Samye Foundation Wales
Annual Report / ¢0°,
ANNUAL REPORT
JANUARY 2024 to DECEMBER 2024
Contact Details:
250 Cowbridge Road East. Canton. Cardiff CF5 IGZ
Tel: 029 2022 8040
ema il: lorraine@sfviales.org
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: 029 2022 8040
Email: admin@sfwales.org
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 awl*d 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 m*ts 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 (xn*e 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)