2024-12-31-accounts

Samye Foundation Wales Annual Report / ¢0°, ANNUAL REPORT JANUARY 2024 to DECEMBER 2024 Contact Details: 250 Cowbridge Road East. Canton. Cardiff CF5 IGZ Tel: [phone] ema il: [e-mail] web" www.sfwaie).Oi Samye Foundation Wales Registered Charity 1122144 Registered Company Limited by Guarantee 05901855 The Trustee5, who are also"Directors of the charityforthe purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 December 2024. The Trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effertive l January 2015). Mission Statement Samye Foundation Wales will endeovour to promote a greater sense of physical and mental well-being and empower individuals and communities through the provision of meditation, compassion-bosed mindfulness training. counselling ond well-being activities.

Samye Foundation Wales Annual Report Aims to improve the health and well-being of people in Wales to tackle health inequalities and social exclusion by making previously exclusive practices and treatments available to all to break new ground in the world-wide development of using mindfulness meditation to improve health and reduce the risk of ill-health to provide opportunities for personal development via education and training to promote tolerance. compassion and respect of cijltural diversity Principles/Values We believe in the largely untspped potential of every individual, and will do all we can to help people realise this, based on five core values: We will recognise that all people, regardless of circumstance, are essentially good We recognise that genuine peace. compassion and happiness are inherent qualities of this inherent goodness We believe that all people are deserving of tolerance. respect and compassion We respect the value and contribution of all cultures and religions We believe that positive change can be brought about through the provision of the appropriate environment and opportunities

Samye Foundation Wales Annual Report REPORT FROM THE DIRECTORS It is clear from our finances for 2024 that there was a continued gcruggle to attract good numbers to the courses. There has definitely been more movement towards online courses. Also there was still a cost of living crisis. People were ac￿ssIng more free content online as so many people are working from home now. Lorrdine. centre manager, once again volunteered to take a drop in salary in 2024 in order to be able to make ends meet. Anthony Harris {director) was consistent in donating his valuable time and effort in delivering courses; Ann Davies (director) donated her time preparing the accounts throughout the year as well as the final accounts for examination. We are also grateful for the valuable support from loan Evans {director) and his team. who provided support for the Samye Foundation Wales website. Our centre depends on the wonderful support from our volunteers to help and maintain it. We are so grateful to the manyvolunteers. some who have full time jobs, who volunteer when they can. Our added bonus this year has been our volunteer Simon, who offered sound bathing meditation at the centre On￿ a month, and donates all monies raised to the centre. We received tremendous helpfrom our financial volunteers. and we would like to say a very big thank you to Karen who has been loyal and supportive over many years. Her help ha5 included training other finance volunteers, invoicin& overseeing the cash book and preparing the accounts each month to send to our finance director. We are also grateful to our marketing, DIY and gardening volunteers throughout the year. We now have a healthy number of 35 regular volunteers including the Trustees. Anna Polya and Anthony Harris continued to interview prospertive therapists who wished to use our centre and we thank them both for maintaining rigorous and high standards. Liev Wint on behalf of Lama Yeshe Rinpoche. Liev Wint {Gelong Thubten), Anthony Harris, Ann Davies, loan Evans, Rashpal Singh and Minu Mandora, Directors.

Samye Foundation Wales Annual Report TREASURER'S REPORT 2024 2024 was another challertgirTg year. Turnover decreased by £12k from £64k in 2023 to £52k in 2024, with no funding received at all during the year despite several applications. Course income fell by £2k from £15k to £13k, with very few Corporate courses being run in 2024. Donations also decreased from £18k to just under £14k. Room Hire income increased from £23k in 2023 to £24k in 2024. Expenses in 2024 were well-controlled and mostwere compatible with the previous year, with the exception of a few areas. Repairs and Maintenance decreased by £2k after some essential maintenance had been carried out in 2022/3. Salaries decreased by £8k, partly due to the Volunteer Co-ordinator post being discontinued halfway through the year, but mainly because the CEO voluntarily took a reduced salary. A saving of £2k was made with Advertising costs being reduced. Overall. total expenses of £64k in 2023 fell by £12k to £52k in 2024. Although 2024 was a positive year. with good growth again in the number of people visiting the centre, we are still committed to make increases in Mindfulness courses offered and to improve Room Hire turnover in 2025. With increased revenue and well-controlled expenses we hope to turn this year's small loss of £407 to a profit in 2025. As always we are grateful to Lorraine and Anthony for maintaining the on-line sessions as well as centre-based mindfulness courses. We also benefrt greatly from the various services of our loyal volunteers and supporters, without whom we could not continue to operate as we do.

Samye Foundation Wales Annual Report COMPANY SECRETARY S REPORT 2024 had been a struggle financially and although we submitted 5 funding applications to various organisations we have been unsuccessful due to the many charities applying to the same funding pots. We had a financial student in her second year working solely on funding applications with the Centre Manager. Other student volunteers helped with marketing on social media platforms. The student volunteers were very helpful. They all finished around April/May 2024 as they had exams. We had a steady group of consistent volunteers doing gardenin& indoor plants, café and DIY, as well as Good Gym volunteers every few months to do various tssks such as painting, DIY and cleaning. Good Gym have been volunteering with us Sin￿ 2015 and we are very grateful to them. Towards the end of the year the numbers of volunteers started to decrease. We have 35 regular volunteers, some are weekly but most help out as and when we need them. This is not including Good Gym that ranges between 10 and 20 volunteers at different times. To keep gas and electricity bills down the last person that leaves the building turns off the boiler. Also we had electricians install lights that are operated by sensors, which means no lights now get accidentally left on in communal areas. This helps to keep the electricity bi115 lower. Hicks and Carter Electricians completed a full elertrical inspection of the building. A new glass fire door escape was installed in the hall leading into the garden. We continued to run the free well attended mindfulness sessions on Tuesday and Wednesday mornings online via zoom. Also, the Tuesday evening free sessions at the centre and online, which sometimes had up to 20 attendees. both online and in the room. We decided to discontinue using Eventbrite as a booking system." because of the charges incurred. We now rely on PayPal, making payments through Dur website and on Meetup. All of our events are advertised on Meetup and the membership has now grown to 3,750. In-house Mindfulness classes only attrdcted between 8 and 10 people. This affected our revenue. We can only assume this was either due to the Mindfulness market becoming saturated, or a resistance to come in person to courses at the centre due to cost. Thi5 IS illustrated by an increase in the number of people attending the free classes online instead, However the 8 month Mindfulness course (32 week) attracted 14 people. A few of our volunteers donated some of their crafts to the centre. such as pottery, hand- made cards, malas, knitted goods and plant5. We contacted a buildings Inspectorfor advice and building regulations on making a fire escape route from the 2nd floor from one building into the other building. He confirmed we would be able to do this and that it didn't need planning permission. We hosted the vislt of our dirertor. Lama Yeshe Rinpoche in July. This attracted many people to the centre to meet him and attend his talk. The café then benefitted, as people bought lunch and refreshments from the café.

Samye Foundation Wales Annual Report Trustee Lama Yeshe Rinpoche continued to provide clear direction to Lorraine (Company Secretary/Centre Manager) about howto move forward with issuesthat may have arisen from time-to-time, both practical and financial. Trustee Gelong Thubten {Liev Wint) liaised regularly with Lorraine Harris, Centre Manager, to see how they could bring in more income from courses. Trustee Anthony Harris continued to lead the Therapists. Committee, and interviewed potential therapists beforethey hired space atthe centre. Also. background checks were made on the potential therapists. This involved investigating the particular therapy, their insurance, their certificates and their professional bodies. Dr Anna Polya (volunteer) sat on the interview panel with Anthony. Also, Anthony volunteered his time weekly to deliver mindfulne5S courses, involving both one-to-one sessions and group sessions. thus taising income for SFW. Anthony continued to maintain high standards at Samye Foundation Wales. Trustee Ann Davies kept the accounts up-to-date on a monthly basis and prepared the charity accounts ready for the Independent Examiner. She was also a regular support to Karen, our volunteer financial administrator. loan Evans provided invaluable guidance and offered his time to financially support the website, which is continually being updated. MINDFULNESS COURSES JANUARY2024to DECEMBER 2024 Centre Monthly Fireside Chats . 12 General Mindfulness Talks. Courses and Retreats 6 Eight-week mindfulness courses 10 One-to-one sessions with Lorraine 38 One-to-one sessions With Anthony 8 One-to-one mindfulness interviews with Anthony l Therapist room-hire interview with Anthony 2 School visits With Anthony 12 Supervision sessions with Anthony 7 Mindfulness Ret￿at Days 7 Workshops - Introduction to Mindfulness. Mindfulness with the Emotions 4 Workshops-with Gelong Thubten {director) 3 Workshops - 7 Points of Mind Training with Lama Zangmo sound bathing Workshops: 8 Users of the centre in 2024: 3.286

Samye Foundation Wales FUTURE PLANS FOR 2025 We will continue to market our room hire. using social media platforms and on our Facebook 'Cardiff Room Hire, page. We will continue to apply for funding. We intend to set up more events at the centre such as plant and book sales to attract the general public and more local residents. We would like to launch the Patreon site for sellingour MP3s. We have already set this up but need to produce more material.

Samye Foundation Wales Annual Report Structure. Governance and Management Governing document The charity is a company limited byguarantee and a registered charity, and is governed by its Memorandum and Articles of Association. Recruitment and appointment of new trustees No-one new has come forward to apply for a trustee post this year. All trustees are voted in at the AGM each year. both by a proposer and a seconder. So the eight trustees remain in post. Organisational Structure Board of Directorsftrustee5 Company Secretary CEO Volunteers Finance / General Adtnini5tration / Course Administrator / Marketing Social Media / DIY / Gardening Induction and training of trustees Each year the Company Secretary, Lorraine Harris, infomis all the trustees of workshops provided by Cardiff 3rd Sector Council {C3SC) and Wales Council for Voluntary Associations (WCVA). All trustees are offered training on these courses if they feel they need to gain more knowledge. Reference and administrative detsils General office address: 250 Cowbridge Road East Canton Cardiff CF5 IGZ Tel: [phone] Email: [e-mail] Web: www.sfwales.org

Samye Foundation Wales Annual Report ,¢ 4,:, Registered Company number 05901855 (England and Wales) Registered Charity number 1122144 Registered office 252 Cowbridge Road East Canton Cardiff CF5 IGZ Trustees Lama Yeshe Rinpoche Liev Wint Anthony Harris Ann Davies loan Evans Rashpal Singh Minu Mandora Company Secretary Lorraine Harris Independent Examiner Jason Foxwell FCCA FCIE Chartered Certified Accountant and Fellow of the Association of Charity Independent Examiners 12 Hillbourne Road Poole BH17 7JB Approved by order of the Board of Trustees on 8th July 2025 and signed on its behalf by: Lorraine Harris, Company Secretary

ALES Samye Foundation Wales Financial Statements Year-ended 31.12.24 Samye Foundation Wales. Registered Charity No. 1122144 Registered Company No. 05901855

INDEPENDEIYf EXAMIF4ER'S REPORT TO THE TRUSTEES OF SAMYE FOUNDATION WALES I report to the charity trustees on my examitMtion of the accounts of the Charitable Company tor thc year ended 31 December 2024. Responsibilities and basis of report As the charity's trustees of the Company (and also its dir¢ctors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirncnts of the Companies Act 2006 ('the 2006 Act,). Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination. I report En Tespect of my examination of your charity's a¢counts as canied out under section 145 of the Charities Act 2011 ('the 2011 Act.). In carying out my examination I have followed the Directions given by the Ch￿lty Cornm￿10n under section 145(5) Ib) of the 201 l Act. Independent examiner's statement I have completed my examination. I confirm that no mattcrs have comc to my attention in ¢onnection with the examination giving me cause to believe: a¢counting records wcrc not kept in respect ofthc Company as required by section 386 of the 2006 Act. or the accounts do not accord with those records" or the accounts do not ¢omply with thc accounting requirements of s¢ction 396 of the 2006 Act other than any requir¢m¢nt that th¢ accounts give a 'true and fair vicw which is not a matter considered as part of an independent cxaminatlon" or the accounts have not becn prcpared in accordance with the methods and principles of the Statement of Recommendcd Practice for accounting and rq)orting by ¢lwAties [appli.cablc to charities prcparing their accounts in a¢cordanc¢ with thc Financial R￿ortIng Standard applicable in the UK and Republic of Jrcland (FRS 102)]. I have no concerns and havc come across no othcr matters in connection with th¢ examination to which attention should bc drawn in this report in order to enable a proper understanding of the accounts to bc reached. Jason Foxivell FCCA FCIE 12 Hillboume Road, Poole BH17 7JB independcnt-examiner.n¢t Date: 5 August 2025

Sam e Foundation Wales Financial Statements for the ear ended 31.12.24 Statement of Financial Activitigs Inco an Income and ndithre Account Yle 31_12_24 Yle 31.12.23 Income Donations 13.923 17,795 Fund-raising Donations Course Donations 13.084 38.412 15,339 Shop sales 879 71 Room Hire Income 24.449 22,790 Other Income Note 3 7,585 Total IncomE 52.335 63,580 enses Salaries Note 6 30.488 38,667 Rent paid Office Expenses 1.574 1.177 Course Expenses 438 770 Heat Light & Power 1.638 1,312 Business & Vvaler rdtes 1.5 1,107 Repairs & Maintenan 679 2,147 Room Hire Insuran 1.183 1,145 Telephone 577 1,171 Advertising & Marketing costs 1.197 3,202 Legal & Professional fees 420 Equipment Depreciation Subscriptions & Donations 540 Event Costs Training 206 Interest Paid 7,533 7,809 Depreciation 4.&21 4,821 Tolal Expenses 52.742 64.294 Net Movement in Funds -714

Sam e Foundation Wales Financial Statements for the Reg. No. 05901855 ear ended 31.12.24 Balance Sheet Yle 31_12_24 Yle 31.12.23 Fixed Assets Building Costs Noie 7 203.419 203.419 208.040 208,040 Current Assets Bank Account Cash on Hand Debtors 3.085 73 117 3.417 61 224 3.275 3.702 Current LiabilitÉes Creditors Triodos Loan Ibalance due within one year) Note 8 3.124 5.309 2,180 5,309 8.433 7,489 Lon term Liabilities Triodos Loan Note 9 140.167 145,751 140.167 145.751 Net Assets (Liabilities) 58.094 58,502 Reserves Unreslricled funds 58.094 58,502 Reserves 58.094 58,502 For the yeai ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The membeis have not required the company to obtain an audit in accordan￿ wittpseclion 476of the Companies Act 2006. The Iruslees acknowledge their responsibilities for lal ensuring that the charitable company keeps a￿U￿tIng records that comply with Sections 386 and 387 of the Companies Act 2006 and preparing financial slalemerts whith give a true and fair view of the stste of affairs of the charitable company as at the end of each financial year and of its suo)lus or deftiifor each finan(ial year In accordance with the requirements of Sections 394 and 395 and which Othe￿￿£ compty the requirements of the Companies Act 2006 relating lo financial slalements:.s0 fai as applicable to the charitable company. Ibl These financial statements have been prepared in aC￿rdan￿ wth the provisions applicable to d￿ritable companies subject lo the small Companies regime. The financial statements were approved for issue by the Board of Trustees on ........ by.. Qo25 and were signed on ils behalf A R Davies A S A Harris

Sam e Foundation Wales Notes to the Financial Statements for the ear-ended 31.12.24 STATUTORY INFORMATION Samye Foundation Wales is a company limited by guarantee incorporated in W21es within the United Kingdom. The liability of each member is limi￿1 to £1. The ￿Estered Offi￿ is 252 Cowbridge Road East, Cardiff CF5 1 GZ. The principal activity and nature ot the charities operations is to provide mindfulness training lo people to help alleviate stress and anxiety and wnprove mentsl health and vdPI)eing. The financial statements are presented in sterling (£}. the companys fvnrAional ajtrellw, and rounded lo the nearest pound. The significant accounting poliues awld in the preparation of these financial stalemenls are sel out below. These policies have been consistenty ap￿led to all years p￿sented unle&s otherwise slated. ACCOUNTING POLICIES Basis of Preparing the Financial Slatements The financial statements of the chantable company, is a public benefft entsty under FRS 102, have been prepared In accordance wilh the Charities SORP {FRS 1021 A(xx)unting arKI Reporting by Charities.. Statement of Recommended PracliTr applicable to Chariiies prepanro their a{￿OUn￿ in accordance with the Financial Reporting Standard applicable in UK arKI Republic of Ireland {FRS 102) (effective 1" January 20191 Financial Reporting Standard 102 The Financial Reporting Standard appli(xble in the UK and Republic of Ireland. and the Companies Act 2006. The financial statements have I￿en prepared under the historical cost convention. The charity has tsken advantage of the exempti(m5 avaitable to smaller chanties. There have been no material departures from Financial Reporting Standatd 102. S2mye Foundation Wales mts definitmjn of a wblic L￿effl entity as demonstrated within the report of the Trustees. Income All income is recogntsed in the Statement of Finanual A(vilies once thecharity has enlitlemenl lo the funds. 11 is probable that the income will be received. and the amount (xne n*asured reliably. Donations and Legacies Income Donations and Legacies ate accounted as incomiThJ resour￿ upon ￿£1pt or when the receipt is prohable, and the amount reTrivable can be estimated reliably. Such income is onty deferred when the donor specifies it musl be used in future accounting tErK)ds or the donor has imposed condrtions which rnugt be met before the charity has unconditional enlitleTWIt. Charitable Activities Income from charitable activities indudes income received under contract or vthere entitlement lo grant funding Is subject lo specific performan￿ conditions. This income is recognised vrt￿re there is entillemenl, when the receipt is probable, and the amount can be measured rebably- Income is deferred when the amounts re￿iVed are in advance of the perfotrnan￿ of the service or event to whth tlw relate.

Sam e Foundation Wales Notes to the Financial Statements for the ear-ended 31.12.24 ACCOUNTING POLICIES- continued Investment Income Investment income is recognised on a re￿1vable basis. Expenditure Liabillities are recognised as expenditure as soon as there is a legal or construcbve obligation commilling the charity to that expenditure. It is probable that a transfer of economic berefits be required in settlement and the amount of the obligation be measured reiiabty. Expermjiture is accounted for on an accruals basis and has been classified undet he2diNJs that aggregate all costs relth.ng to the category. Expenditure includes VAT as the chariiy is not VAT registered. Financial Instruments The charity only has financial assets and financial liabilities of a kind that qualrfies as basic financial instruments Basic financial instruments are in￿"allY recognised at transaction value and subs8]uenlly measured 81 their settlement value. Debtors Trade debtors and other debt0￿ are recognIs￿ at the settlement amount due after any trade discounts offered. Prepayments are valued at the arnourrt prepaid net of any trade disu)unts due. Creditors Creditors are recognised vthere Ihe charrty has a present obligation resulling from a past event that will probably result in the transfer of funds to a third party and the amount due to settle thè obligation can be measured or estimated reliably. Creditors are no￿allY re￿Jn1Sed at their settlement amount after allowing for any trade discounts due. Tangible Fixed Assets Fixed assets are initially recorded at C05t. Depreciation is calculated so as to write off the cost of an asse( less its estimated residual value, over the useful economic life of that asset. follows=_ Buildings - 2 /0 on cost Pensions The Charity operates a defined contribution pension scheme for employees. The assets of the scheme are held separately from Ihosa of the charity. Contributions payable for the year are ch2rged in the Statement of Financial Activities. Fund Accounting Unreslricled funds are available for use at the trust￿. discretion for any putpose within the objects of the charity.

Sam e Foundation Wales Notes to the Financial Statements for the ear-ended 31.12.24 OTHER INCOME 2024 2023 Grants 7,585 Grants received, included in the above. are as follows CS3 Funding National Lottery Funding 1,500 6,085 NET INCOMEI(EXPENDITURE) Net Incomel(Expenditure) is stated after Chargin￿{credib"ng): 2024 2023. Depreciation Independent Examinerfs fee 4.621 480 5.101 4,621 420 5,041 TRUSTEES, REMUNERATION AND BENEFITS There were no Trustees. remuneration or other benefits for the year ended 31 DeTrmber 2024 or for the year ended 31 December2023. Trustees. Expenses There were no Trustees. expenses for the year ended 31 December 2024 or for the year ended 31 December 2023. STAFF COSTS 2024 2023 Wages and salaries Social security costs Other pension costs 28.812 36,672 1,676 30,488 1,995 38,667 The average monthly number of employees during the year was as follows".- 2024 2023 No employees received emoluments in excess of £60k TANGIBLE FIXED ASSETS Land & Buildings COST At 31 December 2023 231,053 At 31 December 2024 231,053 DEPRECIATION At 31 December 2023 Charge for the year 23,013 4,621 At 31 December 2024 27,634 NET BOOK VALUE As at 31 December 2023 208,040 As at 31 December 2024 203,419

Sam Foundation Wales Notes to the Financial Statements for the ear-ended 31.12.24 CREDITORS AMOUNTS FALLTr4G DUE WttHIN ONE YEAR 2024 2023 Social security and othertaxes Other creditors Accruals and deferrgd inl￿rne 1,689 505 930 3,124 1,324 356 500 2,180 LOANS 2024 2023 LOANS 145,476 151,060 Due < 1 year Due 2- 5 years Due > 5 years 5,309 24,137 116,030 145,476 5,309 24,137 121,614 151,060 The loan is secured by a fi￿1 I￿1 tharge on the proputy. 10. PENSION COMMITMEMTS The charity operates a defin￿ (x)ntiibuiM)n benefrt sthem& The assets of the scheme are held separately from those of the charity in indeperKlenlly administered funds. Pension costs are apportioned to both activities and betsjeen unrestricted and restric￿ fwKts in proporlK)n to the related staffing costs incurred. The pension cost charge represents contribuiions paid ty the charity to the fund and amounted to £1,676 (2023 £1.995). Contributions outstanding at Ihe year-end amount￿1 lo £197 {2023 £88) 11. RELATED PARTY DISCLOSURES The tolal key managern￿t personnel rernuneralion paid duriry the year was £30,488 (2023 £38,667} The total unconditional IlrmatK)ns made to Ihe tharity ty its tnth arnount￿ to £1,31012023 £3,450) Payments of £Nil were made to dose family memb&s ot trustee% 4uiirvJ the year12023 £Nil)