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2020-07-31-accounts

Annual Report 2019-2020

East London Buddhist cultural centre (ELBCC) also known as Lumbini Vihara is a UK registered charity (Registered number 1083830) under Charities act since November 2000.

This report reviews the activities of ELBCC from 09[th] November 2019 – 14[th] November 2020.

Administrative Information

The Chief resident monk Ven. Makure Mangala Thero will remain as the president of the charity as stated in the constitution amended in 2011.

The following office bearers were elected during the Annual General Meeting (AGM) held on 09/11/2019.

Vice President : • Mr Upul ekanayake • Mrs Suneetha Siriwardana Secretary : Mr Supun Nuranga Assistant Secretary : Mr Suba Fernando Treasurer : Mr Senerath Boralugoda Public relations officer : Mr Shamila De Silva Independent auditor : Mr Sarath Jayarathne Legal advisor : Mrs Ramani Gunasekara Financial advisor : Mrs Chandrika Rajakulathunga Committee members : • Mr Chinthaka Karunathilakalage • Mrs Kusum Pathirana • Mr Sujith Rasnayake • Mr Saman Jayarathne • Mr Udayasiri Weragama • Mrs Dinali Ambewatte • Mr Ranjeewa Alahakone • Mrs Nanda Karunanayake

Objectives of the charity include advancement of Buddhism per the philosophy and the teaching of Buddha, organising cultural and religious events. To achieve these objectives ELBCC organised various religious and cultural activities throughout the year.

Cultural activities

Religious Activities

• Other Activities

Sunday school is held on every Sunday at the temple premises which is catered to children. ELBCC Sunday school is recognised by the YMBA (Young Men’s Buddhist Association) of Sri Lanka. Sunday school which is run by volunteer teaching staff and the monks provides the opportunity to study and encouragement of the practice of Buddhism. Students who took Dhamma Abhidhamma Examination this year achieved an impressive 100% pass rate. With the beginning of the COVID – 19 pandemic Sunday school classes were cancelled until further notice.

• Standing Advisory council on Religious Education (SACRE)

Ven.Makure Mangala thero is a member of the SACRE for the London borough of Newham, where the local authority is advised on matters connected with religious education and collective worship.

• Ranaviru seva Authority scholarship fund

With the help of members, ELBCC sponsor 50 students in Sri Lanka whose parents have passed away or disabled who were once military and police personnel.

Supun Nuranga Secretary, ELBCC

EAST LONDON BUDDHIST CULTURAL CENTRE Annual Financial Report 31 July 2020

EAST LONDON BUDDHIST CULTURAL CENTRE Committee Infomiation President '. Ven Makure Mangala Secretary.. Mr Supun Nuranga Loku Enderage Treasure.. Mr Senaralh Boralugoda Trustees: Ven.. Makure Mangala Mr Methsiri Wijerathne Mr R A Wimalasekera Mr Palinda Samarasinghe Auditor Saralh Jayaratne BA{ Hon) FCCA Ex￿] Accounting Solutions 119 Belgrave Avenue Gidea Park Romford Essex RM2 6PS Bankers Lloyds TSB Bank Barclays Bank Bank Of Ceylon Charlty no". 1083830 Address 33 Maybury Road Plaistow London E138RZ

EAST LONDON BUDDHIST CULTURAL CENTRE Independent examiners report to the Trustees of EAST LONDON BUDDHIST CULTURAL CENTRE I report on the accounts of the Trust for the year ended 31 July 2020 which are sel out on the page 3- 6.my examination was carried out in accordan￿ with general directr.ons given by Charity Commissioners. An examinatiork includes a review of the accounts.ng record5 kept by the charity and a comparison of the accounts presented with those records. 11 a150 includes considerats.on of any unusual item5 or disclosures in the accounts and seeking explanation from you as Trustees concerning and such matters. In my examinab"on, no such matters of concem has come to my attenbon. In my opinion of the financial statements give true and fair view of the Chanty's income and expenditure for the year ended 31 July 2020 Sarath Jayaratne BAI Hon) FCCA 119 ￿r&¥eA￿ll1e Essex RM3 fjps Ex￿1 Accounbng Solut￿ns Accountants 119 Belgrave Avenue Gidea Park Romford Essex RM2 6PS 3 November 2¢T20

EAST LONDON BUDDHIST CULTURAL CENTRE Income and Expenses Account for the year ended 31 July 2020 2020 2019 Income 27,401 31,655 Other income Total Income 27,404 31,658 Expenses Travel expenses Rent, rates, tK)wer and insuran(* costs Repairs and renewals of prottty and equipment Telephone, fax, slalionery and other office costs Interest on bank and other loans Bank, Credit card and other finance charges Other expenses 745 7,928 7.175 1,488 3.439 211 2,619 750 9.367 2,741 1.110 2,735 259 2,699 Total Expenditure 23.605 19,661 Incorne Over Expenses 3,799 11.997

EAST LONDON BUDDHIST CULTURAL CENTRE Balance Sheet as at 31 July 2020 2020 2019 Fixed assets other fixed assets 293,433 293,433 Curront assets Bankjbuilding society balances 28.399 28,768 Current liabilities Other liabilities and accnjals 4,999 5.000 Net current assets 23.400 23,768 Loans due after more than one year (57.833) 162,0001 Net assets 259,000 255,201 Capital a¢¢ount Balan￿ at start of pericxj Nel profit 255.201 3,799 243,204 11,997 259,000 255,201

EAST LONDON BUDDHIST CULTURAL CENTRE Notes to the Accounts for the year ended 31 July 2020 2020 2019 Income Donation -Slanding Orders Donabon-other Donab'on Box Festival Income Gift Aid Tax Refund Other 15,318 2,465 1,056 3,435 5,126 14,574 2,623 8,520 5,937 27,401 31.655 Other income Interest r￿1Vable Car, van and travel expenses Travel expenses 745 750 Rent. rates. power and insurance costs Water and Counul Tax Light & Heal Fesival expenses Propety insumnce Hall& Stall hire Cleaning 2,546 4,081 175 896 2,463 3,105 1,422 896 1,481 230 7,928 9,367 Repairs and renewals of property and equlpment Repairs and maintellan 7.175 2,741 Telephone. fax. stationery and other office costs Telephone and fax Postage Stationery and printing Web3ile cost 1.102 100 1.065 45 1,488 1.110 Interest on bank and other loans Mortgage Interest 3.439 2,735 Bank. credlt card and other flnance charges Bank charges 211 259 Other expenses BOC Scholarships 2.619 2,699

EAST LONDON BUDDHIST CULTURAL CENTRE Notes to the Accounts for the year ended 31 July 2020 2 Other fixed assets 2020 2019 Premises - Freehold Building Propety Improvement 293,433 279,593 13,840 293,433 293,433
Minutes from the ELBCC Annual General Meeting
held on 09th November 2019
1. Observe five precepts and welcome speech
Ven. Makure Mangala thero Observed Pansil with the members who attended the
meeting. Then he welcomed all the members for the annual general meeting and
expressed his gratitude to everyone for working together for the benefit of the
community and the organization. He also acknowledged all the individuals who helped
to successfully organize cultural and religious programmes throughout the year.
2. Reading and adaptation of the minutes from the AGM 2018
Secretary Supun Nuranga circuited the minutes from the previous AGM which was held
on 24thNovember 2018
•
Ven.Makure Mangala Thero mentioned that the there is a spelling error and the
correct spelling for the second nomination for the Vice President should be Ven.
Pragrasree Sraman Thero.
Secretary acknowledge and corrections were made. Mr Methsiri Wijerathne Proposed
that the meeting minutes from the previous AGM were correct and was seconded by Mr
Upul Ekanayake.
3. Tabling Annual Report
Secretary Circulated the annual report which covered the period from 24thNovember
2018 till 09thNovember 2019.
•
As the fundraising events held during the year were missing from the annual
report Mr Palinda Samarasighe suggested adding theses to the annual report.
Mr Palinda Samarasinghe proposed the annual report to be correct and this was
seconded by Mr Upul Ekanayake.
4. Treasurer’s Report and Annual accounts
Treasurer, Mr Senarath Boralugoda, circulated the copies of annual financial report
which has been examined by the independent Auditor Mr Sarath Jayarathne.
•
Mr Borlalugoda informed the members that the sum in donation box include
money accumulated throughout the year in both the “donation box” and
“donation – other”
•
Mr Palinda Samarasinghe suggested any expenses for structural repairs could be
added to the balance sheet under fixed assets.
•
Furthermore, Mr Boralugoda informed the members that for the 2018 fiscal year
hall hire charges are included in the festival expense however for 2019 fiscal
year this has been noted as a separate expense for clarity.

Mr Sujith Rasnayake proposed the annual accounts to be correct and this was seconded by Mr Ranjeewa Alahakone.

5. Election of office bearers

Nominations for this year’s office bearers are as follow. Deadline for sending the nominations was on 26[th] October 2019.

As there were no nominations for the office bearers secretary suggesed that the same office bearers could be retained for the next year as they collaborated well to organize events during 2018-2019 period. As the members agreed Mr Ranjeewal Alahakone Proposed to retain the same office bearers for 2019-2020 and this was seconded by Mr Upul Ekanayake.

Therefore, the office bearers for the period 2019-2020 are as follow:

5.1 Two Vice presidents

5.2 Secretary

5.3 Assistant Secretary

5.4 Treasurer

5.5 Public Relations Officer

5.6 Committee members

5.7 Independent Auditor

5.8 Legal Adviser:

•
Mrs Ramani Gunasekara
7. Resolutions
Ven. Makure Mangala Thero informed the members that no notice has been received
for resolution and the members did not have any new proposals.
8. Any Other Business
•
Mr Alahakone enquired about increasing the number of committee members.
Mr Samarasinghe suggested that as this would require amending the
constitution this could be brought forward in writing as a resolution and a
special general meeting could be called to propose these resolutions.
•
Mr Alahakone also suggested that it would be beneficial to schedule a
committee meeting on every second Friday of each month.
•
Mr Samarasinghe suggested that it would be beneficial to submit the annual
report and the accounts to the bank as this would increase the transparency.
•
Mr Boralugoda enquired about Mr Wimalasekara’s trustee positions due to his
absence in the recent years. Mr Wijerathne and Mr Samarasinghe suggested
that a trustee meeting can be scheduled to discs this matter further.
•
Mr Alahakone enquired about the suggestions brough forward during previous
meetings in regard to applying gold leaf to the statue and constructions of the
sthupa. Ven. Mangala Thero mentioned that he would discuss with a fellow
monk about acquiring these from Thailand and a date can be scheduled where
members would have a opportunity to apply them to the statue. In regard to the
sthupa constructions, Ven. Mangala thero mentioned that a fibre structure can
be brought from Sri Lanka and he would discuss with Mr Pattapola to arrange a
date with the builders.
MeetingConcluded at 05.30PM

Supun Nuranga Secretary ELBCC