THE WORLD COMMUNITY FOR CHRISTIAN MEDITATION
Financial health, per its FY2024 accounts
The accounts state that the charity reported a net movement in funds of £150,010 for the year ended 31 December 2024, resulting in total unrestricted reserves of £480,740. Per the trustees' report, these unrestricted funds do not meet the charity's own policy target of maintaining six months' expenditure, as the policy target is not currently met. The trustees and auditors confirm that the charity has adequate resources to continue as a going concern.
What the accounts disclose
“The unrestricted funds not designated or invested in tangible assets held by the charity at 31 December 2024 were £470,179, not representing 6 months’ expenses.” — page 10
“During the period Fr. Laurence Freeman, one of the Trustees, was paid a salary of £64,211 (2023 - £77,885).” — page 36
“During the year three (2023 - one) Trustees made donations totaling £28,193 (2023 - £19,994) to the Charity.” — page 45
“The charity also transferred £107,580 (2023: 94,234) to its subsidiary in France during the year as a Contribution with Takeover rights.” — page 45
“During the year three (2023 - one) Trustees made donations totaling £28,193 (2023 - £19,994) to the Charity.” — page 45
“The charity also transferred £107,580 (2023: 94,234) to its subsidiary in France during the year as a Contribution with Takeover rights.” — page 45
“The group financial statements consolidate the accounts of World Community for Christian Meditation (WCCM) and an organisation under its control L’Association Pour La Défense, La Promotion Et La Protection De La Culture (The Association) and its subsidiary Société Civile Immobilière” — page 23
Structured financials (annual return, FY ending 31/12/2024)
Register events
- Received assets from another charity (18/07/2024)
Trustees
- Angelene Chan Li Chen
- BERTRAND BOUHOUR
- Fabrice Desmarescaux
- Father LAURENCE CHARLES FREEMAN OSB
- Janet Vivienne Robbins
- Mark Edward Hansen
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £2.3m | £2.1m |
| 31/12/2023 | £1.8m | £2.0m |
| 31/12/2022 | £1.3m | £2.0m |
| 31/12/2021 | £2.2m | £1.5m |
| 31/12/2020 | £3.6m | £1.4m |
Common questions
Is THE WORLD COMMUNITY FOR CHRISTIAN MEDITATION financially healthy?
The accounts state that the charity reported a net movement in funds of £150,010 for the year ended 31 December 2024, resulting in total unrestricted reserves of £480,740. Per the trustees' report, these unrestricted funds do not meet the charity's own policy target of maintaining six months' expenditure, as the policy target is not currently met. The trustees and auditors confirm that the charity has adequate resources to continue as a going concern. Its FY2024 accounts were audited by SCB (Accountants) Limited.