R•ilst*r•d numb•r 02828912 chIr numb•r 1025CIJ3 Kadampa Medltatlon Centre Blrmlngham (a company limlted by guarantee) Unaudlt•d trust•es' report •nd flnanclal statements For th• y•ar •nded 31 December 2023
Kadampa Meditation Centre Birmingham (a company limited by guarantee) Contents Page Reference and administrative detai15 of the charlty, Its trustees and advlsors Trustees, report Independent Examlners Report Statement of financlal actlvitles Balance sheet Notes to the flnanclal statements 7-11
Kadampa Meditation Centre Birmingham (a company limited by guarantee) Trustees Simon Holder (Resigned 22 July 20231 Amanda R Day lappolnted 27 September 20231 Nlcholas S Hero (appointed 22 July 20231 Perwinder Kaur (appointed 21 July 20231 Jennifer J Andrews IResl8ned 27 October 20231 Jacquellne O'mahony (Reslgned 22 July 20231 Hannah C Fllnt lappolnted 7 January 20221 Company reglrtered number 02828912 Charlty re8lstered number 1025003 Re8lster¢d office 44 81ucher Street Blrmlngham Bl Icil
Kadampa Meditation Centre Birmingham (a company limited by guarantee) Trustees, report The Trustees (who are also dlrectors of the charlty for the purposes of the Companies Actl present thelr annua5 report together with the financial statements of Kadampa Meditation Centre Blrmin8ham (the company) for the year ended 31 December 2023. The financial statements comply wlth the Charltles Act 2011, the Companles Act 2006, the Memorandum and Artlcles of A550ciation. and Accountlng and Reportin8 by Charities.. Statement of Recommended Practice applicable to charities preparlng thelr accounts In accordance wlth the Flnanclal Reportln8 Standard appllcable In the UK and Republlc of Ireland IFRS 1021 (effective l January 2015). In preparin8 this report the trustees have taken advantage of the small company exemptlons provided by section 415A of the Companles Act 2006. Constltutlon The company15 registered as a charltable company limlted by guarantee and Is a reglstered charlty number 10251)03 The principal object of the company Is to promote and follow the pure tradltion of Mahayana Buddhist derlved from the 8uddhist Medltator5 and Scholars Atlsha and Je Tsongkhapa, as introduced into the West by Buddhist teacher Venerable Geshe Kelsang Gyatso, and to always remain a member of the Buddhist Union {N-1KBU} and always follow and att In accordance wlth the internal rules of the NKT-IK8U Governlng do¢um•nt Memorandum and Articles of A550ciatlon dated l June 1993 as amended by resolution dated 29 March 2007 and by speclal resolution dated 17 November 2020 Revlew. achlevement and publlc beneflt statement Throughout 2023 Kadampa Meditation Centre Blrmingham provlded meditation classes and In depth study programmes to the people of the local area. Having moved into new premlses at 44 Blucher Street, Birmin8ham 81 IQJ in the latter part of 2022, 2023 saw the steadv development of the centre and a corresponding Increase in course attendance Throughout thls tome our Foundation Programme and TeacherTrainin8 Programme classes continued to flourish and the practitioners on these courses contlnued to deepen their understanding and prattice of Kadampa Buddhism, The centre Is developing new teachers of Kadampa Buddhism who wlll hopefully enable the centre to serve more people as time progresses.
Kadampa Meditation Centre Blrmlngham (a company limited by guarantee) Truste•s' Nport eont_ Through 2023 we ran branch c1355es In Sutton Ctsldfield and Sollhull whi¢h becarne increasingly popular as the yeaT pru8re55ed. Our Centre cla55es also increased in popularlty as the yeor progTe55ed. ThSs was In part aided by the development of a new website as well 35 improved promotions but reflected ar Increased Interest In medltstion in the 8imiin8ham arèo In January 2023 we were dell8hted to welcome Kadam 8rtd8et Heyes, the Natlon•l Splritual Dlrertar of the UK and Ireland to teach g wonderful public talk which was very well recelved. In March 2023 wt ran a very suceessful day tourse wlth vlsltln8 teècher Gen Kelsanl Rabten- Natlonal Splrltu•l Dlr•ctor of Austr4114. In Apill 2023 we r¥n # beautlful Maltrèya empowerment granted by our Resident Tèa¢her. Thls w•s very well attended by the core communlty os well as others and provlded a mu¢h Jppreclated opportunlty for the communlty, new 4nd old to come together. We rIntrOdud the Ilvestreamln8 of classes to members In Aprll 2023 whlch made the ¢lèsse$ even more accesslble to petsple In the are and contlnut to be an appeallna aspect of membership. Over the Summer, we hosted a serles of 3 publlc t•lks wlth vi51tlng tacher5 Gen Kelsan8 Norden from KMCGeoT8la, Gen Kelsan8 Lekma from KMC Southampton and Kadam Adam Starr from Tara KMC Dublln. These events proed a wonderful opportunlty for p•ople to be Introduced to medltatlor prattice and were thoroughly appre¢lated by those who attended In Au8USt 2023 we ran • very successfvl sponsored walk whlch ralsed funds forthe development of Dharma In the area. Over the year, we held 3 very popular weekend fetreats, led by our Resldent Teacher Gen Kern& Ltksang And hosted by Nagarluna Kadampa Medltatlon Centre In Thornby, Northampton$hlrt. These provlde people with a 8reat opportunlty to re5ax In the qulet surroundln8s of the centre and deepen thtlr experlence of Buddhlst medltatlon. In September 2023 we welcomed vlsltln8 teacher Gen Kelsani Khtho8 who taught 4 beautmul hatf day course. In October 2023 we fan a day COLtrrse wlth retlred G•neral Splrltual Dlrertor and Natlonal 5plrltual Die¢tor of Canada, Gèn.la Kelsan8 Khyenrab Th15 event was attended by over 100 people and w35 much appreclated by all. We also took the opportunlty to celtbrate 30 yiirs of Kadampa MidRatlon Centre Blrmlngham at thls event. In December 2023 we received a beautiful empowerment ol Valrapanl from our Resldent Te3¢her Gen Kelsan8 Lek5an8 and ended the year n6cely wlth very popular sFlent day retreat and new yeals eve event, Movln8 Intu 2024 the classes attendances are contlnuln8 to Increase at the Clty Centre and also at our branch venues lfi Sollhull, Sutton Coldfleld and Wolverhampton. We are also seeln8 an inerease In requests for school vlslts and workpl•ce vlsits. Th15 demonstrates a 8reat need and Interest In medkatlon In the Blrmin8ham area and we100k forward to growlng and beSn8 able to beneflt more people by providln8 an Increaslng numbtr of courses In the tomln8 monihs and years, Durln8 2023 a number of vèry klnd volunteers a5$1sted our Resld•nt T•a¢hef Gen Kelsan8 LeksJn8 wkh the edvcatlon progrjmme and our Admln Dlrrtor Kelsaftg Lhasang a$515ted by several volunteers with the administrotion of the centre. We are continuing to Inease our volunteer b8se throu8h 2024 ond trope to welcome more fÈ8ular weekly volunteers to support existin8 actNltles and so that we are able to start new classes In drfferent parts of the area and increase our activftles at the centrè. V Order of the 804rd Pewnder Kaur 21 july 2024
Re8iStered number 02828912 Charlfy number 1025003 Kadampa Meditatlon Centre Blrmlngham (a company limited by guarantee) Independent Examlner5 Report to the Trurt•e5 01 K•d•mp• Modlt•tlon Centre Jlrmlnsham I report on the accounts of the company for the year ènded 31 December 2023. Rojpoctlvg mpon•lbiini•• of tru8leefj and exarnln•r The trustees (who are ailo the dlrectors of the company for thè purpose5 of company lawl are responsible for the preparatton of the accouAts.The trustees conslder that an aLbJlt 5$ not required for thls year under settion 144 of the Cttarltles Art 2011 (the Charltles Actl and that an Independent examlnation Is needed, It ts my reswnsibillty to: . examlne the account$ under sertlon 145 of the Charltles kL' . follow the procedu$ lald down in the General Dlrectlon5 Blven by the Charlty Cornmlsslon (under sectlon 1451Sllbl of the Ch¥rltle5 Art and to: , state whether p•rtkul•r m•tters have come to my attentlom. B•51J of Indep•ndent •x•mln•rfs r•port My examlnatlon was carrled out In accordance wlth the General Dlrectlons ilven bv the Charlty Comm1551on. An examlnatlon IludeS a eW of the accountlng records kept by the ¢harlty and a comparlson of the accounts presented wlth those records. It also Includes Conslderdtlon of any unusual Items or d15dosures in the accounts, and 5eekln8 explanations from you as trustees concernin8 any such matters, The pr¢xedures un¢Jertaken do not prcwide all the evldence that would be requlred In an audit and consequently no opinion Is glven as to whether the accounts present a.true •nd fair VIe and the report is Ilmlted to those matters set out In the 5t¢ment below, Indepndnt ex•mln•rfi stst•rn•nt In connoctlon wlth rny ex•mln•tlon, no rnatter has come to my •ttention to Indlc•te that: - aecountlng records have not • kept In actordance wlth settion 386 of the Companles Act 2006 . the accounts do not accord wlth such records.. - where accounts are prepared on an accruals basls, whether theyfall to cOmY with relevant aCcntIng requirements under sectlon 396 of the Companies Art 2006, OT are not conslstent wtth the Charftles SORP IFIiS 1021 Joanne Watkln BA IHon51 FCA Purple Cat Accountancy Llmlted 87 High8ate Road Walsall West Mldlands WSI 3JA 21 July 2024
Kadampa Meditation Centre Birmingham (a company limited by guarantee) 5t•tèm•nt of1Sn•rti•l artivlti•s ¢or the year ended 31 f)ttomb•r 2023 Ilncorpor4tlni Inc4%n• and eXndIre a(count) Not• Gnernl fvnd Restrf¢ted lund Total funds 2023 1022 In¢ome Donations and 8rants haiitable actFvltles Other tradin8 artlvitles 8,213 91,374 8.725 ,213 91,374 8.725 3,653 49,526 1,494 Totsl Iheom• 108,312 108,312 54,673 Exp•ndltur on: Ralsln8 funds Charltable a£tivltles 7,039 111,330 7,039 111,371 1.383 140,989 41 Totsl •¥p•ndfture 118,369 41 118,410 142,372 P4•t IpendItUr•I 110,057) 1411 110,0981 187,6991 Bl•nc• bfouiht forwrd t l Jnu*ry 2023 io 216,774 1.418 218.192 305,891 8ahnc• c•rrf•d forw•rd •131 D•c•mb•r 2023 io 206,717 1,377 208.094 218,192 The not•s form part of these finJncl81 statement5
Kadampa Medltation Centre Blrmingham (a company limited by guarantee) R•8lstered numb•r 02828912 thgrlty number 1025(¥JS b•lanu sheet as rt 31 Decemlxr 2023 Notes 2023 2022 Flxed ass•ts Tanglble fixed 3ssetS 696,114 704,595 Current ass Stocks Oebtor5 C4sh at bank and In hand 4,287 2.881 23,263 3,676 2,224 38,786 Total currènt assets 30,431 44,686 Cr•d0. •mounti l•lllni du• wlthln on• y••r 112,9411 114,6261 Nèt currwrt Isx•ts 17,490 30,060 Tot•1 ws•ts less Current IlbSlltl•J 713,604 734,65S CredFtvrs: •mwnt$ 10151 du• •ft•r mor• th•n tsn• y••r 1505,5101 1516,4631 N•t •sMts 208,094 218.192 Rpr•Mntsd Funds Unrestrlrted general f¢Jnd Rslrlrted f¥Jnd io io 206,717 1,377 216,774 1,418 208,094 218,192 The company was ntltlÈd to exemptlon from audft under 9477 of the Comp?nles Act 2006 relatlnB to small comp•nle5 No members have requlred the company to obtaln an audlt of Its accounts for th• yèèr In questlon a¢eord8nce with sectlon 476 of the Companles Act 2C•J6 The director5 a¢knowled8e thelr responsibility for comptylng wlth the requirements of the Companles A¢t wlth respect to accountln8 records and for the preparatlon of accounts These accounts have been prepared in accordance wlth the provlslons appllcable to companles sublert to the small ¢ompanles' re8lme and in ac¢ordan¢e wlth FR5102 SORP Approved by the board on 21 Juty 2024 and slgned on its behalf by Perwlnder Kaur Dlrecior
Kadampa Meditation Centre Birmingham (a company limited by guarantee) Il¢)tes to thi attounts Yr ended 31 Dqc•mb•r 2023 l. Basls oltttountlng These accounts have been prepared under the hlstorlcal cost ¢onventlon wlth Items re¢o8nlsed at C05t or transactlon value unless ststsc In the relevant nDtel51 to these accounts. The accounts have been prered In I¢rdance wfjth the Statement of Recommended Pra¢tlce: Accountln8 And Reportln8 by Charltle¢ preparSng thelr accounts In accordance wlth the Flnandal Reportln8 Standard appllcabl• In the UK and Rèpubllc of Ireland IFRS 102. and wlth the Charltits Act 2011 2. A¢¢oyntlni poll¢hs A•¢nItIon of In¢om• Incomt Is Included In the Statement of Flnonclal Attlvltles ISOFAI when - the charlty becomes entStled to the resources - the monetary va14Je ¢Jn be measured wlth sufficlent rtllabll Tax v•d•STrA on don•tlons •nd illts Glft Ald recelvable Is Included In Income whn there15 valld declaratlon from the donor, Any Glft Ald arnounl recovered on a donatlon Is consldered to be part of that 81ft and 1$ treated as an addltlon to the same fund a$ tho Inltl?I donallon. Incom• ITOM Int•r•rt Thls Is In¢luded In the account5 when receSpt is probable and the amount receNable can be measured fellablv In¢pm• Irom m•mb•rthlp Mtmbershlp subscr¢ptions iecelved In the nat(tre of a 8ift are feco8nlged as donatlons Cr•dtto 7he ¢h•rlry h•s ¢r¢dkors whlch are measured at settlement mount T•n8lbl• ftx•d •M•ts Th•se ar• lued at cost )nd depreclated at the followln8 rates.. Freehold b¥rld5rsgs Flxtures and fittin8S Office equSpment 1% stral8ht1Sne 25% reducln8 balance 25% stralght line Stock5 a measured at rht It)wer ol cost and net reallsable value Debtors Debtors ore measured on Initlal reco8nltlon at settlement arnount; subsequentty they are measvred at the cash or other con5ideratigr èxp¢ttèd tu be rètÈNed.
Kadampa Meditation Centre Birmingham (a company limited by guarantee) Notes to the a¢counts year ended 31 December 2023 3. Income 2013 2022 Donatlon5 and grants Donatlons Ilncludlng tax recoverable) Grants 8,213 3,653 8,213 3,653 Chjfftable 8¢tlvltJes Accommodation Courses Shop and cafe sales 9,399 76,272 5,703 10,350 36,254 2,922 91,374 49,526 Other tr•dln8 artlvltles Fundralslng and other in¢ome 8,725 1,494
Kadampa Meditation Centre Birmingham (a company limited by guarantee) Notes to the accounts year ended 31 December 2023 4. Expendltufe 2023 2022 Expendlture on ralslng funds Fundralsin8 Publicitv 96 1,287 7,039 7,039 1,383 Expendlture on chjrltsble artlvlt1•5 Utilitles and household Rent and servlce charges Insurance Loss on disposal of assets Educatlon and courses Gompa Sponsorshlps Repalrs and renewals Branches Shop and café cost ol sales Adminlstratlon Motor and travel Telephone Wa8es and salary costs Accountancy Bank charges Professional fees Loan Interest Property depreclatlon Fixtures and fittings depreciatlon Qffiee equlpment depreciation Vehicle depreciatlon 14,197 4,708 771 15,091 23,844 831 1,278 497 1,667 19,188 29,344 3,588 1,833 5,761 1,911 1,255 16.988 4,754 499 4,482 9,083 9,498 5,769 492 1,482 1,965 307 25,630 7,028 2,414 49 536 1,020 1,172 7,557 io,ooi 8,475 2,946 445 111,371 140,989
Kadampa Meditation Centre Blrmlngham (a company Ilmlted by guarantee) t40ths to th• ¥¢¢ounts yr pnd•d 31 Dtt•mb•¢ 2013 5. Fl¥¢d •H•ts Fr•ehold Fl¥wm•nd Offie• pry>peity Fthlnp equlpment Totsl Cost balance brouiht ts4rd •t i lanulry 2023 . AdditlDns Disposals 8alanc• carreO forward •t 31 DKember 2023 702.782 20,650 81S 4,191 195 727,623 I,oio 702.782 21.465 4.386 728,633 D•w•¢litloft 8?lan¢• brou8ht forwvd it l January 2023 Char8e lor ihe year Releastd on di5P05al 8alanc cathed forward •t 31 Dttember 2023 7,028 7.028 11,8C 2,414 4,191 49 23,028 9,491 14,056 14,223 4.240 32,519 Net book v•lue •t 31 December 2023 688,726 7,242 146 696,114 book v•lue at 31 O•cemb¢r 2022 695,754 704,595 i. Stock 1022 Goods h•ld for r•J•lo 4,287 3,676 7. D•btorn 2022 Olherdebtors 2,881 2,224 2,881 2.224 •. Cr•dltory: •moynts f•ll1 du• Twfthln on• y••r X 2022 Bank loans Other ¢redltors 10,953 1,988 10,262 4,364 12,941 14.$2S Th¢ nk loan Is secured by •1•4al charge dated 23 Augurt2022 over the freehold propetfyto whichthe loan relate
Kadampa Meditation Centre Blrmlngham (a company limSted by guarantee) Noies to the tyttounts y•w•ndod 310Kemb•r 2025 9, Cr•dltoN.' •m¢urts falllrydue In more thBn oneye•r 7023 BaTrk lojn Othèr lo•ft 37S.510 130.OC#) 386863 130.0 505,510 S16,463 The loan1$5e¢ured by i leyl ¢hor8e d¥ted 23 Au8u5t 2022 ov•rth• freeho property 1¢ whth th¢ In rel•t•5 10. Funds l¥nc• It YI D•¢•mb*r 2023 lJ•nu•ry ZOZJ Total un¥¥gtd¢t¢d funds 216.774 1118,369 206,717 A•5cl•d fund 1,418 1411 1.377 Tof•l r•rtrfth fvnd Totll fvr 218 192 108.312 118 410 208.094 11. F••$ lor •x•fflln•tlon olth• •ttounts 1021 Inilependeng tx•mln•li1tts li