THE RAMAKRISHNA VEDANTA CENTRE
Lectures and retreats are held on a regular basis at the centre. The meditation room is used for daily services, and for private prayer and contemplation. The bookshop has a large stock of books on Vedanta and related subjects. The centre provides support for the philanthropic work of other Ramakrishna Math and Mission centres.
Financial health, per its FY2024 accounts
The accounts state that the charity generated total income of £458,121 and incurred total expenditure of £369,414, resulting in a net income before investment gains of £88,581. Per the trustees' report, unrestricted funds at year-end amounted to £16,675,506, held primarily for continuing operations and specific designated schemes. The trustees maintain a reserves policy targeting 3 to 6 months of operational budget, with net current assets reported at £179,786.
What the accounts disclose
“It is the policy of the Board of Management to carry the minimum of reserves equivalent to 3 to 6 months of its operational budget.” — page 5
“There are three (2023: three) trustees who work at the Centre, their accommodation and food is provided for at the Centre.” — page 21
Structured financials (annual return, FY ending 31/12/2022)
Trustees
- Rev Swami Sarvasthanandachair
- Arjun Chandran
- Harendra Shah
- JOSEPH BERNARD WILCOX
- Jacqueline Alison Power
- MARK MAURICE BEDISH
- RATINDRA NATH DAS
- Rev SWAMI SHIVARUPANANDA
- SREEBHUSAN GHOSH
- Venkata Srikanth Anumula
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £458k | £370k |
| 31/12/2023 | £446k | £332k |
| 31/12/2022 | £597k | £497k |
| 31/12/2021 | £327k | £229k |
| 31/12/2020 | £304k | £273k |
Common questions
Is THE RAMAKRISHNA VEDANTA CENTRE financially healthy?
Per its FY2024 accounts: The accounts state that the charity generated total income of £458,121 and incurred total expenditure of £369,414, resulting in a net income before investment gains of £88,581. Per the trustees' report, unrestricted funds at year-end amounted to £16,675,506, held primarily for continuing operations and specific designated schemes. The trustees maintain a reserves policy targeting 3 to 6 months of operational budget, with net current assets reported at £179,786. Its FY2024 accounts were audited by Accumen Business Consultancy Limited.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| MOONDANCE FOUNDATION | 1 | £113k |
Charities like this
- Tara International Kadampa Retreat Centre LTD
- DEVOTIONAL ASSOCIATES OF YOGESHWAR
- BUDDHA LAND KADAMPA MEDITATION CENTRE LTD
- KRISHNA CYMRU
- THE DHARMA TRUST
- Vedanta Institute UK
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| THE RAMAKRISHNA VEDANTA CENTRE | £458k | — | 0 | unclear | — | no doubt |
| Tara International Kadampa Retreat Centre LTD | £591k | — | 0 | unclear | — | no doubt |
| DEVOTIONAL ASSOCIATES OF YOGESHWAR | £771k | — | 0 | above | — | no doubt |
| BUDDHA LAND KADAMPA MEDITATION CENTRE LTD | £124k | — | 0 | above | — | no doubt |
| KRISHNA CYMRU | £2.1m | — | 0 | unclear | — | no doubt |
| THE DHARMA TRUST | £794k | — | 0 | unclear | — | no doubt |