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|||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|
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|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|||
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|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|