RFG15fERED COMPANY NUMBER.. CE011679 (England and Wzle51 REGIStERED CIM1￿ NUMBER: 1175672 rtoftht Trustee5 and Fl a Llal Statements E ded30 tember 2023 for Dhamma ￿kha￿a￿ RJ Francis & Co SU￿tes 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 Vipa￿ana 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 C￿￿tse5 are ihe Stsndard introduction to the technique for adult students. old, swdents ihat b those who have already comp￿ted 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 eXpe￿ence. 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 Comm￿S1on. 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 r￿1VeS 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 A￿M￿E5 Future Strategy The Trust intend5 to increase the ￿pa￿ty of the siudent accommodatkn aThJ other facllltks on the site tg enable more s￿dentS to learn and then prnctise Vfpassana medttstion. Demand for cour5e5 is high and there ts a waiting list on every ¢OUT5e. Flnanclal stat*m￿t The incoming resources for the year amounted to £399k12022 £318k) and ￿sts £306k12022 £271kl leavin8 a surplus gf £93k12022'. £47kl gI￿nE 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. STru￿uR￿ 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 2￿6. REFERENCE A14D ADMINISTRATIVE DEfAIIS Reg￿tered Company nurnber CE011679 [En￿and 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-se￿I8ry 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 ex￿ONe￿5 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 A￿1. In orrying out my ￿l￿tinatIon 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 lI￿ed body. I can confirm that l am qualified to undertake the examination because l am a member of the InStit￿e 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 v￿W 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 (ap￿Irable 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 COnnect￿n 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$￿tted Re5trKted fund fund Total ds INCOME AND ENDOWMENTS FROM t￿nationS and legacles 375589 387.289 310.903 Other tradlng actlvldes Investment incorne 11,979 3,181 Total 71X) 399,268 318,084 EXPENDMJRE ON Charitable attlvltles Meditation Courses 305A50 270,643 ￿￿INcOmE 8L71B 11,7 93A18 47,441 RECONCIUATION OF FUNDS Totsl funds broughtforward Z6.375 1.183,33D 1,135,889 TOTAL FUNDS CARRIED FORWARD 1238.673 38,075 1.276.748 1,183,330 The notesform partof these finandal statements Page 5 Dhamma Sukhaka Balance Sheet 30 S tember 2023 2022 Total funds Unr&%tri¢ted fund Restricted fund rotsl funds Notes FIXED ASSErs Tanglble assets 9ts038 372SO 1,978,341 CURRENT ASSErs Debtors Cash It bank and In hand 24,043 432N70 9,586 569,373 578,959 CREDITORS Amounts falltng due within one year IZ92354} 1292.354) 1180,5071 NET CURRENT ASSETS 163334 164,159 398,452 TOTALA55ETS LES5 CURRENY UABIUnES Ury7.172 38.075 2,115,247 2,376,793 CREDITORS Amounts falllng due after more than oneyear io {wrt991 1838W91 11.193,4631 N￿AssEr5 1,2wr ¥075 1.276,748 1,183,330 FUNDS Unre5tr(cted fund5 Restrlcted funds 1238,673 38,075 1,156,955 26,375 TOTAL FUND5 1,276,748 1,183,330 The charitable company 15 entitled to exemption from audlt under Setthtin 477 of the Companles Act 20C6 for the year ended 30 September 2023. The members have not requlred the company to obtain an audit of its finanaal Statements fDr the year ended 30 Soptember 2023 in accordance with Section 476 of the Companies Act 2(K6. The trustees acknovledge thelr respon5ibilibes for en5urlng that the charltable company keeps accounti￿ records that cornpty wSth Section$ 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- COn￿nUed 30Se mber 2023 These finanaal statements have been prepared in accordance wlth the p￿￿$10n$ appllrable to tha￿table 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-Tlu￿ee The notes form partme Deposlt account Interest 11,979 3,181 Totsl le￿￿r 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 3￿46 66,922 I9￿52} 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 resou￿5 expended 270,643 Net Incom¢ 93AI8 47,441 This page doÈs not fom part ofthe statutoryfinanrj315tate￿￿nts Page 16