Trustees’ Annual Report for the period
From 01 April 2022 Period start date To 31 March 2023 Period end date
Charity name: DHARMA DRUM LONDON
Charity registration number: 1200733
Objectives and Activities
| SORP reference | ||
|---|---|---|
| Summary of the purposes of the charity as set out in its governing document |
Para 1.17 | 1) Advance the education in the subject of meditation for the benefit of the public; 2) Advance the Buddhist faith within the Dharma Drum Mountain lineage of Chan Buddhism, for the benefit of the public. |
| 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 |
Mainly but not exclusively though the holding of group meditation sessions, meditation workshops, classes, meditation retreats. Also, talks, discussions, and lectures in Buddhism. |
| Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit |
Para 1.18 | The trustees confirm that they are aware of the guidance and have taken into account when making a decision to which the guidance is relevant. |
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 | ||
|---|---|---|
| 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 | In the last financial year, the charity successfully hosted weekly online group meditation sessions, bi-weekly in-person group meditation sessions, and quarterly beginners’ meditation workshops. The charity created a physical and a virtual space for relaxation and mental wellbeing, open to general public. In addition, the charity hosted one 7-day meditation retreat, allowing attendees to deepen their meditation practice. As well as one public talk about meditation-based stress management. |
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 | In the last financial year, the charity received a total cash donation of £46,194. The total cash expenditures is £14,389. The net of cash receipts is £31,805. The closing cash balance is £36,852 which includes £5,047 of cash brought forward from the previous financial year. The finance of the charity is in a healthy state. |
| Statement explaining the policy for holding reserves stating why they are held |
Para 1.22 | The charity is looking to enter a commercial property lease use as a meditation centre. The reserves are held with a view to fund future costs of property leasing. |
| Amount of reserves held | Para 1.22 | £36,852 |
| 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 | There is no uncertainty related to going concern. |
Additional information (optional)
You may choose to include further statements where relevant about:
The charity’s principal sources of funds (including Para 1.47 any fundraising) Investment policy and objectives including any Para 1.46 social investment policy adopted A description of the principal Para 1.46 risks facing the charity 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 | Article of association |
| How is the charity constituted? (e.g unincorporated association, CIO) |
Para 1.25 | Private limited company by guarantee without share capital |
| 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 | Trustee may be appointed by: a) ordinary resolution; or b) resolution of 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 | DHARMA DRUM LONDON |
|---|---|
| Other name the charity uses | LONDON CHAN MEDITATION |
| Registered charity number | 1200733 |
| Charity’s principal address | 37 GARDEN ROAD, RICHMOND, LONDON TW9 4NR |
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) |
|---|---|---|---|---|
| Xin Li | ||||
| Aurelija Jancak | ||||
| Dr Yingqin Zheng | 22 September 2022 | |||
– 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 – no assets held 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) XIN LI Full name(s) XIN LI
Position (eg Secretary, Chair Chair, etc)
Date
25 November 2023
Dharma Drum London 1200733 Receipts and payments accounts CC16a For the period 4/1/2022 3/31/2023 To from
| Section A Receipts and payments | ||||
|---|---|---|---|---|
| A1 Receipts Donation income 46,194 - - - - - - - 46,194 - - Sub total - Total receipts 46,194 A3 Payments Venue hire 180 Equipment 4,042 Software 98 Legal 313 Transaction fee 102 Website 60 Transport 150 Retreat 8,869 Activities 576 Sub total 14,389 - - Sub total - Total payments 14,389 Net of receipts/(payments) 31,805 A5 Transfers between funds - A6 Cash funds last year end 5,047 Cash funds this year end 36,852 Unrestricted funds to the nearest £ Sub total(Gross income for AR) A2 Asset and investment sales, (see table). A4 Asset and investment purchases, (see table) |
to the nearest £ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Restricted funds |
to the nearest £ Endowment funds |
Total funds to the nearest £ 46,194 - - - - - - - 46,194 - - - 46,194 180 4,042 98 313 102 60 150 8,869 576 14,389 - - - 14,389 31,805 - 5,047 36,852 |
Last year to the nearest £ |
| - - - - - - - - - |
46,194 | 5,666 | ||
| - | - | |||
| - | - | |||
| - | - | |||
| - | - | |||
| - | - | |||
| - | - | |||
| - | - | |||
| 46,194 | 5,666 | |||
| - - - |
- | |||
| - | - | |||
| - | - | |||
| - | 46,194 | 5,666 | ||
| - - - - - - - - - - |
180 | 698 | ||
| 4,042 | 109 | |||
| 98 | 144 | |||
| 313 | 26 | |||
| 102 | 43 | |||
| 60 | 53 | |||
| 150 | 30 | |||
| 8,869 | 2,000 | |||
| 576 | 10 | |||
| 14,389 | 3,113 | |||
| - - - |
- | |||
| - | ||||
| - | - | |||
| - | 14,389 | 3,113 | ||
| - | - - - - |
31,805 | 2,553 | |
| - | - | - | ||
| - | 5,047 | 2,493 | ||
| - | 36,852 | 5,047 |
Section B Statement of assets and liabilities at the end of the period
| Categories B1 Cash funds B2 Other monetary assets B3 Investment assets B5 Liabilities B4 Assets retained for the charity’s own use Signed by one or two trustees on behalf of all the trustees |
Details Cash (Barclays) Details Details Details Details Signature Xin Li Total cash funds (agree balances with receipts and payments account(s)) |
to nearest £ to nearest £ 36,852 - - - - - 36,852 - OK OK to nearest £ to nearest £ - - - - - - - - - - - - Cost (optional) - - - - - Cost (optional) - - - - - - - - - - - - - - Print Name XIN LI Unrestricted funds Restricted funds Unrestricted funds Restricted funds Fund to which asset belongs Fund to which asset belongs Fund to which liability relates Amount due (optional) |
to nearest £ Endowment funds |
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| - | |||
| - | |||
| - | |||
| - | |||
| OK | |||
| to nearest £ Endowment funds |
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| - | |||
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| - | |||
| Current value (optional) |
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| Current value (optional) |
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| When due (optional) |
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| Date of approval |
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| Xin Li | XIN LI | 11/20/2023 | |
Dharma Drum London
| 31 March 2023 | 31 March 2023 | ||
|---|---|---|---|
| Charity no.: | 1200733 | Company no.: |
I report to the charity trustees on my examination of the accounts of the above charity for the year ended 31 March 2023.
As the charity’s trustees of the Charity, you are responsible for the preparation of
the accounts in accordance with the requirements of the Charity Act 2011 (“the 2011 Act”).
I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (“the 2011 Act”). In carrying out my examination, I have followed the Directions given by the Charity Commission (under section 145(5)(b) of the 2011 Act.
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I have completed my examination. I confirm that no material matters have come to my attention (other than that disclosed below *) in connection with the examination which gives me cause to believe that:
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Accounting records were not kept in accordance with section 130 of the Act or
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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.
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27 November 2023
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