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KADAMPA MEDITATION CENTRE (KMC) SOUTHAMPTON

Registered charity 1050611 · accounts filings on the Charity Commission register · also known as THEKCHEN BUDDHIST CENTRE

Teaching Buddhism and meditation classes, running retreats. Holding study programmes and selling Buddhist literature. Holding fund-raising and community building events. School visits and university talks. Giving support.

Causes: Religious Activities · website · Get email alerts

Latest income
£159k
Latest spending
£160k
Registered
1995
Accounts read
FY2024

Financial health, per its FY2024 accounts

The accounts state that the charity made a small loss of £896 for the year ended 31 December 2024, despite rising operational costs and lower class attendance. Free reserves stood at £64,698, which the Trustees consider sufficient to comply with their policy of covering unforeseen costs and monthly mortgage payments. The charity holds significant fixed assets valued at £1,458,939 but carries substantial long-term mortgage liabilities of £948,964.

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

What the accounts disclose

Reserves policy: sufficient free reserves held in bank accounts to cover any unforseen costs necessary to maintain the Centre building and cover the monthly mortgage costs (held: £65k)
“The policy throughout the period with regard to reserves has been to ensure that there are sufficient free reserves held in bank accounts to cover any unforseen costs necessary to maintain the Centre building and cover the monthly mortgage costs.” — page 5
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Trustees made aggregate donations
“Trustees made aggregate donations of 300 300 There were no other related party transactions”
Per its FY2024 accounts as filed with the Charity Commission.

Accounts independently examined (not a full audit). Discloses 5 of 6 completeness components.

Property (HM Land Registry)

5 registered titles in England and Wales held by the charity’s company or corporate body (0 freehold); recorded price paid £1.1m. All charity-held property. Contains HM Land Registry data © Crown copyright, OGL v3.0.

Trustees · trustee networks

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

Operates in: Dorset · Hampshire · Southampton City · West Sussex · Wiltshire

Income and spending

Financial year endIncomeSpending
31/12/2024£159k£160k
31/12/2023£167k£155k
31/12/2022£145k£140k
31/12/2021£80k£88k
30/04/2021£134k£107k

Common questions

Is KADAMPA MEDITATION CENTRE (KMC) SOUTHAMPTON financially healthy?

Per its FY2024 accounts: The accounts state that the charity made a small loss of £896 for the year ended 31 December 2024, despite rising operational costs and lower class attendance. Free reserves stood at £64,698, which the Trustees consider sufficient to comply with their policy of covering unforeseen costs and monthly mortgage payments. The charity holds significant fixed assets valued at £1,458,939 but carries substantial long-term mortgage liabilities of £948,964. Its FY2024 accounts were independently examined.