Charity Accounts Intelreading the accounts so you don’t have to

KAILASH BUDDHIST CENTRE

Registered charity 1084385 · accounts filings on the Charity Commission register · also known as KBC

To promote the Buddhist faith

Causes: Education/training · The Advancement Of Health Or Saving Of Lives · Religious Activities · website · Get email alerts

Latest income
£79k
Latest spending
£81k
Registered
2001
Accounts read
FY2024

Financial health, per its FY2024 accounts

The accounts state that the charity reported a net expenditure of £1,922 for the year ended 31 December 2024, resulting in unrestricted reserves of £204,775. The trustees acknowledge a material uncertainty regarding the charity's ability to continue as a going concern due to a bank loan awaiting formal property valuation. Despite this risk, the trustees maintain a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future.

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

What the accounts disclose

Reserves policy: three months’ running costs (held: £205k)
“It is the policy of the charitable company to maintain unrestricted funds which are free reserves at a level to cover three months’ running costs should in not receive any further income.” — page 5
Per its FY2024 accounts as filed with the Charity Commission.
Going concern: material uncertainty disclosed
“However, as the report has not yet been received there is material uncertainty relating to the events or conditions that may cast significant doubt on the charity's ability to continue as a going concern and, therefore, that it may be unable to realise its assets and discharge its liabilities in the normal course of business.” — page 10
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)

1 registered title in England and Wales held by the charity’s company or corporate body (1 freehold). 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

Trustees · trustee networks

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

Operates in: Wirral

Income and spending

Financial year endIncomeSpending
31/12/2024£79k£81k
31/12/2023£67k£61k
31/12/2022£57k£61k
31/12/2021£53k£60k
31/12/2020£55k£64k

Common questions

Is KAILASH BUDDHIST CENTRE financially healthy?

Per its FY2024 accounts: The accounts state that the charity reported a net expenditure of £1,922 for the year ended 31 December 2024, resulting in unrestricted reserves of £204,775. The trustees acknowledge a material uncertainty regarding the charity's ability to continue as a going concern due to a bank loan awaiting formal property valuation. Despite this risk, the trustees maintain a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Its FY2024 accounts were independently examined.