Charlty registratlon number 1126476
Company registration number 06688355 (England and Wales)
HARNHAM BUDDHIST MONASTERY TRUST
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

HARNHAM BUDDHIST MONASTERY TRUST
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
Mr. P K Hansen
Ms. P M Padbury
Dr. M Pearce
Mr. J T Bower
Mr E P Duncan
Mr R E Wllard
Secretary
Mrs. P B Wakefield Pearce
Charlty number
1126476
Company number
06688355
Registered offlce
2 Harnham Hall Cottages
Hamham
Belsay
Newcastle Upon Tyne
Tyne And Wear
United Kingdom
NE20 OHF
Independent examlner
Simon Brown BAACA DChA
Azets Audit Services
Bulman House
Regent Centre
Gosforth
Newcastle Upon Tyne
NE3 3LS

HARNHAM BUDDHIST MONASTERY TRUST
CONTENTS
Page
Trustees, report
Statement of trustees, responsibilities
Independent examiner's report
Statement of financial activities
Summary income and expenditure account
Balance sheet
Notes to the financial statements
9-22

HARNHAM BUDDHIST MONASTERY TRUST
TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT)
FOR THE YEAR ENDED 31 DECEMBER 2024
The trustees present their report and accounts for the year ended 31 December 2024.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the
financial statements 8nd comply with the trust's goveming document, the Companies Act 2006 and "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)
(effective 1 January 20191"
Objectives and activlties
The primary objective of the Trust is to promote the teachings of the Buddha 'by providing, maintaining and
supporting, in accordance with the Theravada Vinaya, residential establishments for a Monastic Sangha of
persons who have undertaken the rules of training (Sikkhapada) and to support lay people in the praclice of the
teachings of the Buddha,.
The policies adopted in furtherance of this objective is detailed in appendix 1.
The trustees have paid due regard to guidance issued by the Charity Commission in deciding what artivities the
trust should undertake in order to further the charitable purposes for the public benefit.
Details of the activities of the charity during the year are included at 8ppendix 1.
Achlevements and performance
Details of the achievements of the charity during the year are included in appendix l.
Flnan¢lal revlew
The transactions and financial position of the charity are shown in pages 4 to 20 of the accounts.
11 is the policy of the trust that unrestricted funds which have not been designated for a specific use should be
maintained at a level equivalent to be￿een three and six month's expenditure which equates to £40,000
£80,000. The trustees consider that reserves at this level will ensure that, in the event of a ￿gnificant drop in
funding, they will be able to continue the trust's current activities while consideration is given to ways in which
addits'onal funds may be raised. This level of reserves has been maintained throughout the year and at the year
end free reserves were.
The trustess can invest any sums or investments received by them in investments in which they are by law
authorised to invest trust money with the power from time to time to change for others of a like nature.
The trustees have assessed the major risks to which the trust is exposed, 8nd are satisfied that systems are in
place to mitigate exposure to the major risks.
After making appropriate enquires. the trustees have a reasonable expectation that the Charity has adequate
resources to continues in operational existence for the foreseeable future. For Ihis reason they continue to adopt
the going concern basis in preparing the financial ststements.
Structure. governance and management
The trust is a company limited by guarantee.
The trustees, who are also the directors for the purpose of company law, and who served during the year were:
Mr. P K Hansen
Ms. P M Padbury
Dr. M Pearce
Mr. J T Bower
Mr E P Duncan

HARNHAM BUDDHIST MONASTERY TRUST
TRUSTEES. REPORT (CONTINUED)(INCLUDING DIRECTORS. REPORT)
FOR THE YEAR ENDED 31 DECEMBER 2024
Mr R E Wllard
The members of the charity may by ordinary resolution at an annual or extraordinary general meeting appoint
and remove directors.
None of the trustees has any beneficial interest in the company. All of the trustees are directors of the company.
The day to day management of the monastery is overseen by the Monastery Committee which consists of some
of the resident monks (including one who is a Member of Harnham Buddhist Monastery Trust) and the office
administrator. The Monastery Committee meets every 2 weeks. One of the Directors is also a member of the
Monastery Committee but doesnl generally attend. The Directors receive the Monastery Committee minutes.
The office administrator is the only employee at present. Pay is reviewed annually at the summer Harnham
Buddhist Monastery Trust Directors meeting. Pay is increased in line with current trends and agreed by the
Directors, with approval of the members.
The Hamham Buddhist Monastery Trust succeeded the M8gga Bhavaka Trust in running the monastery.
Publlc Benefit
The trustees have referred to the guidance in the Charity Commission's general guidance on public benefit when
reviewing the aims and objectives and in planning future activities. The charitable objectives are also set in order
to provide a clear and demonstrable public benefit.
The trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to
have due regard to the public benefit guidance published by the Charity Commission for England and Wales.
Auditor
A resolution proposing that Simon Brown BAACA DChA be reappointed as independent examiners of the
company will be put to the members.
The report has been prepared having taken advantage of the small companies exemption in the Companies Act
2006.
If of the board of trustees
Mr.J
Trustee
Bower
Ci

HARNHAM BUDDHIST MONASTERY TRUST
STATEMENT OF TRUSTEES, RESPONSIBILITIES
FOR THE YEAR ENDED 31 DECEMBER 2024
The twstees are responsible for preparing the Trustees, Report and the accounts in awordance with applicable law
and United Kingdom Accounting Standards Else Endifj (United Kingdom Generally Accepted Accounting Practice).
Company law requires the trustees to prepare accounts for each financial year which give a true and fair view of the
state of affairs of the trust and of the incoming resources and application of resources, including the income and
expenditure, of the charilable company for that year.
In preparing these accounts, the trustees are required to:
select suitable accounting policies and then apply them consistently.
observe the methods and principles in the Charities SORP.
make judgements and estimates that are reasonable and prudent; and
prepare the accounts on the going con￿rn basis unless it is inappropriate to presume that the trust will continue in
operation.
The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at
any time the financial position of the trust and enable them to ensure that the account5 comply with the Companies
Act 2006. They are also responsible for safeguarding the assets of the trust and hen￿ for taking reasonable steps
for the prevention and detection of fraud and other I￿egular1tie$.

HARNHAM BUDDHIST MONASTERY TRUST
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF HARNHAM BUDDHIST MONASTERY TRUST
I report to the truslees on my examinats'on of the financial statements of Hamham Buddhist MonaSt￿Y Trust (the
trust} for the year ended 31 December 2024.
Responsibilltles and basis of report
As the trustees of the twst (and also its directors for the purposes of company law) you are responsible for the
preparation of the financial statements in accordan￿ with the requirements of the Companies Act 20IA (the 2006
Act).
Having satisfied myself that the financial statements of the trust are not required to be audited under Part 16 of the
2006 Act and are eligible for independent examination, I report in respect of my examination of the trust's financial
statements carried out under section 145 of the Charities Act 2011 (the 2011 Act). In carying out my examination I
h8ve followed all the applicable Directions given by the Charty Commission under section 145{5)(b) of the 2011 Act.
Independent examiner's ststement
Since the trust's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145
of the 2011 Act. I confirm that l am qualified to undertake the examination because l am a member of The Instrtute
of Chartered Accountsnts in England & Wales. vlhich is one of the listed bodies.
I have completed my examin8tion. I confinn that no matters have come to my attention in connection with the
examination giving me cause to believe that in any material respect:
accounting records were not kept in respect of the trust as required by section 386 of the 2006 Act," or
the financial statements do not accord with those records. or
the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other
than any requirement that the accounts give a true and fair view which is not a matler considered as part of an
independent examination,. or
the financial statements have not been prepared in accordance with the methods and principles of the
statement of Recommended Pradice for accounting and reporting by charities applicable to charities
preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK a
Republic of Ireland (FRS 102}.
I have no concems and have come across no other matters in connection with the examination to vthlch attention
should be
awn in this report in order to enable a proper understanding of the financial statements to be reached.
Slmon Brown BA ACA D
Azets Audit Services
Bulman House
Regent Centre
Gosforth
Newcastle Upon Tyne
NE3 3LS
Dated..
Azets Audrt ServI￿s is a trading name of Azets Audit Servios Limited.

HARNHAM BUDDHIST MONASTERY TRUST
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 DECEMBER 2024
Current rinanclal year
Unrestrlcted Restricted Endowment
funds
funds
funds
2024
2024
2024
Total
Totsl
2024
2023
Notes
Donations and legacies
Investments
215,034
11,844
332,595
12,312
559,941
11,844
179,188
6,707
Total income and endowments
226,878
332,595
12,312
571,785
185,895
Charitable activities
146,177
15.894
162,071
174,009
Net gainsl(losses) on investments
(11)
(11)
3,479
Nat Incoming resourc•s before
transfers
80,690
318,701
12,312
409,703
15,365
Net Incomlng resources before
transfers
80,690
316,701
12,312
409,703
15,365
Gross transfers bebNeen funds
(242)
242
Net movement In funds
80,448
316,943
12,312
409,703
15,365
Fund balances at 1 January 2024
2,062,206
50,758
4,023
2,116,987
2.101.622
Fund balances at 31 December 2024
2,142,654
367,701
16,335 2,526,690
2,116,987
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure deriv8 from continuing activities.

HARNHAM BUDDHIST MONASTERY TRUST
STATEMENT OF FINANCIALACTIVITIES (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Prior flnanelal year
Unrnstrlcted Restrlcted Endowment
funds
funds
funds
2023
2023
2023
Total
2023
Notes
Income from:
Donations and legacies
Investments
150.571
6,707
28,617
179,188
6,707
Total income and endowments
157,278
28,617
185.895
Charitable activities
141.612
32,397
174,009
Net gainsl{losses) on investments
3,479
3,479
Net incoming resources before trdnsfers
19,145
(3,780)
15,365
Gross transfers between fvnds
6.320
(6,320)
Net movement in funds
25,465
(10,100)
15,365
Fund balances at 1 January 2023
2,036,741
60.858
4,023
2.101,822
Fund balances at 31 December 2023
2,062,206
50,758
4,023
2,116,987

HARNHAM BUDDHIST MONASTERY TRUST
BALANCE SHEET
AS AT 31 DECEMBER 2024
2024
2023
Notss
Fixed assets
Tangible assets
Investments
11
10
1.615.319
80,611
1.634,494
77,249
1,695.930
1,711,743
Current ass•ts
Debtors
Cash at bank and in hand
12
329,898
508,899
13,438
403,730
838.597
417,168
Creditor5: amounts falllng due wlthln
one year
13
{7,837)
{11,924)
Net current assets
830,760
405,244
Totsl assets less current liabilitias
2,526,690
2,116,987
Capital funds
Endowment funds - general
Income funds
Restricted funds
Unrestricted fun
Designated funds
General unrestricted funds
16
16,335
4,023
17
367.701
50.758
18
489,096
1,653,558
411,904
1,650,302
2,142,654
2,062,206
2,526.890
2,116.987

HARNHAM BUDDHIST MONASTERY TRUST
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2024
The company was entitled to the exemption from the audit requirement contained in section 477 of the Companies
Act 2006 relating to small companies, for the year ended 31 De￿mber 2024.
The dir8Ctors acknowledge their responsibilities for ensuring that the charity keeps accounting records which
comply with section 386 of the Act and for preparing financi81 statements which give a true and fair view of the state
of affairs of the company as at the end of the financial year and of its incoming resources and application of
resources, including its income and expenditure, for the financial year in accordance with the requirements of
sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to
fjnancial statements, so far as applicable to the company.
The members have not required the company to obtain an audit in accordance wth section 476 of the Companies
Act 2006.
These financial statements have been prepared in accordance with the provisions applicable to companies subject
to the small companies regime.
The financ.
statements were approved by the Trustees on .
Tr
Company registration number 06688355

HARNHAM BUDDHIST MONASTERY TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Accounting policles
Charlty information
Hamham Buddhist Monastery Trust is a private company limited by guarantee incorporated in England and
Wales. The registered Offi￿ is 2 Hamham Hall Cottages, Hamham. Belsay. Newcastle Upon Tyne, NE20 OHF.
1.1 Accountlng Convention
The financial statements have been prepared in accordance with the trust's goveming document. the
Companies Act 2006 and "Accounting and Reporting by Charities.. Statement of Recommended Practice
applicable to charities preparing their accounts in accordan￿ with the Financial Reporting Stand8rd
applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)" The trust is a Public
Benefit Entty as defined by FRS 102.
The disclosure requirements of Section 1A of FRS 102 have been applied other than where addttional
disdosure is required to show a true and fair view.
The charity has taken advantsge of the provisions in the SORP for charities not to prepare a Ststanent of
Cash Flows.
The financial statements are prepared in sterling, which is the functional currency of the trust. Monetary
amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical Cost convention, modified to include
investments at fair value. The principal accounting policies adopted are set out below.
1.2 Going concern
At the time of approving the financial ststements, the trustees have a reasonable expectation that the twst
has adequate resources to continue in operational existence for the foreseeable future. Thus the trLBtees
continue to adopt the going concern basis of accounting in preparing the financial statements.
1.3 Charttable funds
Designated funds comprise funds which have been set aside at the discretion of the trustees for specific
purposes. The purposes and uses of the designated funds are set out in the notes to the financial ststements.
Endowment funds and restricted funds are subject to specific conditions by donors as to how they may be
used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

HARNHAM BUDDHIST MONASTERY TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Accounting pollcles
(Continued
1.4 Income
All income is recognised once the Trust has entitlement to the income. it is probable that the income will be
received and the amount of income receivable can be measured reliably.
Donations, are re¢ognised when the Trust has been notified in writing of both the amount and settlement date.
In the event that a donation is subject to conditions that require a level of performance before the Trust 1$
entitled to the fund, the income is deferred and not recognised until either those conditions are fully met, or the
fulfilment of those conditions is wholly within the control of the charity and it is probable that those conditions
will be fvjlfilled in the reporting period. Income tax recoverable in relation to donations received under Gift Aid
15 recognised at the time of the donats'on.
Legacy gifts are recognised on a case by case basis following the grants'ng of probate when the administratorl
executor for the estate has communicated in writing both the amount and settlement date. In the event that
the gift is in the fomi of an asset other than cash or a financial asset traded on a recognised stock exchange,
recognition is subject to the value of the gift being reliabty measureable with a degree of reasonable accuracy
and the title to the asset having been transferred to the charity.
Interest on funds held on deposit is included vthen receivable and the amount can be measured reli8bly by the
Trust., this is nomally upon notrfication of the interest paid or payable by the bank.
Assets given for use by the trust are recognised when receivable.
The Trust benefits greatly from the involvement and enthusiastic support of its many volunteers, details of
vthich are given in our annual report. In accordan￿ with FRS 102 and the Charities SORP {FRS 102), the
economic contribution of general volunteers is not recognised in the accounts.
Assets given for use by the trust are recognised when receivable.
1.5 Expondlture
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefrt to
third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of
the obligation can be measured reliably.
Expenditure is classified by activity. The costs of each activity are made up of the totsl of dir&t costs and
shared costs, induding support costs involved in undertaking each activty. Direct costs attributsble to a single
activity are allocated directly to that activity. Shared costs which contribute to more than one activity and
support costs whith are not attributable to a single activity are apportioned be￿een those activitres on a basis
consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and
depreciation charges are allocated on the portion of the a&%et's use.
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the
Trust to that expenditure, it is probable that settlement will be required and the amount of the obligats'on can be
measured reliably.
The policy for including items within the fundraising and charitable activities is on an accrual basis.
Charitsble activities comprise of expenditure associated with promoting the te£¢hings of Buddha and include
both the direct costs and costs of an indirect nature necessary to support such activities.
Governance costs indude those costs associated with meeting the constitutional and statutory requirements
of the charity and include the independent examination fees.
10-

HARNHAM BUDDHIST MONASTERY TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Accountlng pollcles
(Continued)
1.6 Tanglble flxed assets
Tangible fixed assets are initially measured at cost, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their
useful lives on the following bases=
Freehold buildings
Solar Panels
Other fixtures, fittings & equipment
1 Oh straight line
4Q/o straight line
25O/c+ Straight line
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds
and the carrying value of the asset, and is recognised in the statement of financial activities.
1.7 Fixed asset investments
Fixed asset investments are initially measured at transaction price exduding transaction costs, and are
subsequently measured at fair value at each reporting date. Changes in fair value are recognised in net
incomel(expenditure) for the year. Transaction costs are expensed as incurred.
1.8 Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-temi liquid
investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown
within boffowings in current liabilities_
1.9 Financial Instruments
The trust has elected to apply the provisions of Section 11 'Basic Financial Instruments. and Section 12 '0ther
Financial Instruments Issues, of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the trust's balance sheet when the trust becomes party to the
contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when
there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net
basis or to realise the asset and settle the liability simultaneously.
Basic financlal assets
Basic financial assets, which indude debtors and c2sh and bank balances, are initially measured at
transaction pri￿ including transaction costs and are subsequently carried at amortised cost using the effective
interest method.
Basic financlal liabilities
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless
the arrangement constitutes a financing transaction, where the debt instrument is measured at the present
value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable
within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or ServI￿S that have been acquired in the ordinwy course of
operations from suppliers. Amounts payable are classifie(J as current liabilities rf payment is due within one
year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at
transaction price and subsequently measured at amortised cost using the effective interest method.
11

HARNHAM BUDDHIST MONASTERY TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Accountlng policies
{Contlnued
Derecognition of financlal liabilities
Financial Ilabilities are derecognised when the trust's contractual obligations expire or are discharged or
cancelled.
1.10 Leases
Leases are classified as finan￿ leases whenever the terms of the lease transfer substsnts'ally all the risks and
rew8rds of ownership to the lessees. All other leases are classified as operating leases.
Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of
inception and the present value of the minimum lease payments. The related liability is included in the balance
sheet as a finan￿ lease obligation. Lease payments are treated as consisting of capital and interest
elements. The interest is charged to net incomel{expenditure) for the year so as to produce a constant
periodic rate of interest on the remaining balance of the liability.
Rentals payable under operating leases, including any lease incentives received, are charged as an expense
on a straight line basis over the term of the relevant lease.
1.11 Taxatlon
As a registered charity, the company is exempt from income and corporation tax to the extent that its income
and gains are applicable to charitable purpose only.
1.12 Funds structure policy
The charity maintains a general unrestricted fund which represents funds which are expendable at the
discretion of the trustees in furtherance of the objects of the chanty.
Designated funds comprise funds which have been set aside at the discretion of the trustees for specrfic
purposes. Such designated funds may be held in order to finance both working capit81 and capital investment.
Funds designated for a particular purpose by the charity are also unrestricted.
Endowment funds are subject to specific conditions by donors that the capital must be maintsined by the trust.
Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and
uses of the restricted funds are set out in the notes to the accounts.
1.13 Investment Income
Bank interest is included in the income and expenditure account on a receivables basis.
Critical accountlng estlmates and judgements
In the application of the trust's accounting policies, the trustees are required to make judgements, estimates
and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other
sources. The estimates and associated assumptions are based on historical experience and other factors that
are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting
estimates are recognised in the period in which the estimate is revised where the revision affects C￿lY that
period, or in the period of the revision and future periods where the revision affects both current and future
periods.
12-

HARNHAM BUDDHIST MONASTERY TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Donatlons and legacies
Unrestrlcted Restrfcted Endowment
funds
funds
funds
general
Total
2024
Total
2023
Donations and gifts
215,034
332,595
12.312
559,941
179,188
For the year ended 31 December
2023
150,571
28,617
179,188
Investments
Unr•strict•d Unrestrlcted
funds
funds
2024
2023
Distributions from bond
Interest receivable
3.886
7,958
3,492
3,215
11,844
6,707
13-

HARNHAM BUDDHIST MONASTERY TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Charltsble actlvltles
Unrestricted
funds
Restrlcted
fund8
Total
2024
Total
2023
Expenses to promote teachings of the Buddha..
Staff costs & expenses
Rent and rates
Light and heat
Insurance
Repairs
Office admin
Telephone
Motor
Travel
Legal fees
Sundry
Bank charges
Household expenses
Depreciation
Events and retreats
Governance costs
Items of religious significance
Profivloss on disposal of fixed assets
Publication expenses
Bhikkhu Welfare & Pavarana expenses
Breakfast expenses
Miscellaneous expenses
Dana expenses
Publication expenses
Kitchen expenses
study & travel
13,150
8,430
32,316
7,257
18,623
1,772
2,895
10,712
1,797
683
6,707
1,043
6,952
22,302
1,035
4,436
1,066
892
4,109
13,150
8,430
32,316
7,257
18,623
1,772
2,895
10,712
1.797
683
6,707
1,043
6,952
22,302
1,035
4,436
1,066
892
4,109
7,928
3,131
1.955
938
486
640
816
12,600
7,868
32,413
6,468
22,215
4.114
2,428
8,073
1,133
1,970
327
8,393
22,957
3.076
4,140
2,256
280
456
7,753
5,381
10,895
994
2,217
4,561
796
7,928
3,131
1,955
938
486
816
146.177
15,894
162,071
174,009
The total charitable activities expenditure totalled £162,071 (2023 - £174,009) of which £146.177
was unrestricted (2023 - £141,612) and £15,894 was restricted {2023 - £32,397).
Included in governance costs is an independent examination fee of £4,436 (2023 - £4,100). Other
financial services perfomied by the ind6pendent examiner in the year totalled £683 (2023 - £444)
and are included in legal fees.
Trustees
None of the trustees (or any persons connected with them) received any remuneration during the year, but 1
of them was reimbursed a total of £69 (2023 .'£144) travelling expenses.
14-

HARNHAM BUDDHIST MONASTERY TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Employees
Number of employees
The average monthly number of employees during the year was:
2024
Number
2023
Number
Office Administrators
Employment costs
Wages and salaries
Social security costs
Other pension costs
2024
12,188
2023
11,985
360
205
178
12,456
12,550
There were no employees whose annual remuneration was £60.000 or more.
Net gainslllosses) on Investments
Unrestrlcted
funds
Total
2024
2023
Revaluation of investments
(11)
3.479
Taxatlon
The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section
252 of the Taxationof Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.
15-

HARNHAM BUDDHIST MONASTERY TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
10 Fixed asset investments
Llsted
Investments
Cost or valuation
At 1 January 2024
Additions
Valuation changes
77,249
3,373
(11)
At 31 December 2024
80,611
Carrylng amount
At 31 December 2024
80,611
At 31 December 2023
77,249
2024
2023
Listed investrnents carrying amount
80,611
77,249
The market value of an investment was measured by reference to a listed unit price at the year end 31
December 2024. the historical cost of the investment is £90,041 (2023.. £86,155)
At 31st Decernber 2024 the following individual investments market value exceeded 5% of the total portfolio
market valuation.
Royal London Corporate Bond - £80,611
16-

HARNHAM BUDDHIST MONASTERY TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
11 Tangible fixed assets
Freehold
buildings
Solar
Panels
Other
flxtures,
flttlngs &
equlpment
Totsl
Cost
At 1 January 2024
Additions
Disposals
1,738,211
10,300
104,939
4,020
(1,189)
1,853,450
4,020
(1,189)
At 31 December 2024
1.738,211
10,300
107,770
1,856,281
Depreciatlon and Impairment
At 1 January 2024
Charge for the year
On disposals
124,504
12,795
5,356
412
89,097
9.095
(297)
218,957
22,302
(297)
At 31 December 2024
137,299
5,768
97,895
240,962
Carrylng amount
At 31 December 2024
1,600,912
4,532
9.875
1.615.319
At 31 December 2023
1,613,707
15,843
1.634.494
12 Debtors
2024
2023
Amounts falllng due within one year:
Other debtors
Prepayments and accrued income
11,123
318,575
9,590
3,848
329,698
13.438
13 Credltors: amounts falling due withln one year
2024
2023
Trade creditors
Other creditors
Accruals and deferred income
2,718
3.414
2,528
5,984
5,119
7,837
11,924
14 Deferred Income
Deferred income is included in the financial statements as ft)Ilows:
17-

HARNHAM BUDDHIST MONASTERY TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
14 Daforred Income
Icontinued)
Movements in the year..
Deferred income at 1 January 2024
Released from previous periods
Resources deferred in the year
50
(50)
307
(307)
50
Deferred income at 31 De￿rnber 2024
50
15 Retlr•ment benefit schemes
The trust operates a defined contribution pension scheme for all qualifying employees. The assets of the
scheme are held separately from those of the trust in an independently administered fund.
The charge to profit or loss in respect of defined contribution schemes was £178 (2023.. £205).
16 Endowment funds
Endowment funds represent assets which must be held pemanently by the trust. Any capitsl gains or losses
arising on the assets form part of the fund.
Movement
In funds
Incomlng
Balance at
resources1 January 2024
Movement
in funds
Incorning
Balance at
resources 31 Decembpr
2024
Balance at
1 January 2023
Pomianent endowments
Endowment fund
4,023
4,023
12,312
16,335
4,023
4,023
12,312
16,335
18-

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HARNHAM BUDDHIST MONASTERY TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
18 Deslgnatsd funds
The income funds of the charity include the following designated funds which have been set aside out of
unrestricted funds by the trustees for specific purposes:
Movement in funds
Incomlng
Resourc•s
expended
Balance at
1 January 2024
Transfe
Balance at
31 Dacomber
2024
Long Temi Reserve Fund
Designated Culinary Fund
Ageing Samanas Fund
Short Term Reserve Fund
Replacement Fund
Project Fund
Publication Fund
243,687
1,785
109,342
25,000
14,451
13,014
4,625
74.720
318,407
1.117
109,342
30,000
14,451
11,154
4,625
(668)
5,000
8.400
(10.260)
411.904
88,120
(10.928)
489,096
Long Tem ReSe￿e Fund: For improvements of existing buildings. purchase of additional propety or land
and any other use al the discretion of Luang Por Munindo.
Designated Culinary Fund: Used for soya milk, packed lunches and other kitchen items.
Ageing Samanas Fund., Intended to provide the financial support necessary for resident ailing andlcr aged
Samanas of the charity to be able to continue living the renunciant life as fully as possible within the
Hamham Community or if not practical. elsewhere.
Short Term Reserve Fund: An emergency fund to cover 3 months running costs.
Replacement Fund: For items in regular use that need replacing.
Project Fund: For small building projects.
Publication Fund: For publication costs.
19 Share capital
The company does not have share capital and is limited by guarantee. In the event of the company being
wound up the maximum amount which each member is liable to contribute is £1.
-20-

¢4 fo t
-0

HARNHAM BUDDHIST MONASTERY TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
21 Operating18ase commitments
At the reporting end date the trust had outstanding commrtments for future minimum lease payments under
non-cancellable operating leases, which fall due as follows..
2024
2023
22,048
3,384
22 Rèlated party transactions
Remuneratlon of key management personnel
The remuneration of key management personnel is as follows.
2024
2023
Aggregate compensation
12,456
12,550
There were no other related paty tran5action5 in the year.

Harnham Buddhist MonasteryTrust
Trustees Annual Report 2024
The Trustees of Harnham Buddhist Monastery take this opportunityto offer our be5twishes to
the extended communityof friends and supporters andto report on the artivities of the monastery
and the Trurtduring2024.
Weare sincerely indebtedto the laysupporters fortheirongoingsupportandtothe sangha fortheir
continued inspiring presence, commitment and willingness to share their experience of the Buddha's
path with us.
This report provides information aboutthe organisation of the monastery and its resident community
togetherwith details of the activities undertaken during 2024. A summaryof our financial situation is
also included.
The Trust
Harnham Buddhist Monastery Trust (HBMT) is a Registered Charity (no.1126476) and a
Company Limited by Guarantee (no.6688355) and is the governing body responsible for the stewardship
of Harnham Buddhist Monastery. The governingdocuments for HBMTare the Memorandum and
Articles of Association.
The primaryobjective of theTrust isto promote theteachings of the Buddha:'by providing. rnaintaining
and supporting, in accordance with the Theravada Vinaya, residential establishments for a Monastic
Sangha of persons who have undertaken the rules of training (Sikkhapado) and to support lay people in
the practice of the teachings of the Buddha.,
During 2024 the Trustees {who are also Dirertors of HBMT Ltd.) were.. Paul Hansen (Chair), Philippa
Padbury, Mike Pearce, John Bower, Rion Willard and Eddie Duncan.
Penny Wakefield-Pearce was employed as Trust Secretary. Treasurer and Office Administrator. lan
Plagaro Neill continuedto help the team asOfficeAssistanL
The day to day affairs of the Monastery continued to be overseen bythe 'Management Comrnittee,
(comprising members of the monastic community and the Office Administrator) with reference to the
Trustees. Representatives from the various communities of supporters have offered to act as a link
between the sangha and theircommunities and other lay supporters have volunteered to be contarted
fortaskssuch as helpingwith cooking, events and retreats.
The Resident Community
A5 it is usual in our monasteries Several changes of residents took place duringtheyear 2024.
In May Samanera Nibbuto putdown thetrainingand revertedto the lay life. Now he is livingasa
samanera again in Slovenia.
In JulyAnagarika Craig departed to Chithurst where he És now a samanera and lacob left after
cornpletingayear as Kitchen Manager.
Before the beginning of the winter retreatTan Samacitto departed to Cermany and Tan Attanyu
departedfor Italytocontinuetraining.
In NovemberAjahn Mahajomgaew andTan Sudhammojoinedthe community.
Ajahn Punnyo isstill visiting his motherevery nowand then forshort periodsof time.
The community listatthe end of 20Z4 was:

Luang Por Munindo
Ajahn Punnyo
Ajahn Mahajomgaew
Tan Sudhammo
Sangha visitors
Ajahn Kevali came to visit from Thailand & Ajahn Chandapalo from Italy in May.
In May Tan Samahito visited. Also Ajahn Kaccana, Ajahn Tee and Tan Virajo visited in June.
Events
In April we celebrated Songkran with aboutioo people visiting.
In Ortoberwe helda Kathinaand hosted an Elders'council Meeting. We had male andfemale
monastics comingfrom several of our brnnch monasteries.to mention a few names we had the good
fortune to host Ajahn Amaro, Ajahn Candapalo.Ajahn Karuniko. Ajahn Ahimsako. Ajahn Khemaka etc.
Activities
This year some one day retreats were held at Kusala House. In May Ajahn Punnyo led a one day retreat.
In JulyAjahn Khemaka and in SeptemberAjahnAhimsako both visited and ledone day retreats, as did
Virginia Kennedy in November.
Thi5 yearthe monasticcommunity accepted a few invitations to receive offerings outside the
monastery from some of our most regularsUPPOrters.
Luang Pormunindocontinuedto offer Dhamma talksto the residentcommunity,the guestsstayingat
KusalaHouse and the lay visitors. Most of these were uploaded online forthe public
(ratanagiri.org.uklteachingsltalks)
Also Luang Pormunindocontinuedto share online, his reflettions on theDhammapadaverses every
month (full moon) (ratanagiri.org.uklteachingsldhammapada-reflections).
The newslblogwas also sent out once a month (new moon) {ratanagiri.org.uklnews)to update the
wider community on the artivities of the monastery and any monastery related information that would
be useful for them to know about the upcomingweeks.
We held a lakework day most months. ocGisions where lay visitors are welcomed to come for the day
andjoin the Sangha and guestsatwork.
Finances
Income
In 2024the total income was approximately £571,785(£185.895 in 2023), Of this£226,876 was donated to
General Funds and£332,595 to Restricted Funds (i.e. specified by the donor for a particular purpose). The
Restricted Fund income includes a bequest from a long term supporter.
In 2024 total expenses were approximately £162,071 (£174,009 in z023). 146,177 from General Funds and
£15,894 from Restrirted Funds.
Here is a breakdown of the basiccostsspent in maintainingthe monastery: (excludingexpensessuch as
travel, publication production. and exceptional expenses covered by Restricted Funds):

Annual Cost (•
Monthly Cost (•
Utilities and firewood
32510
2709
Household expenses
6952
579
Motoringexpenses
10,712
893
Rent, rates and insurance
15.687
1.307.25
Repairs and maintenance
18,623
1552
Phones and Internet
2895
241
Welfare (medicines, dentist, etc)
450
38
Office Administration (inc salary, etc)
14923
1244
Governance costs laccountant)
4,436
370
Events (retreats, festivals, etc.)
1,035
86
The Monastery also receives many donations of food and small household itsms throughouttheyear. A
number of tasks, that might otherwise rep￿sent expenses to the Trus( are undertaken by volunteers.
such as gardening, maintenance, drivingand IT assistance.
At presen( regular donations by standingorders cover about 20°h of the running costs each month. It is
very helpful in managingthe monastery's finances to knowthat regular costs will be covered to at least
this extent To Set up a standing order donation. forms are available on the website
wwvw.ratanagiri.org.uk and at the monastery.
As the level of donations can be variable the Trust holds funds in reserve to ensure that immediate
liabilities can be Met in case of a sudden drop in donations.
The Trust currently hold5 the following Reserve Funds:
i. Short Term Reserve: £30,000 (approximately 3 months basic running costs).
2. Long Term Reserve: atthe end of 2024 held£318.407 (forimprovements to Monastery buildingsand
propertypuYchase- foyexomple the Trusts hopes topuychose the fvehold ofpartofthe monastery which is
urrently leased. should it becoMeqv4iloble.)
3. Replacement Fund: £14,4y foremergency repairsand replacements.

4. Ageing Samanas Fund.. of approximately £109.342 which is invested to provide for any increased costs
involvedwith lookingafterelderly {ordisabled) sangha members. It is hopedthatthis will enable us to
provide a level of care such thataged and infirm sangha maycontinue to live within the monasteryfor
the duration of theirlife.
5. An Endowment Fund: £16,335 invested to generate income as a safeguard forthe long term future of
the monastery.
Banking
The Trust holds the funds spread over several types of bank accounts with different providers. These are
two current accounts. an account to receive standing orders. 4 deposit accounts and a unit trust. As far
as possible the Trustees have chosen banks that are ethically principled.
Shouldyou require any further iftformation about HMBT'S finances please contact the Trust Secretary.
email: secretary@ratanagiri.org.uk
Policies
The Trust has adopted policies for. Risk Management Investments, Vulnerable Beneficiaries (including
Child Protection). Conflicts of Interes¢ Volunteer Management Complaints Handling, Data Protertion,
Health and Safety and Cyber Security.
Haynham Buddhistmonostery Trurt (HBMT) is the9ovepning body responsible foy the stewaydship of
Harnham Buddhistmonastery.
This work is licensed under a Creative CommonsAttribution-NonCommercial-NoDerivatives 4.0
International License.