REGISTERED COMPANY NUMBER: |
REGISTERED CHARITY NUMBER: |
Report of the Trustees and |
Unaudited Financial Statements |
for the Year Ended 31 December 2023 |
for |
INTERNATIONAL DZOGCHEN COMMUNITY OF |
KUNSELLING |
REGISTERED COMPANY NUMBER: |
REGISTERED CHARITY NUMBER: |
Report of the Trustees and |
Unaudited Financial Statements |
for the Year Ended 31 December 2023 |
for |
INTERNATIONAL DZOGCHEN COMMUNITY OF |
KUNSELLING |
INTERNATIONAL DZOGCHEN COMMUNITY OF |
KUNSELLING |
Contents of the Financial Statements |
FOR THE YEAR ENDED 31 DECEMBER 2023 |
Page |
Report of the Trustees | 1 | to | 3 |
Statement of Financial Activities | 4 |
Balance Sheet | 5 | to | 6 |
Notes to the Financial Statements | 7 | to | 13 |
INTERNATIONAL DZOGCHEN COMMUNITY OF |
KUNSELLING (REGISTERED NUMBER: 02527115) |
Report of the Trustees |
FOR THE YEAR ENDED 31 DECEMBER 2023 |
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 December 2023. 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 Charity's objectives and aims are to promote, advance and maintain the Dzogchen teachings and practice in Buddhist and other forms throughout the UK and elsewhere and to promote greater understanding of Tibetan culture and traditions according to the teaching and spiritual guidance of Namkhai Norbu Rinpoche and his nominated successors. |
Significant activities |
The main activities of the Charity are to administer membership; to maintain and develop our retreat centre, Kunselling, which is located in mid-Wales and Lekdanling, our centre in London; to organise and run a programme of teaching and practice events; to run a bookshop for teaching and practice texts and practice materials for community members and to raise funds for the community and related organisations. |
Volunteers |
The Community is entirely run by volunteers, including the Trustees and others within the Community who give their time to support the activities of the Community. |
ACHIEVEMENT AND PERFORMANCE |
Charitable activities |
By the beginning of 2023, our charitable activities had fully recovered from the covid-19 pandemic and the number of teaching retreats and other events at Kunselling, our centre in mid Wales, were similar to pre-pandemic levels. The activities during the year included practice retreats led by teachers both from the UK and from abroad and karma yoga activities that bring members together to work on the maintenance and improvement of the premises. Practices and events also took place at Lekdanling, our centre in London, with most taking place in the evenings and at the weekend. |
Fundraising activities |
Our fundraising efforts during the year were more successful than expected and resulted in a surplus income. This follows a similar success in 2022. However, the 2023 surplus was inflated because a significant December payment to an affiliated organisation in Italy did not leave our account in time to be included in the 2023 accounts and will instead be included in the 2024 accounts. In addition, we were able to address the ash dieback problem at Kunselling at a lower cost than budgeted and we continue to dispute a bill from Thames Water. Had these costs materialised the surplus would have come down to a breakeven position, but still outperformed the projected loss for the year. |
This represents a very good outcome and is an attestation to the fundraising work of members who organise our events together with our membership secretary and the work of the Lekdanling management team who also raise funds, including the ongoing rental agreement which continues to provide a degree of financial stability. |
INTERNATIONAL DZOGCHEN COMMUNITY OF |
KUNSELLING (REGISTERED NUMBER: 02527115) |
Report of the Trustees |
FOR THE YEAR ENDED 31 DECEMBER 2023 |
ACHIEVEMENT AND PERFORMANCE |
Internal and external factors |
We have continued to improve the running of the community by setting up a Google workspace for document sharing and storage and by ensuring better coordination between our event organisers in Kunselling and Lekdanling. We have also upgraded the web site and will continue our efforts to streamline our communications and payment platforms. |
FINANCIAL REVIEW |
Principal funding sources |
The principal funding sources are membership income, gift aid on eligible membership payments and donations, income from events, income from the bookshop and income from the day-time rental of our space at Lekdanling in London. |
FUTURE PLANS |
In the years immediately following the death of our main teacher Namkhai Norbu Rinpoche in 2018, our membership gradually dwindled with a consequent impact on our membership income. In 2023 we saw the first indications of a slowdown and maybe a reversal in this trend, largely thanks to the impetus in new membership that followed the teaching retreat in June given by Yeshi Silvano Namkhai, son of Namkhai Norbu Rinpoche. These retreats will be given annually going forward and we hope they will continue to generate enquiries from potential new members. |
The membership income combined with income from events and the income from the rental of Lekdanling means that we were in a position to afford the mortgage payments on our two centres throughout 2023. Our mortgage commitments will reduce in May 2024 when we complete the repayments for Kunselling in rural Wales. However, the ongoing increases in interest rates and their impact on our interest payments for Lekdanling in London mean we have to keep a tight rein on expenditure. Meanwhile, our senior students of Namkhai Norbu Rinpoche are continuing to evolve as teachers and leaders of our community and lead practice events that continue to draw students and generate income. |
STRUCTURE, GOVERNANCE AND MANAGEMENT |
Governing document |
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006. |
Recruitment and appointment of new trustees |
Trustees are recruited through an invitation being issued to members to apply for a position on Gakyil (the Executive Committee of the Charity). New trustees are elected at the Annual General Meeting. |
Organisational structure |
The Dzogchen Community UK is administered by Gakyil (Executive Committee) which can have up to nine members. During the period to the end of September 2023 the committee had six members. In October 2023 the number of members remained at six but with some changes in the names of the members on the committee. |
Induction and training of new trustees |
New trustees are inducted by outgoing trustees who have occupied the position on the committee which is being taken up by the new trustee. Outgoing trustees induct and handover new trustees into their responsibilities. |
INTERNATIONAL DZOGCHEN COMMUNITY OF |
KUNSELLING (REGISTERED NUMBER: 02527115) |
Report of the Trustees |
FOR THE YEAR ENDED 31 DECEMBER 2023 |
STRUCTURE, GOVERNANCE AND MANAGEMENT |
Wider network |
The Gakyil is assisted by a network of volunteers within the Community. |
Related parties |
The Dzogchen Community UK is part of the International Dzogchen Community. Members of the UK Community are also members of Merigar, the centre of the Dzogchen Community in Europe. A proportion of the membership fees received by the Dzogchen Community UK is payable to Merigar each year and a proportion is payable to the International Dzogchen Community. The Dzogchen Community UK also has links with ASIA, supporting projects in Tibet and the Shang Shung Institute, supporting projects to maintain and promote Tibetan teachings and culture. |
REFERENCE AND ADMINISTRATIVE DETAILS |
Registered Company number |
Registered Charity number |
Registered office |
Trustees |
Company Secretary |
This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies. |
Approved by order of the board of trustees on |
INTERNATIONAL DZOGCHEN COMMUNITY OF |
KUNSELLING |
Statement of Financial Activities |
FOR THE YEAR ENDED 31 DECEMBER 2023 |
2023 | 2022 |
Unrestricted | Restricted | Total | Total |
fund | funds | funds | funds |
Notes | £ | £ | £ | £ |
INCOME AND ENDOWMENTS FROM |
Donations and legacies |
EXPENDITURE ON |
Raising funds |
Charitable activities |
Total |
NET INCOME |
RECONCILIATION OF FUNDS |
Total funds brought forward |
TOTAL FUNDS CARRIED FORWARD | 394,582 |
INTERNATIONAL DZOGCHEN COMMUNITY OF |
KUNSELLING (REGISTERED NUMBER: 02527115) |
Balance Sheet |
31 DECEMBER 2023 |
2023 | 2022 |
Unrestricted | Restricted | Total | Total |
fund | funds | funds | funds |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 5 |
CURRENT ASSETS |
Stocks | 6 |
Debtors | 7 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 8 | ( |
) | ( |
) | ( |
) |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
9 |
( |
) |
( |
) |
( |
) |
NET ASSETS |
FUNDS | 12 |
Unrestricted funds | 301,570 |
Restricted funds | 93,012 |
TOTAL FUNDS | 394,582 |
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023. |
The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006. |
INTERNATIONAL DZOGCHEN COMMUNITY OF |
KUNSELLING (REGISTERED NUMBER: 02527115) |
Balance Sheet - continued |
31 DECEMBER 2023 |
The trustees acknowledge their responsibilities for |
(a) | ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. |
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime. |
The financial statements were approved by the Board of Trustees and authorised for issue on |
INTERNATIONAL DZOGCHEN COMMUNITY OF |
KUNSELLING |
Notes to the Financial Statements |
FOR THE YEAR ENDED 31 DECEMBER 2023 |
1. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. |
Income |
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. |
Expenditure |
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. |
Tangible fixed assets |
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. |
Freehold property | - |
Long leasehold | - |
Improvements to property | - |
Plant and machinery | - |
Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
Taxation |
The charity is exempt from corporation tax on its charitable activities. |
Fund accounting |
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. |
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. |
INTERNATIONAL DZOGCHEN COMMUNITY OF |
KUNSELLING |
Notes to the Financial Statements - continued |
FOR THE YEAR ENDED 31 DECEMBER 2023 |
1. | ACCOUNTING POLICIES - continued |
Fund accounting |
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. |
2. | NET INCOME/(EXPENDITURE) |
Net income/(expenditure) is stated after charging/(crediting): |
2023 | 2022 |
£ | £ |
Depreciation - owned assets |
3. | TRUSTEES' REMUNERATION AND BENEFITS |
There were no trustees' remuneration or other benefits for the year ended 31 December 2023 nor for the year ended 31 December 2022. |
Trustees' expenses |
There were no trustees' expenses paid for the year ended 31 December 2023 nor for the year ended 31 December 2022. |
4. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES |
Unrestricted | Restricted | Total |
fund | funds | funds |
£ | £ | £ |
INCOME AND ENDOWMENTS FROM |
Donations and legacies |
EXPENDITURE ON |
Raising funds |
Charitable activities |
Total |
NET INCOME |
RECONCILIATION OF FUNDS |
Total funds brought forward | 296,065 | 92,417 |
INTERNATIONAL DZOGCHEN COMMUNITY OF |
KUNSELLING |
Notes to the Financial Statements - continued |
FOR THE YEAR ENDED 31 DECEMBER 2023 |
4. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued |
Unrestricted | Restricted | Total |
fund | funds | funds |
£ | £ | £ |
TOTAL FUNDS CARRIED FORWARD |
301,570 |
93,012 |
394,582 |
5. | TANGIBLE FIXED ASSETS |
Improvements |
Freehold | Long | to | Plant and |
property | leasehold | property | machinery | Totals |
£ | £ | £ | £ | £ |
COST |
At 1 January 2023 and 31 December 2023 |
DEPRECIATION |
At 1 January 2023 |
Charge for year |
At 31 December 2023 |
NET BOOK VALUE |
At 31 December 2023 |
At 31 December 2022 |
6. | STOCKS |
2023 | 2022 |
£ | £ |
Stocks |
7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Other debtors |
INTERNATIONAL DZOGCHEN COMMUNITY OF |
KUNSELLING |
Notes to the Financial Statements - continued |
FOR THE YEAR ENDED 31 DECEMBER 2023 |
8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Bank loans and overdrafts (see note 10) |
Other creditors |
9. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2023 | 2022 |
£ | £ |
Bank loans (see note 10) |
10. | LOANS |
An analysis of the maturity of loans is given below: |
2023 | 2022 |
£ | £ |
Amounts falling due within one year on demand: |
Bank loans |
Amounts falling between one and two years: |
Bank loans - 1-2 years |
Amounts falling due between two and five years: |
Bank loans - 2-5 years |
11. | SECURED DEBTS |
The following secured debts are included within creditors: |
2023 | 2022 |
£ | £ |
Bank loans |
INTERNATIONAL DZOGCHEN COMMUNITY OF |
KUNSELLING |
Notes to the Financial Statements - continued |
FOR THE YEAR ENDED 31 DECEMBER 2023 |
12. | MOVEMENT IN FUNDS |
Net |
movement | At |
At 1.1.23 | in funds | 31.12.23 |
£ | £ | £ |
Unrestricted funds |
General fund | 301,570 | 17,687 | 319,257 |
Restricted funds |
Teaching | 14,564 | 509 | 15,073 |
Land | 78,448 | - | 78,448 |
509 |
TOTAL FUNDS | 18,196 | 412,778 |
Net movement in funds, included in the above are as follows: |
Incoming | Resources | Movement |
resources | expended | in funds |
£ | £ | £ |
Unrestricted funds |
General fund | 93,119 | (75,432 | ) | 17,687 |
Restricted funds |
Teaching | 509 | - | 509 |
TOTAL FUNDS | ( |
) | 18,196 |
Comparatives for movement in funds |
Net |
movement | At |
At 1.1.22 | in funds | 31.12.22 |
£ | £ | £ |
Unrestricted funds |
General fund | 296,065 | 5,505 | 301,570 |
Restricted funds |
Teaching | 13,969 | 595 | 14,564 |
Land | 78,448 | - | 78,448 |
92,417 | 595 | 93,012 |
TOTAL FUNDS | 388,482 | 6,100 | 394,582 |
INTERNATIONAL DZOGCHEN COMMUNITY OF |
KUNSELLING |
Notes to the Financial Statements - continued |
FOR THE YEAR ENDED 31 DECEMBER 2023 |
12. | MOVEMENT IN FUNDS - continued |
Comparative net movement in funds, included in the above are as follows: |
Incoming | Resources | Movement |
resources | expended | in funds |
£ | £ | £ |
Unrestricted funds |
General fund | 81,659 | (76,154 | ) | 5,505 |
Restricted funds |
Teaching | 1,526 | (931 | ) | 595 |
TOTAL FUNDS | 83,185 | (77,085 | ) | 6,100 |
A current year 12 months and prior year 12 months combined position is as follows: |
Net |
movement | At |
At 1.1.22 | in funds | 31.12.23 |
£ | £ | £ |
Unrestricted funds |
General fund | 296,065 | 23,192 | 319,257 |
Restricted funds |
Teaching | 13,969 | 1,104 | 15,073 |
Land | 78,448 | - | 78,448 |
92,417 | 1,104 | 93,521 |
TOTAL FUNDS | 388,482 | 24,296 | 412,778 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: |
Incoming | Resources | Movement |
resources | expended | in funds |
£ | £ | £ |
Unrestricted funds |
General fund | 174,778 | (151,586 | ) | 23,192 |
Restricted funds |
Teaching | 2,035 | (931 | ) | 1,104 |
TOTAL FUNDS | 176,813 | (152,517 | ) | 24,296 |
INTERNATIONAL DZOGCHEN COMMUNITY OF |
KUNSELLING |
Notes to the Financial Statements - continued |
FOR THE YEAR ENDED 31 DECEMBER 2023 |
13. | CONTINGENT LIABILITIES |
There are no contingent liabilities at 31 December 2022. |
14. | RELATED PARTY DISCLOSURES |