KADAMPA MEDITATION CENTRE NOTTINGHAM LIMITED

Registered charity 1028414 · accounts filings on the Charity Commission register · also known as AKSHOBYA CENTRE

Meditation Centre

Objects

TO PROMOTE THE BUDDHIST FAITH UNDER THE SPIRITUAL GUIDANCE OF THE ELECTED GENERAL SPIRITUAL DIRECTOR OF THE NEW KADAMPA TRADITION - INTERNATIONAL KADAMPA BUDDHIST UNION PRINCIPALLY THROUGH THE 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 NEW KADAMPA TRADITION-THE INTERNATIONAL KADAMPA BUDDHIST UNION THROUGH THE CONTINUOUS IMPLEMENTATION OF THE THREE NEW KADAMPA TRADITION STUDY PROGRAMMES: THE GENERAL PROGRAMME, THE FOUNDATION PROGRAMME AND THE TEACHER TRAINING PROGRAMME.

Area of benefit: NOT DEFINED

The charity’s charitable objects and area of benefit, quoted from its governing document as held on the Charity Commission register.

Causes: Education/training · Religious Activities · website · Get email alerts

Latest income
£92k
Latest spending
£115k
Registered
1993
Accounts read
FY2024

Financial health, per its FY2024 accounts

The accounts state that outgoing resources decreased to £23,471 from £49,910 in the prior year, resulting in a net expense for the period. The charity holds unrestricted funds of £357,905, which are held in an International Temples Project account to cover current running costs and future months. Trustees report that operating conditions are improving, with a substantial improvement in finances and liquidity since the year end.

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

What the accounts disclose

Related-party transaction: Note 8
“Related party loan items are from other meditation centres within the wider Kadampa Buddhism community. These amounts were loaned under agreement and are both interest free and with no fixed repayment date.” — page 14
Per its FY2024 accounts as filed with the Charity Commission.

Accounts independently examined (not a full audit). Discloses 4 of 6 completeness components.

Policies the charity declares

In its annual return the charity told the Commission that it has the policies listed below. This is self-declared: it is not verified by the Commission or by this site, and it is not evidence of how a policy works in practice.

Property (HM Land Registry)

1 registered title in England and Wales held by the charity’s company or corporate body (1 freehold); recorded price paid £795k. All charity-held property. Contains HM Land Registry data © Crown copyright, OGL v3.0.

Public profiles (found on the charity’s own website): facebook

Trustees · trustee networks

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

Operates in: Lincolnshire · Nottinghamshire

Income and spending

Financial year endIncomeSpending
31/12/2024£92k£115k
31/12/2023£60k£110k
31/12/2022£36k£68k
31/12/2021£41k£56k
31/12/2020£67k£54k

Common questions

Is KADAMPA MEDITATION CENTRE NOTTINGHAM LIMITED financially healthy?

Per its FY2024 accounts: The accounts state that outgoing resources decreased to £23,471 from £49,910 in the prior year, resulting in a net expense for the period. The charity holds unrestricted funds of £357,905, which are held in an International Temples Project account to cover current running costs and future months. Trustees report that operating conditions are improving, with a substantial improvement in finances and liquidity since the year end. Its FY2024 accounts were independently examined.