THE LONDON BUDDHIST CENTRE

Charity number: 255420
Charity reporting is up to date (on time)

Charity overview

Activities - how the charity spends its money

The London Buddhist Centre teaches meditation and Buddhism in a way that is relevant to contemporary western life. It is a non-proselytising public centre, open to all, with no expectation of Buddhist interest / involvement. The Breathing Space programme run by the Centre teaches Mindfulness Based Approaches to help prevent relapse into depression and addiction and to manage stress and anxiety.

Income and expenditure

Data for financial year ending 31 March 2024

Total income:
£1,955,057

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Donations and legacies £317.76k
Charitable activities £1.25m
Other trading activities £365.79k
Investments £20.75k
Other £0

Total expenditure:
£1,945,069

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Raising funds £360.28k
Charitable activities £1.58m
Other £0

-£40,279 investments gains (losses)

Charitable expenditure

Charitable expenditure

Some charities generate all, or a substantial part, of their income from investments which may have been donated to the charity as endowment or set aside by the charity from its own resources in the past. Such investments usually take the form of stocks and shares but may include other assets, such as property, that are capable of generating income and/or capital growth.

In managing their spending and investments charities need to strike a balance between the needs of future and current beneficiaries. They also need to take account of spending commitments that may stretch over a number of future years. To do this, charities will normally adopt an investment strategy designed to generate both income and capital growth. To maximise returns trustees may commit to investment strategies for several years.

Investments can experience large swings in value so trustees may, in a particular year, decide to realise and spend part of their charity’s capital or to invest part of its income.

By clicking the investment gains checkbox the charitable spending bar is adjusted to take account of capital growth as well as income. This shows the balance the charity is striking, between spending on current beneficiaries and retaining resources for future beneficiaries.

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Raising funds and other expenditure £360.28k
Charitable expenditure £1.58m
Retained for future use £9.99k

People

39 Employee(s)

9 Trustee(s)

250 Volunteer(s)

Employees with total benefits over £60,000

No employees have total benefits over £60k for this charity

Fundraising

No information available

Trading

This charity does not have any trading subsidiaries.

Trustee payments

One or more trustees receive payments or benefits from the charity for another benefit.

What, who, how, where

What the charity does:
  • Education/training
  • The Advancement Of Health Or Saving Of Lives
  • Religious Activities
Who the charity helps:
  • Other Defined Groups
How the charity helps:
  • Makes Grants To Individuals
  • Makes Grants To Organisations
  • Provides Services
Where the charity operates:
  • Essex
  • Kent
  • Throughout London

Governance

Registration history:
  • 20 June 1968: Standard registration
Organisation type:
Other
Other names:
  • THE LONDON BUDDHIST CENTRE (Working name)
  • FRIENDS OF THE WESTERN BUDDHIST ORDER (Previous name)
Gift aid:
Recognised by HMRC for gift aid
Other regulators:
No information available
Policies:
  • Bullying and harassment policy and procedures
  • Complaints handling
  • Complaints policy and procedures
  • Conflicting interests
  • Financial reserves policy and procedures
  • Internal charity financial controls policy and procedures
  • Investing charity funds policy and procedures
  • Paying staff
  • Risk management
  • Safeguarding policy and procedures
  • Safeguarding vulnerable beneficiaries
  • Serious incident reporting policy and procedures
  • Trustee conflicts of interest policy and procedures
  • Trustee expenses policy and procedures
  • Volunteer management
Land and property:
This charity owns and/or leases land or property

Trustees

Trustees are the people responsible for controlling the work, management and administration of the charity on behalf of its beneficiaries. Generally trustees are treasurer, chair, board member etc. The trustees are responsible for keeping this list up to date and can do this by updating their details as they happen through the online service

9 Trustee(s)

Name Role Date of appointment Other trusteeships Reporting status of other trusteeships
Sugati Alison Ticher Trustee 09 July 2024
None on record
Helen Sophia Burgess Trustee 20 June 2023
None on record
Gus Miller Trustee 14 February 2023
None on record
Robert Luis Crow-Mains Trustee 24 May 2022
None on record
Dr Dayanatha Showman Trustee 14 September 2021
TRIRATNA BUDDHIST COMMUNITY (WEST LONDON)
Received: On time
Jyotismati Weiss Trustee 28 January 2020
None on record
Claudine Edwards Trustee 03 April 2017
None on record
Sandra Turner Trustee 13 July 2015
None on record
Dr Paramabandhu Groves Trustee
FUTURE DHARMA FUND
Received: On time

Financial history

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Financial period end date

Income / Expenditure 31/03/2020 31/03/2021 31/03/2022 31/03/2023 31/03/2024
Total gross income £1.58m £1.21m £1.52m £2.23m £1.96m
Total expenditure £5.69m £974.00k £1.36m £1.66m £1.95m
Income from government contracts £43.50k £0 £44.65k N/A N/A
Income from government grants N/A £141.57k N/A N/A N/A
Income - Donations and legacies £255.88k £502.83k £266.08k £797.08k £317.76k
Income - Other trading activities £246.85k £108.72k £246.37k £257.18k £365.79k
Income - Charitable activities £1.06m £581.59k £992.79k £1.16m £1.25m
Income - Endowments £0 £0 £0 £0 £0
Income - Investment £16.90k £14.34k £15.60k £15.60k £20.75k
Income - Other £0 £0 £0 £0 £0
Income - Legacies £0 £0 £0 £590.00k £224.60k
Expenditure - Charitable activities £5.48m £798.62k £1.18m £1.47m £1.58m
Expenditure - Raising funds £209.37k £175.38k £179.87k £188.26k £360.28k
Expenditure - Governance £49.68k £57.22k £29.66k £40.57k £32.71k
Expenditure - Grants institution £43.29k £49.44k £0 £66.18k £87.01k
Expenditure - Investment management £0 £0 £0 £0 £84.83k
Expenditure - Other £0 £0 £0 £0 £0

Assets and liabilities

Definitions for assets and liabilities
Own use assets

These are assets, other than investments, which are held for more than 12 months and used to run and administer the charity such as buildings, offices, exhibits and fixtures and fittings.

Long term Investments

Investments are assets held by the charity with the sole aim of generating income which will be used for their charitable purposes such as deposit accounts, shares, rental property and unit trusts.
Investment assets are re-valued every year and included in the balance sheet at their current market value.
Long term investments are held for more than 12 months.

Other assets

These are assets held generally for less than 12 months such as cash and bank balances, debtors, investments to be sold within the coming year and trading stock.

Defined benefit pension scheme asset or liability

This is a surplus or deficit in any defined benefit pension scheme operated and represents a potential long-term asset or liability.

Total liabilities

These are all the amounts owed by the charity at the balance sheet date to third parties such as bills due but not yet paid, bank overdrafts and loans and mortgages.

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Asset / Liability 31/03/2020 31/03/2021 31/03/2022 31/03/2023 31/03/2024
Own use assets £3.49m £1.58m £3.82m £3.78m £3.99m
Long-term investments £556.00k £556.00k £567.00k £567.00k £966.69k
Other assets £913.31k £3.08m £979.15k £1.47m £779.94k
Defined benefit pension scheme asset or liability £0 £0 £0 £0 £0
Total liabilities £1.63m £1.44m £1.42m £1.30m £1.24m

Accounts and annual returns

This table shows the charity's record of submitting annual returns, accounts and trustees' annual report (TAR) for the last five financial periods.
Title Reporting year Date received Received Download
Annual return 31 March 2024 10 January 2025 On Time
Accounts and TAR 31 March 2024 10 January 2025 On Time
Annual return 31 March 2023 05 January 2024 On Time
Accounts and TAR 31 March 2023 05 January 2024 On Time
Annual return 31 March 2022 30 January 2023 On Time
Accounts and TAR 31 March 2022 30 January 2023 On Time
Annual return 31 March 2021 26 January 2022 On Time
Accounts and TAR 31 March 2021 26 January 2022 On Time
Annual return 31 March 2020 28 January 2021 On Time
Accounts and TAR 31 March 2020 28 January 2021 On Time
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Governing document

Details of the type of governing document the charity has and when it was established.
It is not the full text of the charity's governing document.

RULES ADOPTED 31ST MAY 1968 AS AMENDED ON 14TH JULY 1968, 12TH JUNE 1975, 19TH JULY 1977, 20TH AUGUST 1980, 1ST OCTOBER 1981, 16TH OCTOBER 1986, 7TH MARCH 1997, 12 MARCH 2007 AND 11 JULY 2007. as amended on 25 Jun 2018

Charitable objects

THE ADVANCEMENT OF THE BUDDHIST RELIGION: IN PARTICULAR 1. TO ENCOURAGE MEMBERS AND OTHERS TO LIVE IN ACCORDANCE WITH THE TEACHINGS OF THE BUDDHA. 2. TO SUPPORT ORDAINED MEMBERS OF THE WESTERN BUDDHIST ORDER AND OTHER DULY ORDAINED BUDDHISTS, AT THE DISCRETION OF THE COUNCIL OF THE FRIENDS OF THE LBC. 3) TO MAINTAIN CLOSE COMMUNICATION WITH AND WORK UNDER THE GUIDANCE OF THE WESTERN BUDDHIST ORDER AND IN CO-OPERATION WITH OTHER GROUPS WITH THE SAME OBJECTS. 4) TO USE APPLICATIONS OF THE BUDDHA'S TEACHING TO PROMOTE THE HEALTH AND WELL-BEING OF ALL.

Area of benefit

The area the charity can operate in, as set out in its governing document.

NOT DEFINED

Contact information

Address:
51 ROMAN ROAD
LONDON
E2 0HU
Phone:
02089811225
Email:
contact@lbc.org.uk
Website:

www.lbc.org.uk Open in new window