Re8lStered Charity No. 297894 Annual Report for the Year Ended 31st December 2024 for Triratna Cambridge
TRUSTEES. REPORT AND FIK4piaALSTATEMEpifs FOR THEYEAR ENDED 31rt DErMBER 2024 The Trustees presenttheirreport and thefinanrial statementsforthe yearended 31 DeMber202 Thefinèncialstatennts h3ve been prePad in accordan w¥th the Cliarities 50ftP {FRS 102}- Accounting and Reporting by (harities, asamended bythe Update Bulletin issued in October2019, the Charltles Act 2011, and the accoun8 poNdesset out in the accompany#w note5.The firtanclal statements aLs0 comply with the cbariV5 govemh¥ document. REFERENCE AND ADMINISTRATIVE DETAIIS Charity Name and Number Triratna Cambrfdgr. regISted diarlty number 297894. Operatlng underthe namw. Cambrldge Buddhlstcertre {CBq. Reglstered Address 36.38 Nekniarket RO Cambre. Cambrfdgeshlr4 CJ58DT rru5tee5 durinE 21r24 Mrjamessessions {Arthasiddhl) MrArthaprlya UNeill (Arthaprird}-m8ned atAGM held on Q November224 Mrjohn Turner ISarwailt)-Treasurer Mrsartosh Kamble (San8lmthj Ms Elklewootton IAmaTrthandTr) Mr Mike Silver (Keturdjal-chalr M5 Vlmaladlpa Tennrson IVfmaladlpal-Se¢retsry Ms Elleen Merryweather IMoksh8cara) Bankers: CTropeTrtfve BanK PO 8tyAIOL l Ball[n Street Manthester, M60 4EP Independent Ey•miner. NIc1laS Gny, Ff¥i44T. P41hisihna. Coddlnoton Courty Coddli* Ledbury, HR8 IIL
OBJECTIVES ANDACTivmES OF THE CHARITY(Indudes'Achlevements & Perfornnnc&) The obiertof Trirntna CambridEe i5the advanMent0fthe Buddhist rel1w0 In paUlar. l} To encouTrgeinembersand othersto live In accordance with the teathlngs of the Buddha: 2) Tosupportordained meinbersof the Triratna Buddhist Orderand otherdulyordalned Buddhists atthe dts¢retioTr otthe Councll ofTrirdtna Cambrldge: 31 To malntsin close communlcatloyj with and work underthe8d5nce oftheTrtratna Buddhist Order and in COllopeTrtion wlth other groups w6th the sarne object& 41 To appticlons of the Buddh5 teaehingto promote the heolth welleing of all. 2Q4was a veryfullyearfr)rCambrldge Buddhist Centre. Offeriollr usual wide Tal of Buddhist and medltalkfft dasses, almed at a drse cr05S•Sethon of the communlty. These Include classes on Buddhism, meditatbn and mlndfvlnew a weekly Dhamia Night expbringa wide range otBuddhist topi a weektymeditation evettln¢ and re8ulardmpin meditstion dasses. We also hold a monthly fulkmoon pula (devotional ritiEaD ftBht and have a range of San8ha {communityl eventsthroughoutthe year indudlng several festlwal days Invo{[rg Meditatio Dhamla tdlk¥ and Buddhtst ritual. Tlfft are a150 MlEY aboutten study groupswhich meet ryularty. and many people ha requested ordination into theTrirdtna Buddhist Orderand meet gularlYt0 5UPPOrt that aspiratlon The Buddhlst Centre also organtiesseveral retreats a year, some at an Introductorylevel and 9)me formore experienced prnctitioners The camIdge Buddltstcentre Is also a venue forcourse5 In Mindfulness Baqed Stress RedtsLtlo Oeep Relaxatiu Yoga, Tai Chi and PTlat&s. all of whlch are well attended. Becauseth tharty0pieS an hi5torlcthðere are ilso arts everts and occasFonal Op daysforthe general publtc We also host visits fium5everal local schoolsthroughoutthe year. One enCoU1n8 aspectof 2024 has been the ttlntinued development of a sub-30s monthly dass. whlch Is now run by a dedicated team of young people wlth monthly eveningst breakfast seminors and other events. Growlng connettions and frleTrdships are developkn& resulting in increased engagement of young peopte across the Centre's actlvitie& Promotlng young peopleg activitles Is a key prlority of a Centre Vlslon processthat'started in the second half of the yearwSth a meetlng of 15 senlor members of the Sangha In September2024. Jt 15 e5seTrtial to attrdttyounger peopEe tothe Centre in onler to address the ageingdemogTrphic of the Centre's community Isangha), with people under (and Indeed under5Qll beingthe Ilfeblood of the Centre In the yeaTSto come. Tothat end. anotherwelm development in 2024 wasthee5tablislEment of a Famllies Gmup encouraging the Involvement of people with youngfamllies and helping to explore how to lead a Buddhist life whitst brlrgln8 up childre
Another prloffty Identlfied In the Vislon pro$ Istoencournge a divetse and Inclusive communlty. We geta culturally dlver5e TarEe of people comlng to our dasses and drop-in events but thls need5 to be actively encouraged and thlsyearthe Certre has bwdun h05ting People of Colourevents every couple of months. other prfotlty ams identlfied4thatwill be worked on overthe comlngyearsl Include providing dear pathway5 fordeepening engagement at ?11 level¥. creatlon of beautKul. Invltlng sacred spa. arnl encouraglngan erged, artlve and wtdely empowered communlty. With respettto thi5 last poln¢ it ts importantto recogni5e kK)w much the Centre relies on the involvement of volunteers across all Its athlties. As well as belng cruciol to the successful opeTrtion of the Centre. this 15 a150 a vital way for people to deepen thelrsangha connectlDn5 and feel part of the community. Da E(onLinry As part tsf our Buddhlst practke we operate a Ikna Econorf based on generosty Idana), where our medtstion and Buddhlsm events are provided free of charge. wlth parti¢ipantsgiven the opportunltyto donate to the Centre ratherthan paying a fixed fee f0rattendafi. The aim is forour courses. dasses, retreats and eventsto be availabte to a wider range of people who fdn attend regardlessof thelr financial situatsw HoweW,ttSeth3t arefinandally able to are encouraged to provmlea donation to hÈlp with the running of the CentreWn theyattend the Buddh15t Centre. The D3nè Etonomy also reHes on re£ulxcommunty (Songha) members contrfbubng financialtythraugh monthlystsrtdlng Orders. Whibtthe neroSIty of the C8CSantha members was a gr& ber throughouttheyear. both fknancialty and pwcholoytalty, It was a150 recognlzed thattherewere inLTeased costs In personnel and operatlonal costs in 2024, and as suth a fundralslng appeal was held in October2024.Thls resulted in sÈnificantly inueased stsftdl Orders (the bedrk of a succe1 Dana econt)my), with average regulardoftations increas1frorn approximatety£4400 permonth lnthe first nlne months ofthe year. to an averdEe of £55(D permonth In thefourth quarter {a 26% Increase). This is reflected inthe increase In Donionsoierthe year. frorn £132K in 2023 to£147K in 2024 {an Il% Sncrease). nanckls 2024was a stable yearfrom a finandal peryecthe, althouth notwlthoth tts challery& Injanuary our new accounts 5yStemwent live with a simplified accounting stnthre and supportingsystems a shortened Chart of Acojunts and a moveto a llewonflneQuickBooks system which wlll havethe benefft of allowlng remote access for multiple users. ThTs Provided us wlth a more consssterrt viewof the accounts. and futUweats will benefft from havlng more acujiate fiJreca5ts and belng able to extrapolate costs more atturdtely. In temlsofthe artualfin¥nc4theyear largelyfollowed tt foiecasL wlth increased IOffie balanryl by increased costs. resultin8 in a slight prnfftof al]43 {as opposed to a sn)Bll loss of WOI in 20231. In terms of Incimie. thetotsl incomefor2024 was £309K (upfrorn £255K in 2023), although a larse part of that Increase wa5 a generousgrant for£38. 4QDfromAmey Communty Fund forsome essenttal
building repoints IA terms ofexpeTW, total expensesfor 2024 were £307K (up from £258Kln 2023), although ogaln there was an equiwdlent Increase due tothe major rebuildingwotk Undertaken in 2024. As mentioned. the 21% Increase in totsl Income Is partially drlven bythe building grant from the rnbrid8eshire Comniunity Foundatlon {CCFI. Comparlng unrestrlttedlgeneral funding ts perhaps a bettercompar1s0 and one thatputs less unrealistic expectadons on the futu Frotri this perspective, income in 2024 was£zllK (up from £249Kln 2023) and expert5es were £273K In2024 {£251K in 20231, leavlng a £2,133 defidt1£2.680 deficit In 2023).This 1$ 4 respectable 9% in¢rease In Income, althou8h alongside a commensurate in45e in costs. More broadly• CBChas been stea&il¥ reCOrin8 sincethe Covid years Income hltting a low of £203.610 In 2021, inueasing by 9%to £22W in 20Uthen by 15%to £255379 in 2023. Glven t1 chanBe in accountkn8 Structure, k 15 dlfficult to accurately compare llfor41ke cost centres au05s 2023 and 2024 althou8hthe 2024fore(ast WJ5 based on the prevlousyear, lar8ely mappinBthe okl Catego5t0 the new chart of accounts. However. a few salient comments can be made: Incomefrom donations (both stsndlng orders and donations linked to Centre and fundrdtslng eventsi was largely as forecast. However, the Increase in regular donations ISOS) and sorne successfulfundTri51ng masked the dedlne in donations from people attendlng dasses and dro In artivities. Thls Is a concerning trea¢ wkh a Comun5ate drop In rtumbers of people attendlngdasse5and othw Centreevents tPrdtneedsto be addressed tomaintalnthe vitaftyof the As expected, ne1 costs increoseij over 2023 (from £109Kto£118K), although they vlere largely asforecast. We have reducedthe slze ofthe Centreteam since 2023 and it now stsnds at 6.5 Fuiifime Equlvalent IFfo. Theteam thanged overthe year, with twi3 new membersloining in March 2024. This resulted In 51gnifteantly intseased personnel costs in the finalthree quartefs of the yeay, exarbated bylncrease5 In the vIng wage, which will obvlously r3rry oveT ti 21Y25. Theteam very har&worklng and effectlve but given that personnel c05ts represent neèrly 50% of our nomBI expense5 {not lftc1ud1ngexptr0nal bulldlng expenses) we need to conttnualty reviewthe size and strucuwe ofthe team ta getmaximum benefitfromtheir effort& De5plte severdl initiati¥esto man3ge COS Qntre Propertyand Centre Runnlng costswere hÈ8herthan forecasL largely due to the Impactof inffatton (WI in general are Z5% higherthan theywere five years ago) and the impartof higherenergy wice& As suth. although 2024was healthlerthan we had antidpated in the mlddle of the year, and the Centre does have financial reserve4 we still need to ensure that our regular Income maInS hlgh. as weknow we will face increased personnel costsin 2025. Ideallythls will be through increased strandi Order5, dearerexplanatlons of Dana forcourses & retreats aod Improved and more regular Da appeals. Thls 15 an ongoin8 thallenge IrA a Dana Economy- howto keep the messagefresh 50that we can PTovide Dhamia and medttation dasses kn a spirlt of 8ewoslty whilst balanclng the Ix>oks.
Staffing From a CentreTeam perspectlve 2024was a goodyeari wlth ourchalr (Keturnja) provtding steady and welkwftsldered leadershlpthroughouttheyear. He was ably supported byouTtwo Mitra Convenors (Arthasiddhl and AmaTrthandtz)"whofom)ed a hlghly effective programme LY)mmlttee to review and Improve ourcentre artivitles. - Followinga period of an undetstrete3fflfr1II0w4llgthe reslgnètion of two team members in late 2023, we recruited two newstaff members- Pasadanlts (Helen Lewlsl 35 Centre Maw and PIM)ebe Thomas as Communicatlon5 & Events AdminÈ5trator. The two have become lrtegral members ofthe team, and great Cdltgoest0AbhayaMltI {prevI0Centre Manager) for how he managed their seamless intrnductknitotheteam. tlnANAGEKqENT AI4D GOVERNANCE ARRANGEMENTS Recrultment and appolntThentof newtn The governlng document allows a minimum of 5 and a maximum of trust Newtru5tees are invited through disaLsslon between extstinEtrtsstees, to en5ureththey are In hamionywith the alms of the charity. In practice thls mean5thattrtJStees are seletted from the pool of membefs of the Trlratha Buddhiqt Order within carnbrge lapproxlmatety 120). New trte5 areglven a copyof a guidallwdocumeAt out15nir8thelr resptsrsibaities Oncorporating materfal from The E55entklTNstee), and a cowof thegoverning document. En someo5e5, they are vited as a guesrto a trustee5' meeung beforehand, so thatthey can WItthe operation of the meetlng& Rwtartrustee Meetiwere held in 2024 (rougNy bi-mtythlyl, in additionto an AGM held on November2O2Thr08hOthtsvearthe CBChas beneffted from a stèblÈ Council. TheTrusteeswt)Tked well together durfng 2024, as a cohe51ve, hannon10 team and addressing several key strate8Fc Issue% Arthapriya stepped down from the Coundl atthe AGM held on 6th November2024 He wasthanked for his contrfbutions as 3Trustee. witludingthe period he Stepped In as interrn Chair at slgnificant pwsonnel co Rtsk management The trustees have a duty to identifythe rlsksto Trththichthe charity Is exposed. and toenswe appropriate controls are in place to prnide reasonable assurance ardinstfraud aml erTQr. The majorfinanual rlsk rekite5to our exp05uretOWdrfations of dontonsfrom individl5.The emphasts on encoutagtng regular members of the Sangha to set up monthlyStsndTng Order5 is desTgned to make the donattoo income more predlctsbl4 ratherthan retylng on donatToll5fmm 5pecifK event& The majoropeTrtlonal risk Is our rellance on volunteersforoll the core tsachlng aciivitses, as OUT BldhIs1teaChers aTr not paid forthetrserviw. However. the use ofvoluntserteathets doe5 Ivethe
benefftof allowi usto provldethe l>ana econornV Si[we are thcunlngaiw addltlonal costs when we put on o I¥ couts The rnap)tenano of an old, listed bulldlng is a constant challenge. Durln8 2024 we undertook a signfficant bullding projectto wateyproof the bulldlngthrough É%tensive repolntin& safrguardirvdthe extemal health of the busldingfo¢ anotherl(KJ years.Thts Is somethin8 we are proud of as cu5todlans of suth an iwfjvrtant hlstorkal buildir.AheèIthY De8nated Maitttenancefund lujrrent 5tarKllng at £22 geS contklence thatwe havethe re50ur¢esto coverany unforeseen bulld1 repairs. Safeguarding OurAdult Safeguarding poltyand Child PrL%ertlon PollcyaTe resula reviewed and both polic5 4 aYdS]aWe on ourwebsite. The Safeguarding Offir of Cambridge Buddhist Centre isGilllan Thoma5 {PadmaJats). respDnslble for coordinatlng the protsttion of chHdren gnd aduits who ma¥ be at rith atthe Cambridge Buddhlst Centre. The SafeguarthgTrnstee of Cambrldge Buddhtst Centre is resporysible for maklngsuo safeguarfKW Is taken serlously by the Tnts and appear5 regulartyon theiragenda& ensuringthe trustees comp with thelrSafe8uardin8 obllgallon5 a5 reqiiired bythe Chartty Commission.Th15 role Iscurrentty being covered bythe Chalr (Ketwaial. ResenKs policy Thet See It astheirrespor15ibUityto hold reseNes forthe tharitytofunctioTr prope. The adeouacy of the reserve5 policy 15 reviewed 3nnually.The income of the Cambrldge Buddhist Centre comes from: donations, bodywork drn, Trt from tke investment property. donatkjnsfrom dasse5 and e¥ent¥thegfftslw,.fuRdraishy eyents and other.facilittes gjth as room hire. There issorne rIabIlIty In InconE dePendll on what events are held and the Eevel ot attendance. On the other Ikind, the malortsxpenses are largety red and non4iscretionary: peOnnel sakry and related expense8 aswell a5Centre runnlngand malntenance cost& Therefore, to maintaMI liquldlty and avotd maklngstaff redundant,the CBC needsto hold a sub5kntial resefve. A5 Sh. the trustres usually pkn to hokl between 3 to 6 rnonths expeftditureas free Atthe end of2024, our unrestrtcted cash reselves Ilndudii¥ our DeSig[ted Maintenance Fund) were 3.3 mcKrtW worth of expenditur& It should be that in 2025 we dalmedfortwoye3rs of GiftAid contributkins resulting in a £45K pasrynentln June 2025 that should improve our unrestrkted cash position. We alln to hokl at least£20Kfordesi8Trated bwlding Maintenan projects, sInthIS tsthe m05t IU(e source of unexpected expense. although thts nne¥ isivaltablefrircthrcentreexpenditure as needed. At the end of 2024thisstood at£22L Cijntrfbutionsfrom IndNldual donoT5 tontlnued to be managed in restricted°benevolent fijnds", the aims of which w8sto bulld fvftds forthe long-terni well-belngand Buddhist prartke of aTriratha Order Member WIM) had previou* beenthe Cthalr of our drity {En the case of the Ththiraketu Benevolent Fun} and forTriratna Order Membw3who ate fomw emptyee5lsTgnfficantvolunteErsof the
chaTity {inthe e ofthe T8C Benevolent Funffj. Payments from fund5e asdedded bythe trustees in Ilnewsth the obiectThies and aCtfvItt of the charlty. DISCLOSURE NOTES on staff & payments to truste & other related party transactlon5: The charftyemployedan aveTageof 7 employw dur1 theyear15full-tlme.2 part-timel. No- one earned mre than£60,000 pa. The chaiity Pals into a pen51on fund for empknyees-thefultstime stsff are alloutomlcal enrolled Underthe rthv pension regutsttons. with penslon. Theamountof peTh5ion paid is disclosed Separately1 the wtesto theSOFA on th next pa8e. - Tlveeof the tntsteeswere a150 empw bythe charlty-the Chair, Mrmlke Silver (Keturdia), and thetwo Mitra Convenor4 Mrjamessesslons (Arthasiddhl) and Ms Elkie Woptton (Amardchandrd}. They arethe pald fortlirserrflces gsemplue> Thi5 15 allowed in our No tnth business wenses were incurred duringthe year. Tht tharftydonates to otlwThratha Buddhist Communlty concems. in linewth ovrtharttable alm5. Thls Included our anN81 contributionto the Trlratra DevelopmentTeam and donations from the restrfcted benevolertfund to Ruchlraketu. a lool TrrTatna Order Memberwho had prevlou51y been the Chalr of ourchafity. In line withthe wlshe5 of the individuajswho have donated the monie5 to Set up this restfkted fun There were no other trelated partytransactiong requlrlng disclore. MrMlkesllver(Keturaj is a Trits ofth4WlndhoT5e Trust,the tharltythat owns 38 wearket Rd, Cambrftr, in whlch the Carnbrhjge Btmldhist Centre ts housed. Paymentmadetothe independent examlnerin the 2024attouDtswas£350. STATEMENT OF TRUStEEY RESPONSIBiirriES ChaTity law requiresthe tW5teesto preparefirsancial siaternentsforeach firtaTtcial yearwhich 5hDW a true and fairvkw of the state of affaiT5 Df the d)arfty and Its fmancial a¢tivitses forthat perlod. In preparing thfInana81 statements.thetrustees are requlred to: Select suitsble accounttt8 p0cleS and then aPtheM conslstently. Makeludgmeirts and estlmatesthatare rea50Trable and prudenL Statevthetherappllcable accounting stsndards and statements of retommended prdctice have been followed, subje¢ttr> anydep3rture5 dixtosed and ew[ahl in finanda15ktements: and prepare ttfmrKklstatements onthE gn8 concern basis unless it is inapproprlateto presumethatthe charltywill cont]nue in operdtlonal existence.
Thetrusteesare responslblefor keeplrvd proper accountlng Tecordswhlch disclose with reasonable 3¢¢urary at anytime the financFal p05ition ofthe charlty and to enable them to ensure th3tthe financial ststements compty wlth the CharltksAct2011. They are al responsible for safe8uardSngthe assets of the tharity and heno£of taklng.reasonable stepsforthe preventioand detectlon of frnud and other irTegukrilies. Sned on half0f the trustees MrJoh4Turner {SarvaJit)- Treasurer 2711012025 Trustees on date: Mr MikeSi1ver{Ketura). Ms VlmaladlpaTeMl%)n IVllnaladspa)- Mrjohn Turner{SaNaSit): Mrjames Sesslons {Arth05xldhl).. Ms Elkle Wootton IAmarachandrnl: Msjacqul Ewjm (Saci3kherna)
Trfmna C&mbrld8e(knwn asCambrld¥e Buddhistcefflrel Statertwt Df FfjnandalArtl¥ltle5 Forih8yearw¢kd JI De¢enther2024 ljnresirltted Funds ZU24 Totsl FUD Total FuDds Ftsnds 2024 Funds 21J24 comlrfwurce5 Donations and leE3tle5 Charf¥8ble acdvltiÈg Othertradlng activltles Iwestment inior Grants receable 146.648 67.011 ii,w 38,639 7,2 153,848 67,011 IL580 38,639 131,885 70,$20 13,397 34.577 344C¥) T•1 InrnB resour(e5 263,878 38.400 309A78 255379 esow¢osexpended th•ritabltewsek' 8uddhlst centre Supportfor Buddhist activ89 Managementand admlnistration A40fndS 144.008 18.504 65,744 37,754 144.(Q8 25,704 99,968 37.754 138,959 25,371 52,836 41,114 7.1 34,224 Total re50LWttS ey4>ended 266ml J4224 a07,435 258.280 Netln¢ome IleXpEndltur•lfort¥+# 4176 I043 -2,1 Reeon¢lllaUon offund$ ealance brought for¥vèrd Net movement in fuad5f¢rthe Pdoryearlsl adlustmènt Transferfrom deslgnatedto ureStr[Cted 633.297 -2,133 5,704 00 27,615 4,176 58.919 719,83l 2,043 722,732 -2,901 -10.0 8814ncearrledlorw4rd 21.791 58.919 727.578 719,831
Not to the Statement ol Flnancial Artlvities 2024 2023 IncominE resources l. Donatlons and legacies Donations- unrestrirted Donatlons- restricted 146,648 7,200 153,848 125,285 6,600 131,885 2. Charltable artivities Mindfulness courses / retreats Bodywork Bookshop School visits Oiher 15,010 46,464 4,889 648 17,035 46,877 4,925 1.646 37 70,520 67,011 3. Other tradlng artfvltles CBC rental income Second hand book sales 10.335 1,245 11,580 9,487 3,910 13,397 4. Investmenl Income Interest Investmerrt property Income 714 37,925 38.639 448 34,129 34.577 5. Grants rNable Grants 38,400 38,400 5,000 Resoue5 expended Charitable expenses: 6. Buddhist Centre Staff costs (excluding pensions) Pensions Publicity Travel & Entertainment Bodywork Vehicles Bookshop expenses 110,871 6,651 3,993 101,955 7,111 3.168 323 21,985 435 3,982 138,959 20,193 1,932 144,008 7. Support for Buddhlst activltles Triratna gifts & donatlons Benevolent fund Staff retreats & trainir¢g 10,026 7,2(KJ 8,478 10,440 7.200 7.879
25,704 25,519 8. Management and admlni5tration Bullding maintenance lunrestrittedl Building maintenance (designated) Depreciation office costs (includin8 bank charges) Insurance & professional fees 9,435 34,224 12,777 30,888 12,644 99.968 15,574 13,025 13,646 10,591 52,836 9. Ralsing Funds Event / retreat expenses Investment property 21,385 16,369 37,754 25.017 16,097 41,114
Trirakna Carnbrld8e (known as Cambridge Buddhlst Centre) Reglstered charity number: 297894 Balance Sheet As at 31 December 2024 2024 2023 Note Hxed assets Tangible a55ets Investment Property Total flxed assets io li 37.433 496,000 533.433 46.197 496,000 542,197 Current assets Cash and cash equivalents Debtor5'. amounts due within one year Stock Total current assets 132,132 62,889 4,136 199,157 124,666 52,815 3,561 181,042 12 Creditors.. amounts due within one year 13 5.012 3,408 Net current assds 194,145 177,634 Total net assets 727,578 719,831 Represented by: Charfty Funds Unrestricted I general Designated I maintenance Restricted / benevolent Total funds 646,868 21.791 58,919 727,578 633.297 27,615 58,919 719,831
Notes to the Balance Sheet 10. Tangible assets Furniture and equlpment 2024 Propertv 2024 Total 2024 Cost or valuation At l January 2024 Additions At 31 December 2024 162,310 97,363 5.454 102,817 259,673 5,454 265,127 162,310 Depreclation At l January 2024 Charge for the year At 31 Decèmber 2024 112,960 12,188 125,148 101,956 589 102.545 214,917 12,777 227.694 Net book value At 31 December 2024 At 31 December 2023 37,161 42,303 272 37,433 46,197 3,894 20Z4 2023 11. Investment property 65 Abbey Road 496,OlXI 496,000 12. Debtors: amounts due withln one year Accrued income Trade debtors Prepayments Staff loan 58,265 44,320 4.620 3.874 4,270 350 62.889 52,814 13. Credltors: amounts due wlthln one year Trade creditors (including credit card) HMRC.. PAYEINI NEST: pensions Deposits received Ikey fob51 Accruals 274 2,069 574 1,845 2SO 1,308 1,850 250 5.012 3,408
Independent examiner'5 report to the trusteas of Triratna Cambridge I report to the trustees on my examination of the accounts of Triratna Cambridge for the year ended 31 December 2024. Responsibilities and basis of report As the charity trustees of the Trust you are responsibl8 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 Trusvs accounts carried out under section 145 of the 2011 Act and in carrwng out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. Independent examinerfs 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 conceming 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 indep8ndent examination. I have no concems and have come across no other matters in connection with the examination to which attention should be drawn in this report to 8nable a proper understanding of the accounts to be reached. Signed: Kl,.L(. G,- Nicholas Gray, FMAAT Adhisthana Coddington Court Ledbury Her8fordshire HR8 1 JL 23rd October 2025