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← Triratna Chairs' Assembly

2023-12-31-accounts

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Triratna Chairs Assembly
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(A company limited by guarantee)

Trustees’ annual report and financial statements for the period 1[st] January 2023 to 31[st] December 2023

Contents:

Legal and Administrative Information:

Charity Name: Triratna Chairs Assembly Charity Registration Number: 1117287 Company Registration Number: 05950533 Registered Office and Adhisthana, Coddington Court, Operational Address: Coddington, Ledbury, Herefordshire HR8 1JL

Trustees in the year ending 31[st] December 2023:

W Young (first appointed 9 January 2019) - aka Bodhilila Prasadacarin Busk (first appointed 10 January 2020) C Effendowicz (first appointed 26 Oct 2020) - aka Silabodhi N Edmonds (first appointed 16 May 2022) - aka Satyajyoti Raymond Lawrence Force (appointed 6th January 2023) - aka Silanatha

Secretary : Mr Ajay Gilbert (aka Aparajita) Bankers: Cooperative Bank, Head Office, PO Box 101, 1 Balloon Street, Manchester, M60 4EP.

Triratna Chairs Assembly. Charity number: 1117287. Company number: 05950533

Trustees Report for the year ended 31[st] December 2023

The trustees present their report and financial statements for the year ended 31st December 2023.

Objectives and Activities

The company’s objects and principal activities are:

Activities for Achieving Objectives

During the year this work was furthered through the following activities:

Triratna Chairs Assembly. Charity number: 1117287. Company number: 05950533

Grant making Policies

The income of the Triratna Chairs Assembly is made up of contributions from member Triratna Buddhist Centres and Charities. Every year applications for grants are invited from projects and organisations within the Triratna Buddhist Community whose aims and objectives are similar to those of the Triratna Chairs Assembly and whose activities and initiatives will serve the strategy and priorities set by the Assembly every 4 or 5 years.

Applicants usually have a long-standing relationship with the Chairs Assembly and a proven record of delivering projects. Applications are considered by the trustees and a recommendation for grants and an annual budget (for the following calendar year) is discussed and decided at a business session of members at a mid-year meeting. Reports from the projects receiving grants are considered at one of the biannual meetings of the assembly.

Achievement and performance

Review of Activities

The charity’s income comes mainly from donations from local Triratna Buddhist Centres. We’ve continued to put effort into maximising this income, including giving Centres good information about our work and providing training and resources to help Centres to maximise their own fundraising and financial effectiveness.

Our budget for expenditure for the year is based on 'pledges' that local Triratna Buddhist Centres have made to the charity. The pledges are made on trust and on the understanding that they are a financial commitment to be kept, except in an absolute emergency. The system works well and means the charity is reasonably certain of its income each year. However, we do have a reserves policy (see below) to cover unexpected shortfall.

Public benefit

The Triratna Chairs Assembly provides resources, training and guidance to a network of Triratna Buddhist Centres and groups in the UK and beyond who work with the general public, promoting health and well-being through courses and events in meditation, yoga and Buddhism.

Future Developments

Triratna Chairs Assembly. Charity number: 1117287. Company number: 05950533

The Charity and company will continue with the work and activities that fulfil its objectives and principle activities stated above.

A range of advice, guidance and resources for Triratna public Buddhist Centres and groups, and for Triratna Charity Trustees, will be reviewed, developed and updated as required. This will include statutory and financial guidance, best practice, and how to best provide instruction in, and events covering, meditation and Buddhism. These resources will be made available to Triratna Centres through a designated page at thebuddhistcentre.com.

The Development Team will continue to run training weekends for new and smaller Triratna Buddhist Groups, working directly with the general public, along with specific online and printed guidance for these groups.

The Chairs Assembly’s safeguarding officer will continue to develop and make available model policies and best practice guidance on safeguarding children and vulnerable adults, for Triratna Buddhist Centres and groups, along with organising further Safeguarding training events as needed. Ethical guidelines for those teaching and in positions of responsibility at Triratna Centres will continue to be developed. The safeguarding team will continue to be a source of advice in specific safeguarding cases.

Financial Review

Financial Overview

This year saw a net surplus of £9,637. At the end of the year, unrestricted reserves were £109,600 and restricted reserves were £ 8,483 .

Going Concern

Most of the Centres that give donations for our work have been able to maintain their contribution, thus the trustees have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future, especially in the light of increased reserves. For this reason they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the Accounting Policies.

Investment Policy

Aside from retaining a prudent amount in reserves each year, most of the charity’s funds are to be spent in the short term so there are few funds for long-term investment. However, the charity does have its reserves in an easy-access investment account.

Reserves Policy

The trustees have examined the charity’s requirements for reserves in the light of the major risks to the organisation. Its policy is that the unrestricted funds not committed or invested in tangible fixed assets held by the charity should be no less than 3 months of the annual expenditure. This would give some leeway and response time should one or more donors not meet a financial commitment they had made.

Structure, Governance and Management

Triratna Chairs Assembly. Charity number: 1117287. Company number: 05950533

Governing Document

The organisation is a charitable company limited by guarantee, incorporated on 29[th] September 2006 and registered as a charity on 18[th] December 2006. The company was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Association.

Organisational Structure

Triratna Chairs Assembly has a trustee body of between three and nine members who meet regularly (no fewer than four times per year) and are responsible for the strategic direction and policy of the charity. During 2023 we had a total of 5 trustees who were members from a variety of Triratna Buddhist Centres across Europe large and small. Some members of the Triratna Development Team (see below) attend trustee meetings, including the secretary, but have no voting rights.

During 2023 the charity employed five individuals (collectively known as the Triratna Development Team) to provide various services and advice to Buddhist charities and to assist in the running of the charity (e.g. statutory advice, safeguarding, development of useful resources, liaison with other Buddhist groups and Buddhist umbrella bodies). They are managed by the trustees, and decisions about the services to be provided are taken in consultation with the membership.

Recruitment and Appointment of Trustees

The directors of the company are also charity trustees for the purposes of charity law and under the company's articles are known as 'the trustees'. Under the requirements of the Memorandum and Articles of Association one third (or the number nearest one third) of the Trustees must retire at each AGM, those longest in office retiring first and the choice between any of equal service being made by drawing lots. A Trustee retiring under this Article may stand for re-election.

Currently, chairpersons or representatives of recognised Triratna Buddhist Community Buddhist Centres are invited to become members of the Triratna Chairs Assembly. Members meet twice per year (for 7 days) and during one of these meetings elect the trustees. All the trustees are elected from the membership of the Triratna Chairs Assembly.

Drawing the trustees from this body helps ensure that trustees will have the necessary skills and perspective to guide and oversee Triratna Chairs Assembly. They will already have some experience of trusteeship of Buddhist charities. The charity also tries, where practically possible, to have at least one trustee from a non-UK charity, to provide a non-UK perspective.

Trustee Induction and Training

As indicated above, trustees are drawn from the membership of the charity and will therefore already be familiar with its work, and they will also have a background in the governance of a local Buddhist charity. In addition, there are resources made available to them (such as a Trustees Handbook) prepared by the Development Team, which also contains contact information on further guidance (e.g. from the Charity Commission).

Responsibility of the Trustees

Triratna Chairs Assembly. Charity number: 1117287. Company number: 05950533

Company law requires the trustees to prepare financial statements each year which give a true and fair view of the state of affairs of the charitable company as at the balance sheet date and of its incoming resources and application of resources, including income and expenditure, for the financial year. In preparing those financial statements, the trustees should follow best practice and:

The trustees are responsible for maintaining proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. The trustees are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Members of the Trustee Body

The trustees, who are directors for the purpose of company law and trustees for the purpose of charity law, who served during the year and up to the date of this report, are set out on page 1.

Risk Management

The trustees conduct a review of the major risks to which the charity is exposed. A risk register has been established and is updated as required. Where appropriate, systems or procedures have been established to mitigate the risks the charity faces. The possibility of external risks to funding has led to the development of a strategic plan, which will allow for the diversification of funding, as well as a policy on reserves. Internal control risks are minimised by the implementation of procedures for authorization of financial transactions for amounts over defined thresholds.

Triratna Chairs Assembly. Charity number: 1117287. Company number: 05950533

Declarations

In preparing this report, the Trustees have taken advantage of the small companies exemptions provided by section 415A of the Companies Act 2006

The trustees declare that they have approved the trustees’ report above

Signed on behalf of the charity’s trustees/directors

Signature
Full name(s) Mr Christopher Efendowicz Mr Ajay Gilbert
Position Trustee Secretary
Date 14th October 2024 14th October 2024

Triratna Chairs Assembly. Charity number: 1117287. Company number: 05950533

Triratna Chairs Assembly Triratna Chairs Assembly CharityNo 1117287 1117287
CompanyNo 5950533
Annual accounts for theperiod
Period start date 01/01/2023 To Period end
date		 31/12/2023

Section A Statement of financial activities (including summary income and expenditure account)

Guidance Note
S01
S02
S04
S07
Expenditure (Notes 6)
Expenditure on:
S08
S09
S11
S12
S13
Tax payable
S14
S15
Net gains/(losses) on
investments
S16
S17
S19
S22
Reconciliation of
funds:
S23
S24
Investments
Charitable activities
Total funds brought forward
Raising funds
Other
Income and endowments from:
Total funds carried forward
Total
Net income/(expenditure) after tax
before investment gains/(losses)
Net income/(expenditure)
Transfers between funds
Charitable activities
Income (Note 3)
Net movement in funds
Net income/(expenditure) before tax for
the reporting period
Total
Recommended categories by activity
Donations and legacies		 Unrestricted
funds
Restricted
income
funds
Endowment
funds
£
£
£
F01
F02
F03		 Unrestricted
funds
Restricted
income
funds
Endowment
funds
£
£
£
F01
F02
F03		 Unrestricted
funds
Restricted
income
funds
Endowment
funds
£
£
£
F01
F02
F03		 Total funds
Prior year
funds
£
£
F04
F05		 Total funds
Prior year
funds
£
£
F04
F05
143,669 28,386 - 172,055 139,337
2,275 - - 2,275 2,787
439 - - 439 36
146,383 28,386 - 174,769 142,160
3,762 - - 3,762 6,200
127,978 32,283 - 160,261 134,580
1,109 - - 1,109 1,965
132,849 32,283 - 165,132 142,745
13,534 3,897
-		 - 9,637 585
-
- - - - -
13,534 3,897
-		 - 9,637 585
-
- - - - -
13,534 3,897
-		 - 9,637 585
-
- - - - -
13,534 3,897
-		 - 9,637 585
-
96,066 12,380 - 108,446 109,031
109,600 8,483 - 118,083 108,446
Charity No
Company No
Triratna Chairs Assembly
1117287
5950533		 Charity No
Company No
Triratna Chairs Assembly
1117287
5950533		 Charity No
Company No
Triratna Chairs Assembly
1117287
5950533		 Charity No
Company No
Triratna Chairs Assembly
1117287
5950533		 Charity No
Company No
Triratna Chairs Assembly
1117287
5950533		 Charity No
Company No
Triratna Chairs Assembly
1117287
5950533
Section B Balance sheet
Guidance Note
Current assets
Debtors (Note 19)
B07
Cash at bank and in hand (Note 24)
B09
Total current assets
B10
Creditors: amounts falling due within
one year (Note 20)
B11
Net current assets/(liabilities)
B12
Total assets less current liabilities
B13
Total net assets or liabilities
B16
Funds of the Charity
Restricted income funds (Note 27)
B18
Unrestricted funds
B19
Total funds
B22		 Unrestricted
funds
£
Restricted
income
funds
Endowment
funds
Total this
year
Total last
year
£
£
£
£
- - - - 1,175
119,796 - - 119,796 109,665
119,796 - - 119,796 110,840
1,713 - - 1,713 2,394
118,083 - - 118,083 108,446
118,083 - - 118,083 108,446
118,083 - - 118,083 108,446
8,483 8,483 12,380
109,600 - 109,600 96,066
109,600 8,483 - 118,083 108,446

The company was entitled to exemption from audit under s477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to small companies subject to the small companies regime and in accordance with FRS102 SORP.

Signature of director authenticating accounts being sent to
Companies House
Signed by one or two trustees/directors on behalf of all the
trustees/directors		 Print Name Date of
approval
dd/mm/yyyy
AjayGilbert 14.10.2024
Signature Date
dd/mm/yyyy
14.10.2024
Christopher Effendowicz Print name

CC17a (Excel)

11/10/2024

1

Section C Notes to the accounts

Note 1 Basis of preparation

This section should be completed by all charities .

1.1 Basis of accounting

These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.

The accounts have been prepared in accordance with:

the Statement of Recommended Practice: Accounting and Reporting by Charities • and with  preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 • and with  the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102)

The charity constitutes a public benefit entity as defined by FRS 102.*

1.2 Going concern

If there are material uncertainties related to events or conditions that cast significant doubt on the charity's ability to continue as a going concern, please provide the following details or state "Not applicable", if appropriate:

An explanation as to those factors that support N/A the conclusion that the charity is a going concern;

Disclosure of any uncertainties that make the N/A going concern assumption doubtful; Where accounts are not prepared on a going N/A concern basis, please disclose this fact together with the basis on which the trustees prepared the accounts and the reason why the charity is not regarded as a going concern.

1.3 Change of accounting policy

The accounts present a true and fair view and no changes have been made to the accounting policies adopted in note { }.

Yes  * -Tick as appropriate No

1.4 Changes to accounting estimates

No changes to accounting estimates have occurred in the reporting period (3.46 FRS102 SORP).

Yes  * -Tick as appropriate No

1.5 Material prior year errors

No material prior year error have been identified in the reporting period (3.47 FRS102 SORP).

Yes  * -Tick as appropriate No

CC17a (Excel)

11/10/2024

1

Section C Notes to the accounts (cont) (cont) (cont)
Recognition of income
These are included in the Statement of Financial Activities (SoFA) when:
 the charity becomes entitled to the resources;
 it is more likely than not that the trustees will receive the resources;
 the monetary value can be measured with sufficient reliability.
Grants and donations are only included in the SoFA when the general income
recognition criteria are met (5.10 to 5.12 FRS102 SORP).
Gift Aid receivable is included in income when there is a valid declaration from the
donor. Any Gift Aid amount recovered on a donation is considered to be part of that gift
and is treated as an addition to the same fund as the initial donation unless the donor or
the terms of the appeal have specified otherwise.
There has been no offsetting of assets and liabilities, or income and expenses, unless
required or permitted by the FRS 102 SORP or FRS 102.
Donated services and facilities are included in the SOFA when received at the value of
the gift to the charity provided the value of the gift can be measured reliably.
Offsetting
Grants and donations
Note 2 Accounting policies
This is only included in the SoFA once the charity has provided the related goods or
services or met the performance related conditions.
The cost of any stock of goods donated for distribution to beneficiaries is deemed to be
the fair value of those gifts at the time of their receipt and they are recognised on
receipt. In the reporting period in which the stocks are distributed, they are recognised
as an expense at the carrying amount of the stocks at distribution.
Donated goods for resale are measured at fair value on initial recognition, which is the
expected proceeds from sale less the expected costs of sale, and recognised in 'Income
from other trading activities' with the corresponding stock recognised in the balance
sheet. On its sale the value of stock is charged against 'Income from other trading
activities' and the proceeds from sale are also recognised as 'Income from other
trading activities'.
Goods donated for on-going use by the charity are recognised as tangible fixed assets
and included in the SoFA as incoming resources when receivable.
Donated goods are measured at fair value (the amount for which the asset could be
exchanged) unless impractical to do so.
Government grants
The charity has received government grants in the reporting period
Legacies
Tax reclaims on
donations and gifts
Legacies are included in the SOFA when receipt is probable, that is, when there has
been grant of probate, the executors have established that there are sufficient assets in
the estate and any conditions attached to the legacy are either within the control of the
charity or have been met.
The charity has incurred expenditure on support costs.
Donated services and facilities that are consumed immediately are recognised as
income with an equivalent amount recognised as an expense under the appropriate
heading in the SOFA.
Gifts in kind for use by the charity are included in the SoFA as income from donations
when receivable.
Support costs
2.2 INCOME
Donated goods
In the case of performance related grants, income must only be recognised to the extent
that the charity has provided the specified goods or services as entitlement to the grant
only occurs when the performance related conditions are met (5.16 FRS 102 SORP).
Donated services and
facilities
Contractual income and
performance related
grants		 Yes
No
N/a*
Yes
No
N/a*
Yes
No
N/a*
Yes
No
N/a*
Yes
No
N/a*
Yes
No
N/a*
Yes
No
N/a*
Yes
No
N/a*
Yes
No
N/a*
Yes
No
N/a*
Yes
No
N/a*
Yes
No
N/a*
Yes
No
N/a*
Yes
No
N/a*
Yes
No
N/a*
Yes
No
N/a*

CC17 FRS 102 SORP

11/10/2024

1

Grants with performance
conditions
2.4 ASSETS
They are valued at cost.
The charity has intangible fixed assets, that is, non-monetary assets that do not have
physical substance but are identifiable and are controlled by the charity through custody
or legal rights. The amortisation rates and methods used are disclosed in note 15.
This is included in the accounts when receipt is probable and the amount receivable can
be measured reliably.
Insurance claims are only included in the SoFA when the general income recognition
criteria are met (5.10 to 5.12 FRS102 SORP) and are included as an item of other
income in the SoFA.
Intangible fixed assets
Membership subscriptions which gives a member the right to buy services or other
benefits are recognised as income earned from the provision of goods and services as
income from charitable activities.
Membership subscriptions received in the nature of a gift are recognised in Donations
and Legacies.
2.3 EXPENDITURE AND LIABILITIES
The charity accounts for basic financial instruments on initial recognition as per
paragraph 10.7 FRS102 SORP. Subsequent measurement is as per paragraphs 11.17
to 11.19, FRS102 SORP.
Tangible fixed assets for
use by charity
Liability recognition
Liabilities are recognised where it is more likely than not that there is a legal or
constructive obligation committing the charity to pay out resources and the amount of
the obligation can be measured with reasonable certainty.
Grants payable without
performance conditions
The depreciation rates and methods used are disclosed in note 14.
They are valued at cost.
Deferred income
No material item of deferred income has been included in the accounts.
Provisions for liabilities
A liability is measured on recognition at its historical cost and then subsequently
measured at the best estimate of the amount required to settle the obligation at the
reporting date
Basic financial
instruments
Income from membership
subscriptions
Income from interest,
royalties and dividends
This includes any realised or unrealised gains or losses on the sale of investments and
any gain or loss resulting from revaluing investments to market value at the end of the
year.
Support costs include central functions and have been allocated to activity cost
categories on a basis consistent with the use of resources, eg allocating property costs
by floor areas, or per capita, staff costs by the time spent and other costs by their
usage.
Support costs have been allocated between governance costs and other support.
Governance costs comprise all costs involving public accountability of the charity and its
compliance with regulation and good practice.
The charity has creditors which are measured at settlement amounts less any trade
discounts
These are capitalised if they can be used for more than one year, and cost at least
Investment gains and
losses
Settlement of insurance
claims
Where there are no conditions attaching to the grant that enables the donor charity to
realistically avoid the commitment, a liability for the full funding obligation must be
recognised.
Governance and support
costs
Creditors
Redundancy cost
The charity made no redundancy payments during the reporting period.
Where the charity gives a grant with conditions for its payment being a specific level of
service or output to be provided, such grants are only recognised in the SoFA once the
recipient of the grant has provided the specified service or output.
Volunteer help
The value of any voluntary help received is not included in the accounts but is described
in the trustees’ annual report.		 Yes
No
N/a*		 Yes
No
N/a*		 Yes
No
N/a*
Yes
No
N/a*
Yes
No
N/a*
Yes
No
N/a*
Yes
No
N/a*
Yes
No
N/a*
Yes
No
N/a*
Yes
No
N/a*
Yes
No
N/a*
Yes
No
N/a*
Yes
No
N/a*
Yes
No
N/a*
Yes
No
N/a*
Yes
No
N/a*
Yes
No
N/a*
Yes
No
N/a*
Yes
No
N/a*
Yes
No
N/a*
Yes
No
N/a*

CC17 FRS 102 SORP

11/10/2024

2

The charity has heritage assets, that is, non-monetary assets with historic, artistic, scientific, technological, geophysical or environmental qualities that are held and Heritage assets maintained principally for their contribution to knowledge and culture. The depreciation rates and methods used as disclosed in note 16.

They are valued at cost.

Fixed asset investments in quoted shares, traded bonds and similar investments are valued at initially at cost and subsequently at fair value (their market value) at the year end. The same treatment is applied to unlisted investments unless fair value cannot be measured reliably in which case it is measured at cost less impairment.

Investments

Investments held for resale or pending their sale and cash and cash equivalents with a maturity date of less than 1 year are treated as current asset investments

Stocks and work in Stocks held for sale as part of non-charitable trade are measured at the lower or cost or progress net realisable value.

Goods or services provided as part of a charitable activity are measured at net realisable value based on the service potential provided by items of stock.

Work in progress is valued at cost less any foreseeable loss that is likely to occur on the contract.

Debtors (including trade debtors and loans receivable) are measured on initial Debtors recognition at settlement amount after any trade discounts or amount advanced by the charity. Subsequently, they are measured at the cash or other consideration expected to be received.

The charity has investments which it holds for resale or pending their sale and cash and Current asset cash equivalents with a maturity date less than one year. These include cash on deposit investments and cash equivalents with a maturity of loss than one year held for investment purposes rather than to meet short-term cash commitments as they fall due.

They are valued at fair value except where they qualify as basic financial instruments.

Yes
No
N/a*		 Yes
No
N/a*		 Yes
No
N/a*
Yes
No
N/a*
Yes
No
N/a*
Yes
No
N/a*
Yes
No
N/a*
Yes
No
N/a*
Yes
No
N/a*
Yes
No
N/a*
Yes
No
N/a*
Yes
No
N/a*

CC17 FRS 102 SORP

11/10/2024

3

Section C Notes to the accounts (cont)

Note 3 Income

Note 3 Income Income Income Income Income Income Income
Unrestricted
funds
Restricted
income
funds
Endowment
funds
Total funds
Prior year
£
£
Donations
and legacies:
Donations and gifts
143,669 28,386
- 172,055 139,337
Total 143,669 28,386
- 172,055 139,337
Charitable
activities:
Going on Retreat Income, Insurance
2,275 - - 2,275 2,787
Total 2,275 - - 2,275 2,787
Income from
investments:
Interest income
439 - - 439 36
Total 439 - - 439 36
146,383 28,386
- 174,769 142,160
Other information:
Analysis of income
TOTAL INCOME		 Unrestricted
funds
Restricted
income
funds
Endowment
funds
Total funds
Prior year
£
£
Analysis of income
Donations and gifts 143,669 28,386 - 172,055 139,337
Total 143,669 28,386 - 172,055 139,337
Going on Retreat Income, Insurance 2,275 - - 2,275 2,787
Total 2,275 - - 2,275 2,787
Interest income 439 - - 439 36
439 - - 439 36
146,383 28,386 - 174,769 142,160
All income in the prior year was unrestricted except for: (please
provide description and amounts)
Jnanadhara - £7,531, Aparajita - £10,940, Suvannavira - £804

CC17a (Excel)

11/10/2024

1

Section C Notes to the accounts (cont)

Note 6 Expenditure

Note 6 Expenditure
Analysis
Expenditure on raising funds:		 Unrestricted
funds
Restricted
income
funds
Endowment
funds
Total funds
Unrestricted
funds
Restricted
income
funds
Endowment
funds
Total funds
£
£
This year
Last year
Incurred seeking donations 3,762 - 3,762 6,200 - - 6,200
- - - - - - - -
Total expenditure on raising funds 3,762 - - 3,762 6,200 - - 6,200
Expenditure on charitable activities:
Charitable activities 127,978 32,283 - 160,261 111,446 23,134 - 134,580
- - - - - - - -
Total expenditure on charitable activities 127,978 32,283 - 160,261 111,446 23,134 - 134,580
Other
Governance 1,109 - - 1,109 1,965 - - 1,965
- - - - - - - -
Total other expenditure
TOTAL EXPENDITURE		 1,109 - - 1,109 1,965 - - 1,965
132,849 32,283 - 165,132 119,611 23,134 - 142,745

Other information:

Analysis of expenditure on charitable activities

Thisyear Thisyear Thisyear Thisyear Lastyear Lastyear Lastyear Lastyear
Activity or programme Activities
undertaken
directly		 Grant
funding of
activities		 Support
Costs		 Total this
year		 Activities
undertaken
directly
Grant
funding of
activities
Support
Costs		 Total last
year
£ £ £ £ £ £ £ £
Cost ofgrants made 26,661 - - 26,661 25,143 - - 25,143
Team Costs - 100,637 - 100,637 - 93,477 - 93,477
Other Costs - training/ retreats etc - 32,963 - 32,963 - 15,960 - 15,960
Total 26,661 133,600 - 160,261 25,143 109,437 - 134,580

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Section C Notes to the accounts

Note 10 Details of certain types of expenditure

Note 10.1 Fees for examination of the accounts

Please provide details of the amount paid for any statutory external scrutiny of accounts and other services provided by your independent examiner. If nothing was paid please enter '0' in the appropriate box(es).

Independent examiner’s fees

This year
£		 Last year
£
- 550

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Section C Notes to the accounts (cont)

Note 11 Paid employees

Please complete this note if the charity has any employees (transactions with Trustees dealt with in Note 28)

11.1 Staff Costs

Social security costs
Other employee benefits
Total staff costs
Pension costs (defined contribution scheme)
Salaries and wages		 This year
£		 Last year
£
48,584 53,910
5,105 9,316
2,070 1,612
- -
55,759 64,838

This year:

Please give details of the number of employees whose total employee benefits (excluding employer pension costs) fell within each band of £10,000 from £60,000 upwards. If there are no such transactions, please enter 'true' in the box provided.

Fundraising
Charitable Activities
Governance
Other
Total
No employees received employee benefits (excluding employer
pension costs) for the reporting period of more than £60,000
Please provide the total amount paid to key management
11.2 Average head count in the year
The parts of the charity in which the
employees work		 Fundraising
Charitable Activities
Governance
Other
Total
No employees received employee benefits (excluding employer
pension costs) for the reporting period of more than £60,000
Please provide the total amount paid to key management
11.2 Average head count in the year
The parts of the charity in which the
employees work		 TRUE TRUE
Thisyear Lastyear
£ £
16,880 18,473
This year
Number		 Last year
Number
Fundraising - -
Charitable Activities 4 3
Governance - -
Other - -
Total 4 3

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Section C Notes to the accounts (cont)

Note 12 Defined contribution pension scheme or defined benefit scheme accounted for as a defined contribution scheme.

12.1 Please complete this note if a defined contribution pension scheme is operated.

Amount of contributions recognised in the SOFA as an expense Thisyear Lastyear
£ £
2,070 1,612

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Section C Notes to the accounts (cont)

Note 13 Grantmaking

Please complete this note if the charity made any grants or donations which in aggregate form a material part of the charitable activities undertaken.

This year:

13.1 Analysis of grants paid (included in cost of charitable activities)

Analysis Grants to
institutions		 Grants to
individuals		 Support costs
£		 Total
£
BCO / Dharmachakra 10000 - Nil 10000
Translations Fund 8667 - Nil 8667
Adhisthana 6595 - Nil 6595
Gender Diverse Project 143 - Nil 143
Suvannavira - Dhrma activities in
Moscow		 - 1256 Nil 1256
- - -
Total 25405 1256 -
26661

Please enter “Nil” if the charity does not identify and/or allocate support costs.

13.2 Grants made to institutions

My charity has made grants to particular institutions that are material in
the context of its grantmaking. Details of the institution supported,
purpose of the grant and total paid to each institution is available on the
charity's web site.		 Yes Please provide
details of charity's
URL.
No Provide details
below
Names of institution Purpose Total amount of
grants paid £
Future Dharma Fund Ongoing funding support - Dharmachakra 10,000
Future Dharma Fund Ongoing funding support - Translations
Fund		 8,667
Adhisthana Supporting Ksantikara - young person's
project		 6,595
Leeds Buddhist Centre Supporting gender diverse sangha 143
TOTAL GRANTS PAID
Other unanalysed grants
Total grants to institutions in reporting period		 25,405
-
25,405

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Last year:

Last year: Last year: Last year: Last year:
13.3 Analysis ofgrantspaid(included in cost of charitable activities)
Analysis Grants to
institutions		 Grants to
individuals		 Support costs
£		 Total
£
Suvannavirs - Dharma activities in
Moscow
~~Akhbi Dh tiiti i~~		 - 1,005.00 - 1,005.00
~~son - arma acves n~~
Liecester		 - 714.00 - 714.00
Alexis - Dharma activities in Malta - 308.00 - 308.00
Sven Lohry- dharma activities in Fulda - 612.00 - 612.00
Adhisthana 657.00 - - 657.00
Leeds Buddhist Centre 604.00 - - 604.00
Future Dharma Fund 15,000.00 - - 15,000.00
Triratna Trust 1,500.00 - - 1,500.00
Triratna York 2,980.00 - - 2,980.00
Akashavana 1,762.00 - - 1,762.00
Total 22,503 2,639 - 25,142

Please enter “Nil” if the charity does not identify and/or allocate support costs.

13.4 Grants made to institutions

My charity has made grants to particular institutions that are material in
the context of its grantmaking. Details of the institution supported,
purpose of the grant and total paid to each institution is available on the
charity's web site.		 Yes Please provide
details of charity's
URL.
No Provide details
below
Names of institution Purpose Total amount of
grantspaid £
Leeds Buddhist Centre Supporting gender diverse sangha 604
Triratna Trust Ethics & Reconciliation Fund 1,500
Adhisthana Supporting Kshantikara - young person
project		 657
Akashavana Supporting Dharma activities at
Akashavana - new group		 1,762
York Buddhist Centre Supporting Dharma activities 2,980
Future Dharma Fund Ongoing funding support & translations 15,000
TOTAL GRANTS PAID
Total grants to institutions in reporting period
Other unanalysed grants		 22,503
-
22,503

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Section C Notes to the accounts (cont)

Note 19 Debtors and prepayments
19.1 Analysis of debtors
Total
Prepayments and accrued income
This year
£		 Last year
£
- 1,175
-
1,175

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Section C Notes to the accounts (cont)

Note 20 Creditors and accruals

20.1 Analysis of creditors
Trade creditors
Taxation and social security
Total
Amounts falling due within
one year
Amounts falling due after
more than one year
This year
£		 Last year
£		 This year
£		 Last year
£
- 2,393 - -
1,713 - - -
1,713 2,393 - -

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Section C Notes to the accounts (cont)

Note 24 Cash at bank and in hand Cash at bank and on hand Total

This year
£		 Last year
£
119,796 109,665
119,796 109,665

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Section C Notes to the accounts (cont)

Note 27 Charity funds

27.1 Details of material funds held and movements during the CURRENT reporting period

Please give details of the movements of material individual funds in the reporting period together with a balancing figure for 'Other funds' (which should include revaluation reserve and fair value reserve, if applicable). The 'Total funds' figure below should reconcile to 'Total funds' in the balance sheet.

* Key: PE - permanent endowment funds; EE - expendable endowment funds; R - restricted income funds, including special trusts, of the charity; and U - unrestricted funds

funds
Fund names Type PE, EE
**R or UR ***		 Purpose and Restrictions Fund
balances
brought
forward
£		 Income
£		 Expenditure
£		 Transfers
£		 Gains and
losses
£		 Fund
balances
carried
forward
£
Jnanadhara R Support for role as International
movement co-ordinate		 3,376 11,880 - 15,256 - - -
Aparajita R Support for role as ECA team leader - 15,771 - 15,771 - - -
Vessantara R Supportingteaching 23 - - - - 23
Val R Translations 341 - - - - 341
Suvannavira R SupportingBuddhist activities - 846 735 - 1,256 - - - 1,367
Other Restricted R Video & mediaproduction 50 - - - - 50
Legacy R Small centre supportgrants 9,495 - - - - 9,495
Indian Buddhist Youth R Supporting youngBuddhists - 59 - - - - - 59
General UR 96,066 146,383 - 132,849 - - 109,600
- - - - - -
**Other funds(balancing figure) ** N/a N/a - - - - - -
Total Funds as per balance sheet 108,446 174,769 - 165,132 - - 118,083
Fund balances carried forward include assets and liabilities denominated in a foreign currency Yes
No		 Yes
No

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Section C Notes to the accounts (cont)

Note 27 Charity funds

27.2 Details of material funds held and movements during the PREVIOUS reporting period

Please give details of the movements of material individual funds in the reporting period together with a balancing figure for 'Other funds' (which should include revaluation reserve and fair value reserve, if applicable). The 'Total funds' figure below should reconcile to 'Total funds' in the balance sheet.

* Key: PE - permanent endowment funds; EE - expendable endowment funds; R - restricted income funds, including special trusts, of the charity; and U - unrestricted funds

funds
Fund names Type PE, EE
**R or UR ***		 Purpose and Restrictions Fund
balances
brought
forward
£		 Income
£		 Expenditure
£		 Transfers
£		 Gains and
losses
£		 Fund
balances
carried
forward
£
Jnanadhara R Support for role as International
movement co-ordinate		 - 7,531 - 4,155 - - 3,376
Aparajita R Support for role as ECA team leader - 10,940 - 10,940 - - -
Vessantara R Supportingteaching 23 - - - - 23
Val R Translations 341 - - - - 341
Suvannavira R SupportingBuddhist activities - 645 804 - 1,005 - - - 846
Other Restricted R Video & mediaproduction 50 - - - - 50
Legacy R Small centre supportgrants 16,262 - - 6,767 - - 9,495
Indian Buddhist Youth R Supporting youngBuddhists 208 - - 267 - - - 59
General UR 92,792 122,885 - 109,974 - - 105,703
- - - - - -
**Other funds(balancing figure) ** N/a N/a - - - - - -
Total Funds as per balance sheet 109,031 142,160 - 133,108 - - 118,083
Fund balances carried forward include assets and liabilities denominated in a foreign currency Yes
No

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Section C Notes to the accounts (cont)

Note 28 Transactions with trustees and related parties

If the charity has any transactions with related parties (other than the trustee expenses explained in guidance notes) details of such transactions should be provided in this note. If there are no transactions to report, please enter “True” in the box or "False" if there are transactions to report.

28.1 Trustee remuneration and benefits

This year

None of the trustees have been paid any remuneration or received any other benefits from an employment with their charity or a related entity (True or False)

Last year

None of the trustees have been paid any remuneration or received any other benefits from an employment with their charity or a related entity (True or False)

TRUE TRUE

28.2 Trustees' expenses

If the charity has paid trustees expenses for fulfilling their duties, details of such transactions should be provided in this note. If there are no transactions to report, please enter “True” in the box below. If there are transactions to report, please enter "False".

enter "False".
No trustee expenses have been incurred (True or False) FALSE
Type of expenses reimbursed This year Last year
£ £
Travel 570 902
Subsistence 539 513
TOTAL 1,109 1,415
Please provide the number of trustees reimbursed for expenses or who
had expenses paid by the charity
4 4

28.3 Transaction(s) with related parties

Please give details of any transaction undertaken by (or on behalf of) the charity in which a related party has a material interest, including where funds have been held as agent for related parties. If there are no such transactions, please enter 'true' in the box provided.

This year

There have been no related party transactions in the reporting period (True or False) There have been no related party transactions in the reporting period (True or False) There have been no related party transactions in the reporting period (True or False) There have been no related party transactions in the reporting period (True or False) There have been no related party transactions in the reporting period (True or False) There have been no related party transactions in the reporting period (True or False) FALSE FALSE
Name of the trustee
or related party		 Relationship
to charity		 Description of the
transaction(s)		 Amount Balance at
period end		 Provision for bad debts
at period end		 Amounts
written off
during
reporting
period
£ £ £ £
Jnanadhara (Ben
Brewer)		 International
Movement Co-
ordinator		 Jnanadhara is a
trustee of Future
Dharma Fund - part of
his support is funded
by Future Dharma
Fund
3,376
-
-		 -

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CHARITY COMMISSION FOR ENGLAND WALES Independent examiner's report on the accounts Section A Independent Examiner's Report Report to the tru8teas Triratna Chairs Assem On accounts for the year ended 3111212023 Charity no (If any) 1117287 Set out on pages I report to the trustees on My examination of the a¢¢ounts of the above harity {"t￿ Trust") for the year ended 3111212023 Responslbllities and basis of report As the charivs trustees, you are responsible for the preparation of the accounts in accordance with the requirements ot the Charth'es Act 2011 (￿he Act.) I report in respect of my examination of the Trust's account5 carried out under section 145 of the 2011 Act and in carying out my examination, I have followed all the applicable Direclions given by the Charity Commission under 5eGtion 14515)Ib) of the Act. Indep•ndent examinerfs ststement I have completed my examination. I confirni that no material matters have come to my attention in connection with the examinab'on which gives me Gause lo believe that in, any material respect." the accounts'ng records were not kept in accordan￿ with section 130 of the Charities Act: or the accounts did not accord with the acoounting records., or the accounts did not comply with the applicab￿ requirements concerning the fonr and content of accounts set out in the Charities {Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fail view which is not a matter considered as part of an indeperKlent examination. I have no con¢ems and have come across no other matters in connection th the examination to which attention should be drawn in this report in ordei to enable a proper understarKJing of the accounts to be reached. Please delete the words in the braGkets if they do not apply. Signed: Date: L OL+ £01 Name: Rolavant professlonal qualification(s} or body (If any),. Address: Fl Zz- ZL A￿T IER Oct 2018

Section B Disclosure Only complete if the examiner needs to highlight rnaterial matters of concem {see CC32, Independent examination of chanty accounts.. directions and guidanGe for examiners). Glve here brief details of any itsms Ihat the examlner wlshes to disclose. IER Oct 2018