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|---|---|---|---|
|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|
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|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||||
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|||Unrestricted|Restricted|Total|Unrestricted|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|
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||||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|||||
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|||||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|
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|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|
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|6|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|
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|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|
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||||Fixtures, fittings|&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|
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|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|held|in Gang-Jong|in Gang-Jong|Development|Finance|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|
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|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|
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|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||||||
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|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)|
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