NAGARJUNA KADAMPA MEDITATION CENTRE

Registered charity 1039957 · accounts filings on the Charity Commission register · also known as NAGARJUNA BUDDHIST 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

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: Religious Activities · website · Get email alerts

Latest income
£832k
Latest spending
£710k
Registered
1994
Accounts read
FY2024

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.

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

What the accounts disclose

Reserves policy: three months of unrestricted expenditure (held: £2.0m)
“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
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Donations to other NKT centres
“Donations to other NKT centres 360 - 360 360” — page 12
“* Loan to KMC Plymouth” — page 14
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Loan to KMC Plymouth
“Donations to other NKT centres 360 - 360 360” — page 12
“* Loan to KMC Plymouth” — page 14
Per its FY2024 accounts as filed with the Charity Commission.

Accounts independently examined (not a full audit). Discloses 5 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)

2 registered titles in England and Wales held by the charity’s company or corporate body (2 freehold); recorded price paid £3.0m. All charity-held property. Contains HM Land Registry data © Crown copyright, OGL v3.0.

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

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

Total income
£832k
Total spending
£710k
Cost of raising funds
£122k
Reserves (reported)
£90k
Employees
12

Reported reserves equal ~1.5 months of spending — in the bottom quarter for charities its size (median 5.2 months; benchmarks).

Per its annual return, largest income source: Charitable activities (67% of income) — components as reported reconcile to the return’s total income; not from the accounts narrative.

Per its annual return, cost of raising funds: 14.6% of total income — in the top quarter for charities its size (median 4.9%) (benchmarks).

Trustees · trustee networks

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

Operates in: Bedford · Buckinghamshire · Central Bedfordshire · Coventry City · Leicester City · Leicestershire · Milton Keynes · Northamptonshire · Warwickshire

Income and spending

Financial year endIncomeSpending
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

Grants to this charity published as open data by government and lottery funders (360Giving).

FunderDateAmountPurpose
The National Lottery Community Fund05/03/2021£10kOnline mental well-being classes