Kadampa Meditation Centre Glasgow
Latest income
£130k
Latest spending
£147k
Accounts read
FY2025
Financial health, per FY2025 accounts
The accounts state that unrestricted reserves decreased to £294,251 from £312,144 in the prior year, resulting in a net movement in funds of £(17,893). The Trustees confirm that the charity's reserves policy target of three to six months of unrestricted expenditure has been met at the balance sheet date. The charity continues to incur costs related to a property sale that has not yet completed, which has impacted overall finances.
What the accounts disclose
Related-party transaction: Loans from related charity
“Included within creditors falling due within one year is other loans totalling £370,000 (2024 - £370,000) from a related charity, New Kadampa Tradition - International Kadampa Buddhist Union.” — page 23
Per FY2025 accounts as filed with OSCR.