HARTRIDGE BUDDHIST MONASTERY TRUST

Registered charity 1142439 · accounts filings on the Charity Commission register · also known as HARTRIDGE BUDDHIST MONASTERY

To promote the teachings of the Buddha (Buddha Sasana), and to support the aged and necessitous and the doing of all such other things as are conducive to the attainment of that object

Causes: Religious Activities · website · Get email alerts

Latest income
£109k
Latest spending
£23k
Registered
2011
Accounts read
FY2024

Financial health, per its FY2024 accounts

The accounts state that unrestricted funds increased to £508,616, supported by a contingency reserve of £15,000 which the trustees consider represents approximately one year of core expenditure. The charity reported a net surplus of £85,591 for the year, with total incoming resources of £109,047 against charitable expenditure of £23,456. The trustees acknowledge their responsibilities for preparing financial statements that give a true and fair view, and the independent examiner reported no matters requiring attention.

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

What the accounts disclose

Reserves policy: approximately one year of core expenditure (held: £509k)
“The Trust holds a contingency reserve of £15,000, primarily to cover any sudden and major fall in voluntary income. This sum represents approximately one year of core expenditure, so it is thought that if a situation arose where either short or long term income seemed in doubt, the reserve would provide a period of between one to three years for the trustees to consider how best to proceed.” — page 5
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)

3 registered titles in England and Wales held by the charity’s company or corporate body (3 freehold). 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: Throughout England And Wales

Income and spending

Financial year endIncomeSpending
31/12/2024£109k£23k
31/12/2023£119k£30k
31/12/2022£122k£23k
31/12/2021£55k£24k
31/12/2020£43k£22k

Common questions

Is HARTRIDGE BUDDHIST MONASTERY TRUST financially healthy?

Per its FY2024 accounts: The accounts state that unrestricted funds increased to £508,616, supported by a contingency reserve of £15,000 which the trustees consider represents approximately one year of core expenditure. The charity reported a net surplus of £85,591 for the year, with total incoming resources of £109,047 against charitable expenditure of £23,456. The trustees acknowledge their responsibilities for preparing financial statements that give a true and fair view, and the independent examiner reported no matters requiring attention. Its FY2024 accounts were independently examined.