REGISTERED COMPANY NUMBER: 02527115 (England and Wales) REGISTERED CHARITY NUMBER: 1019101 Report of the Trustees and Unaudit6d Flnancial Statements for the Year Ended 31 Dacember 2023 for INTERNATIONAL DZOGCHEN COMMUNITY OF KUNSELLING Hayvenhursts Fairway House Links Businass Park St Mellons Cardiff CF3 OLT
INTERNATIONAL DZOGCHEN COMMUNITY OF KUNSELLING Contents of the Financial Statements FOR THE YEAR ENDED 31 DECEMBER 2023 Page Report of the Trustees statement of Financlal Actlvlt16S Balance Sheet Notes to the Flnanclal Statements 7 to 13 Detalled Statement of Flnanclal Actlvltles 14
INTERNATIONAL DZOGCHEN COMMUNITY OF KUNSELLING Report of th8 Trustaes FOR THE YEAR ENDED 31 DECEMBER 2023 The trustees who are also directors of the charity for the purposes of the Cornpanles Act 2006, present their report with the finanGial statements of the charity for the year ended 31 December 2023. The trustees have adopted the provisions of Accounting and R&porting by Gharitles. Statement of Recommended Practice appllcable to charities preparing their accounts in accordanc6 wlth the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019). OBJECTNES AND ACTIVITIES Objectlves and aims The Charity's objectives and aims are to promote, advance and maintain the Dzogchen teachings and practice in Buddhist and other forms throughout the UK and elsewhere and to promote greater understanding of Tibetan culture and traditions according to the teaching and spiritual guidanc8 of Namkhai Norbu Rlnpoche and his nominated successors. Significant activities The main activities of the Charity are to administer membershlp; to maintain and develop our retreat centre, Kunselling, which is located in mid-Wal8s and Lekdanling, our centfft in London", to organise and run a programme of teaching and practice ev8nts,' lo run a bookshop for t8aching and practiGe texls and practice mat8rials for community members and to ralse funds for the community and related organisations. Volunteers The Community is entlrely run by volunteers, including the Trustees and others within the Community who give their time to support the activities of Ihe Community. ACHIEVEMENT AND PERFORMANCE Charitable actlvltles By the beginning of 2023, our charitable aclivities had fully recovered from the covid-19 pandemic and the number of teaching retreats and other events at Kunselling, our centre in mid Wales. were similar to pre-pandemic levels. The aGtivities during the year included practice retreats led by teachers both from the UK and from abroad and karma yoga activities that bring members togethér to work on the maintenance and improvement of the premises. Practices and events also took place at Lekdanling, our centre in London. with most taking place in the ev8nings and at the weekend. Fundraising activities Our fundr3ising efforts during the year were mor@ successful than expected and resulted in a surplus income. This follows a similar success in 2022. However, the 2023 surplus was inflated because a significant December payment to an affiliated organisation in Italy did not leave our account in time to be included In the 2023 accounts and wlll instead be included in the 2024 accounts. In addttion, we were able to address the ash dieback problem at Kunselling at a lower cost than budgeted and we continue to dispute a bill from Thames Water. Had these costs materialised the sury)lus would have come down to a broakeven position, but still outperformed the projected loss forthe year. This represents a very good outcome and is an atteststion to the fundralsing work of members who organise our events together with our membership secretary and th6 work of the Lekdanling management team who also raise funds, including the on90ing rental agreement which continues to provide a degree of financlal stability. Page 1
INTERNATIONAL DZOGCHEN COMMUNITY OF KUNSELLING Report of the Trustoes FOR THE YEAR ENDED 31 DECEMBER 2023 ACHIEVEMENT AND PERFORMANCE Internal and external factors We have continued to Improve th8 running of the wmmunity by setting up a Google workspace for documenl sharing and storage and by ensuring better coordination bebnfeen our event organisers in Kunselling and Lekdanling. We have also upgraded th8 web slte and will continue our efforts to streamline our communications and payment platforms. FINANCIAL REVIEW PrlncipaS fundlng sources The principal funding sources are membership income, gift aid on eligible membership payments and donations, income from events, Income from the bookshop and Income from the day-time rental of our Spa at Lekdanling in London. FUTURE PLANS In the years imrnediately following the death of our main teacher Namkhal Norbu Rinpoche in 2018, our membership gradually dwindled with a consequent impact on our membership income. In 2023 we saw the first indications of a slowdown and maybe a reversal In thls trend, largely thanks to the impetus in new membership that followed the teaching retreat in June giv8n by Yeshi Silvano Namkhai, son of Namkhai Norbu Rinpoche. These retreats will be given annually going forward and we hope they wlll continue to generate enquiries from potential new members. The membership income combined with income from events and the income from the rental of Lekdanling means that wa wer6 In a position to afford the mortgage payrnents on our two C8ntres throughout 2023. Our mortgage commitments will redu in May 2024 when we complete the repayments for Kunselling in rural Wales. However, the ongoing increases in interest rates and their impact on our interest payments for Lekdanling in London mean we have to keep a tight rein on expenditure. Meanwhile, our senior students of Namkhai Norbu Rinpoche are continuing to evolve as tgachers and leaders of our Gommunity and lead practice events that continue to draw students and genorate income. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The charity is controlled by its goveming document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006. Recruitment and appolntment of new trustees Trustoes ar& recruited through an invitation being issued to members to apply for a position on Gakyil (the Executive Committee of the Charity). New trustees are elected at the Annual General Meeting. Organlsatlonal structure The Dzogchen Community UK is administered by Gakyil {ExecutlV6 Committee) which can have up to nina member9. During the period to the end of September 2023 the commlttee had six mernbers. In October 2023 the number of members remained at six but with some changes in the names of the members on the Gommittee. Induction and training of new trustees New trustees are inducted by outgoing trustees who have occupied the position on the committee which is being taken up.by the new trustee. Outgoing trustees induct and handover new trustees into their responsibilities. Page 2
INTERNATIONAL DZOGCHEN COMMUNITY OF KUNSELLING R6POrt of the Trustees FOR THE YEAR ENDED 31 DECEMBER 2023 STRUCTURE, GOVERNANCE AND MANAGEMENT Wider network The Gakyil is asslsted by a network of volunteers within th6 Community. Relat6d partles The Dzogchen Community UK is part of the International Dzogohen Community. Members of the UK Community are also members of Merigar, th6 centre of the Dzogchen Communlty in Europe. A proportion of the membership fees received by tho DzogGhen Community UK Is payable to Merigar each year and a proportion is payab16 to the Intemational Dzogchen Community. The Dzogchen Community UK also has links with ASIA, supporting projects in Tib6t and the Shang Shung Institute, supporting projeGts to rnaintain and promote Tlbetan teachings and Gulture. REFERENCE AND ADMINISTRATIVE DETAILS Reglster6d Company number 02527115 (England and Wales) Registered Charity numb6r 1019101 Reglstered office 3 Polygon Road Bristol BS8 4PA Trustees R Russell (appointed 23.10.23) B Patterson (resigned 23.10.23) B J Hurrell (resigned 26.10.23) R Bennett R Radecki Beeston Ms T Lau - Hardingman C J J M Van Oldenbeek (appointed 8.10.23) Company Secretary M Beeston This report has been prepared in accordance with the speGial provisions of Part 15 of the Companies Act 2006 relating to small companies. Approved by order of the board of trustees on behalf by.. 17th September 2024 and signed on its M Beeston - rustee Page 3
INTERNATIONAL DZOGCHEN COMMUNITY OF KUNSELLING statement of Flnancial Activities FOR THE YEAR ENDED 31 DECEMBER 2023 2023 Total funds 2022 Total funds Unrestricted Restricted fund funds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 509 83,185 EXPENDITURE ON Raising funds 22,702 22,702 21,468 Charitable activitigs general 52,730 55,617 Total 75,432 75,432 77.085 NET INCOME 17,687 509 18,196 ,100 RECONCILIATION OF FUNDS Total funds brought fotward 301,570 93,012 394,582 388,482 TOTAL FUNDS CARRIED FORWARD 319,257 412,778 394,582 The noÉes form part of these financial statements Page 4
INTERNATIONAL DZOGCHEN COMMUNITY OF KUNSELLING Balance Sheet 31 DECEMBER 2023 2023 Total funds 2022 Total funds Unrestricted Restricted fund funds Notes FIXED ASSETS Tangible assets 440,180 91,183 531,363 547,042 CURRENT ASSETS stocks Debtors Cash at bank and in hand 1,623 1,623 17,419 1,623 17,419 17,419 715 84,801 2,338 87,139 70,487 CREDITORS Amounts falling due within one year {20,751) (20,751) (24,278) NET CURRENT ASSETS 64,050 2,338 66,388 46,209 TOTAL ASSETS LESS CURRENT LIABILITIES 504,230 93,521 597,751 593,251 CREDITORS Amounts falling due after more than one year (184,973) (184,973) (198,669) NET ASSETS 319,257 93,521 412 778 394,582 FUNDS Unrestricted funds Restricted funds 12 319,257 93,521 301,570 93,012 TOTAL FUNDS 412,778 394,582 The charitable company is entitled to exernption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023. The mernbers have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 af the Companies Act 2006. The notes fomi part of these financial statements Page 5 continued...
INTERNATIONAL DZOGCHEN COMMUNITY OF KUNSELLING Balance Sheet - Gontinued 31 DECEMBER 2023 The trustees acknowledge their responslbilities for (a) ensuring that the charitabla company keeps accounting r6cords that comply with Sections 386 and 387 of the Cornpanies Acl 2006 and (b) preparing financial statements which give a true and fair view of the state of affairs of the charltable company as at the end of eaoh financial year and of its surplus or deficit for each financial year In accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. These financial statements have been prepared in accordance with the provisions appllcable to haritable companies subject to the small companies regime. The financial statements were approved by the Board of Trustees and authorlsed for issue on 171h.S£pt8mbAr.2D24..... and were signed on its behalf by.. M Beeston - T stee The note8 form part of these financial statements Page 8
INTERNATIONAL DZOGCHEN COMMUNrrY OF KUNSELLING Notes to the Financial Statements FOR THE YEAR ENDED 31 DECEMBER2023 ACCOUNTING POLICIES Basls of preparing the financial statements The financial statements of the charitable company, which Is a public b@nefit entity under FRS 102, have been prepared in accordance with thé Charitlés 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 Flnancial Reporting Standard applicable in the UK and Republic of Ireland, and th6 Companies Act 2006. The flnancial statements hav6 been prepared under the historical cost convention. Incomo All income is r6cognised 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. Expenditur6 Llabilities 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 obligatlon can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost relat@d to the cat89ory. Where costs cannot b6 directly attributed to particular headlngs they have been allocated to aGtivities on a basis consistent with the use of resources. Tangible fixed assets Depreclation is provided at the following annual rates in order to writo off each asset over its estimated useful lifo. Freehold property Long leasehold Improvements to propgrty Plant and rnachinery 20k on cost 2Yo an cost 2% oncost 25 % on cost stocks Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving it8ms. Taxation The charity is exempt from corporation tsx on Its charitable activities. Fund accountlng Unrestrlcted funds can be used in accordance with the charitable obj8Ctives at the discretlon of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purposé of each fund is Included in the notes to tho financial statements. Page 7 coritinued...
INTERNATIONAL DZOGCHEN COMMUNITY OF KUNSELLING Notes to the Flnanclal Statements - Continued FOR THE YEAR ENDED 31 DECEMBER 2023 NET INCOMEI(EXPENDITURE) Net incomel(expenditure) Is stated after chargingl{crediting): 2023 2022 Depreciation - owned assets ' 20,908 TRUSTEES. REMUNERATION AND BENEFITS There were no trustees, remuneration or other benefits for the year ended 31 December 2023 nor for the year ended 31 December 2022. Trustees. expenses There were no trustees, expenses paid for the year ended 31 December 2023 nor for the year ended 31 December 2022. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted Restricted fund funds Total fvnds INCOME AND ENDOWMENTS FROM Donatlons and legacies 81,659 1,526 EXPENDITURE ON Raising funds 20.537 931 21,468 Charitable activities general 55,617 55,617 Total 76.154 931 77,085 NET INCOME 5,505 595 6,100 RECONCILIATION OF FUNDS Tot81 funds brought forward 2S6,065 92,417 388,482 TOTAL FUNDS CARRIED FORWARD 301,570 93,012 394,582 Pag& 8 continued...
INTERNATIONAL DZOGCHEN COMMUNITY OF KUNSELLING Notes to the Flnanclal Statements . continued FOR THE YEAR ENDED 31 DECEMBER 2023 TANGIBLE FIXED ASSETS Improvements to property Freehold property Long 18asehold Plant and machinery Totals COST At 1 January 2023 and 31 December 2023 392 731 288,693 102,632 18,900 802,956 DEPRECIATION At 1 January 2023 Charge for year 172,061 7,854 48,114 16,840 18,899 255,914 At 31 December 2023 179,915 53,887 18,892 18,899 271593 NET BOOKVALUE At 31 December 2023 212,816 234,806 83,740 531363 At 31 DgC8mb8r 2022 220,670 240,579 85,792 547,042 STOCKS 2023 2022 Stocks 1,623 1.623 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2023 2D22 Olher debtors 17.419 Page g continued...
INTERNATIONAL DZOGCHEN COMMUNITY OF KUNSELLING Notes to the Financial Statements . contlnued FOR THE YEAR ENDED 31 DECEMBER 2023 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2023 2022 Bank loans and overdrafts {see note 10) Other creditors 13,500 13,5DO 1 D,778 20,751 24,278 CREDITORS.. AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR 2023 2022 Bank loans {see note 10) 184,973 198.669 10. LOANS An analysis of the maturity of loans is given below: 2023 2022 Amounts falling due within one year on d8mand: Bank loans 13,500 13,500 Amounts falling between one and two years: Bank loans - 1-2 years 13,500 13,500 Amounts falling due between two and five y6ars' Bank loans- 2-5 years 171,473 185,169 11. SECURED DEBTS The following secured debts are included within creditors,, 2023 2022 Bank loans 198,473 212,189 Page 10 continued...
INTERNATIONAL DZOGCHEN COMMUNITY OF KUNSELLING Notes to the FinanGial Statements . contlnued FOR THE YEAR ENDED 31 DECEMBER 2023 12. MOVEMENT IN FUNDS Net movernent in funds At 31.12.23 At1.1.23 Unrestricted funds General fund 301,570 17,687 319,257 Restrlcted funds Teaching Land 14,564 509 15,073 509 93,521 TOTAL FUNDS 394,582 412,778 Net movement in funds, included in the above are as follows.. Incoming Resources Movement resources expended in funds Unrestrlcted funds General fund 93,119 (75,432) 17,687 Restricted funds Teaching 509 509 TOTAL FUNDS Comparatives for movement in funds Net movement in funds At 31.12.22 At1.1.22 Unrestrlcted funds General fund 296,065 5,505 301,570 Restricted funds Teaching Land 13,969 78,448 595 14,564 78,448 92,417 595 93,012 TOTAL FUNDS 388,482 6,100 394,582 Page11 continued...
INTERNATIONAL DZOGCHEN COMMUNITY OF KUNSELLING Notes to the Flnanclal Statements - contlnuad FOR THE YEAR ENDED 31 DECEMBER 2023 12. MOVEMENT IN FUNDS- continued Comparative net movement In funds, Included in the above are as follows.. Incoming Resources Movement resources expended in funds Unrestricted funds General fund 81,659 (76,154) 5,505 Restricted funds Teaching 1,526 (931) 595 TOTAL FUNDS 83,185 77,085) 6,100 A current year 12 months and prior year 12 moriths combined position is as follows.. Net moiiement in funds At 31.12.23 At1.1.22 Unrestricted funds General fund 296,065 23,192 319,257 Restricted funds Teaching Land 13,969 1,104 15,073 78,448 92.417 1,104 93,521 TOTAL FUNDS 388,482 24,296 412,778 A current y&ar 12 months and prior year 12 months combined net movement in funds, included in the above ar& as follows., Incoming Resources Movement resources expended in funds Unrestricted funds General fund 174,778 (151,586) 23,192 Restricted funds Teaching 2,035 (931) 1,104 TOTAL FUNDS 176,813 (152,517) 24.296 Page 12 continued...
INTERNATIONAL DZOGCHEN COMMUNITY OF KUNSELLING Notes to the Financial Stat8ments - continued FOR THE YEAR ENDED 31 DECEMBER 2023 13. CONTINGENT LIABILITIES There are no contingent liabilitles at 31 December 2023. 14. RELATED PARTY DISCLOSURES There were no related party transactions for the year ended 31 D8cernber 2023. Page 13
INTERNATIONAL DZOGCHEN COMMUNITY OF KUNSELLING Deta116d Statement of Flnanclal Actlvltles FOR THE YEAR ENDED 31 DECEMBER 2023 2023 2022 INCOME AND ENDOWMENTS Donations and legacies Membership fees Literature, tapes and videos Event incorne Other InMe Donations Room hire 29,095 509 21,842 8,404 6,477 28,003 1,526 18,167 13,075 6,301 16,113 93,628 83,185 Total Incoming resources 93,628 83,185 EXPENDITURE other trading activities Opening stock Purchases Membershlp fees - Meriger Event expenses Closing stock 1,623 931 1,623 11,937 8,600 10,621 12,081 1,623 22,702 21.468 Charitable activities Repairs, malntenance and insurance Light and heat Literature, postage and stationery Depreciation of tangibl8 fixed assets 7,635 8,356 1,162 15,679 13,463 8,259 1,314 20,908 32,832 43,944 Support costs Flnance Sundries Bank charges Bank interest 2,251 134 150 116 11,407 11,673 Total resources expended 75,432 77,085 Net Income 6,100 This page does not form part of the statutory financial statements Page 14