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

Monthly costs based on spending from our financial year ending June 2018.
£1,482
Building loan repayments

Includes both the interest and repayments on the loans which were taken to purchase our building. This coming year we are hoping to repay slightly more which will increase this to around £1,546 per month.

£1,086
Building works, equipment, repairs and maintenance

Last year our main expenses were structural work to the building, external signage, and a new water heater. We are projecting to spend less this coming year, approximately £662 per month.

£546
Utilities and care-taking

Includes all utilities and hiring a cleaner and window cleaner, and our website costs. This figure also includes rent of the space used for running classes in Clacton-on-Sea. This year we will spend about the same.

£192
Insurances, fees, bank charges and accountancy costs

Includes everything needed for the centre to be operating which includes insurances needed to have the building open to the public, fees for safeguarding checks and other legal and accounting costs. This year we will spend about the same.

£156
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 and printing costs. This year we will spend about the same.

£121
Chair and Mitra Convenors meetings

Our Chair and Mitra Convenors attend national/international meetings several times throughout the year for a week each time, the cost of attending is paid by the centre. This year we will spend about the same.

£114
Advertising

Includes both online and print advertising which has proven effective for introducing new people to our centre. This year we will spend about the same.

£33
Donated to other Triratna centres and projects

Almost every Triratna centre voluntarily donates a small amount of their surplus to help other Triratna projects such as new centres and central institutions. This year we hope to give about the same.

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.

Income from financial years ending June each year:

How You Can Help

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:

However, many people who attend the centre regularly choose to set up a monthly standing order. Many people find this more convenient than donating every time they come to the centre. Below are instructions for setting up a standing order. If you have had a standing order for a while, you might consider occasionally increasing the amount.

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.

Our suggested one-off donation amounts:
Short Classes & Groups

For example, Lunchtime Drop-In class, men’s/women’s groups, or Mitra study groups

£5
Longer Classes

For example, Newcomers Night, Dharma Morning or Saṅgha Night

£7
Whole Day Events

For example, festival days or study days

£12
Our suggested monthly donation amounts:
One Weekly Class

For example, just attending Newcomers Night, Dharma Morning or Saṅgha Night each week

£25
Regular Attendee

For example, attending a weekly class, plus a study group and the occasional festival day

£35

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.

Another way to give to the centre is to come to one of our volunteers work days to help with the work and maintenance needed to keep the centre looking beautiful and suitable for our classes and events.

Standing Orders

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

Account Name Colchester Buddhist Centre
Sort Code 08-90-31
Account Number 50278714
Bank The 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.

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.

Learn More