FROME TRIRATNA BUDDHIST COMMUNITY
**Charity registration number: 1 209748**
Frome Triratna Buddhist Community Annual Report & Financial Statements For Year ended: 31[st] March 2025
1
FROME TRIRATNA BUDDHIST COMMUNITY
## **CONTENTS**
**Reference and Administrative Details Pages 3 Trustees’ Report Pages 4 -5 Statement of financial activities Pages 6 Balance Sheet Page 7 Notes to the financial statements Page 8 - 10**
2
FROME TRIRATNA BUDDHIST COMMUNITY
**Charity name:** Frome Triratna Buddhist Community
**Charity registration number:** 1209748
**Registered office address**
5 Hurds Buildings Frome Somerset BA11 1LR
## **Trustees**
Robert Mason (Chair) Elaine McCadden (Secretary) Leslie McCadden (Treasurer) Jack Eastwood Tony McHenry Laura Thomson
## **Bankers**
Virgin Money Jubilee House, Gosforth, Newcastle upon Tyne, NE3 4PL
3
FROME TRIRATNA BUDDHIST COMMUNITY
## TRUSTEES REPORT
## **Report of the trustees for the year ended 31[st] March 2025**
The trustees present their report along with the financial statements of the charity for the year ended 31[st] March 2025. The financial statements comply with the charity’s trust deed, the Charities Act 1993 and the Statement of Recommended Practice: Accounting and Reporting by Charities 2015.
## **Structure, governance and management**
The charity was established as a **Charitable Incorporated Organisation** on 14[th] May 2024. The charity’s objectives are:
1. Encouraging members and others to live ethical lives in accordance with the teachings of the Buddha;
2. Supporting ordained members of the Triratna Buddhist Community and other duly ordained Buddhists, at
the discretion of the Council of the CIO;
3. Maintaining close communication with and working under the guidance of the Triratna Buddhist Order and
in co-operation with other groups with the same objects; and
4. Using applications of the Buddha's teaching to promote the health and well-being of all.
## **Report for the year**
During the year the charity ran a series of programmes offering teaching in Buddhism, the practice of meditation and the opportunity to develop friendship within a spiritual context.
Classes for regular participants with some existing knowledge of Buddhism were held at St Mary’s Church Hall, Frome, on Thursday evenings. The classes focused on deepening understanding of the basic tenets of Buddhism.
A series of introductory courses were run by a small team on Monday evenings, the course generally running for a six-week period. Course participants were invited to join the Thursday evening class once the introductory course had been delivered.
Study classes for women and for men were conducted throughout the year for those wishing to deepen their knowledge of Buddhism.
An opportunity to experience retreat conditions was provided at Adhisthana Retreat Centre along with retreatants from other Triratna Centres and Groups around the UK.
During the year, regular support was provided by Order Members in Frome for those preparing for ordination into the Triratna Buddhist Order.
Many of our programmes were available to the general public. Some activities were designed for people with a deeper knowledge and interest in Buddhist practice.
4
FROME TRIRATNA BUDDHIST COMMUNITY
The Trustees who served during the year were: Robert Mason (Chair) Elaine McCadden (Secretary) Leslie McCadden (Treasurer) Jack Eastwood Tony McHenry Laura Thomson
## **Risk Management**
The Trustees have assessed the major risks to which the charity is exposed. They are satisfied that there are systems in place to mitigate exposure to major risks. The Trustees have created a Risk Register which will be reviewed annually. The next review is due in September 2025.
## **Business and Financial Review**
The charity had income of £5,387 for the year (2023/24 £12,953) and administrative costs of £4,336 (2023/24 £2,018) giving rise to a surplus for the year of £1,050 (2023/24 £10,935).
Comparative figures for 2023/24 are drawn from the accounts of Frome Triratna Buddhist Community before registration as a charity.
## **Independent Examination of the Charity**
There was no independent examination of the financial records carried out for the year 2024/25 as the charity’s income was below the Charities Commission lower limit for the requirement for an independent examination.
## **Future Plans**
The Trustees plan to build on the successful year’s activities in Frome by offering:
- A programme of regular weekly classes in Buddhism and meditation
- A series of introductory courses
- Separate Buddhist study classes for Women and Men wishing to take their understanding deeper
- • Support for people preparing for ordination into the Triratna Buddhist Order
- Retreats for 1 to 7 days
- Occasional weekend events
Approved by the Trustees on _________________________ and signed on their behalf by:
Robert Mason (Chair) Lesley McCadden (Treasurer) Trustee. Trustee.
5
FROME TRIRATNA BUDDHIST COMMUNITY
## Frome Triratna Buddhist Community
## Income & Expenditure account
## For the year ending 31st March 2025
|Notes
**Incoming Resources**
Incoming resources from generated funds
2
Legacy income
2
**Total incoming resources**
**Resources Expended**
Charitable Activities
3
Governance Costs
4
**Total resources expended**
**Net expenditure for the year/**
**Net movement in funds**
**Reconciliation of Funds**
1st April 2024
**31st March 2025**|**Unrestricte**
**d**
**Restrict**
**ed**
**Total**
**Funds**
**Funds**
**2024/25**
**£**
**£**
**£**
5,387
-
**5,387**
-
-
-
5,387
-
**5,387**
4,336
-
**4,336**
-
-
-
4.336
-
**4.336**
1,051
-
**1,051**
14,700
-
**14,700**
**15,751 **
-
**15,751 **|**Total**
**2023/24**
**£**
**2,953**
**10,000**|
|---|---|---|
|||**12,953**
**2,018**
-|
|||**2, 018**
**10,935**
**3,765**|
|||**14,700**|
6
FROME TRIRATNA BUDDHIST COMMUNITY
## Frome Triratna Buddhist Community
|Balance Sheet
31st March 2025
Notes
**2024/25**
**£**
**Current Assets**
Debtors
6
-
Bank
16,381
16,381
Creditors: amounts falling
due within one year
7
630
**Total Assets less Current Liabilities**
**15,751**
**The funds of the charity**
Unrestricted funds
8
15,751
Restricted funds
-
Total charity funds
**15,751 **||**2023/24**
**£**
-
14,700|
|---|---|---|
|||14,700|
|||-|
||||
|||**14,700**
14,700
-|
|||**14,700**|
7
FROME TRIRATNA BUDDHIST COMMUNITY
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025**
## **1 Accounting policies**
## **Basis of preparation**
The financial statements have been prepared under the historical cost convention and in accordance with the Statement of Recommended Practice 'Accounting and Reporting by Charities (SORP 2015) issued in March 2015 and the Charities Act 2011.
## **Fund accounting policy**
Further details of each fund are disclosed in note 8.
## **Incoming resources**
Donations, legacies and other forms of voluntary income are recognised as incoming resources when receivable.
## **Resources expended**
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries.
## **Governance costs**
Governance costs would include costs of the preparation and examination of the statutory accounts, the costs of Trustees meetings and the cost of any legal advice to trustees on governance or constitutional matters. There were no charges in 2024/25 to Governance, all services were provided on a voluntary basis/
8
FROME TRIRATNA BUDDHIST COMMUNITY
|**2 Voluntary Income**
Donations from classes
Legacies
**3 Charitable Activities**
Running classes & retreats
Total
**4 Governance costs**
Accountancy fees
Trustee meetings|**Unrestricted**
**Restricted**
**Funds**
**Funds**
**£**
**£**
5,387
-
-|**Total**
**2024/25**
**£**
5,387
-
**2024/25**
**£**
4,336
4,336
**Total**
**2024/25**
**£**
**-**
**-**
**-**|**Total**
**2023/24**
**£**
2,953
10,000|
|---|---|---|---|
||**Unrestricted**
**Restricted**
**Funds**
**Funds**
**£**
**£**
**-**
**-**
**-**
**-**||**2023/24**
**£**
2,018|
||||2,018|
||||**Total**
**2023/24**
**£**
-
**-**|
||**-**
**-**||**-**|
## **5 Trustees' remuneration and expenses**
No trustees received any remuneration during the year.
## **6 Debtors**
|**2024/25**
**£**
-|**2023/24**
**£**|
|---|---|
||**-**|
9
FROME TRIRATNA BUDDHIST COMMUNITY
|**7 Creditors: Amounts falling due**
**within one year**
Other creditors - rent
Accruals and deferred income|**2024/25**
**£**
630
**-**
630|**2023/24**
**£**
-
**-**|
|---|---|---|
|||**-**|
|**8 Analysis of funds**
**General funds**
General funds
**Restricted funds**
Restricted funds|**At 1**
**April**
**2024**
**Incoming**
**Resources**
**Resources**
**Expended**
**At 31**
**March**
**2025**
**£**
**£**
**£**
**£**
14,700
5,387
4.336
15,751
**-**
**-**
**-**
**-**|
|---|---|
||14,700
5,387
4,336
15,751|
10