**Draft Financial Statements at 30 March 2026 at 13:13:47**
**Charity registration number 274500**
## **TARALOKA**
**ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025**
**Draft Financial Statements at 30 March 2026 at 13:13:47 TARALOKA**
## **LEGAL AND ADMINISTRATIVE INFORMATION**
**Council** A Denys R Lovering H Baker V Carter T Roe J Burbidge Candraprabha - President (not a Trustee) A Cronin **Charity number (England and Wales)** 274500 **Principal address** Cornhill Farm Bettisfield Whitchurch Shropshire United Kingdom SY13 2LD
**Draft Financial Statements at 30 March 2026 at 13:13:47 TARALOKA**
## **CONTENTS**
||**Page**|
|---|---|
|Council's report|1 - 3|
|Independent examiner's report|4|
|Statement of financial activities|5|
|Balance sheet|6|
|Notes to the financial statements|7 - 16|
**Draft Financial Statements at 30 March 2026 at 13:13:47 TARALOKA**
## **COUNCIL'S REPORT**
## _**FOR THE YEAR ENDED 31 DECEMBER 2025**_
For the purpose of the financial statements, reference to the 'Council' incorporates their role as Trustees, except for J Bond. The council present their annual report and financial statements for the year ended 31 December 2025.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Charities Act 2011 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)".
## **Objectives and activities**
The charity's objects are the advancement of the Buddhist religion, in particular to encourage members to live in accordance with the teachings of the Buddha through the experience they gain from short periods on retreat at Taraloka. One of the charity's objectives is to support ordained members of the Triratna Buddhist Order (previously known as the Western Buddhist Order) and other duly ordained Buddhists, at the discretion of the council.
There have been no changes in policy during the year.
The council have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake with particular reference to the public benefit guidance. The council considers that the performance of the charity has been satisfactory regarding its achievements and public benefit.
Throughout the year, the core community comprised of 9 women all of whom received general financial support and accommodation. During the year the charity also supported other short-term volunteers who benefited from the experience of living in a Buddhist community.
## **Achievements and performance**
The Council considers that the performance of the charity has been satisfactory regarding its achievements and public benefit. The charity ran a reduced programme of 49 events (a total of 253 nights) whereby 14 (45 nights) of those events were accessible to the general public. 34 events (196 nights) were for women already practicing within the Triratna Buddhist Community. We also ran 12 night Volunteer Action for Peace retreat for 7 women.
We have maintained our policy of asking for donations (after the booking fee) for our retreats rather than charging rates. This is very much in line with the traditional Buddhist approach of not charging for teaching Buddhism and is a very satisfactory policy for this Charity: enabling greater access to a wider range of people regarding our aims and objectives. There have also been a large number of improvements to the facilities and grounds.
In 2025 we donated a total of £17,691 to institutions (Central Dana £12,991 Karuna and FBA £2,160, we gave £1,000 each to Dublin Meditation Centre and to Guhyaloka, £500 was given to Ratnavandana and Shropshire Wildlife Trust £40) and we gave £2,330 to external retreat leaders (8 people).
- 1 -
**Draft Financial Statements at 30 March 2026 at 13:13:47 TARALOKA**
## **COUNCIL'S REPORT (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2025**_
## **Financial review**
The Statement of Financial Activities shows the incoming and outgoing resources for the year.
The charity continues to claim Gift Aid on the donations received at the end of our retreats. In addition, the charity receives income from the Renewable Heat Incentive scheme; it is likely that the charity will continue to receive funds from this scheme for a total of 20 years.
It is the policy of the charity that unrestricted funds which have not been designated for a specific purpose should be maintained at the level of £100,000 unrestricted expenditure. The council considers that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity's current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year. At the end of the year we had cash reserves of £364,711
A bulk of cash reserves are invested in the COIF Charities Deposit Fund.
The council has assessed the major risks to which the charity is exposed, in particular those related to the operations and finance of the charity, and are satisfied that systems are in place to mitigate exposure to the major risks.
## **Plans for future periods**
We commenced work on a new Office in 2025 to replace the current portable cabin that is past it’s useful life. The work will continue into 2026 but should not impact our retreat programme. The costs will be met from charity reserves. We also aim to improve roof insulation in the retreat centre in the winter of 2026.
## **Structure, governance and management**
The Charity is governed by its constitution.
The council who served during the year and up to the date of signature of the financial statements were: A Denys
R Lovering
H Baker V Carter T Roe J Burbidge Candraprabha - President (not a Trustee) A Cronin
Appointment of the council is governed by the constitution of the charity. The council must consist of not fewer than four and not more than fifteen members who are elected at the annual general meeting. The council is authorised to co-opt new members including officers to fill vacancies arising in the year.
Candraprabha continues in the advisory role of 'President' to Taraloka; she is not a trustee.
The Charity maintains close communication with, and works under, the guidance of the Triratna Buddhist Community and in co-operation with other groups with the same objectives, although there are no connected charities or organisations that have influence over the activities held at Taraloka Retreat Centre.
Of the present members of the council, Rachel Lovering is also a trustee of Clear Vision Trust, and Anne Denys is a trustee of Tiratanaloka and Akashavana.
- 2 -
Draft Flnanclal Statom8nts at 30 Mah 2028 at 13..13:47
TARALOKA
COUNCIL'S REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
The counal's rewrtwas approved by the Board of Counell.
041
V Carter
Councll Mombor and Tru•tO0
TRot
Coun¢ll Momber and Tru#t••
Dat8..
## **Independent examiner’s report to the trustees of Taraloka**
I report to the trustees on my examination of the accounts of Taraloka for the year ended 31 December 2025.
## **Responsibilities and basis of report**
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’). I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
## **Independent examiner’s statement**
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
1. accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which 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 to enable a proper understanding of the accounts to be reached.
Signed:
Nicholas Gray, FMAAT
Adhisthana Coddington Court Ledbury Herefordshire HR8 1JL
4[th] May 2026
**Draft Financial Statements at 30 March 2026 at 13:13:47 TARALOKA**
## **STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT**
## _**FOR THE YEAR ENDED 31 DECEMBER 2025**_
|**Unrestricted**
**Restricted**
**funds**
**funds**
**2025**
**2025**
**Notes**
**£**
**£**
**Income from:**
Donations and legacies
**3**
163,406
-
Charitable activities
**4**
111,762
-
Other trading activities
**5**
30,287
-
Investments
**6**
18,986
-
**Total income**
324,441
-
**Expenditure on:**
Raising funds
**7**
16,132
-
Charitable activities
**8**
334,872
1,148
**Total expenditure**
351,004
1,148
**Net income/(expenditure) and**
**movement in funds**
(26,563)
(1,148)
**Reconciliation of funds:**
Fund balances at 1 January
2025
1,094,774
1,198
**Fund balances at 31**
**December 2025**
1,068,211
50|**Total**
**Unrestricted**
**Restricted**
**funds**
**funds**
**2025**
**2024**
**2024**
**£**
**£**
**£**
163,406
204,402
956
111,762
161,876
-
30,287
25,809
-
18,986
23,287
-
324,441
415,374
956
16,132
16,920
-
336,020
356,683
2,360
352,152
373,603
2,360
(27,711)
41,771
(1,404)
1,095,972
1,053,003
2,602
1,068,261
1,094,774
1,198|**Total**
**2024**
**£**
205,358
161,876
25,809
23,287|
|---|---|---|
|||416,330|
|||16,920
359,043|
|||375,963|
|||40,367
1,055,605|
|||1,095,972|
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
- 5 -
Draft Flnanclal St*twnonts at 30 Mlrch 2026 at 13:13..47
TARALOKA
BALANCE SHEET
AS AT 31 DECEMBER 2025
202S
2024
Nots•
Flxad 8880ts
Tangle 8$$et$
14
707,862
3,958
Currnnt 48•0ts
Sto¢k$
Debtors
Ca$h al bank and in hand
15
16
10.502
2e.174
3e4.889
9,963
35,953
513,8S4
401,565
559.770
¢r8dltorB'. amount• falllng duo wlthln
ono y•ar
17
141,1681
127,7561
N81 current a588ts
380,399
532,014
Total 1oB• curronl Ilabllltl••
1,068,281
1,095,972
Incom• lund•
Re$trlcted funds
Unr88tllct8d fijnds
19
1.198
1.094.774
1.068,211
1,068,261
1,095.972
The finanaal 8talem6nt$ were •pprov8d by the Counul on .,,,...
V Cartor
Trustsa
TROO
Trustee
**Draft Financial Statements at 30 March 2026 at 13:13:47 TARALOKA**
## **NOTES TO THE FINANCIAL STATEMENTS** _**FOR THE YEAR ENDED 31 DECEMBER 2025**_
## **1 Accounting policies**
## **Charity information**
The charity is a public benefit entity and a registered charity in England and Wales and is unincorporated. The address of the principal office is Taraloka Buddhist Retreat for Women, Bettisfield, Nr. Whitchurch, Shropshire, SY13 2LD
## **1.1 Accounting convention**
The financial statements have been prepared in accordance with the charity's governing document, the Charities Act 2011 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)". The charity is a Public Benefit Entity as defined by FRS 102.
The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.
The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.
The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.
## **1.2 Going concern**
At the time of approving the financial statements, the council have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the council continue to adopt the going concern basis of accounting in preparing the financial statements.
## **1.3 Charitable funds**
Unrestricted funds are available for use at the discretion of the council in furtherance of their charitable objectives.
Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.
## **1.4 Income**
Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
- 7 -
**Draft Financial Statements at 30 March 2026 at 13:13:47 TARALOKA**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2025**_
## **1 Accounting policies**
**(Continued)**
## **1.5 Expenditure**
Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to pay out resources.
Governance costs include the cost of the preparation and independent examination of the statutory accounts, the cost of trustees meetings and the cost of any legal advice to the trustees on governance and constitutional matters.
Support costs and governance costs are allocated to relevant charitable activities.
## **1.6 Tangible fixed assets**
Fixed assets are capitalised if they can be used for more than one year and the cost is at least £100.
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Freehold land and buildings Not depreciated Freehold improvements 25% reducing balance Furnishings 20% reducing balance Equipment 20% reducing balance Motor vehicles 25% reducing balance
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.
## **1.7 Impairment of fixed assets**
At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).
## **1.8 Stocks**
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. Items held for distribution at no or nominal consideration are measured the lower of replacement cost and cost.
Net realisable value is the estimated selling price less all estimated costs of completion and costs to be incurred in marketing, selling and distribution.
## **1.9 Cash and cash equivalents**
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
- 8 -
**Draft Financial Statements at 30 March 2026 at 13:13:47 TARALOKA**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2025**_
## **1 Accounting policies**
## **(Continued)**
## **1.10 Financial instruments**
The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
## _**Basic financial assets**_
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
## _**Basic financial liabilities**_
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
## _**Derecognition of financial liabilities**_
Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.
## **1.11 Employee benefits**
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
## **1.12 Retirement benefits**
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
- 9 -
**Draft Financial Statements at 30 March 2026 at 13:13:47 TARALOKA**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2025**_
## **2 Critical accounting estimates and judgements**
In the application of the charity’s accounting policies, the council are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
There are no crticial accounting estimates or judgements.
## **3 Income from donations and legacies**
||**Unrestricted**|**Restricted**|**Total**|**Unrestricted**|**Restricted**|**Total**|
|---|---|---|---|---|---|---|
||**funds**|**funds**||**funds**|**funds**||
||**2025**|**2025**|**2025**|**2024**|**2024**|**2024**|
||**£**|**£**|**£**|**£**|**£**|**£**|
|Donations and gifts|163,406|-|163,406|204,402|956|205,358|
## **4 Income from charitable activities**
||**Unrestricted**|**Unrestricted**|
|---|---|---|
||**funds**|**funds**|
||**2025**|**2024**|
||**£**|**£**|
|**Charitable activities**|||
|Sale of goods|73,252|103,886|
|Charitable rental income|38,510|37,325|
|Other income|-|20,665|
||111,762|161,876|
## **5 Income from other trading activities**
||**Unrestricted**|**Unrestricted**|
|---|---|---|
||**funds**|**funds**|
||**2025**|**2024**|
||**£**|**£**|
|Fundraising events|13,737|9,799|
|Shop income|16,550|16,010|
|Other trading activities|30,287|25,809|
- 10 -
**Draft Financial Statements at 30 March 2026 at 13:13:47 TARALOKA**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2025**_
## **6 Income from investments**
||**Unrestricted**|**Unrestricted**|
|---|---|---|
||**funds**|**funds**|
||**2025**|**2024**|
||**£**|**£**|
|Interest receivable|18,986|23,287|
|**Expenditure on raising funds**|||
||**Unrestricted**|**Unrestricted**|
||**funds**|**funds**|
||**2025**|**2024**|
||**£**|**£**|
|**Fundraising and publicity**|||
|Advertising|4,689|3,494|
|**Trading costs**|||
|Operating charity shops|11,443|13,426|
|Total costs|16,132|16,920|
**7 Expenditure on raising funds**
- 11 -
**Draft Financial Statements at 30 March 2026 at 13:13:47 TARALOKA**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2025**_
## **8 Expenditure on charitable activities**
|||**Charitable**|**Charitable**|
|---|---|---|---|
|||**activitites**|**activitites**|
|||**2025**|**2024**|
|||**£**|**£**|
||**Direct costs**|||
||Staff costs|90,342|77,651|
||Depreciation and impairment|49,793|34,724|
||Community support|7,098|12,613|
||Retreats and holiday allowances|12,985|7,118|
||Housekeeping and household food|14,180|15,009|
||Retreat food and service costs|64,152|68,937|
||Order weekends and conventions|585|1,706|
||National and Chariarman's events|2,501|2,514|
||Training costs and course fees|1,146|827|
||Charitable donations|20,022|42,145|
|||262,804|263,244|
||**Share of support and governance costs (see note 10)**|||
||Support|71,032|93,717|
||Governance|2,184|2,082|
|||336,020|359,043|
||**Analysis by fund**|||
||Unrestricted funds|334,872|356,683|
||Restricted funds|1,148|2,360|
|||336,020|359,043|
|**9**|**Net movement in funds**|**2025**|**2024**|
|||**£**|**£**|
||The net movement in funds is stated after charging/(crediting):|||
||Fees payable for the independent examination of the charity's financial|||
||statements|-|-|
||Depreciation of owned tangible fixed assets|49,793|34,724|
- 12 -
**Draft Financial Statements at 30 March 2026 at 13:13:47 TARALOKA**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2025**_
## **10 Support costs**
|**Support**
**costs**
**Governance**
**costs**
**£**
**£**
Services - light, heat and
insurances
14,606
-
Bank charges
5,436
-
Office running costs
5,003
-
Books and library
acquisitions
194
-
Motor and travelling
expenses
8,716
-
Repairs and
maintenance
34,178
-
Sundry expenses
2,899
-
Professional fees
-
-
Accountancy fees
-
2,184
71,032
2,184
Analysed between
Charitable activities
71,032
2,184|**2025**
**Support**
**costs**
**Governance**
**costs**
**£**
**£**
**£**
14,606
14,322
-
5,436
6,230
-
5,003
4,349
-
194
30
-
8,716
9,063
-
34,178
47,372
-
2,899
11,431
-
-
920
-
2,184
-
2,082
73,216
93,717
2,082
73,216
93,717
2,082|**2024**
**£**
14,322
6,230
4,349
30
9,063
47,372
11,431
920
2,082|
|---|---|---|
|||95,799|
|||95,799|
## **11 Council**
The trustees received £13,268 in renumeration from the charity in the year.
## **12 Employees**
The average monthly number of employees during the year was:
||**2025**|**2024**|
|---|---|---|
||**Number**|**Number**|
||10|10|
|**Employment costs**|**2025**|**2024**|
||**£**|**£**|
|Wages and salaries|87,880|75,312|
|Other pension costs|2,462|2,339|
||90,342|77,651|
There were no employees whose annual remuneration was more than £60,000.
- 13 -
**Draft Financial Statements at 30 March 2026 at 13:13:47 TARALOKA**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2025**_
## **13 Taxation**
The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.
## **14 Tangible fixed assets**
|**Freehold land**
**and buildings**
**Freehold**
**improvements**
**Furnishings**
**£**
**£**
**£**
**Cost**
At 1 January 2025
436,893
622,755
83,709
Additions
-
193,697
-
At 31 December 2025
436,893
816,452
83,709
**Depreciation and**
**impairment**
At 1 January 2025
-
510,222
82,983
Depreciation charged in the
year
-
46,575
143
At 31 December 2025
-
556,797
83,126
**Carrying amount**
At 31 December 2025
436,893
259,655
583
At 31 December 2024
436,893
112,533
726
**15**
**Stocks**
Finished goods and goods for resale
**16**
**Debtors**
**Amounts falling due within one year:**
Trade debtors
Other debtors
Prepayments and accrued income|**Equipment**
**£**
100,798
-||**Motor**
**vehicles**
**£**
17,071
-
17,071
10,747
1,581
12,328
4,743
6,324
**2025**
**£**
10,502
**2025**
**£**
440
21,594
4,140
26,174|**Total**
**£**
1,261,226
193,697|
|---|---|---|---|---|
||100,798|||1,454,923|
||93,316
1,494|||697,268
49,793|
||94,810|||747,061|
||5,988|||707,862|
||7,482|||563,958|
|||||**2024**
**£**
9,963|
|||||**2024**
**£**
4,678
25,685
5,590|
|||||35,953|
- 14 -
**Draft Financial Statements at 30 March 2026 at 13:13:47 TARALOKA**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2025**_
## **17 Creditors: amounts falling due within one year**
|Other creditors
Accruals and deferred income
**18**
**Retirement benefit schemes**
**Defined contribution schemes**
Charge to profit or loss in respect of defined contribution schemes|**2025**
**£**
406
40,760
41,166
**2025**
**£**
2,462|**2024**
**£**
492
27,264|
|---|---|---|
|||27,756|
|||**2024**
**£**
2,339|
The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered fund.
## **19 Restricted funds**
The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.
||**At 1 January**|**Incoming**|**Resources**|**At 31**|
|---|---|---|---|---|
||**2025**|**resources**|**expended**|**December**|
|||||**2025**|
||**£**|**£**|**£**|**£**|
|Landscaping donations|1,198|-|(1,148)|50|
|**Previous year:**|**At 1 January**|**Incoming**|**Resources**|**At 31**|
||**2024**|**resources**|**expended**|**December**|
|||||**2024**|
||**£**|**£**|**£**|**£**|
|Landscaping donations|2,602|956|(2,360)|1,198|
The restricted fund relates to donations received for landscaping improvements.
- 15 -
**Draft Financial Statements at 30 March 2026 at 13:13:47 TARALOKA**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2025**_
## **20 Unrestricted funds**
The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.
|**At**
General funds
**Previous year:**
**At**
General funds
**Analysis of net assets between funds**
**At 31 December 2025:**
Tangible assets
Current assets/(liabilities)
**At 31 December 2024:**
Tangible assets
Current assets/(liabilities)|**1 January**
**2025**
**Incoming**
**resources**
**Resources**
**expended**
**At 31**
**December**
**2025**
**£**
**£**
**£**
**£**
1,094,774
324,441
(351,004)
1,068,211
**1 January**
**2024**
**Incoming**
**resources**
**Resources**
**expended**
**At 31**
**December**
**2024**
**£**
**£**
**£**
**£**
1,053,003
415,374
(373,603)
1,094,774
**Unrestricted**
**Restricted**
**Total**
**funds**
**funds**
**2025**
**2025**
**2025**
**£**
**£**
**£**
707,862
-
707,862
360,349
50
360,399
1,068,211
50
1,068,261
**Unrestricted**
**Restricted**
**Total**
**funds**
**funds**
**2024**
**2024**
**2024**
**£**
**£**
**£**
563,958
-
563,958
530,816
1,198
532,014
1,094,774
1,198
1,095,972|
|---|---|
## **21 Analysis of net assets between funds**
## **22 Related party transactions**
There were no disclosable related party transactions during the year besides those mentioned in note 11 (2024 - none).
- 16 -