The India Dhamma Trust Charity No. 1133310 2021/22 Trustees Annual Report and Accounts ## **The India Dhamma Trust** Year ended 31[st] March 2022 ## **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 wish 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 by the Trustees named above, who usually meet two to 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 2021/22** Our objective for the year has been with 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 run specialist fundraising appeals for India, along with ‘The Karuna Trust’ and ‘The Abhayaratna Trust’. In the first half of the financial year this took place during online events, and towards the end of 2022 more was possible in person. Our Chair works continues to work closely with 'Future Dharma Fund' to ensure our aims and objectives are followed. ## **Achievements and Performance** India was particularly hard hit by Covid-19 deaths in April – May 2021. Much of the Buddhist community in India was affected. However, with our support, the teams we support in India continued to offer online courses, retreats and workshops, as well as personal guidance. As it became possible to offer in person retreats towards the end of 2021, we were able to support the ordination of 17 men on 13 March 2022, 7 men on 30 March 2022, and 19 women on 19 January. This ordination retreat was particularly important as it was the first women's ordination retreat since December 2017. We are supporting four new Indian women 'Public Preceptors' who are able to ordain women in India. Due to various difficulties including Covid, we did not meet as often as we would have liked this financial year. We would like to ensure in the coming financial year that we meet more regularly. ## **Financial Review** The charity's income and outgoings were within the projections made for the year. Total income £64,929 Total expenditure £64,775 Closing overall surplus £22,034 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. CHARITY COMMISSION FOR ENGLAND ANO WALES Independent examiner's report on the accounts Soctlon A Independent Examlnerfs Report Report to the tw$1￿1 rnombors of The Indi8 Dhamma Tfust On accounts far tho ￿•r 31 Mafch 2022 Charlty no Irf •nyl 1133310 S•t out 011 pag•8 I rerK)rt to the trustegs my examinatirm of the accounts of the aly)ve charity11he Trusfl for the year eTrded 3110312022. R•8ponslbllltl88 and As the charity tnjstèes of th8 Trust, y(yJ arè res￿￿￿sI￿o for tho wèparat bo$1$ ot r¢ptyt of the accounts in •C￿rdance vrilh the rgquirements of CharitEs Act 20111.the Acri. I rerM)rt in respocl of my examinatK)n of the Trusvs aeecljnts carri&J out under sectH)n 145 of the 2011 Act and in carrying tsut my exarninathn. I have followed the applicable Directions given by the Charty C￿mISS under section 14515llbl of the Act. I have compbted my exarninatin. I confirrn that no material matters have r￿me to my attention {olher than that disdosed tekjw'l in CC￿necti￿ the examination which gives me caLLse to teli8V& that in, any material Independent •xamlnarf8 8tat8m•nt accounting records were not kept in armrdance Ynth 8eclKffl 130 of the Act or thè accounts do nL* acc(*d ¥Mth tho 8ccountityJ r8cords I have rN) concems and have cy)me aryos5 no other matters in C￿nr￿GI￿ with the examination to which attention shouhl be drawn in older to enab$8 a proper understant1iro of the accounts lo be reached. . Aé8s• delete Ihé words An th8 brAckets rfthey do rtot 8pwy. SSgn•d: ColinLocock 10 October 2022 Name: Cc4in LcxxKk Rel￿an1 prof•88lonal quo1ffi¢otlonl$l or body lif any}- ACCA CAT PQ11 IPg. Dip. Vokjntary Administration IACIE Affiliate Ex Addr•88: 12 Park Road oseley Birmingh￿ 813 8AB IER Octobor 2018 ## **The India Dhamma Trust** ## Period of 12 months ended 31[st] March 2022 Receipts and Payments Account ||**Notes**|**2022**|**2021**| |---|---|---|---| |**Income**|||| |Donations||50,967|233,129| |Gift aid tax reclaim|1|13,962|4,419| |Other income||0|0| |**Total**||**64,929**|**237,548**| |**Expenditure**|||| |India Programme Costs|2|47,649|319,571| |Third party donor care|3|15,883|19,446| |Fundraising/donor care||240|220| |Governance Costs||75|75| |Administration||565|823| |Other expense||363|334| |**Total**||**64,775**|**340,469**| |**Net income/expenditure**||**154**|**-102,921**| There were no restricted funds. ## **The India Dhamma Trust** ## Period of 12 months ended 31[st] March 2022 |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|**2022**
22,034
**22,034**
0
**22,034**
21,880
154
**22,034**|**2021**
21,880| |---|---|---| |||**21,880**| |||0| |||**21,880**| |||124,799
-102,921| |||**21,880**| The India Dhamma Trust also held £12,786 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 2022 Notes to the accounts: 1. The Gift Aid tax reclaimed of £13,962 is in respect of donations received during the year to 31st March 2021. 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 £63,532 transferred to FutureDharma, an estimated £15,883 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 (2021)_ ).