Trustees’ Annual Report for the period
From 03.07.2024 Period start date To 02.07.2025 Period end date Charity name: Foundation for the Preservation of Yungdrung Bon
Charity registration number: 1173639
Objectives and Activities
| SORP reference | ||
|---|---|---|
| Summary of the purposes of the charity as set out in its governing document |
Para 1.17 | To advance the education of the public in general on the subject of Yungdrung Bon; to promote research for public benefit into all aspects of that subject and to publish the outcomes of such research and teaching; to ensure the teachings of Yungdrung Bon are preserved in the world. |
| 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 |
- January 2024 marked the centenary of our Honorary Member Yongdzin Lopon Tenzin Namdak and our founding members Carol Ermakova and Dmitry Ermakov were invited to present at an academic conference held in the Bon monastery in Kathmandu. They were also invited to contribute papers for a special Centenary Publication. These papers, plus Dmitry’s presentation, have subsequently been made available via our website. - Just a few months later, Yongdzin Rinpoche passed away, and FPYB actively shared prayers, practices and information via our website. These were greatly appreciated by the worldwide congregation. - In June, we launched a new Prayers&Practices page on our website. This offers a growing selection of materials in several languages. - While in Kathmandu, we were able to donate a large number of our books, printed locally, to Khenpo Lungrig Nyima for his monastery library in Ladakh. - This year we began collaborating with Spanish translators. Several prayers have been translated, 2 books have been translated, and we are currently looking at publishing options. - This year, we organised our first ever seminar retreat. Held in Italy,it was |
| attended by people new to this tradition as well as those who have been studying Yungdrung Bon for many years. Participants came from German, Holland, UK, Germany and Switzerland. Drubdra Khenpo led the seminars, and was also invited to talk at La Sapienza University in Rome; his presentation was also broadcast online and translated into several languages. This event was gratis, and the costs of the trip to Italy were generously borne by a local sponsor. - Following the success of the first seminar, a second was held in May. Although very meaningful, this was less successful from a financial point of view. - FPYB also co-organised a weekend seminar in London. The course was open to everyone, and many people were interested in our educational materials. - In both Italy and London, Drubdra Khenpo led traditional rituals to harmonise the natural environment, and in particular, to help purify all aspects of waterways. Both events were well attended, and in conjunction with this, we prepared an informative article on our website for those who want to continue this practice at home. We also translated the ritual text from Tibetan into English, and Italian, together with instructions. |
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|---|---|---|
| Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit |
Para 1.18 | All Trustees hereby confirm that they have had due regard to the guidance issued by the Charity Commission on public benefit. |
Additional information (optional) You may choose to include further statements where relevant about:
SORP reference Para 1.38 Policy on grant making Para 1.38 Policy on social investment including program related investment
| Contribution made by volunteers |
Para 1.38 | The Foundation is staffed solely by a handful of volunteers. Their work includes translating texts from Tibetan to English; translating FPYB publications from English to other languages; layout and design of publications; coordinating fund-raising campaigns; accounting; managing social media and FPYB website; replying to emails; all legal matters, including ensuring FPYB publications are not spread on unsanctioned websites. Since September 2024, our volunteer secretary has also taken on all the administration for organising meditation seminars in Italy. |
|---|---|---|
| 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 | - A sizeable collection of FPYB publications donated to Khenpo Lungrig Nyima’s monastery library and currently available to the monks, nuns and general public. - 4 new books in English, 2 in Russian, and 4 in Italian. - By offering several prayers in several languages, all gratis and freely available from our website, FPYB is contributing to the general wellbeing and mental health of the society as a whole; - Provided information, including a video, on how to harmonise one’s natural environment, particularly water; - The publication of books for advanced meditators goes some way to meeting the growing need for high-quality study materials; - In response to requests from the general public, we re-edited and published a book dedicated to understanding death. This is obviously of great benefit and comfort to countless people. - Thanks to donating proceeds from the sale of one book directly to the main Bonpo monastery in Nepal, the building project to provide better living quarters, classrooms and a temple for the monks and nuns is progressing well. |
Additional information (optional)
You may choose to include further statements where relevant about:
| Achievements against objectives set |
Para 1.41 | |
|---|---|---|
| Performance of fundraising activities against objectives set |
Para 1.41 | |
| Investment performance against objectives |
Para 1.41 | |
| Other |
Financial Review
| Review of the charity’s financial position at the end of the period |
Para 1.21 | At the end of this financial period, FPYB funds are down by £1,203. This is largely due to losses associated with the second retreat in Italy, as well as with the Centenary Conference in Nepal. Nevertheless, at year’s end we closed with £2,081 held in FPYB PayPal account and £4,211 held in FPYB current account. This is still more than the £5,000 with which we started the Foundation. |
|---|---|---|
| Statement explaining the policy for holding reserves stating why they are held |
Para 1.22 | FPYB does not have a reserves policy as we are such a small CIO. |
| Amount of reserves held | Para 1.22 | N/A |
| Reasons for holding zero reserves |
Para 1.22 | N/A |
| Details of fund materially in deficit |
Para 1.24 | N/A |
| Explanation of any uncertainties about the charity continuing as a going concern |
Para 1.23 | N/A |
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 | This year, our main source of funds was book sales. We also received larger general donations than in previous years. This is largely due to an outpouring of generosity and gratitude for all the spiritual |
|---|---|---|
| materials we provided gratis around the time of Yongdzin Rinpoche’s death. We also received generous sponsorship for the first meditation seminar in Italy (October 2024). |
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|---|---|---|
| Investment policy and objectives including any social investment policy adopted |
Para 1.46 | |
| A description of the principal risks facing the charity |
Para 1.46 | |
| Other |
Structure, Governance and Management
| Description of charity’s trusts: |
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|---|---|---|
| Type of governing document (trust deed, royal charter) |
Para 1.25 | Constitution |
| How is the charity constituted? (e.g unincorporated association, CIO) |
Para 1.25 | CIO |
| 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 | (from our Constitution) 10. Appointment of charity trustees 1) Appointed charity trustees a) Apart from the first charity trustees, every appointed trustee must be appointed by a resolution passed at a properly convened meeting of the charity trustees. b) In selecting individuals for appointment as appointed charity trustees, the charity trustees must have regard to the skills, knowledge and experience needed for the effective administration of the CIO. 11. Information for new charity trustees The charity trustees will make available to each new charity trustee, on or before his or her appointment: a) a copy of the current version of this constitution; and b) a copy of the CIO’s latest Trustees’ Annual Report and statement of accounts. 12. Retirement and removal of charity trustees 1) A charity trustee ceases to hold office if he or she: a) retires by notifying the CIO in writing (but only if enough charity trustees will remain in office when the notice of resignation takes effect to form a quorum from meetings); |
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 charity’s organisational structure and any wider network with which the charity works |
Para 1.51 | |
| Relationship with any related parties |
Para 1.51 | |
| Other |
Reference and Administrative details
| Charity name | Foundation for the Preservation of Yungdrung Bon |
|---|---|
| Other name the charity uses | FPYB |
| Registered charity number | 1173639 |
| Charity’s principal address | 3, Low Bishopley Cottage, Frosterley, Bishop Auckland. County Durham. DL132SR |
Names of the charity trustees who manage the charity
| 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 |
Trustee name | Office (if any) | Dates acted if not for whole **year ** |
Name of person (or body) entitled to appoint trustee (ifany) |
|---|---|---|---|---|
| DmitryErmakov | Chair | |||
| Zeyno Argyen Dodd |
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| Dominique Troulay | ||||
– 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 N/A 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)
| Additional information (optional) Names and addresses of advisers (Optional information) |
Additional information (optional) Names and addresses of advisers (Optional information) |
Additional information (optional) Names and addresses of advisers (Optional information) |
|---|---|---|
| Type of adviser Name Address |
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| Name of chief executive or names of senior staff members (Optional information) | ||
Exemptions from disclosure
Reason for non-disclosure of key personnel details
Other optional information
Declarations
The trustees declare that they have approved the trustees’ report above.
Signed on behalf of the charity’s trustees
Signature(s) ~~a~~ Full name(s) Dmitry Ermakov Position (eg Secretary, Chair Chair, etc) ~~—ee—~~ Date 30/04/2026
| CC16a Foundation for the Preservation of Yungdrung Bon 03.07.2023 02.07.2024 No (if any) Charity Name Receipts andpayments accounts Period start date Period end date To For the period from ~~ee ee ee ee-~~ |
CC16a Foundation for the Preservation of Yungdrung Bon 03.07.2023 02.07.2024 No (if any) Charity Name Receipts andpayments accounts Period start date Period end date To For the period from ~~ee ee ee ee-~~ |
CC16a Foundation for the Preservation of Yungdrung Bon 03.07.2023 02.07.2024 No (if any) Charity Name Receipts andpayments accounts Period start date Period end date To For the period from ~~ee ee ee ee-~~ |
CC16a Foundation for the Preservation of Yungdrung Bon 03.07.2023 02.07.2024 No (if any) Charity Name Receipts andpayments accounts Period start date Period end date To For the period from ~~ee ee ee ee-~~ |
CC16a Foundation for the Preservation of Yungdrung Bon 03.07.2023 02.07.2024 No (if any) Charity Name Receipts andpayments accounts Period start date Period end date To For the period from ~~ee ee ee ee-~~ |
CC16a Foundation for the Preservation of Yungdrung Bon 03.07.2023 02.07.2024 No (if any) Charity Name Receipts andpayments accounts Period start date Period end date To For the period from ~~ee ee ee ee-~~ |
CC16a Foundation for the Preservation of Yungdrung Bon 03.07.2023 02.07.2024 No (if any) Charity Name Receipts andpayments accounts Period start date Period end date To For the period from ~~ee ee ee ee-~~ |
CC16a Foundation for the Preservation of Yungdrung Bon 03.07.2023 02.07.2024 No (if any) Charity Name Receipts andpayments accounts Period start date Period end date To For the period from ~~ee ee ee ee-~~ |
CC16a Foundation for the Preservation of Yungdrung Bon 03.07.2023 02.07.2024 No (if any) Charity Name Receipts andpayments accounts Period start date Period end date To For the period from ~~ee ee ee ee-~~ |
CC16a Foundation for the Preservation of Yungdrung Bon 03.07.2023 02.07.2024 No (if any) Charity Name Receipts andpayments accounts Period start date Period end date To For the period from ~~ee ee ee ee-~~ |
CC16a Foundation for the Preservation of Yungdrung Bon 03.07.2023 02.07.2024 No (if any) Charity Name Receipts andpayments accounts Period start date Period end date To For the period from ~~ee ee ee ee-~~ |
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|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Section A Receipts and payments | Section A Receipts and payments | |||||||||||
| Unrestricted funds |
Restricted funds |
Endowment funds |
Total funds | Last year | ||||||||
| to the nearest £ |
to the nearest | to the nearest £ | to the nearest £ | to the nearest £ | to the nearest £ | |||||||
| A1 Receipts | ||||||||||||
| Donations | 2,230 | - | - | 2,230 | 835 | |||||||
| eBook sales | 168 | - | - | - | 168 | 1,070 | ||||||
| Book sales | 3,641 | - | - | - | 3,641 | 5,087 | ||||||
| Italyretreats | 5,900 | - | - | - | 5,900 | - | ||||||
| Bank interest | 10 | - | - | - | 10 | 5 | ||||||
| London retreat | 500 | - | - | - | 500 | N/A | ||||||
| Royalties | - | - | - | - | - | N/A | ||||||
| Social mediagivingschemes | 69 | - | - | - | 69 | - | ||||||
| Sub total(Gross income for AR) |
(Gross income for AR) 12,518 |
- | - | - | 12,518 | 6,997 | ||||||
| A2 Asset and investment sales, (see table). - - - - - - - - - Sub total - - - - - Total receipts 12,518 - - 12,518 6,997 ~~—————~~ |
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| A3 Payments | ||||||||||||
| IT, webhosting, email, software | 1,718 | - | - | - | 1,718 | - | ||||||
| Equipment & repairs | 581 | - | - | - | 581 | 67 | ||||||
| Royalties | 631 | - | - | - | 631 | 1,537 | ||||||
| Bookpublishing | 902 | - | - | - | 902 | 625 | ||||||
| Bank charges | 67 | - | - | - | 67 | 42 | ||||||
| Book donations | 132 | - | - | - | 132 | 346 | ||||||
| Travel | 5,606 | - | - | - | 5,606 | 443 | ||||||
| Italyretreat | 2,735 | - | - | - | 2,735 | 11 | ||||||
| London retreat | 407 | 407 | ||||||||||
| Postage & stationery | 296 | 296 | ||||||||||
| Other | 765 | - | - | - | 765 | 306 | ||||||
| **Sub total ** | 13,840 | - | - | - | 13,840 | 9,188 | ||||||
| A4 Asset and investment purchases, (see table) - - - - - - - - Sub total - - - - - Total payments 13,840 - - 13,840 9,188 ~~—————~~ |
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| Net of receipts/(payments) - 1,322 - A5 Transfers between funds - - - A6 Cash funds last year end 5,838 - - Cash funds this year end 4,516 - ~~SS~~ |
- - - - - - 4,516 ~~= 55>~~ |
- - - - - - 4,516 ~~55>~~ |
- - 1,322 - 2,191 - - 5,838 5,838 - 4,516 3,647 ~~55>~~ |
CCXX R1 accounts (SS)
30/04/2026
1
Section B Statement of assets and liabilities at the end of the period
| Unrestricted | Restricted | Endowment | ||||
|---|---|---|---|---|---|---|
| Categories | Details | funds | funds | funds | ||
| to nearest £ | to nearest £ | to nearest £ | ||||
| 4,211 - 2,081 - 6,292 - - CAF Bank PayPal Total cash funds ~~————~~ |
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| (agree balances with receipts and payments | (agree balances with receipts and payments | |||||
| account(s)) | 39 | OK | OK | |||
| Unrestricted | Restricted | Endowment | ||||
| funds | funds | funds | ||||
| Details | to nearest £ | to nearest £ | to nearest £ | |||
| B2 Other monetary assets | - - - - - - - - - - - - - - - - - - zero ~~—_——~~ |
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| Details | Fund to which asset belongs |
Cost (optional) | Current value (optional) |
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| B3 Investment assets | - - - - - - - - - - zero ~~ae~~ |
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| Details | Fund to which asset belongs |
Cost (optional) | Current value (optional) |
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| B4 Assets retained for the charity’s own use |
- - - - - - - - - - - - - - - - - - zero ~~matt~~ |
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| Fund to which | Amount due | When due | ||||
| Details | liability relates | (optional) | (optional) | |||
| Signed by one or two trustees on behalf of all the trustees B5 Liabilities CCXX R2 accounts (SS) |
- - - - - Date of approval 30.04.2026 Print Name DmitryErmakov Signature zero 2 30/04/2026 ~~——=~~ |