## **Trustees’ Annual Report for the period** **From 1[st] April 2021 To 31[st] Match 2022** ## **Charity name: Rigul Trust** ## **Charity registration number: 1124075** ## **Objectives and Activities** ||SORP reference|| |---|---|---| |Summary of the purposes of
the charity as set out in its
governing document|Para 1.17|The relief of poverty and financial hardship,
the advancement of education, the
advancement of religion and the relief of
sickness and the preservation and
protection of good health, in particular, but
not exclusively, in Rigul, Kham, Tibet, as
the trustees may decide.| |Summary of the main
activities in relation to those
purposes for the public
benefit, in particular, the
activities, projects or
services identified in the
accounts.|Para 1.17 and
1.19|A total amount of £44,840.00 was sent to
Rigul, consistently with our target amount:
it covers the annual running costs for all the
projects the Trust is committed to funding
in Rigul.
In addition, £3,528.98 was sent from
restricted funds to the restricted fund
projects the funds were previously raised
for.| |Statement confirming
whether the trustees have
had regard to the guidance
issued by the Charity
Commission on public
benefit|Para 1.18|The trustees have shown regards to the
charity commission guidance on public
benefit.| ## **Additional information (optional)** You may choose to include further statements where relevant about: ||SORP reference|| |---|---|---| |Policy on grant making|Para 1.38|| |Policy on social investment
including program related
investment|Para 1.38|| |Contribution made by
volunteers|Para 1.38|Volunteers, fundraisers and donors
continue to support the work of the Rigul
Trust and the Trustees would like to thank| them. Without their generosity none of our endeavours would be possible. The Trust pledges that 100% of donations received goes to the people in Rigul. All administration and promotional costs are met by a separate fund contributed to by volunteers and the operation of the Trust is carried out on a purely voluntary basis with no salary taken. Other ## **Achievements and Performance** ||SORP reference|| |---|---|---| |Summary of the main
achievements of the charity,
identifying the difference the
charity’s work has made to
the circumstances of its
beneficiaries and any wider
benefits to society as a
whole.|Para 1.20|The Trust is making a difference in
particularly in the Rigul area, providing
support to the local school, the health clinic
and the shedra (monastic education
programme), which are freely open to all
residents in Rigul. This enables the
population of Rigul to access education
and health care in this remote region which
otherwise would not have immediate and
local access to these services.| ## **Additional information (optional)** You may choose to include further statements where relevant about: |Achievements against
objectives set|Para 1.41|The Trust is also committed to find use of
the restricted funds that were raised in the
past. Four of the five restricted fund
projects held at the start of the year were
cleared, leaving only the Sikkim
Earthquake Project remaining. The funds
held for this project however are substantial
(£10,410) and have been held for a long
time and should be distributed as soon as
possible: Trustees are actively seeking how
to use the remaining restricted funds.| |---|---|---| |Performance of fundraising
activities against objectives
set|Para 1.41|The donations have increased almost three
times this year and comfortably cover the
annual target, mainly because of one
generous donor.| |||| |Investment performance
against objectives|Para 1.41|| |---|---|---| |Other||| ## **Financial Review** |**Financial Review**||| |---|---|---| |Review of the charity’s
financial position at the end
of the period|Para 1.21|Funds held at the end of the year were
sufficient to fund Rigul at the current
funding level for approximately 3 years 9
months.| |Statement explaining the
policy for holding reserves
stating why they are held|Para 1.22|In this financial year, all reserves are held
in bank and saving accounts.| |Amount of reserves held|Para 1.22|£172,498.95, excluding the restricted funds
for Sikkim (£10,410).| |Reasons for holding zero
reserves|Para 1.22|| |Details of fund materially in
deficit|Para 1.24|| |Explanation of any
uncertainties about the
charity continuing as a going
concern|Para 1.23|| ## **Additional information (optional)** You may choose to include further statements where relevant about: |The charity’s principal
sources of funds (including
any fundraising)|Para 1.47|The majority of funds come from voluntary
donations from students of our Patron.| |---|---|---| |Investment policy and
objectives including any
social investment policy
adopted|Para 1.46|In this financial year, all reserves are held
in bank and saving accounts. However, the
Trustees have decided that is appropriate
to put in place a new ten year investment
plan: this will be implemented in the new
financial year, when also a new investment
policy will be issued.| |A description of the principal
risks facing the charity|Para 1.46|In this financial year, the majority of the
funds came from one single generous
donor. The trustees acknowledge that the
Trust should not rely on one single donor in
the medium term.| |Other||The Trust has been victim of 3 episodes of
attempted fraud by false direct debit set up.
The bank has immediately returned the
funds in line with the direct debit protection
and suggested no further actions. However,
the Trustees have prudently reported the
attempted fraud to the police and are taking
some actions to minimise the likelihood of
new attempts.| ## **Structure, Governance and Management** |Description of charity’s
trusts:||| |---|---|---| |Type of governing document
(trust deed, royal charter)|Para 1.25|Trust Deed| |How is the charity
constituted?
(e.g unincorporated
association, CIO)|Para 1.25|Charitable Trust| |Trustee selection methods
including details of any
constitutional provisions e.g.
election to post or name of
any person or body entitled
to appoint one or more
trustees|Para 1.25|The Trustees elect incoming Trustees with
input and feedback from the Patron and the
Founders, through a process of
consultation and according to the skills
deemed necessary.| ## **Additional information (optional)** ## You may choose to include further statements where relevant about: |Policies and procedures
adopted for the induction
and training of trustees|Para 1.51|The Trust would continue to induct new
Trustees with a combination of team
meetings, one-to-one meetings with the
current Trustees. A new Trustee would also
be supplied with the necessary Charity
Commission documents for guidance, the
Rigul Trust governing document as well as
access into the systems employed by the
Trust.| |---|---|---| |The charity’s organisational
structure and any wider
network with which the
charity works|Para 1.51|The Patron and the Founders continue to
act as advisors providing experience and
continuity to the trustees. The Trust has
representatives in Rigul, Kham, China, who
oversee the projects funded by the Trust.| |Relationship with any
related parties|Para 1.51|| |Other||| ## **Reference and Administrative details** |Charity name|Rigul Trust| |---|---| |Other name the charity uses|| |Registered charity number|1124076| |Charity’s principal address|11 Crofts Street
London
E1 8LU| ||| **Names of the charity trustees who manage the charity** |1
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20|**Trustee name**|**Office (if any)**|**Dates acted if not for whole**
**year **|**Name of person (or body) entitled**
**to appoint trustee (ifany)**| |---|---|---|---|---| ||Sarah Loise
Delfont|Chair|Resigned on 04/12/2021|Board of Trustees| ||Jeff Wilshaw|Treasurer||| ||Michele Sisto|Chair after Ms
Delfont resignation||| ||AndyLowe|Trustee|Appointed 04/12/2021|| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| ## – Corporate trustees names of the directors at the date the report was approved ## **Director name** Name of trustees holding title to property belonging to the charity **Trustee name Dates acted if not for whole year** ## **Funds held as custodian trustees on behalf of others** Description of the assets held in this capacity Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for safe custody and segregation of such assets from the charity’s own assets ## **Additional information (optional)** ## **Names and addresses of advisers (Optional information)** |**Type of**|**Name**|**Address**| |---|---|---| |**adviser**||| **Name of chief executive or names of senior staff members (Optional information)** ## **Exemptions from disclosure** Reason for non-disclosure of key personnel details ## **Other optional information** ## **Declarations** **The trustees declare that they have approved the trustees’ report above.** **Signed on behalf of the charity’s trustees** **Signature(s) Full name(s) Position (eg Secretary, Chair, etc) Date** CHARITY COMMISSION FOR ENGLANO AND WALES Independent examinerfs report on the accounts Section A Independent Examiner's Report Report to the trustee members of RIGUL TRUST On accounts for the yur ended 31- MARCH 2022 Charity no (rfany) 1124076 Set out on pages I report to the trustees on my examination of the accounts of the above tharity (Ihe TNsn for the year ended 3110312022. Responsibilities and basis of report As the charitys trustees, you are respon&ble for the preparation of the accounts in accordan￿ with the requirements of the Charities Ad 2011 rthe Acf). I report in respect of my examination of the Trusvs acwunts carried out under section 145 of the 2011 Act and in carying out my examination, I have followed all the applicable Direth'ons given by the Charity Commission urKler section 145(5)(b) of the Act Indepandent I have completed my examination. I confinn that no material matters have •xamln•rfs Statement come to my attention in Connection vlith the examination which gives me cause to believe that in, any material respect: the accounting records were not kept in accordance wtth section 130 of the Chanties Act,. or the accounts not accord with the accounting records, or the accounts did not comply with the applicable requirements con￿mIng the fonn and content of accounts set out in the Charities (Accounts and Reports) Regulats'ons 2008 other than any requirement that the accounts give a 'true and fairf view which is not a matter consMJered as part of an independent examination. I have no rnncems and have come aGn)ss no other matters in connection with the examination to which attenti1￿ should be drawn in this report in order to enable a proper undet5tanding of the accounts to be reached. Slgned: Dat•: 2010612022 Name: ABIGAIL LANGRIDGE Relevant proknsional qualificationls) or body (rf any): Address: 25 BONNET LANE BURGESS HILL inEST SUSSEX, RH15 OFP