Golden Buddha Centre Limited

	Page
Trustees' Report	1—3
Independent Examiner's Report	4
Statement of Financial Activities (including Income and Expenditure Account)	5
Balance Sheet	6
Notes to the Financial Statements	7—10

The trustees present their report and the financial statements for the year ended 31 May 2026.

Objectives and Activities

Aims and Objectives

The company is a charity and exists to advance the study and practice of Buddhism and living a Buddhist way of life. To establish, equip and manage a non-sectarian and ecological Buddhist centre or centres to advance the study and practice of Buddhism and living a Buddhist way of life within the Five Buddhist Precepts, and a place or places which, in addition provide for the spiritual and material needs of elderly, infirm or sick Buddhists and their helpers.

Significant Activities

The Golden Buddha Centre runs an active and open Buddhist Centre in Totnes for the benefit of anyone interested in Buddhism. The charity owns three flats very close to the Centre, each on long-term tenancies. Events are open to all age groups, but the Centre encourages Buddhists who wish to practise in old age with like-minded people. The charity has no paid employees. All classes, cleaning work, and administration is by volunteers only, and this ethic helps to build and maintain the sense of community amongst fellow Buddhist practitioners wishing to live a Buddhist way of life, particularly in old age.

Public Benefit

The trustees confirm that they have complied with the requirements of Section 17 of the Charities Act 2011 to have due regard to the Charity Commission’s guidance on public benefit.

Achievements and Performance

Main Achievements

In planning the Centre's activities, the trustees have adhered to the Charity Commission's guidance on the advancement of religion for public benefit. Following the COVID-19 lockdown implemented on 17 March 2020, we commenced online classes in June 2020, which have continued to operate. These have proved highly successful, bringing together participants from across the globe and providing access to those who are housebound. Since the lifting of COVID-19 restrictions, the Golden Buddha Centre has re-opened on Saturdays for three-hour sessions. During these periods, visitors may browse the library, utilise the meditation room for individual silent sitting, and newcomers are welcomed to enquire about Buddhism. Furthermore, we now have a Thursday evening meditation session.

Financial Review

Reserves Policy

The surplus of the Golden Buddha Centre will be used to support the charity's activities, administration and premises as well as providing the charity with the necessary infrastructure with respect to fulfilling its objects. The charity's reserve policy is to have funds in reserve sufficient to cover the cost of its fixed assets and to meet up to two years expenditure, together with a contingency of £150,000. The general funds of the charity (after allowing for capital asset costs and contingency) at 31 May 2026 are £484,505 which is the excess of two years expenditure for the charity.

Structure, Governance and Management

Governing Document

The charity is limited by guarantee and is governed by its memorandum and articles of association.

Reference and Administrative Details

Trustees

Sir R Aske

Mrs Diana St Ruth

Mr Richard St Ruth

Mrs R Hayman-Joyce

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Golden Buddha Centre Limited

Trustees' Report (continued)

For The Year Ended 31 May 2026

Charity Number

1072818

Company Number

03562017

Principal Address

Golden Buddha Centre

The Grove

Totnes

Devon

TQ9 5EP

Independent Examiner

R J Lewis ICAEW

Frost

Chartered Accountants

Riversdale
Ashburton Road
Totnes
Devon
TQ9 5JU

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Golden Buddha Centre Limited

Trustees' Report (continued)

For The Year Ended 31 May 2026

Small Company Rules

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

The trustees' report was approved by the board of trustees and signed on its behalf by:

Mrs Diana St Ruth

Trustee

06/10/2026

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Golden Buddha Centre Limited

Independent Examiner's Report to the Trustees of Golden Buddha Centre Limited

For The Year Ended 31 May 2026

Independent Examiner's Report to the Trustees of Golden Buddha Centre Limited

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 May 2026.

Responsibilities and Basis of Report

As the charity trustees of the Company (and also its directors for the purposes of company law), you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (“the 2006 Act”).

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.

Independent Examiner's Statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
the accounts do not accord with those records; or
the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair view' which is not a matter considered as part of an independent examination; or
the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

R J Lewis ICAEW

06/10/2026

Riversdale
Ashburton Road
Totnes
Devon
TQ9 5JU

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Golden Buddha Centre Limited

Statement of Financial Activities (including Income and Expenditure Account)

For The Year Ended 31 May 2026

Statement of Financial Activities (including Income and Expenditure Account)

		2026	2025
		Unrestricted funds	Unrestricted funds
	Notes	£	£
INCOME AND ENDOWMENTS FROM:
Donations and legacies	3	2,119	1,134
Investments	4	5,903	8,938
Other	5	21,203	15,474

		29,225	25,546

EXPENDITURE ON:
Raising funds	7	(24,320 )	(28,067 )

NET INCOME/(EXPENDITURE)		4,905	(2,521 )


NET MOVEMENT IN FUNDS		4,905	(2,521 )
RECONCILIATION OF FUNDS:
Total funds brought forward		1,133,935	1,136,456

TOTAL FUNDS CARRIED FORWARD	13	1,138,840	1,133,935

The notes on pages 7 to 10 form part of these financial statements.

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Golden Buddha Centre Limited

Balance Sheet

As At 31 May 2026

Balance Sheet

		2026	2025
		Unrestricted funds	Total funds
	Notes	£	£
FIXED ASSETS
Tangible Assets	11	779,367	778,226

		779,367	778,226
CURRENT ASSETS
Cash at bank and in hand		360,633	356,805

		360,633	356,805
Creditors: Amounts Falling Due Within One Year	12	(1,160 )	(1,096 )

NET CURRENT ASSETS (LIABILITIES)		359,473	355,709

TOTAL ASSETS LESS CURRENT LIABILITIES		1,138,840	1,133,935

NET ASSETS		1,138,840	1,133,935

FUNDS OF THE CHARITY
Unrestricted Funds		1,138,840	1,133,935

TOTAL FUNDS	13	1,138,840	1,133,935

For the year ending 31 May 2026 the charitable company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

On behalf of the board

Mr Richard St Ruth

Trustee

06/10/2026

The notes on pages 7 to 10 form part of these financial statements.

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Golden Buddha Centre Limited

Notes to the Financial Statements

For The Year Ended 31 May 2026

Notes to the Financial Statements

1. General Information

Golden Buddha Centre Limited is a company limited by guarantee, incorporated in England & Wales, registered number 03562017 and registered charity number 1072818 . The registered office is .

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared in accordance with the Charities SORP (FRS 102) "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 (FRS 102) (effective 1 January 2019)", Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

The charitable company is a Public Benefit Entity as defined by FRS 102.

2.2. Incoming Resources

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

2.3. Resources Expended

Liabilities are recognised as expenditure 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 measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Furniture & Equipment	25% reducing balance
Computer Equipment	33% reducing balance

2.5. Cash and Cash Equivalents

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.

3. Income from Donations and Legacies

	2026	2025
	Unrestricted	Unrestricted
	funds	funds
	£	£
Donations and gifts	2,119	1,134

4. Investment Income

	2026	2025
	Unrestricted	Unrestricted
	funds	funds
	£	£
Bank interest receivable	5,903	8,938

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Golden Buddha Centre Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 May 2026

5. Other Income

	2026	2025
	Unrestricted funds	Unrestricted funds
	£	£
Rental and other income from property	21,203	15,474

6. Net Income/(Expenditure)

The net income/(expenditure) is stated after charging/(crediting):

	2026	2025
	£	£
Depreciation of tangible fixed assets - owned	866	1,033

7. Analysis of Expenditure

			2026
	Activities undertaken directly	Support costs (see note 8 )	Total
	£	£	£
Raising funds	18,747	5,573	24,320

			2025
	Activities undertaken directly	Support costs (see note 8 )	Total
	£	£	£
Raising funds	25,251	2,816	28,067

8. Support Costs

	2026	2025
	Raising funds	Raising funds
	£	£
Premises expenses	3,947	804
General administration	364	872
Interest payable	60	40
Governance costs	1,202	1,100

	5,573	2,816

9. Independent Examiner's Remuneration

	2026	2025
	£	£
Independent examination of the financial statements	601	548

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Golden Buddha Centre Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 May 2026

10. Average Number of Employees

Average number of employees during the year was: 4 (2025: 4)

11. Tangible Assets

	Land & Property
	Freehold	Furniture & Equipment	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 June 2025	775,594	36,378	3,611	815,583
Additions	-	-	2,007	2,007

As at 31 May 2026	775,594	36,378	5,618	817,590

Depreciation
As at 1 June 2025	-	34,715	2,642	37,357
Provided during the period	-	417	449	866

As at 31 May 2026	-	35,132	3,091	38,223

Net Book Value
As at 31 May 2026	775,594	1,246	2,527	779,367

As at 1 June 2025	775,594	1,663	969	778,226

12. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Accruals and deferred income	1,160	1,096

13. Movement in Funds

	As at 1 June 2025	Income	Expenditure	As at 31 May 2026
	£	£	£	£
Unrestricted funds
General:
General unrestricted fund	479,600	29,225	(24,320)	484,505
Contingency fund	150,000	-	-	150,000
Capital fund	504,335	-	-	504,335


Total unrestricted funds	1,133,935	29,225	(24,320 )	1,138,840




Total funds	1,133,935	29,225	(24,320 )	1,138,840

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Golden Buddha Centre Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 May 2026

	As at 1 June 2024	Income	Expenditure	As at 31 May 2025
	£	£	£	£
Unrestricted funds
General:
General unrestricted fund	482,121	25,546	(28,067)	479,600
Contingency fund	150,000	-	-	150,000
Capital fund	504,335	-	-	504,335


Total unrestricted funds	1,136,456	25,546	(28,067 )	1,133,935




Total funds	1,136,456	25,546	(28,067 )	1,133,935

14. Transactions with Trustees

None of the trustees received any remuneration or any other benefits from an employment with the charity or a related entity during the current or previous year.

No trustee expenses have been incurred.

15. Related Party Disclosures

There have been no related party transactions in the reporting period that require disclosure.

16. Company limited by guarantee

The company is limited by guarantee and has no share capital.

Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.

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