## **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 ch*ity's trustees, you are respvJn8lblg for the propar8tion of tha
accounts in atcc*dance 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