HARNHAM BUDDHIST MONASTERY TRUST

Registered charity 1126476 · accounts filings on the Charity Commission register

To promote the teachings of the Buddha (Buddha Sasana) by:a) Providing, maintaining and supporting in accordance with the principles of the Theravada Vinaya, residential establishments for a Monastic Sangha of persons who have undertaken the Rules of Training (Sikkhapada)b) Supporting lay people in the practise of the teachings of the Buddha

Objects

3.1 TO PROMOTE THE TEACHINGS OF THE BUDDHA (BUDDHA SASANA) BY:(A) PROVIDING, MAINTAINING AND SUPPORTING, IN ACCORDANCE WITH THE PRINCIPLESOF THE THERAVADA VINAYA, RESIDENTIAL ESTABLISHMENTS FOR A MONASTICSANGHA OF PERSONS WHO HAVE UNDERTAKEN THE RULES OF TRAINING(SIKKHAPADA); AND(B) SUPPORTING LAY PEOPLE IN THE PRACTICE OF THE TEACHINGS OF THE BUDDHA(C) SUCH OTHER MEANS AS MAY FROM TIME TO TIME BE DECIDED3-2 TO SUPPORT THE AGED AND NECESSITOUS/AND THE DOING OF ALL SUCH OTHER THINGSAS ARE CONDUCIVE TO THE ATTAINMENT OF THAT OBJECT

Area of benefit: UNDEFINED. IN PRACTICE, NATIONAL AND SCOTLAND.

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
£559k
Latest spending
£162k
Registered
2008
Accounts read
FY2024

Financial health, per its FY2024 accounts

The accounts state that the charity generated total income of £571,785 against charitable expenditure of £162,071, resulting in a net incoming resource of £409,703. The trustees report that free reserves were maintained at a level consistent with their policy target of three to six months' expenditure, supported by significant unrestricted fund balances. The trustees confirmed adequate resources for the foreseeable future, adopting the going concern basis without noting any material uncertainties.

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

What the accounts disclose

Reserves policy: three and six month's expenditure which equates to £40,000 - £80,000 (held: £2.1m)
“it is the policy of the trust 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 which equates to £40,000 - £80,000.” — page 4
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Trustee reimbursement of travel expenses
“None of the trustees (or any persons connected with them) received any remuneration during the year, but 1 of them was reimbursed a total of £69 (2023 :£144) travelling expenses.” — page 17
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)

5 registered titles in England and Wales held by the charity’s company or corporate body (4 freehold); recorded price paid £435k. All charity-held property. Contains HM Land Registry data © Crown copyright, OGL v3.0.

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

Total income
£572k
Total spending
£162k
Reserves (reported)
£38k
Employees
1

Reported reserves equal ~2.8 months of spending — below the median for charities its size (median 5.2 months; benchmarks).

Per its annual return, cost of raising funds: 0.0% of total income — below the median for charities its size (4.9%) (benchmarks).

Register events

Trustees · trustee networks

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

Operates in: Northumberland

Income and spending

Financial year endIncomeSpending
31/12/2024£559k£162k
31/12/2023£186k£174k
31/12/2022£146k£132k
31/12/2021£134k£150k
31/12/2020£83k£104k

Common questions

Is HARNHAM BUDDHIST MONASTERY TRUST financially healthy?

Per its FY2024 accounts: The accounts state that the charity generated total income of £571,785 against charitable expenditure of £162,071, resulting in a net incoming resource of £409,703. The trustees report that free reserves were maintained at a level consistent with their policy target of three to six months' expenditure, supported by significant unrestricted fund balances. The trustees confirmed adequate resources for the foreseeable future, adopting the going concern basis without noting any material uncertainties. Its FY2024 accounts were independently examined.