Rokpa Trust Consolidated Financial Statements 31 December 2024 dOdd&co *AEC4B768• 2910912025 COMPANIES HOUSE A23 #52 Rokpa Trust Contents for the yèar ondlng 31 December 2024 Page Trustees. report Report of the Independent Auditors Consolidated Statement of Financial Activiliès 13 Charity Statement of Financial Aclivilies 14 Group Balance Sheet 15 Company Balance Sheet 16 Group Cash Flow Statement 17 Noles to the financial statements 18 Rokpa Trust R•port of th• Tru8t••8 and Dlrectors for tho year ended 31 December 2024 The trustee$ are pleased lo present their ￿port togelher with the finanual statements of the charity for the year ended 31 sl December 2024. Ref¢ren¢e and admlnlstratlve detslls Charity number.. 1059293 {England & Wales) SC038628 (Scolland) Company number: 3260031 (England & Wales} Registered offi'ce.. FIFTEEN Rosehlll Montgomery Way Rosehill Eslale Carlisle CA1 2RW Principal office.. Kagyu Samye Ling Eskdalemuir Langholm Dumfries & Galloway DG13 OQL Directors and trustees The directors of the chantable company (the charilyl are its trustees for the purpose of charity law and throughout Ihls report are collectively rolerred lo as the Iruslees. The trustees serving during the year and since the year end were as follows Abbot Lama Ye8he Losal Rinpoche John Maxwell Ani Lhamo Karma Lhamo Cosgrove Lama Elise Krisline Sylvest Jacobsen Tsullim 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 Dumfiie8 High Street Branch DG12RA .Solicilors'. Brodies 2 81￿h$wood Square Glasgow G2 4AD Page 1 Rokpa Trust Report of the Trustees and Directors for the year ended 31 December 2024 conttnued Structure. Governance and Management The financial statements have been prepared in accordance with the accounting policies set out in notes to the accounts and comply with the charity's governing document. the Charities Act 2011 and Accounting and Reportlng by Charities.. Slatement of Recommended PTactice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in Ihe UK and Republic of Ireland. rnin nt Rokpa Trust is a company limited by guarantee and govemed by its Memorandum and Articles of Association dated 1 st January 1997. 11 is registered wtth the Charity Commission in England and Wales and the Off￿e of ihe Scottish Charity Regulator. In the event of the company being wound up members are required to conlribule an amount not exceeding £10. intment of Truslees The Articles of Association provlde Ihal the trustees 8re appointed by spiritual leaders of the Kama Kagyu order of Tibetan Buddhl$m. Newly appointed ITUStees are glven induction training depending on their level of experience and all trustees are offefed ongoing Iraining 88 appropriate. nis tion rucl The organisalion is divlded Into a number of branches, which cany out the work of the Trust. The main branch, Kagyu Samye Ling provides leachin9 SUPPOrt and guidance. gives administrative assistance and acts as head office for the organisation. The Irustees are responslble for the overall managemènt and control of the charity and receive reports from the branches, committees, which include at least one of their number on each. Day to day management of the charity durlng 2024 was delegated lo the ¢omp8ny secr81ary, Sean McGovem. k Mana emenl The trustees have a risk managèment strategy. This comprises of an annual review of risks the charity may face and the establishment of syslems and procedures to mitigate those risks. Two key areas are health & safety. and Ihe setting of a resepjes pollcy and Its regular review by Injstees. Relaled P rties There are two subsidiary trading companies as part of the Rokpa Trust Group, being Rokpa Developments Ltd and KSDL Trading Lld. Obiectlves and actlvltles The Trusl's primary objects. as stated in ils Memorandum of Association are.. 1. To promote the Buddhist religion and foster non-seclanan inler-religious dialogue and understanding. 2. To provide medlcal care and therapy. 3. To provide education. 4. To ￿lIeVe poverty. Rokpa Trust can trace its origins in the UK back lo 1983, when two young Abbots. ¥*ho had left Tibet came lo Oxford and a few years later settled in Eskdalemuir. Scotland. establishing the firsl Tibetan Buddhist Cenlre in the West. They named it Samye Ling after the first Buddhist monastery in Tibet and this was the beginning of the Cenlfe. vthich has grown over some S0+ years to become a renowned institullon for the study and practice of Buddhism. The aims of the charity fall into three areas.. $plritual,' heatth and education., and ttie relief of poverty. The charity. seeks to help improve education and relieve povety. The charity also seeks to expand the understanding of Buddhism. Continuedl Page 2 Rokp• Trust Report ol the Trustees and Dlrectors for the year 8nded 31 December 2024 continued The Twslees ￿ceIve reports from all parts of Rokpa Tru81 and meet annually ￿th volunteers who manage our dillefenl branches. Thls enables the Board of Trust8es lo review each aspect ol Ihe Charilable aims lo assess Ihe number of beneficiarfes Ihai have been asslsled In each ol these aieas and the ways In they have benefiled trom the work of lh8 Otganisab'on. Along with Ihe financial information produced in the year end financial sialements, Ihis is the main measure of the charitys suceess. To achleve Ihe first of its eharilable objeclives Ihe Trust h88 eslabli8he Regulatlons 2006 (as amended) and the Companies Act 2006. As a result of performlng the above, in response to the rfsks identified, we did not identfy any key audit matters related to the potential risk of fraud or non