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2022-12-31-accounts

Trustees SWood
TBlanch
ALacey
AGoraya
H Higginson
P Sutherland (Appointed 20 July 2022)
P Stevenson (Appointed 26 March 2023)
A Rodogovsky (Appointed 26 March 2023)
SAlyce (Appointed 26 March 2023)
Secretary TBlanch
Charity number 900339
Company number 02459323
Principal address Gaia House
West Ogwell
Newton Abbot
Devon
TQ12 6EW
Registered oNce Gaia House
West Ogwell
Newton Abbot
Devon
TQ12 6EW
Auditor Rupp & Fraser
Chartered
Accountants		 and Statutory Auditor
7St Paul's Road
Newton Abbot
Devon
TQ12 2HP
Bankers HSBC Newton Abbot
42 Courtenay Street
Newton Abbot
Devon
TQ122EB
Solicitors Tozere
Broadwalk
House
Southernhay West
Exeter
Devon
EX1 1UA

Page
Trustees' report 1-9
Statement of trustees' responsibilities 10
Independent
auditor's		 report 11-12
Statement offinancial activities 13
Balance sheet 14-15
Statement ofcash flows
Notes tothe financial statements 17-30

The trustees, who are also the directors for the who are also the directors for the purpose
ofcompany
law, and who served during the year and up to		 purpose
ofcompany
law, and who served during the year and up to
the date ofsignature ofthe financial statements were:
K Malleson (Resigned 26 March 2023)
SWood
T Blanch
A Lacey
A Goraya
H Higginson
I/ Brett		 (Appointed 4 Apriil 2022 and resigned 31 May 2023)
P Sutherland (Appointed 20 July 2022)
P Stevenson (Appointed 26 March 2023)
A Rodogovsky (Appointed 26 March 2023)
SAlyce
SBrand		 (Appointed
(Appointed		 26 March 2023)
28 July 2022 and resigned 26 March 2023)

Unrestricted Restricted Total Unrestricted Restricted Total
funds funds funds funds
2022 2022 2022 2021 2021 2021
Notes 6 8 8 8 8 8
Iftggfgafmm
Donations
and
legacies 191,660 41,442 233,102 231,724 46,514 278,238
Charitable
activities		 508,833 1,793 510,626 297,828 330 298,158
Investments 7,399 7,399 5,134 5,134
Total income 707,892 43,235 751,127 534,686 46,844 581,530
Rmagd3igfgJID'
Charitable
activities		 757,753 47,705 805,458 566,268 15,763 582,031
Other (3) (3)
Total expenditure 757,753 47,705 805,458 566,265 15763 582 028
Net gains/(losses)
investments		 on
12		 (28,181) (28,181) 24,683 24,683
Net (outgoing)/incoming
resources before
transfers (78,042) (4,470) (82,512) (6,896) 31,081 24,185
Gross transfers
between
funds		 139,792 (139,792) 94,946 (94,946)
Net movement in funds 61,750 (144,262) (82,512) 88,050 (63,865) 24,185
Fund balances at 1 January
2022		 1,120,033 216,545 1,336,578 1,031,983 280,410 1,312,393
Fund balances at 31
December 2022 1,181,783 72,283 1,254,066 1,120,033 216,545 1,336,578

Notes 2022
f		 2021
f
Fixed assets
Tangible assets 14 967,958 792,864
Investments 15 184,276 206,540
1,152,234 999,404
Current assets
Debtors 16 33,854 40,748
Cash at bank and in hand 278,555 435,424
312,409 476,172
Creditors:
one year		 amounts falling due within 18 (201,126) (129,831)
Net current assets 111,283 346,341
Total assets less current liabilities 1,263,517 1,345,745
Creditors:
more than		 amounts
one year		 falling due after 19 (9,451) (9,167)
Net assets 1,254,066 1,336,578
Income funds
Restricted funds 20 72,283 216,545
Unrestricted funds - eneral
Designated funds 21 1,181,783 1,120,033
1,181,783 1,120,033
1,254,066 1,336,578

2022 2021
Notes 6 6
Cash flows from operating activities
Cash generated
from operations		 26 48,111 115,047
Investing
activities
Purchase oftangible fixed assets (206,746) (308,485)
Purchase ofinvestments (5,917) (188,404)
Proceeds from disposal of investments 184,145
Investment
income received		 7,399 5,134
Net cash used in investing activities (205,264) (307,610)
Financing
activities
Repayment
of borrowings		 284 202
Net cash generated
from financing
activities		 284 202
Net decrease
in cash and		 cash equivalents (156,869) (192,361)
Cash and cash equivalents at beginning ofyear 435,424 627,785
Cash and cash equivalents at end of year 278,555 435,424

2022 2021
6 6
Retreat income - personal and online 104,346 144,326
Retreat income - groups
Booksales		 400,486 152,151
29
Dharma talks 60 151
Administration
fee income		 4,413 1,104
Miscellaneous
income		 1,321 397
510,626 298,158
Analysis
by fund
Unrestricted
funds - general
Restricted funds		 508,833
1,793		 297,828
330
510,626 298,158
Unrestricted Unrestricted
funds funds
general general
2022 2021
f 6
Income from listed investments 5,916 4,260
Interest receivable 1,483 874
7399 5 134

2022 2021
6
Staff costs 417,595 378,131
Rates, water, insurance &light and heat 62,732 41,893
Food costs 69,599 30,361
Kitchen costs 6,332 2,694
Household
costs		 22,451 9,371
Garden costs 11,720 3,141
General maintenance costs 48,287 22,155
Direct and offsite retreat costs 2,622 510
Coordinator costs 3,802 5,358
Teacher costs 10,112 3,843
IT8 oflice costs 15,399 12,856
Travel and vehicle costs 15,546 3,052
Publicity,
newsletter		 and communications 5,793 6,499
Book &library costs 203
Other charitable
expenditure		 5,334 640
697,324 520,707
Grant funding ofactivities (see note 7) 43,040 15,763
Share ofsupport costs (see note 8)
Share ofgovernance
costs (see note 8)		 56,154
8,940		 34,843
10,718
805,458 582,031
Analysis
by fund
Unrestricted
funds -		 general 757753 566268
Restricted funds 47,705 15,763
805,458 582,031
Grants payable
2022 2021
6
Grants to institutions:
Grants to individuals 43,040 15,763
43,040 15,763

Support costs Support
costs
f		 Governance
costs
f		 2022 Suppok
COStS
f.		 Governance
COSts
f		 2021
f
Depreciation 31,651 31,651 19,372 19,372
Legal and professional
fees		 572 572 450 450
Telephone
Trustee insurance		 3,976 3,976 3,751
437		 3,751
437
Trustee training 50 50
Bank and credit card
charges		 19,905 19,905 10,833 10,833
Governance
books etc		 780 780 659 659
Accountancy fees
Audit fees		 8,160 8,160 1,530
8,180		 1,530
8,180
Cost oftrustees'
meetings		 349 349
56,154 8,940 65,094 34,843 10,718 45,561
Analysed
between
Charitable
activities		 56,154 8,940 65,094 34,843 10,718 45,561

The average
monthly
number ofemployees
during th		 e year was:
2022 2021
Number Number
Director
Administrator
Finance
IT&Communication
Building
Staff support teacher
Retreat operations
Coordlnators
Total 27 25

10 Employees (Continued)
Employment
costs		 2022 2021
8
Wages and salaries 400,774 361,143
Other pension costs 16,821 16,776
417,595 377,919
There were no employees whose annual remuneration was more than 260,000,
11 Other
Total Unrestricted
funds
general
2021
8
Net loss on disposal of tangible fixed assets (3)
(3)

Net gains/( toss es)
on investments
Unrestricted
Unrestricted
funds funds
general general
2022 2021
f 6
Revaluation of investments (28,181) 18,137
Gain/(loss) on sale of investments 6,546
(28,181) 24,683

14 Tangible fixed assets Freehold land Plant and Motor vehicles Total
and buildings equipment
6 6
Cost
At 1 January 2022
Additions		 807,499
161,311		 258,666
42,927		 10,015
2,508		 1,076,180
206,746
Disposals (1,164) (1,164)
At 31 December 2022 968,810 300,429 12,523 1,281,762
Depreciation
and impairment
At 1 January 2022
Depreciation
charged
in the year
Eliminated
in respect ofdisposals		 90,234
10,599		 183,068
20,947
(1,164)		 10,016
104		 283,318
31,650
(1,164)
At 31 December 2022 100,833 202,851 10,120 313,804
Carrying
amount
At 31December 2022		 867,977 97,578 2,403 957,958
At 31 December 2021 717,265 75,599 792,864

Fixed asset investments
Listed
mvestments
Cost or valuation
At 1 January 2022
Additions		 206,540
5,917
Valuation changes (28,181)
At 31December 2022 184,276
Carrying
amount
At 31 December 2022		 184,276
At 31 December 2021 206,540

16 Debtors
2022 2021
Amounts falling due within one year: 6
Other debtors 15,188 18,573
Prepayments and accrued income 18,666 22,175
33,854 40,748
17 Loans and overdrafts
2022 2021
6 6
Other loans 9,451 9,167
Payable aRer one year 9,451 9,167

Creditors: amounts falling due within one year
2022 2021
6 6
Other taxation and social security 5,843 6,204
Payments
received on account
Trade creditors		 123,905
37,879		 60,285
25,453
Other creditors 15,594 16,555
Accruals and deferred income 17,905 21,334
201,126 129,831
19 Creditors: amounts falling due after more than one year
2022
2		 2021f
Borrowings 9,451 9,167
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22 Analysis ofnet assets between funds
Unrestricted Restricted Total Unrestricted Restricted Total
funds funds funds funds
2022
8		 2022
8		 2022
6		 2021
f		 2021
8		 2021
Fund balances at 31
December 2022 are
represented
by:
Tangible assets		 967,958 967,958 792,864 792,864
Investments 184,276 184.276 206,540 206,540
Current assets/(liabilities) 39,006 72,283 111,283 129,796 218,545 346,341
Long term liabilities (9,451) (9,451) (9,167) (9,167)
'I,181,783 72,283 1,254,066 1,120,033 216,545 1,336,578

purpose. The Trustees consider this to b e un likely
an		 d, as s uch, do not feel that a pro vision
is neces		 sary.
Capital commitments 2022
6		 2021
8
At 31December 2022 the charity had capital commitments as follows:
Contracted
for but not provided
in the financial statements:
Acquisition
of property,
plant and equipment		 24,290
Related party transactions
There were no disclosable
related parly		 transactions during the year (2021 - none).
Cash generated
from operations		 2022 2021
8 6
(Deficit)/surpus
for the year		 (82,512) 24,185
Adjustments
for:
Investment
income recognised
in statement		 offinancial activities (7,399) (5,134)
Gain on disposal oftangible fixed assets (3)
Gain on disposal ofinvestments (6,546)
Fair value gains and losses on investments 28,181 (18,137)
Depreciation
and impairment
oftangible		 fixed assets 31,652 19,372
Movements
in working capital:
Decrease
in debtors		 6,894 26,029
Increase
in creditors		 71,295 75,281
Cash generated
from operations		 48,111 115,047

27 Analysis ofchanges in net funds
At 1January Cash flows At 31 Oeoemher
2S22 2a22
8 6
Cash at bank and in hand 435,424 (156,869) 278,555
Loans falling due after more than one year (9,167) (284) (9,451)
426457 (157,153) 269,104