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
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## **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:
- 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.
- 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:
- The Trustees appointed Sally Sheldrake as Dharma Director.
- 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:
- Heart of Buddha Teaching Day - ‘ _Beyond Birth and Death_ ’ - By Francesca Fremantle
- Oxford and London local group courses on various Path of Freedom(POF) course topics.
- Further Development Teachings for Current Students:
- The Lion’s Roar - Gate 3 Weekend - July ‘23
- The Lion’s Roar - Gate 4 Weekend - Jan ‘24
- The Lion’s Roar - Gate 6 Weekend - May ‘23
- The Lion’s Roar - Gate 7 Weekend - Nov ‘23
- The Lion’s Roar - Year 1 (Gates 1 to 3) Retreat - Nov ‘23
- ● 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**
- The majority of the Trust’s net receipts for the year were from Dona�ons (73%) and Teaching & Retreats (25%).
- 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:
1. New Trustees are appointed by a majority of the Trustees present and vo�ng at a Trustee's mee�ng.
2. The appointment needs to be recorded by a memorandum signed by the person presiding at such a mee�ng.
3. The appointment takes effect when the new Trustee then signs this
- 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:
- 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:** 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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