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2024-12-31-accounts

Trustees Annual Report

Year ending 31 December 2024.

Welcome to our fourth annual report, to be filed with the Charities commission on xx July 2025.

Our Purpose

The purpose of Bodhicharya UK is to advance the understanding and practice of the Buddhist faith and philosophy by promoting the Bodhicharya principles of healing, helping and harmony. We do this by:

(a) providing meetings, teachings and retreats;

(b) encouraging and participating in interfaith and intercultural dialogue;

(c) promoting and supporting well-being in body, mind and spirit; and

(d) supporting the relief of those in need.

The trustees take account of the guidance issued by the Charity Commission on public benefit in all of its activities.

Chairperson’s Statement

The theme of this year has been teamwork and collaboration as we successfully negotiated the lease of a building with our partners at Medway Council for the establishment of Bodhicharya UK’s and Medway’s first Buddhist Centre. In addition to this we have had a fruitful year hosting Buddhist teachings, in-person and online, with local group leaders, as well as internationally recognised visiting teachers, which included an inspiring visit to Rochester by our Patron, Ringu Tulku Rinpoche and a wonderful residential retreat at Aylesford Priory with Tsering Paldron.

Some more highlights of our activity to date include:

We extend our thanks and gratitude to our Patron Ringu Tulku Rinpoche for his continuing inspiration, guidance and support, and to the Medway Mayor at the time, Madame Mayor Nina Gurung (now Councillor Nina Gurung), the Deputy Leader of the Council, Councillor Teresa Murray and David England, Head of Valuation and Asset Management, for their continued encouragement and support in the endeavour to establish the new centre.

Our success is also directly linked to the hard work of our core team, group leaders and network of volunteers and friends throughout the UK who are too numerous to mention. We have made steady progress in difficult times, and I’d like to personally thank everyone for their time, energy, commitment and consistency in moving us forward and helping fulfil our objectives and vision for the benefit of all.

Over the next 12 months we plan to:

Thank you all for an inspiring and beneficial start to the Bodhicharya UK project. I look forward to continuing our work together over the next 12 months and fulfilling the charity’s objectives for the benefit of all.

Financial Summary

For the year ending 31 December 2024, the surplus for the charity increased to £26,730 from £4,161 at the end of 2023. This increase is largely due to the generous gift donated from former Trustee and Treasurer David Fry, following the execution of his will. The bank balance position of the charity has therefore strengthened from £10,906 at the end of 2023 to £37,636 at the end of 2024. This is a good position for the charity to be in going into 2025 and entering a new lease for the Centre. The Trustees have decided to invest a portion of these funds into a savings account, whilst ensuring the necessary funds for 2025 are available in the charity’s current account.

Administrative Details

Charity registration number: 1190768; constituted as a Charitable Incorporated Organisation.

Principal address : 43 Trinity Road, Gillingham, Kent, ME71JA

Trustees :

Cesare Saguato (Chair) Jay Rao (Treasurer) Sally MacKinnon Stuart McCleod Michele Sisto

Notes

Declaration

The trustees declare that they have approved the accounts in Appendix 1.

Signature:
Full name:
Jay Rao
Position: Treasurer
Date:
17 May 2025

aBodhicharya UK AWAKEN THE HEART BY OPEliING THE 3IIND Appendix 1: 2024 Accounts

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Brenda Peers-Ross 29 Drift Road Selsey Chichester West Sussex PO20 0PW

To the Trustees: BODHICHARYA UK Registered Charity Incorporated Organisation (CIO) Number: 1190768

INDEPENDENT EXAMINER’S REPORT ON THE ACCOUNTS

Responsibilities and basis of report I have Independently Examined the Financial Statements on form CC16a, for the financial year ending 31[st] December 2024.

Respective responsibilities of Trustees and Examiner

As the charity’s trustees, you are responsible for the preparations of the accounts in accordance with the requirements of the Charities Act 2011 (“the 2011 Act”). The charity’s Trustees consider an audit is not required for this year under section 144(2) of the Charities Act 2011 and that an independent examination is needed.

I report on my examination of the Charity’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Basis of Independent Examiner’s Report

My examination was carried out in accordance with general Directions given by the Charity Commission and in accordance with section 145 of the Charities Act 2011. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with these records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from you and the trustees concerning such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair view’, and the report is limited to those matters set out in the next statement.

Independent Examiner’s Statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in material respect:

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Brenda Peers-Ross

Brenda Peers-Ross FMAAT ACIE 21[st] July 2025