COMPANY NUMBER: 02828912 (England and Wal•s) Registered Charity Number: 1025003 TRUSTEES REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 FOR KADAMPA MEDITATION CENTRE BIRMINGHAM (A c¢)mpany limited by Guarantee) *AFx01•
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I(ADAMPA MEDITATION CENTRE BIRMINGHAM (Reg No: 02828912 CONTENTS OF THE FINANCIAL STATEMEKrs FOR THE YEAR ENDED 31 DECEAIBER 2025 Pago Report of the Trustees Rèport of Independent Examiner Statement of Finanoal Activities Balance Sheet Notes to the Financial Staternts
KADAMPA MEDITATION CENTRE BIRMINGHAM (Rog No: 02828912) REPORT OF THE TRUSTEES FOR THE YEAR ENDEO 31 DECEMBER 2025 REFERENCE AND ADMINISTRATIVE DETAILS Registered Company Number 02828912 (England arKJ YaleS) Registered Chafity Number 1025W3 Registered Office 44 Blucher Street Blrmlngham B1 1QJ Independent Examinar: Alistair Jenkins FCA Company Seer•tary: TraY Oliver-walsh (appointed 1 July 2025) Betsy Bradley (appointed 19 FeUary 2025. resigned 1 Juty 2025) Janet Richardson (appointed 28 September 2024. resigned 19 February 2025) Hannah C Flint (resigned 27 September 2024) Trustees: Amanda R Day (appointed 27 Sept 2023) Nicolas S Hero (appointed 22 July 2023) Perwinder Kaur (appointed 21 July 2023) The TTUStees (who are also directors of the charity for the purposes of the Companies Act) present their annual report together with the financial statements of Kadampa Meditation Centfe Birmingham (the company) for the year erKled 31 December 2025. The financial statements comply with Charities Act 2011. the Companies Act 2006, the Memorandum and Articles of Associalion, and Accountirg and Reporting by Charib'es.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of IrelarKI (FRS 102) {effeciive 1 January 2015). In preparing this report the trustees have taken advantage of the small company exempts'ons provided by séction 415A of the Companies Act 2006. STRUCTURE. GOVERNANCE AND MANAGEMENT Constitutlon The company is registered as a charitable company limited by guarantee and is a registered tharity number 1025003. The principal object of the company is to promote and follow the pure tradition of Mahayana Buddhist derived from the Buddhist Meditators and schdars Alisha arKI Je Tsongkhapa, as introduced into the West by Buddhist teacher Venerable Geshe Kelsang Gyatso. and to avaYS rernain a member of the Buddhist Union {NKT-IKBU) and aws follow and ad in aOrdanCe with the irrtemal rules of the NKT-IKBU Page 1
KADAMPA MEDITATION CENTRE BIRMINGHAM (Reg No: 02828912) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2025 Governlng docum•nt This is the Memorandum arKI Artsdes of Association dated 1 June 1993. as affnded by resolution dated 29 March 2007 and by special resolution dated 17 November 2020. R•vl•w, achlevemont and publk b•n•fft ststThnt During 2025 the sy'ritual sxo9ramme continued to grow and improve. Branth dasse8 in Solihull. Stirchley,. Sutton Coldfield and Wolverhampton were well attended. These dasses peaked at the start of 2025 with over 115 people attending some iyanch dasses. These dasses function to make Kadam Dharma accessible throughout the West Midlands region. The centre held away retreats at Tara Intemational Real Cerrtre and Nagariuna Kadampa Meditation. Centre. These provided the opportunty to engage in longer retreats and deeper spiritual practice for the communty. The Centre hosted spKial everts with retired General Spiritual Director. GeTrla Kelsang Khyenrab, UK National Spiritual Director. K8d8m Bridget Heyes and Resldent Teadw of Compassion KMC, Gen Kel8ang Norden. All events were very successful and well attended. The centre activiiies continue to be Swported by centre managers and a lar90. dedicated group of volunteers. Plans ntInUe in 2028 to further improve attendanco at the nditaiion centro arKI make Kadam Dham available in further areas of the West Midlands. By order of the Board Perwlnder Kaur 11th April 2026 Page 2
KADAMPA MEDITATION CEMfRE BIRMINGHAM (Reg No . 02828912) INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31" DECEMBER 2025 I report on the a¢¢ounts of Kadampa Meditalion Cents Bimiintham. for the year ended 31 December 2025, as per pages 4-8. Rg$po¢tivo TpOnsIbilItIeS of the Trustee8 and the Indopondont Exarnlnaf As Trustees you are responsible for the preparation of the financial statements: you consider that an audit is not required under Section 14412) of the CtArities Atx 2011 (the 2011 Act) and that an independent examination is needed. It is my responsibility to.. 8) Examine the accounts under section 145 of the 2011 Act. bl Follow the procedures laid down in the General Oirecliorts given by the Charity Commissioners under Section 145(5)b of the 2011 Act: and c} State whether particular matters have come to my attention Basls of thls report My examirFation was carried out in accordance with the General Dirertions given by the Charity Commission. An examination indudes a reviwH of the accounting records kept by the charty and a comparison of the accounts presented those records. It also indudes 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 opinton is given as to whether the accounts present a Irue and fair and the report is limited to those matters set out in the statement below. Indop8nd•nt amIner'S statsment In connection with my examination, no matters have come to my attenlion to indicate that.. - accounting records have not kept in accordan with sedion 386 of the Companies Act 20C - the accounts do not accord with such records.. where accruals basis is used, whether they fail to comply with relevant accounting requirements urKler section 396 01 the Companies Act 21x16, or are not conSist with the Charittes SORP (FRS 102} Signed Dats 25 1 03 12026 AIF8tair Jonkins - Independent Examiner 14 Shiels Drive. BRISTOL, BS32 8EA. Page 3
KADAMPA MEDITATION CENTRE BIRMINGHAM (Reg No: 02828912) STATEMENT OF FINANCIAL ACTMTIES FOR THE YEAR ENDED 31 DECEhlBER 2025 General Reslr fvnd Total 2025 thjnd 2024 Income Donations and Grants Charftable activitseg Aco)mrTr)dafjon Educafjon Shop and café Other income 5.555 20274 86.556 20274 98.$56 22.564 96,844 7.118 1,052 Total income 129fi32 1ts.632 133,133 Expenditure Raising tunds Charitable acbvifies 8.451 103.699 8.451 103.699 7.829 112.394 Total expendilure 111150 111100 120J3 Net ¥urplua l (defKft} 17182 17A82 12910 Opening Balan (1112r2025) Clojing Balance (31112r2025) 219.627 237,109 1.371 221.004 208.094 13TI 238m 221,1)04 The notes form part of these financial statements Page 4
KADAMPA MEDrrATION CENTRE BIRMINGHAhl (R•g No: 028289121 BALANCE SHEET AS AT 31 DECEMBER 2025 Notes 2024 Flxed assets Tan8lbleflxed assets CurreDI Assets Slocks Debtors Cash at bankand in hand Totalcurrent assets 702.361 2.282 26.753 24.685 Credltors: amountstalungdue hltNn one sear .10.943 Net currefit assets 723 Totalassets less current Uabllltles 732.304 726.S14 Credltors: amountslaulngdue after nmxe than0nesl -493,818 -S05,510 Net assets Represented by Unrestrlcted generalfund Restrlcledlund 237.109 1.377 219.627 1,3TI TOTAL FUNDS The charitable company 15 ents'uad trj exempkn from a1 under SeclK)n 477 ofth? Coffpanies Act 201 for the year ended 31 December 2025. The members have not requir the charitable company to obtain an audtt of its financial ststements for the year ended 31 December 2025 in accord with Se¢1m 476 ofthe Companies Act 2008 The director5 {who *e trustees) xknowledge their reswnsibilty for eomptying with trte requirements of the Companies Act with respect to accounltng refx)rds and for the prepaTaltr)n of acco¥Jnts. These acC4nts have been prepared in accord8n¢e wlth ts provh8ions aprAble to companies subject to the sffoll compan$, and in accorda with FRS102 SORP. These finan¢lal statements were apwoved ty the Board ofTrustees wd were sigrA on Its behall by,. Signed.. 11 1 04 126 Nick Hero- TNSt The notes fom part of these financial Statements Page 5
KADAMPA MEDITATION CENTRE BIRMINGHAM {R•g No: 028289121 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 ACCOUNTING POLICIES Basi8 of preparlng the financial statemonts These accounts have been prepared under the historical cost convention with items recognised at Cost or transaction value unless ststed in the relevant note(s) to these aoUntS. The accounts hav8 been prepared in accordance thè Statement of Recommended PractiC8: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) arKI with the Charities Act 2011. Incomlng Rosourcos All incoming resources are induded on the Statement of Finanoal Activities when the charity 1$ legally entitled to the income and the amount can be quantified with reasonable accuracy. Gift Aid receivable is included in income when there is valKI dedaration from the donor. Any Gift Aid amount recovered on a donation is considered to be part of that gift and is treated as an additsi)n to the same fund as the initial donation. Tangible Fixod Aets Depreciation is provKled at the folknvtng annual rates in order to write off each asset over its estimated usèful life.. Fixtures & Fittings Office Equipment Buildings 25% on reducing balance 25% straigm line 1% straight line Stock8 Stocks are valued at the lower of cost and net realisable value, after making due allowance for ObSet8 aThd slrMT moving items. Taxati¢)n The charity is exempt from Lix on its charitable activlties. Fund Accounting Unrestricted funds can be used in accordance with the charitabie objectives at the discretion of the Trustees. Restricted fvnds only be used for parlicular restricted purposes within the objects of the charity. Restrictions arise when SpeCrfl by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of eath fimd is included in the notes to the financial statements. TRUSTEES. REMUNERATION AND BENEFITS There were no Twstees. remun&ration or other benefits (IndlIfig trustee expenses) during the year. Page 6
KADAMPA MEDITATION CENTRE BIRMINGHAIA (Reg No: 02828912) NOTES TO FINANCIAL STATEMENTS- CONTINUED FOR THE YEAR ENDED 31 DECEMBER 2025 Fixed agsets Freehotrj Fixture¥ and property Fitting• Total Cot Balance broughtforward at l January 2025 Additsons Dist¥>sals Balan camed foThYard at31 Decenthr 2025 702.782 23569 4.386 730.737 702.782 25.369 4.386 732137 DepreCI10n Balanc£ brought brward at1 January 2025 Charge fj)rthe al Released Ba]ani2 carried bMard at31 Derthr2]25 16.560 4.386 20.946 2202 9230 7.028 7.028 18.762 4.386 30,176 Net book value at 31 Deeember2025 Net book value at 31 tlecentsr 2024 695.754 702.782 6N7 7.010 0 702261 0 709,792 2025 2024 4. STOCK Stock for resale 2.282 S. DEBTORS Other debtors 699 6. CREDITORS: AMOUNTS DUE wmiiN ONE YEAR Other Creditors Bank Mortgage 7. CREDITORS: AMOUNTS DUE OVER ONE YEAR Other Loans Bank Mortgage 130.000 130.000 375 510 The bank loan is sewed by a kgal charge dated 23 August 2022 freehold property to which the loan relates. 8. Funds BalanrEa Ewdthre Balanoat 1Jan2S 31 Dec25 unre9trld fvnd• 219.627 129ffj32 - 112.150 237.1j Page 7 Reatrkled fund In$wJhlTnJst TOTAL FUIIDS 221IQ4 1292 - 111150 231A