## 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
qu•lllk•kn(•) or boty
IU•ny):
%ectioii 8
Disclosiire
G• h•r• brl•f d•lah
any It•nw th•tth•
•x•mln•r th)
Oetobw 2018
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 exInation 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 accInts of the Company are not required
lo be 8Jrted for this year under Part 16 crf the 2006 A¢X and are e1ible 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:
• accnting rordS 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 consired 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 cn3 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