Trustee Annual Report for Year Ending April 2021 ## **TRUSTEE ANNUAL REPORT & FINANCIAL STATEMENT YEAR ENDED 5[TH ] APRIL 2021** ## **THE LONGCHEN FOUNDATION TRUST** **CHARITY REGISTRATION NUMBER: 802247** Page 1 of 12 Document Ref: XUJHE-HPPNB-Y82PN-AROPJ Page 1 of 12 Trustee Annual Report for Year Ending April 2021 ## **Objectives and Activities** ## **Purposes of the Longchen Foundation** The purposes of the Longchen Foundation as stated in its Trust Deed: - a) To advance the study and practice of the religion of Buddhism according to all traditions of Buddhism and particularly the Maha-Ati tradition. - b) To advance the religion of Buddhism through the work of the Ven. Dilgo Khyentse Rinpoche and the Ven. Chogyam Trungpa Rinpoche and their successors as representatives of the Maha-Ati tradition. ## **Public Benefit** The Trustees confirm that they have had regard to the guidance issued by the Charity Commission on public benefit. The Longchen Foundation undertakes the following activities for the public benefit: - a) Running a wide range of reasonably priced Buddhist courses and retreats. It also produces and distributes Buddhist books and recordings of Buddhist teachings. - b) Supporting the work of Rigdzin Shikpo who is a successor of the Ven. Dilgo Khyentse Rinpoche and the Ven. Chogyam Trungpa Rinpoche as representative of the Maha-Ati (Dzogchen) tradition. This support gives Rigdzin Shikpo the opportunity to continue to develop the many innovative courses now provided by the Longchen Foundation which make Buddhism in general and the Maha-Ati (Dzogchen) tradition in particular more accessible to Westerners. Page 2 of 12 Document Ref: XUJHE-HPPNB-Y82PN-AROPJ Page 2 of 12 Trustee Annual Report for Year Ending April 2021 ## **Objectives and Activities (Continued)** ## **Financial Report Receipt and Payment Category Details** - **Oxford Premises** : Longchen’s Oxford premises serves as the residence for Rigdz in Shikpo when he is in England and is therefore a venue from where he can give personal meditation interviews, teachings to small groups and online teachings. It also serves as the Trust’s administrative centre . The largest expenditure in this category was £8,190 for roof repair. - **Donations Given** : A total of £21,500 was donated to Rigdzin Shikpo. - **Educational Material:** This category includes the costs associated with developing educational material: £2,812 was spent on a new Network Attached Storage (NAS) unit for Longchen’s audio and video archive and £1,268 was spent renting a physical storage unit for the audio cassettes part of the archive. This category also includes the distribution costs and income generated from the sale of books and audio & video recordings. Page 3 of 12 Document Ref: XUJHE-HPPNB-Y82PN-AROPJ Page 3 of 12 Trustee Annual Report for Year Ending April 2021 ## **Achievements and Performance** ## **Public Events** The following national public events were held during the year: - Path of Freedom (POF) weekend with Rigdzin Shikpo – May 2020 - Heart of the Buddha (HOB) day with Rigdzin Shikpo – October 2020 - The Lion’s Roar (TLR) weekend (Gate 1) – November 2020 - The Lion’s Roar (TLR) weekend (Gate 1) – March 2021 In addition the 3 local groups in London, Bristol and Oxford offered many introductory Buddhist courses throughout the year. ## **Further Training Events** Further Training - Courses for Current Students: - The Lion’s Roar (TLR) weekend (Gate 7) – April 2020 - The Lion’s Roar (TLR) weekend (Gate8) – October 2020 - Endless Compassionate Vision (ECV) Completion Ceremony - Sept 2020 Note: Further details on the above courses are available on - https://www.longchenfoundation.org/longchen training/ ## **Covid-19 Impact Statement** It was possible to provide most of the teaching activities online, and therefore there was no significant reduction in the activities of the organisation. The main impact of the Covid-19 restrictions was a reduced pool of volunteers available to help at our Oxford Premises. This impact was partially mitigated by paying £2,830 for outside help. Page 4 of 12 Document Ref: XUJHE-HPPNB-Y82PN-AROPJ Page 4 of 12 Trustee Annual Report for Year Ending April 2021 ## **Financial Review** ## **End of Year Financial Position** On the 5[th] of April 2021, the total cash held was £84,323 and total liabilities were £35,000, which consists of one interest free long term loan. ## **Reserve Policy** The Trustees are aware of the need to maintain sufficient reserves as a contingency against an unexpected drop in receipts or an unexpected increase in required payments. Page 5 of 12 Document Ref: XUJHE-HPPNB-Y82PN-AROPJ Page 5 of 12 Trustee Annual Report for Year Ending April 2021 ## **Structure, Governance and Management** ## **Type of Governing Document** Declaration of Trust Dated the 17[th] November 1988 ## **How the Charity is Constituted** Charitable Trust ## **Trustee Selection Method** The appointment of a new Trustee is made by the following procedure: 1. New Trustees are appointed by a majority of the Trustees present and voting at a Trustees meeting. 2. The appointment needs to be recorded by a memorandum signed by the person presiding at such a meeting. 3. The appointment takes effect when the new Trustee then signs this memorandum. Page 6 of 12 Document Ref: XUJHE-HPPNB-Y82PN-AROPJ Page 6 of 12 Trustee Annual Report for Year Ending April 2021 ## **Reference and Administrative details** |Charity name|The Longchen Foundation| |---|---| |Other name the charity
uses|Not Applicable| |Registered charity number|802247| |Charity’s principal address|30 Beechey Avenue
Old Marston
Oxford
OX3 0JU| ## **Names of the charity trustees who manage the charity** |1
2
3
4
5|**Trustee name**|**Office (if any)**|**Dates acted if not**
**for whole year**|**Name of person (or**
**body) entitled to**
**appoint trustee (ifany)**| |---|---|---|---|---| ||Arthur Rhodius|Chair||| ||Katharine Nairne|||| ||SallySheldrake|||| ||Daniel Raymond||11/04/2020|| ||Vincent Power|Treasurer||| Name of trustees holding title to property belonging to the charity |**Trustee name**|**Dates acted if not for**
**whole year **|| |---|---|---| |||| |||| |||| |||| |||| |||| Page 7 of 12 Document Ref: XUJHE-HPPNB-Y82PN-AROPJ Page 7 of 12 Trustee Annual Report for Year Ending April 2021 ## **Funds held as custodian trustees on behalf of others** |Description of the assets
held in this capacity|Not Applicable| |---|---| |Name and objects of the
charity on whose behalf
the assets are held and
how this falls within the
custodian charity’s objects|Not Applicable| |Details of arrangements
for safe custody and
segregation of such assets
from the charity’s own
assets|Not Applicable| ## **Exemptions from disclosure** Reason for non-disclosure of key personnel details Not Applicable Page 8 of 12 Document Ref: XUJHE-HPPNB-Y82PN-AROPJ Page 8 of 12 Trustee Annual Report for Year Ending April 2021 ## **Declarations** **The trustees declare that they have approved the trustees’ report above.** **Signed on behalf of the charity’s trustees** |**Signature(s)**||| |---|---|---| |**Full name(s)**|Katharine Davina
Nairne|Vincent Power| |**Position**|Trustee|Trustee & Treasurer| |**Date**|03-02-2022|03-02-2022| Page 9 of 12 Document Ref: XUJHE-HPPNB-Y82PN-AROPJ Page 9 of 12 ## **Independent examiner's report on the accounts** ## **Section A Independent Examiner’s Report** ## **Report to the trustees/ members of[The Longchen Foundation ]** **On accounts for the year** 5[th] April 2021 **Charity no** 802247 **ended (if any)** **Set out on pages** 1 and 2 below this page I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 05/04/2020. - **Responsibilities and** As the charity trustees of the Trust, you are responsible for the preparation **basis of report** of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”). I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. ## **Independent examiner's statement** I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect: - 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. **Date:** 03/02/2022 **Signed: Name:** Rupert Taylor **Relevant professional qualification(s) or body (if any):** **Address:** Easton Business Centre Felix Road Bristol BS5 0HE Page 10 of 12 **IER** Document Ref: XUJHE-HPPNB-Y82PN-AROPJ Page 10 of 12 |**Charity Name**||**No (if any)**|| |---|---|---|---| |**LONGCHEN FOUNDATION**||**802247**|| |**Receipts andpayments accounts**
**For the period**
**from**
Period start date
**To**
Period end date
06/04/2020
05/04/2021|||**CC16a**| ## **Section A Receipts and payments** |**A1 Receipts**|**Unrestricted**
**funds**
**to the nearest £**|**Unrestricted**
**funds**
**to the nearest £**|**Restricted**
**funds**
**to the nearest £**|**Restricted**
**funds**
**to the nearest £**|**Endowment**
**funds**
**to the nearest £**|**Total funds**
**to the nearest £**|**Total funds**
**to the nearest £**|**Last year**
**to the nearest £**| |---|---|---|---|---|---|---|---|---| |Donations Received|**27,862**||**11,770**|||**39,632**||**36,025**| |Teaching & Retreats|**7,985**|||||**7,985**||**22,924**| |Educational Materials|**1,446**|||||**1,446**||**1,049**| |Miscellaneous|**49**|||||**49**||**184**| |**_Sub total_**|**37,342**||**11,770**||**-**|**49,112**||**60,181**| |**A2 Asset and investment sales, etc.**||||||||| ||**-**||**-**||**-**|
**-**||
**-**| ||**37,342**||**11,770**||**-**|||| |**_Total receipts_**|**37,342**||**11,770**|||**49,112**||**60,181**| ## **A3 Payments** |Donations Given|**21,500**|||||**21,500**||**36,327**| |---|---|---|---|---|---|---|---|---| |Oxford Premises|**29,234**|||||**29,234**||**20,522**| |Teaching & Retreats|**2,400**|||||**2,400**||**14,043**| |Educational Material|**5,897**|||||**5,897**||**5,120**| |Advertising|**1,323**|||||**1,323**||**1,310**| |Management & Aministration|**185**|||||**185**||**931**| |Miscellaneous|**323**|||||**323**||**209**| |**_Sub total_ **|**60,863**||**-**||**-**|**60,863**||**78,461**| |**A4 Asset and investment purchases,**
**etc.**||||||||| ||**-**||**-**||**-**|**-**||**-**| ||**60,863**
**- 23,522**
**-**
**91,629**
**68,108**||**-**
**11,770**
**-**
**4,445**
**16,215**||**-**
**-**
**-**
**-**
**-**|||| |**_Total payments_ **|**60,863**|||||||**78,461**| |||||||||| |**_Net of receipts/(payments)_**|**- 23,522**||**11,770**|||**- 11,752**||**- 18,281**| |**A5 Transfers between funds**
**A6 Cash funds last year end**|**-**||**-**|||**-**||**-**| ||**91,629**||**4,445**|||**96,074**||**114,355**| |**_Cash funds this year end_**|**68,108**||**16,215**|||**84,323**||**96,074**| Page 11 of 12 Document Ref: XUJHE-HPPNB-Y82PN-AROPJ Page 11 of 12 |**Section B Statement of assets and liabilities at the end of the period**|**Section B Statement of assets and liabilities at the end of the period**|**Section B Statement of assets and liabilities at the end of the period**|| |---|---|---|---| |**Categories**
**B1 Cash funds**|**Details**
Bank Accounts
Cash & PayPal Accounts
**_Total cash funds_**
(agree balances with receipts and payments
account(s))
**Details**
**Details**
**Details**
Oxford premises
**Details**
Loans from Members
Signature|**Unrestricted**
**funds**
**Restricted**
**funds**
**to nearest £**
**to nearest £**
**66,274**
**13,939**
**1,834**
**2,276**
**68,108**
**16,215**
**Unrestricted**
**funds**
**Restricted**
**funds**
**to nearest £**
**to nearest £**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**Fund to which**
**asset belongs**
**Cost (optional)**
**-**
**-**
**-**
**-**
**-**
**Fund to which**
**asset belongs**
**Cost (optional)**
Unrestricted
**-**
**-**
**-**
**Fund to which**
**liability relates**
**Amount due**
**(optional)**
Unrestricted
**35,000**
**-**
**-**
Vincent Power
Print Name
Daniel Raymond|**Endowment**
**funds**
**to nearest £**| ||Bank Accounts||**-**| ||Cash & PayPal Accounts||**-**| ||||| |Signed by one or two trustees on behalf of all
the trustees
**B2 Other monetary assets**
**B3 Investment assets**
**B4 Assets retained for the charity’s**
**own use**
**B5 Liabilities**|||| ||||**Endowment**
**funds**
**to nearest £**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**Current value**
**(optional)**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**Current value**
**(optional)**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**When due**
**(optional)**| ||||| ||||| ||||| ||||| ||||| ||||Date of
approval| |||Daniel Raymond|03-02-2022| |||Vincent Power|03-02-2022| Page 12 of 12 Document Ref: XUJHE-HPPNB-Y82PN-AROPJ Page 12 of 12