Company Registration Number 02708323
HERUKA KADAMPA MEDITATION CENTRE
REPORT & FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Reglstered Charity Number 1011646

HERUKA KADAMPA MEDITATION CENTRE
CONTENTS
FOR THE YEAR ENDED 31" DECEMBER 2023
Contents
Legal & Administrative Information
page 4
Trustees Annual Report
page 5-7
Independent Examinerfs Report to the Trustees
page 8
Statement of Financial Activities
page 9
Balance Sheet
page 10
Notes to the Accounts
page 11-14

HERUKA KADAMPA MEDITATION CENTRE
LEGAL AND ADMINISTRATIVE INFORMATION
FOR THE YEAR ENDED 31" DECEMBER 2023
The Trustees, who are also directors forthe purpose of company law, have pleasure in presenting their report
and the unaudited financial statements of the charity for the financial year ended 31 December 2023.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Charity Name
Heruka Kadampa Meditation Centre
Company Registration Number
02708323
Registered Charity Number
1011646
Registered Office
13 Woodstock Road
Golders Green
London
NWII 8ES
Trustees
The trustees who served the charity during the period were as follows:
Sarah Tier (resigned on 26 September 20231
Roland Levy Iresigned on 26 September 20231
Lisa Marie Devine (appointed on 24 March 2023}
Douglas Robb (appointed on 26 September 2023)
David Reed (appointed on 26 September 20231
Company Secretary
Jennifer Andrews (resigned on 12 July 20231
Robert Dennis (appointed on 9 September 20231
Bankers
HSBC
26 Broad Street
Reading
Berkshire
RGI 2BU
Virgin Money
Jubilee House
Gosforth
Newcastle Upon Tyne
NE3 4PL
Independent Examiner
Community 360
Winsley's House
High Street
Colchester
Essex
COI IUG

HERUKA KADAMPA MEDITATION CENTRE
TRUSTEES ANNUAL REPORT
FOR THE YEAR ENDED 31" DECEMBER 2023
STRucfuRE, GOVERNANCE AND MANAGEMENT
Governing Document
The Charity is constituted as a company limited by guarantee under the Companies Act and governed by its
memorandum and Articles of Association and is also a registered charity.
Trustee Recruitment and Training
Of the three Trustees, two elected Trustees are recruited from within the centre or from other similar centres
so that they have knowledge and understanding of the charity'5 aims and workings. To be elected or
appointed as a Trustee, the nominee must be a member of the charity and are elected by members at the
Annual General Meeting or by the Trustees when the need arises according to the Articles of Association. The
third Trustee 15 an ex-officio Trustee, by virtue of them being the Administrative Director of a centre specified
in the Articles of Association. Each new Trustee is guided by the current trustees and other members of the
organisation, in particular the Administrative Director and Resident Teacher, who have vast experience within
the organisation.
Related Charities
The charity is a member of the New Kadampa Tradition- International Kadampa Buddhist Union I'NKT-IKBU'I,
which is made up of many centres throughout the world with the same objects, however they are all
independent charities linked only by their objects and there is no financial dependency although funds may
pass between centres to fulfil aims and objectives.
OBJECTIVES AND AcfiviTIES
Objects
The objects of the charity are to promote the Buddhist faith under the spiritual guidance of the elected
Spiritual 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 Tsongkhapa, as taught by
Venerable Geshe Kelsang Gyatso Rinpoche, the founder of the NKT-IKBU through the continuous
implementation of the three NKT study programmes: the General Programme, Foundation Programme and
Teacher Training Programme.
Aims and Activities
The charity aims to provide facilities to enable students to study, practice and observe the moral discipline as
set out in the objects and this has been achieved so far by establishing the Centre at Woodstock Road, London.
The charity also holds numerous branch classes across London to provide teachings and insight to whomever
wishes to attend.
Volunteers
The charity has many volunteers from the local community, who are essential for the running of the charitv
and are involved in all aspects of it. We also offer wider opportunities to volunteer through volunteering visits.

HERUKA KADAMPA MEDITATION CENTRE
TRUSTEES ANNUAL REPORT
FOR THE YEAR ENDED 31" DECEMBER 2023
Public benefits
In exercising their powers and duties, 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 promoting the Buddhist faith
has clearly identifiable benefits. The charity believes that there are three important public benefits to
promoting the Buddhist faith: to help people to develop their wisdom, to cultivate a good heart, and to
maintain a peaceful mind. If we increase our wisdom, we will overcome the problems of our daily life, improve
our relationships with others, and become of real benefit 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 courses are accessible to the public for modest fees and everybody is welcome- Buddhist
and non-Buddhist. The more advanced courses of instruction require a greater commitment of personal time
from participants. The charity also maintains a year-round programme of prayers and meditation, again open
to the public.
ACHIEVEMENTS AND PERFORMANCE
Heruka Kadampa Meditation Centre (Heruka KMC) continued to provide Kadam Dharma to the people of
London through the three programmes: General Programme, Foundation Programme and TeacherTraining
Programme. During the year, numerous day and weekend courses at Heruka KMC were provided which were
well attended. The Foundation Programme and the Teacher Training Programme continued and were also well
attended.
FINANCIAL REVIEW
The financial position in 2023 showed a surplus of £52,730 compared with £96,176 in 2022.
RESERVES POUCY
The Trustees consider that the level of free reserves should be retained in liquid funds equivalent to cover up
to two months overhead expenditure. These reseNes are to be held in order to maintain the basic operations
of the charity and to provide some surety against adverse financial events, such as income targets not being
achieved or unexpected expenditure.

HERUKA KADAMPA MEDITATION CENTRE
TRUSTEES ANNUAL REPORT
FOR THE YEAR ENDED 31" DECEMBER 2023
Statement of Directors, and Trustees, Responsibilitles
The trustees (who are also the directors of the Heruka Kadampa Meditation Centre for the purposes of
company lawl are responsible for preparing the Annual Report and the financial statements in accordance with
applicable law and regulations.
Company Law requires the trustees to prepare financial statements for each financial year which give a true and
fair view of the state of affairs of the charity and of the incoming resources and application of resources,
including the income and expenditure of the charitable company for that year.
In preparing these financial statements, the trustees are required to:
selett the most suitable accounting policies and apply them consistently;
observe the methods and principles in the Charities SORP,.
make judgements and estimates that are reasonable and prudent. and
prepare the financial statements on a going concern basis unless it is not appropriate to presume that
the charity will continue in operation.
The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at
any time the financial position of the charity and enable them to ensure that the financial statements comply
with the Companies Act 2(K)6. They are also responsible for safeguarding the assets of the charity and hence for
taking reasonable steps for the prevention and detection of fraud and other irregularities.
The trustees are responsible for the maintenance and integrity of the charity and financial information included
on the charity's website. Legislation in the United Kingdom governing the preparation and dissemination of
financial statements may differ from legislation in other jurisdictions.
Signed on behalf of the Trustees:
Douglas Robb

HERUKA KADAMPA MEDITATION CENTRE
INDEPENDENT EXAMINER'S REPORT
FOR THE YEAR ENDED 31" DECEMBER 2023
I report on the accounts of heruka Kadampa Meditation Centre for the year ended 31 December 2023 which are set
out on pages 9 to 14.
Respective responsibilities of trustees and exarniner
The Charity's Trustees are responsible for the preparation of the accounts. The Charitvs Trustees consider that an
audit is not required for this year lunder section 144 {21 of the Charities Act 2011 {The Act) but that an independent
examination is needed. The charities gross income exceeded £250,000 and l am qualified to undertake the
examination by being a qualified member of Association of Accounting Technicians.
It is my responsibility to:
Examine the accounts under section 145 of the Charities Act,
To follow the procedures laid down in the General Directions given by the Charity Commissioners (under
section 145{5llbl of the Charities Act, and
To state whether particular matters have come to my attention.
Basis of independent examinerfs Statement
My examination was carried out in accordance with the General Directions given by the Charity Commissioners. 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 considerations of any unusual items or disclosures in the accounts,
and seeking explanation5 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 examinerfs statement
In the course of my examination, no material matters have come to my attention which gives me cause to believe
that in, any material respect-.
the accounting records were not kept in accordance with section 130 of the
the accounts did not accord with the accounting records; or
the accounts did not comply with the applicable requirements concerning the form and content of the
accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that
the accounts give a true and fair, view which is not a matter considered as part of an independent
examination.
Charities Act; or
I 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 understanding of the accounts to be reached.
David Courtier FMAAT AATQB for and on behalf of:
Community360
Winsley's House, High Street, Colchester, Essex
Date
21 /06/24

HERUKA KADAMPA MEDITATION CENTRE
STATEMENT OF FINANCIAL ACTIVITIES (including Income and Expenditure Account)
FOR THE YEAR ENDED 31" DECEMBER 2023
Notes Unrestricted Restricted
Total Funds
Total
2022
Income and endowments from:
Donations and legacies
Charitable activities
Investment income
25,217
259,717
307
25,217
259,717
307
53,274
247,007
120
Total incoming resources
285,241
285,241
300,401
Resources expended..
Charitable artivities
232,511
232,511
204,225
Total Resources expended
232,511
232,511
204,225
Net movement in funds
52,730
52,730
96,176
Transfer between funds
Funds at I" January 2022
Funds at 31" December 2023
1,800,516
1,853,246
1,800,516
1,853,246
1,704,340
1,800,516
The statement of financial activities includes all gains and losses recognised in the two years.
All amounts relate to continuing activities.
The statement of financial activities also complies with the requirements for an income and expenditure
account under the Companies Act 2006.
The notes on pages 11- 14 form part of these Accounts.

HERUKA KADAMPA MEDITATION CENTRE
BALANCE SHEET
AS AT 31" DECEMBER 2023
Note
si
31 Dec 2023
31" Dec 2022
Fixed Assets
Tangible Assets
3,194,193
3,195,721
Current Assets
Oebtors
Cash at bank and in hand
Stock
2,550
33,674
2,038
1,526
86,017
Creditors:
Amounts falling due within one year
io
{79,289)
(80.316)
Net current assets/(liabilities)
Total assets less current liabilities
Creditors: amounts falling due after one year 10
Net assets
3,153,166
1299 920
1853 246
3,202.948
1402 432
1800 516
Funds
Unrestricted
Restftrted
1,853,246
1,800,516
Total Funds
1 853 246
I8￿$16
For the year ended 31 December 2023 the company was entitled to exemption from audit under section 477 of
the Companies Act 2C()6. The members have not required the company to obtain an audit in accordance with
section 476 of the Companies Act 2006.
The directors acknowledge their responsibility for complying with the requirements of the Act with respect to
accounting records and for the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to sniall
companies, regime.
The directors declare that they have approved the account5 above.
Signed on behalf the trustees:
Douglas Robb
Date
io

HERUKA KADAMPA MEDITATION CENTRE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31" DECEMBER 2023
l. Statement of accounting policies
Basis of accounting
The financial statements have been prepared in accordance with the charitable company's memorandLsm and
articles of association, the Charities Act 2011 and ' Accounting and Reporting by Charities: 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 unless otherwise stated in the relevant accounting policv
notes.
Cash flow
The financial statements do not include a cash flow statement because the charityi as a small reporting entity,
15 exempt from the requirement to prepare such a statement under Financial Reporting Standard I "Cash flow
statements."
Incoming resources
All incoming resources are included in the statement 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.
Resources expended
All expenditure is accounted for on an accruals basis and is recognised when there is a legal or constructive
obligation to pay. Expenditure has been classified under headings that aggregate all costs related to the
category.
Costs classified as governance costs relate to costs incurred in connection with constitutional, audit and other
statutory requirements.
Going concern
These accounts have been prepared on a going concern basi5, dependant on the ongoing support of the bank.
Funds
The charity maintains a general unrestricted fund which represents funds which are expendable at the
discretion of the trustees in furtherance of the objetts of the charity, Such funds may be held in order to
finance both working capital and capital investment.
Restricted funds have been provided to the charity for particular purposes, and it is the policy of the board of
trustees to carefully monitor the application of those funds in accordance with the restrictions placed upon
them.
Fixed assets
Tangible f ixed assets are stated at cost lor deemed cost) less accumulated depreciation. Depreciation is
provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of
each asset on a systematic basis over their expected useful lives as follows:
Freehold Property
Fixtures and fittings
IO% reducing balance or balance of useful life.
li

HERUKA KADAMPA MEDITATION CENTRE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31" DECEMBER 2023
Taxation
As a registered charity, the company is exempt from income and corporation tax to the extent that its income
and gains are applicable to charitable purposes only. Value Added Tax is not recoverable by the company and
is therefore included in the relevant costs in the Statement of Financial Activities.
2. Voluntary income
Unrestricted
Restricted
Total
Total
2023
2023
2023
2022
Donations
25,217
25,217
25,217
25,217
53,274
53,574
3. Investment income
Unrestricted
2023
Restricted
2023
Total
2023
Total
2022
Interest receivable
307
307
120
4. Income from charitable activities
Unre5trirted
2023
Restrirted
2023
Total
2023
Total
2022
Courses and study programmes
Accommodation
Bookshop
56,025
202,459
1,233
259,717
56,025
202,459
1,233
259,717
47,283
198,621
1,103
247,007
5. Costs of charitable artivities
Unrestricted
2023
Restricted
2023
Total
2023
Total
2022
Courses and study programmes
Accommodation
Finance costs (note 61
Bookshop
Support costs
Governance costs
15,973
129,934
70,705
{1,3131
16,539
673
232,511
15,973
129,934
70,705
(1,3131
16,539
673
232,511
8,652
140,446
38,891
416
15,199
621
204.225
12

HERUKA KADAMPA MEDITATION CENTRE
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31" DECEMBER 2023
6. Flnance costs
Unrestricted Restricted
2023
2023
Total Funds
2023
Total Funds
2022
Interest payable
Bank charges
69,940
765
70,705
69,940
765
70,705
37,646
1,245
38,891
7. Net Income fof the year
This is stated after charging:
Total
2023
Total
2022
Independent Examiners Fee5
Depreciation of fixed assets
673
1,528
621
170
8. Tangible Fixed Assets
Freehold
Property
Fixture
&Flttings
Total
Cost or valuatton
At I" January 2023
Additions
At 31" December 2023
3,194,193
24,644
3,218,837
3,194,193
24,644
3,218,837
Depreciation
At I" January 2023
Charge for the year
At 31" December 2023
23,116
1,528
24,644
23,116
1,528
24,644
Net book value
At 31" December 2023
3,194,193
3,194,193
3,194,193
3,195,721
st
At 31 December 2022
1,528
Net book value of tangible fixed assets
2023
2022
13 Woodstock Road
11 Woodstock Road
17 Woodstock Road
871,048
1,223,145
I,ioo,000
871,048
1,223,145
I,ioo,000
13

HERUKA KADAMPA MEDITATION CENTRE
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31" DECEMBER 2023
9. Debtors
2023
2022
Prepayment
Accrued Income
Other debtors
48
661
1,841
2,550
1,526
1,526
10. Creditors: amounts falling due within a year
2023
2022
Bank loans and overdrafts
Deferred Income/Rent paid in advance
56,195
4,251
59,094
3,580
Trade cred itors
Loans due within one year
Accruals
Deposits
Other Creditors
17
3,000
3,000
2,388
12,792
663
79,289
14,625
80,316
Creditors falling due after more than one year
2023
2022
Bank loans and overdrafts
Other long-term loans
938,920
361,000
1,299,920
991.432
411,000
1,402,432
The bank loans totalling £995,115 {2022.' £1,050,526) are secured by a charge over the charity's 3 freehold
properties.
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 other related party payments in either the current or prior years
14