2022-12-31-accounts

Nantgwyn Baptist Chapel

Aims and Purposes

The Fellowship at Nantgwyn Baptist Chapel, led by our Minister, Reverend Simon Facer, aim to reach out to the surrounding Community, to share with them the gospel of our Lord Jesus Christ and the love of our heavenly Father.

Objectives and Activities

Our objective is to honour our Lord in our service of Him, and to glorify Him alone. The Sunday morning service is a time when we gather around the preaching of the Word, and express our praise and worship to the Lord in song and prayer. On Wednesday evening we meet around God's Word for study and prayer.

The songs/hymns are led by our organist or by our guitar group, who practice on a Wednesday evening before Bible Study.

Achievements and Performance

We are a Chapel in Mid-Wales with a membership of 18. We love the Lord Jesus Christ, and long for people to see the good news of His gospel in what we say and what we do. Since employing a full-time minister in 2021(Rev. Simon Facer) we have engaged in several outreach ideas: activities specifically aimed at engaging the local community. These have included things like BBQ's, meals, quizzes, walks and bonfires.

We have taken opportunities to help our local community, and the wider world, by taking up collections for the food bank and the Ukraine crisis. Every year we have a joint Carol service at Pant-y-dwr Hall. This is done with Bwlch-y-Sarnau Baptist Chapel and Sychnant Presbyterian Church and it is usually well attended.

Financial review

Our audited accounts are attached. We greatly benefit from two properties which we rent out. They are both older buildings and require maintenance. The main Chapel building is in general good repair. Discussions have started to renew the kitchen area to facilitate more Fellowship meals, e.g. our post Christmas meal.

Reserves Policy

A reserve account C.O.I.F charity account if held for work and repairs on the main chapel building only. Regular payments into this account will be fixed at our next Deacons Meeting.

Volunteers

We would like to thank all our volunteers who work hard to keep our Chapel clean and in good order. Also for our organist and those on the flower rota.

Structure, governance and management

Minister/Elder: Rev. Simon Facer Elder/Deacons: Rev Andrew Wyton, Mr. Bleddyn Lewis Deacon/ Secretary: Mrs Rachel Heron Deacon/ Treasurer: Mrs Anne Evans Deacons: Mr Elwyn Price Trustees: Rev.S.Facer, Mr.B.Lewis, Mr.E.Price, Mrs.R.Heron and Mrs.A Evans Approved and signed by Trustee, Elder, Minister:Rev. Simon Facer 19th October 2023

Registered number 02887663

Kadampa Meditation Centre Liverpool

Report and Accounts

31 December 2022

Kadampa Meditation Centre Liverpool Registered number: 02887663 Directors' Report

The directors present their report and accounts for the year ended 31 December 2022.

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 20 September 2023 and signed by its order.

E Pritchard Secretary

1

Kadampa Meditation Centre Liverpool Profit and Loss Account for the year ended 31 December 2022

Turnover Cost of sales Gross profit Administrative expenses Operating loss Interest payable Loss before taxation Tax on loss Loss for the financial year	2022 £ 103,540 (11,129) 92,411 (99,022) (6,611) (137) (6,748) - (6,748)	2021 £ 73,318 (6,296)
		67,022 (68,756)
		(1,734) (624)
		(2,358) -
		(2,358)

2

Kadampa Meditation Centre Liverpool Registered number: 02887663 Balance Sheet as at 31 December 2022

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 (liabilities)/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	2022 £ 116,097 352 8,997 9,349 (12,320) (2,971) 113,126 - 113,126 113,126 113,126	2021 £ 118,499 352 26,258 26,610 (14,647) 11,963 130,462 (10,588) 119,874 119,874 119,874	2021 £ 118,499 352 26,258 26,610 (14,647) 11,963 130,462 (10,588) 119,874 119,874 119,874
			130,462 (10,588)
			119,874
			119,874
			119,874

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.

P M Kinrade Director

Approved by the board on 20 September 2023

3

Kadampa Meditation Centre Liverpool Notes to the Accounts for the year ended 31 December 2022

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 2022

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 Additions - At 31 December 2022 142,245 Depreciation At 1 January 2022 30,467 At 31 December 2022 31,889 Net book value At 31 December 2022 110,356 At 31 December 2021 111,778 4 Debtors Trade debtors	2022 Number 2 Plant and machinery etc £ 563 43,297 36,013 37,556 5,741 6,721 2022 £ 352	2021 Number 3
		Total £ 563
		185,542
		66,480
		69,445
		116,097
		118,499
		2021 £ 352

5

Kadampa Meditation Centre Liverpool Notes to the Accounts for the year ended 31 December 2022

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	2022 £ 10,969 48 1,303 12,320 2022 £ -	2021 £ 9,045 69 5,533
		14,647
		2021 £ 10,588

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 2022

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	2022 £ 103,540 (11,129) 92,411 (99,022) (6,611) (137) (6,748)	2021 £ 73,318 (6,296)
		67,022 (68,756)
		(1,734) (624)
		(2,358)

7

Kadampa Meditation Centre Liverpool Detailed profit and loss account for the year ended 31 December 2022

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	2022 £ 103,540 2,762 8,367 11,129 15,466 29 3,574 1,355 20,424 5,964 7,292 9,411 22,667 1,498 2,266 1,263 3,682 571 29,447 2,965 2,746 44,438 850 5,852 4,791 11,493 99,022	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

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