REGISTERED CHARITY NUMBER: SC040361
~~Report of the Trustees and~~
~~Unaudited Financial Statements for the Year Ended 5 April 2025~~
~~for~~
~~Rangjung Yeshe Gomde Trust~~
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~~Rangjung Yeshe Gomde Trust~~
~~Report of the Trustees for the Year Ended 5 April 2025~~
The trustees present their report with the financial statements of the charity for the year ended 5 April 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019). OBJECTIVES AND ACTIVITIES Objectives and aims The stated purposes of the Trust are: -
(a) The advancement of religion and philosophy e To provide a place of peace, refuge and regeneration suitable for meditation and retreat for persons of any faith. e To support the preservation and advancement of Buddhism, specifically the non-sectarian tradition of Vajrayana (Tibetan) Buddhism.
e To make authentic teachings on meditation available online and in the local area.
(b) The advancement of environmental protection and improvement e To set a positive public example by implementing sound, sustainable, organic, long-term policies in the management of Trust properties. e To utilise micro project, renewable energy and encourage low environmental impact strategies in the Trust’s activities and daily operations. e To protect and further develop local eco-systems and habitats able to support and encourage increased native biodiversity and protect indigenous wildlife.
(b) The advancement of human health e To support the overall well-being of body and mind through promoting meditation and healing practices as traditionally practiced in the Himalayan Region and provide education on the benefits of meditation and support the practice of meditation in retreat and for living and dying peacefully. e To increase awareness of the value of traditional, herbal, medical traditions and the plants on which they are based and to further conservation efforts wherever they are endangered. (c) The prevention or relief of poverty e To research, develop and support projects that help the poor in Himalayan countries. e To provide social assistance, encourage sustainable conservation and promote cultural activities for the long-term benefit of people regardless of their race, religion or nationality. Significant activities
The significant activities undertaken by the Trust are: - e Developing facilities for retreat practice and inviting Buddhist teachers, hosting teachings on meditation and philosophy. Development is according to a 10 year plan and includes ongoing consultation with local authorities and further development of the meditation centre at Hardmuir. e Actively managing the 50 acres of woodland at Hardmuir. Maintaining and improving the meadows and wetlands at Hardmuir, including replanting trees. e —_ Holding public group meditation sessions and encouraging physical activity through volunteers helping to maintain the woodlands.
e Supporting the development of the Tara Triple Excellence online meditation programme and making it accessible to many more people by translating it into different languages. Supporting those following the meditation study and practice programme with events online and in-person teaching events. This also provides new content for the course in the future. e —_ Raising awareness of and fundraising for the relief of poverty in Nepal including the school project in Nubri, which includes the new kitchen and dormitory rooms. Laying the groundwork for projects there in the future.
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~~Rangjung Yeshe Gomde Trust~~
~~Report of the Trustees for the Year Ended 5 April 2025~~
FINANCIAL REVIEW
Gomde is non-profit making and volunteer based and the Trust’s work is reliant on donations from its friends and supporters.
Financial review
The Statement of Financial Activities on page 7 reflects the net incoming resources of £136,956 (2024 — net outgoing resources £4,915).
Total funds at 5 April 2025 were £714,933 (2024 - £577,977).
Total reserves of £714,933 (2024 - £577,977) were held at 5 April 2025 of which £8,450 (2024 - £6,845) were related to unrestricted funds.
Reserves policy
The unrestricted funds represent funds arising from past fundraising activities not yet utilised in supporting charitable activities. The Trustees are satisfied that the balance of the fund is satisfactory given the current operational expenditure. The Trustees have examined the requirement to maintain free reserves and concluded that the most appropriate level is between 12 and 24 months of operational expenditure. Restricted funds - these are funds to be used only for specific purposes as laid down by the donor. Expenditure which meets these criteria is charged to the fund. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Risk management The trustees have examined the major strategic, business and operational risks which the charity faces and confirm that systems have been established to enable regular reports to be produced so the necessary steps can be taken to lessen the risk.
Donated facilities and services
All trustees have donated time and services and the use of their facilities to help in the establishment of the charity and fulfilment of its aims. These are outlined below under other optional information.
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity. The organisation is an unincorporated charitable body under the control of the Trustees. The aims and objectives of the charity are set out in a Trust Deed dated 18 November 2008. Amendments to the Trust Deed were approved by OSCR on 6 November 2018.
Charitable status was granted on 17 March 2009.
Recruitment and appointment of new trustees
Under the requirements of the Constitution the minimum number of trustees is three and a maximum of five. If there were a requirement for new trustees, these would be identified and appointed by the remaining trustees. The trustees seek to ensure that the needs of all the people affected by its work are appropriately reflected through the diversity of the trustee body.
Related parties All trustees have donated time and services and the use of their facilities to help in the establishment of the charity and fulfilment of its aims. These are outlined below under other optional information.
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Rangjung Yeshe Gomde Trust
Report of the Trustees for the Year Ended 5 April 2025
REFERENCE AND ADMINISTRATIVE DETAILS Charity name Rangjung Yeshe Gomde Trust
Registered Charity number $C040361
Principal address The Woodland Hermitage Hardmuir of Boath Auldearn Nairnshire 1V12 5QG
Trustees
—— Examiner Chartered Accountants Scottca Ltd 34 Ferryhill Forres Moray IV36 2GY
OTHER OPTIONAL INFORMATION
Donated services — additional information
Volunteers
During the period, a core team ofvolunteers have again donated time and effort towards the construction of the charity facilities, the maintenance of the Hardmuir woodland and the organisation of events. Food and accommodation was provided and at least 5 hours’ work 5 days a week is expected in return. Most volunteers work much harder than that. In addition, neighbours and local supporters donated time, services and effort to help the Trust, which is much appreciated.
Trustees
The activities would not have been possible without the donated time and support of all the Trustees who have worked endlessly without any pay or benefits.
Approved by order of the boardoftrustees on... se
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LGM IS” 2026 signed on its behalf by:
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Independent Examiner's Reportto the Trusteesof Rangjung Yeshe Gomde Trust
I report on the accounts for the year ended 5 April 2025 set out on pages seven to eighteen.
Respective responsibilities of trustees and examiner
The charity's trustees are responsible for the preparation of the accounts in accordance with the terms of the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended). The charity's trustees consider that the audit requirement of Regulation 10(1)(a) to (c) of the Accounts Regulations does not apply. It is my responsibility to examine the accounts as required under Section 44(1)(c) of the Act and to state whether particular matters have come to my attention.
Basis of the independent examiner's report
My examination was carried out in accordance with Regulation 11 of the Charities Accounts (Scotland) Regulations 2006. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts.
Independent examiner's statement
In connection with my examination, no matter has come to my attention :
-
(1) which gives me reasonable cause to believe that, in any material respect, the requirements
-
to keep accounting records in accordance with Section 44(1)(a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations; and
-
- to prepare accounts which accord with the accounting records and to comply with Regulation 8 of the 2006 Accounts Regulations
have not been met; or
- (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
On Behalfof Gordon Scott Chartered Accountants Scottca Ltd 34 Ferryhill Forres Moray 1V36 2GY h Date: B.. an boy dons
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H H H H
257,477 281,865 245,862
7
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F 16,920 138,905 155,825 252,182
? 1,162 7 1,162 1,306
LLLLLLLLLL LLLLLLLLLLL LLLLLLLLLLL LLLLLLLLLLL
18,082 138,905 156,987 253,488
LLLLLL LLLLLL LLLLLL LLLLLL
"F8"?? 123,812 136,956 (4,915)
"" (11,539) 11,539 7 7
1,605 135,351 136,956 (4,915)
6,845 571,132 577,977 582,892
8,450 706,483 ("?8,FF 577,977
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Rangjung Yeshe Gomde Trust
5.4.25
5.4.24
Balance Sheet
5 April 2025
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|||||||||||
|---|---|---|---|---|---|---|---|---|---|
|Unrestricted|Restricted|Total|Total|
|fund|funds|funds|funds|
|Noies|[|&|£|£|
|FIXED|ASSETS|
|Tangible|assets|8|7.906|344,044|351,950|333,179|
|CURRENT|ASSETS|
|Cash|at|bank|and|in|hand|9,664|365,653|375,317|257,563|
|CREDITORS|
|Amounts|falling due|within|one year|9|(9,120)|(1,085)|(10,205)|(10,196)|
|NET CURRENT|ASSETS|____544|364,568|365,112|247,367|
|TOTAL|ASSETS|LESS CURRENT|8.450|708,612|717,062|580,546|
|LIABILITIES|
|CREDITORS|
|Amounts|falling due|after one|year|9|-|(2,129)|(2,129)|(2,569)|
|TOTAL|NET|ASSETS|8,450|706,483|714,933|577,977|
|FUNDS|1]|
|Unrestricted|funds|8,450|6,845|
|Restricted|funds|706,483|571,132|
|TOTAL|FUNDS|714,933|$77,977|
|The financial statements were approved by the Board ofTrustees and authorised|for issue on|2|\ppaho-awas|
|and|were|signed|on|its|behalf by:|
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The notes form part of these financial statements
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257,477 281,865 242,009
7 7 7
3,853
7 7 7 7
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H H H H
Expenditure on charitable activities
7
Costs of maintaining Hardmuir woodland and 828 828 453
buildings
7
Costs of running group events and activities 9,067 9,067 506
Contribution towards Nepal school manager’s
7
salary 4,800 4,800 4,500
Contribution to Nepal schools’ new kitchen
7
and dormitories 12,718 12,718 "?8FF(
7
Tara’s Triple Excellent Project contractors 76,215 76,215 80,102
Tara’s Triple Excellence Project other
7
expenses 15,317 15,317 "",8"FF
7
Volunteer costs — accommodation, meals etc 6,305 6,305 5,033
Depreciation of fixed assets "8F,& 12,142 13,538 11,551
7
Grants and donations (see note 5) 624 624 554
Other 5,833 10,580 "&8?"F 16,013
Total 16,920 138,905 155,825 252,182
4. ANALYIS OF EXPENDITURE ON GOVERNANCE COSTS
5.4.25 5.4.24
Unrestricted Restricted Total Total
fund funds funds funds
H H H H
7
Book keeping and accounts preparation 652 652 456
7
Independent examination 510 510 850
7
Total 1,162 1,162 1,306
23 ANALYIS OF EXPENDITURE ON GRANTS AND DONATIONS
5.4.25 5.4.24
Unrestricted Restricted Total Total
fund funds funds funds
Number H H H H
Grants made to Individuals
7 7 7 7 7
7 7 7 7
Total of grants to Individuals
Grants made to Institutions
Donations made for offerings/prayers at the ? 624 7 624 554
Dharma centres and monasteries and to the
Lamas, monks, and nuns in Nepal
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Total of grants to Institutions 624 624 554
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| Unrestricted fund |
Restricted funds |
Total funds |
|---|---|---|
| H | H | H |
| 18,018 | 227,844 | 245,862 |
| * | 7 | * |
| 106 | 2,597 | 2,703 |
| 18,132 | 230,441 | 248,573 |
| LLLLLL | LLLLLL | LLLLLL |
| 5,611 | 246,571 | 252,182 |
| 1,306 | 7 | 1,306 |
| &8,"( | 246,571 | 253,488 |
| 11,215 | (16,130) | (4,915) |
| (9,959) | 9,959 | 7 |
| 1,256 | 4&8"("5 | (4,915) |
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37,555 373,005
20,538 ""8((" 32,309
49,326 405,314
24,964 14,862 39,826
8F& 5,170 13,538
33,332 20,032 53,364
29,294 351,950
22,693 FFF8"(,
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|---|---|---|---|---|---|---|---|
|H|H|H|H|
|6,845|"F8"??|(11,539)|8,450|
|LLLLLL|LLLLLL|LLLLLL|LLLLLL|
|342,386|128,136|""8&F?|482,156|
|221,473|3,082|(429)|224,126|
|7,273|(7,406)|FF?|201|
|571,132|123,812|11,539|706,483|
|577,977|136,956|7|("?8,FF|
|the|General|fund,|the|transfers|represent|the|agreed|
|costs|and|the|payments|out|of Project|Lama|funding|
|the|transfers|represent|additional|financing|provided|
|follows:|
|Incoming|Resources|Movement|
|resources|expended|in|funds|
|H|H|H|
|31,226|(18,082)|"F8"??|
|LLLLLL|LLLLLL|LLLLLL|
|155,553|(27,417)|128,136|
|,&8&,,|4,F8&"(5|3,082|
|10,465|4"(8*("5|(7,406)|
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|---|---|---|---|
|H|H|H|H|
|5,589|11,215|(9,959)|6,845|
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|322,275|,8,,"|10,120|342,386|
|239,827|4"(8("5|4?F5|221,473|
|15,201|(8,250)|322|7,273|
|577,303|(16,130)|9,959|571,132|
|7|
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Rangjung Yeshe Gomde Trust
Notes to the Financial Statements - continued for the Year Ended 5 April 2025
12. RELATED PARTY DISCLOSURES
Trustees remuneration and benefits
There were no trustees’ remuneration or other benefits either paid or waived for the year ended 5 April 2025 nor for the year ended 5 April 2024.
Trustees' expenses
There were no trustees’ expenses either paid or waived for the year ended 5 April 2025 nor for the year ended 5 April 2024.
Loans from trustees
balanceLoans includesheet datesan amount5 Aprilof2025 £6,400and(20245 April£7,600)2024. jointly owed toxas at the
In 2010, the trusteesmade an interest free, unsecured loan of£10,000 to cover the costs of the initial completion of the basic facilities at Hardmuir woodlands.. Although there might have been enough funds to repay this loan, there are also many other urgent expenses and investments that need to be met, therefore it was agreed that the loan will continue on the same terms for another year with monthly repayments until 2026 or as required
Donated assets
On 1 November 2016 Trusteesx transferred the ownership of the 20 acres of land comprising the woodland at Hardmuir as a gift to the charity for no financial or any other benefit. They have retained one acre of land with access rights for the construction of a caretaker's house which will be transferred to Gomde Trust in the future.
The Trustees estimated the valuation of the land at the date of transfer to be in the region of £65,000.
Donated services
The activities of the trust would not have been possible without the donated time and support of all the Trustees who have worked endlessly without any pay.
Trusteei have continued to support, supervise and fundraise for the school project in Ghapp, Nepal while provisioning local support in managing the woodland. Trustee yg provides important guidance on governance and has shared his experience on issues arising in managing a Scottish Charity.
Trusteesi &ave many months of full time work and effort to progress the project, support volunteers, run programmes, write reports, accounting and administration of the Trust activities including architectural skills and physical work to manage the woodland and build facilities.
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