| Company Information |
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|---|---|---|
| , ' I Report ofthe Trustees |
2-4 | |
| Independent Examiner's |
Report Tothe Trustees | |
| I | ||
| Statement ofFinancial Activities | ||
| j | i'. rt | |
| Balance Sheet | ||
| Trustee Statement | ||
| Notes to the Financial Statements |
| TrusteeslDirectora | TrusteeslDirectora | Ben Gallagher - appointment | Ben Gallagher - appointment | terminated | terminated | 8th December 2020 | ||
|---|---|---|---|---|---|---|---|---|
| Andrew Collinson - reappointed |
8th December 2020 | |||||||
| Gail Mott - reappointed 8th December 2020 Jennifer Andrews - appointed 3rd December 2020 ' |
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| Company Secretary | Alyson Evans | |||||||
| Registered | Office | 21-22Hanover Buildings |
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| Southampton | ||||||||
| Hampshire | ||||||||
| SO14 1JU | ||||||||
| Registered | Charity Name | Kadampa Meditation Centre |
(KMC) Southampton | |||||
| (Limited by Guarantee) | (known throughout | this | ||||||
| document as KMC Southampton) | ||||||||
| Registered | Company | Number | 3048918 | |||||
| Registered | Charity Number | 1050611 | ||||||
| Independent | examining | accountant | M RCooper BSc(Hons) ACA | |||||
| Welbeck Accountancy | ||||||||
| 29Welbeck Avenue | ||||||||
| Southampton . |
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| SO171ST | ||||||||
| Bankers | BARCLAYS Business | Bankin | ||||||
| P.O.Box6539 | ||||||||
| Leicester | ||||||||
| LE872BB | ||||||||
| TRIODOS Bank | ||||||||
| Deanery Road, Bristol. | BS1 | 5AS | ||||||
| Bristol | ||||||||
| BS15AS |
| Unrestricted | Restricted | Total | Prior year | |||
|---|---|---|---|---|---|---|
| funds | income | funds | funds | |||
| funds | 2021 | 2020 | ||||
| Note | E | E | ||||
| Income | ||||||
| Income and endownrents | rroin: | |||||
| Donations, legacies and grants Charilabbr acbvibes Other trading acbv8ies Investments |
48,748 82,089 290 53 |
2,777 | 51,525 82,089 290 53 |
37,704 112,624 4,780 85 |
||
| Total Income | 131,179 | 133,957 | 155,194 | |||
| Expenditure | ||||||
| Charitable activibes Other trading ac8vtbes |
587 6 |
98,708 5,334 |
2,777 | 101~5 5+34 |
126,030 8,217 |
|
| Total Resources Expended | 104,042 | 2,777 | 106,819 | 134447 | ||
| Net Incomef(expenditure) | 27,138 | 0 | 27,138 | 20,947 | ||
| Transfers between funds | 0 | |||||
| Het movement in t'unde |
27,138 | 0 | 27,138 | 20,947 | ||
| Reconctlabon offunds | ||||||
| Total funds brought forward | 516,744 | 0 | 516,744 | 495,797 | ||
| Total funds canled forward | 543,882 | 0 | 543,882 | 516,744 |
| Unresbicted | Resbicted | Total | Total | |||||
|---|---|---|---|---|---|---|---|---|
| Funds | Funds | Funds | 2020 | |||||
| E | F | L | ||||||
| Donations and legacies Gift Aid recovered Grants~ |
6,659 2.232 39,857 |
2,777 | 9436 2832 39,857 |
30,282 7,423 0 |
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| 48,748 | 2.777 | 51,525 | 37,704 | |||||
| expenses | funds ofE2.777received ofthe Resident Teacher |
in the year ended 2021 were at KMC Southampton (induding |
donations donations |
as follows: f10towards Live Streaming equipment; towards a replacement mobile phone). |
R2,767given towards the | |||
| Unrestricted | Restricted | Total | Total | |||||
| 3.Income | from Charitable activities | Funds | Funds | Funds | 2020 | |||
| E | 6 | E | ||||||
| Education | 64,454 | 64,454 | 86,185 | |||||
| Centre | 17,160 | 17,160 | 17,160 | |||||
| Bookshop/Ritual | 392 | 392 | 5,646 | |||||
| Coffee shop | 83 | 83 | 3,633 | |||||
| 82,089 | 0 | 82,089 | 112,624 | |||||
| Unrestricted | Restricted | Total | Total | |||||
| 4.Income | from other trading activities | Funds | Funds | Funds | 2020 | |||
| 6 | K | |||||||
| Gift shop | 290 | 290 | 4,780 | |||||
| 0 | 290 | 4,780 |
| 5.Expenditure on Char1tabte acttvtIes |
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|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | |
| ~travel and other event cosh Advertismg, marke6ng and pub8city Uvestreaming ITcosh Merrilation room costs Sponaxship and Guest Teacher costs Support costs (apportioned) |
Funds 2,145 12,947 1,514 1,869 2,729 32,219 |
Funds f 10 2,767 |
Fundsf 2,145 12,947 1,524 1,869 5,496 32+19 |
2020f 13,016 7,563 0 2,512 6,767 36,818 |
| 53,424 | 2,777 | 56,201 | 66„676 | |
| Unrestricted | Restricted | Total | Total | |
| b)Centre expenrtitrae | Fundsf | Fundsf | Fundsf | 2020f |
| Property service charges (Residenlial Rats) Residential Rah expendhure Support cosh (apportioned) |
0 2,240 32,778 |
0 2+40 32,778 |
2.428 0 36,933 |
|
| 35,017 | 35,017 | 39,361 | ||
| Unrestricted | Restricted | Total | Total | |
| c) Colree shop expenditure | Fundsf | Funds | Fundsf | 2020f |
| Collise shop purchases (stock) Coffee shop expenses Support cosh (apportioried) |
449 589 5,016 |
449 589 5,016 |
1,512 2,130 5,550 |
|
| 6,053 | 6,053 | 9,193 | ||
| Unrestricted | Restricted | Total | Total | |
| d) Book/Ritual expenditure |
Fundsf | Fundsf' | Fundsf | 2020f |
| BooldRitual purchases (stock) Support cosls (apportioned) |
(802) 5,016 |
(802) 5,016 |
5.250 5,550 |
|
| 4,214 | 4,214 | 10,800 |
| e)Support costs | Charitable activities |
Charitable activities |
Charitable activities |
Trading activities |
|||||
|---|---|---|---|---|---|---|---|---|---|
| Mortgage interest payable Maintenance, security and |
Total 2020 25,750 |
25,335 Total |
7,601 Education |
Centre 10,894 |
CofFee sho 2,280 |
Book/ Ritual sho 2,280 |
GIR sho 2,280 |
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| health &safety costs Ubiibes Property service charges |
2,802 15,556 |
2,119 11,530 |
953 5,189 |
847 4,612 |
106 577 |
106 577 |
106 577 |
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| (Commercial Buikbng) Insurance OIRce and admin stration costs Stair Costs (induding sbpend) ~tancy and Independent Examination Legal &Professional Fees Bank and credit card charges Motor vehide and travel costs Charbabie donations Depreciation |
1,050 2,418 5,855 12,157 300 1,327 1,561 651 3,175 17,800 |
0 2,496 3,220 11,783 300 323 1,461 697 3,025 17,754 |
0 1.123 1,449 5,302 135 145 658 313 1,361 7,990 |
0 999 1,288 4,713 120 129 585 279 1,210 7,102 |
0 125 161 589 15 16 73 35 151 888 |
0 125 161 589 15 16 73 35 151 888 |
0 125 161 589 15 16 73 35 151 888 |
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| Total Costs | 90,401 | 80,044 | 32,219 | 32,778 | 5,016 | 5,016 | 5,016 | ||
| Mortgage costs are aRocated on the basis ofthe estimation oftime spent by support staff on each |
purchase cost ofeach section ofthe property. area ofactivity. |
All other | support | costs are | apportioned based on an |
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| 6.Expenditure on Other trading activities |
|||||||||
| Unrestricted | Restricted | Total | Total | ||||||
| Gift s)top expenditure | Funds | Funds | Funds | 2020 | |||||
| E | 6 | ||||||||
| Giftshop purchases | 318 | 318 | 1,834 | ||||||
| Gift shop expenses | 0 | 0 | 832 | ||||||
| Support costs (apportioned) | 5,016 | 5,016 | 5,550 | ||||||
| 5,334 | 5,334 | 8+17 | |||||||
| 7.Details ofcertain types ofexpenditure | 2021 | 2020 | |||||||
| ees forfhe examination ofthe accounts |
6 | ||||||||
| ndependent examiner's fees |
300 | 300 | |||||||
| 300 | 300 |
| 8.Tangible Fixed Assets | 8.Tangible Fixed Assets | Leasehold | Furniture | Olfice | Motor | Cafe | Leasehold | Computer | Total | |
|---|---|---|---|---|---|---|---|---|---|---|
| Property | &Fittings | Eqpt | Vehicle | Eqpt | Imprvmts | Eqpt | ||||
| Cost or valuation | E | K | 6 | R | ||||||
| At01 May 2020 | 1,270,000 | 27,096 | 4,170 | 4,495 | 5,432 | 275,187 | 1,387 | 1,587,765 | ||
| Additions | 2,103 | 0 | 0 | 3,677 | 3,053 | 8,833 | ||||
| Disposats | 0 | |||||||||
| At30April 2021 | 1,270000 | 29,199 | 4,170 | 4,495 | 5,432 | 278,863 | 4,440 | 1596599 | ||
| Depreclabon | ||||||||||
| At 01 May 2020 | (17,374) | (3,012) | (4,495) | (1,512) | (36,631) | (61) | (63,085) | |||
| Charge foryear | 195 | 580 | 1,358 | 13793 | 930 | 16854 | ||||
| At30April 2021 | 17,568 | 3,591 | 4,495 | 2,870 | 50,423 | 990 | 9939 | |||
| Net book value | ||||||||||
| At 01 May 2020 | 1,270,000 | 9,722 | 1,158 | 3,919 | 238,556 | 1,326 | 1524681 | |||
| At 30April 2021 | 1,270,000 | 11,630 | 578 | 2,561 | 228,440 | 3,450 | 1,516,660 | |||
| 8a.intangible Fixed Assets |
Total | |||||||||
| Website | ||||||||||
| Cost orvatuadon | 6 | |||||||||
| At 01 May 2020 | 0 | |||||||||
| Additions | 4,500 | 4,500 | ||||||||
| Disposals | 0 | |||||||||
| At 30April 2021 | 4,500 | 4500 | ||||||||
| Depreciation | ||||||||||
| At 01May 2020 | 0 | |||||||||
| Charge for year | 900 | |||||||||
| At 30April 2021 | 900 | |||||||||
| Net book value | ||||||||||
| At 01 May 2020 | ||||||||||
| At 30April 2021 | 3,600 | 3,600 | ||||||||
| 9.Stocks | 2021 | 2020 | ||||||||
| Stock ofitems for resale | 9,403 | 9,732 | ||||||||
| 10.Debtors | 2021 | 2020 | ||||||||
| 8 | E | |||||||||
| Prepayments | 2,443 | 4,081 | ||||||||
| Other debtors | 1050 | 1,110 | ||||||||
| 3493 | 5,191 | |||||||||
| 11.Creditorsi Amounts | falling due within one | year | 2021f | 2020 R |
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| Trade ceditors | 1~133 | 1,151 | ||||||||
| Acciuals | 677 | 641 | ||||||||
| Prepaid funds for courses | not | yet given | 4,467 | 1,176 | ||||||
| Mortgage capilal repayments | due within one year | 23,720 | ||||||||
| Other cedilors | 1,050 | 1,05D | ||||||||
| 31047 | 4.018 |
| 12.Creditors: Amounts | falling | due alter | more than one year | 2021 | 2020 | ||||
| E | L | ||||||||
| Mortgage | 739,784 | 763,504 | |||||||
| Loans from Kadampa | Medilation | Centres: | |||||||
| Madhyamaka | Kadampa | Meditation | Centre Ltd | 40,000 | 40,000 | ||||
| Bodhisattva Kadampa Meditation |
Centre | 200,000 | 200,000 | ||||||
| Tara | Kadampa | Meditation | Centre Ltd | 50,000 | 50,000 | ||||
| 1029784 | 1,053,504 |
| Details ofmaterial funds | Details ofmaterial funds | held and movements durin |
held and movements durin |
the | PREVIOUS re | PREVIOUS re | rtin | riod | ||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | Fund | |||||||||||
| balances | Gains | balances | ||||||||||
| Purpose 8 | blfwd | Income | Ex | nditure | Transfers | SLosses | clfwd | |||||
| Fund names | Restriction | |||||||||||
| General funds | 494 | 772 | 152,804 | 132657 | 1825 | 516744 | ||||||
| donation towards |
the | |||||||||||
| Window Manifestation | window manifestion | 1,000 | 1,000 | |||||||||
| donation towards |
the | |||||||||||
| commercial coffee |
||||||||||||
| Cotfee Machine | machine | 25 | 980 | 1,005 | ||||||||
| donation towards |
||||||||||||
| tech required for | live | |||||||||||
| ITE ui ment for Live | Streamin | streami classes |
820 | 820 | ||||||||
| donations | ||||||||||||
| towards the | ||||||||||||
| Resident | ||||||||||||
| Teacher's | ||||||||||||
| Resident Teacher Su | oit | e nses |
1,590 | 1,590 | ||||||||
| Total funds as per balance sheet | 495 | 797 | 155,194 | 13424 | 516744 |