RIGPA FELLOWSHIP
To advance Buddhist religion
Financial health, per its FY2024 accounts
The accounts state that the charity reported a net expenditure of £50,241 for the year, resulting in a decrease in total funds from £648,835 to £598,594. The trustees' report notes that an accounting deficit was anticipated for 2024 and 2025, but the budget for 2026 is projected to be more sustainable. The charity holds unrestricted reserves of £405,676, which the trustees deem prudent and sufficient to safeguard the long-term security of the charity.
What the accounts disclose
“The Trustees' intention continues to be to hold reserves to cover a minimum of six months of operating costs, holding sufficient reserves to safeguard the long-term security and future of the charity” — page 8
Trustees
- Daniel Amechi Nwume
- GREGORY MILLER BURNE
- Jonathan Hayward
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £149k | £199k |
| 31/12/2023 | £283k | £125k |
| 31/12/2022 | £98k | £82k |
| 31/12/2021 | £97k | £69k |
| 31/12/2020 | £118k | £127k |
Common questions
Is RIGPA FELLOWSHIP financially healthy?
Per its FY2024 accounts: The accounts state that the charity reported a net expenditure of £50,241 for the year, resulting in a decrease in total funds from £648,835 to £598,594. The trustees' report notes that an accounting deficit was anticipated for 2024 and 2025, but the budget for 2026 is projected to be more sustainable. The charity holds unrestricted reserves of £405,676, which the trustees deem prudent and sufficient to safeguard the long-term security of the charity. Its FY2024 accounts were audited by Armstrong & Co.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| ACHISOMOCH AID COMPANY LIMITED | 1 | £657k |
| HEICHAL HATORAH FOUNDATION | 1 | £355k |
| BEIS MENACHEM CHABAD LUBAVITCH | 1 | £102k |
| CHASDEI YITZOK CHARITIES LIMITED | 1 | £74k |
| THE CHRISTOPHER & KIRSTY JOHNSTON CHARITABLE TRUST | 1 | £65k |
| THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST JOHN THE BAPTIST, HARBORNE | 1 | £54k |
| MW (GK) FOUNDATION | 1 | £39k |
| THE WINDHORSE TRUST | 1 | £34k |
Charities like this
- THE BUDDHIST SOCIETY
- FRIENDS OF GALANTA
- YAD VEACHISOMOCH L'CHAIM
- THE FELLOWSHIP OF INDEPENDENT EVANGELICAL CHURCHES
- INTERNATIONAL NEPAL FELLOWSHIP
- FUTURE DHARMA FUND
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| RIGPA FELLOWSHIP | £149k | — | 0 | unclear | — | no doubt |
| THE BUDDHIST SOCIETY | £309k | — | 0 | within | — | no doubt |
| FRIENDS OF GALANTA | £727k | Under £60,000 | 0 | unclear | — | no doubt |
| YAD VEACHISOMOCH L'CHAIM | £834k | — | 0 | unclear | — | no doubt |
| THE FELLOWSHIP OF INDEPENDENT EVANGELICAL CHURCHES | £1.7m | — | — | unclear | — | no doubt |
| INTERNATIONAL NEPAL FELLOWSHIP | £713k | — | 0 | unclear | — | no doubt |