2024-12-31-accounts

RKCISTERED CHARITY Tr4UMBER.. 273682 CHARITY COMMISSION REPORT OF THE TRUSTEKS AND UNAUDITED FtNAIICIAL STATEMENTS FOR THE YEAR EM)ED 31 DECEMBER 2024 FOR TRIRATLYA BUDDHtST coM]￿TUNITy BRTCJHTor4 TRADING AS BRIGHTON BUDDHIST iYrRE F I CRT Litnit¢d Flat 24 Weliingtonia Court Laine Clos¢ Brighton East Sussex BNI 6TD

TRIRATNA BUDDHIST COMMUNITY RIGHTOTrI TRADINC AS BRIGHTON BUDDHisf CEDJTRE CONTENTS OF THE FINANCIAL STA TEP¥TENTS FOR THE I I DECtMBER 2024 Pag¢ Report of the Trnstees I to 7 llldepcndent Examine￿5 RepoTI statemellt of Finaneiol Activiti¢S B&lxnce Shttt NthLS to the FinaTrcial Statements Tl to 20

TRIRATLYA BuDD￿ST COlV[￿Tu￿r[v IIRIGHTO TRADING AS BRICHTON BUDDHIST CENfRE REPORT OF T TRUSTEES FOR THE YEAR ENDE]) 31 DECIMBER 2024 Th¢ tri￿¢¢8 Present their report with th¢ financial staten]ents of the ¢harity for the ycar ended 31 December 2024. The ustee¥ have adopted the proTrisiolls of Ac¢ounting and Rewrting by Chwitieg.. Statement of Recomm¢uded Practice appli¢abl¢ to ch&ritlES preparing iheir accounts ill 8¢wrdanc¢ with the Fimanciat Reportin¥ SL￿dard applicabl¢ in tILe UK and Republic of Irejalld (FRS 102) (effective l Jauuary 2019). TeTJ]]s Used the Texl DhaJinaclwi Dharniacharini." ordained followers of the Buddbag teachiJg$ * Otd member.. apersoll ordained illlothtt Tiiratna Buddhist Movement Triratsa: The three jewels sigDify this movement (the Bllddb& the DhanD4 the Sangha) OBJECTIVES AND ACTJVITtES Obje¢tiYes and principles Object5 The Ch￿1￿ cotLlitntes to Work to the objects laid out iu it5 ¢onstitllÉioll". l. E*ncouragin¥ members alld others to live in aGcordance Thvith the tsachings of the Buddh& In partic￿]ar following Trirathtis vision d¢scribed by Sallgharakshit4 its foullder. 2. Encowaging member5 alld others to live acconlance with th¢ teachings of the BtLdtha. 3. Maintaining close COM￿LUn]ratIOn with and wotking undBr the guidance of the Trirattia Blldd￿lst Order aELd i Co-operation with other 8roup5 wil.h the objects. Principl¢$ l. The Association is orsani5ationally alld fmancialty indopendellt from other with the same objects" 2. Th¢ Association rc5pects all aspects of the Buddhist tradition and￿cOgniseS the value of ¢adL and intmds to WQTk in hanF)Dny with all oih¢r Lxistillu Buddhist <kroups and organI￿tIOns. 3. The Association 3h&ll ttot. as such. be ￿rIllatEd with any political paty or OTgalli5ation, and $h&ll llot trke ptllt in political activities except in $£cord￿e with guidelines issued fro]n time to t]￿¢ ty the Charity Commi9siollers of EngLand 3￿d Waks: 4. The Associalion ghall not b¢ run for profil and any ￿￿Y acctve froTn publications OT otheT Wiivities sh&ll be devoted to the fiffthèrallce of its aims. 5. AU decisiot)s of the Ass(Kiation shall be madE by collsen5Ub. Should tbis PTove to b¢ impossible lo ascertaiT) wiihin attasollable time. the de¢ision shall Ix by tnajority vote, tILe ChaiTbaving¥ th¢ ¢￿tI￿r vot in the evet)t of a tie. Publle ben¢fit The Tntst¢es conf]nn that tbey havc Teferrcd to t.he guid￿lee contained in tlie Charity ComJllis5ion's general guidance on pubLi¢ benefit when reviEwiDg the cE￿ilY'S aims and objeclives and in Ihe plat￿7￿% of actiyities. The TrnL8tee8 believe that the parwaphs, specifically on the'objdctives and Activities, and'AcbievcmeDIs arLd Perf0rnL￿ce, for the yearTelat¢ ill detsil the benefit that the Charity provides to th¢ public. Page I

TRIRATNA BUDDHIST COMMUNITY BRJGHTO TRADINC AS BRIGHTON BUDDHIST CENTRE REPORT OF TktE TR FOR THE YEAR EiYDE EES I ￿E￿mBER 2024 ACHIEVEM￿NT AND PERFORTrLINCE Charitabk activities - Chalrn Report 2024 Dharma Activities. During 2024 the TnLEtec5 and Teatn continued to or(Tanise and offer a variety of Dbarnia tourses. We also offered an extended reptyytoire Df daity Dro￿1￿ Mcditation Classes. Overall. M'e PLDvid¢d the opport￿lty for Sangha mcmbers and the local commurLity to ¢xperien¢e introductory Meditation aDd Dhomi& cla&8&s &8 well as cl&gses for more exp¢iienged practitioncrs. Ollr young peoples ¥oup continued to thriv¢, and it wag not Unusual to have 40 or more attendee5 at the under 35,5 weekly practiee evening. In &dditlOll. in 2024 ive bogall to offei Urban Weekend, S￿dY and Meditation 5¢S3iI)ns Tun by OLrt' Mitra md Order team. Our GelldBT IA¥8rsiry Group continu￿1 ID meet Monthly and was more popu13r thDll ever. MaDy iJ)dividuaJs fiDm this group moved toward D]wma EvenL8 and fi]rth￿ tnxagement ill study, thus encouraging the TrusE¢eg 10 see this group not only as a discrets entity bllt a5 illWTtsant a￿d sensitive uat¢way iuto the Dharnia and wida. Sangha. Dt]ring 2024. we supported 9 r¢glllar Mitra 5luty 8roiips to meet on a we¢k]y b&sis in person, as well as 8¢vernl informal study gLY)UPS that ￿ett virtuaily. Nutnerous Going for Ilefug¢ Groups atso continue to llL¢et on a weekly ba￿$ at tbe centr¢ W¢ contin￿ed to fa¥ilitth a Dhamia evening for Men and a WoThen's LunclL gTQUP. iy)th groups meetingT ¢V0ry 6 week5. lThe Centre ork>anised n]ottthly festival days Tn 2024 in concert thc all￿￿al Buddhist Calander alld tlie widcr Tr]rati￿ Community, Ml ¢vents wtrE )vtsll att£llded and conrinued to be a focus for the wider Sangha to congrega*E and celebrate together. We weiE also able to offer 2 weekend retreats at our local ￿treat centre. Tb¢ fitst of which was a well-attellded local Sangba retreat on a charged basi5. The second was a Dana invitatiornal retreat to allow rhose many supporters al ¥olllttte2rs to enjoy a practict weekeJ)d together as an eXp￿SSion of thajffts for all their hard work LD 2024. We conti￿ted to off¢T a wide Thng¢ of expertly rw) Secular Meditation ¢our9es. The5E are an impottaDt source of incoffjt to th¢ charity. Yoga Tropin classes co]Jtinued throughout the ytar offering a varied llLiX of, tradition4 teacheLE and times. 2024 a150 withesstd L deepenillg relationship between the Brighton Buddhist CeDtr¢ and EvDliitioll Arts. Althoutsh ther¢ is yet little comtll¢r¢ial support from EYoluLiOn Arts. the Trustee5 are ¢ontent tbat & mutual ¢TOSS feLtilis&tioll of interests aELd courses proye t(> be beneficial in ways that are beyond a f￿ancIal value. The CeTJtre colltinued Lo Off￿ a weekly droTri]L Meditatii)D class for those Tndividuals living with Callcer. This cla55 is aTL imwttalltrewuTce lor thè loca] comtnunity and is offered as a 5eculer meditation class. DLLrittg 2024 the Erustees 8nd Team saw an increase th¢ ntttnber of Scbools th&t visited the celltrè. We were able to LOntrib￿te tothe fonTLal and 1llfonm￿ educational need5 Df nutllerous loca] sctwols and ¢olleges. FiDally, the Trustees attd Team were able to participate fully in tbe Brighron FTinge Festiva] offeting the locaf 8nd visiting collununity a day tsl dropÈn classes, workshops ond talk5. T¢4m and Support. In 2024. Sihanasbtada ,SuryTrdaya and ShLLddhadaLT joined the Trustees 7nakittg ouy nlltllb￿ Seven. The Team was depleled itt nuJJ]ber when Padjnanitta left u8 in late 24, the Cowicil would likL" to th￿ik her foT ajl hffl. Illa￿Y contrsbutions to the celltre during the year. The Council Ivould also like io fornially ttjoice in all (hose individua]s that have Gon1ributed to the 5uceess and i'unnin of tlLe rentre in 2024_ We would also thank Dhamavasita and Karunavii? whose diligence and tLard work EDgmgillg¥ th¢ Newport Street propeity is llivaluable to lls. Th￿kS also to The FIn￿¢t Kula, ￿l￿￿]nandi. Heather. Santacitta and Virnokshaja who continued to Look after our finan¢es in 24.. Pagc 2

TJURATNA BUDDHtST COMMUNITY CHTO IIYG AS BRIGirroN BUDDHtsr CENTRE REPORT OF THE TJIUSTEES FOR THE YEAR ENDED 31 DECELIIBER 2024 Projects and Finallce. 2024 th¢ Charity entercd its fth year, w8t- covid and the TTU5tees f¢el confident thatthey have sufficient daLq alld resources to reflect and plan fijr tht 10118 spiritual and the littaD¢iai fUtll￿ of the BriJ)ion Buddhist Centre. CollatiiL<t staiistics from athree-year p¢rind, botEL pre- 3lld post-covid have equipped the tLUSte¢s with the information Lo see Ibe discrete areas where progress has beEn ]nade a4 well as those k￿e&S that perbaps tseed more att¢ntion so that the Council Can plan in a meaningful way. The f]rst few yeaTS of p05t-¥ovid tty)pening bave bEen years of rebuilding our base as a popular venue offeri￿7 Dharna, Meditation alld B(Kly baKd practice ID tbe very celltrB of Brighton. It has taken ¢on8idornble effort ￿ld ellergs to return the Buddhist Cemtre to %omething approacbing its pre-covid posilion. We still have work to do. Otber long-establishEd y￿uc3 offering sitni]ar body-based clas¥cs have gone wl of busiiiess. Since the sale of our property in St James AveDue w¢ have used capita] ￿serveS to refurbish Newport Street ta a high cDmmtr£ially rentable standard. The income we d¢riv¢ tsom this pro￿rtY is now the same as thE remtsl illCOJDe from both properties pTe-covid and the maintenaDce is 9ubsralltLally lower. We cowlded the ECO PTO.ject iD 2024. WT fi]rther capital tund5 used to finali5e the work8 in the ll￿]n shrine room rhe Truslees felt satisfied ihat this was a SQUDd itLve5tment. The Eco proje¢t has incre&8ed our electricty bills: but our gas usage has fallen to zero. We musi now asse5S how we run th¢ energy requtrements of the centre as more lllf0t￿at10￿ is collaitd frojn gur solar pallels and heat pU￿p3. The TTUSlCCS can seo thdt we need to support tnore cowses to be rurL ￿ the c¢ntre to inCEea￿ income. We also Tecognise fundraising will play an impor(aDi 501¢ in rhe coming months. Although the D¢t ordinary illcom¢ is still in defjcit in 2024 the tru5t¢cs f¢el that 5ew¢ral mitigatiTTg factors are at play. The higher building costs in 23, and 24,. the 'one off ex Gracia pa)rylleDts to departingT fjolloagues aDd the increased d¢pYeciation costs in the same period alt sigllifiGantly affected the ncl wmp8red to provious y&ar5. The gtaff sttpport costs in 2024 are at 2017 levels which the trustee5 fEel is & siguifLcarn achievement iii the current clTtn2te. We are however mind￿1 of cost rises ill future years. At the time of writing the Trustees have judiciouslyeppointcd Tyirakna expertise to advise us regardillg fiindraising in lh¢ ]ll￿edIate futhTe and an in-depth scrutiny (yl'our OItt￿¢ costs and potential ￿￿dItional income streams. Metta M8itridarshin. Page 3

TRIRATNA BUDDHIST COMMUNrrY IGHTON TRADING AS BRICHTON BUDDHIST CENTRE RFPQRT OF THE TRU EES FOR THE Y R KNDED 31 DEC BER 2024 FINANCJAL REVIEW Finaneial pnsitiu Anc0￿C Th¢ total ￿nG0￿e for the ycar f¢ll by 20A from £169,399 to £166.493. rotal Donatio￿ fell agaill by 70A tr(>m £22:488 1() £20.804; regul8J DonatiODS from stalld1￿3 ordeyg fell by 30/0 other donations fell by I30/4 as llo dollation wa5 received from Cvolution Arts, but was partly offset by a GAADS claim of £2,000. Lnvestment illcollte nise ty 23U/u from £4,904 to £6,054 due to thc rise in intereSt￿eS. The illcome from Charitable A¢tiviiies has fallell by a modest 20%￿ some s0￿CeS of incollle risin& .sorn¢ fa]ling (lurinL' th¢ y¢4r. Ittco￿e from drop-in classes rose again by 13% from £19.058 to £21,5i3. This L5 fi￿ded ￿llY fro]D donations but ihL associated Gift Aid Cla￿ in included with t)onaiioDS. Tb¢ Tental illcotne frotn the Newport Street property ros¢ by 8¥0 from £47.450 to £51260. The Trnste¢5 have decided to delay a full rise to market level in the r¢nt char8ed ulllil new tenallts siglle up in 2025. Associatsd costs fell by 18Yo as there w¢re no major maintcnanc£ costs in 2024. Maintenance costs are oovwed by dle Newport Street R¢scTve. created to enswt the ongoing ]nainl¢nallce of this property. Ihe Reserve staDds a¢ £14,000 at the year 'll)¢ net profit from tb¢ property was £38,059 for th¢ year. Jnconje fmm Milldfulness Based courses rose by a rnodest 30/0 from £7J54 to £7,751. Income trom oth¢r Sources rosc by I IO/D frixll £4.17] to £4,628. This 1￿cludeS Cotllmullity Days. Mell's nigho Wo[n￿'S nights alld open days. Incorne from room hire ros¢ by 3 /0 frorn £4.039 10 £4,170 The net profit frofft Yoga and Tai Chi rose by 60/0 from £16.75110 £17.732. Classes remain¢d stea0¥ throughout th year with morning8 being especially popular The in¢reases these 50urce5 of incon]e were offsd by the income from Charged Classes falling by 60/0 from £9,155 to £8,577. P]u5, thc 1055 from Tttrtats ros6 by 31 /0 ill 2024. from a loss of £1,502 to a Ios5 of £1,948. Rtttreat JnGome fell frojn £3,990 to £2,050- cost5 a]so f?11 from £5,492 to £3,998. No specifLC f￿ndraISi￿g a¢tsvitie8 took plaee itl 2024; Expenditure Total Expenditwe fell by 13 % in 2024 fiY)m £210,755 to £183,293. This was mairLly due to a one-off th)natiDn to Triratna Siralla in 2023 of £IO.S(X), not beillg iepested itL 2024, and a150 savings in staff costs of 16fj/0 redueins from £98,480 to £82,79l. Tbe increase in the tnilliDLum wage and NIC legisl4tioll ID 2025 mealls sa1￿￿eS will inCr￿Se in 2025. Building Costs inchde utilities alld ma1nteJL￿ce costs 8lld fell by 60/0 from £13299 to £12.148. Savinkis in most costs were offset by incre&8e5 it) electricity of 19010 aTtd lift ￿ainte￿É￿ce of 158¥u. Administration Costs for ihe Ticbbome Street Centre r05¢ by 17n/o from £18.424 to £21,591. The laT&)esi iDcreaSL8 were associated with COmPL]teo shrine costs and atte[Ld￿n￿ at amernber's funeral. FLrther savTtw wero made on Mindfulness Based Counes by notpurchasiDgl eomyanion books. Balance Sheet The Buddhist Celltre tLolds two propetties as asscts. Tb¢ Valuation of the Centre is £2,256,088, the Matket value iii Febr￿TY 2022y pl￿ the EooProject invest]nents. The Valuatiot) of the Invest￿ent propErty llt Ntwport stre¢L IS £915,0(M), th¢ Market valut in F¢bTuary 2022. We have Also set aside a Deslgnated REs¢rv¢ of £14.0(XJ for tuture maitrttnanc¢ of thi5 prop¢ty. Page 4

TRtRATNA BUDDHIST COMiItUMTY BRIGHTODI TRADINC AS BRIGATON BUDDHIST CINTRE REPORT OF THE TRUSTEES FOR THE YEAR EP4DEI D 31 DECEMB The cash balance stands ai £212,519 at the year eDd. Cash inwesied long ￿rnI has fallen from £255,963 in 2ts￿ to £180,365 in 2024. thi5 is due to expendtiure oil the E¢oTh'oject ph]s cumulatTve Ilmds from operatingr 8ttivities. £126,532 is held a Triodos Long Term Deposit AIC and £53.833 in & Co-op 95 Day Deposit A/¢. These had been iing fenc¢d fnr [￿ssIble future capital investsnent The defLClt for 2024 f¢ll from £41,356 in 2023 to £16,802 ill 2024. This was mainly due 10 the saving% in Statl cost aod tto major cbaritable (lonation. Results Sun]mary of the Operniing re5lllis for preyLOU5 8ix yeftry 2024 (£16,802) 2023 (£41,350 2022 (£13.010 2021 {£35,980) 2020 (£3J,780) 2019 (£29,573) Not¢'. The Net tncotne generated 2021 was £189,107. Hoivever, this included an &¢COUDtiug r¢gtlised g&in ou the Tevaluation of ihe Newrt Street propety. If we add this back, we disc105e a Net Deficit from our OperatTtig Aciiviues of for 2021 of £35,980. As tbe gain oll the property is an accouthing enty and does not generate for the Centre. the Operdting A¢tivities Deficit L5 a tr￿er refltclion of ihe f￿anciaL athivities of the Centr¢ ill 2021. 2019 was the last year when the Celltrc wa5 operating noImally. Jn that yearthe I.rust￿S weLP awaTe that action needed to L)e Lqken to balt and reverse the lar¥e and increaSTng OFwating definit. In 2020 one property w&s sold Éo fimd this. The covtD pandemic in 2020 pr¢vented ￿rt￿eT action beillg taken. The major inYe5tttLeDts in 2023 brought the Newport Street bllilding to a commercial standard Investment Property. Tht. Centre building was made eco effLcieDI, reduced d]e carbon fth)tprillt Lxpected to Teduce utility bills. The intemai work also enhanced the Yisitor experi¢nce, ￿￿tIftg an wicluttere& bTightEF Vr￿Ue that was eXp￿ted to furthffl. in￿e￿ footfall afid increase operaiing iDcome. This has n(x materiatised, and aJtlLougb w¢ have made significant savI￿g5 in expenditur4 operating ill¢0￿e is staguani, and we ￿)Minu¢ to make I0&$e￿ continuing to druw on oui. ¢a3h Teserves. Inte￿5t rates are likely to fall ill 2025, but inflation alld r￿￿ing costs are expected to rise, a5 salarie3. Jt is impeIatiYr we flnd sigllificant iDcreases in illcome ifwe are to move out of a Ios5-tDaking position, otherwise we coiild Lau5t OUT cash resuves in less than 7 yea￿. Re5erYts ond risk policy The charity has had a written risk and reserves policy since March 2016 Teyised in FebrU￿Y 2019. The policy sets OUI the paramete￿ for the ¢h8rity'5 risk and reserv&s policy based its collsbtution arLd gui(knce provided by the Charity Con]]tLission. The fIn￿ce knla rneeis up to 6 times a year t)Y as necessary moDitors changes im Tisk and TeEK)rts back tr> the trustses. In prtieular the polity identifies relevant Cost and 1￿Come ceDtre5 that 5UStaiu OT dr&w OD tho charity's fIn￿CeS. The policy also ideniifies specific risks related to the Gharity's fllwDces md illcome SOLuces. Thii is important as the charity has relatively hi￿ f]xed costs and & re]atively few incoJn¢ sources that are Trwlt]etTbl¢ to rnarket flu¢tt￿tIOl1￿. The incotne sources are not eagily Tepla¢ed by oth￿ sources. The chariry aims to hold 25"/6 of it5 a[￿Ual expellses as a reserve. The puwo8e is io give ihe dwity enouglL latitude to preseTve staff eniploymeDt for up to 3 months ill the event of a 8udden loss of income of the v&tiety not coyeped ty our ]￿uranCeS alld io pay out for routine costs Felated LO the centr¢. The statedr¢serve is PTedictEd to give u5 emou8h ttme to develop alternative strategies for income gellEraiion without irnpairing th¢ Ch￿lty,$ ability to deliver on its objeth oi. to give re&gonable notice to employees should this be llllavoidable. Looking ahead the charity needs to make sufficient provision for emergency or planned mal￿te]jancelr¢pairn to its ptx)pety as8¢ts. It is planned to increase the reserve fjgure in due course to Ietl¢ct this need. Page 5

TRTRATNA BUDDHtST C TRADTNC AS BRICHTON BUDDHI Rl HTO T cETrrrRE REPORT OF THE TRUSTEES FOR THE YEAR ELNDED 31 DECEMBER 2024 STRUCTURF., CvOV£RNANCI ATrID MANAGEI MELYT 8trnctllr& Goverrtanee and Mallagement The orgJanisatlOII IS &D unincorporated ¢harity, regisrgred as a LbaTiry Ott 9 June 1977 irL EtL¥land and Wales. The dllrity is constituted urLder a trust deeAI dated l Allgust1976 ag amended on 20febFuary 1978, 26 February 2010 and 27 ApTii 2012. Cbarity metnbers notllinate theTJ]sclYes fmm a li8t of local Order Members - the Truslee sroup uses CTiieri& to as￿&$ suitability of any interested Ordor Members. Charicy Members re-affimi mctnbership aDllu&lly. Agroup of TN8tees 1$ elected annualty ai the AGM io run the Lharity and m8nag¢ all its assets and ytaff ill aecordmice with its constitutÈon. Currelltly we have 51 m•nbers.TTUSlee& carry #mix of skills and qualities. The centre ¢h&im)an is respon￿7>￿ fi)F facilitsting the Irust¢c goup. The tsu*ee$ respons11)le for the checks balances that support the charitys ongoing healtb; generate the directioll of the ceJLtre at)d its different aspects; impletnEnts the work of wnning the witre alld th¢ charity. arlivety contributes to the positive spiritual life of the mallda]EL. We have a president. An unpaid role JEL wlllch an experienced Order member outside the Charity acts as 8 impartial SPiTiiual voice for all Order fLellLboTS, mitr&s, triends olld th¢ Centre. D$legated a¢uviues The day to day running of the CEntr¢ is delegated to paid staff 5uppoM£d by volunteers. The bmader vis￿0￿, Buddhist leaching, events and activities plalltting are del¢gared the leadership teèm {cha1￿￿rs0ll, rnilr convenors, ¢entre manager). Charity members and other ordermembers have a Si￿lficallt part to play ill O￿atin￿ and delivering these el¢ments. Apaft from the Centre building, Ihe cbarÈty pr(werty which is held for Investment. Traetical ond fintmcial JJLaDagemenl i5 lllldertaken by a u)at)agement agthicy. REFERENCE AND ADMINJSTIL4TtVE DETATLS Registered Cbarity numbtr 273682 Principal 8ddrcss 17 Tichlx)me Street Brighthn East Sussex BNI IUR Trll5te Our curreDt Tr￿￿e¢ group with date6 of appointrellt: Dharmathari Abhayakirtl (DavidFrancis Bernard W¢isz) 18 September 2022 DhatThachaYi Maitridarshin (RonÉild Louis GowEr) Chair 9 July 2020 Dbannaeliarini AkasatL (Anne Mcaul¥y) Secrgtary 9 July 2020 D￿arn￿chartn1 Santa¢ilLa (Dr Jane RodeDc-EvkLllS) Trustee 20 October 2020 Dhgn)wharini SLipada (Sally Ann 8h8Jll)) Trustee I l Novctnber2020 oUTf￿ance kuia, (group), which include5 Maitrid8Tthin 8￿d Santscitta (and others) covers th¢ work of thetreasurer.

ATNA BUDDHTST COMMUNITY RIGHTOTrI TRADINC AS BIUGHTON BUDDHTST CENTRE REPORT OF THE TRUSTEES R THE YEAR EtIDED 3J DECEMBER 21124 REFERENCE AND ADIVI￿41STRAT1VE DETAI[ IndependElit Examiller Christoph￿. Robert Tyler FCA FCJE I FI CR'f Limited Flat 24 Wellingtonia C(x Laine Close Brighton East Sllssex BNI 6TD STATEMEiYf OF TRUSTEKS, RESPONSIBILITIES The trllsttes are ￿sPo￿Sible for prepoxing ib¢ Report of the Tn]stees aDd the t"lD￿ClaI statellLents in acwrdan¢e with applicable law and United Kingdom Ae¢ounting Stsndards (United Kingdom GEnerally Acctpted Accounting Pra¢lic¢). The law appLi¢able ID chaTitieS in England and Wales, the Charities Act 2011: Charity (Accounts and Reports) Regulations 2008 And the provi9Lons of the tnjst deed rEquire5 the tn]stee5 tD wepare f￿all¢la1 StateM￿lS for eaLII financi￿ year which give a ttue and faii view of the state of a£faiys of thc ckHrity aud of th¢ incominui resources and application of ie6our¢es, inc]uding Lhe inco]ne and exFKnditurÈ, of the charity for that period. Jn preparTng those fwallcial statemeDls, Ihe tn]stees are required to select suitsbl¢ accountingT policies and then apply them consistently; obserne the methods 2nd principles in the Cbarity SORP., make jlldgements and estimates that are r¢&sonable aDd prudent" prepare the financial staternents on the soillg concern basis unle&8 it is inappropriate to pres￿￿¢ that the charity will continue ill bu$ihe&4. The trnstees reS￿nsIble forkeeping propth. accoullting recordy which disclos¢ Ivlth reasonable accuracy at any ti￿￿ the fjiiancial p08ifion of the ¢haTity and to enable theEll to ensure that ihe financial statetnents comply with the Cknaritie6 A¢t 2011, the Charity (AccO￿nts and RqJDrts) RegrulaLions 2008 and the pn)visions of the trust deed. They are also yespL)nsible for safeguarding the a5Stts of th¢ charity and hence for takillg reasonable steps for th¢ p￿Vention and detsction of fraud aTJd other irregulaTities. Approved by Order of the board of truste¢s .. . aDd signtd on it5 b6hallby- RL Gowu- Trustee Page 7

INDEPENDENT EXAMINER'S REPORT TO THE TR TRIIL4TNA BUDDHtST COM]WtUNITY BRICTrroN OF Jmde￿ndellt examiner'5 Teport to the trustees uf Trirntna Bllddhlst Community (Brlghton} I report to the eharity trustees Oll my examinadoti of Ihe accoullts of Buddbist Community (Brighton) (tlL Trust) for the year ended 31 December 2024. Respon5ibilÉties and basi5 of report As tjie charty trustees of the Trust you are responsible for tbe preparation of the accoullts itl arcordarLce Tryitli the requirements of the Charytieg Act 2011 (kne Actj. I reporL in respect of tThy ¢xamillatioTJ of the TLwV$ ￿0￿1￿ ¢anied out under Section 145 of th¢ ACL in CEwrying out my exaJniDation J have foJIowed all applirable DirectioD8 griven by the Chariry C4)milliSSif)n under SEcLion 145(5)Ib) ot the Act. llldependent examine￿$ ststemenl I have compltted my exkMLinatLOD. l eimfrn tbat no Ma￿la1 matters have come to Tny attention in cojjnertion with the exarnination me cause to ]￿lieVe that in any materia] respectr &¢countillLF re¢oTds w￿e not kept in respect o£the Trnst a5 requTrEd by Section 130 of the At¢ or the ￿CountS do not attord with those iecords. or th¢ accounts do ntst romply with the applicable requircments ¢onceThing the fomi arLd content of accounts set out in the Charities (Accounis and Reports) Regulations 2(X)8 other than ally requirement that the accounts sive a and fair view which is not a matter considered as paLt of au independeot exÉllntllatity). I lyave no concems and have come across DO otheF maLters in ¢o]wertion w'ith th¥ examination to which atr£ntiiJn shoutd be dtawt) in this report ill order to enable a prDper undcrstEtndillg of the accounts to be reaohed. Christopher Robert Tyler FCA FCtE DCbA Fl CkT LinLited Flat 24 Wellingtonia Court Laine Cli)se Brighto East Suss6X BNI 6TD Page 8

TRTRATNA BUDDHtST COL￿NUNITy BR TrroN TRADINC AS BRICHTON BUDDHIST CENTRE STATEMENT OF FIIY AL ACtIv FOR THE YEAR ENDED 31 EMBER 2 2024 2023 funds fi￿d$ Notes INCOME AND ENDOWMKNfs FROM Donatious and legacies 20,804 22.488 Charwtable aetlYitle5 Charitable income 139.635 142,(X)7 ]nvestm¢ni incoIne 6.054 Total 166,493 169.399 EXPENDITURE ON Charitable activities Admillistralioll Emd goYernw( ChaTitable expenditure 15,594 167,701 197,110 Total 181295 210,755 NET INCOMEI(EXPETr4DITURE) {16,802) (41,356) RECONCILLITION OF FufqDS Total fi]nds brought forward 3,459,17i J,300.531 TOTAL FUNDS CARRLED FORWARD 3,44 373 3,459,175 The notes for]D part of these finallcial sratements

TRIRA TRAD BUDIJHIST COMMUNrrY RIGHTON AS BRICHTON BUDDHtST CENTRE BALANCE SHEET 31 DECEMBER 2024 2024 To￿[ funds 2023 Total funds Notes FIXED ASSETS Tangible assets lllvestnent ptX>PLrty 12 13 2,318.400 915000 2J26,571 )2i3,400 3.241,571 CIJRRENT ASSETS Stocks Debtorg Casb &banL" and in hALd 14 2,590 891 212 i19 3,142 614 289 510 216,000 293266 CREDrroRS Amounts falling due withill one year 16 (7,027) (75,662) NET CURRfNt ASSETS 208,973 TOTAL ASSETS LESS CURRET+rr LIABILITIES -7,442,37J 3.459.175 NET ASSETS J 442,373 3.459 175 FUIYDS Uirestrirted fuDds 17 3,442 373 3459 175 TOTAL FUNDS 3,442.373 3459 175 The finattcial statemeJts were appLvved by the Biian1 of TrnS￿e$ and authorised for isgue on . and were signed on its behalf by: RL Gower- Truste£ The not¢8 forni part of these fir￿2￿claI staternLmts PagE 10

TRTRATNA BUDII ADtNG AS T COMMUNITY RIGHTor HTON BIJ DHIST CENTRE TES TO THE ANCLiL TATEMENTS FOR THI YEAR ENDED 31 DECEMBER 2024 AccouwfiNG POLICIES Basis of preparin¥ the flnallciAI ytaterncntS Basis of prepaLZtiOll The financial statements have been prepared in accord3nre ]vith Accounting and Repoyting by Cli8rities= Statemenr of Recommended PTacti¢e applicable to charities prep￿￿8 their accounts ill ttccordance wilh the rinancial Reporring Standard applicable in the UK and Republic of Ittlaud (FRS 102) (effective l January 2019) - (Cbwlies SORP (FRS 102)), the Financial Reporting StaDdard applicablo In the UK attd Republic of Iretand (FRS 102) and the Charitie5 A¢i 2011. Brighton Buddhist Centre meets th¢ ¥J¢fmition of & publi¢ ent£ty under FRSI02. Assets and liabilities a initÉally ￿QgnESea af hi5tori¢al cost or trans&ctioll valu¢ unless other¥Yist £tated ij) the relevant accounting policy note. The accoLLnls are prepared in sterling, which is the ￿nCtiOnal CUETèn¢y of the charity. Monetary amiwnts in these f]nancial 5tstement5 aTe rO￿ded to the nearest £. The tru5tres consider thal there are no material umeertainties abollt the c1￿7ty'S abiknty to colltinue as a goi￿. concern. Incom¢ lllcome is recognised svbell the charity bas èntitletnent to ihe ft]nd4 any perfO￿nance conditions atta¢hea to the Item(s} of income hav¢ }￿ett met, it is probable that the incorne will be rEceived and the amount can be measured reliably. ]ncorne frouL govenuDellt and other UTrnnts, whether 'capitsl' grants or'revenue, grants, 1$ recogTJi$ed when the charity ba5 entillthnent to the funds, any perfonrjnce conditions attached to tkne have be¢ll JneL il is probable ihal the income willbereceived alld the amoujtt call be rneasurtd reliably alld 18 not defeyred. For legacies, entitlement is taken as the earlier of thc dtLte on which eitheT-. the charity is aware that probate ha5 been graiilod, th¢ estate has been finalised and tLOtification has been Th Ade by the executorfs) to tl)E cl)arity that a distrib￿l￿n will be Tnadt, ￿ when a dL5tributlOll Is received fLDm the estats. Receipt of a legacy, whole oi in pa￿ is only collsider¢d probabl¢ when th¢ amount can be measured ￿1]8bty and th¢ charity has been notified of the executor's itttention to ￿ake a distribution. Where leuJaci¢s havg been notifi¢d to th¢ cl]arily, or the hariry is aware of the gr¥￿tiD￿j of probate, and the criieria foT in¢ome recognition baye Dot becn tnet, then the legacy is treated as a CODtingeDt asset atLd disclos￿ if material. lttcome re¢¢ived in adyauce of a provision of a Specified service is defeJTed uThtil the criteria for ttcognitioll are meL Interest on furAds h61d on deposit is inoluded when receivable and the amount can be measured reliably by the charity- this is Domially upon notificHtion ofthe interest paid or payable by tILe Bank Expenditure Exp¢nditt]F¢ isrecogllised ouce there is a legal or ¢onstrllCtive obligation to make a paymeDI to a thirdparty, it is probable that 5ettletMent will be required and the amount of th6 obligati(Mi be rnea$￿red ieliably. Ewnditure 15 Classified underthe following a£tivity heading5.'- Expenditur8 ott charilable activities includes the costs of rEllkning the Brigliton Buddhist Centre ndertakento furffter th¢ purpose$ of the charity. Other &Kpellditure repY¢Aents those items not falling into any other heading. Irrecowerable VAT is charged as a Cost ￿rainst the activity fgT i¥hiclLihe &Ypellditure was incllrre(L Tttrtglbk r￿ed assets Llldiwdua] fixed assds costing £500 or llLore ar¢ capitsli8ed at cosi and are depreciated over theiT ¢stI￿al¢d useful ewnomi¢ lives on a straight line b&%is. Pagell oDtinued...

TRIRATNA BUDDHIST COMMU TRADING AS BRIGHTON BUD RIGHTOTrI T CENTRE LNOTES TO THE FINAlYCtAL STATEMENTS- contlnued FOR THE AR ENDED 31 DECELIIBER 2024 AccouNfiNG POLICI&S - continued Tallgible fixed assels Jnveslment properbes - Not depreciared Freehold land and buildings- Noc depreciated Library- Shown at cost Fixt￿ES and fLttings- 200/0 straight line Improvetllents to propty- i(W/& and 20￿/0 strai t1￿1 knhey any of the purposes of d￿lty. Desi8Dated fl￿dS aTe unrestrieted fl￿d$ of the ch￿lty which Trustees haye decided at their dis¢retioll to set &8id¢ to use for a 9pecifLC PiLiPOSe. Rcstricted funds are donatiDn5 which the doJ)or ha5 spccified are to be 8olety used for particular areas of the ¢harity's wotlc or for specifLC proj¢cts being undertaken ty the charity. DonAted good$ Donated prnfeggional service5 and donated facilities aT¢ recognised ag income when th¢ charity has colltrol over the tiem, Any conthtions assoriated with the donatrd itetn have been meL the receipt of ¢conomic L￿tfit from the usè by the charity of the item is probable and that economic bellefit can be tDea5ured reliably. In accothce with thc Charilies SORP (FRS 102), general volullteer time is not recogD15e(L' refer to the TnL,4tees' annual report for more inforniauoD aboui their ci)ntrLbntion. On receipt, donated PTofe5sitinal seJvices and donated faciliti¢S are recognised on the Easis of the vahie of the gift to the charty which is the amount tb¢ charity would have been willing to pay lo obtain services OT faciliti¢S ofequivalent economic benefit on the open Lllarket; & corresponditig amount is then recogniseil in eX￿ndi￿lE T the p￿10d of recapt. Debtors Trade arjd other dEbt0￿ are recognised at the sculement arnount due after any trade discount offered. PrepayDJ¢nts aTe Val￿ed at the amowJtPTepaid nct of any trade discounts dv¢ Cash at bank in h8nd Cash at bank cash in haDd includes ¢ash and short terrn highty liquid investments with a short maturity of tbree months or less from the date of acquisition or opening of the deposit or simi]ar aecount. Creditors provisions Pag¢ 12 coulinth¢d...

TRTRATNA DDHtST TRADll¥C AS BRIGHTON B KIGHTOTrI ENTRE DIUST NOTES TO THE FIiYAN FOR THE YE ENDED ALST DECE TEMENTS- toThtinued ER2024 ACCOUNTITrIG POLICIES - colltinued Crediturs and pmvision3 are recogt)ised wheJ¢ the charity h&8 a pitsent oblig￿l0￿ I&%ulling from a past evcnt that will probably result the transfer offiLnds to a third party and the aTnouni due to seiile The obligation can be measured or estimated reiiably. Creditors alld provision5 are noIn]ally ￿0s￿l3￿￿ at their settlement &noLlUt 2ftcr allowing for atty trade discoullts due. Financi￿1 instrnm¢nly The charity Linly hag f￿ancial 29setg and finallcial liabilities of a killd that qualify 89 basi¢ finEJttcial instrutn¢nts. Ba8ic financial inslrnments are initially recogiiised at trnnsaction vttlue subseoupmtly njeasured at their settlement value with the exception of bank loans which aTe sub9equethly measured at allLortised c05t using the effedive interest rnethod. Penslons B￿plOyeeS of the charty are ¢ntided to join a de'f1ned contribution 'money purchase. scheme. Tre charity's contriL)lltiOll L5 ￿$trIcted to the colltribL)tions di8¢108ed in nots 9. There were no outstandillu contributions at the year ¢niL DONATIONS AND LEGACIES 2024 2023 Donation5 20,804 22,488 INVESTMENT INCOME 2024 2023 Trposit &ccoimL interest 6.054 INCOME FROM CHARITABLE ACTtVlTIES 2024 2023 ActiTrity Cbarittble income ch￿￿table illcome Charitable illcon)e Charitable income Charitabl¢ incotne Bookshop Classes Commu￿LtIeS income Courses Library zlld others MindtL]kne5s based approaches Other evemts Retreats RoO￿l hire Yoga and Tal Chi 2.726 5,806 19,Oi8 47,450 9.155 6,101 51.260 8.577 1.148 Charitable iJcome Charitable inc0￿e a)aritable income Charitable illcom¢ Clwiiable irn¢ome 7.571 4.628 2.050 4.170 35,952 7,354 4,171 3,990 4,039 li9,6i5 142 OQ7 Pdge13 O￿tinUed...

TRIRATNA BUDDHIST CoTrll4rfUN￿y IGHTO TK4DING AS BRICHTON BUDDHIST CENTRE NOTES T THE FINAIYCIAL FOR THE YEAR EIYDED 31 D TA TEMENTS- contlnueil EMBER 2024 CHARITABLE ACTIVITIES C(LSTS Direct Costs (See note 6) SupFKTrrt costs (see Mot¢ 7) Totals Administration alld govemance Charitsbl¢ expenditure 15,594 15,594 167,701 167701 167.701 15,594 183295 DIRECT COSTS OF CHAR￿ABLE ACTIVITIES 2024 2023 Bookshop purchases Building ¢ogts Centre costs Teathers and s￿￿£eTS Depieciation MiDdfithess based approaches Miscellaneou5 costs Cornmunilics costs Order Expenses Other eY¢nts expaises Publicity Retreat costs Siaff Training "rEiratna s]pport Yoga and Tai Chi 2,363 12,148 8,274 261 13,760 3,662 io 11,2(19 872 925 750 3,998 82,791 6,658 I,soo 3.)67 13,299 7.172 4.097 134 14,179 1,950 860 5,492 98,480 4,185 12,304 167701 197 110 SUPPORT COSTS Totsl A(hniniststion and governance 15.594 Support Costs, included in th¢ abo¥4 are as follows.. 2024 2023 Tota] activities Total activities Administration Ballk and f￿a￿ce char8es 13,318 11.253 Page 14 ¢Dncillued...

TRIRATNA BUDDHtST OMMUNrrY IUGHTO TRADING AS BRIGHTON B DDHigf CENTRE THE Ff4ALYC R TIIE YEAR ENDED 3k ntlnlled EtItBER 2024 TRUSTEES, RE14￿uN£RATlor￿ AND BKNEFITS Parngraph 6.3 of the Consti1lltion of BIighton Buddhist Ccntre ¥ives Sp￿]riC permission for the charity to e￿ploY Trustees. TrllStee8 re¢eivinE support &8 employ￿$ are.. 2024 Dharmakara (Resignod November 2021) Abhayakit£i (Appoinied Septe￿ber 2022) Shuddh&dlwa (Appuinted SoptembeT 2024) 21,847 4,649 Tr￿￿e¢S. expen5 There were no Iru5tees' expenses paid for the year ellded 31 December 2024 nor for the yoar ended 31 Decembtr 2023. One trustee received Teimbursed LTpeu8e5 Qf £472.25 (2023 Thvo Lrllstees Ieceived retEnbursed trHvelling expenses of £498.65). STAFF COSTS Staff costs during the year wety as follow¥: 2024 2023 Wages and salaries Social s¢curity costs Pension costs Employment a]loWk￿Ce TraiDing 79,811 3,1 2,769 (3,1 94,846 5,li4 3,634 (5,134) 8923 No employee hag enwloirynent bellefits in ¢xce8$ of £60,000 (20￿.. £NIl}. The average nmber of staff employed during the wiod was 5 {2023'. 5). Th£ Brightoll 8udthist Centre Ope￿¢S a fflat management structure, with dwisiotts beingy taken collectively by siatf. The koy mallabjement F￿sonnel of ttLÈ charity comprise the TTusiees. Th¢ total employee bEnefits, including ¢mployus J)ationat insurance k￿d employers Ewsion contrsbution& of the key managunent persnnnel oEthe chwity were £3,625 (2023: £24,658). The Brighiot) Buddhist Centre OPETates a def]J)ed contribution scheme operated by NEST. lthe contributions as at December 2024 were employer 5Dlo arLd etnployee 3Uh. Page 15 continued...

TRIRATNA BUDDHIST COMMULYITY TRADING AS BRIGHT0Tr4 BItDDHIS RIGHTO NTRE NOTES TO THE FINAN ALST iKEN FOR THE YEAR ENDED 31 DECEMBER 2 ntlnue(I 24 io. COMPARATtVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES 2023 unT￿triCted fi￿d5 ILYCOME AND ENDOWMENTS FROM Dollations and legacies 22.488 Chgritsble activltles Charitable income 142,007 Investment incom¥ TDt#l 169 399 EXPFNDITURE OTrI Charitable activitie5 Administration and govwwicB Charitable expendituie 13,645 197,110 Totsl 210,755 NET llYCoTr￿(@xP￿NDlTT]RE) (41.356) RECONCILIATION OF FUIYDS Totsl fllud5 bTOU8bt forward 3.500.531 TOTAL FUNJ)S CARIUED FORWAIU 3.459 175 11. T INCOMEI(EXPENDITURE) FOR THE YF.AR Thi5 is stated afteT cbartTinol(Gredltll￿. 2024 2023 DepTeciatioll ludependeut ¢xaminaiion { inol VAT) 13,760 13,322 840 continllcd...

TRIRATNA BUDDHiST COIVll*lUNITY BRIGwfoN TIL4DTNC AS BRIGHTON BUDDHIST CENTRE NOTES TO THE FJNANCL4L FOR THE YEA DED 31 S- eontlnu¢d EMBER 2 TANGTBLE FIXED ASSETS Itnproverllellts Fixtyres Freehold Plan¢ and machinery pmperty fitlit)gs Totals COST OR VALUATION At l January 2024 Add5tion5 2,256,088 61,724 2.269 46,588 5,588 2.366,669 At 31 December 2024 2 256.088 61,724 52.176 2,372 257 DEPRECIA TION At l January 2024 Charge f4)r year 7,324 32,774 40,098 13,759 At 11 December 2024 39,977 53,857 NET BOOK VALUE At 31 Decemkr 2024 . 2,256.088 47,844 2,318.400 At 31 De£en]ber 2023 2256.088 l3.814 2.326 571 C05t or ¥a]uatiot) Èrt 31 December 2024 is rtpres¢nted by: Improv¢meDts Fixtt]res Freehold opcty Plant Émd mwhit)ery property fjttings Totals Valuation ij) 2024 56.088 61.724 2269 2 372 257 The fre¢hold property was revalued by Leo Horsfjeld Surveying (Chartered Surv¢yoTr and IUCS Registered Valu¢TS) February 2022 as follows on the basis of open market valtte Vacant posse55i()ti.The Trustees consider that there was no maiurial differellce in valuation between DecemboT 2024 ana FebTUary 2022. Frrehoid Property Ticbbome Street Leo HorsfL¥ld £2,200,0(X) 13. ILYVESTMEWf PROPERTY FAIR VALUF At l Jamiary 2024 and 31 DeceTllber 2024 915000 NET BOOK VALUE At 31 DccEtnber 2024 915000 At 31 December 2023 915,000 Fair value at 31 DeCe￿￿r 2024 is repre8¢nred by: Valuation in 2024 913,(X)O Page 17 colltinued...

TRIRATPIA bVDDHI BRIGETto TRADING AS BRIGHTON BUDDHIST c£f+trRE TES TO THE FINANCL4L STATEMENTS- continued FOR THE AR ENDED 31 DF,CEMBER 2024 13. INVEsTI￿ENT PROPERTY- continued The freehold investment PtDperty wfjs revalued by Leo Horsfield Surveying {Chartercd SurveyoTS 3nd RICS Regislered Valuers) in February 2022 i8 follows on the basis 0£,0￿n market value with vacallt ptsssossion'.The Trllsiees consider that there was no m21eriaI difference ID valuation between December 2024 and February 2022. knve5tMent Property Newport Stttet Leo HoTsfield £915,000 STOCKS 2024 2023 Stocks 2,590 3.142 15. DEIITORS: AMoiJfiTS FALLING DUE AFTER MORE THAN ONE YEAR 2024 2023 Other debtors 891 614 16. CREDITORS: AMOUNTS PALLING DUE WITHIN ONE VEAR 2024 2023 Other ¢reditors 7.027 75.662 17. MOVKMENT IN FUNDS Net movement in'h]nds Tran9ters tween fuuds At 31.12.24 At 1.124 Uurnstriettd funds GeDeral fund Fair Value tTserv¢ (In rev￿U￿tiOn of Illvestu]eDt Property Revalutttion reserve Oll ievalllation of Fr¢ohold Property Iksignated fulld- reserve for ongoing maitrtellaDce of Newp)rt Street. 1,107,817 (13,838) (9,600) 1,084.379 552,401 552,401 1,791,593 1.791,593 9,600 14,000 3 459,175 i 442.373 TOTAL FUNDS 3,459,175 16,802) 3 442 373 Page 18 outiuued...

TRIRATtYA BUDDHIST C BRIGBTOIY TRADTNG AS BRIGHTON BUDDHIST CENT NOTES THE FIN L STATEMENTS- continued FOR THE YEXR ENDED 31 J)E EP*IBER 2024 17. MOVKMEwf TN FUNDS- eDntlnlled Net movement in fund4 included in the above are 25 follDWS'. Tncoming resources Rasources expended Movement iD fiwds Unrestrlettxl fvndx Gen¢ral fulld Designated fund- reserve for ongoing ainlonwlce of Newport Strett. 166,493 {I80,331) (13,838) (2,964) l83,295) 16,802 TOTAL FUIYDS 166 493 18i.295) (16,802) Comparatives for movoment in funds Net movejllent I￿ fi￿d$ TrarLsfetS betwee funds At 31.12.23 At 1.1.23 Unrestricted thnds Genera] ￿lld Fair Vttlue reserve revaluation of Inv&sthient PropeTty Revaluationr¢serve on revaluation of Freehold Propety Designated fiLDd- rcserve for ongoing mailltenanL¢ of N¢wport Stregt. 1.150289 (33.664) (8,808) 1,107.517 552,401 552,401 1.791.593 1.791,593 6248 8.808 7.364 3,500 531 41 56 3,459.l75 TOTAL FUYJ DS 3.500,5Jl 41,356) 3,459,175 Comparative net i)￿VeMent in fund& in¢iuded ill tILe aboye are as follows: IFJ¢oming resources Resources exptymded MovemerLt in funds Unrestricted funds Genei'al fiujd Designated fLmd- reserve for ongoing m8inten&nce of Newport sbtet. 169.399 (203.063) 133,664) 7.6Y2 169399 2IO,755 41.35 TOTAL FUNDS 169399 210,755 Page 19 contin￿ed...

TRItL4TI¥A BUDDHI TRADJNG AS BRIGHTON BRIGHTO DHtST CENtRE NOTES TO TH E FINANCIAL STAT - tnntlnued FOR THE YE R ENDII D 31 DECEMBER 2024 J& RII LATED PARTY DISCLOSURES Rela￿d party transactions are disclosed in note S. 20