Registered Charity No. 297894
Annual Report for the Year Ended 31" December 2023
for
Trlratna Cambridge

TRIRATNA CAMBRIDGE
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31" DECEMBER 2023
The trustees present their report with the financial ststements of the charity for the year ended 31
December 2023. The trustee5 have adopted the provisions of the'Accounting and Reporting by
Charities- Statement of Recommended Practice ISORPI applitable to charities preparing their accounts
in accordance with the Financial Reporting Standard applicable In the UK and Republic of Ireland IFRS
1021 (effective l January 20151..
The trustees have had ￿gard to the 8uidance issued by the Charity Commission on public benefit IP81.
PB2, PB31.
REFERENCE AND ADMINISTrATIVE DEfAILS
Charlty Name and Number
Triratna Cambridge: registered charity number 297894.
Operating undef the name.. Cambfid8e Buddhist Centre ICBCI.
Reglstered Address
3&38 Newmarket Road, Cambridge. Cambrid8eshire, CB5 80T
Trustees durfn8 2023
Mrjames Sessions (Arthaslddhil
Mr Jeffrey Wood ISamudra8hoshal- resl8ned October 2023 as Trustee and Secretsry
Mr Arthapriya O'Neill IArthapriyal
Mr John Turner ISarvajitl- Treasurer
Mr Santosh Kamble Isanghanathl
Ms Elkie Wootton (Amarachandral
Mr Mike S•￿er IKeturajèl- Chair
Ms Vimaladipa Tennison Ivimaladlpal- Soined Au8USt 2023 and t¢)ok over Secretary responslbilities.
Ms Eileen Merryweather Imokshacaral-loined Decemter 2023
Profe551onal Advbors
Bankers:
Co-operative Bank. PO Box 101, l Balloon Street, Manchester. ME4) 4EP
Independent Examlner:
Nicholas Gray, FMAAT. Adhisthana. Coddington Cour¢ Coddln8ton. Ledbury, HR8 UL

OBJECTIVES AND AcnvmE5 OF THE CHARrrY {Include5'Achievements & Performancd)
The objert of Triratna Cambridge is the advancement of the Buddhist reli8ion. In partlcular-
11 To encourage member5 and others to live in accordance with the teachings of the Buddha:
21 To sUPPOrt ordained members of the Triratna Buddhist Order and other duly ordained
Buddhists, at the discxetion of the Councll of Triratna Cambridge:
31 To maintsln dose communlcation with and work under the guidance of the Triratna Buddhlst
Order and in co-operation with other groups With the same objects.
41 To use applicatlons of the Buddha's teachin8 to promote the health and well-being of all.
Actlvltles
Following the Covld pandemiG 2023 was fiJndamentslly"back to normal" in terms of activities having
reopened the Centre in July 2021. We are now offering our usual wide range of Buddhlst and medltatlon
classes, aimed at a diverse cr05fr5ection of the community. These include two introtluctory classes on
Buddhism and meditation (Transfom Your Life,. Transform Self & Worldl- a course on mindfulness (Life
With Full Attention); a course tor developing your Buddhist practice further (Journey gnd The Guldel: a
course lookin8 at how to tske l¢)vln8-kindness meditstion deeper (Who Hates The Metta Bhavanal: and
a course explorin8 how Buddhism relates to modern day challen8es Iwhat The World Needs Now).
In addition, we hold a weekty Dharma Night explorlng a wlde rdnge of Buddhist toplcs, a weekly
meditation evening, and have provided regular drop-in medltation classes. We have also introduced a
monthly full-moon PLFja (devotional rituall night. We have also held a range of Sangha IcommunSty1
events throughout the year includin8 several festival day5 involving meditation. Dharma talks, and
Buddhist ritual.
There are also normally aboLrt ten study groups whlch meet regularty, and many people have ￿queSted
ordinatlon Into the Trlratna Buddhist Or(ler and meet regularfy to support that aspiration. The Buddhist
Centre also organlzes several retreats a year, some at an introdurtory level and some for more
experlenced prartitioners.
The Cambrldge Buddhlst Centre is also a venue for cour5e5 in Mindfulness Based Stress Redurtion, Deep
Relaxation. Yoga, Tai Chi and Pilates. all of which are well attended. Because the Charty occupies an
historlc theatre there are also arts everrts and occasional open days for the general public. We also host
visitsfrom several local schools throughout the year.
One exciting development in 2023 has been the re-estrblishment of a sub-30s monthly class which has
been very successful. As a result, we are seeing more younger people cominB to tlasses and retreats
since this has become a priority. and younger people have been asked to be key supporters for courses.

Dana Economy
As part of our Buddhist prattice we operate a 'Dana Economrf based on generosity Idanal, where our
meditation and Buddhism events are provided free of tharge, with participants given the opportunity to
donate to the Centre rather than paying a flxed fee for attendance. The aim is for our courses, classes,
retreats and events to be available to a wider range of people who can attend regardless of their
flnanclal situation. However, those that are financially able to are encoura8ed to provide a donation to
help with the runnin8 of the Centre when they attend the Buddhist Centre.
The Dana Economy also relies on regular communty (Sanghal members contributing financially through
monthly Standing Orders. Whilst the generosty of the CBC Sangha members was a great benefit
throughout the year, both financially and psycholcEically, it was also retO8nized that there would be
increased costs in personnel and operational costs in 2023. and as such a detsiled review of the Dana
Economy was instigated in December 2022, with a fvndralslng tsrget of an additlonal £20,0(M) in 2023.
This Yesu￿ed In a small increase in regular donatlons and a signrfkant rise in onevoff donations due to
several fundraising events throughout the year, including a piano recltsl. a Bolly4vood evenin& and a
Centre Open Dav.
Flnancla15
2023 was a more stable year from a financial perspertive. although not wlthout its challenges. Our
bookkeeper (Ghosakal was more estsbllshed in the role and hence we had a more conslstent vlew of
the accounts as we tontinued to recover from the tragic loss of ourAccountsnt ILee Walfordl in 2022.
At the start of 2023, we were very aware of increased personnel tosts and higher ener8y bllls. Wlth
respect to personnel costs, our new Chair. Keturaja, wa5 not paid by the Centre In 2022 despite startin8
in August, his costs continuing to be covered by Wlndhorse Trust untll January 2023. Addltlonally, the
Support package for Centre Team members was reviewed. wlth Sncreases in rent contributions and food
allowances. The Council also approved an increase of 7.4% to wage5 for waged Centre Team members,
to raise their remuneration above the National Minimum Wa8e and help them to meet additional costs
of living.
We were also awa￿ of s18nlficant prolerted r15es In utllrty bllls due to the Impact of the Ukraine war.
Wlth that in mind, whilst the Centre does have financial reserves and so is not in a Crisis, in October
2022 we introduced a range of measuresto redute costs. such as energy consumption. We also
explored ways to increase income, including fvrther promotion of the dana economy and a fundraisin8
appeal in 2023, with the aim of raising an additional £20K in 2023, training for how to make appeals for
donations, introducin8 a booking fee for retreats, and Installi￿ new contactles5 donation payment
unlts.
These measures were effective, but we still made a Small loss in 2023 of £2.9K. Income for 2023 was
£255K, up from £224K in 2022. This was largely due to increased donations and a significant increase in
Bodyworks income, plus some addftional one-off income from rupa sale5 and fundraising events.
Unfortunately. this was offset by increased costs1£258K, up from £229K in 20221, notsbly caused by
increased buildiwd & centre running and maintenance. and personnel costs.

As such, although 2023 was healthierthan we had anticipated at the *innin8 of the year, and the
Cerstre does have financial reserye5 and so is not in a crisis, we still need to ensure that our regular
income remains high, Ideal￿ through increased Standin8 Orders. dearer explanations of Oana for
courses & retreats Isuch as su88ested amounts). and improved Dana appeals (including the new Tap To
Donate machinesl.
Actounts Restrueture
We have recognlsed for some tlme that the accounts have been unduly ¢ompllcated and many of the
existin8 processes are complex and dIff￿Ult to understand. With this in mind, we have slmplified our
accountlng strutture and supportin8 Systems. In late 2023. we engaged two financial consuttants to help
us restructure our accountin8 SYStems- this induded a simplified Chart of Accounts and a move to
new online QuickBooks system which will have the benefrt of allowing remote access for multiple users.
Thls new accounts system went Ihfe In January 2024.
Stafflng
From a Cerrtre Team perspectlve 2023 was a more stable year than 2022, WTth our new Chair (Keturajal
providing steady an(J well-con5idered leadership throughout the year. He was ably 5UPPOrted by our two
Mitra Convenors (Arthasiddhi and Amarachandral who formed a highly effertive programme committee
to revlew and improve our centre actlvities.
Unfortunately. In the second half of 2023 two of our centre team members resigned- Vickie Brown
(Communications Offlcerl and Liz Mantle (Facilitles Manager). This resulted in ¢on5iderable straln on the
remaining members of the team, wtth Abhayamati Icentre Mana8er) doin8 a sterling job, effectfvely
handlin8 three roles for a considerable period of time.
Thls resulted In a review of our team staffin& and at the end of the year recruitment was underway for
trainee centre manager and a trainee communlcations officer.
MANAGEMENT AND GOVERNANCE ARRANGEMENTS
Recrultment and appolntment ol trustees
The governlng document allows a mlnlmum of 5 ènd a maximum of 15 trustees. New trustees are
Invlted through discussion between exlsting trustees, to enwre that they a￿ In harmony wlth the aims
of the charlty. In prattice this means that Iwstees are selected from the pool of members of the
Triratna Buddhist Order within Cambridge (approximately 1201-
New trustees are gNen a copy of a guidance document outlining their responsibilities lincorporatlng
material from The Essential Trusteel, and a copy of the 8overnin8 document. In some cases. they are
invited as a guest to a trustees. meetin8 befO￿hand. so that they can witness the operation of the
meetings.

Regular trustee meetings were held in 2023 (roughly bi-monthlyl, in addition to an AGM held on Friday
15 November 2023. Thn)ugh this yearthe CBC has benefited from a stsble Council. The Trustees
worked well together (Jurin8 2023. supporting the new Chair and developing a cohesive, hamioniou5
team, with all willir6 to get invofved with practical tssks as needed.
Samudra8hosha stepped down from the Council in October 2023. He wasthanked for his many
contributions as a Trustee, in particular his role as Secretary.
In December 2023, Mokshachara was warmly wekomed as a new member of the CouncTrl.
Rlsk rnana8ement
The trustees have a duty to identfy the risks to which the charity is exposed, and to ensure appropriate
controls are in place to provide reasonable assurance against fraud and error.
The major financial risk relales to our exposure to variatlons of donations from Indlvlduals, particularly
wlth the move to the Dana economy. The emphasi5 on entouraging regular members of the SanBha to
set up monthly Stsnding Orders is designed to make the donation income more predlctsble, rather than
relyiw on donations from specrfic events.
The malor operational risk is our reliance on volunteers for all the core teachin8 activities, as our
Buddhist teachers are not paid for their Services. However. the use of volunteer teathers doe5 have the
benefit of allowin8 US to provide the'Dana economy, since we are not incurring any addltional costs
when we put on a new course.
Slnce the appolntment of a fvll-time Properties Manager, the last few years have seen good progre55
made In areas of non-finanaal risk such as fire safety and health and safety. However, the maintenance
of an old, listed buildin81s a constant challen8e. The establlshment of a heathy Designèted Maintenance
fvnd gives confidence that we have the resources to cover any unforeseen buildin8 repairs, and in June
2023 we were awarded a grdnt for a serfes of buildin8 improvements to maintain the byildingi
particularly to make it more weather-proof (due to problems with our selected contractor, this work
wa5 not started until mid-20241.
Safe8uardln8
Our Adult Safeguarding polKy and Child Protection Policy are re8ularly reviewed and both policies are
available on our website.
The Safeguarding Officer of Cambridge Buddhist Centre is Gillian Thomas (Padmaiatsl, responslble for
coordinatin8 the protection of children and adults who may be at risk at the Cambridge Buddhist Centre.
The Safe8uardln8 Trustee of Cambridge Buddhist Centre is responslble for making sure safeguarding is
taken seriousty by the Trustees and appears regulady on their agendas. ensuring the trustees comply
with their Safeguarding obli8ations as required by the Charity Commission. Th15 role Is currently being
Covered by the Chair IKeturaja}.

Reserves pollcy
The trustees see it as their responsibility to hold reserves for the tharty to fvnction properly. The
adequacy of the reserves policy is reviewed annually. The income of the Cambridge Buddhist Centre
comes from: donations. bod￿0￿ dasses, rent from the investment property, donations from classes
and events. the giftshop, fundraising events and other facilities such as room hire.
There Is some variability in Income dependlng on what events are held and the level of attendance. On
the other hand, the major expenses are largely fixed and non-discretionary: personnel salary and related
expenses, as well as Centre runnin8 and maintenance costs. Therefore, to maintsin liquidity and avoid
making staff redundant. the CBC needs to hold a substantial reserve. As such, the twstees usually plan
to hold between 3 to 6 months expenditure as free reserves. At the end of 2023. our unrestrirted cash
reserves were 3.25 months, worth of expenditure.
We alm to hold at least £20K for designated buildlng maintenance projects. At the end of 2023 thls
stood at £27.6K.
Contrlbutions from individual donors continued to be managed in restricted 'benevolent funds", the
aims of whlch was to build funds for the long-term well-being and Buddhist practice of a Triratna Order
Member who had prevlously been the Chair of our charlty Iln the case of the "Ruchiraketu Benevolent
Fun￿) and for Triratna Order Members who are fomier employee515ignificant volunteers of the
charlty lin the case of the 'CBC Benevolent Fund"l- Payments from these funds are as decided by the
trustees, in line with the objertives and aclplitles of the charity.
DISCLOSURE NOTES on staff & payments to trustees & other related party transactlons:
The charity employed an average of 8 employees durln8 the year15 full-tlme, 3 part-tlmel. No-
one earned more than £60,OLX) pa.
The charr(y pays Into a pension fund for employees-the full-tlme staff are all automatically
enrolled under the new pension re8ulations, with NEST pension. The amount of pension paid is
dlsclosed separately within the notes to the SOFA on the next pa8e.
Three of the trustees were also Èmployed by the tharity- the Chair, Mr Mike Silver (Keturalal,
and the two Mitra Convenors, Mr James Sessions IArthasiddhil and M5 Elkie Wootton
Amarachandral. They are therefore paid for their services as employee5. This is allowèd for in
our wnstitution.
No trustee business expenses We￿ irtcurred during the year.
The charty donates to other Triratna Buddhist Communtty concerns. in line with our charitable
aims. This included our annual cOntribut￿n lo the Triratna Development Team and donations
from the restricted benevolent fund to Ruchiraketu. a local Triratna Order Member who had
previousty been the Chair of our charsty, in line with the wishes of the individuals who have
donated the monies to set up this restricted fund.

INCOMING RE50URCE5
Donationsand leBac*s
Charltsble act1¥ft￿5
Othertradlng artryltses
Intere5tarkl investmentincc¥
G￿nts
iaL884
70.$20
13.397
34.577
120,3B2
56,201
5,022
39,524
2.667
7Q520
13,397
346
232
24&548
255.379
223.796
th•rttsbl• E¥p8ndknr•
DlrettcharitaNe EXpeftd￿l¢
8uddhlst Cenrre
pport of &Jddhis¢ktMtyes
Mana8ement*Dd Admlnthtbn
Ri151n8 Funds
138,959
18.319
52.836
41,114
138,959
25.371
52,836
41,114
121,025
26,568
50,595
31,286
7.t63
Totsl Ubthtabl• ¢xpw¢Ulur•
251,228
251MI
229,474
421
R•[ondl￿￿Offvnd
8•l•n¢e trou8ht for*•rd
Met incomellouryoln8sltrthe y￿r
Transler Inmrom r•strlcted funds
Tr4nsf¢r to pe5*Th￿d M*•nthMnt* Fund
635.977
59.1410
-221
27.615
721732
728.410
-5,678
B•lènce urfed forward
633.297
5&919
27.615
719,831
722.732

Notes to the SLitement of Financial Actlviti8S
l. Donatlons Income
20
125,284
6,6()J
131.884
2022
114,622
5,760
120.382
Donations- unrestricted
Donations- restricted
Charltabl
Ivltles
Fee Paying Dharma activities
Body Work
Gift Shop
Medltatlon events
khool visits
Other
17,035
46,877
4,925
9,095
38,606
5,631
876
1.967
26
56.201
1,646
37
70￿20
3. Other
radln
Act]vltles
Fundraislng and facllitles
Arts Events
Rental of storage space
Second hand l)ook sales
199
4,618
4,670
3,911
13,397
191
1,920
2,4ixi
511
5.022
Int•r•st and Investment Incom•
Interest lunrestrlctedl
Inte￿5t Irestrictedl
Investment Income
216
232
34,130
34,577
373
39.147
39,524
ther Incom
Grants
S,OCrt)
5.000
2,667
2,667
6. 8uddhlst Centre Ex
ndlt
Glfts
Personnel Expenses (excl Pension)
Employee penslons
Publiclty
Travel & Entertainment
8odywork
Vehlcle5
Gift Shop expenses
223
89,411
7,029
2,490
235
15,871
1,608
4,158
121.025
101.955
7,111
3,168
323
21,985
435
5,198
140.242

Buddhlst
Support of otherTriratna
Support of otherTriratna Irestrlttedl
Staff retreats & traSning
7.800
2,640
7.879
18319
9,556
6,255
10,747
26,558
8. Man
ement and Adminktratlon
8uildlng Malntenance
Depreciation
Office costs (incl bank charges)
Consumables & Cleanlng
Shiine costs
Small assets
Mitra convenln8 expense5
Independent exarnination fee
26,166
13.025
9.806
1,929
23,495
14,195
8,756
1,186
1,087
1,292
334
250
50,595
772
296
52J
g. Ralsl Funds
Medltatlon servi￿S/eventS
Investment property
Arts event expenses
25.017
16.097
9,920
20.726
640
31,286
41,114

Balance Sheet
As at 3tst De£embw 2023
Unrestlcted Desl¢nated Restrfcted
Funds
Fund5
Funds
Total Fun& Total Funds
2023
2022
Flxed A55ets
io
46.197
46,197
54.904
14
496.IIMI
496.oc
496,000
Cash and Bank
Cash held as Irbve5tments
Debtors
Stcek
941
37,19)
52115
3.561
94ts07
27.615
17,138
41.781
45.694
78,971
52,815
3561
38,877
78,971
55.256
6.943
180.047
li
17.615
S&919
Cr•dltoN: liabilltles due wlthln one ye•r
12
8,219
Net Current Assets
91,1th)
27.615
5&919
177,634
17L828
Total Assets le55 cUrr￿t IlabllltlBs
633.297
27.615
5&919
719,831
722,732
Creditors.. Uabllitles due afterone ye•r
ass•tslllabllllles
633,297
I7￿15
58.919
719.831
711732
R•pr•i•nt•d
Unrestrkttd Funds
Oeslgnated malntence
65 Abtr)ey Road revalu•lions
UTrrestykt￿ Funds
271.813
27,615
368.173
667,602
267,804
27,615
368,173
663,592
Restrlrted Benevolent funds
Re5trlcted Ely OUt￿a¢h fund
R•5tvlcled Funds
51,796
433
52,229
58,707
433
59,140
Tot•l Fwnds
719A31
722.732

Notes to Balance Sheet
10. Flxed Assets
8145
4372
Land & Buildings Plant & Machinery
153,978
111,002
2023
Total
264,980 250,392
14,588
2022
Cost 1st Jan 2023
Additions
Disposals
Cost 3tst Decemljer 2023
153.978
111.002
264,980 264,980
Depreclation 1st Jan 2023
Charge for the year
Disposals
Depreclatlon 3tst 2023
99.539
12,136
110.S38
889
210,077 195,882
13,025 14,195
111,675
111,427
223,102 210.077
Net Book Value 2022
Net B¢ok Value 2023
54,439
42303
465
3,894
54.904 54.510
46,197 $4,904
Trade Debtors
Prepayments
Accrued Income
Float for New Vlew Investment
4,620
3,874
44,320
3,050
48,162
VAT reclalm
51815 55,256
12. Credlt
Trade Creditors {Incl. credit Card)
HMRC PAYE NI
Deposlts recelved (key fobs)
Accruè15
Deferred Income
1.308
2.436
3.728
1,805
250
1,850
250
8.219
13. Credltors falll due after one
Bank Loans
Other Creditors
14. Irwe5tment Asset
The charity's investment asset, property
held for private rental.165 Abbey Road)
was kept at a value of £496,000.

There were no other'related paty transaciiong requiring disclosure.
Mr Mike Silver (Keturaial is a Trustee of the WirKlhorse Trust, the charity that owns 38
Newmarket Rd, Cambridge. in which the Cambridge Bu(Idhist Centre ￿ housed.
Payment made to the indeperKlent examiner In the 2023 accounts was £650.
STATEMENT OF TRUSTEE5' RESPONSIBILrriE5
Charity law requires the trustees to prepare financial statements for each finanaal year which Show a
true and fair view of the state of affairs of the charity and its financial activities for that period. In
preparing those financial statements. the tnjstees are required to:
Select suitable accounting policies and then apply them conslstentlv.
Make judgments and estimates that are reasonable and prudent.
State whether applicable actounting standards and ststements of recommended practice have
been followed, subject to any departures disclosed and explained in the financial Statements.
and prepare the financial statements on the 8oin8 concem bas15 unless it Is Inapproprfate to
presume that the charlty will continue in OPera￿onal existence.
The trustees are responsible for keepin8 proper accounting records which disdose with reasonable
accuracy at any tlme the financial position of the charity and to enable them to ensure that the financial
statements comply wlth the Charities Act 2011. They are also responsible for safeguarding the assets of
the charity and hence for takin8 reasonable steps forthe prevention and detectlon of fraud and other
irregularlties.
Slgned on behalf of the trustees
Mr John Turner ISaThajltl - Treasurer
1211112024
Trustees on date:
Mr Mike Sifver (Keturajal,. Ms Wimaladipa Tennision Ivimaladipal,. Mr John Tumef Isarvajitl:
Mr James Session5 IArthasiddhil- Ms Elkie Wootton IAmarachandral,'
Mr Santosh Kamble Isanghanathl: Ms Eileen Merryweather Imokasacharal

Independent examinerfs report to the trustses of Trfratna Cambrldga
I report to the trustees on my examination of the acojunts of Triratna Cambridge for
the year ended 31 December 2023.
Rospon8ibilities and basis of report
As the charfty trustees of the Trust you are responslble for the preparation of the
accounts in accordance with the requirements of the Charities Act 2011 (Ihe Act.).
I report in respect of my examination of the Trust's accounts carried out under
section 145 of the 2011 Act and in carying out my examination I have followed all
the applicable Directions given by the Charlty Commission under sectlon 145(5)(b) of
the Act.
Independent examlnerfs 8latement
I have compl8ted my examination. I confimi 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 conceming the
fom 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 wnsider8d as part of an independent
examination.
I have no concerns and have come across no other matters in connection with the
examlnatlon to which attention should be drawn in this report in order to 8nabl8 a
proper understanding of the accounts to be reached.
Signed:
JLL G,-
Nicholas Gray, FMAAT
Adhisthana
Coddington Court
Ledbury
Herefordshire HR8 1 JL
12th November 2024