INTERNATIONAL BUDDHIST PROGRESS SOCIETY (MANCHESTER)
The charity holds regular Sunday services, Monthly Lamp Offering Services and Special Dharma Services. It provides counselling on a variety of subjects and conducts Chinese courses. It also performs marriages and funeral services.
Objects
THE PROPAGATING OF BUDDHISM.
Financial health, per its FY2024 accounts
The accounts state that the charity generated a surplus of £134,348 on unrestricted funds, bringing the total unrestricted reserves to £484,447. The trustees note that the financial position is strengthened by restricted funds and advance donations, despite operational difficulties including having no bank account for half the year. The charity has a stated reserves policy target of £1,100,000, comprising a £1,000,000 fundraising target and £100,000 for one year's operational expenditure.
What the accounts disclose
“To ensure the charitable company can remain operational an unrestricted fund reserve equivalent to one year’s expenditure (excluding depreciation), approximately £100,000 in the current year will be required. This brings total reserve target to £1,100,000.” — page 8
Policies the charity declares
- Complaints handling
- Investment
- Risk management
- Volunteer management
Structured financials (annual return, FY ending 31/12/2023)
Trustees
- Rev Chueh Yann Shihchair
- Fong Goh Lee
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £437k | £307k |
| 31/12/2023 | £502k | £611k |
| 31/12/2022 | £240k | £122k |
| 31/12/2021 | £199k | £162k |
| 31/12/2020 | £125k | £669k |
Common questions
Is INTERNATIONAL BUDDHIST PROGRESS SOCIETY (MANCHESTER) financially healthy?
Per its FY2024 accounts: The accounts state that the charity generated a surplus of £134,348 on unrestricted funds, bringing the total unrestricted reserves to £484,447. The trustees note that the financial position is strengthened by restricted funds and advance donations, despite operational difficulties including having no bank account for half the year. The charity has a stated reserves policy target of £1,100,000, comprising a £1,000,000 fundraising target and £100,000 for one year's operational expenditure. Its FY2024 accounts were independently examined.
Charities like this
- INTERNATIONAL BUDDHIST PROGRESS SOCIETY (UK)
- NAN PING SPIRITUAL CULTIVATION ORGANIZATION OF THE UK
- COMMAND PRAYER CENTRE MINISTRIES INTERNATIONAL
- MANCHESTER BUDDHIST CENTRE
- BIRMINGHAM BUDDHIST CENTRE
- THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SAINT JOHN FARNCOMBE
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| INTERNATIONAL BUDDHIST PROGRESS SOCIETY (MANCHESTER) | £437k | — | 0 | unclear | — | no doubt |
| INTERNATIONAL BUDDHIST PROGRESS SOCIETY (UK) | £660k | — | 0 | above | — | no doubt |
| NAN PING SPIRITUAL CULTIVATION ORGANIZATION OF THE UK | £1.0m | — | 0 | unclear | — | no doubt |
| COMMAND PRAYER CENTRE MINISTRIES INTERNATIONAL | £209k | — | 0 | unclear | — | noted |
| MANCHESTER BUDDHIST CENTRE | £271k | — | 0 | above | — | no doubt |
| BIRMINGHAM BUDDHIST CENTRE | £427k | Under £60,000 | 0 | unclear | — | no doubt |