## **Trustees’ Report for the period 01 January 2021 to 31 December 2021** 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 (Resigned on 18 Nov 2021) Mr. Upul Bandara Mr. Priyantha Bandara Mr. Buddhika Epa Mr. Lalith Perera Mr. Rukman De Silva Accountants : Mintax Ltd, 13 Cambridge Road, North Harrow, Middlesex Harrow, HA2 7LA Bankers : Natwest, 134 Front Street, Arnold, Nottingham, NG5 7BF Santander, 63 Market Street, Loughborough, LE11 3ER ## **Structure, Governance & Management** Shanthi Vihara & Meditation Centre (“Vihara”) is governed by its Constitution. Trustees are elected in a biennial General Meeting. All registered members of the Vihara are invited to the General Meeting and elect the board of Trustees. Trustees are not paid and there are no other paid workers - the Vihara being totally reliant on volunteers. 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 to profoundly reflect on, Buddha’s teachings and to raise awareness and understanding of the principles of Buddhist philosophy and ethics amongst both professing Buddhists as well as 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 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) 2021 was a year with staged relaxations and tightening of COVID-19 restrictions. Always complying within the public guidelines, the Vihara was able to mark the notable religious occasions in the Buddhist calendar such as Vesak (May full moon day marking Buddha’s birth, enlightenment and the death), Poson (June full moon day marking the arrival of Buddhism in Sri Lanka) and Kathina (marking the traditional end of the rainy season retreat) - be it virtual, with restricted attendances allowed or with full attendance of devotees. - b) Sunday schools for children were conducted via Zoom, and so were most of the sessions. On invitation, monks visited schools for religious discussions. - c) While monks chant daily for the welfare of all living beings, they also performed specific chanting & blessings for those who visited the Vihara on their special occasions, such as commencement of schooling, examinations, employment, business, anniversaries etc. - d) Monks visited the homes of those devotees who wished to mark, especially death anniversaries at home, as well as visiting homes and hospitals to offer blessings, psychological & spiritual support for those who were critically ill. Additionally, monks performed religious rites to those who were on death bed and were present at funerals to conduct Buddhist religious rites. - e) The Vihara also made material contributions to the Food Bank. - f) The Biennial General Meeting was held on 31 July 2021. ## **Financial Report for year end 31 December 2021** Accounts for the year ending 31 December 2021 and Auditors’ Report are submitted simultaneous to this report. I, the chief incumbent monk, on behalf of the Board of Trustees of Shanthi Vihara and Meditation Centre hereby declare that this report is complete and accurate for the Vihara activities for the period between 01 January 2021 and 31 December 2021. Signed on behalf of the Board of Trustees Ven. Amitha Teldeniyaye Chief Incumbent and Lead Trustee 28[th] October 2022 **Financial Statements for the Year Ended 31 December 2021** **for** **SHANTHI VIHARA AND MEDITATION CENTRE** ## **SHANTHI VIHARA AND MEDITATION CENTRE** ## **Contents of the Financial Statements for the Year Ended 31 December 2021** ||**Page**| |---|---| |**Income Statement**|1| |**Balance Sheet**|2| |**Detailed Profit and Loss Account**|3| |**Detailed Balance Sheet**|5| ## **SHANTHI VIHARA AND MEDITATION CENTRE** ## **Income Statement for the Year Ended 31 December 2021** ||31.12.21|31.12.20| |---|---|---| ||£|£| |**TURNOVER**|27,117|25,774| |Other income|-|30| |Depreciation and other amounts written off assets|(2,640)|(2,844)| |Other charges|(9,397)|(19,287)| |Taxation|-|-| |**PROFIT**|15,080|3,673| Page 1 ## **SHANTHI VIHARA AND MEDITATION CENTRE** ## **Balance Sheet 31 December 2021** |**FIXED ASSETS**
**CURRENT ASSETS**
**CREDITORS**
Amounts falling due within one year
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
**CREDITORS**
Amounts falling due after more than
one year
**NET ASSETS**
**RESERVES**|31.12.21
£
£
114,843
74,766
-
74,766
189,609
54,825
134,784
134,784|31.12.20
£
£
117,483
44,969
(3,504)
41,465
158,948
155,275
3,673
3,673| |---|---|---| ## **NOTES TO THE FINANCIAL STATEMENTS** ## 1. **STATUTORY INFORMATION** SHANTHI VIHARA AND MEDITATION CENTRE is a Charity Organisation registered with Charity Commission for England and Wales. The charity registered number and registered office address are as below: ## **Registered number:** 1158024 **Registered office:** No 523, Nuthall Road, Nottingham, NG8 5DG ## 2. **AVERAGE NUMBER OF EMPLOYEES** The average number of employees during the year was NIL (2020 - NIL). continued... Page 2 ## **SHANTHI VIHARA AND MEDITATION CENTRE** ## **Detailed Profit and Loss Account for the Year Ended 31 December 2021** |**Turnover**
Covenanted /Regular Income
Other Operating Income
Other Variable Income
Gift Aid Tax Rebates
Occasional Donations
Fund Raising Events
**Other income**
Deposit account interest
**Expenditure**
Business Rates & Water Rates
Insurance
Light and heat
Licenses
Web Related Expenses
Telephone
Repairs and maintenance
Sponsorship/Fees
Sundry expenses
**Finance costs**
Bank charges
Bank loan interest
Carried forward|31.12.21
£
15,380
-
90
6,426
1,980
3,241
1,479
984
981
162
428
550
47
1,746
493
90
2,437|
£
27,117
-
27,117
6,870
20,247
2,527
17,720|31.12.20
£
16,470
632
-
-
8,672
-
1,469
483
1,028
160
-
637
4,432
3,105
3,769
90
4,114|
£
25,774
30
25,804
15,083
10,721
4,204
6,517| |---|---|---|---|---| This page does not form part of the statutory financial statements Page 3 ## **SHANTHI VIHARA AND MEDITATION CENTRE** ## **Detailed Profit and Loss Account for the Year Ended 31 December 2021** |Brought forward
**Depreciation**
Freehold property
Plant and machinery
Fixtures and fittings
Computer equipment
**NET PROFIT**|31.12.21
£
2,500
90
-
50|
£
17,720
2,640
15,080|31.12.20
£
2,500
90
254
-|
£
6,517
2,844| |---|---|---|---|---| |||||3,673| This page does not form part of the statutory financial statements Page 4 ## **SHANTHI VIHARA AND MEDITATION CENTRE** ## **Detailed Balance Sheet for the Year Ended 31 December 2021** |**FIXED ASSETS**
Work of Art
Freehold property
Plant and machinery
Fixtures and fittings
Computer equipment
**CURRENT ASSETS**
Bank Account - 1
Bank Account - 2
Bank Account - 3
**CREDITORS**
**Amounts falling due within one year**
Sundry creditors
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
**CREDITORS**
**Amounts falling due after more than one year**
Bank loans more 5 yr. by instal
Well Wishers' donations
Land & Buildings Acquisition B/F|31.12.21
£
3,160
111,250
-
254
179
114,843
36,680
1,991
36,095
74,766
-
74,766
189,609
(54,825)
-
-|31.12.20
£
3,160
113,750
90
254
229
117,483
18,575
3,601
22,793
44,969
(3,504)
41,465
158,948
(56,501)
(50,556)
(48,218)| |---|---|---| This page does not form part of the statutory financial statements Page 5 ## **SHANTHI VIHARA AND MEDITATION CENTRE** |**Detailed Balance Sheet**
**for the Year Ended 31 December 2021**
31.12.21
£
(54,825)
**NET ASSETS**
134,784
**RESERVES**
Other reserves
86,361
Retained earnings
48,423
134,784|31.12.20
£
(155,275)
3,673
-
3,673
3,673| |---|---| This page does not form part of the statutory financial statements Page 6 CHARITY (OMMISSION FOR ENGLAND AND WALES Independent examinerfs report on the accounts Report to the trusteeslmembefs of I SHA￿1 VIHARA AND mED￿ATION CENTRE 31° DECEMBER 2021 Charity no 1158024 On accounts for the year ended Set out on pages Responsibiliti•s and basis of report= I report lo the trustees on my examination of the account5 of the above charity 1.the Trust") for the year ended 31* D￿mber 2021. As the charity's trustees. you are responsible for the preparation of the a¢counls in accordance wrth the requirements of the Charities Act 2011 1.the Act") I report in respect of my examination of the Trust's accounts carried out under seth'on 145 of the 2011 Act and in carying out my examination. I have folk)wed all the applicable Directions given by the Charity Commission under sethn 14515llbl of the Act. Independent examinerfs statement . have completed my examination. I confinn that no material matters have come to my attenlKJn in connection with the examination which gives me cause to believe that in, any material respect". the accounting Tecords were not kept in accordance with section 130 of the char￿e5 Act". or the xcounts did not 8ceord ¥￿th the ac￿Untrng records., or the accounts did not compty with the app11cable requirements conceming the form and conlenl of aceount5 sel out in tre Charibes (Accounts and Reports) Regulations 2008 other than any requirement that the a¢xounls give a 'true and fairf view which is not a matter considered as part of an independent examination. I have no concems and have come a¢ross no other matters in connectson wrth the examination to which attention should be drawn In this report in order lo enable a proper understanding of the accounts to be reached. Signed.. Date: 3111012022 Name: ANDINI SRIDARAN Relevant professional qualbficati<)n: .k (Hon), FMA4T Addrtss.. MIWAX LTD k4ccountsnts & Tax Consultants 113, Cambridge Road, North Harrow ',Middlesex, Harrow Pa8e'. I