OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2022-12-31-accounts

1

Future Dharma Fund

A Charitable Incorporated Organisation whose only voting members are its charity trustees

Trustees’ annual report for the period 1[st] January 2022 to 31[st] December 2022

Charity name: Future Dharma Fund Charity number: 1167344

Future Dharma Fund. Charity number: 1167344

2

Future Dharma Fund

Financial Statements For the Year Ended 31[st] December 2022

Contents: Page:
Legal and Administrative Information 3
Trustees Report 4 - 8
Statement of Financial Activities 9
Balance Sheet 10
Notes forming part of the financial statements 11

Future Dharma Fund. Charity number: 1167344

3

Legal and Administrative Information:

Charity Name: Future Dharma Fund Charity Registration Number: 1167344

Registered Office and Operational Address: Adhisthana Coddington Court, Coddington Ledbury, Herefordshire HR8 1JL

Trustees in the year ending 31[st] December 2022:

Dr. Paramabandhu Groves (a.k.a. Paramabandhu), representing the Triratna Preceptor’s College Ms. Mary Healy (a.k.a Subhadramati), representing the Triratna Preceptor’s College Ms. Jvalamalini Bloom (a.k.a. Jvalamalini), representing the Triratna Trust (International Order Office) Mr. Eliot Francis Franks (a.k.a. Arthavadin), representing the Triratna International Council Ms. Elisabeth Petronella Maria Witschge (a.k.a. Gunabhadri), representing the Triratna European Chair’s Assembly

Mr. Ksantikara Alexander Green (a.k.a. Ksantikara), representing the Triratna Trust (International Order Office)

Mr Benjamin Brewer (a.k.a Jnanadhara) representing the European Chairs Assembly

Appointments in 2022

Mr Benjamin Brewer (a.k.a Jnanadhara) was appointed on the 12/12/2022 representing the European Chairs Assembly

Resignations in 2022

Ms. Nicola Edmonds (a.k.a. Satyajyoti), representing the Triratna European Chair’s Assembly retired on 29/06/2022

Ms. Robyn Smith (a.k.a. Aryajaya), representing the Triratna Trust (International Order Office) retired on 30/11/22

Secretary:

Mr Xxx Nandavajra

Bankers:

Cooperative Bank, Head Office, PO Box 101, 1 Balloon Street, Manchester, M60 4EP.

Future Dharma Fund. Charity number: 1167344

4

FutureDharma Fund Trustees Report for the year ended 31[st] December 2022

The trustees present their report and financial statements for the year ended 31st December 2022.

Objectives and Activities

The Object of the CIO is, for the public benefit, the advancement of the Buddhist religion, in particular by:

  1. encouraging members and others to live in accordance with the teachings of Buddha;

  2. supporting ordained members of the Triratna Buddhist community and other duly ordained Buddhists, at the discretion of the charity trustees of the CIO;

  3. maintaining close communication with and working under the guidance of the Triratna Buddhist Order and in cooperation with other groups with the same or similar objects; and

  4. using applications of the Buddha’s teaching to promote the health and well-being of all.

Activities for Achieving Objectives

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

Grant making Policies

Future Dharma Fund. Charity number: 1167344

5

The income of FutureDharma Fund is made up of donations from individuals within the Triratna Buddhist Community. Applications for grants are invited from projects and organisations within the Triratna Buddhist Community whose aims and objectives are similar to those of the FutureDharma Fund and whose activities and initiatives will serve the strategy and priorities set by the FutureDharma Trustees every 3 to 5 years. Applications are assessed by a grants board, appointed by the trustees. Grants and annual budgets are discussed and reviewed at meetings of the trustees. A report from the projects receiving grants are considered at a subsequent trustee meeting, especially if potential ongoing funding is to be considered.

Achievement and performance

Review of Activities

As stated the charity's income comes mainly from donations from individuals within the Triratna Buddhist Community. Effort has been made to maximise this income, including giving donors and prospective donors good information about the work of the fund and broadening the fundraising base with a mix of one-off major donations, regular standing order donations and legacies.

The budget for expenditure for the year is based on donations received and pledges made in relation to fundraising campaigns. The budget set allows for the non-payment of a percentage of the pledges. There is a reserves policy (see below) to cover the possibility of unforeseen expenditures, a number of donors not meeting a pledge or a fundraising campaign not reaching its target.

Public benefit

The Future Dharma Fund provides funding to a network of Triratna Buddhist Centres, Buddhist groups and other projects in the UK and beyond who work with the general public, promoting health and well-being through courses and events in meditation, mindfulness and Buddhism. The Charity also makes grants to projects that provide religious educational resources and online information on meditation and Buddhism as well as publications on meditation and Buddhism.

Partnership with India Dhamma Trust

At the end of 2019, we entered into a partnership with India Dharma Trust (IDT), which is a sister charity, taking on their grant making commitments in return for donation receipts. Laura Hamilton (Vajratara), the chair of IDT, attends our trustee meetings, though she does not have voting rights.

In 2022, balance brought forwards was £109,858, and we received a total of £43,791 from the IDT partnership. Of this amount, £104,136 was granted to projects, £10,948 was allocated to administrating the partnership and £38,565 is carried over as funds restricted to Indian projects.

Financial Review

During the year, Future Dharma Fund received a total income of £435,113 and had total costs of £514,545 resulting in a negative cashflow of £79,431. In 2021, we generated a surplus of £164,820. This is because in 2021, we received a particularly large donation through our partnership with IDT as they had received a sizeable legacy..

Future Dharma Fund. Charity number: 1167344

6

In terms of expenditure, our grants programme increased from £252,012 to £291,618. This does not include programmes team costs, or any other non financial programmes support.

Going Concern

After making appropriate enquiries, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the Accounting Policies.

Investment Policy

The Future Dharma Fund is a fundraising and grant awarding body and therefore has no plans for significant long-term investment. Aside from retaining a prudent amount in reserves each year, the majority of the charity’s funds are spent in providing annual grants. However, the charity does, at times, hold reserves in savings accounts.

Reserves Policy

The trustees have examined the charity’s requirements for reserves in the light of the major risks to the organisation. Currently the charity’s policy is that uncommitted unrestricted funds should meet or exceed 3 months of the charity’s annual expenditure, including known grant liabilities. This reserve provides leeway and response time should one or more supporters not meet a major financial pledge or if significant unforeseen expenditure arises. This reserves policy will be regularly reviewed depending on circumstances and amended as required.

Structure, Governance and Management

Governing Document

The organization is a Charitable Incorporated Organisation, whose only voting members are its charity trustees and was registered as a charity on 25[th] May 2016. The company was established under a constitution which established the objects and powers of the charity and is governed under the articles of its constitution.

Organisational structure and appointment of trustees

Future Dharma Fund has a trustee body of up to 7 members who meet between 3 and 6 times a year and are responsible for the strategic direction and policy of the charity. The members of the CIO are its trustees and the only people eligible to be members of the CIO are the trustees. Trustees represent and are appointed by ‘sister’ charities within the Triratna Buddhist Community who share the same aims and objectives as the Future Dharma Fund. Currently these are the Triratna Trust, the Triratna Preceptors College Trust, The Triratna European Chairs Assembly and the Triratna International Council.

The trustees are elected and appointed by these partner bodies, not the existing FutureDharma Trustees board. The trustees serve for up to a three-year period, when they are required to stand down. They can be reappointed for further periods, if re-elected by their appointing charity. The Trustees are required to report back to their appointing charity on a regular basis and to represent the strategy and priorities of the charity that they are representing.

Future Dharma Fund. Charity number: 1167344

7

Drawing the trustees from the sister charities helps to ensure that trustees will have the necessary skills and perspective to guide and oversee Future Dharma Fund. All the trustees already have many years of involvement in the Triratna Buddhist Community and a number of years’ experience of trusteeship of Buddhist charities.

Trustee Induction and Training

As indicated above, as members of existing charities the trustees will have a background in the governance of other Buddhist charities. In addition, resources are made available to them such as a Trustees Handbook and further guidance from the Charity Commission.

Responsibility of the Trustees

Charity law requires the trustees to prepare financial statements each year which give a true and fair view of the state of affairs of the charity at the balance sheet date, and of both incoming resources, and application of resources for the financial year. In preparing those financial statements, the trustees should follow best practice and:

The trustees are responsible for maintaining proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity. The trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Members of the Trustee Body

The trustees, who served during the year and up to the date of this report, are set out on page 3.

FutureDharma Team

Over the course of the year the charity employed a team equivalent of 7.9 full time posts (FTE), including team members who are self-employed. At the end of the year, the number of FTEs was 8.4. As many roles are part-time and there were a number of headcount changes, in total the charity employed 15 individuals during the course of the year. Collectively known as the Future Dharma Team, these people work under the Team Director to implement the aims, objectives, strategy and priorities of the charity and, in particular, to conduct fundraising and manage the grant application process. All team members, including the Team Director, are responsible to the trustees.

2022 saw the departure of our founding Fundraising Director, Matthew Webb (Amalavajra), who was instrumental in setting up FutureDharma Fund. The trustees acknowledge and thank him for the significant contribution he has made over the last 6 years.

Risk Management

The Future Dharma team and trustees conduct an annual review of the major risks to which the charity is exposed. A risk register has been established and is updated annually. Where appropriate,

Future Dharma Fund. Charity number: 1167344

8

systems or procedures will be established to mitigate any likely and significant risks the charity faces. The possibility of fundraising not achieving its targets has led to a policy on reserves and the diversification of fundraising will be further explored and developed. Internal control risks have been minimised by the implementation of procedures for authorization of financial transactions for amounts over defined thresholds, as defined by an expenditure authority limits policy.

Plans for future periods

Future Developments

The Charity will continue with the work and activities that fulfil its objectives and principle activities namely, (i) encouraging members and others to live in accordance with the teachings of Buddha, (ii) supporting ordained members of the Triratna Buddhist community and other duly ordained Buddhists, at the discretion of the charity trustees of the CIO, (iii) maintaining close communication with and working under the guidance of the Triratna Buddhist order and in cooperation with other groups with the same or similar objects, and (iii) using applications of the Buddha’s teaching to promote the health and well-being of all.

Subject to fundraising success grants will be awarded to a range of projects throughout the Triratna Buddhist Community International who share the same aims and objectives as the Future Dharma Fund and whose purpose and activities serve the strategy and priorities of the charity.

Declarations

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

Signed on behalf of the charity’s trustees

Signature Full name(s) Position Date

Future Dharma Fund. Charity number: 1167344

CHARITY COMMISSION FOR ENGLAND AND WALES Future dharma Fund Annual accounts for the 1167344 eriod Period start date 0110112022 To 3111212022 Section A Statement of f inancial activities Restricted Income funds Re¢ommended ¢ategorle$ by a¢tlvlty Unre$trl¢te d fund$ Prlor year funds Totsl fund$ Incoming resources (Note 3) Ineom• and endowm8nt$ from= F01 F02 F04 F05 Donations and legacies CharitablÈ aciDIitiÈs 365,330 66,329 3,454 431,659 3,454 565,192 Other 8,545 573,737 Total Resour¢es expended (Note 6) 365,330 69,784 435,113 Expènditurè on= Raising funds CharitablÈ activities 71,579 301,312 15,790 388,681 71,579 427,176 15,790 514,545 62,691 339,301 6,925 408,917 125,864 Other Total 125,864 Net incomel(expenditure) Transfers between funds 23,351 13,667 56,080 13,667 79,431 164,820 Net movement in funds 9,684 69,748 79,431 164,820 Reconciliation of funds." Total funds brought Iotward 210,132 200,448 112,016 42,268 322,148 242,717 156,568 322,148 Total funds carried fornard

Section B Balance sheet Total this y9ar Total lasl ygar Fixed assets Tangible assets F04 2,233 2,233 F05 1,638 1,638 (Note 14) Total fixed assets Currenl assels Debtors (Note 191 Cash at bank and in hand (Note 24) Total current 8ssets 490 244,568 245,058 46,791 278,702 325,493 Creditors: amounls talling due within one year (Note 201 4,574 4,982 Nel current assets/(li8bilities) 240,484 320,511 Tolal assets less current liabilities 322,148 Tot81 net 8ssets or li8bilities 242,717 322,148 Funds of the Charity Restricted income funds (Nola 2n Unre$tri¢ted funds 200,448 42,268 112,016 210,132 Total funds 242,717 322,148 Signed by one or Iruslees on behalf ol all the truslees Date ol approval ddlmml CC17a IEx¢ell 2710712023

Section C Notes to the accounts Note I Ba$1$ of preparation Thls sactlon should be complatad by 811 ¢harltla8. 1.1 Basis of accounting ThÈsè accounts have beèn prèpared under the historieal ¢osl eonvènlion with itoms recognisèd at eosl or Iransaetion valuè unlÈss othèrwisè statèd in thè rèlèvant nolèlsl to thèse accounts. The a¢¢ounts havè bèèn preparèd in aeeordaneè with.. thÈ Statèmènt ol Rècommèndèd Practieè.. Accounting and Raporting by Charitiès prèparing thèir aeeounts in aeeordaneè with thÈ Financial Rèporting Standard applicablè in the UK and Rèpublie of Iroland IFRS 1021 issuèd on 15 July 2014 and with. and with. thè Financial Rèporting Standard applicablè in thè Unitèd Kingdom and Rèpublie ol IrÈland IFRS 1021 and with thè Charitiès Act 2011. The ¢harily eonstitutès a public bonelit èntity as definèd by FRS 102." -Tick as appropriato 1.2 Going concern If thera are matarlal uncertalntlos related to evants or condltlons that castslgnlflcant doubt on tha ¢harlty's ablllty to contlnua as a golng conc•m, plèasa provlda tha followlng detalls or stata "Not 8ppllc8ble" If approprlata." An èxplanation as to IhosÈ factors that support thè eon¢lusion that thè ¢harity is a going eoncÈrn', Diselosurè ol any un¢ertainliès that makè tho going eon¢ern assumption doubtful,. Not Applleable Not Applleable WhèrÈ accounts arè not prèparèd on a going ¢on¢Èrn basis, plÈasè diselosè this laet togethèr with the basis on whieh thè trustèÈs prèparéd thÈ accounts and thè rèason why thÈ charity is not règardÈd as a going concern. Not Applleable 1.3 Change of a¢¢ounting poli¢y ThÈ aeeounts prèsÈnt a IrLJè and lair vièw and thè aecounting polieiès adoptèd arè IhosÈ outlinod in notè I l. YÈS. No. 1.4 Changes to accounting estimate$ No changes to accounting estimates have oeeurrod in thè rèporting pèriod13.46 FRS 102 SORPI. YÈS. No. 1.5 Matarlal prlor ￿or •rror$ No matèrial prior year error havo bèèn idèntiliod in thè rèporting pèriod13.47 FRS 102 SORPI. YÈS. No. CC17a IExcell 2710712023

Section C Notes to the accounts Icontl Note 2 2.2 INCOME Accountlng pollcles RBcognition of incorn Th8s8 ar8 includ8d Inth8 Stat8m8nt Df Financial Activiti￿ ISDFAlwh8n the Bharitybecomes entiOBd tD the resources, it Is more likely Ihan natthat Ihe trustees will receivethe resaurc8s-. and the mon81ary valuecan be m8asured wrth sufthci8nt reli?￿lity- Yes Th8r8 has off88tting Dfas88L% and liabilihes, DfincDmeand @XP8nS88, unl8ss r8quir8d orp8Thnitted bythe FRS 102 SORP or FRS 102 Yes Mla Yes Na Grants and dDnaknns ar8 onty includ8d Inth8 SDFA wh8n th898n8ral inCDm@ reco9nihon cnteria ar8 m8t15.10 ko 5 12 FRS102 SORPI In Ihe case Dfperformance related 9rants. IthBorne must DnWb8 r8CDgnis8d toth8 extentthat lh8 charrty has prDV￿ed Ihe SPBcithed goods OrseN￿&S as entrtlem8nttD th8 grantonWoccur8when theperformance relatedcondiknns ar8 m8t15.16 FRS 102 sO￿p1. Legacies ar8 includ8d In the SOFAwhen r8ceipt is probable. when th8r8 has been grantotprobat8. the executDts hav8 established thatth8r8 ar8 SUff￿lent assets in the estate and any canditians attach8d to ￿gacyare 81th8rwithin thecDntrol ol charily arhave been mel. Grants and dDnalions Yes L•gaci85 Yes Mla Yes Na Mla GDv•rnmBnt grdrrts Th8 charity has r8C8IV8d gav8rnrn8nt grants in f8pDthng p8md r8c8Ivab￿ Is includ8d In Incorn8 wh8n th8T8 ￿ a valid d8claratlDnlTDm dDnor. Any GIftA￿ amount recovered Dll adanatlDn is CD￿S￿er8d to b8 part althat grf and is Ireated as an addilion to the same as lh8 Initial dDnatiDn unl8ss dD￿r ar t8rms otthe app8al hav8sp8cifi8d Dth8twise. Tax r8clairns Dn dDnations and yrfts Yes Contractual incom8 and Th18 is only Included in the SOFA DthB8 charity has pray￿ed th8 r8lat8d goods or pBrformanc• r•latsd s8P1￿88 Drm8tthe performance r81at8d CDnditlDn8 yrants Yes Mla Yes Donatsd goods Donaled goads ar8 m8asur8d at tairvalu8 Ith8arnDuntfoTwh￿h asset CDuld b@ exchang8dl unless impracticalta da so. Th8 castotany 8tDck a19ODds danated IOT distribution b8n81iciari8s Is d88m8d to b Yes receipt In the reporting PBriad In wh￿h the stocks are distri￿ted. Ihey are reBDgnis Donated goadsfarr8sal8ar8 measured atfairvalu8 on Initial reCDgnitlDn.Wh￿h ￿ th@ expecled proceeds trDm sale lessthe expBCted CDsls of sa￿. and reBDgnised in Yes baLrynce sheel. On its salethevalu8 of stack ￿ charged against'lncom8 tram oth81 tradin9 activities, and Ihe proBeedsfrDm sal8 ar8 alsD reco9nis&d as'lncamelrorn Yes Mla GoDds danat8d lor an-gaing us8 byth8 charrty ar8 recognised as tangibl8 IIx8d ass8ts and induded In th8 SoFAas InBorning r8sourc8s when receivab￿. Yes Gffts in kind fDfus8 byth8 chaTity are indud8d In th8 SOFA as Incorn8 from donations when receriabl8 Donatsd and facilit￿ Donak8d s8tVlC88 and taciliti8s ar8 InBlud8d in the SOFAwh8n T8c8N8d atth8valu8 ot the gifttD the charity provided thevalue otthe gittcan be measured reliably. Donaled setvices and taciliti8s thatar8 cansum8d Immediatety ar8 r8cagni8ed as InCDme wilh an equrialenl amounkr8co9ni8ed as an expense underthe apprapriat headin9 in the SOFA. Yes Mla Yes la Yes Mla SuppDrt costs Th8 charity has Incur￿ exP￿￿1t￿r￿ On SUPPOrt CDSts. Volunts&r h&1> Th8 value al any voluntary h81p r8c8w8d is not InBlud8d inthe accounts but 18d8scnb8d in t￿Stees. annual report Yes Incornefrorn int&r&st, royatti85 and dNid&nds Th18 is InBlud8d inthe accounts wh8n T8C8lPt 18 prababl8and amount T8c8Nabl@can b8 m8asur8d T8liably Incornefrorn rn8mbBrship MBrnbership 8ubscTiPtian8 r8C8W8d In th8 natUT8 Otagfft ar8 r8CDgnis8d in Donations subscriptiDns and Lega￿E￿. MBrnbership 8ubscript1answh￿h gN8s a m8rnberthe ri9ht buy Drother benBhts ar8 r8co9nised as inCDm88am8dfrorn provision of goDd8 as InCDmelrorn Cha￿ab1eact1vitleS S8tthrn&ntof insuranc8 clairn lTrsUrat￿ clairns areonw Includ8d in SOFA wh8n 98n8ral Incame T8cagnition crileria are rnet15.10 5.12 FRS102 SORPI and ar8 Included as an item otother InCDme In the SOFA Yes

Inv•stm8rrt and 10ss•s Th18 indud8s any realised Drunrealised gainsor losses Dnthe Sa￿ al inv8Strn8nt8 a Yes 2.3 EXPENDITURE AND LIABILITIES Liability recognthon Yes canstruclive ablvJatlDll cornmithng th8charity to pay Dut resDurce8 amounkof the obligation can bB rneasuredwith reasonab￿ certainty Support Costs have been allocaled between governancecosts and 0th8T support Governance costs Bornpnse all CDSIS InvD￿lrng Publ￿ accountability althe chartyand rts GDv•rnanc• and WPPDrt costs Yes Mla categori8s on a basis CDn818tent 4Mth lh8 u88 al r8SDurce8, 8g allDcating propety costs byflDor ar8a8, Dfp8r capika, staff costs by hme spenkand Dthercasts byth8ir usage. Wherethecharitygives a grantwiMconditiDnS lor its payment being aspecif￿1@ye1 of Se￿￿e aroutyutto b8 provided, such grants ar8 onty r8co9nised Inthe SDFA anc8 th recpientotth8 grant has prDV￿sd SPBBith8d oroutyut Grants with p&rfun￿￿￿C condthons Grants payable withDUt pBrformanc• CDnditions Wherethere are no cD￿ltID￿8attachIn9 to grantthat enables thedanarcharityto real￿tI￿alty aVD￿ commitment. a Iiabiltylor ￿11 funding ￿lIgatIOn rnuskb8 r8co9nis8d. Yes RBdundancy cost Th8 charity mad8 no T8dundancypayrn8ntsduring th8 T8PDrtin9 p8nod Yes D&tsrr8d incDm No mat8Tial item Dtd8f8rr8d incame ha8b88n Included in th8 accounts. Yes Mla Cr8ditDrs Th8 charity ha8cr8ditOT8whth are m8asur8d aks8tt18m8ntamounts18ss anytrad8 disBDunts A liabilty ￿ measured on r8co9nihon akits hiskorul cost and th8n 8ubs8qu8ntly measured atthe best 8shmat8otth8 amounkr8quir8d to s8tt18 th8obligahon akth8 reparting date The charity accounts for ba8￿fInancial Inshumenks on initial recogniknn as P8T paragraph 11.7 FRS102 SORP. Sub8equenkm8asUr8menk￿ as PBr para9raphs 11 17 to 11.19. FRS102 SORP PrDW%IDns tor liabilit￿5 Yes Mla Basic financ￿1 instrum8nts Yes Mla 2.4 ASSETS Tangibl•fix•d ass•t%far Th8s8 ar8 capitalised rftheycan b8 us8dlDrmor8than on8y8ar. andcDskat18as US8 bycharity Yes Mla Th8y ar8valu8d atcost. The dBpreBiatlDll rakes and rnEthDds USEd aredisclosed in nate 5 2 Intangibl8lix8d ass8ts Yes phy8icalsubslanc8but are ￿ern￿lable and ar8 CDntrolled byth8 charrtythraugh cust￿Y or legal ri9ht8 The amartisahon rates and m8thods used ar8 disclosed in nDke 9 5 Th8y ar8valu8d atcost. H&rit4984558ts Th8 charity has h@￿age assets. nan-mon8tary ass8ts with histor￿. attst￿, Yes rat8s and methods us8d a8d￿￿5￿d In not8 9.6 1.4 Yes Mla Th8y ar8valu8d atcost. Inv•slm8rrts Fi¥ed asset Inveslmenls In qUDted shares. traded bDnds and similarinvestmenls ar8 Yes measured reliably in wh￿h case rt Is measured atcost less irnpairment InveslmenL% h81dfarr8sal8or pending M8irsal8 andcash and cash equival8ntswith a maturily date0t￿SStharn 1 y8arar8 tr8ak8d as currentas88kinvestmenks Yes Stocksand work. Slacks held tarsal8as part Df nan<hantabl8 trad8aT8 m8asur8d atth8 low8rorco8tDrn8t real￿ab￿ value. Yes progr•ss GoDds or 88rvic8s provid8d as partof a Cha￿tab￿ actNity are m8asur8d akn8kr8a1￿ab￿ valu8 based an potential provided by items of stack Yes Work in PTDgr8ss 18valu8d atcost1888 anyfor8S88abl8 IDSS thakis Iik8WtD occurDn the Yes Debtors Iincluding trade debtors and loans receivab￿} are measur8d on Initial r8CDgnitian at settlementarnDunkafterany Irad8 discDunks orarnDunkadvanced by charity- Subsequ8nMy. they are measured akthe cash arotherc0ns￿erat1OTr expecled lo be receried The charity has has Investments which IthD￿5fOrresa1e Dr PBnding Iheirsal8 and cash and cash equvialents wrth a rnaturrtydate lessthan one year These Include cash Dll deposit and cash equvialents wrth a rnaturrtydate of lessthan one yearheldfarinvestmentputPDses rath8r thanta me8tshDrtterm cash cammitmenks as they falldu8. Yes Mla DBbtars Currqntas8•t inv&stmBnt Yes Yes Th8y ar8valu8d atlairvalu8 8XC8Ptwh8r8th8yquality as baS￿lI￿ancIal instTurn8nts.

Section C Notes to the account5 (conti Not& 3 Analysls of Ineom& VnrètriCtsd funds Rtrstritièd inttsml fu￿1# Tt)tal fund Prior yèar Anal sls Donations and ilts Gift Aid Donatlon$ 344416 20,913 410746 456 592 84,073 24,527 20,913 acies General grants provided by governmenvother 8,545 573,737 Total 365,330 66,329 431,859 Charitable activities: Third eals 3,454 3,454 3,454 3,454 Total TOTAL INCOME 365,330 69,784 435,113 573,737 Other information.. ECA 210,000, Globa pioneers 2670, IDT Iranslers t63.532, IDT-legacy t159,451. India projects £18.477, Indian Youth t240, KM4 Australia 2219. Translations 28080. Triralna Warsaw ¢200, Windhorse Publications 2552, Merida Buddhist Centre ¢1025 All income in the prior year was unrestricted except for.. Iplease provide description and amounts) CC17a (Exeell 14 2710712023

Section C Notes to the accounts Icontl Note 4 Analy$i$ of receipts of governmenl grants This year Descri tion None Governmènt grant$ Tolal Last year Descri tion Coronviru5 Job ret8nsion Sch8m8 Government grant 8,545 Total 8,545 CC17a IExcdl 27m712023

Section C Notes to the accounts Icontl Noto 6 Analysis of 0x￿n￿ltur& Thls year Last year R8StriCt4d Unr4Strithd Rètrittèd inttsml fund Ttstsi fu￿# VnrètriCtsd funds Analysis Expenditure on raising tunds.. Incurred seeking donations Advertising, marketing, direct mail and lund$ Toial lunds 1,993 1,993 715 715 Total expenditure on raising funds 71,579 71,579 62,891 82,691 Expendlture on charltable actlvltles: Cosl ol grants made Future Dharma Team Total expenditure on charitsble activities 165,754 135,558 125,864 1,618 135,558 155,384 87,289 96,629 252,012 87,289 301312 125864 242 873 339 301 Other Governance ex nses Total other expenditure TOTAL EXPENDITURE 617 15,173 15,790 388,681 617 15,173 15,790 514,545 500 6,425 6,925 312.289 500 6,425 6,925 408,917 125,864 96,629 CC17a (Exeell 16 2710712023

Section C Notes to the accounts Nole 10 Detalls of certaln Ilem$ of expendlture 10.1 Fees for examination of the accounts Please provide details of the amountpaid for any statutory 8Xtomal scrutiny of o¢counfs and other services provided by your independent examiner. Ifnothing wa$ paidp18asg enter 'O' in thg appropriat8 box{0$). This yaar Last year Indèpèndènt •xamln•r's f•os 175 150 Other fees (for example.. financial advic8, consullan¢yJ accounlan¢y $grvicg$} paid lo th9 ind9P9ndgnl gxamingr 375 350 CC17a (Excell 2710712023

Section C Notes to the accounts (cont) Note 11 Paid employees Please complete this note il the charity has any employees. 11.1 Staff Costs This year Last year Salaries and wages So¢ial security costs Pension Costs (delined contribution scheme) Other employee benefits 138,994 7,460 5,560 110,753 3,640 4,379 Total staff costs 152,014 118.771 This year: None Please provide details of expenditure on staff working for the charity whose contracts are with and are paid by a related party Last year: Please provide details of expenditure on staff working for the charity whose contracts are with and are paid by a related party None Please give details of the number ol employees whose total employee benefits (excluding employer pension costs) lell within each band of £10,(W from £60,000 upwards. If there are no such transactions, please enter 'true' in the box provided. No employees received employee benefits {ex¢luding employer pension costs) for the reporting period of more than £60,000 TRUE This ear Last ear Please provide the total amount paid to key management personnel (includes trustees and senior management) for their services to the charity. For spe¢ifi¢ amounts paid to trustees, see Note 28. 63,776 61,856 CC17a (Excell 18 2710712023

11.2 Average head ¢ount in the year This year Number Last year Number The parts of the charity in which the employees work Total 11.3 Ex-gratia payments to employees and others {ex¢luding trustees) Please complete if an ex-gratia payment is made. Please explain the nature of the payment This year Leaving gill lo Amalavajra, Fundraising lead Last year Not applicable This year Last year Please state the amount of the payment (or value of any waiver of a right to an asset) 2,304 CC17a (Excell 19 2710712023

Section C Notes to the accounts Icontl Note 12 Detined Contribution pension scheme or defined benetil scheme accounted for a$ a defined ¢onlribution scheme. 12.1 Plgasg ¢omplelo Ihis notg rfo dafinod ¢ontribulion pon$ion $chem8 is operat8d. This year Last year Amount of ¢onlributions r9¢0gnisgd in Ihg SOFA a$ an 9xpgnsg 5,560 4,379 Please explain the basis for allocating the liability and expenso of defined contribution pension scheme between a¢tivilie$ and between restricted and unrestricted funds. unrestri¢led unrestricted CC17a (Excell 20 2710712023

Section C Notes to the accounts Icontl Nole13 Granlmaking Please complefe this note if the ch&rity made anygr&nt$ or do￿tiOnS which in aggregate Iorni # m8feri4lp&rt of the haritable activifies undertaken. This year: 13.1 Analysis of grants paid (includèd in eost of eharitablè activitiés) Grants to institution$ Analysi¥ Grant¥ lo individuals Support costs Total Major Projects Small 260,440 15,749 276,189 11,629 3,800 15,429 272,069 rants 19.549 291,618 Total 13.2 Grants mad? to institution$ Names of institution Purposè Total arnount of grants paid £ 80,000 3,707 The Buddhist Centr8 Online Ongoing funding of charity needs Supporting an online Triratna resouroe for Hindi sp8ak8rs TBMSG Nagpur- India Comtnunications Project TBMSG Nagpur- Indian mov8tn8nt Coordinator Supporting activit185 of a co-ordinator in India 9,063 Triratna Institut8 - Indian ordination5 teatn Isadarshanabhoomi projectl Supporting ordination teams in India 97,578 M8rida buddhist Centre- Venezuela D8V8loping Sangha in M8rida Supporting developtn8nt of Triratna itnag8 archive 7,700 Itnage archiv8 proj8Ct 14,033 Prec8Ptor5 college- International Council Triratna Chair5 A5S8tnbly- International Movernent Co- ordinator Ongoing funding of charity needs Supporting activit185 of a co-ordinator 33,896 3,531 Prec8Ptor5 college- Sikkha proj8Ct SLJPPOrting d8V8loprnent of t8aching r850urc85 10,568 Windhorse Publications Ongoing funding of charity needs Creation of app for Lif8 With Full Att8ntion course 21,500 3,000 Triratna Brixlon Buddhafi8ld Supporting Buddhafield activities Supporting dharma activiti8s in M8XICO Supporting dharma activiti8s in Oslo Dev8loping sangha in Scarbourough Supporting dharma activiti8s in M8XICO Bursary fund to att8nd Dharrna lif8 course in the UK 3,000 1,001 Cu8rnavaca Oslo online r8treat centr8 1,987 2,930 2,581 1,250 Scarborough Buddhist Group Triratna Toluca Preceplor5 college- International L8adership Course Totalgrants to instifutions in reporting period Other unan8lysedgr8nts 276,189 TOTAL GRAhlTS PAID 276,189 CC17a IExcdl 21 27m712023

Last year: 13.3 Analysis of grants paid (included in cost of charitable activities) Grants to institution¥ Analysis Grants to individuals Support costs Total Maor Pro ecls 234,118 9,719 243,837 Small rants 5,055 5,896 Third Pa rants 2.280 2,280 252,012 Total 241,453 10,559 13.2 Grants made to institutions Names of institution Purpos• Total amount of rants aid£ 1,729 3,072 A aloka Funds to 5UPPOrt tnaking Aryaloka Covid 5af8 Gender 8quality training - India Bahu an Hita Buddhist C8ntre Onlin8 Ongoing funding of charity needs, 10¥. proce8ds for Intl Sangha Day Audio 8qUlPtn8nt for onlin8 classes 82,279 Dublin Buddhist Centr8 842 International Councill Pr8ce tors Coll8 M8rida Buddhist C8ntre IV8n8zuelal North London Buddhist centre oin fundin of chari needs Dev8loping sangha in Merida Diversity project Indian movement co-ordinator & 33,140 3,000 2,484 TBMSG Nagpur Ilndial 2,788 Youth proj8cI, retreat c8ntr8 SUPPOrt & ordination t8ams, support for India ordination t8arn & rece tor5 Australia & New Z8aland projects, KM4 Australia & New Z8aland projects, Young D8V8loping Sangha in Warsaw, Translations Ongoing funding of charity needs 69,519 Triratna Macleay Valley Sydn8y Buddhist C8ntr8 Triratna War5aW 7,590 7,010 Windhorse PLJblications Ltd 28,000 Tot81gr&nts to in¥tifution¥ in rwrting period 241,453 Other unanalysedgr8nlS TOTAL GRANTS PAID 241,453 CC17a IExcdl 27m712023

Section C Notes to the accounts Note 14 Tangible fixed as$et$ Please complefe this note if the charity has any fangible fixed4sset$ 14.1 Co$t or valuation Computers Toial At th8 b89inning of the year Addition5 1.847 1,847 1,057 1,057 Revaluations Disp05als Tr8nsf8rs" At 8nd of the year 2,905 2,905 14.2 Depreciation and impairments 'Basis Straight Lin8 Straight Lin8 Rate 0.25 0.25 At b8ginning of the year 209 209 Disposals Depreciation 462 462 Itnpairtn8nt Tr8nsf8rs" At 8nd of the year 671 671 14.3 Net book valuè Net book value at th8 beginning of the year 1,638 1,638 Net book value at th8 end of the year 2,233 2,233 CC17a IExcdl 23 27m712023

Section C Notes to the accounts {cont} Note 19 Debtors and prepayments 19.1 Analys1$ of debtors Th1$ year Last year A¢¢rued Glft Ald 46,312.0 479.0 46,791.0 Prepayments and a¢erued In¢ome 490.0 490.0 Total Note 20 Creditors and ac¢ruals 20.1 Analy$l$ of ¢redltor$ Amounts falling due This year Last year Payroll Ilabilities 4,415 4,982 Total Note 24 Cash at bank and in hand This year Last year Ca$h at bank and on hand Total 244,568 278,702 CC17a IEx¢èll 24 2710712023

Section C Notes to the accounts {cont} Note 27 Charit funds 27.1 Details of material funds held and movements during the CURRENT reporting period Please giTve detail$ ol the movements ol material IndlviTdual lund$ In the reportlng perlod together wlth a balanclng Ilgure lor Other funds.. The Total funds. Ilgure below should re¢onclle to Total lunds'ln the blana¢e sheet. ' Key.. PE- pemianent endowment fund$," EE- expendible endowment lund$,' R- restrlcted In¢ome funds, Includlng $pe¢lal tru$t$, ol the ¢harlty," and U- unre$trl¢ted lund$ Fund balance$ brought fonvard Fund balan¢e$ Carried forward Type PE, EE RorUR' Purpose and Re$trl¢tlons Galns and losses In¢ome Expendlture Tran$fers Fund names General funds UR Unrestricted funds 210,132 365,330 10 000.00 388,681 10,000 13,667 200,449 Euro ean Chairs Assembl Media ro e¢ls Buddhist Centre Online India Dhamma Trust- Legacy & transfers Legacy & supporting ordination teams in India 109858 43 791.00 104,136 India lin¢. for India Dhamma Trust ortin Dharma activities in India low income Countries to attend the 4 week international course al Adhisthana 659 10 878.37 8,817 International leadershi Merida Buddhist Centre - Venezuala course 1,500 1,250 250 Develo Buddhist activities Translations ol dharma texts 1,000.00 660.00 1,000 660 Translations Third art eal.. Valderobes Third party appeal.. Welsh translation Other fund$ Develo Buddhist activities 2,626.16 Translation ol dharma texts into Welsh Nla 828.00 828 Nla Total Funds 322,148 435,113 514,545 242,717 CC17a IEx¢èll 25 2710712023

Section C Notes to the accounts Icontl Note 27 Charit funds cont 27.2 Details of material funds held and movements during the PREVIOUS reporting period Please give details of tlje movements of rnaterialindividtMI funds the reportingperiod logelher wilh a balancing figure fDr'Otherlunds'. The 7Dtal lunds'ligure belowshouldreconcile to Total lunds'in tlje blanace sheet. ' Key." PE-permanwrtendownwitlunds,"EE- expendible endowmenl lunds." R- ￿striCted¥￿e0￿￿ lunds, includingspecial trusts, ofthe charity.. and U- ￿n￿StrIcted lunds Fund balances brought forward Fund balances carried fon¥ard Tyye PE, EE RorUR' Purpose and Restriction5 Gains and losse5 Income Exppndiiure Transter5 Fund name5 General funds UR Unrestricted funds 150422 311.961 10.000 212288 35 209 338 Euro ean Chairs Assembl Media Buddhist Centre Online Supporting pioneers to intr(￿u(e Dharma rou ects Global ioneers lund 670 670 Supporting ordination teams and rece India Dhamtna Trust- transfers 3,103 63.522 159.451 60,482 6.152 49.593 India Dhamma Trust- Le ac India linc. lor India Dhamma TTUSt acies 109,858 rtin Dharma activities in India 370 18.477 3.521 659 Indian movement Co-ordinator Supwrt Dharma activities for young Indian Youth Pro ect 240 240 Burseries from Adhisthana for those frotn low income countries lo attend the 4 week international course al Adhislhana 2020 course 1,500 1,500 KM4 Australia rt Dharma activities in Australia 219 219 Translations Triralna Warsaw Windhorse Publications Merida Buddhist Centre Pal Funds lor translations ol Dharma lextrs rt Dharma activities in Warsaw rtin on rt Dharma activities in Venezuala Currenc accounts B.080 200 552 1.025 200 552 503 794 ,362 UR 794 22,1 Total Funds 73.7 8.91 CC17a (Exc￿> 2710712023

Section C Notes to the accounts (contl Note 27 Charity funds (¢ontl 27.3 Transters between tunds This ar Reason for tran$fer and where endowment is converted to In¢ome, legal power for its Conversion Transfer 0125 /. fundraising & supporter care costs from donations lo India Dhamma Trust & other donations for activities in India. Amount Between unreslri¢led and reslricled funds 13,667 Last year Reason for tran$fer and where endowment Is converted to In¢ome, legal power for its Conversion Amount Between unreslricled and reslricled funds Transfer 0125 /. fundraising & supporter care costs from donations lo India Dhamma Trust & other donations for activities in India 59,277 CC17a IEx¢èll 27 2710712023

Section C Notes to the accounts Icontl Note 28 Transactions with trustees and related parlies 28.1 Ttustee remuneration and benefits This year None of the Iru5tees have been paid any remuneration or received any other benefit5 from an employmenl with their charity or a related enlity (True or Falsel TRUE Last year None of the trustees have been paid any remuneration or received any other benefit5 from an employment with their charity or a related entity (True or Falsel TRUE 28.2 TNstees' expenses Mlhe charity haspaid trustees expenses forfulfillNng IheirdutNes. details olsuch trarjsactions SI￿Ul￿be provided in this note. If there are no trdnsactions to repor¢ please enler'True" in the boxbelow. If there are transactions to report. please enter-False" ND trustee expenses have been incurred (True or Falsel FALSE Type of expenses reirnbursed This year Lasl year Travel 134 TOTAL 134 Please provide the number ottruslees reirnbursed for expenses or who had exppnses paid by the charity 28.3 Transactionlsl with related parties Please give details olany trarjsactson undertaken by lor onbehallof) the charity irj whNch a relatedpartyhas a material interest. Nncluding wljere lunds have heldasagentfor relatedparhes. MtITere are no such trdnsacINons. please enter Irue, in the box provided. This year There have been no related partytransactions in the reporting period (frue or Falsel FALSE Amounts writlen otf during reporting eriod Name of the Iru5tee or related party Relationship to charity Description otthe Iransactionlsl Amount Balance at period end Provision for bad debts at period end Arthavadin IEliot Franks) Future Dharma Ttustee Arthavadin is the 33.B96.00 Convenor. A grant was pa￿ lo the Preceptors College lo support this role and an assistant. CC17a (Exc￿> 2710712023

Last year There have been no related partytransactions in the reporting period (frue or Falsel FALSE Amounts writlen off during reporting eriod Name of the Iru5tee or related party Relationship to charity Description otthe transactionlsl Provision for bad debts at period end Amount Balance at period end Triratna Brixtron contributed lo ha￿ of Viryanaga's support costs lor services. 1,748.17 Viryanaga is employed as Chair Triratna Buddhist Communil CC17a (Exc￿> 2710712023

CHARITY COMMISSION FOR ENGLAND AND WALES Independent examiner's report on the accounts Section A Independent Examiner's Report Report to the trusteesl members of Future Dharma Fund On accounts for the year ended 3111212022 Charity no (if any) 1167344 I report to the trustees on my examination of the accounts of the above charity ("the Trust") for the year ended 3111212022. Responsibilities and As the charity trustees, you are responsible for the preparation of the basis of report accounts in accordance with the Charities Act 2011 ("the Act"). I report in respect of my examination of the Trust's accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. Independent I have completed my examination. I confirm that no material matters have examiner's statement come to my attention in connection with the examination which gives me cause to believe that in, any material respect,: the accounting records were not kept in accordance with section 130 of the Act. or the accounts did not accord with the accounting records; or the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair, view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Signed: Date: 28107123 Name: Fay Pritchard Relevant professional qualification(s) or body (if any): AAT licenced accountant Licence no: 1004354 Address: 8 Darwin Street Shrewsbury SY3 8QE IER October 2018