Bodhisattva KMC Annual Trustees Report and Accounts
BODHISATIVA KADAMPA
MEDITATION CENTRE
A company limited by guarantee
Annual Trustees Report and Financial Statements
31 St December 2023
Registered charity number 1016354
Registered company number 02693733 In England and Wales

Bodhisattva KMC Annual Trustees Report and Accounts
Index
Page
Report of the Trustees
Independent examiner's report
Statement of Financial Activities
Balan￿ Sheet
Notes to financial statements
10-12

Bodhisattva KMC Annual Trustees Report and Accounts
The Trustees, who are also directors for the purposes of company law, of Bodhisattva Kadampa
Meditation Centre are pleased to present their report and financial statements for the year ended
31 st December 2023.
REFERENCE AND ADINISTRATIVE DETAILS
Registered Company number 02693733 (England and Wales)
Registered Charity number 1016354
Registered office 3 lansdowne Road Hove East Sussex BN3 1 DN
Trustees:
Ms L Metherell
S A Cansdale
J Andrews
Company Secretary:
Ms M Diskin
OBJECTIVES AND ACTIVITIES
Objectives
The principal objective of Bodhisattva KMC is to promote Kadampa Buddhism according to the
teachings of Tsongkhapa as taught by Venerable Geshe Kelsang Gyatso, the founder of the New
Kadampa Tradition.
Principal activities
To accomplish its objectives, the Bodhisattva KMC has three principal activities.
Providing an education programme that consists of three New Kadampa Tradition Study
Programmes. These consist of drop-in classes, study programmes. retreats, day and weekend
courses.
Providing the facilities to house a Buddhist religious community of people who wish to study on the
New Kadampa Tradition education programme. The centre follows and acts in accordance with the
Moral Discipline Guide, (Internal Rules) of the New Kadampa Tradition IKBU.
Running a small shop, which principally sells teaching and Buddhist religious ritual materials to
facilitate the practice of Kadampa Buddhism. The shop also sells small items for fundraising.
Running a small cafe providing food and refreshments to the ￿ntreS guests and to the visiting
general public
The charity has many volunteers from the local community, who are essential for the running of the
charity and are involved in all aspects of it. We also offer wider opportunities to volunteer through
volunteer helping visits.

Bodhisattva KMC Annual Trustees Report and Accounts
Publlc benefit
In exercising the 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 charty 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 cuftivate a good heart, and to maintain
a peaceful mind. If we increase our wisdom, we will overcome the problems in our daily life, improve our
relationships with others, and become of real benefit to a troubled world.
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.
The charity also has a World Peace Cafe, small book and gift shop, staffed by sponsored people and
volunteers offering vegetarian and vegan food, hot and cold drinks, books and small gifts for purchase. The
charity also offers a large Peace Garden, for meditating, reading, contemplating, and for enjoying with friends
and family. The Peace Garden is open and accessible to the public every day. The charty also provides an
outreach programme where groups and schools can visit the centre or a teacher is provided to go out to visit
the groups and schools.
ACHIEVEMENT AND PERFORMANCE
Charitable activities
Bodhisattva KMC, continued to provide Kadam Dharma to the people of East Sussex, through the three study
programmes: General Programme, Foundation Programme and Teacher Training Programme. During the
year, numerous day, weekend and longer courses were held at Bodhisattva KMC, which were well attended.
The two Foundation Programmers, and Teacher Training Programmes continued and were also well
attended.
FINANCIAL REVIEW
The financial statements are set out on pages 8 to 12. Thanks to a very generous gift from a sister KMC
Centre of £189,993, just after the year end Bodhisattva KMC were able to repay the Natwest bank mortgage
for the full amount of £297,193.
Financial Outcome
The charity's financial position is good with total unrestricted reserves at the end of the year of £991992
These reserves are held to meet the charity's objectives and to assist with the new building costs. The charty
had a positive cash at bank at year end of £444,903, available to meet charitable objectives in the forthcoming
period. The 2023 exceptional donation lead to an surplus of £230.391 for the year to December 2023.
Reserves policy
Bodhisattva KMC is committed to using its resources in pursuit of its charitable objectives. It is also committed
however to maintaining a level of reserves that is prudent to meeting on%oing liabilities, meet requirements
of day to day operations. It also needs sufficient reserves to protect the long-term future of Bodhisattva KMC'S
land and buildings.
Bodhisattva KMCS policy seeks to balance these priorities by holding a level of reserves which equates to
approximately two years expenditure for the baslc operations of the charty. The charitable running costs of
the centre are around £190k a year. Bodhisattva KMC Trustees therefore consider the Centre to be currently
financially secure. The Board of Trustees monitors the reserves quarterly and takes appropriate action if
reserves fall outside the desired range.

Bodhisattva KMC Annual Trustees Report and Accounts
Rlsk revlew
The Trustees have conducted their own review of the major risks to which the charty is exposed and systems
have been established to mitigate those risks. Internal risks are minimised by the implementation of
procedures for authorisation of all transactions and events and to ensure consistent quality of delivery for all
operational aspects of the charity. These procedures are reviewed periodically to ensure that they still meet
the needs of the charity.
Plans for the future
Due to the popularity of the Centre and its charitable activities, we are starting to investigate expansion of
both our meditation rooms, expanding ground floor public space and adding more course guest
accommodation.
STRUCTURE GOVERNANCE AND MANAGEMENT
Organisational structure and management
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. Bodhisattva KMC was incorporated on 4th March
1992 and registered as a charlty on 25th 3anuary 1993. Bodhisattva KMC was established under a
Memorandum of Association, which describes the objects and powers of the charitable company; it is
governed under its Articles of Association.
Under those Articles, the Trustees are elected by the members. The Members have guaranteed to contribute
a maximum of £1 each in the event of the company being wound up.
All members of the Trustee Board give their time voluntarily and received no benefits from the charity.
Recruitment, appointment, induction and training of trustees
The Trustee Board has established procedures for recruiting and supporting trustees, as follows:
Every candidate for election as a Director must be a Member; must have read. understood entirely and
accepted the Internal Rules; and must be nominated by two other Members. No Member shall take part in
the nomination of more than one candidate.
Nominations must be made in writing, and must:
- State the details that the Charity would have to file at Companies House rf the candidate were appointed as
a Director; and
Be signed by the Members making the nomination; and
Be signed by the candidate, to show his willingness to serve.
Nominations must be given to the secretary at least fourteen days before the date of the AGM.
New trustees are briefed on their major duties, which are the following:
quietly taking an interest in the running of the Centre, especially major projects and developments, while
delegating the
day-to-day management of the Centre to the Administrator and maintaining good communication with the
Administrator for this purpose;
scrutinising financial summaries such as the Annual Accounts for any entries causing concern or requiring
clarif ication;
and
if it found that something was seriously wrong at the Centre, being ready to confer with fellow Trustees with
a view to taking action as a Board.
Governance and declsion-making
The Board of Trustees governs Bodhisattva KMC and meets not less than one time per year to discuss and review
strategy, planning, development and financial matters. Day-to4ay management of the organisation is delegated
to the Administrative Director. She is managed by the She is managed by the Secretary of the General Spiritual
Director of the tradition, who advises all the Kadampa Meditation Centres in the tradition.

Bodhisattva KMC Annual Trustees Report and Accounts
STATEMENT OF TRUSTEES, RESPONSIBILITIES IN RELATION TO FINANCIAL
STATEMENTS
The charity trustees (who are also the directors of the Charity for the purposes of company law) are
responsible for preparing a trustees, annual report and financial statements in accordance with
applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted
Accounting Practice). Company law requires the charity trustees to prepare financial statements for
each year which give a true and fair view of the state of affairs of the charitable company and of the
incoming resources and application of resources, including the income and expenditure, of the
charity for that period.
In preparing the financial statements, the trustees are required to:
select suitable accounting policies and then apply them consistently;
observe the methods and principles in the Charities SORP (and related regulations);
make judgments and estimates that are reasonable and prudent;
state whether applicable UK accounting stsndards have been followed, subject to any
material departures disclosed and explained in the financial statements;
prepare the financial statements on the going con￿rn basis unless it is inappropriate to
presume that the charity will continue in business.
The trustees are responsible for keeping proper accounting records that disclose with reasonable
accuracy at any time the financial position of the charity and to enable them to ensure that the
financial statements comply with the Companies Act 2006. They are also responsible for
safeguarding the assets of the charity and the group and hen￿ taking reasonable steps for the
prevention and detection of fraud and other irregularities.
Approved by the board
Name .
NIKoL.As
Signed .
Date.....

Bodhisattva KMC Annual Trustees Report and Accounts
Independent Examiner's Report to the Trustees of Bodhlsattva KMC
This is a report on the accounts of Bodhisattva KMC for the year ended 31 December 2023, which
are set out on pages 8 to 12.
Respective responsibllitles of trustees and examlner
The charity's trustees are responsible for the preparation of the accounts. The charity's trustees
consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the Charities
Act) and that an independent examination is needed.
It is my responsibility to:
examine the accounts under section 145 of the Chartties Act,
to follow the procedures laid down in the general Directions given by the Charty Commission (under
section 145(5)(b) of the Charities Act), and
to state whether particular matters have come to my attention.
Basis of independent examiner's report
My examination was carried out in accordan￿ with relevant general Directions of the Charities
Commission. 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 consideration of any
unusual items or disclosures in the accounts, and seeking explanations from the trustees con￿mIng
any such matters. The prO￿dureS undertaken do not provide all the eviden￿ that would be
required in an audit, and consequently no opinion is given on whether the accounts present a "true
and fair view,.
Independent examiner's statement
In the course of my examination, no matter has come to my attention:
which gives me reasonable cause to believe that in any material respect the requirements:
to keep accounting records in accordance with Section 44(1) (a) of the 2005 Act and
Regulation 4 of the 2006 Accounts Regulations
to prepare accounts which accord with the accounting records and comply with Regulation 8 of the
2006 Accounts Regulations have not been met, or
to which, in my opinion, attention should be drawn in order to enable a proper understanding of the
accounts to be reached.
Signed
Date
18109124
Alistair Jenkins
14 Shiels Drive, Filton, Bristol.

Bodhisattva KMC Annual Trustees Report and Accounts
(A Companv Llmlted bv Guarantee not havinq a Share Capltal)
STATEMENT OF FINANCIAL ACTIVITIES
For the year ended 31 December, 2023
2023
2022,
Nots8
Unrestricted
, Funds
Income from:
,Voluntary income
ActllAties fr)r generating funds
Charitable actlmties - Accommodation
Charitable actilities - Education
207,364
31,669
130,023
65,852
14,390
23,096
130,204
63,218
Total Income
434,908
230.908
Expenditure on:
Charitable actlmties
Support actilAties
193,336
11.181
197,(X)4
11,770
Total Expendll￿re
204.517
208.774
Net (Expen*) I Income for the Year
230,391
21134 ,
RECONCILIATION OF FUNDS
Funds brought t)rward
Unrestricted fvnds
761,6011
739,467
Net (Expense) I Income for the Year
230,391 1
22,134
Funds Carried Forward
991,992
761,601,
The accompanying notes on pages 10 - 12 form part of these financial statements.

Bodhisattva KMC Annual Trustees Report and Accounts
(Companv Llmlted bv Guarantee not havlnq a Share Capltsl)
BALANCE SHEET
As at 31 December, 2023
2023,
2022
Nots8
Unrestrict&J .i_-
Funds
Unrestricted
Funds
FIXED ASSErs
Tangible Assets
638,180
635,916
CURRENT ASSErs
Cash at Bank
Debtor5
,Stock
238,832
200,CX)O
7,647
200,798
7,647
446.479
CREDITORS
Amounts falling due within one.year
35 693
35,693
NEf CURRENT ASSErs
1,044.061
CREDITORS - Amounts due after one year
, Bank Loans
263,843 ,
282,460
263.843
282,460
NEf ASSEfs OF THE CHARITY
991.￿2
761.601
FUNDS OF THE CHARITY
Unrestricted Income Funds
991,992
761.601
TOTAL CHARITY FUNDS
991,992
761.601
The accompanying notes on pages 10 - 12 form part of these financial statements.
For the year ending 31 December, 2023 the company was entitled to exemption from audit under section 477 of the Companies Act
2006 relating to small companies. The members have not required the company to obtain an audit of its accounts for the year in
accordan￿ with section 476 of the Companies Act 2006.
The Directors (Trustees) acknowledge their responsibility for complying with the requirements of the ACA 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 the small companies regime.
Approved by the board:
Name & position .
IIKoL.¢s .J*.AtrS Signed.... .. ...
Date..
!f/01/iF

Bodhisattva KMC Annual Trustees Report and Accounts
NOTES TO THE FINANCIAL STATEMENTS
ACCOUNTING POLICIES
Basis of Preparation
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 aGrordance with the Financial Reporting Standard applicable
in the UK and Republic of Ireland (FRS 102) (effective 13anuary2019)', 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 commrtting 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.
Computer equipment
Plant and machinery
Freehold propety
Improvements to propety
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow
moving items. Stock represents items which have been purchased for resale and not yet sold. this is the stock available
at the reporting date in the on site shop. The stock is valued at the lower of cost and net realisable value.
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.
33 % on cost
25 % on cost
None
10% on cost
2. NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging:
Accountancy
Depreciation - owned assets
2023
250
2022
250
10 027
10

Bodhisattva KMC Annual Trustees Report and Accounts
NOTES TO THE FINANCIAL STATEMENTS
3. TRUSTEES, REMUNERATION AND BENEFITS
There were no trustees, remuneration or other benefits for the year ended 31 December 2021 nor for the prior year.
There were no trustees, expenses paid for the year ended 31 December 2021 nor for the prior year.
4. STAFF COSTS
The average monthly number of employees during the year was as follows:
2023
2022
Centre Staff
No employees received emoluments in excess of £60,000.
5. LOANS AND DONATIONS TO KMC ORGANISATIONS
The charity makes available loans to other meditation centres in line with its charitable objectives to the wider Kadampa
Buddhism community. These amounts were loaned under agreement and are both interest free and repayable on
demand.
As at 31 December 2023 loans with the value £200,000 remained outstanding (2022: £200,000.)
6. FIXED ASSETS
Property_...--.
Property
Improvement
Plant and
Machinery
Computer
Equipment
TOTAL
COST
As at 111212023
Additions
As at 3111212023
627,456
10.054
62.274
703,145
4.360
707.505
627,456
10,054
66,634
3,361
DEPRECIATION
As at 111212023
Depreciation charge for year
As at 3111212023
1,594
1,005
2,600
62,274
1,090
63,364
3.361
67.229
2,095
69,325
3.361
NEf BOOK VALUE
As at 111212023
627,456
8,460
635.916
As at 3111212023
627,456
7,454
3,270
638.180
11

Bodhisattva KMC Annual Trustees Report and Accounts
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
2023
2022
Debtors
, Trade debtors
Amounts owed by related party undertakings
, Prepayments / other items
798
200,000
200,000
200, 798
200,000
2023
2022
Creditors falling due within one year
Bank Loans
Other creditors
29,943
5.750
35,693
29,943
8.391
38,334
2023
2022
Creditorn falling due over one year
Bank Loans
263,843
263,843
282,460
282,460
In December 2023 the centre received a very generous gift from a sister KMC centre of £189.993. This mean that in
January 2024, Bodhisattva KMC were able to repay the Natwest bank mortgage in full.
12