Charlty reglstratlon number 900339 (England and Walès}
Company roglstratlon number 02459323
GAIA HOUSE TRUST
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

GAIA HOUSE TRUST
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
T Blanch
A Lacey
P Sutherland
P Slevenson
A Rodogovsky
S Alyce
J Hodder
(Appointed 23 Sept6mber
20241
(Appointed 5 December 2024)
V Murphy
Secretary
T Blanch
Charity number (England and Wales)
900339
Company number
02459323
Principal address
Gaia House
West Ogwell
Newton Abbot
Devon
TQ12 6EW
Registered office
Gaia House
West Ogwell
Newton Abbot
Devon
TQ12 6EW
Auditor
Streets Audit LLP
Tower House
Lucy Tower Street
Lincoln
Lincolnshire
LN1 1XW
Bankers
HSBC Newton Abbot
42 Courtenay Street
Newton Abbot
Devon
TQ12 2EB
Solicitors
Tozers
Broadwalk House
Southernhay W6st
Exeter
Devon
EX11UA

GAIA HOUSE TRUST
CONTENTS
Page
Trustees. report
Statement of trustees, responsibilities
10
Independent audilor's report
Statement of financial activities
14
Balance sheet
15
Statement of cash flows
16
Notes to the financial 5talements
17-29

GAIA HOUSE TRUST
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT AND STRATEGIC REPORT)
FOR THE YEAR ENDED 31 DECEMBER 2024
Tha Irusta&s present th6ir report and financial statements for the year ended 31 Decembèr 2024.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the
financial stalemenls and comply with the charity's governing document, the Companies Act 2006 and "Accounting
and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in
accordance with the Financial Reporting Slandard applicable in the UK and Republic of Ireland (FRS 1021" las
amended for accounting periods commencing from 1 January 2016)
Objedives and activffitles
Our purposes are set out in the objects within our memorandum of association, and are..
To preseNe, protect and enhance physical, mental, emotional and spiritual health by the provision of a
cenlre for the instruction and practice of meditation.
To provide education and instruction in meditation.
In pursuit of Ihese purposes. we aim to provide a year-round progratnme of residential and online meditation
retreats and evenls of varying length led by teachers from different backgrounds. The meditation and instruction are
all drawn from the Buddhist tradition. We are not sectarian. but primarily draw upon teachings that are compatible
with Ihe contemporary Vipassana or Insight Meditation tradilion and its focus on meditation as a beneficial
transfomialive process. with our retreats concentrating primarily on silent medilation ralher than a ritual-based or
liturgical content.
To maintain an inspiring and reflective environment for our retreats, we also aim to support the resident staff who
care for those who stsy with us and do the day-to-day work of running the house., we aim to look after the grounds
and fabric of the retreat centre- and to maintain silence within the house and gardens. We aim to make retreats and
other activities accessible to all, subsidising and offering financial assistance with the cost of retreats for people for
whom the cost is too high.
Ensuring our work delivers its aims
Each year we review the successes and otherwise of the previous year's programme as we embark upon compiling
the next year's programme. After each retreat we ask relreatants to complete feedback forms, and we note
comments on our administration, facilities, the quality of teaching, and the types of retreat on offer. Our resident
staff are central to the success of our centre, so they have regular supervision sessions from department managers
which provide opportunities for feedback from them. The Teacher Council members provide advice and feedback on
our strategic development. the quality of the programme and the quality of Ihe environment offered by our buildings
and grounds. Trustees, teachers, the director and staff work closely together to ensure that our aclivities are aligned
with our objects and thal we comply with the Charity Commission's guidance on public benefit.
The focus of our work
We continue to develop our meditation programme- we are working to make our offerings available to people of all
backgrounds. and lo care for our buildings and grounds. We work in a way that embodies our ethical principles,
based on compassion and non-harming. Alongside the intention lo enhance wellbeing we bring into the instruction
of meditation an awareness of our impact upon others by taking care to lessen our environmental impact.
We aim to offer a balanced residential Retreat Programme that caters for those new to meditation as well as those
who are more experienced. Residenlial retreatants are normally accommodated in a range of single, double and
dormitory style rooms. One wing of the house is set aside for individuals to come on self-directed meditation retreats
of one week or more whilst receiving instruclion from our teacher in residence. We also offer a variety of online and
livestreamod relreats.

GAIA HOUSE TRUST
TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT AND STRATEGIC REPORT)
(CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
We are committed to enhancing our offering and making It more widely available to a more diverse population and
moving our events online has contributed lo Ihis significantly. Gaia House has a Diversity and Inclusion Working
Group that explores the ways we might pul up uninlenlional barriers to people who may benefit from what Gaia
House offers. This working group has developed resources and explored training opportunities to raise our
collective awareness of prejudice and privilege, and ways that unconscious communication and action might leave
people excluded from our offerings.
We support new teachers by inviting them to lead short retreats as well as worklng alongslde experienced teachers
on longer retreats. This ensures that there are sufficient teachers available to lead retreats and provide us with
support in the longer term.
In addition to our policies and procedures that help to safeguard vulnerable adults who might come to Gala House,
our induction and training offers staff and teachers support in taking appropriate care of everyone who visits as well
as our responsibilities to prevent and respond to safeguarding issues.
We use a variety of media to communicate with those who use our se￿l¢eS to ensure that their needs are fflet and
that they have a sense of being well looked-afler. Our website is regulaTly updated and contains clear information
about our prices and the subsidies we offer in order to support Ihose for whom slandard prices are too high. We use
email newsletters and social media alongside our website to ensure that Ihose who wish to keep in louch with our
offerings and activities are kept up to date during the year. We publish our yearly programme on our web51te in two
parts. the first quarter is published in the summer of the preceding year and the remainder of Ihe programme in
autumn. We circulate a printed programme to our mailing lisl, and on request, to other meditation centres and
ffleditation silling groups in the UK.
We continue to maintsin the Grade 2 listed building. which we occupy. and manage the grounds using organic
gardening methods.
Our leam of resident staff play a key role in supporting those who stay at Gaia Holfse on retreat and taking care of
the building. We provide them with a support package to ensure that they are able to live and work here whilst still
finding it a rewarding and fulfilling experience that contributes to their own well-being.
In accordance with the tradition of insight meditation our teachers offer their services free of charge. At the end of
retreats the retreatants are invited to make donations to the teachers to help them with their living costs. This helps
us keep our prices low whilst still being able to offer retreals led by experienGed and well-known teachers.
Public benèfit
The trustees have paid du8 regard to guidance issued by the Charity Commission in deciding what aGtiviti6S the
charity should undertake.
Significant Aclivities
In 2024, our in-person group retreats at Gaia House retufned to pre-pandemic booking levels with most retreats fully
booked (though without the length of waiting lists we used to soe}.
The varied programme of online retreats and evenls throughout the year ha5 evolved and become more integrated
with our in-person retreats. This has expanded to include a very popular, free, daily morning Meditation, This
together with a number of similady free online lalks has built a stable online practice community. In-person retreats
still provide most of the charity's income, however, our online events now bring in a significant part of our income -
allowing us to make more of our offerings financially accessible to all. We are largely at capacity with the number of
people we can accommodate at our premises in West Ogwell, so the potential for growth in now online and a
growing le8m of slaff are developing this further. Online events significantly conlribule to our intentions to b8
universally accessible, bolh physically and financially. They also offer flexibilily in the formats of delivery Ihal can be
explored. Outside of the conlext of a silent ret￿at environment, lalks, discussion and other interactive modalities
are now being offered.

GAIA HOUSE TRUST
TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT AND STRATEGIC REPORT)
(CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Developing the house and grounds
We added another polytunnel and installed an electricity supply to the wallèd garden to allow lighting and heat pads
to exlend Ihe growing season.
We construGted 8 covered work and storage area for maintenance activities which has freed up storage areas in the
house.
Wé paint6d the dining room and trealed all the dining tab18s as well as d8ep cleaning the meditation hall and
Denbury Wing.
We started a process of replacing and upgrading bedding and mattresses throughout the house.
Developing our Human Resources
In 2024 we recruited a new, part-lime Online Support role to help grow our online events programme.
otherwise, our non-residential staff team has remained unchanged in 2024.
Developing our technological resources
A complete redesign of our website has been a significant project in 2024. This is progressing well and should
launch in 2025.
We have been steadily replacing old computers ready for the ending of support for Windows 10 in 2025.
We have invested in upgraded security for our email systems.
Maintaining financial stability and resourcing our future plans
2024 was a year of consolidation after the disruption of the covid pandemic. The prO￿sS of recovery began in 2023,
bul we ended that year wilh reserves still below our larget Sevel. In 2024 we budgeted for a larger surplus to restore
our reserves and ended up ahead of budget due to strong online bookings and fundraising.
Due to our healthy position at the end of 2024, we have been able to plan for projects in 2025 which will reduce our
energy use and carbon footprint going forwards. These include installing PV panels, connecting the Hermitage
bathrooms to the biomass boiler and removing Ihe electric showers in that wing.
Thanks to a grant from the Hemera Foundation we have been able to plan for Family Retreats in 2025 and 2026.
These retreats are popular and provide a unique opportunity for parents and children to benefit form our offering.
However, they are expensive to run and bring in less income than our regular retreats. The grant will fully cover the
extra expenses and loss of income.
How our activities dellver public bonofit
The main activities in support of our charitable objeclives are described in earlier sections of this report. Information
about the number of people who have attended our programme and the firiancial support with costs that they have
received is delailed in the section on "Achievement and Performance" below.
Volunteers
Gala House is supported throughout the year by Ihe dedicated work of a community of volunteers who help to take
carg of the running of the house, and maintenance of its grounds. During 2024 volunteers offered 1,216 hours of
service at Gaia House and 34 volunteer days of support to the online programme.

GAIA HOUSE TRUST
TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT AND STRATEGIC REPORT)
(CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Strateglc report
Th6 description under the headlngs "Achievements and performance" and 'Financial review" meet the company law
requirements for the trusteos to present a strategic report.
Achievements and performance
Charitable activltles
Key facts (figures in brackets relate to 2023):
39 {39) in-house residential group retreats from 1 to 28 days long were attended by 1784 (1693)
people for a total of 8827182031 nights.
238 (198) people stayed on personal retreat for a total of 4014 (3450) nights.
47 (36) online events were attended by 384712261) people.
The charit￿S Financial Assistance and Bursaries Fund made grants of £105.941 (£98,202) to 465 (4281
retreatants.
This includes £20,850 (£20.135) to 75(68) young people.
And £13,710 (£12,469) to help 193{167) people to pay our lower supported rates.
Our charitable activities are also described in the sections on 'Focus of our work. and 'Significant Activities..
General Data Protection Regulation {GDPR)
In line with our commitment to best practice around data proteclion, we continue to meet the requirements of the
GDPR which came into effect in May 2018 across all areas of Gaia House including the newly offered online
8ctivities. We will continue to review and monitor in this area.
Fundralsing aclivities
Thanks to the generosity of our supporters, in 2024 we raised £249.206 from individual donors and regular givers.
The highlight of the fundraising year was our end-of year Greening Appeal, which focused on reducing Gaia
House's carbon footprint by raising money to install a new roof with solar panels on our Garden Wing.
There was a steady increase in the number of supporters making monthly donations to Gaia House. The number of
monthly donors increased by 41 in 2024.
Investment Performance
Investments are held in Epworth Investment Managemenl Company and were valued at £92,677 on the 31
December 2024 (2023. £85,002) an increase of £7,675.
Financial review
Financial Position
The charity made a surplus in 2024 of £298,415 compared with a surplus in 2023 of £171,575.
Total incoming resources in 2024 were £1,366,290 compared to £1.152,109 in 2023.
Retreat income in 2024 was £1,014,750 compared to £875,128 in 2023.
Expenditure in 2024 was £1.072.825 compared to £987,410 in 2023.

GAIA HOUSE TRUST
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT AND STRATEGIC REPORT)
{CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Reserves Pollcy
Definition of reserrfes
Reserves are that part of a charity's unrestricted fuhds that is freely available to spend on any of the charity's
purposes. Gaia House Trust's reserves are calculated as total funds less the value of fixed assels, restricted and
designated funds.
All the Trust's fixed assets (such as buildings and equipmenl) are essenlial to the running of the charity, so their
value is excluded from the calculation of reserves.
Reason for holding reserves
Gaia House Trust holds reseNes primarily to insulate against unexpected variations in income or expenditure. The
Trust considers an event that disrupts the running of our residential retreat cenlre to be the most significant risk to
our financial stability.
Target reserves
The Trust aims to hold reserves equal to budgeled expenditure for the following six months.
Following our experience during the covid-19 disruptions of 2020-1 the Trust considers Ihis level of reserves
suITicient to allow us to continue operating following a disruption to our residential retreats and give us time to
fundraise and pivot to alternative activities such as online events.
Reporting of reserves
The current level of reserves should be reported lo the Trust by the Finance Manager at every Trust and Finance
and General Purposes (F&GP) committee meeting.
Actions to take if target is missed
The Trust should consider the level of reserves when planning for future income and expenditure. There are several
actions the Trust can take to impacl future incomelexpenditure and hence rese￿es. These include making changes
to-
Retreat pricés
Financial Assistance and Bursaries Fund allocations
Budgets for development projects
Reviewlng policy
The policy should be revlewed yearly during the Trust meeting that coincidgs With the AGM.
Current Roserves
Reserves at 31112124 stood at £663,439 compared to our target of £570,000.
Wo have set a budget for 2025 which aims to reduce our reseNes through Ihe following measures..
Running four residential Dana retreats which don't require a booking fee.
Increasing support offered through the Financial Assistan￿ and Bursaries Fund.
Increased infrastructure investment.

GAIA HOUSE TRUST
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT AND STRATEGIC REPORT)
(CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
RestrlctedlDeslgnated Funds
Family Retreal Fund.. £45,200
This will be used to subsidise the runnlng of Family Retreats in 2025 and 2026,
Green Development Fund,. £15,000
Donations given to improve energy efficiency and reduce environméntal impact of our operations. £12.000 is
budgeted for 2025 to install PV panels.
Save Water Fund.. £20,200
Historical fundraising for water and energy efficiency projecls. This will be spent in 2025 on improvement to the
Hermitage showers and hot water system.
Cyclical maintenan￿ Fund- £57,062
We budget £20,000 per year for high-value, low-frequency maintenance projecls. The Cyclical maintenan￿ Fund
will increase or decrease depending on whether actual spending is more or less than this. £46,000 is budgeted for
2025 to replace Ihe Garden Wing roof.
Investment policy and objectives
We have, in line wilh our ethical principles, chosen to invest with Epworth Investment Management Company and in
2024 they yielded dividends of£2,725 (2023 £4,132).
Risk management
The truslees have assessed the major risks to which the charity is exposed and are satisfied thal there are systems
are in place lo mitigale exposure to the major risks.
The Gaia House risk register is reviewed annually by the Trust. It is also updated as required in response to new
events or changes in legislation which need lo be reflected and managed by Gaia House. Appropriate actions are
taken lo minimise the impact ol risks to acceptable levels, whilst taking into account the size of our organisation.
Plans forfuture periods
Our work to make what we offer more universally accessible, both financially and culturally has bome fruit. and
continues to be developed.
We have arranged a number of retreats for 2025 that are being offered purely on the basis of people's generosity,
and if this goes well it may be extended further. Dharma teachings are always freely offered on the basis of mutual
gener051ty by the teachers, but additional income from our online programme and the generosity of our community
is now allowing us to sustsin the running costs of some retreats this way also. Gaia House would like to continue to
extend this model. This emphasis not only embraces and nurtures a culture of generosity, which is very much in-
line with the meditation teachings Gaia House promotes, but additionally. makes events that ar8 offered on a 'Dana'
or generosityldonalion basis accessible to anyone, no matter their financial circumstances.
Our continulng commitment to diversity and inclusion has developed in our communlcations practices, training and
policy developmenl. We continLte a programme of trainlng to support greater awareness and sensitivity within our
team for supportlng p80ple with a range of different identities.
Our Community Dharma Leaders programme is tralning a diverse range of students, preparing them to support
meditation leaching and practice in their local and identity communities, The first graduates should complete in
September 2025.

GAIA HOUSE TRUST
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT AND STRATEGIC REPORT)
(CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
structuré* govèrnance and managemont
Governing document
Gaia Hous8 Trust is a company limit6d by guarantee, and registered as a charity in 1990. The company was
established under a Memorandum of Association which established the objects and powers of the charitable
ompany, and is governed under Its Articles ofAssociation.
The trustees, who are also the dlrectors for the purpose of company law, and who seNed during the year and up to
the date of signature of the financial statements were:
T Blanch
A Lacey
H Higginson
P Sutherfand
P Stevenson
A Rodogovsky
S Alyce
J Hodder
V Murphy
(Resigned 10 March 2025)
(Appointed 23 September 2024)
(Appointed 5 December 20241
Recruitment and appointment of new trustees
All trustees give their time voluntarily and receive no benefits from the charity. Expenses are reGlaimed by some.
and this is noted in the accounts.
The Trust continues to develop, recruiting people with a diversity of perspeclive and breadth of social location, skills
and professional experience amongst its members. New trustees are recruited via Gaia House's email newsletter,
the website and by personal approaches. It is important for trustees to have an understanding of and sympalhy with
the work of the charity. so it is normally necessary for potential trustees to have attended retreats at Gaia House
before Ihey can be seriously considered for this role.
Organlsatlonal Structure and Declslon Making
The Trust, consisting of 9 trustees at 3111212024, develop the strategic direction and policies for the charity wilh tho
support of a Strategic Steering Group comprised or experienced Trustees, Senior Slaff and represenlatives from Ihe
Teacher Council. This body has representation across the organisation to ensure recommendations and decisions
are joined up and grounded in practicable logistics. The Director also attends the Trust meetings along with other
slaff as appropriate. The Trusl prefers to make decisions based on consensus, allowing individual views and
concerns on particular issues to be addressed as thoroughly as possible. The Trust met three times in 2024.
The Finance and General Purposes Commiltee met three limes during 2024. This group has a quorum of three
Trustees, is also attended by the director and makes operational and strategic recommendations to the Trust.
The Gaia House Teacher Council continues to offer the essential role of offering expert advice to the board of
trustees. The Teacher Council offer guidan￿ on how the Dharma (the leachings of the Buddha) is best offered and
by whom at Gaia House. This operates through the Strategic Steering Group, representation at Trust meetings and
a system of Committees that include teachers and trustees, supported by relevant staff members.
Membership of our Commlttoes that support a range of operational areas comprlses at least one Truslee and one
Teacher, the Director and other management staff support as appropriate. Specific areas covered by Committees
and Working Groups are Programme Planning, Relreatant Financial Supportl Financial Assistance and Bursaries
Fund, Retreal Environment, Communications, Diversity & Inclusion and Strategic Steering.
Day to day responsibility for opprations is delegated to the Director, supported by the Operalions Lead, Staff
Support Teacher and a team of 6 department managers (Finance, Development, Programme, Malntenance,
Communications and Kitchen & Garden,) as well as 9 other non-residential staff, and the team of 8 resident staff.

GAIA HOUSE TRUST
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT AND STRATEGIC REPORT)
(CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Thè Director's responsibility covets the following operation81 areas:
To help tha Trust to develop its short-term survlval strategy as well as its longer-term vision.
To deliver an effe¢llve programme of online 8nd In-house activities in consultation wlth representatives of the
Teacher Council.
To develop a strategy for the long-temi suslainability and development of Gaia Housa bullding, minimising its
carbon footprint as much as is practicable.
To ensure that staff and volunteers achieve their full potential by means of mentoring, support and relevant
training.
To implement effective fund-ralsing and marketing strategles.
To oversee financial and resource planning and to ensure compliance with relevant legislation and regulation.
To develop as an organisation that challenges prejudi￿ and ignorance of all kinds, including being actively anti-
racist in support of the Trust's commitment to diversity, eqLtality and inclusion.
• To ensure that retreats are culturally and financially accessible to all.
Induction and training of new trustees
Attendance on retreats over a number of years is an effective introduction to the work of the charity- New trustees
follow an induction programme that includes spending time with staff in order to become fully familiar wÈth the work
of Gaia House. They now altend Iwo Trust meetings as provisional trustees in order to gain a thorough
understanding of their roles and responsibilities. This gives the Trust an opportunity to assess the applicant's
suitability for the role and gives the applicant an opportunity to understand the role they are applying for. New
trustees are formally appointed only after they have successfully completed the recruitment process. We welcome
requests to join the Gaia House Trust through our website.
Wider network
Gaia House has links with a wide network of mindfulness and meditation organisations throughout the UK. Through
ils teachers it maintains close links with Mindfulness Programmes at Oxford, Exeter and Bangor universities as well
as Bodhi College and similar centres such as Sharpham Trust. Via its website, Gaia House also facililates
networking between meditation sitting groups throughout the UK.
Gaia House also operates within a western Iradition of Insight Meditation centres, and links are maintained wlth
similar centres in the USA and Europe- the Insight Meditation Society in Barre, Massachusetts- Spirit Rock in
Califomia; Dharmagiri in South Africa,. and Ihe Beatenberg Centre in Swi12eriand.
Related parties
Any related party inlerests are declared by trustees and other participants in meetings. None of our trustees recelve
remuneration or other benefits from their work as trustees other than the reimbursement of expenses.
All new members of Trust, Ils Committees and Advisory and Working Groups are made aware of the Charity
Commission guidance and definition of related party interests and the need to declare any interest eilher at Ihe start
of a meeting or when an item becomes relevant to make a declarallon. Depending on the item appropriate action Is
then taken regarding that item and the trustee's involvement.
Auditor
In accordance wilh the company's articles, a resolution proposing that Streets Audit LLP be reappointed as auditor
ofthe company will be put al a General Meeting.

GAIA HOUSE TRUST
TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT AND STRATEGIC REPORT)
(CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
The trustees, annual report was approved and signed on behalf of the board of trustees by:
T Blanch
Trustea
13 July 2025

GAIA HOUSE TRUST
STATEMENT OF TRUSTEES. RESPONSIBILITIES
FOR THE YEAR ENDED 31 DECEMBER 2024
Tha trustees, who ara also the directors of Gaia House Trust for th6 purposa of company law, are responsible for
preparing the Trustees, Report and the financial statements in accordance with appli¢able18w and United Kingdom
Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the trustees to prepare flnanclal statements for each financlal year which give a true and f8ir
view of the state of affairs of the charily and of the incoming resources and application of resources, including the
income and expenditure, of the charitable company for that year.
In preparing these financial statements. Ihe trustees are required to:
select suitable accounting policies and then apply them consistently.
observe Ihe methods and principles in the Charities SORP.
make judgements and estimates that are reasonable and prudenl.,
state whether applicable UK Accounting Slandards have been followed. subject to any material departures
disclosed and explained in the financial statements., and
prepare the finanGial statements on the going concem basis unless it is inappropriate to presume that the charity
will continue in operation.
The trustees ar8 responsible for keeping adequate accounting records that disclose with reasonable accuracy at
any time the financial position of the charity and enable them to ensure that the financial statements comply with the
Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking
reasonable steps for the prevention and detection of fraud and other t￿egulaTities.
10-

GAIA HOUSE TRUST
INDEPENDENT AUDITOR'S REPORT
TO THE TRUSTEES OF GAIA HOUSE TRUST
Oplnlon
We have audited the financial statements of Gaia House Trust (the 'charity'l for the year ended 31 Decembér 2024
which comprise the statement of financial activities, the balance sheet, the statement of cash fiows and noles to th6
financial statements, Including significant accounting policies. The financial reporting framework that has been
applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial
Reporting Slandard 102 The Financial Reporting Standard applicable in the UK and Republlc of Ireland (Unlted
Kingdom Generally Accepted Accounting Practice}.
In our opinion, the financial statements:
give a true and fair view of the state of the charitable companls affairs as at 31 December 2024 and of its
incoming resources and application of resources, for the year then ended.
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice.
and
have been prepared in accordance with the requirements of the Companies Act 2006.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing {UK) {ISAs (UK)) and applicable
law. Our responsibililies under those standards are further described in Ihe Audilors responsibilities ftjr the audil of
the financial statements section of our report. We are independent of the charity in accordance with the ethical
requirements that are relevant to our audit of the financial statements in the UK. including the FRC'S Ethical
Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe
that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the trustees, use of the going concern basis of
accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or
conditions that, individually or collectively, may cast significant doubt on the charity's ability lo continue as a going
concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the
relevant sections of this report.
Other Informatlon
The other information comprises the informalion included in the annual report other than the financial statements
and our auditor's report thereon. The trustees are responsible for the other infomiation conlained within Ihe annual
report. Our opinion on the financial statements does not cover the other infomiation and we do not express any fomi
of assurance conclusion thereon. Our responsibility is to read the other informalion and, in doing so, consider
whether the other infomiation is materially inconsistent with the financial statements or our knowledge obtained in
the course of the audit, or othe￿iSe appears to be materially misstated. If we identrfy such material inconsistencies
or apparent material missiatements, we are required to determine whether this gives rise to a material misstatemenl
in the financial slatements themselves. If, based on the work we have performed, we conclude that there is a
material misstatement of this other information, we are required to report that faot.
We have nothing to report in this regard.
Matters on whlch we are required to report by ex¢eptlon
We have nothing to report in respect of the following matters in relation to whlch the Charitles (Accounts and
Reports) Regulations 2008 requires us to report to you if. in our opinion..
the information glven in the financial statements is inconsistent in any material respect with the trustees,
report,. or
sufficient accounting records have not begri kept., or
the financial statements are not in agreement with the accounting records. or
we have not recelved all the information and explanations we require for our audit.
11

GAIA HOUSE TRUST
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE TRUSTEES OF GAIA HOUSE TRUST
Responslbllities of truste68
As explained more fully in the statement of trustees, rasponslbllities, Ihe trustees, who are also the directors of the
charity for the purpose of company law, are responsible for the preparation of Ihe financial slalements and for b81ng
satisfied that they giv6 a Irue and fair view, and for such internal control as the trustees determine is necessary to
enable the preparation of financial slalements that are free from material misstatemenl, whether due to fraud or
error. In preparing the financial stalements, the trustees are responsible for assessing the charity's ability to
continue as a going concein, disclosing, as applicable, matters relaled lo going concern and using the going
concern basis of accounting unless the trustees either Intend to liquidate the charitable company or to cease
operations, or have no reallstic alternative but to do so.
Audltorfs responsibilltles for the audit of thè flnanclal slaternents
We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with the
Act and relevant regulations made or having effect thereunder.
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from
material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion.
Reasonable assurance is a high level of assurance but is not a guarantee Ihat an audit conducted in accordance
with ISAS (UK) will always detect a material misststement when it exists. Misstatements can arise from fraud or
error and are considered material if. individually or in the aggregate, they could reasonably be expected to influence
the economic decisions of users taken on the basis of these financial statements.
The extent to which our procedures are capable of detecting irregularities. including fraud. is detailed below.
We obtained an understanding of the legal and regulatory frameworks applicable to the charity and the sector in
which it operates. We identify the areas of those legal and regulatory frameworks which could reasonably be
expecled to have a material effect on the financial statements. based on our experience and through discussion
with the director.
We assessed compliance with these laws and regulations through enquiry with the director. and review of Ihe
company's intemal reporting with respect to compliance with laws and regulations.
We assessed the susceptibility of the charity's financial statements to material misstatement, including how fraud
might occur. In addressing the risk of fraud including in relation to revenue recognilion and management overyide of
controls. we have performed journals testing based on a set of risk criteria and tested journals to supporting
docum8ntation where applicable. Audit procedures also included detailed transactional tesling with a particular
focus on the year-end cut off procedures.
Because of the inherent limilalions of an audit, there is a risk that we will not detect all irregularities, including those
leading to a material misstatement in the financial statements or non-compliance with regulalion. This risk increases
the more that compliance with a law or regulation is removed from the events and transactions reflected in the
financial statements. as we will be less likely to become aware of instances of non-compliance. The risk is also
greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment,
forgery, collusion, omission, or misrepresentation.
A further descriplion of our responsibillties is available on the Financial Reporting Council's website at: https:11
www.frc.org.uklauditorsresponsibilit16s. This description forms part of our auditor's report.
Use of our report
This report is made solely to th6 charity's trustees, as a body, in accordance wlth Part 4 of the Charities (Accounts
and Reports) Regulations 2008. Our audit work has been undertaken so that we might stale to thg charity's trustees
Ihose matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent
permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity's
trustees as a body, for our audit work, for this report, or for the opinions we have formed.
12-

GAIA HOUSE TRUST
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE TRUSTEES OF GAIA HOUSE TRUST
Shane Cann FCCA CTA
For and on behalf of Streets Audit LLP, Statutory Auditor
Tower House
Lucy Tower Street
Lincoln
Lincolnshira
LN11XW
13 July 2025
streets Audit LLP is eligible for appointment as auditor of the charity by virtue of its eligibility for appointment as
auditor of a company under section 1212 of the Companies Act 2006.
13-

GAIA HOUSE TRUST
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2024
Unrestricted Restricted
funds
funds
2024
2024
Total Unroslricted Restricted
funds
funds
2023
2023
Total
2024
2023
Notes
Income from:
Donations and legacies
Charitable activities
Investments
272,840
1,023.106
13.748
55,085
327,925
1,511 1,024,617
13,748
223,715
882,762
8,589
34.546
2,497
258,261
885,259
8,589
Tolal Income
1,309,694
56.596 1,366,290
1,115,066
37.043 1.152.109
Expenditure on"
Raising funds
Charitable activities
Other expenditure
228
1,060,961
228
11,636 1,072,597
240
912,505
779
240
986,391
779
73,886
13
Totsl expenditure
1.061.189
11.636 1,072,825
913.524
73,886
987.410
Nel gainsl(losses} on
investments
14
4,950
4,950
6,876
6,876
Net income and movement in
funds
253.455
44,960
298,415
208,418
(36,843)
171,575
Reconctliation of funds:
Fund balances at 1 January
2024
1,390,201
35.440 1,425.641
1,181.783
72,283 1,254,066
Fund balances at 31
Decèmber 2024
1.643,656
80,400 1.724,056
1.390.201
35,440 1.425.641
The statement of financial activities indudes all galns and losses recognised In Ihe year. All income and expendilure
derive from continuing activities.
14-

GAIA HOUSE TRUST
BALANCE SHEET
AS AT 31 DECEMBER 2024
2024
2023
Notes
Fixed assels
Intangible assets
Tangible assets
Investments
16
17
18
3,839
919,316
92,677
938,897
85,002
1.015,832
1,023,899
Current assets
Debtors
Cash at bank and in hand
19
43,209
965,149
35.663
658,097
1,008.358
693,760
Creditors: amount5 falling due within
one year
20
(300.134)
(292,018)
Net current assets
708,224
401,742
Total assets less current liabilities
1,724,056
1,425,641
The funds of the charity
Restricted income funds
Unrestricted funds
22
23
80.400
1.643.656
35,440
1,390,201
1,724,056
1,425,641
The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act
2006. for the year ended 31 December 2024.
The directors acknowledge their responsibilities for complying with the requirements of th8 Companies Act 2006
with respect to accounting records and the preparalion of financial statements.
The members have not required the company to obtain an audit of its financial statements under the requirements
of the Companies Act 2006, for the year in question in accordance with section 476.
These financial statements have been prepared In accordance with the provisions applicable to companies subject
to the small companies regime.
The financial statements were approved by tho trust885 on 13 July 2025
T Blanch
Trustee
Company registration number 02459323 (England and Wales)
15-

GAIA HOUSE TRUST
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 DECEMBER 2024
2024
2023
Notes
Cash flows from operating activltles
Cash generated from operations
27
313,979
282,756
Investing activitlos
Purchase of intangible assets
Purchase of tangible fixed assets
Purchase of investments
Proceeds from disposal of investments
Investment income received
(3.839)
(14,111)
(2.725)
(8.502)
(4,1321
110.282
8,589
13,748
Net cash (used in)Igenerated from investing
actlvlties
{6.927)
106,237
Financing activities
Repaymenl of borrowings
19,451)
Net cash used in financing activities
{9.451)
Net increase in cash and cash equivalents
307.052
379,542
Cash and cash equivalents al beginning of year
658.097
278,555
Cash and cash equivalents at end of year
965,149
658.097
16-

GAIA HOUSE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Accounting policios
Charity information
Gaia House Trust is a private company limited by guarantee incorporated in England and Wales. The
registered office is Gaia House, West Ogwell, Newion Abbot, Devon, TQ12 6EW.
1.1 Accounting convention
The financial statements have been prepared in accordance with the charity's governing document, the
Companies Act 2006 and °Accounling and Reporting by Charities: Statement of Recommended Practice
applicable to charities preparing their accounts in accordance with the Financial Reporting Slandafd
applicable in the UK and Republic of Ireland {FRS 102}. (as amended for accounting periods commencing
from 1 January 2016). The charily is a Public Benefit Entity as defined by FRS 102.
The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary
amounts in these financial slatements are rounded lo Ihe nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting
policies adopted are set out below.
1.2 Going concern
Al the time of approving the financial statements, the trustees have a reasonable expectation that the charity
has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees
continue to adopt the going concern basis of accounting in preparing the financial statefflents.
1.3 Charitable funds
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable
objectives.
Restricted funds are subject to specific condilions by donors or grantors as to how they may be used. The
purposes and uses of the restricted funds are set out in the notes to the financial statements.
Endowment funds are subject to specific conditions by donors that the capital must be maintained by the
charity.
1.4 Income
Income is recognised when the charity is legally entitled to it after any performance conditions have been met,
the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified
of the donation, unless performance conditions require deferral of th& amounl. Income tax recoverable in
relation to donations received under GiftAid or deeds of covenant is recognised at the time of the donation.
Legacies ar8 recognised on receipt or otherwise if thg charity has been notified of an ifflponding distribution,
the amount is known, and receipt is expected. If Ihe amount is not known, the legacy is treated as a
contingenl assel.
1.5 Expenditure
Expenditure is r8cognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which
cannot be fully recovered, and is classified under headings of the statement of finanGial activities to which it
relates..
Expenditure on raising funds includes the costs of all fundraising activities, events, non-charilable
trading aclivities and the sale of donaled goods.
17-

GAIA HOUSE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Accountlng poll¢le$
(Continued)
Expenditure on charitable activities includes all costs incurred by the charity in undertaking activities
that further its charitable aims for the benefit of its beneficiaries, including thos6 support costs and
costs relating to th6 governance of th6 charity apportioned to the charitable activilies.
Other expendlture Includes all expenditure that is neither related to raising funds for the charity nor
part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct cots attributable to a
single activity are allocated directly to that activity. Shared costs are apportioned between the activities they
contribute to on a reasonable, justifiable and consistent basis.
1.6 Research and development expenditure
Research expenditure is written off againsl profits in the year in which it is incurred. Identifiable development
expenditure is capitalised to the extent that the technical, commercial and financial feasibility can be
demonstrated.
1.7 Intangible fixed assets other than goodwill
Intangible assets acquired separalely from a business are recognised at cost and are subsequenuy measured
at cost less accumulated amortisation and accumulaled impairment losses.
Intangible assets acquired on business combinations are recognised separalely from goodwill at the
acquisition date where it is probable that the expected future economic benefits that are attributable to the
asset will flow to the entity and the fair value of ihe asset can be measured reliably; the intangible asset arises
from conlfactual or other legal rights; and the intangible asset is separable from the entity.
Amortlsation is recognised so as to write off the cost or valuation of assets less their residual values over their
useful lives on the following bases-
Development costs
33.3 % straight line
1.8 Tangible fixed asset5
Tangible fixed assets are initially measured at cost and subsequently measured at G05t or valuation, net of
depreciation and any impairment losses.
Depreciation is recognised so as to writo off Ihe cost or valuatlon of assets less their residual values over their
useful lives on the following bases:
Freehold land and buildings
Plant and equipment
Motor vehicles
1 Q/0 Straight line
200/0 reducing balance
25 /(J slraight line
The gain or loss arising on the disposal of an asset is determlned as the difference belween the sale proc06ds
and the carrying value of the asset, and is recognised in the statement of financial activities.
1.9 Flxed asset Investments
Fixed asset investments are initially measured at transaction price excluding transaction costs. and are
subsequently measured at fair value at each reporting date. Changes in fair value are recognised in net
incomel(expenditure) for the year. Transaction costs are expensed as incurred.
18-

GAIA HOUSE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Accountlng pollclos
(Continued)
1.10 Impairment of fixed assets
At each reporting end dale, the charity reviews the carrying amounts of its tangible and intangible assets to
determine whether there is any indication Ihal those assets have suffered an impairment loss. If any such
indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the
impairment loss (if any).
1.11 Cash and cash equlvalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid
investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown
within borrowings in current liabilities.
1.12 Financial Instruments
The charity has elected to apply the provisions of Section 11 'Basic Financial Instruments, and Section 12
'Other Financial Inslrumenls Issues, of FRS 102 to all of its financial instruments.
Financial instruments are ￿CogniSed in the charity's balance sheet when the charity becomes party to the
contractual provisions of the instrument.
Financial assets and liabilities are offsel, with the nel amounts presented in the financial statements, when
there is a legally enforceable right to set off the recognised amounts and there is an intenlion to sellle on a net
basis or to realise the asset and settle Ihe liability simultaneously.
Basic linancial assets
Basic financial assets. which include debtors and cash and bank balances. are initially measured at
Iransaction price including transaction costs and are subsequently carried at amortised cosl using the effeclive
interest method unless the arrangement constitutes a financing transaction, where the transaction is
measured at the present value of the future receipts discounted at a market rate of interest. Financial assels
lassified as receivable within one year are not amortised.
Basic financial liabilities
Basic financial liabilities, induding creditors and bank loans are initially recognised at transaction price unless
the arrangement constitutes a financing transaction, where the debt instrument is measured at the present
value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable
within one year are not amortised.
Debt instruments are subsequently carried at amortised cost. using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of
operations from suppliers. Amounts payable are dassified as current liabilities if payment is due within one
year or less. If not. they are presented as non-current liabilities. Trade creditors are recognised initially at
transaction price and subsequently measured at amortised cost using the effective interest method.
Derecognltlon of financial liabllltles
Financial liabilities are derecognised when the charity's contractU81 obligations expire or are discharged or
cancelled.
1.13 Employee benefits
The cost of any unused holiday entitlement is recognised in the period in which the 8mployee's services are
received.
Termlnation benefits are recognlsed immediately as an expense when the charity is demonstrably committed
to lerminate the employment of an employee or to provlde termination benefits.
19-

GAIA HOUSE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Accounting policies
(Contlnued)
1.14 Rètlrement benefits
Payments to defined contrlbulion retirement benefit schemes are charged as an expense as they fall due.
Crltlcal accounting estimates and Judgements
In the application of the charity's accounting policies. Ihe trLSStees are required to make Judgements, estlmates
and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other
sources. The eslimates and associated assumptions are based on historical experience and other factors that
are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting
estimates are recognised in the period in which the estimate is revised where the revision affects only that
period, or in the period of the revision and future periods where the revision affects both current and future
periods.
Income from donatlons and legacies
Unrestri¢ted Restricted
funds
funds
2024
2024
Total Unrestrlcted Restricted
funds
funds
2023
2023
Total
2024
2023
Donations and gifts
Grants
272.840
9,885
45.200
282,725
45,200
223,565
150
34,546
258,111
150
272,840
55,085
327,925
223,715
34,546
258.261
Income from charitable activities
Unrestricted ReslTiCted
funds
funds
2024
2024
Total Unrestricted Restri¢ted
funds
funds
2023
2023
Total
2024
2023
Charitable actlvltles
Retreat income - personal
and online
Retreat income - groups
Book sales
Administration fee income
Miscellaneous income
342,148
672,602
342,148
672,602
295,679
579,449
150
5,929
1.555
295,679
579.449
150
5,929
4,052
6,627
1.729
6,627
3,240
1,511
2,497
1,023,106
1,511 1,024,617
882,762
2,497
885,259
-20-

GAIA HOUSE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED>
FOR THE YEAR ENDED 31 DECEMBER 2024
In¢ome from investments
Unrastricted Unrèstricted
funds
funds
2024
2023
Income from listed investménts
Interest receivable
2,725
11.023
4,132
4,457
13,748
8,589
Expenditure on raising funds
Unrestricted Unrestrioted
funds
funds
2024
2023
Fundraising and publicity
Other fundraising costs
228
240
21

GAIA HOUSE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Expenditure on charltablo actlvltles
Charitable
activities
2024
Charitable
activities
2023
Direct costs
staff costs
Rales, water & insurance
Food costs
Kitchen costs
Household costs
530.326
79,346
111,725
6.904
32,226
495,859
79,318
95,152
5,969
24,645
k li
Garden costs
General maintenance costs
Direct and offsite retreat costs
Teacher costs
IT & office costs
Travel and vehicle costs
Publicity, newsletter and communications
Book purchases
other charitable expenditure
3,952
36.081
2.549
16,636
14,091
18.771
11.719
60
12,325
7,105
21,128
2,039
17.634
11,834
16,102
16,378
150
6,667
876,711
799.980
Grant funding of activities (see note 8)
105,941
98,202
Share of support and governance costs (see note 9)
Support
Govemance
80,223
9,722
79.453
8.756
1,072.597
986,391
Analysis by fund
Unrestricted funds
Restricted funds
1.060,961
11,636
912,505
73,886
1,072,597
986.391
Grants payable
Charitable
activities
2024
Charitable
actlvltles
2023
Grants to individuals
105,941
98,202
-22-

GAIA HOUSE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Support costs allocated to activities
2024
2023
Depreciation
Legal and professional fees
Telephone
Bank and credit card charges
Governance costs
33,692
1,077
2,703
42.751
9,722
36,784
3,757
3,892
35,020
8,756
89,945
88,209
Analysed between:
Charitable activities
89,945
88,209
10 Net movement in funds
2024
2023
The net rnovement in funds is stated after chargingl{crediting)'.
Fees payable for the audit of the charity's financial statements
Depreciation of owned tangible fixed assets
Loss on disposal of tangible fixed assets
8,160
33,692
8,160
36,784
779
11 Trustees
None of the trustees (or any persons connecled wilh them} received any remuneration or benefits from the
charity during the year.
12 Employees
The average monlhly number of employees during the year was:
2024
Numbor
2023
Number
Director
Administrator
Finan
IT & Communication
Building
Slaff support teacher
Retreat operations
Coordinators
Garden
Total
27
27
23-

GAIA HOUSE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
12 Employees
(Continued)
Employment costs
2024
2023
Wages and salaries
Other pension costs
511,576
18,750
479,106
16,753
530,326
495,859
There were no employees whose annual remuneration was more than £60,000.
Remuneration of key management personnel
The remuneration of key management personnel wa5 as follows..
2024
2023
Aggregate compensation
112,497
134,094
13 Other expenditure
Unrestricted Unrestricted
funds
funds
2024
2023
Net loss on disposal of tangible fixed assets
779
14 Gains and losses on investments
Unr8stri¢ted Unrestricted
funds
funds
2024
2023
G8insl{losses) arlsing on..
Revaluation of inveslments
4.950
6,876
15 Taxatlon
The charity Is exempt from tax on income and gains falling within secllon 505 of the Taxes Act 1988 or section
252 of Ihe Taxation of Chargeable Gains Act 1992 to Ihe exlent that these are applied to its charitable objects.
-24-

GAIA HOUSE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
16 Intanglblo fixed assets
D6velopmènt
osts
Cost
At 1 January 2024
Additions - separately acquired
3,839
At 31 December 2024
3.839
Amortisation and impairment
Al 1 January 2024 and 31 December 2024
Carrying amount
At 31 December 2024
3,839
At 31 December 2023
Intangible Fixed Assets comprise a website being built by an external supplier for the charity. Amortisation has
nol been provided as the asset is incomplete at the reporting date. In future years, the charity will amortise the
website over its useful life.
17 Tangible fixed assets
Freehold land
and buildings
Plant and
equipment
Motor
vehi¢le$
Total
Cost
At 1 January 2024
Additions
971,227
4,478
299,402
9,630
12.523 1,283,152
14,108
At 31 December 2024
975,705
309,032
12,523 1,297.260
Depreciation and Impairment
Al 1 January 2024
Depreciation charggd in the year
116,247
15,463
217.259
17,602
10,746
627
344,252
33,692
At 31 December 2024
131,710
234,861
11.373
377,944
Carrying amount
At 31 December 2024
843,995
74,171
1,150
919.316
At 31 December 2023
854,979
82.142
1,776
938,897
Freehold land and buildings are held at cost less accumulated depreciation, although the Trustees are of the
opinion that Ihe markel value of freehold property is significantly in excess of the book value. The Trustees
have opted not to revalue freehold land and buildings to avoid the necesslty and cost of then having to
undertake valuallons on a regular basi5 by a professionally qualified valuer as required by th8 Charities SORP
{FRS102>.
-25-

GAIA HOUSE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
18 Flxed asset investments
Llsted
invastments
Cost or valuation
At 1 January 2024
Additions
Valuation changès
85,002
2,725
4.950
At 31 December 2024
92,677
Carrying amount
Al 31 December 2024
92.677
At 31 De￿mber 2023
85,002
19 Debtors
2024
2023
Amounts falling due within one year:
Trade debtors
other debtors
Prepayments and accrued income
4,037
20,745
18,427
16,801
18.862
43.209
35,663
20 Creditors: amounts falllng due wlthln one year
2024
2023
Other taxalion and social security
Payments received on account
Trade credilors
Other creditors
AccTuals and deferred income
8,644
155,320
42.570
74.226
19.374
7.639
194.542
40.588
25,209
24,040
300,134
292,018
21 Retlrement benefit schemes
2024
2023
Deflned contrlbulion schemes
Charge to profit or loss in respect of defined contribution schemes
18.750
16,753
The charity operates 8 defined contribution pension scheme for all qualifying employees. The assets of the
scheme are held separately from those of Ihe charity in an independenlly administered fund.
-26-

GAIA HOUSE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
22 Restricled funds
The reslricled funds of the charity comprise the unexpended balances of donations and grants held on trust
subject to specific conditions by donors as to how thoy may be us6d.
At 1 January
2024
Incoming
resources
Resources
expended
At31
December
2024
Green environment devélopment
Save water project
Finance assistance and bursaries fund
Family retreat fund
eBike appeal
15.000
20,201
15,000
20,200
(1)
{11,396)
11,396
45,200
45.200
239
{239)
35,440
56,596
(11,6361
80.400
Previous year:
At 1 January
2023
Incoming
resources
Resources
expended
At31
December
2023
Green environment development
Save water project
Finance assistance and bursaries fund
eBike appeal
15,000
670
21,373
15,000
20,201
19.531
52.476
276
(73,849)
137)
239
72,283
37.043
(73,886)
35,440
23 Unrestricled funds
The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are
not subject to specific conditions by donors and grantors as to how they may be used. These include
designated funds which have been set aside out of unreslricted funds by the trustees for specific purposes.
At 1 January
2024
Incomlng
resources
Resources
expondod
Transfers
Gains and
losses
At31
December
2024
General fund
Building cyclical
maintenance
fund
1,345,602
1,309,694
(1.061,189)
{12.463)
4.950
1,586,594
44,599
12,463
57,062
1,390.201
1,309,694
11,061,189)
4,950
1,643,656
-27-

GAIA HOUSE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
23 Unrestrlcted funds
{Contlnued)
Prevlous year: At 1 January
2023
Incoming
resources
Resourcès
expended
Transfers
Galns and
losses
At31
December
2023
General fund
Building cyclical
maintenan
fund
1,157,184
1,115,066
(913,524)
(20,000)
6,876
1,345.602
24,599
20,000
44,599
1,181,783
1,115,066
1913,524)
6,876
1.390,201
24 Analysis of net assels between funds
Unrestricted
funds
2024
Restricted
funds
2024
Total
2024
At 31 December 2024:
Intangible fixed assets
Tangible assets
Investments
Current assetsl{liabilities}
3,839
919,316
92.677
627,824
3,839
919.316
92,677
708,224
80,400
1,643.656
80.400
1,724.056
Unrestricted
funds
2023
Restricted
funds
2023
Total
2023
At 31 December 2023:
Tangible assets
Investments
Currenl asselsl{liabililies)
938,897
85,002
366,302
938,897
85,002
401.742
35,440
1,390.201
35.440
1,425,641
25 Flnanclal commltmentsi guarantees and conllngent Ilabllltles
At 31 December 2024 there is a contingent liability in Ihe amount of £30,000. This amount represents a
donation that was made under the lerms that it will become repayable should the property from which the
charity operates ceases to be used for Ihe primary charitable purpose. The Trustees consider this lo be
unlikely and, as such, do not feel that a provision is necessary.
28-

GAIA HOUSE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
26 Related party transactlons
There were no dlsclosable related paty transactions during the year olher than reimbursed travel expenses.
{2023 - none). A total amount of £437 (2023: £4571 was reimbursed to two trustees for travel expenses for
attendance at Trust66 Mèetings during the year.
27 Cash generated from operations
2024
2023
Surplus for the year
298,415
171,575
Adjustments for:
Investment income recognised in statement of financial activities
(Gain)Aoss on disposal of tangible fixed assets
Fair value gains and losses on investments
Depreciation and impairment of tangible fixed assets
(13,7481
18,589)
779
(6,8761
36,784
14,950)
33,692
Movements in working capital:
(Increase) in debtors
Increase in creditors
{7,5461
8.116
11,809)
90,892
Cash generated from operations
313,979
282,756
28 Analysis of changes in net funds
The charily had no material debt during the year.
-29-