DULDZIN DRAGPA KADAMPA BUDDHIST
CENTRE
Charity number 1125332
Company registration number 06645102
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31st DECEMBER 2024
COMMUNITY

DULDZIN DRAGPA KADAMPA BUDDHIST CENTRE
CONTENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Page
Reference and Administrative Details
Trustees Annual Report
Independent Examination report
Statement of Financial Activities
Balance Sheet
Notes forming part of the financial statements
7-11

DULDZIN DRAGPA KADAMPA BUDDHIST CENTRE
LEGAL AND ADMINISTRATIVE INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024
Registered charity number
1125332
Registered company number
06645102
Registered Address
5A Buttercross Lane
Epping
Essex
CM16 SAA
Trustees
Mary Cansdale
Gisela Downer
lain Blake-Lawson
Company Secretary
L Raphael
Bankers
HSBC
72 High Street
Maldon
Essex
CM9 SET
Redwood Bank Ltd
The Nexus Building
Broadway
Letchworth Garden City
SG6 3TA
Independent Examiner
Community360
Winsley's House
High Street
Colchester
Essex
C01 1UG
Solicitors
Foskett Marr Gadsby & Head
181 High Street
Epping
CM164BQ

DULDZIN DRAGPA KADAMPA BUDDHIST CENTRE
TRUSTEES ANNUAL REPORT
FOR THE YEAR ENDED 31 DECEMBER 2023
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
Trustees are recruited from within the Centre or from other similar centres so that they have knowledge
and understanding of the charity's aims and workings. Two of the trustees must be members of the
charity and are elected by the members at the Annual General Meeting or by the trustees when the
need arises according to the Memorandum of Association. The third trustee, the ex officio director, is
appointed by the other directors or, in default thereof, by the members and must be a duly-appointed
Administrative Director of a major NKT-IKBU Kadampa Meditation Centre in the United Kingdom. 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 continued 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, however
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.
OBJECTIVES AND ACTIVITIES
ObJects
The objects of the charity are to promote the Buddhist faith under the spiritual guidance of the elected
Spiritual Director of the NKT-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, the founder of the NKT-IKBU through the
continuous implementation of local study programmes.
Aims and Activities
The charity aims to provide facilities to enable students to study, practice and obsenie the moral
discipline as set out in the objects and this has been achieved so far by establishing the Centre at
Buttercross Lane, Epping. The charity also holds classes and branch classes across Essex, East
Hertfordshire and East London to provide teachings and insight to whomever wishes to attend.
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
do not strive to develop our wisdom, we will always remain ignorant of the true nature of reality.
Everyone wishes for happiness, but our ignorance of reality leads us to engage in non-virtuous actions

DULDZIN DRAGPA KADAMPA BUDDHIST CENTRE
TRUSTEES ANNUAL REPORT
FOR THE YEAR ENDED 31 DECEMBER 2023
which in turn are the main cause of all our suffering. Furthermore, if we do not cultivate a good heart
towards others. then our selfish motivation destroys the harmony of our relationships with others. We
then have no peace, and no chance to gain pure happiness. Without inner peace, outer peace is
impossible, both personally and throughout society.
ACHIEVEMENTS AND PERFORMANCE
Post-COVID the focus shifted to supporting and developing irFperson events and branch classes. The
Charity maintained 9 weekly General Study Programme (GP) classes at 7 venues across Essex, East
Hertfordshire and East London. There were some changes to some of the GP branches. The Romford
branch closed due to a lack of attendance and the operation of the Bishop's Stortford and Chelmsford
branches were reduced from once a week to once a fortnight class due to the availability of Branch
Teachers.
In 2024, the Centre held 10 half-day courses during the year, 5 half-day meditation retreats and 7
Buddhist retreats. The Foundation Programme (FP) was attended by 15 students at the beginning of
the year which reduced to 9 towards the end of the year. The Teacher Training Programme (TTP) was
attended by 10 students at the beginning of the year which reduced to 7 during the course of the year.
The Buddhist retreats were attended by an average of 7 people per retreat.
Duldzin Dragpa KBC intends to develop its range of in-person events to help those who wish to study
further.
Kelsang Deden left the position of Education Programme Coordinator (EPC) in June 2024, which was a
sponsored position.
FINANICAL REVIEW
In accordance with the Charity Commission guidelines, the Charity has established a policy as to the
appropriate level of free reserves. The policy is reviewed annually by the Trustees, and the level of
reserves is monitored on a monthly basis. The Trustees consider that free reserves should be retained
in the bank sufficient to cover in the order of two months of overhead expenditure. These reserves are
held in order to maintain the basic operations of the Charity and to provide some surety against
adverse financial events, such as un-budgeted expenditure, or failure to achieve income targets.
Net income for the 12 months ending 31st December 2024 was £17,412. This is a minor increase of
£179 compared to 2023 net income. There has been a reduction in expenses from charitable activities
from £37,560 to £34,654. These reduced costs are primarily attributed to the reduction of room hire
costs, sponsorship expenses, repair & maintenance, gardening as well as a decrease in some of the
utilities costs.
However, the Charity saw a reduction in income from charitable activities, from £73,589 to £70,614 (a
difference of £2975). This was due to the reduction in number of people attending branch classes,
study programmes, day courses and retreats as well as a reduction in donations and gift aid. Also, the
Centre's accommodation was not fully occupied for the entire year with one room remaining
unoccupied for the duration of 3 months after the sponsored EPC left.
Although there has been a small reduction in income from charitable activities in 2024, the Charity
maintains confidence in meeting and expanding its short and long-term objectives while maintaining
financial stability.
Date..
Lill H Raphael

DULDZIN DRAGPA KADAMPA BUDDHIST CENTRE
INDEPENDENT EXAMINER'S REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024
I report on the accounts of Duldzin Dragpa Kadampa Buddhist Centre for the year ended
31 st December 2024 which are set out on pages five to eleven.
Respective responsibilities of trustees and examiner
The Charity's Trustees are responsible for the preparation of the accounts. The Charity's
Trustees consider that an audit is not required for this year (under section 144 (2) of the
Charities Act 2011 (The Act) but that an independent examination is needed.
It is my responsibility to..
Examine the accounts under section 145 of the Charities Act,
To follow the procedures laid down in the General Directions given by the Charity
Commissioners (under section 145(5)(b) of the Charities Act, and
To state whether particular matters have come to my attention.
Basis of independent examiner's Statement
My examination was carried out in accordance with the General Directions given by the
Charity Commissioners. 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 considerations of 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 an audit and
consequently I do not express an audit opinion on the view given by the accounts.
Independent examiner's statsment
In the course of my examination, no material matters have come to my attention which
gives me cause to believe that in, any material respect:
the accounting records were not kept in accordance with section 130 of the
Charities Act; or
the accounts did not accord with the accounting records., or
the accounts did not comply with the applicable requirements concerning the
form and content of the accounts set out in the Charities (Accounts and
Reports) Regulations 2008 other than any requirement that the accounts give a
true and fair, view which is not a matter considered as part of an independent
examination.
I have come across no other matters in connection with the examination to which attention
should be drawn in this report in order to enable a proper understanding of the accounts
to be reached.
David Courtier FMAAT AATQB for and on behalf of..
Community360
Winsley's House, High Street, Colchester, Essex
Date
2é/6/z5

DULDZIN DRAGPA KADAMPA BUDDHIST CENTRE
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 DECEMBER 2024
2024
Total
2023
Total
Note
Income and endowments from:
Donations & Legacies
Charitable activities
Investment income
655
67,885
2,074
70,614
2,397
71,115
77
Total incoming resources
73,589
Resources expended
Charitable activities
Raising Funds - Publicity
Other
34,654
2,156
16,392
53,202
37,560
2,958
15,838
56,356
Total resources expended
Operating surplus
17,412
17,233
Net movement in funds
17,412
17,233
Funds at 1 January 2024
639,925
622,692
Funds at 31 December 2024
657,337
639,925
Notes on pages 7-11 form part of these financial statements.

DULDZIN DRAGPA KADAMPA BUDDHIST CENTRE
BALANCE SHEET
AS AT 31 DECEMBER 2024
2024
2023
Notes
Fixed Assets
Tangible assets
800,000
800,000
Current assets
Stocks
Debtors
Cash at bank and in hand
505
1,400
80,665
82,570
676
1,376
76,820
78.872
Creditors: amounts falllng
due within one year
Net current assetsl(liabilitles)
21,522
61,048
20,215
58,657
Total assets less current liabilities
861,048
858,657
Creditors: amounts falling
due after more than one year
Net Assets
(203,711)
657,337
(218,732)
639.925
Funds
Unrestricted funds
Revaluation Reserve
356,337
301,000
657,337
338,925
301,000
639,925
Total Funds
For the year ended 31 December 2024 the company was entitled to exemption from audit under
section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476
of the Companies Act 2006.
The directorfs acknowledge their responsibility for complying with the requirements of the Act with
respect to accounting records and for the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies
subject to small companies regime.
The directors declare that they have approved the accounts above.
Signed on behalf of the trustees:
Date..
oa
lain Blake-Lawson

DULDZIN DRAGPA KADAMPA BUDDHIST CENTRE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
1. Accounting Policies
Basis of accounting
The financial statements have been prepared in accordance with Accounting and
Reporting by Charities.. Statement on Recommended Practise applicable to charities
preparing their accounts in accordance with the Financial Reporting Standard applicable
in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
(Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and
Rebulic of Ireland (FRS 102) and the Companies Act 2006.
The charity constitutes a public benefit entity as defined by FRS 102.
Cash Flow
The financial statements do not include a cash flow statement because the charity, as a
small reporting entity, is exempt from the requirement to prepare such a statement under
Financial Reporting Standard 1 Cash flow statements
Restricted and designated funds
All receipts are unrestricted funds.
Incoming resources
All incoming resources are included in the statement of financial activities when the
charity is legally entitled to the income and the amount can be quantified with reasonable
accuracy.
Investment income consists of bank interest received within the year.
Resources expended
All expenditure is accounted for on an accruals basis and is recognised when there is a
legal or constructive obligation to pay. Expenditure has been classified under headings
that aggregate all costs related to the category.
Costs classified as governance costs relate to costs incurred in connection with
compliance with constitutional, audit and other statutory requirements.

DULDZIN DRAGPA KADAMPA BUDDHIST CENTRE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
1. Accounting Policies (continued)
Depreciation
Depreciation is provided to write off the cost of fixed assets over their expected
useful lives. The current fixed assets are not liable for depreciation and therefore none
is being charged.
2. Investment Income
Total
2024
Total
2023
Interest receivable
2,074
2,074
77
77
3. Charitable Activities
Total
2024
Total
2023
Catering costs
Room hire
Purchases - Bookshop
Finance
Bank Charges
Information Technology
Computer Software and internet costs
Other
Insurance
Accountancy Fee
Rates, light and heat
Telephone
Miscellaneous
Repairs and Maintenance
Gardening expenses
Gompa expenses
Sponsorship expenses
Houshold expenses
Office Expenses
73
5,592
687
6,084
658
415
422
1,066
623
1,650
567
8,577
543
125
1,039
333
2,547
10,590
503
347
34,654
1,560
413
9,343
492
80
1,677
92
2,642
12,330
620
524
37,560
4. Other Recources Expended
Total
2024
Total
2023
Bank Loan Interest
16,392
16,392
15,838
15,838

DULDZIN DRAGPA KADAMPA BUDDHIST CENTRE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
5. Tangible fixed assets
Land &
Buildings
Cost
As at 1 January 2024
Additions
800,000
As at 31 December 2024
800,000
Depreciation
As at 1 January 2024
Charge for the year
As at 31 December 2024
Net Book Value
As at 31 December 2024
800,000
As at 31 December 2023
800.000
Revaluations of Property
Cost
Revaluation in 2009
Revaluation in 2012
499,000
251,000
50,000
800,000
6. Debtors
Total
2024
Total
2023
Trade Debtors
Prepayments and accrued income
1,400
1,400
1,376
1,376

DULDZIN DRAGPA KADAMPA BUDDHIST CENTRE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
7. Cash at Bank and In Hand
Totsl
2024
Total
2023
Current account
Deposit account
Petty Cash
10,996
68,053
1,616
80,666
7,220
68,000
1.600
76,820
Creditors: falling due within a year
2024
2023
Bank Loans
Other Creditors
Accruals
Deferred Income
17,200
2,000
942
1,380
21,522
17,200
1,370
905
740
20,215
Creditors: falling due after more than one year
Bank loans
203,711
203,711
218,732
218,732
9. Summary of Funds
Brought
Forward
Incoming
resources
Outgoing
resources
Gains I
( Losses)
Carried
Forward
Unrestricted
Revaluation Reserve
338,925
301,000
639,925
70,614
53,202
356,337
301,000
657,337
70,614
53,202
10. Going Concern
The charity is operating on a going concern basis
11. Key Staff
No key management personnel were employed during the financial year.
10

DULDZIN DRAGPA KADAMPA BUDDHIST CENTRE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Unrestricted Unrestricted
Total
Total
2024
2023
12. Extended Statement of Financial Activity
Incoming Resources
Donations & Legacies
Donations
Gift Aid
Investment Income
Bank I nterest Received
524
131
1,935
462
2,074
77
Incoming Resources from Charitable Activities
Sales Bookshop
Day Courses and Retreats
Study programme
Accommodation and utilities
Totsl Incoming Resources
Resources Expended
Raising Funds
Publicity
Advertising and poster displays
Other Resources Expended
Bank loan interest
948
6,895
26,343
33,699
70,614
961
8,526
27,105
34,523
73,589
2,156
2.958
16,392
15,838
Charitable Activitles
Catering costs
Room hire
Purchases bookshop
Finance
Bank charges
Information Technology
Computer software and internet costs
Other
Insurance
Accountancy fee
Rates, light and heat
Telephone
Miscellaneous
Repairs and maintenance
Gardening expenses
Gompa expenses
Sponsorship expenses
Household expenses
Office expenses
Total Resources Expended
Net Income
73
5,592
687
6,084
658
415
422
1,066
623
1,650
567
8,577
543
125
1,039
333
2,547
10,590
503
347
53,202
17,412
1,560
413
9,343
492
80
1,677
92
2,642
12,330
620
524
56,356
17,233
11