Registered Charity Number 1167599
Abhayarama Vidarshana Meditation Centre
Annual Report and Accounts
31 July 2024
Abhayarama Vidarshana Meditation Centre
Charity Information
For the year ended 31 July 2024
Trustees
Rev Panamure Thapassee Thero 16A, Bycullah Avenue Enfield EN2 8DN Anoma Gunawardhana Malkanthi Jayasinghe Charity Number 1167599 Registered Address 16A, Bycullah Avenue Enfield EN2 8DN Bankers Barclays Bank 20 The Town Enfield EN2 6LS Reporting Accountants Alam & Company 6 Shepherds Bush Rd London W6 7PJ Tel : 02087461642 Email : alamandco.accountants@gmail.com
Abhayarama Vidarshana Meditation Centre
Charity Information
For the year ended 31 July 2024
The trustees present their report for the year ended 31 July 2024. The financial statements comply with current statutory requirements & the Statements of Recommended Practice: Accounting & Reporting by Charities ((FRS102) (Charities SORP (FRS102)), and with the Trust’s governing documents.
Structure, governance and management
Abhayarama Vidharshana Meditation Centre is governed by its constitution and was registered as a charity by the Charity Commission for England and Wales with registration number 1167599. The number of the trustees who served during the year is shown on the page 1 of these financial statements.
Objectives and activities
The objects of the charity are for the furtherance of any religious and charitable purposes.
Taxation status
As a charity utilising all of its net income for charitable purposes the Trust is exempt from income tax.
This report was approved by the trustees on …………………………………….and signed on its behalf 23-05-2025 by
Rev Panamure Thapassee Thero
Abhayarama Vidarshana Meditation Centre
Independent Examiner’s Report
For the year ended 31 July 2024
We report on the accounts of the charity for the year ended 31 July 2024 set out on the pages four to eight.
This report is in respect of an examination carried out under section 149(3) of the Charities Act 2011 (the Act). This report is made solely to the charity’s trustees, as a body, in accordance with the regulations made under Section 154 of the Charities Act 2011 (“the Act). Our examination has been undertaken for no purpose other than to draw to the attention of the charity’s trustees those matters which we are required to include in an independent examiner’s report addressed to them. To the fullest extent permitted by law, we do not accept or assume responsibility to any party other than the charity and the charity’s trustees as a body, for our examination, for this report, or for the opinions we have formed.
Respective Responsibilities of Trustees and Examiner
The charity’s trustees are responsible for the preparation of accounts. The charity’s trustee consider that the audit is not required for this year under section 149(2) of the Act and that an independent examiner is needed.
It is our responsibility to: -
Examine the accounts under section 149 of the Act.
To follow the procedures laid down in the General Directions given by the Charity commission under section 149(5) of the Act; and –
To state whether matters have come to our attention.
Basis of Independent Examiner’s Report
Our examination was carried out in accordance with the General directions given by the Charity Commissioners. An examination includes a review of accounting kept by the charity and a comparison of accounts presented with those records. It also includes consideration of any unusual items or disclosure in the accounts and seeking explanations from you as
trustees concerning any such matters. The procedure undertaken do not provide all the evidence that would be required in an audit, and consequently we do not express an audit opinion on the view given by the accounts.
Independent Examiner’s Statement
In accordance with the examination, no matter has come to our attention, other than improvement needed to keep its records.
-
Which gives us reasonable cause to believe that any material respect, the requirements.
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To keep accounting records inaccurate with section 130 of the Act; and
-
To prepare accounts which accord with the accounting record and to comply with the accounting requirements of the Act; have not been met, or
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To which, in opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Alam and Company
6 Shepherds Bush Road
London
W6 7PJ
Abhayarama Vidarshana Meditation Centre
| Statement of Financial Activities | Statement of Financial Activities | |
|---|---|---|
| For | the year ended 31 July 2024 | |
| YE 31/07/2024 | YE31/07/2023 | |
| (GBP) | (GBP) | |
| …………………. |
……………………. | |
| Incoming Resources | 44,144 |
39,415 |
| Less: Resources Expended | ||
| Rent Rates Lights Heat & Water | 34,800 | 32,577 |
| Goods Purchases | 630 | 502 |
| Admin Expenses | 378 | 476 |
| Repair and Maintenance | 550 | 886 |
| Bank Charges | 0 | 0 |
| Travelling Exp | 2,257 | 2,184 |
| Fundraising Events | 1,600 | 1,500 |
| ……………… | …………… | |
| 40,215 |
38,125 | |
| …………….. |
……………. | |
| Net profit/ loss for the year | 3,929 | 1,290 |
| ========= | ========= |
Abhayarama Vidarshana Meditation Centre Balance Sheet as at 31 July 2024 31/07/2024 31/07/2023 (GBP) (GBP) Current Assets Cash at Bank Barclays 928 1080 Cash in Hand 654 200 ………… …………. 1,582 1,280 Current Liabilities Creditors falling within one year (193) (3,820) ……………. …………… Total Net Assets / (Liabilities) 1,389 (2,540) ======= ======= Funds of the Charity Income & Expenditure Account 1,389 (2,540) ======= =======
Abhayarama Vidarshana Meditation Centre
Notes to the Accounts
For the year ended 31 July 2024
Accounting policies
- Basis of preparation
The financial Statements have been prepared in accordance with ‘Accounting and Reporting by Charities: Statement of recommended Practice (FRS102)’ published in July 2014, and applicable United Kingdom law and accounting standards.
- Going Concern
The trustees consider that there are no material uncertainties about charity’s ability to continue as a going concern. There are no material uncertainties affecting the current year’s accounts.
- Income
All incoming resources are recognised once the charity has entitlement to resources, it is probable (more like than not) that the resources will be received and the monetary value of incoming resources can be measured with sufficient reliability.
Resource Expended
Resources expended are recognised in the period in which they are incurred. Costs of generating voluntary income comprise the costs associated with fundraising. Charitable expenditure comprises the costs incurred by the charity in the delivery of its activities and services. Governance costs include those costs associated with meeting the statutory requirements of the charity.
- Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can be used for particular restricted purposes within the projects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.