| Page | |||
|---|---|---|---|
| Trustees' | report | 1-3 | |
| Independent auditor's |
report | 4-6 | |
| Statement | offinancial | activities | |
| Statement | of financial | position | |
| Statement | ofcash flows | ||
| Notes to the financial | statements | 10-22 |
| Unrestricted | Restricted | Total | Unrestricted | Restricted | Total | ||||
|---|---|---|---|---|---|---|---|---|---|
| funds | funds | funds | funds | ||||||
| 2022 | 2022 | 2022 | 2021 | 2021 | 2021 | ||||
| Notes | E | E | E' | E | E | ||||
| Donations | 76,516 | 114,563 | 191,079 | 94,964 | 155,721 | 250,685 | |||
| Investments | 60 | 60 | 452 | 452 | |||||
| Total Income | 76,576 | 114,563 | 191,139 | 95,416 | 155,721 | 251,137 | |||
| Kmttittott(EEg/Li | |||||||||
| QII80I~I~!v~i | |||||||||
| Education, Religion |
|||||||||
| and Culture | 30,762 | 30,867 | 61,629 | 29,776 | 11,781 | 41,557 | |||
| Community | |||||||||
| Development and |
|||||||||
| Empowerment | 19,375 | 234,169 | 253,544 | 30,602 | 175,222 | 205,824 | |||
| Health | 11,437 | 11,437 | 14,074 | 20,000 | 34,074 | ||||
| Total charitable | |||||||||
| expenditure | 61,574 | 265,036 | 326,610 | 74,452 | 207,003 | 281,455 | |||
| Net Income/(expenditure) | |||||||||
| before transfers | 15,002 | (150,473) | (135,471) | 20,964 | (51,282) | (30,318) | |||
| Gross transfers | |||||||||
| between funds |
10 | 358,099 | (358,099) | 10,461 | (10,461) | ||||
| Net Income/(expenditure) | |||||||||
| for the year/ | |||||||||
| Net movement | In | funds | 373,101 | (508,572) | (135,471) | 31,425 | (61,743) | (30,318) | |
| Fund balances at 1 April | 2021 | 207,637 | 618,817 | 826,454 | 176,212 | 680,560 | 856,772 | ||
| Fund balances | at | 31 March | |||||||
| 2022 | 580,738 | 110,245 | 690,983 | 207,637 | 618,817 | 826,454 |
| 2022 | 2021 | |||||||
|---|---|---|---|---|---|---|---|---|
| Notes | 6 | 6 | ||||||
| Fixed assets | ||||||||
| Property, plant and |
equipment | 11 | 3,604 | 4,513 | ||||
| Investments | 12 | 1 | 1 | |||||
| Programme related |
investments | 13 | 56,670 | 56,670 | ||||
| 60,275 | 61,184 | |||||||
| Current assets | ||||||||
| Trade and other receivables | 22,350 | 13,584 | ||||||
| Cash at bank and | in | hand | 618,648 | 769,349 | ||||
| 640,998 | 782,933 | |||||||
| Current liabilities |
16 | (10,290) | (17,663) | |||||
| Nel current assets | 630,708 | 765,270 | ||||||
| Total assets less | current liabilities | 690,983 | 826,454 | |||||
| Income funds | ||||||||
| Restncted funds |
17 | 110,245 | 618,817 | |||||
| Unrestricted funds |
580,738 | 207,637 | ||||||
| 690,983 | 826,454 | |||||||
| -.k.... ,..,,...,...,). .,."„...,..... n |
- Z'r/~ | 3 | ||||||
| Sonam TserinIkFr | si | Mr Tenzin Kunga | ||||||
| Trustee | Trustee |
| 2022 | 2021 | ||||||
|---|---|---|---|---|---|---|---|
| Notes | f | 8 | |||||
| Cash flows from operating | activities | ||||||
| Cash absorbed by operations |
21 | (150,470) | (27,960) | ||||
| Investing | activities | ||||||
| Purchase | of property, plant |
and equipment | (291) | (3,026) | |||
| Investment | income received | 60 | 452 | ||||
| Net cash | used In Investing |
activities | (231) | (2,574) | |||
| Net decrease in cash and |
cash equivalents | (150,701) | (30,534) | ||||
| Cash and | cash equivalents | at beginning | ofyear | 769,349 | 799,883 | ||
| Cash and | cash equivalents | at end of | year | 618,648 | 769,349 |
| Unrestricted | Restricted | Total | Unrestricted | Restricted | 1otal | ||
|---|---|---|---|---|---|---|---|
| funds | funds | funds | funds | ||||
| 2022 | 2022 | 2022 | 2021 | 2021 | 2021 | ||
| 6 | 6 | 6 | E | 6 | f | ||
| Donations | and gifts | 76,516 | 114,563 | 191,079 | 94964 | 155,721 | 250,685 |
| Investments | |||||||
| Unrestricted | Unrestricted | ||||||
| funds | funds | ||||||
| 2022 | 2021 | ||||||
| Interest receivable | 60 | 452 |
| Education, | Community | Health | Total | Total | ||
|---|---|---|---|---|---|---|
| Rellglon and | Development | 2022 | 2021 | |||
| Culture | and | |||||
| f | Empowerment f |
|||||
| Grant funding 6) |
of activities (see note | 59,254 | 236,265 | 10,996 | 306,515 | 249,444 |
| Support costs (see note 7) | 7,810 | 7,810 | 22,666 | |||
| Governance | costs (see note 7) | 2,375 | 9,469 | 441 | 12,285 | 9,345 |
| 61,629 | 253,544 | 11,437 | 326,610 | 281,455 | ||
| Analysis by |
fund | |||||
| Unrestricted | funds | 30,762 | 19,375 | 11,437 | 61,574 | |
| Restricted funds |
30,867 | 234,169 | 265,036 | |||
| 61,629 | 253,544 | 11,437 | 326,610 | |||
| For the year | ended 31 March 2021 | |||||
| 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 |
| 6 | Grants payable | ||||||
|---|---|---|---|---|---|---|---|
| Education, | Community | Health | Total | 2021 | |||
| Religion and | Development | ||||||
| Culture | and | ||||||
| Empowerment | |||||||
| 6 | |||||||
| Lhekshed Tshal School, Nepal |
186 | 186 | 204 | ||||
| Department of Education, Central |
|||||||
| Tibetan Administration, India |
|||||||
| a) Sponsorship ofTibetan Students |
4,778 | 4,778 | 5,480 | ||||
| b) Sponsorship ofTibetan Students under STSS |
6,713 | 6,713 | 6,179 | ||||
| Department of Religion and Culture, |
|||||||
| Central Tibetan Administration, India- |
|||||||
| Sponsorship of Monks and Nuns |
1,020 | 1,020 | 1,164 | ||||
| Tibetan Children's Village, Dharamsala a) Sponsorship ofTibetan Students |
4,142 | 4,142 | 3,580 | ||||
| b) Donation for IT Education |
7,500 | 7,500 | 7,500 | ||||
| Tibet Home Foundation, Mussoorie |
|||||||
| a) Sponsorship to Tibetan Students |
3,252 | 3,252 | 3,156 | ||||
| Tibetan Institute of Performing Arts, |
|||||||
| India | |||||||
| a) Sponsorship ofArtists Sunday Tibetan School - LIK |
156 14,608 |
156 14,608 |
156 8,268 |
||||
| Strengthening Awareness about the Panchen Lama Grant |
13,929 | 13,929 | 3,513 | ||||
| Annual talk on Buddhism, Tibetan Culture and History |
424 | 424 | 650 | ||||
| Finnish - Tibetan Cultural Association | 2,330 | 2,330 | |||||
| Central Tibetan Relief Committee, | |||||||
| Department of Home, Central Tibetan |
|||||||
| Administration, India a) Sponsorship of Elderly people |
2,096 | 2,096 | 1,304 | ||||
| His I-ioliness 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 |
160,727 | 160,727 | 175,222 | ||||
| Tibetan Youth Employment Fund |
73,441 | 73,441 | |||||
| Carried forward | 59,038 | 236,264 | 295,302 | 216,376 |
| 6 | Grants payable | (Continued) | ||||||||
| Education, | Community | Health | Total | 2021 | ||||||
| Religion and | Development | |||||||||
| Culture | and | |||||||||
| Empowerment | ||||||||||
| E | ||||||||||
| Brought forward | 59,038 | 236,264 | 295,302 | 216,376 | ||||||
| Tibetan Cholsum Society |
||||||||||
| a) Shalu Monastery for |
eldery stipend | 216 | 216 | 216 | ||||||
| Department of Health, |
Central Tibetan | |||||||||
| Administration, India |
||||||||||
| a) Local clinics in remote Tibet Settlements |
20,000 | |||||||||
| b) Sponsorship of Disabled Ngoenga School |
Children | at | 4,467 | 4,467 | 4,252 | |||||
| c) Delek Hospital Fund d) Delek Hospital COVID donation |
700 | 700 | 600 5,000 |
|||||||
| e) Donation to Tearing health worker |
Dolker - social | 3,000 | ||||||||
| f) COVID Donation to The Central Tibetan Relief Commitee, india |
5,829 | 5,829 | ||||||||
| 59,254 | 236,265 | 10,996 | 306,515 | 249,444 | ||||||
| 7 | Support and governance | costs Support |
Governance | 2022 | Support | Governance | 2021 | |||
| costs | costs | costs | costs | |||||||
| 6 | f | |||||||||
| Depreciation | 1,201 | 1,201 | 1,205 | 1,205 | ||||||
| Administration fees |
7,964 | 7,964 | 12,265 | 12,265 | ||||||
| (Gains)/losses on foreign exchange |
(154) | (154) | 10,401 | 10,401 | ||||||
| Audit fees | 7,708 | 7,708 | 6,600 | 6,600 | ||||||
| Travel and subsistence | 2,140 | 2,140 | 855 | 855 | ||||||
| Repairs and maintenance | 891 | 891 | 256 | 256 | ||||||
| Miscellaneous | 133 | 133 | 211 | 211 | ||||||
| Bank charges | 212 | 212 | ?18 | 218 | ||||||
| 7,810 | 12,285 | 20,095 | 22,666 | 9,345 | 32,011 |
| Property, plant and |
equipment | ||
|---|---|---|---|
| Fixtures, fittings | &equipment | ||
| 8 | |||
| Cost | |||
| At 1 April 2021 Additions |
12,782 292 |
||
| At 31 March 2022 | 13,074 | ||
| Depreciation and Impairment At 1 April 2021 Depreciation charged in the year |
8,269 1,201 |
||
| At 31 March 2022 | 9,470 | ||
| Carrying amount At 31 March 2022 |
3,604 | ||
| At 31 March 2021 | 4,513 |
| 12 | Fixed asset investments | Fixed asset investments | (Continued) | (Continued) | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Other | |||||||||||
| investments | |||||||||||
| Cost orvaluation | |||||||||||
| At1 April 2021 &31 March 2022 | |||||||||||
| Carrying amount |
|||||||||||
| At 31 March 2022 | |||||||||||
| At 31 March 2021 | |||||||||||
| 2022 | 2021 | ||||||||||
| Other investments | comprise: | Notes | E | E | |||||||
| Investments in subsidiaries |
20 | ||||||||||
| 13 | Programme related investments |
||||||||||
| At 1April 2021 and at 31March | 2022 | 56,670 | |||||||||
| The above investment comprises |
equity | and preference | shares | held | in Gang-Jong | Development | Finance | ||||
| PVT Limited (GF), a company | incorporated | in india. The | pdimary | objective ofGF is to | provide small | business | |||||
| loans to Tibetans | in india. | ||||||||||
| 14 | Financial instruments |
2022 | 2021 | ||||||||
| F | E | ||||||||||
| Carrying amount |
offinancial | assets | |||||||||
| Equity instruments | measured | at cost less | impairment | 56,671 | 56,671 | ||||||
| Carrying amount |
offinancial | liabilities | |||||||||
| Measured at amortised cost |
10,290 | — | 17-,663 | ||||||||
| 15 | Trade and other | receivables | |||||||||
| 2022 | 2021 | ||||||||||
| Amounts falling |
due within | one | year: | E | E | ||||||
| Other receivables | 22,350 | 13,584 |
| 16 | Current | liabilities | ||
|---|---|---|---|---|
| 2022 | 2021 | |||
| 6 | 6 | |||
| Other payables | 10,290 | 17,663 |
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| 18 | Analysis of net assets | Analysis of net assets | between | between | funds | funds | funds | |||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | ||||||||||||||||||||
| funds | funds | |||||||||||||||||||||
| 6 | 6 | |||||||||||||||||||||
| Fund balances at 31 | March 2022 are | represented | by: | |||||||||||||||||||
| Property, plant and equipment |
3,604 | 3,604 | ||||||||||||||||||||
| Investments | 1 | 1 | ||||||||||||||||||||
| Programme related assets |
56,670 | 56,670 | ||||||||||||||||||||
| Current assets | 520,463 | 110,245 | 630,708 | |||||||||||||||||||
| 580,738 | 110,245 | 690,983 | ||||||||||||||||||||
| 19 | Related party transactions | |||||||||||||||||||||
| In the prior year, the | Trust received | donations | of610,000 from | the | Tibet Charitable | Trust, | a | charity of which | Mr | |||||||||||||
| Hansjorg Mayer is also |
a Trustee. | |||||||||||||||||||||
| 20 | Subsidiaries | |||||||||||||||||||||
| Details ofthe Trust's | subsidiary | at | 31 March | 2022 | are | as follows: | ||||||||||||||||
| Name of undertaking | Registered | Nature ofbusiness | Class of | '/0 Held | ||||||||||||||||||
| office | shares | held | Direct | Indirect | ||||||||||||||||||
| Tibet House Limited | England | & | Wales | Dormant | Ordinary | 100.00 | ||||||||||||||||
| Ths aggregate capital and reserves |
and | the | result | for | the year ofsubsidiaries | exduded | from consolidation | was | ||||||||||||||
| as follows; | ||||||||||||||||||||||
| Name of undertaking | Profit/(Loss) | Capital | and | |||||||||||||||||||
| Reserves | ||||||||||||||||||||||
| 6 | 6 | |||||||||||||||||||||
| Tibet House Limited | ||||||||||||||||||||||
| 21 | Cash generated from |
operations | 2022 | 2021 | ||||||||||||||||||
| 6 | 6 | |||||||||||||||||||||
| Deficit for ths year | (135,471) | (30,318) | ||||||||||||||||||||
| Adjustments for: |
||||||||||||||||||||||
| Investment income recognised in |
statement | of financial | activities | (60) | (452) | |||||||||||||||||
| (Gain)/loss on disposal |
of property, | plant | and equipment | 1 | ||||||||||||||||||
| Depreciation and impairment |
of | property, | plant and equipment | 1,201 | 1,204 | |||||||||||||||||
| Movements in working |
capital: | |||||||||||||||||||||
| (Increase)/decrease | in | trade | and | other receivables | (8,767) | 29,948 | ||||||||||||||||
| (Decrease) in trade and other payables |
(7,373) | (28,343) | ||||||||||||||||||||
| Cash absorbed by |
operations | (150,470) | (27,960) |