## **Trustees’ Annual Report for the period** ## **From 01 April 2023 Period start date To 31 March 2024 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.| ## **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 £70,947.
The total cash expenditures is £10,567.
The net of cash receipts is £60,381. The
closing cash balance is £97,233. 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|£97,233| |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
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|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|||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| ## – 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** 16 December 2024 **Dharma Drum London 1200733 Receipts and payments accounts CC16a For the period** 4/1/2023 3/31/2024 **To from** |**Section A Receipts and payments**||||| |---|---|---|---|---| |**A1 Receipts**
Donation income
**70,947**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**70,947**
**-**
**-**
**_Sub total_ -**
**_Total receipts_ 70,947**
**A3 Payments**
Venue hire
**1,100**
Equipment
**51**
Software
**96**
Legal
**163**
Transaction fee
**97**
Website
**57**
Transport
**-**
Retreat
**8,020**
Marketing
**737**
Activities
**245**
**_Sub total_ 10,567**
**-**
**-**
**_Sub total_ -**
**_Total payments_ 10,567**
**_Net of receipts/(payments)_ 60,381**
**A5 Transfers between funds**
**-**
**A6 Cash funds last year end**
**36,852**
**_Cash funds this year end_ 97,233**
**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 £**
**70,947**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**70,947**
**-**
**-**
**-**
**70,947**
**1,100**
**51**
**96**
**163**
**97**
**57**
**-**
**8,020**
**737**
**245**
**10,567**
**-**
**-**
**-**
**10,567**
**60,381**
**-**
**36,852**
**97,233**|**Last year**
**to the nearest £**| |||**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**|**70,947**|**46,194**| ||||**-**|**-**| ||||**-**|**-**| ||||**-**|**-**| ||||**-**|**-**| ||||**-**|**-**| ||||**-**|**-**| ||||**-**|**-**| ||||**70,947**|**46,194**| |||||| |||**-**
**-**
**-**|**-**|| ||||**-**|**-**| ||||**-**|**-**| |||||| |||**-**|**70,947**|**46,194**| |||||| |||**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**|**1,100**|**180**| ||||**51**|**4,042**| ||||**96**|**98**| ||||**163**|**313**| ||||**97**|**102**| ||||**57**|**60**| ||||**-**|**150**| ||||**8,020**|**8,869**| ||||**737**|**-**| ||||**245**|**576**| ||||**10,567**|**14,389**| |||||| |||**-**
**-**
**-**|**-**|| ||||**-**|| ||||**-**|**-**| |||||| |||**-**|**10,567**|**14,389**| |||||| ||**-**|**-**
**-**
**-**
**-**|**60,381**|**31,805**| ||**-**||**-**|**-**| ||**-**||**36,852**|**5,047**| ||**-**||**97,233**|**36,852**| ## **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)
Cash (COOP)
Cash (Savings)
**Details**
**Details**
**Details**
**Details**
Signature
_Xin Li_
**_Total cash funds_**
(agree balances with receipts and payments
account(s))|**to nearest £**
**to nearest £**
**53,613**
**-**
**3,620**
**-**
**40,000**
**-**
**97,233**
**-**
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**| |---|---|---|---| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||OK| ||||**to nearest £**
**Endowment**
**funds**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**Current value**
**(optional)**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**Current value**
**(optional)**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**When due**
**(optional)**| ||||| ||||| ||||| ||||| ||||| ||||| ||||Date of
approval| ||_Xin Li_|XIN LI|9/23/2024| ||||| Dharma Drum London |31 March 2024|31 March 2024||| |---|---|---|---| ||||| |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 2024. 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. - 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: - 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. **----- Start of picture text -----**
25 September 2024
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