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: - Conducting fundraising through seeking regular donations, major gifts and legacy gifts from ordained members and others within the Triratna Buddhist Community. In particular, during the course of 2022, FutureDharma Fund raised a significant portion of its income (£24k lifetime value) through sponsoring and participating in the Nature of Mind project, a joint enterprise with Adhisthana. In addition NOM provided a number of leads that were followed up during the phone appeal - the phone appeal overall raised £21k LTV in total from existing and new donors - Further development of the necessary infrastructure, processes, team and working practices for the effective functioning of the charity, including media production, database development and maintenance, developing the website infrastructure to enable project specific fundraising, and the development of international payment gateways for a range of currencies. - Provision of funding for projects and initiatives resourcing the Triratna Buddhist Community, including activities that are for the public benefit. To this end, FutureDharma Fund continues to follow the strategic priorities of the Triratna International Council and uses them as guidance in making funding award decisions. - Non-funding related initiatives to resource the Triratna Buddhist Community included providing supporter care and marketing to Tiratanaloka Unlimited project, to fundraise for a new, bigger and more suitable premise for Tiratanaloka (FWBO Sarana), the women’s ordination training centre in the UK. In return FutureDharma Fund received £25,000 p.a., which has helped us recruit an additional supporter care officer and build capacity within our team. - Continued development of the grant application process for rigour, simplicity and to gather a broader range of information, particularly local information, to support the prioritisation of funding awards. In 2021, the programmes team faced significant challenges with the illness and subsequent death of our valued programmes manager, Portia Howe (Moksacitta). We are fortunate to have quickly found and recruited a suitable replacement in Peter Cox (Jnanaruchi) - Recruiting new Trustees from our partner bodies to fill representative gaps and replace those stepped down or completed their 3-year term. ## **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: - Select suitable accounting policies and then apply them consistently - Make judgements and estimates that are reasonable and prudent; and - Prepare the financial statements on the going concern basis unless it is inappropriate to assume the CIO will continue on that basis. 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 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