2023-12-31-accounts

REGISTERED CHARITY NUMBER: 282717 rt f the Trustees an Unaudit d Financial Statements for the Year E 31 DecembeT 2023 Thinle Rirt¢h¢n Lin TNst

Rinchen Li Contents ofihe Financial Srattments tor the Year Ended 31 De¢etnber 202 Page Report of the Trustees Independent Ex8minerf5 Report Statement of Financial Activitie5 Balanc¢ Sheet Notes to the Financial Slalernenls 7 to 14 Detailed Staiemtnl of Financial Activities 15

Thinle Rirtchen Lin ort of thL TruslLts for the Year Ended 31 December 2023 Tht trusites prescni their report with the finanr2al statements of the charity for the year ended 31 Decetnb¢r 2023. The Iru51ees have adopted th¢ provisions of Accounting and Reporting by Charities". Stat¢tnent of Recommended Practice applicable to th￿ilieS preparing their accounis irt accordknte with the Fitlancial Reporting Standard applicablt in Ihc UK and Republic of Ireland IFRS 1021 (effective l January 20191. 0￿ECTIVEs AND ACTtVlTIES Objectives And aim5 The Tru51 15 a charity 3nd exists to advance the Sakyapa School of Buddhi$m and in particular the Spiritual 8uthority of Karma Thinley Rinpoche and Lama Jampa Thaye as masters of the Sakyopa school of Buddhisrn and heads of the Thinlry Rinchen Ling A550ciatiOD of Sakyapa centre5. Significant aetivities The TrU￿t held ils annual SUTnrner COUT5e at its retreat and t￿￿￿￿n8 Centre in France (Sakya Chang1(Kh¢￿ Lingl which was attended by tllaiiy people from the UK and elseivhere. During the course, and at the invitation of Lama Jgmpa Thayt, the Cenire was honoured by a visit from His Holiness 8akya Gongtna TTichen who gave teachings to the course participants a5 Well a5 a nufftber of other attendee5 including members of other Buddhist centres in the region. Publit benefit Tht Tru5te¢5 have conSid¢￿d the Charity Commission Guidance on Public Benefit in &¢cordanc¢ with the Charities Act 2011. In exercising the power5 of the Trust and pursuing the objects of the charity. public benefit is accomplished by.. Providing atetnple for the study and practice of the Sakya Buddhist te&ching& Providing retreat facilitits for practitione￿ int¢rcsied in enhancing theirstudy and Practice of Buddhist teachings through periods of solitary meditaiiort and coniemplation. Promotin8 and providing teachings ort the basic principles of the Buddhist teachings. . Establishing Ènd supwrting groups &ross EuTOP¢ in order to deliver the preceding provision. Presenting Buddhisi textu￿ teachings by lamas IquaIified Buddhi51 t¢ach¢rsl for pr2clitioners and other beneftciarieg inteff5*d in learning about the Buddha's teaching5. In a55e55ing the public benefit of the Trust'5 aim& there has been no report or evidence of dttritnent or hann flowing from the Tmst carrying out its atms. The inicnded beneficiaries of the Trust's aitn% include.. lil Prdeliiioners of Sakya Buddhism. Suth benefici8rie$ are drawn frorn a cross section of society. from around ¢h¢ U.K.. Europe and the Arllerica5. liil The wider public, who benefit from the Trust'$ aCliviti¢s by having opportunities to attend the temples and to learn about Buddhism ondlor practise meditation. In general terms, th¢ Tru5t'S activitie5 achieve public benefit a5 a result of practitioners, lifestyle$ md practice5 being in accordance with Iht ethics and values of Buddhism, thereby enriching the tnoral and Spiritual welfare of society. The Tru5t¢¢5 are satisfied that any charges for Services or request5 for regular paytnents, are reasonable and Itke into COll5ideration each beneficiary's ability lo pay. l events provided by the Trnst offer a ¢ottcessionary ra￿. Crantmaking During the year the Trust did not t[￿k¢ any grants. Volunteer5 The charity depends entirely ort vtslunte¢T5 to wry out its actEvitie5. The Board of Tyustees would like to tsk¢ this opportunity to thank all its supporters. Pag¢ I

Thinl¢ Rin rt of Ilie I'rustccs for iht Year Ended 31 Dtcember 2023 ACHIEVEMENT AND PERFORMANCE Charitable xctivities The Tru51 continu¢5 to own its retreat ccntrc in France, Sakya Changlochen Lirt& which wntinues to provide facilities for retreats and Buddhist ieachings in accordan¢t ivith its objectives. Onct again, the ennual two-wcek reireat ￿ Sakya Changlochcn Ling was held there in the summer, attracting many people from the UK. Europe and the Amcricas to leam more about the deeper Buddhist ieathTng5 and lo join in retreat together. As mentioned elsewhert the Cenire was honoured by a visit from Hi5 Floliness Sakya Gongma Trichcn d￿rIng the fortnight evenl. The tentre a]so continued 10 provide facilities foT $tnall¢r group retreats and for individual reircats by people wanting 10 d¢¢ptn their meditation practice. FINANCIAL REVIEW Fin%nciAI position As rfl¢cted in the charity's balance sh¢e¢ th¢ Trusvs fjnancial position continues to be sttbl¢ and stcur¢. Prineipal funding sources The charity's principal funding sour¢¢$ in Icspect of day to day activitie5 continue to be regular dottaiions and income from the provision olcourses and retreats. In respe£t of major expendilures. such as th¢ purcha5¢ or improverneni of property, the charity ha5 relied on appealg to member4 5uppletnented by borrowings from tinanci81 instiNtions 10 covet any shortfall on appeal fund5 raised. Reserves policy A8 a maller of policy. the Trustees intend to hold th¢ fjrnount of unrestricted reserves held in cash and equivaiertls 21 the level of approximately 3 months, regular expenditure. The board considers the charity's exposu￿ to the risk of any significant lo￿ of income ond to the risk of unforeseen expenditure, which rannot be tnitigat¢d by executive action, 2nd on this basis will decide wh¢iher the amount of assets held ￿ unrestricted cash reserves should bt increased or detreased. At the year end, the charity's available cash ￿ndS amounted to £61.547 12022 - £50,240). b¢iDg the total of ca5h-at-bank 2nd cash-in-hand, as staicd on pagc 7. The Tmsiets believe that the unr¢5trict¢d ¢￿h funds art sufficient 10 meei the tharity'5 d4y lo day quir¢m¢nts. Included in the5¢ fvnd5 15 tnoney designated for the consirnciion of a stUP4 arnounting to £24,54112022.. £24,3981. Going concern In the opinion of the Trllsiees the charity ¢onlinu¢$ to be a going conc¢nJ. FUTURE PLANS The Trust plans to build a stupa in the grounds of Sakya Changlochell Ling and, towards this end, it ha5 5¢t a5idE funds frotn a legacy and from some Substantial donations. received in prtvieus yeas.. An appeal will be raised in due cours¢ 10 &55lSt with the balance required for this project. The Trust will continue 10 organize teachings and ￿treatS at Sakya Changlochen Lin& with the next $UEnTr¢r rovrs¢ planntd for August 2024, STRucfuRE. GOVERNANCE AND MANAGEMEIYT Gtsvtrning dotumetht The governing document 15 a trust deed dated I lth May 1981 as amended by an ord¢r of 15th June 2Q05. and by a schemo of 28th FebTUary 2006. as atnended by o resolution dat•J 3rd October 2009. Recruitment and appointment of new Trustees The charity's Trustees and cotnmilte members are appointed by the Board of Tru$tee$ after due consideration being given to eligibility, personal competence. specialist slulls and local availability. Organi5ational s¢ructUTe Overall control ot the charity rests with the Board of Trustee5. Day lo day control of th¢ charity's fisnclions and firtan¢es ar¢ delegated lo local administrators appointed for Iheir sktlls and competence. Induttton and trAiDing of new Trustees New Trustee5 and committee members are inducted into the workings olthe ¢haTity by the Board of Tru5tee5. Page 2

Thinlc Riiichcn Lin ort ol'thc Trus1¢¢5 for the Year Ended 31 December 2023 STRUCTURE, GOVERNANCE AND MANAGEMENT Risk management I'h¢ Trubtee& haye a duty 10 idertlify and review ih¢ Ti$ks to which the charity is exposed and to ensur¢ appropriate controls art in place to provide re￿Ollable assurance against fraud and error. A formal review ofthe charity'5 TlSk man8g¢m¢nt processes is undertaktn on an ann￿￿ basis. The Trust maintains 8 compreli¢nsive regis*r of risk& which 18 subject 10 regular review. Through the risk Tnanagem¢nt processes established for the trust, the Injstees are satisfied that the Tnajor ri5k5 id¢ntifitd have been adequately mitigated where necessary. Tl is recognised thai systerns call only provide ￿&sollable but noi absolute assurance that major ri5Ks have been ad¢quately managed. REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number 282717 Principal gddress 121 SotntDtTrille Road Bristol BS6 SBX Trustees MrMALund Mr S G Mulligan Idecea8ed 14.6.23} Mr D J ATtllSirong Mr B J Golding Mr A M Gulrnanrt Mr P Haddon Ms M B Moore Mr C S Roger5 Indeptndent Examiner Ilannah Pettif¢r ACA OCL Accounitncy 141 Englishcombe Lane Bath BA2 2EL Approved by ord¢r of th¢ board of trustee5 on I l Octobtr 2024 and signed on its behalf by.. Mr D J Am)strong- Trustee p￿¢3

Ind cndent Examineffs Re Tru51 ort io Ihe Tru lee Independent examiner'5 report to the trustees of Thinley lknrtthen Lrng Trust I report 10 the charity tTUStees on tny examination of the accounts of Thinl¢y Rinrhen Ling Trust Ithe Trust) for the year ertded 31 December 2023. Responsibilities And basis of report A5 th¢ charity truste¢s of Eli¢ Trust you are responsible for the preparation of the account5 in accordance with the requiremen15 of the Charitie$ Aci 2011 I'ihe Ael'l. report in rtspeci of rny exatninatign of the Tru5t'5 accounts Ca￿led out under Section 145 of the Act and in carrying oui my cxarnination I have follo￿￿ all applicable Directions given by the Charity Cotnmi55ion under Seciion 14515Xbl of the Act. IndepelldeDt exAminer's statemertt I have cotnpl¢l¢d my exatninalion. I confirm that llo rnaterial mailers have cotne to my attention in connection with the examination giving me cause lo believe that in any mat¢rial r¢5pcrt: acci)unling records were not kept in resp¢ct of the Trust a5 required by Secitort 130 of the Act,. OT th¢ awount5 do not accord with Ih05e records. or the accounts do not comply with the &pplirnble requirement5 concemin8 the fotrn and content of account5 set out in the Chariti¢s (Accounts and Reports) Regulatlolls 2008 other Ihan any T¢quiremellt that the accounts give a true and fair view which is ttoi a matter cottsTdered as part of an independent examination. I have no concerns and have come across no other m&tttrs in connection with the exarninatlQD to which attention Should be drawn in this rport in order to ¢nabl¢ a proper und¢r5t&nding of the accounis to be reached. Hannah Pettifer ACA OCL Accountancy 141 Engli$hcornb¢ Lane Baih BA2 2EI. Date.. Page 4

Thirtle , Rirtehen Lin Trllsi Statement of Finanetal Aciivities for tlie Year Ended 31 tkcember 2023 31.12.23 Tol81 fund5 31.12.22 Total tunds Unrestricied fund5 Restricted funds Note5 INCOME AND ENDOWMENTS FROM Donations and legacits 16.692 16,692 9.018 Charitoble Activities Provision of cours¢5 23,120 23,120 18.086 Inv¢5tsn¢nt income 732 732 375 Total 40.544 40,544 27,479 EXPENDITURE ON Charitable aetivities Provision of courses Buddhist Centre ￿anagement 3.377 21.848 3,377 21.848 1,964 18,053 Totsl 25.225 25.225 20.017 NET IIYCOME 15,319 15.319 7.462 RECONCILIA TION OF FUNDS Total funds broughi forward 433.559 433,559 426.097 TOTAL FUNDS CARRtED FORWARD 448.878 448,878 433,559 The notes form part of these fin8ncial statefftents Pag¢ 5

Thinle Rinclien Lin Trust 31 Dec¢mb¢r 2023 31.12.22 Total funds Unrestricted funds Restricted funds Total fund5 Notts FIXED ASSETS T￿gIble L%geis Heritage assets 461,061 4,602 461,061 4,602 461,557 4,602 10 465,663 465,663 466,159 CURRENT ASSETS Debtor5 Cash at bank and in h2nd 11,558 61,547 11.358 61,547 8.950 50.240 72,90) 72,905 59.190 CREOITORS Amounts falling due within one year 12 19.0841 19.0841 121,9741 NET CURRENT ASSETS 63.821 63.821 37,216 TOTAL ASSETS LESS CURRENT LIABILITIES 329,484 529,484 503,375 CREDITORS Atnount5 falling du¢ afteT more than one year 13 180.6061 {80.6061 169.8161 NET ASSETS 448.878 448,878 433.559 FUNDS Unreslricted funds.. Stupa fi&nd General Fund 24,541 424,337 24,398 409.161 448,878 433.559 TOTAL FUNDS 448.878 433,559 The financial statements were approved by the Board of Tru5tee5 and authorised for isstse on I l October 2024 and were si8ned on its behalf by.. Mr C S Roger5- Trust The notes form part of these financial stateTn¢nts Page 6

Thinlt Rinchcn Lin Trust Notes to the Financial Siaicmcnts foi Ili¢ Year Ended 31 Der¢tDb¢r 2023 ACCOUNTING POLICIES BAsis of prepArinE the financijl statements The finjncial ststement5 of the charit),, which is # public benefit entity under FRS 102, hav¢ been prepared in accordance with the Charities SORP IFRS 1021'Accounling and Reporting by Charities.. Slateinent olRecommtnded Prnctic¢ applicable to charitie5 preparing their accounts in accordance with th¢ Financial Reporting SL￿dard applicable in the UK and Republic ol Irtland IFRS 1021 leffective l January 20191,, FinanLial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Irelattd, and the ChaFilies Act 2011. The fiThanrial 51at¢tnents have been prepared under the hisioric&l cost conwenti¢n. The finallct￿ stsiements have b¢¢n prepared to give a'true and fairf view and have departed from the Charitie5 IAccounts and Report51 Regulations 2008 only lo the extent r¢quired to provide a Irue and faiT view,. This departure has in¥olvcd following Aecountirtg and Reporting by Charities Preparing IheiT Attount5 in Accordance with the Financial Reporting Standard Applicable in the UK and Republic of Ireland IFRS 1021 i55ued on 16 July 2014 tath¢r than tht Accounting and Reporting by Chjrilies." Statement of Reconunended Practice effective frotn l April 2005 which has since been withdTaWTr. The finoncial stat¢tnents prepared in sterling which is the functional currency of the chtrity and ar¢ roundtd to the nearest Th¢ Trustee5 consider that there are no tnatcrial uncertaintie5 aboui the charity'5 ability lo continue as a going concem. Ithcome All incoTn¢ is recogni5cd in the Statement of Financial Activitie5 once the charity has ¢nlitl¢tnent to the funds. it is probable that the in¢orn¢ will be rec¢ived and the amouni can b¢ tnwured reliably. Donations are recogrtised OD rrceipt. Procedures are in place to ensure the complet¢ne5s of income. Catering income is accounted for on a cash received b&8is. Legacies are accounlcd for once the Lh4Tity i5 tiotified of its legal entitleTn¢nt and the amount du¢. Expenditure Liabilities are rtcognised as expenditUTe a5 500ll as the￿ is a legal or construttive obligation committing the charity to that ¢xpenditur¢, il 1$ probable that a transfer oleconomit benefits will b¢ required in settlement and the atnount of the obligation can be tlleasured reliably. ExpertditUTe i5 a¢count¢d for on an a¢cru￿S basi5 and hos been cla55ified under headings thai aggr¢g&te all cost related to the category. Where costs tartnot be directly attributed to particular h¢ading5 they have been aIlocaled to activities on a b￿18 consistenl with the use of resources. Allot#tioJJ of support to$¢5 Support c05t5 are those functions that ￿15t the work of the charity bui do rtoi dir¢dly undertak¢ charitable activities. Supptsrt Costs include finance and govemance costs which support the TNsVs Buddhi￿ centre managcTn¢tLt activitie5 Tangible fixed assets Depreciation is provided at the following anrtu￿ rates in ord¢r lo write otyeach asset over its estimated us¢ful lif¢. Freehold property Fixtt&res and fittings Motor vehicle5 not provided 15010 on ￿dUcIng balance 25% on r¢during balance The Trust's land and buildings are not depreciated a5 the Trustees consider they well rnaintained and in good repair and any resuliirtg deprt¢iaiion would be immateri￿. Heritage a55ets Heriiage assets ivhich are non-monetary assets held for devotional purposes ar¢ recognised on the balance sh¢¢t and initially mt&%urcd at cost when purchas¢d QT. if donated, their valuation. Assets are 5ubsequ¢ntly stated ai cost or valuation less 8ccutnulated iTnpairm¢nt 1055e5. The artefacis are not deptrcialed ￿ their value is considered to br in line with the origin21 cost. Twxatio The chariiy is exempt frotn tax on it5 charitabl£ activities. Fund accounting Unre5tric￿d fun(b tan be used in accordance with the charitable objectives al the discretion of the trustees. Page 7 continued...

Thinl¢ Rinchcn Lin Trust No1¢5 lo the Financial Sial¢m¢nls- coiilinued ror IhL YLar EndLd 31 DecLmbLr 2023 ACCOUNTING POLICIES- continued Fund accountÉng Resirietcd funds can only be u5¢d foT Wlrticular restricted purposes within th¢ objects of the charity. Restrictions arise when specified by the donor or when funds are raised for parti¢ul8T Te5trict¢d purposes. Further explanation of the llature and purpose of each fund is included in the notes to the financial statements. Foreign currenties A55tt5 and liabilitie5 in foreign currtncies are Irdn51aled into sterling al the rates of exchange Tuling al th¢ balance sheei date. Trdnsactions in foreign currentlES are tran51at¢d Into sterling al the rate of exrhange rulillg at the dait of Iran5aclion. Exchange differences are tak¢n into account in arriving ai th¢ QP¢Tating result. Donated goods, servltts or fatilities Donated goods, 5¢rvice5 or facilities are reCo￿lsed as tncome when th¢ charirj has control over the itett4 ony conditions &ssociated with Ehe donated item have been TD¢L the receipt of economic bcrtefit froTn the by the charity of the item is probable and that economic benefit can be measured reliably. On receipt, donated services and facilities are r¢cognised on the b&qis of the value of the gift to the tharity which is the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefii on the open ttkntrket,. a corr¢5ponding amount is then recogni5ed in ¢XPEnditure in the period of receipt. In accordance with the Charities SORP IFRS 1021. the general volunteer time of supporttrs i5 not recognised {refer to the Tru5tee5' annual report for more inf0m￿tIOn about Iheir conlributionl. Debtors Debtors ar¢ r¢¢ogni5ed at the settlement amount due. Prepaymen15 aTe valued at the amount prepaid. Cs5h at bank and in hand Cash at bank and cash in hand include5 c￿h and short term highly liquid inv¢5tm¢nts with a short Maturity of three months or le55 from the datt of acquisltion or opening of the deposil or similar account. Creditors and provisions Creditors gnd prgvi5ion5 recognised where the chariiy has a P￿Sent obligation resuliing from a past evellt that will normally result in the Iransfer of fund5 to a third party and the amount due 10 settle th¢ obligation can be measured or estimllted reliably. Cr¢ditor5 and provi510lls are nomMlly rt£ogrtised at their 5¢tt1¢menl amount. FinAllciAI Lllstruments The trust only hgs fina￿¢1￿1 ￿Sets and financial liabilities of a kind that qualify as ￿le financial insitutnents. Basic financial instruments are initially recognised at trans¥tion value and sub5equ¢ntly meabured al th¢ir settlement value. DONA TIONS AND LEGACIES 31.12.23 31.12.22 Donations 16,692 9,018 INVESTMENT INCOME 31.12.23 31.12.22 Rents received Deposit account iDtCTe5t 515 217 252 123 732 375 Page 8 continu¢d...

Thinl¢ Rinclien Lin Note5 to the Financial Siaiements'_ continued for the Yeai b.nded S l December 2023 INCOME FROM CHARITABLE ACTIVITIES 31.12.23 31.12.22 Activiry Provision of courses Course fees 23,120 18,086 CHARITABLE ACflVITIES COSTS Support co$t515¢¢ not¢ 61 Dire Costs Totals Provision of courses Buddhist CeDtr¢ management 3,377 3.377 21.848 21,848 3,377 21,848 25,225 SUPPORT COSTS Governance Costs Manag¢tntnt FinaDc¢ Other Totals Buddhist C¢nlrc tn4nagem¢nt lJ.188 6.072 1,718 870 21,848 The charity did not employ any paid staff. Support Costs, included in the Above, are as follows.. MsnAgemtnt 31.12.23 Buddhist Centr¢ management 31.12.22 Total acliviiie5 Rates and water Ingurancc Light and heat Telephone Postage and stationery Sundrie5 Repairs and maint¢nan¢r Motor and travel 4.285 ,392 377 585 2.120 1,336 384 588 782 4.958 800 369 4.331 .476 10,609 FinAnce 31.12.23 Buddhist C¢ntre mattagement 31.12.22 Total Bank chargts Exchange profit or1055 831 269 4,972 767 1251 2.820 6.072 3,562 PagE 9 conlinutd...

'rhinl Rinchtn Lin Trust Noles lo the Financial Sialemenls- continue for tht Year Ended 31 Decetnb¢r 2023 SUPPORT COSTS- continued Other 31.12.23 Buddhist Cenire managetnent 31.12.22 Total activities DepYe¢iatitrn of tangible fix￿ ￿setS 1,718 2.982 Governanee costs 31.12.23 Buddhisi Ccntre management 31.12.22 Tota activitie5 Lndependent examinerfs fees 870 9(MJ TRUSTEES, REMUNERATION AND BENEFITS There were no tru5tee5' remurteration or other b¢nefJts for the year ended 31 December 2023 nor for the year tnded 31 Deccmber 2022. Tru5tee5' ¢Kpenses The￿ were no tru5tee5' expenses paid for the ycar ended 31 DecembeT 2023 nor for the year ertdtd 31 tkcember 2022. COMPARA TIVES FOR THE STA TEMENT OF FINANCIAL ACTIVITIES Unr¢5tricted funds Resthct funds Toial funds INCOME AND ENDOWMENTS FROM Dondions legacies 9.018 9.018 Ch&ritable activities PTQVi5ion of course5 18,086 18,086 Inv¢5thnent incom¢ 375 375 TotAI 27,479 27.479 LXPENDITURE ON Charitable activitie5 ProvTsion of ¢our5¢S Buddhist Centre management 1.964 18,053 1.964 18.053 Total 20.017 20,017 NET INCOME 7,462 7,462 RECONCILL4TION OF FUNDS Total funds brought forward 426.097 426.097 TOTAL FUNDS CARRIED FORWARD 433,559 433,559 Page 10 continued...

Thinle KtIlLhen Lin Trust Notes to Iht Finaiiiial SidiLmentS Lontinued for the Year F.nd¢d 31 December 2023 TANGIBLE FIXED ASSETS Fixtures FT¢thold property MotOT vehicles rillings Totals COST At l Jonutry 2023 Additions 451,715 28,152 3.242 483,109 1,221 At 31 Decernber 2023 451.715 29,373 3,242 484.330 DEPRECIATION At l January 2023 Charge foryear 18,887 1.573 2,665 144 21.552 Al 31 December 2023 20,460 2.809 23,269 NET BOOK VALUE At 31 December 2023 451.715 8,913 433 461,061 At 31 December 2022 451,715 9.265 577 461,557 io. HEIUTAGE ASSETS COST AND NET BOOK VALUE 31.12.2023 31.12.2022 Herittge &8eis con$ist of religious anefacts in¢luding Statues and paintings which are held for devotion81 purposes. Arc¢55 i5 p¢rmitted to visitors to the tentre5. Heritage assets purchased are Slated at cost, while donated iietn5 are srated at market value at the time of the gitL' they are no¢ depreci￿ed as their value 15 considered 10 b¢ at l¢a5t th¢ original cosi. Such objecis are acquired as nt¢ded, and subject to the approval of the Board of Tru51ees. They are maintained in good order by volunteers and an inventTrry j5 kept for insurdnce and adtninistrati¥e puryoges. The cost ofacquisiiion of such #￿ts purchased over the1&5t five years is as follow5.- 2023 NIL 2022 - NIL 2021 NIL 2020 - NIL 2019- NIL Value of ￿Sets acquired by donation.. 2019 10 2023.. NIL Non¢ of the h¢rilage a55els have be¢n revalued.. DEBTORS 31.12.23 31.12.22 Atnount5 falling due within one y&v'. OtheT dtbiors PrepayTlltnts 950 2.416 2,416 950 Pagell coniinutd...

Thinle Rinclien l.in I'ru5t NDte5 to the FTnancial Statetn¢nls- continued lor the Year Ended 31 Decembcr 2023 DEBTORS- cothtinutd 31.12.23 31.12.22 Amounts falling due after more than on¢ year.. Other debtors 8.942 Aggregate amounts 8,950 J2. CREDITORS: AMOUNTS FALL￿G DUE WITHIN ONE YEAR 31.12.23 31.12.22 Bank loans and overdrafts {$ee note 141 Other loan5 (see note 141 Oiher creditors Accrued expenses 6.958 1.221 900 1,974 19,095 900 9,084 21,974 'OtheT loans" represent an amount borrowed from Sakya D¢chen Buddhism Ltd, of which the liability due wthin one year is £6.958 12022.. £1,974). 13. CREDITORS: AMOUNTS FALLING DUE AFfER MORE THAN ONE YEAR 31.12.23 31.12.22 Other loans15¢e note 141 80,606 69,816 'Oiher loans. includt an amount borrowed from Sakya Dech¢n Buddhism Lid, ol which the liability du¢ after one year is £79.656 12022.. £68.886. The balance of £950 rep￿S¢llts sums advanced by supporters of the Trust 59m¢ YE￿ ago. 14. LOANS An analysis ofthe maturity of104ns 15 giv¢n below.. 31.12.23 31.12.22 Amounts falling due within one year on demand-. Bank overdraft5 Other loans 6,958 1.974 6.963 1.979 ATnount5 falling betwtcn one and two years.. Other loans- 1-2 years 8.746 2,102 Atnounts falling due between two fivt years.. Other loans- 2-5 years 28,607 7,178 Amounts falling in more than five y¢at5'. Repayable by instalments.. OtheT loans rn0￿ 5y3 instal Repayable otherwise than by instaltnents.. Other loans due in greater th8n 5 years- non instalrnent5 42.303 59,586 950 950 Page 12 continued...

Thinle Rinchen Lin Tru81 Notes ro the Financial Siaiemenis- cgntinued for the Year Ended 31 December 2023 15. MOVEMENT tN FUNDS Net tngv¢m¢nt in lunds Ai 31.12.23 Ai 1.1.23 Unrestricted fund5 Stupa fllnd Gentral Fund 24.398 409,161 143 15.176 24.541 424,337 433.559 15,319 448.878 TOTAL FUNDS 433.559 448,878 Net rnoveTnent in full￿ included tn the abov¢ arE as follows.. Incoming regouTC¢5 Resourtes expended Movement in fund5 Ullrestricted fuvds Stupa fun G¢nETal Fund 143 40,401 143 15.176 125,2251 40.544 125,2251 15,319 TOTAL FUNDS 40,544 125,2251 15,319 Compgratives for movement iD funds Net movernenl in fund5 At 31.12.22 AL 1.1.22 Urjrestricted funds Siupa fund Gen¢r&l Fund 24,339 401.758 59 7.403 24,398 409,161 426.097 7,462 433.559 TOTAL FUNDS 426,097 7.462 433,559 CoTnparative net movement in funds. included in th¢ above are as follows.. Lncoming resourc¢5 Rwurccs expended Movement in funds Unrestricted funds Stupd fund General Fund 59 27,420 59 7.403 120.0171 27,479 120,0171 7.462 TOTAL FUP4DS 27.479 {20,QI 71 7,462 Page 13 coniinucd...

Thirtle Rinihen Lin Notes 10 thL FinanLial Siaiemen15- continued for the Year Elided 31 Decetnber 2023 15. MOVEMENT IN FUNDS- fontinued A eurrent year 12 mortihs and PTior year 12 months combined position is as follows.. Nei moverneni in fi]nds At 31.12.23 Ai 1.1.22 Unrestricted funds Stupa fund General Fund 24,339 401,758 202 22,579 24,541 424.337 426,097 22.781 448.878 TOTAL FUNDS 426,097 22.781 448,878 A ¢urrent yw 12 rnonth5 and prior year 12 months combined net mov¢toent in fiJnd5, included ID the above are as follow5.. Itlcoming resources Resources expended Movetnent in funds Unrestritted fu￿d$ Stupa Mnd General Fund 202 67.821 202 22,579 145,2421 68,023 145.2421 22,781 TOTAL FUNDS 68,023 145,2421 22,781 As noted elsewhe￿ the Tru$*¢5 have set &8ide £24,541 tOWgTd5 the buildtn8 of a 51upa in the fuiure. 16. RELATED PARTY DISCLOSURES As tt 31st Detetnb¢r 2023. the Trust owed tht of £86,613 12022.. £70,840) to Sakya Dechen Buddhism Ltd. ISDBI, a registered charity. Ihe majority of whost directo￿ are ￿50 Trnstees of the Trust. InteTeSt of £4.972 was charg¢d during the y¢ar Th¢ loan 15 unKru￿d and due to be fully repaid by monthly installtn¢nls. tnding in October 2032. Th¢ Trust wa5 OW￿ £8.1100 by SDB. interest-free with no fIxed datt foT rePa￿ne￿I. Page 14