Do¢usign Envelope ID.. C17048D&DA7O47A5-8D31A632B8E2El Company No. 03863079 Charity No. 1079677 HIMALAYAN LITEII4CY AND EDUCATION strppoRT FUND (A company limited by guarantee) AIVNUAL REVIEW AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
Dtscusign Envelope ID.. C17048DB-DA7047AS-8D9C-31A632B6E2E1 HIMALAYAN LITEKICY AND EDUCATION SUPPORT FUND Contents Page Legal and admlnistratfive information Trustee5' report and annual review Report of the accountant Statement of financial activities Balsnce sheet Notes to the financial $tatements
Docusign Envelope ID.. C17048DB-DA7047A5-8D9C-31A632B6E2E1 HIMALAYAN LITERACY AND EDUCATION SUPPORT FUND LEGAL AND ADMINISTRATIVE INFORMATIOh' Constltution Himalayan Literaey and Education Support Fund is a company limited by guarantee No. 03863079 and its Memorandum and Articles of Association are the governing docutnent. It is also a Registered Charity No. 1079677. Directors and Trustees The directors of the charitable company {'tthe charity") are its trustees for the purpose of charity law. The direelors as at 31 D¢cember 2023 were as follows: Dr Elaine Margaret Robson (Chairnian) Dr Stephen Mark Robson Mrs Katharine Sylvia Davies Regfistered office: Flat 13 David Thomas House Effingham Road Bristol Accountants.. W J James and Co Chartered Accountants Bishop House 10 Wheat Str¢et Breron Powys Bankers: Leeds Building Society 105 Albion Street Leeds Barclays Bank PIC Bristol Clifton Queens Road Leicestcrshire Company number: 03863079 (England and Wales) Reglstered eharity number: 1079677
Docusign Envelope ID.. C17048DB-DA7047A5.8D9C_31A632B6E2E1 HIMALAYAN LITERACY AND EDUCATION SUPPORT FUND REPORT OF THE DIRECTORS AND TRUSTEES For the year ended 31 December 2023 The Truslees, who are also Directors of the charity for the purpose of Companies Act 2006, have pleasure in presenting their annual report and the financial statements for the year ended 31 December 2023. The financial statements comply with current statutory rcquircm¢nts, th¢ Mcmorandum and Articles of Association and the Staten]ent of Recommended Practice (SORP). Structure, Governance and Management Himalayan Literacy and Education Support Fund (HJMLIT) is a wmpany lirnit¢d by guarantee. It was incorporated on 21 October 1999 and is gToverned by its Memorandum and Arti¢l¢s of Association. The company was registered as a charity on 2 March 2000. The Directors of the charitable company are its Trustees for the purpose of charity law and throughout this report are collectively referred to as the Trustees. Objectives and Activities The object of the Charity are: . (a) to advance education particularly (though not by way of lirnitation) within the field of the Jninority religions of Tibet and neighbouring regions in such parts of the world as the directors of the charity ('tthe trustees") may from time to time think fit: (b) to relieve persons who are in conditions of need or hardship or who are aged or sick and to relieve the distr&%s caused thereby in Tibet, the surrounding regions and in such other parts of the world as the trustees may from time to time think fit. Public Benefit The Irust¢¢s confinn that they have complied with the duty in section 4 of the Charities Act 2006 to have due regard to the Charity Commission's general guidance on public benefil, 'Charities and Public Benefit,. Himalayan Literacy and Education Support fund's charitable PUTpose is enshrined in its objectives and delivers public benefit through the work it perfoms in delivering these objectives. Chairman)s Report We began lo 'breath again. in 2023 as various restrictions that Covid had placed on us during 2020 - 2022 began to be lifted. And in August the chairnlan was able to fly to Beijing and present a paper at the 7th international SeminaT on Tibetan Studies. She was abroad from the 12th August and arrived back in Bristol on the 19th. This gathering was initially scheduled to take place in 2020 but had to be can¢ell¢d due to worldwide lockdowns. Over 300 delegates from China attended and twenty prescnters had flown in from abroad. In 2022 the HIMLIT board members discussed a proposal to publish an English edition of the Art book along with a 16,000 word Jnlroductiun. W¢ are currently negotiating with the Caxton Press in New Zealand about this. W¢ have also engaged the services of a memoir writer to refine the introduction and add more detail to it. This will enable to reader to learn the 'where, why, and liow, these Asian style paintings were created. Storage of our HIMLIT manuscripts, publications and Oth reseaTch books remains an ongoing problem since we had to move our location to another part of Bristol in April 2022. We are currently renting a storage unit but it is hoped that in the near tUre we can flnd a more accessible location and one where the light is noi programmed to go off every 1-2 minut¢s!
DoSIgn Envelope ID.. C17048DB-DA70-47A5-8D9C.31A632B6E2EI HIMALAYAN LITERACY AIYD EDUCATION SUPPORT FUND REPORT OF THE DIRECTORS AIYD TRUSTEES (Conlinued..... For thc.vexr ended.31 Decen)bcr 2023 Slow but steady revision of exisling draft manuscripts conlinues via Teams (Zoom) Monday lo Friday for up to 2 hours a day. And ihe chainnan's colleague spends a further 3 hours a day working on his own. Financial Report In 2023 £19,756, was spent on the provision of educational services. Donations totalling £11,199 were gratefully received from friends of HIMLIT. And income generated from the chairn]an's voluntary rental management activities (less the cost of repairs) lotalled £17,198. Final Remarks: In closing I wish to express my wann appreciation to my fellow tnislces and to friends and supporters in the UK who continue lo support us.
Docusign Envelope ID.. C17048D&DA7047A&8D9C-31A63286E2E1 HIMALAYAN LITERACY AND EDUCATION SUPPORT FUND REPORT OF THE DIRECTORS AND TRUSTEES (Continued..... For the year ended 31 December 2023 Statement of Trustees, Responsibillties The tThstees (who are also directors of Hiinalayan Lit¢racy and Education Support Fund for the purposes of conipany law) are responsible for preparing the Truste¢s' Report and financial statements in accordance with applicable law and United Kingdom Accounting Standards {United Kingdom Generally Accepted Accounting Practice). Company law require the trustees to pr¢pare financial statements for each financial year which give a true and fair view of the slat¢ of affairs of the charitable company and of the incoming resources and application of resources, including the income and ¢xpenditur¢, of the charitable company for the year. In preparing those financial statements, the trust¢es ar¢ required to:. select suitabl¢ accounting policies and then apply th¢m consistently> observe the methods and principles in the Charities SORP 2019 (FRS 102). make judgements and estimates Ihat are reasonable and prudent. state whether applicable UK accounting standards hav¢ been followed, subject to any material departures disclosed and explained in the financial statements. and prepare the financial statements on the going concern basis unless it is inappropriate to presume the Charitable company will continue in op¢ration: The trustees ar¢ responsible for keeping adequate accounting records that disclose with reasonable accuracy at any tiine the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. SIBwd by". F8Sf747890054B7.. Mrs Elaine Margaret Robson Chafinnan Date .
Docusign Envelope ID.. C17048DB-DA7047A5-8D9C-31A632B6E2EI HIMALAYAN LITERACY AND EDUCATION SUPPORT FUND INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES OF HIMALAYAN LITERACY AND EDUCATION SUPPORT FUND I report on the accounts of the company for the year ended 31 December 2023 which are sel out on pages 6 tol3. Respeetive responsibilities of trustees and examiner As the charity trustees of the company (and also its directors for the purposes of company law) you arc responsibl¢ for the preparalion of th¢ accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act,). Having sat15fied myself Ihat the accounts of the company arc not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your ompany's accounls as carried out under section 145 of the Charities Act 2011 ('the 2011 Act,). In carrying out my examination I have followed the Directions given by the Charity Commission und¢r section 145{5) (b) of the 2011 Act Independent examiner'$ statement I have completed my examination. J confirni that no matters have Come to my alt¢ntion in connection with the examination giving me cause to believe ihat in any material respect: accounting records were not kept in resp1 of the company &8 required by section 386 of the 2006 the accounts do not accord with those records" or the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair view, which is not a matter considered as part of an independent examination. or the accounts have not be¢n prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and republic of Ireland (FRS 102). I have no concerns and have come across DO Other matters in connection with the examination to which attention should be drawn in this report to enable a proper understanding of the accounts to be reached. J M Roderick, BSC, ACA WJJames&Co Chartered Accountants Bishop House l O Wheat Street Brecon Powys
Docusign Envelope ID.. C17048D&DA7¢>47A5.8D9C-31A632B6E2E1 HIMALAYAN LITERACY AND EDUCATION SUPPORT FUND STATEMENT OF FINANCIAL ACTIVITIES for the year ended 31 December 2023 2023 2022 Notes Income and endowments from: Donations and legacies Investmen¢ income 11,199 24,342 9,077 24,219 Total incoming resources 35,541 33,296 Expendlture on: Raising Funds Charitable activxties 7,144 19,756 2,961 12,419 Total expenditure 26,900 15,380 Net income and net movement in funds for the year 8,641 17,916 Balanees brought forward At l January 2023 185,004 167,088 Balances carried forward at 31 December 2023 12 193,645 185,004 All movements in the year are in unrestricted fund$
Docusign Envelope ID.. C17048D&DA7(k47A5-8D9C-31Afj32B6E2E1 HJMALAYAN LITEIL4CY AND EDUCATION SUPPORT FUND (REGISTERED NUMBER: 03863079) BALANCE SHEET as at 31 December 2023 2023 2022 Notes FIXED ASSETS Investment prop¢rty Office Equipment 126,004 726 126,004 1,088 126,730 127,092 CURRENT ASSETS Debtors Cash at bank and in hand io 3,922 65,363 2,529 57,373 69,285 59,902 CREDITORS: Amounts falling due within one year li (2,370) (1,990) NET CURRENT ASSETS 66,915 57,912 TOTAL ASSETS LESS CURRENT LIABILITIES 193,645 185,004 FUNDS General - Unrestricted Dcsignated 12 12 190,252 3,393 181,611 3,393 TOTAL FUNDS 193,645 185,004 For the year ending 31 December 2023 the company was ¢ntitled to exemption for audit under section 477 of the Companies Act 2006 T¢lating to small companies. Direciors, responsibilities: The members have not r¢quir¢d the company to obtain an audit of its accounls for the year in question in accordan¢¢ with scction 476. The director3 acknowledge their responsibilities for complying with the requirements of the Act WAth respect to accounting records and the preparation of accounts. ON BEHALF OF THE BOARD: SlgTred ty= so F851747BW5487... Mrs Elaine Margaret Robson- DIRECTOR
Do¢usign Envelope ID.. C17048D&DA7047AMD9C-31A632B6E2EI HIMALAYAN LITERACY AND EDUCATION SUPPORT FUND NOTES TO THE FINANCIAL STATEMENTS for the vegr ended 31 December 2023 ACCOUNTING POLICIES (a) Bas1$ of accounting Himalayan Literacy and Education Support Fund is a private company limited by guarantee registered in England and Wales. In the event of the charity being wound up, the liability in respect of the guarantee is limited io £10 per member of this charity. Th¢ address of the registered office is given in the cbarity inforniation on page l of these financial statements. The nature of the charity's operations and principal actlvlty are given in the Trustees, Report. The charity constiMt¢s a public ben¢fit entity as defined by FRS 102. The financial stat¢nients have been prepared in accordance with Accounting and Rqx)rting by Charities. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reportift)g Stsndard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 {as updated though Update Bulletiiig I published on 2 February 2016), the Financial Reporting Standard applicable in the United Kingdom and Republic of I]and (FRS 102), the Charities Act 2011, tbe Companies Act 2006 and UK Generally Accq)t¢d Practise as it appli¢s forn] l January 2015. The charity has applied Update Bulleting l as published on 2 F¢bruary 2016 and does not include a cash flow statfflnent on the grounds that it is applying FRS 102 Section IA. The financial statements are prepared on a going concern basis under the historical cost Convention, modified to include certain items at fair value. The financial statements are presented in sterling which is the functional cenCY of the charity and rounded to the nearest The signifjcant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated. (b) Incoming resources Income is recognised in the period in which the charity is entitled to rec¢ipt and th¢ amount can be measured with re&sonable certainty. (c) Debtors Debtors are recognised at their settlement amount due. Pr¢payments are valued at the amount prepaid net of any trade discounts. (d) Cash at bank and in hand Cash at bank and cash in hand includes cash and short tern) highly liquid investments with a short maturity of three months or less from th¢ date of acquisition or opening of the deposit or similar account.
Docusign Envelope ID.. C17048DB-DA7047AS-8D9C-31A63286E2E1 HIMALAYAN LITERACY AND EDUCATION SUPPORT FUND NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 December 2023 ACCOUNTING POLICIES (eontinued) (e) Grants receivable (i) Revenue grants are credited to the income and expendittlre Account on a receipts basis unless they are in respect of a specific &xpense, when they are credited in the period in which the expenditure is incurred. (li) Capital grants are matched with the rel¢vant expenditure as and when incurred. Until the expenditure is incurred, the grants are carried forward. (fj Investment properties Investment properties are measured at fair value at each reporting date with changes in fair value recognis¢d in 'nct gains 1 (losses) on investments, in the SOFA. (g) Creditors Creditors and provisions are recognised where the charity has a present obligation from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provision are nornially recognised ai their settlement amount after allowing for any trade discoullls due. (h) Opergtlng leases Rentals paid under operating leases are charged to the profit and loss account as incurred. (i) Fund a¢countlng Funds held by the charitable company are either... Unreslricied generalfynds - these are the ndS which can b¢ used in accordance with the charitable objects at the discretion of the trnstees. Designaledfvnds- these are funds set aside by the trustees out of unrestricted general fimds for specific future PUTposes or projects. Reslricled fvnds these ar¢ ndS that can only be used for particular restiicted purposes within the obj¢cts of the charitabl¢ company. Restrictions arise when specified by the donor or when funds are raised for particular restricted putposes. li) Resource5 expended Costs are apportioned to activilies as considered appropTiate, and the method of apportionment is stated in note 4. (k) Fixed Assets and Depreciation Depreciation is calculated so as to write of the cost of an asset, less its estimated residual value, over the useful life of that asset as follow". Office Equipment - 25 % Straight lin¢ basis Fixed Assets costing more than £300 have been capitalised at cosl. ET OUTGOING RESOURCES FOR THE YEAR This is stated after ¢harginty{crediting):. 2023 2022 Independent Examiners fee 570 584
Docu$ EnveloFe ID.. C17048DB-DA7(k47A>8D9C-31A632B8E2E1 IIIMALAYAN LITERACY AND EDUCATION SUPPORT FUND NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 Deeember 2023 INVESTMENT INCOME 2023 2022 Bank interest Rental income 24,336 24,218 24,342 24,219 TOTAL RESOURCES EXPENDED Bas1$ of Provislon of Governance Allocation Education Services 2023 2022 Costs Directly allocated to charitable activities I'ranslation and editing Bank charges Office expenses Conference costs Depr¢ciation Independent Examiners fee Direct Direct Direct Direct Direct Dtrect 12,668 41 1,431 4,684 362 12,668 41 1,431 4,684 362 570 9,116 48 2,310 361 584 570 19.186 570 19,756 12,419 WAGES AND SALARIES No Trustee received any remuneration or reimbursement of expenses during the year ending 31 December 2023 (2022: also Nil) TAXATION The charity is ex¢mpt fron) corporation tax on its charitable activities. io
Docusign Envelope ID.. C17048DB-DA7047A5-8D9C-31A832B6E2E1 HIMALAYAN LITERACY AND EDUCATION SUPPORT FUND NOTES TO THE FINAIYCJAL STATEMENTS for the year ended 31 December 2023 COMPAIL4TIVE STATEMENT OF FINANCIAL ACTIVITY FIGURES 2022 Total 2021 Total INCOME Donations and legacies Investment income 9,077 24,219 5,623 36,103 TOTAL INCOME 33,296 41,726 EXPENDITURE Raising funds Charitable activities 2,961 12,419 15,819 10,872 TOTAL EXPENDITURE 15,380 26,691 Net income and net movement in funds for the year 17,916 15,035 Balances brought fonvard at l January 2022 167,088 152,053 Balanees carried forward at 31 December 2022 185,004 167,088 8. INVESTMENT PROPERTY Investment Property Total COST Brought forward at l January 2023 126,004 126,004 Carried forward at 31 December 2023 126,004 126,004 NET BOOK VALUE At 31 Dccember 2023 126,004 126,004 At 31 December 2022 126,004 126,004 Investment propertles The investment properties were not subject to valuation al 31 Decemb¢r 2023. The Trustees consider that ther¢ is sufficient, independent indusiry data and commercial advice which is, specific to Swindon, to ¢nable then to accurately account for the chang¢ in value of the property on an annual basis. As such, the Trustees have reviewed the value of the properties at 31 Decanber 2023 and have agreed there has been no significant change in the market value of this property at this time. This will be reviewed again on 31 December 2024.
Docusign Envelope ID.. C17048DB-DA7047A5-8D9C-31A632B6E2E1 HIMALAYAN LITERACY AND EDUCATJON SUPPORT FUND NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 December 2023 FIXED ASSETS Office Equfipment Total COST Brought Fonvard at l January 2023 1,449 1,449 Additions Carried Fonvard at 31 December 2023 DEPRECIATIO Brought fonvard atl January 2023 361 361 Charge for th¢ year 362 362 Carried Fonvard at 31 Dec¢mbcr 2023 723 723 NET BOOK VALUE At 31 December 2023 726 726 At 31 December 2022 1,088 1,088 10. DEBTORS 2023 2022 Oth¢r debtors Prepayments 3,525 397 2,200 329 3,922 2,529 All debtors are due within one year. 11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE ITAR 2023 2022 Accruals 2,370 1,990 2,370 1,990 12
Do¢usi9n Envelope ID.. C17048D&DA7047A&8D9C-31A632B8E2E1 HIMALAYAN LITERACY AI¥4D EDUCATION SUPPORT FUND NOTES TO THE FINANCIAL STATEMENTS for thc year ended 31 Deeember 2023 12. MOVEMENT IN FUNDS AtlJan 2023 Income Expenditure Transfers Inl(out) At 31 Dec 2023 Unrestri¢ted funds Designated funds J81,611 3,393 35,541 (26,900) 190,252 3,393 185,004 35,541 (26,900) 193,645 Prior year comparative Ati Jan2022 Income Expenditure Transfers Inl{out) At 31 Dec 2022 Unrestricted funds Designated funds 163,695 3,393 33,296 (15,380) 181,611 3,393 167,088 33,296 (15,380) 185,004 13. ANALYSIS OF 'ET ASSETS BETWEEN FUNDS At 31 December 2023 Fixed Assets Net Current Assets Total UnrestrActed funds 126,730 66,915 193.645 126,730 66,915 193,645 At 31 December 2022 Fixed Assets Net Current Assets Total Unrestricted funds 127,092 57,912 185,004 127,092 57,912 185,004 14. RELATED PARTY TRANSACTIONS Income generated from the chairnian"s voluntary rental management activities (less the cost of repairs) totalled £17,198 (2022: £21,258). SHARE CAPITAL 15. The charitable company does not have a share capitsl, being limtted by guarantee. 13