## 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 Mum￿r..1179887 Independent •Mamln•rf• report to th• trU¥ts￿ of Sam¥th• Tr￿t I r•pon lo the tharity truslees on my examinatK)n ol the ￿Unts of S*n•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¢r￿c8 Wrth the r¥quirement8 of the Charities Act 2011 (t￿ Acn. I r•port In raspe￿ ol my exa￿*￿atiOn ol the Tru8fs ￿￿nts ca￿led urwjer 145 01 Acl ond In carryry ¢Mrt my examlnatlon I have t￿l￿Ved 011 applublo Oirection8 gI￿Tr 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 t￿t kept in respoct ofth• Tw81 as required by #•G*on 130 01 the Act.. or the accwnls do not accord ￿1h those I￿ordS.. or the accoun18 do not comply wrth th• appli¢8bl8 feqLiremènts conc8ming the lorm and crmlertl ol wjunts 8el QLrt in Ch3rrt*s (Accounls and Rèpwmsl R89ulabons 2CO8 other than wy requIreff￿1 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• dI￿n in thiB rgport in ord•r to •n•bltr a propor unders1a￿l[vd of Its xcounts lo be le￿ied. rew Camp 8mpWI Chartere Old Ch The Grèen Lower Boddington Northamplon8hir• NN116YE FCCA unlary Limit •rtifl•d Accountant8 D818.. P October 2025