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## **Triratna Trust accounts 2023**
## **Notes**
## **Financial Activities (Profit and Loss** )
Bank interest is substantially up from 2022 due to the general rise in interest rates and also because the charity transferred debt of its reserves into a high interest deposit account.
Gift aid showed a significant increase compared with 2022 due to a campaign amongst existing donors to complete gift aid declarations. In many cases this enabled recovery of gift aid on past year donations. This was a one off 'bonus' of approximately £6,000.
Convention income and expenditure. These were zero in 2023 due to there being no Order Convention this year.
Depreciation expense. This was higher in 2023 due to the Order App asset being fully expensed. See balance sheet notes for more detail.
Order convenors. The post of men Order Convenor was vacant for much of the year accounting for the reduced expenditure under this heading. However in order to help provide some support for this role the Ethics Order Convenor was asked to work more days accounting for the increase here.
Robes manufacture and delivery. During 2023 the first batch of robes was fully distributed to new ordinands and preceptors, accordingly the stock value under current assets was reduced to zero.
Shabda. During the year we celebrated the 50th anniversary of Shabda, the Order's magazine with a bumper issue, accounting for the high paper and printing cost.
Net income (expenditure). This shows a net loss to the charity of nearly £15,000 in 2023. However it should be noted this is largely due to asset write-down and depreciation expenses and the charity's cash balances increased over the course of the year.
However 2024 is expected to be more financially challenging particularly with increased staff costs, and the trustees have therefore launched a campaign to increase Order contributions. At the time of writing (April 2024) this is already bearing fruit.
## **Balance sheet**
## Fixed assets
During the year the trustees decided to terminate the Chapter House yurt facility and it was given to a sister charity, the Alfoxton Park Trust for their use. Accordingly its book value was reduced to 0.
Bodhikamala support contribution. In 2023 Bodhikamala was recruited as Triratna's international communications officer with her support being contributed equally by three separate Triratna entities. We agreed to administer this and the other two parties transferred us one year's support in advance, hence the liability shown on the balance sheet.
The "Order App" and "Work in Progress" . These have been showing a balance under both non-current assets and current assets of £5,000 since 2019. They relate to money given by the Trust to its partner Dharmachakra at that time for them to work on an "Order App". In the event the actual work done was to develop the Triratna Trust's web presence more generally and the current asset figure has accordingly being adjusted to zero reflecting the fact that the work has been done.
The balance on the ethics and reconciliation fund has reduced because approximately half of it was used during the year in a series of gifts to volunteers who had generously given their time and expertise to help with a number of specific ethics and reconciliation cases during the year.
At the Trustees meeting of June 14[th] 2023 the decision was taken to reduce the ‘Members Equity’ item on the balance sheet to zero, reflecting the charitable status of the Trust. The Share Capital account was correspondingly increased.
END OF NOTES
INDEPENDENT EXAMINEW5 REPORTTOTHE TRusfEES OF THE TRIRATNA TRUST.
I report on the accounts of the charity the Triratna Trust for the Year Ended 31 December 2023
RESPECTIVE RESPONSIBULTIES OF TRusfEES AND EXAMINER
As the charitys trustees you are responsible forthe prepaftb.on of the accounts: you consider that
the audit requirement of section 43{2}e of the Charittes Act 1993 (the Act) does not apply: it is rnv
responsibility to stste, on the basis of procedures specified in the General Directions given by the
tharity Commissioners under Section 4317) Ibl of the Act. whether particular matters have come to
my attention.
BASIS OF INDEPENDENT EXAMINERS REPORT.
My examination was carried out in accordance with the General DirectK)ns given by the Charity
Commissioners. An examination includes a rewew of the accounting record5 kept by the charty and
comparison of the accounts presented wtth records. It includes consideration of any unusual items
or disclosures in the accounts and seeking expFanations from you as trustees concerning such
matters. The procedures undertaken do not provide evidence that would be required in an audit.
and consequently I do not expre55 an audit opinion given by the accounts.
INDEPENDENT EXAMINER, STATEMENT
All records that were asked for were provided to me in my examination. and no rnatters came to
light that $Lgested true and accurate record5 were not being kepL
Signed:
W. McGinley
Upper Demesne.
The Turnin&
Garway.
HR2 8RJ
4, June 2024