KAILASH BUDDHIST CENTRE
A company limited by guarantee
Annual Trustees Report and Financial Statements
31 st December 2024
Registered charity number 1084385
Registered company number 04075964 ( England and Wales)

KAILASH BUDDHIST CENTRE
ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024
Index
Page
Report of the Trustees
Independent examinerfs report
Statement of Financial Activities
Balance Sheet
Notes to financial statements
10-12
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KAILASH BUDDHIST CENTRE
ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
Ms J J Andrews (secretary)
Ms C Norris
Mrs P Chaplin
Charity number 1084385
Company number 04075964
Registered office
74 Bidston road
Oxton
Wirral.
England
CH43 6TN
Independent examiner
Alistair Jenkins
14 Shiels Drive
Bristol
BS32 8EA
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KAILASH BUDDHIST CENTRE
ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024
The financial statements have been prepared in accordan￿ with the accounting policies set out in note 1 to
the financial statements arKI comply with the charitys goveming document. the Companies Act 2006 and
Accounting and Reporting by Charities: Statement of Recommended Practi￿ applicable to charities
preparing their accounts in accordance with the Financial Reporting Stsndard applicable in the UK and
Republic of Ireland (FRS 102) (effective 1 January 2019)-
OBJECTIVES AND ACTMTIES
Objectives and aims
The charity is a non-profft religious organisation. It is established. organised and operated only for religious
purposes dedicated to public benefft.
The object of the charity is to promote the Buddhist Faith of the New Kadampa Tradition (NKT) through
which to promote the human values of morality. compassion and wisdom in all aspects of society. leading to
personal peace and a meaningful lrfe, and to tolerance, social pea￿ and welfare. The charity shall work to
fuEfil its object through the activities of study. practi￿, teaching and the Observan￿ of the moral discipline
based upon the continuous implementation of the three New Kadampa Tradits'on study programmes.
general programme (GP), foundation programme (FP). and the teacher training programme (rrp). These
activities shall all be within the pure tradition of Mahayana Buddhism of Atisha and Je Tsongkhapa as
taught by Venerable Geshe Kelsang Gyatso.
The charity's activities shall emphasise irs development in the following ways:
- increasing the number of students of the Centre. through caring for people with kindness and by making
good publicity;
- improving the qualifications of students. so they become qualffied Kadampa Buddhist praditioners and
Teachers.
- maintaining the Centre as a pure. pea￿ful and harnonious society.
increasing the number of branches of the ￿ntre.
- gradually transforming the branches in to independent IKBU Buddhist Centres having their own charitable
and financial status and their own Resident Teacher.
In planning our activities we have considered guidan￿ from the Charity Commission to ensure we meet
our public benefit requirements.
Significant activities
Significant ActivitiesDuring 2024, Kailash Centre remained committed to serving the Wirral community with
daytime and evening meditation classes, retreats and workshops at our beautifvl, peaceful and hamionious
residential Buddhist Centre. We also continued our outreach across the Wirral with classes in New
Brighton, Oxton Village and Hoylake. We continued to support local schools and businesses, both Primary
and Secondary Schoolsby either hosting school groups at our centre or visiting the schools, teaching them
about Buddhism and Meditation and widening our reath across educational services in thewirral.
We offered regular prayer sessions at the centre and we are run entirely byvolunteers.we also managed
several maintenance projects of our Victorian building. Projects includedremoval of old unused sinks
around the building, main kitchen repairs, rep1a￿rnent of ashower and a flat roof, extensive repair of the
external drainage system and humane pest removal.
We offered regular prayer sessions. The centre is run entirely by volunteers.
FINANCIAL REVIEW
The accounts show outoing resources for 2024 of £1,922 (2023 incoming surplus: £6.710).
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KAILASH BUDDHIST CENTRE
ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024
As at the year end reserves were £204,775 (2023: £206,697) and all reserves are unrestricted.
Reserves policy
It is the policy of the charitable company to maintain unrestricted funds which are free reserves at a level to
cover three months. running costs should in not receive any fvrther income.
The trustees will work to increase the unrestricted reseNes by endeavouring to maintain full occupancy at
the centre and raising funds through dasses including online classes.
Going concern
The trustees have a reasonable expectation that the Charitable Company has adequate resources to
continue in operational existence for the foreseeable future and have adopted the going con￿rn basis of
accounting in preparing the accounts.
STRUCTURE. GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company,
limited by guarantee. as defined by the Companies Act 2006.
Recruitment and appointment of new trustees. The directors are Trustees for Charity purposes.
There will be three Directors, two of whom a￿ elected by the members at the Annual General Meeting and
one ex officio Director. who shall be appointed by the other Directors and shall be the administrative
Director of a major Nlff-IKBU Kadampa Meditation Centre in the United Kingdom.
Each elected Director shall serve for a temi not exceeding three years," the term of the Offi￿ of the ex-
officio Director shall not be fixed but shaH continue until they cease to be the Administrative Director of a
major NKT-IKBU Kadampa Meditation Centre or sooner rf disqualified or removed.
Membership
To become a member of the Society an application must be made in writing. The applicant must be a pure
Buddhist, cherish the Society. live in the localty of the principal meeting pla￿ of the Society and pay an
annual subscription of £1.
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KAIIASH BUDDHIST CENTRE
ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024
STATEMENT OF TRUSTEES. RESPONSIBILITIES IN RELATION TO FINANCIAL
STATEMENTS
The charity trustees (who are also the directors of the Charity for the purposes of company law)
are responsible for preparing a trustees. annual report and financial statements in accordance with
applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted
Accounting Practice). Company law requires the charity trustees to prepare financial statements
for each year which give a true and fair view of the state of affairs of the charitable company and
of the incoming resources and application of resources, including the income and expenditure, of
the charity for that period.
In preparing the financial statements, the trustees are required to:
select suitable accounting policies and then apply them consistently;
observe the methods and principles in the Charities SORP (and related regulations);
make judgments and estimates that are reasonable and prudent;
state whether applicable UK accounting standards have been followed, subject to any
material departures disclosed and explained in the financial statements;
prepare the financial statements on the going concem basis unless it is inappropriate to
presume that the charity will continue in business.
The trustees are responsible for keeping proper accounting records that disdose 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 Companies Act 2006. They are also responsible for
safeguarding the assets of the diarity and the group and hen￿ taking reasonable steps for the
prevention and detection of fraud and other irregularities.
The Trustees. report was approved as below on behalf of the Board of Trustees:
Signed
Date .
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KAILASH BUDDHIST CENTRE
ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024
Independent Examinerfs Report to the Trustees of Kailash Buddhist Centre
This is a report on the accounts of Kailash Buddhist Centre for the year ended 31 December 2024,
which are set out on pages 8 to 12.
Respective responsibilities of trustees and examiner
The charitys trustees are responsible for the preparation of the accounts. The Chari￿s trustees
consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the Charities
Act) and that an independent examination is needed.
It is my responsibility to:
examine the accounts under section 145 of the Charities Act,
to follow the prO￿dureS laid down in the general Directions given by the Charrty Commission (under
section 145{5)(b) of the Charits"es Act), and
to state whether particular matters have come to my attention.
Basis of independent examiners report
My examination was carried out in accordance with relevant general Directions of the Charities
Commission. An examination indudes a review of the accounting records kept by the charity and
a comparison of the accounts presented with those records. It also includes consideration of any
unusual items or disclosures in the accounts. and seeking explanations from the trustees
concerning any such matters. The procedures undertaken do not provide all the evidence that
would be required in an audit, and consequently no opinion is given on whether the accounts
present a "true and fair vie￿.
Independent examinerfs statement
In the course of my examination, no matter has come to my attention:
which gives me reasonable cause to believe that in any material respect the requirements:
to keep accounting records in accordance with Section 44(1) (a) of the 2005 Act and
Regulation 4 of the 2006 Accounts Regulations
to prepare accounts which accord with the accounting records and comply with Regulation 8 of the
2006 Accounts Regulations have not been met. or
2. to which, in my opinion. attention should be drawn in order to enable a proper understanding of the
accounts to be reached.
Signed:
,ik,
Date
2210912025
Alistair Jenkins
14 Shiels Drive, Filton. Bristol.
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KAILASH BUDDHIST CENTRE
ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024
STATEMENT OF FINANCIAL ACTIVITIES
For the year ended 31 Decembw. 2024
2024
1)23
Unrestricted
Funds
Unreslri¢ted
Funds
Income froffl."
Olher income
Charitable aclivities
209
78.634
47
67.213
Total Income
TQ843
67,260
Expendityre on:
Charitat4e activities
Govemance
79.935
830
59.888
Total Expenditure
80,765
60,550
Net (Expense) I Income for the Year
6,710
RECOIICILIATION OF FUNDS
Funds brou￿1 foNiard
Unrestricted funds
206.697
199.987
Net (Expense) I Income for the Year
(1,922)
6,710
Funds Carried FoThvard
204.TT5
206,697
The accompanying notes on pages 10 - 12 form part of these financial statements.
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KAILASH BUDDHIST CENTRE
ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024
BALANCE SHEET
As ai 31 December. 2024
2024
2023
Unrestricted
Funds
Unrestricted
Funds
FIXED ASSETS
Tangble Assets
392.000
CURRENT ASSETS
Cash at Bank
Debtors
Stock
18.221
19.367
2,191
26.447
23,008
CREtNTORS
Amounts falllng ikn ￿lihin one year
18.205
20.795
1820
NET CURRENT ASSETS
393,309
394,213
CREDITORS - Amounts due after one year
Bank Loans
1188.534
187.516
(188 534
187.516
NET ASSETS OF THE CHARITY
204,775
,697
FUNDS OF THE CHARITY
Unrestricted Income Funds
204.775
199.987
TOTAL CHARITY FUNDS
2W775
2(6.697
The accompanying notes on pages 10- 12 form part of these financial statements.
The company is entttled to the exempts'on frDm the audit requirement contsined in sei#ion 477 of the Companies Act
2006. for the year ended 31 December 2024.
The directors acknowledge their responsibilitres for ￿)nYAyI￿ the requirements of the Crxnpanies Act 2006
with respect to accounting records and the preparatton of finan(aal statements.
The members have not required the company to obtain an audit of ils finan(aal stat￿￿ents for the year in question
in accordan￿ with section 476.
These financtal statements have been pwared in aC¢xrd￿ ￿lIh the proVi￿S applicable to companies subject
to the small (x)mpanies regime.
The financial ststements were approved by the Trustees:
Name & position ...4￿￿-T...........
. Signed.....
Date .
CT(>
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KAILASH BUDDHIST CENTRE
ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024
NOTES TO THE FINANCIAL STATEMENTS
ACCOUNTING POLICIES
Basls of Preparation
The financial statements have been prepared in ac(x)rdance with the tharitys goveming document. the Companies
Act 2006, FRS 102 Yhe Financial Reporting Stsndard applicable in the UK and Republic of Ireland. ("FRS 102.) and
the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to
charities preparing their accounts in accordance with the Financial Reporting StarKlard applicable in the UK and
Republic ()f Ireland (FRS 102>" (effective 1 January 2019)- The charity is a Public Benefft Entity as defined by FRS
102. The charity has taken advantage of the provisions in the SORP for chalities not to prepare a Statement of
Cash Flows.
The financial statements have been prepared under the historical (tst convention. The principal accounting
policies adopted are set out below.
Going concern
At the time of approving the financial staternents. the loan mentioned in note 18 of the financial statements has not
been finally approved as the bank is awaiting Ihe fonnal propety valuation. The valuation is expected to indicate that
there is sufficient coverage for the bank. However. as the report has not yet been received there is material
uncertainty relating to the events or conditions that rnay cast significant doubt on the char￿S ability to continue as a
going con￿rn and. therefore. that it may be unable to realise its assets and discharge its liabilities in the nomial
course of business.
Income
All income is without restriction and is recognised in the Slatemènt of Financial Actsviknes once the charity has
entitlement to the funds, it is probable that the irb))me will be received and the amount can be measured reliably.
Expenditure
Liabilities are rewgnised as expenditure as soon as there is a legal or o)nstructive obligation committing the
charity to that expenditure, it is probable that a transfer of economic beneffts will be required in settlement and
the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has
been classrfied under headings that aggregate all cost related to Ihe category. Where costs cannot be directly
attributed to particular headings they have been allocated to activities on a basis consistent with the use of
resources.
Tangible fixed assets
Depreciation is provided at the following annual rates In ¢xder to write off eath asset over its estimated useful
life.
Freehold land and buildings
Fixtures and frttings
Plant & Machinery
according to the building
on cost
on cost
20%
10%
Stocks
Stocks are valued at the lower of cost and net realisable value. after making due allowance for obsolete and slow
moving items. Stock ￿presents items which have been purchased for resale and rK)t yet sold. this is the stock
available at the reporting date in the on site shop. The stod( is valued at the lower of cost and net realisable value.
Taxation
The charity is exempl from ￿rporatiOn tax on its charitable athities.
Fund accounting
All funds. income and expenditure are Unrestricted. meaning they ran be used in a¢a)rdan￿ with the charitable
10IPage

KAILASH BUDDHIST CENTRE
ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024
objectives at the discretion of the trustees.
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
2. NET INCOMEI(EXPENDITURE)
Net incomel{expenditure) is stated after charging:
2024
350
8,933
2023
690
8,433
Accountancy
Depreciation of owned assets
3. TRUSTEES. REMUNERATION AND BENEFITS
There were no trustees, remuneralion or other beneffts ts the year ended 31 December 2024 nor for the prior year.
There were no trustees, expenses paid for the year ended 31 De￿mber 2024 nor for the prior year.
4. STAFF COSTS
There were no employees during the year (nor prior year).
5. FIXED ASSETS
Fixed Assets
Property
Plant
Machinery
Fixtures
Fittings
TOTAL
COST
As at 11112024
Additions
As at 3111212024
430.000
12,702
13.811
2.000
15.811
456.513
430,000
12.702
456.513
DEPRECIATION
As at 0110112024
Depreciation charge for year
As at 3111212024
38,000
7.600
45. 600
12.702
13.811
1.333
15.144
64.513
8.933
73.446
12.702
NET BOOK VALUE
As at 111212024
392.000
392.000
As at 3111212024
667
385.067
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KAILASH BUDDHIST CENTRE
ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
2024
2023
Debtors
Trade debtors
Prepayments
2.910
3.316
6.226
2.191
2,191
2024
2023
Creditors falllng due within one year
Trade credito
Bank Loans
Community Member Loan
Rent deposits
Oiher credito
850
5.022
9.700
2,633
2.590
5.022
9.700
2.633
850
20.795
18.205
2024
2023
Creditors falling due over one year
Bank Loan5
188.534
188.534
187.516
187.516
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KAILASH BUDDHIST CENTRE
ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024
STATEMENT OF Income and Expenditure
For the year ended 31 December: 2024
2024
2023
Unrestricted
Funds
Unrestricted
Funds
Income:
Investment income
209
47
Charitable acliviies
78.634
67,213
78.843
Expenditure:
Charitable activities
Wages
Sponsorship
Property Repairs
Rent rates watet
Light heat
Educational activilies
Insurance
Office expenses
DepTeciation of f￿ed assets
Bank charges l interest
3.840
3.410
3,774
5.516
12.286
2,048
3,418
1812
8,433
14.351
16.721
6.629
16.623
3.259
3.503
4.737
8.933
12.724
79.935
59.888
Govemance costs
830
662
Total Expenditure
80.765
60,550
Net (Expensel I Income for the Y
6,710
This note is provided management and need not be submitted extefflally
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