Trustees’ Report for the period 01 January 2022 to 31 December 2022
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. 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
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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.
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b. to facilitate the conduct of regular acts of Buddhist devotional practices.
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c. to be a place where guided mindfulness-meditation is taught and practiced.
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d. to introduce and advance the level of public awareness of Buddhist history, art, sculpture, culture, festivals, and tradition.
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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.
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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
As in previous years, 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 Katina (marking the traditional end of the rainy season retreat), as well as marking the Sinhalese & Tamil New Year celebration in April.
Religious observations, sermons and meditation were carried out every Saturday after the monthly full moon days.
During the year another successful weekly meditation programme was carried out via Zoom - with many regular participants, led by the Chief Incumbent monk. These were recorded and are available on YouTube for public welfare.
Sunday schools for children were conducted weekly at Sheffield and Nottingham. Enhanced DBS checks & validation for all Sunday School lay teachers were carried out during the year.
On invitation, monks visited schools for religious discussions.
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.
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.
Vihara’s own charitable project “Athwela” (Joining Hands) aiding housing for the poor & the needy families in Sri Lanka was able to provide much needed funds through fund raising at the Sinhalese & Tamil New Year event and through a cricket festival.
The Vihara also made material contributions to the Food Bank, via its Nottinghamshire Hub at Hope, Boundary Road, Beeston.
Financial Report for year end 31 December 2022
Accounts for the year ending 31 December 2022 and Auditors’ Report are submitted simultaneous to this report.
Trustees are pleased to record that the outstanding mortgage on the Vihara property was paid off in full.
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 2022 and 31 December 2022.
Signed on behalf of the Board of Trustees
Ven. Amitha Teldeniyaye
Chief Incumbent and Lead Trustee
19[th] August 2023
Unaudited Financial Statements for the Year Ended 31 December 2022
for
SHANTHI VIHARA AND MEDITATION CENTRE
SHANTID VIHARA AND MEDITATION CENTRE
Contents of the Financial Statements for the Year Ended 31 December 2022
| Page | |
|---|---|
| Income Statement | 1 |
| Balance Sheet | 2 |
| Detailed Profit and Loss Account | 4 |
| Detailed Balance Sheet | 6 |
SHANTHI VIHARA AND MEDITATION CENTRE
| Income Statement | ||
|---|---|---|
| for the Year Ended 31 December 2022 | ||
| 31.12.22 | 31.12.21 | |
| £ | £ | |
| TURNOVER | 27,258 | 27,117 |
| Other income | 19 | |
| Depreciation and other amounts written off assets | (2,550) | (2,640) |
| Other charges | (12,149) | (9,397) |
| Taxation | ||
| PROFIT | 12,578 | 15,080 |
Page I
SHANTHI VIHARAAND MEDITATION CENTRE Balance Sheet
31 December 2022
| 31.12.22 | 31.12.21 | ||||
|---|---|---|---|---|---|
| £ | £ | ||||
| FIXED ASSETS | 112,293 | 114,843 | |||
| CURRENT ASSETS | 22,068 | 74,766 | |||
| NET CURRENT ASSETS | 22,068 | 74,766 | |||
| TOTAL ASSETS LESS CURRENT | |||||
| LIABILITIES | 134,361 | 189,609 | |||
| CREDITORS | |||||
| Amounts falling due after more than | |||||
| one year | 54,825 | ||||
| NET ASSETS | 134,361 | 134,784 | |||
| RESERVES | 134,361 | 134,784 |
NOTE 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 Charity Number: 1158024
Registered office: 523, Nuthall Road, Nottingham, NG8 5DG
Page2
continued...
SHANTID VIHARA AND MEDITATION CENTRE
Balance Sheet - continued 31 December 2022
The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 in accordance with Section 476 of the Companies Act 2006.
The director acknowledges responsibilities for:
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(a) ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
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(b) preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.
The financial statements have been prepared in accordance with the micro-entity provisions.
The financial statements were approved by the Board of Trustees and authorised for issue on 19 August 2023.
Page3
SHANTHI VIHARA AND MEDITATION CENTRE
Detailed Profit and Loss Account for the Year Ended 31 December 2022
| Turnover Covenenated /Regular Income Other Variable Income Gift Aid Tax Rebates Occasional Donations Fund Raising Events Other income Deposit account interest Expenditure Event Expenses Business Rates & Water Rates Insurance Light and heat Licenses Web Related Expenses Telephone Post and stationery Repairs and maintenance Sponsorship/Fees Sundry expenses Accountancy Donations Finance costs Bank charges Bank loan interest Carried forward |
3l.12.22 £ 15,900 200 11,158 2,059 1,420 1,794 308 645 290 1,759 360 3,025 91 398 |
3l.12.22 £ 15,900 200 11,158 2,059 1,420 1,794 308 645 290 1,759 360 3,025 91 398 |
3l.12.22 £ 15,900 200 11,158 2,059 1,420 1,794 308 645 290 1,759 360 3,025 91 398 |
£ 27,258 19 |
31.12.21 £ 15,380 90 6,426 1,980 3,241 |
£ 27,117 |
|---|---|---|---|---|---|---|
1,479 984 981 162 428 550 47 1,746 493 |
||||||
| 27,277 11,660 |
27,117 6,870 |
|||||
| 90 2,437 |
||||||
| 15,617 489 |
20,247 2,527 |
|||||
| 15,128 | 17,720 |
This page does not form part of the statutory financial statements
Page4
SHANTID VIHARA AND MEDITATION CENTRE
Detailed Profit and Loss Account for the Year Ended 31 December 2022
| Brought forward Depreciation Freehold property Plant and machinery Computer equipment NET PROFIT |
31.12.22 £ £ 15,128 31.12.21 £ 2,500 50 2,500 90 50 2,550- 12,578 |
£ 17,720 2,640 |
|---|---|---|
| 15,080 |
This page does not form part of the statutory financial statements
Page5
SHANTID VIHARA AND MEDITATION CENTRE
Detailed Balance Sheet for the Year Ended 31 December 2022
| FIXED ASSETS Work of Art Freehold property Fixtures and fittings Computer equipment CURRENT ASSETS Bank Account - 1 Bank Account - 2 Bank Account - 3 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES CREDITORS Amounts falling due after more than one year Bank loans more 5 yr by instal NET ASSETS RESERVES Other reserves Retained earnings |
31.12.22 £ 3,160 108,750 254 129 112,293 4,285 11,669 6,114 22,068 22,068 134,361 134,361 73,369 61,001 134,361 |
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) 134,784 86,361 48,423 134,784 |
This page does not form part of the statutory financial statements
Page 6
(HARITY COMMISSION FOR ENGIANO AND WIIES Independent examinerfs report on the accounts SHATrrrHI VIHARA AND MEDrrATION prRE On accounts for the year •nd•d 315t DECEMBER 2022 Charfty no 1158024 Set out on paq 14 R¢sponslbllltle5 •ftd basls of rt: I reFrfNt to the trLtslees on my ex2minalion ofthe accounts of the abtyrfe charity {Ihe Trusfi for the year ended 3111 December 2022. As the chartty's truees, ytyJ are SponsIble for the preparation of the aoEounts in accordance wth the requirements ofthe Charities Act 2011 rthe AQY). I report in resped of my e¥anynatKn the Trusvs accounts carrted out under Sect 145 of the 2011 Acl and in rMJt my exarrxnation. I hw•e frAk)wed dl the appCab Dirtttw)ns grn by the Charity cornm0 undef SIk)n 145(5)(b) oftt l e c(xnK4eted rry eInatIon. l that no materAt rnatt$ ccrfre to nry attentsn in cOnntIc wfjth ttE examinalty gives rre cause to that in. any mater[31 respect 130 ofthe Charities Art or Ihè counts a0d with the accountir¥J ren)rds; or Ihe xcounts dKI not comply with the applicable reqUernents conceming the fo content of acc(Junls set out in the Charitss {Accounts and Reports} Regulations 2008 other than any requirement that tho accounts give a 'true and fail view whlch not a trBtter consKJered as wt of an IndeFendent examination. with the eXInst to Thi(b aitenlton should be drd this report in order to enable a propw und*aThJiTrJ of the sned. Ig £z Name: ANDINI SRIDARAN Relevant profe59iond qu41lficatk. Sc (Hon), FMAAT Addrnss: lTrAX LTD countants & Tax corlItants 13, Cambridge Road, North Harrow i(kJlese& Harrow A2 7LA