Company Registration Number: 02926933
Charity Registration Number: 1039957
Nagarjuna Kadampa Meditation Centre
Financial Statements
For the Year Ended 31 December 2024
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Nagarjuna Kadampa Meditation Centre
Financial statements for the Year Ended 31 December 2024
Contents
Legal and Administrative Inforrnation.,,...................................................
Report of the Tnjstees......................... ...............
Independent Examiner's Report................................
Statement of Financial Activities.
Balance Sheet....... . ................
Notes to the Financial Statements.....

Nagarjuna Kadampa Meditation Centre
Legal and Administrative Information
DirectorslTrustees:
Jennifer Andrews (resigned 15 April 2024)
Petronella Jennifer Georgina Finden
Aileen Glen
Mary Estelle Cansdale (appointed 15 April 2024)
S8cretary:
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:
National Westminsler Bank pl
1 Granby Street
Leicester
LE16EJ

Nagarjuna Kadampa Meditation Centre
Report of the Trustees for the Year Ended 31 December 2024
The rnanagemenl committee present their report and financial statements for the year ended 31 December 2024.
STRUCTURE. GOVERNANCE AND MANAGEMENT
Previou¥ Names
On 4 December 2012 the company name was changed from Nagarjuna Kadampa Buddhist Centre to Nagarjuna
Kadampa Meditallon Centre.
On 7 September 2012 the company name was changed from Nagarjuna Buddhist Cenlre to Nagarjuna Kadampa
Buddhist Centre.
Governing 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,
Appointment of Trustees
Trustees are recruited from within the centre or from other similar centres so that they have knowledge and
understanding of the charily'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 organisalion.
Organlsatlon
The charity is a member of the NKT-IKBU 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 although funds may pass between 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)
Petronella Jennifer Georgina Finden
Aileen Glen
Mary Estelle Cansdale (appolnled 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 thi5 review, Ihe Trustees established how to mitigate these risks and implement a prO￿sS
of on-going review. The Trustees consider that they have in place proper procedures to meet the risks identified.

Nagarjuna Kadampa Meditation Centre
Report of the Trustees for the Year Ended 31 December 2024
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 Tradilion-lnlernalional Kadampa Buddhist Union {NKT-IKBU) principally through
activities of teaching. study. practice and the observance of moral discipline all within the Mahayana Buddhist
Tradition of Alisha and Je Tsongkhapa, as taught by Venerable Geshe Kelsang Gyalso, the founder of the NKT-IKBU
through the continuous implementation of the three NKT Study Programmes; the General Programme, the Foundation
Programme and the Teacher Training Programme.
Aims and Actlvltl•$
The charity aims to provlde tranquillity to enable students to study, practice and observe the moral discipline as sel out
in the objects and this has been achieved so far by establishing Nagarjuna KMC at Thornby and Leicester and
donating funds to the International Temples Project as run by the NKT-IKBU. The International Temples Project is to
introduce the Buddhist Faith of the New Kadampa Tradition publicly throughout the world.
Volunt￿r•
The charity has many volunteers both from the local community and the residents al 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 aclivilies at our Centres have continued lo grow and flourish serving the local, national and international
communities and are special buildings dedicated to world peace.
Thornby Centre
Kadarn Bridget Heyes is the resident teacher at the Thornby Centre and NKT-IKBU National Spiritual Director for the
UK teaching at the Thornby 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 Centre is open 7 days a week wilh 17 acres of grounds
for people to enjoy and World Peace Café open daily from 11am to 4pm.
The Thornby centre provides General Programme classes two tlmes a week and lunchtime classes every weekday.
Morning Teacher Training Programme is held twice a week, evening Foundation Programme and Sunday Foundation
programme held once per week. Branch General Programme classes have successfully been in the surrounding
towns of Market Harborough, Northampton, Coventry and Daventry wlth good attendance.
In addition. to the study programs Nagarjuna KMC, Thornby provides an extensive range of half day and day courses.
weekend and week retreats, medilations and afternoon teas, and 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
attending, live music. meditations. food and stalls for visilors to enjoy.
This year the Cenlre hosted the Annual NKT-IKBU United Kingdom Dharma Celebration with over 300 people
attending, in addition to the regular visiting Kadampa centre retreats, providing the accommodation and meditation
space for their away weekends.

Nagarjuna Kadampa Meditation Centre
Report of the Trustees for the Year Ended 31 December 2024
Thornby Developments
Fundraising is taking place to repair and reslore the Collyweston roof in areas of the rnain building and garage
block. Up-grading works continued with refurbishment of resident's accommodation in the main building and insulation
to improve the heating efficiency.
Lelce8ter Centr•
Kadam Chris Heyes is the resident teacher at the Leicester Centre and International Kadampa Buddhist artist, leading
the Art Workshop at the Northampionshire cenlre.
Leicester Centre is localed in the heart of City within the shopping and café dislricl. The Centre has Iwo meditation
rooms a large meditation room on Ihe ground floor sealing over 150 people and a meditation room located in the
basement sealing 30 people. The Leicester centre provides three General Programme classes per week. weekday
lunchtime classes. Foundation Programme and Teacher Training Programme are 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 programs Nagarluna 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
Phased re-furbishment work5 of residents rooms are being carried out.
Both centres have an active local community relations leam with school, work and volunlary group visils wishing to
learn more about Buddhist philosophy and meditation.
FINANCIAL REVIEW
Reserves
The Trustees consider Ihal a level of free reserves should be retained in liquid funds equivalent to cover up to three
months overhead expenditure. These reserves are to be held in order lo malntain the basic operations of the charity
and to provide some surety against adverse financial events, such as income targets nol being achieved or
unexpected expenditure.
Total income in the period increased to £832,350 (2023.. £730,297), with the most notable movement being an
increase in income from charitable activities of 170/0. Tolal expendilure also rose in the year, up to £710.075 (2023:
£667,582), bul to a smaller degree compared lo income. This has therefore resulted in net income of £122,275 (2023.,
£62,715) for the year, an overall increase in net income of 950/0 for the year ended 31 December 2024.
There have been no movements to restricted funds in the year, and unrestricted funds have increased from
£1,881,531 lo £2,003,806.
Investment Policy
The Trustees consider that minimal risk should be undertaken regarding investments and consequently have a policy
to place funds on depostt only lo earn interest.
Approved by the Trustees on
and slgned on their behalf by
Petronella Finden
Date

Nagarjuna Kadampa Meditation Centre
Independent Examiner's Report to the Trustees of Nagarjuna Kadampa Meditation Centre
For the Year Ended 31 December 2024
I report to the charity Irustees on my examination of the accounts of the company for the year ended 31 December
2024. which are set out on pages 6 to 14.
Responsibllities and basis of report
As the Iruslees of the charity (and also its dlrectors for the purposes of company law) you are responsible for the
preparation of the accounts in accordance wilh 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 independenl 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 examiner's report
Since the company's gross Income exceeded £250,000 your examlner must be a member of a body listed in section
145 of the 2011 Act. I confirm that l arn 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 confirm that no matters have come to my altention in connection with the
examination givin9 Me cause to believe..
{1) accounting records were not kept in respect of the company as required by section 386 of the 2006 Act,. or
(2) the accounts do not accord with those accounting records; or
(3> the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any
requirement Ihal the accounts give a 'lrue and fair, view which Is not a matter considered as part of an
independent examination., or
{4) the accounts have not been prèpared in accordance with the methods and principles of the Slatemenl of
Recommended practice for accounling and reporting by charities applicable lo charities preparing their accounts
in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 1021.
I have no concerns 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 underslanding of the accounts to be reached.
David Owens FCA
Hawsons Chartered Accountants
Jubilee House
32 Duncan Close
Moulton Park
Northampton
NN3 6WL
Dale.. 26 AvsvsF 201S

Nagarjuna Kadampa Meditation Centre
Statement of Financial Activities for the Year Ended 31 December 2024
2024
Total
funds
2023
Totsl
funds
Unrestrlcted
funds
Restricted
funds
Notes
Income and endowments from:
Donations and legacies
Other trading activities
Income from investmenls
Income from chartiable activites
Other income
32,485
241,777
544
557,146
398
32,485
241,777
544
557,146
398
30,370
222,709
476
475,428
1,314
Total Incorne and endowments
832,350
832,350
730,297
Expendlture on:
Raising funds
Charitable activites
(121,787)
{588,2881
{121,787)
{588,288)
(100,969)
(566,613)
819
Total expendlture
(710,075)
(710,075)
(667,582)
Transfer between funds
Net income
122,275
122,275
62,715
Reconcillation of funds
Total funds broughl forward
1,881,531
7,719
1,889.250
1.826,535
Total funds carrled fO￿ard
2.003,806
7,719
2,011,525
1,889,250
All of the above amounts relate to continuing activities. There are no recognised gains or losses other than those in
the statement of f5nancial activities.
The notes on pages 8 to 14 form part of these financial statements.

Nagarjuna Kadampa Meditation Centre
Balance Sheet as at 31 December 2024
Notes
2024
2023
Fixed assets
Tangible assets
13
4.028,978
4,056,462
Current assets
Debtors
Other debtors
Cash at bank and in hand
14
15
5.498
35,000
158 912
3,800
35,000
99,058
199,410
137,8S8
Current liabllities
Amounts falling due wilhln one year
16
135,636
103,108
N•t current assets
63,774
34,750
Total assots less current Ilablltl••
4,092,752
4,091,212
Long term liabitios
Amounts falling due after more Ihan one year
17
(2,081,227)
(2.201.962)
Net as$•ts
2,011,525
1,889,250
Funds
Restricted funds
Unrestricted funds
18
19
7,719
2.003,806
7,719
1,881,531
2,011,525
1,889,250
For the financial year in question the company was entitled to exemption under section 477 of the Companies Act
2006 relatin9 to small companies.
No members have required the company to obtain an audit of its accounts for the year in queslion 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 lo
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 financial statements were approved by the Board of Trustees and are signed on their behalf by..
Petronella Finden
Company registration number 02926933
The notes on pages 8 to 14 form part of these financial statements.

Nagarjuna Kadampa Meditation Centre
Notes to the Financial Statements for the Year Ended 31 December 2024
Accounting policies
Basis of accounting
The financial slatements have been prepared in accordance with Accounting and Reporling 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 1Si January
2015) Charities SORP (FRS 102), the Financial Reporting Slandard applicable in the UK and Republic of
Ireland (FRS 102) and the Companies Act 2006.
The centre constitutes a public benefit entity as defined by FRS 102. Assets and liabilities are initially
recognised at historical cost or transaction value unless otherwise staled in the relevant accounting policy
note(s).
The trustees consider that there are no material uncertainties about the Trust's ability to continue as a going
concern.
The Charity has taken the available exemption under the Charities SORP (FRS 102) Update Bulletin 1. as a
smaller charity, to nol prepare a Slalement of Cash Flows.
Incomlng resources
Oonalions 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 assels are included at value where this can be quantified
and a third party is bearing the cost. The value of services provided by volunteers is not quantified and is not
included in the accounts.
Grants are recognised in the accounts when it is known that they will be received.
Fund accountlng
The charity maintains various types 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 thal 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 basis of allocation of costs
Expenditure is recognised in the period in which it is incurred.
Resources expended ar8 allocated directly lo 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 property
Fixtures, fittings and equipment
Motor vehicles
1 0/0 Straight line
15 - 25°/o reducing balance
25°/0 reducing balance
Deprecation is allocated on a 25 % to fundraising costs and 75°h to accommodation costs basis.

Nagarjuna Kadampa Meditation Centre
Notes to the Financial Statements for the Year Ended 31 December 2024
Donations and legacies
Unrestrlcted
fvnds
Reslricled
fund8
2024
Total
2023
Totsl
Donations - Leicester
Oonations- Thomby
Grant inGome - Thomby
Grant income - Leicesler
1,710
24,771
6,004
1,710
24,771
6,004
1,415
26,817
358
1,780
32,485
32,485
30,370
Income from other trading activitiès
Unrèstrlcted
fund8
R•strlct•d
fund8
2024
Total
2023
Total
Shop, café and artworf< income
Fundraising evènis
233,152
8,625
233,152
8,625
214,284
8,425
241,777
241,777
222.709
Income from Investments
Unre8lrlct•d
funds
R•8trlcted
funds
2024
Total
2023
Tolal
Bank interest receivable
544
544
476
544
544
476
Income from charltable actlvitl•s
Unrestricted
lund•
Restricted
lund8
2024
Total
2023
Total
Ino)me from renl and accommodation
Income from ujurse and study fees
310,310
246.836
310,310
246,836
292,883
182,545
557.146
557,146
475,428

Nagarjuna Kadampa Meditation Centre
Notes to the Financial Statements for the Year Ended 31 December 2024
Other income
Unfestricted
fund•
Restrictéd
funds
2024
Total
2023
Toial
Miscellaneous income
398
398
1.314
398
398
1,314
Expenditure on raislng funds
Unrestrlct•d
funds
Restricted
funds
2024
Total
2023
Total
Shop, café and athork ¢o$l$
Fundraising Gosls
121,466
321
121.466
321
100,446
523
121,787
121,787
100,969
Included in shop, café and artwork costs is £2,664 (2023.. £2,647) which relates to the deprecation for the
Leicester centre and £12,498 (2023: £12.080) which relates lo the centre at Thornby.
Exp•ndilur• on charitable activitles
Unrestrlct•d
funds
R••trlcl•d
funds
2024
Total
2023
Total
Accommodation and education
Donations to other NKT centres
Support costs
Accountancy costs
VAT partial exemption restriction
536,479
360
29,069
3,990
18,390
536,479
360
29,069
3.990
18.390
515,202
360
31,153
1,125
18,773
588,288
588,288
566,613
Included in accommodation and education costs is £7.993 (2023: £7,941) which relates to the deprecation for
the Leicester centre and £37,493 (2023= £36,241) which relales to the centre at Thornby.
Expenditure on charitable activities by activity typ•
Unrestrlcled
funds
Restrlcted
funds
2024
Total
2023
Total
Accommodation and education
Donations to other NKT centres
536,479
360
536.479
360
515,202
360
536,839
536.839
515,562
10

Nagarjuna Kadampa Meditation Centre
Notes to the Financial Statements for the Year Ended 31 December 2024
10
Net income for the year
This is slated after charging..
2024
2023
Depreciation
60,648
58,909
11
Employees
The average monthly number of employees during the year was as follows..
2024
2023
Numb8r of employees
15
12
No ernployee received remuneration of more than £60,000 during the current or previous year.
12
Trustees, remuneration
No trustees were paid remuneration or expenses during the year (2023.. none).
13
Flxed assets
Fixtures,
flttings and
equipmenl
Freehold
property
Motor
Vehlcles
Total
Cost
At 1 January 2024
Additions
Oisposals
Al 31 December 2024
4,331,886
24,148
266,957
9,016
27.288
4,626.131
33,164
4,356,034
275,973
27,288
4,659,295
D•pr•¢latlon
At 1 January 2024
Disposals
Charge for the year
Al 31 December 2024
333,534
212,938
23,197
569,669
43,465
376,999
16,161
229,099
1,022
24,219
60,648
630,317
Net book value
At 31 December 2024
3,979,035
46,874
3,069
4,028,978
At 31 December 2023
3,998,352
54,019
4,091
4,056,462

Nagarjuna Kadampa Meditation Centre
Notes to the Financial Statements for the Year Ended 31 December 2024
14
Debtors
2024
2023
Trade debtors
1,910
3.588
2,510
1,290
Prepayments
5.498
3,800
15
Other debtors
2024
2023
Loan to KMC Plymouth
35.000
35,000
35.000
35,000
16
Creditors: amounts falling due withln on• year
2024
2023
Bank loans and overdrafts
Trad8 creditors
74.434
13.345
4,637
43.220
71,746
24,324
4,972
2,066
VAT
Other creditors
135.636
103.108
The following liabilities disclosed under creditors falling due within one year are secured by the charity..
2024
2023
Bank loans and overdrafts
74.434
71.746
12

Nagarjuna Kadampa Meditation Centre
Notes to the Flnanclal Statements for the Year Ended 31 December 2024
17
Creditors: amounts falling due after more than one year
2024
2023
Bank loans and overdrafts
Other creditors
1,947,068
134,159
2,021,503
180.459
2.081.227
2,201,962
The following liabilities disclosed under creditors falling due after one year are secured by the charity-
2024
2023
8ank loans and overdrafts
1,947,068
2,021.503
Included within creditors falling due after more than one year is an amount of £1,620,338 (2023.. £1,706,617)
in respect of liabilities which fall due for payment after more than five years from the balance sheet date.
18
R•strlcted funds
Balance at
1 January
2024
Balance at
31 Decembér
2024
Income
Expenditure
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 8uddha statues.
19
Unrestflcted funds
Balance at
Balance al
31 OerAmber
2024
1 January
2024
Income
Expenditure
General lund
1,881.531
832.350
(710,075)
2,003.806
1,881.531
832.350
1710,075)
2,003,806
13

Nagarjuna Kadampa Meditation Centre
Notes to the Financial Statements for the Year Ended 31 December 2024
20
Analysis of net assets between funds
Tangible
fixed assets
Long lemi
liabililes
Assets
Total
Restricted funds..
Art Workshop
7,719
7,719
Unreslricled funds
4,028.978
88,855
12,114,027)
2.003,806
Total funds
4,028.978
96.574
2,114,027
2,011,525
21
Company Llmit•d by guarant••
The company is limited by guarantee whereby in the event of winding up each member being a member at the
time of winding up or within one year of this evenl promises to pay an amount as demanded not exceeding
£10 to be used to pay the liabililies of the charity logether with the costs of winding up.
14