2024-03-31-accounts - Triratna Glasgow

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

APPENDIX 1

OSCr	Trustees’ Annual Report for the period
	Period start date Period end date
	Day Month Year Day Month Year
	From 1 April 2023 To 31 March 2024

Office of the Scottish Charity Regulator

Reference and administration details

Charity name Triratna Glasgow Other names charity is known Glasgow Buddhist Centre by Registered charity number SC006883 Charity’s principal address

Names of the charity trustees on date of approval of Trustees’ Annual Report

Name of person Dates acted if Trustee name Office (if any) (or body) entitled to 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20

APPENDIX 1

Reference and administration details

Names of all other charity trustees during the period, if any, (for example, those who resigned part way through the financial period)

Type of governing document Trustee recruitment and appointment	Constitution dated 11 October 2015
	All trustees are either co-opted (to be appointed at AGM) or else appointed/renewed at AGM for a 2 year period.

Objectives and activities
Charitable purposes Summary of the main activities in relation to these objects
	The object of the Association is the advancement of the Buddhist practice, in particular by: 1.1Encouraging members and others to live in accordance with the teachings of the Buddha;1.2Supporting ordained members of the Triratna Buddhist Order, at the discretion of the Council of the Association;1.3 Maintaining close communication with and working under the guidance of the Triratna Buddhist Order and in co-operation with other groups with the same objects;1.4Using applications of the Buddha's teaching to promote the health and well-being of all.
	To follow the principles and practices of Buddhism, teaching mindfulness, meditation and Buddhism classes, weekly Dharma night classes, run weekend day festivals, and workshops by visiting teachers.

APPENDIX 1 Achievements and performance

Summary of the main achievements of
the charity during the financial period

During the 23/24 fiscal year we expanded the amount of events we are
running in person with a special focus on bringing in newcomers. We
spent the year actively looking at property so as to invest in a new
permanent building for our ongoing growth.
During the year there were 2 people ordained and 8 people became
mitras.
Although we moved our savings into investments, we ended the year with
more than a £19,000 surplus of income against expenditure.

Financial review

Brief statement of the charity’s policy on reserves Details of any deficit Donated facilities and services (if any)	The charity has no policy on reserves.
	We moved £250,000 from a savings account into our ethical investments with M&G. Without this, we would have a surplus of £19,608 for the year.
	We run off the generosity of many who have donated their time for such things as cleaning the Centre and creating publicity material. The majority of those teaching our classes are volunteering their time, as well.

APPENDIX 1 Other optional information

There was an accidental overpayment to of £423.26 in September 2023 which was not caught until after the end of the financial year and has therefore been written off.

Declaration

The trustees declare that they have approved the trustees’ report above.

Signed on behalf of the charity’s trustees

Signature(s) Full name(s) Position (e.g. Chair) Date

APPENDIX 1, other optional information There was an accldental overpayment I f £423.26 in Seplember 2023 which was not caught until after the end of the financial year and has therefore been written off. Declaration Thg trustoes declar& that they have approved the trustsos, r•port above. Slgnèd on behalf of the chari '$ trustees Slgnaturelsl Full namèls) Posltlon (e.g. Chalr) Dats

Enter SC No. below

APPENDIX 2

Enter charity name below

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||||||||| |---|---|---|---|---|---|---|---| |Receipts and payments accounts| |Period start date|Period end date| |For the period|Day|Month|Year|to|Day|Month|Year| |from| |1|April|2023|31|March|2024| |Section A Statement of receipts and payments| |Unrestricted|Restricted|Expendable|Permanent|Total funds|Total funds last| |endowment|endowment| |funds|funds|current period|period| |funds|funds| |to nearest £|to nearest £|to nearest £|to nearest £|to nearest £|to nearest £| |A1 Receipts| |Donations|40,054|40,054|45,646| |Legacies|-| |Grants|-| |Receipts from fundraising activities|-|2,244| |Gross trading receipts|1,353|1,353|1,332| |Income from investments other than| |land and buildings|19,049|19,049|11,017| |Rents from land & buildings|25,606|25,606|25,536| |Gross receipts from other charitable| |activities|-| |-| |A1 Sub total|86,062|-|-|-|86,062|85,775| |A2 Receipts from asset &| |investment sales| |Proceeds from sale of fixed assets|-| |Proceeds from sale of investments|-| |A2 Sub total|-|-|-|-|-|-| |Total receipts|86,062|-|-|-|86,062|85,775| |— =|—| |A3 Payments| |Expenses for fundraising activities|-| |Gross trading payments|19,881|19,881|19,966| |Investment management costs|-| |Payments relating directly to charitable| |activities|46,573|46,573|60,426| |Grants and donations|-| |Governance costs:|-| |Audit / independent examination|-| |Preparation of annual accounts|-| |Legal costs|-| |Other|-| |-| |A3 Sub total|66,454|-|-|-|66,454|80,392| |A4 Payments relating to asset and| |investment movements| |Purchases of fixed assets|-| |Purchase of investments|250,000|250,000| |A4 Sub total|250,000|-|-|-|250,000|-| |——————|Total payments|316,454|-|-|-|316,454|80,392| |Net receipts / (payments)|( 230,392)|-|-|-|( 230,392)|5,383| |A5 Transfers to / (from) funds|-| |Surplus / (deficit) for year| |——————|( 230,392)|-|-|-|( 230,392)|5,383|

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APPENDIX 2

Section B Statement of balances

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Unrestricted Expendable Permanent Total current
Categories Details funds Restricted funds endowment funds endowment funds period Total last period
to nearest £ to nearest £ to nearest £ to nearest £ to nearest £ to nearest £
B1 Cash funds Cash and bank balances at start of year
305,895 305,895 300,513
Surplus / (deficit) shown on receipts and
( 230,392) ( 230,392) 5,383
payments account
-
-
Cash and bank balances at end of year 75,503 - - - 75,503 305,896
(Agree balances with receipts and payments
account(s)) - - - - - -
Fund to which asset belongs Market valuation Last year
Details
to nearest £ to nearest £
B2 Investments M&G Charifund 355,841 150,702
M&G Charibond 57,321 4,664
Total 413,162 155,366
Current value (if
Details Fund to which asset belongs Cost (if available) available) Last year
to nearest £ to nearest £ to nearest £
B3 Other assets Land and Buildings 425,000 400,000
Furniture and Equipment 20,350 20,350
Total - 445,350 420,350
Details Fund to which liability relates Amount due Last year
to nearest £ to nearest £
B4 Liabilities 9,679
Total - 9,679
Details Fund to which liability relates Amount due (estimate) Last year
to nearest £ to nearest £
B5 Contingent liabilities
Total - -
Signed by one or two trustees Date of
on behalf of all the trustees Signature Print Name
approval
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2015-02-24-rp-accs-cs-version-excel-with-amended-cell / Statement of balances

December 2007

APPENDIX 2

Section C Notes to the Accounts

C3a Trustee remuneration
C4a Trustee expenses
C3b Trustee remuneration -
details
C1 Nature and purpose of
funds(may be stated on
analysis of funds worksheets)
C2 Grants
C4b Trustee expenses -
details
C6 Other information
C5 Transactions with
trustees and connected
persons

Individual /
institution
Number of grants
made
£
-
£
9,055
16,190
6,080
Number of
trustees
£
Transaction
amount (£)
Balance
outstanding at
period end (£)
If no expenses were paid to any charity trustee during the period then cross this box
(otherwise complete section 4b)
The funds currently in our investments (£413,162) are being held for the purpose of buying a new property as
we are currently renting rooms.
Type of activity or project supported
Nature of relationship
Nature of transaction
Total
If no remuneration was paid during the period to any charity trustee or person connected to
a trustee cross this box (otherwise complete section 3b)
Support for religious worker & leaving gift - Pasadini Brown (Wylde)
Support for religious worker & leaving gift - Harvey David Jackson
Support for religious worker & leaving gift - Dharmacarini Kuladharini
Authority under which paid

2015-02-24-rp-accs-cs-version-excel-with-amended-cell / Notes

December 2007

sc PFPENDIX2 Section B Statement of balances P•rmanorrt Ttstsl curr•nt p•rfod Tthl &P• fund• Catogorie Jnd rwjs lo nDwrÈtÈ 20&896 BIWhfvn C•th and b•nk ofyoDr 305.890 1230.3921 SurF4usi{40fi¢itl on rncelpts and èn¥ acrr¥Jni 1230,3921 7&103 C•h•md b•nk b•lAn¢••4t•nd oly••r 70,603 swr 3K441 67.321 160,702 82 Inve&bnenl¥ M&G ehAriJnd M&G Charibond Totsl 413,162 154368 all8 La And Buibjin 425,0 20.360 Furniturear Totsl 446.350 tor4MrnStÉ B4 LI1u0& 9.679 BS ConUn9•nt lthbillu toM•mt£ Tot•1 Sn•d bYOrOtrPmt4lI on b•hKtil•iith•trwtsH 8lgnatur• approval 12 Iz

APPENDIX 3 OSCR ortth Charty Re8ulator Independent examiner's report on the accounts R6port to the 'Charity name trustseslmèmbgrs of Triratna Glasgow Reglsterod Charity SC006883 number On thè accounts of the charfty for the riod Period start date Period end date 31 March Set out on pag&s (remeffltr•tolndud•th• p Rgspectivè The charity's trustees are rèsponsible for the preparation of the accounts in accordan¢e responslblllUe$ of wth the terms of the Charities and Trustee Investment {Scotlandl 2005 Act and the trustees and 8xamingr Charities Accounts Iscotlandl Regulations 2006 las amended). The charity trustees consider that the audit requirement of Regulation 10{1) (dl of the Accounts ReguEations does not apply. It is my responsibility to examine the accounts as required under section 4411) Icl of the Act and lo slate whether particular matters have come lo my attention. Basls of ind8Pgndent My examination is carried out in accordance with Regulation 11 of the 2006 Accounts examine$ Ststsment Regulations. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeks explanations ftom the trustees conceming any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and, consequentty. I do not express an audit opinion on the view given by the accounts. Independent examinges In the course of my examination, no matter has come to my attention lother than that statsment di8c108ed on the attached page"1 which gives me reasonable cause lo believe that in any material respect the requirements.. to keep accounting records in accordance with seclion 44{1) (al of the 2005 Act and Regulation 4 of the 2006 Accounts Regulation$, and to prepare accounts which accord wth the accounting records and comply wih Regulation 9 of the 2006 Accounts Regulations | have not been met. or 2. to which, in my opinion, 8ttention should be drawn in order to enable a proper Slgnèd: Namo: Rol8vant profossional quallficatlonlsl or body lif any)". Address: 'Plea6e d•lets th words in Ihe br8cke15 rfthey Oo not appty. If th8 worfs do appty, Set out Ihoso matter3 whKh have come to your attentlon on the follng page.

APPENDIX 3 ’ Independent examiner s report on the accounts V2

Independent examiner’s report on the accounts V2	Independent examiner’s report on the accounts V2
Charity name Triratna Glasgow
SC006883
Period start date Period end date
Day Month Year Day Month Year
1 April 2023 to 31 March 2024
6-8	(remember to include the page numbers of additional sheets)

Respective responsibilities of trustees and examiner	Respective responsibilities of	The charity’s trustees are responsible for the preparation of the accounts in accordance with the terms of the Charities and Trustee Investment (Scotland) 2005 Act and the Charities Accounts (Scotland) Regulations 2006 (as amended). The charity trustees consider that the audit requirement of Regulation 10(1) (d) of the Accounts Regulations does not apply. It is my responsibility to examine the accounts as required under section 44(1) (c) of the Act and to state whether particular matters have come to my attention.	The charity’s trustees are responsible for the preparation of the accounts in accordance with the terms of the Charities and Trustee Investment (Scotland) 2005 Act and the Charities Accounts (Scotland) Regulations 2006 (as amended). The charity trustees consider that the audit requirement of Regulation 10(1) (d) of the Accounts Regulations does not apply. It is my responsibility to examine the accounts as required under section 44(1) (c) of the Act and to state whether particular matters have come to my attention.
Basis of independent	Basis of independent	My examination is carried out in accordance with Regulation 11 of the 2006 Accounts
examiner’s statement		Regulations. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeks explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and, consequently, I do not express an audit opinion on the view given by the accounts.
Independent examiner’s	Independent examiner’s	In the course of my examination, no matter has come to my attention [other than that
statement		disclosed on the attached page*] 1. which gives me reasonable cause to believe that in any material respect the requirements: • to keep accounting records in accordance with section 44(1) (a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations, and • to prepare accounts which accord with the accounting records and comply with Regulation 9 of the 2006 Accounts Regulations have not been met, or 2. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Signed:			Date:
Name:
Relevant professional
qualification(s) or body
(if any):
Address:

		G51 1JZ

*Please delete the words in the brackets if they do not apply. If the words do apply, set out those matters which have come to your attention on the following page.

APPENDIX 3 Disclosure section

Only complete if the examiner needs to highlight material problems.

Give here brief details of any items that the examiner wishes to disclose