REGISTERED COMPANY NUMBER: 02664223 (England and Wales)
REGISTERED CHARITY NUMBER:
Re
rt of the Trustees and
Unaudited Financi#l Statements
for the Year Ended 31 December 2024
for
Kadam a Medltatlon Centre Sheffield
Wilson Howe Limited
Chartered Accountants
212A Bocking Lane
Greenhill
Sbeffield
Yorkshire
S8 7BP

Medfitailon Centre Sheffield
Re orl of the Trustees
for the Year Ended 31 December 2024
The trustees who are also direcloTS of the charity for the PUTPOS¢S of ihe Companies Act 2006, present th¢iT report wtth the
financial statements of the charity for the year ended 3 l Decenkner 2024. The trustees have adopted the provisions of
Accounting and Reporting by Charities: Ststement of Recommend¢d Prnctice applicable to charities preparing their accounts
in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective I
January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The prlncipal activity of the charity is to promot¢ the Buddhist faith through the activities of teachmg, St[￿Y, practice and
obswvance of moral discipline all ￿rythin th¢ Buddhist tradition of Je Tsongkhap&
ACHIEVEMENT AND PERFORMANCE
Charitsble activities
The Tn￿l¢eS consider the f￿ancIal results set out in the accounts to be satisfactory.
FINANCIAL REVIEW
Reserves pollcy
The recurring level of incoming resources is suificient to cover nornwl charitable expenditure. However, the Trustees are
mindful of the age of the property that the Chwity owns and the need to have adequate funds available to cover future repairs
and renovations.
STRUCTURE, GOVERNANCE AIW MANAGEMENT
Governing document
The charity is controlled by its governing documenL a deed of ttust, and constitutes a limited company, limited by guarantee.
as d¢fin¢d by th¢ Companies Act 2006.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Con]p4ny numb¢r
02664223 {England and Wales}
Regtstered Charfity number
Reglstered oifjce
685-691 Ec¢l¢sall Road
Sheffield
S118TG
Trnstees
T Givnan (appointed 27.1.24)
B Griffiths {appointed 27.1.24)
L Devine
compa￿ Secretary
Miss C O'Donoghue
Page I

Kadan)
Meditatlon Centre Sheffield
rt of the Trustees
for the Year Ended 31 December 2024
REFERENCE AND ADMll¥lSTIL4TIVE DETAILS
Jndependent Examiner
Matthew Howe
Wilson Howe Limited
Chartered Ac¢ountants
212A Bocking Lan¢
Greenhill
Sheffield
Yorksbire
S8 7BP
This rewrt has been prepared in accordance with the special provisions of Part 15 of the Compwjies Act 2006 relating to
small companics.
Approved by order of the board of trustees on ............ . ..
. and signed on its behalf by:
T Givnan- Trustee
Page 2

Inde
ndent Ex4miner's Re
rt to the Trustees of
Kadam
Meditation Centre Sheffield
Independent examlner's report to the trustees of Kadampa Meditation Centre Sheffield {'the Company,)
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2024.
Responslbilltles and basls of report
As the charity's trustees of ihe Company (and also its directors for the pu￿￿Se$ of collwany law) you are responsible for the
preparation of th¢ accounts in accordance wilh the requirements of the Companies Act 2006 Cth¢ 2006 Act,).
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of Ibe 21J06 Act and
are eligible for indepcndent examinatio￿ I report in respect of my examination of your charity's arcounts as ¢arri¢d out
under Section E45 of the Charities Aci 2011 (Ihe 2011 Act). In caTrying out my examination I have followed thc Directions
given by the Charity Commission under Section 145{5) (b) of the 2011 Act.
Independent examiner's statement
I have completed my examination. I confirni that no matters hav¢ com¢ to my attention in connection with the examination
giving me cause to believ¢=
accounting records were not kept in Tespect of the Company as required by Section 386 of the 2006 Act. or
the accounts do not accord with those records; or
the accounts do not con]ply with the accounting requirements of Section 396 of the 2006 Act other than any
requirement that the accounts give a tn￿ and fair view which is not a matter considered as part of an independent
examinaÉion,' or
the accounts have not been prepth in a¢wrdanc¢ with th¢ m¢th(Kls and prin¢iples of the Stat¢ment of
Recomm¢nd¢d Practice for accounting and reporting by charities (applicable to chaTities Preparing their accounts in
accordance with the FIt￿iCIal Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
I have no Concen￿ and have come across no other nTrtt¢rs ID connection with the examination to wllich attention should be
drawn in this report in order to enable a proper understanding of the accounts to be reached.
Matthew Howe
The InSti￿te of Chart¢r¢d Accountants in England and Wales
Wi150n Howe Limited
Chartered A￿Ountants
212A B￿kIng Lane
Gr¢enhill
Sheffield
Yorkshire
S8 7BP
Dale: ..
1.1. i.Q.q. 1.15.
Page 3

Kadam a Medltsitlon Centre Sheffield
Stafement of Financial Activities
for the Year Ended 31 December 21b24
31.12.24
Total
funds
31.12.23
Total
Unrestricted
fund
Restricted
fimds
Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
1,551
io
1,561
3,790
Charitable activities
Fees and courses
31582
31582
26.053
Other trading activities
Inv¢stnM]t income
52,041
194
52.041
194
62.909
210
Total
85J68
io
85J78
92.962
EXPENDITURE ON
Raising funds
1,865
1,86S
2.494
Ch*rltabl¢ activities
Administration costs
Property
Fees and courses
31534
22,175
13,449
io
31,544
22,175
13,449
65,410
Total
69,023
io
69,033
67,904
NET INCOME
Transfers bttween fund$
16J45
1,047
16J45
25.058
li
{1,047)
Net movement in funds
17,392
{1,047)
16.345
25.058
RECONCILIATION OF FUNDS
Total fiumls brought fonvard
729,079
3,147
732,226
707,168
TOTAL FUNDS CARRIED FORWARD
746,471
2,100
74&571
732,226
The notes forni part of these financial ststements
Page 4

K•dam A Meditation Centre Sheffield
Balante Sheet
31 December 2024
31.12.24
Total
funds
31.12.23
Total
Unrestricted
fiind
Restricted
funds
Notes
FIXED ASSETS
Tangible assets
920,926
920,926
920,926
CURRENT ASSETS
Stocks
Cash at bank
2,575
21,819
2075
23,919
2,575
19.914
2,11)0
24J94
2,100
26,494
22,489
CREDITORS
Amounts falling due within one year
(23.981)
{23,981)
(22.109)
NET CURREI¥T ASSETS
413
2,100
2,513
380
TOTAL ASSETS LESS CURRENT
LIABJLrrtES
921.339
2,11)0
923,439
921,306
CREDITORS
Amounts falling due after more than on¢ year
(174,868)
(174,868)
(189.080)
IYET ASSETS
746A71
2,100
74&571
732,226
FUNDS
Unrestricted fvnds
Restricted fimds
li
746,471
2,100
729,079
3,147
TOTAL FUIYDS
748,571
732,226
The charitable company is entitled to exemption from audit ￿￿er Section 477 of the Companies Act 2006 for the year ended
31 December 2024.
The members bave not requircd the ¢ompany to obtain an audit of its financial statements for the year ended
31 D¢¢¢mber 2024 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their rcsponsibilities for
(a)
ensuring that the charitable company kews acwunting records that comply with Sections 386 and 387 of the
Companies Act 2006 and
preparing fllwicial statements whi¢h give a trne and fair view of th¢ state of affairs of the charit&ble Company as at
the end of each financial year and of its surplus or deficit for ¢a¢h f￿an¢1￿1 year in accordance with th¢ requirements
of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 ￿lating to
financial Statements, so far as appli¢able to the charitable company.
(b)
The notes forni part of these financial statements
Page 5
continued...

Kadam a Meditstion Centre Sheffield
Balance Sheet- continued
31 December 2024
These fmancial statements have been prepared in a￿ordanCe with the provisions applicable to charitable companies subject
to the small companies regime.
The financial st&t¢ments were approved by the Board of Trustees and authorised for issue on
and were signed on its b¢ha]f by..
T Givnan- Trustee
The notes forni part of these financial ststements
Page 6

Kadam a Meditalion Centre Sheffield
Notes to the Financial Statements
for the Year Ended 31 December 2024
ACCOUNTING POLICIES
Basis of preparing the flnanelal statements
The fmancial statements of the charitable conwany, H￿l¢b is a public benefit entity und¢r FRS 102. have been
prepÉwed in Accordance with the Charitics SORP (TrRS 102) 'Accow)ting and Reporting by Charities: Statement of
Recommended Practice applicable to cliarkÉies preparing their accounts in accordancc with thc Financial R¢porting
Standard applicable in th¢ UK and Republic of Jreland (FRS 102) (effective l January 2019),, Financial RcportiDg
Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ircland, and the Cffjmpanies
Act 2006. The financial statements have been prepared under the historical cost cotwention.
Income
Ail income is recognised in thc Statcmcnt of Financial Activities once the charity has entitlement to the fimds, it is
probablo that thc income will be r¢¢¢iv¢d and the amount can bc mc￿u[cd reliably.
Expenditure
Liabilities ar¢ recognised as expendi￿re as soon 85 there is a legal or consttuctive obligation committing the Charity
to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and th¢ amowit
of the obligation can be measured reliably. Expenditure is accounted for on an accNr¢ls basis and has b¢¢n classified
under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular
headings they have been allocated lo activilies on a basis consistent with tbe use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated use￿1 life.
Cafe equipment
Motor vehicles
Computer equipm¢nt
250/0 OD reducing balance
251k/o on cost
33•/0 on cost
FTeehold propety and subsequent improvement costs arc stated at historic cost. No depreciation is provided on the
property as the Charity undertakes a regular progtamme of improv¢ment and maintenance to preserve the asset.
Stocks
Stocks ar¢ valued at the I0￿r of cost and net realisable value, after making due ailowdnce for obsolctc and slow
moving items.
Taxation
The charity is exempt from corporation tsx on its charitable activities.
Fund ac¢ounilllg
Unr¢strict¢d funds can be used in accordan¢¢ Thith the clthritable objectives at the discretion of the trustees.
Restricted fimds can only be used for particular restricted purposes within the objects of th¢ charity. Restrictions
arise when SP￿lfied by the donor or when funds are raised for particular restricted PUTposes.
Further explanation of th¢ nature and purpos¢ of ¢￿h fimd is included in the notes to the financial statements.
Page 7
continued...

Kadam
¥ Medltatlon Centre Sheffield
Notes to the Financial Ststemenl$- ¢onilnued
for the Year Ended 31 Deeember 2024
OTHER TRADING ACTlVtTtES
31.12.24
31.12.23
Shop and cafe income
Accommodation
Short stay a¢¢oll]modation
2,530.
34,549
14.962
3,785
44.862
14,262
52,041
62.909
INVESTMENT INCOME
31.12.24
31.12.23
Deposit account interest
194
210
TRUSTEES, REMUNERATION AND BENEFITS
Ther¢ were no tNstees' remuneration or other benefits for the year ended 31 De¢ember 2024 noT for the year ended
31 De¢¢mber 2023.
Trustees, expenses
There w¢r¢ no t￿￿te¢s, expenses paid for the year ended 31 December 2024 nor for the year ended
31 December 2023.
TANGIBLE FIXED ASSETS
Improvements
to
property
F￿¢hOld
property
Cafe
equipment
COST
At l January 2024 and 31 December 2024
753,140
167,786
13,815
DEPRECIATION
At l January 2024 and 31 December 2024
13,815
NET BOOK VALUE
At 31 D¢¢¢mber 2024
753,140
167,786
At 31 December 2023
753,140
167.786
Page 8
continued...

Kadam
Medltatlon Centre Sheffield
Notes lo the Financial Statements- continued
for the Year Ended 31 December 2024
TANGIBLE FIXED ASSETS- continued
Motor
vehicles
Computer
equipment
Totals
COST
At l January 2024 and 31 December 2024
1,650
2,103
938,494
DEPRECIATION
At l January 2024 and 31 December 2024
1,650
2,103
17&68
ET BOOK VALUE
At 31 December 2024
920,926
At 31 D¢c¢rnb¢r 2023
920,926
STOCKS
31.12.24
31.12.23
Stocks
2,575
2,575
CREDITORS: AMOUNTS FAIIING DUE WITHIN ONE YEAR
31.12.24
31.12.23
Bank loans and overdrat15 (see note 9)
Oth¢r loans (see note 9)
Other creditors
A￿[U¢d expenses
14,424
5,696
3,141
720
14.424
5,996
1.041
648
23,981
22.109
CREDITORS: AMOUNTS FALIJNG DUE AFTER MORE T￿￿ ONE YEAR
31.12.24
31.12.23
Bank loans (see note 9)
Other loans (see note 9)
9,868
165,DOO
24,080
165,000
174,868
189,080
Pag¢ 9
continued...

Kadam a Medltvdtion Centre Sbeffield
Notes to the Finaneial Statements- continued
for the Yethr Ended 31 December 2024
LOANS
An analysis of the maturity of loans is given below.
31.12.24
31.12.23
Amounts falling duc within year on demand:
Bank loans
Other loans
14.424
5,696
14.424
5.996
20,120
20,420
Amounts falling between one and two years..
Bank loans- 1-2 years
Other loan
9,868
165,Olblb
14,424
165.(M)O
174,868
179.424
Amounts falling due between two and five years:
Bank loans - 2-5 years
9,656
io.
SECURED DEBTS
The following secured debts are included within creditors:
31.12.24
31.12.23
Bank103ns
24,292
38.504
The bank borrowings are secured by a legal mortgage dated 7 April 2005 over the freehold prowty known as
685-691 Ecclesall Rorf Sheffield.
ii.
MOVEMENf IN FUNDS
Net
movcn]cnt
in funds
Trangfers
between
fimds
At
3J112124
At 111124
Unrestrieted funds
General fi￿d
729,079
16J45
1,047
746,471
Restrlcted funds
Medication chairs and carpet
Education computer for online streaming
2,100
1,047
2,11)0
(1.047)
3,147
(1,047)
2,100
TOTAL FUNDS
732,226
16,345
748571
Page 10
continued...

K*d#m * Medfitstlon Centre Sheffield
Notes to the Financial Statements- continued
for the Year Ended 31 December 2024
ii.
MOVEMENT IN FUNDS - continued
Net movement in fimds. included in the above are as follows..
In¢oming
resources
Resources
expended
Movement
in fimds
Unr¢strletrd funds
General fund
85068
(69,023)
16J45
RestrRCted funds
Gas & ¢l¢ctticity utility costs
io
(io)
TOTAL FUNDS
85,378
(69,033)
16J45
Comparatives for movement in hndi
Net
movement
in funds
Transftrs
between
funds
At
31112123
At 111123
UDrestricted fDnds
General fund
707,168
24,011
(2,100)
729,079
Restricted funds
Medication chairs and catpet
Education computer for online streaming
2,100
2,100
1,047
1.047
1.047
2,100
3.147
TOTAL FUNDS
707.168
25,058
732,226
Cornpardtive net movement in fimds. i￿l￿d¢d in the above are as follows:
Incoming
r¢sourc¢s
Resow¢¢s
expended
Movement
in fiMMIs
Unrestricted fund$
General fund
90.655
(66,644)
24,011
Restrieted funds
Education compufrr for online streaming
Gas & electricity utility Costs
1,047
1,260
1,047
{1,260)
2.307
{1,260)
1,047
TOTAL FUNDS
92,962
(67,904)
25,058
Pagell
continued...

Kadam
Meditation Centre Sheffield
oles to the Finan¢ial Statements - contlnued
for the Year Ended 31 December 2024
12.
RELATED PARTY DISCLOSURES
There were no related paty transactions for the year ended 31 December 2024.
Page 12

KadAm
a Meditation Centre Sheffield
Detafiled Statement of Financial Acti￿tIeS
for the Year Ended 31 December 2024
31.12.24
31.12.23
INCOME AND ENDOWMENTS
Donatlons and legaeies
Donations
1,561
3,790
Other trAding activities
Shop and cafe income
Accomrnodaiion
Short stay ￿COMmOdation
2,530
34,549
14,962
3,785
44,862
14.262
52,041
62,909
Investment income
Deposit account interest
194
210
Charitable activities
Fees and COUTses
31,582
26,053
Total incoming resources
85,378
92.962
EXPENDITURE
Other trading aetlvldes
Shop and Cafe
1,865
2,494
Ch*rit#ble aetlvities
Rates and water
Insurance
Utilities
TelqFhone
O￿lre rnsts
Motor and travel
Kitchen and household
Education
Sponsorship
Repairs and rencwals
5,316
2,705
16,025
501
2J12
204
7,439
11,662
6,434
5.558
5,503
2,734
22,289
851
1,256
106
6,713
7,127
4,915
4,997
58,156
56.491
Support Costs
Management
Legal fees
5,137
6,047
Flnance
Bw]k charges
Carried fonvard
219
2J9
79
79
This page does not forni part of the Sta￿tOry financial Statements
Page 13

K4darn
Medfitatlon Centre Sheffield
Detailed Statemenl of Financial Activities
for the Year Ended 31 December 2024
31.12.24
31.12.23
Flllance
Brought forward
Bank loan interest
219
2906
79
2,115
3.125
2.194
Governan¢e ¢o$ts
Accountancy and legal fees
750
678
Total resources expended
69,033
67,904
Iyet income
16,345
25,058
This page does not forn] part of the statutory financial statements
Page 14

Kadam a Meditation CeThtre Sheffield
Contents of the Financial Statements
for the Year Ended 31 December 2024
Page
Report of tbe Thistees
Independent Examinerls Report
Statement of Ffinancial Activiti¢s
Balance Sheet
S to 6
Notes to the Flnydncial Statements
7 to 12
Detailed Ststement of Fin*n¢lal Artlvltie5
13 to 14