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||||Page|
|---|---|---|---|
|Reference and Administrative||Details ofthe Charity, its Trustees and Advisers||
|Trustees'
Report|||2-4|
|Independent
Auditor's|Report|on the Financial Statements|5-8|
|Statement of Financial|Activities|||
|Balance Sheet|||10|
|Statement ofCash Flows||||
|Notes to the Financial|Statements||12-21|
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|Trustees||Ms J Hollingbery,|Treasurer|Treasurer|
|---|---|---|---|---|
|||Mr W R Templer,|Chair||
|||Mr R W J Hollingbery|||
|Charity registered|||||
|number||1102974|||
|Principal office||Little Halse|||
|||Hill Road|||
|||Sutton Veny|||
|||Wilts hire|||
|||BA12 7AT|||
|Independent|auditor|Royce Peeling Green||Limited|
|||Chartered
Accountants|||
|||Statutory
Auditor|||
|||The Copper Room|||
|||Deva Centre|||
|||Trinity Way|||
|||Manchester|||
|||Mj 7BG|||
|Bankers||C Hoare 8 Co|||
|||37 Fleet Street|||
|||Temple|||
|||London|||
|||EC4P 4DQ|||
|Solicitors||Addleshaw
Goddard|||
|||Sovereign
House|||
|||PO Box8|||
|||Sovereign Street|||
|||Leeds|||
|||LS1 1HQ|||
|Custodian|Banker|Edmond
De Rothschild||(Europe) S.A.|
|||Boulevard
Emmanuel||Servais 20|
|||L-2535 Luxembourg|||
|Investment|managers|Edmond
De Rothschild|||
|||4 Carlton Gardens|||
|||London|||
|||SWIY 5AA|||
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|||||Unrestricted|Total|Total|
|---|---|---|---|---|---|---|
|||||funds|funds|funds|
|||||2021|2021|2020|
||||Note||||
|Income from:|||||||
|Donations
and|legacies|||1,127,759|1,127,759|1,446,468|
|Investments||||2,396|2,396|1,033|
|Total income||||1,130,155|1,130,155|1,447,501|
|Expenditure
on:|||||||
|Raising funds|||5|34,043|34,043|45,436|
|Charitable
activities|||8|538,353|538,353|1,014,064|
|Total expenditure||||572,396|572,396|1,059,500|
|Net gains on investments||||94,030|94,030|4,149|
|Net movement|in funds|||651,789|651,789|392,150|
|Reconciliation|offunds:||||||
|Total funds brought||forward||719,288|719,288|327,138|
|Net movement|in funds|||651,789|651,789|392,150|
|Total funds carried forward||||1,371,077|1,371,077|719,288|
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|||||||2021||2020|
|---|---|---|---|---|---|---|---|---|
|||||Note|||||
|Current assets|||||||||
|Debtors||||12|56,977||56,500||
|Investments||||13|550,000||||
|Cash at bank|and|in|hand||771,656||672,520||
||||||1,378,633||729,020||
|Creditors: amounts|||falling due within one||||||
|year||||14|(7,556)||(9,732)||
|Net current|assets|||||1,371,077||719,288|
|Total net assets||||||1,371,077||719,288|
|Charity funds|||||||||
|Restricted
funds|||||||||
|Unrestricted|funds|||||1,371,077||719,288|
|Total funds||||||1,371,077||719,288|
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|||||||2021|2020|
|---|---|---|---|---|---|---|---|
|||||||F||
|Cash flows from operating|||activities|||||
|Net cash|used
in operating|activities||||553,187|335,455|
|Cash flows from investing|||activities|||||
|Dividends,
interests
and rents from investments||||||1,919|'/,033|
|Proceeds|from sale of investments|||||1,221,789|300,796|
|Purchase|of investments|||||(1,127,759)|(296,647)|
|Purchase|offixed term investments|||||(550,000)||
|Net cash|(used in)/provided||by investing||activities|(454,051)|5,182|
|Change|in cash and cash||equivalents|in|the year|99,136|340,637|
|Cash and|cash equivalents||at the beginning||ofthe year|672,520|33/,883|
|Cash and cash equivalents|||at the end|of|the year|771,656|672,520|
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|Unrestricted|Total|
|---|---|
|funds|funds|
|2021|2021|
|F|F|
|1,127,759|1,127,759|
|Unrestricted|Total|
|funds|funds|
|2020|2020|
|1,446,468|1,446,468|
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|Dividends||
|---|---|
|Investment|income|
|Unrestricted|Total|Total|
|---|---|---|
|funds|funds|funds|
|2021|2021|2020|
|F|F||
|1,691|1,691|1,033|
|705|705||
|2,396|2,396|1,033|
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||||Unrestricted|Total|Total|
|---|---|---|---|---|---|
||||funds|funds|funds|
||||2021|2021|2020|
|Investment|management|fees|164|164|108|
|Foreign exchange|||33,879|33,879|45,328|
||||34,043|34,043|45,436|
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|Grants to|Total|
|---|---|
|Institutions|funds|
|2021|2021|
|F|F|
|524,307|524,307|
|Grants to|Total|
|---|---|
|Institutions|funds|
|2020|2020|
|1,002,666|1,002,666|
|The chari|ty has made|the following
material
grants to instit|utions
during
the year:||
|---|---|---|---|---|
||||2021|2020|
||||F||
|Name of|institution||||
|Palpung|Munishasan|Dharmachakra|395,726|970,243|
|The Yongey Foundation|||128,581||
|The 17th|Karmapa|||32,423|
||||524,307|1,002,666|
||||524,307|1,002,666|
##
|||Unrestricted|Total|
|---|---|---|---|
|||funds|funds|
|||2021|2021|
|||F|F|
|Accountancy|fees|5,940|5,940|
|Professional|fees|6,170|6,170|
|Bank charges||496|496|
|Audit fees||1,440|1,440|
|||14,046|14,046|
|||Unrestricted|Total|
|---|---|---|---|
|||funds|funds|
|||2020|2020|
|Accountants|fees|1,200|1,200|
|Professional|fees|7,602|7,602|
|Trustees
insurance||810|810|
|Bank charges||346|346|
|Audit fees||1,440|1,440|
|||11,398|11,398|
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|Unrestricted|Total|
|---|---|
|funds|funds|
|2021|2021|
|F|F|
|538,353|538,353|
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|Summ|ary
by fund type (continued)||||
|---|---|---|---|---|
|||Unrestricted|Restricted|Total|
|||funds|funds|funds|
|||2020|2020|2020|
|Direct|costs|981,641|32,423|1,014,064|
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|Auditor's
remuneration|||||
|---|---|---|---|---|
||||2021|2020|
|Fees payable to the charity's|auditor for the audit ofthe charity's|annual|||
|accounts|||1,440|1,440|
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||2021|2020|
|---|---|---|
||F||
|Due within one year|||
|Accrued interest receivable|477||
|Tax recoverable|56,500|56,500|
||56,977|56,500|
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||||2021|2020|
|---|---|---|---|---|
|Fixed|term|investments|550,000||
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|||2021|2020|
|---|---|---|---|
|||F||
|Other creditors||4,745|4,745|
|Accruals and deferred|income|2,811|4,987|
|||7,556|9,732|
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|||||||||||2021|2020|
|---|---|---|---|---|---|---|---|---|---|---|---|
|Financial|assets|||||||||||
|Financial|assets|measured|at|fair|value|through|income|and|expenditure|1,321,656|672,520|
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|Summary|offunds - current ye|ar|||||
|---|---|---|---|---|---|---|
|||Balance at 6|||Gains/|Balance at 5|
|||April 2020|Income|Expenditure|(Losses)|April 2021|
|||F|F|F|F|F|
|General funds||719,288|1,151,893|(572,396)|72,292|1,371,077|
|Summary|offunds - prior year||||||
|||Balance at|||Gains'|Balance at|
|||6April 2019|Income|Expenditure|(Losses)|5April 2020|
|General funds||294,715|1,447,501|(1,027,077)|4,149|719,288|
|Restricted|funds|32,423||(32,423)|||
|||327,138|1,447,501|(1,059,500)|4,149|719,288|
##
|Analysis|of n|et ass|ets|between funds - current yea|r||
|---|---|---|---|---|---|---|
||||||Unrestricted|Total|
||||||funds|funds|
||||||2021|2021|
||||||F|F|
|Current|assets||||1,378,632|1,378,632|
|Creditors|due|within|one|year|(7,555)|(7,555)|
|Total|||||1,371,077|1,371,077|
|Analysis|of n|et ass|ets|between funds - prior year|||
|---|---|---|---|---|---|---|
||||||Unrestricted|Total|
||||||funds|funds|
||||||2020|2020|
|Current|assets||||729,019|729,020|
|Creditors|due|within|one|year|(9,731)|(9,731)|
|l|||||719,288|719,288|
##
|||||2021|2020|
|---|---|---|---|---|---|
|||||F||
|Net income for the|year (as per Statement||of Financial Activities)|651,789|392,150|
|Adjustments
for:||||||
|Losses on investments||||(94,030)|(4,149)|
|Dividends,
interests|and rents from|investments||(1,919)|(1,033)|
|Increase
in debtors||||(477)|(56,500)|
|(Decrease)/increase|in creditors|||(2,176)|4,987|
|Net cash provided|by operating|activities||553,187|335,455|
##
|||2021|2020|
|---|---|---|---|
|Cash|in hand|771,656|672,520|
|Total|cash and cash equivalents|771,656|672,520|
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||||At 6April||At 5April|
|---|---|---|---|---|---|
||||2020|Cash flows|2021|
|||||F|F|
||||F|||
|Cash|at bank and|in hand|672,520|99,136|771,656|
|Liquid|investments|||550,000|550,000|
||||672,520|649,136|1,321,656|
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