REGISTERED CHARITY NUMBER: SC023439 REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED JI MARCH 2025 FOR TIBFTAN YUNGDRUNG BON STUDV CENTRE (CENTRE FOR LEARNING TIBET'S NATIVE SPIRITUAL TRADITION) Amislron8 Walson LLP Cal¢donia Housc 89 Seaward Street Glasgow G41 IHJ TIBETAN YUNGDRUNG BON STUDY CENTRE (CENTRE FOR LEARNING TIBET'S NATIVE SPIRITUAL TRADITION) CONTENTS OF THE FIN￿'CIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Page Report of the Trustees Independent Examiner's Reporl Statement of FiDan¢lal Actlviti Balan¢¢ Sheet Notes to the Flnanclal Statements 10 10 17 TIBETAY YUNGDRUNG BO.N' STUDY CENTRE {CEfiTRE FOR LEAILNIYG TIBET'S NATIVE SPIRITUAL TRADITIOY) REPORT OF THE TRUSTEES FOR THE YEAR EIYDED 31 MARCH 2025 The Irustees Present their report with the finan¢Tal statements of th¢ charity for the year end￿ 31 March 20?5. The trustees hav¢ adopted the provisions of Accounting and Reporting by Charities: Statemcnl of Recommended Practice applicable to chariiies prcparing iheir accounts in *ic¢ordance with the Financial Reporting Standard appli(2ble in the UK and Republie ol- Ireland (FRS 102) (effcctivc l January 20191. 2024_2025 has ab)ain been a busy year for TYRSC Rnd its Spiritual Diirctor. seen an ong•oinLT advancemcnl and consolidation of meditalional praciice and TLdiliiiigb. OBJECT AVES AND ACTIVITIES Slgnificant Setivilies A%sets Purchasc or As nolcd in prcviau8 ycars the TYBSC Board has been looking to purchase a remote retreat centr¢. Following a pause in looking for Sliiiable properti¢s. the property directly opposite th¢ Ku-soom LinLI Gom-pa came up for sale in May ?n24. Rinpoche suggcsted ihai this would be a good oppurtunily lo extcnd Ihc provisions of the exisling Gom-pd dl rather than finding a new propcrty in a tnore I'cmol¢ lo¢aiioTh. 'I'he TYIJSC BL)urd meinbLrs agreed. 'I'heir upiiiiiin VLi% Ihat thc prop¢ny was well suii¢d tor the TYBSC'S purposcs. Thc TYBSC Board proceedcd to purchuse the prop¢rly. with the exchan8e of conlrac15 and complction taking place in November 2024. Thc property purchase is the culminalion of many years of hard work bv Ihc TYBSC board and members lo se¢ur¢ a residcntial propLrly f¢Jr ihe TYBSC and finally realisLs vi%iun of a dedicated UK Relrcat Ccntrc, Many mcmbcrs ond non mcmbers havc gicncrou%ly donulLd funds over ihe years 10 hclp rLiIIIsL this vision, and the purchase was made possiblc ii%inbT funds Hlready raised for Ihis piirposc. wilh an additional £120.000 being scciircd via a priV￿[e loan froin tt studeni. 'I'his loan is io bc repaid wiil)oul inleresi within 10 years. dn(I the TYBSC Board are deligyhied lo bc ablu lo ollcr th¢ propcty for ihe use of invit¢d gucsls and TYBSC i)ILiiib¥l".% Ic>r resideniial and non residLnli&l rclrcals and ieachings. Scvcral r¢pairs were made to the Gom-pa dl by the Caretaker and supportcd by Ihc TYBSC Community. including repairingi Ihc fronl porch. In nior¢ rcccnl ycars. ddmp #nd mould huvc been developing on IhL wa115 nf ihc Gom-pa..Tihe TYBSC ljoard arranged for A damp 8nd Londen5&1ion survey 10 be carried oul by a repulablc company. This was ¢ondu¢lLd fr¥L of LhurbpL in March 2025 and The reporl was sub%cquonily made available in April 20?5. Thc rLpi)rt confirrnLd ilial ihcrc wcrc issucs with datnp and su&gc5tLd SCVLral polenlial sources of ihi5 dar[￿￿c. Th¢ TYBSC board is actively engaged in idcnlifyin8 ihc most appropriate action for addTC55ill8 Ihc damp issues. UK W¢ekly llnd Imonthly ReRuIAr Meditatlon Practlcc This ye3r thc rcgvular wcckly evcnin¥ meditational praclic¢ Sessions of D£ogchcn Nigondro {the 9 foundalion pracliL¢sI nd the regular monthly full day of th¢ medilalional prii¢li¢¢s of Jis1 P;1 Ni 'im Zhi Nyamlen {Ihe 4 Lhuril¢ible or generosity practices) have continued to be conducted over Zoom.Sin¢e 2021 'Ilso addcd TSEDRL'13 JARI-MA (lung Lif¢ prayer Ritc) to be perfornied on the day. Students and mcmbcrs ol. tl)e piiblic havc ihc opportunity io request to sponsor these monthly practices, dedicating the prayers for the bertefit of their families and loved ones. The weekly Dzogchen Nblondro Sak Jangi and Ihc Jinpa Namzlit Nyamlcn uonlinuc io bc free ol charge and open to thc gencrdl public. Thc5c wcckly and monihly mcctings and mCd1￿¢10￿￿] praciices on Zoom bring tO8cihcr studcnts of Yungdrung Bon from the UK, ond all ovcr thc iyorld and have Crca￿d and strcngth¢ned close ties within Ihc wider Spirilual con￿nuni1y. In addition to the 8bovc, so1￿ individLial Incmbcr% from Ihc rcgions mct infomially to practice tO8crhcr in STnall groups in pcrson or Yia Zoom as encouragLd by Page I TIBETAY YUNGDRUNG BON STUDY CENTRE (cLr4TRE FOR LEARNING TIBET'S ￿'ATIVE SPIRtTUAL TRADITION) REPORT OF THE TRUStEES FOR THE YEAR EfsDED 31 MARCH 2025 ACHIEVEMETr4TS AND PERFORMANCE Charitable 4¢tivi¢ies Retreats and TeAchin%s Durin¥) ?0?4 ?0?5 lh¢ leaching aclivilies undertaken under the umbrcllA of TYBSC by its Spiritual Dircclor ontinued uninlemipted from Apiil 2024 10 thc cnd of March 2025. Tri-weekly Dzogchen teachings Th¢ onguing formal Dzogchen Teaching continued, altcnded noi just by UK SLudenls bul also by SiudLnls of Yungdrung Bon froin all over the WOTld. Th¢ SLOPC of tlie cour5C. it's depth and thc ttdvunLcd nuture of IheseTea¢hing5 a unprecedentcd in ihis part of thc world with ￿l]nderf#kIng compl¢x translation5 of bpilitudl tcxts prcviou51y unkno￿￿ in the West. Furthennore in man￿. LIIL con¢epis contained within Ihc T¢a¢hin8s have no western cquival¢nl, so ¥r¢ carefully and thoughtfully adapted lo allow wcstcrn minds to grasp these complex and subil¢ oncepls.Thc -fri-Iwcekly teachings wcr¢ augmcnlcd ihrough ihc continuation of weekly DLoghen Teaching revisions on Zoom led by hich dccpen students, understanding of the l¢achin&8. Dutri Su Drib Jong In May 2024 a Ihrcu. doi. r)Iilri Su Drib Jong rile was perfonned, sponsored by a siudent, and was held in Ihc Ku500m-Ling Gon-pa. lcd the rile in p¢r￿n, also 18king the opportuniiy to leach Ihosc %tudcnls present mor¢ Rboui the Dulri Su Drib Joiigi ritc. The cvent was well attended with siudcnly flyinL? in from Europe and Amcrici. Les8 elaborate Dutri Su Drib Jongs havc be¢n perf(>m￿d frequently over Ihc ycar a$ part of Ihc Wednesday Sak-Jang. Students and mcmbLrs of Ihc public can sponsor a Dutri Su nTibJunbi via forniol request to RinpLJchL, when family mcmbcrs or lov¢d ones are siek or facing difficult circum&tsnces, and ihc praycrs arc Ihcn dcdicaied apprc*priarely. Visiting Lamas from the wider Yungdrunu Bon Communiiy In August 2024 ITiddL a privatc visil lo our during whiLh he visited the Ku_soom Linb (iuni-pJ iii LuiiLluii. Following his visit he inadc donalinn% l(} 111 iiidiniaining thc Gom-pa, via his organi%ation Ligmiiicha Iniemalional. The TYBSC wcrc dclighied lo wel¢om¢ the to Ihe Ku-$OOTll Lingy Goin-pa lo Lomplete a Zhang Zhung Nyen Gyud ctnpuw'LI fiiLllt aiid iiaLliin.{7 Irom 2,Iih i(1 ?6ih Junuary 2025. The Ponlob is the principal tAma in thc Mcnri Monastery.over5eeing its spiriiuul prucliLL% al)d kLLP. Twci Lainag a¢compaiiied him 10 assist diiring Ihe Teaching, as WLII as requesting our o assist. Following months uf plannin& for IIIL cvcnl, it was wcll aitended by mLmbL'rs vf Illl Ku-suoiii Link l_)riib.dhc and Lon¢ludLd su¢icsit"ully. Thc Ponlob and his assistant& siuycd ai Ihi ncwly thcquircd property ill durin8 the evenl. Annual Yar-Tsham {retreall The annual 15 dlly inlLmational Yar-Tsham (summer rclrcal) look plac¢ from 30th Aubrysl to 13th SLPILmbLr 2U24. 11 was successtiilly complclcd following7 tscveral months ol preparation io comfiirliilil! 'ILLoiiiiiiodcili Ihc 5tudenls who attcndcd. Thc rr]ain topic of this yeals Yar-tsham was D70gchen bascd on ￿￿￿￿lachIngS and practiceq. li proved an excellanl opportunily for the Ku-soom Lino DrLib-dhL' TIILnibLI'4 10 deepen tlieir understanding and practice of these profound teachings, under the guidance of Private consultations wilh Private con5ultalion5 Wlth the Lllma continued to take place mainly via Zooin. and where practical in person. These onc Iu uiics L￿(¢1. for a multiiudc of siludlions. Mcmbcrs of ilic public and sludenis alikc cunlinuc to be offered weekly opportLinities lo consulii wilh IhL Lamu fi)r u wide rangc of questions r¢lcvanl lo Ihc t¢achings ond rneditation laughi by the Lam8, and any oiher spiritual or otherwise personal conccrns thcy may have. PeTsonal retreats Pagc 2 TIBETALY YUNGDRL.VG BOY STUDY CENTRE (cE￿,TRE FOR LEARNIYG TIBET'S NATIVE SPIRITUAL TRADITION) REPORT OF THE TRUSTEES FOR THE YEAR F.NDFD 31 I¥IARCH 2025 Individiidl Ku-fixim l.ing Drub-dhc membif) cnntllllliiq rn c.iindilCt personal retreats at the Ku-soom Ling Gon-pa in New Barnel. following consultations with Sircngthening lies with the wider communily As on¢ of the five main Buddhist schools, all Yungdrung Bon Drub-dhe including TYBSC'S Ku-soorn Ling Drub-dhe were appointed by l.lis Holiness the Dalai Lama ai the Office of TibLI. Loi)don in Pebnory 2025 requesling our opinion on whether ilie inslililion OL. the Ddlai Lama should conlinuc. Ihc t4odrd LonfirmLd ih¢ii' support or th¢ continuation of Ihc Inslilulion of IhL Dalai Lama. Shornly afteN'arcls Flis HulinLS5 Ihe Dalai Lama's UK rLpfL.%Lnlaliv¢ rcqucstcd a meeting wilh Riiipoche and the TYBSC Incmbers and subsequently altcnded at Ku-soom Ling Gompa in March 2025. The office of Tibet followcd up with a warni thank you leiter io Rinpoche and Ihosc who aiiended the meelinb,. Rubchcn From the I1- 16 April 2024 the Menri monastic comrniinity in Nep81 conducted Menri Drubchen led by His Holineks 34th Imenri Trizin. This rite is exlremcly special and is conducted al least once during the lifelime of each Menn Abbot. During this rile a laTgL quantity of th¢ sacred Mendrub (healinbi incdiLinc) is blessed and subsequcnily di51ribulLd io Yiingdrung Bon Lamas around the world. Ku-soom Lin8 Drub-dhe were amongst thoscinvilcd to make Loniributions to sponsor oiie dav or rt of a day of prayers. dedicated iii the namL of their family friends elc. The sponsor4hip doiitLled studenis was colle¢led by TYBSC aftd sent to the moneslary on Iheir behalf. by 100 yc&rs of wi8dom In february TritLlI X(Iil?ulNL Mi on4sr¢ry in Kaihmandii cclcbralcd his Eniiftei)ce IOOih birtliday. devoted his entir¢ life lo the preservaiion, pra¢lice #nd pi QPJb.Iioii l.l¥ >aLr¥ ol Yunb7drLinb L4011, I111(I W411 Ihc pillar of the Yungydninb7 Bon 5pirituul ¥ommuniiy worldwide. Th¥ ¢il¢bralions of l 00 ycars ol. his extraordina i %criL4 ofcvcnts sucli as the inau￿ur￿I10n of il's ncw Icmplc, con3eeration rituals, a Long-Life Puja foT a Geshe Graduation C,Lrcmony. and the Sixth International Confcrcncc on Bon. Thcyungdrnng 13011 conwiiuniL> ii'urld widL including TYBSC members and friends, and Ku-soon Ling Srub-dhe werc inviied lo make donations io sponsor these celebration5. TYSBC collected donations on beh21( of il'5 %111(ILllls und rricnds, and ihL%c wcrc personally handed over lo Ihc donalioi)s 0￿1¢¢ al Tnlcn NorbulsL b our Vice-¢onvenor, on bchalf of TYBSC. FI￿ANCIAL REVIEW Flftanclal reviLIv For IhL &Livuiilin¥ period under review th¢ apprOvl￿ occounts show: Total income for the year increascd 10 £128,087 (2024.. £104,582) and totsl cxpcnditurc dccrcascd to £77,467 (2024.. £87,349). This resulis in a nct movcm¢nt of funds for the year of £50.620. Reservd poll¢y Thc Charity kccps a cash rcservc in lis bank account. which 1% 5ufliLienl lo keep it in opcralion in thc event of a105S Ot" incom¢. TYBSC currenily has free gcncral rcscrvc5 lloL tied up for a specific PUTP05C of £822,226. Funds of £393,837 which had been desionated for the pol¢nti&l properry project were fully ulilised during die year due to Ihe acquisiiion of ihe new propclly. In prior years. the tru51ccs had dLsigncd lunds of £42.695 to COVLr IhL borroiviiigs associated w'iih the proposLd purchase. DuringF ihi yLar, a furtl)er loan was rcLcived lo faLiliiul¢ IhL purchase and as al 31 March 2025, a furthcr £113.000 of funds havc beeii dcsignalcd to mccl Ihc ￿payMen15 of thi5 loan. During the year. thc charity rcceivcd furihcr rcstricted donations of £20.764 Lowards Ihe property acquisilion. With Ihc aLqUi511ion of ili¢ prupcrty. Iliis fund has becn fully ulilisLYI und h¢nLe ihe reslrirled fund bJlancc of £140.783 has been transferred to unrestricted funds. Going con¢¢rn The Irust¢es keep und¢r rcvicw ihc Icvel of free ￿serveS lo ensurc the charily's continuance in future years. Reserves are conslanily monitored and managed to ensure liabiliLies can b¢ mel as thcy fall due. Page 3 TIBETAY YULYGDRL'NG BOY STUDY CENTRE (CELYTRE FOR LEARNIYG TIBET'S NATIVE SPIRITUAL TRADITIOY) REPORT OF THE TRUSTEES FOR THE YF.AR F.NDED 31 MARCH Z025 FUTURE PI.ANS The Coming Year: The TYBSC inlend io continue the prob7rammL of activities from 2024 2025, including planningy for the annual two week Yar-Tsham ( retrcat) at the Ku-SQQLn Ling Gom-pa in Scplcmber 2025. dnd the TYBSC Board members woiild like io ihank <111 Iliii%L who make it possible 10 ¢onlinue running the cliarity? and iiiosi iiiiportanily, supponing the conlinLkaiion ol. profoLuid and precious and Mcn-ngak Rinpoch¢ (Precious T¢aching). As students. we are very foTlunMiC io be able to receive such wondcrfLII, Iinprecedcntcd Tcachings from ￿ and we will be forever Ihankfi)I lo hiin for his painstaking pr¢cis¢ Iranslation, his persistent. diligcni dei'iiiii)ii lo his students, his endless enihusiusm and for motivating us all lo a¢￿'eve our besl and beyond. Wc would like to thank all our um7.eys (pray¢r leadcrs) including one to oncs and wecklv r)?ngchen revision sessions, as wcll as rcgiilArli. ILiiLliiik) IWLLkl}' Il¥LIIII- lor all his hard work as Administrator, for her work organising cn. As always thank you Th¢ puryuso5 01- 'I'YLISL as a charity is to advance the Spiriiual Tradition of Yungdrung Bon, cmb¢dding these exlraoi'dinary ieachings in this purl uf thc world, bringing real, langiblc inncr Irunsformation 10 us in the Wesi. Wc musl rcalisc, that in the past. Wesierners hav¢ travellLd months lo gcl inio Tibet to receive lea¢hingys and Inany htsvc rcturned back wilh some academic infonnglion dccorated wilh some mantras and praycr. Today, Tibet turned up nt our doorslcp and buih sludLnl¥ und the widcr public Can bLnLfit in ¥0 many wjjys from these extraordinarily profound iLuching%. Wc thank caLh af you foi. supEx)rtiiig vision and Ihc purpn%cs of TYBSC Ihrough donations of your lim¢ and mthney, memberships. atiendiniT iirvek Li ',I:'.d Iiiiiiiilily mediE&iions. pariicipalion in Tri weekly Teachings and revisions and privat¢ iunyulimliuns willi ￿ E'very ¢vnlriburion uf your limc as well as money help5 and is csscnlial to Ilow Ihc Teachings to coniimue lu bL dviiilJblL Iii iJ% in Ihc unpff¢edenled way Ihey arL orrLfLd now. As siudenls the only way we cdn really %ay Ihank you to is lo prdctice whalLv¢r Teachings we havc received, dilibicnily, pcr8iStanily aiid d¢vo¢ionally. so that the iruc C%4LIILL L)rthc Tcacliitigs of Yiingdrung ljob mdy bc pr¢%crvcd. STRUCTLRF., G()VERliA.YCE AND MAIYAGEMENT Governing do¢ument Thc Tibclan Yiinbidrunb, Bon Study Cefttre UK (TYBSC) was founded by Iihc Spirilual Dircctor of thc charity) in March 1994, Scniiish Churity No. SC023439, ThL Coii%litiJli()n of the TYBSC was endorsed on 2nd Mareh 1994. amcndcd aiid endorsed on 8th January 2011 and 15th May 2022. The purpose of TYBSC is Ilic advonc¢m¢nl of the tradilion knowm a5 Yunbpdruiigi Bon. which is Ihc origiinal spiriiuul Iradition ufTibel and the Tibetan people. All moniLS rJisLd arc for (he odminislration and runnins Losls of ihe chtsrity. Recrultmtnt And Appolntment of new trustees As a qm811 cliaritahle orgunisalion with a low membcrship, Roard members are invited from among existing TYBSC mLinber5 to b¢com¢ Iruslees of the charily, provisionally consulted. notninat¢d and Ihen cl¥clLd at the At]nual Gencrnl Meeting. OrgAnlsation%l 51rueture The charity Iruste¢s are responsible for the general control and management of the charity. The iru¥lees mect tog¢iher as a body on a rcgular b8bis Jjnd ure responsible for all decisions lakLn in rcl&lion to running Ihc community a¢iiviiies providcd by thc Lharity. Key management personnel The IriibleLs mcel lug>cihcr a5 u body on a regular bdSiS and are rcsponliblc for All decisions taken in rclalion to running IhL LommLLnily acliviiies provided by Ihe charily. As sucli. thc Trusiees consider mLmber8 of Ih¢ Board and the Spirilual Director to bc key managcmont personnel. Details of paymcnls madc lo key management personnel are detailed in noie 7. Page 4 TIIIETAN YUNGDRUNC BON sfuDY CEIYTRE (CEIYTRE FOR LEARNING TIBET'S iYATIVE SI*IIIITUAL TIL4DITION) REPORT OF THE TRUSTF.ES FOR THE YEAR ENDED 31 MAiiCH 2025 STRLTCTURE. COVERNANCE AND MANAGEMF.Tr Risk management Ihe tnistees continue to muiiitur ¥nd rcfjnc thL in plkce lo idcnlify 8nd review the risks to which tile clwiry is cxposed and to ensur¢ thftl dpprnprialL coiiiriils are in plyce io miti8&le u]iy ri8k% idenlified. ThL charity h&8 h¢¢n d¢vLIuplli8 a (ktsilLd ritsk rcgistLr recenity whicli will assisi in in(>nilori]ig wid Addrtssin8 any iisks ideiirified. RIFF.RF.Ncf. AM) ADMTrIISTRATTVE DF,TAJts Registered charity numbor SL023439 Prfn¢ip•l address lkne 'l're&swtr Tru8te On Isi June 20?4 hAiidcd iii his resi8nation as TYBSC s¢cr¢l#ry anil thu ViiL Conven(Ir WH.¥ n(kmii)aled by tlie'l'YIISL Ilt)ard io tempornrily cover in thc rol¢ of ￿ting secretary until Ihty i)L'xI AGM. Indcpcndent Ei xfjmlner AmistroTrg Watson LLP Caledrii)ix Pl(Iiise 89 Seaward Stste( Gl&8gow G41 IFIJ Fl#nker HSBC C¥rlh%lL, Cily ()IYIcc carli.sle Cumbria CA3 8JX KL'V li IdiidLJLII)Lllt l)Lrs()nnLI AppiDv¢d by ol'der of t]ie b(wd of trusiC&S on l 6 November 2025 WILI ¥ignLd Lm il% behdlfhy= [NDEPE)DE￿ EXAMIYERIS REPORT TO THE TRUSTEES OF TIBETA]% yU￿,GDRU￿G BON STUDY CENTRE I rcport on thc accounts for the year ended 31 March 2025 set out on pagcs scvcn io sevcntccn. Respective re8ponslbillties of trustees and examlner Thc charity's trustees are respoiisible for the prcparation of Ihc accounts in accordance with the t¢nns of the Charities and Trustee Invcstment {Scotland) Act 2005 and thc Charitics Accounts (Scotland) Regulalions 2006 (as amcnded). The charity'5 trusi¢LS consider that Ihe audit requiremeni of Rcbiulation l O( l )(8) to (c) of the Accoun￿ Rcgulaiions does not apply. li is my rcspoiisibility lo examine the accounts as rcquirLd under Section 44(1)(c) of the Acl and 10 si2tc whcihLr particular mattcrs havc come lo niy attention. Basls of the Independent examiner's report My examinaiion was carricd out in accordance with Regulation I l of the Charities Accounts (Scoiland) Regulations 2006. An examination includcs a rcvicw of tlie accountiiig records kept by th¢ cliarity and a Comparison of Ihc accounis presented with those record5. li also includcs coiisideration of any unusual ilenLS or disclosures in the accounts. and seeking explanations from you ab INslccs conccming ￿}Y such mattcrs. Tho pro¢¢durcs underiakcn do not provide all thc evidence thai would bc rcquired in an audit, and consequently I do no¢ cxprcss an audit opinion on d)e view given by thc accounLS. Independent e%amlner's statement In conneciion witli my examinaiion, no matt¢r has come to my attention . { l) which givcs mc rcasonablc cause to belicvc that, in any matcrial respect, the requirements to kccp 5 ycars 95,695 42.695 14. MOVEMENT IN FUIYDS Net movement In funds Transf¢r$ between funds At 3113125 At 114124 Unrestricted funds General fund Designated property fund R¢payTnent ofioan 370,750 393,837 42,695 29,856 421,620 (393,837) 113,000 822,226 155,695 807,282 29,856 140,783 977,921 Restricted funds Property fijnd 120,019 20,764 (140,783) TOTAL FUNDS 927,301 50,620 977,921 Page 15 continued... TIBETAN YUNGDRUNG BOY STUDY CENTRE {CENTRE FOR LEARNING TIBET'S NATIVE SPIRITUAL TRADITION) NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2025 14. MOVEMENT IN FUNDS - ¢ontlnued Nel movetnent in fund5, included in the above are as follows.. Incoming resources Resources expended Movement in funds Unrestrictcd funds Gcncral fund 107,323 {77,467) 29,856 Restrieted funds Prop¢rty fund 20,764 20,764 TOTAL FUNDS 128,087 (77,467) 50,620 Compargtivos for movcment in funds Net movement In funds Transfer5 between funds At 3113124 At 114123 Unrestrlcted funds GLnLral lund Designated properly fund Repayment of loan 364.492 386,772 42,695 13,323 {7,065) 7,065 370,750 393,837 42.695 793,959 13,323 807.282 R¢$tricted fund5 Properly fund 116,109 3,910 120,019 TOTAL FUNDS 910.068 17,233 927.301 Comparativc net movemenl in funds, included in the above are as follows.. Incoming resources Resource5 cxpendcd Movcment In funds Unre5trieted funds General fund 100,672 (87.349} 13,323 Restricted fund5 Property fund 3,910 3.910 TOTAL FUNDS 104.582 (87.349) 17,233 GeneT#I Fund The General Fund is availabl¢ to be spent for any purpose of ihe charity which meeis with its charitabl¢ purposes. Page 16 continued.. TIBETAN YUTrIGDRUNG BONI STUDY CENTRE (CENTRE FOR LEARNING'I'IBEI S NATIVE SPIRITUAL TRADITION) NOTES TO THE FIP4ANCIAL STATEMENTS- contillued FOR THE YEAR ENDED 31 I¥IARCH 2025 14. MOVEMENT IN FUNDS- contlnued The Trustees have created the following designa*d funds: Deslgnated property fund - this relates to funds that have bccn designated by the Irusiee5 to be used for thel property project. This fund was fully ulilised during the year duc lo the acquisition of ihc ncw property las shown in note 8). RepAyment of loan fund - this Fund was Set up with the intention ofcnabling IhL. lollns given lo the charity to be fully rcpdid in aLcordllnce with thcir ag￿ed terms. Reslricled Fund Tlie property fund relates io donations received for ihe purchase of a property. This fvnd was fully utilised during the year due 10 Ihc dLqUi4ilion ofihc ncw property. Transfers betsveen funds The designated property lund and Ihc rcslrict¢d fund relaied 10 ihe proposed acquisition of a n¢w property. Due tu IhL propcny buinby acquired during th¢ y¢ar, these fund balances havc been fully uiilised and Ihe b&lancc tyansferred to unresiricied g*cneral fvnds. 15. RELA'I'ED PAR'I"Y DISCLOSURES cceived remuncralion in his C8PQLily lls Spiriiual Direclor durinsT ihc ycar lo 31 March 2025 of L46,500 12024.. £46,500}. Payments made to iruslees are all0￿d by provision in Ihe charity's consliliilion. Page 17