TRIRATNA BUDDHIST COMMUNITY
(WEST LONDON)
2023 Annual Re
ort & Accounts

Trustees Report 2023
Triratna Buddhist Community (West London)
Royal Oak House,
45a Porchester Rd,
London W2 5DP
020 7727 9382
vhvw.westlondonbuddhistcentre.com
info@wlk.o).uk
chafily no". 271591
West
London
Buddhist
Centre
Trustees and Governance
Joining
Date
31-Jul-13
12-Sep-20,,
16-Sep-19
3-Apr-23
19-Sep-22
Civil Nam•
Wendy Young
Carol-Anne Bois
Sean Quigley
Roger Andrew Bruton
Daisy-may James
Order Name
(Bodhilila)
Chair
(Maitripushpa)
Secrelary
(Ratnadeva) Mitra Convenor
Resignation Date
No trustees resigned in the 2023 financial year. Roger 8ruton joined as a Trustee.
Recrultment of Trustees
Trustees are recruited from ￿￿thIn the SFHritual ￿rnMunty which th8 charity serves, and they
must be actively practising Buddhists. either Ordained into the Triratna Buddhist Order or in
the training process for Ordinalion irrto the Triratrkg Buddhist Order. Wherever possible the
board of trustees ('The Council.) should comprise a majorty of Ordained members.
TNstees may be apFx>inted at Ihe AGM by majority vot8 of the members. Altematively. the
Council may appoint membars durirKJ the y6ar by consensus decision, who may then be
fomialty re4ected at tre AGM foll¢Mtng the n(xmal process.

Activities and Objectives in 2023
The artides of the chwty are to:
Encouraging andpmviding fa￿litieS f(￿praCtIc8 and teathing of Buddhism and medRation,
yoga and other Offgnng retreats. sch(￿ visits. Teaching Meditati￿ in local
colleges and other institutions. Providing finanGial and other support formembers of the
Triratna Buddhist Ord8r & otherduty ord8in8d Buddhist& Faulities for healing therapies.
Bookshop. Library.
In accordan￿ with these articlos in 2023 the Charity wovided an extensive programme of
Buddhist activities incI￿ling *eekly meditation classes. courses on Buddhism and Budthist
ret￿a￿ AlmJside Buddhist activilies, a comrAementary programme of se¢ular'br8athworks'
mindlulness courses. b(tyork and yoga events was offered. either run 'in-hou8e' by
BLMJdhist teachers, or IFmugh Fm¥idirwJ facilities to extemal teachers.
The centre WOVKles financial suprth to members of Triratna Buddhist Order through
employing some of them as part of Ihe ￿ntre team, mainly in the field of administratbve
activities which are required lo provide the facilities r*eded to run the above events.
Achlevoments and perfomiance
-&'nce the root of all of the Iworfdsl problems Is the greed andhatred lodged deep fft the human
heart. The onty long-tenn solution is enough men and women around the world committing to
growmw in wisdom and Compas￿0￿ and helping others to do the same.'_ Sangharakshita
In the spirit of these words from Saryharakshita. the fourKler of our movement, the West
London Buddhist Centre offers the Butjdha's tea4#iing to tne general WDllC to support the
deepening of their wisdom arKI cunpassion. AlorKJsKle this. the centre has continued to offer
secular mirNJfulness al￿ complimentary body*￿rk activrf(w to the general public. to support
their spiriiual. mental and physical %%elfare, in pursuit of these higher ideals.
In a nonnal week. many people. ljoth nvwcomers and experienced Buddhist practth'one
attend the centre as a context for their spiriiual Fffacti￿. However, despite many events this
year being quite well attended, attendance at the Buddhist Centre has remained signtficantly
lower than prior to the pandemic and in recent years. Thts has also had consequences
the financial circumstances of the centre. To help address this Bodhilila. th8 Chair, So￿ht
advice arKI support from sister organisalions, induding the Triratna EuroFean Chairfs

Assembly who prO￿ded consultantri to ￿1P devebp publi(ity and put in place a new
finanoal plan to allow for ts expansion of the team responsible for runnirKJ centre.
The effeds of the V￿rk were startiw to be evident towards the latter part of the year. for
example in the recruitment of ArKly Psyllides, an exFerienced mrtra fr¢Jn the Brixton
Buddhist Community. His role was to help develop the wogramme of c(xnplementary
activities and subsequent room hire incm. A financial and wbliaty ￿an was also wt
in place to be undertaken in 2024.
A further development was the appoinlmert of SutKJadaw as Preswjent of Centre. A
president 18 an exiemal senior Order Member vtho visils usually fvrice yearfy for teachiryj
and to provide support on the SPiTiiual ￿thre of the communty. Having a Knsident in pla
will greatly support the Chair. Tnjstee arml the Centre Team going ft)rward.
Flnancial R•vi•w
Our independently examined accounts are attac1￿d. The tharity has been running a deficit
for many years and *fjth our financial reserves running y￿ have needed to address this
urgently. To this end have put in Pla￿ a recovery plan to attempt lo eliminate this
deficii by the end of 2024. In t￿le1 the Fdan agreed by the Council wts in place a number of
cost cutting initiatives, alongside Flans for increasin9 in¢x>me thmugh fundraising, increasing
event donations and increasing incoffe from ro￿1 hire. Much of this plan is still to be
implemerrted through 2024, however tswilk devd0￿￿nts this year indude boosting
In￿Me from hiring rooms to exiemal facililators. as as a contadless donation
termin￿ which has signffj￿n1IY increased spontaneous ontroff donations 'dana' from event
attend￿5 at the ¢entre. Major fundraisirKJ efforts have yet to begin, howv4er Y￿ are
optimistic 8bout the potèntial in this are2 as it has been many years since the last major
fundraising campaign and we continue lo benefrt from expeitise Members of the
European Chair Assembly's 'Develo￿ent Team, arKI other irKlividuals with fundraising
However, deSI￿te cash-flcwfincome issues and the orwing defit the Centre remains in
good financial position in terms of assets due to it ￿￿irVj the Buddhist Centre wemises.
with no outstanding debt.
Reserves Policy
Jr reserves policy is to retain a minimum of full three months expenditure in the event.
allowing for a buffer in event of insofvency or unforeseen carcumstances.

Triratna Buddhist Community (West London)
2023 Finance Report
Though still running at a loss l£-28,9581. 2023 showed a marked improvement on the previous
year l£-40,1791.
Income
2022 income was particularly low due to a slow recovery from the pandemic. so 2023 had an
inherent advanta8e. As well as that a financial plan was put in place to address the on-8oin8
deficit. This has borne fruit, particularly in the increase of Room Hire from £5.666 to £17,042,
and the increase in Retreat income from £8.550 in 2022 to £20,822 in 2023.
The only category that showed a decrease was Donations and Gift Aid Tax, down by £6,735.
Income overall increased by £15.821
enditure
Implementing the financial strategy has itself required some expenditure. This is particularly
apparent in increased Management and Administration costs.
The doubling of Building. Utilities and Centre costs from £14, 132 to £28,346 was down to a
combination of unexpected lift maintenance. refurbishment costs required by the financial
plan to increase Room Hire income, increased electricity and service charge costs and relatively
lax cost control (which is being priorit15ed in 2024}.
The increase in Residential Retreat costs, which is largely venue costs, from £7,709 to £14,482
is more than made up for by the substantial increase in retreat income.
One category of expenditure that showed a significant decrease was Financial Support- down
by £19.114. This can be attributed to a reduction in the size of the centre team. and a shift of
some support costs away from permanently employed centre team members to temporary
contractors/project workers, contributing to the increase of £7,847 increase in Management
& Admin costs.
Expenditure overall increased by £4.599
Net Worth of the chari
Fixed Asset5 Stand at £1,726,123. This overwhelmingly consists of the Leasehold Properry,
currently valued at £1,72 1,238. This is being amortised over the duration of the lease1999
years)
At the end of 2023 Current A55etS stood at £69,386, mostly cash and bank balances.
At the end of 2023 the net worth of the charity was £1.795.509

Inde
endent examiner's re
ort to the trustees of
I RIRAI NA BIJDD.H15 J cniiMiJrNI J Y I￿,1.%[ LONIJC)NI
I report on the accounts of Triratna Buddhist Community (West London) for ihe year ended 3111212023
Re5
ective re5
onsibilities of trustees and examiner.
The charity's trustee5 are responsible for the preparation of the accounts. You consider that an audit is not
required (under the req uirements of the Charities Act 20111, that the gross income does not exceed £250,0(X)
and that an independent examination is needed.
It is my responsibility to examine the accounts following the procedures laid down in the General
Directions given by the Charity Commissioners lunder section 145 of the 2011 Act), and to state whether
particular matters have come to my attention.
Basis of examiner's statement.
My examination was carried out in accordance with the General Directions given by the Charity Commissioners.
An examination includes a review of the accounting records kept by the charity and a comparison of the
accounts presented with those record5. It a150 includes consideration of any unusua l items or disclosures in the
accounts, and seeking explanations from you as trustees concerning any such matters. The procedures
undertaken do not provide all the evidence that would be required in an audit. and consequently I do not
express an audit opinion on the view given by the accounts.
Inde
endent examiner'5 un
ualified statement.
I have completed my examination. I confirm that no material matiers h3ve come to my attention in connection
with the examination which gives me cause to believe =hat. in any material respect..
the accounting records were not kept in accordance with section 130 of the Charities Act.. or
the accounts did not accord with the accounting records- or
the accounts did not comply with the application requirements concerning the form and content of
accounts set out in the Charities (Accounts and Reports) Regulation 2008 other than any requirement
that the accounts give a 'true and fairf view wh".ch is not a matter considered as part of an independent
examination.
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.
F. G Mcjvuhon (Accountantl
Flat 6, 22-30 North St, Leatherhead, KT22 7AT
29 August 2024

West London Buddhist Centre
2023 Accounts
Statement of Financial Activities
2023
2022
Incorlle
Generated Funds
Voluntary Income
Investment income
49.312
1.027
50.339
56.047
38)
56.432
Charitable Attivities
Other Income
63,813
41.899
Totsl Income .
114.152
98.331
Ex
enditure
Fundraisin
Costs
Governance & Administration
Charitable Activities
17,749
12S,361
9.399
129.111
Total Expenditure
143,110
138.510
Net Income
-28.958
40.179
There was no restricted income or expenditure

West London Buddhist Centre
2023 Accounts
Detailed Statement of Financial Activities
2023
2022
Volu rbta
Doyations
Gift Aid lax
Income
43.414
5,869
49.312
48.359
7,687
56.047
Investment income
Bank Interest & Dividend
1.027
385
Charitable attivities
Bookshop
Cl655es, Courses & Event5
Other
Room Hire
1.405
24.206
337
17.042
20.822
63.812
865
26,818
5.666
8,550
41.899
Retreats
Total Income
114,152
98.331
Cha rita ble activit
costs
Governance & Administration
Management & Admin
Finance charges & Interest
14,368
3.381
17.749
6.520
2,879
9.399
General Costs
Booksh.op
Bdilding , Utilities, Centre
Cla55es, Courses, Event5
Depreciation & Amortization
Donation5 made
275
28.346
416
14,132
4,656
1.980
6,319
89,729
2.448
1,696
7.709
27
129,111
1.174
70,615
2.027
1,403
14.482
Financial Support
Other Expenditure
Publicitv
Residential Retreat costs
Unknown
125.361
Totsl Expenditure
143,ILYJ
138510
Net Income
-28.958
There was no restricted income or expenditure
Figures intlude accounts payable and receivable
Creditors & Debtors are included In the relevent account

West London 8uddhist Centre
2023 Accounts
Balance Sheet
2023
2022
Fixed Assets
Leasehold Property
Art & R￿U31 Objects
Fixtures & Fittings
1,721.238 1,722.962
3.780
3,780
1.105
511
Totsl Fixed Assets
1.726J23 1.727.253
Current Assets
Bank & Cash
Cash
8arclaycard
Co-op Current
Paypal
Skipton BS
Stripe
Total Bank & Cash
Debtors
Qther
Bookshop Stock
857
97
26,262
371
36. 188
1,674
65.449
265
59
3,612
442
17,100
737
75.161
70
93.510
3,887
Total Current Assets
97.397
Total Assets
1,795509 1824.650
Liabilities
Short Term Creditors
Lon8 Term
Total Liabilities.
Net Worth
I,FJSS09 1.824.466
Re
resented b
Funds Brought Forward
Surplus/Deficit for year
1.824,466 1.864,645
-28,957
40.179
1,795,509 1,824,466

West London Buddhist Centre
2023 Accounts
Notes to the Accounts
Tan
i ble Fixed Assets
Leasehold Pro
ert
Brought Forward 31112122
Aédit ons
Amortized over the duration of the lease
1.722,96:
Amorti2ation
C3rri&d Forward 31112123
-1.724
1.721.237
Fixtures Fittin
ment
Brought Forward 311- 2122
Additions
Depreciation
Cairiecl Forward 31112123
Deprec13ted over S years
511
870
-276
I.IOi
Art & Ritu
Brought Forward 31112122
Additions
Depreciation
ca.ried Forward 31112123
These asseis are not depreciated
3,780
3.780
totsl Flxed Assets at 3y12123
I,n6.122
Trustees
8odiilila (Wendy Youngl
Mait"ipushpa I Carol-Anne Boisl
R3tnadev3 (Sean Quiglevl
Daisy May James
Roger Andrew Brutan
Joine¢ 3 April 2023
Trustees Receivin
ort For Services Rendered
Gr055
36,224
23.931
60.155
Pension5
Toia
2022
Ch31r
Mitra Convenor
2,099
1,239
3.338
38.323
25,170
63,493
38.922
22.942
61,863
Ratnadev
Total Staff Costs
includin
HMRC and Pen510nS
2023
70.537
86.941
Creditors & Debtors
Not alread
included in Accounts Pa
able
Receivlble
Creditors
None
Debtor5
Prepayment to Adisthana
265

WL8C Asset Re
ister
Summar
Leasehold
1.728.133.32
Art & Ritual
FFE
Total
3.780.(X) 1.278.64 1,733,191.96
3111212019
2020 Addltions
1.728.133.32
3,780.00 1,278.64 1.733.191.96
1,723.92
000
-255.73
-1.979 69
. 1,72A409.40 3,780.(K) 1,022.91 1.731.212.31
2020 Depreciation
2021 Additions
0.00
0.00
0.00
1.726.409.40
3.780 00 1.022_91 1.731.212.31
-1,723.92
0.00
-255.73
-1,979.65
1.724,685.48 3.780.ts)
767.18 1.729.232.66
2021 Depreciation
3111212021
2022 Additions
2022 Depreciation
3V1212022
-1,723.92
1,722,96156 3,780.1))
-255.73
-1.979.65
511.45 1,727,253.01
2023 Additions
870.(XJ
870.00
1,722,961.56
3,780.00 1,381.45 1.728,123 01
-1.723.92
0.00
-276.29
-2,000.21
1.721.237.64 3.Th).(K) 1.105.16 L726.122.
2023 Depreciation
3111212023 .
Le3sehold is amortised over the duration of the lease1999 years)
Art & Ritual is not depreciated
FFE is subject to a depreciation at 20%