**REGISTERED CHARITY NUMBER:**
## **REPORT OF THE TRUSTEES AND**
## **FINANCIAL STATEMENTS**
**FOR THE YEAR ENDED 5 APRIL 2024**
## **FOR**
## **RANGJUNG YESHE UK**
MGR SD Limited Chartered Accountants 55 Loudoun Road London NW8 0DL
**RANGJUNG YESHE UK**
**CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024**
|||**Page**||
|---|---|---|---|
|**Report of the Trustees**|1|to|2|
|**Independent Examiner's Report**||3||
|**Statement of Financial Activities**||4||
|**Balance Sheet**||5||
|**Notes to the Financial Statements**|6|to|11|
|**Detailed Statement of Financial Activities**|12|to|13|
**RANGJUNG YESHE UK**
**REPORT OF THE TRUSTEES FOR THE YEAR ENDED 5 APRIL 2024**
The trustees present their report with the financial statements of the charity for the year ended 5 April 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
## **OBJECTIVES AND ACTIVITIES**
## **Objectives and aims**
The charity owns Lindholme Hall Estate. It hosts Buddhist seminars, study groups, daily meditation sessions, and special practice days. The charity offers supported group, individual and work retreats. It manages the estate through Higher Level Stewardship, the SSSI portion being overseen by a group of scientific experts. We are committed to the principals of environmental buddhism.
## **ACHIEVEMENT AND PERFORMANCE Charitable activities**
## **BUDDHIST ACTIVITIES DURING THE YEAR**
In April 2023, CNR, spiritual director made a private visit to overview the centre and gave an online teaching. 900 people attended these seminars which were also translated into 9 languages.
In June 2023, 8 days of seminar was hosted on-site attended by 120 participants day visitors.
Rinpoche offers online teaching via Dharma Sun.
Lama Oser is our resident teacher. In September and October 2023 Lama Oser offered 4 sets of teaching and practice events - each attracting around 35 people.
In January and February 2024 two residential seminars and day teachings were offered to newcomers.
Monday meditation sessions were held throughout the year. Lama Oser and senior students hold these on-line. We are open daily for meditation sessions in the mornings and evenings at the centre. We offer special practice days twice monthly throughout the year which is open to everyone. We also visited local schools to provide insight into practice of Buddhism.
We offered solitary retreat (shortest retreat 5 days longest 1 year) to 25 practitioners throughout the year.
## **ENVIRONMENTAL ACTIVITIES DURING THE YEAR**
We continue to manage the whole estate under highest level stewardship. We are expanding our organic garden.
Continuation of our LOMM Group (a group of scientific advisors) for overview of the rarest SSI parts of the estate. The LOMM Group have developed two Mossery polytunnels growing sphagnum moss with the view to populate the surrounding Moor with the sphagnum mass to reestablish it as a lowland raised mire, through grant funding from Environmental Pride Doncaster and Yorkshire wildlife trust.
This is an ambitious project called The Mire Emergency which aims to assist with the regeneration of the surrounding NNR mire habitat. The project entails the propagation of 'hummock forming' & 'peat making' mosses from the SSI on the Lindholme Hall estate which when planted on the wider Moro will enable a swifter regeneration of the 3,500-acre site. the creation of this site has required 100's of hours of volunteer effort and specialist expertise.
We are now seeking funding for a Lindholme Research Station to promote and facilitate research and training relating to our environmental work.
We installed a further 18Kwp array of photovoltaic collectors and installed 12Kwp batteries enabling us to generate much of our needs for electricity as well as significantly decreasing our carbon footprint.
Page 1
**RANGJUNG YESHE UK**
**REPORT OF THE TRUSTEES FOR THE YEAR ENDED 5 APRIL 2024**
## **STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document**
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number**
## **Principal address**
Lindholme Hall Lindholme Bank Road Hatfield Woodhouse Doncaster DN7 6DT
## **Trustees**
Mrs H M Lemanczyk - Zielke D A Benjamin Ms P Lemanczyk W H Tautz (appointed 1.4.2024) Ms H Felcey Ms S Navarez (resigned 15.9.2023)
## **Independent Examiner**
Simon Sefton MGR SD Limited Chartered Accountants 55 Loudoun Road London NW8 0DL
Approved by order of the board of trustees on 31 January 2025 and signed on its behalf by:
Ms P Lemanczyk - Trustee
Page 2
**INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF RANGJUNG YESHE UK**
## **Independent examiner's report to the trustees of Rangjung Yeshe UK**
I report to the charity trustees on my examination of the accounts of Rangjung Yeshe UK (the Trust) for the year ended 5 April 2024.
## **Responsibilities and basis of report**
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all 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 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:
1. accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts 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 accounts to be reached.
Simon Sefton
MGR SD Limited Chartered Accountants 55 Loudoun Road London NW8 0DL
31 January 2025
Page 3
**RANGJUNG YESHE UK**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 5 APRIL 2024**
**----- Start of picture text -----**
5.4.24 5.4.23
Unrestricted Total
fund funds
Notes £ £
INCOME AND ENDOWMENTS FROM
Donations and legacies 96,275 73,455
Other trading activities 2 113,970 78,675
Investment income 3 1,768 1,802
Total 212,013 153,932
EXPENDITURE ON
Raising funds 34,555 24,820
Charitable activities
Retreats and conservation 147,724 100,128
Other 1,920 1,920
Total 184,199 126,868
NET INCOME 27,814 27,064
RECONCILIATION OF FUNDS
Total funds brought forward 1,033,435 1,006,371
TOTAL FUNDS CARRIED FORWARD 1,061,249 1,033,435
**----- End of picture text -----**
The notes form part of these financial statements
Page 4
**RANGJUNG YESHE UK**
**BALANCE SHEET 5 APRIL 2024**
**----- Start of picture text -----**
5.4.24 5.4.23
Unrestricted Total
fund funds
Notes £ £
FIXED ASSETS
Tangible assets 6 1,689,844 1,677,465
CURRENT ASSETS
Stocks 7 925 1,110
Debtors 8 1,538 624
Cash at bank 102,301 112,020
104,764 113,754
CREDITORS
Amounts falling due within one year 9 (12,604) (24,632)
NET CURRENT ASSETS 92,160 89,122
TOTAL ASSETS LESS CURRENT LIABILITIES 1,782,004 1,766,587
CREDITORS
Amounts falling due after more than one year 10 (720,755) (733,152)
NET ASSETS 1,061,249 1,033,435
FUNDS 12
Unrestricted funds 1,061,249 1,033,435
TOTAL FUNDS 1,061,249 1,033,435
**----- End of picture text -----**
The financial statements were approved by the Board of Trustees and authorised for issue on 31 January 2025 and were signed on its behalf by:
D A Benjamin - Trustee
H M Lemanczyk - Zielke - Trustee
P Lemanczyk - Trustee
The notes form part of these financial statements
Page 5
**RANGJUNG YESHE UK**
**NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024**
## **1. ACCOUNTING POLICIES**
## **Basis of preparing the financial statements**
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
## **Income**
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
## **Expenditure**
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
## **Tangible fixed assets**
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
|Freehold property|-|not provided|
|---|---|---|
|Plant and machinery|-|25% on reducing balance|
|Fixtures and fittings|-|25% on reducing balance|
|Motor vehicles|-|25% on reducing balance|
## **Stocks**
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
## **Taxation**
The charity is exempt from tax on its charitable activities.
## **Fund accounting**
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
continued...
Page 6
**RANGJUNG YESHE UK**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 5 APRIL 2024**
## **2. OTHER TRADING ACTIVITIES**
|Shop income
Retreats
Grants and scheme income
Events and auctions
**3.**
**INVESTMENT INCOME**
Rents received|**5.4.24**
**£**
10,914
55,209
40,595
7,252
113,970
**5.4.24**
**£**
1,768|**5.4.23**
**£**
6,659
40,572
22,907
8,537
78,675
**5.4.23**
**£**
1,802|
|---|---|---|
## **4. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 5 April 2024 nor for the year ended 5 April 2023.
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 5 April 2024 nor for the year ended 5 April 2023.
## **5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
|**INCOME AND ENDOWMENTS FROM**
Donations and legacies
Other trading activities
Investment income|**Unrestricted**
**fund**
**£**
73,455
78,675
1,802|
|---|---|
|**Total**|153,932|
|**EXPENDITURE ON**
Raising funds
**Charitable activities**
Retreats and conservation
Other|24,820
100,128
1,920|
|**Total**|126,868|
|**NET INCOME**|27,064|
|**RECONCILIATION OF FUNDS**||
|Total funds brought forward|1,006,371|
continued...
Page 7
**RANGJUNG YESHE UK**
**NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 5 APRIL 2024**
## **5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued**
|**TOTAL FUNDS CARRIED FORWARD**
**6.**
**TANGIBLE FIXED ASSETS**
**Freehold**
**Plant and**
**property**
**machinery**
**£**
**£**
**COST**
At 6 April 2023
1,675,700
3,900
Improvements
12,820
-
At 5 April 2024
1,688,520
3,900
**DEPRECIATION**
At 6 April 2023
-
3,735
Charge for year
-
42
At 5 April 2024
-
3,777
**NET BOOK VALUE**
At 5 April 2024
1,688,520
123
At 5 April 2023
1,675,700
165
**7.**
**STOCKS**
Stocks
**8.**
**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Trade debtors|**Fixtures**
**and**
**fittings**
**£**
32,748
-
32,748
31,806
235
32,041
707
942|**Motor**
**vehicles**
**£**
1,350
-
1,350
692
164
856
494
658
**5.4.24**
**£**
925
**5.4.24**
**£**
1,538|**Unrestricted**
**fund**
**£**
1,033,435
**Totals**
**£**
1,713,698
12,820
1,726,518
36,233
441
36,674
1,689,844
1,677,465
**5.4.23**
**£**
1,110
**5.4.23**
**£**
624|
|---|---|---|---|
continued...
Page 8
**RANGJUNG YESHE UK**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 5 APRIL 2024**
**----- Start of picture text -----**
9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
5.4.24 5.4.23
£ £
Bank loans and overdrafts (see note 11) 7,410 7,424
Trade creditors 1,502 14,738
Taxation and social security 16 102
Other creditors 3,676 2,368
12,604 24,632
10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
5.4.24 5.4.23
£ £
Bank loans (see note 11) 15,755 23,152
Other creditors 705,000 710,000
720,755 733,152
11. LOANS
An analysis of the maturity of loans is given below:
5.4.24 5.4.23
£ £
Amounts falling due within one year on demand:
Bank loans 7,410 7,424
Amounts falling between one and two years:
Bank loans - 1-2 years 15,755 7,400
Amounts falling due between two and five years:
-
Bank loans - 2-5 years 15,752
Other loans - 2-5 years 705,000 710,000
705,000 725,752
12. MOVEMENT IN FUNDS
Net
movement At
At 6.4.23 in funds 5.4.24
£ £ £
Unrestricted funds
General fund 1,033,435 27,814 1,061,249
TOTAL FUNDS 1,033,435 27,814 1,061,249
**----- End of picture text -----**
continued...
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**RANGJUNG YESHE UK**
**NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 5 APRIL 2024**
## **12. MOVEMENT IN FUNDS - continued**
Net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
**TOTAL FUNDS**
**Comparatives for movement in funds**
**Unrestricted funds**
General fund
**TOTAL FUNDS**|**Incoming**
**resources**
**£**
212,013
212,013
**At 6.4.22**
**£**
1,006,371
1,006,371|**Resources**
**expended**
**£**
(184,199)
(184,199)
**Net**
**movement**
**in funds**
**£**
27,064
27,064|**Movement**
**in funds**
**£**
27,814
27,814
**At**
**5.4.23**
**£**
1,033,435
1,033,435|
|---|---|---|---|
Comparative net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
**TOTAL FUNDS**|**Incoming**
**resources**
**£**
153,932
153,932|**Resources**
**Movement**
**expended**
**in funds**
**£**
**£**
(126,868)
27,064
(126,868)
27,064|
|---|---|---|
A current year 12 months and prior year 12 months combined position is as follows:
|**Unrestricted funds**
General fund
**TOTAL FUNDS**|**At 6.4.22**
**£**
1,006,371
1,006,371|**Net**
**movement**
**in funds**
**£**
54,878
54,878|**At**
**5.4.24**
**£**
1,061,249
1,061,249|
|---|---|---|---|
continued...
Page 10
**RANGJUNG YESHE UK**
**NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 5 APRIL 2024**
## **12. MOVEMENT IN FUNDS - continued**
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
**TOTAL FUNDS**|**Incoming**
**resources**
**£**
365,945
365,945|**Resources**
**Movement**
**expended**
**in funds**
**£**
**£**
(311,067)
54,878
(311,067)
54,878|
|---|---|---|
## **13. RELATED PARTY DISCLOSURES**
Other loans due after more than one year include £470,000 (2023 £470,000) owed to Mrs M H Lemanczyk-Zielke and £150,000 (2023 - £150,000) to Mr D Benjamin who are the trustees of the charity.
Page 11
**RANGJUNG YESHE UK**
**DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 5 APRIL 2024**
**----- Start of picture text -----**
5.4.24 5.4.23
£ £
INCOME AND ENDOWMENTS
Donations and legacies
Donations 70,201 66,048
Gift aid 26,074 7,407
96,275 73,455
Other trading activities
Shop income 10,914 6,659
Retreats 55,209 40,572
Grants and scheme income 40,595 22,907
Events and auctions 7,252 8,537
113,970 78,675
Investment income
Rents received 1,768 1,802
Total incoming resources 212,013 153,932
EXPENDITURE
Other trading activities
Cost of goods sold 435 1,040
Retreat expenses 34,120 23,780
34,555 24,820
Charitable activities
Wages and staff costs 27,820 25,189
Rates and water 3,308 2,921
Insurance 4,572 4,496
Light and heat 10,312 10,274
Telephone 3,683 2,969
Postage and stationery 988 1,217
Advertising 334 124
Sundries 6,130 5,023
Property upkeep costs 52,884 25,256
Motor and travel expenses 14,249 5,850
IT software and consumables 1,288 1,473
Professional fees 15,870 6,324
Plant and machinery 41 55
Fixtures and fittings 236 314
Motor vehicles 164 219
141,879 91,704
**----- End of picture text -----**
This page does not form part of the statutory financial statements
Page 12
**RANGJUNG YESHE UK**
## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 5 APRIL 2024**
**----- Start of picture text -----**
5.4.24 5.4.23
£ £
Support costs
Finance
Bank charges 1,639 1,429
Bank interest 682 1,594
2,321 3,023
Other
Donations 3,524 5,401
Governance costs
Accountancy and legal fees 1,920 1,920
Total resources expended 184,199 126,868
Net income 27,814 27,064
**----- End of picture text -----**
This page does not form part of the statutory financial statements
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