| The trustees, who are also Directors Ibr Period Ended 31stDecember 2021 |
lhs purposes of company law, have pleasure In presenting Ihelr report and ths |
financial efatemenis | financial efatemenis | for ths | for ths | 8 | month |
|---|---|---|---|---|---|---|---|
| Structure, Governance end Management |
|||||||
| Kedampa Meditation Centre Soulhsmpton is e registered chsrity (1050811)end s company llmiled by guaranies registered In England (3048918) |
and is | ||||||
| governed by its memorandum snd si1iclss of association. The dlrr.clors are Ihs charily trustees for Ihe purpases of Ihs |
Charilies Acl | 2011, | The company's | ||||
| structure, governance and management accordance with the chsrily's constitution objects of the charity and be nominated |
are sel oui in detail In ths KMC Soulliamplon's constitution. Direclors of KMC snd guidance provided by lhe Chsrilies Commission. A potential new Director by two members ofthe ctiarily. Directors are required to declare their eligibillly |
Soulhampton are appointed musl fully understand and in accordance with chanties |
in support the |
||||
| commission guidance. Nominatlans must be made in writing and signed by the members making the nomination. Members can only sech. Election ofa Director is determined at the AGM by a poll conducled by the chairperson. |
nominate one |
candidate | |||||
| Principal scthiity | |||||||
| The prinapal activity ofthe charity is to promote Kadampa Buddhism according to the teachings ofJeTsongkhapa as taught by Venerable |
Geshe | Keisang | |||||
| 1 | providing an education programme ofdrop-in classes, study programmes, retreats, day/weekend |
courses, | public | ||||
| talks and special events. | |||||||
| 2 | Providing the facilities to house a small community ofpeople who wish to study on the educagon |
programme | and to | ||||
| follow the moral discipline of Kadampa Buddhism. |
|||||||
| 3 | Running a shop, which principally sells teaching and ritual materials to facilitate the practice |
ofKadampa | Buddhism. | ||||
| The shop also sells gift items for fundraising. | |||||||
| 4 | Running a simple coffee shop, selling teas, coffees and various pre-packaged |
food items. | |||||
| These aims are supported financially through fees from the education programmes, proceeds from the shop/cafe, income from rented accomodation |
at the | ||||||
| Centre and donations. The classes and Centre are open to every member ofthe public and as such are made available |
and accessible to | everyone. | The | ||||
| Centre seeks to make a positive impact | on the local community. | ||||||
| How Southampton KMC activities deliver public benefit |
|||||||
| Southampton KMC offers the following services to directly deliver public benefit: |
|||||||
| 1 | An education programme consisting of meditation classes, courses and retreats. We teach and how to use practical methods to find happiness fram within and to reduce stress in their |
people how to daily lives. |
meditate | ||||
| 2 | Ashop selling books and CDs on meditation, ritual objects and gifts. |
||||||
| 3 | A small coffee shop where people can enjoy teas, coffess, cakes and biscuits | in peaceful surroundings. | |||||
| 4 | Free chanted prayers (daily, weekly and monthly) open to all. |
||||||
| 5 | Hosling school and group visits. | ||||||
| 6 | A local volunteer programme. |
||||||
| T | Hosting local community events such as Public Talks, organised outreach free supporting local events hosted by other groups in the community. |
activities and | parbcipating | and |
| Unrestricted | Restricted | Total | Prior year | |||
|---|---|---|---|---|---|---|
| Note | a mttts to K |
y/e 30/04/21f | ||||
| Incolne | ||||||
| Income and endowments | from: | |||||
| Donations, legacies and grants |
17,499 | 1,295 | 18,794 | 51,525 | ||
| Charitable activities |
59,769 | 59,769 | 82,089 | |||
| Other trading activities |
1,207 | 1,207 | 290 | |||
| Investments | 13 | 13 | 53 | |||
| Total Income | 78,488 | 1,295 | 79783 | 133,957 | ||
| Expenditure Charitable activities |
5&7 | 83,622 | 1,295 | 84,917 | 101,485 | |
| Other trading activities |
6 | 3,321 | 3,321 | 5,334 | ||
| Total Resources Expended | 86,943 | 1,295 | 88,238 | 106,819 | ||
| Net income/(expenditure) | (8,455) | (8,455) | 27,138 | |||
| Transfers between funds |
||||||
| Net /novement in funds |
(8,455) | (8,455) | 27,138 | |||
| Recttncilation offunds |
||||||
| Total funds brought forward |
543,882 | 543,882 | 516,744 | |||
| Total funds carried forward | 535,427 | 535,427 | 543,882 |
| Unreslrlcted Restricted |
Unreslrlcted Restricted |
Total | Pr1or year | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| S nrths te 31/12/21 | YE 30/04/21 | |||||||||||||
| Note | it | 8 | ||||||||||||
| Fixed Assets | ||||||||||||||
| Tangible Assets | 1,500,782 | 1,508,782 | 1,518,660 | |||||||||||
| Intangible Assets |
6,978 | 6,978 | 3,600 | |||||||||||
| Total | Fixed Assete | 1 5'l5,760 | 1,515,760 | 1,520,260 | ||||||||||
| Current Assets | ||||||||||||||
| Stocks | 9 | 10,439 | 10,439 | 9,403 | ||||||||||
| Debtors | 10 | 5,990 | 5,990 | 3,493 | ||||||||||
| Cash at bank and in | hand | 47,696 | 47,696 | 71,557 | ||||||||||
| Total Current Assets | 64,125 | 64,125 | 84,453 | |||||||||||
| Creditors: amounts | falling due | within | one year | (30,930) | (30,930) | (31,047) | ||||||||
| itet cunent assets/(liabilities) | 33,196 | 33,196 | 53,406 | |||||||||||
| Total assets less cunent | liabilities | 1,548,956 | 1,548,956 | 1,573,666 | ||||||||||
| Creditors: amounts | falling due | after one year | 12 | (1,013,528) | (1,013,528) | (1,029,784) | ||||||||
| Total net assets or liabilities | 535,427 | 535,427 | 543.882 | |||||||||||
| Funds ofthe Charity | 13 | |||||||||||||
| Restricted income funds | 0 | 0 | ||||||||||||
| Unrestricted funds |
535,427 | 543.882 | ||||||||||||
| Total Funds | 535,427 | 543,882 | ||||||||||||
| The oompany was entitled io exemption |
from audii | under s477 ofthe Companies Aci 2006 relating io small companies. | ||||||||||||
| The members have noi rertuired |
the | company io | obieln an eudiiin accordance | with section 476 ofthe Companies | Aci 2006. | |||||||||
| The directors acI/now/edge |
their | responsibilities | for | complying | wilh the requiremenls | ofthe Companies Aci with respeci |
io accounting records and |
the prepare/ion | ||||||
| ofaccounts. | ||||||||||||||
| These accounts have | been | prepared | ln | accordance | wiih the provisions | applicable | io smell companies subject lo |
the small companies regime and |
in accordance | |||||
| wire FRSf02 SORP. |
| 2.Income from donations | and legacies | Unrestricted | Restricted | Total | Total | ||
| f | f | Smlrm lo 31/12/21 f |
YE 30/04/21f | ||||
| Donations and legacies |
3,662 | 1295 | 4957 | 9,436 | |||
| Gift Aid recovered | 1,069 | 1,069 | 2,232 | ||||
| Grants received | 12,768 | 12,768 | 39,857 | ||||
| 17,499 | 1,295 | 18,794 | 51,525 | ||||
| Restricted funds off1,295 received in the 8 month Resident Teacher at KMC Southampton. |
period ending 31stDecember 2021 were donations as | follows: f1,295given towards the expenses ofthe | |||||
| 3.Income from Charitable | activities | Unrestricted | Restricted | Total | Total | ||
| f | f | Smum to 31M2I2r f |
YE 30/04/21f | ||||
| Education | 47,363 | 47,363 | 64.454 | ||||
| Centre | 11,440 | 11,440 | 17.160 | ||||
| Bookshop/Ritual | 728 | 728 | 392 | ||||
| Coffee shop | 238 | 238 | 83 | ||||
| 59,769 | 0 | 59,769 | 82,089 | ||||
| 4.Income from other trading | activities | Unreslricted | Restricted | Total | Total | ||
| 2miss to 31/12I21 | YE30/04/21 | ||||||
| f | f | f | f | ||||
| Gift shop | 1,207 | 1,207 | 290 | ||||
| 1,207 | 0 | 1,207 | 290 |
| 5.Expenditure on charitable |
activities | activities | ||||
|---|---|---|---|---|---|---|
| a) Educedan expenditure |
Unrestricted | Restricted | Total | |||
| d tltllte te 21I1821 | YE30/04/21 | |||||
| 6 | 6 | 6 | E | |||
| Venue, travel end other event | costs | 6,438 | 5,438 | 2,145 | ||
| Advertising, marketlitg and publicity |
10,380 | 10,380 | 12,947 | |||
| Livestreaming ITcosts |
622 | 622 | 1,524 | |||
| Meditation room costs |
1,81 I | 1,811 | 1,889 | |||
| Sponsorship and Guest Teacher costs Support costs (apportioned) |
3,664 24,726 |
1,296 | 6,159 24,726 |
5,496 32,219 |
||
| 46,641 | 1,296 | 48,136 | 56,201 | |||
| b) Centre expenditure | Unrestricted | Restricted | Total | Total | ||
| d mths ta 21l12/21 | YE 30/04/21 | |||||
| 6 | 8 | 8 | ||||
| property service charges (Residendal Residential Flats expenditure |
Flats) | 1,333 1,610 |
1,333 1,610 |
0 2,240 |
||
| Support costs (apportioned) |
24,709 | 24,709 | 32,778 | |||
| 27,652 | 27,652 | 35,017 | ||||
| c) Coffee shop expenditure | Unrestricted | Restricted | Total | Total | ||
| d mths to 31I12I21 | YE30/04/21 | |||||
| f | 6 | 6 | ||||
| Coffee shop purchases (stock) Coffee shop expenses Support costs (apportioned) |
155 592 3,697 |
155 592 3,697 |
449 589 5,016 |
|||
| 6,053 | ||||||
| d) Book/Ritual expenditure |
Unrestricted | Restricted | Total | Total | ||
| e mths ta 31n ZIZI | YE30/04/21 | |||||
| 6 | 6 | |||||
| Book/Ritual purchases (stock) Support costs (apportioned) |
988 3,697 |
988 3,697 |
(802) 5,016 |
|||
| 4,685 | 4,685 | 4,214 |
| e)Support costa | Charitable actlvllles |
Charitable actlvllles |
Charitable actlvllles |
Trading | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Tblal | Total | Educallon | Centre | Coffee | Book/ | Gift | ||||
| 8 mrlto lo | ||||||||||
| YE30/04/21 | 3u12/31 | |||||||||
| Mortgage Interest payable Maintenance, security end |
25,336 2,119 |
16,739 4,651 |
5,022 2,093 |
7,199 1,859 |
1,506 233 |
1,506 233 |
1,506 233 |
|||
| Utilihes | 11530 | 9,078 | 4,085 | 3,631 | 454 | 454 | 454 | |||
| Property service charges | 0 | 673 | 303 | 268 | 34 | 34 | 34 | |||
| Insurance | 2,496 | 1,671 | 752 | 667 | 84 | 84 | 84 | |||
| 0%ce and administration | costs | 3,220 | 2,575 | 1,159 | 1,029 | 129 | 129 | 129 | ||
| Stair Costs (including stipend) |
11,783 | 7,851 | 3,533 | 3,139 | 393 | 393 | 393 | |||
| Accountancy and Independent |
300 | 408 | 184 | 164 | 20 | 20 | 20 | |||
| Legal &Professional Fees |
323 | 21 | 9 | 9 | 1 | 1 | 1 | |||
| Bank and credit card charges | 1,461 | 818 | 368 | 327 | 41 | 41 | 41 | |||
| Motor vehide and travel | costs | 697 | 382 | 172 | 153 | 19 | 19 | 19 | ||
| Charitable donations |
3,025 | 2,200 | 990 | 880 | 110 | 110 | 110 | |||
| Depreciation | 17,754 | 13,459 | 6,056 | 5,384 | 673 | 673 | 673 | |||
| Tots I Costs | 80,044 | 60,526 | 24,726 | 24,709 | 3,697 | 3,697 | 3,697 | |||
| Mortgage costs are allocated | on the basis ofthe purchase cost ofeach section ofthe property. |
All other | support costs are apportioned based on an |
|||||||
| estimabon oftime spent |
by support staff on each area ofactivity. | |||||||||
| 6 Expenditure on Other trading activities |
||||||||||
| Gift shop expenditure | Unrestricted | Restricted | Total | Total | ||||||
| 8mtho to 31I12I21 | YE30/04/21 | |||||||||
| E | E | E | ||||||||
| Gift shop purchases | (386) | (386) | 318 | |||||||
| Gilt shop expenses | 10 | 10 | 0 | |||||||
| Support costs (apportioned) | 3,697 | 3,697 | 5,016 | |||||||
| 3,321 | 3,321 | 5,334 | ||||||||
| 7.Oetails ofcertain types of | expenditure | 8mtho to 31/12I21 | YE30/04/21 | |||||||
| Fees for the examination | ofthe accounls: | E | ||||||||
| independent examiner's |
fees | 300 | 300 | |||||||
| 300 | 300 |
| 8, Tanglbl ~ Ffxed Assets | 8, Tanglbl ~ Ffxed Assets | Leasehold | Leasehold | Furniture | Omce | Molor | Ca/e | Leasehold | Compuler | Tots I | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Properly | & Fillings | Ettpt | 1/chicle | Eqpt | lmprvmts | Eript | |||||
| Cost or valuation | E | E. | E | E | E | E | E | ||||
| At 01 May 2021 | 1,270,000 | 29,199 | 4,170 | 4,495 | 5,432 | 278,663 | 4,440 | 1,596,599 | |||
| Additions | 384 | 0 | 0 | 3,180 | 975 | 4,539 | |||||
| Disposals | 0 | ||||||||||
| At 31 December 2021 | 1 | 270,000 | 29583 | 4 170 | 4,495 | 5432 | 282 043 | 5415 | 1 801 138 | ||
| Depreciation | |||||||||||
| At 01 May 2021 | (17,568) | (3,591) | (4,495) | (2,870) | (50,423) | (990) | (79,939) | ||||
| Charge for year | 992 | 255 | 905 | 9.403 | 862 | 12,417 | |||||
| At 31 December 2021 | 18,560 | 3,846 | 4,495 | 3,775 | 59,826 | 1,852 | 92,356 | ||||
| Net book value | |||||||||||
| At 01 May 2021 | 1,270,000 | 11631 | 579 | 2,561 | 228,440 | 3450 | 1 516,660 | ||||
| At 31 December 2021 | 1,270,000 | 11,023 | 324 | 1,656 | 222,217 | 3,563 | 1,508,782 | ||||
| 8s. Intangible Fixed Assets |
Total | ||||||||||
| Cost or valuation | Websitef | E | |||||||||
| At 01 May 2021 | 4,500 | 4,500 | |||||||||
| Additions | 4,420 | 4,420 | |||||||||
| Disposals | 0 | ||||||||||
| At 31 December 2021 | 8,920 | 6920 | |||||||||
| Depreciation | |||||||||||
| At 01 May 2021 | (900) | (900) | |||||||||
| Charge for year | 1,042 | 1,042 | |||||||||
| At 31 December 2021 | 1,942 | 1,942 | |||||||||
| Net book value | |||||||||||
| At 01 May 2021 | 3,600 | 3,600 | |||||||||
| At 31 December 2021 | 6,978 | 6,978 | |||||||||
| 9.Stocks | S /otho to 31/12/21f | YE30/04/21 f |
|||||||||
| Stock ofitems for resale | 10,439 | 9,403 | |||||||||
| 10.Debtors | 8mtho to 31/12/21 | YE30/04/21 | |||||||||
| E | |||||||||||
| Prepayments | 3,742 | 2,443 | |||||||||
| Other debtors | 2,248 | 1,050 | |||||||||
| 5,990 | 3,493 | ||||||||||
| 11.Creditors: Amounts | falling due within one | year | Smths lo 31/12/21 | YE 30/04/21 | |||||||
| E | E | ||||||||||
| Trade creditors | 81 | 1,133 | |||||||||
| Accruals | 1,560 | 677 | |||||||||
| Prepaid funds for courses | not | yet given | 3,989 | 4,467 | |||||||
| Mortgage capital repayments |
due within one year | 24,250 | 23,720 | ||||||||
| Other creditors | 1,050 | 1,050 | |||||||||
| 30930 | 31,047 |
| 12.creditors: Amounts | 12.creditors: Amounts | fislllng | due after | mors than ons year | mors than ons year | iea» u airs/st | YE 30/04/21 | |||
|---|---|---|---|---|---|---|---|---|---|---|
| 6 | 8 | |||||||||
| Mortgage | 723,626 | 739,764 | ||||||||
| Loans from Kadamps | Med//sf/on | Centres: | ||||||||
| Madhyamake | Ksdampa | Meditation | Centre | Lttl | 40,000 | 40,000 | ||||
| Bodhisattva Kadsmpa Meditation |
Centre | 200,000 | 200,000 | |||||||
| Tars | Kedsrnpa | Meditation | Cenlrs | Lid | 50,000 | 50,000 | ||||
| 1 013,528 | 1,029,784 |
| 13.Char | ity Funds | ity Funds | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Detaila | of material funds | held and | movements durin |
the | CURRENT re | ortin eriod |
8 months to | 31/12/21 | |||
| Purpose | 8 | Fund | Income Ex |
enditure | Transfers | Gains | Fund | ||||
| Fund names | Restriction | ||||||||||
| General | funds | 543,882 | 76,486 | 66,943 | 535427 | ||||||
| Resident | Teacher Support | donations | 1,295 | 1,295 | |||||||
| Total funds as per balance | sheet | 543 882 | 79783 | 88238 | 535427 | ||||||
| Details | of material funds | held and | movements durin |
the | PREVIOUS re | ortin eriod |
E30/04/21 | ||||
| Purpose | & | Fund | Income Ex |
enditure | Transfers | Gains | Fund | ||||
| Fund names | Restriction | ||||||||||
| General | funds | 516,744 | 131,180 | 104,042 | 543,682 | ||||||
| IT Equipment | for Live Streaming | donation towards |
10 | 10 | |||||||
| Resident | Teacher Support | donations | 2,767 | 2,767 | |||||||
| Total funds as per balance | sheet | 516744 | 133,957 | 106,819 | 543,882 |