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&s￿nt 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 w￿￿WhIle proiects ￿ to suogcrt manv In ne&l. Last year as a r88L.It of th8 higher l&vel of IncThne undw ch￿ C￿M￿SS￿ rules, we wer& required to have our a¢xounts fully The redu(th￿ In 1￿C￿0 tt)is year has enablè thè foundatlon to revert to havlng ￿ reFNNt and ￿￿Unts &xanin*J. 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 D￿nb$r 2024 thè F￿r￿lat￿n h&8 restrid￿j furvts of£11k12023- £11k). We fund p@8cts that provid8 educatknn and SUp￿rt to ¢*ihJren. I￿￿.:r￿j the Bam[￿0 sctrKtl proyt in Nepa and the edwatlon of tre Baudfo street childM,' we have supffi￿ iffjtitutson5 in Sikknm Ivan. DOdrupc￿ Rlnpcthel Sn Shlmla ITa(lurKJ Ts*ull. We d50 bèan ab￿ to sU￿)rt vroiects in Tlbet ain this yèar wè have cyxtinued to th)nat• n￿lisS to swng IN*. In partitsJl¥ hor805 in Un and fish ill Tibet and Honq K During the year the Foundat￿￿ purchased a pr(Wy through a n6ar other ky0p￿tieS ed by the F￿n￿a￿On In the Sum of £&￿. It IS ClThr￿ L%itvJ US￿ a5 tsJiday awJtnrrK¥JatvJn. alth￿qh il use mav chanoe ovw tim&. Th8 Foundation is w app￿alive of the undth￿ by vdunteers In meeung Its 0￿￿￿Ve$ 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 I￿rk In r￿￿n9 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 MoM￿h1p and skS11 set r￿U￿r￿j 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. EXt￿n￿ knice is S￿h1 whpAe thwe Is a need for s￿115 or$pe¢ffl¢ knO￿edge areas not by th8lnBtw. Publlc B•n•flt Statement In pursulro oJr oWectNes and ￿aD.n￿rwj 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 obl￿tiveS that they have set Th8 Trustees ￿lOV&that thtr 0¥￿[￿￿ aLxwe amj the ouuln￿j bd(pw rdatèthe Wefit that the charEty F*oMdes to the public. Constitutlon, owect and pollcleg Th8 ch8rlty seeks lo.. Relieve &￿erty, olstr&ss axs sufr&ing in any wt of the with pab￿lar {d￿Ce to thi1￿ and such petsotts who &e dlspla¢ed, stateless iefugee5 aryj the farnily deP￿J￿ts of SLLh persons and in parb(JJlar tr¥)se of fflbetan r￿e i*origin WMI to tharKethe of such pèrsor6. Statemont of responslbllllles of the irtsst Law applicable lo charit￿ in England wa85 raquir&B ￿ InJst88S to prep￿8 finatKaal siatèments for 88ch finallci￿ y8Ar which giv8 8 true ane f￿r *i8w of t[￿ finap.riai duriw thèye8r and of it8 fip.ancial ￿8￿On at th8 8nd of th8 yw. In those st8t8mants, lh8 trust885 are required to:_ > SeleGt suitth acts)tht¥ig wlKXeS aTrJ apptythefft czffjsstenty, > Makojudg￿nents gnd estYnate5 thatare re88c￿ > Stat8 whethw appNcgJb accounbng start¢ards arKI $tatemwtsof tEu)mrnethd waclK* have b88n frJjb￿d, gubi8Ct ie anYdepart￿ (tisdtssed explavwl v) slatem8rrts', > Prepare thefiTrandal 5tatewis on the govYJ Un￿ it i% inap[￿[Thte to pre￿9 that thE charity¥wl eontinue in operation. The trwTrees arg Wportsi￿e for keEptYJ proper &c(vJntiryJ rwJ)rds dlsdose ￿¥th rpasor￿b1e aceuracy al ￿Y Ilme the r.nana21 poS￿.0n ofth8 tharity and to enable ttw, to ￿surethat the finanoal stat8ments (x)rnply bmth the char￿85 Act 2011. Thw we aso iespL￿Ib￿ for safeguarting the assets the charity and hence tr lthng re&on*estq)s for IhB and detth offraud and oth Iryu1arf￿@$. 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 aS￿blished Systems to mrtiqate the s￿￿￿¢¥nI o￿atiOna and bUsI￿S rtsks. With respect to rfsk associat￿ w+ith potwtt￿ fraud the Trust88s have ap￿n￿ ono Trwtee tc* overse& thL% ￿ to an5urethat fwas is p)sSi￿e lh6 ri$k offr8wl 18 minimi8&J. Flnanclal revlew The chadty rwdwj o dèfiett for th8 y8ar 31 Decembw 2024 of £726k 12023 - surplus of £324kl. The rastrldad surplus rarrieij fcThard arrwyjnts Ig £11k and ts Un￿t￿¢teLl surplLkS carriad foThvard amounts to £1,443k as at 31 D￿nb￿ 2024. rhe d&fi¢ll ar(k%e duè yb'li5ab'￿ of surplts funts frL¥n prevKW year8 The 8pplic8lion of Su￿uS funds is r￿ul3￿ in or(teT that they to make the n￿t impact In meeting the Foun¢t8tion's oti&tives Reservos P￿1¢Y A large proKthion of rnoniss ar8 expended a5 when furKI8 aV￿￿ble. To b6 prLHlen( it 15 c¥)nSId6r￿ that a cert&n levd of resejves be W to rn88t Unfores￿ arcumstan￿. It has basn agr99(J that at least 3 months, ofexpwKJitur8 is to in cash and resms * ￿1 times. Investmont pollcy Investments ar6 Stated in tha b￿ar￿￿ sheet at lh￿r lair v81ue 85 at the tsalar￿ sheet date. All movements in valué arising frrm investment or reV4UatiC￿ we rwni8ed In tm statem*)t of financlal ¥*I￿ties. Gairts or 105ses In inv•strTth are as the t di5posd prO￿e¢S the historic cctst. The Intsle¢s the investments & tts ffle8tirvJs lo ￿fjure that Ihw r￿naIn ¥)wopriatg ￿71￿ respert lo rl8k r￿rd. Mike Stoad Truste 2nd October 2025 Indopendent Examinerfs Report to the Trustees of The Kangyur ￿npoche Trust I report on the ac¢ounls of the Trust for the year ended 31 December 2024. Respectlvè re$pon8ibllltles of I￿￿te85 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 indeper￿ent 8xaminalion is needed.The charivs gross income eX￿ed8 £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 prO￿d￿reS 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 reaSona￿e 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 re￿gniSed 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 C￿ber 2024 1 Accountlng Pollclos lal Ba818 of accountlThJ The ffnancig15tat8ments hav8 b88n ￿p￿ed wi actrJrdanc6 *lth Accounury ty Qharfuss.. statery￿nt of RBc(Ynmended Practice app￿cab￿ to dwi￿e5 fvveparyr¥J thdr accO￿lS kn arx)Jrdancs PinanriaI Reporlng standard appl￿b￿ in the UK and Rawb￿¢ of IFRS1021 The tnJstees assess each year approprtaie to prepare b)8 ar*AxMttS on a corKern ba5i5. The trustees have cenduded that Tr Kawyw RillKY)the Fourththm thi￿r￿. The statÈmènts havo been [Kepa￿d on a golrG concsm ba$is arKI assets l*biifKs ￿Ued 8co)reingty. Ibl Fund A¢Muntlng . UNesbfi¢tod furKJs availab￿ for atth8 dsuebon of the Iru5tee5 In frjrkn8ra￿ of Ih8 g8ner81 oblvJves of th8 charity. . R•8tricted knd$ 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 I￿￿8, It ts wobablèthat the in(x)me ￿711 bè ￿￿Ved and the arnounl ian be measwed ￿￿t￿y. . Volunt8ry recdved by vrdy of O)rratK)ns and gmts arKI is kn fijll In the Statsmeni of FIr￿nd81 AcUvlYe8 when rO¢e￿ab￿. . DDnatsd 5orwGes and fa