The Longchen Foundation The Complete Buddhist Path of Mahayana M8ha-Ali TRUSTEE ANNUAL REPORT & FINANCIAL STATEMENT TH YEAR ENDED 5 APRIL 2024 THE LONGCHEN FOUNDATION TRUST CHARITY REGISTRATION NUMBER: 802247 Page l of 10
Objec�ves and Ac�vi�es
Purposes of the Longchen Founda�on
The purposes of the Longchen Founda�on as stated in its Trust Deed:
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a) To advance the study and prac�ce of the religion of Buddhism according to all tradi�ons of Buddhism and par�cularly the Maha-A� tradi�on.
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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 representa�ves of the Maha-A� tradi�on.
Public Benefit
The Trustees confirm that they have had regard to the guidance issued by the Charity Commission on public benefit. The Longchen Founda�on provides public benefit by suppor�ng the work of Rigdzin Shikpo Rinpoche the successor of the Ven. Dilgo Khyentse Rinpoche and the Ven. Chogyam Trungpa Rinpoche as representa�ve of the Maha-A� (Dzogchen) tradi�on. Rigdzin Shikpo developed many the innova�ve courses which make Buddhism in general and the Maha-A� (Dzogchen) tradi�on in par�cular more accessible to Westerners. These courses are now provided by the Longchen Founda�on.
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Achievements and Performance
The Trust’s Dharma Director, Rigdzin Shikpo Rinpoche, died suddenly on the 28th April 2023. Consequently, a major focus for the remainder of the year was pu�ng systems in place to ensure the preserva�on of his teachings as a living Buddhist tradi�on. Measures which were implemented include:
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The Trustees appointed Sally Sheldrake as Dharma Director.
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Significant progress was made concerning the se�ng-up of a new Longchen Founda�on Teacher’s College.
The Trust con�nued an ac�ve teaching programme:
Teachings Open to the Public:
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Heart of Buddha Teaching Day - ‘ Beyond Birth and Death ’ - By Francesca Fremantle
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Oxford and London local group courses on various Path of Freedom(POF) course topics.
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Further Development Teachings for Current Students:
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The Lion’s Roar - Gate 3 Weekend - July ‘23
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The Lion’s Roar - Gate 4 Weekend - Jan ‘24
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The Lion’s Roar - Gate 6 Weekend - May ‘23
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The Lion’s Roar - Gate 7 Weekend - Nov ‘23
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The Lion’s Roar - Year 1 (Gates 1 to 3) Retreat - Nov ‘23
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● The Lion’s Roar - Year 2 (Gates 4 to 6) Retreat - Aug ‘23 ● Bodhisa�va Silas Course - By David Hutchens - Jan ‘24 to May ‘24
Note: Further details on the above courses are available on : - h�ps://www.longchenfounda�on.org/longchen training/
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Financial Review
Receipts & Payments Overview
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The majority of the Trust’s net receipts for the year were from Dona�ons (73%) and Teaching & Retreats (25%).
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The majority (81%) of the Trust’s net payments for the year were associated with running and maintaining its Oxford premises, which serves both as its administra�on centre and as the residence of its Dharma Director. Other significant net payments were: Dona�ons to Rigdzin Shikpo Rinpoche and also to Khenpo Tsultrim Gyamtso Rinpoche’s Nunnery Project (5% total), Longchen’s Library & Archive (5%) and Adver�sing (4%).
End of Year Financial Posi�on
On the 5[ th ] of April 2024, the total cash held was £88,166 and total liabili�es
- 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 con�ngency against an unexpected drop in receipts or an unexpected increase
in required payments.
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Structure, Governance and Management
Type of Governing Document
Declara�on of Trust, Dated the 17[ th ] November 1988
How the Charity is Cons�tuted
Charitable Trust
Trustee Selec�on 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 vo�ng at a Trustee's mee�ng.
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The appointment needs to be recorded by a memorandum signed by the person presiding at such a mee�ng.
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The appointment takes effect when the new Trustee then signs this
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memorandum.
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Reference and Administra�ve details
| Charity name | The Longchen Foundation |
|---|---|
| Other name the charity uses | Longchen Programmes |
| Registered charity number | 802247 |
| Charity’s Registered Office and Operation Address |
30 Beechey Avenue Old Marston Oxford OX3 OJU |
Names of the charity trustees who manage the charity
| Trustee Name | Office (if any) | Dates Acted if Not for Whole Year |
|
|---|---|---|---|
| 1 | Arthur Rhodius | Chair | Resigned 16/09/2023 |
| 2 | Katharine Nairne | ||
| 3 | Daniel Raymond | ||
| 4 | Vincent Power | Treasurer |
Exemp�ons from disclosure
Reason for non-disclosure of key personnel details: Not Applicable
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Declara�ons
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 | 14-08-2024 | 14-08-2024 |
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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 2024 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 05/04/2024.
- 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: 14/08/2024 Signed: ~~|~~ Name: Rupert Taylor ~~Po~~ Relevant professional qualification(s) or body (if any): Address: 5 Mount Pleasant, Millbrook Torpoint, Cornwall PL10 1BH
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| Charity Name No (if any) LONGCHEN FOUNDATION 802247 Receipts and payments accounts For the period from To Period start date Period end date 6/4/2023 5/4/2024 |
CC16a | |
|---|---|---|
| A | Charity Name | Charity Name | Charity Name | No (if any) | CC16a | |
|---|---|---|---|---|---|---|
| Charity Name LONGCHEN FOUNDATION |
No (if any) 802247 |
|||||
| Receipts and payments accounts | ||||||
| For the period from |
Period start date | To | Period end date | |||
| 6/4/2023 | 5/4/2024 | |||||
| Last year - - - - - - Unrestricted funds Restricted funds Endowment funds Total funds A1 Receipts A2 Asset and investment sales, etc. A3 Payments A4 Asset and investment purchases, etc. A5 Transfers between funds A6 Cash funds last year end Section A Receipts and payments to the nearest £ to the nearest £ to the nearest £ to the nearest £ to the nearest £ - - - - Donations Received Teaching & Retreats Media Sales Interest Miscellaneous Oxford Premises - House Oxford Premises - Office Teaching & Retreats Donations Given Library & Archive Advertising Media Sales General Admin Miscellaneous 26,755 10,425 37,180 29,857 16,582 16,582 29,985 1,188 1,188 989 235 235 51 21 21 860 44,781 10,425 55,206 61,742 - - - 44,781 10,425 - 55,206 61,742 19,244 19,244 16,841 11,166 11,166 9,719 7,300 7,300 19,506 2,337 2,337 18,000 2,166 2,166 1,749 1,443 1,443 1,933 824 824 700 273 273 196 988 55 1,043 518 45,742 55 - 45,797 69,162 45,742 55 45,797 69,162 - 961 10,370 9,409 - 7,420 59,727 19,030 78,757 86,178 58,766 29,401 - 88,166 78,758 Sub total Total receipts Sub total Total payments Net of receipts/(payments) Cash funds this year end A ~~ee~~ ~~ee~~ ~~ee ee |
~~ ~~a |
~~ ~~ |
~~ ~~PE~~ ~~IL ILE~~ ~~ |
~~ ~~ |
~~ ~~ |
|
| - 7,420 |
||||||
| 86,178 | ||||||
| 78,758 |
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1
| Charity Name | Charity Name | Charity Name | No (if any) | CC16a | ||
|---|---|---|---|---|---|---|
| Charity Name LONGCHEN FOUNDATION |
No (if any) 802247 |
|||||
| Receipts and payments accounts | ||||||
| For the period from |
Period start date | To | Period end date | |||
| 6/4/2023 | 5/4/2024 | |||||
| Unrestricted funds Restricted funds Endowment funds Unrestricted funds Restricted funds Endowment funds Section B Statement of assets and liabilities at the end of the period Categories Details to nearest £ to nearest £ to nearest £ - - to nearest £ to nearest £ to nearest £ - - - - - - - - - - - - Fund to which asset belongs Cost (optional) Current value (optional) - - - - - - Fund to which asset belongs Cost (optional) Current value (optional) - - - - - Fund to which liability relates Amount due (optional) When due (optional) - - B1 Cash funds 58,663 29,503 58,663 29,503 - B2 Other monetary assets B3 Investment assets B4 Assets retained for the charity’s own use B5 Liabilities 35,000 Bank Accounts Cash Loans from Members Daniel Raymond Vincent Power Total cash funds (agree balances with receipts and payments account(s)) Details Details Details Details Oxford premises Unrestricted Unrestricted Signature Print Name Date of approval Signed by one or two trustees on behalf of all the trustees 14-08-2024 14-08-2024 ~~———~~ === ——— == == |
||||||
| 14-08-2024 | ||||||
| 14-08-2024 |
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