## **THAMES MEDITATION SOCIETY ANNUAL REPORT & FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025** 

**Registered Charity (England & Wales)** 

**: 289655** 

**TRUSTEES’ ANNUAL REPORT** FOR THE YEAR ENDED 31 AUGUST 2025 

## **CONTENTS** 

|**CONTENTS**||
|---|---|
||**Pages**|
|Trustees’ Annual Report|03 - 07|
|Independent Examiner’s Report|08|
|Statement of Financial Activities (Including Income & Expenditure Account)|09|
|Balance Sheet|10|
|Notes to the Financial Statements|11 - 17|



**2** 

**TRUSTEES’ ANNUAL REPORT** FOR THE YEAR ENDED 31 AUGUST 2025 

The trustees are pleased to present their report and financial statements together with the independent examiner’s report for the year ended 31 August 2025. 

## **OBJECTS & ACTIVITIES** 

## **Objects** 

1. Promote, foster and propagate and provide facilities for the study and practice of Theravada Buddhism including meditation and all such matters incidental, conducive, and/or related thereto. Such facilities to benefit all members of the Society and all those interested in the teachings of the Buddha; 

2. Establish and maintain appropriate libraries, reading rooms, scholarships and other similar institutions; 

3. Publish and arrange for the publication of newspapers, books, periodicals, websites and other literature dealing with the activities of the Society; 

4. Affiliate and cooperate with and/or take over other societies and/or trusts, having similar objects. 

## **ACHIEVEMENTS & PERFORMANCE** 

We are proud to announce the completion of our 44th successful year. The Thames Meditation Society continues to strengthen and sustain the Thames Buddhist Vihara as a peaceful sanctuary for worship and spiritual growth, serving the Buddhist community across the UK. 

## _**Key Events Since the Last AGM (24 November 2024)**_ 

- 15 December 2024 – Sanghamitta Day 

Commemorated the arrival of Arahat Nun Sanghamitta and the founding of the Buddhist Nuns’ Order in Sri Lanka. 

- 1 January 2025 – New Year Pirith Chanting 

Three special chanting sessions were conducted by resident Venerables to usher in blessings for the New Year. 

- 4 February 2025 – Independence Day Pooja 

A special evening pooja was held to mark the 77th Independence Day of Sri Lanka. 

- 27 April 2025 – Sinhala & Tamil New Year Festival 

A vibrant celebration led by Most Venerable Siridhamma Thero and resident monks, bringing the spirit of Sri Lanka to life. 

- 18 May 2025 – Vesak Day 

**3** 

**TRUSTEES’ ANNUAL REPORT** 

FOR THE YEAR ENDED 31 AUGUST 2025 

Observed the Birth, Enlightenment, and Passing Away of the Buddha. Many devotees observed Atasil and offered Dana. 

- 25 May 2025 – Children’s Sil Programme 

A special programme designed for young devotees. 

- 26 May 2025 – Ashirvada Pooja 

Blessings offered for a long life to Most Venerable Pahalagama Somarathana Nayaka Thero, founder of the Thames Buddhist Vihara. 

- 31 May 2025 – Dhamma Talk 

Delivered by Most Venerable Thalalle Chandakitthi Thero. 

- 15 June 2025 – Poson Poya Day 

Marked the arrival of Arahath Mahinda Thero in Sri Lanka. Included Sil observance, Dana offerings, and devotional songs by Dhamma School children. 

- 17 June 2025 – Dhamma Talk by Ajahn Brahm Thero 

A special session by the internationally renowned monk. 

- 29 June 2025 – Dhamma Talk 

By well-known Sri Lankan Buddhist monk Most Venerable Alawwuwe Anomadassi Thero. 

- 7–9 July 2025 – Meditation Retreat 

Led by Ven. Udairiyagama Dhammajeeva and Ven. Panadure Chandarathana Thero from Meethirigala Nissarana Monastery. 

- 10 July 2025 – Vas Aradhana Pooja 

Invitation ceremony for monks to observe the Vas season. 

- 12 July 2025 – 44th Anniversary of the Vihara 

Celebrated with Atavisi Buddha Pooja and Pirith Chanting, attended by many Venerables from across the UK. 

- 12 October 2025 – Katina Ceremony 

Annual robe offering to a Venerable who observed the Vas retreat, with participation from temples nationwide. 

**4** 

**TRUSTEES’ ANNUAL REPORT** FOR THE YEAR ENDED 31 AUGUST 2025 

## _**Ongoing Programs and Outreach**_ 

- Monthly Sil and Meditation Programs 

- Dhamma Suthra Discussions (Special thanks to Most Ven. Eheliyagoda Dhammapala Thero for conducting sessions from Sri Lanka) 

- Sadaham Aruna Sermons (Last Saturday of each month) 

- Children’s Dhamma Talk in English (During Vas, led by Ven. Akurala Samithe Thero) 

- Community outreach by resident Venerables, including home and hospital visits 

## _**Gratitude and Acknowledgements**_ 

We extend our heartfelt thanks to: 

- All resident and visiting Venerables 

- Volunteer teachers and supportive parents of the Dhamma School 

- Committee members and devoted supporters 

- Our Hon. Treasurer for his unwavering dedication 

Together, we have had a truly successful and spiritually enriching year. 

May the blessings of the Triple Gem be upon you all. 

Thank you 

Nihal Jayatilaka 

Hon Secretary 

## **FINANCIAL REVIEW** 

## **Summary** 

The society’s main income source remains donations from the devotes to the Thames Buddhist Vihara. We sincerely appreciate everyone’s commitment for this purpose and also the non-financial contributions made by everyone throughout the year. Current year was a challenging year with no additional fundraising events being held. However, with the support of resident monks, Temple functions were performed largely virtually and expenses were maintained at manageable levels. 

## **Risk Management** 

The trustees regularly review the risks to which the Association is exposed. They do not consider that there are any substantial risks beyond the liabilities disclosed in the financial statements. The charity had no employees and no leased premises. 

**5** 

**TRUSTEES’ ANNUAL REPORT** FOR THE YEAR ENDED 31 AUGUST 2025 

## **Reserves Policy** 

The Society maintains a healthy reserve from accumulated net income and there were no changes made to these during the year. 

## **STRUCTURE GOVERNANCE AND MANAGEMENT** 

## **Governing Document** 

The society was originally established in 1984 as an unincorporated charity by a constitution dated 3[rd] June 1984 as amended on 27[th] Nov 2021. There were 10 trustees during the year ended 31 Aug 2025. 

## **Appointment of Trustees** 

Elected trustees must be subscribing members of the society. To be appointed and elected as a trustee, a subscriber to the society must be a member for at least 6 months. All trustees are appointed at the annual general meeting of the society. 

Retiring trustees are eligible for re-election. 

## **Organizational Structure** 

The following committees were in operation during the year ended 31 Aug 2025. 

- General Committee 

## **REFERENCE AND ADMINISTRATIVE DETAILS** 

**Charity Name** THAMES MEDITATION SOCIETY 

**Charity No** _**(England & Wales)**_ 289655 

**Registered Address** 49 

Dulverton Road Selsdon Surrey CR2 8PJ 

**Website Address** www.thamesbuddhistvihara.org 

**6** 

**INDEPENDENT EXAMINER’S REPORT** FOR THE YEAR ENDED 31 AUGUST 2025 

**Current Trustees** _**(Elected)**_ All those who served as a trustee in the reporting period and as at date the report was approved. The custodian trustees stated below held the title to the property at No 49, Dulverton Road, Selsdon, Surrey, CR2 8PJ during the period. **Members of the Committee** Dr. Chandra Mendis (Chair of Trustees) Mr. Roshan Asanga Perera (Hon. Treasurer) Mr. Ravindra Nihal Jayathilake (Hon. Secretary) Dr. Mahipala Dissanayake Dr. Sunil Ranjit Jayawardhana Mr. Sanjaya C Kodituwakku Mr. Welikalage Nihal Ananda Mr. Ishara B Kapilarathna Dr. H. M. Kularatne (Custodian Trustee) Mr. Madawala Hemananda (Custodian Trustee) **Bankers** Barclays Bank Leicester LE87 2BB **Independent Examiner** MGT SILVER THRONE **Chartered Accountants and Tax Advisers** Cloud Business Hub 23, Sangley Road London SE25 6QT 

## **APPROVAL** 

This report was approved by the trustees on 4 November 2025 and signed on their behalf by: 

…………Signed………………… Ravindra Nihal Jayathilake Hon. Secretary 

**7** 

**INDEPENDENT EXAMINER’S REPORT** FOR THE YEAR ENDED 31 AUGUST 2025 

## **Independent examiner's report to the trustees of THAMES MEDITATION SOCIETY** 

I report to the trustees on my examination of the accounts of the Thames Meditation Society for the year ended 31 August 2025, which are set out on pages 9 to 17. 

## **Respective responsibilities of trustees and examiner** 

As the charity trustees of Thames Meditation Society, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’). 

I report in respect of my examination of the Charity accounts carried out under section 145 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. 

## **Basis of independent examiner’s report** 

My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below. 

## **Independent examiner’s statement** 

I have completed my examination. I confirm that no material matters except that referred to in the following paragraph under “emphasis of matter” have come to my attention in connection with the examination giving me cause to believe that in any material respect: 

- a) accounting records were not kept in respect of the Trust as required by section 130 of the Act; or 

- b) the accounts do not accord with those records; or 

- c) 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 other than any requirement that the accounts give a ‘true and fair view which is not a 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. 

## **Emphasis of matter** 

As disclosed and included under other donations in note 3 to the financial statements, the charity has received various amounts of donations (£18,017.78) in the form of cash and cheques. In the absence of a receipt book, we were unable to identify and verify the accuracy and completeness of these deposits. 

………..Signed………………………. Terrance Gunaratne BSc, ACA, CPFA 

MGT SILVER THRONE Chartered Accountants and Tax Advisers Cloud Business Hub 23 Sangley Road London SE25 6QT 

5 November 2025 

**8** 

## **STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME & EXPENDITURE ACCOUNT)** FOR THE YEAR ENDED 31 AUGUST 2025 

||**Note**|**Unrestricted**<br>**Funds**<br>**£**|**Restricted**<br>**Funds**<br>**£**|**Total**<br>**2025**<br>**£**|Total<br>2024<br>£|
|---|---|---|---|---|---|
|**Income from:**||||||
|Donations|3|64,368                             -|64,368                             -|64,368                             -<br>**64,368**|**64,368**68,011|
|Investment Income|4|998                        300|998                        300|998                        300<br>**998**|**998**1,350|
|Total||65,366                        300|65,366                        300|65,366                        300<br>**65,366**|**65,366**69,361|
|**Expenditure on:**||||||
|Charitable Activities|5|( 49,923) -|-|-<br>**( 49,923)**|( 39,026)|
|Unrealized (loss)/gain on Investment||399                             -|399                             -|399                             -<br>**399**|**399**<br>39.00|
|Total||( 49,524) -|-|-<br>**( 49,524)**|( 38,987)|
|**Net income/(expenditure)**||15,842|300|300<br>**15,842**|**15,842**<br>30,374.00|
|**Transfers between funds**||-                             -                           -|-                             -                           -|-                             -                           -|0.00|
|**Net movement in funds**||15,842|300|300<br>**15,842**|**15,842**<br>30,374.00|
|**Reconciliation of funds**||||||
|Total funds as at 01 Sep||462,534                  20,584             483,118|462,534                  20,584             483,118|462,534                  20,584             483,118|462,534                  20,584             483,118<br>454,197|
|**Total funds as at 31 Aug**||478,376                  20,884|478,376                  20,884|478,376                  20,884<br>**499,260**|483,118|



All income and expenditure and the resulting net movement in funds arise from continuing operations. 

The Notes on pages 11 to 17 form an integral part of these accounts. 

**9** 

**BALANCE SHEET** AS AT 31 AUGUST 2025 

|||**Unrestricted**|**Restricted**|**Total**||Total|
|---|---|---|---|---|---|---|
||**Note**|**Funds**|**Funds**|**2025**||2024|
|||**£**|**£**|**£**||£|
|**Fixed Assets:**|||||||
|Tangible Fixed Assets|7|386,540                         -|386,540                         -|386,540                         -**386,540**|**386,540**|364,593|
|Investments|8|766                         -|766                         -|766                         -**766**|**766**|367|
|**Current Assets:**|||||||
|Debtors|9|8,870                         -|8,870                         -|8,870                         -<br>**8,870**||11,897|
|Cash at bank and in hand|10|83,532             20,884|83,532             20,884|83,532             20,884<br>**104,416**||106,700|
|||92,402             20,884|92,402             20,884|92,402             20,884<br>**113,286**||118,597|
|**Liabilities:**|||||||
|Creditors (Due within one year)|11|1,332                         -|1,332                         -|1,332                         -<br>**1,332**||439|
|**Net Current Assets**||91,070             20,884|91,070             20,884|91,070             20,884**111,954**|**111,954**|118,158|
||||||||
|**Net Assets**||478,376|20,884|**499,260**||483,118|
|**Funds of the charity:**|||||||
|Restricted funds|12|-             20,884|-             20,884|-             20,884**20,884**|**20,884**|20,584|
|Unrestricted funds|12|478,376                         -|478,376                         -|478,376                         -**478,376**|**478,376**|462,534|
|||478,376             20,884|478,376             20,884|478,376             20,884**499,260**|**499,260**|483,118|



These accounts on pages 09 to 17 were approved by the trustees of the Thames Meditation Society at the General Meeting held on 5 November 2025 and signed on their behalf by: 

………Signed...……………… **Name:** Chandra Mendis **Chair of Trustees** 

………Signed………….…….. **Name:** Roshan Asanga Perera **Treasurer** 

The notes on pages 11 to 17 form part of these financial statements. 

**10** 

**NOTES TO THE FINANCIAL STATEMENTS** FOR THE YEAR ENDED 31 AUGUST 2025 

## **1.        Basis of Preparation** 

- 1.1. These accounts (financial statements) have been prepared under the historic cost convention, with items recognised at cost or transaction value, unless otherwise stated in the relevant note(s), in accordance with: 

   - a. The Charities Act 2011 

   - b. Charities (Accounts and Reports) Regulations 2008 

   - c. Accounting & Reporting by Charities: Statement of Recommended Practice (Charities SORP FRS102) (effective January 2015) 

- 1.2.   The trustees consider that there are no material uncertainties about the charity’s ability to continue as a going concern. 

## **2.        Accounting Policies** 

## 2.1. **Fund accounting** 

- a) Unrestricted funds are  those  that  can  be  expended  at  the  discretion  of  the  trustees in  the furtherance of the objects of the charity and have not been designated for other purposes. 

- b) Designated funds are unrestricted funds earmarked by trustees for particular purposes. 

- c) Restricted funds are those that may only be used for specific purposes. Restrictions arise when specified by the donor, funding authority or when funds are raised for specific purposes. 

- d) The purposes of the funds are shown in Note 13. 

## 2.2 **.    Incoming Resources** 

- (a) Income is recognised and included in the Statement of Financial Activities (SoFA) when the charity becomes entitled to the income; receipt is probable; and the monetary value can be measured with sufficient reliability. No amounts are included in the financial statements for services donated by volunteers. 

- (b) Where income has related expenditure (e.g. conferences and training courses), the income and related expenditure are reported gross in the SoFA. 

- (c) Member subscriptions, other donations and Bank interest is recognised when received and credited to the account. 

- (d) Gift Aid is recognised in the same accounting period as the donation to which it relates. 

## 2.3. **Resources Expended and Liabilities** 

- (a) Expenditure is recognised on the accrual basis. 

- (b) The charity is not registered for VAT, thus all costs are shown inclusive of VAT charged. 

- (c) Liabilities are recognised  as  soon  as  there  is  a  legal  or  constructive  obligation  to  pay 

   - out resources. 

- (d) Governance costs include the costs of preparation and examination of the statutory accounts, the cost of trustee meetings and the cost of any legal advice to trustees on governance or constitutional matters. 

**11** 

**NOTES TO THE FINANCIAL STATEMENTS** FOR THE YEAR ENDED 31 AUGUST 2025 

## 2.5. **Tangible assets and Depreciation** 

- a) Tangible assets are capitalised if they can be used for more than one year. They are valued at cost or, if gifted, at their value on receipt. 

- b) Depreciation is provided as follows 

   - i. Buildings - 2% on Straight Line Method 

   - ii. Computer Equipment – 25% on Straight Line Method 

   - iii. Land – Not Depreciated 

## 2.6. **Foreign Currencies** 

Transactions in foreign currencies are recognized and recorded at the rate prevailing at the time of the transactions. Monetary assets and liabilities are retranslated at the rate of exchange prevailing at the balance sheet date. Any differences are taken to the statement of financial activities. 

## 2.7. **Investment** 

Investment is recognized at the net realizable value (NRV). Any diminution in value is charged to income and expenditure in the year in which such diminution is recognized. 

## 2.8. **Cash** 

- a) Cash   comprises   bank   deposits   repayable   on   demand   without penalty. 

- b) Cash balances also include any short-term   highly liquid assets with a maturity date of three months or less from the date of acquisition or opening of the deposit or similar account. 

## 2.9. **Taxation** 

The charity is not liable to income tax or capital gains tax on its charitable activities. 

**12** 

**NOTES TO THE FINANCIAL STATEMENTS** FOR THE YEAR ENDED 31 AUGUST 2025 

## **3. Income from Donations** 

||Unrestricted<br>Funds<br>£|Restricted<br>**Total**<br>Funds<br>**2025**<br>£<br>**£**|Total<br>2024<br>£|
|---|---|---|---|
|Membership Subscriptions|11,550|-**11,550**14,040|14,040|
|Other Donations|45,073|-**45,073**43,220|43,220|
|Gift Aid|7,745|-**7,745**10,751|10,751|
||64,368|-**64,368**68|68,011|



## **4. Investment Income** 

||Unrestricted|Restricted<br>**Total**|Total|
|---|---|---|---|
||Funds|Funds<br>**2025**|2024|
||£|£<br>**£**|£|
|Interest Income|998|**998**|1,350|
||998|-**998**|1,350|



## **5. Expenditure on Chartable Activities** 

||Unrestricted|Restricted|**Total**||Total|
|---|---|---|---|---|---|
||Funds|Funds|**2025**||2024|
|**_Direct Costs_**|£|£|**£**||£|
|Dhamma School Expenses|664 -|-|-**664**|**664**|40|
|Annual Pirith Ceremony|1,900                    -|1,900                    -|1,900                    -**1,900**|**1,900**|3,777|
|New Year Event|14,228|-|-**14,228**|**14,228**|10,437|
||16,792|-|-**16,792**|**792**|14,254|



**13** 

## **NOTES TO THE FINANCIAL STATEMENTS** 

## FOR THE YEAR ENDED 31 AUGUST 2025 

|**_Support Costs_**|||||
|---|---|---|---|---|
|Office Rent and  Rates|1,481<br>-|-|-**1,481**|1,406|
|Business Insurance|1,050<br>-|-|-**1,050**|1,022|
|Gas, Water & Electricity|11,723<br>-|-|-**11,723**|7,952|
|Repairs and Maintenance|694<br>-|-|-**694**|1,354|
|Telephone & Internet|450<br>-|-|-**450**|1,441|
|Travel|4,063<br>-|-|-**4,063**|3,381|
|Depreciation|9,548<br>-|-|-**9,548**|7,683|
|Paypal Charges|99<br>-|-|-**99**|59|
|Governance Costs (Note 6)|941<br>-|-|-**941**|474|
|General Expenses|3,082<br>-|-|-**3,082**|1,453|
||33,131<br>-|-|-**33,131**|26,225|
|Total|49,923<br>-|-|-**49,923           40**|**923           40,479**|



## **6. Governance Costs** 

|**6. Governance Costs**||||||
|---|---|---|---|---|---|
|||||**2025**<br>**£**|2024<br>£|
|Independent Examiner's Fee||||**894**<br>439|439|
|ICO Registration|||**47**|**47**35|35|
||||**941**|**941**474|474|
|**7. Fixed Assets**||||||
||Land and|Capital Work|Computer|**Total**|Total|
||Buildings|in Progress|E'ments|**2025**|2024|
||£|£|£|**£**|£|
|**_Cost_**||||||
|As at 1 Sep|355,434|15,859|12,025|**383,318**|353,209|
|Addition during the year|47,354|31,495|-|**78,849**|46,859|
|Disposal/Transfers|-|( 47,354)|-||( 16,750)|
|As at 31 Aug|402,788|-|12,025|**414,813**|383,318|
|**_Depreciation_**||||||
|As at 1 Sep|8,192|-|10,533|**18,725**|11,042|
|Charge for the year|8,056|-|1,492|**9,548**|7,683|
|As at 31 Aug|16,248|-|12,025|**28,273**|18,725|
|**_Net Book Value_**||||||
|As at 31 Aug|386,540|-|-|**386,540**|364,593|



**14** 

**NOTES TO THE FINANCIAL STATEMENTS** FOR THE YEAR ENDED 31 AUGUST 2025 

## **8. Investments** 

||Unrestricted<br>Funds<br>£|Restricted<br>Funds<br>£|**Total**<br>**2025**<br>**£**||Total<br>2024<br>£|
|---|---|---|---|---|---|
|Net Realizable Value as at 31 Aug<br>Less: Appreciation in value|367<br>399|-<br>-|**367**<br>**399**|**367**<br>**399**|328<br>39|
|**9. Debtors**<br>Net Realizable Value as at 31 Aug|766|-|**766**|**766**|367|
||Unrestricted<br>Funds<br>£|Restricted<br>Funds<br>£|**Total**<br>**2025**<br>**£**||Total<br>2024<br>£|
|Gift Aid receivable|7,554                    -|7,554                    -|7,554                    -**7,554**|**7,554**|10,593|
|Other debtors|534                    -|534                    -|534                    -**534**|**534**|568|
|Prepayments                                                 782                    -|Prepayments                                                 782                    -|Prepayments                                                 782                    -|Prepayments                                                 782                    -**782**|**782**|736|
||8,870                    -|870                    -|870                    -**8,870**|**870**|11,897|



## **9. Debtors** 

## **10. Cash at bank and in Hand** 

||Unrestricted|Restricted|**Total**||Total||
|---|---|---|---|---|---|---|
||Funds|Funds|**2025**||2024||
||£|£|**£**||£||
|Bank Current account|10,719<br>-|-|-**10,719**|**10,719**|14,336|14,336|
|Bank Savings account|72,813           20,884|72,813           20,884|**93,697**|**93,697**|92,364|92,364|
|Paypal Account|-<br>-|-|-<br>**-**|**-**|**-**<br>-|-|
||83,532|20,884|**104,416**|**416**|106,700|700|



## **11. Creditors: amounts falling due within one year** 

|**11. Creditors: amounts falling due within one year**||||
|---|---|---|---|
||**2025**||2024|
||**£**||£|
|Sundry Creditors|**1,332**|**1,332**|439|
||**1,332**|**332**|439|



**15** 

**NOTES TO THE FINANCIAL STATEMENTS** FOR THE YEAR ENDED 31 AUGUST 2025 

## **12. Movement in Funds (Current year)** 

||As at|Incoming|Outgoing|**As at**|
|---|---|---|---|---|
||01/09/24|Resources|Resources|Transfers<br>**31/08/25**|
||£|£|£|£<br>**£**|
|**_Unrestricted funds_**|||||
|General fund|462,534                65,366|462,534                65,366|( 49,524)<br>-|-<br>**478,376**|
|**_Restricted funds_**|||||
|Mansell Davis Fund|20,584                      300                          -|20,584                      300                          -|20,584                      300                          -|0**20,884**|
|Building Fund|-                           -|-                           -|0<br>-|-**-**|
||20,584                      300|20,584                      300|0|0**20,884**|
|Total funds|483,118|65,666|( 49,524)<br>-|-<br>**499,260**|



## **Movement in Funds (Prior year)** 

**16** 

**NOTES TO THE FINANCIAL STATEMENTS** FOR THE YEAR ENDED 31 AUGUST 2025 

## **13. Purpose of Funds** 

## **Unrestricted Funds** 

General fund – The funds that can be expended at the discretion of the trustees in furtherance of the objects of the charity. 

## **Restricted Funds** 

Mansell Davis fund – The fund that is to be used for the construction of a building. 

Building fund - The fund that is to be used for the extension of the existing building. 

## **14. Transactions with Trustees and Related Parties** 

- a) The charity has no employees. 

- b) The charity's insurance policy includes officer bearers’ liability. 

End of Report 

**17**