2023-03-31-accounts - Tibet House Trust

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		Page
Trustees' report		1-3
Statement ofTrustees'	responsibilities
Independent auditofs	report	5-7
Statement offinancial	activities
Statement offinancial	position
Statement ofcash flows		10
Notes to the financial statements		11-22

				2023		2022
		Notes				6
Fixed assets
Property, plant and equipment		10			8,073		3,604
Investments		11			1		1
Programme related investments		12			56,670		56,670
					64,744		60,275
Current assets
Trade and other receivables		14	13,601			22,350
Cash at bank and in hand			1,299,453			618,648
			1,313,054			640,998
Current liabilities		15	(34,515)			(10,290)
Net cunent assets				1,278,539			630,708
Total assets less current liabilities				1,343,283			690,983
Income funds
Restricted funds		16			767,383		110,245
Unrestricted funds					575,900		580,738
				1,343,283			690,983
The financial statements	were approved	by the Trustees on .....Wf		~.!..	H4
Mr Hansjorg Mayer			Sonam Tsering Fras
Trustee			Trustee

			Unrestricted	Restricted	Total	Unrestricted	Restriicted	Total
			funds	funds		funds	funds
			2023	2023	2023	2022	2022	2022
		Notes	8	6	6		5
Income from:
Donations			45,325	733,679	779,004	76,516	114,563	191,079
Investments			1,312		1,312	60		60
Total income			46,637	733,679	780,316	76,576	114,563	191,139
~E* dil
Charitable activities
Education, Religion
and Culture			40,299	39,870	80,169	30,762	30,867	61,629
Community
Development	and
Empowerment			4,512	26,176	30,688	19,375	234,169	253,544
Health			7,159	10,000	17,159	11,437		11,437
Total charitable
expenditure			51,970	76,046	128,016	61,574	265,036	326,610
Net (expenditure)/income
before transfers			(5,333)	657,633	652,300	15,002	(150,473)	(135,471)
Gross transfers
between funds			495	(495)		358,099	(358,099)
Net movement		in funds	(4,838)	657,138	652,300	373,101	(506,572)	(135,471)
Fund balances	at 1 April 2022		580,738	110,245	690,983	207,637	618,817	826,454
Fund balances		at 31 March
2023			575,900	767,383	1,343,283	580,738	110,245	690,983

			2023		2022
		Notes	f
Cash flows from operating	activities
Cash generated from/(absorbed by)		20
operations				686,653		(150,470)
Investing activities
Purchase of property, plant	and equipment		(7,160)		(291)
Investment income received			1,312		60
Net cash used in investing	activities			(5,848)		(231)
Net increase/(decrease) in	cash and	cash
equivalents				680,805		(150,701)
Cash and cash equivalents	at beginning	ofyear		618,648		769,349
Cash and cash equivalents	at end of	year		1,299,453		618,648

			Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
			funds	funds		funds	funds
			2023f	2023	2023f	2022f	2022 f.	2022f
Donations	and	gifts	45,325	733,679	779,004	76,516	114,563	191,079

		Unrestricted	Unrestricted
		funds	funds
		2023f	2022f
Interest	receivable	1,312	60

			Education,	Community	Health	Total	Total
			Religion and	Development		2023	2022
			Culture	and
			f	Empowerment f
Grant funding		of activities (see note
6)			71,660	28,488	15,337	115,485	306,515
Support costs (see note 7)				(1,182)		(1,182)	7,810
Governance		costs (see note 7)	8,509	3,382	1,822	13,713	12,285
			80,169	30,688	17,159	128,016	326,610
Analysis by		fund
Unrestricted		funds	40,299	4,512	7,159	51,970
Restricted funds			39,870	26,176	10,000	76,046
			80,169	30,688	17,159	128,016
Forthe year		ended 31 March 2022
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

Grants payable
		Education,	Community	Health	Total	Total
		Religion and	Development		2023	2022
		Culture	and
		f	Empowerment f
Lhekshed Tshal School, Nepal						186
Department ofEducation, Central
Tibetan Administration, India
a) Sponsorship ofTibetan Students		3,386			3,386	4,778
b) Sponsorship ofTibetan Students
under STSS		7,980			7,980	6,713
Department of Religion and Culture,
Central Tibetan Administration, India-
Sponsorship of Monks and Nuns		804				1,020
Tibetan Children's Village, Dharamsala
a) Sponsorship ofTibetan Students		4,600			4,600	4,142
b) Donation for IT Education		6,250			6,250	7,500
Tibet Home Foundation, Mussoorie
a) Sponsorship to Tibetan Students		3,228			3,228	3,252
Tibetan Institute of Performing Arts,
India
a) Sponsorship ofArtists		156			156	156
Sunday Tibetan School - UK		16,102			16,102	14,608
Strengthening Awareness about the
Panchen Lama Grant		22,036			22,036	13,929
Annual talk on Buddhism, Tibetan
Culture and History		5,170			5,170	424
Finnish - Tibetan Cultural Association		1,732			1,732	2,330
Central Tibetan Relief Committee,
Department of Home, Central Tibetan
Administration, India
a) Sponsorship of Elderly people			2,312		2,312	2,096
His Holiness Dalai Lama Religious 8
Cultural Society, Tibetan Voluntary
Association, Tibetan Policy Institution,
Social and Resource Development	and
Department of Information &
International Relations, India-
Tibetan Human Rights Programme			26,176		26,176	160,727
Tibetan Youth Employment Fund						73,441
Carried forward		71,444	28,488		99,932	295,302

6	Grants payable											(Continued)
								Education,	Community	Health	Total	Total
								Religion and	Development		2023	2022
								Culture	and
								Empowerment
									f
	Brought forward							71,444	28,488		99,932	295,302
	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									10,000	10,000
	b) Sponsorship of Disabled Ngoenga School				Children		at			4,668	4,668	4,467
	c)Delek Hospital	Fund								620	620	700
	f) COVID Donation	to The			Central
	Tibetan Relief Commitee, india									49	49	5,829
								71,660	28,488	15,337	115,485	306,515
7	Support and governance				costs
						Support		Governance	2023	Support	Governance	2022
							costs	costs		costs	costs
							f	f		f	f
	Depreciation							2,691	2,691		1,201	1,201
	Administration fees						2,101		2,101	7,964		7,964
	(Gains)/losses on	foreign
	exchange					(3,283)			(3,283)	(154)		(154)
	Audit fees							8,950	8,950		7,708	7,708
	Travel and subsistence							1,200	1,200		2,140	2,140
	Repairs and maintenance							236	236		891	891
	Miscellaneous							424	424		133	133
	Bank charges							212	212		212	212
						(1,182)		13,713	12,531	7,810	12,285	20,095

Property, pl	ant and	equipment
			Fixtures, fittings S,equipment
			K
Cost
At 1 April 2022			13,074
Additions			7,160
At 31 March	2023		20,234
Depreciation	and impairment
At 1 April 2022			9,470
Depreciation	charged	in the year	2,691
At 31 March	2023		12,161
Carrying amount
At 31 March	2023		8,073
At 31 March	2022		3,604

Fixed asset inves	tments
				Other
				investments
Cost or valuation
At 1 April 2022 &31 March 2023
Carrying amount
At 31 March 2023
At 31 March 2022
			2023	2022
Other investments	comprise:	Notes	6	9
Investments in subsidiaries		19

13	Financial instruments	Financial instruments			2023	2022
					6	E
	Carrying amount	offinancial		assets
	Equity instruments	measured		at cost less impairment	56,671	56,671
	Carrying amount	offinancial		liabilities
	Measured at amortised		cost		34,515	10,290
14	Trade and other	receivables
					2023	2022
	Amounts falling	due	within one year:			6
	Other receivables				13,601	22,350
15	Current liabilities
					2023	2022
						6
	Other payables				34,513	10,290
	Accruals and deferred		income		2
					34,515	10,290

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				Unrestricted	Restricted	Total
				funds	funds
					6
Fund balances at 31 March 2023 are represented			by:
Property,	plant and equipment			8,073		8,073
Investments				1		1
Programme		related assets		56,670		56,670
Cunent	assets			511,156	767,383	1,278,539
				575,900	767,383	1,343,283

Detail	s ofthe Trust's subs	idiary at 31 March 202	idiary at 31 March 202	3are as follows:
Name	ofundertaking	Registered		Nature ofbusiness	Class of	'/o	Held
		office			shares held	Direct	Indirect
Tibet	House Limited	England	&Wales	Dormant	Ordinary	100.00

	The aggregate capital as follows:	and re	serv	es and the result fo	r the year ofsubsidiarie	r the year ofsubsidiarie	s excluded from cons	olidation was
	Name ofundertaking			Profit/(Loss)	Capital and
						Reserves
				6
	Tibet House Limited
	The Company was dissolved		on 12December 2023.
20	Cash generated from	operations					2023	2022
							6	6
	Surplus/(deficit) for the	year					652,300	(135,471)
	Adjustments for:
	Investment income recognised		in	statement offinancial		activities	(1,312)	(60)
	Depreciation and impairment		of property, plant and equipment				2,691	1,201
	Movements in working	capital:
	Decrease/(increase) in	trade and		other receivables			8,749	(8,767)
	Increase/(decrease) in	trade and other payables					24,225	(7,373)
	Cash generated from/(absorbed			by) operations			686,653	(150,470)