Registered Charity Number : 1071837 Companies Registered Number : 03577032
Kadampa Meditation Centre Kent
Directors Report and Financial Statements for the year ended 30th June 2021
The Accounts Centre Milton Green Farm Whitchurch Road Milton Green Chester CH3 9DS
Kadampa Meditation Centre Kent
Contents of the Financial Statements for the year ended 30th June 2021
| Page | |
|---|---|
| Reference and Administrative Details | 1 |
| Report of the Directors | 2 |
| Independent Examiner's Report | 3 |
| Income and Expenditure Account | 4 |
| Balance Sheet | 5 |
| Notes to the Financial Statements | 6 - 7 |
Kadampa Meditation Centre Kent
Reference and Administrative Details for the year ended 30th June 2021
| Registered Charity Number | 1071837 |
|---|---|
| Registered Number | 03577032 (England and Wales) |
| Registered Office | 26 Cherry Garden Road |
| Canterbury | |
| Kent | |
| CT2 8EP | |
| Directors | Jennifer Jane Andrews |
| Sivachelvi Mailvaganan | |
| Nicola Jayne Reekie | |
| Company Secretary | Lisa Jane Oxley |
| Independent Examiner | Liz Aspin ACMA CGMA ICPA |
| The Accounts Centre | |
| Milton Green Farm | |
| Whitchurch Road | |
| Milton Green | |
| Chester | |
| CH3 9DS | |
| Bankers | NatWest |
| 11 The Parade | |
| Canterbury | |
| Kent | |
| CT1 2SQ |
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Kadampa Meditation Centre Kent
Report of the Directors for the year ended 30th June 2021
The directors present their report and the financial statements for the year ended 30th June 2021.
Results
The results of the periods activities and the state of affairs at 30th June 2021 are set out in the accounts on pagesReport of the Trustees 1 - 4 4 to 5.
Review of Business
Kadampa Meditation Centre Kent is a registered charity who's principle activity is the promotion of the Buddhist Faith.
Directors
The directors are responsible for preparing the financial statements in accordance with applicable law and UK Generally Accepted Accounting Practice.
The directors during the year were:
Jennifer Jane Andrews Sivachelvi Mailvaganan Nicola Jayne Reekie
The financial statements are required by law to give a true and fair view of the state of affairs of the charity and of the surplus or deficit of the charity for that period. In preparing those financial statements, the trustees are required to:
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select suitable accounting policies and then apply them consistently
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make judgements and estimates that are reasonable and prudent
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue.
The directors are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.
ON BEHALF OF THE BOARD Director/Secretary
Lisa Jane Oxley
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Kadampa Meditation Centre Kent
Report of the Independent Examiner for the year ended 30th June 2021
Basis of opinion
The examination was carried out in accordance with the General Directions given by the Charities Commissioners. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. The procedures undertaken do not provide all the evidence that would be required for an audit and consequently no audit opinion is given.
Opinion Statement of Financial Activities 6 In our opinion :
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the financial statements give a true and fair view, in accordance with UK Generally Accepted Accounting Practice applicable to Smaller Entities, of the state of the charity's affairs as at 30th June 2021.
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the information given in the Report of the Directors is consistent with the financial statements.
The Accounts Centre
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Kadampa Meditation Centre Kent
Income and Expenditure Account for the year ended 30th June 2021
| Notes Incoming resources Incoming resources from generating funds Receipts 4 Interest received 5 Total incoming resources Resources expended Directors and teachers expenses Other direct expenses Rates Utilities General administration expenses Travel expenses Cleaning Repairs and maintenance Domestic items and food Subscriptions Offerings Telephone Insurance Books Donations Advertising Depreciation Interest paid Bank charges Accountancy Total resources expended Net incoming resources for the year Total funds brought forward Total funds carried forward |
Year Ended 30/06/21 £ 45,545 2 45,547 6,353 2,620 2,293 2,695 3,321 300 120 3,765 1,019 40 471 1,009 281 2,619 3,374 976 32 820 32,108 13,439 166,236 179,675 |
Year Ended 30/06/20 £ 41,289 12 41,301 8,665 4,382 2,205 3,422 2,301 2,394 190 992 986 2,848 273 874 32 350 29,914 11,387 154,849 166,236 |
|---|---|---|
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Kadampa Meditation Centre Kent
Financial Statements
for the year ended 30th June 2021
Balance Sheet
| Notes Tangible Fixed Assets 6 Current Assets Debtors Bank Current Liabilities Creditors Net Current Assets Net Assets Financed By:- Retained Funds Balance at 30th June 2020 Surplus for the Year Total Funds |
£ £ 146,728 1,412 32,285 33,697 750 32,947 179,675 166,236 13,439 179,675 Year Ended 30/06/21 |
£ £ 147,049 1,600 18,059 19,659 472 19,187 166,236 154,849 11,387 166,236 Year Ended 30/06/20 |
|---|---|---|
For the financial year in question the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
No members have required the company to obtain an audit of its accounts for the year in question in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibility for complying with the requirements of the Act with respect to accounting records and for the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to small companies subject to the small compies regime and in accordance with FRS102 SORP.
The financial statements were approved by the Directors on …………………………... and were signed on its behalf by
Director/Secretary Lisa Jane Oxley
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Kadampa Meditation Centre Kent
Notes to the Financial Statements for the year ended 30th June 2021
1. Statutory Information
Kadampa Meditation Centre Kent is a private company, limited by guarantee without share capital, registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
2. Accounting policies
The principal accounting policies are summarised below. The accounting policies have been applied consistently throughout the period and the preceding year.
2.1 Basis of accounting
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 " and the Charities SORP. The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
2.2 Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixture and Fittings - Straight line 25% Freehold Property - Nil.
2.3 Fund accounting
It is the policy of the Centre that unrestricted funds which have not been designated for specific use should be maintained at a level equivalent to at least three months expenditure.
2.4 Incoming resources
All incoming resources are included in the financial statements when the charity is entitled to them and the amount can be quantified with reasonable accuracy.
The value of services provided by volunteers has not been included. Income from investments is included in the year in which it is receivable.
2.5 Resources expended
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be recovered, and is reported as part of the expenditure to which it relates.
3. Employees and Directors
The average monthly number of employees during the year was 1. (2020 - 1)
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Kadampa Meditation Centre Kent
Notes to the Financial Statements
for the year ended 30th June 2021
| 4. Income GP Classes and Membership FP Membership Day Course Rent Donations Other income 5. Investment income Bank interest receivable 6. Tangible Fixed Assets Cost At 1st July 2020 Additions in year Disposals At 30th June 2021 Depreciation At 1st July 2020 Charge for the year Eliminated on disposals At 30th June 2021 Net book values At 30th June 2021 At 1st July 2020 7. Analysis of net current assets between funds Fund balances at 30th June 2021 as represented by: Net current assets |
2021 2020 £ £ 11,477 6,483 10,025 10,116 4,762 11,344 12,151 11,395 6,860 1,003 270 948 45,545 41,289 2021 2020 £ £ 2 12 Freehold Land & Buildings Plant & Machinery Total £ £ £ 144,650 3,584 148,234 - 655 655 - - 144,650 4,239 148,889 - 1,185 1,185 - 976 976 - - - 2,161 2,161 144,650 2,078 146,728 144,650 2,399 147,049 Unrestricted Total funds funds £ £ 32,947 32,947 2021 |
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8. Trustee remuneration
None of the trustees received any money for the services they provided to the company.
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