Dāna Economy

Dāna is the Buddhist principle of generosity. As part of spreading the Buddha's teachings, we think it's important that we run our centre on the basis of dāna and aim to inspire a culture of giving.

All are classes are run by volunteers who aren't paid for the work they do. We don't charge for most of our classes, but simply ask you to donate whatever you can so we can cover our running costs.

This page provides an overview of our costs and income, as well as information about how to give. The centre is operated by our charity, The Triratna Buddhist Community (Colchester) and as a registered charity, our full accounts are available from The Charity Commission.

What It Costs

Projected monthly costs based on spending for our financial year ending June 2020.
£1,026
Wages and Support

Includes support for our two part-time Centre Managers as well as our Men's and Women's Mitra Convenors.

£866
Building loan repayments

Includes both the interest and repayments on the loans which were taken to purchase our building.

£694
Building works, equipment, repairs and maintenance

Includes structural repair work to the building as well as ongoing wear-and-tear maintenance and upkeep costs.

£559
Utilities and care-taking

Includes all utilities and hiring a cleaner and window cleaner, and our website costs. Also includes rent of the space used for running classes in Clacton.

£230
Kitchen, office and shrine keeping supplies

Includes all our Fairtrade tea, coffee and biscuits, cleaning supplies, shrine keeping supplies like flowers, candles and incense, and office stationary.

£163
Chair and Mitra Convenors meetings

Our Chair and Mitra Convenors attend national/international meetings several times throughout the year for a week each time.

£150
Insurances, fees, bank charges and accountancy costs

Includes everything needed to have the building open to the public, fees for safeguarding checks and other legal and accounting costs.

£36
Donated to other Triratna centres and projects

Almost every Triratna centre voluntarily donates a small amount of their surplus to help other Triratna projects.

£32
Advertising

Includes both online and print advertising which has proven effective for introducing new people to our centre.

Where It Comes From

The vast majority of our income is from the generosity of people who come to the centre. We also make a small amount from hiring the centre, running retreats and courses, and from bookshop sales.

2017 2018 2019
Donations + Gift Aid 30722 37045 36764
Hiring the Centre 5057 7755 6504
Retreats & Courses 3948 7790 3124
Other 222 52 526
Income from financial years ending June each year.

How You Can Help

We provide suggested donation amounts for our classes and events. If everyone gave these amounts, our costs would be covered, but those can’t afford this (or even anything), are just as welcome as anyone else. We hope that by encouraging you to give what you can those who are able to give more will help cover for those who can’t afford as much, and we can continue offering our classes free of charge.

One-Off Donations

Most people who come to our classes donate at the centre (we can take donations by cash or card). You can also make a donation online now

Standing Orders

Many people who attend the centre regularly choose to set up a monthly standing order as a more convenient way of giving than donating every time they come to the centre.

You can set up a standing order yourself using online or phone banking using these account details:

Account NameColchester Buddhist Centre
Sort Code08-90-31
Account Number50278714
BankThe Co-operative Bank

Or download and print a standing order form, fill it in, and we'll set it up for you. If you don't have a printer, you can pick up a form at the centre.

* These are suggested donation amounts only. All of the classes and events mentioned above are free of charge and giving to the centre provides no benefit.

Gift Aid

If you are a UK taxpayer, the value of your donation can be increased by 25% under the Gift Aid scheme at no extra cost to you. This makes a significant difference, so if this applies to you, please help us by completing a Gift Aid declaration.

Gift Aid My Donations Learn More