Company registered number: N1640489 Charity registered number: NIC106141 BLACK MOUNTAIN ZEN CENTRE (Private company limited by guarantee wlthout share capital} TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Tony Clarke 53 Andersonstown Road Belf ast BTII 9AG
BLACK MOUNTAIN ZEN CENTRE CONTENTS PAGE Reference and administrative details of the charity Trustees, Annual Report (Incorporating the Director's Report) Independent Examiner Report Statement of Financial Activities Balance Sheet 10 Notes to the Financial Statements 11-16
BIACK MOUNTAIN ZEN CENTRE (Private company limited by guarantee without share capital) TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Reference and administrative details of the charity STRUCTURE, GOVERNANCE AND MANAGEMENT The charity is controlled by its governing document, a Memorandum and Articles of Association, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006. The company was incorporated on 30 August 2016 and registered with the Charity Commission for Northern Ireland on 5 June 2017. REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number N1640489 Registered Charity number NIC106141 Registered off ice 165 Donegall Pass Belfast Northern Ireland BT7 IDT CHAIRPERSON Paul Mccrory TRUSTEES Paul Haller Michael O'Keefe Paul Mccrory Frank Liddy Richard Hall Jean Gallagher Jonathan Nixon Steve Williamson Clare McFadden Paul Tohill Mary Price Resigned on 15 April 2025 INDEPENDENT EXAMINER Tony Clarke 53 Andersontown Road Belfast BTII 9AG
BLACK MOUNTAIN ZEN CENTRE (Private company limited by guarantee without share capital) TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Reference and administrative detai15 of the charity The Trustees present their annual report together with the financial statements of the company for the 01 April 2024 to 31 March 2025. The financial statements have been prepared in accordance with the accounting policies set out in note I to the financial statements and comply with the company's governing document, the Companie5 Act 2006 and Accounting and Reporting by Charities.. Statement of Recommended Practices applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 1021" las amended for accounting periods commencing from l January 20191 Structure, Governance and Trustees Black Mountain Zen Centre which is registered as a charity with the Charity Commission for Northern Ireland, was incorporated as a company limited by guarantee in Northern Ireland, registration number N1640489. The Personnel The current board of directors for Black Mountain Zen Centre has changed from the previous trustees, report. The board of directors consists of directors from the previous year which are: Paul Haller, Jean Gallagher, Clare McFadden, Paul Tohill, Mary Price, Jonathan Nixon, Frank Liddy, Steve Williamson, Richard Hall and Paul Mccrory. Michael O'Keefe has resigned from the board. Clare McFadden took up a new role as secretary. Mary Price has resumed her role as chairperson of the board, Paul Mccrory has continued in his role as treasurer. The board would like to extend our sincere thanks and gratitude to Michael O'Keefe for his dedicated oartiClDation and valuable contributions durinq his lonq tenure on the board. Chairs, Statement: On behalf of the BMZC Board, I wish to express our deep appreciation and 8ratitude to our Guiding Teacher, Ryushin Paul Haller, and our Resident Teacher, Myogan Djinn Gallagher. I thankthem for their commitment to Black Mountain Zen Centre, and for their time and energy and the countless ways they have supported the Sangha during the year. There can be no doubt that the support Paul and Djinn have provided, over many years, has guaranteed the survival of the Centre as a place of practice of Soto Zen Buddhism in Northern Ireland and beyond. l am deeply grateful to our Treasurer, Paul Mccrory, who has provided judicious support to the Board this year and continues to work on our behalf to ensure that BMZC remains in a financially healthy position. Sincere thanks also to the Sangha, members, supporters and volunteers, to our online doans and members of our in-person doanryo. Finally, I would like to acknowledge and thank all our Board members for their commitment to the work of the Board and for their attendance and contributions to Board meetings. The Board met on four occasions throughout the year.
BLACK MOUNTAIN ZEN CENTRE (Private company limited by Euarantee without Share capital) TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Trustees, Annual Report (Incorporating the Director's Report> continued... Chairs, Staternent (continued) We had three resignations- from our Vice-chair Adam Murray, long-time members Michael O'Keefe, and Margaret Mulholland. We sincerely thank each of them for their contribution to the Board and BMZC over many years. At our first meeting in October 2024, Clare McFadden was elected as Company Secretary to replace Steve Williamson. An exciting development this year has been our participation in an envisioning process that will result in a Development Strategy to underpin BMZC'S growth and sustainability into the future. Board, Sangha members, and the wider community took part in the process that was guided by Esther Haller-clarke of Hal ler-clarke Hurson. I wou Id like to take th is opportu nity to sincerely thank Esther for guiding us through the envisioning proce55. We expect the Development Strategy document to be available and distributed in the very near future. Our well-established in-person and online activities have continued throughout the year. Daily zazen, our Book Study Group, Friday Well-being Ceremony and Sharing Circle, regular one-day sittings, yoga for sitters, workshops and classes by our Guiding Teacher, Ryushin Paul Haller, and bi-annual sesshins have all been well attended. New, additional offerings that have received good support include Wednesday evening in- person zazen, a Precepts study group, a Rakusu sewing group, and Oryoki meals during regular all-day sittings. In May 2025, three Sangha members received Jukai or lay ordination from their teacher, Rev Myogan Djinn Gallagher. During the year approximately 40 people attended our Sunday morning Introduction to Zazen. Our Journey: BMZC is pleased to continue to offer both online and in-person sittings as well as workshops and classes. It must be noted, however, that this would not be possible without the efforts of Djinn Gallagher, our Resident Teacher, who has put in much time and effort to facilitate the online and in-person community with whom we now practice daily. BMZC continues to offer group sittings, workshops and retreats on a dana basis and we would like to take this opportunity to also thank our sangha for their donations towards the centre and its teachers. Guiding Teacher Ryushin Paul Haller Roshi has continued to serve as our Guiding Teacher, and he has the deep appreciation of the board for fulfilling this Vital role. Paul has been the guiding light for us and for Zen practice as a whole in N. Ireland since he first brought Zen to his home place in the year 2000. His vision for what would ultimately become possible, his tirele55 devotion to visiting twice every year, leading sesshins, workshops, and sittings and giving dharma talks, and his calm guidance and raised eyebrow are all ultimately responsible for ensuring we have all come such a lon way since those earlv days. Paul led both our sesshins the past year in Tobar Mhuire Retreat and Conference Centre, Crossgar and Ards Friary, Creeslough. We would like to once again extend our thanks for his teachings in addition to the various online classes and workshops that Paul ha5 offered to his students and fellow sangha members at Black Mountain Zen Centre.
BLACK MOUNTAIN ZEN CENTRE (Private company limited by guarantee without share capital) TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Trustees, Annual Report (Incorporating the Director's Report) continued... Centre Management: Sincere thanks to Rev Djinn Gallagher for her continued residency at BMZC; for her dedication to Buddhist practice and the development of our local and wider Sangha. The full range of BMZC offerings continues to be successfully communicated via our website, Instagram and Facebook. BMZC continues to be registered and compliant with the Charity Commission for Northern Ireland and is a member of the Northern Ireland Council for Voluntary Action (NICVA), a membership and representative body for the voluntary and community sector in Nl. Six new rnembership application5 were received during the year and approved by the Board. There are currently 40 members who make monthly donations towards the running of the Centre. We rely on these donations to cover the cost of rent, utilities, equipment and other Website, Social Media and Onllne Giving The Board wishes to express our deep thanks for all those involved with the maintenance and work on the BMZC website. BMZC continues to offer teachings to our sangha through platforms such as Zoom, Soundcloud and Vimeo. Charity Commission for N. Ireland BMZC continues to be registered and compliant with the Charity Commission for Northern Ireland. Our Charity number Is 106141, Company number N1640489. Finance, Gift Aid and Fundraising The Board wishes to express gratitude to our Treasurer, Paul Mccrory, and our accountants, Tony Clarke and Colleen Doherty, for their assistance during the past year. All accounts and confirmation statements were filed with Companies House. All tax returns were filed with HMRC, and rate exemptions were secured from Land & Property Services. The Annual accounts have been prepared by our accountants based on bank statements and spreadsheets prepared by the Treasurer and are available separately from this report. BMZC also expresses deep gratitude to our sangha for their generosity and support in the form of time and donations- to our sangha both home and afar, our deepest bows. BMZC is a charity organization which relies on the concept of dana to provide offerings, classes and teachings. These donations enable BMZC to build a reserve of funds to fall back on in addition to allowing BMZC to plan and grow in the years forthcoming. Lastly, the board would like to express our ongoing thanks to all our members who submit application forms, set up their standing orders or agreed cash donations, and who continue to contribute to the centre. Thank you.
BLACK MOUNTAIN ZEN CENTRE IPrivate company limited by guarantee without share capital) TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Trustees, Annual Report (Incorporating the Director's Report) continued.,. Going Concern After making appropriate enquiries, the trustees have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. For this reason they continue to adopt the going concern basis in preparing the financial statement5, Further details regarding the adoption of the going concern basis can be found in the Accounting Policies. Financial Review The results for the year ended 31 March 2025 are set out on pages 9 and 10 of the financial statements. The total income for the year ended 31 March 2025 amounted to £56,112 (2024: £51,823 } The total expenditure was £51,920(2024: £64,215) The Trustees consider that the unrestricted funds of the charity is sufficient and adequate to fulfil their obligations. The charity held £75,117 in reserves at the year end {2024.. £70,925}. Reserves Policy The income of the Company is considered adequate and the risks associated with any significant reduction in income is regarded as unlikely. The Trustees are satisfied with the current level of reserves at the present time. The Trustees are reviewing the Reserves Policy in the current year.
BLACK MOUNTAIN ZEN CENTRE IPrivate company limited by guarantee without share capital) TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Trustees, Annual Report {Incorporating the Director's Report) continued... Trustees, responsibilities statement The Trustees (who are also directors of Black Mountain Zen Centre for the purposes of company law) are responsible for preparing the Trustees, report and the financial statements in accordance with applicable law and United Kingdom Accounting Standard (United Kingdom Generally Accepted Accounting Practice). Company law requires the trustees to prepare financial statements for each financial year. Under company law the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the income resources and application of resources, including the income and expenditue of the charitable company for that period, In preparing these financial statements, the Trustees are required to., select suitable accounting policies and then apply them consistently observe the methods and principles in the Charities SORP,. make judgments and accounting estimates that are reasonable and prudent. prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in operation. The Trustees are responsible for keeping adequate accountin8 records that are sufficient to show and explain the charitable company's transaction and disclose with reasonable accuracy at any time the financial position of the charitable company and the enable them to ensure that the financial statements comply with the Companies Act 2019, They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. This report was approved by the Trustees, on . and signed on behalf by: Paul Mccrory Trustee
BLACK MOUNTAIN ZEN CENTRE (Private company limited by guarantee without share capital) TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF BLACK MOUNTAIN ZEN CENTRE I report on the financial statements of the company for the year ended 31 March 2025 which are set out on pages 9 and 10. Respective responsibilities of trustees and examiner The trustees, who are also the directors of the company for the purpose of company law) are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006. Having satisfied myself that the company is not subject to audit under company law, and is eligible for Independent examination it is my responsibility to: examine the accounts under section 65 of the Charities Act follow the procedures laid down by the general Directions given by the Charity Commission for Northern Ireland under section 6519)Ibl of the Charities Act; and state whether particular matters have come to my attention. Basis of Independent Examiner's report I have examined your charity accounts as required under section 65 of the Charities Act and my examination was carried out in accordance with the general directions given by the Charity Commission for Northern Ireland under section 6519llbl of the Charities Act. My examination included a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It was also included consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as charity trustees concerning any such matters. My role is to state whether any material matters have come to my attention givin8 us cause to believe: That accounting records were not kept in accordance with section 386 of the Companies Act 2006 That the accounts do not accord with those accounting records Thatthe accounts do not comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Charities Statement of Recommended Practice applicable to charities preparing the accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland That there is further information needed for a proper understanding of the accounts to be reached Independent examiner's statement I have completed my examination and have no concerns in respect of the matters {11 to141 listed above and, in connection with following the directions of the Charity Commission for Northern Ireland, I have found no matters that require drawing to your attention. la} which gives me reasonable cause to believe that in any material respect the requirements; lil to keep accounting records in accordance with section 386 of the Companies Act 2006; and
BLACK MOUNTAIN ZEN CENTRE IPrivate company limited by guarantee without share capital) TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF BLACK MOUNTAIN ZEN CENTRE CONTINUED... {iil to prepare financial statements which accord with the accounting records, comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Cha rities: have not been met or; (bl to which, in my opinion, attention should be drawn in order to enable a proper understanding of the financial statements to be reached. ony Clarke 53 Andersonstown Road Belfast BTII 9AG Date:
BLACK MOUNTAIN ZEN CENTRE (Private company limited by guarantee without share capital) TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 STATEMENT OF FINANCIAL ACTIVITIES INCORPORATING THE INCOME AND EXPENDITURE ACCOUNT Year to Unrestrbcted Restricted 31-Mar-25 Funds Funds TOTAL Year to 31-Mar-24 TOTAL Note Income from: Donations and Legacies Charitable Activities 1,944 54,168 1,944 54,168 3,000 48,823 Total Income 56,112 56,112 51,823 Expenditure on: Charitable Activities 51,920 51,920 64,215 Total Expenditure: 51,920 51,920 64,215 Net income/(expenditure) 4,192 4,192 (12,392) Transfers between funds Net movement in funds 4,192 12,392 Reconclllatlon of funds Total funds brought forward 12 70,925 70,925 83,317 Total Funds carrled forward 11 75,117 75,117 70,925 The statement of financial activities includes all gains and losses recognised in the year. All incoming resources and resources expended derive from continuing activities. The statement of financial activitie5 also complies Wlth the requirernents for an income and expenditure account under the Companies Act 2006. The notes on page 11 to 16 form an integral part of these accounts
BLACK MOUNTAIN ZEN CENTRE (Private company limited by guarantee without share capital) TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 BALANCE SHEET As at 31 March 2025 Note Fixed Assets Tangible Assets Current A55ets Debtors Cash at bank 75,537 75,537 71,285 71,285 Liabilities Cred itors.. arnoun¢5 falllng due wlthin one year 10 (420 360 Net Current Assets 75,117 70,925 Net assets 75,117 70,925 Funds Restricted Unrestricted 75,117 70,925 TOTAL FUNDS 11 75,117 70,925 The com pany is entitled to the exemption from the audit requirement conta ined in section 477 of the Companies Act 2006, for the year ended 31 March 2025. The trustees acknowledge their responsibilities for ensuring that the charity keeps accounting records which comply with section 386 of the Act and for preparing financial statements wh ich give a true and fair view of the state of affairs of the company as at the end of the financial yea r a nd of its incoming resou rces and appl ication of resources, including its income and expend iture, for the f inancial year in accordance with the requirements of sections 394 and 395 and which otherwise comply with the requirements of the Compa nies Act 2006 relating to financial statements, so far as applicable to the company. The members have not required the company to obtain an audit of its financia I statements for the year in question in accorda nce with section 476. These financial statements have been prepared in accorda nce with the provisions applicable to companies subject to the small companies regime. The financial statements were approved by the board directors on on their behalf by: and were signed Paul Mccrory Trustee The notes on page 11 to 16 form and integral part of these accounts 10
BLACK MOUNTAIN ZEN CENTRE (Private company limited by guarantee without share capital) TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 NOTES TO THE ACCOUNTS l Accounting policles Charity information Black Mountain Zen Centre is a private company limited by guarantee incorporated in Northern Ireland. The registered office is.. Black Mountain Zen Centre, 165 Donegall Pass, Belfast, Northern Ireland, BT7 IDT 1.1 Accounting convention The accounts have been prepared in accordance 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 Standard applicable in the UK and Republic of Ireland IFRS 1021" las amended for accounting periods commencing from l January 20191. The charity is a Public Benefit Entity as defined by FRS 102. The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin I not to prepare a Statement of Cash Flows. The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £. The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below. 1.2 Going concern At 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 statements. 1.3 Charitable funds Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives unless the funds have been designated for other purposes. Restricted funds are subject to specific conditions by donors as to how they may be used. 1.4 Incoming resources 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. 11
BLACK MOUNTAIN ZEN CENTRE IPrivate company limited by guarantee without share capital) TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 NOTES TO THE ACCOUNTS CONTINUED... 1.4 Incorning resources (continued) 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 the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods and Services provided in the normal course of business, net of discounts, VAT and other sales related taxes. 1.5 Resources expended Liabilities a re recognised as expenditu re as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measure reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. The charity is below the charity audit threshold and therefore is exempt from reporting expenditure on an activity basis. The charity has opted to report by the nature of expenditure rather than on a n activity basis. 1.6 Tangible flxed assets Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Depreciation is recognised so as to write off the cost or valuation of a55ets less their residual values over their useful lives on the following bases.. Fixtures and Fitti ngs ISYO on cost Computers 200/0 on cost 1.7 Cash and cash equivalents Cash and cash equivalents include cash in hand, deposits held at call with bank5, 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. 1.8 Financlal instruments The charity ha5 elected to apply the provisions of Section 11 'Basic Financial Instruments, and Section 12 '0ther Financial Instruments Issues, of FRS 102 to all of its financial instruments. Financial instruments are reco8nised in the charity's balance sheet when the charity becomes party to contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneou51y. 12
BLACK MOUNTAIN ZEN CENTRE (Private company limited by guarantee without share capital) TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 NOTES TO THE ACCOUNTS CONTINUED... 1.9 Basic financial assets Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement con5titute5 a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised. 1.10 Basic financial liabilbties Basic financial l ia bil ities, including creditors and bank loans are initially recogn ised 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 classified 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. 1.11 Derecognition of financial liabilities Financial liabilities are derecognised when the charity's contractual obligation5 expire or are discharged or cancelled. 1.12 Employee benefits The cost of any unused holiday entitlement Is recognised in the period in which the employee's services are received. Termination benefits are recognised immediately as an expense when the charity is demonstrably comrnitted to terminate the employment of an employee or to provide termination benefits. 1.13 Critical accounting estimates and judgements In the application of the charity's accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates 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. 13
BLACK MOUNTAIN ZEN CENTRE (Private company limited by guarantee without Share capital) TRUSTEES, REPORT AND FINANCIAL STATEMENT5 FOR THE YEAR ENDED 31 MARCH 2025 NOTES TO THE ACCOUNTS CONTINUED... 2 Incom ns and Le 2025 2024 Unrestricted Restricted Funds Funds TOTAL TOTAL BMZC Fundraiser Donations Totals 2025 1,944 1,944 1,944 1,944 3,000 3,000 Totals 2024 3,000 3 Income fr "table Activi 2025 2024 Unrestricted Restricted Funds Funds TOTAL TOTAL Workshops / Retreat General Membership Totals 2025 45,589 265 8,314 54,168 45,589 265 8,314 54,168 42,521 30 6,272 48,823 Totals 2024 48,823 48,823 4 Staff Costs and Numbers 2025 2024 Gross Wages and Salaries No employee received emoluments of more than £60,00012024.. Nil) The average monthly number of employees during the year, calculated on the basis of full time equivalents, was as follows., 2025 Number 2024 Number 5 Related art transactions There were no related party transactions during the year. 14
BLACK MOUNTAIN ZEN CENTRE (Private company limited by guarantee without Share capitall TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 NOTES TO THE ACCOUNTS CONTINUED... 6 Ex enditure 2025 2024 Charitable Activities Unrestricted Restricted Funds Funds TOTAL TOTAL Accountant Fees Advertisement Bank Charges General Expense Heat & Light Internet Membership Rent Stipend / Premises Insurance Workshops / Other Teachers Premises Totals 2025 492 288 69 492 288 69 432 53 143 561 874 129 6,983 3,333 277 40,630 10,800 64,215 688 396 6,983 1,981 388 29,835 10,800 51,920 688 396 6,983 1,981 388 29,835 10,800 51,920 Totals 2024 64,215 64,215 7 Trustees remuneration & expenses During the year, no Trustees received any remuneration 2025:£NIL12024 - £NIL}. During the year, no Trustees received any benefits in kind 2025:£NIL (2024 - £NILI. During the year, no Trustees received any reimbursement of expenses 2025:£NIL {2024 - £NILI. 8 Debtor 2025 2024 Grants Receivable Prepayments Totals 2025 9 Inde endent examiner's remuneration The independent Examiner's remuneration amounts to an Independent Examination fee of £420 12024 - £3601 15
BLACK MOUNTAIN ZEN CENTRE (Private company limited by guarantee without share capital) TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 NOTES TO THE ACCOUNTS CONTINUED... 10 Creditors: amounts falllng due within one year 2025 2024 Creditors 420 420 360 360 11 Statement of funds - current ear Balance at l April 2024 Balance at 31 March 2025 Income Expenditure Transfer in/out Restricted funds Restricted f u nds Total restrlcted funds Unrestricted funds General funds Total Unrestricted funds 70,925 70,925 56,112 56,112 151,920) (51,920) 75,117 75,117 Total of funds - current year 70,925 56,112 51,920 75,117 12 Statemen ri Balance at l April 2023 Balance at 31 March 2024 Income Expenditure Transfer in/out Total unrestricted funds Total restricted f u nds Total of funds - prior year 83,317 83,317 51,823 51,823 164,2151 (64,215) 70,925 70,925 16