|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| ## ##