# The India Dhamma Trust Charity No. 1133310 2020/21 Trustees Annual Report and Accounts ## **The India Dhamma Trust** Year ended 31[st] March 2021 ## **Trustees** At the end of the financial year the trustees of the charity were: Laura Hamilton (Vajratara) (Chair) Lis Whitelaw (Danasamudra) Lucy Jane Spence (Kusaladevi) Lucian Conway (Priyadaka) Kay Stubbs (Shakyajata) ## **Aims** The main activity of the trust is to support those in India who wish to make a lifelong commitment to Buddhism. We do this by supporting those who train men and women wishing to join the Triratna ('Three Jewels') Buddhist Order. Triratna is a non- sectarian Buddhist movement that promotes the practice of Buddhism in a form appropriate to the modern world. ## **Structure, Management and Trustee Recruitment** The Trust has standard registration according to a Trust Deed dated 2nd October 2009. It is managed be the Trustees named above, who meet three times a year to assess our ongoing performance in accord with our aims and to make strategic decisions. Trustees are elected annually and recruited from within the Triratna Buddhist Order. ## **Activities and Objectives 2020/21** Our objective for the year has been to maintain ongoing financial gifts that support those who train Indian people for entry into the Triratna Buddhist Order, as well as to raise new and additional funds for the same. This has been especially important during the pandemic when fundraising within India has been extremely difficult. We are now partnered with ‘Future Dharma Fund’ to fulfil our objectives. With them, we have focussed on online fundraising at the Triratna Order Convention, online Buddhist festivals and on online ordination training retreats in the UK. We have also run specialist fundraising appeals for India, along with ‘The Karuna Trust’ and ‘The Abhayaratna Trust’, all online. ## **Achievements and Performance** Because of the ongoing difficulty of running in-person retreats during the lockdown, there have not been any ordinations within India. However, we have continued to support 20 men and women who train people for Buddhist ordination in India. They have moved all their training online, and have been active in supporting those whose lives have been affected by Covid-19. Our Chair has been in regular communication with them to assess their needs at this difficult time. We have also ensured that the ordination training retreat centres in India remain financially stable during the lockdowns and are able to offer retreats in person when possible, and online when not. We moved all our fundraising and trustee’s work online until it is safe to meet in person. ## **Financial Review** The charity's income and outgoings were within the projections made for the year. Total income £237,548 Total expenditure £340,469 Closing overall surplus £21,880 Further details are provided in the annual accounts which follow this report. ## **Reserves policy.** IDT continues to operate with a zero reserves policy for the following reasons: ## _Income_  IDT's income is relatively stable consisting primarily of regular donations from a committed donor base. ## _Expenditure on Charity Aims_  Its activities are carried out by making grants and its commitments to its beneficiaries are undertaken on a year by year basis, so there is no commitment to provide any particular level of funding beyond a one-year horizon. ## _Other expenditure (operating costs)_  Its activities require minimal property holdings therefore there are unlikely to be significant unexpected costs arising from property or plant requirements.  Its payroll costs are a very small proportion of its regular monthly income so its extremely difficult to envisage a situation where it would not be possible to cover all of its liabilities in this regard. ## _**Independent examiner's report on the accounts**_ ## **Section A Independent Examiner’s Report** **Report to the trustees/** Charity Name The India Dhamma Trust **members of On accounts for the year** 31 March 2021 **Charity no** 1133310 **ended (if any) Set out on pages** (remember to include the page numbers of additional sheets) I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended **DD / MM / YYYY** . **Responsibilities and** As the charity trustees of the Trust, you are responsible for the preparation **basis of report** 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 2011 Act and in carrying out my examination, I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. I have completed my examination. I confirm that no material matters have **Independent** come to my attention (other than that disclosed below *) in connection with **examiner's** the examination which gives me cause to believe that in, any material **statement** respect:  accounting records were not kept in accordance with section 130 of the Act or  the accounts do not accord with the accounting records I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached. * _Please delete the words in the brackets if they do not apply._ |**Signed:**
**Name:**
**Relevant professional**
**qualification(s) or body**
**(if any):**
**Address:**|C_olinLocock_|10 October 2021| |---|---|---| |||| ||Colin Locock|| |||| ||ACCA CAT PQ II /Pg. Dip. Voluntary Administration /ACIE Affiliate Vol Ex|| |||| ||12 Park Road|| ||Moseley|| ||Birmingham B13 8AB|| **Section B Disclosure** Only complete if the examiner needs to highlight matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners). **Give here brief details of any items that the examiner wishes to disclose** . ## **The India Dhamma Trust** Period of 12 months ended 31[st] March 2021 ## Receipts and Payments Account ||**Notes**|**2021**|**2020**| |---|---|---|---| |||0|0| |**Income**|||| |Donations||233,129|162,903| |Convention Fees||0|2,911| |Gift aid tax reclaim|1|4,419|3,704| |Other income||0|0| |**Total**||**237,548**|**169,519**| |**Expenditure**|||| |India Programme Costs|2|319,571|79,791| |Third party donor care|3|19,446|0| |Fundraising/donor care||220|6,721| |Governance Costs||75|140| |Administration||823|2,027| |Other expense||334|1,237| |**Total**||**340,469**|**89,916**| |**Net income/expenditure**||**-102,921**|**79,603**| There were no restricted funds. ## **The India Dhamma Trust** Period of 12 months ended 31[st] March 2021 Statement of Assets and Liabilities |Fixed Assets
Current Assets
Cash at bank
**Total Assets**
Current liabilities
Payroll tax
**Net Assets**
Represented by
Funds brought forward
Surplus/deficit for the year|**2021**
£
0
21880
**21,880**
0
**21,880**
124,799
-102,921
**21,880**|**2020**
£
0
124,839| |---|---|---| |||**124,839**| |||40| |||**124,799**| |||45,195
79,603| |||**124,799**| The India Dhamma Trust also held £12,782 in an account on behalf of the Womens’ Vihara Project. The India Dhamma Trust has no legal right over these funds, so they are not included in the above accounts. ## **The India Dhamma Trust** Year ended 31[st] March 2021 Notes to the accounts: 1. The Gift Aid tax reclaimed of £4,419 is in respect of donations received during the year to 31st March 2020. 2. India programme costs represent money transferred to our partner FutureDharma and designated by them for expenditure on IDT charitable objectives 3. Of the total £339,017 transferred to FutureDharma, an estimated £19,446 was spent by them on donor care and support which is now handled by them on behalf of IDT _(_ source: _End of year Financial Report to India Dhamma Trust (2020)_ ).