2020-12-31-accounts - Rokpa Trust

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	Page
Trustees' report
Report ofthe Independent Auditors
Consolidated Statement of Financial Activities	12
Group Balance Sheet	13
Company Balance Sheet	14
Group Cash Flow Statement	15
Notes to the financial statements	16

year ended	31stDecember 20	20.
Reference	and administrative	details
Charity number:		1059293	(England	&Wales)
		SCO38628	(Scotland)
Company	number.	3260031	(England	&Wales)
Registered	office:	FIFTEEN Rosehill
		Montgomery	Way
		Rosehill Estate
		Carlisle
		CA1 2RW
Principal office:		Kagyu Samye Ling
		Eskdalemuir
		Langholm
		Dumfries &	Galloway
		DG13 OQL

		Lama Yeshe	Losal Rinpoche	Losal Rinpoche
		John Maxwell
		Ani Lhamo
		Karma Lhamo		Cosgrove
		Lama Zangmo
		Tsultim Palbar		Lama
Company	secretary:	Sean Michael		McGovem
Auditors:		Dodd &Co Limited
		FIFTEEN Rosehill
		Montgomery	Way
		Rosehill Estate
		Carlisle
		CA1 2RW
Bankers:		Royal Bank ofScotland
		Lockerbie
		DG132JH
Solicitors:		Brodies
		2 Blythswood		Square
		Glasgow
		G2 4AD

(incorporating income and Forthe Year Ended 31 December 2020	expen	diture acco	unt)
			31.12.20			31.12.19
		Restricted	Unrestricted	Total	Restricted	Unrestricted	Total
						R	f
Income from:
Donations and legacies	2	178,353	1,318,407	1,496,760	279,868	581,098	860,966
Other trading activities	3	-	237,664	237,664	-	744,991	744,991
Investments	4	144	35,865	36,009	355	35,778	36,133
Charitable activities	5		470,748	470,748		1,376,373	1,376,373
Total income		178,497	2,062,684	2,241,181	280,223	2,738,240	3,018,463
Expenditure on:
Raising funds		8,539		8,539	11,438		11,438
Fundraising trading			28,194	28,194	2,699	215,710	218,409
Charitable activities		94,454	1,438,247	1,532,701	320,339	1,625,348	1,945,687
Total expenditure	6	102,993	1,466,441	1,569,434	334,476	1,841,058	2,175,534
Net income/(expenditure)
Net movements in funds		75,504	596,243	671,747	54,253	897,182	842,929
Funds brought forward		9,220,228	19,363,394	28,583,622	9,274,481	18,466,212	27,740,693
Funds carried forward	20	9,295,732	19,959,637	29,255,369	9,220,228	19,363,394	28,583,622

31December 202	0	0	0
Company number	-3260031
					31.12.20	31.12.19
Fixed assets
Tangible assets				10	20,054,079	19,779,846
Investment property				11	478,207
					20,532,286	19,779,846
Current assets
Other assets						478,207
Stocks				12	139,936	151,167
Debtors				13	23,206	30,084
Cash at bank and	in	hand			8,842,526	9,273,845
					9,005,668	9,933,303
Creditors: Amounts		falling due within one		14~269,449		411,043
year
Net current assets					8,736,219	9,522,260
Total assets less	current		liabilities		29,268,505	29,302,106
Creditors: Amounts		falling due after more
than one year				15	(12,855)	(718,153)
Provisions for liabilities			and charges	17	(281)	(331)
					29,255,369	28,583,622
Funds and reserves
Restricted funds				21	9,295,732	9,220,228
Unrestricted funds				21	19,959,637	19,363,394
					29,255,369	28,583,622

Company n	umber -3	260031
				31.12.20	31.12.19
Fixed Assets
Tangible assets			10	20,052,599	19,778,105
Investments			9	4	4
Investment	property		11	478,207
				20,530,810	19,778,109
Current assets
Other assets					478,207
Stocks			12	11,264	10,246
Debtors			13	130,523	249,304
Cash at bank and in		hand		8,762,625	9,079,422
				8,904,412	9,817,179
Creditors:	Amounts	falling due within one	14	~269,421	395,489
year
Net current assets				8,634,991	9,421,690
Total assets less current liabilities				29,165,801	29,199,799
Creditors:	Amounts	falling due after more
than one year			15	(12,855)	(718,153)
				29,152,946	28,481,646
Funds and	reserves
Restricted	funds		21	9,295,732	9,220,228
Unrestricted	funds		21	19,857,214	19,261,418
				29,152,946	28,481,646

Group Cash Flow Statement as at 31December 2020
			Note	31.12.20 f	31.12.19
Cash flows from operating activities:			22
Net cash provided by operating activities				618,430	759,041
Cash flows from investing activities:
Dividends, interest and rents from investments				36,009	36,133
Proceeds from the sale of property, plant and equipment Purchase of property, plant and equipment				~358,986	1,175 ~51,623
Net cash used in investing activities				(322,977)	(14,315)
Cash flows from financing activities:
Cash inRow from new borrowings Repayments ofborrowings				~726,772	~21,872
Net cash used in financing activities				(726,772)	(21,872)
Change in cash and cash equivalents	in the	reporting
period			23	(431,319)	722,854
Cash and cash equivalents at the beginning		ofthe
reporting period			23	9,273,845	8,550,991
Cash and cash equivalents at the end	ofthe reporting
period			23	8,842,526	9,273,845

Donations and legacies
		31.12.20		31.12.19
	Restricted f	Unrestricted f	Totalf	Totalf
Donations	172,592	982,295	1,154,887	641,763
Legacies	3,116	336,112	339,228	160,630
Stupa ashes	2,645		2,645	12,961
Grants				45,612
	178,353	1,318,407	1,496,760	860,966

			31.12.20		31.12.19
		Restricted f	Unrestricted f	Total	Totalf
Fundraising events			2,855	2,855	4,971
Room hire &	rental income		181,467	181,467	253,501
Sales &cafe	income		51,949	51,949	480,105
Miscellaneous	income		1,393	1,393	6,414
			237,664	237,664	744,991

	31.12.20		31.12.19
Restricted	Unrestricted	Total	Total
f	f	f	f
144	35,865	36,009	36,133
144	35,865	36,009	36,133

Charitable activ	ities
			31.12.20		31.12.19
		Restricted	Unrestricted	Total	Total
					R
Course fees and	donations
Spiritual			15,394	15,394	101,845
Health &education			1,766	1,766	9,609
Total course fees and donations			17,160	17,160	111,454
Accommodation	&retreat
Spiritual			208,203	208,203	1,029,064
Health &education			245,272	245,272	227,644
Total accommodation			453,475	453,475	1,256,708
Spiritual					774
Other income			113	113	7,437
			470,748	470,748	1,376,373

or	the Year Ended 31	December	202	0
6	Expenditure
					31.12.20			31.12.19
		Raising		Fundraising	Spiritual	Health &	Total	Total
		funds		Trading		Education
		R
	Direct costs
	Purchases			38	5,936		5,974	18,473
	Farm &gardens		644		2,262		2,906	20,543
	Statue costs	5,716					5,716
	Miscellaneous	1,726			2,099	3,651	7,476	16,529
	Travel				6,598	3,352	9,950	18,972
	Fundraising &publicity		453		13,434	645	14,532	4,891
	Food &household
	expenses				126,685	24,329	151,014	267,229
	Expenses ofsubsidiary
	trading activities			27,844			27,844	196,913
	Workshops &sangha
	costs			312			312	21,142
	Repairs &maintenance				265,112		265,112	217,651
	Salaries, allowances	&
	expenses				26,107	144,557	170,664	165,673
	Establishment costs				205,564	35,102	240,666	283,468
	Course expenses				7,052	589	7,641	50,202
	Donations &
	sponsorship				310,461	360	310,821	135,509
	Projects							252,591
	Volunteer allowances	&expenses				3,449	3,449	15,391
	Total direct costs	8,539		28,194	971,310	216,034	1,224,077	1,685,177

Expenditure (continued)
			31.12.20			31.12.19
	Raising	Fundraising	Spiritual	Health &	Total	Total
	funds	Trading	f	Education	f
Support costs
Office expenses			44,046	6,702	50,748	57,434
Insurance			91,069	11,525	102,594	94,048
Depreciation			83,553	1,200	84,753	90,038
Finance costs			9,059	7,547	16,606	33,533
Fundraising events						1,106
Repairs &maintenance			44,562	11,742	56,304	131,705
Consumable's			1,659	57	1,716	7,377
Premises costs						4,741
Sundry			1,150	2,109	3,259	21,565
Subscriptions				809	809	3,263
Motor &travelling			6,723		6,723	15,405
Legal &professional			5,317		5,317	902
Loss on disposal ofassets						13,204
Accountancy &audit			15,410	1,118	16,528	16,036
Total support costs			302,548	42,809	345,357	490,357
Total expenditure	8,539	28,194	1,273,858	258,843	1,569,434	2,175,534

10	Tangible fixed assets
			Land and	Plant and	Total
	Group		Buildings f	Machinery f
	Cost
	At 1 January 2020		20,032,806	992,613	21,025,419
	Additions		358,986		358,986
	Disposals
	At 31 December 2020		20,391,792	992,613	21,384,405
	~De reciation
	At 1 January 2020		593,567	652,006	1,245,573
	Charge for year		54,774	29,979	84,753
	Elimination on disposal
	At 31 December 2020		648,341	681,985	1,330,326
	Net BookValue
	At 31 December 2020		19,743,451	310,628	20,054,079
	At 31 December 2019		19,439,239	340,607	19,779,846
	Company		Land and	Plant and	Total
			Buildings f	Machinery f	f
	Cost
	At 1 January 2020		20,032,806	947,870	20,980,676
	Additions		358,986		358,986
	Disposals
	At 31 December 2020		20,391,792	947,870	21,339,662
	~De reciation
	At 1 January 2020		593,567	609,004	1,202,571
	Charge for year		54,774	29,718	84,492
	Elimination on disposal
	At 31 December 2020		648,341	638,722	1,287,063
	Net BookValue
	At 31 December 2020		19,743,451	309,148	20,052,599
	At 31 December 2019		19,439,239	338,866	19,778,105
11	Investment property
		Grou		Com	an
		31.12.20 f	31.12.19 f	31.12.20 f	31.12.19 f
	At 1 January 2020
	Transfer	478,207		478,207
	At 31 December 2020	478,207		478,207

Stocks
		Grou		Com	an
		31.12.20 f	31.12.19 f	31.12.20 f	31.12.19 f
Goods for resale		139,936	151,167	11,264	10,246
		139,936	151,167	11,264	10,246
Debtors
		Grou		Com	an
		31.12.20 f	31.12.19 f	31.12.20 f	31.12.19 f
Amounts	owed by group undertakings			107,384	219,220
Other debtors		23,206	30,084	23,139	30,084
		23,206	30,064	130,623	249,304

				Grou		Com	an
				31.12.20 f	31.12.19 f	31.12.20 f	31.12.19 f
Bank loans &overdrafts					25,734		25,734
Trade creditors				4,684	16,136	4,684	15,286
Taxation	&social	security		17,340	66,196	17,310	51,492
Other creditors				243,165	298,717	243,167	298,717
Deferred	income			4,260	4,260	4,260	4,260
				269,449	411,043	269,421	395,489
Grou and Com		an
Deferred	income	brought	forward	4,260
Released	to income during year			(4,260)
Deferred	in year			4,260
Deferred	income	carried	forward	4,260

	Grou		Com	an
	31.12.20 f	31.12.19 f	31.12.20 f	31.12.19 f
Bank loans		701,038		701,038
Deferred income	12,855	17,115	12,855	17,115
	12,855	718,153	12,855	718,153
Analysis ofloans
Payable by instalments:
Due after five years		582,164		582,164

Funds
	Balance at	Incoming	Outgoing	Balance at
Group	1.1.20	Resources f	Resources f	31.12.20
Restricted funds
The Samye Project	4,739,361		(3,292)	4,736,069
Holy Isle Project	3,784,234			3,784,234
Dolma Lhakhang Monastery	324,904	130,333	(2,033)	453,204
Other restricted funds	371,729	48,164	97,668	322,225
Total restricted funds	9,220,228	178,497	(102,993)	9,295,732
Designated funds
Religious teachers fund	84,000			84,000
Unrestricted funds	19,279,394	2,062,684	(1,466,441)	19,875,637

Group
	Balance at	Incoming	Outgoing	Balance at
	1.1.19	Resources	Resources	31.12.19
		R		K
Restricted funds
The Samye Project	4,743,234		(3,873)	4,739,361
Holy isle Project	3,784,234			3,784,234
Dolma Lhakhang Monastery	412,155	167,834	(255,085)	324,904
Other restricted funds	334,858	112,389	75,518	371,729
Total restricted funds	9,274,481	280,223	(334,476)	9,220,228
Designated funds
Religious teachers fund	84,000			84,000
Unrestricted funds	18,382,212	2,738,240	(1,841,058)	19,279,394

Funds
		Balance at	Incoming	Outgoing	Balance at
		1.1.20	Resources	Resources	31.12.20
Company
Restricted funds
The Samye Project		4,739,361		(3,292)	4,736,069
Holy Isle Project		3,784,234			3,784,234
Dolma Lhakhang Monastery Other restricted funds		324,904 371,729	130,333 48,164	(2,033) ~97,668	453,204 322,225
Total restricted funds		9,220,228	178,497	(102,993)	9,295,732
Designated funds
Religious teachers	fund	84,000			84,000
Unrestricted funds		19,177,418	3,554,895	(2,959,099)	19,773,214
		28,481,646	3,733,392	~3,062,092	29,152,946
Prior year funds
Company

Company
	Balance at	Incoming	Outgoing	Balance at
	1.1.19	Resources	Resources	31.12.19
Restricted funds
The Samye Project	4,743,234		(3,873)	4,739,361
Holy Isle Project	3,784,234			3,784,234
Dolma Lhakhang Monastery Other restricted funds	412,155 334,858	167,834 112,389	(255,085) ~75,518	324,904 371,729
Total restricted funds	9,274,481	280,223	(334,476)	9,220,228
Designated funds
Religious teachers fund	84,000			84,000
Unrestricted funds	18,333,329	2,493,101	(1,649,012)	19,177,418
	27,691,810	2,773,324	~1,983,488	28,481,646

Net assets by fund
	Restricted	Designated	Unrestricted	Total
Group	funds	funds	funds	funds
		F
Fixed assets	7,851,318		12,202,761	20,054,079
Investment property			478,207	478,207
Current assets	1,444,414	84,000	7,477,254	9,005,668
Creditors due within one year			(269,449)	(269,449)
Creditors due after one year			(12,855)	(12,855)
Provisions for liabilities
and charges			281	281
	9,295,732	84,000	19,875,637	29,255,369
Prior year net assets by fund
Group	Restricted	Designated	Unrestricted	Total
	funds	funds	funds	funds
Fixed assets	7,857,800		11,922,046	19,779,846
Current assets	1,362,428	84,000	8,486,875	9,933,303
Creditors due within one year			(411,043)	(411,043)
Creditors due after one year			(718,153)	(718,153)
Provisions for liabilities,
and charges			331	331
	9,220,228	84,000	19,279,394	28,583,622

Net assets by fund (continued)
	Restricted	Designated	Unrestricted	Total
Company	fundsf	fundsf	fundsf	fundsf
Fixed assets	7,851,318		12,201,285	20,052,603
Investment assets			478,207	478,207
Current assets	1,444,414	84,000	7,375,998	8,904,412
Creditors due within one year Creditors due after one year			(269,421) 12,855	(269,421) ~12,855
	9,295,732	84,000	19,773,214	29,152,946
Prior year net assets by fund
	Restricted	Designated	Unrestricted	Total
Company	fundsf	fundsf	fundsf	fundsf
Fixed assets	7,857,800		11,920,309	19,778,109
Current assets	1,362,428	84,000	8,370,751	9,817,179
Creditors due within one year Creditors due after one year			(395,489) 718,153	(395,489) ~218153,
	9,220,228	84,000	19,177,418	28,481,646

Reconciliation of net income/(expenditure)	Reconciliation of net income/(expenditure)	to net cash	flow from operating activities
			2020	2019
Net income/(expenditure) for the (as per the statement offinancial	reporting activities)	period	671,747	842,929
Adjustments for:
Depreciation			84,753	90,038
Dividends, interest and rents from	investments		(36,009)	(36,133)
Loss/(Profit) on sale offixed assets				13,204
(Increase)/decrease in investment	assets		(478,207)
(Increase)/decrease in other assets			478,207
(Increase)/decrease in stocks			11,231	(5,677)
(Increase)/decrease in debtors Increase/(decrease) in creditors			6,878 ~120,170	(7,637) 137,683
Net cash provided by operating	activities		618,430	759,041

Changes in net debt
			At 31
	At 1January		December
	2020	Cash flows	2020
		R
Cash and cash equivalents
Cash	9,273,845	(431,319)	8,842,526
Borrowlngs
Debt due within one year Debt due after one year	(25,734) ~701,038	25,734 701,038
	726,772	726,772
Total	8,547,073	295,453	8,842,526