REGISTERED COMPANY NUMBER: 02527115 (England and Wales)

REGISTERED CHARITY NUMBER: 1019101

Report of the Trustees and

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

INTERNATIONAL DZOGCHEN COMMUNITY OF

KUNSELLING

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

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 2024. 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 and specifically his son, Namkhai Yeshi

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

Our charitable activities in 2024 included an increased number of well-attended teaching retreats and other events at Kunselling, our centre in mid Wales. The practice retreats were led by teachers both from the UK and from abroad and karma yoga activities were organised 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 2024 were again more successful than expected and resulted in a better-then-projected income. This follows a similar success in 2022 and 2023. However, the 2024 surplus was negated by a significant payment in January to an affiliated organisation in Italy. The payment was originally intended to be transferred in December 2023 rather than January 2024. The delay resulted in a positive net income in 2023 and a net loss in 2024. If the transfer had completed in December 2023, both years would have resulted in a modest profit.

Across the two years 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.

Internal and external factors

The mortgage for our centre in Wales was finally and fully repaid in May 2024, which was celebrated by the community, and which means our only debt is the mortgage for our centre in London. Additionally, we have improved the governance aspects of the charity by updating various policies and undertaken a complete review of our health and safety procedures and documents.

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

The gradual increase in membership that we saw in 2023 was continued in 2024, largely thanks to the impetus in new membership that followed the teaching retreats given by Namkhai Yeshi, son of Namkhai Norbu Rinpoche. These retreats will be given more frequently 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. 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 2024 the committee had six members. In October 2024 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.

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

02527115 (England and Wales)

Registered Charity number

1019101

Registered office

3 Polygon Road

Bristol

BS8 4PA

Trustees

R Russell

R J Pond (appointed 13.10.24)

R Bennett (resigned 13.10.24)

R Radecki

M Beeston

Ms T Lau - Hardingman (resigned 13.10.24)

C J J M Van Oldenbeek

L O V Vaughan (appointed 13.10.24)

R Darbar (appointed 13.10.24)

Company Secretary

M Beeston

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 18 September 2025 and signed on its behalf by:

M Beeston - Trustee

2024

2023

Unrestricted

Restricted

Total

Total

fund

funds

funds

funds

Notes

£

£

£

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

93,338

1,022

94,360

93,628

EXPENDITURE ON

Raising funds

2

53,425

1,022

54,447

22,702

Charitable activities

general

53,774

-

53,774

52,730

Total

107,199

1,022

108,221

75,432

NET INCOME/(EXPENDITURE)

(13,861

)

-

(13,861

)

18,196

RECONCILIATION OF FUNDS

Total funds brought forward

319,257

93,521

412,778

394,582

TOTAL FUNDS CARRIED FORWARD

305,396

93,521

398,917

412,778

2024

2023

Unrestricted

Restricted

Total

Total

fund

funds

funds

funds

Notes

£

£

£

£

FIXED ASSETS

Tangible assets

6

424,501

91,183

515,684

531,363

CURRENT ASSETS

Stocks

7

-

601

601

1,623

Debtors

8

17,419

-

17,419

17,419

Cash at bank and in hand

60,072

1,737

61,809

68,097

77,491

2,338

79,829

87,139

CREDITORS

Amounts falling due within one year

9

(12,751

)

-

(12,751

)

(20,751

)

NET CURRENT ASSETS

64,740

2,338

67,078

66,388

TOTAL ASSETS LESS CURRENT LIABILITIES

489,241

93,521

582,762

597,751

CREDITORS

Amounts falling due after more than one year

10

(183,845

)

-

(183,845

)

(184,973

)

NET ASSETS

305,396

93,521

398,917

412,778

FUNDS

13

Unrestricted funds

305,396

319,257

Restricted funds

93,521

93,521

TOTAL FUNDS

398,917

412,778

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

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 18 September 2025 and were signed on its behalf by:

M Beeston - Trustee

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

-

2% on cost

Long leasehold

-

2% on cost

Improvements to property

-

2% on cost

Plant and machinery

-

25% on cost

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.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

2.	RAISING FUNDS

Raising donations and legacies

2024

2023

£

£

Support costs

17,631

-

3.	NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

2024

2023

£

£

Depreciation - owned assets

15,679

15,679

4.	TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 December 2024 nor for the year ended 31 December 2023.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 December 2024 nor for the year ended 31 December 2023.

5.	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted

Restricted

Total

fund

funds

funds

£

£

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

93,119

509

93,628

EXPENDITURE ON

Raising funds

22,702

-

22,702

Charitable activities

general

52,730

-

52,730

Total

75,432

-

75,432

NET INCOME

17,687

509

18,196

RECONCILIATION OF FUNDS

Total funds brought forward

301,570

93,012

394,582

TOTAL FUNDS CARRIED FORWARD

319,257

93,521

412,778

6.	TANGIBLE FIXED ASSETS

Improvements

Freehold

Long

to

Plant and

property

leasehold

property

machinery

Totals

£

£

£

£

£

COST

At 1 January 2024 and 31 December 2024

392,731

288,693

102,632

18,900

802,956

DEPRECIATION

At 1 January 2024

179,915

53,887

18,892

18,899

271,593

Charge for year

7,854

5,773

2,052

-

15,679

At 31 December 2024

187,769

59,660

20,944

18,899

287,272

NET BOOK VALUE

At 31 December 2024

204,962

229,033

81,688

1

515,684

At 31 December 2023

212,816

234,806

83,740

1

531,363

7.

STOCKS

2024

2023

£

£

Stocks

601

1,623

8.	DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Other debtors

17,419

17,419

9.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts (see note 11)

5,500

13,500

Other creditors

7,251

7,251

12,751

20,751

10.	CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans (see note 11)

183,845

184,973

11.

LOANS

An analysis of the maturity of loans is given below:

2024

2023

£

£

Amounts falling due within one year on demand:

Bank loans

5,500

13,500

Amounts falling between one and two years:

Bank loans - 1-2 years

6,000

13,500

Amounts falling due between two and five years:

Bank loans - 2-5 years

177,845

171,473

12.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Bank loans

189,345

198,473

13.	MOVEMENT IN FUNDS

Net

movement

At

At 1.1.24

in funds

31.12.24

£

£

£

Unrestricted funds

General fund

319,257

(13,861

)

305,396

Restricted funds

Teaching

15,073

-

15,073

Land

78,448

-

78,448

93,521

-

93,521

TOTAL FUNDS

412,778

(13,861

)

398,917

Net movement in funds, included in the above are as follows:

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

General fund

93,338

(107,199

)

(13,861

)

Restricted funds

Teaching

1,022

(1,022

)

-

TOTAL FUNDS

94,360

(108,221

)

(13,861

)

Comparatives for 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

93,012

509

93,521

TOTAL FUNDS

394,582

18,196

412,778

Comparative 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

93,628

(75,432

)

18,196

A current year 12 months and prior year 12 months combined position is as follows:

Net

movement

At

At 1.1.23

in funds

31.12.24

£

£

£

Unrestricted funds

General fund

301,570

3,826

305,396

Restricted funds

Teaching

14,564

509

15,073

Land

78,448

-

78,448

93,012

509

93,521

TOTAL FUNDS

394,582

4,335

398,917

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

186,457

(182,631

)

3,826

Restricted funds

Teaching

1,531

(1,022

)

509

TOTAL FUNDS

187,988

(183,653

)

4,335

14.	CONTINGENT LIABILITIES

There are no contingent liabilities at 31 December 2024.

15.	RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 December 2024.