**Charity Registered number:**
**1189214**
## **THE ALFOXTON PARK TRUST**
**TRUSTEES' REPORT**
**AND**
**FINANCIAL STATEMENTS**
**FOR THE PERIOD ENDED 31 DECEMBER 2024**
**THE ALFOXTON PARK TRUST**
**FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2024**
|**Contents**|**Pages**|
|---|---|
|Company information|1|
|Trustees' report|2 - 6|
|Statement of financial activities|7|
|Balance sheet|8|
|Notes to the financial statements|9 - 14|
**THE ALFOXTON PARK TRUST CHARITY INFORMATION**
## **Trustees**
Jayaraja Chair Lokabandhu Secretary & Treasurer Robin Collett Philip Shann
(appointed 25 September 2019) (appointed 25 September 2019) (appointed 25 September 2019) (appointed 7 June 2023)
## **CHARITY REGISTERED NUMBER**
1189214 (England and Wales)
## **PRINCIPAL ADDRESS**
Alfoxton Park Estate Alfoxton Park Holford Somerset TA5 1SG,
## **INDEPENDENT EXAMINER**
Bill McGinley Upper Demesne The Turning Garway Herefordshire HR2 8RJ
## **PRINCIPAL BANKERS**
The Co-operative bank PLC PO Box 250 Skelmersdale WN8 6WT
Metro Bank 18-19,Stall,Street Bath BA1 1QB
## **SOLICITORS**
Frederic Hall York House 32 Cheriton Gardens Folkstone Kent CT20 2UR
1
**THE ALFOXTON PARK TRUST TRUSTEES' REPORT FOR THE PERIOD ENDED 31 DECEMBER 2024**
## **Trustees**
The Trustees are pleased to present the Trustees Report together with the financial statements of the charity for the period ended 31 December 2024.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing document**
The Charity is constituted as a Charitable Incorporated Association (CIO) and is governed by its Rules.
## **Appointment of trustees**
The Charity is governed by its Council whose members are all of the Triratna Buddhist Order. The members of the Council, who served throughout the year, are shown below.
The Charity inducts new Council members by providing them with a copy of 'Triratna Chairs & Trustees Handbook (2016), the Charity Commission's 'Responsibilities of Charity trustees' and by discussing their role during council meetings.
Trustees are aware of the Charity Governance Code and fulfil their trusteeships in that spirit - they are thus able to explain the charity's aims and how those aims are achieved, and are confident of the integrity of the charity's function in the public benefit.
## **Risk management**
The Council Members keep under review the principal risks faced by the charity and seek to manage these. The key risks include the many risks associated with construction work, the ability of the charity to retain appropriately skilled volunteers and staff to facilitate running events and other sessions, and the need to retain the support of sufficient donors to ensure the charity can continue to operate.
## **Arrangements for setting pay and remuneration of key management personnel**
The charity seeks to operate as far as possible using volunteers. However if full-time skilled members of the community require financial support, this may be offered at a flat rate of £530 per month.
Two individual members of the Council also hold executive posts for the day-to-day management of the Charity. One of these (the Chairman) is financially supported for doing so; the other (the bookkeeper) does so in a voluntary capacity
## **Day to day delegation of management**
The Council meets bi-monthly, either in person or by Zoom. The Treasurer circulates reports on financial matters to the Council monthly. Day-to-day running of the Charity is undertaken by the on-site management team and directed by the Chair of Trustees, Jayaraja.
## **OBJECTIVES AND ACTIVITIES**
The objectives of the charity are the advancement of the Buddhist religion, in particular:
(a) to encourage members and others to live in accordance with the teachings of the Buddha, with special reference to living, practicing and inspiring others to adopt a simple, natural, and ecologically sustainable approach to life and environmental stewardship, as exemplified by the Buddha and his immediate disciples.
(b) to support ordained members of the Triratna Buddhist Order and other duly ordained Buddhists.
(c) to maintain close communication with and work under the guidance of the Triratna Buddhist Order and in cooperation with other groups with the same objects.
In pursuit of its objects the Charity runs a variety of residential retreats, both introductory and those designed to help people deepen their practice and understanding of Buddhism.
It is also an objective of the Charity to encourage the establishment of a residential community, where Buddhists can live and practice together, initially working on the renovation of Alfoxton Park and subsequently in the running of the Retreat Centre.
2
**THE ALFOXTON PARK TRUST TRUSTEES' REPORT FOR THE PERIOD ENDED 31 DECEMBER 2024**
## **REVIEW OF ACTIVITIES**
See chairman's report below.
## **PUBLIC BENEFIT**
When planning the activities for the year, the trustees considered the Charity Commission's guidance on public benefit and are satisfied that the Charity's activities met the principles laid out in that guidance.
The Charity's strategy for achieving its objectives is to agree a list of priorities for the year and to move towards these objectives through agreeing actions at Council meetings, on site, and in meetings with visitors and local neighbours.
## **DIRECTORS AND MEMBERS OF THE BOARD OF TRUSTEES**
The Directors and Members of the Board of Trustees who served during the year were: • Jayaraja Chair (appointed 25 September 2019) • Lokabandhu Secretary & Treasurer (appointed 25 September 2019) • Robin Collett (appointed 25 September 2019) • Philip Shann (appointed 7 June 2023)
- Philip Shann
3
**THE ALFOXTON PARK TRUST TRUSTEES' REPORT FOR THE PERIOD ENDED 31 DECEMBER 2024**
## **FINANCIAL REVIEW**
Incoming resources for the year amounted to £228,432, which was comprised of donations, income from events and interest on bank reserves. Expenditure excluding the building renovation project amounted to £136,892. Over £40,000 was spent on building renovations.
## **RESERVES POLICY**
The Trustees aim to have a reserve level equalling approximately 6 months' of expenditure, slightly higher than would be appropriate if income was more certain. Unrestricted expenditure for 6 months is estimated at £37,000, calculated as essential core running expenses including bills and food.
The charity’s closing total asset balance was £1,549,184 including a restricted reserves fund totalling £24,525 and fixed assets of £1,417,200. The closing balance of its net current assets (free reserves) stood at £107,385.
## **PLANS FOR FUTURE PERIODS**
The charity is currently focusing its efforts in two areas. Firstly, the renovation of the buildings at Alfoxton Park so that they may be brought back into use and run as a Buddhist Retreat Centre. And secondly, operating a summer and autumn schedule of camping retreats in the grounds of Alfoxton Park.
## **FUND-RAISING ACTIVITIES**
The charity has begun an ambitious program of fundraising, seeking support from a range of institutions and supportive individuals.
## **GOING CONCERN**
The charity trustees are confident that it is a going concern.
## **CHAIRS REPORT FOR 2024**
I am pleased to present the annual report for The Alfoxton Park Trust for the year 2024. Building upon the foundations established in previous years, we continue the work of creating a vibrant community which is engaged not only in protecting this historic building but in creating a land-based Buddhist retreat centre with an emphasis on the arts.
Continuing Our Commitment to Community:
Our community continues to thrive, with deepening friendships and engagement with the project. Throughout the year we have hosted approximately 50 volunteers, comprising both members of the local community and many international visitors from around the world. These volunteers join us for varying lengths of time to contribute to our ongoing work, strengthening both our global connections and our roots in the local area.
Our day revolves around a harmonious blend of renovation work, ecological restoration, hosting retreats, and the day-to-day tasks of communal living. This rhythm of the weeks, the community activities and working alongside each other continues to support friendship and a deep sense of connection. The Three Jewels of Buddhism: Central to our practice is commitment to the Three Jewels - the Buddha, the Dharma, and the Sangha. These ‘jewels’ inspire and inform our actions, reminding us of the importance of cultivating mindfulness, navigating life’s complexities with grace, and supporting one another on the path of cultivating wisdom and compassion. We now host three mitra study groups each Monday evening and have initiated regular full moon practice days of meditation, reflection and Dharma study. Each morning includes a brief Dharma talk in 2024 a regular the theme was friendship and the spiritual life.
## Our Activities in 2024:
In 2024, our activities can be divided into four core strands, each aligned with our commitment to fostering a community. Retreats: We have continued our practice of bringing together Buddhist teachings and Western culture by hosting a range of retreats. In 2024 we held a two-week meditation intensive, three singing and mantra retreats, an awakening creativity arts retreat, a mindful communication retreat, and three working retreats with different Buddhist centres bringing members of their communities here to help with the work and practice together. We also hosted three land-based retreats focusing on caring for the trees and land, tending the garden, and a harvest retreat where we processed, froze and pickled the produce from our garden.
4
**THE ALFOXTON PARK TRUST TRUSTEES' REPORT FOR THE PERIOD ENDED 31 DECEMBER 2024**
## Property Restoration:
Our commitment to restoring the dilapidated Grade 2 listed Manor House and the surrounding buildings has progressed significantly. We had an in-depth survey undertaken of the roof and top floor and completed the urgent and essential work to prevent further decline of the roof. We completed the sewage system with the installation of the biodigester, a project that had been awaiting environmental planning permission. We renovated the kitchen, repairing walls where plaster had deteriorated, and beautified the space with fresh decoration. We have addressed the worst of the ground floor windows which have now been stripped, rebuilt, painted and re-glazed and restored. Additionally, we created two new compost loos to support our sustainable living practices.
## 2. Caring for the Land:
Recognizing the ecological significance of Alfoxton Park, we have been actively engaged in preserving and enhancing its natural beauty. With support from Quantock Landscape Partnership and nationally recognised tree expert Paul Rutter, we have planted a number of native trees and cared for recently planted trees, which continue to do well. This year we also began work on a disabled accessible gardening area, created a pond in the walled garden, and continued our permaculture practices with five new graduates from our Permaculture Design Course. A significant achievement was nearly two months of the majority of our fruit and vegetables coming directly from our garden, marking an important step toward self-sustainability.
## 3. Arts and Culture:
We held numerous arts events throughout the year, a beautiful addition to the grounds and close to the house has been the transformation of a dead tree trunk into the form of an albatross in memory of the first reading of ‘The Rime of the Ancient Mariner’.
We hosted a winter concert featuring classical music, poetry and singing. In the summer months we hosted two musical performances, one of classical music and another of jazz. This year also saw the formation of a choir bringing together members of the Alfoxton community and local residents, further strengthening our artistic presence and community bonds.
## 4. Mental Health:
We continued our focus on promoting mental health and wellbeing through our various retreats and community activities. A significant development this year was hosting an 8-week event led by Exeter University focused on nature connection and mental health specifically for men. Additionally, the mindful communication retreat, singing and mantra sessions, and our land-based work all contribute to creating a nurturing environment for psychological wellbeing. We also hosted a day for refugees staying in Bridgwater, on their visit they worked in the garden, enjoyed the grounds and played games and music together.
Looking Forward:
In the past year, our community has grown stronger, our connections with local and global communities more vibrant, and our infrastructure significantly improved. The completion of key projects such as the biodigester and kitchen renovation marks important milestones in our journey.
As we move forward, I look forward to detailing the successes of 2025, with gratitude to all who have given of their time, skills and energy to help Alfoxton Park.
Yours sincerely, Jayaraja Chair of the Board of Trustees of Alfoxton Park Trust
5
## **THE ALFOXTON PARK TRUST TRUSTEES' REPORT FOR THE PERIOD ENDED 31 DECEMBER 2024**
## **STATEMENT OF TRUSTEES RESPONSIBILITIES**
The Trustees are responsible for preparing the Annual Report and the financial statements in accordance with applicable law and regulations.
The Trustees are required to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of the charity, including the net income and expenditure of the charity for the year. In preparing these financial statements, the Trustees are required to:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charities SORP
- make judgements and estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to
- presume that the company will continue in business.
This report has been prepared in accordance with the statement of recommended practiceAccounting and Reporting by Charities.
This report was approved by the Trustees on 26[th] August 2025
and signed on their behalf by
Jayaraja Trustee
6
## **THE ALFOXTON PARK TRUST STATEMENT OF FINANCIAL ACTIVITIES (Incorporating the Income and Expenditure Account) FOR THE PERIOD ENDED 31 DECEMBER 2024**
|notes
**Income From**
Grants and Donations
2
Charitable activities
3
Other Income
**Total Income**
**Expenditure on**
Charitable Activities
4
**Total Expenditure**
**6**
Net gains (losses) on investments
**Net Income**
**(Expenditure)**
Transfer between funds
**Net Movement in Funds**
**Reconciliation Of Funds**
Funds brought
forwards
Total Funds carried forward|**2024**|**2023**|
|---|---|---|
||Unrestricted
Funds
Restricted
Funds
Total
Funds
£
£
**£**
191,877
191,877
35,175
35,175
20
20
**227,072**
**0**
**227,072**
136,892
136,892
**136,892**
**0**
**136,892**
1,360
0
1,360
**91,540**
**0**
**91,540**
40,337
(40,337)
**0**|Total
Funds
£
89,715
27,580
3,107|
|||**120,403**|
|||133,803|
|||**133,803**|
|||162|
|||**(13,239)**
0|
||**131,877**
**(40,337)**
**91,540**|**(13,239)**|
||1,392,784
64,861
1,457,645|1,470,884|
||1,524,661
24,524 1,549,184
|1,457,645|
## **Continuing Operations**
None of the charity's activities were discontinued during the current year. All of the charity's activities are continuing.
The notes on pages 12 to 17 form part of these financial statements.
7
**THE ALFOXTON PARK TRUST BALANCE SHEET**
AS AT 31 December 2024
|Notes
**Fixed Assets**
Tangible Assets
9
**Current Assets**
Debtors and Prepayments
10
Cash at bank and in hand
**Liabilities**
Creditors :amounts falling due
within one year
11
**Net Current Assets**
**Liabilities**
Creditors :amounts falling due
after one year
12
**Net Assets**
**The Funds of the Charity**
Restricted Funds
14
Unrestricted Funds
14
**Total Charity Funds**|**2024**
£
1,417,200
13,670
154,574
**168,244**
(36,260)
**131,984**
0
**1,549,184**
24,525
1,524,585
**1,549,184**|**2023**|
|---|---|---|
|||£
1,401,797
25,377
168,619|
|||**193,996**
(38,148)|
|||**155,848**
(100,000-)|
|||**1,457,645**
64,861
1,392,784|
|||**1,457,645**|
The financial statements were approved by the board of trustees on 26[th] August 2025 and signed on its behalf by:
## **Jayaraja (Chair of Trustees)**
Trustee
The notes on pages 9 to 15 form part of these financial statements.
8
**THE ALFOXTON PARK TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2024**
## **1. STATEMENT OF ACCOUNTING POLICIES**
## **1.1 Basis of preparation of financial statements**
The financial statements have been prepared under the historical cost convention, as modified by the revaluation of investments, and in accordance Financial Reporting Standard 102 – 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' ('FRS 102'), and 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 (FRS102) (effective 1 January 2019).
The Alfoxton Park Trust meets the definition of a public benefit entity under FRS 102.
The presentation currency of the financial statements is the Pound Sterling (£).
## **1.2 Charitable status**
The charity is a CIO registered with the Charities Commission on 27 April 2020 and its trustees appointed under its constitution on 21 September 2019.
## **1.3 Fund accounting**
General funds are unrestricted funds which are available for use at the direction of the trustees in the furtherance of the general objectives of the company 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 which have been raised by the company for particular purposes. The cost 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.
## **1.4 Income**
Voluntary income including donations, gifts and legacies and grants that provide core funding or are of a general nature are recognised where there is entitlement, certainty of receipt and the amount can be measured with sufficient reliability. Such income is only deferred when:
- The donor specifies that the grant or donation must only be used in future accounting years; or
- The donor has imposed conditions, which must be met before the charity has unconditional entitlement.
Investment income is included when receivable.
## **1.5 Expenditure**
All expenditure is accounted for on an accruals basis and has been included under expense categories that aggregate all costs for allocation to activities. Where costs cannot be directly attributed to particular activities they have been allocated on a basis consistent with the use of the resources. Expenditure includes any VAT which cannot be fully recovered.
9
**THE ALFOXTON PARK TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2024**
## **1. STATEMENT OF ACCOUNTING POLICIES (CONTINUED)**
## **1.6 Debtors**
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
## **1.7 Creditors and provisions**
Creditors and provisions are recognised where The Alfoxton Park Trust has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
## **1.8 Going concern**
The Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. The trustees believe the charity is well placed to manage its business risks successfully despite the current uncertain economic outlook. Accordingly, they continue to adopt the going concern basis in preparing the annual report and accounts.
## **1.9 Tangible fixed assets and depreciation**
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Land and Buildings 2% per annum straight line Furniture and equipment 10% per annum straight line Motor Vehicles 25% per annum straight line
The Trustees have estimated the value of land in proportion to the land and building and have considered that an estimate of 20% of the original purchase costs is reasonable and should not be depreciated.
10
**THE ALFOXTON PARK TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2024**
## **2. Donations and Legacies**
|**2. Donations and Legacies**
**2024**
Unrestricted Funds
Restricted Funds
Total Funds
Donations
180,271 - 180,271
Gift Aid
11,606 - 11,606
191,877
- 191,877
**3. Income from charitable activities**
**2024**
Unrestricted Funds
Restricted Funds
Total Funds
Retreats and other events
35,175 - 35,175
35,175 - 35,175
**4. Charitable expenditure**
**2024**
Direct Costs Support Costs
Total
(note 4a)
(note 4b)
Retreats and other events
13,176
13,176
Projects: Buddhist
108,488 14,530 123,019
Governance
697 697
121,664 15,227 136,892
**_4a. Direct costs_**
**2024**
Staff costs
11,364
11,364
Rent & council tax
19,724
19,724
Insurance
17,799
17,799
Repairs and maintenance
-
-
Depreciation
27,649
27,649
Bank charges
681
681
Legal and professional fees
713
713
Food for the community
28,979
28,979
Vehicle expenses
1,579
1,579
Admin and other costs
-
108,488 - 108,488
**_Governance:_**
Audit /Examination
352
352
Accountancy
345
345
697
697|**2023**
Total Funds
89,715
-|
|---|---|
||89,715|
||**2023**
Total Funds
27,580|
||27,580|
||**2023**
Total
7,775
126,028|
||133,803|
||**2023**
15,797
26,853
12,311
3,012
26,571
789
-
26,887
2,543
-|
||114,943|
||181|
||181|
11
THE ALFOXTON PARK TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2024
|**4b. SUPPORT COSTS**
Office and admin expenses
Travel and meetings
Utility bills
Volunteer expenses|**2024**
£
**4,454**
**916**
**9,161**
**14,530**|**2023**|
|---|---|---|
|||£
**2,072**
**1,479**
**7,034**
**500**|
|||**11,085**|
## **6. ANALYSIS OF RESOURCES EXPENDED BY EXPENDITURE TYPE**
|**6. ANALYSIS OF RESOURCES EXPENDED BY EXPENDITURE TYPE**|**ENDED BY EXPENDITURE TYPE**|||
|---|---|---|---|
|Staff costs
Depreciation
&
Amortisation
Other costs
£
£
£
Charitable activities
11,364
27,649
97,879
**11,364**
**27,649**
**97,879**
**7. NET INCOME**
The excess of expenditure over income is stated after charging:
Depreciation of fixed assets - owned by the charity
Auditors & examiners remuneration||**2024**
Total
£
**136,892**
**136,892**
**2024**
**£**
**27,649**
**352**|**2023**|
||Staff costs
Depreciation
&
Amortisation
Other costs
£
£
£
11,364
27,649
97,879||Total
£
**133,803**|
||**11,364**
**27,649**
**97,879**||**133,803**|
||||**2023**|
||||**£**
**26,571**
**-**|
|**8. STAFF COSTS**
**2024**
£
Wages and salaries
**10,956**
Social security costs
**-**
Other pension costs
**408**
**11,364**
**The average monthly number of employees during the year was as follows:**
Project workers and administrative
staff
No employee received remuneration totalling to more than £60,000 in this
year.|**2023**
£
**15,166**
**-**
**631**
**15,797**
**2024**
**2**|**2023**|
|---|---|---|
|||**3**|
The Chairman of the Charity received remuneration of £6,360 in his capacity as Director of the building project
12
NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2024
## THE ALFOXTON PARK TRUST
|**9. TANGIBLE FIXED ASSETS**
Freehold land &
buildings
**£**
**Cost**
Balance at 31/12/2023
1,487,126
additions in the period
40,337
**Balance at 31/12/2024**
**1,527,463**
**Depreciation**
at 31/12/2023
92,662
Charge for the period
25,532
**Balance at 31/12/2024**
**118,194**
**Net book value**
**At 31/12/2024**
**1,409,269**
**at 31/12/2023**
**1,394,464**
Fixed assets are all used for charitable purposes.|Furniture &
equipment
**£**
9,079
2,716
**11,795**
2,684
1,179
**3,863**
**7,932**
**6,395**|Motor
vehicles
**£**
3,750
-
**3,750**
2,813
937
**3,750**
**-**
**937**|Total
**£**
**1,499,955**
**43,053**|
|---|---|---|---|
||||**1,543,008**|
||||**98,159**
**27,649**|
||||**125,808**|
|||||
||||**1,417,201**|
|||||
||||**1,401,796**|
|||||
|**10. DEBTORS**
Prepayments and accrued income
Other debtors|**2024**
**£**
13,670
-
**13,670**|**2023**|
|---|---|---|
|||**£**
25,377
**-**|
|||**25,377**|
13
THE ALFOXTON PARK TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2024
|**11. CREDITORS: amounts falling due within one year**
**Trade creditors**
**Accruals and deferred income**
**Private Loans**
**12. CREDITORS: amounts falling due after one year**
**Private loan**|**2024**
**2023**|
|---|---|
||£
£
**1,260**
**2,798**
**350**
**35,000**
**35,000**|
||**36,260**
**38,148**|
||**2024**
**2023**|
||£
£
**100,000**|
||**100,000**|
## **13. ANALYSIS OF NET ASSETS BETWEEN FUNDS**
## **Unrestricted**
||**Unrestricted**|
|---|---|
|Fixed assets
Current assets
Current liabilities
Long term liabilities|**Funds**
**Restricted Funds**
**2024 Total**
**2023**|
||**£**
**£**
**£**
**£**
**1,392,677**
**24,524**
**1,417,201 1,401,797**
**168,170**
**168,170**
**193,995**
**(36,260)**
**(36,260)**
**(38,148)**
**0**
**0**
**(100,000)**|
||**1,524,586**
**24,524**
**1,549,110**
**1,457,644**|
## **14. MOVEMENT IN FUNDS**
|**14. MOVEMENT IN**
**FUNDS**||
|---|---|
|Unrestricted Funds
Restricted Funds:
Alfoxton Park Renovation
Tree planting appeal
Total Restricted funds
Total funds|at 31
December
2023
incoming
resources
outgoing
resources
transfers
at 31
December
2024
**£**
**£**
**£**
**£**
**£**
1,392,782
228,358
(136,892)
40,337
1,524,585
64,861
(40,337)
24,525|
||**107,146**
**0**
**0**
**(40,337)**
**24,525**|
|||
||**1,470,885**
**228,358**
**(136,892)**
**1,549,110**|
The Alfoxton Park Renovation restricted fund was established for the renovation of Alfoxton Park and outbuildings to create a retreat centre for Buddhist and artistic events.
The transfer of £40,337 to unrestricted funds is the amount capitalised in the period.
## **15. RELATED PARTY TRANSACTIONS**
The charity is not controlled by any one individual.
During the year there were no material related party transactions.
14
INDEpENDEr WMINEKS REPORTTO THE TRUSfEES OF THE AIFOXTON TRUST
I report on the accounts of the charlty the Triratna Trust for the Year Ended 31° December 2024
RESPECTIVE RESPONSIBULTIES OF TRusfEES AND EXAMINER
As the charitys tTUStees you are responsible for the preparatx>n of the accounts: you consider that
the audit requirement of section 43{2)e of the Charitie5 Art 1993 {the Act) does not appty,. it is my
responsibility to stste, on the basis of procedures specified in the General Directions given by the
charity Commissioners under section 4317) Ibl of the A¢ whether particular matters have come to
my attention.
BASIS OF INDEPENDENT EXAMINERS REPORT.
My examinatron was carried out in accordance with the General Directions given by the Charity
Commissioners. An examination includes a review ofthe accounting records kept by the charity and
comparison of the accounts presented with records. It indudes consideration of any unusual items
or disclosures in the accounts and seekin8 explanations from you as trustees concerning such
matters. The procedures undertaken do not provide ewdence that would be required in an audi¢
and consequently I do not express an audit opinion given by the accounts.
INDEPENDENT EXAMINER. STATEMENT
All records that were asked for were provided to me in my examination. and no matters came to
light that SLw¥ested true and accurate records were not being kept
Signed:
W. McGin
ey
Upper Demesne.
The Turnin&
Garway.
HR2 8RJ
21 August 2025