## **Trustees’ Annual Report for the period** **From Period start date 1[St] April 2024 To 31[st] March 2025 Period end date** ## **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 £44193.32 was sent to
Rigul, as per target amount for the year,
to cover the annual running costs for all
the activities the Trust is committed to
funding in Rigul.| |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|Para 1.38| |investment including|| |program related|| |investment|| |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 endeavors would be
possible.
The Trust pledges that 100% of
donations received goes to directly
benefit 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 salaries 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 positive difference
to its beneficiaries 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|Para 1.41|The Trust is also| |---|---|---| |against||committed to allocating| |objectives set||restricted funds that were| |||raised in the past for| |||specific causes and only| |||the Sikkim Earthquake| |||Fund| |||remains. The fund held| |||for this project is| |||substantial (£10,409.55)| |||and has been held for a| |||long time and needs to| |||be distributed as soon| as possible: Trustees are actively seeking a project which is aligned to the cause (disaster relief in Sikkim) for which the fund was raised. |Performance
of
fundraising
activities
against
objectives set|Para 1.41|The donations have
continued to increase
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.| |Statement explaining
the policy for holding
reserves stating why
they are held|Para 1.22|Reserves were held in bank and
saving accounts and in the
investment fund. It is the Trust’s
policy to maintain at least one year’s
worth of funding as part of its
reserves policy which can be
accessed immediately in case of
unforeseen needs or emergencies.
Remaining reserves are gradually being
invested in the investment fund to
provide a legacy for supporting the
people of Rigul into the future.| |Amount of reserves held|Para 1.22|The total amount of reserves held at end
of year including the investment fund
was £363,820| |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. A legal representative of a
legacy has advised the charity that a
significant donation will be sent to us in
due course. When these funds arrive it
will be fully reported.| |Investment policy and
objectives
including
any
social
investment
policy
adopted|Para 1.46|The existing 10 year investment policy is
continuing.| |||| |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||| ## **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|None| |Registered charity number|| |---|---| |Charity’s principal address|11 Crofts Street London
E1 8LU| ||| ## **Names of the charity trustees who manage the charity** |**Trustee name**|**Office (if any)**|**Dates acted if not**
**for whole year**|**Name of person (or**
**body)**
**entitled**
**to**
**appoint trustee (if any)**| |---|---|---|---| |Dr Andy
Lowe|Chair||| |Jeffery
James
Wilshaw|Treasurer||| |---|---|---|---| |Francois
Henrard|Trustee||| |Li Sun|Trustee|From 2/10/24|| ||||| ||||| ||||| ||||| ||||| ||||| ||||| ||||| ||||| ||||| ||||| ||||| ||||| ||||| ||||| ||||| 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 ## – 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 adviser[Name Address ]** **----- Start of picture text -----**
IFA Philip Pearson P&P Invest Ltd
Independent Financial Advisers
Units 17/18, Building 2
Shamrock Quay
William Street
Southampton
SO14 5QL
**----- End of picture text -----**
_Chief execuLves of P&P Invest ltd_ _Directors: P.S.Pearson FPFS, ACII K.B.PaQnson CertPFS_ _P&P Invest Ltd is authorised and regulated by the Financial Conduct Authority_ _P&P Invest Ltd Independent Financial Advisers Units 17/18, Building 2 Shamrock Quay William Street Southampton SO14 5QL Tel: 023 8022 6640 Fax: 023 8022 6641 E-mail: advice@pandpinvest.com web: www.pandpinvest.com Directors: P.S.Pearson FPFS, ACII K.B.PaQnson CertPFS P&P Invest Ltd is authorised and regulated by the Financial Conduct Authority._ ## **Exemptions from disclosure** Reason for non-disclosure of key personnel details ## **Other optional information** ## **FINANCIAL REPORT FOR END OF FINANCIAL YEAR 2024-2025 (01/04/2024 to 31/03/2025)** |RECEIPTS|||| |---|---|---|---| |General Donations|76,852.49||| |Fundraising|5,367.07||| |Donations to admin fund.|836.00||| |Sales (Books & DVDs)|1414.48||| |Gift aid|3,785.82||| |Interest|634.17||| |Total Receipts**£88,890.03**|||| |PAYMENTS|||| |Fund transfers to Rigul|||43,644.84| |Bank charges|||58.48| |Admin Expenses|||490.00| |Total Payments.||**£44,193.32**|| |RESTRICTED FUNDS HELD|||| |Sikkim Earthquake|||**£10,409.55**| |ACCOUNT BALANCES|||| |Bank Current Account.|||4,579.87| |Saving Accounts.|||1,879.42| |Paypal Account.|||5,739.74| |Transact Cash Account.|||66,634.49| |Total cash available.|||**£78,833.52**| |INVESTMENT FUND|||| |Opening valuation||245,811|| |Deposits|126,850||| |Withdrawals||(22,000)|| ||**£350,661**||| |Valuation at end of year|**£363,820**(3.8% gain)||| |ADMIN FUND|||| |Opening balance|||(**£37.61)**| |Investment management charges|||(240.00)| |Independent accounts review|||(250.00)| |Receipts|||836.00| |Closing balance|||**£308.39**| |RIGUL FUNDS AVAILABLE|||| |Cash funds held|||78,833.52| |Less restricted funds.||-10,409.55|| |||£68,423.97|| |Less 2% provision for|||| |bank charges and expenses|||£1368.48| |||**£67,055.49**|| Period of Rigul funding available based on current commitment of 405,812 CNY per year = 67,055x9.38/405,812 = 1.55 **i.e. just over 1.5 years** ## **Brenda Peers-Ross 29 Drift Road** **Selsey Chichester West Sussex PO20 0PW** ## **Independent Examiner’s Report to the Trustees of: RIGUL TRUST Registered Charity Number: 1124076** I report on the accounts of the charity for the year ended 31[st] March 2025 which are set out on Charity Commission form CC16a. This report is made solely to the Trustees in accordance with Section 43(3) of the Charities Act 2011. My work has been undertaken so that I might state to the Trustees those matters which I am required to state to them in an independent examiner’s report and for no other purpose. To fullest extent permitted by law; I do not accept responsibility to anyone other than the Trustees for my work, for this report, or for the opinions I have formed. ## **Respective responsibilities of trustees and examiner** The Charity’s Trustees are responsible for the preparation of accounts; you consider that the audit requirements of Section 144 (2) of the Charities Act 2011 (the Act) does not apply. It is my responsibility to state, on the basis of procedures specified in the General Directions given by the Charity Commission under section 156 of the Act, whether particular matters have come to my attention. ## **Basis of independent examiner’s statement** My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts, presented with those records. It also includes consideration of any unusual items or disclosures of the accounts and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a “true and fair view,” and the report is limited to those matters set out in the statement below. ## **Independent Examiner’s statement** I have completed my examination. I confirm that no matters have come to my attention: 1. which gives me reasonable cause to believe that in any material respect the requirements: - to keep accounting records in accordance with Section 130 of the Act; and - to prepare accounts which accord with the accounting records and to comply with the accounting records of the Act have not been met. 2. or in my opinion, attention should be drawn to enable a proper understanding of the accounts to be reached. . ## Brenda Peers-Ross Brenda Peers-Ross FMAAT, ACIE 11[th] October 2025