The BuddhRSt Society Trust (A Company Limited by Guardntec) Report of the Trustees and unaudited fmancial statements for the year ended 30 April 2024 Registered Company nutnber 00854151 R¢gistered Charity number 294198 THE BUDDHIsf ￿lOCIETy TRUS Rcport of thc TnIs￿5 ar¥J unwjdiwj fina￿12] s[￿eMents 30 Apnl 2024 CONTENTS OF THE FINANCIAL sfATEMENTS FOR THE YEAR ENDED 30 APRIL 2024 Report ol. Ihe Trus￿¢5 2105 Independeni Examiner'5 RetK)rt S[￿t￿L￿1 of AcLiVjLies B&ilan¢¢ Sheei 8109 Noies io the Financial Sta*men 101014 Rcgis*red Cofflwany nurnb￿r IM)854151 R¢gisi¢red Charity Nutnhcr 294198 THE BIIDDHJSTwim'TRII R¢p>rt Trustrts and ￿audIted finatKial 5tatcnKm¢s 30 April 2024 REPORTOF THE TRIISIEES FOR THE YEAR ENDEDJO APRIL2024 The Irnsttts wkn are also directors of the Lharity for the purw5es of thc Companies Acts 2006, present their repon with the financial siaiements of the charity for the year ended 30 April 20?4. The trustees hav¢ adop¢ed the provision5 of the S￿ement of Recommend¢d Practice (SORPI applicable accounting standard5. The account5 have becn prep¥¢d on an ongoing Imsis. The Charity meet5 the d¢finition of a public bcr)efit eniiry under FRSIO2. REFERENCE AND ADMINisfRATIVE DETAIIS Registered Company number 00854151 IEngland WaJes} Regi$l¢red Ch*rity number 294198 Regi5fered 33 Kenway Road London SW5 ORP Trustees R Catnpbell Ichairl Dr D R Biddulph CBE E Muirhead P Halliday lapwinied 3 May 20241 A Smithers lappoiTh*d 16 Augu4 20241 Company Secrttlry P A Williarns Ac¢ount•nts Ind¢peDdenl Exam]r￿T5 Ltd Unit 2 The Broadbridg¢ Business Ccntre Delling Lane BoSh￿n P018 8NF STRUCTURE GOVERNANCE AND mANAGE￿IENT Governing doe￿￿¢￿1 Th¢ charity is coniroll¢d by its governing do¢um¢nts, a deed oftru5t and its Memorarbdum and Articles of Associaiion and ￿nSIllu1ts a company limited by guaraniee as defined by the Companie5 Acts 2006. Retruitment and 4ppointh)ent ocntw trustees Any new appoiniments are a¢ the reeommendation of the t￿*d. Ind￿CtiOn and tr*ining of trwste¢s All new trust¢es are given. in the vi¢w of the trK)ard. suificieni iratning and have enough knowledge of their specific firld to undeNarbd the nature of the charity and fully Comply with the chariiies ¢urr¢nt views of its progression. They are requircd tts be awart of tK>th le881 and professional responsibililies under Charity and company law. Regisieied Compan) number ￿)8$4151 Re8151cved Chariiy Ntsmb¢r 294198 THE BIIDDHJST S(KIET)' TRLST Rcp)rtofthc Tru*tes qnd unawjited fmanci￿ statements 30 April 2024 REPORT OF TFIE TRusfEES- CONTINUED FOR THE YEAR ENDED30 APRIL 2024 OrganiTation*l $trnttvre The charity ss run by the Eé)ard of db￿￿or5 and has No fvll time employccs. Rel•ted pArtie5 D R Biddulph and R Camplxll are direciors of The Buddhist &>cidy. P A Williarn5, Company Se¢r¢lary of The Buddhist S(Kiety Tnjsi is the Company Secretary of The Buddhist Society. The BuddhL5t Society Trusi provides financjal ￿lS￿nCe to The Buddhi51 Soricty. charity numbet 1113705. Risk mAna£emenl The trustees have a duty to Ldentify and review the risks ￿ whi¢h the charity is ¢xposed and to Cllsure appropriate ¢ontrols arc in place to provide reasonabl¢ ￿urance agaiDsi fraud and em)r. OBjE￿1VE￿ AcfiviTIES AND PUBLIC BENEFIT Ch*rilxble Objects The charity exists io advance the educ￿]0￿ of th¢ public Én the principles of Buddhism and to encourage and pmmote the study and applicalion of tl*Trse principle5. Alth$ Strategies t• Athieve Objects •nd Extend Publit Benrfit The trustees confirm that they have complied with the requiTtm¢nts of section 17 of the Charit1¢5 Au 2011 to have due regard io ihe public benefii guidance published by the Charity Commission for England and Wales. Over the year. ¢h¢ Lrusiees sei oui ¢heir plans to In¢￿age and m￿lM]st the value of the charity's wot* and &ssets for ihis pur￿Se, identifyitjg a number of streams of work iniendcd io achieve that in¢r¢2se. The publir benefits delivercd by ihe charity's work and plans foi ¢utT¢Tht and future operations are &$ laid down in ihe following se¢tiotL Achievement ond Performance. ACHIEVEMENT AND PERFORMANCE GNllt making Activities Tbt Trust made paymenis ￿ts1]ing £1 10.411 12023.. £120.6021 in the reponing year. Thi5 total was made up or-. £110,411 {2023.. £120.602) ￿ the Buddhist Society. Publishing Aetivities Publishing Advi50r Jothathan Earl. Chaiman Dr DEsMond Biddulph The Tnjst received royaliies during the year of £8.311 {2023..£5,793)and rnade trM)ok 5ale5 of £1,300 12023.. £1,677). It spent a to¢al of £18.WO 12023-. £18.7921 on publishing activitL¢S_ The last y¢ar has seen a reduction in the Ind￿trY with many independent publishers having ceas¢d publishing du¢ to ihe high wst of 5tordge and shippin8. The new r￿rnI￿ for publishers is print on demand which the charity is exploring to save on slorage fees. it's also exploring e-books. Bixh of these owions are expensive in the Ttknvketplxe. The Buddhist Society's owl freelance publishing unit has been op¢rating alnN)sl enlirely on a 'remote' basis ever since its inceplion several years before Covid. so our own work was somewhat less atTected by the par￿emiC than that of many other publishing teams. There was. of course, hug¢ disruption in a rnn8e of associaied functions. production. shipping. distribution. retail. Our f(￿U5, therefore. in the l&st twelve months has been to cotnplde our work on the shortlisl olkey forthcoming titlcs. The first of these. Mumonkan. is now fully published and circulating in the domestic and intemaiional book trnde. Thi5 is thc new edition of the Chinese Zen Master Mumon Ekai's cla551 The G*eless Gate, with commentsrie5 by Soko Morinaga Roshi. The BuddhL5t Society's publishing team would again like to thank the ¢ditor5 of this new edition. Michelle Bromley and Eifitsn "fhomas. for all their advice. supp)rt and inpui. (hw EKM)k trade diswibutor5 Global BixTrk Rcgistcred Company ]Jumber W854151 R¢8151ercd Charity Number 2941YS THE BI".DDHIST S(KIEfl' TRI'ST R¢w)rtof the Tru5te¢s and unÈudir¢d financial staiements 30 April 2024 Sales and Ingrdm have tsken 4(Kl ¢opies of the new work ￿tw¢ert them, and these are now ￿lD8 501d in our worldwide fflarkets. Tr sales of this title have been ￿weVer somewhat dissaiisfying. The next new title, House of Silent LighL was published in 2023 and ￿ceIVed a good res￿nse in parti¢ular The New York Zen Centre. Thi5 rornpelling accounl of Ida R ￿Sse11, pioneer of Zen Buddhism in gilded-age America. has bLYn edited by Wayne Yokoyam4 and has again be¢n well- supp)rted by the Society's trade distributors. Th¢ charity's. S￿e$ agent h&s distributed this tille in the Uk and USA DaTCy Flynn's eagerly-anticipated Buddhism & Women a major new survey of the role ofwoTnen in Buddhism was published in May 2024 and wls available in the USA in early July due shipping schedules and h&s been distributed b). the sales agents team. li's being favourably review¢d in the two major North American Bu(Idhist magazines Lions RoaT newsletter aThI Tricycle. In the publishing pipeline is a new edition of the Bodhiwyavatsr& the 8th century In&sierpiece wilh a commentary by His Excellency Ringu Tulku RinrAxhe and a new aswsment of the Sanskrit translation by scholar James Whelan. This tille is expected to complete in 2025. Other new titles bein8 discussed include the very popular Ccntenary Memorial Lectures on Japanese Buddhism which look plxe in June and July of 20?4 with 5UPWlrt from the prestigious the Nurndth Foundation. It's been put forward that the author Th¢)m&s Kirchner edits the tiile. A new book on Shinrdn by Prof Rev Kemmyo Taira Sato l5 a150 in the pre pn)duction stage with 250 copies pre 501d. FINANCIAL REVIEW The Financial Ststements Show a net deerwe in funds of £59,43712023.' increase of £381,154) in the year after rtC¢iVin8 £163.67112023= £569.709) and expending £218,720120?3-. £176,243), making total funds carried forward of £3.189.83212023-. £3249.2691. Reservts policy Th¢ Trust has set a re5ervts policj. Ihat provides fiTban¢ia] stsbility and th¢ means for the development of its principal activitits and ongoing building mainttnan¢¢. IL r¢4uires free cash balance5 in the generdl fund amountin¥ IQ six months nomial expenditure which th15 year equate5 to approxitnaiely £lOO.000 (2023= £100.0001. In addition. 1¢ has agreed that a sum of £350.000 ained to cover t)ecessary building ￿paIrs, renewals and maintenJn¢e required in the for¢seeable future. however this ha5 been placed on bank deposit in the Short terni. Surplus fund5 will be inw¢s*d to provide a ￿gUlar ongoing income. The Tnst regularly reviews the amount of ￿SerVeS a required to ensure thai they are adequate to fulfill o)niinuins obligations. The Trust consider5 the pTvAnt level of funding aNJ reserves is wjequatr io suppon the Ch￿Ity'S activities for the medium ierni. and the dircctors con5i¢kr th¢ financial ￿5[110￿ of the chariry to be 5atI5fac￿ry. Investment Rtvltw #nd Perform%nte No authori¢*iW¢ exiernal inv¢stm¢nt review been condudcd durin8 ihc reporting period. The accounts Show thai the value of ihe inve5tsnents h&$ fallen to £53,406 12023= £57,794) These have yielded distributii)n5 during the year of £2.082 {2023.. £3.293). Excess ¢ash has bctn pl￿ed on bank deposit account and has eam¢d £7.712 during the year. Since there is no Treed for the tru51ees to liquid*e their rtmainit)g investments in the future. Ihis figure represents a snapshoi of th¢ir valu¢ * 30 April 2024. Th¢ tnistees consider the InV¢￿ment perforniance for the year ￿ be satisfactory under curreni markd rondilions. lknn#lions And Legacy in¢om¢ No legacy incomc was re¢eived during the year.12023= 413.1KIO which incl￿1¢5 investment property). RegisieT¢d Company numtXT 00854151 R￿1$tered Charliy Nujnbcr 294198 THE BI,"DDHIST S(KlttY TRC"ST Rewrtof the Tru5tL%5 and uD8udited financial siaiemen15 30 April 2024 REPORT OF THE TRLISTEES- CONTINUED FOR THE YEAR ENDED30 APRIL 2024 STATEMENf OF DIRECTORS. RESPOI%SIBILITIES Company law rtyuires the dire¢Lors to wcpare finan¢ial sta*ments for each financi￿ year. which giv¢ a true and fair view of the $￿e of affairs of ihe company and of ¢h¢ profit or kjss ofthc wmpany for Ihai period. preparing those financial stst¢mtn￿ the director5 ar¢ r¢quir¢d to: select suitsble a¢countin8 w>licies and ihen apply thern consis￿tLY. observe the methods and principles in the Charities SORP. make judgements and thimate5 thht are reasonable and prudenL State whether applicable UK Acctsuniing Stsndard5 have bee¢) followed. subj￿1 ￿ any material departure5 disclosed and explained in the financial Sta￿MeThts- aTKI prepare the financial swcments on ihe going concern b￿]5 unless it is inappropriate its prtSLtme that the company will continue in busines5. The directors are responsible for keeping pro￿￿ aceountin8 records. which disclose wtth rtasonable acciiTacy ai any time ihe finao¢io1 posiiion of the company and to enable ihem 10 ensure thai the financial statements comply with the Companies Art 2006. Thry are also reSt￿nSIble for safeguardin the a5￿ts of the company and hen¢e for takin8 reasonable s*ps for the PTrv¢ntion and delection of fraud and o¢her irre8ularities. In preparing this rqM>rt the dire¢￿rS have ￿k¢￿ adw¥tage of the 5p¢cial provisions of the Companie5 Act 2(H)6 r¢l•ing to small companies. l approve Lhe attached 5tateTrJrni of frnancial activities and balance sheet for the year ended 30 Apri5 2024 and confimi that I have made available all inforrnation n￿essary for its prepai*ion. OP4 BEHALF OFTHE BOARD OFTRusfEES.. Robert CHmpbell ihit: 26 S¢ptembtr 2024 R¢gisiered Cumpany numb¢r 00854151 Rcgistered Charity NuM￿r 294198 THE BI'.DDHIST SOCIETY TRIIST RLI)ort of ￿ TTuthS and unaudited financial swerr*n15 30 April 2024 1Tr4DEPENDENT EK4MINER'S REPORT TO THE TRusfEES I report to th¢ truyees on my examin•ion of the xrowits of the Buddhi￿ Society Trust for the year ended 30 April 2024. Responsibilities and basis of report A5 th¢ charity's trustec5 orth¢ charitable company Iwlm) att a]so th¢ directors of the ￿MpanY for thc purpDses of company law). you are r£s￿nSible for Ihe pr¢parWiOn of the in accordanct with Ihe requirement5 orth¢ Compani¢5 A¢t 20061-the 2006 Act"). Having satisfied MY￿lf ihat the accounts of the charitsble company are ¥K)t wuired ￿ be audited for Ihi5 yeat under Part 16 of ¢h¢ 2¢￿6 Act and art eligible for indcprr)deni examination. I in resp￿¢ of my examination of your Charity's ￿cOUnts as c￿led out under se¢iion 145 of the Charities Aci 2011 ("the 101 l Aci"). In c￿l￿g out my examination. I hawe followed the Diree(ions given by th¢ Chartiy Commission lund¢r section 14515Xb) of the 2011 A¢t. Independent examiner'5 Statement I have cornpleted my examination. l Confinn that m*erial matters have ¢om¢ to my attention which gives me cause to believe th*-. attounting record5 were Th)1 k¢pi in accordance with seciioTr 386 of tht Companies Act 2006: or the accounts do accord wtth such records: or Ihe accounts do Th)t comply with relevant accounting requirements under sttiion 396 of ihe Companies Act 2006 other than any requirement th3t the wiunts 8ive a 'true and fair, view whi¢h is Th)1 a matter c4)n5id¢red as part of an independent examinati(xx: or the accounts hayc not been prepartd in a¢cordancc with the medKMls and prin¢ipl¢s of the Statrment of Rceommcndcd Prd¢tice for accounting and rerK>rring b) chariiieslapplicable io ¢haritie5 preparing their acrounts in accordance with ihe Financial R¢ponin8 Standard applicable in ihe UK and Republi of Ireland {FRS 102}1. I ha¥¢ no conrems and have come acwv55 no other matt¢rs in connection with th¢ examination 10 which attention Sh￿￿Id bc d￿￿rt in this rcwyt in oTd¢r io enable a pn)per l￿derS￿ndIng of the accounts w b¢ rrarhed. Signcd.. Name: K Gomes FCIE MAAT Dai¢.. 14 O¢tober 2024 Indewdcnt Examinm Ltd Unit 2 The Broadbridge Business Cenire tklling Lane Bosham P018 8NF Regisiered Cump3Thy numbEr IN)854151 Registered Chgritj Number 294198 THE BI'.DDHIST SOCIEfl" TR('.ST Rewbrt of ik TNs*¢$ and unauditcd fJttaTh¢ial sw¢m¢nts 30 April 2024 STATEMENT OF FINAINCIAL AcfiviTtES FOR THE YEAR ENDED30 APRIL 2024 Note5 l.*rtsiritted Rostricltd funds fullds 2024 Totsl hd$ 2023 Total Fynd5 INCOME Ineomt frnm generated funds rA)nation5 and legaries IncoThe from investments Intome frorn charitable activities Book royalties and publishing donations 132 152.923 I.IM) 1.132 152,928 413.168 149.071 9.611 9,611 7.470 Total income 153,1)60 10.611 163,671 569.709 EXPENSES Expenditure rnising fund5 Invesirneni management C0515 Expenditure Chari￿b￿ *rtivities Publishin& tk)naiions ￿ The Buddhis¢ Socitty Chariiabl¢ evenis Governancc cost5 82.161 82,161 10.756 9.379 9.611 18,990 18.792 120.602 7.158 7.158 6.093 Tot*1 expenses 209.109 218.720 176.243 NET INCOMINGI(oirrGOING) 156.049) i.(K) 155.049) 393,466 ILos5es) on invesimeni assets 14,3881 14.388) 112.312) Nrf mov¢m¢Dt in {60.437) i.0￿) 159.437) 381.154 REC.ONCILIATION OF FUNDS Tol*l fund5 brought fonv*rd 3249269 3.249269 2.868,115 TOTAL FUNDSCARRIED FORWARD 188W2 i.1)0• 3.189J32 3249369 ReBis1eye(I CumpaThy nufflbEr ￿854151 ReKis1ertd Charify Numb¢r 294198 THE BIIDDHISY SOC.IFfl' TRI'S Rewrt of the Trns￿$ atKI unaudi*d f￿a￿l￿] sthtements. 30 April 2024 BALANCE SHEET AT30 APRIL 2024 Not¢$ Unre5tritted Re5tfttted fund5 fvnds 2(124 Tot#1 2•23 TotAI funds FIXED A55ETS Tangible asseis Land arml Buildings Invesmient properTy Investments 675.000 1,460.178 53.406 675.000 675,000 1.460.178 1,362,000 53.406 57.794 2.188.584 2.188.584 2.094,794 CURRENT ASSETS Debtors: amouots falliThg due within on¢ year 3.572 3.572 3.412 Cash ai bank 999,966 1.158,094 1.003.538 1.003,538 1.161.506 CRED￿oRs Amounts fiillin&* due within one year I2,2￿> 1224Jl 17.0311 NET CURRENT ASSETS 1.001.248 1.001.248 1.154.475 T(YfAL ASSETS LE￿ CURRENT LIABILITILS 3.189.832 3.189.832 3,249.269 NET A&%ETS 3,189.832 3,189.832 3.249,269 FUNDS 10 Unresrricted funds Restricted funds 3.189.832 3.249.269 TOTAL FUNDS 3.189,832 3,249,269 Regis*red Lornpan) 008Y15I Regimered Chwity Number 294198 THE BUDDHIST SOCIETY TRusr of Trnstees 3rKI un8￿1{Cd fina￿la1 sta￿M¢nIS JO April 2024 BALANCE SHEET- CONTINUED AT APIUL 2024 For ihc finanLial year ending 10 April 2024 Ihe chan.iy was eniiiled to exeTnption from a￿{11 uThJ¢r SeL(iun 477 01. Ihe Cvmpdni¢S Aci 2(Kk) relatlll8 to Small companies. TruS￿¢S, responsibiliiies= The truslces havc nol iequiriyj th¥ ¢hariiy to Dbtain an audit of its accounts for the ycaT in question in accordance with seciion 476; atKi ThL IrusteLS acknowlcdgc ihcir reswnsibiliiies for complying with the Twuiren*nts ofthe A¢1 with respeci to accounting records and thc piep&aiion of ¥¢ounts. These tinancial sthtcmenis have been prepared in accordance with the S￿la1 provisi0Th5 relating to companie% subjc£i to the small companies r¢giJne within Pdrt 15 01 the Companies Aci 21Xkn. The linancial siaiemenis w¢re approved by th¢ Bvard of Trus￿$ and authorised for i55ue on 26 Septem￿￿ 2024 and signed on lis behalf by= Robert Camp1￿11 Chair of the Trustec5 Regi£iered Company number IM)854151 Rcgi51cr￿J Charity Numbei 294198 THF. BUDDHIST SOCIETY TRUST Rq￿ of iheTTusiees aDd ut￿ud1ted financial sLtrmci)t5 30 April 2024 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024 ACCOUNTING POLICIES Accounting conveDtiott The finan¢ial sta1eff￿￿ts have pwpard urKler the historical ¢051 c(mvenLion wilh itcms rccognised at or transaciion value unlLSS oihenwis¢ stdieil in ihe relevant noies. The rinanciol siatenwThis have bLYn prepared in accoidanc¢ with Sialemeni of RecnmTnended Praciice.. AcLtTrunLing and Re￿ning by Chariues prepating their accounts in accordance with Ihe Fir￿n¢la1 repotling Standard applicable in ih¢ UK and RepubliL of Iieland IFRS 102) leffe£tive l January 2015I- Icharilies SORP- FRS102) and the Charities Aci 2011. InroDMng reSoU￿tS All Incoming r¢50urce5 are included on ihL' siale￿nI of Financial Aclivilies when ihe ¢hariiy 15 legally ¢niiil¢d to Lhe and ihe amuuni can quanLified with reasooablc accuracy. Resources expeoded Expenditure is accounied lor on an accruols basis and has cla>sJfied undLr hcadhngs that ggregaw. all cosi rLlated io the category. Where costs cannrf bc direcily aitribuied (o panicular headings ihcy havL hecn all(￿aLed to a¢uvities on a ba51s consisieni with Ihe use uf resources. Tongible fixed a5seLs Depreciation i% provided at thL lollowing annual la￿$ in order io wriie off cach a&5ei ovcr i esiimaled useful lifc. L4nd and huildiThgs.' The frcchold of ihe butlding is held ai Cost knaus¢ it is a mixed prorKrty and ¢a¢h CoThp)￿n[ cannoi ￿ val￿{ ￿ sold separately. Plant atml machinery ctc.. 25% on c05t and IO* on cosi Inve5trnents Inv¢sirnLnt5 arc bhown ai ihe nK)s( rxeni valuaiion. Any aggregaie surp1￿$ or deficit arising Irom changes in fflarkei value is transferred io a rrva]uation re*rve. The chariiy was ￿q￿athed a fl* in a property in North London whiLh ne¢ded a ioial returbishmL'nt. This prU￿rtY is I￿Ing held at a fair value atter renovations based on a receni opla ¢s1imaie and is LurreTiily lei oui io provide an income for the charily. The charity was Iwueaihed a funh¢r propeny in South Lottdon. This was valued for probaie a]KJ has ixen iocludtrd in the financial slal¢w*nis. li is currcnily I￿]ng refurbished and will be let 4)ui to provide an income for charily. The relurblshTh￿nI costs have IKen capi￿lized. Taxation Thc charily is LXCTnO from COr￿ration on its charithble aciiviiics. Fund accounting Unre.sirictrd fund.s can be used in a￿ordance with the chariiable ohjectives w the discrelion of thL (rusiccs. RLsrriciLMI I'uNts can only k ub¢d for panicular Yes￿]cted purposes wiihin (he objects ot the charity. R&sirictions ari5¢ when s￿l[led by ihe dorK)r or whcn funds ￿ rwsed for particular resiri¢icd purpo￿5. Futhr explan￿10￿ of naiure ￿1 purpose of each furtd is included in thc rK>tes io the financial siaiements. Re￿￿Stered Company nutnber (X)8$4151 Regisiered Chariiy NuTlltr￿r 294198 10 THE BUDDHIST ￿10ClETy TRiJsr Rerx)rt of the and unaLLditrd finarKial siatemtnts 30 April 2024 NOTES TO THE FINANCIAL STATEMENTS- CONTINUED FOR THE YEAR ENDED 30 APRIL 2024 INCOME FROM GENERATED FUNDS 2024 Donaiions ond gif Le¥{￿leS and bequests Ltgaci¢s Ixquests - dOna￿d g￿￿J& faciliii¢s and rviLL*- inYtrsth%ni propeny 1,132 168 9.7,(MK) 1,132 413,168 Into￿ from IDvestmu 2024 R¢nts reccivcd Bank iThieresl Inve51tneni incom¢- dividends 143.134 7,712 2,082 145,760 152,928 149,071 EXPENSES 2024 2021 Letting cxpenses and ground r¢nl Insurancc RLpairs and Mainten￿￿e General officL' LXPLnses Bank charges Depre¢iaiic)n 15.1186 9,737 51.995 267 76 12.4.39 9.074 6.878 56 82.161 -10,756 GoverM)Ke c(K5ts 2024 Accouniancy and company secre¢arial ITMlepL'ndeD¢ examiDaLlOtL 4.093 2290 7.158 6,091 Regi51ered Corrhpany num￿1 IM)8Ulf Rcgisiercd ChaTiiy Nutnber 294198 THb: BUDDHIST socLErY TRUST Rer*xi of Ihe Tws*¢s and unaudi*d finwial statemenis -10 April 2024 NOTES TO THE FINAf4CIAL STATEMENfs- CONTINUED FOR THE YEAR ENDED 30 APIUL 2024 NET tNCOMINGiioirrGOING) RLSOURCES Nei resources are sia*d afier chargiDg= 202A tkpreciation - owned 42IN TRUSTEES. REMUNERATION AND BENEFITS Thcrc wcrc no Irusie¢s' rL'munLralion or other benefits for the year ended 10 April 2024 nor for thc year ended 10 April 202.1. ThcrL WLfL' nLTr trUSLLes' expenses paid for the year c[KI￿ .10 April 2024 nor for the year ended 30 April 202.1. TANGIBLE FIXED ASSETS FreelM)Id Inyrovements Furniture land a to prop¢rty buildings Tota15 Cost Ai beginniug of ytar Addilii)ns 675,( Ai end of year 675,IMIO Deprwi&tion Ai L￿ginning ()fyear Cljarge f()r Ai Lnd ot'year Net I￿Ik VAI At 30 April 2024 AI 10 April 2021 675.lJOO 675.(KK) ThL" frcchold of ￿ building wher¢ the ¢harity its Wuam'rs is ￿]d by ai a)st ttcause li is a mixed prO￿rtY &Lnd cach ci)nwrtni cannoi valLKuI or sold separately. The depreciation is n(Trl mai¢riai &s the &￿sCt has a very long useful lifc the condilions of FRS102 (paragraph 17.8 10 17.211 are mel and an nual impairnK'ni review 14 carricd out. The direciors do noi i￿1]854151 RegisltrL*d Charity Nurnt￿r 2941911 13 THE BUDDHlbT SOCtEry TRusr RqKMI of the Tm$￿¢S and unaudiLrA r]r￿nCial slatell￿15 30 April 2024 NOTES TO THE FINANCIAL STATEMENTS- CONTINUED FOR THE YEAR Ef*DED 30 APRIL 2024 io. MOVEMENT IN FUNDS A¢lM•y 2023 Net mDven*ttt in fwMLs At 30 April 2024 Unrtstrirt¢d fuD GeT￿ra1 fund 3.249.269 159.4371 3.189.832 Educauonal fund 1.249.209 159.4.77) 3,189,832 Nei mov¢Jn¢nts in funds, inc]￿led in the above arc as follvws: IncollMDg Resources Gains and Mov¢tt*nl Éli expended funds Unrestrieted funds Generdl fund 121W.I(Y)) (4,188) 60.437 R￿t17Cted fvnds Educational fund 10.611 (9.011) TOTAL FUNDS 163,671 {218.720) (4J88} (59.4371 TRUSTELS AND OTHER RELATED PARTIES Ni¥ Pdyments were tnade lo Iru5tees or any pLrsons conne£ied wilh them during this financial year apan trom reitnbur5emeni of costs incurred on behalf of the charity. No maicrial LransaLiiLin (￿k plaLe b¢iw¢en the organizaiion and a InJsieL or any t￿r50￿ Lonne£red with them. Duiitlg Ihc year, th¢ Buddhisi S(Kiety Tru51 mad¢ funding donations of £1 10,411 io ihc Buddhis¢ S￿le1Y12021.. £102,tA)21. PUBLIC BENEFIT Th¢ Ch￿IlY aLknowledges 115 requirement to d¢n￿nStrate clearly ihai li musi havc charitable putpub¢s or 'oims' that are for the public ￿ner11. tkthils i>f how Lhc chariiy has achievcd this ar¢ provided in the Rewrt of thL TrnsLees. Thc tru51ees confirn) ihai thcy have paid due regard lo the Charhty CommissioTh guidance public ￿nL.fil l￿f()rC deciding what activiiies the chan.ty Should und¢rtakt. Regpisi¢red Compatty nunthT (X)854151 Rcgisicroj C.hatily NUM￿ 294198 14