MAHAMEVNAWA MEDITATION CENTRE UK ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MARCH 2025
Registered Charity Number 1165899
10 Coronation Drive, WIDNES, Cheshire WA8 8AY
http://www.buddhameditation.uk/
MAHAMEVNAWA MEDITATION CENTRE UK ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
Contents
Pages Description
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3 - 4 Report of the Trustees
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5 Independent Examiner
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6 Statement of Financial Activities
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7 Balance Sheet
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8 Cash Flow Statement
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9-10 Principal Accounting Policies
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11-13 Notes to the Accounts
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MAHAMEVNAWA MEDITATION CENTRE UK ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
REPORT OF THE TRUSTEES
The Trustees of the Mahamevnawa International Meditation Centre present their report with the financial statements of the Charity for the period ended 31 March 2025.
Mahamevnawa Meditation Centre UK Trustees
| B V Indika Hemantha Premarthna | Trustee-Secretary |
|---|---|
| E M Amila Sanjeewa Edirisinghe | Trustee-Treasurer |
| Sembukutti Arachchilage De Silva | Trustee-Chairman |
Legal Advisor
Mrs Ramani Gunasekera - LLB, Nandy & Co Solicitors, 62 Woodgrange Road, Forest Gate, London E7 0Qh
Independent Examiner
Lal Ranasinghe - B Com (Hons), ACMA, CGMA
Governance Structure:
The Mahamevmawa Meditation Centre UK is a registered Charity in the UK (Registration number 1165899). It is governed by the Constitution, first adopted on 17 May 2015 and amended on 27 February 2016.
s are as follows
To advance the Theravada Buddhist religion for the public benefit in accordance with the doctrines and principles of Buddhist faith.
Volunteers
The Charity owes a great debt to the volunteers who supported it through a vast range of activities in order to promote the s objectives. The Trustees owe a great debt to all those who supported the Charity - may they realise the Four Noble Truths.
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MAHAMEVNAWA MEDITATION CENTRE UK ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
Statement of Trustees Responsibilities
The Trustees of the Mahamevnawa Meditation Centre UK are responsible for preparing the Report of the Trustees and the Financial Statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The Trustees are to prepare financial statements for each financial year. In preparing those financial statements, the Trustees are required to:
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Select suitable accounting policies and then apply them consistently;
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Observe the methods and principles in the Charity SORP;
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Make judgements and estimates that are reasonable and prudent;
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Identify if the Charity is able to pay bills, invoices, charges or meet other liabilities as they fall due going concern;
The Trustees are responsible for keeping proper accounting records which disclose, with reasonable accuracy, the financial position of the Charity. They are also responsible for safeguarding the assets of the Charity.
Insofar as the Trustees are aware:
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There is no relevant information of which t s Independent Examiner is unaware; and
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The Trustees have taken all steps they ought to have taken to make themselves aware of any relevant accounting information and to establish that the Independent Examiner is aware of that information.
Acknowledgements
The Trustees wish to extend their thanks to all the volunteers, supporters and donors of The Mahamevnawa International Meditation Centre who have continued its work by their interest and generosity.
Approved by the Trustees and signed on their behalf by:
Sembukutti Arachchilage De silva E M Amila Sanjeewa Edirisinghe
Trustee Chairman
Trustee - Treasurer
Approved on 20 December 2025
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MAHAMEVNAWA MEDITATION CENTRE UK ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
REPORT OF THE INDEPENDENT EXAMINER TO THE MEMBERS OF THE MAHAMEVNAWA INTERNATIONAL MEDITATION CENTRE
I report to the trustees on my examination of the accounts of the Mahamevnawa Meditation Centre UK for the year ended 31 March 2025 which comprise of the Statement of Financial Activities, Charity Balance Sheet, Cash Flow Statement and related notes.
As the charity's trustees, you are responsible for the preparation of the accounts in
I report in respect of my examination of the 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.
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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accounting records were not kept in respect of the Charity as required by section 130 of the Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008, matter considered as part of an independent 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 proper understanding of the accounts to be reached.
Lal Ranasinghe B. Com (Hons), ACMA, CGMA
113 Barnstaple Road, Southend-on-Sea, Essex, SS1 3PN
20 December 2025
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MAHAMEVNAWA MEDITATION CENTER UK
(Charity Number: 1165899)
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31ST MARCH 2025
----- Start of picture text -----
Unrestricted Restricted Unrestricted Restricted
Note Total Total
funds funds funds funds
31 March 31 March 31 March 31 March 31 March 31 March
2025 2025 2025 2024 2024 2024
INCOME: £ £ £ £ £ £
Donations 54,301 - 54,301 40,067 - 40,067
Gift Aid 3,140 - 3,140 3,919 - 3,919
Other Income - - - - - -
TOTAL INCOME 57,441 - 57,441 43,986 - 43,986
EXPENDITURE:
Utility, Maintenance and Interest 2 (39,431) - (39,431) (42,777) - (42,777)
Programmed Activities 3 (6,568) - (6,568) (10,862) - (10,862)
Travelling & Vehicle Costs 4 (10,140) - (10,140) (3,032) - (3,032)
TOTAL EXPENDITURE (56,139) - (56,139) (56,671) - (56,671)
NET MOVEMENTS IN FUNDS 1,302 - 1,302 (12,685) - (12,685)
Fund balances brought forward at 1st April 122,567 - 122,567 135,252 - 135,252
Fund balance carried forward at 31st March 123,869 - 123,869 122,567 - 122,567
----- End of picture text -----
The notes on pages 9 to 13 form part of these accounts
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MAHAMEVNAWA MEDITATION CENTER UK
(Charity Number: 1165899)
BALANCE SHEET
AS AT 31 MARCH 2025
----- Start of picture text -----
Note Amount Amount
31-Mar-25 31-Mar-24
FIXED ASSETS: £ £
Freehold Properties 6 272,926 283,623
Fixtures & Fittings, Motor Vehicles, Equipment 6 - 2,513
Tangible Fixed Assets 272,926 286,136
CURRENT ASSETS
Debtors 7 - -
Cash at bank and in hand 10 18,841 10,529
Total Current Assets 18,841 10,529
CURRENT LIABILITIES
- -
Creditors falling due within one year
NET CURRENT ASSETS 18,841 10,529
LONG TERM LIABILITIES
Creditors falling due after more than one year 8 (167,898) (174,098)
NET ASSETS 123,869 122,567
FUNDS:
Unrestricted Fund 9 123,869 122,567
Restricted Funds 9 - -
TOTAL FUNDS 123,869 122,567
----- End of picture text -----
The financial statements on pages 6 to 13 were approved by the Trustees on 20 December 2025 and signed on their behalf by:
Sembukutti Arachchilage De silva E M Amila Sanjeewa Edirisinghe Trustee - Chairman Trustee - Treasurer
Trustee - Chairman
The notes on pages 9 to 13 form part of these accounts
Page 7
MAHAMEVNAWA MEDITATION CENTER UK
(Charity Number: 1165899)
CASH FLOW STATEMENT
FOR THE YEAR ENDED 31ST MARCH 2025
----- Start of picture text -----
Note 31-Mar-25 31-Mar-24
£ £
Net income / (expenditure) for the reporting period 1,302 (12,685)
Adjustments for:
Depreciation 13,210 15,785
- -
(Increase) / Decrease in debtors
(Decrease) / Increase in creditors (6,200) (5,846)
Net cash provided by (used in) operating activities 8,312 (2,746)
Cash flows from investing activities:
Purchase of fixed assets - (9,341)
Proceeds from sale of fixed assets - -
-
Net cash provided by (used in) investing activities (9,341)
Change in cash and cash equivalents in the reporting period 10 8,312 (12,087)
Cash and cash equivalents at the beginning of the reporting period 10 10,529 22,616
Cash and cash equivalents at the end of the reporting period 10 18,841 10,529
----- End of picture text -----
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MAHAMEVNAWA MEDITATION CENTER UK
(Charity Number: 1165899)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2025
1. ACCOUNTING POLICIES
The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows:
- (a) The Financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts.
Charity's assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).
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(b) The trustees consider that there are no material uncertainties about the Charity's ability to continue as a going concern.
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(c) Income
Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the item(s) of income have been met, it is probable that the income will be received and the amount can be measured reliably.
(d) Expenditure and Irrecoverable VAT
Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably.
Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.
(e) Funds
Funds held by the Charity are:
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1 Unrestricted funds - these are funds which can be used in accordance with the charitable objects at the discretion of the Trustees.
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2 Restricted funds - these are funds that can only be used for particular restricted purposes within the objects of the Charity. Restrictions arise when specified by the donor or when funds are raised for particular purposes.
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MAHAMEVNAWA MEDITATION CENTER UK
(Charity Number: 1165899)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2025
1. ACCOUNTING POLICIES (CONTINUED)
- (f) Debtors
Debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
- (g) Cash at Bank and in Hand
Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar accounts.
- (h) Creditors and Provisions
Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
- (i) Depreciation:
Tangible fixed assets have been capitalised at cost or acquisition value and where assets have been donated, at their value at date of receipt.
Depreciation on freehold properties is provided on a streight line basis, at the rate of 4% (Building Fabric), 5% (Roof, Electrical and Mechanical) and 7% (Windows) per annum, in line with the Component Accounting.
Motor vehicles and Computers & equipment are depreciated on a straight line basis at a rate of 25% per annum and furniture & equipment are depreciated at 20% on a straight line basis for items which exceed £3,000 in value, individually or for groups of related assets.
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MAHAMEVNAWA INTERNATIONAL MEDITATION CENTRE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2025
----- Start of picture text -----
2. Utilities and Maintenance 31-Mar-25 31-Mar-24
£ £
Rent and Rates 2,775 1,468
Utilities 10,100 11,413
Other Maintenance Costs 2,778 3,234
Depreciation 13,210 15,785
Mortgage Interest 10,568 10,877
Total 39,431 42,777
3. Dhamma Programmed Activity
Dhamma Events & Promotion Cost including Hall Hire 6,568 10,862
Books and Publications - -
Total 6,568 10,862
4. Travelling and Vehicle Cost
Travelling Including Air Fare 10,140 3,032
- -
Vehicle Expenses
Total 10,140 3,032
----- End of picture text -----
5. Employees and Trustee Cost
The Charity does not employ permanent or temporary staff as it is run by volunteers. Therefore, no employee related payments, such as salaries, bonus, pension, NI etc. were made during the year (2023/24 - £nil).
No payments were made to Trustees during the year (2023/24 - £nil).
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MAHAMEVNAWA MEDITATION CENTER UK
NOTES TO THE FINANCIAL STATEMENTS
AS AT 31 MARCH 2025
----- Start of picture text -----
Computers
Freehold Motor Furniture
6. Tangible Fixed Assets Buildings & Total
Land Vehicles & Fittings
Equipment
£ £ £ £ £ £
Cost:
As at 31 March 2024 85,000 237,714 - 12,564 12,882 348,160
Additions - - - - - -
- - - - - -
Disposals
As at 31 March 2025 85,000 237,714 - 12,564 12,882 348,160
Depreciation:
As at 31 March 2024 - (39,091) - (10,051) (12,882) (62,024)
- - -
Charge for the year (10,697) (2,513) (13,210)
- - - - - -
Disposals
As at 31 March 2025 - (49,788) - (12,564) (12,882) (75,234)
Net Book Value
As at 31 March 2024 85,000 198,623 - 2,513 - 286,136
As at 31 March 2025 85,000 187,926 - - - 272,926
7. Debtors and Stocks 2024/25 2023/24
£ £
- -
Refundable Deposits
Other Receivable - -
Stocks - -
Total Debtors - -
8. Long Term Liabilities
Creditors falling due after more than one year
2024/25 2023/24
£ £
Opening Balance 174,098 179,944
Additions - -
Repayments (6,200) (5,846)
Closing Balance 167,898 174,098
9. Accumulated Fund
2024/25 2023/24
Unrestricted Restricted Total Total
£ £ £ £
-
Opening Balance 122,567 122,567 135,252
Net movement in funds 1,302 - 1,302 (12,685)
-
Closing Balance 123,869 123,869 122,567
----- End of picture text -----
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MAHAMEVNAWA MEDITATION CENTER UK
(Charity Number: 1165899)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2025
10. NOTES TO CASH FLOW STATEMENT
ANALYSIS OF CASH AND CASH EQUIVALENT
| Cash at bank and in hand Short term deposits Loans Cash and cash equivalent |
At 31st March 2024 £'000 10,529 - - 10,529 |
Cash flow £'000 6,782 1,530 - 8,312 |
At 31st March |
|---|---|---|---|
| 2025 £'000 17,311 1,530 - 18,841 |
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