Company Registration Number: 02926933
Charity Registration Number: 1039957
Nagarjuna Kadampa Meditation Centre
Financial Statements
For the Year Ended 31 December 2023
'AD9ZFU82•
2110812024
COMPANIES HOUSE
A17

Nagarjuna Kadampa Meditation Centre
Financial statements for the Year Ended 31 December 2023
Contents
Legal and Administrative Information...............
Report of the Trustees...................................................................
Independent Examiner's Report......................................... ..
Statement of Financial Activities.......................
Balance Sheet..............
Notes to the Financial Statements.....................

Nagarjuna Kadampa Meditation Centre
Legal and Administrative Information
Directorstrrustees:
Jennifer Andrews (resigned 15 April 2024)
Andrew Day (resigned 30 November 2023)
Jacqueline Firth (resigned 30 November 2023)
Petronella Jennifer Georgina Finden (appointed 30 November 2023)
Aileen Glen (appointed 30 November 2023)
Mary Estelle Cansdale (appointed 15 April 2024)
Secretary:
Amanda Day
Correspondence Address:
Thornby Hall
Naseby Road
Thornby
Northampton
Northamptonshire
NN6 8SW
Independent Examiner:
David Owens FCA
Hawsons Chartered Accountants
Jubilee House
32 Duncan Close
Moulton Park
Northampton
NN3 6WL
Bankers:
Nalional Westminster Bank plc
1 Granby Street
Leicester
LE16EJ

Nagarjuna Kadampa MedlLqtion Centre
Report of the Trustees for the Year Ended 31 December 2023
The management committee present their report and financial statements for the year ended 31 December 2023.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Previous Names
On 4 Decembèr 2012 the company name was changed from Nagarjuna Kadampa Buddhist Centre to Nagarjuna
Kadampa Meditation Centre.
On 7 September 2012 the company name was changed from Nagarjuna Buddhist Centre to Nagariuna Kadampa
Buddhist Centre.
Governlng Document
The Charity is constituted as a company limited by guarantee under the Companies Act and governed by its Articles of
Association and is also a registered charity.
Appolntment of Trustees
Trustees are recruited from within the centre or from other similar centres so that they have knowledge and
understsnding of the charity's aims and workings. Each new Trustee is guided by the current Trustees and other
members of the organisation, principally the Admin Director and the Resident Teacher who have vast experience
within the organisation.
Oryanisation
The charity is a member of the NKf-IK8U which Is made up of many centres throughout the world with the same
objectives. However, they are all independent charities linked only by their objectives and there is no financial
dependency allhough funds may pass betr￿een centres to fulfil aims and objectives.
The Trustees
The Trustees who served the charity during the year were as follows..
Jennifer Andrews (resigned 15 April 2024)
Andrew Day (resigned 30 November 2023)
Jacqueline Firth (resigned 30 November 2023)
Petronella Jennifer Georgina Finden {appointed 30 November 2023>
Aileen Glen (appointed 30 November 2023)
Mary Estelle Cansdale (appointed 15 April 2024)
Risk Assessment
The Trustees have carried out a Risk Management survey which established the major risks to which the Trustees are
exposed. On completion of this review, the Trustees established how to mitigate these risks and implement a process
of on-going review. The Trustees consider that they have in place proper prO￿dureS to meet the risks identified.

Nagarjuna Kadampa Meditation Centre
Report of the Trustees for the Year Ended 31 December 2023
OBJECTIVES AND ACTIVITIES
Objects
The objects of the charity are to promote the Buddhist Faith under the spiritual guidance of the elected Spiritual
Director of the New Kadampa Tradition-lnternational Kadampa Buddhist Union {Nlff-IKBU) principally through
activities of teaching, study, practice and the observance of moral discipline all within the Mahayana Buddhist
Tradition of Atisha and Je Tsongkhapa, as taught by Venerable Geshe Kelsang Gyatso, the founder of the Nlff-IKBU
through the continuous implementation of the three NKT Sludy Programmes,. the General Programme, the Foundation
Programme and the Teacher Training Programme.
Aims and Activities
The charity aims to provide tranquillity to enable students to study. practice and observe the moral discipline as set out
in the objects and Ihis has been achieved so far by establishing Nagarjuna KMC at Thornby and Leicester and
donating funds to the Internalional Temples Project as run by the NKT-IKBU. The International Temples Project aim is
to introduce the Buddhist Faith of the New Kadampa Tradition publicly throughout the world.
Volunteers
The charity has many volunteers both from the local community and Ihe residents at the Centre, which are essential
for the running of the charity and are involved in all aspects of the charity from helping in the World Peace Cafe to
cleaning and administration.
ACHIEVEMENTS AND PERFORMANCE
The spiritual activities at our centres have continued to grow and flourish senrfing the local, national and international
communities and are special buildings dedicated to world peace.
Thornby Centre
Kadam Bridget Heyes is the resident teacher at the Thornby Centre and NKf-IKBU National Spiritual Director for the
UK. She teaches at the Thomby Centre. throughout England and Ireland.
Thornby Centre has two meditation rooms - a large meditation hall in a separate building seating 70 people and a
meditation room in the main building seating 45 people. The ￿ntre is open 7 days a week with 17 acre5 of grounds
for people to enjoy and the World Peace Café is open daily from 11am to 4pm.
The Thornby centre provides General Programme classes trwo times a week and lunchtime classes every weekday.
The Morning Teacher Training Programme is held t4Yice a week, whilst both the evening Foundation Programme and
Sunday Foundation programmes are held once per week. Branch General Programme classes have successfully
been in the surrounding towns of Market Harborough, Northampton. Coventry and Daventry with good attendance
being noted.
In addition to the study programmes, Nagarjuna KMC Thornby provides an exlensive range of half day and day
courses, weekend and week relreats, meditalions and afternoon teas, as well as evening meditations followed by a
three course meal. A fundraising Summer Fete and Winter Fayre are held annually in July and November with over
1,000 people attendin9 with live music, meditations, food and stalls for visitors to enjoy.
The centre also hosts regular visiting Kadampa centre retreats, providing the accommodation and meditation space
for their away weekends.

Nagarjuna Kadampa Meditatlon Centre
Report of the Trustees for the Year Ended 31 December 2023
Thomby Developments
The meditalion hall has been renovated with new insulation throughout including re-building the shrine. Fundraising is
taking place to repair and restore the Collyweston roof in the main building. Up-grading works conlinued with
refurbishment of resident's accommodation in the main building and insulation to improve the heating efficiency.
Leicester Centre
Kadam Chris Heyes is the resident teacher at the Leicester Centre and International Kadampa Buddhist artist, leading
the Art Workshop at the Northamptonshire centre.
The Leicester Centre is located in the heart of the city within the shopping and café district. The centre has two
meditation rooms - a large meditation room on the ground floor seating over 150 people and a meditation room
located in the basement seating 30 people. The Leicester centre provides three General Programme classes per
week, weekday lunchtime classes and a Foundation Programme which is held one evening per week. The centre also
has a large World Peace Café, which is popular with the community of Leicesler.
In addition to the study programmes, Nagarjuna KMC Leicester provides an extensive range of half day and day
courses, retreats, meditations and evening meditations followed by a three course meal.
Lelcester developments
A new camera was provided for online classes in the meditation roorn to replace a previously stolen item. Phased
refurbishment works of residents, rooms are being carried out.
Both centres have an active local community relations team with school, work and voluntary group visits wishing to
leam more about Buddhist philosophy and meditation.
FINANCIAL REVIEW
ReseThas
The Trustees consider that a level of free reserves should be retained in liquid funds equivalent to cover up to three
months overhead expenditu￿ . These reserves are to be held in order to maintain the basic operations of the charity
and to provide some surety against adverse financial events, such as income targets not being achieved or
unexpected expenditure.
Investment Policy
The Trustees consider that minimal risk should be undertaken regarding investments and consequently have a policy
to place funds on deposit only to earn interest.
Approved by the Trustees on
and signed on their behalf by
Petronella Finden
Date

Nagarjuna Kadampa Meditation Centre
Independent Examinerfs Report to the Trustees of Nagarjuna Kadampa Meditation Centre
For the Year Ended 31 December 2023
I report to the charity trustees on my examination of the accounts of the company for the year ended 31 December
2023, which are set out on pages 6 to 14.
Responsibilities and basis of report
As the Irustees of the charity (and also its directors for the purposes of company law) you are responsible for the
preparation of the accounts in accordance with the requirements of the Companies Act 2006 {'the 2006 Act,).
Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act
and are eligible for independent examination, I report in respect of my examination of your charity's accounts as
carried out under section 145 of the Charities Act 2011 (the .2011 Act,). In carrying out my examination I have followed
the Directions given by the Charity Commission under section 145(5){b) of the 2011 Act.
Independent ￿aMIna￿S report
Since the company's gross income exceeded £250.000 your examiner must be a member of a body listed in section
145 of the 2011 Act. I confirm that l am qualified to undertake the examination because l am a member of ICAEW,
which is one of the listed bodies.
I have completed my examination. I confim that no matters have come to my attention in connection with the
examination giving me cause to believe..
(1) accounting records were not kept in respect of the company as required by section 386 of the 2006 Acl, or
(2) the accounts do not accord with those accounting records,. or
{3) the accounts do not comply with the accounting requirements of seclion 396 of the 2006 Act other than any
requirement that the accounts give a 'true and fairf view which is not a matter considered as part of an
independent examination., or
(4) the accounts have not been prepared in accordance with the methods and principles of the Statemenl of
Recommended practice for accounling and reporting by charities applicable to charities preparing their accounts
in accordance wilh the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
I have no concems and have come across no other matters in connection with the examination to which attention
should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
9￿$•+15
David Owens FCA
Hawsons Chartered Accountants
Jubilee House
32 Duncan Close
Moullon Park
Northamplon
NN3 61AIL
Date..

Nagarjuna Kadampa Meditation Centre
Statement of Financial Activities for the Year Ended 31 December 2023
2023
Total
funds
2022
Total
funds
Unrestricted
funds
Restricied
funds
Notes
Income and endowments from:
Donations and legacies
Other Irading activities
Income from inveslments
Income from chartiable activites
Other income
30,370
222,709
476
475,428
1,314
30,370
222.709
476
475,428
1,314
58,212
198,901
138
533,956
1,461
Total Income and endowments
730,297
730.297
792,668
Expendlturo on;
Raising funds
Charitable activites
(100,969)
(566,613)
(100,969)
(566,613)
(105.133)
(535,773)
819
Total oxpendltur?
(667,582)
(667,582)
(640.906)
Transfer between funds
Net income
62,715
62.715
151,762
Reconclllation of funds
Total funds broughl fO￿ard
1.818,816
7,719
1,826,535
1,674,773
Total funds carrled forward
1,881,531
7,719
1,889.250
1,826,535
All of the above amounts relate to continuing activities. There are no recognised gains or losses other than'those in
the statement of financial activities.
The notes on pages 8 to 14 form part of these financial statements.

Nagarjuna Kadampa Meditation Centre
Balance Sheetas at 31 December 2023
Notes
2023
2022
Flxed assèts
Tangible assets
13
4,056.462
4,026,704
Current assets
Debtors
Other debtors
Cash at bank and in hand
14
15
3.800
35.000
99,058
4,843
35,000
132,200
137.858
172,043
Current liabilities
Amounts falling due within one year
16
(103.108)
(101.603)
Nel current assots
34.750
70,440
Total assets less current liabilties
4,091.212
4,097,144
Long temi Ilabities
Amounts falling due after more than one year
17
<2,201.962)
(2,270,609)
Net asset8
1,889,250
1,826.535
Funds
Restricted funds
Unreslricled funds
7.719
1,881.531
7,719
1,818.816
19
1,889.250
1,826,535
For the financial year in question the company was entitled to exemption under section 477 of the Companies Act
2006 relating to small companies.
No members have required the company to obtain an audit of its accounts for the year in question in accordance with
section 476 of the Companies Act 2006.
The directors acknowledge their responsibility for complying with the requirements of the Act with respect to
accounting records and for the preparation of the accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small
companies, regime.
These fi
ncial statements were approved by the Board of Trustees and are signed on their behalf by..
Petronella Finden
14 1031t
Company registration number 02926933
The notes on pages 8 to 14 form part of these financial statement5.

Nagarjuna Kadampa Meditation Centre
Notes to the Financial Statements for the Year Ended 31 December 2023
Accounting policies
Basis of accounting
The financial statements have been p￿pared in accordance with Accounting and Reporting by Charities..
Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the
Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1st January
2015) Charities SORP (FRS 102), the Financial Reporting Standard applicable in the UK and Republic of
Ireland (FRS 102) and the Companies Act 2006.
The centre conslitutes a public benefit entity as defined by FRS 102. Assets and liabilities are initially
recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy
nole(s).
The trustees consider that there are no material uncertainties about the Trust's ability to continue as a going
concem.
The Charity has taken the available exemplion under the Charities SORP {FRS 102) Update 8ulletin 1, as a
smaller charity, to not prepare a Statement of Cash Flows.
Incoming resources
Donations are recognised in the accounts when it is known that they will be received. Gifts donated for resale
are included as income when they are sold. Donated assets are included at value where this can be quantified
and a third paty Is bearing the cost. The value of services provided by volunteers is nol quants'fied and is not
included in the accounts.
Grants are recognised in the accounts when it is known that they will be received.
Fund accounting .
The charity maintains various type5 of funds as follows:
Restricted funds - these represent monies received that were allocated by the donor for specific purposes.
Unrestricted funds
Committee.
these represent income that is expendable at the discretion of the Management
Endowment funds - these represent income that the Trustees have allocated to be used for specific purposes.
Resources expended and basls of allocatlon of costs
Expenditure Is recognised in the period in which it is incurred.
Resources expended are allocated directly to the particular activity to which the cost relates. Governance costs
represent direct expenditure on the governance of the Centre.
Fixed assets
Deprecation is calculated so as to write off the cost of an asset, less it estimated residual value, over the useful
economic life of that assets as follows=
Freehold propety
Fixtures, fittings and equipment
Motor vehicles
1°/0 Straight line
15- 25% reducing balance
25 /0 reducing balance
Deprecation is allocated on a 25Yo to fundraising costs and 750fi to accommodation costs basis.

Nagarjuna Kadampa Meditstion Centre
Notes to the Financial Statements for the Year Ended 310ecember 2023
Donations and legacies
Unrestricted
funds
Restricted
fund$
2023
Total
2022
Total
Donations - Leicester
Donations - Thomby
Grant income - Thornby
Grant income - Leicester
1.415
26,817
358
1,780
1,415
26.817
358
1.780
5,676
49,905
2,631
30.370
30,370
58.212
Income from other trading activities
Unfestrlcted
funds
R•slricted
funds
2023
Total
2022
Total
Shop. café and artsI￿rk income
Fundraising events
214.284
8,425
214,284
8.425
193.858
5,043
222,709
222,709
198.901
Income from investments
Unrestrlcted
fund¥
Restrlcted
funds
2023
Total
2022
Total
Bank Inte￿St receivable
478
476
138
478
476
138
Income from charitable activities
Unrestricted
lunds
Restricted
funds
2023
Total
2022
Tolal
In¢ome from rent and accommodation
Income from course and study fees
292,883
182,545
292,883
182.545
302.852
231,104
475,428
475,428
533,956

Nagarjuna Kadampa Meditation Centre
Notes to the Financial Statements for the Year Ended 31 December 2023
Other income
Unrestricted
funds
Restricted
funds
2023
Total
2022
Total
Miscellaneous in¢ome
1,314
1.314
1.461
1,314
1,314
1.461
Expendlture on ralslng funds
Unrestricted
funds
Restricted
fund$
2023
Total
2022
Total
Shop, café and 8rNvork ¢osl8
Fundraising costs
100,446
523
100.446
523
104,676
457
100,969
100.969
105.133
Included in shop, cafè and artwork costs is £2,647 (2022.. £3,155) which relates to the deprecation for the
Leicester centre and £12,080 {2022'. £10,975) which relates to the centre at Thornby.
Expenditure on charitable activities
Unrestricted
funds
Re8tricted
fund8
2023
Total
2022
Total
Accommodation and education
Donations lo other centres
Support costs
Accountancy costs
VAT partial exemption restriction
515,202
360
31,153
1,125
18,773
515.202
360
31,153
1.125
18,773
483,696
29.900
3,315
13,502
566,613
566,613
535,773
Included in accommodation and education costs is £7,941 (2022.. £9,463) which relates to the deprecation for
the Leicester centre and £36,241 (2022: £32,925) which relates to the ￿ntre at Thornby.
Expenditure on charitable activities by activity type
Unrestricted
funds
Restricted
funds
2023
Total
2022
Total
Accommodation and educalion
Donations lo olher NKT cenlres
515,202
515.202
360
483,696
5,360
515.562
515.562
489,056
10

Nagarjuna Kadampa Medltation Centre
Notes to the Financial Statements for the Year Ended 31 December 2023
10
Net income for the year
This is staled after charging:
2023
2022
Depreciation
58.909
56.518
11
Employees
The average monthty number of employees during the year was as follows..
2023
2022
Number of employees
12
12
No employee received remuneration of more than £60,000 during the current or previous year.
12
Trustees, remuneratlon
No trustees were paid remuneration or expenses during the year (2022.. none).
13
Flxed assets
Flxtur•$,
flttings and
equipment
Freehold
propety
Motor
Vehicles
Total
Cost
Al 1 January 2023
Additions
Disposals
Al 31 December 2023
4.255,761
76.125
254.415
12,542
27.288
4,537,464
88.667
4.331.888
266.957
27.288
4 626,131
Depreclatlon
At 1 January 2023
Disposals
Charge for the year
At 31 December 2023
290.589
198.337
21.834
510.760
42,945
333,534
14.601
212.938
1.363
23.197
58.909
569.669
Net book value
Al 31 December 2023
3.998.352
54.019
4,091
4,056,462
At 310ecember 2022
3.965.172
56.078
5.454
4,026,704

Nagariuna Kadampa Meditation Centre
Notes to the Financial Statements for the Year Ended 31 December 2023
14
Debtors
2023
2022
Trade debtors
2,510
1,290
2.583
2.260
Prepayments
3.800
4,843
15
Other debtors
2023
2022
Loan lo KMC Plymouth
35.000
35,000
35,000
35.000
16
Credltorn: amounts falllng due wlthln one year
2023
2022
Bank loans and overdrafts
71.746
24,324
4,972
69.156
24.845
5,102
Trade creditors
VAT
Other creditors
103.108
101,603
The following liabilities disclosed under creditors falling due within one year are secured by the charity=
2023
2022
Bank loan5 and overdrafts
71,748
69,156
12

Nagariuna Kadampa Meditation Centre
Notss to the Financial Ststements for the Year Ended 31 December 2023
17
Creditors: amounts falling due after more than one year
2023
2022
8ank loans and overdrafts
Olher creditors
2.021.503
180.459
2,093.248
177,361
2,201,962
2.270.609
The following liabilities disclosed under creditors falling due after one year are secured by the charity.
2023
2022
Bank loans and overdrafts
2 021503
2,093.248
Included within creditors falling due after more than one year is an amount of £1,789,732 (2022. £1,869,847)
in respect of liabilities which fall due for payment after more than five years from the balance sheet date.
18
Restricted funds
Balance at
1 January
2023
Balance at
31 December
2023
Income
Expenditure
Transfer
Art Workshop
7,719
7.719
7,719
7,719
Art workshop - this fund has been set up for the conversion of the garage into an Art Workshop for the
painting of Buddha statues.
19
Unrestrlcted funds
Balanrx at
Balance at
1 January
2023
31 December
Income
Expendilure
2023
General fund
1,818,816
730,297
(667,582)
1.881.531
1,818,816
730,297
(667,582)
1.881.531
13

Nagarjuna Kadampa Meditation Centre
Notes to the Financial Statements for the Year Ended 31 December 2023
20
Anatysis of net assets between funds
Tangible
fixed assets
Long lem
liabilites
Assets
Total
Restricted funds..
Art Workshop
7,719
7,719
Unrestricled funds
4,056.462
27.032
{2.201,962)
1,881,531
Total funds
4,056,462
34,750
(2,201,962)
1.889,250
21
Company Limlted by guarantee
The company is limited by guarantee whereby in the event ofwinding up each member being a member at the
time of winding up or within one year of this event promises to pay an amount as demanded not exceeding
£10 to be used to pay the liabilities of the charity together with the costs of winding up.
14