Registered number 03394073 Kadampa Meditation Centre Plymouth Limited Charty Number 1082245 Limited by Guarantee Report and Accounts 31 December 2023
Kadampa Meditation Centre Plymouth Limited Report and accounts Contents Page Trustees Annual Report Independent Examinels Report Detailed Slalemenl of Financial Activibles Slalemenl of Financial Positson Notes lo the accounts &9
Kadampa Meditation Centre Plymouth Limited Registered number: 03394073 Trustees, Annual Report The trustees. who are also directors for the purposes of company law. present their report and financial statements of the charity for the year ended 31 t)ecemker 2023. R•f•r•nc• and Administrative Oetails Registered Charity Name." Kadampa MeditatKsn Centre Plymouth Limed by Guarantee Company Reglstered num1 03394073 Charity Registered number 1082245 Rgglstod Office 48-50 Muuey Plain Plymouth PL46LE The tru8t8e8 The following rSon$ seNed as trustees during the year. J Andrews (resigned 10th May 20241 K Ellis A Jerrett Company secretary iss C L Maccullie Iresi9ned 10th May 2024) Independent examln•r Sadie Rogers Headlands South Brent Devon. TQ10 9JL Structure, governance and rnanagement Kad8mp8 Meditation Centre Plymouth Ltd is a registered charity governed by the Companies Act 2006 and the Charities Act 1993. The charity is a eompany limite(I by guarantee and has no share capital. The Iruslees who are also directors of the charitable company are elected by AGM as required by the Memorandum and Articles of Association of Kadampa Medial¥)n Centre Plymouth Ltd. They retire by rotsliona and are eligible for releCts.0n. Objectlve8 and activitl•s The principal actNity of the company is the promotion and t@achirKJ of the Kadampa Buddhist way of life under the guidance of the elected General Spiritual Director of the New Kadampa Tradition - Internal Kadampa Buddhist Union INKT-IKBUI. For this purpose teachings are held in Plymouth and other South and Wesl Devon and Comish towns. In addition Ihe ntre offers day courses, half day workshops, retreats and other special events. The centre and its classe are open lo every member of the public and as such are made available and accessible to everyone. The centre seeks lo make a positive impact on the local community.
Achievements and performance We had a very successful South Wesl Oharma celebration in December approximately 100 people joining us for the weekend. We offer classes every weekday lunchb'me and three evenings a week at our main cent. Our Teacher Training Programme and Foundation Programme remain popular as do our very practul Saturday half day workshops and urban treats. Small company provisions This report has trjeen prepared in accordance with the provisions in Part 15 of the Companiès Act 20Cé applicable lo companies subject to the sm811 eompanies regime. This ieport was approved by the board on 13 September 2024 and signed on its behalf. Trustee
Kadampa Meditation Centre Plymouth Limited Independent Examinees Report I report to the charity trustees on my examination of the accounts for the year ended 31 December 2023, which are set out on the attached pages. Respectlve responsibilitles of the trustgo and examinei As the charity's trustees of the Company Iwho are also directors of the company for the purposes of company lawl you are responsible lor the preparation of the accounts in accordance with the requirements of the Companies Act 2006 I'lhe 2006 Acti. Having satisfied myself that the accounts of the Company are not required to be audited this year under Part 16 of the 2006 Act and are eligible for independent examination. I report in respect of my examination of your charivs accounts as carried out under secbon 145 of Ihe Char¢ties Act 2011 1"Ihe 2011 Acll. In carrying out my examination, I have followed the Directions given by the Charity Commission {under section 145151(bl of the 2011 Act. Independent Examlner'5 Statement I have complied by examlnatlon. I conllrm ihat no materlal matters have come to my allentlon whlch gives me cause to believe that.. accouniing records were not kept In accordancewlth Section 386 01 the Companles Act,. or • the accounts dc not a¢¢grd with $ueh records,. or • the accounts do noi comply wllh ielevant accountlng requlrement5 under section 396 01 the Companles Act 2008 other than any requlremeni ihat the accounis give a rue and fair vlewythlch Is not a matter consldered as part ol an Independent examlnatlon; or the accounis have not been prepared In accordance wlth the Charllles SORP IFRS 1021. I have no concern5 and have come across no other matters in connecllon with the examinatlon to whlch anentlon should be drawn In thls report in order io enable a proper understandlng ol the accounis io be reached. Sadie Rogers Chartered Accountant Headlands Vicarage Road South Brent Devon TQ10 9JL 13 September 2024
Kadampa Meditatlon Centre Plymouth Limited Detailed statement of financial activities (including income and expenditure account for the year ended 31 December 2023 2023 2023 2022 Note Unrestrided Funds Total Fund8 Total Funds Incomc Donations Other Income Total Income 44,439 90.640 44,439 90,640 6,847 82,175 135.079 135.079 89,022 Expendlture Costs on other trading aclivies Expenditure of charitable activities Tot•1 trxpondltur• 16.606 47,301 63,907 16.606 47,301 63,907 19,340 74,546 93,886 Net Income & Ngt movement In funds 71,172 71,172 14,8641 Reconcllatlon of fund¥ Total funds brought forward Total funds carried fofward 240.760 311,932 240,760 311,932 245,624 240,780 The statement ol financial activities includes all gains and kjsses recognised in the year. All income and expenditure derwe from continuing activities
Kadampa Moditatlon Centre Plymouth Limbtgd RIstered number.. 03394073 Staiemant of Financlal Posltlon Notss 2023 2022 Flx¢d assets Tangib¢È assèts 536.813 491,296 Curygnt assets Stocks Debtors Cash el bank orbJ in hand 3.800 8.494 26.007 38.301 44.447 48.307 Cr8dltors.' arnounts fallln9 duo wlthln one year 110,9881 136,S391 No1 ¢urr•nt a880ts 27,333 11,768 Total 014•t• Ims ¢urMnt IIBbllltl•$ 564.146 503.164 Cr•dttor8- amounts falllng du• aftor moro than onè year 1252,2141 1282,4041 Net a$$•ts 311.932 240,760 Capltal and r•serve8 Retslned eamlngs 10 311,932 240,760 311.932 240,760 These flnancial statements have been prepared in accordance wlth Ihe pro¥l$lon$ applicable lo companies subj8CI to Srnall CpanieS, re9iTh. Approved by Ihe toard on 13 September 2024
Kadampa Meditation Centre Plymouth Limited Notes to the Accounts for the yèar ended 31 December 2023 1 A¢counting policles Basis of praparation The accounts have been prepared under the historical cost convention and in accordance with the Companies Act 1985 and the Slalemenl of Recomrnended Pract '. Accounting and Reporting by Charitie8 issued in March 2005. The financial stslernents are prepared in sterling, whKh is the fUnctnal Cufrency ol the entity. Incoming resourcgs All incoming resourcés are included in the $talemenl of financial activities when enlitlernent has passed lo the charity,. il is probable that the economic benefits assocaited with the transaction will flow lo the charity and the amount can be relrabty measured. The following specifi'c poli¢ies are applied to patty'cular categories of income.. - income from donations or grants are recognised when there is evidence of enb'tjemenl to the gift. receipt and 115 amount can be measured reliably. - legacy income is re¢ognise(I when receipt is yobable and entitlement 1$ established Income from donated goods is measured al the fair value of the goods unless this is impractical lo measure reliably. in whieh ¢45e Ihe value is deriv8d from the cost lo the donor or the oslimaled resale value. Donated facilities and seyviees are recognised in th8 accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers. Re8ources expfrndod Expenditure is recognised on an accrual basis as a liabilit Is incurred. Expenditure includes any VAT whicih cannot be fully recovered. and is reported as part of the exndItre lo which it relates, Tanglbl• Ilxed assets Tangible fixed assets are measured at cost less accumulative depre¢talion and any accumulative impairmenl10s5es. Depreciation Is provided on all tangible fixed assets, other than freehold land, al rates calculated lo write off the ¢osl. less eslimaled residual value, of each asset evenly over ils expected useful lrfe, as follows". Plant and machinery Fixtures. fittings, tools and equipment over S years over 5 years Stocks Slo¢ks are measured at the lower of cost and estimated selling price less lo complete and sell. Tax•tion As a charity. Kadampa Meditation Centre Ltd is exempt from tax on income and gains falling wlhin section 505 of the Taxes Act 1988 to the extent that these are applied to its tharilable objects. No lax charges have arisen in the Charity.
Kadampa MediL2tion Centre Plymouth Limited Notes to the Accounts for the year ended 31 December 2023 Unrestricted funds Total fvnds 2023 Total funds 2022 2 Donatlons and other in¢omo 2023 Rent Membership Donations 36.829 19.945 44.439 33.866 135.079 36,829 19,945 44,439 33,866 135,079 20,903 27,548 6,847 33,724 89,022 Sales Unrestricted funds Total funds 2023 Total fvnds 2022 3 Co$t$ on other trading actlvlos 2023 Purchases Other direct costs 11,230 5,376 11.230 5,376 14,496 16,606 16,6C6 19,340 Unre$tri¢ted funds Totsl funds 2023 Total funds 2022 4 Exp•ndlture of ch•rltable aetlvltles 2023 Employee costs Premises Costs General adminislralion costs Legal and Professional costs Depreciation and profil Ilossl on sab of assets Inleresl 2.138 8,503 18,808 3,594 3,303 10,955 2,138 8,503 18,808 3,594 3,303 10,955 2.519 22,572 27.543 5,476 5.058 11,378 47,301 47,301 74,546 S Employ99$ 2023 Numbtr 2022 Number Average number of Fersons employed by the company No trustees received any remuneratton during the year.
Kadampa Meditstion Centre Plymouth Limited Notes to the Accounts for the year ended 31 December 2023 6 Tangible fixed assets Plant and machlnery etc Land and buildings Total Cost Al 1 January 2023 Additions Disposals At 31 December 2023 480.510 48.640 23,834 80 19991 22,915 504,344 48,720 19991 552,065 529.1SO Depreclatlon Al 1 January 2023 Charge for the year On disposals Al 31 De¢ember 2023 12.948 2.554 12501 15,252 12,948 2,554 {2501 1 S,252 Net book valu• At 31 December 2023 529.150 7,663 S36,813 At 31 December 2022 480.510 10,886 491,396 7 Debtors 2023 2022 Trade debtors 8,494 8 Credttors: Jmounts falllng due wfthln one year 2023 2022 Other creditors 10.968 36,539 9 Credltors: amounts falling du• after ong year 2023 2022 Bank loans 2S2 214 262,404
Kadampa Meditation Centre Plymouth Limited Notes to the Accounts for the year ended 31 December 2023 10 Analysls of charltable funds Unrnslr¢it8d funds At 11112023 Incom• Expenditure At3111212023 General funds 240,760 135.079 163,9071 311,932 240,760 135.079 63.907 311,932 11 Other Information Kadampa Meditation Centre Plymouth Limrted is a private company limited by guarantee and incorporated in England. Its registered office is". 48-50 Mulley Plain Plymouth Devon PL4 6LE