RFG15fERED COMPANY NUMBER.. CE011679 (England and Wzle51 REGIStERED CIM1 NUMBER: 1175672 rtoftht Trustee5 and Fl a Llal Statements E ded30 tember 2023 for Dhamma khaa RJ Francis & Co SUtes l & Z Marshall sInesS Centre Faraday Road Hereford Herefordshire HR49NS
ham Contents ofthe Finand81 Statements for the Year Ended 30 Se tember 2023 Page Report ofthe Trustee5 I to 3 Independent Examlnerfs Rewxt Statement of nall[la1 AdwrEle5 Balance Sheet 6 to 7 Notes to the Flnancial Ststements 8 to 14 Detalled Statement of FlnaMalArtNities 15 10 16
Dhamma Sukhakari ort of the Trustees End ea 2023 The trustees who are a159 director5 of the tharity for the PUTPOW of the Companies Art 2CK)6. present their report vAth the financial staternents of the charity fDrthe yearendÈd 30 September 2023. The trustees have adopted the provlslons of Acctsunting and Reporting by Charitles- statement of Recommended Practice applkable to charitles preparing their accounts In accordance wlth the Flnanclal Reports"ng Standard applicable in the UK and Republic of Ireland IFRS 1021 leffectlve l January 20191. OBJECnVES ANDAcfivinES Alms and Charltable puyposes The Vipaana Trust (Dhamrna &Jkhakaril sts to advance human happine55 through the teachlng of Vopassana rneditation a5 taught by S N Goenka In the tradition of Sayagyl U Ba Khln. A¢tfvllles- meetlng our eharltable purpg During th& period under vieW the Trust rdn residential Wipassana meditstion courses at Its she In Haughley G, Suffi)Ik. The number of full-time aduft participants land numberof toursesl thts yearare summarfsed below- Course type i(kday 2022123 1,449 1191 415 161 59 202V22 1201 297 151 3-day Younwpeople's Iliday Ctse5 are ihe Stsndard introduction to the technique for adult students. old, swdents ihat b those who have already compted a course In this traditlon, may parri¢ipate In these ¢otsrses as well a5 In others that are shorter or longer. A Vlpassatta tourse Is a rewardlng but often demandln8 eXpeence. The Trust has a thorough appllcation process to ensure that appllcants understand the nature of what they are undertaklnK and have a Kood chance of benefiting from their comrnltmentof tlffte and efforL Owdnlsatlon Management of the Trust's affalr51s by a Board ofTrustees supported by a number of commiiteeswhith look aft varfous aspects of m3n3glng the eentre. All trustee5 are dd students who have generalfy sat a number of courses, served on committees and have been involved in the runnlng of the Centre. They are appointed by the Centre reacher to sorve untll the nexr annual general meetln& The charty Is a ao controlkd by Its Govemine corLstitution, whKh is registered wth the Charfty CommS1on. No tharges are made for attendln8 tourges and donations are accepted only from student5 who have successfvlly tompleted a 104ay course. It Is made clear to all partlclpants that these Ilonatlons are not payment for the teaching and accommodatlon that they have received, but contributlons towards the costs of providing courses in the future for others to attend. The donations are called 'dana' la Pali word). Donatlons gfven at the end of a course (course dana) are the main soum of fvndlng for the Trust. It also supported by monthty standing order5 and one-off donations from old students as W211 a5 Student loans of varying amounts and durdtion. Donation5 given at the end of a course are the maln source of funding for thÈ Trust, whlch also r1VeS don3UDllS from old students by way of nKJnthly stsnding orders and one-off donallons. We also receive student loans ofYarytn8amunts and duiatlon. Teaching and serving Iworknngl on courses Is always done on a voluntsry basis. The day to day running of the Centre is done byvolunteers. Page I
hammèsukhakari forthe Year Ended 30 Se ternber 2023 OBJECTIVES AND AME5 Future Strategy The Trust intend5 to increase the paty of the siudent accommodatkn aThJ other facllltks on the site tg enable more sdentS to learn and then prnctise Vfpassana medttstion. Demand for cour5e5 is high and there ts a waiting list on every ¢OUT5e. Flnanclal stat*mt The incoming resources for the year amounted to £399k12022 £318k) and sts £306k12022 £271kl leavin8 a surplus gf £93k12022'. £47kl gInE a reserye balan of £1,277k12022 £L183k). RÈseFves pollty The Trustees operate a pollcy of lovestln8 most of tts liqv¥J funds in improvirbgthe fraalibE5 on the site IAhile ensurlng that it ha5 sufficlent fund5 to meet the antiupated running costs olthe or8anlsation. STruuR GOVERNAN AND MANAGEMENT Go¥ernSn8 do¢ument The charlty Is controlled by its Boveming documen( a deed of tsust, and ty)nstitutes a Ilmited eompaJ)v, Ilmlted by guarante2. as defined bythe Companie5 Act 26. REFERENCE A14D ADMINISTRATIVE DEfAIIS Regtered Company nurnber CE011679 [Enand and Wales) Reglstered Charlty number 1175672 Reglstered office WalnutTree Manor Hèu8hlèy Green Haughlev Stowrnarket IP14 3RQ Trustees M K Sethumadhavan- Cthair M S Bhagwat~Trea5urer G Ma-seI8ry AA Revelev V Prakash GC S Sawyer U M Maheswarl A Forbes M Sethl A Gandhl H Bhundia Ireslgned 30.11.231 M Philllps N Yamaguchl S Patel (resigned 30.11.231 Page 2
ort of the Tru5teES forthe REFERENCE AND ADMINlSlliATIVE OETAILS Independent Examlner AA Houston FCA R l Francis & Co Sulte5 1 & 2 Marshall Bu51ne55 Centre Faraday Road Hereford Herefordshlre HR4 9NS Approved by order of the board of trurtee5 on 22July 2024 and siw)ed on its behalf by: M S Bha8wat-Trustee Page 3
Inde ndent Examlner, Dhamma &Jkhakarf Independent exONe5 reportto th•trustees of Dhamma SukhakaFI I'the CompanVI I report to the charity trustees on my examlnadon ofthe a¢£ounts ofthe Company for the year ended 30 September 2023. Responslbllltles and basls of report As the charfty'5 trustees of the Company land aly) ks direttor5 for the purpose5 of company lawl you are responsible for the preparatlon of the accounts in accordance with the wulrements ofthe Companle5 Act 20061.the 2006 Act'l. Havlng satisfied that the accounts of the Company are not requlred to be audlted under Part 16 of the 2006 Act and are eligible for independent examlnatlon, I report in respect of my examlnatlon of your charlty's accounts as c3rrled out under 5ECtion 145 of the Charlties Att 20U l*he 2011 A1. In orrying out my ltinatIon I have fL41owed the Dlrectjons glven by the Charity Commission underSe(tion 145151 Ibl of the 2011 Art. Independent exwnlnpe5 Statement Slnre your charity'5 gloss Income exceeded E250.IMI your examlner must be a member of a lIed body. I can confirm that l am qualified to undertake the examination because l am a member of the InStite of thartwed Accountants in En8land and Wale5. which is one ol the listed F#)dles. I have completed my examlnatlon. I confinn that no matters have o)me to my attentlDn In connectiDn with the examination givlng me cause to believe.. accountlng records were not kepl in respert of the Company as requlred bySe¢iion 386of the 2C•)6 Act; or the acD)unts do not accord wtth those records.. or the account5 do not comply with the accounting requirernents of Section 3% OF the 21XIS Act other than any requirernent that the accounts 8Ève a true and falr vW whlch not a matter consldered as part of an Independent examination- or thÈ accounts have not been pRpared In atcordance with the method% and prindples of the Ststement of Recommended Practice for attounting and reporting by charilie5 (apIrable to charities preparin& their awunts In accotdante th the Finandal Reporting Stsndard applkable In the UK and Republicof Ireland IFRS 10211. I have no concems and have come across no other matters in COnnectn with the examination to which attention should be drawrTr in th15 report in order to enable a propw understsndlnE of the accounts to be reathed. A Houston FCA The Instltute of thartered Accountsnts In EnBland and Wales RJ Franci5 & Co Sultes l & 2 Marshall Buslness Centre Farad?y Road Hweford Herefordshlre HR4 9NS 22July 2024 Page 4
Sukhakarf Statement of FinarbcklActNitbe5 rthe Year Ended 30 tember 2023 2022 Total funds unre$tted Re5trKted fund fund Total ds INCOME AND ENDOWMENTS FROM tnationS and legacles 375589 387.289 310.903 Other tradlng actlvldes Investment incorne 11,979 3,181 Total 71X) 399,268 318,084 EXPENDMJRE ON Charitable attlvltles Meditation Courses 305A50 270,643 INcOmE 8L71B 11,7 93A18 47,441 RECONCIUATION OF FUNDS Totsl funds broughtforward Z6.375 1.183,33D 1,135,889 TOTAL FUNDS CARRIED FORWARD 1238.673 38,075 1.276.748 1,183,330 The notesform partof these finandal statements Page 5
Dhamma Sukhaka Balance Sheet 30 S tember 2023 2022 Total funds Unr&%tri¢ted fund Restricted fund rotsl funds Notes FIXED ASSErs Tanglble assets 9ts038 372SO 1,978,341 CURRENT ASSErs Debtors Cash It bank and In hand 24,043 432N70 9,586 569,373 578,959 CREDITORS Amounts falltng due within one year IZ92354} 1292.354) 1180,5071 NET CURRENT ASSETS 163334 164,159 398,452 TOTALA55ETS LES5 CURRENY UABIUnES Ury7.172 38.075 2,115,247 2,376,793 CREDITORS Amounts falllng due after more than oneyear io {wrt991 1838W91 11.193,4631 NAssEr5 1,2wr ¥075 1.276,748 1,183,330 FUNDS Unre5tr(cted fund5 Restrlcted funds 1238,673 38,075 1,156,955 26,375 TOTAL FUND5 1,276,748 1,183,330 The charitable company 15 entitled to exemption from audlt under Setthtin 477 of the Companles Act 20C6 for the year ended 30 September 2023. The members have not requlred the company to obtain an audit of its finanaal Statements fDr the year ended 30 Soptember 2023 in accordance with Section 476 of the Companies Act 2(K6. The trustees acknovledge thelr respon5ibilibes for en5urlng that the charltable company keeps accounti records that cornpty wSth Section$ 386 and 387 of the Companies Art 2(K)6 and preparing financial statements whlch glve a true and frdlr view of the state of affrdif5 of the charltable company a5 at the end of eath finandal year and of $ surplus or defidt for each flnanclal ypar In a¢£ordan¢È wlth the requirements of 5ecdon$ 394 and 395 and whlth otherwse compty wlth the requlrements of the Companles Act latIrng to financlal statements.so far as applKable to the charitable company. Ibl The note5form part of these financial statements Pa8e 6 ContInu...
Dhamma Sukhakari Sheet- COnnUed 30Se mber 2023 These finanaal statements have been prepared in accordance wlth the p$10n$ appllrable to thatable companies subject to the small compan% reglme. The flnanclal statements were approved by the Board of frustees aNJ authorised for Issue on 22 July 2024 and were slgned on its behalf by: M S 8hagwat-Tluee The notes form part<rfthe5e financial ststements Pa8e 7
hamma Sukhakari otpsto the F(nancial stateTrts forthe Year E ded 30 Se ember 2023 ACCOUNTING POUCIES Ba45 of preparh)g the flnanclal statemerts The finanual Statements of the Charfttb eompany, whKh is a public benefit entY under FRS 102. have been prepared In ac(ordance with the tharities SORP IFRS 1021 'Acenting and Reporting by tharitNs: Statoment of Recommended Practice applicab to thartties Prepan$ thelr acujunts in accordance with the Financial Reportlng Standard appllcablÈ in the UK and Republic of Ireland IFRS 1021 leffectfve l January 2Q191', Flnanclal Reporting standard 102 'The Financial Rep)rtlng Standard appllL3e in the UK and Republlc of Ireland. and the Companles Acr 26. The financial statements have been prepared underthe historical cost convention. Income I Income 15 recogni5ed in the Statement of Hnandal AV[e$ once the charity has entltlement to the funds, It Is probable that the Income wlll be receNed and the amount can be measured rlab. EXPer[tUre abllitie5 are recognlsed as expendlttjre as soon as there 15 3 IEgal OT con5thJctNe obllgatlon commlttlng the charlty to Ihat expenditts, it is probable that a transfer of e¢(Orni¢ beneffts will be required in settlement and the amount of the obligation can be measured reli3bty. Expenditure is accounted for on an accruals basls and ha5 been dagsified under headings that 088re8ate all cost related to the cate80ry. Where costs cannot be dlrecuy attrlbuted to partlcular headinss they have" been all(yrated to actiwtie5 orj a ba515 consistent with the use of fesources. Tanwblo fixed assets Depredatlon Is provlded atthe f[Dw[ng annual rat&s in orderto wdte off each asset 0r Its estlmated useful life. raxatknn The charEty pt from &))ration tax on its charitable acb¥lties. d ac<ountln8 Unrestrirted funds can be used In accOrdar wtlhthe charitable objectlvesat the dscretion of the trustees. Restrkted funds can onfy be used for partlwlar restrlcted purposes wTthln the oblects of the charity. Restrictlons ar5se when specmed by the donor or when funds are ralsetl for partlcijlar restrthd purposes. . Furtherexplanation of the nature and purp of eath fund is included in the notes to the financial statements. OTHER TRADING AcllviTIES 2022 Grants recelvable PaBe 8 contlnued...
Dhamma Sukhakari Notes to the Financial Sta ts-o) forthe Year Ended 30Se tember 2023 INVESTMENT INCOME 2023 2022 Deposot account interest 11.979 3,181 INCOMEIIEXPENDITURE) Nel Income/lexpendlturel Is stated afterth8rgifi{Cred1trn8). 20Z3 2022 Audltgrs, remuneratlon Depreciation- owned assets Surpluslldefrtitl on dlsposal of ed assets IA14 6622 I952} L266 67,982 23,248 TRUSTEEg REMUNERATION AND BENÉFITS There were no trustees, remunera0 or other benefits for the year ended 30 September 2023 nor for the year ended 30 September 2022. Tw$tses' expenses No trustee5 reNed expense payments for thelr duUes as a tWU5tee. Onetru5tee. A Forbes, was reimbursed out of pcet expenses totallin8 El,530for a peri¢)d they were ¥olunteerfn8 as a ntre manager. COMPARAThES FOR THE STATEMENT OFANANCIALAcrivmEs Unrestrkted fund Restrfcted fund Total funds INCOME AND ENDOWMEiifs FROM DonatSons and leEades 305.778 5,125 310.903 Other tradlng aCtltieS Investment income 3,181 3,181 Tolal 312,959 5,125 318,084 EXPENDuRE ON Charltable actlvltles Meditation Courses 270.643 270.643 INCOME 42.316 5.125 47,441 RECONauATION OF FUNDS Total funds brought forward 1.114.639 21,250 1,135,889 Pa8e9 contlnued...
Dham ukha Notes to e Hnancial Staternents- (onti forthe Year E ded 30 SE tember 2023 COMPARATJVES FOR THE STATEMEpif OF Fif4ANCIALAcrivmES- c<thnued Unrestricted fund Restricted fijnd Totsl funds TOTAL FUNDS CARRIED FORWARD 1,156,955 26,375 1,183,330 TANGIBLE FIXEDASSErs Improvernents Fktures to and property Iitttngs Motor vehldes Totsls COST Ai i October 2022 Additions W75 335?64 2050 22IS.619 59.669 At 30September 2023 L917A74 2A50 22S5,288 DEPRECIATION At l October 2022 Chargeforyear L21047 34.758 237,278 66.922 At 305epternber2023 5,945 155,805 904,ZOO NET BOOK VAWE At 30 September2023 L774529 179.5YJ 51,088 At 30 September 2022 L764,024 214,317 1.978,341 DEBTORS..AMoupifs FALLING DUE WtrHIN ONEYEAR 2023 2022 Trade debtDrs Other debiors Prepayments ,026 ioi 4P16 3,732 3,5(KJ 2,354 9,586 Page 10 contlnuEd...
Dhamma Sukhakari Notes to t nancial 5tstements- contlnue for the Year Ended 30 tember 2023 CREDttORS: AMOUNTS FAWNG DUE winiiN QP4E VEAR 21)23 Z022 Bank loans and o¥erdraft515ee note 111 Other loans (see note 111 Trade credltors Other creditors Accrued expense5 27.926 38.024 119,845 9,221 299 13.118 239 7.721 180,507 io. CREDifoRS: AMIXINIS FAWNG ix AFfER MORE ThAN ONE YEAR 2022 Bank loans (see note 11 Other loans (see note 111 460,999 3775(K* 478,463 715,IXKJ B38.499 1.193.463 ii. LOANS An analy51s of the maturltyof klans $ten belo¥r. 2023 2022 Amounts fallln8 du¢wthiTr one year on demand: Bank loans Other loans 27.926 230,Q)O 38,024 119,845 257,926 157,869 Amounts falllng between one and two years: Bank lo2ns- 1-2 years Otherloans- 1-2 years 40,807 335,1 27,426 39,250 375,807 66,676 Amoun15 frdlllngdue betsveen two and five years: Bank loans- 2-5 year5 (Xhw loan5- 2-5 year5 66.107 99,723 520,000 607 619,723 Amounts falllng due In more than five years- Repayable by instalments- Bank loans more S yr by instal Other loan5 more 5yrs instal 351,314 155.750 507,064 354.085 Page 11 contlnued...
mma Sukhakari tes tD the Nnanaal Statements- continued for the earE 30 Se tember 2023 Iz MOVEMENT IN FUNDS Net rTh)vement in fvn(ts At LIO22 At 30.9.23 Unresirkted fvnds Unrestrlcted Fund 1,156,955 81.718 L238.673 Re5tdcted fund5 Restrlcted Fund 26375 38,075 TOTAL FUIIDS 93.418 1.276.748 Net rywement In funds, induded In the above are as fDIIow5'. Incomln8 resour5 Resources expended Movement in lunds Unrestrlrted funds Unrestricted Fund 1¥)5o501 81.718 Re5trirted fd5 Restrlcted Fund IL7(XI IL700 TOTAL FUNDS 399268 I30550) 93AIB Comparatkrtsfor mobynent IThf Net movemeni in fvnds At 1.10.21 At 30.9.22 Unrastrktéd funds Unrestrkted Fund 1.114,639 42.316 1,156,955 Restrtrted funds Restrttted Fund 21,250 26,375 TOTAL FUNDS 1.135,889 47.441 1,183,330 Page 12 ntlnued...
Ohamma Sukhakari Notesto the Flnancial Statements- contirbued for the Year Ended 30 ember 2023 li MOVEMEMT IN FUNDS-¢orrtlnued coMratIVe net movement In fund* Induded In above are as folh)ws: Incomlng Resources expended Movement In funds Unrestrlcted fd5 Unresirfcted Fund 312,959 1270,6431 42,316 Restrlrted funds Restricted Fund 5,125 5,125 TOTAL FUNDS 318,084 1270.6431 47.441 A current year 12 months and prloryear 12 months combined posttlon is as foll¢)ws: Net movenpnt in funds At 1.10.21 At 30.9.23 Unre51rlrted funds Unrestrfjcted Fund I,lJ4,639 124,034 1.238,673 Restrkted funds Restricted Fund 2L250 16,825 38,075 TOTAL FUNDS 1,135,889 140,859 1.276,748 A Current year 12 nKTrnth5 and prfor year 12 mDllths combf[d net rnOVErnent In fvnds, Induded In the above are a5 folbws: Incomlng resources Rer¢e$ expended Movement Sn funds UnrestrlrtÈd funds Unrestrlcted Fund .527 1576.4931 124,034 RestrKted fund$ Restrleted Fund 16.825 16,825 TOTAL FUNDS 717,352 {576,4931 140,859 Page 13 continued...
Dhammas Notes the Hnandal Statements- continued forthe Year E ded 30 Se tember 2023 CAPITAL COMMITMENYS Capltsl wmmitments authorts bythe board and contrarted fortotalled £20.2k. Capltal commltments authorised bythe board It notcontsatted fortotalled £20.4k. RELATED PARTY DISCL05URES A Forbes, a (harity tru5te4 works a5 a volunteer processln8 appllcatlons for courses. On occasions. lust before course Is about to commence, he make5 hirn5elf avallable to handle the extra demands thls role entalls and he Is reimbursed for thts loss of Income, 2023 ttstal £1.108 12022= EI0561. There were no Other related party transactltsns for the year ended 30th September 2023. Page 14
Dham Detsiled Statementol finandal ActtVitie5 forthe Year Ended 30 Se tember 2023 2023 2022 INCOME AND ENDOWMENTS Donatlons and letacles G1ft5 Donatlons Glft aid 314.263 73,026 263,963 46,315 387,289 310,9)3 Other tr8dln8 actl¥lil8s Grants receivable Investment Inc¢>me Deposlt account Interest 11,979 3,181 Totsl ler 399268 318,084 EXPENDMJRE Charhable artl¥ltles Kr(chen costs Course expenses 84704 5N79 62,979 5,333 90.183 6&312 Supportcosts Management Rates and water In5ur3nce Light and heat Telephonè Postage and stsdonery Motor experkses Property repairs Computer costs Sundry expenses Depreciation of tsngible and heritage assets Los5 on sale of intan8ible fixed assets Los5 on sale of tangIb fixed a55ets 50 7,201 3B.426 ISB3 877 2,179 12.262 6,684 25.364 1,162 789 1,758 34,805 655 2,398 67,983 22,425 823 346 66,922 I952} 176.685 177.108 Flnance Bank charges Carried forward 4,253 4,253 3,585 3,585 This page doe5 notfomi part of the stattttiryfinanclalstatements Page 15
Dhamma Sukhakarl Deta'led Statement of finanrial ActNIt forthe Year Ended 30 Se tember 2023 2023 2022 Flnance Brought forward Bank Interest 4253 31.108 3,585 18,129 35J61 2L714 Governance costs Auditors, remuner2tion AC{unta[V3nd leBal fees IN14 2207 3ffi21 Totsl resou5 expended 270,643 Net Incom¢ 93AI8 47,441 This page doÈs not fom part ofthe statutoryfinanrj315tatents Page 16