Paramitha Community Development Foundation
Trustees Report
Copyright © 2023 PCDF All rights reserved
Paramitha Community Development Foundation
Contents
1. REFERENCE AND ADMINISTRATIVE DETAILS ............................................................ 3 1.1 ORGANIZATION DETAILS .............................................................................................. 3 2 STRUCTURE, GOVERNANCE AND MANAGEMENT ...................................................... 4 2.1 OVERVIEW ............................................................................................................................. 4 2.2 OUR MISSION STATEMENT ..................................................................................................... 4 2.3 OUR ACTIVITIES ..................................................................................................................... 4 2.4 PERFORMANCE AND MONITORING ......................................................................................... 4 2.5 MAJOR EVENTS, PROGRESS AND ACHIEVEMENTS OF THE CHARITY THROUGHOUT THE YEAR . .5 2.6 HOW OUR ACTIVITIES DELIVER PUBLIC BENEFIT……………………………………………………………………… 6
3 FINANCIAL REPORT……………………………………………………………………. ................................ 8
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Paramitha Community Development Foundation
1. Reference and Administrative details
1.1 Organization Details
Paramitha Community Development Foundation Charity/Company Name: 87 Church Road, Frampton Cotterell, Bristol, BS36 2NE Address: (From 01/08/2023)
Telephone number: Tel: +44117 977 0465 info@bristolbuddhistvihara.org.uk
E-Mail: Website: www.bristolbuddhistvihara.org.uk Legal status: Company Limited by Guarantee Charity commission Registered No 1160561 Companies House No. 08199348
1.1 Members and Trustees
| Name | Skills / Qualifications |
|---|---|
| Ven Pelwatte Dhammananda Thero | Ordained over 22 years and have managed the Bristol Temple just over 10 years. Has taught in schools and has been carrying out spiritual and social work from the day ordained. |
| Mr Upali Gunathilaka | Over 20 years of experience in printing in a well-known newspaper. |
| Raymond Anthony Douglas Cole | Retired Media worker. Over 40 years of experience. |
| Mr. Aruna Duminda Banduseela | Over 20 years of experience in software development |
| Prof Mahesh Sooriyabandara | Managing director for a multi-national telecommunication research company and PhD in engineering and a charted engineer |
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Paramitha Community Development Foundation
2 Structure, Governance and Management
2.1 Overview
Paramitha Community Development Foundation (PCDF) is a non-profit community organisation under charity number 1160561 and Companies House No: 08199348. It has been established to meet the social and spiritual needs of community based in Bristol and surrounding South West and Wales region. Through its cultural and educational activities, it now provides services to wider multi-cultural communities from Bristol, Cardiff, Swindon, Southampton and Gloucester. The organisation is fully supported by volunteers and over the years it has grown into a strong organisation with over 200 permanent members from all parts of the community. As a charitable organisation all services that include educational, cultural, advising, counselling, welfare and interfaith activities are offered for free.
2.2 Our Mission Statement
Introduce and advance the Buddhist religion in the UK for the benefit of the public through the holding of prayer meetings, lectures, celebration of religious/cultural festivals, producing and distributing literature on the Buddhist thought to enlighten others about the Buddhist religion and promotion of religious harmony for the benefit of public by promoting knowledge and mutual understanding of the beliefs and practice of different religious faiths.
2.3 Our Activities
Since 2012, the PCDF has been working collaboratively with many culturally diverse community groups and their organisations, to deliver numerous social and cultural services, annual events and support systems in South West and Wales.
Monthly “Mindfulness and Meditation” sessions conducted organised by PCDF are attended by people belonging to several ethnic groups and the “Sunday” school, which teaches Language and culture is attended by children belonging to different denominations as well.
The annual multicultural celebration organised by the PCDF is turning into a popular community event in the region which is drawing crowds from neighbouring cities such as Cardiff, Gloucester, Swindon and Southampton and has been attended by the Lord Mayor of Bristol.
2.4 Performance and Monitoring
PCDF conducts a range of charitable, educational, wellbeing and entertainment related activities as regular annual events to assist individuals and communities in cultural, spiritual, wellbeing and financial needs. We have been providing services since 2012.
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Paramitha Community Development Foundation
| Support/services | Demographic information | No. services | No. assisted/participated |
|---|---|---|---|
| Counselling | Majority aged 20-60y | 1/month | 50/year |
| Community awareness (Blood, Organ donation) |
Majority adults in all age groups. |
1/month | 800/year >50 signed up |
| Multicultural events | multicultural Males ≈Females |
Annual | 2000/year |
| Language and Buddhist School |
Children: 5-18y | 1/week | 150/week |
| Charity | N/A | SOS | Covid relief and good Friday Attack in Sri Lanka. Support for individuals and families during difficult times |
| Mindfulness and meditation) | Children | Ad hoc on request |
|
| Multifaith group discussions | Ad hoc as organised |
2.5 Major events, progress and achievements of the Charity throughout the year
This year has been a remarkable one for PCDF, as we continue to fulfill our mission of promoting peace, compassion, and wisdom through our various charitable activities. Our PCDF remains dedicated to serving both our local community and the broader global family through our diverse range of initiatives.
This year the main success was securing the permanent place for the temple and dwelling for the monks. In August 2023 the Charity managed to secure a mortgage and purchase the property.
Major Events
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Annual Vesak Celebration: We celebrated Vesak with a week-long series of events, including meditation sessions, Dhamma talks, and a candlelight procession that attracted over 1,000 participants.
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Annual Dhamma day (Poson) We have organised four major events in different places in UK
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Winter Retreat: Our annual winter retreat provided an opportunity for over 150 practitioners to deepen their meditation practice under the guidance of esteemed monks and nuns.
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Weekly Program: Every Saturday we have meditation class and Dhamma talk sessions.
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Monthly Poya Progarm – We have a monthly poya day program
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Paramitha Community Development Foundation
Progress and Achievements
- New Initiatives: We launched a mental health support group aimed at providing a safe space for those dealing with anxiety and depression, which has already seen active participation from over 60 individuals.
Impact on the Community
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Beneficiaries: Our various programs have directly benefited over 2500 individuals this year, providing them with not only material support but also spiritual guidance and emotional comfort.
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Volunteering: We are immensely grateful to our dedicated volunteers, whose 5,000+ hours of service have been instrumental in the success of our initiatives.
Future Plans:
Looking ahead, we plan to expand our educational programs, introduce new community health initiatives, and further develop our sustainability projects to continue making a positive impact.
2.6 How our activities deliver public benefit
We deliver services to individuals or small groups and classes. We enabled the community to remain connected. It was also enabling to some new members as the distances involved precluded travel at the time so contacting us and joining in with activities was easier. It was significant that maintaining contact helped with minimizing any sense of isolation that was reported from some quarters.
At PCDF , our activities are designed to deliver significant public benefits, enriching the lives of individuals and the community as a whole. Through a combination of spiritual, educational, and charitable programs, we strive to create a positive and lasting impact.
1. Spiritual Growth and Well-being
Meditation and Mindfulness Programs:
- Public Benefit: Our meditation and mindfulness programs help individuals reduce stress, enhance emotional well-being, and develop inner peace. These benefits extend to their personal lives, improving relationships, productivity, and overall mental health.
Dhamma Talks and Teachings:
- Public Benefit: Regular Dhamma talks and teachings provide valuable insights into Buddhist philosophy, promoting ethical living, compassion, and wisdom. These teachings encourage individuals to lead more mindful, compassionate, and fulfilling lives, which in turn fosters a more harmonious society.
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Paramitha Community Development Foundation
2. Community Outreach and Support
Mental Health Support Group:
- Public Benefit: The mental health support group offers a safe and supportive environment for individuals dealing with anxiety and depression. By providing emotional support and practical coping strategies, we help improve mental health outcomes and enhance the quality of life for participants.
3. Educational Initiatives
Mindfulness and Stress Reduction Workshops:
- Public Benefit: These workshops equip individuals with tools to manage stress effectively, promoting better mental health and resilience. Participants learn techniques that they can apply in their daily lives, leading to improved wellbeing and productivity.
Youth Programs:
- Public Benefit: Our educational programs for youth teach important values such as compassion, respect, and responsibility. These programs help shape well-rounded, ethical individuals who are better prepared to contribute positively to society.
4. Cultural and Social Enrichment
Annual Events and Celebrations:
- Public Benefit: Events such as the Vesak, Poson celebration and cultural festivals foster community spirit, cultural exchange, and social cohesion. These gatherings provide opportunities for people from diverse backgrounds to come together, celebrate, and learn from each other.
5. Volunteerism and Community Engagement
Volunteer Opportunities:
- Public Benefit: By offering numerous volunteer opportunities, we encourage civic engagement and foster a sense of community responsibility. Volunteers gain valuable skills, experience personal growth, and contribute positively to the well-being of others.
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Company Registration No. 08199348 (England and Wales)
PARAMITHA COMMUNITY DEVELOPMENT FOUNDATION (COMPANY LIMITED BY GUARANTEE ) ANNUAL REPORT FOR THE YEAR ENDED 30 SEPTEMBER 2023
PARAMITHA COMMUNITY DEVELOPMENT FOUNDATION (COMPANY LIMITED BY GUARANTEE ) ANNUAL REPORT CONTENTS
| Page | |
|---|---|
| Company information | 3 |
| Directors' report | 4 |
| Accountants' report | 5 |
| Income statement | 6 |
| Statement of financial position | 7 |
| Notes to the accounts | 8 |
| Detailed profit and loss account | 10 |
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PARAMITHA COMMUNITY DEVELOPMENT FOUNDATION COMPANY INFORMATION FOR THE YEAR ENDED 30 SEPTEMBER 2023
Directors
Company Number
Registered Office
Accountants
Ven Pelwatte Dhammananda Thero Biyagama Tennenahalage Upali Gunatilaka Prof Mahesh Sooriyabandara Raymond Anthony Douglas Cole Aruna Duminda Banduseela
08199348 (England and Wales)
6 HAMMOND CLOSE BRISTOL BS4 5HY
Samanalarisi Solutions 11 Shubb Leaze BRISTOL BS16 1WX
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PARAMITHA COMMUNITY DEVELOPMENT FOUNDATION (COMPANY NO: 08199348 ENGLAND AND WALES) DIRECTORS' REPORT
The directors present their report and accounts for the year ended 30 September 2023.
Principal activity
Religious and Community Services
Directors
The following directors held office during the whole of the period:
Ven Pelwatte Dhammananda Thero Biyagama Tennenahalage Upali Gunatilaka Prof Mahesh Sooriyabandara Raymond Anthony Douglas Cole Aruna Duminda Banduseela
Statement of directors' responsibilities
The directors are responsible for preparing the report and accounts in accordance with applicable law and regulations.
Company law requires the directors to prepare accounts for each financial year. Under that law, the directors have elected to prepare the accounts in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the accounts unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these accounts, the directors are required to:
-
select suitable accounting policies and then apply them consistently;
-
make judgements and estimates that are reasonable and prudent;
-
prepare the accounts on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the accounts comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Small company provisions
This report has been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.
Signed on behalf of the board of directors
............................................................................
Ven Pelwatte Dhammananda Thero Director
Approved by the board on: 30 June 2024
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CHARTERED MANAGEMENT ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY ACCOUNTS OF PARAMITHA COMMUNITY DEVELOPMENT FOUNDATION FOR THE YEAR ENDED 30 SEPTEMBER 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of PARAMITHA COMMUNITY DEVELOPMENT FOUNDATION for the year ended 30 September 2023 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.
As a CIMA Registered Member in Practice and Practising Certificate holder, I am subject to its ethical and other professional requirements which are detailed at https://www.cimaglobal.com/Members/Your-Membership-Information/Membershandbook/Licensing-and-monitoring/Members-in-practice/
Our work has been undertaken in accordance with the requirements of the Chartered Institute of Management Accountants as detailed at http://www.cimaglobal.com.
Samanalarisi Solutions Member in Practice
11 Shubb Leaze BRISTOL BS16 1WX
30 June 2024
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PARAMITHA COMMUNITY DEVELOPMENT FOUNDATION INCOME STATEMENT FOR THE YEAR ENDED 30 SEPTEMBER 2023
| Turnover Administrative expenses Operating profit Profit on ordinary activities before taxation Tax on profit on ordinary activities 4 Profit for the financial year |
2023 £ 103,716 (22,498) 81,218 81,218 - 81,218 |
2022 £ 75,305 (24,262) |
|---|---|---|
| 51,043 | ||
| 51,043 - |
||
| 51,043 |
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PARAMITHA COMMUNITY DEVELOPMENT FOUNDATION STATEMENT OF FINANCIAL POSITION AS AT 30 SEPTEMBER 2023
| Notes Fixed assets Tangible assets 5 Current assets Debtors 6 Cash at bank and in hand Net current assets Total assets less current liabilities Creditors: amounts falling due after more than one year 7 Net assets Capital and reserves Profit and loss account Shareholders' funds |
2023 £ 530,000 - 7,267 7,267 7,267 537,267 (280,000) 257,267 257,267 257,267 |
2022 £ - 21,000 225,749 |
|---|---|---|
| 246,749 | ||
| 246,749 | ||
| 246,749 - |
||
| 246,749 | ||
| 246,749 | ||
| 246,749 |
For the year ending 30 September 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities.
The financial statements were approved by the Board of Directors and authorised for issue on and were signed on its behalf by
Ven Pelwatte Dhammananda Thero Director
Company Registration No. 08199348
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PARAMITHA COMMUNITY DEVELOPMENT FOUNDATION NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30 SEPTEMBER 2023
1 Statutory information
PARAMITHA COMMUNITY DEVELOPMENT FOUNDATION is a private company, limited by shares, registered in England and Wales, registration number 08199348. The registered office is 6 HAMMOND CLOSE, BRISTOL, BS4 5HY.
2 Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3 Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
4 Taxation
The company is exempt from Income Tax
| 5 Tangible fixed assets Cost or valuation At 1 October 2022 Additions At 30 September 2023 Depreciation At 30 September 2023 Net book value At 30 September 2023 6 Debtors Amounts falling due after more than one year Other debtors 7 Creditors: amounts falling due after more than one year Bank loans |
2023 £ - 2023 £ 280,000 |
Land & buildings £ At cost - 530,000 |
|---|---|---|
| 530,000 | ||
| - | ||
| 530,000 | ||
| 2022 £ 21,000 |
||
| 2022 £ - |
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PARAMITHA COMMUNITY DEVELOPMENT FOUNDATION NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30 SEPTEMBER 2023
8 Average number of employees
During the year the average number of employees was 0 (2022: 0).
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PARAMITHA COMMUNITY DEVELOPMENT FOUNDATION DETAILED PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 30 SEPTEMBER 2023
This schedule does not form part of the statutory accounts.
| This schedule does not form part of the statutory accounts. | ||
|---|---|---|
| Turnover Sales Fees Administrative expenses Travel and subsistence Rent Rates Service charges Light and heat Telephone and fax Subscriptions Bank charges Insurance Solicitors fees Operating profit Profit on ordinary activities before taxation |
2023 £ 103,716 - 103,716 3,210 12,150 1,698 - 1,668 428 - 60 754 2,530 22,498 81,218 81,218 |
2022 £ 54,305 21,000 |
| 75,305 | ||
| 4,210 12,950 3,237 1,250 - 1,039 539 52 985 - |
||
| 24,262 | ||
| 51,043 | ||
| 51,043 |
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