Charliv regtstyothn number: SC006883 TRIRATNA GLASGOW TRusfEES' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 A&A Accountlng Urnlted 1037 5auchlehall Street Glasgow G3 Trz
Triratna Glasgow Contents P•ga Tru5tees' Report Independent Examlnevs Report Ststement of nrsanclal Athvl Starement of Finandal P05iilon Notes to the Financial Statements The following pages do not form part of the stsbjtory accounts.. Detaikd Statement of nancIal ActNities
Triratna Glasgow Trustees, Report For The Year Ended 31 March 2025 The trustees present thelr port and the fiThanoal ststements for the year ended 31 March 2025. Objecthies and Artlvltles Alms arbd ObJe¢tlves The oblett of the A5soclatlon Is the advancement of the Buddhlst prnctlce, in particular bv.. 1.1 Encouraglng member5 and others to Ilve In accordan wlth the teachlngs of the 8udt1ha,' 1.2 Supporting ordained members of the Triratnè Buddhist Order, at the dlscretlon of the Coundl of the AssoclatloTh; 1.3 Maintaining c105e cornmunlcèt¢on with and worklng under the gUIdae of the Trfr4tn• Buddhlst Order arsd Sn aJ- operdtlon with other groups wlth the same objects,. 1.4 Uslng applicaUons or the Buddha's teachlng to promote the h1th and well-belng cf all. Publlc BeTrlt To follow the prjnciples and practices of Buddhlsrn. teachin9 mindfulness, medltaUon and Buddh15rn ¢L75ses, weekly Dhami rtlght classes. run weekend day fe5tivèls. and w0shopS by vlsltlng teacher5. The irustee5 eonfim) that they have complled wlth the requlremerbts of Secilon 17 of the Charltyes Act 2011 to have due regard to the Charlty Commlsslons guSdance on public benefit. Ref•rnnc• •nd Admlnl#tratlv• D•t•ll$ Trustees mr44a14# L)Onxl d All Ms Hilary Barclay Ms Anne Mcmillon Mr Ross MacKay Ms Sarah Nixon (appointed 1310712024) Ms Margaret Graeber Ms Wendy Cl6rk lappolnted 13107120241 Ms Jennlfer Jones Ch•rtty Numb•r SC006B83 Prlnclpal Addrw Glasgow Buddhlst Centre 2 Wood51de Crescent Gl3¥0 G3 7UL Independent Exarnlner A&A AccountSng Umlted Page I
Trlratna Glasgow Trustees. Report (continued) For The Year Ended 31 March 2025 The trustees. report was a roved b the board of trustees and slgned on Its behall by: Ms Hilary Bartlay Trusttt 2910312026 Page 2
Trlratna Glasgow Independent Examlner's Report to the Trustees of Trlratna Glasgow For The Year Ended 31 March 2025 I report to the trustees on my examlnation of the ac£ounts of Trlratna Glasgow {the Trust) for the year ended 31 March 2025. Responslbllltles 4nd Basls of Report As the thority irustees of the Trust you are responsible for the preparauon of the accounts In accordantt with the requirements of the Charities Act 2011 fthe Att'l. I ¥eport In rESPECt of my examlnation of the Trust's accounts carrled out under sertlon 145 of the 2011 Act and In carylng out rny exominallon, I have followed the appll¢able Dlrectlons glveft by the Charity CommSssion under 5e¢tlon 145(5llbl of the Art. Independent ExamInea Statement I have completed my examlnatlon. I conflrm that no material matters have come to my attenvon In connertton wlth the examination givlng me cause to believe that In any rnaterial respect.. l. accounting records were net kept in respect of the Trust as qUIred by section 130 of the Act. or 2. the accounts do not accord wlth those records,. or 3. the accounts do not comply with the applicable requirements contrrning the fomi and connts of accounts set out In the Charities (Accounts and Reports) Regulatlon$ 2008 other than any requirement that the accounts give a 'true and falr vlew, whlch Is not a matter considered as part of an Independent exominatloTr. I have no concerns and have corne across no other rnattefs In connection with the exarnSnaJon to whSch attentlon Should be drawn In thls report In order to enable o proper understandlng of the accounts to be reached. A&A Accountlng Umited 2910312026 Paqe 3
Trlratna Glasgow statement of Financial Activities For The Year Ended 31 March 2025 2025 Unrestrlcted Unrestrlrted funds funds 2024 Not•s INCOME AND ENDOWMENTS FROM: Donations and legacies other tTrding athvityes ITrvestrnents 44,399 5,505 61,686 41,407 44.655 111,590 86,062 EXPENDrnIRE ON: Raislng funds {105,723) (66,455) NET INCOME 5,867 19,607 NET MOVEMENT IN FUNDS 5,867 19,607 RECOMCfUATION OF FUNDS: Totsl funds brought forward 900,503 880,896 TOTAL FUNDS CARRIED FORWARD 15 906,370 900.503 The notes on pages 6 to 9 fom part of these finandal statements. Pag¢ 4
Trlratna Glasgow statement of Financial Posltlon As At 31 March 2025 2025 2024 Unrestrlrted funds Total funds Notes FIXED ASSETS Tangible Assets 12 680.000 425.000 680,000 425,000 CURRENT ASSErs Investments Cash at bank and In hand 13 16,000 211,450 400,000 75.503 227,450 475,503 Credltots: Amounts F•lllng Due Wlthln One Ye•r 14 (1.0801 NET CURRENT A5sEfs (LXABILrriES) 226,370 475.503 TOTAL A55Efs LES5 CURRENT UABILMES 906,370 900.503 NET A55Ers 906.370 900,503 FUNDS OF THE CHARir Unrestrirted Fund5 906.370 900,503 TOTAL FUNDS 906,370 900,503 On behalf of the board Ms Hilory Barday Trustee 2910312026 The note5 on pJges 6 to 9 fom) part ot these flnandal ststements. Page 5
Trlratna Glasgow Notes to the Financial Statements For The Year Ended 31 March 2025 l. General Infonnat]on Triratna Glasgow is an unincorporated charity registered with the Charity Commlssion, reg1sted charity number SC006883. The prlnclpal address Is G1è5gow Buddhlst Centre, 2 Woodslde cstent, Glasgow, G3 7UL. 2. Accountlng Pollcles 2.1. B&#ls Of Preparatlon of Flnanclal Ststém¢nts The financlal staternents have been prepared in accordantt wlth the Charfties SORP IFRS 1021 'Attountyng and Reportin9 by Chanties: Staternent of Recornrnended Practice appllcable to chanties preparing their accounts In ccordance with the Financial Reporting Standard applicable In the UK and Republlc of Ireland IFRS 1021 leffertlve I January 20191" Finanoal Reporting Stsndard 102 'The Financial Reporting stsndard applicable in the UK and Republic of Ireland" and the Charitie5 Act 2011. The thadty Is a Publlc Benefit Entlty as deflned by FRS 102. 2.2. T•nglble Flxed Assets and DepretlalloTh Tangible fixed assets are measured at cost less accumulated depretiation and any accumulated lrnpalrment 10$5es. Depreciation Is provided at rates calculated to ¥Yrite eff the cost of the fixed a$set5, le55 their estimated residual value, over their expected useful lives on the followlng base5'. FreÈhold 0% 2.3. Cash and Cash Equlvalents Cash and cash equlvalents are baslc flnandal assets and Indude cash In hand and deposlts held èt rall wlth banks, other short-terrn highly liquid investrnents that mature in no rnore than three months from the date of acquisition and are readily Convertib to a knosyn arnount of cash with Inslgnlficant risk of change in value. and bank overdrafts. 3. Income from Donatlons and Leg•des 2025 2024 Unr¢strlct¢d Unrestrlcted funds funds Donauons and glfts Gift ald 38,968 5.431 35,752 5.655 44.399 41,407 4. Incom* from Other Tr•dlng Artlvltl 2025 2024 Unrestrlcted Unrertrlrtod fund8 funds Fundralslw events 5,505 5. Invo•tm•nt Incom• 2025 2024 Unrestrlct•d Unr•strl¢ted fun Inter¥t frgm Investments Aents received from Investment propertles 34,998 26,688 19.049 25.606 61,686 44.65S Page 6
Trlratna Glasgow Notes to the Financlal Statements (continued) For The Year Ended 31 March 2025 6. Net Incomel{Expendlturn) The nel Incorne Is ststed after charyingllcreditlngl: 2025 2024 Research and developments costs 1.296 1.188 7. Analys1 ol Expendltur• 2025 Actlvlti ndertaken dlrectly Support 15ee note 81 Totsl Raising fvnds 18,797 86,926 105.723 2024 ActJvltle5 undertake dlredly Support (see note 8) Total Raising fvnd$ 16,059 50.396 66.455 8. Support Colts 2025 Ralslng fvnds Employee cosrs General admirkistradon 34,596 52,330 86,926 2024 Ralsln9 funds Employee General admlnistravon 43.189 7.207 50,396 9. Indep•ndent Extnln•r'J R¢muneratl•n 2025 2024 Independent ex)rnlnaUon of the flnanclal statements 1,080 Page 7
Trlratna Glasgow Notes to the Flnanclal Statements (contlnued) For The Year Ended 31 March 2025 ID. Staff Costs Staff costs were as follows: 2025 2024 Wage5 and sahdes Social serity costs 31.872 969 24.963 3,780 32,841 28.743 No employees recelved employee beneflts lexduding employer penslon costs) for the reportyng perlod of more than £60,000. 11. Avernge Number ot Employees Average number of ernployees durfng the year wa5.. 112024.. 11 12. T•nglble Assets Land & Property Freehold Colt As at l Aprfl 2024 Add¢bons 425,000 255,000 As at 31 March 2025 6BO.OOD Net Book Vatue As at 31 March 202S 680.000 As at l Aprll 2024 425,000 13. Curr•nt As*•t Xn¥¢stments 2025 2024 Unllsted Invesbrents 16,000 400.000 14. Cvedltors: Am?unts F•lllng Due W1th5n One Year 2025 2024 Trnde ¢rtdltors 1,080 P)ge 8
Triratna Glasgow Notes to the Financial Statements (contlnued) For The Year Ended 31 March 2025 15. Movement In Fund As at l AprFI 2024 As•t31 Expendlture March 2025 Income Unrtstrlrted fund General: General unrestrfcted fvnd 900.503 111,590 1105,7231 906,370 Total funds 900,503 111.590 1105.723) 906.370 As at l Aprll 2023 Asat31 Exp•ndltyr¢ March 1024 Unrestrlcted fund GÈneral.' General unrestrtcted fuThd 880.896 86.062 166,4551 900,503 Total fund¥ 880.896 86,062 166,4551 900,503 16. Tr•nMrtlons wlth Trurtees Durfjng the year the expenses relrnbursed to the trustees or pald dlredly to thlrd porties were as follows: 2025 2024 17. Related Party DIKIosu Page 9
Trlratna Glasgow Detalled Statement of Financial Activitles For The Year Ended 31 March 2025 2025 2024 Totsl fund• Total funds INCOME AND ENDOWMENTS FROM: Donatlon and legacle5 Donatlons and 911ts Donations from indlviduals Gifts in kind Admissions 32,4Ql 5.218 2B.913 5,068 418 1,349 5,431 1,353 5,655 Glft ald 44,399 41,407 Other trdln9 actlvltlÈ¥ Fundrnislng events 5,505 5,505 Investments RenrÈl Income from Investrnent property Interest from other current asset investments- unlisted 26.68B 34,998 25,606 19,049 61,686 44,655 111,590 86.062 EXPENDITURE ON: Ralslng fund# Prerni5es costs Support and admlnSstratlon costs Research and development cost5 Wages and salarie5 trnployers NI Stsff trainlng Trdvel and subsistettce expenses Repair5, renewals and malntenan IThsurance Prfntlng, Isge and ststlonery Advertising and marketing costs Training semlnar5 and workshops Telecornmunicatlons ènd data costs IndepenLlent examlnerfs fees Legal fees Bank charges Charitable donatlons Sundry expenses Sundry type A 116.019} 11.482} 11.296) 131,8721 19691 11,7551 114,8711 11,1881 124.9631 13.780) 114,4461 11.3491 16861 15391 18151 11.163) 17011 127.3Q21 11,5161 (1.576} {1,8371 11,2291 11,080) 116.2611 {1861 19351 13) 140SI 1270) {Isoi 11,S341 1105.7231 {66.455) 1105,7231 166,4551 Nrf INCOME 5.867 19,607 Page lo
Trlratna Glasgow Detalled Statement of Finonclal Actlvltles (contlnued) For The Year Ended 31 March 2025 Page 11