CHARITY COMMISSION FOR ENGLAND AND WALES Independent examinerfs report on the accounts Section A Independent Examiner's Report Report lo the trusteesl members of RIGUL TRUST On accounts for the year ended 31ST MARCH 2021 Charlty no {If any) 1124076 Set out on pag08 I report to the trustees on my examination of the accounts of the above chanty (kne Twst.) for the ar erKled 3110W2021. Respon8lbllltl¢8 and ba818 of roport As the charWs trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charrties Ad 2011 (Ihe Acn. I report in respect of my examination of the Tnjst's accounts carried out under section 145 of the 2011 A(1 and in carrying out my examination, I have followed all the applicab Directions given by the Charty Commission urKler section 145(5)(b) of the Act Indepondent I have completed my examination. I confimi that no material matters have axamln•r'8 Statement come to my attention in connection wtth the examnation *fii¢h gives me cause to believe that in, any material res.. the acc¥)unting records were rK)t kept In accordance with section 130 of the Charities Act: or the aco)unts did not accord with the accounting records., or the ac(x)unts did not comply with the applicable requirements concoming the fom and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts gNe a Irue and fairf view vthich is not a matter considered as part of an independent examination. I have no concems aThJ have Come across no other matter8 in connection with the examinatK)n to which attentffi should be drawn in this r8POrt in order to enable a prOr understanding of the accounts to be reached. 8lgn6d: Dats: 0710712021 Name: ABIGAIL LANGRIDGE Relevant professlonal quallficallon(sl or body (If anyl: FCCA Address: 17 THE RIDINGS BURGESS HILL VEST SUSSEX. RH15 OLW
| Charity Name | Charity Name | Charity Name | Charity Name | Charity Name | No(if any) | No(if any) | CC16a | ||
|---|---|---|---|---|---|---|---|---|---|
| RIGUL TRUST | 1124076 | ||||||||
| Receipts andpayments accounts | |||||||||
| For the period from |
Period start date | To | Period end date | ||||||
| 1/4/20 | 31/3/21 | ||||||||
| Section A Receipts and payments | |||||||||
| Unrestricted funds |
Restricted funds | Endowment funds |
Total funds | Last year | |||||
| to the nearest £ | to the nearest £ | to the nearest £ | to the nearest £ | to the nearest £ | |||||
| A1 Receipts | |||||||||
| Voluntaryreceipts | 24,190 | - | - | 24,190 | 57,255 | ||||
| Fundraisingactivities | 1,160 | - | - | 1,160 | 3,881 | ||||
| Sales | 687 | - | - | 687 | 244 | ||||
| Investments | 111 | - | - | 111 | 134 | ||||
| Gift Aid receipts | 4,871 | - | - | 4,871 | 3,114 | ||||
| - 0 | - | - | - | - | |||||
| - 0 | - | - | - | - | |||||
| - 0 | - | - | - | - | |||||
| Sub total_(Gross income for AR) _ | 31,019 |
- | - | 31,019 | 64,629 | ||||
| A2 Asset and investment sales, (see table). |
|||||||||
| - 0 | - 0 | - 0 | - | ||||||
| - 0 | - 0 | - 0 | - | - 0 | |||||
| Sub total | - 0 |
- 0 | - 0 | - | - 0 | ||||
| **Total receipts ** | 31,019 |
- 0 | - 0 | 31,019 | 64,629 | ||||
| A3 Payments | |||||||||
| Fund raising costs | - 0 | - | - | - | - | ||||
| Charitable activities costs | 35,866 | 14,441 | - | 50,307 | 40,780 | ||||
| Governance costs | 389 | - | - | 389 | 1,457 | ||||
| Transaction costs | 47 | 156 | - | 203 | 77 | ||||
| - 0 | - | - | - | - | |||||
| - 0 | - | - | - | - | |||||
| - 0 | - | - | - | - | |||||
| - 0 | - | - | - | - | |||||
| - 0 | - | - | - | - | |||||
| **Sub total ** | 36,302 |
14,597 | - | 50,898 | 42,314 | ||||
| A4 Asset and investment purchases,(see table) |
|||||||||
| - 0 | - 0 | - 0 | - | ||||||
| - 0 | - 0 | - 0 | - | ||||||
| **Sub total ** | -0 |
-0 | -0 | - | - 0 | ||||
| **Totalpayments ** | 36,302 |
14,597 | - 0 | 50,898 | 42,314 | ||||
| **Net of receipts/(payments) ** | - 5,283 |
- 14,597 |
- | - 19,880 |
22,315 | ||||
| A5 Transfers between funds | - 44 |
44 | - | - | - | ||||
| A6 Cash funds lastyear end | 131,401 | 28,925 | - | 160,326 | 138,011 | ||||
| **Cash funds thisyear end ** | 126,073 |
14,373 | - | 140,446 | 160,326 | ||||
| Section B Statement of assets and liabilities at the end of the period | |||||||||
| Categories | Details | Unrestricted funds |
Restricted funds | Endowment funds |
|||||
| to nearest £ | to nearest £ | to nearest £ | |||||||
| B1 Cash funds | 126,073 | 14,373 | - | ||||||
| - | - | - | |||||||
| - | - | - |
| - 0 | - 0 | - 0 | - | ||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| - 0 | - 0 | - 0 | - | ||||||||||||||||
| **Sub total ** | -0 | -0 | -0 | - | - 0 | ||||||||||||||
| **Totalpayments ** | 36,302 | 14,597 | - 0 | 50,898 | 42,314 | ||||||||||||||
| **Net of receipts/(payments) ** | - | 5,283 | - | 14,597 | - | - | 19,880 | 22,315 | |||||||||||
| A5 Transfers between funds | - | 44 | 44 | - | - | - | |||||||||||||
| A6 Cash funds lastyear end | 131,401 | 28,925 | - | 160,326 | 138,011 | ||||||||||||||
| **Cash funds thisyear end ** | 126,073 | 14,373 | - | 140,446 | 160,326 | ||||||||||||||
| Section B Statement of assets | and liabilities | at the | end of the period | ||||||||||||||||
| Unrestricted | Restricted funds | Endowment | |||||||||||||||||
| Categories | Details | funds | funds | ||||||||||||||||
| to nearest £ | to nearest £ | to nearest £ | |||||||||||||||||
| B1 Cash funds | 126,073 | 14,373 | - | ||||||||||||||||
| - | - | - | |||||||||||||||||
| - | - | - |
CCXX R1 accounts (SS)
13/03/2021
1
| Total cash funds | Total cash funds | Total cash funds | 126,073 | 14,373 | 14,373 | - | |||
|---|---|---|---|---|---|---|---|---|---|
| (agree balances with receipts and payments account(s)) |
OK | OK | |||||||
| Unrestricted funds |
Restricted funds | Endowment funds |
|||||||
| Details | to nearest £ | to nearest £ | to nearest £ | ||||||
| B2 Other monetary assets | - | - | - | ||||||
| - | - | - | |||||||
| - | - | - | |||||||
| - | - | - | |||||||
| - | - | - | |||||||
| - | - | - | |||||||
| Details | Fund to which asset belongs |
Cost (optional) | Current value (optional) |
||||||
| B3 Investment assets | - | - | |||||||
| - | - | ||||||||
| - | - | ||||||||
| - | - | ||||||||
| - | - | ||||||||
| Details | Fund to which asset belongs |
Cost (optional) | Current value (optional) |
||||||
| B4 Assets retained for the charity’s own use |
- | - | |||||||
| - | - | ||||||||
| - | - | ||||||||
| - | - | ||||||||
| - | - | ||||||||
| - | - | ||||||||
| - | - | ||||||||
| - | - | ||||||||
| - | - | ||||||||
| Details | Fund to which liability relates |
Amount due (optional) |
When due (optional) |
||||||
| B5 Liabilities | - | ||||||||
| - | |||||||||
| - | |||||||||
| - | |||||||||
| - | |||||||||
| Signed by one or two trustees on behalf of all the trustees |
Signature | Print Name | Date of approval | ||||||
| J.J.WILSHAW | 2nd May 2021 | ||||||||
CCXX R2 accounts (SS)
13/03/2021
2
CHARITY COMMIS510N FOR ENGLAND AND WALES Trustees, Annual Report for the period From 1st April 2020 Period end date Porlod start date To 31 st March 2021 Charlty name: Rigul Trust Chartty rogistration number: 1124076 Objectives and Activities The relÉef of Vety and finanaal hardship. the advancement of education. the advancement of religion and the rdief of sickness and the [eSerVath and proteckn of g¢xxl Tr1th, ill particular but not exdusively in Rigul: Kham: Tibet, as the trustees may decide. Summary of the purposes of the charity as set out in its governing document Pw3 1.17 The relief of poverty and financial hardship. the advancetnent of eElucation, Ihe advancement of relvjion and the relief of sickness and the preservation and prote¢tion of gcK)d health, in partiujlar but not exdusively in Rigul. Kham, Tibet , as the twstees may decsde. Surnmary ofthe main activities in relats'on to Ihose purposes for the public benefit, in particular, the activities, projects or services identified in the accounts. P8 1.17 8fJ 1.19 During this ffin8nc4al year a total amount of £36.000 was sent to Rigul, th8 target arnount of £360(K) for the Gurrent year.This amounl covers the annual running (x)sts for all the projects the Trnst is cornmiited to funding. In addition, £143(.56 was sent from Stricted funds to Ihe restricted fund projects the funds were prevh)usty rai5&Y for. Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit Pard 1.18 The trustee5 h8ve shown regard to the charity (¥mmissiDn guidan on putAic inefit. Addltlonal infgmiatlon lonal The trustees agreed to focus solely on the e55enlial core ftjnding during this year in the ght of the paThYemic. Par3 1.38 Policy on grant making
Pwa 1.38 Policy on social investment including program related investment Pw8 1.38 Contribution made by volunteers Volunteers. fundraBers and donors continue to supwrt the work of the Rigul Trust and the Trustees w¢AJ like lo thank Ihern. Without their generc6ty and constant SUPFX)rt none of our endeavours would be possible. The Trust Jedges that 1 tK)°/¢ of (Jonations receNed goes to the people of Rigul. All administration and proffiotional costs a met by a separate fund contribuled to by volunteers and the operation of the Tnjst is carried out on a purely vdunlary basis with no salaries taken. Other You may choose to include fvrther stalemenls where relevant about.. The Trustees also agreed this year not to adiv8 raise publ aWanesS ol the Trust in the light of the hardship created for many by the pandem. In addition. the Trusl have held reserves in hand tii order lo be ae to maintain their cornmitment to the obJ"ectNes of the Trust. Summary ofthe main achievements of the chanty. identifying the differen the charity's work has made lo the cirCumstanS of its beneficiaries and any wider benefits k) 50¢iety as a whole. Para 1.20 Achievements and Performance
CHARITY COMMIS510N FOR ENGLAND AND WALES Trustees, Annual Report for the period From 1st April 2020 Period end date Porlod start date To 31 st March 2021 Charlty name: Rigul Trust Chartty rogistration number: 1124076 Objectives and Activities The relÉef of Vety and finanaal hardship. the advancement of education. the advancement of religion and the rdief of sickness and the [eSerVath and proteckn of g¢xxl Tr1th, ill particular but not exdusively in Rigul: Kham: Tibet, as the trustees may decide. Summary of the purposes of the charity as set out in its governing document Pw3 1.17 The relief of poverty and financial hardship. the advancetnent of eElucation, Ihe advancement of relvjion and the relief of sickness and the preservation and prote¢tion of gcK)d health, in partiujlar but not exdusively in Rigul. Kham, Tibet , as the twstees may decsde. Surnmary ofthe main activities in relats'on to Ihose purposes for the public benefit, in particular, the activities, projects or services identified in the accounts. P8 1.17 8fJ 1.19 During this ffin8nc4al year a total amount of £36.000 was sent to Rigul, th8 target arnount of £360(K) for the Gurrent year.This amounl covers the annual running (x)sts for all the projects the Trnst is cornmiited to funding. In addition, £143(.56 was sent from Stricted funds to Ihe restricted fund projects the funds were prevh)usty rai5&Y for. Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit Pard 1.18 The trustee5 h8ve shown regard to the charity (¥mmissiDn guidan on putAic inefit. Addltlonal infgmiatlon lonal The trustees agreed to focus solely on the e55enlial core ftjnding during this year in the ght of the paThYemic. Par3 1.38 Policy on grant making
Pwa 1.38 Policy on social investment including program related investment Pw8 1.38 Contribution made by volunteers Volunteers. fundraBers and donors continue to supwrt the work of the Rigul Trust and the Trustees w¢AJ like lo thank Ihern. Without their generc6ty and constant SUPFX)rt none of our endeavours would be possible. The Trust Jedges that 1 tK)°/¢ of (Jonations receNed goes to the people of Rigul. All administration and proffiotional costs a met by a separate fund contribuled to by volunteers and the operation of the Tnjst is carried out on a purely vdunlary basis with no salaries taken. Other You may choose to include fvrther stalemenls where relevant about.. The Trustees also agreed this year not to adiv8 raise publ aWanesS ol the Trust in the light of the hardship created for many by the pandem. In addition. the Trusl have held reserves in hand tii order lo be ae to maintain their cornmitment to the obJ"ectNes of the Trust. Summary ofthe main achievements of the chanty. identifying the differen the charity's work has made lo the cirCumstanS of its beneficiaries and any wider benefits k) 50¢iety as a whole. Para 1.20 Achievements and Performance
Additional infomiatlon (optional) You ma choose to includè further statements where relevant about: With the ongoing 5UPPOrt of our Pat¥on and our Founder, any funds raised are solely for the benefft of the people of Rigul by supporting thè annual costs of the school and the health clinic. Thks sItuatn remains the same. Pwa 1.41 Achievements against objectives set Our (xmnmitment to continue to send grants to the school, monastery 8nd health clinic in Rigul. which are Iwly 0[ to all residents of Rigul and other nearby villages. This enable5 the population of RigLtI lo acce&8 educ2tion and heallh care in this remote region of China which otheiSe. W(KJkY noi have. Immediate and Ic¢al access to these serwc8S. Transf8r of funds to China has been consistènt throughout this finanGial year and the annual t8rget amount (A £36.000 has been transf$rr8d successfijlty. However tre funds raised have been redu(*d and. as stated above. il was deuded not to activety raise fvnds throughout this year. Performan of fundraising activitie5 against objectives set Para 1.41 Investment perfomance against objectives Paa 1.41 £14.306.56 has been disiribuled from re5triGted fvnds to appropriate destill8tions and we are currently {now in the 2021122 financial yearl (x)nhnuing distribution of the remaindgr of these. fvnds. Other
Financial Review Review of the charity'5 rinancial position at the end of Ihe penod P¥a 1.21 The Trust ojrrently holds just under 3.5 years of fvnding for the current o)mmitment to the projgcts in Rigul. Statement explaining the policy for holding reserves ststing why they are held Para 1.72 The Trusl aims to maintain a reserve of three years funding to ensure its futur8 cornmitments in the short to medium terrn can be met AmoLtnt of reserves held Para 1.22 £140.445.7 Rea50S for holding zerD reserves Para 122 Details of fund materially in deficit P£r8 1.24 Explanation of any uncertainties about the charity ntInuing as a going COnM P¥d1Zd Addltlonal Inforniat¥on {optionall You ma choose to include further stateffnts where relevant aboLrt: The charity's principal sources of ftjnds (including any fundraising) Para 1.47 Investment policy arK objectives including any social investment policy adopted Para 1.46 We have had difficulties this year in transferring money for the Sowa Rigpa restricted fund proiecl. We initially tried the conventional bank to bank route from our account without success, then from our Paypal account which also failed, so finally the decision was made to send via a personal intemational money transfer service account. having taken into considerdtion the risSK and deemed it the only viable. route. The current intemational political and financial climate has made raising funds more challenging. However our Trust and the team supporting the trustees are committed to addressing this issue as A description of the princip81 risks facing the charity Pa 1.46
effectively as possible as the worfd starts to emorge from the pandemic. Other structure, Governance and Management Description of tharity's trusts.. Type of goveming document Pard 125 Trust Deed How is the tharity constiluled? Pwd 1.25 Charrtable Tru* rale Trustee selection methods including details of any constitutional provisions e.g. election to post or name of any person or body entilkd to appoint one or more trustees Para 1.25 The Trustees, the Patron and the Founders elect incoming trustees through a process of consultation and according lo the skills deemed neSSary and the role an outgoing trustee may have va(3led. Addltlonal Informalion (optlonall You may choose to include further statements where revant atUt.
The Trust VKuld continue to induct new trustees with a combination of team meetings. one-to-one meetings with current trustees. A new InJstee would also be supplied with the neSSary CC documentg for guidan( as lo the trustee role. the Rigul Trust goveming document as well as induclitsn Into the systems employed by the Trust, such as database, ernail system, accounts if necessary to their role in the Trust. The Trust has a role specification and associated task list to inform trustees of the task they are responsible for. The Patron and the FourKJers wnlinue lo act as auwsors provldlng exFwlence ano coniinuity lo the trust. The irnst has representatives in Rigul, Kham, China who oversee the projects which the Trust funds. Policies and proctdures adopted for the induction and training of trustees Pwa 1.51 The charity's organisational structure and any wder network with which the harity w)rks Paa 1.51 Relationship with any related parties pa 1.51 Other Reference and Administrative detsils Chanty name Rigul Trust Other narne the charity uses Registered charity number Charity's principal address 1124076 Cottamoor House, Haytor. Newton Abbot TQ13 9XT
Names of the charlty trustees who manag• thè charfty Name of par8on1gr body) entrtlgd to appDint trustee lil anyl Trusteg n* Offlcg fir any) Sarah Louise Delfont Chair Boan1 of Trustees Jeffrey James Wilshaw Treasurer Michele Sisto Trustee 10 12 13 14 15 16 17 18 19 20 orate trustees- names of the directors at the date the Dlrector name ortwasa roved
Name of Injstees hobJiTrJ title to propety belonging to the charity TrustÈè nan• Datss acted rf nottorwhcdè y Funds held as custodian trustees on behalf of others Description of the assets held in this capaaty Name and objects of the charity on whose behaff the assets are held and how this faSls within the custodian charity's objects Details of arrangements for safe custody and segregation of such assets from the charity's own assets Addltlonal Infomiatlon (optional) Names and addresses of advlsers Ioptlonal Infomiationl Typg of advlser Name Address
Name of chief executive or names of senior staff members (Optional informatlonl Exem tions from disclosure Reason for non-disdosure of key personnel details Other o tional information
Declarations The trugtees deelare that they have approved the trustees, report above. Slgned on behalf of the ¢harlty'$ trustees Slgnaturels) Full name{$) Posltlon (eg Secretsry, Chalr, etc) Ctrl IliA Date