CHARITY REGISTRATION NUMBER: 1079844
Lelung Dharma Trust
Trustees Report
and
ljnaudited Financial Statements
31 December 2024

Lelung Dharma Trust
Trustees Report and Unaudited Financial Statsments
Year Ended 31 December 2024
Pages
Trustees, annual report
1to7
Independent examiner's report
Statement of financial activities
Balance sheet
10
Cash flow
11
Notes to the financial statements
12to19

Lelung Dharma Trust
Trustees, Annual Report
Year Endod 31 December 2024
The Trustees have pleasure in presenting their Annual Report and Unaudited Financial Slatements for the
year ended 31 December 2024. The financial statements have been prepared in accordance with the
accounting policies set out in note 1 of the accounts. They comply with the Trust's governing document, the
Charities Act 2011, and the Accounting and Reporting by Charities.. Statèment of Recommended ('SORP'),
applicable to charities preparing their accounts in accordance with the Financial Reporting Standard
applicable in the UK and Republic of Ireland.
Raf•r•nc• and admln18tratlve detalls
Charlty reglstratlon numbor
1079844
Governlng document
Trust Deed and Supplementsl Trust Dee
Prlnclpal addr088
and reglstsred offlce
Peace House
Parkside Way
North Harrow
Middlesex
HA2 68X
Tru8tee8
Lelung Tulku
Tessa Heron
Constance Ousek
Maureen Pugsley
Honorary Advl80rn
Angela Lewis
Maureen Elliott
Ind•pendont Examlner
Trevor James FCA DChA FCIE
Donner Cottage
West Broyle
Chichester
West Sussex
P019 3PR
Bankern
Natwest Bank
118 Field End Road
East¢ote
Pinner
Middlesex
HA5 1RP
HSBC Bank
177 Field End Road
Eastcote
Middlesex
HA5 1QS
Barclays Bank
Leicester
LeI￿Ste￿hlre
LE87 2BB
Emall address
lelungdt@gmail.com
Webslte
vw.lelung.org

Lelung Dhanna Trust
Trustees, Annual Report
Year Ended 31 December 2024
Structure, Governance and Management
Charity Status
Lelung Dharma Trust ("The Trusf) is governed by a Trust Deed sealed on 6th January 2000 and a
Supplemental Trust Deed dated 24th February 2000 and 30th July 2002. The Trust was registered with the
Charity Commission for England and Wales on 15th March 2000. The Trustees conf rm that the Financial
Statements comply with current statutory requirements and the Trust's goveming document.
Recruitment, Appointment 8nd Trnining of Trustees
Trustees are recruited in accordance with the Trust Deed from known supporters of the Trust who share its
aims and aspirations and who are believed to be able to bring a breadth and depth of experienc￿ and skills
to the trustee body. On appointment Trustees are provided with full information concerning the Trust and are
directed to appropriate Charity Commission publications and to the Charity Governance Code. All Trustees
take seriously their obligations to maintain their knowledge. The rotation ol trustees and, if necessary,
disqualification are carried out in accordance with the Trust Deed.
M8n8gement
As a small charity the Trustees of The Lelung Dhamia Trust are directly involved with its day to day
management and activities. Lelung Tulku, a Trustee, is the Spiritual Director and founder of the Charity.
The Trustees hold regular meetings, most of which are online, and decisions regarding the running of the
Trust are discussed 8nd agreed at these meetings. These discussions include Lelung Rinpcohe's travels
while searching for ancient texts and his plans for future research and the organisation of teachings in order
to preserve them for posterity.
Future plans and projects are discussed, as well as the runnlng of the Twst's shop and Centres.
The administration and bookkeeping ar8 done on a voluntary basis.
Lelung Tulku received £23,400 (2023 £14,400) from the Trust during the year towards hls Ilvlng expen8es.
Apart from this no Trustee received any payments or benefits for their work for the Trust.
Risk Management
The Trustees have identified the major risks to which they believe the Trust Is exposed. INhere appropriate,
systems have been established to minimise those risks. Procedures are in place to ensure compliance with
health and safety requlrements.
Govemance
In line with the teachings of Tibetan Buddhism the Trustees believe that corruption, bribery and unfair
actions hamper development and impede progress and insist on integrity in all aspects of the Trust's
activities and they endeavour at all times to apply the Charity Governance Code and the Nolan principles
(selflessness, integrity, objectivity, accountability, openness, honesty and leadership).
Objectlves and a¢tlvltle8
The Trustees shall hold the Trust Fund and its income upon trust to apply them for the following objects:
The advancement of public education in the cul￿re and way of life of Tibetan
people and the subj'ect of Tibetan Buddhism.

Lelung Dharma Trust
Trustees, Annual Report
Year Ended 31 Decèmber 2024
The advancement of the Buddhist faith through meditstion and religious
obsetvance and through provision of financial support to Buddhist monks, nuns
and other members, in particular, but not exclusively of the Drepung Monastery
in Southem India.
The relief of povety, sickness, and distress and the advancement of education
of people in Tibet and elsewhere.
Area of benefft: Tibet and elsewhere.
Area of Operatlon: Charity operates inside England, Wales and Worldwide.
Cla6slllcatlon:
What: EducatiOn￿rainIng, MedicaVHealthlSickness, Relief of Povety, Overseas AidlFamine Relief,
Religious Activities.
Who: Childrentyoung People, Elderly, People of a Particular Ethnic or racial origin, General Publiclmankind.
How: Makes grants to indlviduals (including loans). Makes grants to organisations (including schools,
charities etc). Provides advocacyladvicelinformation,
Publlc bonoflt
In shaping the Trust's objectives and planning its 8Ctivities the Trustees have paid due regard to the Charity
Commission's guidance on public benefit and have complied with section 4 of the Charities Act 2011.
Actlvltles ol tho Trust durlng 2024
L•lung Dharnia Centr• and Charlty Shop In Plnner
The Lelung Dharma Centre is now in its fifteenth year of existence in Eastcote and the Charity shop
continues to be well supported and busy with a reliable staff of volunteers and the local community continue
to donate clothes, bric-a-brac etc regulady. In addition, the shop sells a small amount of new goods. The
profits from the sale of the donated items, donations and direct debits from students continues to increase
steadily,
The surplus profit from the Charity Shop is allocated to a number of projects under the care of the Lelung
Dharma TNst and these projects are primarily designed to assist disadvantaged Tibetans living in exile or
within Tibet and the preservation of the Tibetan culture.
The Trust has continued to collect and send good clothing from the charity shop to India for needy people
and this is clearly very useful and well received. The Trust often ￿CeiVeS video footage of the clothes and
shoes being distributed to those in need, often in rural villages. Throughout the year clothes have been sent
across India regularly and, judging by the videos, there is a great deal of excitement when they are received.
H.E. L•lung Rlnpoche
Many people continue to request a one to one audience with Lelung Tulku, the Spiritual Director of the Trust,
to discuss problems and ask for advice or prayers, sometimes for themselves and sometimes for loved ones
who are sick or who have passed away.
The beginning of 2024 found Lelung Rinpoche in Bodhgaya where he had been attending the teachings of
His Holiness the Dalai Lama and, while he was there, he was able to visit each class in a school of 720
students, He shared positive ideas about world peace with them and distributed small gifts.

Lelung Dhanna Trust
Trustees, Annual Report
Year Ended 31 December 2024
Lelung Rinpoctte also had the opportunity to meet and talk with Venerable Samdhong Rinpoche, the ex-
Prime Minister of the Tibetan Government in Exile who is a great supporter of the work of the Lelung
Dharma Trust.
Lelung Rinpoche then spent tsvo and a half days in Kathmandu visiting some holy sites and offering prayers
for the happiness of sentient beings.
He returned to London on 25° January.
In March, Lelung Rinpoche took part in a discussion which was called Bridging Science, Philosophy and
Religion with Professor Bernard Carr and Dr Bernardo Kastrup, covering Cosmology and Consciousness
and much more, offering his insights from a Buddhist viewpoint. The whole discussion was posted on
YouTube under the heading 'What 15 Inner ScienGe?' and was very interesting.
On the 4" April, Lelung Rinpoche arrived in Mongolia to participate in the oral transmission of the Kangyur,
the sacred teachings of the Buddha, conducted by His Eminence Kyabje Togden Rinpoche. The teachings
take place in the Gandantegchinlen Monastery of Mongolia. This marks the third year of the transmission,
process which will span four years with sessions lasting about two months each year. This is also an
opportunity to do research and discover rare texts.
Lelung Rinpoche arrived back in London on 23° June.
In October, Lelung Rinpoche was interviewed by Pearl Lam who is a leading authority on Asian
contemporary art and design. He spoke about his life and his work and his plans for the future.
Peace House
The Centre in Harrow, Peace House, continues to be an asset to the community in t8cilitating those who are
interested in learning more about Buddhist philosophy or simply finding strategies to deal with increasingly
stressful lives.
Through interfaith dialogue, contemplative practices and community projects, the Trust hopes that this first
Shide Peace Centre, called Peace House, will be a beacon of pea￿ for London and elsewhere.
The intention is to host interfaith events once a month and to invite leaders from all religions and faith group5
to take part, in order to make peace a more attainable reality.
Peace House conts'nues to be open for Monday evening talks and meditstion.
On the 10° February, the Tibetan New Year, the year of the Wood Dragon was celebrated at Peace House.
There were prayers and Torma offerings to Palden Lhamo as usual with a traditional Losar breakfast. This
event was open to all.
In July there was a celebration at Peace House to celebrate the occasion of His Holiness the Dalai Lama's
89° birthday where prayers were offered for His lor)g life.
School visits to Peace House have continued throughout 2024. At these visits Lelung Rinpoche talks to the
children about Buddhism, ethics, how to lead a happy life and then leads a short meditation. The children are
able to see the artefacts which are on display at Peace House.
The plans for the extension of Peace House have been approved and building will commence in 2025.
Tlbetan Peace Gard8n
On 10° ￿e￿rnber, the Lelung Dharma Trust organised a special celebration marking the 25 anniversary of
the Tibetan Peace Garden which coincided with Human Rights day. This event was open to all and took
place in the heart of the garden with the intention of reflecting on the enduring values of peace, compassion
and non-violence.

Lelung Dharma Trust
Trustees. Annual Report
Year Ended 31 December 2024
Many faith leaders attended the event, offering prayers and words of inspiration. The Mayor of Southwark
was also present and delivered a wonderful speech.
At the invitation of the Lelung Dharma Trust, Geshe Llundhup and Geshe Thubten joined us from India.
During their stay in the UK, both Geshelas will be supporting H.E. Lelung Rinpoche in his various projects.
SHIDE
Lelung Rinpoche has continued to gamer support for his Shide project. The plan is to build a Worfd Peace
Centre which would incorporate a Buddhist S￿dY centre, monastery, domitories for retreats etc. and also
Stupa. This space will be available for all faiths and denominations to use for meetings, prayer, conferences
and functions and also, for discussions on global peace. It will be an interfaith space which is available to
everyone where there can be interfaith conferences on how to achieve world peace and also peace in our
communities. This project has the approval of His Holiness the Dalai Lama.
Tho Lelung Literature Preservatlon Centre. Dharam8hala, Indla
This work of the Lelung Literature Preservation Centre Conlinues to be supported by the Lelung Dharma
Trust and has become recognised as an important centre for the preservation of historical works, including
some of the eadiest of Buddha's teachings carved onto wooden blocks, which would otherwise become lost
forever.
Joanna Lumley is Patron to the Trust, specifically for the translation of the 5th Lelung volumes which are
currently being printed in Tibetan.
Support of Tlbotsn Monks at Drepung Monastery, Indla
The sponsorship programme for the Lelung monks based in Drepung monastery, South India continues to
be well supported.
The house at the monastery in Drepung, which was given to Lelung Rinpoche as a young monk by His
Holiness the Dalai Lama, is now occupied by Lelung monks. The house was in severe need of renovation
as it was stsrting to collapse and had become dangerous. The Trustees agreed to send £20,000 to India to
help rebuild these monk quarters so that the monks can conts'nue to use them and this work has now been
completed.
The Lelung monks can now cnntinue their work and studies in more secure surroundings.
The Lelung monks receive £1,200 annual sponsorship and the seven monks who were attending the HHDL
teachings in Bodhgaya were given an extra £800 to help with their accommodab'on there.
The G. P. B. Preservatlon Centre, based In Dharnmsala, Indla
The Geden Phacho Bhucho PreseNation Centre is also supported by the Lelung Dharma Trust and has
become well known as an important source of information for Buddhist teachers {Lamas) and practitioners.
The G.P.B. Preservation Centre arranges a number of important oral teachings which take place in a
number of major monasteries in India. An integral part of the Buddhist tradition is to pass teachings orally to
the monastic community. It is esséntial for the preservation of Tibetsn texts and their essence for these
teachings to be passed on orally and will therefore safeguard the ancient Tibetan Cultu￿ for future
generations. This tradition of passing teachings down orally is a protective seal, preserving the teachings in
their original form in an unbroken lineage stretching back more than a thousand years. His Holiness the
Dalai Lama has endorsed the preser4ation work being undertaken by H E Lelung Tulku.
Currently, the office in Dharamsala employs two Tibetan scholars who once worked for The Library of
Tibetan Works and Archives in Dharamsala, an invaluable resouro founded by the Dalai Lama in 1971.

Lelung Dharma Trust
Trustees, Annual Report
Year Ended 31 December 2024
H. E. Lelung Rinpoche and the Geshes are undertaking an eXt￿melY important task under GPBPC. They
are researching the Senyigs (List of Hearing Texts) by different masters in order to find existing ra
empowerments, or81 transmissions, personal instructions and then to find the Ilving masters who hold these
lineages,
They will also search for the texts if they are not commonly available. If the texts are not in common font
(Ume), then they will transcribe the texts into the common font {Uchan). Once all this has bean completed
then the GPBPC office will organise teachings in order to pass on the lineages to the younger generation.
Also, if there are very rare texts, they will organise the publishing of those in order to make them more widely
available.
In addition, the Geshes will add more information to the current index {cre8ted by GPBPC) which holds
infonnation on the texts, authors, oral transmissions, personal instructs"ons, who possesses the
empowennents, whether those teachings lineages are still alive or extinct and al80 a list of the names in the
teaching lineage.
Fundra181nglProJact8
In November, the Trust sponsored some exercise equlpment for an outside gym for the teachers and
students of the Ogyen Mindrolling Monastery in India, one of the main br8nches of the Nyingma school. This
will help to maintain their health and mobility as they often spend long hours sitting in prayer and meditation.
The Lelung Dharma Trust receives unrestricted, designated and restricted gifts and donations from
supporters. It does not use fundraisers.
Flnanclal RovI•w
During the year the Trust received income totalling £102,379 (2023'.£178,943> of which £8,465 12023..
£66,994) was restricted. Expenditure totalled £215,344 (2023.'£180,957). The net income deficit for the year
was £112,965 (2023'.£2,014). Total funds at the year end were £1,654,110 (2023.'£1,767,075) of which
unrestricted funds were £1,588,649 {2023.'£1,678,523> and rastricted funds were £85,461 (2023:£88,552).
The Lelung Dhamia Trust's activities are funded mainly by unrestricted donations from individuals.
Investment pollcy
Funds not required for current needs may be invested in investments of any kind at the absolute discretion of
the Trustees.
Volunteern
The Trust benefits greatly from the work of more than 30 volunteers. The Trustees are truly grateful for all
they do.
Reportlng 8erlous Incldent8
In line with the Charity Commission's guidance on reporting serious incidents, the Trustees decla￿ that
during the year there were no serious incidents that they have failed to bring to the Commission's attention.
Safeguardlng
The Trust realising the importance of safeguarding will be developing its safeguarding policy.
Reserves Pollcy
The Trustees, reserves policy is to ensure they hold sufficient free reserves to meet the Trust's day to day
running costs for the following 12 months, which are estimated to be £100,000 (2023'.£80,00). At 31
December 2024 free reserves stood at £147,397 (2023.. £194,020).

Lelung Dharma Trust
Trustees, Aiinual Roport
Year Ended 31 December 2024
Plans for future periods
The Trust intends to Continue its lull a¢tivilies withoiit change and to en17anrR these by extending Peace
House.
Statement ol Trustees. Respon8lbllltles
The Trustees are responsible for preparing the Trugiees. Annual Report and the Financial Slaieinents In
cordance wiin applicable Law 8ncl Unrted Kingdom Accounting bian¢ards Iuniiea i(Ingaom tsenerally
Accopted Accounting Practice).
The law applicable lo tharilies In England and Wales requir@s the Truslees lo prepare financial sialemenls
for each financial year which gN8 a true and lair view of the state ol affairs ol the Trust and of th8 incoming
resoU￿e5 and application of fe50urces ol the Tfusl lor that period.
In preparing these finanaal stalements, Ihe Tnjslees are required lo.
select suitable accounling policies and then apply them Mnsistenlly.,
obgèrve the melhods and Pfinciplas In the applicable Charilies SOPR.,
rnake iudgernonts and accounting estimoic4 .
state whether app15eable UK Accounung Standar(Js have been lollowed, subject lo any material
departufes disdosed and explalned ID the lin¢incial stalemeftis,
prepare the finanrjal statement8 on Ihe goin9 Concern basis unless It 1$ 11)apprgpriale to Pfesume
thal thè TIu51 will cofttinue In Operation
hal a.. e rr$3sonsble ap.o prudent,
The Twslees are retsponsible for keeplng proppr 8ccounling records Ihai are sufficieni lo 8how and axplain
the frusl's Iraniiaclions and disclose with reasoiiable accuracy at aiiy lime Ilia Iinancial position of the Trusi
and enable them to ensure that the Financial Statements comply with Ilie Charities Act 2011, the Chanty
IAttount8 and Reports) Regulatlons 2008 and th& provisions ol the Trust Deed They are Hlso responsible
for safeguarding the assets of the Tru51 and hence for taking ieasonable steps for the prevention and
deioclion of fraud and other irregularities
The Trustèes are al$0 responsible for the maln18nance and Inlagnty ol any financial Infornialion Included iii
the Trust's website
Indop¢ndont examlner
Trevor James FCA DChA FCIE is willing lo continue in olfice as Ilie Trust'5 Independenl Examiiier
The Trustees, Annual Report was approved by the Trustees an
2026 and signed on
their behalf Dy
M A Pugsley
Trustee

Lelung Dharma Trust
Independent Examiner's Report
Year Ended 31 December 2024
I report to the Charity's Trustees on my examinats'on of the accounts of Lelung Dharma Trust for the year
ended 31 December 2024. This report is made solely to the Trustees of Lelung Dharma Trust, as a body, in
accordance with the Charities Act 2011 {"the Acr).
Responslbilitles and basi5 of report
As the charity trustees of Lelung Dhama Trust you are responsible for the preparation of the accounts in
accordance with the requirements of the Act. You constder that the audit requirements of the Act do not
apply and that an independent examinatr'on is needed.
It is my responsibility to:
examine the accounts under section 145 of the Act.
follow the procedures laid down in the general directions given by the Charity Commission under
section 144 (2) of the Act; and
to state whether particular matters have come to my attention.
Ba818 of the Indep•ndent examlner's report
My examination was carried out in accordance with the general directions given by the Charity Commission.
An examination includes a review of the accounting records kept by the Charity and a comparison of the
accounts presented with those records. It also includes consideration of any unusual items or disclosures in
the accounts and seeking explanations from you as Trustees conceming any such matters. The procedures
undertaken clo not provide all the evidence that would be required in an audit and consequently no opinion is
given as to whether the accounts present a 'true and fair view, and the report is limited to those matters set
out in the statement below.
Independent •xamlner's ststement
I have completed my examination. I confirm that, subject the qualifications below, no material matters have
come to my attention in connection with my examination giving me cause to believe that in any material
respect..
1. the accounting records were not kept in accordance with section 130 of the Act", or
2. the accounts do not accord wrth the accounting records., or
3. the accounts do not comply with the applicable requirements conceming the fomi and content of accounts
set out in the Charities (Accounts and Report) Regulations 2008 other than any requirement that the
accounts give a 'true 8nd fair view, which is not a matter considered as part of an independent examination.
This report is made solely to the Charity's Trustees, as a body, in accordan￿ with part 4 of the Charities Act
(Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the
Charity's Trustees those matters l am required to state to them in an independent examiner's report and for
no other purpose. To the fullest extent pemitted by law, I do not a￿Ept or assume responsibility to anyone
other than the Charity and its Trustees as a body, for my work or this report.
T E JAw&S
Trevor James FCA DChA FCIE
Dormer Cottage
Old Broyle Road
West Broyle
Chichester
West Sussex P019 3PR
6 January 2026

Lelung Dharma Trust
Statement of Financial Activities
Year Ended 31 December 2024
Unrestricted Restricted Total Funds Totsl Funds
funds
funds
2024
2023
Note
Income and endowments from
Donab'ons and grants
Trading activities
Other income
26,497
64,155
3,262
93,914
8,465
34,962
64,155
3,262
112,875
56,663
9,405
178,943
Total Income
8,465
102,379
Expenditure
Raising funds
Expenditure on charitable activities
1,826
179,131
202,943
11,556
214,499
Total expenditure
203,788
11,556
215,344
180,957
Net incomo1{èxponditure)
Transfer8 between funds
(109,874)
(3,091) (112,965)
(o)
(2,014)
Net movement In funds
(109,874)
(3,091) (112,965)
(2,0141
Reconciliation of funds
Total funds brought forward
Total funds carried forward
1,678,523
1,568,649
88,552
1,767,075
1,654,110
1,769,089
85,481
1,767,075
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from conts'nuing activities.
The notes on pages 12 to 19 form part of these financial statements

Lelung Dharma Trust
Balance Sheet
31 December 2024
2024
2023
Fixed a568ts
Tangible assets
13
1,421.252
1,484,503
Current assets
Stocks
Deblors
Casli at bank and in hond
14
15
1.6E)8
1,668
232 870
282,584
234,538
2114.252
Creditor8: amounts falllng due withln one yèar
16
1.680
1.680
Net eurrent a58ets
232.858
282.572
Total a$8•ts 1066 currènt Ilabillties
1.654.110
1.767,075
Credltor8'. amounts tallin9 duè after morg than ong year
Not assets
1,654,110
1,767,075
Funds of tho charity
Restricted funds
Unre8tricted funds
De5ignaled property luftd
OpeBtsng fund
Tol¥l charlty fund8
85.461
1,421.252
147.397
1,484.Je03
194,020
17
1.654,110
1.767.075
These financlal staternents were approved by the IrJstees ar7d aL,Ihoris¢d lor Isgue on
2026 and 8fe signed on Ihpir behalf by:
M A Pug51ey
Trustee
10-

Lelung Dhamia Trust
Cash Flow Statement
31 Decembar 2024
2024
2023
Cash flows from operatlng actlvltles
Net cash provided by operating activities
18
(46,170)
59,892
Cash flows from Investlng actlvltles
Dividends, Inte￿5t and rents from investments
Sale of fixed assets
Purchase of fixed assets
3,262
1,379
9,354
(o)
10,733
(6,806)
(2,544)
Net cash provided byl(used in) investing activities
Change In c48h and cash equlvalents In the year
Cash and cash equlvalent8 at the beglnnlng ol th• year
49,714
282,584
70,625
211,959
Cash and cash aqulvalents at tho end of the year
232,870
282,584
11

Lelung Dharma Trust
Notss to the Financial Ststements
31 December 2024
General information
Lelung Dhama Trust {'the Charity.) is an unincorporated trust registered with the Charity
Commission for England and Wales
Statement of compllance
These financial statements have been prepared in compliance with FRS 102, 'The Financial
Reporting Standard applicable in the UK and the Republic of Ireland,, the Ststement of
Recommended Practice applicable to charities preparing their accounts in accordan￿ with the
Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102} (effective
1 January 2015) the Charities SORP (FRS 102), and the Charities Act 2011.
Lelung Dharma Trust meets the definition of a public benefit entity under FRS 102.
Accountlng policies
Ba818 of preparatlon
The financial statements have been prepared on the historical cost basis.
The financial ststements are prepared in sterling, whlch is the functional currency of the entity.
Golng concern
There are no material uncert8intl8s about the Charity's ability to continue.
Judgem•nts and key 80urc88 of 88timatlon uncortalnty
The preparation of the financial statements requires the Trustees to make judgements.
estimates and assumptions that affect the amounts reported. These estimates and judgements
are continually reviewed and based on experience and other factors, including expectations ol
future events that are believed to be reasonable under the circumstances.
Fund accountlng
Unrestricted funds are available for use at the dlscretion of the trustees to further any of the
Charity's purposes.
Restricted funds are subjected to restrictions on their expenditure declared by the donor or
through the tenns of an appeal and fall into one of trwo sub-classes,, restricted income funds or
endowment funds.
Incomlng r•8ourc88
All income is included in the statement of financial activities when entitlement has passed to the
Charity, it is probable that the economic benefits associated with the transaction will flow to the
Charity and the amount can be reliably measured. The following specific policies are applied to
particular categories of income..
Income from donations and grants is recognised when Ihere is evidence of entitlement to the
funds, ￿Ceipt is probable, and its amount CAn be measured reliably.
Income from sales is recognised at the time of sale.
Donated facilitles and services are recognised in the accounts when ree2ived if the value
can be reliably measured. No amounts are included for the contribution of trustees or other
volunteers.
Interest on funds held on deposit is included on notification of the interest paid or payable by
the bank,
Resources expended
Expenditure is recognised on an accfuals basis as a liability is incurred.
Expenditure on raising funds includes the costs of all fundraising activities.
Expenditure on charitable activities includes all costs incurred by the Charity in undertaking
activities that further its charitable aims, including those support costs and costs relating to
the govemance of the Charity apwrtioned to charitable activities.
12

Lelung Dhama Trust
Notes to the Financial Statements
31 December 2024
Accountlng pollcies (contlnued)
Other expenditure includes all expenditure that is neither related to raising funds for the
charity nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs
attributsble to a single activity are allocated directly to that activity. Shared costs are
apportioned betrrfeen the activits'es they contribute to on a reasonable, justifiable and consistent
basis.
Operatlng loases
There are no operating leases. Any lease payments would be recognised as an expense over
the lease term on a straight-line basis. The aggregate benefit of lease incentives would be
recognised as a reduction to expense over the lease term, on a straight-line basis.
Tanglble flxed assets
Tangible fixed assets costing more than £250 are capitslised. They are initially recorded at cost,
and subsequently stated at cost less any accumulated dep￿CiatIon and impairment losses.
Depreclatlon
Depreciation is ¢2lculated so as to write off the cost or valuation of an asse( less its residual
value, over the useful economic life of that asset as follows..
Freehold propety
over 20 years on a straight line basis
Motor vehicle
250kn on reducing balance
Stocks
Stocks are stated at the lower of cost and net realisable value. Donated items of stock, held for
distribution or resale, are not recorded or valued a the time of donation and are only recorded
when sold.
Debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount
offered. Prepayments are valued at the amount prepaid net of any trade discounts due,
Cash at bank and In hand
Cash at bank and in hand includes cash and short term highly liquid investments with a short
maturity of three months or less from the date of acquisition or opening of the deposit or similar
account.
Creditors and provisions
Creditors and provisions are recognised where the Charity has a present obligation resulting
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 provisions are
normally recogni5ed at their settlement amount after allowing for any trade discounts due.
Financial instruments
A financial asset or a financial liability is recognised only when the Charity becomes a party to
the contractual provisions of the instrument. Basic financial instruments are initially recognised
at the amount receivable or payable including any related transaction costs. Current assets and
current liabilities are subsequently measured at the cash or other consideration expected to be
paid or received and not discounted.
Taxatlon
The Charity is exempt from corporation tax on its income to the extent that it is used for
charitable purposes.
13-

Lelung Dharma Trust
Notes to the Financial Statsments
31 December 2024
Donations and grants
Unrestricted
Funds
Restricted Total Funds Total Funds
Funds
2024
2023
Donations and grants
Donations and gift aid receivable
Legacies
21,497
5,000
8,485
29,962
5,000
112,875
28,497
8,465
34,962
112,875
Year ended 31 December 2023
45,881
66,994
Trading activities
Unrestricted
Funds
Restricted Total Funds Total Funds
Funds
2024
2023
Shop sales
64.155
64,155
56,663
Year ended 31 December 2023
56,663
Other Income
Unrestricted
Funds
Restricted Total Funds Total Funds
Funds
2024
2023
Surplus on ￿rapPIng Mini Bus
Bank interest
8,026
1,379
3,262
3,262
3,262
3,262
9,405
Year ended 31 December 2023
9,405
Costs of ral8lng lunds
Unrestricted
Funds
Restricted Total Funds Total Funds
Funds
2024
2023
Shop purchases
1,826
845
1.826
Year ended 31 De￿mber 2023
1,826
-14-

Lelung Dharnia Trust
Notes to the Financial Statements
31 December 2024
Expendlture on charltable actlvitie8 by activlty type
Trust
Activities
Support Total Funds Total Funds
Costs
2024
2023
Living expenses
Donats'ons
Tsering Passang
Nyingmapa Mahabodi Society
GBPR sponsorship and support
Donation for Geshe Ceremony
Education and other sponsorship
ststues of 1. Lelung
Transport of goods to Indla
Wages and salaries
Peace House
Electricity
Rent and rates
Repairs and renewals
Telephone
Travel
Miscellaneous
Independent examination
Depreciation
23,400
6,168
11,730
4,586
3,400
1,000
3,750
6,000
3,654
23,400
6,168
11,730
4,586
3,400
1,000
3,750
6,000
3,654
24,466
28,699
5,477
405
422
951
1,373
17,281
1,680
70,057
14,400
7,715
428
13,000
9,165
5.500
1,557
19,710
2,966
7,414
1,121
3,666
830
1,173
24,468
1,680
66.164
24,466
28,699
5,477
405
422
951
1,373
17,281
1,680
22,178
47,879
111,567
102,932
214,499
179,131
Year ended 31 December 2023
98,957
80,174
Net Incomo
Net Income is stated after charging:
2024
2023
Depreciation of tsngible fixed assets
Professional fees - Independent examiner's remuneration
70,057
1,680
66,164
1,680
10. Independent examlner's remuneration
2024
2023
Fees payable for the examination of the financial statements
1,680
1,680
11. Staff costs
Throughout the year the Charity had 2 employees (2023.. 2 employees). Total remuneration pald
to the Charity's employees, including employerfs pension and social security costs, was
£24,46612023. £19,710). No employee was paid more than £60,000. Many of the Charity's
activities are carried out by volunteers who are unpaid. No record is kept of the donated time.
12. Trusteo romun•ratSon and expen888
One trustee, Lelung Tulku, the Spiritual Leader, received a stipend of £23,400 (2023.. £14,400).
Other than this none of the trustees or persons connected with them received any remuneration,
benefits or reimbursement of expenses in the year for work as a trustee (2023'.Nonel. Any claim
for expenses would be subject to the Charty's normal internal control procedures.
Is-

Lelung Dhamia Trust
Notes to tha Financial Ststements
31 December 2024
13. Tanglble flxed assets
Pea
House
Shop
premises
Total
Cost
At 1 January 2024
Additions
1,343,831
6,806
411,558
1,755,389
6,806
At 31 Dec8mbor 2024
1,350,637
411,558
1,762,195
Depreclatlon
At 1 January 2024
Charge for the year
Written off
212,364
47,879
58,522
22,178
270,886
70,057
At 31 December 2024
260,243
80,700
340,943
Carrylng amount
At 31 December 2024
1.090,394
330,858
353,036
1,421,252
At 31 December 2023
1,131,467
1,484,503
Freehold properties are a building known as Peace House and Lelung Dharma Centre which was
purchased in 2019 and shop premises purchased in 2021. Freehold property includes land valued at
£400,000. The land is not depreciated.
14. Stocks
2024
2023
Stock of goods for re*sale
1,668
1,668
Stocks of stationary and packaging materials are not valued,
15. Debtor8
2024
2023
Gift Aid tax refundable
Other debtors
16. Crndltorn: amounts falllng due wlthln one year
2024
2023
Accruals
Loan
1,680
1,680
1,680
1,680
16-

Lelung Dharma Trust
Notes to the Financial Ststements
31 December 2024
17. Analy818 of not assets b•twe8n funds
Unrestricted
Funds
Restricted Total Funds
Funds
2024
Tangible fixed assets
Current assets
Creditors less than 1 year
Net assets
1,421,252
149,077
(1,680)
1,568,649
1,421,252
234,538
(1,680)
1,654,110
85,461
(o)
85,461
Prfor Year
Unrestricted
Funds
Restricted Total Funds
Funds
2023
Tangible fixed assets
Current assets
Creditors less than 1 year
Nèt assets
1,484,503
195,700
(1.680)
1,678,523
1,484,503
284,252
11,680)
1,767,075
88,552
(o)
88,552
18. Movem8nt In fund8
At
1 January
2024
Incoming
resources &
gains
Outgoing
resources &
losses
At
31 December
2024
Transfers
R•strlctod fund8
Peace House, Buildin8
Prolect fund
Sponsorship
64,750
23,802
5,735
2,730
(6,806)
(4,750)
{0)
63,679
21,782
88,552
8,465
(11,556)
{0)
85,461
Unre8trlcted funds
Designated property fund
Operating fund
1,484,503
194,020
6,806
87,108
(70,057)
(133,731)
(203,788)
1,421,252
147,397
1,678,523
93,914
1,568,649
1,767,075
102,379
(215,344)
1,654,110
17-

Lelung Dhamia Trust
Notes to the Financial Statements
31 December 2024
17. Analy815 of net assets be￿¢•n funds (contlnued)
Prior year
At
1 January
2023
Incoming
resources &
gains
Outgoing
resources &
losses
At
31 December
2023
Transfers
Restrlcted funds
Peace House, Dharma
Centre fund
Shop premises fund
Covid sponsorship
64,750
2,244
(o)
(2,244)
(o)
64,750
23,802
23,802
23,802
66,994
{2,244)
{0)
88,552
Unrestricted funds
Designated propety fund
Operating fund
1,551,995
193,292
(66,164)
{112,549)
(1,328) 1,484,503
1,328
194,020
111,949
1,745,287
111,949
(178,713)
1,678,523
1,769,089
178,943
(180,957)
1,767,075
Peace House and Dharma Centre fund.. The purchase of this building was funded through restricted
donations. Each year an amount equal to the depreciation charged in the year is written off from the
fund. The fund will be fully written off over the buildings 20 year estimated useful life. Major
improvements are capitslised and written off over 20 years.
Shop premises fund.. The purchase of this building was funded through restricted donations. Each
year an amount equal to the depreciation charged in the year is written off from the fund. The fund will
be fully written off over the buildings 20 year estimated useful life.
18. Reconclllatlon of net incomel(expendltur•) to n•t ¢ash flow from oporatlng activllie8
2024
2023
Net incomel(expenditure) as per Statement of Financial Activities
Depreciation charges
Mini van scrapped
Dividends, interest and rent from investments
(Increase)Idecre8se in stocks
{increase)Idecrease in debtors
Increasel(decrease) in creditors
(112,945)
70,057
(2,014)
66,164
(8,026)
(1,379)
1,826
4,741
(1,420)
{3,262}
(46,170)
59,892
18

Lelung Dharma Trust
Notes to the Financial Statements
31 December 2024
19. Analysis of cash and cash equivalents
At31
December
2024
At 1 January
2024
Other
Changes
Cash flows
Cash in hand
282,584
(49,714)
232,870
Totsl cash and cash equivalents
282,584
(49,714)
232,870
Prfor year
At31
December
2023
At 1 January
2023 Cash flows
Other
Changes
Cash in hand
211,959
70,625
282,584
Total cash and cash equivalents
211,959
70,625
282,584
20. Operatlng lèase commltments
There are no operating lease commitments (2023.. None).
21. Related partles
Charity trustee and Spiritual Leader, Lelung Tulku, received a stipend of £23,400 (2023:
£14,400). No other trustee received any payment or benefits (2023.. Nil).
No trustee received payment or reimbursement for travel or subsistence costs incurred apart
from Lelung Tulku when travelling on behalf of Trust business.
19-