Atisha Kadampa Meditation Centre Trustees Annual Report for the Year ended 31 December 2020
Objectives and Activities
The object of the Centre is to promote the Buddhist faith under the spiritual guidance of the elected General Spiritual Director of the New Kadampa Tradition – International Kadampa Buddhist Union (Geshe Kelsang Gyatso).The promotion of the Buddhist faith is principally done through the activities of teaching, study, practice and observance of moral discipline all within the New Kadampa Tradition.
The Trustees have had regard to the Charity Commission’s guidance on public benefit and liaises closely with the council and other organisations in this regard.
Achievements and Performance
During the year to 31 December 2020 the Centre continued to provide an extensive range of teachings and courses across County Durham, the Tees Valley and North Yorkshire. However due to the Coronavirus pandemic for most of the year provision was online.The Centre relies very much upon the kind efforts of volunteers.
Financial Review
The accounts for the year ended 31 December 2020 do comply with current statutory requirements and the requirements of the company’s governing documents and were approved by the Trustees on 6 May 2021.
A surplus of £19,454 was made during the year ended 31 December 2020 compared to a surplus of £3,871 in the previous accounting year. Government coronavirus grant funding was obtained during the year which helped the financial situation and some development expenditure postponed until after the pandemic. Total reserves at the end of the year were £162,780 compared to £143,326 at the end of the previous year. These are unrestricted funds which the Trustees regard as necessary for the continuing maintenance and development of Centre activities. The wide range of classes was maintained during the year and continuing work was undertaken to further enhance the quality of the Centre’s building for the benefit of all using the Centre.
Structure, Governance and Management
The Centre is a charitable company with a minimum of three Directors/Trustees who are drawn from the pool of regular participants in the Centre’s study programmes. They come from diverse backgrounds and are therefore able to bring a range of relevant knowledge and skills to their roles for the benefit of the Centre and its activities.
The trustees at the end of the year were Rachel Dawber, Judith Mallin and J. Niles.
Reference and Administrative Details
Atisha Kadampa Meditation Centre is a company limited by guarantee whose activities and operation are governed by its memorandum and articles of association. The Registered Charity No. is 1013466 and the Registered Company No. is 2711172.
The registered office of Atisha Kadampa Meditation Centre, commonly known as Atisha Centre, is located at 81 Victoria Road, Darlington, County Durham, DL1 5JQ. The company’s bankers are Natwest plc, York City Centre Branch, 1 Market Street, York, YO1 9YH and the independent examiner is Lesley Greer, 46, Buckingham Road, Redcar, TS10 1EU.
Signed on behalf of the Trustees by
R. Dawber
Date: 6 May 2021
REGISTERED NUMBER 02711172 England and Wales
Atisha Kadampa Meditation Centre Balance Sheet 31 December 2020
1
Atisha Kadampa Meditation Centre 81 Victoria Road, Darlington, Co. Durham, DL1 5JQ
DIRECTORS R. Dawber J.A.Mallin J. Niles SECRETARY J. Bourke-Cockerill REGISTERED OFFICE 81 Victoria Road, Darlington, Co. Durham, DL1 5JQ REGISTERED NUMBER 02711172
2
Atisha Centre
81 Victoria Road, Darlington, Co. Durham, DL1 5JQ
REPORT OF THE DIRECTORS
The directors submit their report for the year ended 31 December 2020.
PRINCIPAL ACTIVITIES
The principal activity of the company is the promotion and teaching of the Buddhist faith.
DIRECTORS
The company is limited by guarantee and as such there is no share capital.
The following were directors during the year:
R. Dawber J.A.Mallin J. Niles
POLITICAL AND CHARITABLE DONATIONS
No charitable or political donations were made during the year.
The directors’ report has been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime in Part 15 of the Companies Act 2006.
By Order of the Board
........R. Dawber................................. Director ...18.09.21.......... Date
Approved by the Board, 18 September 2021
3
Atisha Centre 81 Victoria Road, Darlington, Co. Durham, DL1 5JQ
| BALANCE SHEET AS AT 31 DECEMBER 2020 31 December 31 December 2020 2019 £ £ £ £ Notes FIXED ASSETS 1,2 249,490 250,060 CURRENT ASSETS Stock 506 980 Cash at Bank 39,528 21,479 40,034 22,459 CREDITORS: Amounts falling due within one year Trade Creditors 1,500 2,103 NET CURRENT ASSETS 38,534 20,356 TOTAL ASSETS LESS CURRENT LIABILITIES 288,024 270,416 CREDITORS: Amounts falling due after more than one year 3 Mortgage 125,244 127,090 £162,780 £143,326 SHARE CAPITAL & RESERVES Unrestricted Income Funds 4, 5, 6 162,780 143,326 £162,780 £143,326 |
BALANCE SHEET AS AT 31 DECEMBER 2020 31 December 31 December 2020 2019 £ £ £ £ Notes FIXED ASSETS 1,2 249,490 250,060 CURRENT ASSETS Stock 506 980 Cash at Bank 39,528 21,479 40,034 22,459 CREDITORS: Amounts falling due within one year Trade Creditors 1,500 2,103 NET CURRENT ASSETS 38,534 20,356 TOTAL ASSETS LESS CURRENT LIABILITIES 288,024 270,416 CREDITORS: Amounts falling due after more than one year 3 Mortgage 125,244 127,090 £162,780 £143,326 SHARE CAPITAL & RESERVES Unrestricted Income Funds 4, 5, 6 162,780 143,326 £162,780 £143,326 |
|---|---|
143,326 |
|
| £ |
4
Atisha Centre 81 Victoria Road, Darlington, Co. Durham, DL1 5JQ
BALANCE SHEET AS AT 31 DECEMBER 2020 (continued)
The directors confirm that these abbreviated accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime in Part 15 of the Companies Act 2006, with Section 1A Small Entities of the Financial Reporting Standard 102 (effective July 2015) and the Charity Commission’s Statement of Recommended Practice (2019 Update).
For the financial year ended 31 December 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 and no members have deposited a notice under section 476 requiring an audit.
The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 of the Act and for preparing accounts which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit or loss for the 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 accounts.
Signed ............R. Dawber....................... Director ......18.09.21.......... Date
Approved by the Board, 18 September 2021
5
Atisha Centre
81 Victoria Road, Darlington, Co. Durham, DL1 5JQ
NOTES TO THE ACCOUNTS
1. ACCOUNTING POLICIES
Accounting Convention
The accounts have been prepared in accordance with the historical cost convention.
Depreciation
No provision is made for depreciation on Freehold Buildings as required by the Companies Act 2006 and FRSSE (effective April 2008). The nature of the company’s business and the regulatory framework within which it operates means that the company has to carry out a regular programme of maintenance to ensure its premises continue to meet the required high standards throughout its estimated useful life. In the opinion of the directors the effect of this maintenance is that the estimated residual value of the freehold buildings is not materially different from cost and so the total amount that would be subject to depreciation is not material. For this reason it is not necessary to account for depreciation on freehold buildings.
.
Depreciation is provided on all other tangible fixed assets on a reducing balance method. The rates used are:
Fixtures and Fittings - 15% on cost Plant and Equipment - 25% on cost Motor Vehicles - 25% on cost
Stocks
Stock has been valued at the lower of cost and net realisable value.
2. FIXED ASSETS
| Freehold Fixtures Plant Motor Total Land and and and Vehicles Buildings Fittings Equipment Cost At 1 January 2020 249,000 3,154 7,736 2,275 262,165 Additions - - - - -Disposals - - - - - At 31 December 2020 249,000 3,154 7,736 2,275 262,165 Depreciation At 1 January 2020 - 3,154 7,736 1,215 12,105 Depreciation for year - - - 570 570 At 31 December 2020 -3,154 7,736 1,785 12,675 |
Freehold Fixtures Plant Motor Total Land and and and Vehicles Buildings Fittings Equipment Cost At 1 January 2020 249,000 3,154 7,736 2,275 262,165 Additions - - - - -Disposals - - - - - At 31 December 2020 249,000 3,154 7,736 2,275 262,165 Depreciation At 1 January 2020 - 3,154 7,736 1,215 12,105 Depreciation for year - - - 570 570 At 31 December 2020 -3,154 7,736 1,785 12,675 |
Freehold Fixtures Plant Motor Total Land and and and Vehicles Buildings Fittings Equipment Cost At 1 January 2020 249,000 3,154 7,736 2,275 262,165 Additions - - - - -Disposals - - - - - At 31 December 2020 249,000 3,154 7,736 2,275 262,165 Depreciation At 1 January 2020 - 3,154 7,736 1,215 12,105 Depreciation for year - - - 570 570 At 31 December 2020 -3,154 7,736 1,785 12,675 |
Freehold Fixtures Plant Motor Total Land and and and Vehicles Buildings Fittings Equipment Cost At 1 January 2020 249,000 3,154 7,736 2,275 262,165 Additions - - - - -Disposals - - - - - At 31 December 2020 249,000 3,154 7,736 2,275 262,165 Depreciation At 1 January 2020 - 3,154 7,736 1,215 12,105 Depreciation for year - - - 570 570 At 31 December 2020 -3,154 7,736 1,785 12,675 |
Freehold Fixtures Plant Motor Total Land and and and Vehicles Buildings Fittings Equipment Cost At 1 January 2020 249,000 3,154 7,736 2,275 262,165 Additions - - - - -Disposals - - - - - At 31 December 2020 249,000 3,154 7,736 2,275 262,165 Depreciation At 1 January 2020 - 3,154 7,736 1,215 12,105 Depreciation for year - - - 570 570 At 31 December 2020 -3,154 7,736 1,785 12,675 |
|---|---|---|---|---|
| 249,000 3,154 7,736 2,275 |
||||
- - |
3,154 7,736 1,215 - - 570 570 -3,154 7,736 1,785 |
|||
Net Book Value
At 1 January 2020 249,000 - - 1,060 250,060
6
At 31 December 2020 249,490
249,000 - - 490
7
Atisha Centre
81 Victoria Road, Darlington, Co. Durham, DL1 5JQ
NOTES TO THE ACCOUNTS (continued)
- CREDITORS - AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
Includes the following:
Mortgage £125,244
4. FUNDS
All funds are General Purpose. There are no Restricted Income Funds or Endowment Funds.
5. NET INCOME FROM RESOURCES
Net income from resources is stated after charging:
Depreciation £570
6. SHARE CAPITAL AND RESERVES
The company is limited by guarantee.
The reserves are non-restricted funds.
7. EVENTS AFTER THE END OF THE ACCOUNTING YEAR
The Coronavirus pandemic has had a limiting effect upon the activities of the Centre in 2021 but in the view of Directors it does not require any adjustments to the accounts for the year ended 31 December 2020.
8
Atisha Centre
81 Victoria Road, Darlington, Co. Durham, DL1 5JQ
STATEMENT OF FINANCIAL ACTIVITIES : YEAR ENDED 31 DECEMBER 2020
| Year to Year to 31 December 2020 31 December 2019 £ £ £ £ Incoming Resources Courses 19,672 23,412 Rent 22,678 18,415 Donations 15,739 1,570 Shop and Café Sales 991 4,542 Total Incoming Resources 59,080 47,939 Expenditure Direct Charitable Expenditure Room Hire 1,536 5,496 Travel 2,489 3,476 Sponsorship 3,806 5,720 Shop and Café Purchases 959 3,339 Printing, Postage & Stationery 765 639 9,555 18,670 Management and Administration Telephone 1,610 966 Rates, Heat & Light 3,959 8,032 Food & Household 2,617 2,993 Building Expenses 15,088 6,924 Bank Interest and Charges 5,453 5,494 Legal & Professional 774 419 Depreciation 570 570 30,071 25,398 Total Expenditure 39,626 44,068 Net (Outgoing) / Incoming Resources 19,454 3,871 Total funds brought forward 143,326 139,455 Total funds carried forward £162,780 £143,326 |
Year to Year to 31 December 2020 31 December 2019 £ £ £ £ Incoming Resources Courses 19,672 23,412 Rent 22,678 18,415 Donations 15,739 1,570 Shop and Café Sales 991 4,542 Total Incoming Resources 59,080 47,939 Expenditure Direct Charitable Expenditure Room Hire 1,536 5,496 Travel 2,489 3,476 Sponsorship 3,806 5,720 Shop and Café Purchases 959 3,339 Printing, Postage & Stationery 765 639 9,555 18,670 Management and Administration Telephone 1,610 966 Rates, Heat & Light 3,959 8,032 Food & Household 2,617 2,993 Building Expenses 15,088 6,924 Bank Interest and Charges 5,453 5,494 Legal & Professional 774 419 Depreciation 570 570 30,071 25,398 Total Expenditure 39,626 44,068 Net (Outgoing) / Incoming Resources 19,454 3,871 Total funds brought forward 143,326 139,455 Total funds carried forward £162,780 £143,326 |
Year to Year to 31 December 2020 31 December 2019 £ £ £ £ Incoming Resources Courses 19,672 23,412 Rent 22,678 18,415 Donations 15,739 1,570 Shop and Café Sales 991 4,542 Total Incoming Resources 59,080 47,939 Expenditure Direct Charitable Expenditure Room Hire 1,536 5,496 Travel 2,489 3,476 Sponsorship 3,806 5,720 Shop and Café Purchases 959 3,339 Printing, Postage & Stationery 765 639 9,555 18,670 Management and Administration Telephone 1,610 966 Rates, Heat & Light 3,959 8,032 Food & Household 2,617 2,993 Building Expenses 15,088 6,924 Bank Interest and Charges 5,453 5,494 Legal & Professional 774 419 Depreciation 570 570 30,071 25,398 Total Expenditure 39,626 44,068 Net (Outgoing) / Incoming Resources 19,454 3,871 Total funds brought forward 143,326 139,455 Total funds carried forward £162,780 £143,326 |
|---|---|---|
9
Independent Examiner’s Report to the Trustees of Atisha Kadampa Meditation Centre for the Year Ended 31 December 2020
I report on the accounts of Atisha Centre for the year ended 31 December 2020
Respective Responsibilities of trustees and examiner
The charity’s trustees are responsible for the preparation of the accounts in accordance with the Charities Act 2011 (“the Act”).
The charity’s trustees consider that an audit is not required for this year under section 144 of the Act and that an independent examination is needed.
It is my responsibility to:
-
examine the accounts under section 145 of the Charities Act
-
follow the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act, and
-
state whether particular matters have come to my attention.
Basis of independent examiner’s report
My examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes the review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations 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 no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below.
Independent examiner’s statement
In connection with 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 section130 of the Charities Act; or
-
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 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.
I have no concerns 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 understanding of the accounts to be reached.
Name: Lesley Greer
Relevant professional qualification or body: ICMA
Address: 46 Buckingham Road, Redcar, TS10 1EU Date: 28.04.21