Kangyur R1nphe Foundatlon Trusto0• Report and Auditéd Accounts For th9 Year Ended 31 Do¢ember 2023 PRB A¢untants LLP Kingfisher Fk>use Hutshvood Grange HuT80d Lane H8ywads Healh We51 Sussex RH17 7QX
Kangyur Rlnpoch8 Foundatlon Charlty Infomiatlon Kangyur Rlnpoch8 Foundation was recogn181 as a ¢harity bylhe Charity Comm1881 (Lmderthe Chaiitigs Act 19601 in 1982 Trusteés Larne Gelhin Jennifer Kane Caroline L8tharn Charte8 HaSng8 David Smith John Cantl Taklung Tsetul Pema Wawal Dqw8 Horeau Mike Slaaj Khyentse jigr Choll•y Eweth Stead Ghurlty Number 284845 Charity Addrngs Mlke Si8a 152 croscrt Dve South BrvJht BN2 8sA Aud PR8 kcountants LLP Klngfisher House Hurstwood Gran Hur8twood Lane H8yW8rds Heath We* Sussex RH17 7QX
Trustees of the Kangyur Rlnpoche Foundatlon Annual Report for the year ended 31 December 2023 Overviow The Foundaton 1ved donalh)n8 in 1he amount of £1,786k duriro the year12022 - £632kl sunificAnt incrèase was mainly due to a large dOnatiOr frorn or SUPfMyler. He donat¢d just over £1 mlllion to support the act1w1 of the FoundatK)n. This has ellabd the FOundatn lo support many rmrè Worthwhi projects and to supwrt rnany peop in d. The higher levèl of iome has. uTrJer the Charity Cornm1On njses. required th¥ F(yJndation to have ts accounts fully auditsd thk% year as opp¢xed to kirKJ 5ndeprthy examined. Donations made by the Foundation amountsd lo É1,30((2022- £454kl. prirnarity torprojects in Tibet. Nepal and India. As at December 2023 the F(xJndation ha5 restricled funds of £11k12022- £12kl. We fijnd projects that prowde tyyucation and suppcwt to thiklren, induding BaMl pt4 in Nepal and the education ol the Baudha Street chikjren.. we have suwrteé institutions in SI1 (Ven. DrAlnipChtn Rinpocel aTrJ tn Shimla [TaUng Tsetull. We havg aL80 3bk to $upport projects in fibel This y&arwe have continu8d to donate monw Io San9 INeS. In parbUj horse8 in Uruguay and fish in fibtst and Hong Kong Theffj has been vèry lrttie progress with confeEnts tre that is proposed to te buih in Franc8 Ithough we a still hop6fv1 that planning perrnissK)n will b8 galned in the ne, few yeaT5. Work is prou$s1Dg on finali8ing the plarts forthe library and 5•eking req¢Jid lundiny. The Foundation is very appwiat've tsfthe work uThrtaken by vdunteers in Meth" its obpdNes and In keeping its athinistration (xyJts to a min1rni. History of the Charlty The organisation was sgt up by 5 loundirg tru8t8as in 1980. Kayur FlnrK)c*e was a special teachgr and this charity seeks to (xintinue work in relievlng pjverty, distress suffering in any part ol the worfd with particular referen to diildren and displaced pers.
Tru8t88s of the Kangyur Rlnpoche Foundatlon Annual Report for the year onded 31 December 2023 Tru8fEe¥ Glv•n the age olthe thgrity no Bet nJK¥ wlthkn the tmt daed about ts rrinmurn nurnr8 of trustees. ou¢xats nurrknrs or thgth geT¥1 •thd rÈ8fwArrtffl. A remw ofthe Irustsè mambehlp 8.11 18t rquir& forth8 th2rfty Is und8rtaw yearty tQthSLre that tha Foundation haa th8 etvoriate Trix of &knlL8. It W89 ndl tre ¢urrnrrt meot the ¢harlUgs' rEquiretnents at the prtnl titrt Extal adw B 80Lb3ht where is a need for s15 rK knovlaJgar889 not rnvet8I byth8 tru8t88S. pu1¢ B•nollt Stothrneftt In pur8ulro our dJjBcM8 and acmes for ts year. the Tru8teos have glven eonsldgrayon to the du9 Set out in section 17 01 Ihe Charrw Act 2011 to due rÈganl to PL4ic bÈn8flt. In partjcular, the Tw¥tee9 have tyJnSKbrl how th¥ Flan admtsgs will CDftlributs ¢0 the overall thB and OblVe5 thHt they have 88t Th• Trustees b8lieyolh&tthe gbove and the r48Lth8 the b8neft th8t the provh*8 toth puL4i CoMtitirt6on, obJ•Gt and polkh¥ ohsrty 869ks fo.. Releve povwty, distres8 and $uftsrfng In any part of8 . Iwth pthwiar fel&p8 to and such per8onB are (thsplaoth, ¥iat¢lgSS W lUgeeS farn1 and dgpeThl8nts of Such p¢t5Dn5 8nd in particulw Ihtse olfib8tsn race Or01n 8ThJ to Bdvarfft ts educthn of&Lh p5. strt8mert of TBSPOnSlbilltieB of th•tm$tees Law aprli¢gbb to charthes bn ErvJl2rKI ard Wales the trL•tg88 lo Prepa finandal ststemonts foreach final y88rvhlch 9iva a liue aj fair olthe chaiitrls finaDdal al[1?$ dwirG the d of its finwckl posltjon at the eNi of thè sear. In ppar ljw stateThrts. t trustees arg ulred lo...
S8180t8uttBLlts •¢COUg ard Hppty Make 8stim8sth&ate rea8 4tvJ State 8pplicaLle a¢LounUThJ stardpros 4nd slath h&ve baen 0Ed. wb)8dtO 8ny departures d&cir>yed Èx¥laW In sta{Ent Pr8pAre t8&81 ÈlhteTrnt8 iciro rjmrn io tM8SUW Ih•ttha ch8rfty c£jnUe kn opwaik)n. Th6 trustees are r8stble far keeprg pr¢¥xr acwLfftlrvJ rjd9 whth dtsd08e rewnth8 a(Y at any time tkng financlal positiop ol Ihe charity tc enab them to Sure that theffinandal stst8rnents wmply wlh IhÈ Ch3riti&s Act 2011. They are abo rtssponth fw 8afeguardlng the awts of th8 Charity henc ts laktho wsw8bl8 Steps Lie prevenJaD Df fr8LKI and other irregLlarlJeB.
Truslee3 of the Kangyur Rlnpoche Foundptlon Annual Report for the year eNled 31 Decembar 2023 Rlgk manaqarnent The truBt8es act•ty review ts rna1 tsks wht the tharfty IS on • r8guLHr b&¥li aTrJ tr they hav• a8118d $y6bm8 ¢0 Methe 8ignrfiEant olOnl ana bu91 rfsks. re8pect to Ask asectiatsd with ttIO1 fiaud Ihp Trl1 appL¥rrtett Trust¢• to Over this ar8alo erJ that aB far 89 fs pr6Fibb ts rk offrathy L8 mnlmtse4J. Fln•Dclal rèvf•w rhe tharhy rècudttl a surp14 far thg year 31 2tr23 of £324k12022 - £71. 8¢rictod 8urplu¥ cared frwgrd amouots tp £11k &id trft unres1ri¢d 8UrFI c4rrl&Y f0Thrd amounts to £2,1&9k as at 31 [ctrr202S. The applicJb)n of aurplLW revkyAtd reg h der thèy can be u88d to make ths most imp¥t in tho Found•tion'& Obje1¥8# Re8eMs Poilcy A large propottion Of monleB ar8 tsxpended a8 and ftJrYJs w• 8va18t4e. To be prudent, o)nwcler8d that a ertaii levd of re9erYe6 8hou1 be to m8et urfforeseen cwcun%tances, It h88 teen agr88d that ftl le88t 3 montrffj, Df experrI fis hekl in Ixh end rwrv&s at 811 tim85. Inve¥tmenl pollcy Inve51ments 8totsd In the b819nCt sheet at thr f•tr value &8 8t the b81ofTh 8beet dats. Al m0vennts in value ari81J from iTWe8tmani chge9 or w81uation arv ro¢rtsJn3j in Ihe thtennt of Inancial actiwties. Gains or bsses in inbysbrerts are a8 t1 dIffen th8 dV4WJ8 woceedB 8ThJ Ihe histor. (x)&t Tho truÈttts thè Investments at its meth"rvJ8 to ewfe Ihat tty tern appr4)riatg With reswt to rlBk and rv*ard. Mike Stpao Truste8 Date 11
Independent Audltorfs Report to the Membern of Kangyur Rinpoche Foundafjon for the year ended 31 Decernber 2023 OrAnl We have thE fro.a1 Df Ibk kne 31 Decernbvr2023whth wmWBothe 8t1 irf otc5 fk apd thg, The flnanr reoprtkng fra[r)th beenW In mrpreEI LrrliNI -.Jd0Th s)d5, IrK'LJlrvJ FPS Th Finandd ¢pp¢OIn the UK•bJ Jrn GeralyAC%owj Inr Onlan thBffirrt81 gtath falivwdthtsstst8ofNec8rity4g&SsSa31 tt20T3 ItU[cS4nd oHAkUon ofV[C6s, In1rd..ts Irrn ewdlts¥B, qrthj., ha¥ebeen PAp¥ed rl h&cmlU8spa2011. IlbAIBfoT Opknlv We conduotd OLr wjdlt In ¢oxrd¥rB yrfth knt¥n3J cn IVK) OJKI W. (XW uThJèr tif 'nw(ia:" of pur rerth Wv or& Indapendenl dthty chartty Lfj KrdS[Y1th ettr1 Trernts that rolthw'.ty flr8ncal UK, the FRC'S Eth11 Stwdgr4 and VM havèftj1l1 our¢tsetrl• In rrets. WknthèttheaI[l Conclu¥lthn• UDlng concgm In 8uallg the 5t3tèrr.ènFs, have thttthe of b)8 Of•)mU[wA in tha wtyaravon ofts finaK4al state[ts w arvrDprfat Based OTr lknè haw perfurn, entr1ed èwts or Irrt Indwthally Ix coll1V/, rnBy thst Slur4fiI th8 ot411ty a• rf•t rmtrs Pom th¥ firrandal atornen Buthori&odf¢rlwa Ourre8Foroidliti88sndtrernllponvAt4fi£E 18¥Ato grANJ oyKem leva&sGr ofthiBrapcrt OthAr In14Jtm&Uon Th& other lTrftThtiLW ¢pS88 inforynguon Incathy In. Terrfrt Ourw4 rwt therwn. The trueeE rBspcbI8 Sy othw Infoiryw¥on. Cmr op on ÈL#temth rnx f1)V Iw oth&r gnd, Fxwtto In OLr akMIt otaemerts, c4r wbK¥."$ y) a1 In , wtthr IhÈ rAhÉr1nf0atiall IB m8Wly Stsieft ly ID eaLK1torotsWj6 appe•rs ID be nallY tatod. Idenfffy gLth mBterid InGcrdcè8 app8..l thrfa. rrisstatherts thater fve Is a Mater rnlsslaftoThFmin ts finarri4 tts01 8 matsi81 $se-..t{ts (thet If. we pErfornl, Ibwl is 8 rrffjfrrfal rn1ssternetrttS We reportin . MattsT¥ on Wh1¢h9[reVfjd fo rèwrt5¥ exceFiitin In the I'ght of cl ts dwmy its otitwn•Y In the ot the TrH¥è rrl id8nbfio m155tat¢merrs Ipthe1[es. the knthètru&e86' r¢kKYtls inawmalrawaknlth s10.. L 1gqwl8 awurfT¥J kert r#cBA¥ed ai the Infwrauon al¥Je%¥bJbrneNetsraI( lained more wsta85' thetsu¢ are Dtho 8tal¥n8d satisfied th&tfhey iiye a truo 1¥4t aid h-su(b inkn. a& thB 16 we55Qry tg And)lethe pryfvllDn of In PFyring the firw(¥&l thE tll5 a 3sse5SlhB tri L¥)JVJr.up 8s 8 cryr4tn, 40g, as appfvBble. matterg to goYa d LL9ry 'th g(irwJ of Lrt86B ITLL eith lit ty Ida Gharity no (kj .
Indgpandont Audltorfs Report to the M8mbers of Kangyur Rlnpoche Foundadon lor the year gnded 31 December 2023 Audito¢s rg4p•Tr•fdHlts¥ lorthe awtholth• slzknthts ot4ocMvw •ra b r6a6orwb.e 8wrArre atrAxrtyhthtr6"r8tsT awtr4eA? matsl31 rrKsthttt, wfoller to or ortry, and b Iu¥ en wcWtol0 ryrt that Irélloes eLf c¢irth. Rea5O78ts12 •su4nps 'B a Ngh18VBI ul but Is not tt1ot an wj't wrKJuGtEd in aC¢L¥tsr¢èkn IW lu 111 fvDm fwd or Or fjre iyald¥s m&t•l.a' , I[ValY thb 8owW, bo oxpacbj trj thE nomIC ded$kn8 ofL4Of6t4ktro baa16 0[ene skkrn£r IrregulyrlJ. illLiudw traLk1. wty 5rotsllLYS of We doElJr wac•duw l) IIM our r•&pDll4fD'IVI88, oUtnl atKyM, ID rnaierfal In rw o Irre•Jw¢s Th8 &¥knt b Dur wtJur85 8re r• of IrrtyLI4ri fixud l$deknhl tlaw. We have wnkkrad the fr)1Angf ri vAuaiirg cyY6ofdeMOW lrr8ouLqdkd. Th0aUdV( tsMdLka•J sIw8 ryaprfelllryaAItPEGk. Tr• [rjlIYS1gWd t) PRB A.[8[ LLP ib¥bl r8gi&jaBstsut0ty uditDf3 Bince 20QI, Materf1 ws¥(¥lk'L4•J keyau6it¥Oa& 8èttkng 88m[sand eVahjinll 8roTs', knytiL31 reof1 prrAIt End 'JY 6KÈ lo help knNfy sty ir[wt,. PRBAr4ojntan LLP Sta rnerr,bvJ rgw8rty take pgrt In oYThJ¥vJ dovBbThYioxJr¥sto and to keep up to Cn•J)98sto leg.¥kn.4 A ItC$'sl 1th the dw88 &p¥ 1tstr6nttty for 4ftor th8fin&nwl trtai uy4bT4 k6y Stsff, 4Lts. orAU8gwJ fr8, noreomFd laws gnd reguLtiti¢r pl0dureS re¥? lott and otthn aLlttheMC¢L7&$Utk1&]1tTh1 ffideaLwlstr aviyinwjn. Th8 rlskof rKtdthrJJry 8 rrnllten nostaleDtre5U.'t)ffLrn XCK m, &e MEY kwol¥o cdlLWJn. fowery, nDllor wrpo¥e cfwrBSÈlw •)¢Jthlon Ontheeffwx¥aIih2 InJsts8s, CO[ 8prhOpateNsoIltre (XKm 01))0Jn6, tTre a10¥kI$e eitr8 n1ftlY $19 fvtm8y(6tw.'fiw'.wthton I dty,& ab."Ity tr) rufrir.Lk8g 8 COnM Ilvt cwdude trata in rowltothe rdgted dI108re6 In nancl81 or. ilsLth dtsckojw to are bas or ths up Eyaluqtets ovwau nIB.1 LllfarJa iTrYthy (0 W• wmmurir vdth wth r•]ardW rn¥J (Atw rrth4 ts KiaYJ of ts &xll and siwWnt authlflndiffjs. anyBlgnifiLantdetKiMaW h ntr fvtvRI(knthfydur¥rwJ DurasJL u¥ olourre Thls pJrt Is SD18 kn th• th'S tnBmbers. 89 a FKxiyt iry 1M of the CFwile8 W 2011 wl8tron¥ utthrgeckn f64 ollhatk Ow&ditth h trO.wÈ li10 fh[ mgtterswe to sEaLÈ b tsn In an 8udiio¢s syr. ohvr To tn2 fiAk4tst knt &¥. nat a¥pl OT resrmybillty lo 8nyunb ¢kn¢rtr• chority¥nd thechariVSrn&nOS alx. a:. trIIAs rff furVol10nswE xlve fomi ChstOphrWhllfjY-J00B FCAl6onlDr For L%fOr PRB knntant8 I Chwkr&J & tstytnryS0r ngflsher HOUE Heafft West.?eX RH17 7QX
Kangyur Rlnpoche Foundation Stalernent of Financial Activities (including IncLYne & Expenditure Account) for the year ended 31 t)8b8T 2023 Unrestricted Restrlctod Funds Funds 2023 2023 Totsl Funds 2023 Total Funds 2022 Income Voluntary income- drmalions Investment incom8 Other resources incoming 1.766.220 4,631 21,120 1.766,22D 4,631 21,120 632,108 542 12,239 Total 1.791.971 1.791.971 844.889 Expondlture Charitable activfties Governance Costs 1,464,368 2.672 1.464,998 2.672 567,367 1,182 Total 1,467.040 1.467.670 568,549 Net income boforo other racognised gains 324,931 {6301 324,301 76.340 Other recogni5ed gains I Ibssesl Net movement in funds 324.931 16301 324301 76,340 Reconciliatlon of fund5 Totsl funds brought forward 1,843,746 11,881 1,855,627 1,779,287 Total funds carrled forwanl 2,168,677 11,251 2,179,928 1.855.627
THE KANGYUR RINPOGHE FOUNDATION BALANCE SHEEf AT 31 DECEMBER 2023 2023 2023 2022 2022 nL*8S FIXED ASSETS Tangible 8s$ets 911,761 934546 CLIRREFn ASSErs Ca6h at bank 1270 867 1,270,867 922,291 CURRENT LIABILITIES Creditors dw in one year 2.700 1,210 NET CURRENT ASSETS 1,26B.167 921,081 ASSETS 1179.928 1.8SS,627 FUNDS Unreslricled Funds Re8trictsd res8rve5 Totsl Chayity Fund$ 2.168.677 11.251 2.179,928 1,843,746 11.881 1,855,627 Approved by the Board or TnJ8t8es and signed on Its behalf by Mike Stead dato.. 1i-i0-Z4
Notfjs form'ng WLoflhe Fe&l StstQrts tsthpJwTwthJ 31 t)&2023 1 Accrrtrtng PollGI8B Ill o1aGwurp The ffnthg1a18ten h8¥e be8n prepèred aranL¥ h 8fj Repvth ty Chwimes.. 8t8t8nnt of Reccrnmend8d Pradc¢ akab to pr•r4trd Ihdr n aOXYdan Fhanckl RwrtbYJ app1vb inthl U.( RepublG of1rn IFR5102; The trLk%tse8 4SW8 •ath wr apwprkntr to pwre IhB on a crKthrn Tr trugtees have ryjnduded that The Kwr Rlrwthe FrAK¥Jakn 18 • gdro oyK•m. Tfirt st4t&nents ve been on E ge tXYKErn b4sLs the assets val?rd1. Its) Fund COUntY4 . Lhreancd are aval LWO ol the dknlon ofii• biwtee• l) ofts gerrol 01 the . Restdcbj are yJ)iethl b reswkjjm (m tsr tythe¢ornr orlhrough the lem)& ofan Icl Incomo Inwrne wMnth• Ita6 en•tr) wctsblg thotts InrThvAII bo reofvEd and thè bo + Wjniwy hwne Is reNed by w of donaffiJn6 8rd IÈ hluded kn fidl Stalemurt of Flnqrd A¢bvllÈstsn r6twaN& . Donated aervkx 18Cl 8rg txxkled at the Wue kn the ¥there IN& te quantifW. Thg Serv1 YOdd byVolutsrd has 1 been in te aX)unIS. +1Th4è$thrtlno)me is Th)cIled rttwvgbb. * IrKonthg re5wrce5 frorn thaiil2bk tradirgac¥ty 8rba(uurt forvrtwi a. Idl EXpdra EXp1te rec¢4146 orY a koal to rnake a pwneni ID a thlrrfpa, rKobablE that5etUtII be requ[ ar thB atM¢nt otU IK • chari13b eXpÉntKt Cottytbes Of arKI for 118 benefrA8d88. 11 CeS both o)sts th8t 12r. thtyto 0th11È8 anj thole ¢x)8ts ot an irkect luro tLSSaryto support Ihem. . CONErllar cvsts wmprlsèts .Al w8t8 we alc¢8d th& WerKIkn &)FA w a t)w dÈ9d to r8fdthè olthe resource. Coatra rei8Ury lo • pctF¥tW Blkxated di•. olkn on an baws, ag sat In Note 4.
l•} Fixed As80ts FiKed asset$ Iexdudlr inYestment$l ate stated al t4JSl W a(xxmMJl8ted derxeoabon. The costs of rnimr adlliliws or those costing below £1.000 are not t¥[x1as1. Dep(18tH ts YOdj ai rntes 12kJJL8led to off the wst of esth asset Over its expBthd u5eftd D'fe. Lase ol aTh1 estimatgJ at 50 Fats lon the estlmated cost of buldngs comwts}. vee5 are Stated at costwhith a depredated over a perirxl of 5 ar8 Cfi 8 8trah3M ITr ba5. The peri(x1 has been iweased from 3 tar$ in 20161ts refiect Ihe redUal rthts ofvetrides Computerequirxnent are stated at C05thKth 3rp fftra of3 ar$ on a strawjrt basls. In Forelgn curr Monetary Bssets Bnd li218 In foreWJn tU8nd&S are trated irrto SterfThJ at rates 01èxd)8e njling 81 th8 balan sheet date. Transaithuns in fOren rAJrrenties are translaled into stiro at the averag& exch8nGe r8te during tF period. Exchawe differerKs are taken fftto a(>)Lrf in arrring al the t Movement In fund8. 2 T4xqtlo The FoUndatn k% a regl$tsred thanty 8Th1 CrdirJty B exempt fTLKn taxatw irKx)rne and gwns %+fiere they are appli for dwrkabk wo)osts. 3 Employeo The FoUndatn is operated vLJntsry stair •J no pawYrts a madè lo them ewses inved In th8 executlon of thelrduties forthe Fou80. 4 ExpBndlturn Charftsb all0110n Athty Go¥emw 2023 Total 2022 Ti)IBI Costs alloGatqd to Donalvjns subsleCe, l¥jsla1ty. travel Propety t8xes Property maintenan Propertyd&pr&rialion Veh depretiallon Dithonary proied and books 1.3LB.304 1.3(,304 8B,705 8.697 18.629 14.550 8235 453,630 62.262 11,664 33,849 14.550 8,235 tjre rre(t tXret* 8.697 18,62Y 14,550 reGt th'rect Support ¢o¥ts èlwted to actlvltl89 I[ Charilab 1CQ% Chaiitabki Bank Excharye I loahl AGcountww lee 3,022 13.856 2.672 1,887 118,7391 1.182 13.856 Total 2.672 1.467.670 568,549
Nat Incomolorth•YeaY Thb Is 3taled &fipr rknrgkng". 2023
)22 D8prvLiaikn Audttorti flo 22,785 2,6n 22,7È0 1,182 T4D9lbl? Flwl A8 Lahd & BUlbn Al G(¢t orV4uaUon pmwt Vohkl•• 1 J8y2023 Aln# Total 1,140.11D 1,OS9, 78.994 1140,110 Dopreoknllo At I hrxjary 2023 ChAW loriho To 205, 1&8.030 46,054 228.349 Notbookvalue 31 Dwmb•r 2023 911.761 24.7 Ntrtbookvaluo 31 DvAmb8r 2112Z 934,546 Tho Founthlbn IntrodM%d a derrilkn I on b rKoFerts kn Esikn8W tAad hwe b¥2 depreGtEd o%r50yÈ8r8. In 2016 beÈft a sh2red wrra80 89. 70, 71, 72) in the sth7) 01 £21,110 rew88enll9 19% DfltrE total Va9. 1i8W VIE a SoLaé Cme IM[b?, 8 rKxFlrthg Stlu In Fran1h8 crf A pr[aOIr1Th1 ottsrF¢OPertk¥ Fw*lknn 2018 19 hutse thè thryln ihÉt$L4f of e571k
Y ¢rqthtorn'. Arnounts F•llkn# OrY 22 Audltl Eyfirnlr8 Fae 1,210 Tel41 iThJ 8 Re8trf¢ted AGGounl• Cltxlng B•k8nc In¢ornlrwJ Trnsl•rn 3111212D23 Op•mlngOalane• 0110112023 Oh6r (not %pHTatdy ideTWI 11.8a1 11,251 Tota 11 11,261 FIK8dAssql¥ CuyrentA88818 Cuff•nt Liabilltl 9.510 1,270.867 12.7001 11251 911.761 1,31D67 (2,7(X Fund ai31.12.2023 1le8.877 11.251 117&928