# INTERNATIONAL CENTRE FOR THERAVADA BUDDHISM UK (ICTBUK) **TRUSTEES’ ANNUAL REPORT AND UNAUDITED ACCOUNTS** _For the period ending 04[th] September 2024_ Trustee’s Annual Report and Unaudited Accounts for the period ending 04 September 2024 ## **LEGAL AND ADMINISTRATIVE INFORMATION** ## _**Board of Trustees**_ Mrs. Madhurika Jayawardana Mrs. Sujatha Wickramatunga Mr. Kasun Rajapakse ## _**Charity Number**_ 1190129 ## _**Registered office**_ 19 Honeycrock Lane Redhill RH1 5DG ## **GOVERNANCE STATEMENT** **The Trustees present their Report and Accounts for the period ending 4th September 2024.** **As the charity trustees of the Trust, we have prepared the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).** International Centre for Theravada Buddhism UK (ICTBUK) is a registered charity established by Trust Deed on 26[th] June 2020 with the aim of advancing the understanding and practice of Theravāda Buddhism in the United Kingdom. The charity supports and delivers educational programmes, research collaborations, and cultural initiatives, including projects in partnership with institutions such as the British Library, Wellcome Collection and the University of Manchester. Trustee’s Annual Report and Unaudited Accounts for the period ending 04 September 2024 ## **GOVERNANCE STRUCTURE** The charity is governed by a Trust Deed and overseen by a Board of three Trustees, who are responsible for setting the charity’s strategic direction, ensuring compliance with legal and regulatory obligations, and safeguarding its assets for public benefit. Board of Trustees include: Mrs. Madhurika Jayawardana Mrs. Sujatha Wickramatunga Mr. Kasun Rajapakse All Trustees are UK residents. ## **TRUSTEE RESPONSIBILITIES AND OPERATION** Trustees meet regularly to review ongoing projects, monitor progress, and make strategic decisions. They work collectively to ensure that all activities align with the charity’s mission and values. Trustees are appointed based on their commitment to the charity’s aims and relevant expertise, including in Buddhist studies, heritage preservation, and charitable governance. ## **Risk Management** The Trustees maintain oversight of project-level risks, particularly in relation to partnerships, content accuracy, and the cultural sensitivity of materials. ## **Commitment to Good Governance** Although a small organisation, ICTBUK strives to apply principles of good governance in line with the Charity Commission’s expectations and the Charity Governance Code, appropriate to its size and scope. As part of its ongoing development, the Trustees are reviewing internal policies and procedures to strengthen operational resilience and future project delivery. ## **COMPLIANCE WITH SECTION 4 OF THE CHARITIES ACT 2006** ICTBUK is committed to fulfilling its legal obligations as set out in Section 4 of the Charities Act 2006, which outlines the requirement for charities to demonstrate public benefit. In line with this requirement, the Trustees have reviewed the Charity Commission’s guidance on public benefit and confirm that all activities undertaken during the reporting year are in direct furtherance of the charity’s stated objectives and are designed to deliver clear and measurable public benefit. Trustee’s Annual Report and Unaudited Accounts for the period ending 04 September 2024 ## **CHARITY OBJECTIVES AND ACTIVITIES IN THE YEAR** In the reporting year, ICTBUK continued to focus on its primary objective: the advancement of Theravāda Buddhism through education, preservation, and cultural outreach. The charity aimed to increase public understanding and engagement with Buddhist teachings, texts, and heritage. **Key activities undertaken during the year included** : 1. Partnering with the British Library, the Wellcome Collection and the Manchester University Library to support the digitisation, cataloguing, and public presentation of rare Pali manuscripts, making important historical resources accessible to researchers and the public worldwide. 2. We also have an ongoing partnership with Paramaththa Foundation (a Chairty registered in Sri Lanka) to support digitisation of historic manuscripts facing deterioration in order to preserve tangible heritage of Sri Lanka for posterity. 3. Organising community workshops in London, Manchester, and Birmingham that introduced meditation practices, ethical teachings, and cultural aspects of Theravāda Buddhism in inclusive and accessible formats. 4. Supporting the development of open-access educational resources to aid schools and universities in Buddhist studies. 5. Delivering a weekly Sunday School programme via Zoom for children around the world, offering lessons on Buddhist ethics, stories from the Jātakas, chanting, and mindfulness activities. 6. Hosting regular Buddhist sermons and talks led by senior monks and lay scholars, offering teachings on Dhamma and Pali scripture study to both local and international audiences. 7. Facilitating meditation programmes and retreats, both online and in-person, to support the cultivation of mindfulness (sati) and concentration (samādhi) practices among practitioners of all levels. 8. Welcoming visiting monks from Sri Lanka and accompanying them to view significant collections of Pali texts and Buddhist manuscripts held in British libraries and museums, fostering cultural and educational exchange These activities reflect the charity's commitment to meaningful collaboration and public benefit, rooted in the principles of Theravāda teachings and aligned with its charitable purposes. ## **RESERVES POLICY** ICTBUK maintains a reserves policy to ensure the financial stability and sustainability of its operations and to protect its core charitable activities from unexpected financial challenges. As of the end of the reporting year, the charity holds reserves totalling £14,000. Trustee’s Annual Report and Unaudited Accounts for the period ending 04 September 2024 ## **Purpose of Reserves** The charity's reserves are held to: - Provide a financial buffer to cover essential operational costs in the event of unforeseen circumstances such as delays in funding or project disruption. - Support the charity in meeting its ongoing financial obligations. - Ensure the continuation of key programmes in the short term, should core income streams be interrupted. ## **Target Level of Reserves** The Trustees consider a minimum reserve level of £5,000 to be appropriate at this stage in the charity’s development. This amount represents approximately three months of essential operating costs, including administration, insurance and basic programme delivery. On behalf of the Board of Trustees …………………………………….. Madhurika Jayawardana Trustee and Chair Dated: 29/06/2025 **----- Start of picture text -----**
International Centre for Theravada Buddhism UK 1190129
Receipts and payments accounts CC16a
For the period 05.09.2023 04.09.2024
from
Section A Receipts and payments
Unrestricted Restricted
Endowment funds Total funds Last year
funds funds
to the nearest £ to the nearest £ to the nearest £ to the nearest £ to the nearest £
A1 Receipts
Donation and Legacies 37,180 - - 37,180 20,235
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
Sub total (Gross income for
AR) [ 37,180 ] - - 37,180 20,235
A2 Asset and investment sales,
(see table).
- - - -
- - - - -
Sub total - - - - -
Total receipts 37,180 - - 37,180 20,235
A3 Payments
Charity Activities 32,427 - - 32,427 15,670
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- - - - -
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- - - - -
- - - - -
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Sub total [ 32,427 ] - - 32,427 15,670
A4 Asset and investment
purchases, (see table)
- - - -
- - - -
Sub total [ - ] - - - -
Total payments [ 32,427 ] - - 32,427 15,670
Net of receipts/(payments) 4,753 - - 4,753 4,565
A5 Transfers between funds - - - - -
A6 Cash funds last year end 9,234 - - 9,234 -
Cash funds this year end 13,987 - - 13,987 4,565
**----- End of picture text -----**
CCXX R1 accounts (SS) 29/06/2025 1 |**Section B Statement of assets and liabilities at the end of the period**|**Section B Statement of assets and liabilities at the end of the period**|**Section B Statement of assets and liabilities at the end of the period**|| |---|---|---|---| |**Categories**
Signed by one or two trustees on
behalf of all the trustees
**B5 Liabilities**
**B3 Investment assets**
**B2 Other monetary assets**
**B4 Assets retained for the**
**charity’s own use**
**B1 Cash funds**|**Details**
None
**Details**
None
**Details**
**_Total cash funds_**
(agree balances with receipts and payments
account(s))
None
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Net of receipts/(payments)
Cash funds last year end
**Details**
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None|**Unrestricted funds**
**Restricted**
**funds**
**to nearest £**
**to nearest £**
**4,753**
**-**
**9,234**
**-**
**-**
**-**
**13,987**
**-**
OK
OK
**Unrestricted funds**
**Restricted**
**funds**
**to nearest £**
**to nearest £**
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**-**
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Print Name
Madhurika Jayawardana|**Endowment**
**funds**
**to nearest £**
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**-**| ||||**-**| ||||OK| ||||**Endowment**
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Date of
approval
29/06/2025| CCXX R2 accounts (SS) 29/06/2025 2 The accounts ￿*re approved bythe Board on....... Madhuflka Jwawardang Tnjstee and Chaimi8n Sujatha kramatunia Trustee Raj•pakse Trustee CHARITY COMMISSION FOR ENGLAND AND WALES Independent examiner's report on the accounts Sect￿n A Indepenoenl Examiner8 Report Report to the trusteesl members of International Centre for Theravada Buddhism UK On accounts for the year ended 0410912024 Charty no lif any) 11￿129 Set out on pages I report lo the trustees on my examination of the accounts of the above charity l-the Trusl'l for the year ended 0410912024 Responsibilities and As the charity Iruslees of the Trust, you are responsible lor the preparaliori basis of rgport of the Sccounls in accordance with the requirements of the Charilies Act 2011 1.the Act'l. I report in respect of my exaTnination of the Trust's accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed the applicatAe Directions given by the Charity Commission under section 14515llbl of Ihe Act. I have completed my examination. I confirm that material matters have come lo my 8ttenlion in connection with the examination which gives me Cause lo believe that in, any material respect. -accounting records were not kept In accordance with section 130 of the Act or -the accounts do not accord wtth the accounting records Iridependeiit examineff s statement I have no concerns and have come across no other matters in connection with the examination lo which attention should be drawn in order to enable a proper understanding of the accounts lo be r6ached. Signed: Date: 0110712025 Name: W P P Kalulanlrige Relevant professlonal qualificationl51 or body Ilf any): FCCA,'ACMA Address: 443 LynmoLrth Avenue Morden SM4 4SA Section 8 Disclosurg Only complete if the examiner needs lo highlight matters of concern (see CC32, Independent examinalDn of charty accounts.. directions and guidance for examinersl. IER October 2018 Give here brief details of any Items that the examiner wishes to disclose. IER October 2018