Charlt> Reglstratlon No. 1129195
Companv RegistratioTh No. 06815448 IEngland and Wal¢sl
KADAMPA MEDITATION CENTRE LEEDS
TRUSTEES, REPORT AND
UN.4UDITED FINANCL4L STATEMENTS
IOR TIIE YEAR ENDED 31 DECEMBER 21124

Charlty Reglstrntlon )0. 1129195
Company Registration No. 06815448 (England and Wales)
KADAMPA MEDITATION CENTRE LEEDS
CONTE_NTS OF THE FINAliCIAL STATEfvIE_YTS
FOR THE YEAR ELIDED 31 DECEMBER 2024
Page
Company Informatio
Trustees, Report
Statement of Financial Artivities
Balance Sheet
Notes to the Financlal Statements
8-11
Independent Accountant's Report
12

Charlt> Reglstratlon No. 1129195
Companv RegistratioTh No. 0681M48 IEnglAnd and Wal¢s)
KADAlItP.4 MEDITATION CENTRE LEEDS
COMPANY INFOR1￿lATIoN
FOR TIIE YEAR ENDED 31 DECEMBER2024
DIRECTORS:
Mb Caroline Jane Kaye
Mr David Rawson
Ms Lisa Marie Devine
REGISTERED OFFICE:
Waterloo House
Assembly Street
Leeds
LS2 7DE
REGISTERED NUMBER..
06815448 (England and Wales)
CHARITY NUMBER:
1129195
ACCOUNTANTS:
Partner Accountancy
The Junction, Office 43
Cl)arle5 Street
Horbury
West Yorksl)ire
WF4 5FH
BANKERS:
HSBC
-31 Park Row
Leeds
LSI ILD
Page I

Charlty RegAstratlon No. 1129195
Company Regi5trAtion No. 06815448 (England and Wales)
KADAMPA MEDITATION CENTRE LEEDS
TRUSTEES, REPORT
FOR TIIE YEAR ENDED 31 DECEMBER 2024
The trustees present theii. report and rJ[￿nCial statetnents for the Period ended 31 Deceniber 2024.
STRUCTURE, GON'ERNANCE AND ￿L1L￿AGE.￿E.￿T
Governing Document
KMC Leeds is collbtituted d5 d coillpdlly limited by bTUdrantee under the Comp<inies Act and governed by it5
Memorandum and ArtiLle5 of AssociatlO]I dnd ib iilsu a rtgisteTed Lhdrity.
Trustcc Recruitment #nd Training
Ol. the ihree irusiees, Iwo elected 11'usiees are recruiied from wiihin Ihe cenlre or Iroin other similar cenlres so thai they
have knoivledge and underblanding ol. Ihe charily's aims and w'orkings. To be elecied or appoinied as a trustee. Ihe
nominee inusl be a member of the charity and is eleLied by members at the Annual General Meeiing or by (he trustees
.heii the need arises according to the Articles of Association. The third rrustee is an ex-ofticio trustee, by ￿'IrtUe of
them being the Administrative Dire¢ror of a centre specified in the Articles of Association. Neiv truste¢s are guided by
the current tn]st¢es and L)ther members of the charity. in particular Ihe Adminisiraiii'e Director and Resident Teacher,
ho have vast experience within the organisatiLIn.
Related Charities
The cliarity is a member of the New Kadampa Tradition
International Kadampa Buddhist Uniot) I'NKT-IKBU"),
-hich is made up of many centres throughout the Thorld with the same objects. They are all independent charities
lillked only by their objects aiid there is no financial dependency, although funds may pass between centres to flllfil
aims and objectives.
OBJECTIVES AND ACTIVITIES
Objects
The objects of the charity are to prornote the Buddhist faith under the Spiri￿81 guidance of the elected Spirilual
Director of the NKT-IKBU principallj through activities of teaching, study, practice and the obseri'ance of moral
discipline, Ic11 within the Mahayanic BILd(Ihist Tradition ol. AEisI)A And Je Tsongkhhpa. as taught by Venerable Geshe
Kelsang Gyat50 Rillpoche. tl)e ftrunder of the NKT-IKBU. tl)rough tlie Colltinuous in)plemeniatioH of the three NKT
study pi"ogi"amn)es.' tl)e Geneial Progran)IMe, Fouthdaiion Progran)me and Teacher Trainii)g Programme.
Alm5 and Actlvltle5
The charity ain)s io provide faciliiies to enable students to swd). practice and observe the moral discipline as set out in
the objects and this has been aLhieTred so far by estsblishing the centre in Waterloo House. The chaiity holds classes
providing ieachings and insight to whomever ivishes to attend.
Volunteers
The LliÉirity has many volunteers fiom the local Lommunit}', Ivho are essential for the Nnning of the Lhaiity and are
involved in all aspecis of it.
Public benefits
In exercising iheir poivers and duties, the trustees have had due regard to the guidance on public benetjt published by
thc Lhariry Cominission. Thcy bclicvc that thc work of th¢ charity in proinoting thc Buddhist fairh has clLarly
idcntifiablc bcn¢fits. Thc charity bclicvcs that thcrc arc ihrcc important public bcnLfits to pr01nOting ihc Buddhist faith..
to hclp pcoplc to dcvcli)p thciT wi.sdnin, t() cultivalc a gnnd licart, and ta n)aintain a pcaecftil mind. If wc incrcasc our
'i8di)In. wc will ovcrcoinc tlic problcm.% in our daily lifc, iniprovc rclatinnships with othcrs, and bccomc of real
bcncfjt to a tmublcd world.
Benefit tn the public
The charity offers regular courses ii) Buddhist philosophy, psychology ai)d meditation: bringiiig per501￿1 and social
bejiefit. These COUTses are accessible to the public for modest fees ￿)d £￿'erybOdY is welcoine
Buddhist and noi)-
Buddhist. The more adV￿1ced courses of ii)sttlLCtion require a gTeater commitment of peTsonal time from panicipat]ts.
The charity also maintains a year-round programtne of prayeTS and meditation, agaiii opeii to rhe public.
Page 2

IL4DAMPA MEDITATION CENTRE LEEDS
TRUSTb.Tr.S' RTr:PORT
FOR THF. YF.AR F.NDTr.I) JI DTr.CTr.MIIF.R 2024
ACHIF.VF.MF.NTS AND PF.RFORMANCF.
KMC Leedi Continued io proiiide Kadain F)hamia ihrough the ihree study programines: Genernl PrL)gramme,
Fi)undatii)n Pr()graniinc and Tcacher Training Pn)gramnic. During the ycar, nuincr()u% day and wcckcnd cour%c8, a8
icll a8 cnmlincnl %tudy pr()gran)Inc%, wcrc hcld at KMC Lccd% whicli ivcrc ￿'ClI aitcndcd.
Watcrlno Hnu%c, Ihc bllilding in ccntral Lccd% Iliat is the rc818tcrcd officc nf tlic cliarity, 18 nwncd by tlic Ncw
Kadanipa Tiadition
Intci'national Kadampa Buddhist Uninn INKT-IKBUI and 18 opcn %ix days a ivcck, staffcd by
sponsored people and volunteeis. The charity also owns and operates from a Property in the Roundliay area of the city,
and there is a moitgage on this.
FILIALICIAL REIIIEW
KMC Leeds courses aiid retreats contiiiued to be populai. in 2024. Overall, income for classes and courses increased, as
did the shop and cafe. Expenditure also increased, includit]g the higher cost of utilities. as ￿'t11 as iiecessary
mainteiiance work on the buildings. In addition to a number of volunteer5 in both teaching and supporting roles: the
chaTlty sponsored three peuple direLtly in prinLipal teaching diid inanageineiit roles.
RESERVES POLICY
Tlie Trusttts consider that the level uf free reserves should be retained in liquid funds equiN'dl¢nt to Luver up tu 51X
nionths uverliead ¢xp¢iiditur¢. These reseri'es are to be held iii OTder to m¥intsiii the ba5iL Optrdtions of the Lharit), aiid
to provide some surety againsl adverse financial events. such as income iargeis noi being achieved, or unexpec¢ed
expenditure.
Page 3

IL4DAMPA MEDITATIof4 cE￿TRE LEEDS
TRUSTb.Tr.S' RTr:PORT
FOR THF. YF.AR F.NDTr.D JI DTr.CTr.MBF.R 2024
RF.SPONSIBII.ITIF.S OF THF. ￿lA￿AG￿.mF.NT Co￿lmI￿F.F.
Ci)mpany laTh' rcquires thc Managcincnl Cnminitlcc to prcparc financial %tatcincni% for cach financial ycar ivhich gii'c a
tnic and fair vicw of thc siatc of affair8 nf thc charitablc cnmpany at tlic halancc 8licct datc and nf it% ineoming
r&%()urcc8 and applicaiinn nf rc%ource8, including ineamc and cxpcnditiirc, for thc flnancial ycar. In preparing tlio%c
financial statcmcnt%, the managcmcnt committec should fi)Ilnw bc8t practicc and..
Select suitable accounting policies and apply them consistently
Make judgments aiid estimate that they are both reasonable ￿ld PTudent
Prepare the finaiicial statements on the going coiicern basi5 unless It is inappropriate to a5surne that the
company will continue on that basis.
The mal￿geMent committee is responsible for rnailltaining proper accollnting records which disc105e with iEasoiiable
accuracy al any time the fjnancial position of the charitable company aiid to enable them to ensure that the fit]ancial
statanentb Lvmply with the Companies ALt 2006. The rnana¥einents Luinniittee is Tesponsible foi bdfe¥u￿dl￿￿ the
assets ol'the Lhdiitable company henLe for takin¥ TeaSOiILLble steps for the deteLtiun and prevention uf fraud or other
irregularities.
TRUSTEES
Tl)e Injsiees. are also directors for the purpose of company law, shown below. have held oifice during the whole of
il)e period from l January 2024 to the dale of ihis repori.
Mg Car()line Jane Kaye
Mr DaNid RaH.son
Ms Lisa Marie Devine
ON BEHALF OF THE BOARD UF TRUSTEE5:
Ms Lisa Mari¢ D¢vit)¢
Datc.. 25 Sep 2025
Page 4

Charlty Reglstratlon No. 1129195
Companv Registration No. 06815448 (EDgland aDd Wales)
KADAMPA MEDITATION CENTRE LEEDS
STATELWIENT OF FINANCIAL ACTIVITIES
INCLUDING INCOIIE AND EXPENDITLRE ACCOUNT
roR THE YEAR ENDED 31 DECEf4lBER 2024
rotal
2024
Total
2023
Notes
Jneomc from:
Cale income
Cenire Card
Donations
Incomi1￿ rent
Visitor accommodation
Orher income
Shop income
Residents Uiility Income
Class income
Total in£orne
16.390
24.332
9.798
61.237
20
94
7,247
7.200
33,945
160,263
6,232
7,015
2,834
53,618
643
119
4,559
28,871
103.891
Expenditure on..
Administration
Advertising
Bank Charges
Café expenses
Car
Centre food
c.ouncil chargcs
C.t)ursc and fcstival fees
Dcprcciation
Education
Health and safety
Hou%ehold
Insurance
Mainteiiance
Mortgage interest
OffeTings
Shop expenses
Sponsorship
TraN'el Ctssts
1,917
534
1,861
13,604
814
,018
223
4,324
16,564
8,198
627
105
1,509
4,646
2,429
261
745
18,567
6,7% I
7.045
475
3.004
6.234
13,670
2,181
2,010
15,)17
5,038
26,454
118.431
3,148
40,110
24,610
,904
3,926
27.8tK)
4,815
121
Total expcndlture
24.1347
tt ineome l (expenditure)
183,084)
(14,540)
Fund balances brought fonward
Fund tialance8 carried fonvard
149,719
66,635
164.259
149.719
The statement of financial activities also complies w'ith the requirements for an income and expeiiditure account under
the Companies ALt 2006.
The notes fonn part ol. these financial btatements
Pa¥e 5

Charlt> Reglstratlon No. 1129195
Companv Registration No. 0681M48 IEnglAnd and Wales)
KADAMPA MEDITATION cE￿TRE LEEDS
BALANCE SIIEET
31 DECEMBER 2024
2024
2023
Notes
FIXED ASSETS
Tall¥Fible assets
515,209
519,936
CURRENT ASSL'I'S
Stocks
Cash at bLwk
5,999
15.306
9.497
7,867
141
21,305
17,364
CREDITOR.S
Amounts duc within l ycar
(2X,0631
(27.1169)
Tr4ET CURRETr4T ASSETS
16,7581
(9,705)
TOT AL ASSII TS LESS CURRENT
LJABILITIEI S
i08,451
510,231
CREDI'IORS
Amounts falling due after more than one year (6)
{441.8161
1360,512)
TrIET ASSETS
66,635
149,719
INCOME FUNDS
Unrc%trictcd fund8
66,635
149,719
TOTAI. FLNDS
66,635
149,719
The coinpany is eniiiled io exempiion trom audit under Section 477 ot'the Companies Aei 2006 for the year ended 31
T)ecember 2024.
The members have not required Ihe company lo obtain an audii of itb linancial siaiemenls for ihe year ended 31
Dcccmhcr 2024 in accnrdancc ￿'1th %cctii)n 476 ()f thc Cnmpanic8 Act 2(106.
The directors ackn()wledge their re8pan8ibilities f(Ir'.
lal en811ring that Ilie company keeps a¢coiinting records which coinply ￿'1[h Sections 386 and 387 of the Companies
Act 2006 and
Ibl preparing financial statements M-hich gI￿.e a true and fair vie￿, of the 8late of affairs of the ¢ompan}' as at the end
of each fil￿nCIal y¢ar and of its incoin¢ aiid ¢xp¢nditur¢ for ¢a¢h financial y¢ar in a¢¢ordanc¢ with th¢
requirements of Sectioiis 394 and 395 alld which othenvise comply with the requireinents of the Coinpai)ies Act
2006 relating to fjnancial statements, so far as applicable to the company.
The not¢5 forni Pdrt ol'the&e lin(￿lia1 btattments
Page 6

Charlt> Reglstratlon No. 1129195
Companv Registration No. 0681M48 IEnglAnd and Wales)
The fiiiancial staternents ivere approved by the Board of Directors and Tryere S]￿led oil its behalf by..
Ms Lisa Marie Devine
Date.. 25 Sep 2025
The not¢5 forni Pdrt ol'the&e lin(￿lia1 stattments
Page 7

Charlt> Reglstratlon No. 1129195
Companv Registration No. 0681M48 IEnglAnd and Wales)
KADAMPA MEDITATION CEYTRE LEEDS
NOTES TO TIIE FINANCIAL STATEMENTS
FOR TIIE YEAR ENDED 31 DECE￿IBER 2024
ACCOLTLNTING POLICIES
AeeDuntimg convention
The fil￿￿LId1 staiements h<ive been prepaied uiider the histOLICdl Lost convention.
The fin￿)Lial stdtements have been piepdred in acLordance M'ith ALCOUntinbF dnd Reporting by Charities..
Statement of Recommended PrdLtice dppIiLable to chaiities prepdriii¥ their accouiiis 111 ilCLtJrdiince with tlie
Financial Reporiing Siandard applicable in ihe UK and Republic ol. Ireland IFRS 10?) leffecliiie l January
20151- IC.harilies SORP {FRS 10211, the Financial Reporting Siandard applicable in Ihe UK and Republit of
Ireland (FRS 102) and the Conipanies Acl ?006.
Ineoming resourccs
Donaiions are accounied for ￿'heA received by the company. Other income is accounted for on an accruals basis
as far as is prndent to do so. All income arises in the Uniied Kingdom.
Resources expended
Expenditure is reoognised on an accruals L)asis as a liabiliry is in¢urred. Expenditure includes any VAT which
cannot be fully recoipered and is reported as pan ot-lhe expenditure in which li relaies.
Charitable expejiditllre comprises those costs incurred by the chariry in the delivery of its activities and services
for its benefjciaries.
Govcrnancc co8ts includc tho%c co8ts a*8ociatcd with mccting thc constitutional and starntory rcquircments of
thc charity.
Tangible fixed x55et5
Tangible fixed assets Costing inore than £750 are capitalised and included at cost including any incidental
expense% of acqiiisition. Gifted as8et8 are shown at tl)e value to the charity on receipt. Depre£iation ]% provided
oil all tai)gible fixed assets at rates calculated to write off the cost on a strai￿)t-1lne basis over their expected
useful ecoi)omic lives as follows..
Freehold land
Freehold buildings
Equipn)ent
Fixture and litiings
Not depreciated
Over 50 vear5
33°/0 per annum
.'0 per annum
Stoek
Stock is valued at the lower of cost and net realisable value.
Aceumulated funds
R¢btsiLted funds ar¢ subjeLt tts spe¢ifiL Londilions by donors as to how they may be used. The purposes and
uses of ihe restricied funds are set out in the noies to the accounts.
T￿￿￿tion
As a registered charity the company is generally exempt from Income Tax and Capital Gains Tax.
Average Number of Employees
Avcragc numbcr of cmployccs during thc ycar was.. 312023..2}
SPOY8ORSHIP
21)24
GTOSS sponsorship payment5
15,517
The notes form Pdrt of thtbe fIn{￿lI<11 5t(Itement
Page 8

Charlt> Reglstratlon No. 1129195
Companv Registration No. 0681M48 IEnglAnd and Wales)
KADAMPA MEDITATION cE￿TRE LEEDS
NOTES TO TIIE FINANCL4L STATEMENTS- continued
FOR TIIE YEAR ENDED 31 DECEMBER 2024
TAryGIRI.F. FIXF.D ASSF.TS
Equiprn¢nL
Fixturt & fittin¥s
Ldnd
Buildings
Tuta15
COST
Ai l January 2024
Addititsns
Disposals
250,000
333,088
8,280
66.988
3.557
650,076
11.837
At 31 December 2024
341,368
70.E4.S
661,913
DEPRECIATION
At l January 20?4
Chargc for ycar
Di8posals
89,104
6,828
41,036
9,736
130,140
16,564
At 31 December 2024
95,932
50.772
146,704
NET Book VALUE
Ar 31 December 2024
250,000
245.436
19.773
515,209
At l Janllary 2024
250,000
243.984
519,936
CASH AT BANK
2024
2023
HSBC Conimunily Accounl
HSBC Business Money Manager
ITP Account 2
2.698
7.876
2,785
94
2,193
5,395
Squarc Cash Clcaring
C.a8h in hand
100
1,747
106
73
Paypal
106
15,306
7,867
The notes form Pdrt of tht5e fIn{￿LI<ll 5t(Itement
Page 9

Charlt> Reglstratlon No. 1129195
Companv Registration No. 0681M48 IEnglAnd and Wales)
CREDITORS AND ACCRUALS
2024
2023
Loans and overdrafts
Tenants, se¢urity de￿)SIts
Other Lreditors
Creditors
17,097
4,275
108
17,097
4,220
104
6,583
5,648
28,063
27,069
CRF.DITORS AND ACCRUAI.S FAI.I.ING DUF. AFTF.R ONF. YF.AR
2024
Bank loan
240.085
2Ql,731
247,452
113,060
Intcrc%t frcc Ii)ans
441,816
360,512
RELATED PARTY TRANSACTIONS
Trustee expeThses
No Irustee receik'ed any expenses during this year or the previous year.
'rru5tee remuneration and benefits
No trustee receiked any remuneration or benefit during this or the previous year.
Remuneration And benefits reeelved by kev ]nanaEement personnel
The key mana¥ement personnel of the charity comprises of the trustees alld the administratiN'e director.
Other related party transactions
Loans to the charfty
2024
2023
Name of trustee or related partv
I Ivoolbey
New I(adampa Tradition
Detgils
Interest free loan
9,000
192,731
9,(H)O
104,060
Interest free loan5
?01.731
113,060
The notes form Pdrt of tht5e fIn{￿LI<ll 5t(Itement
Page 10

Charlt> Reglstratlon No. 1129195
Companv Registration No. 06815448 IEnglAnd and Wales)
KADAMPA MEDITATION CEYTRE LEEDS
INDEPENDE)T ACCOUNTANTS, REPORT TO TIIE TRUSTEES
ON TIIE UN.4UDITED FIYAYCIAL sTATEME￿Ts OF
KADAMP.4 MEDITATION CENTRE LEEDS
We repurt on the acLuunts vf the Lumpany for the yedr ended 31 December 2024, which dre set out PdgFeb 5 to 10.
RESPECTWE RESPOliSIBILITIES OF TRUSTEES AND REPORTING ACCOUliTANT
The trustees I￿"hO are a150 Ihe directors of the COmPL￿Y for the Pury￿se5 of cOmpL￿Y lawl are respo1￿1b1£ for the
preparalion Lil. Ihe atcounis. The trusiees consider ihal an audii is noi required lor ihis year under seciion 43(2} of the
Charilies Aci 1993 Iihe 1993 Aci} and ihat an independenl examinalion is needed.
Having baiiblied ourselNes ihal the charity is not subjeci io audit under company law and is eligible lor independent
examinaiion, it is our responsibiliiy 10..
Ex(Itniri¢ the <lCLlJUllts under bection 43 of rht 1993 Act..
To folloTh' the procedures laid down it] the genei'al Directions given by the ChaLlty Coinmission under section
43(7)b of the 1993.4ct,' and
To %tatc whcihcr particular n)attcr8 havc cnmc tn nur attcntion.
BASIS OF INDEPE￿DENT EXAMINER'S REPORT
Our examit￿tiO1) ￿'aS carried out in accordance ￿'1th the general Directiot15 given by the Charity Commi5SIOII.
examijiation iiicludes a review of the accounting records kept by the charity and a comparisoii of the accounts preseiited
with those records. It also include5 consideration of aiiy unusual items or disclosures iii the account5, aiid seeking
eXplaI￿tio11S froin j'ou a5 trustee5 coiiceniing any such matters. The procedure5 uiidertaken do not provide all tlie
evidence that w'ould be required in an audit and consequently no opinion is givell as to ivhether the accounts present a
'tiue and lair i'iew, and the repvrt is limited to thc)se inatters set out iii tlie statement below.
INDEPENDENT EXA.MI.NER'S STATEMENT
In connection ￿'1th our examination. no matter has come tLI our attention..
I I I Ivhich gives us reasonable cause to believe that in an J. material respect the requiremenis-
to keep accounting records in accordance with section 386 of the c.ompanies Act 2(M)6' and to prepare accounts which
accord lviih the accouniing records, coniply with ihe accouniing requirement of section 196 of the Companies Aci 2(106
and with the nielhods and principles ol'the Ststenienl o(Reeommended Praciice.. Accounling and Reporling by Charities
have not bccn mct,. or
(21 t() which, in our t)pinitsn, attcntii)ns should bc drawn in Trrdcr to cnahlc i prt>pcr undcrAtanding of thL accounts to be
r¢a¢hcd.
PJH
riw
Paiil Harrison
Partner Accountancy
The Jllnction, OtTi¢e 43
Charl¢s Str¢¢r
Tlorbury
West Yorksliire
WF4 5FII
Date.. 25 Sep 2025
Page 11