2021-12-31-accounts

		Unrestricted	Restricted	Total	Tota I
		funds	funds
		31.12.21	31.12.21	31.12.21	31.12.20
		E	E	E	E
INCOME FROM CHARITABLE ACTIVITIES
Voluntary income		5,192		5,192	11,178
Courses & retreats		79,119		79,119	101,849
Accommodation income		15,800		15,800	33,092
Gift shop		10,877		10,877	15,819
Other Income		322		322	518
TOTAL INCOMING RESOURCES		111,310		111,310	162,456
EXPENDITURE ON CHARITABLE ACTIVITIES
Sponsorship		23,417		23,417	17,392
Courses &Retreats		16,893		16,893	25,084
Accommodation expense		151,457		151,457	102,713
Gift shop		5,139		5,139	7,010
TOTAL RESOURCES EXPENDED		196,906		196,906	152,199
Surplus/(Deficit) for the year		(85,596)		-85,596	10,257
Profit on Sale of Freehold Property	(Note 2)	586,755		586,755
Net movement in resources		501,159		501,159	10,257
Reconciliation of Funds
Net Incoming Resources		501,159		501,159	10,257
Funds Brought Forward 01.01.21		533,782	7,906	541,688	531,431
Funds Carried Forward 31.12.21		1,034,941	7,906	1,042,847	541,688

	KADAMPA	MEDITATION	MEDITATION	CENTRE LONDON
	(COMPANY		LIMITED	BYGUARANTEE)
	BALANCE SHEET AS AT DECEMBER 31"2021
			2021		2020
	Note		E		E
FIXEDASSETS
Tangible Assets				768,948		998,361
NON CURRENT ASSETS
Loans Receivable				250,000
CURRENT ASSETS
Stock			13,834		18,340
Debtors			991		1,271
Cash at Bank and in hand			50,744		16,476
			65,569		36,087
CREDITORS: Amounts
falling due within one year		41'670			87,967
NET CURRENT ASSETS				23,899		(51,880)
CREDITORS: Amounts
Falling due after more						(404,793)
than one year
NET ASSETS				1,042,847		541,688
Funds ofthe Charity
Unrestricted income Funds				1,034,941		533,782
Restricted income Funds				7,906		7,906
				1,042,847		541,688

2. Disposal of Property	2. Disposal of Property	Asset	Asset
The sale relates to	a property			held	by	the	charity	for ten	years; 'Oakleigh',		Herbert		Road. The		amount		received	was	E1,600,000
and after repaying	the bank		mortgage,			a	loan from NKT-IKBU			and other disposal costs, a profit off586,755 was								made.		This	will
be used to further	the general			objects		of	the charity.
3.Tangible Fixed	Assets
								Freehold			Property				Fixtures		gi			Total
								Property		Improvements					Fittings
									E				E				E
Cost
As at ln January	2021							910,000			81,393				23,167				1,014,560
Disposals								(910,000)			(82,359)								(992,359)
Additions								750,000			13,875									763,875
As at 31"December		2021						750,000			12,909									786,076
Depreciation As at '1"January 2021															16,199					16,199
Disposals
Charge for the Period																929					929
As at 31"December		2021													17,128					17,128
Net book value	at 31"							750,000			12,909				6,039					768,948
December 2021
4. Loan made during		year 2021
During the year, a loan off250,000 (Two Hundred									and	Fifty Thousand		Pounds)		was made to			New Kadampa			Tradition
- International Kadampa			Buddhist			Union (Company			No.	02758093, Charity			Reg No (England)				1015054.
The terms ofthe	loan	are	on demand,				and it	is without		interest.
5.Stocks														2021					2020
														E						E
Stocks of books	and	Statues												13,834					18,340
6.Debtors Ik Prepayments														2021					2020
														E						E
Debtors														270
Prepayments														721					1,271
														991					1,271
7.Creditors: Amounts		falling due				within one year								2021					2020
														E						E
Bank loans (mortgage		principal)																	20,267
Other creditors														550					1,310
Accruals														1,120						745
Loan (New Kadampa		Tradition			- International			Buddhist		Union)									65,645
Bounce Back Government				loan									40,000							1
Accruals														1,120						745
													41,670						87,967

8.Creditors: Amounts		falling due		2021		2020
after more than one	year
						E
Long term mortgage	principal					404,793
			Unrestricted	Restricted	Total	Total
			Funds	Funds
			31.12.21	31.12.21	31.12.21	31.12.20
			E	E	E	E
9.EXPENDITURE BREAKDOWN
Building improvement			37,459		37,459	6,875
Centre rates and utilities			18,188		18,188	16,009
Cleaning and maintenance			6,064		6,064	5,503
Meditation room costs		(incl. offerings)	4,374		4,374	5,267
GP venues and related		expenditure	1,462		1,462	4,718
Temple shop expenses			5,139		5,139	7,010
Sponsorship costs			23,417		23,417	17,392
I-lousehold and garden			429		429	0
Provision for depreciation			929		929	929
Insurance			2,503		2,503	2,837
Advertising and publicity			4,167		4,167	11,900
Administrative costs			9,714		9,714	14,460
Travel expenses			6,890		6,890	8,178
Donations			50,561		50,561	30,009
Governance costs;
Professional fees			5,181		5,181	2,707
Bank charges			1,428		1,428	1,646
Interest payable			19,001		19,001	16,759
Total			196,906		196,906	152,199