**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. Page 2 ## **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: - Select suitable accounting policies and apply them consistently - Make judgments and estimate that they are both reasonable and prudent - 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 **----- Start of picture text -----**
ON BEHALF OF THE BOARD OF TRUSTEES:
........................................................................ Ci by AA L Le
Mr Alan Williams
**----- End of picture text -----**
Date: 18 Sep 2025 Page 3 **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: - (a) ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and - (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 Page 4 **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 Page 5 **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 Page 6 **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 Page 7 **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: - Examine the accounts under section 43 of the 1993 Act; - 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 - 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| |---|---|---|---|---|---|---| This page does not form part of the statutory financial statements Page 10