Trlratn• Buddhafleld Charlty No, 1108826 Company No. 05157868 Trustees. Report and Un•udited Accounts 31 December 2024
TrlT•tn• Buddh•fi•ld CONTENTS Trustees, Annu•l R•port Independ•nt Eximln•r's ft•port Statement of FlTr•n¢l•l AttlvStl•s 8•l*n¢• She•t Notss to the Accounts Detailed St•tern•nt of Fln•nel•l Actlvltl•s 2to3 7t014 Page I
Trlratna 8uddhafield TRUSTEES ANNUAL REPORT The Trustees, who are also dlrectors of thè ch•rlty lor the purposes ol the Companie5 Act 2006, present their report With the unaudlted ffnanclal st•tements of the charlty for the year ended 31 December 2024. REFERENCE AND ADMINISTRATIVE DEfAILS Company No. 05157868 Charlty No. 1108826 Re8lstered Office Henleaze House Business Centre 13 Harbury Road Sheffield BS9 4PN Directors and Trustees The Direcfors of the charitable Company are its Trustees for the purposes of charity law. The following Directors and Trwstees served during the year- W.L Bedford G. Pearse E. Tombs J. Lyus U. Boak (resigned 05106/2025) {resigned 29/03/20241 {appointed 29103/2024) (appointed 29/03/2024) (appointed 29/03/2024) L. Conway V. Ellis T. Barnes S. Burns Accountants Hele Kergozou Ltd Lilac Cottage The Street Draycott Cheddar BS27 3TH OBJEcnvES AND AcnvmES The purpose of the charity as set out in its governing document dated 18 June 2004 is the advancement of the Buddhist Religion. The main activities undertaken in relation to those purposes consists of running retreats on our own land and elsewhere and introduclng the practice of rnedltation and the teachin8s of the Buddha at other festivals. Page 2
The trustees have given due eonslderatlon to the Ch•rlty Cornrnisslon'5 guidance on the public benefit requirement and actlvitles are or8anlsed wlth thls In mlnd. The Trustees are responslble for ke•pl proper Iccountlng Tecofds that disclose with reasonable accuracy at any time the financial posltion of the charlty and to enable them to ensure that the financial statements comply with the Cornpinles Act 2006. The Trustees are also responsible for safeguardlng the assets of the charity and hence t•king reasonable steps for the preventlon and detection of fraud and other ifregularitles. The above report has been prepared In aecordance with the provlslons appllcable to companies subject to the small companles realme as set out in Part 15 of the tompanies Act 2006 and in accordance with the Charities SORP (FRS 102). Signed on behalf of the bo E. Tombs Trustee 27 October 2025
Twlr•+thA Aibrtrth•ll•ld Trlrntn• lJuddhill•ld INDEPENDENT £XAMINtIl IIPORT Ind•p•nd•nt Ex•mln•p'• Ilwrt to lh• trwt•M rf Trlr4tri• •uddh•ll•ld I r•port to th• ch•rfty truth•i on rnv •x•mln•tlon ol th• •ccounts ol Trlratna Buddhifleld for the year ended 11 Dec•mb•r 2014 whl¢h compr1 lh• St•t•rn•ni ol Fln•nLlal Acllvltl•s. thv Summaiy IncomA lind jxwndlturn Accourt th• 14Th Sh•ot 4r th• r•lat•d not• • R•wwlbllltl•• Iftd rnport Al tlie ti uste•5 of lh• ¢h•rltv l•nd ilw Iti dlr•cton lor Ihe purposes ol company law? you Jre'responslble lor the prnp4r4tlon ol th• •cwuThts In •ttord•nc• wlth th• r•qulr•m•nts of th• Companl•s Art 2006 ('the 2006 H•¥1 sailsfi•d mys•W tt th• •ccounts ot the chrlty are not requlred to be audlted under Part 16 of the IOC6 Act and Iro •118lbl• lor Indep•nd•nt •x•mln4tlon. I r•pbrt In r•spect of my examlnatlon of your charlty's accounts •s c4rrl•d out under s•ctlon 145 of the Charltles Act 20221'the 2022 A¢t'). In carrylng out my ex•rnln•tlon I hiv• follow•d th• Dlrectlons 8lv•n by the Charlty Commlsslon under sertion 145(5)(b) of the 2022 ACL I have completed my •xaMlnatlon. I can ¢onflrm that no materfal matters havè come to my attentfon In connectton wlth the examlnatlon Ilvlng me cause to belleve thaL' •c¢(ntIng records were not kept In accordan¢e wlth sectlon 386 of the 2006 Act ' or the accoLnts do not accord wlth those records; or the accounts do not comply wlth the accountln8 requlrements under sectlon 396 of the 21AJ6 Act other than any requlrement that the accounts Ive a *rue and falr, vlew whkh Is not a mattér considered as part of an Independent examSnatlon; or the accounts have not been prépared In accorthnce wlth the Charities SORP {FRS 102). I have no concerns and have tome across M) other matters fn connectfon with the examlnatioD to which attent5on should be drawft In thls report In orderto enable a proper understanding of the accounts to be reached. i J S Hele Kergou>u FCA ICAEW Hele Kergozou Ltd Lilac Cottage The Street Draycott Cheddar BS27 3TH 271)ctober 2025
Trfratna Buddhafield STATEMENT OF FINANaAL Acnvm for the year ended 31 Decemb•r 2024 UnMtrkt•d funds 2024 fttrIrt•d tundi Totsl funds 2024 2024 Totsl fundi 2023 Not•1 Inwme ?nd •ndowm•nts Donations and l•qaclos Charltable activlties Investments 5,767 165,056 57,275 1,746 291,325 54303 757 159.289 57,275 1,746 Totsl 218,310 5,767 224,077 346,385 Expendlture on: Charitable actitieS 300,636 18,S41 18.541 319.177 319,177 276,723 276,723 300,636 Net gains on investments Net Incomel(expendlture) Net income/(expenditure) before other gains/(losses) 182.3261 {12,774) 195,100) 195,lOOj 69,662 69,662 {82.326) 112,774) Other gains and losses: Net movement in funds (82326) {12.7741 (95,100) 69,662 Reconaliation of funds: Total fvnds brought forward 249,905 190,675 440,580 370,918 Totsl funds carrled fOard 167.579 177,901 345,480 440580 Page 5
Trlratna Buddh•fl•ld 8AiANCE SHEEr •t 31 Dec•mbor 2024 1024 Flxed assets T•ngible •ss•ts Inveslments 119,844 200 123.784 2fy) 12 CurY•nt •ss•ts Debtors and pr•p•yments Cash ai bank and In hand 13 91.528 145.(M 88A62 246,814 236.532 (11,0961 225.436 335J76 I18 316596 CrnI1. Amount falllni due wlthln on• y••r 14 Tot•1 assets less curront Ihbllttles 345.480 Net assets axdudlw penslon asset or Ilablllty Totsl net assets 345,480 345,480 The luftds ol the tharlty Restrlcted funds Restri.Xed income funds 177.901 177.901 19).575 I675 UnTestrktd funds General fund5 167579 249.5 167,S79 249.YYJ Tatal funds 345.480 Thve ¥C<nIS have been prepared In iOrdance with the specl•l provisions of P•rt IS of th COMp•n Art 2( rn1all to small comnI> For the ye•r ended 31 Decernb•r 2024 the cornp was to •x•nptton und•r sKdon 477 of th• Comp•nl•s Act 2(XKS rela11 to srn•l: The rn•nws I¥¢ not r•qulr•d th¢ ¢omp•ny to obtaln •n •udlt in •ttord•nc• s•rtion.476 01 th• The ¢'r•dXi acknowl•dv th•lr v•iponslbMiil•s lor ¢ornplylni whh th• r•quii•rn•nls of th• CoMni•S kt 2(K6 ¥Ath r•wt to r•cordi •nd ih• pr•p•f•tr'on ol a¢¢ounl& App¢tr4•d bv th• bo•rd 27 Odob•f 2015 And w•d on rt• b•h•ll . E. T¢)rn Trurt•• PWAI? Pag• 6
Trlr•tn• Buddh•fi•ld NOTES TO TrE ACCOUNTS for the year •ndod 31 D•t•mb•r 2024 l A¢countln8 polld•s asls of pr•p•ratlon The flnanclal stat•m•nts hw• b••n prep•rod In accordance wlth Accountlng and Reportln8 by Charities: Statement of R•comm•nd•d Pf•ttic• •ppllt•bl• lo charlttes preparing thelr accounts in accordance with the Financl41 Reportln8 St•ndard appll¢•ble In the UK and Republic of Ireland (FRS 1021 leffective I January 2015) - (Ch•rltl•s SORP (FRS 10211. Iho Flnanclal Reporttng Standard applicable in the UKand Republic of Ir•land (FRS 102) •nd the ComnIeS Act 2006. Ch•n8• In b•sls of •ccountlni or to pr•vlou$ •ccounts There has been no ch•nq• to the ¢countln8 policles Ivaluatlon rule5 and method of accounting) since last year and no chan8es have been made to accounts for previous years. Fund •ccouThtlni Unrestricted funds These are avallable for use at the dlscretlon of the trustees in furtherance of the 8eneral objects of the charlty. These are unrestrirted funds earmarked by the trustees for particular purposes. These are unrestricted funds which include a revaluation reserve representin8 the restatement of investrnent assets at their market values. These are available for use subjert to restrictions imposed by the dorM)r or thro terms of an appeal. Designated funds Revaluation funds Restricted funds Income Recognition of inconie Income is included in the Statement of Financial Activities (SOFA) when the charity becomes entitled to, and virtually certain to receive, the incorne and the arnount of the incorne can.be measured with sufficient reliability. Income with related Whete income has related expenditure the income and related expenditure is expenditure reported gross in the SOF Donations and legacies Voluntary income received by way of grants, donations and gffts is included in the the SOFA wlyen recelvable and only when the Charity has unconditional entltlement to the income. Tax reclaims on Income from tax reclairns Is Included in the SOFA at the same time as the donarions artd glfts 6ift/donatfon to which it relates. Donated servlces These are only Included In Income {wlth an equivalent amDunt.n expenditure) and facllities where the benefit to the Charlty is reasonably quantlfiable, measurable arKI rnaterial. Volunt•er help Th• value of any volunteer help recelved Is nol Includ in tho •ccounts. Investrn•nt Income Th1515 In¢lud•d In the accounts when r•ceiv•bl•. GalnsAlosses) on Thls Includ•• any i•ln or lom r•wltlnq frorn r•V•lu1 Inv•stffl•nts to market v•1 Tev•lu•tton of Ilx•d •t th• •nd of th• y••r. assets Gains/llosg•5) on Investrnent ass•t• Expendltur• Recognltlon of expendSture Thli Includ•s •ny i•ln or lois on th• s•1• of Inv•stm•nt& Exp•ndltur• Is r•¢oonli•d on an ac¢ru•l¥ b•sls. Expendlture Includes •ny VAT whlch cannot b• fully r•¢ov•red. •nd 1$ reported •s p•rt of the expenditure to whlch It r•lt•s. Page 7
Trlratna Buddhalleld NOTES TO ThE ACCOUNT5 ExpendSture On raising funds Expendlture on charitable •¢t5vltl These comptls• the colts •ssoclAt•d th attr•ctln8 voluntary income, fundralsing tr•dlni colts and Investrnenl management costs. Th*s• cornptls• lh• tosls Incijrred by the c.harity In the dellvery of Its actlvTtles and
•rvlc•s In th• fvrth•r•nc• of lig obl•cts, intlijdini the makini of grants and eov•rn•ne• costs. All irlnt •xpondllur• li •ttounted for on Jn actual paid b8sls plus an acuual for 8r•nts thii h•v• b••n •pproved by the trustèes it the end of tli• year but not yet p•ld. Govern•nce costs Th•5• Includ• tho* tostj 05soclated wlth meettng the constitutlonal and stalutory r•qulrem•nt5 of the Chirlty, Includlng any audlt/independent aMinatIOn fees, tosts Ilnked to th• str•t•ilc m•na8emenl of the Charity, together wtth a gharé of other adminlstratlon costs. These •re support costs not allocated to • partltular a£tlvlty. Grants pay•bl• Other expendlture Tu•tioft The charity is exempt from corporation tax on Its charltable actlvitles. Tanghk fed •ets deprncl•llon Depreciation is provided at the followln8 annual rates in order to write off each asset over its estimated useful lrfe: Motor Vehicles 25% Straight line Freehold agricultural land Is owned by the charity and used for holding Retreats and other event Freeho investment property InvestD)ent properties are revalued annually and any surplus or deficit is dealt with through the Statement of Financial Activitie5. No depreciation is provided in respect of investment propertie& This treatment conflirts with the requirements of the Companies Act 2006 that all properties should be depreciated. The directors conslder that, because tHese properties are not held for consumption, but for their Investrnent potential and wlll not decrease in value that the values in the accounts at cost live a true and fair view. Stock is Included at the lower of cost or net reallsable value. Donated Items of stock are recoenised at fair value which Is the •rnount the charlty would have been wllllng to pay for the Items on the open Page 8
Trade and oth•r debtors Trade and other debtors •re r•coinls•d •t th• s•ttlqm•ni •mounl due after any trade discount offered. Prepayments are valued •t th• •mount pr•pald n•t of any ti•de dlicounts due. Cash and c•sh •quh•l•nts C•sh •nd tash equlval•nts eomprls• rash •t b•nk and on hind. demand deposits wlth banks •nd other short-term hl8hlv Ilquld Inv•stments wlth orliln•l maturltles of three months Of less and bank overdr4fts. In the stat*ment of ftnancl•l posltlon, bank overdrjfts #re shovln Within borrowlngs or current Il•bllltle& Tr•de •nd other crodltors Short term credltor5 are me•$ur•d at the tr•nsJctlon prlce. Other credltors and provlsions are reco8n15ed where the ch•rlty has a prèsent obllgatlon rèsultlng from a past event that will probably result in the transfer of fvnds to a thltd party and the amount due to settle the obligatlon can be measured or estimated rellably. Creditors and provislons are normally recognised at their settlement amount after allowln8 for any trade discounts due. Researth and development Expenditure on research and development Is wrltten off In the yearfin which it is incurred. Forelgn (rrende$ Monetary assets and liabllities denominated in currencies Other than the functional currency of the charity are translated at the rates of ex¢han8e Prevalling at the end of the reporting period. Transactions in currencies other than the functional ¢Uffency of the charity are recorded at the rate of exchange on the date that the transaciion occurred. All exchange differences are are taken into account in.arwivin8 at net incornelexpenditure. Lea5Ld assets Where the charity enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease 15 treated as a finante lease. Leases which do not transfer substantially all the risks and rewards of ownership to charity are classified as operating leases. Assets held under fTnance leases are initially recognfsed as assets of the charity at their falr value at the inception of the lease or, if lower, at the present value of the mininlum lease payrnents. The corresponding liability to the lessor is included in the balance sheet date as a fi'nance lease obligation. Lease payments are apportioned lietween finance expenses and reduction of the'lease obligation so as to athieve a constsnt rate of interest on the remaining balan of the Siability. Flnance expenses are recognlsed immediatelyi unless they are dirertly attributable to qualifylng assets, In whl¢h case they are capitalised In aCrdanCe with the charlty's poIiLy on borrowlng costs. Assets held under finance leases are depreclated in the sarne way as ovmed assets. Operatlni lease payments are recognised as •n expense on a straight-llne basls over the lease term. In the event that lease Incentlves are received to enter Into operatln8 leases. such inc•ntives •re recognised as a Ilablllty. Th• Irat• benefit of Inc•ntlves Is reco8nlsed as a redurtlon of rental expense on • straight-llne basls. Page 9
Pension costs. The charlty operates a doflned contrlbutlon plan for Its employees. A deflned contrlbutlon plan is a pension plan under which the company pays flxed contrlbudon5 Into a sep•r3te enibty. On¢• th• ¢ontrlbutlons have been pald the company has no further payments obllgatlons. The contrlbudons ar• recognised as expenses when thev fall due. Amounts not pald are shown In accruals In the b•l•nce sh••t. The assets of the plan are held separately from the company In Independently admlnistered fundi. Company status The company Is a private wrnpany Ilmlted by 8uarantee and consequently does not have share c8plt•l. 3 Statement of Flnanclal Actlvltses- prlor year Unrestrlcted fvnds 2023 Restrfcted funds T4rtal fund• 2023 ' 2023 Income and endowments from: Donations and legacies Charitable activities Investments 283,794 54,303 757 7531 291,325 54,303 757 Total 338,854 7531 346,385 Expenditure on: Charitable activities 265.726 10,997 276,723 Total 265,726 10,997 276.723 Net income 73,128 13,466) 69,662 Net income before other gains/(losses) Other galns and10sses: Net movement In fvnds Reconciliation of funds: Total funds brought forward Totsl funds carrled forward 73,128 13,466) 69,662 73,128 {3,"466) 69,662 176,777 . 194,141 370,918 249,905 190,675 440.580 Page 10
Total . 2024 Total 2023 Unr•thlrt•d estrfcted S•nith Ptoi•¢t Lid. nts orinis•r and Buddhafiold Tr1 Ltd Gift Aid t•X Tttel¥od Lar Stw•rd5hlp GrInt N•tlon•l Loltery General 201,627 108,332 108,332 5.993 5,993 18.036 1500 43.464 159,289 1,500 61,712 165.156 9,950 61,712 291.325 5,767 5,767 Unrefyicted Totsl 2024 Total 2023 Retreats •nd e¥ents Other 55.475 52,350 1,953 54.303 52?50 1,9S3 54,303 57,275 Unrertricted Totsl 2024 Total 2023 1.746 1.746 757 757 Bank Interest 757 757 Totsl 2024 Totsl 2023 Retreats •nd ertits Staff costs Donatiom and ernnts Other 57,958 187.426 57.958 187,426 6155 154.738 5.220 54,001 50.232 18541 68.773 Support Costs Office supplies Irrflepéndent Examlner fee 2.010 975 2,010 975 35 1.334 975 35 3QO.636 100 18541 319.177 276.723 P•p 11
8 Analysls of Krants , Actlvlty or pro8r•mm• Tot•1 2024 ' Total 2023 Tlratanaloka 3,000 Trlritna Ch•lrs Assemblv Other 2,OlXI 2,105 2,000 5,220 9 Trustee remuneratlon and expen$ One or more of the trustees has beerfpaid remuneration in the current or prior perlods. Other , benefits Trustee Remuneration Pension E. Tombs G. Pearse L Conway J. Lyus T. Barnes 9,340 9,6(H) 625 6,405 18,000 J9 540 2)23 17 "14 One or more of the trustees has been paid expenses in the current or prior periods. 2024 . Number 2023 Number Number of trustees paid expenses The nature of the reimbursed expenses Travel, traininE• publicity expenses Total expenses relmbursed to trustees 643 116 Staff costs No employee reeelved emoluments In excess of £60,000. Page 12
11 Tan8lble flxed assets Land and bulldlngs Motor Vdhlcles Total Cost )r revaluaiion At l January 2024 RevÈrsin8 additSon At 31 December 2024 Depreclatlon and Impalrment At l January 2024 Depreciation charge for the year At 31 December 2024 Net book values At 31 December 2024 At 31 December 2023 12 Investments 119,034 11,4401 . 117.594 117,594 io,wo 129,034 11,440) 10,000 127.594 5,250 . 5,250 2,500 2500 7,750 7,750 117,594 119,034 2,250 119,844 123,784 Investment Subsidiaries Total C05t or revaluatlon At l January 2024 200 At 31 December 2024 Net book values At 31 December 2024 At 31 December 2023 Investment in Subsidiaries The company has the following subsidiary undertakings: 200 200 200 200 200 200 Capltal and . reserves at end of the Profftl(10ss1 for the relevant aass of shares % age held of share5 relevant Name of company held year year Samaya Project Ltd Buddhafield Trading Ltd 31112124 Ordinary 31103124 Ordinary loo 63,040 6.957 5,256 (77) loo Page 13
13 Debtors: amounts falllng due within one year 2024 2023 Other debtors Prepayments 91528 88,462 91.528 88,462 14 Cr•dltor&' amoupts fallini du• wlthin one ye•r Other credltor5 Poye Accruals and deferred Intome 9,407 714 975 11,096 17,7(5 975 18,680 15 Movoment In fvnds 01101124 Incomlni Resources Rewrces Expend•d 3111212A Restrktod fvnd Rt5triLtid intme fvndy. L)nd appeal. land purchase Buddliafield Base Totol 177,901 12.774 177,901 7,531 (10,997) 110.9971 190,675 7531 177,9 Ufirestricted fund General funds 249,905 440580 838,854 1265,726). (276,7231 167,579 Total funds 346,385 345,480 Purposes and restriction5 in relation to the funds: Restricted funds: Land appeal. land purchase Purchase and malntenance of existing land V Land appeal, purchase of Bowerwood land at cost £32,594 21 Land appeal. purchase of Frog mill land at cost £85,0 31 Land appeal, funds for land purchase £60,307 The purchase of Land and buildings sultable for buddhafield comrnunity and buddhafield festival. Support attendees at Retreats 16 An*sb af nrt assets betwe•n fuNIs Buddhafield Base Retreats Unrestrlcted Restrkted funds lund Totsl Fixed ayets Investments N•t curfent •ssets 2,250 200 165,129 167,579 117.594 119,844 200 225,436 345.480 60,307 177.901 Page 14
DklAlItII IIAIMINI lNANI IAI AI IIVIIIII 11114 In(niii• ind •iiduwm•nii lium; (iiinl loit•iv i//ii V4,111 41,444 1 li/ Cli•iii4111• •( n¥ltl•i R¥li¥o11 4nd •v•nli 5+,415 I,W/i 'A, Il/ Invo%1 Ino1111 1,14• 1,146 r/ 1,144 Tolal Incom• and •ndowm•nl• Exp•ndltui• on: R•lrdti •nd •v•nti Sliff coiti Doniihuni •nd iranii Oth•r fyJ,Y/4 Jll.416 '•J/4 yj.ili Govern•nc• foil Support coili Offi'ce iuppII•6 Ind•p•nd•nt Ex4mln•r l•• '?siio 915 r JJJIO ¥Mo Tolal ol •iip•ndltur• on ¢h•ill•bl• N•1 In¢om•/(•xp•ndltui•) b•lw• oth•i i•ln•/(loMM) Oth•1 G41ns (82,3161 111,1141 fjlIA02 N•t mov•m•nt ID lund• 112.114) 0fj.641 P•1• 15