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NEW KADAMPA TRADITION - INTERNATIONAL KADAMPA BUDDHIST UNION

Registered charity 1015054 · accounts filings on the Charity Commission register · also known as INTERNATIONAL KADAMPA BUDDHIST UNION (IKBU), INTERNATIONAL TEMPLES FUND, MANJUSHRI KADAMPA MEDITATION CENTRE (MKMC), NEW KADAMPA TRADITION, THARPA PUBLICATIONS

Public promotion of Kadampa Buddhism throughout the world, by supporting the development of Kadampa Buddhist Centres throughout the world; by publishing and distributing books on Kadampa Buddhism; by training teachers of Kadampa Buddhism; and by maintaining a year-round programme of Buddhist teachings and meditation at the charity's home premises.

Causes: Education/training · Religious Activities · Grant history (this charity is a funder) · website · Get email alerts

Latest income
£6.0m
Latest spending
£3.3m
Registered
1992
Accounts read
FY2024

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.

Automated summary of the FY2024 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Payments to trustees: Heather C. Wright received £8,064 for her role as General Spiritual Director.
“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
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: New Kadampa Tradition KMC Spain S.L. owed £1,274,745 in 2023.
“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
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Income from trustees and key management personnel.
“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
Per its FY2024 accounts as filed with the Charity Commission.
Trading subsidiary: New Kadampa Tradition KMC Spain S.L.
“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
Per its FY2024 accounts as filed with the Charity Commission.

Accounts audited by RFM Audit Services LLP. Discloses 4 of 6 completeness components.

Public fundraising profile: JustGiving — New Kadampa Tradition - International Kadampa Buddhist Union (matched by registered charity number).

Property (HM Land Registry)

4 registered titles in England and Wales held by the charity’s company or corporate body (2 freehold); recorded price paid £2.4m. All charity-held property. Contains HM Land Registry data © Crown copyright, OGL v3.0.

Structured financials (annual return, FY ending 31/12/2024)

Total income
£6.0m
Total spending
£3.3m
Reserves (reported)
£750k
Employees
39

Reported reserves equal ~2.7 months of spending — below the median for charities its size (median 4.8 months; benchmarks).

Per its annual return, cost of raising funds: 0.0% of total income — below the median for charities its size (5.2%) (benchmarks).

Trustees · trustee networks

Trustee list from the Charity Commission register (current, not historical).

Operates in: Cumbria · France · Spain · Taiwan

Income and spending

Financial year endIncomeSpending
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?

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. Its FY2024 accounts were audited by RFM Audit Services LLP.

Charities like this

Semantically similar by activities and financial character, from our analysed corpus. Compare with Heruka Kadampa Meditation Centre.

Side by side with its peers

CharityIncomeTop pay bandStaff >£60kReserves vs policyFundraising costGoing concern
NEW KADAMPA TRADITION - INTERNATIONAL KADAMPA BUDDHIST UNION£6.0m—0unclear—no doubt
Heruka Kadampa Meditation Centre FY2024£366k—0above—noted
VAJRAVARAHI KADAMPA MEDITATION CENTRE LTD FY2025£163k—0above—no doubt
BUDDHA LAND KADAMPA MEDITATION CENTRE LTD FY2024£124k—0above—no doubt
Tara International Kadampa Retreat Centre LTD FY2024£591k—0unclear—no doubt
Kadampa Meditation Centre Bristol FY2025£110k—0unclear—no doubt

Each row is that charity’s latest analysed filing; every value is quote-backed on its own page.