2021-12-31-accounts

KADAMPA MEDITATION CENTRE LIVERPOOL

TRUSTEES ANNUAL REPORT

FOR YEAR ENDING 31-12-2021

Education Report

Due to the ongoing pandemic, the majority of classes and courses were offered livestream only until the summer when we erected the marquee to enable safe social distancing. In person classes were re-established from September inside the Meditation Room, however public confidence remained low and numbers were slow to increase. The number of members also started to decline as people became weary of online events.

Courses and retreats January - 3 x weekends for lamrim retreat - February half day workshop Amitayus retreat March 1/2 day course Refuge Retreat Concentration course Tranquil abiding retreat April Nyungne retreat Half day course Blessing Empowerment of Buddha Vajrapani May Concentration Retreat (3 days) Full day course (Emptiness) Guru Yoga & Mandala Retreat June Half day course x 2 July 3 x half day courses August Half day course September Weekend lamrim retreat1 2 x half day courses October Guru Yoga retreat November 3 x half day courses December Blessing empowerment of Buddha Vajrasattva New Years Eve Tara Chanting

General Programme Classes

5 x weekday morning meditations January to May 3 x weekday morning meditations June to December Monday GP with Gen Jigme Thursday GP with Gen Jigme (January to March) Crosby Branch (Fiona Gordon) (Sept - December) Southport (Ken Evans) (Sept -December) Sunday Prayers for World Peace

Foundation Programme -

All year

Teacher Training Programme

New development starting from September

Teachers

Gen Jigme, Resident Teacher Eddie Daley (EPC) Kelsang Gogden Ken Evans Fiona Gordon

Pujas

Monday to friday - Heart Jewel with guided lamrim meditation Saturdays - WFJ with Tsog 10th and 25th OTTSG 29th Melodious Drum 8th of the month Tara Chanting

Finance Report

The accounts showed a loss of -£2350. Below was unusual but essential expenditure. £3400 on a new marquee £3000 on essential heating and plumbing repairs

£1500 on crane hire to address collapse of dormer

Had it not been for the above, the accounts would have shown a profit of approx £5500.

Education Income fell by £10,000 compared to 2020 with a total of £21300

Cafe income fell by £5000 to a total of £1700

Rent increased by £6000 to £47500 as we filled rooms with residents via Spareroom.com

Building Issues

The side dormer collapsed at the end of October resulting in significant damage to the stonework and bay. Despite the event happening during a storm the insurers initially refused to pay out. The main cost of restoration total +£16000 can be seen in the 2022 figures including the monies refunded due to a subsequent successful appeal being lodged.

Other building projects were placed on hold due to the pandemic in order to build up a suitable reserve.

New Temple / Meditation Hall

The decision was made to engage a planning consultant and his preferred architect to assist us in designing a new Meditation Hall. The drawings were presented to K Ringyal at the end of the year and approved for moving forward with planning permission.

Community

The year ended on a high with a lovely harmonious residential community.

Cafe

It was agreed that the cafe should re-open in September but with working visitors as opposed to a sponsored cafe manager. The cafe was re-decorated and given a new look which has received much positive feedback and Becky Yeates has taken an extended working visit. However the cafe remained slow to pick up on re-opening.

Registered number 02887663

Kadampa Meditation Centre Liverpool

Report and Accounts

31 December 2021

Kadampa Meditation Centre Liverpool Registered number: 02887663 Directors' Report

The directors present their report and accounts for the year ended 31 December 2021.

Principal activities

The principal activity of the company is to promote the Buddhist faith through the activities of teaching, study, practice and the observance of moral discipline all within the Buddhist tradition of Je Tsongkhapa.

Directors

The following persons served as directors during the year:

J Andrews R M Crate P M Kinrade

Small company provisions

This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.

This report was approved by the board on 17 September 2022 and signed by its order.

E Pritchard Secretary

1

Kadampa Meditation Centre Liverpool Profit and Loss Account for the year ended 31 December 2021

Turnover Cost of sales Gross profit Administrative expenses Operating loss Interest payable Loss before taxation Tax on loss Loss for the financial year	2021 £ 73,318 (6,296) 67,022 (68,756) (1,734) (624) (2,358) - (2,358)	2020 £ 87,330 (8,893)
		78,437 (82,541)
		(4,104) (927)
		(5,031) -
		(5,031)

2

Kadampa Meditation Centre Liverpool Registered number: 02887663 Balance Sheet as at 31 December 2021

Notes Fixed assets Tangible assets 3 Current assets Debtors 4 Cash at bank and in hand Creditors: amounts falling due within one year 5 Net current assets Total assets less current liabilities Creditors: amounts falling due after more than one year 6 Net assets Capital and reserves Profit and loss account Shareholder's funds	2021 £ 118,499 352 26,258 26,610 (14,647) 11,963 130,462 (10,588) 119,874 119,874 119,874	2020 £ 115,699 352 39,882 40,234 (14,699) 25,535 141,234 (19,004) 122,230 122,230 122,230	2020 £ 115,699 352 39,882 40,234 (14,699) 25,535 141,234 (19,004) 122,230 122,230 122,230
			141,234 (19,004)
			122,230
			122,230
			122,230

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.

The member has not required the company to obtain an audit in accordance with section 476 of the Act.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.

R M Crate Director Approved by the board on 17 September 2022

3

Kadampa Meditation Centre Liverpool Notes to the Accounts for the year ended 31 December 2021

1 Accounting policies

Basis of preparation

The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Intangible fixed assets

Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

Tangible fixed assets

Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

Leasehold land and buildings 1% of cost Plant and machinery 25% pa reducing balance Fixtures, fittings, tools and equipment 25% pa reducing balance

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

Debtors

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Creditors

Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

Provisions

Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

4

Kadampa Meditation Centre Liverpool Notes to the Accounts for the year ended 31 December 2021

Leased assets

A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.

Pensions

Contributions to defined contribution plans are expensed in the period to which they relate.

2 Employees Average number of persons employed by the company 3 Tangible fixed assets Land and buildings £ Cost At 1 January 2021 142,245 Additions - At 31 December 2021 142,245 Depreciation At 1 January 2021 29,045 Charge for the year 1,422 At 31 December 2021 30,467 Net book value At 31 December 2021 111,778 At 31 December 2020 113,200 4 Debtors Trade debtors	2021 Number 2 Plant and machinery etc £ 36,699 6,035 42,734 34,200 1,813 36,013 6,721 2,499 2021 £ 352	2020 Number 3
		Total £ 178,944 6,035
		184,979
		63,245 3,235
		66,480
		118,499
		115,699
		2020 £ 352

5

Kadampa Meditation Centre Liverpool Notes to the Accounts

for the year ended 31 December 2021

5 Creditors: amounts falling due within one year Bank loans and overdrafts Taxation and social security costs Other creditors 6 Creditors: amounts falling due after one year Bank loans	2021 £ 9,045 69 5,533 14,647 2021 £ 10,588	2020 £ 9,361 44 5,294
		14,699
		2020 £ 19,004

7 Other information

Kadampa Meditation Centre Liverpool is a private company limited by guarantee without share capital and use of Limited exemption incorporated in England. Its registered office is: Greystoke

25 Aigburth Drive Sefton Park Liverpool L117 4JH

6

Kadampa Meditation Centre Liverpool Detailed profit and loss account for the year ended 31 December 2021

This schedule does not form part of the statutory accounts

Sales Cost of sales Gross profit Administrative expenses Operating loss Interest payable Loss before tax	2021 £ 73,318 (6,296) 67,022 (68,756) (1,734) (624) (2,358)	2020 £ 87,330 (8,893)
		78,437 (82,541)
		(4,104) (927)
		(5,031)

7

Kadampa Meditation Centre Liverpool Detailed profit and loss account for the year ended 31 December 2021

This schedule does not form part of the statutory accounts

Sales Sales Cost of sales Purchases Other direct costs Administrative expenses Employee costs: Wages and salaries Pensions Staff training and welfare Travel and subsistence Premises costs: Rent Rates Light and heat General administrative expenses: Telephone and fax Stationery and printing Bank charges Insurance Software Repairs and maintenance Depreciation Sundry expenses Legal and professional costs: Accountancy fees Advertising and PR Other legal and professional	2021 £ 73,318 804 5,492 6,296 15,360 43 1,294 1,181 17,878 1,483 4,437 15,270 21,190 1,526 2,457 32 3,106 329 11,292 3,235 2,958 24,935 800 2,498 1,455 4,753 68,756	2020 £ 87,330
		5,076 3,817
		8,893
		23,040 44 868 1,309
		25,261
		3,808 4,445 17,578
		25,831
		1,701 759 523 2,417 2,988 10,901 1,900 1,636
		22,825
		720 7,155 749
		8,624
		82,541

8

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CHARITY COMMISSION FOR ENGLAND AND WALES Independent examinerfs report on the accounts Section A Independent Examiner's Report Roport to tho Kadampa Meditakn Centre Llvefpocl m•mb•rn of On accounts ft)r the y•ar •nd•d 311)ecembof 2021 Charfty no.: 1037091 Company no.: 02887663 Set out on pag•8 l rnport to the chanty tN8tees on my ex￿Ination d the ￿(XXmts of the Company for the year WKl8d 3111W2021 R•sponslbllltle• and basls of report As the chanty's tru8teos of the Company (who are al￿ the direclors d the company ft>r the purposes of company lthv). you are rèsponsible for the preparation of the aca)unts in Kcordance wlth the requirements d the Companies Act 20(￿ (Ihe 2006 A¢). HavlrvJ sat5sfi&J mysell that the accI￿nts of the Company are not required lo be 8￿Jrted for this year under Part 16 crf the 2006 A¢X and are e1￿ible for independent examination. I report in resFYd of my exarrxnation of your charrty'$ xcounts as carried out under section 145 of the Charities Act 2011 (Ihe 2011 Acf). In carrying out my exanlnalion, I have followed the Directions given by the Chanty ComnN'88K>n (under se￿.0n 1445Xb) rf tho 2011 ACL Independont I have completed rry exaninaticm. I confimi that ￿ mtsial matters ha axaminer'• ststsm•nt corrn to my attention whith gives me cause to believe that: • acc￿nting r￿ordS were not kept in accordance wilh section 386 d the Compani88 Act 20L13; or • the accounts do not accord with such reconls; or • the accounts do not comply with relevant accounting requiremnts under Section 396 of the Conynies Act 2CX)6 ￿ than ta)y requiremenl that the accounts glve a and fairf view which is nol a matter consi￿red as part of an independent examination: or •the aca>unts have not been wepared in aCa)rdan￿ valh tho Charrtie• SORP (FRS102). I have no c￿￿n3 and have corr xro88 no othér matter3 in connection with the exanlnath'on to which attonts'on should be drawn in this report in order to enable a proper undorstanding ofthe accxxmts to be re&1￿￿. Slgn•d: 191091202 Nam•: K J Harter IER October 2018