2024-10-31-accounts

Charity Registration No. 1155887 CompaDy Registration No. 08733953 (England and Wales) SRI SAMBODHI COMMUNITY DEVELOPMENT FOUNDATION TRUSTEES, REPORT AND UNAUDITED ACCOUNTS FOR THE PERIOD ENDED 31 OCTOBER 2024

Trustees, Report and Unaudited Accounts for the peri(Ml ended 31 October 2024 SRI SAMBODHI COMMUNITY DEVELOPMENT FOUNDATION Legal rdnd Administrative Inforniation Board of Trustees Rei, Boralande Wajiragnana Thero (The Chairn]an) Rev Muruddeniye Dhammardthana Thero Rev Dikwelle Upatisaa Thero Mr Suranimala Senaratne (The Secretary) Mr Don Ratnayaka (The Treasurer) Mr Sujith Dissanayake Mrs Chandani Kalugampitiya Charity Number 1155887 Company Number 08733953 Principal address 84 Dacre Road Plaistow London E13 OPR Bankers Bank of Ceylon l Devonshire Square London EC2M 4WD Registered Office 84 Dacre Road Plaistow London E13 OPR Page 2 of14

Trustees. Report and Unaudited Accounts for the period ended 31 October 2024 SRI SAMBODHI COMMUNITY DEVELOPMENT FOUNDATION Contents Page Trustees rep)rt Independent examiner's report Statement of financial activities 10 Balance sheet Board's approval 12 Notes to the accounts 13-14 Page 3 of 14

SRI SAMBODHI COMMUNITY DEVELOPMENT FOUNDATION Trustees, Report for the period ended 31 October 2024 The Trustees present their rewrt and accounts for the period O l November 2023 to 31 October 2024. The accounts have been prepared in accordance with the accounting policies set out in Nofr I to the accounts and comply with the Companies Act 2006 and the Statement of Recommended Practice 'Accounting and Reporting by Charities, issued in March 2005. Structure Governance and Mana ement The Charity is a company limited by guarantee and not hal'ing a share capital, established under a Memorandum and Articles of Association. incorporated on 15 October 2013. The Foundation was registered with the Charity Commission on 21 February 2014. The trustees, who are the directors for the pury)ose of company law, and who served during the period are: l. Rev B Wajiragnana Thero 2. Rev M Dhamarathana Thero 3. Rev D Upatissa Thero 4. Mr S Senaratne 5. Mr D D Ratnayaka 6. Mr S C Dissanayake 7. Mrs P C Kalugampitiya T￿￿teeS No. 1, 2, 3 and 4 are residents of Sri Lanka. The remaining three trustees are UK residents. None of the trustees have any beneficial interest in the company. All the trustees are members of the company and guarantee to contribute £ l in the event of a winding up. There are no indemnity provisions in place for the trustees. The trustees have assessed the major risks to which the Charity is exposed to and are satisfied that systems are in place to mitigate exposure to major risks. Page 4 of14

SRI SAMBODHI COMMUNITY DEVELOPMENT FOUNDATION Trustees, Re ort for the nod ended 31 October 2024 CODtinued Objective and Activities The Chari 's Ob'ectives: l . Advancement of the Buddhist faith and philosophy in accordance with the following doctrines: a) Theravadha Buddhist Scriptures b) Sutta Pitaka (Teachings) and Vinaya Pitaka (Discipline) Discourses c) Abhidhamma (higher doctrine; detailed analysis of all mental faculties and elements) preached by Gautama Buddha The charity will do this bs, propagating the Buddha's teachings locally, nationally and internationally through the Buddhist TV (https://wTr4v¥.Ihebuddhist.tvl). undertaking ceremonial activities and rituals on a regular basis and holding weekly DhaMn￿ (Buddha's teachings) talks, discussions, meditation sessions and retreats. 2. The prevention and relief of PK)verty anywhere in the world. by providing or assisting in the provision of education, training and healthcare projects, and providing necessary support for self-sufficiency. 3. The promotion of religious harniony for the benefit of the public by promoting knowledge, mutual understanding and respect for the beliefs of different religious faiths. This has been promoted by providing/participating in lectures. seminars. and workshops on the Buddhist faith and participating in Newham Borough schools" religious education programme. The trustees have paid due regard to guidance issued by the Charity Commission in deciding which activities the charity should undertake. The Foundation activities and events relate to the ear ended 31 October 2024- Rev Madugalle Mahanama Thero is the monk-in-charge (Viharadikari) of the temple. His role is to head the congregation and conduct worship. deliver sernions. chanting Buddha discourses and provide spiritual guidance and support for all visiting members of the community. His activities also include delivering sernions and chanting at other Buddhist temples and wisiting homes of members ofthe congregation. on invitation, to give blessings and for related spiritual activities. He is supported by monks visiting from Sri Lanka and other temples in the UK. Rei. Madugalle Mahanama Thero resides at the temple. He made a private visit to Sri Lanka for about three months in October and returned in February. The practice of live streaming of daily evening worship and other programmes conducted at the temple via Zoom during Covid has been so successful, that the practice has continued. The devotees now have a choice whether to participate in temple activities in person or remotely via Zoom. A majority of programmes conducted at the temple is live streamed via Zoom. In addition sern]ons by monks in Sri Lank& sponsored by devotees are also live streamed Via Zoom. During the year Rev Sooriyag(Kla Siridhamma Thero. Rev Tempitiye Indawimala Thero and Rev Kaluthara Mitta Thero arrived at the tcmple to observe 'Vas (rains retreat). They returned to Sri Lanka after the Kathina festival, which followed the end of Vas. Ven Boralande Vajiragnana Nayaka Thero (Chief Prelate, Chairnian of Sri Sambodhi Community Development Foundation) arrived specially for the Kathina festival and returned to Sri Lanka after the festival. In 2024 March. the sixth anniversary of the passing away of our Founder and the first Chairn]an, the Most Reverend Daranagama Kusaladharnma Nayaka Thero, was cornmemordted. On the l O of March there was a Page 5 of 14

special sermon from Sri Lanka in the morning, dana (lunch) for monks and a special Buddha worship in the evening by Rev Mahanama Thero from Sri Lanka. The event w&s attended in person by a several devotees, while some participated via Zoom. Vesak. which commernorates the Birth. Enlightenment and Passing Away of GauLqma Buddha was celebrated in May 2024. Poson, which commemorates the introduction of Buddhism to Sri Lanka by Arahant Mahinda Thero at Mihintale, in the third century B.C, was celebrated in June 2024, Esa1￿ which commemorates Buddha's preaching of his First Sermon, (The Setting in Motion of the Wheel of the Dhamma Sutta) and the arrival of Buddha's Tooth Relic in Sri Lanka was celebrated in July 2024. In addition to these specific events devotees observed 'eight-precepts' on Sundays nearest to the full moon day, each month. The full moon days in each month marks important events in the Buddhist calendar. Many devotees visited the temple throughout the da), to celebrate and to receive blessings for the New, Year (I st January), the Sri Lanka Independence Day (4th February) and Sinhala and Tamil New Year (14th April). There V¥ere special evening V¥orship programmes for each event. Vas from the full moon day in July (Esala) to the full moon day in October (Vap) was celebrated weekly with Sunday worship. During these months each Sunday worship was stK)nsored by a group of devotees. Vas culminated in a ceremony of the offering of a Kathina robe to a monk. The Kathina ceremony was held on 5 November on a grand scale. It was held in the temple and attended by the resident monks and over 20 monks from temples in the UK. The Foundation worked closely with the Newham Schools, Religious Education Advisor and continued to support local schools in their religious education. The visits by school children were not held due to the construction work at the temple. The Foundation took part in discussions with religious teachers. The Foundation provides opportunities to the devotees to help the community and some of the forest monasteries in Sri Lank& which experienced hardship. Several devotees of the temple provided financial assistance to temples and other institutions in Sri Lanka with development work and other activities and worked with organisations aiding the disabled and the poor. The religious school operated by the Foundation, which was started in 2015 did not function since Covid pandemic. Trustee meetings were limited to three during the year, as there were not many activities to report. Achievements and erforniance The monks conduct all the programmes and live at the property free of charge and are not paid a salary. They render a yeoman service io the community on a voluntary b&sis. Their welfare is being looked after by the devotees. The charity does not have any employees. All work is done by volunteers. At present the charity does not have any major fund raising events except that a small food fair with associated activities was held for the first time during the year. The charity does not receive any grant from any public or private organisations. Due to financial reasons the fund raising possibilities are being reviewed. The devotees of the Foundation donate funds which are used for the day to day running expenses and further development of the Foundation. The devotees also bring requisites for the monks and for the temple and provide breakfast and lunch for the Monks throughout the year. The Foundation Maintains a list of donors who contribute monthly by bank standing order. A Sp￿CIal fund has been set up to collect donations for the construction of the extension to the existing building. The construction work on the extension. which started in June 2021 progressed slowly due to the pandemic and difficulties in sourcing out building materials. The devotees have been steadily donating funds, within Page 6 of 14

their means, while various building regulations and procedures were complied with. It is scheduled to be completed by the end of August 2025. We are grateful to the man), devotees who have worked tirelessly, consistently and voluntarily for the benefit of the Foundation and its development. Page 7 of 14

SRI SAMBODHI COMMUNITY DEVELOPMENT FOUNDATION Trustees, Report for the period ended 31 October 2024 (continued) Financial Review Reserves The charity has very few fixed costs and has no need for reserves beyond a minimal level. The trustees consider that £ l 0,000 is adequate as free reserves at the present time. The charity currently holds much more than this amount. Results for the ear: In the period ended 31 October 2024. the Foundation had an excess of income over expenditure amounting to £ 82,639 Reserves carried forward amount to £ 468,450. The statement of Financial Activities on Page 10 summarises the incoming sources and main areas of expenditure. The Balance Sheet on Page I I shows the Charit), s assets and liabilities at 31 October 2024. It is the policy of the Charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month's expenditure. The trustees consider that reserves at this level will ensure thaL in the event of a significant drop in fimding, they will be able to continue the Charity's Cu￿ent activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the period. Donations by devotees for the construction work have continued but at a slower pace than in the previous year. The net income for the current year reflects this effect. On behalf of the Board of Trustees, D D Ratnayaka Trustee & Treasurer Dated: July 2025 Page 8 of14

SRI SAMBODHI COMMUNITY DEVELOPMENT FOUNDATION INDEPENDENT EXAMINER'S REPORT TO THE TRUSTELS OF SRI SAMBODH] COMMUNITY DEVELOPMENf FOUNDATION I rewjrt on the accounts of the Cbwity for the year ended 31 October 2024. which are set out on pages l O to The Charity's Tn￿CeS {who are also the di￿tr)r$ of the company for the purFA)ses of company law) are responsible for th¢ preparation of the acLx)unts. The Tr￿eeS consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 and that an inde￿t examination is needed. Having satisfied myself that the charity is not subject to an audit under Com￿lY law and is eligible for independent examinatioTh it is my responsibijity to: c￿￿mine the aLYounts under section 145 of the 2011 Acr. to follow the procedures laid down in the general Directions given by Clwity Con]mission under section 145(5XTr)) of the 2011 Act. and to state whether particular rnatters have come to my attentio My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the Charity and a comparison of the acwunts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts. and seeking explanations from you as Trustees ￿nCernIng any such matters. The procedures undertaken did not Lwver all the evidence that would be required in an audit. The report is limited to those matters set out in the next statement. In connection with my examinatioo no matter h&s come to my attention: which gives me reasonable cause to believe that in any material respttt the requirements: to keep accounting records in accordance with section 386 of the Companies Act 2006 and • to prepaTr accounts which accord with the a¢￿Unting records. rA)mply with the accounting requirements of section 396 of the Companies Aci 2Th)6 and with the methods and principles of the Ststement of Recommended Prnctice: Accounting and Rewting by Charities have not my opinion, attention should be drawn in order to enable a PTOW unde￿￿ng of the ya Dayarathna 113 Beaconsfield Road Canning Town London E16 4HT Dated: ' July 2025 Page 9 of 14

SRI SAMBODHI COMMUNITY DEVELOPMENT FOUNDATION STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE FOR THE PERIOD ENDED 31 OCTOBER 2024 2024 2023 Notes Ineoming resources from generated funds Donation and legacies 99,801 109,420 Resources expended GoN'ernance cost 17,162 18,084 Total resources expended 17,162 18,084 Iyet income for the year/ Iyet movement in funds Fund balance at 31 October 2023 82.639 91,336 385.811 294,475 Fund balance at 31 October 2024 468.450 385,811 The statement of financial activity also complies with the requirements for an Income and Expenditure Account under Companies Act 2006. Page 10 of 14

SRI SAMBODHI COMMUNITY DEVELOPMENT FOUNDATION BALANCE SHEET AS AT 31 OCTOBER 2024 2024 2023 Notes Fixed assets Tangible assets 977,894 882,851 Current Assets Debtors Cash in bank and in hand 18.000 14.127 32,127 3,037 21,234 24,271 Creditors: amounts falling due within one year (12,783) (12,200) Net current assets 19,3M 12,071 Total assets less liabilities 997,238 894,922 Creditors: amounts falling due after more than one year 10 (528,788) (509,111) Net assets 468.450 385.811 Income funds Restricted Funds Unrestricted funds i 0,000 458.450 468,450 i 0,000 375,811 385,811 The company is entitled to the exemption from the audit requirement contained in Section 477 of the Companie, Act 2006. for the period ended 31 October 2024. No member of the company has deposited a notice, pursuant t( section 476. requiring an audit of these accounts. The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply Vi'ith the Section 3 86 of the Aci and for preparing accounts which give a true and fair view of the state o affairs of the company as at the end of the financial year and of its incoming resources and application of resources. including its income and expenditure: for the financial Vear in accordance with the requirements of Sections 394 and 395 and which othenp¥'ise comply ￿'1th the requirements of the Companies Act 2006 relating tc accounts, so far as applicable to the company. Page 11 of 14

..TniMée ANI S¢¢rtlw.:'

SRI SAMBODHI COMMUNITY DEVELOPMENT FOUNDATION NOTES TO THE ACCOUNTS FOR THE PERIOD ENDED 31 OCTOBER 2024 l. Accounting policies 1.1 Basis of preparation The accounts have been prepared under the historical cost convention. The accounts have been prepared in accordance with applicable accounting sLqndards, the Statement of Recommended Practice, 'Accounting and Reporting by Charities, issued in March 2005 and the Companies Act 2006. 1.2 Tangible fixed assets and depreciation Tangible fixed assets other than freehold land are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life. No depreciation has been provided for additions made nearer the year end as the trustees are of the opinion that the additions were fitted towards the end of the accounting period and no depreciation is necessary. 2. Donations Ydnd legacies 2024 2023 Donations include donations for the new build 99,801 109,420 3. Total resources expended 2024 2023 Governance cost 17,162 18,084 There are no charges for accountancy fees during the year 4. Governance costs 2024 2023 Governance costs comprise: Professional and Registration fees Donations Other support costs 48 5260 11,854 17,162 211 4,513 13,360 18,084 Donations mainly include those made to monasteries in Sri Lanka to meet their operating costs in appreciation of the sernions given via Zoom. The scheme started during Covid-19 isolation period was found to be very beneficial to our congregation and thus it has been extended beyond Covid-19 isolation period. Page 13 of14

1. Trustees None of the trustees. or any person connected with them, received any remuneration during the period for services provided to the foundation.
2. Employees There were no employees during this period.
3. Tangible fixed assets Land Fixtures, and Fittings & Buildings Equipment Total Cost At l Nov 2023 Additions Disposal At 31 October 2024 907.609 87,967 24.132 9,073 931.741 97,040 995,576 33,205 1,028,781 Depreciation At 31 October 2024 29,731 21,156 50,887 Net book value At 31 October 2024 965,845 12,049 977,894
4. Debtors 2024 2023 Trade debtors 18,000 3,037
5. Creditors: amounts falling due within one year 2024 2023 Other creditors Accruals 12.783 12,200 12,783 12,200
6. Creditors: amounts falling due after more than one year 2024 2023 Other crediiors 528,788 509,111 Page 14 of 14