REGISTERED COMPANY NUMBER.. 09344009 (Ellglll￿d Wglesl
REGISTERED CHAIUTY NUMBER.. I 163076
Re rt of the Tr￿leeS and
UJJaudiied Financial Sialemen
Y¢arEndcd 31 De¢ember2023
foi
aDech nB
Litniled b Guarnnl
Aco

a DE¢hen
Contents of th¢ Financi81 stat￿llents
for the YearEnded
l Decernber 2
RepDrt of the Trustees
Independent Exa]nineT'S Report
Stutefflertt of Financial Activities
Bala￿¢ She¢t
No*s to theFinancial St8temcTht8
10 10 19

tn Limited
Ke ort of Ihe Truslx8
foT the Ytar Ended 31 DecembBI2023
The truslEes who are also directors of the charity for the PUTposes of the Companies Act 2006, present their ieport wilh Ihe fit&n¢ial
slaiements of the charity foT the year ended 31 De¢etnbeT 2023. The truslees have adopted the pro¥ision5 of Accounting and
Reporting by Charities." Statement ol Recommended Practice gpplicable to charities pyepanng th¢ir accounts in accordsnce with the
Financial Reporting Stsndard applicable iii th¢ UKand R¢public of Ireland IFRS 1021 leff¢¢tsv¢ l January 20191.
ORIECIIVES AND ACTTrITIES
Objcctive5 gnd *ittkS
The company is a charity and exists to advan¢E the Sakyapa School ol Buddhism and in particular the spiriMa] authority of Kam
Thinl¢y Rinpothe 3nd Larna jat￿￿Thaye as ma8tets olthe Sakyapa ￿h0o1 of Buddhism.
Signlficllnt activitles
Dur&ng the year Ihe charity conlinu¢d to d¢v¢lop its adivilies in its London an(f Bristol ¢¢ntr¢& with a view lo Beneraling wann aDd
welcornin8 spaces for pr8¢titioners aDd twcotners to visit lo learn mote about Buddbisrn a[￿ the Sakya ttadilion in particular.
P88e I

Dechen Buddhism Li[nit￿l
Re ort of th¢ Trus￿¢5
for the Year Ended 31 DecetttheT 2023
ORJECTIfvTS AND AcfMTIES
Public bEnefit
ThE Ttu$oe8 have consideT¢dth¢ Chsrity Cotnrni55ion Guidance on Public Benefit ll) accordanff withThe Charities Act 2011.
In ¢xercisingth¢ powers and putSUiDg the objects of the charity, public benefit is attomplish&l by..
-Providing temples forthestudy and pr8¢tice of the S8ky8Buddhist teachings.
- Reciting pr&y¢r5 Hnd rituals foT the well-ktijg of the sicl the deceasvj, expecthnl mothers, and all those in need.
- Promoting and providing introductory meditslion ¢185ses and t￿hingS th¢ basic principles of th¢ Buddhist teBchiDgs.
- Establishing alld supwrtujg wups across England. in Londoj), Bristol. Bath 8JJd Excier, llj order io dcliver locally the prec¢ding
pro￿S1O￿.
- Pre8enting Buddhist l¢xh]Rl teachu]gs by (qualified Buddhist teach￿5) foT PTaclitioDU5 and othEr IKnefi¢iaries interesttyj itt
learning aboutth¢Bud(th&'s teachin8S.
- Providing r¢treat facilit1¢5 for pr￿IlliO[￿ interested in Bnhllncing the￿ study and prdclice of Buddhist teachijjgs tbtough petiods of
solitary meditation conlernplatioft.
- Providing a Dbamm School lo educate chtldren in thc t¢&chinB5 of the Bu(ktha,' 8nd to introduce th¢m to t[￿]￿tIOD practices,
traditional prayers, TeliElOUS Stories and principles of tnoralTty.
- Making av&il&ble prayers, book4 tapes, images and othermaterials as aids lo the snmiy andpractice of Sakya Buddhism.
- PreSe￿illg relics, imw5 oiheT swed Buddhist vbjects ￿ well as other objects ￿OCiated with Tibetan pbilosophy, 108TG,
metsphysics, arl sa¢r&l dance, crdfts, medicineand astrology.
- Pmvidiog Classical Tibetan l&tw]aBe cknses.
Providing trdnslatlDnS of Tibetan Buddhist texts, along with the printfft& publi8hing, distributing and 5clling of 8ny asx￿l3ted
liteTrtUTe.
- Providing education&1 workshops for School ¢hildTett inteTe8ted th learnuJ8 atK)ut BudthisttL These aye delivered at the charity's
temple in Bristol or in schoo18, by one of the charity's inslruclors.
- Providing cultUTal and 50cial events to incre￿e access 10 the charitys temples by the lrtal ¢omullLrrity.
In sssessing the publi¢ benefjt of thc charity's allns, therc ha8 be¢n no report or evid¢nc¢ of d¢irimenl or harni flowing from th¢
charity carryingoul its allns. The in*nded benefi¢i8ri¢5 of the charitys aims include..
li} Practitioner5 of SakyB Buddhism. Such benEfi¢iariES are dEaWll from a ctoss se¢tion olsociety. fTom atoulld the U.K. and Europe.
{iil Tr wider public. wiw benefit from the charitys activities by having opwThmitie5 to attend the temples Bnd to l¢arn about
Buddhism andlor prnctise meditation.
{iii) Tbe wider public. who attend regular bublic tslks, given by itmas. Talks tre held in public buildings aod arc promot￿ city- and
r¢gion- w￿dE.
{ivl Membeys of ihe public who T¢quest pr3ye￿ to b¢ recited and rituals PErform¢(( foTth¢5i¢k and dying.
tn general tern￿, the charity's activities achieve public benefit as a result of praciiiionets, lifestyles and praaices being in accordance
with the ethics and values of Buddhism, thereby enriching ihe moral &nd spiriwal w¢llarc of society. Th¢ Truste¢5 Satisfied that
any chaTges for seTvi¢cs or requests for T¢gular payments, T¢asongbl¢ and takc into con5id¢ration each b¢n¢ficiBrfs Rbility lo p&y.
All even15 Ptovided by the chsrity offer a con¢¢ssionary rate.
Voluttteers
The Lharity depends enlir¢ly ¢)n volunteers lo cury out ils acti￿ties. The Board of Tn]stees would like to take this OPPOTtwllty to
tbankall its SUPPQrters.
Page 2

Sak a Dechen Buddhi
ort of the Trustees
for the Year Ended 31 Decembw 2023
ACHIEVEMENT AND PERFORMANCE
Charitable *ctlvtdes
During the ytar th¢ charity ConliTru￿ to meet its obj¢cliv¢s of 8upporting opportunities for the study and practic¢ of Buddhism. B150
making use ofonline plaifortns to offeralteJ])ative a[￿ accessible opportunities foi pA¢tice.
This has bEen achieved withfft the resources availabl¢ and the charity has met all of its finanual ¢ommitm¢nts, Including th¢ proper
tnaintenan¢e ajyj impTovem¢ntof 118 main as5¢14 the c¢ntr¢5 in Bristol Bnd London.
Fundralslng &ctlirytie5
Th¢ chariV5 st￿p5 have beert established to Aise fut￿ to a85ts1 with the ovetheads and Costs. The shop8 noi intended to be
commercial enterprises - their main pu]pose is lo supply articles. books and artefacts to assist pra¢titioner8 with thetr m¢ditsiion
practice. The London shop i5 specifically a charity shop which reli¢s on donaligns of book5 for ressje. Hence the nonnal key
perfornianc¢ indicaloTS such 3s gross profit percentage are not consideTed indicative of the￿ succe55. Nevertheless the shops a
pects4 to achievE a 5tnall surplLLS to contribute lowatds the costs of [￿a￿tainl￿8 the centres in thE future.
FINANc￿L REVtEW
Ffn2ucial p05itiOIi
As ￿t]￿led in thcchariws bglanc¢ 5he¢L th¢ ch8Titys financial position is stable ￿dS￿Ur¢.
Prittelpil fundlngsour¢e5
The charitys p]incipal fundinB 501SlfE5 in restKrl of day to day acliwilies are TeBular donations fro]n the members of its ¢etstre8.
r¢spect of tnajoi eKyenditures. such as the purcha8e of properties. the charity kn relied on appeals to member4 supplemented by
bom>w1n￿ from financtal institutions to coveTany shorfg11 on app¢91 fiands raised.
During th¢ y¢Br the ch3rity ieceived notification of a sigDifiEaDt legacy of £IOO,000 from the will of the late Sibylle Ballwe8. This
Eene]Dus from our late supwrter (which had bcen received on 15.3.20241 is greaily gpprecialed. Th¢ legacy has b¢¢n Provided
for in these &ccounts in accordwe with the tems ofth¢ Chariti¢5 SORP.
Re5erye$ policy
As B n￿ller of poliiy, the Ttustetts Ujlend to hold the amount of resetves held ¢a8h cash ty4uivalents wt restricted to or
deSi￿ated for any particular purErf)se at the minimym level of 3 10 6 months, re8ular cash expenditure ¢qualing 10 £31,000 Q022
£28,350). The board ¢on5id¢r5 th¢ charitys e¥posure lo the risk of Rny significant 1055 of incoTn¢ Bnd lo the risk of unforeseen
expenditure. which cannot be tnitigaled by executive &ctiot4 and on th￿ bRSiS will decide whether the umounl of assets held ID Ga5h
reserves should be ittueasedordecreased.
Al the year erf the Ch￿tyS &vailBble CBsh fijnds atnounted to £62,386 12022 £1372511. being the total of cash-ai-bank aDd
cash-in-hBnd not &ttributable to resti?cled funds. as Slated on page 8. The TTUStees bE12eve that these untestri¢led Teserves are
sufficient lo ]Theet the charity's day to day TeqU￿ttle￿Is. The Eharity has a150 Invested sutplus ¢a5h of £I￿,(m)0 ll) a high int¢resl
batth bond diie for maturity in J8nu8ry 2024,of whioh approximatly £70.000 ha5 b¢en ¢Br-m8rk¢d towards th¢ full repayrnenl of one
of the bank loan5 early in 2024..
Golng concern
In th¢ opinionof thÈTn￿1ees the chaTity Corttinlles to be a goingconcern.
F[[ri￿lE PLANS
Duting 2024 Ibe ciwitys ¢etttr￿ and wups in Bristol. London, Bath and Exeter will continue to provid¢ introdudory courses in
Buddhtmi. tO8eiheT with moT¢ in-depth t¢achtng5 pr¢5id¢dov¢r by visiting Lama5.
As mentioned ¢arlier. the cbarity ha5 plans to repay one of its bank loans in fvll the lltsturity of its b3]]k boftd.
In wew of the ever-inueasing number of attendees al year-round 8nd major event4 the charity ss lookin8 at the feasibility of
expandittg ils operations in Bristol and to that end ￿ considering eithLY th¢ development of its existing building or the a4uisition of
an additional spac¢.
STRucfuRE GOVERNANCE AND ￿AGEm￿Trrr
Governlngdocument
The oharity is controlled by ils governing docutnenL ils Articles of Associatio￿ constitutes a li[ni￿1 company. bmit&1 by
guar8nt¢e, &gd¢fIt￿d by the Co]npanies Act 2006, register￿ in England and Wales, Esiablished foi Charitable puwes.
Recruittlleut alld appolnfment of Dew truBtse$
The charity's trusoes amd committte members are appointed by thc Board of TA￿le¢S after duc con￿d¢￿tion bEing ￿Ven to
eligibility, personal compctcnce, specialist skills and local availability.
Page 3

hen Buddhi
m Litnifrd
ort olih¢ Trustees
for th¢ Y¢&rEnded
cem
STRUCTURE, GOVERNANCE AND MANAGEMENT
OrglltLi5atioDlll structure
OveTall conirol of th¢ charity rests with the BoaTd of T￿stee$. Day tD day Co￿trol of the chaEitys fimctions Hnd finance5 8r¢
delegated 10 local admiiiislralor5b gppoinled fortheirskilis and compeicnce.
Indvrtion traI￿l￿g0r￿e7V trllstees
N¢w tnjstees and COTnTnittee metnbBts are inducted u]to the workingsof the ch8rity by the BOArd0fTn￿ee￿.
Wider network
The Chatity is a m¢mb¢r of the D￿h¢n Community. an associtlion of organisationg with similaT aitns alld objective4 wbich provides
support and resources lo its m¢mb¢rs 85 n¢ed¢d.
Rl$k manllgeMe￿t
The TTUStees have a duty lo identify and review the risks lo which th¢ charity is ¢xpos¢d Bnd to ensuT¢ appropriate controls are in
place to prtrvide reawttableassuranceagalljsi fiaud artd eTtOT.
A fonnal review of thechaTitys I75k]D￿J￿gell￿jl proc¢55¢5 15 wJd¢rtaken on an annu8] basLS.
The ¢harity mainiaffts a comp￿hen91¥t registsr of risks, which is subj￿1 to regular ￿view. Through the risk managernent processes
tablishcd for the chanty. th¢ Tn]stees aT¢ satL8ft¢d that Ihc major risks idenlifid have beett adEqualely miligaled where necessary.
Il is r¢w8nized th&t Sy51etns can only provide re&sonBble butnot tholut¢ ￿uranCe thatmajoTTisk5 have been sdequatelymanaged.
REFERENCE AND ADMINISTRATIVE DETAItS
Registered Compojty number
09344009 (Englalld and Walcsl
ReBl$tered Charltynumber
1163076
ReEi5tcrtd offiet
121 Sommerville R(Hd
Bristol
BS6 5BX
Trll5tee5
Mt D J AttDstrott8 Furniture Maker
MrP J M Brady Local Government Manag¢r
Ms N Chri5tov StrLJthrer
Mr B J Golding AccountaDI
Mr A M Gutmann Financial Sthvi¢e8
Mt P Haddon Audiior
Mr M A Lund Selfemployed
Mr S G MulliE3n None (deceased 14.6.231
MT C S Roger5 Accoulltaiit
Ms M B Moore Teacher
Company Secretary
Ms M B Moor¢
Independent Ezamin¢r
Hgnngh P¢ttiferACA
(EL Accountancy
141 EnglishcombeLane
Bath
BA2 2EL
PagE4

Sak a De¢heL B
ort of the TTuslees
foT the Year Bndcd 31 Dtc¢mber2023
This report h25 been prepAred in acwrdgnc¢ with the 8F¢ial proTr7sio￿ of Part 15 of the Companies Act 20(h5 relating to small
compani￿.
Approved by Orderof th¢ tA)8rdoftN8ttts on 29 July 2024 and siEnedoD I15 by..
MrD JArn]strong- TTu51Ee
Pagt 5

lttde
ndenl Examin¢
e50f
ni Limi
Independeut exllminerf5 reportto the trll5tees of Sakya Dechen Buddhlstth Llmited I'tbe CO￿pA￿Y,)
I report lo the chaTsty IIu51ves on ]ny￿aTnination of the accounts of the Company forthe year ettded 31 December2023.
Re8ponslblUtles basls olreport
As the chariiy's Irusttts of the Company land al80 its directors for the purroses of company lawl you ar rsponsible for the
prepBrdlion ofthe accouDts u] accordance with the requir¢m¢nls of Ihc Companies Act 2006 Cthe 2006 Acl'l.
Havin8 satisfied myscif that the accounts of the Company are not Tquir¢d to be audit¢d under P8rt 16 of the 2006 Act and are
eliwble for indepcndenl ¢x3mination, J report in respe¢l of my examination of your charity's accounts a5 ¢3rried out under Section
145 of the Char2ties Act 2011 Ilhe 2011 Act). In o3ryying out my examination I have followed thB Directions given by the ChaTity
Collllnission undeT S￿ll￿n 145151 Ibl of thE 2011 Act.
Independent exAmlner's statement
I have compl¢ted my ¢xamiDalioN. I confirm that no matters have come to tny attention in Cont￿110￿ with the ¢xamillation ￿v￿)g m¢
C&Use to believe.
a£¢ountuJg records were not kept in Te5PBCt of Ibe Cotnpany 85 rquired by Section 386 ofthe 2006 ACL or
the ￿count8 do notaccord with those re£ords.' or
the accounts do not comply Nwih th¢ ￿Qu￿tIng requirements of Se¢iion 396 of the 2006 Aci other than any requ￿[￿11 th&t
thE attounts wve a true and fair view which is not a matter con5id¢redas pan olan ind¢p¢nd¢ni examination., or
the accounts havc not been prepared irt a¢coidan¢e witb the tnethod8 and princip1¢5 of the Sotcment of RccomrtteJJded
Practice IOT accounting gnd reporting by charili¢s lappli¢able to charities preparing their accounts in ￿0rd8nce with the
Fi[￿cIal Reporting Siand3rd applicable in Ihc UK and Republic ofbeknnd (FRS 10211.
J bave no concerns and h&v¢ come across no other mattets in ¢QDnertion with the ¢KaminatlOD to whith attention should ￿ drawn in
this r¢port in orderto enable a proper under8tanding of the accounts ty be te4d]Ed.
Htnnah Pettifer ACA
CCL Accountan¢y
141 Englishci)Tnbe LAne
Baih
BA2 2EL
29 July 2024
Page 6

Sak a DeEhen Buddhi5tn Limited
Sialement ofFinancial Activities
co
oratin
an Incorne and Ex
for the YearEnded 31 Detettth>Er202
tu Account
31.12.23
31.12.22
Total
funds
Ullrestrict¢d
fiLnds
Restricted
fi￿d8
Totsj
fLmd5
Nolcs
INCOME AND ENDOWMENTS FROM
Donation5 2nd legacie5
i64,(￿0
164,OLK)
142,915
CbArltable Aetlwlti
Cour8es
16,357
16,357
47,124
Othertradingactivities
Investtnent income
Other income
9,021
5,624
23.518
9,021
5,624
23.518
5.229
3,304
Total
218,520
218.520
198,577
XXPENDITURE ON
Raising fLuJds
6286
6286
2.369
Charfi*ble a¢tlvldes
Buddhist¢¢ntr¢ administration
CouTres
GAnts 10 otheicentres
38,075
15,970
8,320
38,075
15,970
10,320
41,254
31,726
6.724
2,0(M)
Total
68.651
2.0(K)
70.651
82,073
NET ll¥COMEJIEXPENDITUBI)
149,869
I2.0￿)
147069
11&504
RECONCILIATION OF FUNDS
Total funds brought forward
734.719
2,309
737,028
620J24
TOTAL FUNDS CARRtED FORWARD
884,588
309
884,897
737,028
The notes fonn part of these finaDcial stat¢m¢Dts
Pag¢ 7

Sak a Dech
Balance Sheet
31 Decetnbrr2023
31.12.23
Total
nds
31.12.22
Total
fimds
Untestri¢ied
fi￿dS
RestriclEd
fvnds
Not¢s
FIXED ASSETS
T8ngibl¢ assets
Heritage 3ssets
873.342
53.025
873,342
53.025
870.194
46,446
12
926J67
926J67
916,640
CURRENT ASSETS
Stocks
Debtors.. amounts falling due wiihin one year
Debiots.. amounts r￿ling du¢ aft¢r tnor¢ than on¢ y¢Br
Cash at bank and ￿ hand
13
14
14
14.869
118.347
79,656
162.386
14.869
118,347
79,656
162,695
13,354
32,360
68,866
139,560
3(
375.258
309
375.567
254.140
CREDITORS
Amounts lalling du¢ within oney¢ar
185,5121
{85,5121
(20,9071
NET CURRENT A&8ETS
289.746
309
290.055
233.233
TOTAL ASSETS LESS CURRENT LIABILITIES
1216,113
309
1.216.422
1,149,873
CREDITORS
Amounts failing due after more than one y
16
{331.5251
1331,5251
{412.8451
NET ASSET5
884.588
309
884,897
737,028
FUNDS
Unrestricted funds.,
Bristol
London
19
257,804
476,915
513,435
884,588
734,719
Restricted fttnds..
SakyaNuns
309
2J09
TOTAL FUNDS
884,897
737,028
The charithble company is enliiled to ¢X¢TDPtion from audit und¢T S¢ction 477 of the Comp￿1¢5 Act 2006 for the yw ¢ndtd
31 De¢ember2023.
The membets have not reqU￿¢d thc company to obtain audit of it8 financial sta*meJ)ts for Ihc year endcd 31 Dcccmbcr 2023 D)
aCCOTdan¢e with Section 476of the Companies Act 2006.
The aoknowledge theirresponsibilities foT
la)
ensuring that the chaTitsble CDtnpany keeps account￿8 tecords thai ¢Dtnply with SEclioDS 386 and 387 of the Companie5 Act
2006 and
p￿paring financial stat¢m¢nts which give a tTr￿ and fair vtew of th¢ state olaffairs of the charitable company as at the end of
¢a¢h financial yw And of its Surplus or d¢ficil for ¢Bch fmanciaj Ye￿ in a¢cordan¢¢ with the requirements of Sections 394
and 395 and which othenvise comply with the wu]reM￿lS of the Companies Act 2006 relating to fu]ancial statements. $0
far Bs applicable to the chaTitable cowany.
(bl
The nDtes ft>Thipart of these financial statem¢nts
Page 8
continued...

Dechen Buddh15m
numbcr.. 09344(X)9
Balance
lieel- continued
l December 2023
These finattcia] slatetnents hBve b¢en pr¢p3r¢d in acwr(tsnc¢ with th¢ provisions BFplicabl¢ lo charitsble companie5 subject to th¢
small conw￿1¢5 regune.
The financial 8t&t¢ments w¢re 8PPTov¢d by th¢ Board of and authori5￿ for issu¢ on 29 July 2024 and were signed on its
behalf by..
Mr C S RoBets- Tnzstee
Th¢ notes forni partofth¢s¢ finaDcial stat¢m¢Dts
Page 9

Dechen Bud
Notes I the Financial Siaiernenis
for the Year Endert 31 Dt£¢mixr 20
ACCOUNTING POLICIES
BaslB of preparlng the financial stateweots
Th¢ f￿nanCIal statettwjts of the challlable co]npany, which is a public benefit entity under FRS 102, havE been ptepaied
accordante wilh the Charities SORP (FRS 1021 'Accounling and Reporting by Charilies.. sta￿Ment of Recommended
Pia¢ii¢e applicabl¢ lo charities preparing the￿ accoLtnts in accordance wilh the Financial Reporting Stsndard applicable in
the UK attd Republic of Ireland IFRS 1021 l¢ffeclive l JBnvary 20191,, Financial Repothng Standard 102 The Financial
Reporting StBndard applirdble in the UK and Republic of Ireland, and the Companies Act 2006. The financial Slate[[￿MIs
havebBen prepared under the historical costconveniion.
The financi81 stateuKnts 8fE prepared ip st¢rliDg whicb 15 th¢ functional cuTr¢n¢y of th¢ charity and Bre rounded to the n¢8r¢st
TheT￿￿te¢S consider that th¢r¢ no mat¢rial uncertginti¢s at<)ut theciwitys ability to continue as 8going conc¢rn.
In¢ome
All income is Tecogni5ed in the State]nenl of FinanEial ArtiTrities once the charity enlidement to the fiu]ds, it is PtDbable
th&t the u]wttte will bereceived and theamount can be measured reliably.
Donations are r¢cogni5ryJ on r¢¢eipl. PrLK¢dur¢s ar¢ ID pl￿¢t0 ¢D5ur¢thecompl¢t¢negs of incorn¢.
Shop artd catsringincomc is accounted foron acash receivedbasi5.
GraAts and legacies are accounted foronce the chaTity ￿ t￿tiffied of its legBJ ¢ntitl¢m¢nl and the smounl du
EXpe￿dI￿re
Liabilities are recognised ￿ expendiknre as soon as there is a legal or con$ttuEtive obli8aliort ¢ommillin8 the charity io thai
expendiwre, it Is probabl¢ that a transfer of ¢¢onomi¢ b¢nefits will be required in seulem¢nt and th¢ amount of the obligation
can b¢ musur¢d r¢liably. Expenditure is accounted for on Bn Bccruals bgsi5 gnd h85 been classified under head￿￿5 that
aggregalE all cost rel*ed to the category. Where costs ¢annoi ￿ di￿¢t[Y attiibuled to particular headings they have been
alloca*d to aaivities on a bgsi5 consisteni with the of resouTttS.
Gr8nts offered Subject to conditions which have not ken Tnel kt the year end date Bre noted 35 & cottllnitsnei]I bul not accrlled
3s expenditLJre.
Alloc*tlon of 5UPPOrt cost5
Support costs 8r¢ those fvncti0Tr5 that assist th¢ Work of the charity but th> not directly undertake Ch￿lIable aclivili¢&
Support costs iDElude fitwKe attd governance costs which support theTr￿Se5 Buddbist centre ttwRge]Dent activities.
Tllngible fixed assets
DeprBcialiort isprovided al the following annual rates in orderw write otFeach assetover its estimate4J usehl life.
Freehold PTop¢ty
Fixtures and fillings
Cornputerequiptneni
not provid¢d
15% on reducing balance
15¥0 Ortreduc￿8 balan¢e
The Trust's land and buildings &re not d¢pr¢cialed as the Tn]5t¢¢s consider they are well maintained ￿1 in good Tepair 8nd
any re8uliin8depreciation WDuid bE immaterial.
Herltgge ll5sets
Heritage a5se15 which are nort-moneiary assets held for devotional purposes aTe Tecognised OD the balan¢e theet and initially
easured ai c08t when purchased or if thMa￿d. their valuation. Assets a￿ subsequently staled ai cost or valuation less
a¢Cumula￿d impainnent losses. The artefa¢ls ar¢ not depreciaied as their value is Consider￿ to bc in linc with the original
C081.
Stocks
Stocks are valued at the lower of c05t and t￿t Te4li5ablc value, after due allowance foi ob501Ete a￿j slow tDOVll
iLEms.
Donated stocks are staled atmark¢t value.
TAXatton
The charity is exempt from CO￿OratIon tax on ils charitsble8clivities.
Page 10
Cont￿lled...

Notes 10 the Financial Siaiements- coniinued
for lh¢ YearEnd¢d 31 D¢c¢mb¢r 2023
ACCOUNTINC POLICIES- continued
Fund accounting
Unrestri¢ted fithds can be used in a¢cordance with th¢ ehBritBbl¢ objectives ai the discTetion of the trustees.
R¢Btrict¢d funds can only be u8¢d for particular tE5triclEd purpose5 within the objects of the charity. RestFiciions atisE when
specified by the donor or when ￿ndS ar¢ T8i5ed forparti¢uiar restri¢id putW5¢S.
Further explanaiion olthe nature and pU￿OsE of each fund is llKluded in the note8to the financial Statement
Donated goDd& senlces or fac115tles
Donated goods, services or fBciliti¢S T¢cogni8ed as fft￿Me when the charity has control over the item, any collditioI
Sociated with the donated item have been mel, th¢ r¢c¢ipl of ¢conomi¢ bEllefit frotn the use by the charity of the item is
ptobable and that economic benefit can be Tnea5WEd reliably. On rec¢ipl, donated serviEes and facibties are Tecognised on th¢
basis of the value of the gift to the charity whiEh 55 the amount the charity would have been willing 10 pay to obtain servic¢5
gr facilities of eqllivalent ¢conomic b¢n¢fii on the open market," a cotte5ponding gmowit is then recow5¢d in ¢xpettd1tL￿e in
theperiod of receipt.
In accordance with the Charities SORP IFRS 102}. the BeneAI voluDle¢r time of 5upponers is not recwised (refer to the
Trust￿$. aDnual report for infonnalion about their contribution).
Debtors
Debtors are re¢ognised at Ibe $¢ttltsllenl at[￿untdUe. Prepayment5 Val￿ed ai the amount pwai(L
Ca5b at bank In hand
Rsh Bl bank and cash in hand includes cash and short *mi highly liquid investments with a short maturity of three ￿OnthS
or less frotll the date of acquisitionoropenin8 ofth¢dcposit Orsimilar accoun
Credl¢ors alld provlslons
Creditors and provisions are recognised wherE the charity has B PT¢5¢nt obligation resulting from a pasi eveni that wiu
normally resuli in thB ts3nsfer of fijnds lo a third party and the amount due 10 settle th¢ obligation can be measwed or
estill￿ted teliably. CtedilOt5 a[￿ PTOViSiOllS are normally r¢cogni8¢d at their settlement an]ount.
Flnan¢l*l Instruments
Th¢ twst only has financial assets an(f financial liabilities of a kind dRI qualify &s b38ic flnancial insttvments. Basic fiDanci&l
instru]nents are initigjly recop]ised at tranwction value and subsequently n]*dsured&t their 5ettl¢m¢nl valu¢.
DONATIONS AND LEGACIL8
31.12.23
31.1222
Don8lioDs
Legacies
64.000
100,(K)o
71.095
71.820
l(A,(M)O
142,915
OTHER TRADING ACTIVITIES
31.12.23
31.12.22
Shop incomE
9,021
5.229
P88¢ 11
CODtinue¢l..

Noies 10 Ihe Financial SiaiemenlS- Continued
for th¢ Year Ended 31 Dc¢emb¢r 2023
31.12.22
Renu8 received
Loan tntrresl
560
5.064
452
2.852
5.624
3J04
INCOME FROM CHAIUTABLE ACTlVtTtES
31.12.23
31.12.22
Activity
Courses
CouTse fees
16,357
47,124
CHARITABLE ACTMTIES COSTS
Grant
tundingof
Suprort
C0S15 (see
note 71
Costs
Tola
Buddhist centrE admillistr&tion
COU￿¢5
Qrgnts to other centre
38,075
38.075
15,970
10.320
15.970
IOJ20
15.970
10.320
38,075
64.365
SUPPORT COSTS
Man￿e]￿&￿t
Fll￿e
Othei
costs
TotaL4
Buddhistc¢ntr¢administration
18.601
3,920
1,440
38,075
The charity did not ￿7p10Y 8ny pald staff.
SuppDrtC05ts, included ￿ the &bove, aT¢ as follow5..
M*nAgement
31.12.23
Buddhist
centr¢
ad[￿￿istrati0n
31.11.22
Total
&ctivities
Rates and water
Insurdnc¢
Light and heal
Telephone
Postage and staiionery
Adv¢rti*ng
Sundri¢s
Repa￿$ and tnaitttenance
14091
2.913
6205
1.821
240
lJ22
835
5,292
3.286
3.702
1,727
842
1.033
553
1.995
18,430
Page 12
continued..

Buddhism Limited
Note5 to IhB Financial SLilemenls- c
for the YearEnded 31 DecetnbBr 2023
SUPPORT COSTS-tonrfrtued
FlnAllce
31.12.23
Buddhist
c¢ntre
adtninistration
31.12.22
Total
activities
Bat& charges
Bank loan interest
834
17,767
718
16,652
18,601
17,370
Other
31.12.23
Buddhist
cemtre
administraiioi]
31.12.22
Totsl
&Gtivities
Depreciation oftsngible fiXed&$￿ts
3.920
3J64
Governgnfe costs
31.12.23
Buddhist
centr¢
administratio
31.12.22
Total
activities
Indepetthnl eXa[n￿￿¢S fee5
Professional lees
1,440
1,440
650
1,440
2.090
NET INCOMEIIEXPENDITUREI
Net incotn&lexpBnditurel is stat¢daftercharBintylrTedititwl'.
31.12.23
31.12.22
Depreciatiott. OW[￿ 95sets
3,919
3.363
TRUSTEES, REMUNERATION AND BENEFtTS
Th¢r¢ w¢r¢ twstees, remuneration or other ben¢fits f(kr the year ended 31 D¢¢¢mber 2023 nor for the YUT ¢nd¢d
31 DecetnbEr2022.
Trustees, txpert8es
TheT¢w¢rno tru8tees' ex￿nseS paid forth¢ y¢8r¢nd¢d 31 Dccember 2023 nor forthe year ended 31 DeGettthKr2022.
COMPARATtVES FOR THE STATEMENf OF FtNANCIAL ACTIVITIES
UnTe5trict¢d
funds
Restricted
funds
Totsl
fimds
INCOME AND ENDOI*MNTS FROM
Donations and legacies
142,915
142.915
Charitable actlvltiei
CouTS¢S
47,124
47.124
Other trading &cliviti¢s
Investtnenl i￿coMe
Oiher income
5,229
3.304
5229
3,304
Tota]
198,577
198,577
Pa8¢ 13
continued...

a Dechen Buddhistn Litnited
le5 1 the Fin3nci&l Slat¢m¢
ts- coniinued
for the Year Ended 31 Decernber2023
io.
COMPARATIVES FOR THE STATEME14T OF FtNANCLIL ACTtNqTIES. ¢ontlnued
Unrestricted
fi￿a5
Restitcted
fund5
Total
fiLnds
EXPENDITURE ON
Raising lunds
2,369
2.369
Charitsble activitie$
Buddhist centre adrninistration
Courses
Grant8 loothercentres
41254
31,726
6.724
41.254
31,726
6.724
Totsl
82,073
82,073
NET INCOME
116.504
116,504
RECONCILIATJON OF FUNDS
Total funds brought foTrvard
618,215
2,3(Yg
620.524
734,719
2.309
737,028
ii.
TANCIBLE FIXTD ASSETS
Fixtures
Freehold
Computrr
uipment
fittinES
TotaLs
COST
Al l January 2023
Additions
851,130
38,125
6,068
477
999
889,732
7.067
At 31 Detett]ber 2023
851.130
44,193
1.476
896,799
DEPRECIATION
At l January 2023
Charge for year
19,274
3.737
264
182
19.538
3.919
Al 31 December2023
23.011
446
23.457
NET BOOK VALUE
Al 31 December 2023
851.130
21,182
1.030
873,342
At 31 D¢c¢rnber 2022
851,130
18,851
213
870.194
12.
HERITAGE ASSETS
Heritage assets constst of Teligious artefad8 including staNes and paintings which are held for devoliooal putPD5es. kncss is
p¢rmitted to all visitors lo the centres.
Heritage asselg purcb3sed are sl&ted 31 cost, whilE donated itellJs are 5tsted ai markei value at the titlle of the gilL. thcy are ooi
depiecialed as theirvalue is considered to be at least the oiiginal cosL
Such objects are ￿qUIred as needed, and Subject lo th¢ Bpproval of the Board of Trustees. They are maintained in good OTder
volwil¢ers and an inventory is kept for ￿sur￿ce and administrative puwses. To dale, none of the heritage assets
aEquired by the chBrity hav¢ been disp08ed of. and it is nol 3nlicipated that they would ev￿ be.
The cosi of acquisition of such assets purchased over the last fiveyears is as follow8..
2023- £6,579
2022 - £8,038
Pag¢ 14
n11t￿ed...

Note8 10 IheFinancial Stsi¢ments- continued
for th¢ Y¢arEnd¢d 31 D¢¢¢mb¢r 2023
12.
HERITACE ASSETS. conti]Jued
2021-NIL
2020- NtL
2019-£11,QOI
Value of assets acquired by donation..
2019 to 2023.. NIL
No heritHge a55els have been disposed ofduring the last five years.
13.
STOCKS
31.12.23
31.12.22
Stocks
DonaiEd $lo¢k
8,414
4,940
4,058
14,869
13,354
14.
DEBTORS
31.12.23
31.12.22
Amounts falling wthin one year.
Other debtors
Thinley Rinch¢n Ling Tn￿t - loan forFftrtce< l year
Ptep&y]nents
105.690
6,958
5,699
23.775
1.974
6.611
118.347
32.360
Amounts f&llinE due after more than one yegr..
Thinley Rinchen Ling TNSI - loan for FAnce > l ye3r
79.656
68.866
Aggregdle atnounts
198,(K13
101,226
Debtor5 include £86.61312022.. £70.8401 ￿pre￿nting a loan receivable frotnThiDley Rinchen Ling TrusL
IS.
CREDITORS: AMOUNTS FALL￿G DUE IVITHIN ONE YEAR
31.12.23
31.12.22
Bank loBn5 End overdrnfts Isee note 171
TTad¢ cr¢ditQT5
A¢¢rued expenses
81,478
2,434
14,918
1,283
4,706
85,512
20,907
Pag¢ 15
continued..

nBu
Notes 10 lh¢ Financi31 slatc￿nts- wniinued
for Ihc Year Ended 31 D¢c¢mb¢r 2023
16.
CREDITORS.. AMOUNtS FALLING DUE AFTER MORE THAN ONE ITAR
31.12.23
31.12.22
Bank loans Is¢¢ note 171
Other loan5 (5¢¢ note 171
323.525
404.845
8.000
331.525
412,845
17.
LOANS
Att analysis ofthe matLrrity of loans is Biven below..
31.12.23
31.12.22
Amounts falIing due Mthi]J ofte yeaT Ort de]nand..
Bank loans
81.478
14.918
A]Dounts falling betweert one andtwoyears..
Bank I￿s- 1-2 years
13.945
Atnounts falling due bEtw¢en two and fiv¢year5'.
Bank loans- 2-5 yeats
45.091
50,621
Atnounts falling due inmorthan five years".
Repayable by instabnents..
Bank loans more 5 yr by instal
Rep&yable otherwise than by inslalments..
Otber loans tnore 5yts non-in5t
264,489
338,687
8,(M)O
18.
SECURED DEBTS
The following 5e¢uRd debts aTe ￿cluded wth2n CT¢dilors'.
31.12.23
31.12.22
BaDk loa#s
405.003
419.763
The bank loans are secured by fixed char￿5 over th¢ charitys properties in Chcp5tow Road. Notting Hill Hnd Somm¢rvill¢
Road, Bri5101 and by a tl(Rling chaTge over the charity5 Qther a$￿ts.
19.
MOVEMENT tN FUNDS
Net
movwn¢nt
fund5
At
Ai 1.1.23
Unre5trtcted fund5
Bristol
Londo
257.804
476.915
113,349
36,520
371,153
513.435
734,719
149.869
884,588
Restrlcted fwnd5
Sakya Nw5
2,309
{2,(Wl
309
TOTAL FUNDS
737,028
147.869
884.897
PaEe 16
coniinu&l...

Noies 10 Ihe Financial Sia*ments- continue41
for the Y¢arEiid¢d 31 December 2023
19.
MOVEMENT IN FUNDS_ contillued
Nei movement in funds. included u) tIK above are ￿ follows..
Incomin8
[egou￿eS
lie50urc&q
expended
MovemEnt
in funds
Unrestritted fthnds
Bri8tol
London
147,707
70,813
134,358}
134,293}
113,349
36,520
218.520
168.6511
149.869
Restrttted fulld8
SakyaNuns
{2,(K)01
12.0(K)I
TOTAL FUNDS
218,520
170.6511
147.869
Comp8rAtives for movement In funds
Net
movement
in funds
TraDsfers
between
funds
At
31.12.22
Al 1.1.22
UnTestrirted fu￿d$
Bristol
DdoJJ
248J09
369.906
10,380
106,124
18851
885
257,804
476,915
618,215
116,504
734,719
Restrlctcd
Sakya Nuns
2,309
2J09
TOTAL FUNDS
620,524
116,504
737,028
Comparnttve net movement in fvnds, included ￿ theaknve as follow5.'
coming
resouTces
Resources
expendEd
Movemellt
in funds
Unrc5trlcted funds
Bri8￿[
London
134,2841
147,7891
10,380
106,124
198.577
182,0731
116,504
TOTAL FUNDS
198,577
182,073)
116,504
P&ge 17
CODti[ll￿d...

a De¢h￿ Buddhism Limited
Notes lo the Financial Slate
onlinued
for Ihe Year Ended 31 Decetnber 202
19.
MOVEMENT IN FUNDS- continued
A current year 12 tnonths 8nd prior yeaT 12 t[￿nI￿S ¢otnbined position ts follows..
Net
movement
in fvnds
Trdllsfers
betwee
At
31.12.23
Al 1.1.22
Unrestrjeted futtds
Bristol
London
248,309
369.906
123,729
142,644
18851
885
371,153
513,435
618.215
266.373
884,588
Restri￿ed ￿1)d$
SakyaNuns
2,309
12,(KKJI
309
TOTAL FUNDS
620,524
264J73
884.897
A current year 12 months attd prior yeHr 12 months combilled netTnovetn¢nt in funds. included in the abov¢ are 8s follows..
Incotning
resources
Resources
expended
Movement
in fijnds
UDrestrf¢ted funds
Bristol
London
192,371
224.726
168,6421
182,0821
123,729
142,644
417.097
{150.7241
266.373
Restricted fvnds
S3kya Nuns
(2.(ml
12,0001
417.097
1152,7241
264,373
Each of the unrestricted funds, des7￿￿￿ted as 'Brislol 8nd "Londoo" Tepresent th¢ financial a¢tTVlties and nel ￿Sets
allocakd by the TtuslEes lo the respective operating b￿e5 established by the Tn￿1 in those locations. Occasional transfers
made between the unrestricted funds as delemiined by1heTn￿teeS frorn tim¢ lo line.
The restticted fi]nd balance repT¢8enis the balance of mon¢y raised in a pre￿OuS year by gn appeal ID SUPPDrt Ibe Sakya Nuns,
College in Manduwala, I]Klia. The balance of £309 is carried forward on Ibis fund to b¢ pid over in a forthcoming year.
RELATED PARTY DISCLOSURKS
As at 31st December 2023 ihe charity wa5 owed th¢ sum of £86.613 {2022.. £70,840 by Thinley RinEhen Ling Trust ITRLTI.
TegisleTed charity, the majority of whose T￿￿tee5 ar¢ ￿$0 TTr￿teeS of Sakya Dechen Buddhism Lid. tntetE51 is pay&bl¢ on
this loaD ai Ibe Trte of 4.3/0 p.a. variable The loatt is UD￿Ured and for aperi(Ml of25 yeArs from 17.11.2016.
Sakya Dechen Buddhism Ltd w35 created lo incorpotate the activities of TRLT into a ch￿lIable wmpany, bmitsd by
gL23fdntee, in ke¢ping with th¢ guidance of the Charities Commtssion. No conflict ol interest is deemed to exist with respect
10 the transactions between these parties.
The charity made 8tant5 to Kw D¢chen Buddhism Ltd IKDBI 8mounts.ng 10 £5.208 12022 - £3.7081. KDB is a relllted
patygs three of the Trustee5 of the chBrity gre also Tn￿tse$ of KDB Iwhich is itself a re￿ste[Ed ch￿lty).
The charity recEiv¢d a lo￿ 01£8,0(M) during 2018 from TRLT. inteTest-fice with no fiK¢d date of repaytnenl wbich is still
outsiattding..
Unrestn¢led donations ttLRde by T￿￿te¢S (ti]ring the yearaEttoullted lo £17,10012022.. £20.4501.
Page 18
ntinu¢d...

a De¢hen Buddhism Limiied
Notes to the Financial Siatetnents- continued
FOT the Year Ended 31 DecembeT 2023
21.
COMPANY LI￿TED BY GUARANTE
Th¢ charity is B private company liinited by guarantee having no 5hHre capital and, in accordance with Ihe memorandu￿ of
A5S(Ki&tion, every member 15 li&ble to contribut £1 towards the ¢05ts of dissolution and liabilities incurred by th¢ charity in
the eveni ofihe company being wound up.
Page 19