## **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** - 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** 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: - (a) ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and - (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 ￿p￿rRE 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 tru*ees, 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¥anynatK*n ￿ the Trusvs accounts carrted out under Sect￿ 145 of the 2011 Acl and in rMJt my exarrxnation. I hw•e frAk)wed dl the app￿Cab￿ Dirtttw)ns gr￿n by the Charity cornm￿0￿ undef S￿Ik)n 145(5)(b) oftt* l ￿e c(xnK4eted rry e￿I￿natIon. l that no materAt rnatt￿$ ccrfre to nry attentsn in cOnn￿tIc￿ wfjth ttE examinalty￿ gives rre cause to that in. any mater[31 respect 130 ofthe Charities Art or Ihè *counts a0￿d with the accountir¥J ren)rds; or Ihe xcounts dKI not comply with the applicable reqU￿ernents 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 eX￿Inst￿￿ to T*hi(*b aitenlton should be drd this report in order to enable a propw und*aThJiTrJ of the s￿ned. Ig £z Name: ANDINI SRIDARAN Relevant profe59iond qu41lficatk￿. Sc (Hon), FMAAT Addrnss: lTr￿AX LTD countants & Tax cor￿lItants 13, Cambridge Road, North Harrow i(kJlese& Harrow A2 7LA