REGISTERED COMPANY NUMBER: 05403805 (England and Wales) REGISTERED CHARITY NUMBER: 1109242 REPORT OF THE TRUSTEES AND ULNAUDITED FINALYCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024 FOR JAMYANG BUDDHIST CENTRE LEEDS (A COMPANY LIMITED BY GUARANTEE) Harrison & Co Cliartered Accountants 531 Denby Dale Road Wesl CdldLr GrovL Wakefield Vest Yorkshire WF4 3ND
JAMYANG BUDDHIST CENTRE LEEDS CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024 Page Report of the Trustees Independent ExAMlller's Report Statement ot. Flnanclal Actlvltles Balanee Sheet Notes to the Flnanclal Statement5 7 to 13
JAMYANG BUDDHIST CENTRE LEEDS (REGISTERED NUMBER: 115403805) REPORT OF THE TRUSTEES FOR"I'HE YEAR ENDED 31 JULY 2024 The Irustees who are also directors of the cliarity for th¢ purtK)5es of the Compaiiies Act £006, present their report with the financial slalemenls of the charit! for Ihe vear ended 31 Jiily 2024. The Iruslees have adopted ilie provisions of Accounling and Reporting by C,harilie%.' StutcmLnl ot RecoinmendLd PrdLtiLL appliLdblL to Lharitie% prLparing theii- dccuunt% in aLLordanLe Wlth tlie FinanLidl Reporting Standard applicable in the UK and Republic ofTreland (FRS 1021 (effective l Jaiiuary 2019). OBJECTIVES AND ACTIVITIES The cl)arily's aiins are to promote wellbeing, Inedilaiion and public benefit in aceordance wilh Buddhist principles, and the prcscrvation of Ilic Buddhisl Mahayana tradition Iliroughoul thL north of Eiiglaiid and clsL whcrc. In order to tultill our aiiiis, we have developed a substantial set ot. oflerings io the local and wider community, including a shop and cafe. space for hire and officeb lei to Lompleinentary organisalions. We offer a wl)ole programine ofBuddhisl classes and practices and wellbeing aciivilies. Most of our Buddhisl classes and practices havc rcmaincd online and rLaLh a widc audiLnLL, across thL LK and bcyond. Wcllbcing &clLvilies havL d4)nL partiLularly well and wc have grown our partnership working with several organi5ations. We have ottered a higher level ot. communits, events tl)an previously, which benefited the local comtnunity and allowed growth for the shop and cafe; our income generating streain has therefore grown and otter.4 financial %upport to our charitdble dims %taled above, in %Dile ol" chdn¥e% in key stafl. which lidve Somewhat imrjacled on our pl4inned growlh. The charity held its AGM in October and Trustees mel tliroughoiil the year as well as on their aiinual away-day in July in which w¢ reviewed the strategic plan and finances. The fii)anLial position remains strong, and the building preSentS a hiige asset with greai potenlidl. Link% willi the Iocdl eoimmunilv und Ihe city dre developin¥ well. We are eontident Ihal we can continue to grow and develop our aciiviiies in order 10 fulfill our cliarirable aiins and becoine a well esiablished regional and naiional provider. FINANCIAL REVIEW Reserves piilley It 15 the Lurrenl puliLy ol. the Lhdrity Iv I1n11 re%erve% ¢11 d level whi¢li equate8 to dl least 3 IMunth% ot Linre8lriLted expenditure. This pi'ovides Su1¢1¢nI funds lo cover both managemeni aiid adininisiralive c051s whilst incorporating a conlingencv sum lo cover any unexpeLiecl LOs1S. This policy is ieviewed each year by both directors and Iruslees. STRUCTURE, GOVERNANCE ALYD MANAGEMEIYT Governing document The cliarity is control led by its ¥overning, docurnenl, a deed ot, Iwst, and constitutes a limited company, limited b). gFuarant¢e, as defined by the Companies Ac(2006. Further infomiation can be fouiid in the M¢nioranduAi and Articles of Association as incorporated 01) 24th March 2005. REFERENCE AND ADMINISTRATIVE DETAILS Regvlitered C¢impany number 054031105 (England and WalL%) Registered Charity number 1109242 Registered office Clyde Works Ingram Road Wc51 York511iir LSII 9RQ Page I
JAMYANG BUDDHIST CENTRE LEEDS (REGISTERED NUMBER: 115403805) REPORT OF THE TRUSTEES FOR"I'HE YEAR ENDED 31 JULY 2024 Trustees Dr M J.1 L¢¢onte Retired Mr Ll Park Lecturer Mr J SimpSUT] Huu%e Manthgcr Ms K Cooper Trustee Mr G Mcdougall Trustee Ms S E M¢tcalfe Trustee Dr C Siarkey Universitj Lecturer Mr L G Howson Ccntrc DirLLror lappoinlLd 21.11.231 (rcsignLd 3.5.24) Mr J P Websdale Oflice Manager (appointed 19.10.23) Independent Kxaminer Slierice Parfill Harrison & Qo Chartered Accountants 531 Denby Dale Road Wesl Calder fJrove WakLfield Wesl Yorkshire WF4 3ND Bankers The Co-operaiive Bank PO Box 25U Sk¢linetEdale WN8 6WT This i'eporl has been prepared in accordance witli the special provisions of Pari I S of the C.oinpanies Aci 2006 relating lo sinall Loihpanies. Approved by order of the board of trustees on 17 October 2024 and signed on ils behalf by: DI- M J J LLLontu - Tru8tLu Page 2
INDEPENDENT EXAIWINER'S REPORT TO THE TRUSTEES OF JAMYANG BUDDHIST CENTRE LEEDS Independent examiner's report to the trustees of J#myang Buddhist Centre Leeds ('the Comp#ny') I report to the charity trustees ov] my exaillination of the accounts of the Coinpany for the year ended .3 l July 2024. Re5ponsibilitie5 and bgsi5 of report As the charit} s Iruslees ol the Coinpany {aiid also ils directors for the purposes of company law) yOLi are responsible for Ilie prcpurutiun uf the acLuunt% in alLrdance with the requiremlt% uf thc Coinpunie% ALt 2006 ('thL 20U6 Act,). H&ving salisfi=d myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 ALt and are eligFibl¢ t.or independ¢iil examiiiatioii, I report iii respect of my examination of your charity's account5 a5 carried out under Section 145 of the C'harities Aci 2011 ('Ihe 201 l Act,). In carrying out my examinalion I have followed the Directions given by the C.harily Q'.ommission under ScLtion 145(51 (b) of the 201 I ALt. Independent examlner's stxtement I have completed my exdmiiialion. I contirm thal no malters have coine to my attentioii in Lonnection with the examiiiation gFiving7 Ine cause 10 belIee.. accoiinting records were not kepl in re5pecl ot. the c.ompany as reqiiired by Section 386 01. the 2006 Act. or the accounts do not acconl with thos¢ records; or the aceoiint,% do nol comply with the (ieenunlingT reqLiirement% of. Section 396 of the 2QQ6 Act other than iiny requirement tli&t tl)e acLountS gyle a rruL' and fair view whiLh is nul a nialic'r considered as part of an indL'pendent exaininarion. or the accounts have not been prepared in aLLordance with the methods and priiikniples of the Statement ()f Recon)meiided Practice for accouiiting and repoi1ing by charities (applicable to chariiies preparing> their accounts in ac¢ordanc¢ wilh th¢ Financial Reporting Standard applicable in the UK and Republic of Irelalld (FRS 102)). I have no concerns and hai.'e coine across no oiher rnaiiers in connection wilh Ihe examinaiion io which aiieniion should be drawn in this repon in order to enable a proper understanding of the accounts to be reached. Sherice Parfiti Harrison & Co Cl)arlered AccDunianls 531 Dinby DdlL Ruud WLSI Calder Grove Wakefiel(I Wesl Yorksliire WF4 3ND 17 October 2024 Page 3
JAMYANG BUDDHIST CENTRE LEEDS STATEMELNT OF FINANCIAL ACTIVITIES TrOR"I'HE YEAR ENDED 31 JULY 2024 2024 Total funds 2023 Total fiinds Unrestricted lund Restricted fund INCOME AND ENDOWMENTS FROLWI Donatloiis and legaLies 79,895 79,895 57,017 Charltable actlvltles Cwcncral 3,264 3,2tA 1¥,350 Other trading activities Inveytinent income Total 67,772 542 151473 89,885 542 151473 165436 EXPENDITURE OLN Rdisinu fund4 211,6114 28,684 21,057 Charituble thctivities General TolAI 121.002 149 686 121002 149 686 I I [4,852 1391)09 IYET ILNCOME Transfer5 between funds Net movement In funds 1,787 14.170) 112,383) 1.787 25,527 14.170 1.787 25,527 RECONCILIATION OF FUNDS Total funds brought forivard 100.478 240.085 340.563 315.036 TOTAL FUNDS CARRIED FORWARD 244 255 .34? 350 .340 16.3 The notes fonn parl of iliese finaneial statements Page 4
JAMYANG BUDDHIST CENTRE LEEDS (REGISTERED NUMBER: 115403805) BALANCE SHEET 31 JULY 2U24 2024 Total funds 2023 Total fiinds Unrestricted lund Restricted fund FIXED ASSETS Tangible assets 67,952 400,000 461,952 469,650 CURRENT ASSETS 10 10,30U 5,785 16,300 ,785 691 64.776 24,30U 6,99CI Debior5 Cash al bank 64,77(? 8O,RR4 CREDITORS Amounts fal ling due within one year (35,795) (11,16.1} (47,158) (53,860) NETCURRENT ASSETS 11 .163) TOTAL ASSETS LESS CURRELYT LIABILITLES 96.933 38)J,637 485.570 496,674 CREDITORS Ainuunts falliii¥ due atler more than one year 13 (11,11314) (134,32) (143,2211) (156,11 l) NET ASSET.S FULYDS Unrestricted tunds Reslricied fiinds TOTAL FUNDS 244 255 342 350 340 563 15 88.095 254 255 34? 350 100,478 ?40,085 340 503 Tlie charitable coillpany is eiitiiled to exeniplion trom audit under Section 477 ol. the Companie% Acl 2006 tor the year ended 31 July 2024. The tnembers have not requiied the company 10 obrain an audit of ilb financial statementb for the year ended 31 July 2024 in dccorddnce with Section 476 ot. the Coinpanies Act £OO(I. The Iruslees acknowledge their responsibilities tor (a) ensiiring that the charitable company keep5 accountiiig record5 that comply with Seciions 386 and .387 of the C:ompanies Act 2006 .Incl preparing fLnancial slalements which give a Irue and fair view of the slate of affairs of the charitable coinpany as al the end of eaLh tinancial year ai)d of 115 surplus or defiLii for each fiiianLial year in JLLordance with the requirements of SeLlions 3L)4 nd 395 aiid whicli othetivise ¢oinply witli th¢ requir¢im¢nls ol" the CoiDpMnies A¢1 2006 relalingi lo financial 8laleinenls, $0 far as appliLable to ihe charitable company. (b} The notes fonn parl of iliese finaneial statements Page 5 continued..-
JAMYANG BUDDHIST CENTRE LEEDS (REGISTERED NUMBER: 115403805) BALAIYCE SHEET- eontlnued 31 JULY 2024 These financial statements have been prepared in aLcordanLe with the provisions appliLable lo charitable cotnpanies subject tt) the small compaiiies regime. The fiiiancial slateinents were approved by tlie Board of Truslees and authorised for issue on 17 October 2024 and were signed on its behaifby.. Dr M J J Leconte - Trustee The notes fonn parl of iliese finaneial statements Page 6
JAMYANG BUDDHIST CENTRE LEEDS E40TES TO THE FINANCI.4L STATEMEINTS TrOR THE YEAR ENDED 31 JULY 2024 ACCOUNTING POLICIES Basls of preparlng the financial statements ThL finunLial %tatcmLnt% of the Lliaritdble conipuny, whiLh 1% a public benefit Lntily under FRS 102, huve becn prep£Ld in accordance with the Charilies SORP (FRS 102) 'Accounting ai)d Reporting by Charilies- Sialeinent of Recoinm¢nded Practice applicable lo charities preparing their accounis it) aLcordance with the Financial Reporting Standard applicable in the UK and Republic of Jreland {FRS 102) (etlective l Janiiary 2019}', Financial Reporting Standard 102 'The Financial Reporiing Standard applicable in the UK and Republic of Ireland, and the C,ompaiiies Aet 2006. The financial slalements IiawL bccn prLparL'd undcr thc hisloriLal Lost LollvLntion. Incorne All incoille is recogFnised in tlie Stdtemenl ot Financidl Activities once ihe charity has eiititlement lo ihe fund%, it 1% pmbable that the income will be received and the amouni can be measured reliablj. Expenditure Liabilities are recognised as ¢xpenditure as soon as there is a legal or constructive obligation comtnitting the Charity lo thal expenililiire, il li probable that a tran%fer ot econoinic benefit% will be required in %eltlemenl and Ihe dmoiint of the ohl igpiilion cali bL Ineasured reliably. Expenditure is acLuuntL.d for on an accruals basis and has been classified uiider hL'<idingTS iliai ggregate all LOSI related to the category. Where costs Lannol be direLtIy attributed to particular headings they have been allocated to aclivilies on a basis consisl¢nt with th¢ use ot resoiirc¢s. CJfdii15 offered %ubject lo condition% which have not been met dl the yedr end date are noted ¢omn)itinent but not a¢¢rued as expendiTure. Tangible fixed assets DLprccialion is provided al the following annual rates in order lo write off each asset over ils eslimaled Liseful life. Library Fixiures and fitlingy8 Computer equipinenl 5 /0 on cost I 00/0 on reducingy balance 25 /1) on reducing balance Stock$ Stocks are valued at the loiver of cost and nei realis&ble value, atler making due allowance for obsolete and slow moving iterns. Txx#tlon The chariiy is exeinpt froin corporation tax on its charitable activities. Fund iccounting Unrestricted lunds can be used in accordance willi the charilable objeciives al the discr¢iion of the Iruslees. Restricted funds can Onl be used for particular restricted purpo.ses within the objecls of Ihe charity. Restrictions arise wheii specified by the donor or when funds are raised for particular restricted purposes. Fiirilier explanAlion of the naliire and piirpose of each fiind is incliided in ihe. nole.s lo Ilie financial slaieme.nts. Hire purchase and leasing commitments Rentals paid uiider operating leases are charged to Ihe Slat¢m¢nt of FinaiiLial Activities on a slraighl line basis ov¢r the period of the leatye. Pen4ion eosts and ()ther pi)st-retirement benefits Tlie charitable company operates a detined conlTibulion pension scheme. Contributions payable to the charitable conipany's pension scheine are charged lo the Stateineni of Financial Activities in the period lo whiLh they relaie. Page 7 continued..-
JAMYANG BUDDHIST CENTRE LEEDS NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JULY 2024 OTHER TRADING ACTIVITIES 2024 2023 C&fLI, shop und rentul 9.%85 INVESTMENT INCOME 2024 2023 Deposit aLLuunl interest 542 IX4 RAISINC FUNDS Investment management costs 2024 2023 Property reps and maintenance NET INCOMEIIEXPENDITURE) Net incomel(expendilure) is stated after chargingllcrediling}: 2024 202.3 Depreciation owned assets Holy objects & other expenses 1,698 1,989 TRIISTEES, REMLINERATIOIW AND BENEFITS There were no trustees, remuneration or other benefits for the year elided 31 July 2024 noi. tor the year ended 31 ,luly 2023. Tru5tee5' expe9¢$ Th¢re wer¢ no trustees, expenses paid for the year ended 31 Julv 2024 nor tor the y'¢ar ended 31 July 2023. STAFF COSTS The ai'erabye montlily number of employees durin&1 the year was as follo,$.. 2024 2023 Support staff No employees received emoluments in excess of £OO,(100. Page 8 continued..-
JAMYANG BUDDHIST CENTRE LEEDS NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JULY 2024 COMPARA TIVES FOR THE STATEMENf OF FINANCIAL ACTIVITIES Unrestricted fund Restricted fund Totsl funds INCOME AND ENDOIVMENTS FROM Donationb and legaLies 3,000 57,017 Charltable aetlvliles GLnLr&l 111,350 1¥,350 Other trading activities Investmeiil irbcome Total 89,885 184 162 4.36 89,885 184 165436 EXPENDITURE ON Rai%ing fLind 16,926 4,131 21,057 Chariluble fyctivilies General Total 109916 126,842 I I [4,852 1391)09 LNET INCOMEI(EXPENDITURE) Tran5fer5 betHeen fund5 Net movement In funds J5,5Y4 240,152) (214,558) 110.067} 250 152 240.085 25,527 25,527 RECONCILIATION OF FUNDS Total funds brought fonvard 315.036 315.036 TOTAL FUNDS CARRIED FORWARD 100478 240 085 .340 16.3 TANGIBLE FIXED ASSETS Improveinent Freehnld pr()PLrly propeity Library COST Ai l Augiisl 2023 and I I Jlily 2024 DEPRECIATION Ai l Augusl 2021 charg for ycar Ai 31 .liily 2024 NET BOOK VALUE Ai 31 July 2024 Al 31 July 2023 400 000 1,886 2l)3 400 000 Page 9 continued..-
JAMYANG BUDDHIST CENTRE LEEDS NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JULY 2024 TANGIBLE FIXED ASSETS- continued Fixtures and fitting C.ompuler equipment COST At l AiigFusI 2093 and 31 July 2024 DEPRECIATION Ai i Aiigus12023 Charge for year Ai 31 July 2024 NET BOOK V.4LUE Ai 31 July 2024 Ai 31 July 2023 11.55Y 787 1 ?,346 4,5hY 618 5,187 19,712 467 952 469 650 10. STOCKS 2024 2023 Finished goods DEBTORS: AMOUNTS FALLTNC DUE WITHIN ONE YEAR 2024 Trade debtors 12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 20?4 ?0?3 Bank loai)S ¢ind overdrafts (see note 14) Trade creditors Other creditors AccNals and deferred income 7.740 11,660 11,363 16.393 7.740 7,147 14,703 24.270 P¥AEe l O continued..-
JAMYANG BUDDHIST CENTRE LEEDS NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JULY 2024 13. CREDITORS: AMOUNTS FALLINC DUE AFTER MORE THAN ONE YE.4R 2024 2023 Banlc Iudn% {%LL nL)tL 14) Other creditors Other Lreditors 8,838 24,652 109.730 143 2?0 17.529 .18.011 100 571 156 111 14. LOANS An analysis of the malurily of loans is given below.. 2024 2023 Ainounts falling due wiihin one year on demand: Bank loans Ainounts fal ling due between two and five years: Dank loai)s - 2-5 years 15. MUVEMELYT IIY FUNDS Nel moveinenl in fiinds Trdn8t"er between funds At 1.8.23 31.7.24 Unre%trlcted funds GLIILrdl liinLI 100.4714 1,7117 (14,1701 88,095 Restrieted I'unds Reqlricled Fund 240,085 14,17 254.255 TOTAL FUNDS 340 561 342 350 Net moveinent in t'ui)d5, iiicluded in the above are a% tollow5'. Incoming resources Rc8OLircc expended MovcmLnt in hinds Unrestricted funds General fund 151,471 (149.686) 1,787 TOTAL FUNDS 151477 149 686) P¥AEe I I continued..-
JAMYANG BUDDHIST CENTRE LEEDS NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JULY 2024 15. MOVEMENT IN FUNDS - continued Comparxtlves for movement fin funds Nel movement in funds Transfers between At 31,7.23 At l.R.22 Uiire%lri¢l¢d funds General fund 315.036 35,594 {250,152) 100.478 Restrieted funds Restritried Fund (10,067) 250,152 240,085 TOTAL FUNDS -316 036 340 563 Comparaiive nel moveineni in fuiids, included in the above are as follows.. Incoining resources Resources expended Movement in funds Unrestricted funds (Jeneral tund 162,436 (126,842) J5.5Y4 Re8trleted funds RL'%lriLILd Fuiid 3,000 (13,067) (10,067) TOTAL FUNDS 165 436 139 909) A LurrLnl yedr 12 months and priur yLdr 12 Onth5 LUTnbinLd po%ilion i.s t"olluw4.' Nel Inovenieiit in funds Trar)sfers between funds Ai -31.7.24 Ai 1.8.22 Unrestricled funds General fund 315,036 37,381 {264,-122) 811,095 Restrieted funds Restricted Fund (10,067) 264,322 254,255 TOTAL FUNDS 315 03() 342 35U P¥AEe 12 continued..-
JAMYANG BUDDHIST CENTRE LEEDS NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JULY 2024 15. MOVEMENT IN FUNDS - continued A current year 12 inonihs and prior year 12 months coinbined nel inovernenl in funds, included in the above are as follows: Tncoining resources Resources eApended Movement in funds" Unrestrlcted funds GLnLr&l fund 31.6.90Y (270,5281 37,381 Restrleted funds Restricted Fund 3,000 (13,067) ( i o,0(i7) TOTAL FUNDS 310909 2S9 595 16. RELATED PARTY DISCLOSURES There were no I'elated porty trllns&btions for the year ended 31 July 1024. Page 13
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