2025-04-30-accounts

Scottish Charity No. $C032776

Dhanakosa Trust

TRUSTEES’ REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED

307TH APRIL 2025

Dickson Middleton Chartered Accountants www.dicksonmiddleton.co.uk The UK 200 Group Practising Chartered Accountants

Dhanakosa Trust

Contents

	Page
Report of the Trustees	1-5
Auditors’ report	6-9
Statement of Financial Activities	10
Balance sheet	11
Statement of Cash Flows	12
Notestothefinancialstatements	13-21

Dhanakosa Trust

Report of the Trustees for the year ended 30" April 2025

The trustees have pleasure in presenting their annual report, which incorporates the Strategic Report, and the audited Financial Statements for the year ended 30th April 2025. In preparing this report the Trustees have complied with the Charities and Trustee Investment (Scotland) Act 2005 and applicable accounting standards.

REFERENCE AND ADMINISTRATIVE DETAILS

Charity Number $C032776

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Principal & Registered Office ae
Bankers The Royal Bank of Scotland Triodos Bank
23 Sauchiehall Street Deanery Road
Glasgow Bristol
G2 3AD BS1 SAS
Auditors Dickson Middleton
Chartered Accountants and Statutory Auditors
20 Barnton Street
Stirling
FK8 INE
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Trustees

The trustees who served from ist May 2024 are as follows:

l

Dhanakosa Trust

Report of the Trustees for the year ended 30" April 2025 (continued)

Objectives and Activities

Dhanakosa's objectives (purposes) as laid out in the governing document is the advancement of the Buddhist religion. The detail objectives wording was modified by instruction of the trustees in August 2024 to:

• i. To provide residential retreats, online retreats, and other teaching and practice opportunities teaching Buddhism, and complementary disciplines where these can be demonstrated to further the objectives of the Charify.

• ii. To encourage members and others to live in accordance with the feachings of the Buddha.

• li. To support ordained members of the Triratna Buddhist Order and other duly identified practicing Buddhists, at the discretion of the Board of the Trust [three subclauses]

The means by which this object is accomplished include (in approximate order of relative resources expended on each activity) are;

• e Provision of group and solitary retreat facilities principally the trusts principal centre in Balquhidder (also known at the Dhanakosa Buddhist Retreat Centre},

• • teaching the principals and practices of Buddhism through retreats and through outreach teaching and dharma study activates,

• « teaching what the trustees consider to be complimentary activities not traditionally associated with Buddhist practice but brought into the context of Buddhism,

• « Supporting, developing and encouraging the practice of right livelinood and community living as understood in the Triratna Buddhist Community through the residential practice Community at Dhanakosa, Balquhidder,

• e Supporting individual dharma practitioners (financially and spiritually) and,

• e Financial support in the form of grants given at the discretion of the trustees fo other organisations who's aims and objectives are compatible with our own, and fo individuals where relevant and the furtherance of the charity’s objectives can be demonstrated.

A comprehensive set of governance, conflict of interesi, employment and protection policies ensures that spiritual integrity is combined with good practice.

Dhanakosa is not planning any major changes in the overall balance of activities in pursuit of its objectives in the coming period.

Achievements and Performance

Provision of retreats and retreat facilities continues to be Dhanakosa’s main activity and accounts for 92% of the Trusts annual expenditure. During the period 887 people attended residential retreats at Dnhanakosa (a 6% drop on the previous period but still 83% of centre theoretical maximum). This drop in retreat attendance is being monitored and the team are developing long term strategic responses. A further 46 peaple made use of Dhanakosa’s solitary retreat facilities. Additionally outreach teaching reached in the region of another 150 people and an unknown number of people viewed online content provided by Dhanakosa.

Dhanakosa maintained ifs outward facing focus of ifs retreat programme with over 50% of available retreat spaces being explicitly open fo anyone regardless of their affiliation or otherwise to Buddhism. Dhanakosa also continues to support the wider Scoitish Triratna Buddhist Community with four retreats dedicated to that community. And, participation in outreach teaching, ordination training support, and the “Triratna Scotland” network meeting.

During the period Dhanakosa continued to support a residential community of fully committed practicing Buddhists who, through the principal of right livelinood, also work for the advancement of ihe Trusts aims and objectives. Individuals living and working in this way are treated as employees where relevant.

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Dhanakosa Trust

Report of the Trustees for the year ended 30! April 2025 (continued)

Achievements and Performance (continued)

In addition, the trust contributed £8,565 as grants to organisations and individuals in support of the trusts objectives. And £11,846 in support of individuals attending retreats at other retreat centres.

Financial Review

Over the period of this report Dnanakosa received £573,078 gross income of which £87,753 was retained in reserves. Aft the end of the period Dhanakosa Balance sheet shows £1,460,000 total funds, of which £496,314 are cash at hand and in bank.

Dhanakosa's principal income is donations from individuals. In the accounts where these donations are received from individuals attending retreats they are listed as income from charitable activities. Modest supplementary income streams are from trading profits and investment income.

The challenges of the cost of living crisis in 2023 and 2024 were managed with minimal impact on the trusts overall performance, with lower average individual donations and increased prices being mitigated by careful management both of spending and donations income streams. However, towards the end of the current period lower attendance than normal on retreats has been noted.

Budgeting is two-tier with an operating budget being used to model and regulate ongoing financial activity, and a zero based development budget being used to fund developments and capital acquisitions. Budgets are agreed by trustees and monitored quarterly by the finance group and reported to the frustees. Financial activities outside of the agreed budget are subject to approval by trustees.

The trust has a long-term development strategy {reviewed by the trustees annually) and maintains such funds if considers necessary for the pursuit of this strategy.

No new loans were taken, or existing loans extended during the period and none are planned in the coming period. All reserves are unrestricted. Dnanakosa continues to operate as a going concern and the trustees have no reason to doubt it will continue fo do so in the coming period.

Structure, Governance and Management

The Dhanakosa Trust (referred to as Dhanakosa, or the trust) is constituted as a voluntary association (frust deed signed 28 March 2002) and registered as a Scottish charity with the Office of the Scottish Charites Regulator (registration number $C032776}. Dhanakosa is legally and financially autonomous but identifies itself with the wider Buddhist movement known as the Triratna Buddhist Community. It is committed to working in association with other so identified charities. Work is underway to review the organisational structure with the intention of transition to SCIO status in 2026. Dhanakosa is governed by a board of trustees who are all members of the Triraina Buddhist Order who, as well as their legal role as trustees, give spiritual guidance in relation to the trust’s activities. New trustees are recruited on the basis their experience of Dnanakosa, relevant management experience, experience of holding responsibility within the Triratna Buddhist Community, and their independence. Trustees meet quarterly and cross work with the senior team and operation team through a series of working groups, each of which has a ToR agreed by trustees and monitored by trustees.

The trustees appoint a centre director who acts as a senior manager for the trust and is answerable to the trustees. For the period relating to this report the Centre Director was Dunstan Cooper (Nayaka).

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Dhanakosa Trust

Report of the Trustees for the year ended 30" April 2025 (continued)

Plans for Future Periods

During fhe coming period the Dhanakosa Trust intends to complete its transition fo Dhanakosa SCIO. Planed changes to the senior team in the coming 12 to 18 months mean that the charities focus will be on stability during transition, and no major development projects are planned for this time.

Retreat facilities are currently running close to capacity, so it is intended to maintain this, whilst focusing on retreat quality through training and development activities. It is intended to give more opportunity to senior members involved in fraining and supporting Ordinations into the Triratna Buddhist Order as an important aspect of the charities work.

4

Dhanakosa Trust

Report of the Trustees for the year ended 30" April 2025 (continued)

Trustees’ responsibilities in relation to the financial statements

The trustees are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities requires the trustees to prepare financial statements for each financial year, which give a true and fair view of the state of affairs of the charity and of the incoming resources, including the income and expenditure, of the charity for the year. In preparing these financial statements, the trustees are required to:

• ° select suitable accounting policies and then apply them consistently; e observe the methods and principles in the Charities SORP;

• ° make judgements and estimates that are reasonable and prudent:

• ° state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;

• ° prepare the financial statements on a going concern basis unless it is inappropriate to presume that the charitable company will continue in operation.

The trustees are 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 Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended) and the provisions of the charity's constitution. 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 irregularities.

In so far as the trustees are aware:

• e there is no relevant audit information of which the charitable company's auditor is unaware; and

• e the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditor is aware of that information.

Auditors

A resolution will be proposed at the Annual General Meeting that Dickson Middleton be reappointed as auditors of the charitable company for the forthcoming year.

By Order of the Board

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(Karunaradha)
Trustee
2 January 2026
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Dhanakosa Trust

Independent Auditor's Report to the Trustees and Members of Dhanakosa Trust for the year ended 30! April 2025

Opinion

We have audited the financial statements of the Dnanakosa Trust {the ‘charity’) for the year ended 30th April 2025 which comprise Statement of Financial Activities, Balance Sheet, Statement of Cash Flows and notes to the financial statements, including a summary of 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 Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

This report is made solely to the charitable company’s trustees, as a body, in accordance with Regulation 10 of the Charities Accounts (Scotland) Regulations 2006. Our audit work has been undertaken so that we might state fo the charity's members and trustees those 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 fhan the charity, the charity’s members as a body and the charity's trustees as a body, for our audit work, for this report, or for the opinions we have formed.

In our opinion the financial statements:

• e« give a true and fair view of the state of the charity's affairs as at 30th April 2025, and of its incoming resources and application of resources, including its income and expenditure, for the year then ended;

• « have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

• e have been prepared in accordance with the requirements of the Charities and Trustee investment (Scotland) Act 2005 and regulation 8 of the Charities Accounts (Scotland) Regulations 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK}} and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit 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 fo 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 to 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.

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Dhanakosa Trust

Independent Auditor's Report to the Trustees and Members of the Dhanakosa Trust for the year ended 30 April 2025 (continued)

Other information

The trustees are responsible for the other information. The other information comprises the information included in the trustees’ report, other than the financial statements and our auditor's report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obiained in the audit or otherwise appears to be materially misstated. if we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. 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 fact. We have nothing to report in this regard.

Matters on which we are required to report by exception

in the light of our knowledge and understanding of the charity and its environment obtained in the course of the audit, we have not identified material misstatements in the trustees’ report.

We have nothing to report in respect of the following matters in relation to which the Charities Accounts (Scotland} Regulations 2006 require us to report fo you if, in our opinion: « adequate and proper accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or

• e the information given in the Trustees report is inconsistent in any material respect with the financial statements; or

• e the financial statements are not in agreement with the accounting records and returns; or

• e we have not received all the information and explanations we require for our audit.

Responsibilities of trustees

As explained more fully in the statement of trustees’ responsibilities, the trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. in preparing the financial statements, the trustees are responsible for assessing the charity's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or fo cease operations, or have no realistic alternative but fo do so.

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Dhanakosa Trust

Independent Auditor's Report to the Trustees and Members of the Dhanakosa Trust for the year ended 30" April 2025 (continued)

Auditor's responsibilities for the audit of the financial statements

We have been appointed as auditor under section 44(1}(c} of the Charities and Trustee Investment (Scotland) Act 2005 and report in accordance with regulations made under those Acts.

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 that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when if 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.

irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The specific procedures for this engagemeni and the extent to which these are capable of detecting irregularities, including fraud is detailed below: e inquired of management, and those charged with governance, about their own identification and assessment of the risks of irregularities, including any known actual, suspected or alleged instances of fraud;

• The audit engagement team identified the risk of management override of controls as the area where the financial statements were most susceptible to material misstatement due to fraud. Audit procedures performed included but were not limited to testing manual journal entries and other adjustments, evaluating the business rationale in relation to any significant unusual transactions and challenging judgements and estimates:

• • Reviewing minutes of meetings held by management and those charged with governance to identify any matters including actual or attempted fraud, litigation and noncompliance with laws and regulations;
• • Inspecting expenditure incurred in the year while making sure this has been appropriately categorised in the financial statements. This included agreeing a sample from the nominal ledger to purchase invoice while also reviewing post year end transactions and invoices to confirm the completeness of fhe expenditure was disclosed.

Because of the inherent limitations 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 regulation. 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 jo 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.

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Dhanakosa Trust

Independent Auditor's Report to the Trustees and Members of the Dhanakosa Trust (continued)

As part of an audit in accordance with ISAs (UK), we exercise professional judgment and maintain professional scepticism throughout the audit. We also:

• e ldentify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.

• e Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the charitable company's internal control.

• e Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the trustees.

• e Conclude on the appropriateness of the trustees’ use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the charitable company’s ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion, Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the charitable company to cease to continue as a going concern.

• e Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation.

We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

For and on behalf of Dickson Middleton, Chartered Accountants and Statutory Auditors, 20 Barnton Street, Stirling. FK8 1NE.

Dickson Middleton is eligible to act as an auditor in terms of section 1212 of the Companies Act 2006. iz January 2026

9

Dhanakosa Trust

Statement of Financial Activities (including income and expenditure account) for the year ended 30th April 2025

		Note			2025	2024
			Restricted	Unrestricted	Total	Total
			Funds	Funds	Funds	Funds
			£	£	£	£
Income:
Donations and legacies		2	-	10,305	10,305	18,333
Charitable Activities		3	15,814	520,119	535,933	498,403
Investment income		4	-	2,063	2,063	2,413
Othertrading activities		§	-	20,255	20,255	18,853
Otherincome		6	-	4,522	4,522	-
Total			15,814	557,264	573,078	538,002
Expenditure:
Raising Funds		7	-	9,609	9,609	9,513
Charitable activities		7	36,343	428,447	464,790	479,137
Other		7	-	10,926	10,926	11,389
Total			36,343	448,982	485,325	500,039
Netincoming resources	before transfers		(20,529)	108,282	87,753	37,963
Transfer between funds			20,529	(20,529)	-	-
Net incoming resources			-	87,753	87,753	37,963
Balances brought forward at 1 May 2024			-	1,372,247	1,372,247	1,334,284
Balances carriedforward at30"April2025		18	-	1,460,000	1,460,000	1,372,247

The notes on pages 13 to 21 form part of these financial statements.

10

Dhanakosa Trust

Balance sheet as at 30th April 2025

		2025			2024
	Notes	£	£	£	£
Fixed assets
Tangible fixed assets	12		972,111		967,729
Current assets
Stocks	13	11,314		11,314
Debtors	14	56,430		55,352
Cash at bank and in hand		496,314		425,887
		564,058		492,553
Creditors: amounts falling due within
one year	15	(76,169)		(88,035)
Net current assets			487,889		404,518
Netassets			1,460,000		1,372,247
Funds
Restricted income funds	17		-		-
Unrestricted funds -
General Funds	17		1,460,000		1,372,247
Totalcharityfunds			1,460,000		1,372,247

Approved by the board of directors on 11 January 2026 and signed on their behalf by:

Charity Number $C032776

The notes on pages 13 to 21 form part of these financial statements.

11

Dhanakosa Trust

Statement of Cash Flows for the year ended 30th April 2025

	2025	2024
	£	£
Reconciliation of net movement in funds to net cash inflow from
operating activities
Net movement in funds	87,753	37,963
Interest income shown in investing activities	(2,063)	(2,413)
Depreciation	5,108	3,173
Movement in stocks	-	(141}
Movement in debfors	(1,078)	2,555
Movement in credifors	(11,866)	(2,670)
Net used in operating activities	77,854	38,467
Cash flows from investing activities
interest received	2,063	2,413
Purchase of fixed assets	(9,490)	(7,000)
Cash provided by investing activities	(7,427)	(4,587)
	70,427	35,293
Increase in cash and cash equivalents in the year
Cash and cash equivalents at 15*May 2024	425,887	390,594
Cashandcashequivalentsat30!April2025	496,314	425,887

The notes on pages 13 to 21 form part of these financial statements.

12

Dhanakosa Trust

Notes to the financial statements for the year ended 30* April 2025

1. Accounting policies

Basis of preparation

The financial statements have been prepared in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102), the Charities SORP (FRS102} and the Charities Accounts (Scotland) Regulations 2006. A summary of the more important accounting policies, which have been applied consisienily, is set out below. The charity meets the definition of a public benefit entity under FRS 102. Assessment of going concern The trustees are of the opinion that sufficient funding is in place to cover their planned activities for 2025/26. Many retreats are already booked for the financial year and booking fees/ donations are expected to be received at similar levels io 24/25. it is the considered opinion of the trustees that the charity has in place a business model which will enable it to continue to operate for at least a period of 12 months from the approval date of these financial statements. As a result the going concern basis of accounting has been adopted. As mentioned in plans for future periods it is an objective of the Trustees fo transition the Charity to a SCIO organistation. Should this be successful the assets of this existing Charity would be donated to the new entity holding similar Trustees and objectives.

Incoming resources

All incoming resources are included in the statement of financial activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income:

• e Voluntary income is received by way of grants, donations and gifts and is included in full when receivable. Donated services and facilities are included ai the value to the charity where this can be quantified. The value of services provided by volunteers has not been included.

• e Income from tax reclaims is included at the same time as the gift/ donation to which it relates.

• e Income from charitable activities is recognised as it is earned (i.e. as the related goods and services are provided).

• e Investment income is included when receivable.

Resources Expended

Expenditure is recognised on an accruals basis as the liability is incurred. Expenditure only includes VAT to the extent that if cannot be fully recovered. The following specific policies are applied to particular categories of expenditure:

• e Costs of raising funds comprise the costs incurred for fundraising purposes. e Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and programmes for its beneficiaries and their associated support costs.

• e Governance costs include those costs associated with meeting the constitutional and statutory requirements of the charity and include audit fees and costs linked to strategic management of the charily. All cosis are allocated between the expenditure categories on the basis designed to reflect the use of the resource.

Pensions

The charity makes contributions to personal pensions for staff who have not opted out. These pensions are defined contribution in nature and the charity contributions are accounted for by recognising amounts payable in the year in the statement of financial activities.

13

Dhanakosa Trust

Notes to the financial statements for the year ended 30th April 2025

(continued)

1. Accounting policies (continued)

Taxation

The charity is recognised as a charity for taxation purposes. As such the charity is exempt from tax on income and gains to the extent that these are applied to charitable objects. No tax charges have arisen in the charity.

Tangible fixed assets

The cost of tangible fixed assets is their purchase cost or, if gifted, their value at the date of gift.

Depreciation

Depreciation is provided on fixed assets to write off the cost, less the estimated residual value, evenly over the years stated below.

Motor Vehicles 25% Reducing Balance Fixtures, fittings and equipment 25% Reducing Balance

Stocks

Stock is included at the lower of cost or net realisable value

Debtors

Debtors are recognised at the settlement amount due. Prepayments are valved at the amount prepaid net of any discounts due.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and on hand, highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowing or current liabilities. In the staternent of cash flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company’s cash management.

Creditors

Creditors are recognised where the company has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors are normally recognised at their settlement amount after allowing for any discounts due.

Financial instruments

The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequenily remeasured at their settlement value.

Fund accounting

• The various reserves set aside by the charity are as follows:

• e Restricted funds are subject to restrictions on their expenditure imposed by the donor or through the terms of a grant.

• e Unrestricted funds are available for use af the discretion of the directors in furtherance of the general objectives of the charity

14

Dhanakosa Trust

Notes to the financial statements for the year ended 30' April 2025 (continued)

1. Accounting policies (continued)

2. Donations and legacies

	Unrestricted	Restricted	2025
	Funds	Funds	Total
	£	£	£
Donations
Donations	-	-	-
Legacies	10,305	-	10,305
	10,305	-	10,305
	Unrestricted	Restricted	2024
	Funds	Funds	Total
	Fa	£	£
Donations
Donations	-	18,333	18,333
Legacies	-	~	-
	-	18,333	18,333
Incoming resources from charitable activities
	Unrestricted	Restricted	2025
	Funds	Funds	Total
	£	£	£
Retreats Booking Fee	100,770	-	100,770
Dana Giving	419,349	15,814	435,163
	§20,119	15,814	535,933
	Unrestricted	Restricted	2024
	Funds	Funds	Total
	£	£	£
Retreats Booking Fee	111,340	-	111,340
Dana Giving	387,063	-	387,063
	498,403	-	498,403

3. Incoming resources from charitable activities

4. Investment income

	Restricted	Unrestricted	2025	2024
	Funds	Funds	Total	Total
	£	£	£	£
Bank interest receivable	-	2,063	2,063	2,413
	-	2,063	2,063	2,413
Othertrading income
	Restricted	Unrestricted	2025	2024
	Funds	Funds	Total	Total
	£	£	£	£
Shop	-	20,255	20,255	18,853
	-	20,255	20,255	18,853

1. Other trading income

15

Dhanakosa Trust

Notes to the financial statements for the year ended 30! April 2025 (continued)

6.	Other income
				Restricted	Unrestricted	2025	2024
				Funds	Funds	Total	Total
				£	£	£	£
	Other Income			-	4,522	4,522	~
				-	4,522	4,522	-
7.	Analysis of expenditure
				Basis of Apportionment	Raising funds	Charitable activities	2025 Total
					£	£	£
	Retreat costs	of	generating	Direct	“	180,252	180,252
	donations
	Staff salaries, training & support			Staff time	-	154,887	154,887
	costs
	Property, fixtures	&	equipment	Direct	-	94,882	94,882
	Donations & grants			Direct	-	20,411	20,411
	Shop			Direct	9,609	-	9,609
	Bank Charges			Direct	-	9,250	9,250
	Depreciation			Direct	-	§,108	§,108
					7,609	464,790	474,399
	Governance costs			Direct	-	10,926	10,926
					9,609	475,716	485,325
				Basis of Apportionment	Raising funds	Charitable activities	2024 Total
					£	£	£
	Retreat costs	of	generating	Direct	-	165,444	165,444
	donations
	Staff salaries, training & support			Staff time	-	167,625	167,625
	costs
	Property, fixtures	&	equipment	Direct	~	94,263	94,263
	Donations & grants			Direct	-	29,351	29,35]
	Shop			Direct	9,513	-	9,513
	Bank Charges			Direct	-	9,250	9,250
	Depreciation			Direct		5,108	5,108
					9,513	468,072	477,585
	Governance costs			Direct	-	22,454	22,454
					9,513	490,526	500,039

16

Dhanakosa Trust

Notes to the financial statements for the year ended 30' April 2025 (continued)

8. Allocation of Support & Governance Costs

			Basis of	Support	Governance	2025
			Apportionment	Costs	Costs	Total
				£	£	£
	Audit fee		Direct	-	10,879	10,879
	Legal & professional		Direct	-	47	47
				"	10,926	10,926
			Basis of	Support	Governance	2024
			Apportionment	Costs	Costs	Total
				£	£	£
	Accountancy & bookkeeping		Staff time	-	10,179	10,179
	Audit fee		Direct	-	12,000	12,000
	Legal & professional		Direct	-	275	275
				-	22,454	22,454
7.	Operating surplus
	The operating surplus is	stated after charging:-			2025	2024
					£	£
	Staff pension contributions				12,794	15,795
	Auditors remuneration	— - audit			10,879	12,000
		- other			-	10,179
	Depreciation				5,108	3,173

10. Wages and Salaries A summary of the wages costs for the charity’s employees is shown below:-

	2025	2024
	£	£
Aggregate gross wages and salaries paid to employees	130,968	142,724
National Insurance	2,007	2,652
Other pension costs	12,794	15,795
	145,769	161,171

The charity had no high paid members of staff with total remuneration in excess of £60,000 each (2024: 0}.

17

Dhanakosa Trust

Notes to the financial statements for the year ended 30 April 2025 (continued)

10. Wages & Salaries (continued)

Number of Employees	2025	2024
The average monthly numbers of employees during the year	Number	Number
were:
Charitable expenditure	10	1]
	10	1

For the purposes of this disclosure, the key management personne! are defined as the senior management team whose aggregate remuneration in the year was £25,103 (2024£29,296).

11. Trustee remuneration and expenses

One or more of the trustees have been paid remuneration in the current or prior periods.

Trustee	Remuneration	Pension	Other
			Benefits
2025	5,265	1,618	4,986
2024	13,242	4,089	2,145

One or more of the trustees have been paid expenses in the current or prior periods.

		2025	2024
	Number		Number
Number of trustees paid expenses		2	3
The nature of the reimbursed expenses	Leading retreats and	support	costs
Number of trustees donations received		2	-
The nature of the donations received	Charitable donations
		£	£
Total expenses reimbursed to trustees		7,185	2,145
Total employee benefits received by trustees		6,882	17,331
Totaldonationsdonatedbytrustees		(1,926)	-

18

Dhanakosa Trust

Notes to the financial statements for the year ended 30! April 2025 (continued)

12. Tangible fixed assets

			Motor	Fixtures &
		Property	Vehicles	Fittings	Total
		£	£	£	£
	Cost
	At 1 May 2024	956,785	33,098	92,225	1,082,108
	Additions	-	9,490	-	9,490
	At30 April 2025	956,785	42,588	92,225	1,091,598
	Depreciation
	At 1 May 2024	-	22,154	92,225	114,379
	Charge for the year	:	§,108	-	5,108
	At 30 April 2025	-	27,262	92,225	119,487
	Net book value
	At30 April 2025	956,785	15,326	:	972,111
	At30 April 2024	956,785	10,944	-	967,729
13.	Stocks
				2025	2024
				£	£
	Finished Goods			11,314	11,314
				11,314	11,314
14.	Debtors
				2025	2024
				£	£
	Other Debtors			56,430	53,831
	Prepayments			-	1,521]
				56,430	55,352
15.	Creditors: amounts falling due within one year
				2025	2024
				£	£
	Trade creditors			4,514	5,853
	Other creditors			1,133	532
	Accruals			21,901	32,000
	Deferred income			48,621	49,650
				76,169	88,035
16.	Deferred Income
				2025	2024
				£	£
	At 1 May			49,650	52,568
	Released in current year			(49,650)	(52,568)
	Deferred in current year			48,621	49,650
	At 30 April			48,62]	49,650
	Depositsforretreatsinfollowingyearto30April2026

19

Dhanakosa Trust

Notes to the financial statements for the year ended 30! April 2025 (continued)

17.	Fund Reconciliation	Fund Reconciliation
			At 15tMay				At30! April
			2024	Income’	Expenditure	Transfers	2025
	Unrestricted funds		£	£	£	£	£
	General Funds		1,372,247	557,264	(448,982)	{20,529}	1,460,000
			1,372,247	557,264	(448,982)	(20,529)	1,460,000
	Restricted funds
	Restricted funds	-windows	-	7,874	(31,003)	23,429	-
	Restricted funds	- memorial		8,240	(5,340)	(2,900)	-
		garden
					an
			-	15,814	(36,343)	20,529
			1,372,247	573,078	485,325	-	1,460,000

18. Analysis of net assets between funds

			2025	2024
			Total	Total
	Restricted	Unrestricted	Funds	Funds
	£	£	£	£
Fixed assets	"	972,111	972,111	967,729
Current assets
Stocks	-	11,314	11,314	11,314
Debtors	-	56,430	56,430	55,352
Cash at bank and in hand	-	496,314	496,314	425,887
	-	564,058	564,058	492,553
Current liabilities
Creditors	-	(76,169)	(76,169)	(88,035)
Net current assets	-	487,889	487,889	404,518
Total Assets less Current Liabilities	-	1,460,000	1,460,000	1,372,247
NetAssets/Funds	“	1,460,000	1,460,000	1,372,247

20

Dhanakosa Trust

Notes to the financial statements for the year ended 30** April 2025

(continued)

19.	Related partytransactions
	Transactions with related parties	2025	2024
		£	£
	Name of related party
	Nature of Relationship
	Description of transactions
	Amount due from/(to) related party	11,869	19,477
	Name of related party
	Nature of Relationship
	Description of fransactions
	Amount due from/(to) related party	1,870	2,070
	Name of related party
	Nature of Relationship
	Description of transactions
	Amount due from/(to) related party	-	2,622
	Name of related party
	Nature of Relationship
	Description of transactions
	Amount due from /{to) related party	(1,526)	-
	Name of related party
	Nature of Relationship
	Description of transactions
	Amountduefrom/(fo)reiatedparty	(400)	-

21