2023-03-31-accounts

Trustees’ Annual Report for the period

From 01/04/2023 To 31/03/2024

Charity name: THE GOLDEN LIGHT BUDDHA SANGHA

Charity registration number: 1178643

Objectives and Activities

	SORP reference
Summary of the purposes of the charity as set out in its governing document	Para 1.17	THE OBJECTS OF THE CIO ARE: (1)THE ADVANCEMENT OF THE BUDDHIST FAITH FOR THE BENEFIT OF THE PUBLIC THROUGH THE ACTIVITIES OF TEACHING, STUDY & PRACTICE; FOCUSSING ON THE TEACHINGS OF THE HANMI ESOTERIC SCHOOL & OF MASTER DECHAN JUEREN & HIS LINEAGE; (2)THE ADVANCEMENT OF THE BUDDHIST FAITH FOR THE BENEFIT OF THE PUBLIC THROUGH RAISING MONIES TO ESTABLISH & MAINTAIN SANGHA AND BUDDHIST CENTRES.
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	TEACHING, STUDY & PRACTICE, RAISING MONIES TO ESTABLISH & MAINTAIN SANGHA AND BUDDHIST CENTRES.
Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit	Para 1.18	Yes

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

Para 1.38 Contribution made by volunteers Other

Achievements and Performance

SORP reference Healing & Council provided, together with improved spiritual life changes. Summary of the main Para 1.20 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.

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

Financial Review
Review of the charity’s financial position at the end of the period	Para 1.21	£15
Statement explaining the policy for holding reserves stating why they are held	Para 1.22	n/a
Amount of reserves held	Para 1.22	£15
Reasons for holding zero reserves	Para 1.22	Awaiting bereavements, donations and migrating focus from Los Angeles
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	None

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
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:
Type of governing document (trust deed, royal charter)	Para 1.25
How is the charity constituted? (e.g unincorporated association, CIO)	Para 1.25	Standard Charity
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	Nominated by existing Trustees

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	THE GOLDEN LIGHT BUDDHA SANGHA
Other name the charity uses
Registered charity number	1178643
Charity’s principal address	43 MacKenzie Way, Tiverton, Devon, EX16 4AW, UK

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)
	Paul MacGowan	Secretary		ExistingTrustees
	Christine MacGowan	Chair		ExistingTrustees
	NancyBalvin			ExistingTrustees
	Megan Hegab			ExistingTrustees
	Taric Hegab			ExistingTrustees

– Corporate trustees names of the directors at the date the report was approved n/a

Name of trustees holding title to property belonging to the charity

Trustee name	Dates acted if not for whole year
n/a

Funds held as custodian trustees on behalf of others

Description of the assets n/a held in this capacity

Name and objects of the n/a charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for n/a safe custody and segregation of such assets from the charity’s own assets

Additional information (optional)

Names and addresses of advisers (Optional information)

Type of Name Address adviser

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) Paul MacGowan Full name(s) Paul Kevin MacGowan

Position (eg Secretary, Secretary Chair, etc)

Date 29/04/2024

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