2023-12-31-accounts - Shanthi Vihara And Meditation Centre

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Trustees’ Report for the period 01 January 2023 to 31 December 2023

Charity name Shanthi Vihara & Meditation Centre Charity registration 1158024 Address 523 Nuttall Road, Nottingham, NG8 5DG Trustees Venerable Amitha Teldeniyaye Venerable Wimalajeewa Anamaduwa Venarable Suwachaseela Nepalaye Mr Ravi Sanjeewa (Chair) Mr Priyantha Bandara Mr Gihan De Silva Mr Rukman De Silva Mr Buddhika Epa Mr Manjula Kariyawasam Dr Asanka Mallawaarachchi Mr Sajith Meththasinghe Mr Lalith Perera Mr Ruwan Thushara

Auditors Mintax Ltd, 13 Cambridge Road, North Harrow, Middx. 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 and each has a biennial tenure. All registered members of the Vihara are invited to the aforementioned General Meeting, and, inter alia , elect the Trustees. Trustees are not paid and there are no other paid workers - the Vihara being totally reliant 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 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 practised.
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

Trustees, recognising the restrictions & limitations of the current premises, decided to look for a more suitable property that can accommodate all of the needs & functions of the Vihara. An ad hoc committee headed by Trustee Mr Kariyawasam was formed for this project.

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 weekly sessions of meditation and discussions in English of Buddhist discourses were conducted, with regular participants & led by the Chief Incumbent monk.

Sunday schools for children were conducted weekly in Sheffield and Nottingham. Enhanced DBS checks & validations for all Sunday School lay teachers and clergy, 12 in total, were carried out during the year.

On invitation, monks visited schools for meetings with junior and senior students, for introductory Buddhism, introductory meditation, religious discussions and Question & Answers.

By invitation also, they also visited University of Derby for regular meditation sessions attended by both students and staff.

Monks have provided spiritual guidance and advice to the newly inaugurated temples/Viharas in Middlesborough and Hull, as well as supplementing the presence of monks as and when needed by those two places.

While monks chant daily for the welfare of all living beings, they also performed specific chantings & blessings for those who visited the Vihara on their special occasions, such as commencement of schooling, examinations, employment, business, anniversaries and other special occasions.

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.

Financial Report for y/e 31 December 2023

Accounts for the year ending 31 December 2023 and Auditors’ Report are submitted simultaneous to this report.

I, the chief incumbent ncnA. on behalf of the Board of Trusle•s ol Shanthi Wihara and Meditation Centre hereby declare that this report is complete and accurate for the Vihara activities for the period between 01 January 2023 and 31 December 2023. Signed on beh f of the Board of Truslees Ven. eldeniyaye Chief Incumbent and Lead Twstee 2023

Unaudited nAnCIal Statements for the Year Ended 31 December 2023 for SHANTHI VIHAIi4 AND MEDrrATION CENTRE

SHANTHI VIHARA AND mEDATION CENTRE Income Statement for the Year Ended 31 D¢eember 2023 31.12.23 31.12.22 TURNOVER 33,141 27,258 Other income 19 Depreclation md other amounts written off assets (2,550) (2,550) Other charg¢s (26,471) (12,149) Taxation PROFIT 4,120 12.578 Page I

SHANTHI VIHARA AIYD EDrATION CENTRE (Registered number: ) Balance Sheet 31 December 2023 31.12.23 3l.12.22 FIXED ASSETS 109.743 112.293 CURREiYf ASSETS 28,738 22,068 NET CURRENT ASSETS 28,738 22,068 TOTAL ASSETS LESS CURJiENT LIABILITIES 138,481 134,361 RESERVES 138.481 134,361 NOTES TO THE FINANCIAL STATEMENTS STATUTORY INFORMATION SHANTHI VIHARA AND MEDITATION CENTRE is a private company. limited by share registered in England Wales. The company's registered number and registered office address are as below: Registered number: Registered offIce: AVERAGE NUMBER OF EMPLOYEES The average number of ernployees during the year was NIL (2022 - NIL). Page 2 Continued...

SHMTHI VIHARA AND I%DATION CENTRE (Reglstered number: ) Balance Sheet- continued 31 December 2023 The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023. The members have not r4uired the company tr) obtain an audit of its financial statements for the year ended 31 December 2023 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 stste of affairs of the company as at the end of each financial year and of its profit or loss for ea¢h financial year in accordance with the requirements of Sections 394 and 395 and which otherwlse comply with the requirements of the Companies Act 2006 relating to financial ststements, so far as applicable to thc company. The financial statements have been prepared in accordance with the miGro-entity provisions. The financial statements were approved by the Board of Directors and authorised for issue on l October 2024 and were signed by: Director Page 3

SHANTHI VIHARA AND MEDrrATION CENTRE Detailed Profit and Loss Account for the Year Ended 31 December 2023 31.12.23 31.12.22 Tiirnnvtr Covenanted /Regular Income Other Variable Income Occasional Donations 33,141 15,900 200 11.158 33,141 27,258 Other inrom¢ Deposit account interest 19 33,141 27,277 Expenditur¢ Event Expenses Business Rates & Water Rates Insurance Light and heat Licenses Telephone Post and stationery Repair5 and maintenance SponsorshiplFees Sundry expenses Accountancy Donations 14,620 1,535 540 2,767 308 952 271 1,134 2.904 184 360 566 2,V59 1,420 1,794 308 fv15 290 1,759 360 3,025 26,141 11.660 7,000 15,617 nance costs Bank charges Bank loan interest 330 91 398 330 489 Carried forward 6.670 15,128 This pag¢ does not fonn part of the statutory financial statemcnts Page 4

SHANTHI VIHARA AND MIDITATION CENTRE Detailed Profit and Loss Account for the Year Ended 31 December 2023 31.12.23 31.12.22 Bmught fotward 6.670 15.128 Depreciation Freehold pr()perty Computer equipment 2.500 50 2.500 50 2,550 2,550 NET PROFrr 4,120 12,578 This page does not forni part of the statutory financial statements Page 5

SHANTHI VIIIARA AND MEDITATION CENTRE Detailed Balanee Sheet for the Year Ended 31 Deeember 2023 31.12.23 31.12.22 FIXED ASSETS Work of Art Freehold property FixtureÈ and fittings Computer equipment 3,160 106,250 $4 79 3,160 108,750 2S4 l29 109,743 112293 CURRENT ASSETS Bank Account- I Bank Account- 2 Bank account no. 3 8,565 3.583 16,590 4,285 l L,669 6.114 28,738 22,068 NET CURRENT ASSETS 28.738 22,068 TOTAL ASSETS LESS CURRENT LIABILITIES 138,481 134,361 NET ASSETS 138,481 134,361 RESERVES Other reserv¢s Retained earnings 73,360 65,121 73,360 61,001 138,481 134,361 This page doeg not forni pth of the ststutory financi¥l Statements Page 6

CHARITY COMMISSION FOR ENGLAND AND WALES Independent examiner's report on the accounts Report to the trustees SHANTHI VIHARA AND MEDITATION CENTRE. On accounts forth8 year ended 31st D8c8mber 2023 Charity no lif any) 1158024 Set out on pages I report to the trustees on my examination of the accounts of the above charity f'the Trust") for the year ended 3111212023. Responsibilities and basis of report As the charity's trustees, you are responsible for the preparation of the accounts in accordan with the requirements of the Charities Act 2011 (Ihe Act"). I report in respect of my examination of the Trust's accounts carri8d out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. Independent examiner's statement I have completed my examination. l Gorfirm that no material matters have come to my attention in connection with the examination (other than that disclosed below ") which gives me cause to belleve that in, any material respect- the accounting records were not kept in accordance with section 130 of the Charities Act,. or the accounts did not accord wtth the accounting cordS. or the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities {Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a Irue and fair, view which is not a matter consid8red as part of an indep&ndent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a prOr understanding of the accounts to te reached. Signed: Date: Name: NDINI SIRIDARAN Relevant professional qualification(s) or body (if any): B.Sc (Hon), FMAAT Address: MINTAX LTD Accounts & Tax Consultanls 13, Cambridge Road, North Harrow Middlesex, Harrow, HA2 7LA