Kangyur Rlnpocha Foundatio Trustees Report and Unaudtta(f Accounts For the Year Ended 31 December 2024 PRB Accountants LLP Kingfisher House Hurslwood Grange Hurstwood Lane Haywards Heath West Sussex RH17 7QX
Kangyur Rlnpoche Foundatlon Charity Infonnatlon Kangyur Rinpoche Foundation was recognised as a charity by the Charity Commission (under the Charlties Act 1960) in 1982 Trustees Laraine Gethin Jennifer Kana Caroline Latham Chades Hastings David Smith John Canti Pema Wangyal Dawa Horeau Mike Stead Khyentse Jigme Chollèy Elizabeth Stead Charlty Number 284845 Charlty Address Mike Stead 152 Cr&snt Drive South Brighton BN2 6SA Indepondent Examiners Christopher Whitley-Jones FCA PRB Accountants LLP Kingfisher House Hursiwood Grange Hurstwood Lanè Haywards Heath West Sussex RH17 7QX
Trustees of the Kangyur Rinpoche Foundation Annual Report for the year ended 31 December 2024 Overvl8w The Foundation r&6iv8d donati(8 in th8 of £447k during the yew12023- £1.7e6kl. In 2023 KRF rec8nied 8 larg8 donation of over £1m %thlch the FoJndats"on to support rnany more wWhIle proiects to suogcrt manv In ne&l. Last year as a r88L.It of th8 higher l&vel of IncThne undw ch CMSS rules, we wer& required to have our a¢xounts fully The redu(th In 1C0 tt)is year has enablè thè foundatlon to revert to havlng reFNNt and Unts &xaninJ. Donations made by the Foundation amounted to £1.(X)4k12tr23 - £1.309kl, primarfty for projth In Tlbet, Nepal and In(fkl and in the freano of lives. A8 at Dnb$r 2024 thè Frlatn h&8 restridj furvts of£11k12023- £11k). We fund p@8cts that provid8 educatknn and SUprt to ¢ihJren. I.:rj the Bam[0 sctrKtl proyt in Nepa and the edwatlon of tre Baudfo street childM,' we have supffi iffjtitutson5 in Sikknm Ivan. DOdrupc Rlnpcthel Sn Shlmla ITa(lurKJ Tsull. We d50 bèan ab to sU)rt vroiects in Tlbet ain this yèar wè have cyxtinued to th)nat• nlisS to swng IN. In partitsJl¥ hor805 in Un and fish ill Tibet and Honq K During the year the Foundat purchased a pr(Wy through a n6ar other ky0ptieS ed by the FnaOn In the Sum of £&. It IS ClThr L%itvJ US a5 tsJiday awJtnrrK¥JatvJn. althqh il use mav chanoe ovw tim&. Th8 Foundation is w appalive of the undth by vdunteers In meeung Its 0Ve$ and in keepiro its admini8trats.on costs to a mirrfmum. H18tory of the Charlty The organisa'.ion was s8t up by 5 foundiry trustees in 1980. KarvJyur Rinpcthe t6achar and this chadty seeks lo continue his Irk In rn9 poverty. Lfk8trass and sufferiro in any part of th& world with partiwlar ceference to children aThl ¢Sk%platyJ p&sL¥K%.
Trustees of the Kangyur Rinpoche Foundation Annual Report for the yoar ended 31 December 2024 TrLt5t8e8 revlew Glven the ago ofthe charity there 88t wles h1n the trust dwj aKxJt thg minitnurn nurnbet5 of truste85. quorate nurp.bws or Ifnglh of te6 and reappc4nbiRnis. A revivw ofthe trusteo MoMh1p and skS11 set rUrj for the iknty is Undth y88ty tg ènsure that the Foundatlon hes the approriate ol skn"Ils. tt vras wnsldwed trot. the ryjrwl tTUSte8s m8at thè chadtles, requirements at the present tlme. EXtn knice is Sh1 whpAe thwe Is a need for s115 or$pe¢ffl¢ knOedge areas not by th8lnBtw. Publlc B•n•flt Statement In pursulro oJr oWectNes and aD.nrwj our thb89 for Iha yw, ihe Trwtees have given consid8rAlon to the ¢ul8s set out In s6clK)n 17 of the Chartts& Act 2011 to due ryd to fftknlic benefit. In p8rbcular, tha Trusle&s have consi(Iwl hrm lh8 planrHI wll thntritvthe to the overall wms and obltiveS that they have set Th8 Trustees lOV&that thtr 0¥[ aLxwe amj the ouulnj bd(pw rdatèthe Wefit that the charEty FoMdes to the public. Constitutlon, owect and pollcleg Th8 ch8rlty seeks lo.. Relieve &erty, olstr&ss axs sufr&ing in any wt of the with pablar {dCe to thi1 and such petsotts who &e dlspla¢ed, stateless iefugee5 aryj the farnily dePJts of SLLh persons and in parb(JJlar tr¥)se of fflbetan re iorigin WMI to tharKethe of such pèrsor6. Statemont of responslbllllles of the irtsst Law applicable lo charit in England wa85 raquir&B InJst88S to prep8 finatKaal siatèments for 88ch finallci y8Ar which giv8 8 true ane fr *i8w of t[ finap.riai duriw thèye8r and of it8 fip.ancial 8On at th8 8nd of th8 yw. In those st8t8mants, lh8 trust885 are required to:_
SeleGt suitth acts)tht¥ig wlKXeS aTrJ apptythefft czffjsstenty, Makojudgnents gnd estYnate5 thatare re88c Stat8 whethw appNcgJb accounbng start¢ards arKI $tatemwtsof tEu)mrnethd waclK have b88n frJjbd, gubi8Ct ie anYdepart (tisdtssed explavwl v) slatem8rrts', Prepare thefiTrandal 5tatewis on the govYJ Un it i% inap[[Thte to pre9 that thE charity¥wl eontinue in operation. The trwTrees arg Wportsie for keEptYJ proper &c(vJntiryJ rwJ)rds dlsdose ¥th rpasorb1e aceuracy al Y Ilme the r.nana21 poS.0n ofth8 tharity and to enable ttw, to surethat the finanoal stat8ments (x)rnply bmth the char85 Act 2011. Thw we aso iespLIb for safeguarting the assets the charity and hence tr lthng re&onestq)s for IhB and detth offraud and oth Iryu1arf@$.
Trustees of the Kangyur Rinpoche Foundation Annual Report for the year ended 31 December 2024 Rlsk management The trustÉ&8 8Ctivdy rnqor risks the dwity fac8s C a wular basls and eonfirm that thay have aSblished Systems to mrtiqate the s¢¥nI oatiOna and bUsIS rtsks. With respect to rfsk associat w+ith potwtt fraud the Trust88s have apn ono Trwtee tc overse& thL% to an5urethat fwas is p)sSie lh6 ri$k offr8wl 18 minimi8&J. Flnanclal revlew The chadty rwdwj o dèfiett for th8 y8ar 31 Decembw 2024 of £726k 12023 - surplus of £324kl. The rastrldad surplus rarrieij fcThard arrwyjnts Ig £11k and ts Unt¢teLl surplLkS carriad foThvard amounts to £1,443k as at 31 Dnb 2024. rhe d&fi¢ll ar(k%e duè yb'li5ab' of surplts funts frL¥n prevKW year8 The 8pplic8lion of SuuS funds is rul3 in or(teT that they to make the nt impact In meeting the Foun¢t8tion's oti&tives Reservos P1¢Y A large proKthion of rnoniss ar8 expended a5 when furKI8 aVble. To b6 prLHlen( it 15 c¥)nSId6r that a cert&n levd of resejves be W to rn88t Unfores arcumstan. It has basn agr99(J that at least 3 months, ofexpwKJitur8 is to in cash and resms * 1 times. Investmont pollcy Investments ar6 Stated in tha bar sheet at lhr lair v81ue 85 at the tsalar sheet date. All movements in valué arising frrm investment or reV4UatiC we rwni8ed In tm statem)t of financlal ¥*Ities. Gairts or 105ses In inv•strTth are as the t di5posd prOe¢S the historic cctst. The Intsle¢s the investments & tts ffle8tirvJs lo fjure that Ihw rnaIn ¥)wopriatg 71 respert lo rl8k rrd. Mike Stoad Truste 2nd October 2025
Indopendent Examinerfs Report to the Trustees of The Kangyur npoche Trust I report on the ac¢ounls of the Trust for the year ended 31 December 2024. Respectlvè re$pon8ibllltles of Ite85 and examinor The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the Act), ané that an indeperent 8xaminalion is needed.The charivs gross income eXed8 £250,000 and l am qualified lo und8rtake the examination by being a qualtfied member of The Institute of Chartered Accountants in England and Wales It 18 Thy responsibility to,. - examine the accounts {urKler section 145 of the Act. as amended),. to follow the prOdreS laid down in the General Direclk)ns given by the Charity Commission lurKler section 14515)Ibl of the Act, as amended}', arKI - to slate whether particular matters have come lo my attention. Ba51s of Independent examlnerfs report My examination wa9 ¢arried out in accordance wth the General Directions given by the Charf(y Commissioners. An examination includes a review of the accounting records kept by the charity and a comparison of the acwunls presented with those records. It also indudes consideration of any unustjal items or disclosures in the accounts, and seeking explanations from you as trustees Co[mIng any such matters. Tho procedures undertaken do not provide all the evidence that would be required in an audit, ané consequenuy opinion is given as lo whether the accounts present a 'lrue and fair view. and the rew)rt is limited lo those matters sel oul in the statement below. Independenl gxaminerfs statemenl In conneclion with my examination, no matter has com8 to my attention: {1 } which gives me reaSonae cause lo believe that in. any material respect, the requirements to ensure that.. - proper accounting records are kept {in accordance vthh seclion 130 of the Acl}' and lo prepare accounts which accord with the accounting records and comply wtih the 2[Ourt1ng requirements of the ACL" or 12) lo which, in my opinion, attention shwld be drdwn in order to enable a proper understanding of the accounts lo be reached. have not been met. Independent Examiner: Christopher Whitley-Jones FCA PRB Accountants LLP Kingfisher House Hurstwood Grange Hurstwood Lane Haywards Heath Date.. 2nd October 2025
Kangyur Ilnpoche Foundation Statement of Finanryal Activities {induding Income & Expènditure Account) for the year ended 31 December 2024 Unrostrlcted Restricted Funds Funds 2024 2024 Total Funds 2024 Totsl Funds 2023 Income Voluntary incomé- donations Invèslmenl income Other resourc88 incomiftg 447.217 4.823 11,470 447,217 1.766,220 4,823 4,631 11.470 21,120 Totsl 463,510 463.51 D 1,791,971 Expendituro Charitable activities Govemance Costs 1,187,849 1.242 630 1.188,479 1,464.998 1,242 2,672 Total 1,189.091 630 1,189.721 1A67,670 Not Income befora other recognlsed galns (725.581) (6301 {726,211 > 324.301 Other regniSed gains I Ilossesl Net movemént in funds 1725,581) (6301 {726,2111 324,301 RoGonclliatlon of funds Total funds brought fowdrd 2.168,677 11,251 2,179,928 1,85S,627 Total funds carriod forward 1.443.096 10.621 1453,717 2.179.928
THE KANGYUR RINPOCHE FOUNDATION BALANCE SHEEf AT 31 DECEMBER 2024 2024 2024 2023 2023 notes FIXED ASSETS Tangibla assels 1,197.560 911,761 CURRENT ASSETS Cash at bank 257.399 257.399 1,270,867 1,270,867 CURRENT UABILITIES Creditors due in ono year 1.242 2,700 NEf CURRENT ASSETS 256.157 1,268,167 NET ASSETS 1,453,717 2.179,928 FUNDS Unrestrfctod Funds RestriGt8d reserves Total Charlty Funds 1,443,096 10,621 1.453 717 2,168,677 11,251 2,179,928 Approved by the Board of Trustees and signed on its behalf by Mike Stead Date: 2nd Octobor 2025
Kangyur FbnpKh• Foundalron Nots&fom)Ing tyfthe Stat8m8ntsforthè are[led 31 Cber 2024 1 Accountlng Pollclos lal Ba818 of accountlThJ The ffnancig15tat8ments hav8 b88n ped wi actrJrdanc6 lth Accounury ty Qharfuss.. staterynt of RBc(Ynmended Practice appcab to dwie5 fvveparyr¥J thdr accOlS kn arx)Jrdancs PinanriaI Reporlng standard applb in the UK and Rawb¢ of IFRS1021 The tnJstees assess each year approprtaie to prepare b)8 arAxMttS on a corKern ba5i5. The trustees have cenduded that Tr Kawyw RillKY)the Fourththm thir. The statÈmènts havo been [Kepad on a golrG concsm ba$is arKI assets lbiifKs Ued 8co)reingty. Ibl Fund A¢Muntlng . UNesbfi¢tod furKJs availab for atth8 dsuebon of the Iru5tee5 In frjrkn8ra of Ih8 g8ner81 oblvJves of th8 charity. . R•8tricted knd$ bre lIe(#@d to r88bidll$ on tsrexpwxlth imFosed by the cf thrw tho twm8 of an appgal. Icl Income Income 15 recognised when h#5 wbkmentb) ble I8, It ts wobablèthat the in(x)me 711 bè Ved and the arnounl ian be measwed ty. . Volunt8ry recdved by vrdy of O)rratK)ns and gmts arKI is kn fijll In the Statsmeni of FIrnd81 AcUvlYe8 when rO¢eab. . DDnatsd 5orwGes and fa<y1th5 are h&JJad at th8 val ts the thrlly er8 can b8 quanfi. The value of servthg provided by volurrteers n.been x4uded li aL¥J)Ullts. . Inv8Stm8nl (ncem8 15 induded when receNable. . lnwrn9 reswre8s from tharItab fTrdinG acWar8 ac&)un k)r%n eanwl. Idl Exp•ndhure ExpendRw81$ renISed orKe thw8 i% a oro)n8trudTre ottytion to rnake8 parEnt io a thwd paty. tt Is probab that setUerrKrtwill reqiured the arThJuntoftrobwbon ean be rneaxred relay. . Charitable ewditur& wmpri8es ltr c¢)sts Inrrt by tt% tharlty In Ih8 d8Fveryot It8 aththe$ 8nd se5 for its benefiae5. It dudeS both costs blat bs dkKxled direw to a¢88 8TrJ thos8 costs ofan ndired nature esSary to 5UPPOrt them. . GovemancB costs comprfse tha indepeent8m1TreS F88. . AJI ¢osts are allocated the 81p8ndit (xtegJrw ofthe SOFA on a ba8 de8tEn6d b) rew us& of the resource. Costs rd8tir7g to a rtIrlar arvity a atraied th"reth. others are apportknned on an appropriat0 baws. as set out in N(le 4,
lel FLx9d Assets FNed a8$8ts Iexdudl Irw&snI5l are stoted at tsjsi less a(1mu dw&o8tAw. The costs ofrninor8ttitlon$ or those c08ting bdow £1.0 a rkfi capttar. Depro(aalKr, provLed at ?ts# Ca14d to off trE cost of each 85set over It8 8XP¢Cted Ife. whK¥i Ihe case of lrt and Is at 50 ar5 lan Ihe e5brTTated Tr)8tof tha bU11n95 (¥mp(xwrt51. Veh1 are 8tsted at CAJStwFNch are depretsaw overa pd of5 ySOn a straIt I8 ba5kg. Tt ha8 been IrKna$&l frcm 3 rÈ In 2016 to (x)sts ofvehlc485 Compvtsr eqthPmtare at cosiww are deprecAaied over8 of3ypars a straIt It)8 bas. lfj Fore1g Gurr•ncy lAetary as8ets and lia"<it8$n fordgn currero88 ara traL9 into sterfiis at the rate$ of 8xth8roe al the balanc8 she8t cate. TCliCnS in frXgn are trdnslato1I rto stertlng at ts 8v8ra99 exchange rats durfng the perh)d. dnyerences are ta into atthe rt movemgnl kn knds. 2 Taxatlon The FOurn 1$ a wst8red (Jwity exemptfrem tath (fi it5 irwne and whsro tt qre pd thaAtable pwyosg$. 3 Employ888 Th8 Foundakn ss operth by volwtsry staff atKI no are mad& to Ih8m except eww5 ncurred In 11 execLthn of their dudes torthe FourKlaiw. 4 Exp•ndltsw• B•$ of allation Critab tmty Govefflan 2024Totsl 2023 Total Co¥ts d¢r•¢tlyallo¢atsd to a¢tlvhl DonaOnS Sub51stsn, hospitalty, trav Property'OXO$ PropeTty tnainlenan(* pperty depraclatbn Veh depreciatyon Dldonary project and bocks 1.(XM.005 1,Q04.Ct)i 11Q.458 9.543 13.456 14.550 8.235 1.309204 88.705 8,697 18,629 14,550 8,235 Dire(a Dlre(I red 13.456 14.550 Cirect ract Supp•rt ¢08ts alloeat6d to AdmlnBtration Yank ctsrge5 Exchange k)55 1 Igainl Accountsncyf 100% Charftab 100% Charitsb 1302 25,93) 3.022 13.85e 25.930 1,242 T¢Jtal 1.188.479 1.189.721
5 Nqt In¢(& lortho Y•ar Th18 Is stated after charg1r¥J.' 2023 Dekyedation AudIttS fee 22.785 1,242 22,785 2,672 24,027 25,457 6 Tanglblo Flxed A890ts Land & Buildlng Compuhr Equlprnpnt At Costorvakjalon rrrtal Vohkl•• At l JarKJary 2024 Addwens Total 1.140.110 308.584 1,448.694 1,059.636 3D8.584 1.368.220 1.480 78.994 1,480 78,994 Dèpr&¢latlon At 1 January 2024 Charge ftr the year Tet 228.349 22.785 251.134 1T2,580 14.550 187.130 1.4 1.480 62,524 Not book valu• 31 Dè¢èMT 2024 1,197,560 16.470 Not book valu• 31 December 2023 The FoatrY trEI1 a depre¢3alHM ¢ it5 yoperbgs 2005. Estimated buikj c¥)5ts have been depreTratsd ov£rS0 ats. [An9 Ihe Falon Icin&J a tsJn8cth trj Purc a prcperty In Lo Ihyjthr thse to other prore3 ownsd by th8 Foundat1. The FwThJalon prOded 811 of th& hJndlrvJ to a¢qre the prop8rty. Th18 property 15 rr8nUy b8lng retained ¥s a holday le,. bJt it use m8y CtArgfrover t¢. ff It L8 to sdl th& property 1 o¥lho proca&ts wll rE¥ert to the FoUatron.
7 Crgdltors: knurtts FallinD Due YAthln Ono Y 2tr2Y Examnerfs Fea 1,242 Total 1.242 2.700 e R•¥trl¢tad Accounts Cbslng Balance 3111212024 Op8nlng Balan¢e 01101tt024 Incomlng Imgoing Trslor8 Oth8f Imt swrdtslyid8nOfi8d) Tots15 11251 10,621 11 9 Movoment of ngt asse*3 bBlwFen IwKI$ UnrostrIc 1185trkW Tolal 2Q23 186.939 10,621 257,399 11,2421 FIx8d As80ts Current As¥els Currort Llabllluo 25t,399 11.2421 Fund at 31.112024 1A41096 1451717