Trustees’ report for the year ending 31[st] July 2024
The Trust continued to provide an invaluable service to the community for yet another year.
The Temple welcomed devotees and interested parties from both the Sri Lankan community as well as Buddhists from other countries and those interested in learning Buddhism.
The increased interest cost associated with the mortgage is a concern for the Charity. The current monthly contributions from the devotees is sufficient to cover this increase. It has been a challenge to build a sufficient reserve in light of the increased costs.
Events such as monthly Dhamma Sermons continued to be delivered online. Videos of these events are posted on the social media channels which continue to be accessed by people from different parts of the world. In addition, a number of devotees attend the monthly ‘sil’ meditation session.
The annual New Year Festival took place in April 2024 at the Woodhouse Grove School, Bradford with over 500 attendees. It was graced by the Lord Mayor of Leeds, Councillor Al Garthwaite. The Trust wishes to place on record its gratitude to the Lord Mayor for taking time off her busy schedule to attend this event. The event included a drama, songs and traditional dances performed by children and members of the community. It was followed by a buffet style lunch and traditional games.
Alongside the New Year Festival, with the support of the Sri Lanka High Commission to the UK, the Trust also organised a Consular Service to the Sri Lankan community in the North of England. This service was used by a large number of Sri Lankans living in the North who would have otherwise had to travel to London for consular services.
The Vesak ceremony took place in May where a large number of devotees attended to meditate and engage in religious discussions. The Kathina ceremony took place in November to mark the end of the traditional rainy season retreat.
There were no serious incidents to report during the reporting period.
Signed on behalf of Trustees
S. C. Mudalige
Trustee
17 May 2025
These accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
For the year ended 31 July 2024 the organisation is entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the organisation to obtain an audit in accordance with section 476 of the Companies Act 2006.
Leeds Buddhist Vihara Trust Statement of Income and Expenses For the year ending 31st July 2024
| Income Donations Gift Aid Claim Interest income Total Income Expenses Event expenses Utilities IT expenses Insurance Visa expenses Mortgage interest Building expenses Travel expenses Other expenses Total Expenses Net surplus |
2023/24 | 2023/24 | 20 | 22/23 £ 59,879 7,047 - 66,926 |
|---|---|---|---|---|
| £ 10,056 3,228 1,054 912 1,669 7,261 601 2,134 9 |
£ £ 28,418 6,806 - 35,224 |
|||
| 26,924 | 8,413 5,022 1,050 619 - 6,937 - - 47 |
22,088 44,839 |
||
| 8,300 |
Leeds Buddhist Vihara Trust Statement of Asstes and Liabilities As at 31st July 2024
| As at 31st July 2024 | ||||
|---|---|---|---|---|
| Assets Non-current assets Land and building IT & Sound Equipment Furniture and fixtures Current assets Bank current account Non-current Liabilities Mortgage Interest-free Loan Reserves Net income over expenses |
2023/24 | |||
| £ |
£ £ 227,152 2,134 5,755 235,041 7,499 242,540 |
|||
| 89,472 20,000 |
92,568 20,000 |
|||
| 109,472 | 112,568 | |||
| 104,768 8,300 |
76,649 44,839 254,056 |
|||
| 242,540 |