THE SCHOOL OF MEDITATION
Financial health, per its FY2023 accounts
The accounts state that the charity reported a net loss of £101,740 for the year, resulting in a decrease in total fund balances from £5,698,271 to £5,528,123. Despite this deficit, the trustees maintain that the charity has adequate resources to continue as a going concern. The charity's unrestricted reserves are held at £339,807, which is below the stated policy target of twelve months' expenditure.
What the accounts disclose
“It is the policy of the Charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to about twelve months' expenditure.”
Trustees
- Martin McNestrychair
- Angela Margaret Jackman
- Bernadette Patricia Lees
- David Mound
- Katherine Kindersley
- STEPHEN MANSFIELD ADAMSON
- Steven Wanstall
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £146k | £224k |
| 31/03/2024 | £152k | £158k |
| 31/03/2023 | £126k | £132k |
| 31/03/2022 | £133k | £124k |
| 31/03/2021 | £82k | £138k |
Common questions
Is THE SCHOOL OF MEDITATION financially healthy?
The accounts state that the charity reported a net loss of £101,740 for the year, resulting in a decrease in total fund balances from £5,698,271 to £5,528,123. Despite this deficit, the trustees maintain that the charity has adequate resources to continue as a going concern. The charity's unrestricted reserves are held at £339,807, which is below the stated policy target of twelve months' expenditure. Its FY2023 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE INTERNATIONAL BUDDHIST RELIEF ORGANISATION (I B R O) | 1 | £284k |