Registered Charity No. 271591
TRIRATNA BUDDHIST COMMUNITY (WEST LONDON)
ANNUAL REPORT AND FINANCIAL STATEMENTS
31st DECEMBER 2024

Triratna Buddhist Communty (West London)
For the year ended 31 De¢ember 2024
CONTENTS
Page
Reference and Adminislrative details
Trustees RepcAt
IndepÈndenl Examiner's Report
Statement of Financ￿[ Activities
Balance Sheet
Notes to the Financ￿1 Statemgnts
10-16

Triralna Buddhist Cornmunity Iwest London)
Trustees Report for the year ended 31 December 2024
Referencè and Admi
ive Detsil
Name of Chanty:
Triratra Buddhist Communty Iwest London)
previoU￿Y knov4n as.,
Frths of ￿ Westem Buddhist Order (West London)
West London Buddhist Centre
Othèr Names:
Registered Charity No:
271591
Trustees:
Civil Name
Order Name
Office held
Date of
Appointment
31 July 2013
12 September
2020
16 September
?019
3 Apnl 2023
Date of
Resisnation
8Au
.￿ust 2024
Wendy Young_
Carol-Anne Bois
B(x4hilila
Mailripushpa
Chair
Sean Quigley
Raknadeva
Mitra Convenor
15 April 2024
Roger ArKlrew
Brulon
tiaisy-may Jones
Matthew JanEs
Safeguarding
9 December
2024
g December
2024
Trustee
19 September
2022
2 Oclober 2024
Amalavajra
Chair
Dr Dayanalha
Showman
Viryanaga
Trustee
2 October 2024
Showwnan
Dr Viryanaga
Kitsune
patr￿18 LeA￿t
Matthew Grenz
19 August 2025
T￿aSU￿r
2 October 2024
Amlanadhi
Martrikumara
Truxtee
Mitra convp.nor
19Au
ust 2025
19 Au9USt 2025
Civil Name
Order Name
Office held
Date of
ApLoinknenl
2 October 2024
Date of
Resisnation
Matthew James
Webb
Carol-Anne Bois
Amalavajra
Chainnan
Maitripushpa
12 September
2020
1 December 2024
Andrew Fuller
Finance Directr
Registered Address:
Royal Oak House. 45a Porthesler Road, London W2 5DP
Web Address:
www.westlondonbuddhistcentre.com
Bankers:
The c￿Opera￿"Ve Bank - Business
Business Customer Serwces
PO Box 4931
Swindon
SN4 4PL
Independent Examiner.
Annemie Philips
9, Linden R￿d, Hampton. TW12 2JG

Triratna Buddhist Communty ￿est London)
Truslees Report for the year ended 31 December 2024
Objectrves arKI Activitses
The purposè of the Triratna Buddhist Communlty (West London) is to".
Encourage and provide facilities for the practice and teachirvj of Buddhism. meditation, yoga.
and olher bodywork.
Offer retreats, school visits, and tea¢h n￿dItatiOn in Iwl tt)Ileges aThJ other inslrtutK)ns.
Provide financi?1 and other forms of supwrt lo rTheM￿rs of the Triralna Buddhist Order and
other duly ordained Buddhists.
Offer facilities for healing therapies.
Maintain a bookshop and library.
In line these objectives, the charity aimed to deliver an extensive pr￿ramme of Buddhist
activities in July 2024. though this was severely disrupted by a flooyj caused by a burst water main in
the street. There was no water supply for monlhs an4J centre activities (though not room hirel
ased for that period. ReslilutKJn of the main shrine will ￿ complete(l in September 2025 bul until
Ihen rrK)st evenls are takn.ng place place in our yoga studio.
The other big blow to the WLBC sangha I communty in 2024 was lh8 loss of our Chair, 8odhilila, lo
serious illness in May, and Ihe deaths of bmo Other senM)r teachers soorb after. This was in addf(ion to
the planned departure of R*nadeva, our Mitra Convenor in April.
Fortunately, Bodhilila appointed an able seniiy leadership team in her pl￿. from whom Amalavajra
was appointed Chair in October when it became dear that BodhiliLg would not be able to retum to
work any time soon.
ActNilies in 2024 included weekly medttation dasses. coursets on Buddhisfft. arid Buddhist retreats. In
addition to these Buddhist actiwties, a complementary programme of secular'Breathworks'
mindfulness courses. bofvrk, and y(oa evenls was offered. These were either led by Buddhist
teachers wtthin Ihe Centre cf facilitated through extemal instructors.
The centre also provides finanaal support lo membws of the Trirydtna Buddhi￿ Order by employing
some of them in adm5nistrab.ve roles. wh￿h a￿ essential for managing and supporting the ab)ve
evenls.
Structure. Governance and Management
The Charity was registered as an unincorporated asso¢iatr"on wrth the Charity Commission on 9 July
1976. The purposes of the tharrty are as folk)ws:
The advancemènt of the Buddhtst religion- in particular
1) to encourage membe¢B and othets to live in accordance wth the teachings of the
buddha.,
21 to support ordained members of the western Buddhisl order and other duly ordained
Buddhists, at the discretK)n of Ihe council of the FWBO.,
31 to maintain close communicatson with Ènd work under tre guidance of the Weslem
Buddhist order and in cmperation ￿th olher groups wth the same objects.
Tmstee Recruitment 8ftdApp￿ntrnenl
Trustees are recnjiled from within the Triralna spiritual communty which the charity sèrves.
Prospeth"ve trustees musl be actively practising Buddhists who are eilher ordained into Ihe Triratnè
Buddhist Order or in training for ordinats'on into the Triratna Buddhist Order. Wherever possible, the
Board of Tnjstees {'The Council,) should compfise a majority or ordained members.
Tru*ees may be appointed either at the Annual General Meeting {AGM} by a majority vote of the
mernbers, or altemativety. The Council may appoint new members during the year by consensus
decision. vA)o may then be lom￿llY r￿lected al Ihe AGM following the Tr)rmal procedure.

Triratna Buddhist Communty (West London)
Trustees Report for the year ended 311)e¢ember 2024
Public Benefft
The Trustees have. throughout the year. paid due regard to the Charity CoMmis￿on'$ guidance on
Public Benefit.
The Triratna Buddhist Community Iwest l.ondon} is a no￿-PrOfit organisalion dedicaled lo promotiryJ
spiritual growth. peace, compassion, and mindfulness through 13uddhist teachings. We offer
accessible resources for personal growth. emotic)nal healing. and r￿mUnIty well-beiro.
Our key objectives indude..
Promoting Inner Peace.. ProvKling meditation workshops and teachings to CU￿1vate mindfulness,
compassion and spiritual growth.
Supporting Mental Health.. Offerirvj pr(yJrams to re¢Juce stress. anxiety, and suffering through
mindfulness-based prath'ces.
Encouraging Social Responsibility.. Foslering communty seNice. ethul behaviour. and
interwnnecledness through volunteer initiatives.
Educating for Harniony.. Providing edU￿tional rescurces and ￿treats to promote understanding and
tolerance aczoss diverse ￿)MmUnitIes.
Our work is rooted in the belief that true well-being arises from cult'vating both personal ￿$doM and
compassion all living beings. Every project and inrtiatsve we undertake is driven by the desire to
reduce suffèring. inC￿aSe happiness, and contribute to the common good.
In alignment wrth the c(Ye values of Buddhism- thmp3ssion, r)on-harming, and wsdom - Ihe Triratna
Buijdhist Cofflmunty (West London) remains commitied to serving the public gc￿l without
dis￿[￿}natIon, priontisin9 inclusivity and kindness in all of our aclivit&.
Achievements and Perfom)an¢e
nce the root of all of the [woHdslproblems is the greed and hÈlred lodged deep in the human
heart. The only lOng-ten￿ solLrtion is eA￿ugh men and women around Ihc world committing lo gro￿1
in wisdom and compas&on. ano helping others to do the same..
Saiigharakshits
In the spirit of these words from Sangharakshita, the founder of our movpment, the West London
uddhist Cenlre offers the Buddha's teaching to the general public to support the deepening of their
wisdom and compassion. Alongside this. the centre has continued to offer secular mindfulness and
rnplimentary ￿￿work ath"vib"es lo the generdl putr4ic. to support their spiritual, mentsi and physical
welfare. in pursuit of these higher ideals.
In a normal week, many people, tK)th newcomers and p.xperienced Buddhist practitioners attend the
rentre as a context for their spiritual practice. However. despite many events this year being quite well
attended. attendance ai the Buddhist Centre has remained significantly lower than pricr lo the
pandemi¢ and ir) recent years. This has also had consequences for the finanual circumstsnces of the
cenlre.
Fortunately, in 2023 Bodhilila recruited Andy Psyllides to develop the programme of complementsry
activrties and subsequent room hire inrA)me. By 2024 this was realty beanng fruit and Amalavajra. the
new Chair. has continued to support this development.
Subdadassi has continued as PresKJent of the Centre. He is an extemal senwx Order Member who
Vistts tsice a year to teach and to provide suprmyt of the spiritual welfare of the community.
Plans for Future Periods
On the 19th June 2024, the sen￿r leadership team that Bodhilila appointed to run the WLBC in her
absenrE. met to develop a Strateg￿ plan. Here is the summary of their Sunrive and ThrikE plan:

Triratna Buddhist Communty (West London)
Trustees Report for the year ended 31 December 2024
Our vision
To create a Ihrtving communty of friends building a Buddha Land together. Vve work in teams.
animated by the Bojhisattva ideal. to offer an inspiring, graduated path of Triratna training towards
Enlightenment. We're led by the ft)ur samgaravastus.. genero&ty. kindly speech, benefiaal activity an
impartiality
Strateglc priorities fr>r 2025
7. Rwmus Finan&al Managgment
Regular. tsllored reports. include monthly l&1. and event income reports
Create risk register and remove v(Aunteer access to info@
Dana ￿)wI training and payment terminals
Simpler. more automated fi'nancial managemenl systems
2. Create 8 cullure of kalyana mitsta. espeu811y through teams
Dharma Activity Kuta IDAKI lo meet monthly and indude Mitra Convenor ￿spOnSIbl14￿.es
Amlanadhi to develop Community Praclice days
Mattripushpa and Amalavajra lo invite rmre Oms and newcomers onto Sat and Tues teams
Amlanadhi to find a volunteer bookshop manager
AmalavaJra to recruit a fundratsing manager to cc()rdinate a volunteer fundrai￿n9 team
ArKly to develop a receptron team for most days
3. Promote key events Ihat offer a deartraining pathway
Ensure every class teacher knows which next step event to promote as a wiorty
Ensure that we are offering events at all four key stsges of the pathvlay:
{'ConsuThr' stages)
3.1 Galeway. Sat and Tues meditation led dasses. Breathworks stress courses and 4-5
Trackless expedrtions
3.2 Discovering the Dhama.. Monday n￿jht courses
(Part￿[pantIbenefact0r stsges)
3.3 Taste of TranS￿ndental. retreats. teams
3.4 Comnritment. pre- and Mitra study groups and Going Fc¢ Refuge events at WLBC aTrJ
4. Clarrfy and strenglhen organisational structures and respon&bilities
Job DescriptwJns and Person s￿C￿lc¥tionS for all key roles. including some voiunteer
responsibilwes leach manager responsible for their role and Iheir rewrtsl
Maintain WLBC organisational chart
Finan¢•al Review
the preparab.on of the 2024 ac￿unts, a discrepancy of £3.644 was identrfied belween the
tharity's totsl funds as stated in the published accounts for 2023 and the opening balan￿ rethed in
the chaiity's financial records.
Thts discrepancy primarity relates lo a dIffereTr￿ in the reported cash al bank." the published accounts
showed £65,449, whereas the financial records Show￿ £69,349. As a result, a Prior Year
Adjustment of £3.644 has been induded in the Ststernent of Financral Actiw"ties ISOFA). and the

Triratna Buddhist Communty {West London)
Trustees Report for the year ended 31 D￿erntser 2024
balance sheet as at 31 0ee£mber 2023. has been restated. Futlher details are provided ir) Note 9 on
page 13.
FInan￿aIPerfOrm8nce
The charity reported a surplus from operations of £2.816 for ihe year. a significant turnaround from
the prÈvKbus yearfs deficil of £28.957. This improvernent was driven by increases in Ly)th (Jonaled
income and income generated through the letting Of surpltjs space. While costs also increased. they
were not sufticient to offset the gains in in(x)me, resulting in a positNe outcome for the year.
There was no ReStr￿ted Income received during the year.
July 2024 Flooding Inodent
Unfortunately. in earfy July 2024, a water main burst outside the Centre. flooding the basement-
home to the chanty's two main shrine rooms- with contaminated water. The Centre was forced to
dose entirely until late August and then reoFened partially. wf(h only Ihe ground floor accessible for
dasses and rc¥)m hire.
This incident had a devastating impact on the charrty's posl-covid recovery plans. However. it also
galvanised the twslees and Ihe Centre team to intensrfy fundraising efforts and mwmise income
through room hire and a limrted schedule of dasses. Both initiatives proved highly successful.
Incon￿ Breakdown
Donatiorts increased by £28,542 to £77,85412023.' £49,312).
Class and course income declined by £10.618 to £35.815 {2023.' £46,433).
Room hire and practitioner In￿rne rose signrficantly by £21.635 to £38.6n {2023'.
£17,042)
In response to the floodlng. the Centre submitted insurance claims for both damaged assets and105S
of income. Loss of In￿Me from 10 July to 31 December 2024 was esb"fflated at £39.245. As the
Imcome of our daim remains Un￿rtaIn, no acttual has been induded in the accounts.
Overall, total income increased by £50,906 to £165,058 {2023'. £114.1521.
ExKEnditure
Total expendtture for the year rose by £19.133 to £162.24212023.' £143.1091, driven mainly by=
Higher building and maintenance costs.
Increased administration and support (x)sts for the Centre's operalions.
Notably. external consultancy fees rose by £7.490 to £8,55612023'. £1.0661.
cl￿ng Position
At year-end. the charity's total funds increased by the oper<?ting surplus of £2,816, from £1,799,153 to
£1.801,969. Of ihis. approximately 95°A is represented by the value of the leasehold
premises occupied by the charity.
The charty continues to h(Jd Su1￿"en1 funds to meet its reseNes policy.
Rese￿eS Policy
Our rÈserves policy is to retsin a minimum of 3 rrKinths expenditure in general funds in the event of
insotvency or unf￿eseen cirojmslances.

Triratna Buddhist Community (West London)
Trustees Report for the year ermded 31 December 2024
Using the bud9et fcy 2025 this equates to £43,600.
Risk Management
The Charity operates a risk management frameworf( designed to identfy, assess, and manage
potential risks that may affect the fvifilment of its Gharitable objectives and the safeguarding of its
assets. Key risks, induding financaal. operational, governance. and reputational risks. are regularfy
reviewed by the Trustees. Mitigation measures are implemented to minimise L4)th the likelihood and
potential impact of these risks. The Trustees are committed to ensuring compliaftce wrth legal and
regulatory requirements. maintsining Sound intemal controls, and upholding public trust in Ihe
Charity's work.
Connected Charities
The Charity is part of a global community of organisab.ons connected WTth the Triralna Buddhist Order
and Communty- While each organisalion is legally in¢Jependent. we work t￿Jether in a spirit Df
friendship and cc()peration to advance the undeTslandirKJ and pfactice of the Buddhist path.
Trustoes, Responsibllities in Relation to the Financial Statements
The charity twstees are rewnsiL4e for preparin9 a tNsteès' annual ￿p￿t finan￿￿ ststsnEnls in
accordance wsth applicable law and United Kingdom Accounting Slandarils (United Kinyjom Generally
Actspted Acc£MJnbng Practice}.
The law applicable to charilies in England and Wales requires the charty trustees io prepare financial
statements for eath year which give a Inje and fair view of the state of affairs of ihe charity and of the
in￿ming resour￿ and applicath)n of resour￿. of the ehartty for thal period. In preparing Ihe financial
statements. the trustees are ￿quired to..
select SUFtable asx¢)unting Fdicies and then apply them COng￿eTh￿.
ob￿rVe the methods a￿1 prinoples in the applicable Chartbes SORP IFRS102}- Second
Edibon;
make judgements and estimates that are reasonable and prudp.nt:
stste whether applicable awunting standa￿$ have Ixen followed, subjeci to any material
departures that rnu￿ be disclosed and explained in the financial statements..
prepare the financial statements on the going cor)cem basis unless rt i% inapkYo￿ate lo
p￿SuMe that the charity wrll cnntinue in bU￿ne$S.
The trustees are responsible for keeping WOFer accountlng recorts that disdose wlh reasonable
acoJr4cy at any time the financial posititin of the charity and to e￿a￿e Ihern lo ensure that the financial
staternents comply ￿th the Charities Act 2011. the Chanties (Acwunts and Reports) Regulat￿$ 2008.
and the pruvi5ions of the Trust Deed. TW are also responsible for safeguarding the assets of the
charity and taiong rea£4)nat4e steps for the prevenb.on arby detectKJn of fraud and otsr irregularitEs.
The trustees are reswnsible for the maintenance and integrity of the tt￿nty and financi￿ infom)alic
induded on the Chanty commi￿on'S website in acC￿an￿ with legI￿all0n in the United Kingdom
goveming the weparafjon and dissemination of the finanoal statements.
Approv&J by Ihe trustees on
and &gned on their beha
Chair

Triratna Buddhist Community (West London)
Independent Examinerfs Report to thè Trustees of Triratna Buddhist Community (West
London)
For the year ended 31 December 2024
I report to the charity trvslees on my examinatfon of the a(￿ountS of the charity for the year ended 31
March 2024 which are set oul on pages 8 to 19.
Responsibilrties and basis of report
As #)e charity's trustees you are responsible for the preparation of the accounts in accordatKe with
the requirements of the Charities Act 2011 I'the Acf).
I report in respect of my examination of the charity s accounts carried out under section 145 of the Act
and in carrying out my examinab'on I have followed all the applicable Directions given by the Charity
Commission under section 145{5Xb) of the Act.
Independent @￿￿MinerS statement
I have compleled my examination. I confirrn that no material matters have come to my atlenlion in
connection with the examination 9Ning me c2use to believe thal in any material respect..
acwunting records were not kepl in respert of the charity as required by section 130 of the Act:
or
the accounts do nol acc£Kd with Ih)se reojrds.. or
the acwunls do not compty with the applicable requirements e£)ncerning the form and content
of accounts set oul in the Chartties (Accounts and Reports) Regulations 2008 other than any
requiremenl that the accounts give a 'true and fair view, which is not a matter considered as
part of an independent examination.
I have no ts)nceTns and have come acmss no other matters in c4)nneclion with the examination to
which attentiOTb should be drawn in this report in order to enable a proper understanding of the
accounts to be reached.
Name: AnnemiÈ Philips FCCA131998551
Address: 9, ￿nden Road. Hamptor), IW12 2JG
Date.. 0910912025

Triratna Bvddhtst Communty (West London)
ststement of Financtsl Actlvltles
For the year Ènded 31st De¢ember 2024
UnTestricted
Funds
2024
Total
2024
Total
2023
Note
In￿mIng Resources Frixn
Donations and Legacies
Charitable Activites
Other Trading ActNibes
Other
T7.854
35.815
38,677
12.712
49,312
46,433
17.042
337
35,815
38,617
12,712
Total Incoming ReSoU￿S
165,058
165,058
114,152
Resources Expended On
Raising funds
Charitable activities
27,938
134,304
27,938
134,304
25,972
117,137
162,242
162,242
143,109
Nel incoming resources
for the year
2.816
2.816
128.957}
Other Recognised Gainsl{Losses)
Gainsl{Losses) on revalu*ion
of fixed assets
Net Movement in Funds
2.816
2.816
128,957)
Reconciliation of Funds
Fund balan￿S brought forward
1.799.153 1,799.153 1.824.466
Prior Year Adjustment
Fund Balan¢es Carried Forward
1.801.969 1.801.969 1.799.153
The notes C￿ pages 10- 19 form part of these financial statements.

Triratna Buddhisl Community Iwest London)
Balance Sheet as at 31st Oe¢ember 2024
Note
2024
2023
Re•Statsd
Fixed Assets
Tangl￿e assets..
Propety
Art & Rrtual Objects
F￿t￿reS & Fittings
12
1,719.514
3.230
1.721.238
3.780
1.105
1.722.744
Current Assets
1.726.123
Debto
Cash al bank and in hand
Bookshop stock
13
20,357
59.666
2.801
265
69.349
3.612
15
82.824
73.226
Liabilities, amounts falling
due within one year
14
{3.5991
1196)
Net Current Assets
79.225
73.030
Nel Assets
1.801.969
1.799,153
Funds
Unrestricted ftjnds
Surplus1(Def￿1) forthe year
1.799.153
2,816
1.824,466
{25,313)
Totsl Charity Funds
1.801.969
1,799,153
The financial statements were approved by Ihe Tnjstees on......
NAME
Chair
The notes on pages 10- 19 fomi part of these financial statements.

Triratna Buddhist Commvnlty (West LoTKlon)
Notes to the Financial Statements
For the year ended 31 L)e¢ember 2024
Accounting Policies
Charity Status
The charity is governed by a Trust Deed completed on 29 April 1976. ano amended on 26
January 1979. 05 May 1982. 16 October 1987. 16 January 2000. 22 May 2010 and on 15
January 2013. The charity was registered ￿th Ihe Charity Commission on 9 Juty 1976,
istered number 271591. The address of the ￿gIStered office is given in the RefereneÈ and
AdministstNe Details given on page 1 of these finanual statements.
The charty constitutes a puljic trenefit as deffined by FRS102.
of Preparation
The finanoal StateTh￿nts have been prepared in accordance with Accc¥Jnting and RewJrknng
by CharitTres.- Slatement of Recommended PractieÈ applicable to charities preparing their
accounts in ac£ordall￿ with the Financial Rewrting Standard applicable in ihe UK and
Republic of Iroland (FRS102) Second Edit￿n. the Financial Reporting Standard applicable in
Ihe United Kingdom and Republic of Ireland IFRS102). the Charrties Act 2011. Section 1A.
The fina￿la1 statements are prepared on a going contsrn basis under the historical cost
convention modifie(J lo indude certain ttems al fair value. The financial slatements a
prepared in slerting which is the fvnctiODal cU￿ency, and have been rounded lo the nearest
pound.
In￿me Recognition
All incomiry resources are induded in the Stalemenl of Financi81 ActNitses (SOFA) when the
charity is legalty entitied to the income. the amount can be reliably measured and il is
probable that the income will be re￿ived.
Donations and other forms of voluntary income are rec(¥nised when receivable by the
charity.
Income receivable from classes, courses and events. 15 recognised when the event has laken
place. or there is no recouT5e of the amount paid, amounts rec*ived in a(fvance are included
within deferred income.
Gift aid is rett)9nised in the period the donalion it relales to was received.
Expenditure Recognition
All expenditure is accounted for on an acciu81s basis and is inclustve of irrecoverable VAT.
Expenditure is recognrsed where there is a legal or construth've obligalion to make payments
to third parties. it is probable that the settlement will be required the obligaticrf) can be
mÈasured reliably.
Expenditure on charitable activilies includes relèvant supr(rt costs and govemance D)sts.
Other expendtture indudes all expenditure thal is neither relaled to raising fijnds for the
charty nor part of its expenditure on charitsble aclivitses.
Allocation of Support Costs
Support Ixjsts are those functi¢)ns that ass￿1 the work of the charty, but do not diredy
undertake charitable activit￿$. Support costs incjude salaries and administrative exs%nses.
These costs have been allocated between cost of raising funds and charrtable actlvities. The
bases on which support costs have been allocated are set out in note 8.
10

Triratna Buddhist Community (West London)
Notes to the Flnan¢ial Statements
For the year ended 31 December 2024
Oèbtors
Debtors are recorded at settlement amount due after any trarJe discounts.
Cash at Bank and in Hand
Cash at bank and in hand. includes balances held ￿th banks as well as funds maintained in
other payment systems (such as digital wallets and online payTrEnt platforms) that are ￿a￿llY
available for use in the Charty's operations.
Credito
CredÈtors are ￿COgnised when the charity has a present obligab.on resulting from past events
and can be measured or e*imated reliably. Creditors are reccgnised at their settlement
amcunts.
Funds
Unrestri(Xed reserves are funds that can be used in accordance with the charrlable objects at
the discretton of the Trustees.
Designated reserves comprise of unrestricted reserves whith have been set aside at the
discretion of the twstees. to be held as investments. The income derived is used to wver the
charity's administrative costs and the balan￿ for charitable purposes.
Restricted funds are funds that can onty be used for partioJlar restricted purposes wrthin ihe
objects of the thanty. Restrictions arige when specified by the donor or when funds are
raised for particular restricted purposes.
Judgements and Kèy SoU￿e$ of Estlmatlon Uncertainty
In Ihe application of the tharitable company's accounting p￿IC￿S. the Truslees are required
tr) make judgements, estimates and assutnptions about the carrying amunt of assets and
liabilits.es that are not readily apparent from other SOUT￿s. The estimates and associated
assumptions are based on historical expenence and other factors that are considered to be
relevant. Actual results may drffer from these estimates.
The estimates and underfyir)g assumptions are reviewed on an ongoing basis. Revisions to
afjcounting estimates are reccMJnised in tre period which the estimate is revised where the
revision affects only that period, or in the period of the revision and fLrture peruls where Ihe
revision affecls both ojrrent and future pencmjs.
There are no estimales to note that affect these accounts.
Tangible Fixed Ass•ts & Depre¢iation
Expendtture on individual assets costing more than £500 an(J wlh an expected useful life
greater than one year will be capitalised_ Items below this threshold will be expensed in the
year of wrthase.
Fixed assets are recx)rded at cosl. induding direcly attribijtsble costs necessary to bring the
asset into working tondthon.
Depreciation is charged on a straight-line basis over the eslimated useful INes of assets.
refleth.ng the consumption of economic benefits on the following bases:
Leasehold Improvements: Over the lease lem
Fixlures & Fittings. 5 years
rr & Computer Equipment.. 3 years
11

Triratna Buddhist Community (West London)
Nt)tes to the Flnan¢ial Ststernents
For the year ended 31 December 2024
The gain or loss arigng on Ihe disposal of an asset is determined os the difference betsveen
the sale proceeds anij the carrying walue of the a55eL and is recognised in net
incomellexpenditure) for the year.
Donations and Legacies
Unrestricted
Funds
2024
Total
2024
Totsl
2023
Donalions
Tl,854
77,854
49,312
Charitable Aclivities
Unrestricted
Funds
2024
Totsl
2024
Totsl
2023
Bookshop
Classes, Courses. Events
Retreats
529
21.923
13.363
529
21.923
13,363
1,405
24.206
20.822
35,815
35.815
46,433
Othef trading activities
Unrestrlcted
Funds
2024
Totsl
2024
Total
2023
Rcrt)m Hire income
38.677
38,677
17.042
38.677
38.677
17.042
Other Incomè
Unrestricted
Funds
2024
Total
2024
Totsl
2023
Bank Interest
In9Jran￿ daim
2.130
10.582
2.130
lo,￿2
1.027
12.712
12,712
1,027
In early July 2024. the Centre suffer&J a devasting flocé caused by a burst waler main in the slreet
outside the Centre. Claims were submitted to the chartty's insurers for loss of contents and earnings.
The loss of contents claim has been setued. whilst the Ic>ss of earnings claim remains oulstanding.
s the wtcome remains urKertain. no provision has been induded in the accounts.
12

Triratna Buddhist Communty (West Londonl
Notes to the FinancEal Statements
For the yèar ended 31 December 2024
Raising Funds
Unrestricted
Funds
2024
Total
2024
Total
2023
Support costs {Note 8)
27.938
27,938
25.972
27.938
27.938
25.972
In 2023 there were no re*rfcted fiJNlraising cx)sts.
Charitable Activities
Unrestricted
Funds
2024
Totsl
2024
Total
2023
Bookshop
Classes, Courses, Events
Retreats
Support costs (Note 8)
871
5,836
9.707
117.890
871
5,836
9.707
117.890
275
5.040
14.480
97,342
134,304
134.304
117,137
Support Costs 2024
Ralslng Charitsble
Funds Activities
Totsl
Team support
Building costs
Administralion
Publicity
Deprecith"on
Donations
Finance tharges
GovemanTr costs
Fundraising o)sts
17,704
6,059
3,601
56,132
29,621
14,402
73.838
35,680
18,003
5,492
3.379
5,347
2,267
1,783
41
574
2,805
5,347
2,267
1,783
41
27.938
117,890
145.828
Basis of Aloc tion
Team Support: Administratton..
Building costs,. Depreciation=
Time spent by eath supported person.
Costs allocated on basis of Spa￿ 0￿pIed an¢J usage.
Publiaty; t)onalions; Finance Charges;
c4)VeMan￿ & Fundraisiry:
Costs are all solety charitsble ath"vittes.
Support Costs 2023
Raising Charitable
Funds Activities
Total
Team support
Building o)sts
Administration
Publicty
Depre03t￿ft
16.932
5.827
2.873
53,683
24.546
11.494
1.403
1.660
70.615
30.373
14.367
1.403
2,000
340
13

Triratna Buddhist Community (West London)
Notes to thé Finandal Ststements
For the year ended 31 December 2024
Donatiofts
Finance charges
Governan￿ costs
Fundraising costs
1.174
3,382
1.174
3.382
25.972
97.342
123.314
Basis of Allocati
osts
Team Support. Administration..
Building costs; Deprea3tion:
Time spent by each supported person.
Costs allocated on basis of space occupied and usage.
Publicity.. t)onations', Finance Charges-
Governan￿ & Fundraising..
Costs are 811 solely charitable activit￿S_
Prior Year Adjustment (PYA}
In PTeparing the 2024 accounts, It was nOt￿d that there ¥Yas a dtscrepancy of £3,644
be￿ffeen the charity's total funds as per the published accounts. and the opening funds in the
charty's financial records.
The distrepancy is largely accounted for by a dtffefence in the cash held at bank on the
published accounls1£65.4491 and the cash shown in the charity's financial records {£69.349).
Aclual Cash as at 31 December 2023
£69.349
Cash as per published accounts 31 De￿rnber 2023 £165,449)
Difference
£3.900
Other adjustmènts
£1256)
£3,fi44
A PYA appears on Ihe SOFA. and the Balance sheet has been revstaled for 2023.
10.
Remuneration
2024
2023
Salaries
Employer's NIC
Pension contributions
Retreats
57.318
6.371
5.339
4.808
54,124
9,949
4,008
2,534
73.836
70,615
Numb
Number
Average number of employees
2.75
2.25
No employees eam over £60.000 (2023.. £Nill
No emoluments are paid to any of the tnJstees12023: £Nill.
No expenses have been paid to the trustees (2023.. £Nil).
14

Triratna Buddhist Community Iwest London)
Notes to the Finan¢ial Statements
For Ihe year ended 31 December 2024
11.
Remuneration Pald to Council Members
Remuneration was paid to the folk)wing Council Members during the year..
Gross Pa
Bodhilila
Ratrtadeva
Amalavaira
Total
2024
£16.875
2023
£36,224
(Wendy. YounL .
(Sean QuislpyJ_
Lmatthew Webb
£5,841
£60,155
The Charity's constitution allows for financial support to be given lo members of the Council
who are members of Ihe Trirdtna Buddhist Community. DUri￿J the year, 3 members of ihe
Cojncil {2023'. 2) re￿iVed £29.04212023: £60.1551
In pursuit of ts Objects, the tharty also paid for ￿treats for Counul members during Ihe year.
11 Tangible Fixed Assets
Freehold
land and
buildings
Leasehold
land and
buildings
Art and
Ritual
Obje¢ts
Fixtures.
Fittings and
Equipment
Totsl
Cost or Valualion
At beginning of Ihe
ear- 1 Janua
Add¥tions
Disposals
Revaluations
Transfp.rs
At end of the Year
Depreciation & Im
At beginning of the
p.ar- 1 Janua
2024
Disposals
Dppreciation
Impairment
Transfers
At end oithe year
Net book value at
beginnin
of the
ear
Nèt book value at the
end of the
ear
1.736.753
3,'180
43,1&3
1,783.716
3.780
43,183
irments
1.783 716
15.515
42,078
57.593
1,724
550
1,105
17,239
1.721,238
550
3.780
43,183
1,726,123
1,719,514
3.230
In July 2024, the Centre was florxled duè to a burst water main in the street. Various itetns were
damaged beyond repair. A daim has been submitted to the charity's insurers, Ecdesiastical.
15

Triratna Buddhist Communty (West Lorthnl
Notes to thÈ Financlal Statements
For the year ended 31 December 2024
13.
Debtors & Prepayments
2024
2023
Insurance Claim
Grft Aid tax claim
Room Hire
Other
10.582
7.519
1.923
333
265
20,357
265
14.
c￿ditors. amounts falling dtse within one year
2024
2023
Taxation and social security
NEST Pension provider
Accruals
Deferred income
1,718
235
1.126
520
196
3.599
196
Defwed Income refer5 lo payments for a Breathworks c(xJtse taking pla￿ In January 2025.
15. Bookshop Stock
2024
For sale
3,612
59
1870}
2023
For sale
3,887
Opening value
Added in period
Expensed in period
Impaired
Closing
(275)
2,801
3.612
16