NEW KADAMPA TRADITION - INTERNATIONAL KADAMPA BUDDHIST UNION
Financial health, per its FY2024 accounts
The accounts state that the charity reported a net income of £2,672,448 for the year ended 31 December 2024, resulting in total funds carried forward of £44,307,053. The trustees consider £750,000 to be a comfortable level of free reserves to maintain basic operations, and the auditors confirmed there are no material uncertainties regarding the charity's ability to continue as a going concern.
What the accounts disclose
“As permitted by section 5.4 of the Memorandum of Association, during the year Heather C. Wright (aka Kelsang Dekyong) received the standard remuneration applicable to all officers and staff members of the charity amounting to £8,064 (2023: £8,136) for her role as a General Spiritual Director.” — page 25
“At 31 December 2024 £nil (2023: £1,274,745) was owed by New Kadampa Tradition KMC Spain S.L. before taking into consideration a provision against potentially unrecoverable debts of £nil (2023: £170,785).” — page 34
“Income from trustees and key management personnel for retained sponsorship costs for the year was £22,750 (2023: £25,235). Other income from trustees and key management personnel was £852 (2023: £730).” — page 34
“At 31 December 2024 £nil (2023: £1,274,745) was owed by New Kadampa Tradition KMC Spain S.L. before taking into consideration a provision against potentially unrecoverable debts of £nil (2023: £170,785).” — page 34
“Income from trustees and key management personnel for retained sponsorship costs for the year was £22,750 (2023: £25,235). Other income from trustees and key management personnel was £852 (2023: £730).” — page 34
“The company's investments at the balance sheet date in the share capital of companies include the following: New Kadampa Tradition KMC Spain S.L.” — page 28
Structured financials (annual return, FY ending 31/12/2024)
Trustees
- Claire Dawn Hughes
- Henry Freyermueller Shefveland
- Lisa Marie Devine
- Mary Estelle Cansdale
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £6.0m | £3.3m |
| 31/12/2023 | £5.1m | £3.8m |
| 31/12/2022 | £4.4m | £2.2m |
| 31/12/2021 | £4.7m | £2.4m |
| 31/12/2020 | £4.4m | £370k |
Common questions
Is NEW KADAMPA TRADITION - INTERNATIONAL KADAMPA BUDDHIST UNION financially healthy?
The accounts state that the charity reported a net income of £2,672,448 for the year ended 31 December 2024, resulting in total funds carried forward of £44,307,053. The trustees consider £750,000 to be a comfortable level of free reserves to maintain basic operations, and the auditors confirmed there are no material uncertainties regarding the charity's ability to continue as a going concern. Its FY2024 accounts were audited by RFM Audit Services LLP.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE INTERNATIONAL BUDDHIST RELIEF ORGANISATION (I B R O) | 1 | £284k |
| THE WINDHORSE TRUST | 1 | £34k |
| THE LONDON BUDDHIST CENTRE | 1 | £11k |
| EDWARD HARVIST (ALSO KNOWN AS THE HARVIST ESTATE) | 1 | £2k |