VirtualSignature Transaction Ref. BWYD-Y597-CRCP 01 Dec 2025 10:13:22 GMT (UTC +0) D 1/2 P 1/22
Registered number: CE010551 Charity number: 1172021
The Zen Trust
Unaudited
Trustees' report and financial statements
For the year ended 31 March 2025
VirtualSignature Transaction Ref. BWYD-Y597-CRCP 01 Dec 2025 10:13:22 GMT (UTC +0) D 1/2 P 2/22
The Zen Trust
Contents
| Page | |
|---|---|
| Reference and administrative details of the Charity, its Trustees and advisers | 1 |
| Trustees' report | 2 - 4 |
| Independent examiner's report | 5 |
| Statement of financial activities | 6 |
| Balance sheet | 7 |
| Notes to the financial statements | 8 - 20 |
VirtualSignature Transaction Ref. BWYD-Y597-CRCP 01 Dec 2025 10:13:22 GMT (UTC +0) D 1/2 P 3/22
The Zen Trust
Reference and administrative details of the Charity, its Trustees and advisers For the Year Ended 31 March 2025
| Trustees | Mr Eifion Thomas, Trustee |
|---|---|
| Mr Rohit Shah, Trustee | |
| Dr Desmond Biddulph CBE, Trustee | |
| Miss Judith Clark, Trustee | |
| Registered number CE010551 Charity registered number 1172021 Registered office 58 Marlborough Place London NW8 0PL Independent auditor Kreston Reeves LLP Chartered Accountants Projects Nile House Nile Street Brighton East Sussex BN1 1HW Bankers Barclays Bank PLC 1 Churchill Place London E14 5HP Shawbrook Bank Limited Lutea House The Drive Warley Hill Business Park Great Warley Brentwood Essex CM13 3BE |
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VirtualSignature Transaction Ref. BWYD-Y597-CRCP 01 Dec 2025 10:13:22 GMT (UTC +0) D 1/2 P 4/22
The Zen Trust
Trustees' Report For the Year Ended 31 March 2025
The Trustees present their annual report together with the audited financial statements of the The Zen Trust for the year 1 April 2024 to 31 March 2025.
Structure, governance and management
a. Constitution
The Charity was registered as a Charitable Incorporated Organisation on 13 March 2017 and its governing document is its constitution.
b. Methods of appointment or election of Trustees
Any new appointments are at the recommendation of the board of Trustees.
Objectives and activities
a. Policies and objectives
The objectives of the charity is to advance the Zen Buddhist religion and to promote instruction and teaching thereof for the benefit of the public.
b. Main activities undertaken to further the Charity's purposes for the public benefit
In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the charity commission relating to public benefit. The main activities of the charity are publishing, the holding of classes for both beginners and advanced students, and the provision of opportunities for both sets of individuals to undergo periods of retreat and residential training at our two properties and at other places. The charity owns two properties where both these and regular classes take place.
c. Volunteers
The charity has no employees and is run by volunteers. The trustees would like to thank all volunteers for the time they have devoted to the charity during the year.
Achievements and performance
a. Review of activities
During the year, we held classes in person and also hybrid classes (with attendance in person and on Zoom). Some classes for newcomers are also available in hybrid form and some in person with classes being advertised on Eventbrite. With the success of classes on Zoom during the pandemic, we will continue with classes in person, on Zoom and hybrid classes.
The charity had net loss before gains on investments of £12,602 (2024: net gain of £221,274). After adjusting for a fall in valuation of the investment portfolio of £6,785 (2024: a rise of £38,025), the charity had a net deficit of £19,387 (2024: net surplus of £259,299) for the year.
b. Investment policy and performance
The charity maintains sufficient liquid cash balances that it envisages may be needed in the short term. Remaining funds are either maintained in fixed deposit or invested through investment manager selected by Charities Aid Foundation. Here the charity aims to balance income and growth.
The investment portfolio decreased in valuation by £13,022 during the year (2024: increase in valuation by £37,306).
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The Zen Trust
Trustees' Report (continued) For the Year Ended 31 March 2025
Financial review
a. 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.
b. Reserves policy
The charity owns and administers two properties where retreats and regular classes are held. These were donated to the charity by The Zen Trust (charity number 272496, which is the predecessor of the current CIO). Both properties are over 100 years old and one is grade 2 listed. The cost of maintaining and periodic repairs to these properties requires the Trust to maintain suitable reserves.
At the end of the year total reserves were £7,296,294 (2024: £7,315,681).
At the end of the year unrestricted reserves were £1,036,461 (2024: £1,055,848).
At the end of the year total free reserves were £562,507 (2024: £583,751).
The charity aims to hold £200,000 of free reserves, being 6 months expenditure and reserves to cover adhoc property repairs as required.
c. Principal funding
The principal funding sources are from donations, income from retreats and the sale of publications. The charity also occasionally receives legacies.
We aim to carry on offering the same programme of classes and retreats as in the past since it continues to serve the objective of the charity.
d. Risk management
The charity is mainly reliant on donations and legacies for its income. Legacies, by their very nature, are unpredictable. Donations, too, are dependent on generosity of participants and can fluctuate.
The charity buildings are old and one of them is listed. As such, there can be regular and sometimes unpredicted costs to maintain the buildings.
The charity aims to maintain sufficient liquid balances to mitigate the risks of shortfall in income and for major expenditure on maintenance of the buildings.
Approved by order of the members of the board of Trustees and signed on their behalf by:
Judith Clark 20 Nov 2025 16:48:52 GMT (UTC +0) ...............................................
Miss Judith Clark
Date: 20 November 2025
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The Zen Trust
Trustees' Report (continued) For the Year Ended 31 March 2025
Statement of Trustees' responsibilities
The Trustees (who are also the directors of the Charity for the purposes of company law) are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the Trustees to prepare financial statements for each financial year. Under company law, the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Charity and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:
-
select suitable accounting policies and then apply them consistently;
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observe the methods and principles of the Charities SORP (FRS 102);
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make judgments and accounting estimates that are reasonable and prudent;
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state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements;
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in business.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Charity's transactions and disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They 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.
Approved by order of the members of the board of Trustees and signed on their behalf by:
Judith Clark 20 Nov 2025 16:48:52 GMT (UTC +0)
................................................
Miss Judith Clark Trustee Date: 20 November 2025
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The Zen Trust
Independent examiner's report For the Year Ended 31 March 2025
Independent examiner's report to the Trustees of The Zen Trust ('the Charity')
I report to the charity Trustees on my examination of the accounts of the Charity for the year ended 31 March 2025.
Responsibilities and basis of report
As the Trustees of the Charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act').
I report in respect of my examination of the Charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiner's statement
Your attention is drawn to the fact that the Charity has prepared the accounts in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn.
I understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act; or
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the accounts do not accord with those records; or
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the accounts do 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.
This report is made solely to the Charity's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the Charity's Trustees those matters I am required to state to them in an Independent Examiner's Report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Charity and the Charity's Trustees as a body, for my work or for this report.
Signed: Dated: 01 December 2025 Alison Jones 01 Dec 2025 10:13:21 GMT (UTC +0) Alison Jones, FCA Kreston Reeves LLP Brighton
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The Zen Trust
Statement of financial activities (incorporating income and expenditure account) For the Year Ended 31 March 2025
| Note Income from: Donations and legacies 3 Charitable activities 4 Investments 5 Total income Expenditure on: Raising funds 6 Charitable activities 7 Total expenditure Net (expenditure)/income before net (losses)/gains on investments Net (losses)/gains on investments Net movement in funds Reconciliation of funds: Total funds brought forward Net movement in funds Total funds carried forward |
Restricted funds 2025 £ - - - - - - - - - - 6,259,833 - 6,259,833 |
Unrestricted funds 2025 £ 46,012 5,485 31,142 82,639 1,870 93,371 95,241 (12,602) (6,785) (19,387) 1,055,848 (19,387) 1,036,461 |
Total funds 2025 £ 46,012 5,485 31,142 82,639 1,870 93,371 95,241 (12,602) (6,785) (19,387) 7,315,681 (19,387) 7,296,294 |
Total funds 2024 £ 289,337 9,635 3,281 |
|---|---|---|---|---|
| 302,253 | ||||
| 1,475 79,504 |
||||
| 80,979 | ||||
| 221,274 38,025 |
||||
| 259,299 | ||||
| 7,056,382 259,299 |
||||
| 7,315,681 |
The Statement of financial activities includes all gains and losses recognised in the year.
The notes on pages 8 to 20 form part of these financial statements.
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The Zen Trust Registered number: CE010551
Balance Sheet As at 31 March 2025
| 2025 | 2025 | 2024 | ||||
|---|---|---|---|---|---|---|
| Note | £ | £ | ||||
| Fixed assets | ||||||
| Tangible assets | 12 | 6,274,929 | 6,276,642 | |||
| Investments | 13 | 458,858 | 455,288 | |||
| 6,733,787 | 6,731,930 | |||||
| Current assets | ||||||
| Stocks | 14 | 1,696 | 2,521 | |||
| Debtors | 15 | 14,926 | 13,240 | |||
| Investments | 16 | 415,436 | 448,177 | |||
| Cash at bank and in hand | 133,599 | 137,513 | ||||
| 565,657 | 601,451 | |||||
| Creditors: amounts falling due within one | ||||||
| year | 17 | (3,150) | (17,700) | |||
| Net current assets | 562,507 | 583,751 | ||||
| Total net assets | 7,296,294 | 7,315,681 | ||||
| Charity funds | ||||||
| Restricted funds | 18 | 6,259,833 | 6,259,833 | |||
| Unrestricted funds | 18 | 1,036,461 | 1,055,848 | |||
| Total funds | 7,296,294 | 7,315,681 |
The Charity was entitled to exemption from audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.
The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements.
The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime.
The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:
Judith Clark 20 Nov 2025 16:48:52 GMT (UTC +0)
................................................
Miss Judith Clark Trustee Date: 20 November 2025
The notes on pages 8 to 20 form part of these financial statements.
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The Zen Trust
Notes to the Financial Statements For the Year Ended 31 March 2025
1. General information
The charity is a Charitable Incorporated Organisation registered in England and Wales.
The registered office and principal place of business of the charity is:
58 Marlborough Place, London, NW8 0PL.
2. Accounting policies
2.1 Basis of preparation of financial statements
The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
The Zen Trust meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.
The accounts have been prepared in Sterling and are rounded to the nearest £1.
2.2 Going concern
At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
2.3 Income
All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.
For legacies, entitlement is taken as the earlier of the date on which either: the charity is aware that probate has been granted, the estate has been finalised and notification has been made by the executor(s) to the Trust that a distribution will be made, or when a distribution is received from the estate. Receipt of a legacy, in whole or in part, is only considered probable when the amount can be measured reliably and the charity has been notified of the executor's intention to make a distribution. Where legacies have been notified to the charity, or the charity is aware of the granting of probate and the criteria for income recognition have not been met, then the legacy is treated as a contingent asset and disclosed if material.
Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
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The Zen Trust
Notes to the Financial Statements For the Year Ended 31 March 2025
2. Accounting policies (continued)
2.4 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably.
Charitable activities and Governance costs are costs incurred on the charity's operations, including support costs and costs relating to the governance of the charity.
Expenditure on raising funds includes all expenditure incurred by the Charity to raise funds for its charitable purposes and includes costs of all fundraising activities events and non-charitable trading.
Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charity's objectives, as well as any associated support costs.
2.5 Interest receivable
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Charity; this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited.
2.6 Tangible fixed assets and depreciation
Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation.
Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, on a reducing balance basis.
Depreciation is provided on the following basis:
Motor vehicles - 20% reducing balance Fixtures and fittings - 15% reducing balance
2.7 Freehold properties - Temples
Freehold properties are not depreciated. In no case is the estimated useful life of the building less than fifty years and the estimated value is likely to be more than the amount at which the properties are carried in the balance sheet. Any depreciation would, therefore, be immaterial and no provision has been made in the financial statements.
2.8 Investments
Fixed asset investments are a form of financial instrument and are initially recognised at their transaction cost and subsequently measured at fair value at the Balance Sheet date, unless the value cannot be measured reliably in which case it is measured at cost less impairment. Investment gains and losses, whether realised or unrealised, are combined and presented as ‘Gains/(Losses) on investments’ in the Statement of Financial Activities.
2.9 Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks.
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The Zen Trust
Notes to the Financial Statements For the Year Ended 31 March 2025
2. Accounting policies (continued)
2.10 Debtors
Other debtors are recognised at the settlement amount. Prepayments are valued at the amount prepaid.
2.11 Cash at bank and in hand
Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
2.12 Liabilities and provisions
Liabilities are recognised when there is an obligation at the Balance Sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.
Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.
2.13 Financial instruments
The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
2.14 Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.
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The Zen Trust
Notes to the Financial Statements For the Year Ended 31 March 2025
3. Income from donations and legacies
| Donations Donations Legacies |
Unrestricted funds 2025 £ 46,012 Unrestricted funds 2024 £ 47,660 241,677 289,337 |
Total funds 2025 £ 46,012 |
|---|---|---|
| Total funds 2024 £ 47,660 241,677 |
||
| 289,337 |
4. Income from charitable activities
| Unrestricted funds 2025 £ Income from charitable activities - Advance and promote the instruction and teaching of the Zen Buddhist religion 5,485 Unrestricted funds 2024 £ Income from charitable activities - Advance and promote the instruction and teaching of the Zen Buddhist religion 9,635 |
Total funds 2025 £ 5,485 |
|---|---|
| Total funds 2024 £ 9,635 |
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The Zen Trust
Notes to the Financial Statements For the Year Ended 31 March 2025
5. Investment income
| Dividend income Investment income Investment income 6. Investment management costs |
Unrestricted funds 2025 £ 12,092 19,050 31,142 Unrestricted funds 2024 £ 3,281 |
Total funds 2025 £ 12,092 19,050 |
|---|---|---|
| 31,142 | ||
| Total funds 2024 £ 3,281 |
||
| Unrestricted funds 2025 £ Management fees 1,870 Unrestricted funds 2024 £ Management fees 1,475 7. Analysis of expenditure on charitable activities Summary by fund type |
Total funds 2025 £ 1,870 |
|---|---|
| Total funds 2024 £ 1,475 |
|
| Unrestricted | ||
|---|---|---|
| funds | Total | |
| 2025 | 2025 | |
| £ | £ | |
| Advance and promote the instruction and teaching of the Zen Buddhist | ||
| religion | 93,371 | 93,371 |
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The Zen Trust
Notes to the Financial Statements For the Year Ended 31 March 2025
7. Analysis of expenditure on charitable activities (continued)
Summary by fund type (continued)
| Unrestricted | ||
|---|---|---|
| funds | Total | |
| 2024 | 2024 | |
| £ | £ | |
| Advance and promote the instruction and teaching of the Zen Buddhist | ||
| religion | 79,504 | 79,504 |
8. Analysis of expenditure by activities
| Advance and promote the instruction and teaching of the Zen Buddhist religion Advance and promote the instruction and teaching of the Zen Buddhist religion |
Activities undertaken directly 2025 £ 76,076 Activities undertaken directly 2024 £ 49,619 |
Support costs 2025 £ 17,295 Support costs 2024 £ 29,885 |
Total funds 2025 £ 93,371 |
|---|---|---|---|
| Total funds 2024 £ 79,504 |
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The Zen Trust
Notes to the Financial Statements For the Year Ended 31 March 2025
8. Analysis of expenditure by activities (continued)
Analysis of direct costs
| Rates and water Light and heat Telephone and internet Administration and office costs Additions to equipment Sundries and consumables Food Repairs and maintenance Garden Motor expenses and travel Depreciation of fixtures and fittings Publication costs Sesshin costs |
Advance and promote the instruction and teaching of the Zen Buddhist religion 2025 £ 6,851 8,312 1,342 2,665 1,386 4,214 7,152 33,236 1,534 2,028 1,713 2,157 3,486 76,076 |
Total funds 2025 £ 6,851 8,312 1,342 2,665 1,386 4,214 7,152 33,236 1,534 2,028 1,713 2,157 3,486 |
|---|---|---|
| 76,076 |
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The Zen Trust
Notes to the Financial Statements For the Year Ended 31 March 2025
8. Analysis of expenditure by activities (continued)
Analysis of direct costs (continued)
| Rates and water Light and heat Telephone and internet Administration and office costs Additions to equipment Sundries and consumables Food Repairs and maintenance Garden Motor expenses and travel Depreciation of fixtures and fittings Publication costs Sesshin costs |
Advance and promote the instruction and teaching of the Zen Buddhist religion 2024 £ 7,059 6,111 997 2,906 629 2,774 7,619 10,665 1,294 1,731 2,126 1,230 4,478 49,619 |
Total funds 2024 £ 7,059 6,111 997 2,906 629 2,774 7,619 10,665 1,294 1,731 2,126 1,230 4,478 |
|---|---|---|
| 49,619 |
Analysis of support costs
| Insurance Administration and office costs Governance costs |
Support costs 2025 £ 13,606 477 3,212 17,295 |
Total funds 2025 £ 13,606 477 3,212 |
|---|---|---|
| 17,295 |
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The Zen Trust
Notes to the Financial Statements For the Year Ended 31 March 2025
8. Analysis of expenditure by activities (continued)
Analysis of support costs (continued)
| Insurance Administration and office costs Governance costs |
Support costs 2024 £ 11,615 461 17,809 29,885 |
Total funds 2024 £ 11,615 461 17,809 |
|---|---|---|
| 29,885 |
9. Independent examiner's remuneration
| 2025 | 2024 | |
|---|---|---|
| £ | £ | |
| Fees payable to the Charity's independent examiner for the audit of the | ||
| Charity's annual accounts | - | 15,000 |
| Fees payable to the Charity's independent examiner for the independent | ||
| examination of the Charity's annual accounts | 3,150 | - |
| Fees payable to the Charity's independent examiner in respect of: | ||
| All other services not included above | - | 2,809 |
10. Staff costs
The average number of persons employed by the Charity during the year was Nil (2024 - Nil)
No employee received remuneration amounting to more than £60,000 in either year.
No key management personnel received remuneration amounting to more than £60,000 in either year.
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The Zen Trust
Notes to the Financial Statements For the Year Ended 31 March 2025
11. Trustees' remuneration and expenses
During the year, no Trustees received any remuneration or other benefits (2024 - £NIL).
During the year ended 31 March 2025, no Trustee expenses have been incurred (2024 - £NIL).
12. Tangible fixed assets
| Cost At 1 April 2024 At 31 March 2025 Depreciation At 1 April 2024 Charge for the year At 31 March 2025 Net book value At 31 March 2025 |
Freehold property £ 6,267,717 6,267,717 - - - 6,267,717 |
Motor vehicles £ 13,000 13,000 5,512 1,498 7,010 5,990 |
Fixtures and fittings £ 3,855 3,855 2,418 215 2,633 1,222 |
Total £ 6,284,572 |
|---|---|---|---|---|
| 6,284,572 | ||||
| 7,930 1,713 |
||||
| 9,643 | ||||
| 6,274,929 |
13. Fixed asset investments
| Cost or valuation At 1 April 2024 Additions Revaluations At 31 March 2025 |
Listed Investments £ 455,288 16,592 (13,022) |
|---|---|
| 458,858 |
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The Zen Trust
Notes to the Financial Statements For the Year Ended 31 March 2025
| 14. Stocks Stocks 15. Debtors Due within one year Amounts owed by related parties Other debtors Prepayments and accrued income 16. Current asset investments Short term deposits 17. Creditors: Amounts falling due within one year Accruals and deferred income |
2025 £ 1,696 2025 £ 1,681 4,696 8,549 14,926 2025 £ 415,436 2025 £ 3,150 |
2024 £ 2,521 |
|---|---|---|
| 2024 £ 1,681 4,602 6,957 |
||
| 13,240 | ||
| 2024 £ 448,177 |
||
| 2024 £ 17,700 |
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The Zen Trust
Notes to the Financial Statements For the Year Ended 31 March 2025
18. Statement of funds
Statement of funds - current year
| Balance at | |||||
|---|---|---|---|---|---|
| Balance at 1 | Gains/ | 31 March | |||
| April 2024 | Income | Expenditure | (Losses) | 2025 | |
| £ | £ | £ | £ | £ | |
| Unrestricted funds | |||||
| General Funds | 1,055,848 | 82,639 | (95,241) | (6,785) | 1,036,461 |
| Restricted funds | |||||
| Freehold property reserve | 6,259,833 | - | - | - | 6,259,833 |
| Total of funds | 7,315,681 | 82,639 | (95,241) | (6,785) | 7,296,294 |
| Statement of funds - prior year | |||||
| Balance at | |||||
| Balance at | Gains/ | 31 March | |||
| 1 April 2023 | Income | Expenditure | (Losses) | 2024 | |
| £ | £ | £ | £ | £ | |
| Unrestricted funds | |||||
| General Funds - all funds | 796,549 | 302,253 | (80,979) | 38,025 | 1,055,848 |
| Restricted funds | |||||
| Freehold property reserve | 6,259,833 | - | - | - | 6,259,833 |
| Total of funds | 7,056,382 | 302,253 | (80,979) | 38,025 | 7,315,681 |
The restricted reserve fund represents the valuations of the Freehold Properties donated from The Zen Trust on 30 June 2017. There has been no movement on this fund since this date.
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VirtualSignature Transaction Ref. BWYD-Y597-CRCP 01 Dec 2025 10:13:22 GMT (UTC +0) D 1/2 P 22/22
The Zen Trust
Notes to the Financial Statements For the Year Ended 31 March 2025
19. Analysis of net assets between funds
Analysis of net assets between funds - current year
| Tangible fixed assets Fixed asset investments Current assets Creditors due within one year Total |
Restricted funds 2025 £ 6,259,833 - - - 6,259,833 |
Unrestricted funds 2025 £ 15,096 458,858 565,657 (3,150) 1,036,461 |
Total funds 2025 £ 6,274,929 458,858 565,657 (3,150) |
|---|---|---|---|
| 7,296,294 |
Analysis of net assets between funds - prior year
| Tangible fixed assets Fixed asset investments Current assets Creditors due within one year Total |
Restricted funds 2024 £ 6,259,833 - - - 6,259,833 |
Unrestricted funds 2024 £ 16,809 455,288 601,451 (17,700) 1,055,848 |
Total funds 2024 £ 6,276,642 455,288 601,451 (17,700) |
|---|---|---|---|
| 7,315,681 |
20. Related party transactions
The Zen Trust
(A charity controlled by the trustees of The Zen Trust CIO)
At the balance sheet date the amount due from The Zen Trust amounted to £1,681 (2024 - £1,681)
Trustees
During the year the charity received donations totalling £1,970 (2024: £1,490) from the trustees, the donations had no conditions.
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