Shenpen UK
Charity No. 1124170
Trustees' Report and Unaudited Accounts
05 April 2024
Shenpen UK Contents
| Pages | |
|---|---|
| Trustees' Annual Report | 2 to 3 |
| Independent Examiner's Report | 4 |
| Statement of Financial Activities | 5 |
| Balance Sheet | 6 |
| Notes to the Accounts | 7 to 11 |
| Detailed Statement of Financial Activities | 12 |
Page 1
Shenpen UK Trustees Annual Report
The trustees present their report with the unaudited financial statements of the charity for the year ended 5 April 2024.
REFERENCE AND ADMINISTRATIVE DETAILS
Charity No. 1124170
Trustees
The following trustees served during the year:
G. Clay C. Cowie
K. Evans
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Accountants
Case Accounting Ltd 20 Goodwood Way Cepen Park South Chippenham Wiltshire SN14 0SY
OBJECTIVES AND ACTIVITIES
Shenpen UK helps preserve the unique cultural and spiritual heritage of Tibet. Charitable activities include sponsorship of overseas projects aimed at improving conditions for the Tibetan community in exile and hosting teaching programmes by His Eminence the 7th Dzogchen Rinpoche, one of the highest Lamas in the Tibetan Buddhist tradition and holder of the authentic Dzogchen lineage.
Shenpen is a world-wide network of volunteer organisations that support the work of Dzogchen Shri Senha Charitable Society (DSSCS), an Indian registered charity. DSSCS specialises in healthcare, educational and social welfare projects for the Dhondenling Tibetan settlement and the local Indian community in Karnataka state, South India. Guided by Dzogchen Rinpoche, the international sangha have established Shenpen in America, Australia, France, Germany, Holland, Switzerland and the United Kingdom.
Shenpen also helps preserve the unique cultural and spiritual heritage of Tibet and hosts Dzogchen Rinpoche's international teaching tours every year.
The Trustees are aware of the guidance on Public Benefit. The charity benefits persons of all ages in Brimingham, London, Norfolk, America, Australia, France, Germany, Holland and Switzerland.
ACHIEVEMENTS AND PERFORMANCE
During�the�year,�the�charity�made�grants�to�Shenpen�����������around�the�world�in�the�sum�of�£26,564� (2023:�£24,491).
FINANCIAL REVIEW
The charity aims to raise funds through donations and issue these as grants to further its charitable objectives.
STRUCTURE, GOVERNANCE AND MANAGEMENT
The charity's governing document was adopted in November 2007 and amended in May 2008.
Page 2
Shenpen UK Trustees Annual Report
Trustees are recruited by existing Trustees.
Statement of trustees' responsibilities in relation to the financial statements
The charity trustees are responsible for preparing a trustees' annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the provisions of the Trust deed. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.
Signed on behalf of the charity's trustees
G. Clay Trustee
Page 3
Shenpen UK Independent Examiners Report
Independent Examiner's Report to the trustees of Shenpen UK
I report to the trustees on my examination of the financial statements of Shenpen UK for the year ended 5 April 2024.
Responsibilities and basis of report
As the charity's trustees you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the charity's financial statements carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I can confirm that no material matters have come to my attention in
connection with the examination giving me cause to believe that in any material respect:
-
the accounting records were not kept in respect of the charity as required by section 130 of the Act; or
-
the financial statements do not accord with those records; or
-
the financial statements do not comply with the applicable requirements concerning the form and content of financial statements set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the financial statements give a 'true and fair' view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.
3 December 2024
T R Case ICAEW Case Accounting Ltd 20 Goodwood Way Cepen Park South Chippenham Wiltshire SN14 0SY
Page 4
Shenpen UK Statement of Financial Activities
for the year ended 5 April 2024
| Notes Income and endowments from: Donations and legacies 3 Other trading activities 4 Total Expenditure on: Charitable activities 5 Other 7 Total Net gains on investments Net income/(expenditure) Transfers between funds Net income/(expenditure) before other gains/(losses) Other gains and losses Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward |
Unrestricted funds |
Total funds | Total funds |
|---|---|---|---|
| 2024 | 2024 | 2023 | |
| £ | £ | £ | |
| 32,679 | 32,679 | 23,974 | |
| 290 | 290 | - | |
| 32,969 | 32,969 | 23,974 | |
| 31,022 | 31,022 | 24,491 | |
| 1,110 | 1,110 | 235 | |
| 32,132 | 32,132 | 24,726 | |
| - | - | - | |
| 837 | 837 | (752) | |
| - | - | - | |
| 837 | 837 | (752) | |
| 837 | 837 | (752) | |
| 4,764 | 4,764 | 5,516 | |
| 5,601 | 5,601 | 4,764 | |
Page 5
Shenpen UK Balance Sheet at 5 April 2024
| Charity No. 1124170 | 2024 | 2023 | |
|---|---|---|---|
| £ | £ | ||
| Current assets | |||
| Cash at bank and in hand | 5,601 | 4,764 | |
| 5,601 | 4,764 | ||
| Net current assets | 5,601 | 4,764 | |
| Total assets less current liabilities | 5,601 | 4,764 | |
| Net assets excluding pension asset or liability | 5,601 | 4,764 | |
| Total net assets | 5,601 | 4,764 | |
| The funds of the charity | |||
| Restricted funds | 9 | ||
| Unrestricted funds | 9 | ||
| General funds | 5,601 | 4,764 | |
| 5,601 | 4,764 | ||
| Reserves | 9 | ||
| Total funds | 5,601 | 4,764 |
And signed on their behalf by:
G. Clay Trustee
Page 6
Shenpen UK Notes to the Accounts
for the year ended 5 April 2024
- 1 Accounting policies
Basis of preparation
The financial statements have been prepared in accordance with Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic if Ireland (FRS 102) issued on 16 July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.
Fund accounting
Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the general objects of the charity.
Designated funds These are unrestricted funds earmarked by the trustees for particular purposes. Revaluation funds These are unrestricted funds which include a revaluation reserve representing the restatement of investment assets at their market values. Restricted funds These are available for use subject to restrictions imposed by the donor or through terms of an appeal.
Income
Recognition of Income is included in the Statement of Financial Activities (SoFA) when the charity income becomes entitled to, and virtually certain to receive, the income and the amount of the income can be measured with sufficient reliability.
Income with related Where income has related expenditure the income and related expenditure is expenditure reported gross in the SoFA. Donations and Voluntary income received by way of grants, donations and gifts is included in the legacies the SoFA when receivable and only when the Charity has unconditional entitlement to the income.
Tax reclaims on Income from tax reclaims is included in the SoFA at the same time as the donations and gifts gift/donation to which it relates. Donated services These are only included in income (with an equivalent amount in expenditure) and facilities where the benefit to the Charity is reasonably quantifiable, measurable and material.
Volunteer help The value of any volunteer help received is not included in the accounts. Investment income This is included in the accounts when receivable. Gains/(losses) on This includes any gain or loss resulting from revaluing investments to market value revaluation of fixed at the end of the year. assets Gains/(losses) on This includes any gain or loss on the sale of investments. investment assets
Page 7
Shenpen UK Notes to the Accounts
Expenditure
Recognition of Expenditure is recognised on an accruals basis. Expenditure includes any VAT which expenditure cannot be fully recovered, and is reported as part of the expenditure to which it relates. Expenditure on These comprise the costs associated with attracting voluntary income, fundraising raising funds trading costs and investment management costs. Expenditure on These comprise the costs incurred by the Charity in the delivery of its activities and charitable activities services in the furtherance of its objects, including the making of grants and governance costs. Grants payable All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid.
Governance costs These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs.
Other expenditure These are support costs not allocated to a particular activity.
Taxation
The charity is exempt from tax on its charitable activities.
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management.
Trade and other creditors
Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
Page 8
Shenpen UK Notes to the Accounts
2 Statement of Financial Activities - prior year
| 2 Statement of Financial Activities - prior year |
|||
|---|---|---|---|
| Income and endowments from: Donations and legacies Total Expenditure on: Charitable activities Other Total Net income Net income before other gains/(losses) Other gains and losses: Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward 3 Income from donations and legacies Donations Gift aid 4 Income from other trading activities Fundraising events |
Unrestricted £ 23,994 8,685 32,679 Unrestricted £ 290 290 |
Unrestricted funds 2023 £ 23,974 23,974 24,491 236 24,727 (753) (753) (753) 5,140 4,387 Total 2024 £ 23,994 8,685 32,679 Total 2024 £ 290 290 |
Total funds 2023 £ 23,974 |
| 23,974 24,491 236 |
|||
| 24,727 | |||
| (753) | |||
| (753) | |||
| (753) 5,140 |
|||
| 4,387 | |||
| Total 2023 £ 23,974 - |
|||
| 23,974 | |||
| Total 2023 £ - |
|||
| - |
Page 9
Shenpen UK Notes to the Accounts
5 Expenditure on charitable activities
| Expenditure on charitable activities ������ Grants made 6 Analysis of grants Activity or programme Shenpen��������� Activity or programme Shenpen�������� 7 Other expenditure General administrative costs |
Unrestricted £ 4,458 26,564 31,022 Grants to Institutions £ 26,564 26,564 Activities undertaken directly £ 26,564 26,564 Unrestricted £ 1,110 1,110 |
Total 2024 £ 4,458 26,564 31,022 Total 2024 £ 26,564 26,564 Total 2024 £ 26,564 26,564 Total 2024 £ 1,110 1,110 |
Total 2023 £ - 24,491 |
|---|---|---|---|
| 24,491 | |||
| Total 2023 £ 24,491 |
|||
| 24,491 | |||
| Total 2023 £ |
|||
| 24,491 | |||
| 24,491 | |||
| Total 2023 £ 235 |
|||
| 235 |
8 Staff costs
No employee received emoluments in excess of £60,000.
Page 10
Shenpen UK Notes to the Accounts
9 Movement in funds
| 9 Movement in funds |
||||
|---|---|---|---|---|
| Restricted funds: Unrestricted funds: General funds Total funds 10 Analysis of net assets between funds Net current assets |
At 6 April 2023 4,764 4,764 £ |
Incoming resources £ 32,969 32,969 |
Resources expended £ (32,132) (32,132) Unrestricted funds £ 5,601 5,601 |
At 5 April 2024 £ 5,601 |
| 5,601 | ||||
| Total £ 5,601 |
||||
| 5,601 |
Page 11
Shenpen UK Detailed Statement of Financial Activities
for the year ended 5 April 2024
| Income and endowments from: Donations and legacies Donations Gift aid Other trading activities Fundraising events Total income and endowments Expenditure on: Charitable activities ������ Grantsmade Total of expenditure on charitable activities General administrative costs, including depreciation and amortisation Bank charges Advertising Sundry expenses Total of expenditure of other costs Total expenditure Net gains on investments Net income/(expenditure) Net income/(expenditure) before other gains/(losses) Other Gains Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward |
Unrestricted funds 2024 £ 23,994 8,685 32,679 290 290 32,969 4,458 26,564 31,022 31,022 274 420 416 1,110 1,110 32,132 - 837 837 - 837 4,764 5,601 |
Total funds 2024 £ 23,994 8,685 32,679 290 290 32,969 4,458 26,564 31,022 31,022 274 420 416 1,110 1,110 32,132 - 837 837 - 837 4,764 5,601 |
Total funds 2023 £ 23,974 - |
|---|---|---|---|
| 23,974 | |||
| - | |||
| - | |||
| 23,974 - 24,491 |
|||
| 24,491 | |||
| 24,491 235 - - |
|||
| 235 | |||
| 235 | |||
| 24,726 - |
|||
| (752) | |||
| (752) - |
|||
| (752) | |||
| 5,516 | |||
| 4,764 |
Page 12