Company Registration Number 04737200
KADAMPA MEDITATION CENTRE LONDON
REPORT & FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Reglstered Charlty Number 1100615

KADAMPA MEDITATION CENTRE LONDON
CONTENTS
FOR THE YEAR ENDED 31st DECEMBER 2024
Contents
Trustees Annual Report
page 1-6
Independent Examiners Report to the Trustees
page 7
Statement of Financial Activities
page 8
Balance Sheet
page 9
Notes to the Accounts
page 10-13

KADAMPA MEDITATION CENTRE LONDON
LEGAL AND ADMINISTRATIVE INFORMATION
FOR THE YEAR ENDED 31st DECEMBER 2024
The Trustees, who are also directors for the purpose of company law, have pleasure in presenting their report and
the unaudited financial statements of the charity for the financial year ended 31 December 2024.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Charity Name
Kadampa Meditation Centre London
Company Registration Number
04737200
Registered Charity Number
1100615
Registered Office
la Ashridge Way
London
SM4 4EF
England
Trustees
The trustees who served the charity during the period were as follows:
John McBretney (resigned 14-Sep-24)
Carrie-Anne Ling (appointed 14-Sep-24)
Gary Gallagher
Mary Diskin
Secretary
Sarah Kneafsey
Independent Examiner
Alistair Jenkins
Bankers
National Westminster
York City Centre
l Market Street
York YOI 8SR

KADAMPA MEDITATION CENTRE LONDON
TRUSTEES ANNUAL REPORT
FOR THE YEAR ENDED 31st DECEMBER 2024
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing Document
The Charity is constituted as a company limited by guarantee under the Companies Act and governed by its
Memorandum and Articles of Association and is also a registered charity.
Trustee Recruitment and Training
Of the three trustees, two elected trustees are recruited from within the centre or from other similar centres so that
they have knowledge and understanding of the charitvs aims and workings. To be elected or appointed as a trustee,
the nominee must be a member of the charity and are elected by members at the Annual General Meeting or by the
trustees when the need arises according to the Articles of Association. The third trustee is an ex~officio trustee, by
virtue of them being the Administrative Director of a centre specified in the Articles of Association. Each new trustee
is guided by the current trustees and other members of the organisation, in particular the Administrative Director
and Resident Teacher, who have vast experience within the organisation.
Related Charities
The charity is a member of the New Kadampa Tradition- International Kadampa Buddhist Union ("NKT-IKBU"),
which is made up of many centres throughout the world with the same objects. They are all independent charities
linked only by their objects and there is no financial dependency, although funds may pass between centres to fulfil
aims and objectives.
OBJEcfivES AND AcfiviTIES
Objects
The objects of the charity are to promote the Buddhist faith under the spiritual guidance of the elected Spiritual
Director of the NKf-IKBU principally through 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 Rinpoche, the founder of the NKT-IKBU, through the continuous implementation of the three NKT
study programmes: the General Programme, Foundation Programme and Teacher Training Programme.
Aims and Activities
The charity aims to provide facilities to enable students to study, practice and observe the moral discipline as set out
the objects and this has been achieved so far by establishing the centres in Morden and Kensington. The charity
also holds branch classes across London to provide teachings and insight to whomever wishes to attend.
Volunteers
The charity has many volunteers from the local community, who are essential for the running of the charity and are
involved in all aspects of it. We also offer wider opportunities to volunteer through volunteering visits.

KADAMPA MEDITATION CENTRE LONDON
TRUSTEES ANNUAL REPORT
FOR THE YEAR ENDED 31st DECEMBER 2024
Public benefits
In exercising their powers and duties, the trustees have had due regard to the guidance on public benefit published
by the Charity Commission. They believe that the work of the charity in promoting the Buddhist faith has clearly
identifiable benefits. The charity believes that there are three important public benefits 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
increase our wisdom, we will overcome the problems in our daily life, improve our relationships with others, and
become of real benefit to a troubled world.
Benefit to the public
The charity offers regular courses in Buddhist philosophy, psychology and meditation, bringing personal and social
benefit. These courses are accessible to the public for modest fees and everybody is welcome- Buddhist and non-
Buddhist. The more advanced courses of instruction require a greater commitment of personal time from
participants. The charity also maintains a year-round programme of prayers and meditation, again open to the
public.
ACHIEVEMENTS AND PERFORMANCE
KMC London continued to provide Kadam Dharma to the people of London through the three study programmes:
General Programme, Foundation Programme and Teacher Training Programme. During the year, numerous day and
weekend courses at KMC London were provided which were well attended. The Foundation Programme and Teacher
Training Programme continued and were also well attended.
The Temple for World Peace in Morden and the commercial space in Kensington are both owned by the New
Kadampa Tradition- International Kadampa Buddhist Union (NKT-IKBU) and are open six days a week, staffed by
sponsored people and volunteers.
FINANCIAL REVIEW
KMC London's courses and retreats continued to be popular in 2024, with associated income at £107,960.
Overall the total income for 2024 was £140,199 (2023: 149,142). KMC London gave donations to NKT-IKBU to
support the International Temples Project and we have four sponsored people that cover the Morden and
Kensington Centres.
RESERVES POLICY
The Trustees consider that the level of free reserves should be retained in liquid funds equivalent to cover up to six
months overhead expenditure. These reserves are to be held in order to maintain the basic operations of the charity
and to provide some surety against adverse financial events, such as income targets not being achieved or
unexpected expenditure.
Signed on behalf of the Trustees:
Director: .............
Date:
i.<.1..i.J.,
CA£Q£ - L i

KADAMPA MEDITATION CENTRE LONDON
TRUSTEES ANNUAL REPORT (continued)
FOR THE YEAR ENDED 31st DECEMBER 2024
RESPONSIBILITIES OF THE TRUSTEES
The trustees (who are also the directors of KMC London for the purposes of company law) are responsible for
preparing the Trustees Annual Report and the financial statements in accordance with applicable law and
regulations.
Company law requires the trustees to prepare financial statements for each financial year. Under that law the
trustees have elected to prepare the financial statements in accordance with the United Kingdom Generally
Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the
trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the
state of affairs of the charitable company and the income and expenditure of the charitable company for that
period.
In preparing these 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 2015;
Make judgements and accounting 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 concern basis unless it is inappropriate to presume that the
charitable company will continue in operation.
The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the
charitable company's transactions and disclose with reasonable accuracy at any time the financial position of the
charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006.
They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable
steps for the prevention and detection of fraud and other irregularities.
INDEPENDENT EXAMINER
Alistair Jenkins is continuing as independent examiner for the coming year, who resides at 14 Shiels Drive, Bristol,
BS32 8EA
Signed on behalf of the trustees:
Name
Date
Zf

KADAMPA MEDITATION CENTRE LONDON
INDEPENDENT EXAMINER'S REPORT
FOR THE YEAR ENDED 31st DECEMBER 2024
I report on the accounts of Kadampa Meditation Centre London for the year ended 2024, pages 8-13.
Respective responsibilities of the Trustees and the Independent Examiner
As Trustees you are responsible for the preparation of the financial statements; you consider that an audit is not
required under Section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is
needed.
It is my responsibility to:
l. Examine the accounts under section 145 of the 2011 Act,
2. Follow the procedures laid down in the General Directions given by the Charity Commissioners under Section
145(5)b of the 2011 Act; and
3. State whether particular matters have come to my attention
Basis of this report
My examination was carried out in accordance with the General Directions given by the Charity Commission. An
examination includes a review of the accounting records kept by the charity and a comparison of the accounts
presented with those records. It also includes considering any unusual items or disclosures in the accounts and
seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide
all the evidence that would be required in a full audit, and consequently I do not express an audit opinion on the
accounts.
Independent examinerfs ststement
In connection with my examination, no matters have come to my attention:
l. Which give me reasonable cause to believe that in any material respect the requirements to keep accounting
records in accordance with section 130 of the 2011 Act. and to prepare accounts which accord with these
accounting records have not been met. or with section 130 of the 2011 Act; and to prepare accounts which
accord with these account records 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
Date
14 /]/ 2025
Alistsir Jenkins - Independent Examiner
14 Shiels Drive, BRISTOL, BS32 8EA.

KADAMPA MEDITATION CENTRE LONDON
(COMPANY LIMITED BY GUARANTEE)
STATEMENT OF FINANCIAL ACTIVITIES
Income and Expenditure Account
FOR THE YEAR ENDED 31it DECEMBER 2024
Unrestricted Unrestricted
2024
2023
NOTE
INCOME FROM CHARITABLE AcfiviTIES
Voluntary income
Courses & retreats
Accommodation income
6,304
107,960
11,443
14,492
15,748
109,345
10,039
14,010
Gift shop
TOTAL INCOMING RESOURCES
140,199
149,142
EXPENDITURE ON CHARITABLE ACTIVITIES
Sponsorship
Courses & Retreats
Accommodation and Administrative expense
Gift shop
24,222
38,515
58,393
6,787
18,440
40,242
82,441
8,892
TOTAL RESOURCES EXPENDED
127,917
150,015
Surplus/(Deficit) for the year
12,282
(873)
Reconciliation of Funds
Net Outgoing Resources
Funds Brought Forward 01.01.24
12,282
1,007,775
(873)
1,008,648
Funds Carried Forward 31.12.24
1,020,057
1,007,775
All funds shown above are fully unrestricted. The statement of financial activities includes all gains and losses
recognised in the year. All incoming resources and resources expended derive from continuing activities.
The notes on pages 10- 13 form part of these accounts.

KADAMPA MEDITATION CENTRE LONDON
(COMPANY LIMITED BY GUARANTEE)
BALANCE SHEET AS AT DECEMBER 31￿ 2024
2024
2024
2023
2023
Note
FIXED ASSETS
Tangible Assets
766,161
767,090
NON CURRENT ASSETS
Loans Receivable
250,000
250,000
CURRENT ASSETS
Stock
Debtors
Cash at Bank and in hand
9,424
761
20,362
9,043
1,624
14,801
30,547
25,468
CREDITORS: Amounts
falling due within one year
26,651
34,783
NET CURRENT ASSErs
3,896
(9,315)
NET ASSETS
1,020,057
1,007,775
Funds of the Charity
Unrestricted Income Funds
1,020,057
1,007,775
TOTAL FUNDS
1,020,057
1,007,775
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small
companies, regime, Part 15 of the companies Act 2006. For the year ending 31 December 2024 the charity was
entitled to exemption from audit under Section 477 of the Companies Act 2006.
The notes on pages 10- 13 form part of these accounts.
Trustees, responsibilities:
The members have not required the charity to obtain an audit of its accounts for the year in question in accordance
with Section 476 of the Companies Act 2006. The trustees acknowledge their responsibilities for ensuring that the
Company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
preparing accounts which give a true and fair view of the state of affairs of the company as at the end of the financial
year in accordance with the requirements of Section 394 and 395 and which otherwise comply with the
requirements of the 2006 Act relating to accounts, so far as applicable to the Company.
These financial statements were approved by members of the committee on .......
1.4.1.1.1.2s
And are signed on their behalf by....
.Director

KADAMPA MEDITATION CENTRE LONDON
NOTES ON FINANCIAL STAMENTS
FOR THE YEAR ENDED 3111 DECEMBER 2024
l Accounting Policies
(a) Accounting Basis and Standards
The financial statements have been prepared under the historical cost convention and in accordance with the
Accounting and Reporting by Charities: Statements of Recommended Practice applicable to charities preparing
accounts in accordance with the Financial Reporting Standard (FRS102) (effective l January 2015) (Charities SORP
(FRS102)) and the Companies Act 2006.
(b) Going Concern
Given the continuing level of support from its members who donate on a regular basis and the number of increased
classes and courses scheduled for the forthcoming year, the Trustees consider that the charity has adequate
resources to continue in operational existence for the foreseeable future. Accordingly, the financial statements have
been prepared on a going concern basis.
(c) Incoming Resources
Voluntary income including donations, gifts and legacies that provide core funding are of a general nature and are
recognised where there is entitlement, certainty of receipt and the amount can be measured with sufficient
reliability. Such income is only deferred when:
The donor specifies that the grant or donation must only be used in future accounting periods, or
The donor has imposed conditions which must be met before the charity has unconditional entitlement.
Income from commercial trading activities is recognised as earned (as and when the goods / services are provided).
(d) Resources Expended
Expenditure is recognised when a liability is incurred. Contractual arrangements are recognised as the goods or
services are supplied. Costs of generating funds are those costs incurred in attracting voluntary income and those
incurred in trading activities that raise funds.
Charitable activities include courses and retreats, accommodation and a book / gift shop and include both the direct
costs and support costs relating to these activities.
Governance costs include those incurred in the governance of the charity and its assets and are primarily associated
with constitutional and statutory requirements.
Support costs include central functions and have been allocated to activity cost categories on a basis consistent with
the use of resources.
(e) Irrecoverable VAT
All resources expended are classified under activity headings that aggregate all costs related to the category.
Irrecoverable VAT is charged against the category or resources expended for which it was incurred.
10

KADAMPA MEDITATION CENTRE LONDON
(COMPANY LIMITED BY GUARANTEE)
NOTES ON FINANCIAL STATEMENTS (continued)
FOR THE YEAR ENDED 31rt DECEMBER 2024
(f) Fund Accountlng
Funds held by the charity are all Unrestricted General Funds: these can be used in accordance with the charitable
objects at the discretion of the trustees, or Restricted Funds- which may only be used for particular restricted
purposes within the objects of the charity.
(g) Debtors
Trade and other debtors are recognised at the settlement amount due after any discount offered. Prepayments are
valued at the amount prepaid net of any trade discounts due.
(h) Creditors
Creditors and provisions are recognised where the charity has present obligation resulting from a past event that will
probably result in the transfer of funds to a third party and the amount can be measured or estimated reliably.
(i) Cash Flow Statement
The trustees have taken advantage of the exemption in Financial Reporting Standard No.1 (revised) from including a
cash flow statement in the financial statements on the grounds that the charity is considered small for reporting
purposes.
ti) Fixed Assets
All fixed assets are initially recorded at cost.
(k) Depreciation
epreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful
economic life of that asset as follows;
reehold Property
Fixtures, Fittings & Equipment
not provided
IOYO Straight line
(l) Stocks
Stocks are valued at the lower of cost or net realisable value, after making due allowance for obsolete items.
2 Sponsorship Costs
KMC London has four full time sponsored people- Resident Teacher, Administration Director, Education Programme
Co-ordinator and one Temple Manager in Kensington. In addition, an Assistant EPC was also sponsored for about 6
months during the year. They are paid a stipend and food allowance. They receive, as a non-cash benefit,
accommodation, utilities and membership of KMC London.
11

KADAMPA MEDITATION CENTRE LONDON
(COMPANY LIMITED BY GUARANTEE)
NOTES ON FINANCIAL STATEMENTS (continued)
FOR THE YEAR ENDED 31st DECEMBER 2024
3. Tangible Fixed Assets
Freehold
Property
Property
Improvements
Fixtures &
Fittings
Total
Cost
As at lli January 2024
Disposals
Additions
As at 31n December 2024
750,000
12,909
23,167
786,076
750,000
12,909
23,167
786,076
Depreciation
As at'l,, January 2024
Disposals
Charge for the Period
As at 31M December 2024
18,986
18,986
929
19,915
929
19,915
Net book value at 31.
December 2024
750,000
12,909
3,252
766,161
4. Loan receivable
During 2021, a loan of £250,000 (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 of
the loan are on demand, and it is without interest and the loan remains repayable.
5. Stocks
2024
2023
Stocks of books and Statues
9,424
9,043
6. Debtors & Prepayments
2024
2023
Prepayments
761
761
1,624
1,624
7.Creditors: Amounts falling due within one year
2024
2023
Other creditors
Accruals
Bounce Back Government loan
3,086
23,565
26,551
3,283
31,500
34,783
12

KADAMPA MEDITATION CENTRE LONDON
NOTES ON FINANCIAL STATEMENTS (continued)
FOR THE YEAR ENDED 31st DECEMBER 2024
Total
2024
Total
2023
8. EXPENDITURE BREAKDOWN
Sponsorship
24,222
18,440
Courses & retreats
Meditation room costs
GP venues and related
Advertising and publicity
Travel expense
Total courses & retreats
4,110
7,188
21,618
5,599
38,515
5,161
14,877
13,463
6,741
40,242
Accommodation and Administrative
Centre rates and utilities
Building and maintenance
Household and garden
Provision for depreciation
Insurance
Administrative costs
Donations
Professional fees
Bank charges
Interest payable
Total Accommodation &
Administrative
24,103
5,453
6,658
929
2,830
4,258
9,702
778
2,991
691
58,393
35,282
10,513
8,363
929
2,777
4,731
15,243
915
2,803
885
82,441
Gift Shop
6,787
8,892
Total
127,917
150,015
13