DULDZIN DRAGPA KADAMPA BUDDHIST CENTRE Charity number 1125332 Company registration number 06645102 FINANCIAL STATEMENTS FOR THE YEAR ENDED 31st DECEMBER 2025 DULDZIN DRAGPA KADAMPA BUDDHIST CENTRE CONTENTS FOR THE YEAR ENDED 31 DECEMBER 2025 Page Referen￿ and Administrative Details Trustees Annual Report Independent Examination report Statement of Financial Artivities Balance Sheet Notes forming part of the financial stalements 7-11 DULDZIN DRAGPA KADAMPA BUDDHIST CENTRE LEGAL AND ADMINISTRATIVE INFORMATION FOR THE YEAR ENDED 31 DECEMBER 2025 Registered chartty number 1125332 Reglstered Gompany number 06645102 Registered Address 5A Buttercross Lane Epping CM16 SAA Trustees Mary Cansdale Gisela Downer lain Blake-Lawson Company Secretary L Raphael (Resigned 22nd October 2025) Bankers HSBC 72 High Street Maldon Essex Redwood Bank Ltd The Nexus Building Broadway Letchworth Garden City SG6 3TA ndependent Examlner Community360 Winsley's House High Street Colchester Essex C01 1UG Sollcitors Foskett Marr Gadsby & Head 181 High Str88t Epping CM16 4BQ DULDZIN DRAGPA KADAMPA BUDDHIST CENTRE TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2025 Governing DoGum•nt The Charity is constituted as 8 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 Tralnlng 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 charty and are elected by Ihe members at the Annual General Meeting or by the trustees when the need arises according to the Memorandum of Association. The third tnjstee, the fjx officio director, is appointed by the other diwtors or, in default thereof, by the members and musl be a duly-appointed Administrative Director of 8 major NKT-IKBU Kadampa Aneditation 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 exp8rience within the orqanisalion. Rglatsd Charltles The charity is a member of the New Kadampa Tradition - International Kadampa Buddhist Union I'NKT- IKBU'I, which is made up of many centreg throughout the world with the same objects, however they are all independent charities link8d only by their objects and Ihere 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 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, the founder of the NKT-IKBU through the continuous implementation of local study programmes. Aims and Activitles The charity aims to provide facilities to enable students to Study, practice and observe the moTal discipline as set out in the objecls and Ihis has been achieved so far by establishing the Centre at Buttercross Lane, Epping. The charity also holds classes and branch ¢la8ses 8cross Essex, East Hertfordshire and East London to provide teachings and insight to whom8ver wishes lo attend. Public Beneflt8 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 b8nefits. The charity believes that there are three important public benefits to promoting the Buddhist f8ilh-. to help people to develop their wisdom. to cultivate a good heart, and to maintsin a peaceful mind. If we do not strive to develop our wisdom, we will always remain ignorant of Ihe Irue nature of reality. Everyone wishes for happiness, but our iqnorance of realit.y leads us to en_qa_qe in non-virtUOLts actions 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 p8ace, outer pea￿ is impossible, both per90nally and throughout SOCl8ty. DULDZIN DRAGPA KADAMPA BUDDHIST CENTRE TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2025 Achievments and Performance The Charity started the year with 9 weekly General Study Programme IGP) classes al 7 venues across Essex, East Hertfordshire and East London. There has been one change in GP classes during 2025, the Chelmsford branch was closed in September due to low attendance. In 2025, Duldzin Dragp8 Centre held 8 half-day courses compared to 10 half-day courses during 2024. .Qp.vp.n np.no.ral h￿lf￿{￿V mp.AitAtinn rp_trFs.At.¢ WArp. hAld ?t thp. f.¢X.ntrp. 2n inr.ro.gop. nf ? frnm thp. nrg.iiinij.¢ VP.Ar (5 half-day meditation retreats were held in 20241. The Centre held 7 Buddhist (Teacher Training Programme) retreats (the same number as were held in 20241. The 2025 Buddhist ITTPI retreats were attended by on average 7 participants. Additionally, one empowerment Ivajrasattval was held at the Centre which was attended by 40 people. The Centre's Foundatlon Programme IFPI had 9 students attended at the beglnning of2025 which reduced to 7 by the end ofthe year. The TeacherTraining Programme Irrpi was attended by 7 students throughout thp_ vp.Ar As there is no Education Programme Coordinator {EPCI dLJring 2025, the work of the EPC, was covered by the Resident Teacher and some volunteers. In Aug 2025, the Administrative Director IAD) of the Centre stepped down and the work of the AD was temporarily covered by the Resident Teacher. The EPC and AD positions remain vacant and the Centre hopes to see if any of the local members or community will be happy to fill this position in the ne8r future. The Centre has given one school talk. It has supported two multifaith events held al two separate hospices. Th• P.AntrFa alon Jtt*nA•d nnp .Inh n.rJntrp Aiipnt The Resident Teacher has also taught at two away retreats organised by Heruka KMC. Financial Revlew In accordance with the Charity Commission guidelines, the Charity has established a policy as to the approprlate level of free reserves. The policy is reviewed 8nnually by the Trustees. and the level of reseNes is monitored monthly. The Trustees consider that free reserves should be retained in the bank sufficient to r.nvFar in thp nrrlgr nf h￿n vr)nnth¢ nf nil￿rho.￿￿ Fh¥n•nAiti IrA Thp.qp rp..Rprvp.o Ar￿ hpld In mAintAin *hp hA.qir. operations of the Charity and to provide some surety against adverse financial events, such as un-budgeted expenditure, or failure to achieve income tsrgets. Net incorne forthe 12 months ending 31st December 2025 was £20,587. This is an increase of £3175 comp8red to 2024 net Income. This increase in nel income is predominately dLJe to a reduction in expenses. There has been reduction in the total reSoU￿eS expended of £47199 in 2025 from £53,202 in 2024. These rp.rliip.*rl r.notq Arp nrimarilv attrihi ItAhlp tn thp. rprli Intinn in intp.roqt tn thp. hAnk InAn hpnp.Ka nAvjnn reduced monthly bank interesl and a reduction in room hire costs (as the Chelmsford branch was closedl- The Charity saw a reduction in incomefrom charitable activities. from £67,786 in 2025 compared to £70,614 in 2024 (a difference of £2,828). This was due lo the reduction in branch classes and attendance on study programmes. Although there has been a reduction in income from charitable activities in 2025, the Charity maintains confidence in meeting and expanding its short and long-term objectives while maintaining financial stability. Date: lain Blake-Lawson DULDZIN DRAGPA KADAMPA BUDDHIST CENTRE INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2025 I report on the accounts of Duldzin Dragpa Kadampa Buddhist Centre for the year ended 31st December 2025 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 (21 of the Charities Act 2011 {The Act} but that an independent examination 15 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 14515)(b) of the Charities Act, and To stale 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 Charily 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 conceming 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 statement 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 Con￿rning 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 fairf 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 accounls to be reached. David Courtier FMAAT AATQB for and on behalf of.. Community360 Winsley's House, High Street, Colchester, Essex Date 4th June 2026 DULDZIN DRAGPA KADAMPA BUDDHIST CENTRE STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2025 2025 Totsl 2024 Total Note Income and endowments from: Donations & Legacies 758 655 *1 Iral ILaui¥ a￿lIV(LIV¥ u¥,u¥L Investment income 2,986 67,786 2,074 70,614 Total Incoming re8ourcos Resources expended Charitable activities Rw.qinn Fi ind&- PLKhlir.ibJ 31,229 ?4&? 13,508 47,199 34,654 Other Total resources expended 16,392 53,202 Operatlng surplus 20,587 17,412 Nel movement In funds 20,587 17,412 Funds at 1 January 2025 657,337 639,925 Funds at 31 December 2025 677,924 687,337 Notes on pages 7-11 forni part of these financial statements. DULDZIN DRAGPA KADAMPA BUDDHIST CENTRE BALANCE SHEET AS AT 31 DECEMBER 2025 2025 2024 Notes Fixed Assets Tangible assels 800,000 800,000 Current assets Stocks Debtors Cash at bank and in hand 505 1,400 80,665 82,570 1,300 83,292 85,101 Credltors: amounts falllng due within one year Not curront assotsllllabllltles! 20,267 B4 834 21,522 Total assets less current Ilabllltles 864,834 861,048 Creditors: amounts falling due after more than one year Net Assets (188,910) 677,924 1203,711) 657,337 Funfis Unrestricted funds Revaluation Reserve Totsl Funds 376,924 301,000 677,924 356,337 301,000 657,337 For the year ended 31 Decemb8r 2025 the company was entitled to exemption from audit under section 477 of the Companies Acl 2006. The members have not required the company to obtain an audit in accordance with section 476 ofthe Companies Act 2006. Th8 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 accordan￿ with the provisions applicable to companies subject to small companies regime. The dir8Ctors declare that they have approved the accounts above. Signed on behaff of the trustees.. Date: lain Blake-Lawson DULDZIN DRAGPA KADAMPA BUDDHIST CENTRE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 1. Accounting Policies Basls of accountlng The financial statements have been prepared in accordan￿ with Accounting and Reporting by Charili&s.' Statement on Recommended Practise applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable (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 includ6 a cash flow statement becaLJse the charity, as a smaii reponing entity, Is exempt Trom tne requiremeni to prepare sucn a siaiemeni unaer Financial Reporting Standard 1 "Cash flow statements" Restricted and designated funds All receipts are unrestricted funds. Ine.nmina rp.qourcps All incoming resour￿$ are included in the statement of financial activities when the charty is legally entttled to the income and the amount can be quantified with reasonable accuracy. Investment income Consists of bank interest received within the year. r%¥¥uur6¥¥ ¥xyviiuvii All expenditure is accounted for on an accruals basis and is recognised when there is a legal or Gonstructive obligation to pay. Expenditure has been classified under headings that aggregate all costs relaled to the Gategory. Costs classified as governance costs relate to costs incurred in connection with Complian￿ with constitutional, audit and other statutory requirements. DULDZIN DRAGPA KADAMPA BUDDHIST CENTRE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 1. Accounting Policies (continuedl Depreclatlon 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 2025 Total 2024 Interest receivable 2,986 2,986 2,074 2,074 3. Charitable Activities Total 2025 Total 2024 Catering costs Room hir8 Purchases - Bookshop rii1dii￿¢ Bank Charges Information Technology Computer Software and internet costs other Insurance Accountancy F88 Rates, light and heat Telephone Misc811an8OUS Repairs and Mainlenance Gardening expenses Gompa expenses 17 4,210 504 73 5,592 687 375 415 685 1,066 1,686 374 8,983 593 1,650 587 8,577 543 125 1.039 333 2,547 365 47 2,542 .qthrtnOnro￿in Houshold expenses Office Expenses 452 907 31,229 503 347 34,674 4. Other RecourGes Expended Total 2026 Total 2024 Bank Loan Interest 13,508 13,508 16,392 16,392 DULDZIN DRAGPA KADAMPA BUDDHIST CENTRE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 5. Tangible fixed assets Land & Buildlngs Cost As at 1 January 2025 ,4ddi'Kie, 800,000 As at 31 December 2025 800,000 Depreclatlon As at 1 January 2025 Charge for the year MS di 3 1 'iJei¥lilVéI iv£ Net Book Value As at 31 December 2025 800,000 As at 31 December 2024 800,000 Revaluatlons of Property Cost Revaluation in 2009 Revaluation in 2012 499,000 251,000 50,000 800,000 6. Debtors Total 2025 Total 2024 Trade Debtors Pr8payments and accrued income 1,300 1,400 DULDZIN DRAGPA KADAMPA BUDDHIST CENTRE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 7. Cash at Bank and In Hand Total 2025 Totsl 2024 Current account Deposit account Petty Cash 10,003 71,033 2,256 83.292 10,996 68,053 1,616 80.665 Creditors: falling due within a year 2025 2024 Bank Loans other Creditors Accruals Deferred Income 17,200 1,370 870 827 17,200 2,000 942 1,380 21,522 20,267 Credltors: falllng due after more than one year Bank loans 186,910 186,910 203,711 203,711 9. Summary of Funds Brought Forward Incoming resources Outgoing resources Gains I ( Losses) Carried Forward Unrestricted Revaluation Reserv8 356,337 301,000 657,337 67,786 47,199 376,924 301,000 677,924 67,788 47,199 10. Golng Concern The charity is operating on a going concem basis 11. Keystaff Nc key iTiar.ag- 10 DULDZIN DRAGPA KADAMPA BUDDHIST CENTRE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 UnreFtyi¢ted Unrestr.Icted Total Total 2025 2024 12. Extended Statement of Financial Actlvlty Incomlng Resources Donations & Legacies Donations Gift Aid Investment Income Bank Interest Received Incomlng Resources from Charltable Activities Sales Bookshop Day Courses and Retreats study programme 613 145 524 131 2,986 2,074 724 6,990 22,815 948 6,895 26,343 Total Incoming Resources Resources Exp8nded Ralslng Funds Publlclty Advertising and poster displays viii¥i kAyEfidEd Bank loan interest 67,786 70,614 2,462 2,156 13,508 16,392 Charitable ActlvStios Catering costs Room hire Purchases bookshop Finance Bank charges Informatlon Technology Computer sofvare and internet costs Other Insuranc8 Accountancy fee Rates. light and heat T81ephone Miscellaneous Repairs and maintenance Gardening expenses Gompa expenses Sponsorship expenses Household expenses Office expenses Totsl Resources Expended Net Income 17 4,210 504 73 5,592 687 375 415 685 1,066 1.686 374 8.983 593 1,650 567 8,577 543 125 1,039 333 2,547 10,590 503 347 53,202 17,412 365 47 2,542 9,486 452 907 47,199 20,587 11