Trustee Annual Report for Year Ending April 2022
TRUSTEE ANNUAL REPORT & FINANCIAL STATEMENT YEAR ENDED 5[TH ] APRIL 2022
THE LONGCHEN FOUNDATION TRUST CHARITY REGISTRATION NUMBER: 802247
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Document Ref: 8YQM9-KTZ6D-CAQYF-VUEBF
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Trustee Annual Report for
Year Ending April 2022
Objectives and Activities
Purposes of the Longchen Foundation
The purposes of the Longchen Foundation as stated in its Trust Deed:
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a) To advance the study and practice of the religion of Buddhism according to all traditions of Buddhism and particularly the Maha-Ati tradition.
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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:
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a) Running a wide range of reasonably priced Buddhist courses and retreats. It also produces and distributes Buddhist books and recordings of Buddhist teachings.
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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.
Financial Report Receipt and Payment Category Details
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Oxford Premises : Serves as the residence for Rigdzin Shikpo when he is in England and also as the Trust’s administrative centre .
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Donations Given : A total of £18,000 was donated to Rigdzin Shikpo.
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Advertising : Using Google Adds and Longchen’s website .
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Document Ref: 8YQM9-KTZ6D-CAQYF-VUEBF
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Trustee Annual Report for
Year Ending April 2022
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Educational Material: This category consists of the following items:
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Costs associated with preserving Longchen’s audio and video archive
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Books and equipment to assist Rigdzin Shikpo
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Media Sales
Achievements and Performance
Public Events
The following national public events were held during the year:
The Lion’s Roar – Introductory Weekend
- Gate 1 - May 2021 - Online
Local Groups
Three 3 local groups in London, Bristol and Oxford offered many introductory Buddhist courses throughout the year.
Further Training Events - Courses for Current Students :
– The Lion’s Roar Continued
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Gate 9 – April 2021 – Online
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Course Completion Ceremony – June 2021 - Online
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Gate 2 – October 2021 – Online
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Gate 3 – February 2022 – Online
Endless Compassionate Vision (ECV)
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Level 1 – June 2021 – Online
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Level 2 – October 2021 – Online
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Level 3 – February 2022 – Online
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Trustee Annual Report for Year Ending April 2022
Longchen Heart Essence (LHE)
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Stream 3 - Stage 1 – May 2021 – Online
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Stream 3 - Stage 2 – Sept 2021 – Online
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Stream 3 – Stage 3 – March 2022 – Online
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Special Teaching – Dec 2021 & Jan 2022 – Online
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.
Financial Review
End of Year Financial Position
On the 5[th] of April 2022, the total cash held was £86,178 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.
Structure, Governance and Management
Type of Governing Document
Declaration of Trust Dated the 17[th] November 1988
How the Charity is Constituted
Charitable Trust
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Trustee Annual Report for
Year Ending April 2022
Trustee Selection Method
The appointment of a new Trustee is made by the following procedure:
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New Trustees are appointed by a majority of the Trustees present and voting at a Trustees meeting.
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The appointment needs to be recorded by a memorandum signed by the person presiding at such a meeting.
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The appointment takes effect when the new Trustee then signs this memorandum.
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
| 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 | |||
| Sally Sheldrake | |||
| Daniel Raymond | |||
| Vincent Power | Treasurer |
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Trustee Annual Report for Year Ending April 2022
Name of trustees holding title to property belonging to the charity
| Trustee name | Dates acted if not for **whole year ** |
|
|---|---|---|
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
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Trustee Annual Report for Year Ending April 2022
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 | 15-11-2022 | 15-11-2022 |
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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 2022 Charity no 802247 ended (if any) Set out on pages 9 and 10
I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 05/04/2021.
- 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:
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accounting records were not kept in accordance with section 130 of the Act or
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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: 16/11/2022 Signed: Name: Rupert Taylor Relevant professional qualification(s) or body (if any): Address: Easton Business Centre Felix Road Bristol BS5 0HE
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| Charity Name LONGCHEN FOUNDATION |
Charity Name LONGCHEN FOUNDATION |
Charity Name LONGCHEN FOUNDATION |
Charity Name LONGCHEN FOUNDATION |
Charity Name LONGCHEN FOUNDATION |
No (if any) 802247 |
No (if any) 802247 |
No (if any) 802247 |
CC16a | ||
|---|---|---|---|---|---|---|---|---|---|---|
| For the period from |
Period start date 6/4/2021 |
To | Period end date 5/4/2022 |
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| Section A Receipts and payments | ||||||||||
| A1 Receipts | Unrestricted funds to the nearest £ |
Restricted funds to the nearest £ |
Endowment funds to the nearest £ |
Total funds to the nearest £ |
Last year to the nearest £ |
|||||
| Donations Received | 32,604 | 2,152 | 34,756 | 39,632 | ||||||
| Teaching & Retreats | 20,339 | 20,339 | 7,985 | |||||||
| Educational Material | 534 | 534 | 1,446 | |||||||
| Miscellaneous | 130 | 130 | 49 | |||||||
| A2 Asset and investment sales, etc. Sub total |
53,607 | 2,152 | - | 55,758 | 49,112 | |||||
| - | - | - | - | - | ||||||
| Total receipts | 53,607 | 2,152 | - | 55,758 | 49,112 | |||||
| A3 Payments | ||||||||||
| Oxford Premises | 22,499 | 22,499 | 29,234 | |||||||
| Donations Given | 18,000 | 18,000 | 21,500 | |||||||
| Advertising | 6,160 | 6,160 | 1,323 | |||||||
| Teaching & Retreats | 3,661 | 3,661 | 2,400 | |||||||
| Educational Material | 2,642 | 2,642 | 5,897 | |||||||
| Miscellaneous | 482 | 15 | 497 | 323 | ||||||
| Management & Admin | 444 | 444 | 185 | |||||||
| A4 Asset and investment purchases, etc. Sub total |
53,888 | 15 | - | 53,903 | 60,863 | |||||
| - | - | - | - | - | ||||||
| Total payments Net of receipts/(payments) |
53,888 | 53,903 | 60,863 | |||||||
| - 282 |
2,137 | - | 1,855 | - 11,752 |
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| A5 Transfers between funds | - | - | - | - | - | |||||
| A6 Cash funds last year end | 68,108 | 16,215 | - | 84,323 | 96,074 | |||||
| Cash funds this year end | 67,826 | 18,352 | - | 86,178 | 84,323 | |||||
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| Section B Statement of assets and liabilities at the end of the period | |||||||
| Categories | Details | Unrestricted funds to nearest £ |
Restricted funds to nearest £ |
Endowment funds to nearest £ |
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| B1 Cash funds | Bank Accounts | 67,807 | 18,304 | - | |||
| Cash | 19 | 48 | - | ||||
| Total cash funds | 67,826 | 18,352 | |||||
| B2 Other monetary assets B3 Investment assets B4 Assets retained for the charity’s own use B5 Liabilities Signed by one or two trustees on behalf of all the trustees |
Loans from Members (agree balances with receipts and payments account(s)) Details Details Details Details Oxford premises Signature |
||||||
| Unrestricted funds Restricted funds to nearest £ to nearest £ - - - - - - - - - - - - Fund to which asset belongs Cost (optional) - - - - - Fund to which asset belongs Cost (optional) - - - Fund to which liability relates Amount due (optional) - - 35,000 Unrestricted Unrestricted Print Name |
Endowment funds to nearest £ |
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| - | |||||||
| - | |||||||
| - | |||||||
| - | |||||||
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| Current value (optional) |
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| Current value (optional) |
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| When due (optional) |
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| Date of approval |
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| Daniel Raymond | 15-11-2022 | ||||||
| Vincent Power | 15-11-2022 | ||||||
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