The Samatha Trust
Trustees’ Annual Report for the year ended 5 April 2025
www.samatha.org
The Samatha Trust is registered with the Charity Commission of England and Wales. It is a Charitable Incorporated Organisation, No. 1179867 (entered on Register of Charities 10 September 2018).
The Samatha Trust’s address is: The Samatha Centre, Greenstreete, Llangunllo, Nr Knighton, Powys, LD7 lSP. The charity trustees during the year to 5 April 2025 were:
Mr R. R. Adkins Chairman Ms F. Warren Secretary Dr M. Rowlands Treasurer Ms A.Woods Dr P.A. Dennison Dr J. Elsner Mr C.G. Gilchrist Dr C. King Mrs D. Raikes Mr C.M.M. Shaw
New trustees are appointed by the Trustees.
The Trust sponsors classes, lectures and courses in advancement of the Buddhist religion, most notably through teaching Samatha meditation. Classes are provided by affiliated groups at various locations around the UK – for example in London, Manchester, Milton Keynes, Oxford and Cambridge. Most expenses are funded locally and teaching is provided by unpaid volunteers. The Samatha Trust has no full-time employees.
The Samatha Trust continues to maintain a healthy financial position. Donations meet the costs of running each of our three centres: Greenstreete in Mid-Wales; Manchester and Milton Keynes as well the provision of residential courses. Apart from weekends for beginners, no charge is made for courses.
We provide a full programme of residential courses/retreats at Greenstreete including Beginners’ Weekends that are open to all. In-person meetings, open to all take place at each of the centres. We continue to offer regular on-line meditation classes for new and continuing members, nationally and internationally, and weekly on-line groups on Buddhist teachings and meditation.
During the past year the re-wilding project at Greenstreete that benefits the local and wider regional environment has continued to progress.
Robert R. Adkins, Chairman On behalf of the Trustees - 10th January 2026
| AJC EDIT copy' | THE SAMATHA TRUST | |||
|---|---|---|---|---|
| REPORT OF THE TRUSTEES | ||||
| ACCOUNTS FOR THE YEAR ENDED | 5th April | 2025 | ||
| Page | ||||
| Contents | ||||
| Accounting policies | 2 | |||
| Statement of Assets and Liabilities | 4 | |||
| Notes forming part of the accounts | 6 | |||
| General Fund income and expenditure account | 8 | |||
| Land Account income and expenditure account | 9 | |||
| Samatha South (formerly London Appeal) Income and expenditure account | 10 | |||
| Appendices to the General Fund income and expenditure account | 11 |
2025
5th April
THE SAMATHA TRUST
ACCOUNTING POLICIES
FOR THE YEAR ENDED
Basis of preparation
These accounts have been prepared under the historical cost convention with items recognised at cost or transaction
value unless otherwise stated in the relevant notes to these accounts.
The accounts have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 and the Charities Act 2011
Recognition of Income
These are included in the Statement of Financial Activities (SoFA) when:
-
the charity becomes entitled to the resources;
-
it is more likely than not that the trustees will receive the resources: and
-
the monetary value can be measured with sufficient reliability.
There has been no offsetting of assets and liabilities, or income and expenses, unless required or permitted by the FRS 102 SORP
Grants and donations are only included in the SoFA when the general income recognition criteria are met (5.10 to 5.12 FRS 102 SORP).
Gift Aid receivable is included in income when there is a valid declaration from the donor. Any Gift Aid amount recovered on a donation is considered to be part of that gift and is treated a the same fund as the initial donation unless the donor or the terms of the appeal have specified otherwise
Income from interest, royalties and dividends is included in the accounts when receipt is probable and the amount receivable can be measured reliably.
Expenditure and liabilities
Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out resources and the amount of the obligation can be reasonable certainty
No material item of deferred income has been included in the accounts.
The charity has creditors which are measured at settlement amounts less any trade discounts.
Tangible fixed assets for use by the charity
These are capitalised if they can be used for more than one year. They are valued at cost.
They are depreciated at the following rates:
On machinery and tools at 25%, giving a 4-year lifetime
On fixtures and fittings at 10%, giving a 10-year lifetime
On buildings at 5%, giving a 20-year lifetime
Land is not depreciated
When assets are disposed of (i.e. scrapped or sold), the cost of these should be deducted from the depreciation reserve and the disposal value (cash obtained on trade-in value) should reserve They should of course also be deducted at cost from the relevant asset account
Investments
Fixed asset investments in quoted shares, traded bonds and similar investments are valued at cost.
Unrestricted funds
Funds are to be split between:
GENERAL FUND
LAND FUND SOUTH FUND and DEPRECIATION RESERVE FUND
THE SAMATHA TRUST
| STATEMENT OF ASSETS AND LIABILITIES FOR THE YEAR ENDED 5 APRIL 2025 NOTES ASSETS 4 Fixed assets 5 Investments Current Assets 2 Cash at bank 3 Income tax recoverable (gift aid claimed after April 2025) Current liabilities Bank loan re Samatha South Centre Trade Creditors Members loans repayable Liabilities:amounts due in more than one year Bank loan re Samatha South Centre UNRESTRICTED FUNDS RECONCILIATION FOR THE YEAR ENDED 5 APRIL 2025 |
2024 819,252 32,693 |
2025 760,075 33,105 |
|
|---|---|---|---|
851,945 183,417 9,757 |
793,180 188,582 10,994 |
||
| 1,045,104 (27,718) - (26,930) |
992,756 (18,891) - (9,975) |
||
| 990,456 | 963,890 | ||
| - | |||
| 990,456 | 963,890 | ||
| 2024 | 2025 |
| Opening balance as at 6th April Adjustment to mortgage balances Adjustment to fixed assets Adjusted opening balance Excess / (shortfall) of income over expenditure for the year: (1) General (2) Land (3) Samatha Trust South (formerly London): CAF Cash and Gold accounts Total movement in the year Depreciation charge Mortgages received less repayments Member loans received less repayments reflected in Income & Expenditure Closing balance as at 5th April 2025 |
1,023,847 0 0 |
1,023,847 0 0 |
990,456 0 0 |
|---|---|---|---|
| 1,023,847 26,114 (16,400) 2,349 |
990,456 10,569 (6,776) 3,036 |
||
| 12,063 (65,454) 12,000 8,000 990,456 0 |
6,829 (59,177) 8,827 16,955 963,890 |
||
| 0 |
THE SAMATHA TRUST NOTES FORMING PART OF THE ACCOUNTS
FOR THE YEAR ENDED 5 APRI
1 STATUS
The Samatha Trust is a registered charitable incorporated organisation, number 1179867
| 2 Cash at Bank No.1 current account No. 2 current account CAF account CAF Cash (Samatha Trust South account) CAF Gold (Samatha Trust South account) Cash in hand (Samatha Trust South account) Lloyds bank, Mortgage/Loan servicing 3 Income tax recoverable (Gift Aid) Income tax on standing orders (in No 1 account) Income tax on gifts (not recovered already) Income tax on Samatha South donations by standing orders |
2024 2025 71,132 82,553 83,933 19,269 22,431 78,544 3,880 6,182 260 267 0 0 1,780 1,767 |
|---|---|
| 183,417 188,582 |
|
| 6,369 6,055 125 1,441 3,263 3,498 |
|
| 9,757 10,994 |
| 4 Fixed assets |
Land Green-streete Shrine Hall Southern Centre Manchester Centre Fixtures & fittings Tools & Machinery |
|---|---|
| Cost or valuation As at 5th April 2024 Additions As at 5th April 2025 Depreciation As at 5th April 2024 Charge for period As at 5th April 2025 Net Book Value As at 5th April 2024 |
101,616 344,989 130,667 504,255 36,032 5,522 679,288 - - - |
| 101,616 344,989 130,667 504,255 36,032 5,522 679,288 |
|
| 0 344,989 130,667 262,122 36,032 5,522 203,785 0 0 0 25,213 0 0 33,964 |
|
| 0 344,989 130,667 287,335 36,032 5,522 237,750 |
|
| 101,616 -0 0 242,134 0 0 475,503 |
|
| As at 5th April 2025 | 101,616 -0 0 216,921 0 0 441,538 |
| Depreciation rate | 5% 5% 5% 10% 0 5% |
Depreciation is charged on a straight-line basis.
The land and Greenstreete property were acquired at a cost of £69,105 and £73,408 respectively. All assets are held for use by the Samatha Trust in pursuit of the Trust's objectives.
| 5 Investments at cost J P Morgan Emerging markets JPMorgan Japan Fund Accumulation Shares AXA Framlington Japan Fund Accumulation Units The market value of the investments at 30 April 2025 was: £61,138 Net dividends, reinvested directly into the funds (2023-24 £406.77) were: £412.68 |
2024 2025 12,608 12,649 10,040 10,201 10,044 10,255 |
|---|---|
| 32,692 33,105 |
|
THE SAMATHA TRUST STATEMENT OF FINANCIAL RESOURCES
| GENERAL FUND INCOME AND EXPENDITURE FOR THE YEAR ENDED 5 APRIL 2025 INCOME No 1 account Standing orders (gross, not incl G/A) - No1 account No 2 account Cash/cheque donations from courses at Greenstreete (gross) Donations from PeoplesFundraising/Paypal (gross) not incl gift aid claimed in 23/24 Sumup Course fees Solar Panels (Greenstreete) CAF account Gift Aid Bank interest Insurance claim for OWL Manchester donations Local group grant repayments Investment income EXPENDITURE CAF accountMonthly bank fee Member interest-free-loan repayment Boonman visit Accountant fee IT Miscellaneous |
2024 2025 41,429 28,620 11,877 9,008 36,042 43,849 0 15 2,440 2,984 1,321 1,370 19,655 0 170 0 999 500 0 0 0 413 |
|---|---|
| 93,608 107,083 |
|
| 65 60 8,000 16,955 5,864 7,733 930 990 1,386 196 2,154 150 |
| Insurance | 5,710 | 5,903 | ||||
|---|---|---|---|---|---|---|
| Manchester Library grant | 300 | 300 | ||||
| Support for beginners' classes | 0 | 631 | ||||
| Subscription to THIRTYONEEIGHT | 24,554 | 145 | 0 | |||
| No | 2 | account General from No 2 account (see Appendix 1) | 33,226 | 8,672 | 9,535 | |
| Samatha Centre, Greenstreete from No 2 account (see Appendix 2) | 34,595 | 54,062 | ||||
| 67,821 | 96,515 | |||||
| (Shortfall) / Excess of income over expenditure | 25,787 | 10,569 | ||||
| LAND ACCOUNT | ||||||
| INCOME AND EXPENDITURE | ||||||
| FOR THE YEAR ENDED 5 APRIL 2024 | 2024 | 2025 | ||||
| INCOME | ||||||
| Grass Keep / Grazing | 3,459 | 3,609 | ||||
| Wetland payment | - | |||||
| NRW Payment | 10,412 | 1,085 | ||||
| Orchard rent | 600 | |||||
| Wayleave | 214 | |||||
| Total | 14,085 | 5,294 | ||||
| EXPENDITURE | ||||||
| Hedges, fields and fences | 6,977 | 972 | ||||
| Woodlands | 4,014 | 6,811 | ||||
| Garden/lawns | 2,776 | 4,287 | ||||
| Wetlands improvements + dredging wetland pool | 5,024 | |||||
| Tree cutting | 214 | |||||
| Cascades/pond | 2,416 | |||||
| Huts | - | 0 | ||||
| Resurface drive + Turnabout hut | 9,063 | |||||
| Improve wetlands fd | - |
| Dredge wetland pool Excess / (Shortfall) of income over expenditure Page 10 SAMATHA - SOUTH CAFcash & Gold ACCOUNT (Formerly London Appeal) INCOME Bank interest Donation (one-off) Donation (All Standing Order & GAYE) Gift aid recovered (BACS & cash donations) from CAF Gift aid recovered (online donations) Interest free loan Solar payment TOTAL EXPENDITURE Bank charges Computer/Internet Contingency Council Tax Food Garden House Contents Insurance Interest free loan repayment Maintenance (Ext & Int) |
0 |
|---|---|
| 30,485 12,070 |
|
| (16,400) (6,776) 2024 2025 14 17 7,506 8,456 14,348 13,395 5,400 0 0 0 1,551 1,185 |
|
| 28,819 23,052 |
|
| 60 60 2,851 2,991 668 521 363 437 2,528 |
| Meetings Mortgage: To Loan Servicing Post/stationery Projects Publicity Travel (teachers) Utilities Combined (Telephone, Gas, Electric) Water TOTAL Income less Expenditure = |
330 320 20,724 10,725 2,281 2,082 352 |
|---|---|
| 27,278 20,016 |
|
| 1,541 3,036 |
THE SAMATHA TRUST APPENDICES 1 & 2 - BREAKDOWN OF EXPENDITURE ending April 2025 GENERAL EXPENDITURE (MG, No 2 account)
| Newsleter Publicity Computer/Internet/Natonal Online Meetngs incl travel AGM Post/Statonery Bank Charges Administrator Administrator Materials Total Expenditure: General GREENSTREETE EXPENDITURE (MG, No 2 account) Food Travel (Teachers and Cooks) House contents Caretaker (BLUE) materials Caretaker (BLUE) labour |
2024 2025 - - 675 1,676 1,813 1,862 - 55 121 - 12 - - - 4,719 5,678 1,332 263 |
|---|---|
| 8,672 9,535 |
|
| 14,456 13,148 327 1,183 2,555 6,167 1,241 2,398 7,480 |
THE SAMATHA TRUST
| Projects / outsourced maintenance Huts Telephone Electricity Calor Gas Oil Water Council Tax Waste disposal Library Contngency -400 for plants Additonal Accommodaton Course refund Tools Total Expenditure: Greenstreete Appendix 3: Mortgage for the Milton Keynes Centre LOAN SERVICING ACCOUNT Opening bank balance: Closing bank balance: Change: Incomings from Samatha South account: (476 x 12) and single payment Total = Outgoings to BL account: |
- 4,475 - 3,402 781 972 3,647 3,703 426 363 3,823 3,432 599 581 5,418 5,806 587 627 724 76 - - - - - - 8 250 |
|---|---|
| 34,594 54,062 |
|
| 2024 2025 1093.06 1779.83 1779.83 1767.03 686.87 -12.8 5712 5712 5000 5000 15712 10712 15025 10724.8 |
| Incomings minus Outgoings | 687 | -12.8 |
|---|---|---|
| BL ACCOUNT | ||
| Opening bank balance | -39717.64 | -27,717.41 |
| Closing bank balance: | -27,717.41 | -18,890.88 |
| Change: a decrease in the loan of: | 12,000.03 | 8,826.53 |
| INCOMINGS: from Loan Servicing | 15025 | 10724.80 |
| OUTGOINGS: | ||
| Capital repayment | 10,000 | 7000 |
| Interest payments | 3524 | 1898.27 |
| Monthly repayments | 2188 | 1826.51 |
| Total | 15,712 | 10724.78 |
Financial as an addition to
è rneasured with be added to this
includes SS gold and BL accounts L 2025
TOTAL
1,802,369
0
1,802,369
983,117 59,177 1,042,294
819,252
760,075
52,872
32,917 42,452
all gift aid is included in the CAF account
"
lincl 7,0001
Inthpnd•nt Examln•ls q8port to the Tru8t••s of The S•m2tha Tnmt Charbty Mumr..1179887 Independent •Mamln•rf• report to th• trU¥ts of Sam¥th• Trt I r•pon lo the tharity truslees on my examinatK)n ol the Unts of Sn•thg Trust Ilhe Trust) kv the ygar ended 5 April 2025. R••pon•lbllltb•¥ and b••l• of report A$ the thanty tntstees ol the Trust you are re4%Mibltr % ts prep8r•tw of th& xc¢unts In acc¢rc8 Wrth the r¥quirement8 of the Charities Act 2011 (t Acn. I r•port In raspe ol my exaatiOn ol the Tru8fs nts caled urwjer 145 01 Acl ond In carryry ¢Mrt my examlnatlon I have tlVed 011 applublo Oirection8 gITr by the Charity Cofflfflis$ion und8r 8aCtiM 1451511bl of ihe Ind•p•nd•nt •XAmlnerf •tst•rnenl I have compléted my examination I confinn that no matwBI matterd cfrn my •tt•ntts) In with ihtr 8xarninatic gNiry m• cau ty bekn in any matwial rel.. 8¢ts)unbng records were tt kept in respoct ofth• Tw81 as required by #•Gon 130 01 the Act.. or the accwnls do not accord 1h those IordS.. or the accoun18 do not comply wrth th• appli¢8bl8 feqLiremènts conc8ming the lorm and crmlertl ol wjunts 8el QLrt in Ch3rrts (Accounls and Rèpwmsl R89ulabons 2CO8 other than wy requIreff1 Ihal Ihe a¢ownts give a tru• nd laif view which 18 not a mattw con&dered Pcrt of an ifhl8peThlent examinat. I have no conc•m8 •ThJ h•ve ¢onw rx0 M rAhw mattern in with th• •xamin•t to attwthn •l¥wkl b• dIn in thiB rgport in ord•r to •n•bltr a propor unders1al[vd of Its xcounts lo be leied. rew Camp 8mpWI Chartere Old Ch The Grèen Lower Boddington Northamplon8hir• NN116YE FCCA unlary Limit •rtifl•d Accountant8 D818.. P October 2025