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2022-12-31-accounts

Buddha Land Kadampa Meditation Centre Ltd

Charity number 1087209

A company limited by guarantee number 04194110

Annual Report and Financial Statements

for the year ended 31 December 2022

Buddha Land Kadampa Meditation Centre Ltd

Annual Report and Financial Statements for the year ended 31 December 2022

Contents Page
Trustees' report 2 to 7
Examiner's report 8
Statement of financial activities 9
Balance sheet 10
Notes to the accounts 11 to 13

Prepared by West Yorkshire Community Accountancy Service CIO

1

Buddha Land Kadampa Meditation Centre Ltd

Trustees' report for the year ended 31 December 2022

Reference and administrative details of the charity, its trustees and advisors

The trustees during the financial year and up to and including the date the report was approved were: Name Position Dates

Debra Batchelor Bruce McCandlish Jennifer Andrews Kevin Carron-Esslinger

Resigned 19 April 2023 Resigned 3 September 2022 Appointed 3 September 2022

Walter O'Neill Secretary (Non-voting) Non-voting observer Carlo Crooks Charity number 1087209 Company number 04194110

Registered in England and Wales Registered in England and Wales

Registered and principal address

1 Lawkholme Crescent Keighley West Yorkshire BD21 3NR

Bankers

National Westminster Bank plc Yorkshire Building Society Triodos Bank 63 North Street Yorkshire House Deanery Road Keighley Yorkshire Drive Bristol West Yorkshire Bradford BS1 5AS BD21 3SN BD5 8JL

Independent examiner

Simon Bostrom FCIE

West Yorkshire Community Accountancy Service CIO

Stringer House 34 Lupton Street Leeds LS10 2QW

Structure, governance and management

The charity is a company limited by guarantee and was formed on 4 April 2001. It is governed by a memorandum and articles of association as amended 17 April 2002, 15 January 2006, 12 December 2020 and 5 May 2021. The liability of the members in the event of the company being wound up is limited to a sum not exceeding £10.

Method of recruitment and appointment of trustees

The trustees of the charity are also the directors for the purposes of company law and are appointed by the members at the AGM.

2

Buddha Land Kadampa Meditation Centre Ltd

Trustees' report (continued) for the year ended 31 December 2022

Objectives and activities

The charity's objects

To promote the Buddhist Faith under the spiritual guidance of the elected General Spiritual Director of the New Kadampa Tradition - International Kadampa Buddhist Union principally through the activities of teaching, study, practice and the observance of moral discipline all within the Mahayana Buddhist Tradition of Atisha and Je Tsongkhapa as taught be the Venerable Geshe Kelsang Gyatso, the Founder of the New Kadampa Tradition - International Kadampa Buddhist Union, through the continuous implementation of the three New Kadampa Tradition Study Programmes: the General Programme, the Foundation Programme and the Teacher Training Programme.

The charity's main activities

The charity runs a programme of classes and courses at the centres in Keighley and Burnley and in local towns. These are open to everyone and introduce the benefits of meditation and the Buddhist approach to a happier life to the general public. The charity also has a World Peace Cafe in the Keighley Centre which opened in September 2010 which promotes these activities to a wide range of people

Public benefit statement

In setting our objectives and planning our activities our Trustees have given serious consideration to the Charity Commission’s general guidance on public benefit and in particular the advancement of religion.

Achievements and performance

Teaching and Education Programme at Buddha Land Centre & Burnley Centre Jan – Dec 2022

2022 saw us return to almost pre Covid levels of running the Centres and Cafes as restrictions were lifted. We followed the guidance from our Buddhist tradition, the NKT who had given special permission during Covid for livestream and online classes and courses however, this was reviewed in the summer of 2022 and we were asked to cease all livestream options from Sept 2022. This was to encourage people back into the Centres, which is at the heart of what we do.

Centre Membership

With lockdown, we actively promoted our Centre Membership Scheme as a means to support the Centre financially during this difficult period and also as a means of supporting people with a varied online presence. This proved very popular, and we had average of 70 people signed up. This continued in 2022 – as we ran a hybrid model until the end of Aug whereby we still had online and livestream and in person options. From Sept 2002, the NKT advised that all on line options should cease with the ending of the unusual situation that Covid presented. As a consequence, several people stopped their Centre Membership as they preferred the online option but we have also seen more people return into the Centres and appreciate what was missing in the online attendance

General Programme classes

Classes were offered online and in person at both Keighley and Burnley. We offered over 20 classes per week including our morning meditations 4 days a week and 2 night owl meditations- until Sept 2022. From Sept, there were 3 classes in Burnley and 5 classes in Keighley each week

The Otley branch class continued on a Tuesday morning and an evening, there is a core group on a Tuesday morning and a move to a later time on a Weds evening did see numbers increase in the autumn. Shipley class was trialled for a 6 week period in the autumn but this did not take off and a class in Bradford City Centre was trialled in January but this did not take off either.

3

Buddha Land Kadampa Meditation Centre Ltd

Trustees' report (continued) for the year ended 31 December 2022

Achievements and performance (continued)

Courses

We continued to have a full schedule with courses every weekend at one of our Centres, sometimes 2 running, one in each Centre. Over the year, we held 19 half day workshops/courses in each Centre. We had a visiting teacher, Gen Chokyong in February in Burnley with 30 people in person and 10 online joining for an Overcoming Stress and Anxiety Half day Workshop

In Feb, we held an empowerment of Buddha Maitreya in Burnley with 18 people attending – about half in person and half on line. In Nov, we held an empowerment of Wisdom Buddha Parajnaparaimita at Buddha Land with 35 attendees

Retreats

We started the year with 6 Day Retreats over 3 weekends in January including 2 held at Bolton Abbey .We held a further 8 Day Retreats at Bolton Abbey which are very popular and have an average of 40 attendees. They offer the opportunity to spend time in a quiet & beautiful location, meet like-minded people and step back from usual daily activities.

We held a well-received Silent Day Retreat at Airton Friends Meeting House in April.

We have also held a number of Advanced Retreats over 2 or 3 days with the majority of these offering a guided first day to introduce the retreat and in the summer, we held a four day Inner Fire Retreat with 21 attendees, mostly online.

Weekend Away Retreats

We held a Centre Retreat to Madhyamaka Centre in April with 17 attendees and a further one at Tara Centre in Oct with 9 attendees enjoying a meaningful weekend away. We returned to Beamsley Centre for our annual weekend summer retreat (first one since Covid) in August with 17 people staying and offered the option of attending for the day on the Sat also which saw 26 people join us

Foundation Programme & Teacher Training Programme

Teacher Training Programme on a Monday morning continued to study Great Treasury of Merit. Friday morning FP continued to studying Eight Steps to Happiness. These 2 groups amalgamated in Sept 2022 with an FP/TTP hybrid to study Meaningful to Behold.

The Thursday evening FP in Burnley and Monday evening FP in Keighley studied How to Understand the Mind and then Heart of Wisdom

The choice of such a varied programme run by the Centres has given more flexibility to those wishing to study more in depth.

Stop the Week & other events

We held monthly STW events which varied greatly in attendees with our busiest being Japanese night in April with 28 attendees. We also ran 4 Food for Thought in Burnley which is building up a steady following.

We said goodbye to 2022 with a teaching and meditation, a meal and Avolokiteshvara Prayers dedicated to World Peace – this was a very popular event with 30 people joining for a meaningful start to the year.

Publicity

We continued without a printed brochure in 2022 as things were still a little uncertain to justify the expenditure. Flyers were printed in house for the Centres.

Generally, people come to our classes and course via our Web Pages and social media sites. We use some paid advertising on Facebook as a targeted way to reach new people and continue to monitor its effectiveness .Bolton Abbey ads are very effective and also we have found that attendees to Bolton Abbey often then come to the Centres for subsequent classes and courses.

4

Buddha Land Kadampa Meditation Centre Ltd

Trustees' report (continued) for the year ended 31 December 2022

Achievements and performance (continued)

Schools Programme, Chaplaincy and Other Visits

School visits resumed in person at both Centres (either schools coming to us or someone visiting the school). A small number of online visits via Zoom/Teams continued. Bradford Council recorded a video with our School Visits Coordinator which they share with schools and then follow up with a question and answer session online

Administrative Programme

World Peace Café

In 2022, the Cafe fully returned to its usual opening hours 5 days a week from Tuesday – Saturday following the ending of Covid restrictions. Business slowly returned to its pre Covid levels

The café has been staffed by a number of HelpX working visitors typically staying with us for 2- 4 weeks. Through this method, we were able to find and appoint a Sponsored Cafe Manager from July 2022 which has provided stability for the running of the café. We have also gradually increased our number of local volunteers, some of whom have special needs and appreciate the calm and supportive atmosphere the Café and Centre provides.

Fundraising

We held our usual raffle over the Christmas period and a Sponsored Walk in the summer, returning to a favourite walk along the canal in Lancashire, raising over about £700 for Centre improvements split between both Centres.

Residential Building

This continues to be the residence of 2 Sponsored Personnel – one leaving in July and another joining us in July. One room remains reserved for Working Visitors to the centre. The house is also home to 3 other residents wishing to live in spiritual community. Throughout the year, we continued to explore options for alternative accommodation and/or retreat centres, but did not secure any of the properties considered.

Burnley Centre

Burnley Centre continues to run a full programme of classes and courses including its own Foundation Programme study group. The Centre is generally open 3 days per week Discussions continued to take place with NKT and Buddha Land Trustees regarding the future development & independence of the Burnley Centre. Volunteers were sought from the Burnley Centre members to fulfil more administrative & managerial roles. Work continued to improves the interior of the centre with a modern and stylish café area installed and plans to complete the toilet areas in 2023

Governance

Trustees met approx. quarterly throughout the year. We held a hybrid AGM in September with members attending via Zoom and in-person.

Financial review

The net income for the year was £51,912 all on unrestricted funds.

The trustees have reassessed the charity’s ability to continue for at least 12 months from the date that the accounts are approved and conclude that no material uncertainties exist that cast significant doubt on the charity’s ability to continue as a going concern.

5

Buddha Land Kadampa Meditation Centre Ltd

Trustees' report (continued) for the year ended 31 December 2022

Reserves policy

The charity's free reserves, excluding fixed assets, at the year end were £223,841.

The charity has a policy to keep a cash reserve fund of £20,000 minimum, which the Trustees consider to be adequate to cover any unforeseen shortfall in short-term cash flow and the requirement to pay short-term loans. There is an option to set a maximum and minimum level.

The Trustees acknowledge that the free reserves held at the year end were in excess of the current policy. However the charity is considering the purchase of additional property in the future and it is envisaged that the reserves will be used for that purpose. The level of reserves and the appropriateness of available properties are discussed at quarterly Trustees meetings.

6

Buddha Land Kadampa Meditation Centre Ltd

Trustees' report (continued) for the year ended 31 December 2022

Statement of trustees' responsibilities

The trustees (who are also the directors for the purposes of company law) are responsible for preparing the Trustees report and the financial statements in accordance with the applicable law and UK Accounting Standards.

Company law requires the trustees to prepare financial accounts for each financial 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 charitable company for the year. In preparing these financial statements, the trustees are required to:

select suitable accounting policies and apply them consistently;

observe the methods and principles in the Charities SORP;

make judgements 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 accounts on a going concern basis unless it is inappropriate to presume that the charitable company will continue in operation.

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial accounts comply with the Companies 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 Statement of Recommended Practice: Accounting and Reporting by Charities (Charities SORP (FRS102)), and in accordance with the special provisions of the Companies Act 2006 relating to small companies.

Approved by the board of trustees on 09/08/2023

Kevin Carron-Esslinger (Trustee)

7

Buddha Land Kadampa Meditation Centre Ltd

Independent examiner's report to the trustees of Buddha Land Kadampa Meditation Centre Ltd

I report to the charity trustees on my examination of the accounts of the charitable company for the year ended 31 December 2022, which are set out on pages 9 to 13.

Responsibilities and basis of report

As the charity's trustees of the charitable company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the charitable company are not required to be audited 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 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Simon Bostrom FCIE

11/09/2023

West Yorkshire Community Accountancy Service CIO

Stringer House 34 Lupton Street Leeds LS10 2QW

8

Buddha Land Kadampa Meditation Centre

Statement of Financial Activities

(including summary income and expenditure account) for the year ended 31 December 2022

Notes
2022
Total
funds
Income from:
£
Grants and donations
(2)
6,915
Sales and fees
28,077
Fundraising
928
Bank interest
408
Centre memberships
23,388
Retreats
21,698
Rent and service charges
11,980
Course fees
18,953
Other income
2,795
Total income
115,142
Expenditure on:
Rates and council tax
1,558
Utilities
13,255
Household
958
Offerings
2,316
Sponsorship
6,645
Buildings and maintenance
1,557
Insurance
259
Advertising and publicity
5,072
Stationery and office supplies
248
Internet and telephone
1,092
Equipment and materials
1,543
Bookshop and gift shop supplies
2,738
Travel and transport
955
Fundraising costs
78
Rents
696
Café
6,403
Independent examination
1,034
Mortgage interest
1,293
Course expenses
9,713
PayPal charges
860
Administration
30
Loan interest
-
Depreciation
3,887
Bank charges
1,040
Total expenditure
63,230
Net income
51,912
Gains on revaluation of fixed assets
-
Net movement in funds
51,912
Fund balances brought forward
472,216
Fund balances carried forward
524,128		 2021
Total
funds
£
41,931
14,048
334
57
7,122
11,422
9,452
32,276
433
117,075
1,117
9,919
1,320
1,410
6,888
4,230
3,012
1,938
51
877
340
1,708
1,323
78
105
3,019
840
1,372
5,632
655
99
298
3,887
-
50,118
66,957
80,604
147,561
324,655
472,216

All incoming resources and resources expended derive from continuing activities.

9

Buddha Land Kadampa Meditation Centre Ltd

Balance sheet

as at 31 December 2022
Fixed assets
Tangible assets
(3)
Total fixed assets
Current assets
Stock
(4)
Prepayments
Cash at bank and in hand
(5)
Total current assets
Current liabilities:
amounts falling due within one year
Creditors and accruals
(6)
Total current liabilities
Net current assets
Total assets less current liabilities
Creditors: amounts falling due after one year
(7)
Net assets
Funds
Unrestricted funds
Total funds		 2022
Total
£
345,373
345,373
2,235
2,847
235,292
240,374
16,533
16,533
223,841
569,214
45,086
524,128
524,128
524,128		 2021
Total
£
349,260
349,260
2,556
500
191,713
194,769
16,511
16,511
178,258
527,518
55,302
472,216
472,216
472,216

For the year ending 31 December 2022 the charitable company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the charitable company to obtain an audit of its accounts for the year in question in accordance with section 476. The trustees (who also the directors for the purposes of company law) acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime and with FRS 102 (effective January 2019).

The financial statements were approved by the board of trustees on 09/08/2023

Kevin Carron-Esslinger (Trustee)

10

Buddha Land Kadampa Meditation Centre Ltd

Notes to the accounts

for the year ended 31 December 2022

1 Accounting policies

Basis of accounting

These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019) and with the Charities Act 2011.

The charity constitutes a public benefit entity as defined by FRS 102. There has been no change to the accounting policies since last year. No changes have been made to the accounts for previous years.

Going concern

The trustees are satisfied that there are no material uncertainties about the charity's ability to continue.

Incoming resources

All incoming resources are included in the Statement of Financial Activities (SOFA) when the charity becomes entitled to the resources, if it is more likely than not that the trustees will receive the resources and the monetary value can be measured with sufficient reliability.

Grants and donations

Grants and donations are only included in the SOFA when the charity has unconditional entitlement to the resources.

Where grants are related to performance and specific deliverables, they are accounted for as the charity earns the right to consideration by its performance.

Investments

Investments are stated at market value at the balance sheet date. The SOFA includes the net gains and losses arising on revaluations and disposals throughout the year.

Expenditure and liabilities

Expenditure is recognised on an accrual basis as a liability is incurred. Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out the resources and the amount of the obligation can be measured with reasonable certainty.

Taxation

As a charity the organisation benefits from rates relief and is generally exempt from income tax and capital gains tax but not from VAT. Irrecoverable VAT is included in the cost of those items to which it relates.

Tangible fixed assets

Tangible fixed assets costing more than £500 are capitalised and included at cost including any incidental expenses of acquisition. Gifted assets are shown at the value to the charity on receipt. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost on a straight line basis over their expected useful economic lives as follows: Freehold property: 1%

Fund accounting

All funds are unrestricted (general) funds and are available for use at the discretion of the trustees in furtherance of the general objectives of the charity.

11

Buddha Land Kadampa Meditation Centre Ltd

Notes to the accounts continued

for the year ended 31 December 2022

2
3
4
5
**6 **		 Grants and donations
Bradford Council
Burnley Borough Council
Other donations
Tangible assets
Cost
£
At 1 January 2022
200,000
Additions
-
At 31 December 2022
200,000
Depreciation
At 1 January 2022
10,358
Charge for year
2,000
At 31 December 2022
12,358
Net book value
At 31 December 2022
187,642
At 31 December 2021
189,642
Stocks
Café
Bookshop/gift shop
Cash at bank and in hand
Cash at bank
Cash in hand
Creditors and accruals
Triodos Bank mortgage accounts payable within one year
Interest free loans payable within one year
Nat West Bank loan payable within one year
Accruals
Other creditors
Burnside
Mill		 £
132,000
-
132,000
17,160
1,320
18,480
113,520
114,840
Lawkholme
Crescent		 2022
Total
funds
£
4,397
-
2,518
6,915
£
56,685
-
56,685
11,907
567
12,474
44,211
44,778
2022
£
691
1,544
2,235
0
2022
£
235,292
-
235,292
2022
£
5758
3250
4630
2,895
-
16,533
Skipton
Road		 2021
Total
funds
£
21,601
16,335
3,995
41,931
Total
£
388,685
-
388,685
39,425
3,887
43,312
345,373
349,260
2021
£
581
1,975
2,556
2021
£
191,398
315
191,713
2021
£
5079
3250
2944
5084
154
16,511

12

Buddha Land Kadampa Meditation Centre Ltd

Notes to the accounts continued

for the year ended 31 December 2022

7 Creditors: amounts falling due after one year
Triodos Bank mortgage accounts payable after more than one year
Nat West loan payable after more than one year		 2022
£
26,566
18,520
45,086		 2021
£
31,746
23,556
55,302

Security over assets

The mortgages are secured by a legal charge over the charity's freehold land and buildings.

8 Related party transactions

Trustee expenses

No trustee received any expenses during this year or the previous year.

Trustee remuneration and benefits

No trustee received any remuneration or benefit during this or the previous year.

13