THE MIDLANDS INTERNATIONAL BUDDHIST ASSOCIATION IN THE UK
Financial health, per its FY2024 accounts
The accounts state that total funds increased to £2,145,691 from £1,761,943 in the prior year, driven by net incoming resources of £382,518. The charity holds unrestricted reserves of £2,145,691 and has no stated reserves policy target to compare against. The going concern assessment is marked as 'Not applicable', indicating no material uncertainties were identified by the trustees.
What the accounts disclose
Structured financials (annual return, FY ending 31/03/2024)
Trustees
- VEN. Dr. WITHARANDENIYE KASSAPA OBEchair
- Parminder Sroy
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £441k | £298k |
| 31/03/2024 | £648k | £266k |
| 31/03/2023 | £750k | £237k |
| 31/03/2022 | £481k | £141k |
| 31/03/2021 | £523k | £137k |
Common questions
Is THE MIDLANDS INTERNATIONAL BUDDHIST ASSOCIATION IN THE UK financially healthy?
The accounts state that total funds increased to £2,145,691 from £1,761,943 in the prior year, driven by net incoming resources of £382,518. The charity holds unrestricted reserves of £2,145,691 and has no stated reserves policy target to compare against. The going concern assessment is marked as 'Not applicable', indicating no material uncertainties were identified by the trustees. Its FY2024 accounts were independently examined.
Who funds THE MIDLANDS INTERNATIONAL BUDDHIST ASSOCIATION IN THE UK?
Funders whose own accounts filings name THE MIDLANDS INTERNATIONAL BUDDHIST ASSOCIATION IN THE UK as a grant recipient include THE INTERNATIONAL BUDDHIST RELIEF ORGANISATION (I B R O).
Shared trustees with funders
- VEN. Dr. WITHARANDENIYE KASSAPA OBE — trustee here and at THE INTERNATIONAL BUDDHIST RELIEF ORGANISATION (I B R O)
Known funders
| Funder | Year | Amount |
|---|---|---|
| THE INTERNATIONAL BUDDHIST RELIEF ORGANISATION (I B R O) | FY2023 | £284k |
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Heritage Fund | 13/08/2004 | £5k | "This Buddhist Association Plan To Run A Community Day Of Cultural Events For People Of Different Nationalities And Cultures Living In Derby." |