Heart Jewel Kadampa Buddhist Centre (A company limited by guarantee) Report and Unaudlted Financial Statements For the Year Ended 31 D•cèmb8r 2024 Registered Charity number 1124913 Registered Company number 06485934
Heart Jewel Kadampa Buddhist Centre (A company limited by guarantee} Registered Charity number: 1124913 Report and Flnanclal Statements For the Year Ended 31 December 2024 Pages 3to6 Trustees, report Independent Examinerfs Report Statement of Financial Activities Balance Sh*t Notes forming part of the financial statements 10t016 Pay2
Hgart Jèwel Kadampa Buddhist Centre IA Company Limtted by Guarantee) TRUSTEES. REPORT- FOR THE YEAR ENDED 31 DECEMBER 2024 The truslees present their annual report together wth the financial slatements of the )ryany for Ihe year l January 2024 to 31 December 2024. The TTuslees conflrm that th2 Annual Repori aTrJ financial stalernents of the company COM %Mth the current slalulory requirements. the requirements of the cwipanls goveming dDcument and the Statement of Recommended Pradlce ISORPI, applicable ID tharities prepaiiny Iheir accounts in accordance wth Ihe FinancAal RepDr.ng Slandard applicable in ihe UK and Rewbllc of Ireland {FRS 1021 leffective 1 January 20151. Thi5 repotl has been wepared in accordance the promsions applicable lo cornpanie5 enlded to the small companles. exemption. Objectives and Athltle8 The aim$ ol the chartty are to help people. both Buddhist and non-Buddhist. galn greater happin8SS. Peace of rnind and darity in IIEir daily lives.11 aims io make the leaching5 of meditalmjn aThJ Buddhism avaikble In an acSSIbl• and practical formal, promoti inner outer peace. The Centre specffically promote5 the teachiThJ5 of the Bud(Jha through the Kadarrb lineage. ¥Jnder the gdanett of Venerabl8 Geshe Kelsang Gya150 and New Kad8mpa Tradition- Irttèmational Kadampa Buddhisrn Union. M 13 linked bythis tra(lition of Buddhism and our Spiritual Guide to rTWW Kadampa 8uddhig1 Centres throughout the d. bLrt it is finanaally indeperyknt from Ihese. As ststed in our Memorandum and Arbdes ol Assoc4ation the objeds of Ihe Charity are lo promot& thÉ Buddhlsl failh undw the spiritual guidance of the elected General splbJaI DireLor of tr NEW Kadarnpa Trad110ntemation Kadarnpa Buddhist Uruon INiff4KBU}. principally through the ath"vrffes of teaching, study. practice and the observance of moral discipline all thin IhE Mahayana Buddhrst Tradition ofAlisha and Je T80nakh8pa as tauohl by Venerable Geshe Kelsarwj Gyatso the founder of Ihe NKT-IKBU. The Charity aims lo promde tranquifity and spiiiiual teach5 to enable Stud10 leam to meditate. study and pradca as Sel out in the objecves. Achhv•mants and Performance Heart Jewel 15 a re51denlial Kadarry Buddhist Centre. sel up 2008, arKI located i) Mauock Batll The Centre is a regist8red charity, r. 1124913, a IV)rr0ffl rdigious organisalton establlshèd. orgwmsed. and op¢raled for religious purposes.11 is home lo three residents and the Centre's leather. The Centre predominxntly 8erve8 Ihe people of the North East Dertryshite l Oetiryshlip Dalps Ihmbor valw area, bui also attracts people from lurther afidd for day courses and help3 biSIto to Derbysre rnainlaln thelr meditation pradr£. Meditation dasses Medllauon dasses ar8 avallable kn bwnners noTrBuddhlsts. thrw to thanced dass8s meditations for more experienced practiboners. Everyone is elcome. Teachings are ntre on developing compassion and wlsdom to solve our problems and make progress to greater hInesS and elbeing Itwh med1th"o and leac*ings. training our mind to be more peaceful and stress free. The Heart Jev1 Centre ha5 a qualffi8d wident teather. a Kadampa BuddhIstnl leaches ofdas8es gnd pro¥Ades support and guidance to those altendirnj Centre. The Gen8ral Program Heart j( Centre runs &k[Y dropin medrtalI d8sses Tuesdayto salwaY. Classes are held at Ihe Centre ar at 'branch85' throughout the surroundwyj area 17n Chesterfield and mseld). The Foundatlon Program Thls sludy program is run on Thursday evening$ ¥#J Is available for people vtho (xn commit to a longer4emi program of stLvJy and prath'ce. It is also availae by correspor¥1en. The progran include3 disojssion dasses to help people deepen th8lr pradcal understsThling. Pag• 3
HeartU61 Kadampa Buddltst Centse (A comp Lirnited ty Guarant88) TRUSTEES. REPORT- FOR THE YEAR ENDED 31 DECEMBER 2024 continued Day ¢our5es and retreats The Cenlre runs regular nwdttation courses and retrEats throUw Ihe . These are held mainty at the Centre bul also al vanues in tONWS acfoss Ihe region and other resldential Kadpa Centres nthe UK olher events and actlvitles indude publictslks, Msit5 to local communty group$ and daity prayws. Cownmunity and furhdralslng events The Centre is open lo Msits from 5¢hools and olher loca C{mrThfy grw. MOTE and more people e accessirvJ our courses on how lo use medltatlon lo ovwcome slress and ari. Review ol aclivilie5 and fthurn plan$ At Heart Jev•EI Centre in 2024 tft) gerwal das5es Yme held weekty as as half¢Jay cwrses. and the more in depth foundation programme dasses. retreats and praTS. The nurrth of altendees rA)ntinued to rise. Cheslerfeld branch classe$ continued vAth good attend8n¢e. Through lundraising and sizeable donations vRre Jle lo completethe rwa•. puitirwJ u$ In a more benefiual situation lo pursue the acquisition of a bigger propety. We contlnue lo look at options for suth r0¢allon. N%ilh the lo fjnd somevtsre a bigger medlfallon room. more residenual room5 for people to stay, ljoth on long and short temi basis ftr retreaL and to be aiAe lo have a spa¢e easlly accessIe, enjoyable and benèfiual for all. Flnanclal positiun Duri the year ended 31 D0mber 2024. the thaiity 3hLryEd a not of£36,000 {2023- £8.IX11) as a resu of an Increase in donaJons re1¥ed. Total charity frwKls have Increased lo £3D2.29212023- £266.292). Re$•rvas pDIIGy The Imstees considei that a levd of fr88 reserves ShoLd be retained in liquid funds equsvalènt to cover six months overhead expendilwe to malntain 1he b85ic opera1ions of thè charity and prowde $(me sUty against adverse finanrAal evenfs. Inv•strngnt poll¢y The tsvstees considw that mrimal risk should be taken regardi InVestMer and consequeTty have a policy to Fla funds on deposil only, to eam knterest. struGtur•¥ Gov•manc• •nd Mana9om•nl Governing Documenl Thè Charity is conslttuled as a company INnited by warante& under the Compwles Acl govemed by its Mernorandum and Artides of Assoualion. 11 is also a registered charity. In Ihe evenl Of1nding up eath member wantaes to pay a maxlmum of£10 lowaS the pay of Credi1L5. TAee Recruknnt and TTrining Tnjslees arè racrulied fom the Centre or I 5imil8r rtreS so thal they have knedge 8TrJ under8taThJlng of the Charity3 aim$ and [king5. Esd) tnjslee 15 guided by ihe ent trustees and other rnEmbers of the organisation prlnrip8lly the Resident Teather gnd can obtain advi from other tswstees and members of other Cenlre5 follovding Ihe sarne aims and oblects as ourselves.
Heart J•wo1 Kadampa Buddhisl Centrn {A Company Limrted by GuaraTrtee) TRUSTEE8' REPORT- FOR THE YEAR ENDED 31 DECEMBER 2024 ¢C•ntlnugd Rèlalod partie5 and CO•0ratIoN wtth other oryanlsatlons The Charity is a member of the NewKadampa Tradition- Inlemalional Kadampa Buddhist Union INKf- IKBC) %fvhich is ma(Je up of rnany centres throughout the wth Ihe same objects. They are however all iNlependenl tharmes Ilnked bythelr objects and fhere is no financial dependency betAw them allhoLuh o¢i0nalty fund5 may pas5 befvRen centres lo lulfil alms and Obltes. TTUStees' responslbllitiès statemenl The frustees (who ar8 also the diredor5 for the purp05e3 of Corrpany Law) are responsible for preparing th8 Trustee5' report and financAal sl3leffnts in acrdanCe applicable law and United ngdoM Accounting Standard5 (United Kingdom Generally Apted Accounting Pradb2). Company law rUireS the Trustees to Ppare fmancial statements for eath financial year. Undér Company Law. the Trustees must not approv8 the finanaal statements unless they are satisfd thal they give a true and fair view of the state of affairs ol the charitable company, and of the incoming resour$ and application of resources. including the Income and expenditure, of the charitable cOranYfOr that period. In preparkng these financial statemènts. the trustees are required lo.. seled Suitab accounting policies and then apply them consislenty. ObSee the methods and principlès in the Charities SORP; mak8 judgements and estimates that a aSonable and prudent.. prepare the financial stateffnts on the going concern ba$1$ unless * 15 in3ropriate lo presume that the charlty will continue lo operate. The trustees are te5ponsible foT keeping proper accounting records which disdose with reasonable accufacy al any time the financial po5ibon of the charitable company and to enab them to ensure that the finanual statements compty with the Companies A¢X 2006. They are also responsible for safeguarding the assets of the charitab company and hence fortaking reasonable steps for Ihe preventitin and detedion of fraud and other irregularilies. In accordance with cotrY4iuny law, as the compan$ diyvctors. ¢•rtsfy thatr. as far as we a aware, there is no [•vant InformatK>n of bthich the compan5 independent examiner is unaware.. and as the directors of the company we have taken an IhE skp5 that we ought to have taken in order to make ourselves aware ol any rekvant infomiation and to establish that the chartys Independent examiner is aware of that infomialion. Reference and adminlstratlve details Registered company number 6485934 Registerod charlty number 1124913 RwlJt8r•d offi¢• Gl8nholm8 Holme Road Matlock Bath DE4 3NU Trustees T Oliwer-Wa15h (appointed 16 February 2024) R BrLEnt (appointed 16 February 2024) C Bannister (appointed 16 February 2024) Pag• fj
HeartJefv Kidampa Buddhlst (A Cornpany Lkn1 ty ¢arantee> TRUSTEES, REPORT- FOR THE YEAR ENDED 31 DECEMBER 2024 conllnwl Company 5eGretsry K Chesters lappolnted 20 January 2025) B Griffilhs Iresign8d 20 January 2025) Indp8ndgnt examiner Ruth Howie CA 134 Hilton Avenue Aberdeen AB24 4LL This r8portwas approved bythe Trustees, on 16 August 2025 and signed on th8ir behalf by.. stee Pag& 6
HeartJewel Kadampa Buddhist Centre IA Company Limiled by Guarantee> INDEPENDENT EXAMINER'S REPORT FOR THE YE4R ENDED 31 DECEMBER 2024 Ind•pond•nt Examinerfs Report to the Tnt#0$ of Hwl Jowèl Kadampa Buddhist Cantr• l Tepom on Ihe finanaal statements of Ihe cornpany for Ihe ye¥ ended 31 Dember 2024. 7hthich are set out on pages 8 to 16. Resp¢nslbltitl•s and basls of report As the charitys trustees of the Company land aso its directors for the Pu0$e5 of coryany law> you are responslble for the preparation of the accounts in a(ZO[dae vAlh the iequlrernents of th& ConN)anles Ad 20(*. Hawng satisfied myself that the accounts of the Company are IM)t wuired lo be audlted under Part 16 01 Ihe 2006 Act and are eligible for independent examlnatson. I rel In respect of my examination of your tharivs accounts as carried out Urer Secbon 145 01 the Chanties Act 2011 Ilhè 2011 Acl?. In carrying out my examination I have loll0d Ihe Directions qlven bythe Charily Com3310n er Sectton 145(5) Ib) of Iha 2011 Act. Independgnt examlnees Statsmont I have completed my examinallon. I conffin that no mailw8 have come to my altent4)n in connection with the examlnatlon giving me cause lo believe.. untFng records were not kèpt in respeoi of the Conwany as ruIred by Sedion 386 of the 2(J)6 Act or the accounts do not accord with those record$." or the accounis do not comptry1h the aceounting requirements of Seclion 396 of Ihe 2006 Act other than ary requlrem8nt that the accounts ve a true and fair viewvthich is nol a matter cfjnslllered as patl of an independent examirtat'on: or the accounts have nol been prepared in accordance wih the methods and prinap]8s of the StslÈmenl of Remmellded Practlce for afxounting and reporbny by tharities Iwlicabk to charities Preparing Iheir accounts In accordance wih the Finanual ReporlirwJ StsrKtard applicable in the UK and Reput1¢ of Ireland {FRS 10211. I have no concems and have come au055 no other matters in connactÈon vath the eninatiOn to Y+hich attenlion sho be dravm in thls rwrt In order fo gnablè a proper derStar1d1 of Ihe aceA)unts to be reached. Signed.. 4YJ Ruth H1xO C4 Abgrde•n. on 16 August 2025 Pagg 7
Heart Jewel Kadampa Buddhist Centro (A Company Limited by Guaranle8) Statement of Flnancial Activities (includlng Income and Expenditure Accountl for the Year ended 31 December 2024 Unrestrictsd Funds 2024 Restricted Funds 2024 Total Funds 2024 Total Funds 2023 Notes Income: Donations and legactes Income frorn charitsble activiknes Oth8r trading activities Inveslment income Total income 13.116 24.270 37.386 2,302 41,325 845 20 SS,306 41.325 38,412 845 20 79.576 997 30 41.741 24,270 Raising funds Charitable activities Total •xpendituro 422 41,114 41 536 422 43.154 43.576 147 33,593 2,040 Net incomel(oxpenditurp) Gain5 On revaluation of fixed assets Transfers beeen funds Net movement In funds for the year Reconcilladon of funds: Total funds brought forward 13.770 22.230 8.001 130,050 21 22,230 {22,230) 21 36,000 36,000 138.051 266.292 266,292 128.241 Total funds carrlod forward 20 302.292 302,292 266,292 Statemont of totsl recognlsed gains and losses The statement of ffinancial actimties indudes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. The noles on pages 10 to 16 fom) part of these accounts Page 8
Heart Je1 Kadampa Buddhist Contr• {A Company Limited by Guaraee> Balanee Sh¢¢t at 31 09Mb 2024 2023 ftsnds lunds Fixod A88et8: TangllXÈ a$sets- Prokyty Tangle assets- Equlpmenl TotalJY¥edassets Gurrent assets: Stoc 15 294.000 300,000 1.051 15 294.841 301.051 16 1,366 28.245 Cash at and in hand Total¢urr4nra55•ts 17,S30 27.611 1 B,458 Credit¢rs'. Arnunts faling (hje wjthin cfie Bank Otherereditm and acauals Totsl ClIabIlItieS Netcurr¢ntass•ts rol•l euYr•MWabMhi CredrfLYS: ArnwJJnts fallng rlue after mtyetha ono year Bank loo 17 17 6,6EO 1.CO0 6.680 20,951 315,7¥2 14,398 315.449 18 45,657 3.500 18 13.sf Totallono t•mi IlabUftI•s Totaln•t assets 13.5tKI 3Q2292 49.1S7 26Q292 Th•lund& of the Gharlty: UrWe5tCfrd funds RevaluatioTh r88ervp 172242 130.050 198.242 130,050 Totaltfiarity funds fall unrestricted) 21 302392 2ÉU92 The (xJmpany'5 finanual statements have been waparad in accordance wilh the F10n9 appllcth to comp8nle$ subject to the smail cornpanies reglme. The trn51ees consider that Ihe company Is to wmpln from the reement to have an aud under th$ provisions ol $e¢tton 477 of the Companies Act 2006 Ilhe Act) and Mem1$ have not requlred the wmpany to Dbtain an audil for the yèar in question in accordance with section 476 ofthe Ar Th8 Trustees acthowledye their responslbHrties fv comp"ng wilh Ihe requirennts of Ihe Companies Acl 2006 wllh Spetl to accounlng records and thè prEparation of ffinan¢ial statem?nts. Tha financiol $tstements W¢ appy9ta & aulhori%ed for i56ue by the kn8lee8 on 16 Auaust 2025, and slaned on Iheir behalf ty. ru The notes on pagès 10 to 18 fomi part of these aceoLW Pa8e 9
Heart Jewel Kadmpa Buddhlst Centre {A Company Limited by Guaranle8> Notes fomiing part of tho Flnancial Ststements for the ar •nded 31 Do¢ember 2024 1. General informallon The charty is a public benefft entity and a PTivate company Imnited by guarantee, registered in England and Wales and a registered eharity in England and Wales. The address of the registered office is Glenholme. Holm8 Road, maOck Bath, Matlock. DE4 3NU. 2Accounting Policies The prinThpal acwunting polici8s adopted, judgements and key source5 of estimation uncertainty in the preparation of the financial ststements are as folows.. a) Basis of preparation The financial statements have been prepared in accordance with Accounting and Reporting by Charities.. Statement of Recornmended Practic8 applicable to charibes preparing their accounts in accordance with the Charities SORP IFRS 1021, the Financial Reporting Standard appIlble in the UK and Republit of Ireland IFRS 1021 (effective 1 January 2015} and Ihe Companies Act 2[%. Assets and liabilitses are initraly recognised at hsstorical cost or transaction value unlèss otherwise stated in the relevant accounting policy note{sl. The finaThal statements are prepared in sterling. which is the funCnal currency of the entity. The pr8paration of the financial ststements reqirrires management to make judgements. estimates and assumptions that affect the amounts reported. These estimates and judgem8nts are continually reviewed and are based on experience and 0th8r factors. including expectation5 of fuiure events that are believed to be reasonable under the ircumslances. bl Going concern basis The trustees are satisffied that thè accounts are Frepared on a going concern basis. with no material uncerlainties about the charivs ability trj continue. c) In¢omlng rnsources All incoming resour$ are included in the statement of financial activities when entitlemfrrrt has passed to the charity", it probablè that the economic beneffts associated wtth the transaclion will flow to Ihe charity and the amount can be reliabty measured. The followng specific policies are apF4ied to particular cat8gori6s of income: • income from donation$ or grants is recognized when Ih8ra is 8vidence of entitlement to the gift, receipl is probable. and its amount can be measured reliably. . legacy income is recognized when receipt is probable. and entitlernent 15 estabh'shed. • incom6 from donated good5 is measured at the fair value of th8 goods unless this is impra¢ttcal to measure reliably, in which case the value is derived from the cost to the donor or estimated resale value. Donated facilities and services are recogniz8d in the accounts when r1Ved iflhe value can be relialAy measuréd. No amounts are included for the contributton of general volunteers. . income from contracts for the supply of services is recognized with the delivery of the contractod service. Thk8 i¥ dassified as unrestricted funds unS there is a contractual requirement for rt to b• Snt on a particular purpose and returned rf unsp8nt. in which casg it may be regarded as restricted. Page 10
Heart Jewel Kadampa Buddhist Centre IA Company Limited by Guarantee) Notes to Flnancial Statoments for the yèarended 31 D•e8mbor 2024 conlinugd d> Resources expended Expendrture is recognised once there is a legal or Constructive oblNJation to transfer economic benefft to a third party, il is probabEe that a transfer of economic benefits wll be required in the s8tt18ment and the amount of the obligation an be measured reliably. All income and 8xpen(*ture are accounted for gross. that 15 Wtthout netting off. Costs are recognized as they aro incurred that is on an acuuals ba515 and are allocated to the type of income lo which they relate and are apportioned on a reasonable basis if required dependNig on the typé of èypensé. e) Tangible fixed assets Tangiblè assets are initially recorded at cos( and subsequently $tatsd at cost $$ accmlated depr8ciation and impaimenl105ses. Any tangible assets carried at revalu8d amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreeAation arKI subsequent xcumulated iry1aient losses. Depre¢iats'on is calculated to write off thg cost or valuation of an a5seL le5¥ its residual value, over the useful economic lrfe of that a558L Residual value 15 based on the sales price which could currenlly be oblained on the open market. less estimated selling Costs. DeprerAation r8tes used are as follows: Propety- 2Vo Straight line Motor VehieS- 20Vo reducing balance Slocks Stocks Arè valued at the lower of cost and net realisable value. after making due allowance for obsokle and s1(Iw moving items. g} Government granls Government grants are recognised at the fair volue of the asset received or receivable. Grants are not reco9nised until there is reasonablé assuran that the charity will comply with the conditions attaching to them and the gran15 will be received. Where the 9r8nt does not irnpose specified future perfomiance4elated conditions on th8 recipien( it is recognised in income when the grant proceeds are receiv or r8ce1vab. Where the grant does impose specrfied futtjre performancevrelat8d condttsons Ihe recipien( it is recognised in income only whon ihe performan¢e-related condiknons have b8en met Where grants received are prior to satisfying the revenue recognilv)n criteria, they are recognised as a liability- Page 11
Heart Jaw•l Kadampa Buddhi8t Centr• {A Company Limited by Guarantee) Notsg to Finan¢lal Statements forthe year ended 31 D•cember 2024 ¢ontinued h) Flnanclal in$tvuments A financial assal or a financbal liabilty is recognised only when the charity becomes a party to the contractual provisions of the instrumenL The charrty only has finan21 assets and finanaal liabilities of a kind that qualfy a5 basic financial instrum8nts. easic financial instruments are initially recognised at transaction value. and subsequently rneasured at their seiU8mant value with the exception of bank loans which are subsèquenlly measured at amortised cost Using the effective interesl m8thod. Current assets and current liabilities are subsequendy measured al the cash or other consideration expected to be paid or rec8ived and nol discounted. il Taxation The ¢harity is exempt from corporation tax on ris charitaJl8 activities. j} Fund ac¢ounllng General funds are unrastricted funds 1¢h a available for use at the discTetion of thé Trustees in furtherance of the general objectives of the company and which have not been designated for othey purposes. Designated funds are unrestricteu fvnds of tharity whiGh the Irusle83 have declded at thelr di¥Grefjgn to set aalde to use or a specific purpose. Restricted funds arè funds that have been donated or raised for a specific purpo$8 imposed by the donor or the way the funds have been raised. Thas8 funds must be expended in accordance with the restriction whan raiséd. Investment incoma. gains and losses are allocated to the appropriate fund. Page 12
Heart Jewel Kadampa Buddhlst Cenlre {A C¢Jmpany Limited by Guarantee) Notes to Financlal Statements for Ihe year endad 31 December 2024 contlnued 3. Ineome from donations and legacies Unrestricted 2024 Restricted 2024 2024 Total 2Q23 Totsl General donations Gift aid 11.504 24.270 35.774 1.612 2,302 13,116 24.270 37,386 2,302 4. Income from ¢harilable activltles Unrestricted 2024 Restncted 2024 2024 Total 2023 Total Memberships Day courses, events. retreats Rental income 15,669 7.861 17.795 15.669 7.861 17.795 16.810 6.021 15.581 41.32S 5. Income from other trading a¢tfvltles Unreslricted 2024 Restricte(I 2024 2024 Tolal 2023 Tot Dharma shop income Fundraising events 774 71 774 71 713 997 6. Inveslment Income Unrestricted 2024 Restricted 2024 2024 Total 2023 Total Bank interest recwv8d 20 20 30 7. Costs of other trading activitse3 Unrestricted 2024 Restricted 2024 2024 Total 2023 Total Shop costs 422 422 147 8. Net incomlng resourcos for the year This is stated after charging= Unrestric18d 21r24 Restricted 2024 2024 Total 2023 Total Depreciation Loan interest 210 210 2449 263 4.742 2.659 5,005 Page 13
Heart Jewel Kadampa Buddhlst Contre (A Company Limited by Guawtee) Notss Financial Stslements for tha y8ar ended 31 D•¢ember 2024 continued 9. Expenditure of charttable resourcos by fund type Unrestsicièd RestriLled 2024 2024 Totsl 2024 Totsl 2023 Charitable actwities Support costs 37.852 3.884 37,652 5,924 27,998 5,742 41.536 2,040 10. Expondtture af charftable resources lry activtty type Activities Undertaken Directy Suppert Costs Total funds Total funds 2024 2023 Chariiable actNilies Governance costs 37.652 5.911 13 43.563 13 33,740 31,847 5.924 43,576 33,740 11. Ana15 of support costs unslLed Restrirtsd 2024 2024 Total 2024 Total 2023 Gelleral office Flnanc• costs Prof8ssional fees Support costs- Teachers support 13 2.449 580 13 2,449 2,620 18 4,742 2,040 982 3.884 5.924 12. Independent examination fees UnstrI(ed 2024 Total 2024 Unre8tricXed 2023 T¢)tal 2023 Independent èxamination fe88 13. Trustee remumrallon and expenses During the year. no TN5tees r8c8ived ary reTrvJneratK)n12023- £NIL). During tha year, no Trusleas receNed any reimbursernent of expenses (2023 - £NILI. 14. Staff Costs The average number of staff, of PeOnS employed by the charty during the year was 1 {2023- 1). No employee r1Ved remuneralion amounting ts> mor8 than £60.000 in either 2024 or the prior year. Pag• 14
Heart Jewel Kadampa Buddhist Cent IA C¢mpany Limiled by Guarnntee) Notss to Financlal Ststsments for the year endèd 31 December 2024 contlnued 15. Tangiblo Flxgd Assets Lar aThJ Buikjings Equipftwt Total Cost or valuallon: C05Vvaluation as al 1 January 2024 Additi'ons 300.000 4.060 304.060 Cost as al 31 Decen*>er 2024 Accumulated Depreciation as at 1 January 2024 Dépreciation for the year 3,009 210 3,OD9 6.210 6.000 Accumulatèd Depreciation as at 31 December 2024 6.000 3,219 9.219 NBV at 31 December 2024 294,000 294,841 N8V at 31 December 2023 300.000 1.051 301,051 The property was valuèd indtrpendenty by Fidler Taylor in 4oril 2024 at a market value of £300.000. If the bu11n9 had not been revalued. the carrying value would be the historical ¢ost Df £142.550. 16. Stocks 2024 2023 Shop stoi 928 17. Creditors Amounts falling due within one year 2024 2023 Bank loans Deferred income Accommodation deposi 3,000 6,160 500 1060 6,660 4.060 18. Creditor5" Amounts falling dug aftor more than one yoar 2024 2023 Bank loans Other loan5 45.657 3.500 13.500 13,500 19. Secured loan 2024 2023 Amounts r8payable by instalments: Wthin one year Inole 151 Wthin one and two years (noie 161 Within ts¥o and five y&ars Inole 16> After more than five years (note 16) 3,000 3,000 9.000 33.657 Th8 toan was s8cured on the property Glenhokne. Hokne Road. Matlock Bath and wa5 fully paid off during the year. Page 15
HeartJewel Kadampa Buddhlst Cents {A Conpany Limited by Guarantee> Nots$ to Financlal Statements forthe year énded 31 D•c8rnbor 2024 continued 20. Anatysls of ngt ass•ts botwegn lunds General Restricled Total ffijnds fur$ funds 2024 TDt31 funds 2023 (all g•n8ral) Fixed assets - property and equlpm8nl Current assets Current liabiif(ies Long- te liabililies 294,841 27.611 (6.660> 13.5C)O 294.841 27.611 (6.660) 13.500 301,051 18.458 14.060) Net as$•ts 302.292 266 292 21. M0MOnt In funds At1Jan 2024 Net nveMent in funds Transfers betseen fund$ At 31 Dec 2024 Restrlcted Funds Unrestrlcted Funds: General lunds D88ignaled fvjnds Total unrestri¢tsd fvnds 266.292 13.7TO 22.230 302,292 266,292 13.770 22.230 302.292 Totsl Funds 266.292 36,000 302,292 AtlJan 2023 Transfe betseen fund5 moveryEnt in funds At 31 Dec 2023 RestrlGtfjd Funds Unrgstrlcted Funds: General funds Designated funds Total unrestricted funds 128,241 171,791 33.740 266.292 128.241 171,791 33,740 266,292 T*)tsl Funds 128.241 171.791 33.740 266.292 Purpose of General funds Thts fund is made up of donations forthe pUOSe of using n relation to the general objects cl the charity. Purpose of Designated funds: No funds were designated in the year ended 31 December 2024 or the FrfEViOU$ year. Pun)ose of Restricted lunds: Rèstridad funds relate to donations received to cover pawnent of Specyfic expenses and repayment of the bank loan. Pagè16