APPROVAL Rokpa Trust Consolidated Financial Statements 31 December 2023 IIIIM •ADBY7GMA• 1910912024 COMPANIES HOUSE A27 #151 dOdd&co Rokpa Trust Contents for the year endlng 31 December 2023 Page Trustees, report Report of the Independent Auditors Consolidaled Statement of Financial Activities 13 Charity Statement of Flnancial Activilies 14 Group Balance Sheet 15 Company Balance Sheet 16 Group Cash Flow Slatemenl 17 Notes to the financial statements 18 Rokpa Trusl Report of the Trustees and Directors for the year ended 31 December 2023 The trustees are pleased to present their report together with the financial statements of the charity for the year ended 31 st December 2023. Reference and admlnislrative delails Charity number.. 1059293 (England & Wales) SC038628 (Scotlandl Company number: 3260031 (England & Wales) Registered office.. FIFTEEN Rosehill Montgomery Way Rosehill Eslale Carlisle CAI 2RW Principal office.. Kagyu Samye Ling Eskdalemuir Langholm Dumfries & Galloway DG13 OQL Dlreclors and trustees The directors of the charitable company Ilhe charity) are its Irustees for the purpose of chariiy law and Ihroughout this report are collectively referred to as the trustees. The Iruslees serving during the year and since Ihe year end were as follows Abbot Lama Yeshe Losal Rinpoche John Maxwell Ani Lhamo Karma Lhamo Cosgrove Lama Elise Kristine Sylvest Jacobsen Tsultim Palbar Lama Company secretary.. Sean Michael McGovern Auditors.. Dodd & Co Audit Limited FIFTEEN Rosehill Montgomery Way Rosehill Estate Carlisle CA1 2RW Bankers.. Royal Bank of Scotland 151 High Slreet Dumfries DG1 2RA Solicitors.. Brodies 2 Blyihswood Square Glasgow G2 4AD Page 1 Rokpa Trust Report of the Trustees and Direclors for Ihe year ended 31 December 2023 conllnued Slructure, Governance and Management The financial statements have been prepared in accordance with the accounting policies set out in noles to the accounts and comply with the charily's governing document, the Chaiilies Act 2011 and Accounting and Reporting by Charilies.. Stalement ol Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic ol Ireland. Gov rnin Documenl Rokpa Trust is a cornpany limited by guarantee and governed by its Memorandum arKI Article5 of Association dated 1 sl January 1997. It is registered with the Charity Commission in England and Wales and Ihe Office of the Scottish Charily Regulalor. In the event ot the company being wound up members are required lo contribule an amount nol exceeding £10. ointment ol Trustees The Articles ol Association provide that the trustees are appointed by spiritual leaders of the Karma Kagyu order ol Tibetan Buddhism. Newly appointed Iruslees are given induclion training depending on their level of experience and all trustees are offered ongoing training as appropriate. ani ati lure The oiganisation is divided inlo a number of branches, which carry out the work of the Trust. The main branch, Kagyu Samye Ling provides teaching support and guldance, gives administrative assistance and acts as head office lor the organisation. The trusle&s are responsible lor the overall management and control ol the charity and receive reports Irom the branches. committees, which include at least one ol Iheir number on each. Day lo day management ol the charity duiing 2023 was delegated lo the company secretary, Sean McGovern. k Mana ern The Iruslees have a risk management strategy. Th55 comprlses ol an annual review of risks the charity may lace and the establishment of syslems and procedures lo mitigate those risks. Two key areas are heallh & safely, and the setting ol a reserves policy and its regular review by trustees. There are Iwo subsidiary ifading companies as part ol the Rokpa Trust Group. being Rokpa Developments Ltd and KSDL Trading Ltd. Objectives and aellvities The Trust's primary objects, as slated in ils Memorandum of Association are: 1. To promote the 8uddhist religion and loster non-sectarian inter-religious dialogue and understanding. 2. To provide medical care and therapy. 3. To provide education. 4. To relieve poverty. Rokpa Trust can Irace its origins in the UK back lo 1963, when two young Abbo15, who had left Tibel came to Oxford and a lew years laler sellled in Eskdalemuir, Scolland, establishing the first Tibetan Buddhist Centre in the West. They named il Samye Ling alter Ihe first Buddhist monastery in Tibet and this was the beginning of the Cenlre, which has grown over some 50+ years to become a renowned inslllulion for Ihe study and practice ol Buddhism. The aims of the charity fall into three areas-. spiiitual; health and education., and the relief of poverty. The charity seeks to help improve education and relieve poverty. The chaiily also seek5 10 expand the understanding of Buddhism. Continue Page 2 Rokpa Trust Report ol the Trustees and Directors for the year ended 31 December 2023 continued The Trustees receive reports from all parts of Rokpa Trust and meet annually with volunteers who manage our ditterenl branches. This enables th8 Board ol Trustees to review each aspect ol the charitable aims to asse55 the number ol beneficiaries Ihat have been assisted in each of these areas and the ways in which they have benefited from Ihe work ol the organisalion. Along with the financial information produced in the year end linancial statements, this is the main measure of the charity's success. To achieve the first of its charitable objedives thg Trust has established a number ol Tibetan Buddhist Cenlres in the Uniled Kingdom, the most notable being the Kagyu Samye Ling Monastery and Tibetan Centre where a Buddhist temple has been built. In addition Holy Isle, on the West Coast ol Scotland, has been acquired by.lhe Trust and has now developed into a place for retreats for Buddhists and people ol all faiths. To achieve its charitable objective of relieving povety, Rokpa Trust has tor many years run projects to feed homeless and poor people in various cities in the United Kingdom. Some money is also raised lo be sent to projects abroad. The organisation is based on volunteer involvement with only a few paid posts in areas of management and administration at Lolhlorien, whose remuneration is set by the Board ol Trustees. It is highly d8pendenl on the many unpaid volunteers who give their lime lo ils work and ils projects. The energy and pure commitment that they bring to the organisation is at the very heart of the woilf ol Rokpa Trust. In detefmining the objectives the tfuslees have paid due regard lo Charity Commission guidance on public benefit. The charity is aware ol the increasing risk of banking and credit caid fraud and règularly advise all users of online laeililies on the bèst strategies lo employ. The r8PUtalion ol the charity is very important and so all attempts are made lo minimise risks in this respect. The Trustees and local groups meet regularly lo review all policy documents. All insurances ar8 reviewed as the situation demands and updated as necessary. Achlevements and performance Kagyu Samyo Llng Monastery and Tibetan Cenlre Buddhist activities have signilicanlly increased since the end of the Covid pandemic. We are happy to rewrt that the following teachings took place at Samye Ling during 2023.. Throughout 2022 and up until May 2023 we received regular Iransmissions, saveral times per week, from th8 Venerable Khenchen Thrangu Rinpoche {onlinel 14- 25 January: Daily leaching by His Holiness I Ph Karmapa on the 30 Verses on the Mind Only School {online} 30 January-1 February 2023- Daily leaching by His Holiness 171h Karmapa- Teaching on the Life and Liberation of Atisha (online) 2 April-29 April 2023- Daily teaching by His Holiness 17th Karmapa.. 7th Arya Kshema Spring Teachings lonlinel= Mikyo Dorje's Aulobiogiaphical Verses 15 April 2023.. Tulku Pasang Rinpoche - Green Taia Initiation 18 April- 5 May 2023: His Holiness 1 Ph Karmapa.. Arya Kshema Spring Teachings lonline}: Mikyo Dorje's Autobiographical Verses 25126 May 2023.. Lama Yonten and Lama Rigzin - Blessing ol Ashes Ceremony - 27 May- 2 June 2023.. 3rd UK Kagyu Monlam- Drupon Khen Rinpo¢he gave two daily teaching sessions on A String of Pearls - Gampopa's Community Teachings Continue(fl Page 3 Rokpa Trust Report ot the Trustees and Olroctors tor the year ended 31 December 2023 contlnued 3 Juno oo_￿.. Lama Yeshe Losal Rinpoche- RFtli IOA ewerfimnny 17-18 June 2023: Ringu Tulku- The Four Limitless Conlemplalions 24 Jun8 2023.. Khenpo Lekthong - Negativity. positivity and reality ol Buddhism 7 July 2023 onwards.. Deputy Abbot Lama Kalen gave weekly leaching 9 July 2023 onwards.. Lama Kalen gave daily teaching of Tibetan 12.20 August 2023: Lama Zangmo - Summer Retreat on Dorje Chang Tungma 22 August- 17 Septemb8r 2023.- Khenpo Lekthong - Ratnakuta Sutra and Ornament of Mahayana Sutras 15 October 2023= Meditation practice retreat in honour ol the anniversary ol our Founder Akong Tulku Rinpoche's passing. Daily teachings by Drupon Khen Rinpoch8. 17 Oclober 2023: Refuge ceremony wlh Abbot Lama Yeshe Losal Rinpoche During the ¢ourse of 2023 the following projects were undertaken and completed.. In oor Refurbished Anis. House bathroom Relurbished 'disabled' bathroom in Potala House Insulated under the floor in Polala House Redecorat8d Tashi Deleg House Craaled axtra accommodation {two large rooms) in Tashi Del8g House Adapted hol water systems lo be more efflclenl Sorting out Library- slill ongoing door ReplaGed and re-located rnain gas lank so it is now lully compliant Felled l¥e8s in the area surrounding the lank then landscaped it and planted with flowers Exlendad fruil-lree planting at Samye Ling and al Puielands Planled vegetables on new ground next lo the Tara Gaiden Extended flower-planling along riverside Replaced fencing in Akong Memorial Garden with stone walling Extended green-house space The key financial review points are as lollows.. We have negolialed a more favourable eleclri¢ity contract We are saving a significant sum ol money by growing our own vegetables We are consolidating bookings to reduce healing bills We are shutting down some guest accommodation over the wintér to reduc8 heating costs We have re-negolialed our insurance policy in a way that is much more favourable in terms ol cover and c051. Shop sales as part of Flokpa Developments have significantly increased since the end of the pandemic. We have redesigned the shop and added new displays. We have ro-slockod il with the most popular items and quality products plus new 'lines'. Kagyu Samye Dzong London Kagyu Samye Dzong Tibetan Buddhist Centr8 first opened In April 1998 and offers a peaceful and welcoming environmenl in our cenlie in central London. They run a piogramme of courses and workshops focusing on. medilation, Buddhisrn, and holislic iherapies, in Berrnondsey, near the heart ol central London, and also provide venues lor community activities and alternative praclilioner5 a5 well as a qualilied Tibetan doctor who holds regular clinics whar8 patients receive treatment using traditional Tibetan methods. Continuedl Page 4 Aokpa Trust Report of the Truslees and Directors lor Ihe year ended 31 December 2023 continued Th8 cenlre is closely connected lo Kagyu Samy8 Ling Mona51ery in Scotland, which was eslabllshed In 1967 and is under the direct guidance ol Choje Lama Yeshe Losal Rinpoche. As part ol the Kagyu Iradilion, one ol the four main schools ol Tibetan Buddhism, headed by His Holiness the 171h Gyalwang Karmapa Orgyen Trinley Dorje. the centre looks lo offer a eonslanl programme ol Buddhist teachings, meditation retreats and meditation inslruclions, as well as provlding a place of calm lor Buddhlsis and non-Buddhists alike. Lama Gelongma Zangmo is the resident lama and lea¢her at our London blanch. There is a lovely Tibetan Tea Room and Comfortable seating to enjoy a moment of relaxation. There is also a shop ottering a wide selection ol Buddhist books from all Iradilions. and a variety of related items, such as in¢ense, meditation cushions, slalues, and malas. Kagyu Samy• D2¢)ng Edlnburgh After many years KSD Edlnburgh Is now well-eslabllshed in the capital city. In 2016 they bought a building in Leilh and hav& now moved there. The n8w Cenlre. with ils beautiful, domed Shfine Room and spacious Yoga Room, provides the Ideal space for a wlde range ol h•aiih.givlng aclivilies lo benefit body and mind. Kagyu Samye Ozong Glasgow From the early 1980's. a group ol people mel In the Glasgow area lo study and practice the Ohaima and lo work towards havlng their own bas8 In the area all under th• auspices ol Samye Llng Monaslery and Tlb8lan cenlie near Eskdalemuir in the Borders. The property al 7 Ashley Street Ilormerfy known as Rokpa Housel was purchased in May 2000, and work began lo upgrade the rooms for use. 11 was finally inaugural8d in March 2001 by the Foundiw President ot Rokpa Trusi. and co-loundgr of Samye Ling, Dr Akong Tulku Rinpoche. A semi.prolessional kitchen was installed in the basement lo provide soup lor Ihe homeless and hungry in Glasgow. The ReceplSon and Offlce Is open on weekdays Irom 11 am lo 1 pm, when any vlsliors are welcomed, and any phone messages acliongd. 80th the Llbrary and Shop are also open on weekdays liom 11am lo 1pm, and on some W88kènd8 by prlor arrangemènt. Everything Ihal happens al Kagyu Samye Dzong Glasgow is due entirely lo the efforts ol ils volunteer staff. Kagyu Samye Dzong Scarborough In June 2013 Scarboiough Borough Councll voled lo transfer Ihe beautiful, hlsloric building Londesborough Lodge lo Rokpa Trusl. as a Community Asset Transfer. The locus has been on the 18generailon ol Ihis sile, reslorlng il io Its orlglnal splendour and cultural sLonilicance. and openlng il as a centre lor the health and wellbelng ol th8 community. The main lunclion ol the centre is 10 provid8 medilalion and ¢ompas$ion-based mindluln¢ss classes and retreats lor both Buddhists and non-Buddhlsls alike, as well a$ health and wellbelng servlces with community outreach. Other Kagyu Samyo Dzong$ These Cenires ar¢xJnd Ihe UK range in size from small gioups meeling in pèople's homes. lo the larger cenires wilh their own proFerties. In 2023 there were Cenires in the Scottish Highlands, Surrey. and Cardiff. Lolhlorlen Lolhlorlen Is a Ihefapeulic community lor people wilh menial health problems, situated in a qu181 rural selllng In Soulhwesl Scoiland. The community consists ol residents with mental health problems and voluntary co.workers, living in the 13 bedroomed main house and a further 5 people living in Roan Lodge, the adja¢enl move-on house. The staff, known as the Core Group. come in on weekdays. As a Iherapeulic community, Lothloiien aims lo help people to develop their strengths and woik lowards recovery through Ihe shaied experience ol community life. Lolhlorien differs from the usual approach lo residential care by aiming lo minimise the dislinelions befvieen Slatt, volunteer5 and residents and lo avoid the division between those who are 'well' providing care lor those who are 'unwell', Instead, they aim lo create a culture ol mutual support, which lacililales people in developing their strengths and allows them lo see themselves as having something lo ofler as W811 as having something lo gain Irom community Ille. The weekly progiamme is mainly focused on organic vegetable gaidening and outdoor work. It also includes relaxation groups based on Tara Rokpa Therapy, artwork and Qigong. Conlinuedl Page S Rokpa Trusl Report of the Trustees and Directors for the year ended 31 December 2023 continued Helping the Homeless In the UnSted Kingdom Rokpa Trust continues to provide tood and other necessit18s to the homeless in Glasgow and London. This was interrupted during the Covid pandemic bul resuméd in early 2021 and has continued lo the dale of this report. ProJectg Cedarpeak Prolecl In South Alri¢8 The trustees ol Rokpa Trust U.K. are supportlV8 of Rokpa Trust South Africa collat