Trustees Report for the period 1[st] January 2020 to 31[st] December 2020
Charity Name : Shanthi Vihara & Meditation Centre Charity Registration : 1158024 Charity Address : No 523, Nuthall Road, Nottingham, NG8 5DG Trustees for the Period : Venerable Amitha Teldeniyaye Mr. Ravi Sanjeewa Mr. Thejana Punchihewa Mr. Upul Bandara Mr. Priyantha Bandara Mr. Buddhika Epa Mr. Lalith Perera Accountants : Mintax Ltd, 13, Cambridge Road, North Harrow, Middlesex Harrow, HA2 7LA Bankers : Natwest, 75, Main Street, Bulwell, Nottingham, NG6 8QP Santander, 63 Market Street, Loughborough, LE11 3ER
Structure Governance and Management
The Shanthi Vihara and Meditation Centre (hereafter termed as “Vihara”) is governed by its Constitution and its trustees are selected in a General Meeting held every two years, for a tenure of two years. All registered members of the Vihara are invited to attend this meeting and elect the trustees. There are no paid workers, and the Vihara totally relies on volunteers. The trustees meet regularly to plan events and to oversee the running of the Vihara.
The Principal Aims and Objectives
-
a) to promote the study of, and reflection on, the teachings of the Buddha, and to raise awareness and understanding of the principles of Buddhist philosophy and ethics among both professing Buddhists as well as among other members of the general public who wish to pursue an interest in such matters.
-
b) to facilitate the conduct of regular acts of Buddhist devotional practices.
-
c) to be a place where guided mindfulness-meditation is taught and practiced.
-
d) to introduce and advance the level of public awareness of Buddhist history, art, sculpture, culture, festivals and tradition.
-
e) to strive to promote greater understanding and integration within the local and regional communities, of which the Vihara and its members constitute an integral part;
-
f) in keeping with the Buddhist principles of compassion for all sentient beings, to work both locally and internationally for the alleviation, to the highest practicable extent, of suffering, disadvantage and deprivation arising from social and/or economic circumstances or resulting from natural or man-made disasters.
Activities and Main Achievements
-
a) Completion of monthly (January & February only in 2020, due to COVID-19 lockdowns & restrictions) religious observations on the full moon (‘pöya’) days, or at the closest weekend to these respective dates, that was practical and convenient for the devotees.
-
b) Virtually celebrated the annual Buddhist landmarks - Full moon day in May (‘Vesak pöya’ day) and the full moon day in June (‘Poson pöya; day), and abandoning the other usual landmarks, due to COVID-19 restrictions.
-
c) Completion of the weekly special programmes over the rainy retreat period (‘Vassana’) and completion of the special ceremony to mark the end of this period (‘Kathina’) - strictly adhering to restrictions as specified by Public Health England between July & October 2020.
-
d) Continuation, virtually, of meditation sessions every Saturday.
-
e) Sunday schools in Nottingham and Sheffield had to be cancelled due to COVID-19 restrictions, but some sessions were conducted online using Zoom technology.
-
f) Under strict allowances afforded by Public Health England to builders and tradesmen during COVID-19 restrictions, much needed essential repairs and renovations were carried out to the Vihara premises.
Financial Report
The Vihara is mainly funded by regular direct debit donations, other donations and funds raised during fund raising events/activities. These cover all day to day running costs. The only outstanding debt is the mortgage and is now down to £ 56,501. Current reserves of the vihara total £ 51,891.
I, the chief incumbent monk, on behalf of the board of trustees of the Shanthi Vihara and Meditation Centre hereby declare that this report is accurate and complete for the vihara activities for the period 1[st] January 2020 to 31[st] December 2020.
Signed on behalf of the Board of Trustees
Ven. Amitha Teldeniyaye
Chief Incumbent and Lead Trustee
28[th] October 2021
SHANTHI VIHARA & MEDITATION CENTRE
Summary of Accounts for year ended 31[st] December 2020
| Income and Expenditure Account | Income and Expenditure Account | |
|---|---|---|
| All Values in GBP | ||
| Income | 2020 | 2019 |
| Regular Income | ||
| Covenanted Donations | 16,470 | 11,470 |
| Gift Aid Tax Rebates | - | - |
| Other Regular Income | - | - |
| 16,470 | 11,470 | |
| Variable Income | ||
| Occasional donations | 8,672 | 5,410 |
| Fund-raising events | - | 19,014 |
| Other variable income | - | 2,200 |
| 8,672 | 26,624 | |
| Interest received | 30 | 36 |
| Other Operating Income | 632 | 632 |
| Total Income | 25,804 | 38,763 |
| Expenditure | ||
| Overhead Expenses | ||
| Mortgage | 4,114 | 4,249 |
| Council Tax | 939 | 981 |
| Water Rates | 530 | 1,433 |
| Insurances | 483 | 483 |
| Gas usage | 672 | 1,385 |
| Electricity | 356 | 1,038 |
| Telephones | 637 | 403 |
| TV License | 160 | 178 |
| 7,891 | 10,150 | |
| Variable Expenses | ||
| Fund-raising expenses | - | 11,472 |
| Travel costs | - | - |
| Building Maintenance | 4,432 | - |
| Sponsorship/ Fees | 3,105 | 504 |
| Sundries | 3,769 | - |
| 11,306 | 11,976 | |
| Depreciation | ||
| Works of Art | - | - |
| Land & Buildings | 2,500 | 2,500 |
| Other Equipment | 90 | 90 |
| Furniture | 254 | 254 |
| 2,844 | 2,844 | |
| Bank Charges | 90 | 90 |
| Total Expenditure | 22,131 | 25,060 |
| Net Surplus/(Deficit) | 3,673 | 13,703 |
Page: 1
SHANTHI VIHARA & MEDITATION CENTRE
Summary of Accounts for year ended 31[st] December 2020
Balance Sheet
| Balance Sheet | |
|---|---|
| Fixed Assets At Cost Works of Art Land & Buildings Computer Equipment Other Equipment Furniture Kitchen & Catering Equipment Accumulated Depreciation Works of Art Land & Buildings Computer Equipment Other Equipment Furniture Kitchen & Catering Equipment Net Book Value (NBV) Works of Art Land & Buildings Computer Eqmt Other Eqmt Furniture Kitchen & Catering Eqmt Total Fixed Assets (NBV) Current Assets Accrued Income Cash at Bank-Santander Cash at Bank-Natwest Cash at Bank-NW Reserve Total Current Assets Current Liabilities Falling due after one year Bank Loans Well Wishers' Loans/ donations Deferred Capital Donations Transfers to P&L A/c Total Current Liabilities Net Assets |
2020 2019 3,160 3,160 125,000 125,000 329 329 450 450 1,270 1,270 900 900 |
| 131,109 131,109 - - -11,250 -8,750 -100 -50 -360 -360 -1,016 -1,016 -900 -900 |
|
| -13,626 -11,076 3,160 3,160 113,750 116,250 229 279 90 90 254 254 0 0 |
|
| 117,483 120,033 |
|
| 0 0 18,575 13,976 3,601 3,778 22,793 20,243 |
|
| 44,969 37,996 |
|
| -56,501 -59,000 -50,556 -50,556 |
|
| -107,057 -109,556 -6,030 -6,030 2,526 2,526 |
|
| -110,561 -113,060 |
|
| 51,891 44,969 |
Page: 2
SHANTHI VIHARA & MEDITATION CENTRE Summary of Accounts for year ended 31[st] December 2020
Reserves
| Reserves | |
|---|---|
| Income & Expenditure Account for Application to Land & Buildings Acquisition B/F Total |
2020 2019 -3,673 -13,703 -48,218 -31,266 |
| -51,891 -44,969 |
Page: 3
CHARITY COMMISSION FOR GLAND AND WALES Independent examinerfs report on the accounts Report to the trle•s1M•mbe18 SHAlI VIHARA AND mEDATION Tr[[RE On accounts for the year ended 315t DECEMBER 2020 ChaTIty no 1158024 Set out on pag•• 14 RMportalt>llllles and b••l• ol r•wrt: I report to the trustees on my examinatton of the au1$ of the abov8 (arity fthe Trusf) lor the year ended 3111 December 2020. As th8 chity's trustees, you are respvJn8lblg for the propar8tion of tha accounts in atccdance 7Aryth the wu5remenls of Ch8rities Act 2011 rthe W. I rOwt in Tespect of my examlnatlon of the Trusvs accounts canled ¢Jut under section 145 of the 2011 Acl a1 Sn corrylng (xrt my examin8tlon. I followed all the 8pplThble Dlrections glven by ts Charity Commiss)n ueT geclh)n 1445}Ibl of tho A¢L Ind•Adnt oxamln•rf• •t•t•m•nt: I Ikive c(&eted my gxamlnation. I conffirm that no materlal matters have come to my attention In c£nrAction with the ey8minatM whkh me cau8e to believe that In, any matertal reupect.. the 8ccounting reGord# wore not k•pt In A(ordan¢o wllh 8ection 130 of Ihe Charitiés Act: lx the ac03unts not accord wlth the accounttng rècord8: or ae¢ounls did not comply the applkable requirements ¢onceming the fomi and conlenl of accounts set out in tho Charittes (Aco)unts gnd Rep(xl81 ReguLglknns 20 08 othèr thon ary requirwEnt that tha wunts glve a 'tru8 and fairf view whlch 18 not a m*ter con8idwed as of an kndepwthnt examinatlon. I twe no ccrfKem8 ond hDvg ccrn acro88 no 0r matters in Cne¢1 wilh the ex7mlnatlon to whkh attention slthld be drawn this rekxxl In order lo enabl• • prOr underslandlrlg of the Slgn•d: 27th October 2021 DINI SRtDAIL4N Sc (Hon), FMAAT INTAX LTD untsnts & Tax ConyJltants 3, Cambridge Road, North Ham)w i(klle5w Harr 7LA Page: I