NKT- IKBU UMA KADAMPA MEDITATION CENTRE LTD A company limited by guarantee Annual Trustees Report and Financial Statements 31 St December 2025 Regislered charity number L089869 Registered Company number 04271203 In EnglarKI and Wales A member of the New Kadampa Tradition - Intemational Kadampa Buddhist Union
Uma Kadampa Meditstion Centre Ltd - Annual Trustees Report 2025 Index Page Table of contents Report of the Trustees Statement of Trustee's Responsibilities Independent examinels report Statement of Financial Activities 10 Balance Sheet 11 Notes to financial statemenls 12-15
Uma Kadampa Meditation Centre Ltd - Annual Trustees Report 2025 REPORT OF THE TRUSTEES {Including Dlrectors, Report) The trustees (who are also Company Directors) submit their report and unaudited financial statements of the company for the year ended 31 st December 2025. Reference and administrativ8 details Registered charity name UMA MEDITATION CENTRE LTD. Charity registration No: 1089869 Company registration No.. 04271203 Registered office 16-18 Spencer Street, CarEisle, CUMBRIA CA1 18G Trustee detalls Trustee Directors A Stordy (appointed May 2025) LM Devine BJ Strotton T Oliver-walsh (resigned May 2025) S D Hopgood (appointed May 2025) Company secretary Independent examiner Mr A Jenkins 14 Shiels Drive Bristol. BS32 8EA Structure and Governing Document The charity, Uma Kadampa Meditation Centre is a charitable company limited by guarantee; incorporated on 15th August 2001 under the Companies Act 1985, as a private limited company It was registered as a charity on 19th December 2001. Originally incorporated as Uma Buddhist Centre the name was changed by special resolution on the 24th September 2014. The company was established under a Memorandum of Association, which established the objects and powers of the charrtable company and is governed under its Articles of Association, as amended by special resolutions on 6th February 2004 and 6th November 2020. In the event of the company being wound up members afe required to contribute an amount not exedIng £1. Recruitment and Appoinlment of Management Commltt•e Trustees are recruited from within the centre or from other similar ntreS so that they have knowledge and understsnding of the charty's aims and workings. To be elected or appointed as a trustee, the nominee must be a member of the charity and are elected by the members at the Annual General Meeting or by the Irustees and other members of the organisation, in particular the Administrative Director and Resident Teacher, who have
Uma Kadampa Meditation Centre Ltd - Annual Trustees Report 2025 experience within the organisation. The number of Directors shall be three. two of wh1 must be Members (and normally Local Members) and shall be elected by members of the charity. The third Director shall be an ex offico Director and must be the duly appointed Administrative Director of a major NKT-IKBU Kadampa Meditation Centre in the United Kingdom, as specified in the Articles of Association. Neither the Spiritual Director nor the Administrative Director not Ihe Resident Teacher of Ihe Charty may be a director. Related Chariti88 The charity is a member of the New Kadampa Tradits'on - International Kadampa Buddhist Union ('NKT-IK8U), which is made up of the many centres throughout the world with the same objects, however they are irKlependenl charities lined only by their objects and there is no financial dependency although funds may pass between centS to fulfill aims and objectives. Tru8t•a Inductlon and tralnlng Every trustee must be familiar with the practical work of the charity and the New Kadampa Tradition - International Kadampa Buddhist Union (NKT-IKBU). The trustees are familiar with the Memorandum and Articles of the charity. urKlerstand their obligations as Management Committee members arKI are aware of the current financial position of the charity. In addition they must have read. understood entirely and accepied the Internal Rules of NKT-IKBU. Organlsatlonal Struc The board of Directors shall appoint an Administrats've Director and shall delegate the responsibility for all day-to-day management of the charity to himlher. The day-to-day activities and affairs of the charity shall be conducted and all corresponding corporate powers shall be exercised by the Administrative D1ClOr, in consultstion with the trustees. The charity is affiliated with the New Kadampa Tradition charity, which is a parent organisation for the ntre$ of the NKT-IK8U worldwKle. As an affiliated ntre, Uma Kadampa Meditatbon Centre follovts and acts in accordance with the Internal Rules of NKT- IKBU. Ralatod Partles and cOperatIon with other organisation8 None of the trustees receive a remuneration or other benefit from their work with the charity, Uma Kadampa Meditation Centre also occasionally cooperates with the New Kadampa Tradition Charity, and the other NKT-IKBU nIreS worldwide, for example when organising events. Pay policy for s•nior staff The directors who are the charity's trustees. and the senior management team comprise of
Uma Kadampa Meditation Centre Ltd - Annual Trustees Report 2025 the key management personnel of the charity in charge of direcling and controlling. running and operating the charity on a day-to4ay basis. All Directorsltrustees give of their time freely and no d1CtOr1trustee received any remuneration in the year. Risk Management The trustees have a risk management strategy which comprises of: -regular reviews of the principal risks and unCertaintS that may face the charity., -the establishment of policies, systems and procedures to mitigate any risks identified in regular reviews; -and the implementation of procedures designed to minimise or manage any potential impact on the charity should those risks maten'alise. Objective8 and actlvltles The company's objects and principal activities are to.. To promote the Buddhist Farth under the spiritual guidance of the elected General Spiritual Director of the New Kadampa Tradition - International Kadampa Buddhist Union (NKT- IKBU) 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 by Venerable Geshe Kelsang Gyatso, the founder of the New Kadampa Tradition - International Kadampa Buddhist Union, through the continuous implementation of the three study programmes., the General Programme, the Foundation Programme and the Teacher Training Programme, all as defined in Schedule A. Schedule A The General Programme provides a basic introduction to Buddhist View and meditation that is suitable for beginners. The Foundation Programrne provides an opportunity to deepen our understanding and experEnce of Buddhism through the systematic study of Buddhist texts. The Teacher Training Programme provKles an opportunity to deepen our understanding and experience of Buddhism through the systematic study of Buddhists texts. Volunteers The charity makes significant use of volunteers in all areas of its actNities. All General Programme classes held oulside the ntre are taught on a voluntary basis with support from local class members. The centre itself also regularly makes use of volunteers in many areas, ranging from occasional help, through regular help, to full-time work on specific projects.
Uma Kadampa Meditation Centre Ltd - Annual Trustees Report 2025 Public Bon•fits In exercising their powers and duties, the trustees have had due regard to the guKlance on public benefrt published by the Charity Commission. They believe that the work of the charity in promoting the Buddhist faith has cleady identffiable beneffts. The charity believes that there are three important public benefrts to promoting the Buddhist faith.. to help people to develop their wisdom, to cultivate a good heart, and to maintain a peaceful mind. If we do not strive to develop our wisdom, we will aayS remain bgnorant to the true nature of reality. Everyone wishes for happiness, but our ignorance or realty leads us to engage in non- virtuous actions, which in tum are the main cause of all our suffering. Further, if we do not cultivate a good heart towards others, then our selfish molivation destroys the hannony of our relationships with others. We then have no pea, and no chance to gain pure happiness. Wrthout inner peace, outer peace is impossible, both personally and throughout society. Beneflt to the Publlc The charity offers regular courses of instruth'on in Buddhist philosophy, psychology and meditation, bringing personal and social benefit. These courses are accessible to the public for modest fees. The more advanced course$ of instruction require a greer commitment of personal time from participants. The charity also maintains a year-round programme of ser¥ices of prayer and meditation, again open to the public. Achlev•m•nts and porformance Changes were made to the Management team half way through the year with the Administrative Director leaving for another Kadampa Centre aThl the former Administrative Director taking the role again. Running of the Education Programme was then shared between the Resident Teacher and the Administrats"ve Director. The Education Programme remained much the same with extra courses or retreats being offered from September to give more opportunities to attend. The retreats in external venues in the wider district continued to be well attended. The two successful branches in Penrith and Workington continued. Social media was used more extensively to try to increase the reach of advertising. Regular Open House events were held to attracl new people and build Community. We continued to engage with the wider communty by taking up invrtations io many educational visits and communty events. Health and Safety considerations were ongoing throughout the year, in particular attending to Fire Risk Assessments requirements. Flnancial review The trustees were very satisfied with the results for the year. Wrth a decrease in staff and associated costs there was a surplus of £1,687, despite hh loan interest rates and the increased cost of living in the UK. Planning ahead. the Trustees will be looking into suitable
Uma Kadampa Meditation Centre Ltd - Annual Trustses Report 2025 the increased cost of INing in the UK. Planning ahead, Trustees will be looking into suitable methods for making savings and increasing income. Our pricing policy Our pricing policy reflects our strategy of enabling all wrthin our communrty, whatever their means, to take part in our acts'vities and to attend our meditation classes and courses. We offer regular discounts as well as some free classes and events. Concessionary admittance to paid events is available on request, arKI no one is turned avray for genuine lack of funds. To view our programme, and for further details of entran fees. please visit our website uma.org.uk or telephone our office, 01228 319344 or email hello@meditsteinc8rlisle.org, for the centre opening times check our websrte, medrtateincarlisle.org. Investmont pow•rs and pollcy The trustees, having regard to the liquidty requirements of operating the Charity, have kept available funds in an interest-bearing deposit account and seek to achieve a rate of deposit which matches or exceeds inflation as measured by the retail prices index. Due to wider economic circumstances deposit rates have been depressed and so this aim was not achieved in the year. Reservo8 policy and going concorn The Board of Directorsltrustees ensures that there a sufficient serveS available to bridge the gap between the spending and receiving of income, and lo cover any unplanned repairs and other expenditure in unrestricted furds based on previous yearfs expenditure and current budgets. These standards are set out in the Money Handbook issued by the NKT- IKBU. The directors are of the view that the Charity is a going concern, based on the relakn've stability in the activrties of the charty. Princip Funding Sour¢•s All income in the year came from charitable activities: no funding was received from outSKle sources. Small Company provlslons This report has been prepared in accordan with the provisions applicable to companies entitled to the small companies exemption.
Uma Kadampa Medltation Centre Ltd - Annual Trustees Report 2025 STATEMENT OF TRUSTEES, RESPONSIBILITIES The charity trustees (who are also the directo of the Charity for the purposes of Company law) are responsible for pwaring 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 Ihe income and expenditure, of the charity for that period. In preparing the financial statemenls, the trustees are required to: select 8Ultable accounting policies and then apply them consistently., obsenie 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 financial statements on the going con(xm basi5 unless it is inappropriate to presume that the charity will continue in business. The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that Ihe financia5 statemenls comply with the Companies Act 2006. They are also responsible for safeguarding ihe assets of the charty and the group and hen taking reasonable steps for the prevenlion and detection of fraud and other irregularities. The trustees, annual report was approved on and signed on behalf of the board of trustees by: B J Strotton Company Directoirrrustee
Uma Kadampa Meditation Centre Ltd- Annual Trustees Report 2025 IA Company Llmlted by Guarantoe not havlng a Sharn Capltal} STATEMENT OF FINANCIAL ACTIVITIES For the year ended 31 DeceMr. 2025 2025 2024 Unreslricled Funds Unreslricled Funds Incomo from: Donations Charitable aclivities 12 126 57.968 11 358 51698 Total Income 10,094 63,056 Expenditure on: CharilatAe aclivilios 68 407 71.070 Total Exp¢nditur¢ 68.407 T1,070 Net (Expense) I Income lor ihe Year 1,687 8,014 RECONCILIATION OF FUNDS Funds broutht foTh¥ard 43.430 51444 Nel (Expènsel I Income for thé Year 1.687 18.0141 Funds Carrled FoThvafd
Uma Kadampa Meditation Centre Ltd- Annual Trustees Report 2025 The accompanying notes on pages 12 - 15 form part of these financial statements. IA Company Llmlt•d by Guarantse not havlng a Share Capltal) BALANCE SHEET
Uma Kadampa Meditation Centre Ltd - Annual Trustees Report 2025 As at 31 December, 2025 2025 2024 Notes Unrestricled Funds Unrestricted Funds FIXED ASSETS T8ngible Assels 220 500 228 000 CURRENT ASSETS Cash al Bank Deblors Stock 26 263 21.913 963 500 1.s08 27. 771 23 376 CREC4TORS - Amounts due wlthln one yeaf Other creditors 9.681 7.149 NET CURRENT ASSETS I (LIABILITIES) 238.590 244,227 CREOITORS - Amounls due after one year Loans 193 473 200.797 NET ASSETS OF THE CHARITY FUNOS OF THE CHARITY Unre51ricled Funds 45.117 43.430 TOTAL CHARITY FUNDS 12
Uma Kadampa Meditation Centre Ltd - Annual Trustses Report 2025 The accompanying notes on pages 12- 15 fom) part of these flnancial st*em8nts. For the year ending 31 December 2025, thè company was entthd to exemption from audit under Section 477 of the Companies Act 2C relatin9 to small companies and are prepared according to that regime, The Directors, responsibilities include." 111 The members have not required thè company lo obtain an audll of its financial stalements for the year in questKsn in attordance with Section 476',121 The directors acknowledge their responbIlItIeS for complying wrth the requInnIS of the hLt for accounting rewrds and prèparation of financlal statements. Approved by the board.. B J Strotton - Company Directorrrrustee Date NOTES TO THE FINANCIAL STATEMENTS ACCOUNTING POLICIES a) Basls of Pr•paration The accounts are prepared under the historical cost convention. These financial statements have been prepared in complianc8 With FRS 102, 'The Financial Reporting StarKJard applicable in the UK and the Republic of Ireland,. the Statement of Recommended Pradice applicable to chanties preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK arHI Republic of Ireland (FRS 1021 (Charities SORP (FRS 102}) and the Companies Act 2006. b) Fund Accounllng
Uma Kadarnpa Meditation Centre Ltd - Annual Trustees Report 2025 Unrestricted funds are available for use at the discretion of the Trustees in furtherance of the general objectives of the chaiity and whith have not been de$NJnated for other purposes There are NO restncted funds. l income and expendrture is unrestricted, hence all balances on page 8 Balance Sheet are fully unrestricted in nature. c) Income All incoming resources are Incl in the statement of financial activities when entitlement has passed to the charity,. it is probable that the economic benefits associated with the transadion will flow to the charity and the amount CAn be liablY measured. The following specific policies are applied to particular categories of income.. income from donations or grants is recognised when there is evid8nc8 of enlitl8m8nt to the grft. receipt is prOba1e and its amount can be measured liablY. F, income from donated goods is measured at fair value of the goods unless this is Impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated foalrties and services are recognised in the accounts when received rf the value can be reliably measured. No amounts are included for the contribution of general volunteers. F, income from contracts for thé supply of 8efvices is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spenl on a particular purpose and returned if unspent, in which case It may be regarded as restricted. 14
Uma Kadampa Meditation Centre Ltd - Annual Trustees Report 2025 NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) ACCOUNTING POLICIES (Cont'd) d) Expenditurn Expendrture is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activrties to which it relates.. expenditure on raising funds includes the co$ of all fundraising activities, events, noncharitable trading activrties, and the sale of donated goods. i, expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further rts charitable aims for the benefit of its beneficiaries. including those support costs and costs relating to the governance of the charity apportioned to charitable activities. I" other expenditure includes all expenditure Ihat is neither related to raising funds for the charity nor part of rts expenditure on charitable activities. All costs are allocated to expenditure categories reflecting the use of the resource. e) Tangibl• Fixed Assets and D•pr•¢lation Tangible fixed assets are Sts*d at cost less accumulated depreciation, where appropriate. Depreciation is provided al rates calculated to write off the cost less estimated residual value of each asset over its expected useful lrfe (cars.. 4 years, building.. 50 years). Assets below £250 and grant funded expendtture are not capitalised, but vKitten off within expenses. For propety improvements we depreciate over 8 years. fj Company Limited by Guarantee The company is limited by guarantee and has no share caprtal. In the event of the winding up or dissolution of the company, the mernbers are liable lo contribute an amount not exceeding £1 towards the debts and liabilities of the company.
Uma Kadampa Meditation Centre Ltd - Annual Trustees Report 2025 NOTES TO THE FINANCIAL STATEMEKfs (CONTINUED) Fixed Assets Ffeehold property Motor Vehicle Total Co•t Balance brought at1 January 2025 Additsons Disposals Balance camed S)pward al 31 December 2025 306 000 300.000 6.000 306,000 DepreCin 8alanc£ brought fr)riard at l January 2025 Charge br Ihe year Released Balance camed foThvard al 31 December 2025 76.StXi 6.OCIJ 1S00 1.500 78.000 7.500 82.500 3.000 85,500 Net book vilue it 31 De¢ember 202fj Net book value al 31 Oecember 2024 217,500 223.500 3.000 4.500 220.500 228.000 3. CREDITORS w5th1n ono year 2025 2024 Bank loans and overdrafts Trade credrtors Accruals and rent deposrts 6.179 937 2.565 9,681 6.179 610 360 7.149 Other Creditor5 within one year indudes rent bonds, amounts due back to tenants upon satisfactlon oflhe departure critena. 4. CREDITORS ov•r ono year 2025 2024 Bank loans and overdrafts 193.473 200,797 The above arnount includes a commercial bank loan secured on the freehold property. Interest on this loan is included in the profit and loss account. 16
Uma Kadampa Meditation Centre Ltd - Annual Trustses Report 2025 5. Staff Costs The total staff costs and employee benefits for the reporting period are analysed as follows: 2025 2024 Wages and salaries 13,304 14,833 The average head count of employees during the year was 1 (2024: 1) and the average number of full-time equivalent employees during the year was also 2 for both years. No employee received employee benefrts of more than £60,000 during the year (2024: Nil). The trustees received no remuneration or benefft from volunteering their services with the charity, or a related ents'ty. 6. Oth•r Costs 2025 2024 Depreciation 7,500 6,000 Independent examination fees 360 360 17
Uma Kadampa Meditation Centre Ltd- Annual Trustees Report 2025 STATEMENT OF Income and Expendfture For the y•ar •nd8d 31 Décemb8r 2025 2024 Tthal Funds Total Funds Income: Don41ions and grants received 12 126 11358 Ch•rithble •I¥ll5e& Education Accommodation Oiher (incl intèresll 19 984 36 443 1541 14 194 36 246 1258 51,698 Totsl Incomo 70,094 63,056 Expendllure.. Charitablè activitiès Educalion Oflerings & Donations Shop I Cafè stock Accornrnodalion Premises Utilities Building mainlenancdinsurancè Staff c0515 Sundry l Admini51fation Bank charges l ¢nteresl tkwecialion Profèssional l Aecounlancy 2815 2039 27S9 1741 595 3816 11630 6.300 14 833 1 170 21 447 6000 779 5108 9617 5914 13 304 1002 19 062 7500 1241 Totsl Expendituie 68.401 71,D70 Net IExp•n801 I Income lof the Year 1,681 Thrs note fs Pfovtded for m4n8sement and red nol Submitted ext•mally 18
Uma Kadampa Meditstion Centre Ltd - Annual Trustees Report 2025 Independent Examinerfs Report I report to the trustees on my examination of the finanaal statements of Uma Kadampa Meditation Centre Ltd ('the company,) for the yèar ended 31 December 2025 on pages 10-15. Re$ponsibllitle$ and basss ol report As the trustees of the Company (and also its diredor5 for the purposes of company lawl you ar8 responsible for the preparation of the financial slalements in accordance with the requirements of the Companies Act 20Cfj I'the 20C6 Ad.). Having Satisfied myseff that the accA)unts of the company are not required to be audited under Part 16 of the 21x6 Act and are eligibbe for independent exarnination, I report in respect of my examination of the company's accounts as carried out under section 145 of the Chanlies Act 2011 {'the 2011 Act'l. In carying out my examination I have followed the Directions given by the Chanty Commission under section 14515)Ibl of the 2011 Act. Independent examlnerfs statement I have completed my examination. l Confirm that no matters have come to my attention in connection with the examination giving me cause to believe.. accounting records were not kept in re$pe¢l of the rnPany as required by section 386 of the 2006 Act,. or the financial statements do not accord wrth those records., or the financial statements do not comply with the accounting requirements of section 396 of th¢ 2006 Act other than any requirement that the accounts give a 'true and fai¢ view which is nol a matter considered as part of an independent examination", or the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applirable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republi¢ of Ireland {FRS 102). I have no concerns and have come across no other matters in connection with the examination to which attenlion should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Sned Date 16104 12026 Alistair Jenkn'ns 14 Shiels Drtve, Filton, Bristol. BS32 8EA.