2021-03-31-accounts - Tibet House Trust

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			Page
Trustees'	report		1-3
Independent auditor's		report	4-6
Statement	offinancial	activities
Statement	offinancial	position
Statement	ofcash flows
Notes to	the financial	statements	10-21

Trustees		Viscount Michael Cowdray	Viscount Michael Cowdray
		Mr Hansjorg Mayer
		Mr Sonam Tsering	Frasi
		Ms Pema Yoko		(Appointed	14September 2020)
Secretary		Mrs Tenzin Zeydhan
Charity	number	1037230
Principal	address	1 Culworth Street
		London
		NW8 7AF
Auditor		Citroen Wells
		Chartered Accountants
		Devonshire House
		1 Devonshire Street
		London
		W1W 5DR
Bankers		Barclays Bank Pic
		St Johns Wood Branch
		40 WellingtonRoad
		St John Wood
		London
		NW8 9TJ

		Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
		funds	funds		funds	funds
		2021	2021		2020	2020	2020
	Notes		F		F	F
Income from:
Donations		94,964	155,721	250,685	105,808	26,945	132,753
Investments		452		452	2,762		2,762
Total income		95,416	155,721	251,137	108,570	26,945	135,515
Charitable activities
Education, Religion and Culture		29,776	11,781	41,557	46,796	22,284	69,080
Community
Development and Empowerment		30,602	175,222	205,824	34,163	560,999	595,162
Health		14,074	20,000	34,074	4,501		4,501
Total charitable	expenditure	74,452	207,003	281,455	85,460	583,283	668,743
Net income/
(expenditure) before transfers		20,964	(51,282)	(30,318)	23,110	(556,338)	(533,228)
Gross transfers
between funds		10,461	(10,461)		1,021	(1,021)
Net income/(expenditure)
for the year/
Net movement	in funds	31,425	(61,743)	(30,318)	24,131	(557,359)	(533,228)
Fund balances	at 1
April 2020		176,212	680,560	856,772	152,081	1,237,919	1,390,000
Fund balances	at 31
March 2021		207,637	618,817	826,454	176,212	680,560	856,772

			Notes	2021 E		2020 f
Fixed assets
Property, plant and	equipment		10		4,513		2,692
Investments			11		1		1
Programme related	investments		12		56,670		56,670
					61,184		59,363
Current assets
Trade and other receivables			14	13,584		43,532
Cash at bank and	in hand		769,349			799,883
			782,933			843,415
Current liabilities			(17,663)			(46,006)
Net current assets					765,270		797,409
Total assets less	current	liabilities			826,454		856,772
Income funds
Restricted funds			16		618,817		680,560
Unrestricted funds					207,637		176,212
					826,454		856,772
The financial statements		were approved	by the Trustees on	'~l ~i ..................~H
Mr Hansjorg Ma	r		r Sonam Tsering
(, Trustee			Trustee

				2021		2020
			Notes			f
Cash flows from operating		activities
Cash absorbed by operations			20		(27,960)		(531,692)
Investing	activities
Purchase	of property, plant	and equipment		(3,026)		(1,729)
Investment	income received			452		2,762
Net cash investing	(used in)/generated from activities				(2,574)		1,033
Net decrease in cash and		cash equivalents			(30,534)		(530,659)
Cash and	cash equivalents	at beginning	of year		799,883		1,330,542
Cash and	cash equivalents	at end ofyear			769,349		799,883

Charitable	activitie	s
			Education,	Community	Health	Total	Total
			Religion and	Development		2021	2020
			Culture	and
			Empowerment
				f
Grant funding of note 6)		activities (see	40,066	176,526	32,852	249,444	634,898
Support costs (see		note 7)		22,666		22,666	25,404
Governance	costs (see note 7)		1,491	6,632	1,222	9,345	8,441
			41,557	205,824	34,074	281,455	668,743
Analysis by fund
Unrestricted	funds		29,776	30,602	14,074	74,452
Restricted	funds		11,781	175,222	20,000	207,003
			41,557	205,824	34,074	281,455
For the year ended 31 March 2020 Unrestricted funds			46,796	34,163	4,501		85,460
Restricted	funds		22,284	560,999			583,283
			69,080	595,162	4,501		668,743

Grants payable
		Education,	Community	Health	Total	2020
		Religion and	Development
		Culture	and
		Empowerment
			F
Lhekshed Tshal School, Nepal		204			204	202
Department of Education, Central
Tibetan Administration, India
a) Sponsorship ofTibetan Students		5,480			5,480	5,363
b) Sponsorship ofTibetan Students under STSS		6,179			6,179	6,322
Department of Religion and Culture,
Central Tibetan Administration, India-
Sponsorship of Monks and Nuns		1,164			1,164	1,164
Tibetan Children's Village,
Dharamsala
a) Sponsorship ofTibetan Students b) Donation for IT Education		3,580 7,500			3,580 7,500	4,048 7,250
Tibet Home Foundation, Mussoorie
a) Sponsorship to Tibetan Students		3,156			3,156	2,976
Tibetan Institute of Performing Arts,
India
a) Sponsorship ofArtists Sunday Tibetan School - UK		156 8,268			156 8,268	312 20,704
Education sponsorship to Tibetan student in the UK						260
Strengthening Awareness about the Panchen Lama Grant		3,513			3,513
Annual Talk		650			650
Finnish -Tibetan Cultural Association						1,580
Central Tibetan Relief Committee,
Department of Home, Central Tibetan
Administration, India a) Sponsorship of Elderly people			1,304		1,304	1,284
His Holiness Dalai Lama Religious	&
Cultural Society, Tibetan Voluntary
Association, Tibetan Policy Institution,
Social and Resource Development
and Department of Information &
International Relations, India- Tibetan Human Rights Programme			175,222		175,222	507,119
Tibetan Youth Employment Fund						53,880
Sponsorship of public screening Dalai Lama Scientist movie						2,070
Sponsorship ofthe visit of his Eminence Ling Rinpochen						1,390
Carried forward		39,850	176,526		216,376	615,924

6	Grants payable					(Continued)	(Continued)
			Education,	Community	Health	Total	2020
			Religion and	Development
			Culture	and
				Empowerment
				f
	Brought forward		39,850	176,526		216,376	615,924
	Sponsorship ofTibetan teachers weekend workshop						8,165
	25th anniversary programme						5,690
	Tibetan Cholsum Society
	a) Purchase of projector for talks and conferences	office					462
	b) Shalu Monastery for eldery stipend		216			216	216
	Department of Health, Central Tibetan
	Administration, India
	a) Health Clinics in Arunachal
	Pradesh (funded by the Tibet Charitable Trust)				20,000	20,000
	b) Sponsorship of Disabled at Ngoenga School c) Delek Hospital Fund	Children			4,252 600	4,252 600	3,841 600
	d) Delek Hospital COVID donation				5,000	5,000
	e) Donation to Tsering Dolker -social health worker				3,000	3,000
			40,066	176,526	32,852	249,444	634,898
7	Support and governance	costs		Support	Governance	2021	2020
				costs	costs
	Depreciation				1,205	1,205	609
	Administration fees			12,265		12,265	36,441
	Loss/(Gain) on foreign exchange			10,401		10,401	(11,037)
	Audit fees				6,600	6,600	5,400
	Travel and subsistence				855	855	633
	Repairs and maintenance Miscellaneous				256 211	256 211	1,100 516
	Bank charges				218	218	183
				22,666	9,345	32,011	33,845

			&equipmentf
Cost
At 1 April 2020			9,898
Additions			3,026
Disposals			(142)
At 31 March	2021		12,782
Depreciation	and impairment
At 1 April 2020			7,206
Depreciation	charged	in the year	1,204
Eliminated in	respect	of disposals	(141)
At 31 March	2021		8,269
Carrying amount At 31 March 2021			4,513
At 31 March	2020		2,692

11	Fixed asset investments			(Continu ed)
	Other investments comprise:	Notes	2021f	2020f
	Investments in subsidiaries	19
12	Programme related investments
	At 1 April 2020 and at 31 March 2021			56,670

	The above investment	The above investment	comprises	comprises	equity and	preference	shares	shares	in Gang-Jong	in Gang-Jong	Development	Finance
	PVT Limited (GF), a		company		incorporated	in India.	The	primary	objective	of	GF is to provide	small
	business loans to	Tibetans in		India.
13	Financial instruments										2021f	2020 f
	Carrying amount	offinancial		assets
	Equity instruments	measured		at	cost less impairment						56,671	56,671
	Carrying amount	offinancial		liabilities
	Measured at amortised		cost								17,663	46,006
14	Trade and other	receivables
	Amounts falling	due	within	one year:							2021 f	2020f
	Other receivables										13,584	43,532
15	Current liabilities
											2021f	2020f
	Other payables										17,663	46,006

donations and grants	held on trust f	or specific pu	rposes:	rposes:
			Movement		in funds
	Balance at 1	Donations	Grants Monitoring			and Transfer from Balance at 31
	April 2020	receivable	payable	in administration			unrestricted	March 2021
		in year	year			fees	fund
							f	F
Tibet House Fund	358,099							358,099
The Tibet Charitable
Trust Fund	10,000	10,000	(20,000)
Dharma Network
Limited Fund	93							93
The Dalai Lama
Foundation Canada
Fund	131,373							131,373
The PF Charitable
Trust Fund	1,094							1,094
Finnish-Tibetan
Cultural Association
Fund	18,548							18,548
The European Commission Fund	149,046	115,596	(175,222)		(12,266)		1,805	78,959
Sunday Tibetan School Fund	3,065	14,481	(8,268)					9,278
Strengthening
Awareness about
the Panchen Lama
Grant		15,644	(3,513)					12,131
Other Restricted
Funds	9,242							9,242
	680,560	155,721	(207,003)		(12,266)		1,805	618,817

Name	ofundertaking	Registered	Registered	Nature ofbusiness	Class of	Class of	% Held
		office			shares	held	Direct
Tibet	House Limited	England	8	Dormant	Ordinary		100.00
		Wales

consolidation was as	fo	llows:
Name of undertaking			Profit/(Loss)		Capital		and
						Reserves
					F		F
Tibet Mouse Limited
Cash generated from		operations						2021	2020
									F
Deficit for the year								(30,318)	(533,228)
Adjustments for;
Investment income recognised			in statement		offinancial		activities	(452)	(2,762)
Loss on disposal of property,			plant and equipment					1
Depreciation and impairment			of property,	plant and		equipment		1,204	609
Movements in working		capital:
Decrease/(increase)	in	trade and other receivables						29,948	(33,211)
(Decrease)/increase	in	trade	and other payables					(28,343)	36,900
Cash absorbed by	operations							(27,960)	(531,692)