Tashi Lhunpo Monastery UK Trust
Report of the Trustees and Flnancial Statements
for the Year Ended 31 May 2024
Charity No: 1100175

Tashi Lhunpo Monastery UK Trust
Index to the Financial Statements
For the year ended 31 May 2024
Contents
Page
Legal and Administrative Details
Report of the Trustees
Report of the Independent Examiner
Statement of Financial Artivitie5
Balance Sheet
Note5 forming part of the Financial Statements
8-12

Tashl Lhunpo Monastery UK Trust
Legal and Administrative Detai15
Forthe year ended 31 May 2024
CHARITY REGISTERED NUMBER
1100175
TRUSTEES
Jane Rasch
Debbie Rigg
Venerable Kelkhang Rinpoche
Mark Eynon
Lady Naipaul
David Holme
Michael Whitewood
lappointed on 10 August 20231
OPERATIONAL ADDRESS
The Round House
Netton
Salisbury
Wiltshire
SP4 6AW
ACCOUNTANT AND INDEPENDENT EXAMINER
Simon Ellingham FCA DChA
Fawcett5 LLP Chartered Accountants
Windover House, St Ann Street, Salisbury, SPI 20R
BANK
Lloyds Bank PIC
38 Blue Boar Row
Salisbury
Wiltshire
SPI IDA
Page I

Tashi Ihunpo Monastery UK Trust
Trustee Report
For the year ended 31 May 2024
The Trustees present their Annual Report and Accounts for the year ended 31 May 2024 which have been
prepared in accordance with Accounting and Reporting by Charities: statement of Recommended Practice
applicable to charities preparing their accounts in actordance with the Financial Reporting Standard applicable
in the UK and Republit of Ireland IFRS1021 leffective l January 20151.
STRucfuRE. GOVERNANCE AND MANAGEMENT
The charity is constituted by a deed of trust dated 15 September 2CN)3. The charity is operated by its trustees
who meet periodically. New trustees are recruited from among people who have an interest in furthering the
aims of the trust, with a view to ensuring that all the necessary competencies are represented on the trustee
body.
RISK MANAGEMENT
The trustees confirm that they have reviewed the risk5 to which the charity is exposed and they have
implemented policies to mitigate the risks which they have identified.
OBJECTIVES AND ACTIVITIES
The trust was founded to advance the education of the public in the art, science and religious faith of the
Buddhist culture of Tibet particularly as embodied in the Tashi Lhunpo Monastery of 8ylakuppe, near Mysore,
South India.
PUBLIC BENEFIT STATEMENT
When planning the activities for the year, the Trustees have considered the Charity Commission'5 guidance on
public benefit and, in particular. the specific guidance on charities for the advancement of education. The Trust
is increasingly offering workshops to schools in connection with performances which are often offered free of
charge.
ACHIEVEMENTS AND PERFORMANCE
The beginning of June 2023 was in the middle of the summer tour, this time in the hands of Trustee David
Holme who ha(1 taken on the driving from Jane R, for the duration of the tour. In June the monks were in
residence in Harewood House, making the Odpakme Mandala and running a series of workshops and dances in
the afternoons of the Courtyard. On 3, June they gave a performance in the Howard Assembly Room in Leeds
to a sold out theatre. They left direct from Harewood with for the Wychwood Festival at Cheltenham
Racecourse for a short performance before returning to S31isbury.
A day vi51ting three primary schools in Newbury organized by the Newbury Festival followed, and then a
residency at the East Dorset Museum in Wimborne for a Sand Mandala. Then there was a long drive north to
Hexham for a performance in the Queen's Hall, and on to Findhorn via Edinburgh University School of Divinity
for a short presentation to 200 school children. At Universal Hall Findhorn, the monks made a Peace Mandala,
held workshops and gave a performance. There was a short performance in Glasgow for the Scottish Refugee
Festival and then the monks travelled on to St Andrew5 University for the European Academy for the Study of
Religion Conference, joined by Jane R who had travelled up from Salisbury by train.
Page 2

Tashl Ihunpo Monastery UK Trust
Trustee Report
For the year ended 31 May 2024
ACHIEVEMENTS AND PERFORMANCE CONTINUED...
On the return south, a very successful workshop day was held at stonehenge School in Ame5bury, and the
onks left with David Holme to Barnstaple for a performance in the Queen's Theatre. From there it was on to
the ferry to the Isle of Wight and a return visit to Quay Arts for a mandala, workshops and a performance. In
earty July we returned to Salisbury and put on two performances in the wonderful Medieval Hall in Salisbury
Cathedral Close. The mandala and some of the dance performance was recorded for the BBC Sunday Mornin
Live pro8ramme and included interview5 Wlth the monks. Then it Was to North Wales, first for a performance
in the Ucheldre Centre in Holyhead, followed by a day at the Musical Eisteddfod at Llangollen, sadly badly
curtailed by torrential rain, and followed by Tibet Day at Eyarth House at the invitation of Mr and Mrs Fleming.
Lichfield Festival engaged the monk5 for a matinee performance for schools in the Garrick Theatre in Lichfield,
and then it was to Bridgwater Arts Centre, Dorchester Arts Centre and Strode Theatre in Street, Somerset.
David and Jill Holme then took the monks to Italy to the Mandali Foundation north of Milan, where they made
a Peace Mandala, did a performance and ran workshops for participants. Returning to the UK, the monks gave
a performance in Peterborough at the New Theatre and from there went on to Diss in Suffolk for a residency in
The Corn Hall with a mandala, a series of Wofkshops and a performance during the week. Sadly the planned
cricket match wa5 cancelled due to the weather.
The final phase of the tour saw the group at the Sidmouth Folk Festival, EartH Theatre in Hackney for Future
Sound Presents,, and an end of tour supper with some of our Trustees and helpers. The monks left for India on
iith August and were soon back in the monastery having a well-earned rest.
The tour was only made possible because of the invaluable help of our Trustees. David Holme and his wife Jill.
Tony Harker who took on some of the driving and our generous host5 who looked after the group during their
Stay.
Meanwhile planning for the 2024 tour was already under way with an emphasi5 on the I￿th anniversary of
the first Tibetafi monks Ifrom Gyantse Monasteryl who had visited the UK to promote screenings of a Silent film
about the attempt to climb Everest by George Mallory and Sandy Irvine. With the encouragement and
enthusiasm of Trustee Michael Whitewood research into the project began with visits to the Royal
Geographical Society and the Alpine Society as well as searching out relevant images and materials. Shortly
before the monk5 returned to India we held a photo session with Charlotte Graham at Wembley which had
hosted the 1924 British Empire Exhibition at which Tibetan dance5 had been seen for the first time.
Jane R spent three days at Womex in A Coruna in Spain and had meetings with a number of European agents
and venue representatives in the hope of arranging more foreign engagements in future tours. Planning for the
next tour scheduled for September to November 2024 began in earnest, along with a promotion of an evenlng
in the Royal Geographical Society which was to take place in early June as part of the Society's celebration of
the centenary of the Everest attempt.
Page 3

Tashi Lhunpo Monastery UK Trust
Trustee Report
For the year ended 31 May 2024
OTHER FINANCIAL A￿1VITIEs
We are grateful for the loyalty of our many sponsors who continue to SUPPOrt the monastery through regular
donations to the Trust. The Trustees extend their thanks to Leila Clarke who very ably manages the sponsorship
scheme. Our on-line shop through the website has been fairly active, and the demand for yak blankets, marketed
and managed by Jill and David Holme, still provides a small income. We also receive royaltie5 from broadcasts of
rnusic recorded by the monks. Trustee Michael Whitewood provided expert advice and input to our social media
presence. whith we will continue to develop in the future.
FINANCIAL REVIEW
The Trust's total income amounted to £114,68312023.. £51,750) and it pald £nS112023: £6001 in grants. After tour
expenses of £19,37612023.' £20.5841, costs of sales of cultural product5 of £2,68712023.- £2,6111, grants paid of
£118,82612023.' £nill and administration costs of £4,257 12023.. £3,228), there were net outgoing resources of
£30,46312023.. IncomlnB resources of £24,727).
PLANS FOR THE FUTURE
The Trust intends to continue to work towards SUPPOrting the monastery through touring and other activities in
the future. lane R has been in discussion with Trustees and the Monastery about planning for the future as she
will be unable to undertake full responsibility for touring after December 2025. Alternative options for support
are being suggested and will be included in the next Annual Report.
Page 4

Tashl Lhunpo Monastery UK Trust
Trtsstee Report
For the yearended 31 May 2024
Re5ponsibllities of the Trustees
The trustees are responsible for preparing the Trustees. Annual Report and the financial statements in
accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Gerberallv
Accepted Accounting Practice).
The law applitable to charities in England & Wales require5 the trustees to prepare financial statements for
each financial year which give a true and fair view of the state of affairs of the charity and of the incoming
re￿urCeS and application of resources of the charity for that period. In preparing these financial statement5,
the trustees are required to:
select Suitable accounting policies and then apply thern consistently;
observe the methods and principles in the Charities SORP 2015 IFRS 1021;
make judgements and estimates that are reasonable and prudent,.
state whether applicable accounting standards and statements have 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 that
the Charity will continue in operation.
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at
any time the financial position of the charity and enable them to ensure that the financial statements complv
with the Charities Act 2011, the Charities (Account5 and Reports) Regulations 2008 and the provisions of the
trust deed. They are also responsible for safeguardin8 the a55ets of the charity and hence for taking reasonable
5tep5 for the prevention and detection of fraud and other irregularitie5.
Approved by the Trustees on
and signed on their behalf by
Debbie Rigg
Page 5

Tashl Lhunpo Monastery UKTrust
For the year ended 31 May 2024
I report to the charity trustees on my examination of the account5 of the charity for the year ended 31 May 2024
whith are set out on pages 7 to 12.
Responslbllltles and ba515 of report
As the chariws tru5tee5 you are responsible for the preparation of the accounts in accordance with the
requirements of the Charities Act 20111'the ACVI.
I report in respect of my examination of the charitrfs accounts carried out under section 145 of the Act and in
carrying out my examination I have followed all the applicable Directions given by the Charity Commlssion under
Section 1451511bl of the Act.
Independent examSner's Statement
I have completed my examination. I confirm that no material matters have come to my attention in connection
with the examination 8ivin8 me cause to believe that in any material respect..
a¢countlnE records were not kept In respect of the ¢harty as reqvlred by sectlon 130 of the Art- or
the accounts do not accord with those records,. or
the accounts do not comply with the applicable requlrement5 concernlng the form and content of accounts
set out in the Charities IAccounts and Reports) Regulation5 2008 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.
Simon Ellin8ham FCA OChA
Fawcetts LLP
Chartered Accountants
Windover House, St Ann Street, Salisbury, SPI 20R
Date..
Page 6

Tashl Lhunpo Monastery UK Trust
ststement of Nnan¢ial Actlvltle$
Forthe year ended YI May 2024
Year to
31.05.24
Yearto
31.05.23
Unrestricted
Restricted
Note
INCOME AND ENDOWMENTS FROM:
Voluntary income..
Donations
Special pioject5
Sponsorship
Other income
5,655
30
14,007
1,202
5,655
10.030
14.007
1,202
4,943
10,000
13,125
702
Charitable artivities-
Tour income
Sale of tultural products
44,129
39,660
44.129
39,660
10,928
22,052
TOTAL INCOME AND ENDOWMENT5
104.683
10,000
114.683
51,750
EXPENDITURE ON:
Charitable artivities:
Tour expenses
Costs of sale of cultural products
Grants to Ta5hi Lhunpo Monastery
Administration costs
1.016
586
106,301
4,257
18,360
2.101
12,525
19,376
2,687
118,826
4.257
20,584
2.611
600
3,228
TOTAL EXPENDITURE
112,160
32,986
145.146
27,023
Net ExpendSture
17,4771
122,9861
130,4631
24,727
Gross transfers between fund5
Net movement in fund5
17,4771
122,9861
130,4631
24,727
Re¢on¢iliatioTr of funds..
Total funds at l June 2023
24,068
22,986
47,054
47,054
Total funds at 31 May 2024
16,591
16,591
71.781
There were no recognised gains and losses other than those shown in the above Statement of Financial Activities.
All incoming resources and resources expended derive from continuing activities.
Page 7

Ta5hi Lhunpo MO￿stery UK Trust
Balance Sheet
As at 31 May 2024
2024
2023
Notes
Tanglble flxed assets
Office equipment
Current assets
Stock
Cash at bank & in han(1
3,659
15,032
3,852
44,252
18,691
48,104
Credltoys: amounts falling due
within one year
12,1001
11,0501
Net current assets
16,591
47,054
Net assets
16,591
47,054
The Funds of the Charity
Restricted Funds
22,986
Unrestricted Funds
16,591
24,068
Total Funds
16,591
47,054
The Trustees acknowledge their responsibilities for:
lal ensuring that the charity keeps proper accounting records- and
Ibl preparing accounts which give a true and fair view of the state of affairs of the charity as at the end of the
financial year and of its profit or105s for the financial year.
The accounts have been prepared in accordance with Atcounting and Reporting by Charities.. Statement of
Recommended Practice applicable to charities preparing their accounts in accordance with the Financial
Reporting Standard applicable in the UK and Republic of Ireland IFRS102) (effective l January 20151.
Approved by the Committee on
and signed on its behalf bv
Debble Rigg
Page 8

Tashi Lhunpo Monastery UK Trust
Notes to the Financial Staternents
For the year ended 31 May 2024
l. Accounting policies
Basis of accountlng
The charity constitutes a public benefit entity a5 defined by FRS102. The accounts have been prepared in
accordance with Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to
charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and
Republic of Ireland IFRS1021 leffective l January 20151-
Taxatbon
No tax is provided for as Tashi Lhunpo Monastery UK Trust, being a charity, is exempt. Because of its current
activities Tashi Lhunpo Monastery UK Trust is not registered for VAT and therefore cannot recover VAT on its
expenses.
Fund5 accounling
General funds are unrestricted funds available for use at the discretion of the trustees in furtherance of the
general activities of the charity and which have not been designated for other purposes.
Restricted funds are to be used for specified purposes as laid down by the donor or which have been raised by the
charity for particular purposes.
Incomlng resourtes
All incoming resources, including legacies, are recognised once the charity has entltlement to the resources, it is
certain that the resources will be received and the monetary value of incoming resources can be measured with
sufficient reliability.
Resources expended
Liabilitie5 are recognised as resources expended as soon as there is a legal or constructive obligation committing
the charity to the expenditure. All expenditure is accounted for on an accruals basis and has been classified
under headings which aggregate all costs related to the operating activities of the charity.
Grants are recognised when any conditions necessary for payment have been met.
Charitable activities comprise all the resour¢e5 applied by the charwty in undertaking its work to meet its
charitable objectives and includes tour expenses, cost of sales of cultural products and grants made to the Tashi
Lhunpo Monastery.
Fixed assets
Tangible fixed assets costing more than £l,IJOO are capitalised and are included at cost. Depreciation is calculated
at appropriate annual rates estimated to write off the tosts of fixed assets less their estimated Yesidual value over
their useful lives as follows-
Motor vehicles
Office equipment
25% on a straight line basis
25% on 3 Straight line basis
Stock
Stock is carried at the lower of cost and net realisable value, after provision for slow-moving items.
Page 9

Tash5 Lhunpo Monastery UK Trust
Notes to the F5nanclal Ststements
Forthe year ended 31 May 2024
l. Accounting policies. Collt.
Jud8ements and key sources of estlmatlon uncertalnty
The preparation of the financial Statements requires management to make judgements. estimates and assumptions
that affect the amounts reported. These estimate5 and judgements are continually revlewed and are based on
experience and other factors, Includlng expectatlons of future events that are belleved to be reasonable under the
cirtum%tances.
No signlfTr¢antludgements have had to be made In preparlng these financial statements.
2. AdminlstratSon costs
Year to
31.05.24
Year to
31.05.23
Independent examiner's fees
Office expenses
1,050
3,207
I,iio
2,118
4,257
3.228
3. Transactions with Trustees
In accordance with Clause T 1111 of the charity's Declaratlon of Trust. Mlss Jane Rasch charged fees for
managing the tours of which £nil12023= £nill related to the period under review.
During the year, no Trustees 12023.. nonel receTved any eKpenses 12023: £nill. Neither the Trustees nor
persons connected with them received any remuneration from the charity for their seNices as Trustees.
4. Fixed assets
Motor
Vehicles
Office
Equipment
Total
Cost:
At l June 2023
Additions
At 31 May 2024
7,194
4,925
12,119
7.194
4.925
12,119
Depre¢latlon:
At l June 2023
Charge for year
At 31 May 2024
7,194
4,925
12.119
7,194
4,925
12.119
Net book values:
At 31 May 2024
At 31 May 2023
Page 10

Tèshi Lhunpo Monastery UK Trnst
Notes to the Financlal Statements
For the year ended 31 May 2024
5. Llabllltles: Amounts falling due within one year
Year to
31.05.24
Year to
31.05.23
Accruals
2,100
1,050
2,100
I,oso
6. Analysi5 of net assèts bètween fund5
Fixed
ssets
Net current
a55et5
Total
Restritted funds
Unrestricted funds
16,591
16,591
16,591
16,591
7. Movement In Funds
Restricted funds
At
Incoming
Outgoing
At
01.06.23 & transfers & tr3nsfer5 31.05.24
Sponsorshlp
12,525
112,5251
Special Projert Funds
Llbrary Project
Dukhang
Food fun(i
Clinic
Kitchen project
Davey School donation
Fra51 Schcw)I
7,140
1.436
150
515
1,220
17,1401
11,4361
11501
15151
11,2201
17,0001
13,(KlOI
7,000
3,000
Total restricted fuo)ds
22,986
10,000
132,9861
Total unrestrlcted funds
24.068
104,683
1112,1601
16.591
Total furlds
47,054
114,683
1145,1461
16,591
Pagell

Tashi Lhunpo Mon•stery UK Trust
Notes to the Flnancial Statements
For the year ended 31 May 2024
7. Movement in Funds continued...
Com
arative balances for the
ear ended 31 Ma
2023
At
Incoming
Outgoing
At
01.06.22 & transfers & transfer5 31.05.23
Sponsorship
13,125
16001
12,525
Special Project Fund5
Library Project
Dukhang
Food fund
Clinic
Kitchen project
7,140
1,436
150
515
1,220
7,140
1,436
150
515
1,220
Totsl restricted funds
10,461
13,125
16C4JI
22,986
Total unrestricted funds
11,866
38,625
126,4231
24,068
Totsl funds
22,327
51,750
127,0231
47,054
The Sponsorship fund represents amounts received from sponsors in the year which are then transferred to
the Monastery. Amounts received and not transferred by the balance sheet date are included within
The re5trirted funds represent amounts given to the Trust with restrictions as to their use. All the funds
were expended during the year In accordance with those restrictions.
Speclal Prolert Funds represent donations for specrfic projects undertaken at the Monastery as noted above.
Page 12