MIDLANDS BUDDHIST ASSOCIATION
Latest income
£1.1m
Latest spending
£96k
Registered
1994
Accounts read
FY2025
Financial health, per its FY2025 accounts
The accounts state that unrestricted reserves stood at £6,528,867, which the trustees consider to be within their stated policy target of three to six months' expenditure. The charity reported total income of £1,079,077 and net income for the year of £982,971, with no employees and no material uncertainties affecting its going concern status.
What the accounts disclose
Reserves policy: three and six month’s expenditure (held: £6.5m)
“It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month’s expenditure.” — page 4
Per its FY2025 accounts as filed with the Charity Commission.
Structured financials (annual return, FY ending 31/03/2025)
Total income
£1.1m
Total spending
£96k
Cost of raising funds
£96k
Reserves (reported)
£0
Employees
0
Trustees
- Le Thi Dong
- QUI KIM HUYNH
- Sung Do
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £1.1m | £96k |
| 31/03/2024 | £530k | £49k |
| 31/03/2023 | £330k | £200k |
| 31/03/2022 | £813k | £215k |
| 31/03/2021 | £858k | £84k |
Common questions
Is MIDLANDS BUDDHIST ASSOCIATION financially healthy?
The accounts state that unrestricted reserves stood at £6,528,867, which the trustees consider to be within their stated policy target of three to six months' expenditure. The charity reported total income of £1,079,077 and net income for the year of £982,971, with no employees and no material uncertainties affecting its going concern status. Its FY2025 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE JD FOUNDATION | 1 | £561k |
| THE INTERNATIONAL BUDDHIST RELIEF ORGANISATION (I B R O) | 1 | £284k |
| THE DEO GLORIA TRUST | 1 | £4k |