REGISTERED COMPANY NUMBER: 2246810 (England and Wales)
REGISTERED CHARITY NUMBER: 327798
Re
orto
e Trustees and
Financial Statemen
sfo
ear Ended 31 Ma
2024
vi
assana Trust
R l Francis & Co Llmited
Marshall Buslness Centre
Faraday Road
Hereford
Herefordshire
HR4 9NS

a5sana Trust
Contents of the Flnanclal Statements
for the Year Ended 31 Ma
2024
Page
Report of the Trustees
Report of the Independent Auditors
7 to 10
ststement of Flnancial Actlvltles
li
Balance Sheet
12
Cash Flow Statement
13
Notos to the Cash Flow Ststement
14
Notes to the Flnanclal Statements
15 to 25
Detailed Statement of Finandal Actlvitles
26

assana Trust
ort of the Trustees
ear E ded 31 Ma
2024
for the
The trustees who are also dlrectors of the charity for the purposes of the Companies Art 2006, present thelr report wlth
the flnanclal statements of the charlty for the year ended 31 May 2024. The trustees have adopted the prDv151ons of
Accountlng and Reporting by Charities: Statement of Recommended Practice applicable to charities preparlng thelr
accounts in accordance with the Flnancial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021
(effective l January 20191.
STRATEGIC REPORT
Achlevement and performance
Alms and charltable purp05e5
Vlpassana Trust exlsts to advance human happiness through the teaching of princlples established by the late Sayagyi U Ba
Khln. These Inelude the practlce of Vlpassana medltation.. a technique for developlng concentration, Inslght and higher
stsndards of morallty that was orlginally taught by the Buddha.
A¢itivite5- meeting our charttable purposes
Vipassana meditation course5 are provlded for adults and Anapana meditatlon courses are provlded for chlldren and
teenagers. The trust's activities are based at two sites., Dhamma Dlpa, a resldÈntial mèditation centre at Pencoyd,
Herefordshire; and Dhamma Padhana, a second purpose-built residential centre adlacent to Dhamma Dlpa. Additional
courses are held at rented sltes In the North of England and in Scotland.
Th@ number of full-tlme adult partlclpants land number of course51 this year are summar15ed below, excluding one day
courses,.
2023124
Dhamma
Padhana
197
131
2022123
Dhamma
Padhana
127
121
Course
Dhamma
Dlpo
2.264
1201
Dhamma
Dlpa
2,269
1201
Total
2,461
123)
Total
2,396
1221
10-day
other
78
688
1141
766
1151
356
151
618
Iiii
974
1161
Note.. 10-day courses are the standard Introdurtlon of the technique to adult students; 'old' students, that is those who
have already completed a course In this tradition, may participate in these courses as well as in others that are shorter or
longer,
A Vipassana course for an adult Is a rewardlng but ¢)ften demanding experience. The trust has a thorough application
process to ensure that appllcants understand the nature of what thoy are undertaking and have a good chance of
benefitting from their commitment of tlme and effort.
Page I

vi
ssana Trust
ort oftheT ustees
for the Year
ded 31 Ma
2024
srRATEGIC REPORT
A¢hlevement and performance
Recent achlevements
Dharnma Dipa
-The Masterplan media projett was Completed.
- Twstees approved the bulldlng of Block J In the MastÈr Plan, a5 part of the Trust's vlslon of an Ideal Vipa55ana meditation
centre in the tradition of S,N. Goenka.
A new ventilation system in the Dhamma Hall,
Purchased a shlpplng contalner a5 a cost-effectlve altemative to the maintenance extenslon.
Gratitude course. la 14 day course for old students) was held in February to mark 100 years of our principal teacher, S.N.
Goenka.
Discourse resources project completed and implemented In the UK website,
Ongolng revlew of our policy and procedures and the creation of the Complaints Procedure and Protectin8 People
Pollcy. A UK Privacy team is also now operatlonal.
Dhamma Padhana
Completion in March of the second 60- day ¢our5e to be held at Dhamma Padhana
Worl( has commenced on the next phase5 development of the centre with the re-slting of the Kltchen and Laundry blocks
and groundworks for a number of bulldlngs.
Doubllng of the Kltchen block by the additlon of another unit.
Future Strategy
The purpose of Wipassana Trust is to organise and run course9 In Vlpassana Medltatlon as taught by S.N.
Goenka in the tradition of Sayagyi U Ba Khin.
For 2024125, Vipassana Trust's ambitions at Dhamm8 Dipa are,.
l. To continue to dlssemlnate information about Vipassana meditation.
2. To continue to support the exlstlng reglonal groups in the UK.
3. To contlnue the revlew of our pollcles and procedures
4. To start bullding Block J
The Dhamma Padhana Branch Future Strategies are:
l. To continue to provide suitable medltation facilities to those who wlsh to work more deeply In Vipa55ana Medltation, by
provldlng longer COu￿e5 and other courses for those who have sat a nL(mber of 10-day courses,
2. To resolve the constructlon rssues that have emerged wlth the zinc roofing of the pagoda.
3. In order to help satlsfy demand for long courses, the trust decided to delay the construction of a new
offlc@/kitchenldlnlng bulldinE and Instead Is looklng to add 6 additional single en-suite rooms by converting the current
dinlng halls into AT resldenc@s and building temporary dlning halls.
4. Complete major site malntenance repairs and enhancements
FINANCIALSTATEMENT
The Incomlng resoUr￿S for the year amounted to £1,288k 12022123., £1,095kl, expenditure was £1,071k 12022/23..
El,238kl leavln8 a net surplu5 of £217k12022123: deficit £143kl
As stated in the note regarding a Contingent Liability for repairs to the Pagoda Roof, since the completion of the Pagoda In
July 2017 a defect wlth the parts of the roof ha5 become apparent whlch will ￿qUIre replacement. The Trust, through its
subsldiary Vlpassana Construrtlon and Services Llmtted IVCSLI. has sought legal advice and, whlle VCSL will do Its best to
resolve thls dispute wlthout resort to Iltigation, the Trustees acknowledge the potential for litl8ation if settlement
attempts fail, as well a5 the attendant fees and c05ts of such Iltigatlon, many of which may not be recoverable even if
there Is a successful outcome.
Page 2

assana Trust
Re
orto
eTr
stees
for the Year Ended 31 Ma
2024
STRATEGIC REPORT
Or8anisation
Management of the trust's buslness affalr5 is by a Board of Directors.
Vipassana Trust directly runs a programme of ten-day and other shorter courses at Dhamma Dlpa. In addltlon. Its branch,
Dhamma Padhana, the European Long-course Centre, Is dedleated to runnlng wurse5 for exwrlenced students. It
provldes speclal facllltles for students who wish to take longer courses120 days or morel. Dhamma Dlpa and Dhamma
Padhana share many facllltles, in partlcular the office, kitchen and maintenance workshop. In addition. It organlses 3-day
and 10-day courses at rented off-centre locations in different parts of the UK whenever posslble. Unfortunately, this has
not been posslble In the flnanclal year under review.
No charges are made for attendlng courses, elther by way of fees or accommodatlon expenses, and donatlons a
accepted only from students who have successfully completed a 10-day course. It 15 made clear to all particlpants that
these donations are not payment for the teachlng and accornmodatlon that they have received, but tontrlbutlons towards
the costs of providlng courses in the future for others to attend, The donatlons are called 'dana' la Pall word). Donat'ions
glven at the end of a course Icourse danal are the main source of fundlng for the trust, wh5ch also rece5ve5 donatlons by
way of monthly standln8 orders and one-off donotions. We a150 receive student loans of varying amounts and duration.
Teaching and 5eNlng Iworkingl on cour5e5 is always done on a voluntary basis, The day to day running of the ¢entre Is
largely done by volunteers, although the Trust employs two part-time office staff and a full-time maintenance manager, It
also pays for the services of a part-tlme self-employed finan￿ manager.
Restrclted ￿ndS
Branch activitie5 and Specific projects are funded by donations glven speclflcally for these actlvltles and from surplus funds
designated by trustees,
In addltlon, the trust collects dana from old students for specific projects or for it5 Slster organisation5 in other countries
such as the Global Pagoda fund. These monies are used solely tQ 5UPPQrt the pro1￿ts to whlth they have been donated,
The Outreach and Global Pagoda Funds are the only ones that may receive gifts from those who have not completed a
10-day course.
Subsldlary company
Vipassana Construction and Services Ltd (VCSLI was incorporated In 2013 but remained dormant untll April 2015. It was
set up after Consultation with profession81 advlsors as an appropriate way to manage and administer certain actlvities of
Vipa5sana Trust which fall outside its main objectives, m05t specifically to act as principal contractor for Its building
projects. VCSL is a wholly owned Subsidiary of Vipassana frust and Its directors are appointed by the trust.
Page 3

a5sana Trust
orto
e Trustees
for the YÈar E ded 31
20
srRATEGIC REPORT
Reserves poll¢y
The policy of the trust is to Invest any liquld or current asset backed reserves into upgrading and E)ullding new facllrties as
funds allow, after providing sufficlent funds to meet the antlcipated runnln8 Costs of the organisation.
Cash flow forecasts are prepared regularly to enable Trustees to make such Investment decisions prudently. The Net
Current A55et5 below represents the positlon of the two maln funds In term5 of the net of cash and near cash current
assets less provlslons and liabllltles due within one year.
General Funds
Dhamma
Deslgnated
Dlpa
Restricted funds
Dhamma
Other
Padhana
Restrl¢ted
2024
3,633k
13,765kl
95k
1,431k
Total
Flxed Assets
Long Term Llabllltle5
Loan to Subsldlary
Net Current Assets
1,713k
1490kl
5,346k
14,255k
95k
2,154k
624k
80k
19k
Total funds
1,847k
80k
1,394k
19k
3,340k
2023
3,659k
{3,851kl
79k
1,391k
Flxod Assets
Long Term Llabllltlos
Loan to Subsidiary
Net Current Assets
1,734k
1642kl
5,403k
14,493kl
79k
2,134k
453k
71k
19k
rotal Fund5
1,745k
71k
1,288k
19k
3,123k
STRUCTURE, GOVERNANCE AND MANAGEMENT
Flnanclal management and rlsk revlew
The finance commlttee règularly scrutlnlses the financial situation by way of monthly Income and èxpendlture revlew.
cash flow statements and forecasts. We alm to be prudent in our financial management with regards to commltments to
fL4ture expenditure.
REFERENCE AND ADMINISTRATIVE DETAILS
RegIste￿d Company number
2246810 (England and Wale51
Reglstered Charlty number
327798
Registered offlce
Dhamma Dlpa
Pencoyd
St Owens Cross
Hereford
HR28NG
Page 4

as5ana Trust
of the Tru5tee5
the Year Ended 31
202
Trustee$
Jane Burnard lappointed I,10,231
lan Cather
James Sze Hoo Chan
Kevin Clifford
Robert Stephen Doyle
Raquel Faraco
Samuel Thomas Bllss Fraier (appointed 15.11.231
Chandani Kotecha
Lai Mun Lam {appointed l.10.231
Dattaprasad Mandnlkar
Jacqueline Mary Mullen
Yoel Mordecal Perlman (appointed l.10,231
Robert Li51e furner
Arthur Wolstenholme
Claire simone Coache
Angel Yanez Iresigned 31,10,231
Orsolya Szabados Ires18ned 31.10.231
Gavln Mltchell Ireslgned 31.10.231
Alexandra Ursu Iresigned 30.6,231
Company Secretary
Dattaprasad Mandnikar
Auditors
R J Francis & Co Limited
Marshall Buslness Centre
Faraday Road
Hereford
Herefordshire
HR49NS
STATEME￿ OF TRU5TEE5' RESPONSIBILITIES
The trustees Iwho are also the direthors of Vipassana Trust for the purposÈs of company lawl are responsible for preparlng
the Report of the frustees and the finan¢ial statements in accordance with appllcable law and United Kingdom Accounting
Standards Iunlted Kingdom Generally Accepted Accounting Practicel.
Company law requlres the trustees to prepare flnancial ststements for each financlal year which give a true and tsir vSew
of the state of affairs of the charitable company and of the Incoming resources and appllcation of resources, including the
income and expenditure, of the charltable company for that perlod. In preparing those financial statements, the trustees
are required to
select sultable accounting policles and then apply them conslstently,,
observe the rnethods and principle5 in the Charity SORP,.
make judgements and e5tlm8tes that are reasonable and prudent,,
state whether appllcable accountlng standards have been followed, subject to any material departures dlsclosed and
explained In the flnanclal statements,,
prepare the financial statements on the going concern basis unless it is inapprcpriate to presume that the charltable
company wlll contlnue in business.
Page S

assana Trust
ort of the Trustees
or the Year
ded31Ma
2024
5fATEMENT OF TRUSTEES, REsPONSIBIL￿lES- contlnued
The trustees are responslble for keeplng proper accounting records whlch dlsclose wlth reasonable accuracy at any tlme
the financial positlon of the charitable company and to enable them to ensure that the financlal statements comply with
the Companies Act 2006. They are a Iso responsible for 5afe8uarding the assets of the charitable company and hence for
taking reasonable steps for the preventlon and detectlon of fraud and other Irregularlties.
In so far as the trustees are aware..
there Is no relevant audlt Information of whlch the charitable company's auditors are unaware. and
the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit
information and to establlsh that the audltors are aware of that Informatlon.
AUDrroRS
The auditors, R J Francls & Co Limited, wlll be proposed for re-appointment et the forthcoming Annual General Meetlng.
Report of the trustees, incorporating a strateglc report. approved by order of the board of trustees, as the company
directors, on 29 September 2024 and slgned on the board's behalf by:
James Sie Hoo Chan- Trustee
Page 6

Re
ort of the Inde
endent
ors to the Members of
assana Trust
Oplnlon
We have audited the flnanclal statements of Wipassana Trust Ithe 'charitable company'l for the year ended 31 May 2024
which compdse the Statèment of Flnantlal Activities, the Balance Sheet, the Cash Flow Statement and notes to the
financial statements, includlng a summary of slgnlflcant accounting policles. The financial reporting framework that has
been applied In their preparatlon Is appllcable law and Unlted Klngdom Accountlng Standards Iunlted Klngdom Generally
Accepted Accountlng Prarticel,
In our oplnlon the fina nclal statements:
glve a truo and falr vlew of the state of the charitable company's affalrs as at 31 May 2024 and of Its Incoming
resources and applicatlon of rosource5, Including Its Income and expendlture, for the year then ended,.
have been properly prepared In accordance with Unlted Kingdom Generally Accepted Aocountlng Practlce,. and
have been prepared In accordance with the requirements of the Companies Act 2006,
Basis for opinion
We conducted our audlt In accordance with Internatlonal Standards on Audltlng IUKI IISAS IUKII and applicable law. Our
respon5ibllltles under those standards are further described in the Auditors, responsibilltles for the audlt of the financlal
statements Section of our report. We are independent of the charitable company In accordance wlth the ethlcal
requlrements that are relpvant to our audlt of the flnarFcial statements in the UK, including the FRC'S Ethical Standard, and
we have fulfilled our other ethlcal rosponsibilitles In accordan￿ with these requirements, We believe that the audlt
evidence we have obtained is sufflclent and appropriate to provide a ba515 for our opinion.
Conclusions relating to 8olng conrern
In audltlng the flnanclal statements, we have concluded that the twstees, use of the going concern basls of accountlng in
the preparatlon of the flnanclal statements is appropri£te,
Based on the work wo have performed, we have not identified any material uncertainties relating to events or cendltlons
that, Indlviduall¥ or collectlvely, may cast slgnlflcant doubt on the charitable company's ability to continue as a golng
oncern for a period of at least twelve monthg from when the flnanclal statements are authorised for issue.
Our responsibilities and the responsibilitie5 of the trustees wlth respect to golng concern are de5crlbed In the relevant
sectlons Of thls report.
Other Informatlon
The trustees are responslble for the other Information. The other information comprises the information included Sn the
Annual Report, other than the flnanelal statements and our Report of the Independent Auditors thereon.
Our opinlon on the financial statements does not cover the other informatlon and, except to the extent otherwise
expllcitly stated in our report, we do not express any form of a55urance concluslon thereon.
In connectlon wlth-our audit of the financial Statements, our responslblllty Is to read the other Informatlon and. In dolng
so, conslder whether the other information Is materially inconsistent ￿th the financial statements or our kno￿edge
obtalned In the audit or otherwlse appears to be materially mi5Stated. If we identify such material Inconsistencies or
appa￿nt materlal mlsstatement5, we are roquired to deternilne whether this gives rise to a material misstaternent in the
financlal statements themselves. If, based on the work we have performed, we conclude that there is a materlal
misstatement of thls other Information, we are requlred to report that fact, We have nothin8 to report in this regard.
Oplnions on other matter5 Pte5crlbed by the Companles Act 2006
In our oplnlon, based on the work undertaken In the course of the audlt:
the Informatlon glven in the Report of the Trustees for the flnanclal year for whlch the flnanclal statements are
prepared15 consistent with the financial statements; and
the Report of th2 Trustees has been prepared in accordance wlth appllcable legal requirements.
Page 7

Re
ortcfthe I
endent Auditor5 to the Members of
assana Trust
Matters on which we are requlred to report by ÉxcÈptlon
In the light of the knowledge and understanding of the charltable Company and its environment obtalned in the course of
the audit, we have not identified material misstatements in the Report of the Trustees.
We have nothlng to report In respect of the following matters where the Companie5 Act 2006 require5 US to report to you
if, in our opinion..
adequate occountlng records have not beon kopt or returns adequate for our audlt have not been received from
branches not vlslted by us,. or
the financial Statements are not In agreement with the accounting records and returns; or
ertain disclosures of trustees, remuneratlon specified by law are not made,, or
we have not received all the Information and explanations we requlre for our audlt.
Responslbllltles of trusteÈs
As explalned more fully in the Statement of Trustees, Responslbllltles, the trustee5 Iwha are also the directors of the
charitable company for the purposes of company lawl are responslble for the preparation of the flnan¢lal statements and
for being satisfied that they give a true and fair vlew. and for such internal control as the trustees determlne Is necessary
to enable the preparaticn of flnancial statements that are free from materlal m1s5tatèmÈnt. whether due to fraud or error,
In preparlng the flnancial statements, the trustees are responsible for assessing the charttable company's ablllty t'o
contlnue as a going concern, dlsclosln& as applicable, matters related to going concern and using the going concern basls
of accountlng unless the trustee5 either Intend to Ilquldate the charitable company or to cease operation5, or have no
reallstic alternatlve but to do so.
Page 8

Re
t of the Inde
endent Aucfitorg to the Members of
as5ana Trus
Our responslbillties for the audlt of the flnanclal statements
Our objectlves are to obtain reasonable assurance about whether the financial statements a5 a whole are free fro
material misstatement, whether due to fraud or error, and to Issue a Report of the Independent Auditors that include5 our
oplnlon. Reasonable assurance Is o hlgh level of assurance, but is not a guarantee that an audlt conducted In accordance
with ISAS {UKI wlll always detect a materlal mi55tatement when it exlsts. Mlsgtatements can arlse from fraud or error and
are consldered materlal ff, indlvldually or in the aggregate, they could reasonably be expected to influence the economic
declslons of users taken on the basls of these financlal statements.
The extent to which our procedures are capable of detecting Irre8ularltles, Including fraud is detalled below,,
The engagement partner ensured that the audit team collectlvely had the appropriate competen¢e, capabllities and skills
to Identify or recogn15e non-compllance with applicable laws and regulatlons.
We Identlfled thÈ laws and regulatlon5 applicable to the Company throuEh dlscusslons wlth Directors and other
management and from our commercial knowledge and experience of th15 bu5ine55 sector.
We assessed the extent of compllance with the laws and regulations identified above through making enqulrles of
management and Inspecting legal correspondence.
We a55e55ed the susceptibility of the Company's financial statements to materlal misstatemenL includin8 obtaining an
understandSng of howfraud mi8ht occur, bv.,
Maklng @nquiries of manaEement as tg where they considered there was susceptlblllty to fraud, thelr knowledge of actual,
suspected and alleged fraud.
Considering the internal controls In pla¢e to mltigate risks of fraud and non-compliance with laws and regulations.
To address the risk of fraud through managemènt blas and overrlde Of controls we:
Performed analytlcal procedures to identify any unusual or unexpetted relationshlps.
Assessed whetherJudgements and assumptions Inade in determlnlng accountlng estlmates Included In the Accounts were
Inrllcatlve of potential bla5.
There are inherent limltatlons In our audlt procedures descrlbed above. The more removed that laws and regulatlons are
from financial transactions, the less Ilkely it Is that we would become aware of non-co¥llpliance. Auditing standards also
limit the audit procedure5 required to Sdentify non-compllance wlth laws and regulations to enquiring of the Directors and
other management and the inspection of regulatory and legal ¢orre5pondence. If any.
Material mlsstatements that arise due to fraud can be harder to detect than those that arise from error, as they may
involve deliberate concealment or collusion.
A further descrlptlon of our responslbllltles for the audit of the financial statements is located on the Flnanclal Reportlng
Council's website at www,frc.org,uk/auditorsresponslbilities. This descriptioll form5 part of our Report of the Independent
Audltors,
Page 9

Re
ortoft
ent Audltors to the M mbers of
assan
Trust
Use of our report
This report is made solely to the ¢harltable company's member5, as a body, in accordance with Chapter 3 of Part 16 of the
Companles Act 2006. Our audit worl< has been undertaken so that we might state to the charitable company's members
thosÉ matters we are requlred to state to them In an auditors, report and for nc other purpose. To the fullèst extent
permttted by law, we do not accept or assume responsibility to anyone other than the charltable company and the
charltable company's members as a body, for our audit work, for thls report, or for the opinlons we have fomied,
AA Houston FCA Isenlor Statutory Auditorl
for and on behalf of R J Francis & Co Llmited
Marshall Buslness Centre
Faraday Road
Hereford
Hereford5hire
HR4 9NS
29 September 2024
Page 10

assana Trust
te
ent of Financlal Activities
or the Year En
ed31Ma
2024
2024
Totsl
funds
2023
Total
funds
Unrestrlcted
funds
Restrlcted
funds
Notes
INCOME AND ENDOWMENT5 FROM
Donatlons and legacies
71WJ,140
497,201
¥197,341
1,068,993
Investment income
31,U8
59,869
91,097
25,895
Tctsl
731,368
557,070
1.288,438
1,094,888
EXPENDrruRE ON
Charitable activlties
Meditatlon courses
634,027
471.187
1.105,214
1,188,672
Other
133,719)
133,7191
49,050
Total
634,027
437.468
1,071,495
1,237,722
NET INCOMEIIEXPENDITURE)
Transfer5 belween funds
97,341
12,958
119,602
{12,938}
216,943
1142.8341
17
Net movement In funds
110.279
106,664
216,943
1142,8341
RECONCIUATION OF FUNDS
Total funds brought forward
1,816,953
1,306,317
3,123.270
3,266.104
TOTAL FUNDS CARRIED FORWARD
1,927,232
1,412,981
3,340,213
3,123,270
The notes form part of these financial statements
Page 11

assana Trust
Balance Sheet
31
2024
Totsl
lunds
2023
Total
funds
Unrestricted
funds
Restricted
funds
Notes
FIXED ASSETS
Tan8lble a'ssets
Investments
io
li
1,713.053
loo
3,633288
5,346041
loo
5,403,380
loo
1,713,153
3,633288
5,346,441
5,403,480
CURREfrJT ASSETS
Oebtors
Cash at bank and In hand
12
Z17.000
670,897
6,755
1,762,753
223,755
2A33.650
146,146
2,253,912
887.897
1,769,508
2,657005
2,400,058
CREDITORS
Amount5 falling due withln one year
13
1183,5311
1224,3441
{407,875)
1477,5531
NET CURRENT ASSETS
704.366
1,545,164
2,249.530
1,922,505
TOTAL ASSFfs LESS CURRENT LIABIUTIES
2,417,519
5,178A52
7,595,971
7,325,985
CREDITOR5
Amount5 falling due after more than one year
14
{490,2881 (3,748A35}
{4,238.723}
14.185,5221
PROVISIONS FOR IIABILITIES
16
(17,Q35)
117,035
117.193}
NET ASSETS
1,927,231
1,412,982
3,340,213
3,123,270
FUNDS
Unrestricted fund5
Restricted funds
17
1,927,231
1,411982
1.816,953
1,306,317
TOTAL FUNDS
3,a40,213
3,123,270
The f Inanclal statements were approved by the Board of Trustees and f Uthorised for issue on 29 Septernber 2024 and
were slgned on Its behalf bv:
fv7¢of//
James Sze Hoo Chan - Trustee
The notes form part of these financlal statements
Page 12

dssana Trust
Cash Flow State
for the Year Ended 31 Ma
2024
2024
2023
Notes
Cash flows from operatlng atllvltles
Cash generated from operations
Interest paid
233,621
1120,7371
239,837
1163,6531
Net Cash provlded by operatlng actlvitles
112,884
76,184
Cash flows from In¥estlng actlvltlos
Purchase of tangible fixed assets
Interest received
1111,509}
91,097
1269,044}
25,895
Net cash used in investin8 activities
120,4121
1243,149
C&%'h flows from flnanclng 3Ctlvltles
Bank103n repayments In year
student loan movement In year
(27,1581
114A24
128,5031
974,583
Net cash provided by financing activities
87,266
946,080
Change In cash and cash equl¥alents In the
reportlng pÈrlod
Cash and cash equlvalents at the beglnnlng
of the reporting perlod
179.738
779,115
2,253,912
1,474,797
Cash and cash equlvalents at the end of the
reporting period
2,433,650
2,253.912
The notes form part of these financial ststements
Page 13

assana Trust
ote5 to the C
ow Statemen
for the
r Ended 31 Ma
2024
RECONCILIATION OF INCOMEIIEXPENDITUREI TO NETCASH FLOW FROM OPERATING AcfiviTIES
2024
2023
Net incomellexpenditurel for the reportln8 period las per the Statement
of Flnanclal Actfvltlesl
Adjustments for..
Depreciatlon charges
Interest recelved
Interest paid
Increase in debtor5
{Decreasel/lncrease. in credltors
216,943
1142,8341
168,548
191,097)
120,737
(77,609)
1103,901)
168,549
125,8951
163,653
125,7371
102,101
Net cash provlded by operatlon5
233,621
239,837
ANALYSIS OF CHANGES IN NET DEBT
At 1.6.23
Cash flow
At 31.5.24
Nei cash
Cash at bank and In hand
2,253,912
179,738
2,433,650
2,253,912
179,738
2,433,650
Debt
Debts falllng due wlthln l year
Debt5 falling due after l year
{286,406)
14,185,522)
129,6991
1316,105)
153,2011 14238,7231
14A71,928}
1819001
14,554,828)
Total
{2.218.016)
96,838
12.121,178
The notes form part of these flnancial statements
Page 14

vi
assana Trust
Notes to the Flnanclal Statements
for the Year Ended 31 Ma
2024
STAT(TfoRY INFORMATION
Vlpassana Trust Is a prlvate Ilmlted eharltable company, Ilmited by guarantee, reglstered In England and Wales,
The company's reglstered number, reglstered office address and reglsterÉd charlty number can be found in the
trustees report under the headlng Reference and Admlnlstratlve Details.
ACCOUNTING POLICIES
Ba51s of preparlng the flnan¢lal statements
The financlal statements of the charltable companyi which 15 a public benefit entity under FRS 102, have been
preparod In accordanco wlth the Charitles SORP IFRS 1021 'Accountin8 and Reportlng by Charlties: Statement of
Recommended Prartlce applicable to charitle5 preparing their accounts In aceordance with the Flnanclal Reporting
Standard applicable in the UK and Republlc of Ireland IFRS 1021 leffectlve l January 2019),, Financial Reportlng
Standard 102 'The Flnancial Reporting Standard applicable In the UK and Republic of Ireland, and the Companles
Act 2006, The financial statements have been preparÈd under the historical cost conventlon, with the exception of
investments which are included at market value,
Income
All Income Is recognised in the Statement of Flnanclal Actlvitles once the charfty has entltlement to the funds, It 15
probable that the Income wlll be recolved and the amount can be measured reliably.
Expenditure
Liabilities are reco8nised as expenditure as soon as there 15 a legal or constructive obligation committing the
charity to that expenditure, tt is probable that a transfer of economic benefits will be required in setllement and
the amount of the obllgation can be measured reliably. Expenditure is 4ccounted for on an accruals basis and ha5
been classlfled under headlngs that aggregate all cost related to the category. Where costs cannot be directly
attrlbuted to particular headlngs they have been allocated to a¢tlvltles on a basls eonsSstent wlth the use of
resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property
Plant and machlnery
Motor vehicle5
2% straight line
Varlous between 4%- 25%
25% stralght Ilne
Taxatlon
The charlty is exempt from corporatlon tax on Its charltable actlvltles.
Fund a¢¢ountlng
Unrestricted funds can be used In ac¢ordance with the charitable objectives at the discretion of the trustee5.
Restrlcted funds can only be used for partlcular restrlcted purposes wlthln the obJect5 of the charlty. Restrlctlon5
arlse when speclfied by the donor or when funds are ralsed for particular restrlcted purposes.
Further explanation of the nature and purpose of each fund Is Included In tho notÈs to the flnanclal statements.
Foreign ¢urren¢les
Assets and liabilities in foreign currencies are translated Into sterling at the rates of exchange rullng at the balance
sheet date. Transactions in foreign currencies ale translated into sterling at the rate of exchange ruling at the date
of transactlon. Exchange dlfference5 are taken into aeccunt in arriving at the operatlng result.
Pago 15
contlnuèd.

vi
a$5ana frust
Note5 to the Flnanclal Statements- contlnued
forthe Yèar EndÉd 31 Ma
2024
DONATIONS AND LEGACIES
2024
2023
Donatlons
Glft ald
Feed In larlff Income
Sundry income
Capltal grant Income
RHI subsldy
Legacles
1.009,218
115,898
6,443
712
4,966
57,004
3,700
895,158
115,953
4,548
552
4,366
48,416
1,197,341
1,068.993
INVESTMENT INCOME
2024
2023
Deposit account Interest
91,097
25,895
CHARITABLE ACTIVITIES COSTS
Direct
Costs
Medltatlon courses
1,105,214
NEf INCOMEIIEXPENDITURE)
Net income/lexpenditurel is stated after charglngllcredltlngl.,
2024
2023
Depreclatlon - owned asset5
Auditors remuneration
168548
5.640
168,549
4,680
TRUSTEES, REMUNERATION AND BENEFITS
There were no tru5tee5' remuneration or other beneflts for the year ended 31 May 2024 nor for the year ended
31 May 2023.
Truslees, expenses
There were no trustees, expenses paid for the year ended 31 May 2024 nor for the year ended 31 May 2023.
Page 16
contlnued.

a5sana Trus
Notes to the Fi
cia
Statements - contlnued
or the Year Ended 31 Ma
2024
STAFF COSTS
Total 5tsff costs were a5 follows,.
2024
2023
Wages and Salarles
Soclal Security Costs
59,010
58,738
59,010
58,738
The average monthly number of employees during the year was as follows:
2024
2023
Full time
Part time
No employees received emoluments In excess of £60,000.
COMPARATIVES FOR THE STATEMENT OF FINANCIALACTIVITIES
Unrestrlcted
funds
Restrlcted
funds
Total
fLJnds
INCOME AND ENDOWMENTS FROM
Donatlons and legacles
681,172
387,821
1,068,993
Investment income
15.408
10,487
25,895
Total
696,580
398,308
1,094,888
EXPENDITURE ON
Charltable a¢tlvltles
Medltatlon courses
635,815
552,857
1,188,672
Other
49,050
49,050
Total
635,815
601,907
1,237,722
NET INCOME/IEXPENDrruREI
60,765
1203,5991
1142,8341
RECONCILIATION OF FUNDS
Totsl funds brought forward
1,756,188
1,509,916
3,266,104
Page 17
contlnued.,.

a55ana Trust
Notes to the Flnancla
for the Year Ended 31 Ma
s-co
2024
COMPARATIVES FOR THE STATEMENT OF FINANCIAL A￿MTlEs- contlnued
Unrestricted
fund5
Restricted
funds
Total
funds
TOTAL FUNDS CARRIED FORWARD
1,816,953
1,306,317
3,123,270
io.
TANGIBLE FIXED ASSETS
Freehold
property
Plant and
machinery
Motor
vehlcles
Totals
cosr
At Ilune 2023
Additions
7,511,679
111,509
551,411
13,342
8,076,432
111,509
At 31 May 2024
7,6Z3,188
551,411
13,342
8,187?41
DEPRECIATION
At l June 2023
Charg@ for year
2.435,165
138,854
224,545
29,694
13,342
2,673,052
168,548
At 31 May 2024
2,574,019
254,239
13,342
2,841,600
NET BOOK VALUE
At31May2024
5,049,169
297.172
5,346,341
At 31 May 2023
5.076,514
326,866
5,403,380
ii.
FIXED A55ET INVESTMEP￿s
Share5 in
group
undertakin8S
MARKET VALUE
At ljune 2023 and 31 May 2024
loo
NET BOOKVALUE
At 31 May 2024
loo
At 31 May 2023
loo
There were no Investment asset5 Outside the UK.
Page 18
continued,..

vi
assana Trust
Notes to the Flnanclal 5tatements- contlnued
for the Year Ended 31 Ma
2024
12.
DEBTORS: AMouMfs FALLING DUE WITHIN ONE YEAR
2024
2023
Other debtors
Glft ald outstandlng
RHI Subsidy
Loan to subsidiary
Prepayrnents
92,751
13,230
14,748
95,1￿0
8,026
44,255
915
14,365
79,000
7,611
223,755
146,146
Other debtors Includes a loan of £25,000 from the North of England brdnch. It Is conflrmed that there are no flxed
repayment terms for this108n', The loan is to Dhamma Sukhakari lan affiliated orEanlsation of Wipassana Trust)
Loan to Subsidlary Undertakin8S',
Thls is a worklng capital loan to cover Costs prior to commencement of the next phase of bullding,
There Is no speclflc repayment date, although It Is ¢onflrmed that the loan wlll not be repayable wlthln 12 months,
CREDITORS: AMOUNTS FALUNG DUE WITHIN ONE YEAR
2024
2023
Bank loans and overdrafts (see note 151
Ot,her loans {see note 151
Trade creditor5
Soclal securlty and other taxe5
Other credltors
Grant on solar panels
Amounts owed t0 Subsidiary
Accrued expenses
22,251
293,854
35,403
1,429
25,432
4,367
1,918
23,221
25,846
260,560
68,140
1,385
94,460
4,367
116
22,679
407,875
477,553
Page 19
contlnued.

assana Trust
Not@g to the Flnancial Statements- contlnued
fDr the Year Ended 31 Ma
2024
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024
2023
Bank Loans (see note 141
Other loans (see note 141
373,105
3,865,618
396,663
3,788,854
4,238,723
4,185,522
15.
LOANS
An analysis of the maturity of loans Is glven below..
2024
2023
Amounts falling due within one year on demand;
Bank loans less than l year
Other loans
22,251
293,854
25,846
260,560
316,105
286,40S
Amounts falling between one and two years.,
Bank loans- 1-2 years
Solar panel grant 1-2 years
Student loans- 1-2 years
26,215
4,367
195A41
28,075
4,367
179,478
226,023
211,920
Amounts falling due between two and five years,,
Bank loan5- 2-5 years
Student loans- 2-5 years
Solar panel grant 2 - 5 year5
92,531
510,080
99,604
327,513
4,366
602,611
431,483
Amounts falllng due In more than flve years:
Repayable by instalments:
Bank loan5 more than 5 year5
Repayable otherwise than by Instalments:
Stbjdent loan5 more than 5 years
254,359
268,989
3,155,730
3,273,130
The Company bank loans are secured by the following charges:.
A legal charge in respect of the Freehold Property Dh2mma Dlpa, Harewood End, Hereford, HR2 8NG.
A debenture including a fixed charge over all present freehold and leasehold propertv,
Page 20
contlnued...

vi
assana Trust
Note5 to the Financlal Statements- continued
or
he Year Ended 31 Ma
2024
16.
PROVISIONS FOR LLaBILITIES
2024
2023
Provision for reciprocal gifts
17,035
17,193
Reclprocal 8lfts represent Dana glven by centres acro55 Europe to support the buildin8 of the European Long
Course Centre.
Loans were provlded by local students to their respective European Trusts. Thls fi8ure was then donated to
Dhamma Padhana, on the understandlng that Dhamm? Padhana would make a reciprocal donatlon of the Same
amount back to each Trust, to facilitate repayment of these loan5.
Whi15t technically any loan or Similar agreement Is between the student and thelr local trust, Vipassana Trust has
scheduled potentlal repayment date5 of these reciprocal gifts, with some reciprocal gifts already having been
repald In full. The Trust re¢ogni5e5 an obllgation, when funds are available, to repay these sums, hence the full
provision for these flgures In the FSnanclal Statements.
17.
MOVEMENT IN FUNDS
Net
movement
in fund5
Transfers
between
funds
At
31.5.24
At 1,6.23
Unrestrlcted funds
Dhamma Dipa
Designated fund
East AnElia
1,745,248
67,608
4,097
97,340
1,847,217
80,014
12.406
{4,097)
1016,953
97,340
12,938
1,927,231
Restrlrted funds
Dhamma Padhana
Other restrlcted
East Anglia
1,287854
18*63
IZ&519
555
12,471
117,035)
1,391,938
19,418
¥626
1,306A17
119,603
112,938)
1,412,982
TOTAL FUND5
3,123,270
216.943
3,340,213
Page 21
continued...

assana Trust
Notes to the Flnanclal Stat@mentg- contlnued
for the Year Ended 31 Ma
2024
17.
MOVEMENT IN FUNDS- contlnued
Net rnovement in funds, Included In the above are as follows:
Incoming
resource5
Resources
expended
Movement
In funds
Unre5lricted tunds
Dhamma Dipa
731,368
{634,028
97,340
RÈstrl¢tod funds
Dhamma Padhana
Other restricted
East Anglia
552,476
2,214
2,380
(410,957
{1,659
14,851).
121,519
555
114711
557,070
{437,467
119,603
TOTAL FUNDS
1288,438
(1.071,495
216,943
Comparatives for movement in funds
Net
movement
In funds
At
31.5.23
At 1.6.22
Unrestrlcted funds
Dhamma Dipa
Designated fund
East Anglia
1,683,222
67,608
5,358
62,026
1,745,248
67,608
4,097
11,261}
1,756,188
60,765
1,816,953
Restrlcted funds
Dhamma Padhana
Other restrlcted
1,491,561
18,3S5
1204,1071
508
1,287,454
18,863
1,509,916
1203,5991
1,306,317
TOTAL FUNDS
3,265.104
1142,8341
3,123,270
Page 22
contlnued...

vi
assana Trust
Notes to the Flnanclal Statements- contlnued
forthe Year Ended 31 Ma
2024
17.
MOVEMENT IN FUNDS- contlnued
Comparatlve net movement in funds, Included In the above arè as follows:
Incoming
resources
Resources
expended
Movement
In funds
Unrestrlcted lunds
Dhamma Dlpa
East Angliè
694,018
2,562
1631,9921
13,823
62,026
11,2611
696,580
1635,815
60,765
Restrl¢ted funds
Dhamma Padhana
Other restricted
392,912
5,396
IS97,0191
14,888
1204,1071
S08
398,308
1601,9071
1203,5991
TOTAL FUNDS
1,094,888
11,237,722
1142,8341
A current year 12 months and prior year 12 month5 combined position is as follows:
Net
Movement
Infunds
Transfers
between
funds
At
31.5.24
At 1.6.22
Unreserlcted fund5
Dhamma Dlpa
Designated fund
East Anglia
1,683,222
67,608
5,358
159,366
4,629
12,406
14,0971
1,847,217
80,014
11,2611
1,756,188
158,105
12,938
1,927,231
Restrl¢ted funds
Dhamma Padhana
Other restricted
East Anglia
1,491,561
18,355
182,5881
1,063
12,4711
117,0351
1,391,938
19,418
1,626
4,097
1,509,916
183,9961
112,9381
1,412,982
TOTALFUNDS
3,266,104
74,ID9
3,340,213
Page 23
contlnued...

assana Trust
Notes to the Flnanclal Statements- eontlnued
for the Year Ended 31 Ma
2024
17.
fvIOVEMENT IN FUNDS- contlnued
A current year 12 months and prior year 12 months comblnod net movement In funds, Included In the above are
as follow5..
Incomlng
resources
Resources
expended
Movement
In funds
Unrestrlrted lunds
Dhamma Dipa
East Anglla
1,425,386
2,562
11,266,020
13,8231
159,366
11,2611
1,427,948
11,269,843>
158,105
Restrl<ted funds
Dhamma Padhana
Other restrlcted
East Anglia
945,388
7,610
1380
11,027,976>
16,5471
14,8511
182,588
1,063
12,4711
955,378
11,039,374>
183,9961
TOTAL FUNDS
2,383,326
12,309,217}
74,109
18,
CONTINGENT UABILrriES
Slnce the cornpletlon of the Pagoda in July 2017, a defect wlth part5 of the roof has become apparent, which will
require replacement. The Trust, through its subsldlary Vipassana Constructlon and Servlces Llmlted IVCSLI. has
sought legal advice and, while VCSL will do Its best to resolve thls dlspute wlthout resort to Iltigation. It is posslble
that such litl8atlon, with attendant fee5, wlll be requlred wlth no guarantee of 8 successful outcome and rocovery
of those cost5.
19.
RELATED PARTY DISCLOSURES
There were no loans from Trustees to the charlty stlll repayable at the year end12023 £Nill.
Vipassana Trust holds a participatlng Interest In VIpa55ana Construction and Services Llmited. All transactlons
between the two Companle5 are at a strictly agreed comm@rcial rate. The amounts due to and from Vipassana
Construclion and Services Limlted included ID debtors at note 9: £95,oC￿l2o23 - £79,1)001; and In the credltors at
note 10: £17,45412023- £34,685).
Page 24
contlnued...

vi
2S5ana Trust
Notes to the Flnanclal Statemènts- contlnued
forthe Year Ended 31 Ma
2024
20.
COMPANY LIMITED BY GUARANTEE
Under the terms of the Company's Memorandum and Artlcle5 evpry member of the Company undertakes to
contribute te the assets of the Company if it Is wound up durlng the tlme that they are a member, or wlthln one
year afterwards for payment of debts and Ilabilities of the Company contracted before they ceased to be a
member, vp to a maxlmum of £lOO,
Pago 25

a55ana Trust
Detalled Statement o
Flnanclal Activltles
for the Yoar Ended 31 Ma
2024
2024
Total
funds
2023
Total
funds
Unrestricted
fLJnds
Re5trlcted
funds
INCOME AND ENDOWMEhrrs
Donatlons and legacles
Donatlons
Glft aid
Feed in tariff incorne
Sundry income
Capital grant Income
RHI subsldy
Legacles
560,950
88,504
6043
357
2,183
38,003
3,700
448,268
27,394
1,009,218
115,898
6043
712
4,366
57,004
3,700
895,158
115,953
4,548
5S2
4,366
48,416
355
2,183
19,001
700,140
497,201
1,197,541
1,068,993
Investment In¢ome
Deposit account interest
31.228
59.869
91,097
25.895
Total Incomlng resources
731,368
557.070
1288,438
1,094,888
EXPENDITURE
Charitable a¢tlvlties
Utilities, rates and insurance
O)Tits costs
Motor expenses
Maintenance
Household costs
Oonatlons to other centres
Kitchen costs
other course expenses.
Depreciation of tan8ible fixed assets
Financial costs
Interest on loans
89,540
84.705
2.207
132.950
16,123
59,078
48.271
1.209
72,871
13,717
5,086
93,750
4,160
92,254
8,948
71,842
148,618
132.976
3,416
205,8ZI
29,840
5,086
269,962
20,208
168,550
16,030
104,707
191,472
110,285
3,837
252,987
33,121
5,608
244,451
14,709
168,549
11,324
152,329
176,212
16,048
76,296
7.082
32.865
634,028
471,186
1,105,214
1,188,672
Other
Foreign exchan8e105sesllgalns1
133,7191
133,7191
49,050
Total resour￿5 expended
634,028
437,467
1.071,495
1,237,722
Net lexpendlturelllncome
97.340
119,603
216,943
1142,8341
Thls page does not f0rn1 part of the statutory flnanclal statements
Page 26