Reglster•d numb8r: 05692043 Charlty number: 1114404 TIBET WATCH (A Company Umlt•d by Guarant••) UNAUDITED TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 PAARCH 2022
TIBEf WATCH (A Corty•ny Umll•d by Gurnnl••) colENTs Page R•fvrnnu and Admlnlstrallv• D118 al th• Ch•rfty, tt• Tnth Advls• Tru•t•M' R•port knd•pond•nt Ex•mln•V• R•port 8tst•m•nt of Flnanclal Actmu 10 Balnc• Sh••t 11 Not•• to th• Flnancl•l Stat•m• 12-18
TIBEf WATCH (A Company Umlt•d by Guarantee) REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARrrY, rrs TRUSTEES AND VISERs FOR THE YEAR ENDED 31 MARCH 2022 Truslee• D Russo11 M Gfunirw, Treasurer J Hipgrave M whrtb'C. Chair N AnlatsarvJ C Harkey (resigned 6 December 2021) K Saunders Dr N Kaul (appointed 15 September 2022) Company r•glst•r•d number 05692043 Ch•rlty r•gl•ter•d number 1114404 R•glster•d ofll The Llnk 49 Effta Ro•J SW2 1BZ Comp•ny ••cret Swatt £countants Gibson Appleby Chartered Accountants 14 Ship Street Shoreham4)y-Sea West Sussex 8N43 5DH Bank• The cfroF*r8tp 8ank Pl¢ PO Box 250 Skelnwsd WN8 6WT 88ts5 Wells & Braithwaiie 24 Cannon Str00t EC4M 6YH Pa98 1
TIBEf WATCH (A Cry•ny Umlt•d by GUno) TRUSTEES. REPCIRT FOR THE YEAR ENDED 31 MARCH 2022 Thg trustegs present their annual report t(yJether with the financaal statements of the tharity for thè 1 Aprti 2021 to 31 March 2022. The Annual Rewrt serves wrrrf)ses of both a trustees. report and a directOTS' r8pc#1 under company law. The tru$tèÈ5 a)nfimi that the Annual Re[ and financial statemènts of the tharitable company compty ¥Ath rrent Ststutory requirements. tho requirements of the tharitsble companys goveming doojment 8ThJ the pmisions of Statement of R8commer¥Jed Practtt {SORP) applicable to charities preparlng their accounts in a¢(d8nce with the Finala1 Rewts'ng StsThJard applicable n the UK and Republic of Ireland (FRS102) leffeclive 1 January 2019). Since the charlty quallfi•s as small under sedion 382 of thè Cornpanies Ad 2006, the Strategic R8port required of medium and k8rge cornpanies under the CLXnp• Act 2006 (Strategic Report and Dlrector5' Report) RegulatSons 2013 is Trjt required. Tibet Watch works to promote Ihe human rlght8 of th8 Tibelan people Ihn)ugh moniknng, res&arth and b. Human Rjghts IAonltorfng We document and expose th8 orvJoing human rights abuses in Tib81 u$iThJ ¥ wide range of sources. Our researchers colw informatK)n frorn a netswrk of brave iliVidUal$ who are committed to ensuring that the wodd hears the truth at)ut China's repressK>n and trfutslty. We also out lY arrived Tibetan fwaes. monitor Chinese govemmenl websstes and media. track thanges in policy or law and both Tibetan a1 ElISh nguage news. We beli8V8 Ihat accuracy is vital in our work and so all of the infornatn AJI the knformation (x)lknt is recorded on a seojre human rights databas8. In additlon to our (hvn advo work, our information 15 used by n8licmal govemments. UN btyjies, NGOS, campaigning gTOUPS and also by intemational media. The arthrve on our web5itg shows the key storles we havè sharod each month and the Intemational re&h we have athieved. In additK)n. al infcrfmakn rnlallThJ to Tibetan act8 of rnsl8tanc8 L8 pUtlShed on FTeo Tibevs rrfotest log. c. Reuarch In addrt to sharirvJ Ihg resums of cw Mltorry )rk lIh thlrd p3rb85. Use li to prryluce thematic reports on key issues. These haw prewousty I1ed twlure. the 2LM)8 Beijing OtyTnpics and thildn,$ rights. Often these r8PQrts are Ilnked to our UN advoeacy work. We also prcJuc8 shorter raports covenng specific Inctdents or emerging trents. All our matenals are avaiLqble to r8ad arml download from Ihe 'Reports' page on our website. We also in partnership vthh Free Til( prowdiThJ rosaarth a1 irrfixmation to wpport their ¢ampaigro and collab)rating on joint reports linked to campaigns. d. Advocacy We undertake regular advocacy wilh the UK govemment also ¥mUn8 with other n81Kl govemmgnts wh6n the opportunlty aris8s. In addlti'on, we monitor China's reporb.ng progres5 the various human rights bodtes at the UN and engage diredty wthere are ab to prw.de relevant evidence. A summwy of our recent interaction wth speufic UN mechanisms is provKled (wr **bsrte. Page 2
TIBEf WATCH (A Conwwry Umlt•d by Guarantee) TRUSTEES. REPORT (copmNUED) FOR THE YEAR ENDED 31 IAARCH 2022 Objectlves and stratsgl•s (conllnuad) . Publ1¢ Ben•fft nno(aion th put4ic benefft in setting the objectives of the thanty arKI. in particulaT, have considered how planned aclivities fijrther the charitys objects. They consider that the activrlies carrbgd out. summarizl below In the 'Achievements' stion of this report provKle bgnefft to Lvnmunty. Nothing to rewt AGhl•vem•nts and performanc• a. Human Rlqhts IAonftorfng Durfng 2021r22. Tibet Watth cthllnj to Frfovth Free Tib&t ith a stsady of vwified information from ribet. This iThSuded dètails of extrajudi(aal death. protests. arrests. oner releases, political rducation, school closures. mining and larKI grabs whl¢h took ptace inside Tibet durlng the review por. Of particular note ID May 2021, tho Prrrnte Educa11 Prornokn Law was publtshed. The law stiicty imposed control on educalionThrelatgd foreign enb"ti8s and tha teaching of foreign curriculums in schools from kindergarten to grade nine {K-9) and also prohibrted the ownwthip or u)ntrd of any wivatè K-9 by for8i9n 6nbti88. In July 2021, Sengdruk Taktse MKldle S¢od. a schcKJl founded fyvo dec8d8s ago by 8 revered spiritual figur8 for poor chlldren, wlth a curriculum based in the Tibetan language and Lyjlture, wa5 forced to close despite being established with official approval in the beginnirYJ. Teacer8 were allNed to ¥hetler Orpha who w8r8 boarding on MPus. A month later. one of its longe5t-seMng leache, Rinch8n Kw was arrested on charge8 of 'inciting separaltsm". Sh8 subsequenoy disappeared. fibet Watch was able to rertht on her release from detenOn in Aprll 2022. In gUSt 2021, Gllen Gelsa Sch(KA. another ren1 Tibetsn sclKM)l also founded tsyo docad8S &30 by a Splrltual figure. wa5 ordered to change the schwfs curriculum and mediurn of instruction to Chinese and take the school's examinats'ons Chvjese. The staff were wamed lo Cpty Vlith order or face a forc so In August 2021, Tibet Watch infryrned Free Mbet of th8 CWlStnJctI of rwi military lutIon camps in NyiThJtrl. Soultrt fibet. Created for Ihw the agos of eight arKI 16. these camps frn part of an ongoing carnpayn of 'patrntic educotK>n' has grcrmng since the 2008 Thbetan Uprising. Enf¢yGing militaristsc disopline arbd n&tn01 defen¢e as thoir ethos, the camps aim to disconnect young Tibelans from their ulturo of peace 8nd noTr¥kenC8 by fostsring warped patriotic eat5 that woiect the bord8riThJ nation6 as unsafe, deny kedge of fthtsn irMleFethce and China's orymng strategy of expanding into neighbourirvJ nations, lemtories. The mililary for fibetsn thildren lts)k place amid nal10nwe propagand8 on the history of the Chinese Communist Paty on ils centenary anniversary. Beginnir¥J on 22 Awust 2021. rough 200 milrtary perxffjn81 carried c4Jt a series of mass orrests in th& town of Dza Wonpo. East8m Tibet. The raits. Ythich tc¥)k place over the course of we8ks. saw eath home in the town invaded by polica and led to at least 110 arrests. Wechat groups founded by locals for language dasses were Sh d. The arreste8s were teaten, dend adequate fLKd, arKI sublthj lo militsry drilL8 for over a month. L(Kals were also forced to sMJn a lètter derthnc4ng the Dalai Lama, and agreeirwJ for their state benefits to be Slopped if they did not follow the five points anlisted in the lett6r. Pag6 3
TIBEf WATCH TRUSTEES. REPORT {COPrnNUED) FOR THE YEAR ENDED 31 MARCH 2022 AGhl•v•ments and p•rfOrman (ntInu•d) September 2021 saw the announcement of the poty of marW use of MaThJarln as the nabonal language for thIldrn athiti8s in ndergarten. In ihe fc4lNin9 months, tha languag6 advocate and fomier litical prisOr Tashi Wangthuk c4jnkn.nued to rgFJt on his social media atrf)ut his adwcacy and replacement of Tittan textbooks in schools. In paralld. Watch TlVed reFX)rts of Tibetsn parents in Golog. Nagchu. Tsolho afKI Ngaba bwng calbgd lor class8s to improve their swken and vrritten Mandarin. In Mat06 and Markham County, tsenagers vh) gxprgsse(l ffjncerr ar#J sadness over the bss of Tibelan medium edLration were 58nl to facilits.es off<ampus ts r&educatiw. In aTr)thw case, teena98rs who shared slmilar concems on Wechat group wgre dgtalned. Beiween Odober 2021 and January 2022. fit Wotth r8cyyded a series of demolitions of oJKural, educational and Telj10S sites across Drago County in eastem Tibet. aCMpanied by mass arrosts and torture. Sites targeted for destrucllon indud8d three colossal Buddhist ststues, a Buddhist school, a building housing 4S giant prayer whe8ls and Ihe residerKe of a r8ver8d spirilual thler. Al least 10 kncal Tibetans in Drago County were detained and torbjred. This irrtomth seryed as basis for a tKi&fing in February 2022 (see the 'Research' and 'knocaty s8dions). In November 2021. Tlbelan wrlter. Inte1Ctual and monk. Go Sherab Gsetso. wa$ sentenced lo 10 years in prison. He was fwnd guilty of "inubng Secl0n., a slate s8aKity crime that is frequèntty emplo as a d)arg8 agairtst TIbet. H&18 a Welw author, a150 8 human rights and prrm9Gr8QY actiwst. In Fetrxuary and March 2022. Tibet Watth received repcrfts ol the dèath5 of Tibotans folbwing selr- immolakn protests - the first knthvn cases wnce 2019. In February 2022, Tsewan9 Norbu set fire to himseir outside the Potala Palace in Lhasa. the first suth protest in the caprlal in more than 10 yBars. In March 2022, 81- Jwr-old Tashi Phuntsok carried cMJt his seif4mmlabon wotest (¥Jtslde a Fdice station in Ngaba, eastem Tib8t wherg this fom of protest first twan in%de fIt in 2009. In Awil 2022. police grabbed KLmdol Sangmo, a fNe-swr-old girl. from her mother, Dety, on a street in PurarKJ County in the Tibèt Aulonomous Reg. Dety. was worknng as a street deaner at the time %then polic8 cused her of breathing CoMd-19 regulations and took her daughter. At the time of Mitrn9. we have no information atx)ut the vthereabcxts or heatth of Kundol Sawrm) crf Dety.. For the remew period. Tibet Watch has re[ed cages of three Tibetan detainees wtthe details and vknergatKJuts ¥till remain unk. four casos of prtson Sent$$ ranging from four to 10 years, aThJ of four others whose heath remains very kY)or after release from prison. Arrests rnlated to speaking wth Tibètsrtswin- werè also rèported. Pèg& 4
TIBEf WATCH (A Company Umlt¢d by Guarantse) TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 Achl¢v•m•nts and wrforniance (conllnued) b. Research In No¥8mb8r 2021. Tib8t Watch publ15h Tibefs airnate Crisis: The Need lor a Rightsased Approach.. Th8 briefing highlights the scientific facts abjut the overheating of the Tibetan plateau. It also offers a case study of the intersecbon betrfftn the di5appearan¢e of suslainable arKI traditional Irvelihood of Tibetan and China's aggressive policy of povety allewation. the latter of whith rt purports to b8 towards the fulfilment of the United Nation's Sustsineble Development Goals. The necessty of int8grating human rights as part of protecting Tibetan land is darified in the reporL It was used by the Senior Researcher during COP26 (see below) and its cKm¢lusions were incorporated into a joint bri8firvJ used by other Tibetan delegates at the COP26 conference. On 13 December 2021. fibgt Watch and Frge fibet ciwublished "Los%)ns from a Human Rights Disaster.. What the 2008 OIyTllPi(s can teach us about the 2022 Beijing Winter Games.. The reFN)rt details human rights abuses in Tibet prior to the 2008 Beijing Summer Owpics and made a case for a boycott of the 2022 Winter Games. 11 was distributed to UK MPS. the Brtbsh Olympic Ass(Kiation. and acros5 the Tibel movement in mid-December and followed by an online launch event in January. The severity of the situation in Drago County (see 'Researth' section} 0)m[lled Tibet Watch to write a briefing aimed at UN special experts. which was cOMeted in February 2022. From the UN briefing, the team has been working on an expanded port that indudes further new findings and incorporates satellite images, dron8 footage and details acquired by Speaing to fibetan sourc¥s in exile that are connected to the county. Throughout the financial year. each of the ne4¥ Stories was cross4thed(ed for accuracy Vth o)mmunication in Tibetsn 8nd English amongst the 8ntirn team, and rBsearch8d for )ntext using open4ourc8 infomiation wherever needed. c. Advocacy Tibeys Climate Crisis.. The Need for t Rightsased Approath- vras used as the basls for atsocacy wth govemmenl offi¢ials and climate experts at COP26 in Glasgow. Further details are in the 'Public Outreach. section. In February 2022. Ihe Senior Researcher and Free Tibefs Campaigns Policy and Research Manager carriad out advocacy UN speaal procedures in Geneva. using Ihe Drago County briefing mentioned above lo raise vlolations of cuKural and relvjious rights in Tibet The racommendatlons of th8 reFQrt were also shared several MPS sympathetic to Tibet, leading to statement on Drago County by Navendu Mishra MP in March during a debate on the UK'S foreign relations. News stories from fibet wore shared regularty *rylh the Cn)ss Paty Group for Tib8t al the Scottish Partiament by the Senior Researcher. Anaty5is of Chinese expansion into the LrderS of ils neighbouring rx)untries was also provided during one of the meetings which were noted wth seriousness. Page 5
TIBET WATCH (A Company Limited by Guarantee)
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022
Achievements and performance (continued)
d. Public Outreach
Tibet Watch benefits from a Senior Researcher who has a strong track record of environmental research. This has enabled Tibet Watch to raise Tibet at a range of environmental conferences during the financial year, highlighting its status as being at the frontline in the global climate crisis and also how the Chinese occupation of Tibet exacerbates this crisis. This work has been invaluable in reaching new audiences including climate groups, to which we have been trying to reach out, given the important intersection between climate justice and repression of people such as Tibetans.
A key example was an event organised by the Office of Tibet, which was hosted at the Royal Geographical Society in London in June 2021, entitled "The Tibetan Plateau: Addressing the Third Pole Climate Crisis". The event was broadcasted online and had worldwide participation, with in-person and virtual speakers and an audience. Major contributions from academics, environmentalists and human rights specialists, as well as Kerry McCarthy, MP, and member of the All-Party Parliamentary Group for Tibet in the UK Parliament, meant the event had widespread reach. The Special Appointee for Human Rights at Tibet Office, Geneva, also spoke. Tibet Watch's Senior Researcher addressed the conference on day one and used the platform to highlight historical flaws of Chinese policies in Tibet and its ongoing rhetoric of building an ecological civilisation.
Between 31 October and 12 November 2021, the United Nations held its 26th climate change conference, known as COP26. Its location in Glasgow allowed Tibet Watch to collaborate with Free Tibet, other partners and the Tibetan community to meet with journalists, climate activists, policymakers and politicians. The main activity was in the Blue Zone, where Tibet Watch's Senior Researcher and the other delegates carried out several days of advocacy work, speaking to policymakers and presenting them with a jointly written climate briefing. She also raised Tibet at events that were open to the public.
The delegates also directed people in the Blue Zone towards two-panel events dedicated to Tibet. The Senior Researcher was a panellist for one of these events, on 4 November, where she spoke about the intersection of colonialism and climate change in Tibet.
Both of the events were streamed online, while the event on the 4th was fully booked and also attended by members from The Red Rebels.
The formal lobbying was accompanied by a large and prominent Tibetan presence at the People's March on 5 November and the Network Global Day of Action for Climate Justice on 6 November. We used these marches as an opportunity to reach journalists, other climate activists and the public, distributing leaflets with key points about the climate crisis in Tibet and handheld Tibetan flags. Two large banners, highlighting the Tibetan climate crisis and carried by Tibetans, were displayed prominently during the march, including at the front of the march on 6 November for most of its duration.
COP26 was followed by a speaking tour at several universities: the University of Oxford, the University of Westminster and the University of East Anglia, where the Senior Researcher spoke about China's rhetoric of ecological civilisation and its decades of unsustainable policies. At the request of Dr Olivier Springate, Associate Professor of the School of International Development, she also gave a lecture to the students at East Anglia about the traditional fuel economy of nomadic pastoralism.
The Senior Researcher also gave a presentation to the Tibetan Youth in the UK titled 'Poverty, Protest, and Prison: A Case Study of Oza Wonpo'. Using photos received at Tibet Watch, she gave a visual story presentation of life of teenagers of their age in Oza Wonpo, Tibet. The audience engaged with questions and comments during which she brought to the forefront the importance of remembering their own narrative of struggle.
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TIBEf WATCH IA Company Umlt•d by Guarant••) TrUSTEES' REPORT (coKnNUED) FOR THE YEAR ENDED 31 MARCH 2022 Flnancw r•view The trustees hold roseNes in order to pruderfy manag8 th8 dwfws finances and Sup[ ts futu devobpment. In recent year5 the tharity has endeavoured to build up an operational reserve, bthidi hag been achi8ved arml the wjreed sum vrds alao maintsined durlw 2021.2022. b. Inv•stment Pollcy The trustees inve8t a porlion of mbet Watth's nel r886Tres In short dated UK govemmont bonds vthich provlde the kThwe$l poswble rlsk of kxs.Th8 balar oflunds is kept on deposrl al UK banks. . Constltutlon Tib8t Watth is a npanY limited by guararrt88 vlth no share Iwital, govemed by a Trust Deed made in 2006 and its MemorarKlum Arb"cles of A$Kaa"On dated 301h Januwy 2fTh. ft is a registered tharity with the Charity Commi1. charity regi¥tro1ion nuth is 1114404. b. Truste• S8l•ctlon rib8t Watch is gov•rMd by a Bowd of T1088 member8 are elected as tha ftd arises. Th8 Trustees have served the year ore set (xjt 8bty4e. Trustees we sought from amorvJ Ilvjse lK) ha in4epth krrfy of Tibet eilher through their paid employment or hawng been active in a Tibet related NGO for several arS with a prefence for those with professional experts'se in research and inf0mtiOn proc8s6ing or otrw levant 8xp6rienGe eg publishlng. legal, human nghts, ¢. ¢. Inductlon •nd Tralnlng of TN•t• New tNstees are provided V•ith wpi&s of the Memorandum and Arlicles. together the current strategy. recent bi4nnual reports and any recent thematic or gdvocacy reports. They wll alK receive a per80nal briefing from the Director of Tibet Watch and the Chair of the Board of Trusiees. d. OryanlalloMI Stru¢tyrn The Board of Trustees administors Ihe charity and bi-annualty. Resps11 for d8y4trday management of the tharity hos been delegated to the Dlrector appointed by the trustees. The Director h&ry delegated authorrty, thIn tems approved by the trustees, for all operational rnatte. irKluding finance. •. Relat Party R•latiN The charity has a close working r¢lalionship wilh Free Tibet. uses the evideno and an15 secured by Tibet Watth to inforn and shape its campaigrn and to disseminate 8c£urate and o)rrot#)rated information and analysis on Tibet to the intemational media. Page 7
TIBET WATCH IA Comp•ny Lknlt•d by C1 TRUSTEE3' REPORT (CONTINUEDI FOR THE YEAR ENDED 31 MARCH 2022 StTU¢tur•i gov•rnanc• and mwwg•m•nt (contlnw f. Rl¥k manag•m•nl The Intst688 m81ntain an oTSht of tho rl$k$ lo thi¢ the Chorlty might be oxpo•gd. indudiNJ rfsks rg18tod to OP8rations as wdl as to tho Charitls financial posrtk)n and reputatKm. In proparing th1$ report, the tru5te8s have tsk8n athontage of Iho Small companles •xempt'ons rKovided by soction 415A of the Companles Act 2. Po#t •h••t •v•nts The truste hove c4Msklwed Impad ofth• COVILk19 pandemlc on the charity as 8 going o)ncem 8nd have tsken slep8 to miti'gate the Impact of lh8 pandomic. Step5 laken Indude S¥4itthing lo homg working for the majorlty of staff, minimising ts'me in the offir and reduang the 5tse of our office to reduGe costs. GNen Ih•86 8teps, the trustees conskler that the impact of the pandemic 11 affect the charty as 8 golw o)ncem. 8tat•m•nt of tru•t•' r••poMlblllll•• Th8 trusleas are al80 tho dlrector• of tho Charity for the purpo of company lawl are rospMslble lor preparing the Trustees. Report and the fin8n(aal statements in a(xyJrdanc• with 8ppIMxbl8 Law and Unltsd lQngdom Aco)unting Standards {Unlted Klngdom Ggngrally Accepted ACCnting Prath'c•). Company law roqulr•s the tr188$ to propare finandal Slaternnts for each finanGial yar. Undor comp8ny1gW. tha trustee8 mutsl not opprove tha fln8n¢i•l statements unless are satiSfd that they 91 a truo and falr vi6w of t stat8 of affairs ol the tharlty and of it8 incomiThJ resources and 8pplicatkffi ol r880urce8, includlng K8 ncom8 arKI expeThdituro, for Ih•t p•rkwJ. In prepgring thue finN¥Jab statements. th• tru•tees arn rnquir•d to.. s•lecl surtabl8 accounting pdkr'os then apply c1)n31enty. ob8er¥e the methods and wlncaplgs of the Charities SORP {FRS 102),. make Irn0nts afKI a(X%)br1J est'm8tss Ihat are rnaKrfwbl8 and pnJden( state whelher appllcablo UK Accounting Stsndard8 (FRS 102) havo boon follond. $ubleGt to any matertal d6partur0s dlsdosod 0Xpined in the financial sthlents.' propore the flnandal statements the golng cnCern bas unl888 bt18 Inappropriate to prasume that th8 chgrfty wlll Continu• In IxBin686. Th8 truslo8s are rniponsible for koepiThJ adequate ac(n{la records that are Iuffldont io and explain the chartvs transactions and di8()80 with reasonaNe acraCY at any time the financlal w)sitlon of the charlty and enable Ihem to ensure Ihat the financial 8tstements (XpIY with the Companies Act 2006. Try are 8Fso responslble for safeguarding the assets of Iho thanty èrKI for t8kiNJ rea4onablé st8ps for tho prevenuon and det81ion of fraud and ottw Irre9arIaS. Arproved by order of the members ofthe Bogrd of truBtfjes and 8ryn&l (Y¢ Iheir behaff ty. O Russ•ll Dale: y g,-J,, 4•22 Page 8
TIB YIATCH (A Company Umltfjd by Guarant•o) INDEPENDEirf EXAMINER'S REPORT FOR THE YEAR ENDED 31 MARCH 2022 Indendent Examlnefs Report to th¢ Trustees of Tlbet Watch fthe charf I report to the charity trustees on my eNAmination ol the acctyjnts of the carity for th& ar ended 31 March 2022. ResponslbllltlOB and Basls of Rewt As the Iruslees of the charity land its direclors for the purposes of company law) YDU are responsible for the prgparalion of the accounts in actordan¢e with the requirements of the Companies Act 2006 Ilhe 2006 Acfl. Havlng satisfied myself that Ihe accounts of the charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination. I r9POrt in respect of my examination of the charitys accounts carried out under sectbon 145 of the Chantie5 Aci 2011 (Yhe 2011 ACVI. In caing OLrt my examination I have followed the Directions given by the Charity Commi55ion under section 145(5Xb) of 2011 Act. IndOndent Examlnorfs 3tat•m I have completed my examination. I nrni that no matters have come to my attentv)n in g)nnection with tho examinath.on giwng me uSe to believe: accounting records were Mt kept in respect of the ctharity as required by section 386 of the 2006 Act,. or the accounts do not accord wtth those rernrds.. LY the acts)unts do not comply with the acuunting requirements of section 396 of the 2006 Act other than any requirement that the aco)unts gNe a Irue and fair wew whith is not a matter considered as part of an independent examination: or the accounts have not teen prepared in aCrdan Tmth the methods and princ4ples of the Ststement of Recommended Practice for aountIng and reporting by charib'es lapplicable to charities preparing thr accounts in acrdanCe wth the Finar101 Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)]. I have no concems arml ha ex)me across no other matter5 in ¢>Jnnecon the examinatlon lo which attention should be drawn in this report in order to enable a proper understanding of the accounts lo be reached. This report is m8de solety to the tharitys trustees, as a tr•)dy, in aC0)rdan Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertak6n so that I might stste to the chadws trustees those matters l am required to stste to them in an Independent Examinerfs Rewrt and for no other purpose. To tho fullest exlent pemiitted by law. I do not aept or assume responsibilty to anyone other than Ihe tharity and the charitys trustees as a body. for my work or for this report. Stgned.. Sarah Johnson ACA Glbson Appleby Chartered Accountants Page 9
TIBET WATCH
(A Company Limited by Guarantee)
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2022
| Note Income from: Donations and legacies 3 Investments 6 Other income 7 Total income Expenditure on: Raising funds 8 Charitable activities: Outreach & engagement Advocacy & monitoring Wages and salaries Payment to consultant researchers Other costs Governance Other charitable activities Total expenditure Net movement in funds Reconciliation of funds: Total funds brought forard Total funds carried forard |
Unrestricted funds 2022 £ 71,917 225 7,398 79,540 24,265 479 4,153 34,152 15,080 12,039 1,260 9,893 101,321 (21,781) 180,522 158,741 |
Restricted Total funds funds 2022 2022 £ £ 77,700 149,617 225 7,398 77,700 157,240 24,265 479 27,168 31,321 29,200 63,352 15,080 12,039 1,260 9,893 56,368 157,689 21,332 (449) 3,150 183,672 24,482 183,223 |
Total funds 2021 £ 98,670 235 11,322 110,227 12,455 413 20,501 38,594 14,796 12,555 1,482 4,224 105,020 5,207 178,465 183,672 |
|---|---|---|---|
The Statement of Financial Activities includes all gains and losses recognised in the year.
The notes on pages 12 to 18 form part of these financial statements.
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TIBEf WATCH (A Company Llmlt•d by Guarant•0 REGISTERED NUMBER: 05692043 BALANCE SHEEr AS AT 31 IAARCH 2022 2022 2021 Currnnt ¥$s•ts Debtors Investments Cash ot bonk 8fKI In hand 13 14 $71 96,932 92,214 196M27 191.723 Cred[to.. anUnts f8lllr¥J due ill¥n ( 15 (13.704) f&051) N•t curr•nt ••••t• 183,223 183,672 Total net us•ts 181223 183,672 Charlty funds Rgstricted funds Unreslrided funds 24482 158,741 3.150 180.522 Total funds 183.223 183.672 Thè was entill8d to 6xomptm from a111 under $tIon 4T1 of th8 Comp8ni8s Act 2006. Thè members have not roqulred the MpanY to obtsln an audit for the >tar in questlon in accordance sectlon 476 of Companles A£t M)6. The Irustees acknowledge the4r reSpObil1eS for requirements of the Act ith respeca to ac(x)unting re{rdS and weparallon of finarKial statements. The firnCIal statements haT& been wepared in a¢¢c¥darKe ith the applirable to enbtses subject to Ihe 5rn811 c[nb85 regin. The financaal statements Yre approved autlvxised for Is$ by the trustees and S49r on tholr b8half by. D Ru••ll Date: 6 0 209 The notes on pages 12 to 18 fomi part ofthese finwKial slatements. Page 11
TIBET WATCH IA Company Umll•d by Guarantse) NOTES TO THE FINANCIAL STATEMEpirs FOR THE YEAR ENDED 31 MARCH 2022 Tibgt Watch is a company limited by guaranleo in ErvJland and Wal88. The memb8rs of the cfjmpany are the Trustees as named on ptyo 1. In the of the c(rywy bw'ry up. the Iwbimy in r6spèc of the guarnntee ts limited to £1 per member of tho rymnpany. A¢¢ountlnq poll¢l•• The finanual statements have been prepared in vmh the Charities SORP IFRS 1021 . Accounting and RewrbThJ by Charit. Statement of ReLa)mmend8d Prc¥ appli(¥blg to tharibgs preparing their accounts in aox)rdanc8 the Financgal Rer)rtirvJ Stsndard applicae in the UK and RepU•C ol Ireland IFRS 102) (offodive 1 January 2019). tho Finanaal ReF'ng Standard 8pplicalJe in the UK and Republic ol Ireland (FRS 102) and the Companies Act 2006. Tibet Watr meets Ihe d8finilion of a publk benefft entity undar FRS 102. Assots and liabilrties are ibalty rectgnised at hisiorid cost or transadion valug un1è5S Otherwise stsled in the relevant 12 Inm0 l inrne is recognised on(% the (tharfty has entillot to the income. it is wobable that the income V11 k recelvod Jnd the amount of inc#)me r•caivabl8 ba m&asurod reliabty. For leg8ca'es, entiuemwt t5 taken as the eartier of the dat8 on vthich erther.. the o)mpany is aware that probate has ten granted. the ostats has been finali58d and notification has bean mad8 by the execLrtor(s) to the Trust that a distributi<)n will be mad8. or when a distribution is received from the estate. R&pt of a legacy. in or in pwL is only (X>Sidw pr(tht4e the amount be measured reliabty and the company has been n¢)bfied of the exeartorfs intention to make a distribution. Where 18ga(aes have been tified to thg )mPanY. or the company is aware of the granting of probate. and the ¢Jitena for income reccwanition not been met. legacy 18 treated as a contingent ass8t and disclosed rf mat8rial. Ck)nated servi¢8 and faciliti6s are rncognised Mthen the rnmpany has control over the rtem, any conditions asscK3abJ wilh the donated ilam have met. and the receipt of ewnomic benefit from the use of the company ilem is tvobable and that the 8&%Mi¢ beneffit In be measured reliably. In actt)rdan¢¢ ith the Charities SORP IFRS 102). the ge81 volunteer time of the frid5 Ls r1 racognised and refer to tha Tntsto&s' repcyt for morn infom)8t*)n aimxrt their CAintribution. Income lax relable in relation to donations TOl¥8d under Grft AKI or deeds of enaTrt Is recognised at the tim8 of the donats'on. Income lax r9coYwe in relakn to Inc%n 18 rwni98d at tlme the investrnènl Other income L8 rwnksed In lh8 pwlod in it Is I1¥ and to th? extent the gd5 have Pag8 12
TIBET WATCH
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
2. Accounting policies (continued)
2.3 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably.
Governance costs are those incurred in connection with administration of the company and compliance with constitutional and statutory requirements.
Costs of generating funds are costs incurred in attracting voluntary income, and those incurred in trading activities that raise funds.
Charitable activities and Governance costs are costs incurred on the company's operations. including support costs and costs relating to governance of the company apportioned to charitable activities.
The charity is not registered for VAT. Accordingly, where applicable, all expenditure is inclusive of VAT.
2.4 Government grants
Government grants relating to tangible fixed assets are treated as deferred income and released to the Statement of Financial Activities over the expected useful lives of the assets concerned. Other grants are credited to the Statement of Financial Activities as the related expenditure is incurred.
2.5 Interest receivable
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited.
2.6 Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the company and which have not been designated for other purposes.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.
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TIBWATCH (A Company Umlled by Guarantee) NOTES TO THE FINANCIAL sTATEME1s FOR THE YEAR ENDED 31 MARCH 2022 Income from donatlons and Iw¢les Unrestrfcted Restrlcted funds funds 2022 2022 Total funds 2022 Donations and legaeies Legacy and In-memory Grants from trusts and found3n5 Govemment grants 54.860 10.812 54.860 10.812 83.700 245 77.700 245 71.917 77.700 149,617 UnS¢n.¢ted funds 2021 Restrided funds 2021 Tot81 fvnds 2021 Donations 67,715 67,715 760 Legac4es Grants Govemment grants 20,114 29.114 1,081 1,081 78,556 20,114 98.670 Donatlons & legaclos 2022 2021 CAF & others Regular giwng Donations in knnd Tibel Match (exdudiThJ grfis & grants) General donations 2.588 947 9,$94 20,011 21.719 2,68T 552 21,039 73,105 30.332 54.859 67.715 Donations in klnd r8PTesent the cost of staff time and related overheads donated by Free Tibet Campaign, a company limited by guarantee. The value of staff time and overheads has been calculated and reflected both as donat¥)ns in kind and direct chaiitable expenditure. Page 14
TIBEf WATCH (A Company Umlt•d by Guarants•) NOTES TO THE FINANCIAL STATEMEKrs FOR THE YEAR ENDED 31 MARCH 2022 2022 2021 Sumn6r foundatkjn 8arboro & Donni8 Wèedon Chadtst46 Tru8t The Laigh Trust The Samuel Storny Famlty Charltablo Trt NED 3.000 3.000 77,700 20,114 83,700 29,114 Inv••tm•nt Incom• TtX•l fvnds 2022 fund• 2022 funds 2021 Bank Int8re8t fec•lvabb• 225 225 235 Total funds 2022 Tot81 fund$ 2021 nd• 2022 Gift AID 7.398 11.322 Page 15
TIBEf WATCH (A Company Umllod by Guarant••l NOTES TO THE FINANCIAL STATEMEP FOR THE YEAR ENDED 31 IAARCH 2022 Co•t• rnl•lng voluntsry Inc4Mn• Total funds 2022 Tolal fvnds 2021 funds 2022 mbet Match FurKlrai8iry sts Fundrnryiry salary 392 392 622 23.251 437 779 11,239 23251 24.265 24,265 12,455 2022 Fees payable to the chartvs irthFentsnt examirnr for the indepeThlent examination of the charitys anw81 accounts 10. Staff co8t• 2022 2021 Wag6s and salari88 Ind1] th)nath in kiThl 89.083 48,753 The 8verag8 numLw of 8mph4•d bythe rt11ty duiirvJ the was as follchvg: 2022 No. 2021 No. Part41mo ernpkn P0 18
T18Ef WATCH IA Company Lknlt•d by Guar¥ntsg> NOTES TO THE FINANCIAL STATEMENT8 FOR ThE YEAR ENDED 31 IAARCH 2022 St•ff ¢¢ts (eontlnu•d) No employee received rnmunoration amounting to m(Ke than £60.IXWJ in eithar ywr. In additi'on to diraclty Contra emtAoJw8. Tibet Walth relies on stsff time dwated by Free Tibet Campaign. OurlTrJ the year. trust60s re¢elved any Yemuneration or other bengfits (2021 . £NIU. Durlng the yEar ended 31 Marth 2022. M) trLMt•e expwses have been incurr8d (2021 . £NIL). 12. T•x•ll ribet Watch is a registwèd tharty aThJ is tthnllalty exempt from tax811on in re$rt of in(xJme and capital goin$ TO1Ved wthin tagoneS o)vered by Str.0n 505 of Ihe Taxes Act 1988 or Soction 256 of the Taxation of Chargeable Gaim Act 1992, to the extent that suth inrne or galns a applied exclusively to chantae purposes. 13. 2021 Du• wlthln on• y•ar PrepayTnents and ac1 income 1& Curr•nt Ms•t Investm•nts 2022 2021 Treasury Gilt8 9gA25 99,510 15. Cr•dltorn: Amounts falllng *thln one y•ar 2022 2021 0th8r credit 12,204 851 7,2(10 13,704 8,051 Pag8 17
TIBET WATCH (A Company Umlt•d by Guar*nts•l NOTES TO THE FINANCIAL STATEMEpTf8 FOR ThE YEAR ENDED 31 MARCH 2022 16. R•lat•d party hn••cth Two of tt18 Trustees of Tib81 Watch are also directors ol Free Tibet Campaign. Free Tlbgt provide$ administrative and management staff timo as 8 donation. At the >par oThJ fibet Wal¢h owed Free Tlbet Campaign £7.447 (2021: £1.736). Th• valu8 of 8taff timo overt• h88 b8en (xkyjlated arKI rellected in finandal ¥talemenls as don•lions in klr¥J 8nd dlTe¢t chathblo oxpondtturn 48 Indlcatèd b81¢x. 2022 2021 Staff o)sts 5,928 12,174 8.865 9.$94 21.039 Page 18