2025-03-31-accounts - The London Buddhist Centre

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`CouncilMembers`	`DrP Groves`
	`SandraTurner(Suryagupta),Chair`
	`MsC Edwards`
	`MrD Waterston(Resigned09.07.24)`
	`MrO Brock(Resigned29.10.24)`
	`MsJ Weiss`
	`DrD Showman`
	`MrG Miller`
	`MrR Crow-Mains`
	`MsH Burgess`
	`MsA Ticher(Appointed09.07.24)`
	`MrP Anaya(Appointed18.02.25)`
`CharityNumber`	`255420`
`Auditor`	`SafferyLLP`
	`StCatherine’sCourt`
	`BerkeleyPlace`
	`Clifton`
	`Bristol`
	`BS81BQ`
`Bankers`	`LloydsBank`
	`70-71Cheapside`
	`London`
	`EC2V6EN`
	`TriodosBank`
	`11ThePromenade`
	`Clifton`
	`Bristol`
	`BS83NN`
	`ClydesdaleBankPLC`
	`London`
	`SW1Y4ND`
`Solicitors`	`EdwardHarte& Co`
	`6PavilionParade`
	`Brighton`
	`EastSussex`
	`BN11RA`

	`Page`
`TheChair'supdate`
`CouncilMembers’report`
`StatementofCouncilMembers’responsibilities`
`IndependentAuditor'sreport`	`8-11`
`StatementofFinancialActivities`
`BalanceSheet`
`StatementofCashFlows`
`NotestotheAccounts`	`15-32`

19 December 2025

		`Unrestricted`	`Restricted`	`Total`	`Total`
		`funds`	`funds`
	`Notes`	`2025`	`2025`	`2025`	`2024`
		`£`	`£`	`£`	`£`
`Incomefrom:`
`Donationsandlegacies` `Charitableactivities`	`ulw`	`208,105` `1,241,553`	`16,378` `-`	`224,483` `1,241,553`	`317,764` `1,250,751`
`Tradingactivities- shops`	`bh`	`483,547`	`-`	`483,547`	`365,792`
`Investments`	`HD`	`45,286`	`-`	`45,286`	`20,750`
`Totalincome`		`1,978,491`	`16,378`	`1,994,869`	`1,955,057`
`Expenditureon:`
`Raisingfunds- shopsrunning` `costs`		`603,178`	`-`	`603,178`	`360,280`
`Charitableactivities`		`1,489,826`	`16,857`	`1,506,683`	`1,584,789`
`Totalresourcesexpended`		`2,093,004:`	`16,857`	`2,109,861`	`1,945,069`
`Netincome/(expenditure)for` `theyear`		`(114,513)`	`(479)`	`(114,992}`	`9,988`
`Netlossesoninvestments`	`14`	`(21,916)`	`-`	`(21,916)`	`(40,279)`
`Netmovementinfunds`		`(136,429)`	`(479)`	`(136,908)`	`(30,291)`
`Fundbalancesat1 April2024`		`4,465,594`	`24,309`	`4,489,903`	`4,520,194`
`Fundbalancesat31March` `2025`		`4,329,165`	`23,830`	`4,352,995`	`4,489,903`

			`2025`		`2024`
	`Notes`	`£`	`£`	`£`	`£`
`Fixedassets`
`Tangibleassets`	`15`		`3,959,902`		`3,987,527`
`Investmentproperties`	`16`		`944,769`		`966,685`
			`4,904,671`		`4,954,212`
`Currentassets`
`Stocks`	`17`	`15,196`		`19,166`
`yanduewithinone`	`18`	`86,381`		`145,662`
`Cashatbankandinhand`		`589,126`		`615,116`
		`690,703`		`779,944`
`Creditors:Amounts`
`failingdue`
`withinoneyear`	`19`	`(328,121)`		`(229,261)`
`Netcurrentassets`			`362,582`		`550,683`
`Totalassetslesscurrent`			`5,267,253`		`5,504,895`
`liabilities`
`Creditors:Amounts`
`fallingdueaftermore`
`thanoneyear`	`20`		`(914,258)`		`(1,014,992)`
`Netassets`			`4,352,995`		`4,489,903`
`Incomefunds`
`Restrictedfunds`	`24`		`23,830`		`24,309`
`Designatedfunds`	`25`	`3,980,875`		`3,954,593`
`Generalunrestricted`		`348,290`		`511,001`
`funds`
			`4,329,165`		`4,465,594`
`TotalFunds`			`4,352,995`		`4,489,903`
`Thefinancialstateme`	`wereapproved`	`[7-1-2` `bytheCouncilMembersOnwhliscsessseeersenes`
`(Suryagupta),Chair` `SandraTurne`
`Trustee`


`Notes`		`£`	`£`	`£`				`£`
`Cashflowsfromoperating`
`activities`
`Cashgeneratedfromoperations`	`28`	`221,458`		`296,354`
`Interestpaid`		`(75,999)`		`(82,270)`
			`145,459`			`214,084`
`Investingactivities`
`Purchaseoftangiblefixedassets`		`(93,498)`		`(316,846)`
`Proceedofdisposaloffixedassets`		`6,075`			`-`
`Interestreceived`		`7,086`		`14`
`Netcashusedininvesting`			`(80,337)`			`(316,832)`
`activities`			`,`				`,`
`Financingactivities`
`Repaymentofbankloans`		`(91,112)`		`(84,687)`
`Netcashusedinfinancing` `activities`			`(91,112)`			`(`	`84,687`	`)`
`Netincreaseincashandcash`			`(25,990)`			`(187,435)`
`equivalents`
`Cashandcashequivalentsatbeginning`			`615.116`				`802.551`
`ofyear`			`’`				`,`
`Cashandcashequivalentsatend` `ofyear`	`28`		`589,126`				`615,116`

	`Unrestricted`	`Restricted`	`Total`
	`funds`	`funds`
	`£`	`£`	`£`
`Legacies`	`2,804`	`-`	`2,804`
`Donations`	`205,301`	`16,378`	`221,679`
`Fortheyearended31March2025`	`208,105`	`16,378`	`224,483`
`Legacies`	`224,600`	`-`	`224,600`
`Donations`	`41,363`	`51,801`	`93,164`
`Fortheyearended31March2024`	`265,963`	`51,801`	`317,764`

	`Unrestricted`	`Unrestricted`
	`funds`	`funds`
	`2025`	`2024.`
	`£`	`£`
`Tradingincome`	`483,547`	`365,792`

	`2025`	`2024.`
	`£`	`£`
`LondonBuddhistCentreevents`	`298,986`	`304,744`
`BreathingSpace`	`64,048`	`63,081`
`RetreatCentreevents`	`452,144`	`496,759`
`PropertiesandResidentialcommunities`	`426,375`	`386,167`
	`1,241,553`	`1,250,751`

`6.`	`Investments`
		`2025`	`2024`
		`£`	`£`
	`Investmentproperty- rentalincome`	`38,200`	`20,750`
	`Bankinterestreceived`	`7,086`		`-`
		`45,286`	`20,750`
`7,`	`Expenditureonraisingfunds- shopsrunningcosts`
		`Unrestricted`	`Unrestricted`
		`funds`	`funds`
		`2025`	`2024`
		`£`	`£`
	`Fundraisingandpublicity`
	`Shoprunningcosts`	`165,118`	`90,624`
	`Staffcosts`	`314,043`	`184,827`
	`Supportandgovernancecosts`	`124,017`	`84,829`
	`Fundraisingandpublicity`	`603,178`	`360,280`

									`509,736`	`43,200`	`834,858`	`1,387,794`	`164,288`	`32,707`	`1,584,789`		`1,523,688`	`61,101`	`1,584,789`		`1,523,688`	`61,101`	`1,584,789`
					`Total`		`2025`	`£`	`524,196`	`42,000`	`727,501`	`1,293,697`	`167,131`	`45,855`	`1,506,683`		`1,489,826`	`16,857`	`1,506,683`
				`Retreat`	`centreevents`		`2025`	`£`	`55,155`	`42,000`	`286,821`	`383,976`			`383,976`		`383,976`		`383,976`		`393,140`		`393,140`
				`Grant`	`payable`		`2025`								`51,528`						`61,726`	`45,499`	`107,225`
				`Buddhist`	`community`		`2025`	`£`	`$2,725`		`317,084`	`369,809`	`34,378`	`9,432`	`413,619`		`413,619`		`413,619`		`376,627`		`376,627`
				`Breathing`	`space`		`2025`	`£`	`28,438`		`9,725`	`38,163`	`9,071`	`2,489`	`49,723`		`49,723`		`49,723`		`106,043`		`106,043`
`TheLondonBuddhistCentre`	`NotestotheFinancialStatements`	`Fortheyearended31March2025`	`8.` `Expenditureoncharitableactivities`	`London`	`Buddhist`	`Centreevents`	`2025`	`£`	`Staffcosts` `387,878`	`Depreciation`	`Charitableactivities` `62,343`	`450,221`	`Shareofsupportcosts(seenote10}` `123,682`	`Shareofgovernancecosts(seenote10)` `33,934`	`607,837`	`Analysisbyfund`	`Unrestrictedfunds` `590,980`	`Restricted funds` `16,857`	`607,837`	`Fortheyearended31March2024`	`Unrestrictedfunds` `386,152`	`Restrictedfunds` `15,602`	`601,754`

	`2025`	`2024:`
	`£`	`£`
`Grantstoinstitutions`
`TriratnaBuddhistOrderCentral`	`33,675`	`32,648`
`FutureDharmaFund`	`2,100`	`2,100`
`Tiratanakola`	`9,345`	`50,313`
`Othergrantsunder£2,000each`	`1,800`	`1,950`
	`46,920`	`87,011`
`Grantstoindividuals`	`4,608`	`20,214`
	`51,528`	`107,225`

	`Support`	`Governance`			`Basisof`
	`costs`	`costs`	`2025`	`2024`	`allocation`
	`£`	`E`	`£`	`£`
`eye` `Depreciation`	`79,123`	`-`	`79,123`	`69,470`	`Stafftimeon` `+s` `activity`
`Postageand`	`899`	`-`	`899`	`684`	`Stafftimeon`
`stationery`					`activity`
`ITcosts`	`25,720`	`-`	`25,720`	`15,710`	`Stafftimeon` `ns` `activity`
`Bankcharges`	`18,772`	`-`	`18,772`	`16,565`	`Stafftimeon` `a` `activity`
`Telephone`	`6,712`	`-`	`6,712`	`1,603`	`Stafftimeon` `_` `activity`
`Travel`	`8,354`	`-`	`8,354`	`10,371`	`Stafftimeon` `_` `activity`
`Sundryexpenses`	`11,705`	`-`	`11,705`	`4,882`	`Stafftimeon`
					`activity`
`Insurance`	`37,163`	`-`	`37,163`	`33,478`	`Stafftimeon`
					`activity`
`Interestpayable`	`75,999`	`-`	`75,999`	`82,270`	`Stafftimeon`
					`activity`
`Auditfees`	`-`	`16,400`	`16,400`	`15,800`	`Governance`
`Legaland`
`professionalfees`	`-`	`56,156`	`56,156`	`30,991`	`Governance`
	`264,447`	`72,556`	`337,003`	`281,824`
`Analysedbetween`
`Fundraising`	`97,316`	`26,701`	`124,017`	`84,829`
`Charitable` `activities`	`167,131`	`45,855`	`212,986`	`196,995`
	`264,447`	`72,556`	`337,003`	`281,824`

`Theaveragemonthlynumberofemployeesduring`	`theyearwas:`
	`2025`	`2024`
	`Number`	`Number`
`LBCcharityshops`	`7`	`6`
`LondonBuddhistcentreevents`	`18`	`19`
`Breathingspace`	`2`	`3`
`Retreatcentreevents`	`3`	`4`
`Buddhistcommunities`	`2`	`2`
`Mandalacafé`	`i5`	`5`
	`47`	`39`
`Employmentcosts`
	`2025`	`2024`
	`£`	`£`
`Wagesandsalaries`	`726,778`	`606,569`
`Socialsecuritycosts`	`51,876`	`39,920`
`Otherpensioncosts`	`55,191`	`48,075`
	`833,845`	`694,564`

	`Suryagupta` `Abhayanandi` `Prajnamanas` `Garavavati` `Satyadasa` `Jyotismati` `Dayanatha` `Sthiramanas` `Maitreyaraja` `Kusalasara` `Sugati` `Saddhaketu`	`(SandraTurner)` `(ClaudineEdwards)` `(OliverBrock)` `(HollyMurray)` `(DavidWaterston)` `(KarenWeiss)` `(AdamShowman)` `(GusMiller)` `(RobertLuisCrow-Mains}` `(HelenSophiaBurgess)` `(AlisonTicher}` `(PedroRaulVidalAnaya)`	`(2024:` `(2024:` `(2024:` `(2024:` `(2024:` `(2024:` `(2024:` `(2024:` `(2024:` `(2024:` `£43,938)` `£20,264)` `£5,500)` `£10,537)` `£2,034)` `Enil)` `£2,090)` `£21,288)` `£18,539)` `£20,512)` `(2024:Enil)` `(2024:£nil)`
`14.`	`Netgains/(losses)oninvestments`
			`2025`
			`£`
	`Revaluation`	`ofinvestmentproperty`	`(21,916)`	`(40,279)`

`angiblefixedassets`
	`Freehald`		`Fixtures`		`Motor`	`Total`
	`landand`		`and`		`vehicles`
	`buildings`		`equipment`
	`£`		`£`		`£`	`£`
`Cost`
`At1 April2024`	`4,842,086`		`171,811`		`13,411`	`5,027,308`
`Additions`	`54,743`		`18,152`		`20,603`	`93,498`
`Disposals`		`”`		`-`	`(11,911)`	`(11,911)`
`At31March2025`	`4,896,829`		`189,963`		`22,103`	`5,108,895`
`Depreciationandimpairment`
`At1 April2024`	`911,697`		`115,048`		`13,036`	`1,039,781`
`Depreciationchargedintheyear`	`91,820`		`23,777`		`5,526`	`121,123`
`Eliminatedondisposal`		`-`		`-`	`(11,911)`	`(11,911)`
`At31March2025`	`1,003,517`		`138,825`		`6,651`	`1,148,993`
`Carryingamount`
`At31March2025`	`3,893,312`		`51,138`		`15,452`	`3,959,902`
`At31March2024`	`3,930,389`		`56,763`		`375`	`3,987,527`

	`2025`
	`£`
`Fairvalue`
`At1 April2024`	`966,685`
`Additions`		`-`
`Netgainsorlossesthroughfairvalueadjustments`	`(21,916)`
`At 31March2025`	`944,769`

`17.`	`Stocks`
		`2025`	`2024`
		`£`	`£`
	`Finishedgoodsandgoodsresale`	`15,196`	`19,166`
`18.`	`Debtors`
	`Amountsfallingduewithinoneyear:`
		`2025`	`2024`
		`£`	`£`
	`Tradedebtors`	`7,894`	`4,700`
	`Otherdebtors`	`15,183`	`17,396`
	`Prepaymentsandaccruedincome`	`63,304`	`123,566`
		`86,381`	`145,662`

		`2025`	`2024`
	`Notes`	`£`	`£`
`Tradepayables`		`48,100`	`13,120`
`Bankloans`	`21`	`99,837`	`90,215`
`Othertaxationandsocial`		`5,461`	`(275)`
`security`
`Deferredincome`		`94,555`	`76,430`
`Othercreditors`		`10,724`	`15,652`
`Accruals`		`69,444`	`34,119`
		`328,121`	`229,261`

			`2025`	`2024`
		`Notes`	`£`	`£`
	`Bankloans`	`21`	`914,258`	`1,014,992`
			`914,258`	`1,014,992`
`21.`	`Loansandoverdrafts`
			`2025`	`2024`
			`£`	`£`
	`Bankloans`		`1,014,095`	`1,105,207`
			`1,014,095`	`1,105,207`
	`Payablewithinoneyear`		`99,837`	`90,215`
	`Payableafteroneyear`		`914,258`	`1,014,992`

`Financialinstruments`
	`2025`	`2024`
	`£`	`£`
`Carryingamountoffinancialassets`
`Debtinstrumentsmeasuredatamortisedcost`	`80,022`	`145,662`
`Carryingamountoffinancialliabilities`
`Measuredatamortisedcost`	`1,165,949`	`1,210,134`

			`Movement`	`infunds`
		`Balanceat`	`Incoming`	`Resources`	`Balanceat`
	`1`	`April2024`	`resources`	`expended`	`31March2025`
		`£`	`£`	`£`	`£`
`TriratnaBuddhistOrder`		`1,295`	`10,447`	`(6,652)`	`5,090`
`India`
`RatnasambhavaFund`		`812`	`5,931`	`(6,743)`	`-`
`MainShrineRoom` `Refurbishment`		`22,202`	`-`	`(3,462)`	`18,740`
		`24,309`	`16,378`	`(16,857)`	`23,830`

	`Balanceat`	`Balanceat`	`Transfers`	`Balanceat`	`Transfers`		`Balanceat`
	`1`	`April`		`31March`			`31March`
		`2023`		`2024`			`2025`
	`£`		`£`	`£`	`£`		`£`
`Fixedassetsfund`	`3,160,458`		`685,697`	`3,846,155`	`30,571`		`3,876,726`
`Majorrepairs`
`reserve`		`56,499`	`5,825`	`62,324`	`(6,069)`	`\|`	`56,255`
`Residential`
`communityfund`		`33,183`	`931`	`34,114`	`(10,220)`	`.`	`23,894`
`Vajrasana`
`maintenancecycle`
`fund`		`-`	`12,000`	`12,000`	`12,000`		`24,000`
	`3,250,140`		`704,453`	`3,954,593`	`26,282`	`.`	`3,980,875`

`26.`	`Analysisofnetassetsbetweenfunds`
		`Unrestricted`		`Restricted`	`Total`
	`Fundbalancesat31March2025are`		`£`	`£`	`£`
	`representedby:`
	`Tangibleassets`	`3,946,052`		`13,850`	`3,959,902`
	`Investmentproperties`	`944,769`		`-`	`944,769`
	`Currentassets/(liabilities)`	`352,603`		`9,980`	`362,583`
	`Longtermliabilities`	`(914,258)`		`-`	`(914,258)`
		`4,329,166`		`23,830`	`4,352,996`
`27.`	`Analysisofchangesinnet(debt)/funds`
			`At`	`Cash`	`At`
		`1April`	`2024`	`flows`	`31March2025`
	`Cashatbankandinhand`	`615,116`		`(25,989)`	`589,127`
	`Loansfallingduewithinoneyear`	`(90,215)`		`(9,622)`	`(99,837)`
	`Loansfallingdueaftermorethanoneyear`	`(1,014,992)`		`100,734`	`(914,258)`
		`(490,091)`		`65,123`	`(424,968)`
`28.`	`Cashgeneratedfromoperations`
				`2025`	`2024`
				`£`	`£`
	`(Deficit)/surplusfortheyear`			`(136,908)`	`(30,291)`
	`Adjustmentsfor:`
	`Profitondisposaloffixedassets`			`(6,075)`	`-`
	`Depreciationandimpairmentoftangiblefixedassets`			`121,123`	`112,671`
	`Fairvalueadjustmentofinvestmentproperty`			`21,916`	`-`
	`Bankinterestreceived`			`(7,086)`	`(14)`
	`Interestpayable`			`75,999`	`82,270`
	`Movementsinworkingcapital:`
	`Decrease/ (increase)instocks`			`3,970`	`738`
	`Decrease/(increase)indebtors`			`59,281`	`104,583`
	`(Decrease)/increaseincreditors`			`71,113`	`18,801`
	`(Decrease)/ increaseindeferredincome`			`18,125`	`7,396`
	`Cashgeneratedfromoperations`			`221,458`	`296,354`

`Fundaccountingcomparativefigures`
	`Unrestricted`	`Restricted`	`Total`
	`funds`	`funds`
	`2024`	`2024`	`2024`
	`£E`	`£`	`£`
`Incomefrom:`
`Donationsandlegacies`	`265,963`	`51,801`	`317,764`
`Charitableactivities`	`1,250,751`	`-`	`1,250,751`
`Tradingactivities- shops`	`365,792`	`”`	`365,792`
`Investments`	`20,750`	`-`	`20,750`
`Totalincome`	`1,903,256`	`51,801`	`1,955,057`
`Expenditureon:`
`Raisingfunds~ shopsrunningcosts`	`360,280`	`-`	`360,280`
`Charitableactivities`	`1,523,688`	`61,101`	`1,584,789`
`Totalresourcesexpended`	`1,883,968`	`61,101`	`1,945,069`
`Netincome/{expenditureforthe` `year`	`19,288`	`(9,300)`	`9,988`
`Netlossesoninvestments`	`(40,279)`	`-`	`(40,279)`
`Netmovementinfunds`	`(20,991)`	`(9,300)`	`(30,291)`
`Fundbalancesat1 April2023`	`4,486,585`	`33,609`	`4,520,194.`
`Fundbalancesat31March2024`	`4,465,594`	`24,309`	`4,489,903`