CHARITY COMMISSION FOR ENGLAND ANO WALES Trustees, Annual Report for the period From 0110112023 To 3111212023 Charity name: The Bhutan Society Trust Fund Charity registration number: 1041260 Objectives and Activities SORP refvTgnce Para 1.17 Summary of the purposes ofthe charity as set out in its governing document The relief of the poor, the handicapped and the sick, and the advancement of education and religion in the kingdom of Bhutsn. Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or ser4ice8 identified in the accounts. Para 1.17 and 1.19 The Bhutan Society Trust Fund is a small charity created in 1994 to support good causes in the Kingdom of Bhutan. Since then, it has helped disabled and disadvantaged children and adufts, supported education, health, ancient building, cultural and horticultural projects and worked with Bhutanese not-for-profit partners, wilh small, focused grants. Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit P8ra 1.18 The Trustees are acquainted with the Charity Commission guidance on public benefit, which informs their decisions on activities to support and grants to be made. Achievements and Performance SORP reference The Trust Fund made four grants in 2023 at a totsl cost of £11,630 (including £30 of currency transfer fees). £5,000 was granted to the Bhulan Stroke Foundation to conduct post stroke research and awareness as part of setting up this new organisation. A £3,500 grant to Book Aid Intemational funded shipping of 3,000 books to libraries with local partners READ Bhutsn. Royal Universty of Bhutan. RG University of Medical Sciences,. and Royal Academy School. A grant of £2,000 was awarded to Hope 108 to continue its support of disadvantaged schoolchildren. £1,100 to Opening Your Heart to Bhutan enabled building a new path at Ketokha Primary School. Summary of the main achievements of the charty, identifying the difference the charity's work has made to the circumstances of its beneficiaries and any wider benefrts to society as a whole. Par8 1.20
Financial Review Review of the charity's financial position at the end of the period Para 1.21 The Trust's Net Assets were £120,210 as at 31st December 2023, up by £11,689. The increase was driven by 2023's surplus, partly offset by a decrease of £2.149 in our Charifund Units (the year-to-year revaluation of investments which is mandatory for charity accounts). Statement explaining the policy for hoSding resepdes stating why they are held Para 1.22 The Trust has no ongoing financial commitments, as there are no operating costs and all grants are one-off. Given this, the Trustees have not seen the need for a reserves policy, but have agreed a policy to hold a minimum of £10.000 in cash at the bank. In addition to this, the Trust Fund maintsins a level of general reserves and seeks to distribute the income arising from the invested funds. The General funds invested for income were valued at £89,277 as at 318t December 2023. Amount of reseNes held Par8 1.22 See above. Reasons for holding zero resenies Details of fund materially in deficit Para 1.22 nla Para 1.24 nla Explanation of any uncertainties about the charty continuing as a oin concern Para 1.23 nla Structure. Governance and Management Type of governing document trust deed, ro al charter How is the charity constituted? (e.g. unincorporated associalion, cio Trustee selection methods including details of any constitutional provisions e.g. election to post or name of any person or body entitled to appoint one or more trustees Para 1.25 Trust Deed Para 1.25 Trust Para 1.25 Appointed by quorum at a Trustees Meeting. Reference and Administrative details Chari name Other name the chari uses Re istered chari number Charity's prFncipal address The Bhutan Socie nla 1041260 82 Sterndale Road London W14 OHX Trust Fund
Names of the charity trustees who manage the charity: Trustse name Offico {If any Date8 actsd if not for wholo year Name of person lor body) entitlod to appoint tN$teg lif an Sir Simon Bowes Lyon Susan Gross David Glazebrook Michael Rutland OBE Andrew Sutton FCA Rosie Glazebrook Zara Fleming Chair Secretary Treasurer Trustee Vvhole year IDlhole year V4hole year VNhole year Wlhole year Vvhole year Whole Year Quorum of Trustees Quorum of Trustees Quorum of Trustees Quorum of Trustees Quorum of Trustees Quorum of Trustees Quorum of Trustees Trustee Trustee Trustee Corporate trustees - names of the directors at the date the report was approved: nla Name of trustees holding title to property belonging to the charity: nla Funds held as custodian trustees on behalf of others Description of the assets held in this capacity nla Name and objects of the charty on whose behalf the assets are held and how this falls within the custodian charity's objects nla Details of arrangements for safe custody and segregation of such assets from the charty's own assets nla Declarations The trustoes declare that thèy have approved the trustees, report above. Signed on behalf of the charity's trustses Signature Full name Sir Simon Alexander Bowes Lyon Nicholas David .rk1and Glazebrook Posltion Chair Treasurer Dats 11. Oct-. LOL 11. O. LOLY
CHARITY COMMISSION FOR ENGLAND AND WALES Bhutan Society Trust Fund Annual accounts for the period 0110112023 3111212023 Charity No. 1041260 From Section A Statement of financial activities Rostrlctsd Unrnstrlctsd Income funds funds Rocommended categorl•s by actlvlty Endowmant funds Prior year funds Total funds Incoming resources Incorng and endowmonts from: Donallons and legac4e8 Chatable acOvRI88 Olher tradlng actIvIa8 Inveslm&nts 19,650 365 20,015 3,715 5,453 5,453 5.188 Stparats matsrial Item of Incomè Other Total 25,103 365 25,468 8.903 Rè80urces exponded Expenditure on: Raislng fund8 Charitablè adivlks 10,610 990 11,600 7,825 s6rats matsrlal ttem ofexpense 30 10,640 30 11,630 61 7,886 Total 990 Net Incomel(expendlture> before inve8th)ent gainsl{losses) 14.483 625 13,838 1,017 Nel gaIn(lo$s88) on investments 2,149 12,314 2.149 11,889 5,392 4.375 Net incomel(8xpenditure) Extraordlnary Items Transfern between funds Other recognised gainsl(108808) 625 G81ns &1088es on revaSuathJn offlx8d 88Sgts fortho ch•rW$ cAwn u Other gèirt81l$l Net movement In funds 12,314 625 11,689 4,375 Reconclllation of funds Total fund$ brought forward 107.896 120.210 625 108,521 120.210 112,896 lQ8,521 Total funds carrled fonvard CC17a (Excel) Accounts - Page 1
Section B Balance sheet Restrictsd in¢ome funds Unrostrlcted fund3 Endowment Total thls funds y•ar Total last year Fixed assets Intangible assets Tangible assets Heritage assets Investments Total fixed assets Current assets stocks Debtors Investments Cash at bank and in hand Total cunpnt assets 89,277 40,938 130,213 89,277 40,936 130,213 91,426 27,098 118,524 Croditor8: Amounts falllng due wfthln one year Net currnnt assets/(Ilablllties) 130,213 130,213 118,524 Totsl assets less current liabilities 130,213 130,213 118,524 Creditors: Amounts falllng due after one year Provisions for liabilikn'es 10,003 10,003 10,003 Total not assets or liabllltses 120,210 120,210 108,521 Funds of the Charity Endowment funds Restricted income fund8 Unrestricted funds Revaluats'on reserve 625 120,210 120,210 107,896 Total funds 120,210 120,210 108,521 Signed by one or Iwo truste8s on behalf of all the trustses Signature Print Name Date 11.10. S I tL 11.10.4 C17a {Exixl) Accounts- Page 2
CHARITY COMMISSION FOR ENGLAND AND WALES Independent examinerfs report on the accounts Report to the trustses Bhutan Society Trust Fund On accounts for year ended 31 t)ecemter 2023 Charity no 1041260 Set out on pages I report to the trustees on my examination of the accounts of the above charity ('Ihe Trust.) for the year ended 31112 12023. Responsibllitias and basi6 of report As the charity's trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (°the Act.). I report in respect of my examination of the Trusys accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions gen by the Charity Commission under sethon 145(5)(b) of the Act. Independent I have completed my examination. I confimi that no material matters have examinerfs statsment come to my attention in connectSon with the examinalion4814w which gives me cause to believe that in, any material respect: the accounting records were not kept in accordance with section 130 of the Charitres Act; or the accounts did nol accord with the accounting records; or the accounts did not comply with the applicable requirements conceming Ihe form and content of accounts set out in the Charlties {Accounts and Reports) R8guSations 2008 other than any requlrement that the accounts give a Irue and fairf view which is not a matter considered as part of an independent examinatlon. I have no concerns and have Cofne across no other matters in connection with the examination to which attention should b& drawn in thts report in order to enable a proper understanding of the accounts to be reached. Plea$8 delete the words in the brackets if they do not apply. Signed: Name: oL?I l¢Q Relevant professlonal qualification(s) or body {If any): Addr. 2>4 SE3 E> IER
Section B Disclosure Only complete ff the examiner needs to highlight materFal matters of concem (see CC32, Independent examination of charity accounts: directions and guidance for examiners). Glve her• brief details of any Items that the examiner wishes to disclose. IER