Charity Registration No. 1058203
Company Registration No. 03215686 (England and Wales)
GANDEN BUDDHIST CENTRE
TRUSTEES’ REPORT AND
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Charity Registration No. 1058203
Company Registration No. 03215686 (England and Wales)
GANDEN BUDDHIST CENTRE
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
| Page | |
|---|---|
| Company Information | 1 |
| Trustees’ Report | 2 |
| Balance Sheet | 4 |
| Notes to the Financial Statements | 6 |
| Independent Accountant’s Report | 9 |
| Income and Expenditure Account | 10 |
Charity Registration No. 1058203
Company Registration No. 03215686 (England and Wales)
GANDEN BUDDHIST CENTRE
COMPANY INFORMATION FOR THE YEAR ENDED 31 DECEMBER 2024
DIRECTORS:
Mr Alan Williams Ms Lisa Devine Mr Martin Allingham
REGISTERED OFFICE:
5 North Bridge North Bridge Halifax West Yorkshire HX1 1XH
REGISTERED NUMBER: 03215686 (England and Wales)
CHARITY NUMBER: 1058203
ACCOUNTANTS:
Partner Accountancy The Junction, Office 43 Charles Street Horbury West Yorkshire WF4 5FH
Page 1
GANDEN BUDDHIST CENTRE
TRUSTEES’ REPORT FOR THE YEAR ENDED 31 DECEMBER 2024
The trustees present their report and financial statements for the Period ended 31 December 2024.
STRUCTURE, GOVERNANCE AND MANAGEMENT
PRINCIPLE ACTIVITY
The principal activity of the company is to promote the Buddhist faith through the activities of teaching, study, practice and the observance of moral discipline all within the Buddhist tradition of Je Tsongkhapa through the three New Kadampa Tradition Education Programmes.
GOVERNING DOCUMENT
Ganden Buddhist Centre is a charitable company limited by guarantee. The company was established under a Memorandum of Association dated 24th June 1996 which established the objects and powers of the charitable company and is governed under its Articles of Association.
REVIEW OF PROGRESS
This year began with a steady growth in the numbers of regular attendees. Membership card holders have increased, and so has attendance on weekend courses. Classes are still varied regarding numbers. Sometimes climbing to double figures and other times finding only 1 person attending. We have struggled for volunteers this year due to people having work commitments. Our TTP class is stable with four students. The FP was also stable throughout the year. There was an attempt at starting a new branch in Hebden Bridge but it did not really take off during this year.
The regular community members have remained supportive of the Centre and of each other, showing an inspiring example of Kadampa Buddhism in practice. They have also become more significantly Buddhist in their approach.
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GANDEN BUDDHIST CENTRE
TRUSTEES’ REPORT FOR THE YEAR ENDED 31 DECEMBER 2024
RESPONSIBILITIES OF THE MANAGEMENT COMMITTEE
Company law requires the Management Committee to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company as at the balance sheet date and of its incoming resources and application of resources, including income and expenditure, for the financial year. In preparing those financial statements, the management committee should follow best practice and:
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Select suitable accounting policies and apply them consistently
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Make judgments and estimate that they are both reasonable and prudent
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Prepare the financial statements on the going concern basis unless it is inappropriate to assume that the company will continue on that basis.
The management committee is responsible for maintaining proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. The managements committee is also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the detection and prevention of fraud or other irregularities.
TRUSTEES
The trustees, who are also directors for the purpose of company law, shown below have held office during the whole of the period from 1[st] January 2024 to the date of this report.
Mr Alan Williams Ms Lisa Devine Mr Martin Allingham
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ON BEHALF OF THE BOARD OF TRUSTEES:
........................................................................ Ci by AA L Le
Mr Alan Williams
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Date: 18 Sep 2025
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Charity Registration No. 1058203
Company Registration No. 03215686 (England and Wales)
GANDEN BUDDHIST CENTRE
BALANCE SHEET 31 DECEMBER 2024
| Notes FIXED ASSETS Tangible assets 6 CURRENT ASSETS Cash at bank CREDITORS Amounts due within 1 year 7 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES CREDITORS Amounts falling due after more than one year 8 NET ASSETS MEMBERS’ FUNDS Unrestricted funds |
2024 £ 8,499 8,499 (7,960) |
£ 118,804 539 119,343 (13,189) 106,154 106,154 106,154 |
2023 £ 5,759 5,759 (5,530) |
£ 119,283 229 119,512 (20,099) 99,413 99,413 99,413 |
|---|---|---|---|---|
The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for:
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(a) ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
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(b) preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its income and expenditure for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.
The notes form part of these financial statements
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Charity Registration No. 1058203
Company Registration No. 03215686 (England and Wales)
The financial statements were approved by the Board of Directors and were signed on its behalf by:
........................................................................ Mr Alan Williams
Date: 18 Sep 2025
The notes form part of these financial statements
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Charity Registration No. 1058203
Company Registration No. 03215686 (England and Wales)
GANDEN BUDDHIST CENTRE
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
1. ACCOUNTING POLICIES
Accounting convention
The financial statements have been prepared under the historical cost convention.
The financial statements have been prepared 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 1 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.
Incoming resources
Donations are accounted for when received by the company. Other income is accounted for on an accruals basis as far as is prudent to do so. All income arises in the United Kingdom.
Resources expended
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered and is reported as part of the expenditure in which it relates.
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries.
Governance costs include those costs associated with meeting the constitutional and statutory requirements of the charity.
Tangible fixed assets
Tangible fixed assets other than freehold land and buildings are stated at cost less depreciation. Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - Nil Property Improvements - 1% on cost Fixtures & equipment - 25% on reducing balance
Accumulated funds
Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the accounts.
Taxation
As a registered charity the company is generally exempt from Income Tax and Capital Gains Tax.
The notes form part of these financial statements
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Charity Registration No. 1058203
Company Registration No. 03215686 (England and Wales)
GANDEN BUDDHIST CENTRE
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024
2. INCOME
The income and surplus are attributable to the principal activity of the company.
3. INCOME RESOURCES FROM CHARITABLE ACTIVITES
| 3. INCOME RESOURCES FROM CHARITABLE ACTIVITES |
||
|---|---|---|
| Courses Residents Donations Shop Fund raising & other income |
2024 £ 6,302 16,748 675 824 6,029 30,578 |
2023 £ 5,069 14,160 3,930 500 6,053 |
| 29,712 |
4. TRUSTEES
No trustees were paid any remuneration for acting as a trustee during the year.
5. EMPLOYEES
There were no employees during the year.
The notes form part of these financial statements
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Charity Registration No. 1058203
Company Registration No. 03215686 (England and Wales)
6. TANGIBLE FIXED ASSETS
| Freehold Property Fixtures & property improvement fittings £ £ £ COST At 1 Jan 2024 100,184 44,340 18,795 Additions - - - Revaluation - - - At 31 Dec 2024 100,184 44,340 18,795 DEPRECIATION At 1 Jan 2024 17,034 8,352 18,650 Charge for year - 443 36 Prior year adjustment - - - At 31 Dec 2024 17,034 8,795 18,686 NET BOOK VALUE At 31 Dec 2024 83,150 35,545 109 At 1 Jan 2024 83,150 35,988 145 7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 £ Bank loans and overdrafts 7,960 7,960 8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR 2024 £ Bank loans 13,189 |
Totals £ 163,319 - - |
|---|---|
| 163,319 | |
| 44,036 491 - |
|
| 44,515 | |
| 118,804 | |
| 119,283 | |
| 2023 £ 5,530 |
|
| 5,530 | |
| 2023 £ 20,099 |
The notes form part of these financial statements
Page 8
Charity Registration No. 1058203
Company Registration No. 03215686 (England and Wales)
GANDEN BUDDHIST CENTRE
INDEPENDENT ACCOUNTANTS’ REPORT TO THE TRUSTEES ON THE UNAUDITED FINANCIAL STATEMENTS OF GANDEN BUDDHIST CENTRE
We report on the accounts of the company for the year ended 31 December 2024, which are set out on pages 4 to 8.
RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND REPORTING ACCOUNTANT
The trustees (who are also the directors of the company for the purposes of company law) are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 43(2) of the Charities Act 1993 (the 1993 Act) and that an independent examination is needed.
Having satisfied ourselves that the charity is not subject to audit under company law and is eligible for independent examination, it is our responsibility to:
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Examine the accounts under section 43 of the 1993 Act;
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To follow the procedures laid down in the general Directions given by the Charity Commission under section 43(7)b of the 1993 Act; and
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To state whether particular matters have come to our attention.
BASIS OF INDEPENDENT EXAMINER’S REPORT
Our examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a ‘true and fair view’ and the report is limited to those matters set out in the statement below.
INDEPENDENT EXAMINER’S STATEMENT
In connection with our examination, no matter has come to our attention:
(1) which gives us reasonable cause to believe that in any material respect the requirements; to keep accounting records in accordance with section 386 of the Companies Act 2006; and to prepare accounts which accord with the accounting records, comply with the accounting requirement of section 396 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities
have not been met; or
(2) to which, in our opinion, attentions should be drawn in order to enable a proper understanding of the accounts to be reached.
PaulHarrisou
Paul Harrison
Partner Accountancy The Junction, Office 43 Charles Street Horbury WF4 5FH
Date: 18 Sep 2025
Page 9
Charity Registration No. 1058203
Company Registration No. 03215686 (England and Wales)
GANDEN BUDDHIST CENTRE
INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2024
| Income Courses Residents Donations Shop Fund raising & other income Cost of Sales Repairs, renewals and maintenance Light and heat Sundry Printing, postage and stationery Offerings Sponsorships Water rates GROSS SURPLUS Expenditure Insurance Advertising and marketing costs Bank charges Depreciation of fixtures and fittings Depreciation of leasehold land and property OPERATING (DEFICIT)/SURPLUS Other interest receivable and similar income Bank interest received Interest payable and similar expenses Bank loan interest EXCESS OF INCOME OVER EXPENDITURE |
2024 £ 6,302 16,748 675 824 6,029 3,387 6,168 2,478 1,002 214 3,664 1,043 1,868 24 32 36 443 73 3,551 |
£ 30,578 (17,956) 12,622 (2,403) 10,219 73 (3,551) 6,741 |
2023 £ 5,069 14,160 3,930 500 6,053 5,213 6,151 2,212 893 452 3,113 1,062 1,785 226 32 48 443 24 1,348 |
£ 29,712 (19,096) 10,616 (2,534) 8,082 24 (1,348) 6,758 |
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This page does not form part of the statutory financial statements
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