NAGARJUNA KADAMPA MEDITATION CENTRE
The principal activity of the charity is to promote the Buddhist faith through the activities of teaching, study, practice and the observance of moral discipline all within the Buddhist tradition of Je Tsongkhapa.
Objects
TO PROMOTE THE BUDDHIST FAITH
Financial health, per its FY2024 accounts
The accounts state that unrestricted reserves increased to £2,003,806, which is above the trustees' stated policy target of three months of overhead expenditure. The charity reported a net income surplus of £122,275 for the year, with total income rising to £832,350 against total expenditure of £710,075.
What the accounts disclose
“The Trustees consider that a level of free reserves should be retained in liquid funds equivalent to cover up to three months overhead expenditure.” — page 6
“Donations to other NKT centres 360 - 360 360” — page 12
“* Loan to KMC Plymouth” — page 14
“Donations to other NKT centres 360 - 360 360” — page 12
“* Loan to KMC Plymouth” — page 14
Policies the charity declares
- Complaints policy and procedures
- Conflicting interests
- Financial reserves policy and procedures
- Internal charity financial controls policy and procedures
- Internal risk management policy and procedures
- Risk management
- Safeguarding policy and procedures
- Volunteer management
Property (HM Land Registry)
Structured financials (annual return, FY ending 31/12/2024)
Trustees
- Aileen Glen
- Mary Estelle Cansdale
- Petronella Jennifer Georgina Finden
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £832k | £710k |
| 31/12/2023 | £730k | £668k |
| 31/12/2022 | £793k | £641k |
| 31/12/2021 | £711k | £570k |
| 31/12/2020 | £538k | £430k |
Common questions
Is NAGARJUNA KADAMPA MEDITATION CENTRE financially healthy?
Per its FY2024 accounts: The accounts state that unrestricted reserves increased to £2,003,806, which is above the trustees' stated policy target of three months of overhead expenditure. The charity reported a net income surplus of £122,275 for the year, with total income rising to £832,350 against total expenditure of £710,075. Its FY2024 accounts were independently examined.
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Community Fund | 05/03/2021 | £10k | Online mental well-being classes |