| Trustees' annual report |
|
|---|---|
| Independent examiner's |
report |
| Statement offinancial at1rnties | |
| Balance sheet | |
| Cash flaw | |
| Notes tothe financial statements |
| Charily registration | Charily registration | Charily registration | number | 1079844 | ||
|---|---|---|---|---|---|---|
| Governing | document | Trust Deed snd Supplemental | Trust Deed | |||
| Principal | address | Peace House | ||||
| and reghrtsred | office | Parkside Way | ||||
| North Harrow | ||||||
| Middlesex | ||||||
| HA2 SBX | ||||||
| Lelung Tuiku | ||||||
| Tease Heron | ||||||
| Constance Dusek | ||||||
| Maureen Pugsley |
||||||
| Honorary | Advisors | Angels Lewis | ||||
| Maureen Elliotl |
||||||
| Independent | Examiner | Trsvor James FCA DChA FCIE | ||||
| Dormer Cottage | ||||||
| West Broyle | ||||||
| Chlch ester | ||||||
| West Sussex | ||||||
| PO193PR | ||||||
| Bankers | NatWest Bank | |||||
| 118Field End Road | ||||||
| Eastcote | ||||||
| Pinner | ||||||
| Middlesex | ||||||
| HA5 1RP | ||||||
| HSBC Bank | ||||||
| 177Field End Road | ||||||
| Esstcote | ||||||
| Middlesex | ||||||
| HA5 1QS | ||||||
| Bardays Bank | ||||||
| Leicester | ||||||
| Ldcestershire | ||||||
| LE872BB | ||||||
| Email address | lelungdt@gmail. | corn | ||||
| Webslts | www. lelung. org |
| Unrestricted | Rsstncted | Total Funds | Total Funds | |||
|---|---|---|---|---|---|---|
| funds | funds | 2922 | 2021 | |||
| Note | ||||||
| Income and endowments | from | |||||
| Donations end grants |
4 | 74,393 | 4,254 | 78,647 | 198,640 | |
| Trading tivities |
5 | 49,320 | 0 | 49,320 | 37,459 | |
| Other income —bank interest | IB | 160 | 0 | 160 | 40 | |
| Tohsl inccsne | 123,S73 | 4,254 | 128,127 | 238,139 | ||
| Expenditure Raising funds |
7 | 1,027 | 0 | 1,027 | 1,217 | |
| Expenditure on charitable |
activities | 8 | S0,385 | 73,266 | 153,632 | 260,615 |
| Total expenditure | 81,393 | 73,266 | 154,659 | 281,832 | ||
| Nst Incomef(expenditure) | 42,480 | (69,012) | (26.832) | (25,693) | ||
| Transfem between fllnde |
1,596,037 | (1,596,037) | 0 | 0 | ||
| Nst movement in funds |
1,638,517 | (1„665,049) | (26,632) | (25,693) | ||
| Reconcttlaaon offunds | ||||||
| Total hnds brought forward | 106,770 | 1,888,851 | t,?95,6V | 1,821,314 | ||
| Total funds carrhul forward | 1,745,28'7 | 23,802 | 1,769,089 | 1,?95,621 |
| 2622 | 2021 | |||
|---|---|---|---|---|
| Fixed assets | ||||
| Tangible assets | 13 | 1,551,995 | t,588,181 | |
| Current assets | ||||
| Stoct3 | 14 | 3,494 | 2,984 | |
| Qebtois | 16 | 4.741 | 0 | |
| Cash a!bank snd in | hand | 211,959 | 295,966 | |
| 220,194 | 228,940 | |||
| Ctsdttomr amounts |
falling due within one year | 18 | 3t00 | 21,500 |
| Net current assets | 217,094 | 207,440 | ||
| 1,769,669 | 1,795,621 | |||
| Creditors: amrnmts | fsQing due after mors than one year | |||
| }tetassets | 1,795821 | |||
| ftestrtcted funds U~ funds |
23,602 | 1,688.851 | ||
| Qesignsted property Operating fund |
runs | 1,551,995 198,292 |
0 106,770 |
|
| Total charity funds | 17 | 1,769,089 | 1.795,621 |
| 2822 | 2021 | ||||||
|---|---|---|---|---|---|---|---|
| 8 | |||||||
| Cash flows from | operating | scevNes | |||||
| Net cash provided | by operagng ctivlbes |
19 | 17,870 | 10,695 | |||
| Cash tfows from | investing | asttvittes | |||||
| Dividends, interest snd rents from investments |
160 | 40 | |||||
| Purchase offared | assets | (32,027) | (379,531) | ||||
| hist cash provided | byi(used | in) invesbng | scilviges | (31,887) | (379,491) | ||
| Change in cash and cash equivalents |
in the | year | (13,997) | (368,796) | |||
| Cash and cash equivalents | atthe beginning | ofthe year | 225,956 | 594,752 | |||
| Cash snd cash equivalents | «tthe end | ofthe | year | 211,959 | 225,956 |
| 4, | Donations | and grants | |||||
|---|---|---|---|---|---|---|---|
| Unrestrictsd | Restricted | Total Funda | Total Funds | ||||
| Funds | Funds | 2022 | 2021 | ||||
| 6 | K | F. | |||||
| Donations | and grants | ||||||
| Donations snd gift aid receivable | 74,393 | 4,254 | 78,647 | 141,429 | |||
| Legacy LBH grants |
(Covfd lockdown) | 0 0 |
0 0 |
0 0 |
39,925 17,286 |
||
| 74,393 | 78647 | 198,640 | |||||
| Year ended | 31 December 2021 | 134,081 | 64,559 | ||||
| L | Trading actlvldes | ||||||
| Unrestricted | Restricted | Total Funds | Total Funds | ||||
| Funds | Funds | 2022 | 2021 | ||||
| r | 2 | 6 | |||||
| Shop sales | 49,320 | 0 | 49,320 | 3'7,459 | |||
| Year ended 31 December 2021 | 37,459 | ||||||
| 6. | Ottter income | ||||||
| Unrestricted | Restricted | Total Funds | Tolsl Funds | ||||
| Funds | Funds | 2022 | 2021 | ||||
| 8 | 6 | 6 | |||||
| Bank interest | 160 | 160 | 40 | ||||
| 160 | 160 | 40 | |||||
| Year ended 31December 2021 | 40 | ||||||
| 7. | Costs of | raising funds | Unrestricted | Restricted | Total Funds | Total Funds | |
| Funds | Funds | 2022 | 2021 | ||||
| 6 | K | 6 | |||||
| 1,027 | 0 | 1,027 | 1,217 | ||||
| 1,027 | 0 | 1,027 | 1,217 | ||||
| Year ended 31 December 2021 | 1,217 | 0 |
| 8. Expenditure |
on charitable | activi | ties by |
ac | tivity type | |||
|---|---|---|---|---|---|---|---|---|
| Trust | Support | Total Funds | Total Funds | |||||
| Activities | Costs | 2022 | 2021 | |||||
| F | E | |||||||
| Living expenses | 14,400 | 0 | 14,400 | 14,400 | ||||
| Donations | 4,783 | 0 | 4,783 | 1,227 | ||||
| Tsering Passang | 8,500 | 0 | 8,500 | 9,520 | ||||
| Donation on behalf |
ofthe Tibet Foundation | 104 | 0 | 104 | 2,800 | |||
| GBPR sponsorship | 4,004 | 0 | 4,004 | 4,002 | ||||
| Lelung monk's sponsorship | 2,004 | 0 | 2,004 | 2,400 | ||||
| Education and other sponsorship |
23,020 | 0 | 23,020 | 17,139 | ||||
| Covid sponsorship | 5,496 | 0 | 5,496 | 98,373 | ||||
| Transport ofgoods |
to India | 2,291 | 0 | 2,291 | 2,073 | |||
| Tibetan cultural event and Loser singer | 0 | 0 | 0 | 560 | ||||
| Peace House | 0 | 378 | 378 | 5,768 | ||||
| Subscriptions | 0 | 492 | 492 | 492 | ||||
| Electricity | 0 | 2,635 | 2,635 | 2,834 | ||||
| Rent and rates | 0 | 934 | 934 | 13,436 | ||||
| Repairs and renewals | 0 | 4,053 | 4,053 | 1,742 | ||||
| Telephone | 0 | 533 | 533 | 1,097 | ||||
| Travel | 0 | 3,218 | 3,218 | 6,332 | ||||
| Mini bus | 0 | 231 | 231 | 1,707 | ||||
| Miscellaneous | 0 | 6,743 | 6,743 | 6,428 | ||||
| Independent examination |
0 | 1,600 | 1,600 | 1,530 | ||||
| Depreciation | 47,635 | 20,578 | 68,213 | 66,755 | ||||
| 112„237 | 41,395 | 153,632 | 260,615 | |||||
| Year ended | 31 December | 2021 | 150,421 | 110,194 | ||||
| 9. Net income |
||||||||
| Net income is stated after | charging: | |||||||
| 2022 | 2021 | |||||||
| E | E | |||||||
| Depreciation | oftangible fixed assets | 68,213 | 66,755 | |||||
| Professional | fees —Independent | examiner's | remuneration | 1,600 | 1,530 | |||
| 10. Independent | examiner's | remuneration | ||||||
| 2022 | 2021 | |||||||
| E | E | |||||||
| Fees payable for the examination | ofthe | financial statements |
1,600 | 1,530 |
| Tangible fixed assets | |||
|---|---|---|---|
| Freehold | Total | ||
| propsrgea | |||
| Cost | |||
| At 1 January 2022 | 1,723,362 | 3,800 | 1,728,962 |
| Additions | 32,027 | 0 | 32,027 |
| At 31Deoember 2822 | 1,7M,3SS | 3,800 | 1,758,989 |
| Depreols8on | |||
| At 1 January 2022 | 136,962 | 1,829 | 138,781 |
| Charge for the year | 67,770 | 88,213 | |
| At31December 2022 | 204,722 | 288,994 | |
| Carrying amount |
|||
| At 31December 2622 | 1,550,867 | 1,328 | 1,651,996 |
| At 31December 2021 | 1,586,410 | 1,7'f1 | 1,588,181 |
| 2022 | ||||||
|---|---|---|---|---|---|---|
| Stockofgoods | forresale | 3,494 | ||||
| Stocks ofstsgonsry | andi packaging | inatsrlats | are not valued, | |||
| 16. Debtors | ||||||
| 2822 | 2021 | |||||
| 8 | 2 | |||||
| Qft Akl tax refundable Other debtors |
4,741 0 |
0 0 |
||||
| 4,741 | 0 | |||||
| 18. Creditors: amounts | fanlng | due within | one year | |||
| 2021 | ||||||
| Accruais | 1,500 | |||||
| Loan | 20,000 | |||||
| 3,100 | 21,500 |
| 17. Analysis ofn | et | assets | bebesen funds | ||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted Total Funds |
||||||
| Funds | Funda | ISO2 | |||||
| 5 | 5 | 8 | |||||
| Tangible Sxed aaaeia | 1,551,995 | 0 | 1,551,995 | ||||
| Current aaasia | 196,292 | 23,802 | 220,194 | ||||
| Creditors less than | 1 | year | (3„100) | (0) | (3,100) | ||
| hist assets | 1,745,287 | 26,802 | 1,769,089 | ||||
| Prior Yrurr | Unreatdcted | R(unnoted Total Funds |
|||||
| Funds | Funda | 2021 | |||||
| 5 | 5 | ||||||
| Tangible Bxed aaaeia | 1,771 | 1,5f6,410 | 1,5S8,161 | ||||
| Current assets | 126,499 | 102,441 | 228,940 | ||||
| Cred5ora lsaa than | 1 | year | (21.500) | (0) | (2'I,500) | ||
| Net assets | 106,770 | 1,688,851 | 1,795,821 | ||||
| 'l8. INovsment In funds |
|||||||
| At | incoming | Outgoing | At | ||||
| 1 January | resources 8 | resources & | 31December | ||||
| 2022 E |
gains | loaaea 8 |
Tranafe(a | 2022 8 |
|||
| Restricted funds | |||||||
| Peace House, | Dharma | ||||||
| Centra fund | 1,225,851 | 0 | (47,192) | (1,178,669) | 0 | ||
| Shop premises | fund | 463,000 | 0 | (20,578) | (442,422) | 0 | |
| Covid sponsorship | 0 | 4,254 | (5,498) | 25,044 | 23,802 | ||
| 1,S88851 | 4264 | (732M) | (1,6MS37) | QSSN | |||
| Unrestricted | funds | 106,770 | 123,873 | (81,393) | 1,596„037 1,745;JSS | ||
| 1,785,821 | 128,'(27 | (154,86Q) | 9 | 1,7SQ,QM | |||
| prior year | At 1 January 2021 |
Incoming resources 8 gains |
Outgoing resources 8 Ioasea 5 |
T~ | At 31December 2021 5 |
||
| Restricted funds | |||||||
| Peace House, | Dharma | ||||||
| Centra fund | 1,273,043 | (47,192) | 0 | 1,225,851 | |||
| Shop premises | fund | 481,972 | 0 | (18,972) | 6 | 483,000 | |
| Covid sponsorship | 0 | 64,559 | (98,373) | 33,814 | 0 | ||
| 1,755,015 | 64,559 | (184,537) | 1,888,851 | ||||
| Unresbfcted | funds | 171,586 | (S7,295) | (33,S14) | 106,770 | ||
| 1.821,314 | 23S,139 | (261,832) | 0 | 1,795821 |
| 19. | Reconciliation ofne |
t i | ncome/(expenditure) | to net cas | h flow from op | erating activi |
ties | ||
|---|---|---|---|---|---|---|---|---|---|
| 2022 | 2021 | ||||||||
| Net income/(expenditure) | as per Statement | of Financial | Activities | (26,532) | (25,693) | ||||
| Depreciation charges |
68,213 | 66,755 | |||||||
| Dividends, interest and |
rent from investments | (160) | (40) | ||||||
| (increase)/decrease | in | stocks | (510) | (447) | |||||
| (increase)/decrease | in | debtors | (4,741) | 0 | |||||
| increase/(decrease) | in | creditors | (18,400) | (29,880) | |||||
| 17,870 | 10,695 | ||||||||
| 20. | Analysis ofcash and | cash equivalents | |||||||
| At 31 | |||||||||
| At 1 | January | Other | December | ||||||
| 2022 f |
Cash flows 6 |
Changes E |
2022 F |
||||||
| Cash in hand | 225,956 | (13,997) | 0 | 211,959 | |||||
| Total cash and cash | equivalents | 225,956 | (13,997) | 0 | 211,959 | ||||
| Prior year | At | 1 | January | Other | At 31 December |
||||
| 2021 f |
Cash flows | Changes | 2021 | ||||||
| Cash in hand |
594,752 | (368,796) | 0 | 225,956 | |||||
| Total cash and cash | equivalents | 594,752 | (368,796) | 0 | 225,956 |