HARTRIDGE BUDDHIST MONASTERY TRUST
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
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.
What the accounts disclose
“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
Property (HM Land Registry)
Trustees
- Dr MAXIM ALEXANDER MACKAY-JAMESchair
- ANNE PATRICIA MARY WILLIAMS
- Charles Graves
- JULIAN WALL
- Penelope Barbara Wakefield-Pearce
- ROBERT HARRY WHITTLE
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 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.