Registered Company Number 03577032 (England and Wales) Report of the Trustees of Kadampa Meditation Centre Kent (a Charitable Company limited by Guarantee): The Trustees present this report with the financial statements of the company for the 18 month period ending 31st December 2022. ## **Objectives and Activities** The principal aim of the company is to promote Kadam Dharma according to the teachings of Je Tsongkhapa, in accordance with the internal rules of The New Kadampa Tradition – International Kadampa Buddhist Union NKT – IKBU). To accomplish this, the centre has two principle trading activities: ## 1. Teaching the three study programmes of the NKT IKBU 2. Providing the facilities to house a community of people who wish to engage in the Buddhist way of life. In order to achieve the first aim, teachings are conducted within the centre and in hired venues around Kent. This generates a source of income. Rental Income from residents is the second source of income, with a maximum income of £1975 pcm when all rooms are rented out. Other income comes from sales of books, electronic downloads and statues etc from our shop in the centre which generates a small profit. There are also donations from benefactors. ## **Achievements and Performance** The centre continues to perform strongly with an increase in core membership, leading to an increase in overall revenue from membership subscription and courses. This is the result of an increase in the number of dharma teachers and hence the number of classes we can practically deliver. Additionally, we have been able to increase the reach of our programme to new venues across Kent, which has been a positive development. We are still actively looking to identify and secure a new centre and hope that we will achieve this aim soon, to enable us to develop a more active centre and grow our sangha community. Please note income from room rental was impacted because of the house going on the market. We intentionally reduced the number of tenants, to make the house more appealing when prospective buyer came to view the property. We also had the house tenant free for a period as we had accepted an offer, however this unfortunately fell through. The outlook for the community is positive and the team is fully committed to ensuring we identify a new centre that will serve Kent for many years to come. Statement of Trustees Responsibilities: The Trustees are responsible for preparing the Report of the Trustees and the Financial Statements, in accordance with applicable law and regulations. Company law requires the Director to prepare financial statements for each financial year. Under that law the Trustees have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit and loss of the company for that period. In preparing these financial statements, the Trustees are required to: - Select suitable accounting policies and then apply them consistently; - Make judgements and accounting estimates that are reasonable and prudent; - Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business. The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Registered Company Number 03577302 (England and Wales) Companies Act 2006. The Trustees are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection other irregularities. This report has been prepared in accordance with the special provisions of part 15 of the Companies Act 2006 relating to small companies. Signed on behalf of the Board of Trustees: Regtstered Chty Nwnbet: 1071837 C(xnpani¢5 Reyst￿￿1 Number: 035T1032 Kadampa MeditatioTh C¢Dtre Kent Dlrecton Report aDd FiDaneial Statements for the p¢riod ¢lld￿ 31th D¢ttmber 2022 Milton Fanry Whitchurth Road Milh)n Green CH3 9DS *ACCN475R* 2310W2023 COMPANIES HOUSE A15 #184 The Accounts Centre Accountants & Bu%ness hthsors K#d# A Meditation Cen of tbe ettd ith 2•22 RqN)rt ofthe DirtttLYS Independen¢ Examin¢rfs Rty￿1 NfA¢s to the FinuKial Stai¢rne•ts Kgdl Medlt*¢lo Refere d Adminiitr*tlve Dtt*ils ded 31th Detember 2 R¢￿Ted Th*rlty Nutyber 1071837 Regisl¢red Number 03577032 (Englwd Waks) Cn 8EP je￿￿ftrjan¢ Ath NI￿14 Jayne Keekie Comp4oy &¢re¢ary LisaJaTr¢Oxiey IndepeDdem¢ Eu•iti¢r Liz A4>iD ACMA CGMA ICPA The Accounts C¢ntr¢ milt￿ Green Farn) Whitchurth Road Milwn Gr¢¢n CH3 9DS Banker8 Natwesl I l The P8r*k Kent CTI 2SQ Med Kent heDi for the mber 2022 Th¢ directo￿ present their report and the financial ststaDents for th¢ pffiod ¢tyJed 31th Dec￿1￿ 2022 Results The results of the periods activities and the state of affairs at 31th Dwiber 2022 set out t& the on pages 4 to 5. Review of Business Kadampa Medit•tioD C¢ntre Kent is a rest￿ered chwity who's principle xtivity 1$ th¢ prOm￿lon of th¢ Buddhist Faith. DiTe¢tor Th¢ direc￿ are wllsibk preparing the fingxial swements io with applicable law and UK G¢tteratty Accepted Accounting Prxtice. The directon duritig the period were: Jennifer JaD¢ Andrews Sivacbtlvi MailvaganaD Nlcoia Jayoe Reekie The fthancial statements are req¥Jired by14w to giv¢ a true and fair vi¢w of the stak of affaits ofth¢ charAry ottd of the surplw ordeficit of the Charity for that p¢ri(Mi In prEPry those finaocial statem¢nt& th¢ tTU5tees are required to.. . select suitsble a¢￿￿tIng polici¢s and theD appty them CODSiStentty clwity will conlinue. at any tim¢ the fin￿cial position of th¢ charity and to enable them kn ensure that the fiDaD¢ial S¢atem ¢omply with the Cbarities A¢t 2006. They Jrt also responsibk foT safeguarding the assets of the cl￿1￿ and hence for thkiDg re&SODknle SW for the prEvention and detectiOD of fraud #]￿ other irregulariti¢s. This report has been prcpar&J ID arAwdw with the wivisions of Part 15 of the Cthwies Act 2006 relating to small companies. ON BEHALF OF BOARD Dirtdori5ffitary . LbA Jax Oxley ,171 CeD rt of the Ind for tbe deD ber 2(Q2 Basis of OPiDiOn The examination wa5 earried out in with the Genernl Directions giv￿ by the Cl•rities Cornmisstoners. An exJmination irtludes a Teview of the #ct4)uthg Teo)ftls keo by the charity and a cornpvison of the &counts presented with ffwrds. The prnceAlwes undertaken do FYovid¢ all the evidenc¢ that would b¢ required for an audit atHI e4)wuently ￿ ￿¥jIt opini()n is given. Opinion In oyri)pinion . . the financi41 $ts*murtS give a and fair view. in with iJK Get*rally Acrepted A¢wuntirtg 4wlicabl¢ ty Smallw Etititi4 of the sts* ofthe Lth¥ity's affairs as at 31th tkc¢mbw 2022 The Attouttts Ce•tre The Accountscentre AErountanls & Busines5*thisor5 i¢aliott Centre Kent e*ndEx nditsre Aecoun ith ror r21ll2 Per&od E•ded 3111Y22 Y¢8r EDdtd In¢omlDg resourres R￿ipts 82280 45.545 Resoyrc¢s exp¢ttded 12J23 25.437 3.857 6.353 2,620 2,293 2.695 3.321 Other diTe¢t expenses Utilities Genera] administr*ioD expe Post & ststionay Travel expenses Cleaning 2.768 551 120 3.765 6.317 104 2.OTI 41 Pensions CosL5 Dorn¢sti¢ items and food Subscriptions Offerings Telephone 1.019 471 1.854 1.676 Books Donations Adv¢rtiSiDg DepTeciation Interest paid Bank charg¢s Accountancy L¢gal Expenses 281 2.619 3.374 976 6.402 1.749 136 1.125 934 32 820 Totsl ruourttg expeod¢d 76.615 32,108 Net iAeomiDg r¢gOUrtes for thè ye•r 5.667 13.439 Totsl funds broughi foThw8rd 179.675 166236 Tol*l fynds ￿TTI¢d forw¥Jnl 185 179 675 Flnaneial Ststetnents for the ded3 B*l*llee Shett Period Ended 31112llZ Y￿r Ended 30106121 TaDRibl¢ Flxed Ass¢ts 155.525 146.728 Curre*¢ Aw'ts 950 1.412 29 30.195 33.697 Curr¢nt Li#billtta Creditois 378 750 ]Ye¢ Current Ass¢ts 29.817 31947 Net AM¢ts 185J42 179ffj75 Fiti*need By:" Rttsin¢d FuDdJ Balan¢¢ * 31th December 202Q surp1￿$ for the Year 179.675 S.ff￿7 166236 13.439 Tot*1 Fuods 185 179 For the finanGial year iti questioo the ￿P￿j was entitled toex¢mObx under 5ectiLm 477 ofthe Comptynies Act 2006 relating t() sm411 wmpanie$. No rnemb¢rs have required the c(*Dpw w obtsin audit of its th¢ y¢8r in qu¢stirn in acr