Company Registration Number 02708323
HERUKA KADAMPA MEDITATION CENTRE
REPORT & FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
Registered Charity Number 1011646

HERUKA KADAMPA MEDITATION CENTRE
CONTENTS
FOR THE YEAR ENDED 31" DECEMBER 2021
Contents
Legal & Administialive Information
paBe 3
Trustees Annual Report
page 4-6
Independent Examiner's Report to the Trustees
page 7
Statement of Financial Activities
pa8e 8
Balance Sheel
page 9
Notes lo the Accounts
page 10-13

HERUKA KADAMPA MEDITATION CENTRE
LEGAL AND ADMINISTRATIVE INFORMATION
FOR THE YEAR ENDED 31" DECEMBER 2021
The Trusiees, who are also directors for the purpose of company law, have pleasure in presenting their report and
the unaudited financial statemen15 of the charity for the financial year ended 31 December 2021.
REFERENCE AND ADMINISTRATIVE DETAILS
Re8lstered Charlty Name
Heruka Kadampa Meditalion Centfe
Company Reglstration Number
02708323
Reglstered Charity Number
1011646
Re8istered OffSce
13 Woodstock Road
London
NWII 8ES
En8land
Trustees
The trustees who served the charity durin8 ihe period were as follows-.
Sarah Tier
lan Povey (appointed 5 October 20211
Paul Boseley Iresi8ned 5 October 20211
Roland Lewi
Secretary
Jennifer Andrews
Accountant
Tom Wilcox FCIS FCIE DChA
Coijnterculture Partnership LLP
Unit 115 Ducie House,
Ducie Street,
Manchester,
Ml 2JW
Bankers
HS8C

HERUKA KADAMPA MEDITATION CENTRE
TRUSTEES ANNUAL REPORT
FOR THE YEAR ENDED 31" DECEMBER 2021
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing Document
The Charity is constituted as a company limited by guarantee undei the Companies Acl and governed by its
memorandum and Articles of Association and is also a re8lStered charity.
Trustee Recruitment and Tralnlng
Of the three Trustees. two elected Truslees are recTuiled from within the centre or from other similar centres so
that they have knowled8e and under5tandin8 of the charity'5 aims and workings. To be elecled or appointed as a
Trustee, the nominee must be a member of the charity and are elecled by members al the Annual General Meetin8
or by the Trustees when the need arises according lo the Articles of Associalion. The third Trustee 15 ar) ex-officio
Trustee, by virlue of them being the Administrative Director of a centre specified in the Ailicles of Association. Each
new Trusiee is guided by the curient trustees and other members of the organisation, in particular the
Administrative Direcior and Resideni Teacher, who have vast experience within the oig3nisation.
Related Charlties
The charily is a member of the New Kadampa Tradition- Iniernation31 Kadampa Buddhist Union I'NKT-IKBU'I.
wliich is made up of many centres throughout the world with the sème objects, howevei they are all independent
charities linked only by their object5 and Ihere 15 no financial dependency although funds may pass between cenires
10 fulfil aims and oblectives.
OBJECTIVES AND AcfiviTIES
Objects
The objecls of the charity are to promole the Buddhist faith under the spiritual guidance of the elected Splritual
Director of the NKT-IKBU principally through activities of teaching, Study, practice and the observance of moral
discipline all within the Mahayana Buddhist Tradition of Atisha and Je TsonBkhapa, as taught by Venerable Geshe
KelsanE Gyatso Rlnpoche, the founder of ihe NKT-IKBU through Ihe continuous implementation of the three NKT
study programmes: the General Programme, Foundation Pro8ramme and Teacher Training Programme,
Aims and Activitie5
The charity aims to provide facilities to enable students to study. practice and observe the moral discipline as Set out
in the objecis and this has been achieved so fèr by establishin£ the centre at Woodstock Road, London. The charilv
also holds numerous branch classes across London to provide teachin85 and insight to whomever wishe5 to attend.
Volunteers
The charity has many volunteer5 frorn the local community. who are e55ential for the runnin8 of the charity and are
involved in all aspects of it. We a150 offer wider opportunitie5 to volunteer throu8h volunleering visits.

HERUKA KADAMPA MEDITATION CENTRE
TRUSTEES ANNUAL REPORT
FOR THE YEAR ENDED 31" DECEMBER 2021
Publlc benefits
In exercising their powers and dLtties, the trustees have had due regard to the guidance on public benefit published
by the Charity Commission. They believe that the work of the charity in promoling the Buddhist taith has clearly
identifiable benefit5. The charity believes Ihat there are three important public benefits to promoting the Buddhist
faith.. to help people to develop their wisdom. to cultivaie a good heart. ènd to maintain a peaceful mind. If we
increase our wisdom, we will overcome the problems of our daily life. improve our relationships Wlth others, and
become of real benelit to a troubled world.
Benefit to the public
The charity offers regular courses in Buddhist philosophy. psychology and meditation, bringing personal and social
benefit. These tourse5 are accessible to the public for modest fees and everybody is welcome - Buddhist and non-
Buddhi51. The more odvanced courses of instruction require a greater commitment of personal lime from
participants. The charity a150 maintains a year-round programme ol prayers and meditation, again open to the
PL4blic.
ACHIEVEMENTS AND PERFORMANCE
Heruka KMC continued lo provide Kadam Dharma io the people of London through the three programmes.. General
Programme. Foundation Pro8iamme and Teacher Training Programme. During the year, numerous day and weekend
courses al Heruka KMC weie provided which were well attended. Due to Covid-19, these were streamed online. The
Foundation Pro8ramme and the Teacher Training Programme continued and were also well attended online.
Development work on 11 Woodstock Road, purchased in 2011, continued wilh reconstruction and extension work
for a iiew meditation room, sealing area and accommodation for residents. with the intention to expand spiritual
activities and offer improved accommodation to members of the community.
FINANCIAL REVIEW
The linancial position in 2021 showed a surplus of £119.303 compared with £92,137 in 2020.
Covid-19 lockdowns meanl Heruka KMC was closed for part of 2021. To continue serving the public by providin8
meditation classes and courses, these were streamed online.
RE5ERVE5 POLICY
The Trustees consider that the level of free reseryes should be retained in liquid funds equivalent to covei up to SIX
fllonths overhead expenditure. These reserves are to be held in order to maintain the basic operation5 of the charity
and to provide some surety 38ainst adverse financial events. Such a5 income targets noi bein8 achieved or
unexpected expenditure.

HERUKA KADAMPA MEDITATION CENTRE
TRUSTEES ANNUAL REPORT
FOR THE YEAR ENDED 31" DECEMBER 2021
Statement of Directors. and Trustees, Responsibilities
The trustees (who are also the directofs ol ihe Heruka Kadampa Meditation Centre for the purposes of company
lawl are responsible for preparing the Annual Report and the financial statements in accoidance with applicable law
and regulations.
Company Law reqLsires ihe trustees to prepare financial statements for each financial year which give a Irue and fair
view of the state of affairs of the charity and ol the incomin8 resources and application of resources,
including the income and expenditure of the charitable company for Ihol year.
In preparing these financial statemenls, the trustees are required to=
select the mosi suitable atcounling policies and apply ihem consistenilv,.
observe the methods and principles in the Charities SORP,.
make judgeinents and estimates that ale reasonable and prudent; and
prepare the financial st3temenls on a goin8 concern basis unless it is not appiopriate to presume that the
charity will continue in operation.
The trustees are responsible for keeping adeouaie accounting records ihal disclose with reasonable accuracy al anv
tiffle the financial posilion of the charity and enable them to ensure that ihe financial Siatements comply with ihe
Companies Act 2006. They are also responsible for safe8uarding ihe assets of the charity and hence for taking
reasonable Steps foi the prevention and detection of fraud and other irregularities.
The trustees are responsible for the maintenance and inle8rity of the charity and financial Information included Dn
the charity's website. Legislation in the United Kin8dom 8overning ihe preparotion and di55emination of financial
slatements may differ from le8isl3lion
other Jurisdictions.
Approved by the Iruslees on
and signed on iheir behalf by:
lie
-)
Si8ne
on behalf of the Trustees..
Sarah Tier

HERUKA KADAMPA MEDITATION CENTRE
INDEPENDENT EXAMINER'S REPORT
FOR THE YEAR ENDED 31" DECEMBER 2021
I report to the charity trustees on my examination of the accounts of the charitable company for the year ended 31
December 2021.
Responsibilities and basis of report
The truslees (who are also the directors of the company for the purposes of company lawl are responsible for the
preparation of the accounts in accordance with the requiTement5 of the Companies Act 2LK)61-the 2LK)6 Act").
Having satisfied myself that the accounts of the Company are not required to be audited for this year under Part 16
of the 2006 Act and are eli8ible for independent examination, I report in respect of my examination of your tharity's
accounts as carried oul under section 145 of tl)e Charities Act 20111.lhe 2011 Act"). In Carrying out my examination,
I have followed the Direclions given by the Charity Commission lunder section 14515llbl of the 2011 Act.
Independent examinerfs statement
Sincè the charity's gross income exceeded £250.0￿, I can confirm that l am qualified to undertake the examination
by virtue of being a Fellow Member of the In51ilute of Chartered Secretaries and Administrators IICSAI, which is one
of the listed bodies.
I have completed my examination. I confirm that no material matters have come to my atlention which glves me
cause to believe that..
accounting records were not kept in accordance with section 386 of the Companies Acl 2006.. or
the accounts do noi accord with such records,. or
the accounts do not comply with the relevant accountin8 requirements under section 396 of ihe Companies
Act 2006 othei than any requirement ihat the accounts give a 'true and fair, view which is not a matter
considered as parl of 3n independenl examination,. or
the account5 have not been prepared in 3ccoiOance with the Charilies SORP IFRS1021.
I have no concern5 and have come across no other matters in connection with the examination to which attention
should be drawn in this report in order to enable a proper understandin8 of ihe accounts to be reached.
,7LG
Tom Wilcox
Institute of Chartered Secretarie5 and Administrators
Counterculture Partnership LLP
Unit 115 Ducie House
Ducie Street
Manchester
Ml 2JW
5 August 2022

HERUKA KADAMPA MEDITATION CENTRE
STATEMENT OF FINANCIAL ACTIVITIES (including Income and Expenditure Account)
FOR THE YEAR ENDED 31" DECEMBER 2021
Notes Unrestricted Restrycted
Total Funds
Total 202n
Income and endowments from:
Donations and legacies
ChaTltable activities
Investment income
121.796
215,656
17
121,796
215.656
17
15.265
218,709
152
Total incoming resources
337,469
337,469
234,126
Resources expended:
Charitable activitie5
218,166
218,166
141,989
Total Resources expended
218.166
218,166
141,989
Net movement in funds
119.303
119,303
92,137
Transfer belween funds
12,837
112,8371
FLsnds at I, january 2021
Funds at 31" December 2021
1,572.200
1,704,340
12.837
1.585.037
1,704,340
1.492,900
1,585,037
The statement of flnancial activities includes all gains and losses reco8nised in the two years.
All amounts relate to continuin8 activities.
The statement of financial activities also complies with the requirements for an income and expenditure aCCOLtnt
under the Companies Act 2006.
The notes on pa8es 10- 13 fom part ofthese Accounts.

HERUKA KADAMPA MEDITATION CENTRE
BALANCE SHEEr
AS AT 31" DECEMBER 2021
Note
31" Det 2021
31, Dec 2020
Fixed Assets
Tangible Assets
3,195,891
3,196,080
Current Assets
Debtors
Cash at bank and in hand
1,868
55.988
54,021
Credltor5:
Amounts falling due within one year
io
125.3161
1132,6641
Net current assetsllliabllities)
Total assets less curreni liabilities
Credltors: amounts falling due after one year 10
Net assets
Funds
Unrestricted
Restricted
3,228.431
1 524 091
1704 340
3,117,437
1 532 400
1 585 037
1,704,340
1,572,2Crf)
12,837
Total Funds
1704 340
1 585 037
For the year ende(131 December 2021 the company was entitled to exemption from audil under Section 477 of the
Companies Act 2006. The members have not required the company to obtain an audit in accordance with 5eclion
476 of the Companies Act 2006.
The director5 acknowledge their responsibility for complying with the requirements of the Act with respeci to
accounting records Ond for the preparation of accounts.
Thèse actourbts have been prepared in accordance with the provisions applicable to companies subjecl to small
tompanies, regimè.
The directors declare thai they have approved ihe accounts above.
Signed on behalf the trustee5'.
Sarah Tier
Date-.

HERUKA KADAMPA MEDITATION CENTRE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31" DECEMBER 2021
l. Staternent of accounting policies
Basis of accounting
The financial statements have been prepared in accordance with the charitable company's memorandum and
articles of association, Ihe Charitie5 Act 2011 and Accounting and Reporting by Charitie5'. Statement of
Recommended Practice- Accounting and Reporting by Charities ISORP IFRS1021, second edition issued in January
20191 the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 and the Companies
Act 2006.
The charity meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised
at historical cost or transaction value unle55 Otherwise slated in the relevant accountin8 policy notes.
Cash flow
The financial Statements do not include a cash flow statement because the charity, as a small reporting entity, is
exempi from the requiiement to prepare such a stèlemenl under Finèncial Reporting Standard I "Cash flow
statements."
Incoming resouftes
All incoming resources are included in ihe slatement of financial activities when the charity is legally entitled to the
income and the amount can be quantified with reasonable accuracy.
Investments income consists of bank interest received within the year.
Resourtes expended
All expendituie is accounted for on an accruals basis and is recognised when there is è legal or constructive
obligation to pay. Expenditu¥e has been classified under headings that a88Te8ate all costs related to the category.
Costs classified a$ Eovernance costs relate to tosts incurred in connection with constitutional, audit and other
statutory requirements.
Going concem
These accounts have been prepared on a 80ing concern basis. dependant on the ongoing support of the bank.
Funds
The charity maintains a general unrestricted fund which represents funds which are expendable at the disc￿li0n of
the trustees in furtherance of the objects of the charity. Such funds may be held in order to finance both working
capital and capital invesiment.
Re5tritted funds have been provided to the charity for parlicular purposes. and it is ihe policy of the board of
trustees to carefully monilor the application of those funds in a£cordance with the restrictions placed upon them.
Flxed assets
Tangible fixed assets are slated at cost lor deemed costl less accumulated depreciation. Dep￿ciall0￿ is provlded on
all tangible fixed assets, at rates calculated lo write off the cost. les5 estimated residual value. of each asset on a
5VStematic basis over Il)eir expected useful lives as follows=
Freehold Property
Nil
Fixtures and fittings
IO% Feducing balance.
io

HERUKA KADAMPA MEDITATION CENTRE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31" DECEMBER 2021
Taxation
As a registered charity, the company is exempi from income and corporation tax to the extent that its income and
Eains ale applicable to charitable purposes only. Value Added Tax 15 not recoverable by the company and is
therefore included in the relevant costs in the Sialement of Financial Activities.
2. Voluntary income
Unrestrlcted
Reslricted
Total
Total
2021
2021
2021
2020
Donations
121.796
127,796
121.796
121,796
15.265
15,265
3. Investment income
Unrestrfcted
2021
Restrirted
2021
Total
2021
Total
2020
Interest receivable
17
17
152
4. Income from charitable artlv5tles
Unrestricted
2021
Restricted
2021
Total
2021
Total
2020
Course5 and study pro8rammes
Accommodation
Bookshop
53,692
161,552
412
215,656
53,692
161,552
412
215,656
55.100
161,714
1,895
218,709
5. Costs of charitable actlvlties
Unreslrirted
2021
Restrlcted
2021
Total
2021
Total
2020
Courses and study programmes
Accommodation
Finance costs {note 6}
Bookshop
Supporl costs
Governance costs
11,929
151,225
42.419
11,929
151,225
42.419
18.259
64,338
41,815
745
16.082
750
141,989
11,933
660
218,166
11.933
660
218.166
li

HERUKA KADAMPA MEDITATION CENTRE
NOTES TO THE ACCOUNT5
FOR THE YEAR ENDED 31" DECEMBER 2021
6. Finance costs
Unrestficled Restrirted
2021
2021
Total Fund5
2021
Total Funds
2020
Inteie5t payable
Bank charges
42,222
197
42.419
42,222
197
42,419
40,923
892
41,815
7. Net Income for the year
Th￿S is stated after chargin8'.
Total
2021
Total
2020
Independent Examiners Fees
Depreciation of fixed assets
660
189
750
210
8. Tanglble Fixed Assets
Freehold
Flx&Fitting5
Total
Cost at I'january 2021
Depreciatlon at I" January 2021
Char8e for the yearto 31" Detember 2021
3,194,193
24,644
22,757
189
3,218,837
22,757
189
Net 8ook Value
As at 31" December 2021
As at 31, December 2020
3.194.193
3,194.193
1,698
1.887
3,195,891
3,196,080
N8V of tangible fixed assets
2021
2020
13 Woodstock Road
11 Woodstock Road
17 Woodstock Road
871.048
1,223,145
i.IcM).000
871.048
1,223.145
I,ioo,000
12

HERUKA KADAMPA MEDITATION CENTRE
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31" DECEMBER 2021
9. Debtors
2021
2020
Prepayment
1,868
1,868
10. Creditors: amounts falling due within a year
2021
2020
Bank loans and overdrafts
Trade creditors
Loans due within one year
Accruals
Deposlts
96,905
2.573
17,551
2,315
13.320
132,664
5,831
660
11,825
25,316
Credltors falllng due after more than one year
2021
2020
63nk loans and overdrafts
Other long-lerm loans
1,065,091
459.000
I,S24.091
1,065,951
466,449
1,532,400
The bhnk loans lotallin8 £1,065,09112020.' £1,065,951) is secured by o charge over two of the three charity's
Ireehold properties.
11. Movementol funds
Balance bld
Transfer In funds
Balance bld
Restricled funds
12,837
112.8371
Reason for fLsnd and transfer
Thi5 fund was createLI to further the developmenl of the International Temples Project in London. This has been
accomplished through the development of the new mediiation space in 11 Woodstock Road.
12. Analysis of net assets between funds
Net currenl assets
Iliabilities
Net Assets
Unrestricted funds
Reslricted funds
32.540
1,704,340
32,540
32.540
1.704,340
1,704,340
13. Trustee remuneration and related party transactions
None of the trustees has been paid any remuneration or received any other benefits from an employment with this
charity or a related entity. None of the trustees has been paid any expenses in the current year.
There were no tsther ielaled party payment5 in either the cUr￿nt or prior years.
13