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TRIRATNA BUDDHIST COMMUNITY (WEST LONDON)

Registered charity 271591 · accounts filings on the Charity Commission register · also known as FRIENDS OF THE WESTERN BUDDHIST ORDER (WEST LONDON), WEST LONDON BUDDHIST CENTRE

Encouraging and providing facilities for practice and teaching of Buddhism and meditation, yoga and other bodywork. Offering retreats. School visits. Teaching meditation in local colleges and other institutions. Providing financial and other support for members of the Triratna Buddhist Order & other duly ordained Buddhists. Facilities for healing therapies. Bookshop. Library.

Causes: Religious Activities · Grant history (this charity is a funder) · website · Get email alerts

Latest income
£165k
Latest spending
£162k
Registered
1976
Accounts read
FY2023

Financial health, per its FY2023 accounts

The accounts state that the charity has been running a deficit for many years, with a net loss of £28,958 in 2023, although this was an improvement on the previous year. Per the trustees' report, reserves are running low, prompting a new recovery plan to eliminate the deficit by the end of 2024 through cost-cutting and increased income from room hire and donations. Despite the operational deficit, the charity remains in a good financial position overall due to owning its premises with no outstanding debt.

Automated summary of the FY2023 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Largest income source: Charitable Activities (43% of income)
“Charitable Activities 63,813” — page 7
Per its FY2023 accounts as filed with the Charity Commission.
Fundraising cost ratio: 0.0% of fundraised income, as disclosed
“Fundraising Costs 0) 0” — page 7
Per its FY2023 accounts as filed with the Charity Commission.
Reserves position: below the charity's own stated reserves policy (held: £69k; policy: three months of unrestricted expenditure)
“The charity has been running a deficit for many years and with our financial reserves running low we have needed to address this urgently.”
Per its FY2023 accounts as filed with the Charity Commission.
Going concern: noted by the trustees or auditor
“However, despite cash-flow/income issues and the ongoing deficit, the centre remains in a good financial position in terms of assets due to it owning the Buddhist Centre premises, with no outstanding debt.” — page 4
Per its FY2023 accounts as filed with the Charity Commission.
Related-party transaction: Trustees are recruited from within the spiritual community... Ordained into the Triratna Buddhist Order
“Trustees are recruited from within the spiritual community which the charity serves, and they must be actively practising Buddhists, either Ordained into the Triratna Buddhist Order or in the training process for Ordination into the Triratna Buddhist Order.” — page 2
“The centre provides financial support to members of Triratna Buddhist Order through employing some of them as part of the centre team” — page 3
Per its FY2023 accounts as filed with the Charity Commission.
Related-party transaction: Financial support provided to ordained members
“Trustees are recruited from within the spiritual community which the charity serves, and they must be actively practising Buddhists, either Ordained into the Triratna Buddhist Order or in the training process for Ordination into the Triratna Buddhist Order.” — page 2
“The centre provides financial support to members of Triratna Buddhist Order through employing some of them as part of the centre team” — page 3
Per its FY2023 accounts as filed with the Charity Commission.

Accounts independently examined (not a full audit). Discloses 4 of 6 completeness components.

Year-over-year changes

Comparing this charity’s FY2022 and FY2023 accounts as analysed by this site.

Public fundraising profile: JustGiving — West London Buddhist Centre (matched by registered charity number).

Public profiles (found on the charity’s own website): facebook · instagram

Trustees · trustee networks

Trustee list from the Charity Commission register (current, not historical).

Operates in: Throughout London

Income and spending

Financial year endIncomeSpending
31/12/2024£165k£162k
31/12/2023£114k£143k
31/12/2022£98k£139k
31/12/2021£116k£150k
31/12/2020£141k£160k

Common questions

Is TRIRATNA BUDDHIST COMMUNITY (WEST LONDON) financially healthy?

Per its FY2023 accounts: The accounts state that the charity has been running a deficit for many years, with a net loss of £28,958 in 2023, although this was an improvement on the previous year. Per the trustees' report, reserves are running low, prompting a new recovery plan to eliminate the deficit by the end of 2024 through cost-cutting and increased income from room hire and donations. Despite the operational deficit, the charity remains in a good financial position overall due to owning its premises with no outstanding debt. Its FY2023 accounts were independently examined.

Funders of similar charities

Funders whose accounts show grants to charities similar to this one (and no recorded grant to this charity) — a starting list for fundraisers.

FunderSimilar charities fundedAmount to them
THE WINDHORSE TRUST3£309k

Charities like this

Semantically similar by activities and financial character, from our analysed corpus. Compare with TRIRATNA BUDDHIST COMMUNITY IN BRISTOL.

Side by side with its peers

CharityIncomeTop pay bandStaff >£60kReserves vs policyFundraising costGoing concern
TRIRATNA BUDDHIST COMMUNITY (WEST LONDON)£165k——below0.0%noted
TRIRATNA BUDDHIST COMMUNITY IN BRISTOL FY2024£103k—0above—no doubt
TRIRATNA BUDDHIST COMMUNITY ( BRIXTON ) FY2024£113k—0unclear—noted
TRIRATNA BUDDHIST COMMUNITY SURREY FY2024£494k—0unclear—no doubt
BIRMINGHAM BUDDHIST CENTRE FY2025£427kUnder £60,0000unclear—no doubt
TRIRATNA CHAIRS' ASSEMBLY FY2025£199k—0unclear—no doubt

Each row is that charity’s latest analysed filing; every value is quote-backed on its own page.