As a charity inspired by Buddhist values, we place great importance on showing our true fundraising costs and exactly how precious funds are used.
Our Financial Summary 2023
The combined income for Karuna UK, Germany (De) and USA for 2022-23 amounted to £3,427,876, representing an increase of £525,336 from the previous year and reflecting the sustained commitment and generosity of our supporters during financially challenging times.
Income from individual donors was £2,003,296 and £1,309,274 from Trusts and Institutions. £58,265 came from legacies and £40,801 from investment income. Direct fundraising costs across the charities accounted for 15% of income. We invested £521,362 in fundraising and a further £285,881 in administrative support for the UK, including costs of IT, financial processing, and communication. A further £72,382 was allocated to Governance costs across the three charities, a reduction year-on-year of £13,883.
During the year we were able to add £279,141 to our combined reserves. This included funds received by Karuna Germany from the EU for use in 2023/24 for a major new project tackling violence against women in India.
Looking ahead, our goal is to increase our combined income by 20% enabling us to extend our reach to more communities in need. This will require a focused effort to expand the organisation’s reach, deepen its impact and secure new funding. In all, we aim to commit £8.8 million towards achieving our programme goals over the next 3 years.
We would like to extend our heartfelt thanks to all our supporters for their steadfast commitment to our work with marginalised communities in India, Nepal and Bangladesh.
the year in figures