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THERAVADA MONASTIC TRUST

Registered charity 1127588 · accounts filings on the Charity Commission register · also known as MOSTEIRO BUDISTA THERAVADA, PORTUGUESE THERAVADA BUDDHIST MONASTIC TRUST, THE PORTUGUESE THERAVADA BUDDHIST MONASTIC TRUST

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Latest income
£1.1m
Latest spending
£1.1m
Registered
2009
Accounts read
FY2024

Financial health, per its FY2024 accounts

The accounts state that the charity held total unrestricted and restricted reserves of £204,876 at the end of the financial year, an increase from £156,294 in the prior year. The trustees confirm there are no material uncertainties regarding the entity's ability to continue as a going concern. The charity reported a net movement in funds of £48,582, driven by charitable expenditure of £1,069,215 against total income of £1,118,191.

What the accounts disclose

Reserves policy: does not seek to build Reserves (held: £205k)
“Therefore, the TMT does not seek to build Reserves as it does not provide direct services.”
Per its FY2024 accounts as filed with the Charity Commission.

Accounts independently examined (not a full audit). Discloses 4 of 6 completeness components.

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

Total income
£1.1m
Total spending
£1.1m
Reserves (reported)
£0
Employees
0

Reported reserves equal ~0.0 months of spending — in the bottom quarter for charities its size (median 4.8 months; benchmarks).

Trustees

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

Operates in: Hertfordshire · Italy · Portugal · United States

Income and spending

Financial year endIncomeSpending
31/12/2024£1.1m£1.1m
31/12/2023£91k£156k
31/12/2022£7k£5k
31/12/2021£54k£11k
31/12/2020£18k£64k

Common questions

Is THERAVADA MONASTIC TRUST financially healthy?

The accounts state that the charity held total unrestricted and restricted reserves of £204,876 at the end of the financial year, an increase from £156,294 in the prior year. The trustees confirm there are no material uncertainties regarding the entity's ability to continue as a going concern. The charity reported a net movement in funds of £48,582, driven by charitable expenditure of £1,069,215 against total income of £1,118,191. Its FY2024 accounts were independently examined.