APPROVAL Rokpa Trust Consolidaled Financial Slalements 31 December 2021 IllmlmlNllll ABC3E8G2* oeJ09r1022 COMPANIES HOiJSE
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Rokp4 Tffusl Contents for the yew 8ndlng 31 Decembgr 2021 Page Tru5tees' report Aepjrt ol the IndeFwdenl AtOrS Consolidated Statement of Fina1 ActNibes 13 Group Balance Sheet 14 Company Balance She 15 Group Cash Flow Stateme 16 Notes to the finan statements 17
Aokpa Trust Aoport th thtr Trust••s •nd Thr0$ forthe year wded 31 lJe¢ett¥ 2021 The trustees e plèased to presant th"r rekmyt tcWh8r with fina1 stam•nlS of the clwily fN the year ended 31st Decemtrer 2021. Reterence and administrati detsils Charity number: 1059293 IEWKI 8 Wales) SC038628 IScoJandl Cmpany nurnber". 326CO31 {ErN1 & Walas) Registered office: FIFTEEN Flosehlll K4(rtgorrery Way Rosehill Estate Carlisle CAI 2RW Principal offu". Kagyu Sam)e LiThJ Eskdaleffw Langholm LKJmfrie5 & Gkn¥ay DG13 CQL Dlreclors and trustses The directors of the charitthe ccryany (the chartyl a tts trlee$ for the wHp)se ol tharity law and throug) this report are collectwety ielerr&J lo as the trustees. The tnJ$t8es servirvd duriryj the year aNJ $iw year wère as lolb>s Larna Yes1 Losal RirwK Jhn Maxwdl Ani Lhamo Karrna Lhamo cos0 Larna Zangrr Tsuttim PaR)ar Lama Company secretary: Auditors.. Ocxyd & Co Mted FIFTEEN Rosehill Monigoffry Way Rosèhill Estai¢ Carlisle CA1 2RW Bankers.. ROY Ba of ScoUarnJ Lctkertxe DG13 2JH so1110r$.. BrcKlies 2 81ythswoc¢J Square Gla$W G2 4A0 Page 1
Rokpa Trust R•port ol th• Trust••$ and Dir¢¢tors lor tho yew wmled 31 D¢cernber 2021 Mntinu•d Structure. Govem•ne• and Managthn•nt The financial stements have prepared in accordance with the accounbr¥ wlicie5 sel oul in notes io the attounts and compty with the charivs governing thument. the Charities Act 2011 and Accounting arKI Rewtir¥ by Charrt.. Statement ol RecornmeThJed PraCte apble to charitfjes preparino thwr accounts in accordarre with the Finartkal RertIrj StaThJard appI£e in the UK and Republic ol IrelarKI. overni Documert Rokpa Trust is a company limitd by guararrtèe aTrJ otsvèrntd by its Mwnorandum ArtK49$ 01 Association dated 1st January 1997. It is regist8red with the Charity Cfynmi55n in Ergland and Wales and the Off8 ol the sco.$h Charity Regulaigr. In the event ol the MpanY teirrfj wound up mernbers ara r¢4uirgd to wrtribut¢ an amount rK)t £10. ointment of Trustees The Articles of Aslatt0 wovile that fv truStS 4)P)tsd by SpnIu 18ad8rs ol th• Kamia Kagyu order of fibetan Buthjhwn. Newly appointed trustees are wen irnluction traniwJ on thèir lèvd of txpariè trustees are offered tranirYJ as aFVCVi. Or antsational Struciur• The organisation is ¢Jivid•d IMO a n1)1 of brarthts. earry oul the wowk of Ihe Trust. Tho main branch. Kagyu Samye Ling provides t8athiry SUFPJrt guidae. g¥ves admin&r8tive asststsnce and acts as head offe forth8 organisation. The trustees are resp1b for the (weral management aThJ c(mtrol ot the charty arJ receive reports from the branche5' cornmrttees. whth IUlYe ai one of Ih•"r number on each. Day to day rnanagement ol the chan'ly 2021 was delegated to Sean McGovem. Risk Mana ernent The trustees have a risk rnanagement siralegy. This conwjrises ol an amual rew4 of risks ihe charity May lace and the estalshMent of sysiems pledureS to miligaie thosè iisks. Two key areas are heallh & safety, aThJ the settiNJ ol a reseThes arKI its rgular rèv by Irustees. There ar8 two subsK1iary tradirvJ ccfflpaww8s as part d the Rthpa Trust Group, being Rokpa Developments Ltd KSDL TrathThJ Ltd. ¢)big¢tiVos nd A1¥1110$ The Trust's prwnary 0.ect$. as slated in its IAemoraThYum of Assc¢otKJn a.. 1. To ryornote the Bu(klhisl loster rn.$eCtaIlaQ mter.rdHious Ogue aThJ uThYerstandirg. 2. To provide Mec1 care aThJ tlwapy. 3. To pThde eduCatffj. 4_ To relve poverty. Rokpa Trust can trace its Orin$ in the UK baek to 1963. when young AL)ots, who had K•ft Tibat came to Oxtor¢J an¢J a lew y8ars later 5ellled in Eskdalemuir. SeollaTra. e5tablishirvJ the litst fibetan BLJdhi5t Centre in the Wesl. They named it Sarnye after the tirsl Bu(klhisl monastery in Tibet and this was the beginni of the Centre. whth has gwown over some SO years to beCe a renown•Y instiiution lor the and of Bu(kJl*sm. The aims ol Ihe charty fall into three areas: sprilual," health and ethatIOn: aThJ the relief of povety. The charity seeks lo help 1rnp &JucatKJn aTh1 relve rtherty. The charty dso seeks to expaTrJ the undeistaThling ol &JthJhlsm. Pago 2
Aokpa TTht Aeport ol the Trustees •nd Dlrector¥ for the >wr 31 Dee•mber ¢Mtlnu•d The Trustees receive reports from JI parts of Rokpa Trust afKJ meet annully wrth volunteer5 who manage the different branchès. This enables Ihe Board of Trustees to each aspe ol the charitable aim5 to ass$ the number of bengficiang5 that have teen assi5t¢d in oa¢h of arKI thg ways in which they havè tenelKed from the work of the organisation. Along wlh the finrri¥ informabon produced in th¥ ygar ènd tinan¢ial S$nts. this is thè mn moaswo of thè charitys SLrcess. To achi&vè thè lirst ol its Charite ctyth"v&s the Tnjst has estthished a number ot Tibetan Bu(klhist Cant5 in the United Kinryjom. the m05t rk)tat4e bèiThJ the Kagyu Samyè Ling Pknasiery and Tibetan Centre Whe a Buddhist temple ha5 treen built_ In addition Holy 151and. on the West Coast ol Scotland. has been aCqred by the Trust and has now dèvdoFed inio a ace for retreals lor B'sts people ol dl faiths. To achwg Its Ob"ve ol feliewro Foverty. RLW Tntst ha5 for rnary years run pro?tS to feed homel8SS and poor peok in varicws ¢itss in th8 United Kinokn. Somg IrneY is also ras8d to be sent to proi8cts abroad. Th8 organi5thn 1$ bas8(l on volunw lrbwlvemI wilh a low panl FWS in areas of man4ement and administration. whose remuneratitsn is Set by the Board of Trust. n is hhlY dewrKJèni on th• many unpai¢J voluni88rs who give their time to its work and its proFcts. The energy pwe commitment thai they brirvJ to thè organisab.on is ai the very hèart ol Ihè ol Rokpa Trust. In determining the objeth.ves the tnjstees ha pa•J fegard to Charity Cornwuss)n guida on public benelit. The charity is aware ol the increasirMJ risk ol tIanng aThJ clt card Iraud and regularfy adwse 1 users ol online lacililies on the best strategS to èmploy. The Putab0n of the charity is very important and so 1 attempts are made to minwYsè risks in Ihis resp9¢1. The Trusteos and Iccal grtyJps meet regularty to review all policy (k)curnents. Al insurance5 are wewed as Ihe 5thJation dtrmands and upJated as no¢e$sary. Aehiè¥errnts and perfNfft•n Kagyu Samye Llng Monastery and Tibelan Centre Kagyu Sarnye LirvJ is the dest and probabty the largest fibètsn Buth1hist Wnastsry in Evropè. It is located in the beautiful and trarquil t)rder5 of Scoiiand and is home tr) around 60 rrM)nks, nun5 and lay peo. Samye Ling wèlcomès guests who come from all over the wortd partryate in rnany courses and sFK¢rt relreais or just to rèla¥ in ihe peaceful ainwhèr•. Kagyu Samye remained d05ed th0hoUl 2021 due to fv Cw(19 pandemic. Conwuently, Ihere has been a significant drop in irtome. Thè charity has teen Icwtunale in that is has suttrient See5 to keep it going. thjring the p8ric#I ol loc*down. resident vofuM8ers wwe er#Jaged in renovation and inprovernent work of guest and visitor accomrn(Mlation. This work ha5 invdv8d some necessary eXpendire. But otherwise expenditure has teen low. FurtherrrKYe, with a wew to long4erm SLStinatylity a lot of eryhasis has been placed on gr0r and haNesb"ng vegeiaL4es lor use on gte and LMN"Idir¥J gre houses. In the gardtrn work has largely used donated aTrJ recycled matwials. DurirYJ this tirne the ¢harity was fortunate that many tsa¢hws ol our fineage were teaching 8xlènsiv&ly online. Tho charity benelited frrrfn several w8eks of teaching from HH Karnpa, and many monlhs of Scriptur transmissrty)s Irom ThrarYJu Rinpoth$. Trrofor• th• 8j11St a¢tiwti"ès have fflourished during this time.
Rokp Trust Report ol the Tte•S and DlY•¢kns erbded 31 Decem 2021 eonllThued K•gyu S•mye 020ty London Kagyu Samye Dzong Tibetan &J(kYhist Centre fiT5t c¥ed in 11 1998 * oflers a pea¢•lul and wel¢¢¥ning environment in its Centrè in centrd LoThJon. It runs a plraMMe ol c(urses aTrJ VKJrkshops locusing on meditation. BLSJhisrn. arbj holisbc theTaFies. in Bermondsey, near the hearl ol central LorKlon. It abo provth5 venues foi community activities and allernative practitioners as wdl as a qualified Titelan dctlor vkno hdds regular clirbiGS where patient5 receive treatment using iradrfional Methts. This has teen intefrLVed due to the CovKI-19 pandernic bul teachiThJs have Conli.nLd lo be offered onlir. The Centre is cbsely connected to Kagyu Samye Lir#J Kkna5tery in gMtlarKJ, vknich was estabsished In 1967. and is under the direci guidarte ol Choje Lama Yeshe Losal RIe. As part of Ihe Kagyu tradition. one of tF lour main %hrds of Tibetan Bu(Jhism, heade(I by His HollS 17th Gyalwang Karniapa Orgyen Trinley Doqe, the Centre Ic¥)ks to offer a corslanl programme of Buddh15t teachings. me<litation retreats and methw.on instructiiy*. as as wovMJiNJ a Iace ol cam lor 8Lr(kJhists and TrJn- Buthjhists alike. Lama Gelongma Zar4Jmo is the ttYent lama and teacher ai Ihe Lon(k)n bran¢h. There is a lovely Tian Tea Flcxyn wth a 8rnl reathrMJ litsary attached. aThJ mfOrtable $eatiThJ to enjoy a moment of rdaxation. There is s0 a shop ofleriro a vlide selection of Buddhisl books from all tradilion5, and a variety ol relaled item5, SLKh as irenSe. meditation cu5hion5. Statues aThJ malas. Kagw SOM Dzono Edlnburgh After many years KSD Edinburgh is rThi wen es1thSh& in the captal uty. In 2016. the Centre rdc<ated to a new building in Leilh_ The new Cenlre, wth its beautrful. domed Shrine Rooffl and spaaous Y¢yJa Ro. 0e5 the ideal space lor a rarNJe ol heaJth-giviThJ activities to benefit body and Course activities were interwpied due ts the CO19 pandemic but teachiThJs have continued to be oftered online. Kagyu Sarnye Dzong Glasgow From Ihe early 19805. a gTOUP of people met in the Glasg)w area 10 51udy arKI wacbse the Dhamia and to work lowards having Iheir own base in Ihe area. dl uter the auwces ol Samye Ling Monastery an Tibetan Centrg near EskeMlI in fv Border$. The property at 7 Ashley Street If0mrIY known as Rokpa HoLL%e} was wrchased in May 2(M)O. a1 work began to upJrade the roorns for use. It was fInlY Inaurated in March 21 by the Found14 President ol Rokpa Trust, and ctrlouThJer ol Samye knng. Dr Akoro Tulku RInthe. A semi.prolessional kntchen was installed in the basernent to provbJe soup f¢y Ihe horneless arKI hungry in Glasgow. The Re¢eption and Office are open on weekdays from 11am to 1pm. V•hen any viytNs are wekomed and any phone messages actioned. Bolh the knbrary a1 Shcy are $0 oFen on weekdays from 11am to Ipm. and on som¥ w8¢kends by prior arraNJèmèN. Everything that happens at Kagyu Samye DzorKJ Glasgow is due entirely lo the efforts of vdunteer slafl. Centre activities have been interrupted due lo the Covid-19 parKlerni¢ Lwt ieachiNJs have continued to b8 ollergj online.
Rokpa Trust Report of the Trustees al Directors for th• yur •rthd 31 D•c•rrw 2tr21 con1inued Kagyu Sams Dzong Scarbryough In June 2013, Scart)ortsW BoroLwJh C¥1 wted to transfer the beauliful. hislorr building Lond&s)rOUgh Lodgè io Aokpa Trust, as a Comrnunity Asset Tarter. The locus has been on Ihe regeneTats"on ol this sile, storing it to its Origin spndOUr and cultural signilicance, and OFening it as a Centre for the healih 8fKJ wellbeing ol the community. The main functK)n ol Ihe Centre is IO KKovM1e meditatv)n and cornpassion.based mindfulnes5 dasses arK1 ietreais lor b)th BlhIS1S and non.BuLkJhists ike. as weil as alth and wellbeing services with community outreach. This has bsèn iniemvd due lo the Covid-19 pandern bul 18achiffjs have continued to bè Offer onli. Olher Kagyu Sam> Dzwgj These Centres around the UK rangè in srlè from small groups rywting in peOe'5 homes. io lh& largèr Centres with their own properties. In 2021 there wèrè CtreS in the ScoiDsh Hhlands. Surrey. and Cardilf. Lolhlorien Lothl(>rien 1$ a th$rapeubC eommunty for Fwle wth mental health probth. Situated in a qUt rural settitYJ in Southwest Scolland. Thè communty consists ol SIdentS with mental heth prot4em5 and voluntary co- workers. liviryJ in the 13.t)edroomed rnain house and a further fve Fecf4e Irviro in Roan Lo&Je, the &'acent move-on house. The staff. known as the Core Group, cnffle in on weekdays. As a therapeutic commurNty. Lothlorien •rns 10 htrlp 10 a0P iheir strengths aThJ work towards recovery through th8 shared experience of community lrfe. LotNorien differs Ir¢m tho u$ual apwach 10 resident' care by wrning to minimistr Ihè dI&"rli0ns ttween staff, volunteefs and residents and to avoK tho division befften those who are Well. providiny ¢are fiw those who are 'unwell'. Instead, it strives to ¢reat& a ¢ulturè ol mutual SUF4)oo whh lacilrtates Fecple in developirJ Iheir strengths and allows them to see themsdves a5 hawry something to offer as well as hawiThJ something to gain trorn community lrfe. The weekly pfogramme is mainly Ictused Organ vegetable gathniThJ arhj oulth)or %th. It $¢ indud9S relaxation groups based on Tara Rokpa Therapy. Artwoth and ¢)wJLYJ. Helping Homl¢ss in lh• Unll•d Klryd Rokpa Trust continues to pmwde f¢)od aThJ olher neces9t$ lo Ihg hoffdèss in &asgow and LoThJon. This was intgrTUPted during thè CovK1 parKleM bLrt resumed in earty 2021. ProJe¢ts Cedarpeak Pfolecl In South Africa The trustees of Rokpa Trust U.K. are SUFPlrtw• ol Rokpa Trust Swth Af collatorating the Viston CorporatK>n SA CC in forming Public Benetit (knnisatkjn IPBOI at Cedaak Nature Reserve near Cape Town. The princi obJ'e¢tive ol thi% PBO vlill t* conserve woleci the natural enwronment. Buddhism has always been closely linked to wacbsir#J in nattjral, 5eduded enwronmeffls and protectirrfJ and con5erviru the enviionrneni. A Labrang lan Instituti lor the prorro)tion of Buddhism, medi¢al ¢ar&. therapy and education aThJ the rdief of poverty) W11 be txjilt on a d&stgnated ploi in Cedarpeak Reserve and this is dirgclty ¢oncem8d wilh the FY0nli0n of Buddhisrn. The tru5tee5 of Rokpa Trust U.K. ars $ati$h"ed that thg project to build the Labraro. whKh they inttrnd to lin4. is gntrety consistent wlh thwr own ob]'ectNes in respe¢t ol thg lurthèrarte ol BLKldhism. Continuadl Page 5
Rokpa Trust Report ol the Trust ¥nd Threctors lor tl>arended 31 Decnb 2tr21 conlinued Kw$lnot<y• Tempte Proh¢l Rokpa Trust U.K. is collatTaIlrO with Rokpa Tnjst SA in buikliwJ a BLKJdhtst lenW on land owned by Aokpa Twst South Africa in KenSInon in Johanrs1rg. The projecl will b8 financed by Rokpa Trust U.K. and buih. rnainfained and adminislered by Aokpa Trust S(xth Alrica. The key otlectives of both trust5 arg the sarne in respect ol the building and mainlainirrfJ of stL#Jy centres, monasteries, nunneries and teMs, as well as tenelitirKJ and alviall) thè suttering of th• pr arnl undèrpriviléged. agad. the sick and the nèady by tha provision of shèlter. refuge. la¢iliti"gs. fo¢#J. ¢lothirvJ and rnedine$. tt is parti¢ularfy noted that th$r& is swe wverty in the artra of Kensiw in Johanne51xJrg arnl the temple w•ill be used as a for leeding homeless people and lor the ger relief of poverty. It is also noted thal there is inadequate loc prOViOn lor Medal care, therapy and education in this area. It is agro8d that tho t•mple will be used for these charitable wrposas in order to lullil thè cwb.vas ol LY)ih Iwsts. Rokpa Developments Lirnited Aokpa Developments Limiled. a wholly subsidiary of Row Twsi. was unabk io tradè in 2021 due to the Cowd-19 pandemic. Thè shop offers goods frorn overseas as well as items made at Samya Ling. Thè ale offers a variety ol focKI arKJ drink aTrJ is very wAar with wsitc4T. Due lo the closure ol the S and cale, Rokpa Devetopments Limtied TIAS to commit to donato any profits lor the year 10 RCW TnJsi by way ol grft aid. KSDL Tr•dlng Llmlled KSDL Trading Limited. which rnns the shop and cale in Lonth)n. il was unable trade in 2021 io the Govid-19 pandemi¢. Due to closu of the shop and cale , KSDL Tr•SThJ fflited Vds unable to comit to donate any profits lor the year lo Rokpa Tiusl by way ol glt ail. Finanelal RÈv5•w Oue to the Covid.19 pandemic. irwie has droFved sut6tantially. However. expenses have also been reduced where possible. Rokpa Trust has been rY1ThJ on ts reservès to weathèr the stomi. lh• ¢ourw 01 2021 th• trust¢¢S ¢tythnue(I to Ic a signifwl arrwJvnt of Rokpa Trust wtal reserves on the Insign cash attOrn which has benefit ol rlferiThJ stroThJer FSCS protection whlst also offering higher interest rates on savings. Reser$ polley The Trustees reserves Fdicy is to mwntain a sum ffjuivalent to one yearfs core costs as a minimum to enable the charity lo continue operaling during tirrS of unfOeen financial demands or in the event ol shothall in donat$. At Ihe year en¢J reserves toialliNJ £28.653.655 held by Rokpa Trusi. CX thèse rèserves £937,200 restncted and £84.000 are designated. £6.958.070 ¢k$sled as Yreg re$ervg5' and Iherefore the reseNes has been exceeded year. Page 6
Rokpa Tn Report of the Trustees •rKI Directors for the >ar ended 31 Decerrkn 21Y21 eonllnued Plans lor luture perlods During the Course of 2021 all the A<ty TrLtst cntres refflwn dosed io tha COVKI J)arNknic. 9 Fèbruary 2022 the tmstees decided gyadually to on up thè ¢entres in light ol ihè U.K. govemment decision lo rdax Covid-19 restrictions. Samye openeLI again on 17 March 20¥d and is n¢)w lully open lor day w&tors. It will gradually cp9n to ovemighi guests onco necessary renovations have been completed to some guesl accornmodati<)n arky once ffl0 ¥oluNews have re¢futr6d. Thè trustèes instructed lh& branch centres to deci¢Je lor themsefve5 7rt and how to Ok)en tthr¥ into a¢tfjLWIt reltrvant U.K. I governme ru$ and guJelin8S. During the year. £1CO,OCKI was transferred to fibet lor c0rmiissirMj ol their ieachwy5 in texL SI the year end, permi&8 has been given for a buikl Prop io be undertaken at Dolma Lhakang in Tibet. So the £IOO.000 will be divert8d io lund the fwikl prop¢1 instead. Page 7
Hokpa Trust Report of t Tntsi••s and Dlr•etors lor th• >••r ended 31 De¢ern 2021 Mntlnued Tru$tees' responsibilities In relatlon lo Ihe flnaThel•l slatwn Company law r•quirÈs the twstee5. as directors, to wepare statemènts lor each linaKial pèriod whlch give a true and fair wew of the state of the affaits arnl of thè surplus or ¢JefKit of the ¢ompany lor that period. In prèparing thos• r1nrti Statements the trustees a required lo select suitatle accounting rKJli¢ie$ and then apply trm consslently, rnake 1MentS and estimatès tt)at are rèasonablè and prudont and State whether appIable accourning siarNJards hav& b8en fdb)wed. subj'ect to any mattrrial departur&s discbsed and extyained in the financid statèmertts. and prepare the fi'nanrA statements on the going concem basis unless it is irwoyiate to presume that the company wll continue in operational 8xisience. The trustees are ponSIble lor maintsiniNJ surtatlè a¢¢ounting re¢ords whith dixlose with reasonat4e accuracy at any time the linanciaf F<)sth"on of the company arky to enthe thern to ensure that the financi stat•mÈnis eomply with the Cornpanies Act 2(X)6. They are also resWnSie lor safeguarding the assets ol Ihe ¢onpany and hew for lakiThJ reasonat4e si8ps lor tion and ol Iraud and tslhgr irregularities. In accordan¢• th ¢ompany law, as cornpany director4 certrfy Ihat so lar as w• • awarè thèrè 1$ no relevant audit infymats'on ol which the company's a1110 are unaware. We lurthèr ¢ertify lh w$ hav taken all the steps that we ought io ha taken in order to make ourselve5 aware of any rdevant audit information and to •Stsl$h that th audito are aware of that information. Audiiors A resolutKJn will be Fvoposed at thè Amual Gener Meetirg thal & Co timiled be re-appointed as auditors of thè tharity for thtr $Ing year. On b8haJl of thè board 15-8-28... Tsu albar Laffla Page 8
Independenl ALKlltorfs Report to Ihe Ilembers and Tnlee$ of Rokpa Trust for the ye•r efftling 31 De¢ember2<fdi Opinion Wè hav& audrted the financial statsments of Rokpa Trust for the ye eTraed 31 t)ecernbef 21 wh cornpri$8 th? Consolidated Statement of FinKk41 Aebvitiès. the Chaiity Balarte Sheet, the Ctsnsoli¢Jated Balance Sheet. the cor011ated Cash Flow Statement and the related Tr)tes. irtluding a summary ol ggnrficant accounting pdiues. The finwal Feportiro tramew(xk that has Ixen applied in their Feparation is appIle law arKI United Kiwm AccountiThJ SlaThJards. idIrj Fina[1• Reporting Standard 102.. The Financial RepM("ng StaTrYard W¢atrAe in the UK aTrJ Republ of IrelaThJ (United Kingdum G8OlY A¢gsXgd Accounb"ThJ Praet¢sl. In ¢)ur opinn. thè finarwl ststemgnts: - give a true and fair eW ol the slate ot the group's and thvenl Charitab ujmpanls alfars as at 31 December 2021 and ol the groups Irme ar1 expeThSture lor the ypar then enJed: . havè prcp6rty pyeparad in a(£ofdw with unrt .M Gwralty Awted Aceountir4J Practice. - have been prgparod in accordance with thè cnpanIeS Act 2£. ts Chariti95 Ad 2011. tlk Charities and Trustee Investment {Scotla Ad 2$ arxl regulath'on 8 ot the Charilies Aets)unts Iscollandl Regu110r6 2006 las amenLlYI. Basls for oplnlon wrKlucted audr( in wth IntemalwJnal StaThJards on IUKI IISAS IUKII aThJ applice law. Our reSntill.es undef those standards arè lurthei describèd in the Audrtor'$ responsitslities for the audit of the financial statements section ot our fepyt. We arè tfvJwn(Jent of Ihe Charity in a¢cordarKe with the eth r8q¢Jirements that are fdevant to our autht of the financial statements in the UK, including the FRC'S Ethtal StaThYard, the provisiorts available lor small eniities. in the circumstances set out in note 1 to the financ421 s¢atements. and we have fulfilled our other èthical respon&bilities in accofdance wrth the requirements. We believ6 Ihai audil eWder w8 have obtained is sufficiènt and apFwkate to WOVKle a basis foi (wr okNnh)n. Con¢ly$ion$ rèlating to goiivj eone•rn In audilirvJ the firtancKIl statement5. we havt colUded that the mtmbers use of thè goiThJ concem basis ol accountiThJ preparation of the fina1 ststwnerls is arv¢)wate. Based on the work we have Fxeformed. we have not wjentthed any Materi urrErtainlies relating io the èvents or cortIOnS that. indNidually 01 colthivèly. may cast sKjnrfnt doubt on the charitys ability to conbnue as a going con(xrn for a ol at 1ga51 Iwdvg rYw)nth5 frryn vthan the oiKJinal financial stalements were authorised lor i55U¢. Our responsits'litie5 and Ihe resFon5thylitEs of ts trLtstees with res to Gr)ing c(rtem arè descritd in the relevant sections ol Ihe rep)rt. Oihor infornwtlon The trustees are resrxlnsle lor the olher inlormatiM. The other inlormatw ¢))mtXi5es the infonnalion includ8d in thè annual rewrt other than fina.1 statements our audrtor's reFQrt theieon. Our opinion gn tho financial stater[ts (trjes not eT the other inforrnthrb and, èxcept to lh8 extgnt otherwise explicitly stated in our rekrt not express any torm Of assura there. In conne10n vthh our audit of the th"nancial slatements. 0 responwt"lrty is to ad the other inlom)abon and. in doing so. Conser whth•r the other inlomation is materiJly Irt£Si$tent with thè tinancial statements or our k1*edge olxwned in the audit or Ot1e atvgars to be rnaterialty rYNsstated. Page 9
Indepondènt AudStoe$ Aeport to t and of Rokpo Tnt lor Ihe year ending 31 December 2021 11 we identify such matèriat incon&siències L¥ aFpar8nt malw1 misslalements. we are reqLJired to deterrnine Wer there is a material mrsstalement in the finartial statements or a material rnisstatement of the other information. If. based the work we have perfomied. wè cortlLvJè that Ihere is a mat•iial misstatement ol this other inlomiats"on. we arn r8quirl to r•pM fact. We have nothirvj lo r¢port in Ihi r8gar<J. Oplnlons on other Irtter3 prescrknl by the cnE•S Acl 2r In ¢wr opinion. based on the work urylertaken in the course of the aL#JI: . the inforrna. given in ts irusiees. report finc0tirj thè strategie T0rt ar#J dir8etors' r•FOrtI for the finaffjal year for vthich thè firllneiaj Stslerwts are prepared is consislent wlh Ihe ffinancial staternents.. and . the trustees. reF linco)ratir the strategic re[ aThl tha th"rn(aots' r8P)rtl have bè8n w8par8d in acCOrdae with app4able legaj r8wir8mènis. Motter¥ on whlch we are requlred to report by excepllon In the light ol the knowle4JJe aThJ undersianthng of Charty rts •rMrormèrrt obtainèd in Ihè eoursè of the audit. wè hav• not id8nlifl matwial misstatements in the Trustees. Amual Rep)rL We have nothing lo repct in resFect of Ihe folknhing matteys in relation which the Conwanies 2(J6 requires us io repm 10 you il, in our OFJnKJn'. . adequ8ts accountr rerdS have nol been kept or retu uate for OLX audit ha not been received frorn brancFEs nol wsited by us., . the linanci statements are not in agreement th• rneords and relums: . cèrtain di$¢1o$ur¢s of Irust¢¢s' rwnuneraiion spIld by law are not made; or . we have not oljtained all the infomatJn aThJ e4Yanatiors rc•ssary for thè of our audit. CJr objectivès aT• to obtain rèason&4o assurance atrM)Ut vthether the ffinanci staternenls as a whole are Ir¥e from rnaterial misstaternent, %¥helher due lo fraud or error, and lo issue an audrtofs report that includes ovr opinion. Reasonable assurarte is a hwJh levd of assurance, tjvl is not a guaranteè that an audit conducted in accordance wih ISAS IUKI 11 always detect a rnateri misstatamènt whèn it exist$. Misstatements can arisè Irom fraud or èrror arwj are ¢onsidered mell"al. rf indivKJually or in aggwate. they ¢ould reasonably expecl¢d to InfIe the econorThc decisons of users taken on the basis of these linla1 statennts. A further description of tsJr resFt)nsibilili85 lor audrt ol the Tinar1 slatgm9nts is I(11 on thg Finarrial Fleporbn9 COU1 s )site at V.frc.Org.Vk1aI1OrTes[wSlljIrties. descripth fonns part of our auditors rep)rt. Responslbllltl•s of Ihe truslees As ex'ned rn0 fully in truslees. respJnwtIles statement set OLrt on page 8, the twslees are responsible lor the pparation ol the finanoal staterreNs and lor b&"ng sab"sfied thai they gNe a true and lair view. and lor such intemal contrd as they detemine is nècèssary to enable the prèparation of finarKial statements Ihat are Ireefrom material rni55taterrvrt. vther dLJe to IraLKI or error. In preparing the final statements. the irusw are restw)nsibTe lor assessing the Charity's ability 10 continue as a goirwJ concern. th"sdoyThJ. 85 aFrAi¢•. malter5 ¥elat•d to goiry 1CeM and using the going concern ba$ of ac¢J)unting unless the trustees wther Int1 to l*]uthte the Charity or to cease 0rat$, or have no realistic attemative to do so. Page 10
Independent Audltorfs Reporf to Ihe Menknr3 •nd Truses of Aokpa Tn for the ye¥r endlng 31 December 2021 Our re5ponslbllltle5 lor the audit of Ihe financial statnts Wè identify and assèss the risks of material misstalernent of the financd statements. whether due tts fra1 or error, and then design aThd perfo audit pr¢xèdurns resp$1 to ttv)se risk& irKjLTrng obtsirlng audrt evidence that is SUfflent and aFvopriat8 to provKle a basts for our ornion. In identrfw'ng and assessing risks of malerial missweNwrt in res d irr8gulilios. NILKling fraud non<ornpliance wth laws and reguLations. we Crdered the folhyMThJ.' results of our eryuiries of managefflent aboul thgir KJeNIrl and 8sse$gment ol the risks ol irregularities- any maners we havirKJ obtwn8d and re¥ied charity's ¢knUfftsTrtatn of their polhies and procedures rdatiThJ to.. . identifying, evaluating arnl comY1j laws aTrJ regulatil arKI ¥ther they are awar ol any inanees ol Th)n-¢ompliarto". . detOCting arky reSFon(rJ to risks ol fraud aNJ vltsther Ih&y have any k1dge ol any actual. susp•cted or allgg8d fra. lh8 WiteM ntrOl$ •Stsblished io niligaiè risks ol IrnLkl or non-comKlrdnce with laws and ulation$'. the matters discussed the aLwJii learn regarthrKJ h)w and ¥hre frwd mwJht c(cur in the linancial statements and any poi8n11 Ind01$ ol fraud. As a result ol these wocedures. we cor6idered Ihe Okwiunitw aTrJ iwntives that may exist wiihin the organisation for fraud and Kleniilied thè gieaièsi p)lential lor IraLJ to be in relation io rnanagement overrmde which, in cornrnon vthh all audit$ under ISAS IUKI. wè arg required to perlorm Speci procedures respond lo this risk. We $0 obtained an undorstandiThJ of legal aThJ regulatory framewort( that tt)è coffpany operates in. locusing on provisions ol those laws and regulations that had a direct èifet on the dèt•mination of material arnounts and disclosures in the linanciJ staterrents. The key laws arKI wthations we ¢onSKJered this context ilded th8 Chaiilies 8rKJ Trustee Investmèm Iscotlandl Act 2005 and regulatKJn 8 of the Charpbes Accounts (scolaj) Regulth'ons 2rTh las amethl ar C(MMpanie5 Act 2006. As a r8suIt of perfomiNJ the abovè. in reswns8 IO ihe nsks thntified. we did not #Jenlify any key al matters related to the potential risk ol fraud or non-cofflpliance with laws regulatio. In addition to the ¥txJve. our procedures to reskKJnd io risks Klenlified the lollowng." r¥viewin9 the finan¢i¥ statèment O$Ur&S aThJ testing to sipportirMJ thcumèntation to assèss corn18nce with provisions ol relevant laws and LIatiOnS d&wibed as hawwwj a ¢Ji¥•th •11 on thtr financial statements.. ewuiring of rnanageFrent concernirMJ aclual ar¥J Fthntial lilvjation cLaims". performirrtJ anal1 wocedures io thntty any unusual or urexFecled relationships thal may irK1icale risks ol mat¥rial misstaiemeni due to fra". reading minules of meelings ol those charwl goveman¢e" [1 in addressing the risk ol IraLI through managernent override of contrds. testing the approwateness ol jOtJmal antries and other adjustments: assessiry Yher thè jUJ&MentS ma(J8 in makng acCoU1rj estimates are indicaty've of a FX)lential bias., evaluatiThJ the rationale ol any wgrI1nl transa¢tior that arè ttnusu41 or ould& the rK)rm& ¢OLWSe ol the charity's work. We also communicated rdevanl #Jonbfiad and regulations aThJ Wenlial fraLkl risks to all engagernent tearn members and rernwned ft to any irKlications of IraLKI ly nM¢0mlante wilh laws and regulat throug1rt th8 a¢Jthl. Pag•11
Independent Audlt¢r'$ Report lo the Members and Trust••s ol Rokpa Trusl for thè ar ondlng 31 00¢omber 2021 Use ol this report This report is made solely to the rnembers ol Rt*pa Tru51, as a bcKly, in aCcdanCe wth Chapter 3 of Part 16 01 the Companie5 Act 2Crf)6. Our audit work has been undertaken so that we might state to the Charity's members those matters we are required to state io them in an audilor's report and lor ro other purpose. To the fullesl extent permitted by law. we th) not accept or assume responsibilrty to anyone other than the Charity'$ mgmbers as a tw>Jy. lor our authl woth. lor this repot1. or lor the opinrons we have lomed. Joanne Thomlinson FCA Senior Siatutory Auditor For and on behalf ol Dodd & Co Limit8d. Chartered fv£countanl$ & Registered Audilors FIFTEEN Rosehill Montgomery Way Rosehill Esiaie Carlisle CA1 2RW Oate.. ..Q.% Page 12
Rokpa Trust Consolldated Slaternent ol Finan¢i•l kiivities {Incorporatlng In¢om¢ and èxp8nditure account) For Ihè Yr Ended 31 December 2021 31.12.21 31.12.20 Re$tri¢ted UnwÈstw•etsd Totsl R•strlct•d Unrestricted Total Incomè Irom: Donatrjns aThJ legaues Other trading actNit lThtr*nt$ Charithe acl'vit 191,552 229,137 420.689 142.851 142.851 21.227 21.244 307.372 307.372 178.353 1,318.407 237,664 35,865 470.748 1,496,760 237.664 36,009 470.748 17 144 Totsl Incom• 700 587 892 156 178497 2241 181 Exp•ndRure on: Raising lurmts Fundraising tradi haritaa aetivities 4596 4.369 8,539 28.194 1,532,701 28,194 1.438.247 28. 1.644.464 1.672.464 Tot•1 0Xnd11Ul• 32. 1,655.699 1,688.295 102.993 1.466.441 1,569,434 Nel Income I lexpendiiur•l 95S112 796,139 75.504 671 747 Transfers bewn ftJrKIs 18.517.SOSI 8.517.SJS Gwnslllossesl on revalualion of investm6t kwrty 194.425 194,425 N•t mo¥•mwts In lunds 8.358,532 7.756.818 601.714 75.504 596,243 671,747 Funds brcwht loThward 9,295.732 19.959,637 29.255.369 9,220,228 19.363,394 28.583.622 Funds carried forward 937 2C(1 27 716 455 28 653 655 9 295 732 19 959 637 29 255 369 Page 13
Rokp• Trusl Group Balance Sheet as at 31 Oecembor 2021 Company numter. 3260031 31.12.21 31.12.20 Fixed assels Tangible assels Investrnenl property 10 19,993.753 20,054.079 478.207 20,674,385 20,532.286 Currant assets Stocks Debtors Investments Cash at ba and in harxf 12 138.833 13 58,545 14 1.170.319 6.909.028 139.936 23,206 8.842.526 8276.725 9.005.668 Credltots: Amwnts tslilng due wflhin o year 15 288.860 269.449 t CUrrt assets 7,987,865 8 736.219 Totsl assets loss currrt Ilablllllos 28.662.250 29.288.505 Credltofs: Amounts fallSng due after more than on• yoar 16 18.5951 112.8551 Provisions for liabllllies and chargey 12811 28.653.655 29.255.369 Funds and reserves Restried lunds unstriCted funds 937.200 27.716.455 9.295.732 19.959.637 28,653.655 29.255,369 The noles lorwn part ol the financial siatements. The linatKial stalernenlswere approved by the Board *Ere s¥Jned on its tthatf ty. m Palbar Lama Pagp 14
Rokpa Trust Company Balane• Sh••t as at 31 December 2021 Company number. 326CW)31 31.1221 31.1220 Fixod Assots Tangible assels InvestslleNs Investrnenl prcyety 10 19,992,495 20.052.599 478 207 20,en,131 20.S30.810 Curmnt ass•ts Stocks Debtors Investments Cash al bank and in han($ 12 13 14 11,191 149.892 1.170,319 11.264 130,srJ 8.762.625 B.184.425 8,904.412 Credltors: Amounts tslling du¢ wilhin on• 15 N•1 eurrnnt assets 7.895.564 8.634,991 Total assets less vJrrent Ilabllltles 28.568.69S 29.165.801 CT•diiors: Amounts falllng due after mo than one yeor 16 18.5951 112,8551 29.152,946 Funds and reser9 Restricted tunds Lknestricied tur$ 937,200 27.622,S¥)0 9.295,732 19.857,214 29.152 946 The notes Irn part of the fin1#1 statèMts. The fInarKa 5Memsnts were aFprov&J by the Boar(l a1 were ts behatt Lty: Tsultim Pabxr Lama Page IS
Rokpa Trusl Group Cash How Slatement ¥$ •t 31 December 2021 31.12.21 31.12.20 Nole Cash flows from oyrallng acllvltl•s: Net cash provldedby opernting activities 11.951.742) 618.430 Cagh flows from Investlng activities: Dividends, interest and nts from investrnents Purchase of property. plant and equipment Nol cash used In InslIng acllvR 21,244 36.009 358.986 1322.977 18.244 Cash flow$ Irom Ilnanclng 8¢tlvltles: Repayments ol borrowngs Nel cash used In Ilnanclng a¢llvfths 726.772 1726,772 Chang? in ¢a$h and Cash equiv*lents ID Ihe report perlod 24 11.933,4981 1431,3191 Cash and cash •qulv•l•nt$ •1 lh• b•glnnlng ol th• porting period 24 8.842.526 9,273,845 Cash ond cash •(wi¥alents al the end of the reportlng period 24 6.SJ)9.028 8.842,526 Page 16
Rokpa Trust Note5 10 Ihe lInarlI1 stst•mtn 31 December 21)21 1 pxcounllng pollcles The accounts Ihnarwl ststementsi have twn wepared in accordanc8Vlh thè Statèment ol Recommended Practice.. Accoun1iTrJ Pep)rting by Charib"e5 prepanThJ their accounts in accordance 4th Ihe Financial Reporting Standard apKable in the UK and RepU1C of IreL4nd IFRS 1021 and the Financial Reporting Siandard ap¥)licable in the Uniied Kiwom aThJ Republi¢ of Ifeland IFRS 1021 and the Charities Act 2011 and UK Generally AcceptJ Accountiro Practice as rt apleS from 1 January 2019. Ihg Charitie5 and Tiustee Investment (Scollandl Aci 2C#J5 aNI r•guLabrm 8 of the Charfa'es Accounts Iscothndl Regulations 2CKJ6 las affjendedl. 8a¥ls of prnpar¥llon Th8 charity m8•is th8 definition ol a benefft entsty urth FAS 102. Golny c£Kem These finaroal slatemonis hav• tthn prepai•don awiw Conc baw. FollowiThJ Ihe oulbreak ol Ihe COVIO.19 PwKkn. the Trustees have re81 impathe unc8rtainliès sUnoU11r4j th8 paTrJ8micwll havtr on the charity. As a ol Ihtts rewew, the Tr1 remain confhlent thatthefe are Suttlent cash re5erv8s availat4e to &ure1he charity can resumè normal operations. and as such a sa0sf1 that tsre are rKJ menal urKertat'rrtwatQLrt chaiivs abihty t¢ continue as a going COrern. Conw•ny Th8 compary is a ¢haiilab18 company limite(I by ywte8. wjryirated in and Ws. Principal place of business: Samye Ling Tibelan Cenire E5kdalemuir Langholm DG13CK)L Tnglbl• Ilx•d ass$ All assets with an expted useful lile exceedir¥J year are caprtalised In the balance sheet. Tanoibl• fixed assets other than Ir8eholY heritsNe laThJ are ststed at Cl)Sl kss (Ivecli0n. Depreryation is prowded al the folbw'ng lates io te off Ihe ¢ost bss resKlual value ol ea¢h asset over its exFeded useful economic lrfe.. 8uildings 8uilding ifflprovemenls Archives Temple fitlirKJs an¢J equipment 0% Rofurbishmenl costs 20% Strai line Equipmenl 15% balar Fixtures and fittings 1 5% reducirvj balarKe Motor vehides 25% reducirwJ balance Cornpulei equipmeni 33% 51raight line Oflice equipment 15% reduciro ance Plant and machinery 15% redLtciro baLlr¢ 15% f8ducing b31ar No depieciab.on has been prow¢Jed on temple fftb.rys and archryes as. in OnIon olthetrustees, tt cairying value is al leasl equal lo original cost. Depreciation is onty charsd on additional proFerty improvemt$ ai a ratè 0115% reduciny baLanc•. In the wnion of Ihv trustees any dekxec1aiTh on the buildings elementol la1 a1 buikyiros 1MIld be irnmalerial. The carrying value ol treeho heritablè property Is rewewed on a regular basis and any impairments will te recognised_ Pagtr17
Rokpa Trusl Noles to Ihe financlal stAlem•nts 31 December 2021 1 A¢¢ountlna pollel•s eontlnu In¥•stm•nl propertl•s Investrnent proFerbes are induyed in the accounts at Iwr value. No dekYe(iation 15 tharged on InStment P18S in lin8 FRS ]2. Liabilities Tradè creditors are oblKJations io pay lor gots or seThices that have beèn acquired in the ordinary course ot busin85s from SUFpli8rs. AoUnts payatA¢ ar• ¢lassrfd as CLwrènt liabilth.es il tho Charity does not have an ultional rvJht. at the eThY ol the reporting riod, to deler selll8rn8nt of thè crèditor lor at least Melve rrthS arter the reportirrtJ ¢Jale. 11 the is an uncond1b0n right io defer 5etUement lor at least tsvelvè mc¥)ths after the rep)rtiro date. they are pyeseffled as rKffl<urrent liatslities. Trade creditors are recognised inilialty at Ihe transaction K¥ice arKI subswwenty mgasurgd at amorthsed cost using the efleciNe interest methc¥J. Flnan¢l•l Instrum¢n1$ Financial assets a1 linarod lithlilies are recc•3nised vAw the charity becomes a party to tho contractual provisions of the instrument. Finartial likn"lilies aThJ equity instruments are dassified aordIng to the substa¢ ol the (xJntra(Xual arrang entered into. An equty instrument is any contraci that evidences a resK1ual interesi assèts of ths Chanty after deductiThJ all ol its liabilities. I finarrial assets and IrabAities are iThtially measured at transaCIn price (ir111Th3 transaCn cosisl. except for those financial assets dassilied as at lair value ihroLKJh profit or loss. which are initially measured ai fair value [Whh is nomxlly the tranSl0n ple exdwjing transaciion coslsl. unless the arrangement constitules a financing transaction. 11 an arrangemènt constitutes a financing transactson. the finanryal asset or financi& liatylity is nasured al wesent ¥ue of the future payments discounts at a markel rate ol Interest lor a similar debt Instrument. Financi assets aTrJ liabile5 are only oflset in th8 Statèment of position whèn. and only when there exists a legally enlorceat4e right to set oft the recognised anKJunts and Ihe Charity inttrTrth 8ithèr to settle on a ner basis. or io realise the assei and serfe the liakn.lity simuttaneousty. Financi assets • dere¢ognised vhn and al ths contractual rYJhts to thè cash flthys from the financial asset expire or are setlle(I, bl the Charity transfers to another party substantially all ol the risks and rewards of ownership ol the finarKd asset, or cl the Charity. de¥te having retained so. but not all, signif1 risks aThJ rewa ol ownership, has transferred control ol the asset to another party. Financial liabilities are derecognised txly wh¢n th¢ cwation in the contrtth is dscharged. caelIe*y or expl. Fund$ The Charity operates restricted, Unrestrict and designated futs. Restricted lund5 are thoso whore the doTh)r is specrfic as to the [0 to which the fuThJs are to be puL Unrestricted fuThts are those where the ¢harity is frèè to expènd thè lund$ in a¢CoanCe with th& ¢onststtrtion. D8swJnaied luThJs aro those set as#Ye lor a speci1 WrSe by the Trustees. Investments Fixed asset iTrvestrnents are stated at C05t. Curr8th asset invasbnants are ILMd * larv& aThJ indLpJ& any short-term. highty IhJu#J assets. p18
Rokpa Twst Notes to the flnancial slat•ne 31 December 2021 1 Accoun1kng poll¢les conllnued ¢)dL Slocks aThJ work in progres5 are vlued a first in lirst oth basi5 at Ihe ol aThJ net realisaty valLW. In¢ome Incthne is re¢ts>Mse11 when ¢oThlitws of wctstllity. entitlement arKI measuremenl have iwn met. The a¢counting Pj1leS lor specrfic tyS ol ie are set Wow: mnlatIon. rental Incom?. couptse fee¥s cwrse donolion$ A¢¢ommcthkn'on. r8nlal irKorne. course fee5 aThJ course donatIry are re¢(4nised when the event takes place or the serVe is provKled. Income re¢eived whtch does Th)t meel the Co&tr6 recognition at Ihe year erKJ are in¢lud8d in credtors to be carried lryward to the IdloviFV year. Donations and leycles The value of inccme from donati and IleS accruir¥J to ihe tharity are recojniwl as 9>)n as il is prudenl and prac11cae to do so. Such i)me 15 not reccJThsed unty"I the cJ10nS lor receipt have been met aTrJ there is probability ol re¢ew. Furthemiore, the charity colderS thal the factors tsf entillement, prOba"11fy arml MeasUMe ffhJst be rnet before tthrKJ acmint of this i1Me. Expenditure ExFendilure 15 ac(unied ior on Ihe auS basis. Wherever [Sble, experKlilure is dassilied aOrdIrJ to ils usage. Where this is rK¢t FQ5sle. cv5ts are alkKated accordiivj to the lMary aciivity ol the branch which has irKurred that experxlilufe. The costs which ¢anr1 be allocated direcuy are shown as Costs in the Slatement of FinancHI AcbvitE5. Where expeThSiuro rdates to a specific projecl it is allocaled lo that prqecl a5 restri¢teil eXrJ[bjre. Deferred tsx Deferred tax is recognised in reSpcl of all thmirwJ thllwgJKes Ihat have originatoj nol reversed at the balance sheet date. Consolldatlon Th& consolidaled accounts ilUde the accounts of the tarty and rts subsidiaries. dl ol whh are ppared to 31 December 2021. The results ol the subsKJiaries have been inclu(Jed in the ¢onsc4idated Statement ol Financial Activities trom the date of acquisith"on. Irrecoverable VAT Irrecoverable VAT is charpj against the catewy of reswces expethj Icy which it was incued. Support costs Support costs include cenlfal I10 aNI have been alk*al&J to acbvty cytst categ¢Jies M a basis consistent Ihe use ol rescrces. Page 19
Rokpa Twst Not to Ihe a¢¢ounts For Year Endèd 31 December 2021 2 Donations and leoxi•s 31.12.21 Aestrkted Unrestri¢ted Total 31.12.20 Total Donations Legacies Slupa ashes 167,780 20.865 2,907 191.552 161.669 67.468 329.449 88.333 2,907 420,689 1.154,887 339.228 2.645 1,496,760 229.137 3 otr trading activilies 31.12.21 Reslrlcl•d Unrestrl¢ted . Tolal 31.12.20 Tot81 Fundraising events Room hire & rental income Sales & café income Miscellaneous income 2,858 132,110 1,313 6,570 142.851 2.858 132,110 1.313 6.570 142.851 2.855 181,467 51.949 1,393 237,664 4 Inveslment$ 31.12.21 Restrkted Unrèstricted 31.12.20 Totsl Total Bank interest 17 17 21.227 21.227 21.244 36.009 Page 20
Row Twsl Notes to the •c¢ounts For tha Year Ended 31 D0mber 2021 5 Charltablg actlvltles 31.12.21 Restried Unrns¢rl¢l•d 31.12.20 Total Toial Course lees anddonalions Spintual Heatlh & education 15.394 1.766 40 Totalcourse fees and d1$ 40 40 17,160 Accornndal & retreat Spiritual Health & education TOtalamMCtb)n 75.563 231.769 307.332 75,563 231,769 307,332 208.203 245.272 453.475 Other incon 113 470.748 307.372 307.372 P¥21
Rokpa Tnjst Notes to the accounts For the Year Ended 31 Decembor 2021 6 Expenditu 31.12.21 Raising Fundraislng Splrftual Hèallh & lunds Tr¥ding Education 31.12.20 Total Total Dlre¢t ¢osts Purchases Farm & gardens Statue cost5 Mis¢¢llaneous Travel Fundraising & bIlty Focd & household expenses 6.19) 17.403 6.1 18.702 5.974 2.906 5.716 7.476 9.950 14,532 3B59 7.557 2.632 575 10.916 9.308 8.474 6.676 7.899 4.307 50.154 18.371 72.832 151.014 Expenses of subsmdiary trading activities Workshops & sangha costs Repairs & maintenance Salaries. allOwaeS & expenses Establishmeni costs Course expenses Donations & sponsorship Volunteer allowances & expenses Training 6.866 6.866 27.844 312 265.112 145.075 145.075 23.820 148.026 171,846 .216,002 35.922 251.924 1,880 170.664 240,666 7,641 860 664.344 310,821 3.449 22.038 22.038 Total direct costs 8.965 6,866 1. 137.239 237.325 1.390,395 1,224.077 Page r2
Rokpa Trust Notes 1¢ the ¥¢¢ount$ For the Year Ended 31 Do¢•mber 2021 6 Expenditure (continued) 31.12.21 Raislng Fundralsing Splrltual Health & lunds Tradlng Education 31.12.20 Tolal Total Support eo$t$ Office expenses Insurance Depreciation Finance costs Repairs & maintenance Consumables Sundry Subscfiplions Motor & travelling Legal & prolessKJnal Accountancy & audit 34.701 62.972 62.808 8.416 36.543 1.184 9.755 9,419 519 44.456 72,391 63.327 10.187 50.947 1.656 5.005 1.828 9.189 16.511 22.403 50.748 102,594 84,753 16.606 56.304 1,716 3.259 809 6,723 5.317 16,528 14.404 472 4,855 1.828 9.189 16,511 21.141 1.262 Total support costs 253,615 44.285 297,900 345.357 Total expenditu 8.965 6.866 1,390,854 281.610 1.688.295. 1,569,434 Page 23
Rokpa TnBt Notes to thè aCcnts For the Year Ended 31 December 2W21 7 Net lftcomlng oU 31.1121 31.1220 N8t irKorniThJ resourc85 ar8 Stat•J after chargiTrJ". Depreciation ol taThJit48 assets Audrtorfs remunerats.on lor a111 seN¢es AL#Jiiorfs romunerabon lor Traurt swices 84,753 12.500 12.500 8 Staff costs 31.1Z21 31.1220 Gross salaries & wages Employers nalional ir6urar Pension contribuln5 161.253 7.826 2.767 171.846 162,920 5,285 2.459 31.1121 31.1220 Staff nurrtjews No errWoyg9s eamed £fjO.000 dLWiThJ year. 9 Flxed asset In¥eslm¢nts Shares in sthidrary undenthirwJs ai¢ost'. Hokji Rokpa Developments Limited KSDL Trath"ng Lirniied Rokpa Developments Limited is regisier&J in Scollal. KSDL T¥a(b"ng Limited is registered in EnglaNI & Wajes. Pagè 24
Flokpa Trust NDts$ io the a¢counts For tho Year Ended 31 December 2 10 Tangible fixed as8¢ts La1 and Bulldlngs Plant and Machlnery Total Group At l Jartuary W21 Additions Disposals At 31 Oecemtr 2021 20,472,871 2.613 21.465.484 3,000 20 475,871 992.613 21 468 484 De At 1 January 2021 Charge for year Elirnination on disposal At 31 December 2021 736,304 45.838 675.101 17.489 1.411,405 63.327 692.5 1.474 732 Net Book Val At 31 D•cèmbef 2021 At 31 DecgmbeT 2020 19.693.729 19,736,567 3CJ.023 317 512 19.993,753 20,054.079 Company Land •nd Bulldlngs Planl and Machlnwy Tol•l Cost At 1 January 2021 Athyilions Disposals At 31 December 2021 20.472.871 947,870 21,420,741 3.000 20.475.871 21.423.741 reciathon Ai 1 January 2021 Charge lor year Elimination on disFosal At 31 December 2021 631,838 17267 1.368.142 63.105 45.838 782.142 1 431 247 B ok Valuè Al 31 December 2021 At 31 December 2020 19.693.729 19 736.567 298.765 316.032 19.992.495 20,052,599 11 Investmenl property Com 31.1221 31.1221 31.1120 31.12.20 At 1 January 2021 Addition Transfer Revaluation ol investmeni prcwTy Al 31 December 2021 478,207 478207 8,(Y)O 478.207 478.207 194,425 680.632 194,425 680,632 478207 478 207 Investment proF4rti&S W8rt revalLd on 26 No¥ember 2021 by finsa Gro, an ind4wndènt group sptrcialisiThJ in property valuation aThd the ackyib'on to investment wcogrty was valued on 27 May 2022 by Shepherd Chartered SLFNeyors, based ijn thwr y ol fair VyO.
Rokpa Trust Noles tt¥ the the Year Ended 31 DecÈmber2021 12 Stoc 31.1121 31.1220 31.12.21 31.1120 GotyJ$ f¢r r•s 13B.833 13e.833 139.936 139.936 11,264 11,264 13 0•tylors Gro 31.1Z21 Com 31.1Z21 31.1120 31.1120 Amounts 0d bygyO undertakings Cxher deb¢ry5 92.920 .56.972 149.892 107.384 23.139 130.523 5B.545 58.545 ZJ.206 14 31.1121 31.112Q 31.1Z21 31.1120 Cash or cash e(thnts 1.170.319 1.170.319 1.170.319 1.170.319 Is Cr¥dllor5: ¥mounl$ Iwllng 4u•wlthkn oDv)wr 31.11 31.1120 31.1121 31.12.20 Tv4de ry•Yi1ry5 Taxaiion & sooal s¢wity CXh8r cre(iors Delerred inc( 32.289 251,311 17,340 243.165 4.260 33,289 251.312 4.260 288.863 17,310 243.167 4.26 269.421 rou and Com Delerred incoffle ght Icd Relèased to incomè during year Delerred In year Delerred in¢txme rarvd frffwar 14.2601 4.2611 16 CreditorJ.' amounts lalling duE•llerone ytv Gro 31.1221 Com 31.1121 31.112 31.1220 leN8d c(me 8.$95 8.595 12,855 12.855 8.595 8,595 12.855 P•Je 28
Rokp• Trust Notes lo the a¢¢ounts For the Year Ended 31 Dfjcembor 21)21 16 Credllors: amounts la115ng due after ¢)ne year (¢onllnu•dl and Com 31.12.21 Deferred income brought forwar Released to incorne durirYJ year Deferred income carried forward 12.855 8,595 17 Provlslons for1Sabllities and ch•rg¢s Grou 31.1121 Com 31.12.21 31.1220 31.12.20 Oeferred taxation accelerated capital alowances 281 Delerred lax Balance at 1 January 2021 Ac¢eleral8d catal aNowances Balance at 31 December 2021 281 281 Page 27
Rtskpa Trust Notes to the a¢¢ourhts For the Year Ended 31 D•e•mb•r 2021 18 Opwallng l•a5e ¢ommttrneNs As at 31 Dernb 2021 the company hadioial tyih7)itW1t$ Urn1èrn-ead1atIe operatiThJ leases as 10lb.. OFerating kases exFrfe.' Gr< 31.1221 Com 31.1121 Olh•r Within one year 31.1220 31.12.20 19 Group ¥nd Rglated Party Transaetkm Transactio 8nlered into ith cryni8s tht grrdp are 35 10kn. 2020 Rokpa DeveWThents Ltd. a h)Ily ¢1d (Indded in the con501idated auountsl Company number." SC148413 OonatK)ns under G4t A Nei assets Tumover Profiv (Lossl 10.101 17550 35,591 10.872 Primpal place of businèss: Samye Tittan Ceni Eskdalern Langholm DG130QL Rokpa Trust provNJed Rokpa Devek)pments a loan of .((0. Inieresi has been charged on the k)an at 2.5%. KSDL TrathrvJ Ltd. a (yhwl substhry IlrKILthd in the corsolKlaied accInIs} Coryany nurnber.. 11565160 Donations utr Grft AKI Net assets Tumover Profiv ILossl 7283 11.$331 1,141 14.407 Pfirtipal placè ol t¥tsirss'. 15 Spa Road Ben0[KIS8Y SE16 3SA The Charity provKles aCCM¢datiOn arKI the mears of subsiste to some of the rKdained communty Ilhe SaNJhal. As bentharies. Lhamo, Lama Yeshe Losal RinK¥xhe. lama Zangmo a$ Lama Tsuttirn PJbar. received tx)ard and wir in I"r capaoty as daIned Sangha members, bul nolhir#J in their as trustees. No 8xpen5es lo InJ8lees ¢kniThJ the ar. P28
Rokpa Trusl No$ io Ihe accowits For ihè Y$8r EndEd 31 Dee¢rnb8r 2021 20 Funds G•lnslOossesl rèyaluatlon ealarK8 a¢ 31.12.21 1.121 Rew Group property Aerieied The Satnye Pri4ect Holy Isle Project Dalffla Lhakhang Monastery Oth¢1 restwlj funds 4.735.069 3.784.234 4&3204 322225 12,7981 4.733,2711 13,784,234) 117.195 74.374 11.6551 28,143 568.744 368.456 g.Z95.732 191.569 (32.596) (8,517.505) 937.200 Do8Sgnat8d fvnds R•ipJIO leachers fur Unreslri¢ted fuhd$ 19,675,637 7,587 IT.655.6991 8,517.SJ5 194,425 27,632.455 29255,369 892.156 1,688295 194.425 28.6S3 655 POr yearfthNts Group Gatnslllo8sesl on revaluation B•l•Ko at Re8ourc•s Tr•nst¢rs of Ilyed ¥s#el 31.12.20 1.120 R*stiicled lund$ The Samye PIoi8¢1 Holy Isle Propcl Dtslma Lhakhang MonasiÉ¥y l)her rÈsliKied lunds 4.739,361 3.784,234 324.904 4,736.069 3,784.234 I,333 (2.033 322,225 Twalrnstri¢t•d lttnds 9.2a>.228 178.497 (iCY2,9J3) 9.295,732 DesSgbWted fuThls RdYJious leather5 fur¥J unrestric Iwd$ 19,279,394 2,062,684 11,466.4411 19.875.637 28,583,622 2,241,181 1..434 29.255.369 J&29
RokpaTrust Notes to I 8ccount8 Forthe Yew EThJed 31 D8combeT 2021 2D Fund# net at Irxornw IrtgoIng Trnnslw at 31.1121 G•ln¥(th8••1 on r•v•lu•llon invtsthièr prnp8rty Compfiny The Samye Project Hoty Isle Proje Dokna LhakharrfJ Vwasiery ber iesirKi8d I18 4,736.r 3.784.234 453.204 322.225 12.M 14,n32711 13.7842341 117.195 74 11.655) 28.1 S68,744 368.456 TO181r&St1L¢rn1s 9295,732 191. (92,1 (4517.505J 937.200 0•51unat•d funds ReigKAJs leathers fuTrJ 84.OD) Urwgglrlclg¢ tund¥ 19.773214 701.712 11.647.9 8.517x6 194.425 27,538,gfA) 29,152,946 1.0).552 194,425 28,560.100 Prlovy•arfur• Company Gal1110880$I B•l•rK• * KomlThg ChJlgolTrJ Tr•Mlern on ¥8111 ol ffixed 4ssets 08lanco at 31.1220 The Samye Proje H( Isle Prejeci DL4rlla LhakhaTrJ blDna51ery Other restrtsd 4.739261 3,784.234 324,904 371.729 13292) 4.736.069 3,784.234 453.204 322.225 1YJ 12,0331 97.668 178,497 (fffk,9931 9,295,732 Oegfionated lunds Aelgir¥Js i8erS furkj 84,OCp) U81d lunds 19,177.418 554.895 12.959.099> 19,T13.214 28.481.646 3.733.3Y2 3.C62.092 29 152.946
Pokpa Trusl Notes ¢0 the accourts For the Year Ended 31 Dec¢mbgr 2021 20 Funds IntInued) The following fu lo b8 f•Strtled aThJ 10 be us•J purye5 either laKI ¢%JMI by dolts or by thè tems of partty)Jlar apaL$ or a[ne$. The Sarn This is the name given io tre deVdcVn of Ihe Samye Temple at EskdalerThw. Funds We rabsed SFwfic slw ol the buildiThJ wryks aThJ is rthv comKlete. Fund5 relating to the deveh)pffrt and csyabon ol Ht IIWKI and Glenscowrodth on Ihe Iskn of Ayrnn as a plxe ol treat lor Buthi8ts peoF4e cd all lailhs. To tlId a medKal clini¢ in the grouTrSs of Dolma Lhakar¥J, ststted by a resKleN ttrr. Also to bvild shellered housirKJ for tt elderty. to we those who have no family are provigonally téiNJ Ted for by Ihe Monastery more CMI0n8b1e accomrnoJion. rAes FUTh Funds raised lor projects èStabEshed at Kagyu Samye LiThJ fortr futIheran d 8$Jh1 a1 other furKls where the dort has a¢e restrKbons the use ol the IlS wovKled. The tiuslees have designatqd lor thè sugpxt d the TQtan Lamas Otr relxwus teachws to putsue a relwus lrfe. 21 Tr¥fer8 The traIle[ fr¢n reStrled fuThts to unreslrthd IwKls represents restrKl8d fuTrJ5 receivwj to purchase fixed assets lor Samye Proieths arnl Hoty IsTe. Once the assets were kxJr¢hased the or¥Jinal tsstitbon on the fu19 mei the assets we tra[erre{l to unrestricted funds. io rellect the lact they are unrestricted use. Safflye ProjeLts has been co1•1 for a wrntr of years arnl the iwme gewaied ty Holy Ie 1$ ckssed as unrestrtled. 22 Ntt ass$ by fund To¢al funds Group lunds nds Fed assets Investment property Current assets Inter fund balarKes Creditors due within one year Creditor5 due alter one ye ProvisK)ns for liabilitie5 and charges 19.993,753 19.993,753 680,632 8.276.725 937.200 7.255,525 1288.8801 18.5951 1288,8601 18.5951 937aJO 84 0(Kl 27.632 455 Page 31
Rokpa Trust Noto$ to the accounts For the Year Ended 31 December 2021 22 Net assets by fund l¢ontlnu•d) Unreslrict lunds Totsl lunds Compony funds funds Fixed assets Investrnenl assels Curreni assets Creditors due vrithin one year Cieililors due after or year 19.992.499 680,632 7.163,225 1288.8611 8,595 27 538 900 19,992,499 680.632 8.184,425 1288,8611 8,595 28,560 100 937.2(Kl 937.2CKI Prlor year net ss•ts by lund Group Unrestricted lund$ Total funds funds lunds Fixed assets Investment propety CUent assels Inter lund balances Crediiors due wthin one year Creditors due afier one year Provisions lor liabiliti&s and charges 7.851.318 12.202.761 478.207 7.477.254 20.054.079 478.207 9.005,668 1.444.414 1269,4491 112,8551 1269.4491 112,8551 281 19.875.637 281 29,255,369 9.295.732 Re$tricled lunds Deslgnated fund5 Unrestrlcl funds Total funds Company Fixed assets Invesimenl assets Current assets Credilors due vthhin one year Creditors due atter one year 7.851.318 12.201,285 478.207 7.375.998 1269.4211 12.855 19.773.214 20,052,603 478.207 8,904.412 1269,4211 12,855 29,152,946 1.444.414 9.295,732 Page 32
Rokpa Trt Notes to the aeeounts For the Y1 Endod 31 Oecember 2021 23 Reconclllatlon of not incomel(expBndlture) lo ngt cash Ilow Imm opera15ng actlvltles 2021 2020 Not in¢omellexpendituro1 for the reporting per•)d las per the statement of financial actl¥ities) 1601.7141 671,747 Adju$lmonts for: Depfeciation Ch'vidends, inlerest and rents from inv8Strnents Ilncreasey(lecrease in inVennI propety Ilncreaseydecrease in inveslments Ilncreaseydea$e in other assets Ilncreaseydecrease in stocks Increaseydecrease in debtors Increaselldecreasel in creditors Net cash provided by operating aciivitW5 63.327 121,2441 1202.4251 {1.170,3191 84.753 136,0091 1478.2071 478,207 11.231 6.878 120,170 618,430 1,103 135.3391 14,869 1,951.742 24 ChaNJes in n•t debt A131 Deeember 2021 At 1 January Ca$h fi¢)w$ Ca$h and cash equivalents Cash 8.842.Y26 11.933.498) 6.909.028 8.842,526 11,933,498) 6,909,028 25 Finbncial commitmenls During Ihe year Rokpa TrLtsI committed lo pay £l.S towards the bu11ng of a Labrang on the Cedarpeak Reserve. £317.050 was paKI during the year tovords this commtlment. During the yeaf. Rokpa Twu* also commiNed pay £650.000 Iowdrds the buihjing ol a temple in Kensington, sth Africa. £282.950 vrds paKI durirrtJ the year knvard5 Ihis commitment. Page 33