MANCHESTER BUDDHIST CENTRE
Manchester Buddhist Centre provides a place of peace in Manchester. We offer classes in meditation and Buddhism both for Buddhists and non-buddhists and, for those who ask for it, training for ordination. We welcome schools and community groups, having developed a reputation for excellence.
Financial health, per its FY2024 accounts
The accounts state that the charity ended the year with a surplus and total net assets of £786,691, with unrestricted reserves of £778,340. The trustees report that finances remain stable, supported by strong rental income and teaching fees, despite a reduction in business rental income. Cash holdings of £132,931 are noted to be double the amount required by the Charity Commission's reserves policy.
What the accounts disclose
“Fundraising & Dana £103,751 – 35%” — page 14
“Our Reserves Policy is to hold funds sufficient to cover three months’ operating costs” — page 15
Trustees
- Jeremy Bristolchair
- Ajay Gilbert
- Hatthaka Sanghadhara
- Helen Sullivan
- Jeff Cole
- Keith Green
- Rosemary Alison Cole
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £295k | £268k |
| 31/12/2023 | £276k | £268k |
| 31/12/2022 | £271k | £280k |
| 31/12/2021 | £241k | £256k |
| 31/12/2020 | £283k | £267k |
Common questions
Is MANCHESTER BUDDHIST CENTRE financially healthy?
Per its FY2024 accounts: The accounts state that the charity ended the year with a surplus and total net assets of £786,691, with unrestricted reserves of £778,340. The trustees report that finances remain stable, supported by strong rental income and teaching fees, despite a reduction in business rental income. Cash holdings of £132,931 are noted to be double the amount required by the Charity Commission's reserves policy. Its FY2024 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 | £336k |
Charities like this
- BIRMINGHAM BUDDHIST CENTRE
- JAMYANG BUDDHIST CENTRE
- BUDDHA LAND KADAMPA MEDITATION CENTRE LTD
- INTERNATIONAL BUDDHIST PROGRESS SOCIETY (MANCHESTER)
- THE LONDON BUDDHIST CENTRE
- STONEWATER ZEN CENTRE TRUST
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| MANCHESTER BUDDHIST CENTRE | £295k | — | 0 | above | — | no doubt |
| BIRMINGHAM BUDDHIST CENTRE | £427k | Under £60,000 | 0 | unclear | — | no doubt |
| JAMYANG BUDDHIST CENTRE | £804k | — | 0 | below | — | no doubt |
| BUDDHA LAND KADAMPA MEDITATION CENTRE LTD | £124k | — | 0 | above | — | no doubt |
| INTERNATIONAL BUDDHIST PROGRESS SOCIETY (MANCHESTER) | £437k | — | 0 | unclear | — | no doubt |
| THE LONDON BUDDHIST CENTRE | £2.0m | — | 0 | unclear | — | no doubt |