Registered number 03394073 Kadampa Meditation Centre Plymouth Limited Charity Number 1082245 Limited by Guarantee Report and Accounts 31 December 2024
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 December 2024. Reference and Adminlstrative Detalls Registered Charity Name.. Kadampa Meditation Centre Plymouth Limited by Guarantee Company Registered number 03394073 Charity Reglstered number 1082245 Reglsted Office 48-50 Mutley Plain Plymouth PL46LE The trustees The following persons served as trustees during the year.. J Andrews {resigned 1 Oth May 2024) K Ellis - resigned 1611212024 A Jerrett M Cansdale - appointed 101512024 J Martin - appointed 1611212024 Company secretary C L Maccullie - re5ign¢d 101512024 C Larkin appointed 101512024, resigned 111012024 O Mccance - appointed 1110124, resi9ned 91212025 L Rigby - appointed 91212025 Independent examlner Sadie Rogers Headlands South Brent Devon, TQ10 9JL Structure, governance and management Kadampa Meditation Centre Plymouth Ltd is a registered charity governed by the Companies Act 2006 and the Charities Act 1993. The charity is a company limited by guarantee and has no share capital. The trustees who are also directors of the charitable company are elected by AGM as required by the Memorandum and Articles of Association of Kadampa Mediation Centre Plymouth Ltd. They retire by rotationa and are eligible for re-election. Objectives and activsties
The principal activity of the company is the promotion and teaching 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 West Devon and Cornish towns. In addition the centre offers day courses, half day workshops, relreats and other special events. The centre and its classe are open to every member of the public and as such are made available and accessible to everyone. The centre seeks to make a positive impact on the local community. Achievements and performance Our cafe is open 10-2 every weekday, with lunchtime classes on offer every weekday. There are a total of 12 Glasses to attend every week at KMC Plymouth, plus Saturday events. There are also 4 successful branch classes in Devon and Cornwall Materially the Centre has gone through a period of significant development which will lead to financial stability in the future. Looking forward, we are saving up to create a new room in the basement subject to planning permission. This will further enhance our financial position. Small company provlsions This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. This report was approved by the board on It September 2025 and signed on its behalf. ustee
Kadampa Meditation Centre Plymouth Limited Independent Examiner's Report I report to the charity trustees on my examination of the accounts for the year ended 31 December 2024, which are set out on the attached pages. Respective responsibilities of the trustee and examiner As the charity's trustees of the Company (who are also directors of the company for the purposes of company law} you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 20061"the 2006 Acll, 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 charity's accounts as carried out under section 145 of the Charities Act 2011 {"the 2011 Act). In carrying out my examination, I have followed the Directions given by the Charity Commission (under section 14515)Ib) of the 2011 Act. Independent Examlner's Statement I have complted by examinatlon. I confirm that no material matters have come to my attentlon whlch glves me cause to believe that: • accounting records were not kept in accordance with sectlon 386 of the Companles Act; or the accounts do not accord with such records., 01 the accounts do not comply with relevant accounting requlrements under sectlon 396 of the Companies Act 2006 other than any requirement that the accounts give a "true and falr view which Is not a matter considered as part ol an Independent examination; 01 the accounts have not been prepared in accordance wllh the Charltles SORP IFRS 1021. I have no concerns and have come across no other matters in connecllon wlth the examlnatlon to whlch attenllon should be drawn In thls report in order to enable a proper understanding of the accounts lo be reached. Sadie Rogers Chartered Accountant Headlands Vicarage Road South Brent Devon TQ10 9JL I b September 2025
Kadampa Meditation Centre Plymouth Limited Detailed statement of financial activities {including income and expenditure account) for the year ended 31 December 2024 2024 2024 2023 Note Unrestrlcted Funds Total Funds Total Funds Income Donations Other Income Total Income 4,188 90.635 4,188 90,635 44,439 90,640 94,823 94,823 135,079 Expenditure Costs on other trading activies Expenditure of charitable activities Total expendlture 13,109 51,786 64,895 13,109 51,786 64,895 16,606 47,301 63,907 Net Income & Net movement In funds 29,928 29,928 71,172 Reconcllatlon of funds Total funds brought foward Total funds carried forward 311,932 341,860 311,932 341,860 240,760 311,932 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities
Kadampa Meditation Centre Plymouth Limited Registered number: 03394073 Statement of Financial Position Notes 2024 2023 Flxed assets Tangible assets 578,708 536,813 Current assets stocks Debtors Cash at bank and in hand 3,700 1,908 11,583 17,191 3,800 8,494 26,007 38,301 Credltors: amounts falllng due within one year {23,089) (10,968) Net current {Ilabllltles)lassets (5,8981 27,333 Total assets less current Ilabilltles 572,810 564,146 Credltors: amounts falllng due after mor6 than one year {230,950) (252,214) Net assets 341,860 311,932 Capltal and reserves Retained earnings 10 341,860 311,932 341,860 311,932 These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies, regime. Truste App ved by the board on l* September 2025
Kadampa Meditation Centre Plymouth Limited Notes to the Accounts for the year ended 31 December 2024 1 Accounting policies Basls of preparatlon The accounts have been prepared under the historical cost convention and in accordance with the Companies Act 1985 and the Statement of Recommended Practice .' Accounting and Reporting by Charities issued in March 2005. The financial statements are prepared in sterling, which is the functional currency of the entity. Incoming resources All incoming resources are included in the statement of financial activities when entitlement has passed to the charity., it is probable that the economic benefits a5s0caiied with the transaction will flow to the charity and the amount can be reliably measured, The following specific policies are applied to particular categories of income.. income from donations or grants are recognised when there is evidence of entitlement to the gift, receipt and its amount can be measured reliably legacy income is recognised when receipt is probable and entitlement is established income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost lo the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers. Resources expended 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 expenditure to which it relates. Tangible fixed assets Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows.. Plant and machinery Fixtures, fittings, tools and equipment over 5 years over 5 years Stocks Stocks are measured at the lower of cost and estimated selling price less Costs to complete and sell. Taxatlon As a charity, Kadampa Meditation Centre Ltd is exempt from lax on income and gains falling within section 505 of the Taxes Act 1988 to the extent that these are applied to its charitable objects. No tax charges have arisen in the Charity.
Kadampa Meditation Centre Plymouth Limited Notes to the Accounts for the year ended 31 December 2024 Unrestricted funds Total funds 2024 Total funds 2023 2 Donations and other Income 2024 Rent Membership Donations 45,712 15,992 4,188 28,931 94,823 45,712 15,992 4,188 28,931 94,823 36,829 19,945 44,439 33,866 135,079 Sales Unrestricted funds Total funds 2024 Total funds 2023 3 Costs on other tradlng activles 2024 Purchases Other direct costs 8,895 4,214 8,895 4,214 11,230 5,376 13,109 13,109 16,608 Unrestricted funds Total funds 2024 Total funds 2023 4 Expenditure of charitable activities 2024 Employee costs Premises costs General administration costs Legal and professional costs Depreciation and profit (loss) on sale of assets Interest 4,227 22,390 10,471 2,268 1,916 10,514 4,227 22,390 10,471 2,268 1,916 10,514 2,138 8,503 18,808 3,594 3,303 10,955 51,786 51,786 47,301 5 Employees 2024 Number 2023 Number Average number of persons employed by the company No trustees received any remuneration during the year.
Kadampa Meditation Centre Plymouth Limited Notes to the Accounts for the year ended 31 December 2024 6 Tanglble fixed assets Plant and machinery etc Land and buildings Total Cost At 1 January 2024 Additions At 31 December 2024 529,150 43,811 572.961 22,915 552,065 43,811 595,876 22,915 Depreclation At 1 January 2024 Charge for the year At 31 December 2024 15,252 1,916 17,168 15,252 1,916 17,168 Net book value At 31 December 2024 572,961 5,747 578,708 At 31 December 2023 529,150 7,663 536,813 7 Debtor8 2024 2023 Trade debtors 1,908 8,494 8 Credltors: amounts falllng due within one year 2024 2023 Bank loans and overdrafts Trade creditors Other creditors 10,632 894 11,563 23,089 10,968 10,968 9 Credltors.. amounts falling due after one year 2024 2023 Bank loans 230,950 252,214
Kadampa Meditation Centre Plymouth Limited Notes to the Accounts for the year ended 31 December 2024 10 Analysls of charitable funds Unrestrcited funds At 11112023 Income Expenditure At 3111212024 General funds 311,932 94,823 (64,895} 341,860 311,932 94,823 64,895 341,860 11 Other information Kadampa Meditation Centre Plymouth Limited is a private company limited by guarantee and incorporated in England. Its registered office is.. 48-50 Mutley Plain Plymouth Devon PL4 6LE