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|
1
## **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:
- select suitable accounting policies and then apply them consistently
- make judgements and estimates that are reasonable and prudent
- 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**
2
## **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 :
- 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.
- the information given in the Report of the Directors is consistent with the financial statements.
## **The Accounts Centre**
3
**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**|
|---|---|---|
4
## **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**
5
## **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)
6
## **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**|
|---|---|
## **8. Trustee remuneration**
None of the trustees received any money for the services they provided to the company.
7