Company No. 03863079 Charity No. 1079677 HIMALAYAN LITEIL4CY AND EDUCATION SUPPORT FUND (A con)pany limited by guarantee) AI¥NUAL REVIEW AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
HIMALAYAN Ll'fLRACY AND EDUCATION SUPPORT FUND Contents Page Legydl and administrative information Trustees, report and annual review Report of the accountant Statement of financial activities Balance sheet Notes to the financial statements
HIMALAYAN I.ITERACY AND EDUCATION SUPPORT FUND LEGAL AND ADMINISTRATIVL INFORMATION Constltution Himalayan Literacy and F.ducation Support Fund 1.8 a con]pany limited by guarantee No. 03863079 and ils Memorandum and Articles of Association are the governing document. It is also a Registered Cliarity No. 1079677. Directors and Trustees The directors of the charitable company ("the charity") are its trustees for the pury)ose of charity law. The directors as at 31 Deccmbcr 2024 were as follows- Dr Elaine Margaret Robson (Chainnan) Dr Stephen Mark Robson Mrs Katharine Sylvia Davies Dr David George Cussans (appointed 7 October 2024) Registered office: Flat 13 David Thomas House Effingham Road Bristoj Accoulltallts: W J James and Co Chartered Accountants Bishop House l O Wheat Street Bre¢on Powys Bankers: Leeds Building Society 105 Albion Street Leeds Barclays Bank PIC Bristol Clifton Queens Road l£icestershire Company number: 03863079 (England and Wales) Registered charity number: 1079677
HIMALAYAN LITEII4CY AND EDUCATION SUPPORT FUND REPORT OF THE DIRECTORS AND TRUSTEES For the year ended 31 December 2024 The Trustees, who are also Directors of the charity for the pUoSe of Compantes Act 2006, have pIeasure in presenling their annual report and the financial statements for the year ended 31 December 2024. The financial statements comply with current statutory requirements, the Mejnorandum and Articles of Association and the Statement of Recommended Practice (SORP). Structure, Governance and Management Himalayan Literacy and Education Support Fund (HIMLID is a company limited by guarantee. li was incoorated on 21 October 1999 and is governed by its Memorandum and Articles of Association. The company was registered as a charity on 2 March 2000. The Directors of the charitable company are its Truslees for the PUTPOSC of charily 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 limitation) within the field of thc minority religions of Tibet and neighbouring regions in such parts of the world as th¢ directors of the charity {"th¢ trustees") may from time to time think fil: (b) to relieve persons who arc in condilions of need or hardship or who are aged or sick and to relieve the distress caused thereby in Tibet, the surrounding regions and in such other parts of the world as the trustccs may from time lo time think fit. Public Benefit The trustees 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 benefit, 'Charities and Public Benefit,. Himala)'an l.ilera¢y and Education Support fund's ¢harilabl¢ purpose is enslirined in its objectives and delivers public benefit tl)rough the work it perfornis in delivering these objectives. Chairjnan's Report Actiiities: The year of 2024 was a productive year in regard to our creating several new drafts of books in the spoken language. We conlinue to keep the focus on new Himalayan readers who find reading literary translalions exlremely difficult to understand. We have continued updating and CO¢Cting our previous translation of verses that have proved particularly challenging for new literates. During 2024 we added 17 more PDFS to the ROW websitc and anticipate adding furiher new PDFS in 2025. The charity has owned a prefabricaled house post war property in Swindon since May 2019. It has been tcnantcd sincc then and has proved to be a valuable source of income until December 2023. At the end of 2023 the tenants suddenly vacated withoul paying January's rent. S(Idly, the house was left in such a filthy state it was impos8Éble for new tenants to move inlo. After consÉderable discussion it was decided to havc the whol¢ house upgraded. This involved building new walls of brick to replac¢ the old prefabricated blocks and adding more support and iicw installation inside thc building. The house then b¢came mortgageable and was no longer classed as a sub-standard property. A new kitchen was installed, new flooring laid throughout, and walls re-dccorated. The repaired house was advertised for sale in late September 2024, and an offer was acccpted soon after. The final exchang¢ datc was scheduled for 2 May 2025.
HIMALAYAN LITERACY AND EDUCATION SUPPORT FUND REPORT OF THE DIRECTORS AND TRUSTEES (Continued..... For the year ended 31 December 2024 The chairnjan had the privilcge of meeling a number of supporters at various gatherings throughout New Zealand in April/May 2024. And generous support gifts were sent to HIMLIT in the UK as a result. Progress on the finalisation for printing the Art Book in New Zealand have been delayed due to the need for repeated proof reading of its attached commentaries. But we hope this will be completed and the book available for sale in 2025. Financial Report In 2024 £8,842 was spent on the provision of educational services. Donations totalling £1 1,755 weie gratefully received from friends of HIMLIT. And income generated fmm the chainnan" s voluntary rental management activities (less the cost of repairs) tolalled £4,956. And the cost of refurbishing HIMLIT s house in Swindon was £59,089. Final Remarks: In closing I wish to express my warn] appreciation to my fellow trustees aiid to friends and supporters in the UK, as well as to ihe friends I met when speaking at meetings in New Zealand.
HIMALAYAN LITERACY AND EDUCATION SUPPORT FUND REPORT OF THE DIRECTORS AND TRUSTEES (Continued..... For the )'ear ended 31 December 2024 Statement of Trustees, Responsibilities The trusiees (ii,lio are also direclors of Hiinalayan Lileracy and Education Support FuTJd for the piirposes of coinpaii}, laii-) al'e i-espoiisible foi. preparing the Trustees Report and financial statenieiits iti accoi'daiice vith applicable laii, and Uniled Kiiiodom Accounting Standards (Uniled Kingdom Generally Accepted Accounlfftng Practice). Conipany laiw require ihe trustees 10 pi'epare finaticial stateineiits for each financial l'ear ii.hicli give a true and fair vi¢w of th¢ state of affairs of the cliaritable coinpaiiy and of the iiicoininir resources and appl ication of resources. including ihe income and expenditure. of the cliaritable coinpany for the year. In preparing those f)nancial statements, tlie trustees are reqLiired to:. select siiitable accounting policies and ilieii appl)i iliem consislenl l)" observe the inethods and principles in the Charities SORP 2019 {FRS 102). make jLidg7ement5 and estimates Ihat are reasonable aiid prudent: state wlietl)er applicable UK accounting standard5 have been folloH'ed, subjecl to any material depanLires disclosed and explained in Il)e financial statements. and prepare thc financial stateinents on tlie going concern basis unless it is inappropriale to presiiine the charitable compaiiy will continue in op¢ralion- Tlie trustees are responsible for keeping adequate accouiiting records tliat disc105e witli reasonable acLiiracy ai any tiine tlie financial position of ihe charitable company and eT)able tliein to ensure that the financial stateinenls complv ltI] the Companies Act 2006. Tliey al'e also respoiisible for sategiiarding tlie assets of the charitable ¢oinpany and hence for taking i-easonable steps for the prevention and detection ot fraud ajid other irregularities. Mrs Elaine Margarei Robson Chairman
HIMALAYAN LETERACY AND F.DUCATION SUPPORT FUND INDEPF.NDENT F.XAMINERS RF.PORT TO THE TRUSTEF.S OF HIMALAYAN LITERACY AND EDUCATION SUPPORT FUND I report on the accounts of the company for the year ended 31 December 2024 which are set out on pages 6 to 13. Respective responsibilities of trustees and examiner As the Charity trustees of the company (and also its direclors for the purposes of company law) you are responsible for the preparation of ihe accounls in accordance with the requirements of the Companies Act 2006 ('the 2006 Act,). Having satisfied myself that the accounts of the company are not requircd lo bc audited under Part 16 of the 2006 Act and are eligible for independent exaEnination, I report in respect of my examination of your company's ac¢ount8 as carried out under section 145 of the Charities Act 2011 ('th¢ 2011 Act,). In canying out my exarnination I have followed the Directions given by thc Charity Cornmission under section 145(5) (b) of the 2011 Act Independent examiner's statement I have cornpleted my examination. I confirn] that no matters have come lo my attention in connection with tlie cxamination giving me cause to believe that in any malerial Spect." accountintr records were not kept in respect of the company as required by section 386 of the 2006 the accounls do not accord iviih those records- or the accounts do not eomply with the accounting requirements of section 396 of the 2006 Act other than any requiremenl that the accounts give a 'true and fair view, which is not a matter considered as part of an independent examination. or the accouiits have not been prepared in accordancc wilh the mcthods and priiiciples of the Statement of Recommended Practice for accounting and reporting by charities applicable to chariti¢s preparing their aLcounts in accordance with the Financidl Reporting Standard applicable in the UK aiid republic of Ircland (FRS 102). I have no concerns and have comc across no other malters in connection with the cxamination 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 Powy Date....
HIMALAYAN LITERACY AND EDUCATION SUPPORT FUND STATEMENT OF FINANCIAL ACTIVITIES for the year ended 31 December 2024 2024 2023 Notes Income and endowments from: Donations and legacies Jnvestnient income 11,755 17,475 11,199 24,342 Total incoming resources 29,230 35,541 Expenditure on: Raising Funds Charitable activities 12,771 8,480 7,144 19,756 Total expenditure 21,251 26,900 Net income And net movement in funds for the year 7,979 8,641 Balances brought forward At l January 2024 193,645 185,004 Balances Carried forward at 31 December 2024 12 201,624 193,645 All movements in the year are in unrestricted funds
HIMAL.4YAN LITERACY AND EDUCATION SUPPORT FUND (REGISTERED NUMBER: 03863079) BALANCE SHEET as at 31 Deceniber 2024 2024 2023 FIXED ASSETS Investment property Office Eqiiipmenl 185.093 116.004 726 186,211 126.730 CURRENT ASSETS Debtors Casli at bank and in liand io 4.288 14,771 3.922 65.363 19,059 69.285 CREDITORS: AmoLints falling due M'ilhin one vear {3:646) (2.370) NET CURRENT ASSETS 15.413 66.915 TOTAL ASSETS LESS CURRENT LIABILITIES 201,624 19_3.645 UNDS Genei-al - Unrestricted Designated 12 12 198.231 3.393 190,252 3.393 TOTAL FUNDS 201,624 193.645 For the year ending 31 Decembei. 2024 the company ilias entitled to exe2nption for audii under S¢Ciion 477 of the Companies Act 2006 relating to small compaiiies. Directors- responsibilities.. The inembers liave not required the cotiipan), to obtain an audil of lis accounts for tlie year in question in accordance witli section 476. The direetoi's acknoivledge Ilieir responsibilities t.or complving M'.itl) Ihe requiremeT)Is of the Act witli I'espect to accoiiniing records and tlie preparalion of accounis. ON BEHALF OF THE BOARD: Mrs F.laine Margaret Robson - DIRECTOR
HIMALAYAN LITEIUCY AND EDUCATION SUPPORT FUND NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 December 2024 ACCOUNTING POLICIES (a) Basis of accounting Hiinalayan Literacy and Educalion Support Fund is a private company limited by guarantee registered in England and Wales. In the event of the charity beiiig wound up, the liability in respect of ihe guarantee is limited to £10 per member of this charity. The address of the regislered office is given in the charily infonnation on page l of thesc financial statements. The nature of the charity's operations and principal activity are given in the Trustees, R¢port. The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with Accounting and Reporting by Charities. Stateinent of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporling Standard applicable in the UK and Republic of Ireland (FRS 102) issued oll 16 July 2014 (as updated though Update Bulleling I published on 2 February 2016), the Financial Repoiting Standard applicable in the United Kingdom and Rq)ublic of Ireland (FRS 102), the Charities Act 2011, the Companies Act 2006 and UK Generally Accepted Practise as it applies fonn l January 2015. The charity has applied Update Bulleting l as published on 2 February 2016 and does nol include a casli flow statement on the grounds that it is applying FRS 102 Section l A. 'rhe financial statements are prepared on a going concern basis under the historical cost convention, Inodified to include certain items at fair value. The financial statements are presented in sterling which is the functional currency of the charily and rounded io the nearest The significant accounting policies applied in the preparation of tliese financial stslements arc set out below. These policies Iiave been consistently applied to all years presented unless othenvise stated. (b) Incoming resources Income is recognised in the period in which Ihe charity is enliiled to receipl and the amount can be measured with reasonable ccrtainty. (c) Debtors Debtors are recognised at their scttlem¢nt amount due. Prepaymcnts are valued at the amount prepaid net of any trade discounts. (d) Cash at bank and in hand Cash ai bai)k and cash in hand includes cash and short tenn highly liquid investments with a short maturity of ihree months or less from the date of acquisition or opening of the deposit or similar account.
HIMALAYAN LITERACY AND EDUCATION SUPPORT FUND NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 December 2024 ACCOUNTING POLICIES (Continued) (e) Grants receivable (i) Revenue ¥ranls are credited to the income and expenditure account on a receipts basis unless they are in respect of a specifjc expense, when Ihey are credited in the peTiod in whiLh the expLnditure is incurred. (li} Capital grants are matched with the relevant expenditure as and when incurred. Until the expenditure is incurred, the grants are carried forward. (D Investment properties Investment properties are measured at fair value at each reporting date with changcs in fair value recognised in 'net gains / (losses) on inve%tments' in the SOFA. (g) Creditor Creditors and provisions are recognised where Ihe charity has a present obligation from a past event ihat will probably result in the transfer of filnds to a third party and the amounl due lo settle the obligation can be measured or estimated reliably. Creditors and provision are nornially recognised al tbeir settlement amount after allowing for any trade discounts due. (h} Operating leases Renlals paid under operating leases are charged to the profit aiid loss account as incued. (i) Fund accounting Funds held by the charilable company are either- Unresli ¢vled genei al fiiiids these are the funds which can be used in accordance witli ilie cliaritable objects at the discretion of tlje trustees. DesignaledfyKds- these are funds set aside by the Irustees out of unrcstricted general nds for specific tre pUoseS or projects. Resti"icled funds these are fLmds that can only be used for particular restricted purposcs within the objects of the charitablc company. Restrictions arise when specified by the donor or wkAen -]dS are raised for particular restricted purposes. (i) Re&ources expellded Costs are apportioned to activities as considered appropriate, and the mcthod of apportionment IS btatcd in note 4. (k) Fixed Assets and Depreciation Depreciation is cal-L'lad so as lo write of the cost of an asset, less its estin]ated residual value, over the useful life of that asset as follow: Office Equipment - 250/0 Straight line basis Fixed Assets ¢osling more Ihan £300 have be¢n ¢apitaEised at Cost. NET OUTGOING RESOURCES FOR THE YEAR This is stated after chaTgingl(crediling): 2024 2023 Independent Examiners fee 576 570
HIMALAYAN LITERACY AND EDUCATION SUPPORT FUND NOTES TO I-HE FINANCIAL STATEMENTS for the year ended 31 Deeember 2024 IIYVESTMENT INCOME 2024 2023 Bank interest Rental incorne 124 17,351 24,336 17,475 24,342 TOTAL RESOURCES EXPE.NDED Basis of Provision of GovernAnce .4llocation Education Services 2024 2023 Costs D':"ectly allocated to charitable activities Translation and editing Bank charges Office expenses Confcrencw Costs Depreciatioii Independpr.t Ex<iniiii¢rs fpe Direct Direct Direct Direct Direct Direct 5,782 5,782 12,668 41 1,431 4,684 362 570 1,498 12 612 1,498 12 612 576 576 7,904 576 8,480 19,756 WAGES AfiD SALARIES No Trustc:. received any remuneration or reimbursemcnl of expenses during the year ending 31 December 024 (2023: also £Nil} TAXATION The charit-i is exempt from COTporation tax on its charitable activities. 10
HIMALAYAN LITERACY AIYD EDUCATION SUPPORT FUND IYOTES TO THE FINANCIAL STATEMENTS for the year ended 31 December 2024 COMPARATIVE STATEMENT OF FINANCIAL ACTIVITY FIGURES 2023 Total 2022 Total INCOME Donations and legacies Investment income 11,199 24,342 9,077 24,219 TOTAL INCOME 35,541 33,296 EXPENDITURE Raising funds Charitable activities 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 Balances brought forward at l January 2023 185,004 167,088 Balances c&i'ry led forward at 31 December 2023 193,645 185,OQ4 INVESTIIqENT PROPERTY Investment Property Total COST Brought fonvard at l January 2024 Additions 126,004 59,089 126,004 59,089 Carried fonvard al 31 Deccmber 2024 185,093 185,093 IYET BOOK VALUE At 31 December 2024 185,093 185,093 At 31 December 2023 126,004 126,004 Investment properties The investment properties were not subject to valuation at 31 DecembcT 2024. The Trustees consider Ihai ihere is sufficient, independent industry data and commercial advice which is, specific to Swindon, to enable then to accurately account for Ihe change in value of the property on an annual basis. As such, the Trustees have reviewed Éhc value of the properties ai 31 Decembcr 2024 and have agreed there has been no significant change in the market value of this propcrty at this time. This will be reviewed again on 31 December 2025.
HIMALAYAN LITERACY AND EDUCATION SUPPORT FUND NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 December 2024 FIXED ASSETS Office Equipment Total COST Brought Forward at l January 2024 1,449 1,449 Additions 1,004 1,004 Carried Fonvard at 31 Deceniber 2024 2,453 2,453 DEPRECIATION Brought fonvard atl January 2024 723 723 Charge for thc year 612 612 CaLTied Fonvard at 31 December 2024 1,335 1,335 NET BOOK VALUE At 31 December 2024 1,118 1,118 Al 31 December 2023 726 726 10. DEBTORS 2024 2023 Other debtors Prq)ayments 4,262 26 3,525 397 4,288 3,922 All debtors are due within one year. 11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Accruals 3,646 2,370 3,646 2,370 12
IIII¥IALAYAN LITERACY AND EDUCATION SUPPORT FUND NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 December 2024 12. MOVEMENT IN FUNDS AtlJan 2024 Income Expenditure Transfers Inl(out) At 31 Dec 2024 Unrestricted funds Designated funds 190,252 3,393 29,230 (21,251) 3,393 (3,393) 201,624 193,645 29,230 (21,251) 201,624 Prior year comparative AtlJan 2023 Income Expenditure Transfers Inl(out) At31 Dec 2023 Unrestricted funds Designated funds 181,611 3,393 35,541 (26,900) 190,252 3,393 185,004 35,541 6,900) 193,645 13. ANALYSJS ofi fiET ASSETS BETWEEN FUNDS At 31 December 2024 'ixed Assets Net Current Assets Total Unrestricted funds 186,211 15,413 201,624 186,211 15,413 201,624 At 31 December 2023 Fixed Assets Net Current Assets Total Unrestricted funds 126,730 66,915 193,645 126,730 66,915 193,645 14. RELATED PARTY TRANSACTIONS Income generated from the chaim]an's voluntary rental management activities (less the cost of repairs) totalled £4,956 (2023: £17,198). 15. SHARL CAPI'I"AL The charitable company does not have a share capital, being limited by guarantee. 13