Charity registration number 1202294
London Mindfulness Meditation Centre Trustees' Report and Accounts for the period from 01 June 2024 to 31 May 2025
London Mindfulness Meditation Centre
CONTENTS
| Page | |
|---|---|
| Charity information | 3 |
| Trustees report | 4 |
| Independent examiner's report | 7 |
| Statement of financial activities | 8 |
| Balance sheet | 9 |
| Notes to the financial statements | 10 |
2
London Mindfulness Meditation Centre Charity Information
| Charity name | London Mindfulness Meditation Centre |
|---|---|
| Legal status | Charitable incorporated organisation (CIO) |
| Charity registration number | 1202294 |
| Trustee's | Sumana Sramaner, (Chair, trustee) |
| Rajan Bajracharya, FFPM | |
| Sunethra Chandrani Gunawardena | |
| Mallawa Archchige Nande Sisira Perera Gunawardena | |
| Secretary | Rajan Bajracharya, FFPM |
| Treasurer | Sunethra Chandrani Gunawardena |
| Registered office | 2 Heath Road |
| Uxbridge | |
| UB10 0SL | |
| Independent examiners | Sortax Accountants |
| 124-128 City Road | |
| London | |
| EC1V 2NX | |
| Bankers | Barclays Bank UK plc |
| HSBC UK Bank plc |
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London Mindfulness Meditation Centre Charity registered number: 1202294 (England and Wales) Trustee’s Report
The trustees of London Mindfulness Meditation Centre, present their annual report together with the financial statements for the year ended 31 May 2025, which have been prepared to meet the statutory compliance requirements from the trustees' under applicable laws.
Legal status and constitution
The charitable incorporated organisation (CIO) incorporated under Charities Act 2011 constitutes a public benefit entity and is governed by its constitution dated 29 October 2022.
The CIO was registered with the Charity Commission for England and Wales on 13 March 2023 and its charity registration number is 1202294.
The CIO is also registered with the HM Revenue and Customs as a charity for Gift Aid Scheme.
Objectives and Activities
Summary of the charity purposes
Summary of the purposes of the charity as set out in its governing document, as per Para 1.17 of SORP were; To advance Theravada Buddhism for the benefit of the Congregation and public through the holding of of prayer meeting, meditation, discussions and lectures producing and/or distributing literature to enlighten others about Theravada Buddhism.
Summary of the main activities
The Charity serves both local and wider communities with their religious practices and supportive well-being programmes. The provision of services is either by holding small gatherings or making visits to home where family religious and spiritual needs are fulfilled. The beneficiaries are not just from within the local Council but also Brent, Harrow, Enfield, New Ham, Hillingdon, Watford, Amersham, Aylesbury, Letchworth, Chesham, St. Albans, Slough, High Wycombe, Oxford, (and Chelmsford, Kent, Canterbury, Bristol, Cardiff, Birmingham, Norwich, Sheffield, etc.)
The Charity has conducted religious and spiritual programmes including sermons / lectures and classes on meditation, mindfulness sessions etc. making a contribution to the life of supporters.
During the reporting period, the Charity has:
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Daily morning and evening worship, chanting and meditation
-
Weekly Sutta (Textual Dhamma) discussion
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Weekly Dhamma and language classes for the young on Sundays
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Monthly sermons by invited monks (on Full Moon days)
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Annual New Year blessing programme – January
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Annual Sri Lankan New Year Celebration and Blessing programmes – April
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Annual Rains Retreat religious observance programmes for the Congregation to participate – Daily
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worship, meditation and Dhamma reflections (from Full Moon Day of July to Full Moon Day of November)
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Annual Kathina Robe Offering ceremony (following the above Retreat)
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Continue to provide religious and spiritual support to other organisations such as:
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Lumbini Nepal Buddha Dharma Society UK by attending meetings and conducting religious Programmes
-
Magar Buddhist Society UK by conducting religious programmes at invited gatherings
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Participating in religious events organised by other Buddhist Temples and Associations in and around London and deliver dhamma talks when requested.
Other, ad hoc, but regular services provided upon request are;
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Provide pastoral care
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Hospital and Care Home visits
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Responding to requests to attend hospitals or devotees’ houses to give blessings and comfort in times of sickness
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Conduct funeral services
-
Provide bereavement support
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Remembrance / Thanks giving services (almost weekly)
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Attend and give blessings for weddings, birthdays and anniversaries
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Coaching and Counselling
Statement of compliance on public benefit for future activities
The trustees confirm, as required under Para 1.18 of SORP, that they have referred to the Charity Commission’s guidance on public benefit when reviewing the Charity’s aims and objectives, in planning future activities.
Achievements and Performance
The main aims and purposes of the Charity are the provision of a place for meeting for Buddhist religious practices, celebration of the key events in the Buddhist calendar, and promotion of Theravada Buddhism. However, the Charity has an open-door policy, promoting integration and diversity, where any members of the society with any background are welcome to learn meditation and receive support for well-being.
Financial Review
The Charity entirely relies on donations from the Congregation. The primary expenditures of the Charity are that of day to day running costs, maintenance of the rented premises and the direct costs incurred for the organised religious events.
The charity managed to meet the expenses comfortably and carry forward a surplus. At the end of the reporting period, the Charity had accumulated retained funds of £84,302.75 (2024 - £153,181.27).
5
There were no uncertainties for the charity to continue as a going concern in the foreseeable future.
Structure, Governance and Management
The governing document for the charity is 'Foundation' model Constitution dated 29 October 2022.
The charity is constituted as a charitable incorporated organisation (CIO) under the Charities Act 2011 by the Charity Commission for England and Wales since 13 March 2023. The Charity registration number is 1202294.
The trustee's of the CIO are elected by the members, as per Constitution Para 9 - 10.
The CIO is registered with the HM Revenue and Customs for Gift Aid Scheme.
Trustees
The following person(s) served as trustees during the year:
Ven. Sumana Sramaner
Mr Mallawa Archchige Nande Sisira Perera Gunawardena Dr Rajan Bajracharya, FFPM
Mrs Sunethra Chandrani Gunawardena
Financial Statements
The trustees acknowledge their responsibilities for preparing the CIO financial statements in accordance with the Accounting and Reporting by Charities Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standards applicable in the UK and Republic of Ireland (Charity SORP (FRS 102)) effective 01 January 2015 and the Charities Act 2011.
Declaration
This report was approved by the trustees' board on 24 March 2026 and signed on its behalf by;
Sumana Sramaner Chair, trustee
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London Mindfulness Meditation Centre Independent Examiners’ Report
Independent examiners' report to the trustees of London Mindfulness Meditation Centre
As the trustees of the charity, it is your responsibility to complying with the Charities Act 2011 and the statement of recommended Practice ('SORP') applicable to charities preparing their accounts in accordance with Financial Reporting Standards applicable in the UK (FRS102) effective 01 January 2015 (Charity SORP).
These responsibilities include preparing financial statements that give a true and fair view of the state of charity's affairs at the end of the financial year.
In accordance with charity laws, we have reviewed accounting records kept and whether the accounts were prepared properly from these accounting records and that the correct format was followed. We have no reason to believe that these accounts have any matter of concern that needs to be reported.
We are satisfied that the charity is eligible for independent examination as per Charity Commission guidance, and consequently we have not carried out an audit or any other review.
Sortax Accountants 124-128 City Road London EC1V 2NX
24 March 2026
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London Mindfulness Meditation Centre Statement of Financial Activities
For the year ended 31 May 2025
| Funds generated Donations and legacies Cost of generating funds Cost of generating funds Net funds generated Expenditures on charitable activities Premises costs Other administrative costs Finance costs Total expenditures Net movement in funds Accumulated funds brought forward Transfers and allocations of funds Accumulated funds carried forward |
Note 5 6 7 8 15 |
Unrestricted Funds 2025 £ 70,399.46 5,685.08 64,714.38 22,092.60 2,878.08 16,769.17 41,739.85 22,974.53 60,499.33 83,473.86 - 83,473.86 |
Restricted Funds 2025 £ 95,946.97 - 95,946.97 - - - - 95,946.97 92,681.94 188,628.91 (187,800.02) 828.89 |
Total Total Funds Funds 2025 2024 £ £ 166,346.43 189,352.20 5,685.08 9,346.27 160,661.35 180,005.93 22,092.60 39,663.66 2,878.08 2,344.79 16,769.17 - 41,739.85 42,008.45 118,921.50 137,997.48 153,181.27 15,183.79 272,102.77 153,181.27 (187,800.02) - 84,302.75 153,181.27 |
|---|---|---|---|---|
The notes on pages 10 to 13 form part of these financial statements.
The statement of financial activities contains all recognised gains and losses for the financial period. The results for the period all relates to continuing activities.
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London Mindfulness Meditation Centre Balance Sheet As on 31 May 2025
| London Mindfulness Meditation Centre Balance Sheet As on 31 May 2025 |
|||||
|---|---|---|---|---|---|
| Fixed Assets; Tangible assets Current Assets; Accounts receivables Other receivables Cash in hand & at bank Current Liabilities: amounts falling due in one year Net current assets Long-term Liabilities: amounts falling due after one year Bank loans Net assets Equity; Restricted funds Unrestricted funds Retained equity Net equity and retained funds |
Note 9 10 11 12 13 14 15 |
2025 £ 614,746.40 |
2024 £ - |
||
| 150.00 25,000.00 51,219.74 |
150.00 7,200.00 150,381.27 |
||||
| 76,369.74 1,850.00 74,519.74 424,096.97 265,169.17 828.89 83,473.86 180,866.42 265,169.17 |
157,731.27 4,550.00 |
||||
| 153,181.27 - |
|||||
| 153,181.27 | |||||
| 92,681.94 60,499.33 - |
|||||
| 153,181.27 |
Approved by the trustees' board on 24 March 2026 and signed on its behalf by;
…………………………………………………… Sumana Sramaner Chair, trustee
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London Mindfulness Meditation Centre For the year ended 31 May 2025 Notes to the financial statements
1General information
The charity is a charitable incorporated organization registered with the Charity Commission for England and Wales.
2Statement of compliance
The charity constitutes a public benefit entity as defined by the Charities Act 2011 and the Financial Reporting Standards applicable in the UK and Republic of Ireland (FRS102) effective 01 January 2015 (Charity SORP (FRS 102)).
These financial statements have been prepared in compliance with the Accounting and Reporting by Charities Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standards applicable in the UK and Republic of Ireland (FRS102) effective 01 January 2015 (Charity SORP (FRS 102)) and the Charities Act 2011.
Advantage has been taken of the exemption provided under Charities SORP (FRS 102) for smaller charities from preparing the statement of cash flow.
3Principal accounting policies
Basis of preparation
The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value unless stated otherwise.
The financial information is reported in sterling, which is the functional currency of the charity.
Income
Donations, sponsorships and legacies income is recognised in the year in which the charity is entitled to receipt and the amount can be measured with reasonable certainty.
Expenditure
Costs and obligations are recognised as expenditures or liabilities as soon as there is a legal or constructive obligation committing the charity to that expense or liability, and when it is probable that the settlement will be required and the amount of the obligation can be measured reliably.
Fixed assets
All fixed assets are initially recorded at cost.
10
Depreciation
Depreciation is calculated so as to write off the cost of an asset less its estimated residual value, over the useful economic life of that asset.
Buildings and structures
2% straight-line basis
Leases and hire purchase contracts
Assets held under finance lease are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, determined at the inception of the lease term after adding initial direct costs.
Taxation
London Mindfulness and Meditation Centre is a registered charity and is not liable to United Kingdom income tax or corporation tax on its charitable activities.
Funds
Restricted funds represent voluntary income or grants which have been received for the purposes set out in note 11. The application of these funds is restricted by the expressed wishes of the donor or the terms of the grant.
Unrestricted funds are donations and other income receivable or generated for the objects of the charity without specified purpose.
4Average number of employees
There were no employees during the year ending on 31 May 2025.
| 5- Donations and legacies Donations from individuals and entities Donations and legacies for building fund Income from charitable events Sponsorships Other donations from members Miscellaneous other income 6- Cost of generating funds Dhama school expenses Other costs |
2025 2024 £ £ 56,324.93 65,520.90 95,946.97 92,181.94 12,940.00 20,783.32 - - - 9,550.00 1,134.53 1,316.04 166,346.43 189,352.20 2025 2024 £ £ 5,270.00 9,017.25 415.08 329.27 5,685.08 9,346.52 |
2025 2024 £ £ 56,324.93 65,520.90 95,946.97 92,181.94 12,940.00 20,783.32 - - - 9,550.00 1,134.53 1,316.04 166,346.43 189,352.20 2025 2024 £ £ 5,270.00 9,017.25 415.08 329.27 5,685.08 9,346.52 |
|---|---|---|
| 2024 £ 9,017.25 329.27 |
||
| 9,346.52 |
11
| 7- Premises costs: Rent, rates and charges Light and heating Repairs and maintenance Insurance and renewals 8- Other administrative costs: Telecommunications and internet Printing and stationery Professional fee Bank and card charges Miscellaneous expenses 9- Tangible fixed assets: Land & building Cost At the beginning of the period - Additions during the year 621,680.00 621,680.00 Depreciation: At the beginning of the period - Charge for the year 6,933.60 6,933.60 Net book value: At 31 May 2025 614,746.40 At the beginning of the period - 10- Other debtors: Secure deposit Other debtors 11- Creditors: amounts falling due within one year Accruals Other creditors |
2025 £ 17,437.41 2,795.60 958.27 901.32 22,092.60 2025 £ 534.51 46.95 1,250.00 510.96 535.66 2,878.08 Other fixed assets - - - - - - - - 2025 £ 25,000.00 - 25,000.00 2025 £ 1,250.00 600.00 1,850.00 |
2024 £ 36,694.73 2,768.42 - 200.51 |
2024 £ 36,694.73 2,768.42 - 200.51 |
|---|---|---|---|
| 39,663.66 | |||
| 2024 £ 614.79 - 900.00 564.48 265.52 |
|||
| 2,344.79 | |||
| Total | |||
| - 621,680.00 |
|||
| 621,680.00 - - 6,933.60 |
|||
| 6,933.60 | |||
| 614,746.40 | |||
| - | |||
| 2024 £ 7,200.00 - |
|||
| 7,200.00 | |||
| 2024 £ 1,950.00 2,600.00 |
|||
| 4,550.00 |
12
| 12- Bank loans Bank loans and mortgages Other long-term liabilities 13- Restricted funds Balance at begening of the year Receipts during the year Expended during the year Balance at the end of the year |
2025 2024 £ £ 424,096.97 - - - 424,096.97 - 2025 2024 £ £ 92,681.94 500.00 95,946.97 92,181.94 188,628.91 92,681.94 (187,800.02) - 828.89 92,681.94 |
2024 £ - - |
|---|---|---|
| - |
The purpose of restricted funds was to acquire the Temple property for the advancement of Charity objectives.
| 14- Unrestricted funds Balance at begening of the year Receipts during the year Expended during the year Balance at the end of the year 15- Retained equity Balance at begening of the year Transfers and allocations during the year Expended during the year Balance at the end of the year |
2025 2024 £ £ 60,499.33 14,683.79 70,399.46 97,170.26 130,898.79 111,854.05 (47,424.93) (51,354.72) 83,473.86 60,499.33 2025 2024 £ £ - - 187,800.02 - 187,800.02 - (6,933.60) - 180,866.42 - |
2025 2024 £ £ 60,499.33 14,683.79 70,399.46 97,170.26 130,898.79 111,854.05 (47,424.93) (51,354.72) 83,473.86 60,499.33 2025 2024 £ £ - - 187,800.02 - 187,800.02 - (6,933.60) - 180,866.42 - |
|---|---|---|
| 2024 £ - - |
||
| - - |
||
| - |
16- Related party transactions:
There were no transactions with related parties undertaken this year such as are required to be disclosed under the Charities SORP (FRS 102) or the Charities Act 2011.
17- Public benefit entity concessionary loans
There were no concessionary loans made or received with related parties this year such as are required to be disclosed under the Charities SORP (FRS 102) or the Charities Act 2011.
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