Charity registration number: 328075
TISARANA VIHARA ASSOCIATION TRUSTEES' REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025
Tisarana Vihara Association Contents
| Page | |
|---|---|
| Reference and Administrative Details | 1 |
| Trustees' Report | 2—3 |
| Independent Examiner's Report | 4 |
| Statement of Financial Activities | 5 |
| Statement of Financial Position | 6 |
| Notes to the Financial Statements | 7—10 |
| The following pages do not form part of the statutory accounts: | |
| Detailed Statement of Financial Activities | 11 |
Tisarana Vihara Association Reference and Administrative Details For The Year Ended 5 April 2025
| Trustees | Dr Wilbert Hoe |
|---|---|
| Mrs Tin Tin Win | |
| Venerable Ashin U Lokanatha - Chair (resigned 15/06/2025) | |
| Dr Kay Khine Htun (resigned 25/06/2025) | |
| Venerable Ashin Janaka - Chair (appointed 15/06/2025) | |
| Mrs Khin Kyaw Nadarajah (appointed 15/06/2025) | |
| Mr Justin King (appointed 15/06/2025) | |
| Mr Nine Linn Htet (appointed 15/06/2025) | |
| Mr Nyi Nyi (appointed 15/06/2025) | |
| Dr Win Win Maw (appointed 15/06/2025) | |
| Mrs Mon Mon Tun (appointed 15/06/2025) | |
| Mr Ne Lin Aung (resigned 15/06/2025) | |
| Mr Tun Tun (resigned 15/06/2025) | |
| Mrs Thida Tun (resigned 15/06/2025) | |
| Dr Kynn Kynn Win (resigned 15/06/2025) | |
| Charity Number | 328075 |
| Principal Address | 357-361 Nelson Road |
| Twickenham | |
| Middlesex | |
| TW2 7AG | |
| Independent Examiner | Zar Ni Soe FCCA BSc Hons |
| Soe Accountancy | |
| Chartered Certified Accountant | |
| 100 Croydon Road | |
| Beddington | |
| CR0 4PE |
Page 1
Tisarana Vihara Association Trustees' Report For The Year Ended 5 April 2025
The trustees present their report and the financial statements for the year ended 5 April 2025.
Objectives and Activities
Aims and Objectives
The objectives of the Charity are:
-
To advance Theravada Buddhism in the United Kingdom
-
To advance the education of the public concerning the Burmese culture and Buddhism as practised in the Burmese cultures; and
-
The relief of poverty, sickness and distress arising there from and of old age and in particular but without limiting the foregoing of persons who are adherents of the Buddhism faith.
The activities of the Charity are the advancement of Theravada Buddhism in the United Kingdom through the establishment of a monastery for Buddhist Monks who promote the practise of Buddhism in the Burmese culture by means of connected activities and religious instructions.
Public Benefit
The trustees confirm that they have complied with the requirements of Section 17 of the Charities Act 2011 to have due regard to the Charity Commission’s guidance on public benefit.
Achievements and Performance
Main Achievements
The achievements during the year have not changed materially or in principle and have included.
-
Continuing to help and assist Burmese Community in UK
-
The residing monks have regular Buddhist Chanting, Dhamma Talk and Mediation Session where lay people can attend.
-
All 3 levels of Abhidhama (Buddha’s Teaching) classes are run by residing monks every Sunday. Sunday school for young children to learn Buddhist culture and Burmese language
-
Travelling to Europe to guide Burmese Community and European converts during annual ceremonies, mediation or novice and monkhood ordinations.
Providing annual meditation retreats
Financial Review
Financial Position
The Statement of Financial Activities showed net surplus of £16,644 (2024 – £15,896) for the year and reserves stand at £1,100,702 (2024 - £1,084,058).
Reserves Policy
The Trustees consider it prudent to maintain an adequate level of unrestricted reserves to cover the Charity’s contractual commitments and provide sufficient working capital.
Structure, Governance and Management
Governing Document
The charity is controlled by its governing document, a deed of trust, and constitutes an unincorporated charity.
Page 2
Tisarana Vihara Association Trustees' Report (continued) For The Year Ended 5 April 2025
Statement of Trustees' Responsibilities
The trustees are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing the financial statements the trustees are required to:
select suitable accounting policies and then apply them consistently; observe the methods and principles in the Charity SORP;
make judgments and accounting estimates that are reasonable and prudent; and
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustees are responsible for keeping adequate accounting records which disclose with reasonable accuracy at anytime the financial position of the charity and to enable them to ensure that the accounts comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charity's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
The trustees' report was approved by the board of trustees and signed on its behalf by:
Venerable Ashin Janaka
Trustee 03/03/2026
Page 3
Tisarana Vihara Association Independent Examiner's Report to the Trustees of Tisarana Vihara Association For The Year Ended 5 April 2025
I report to the trustees on my examination of the accounts of Tisarana Vihara Association (the Trust) for the year ended 5 April 2025.
Responsibilities and Basis of Report
As the charity trustees of the Trust 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 Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent Examiner's Statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the applicable requirements concerning the form and contents 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. avi _
Zar Ni Soe FCCA BSc Hons 03/03/2026 100 Croydon Road Beddington CR0 4PE
Page 4
Tisarana Vihara Association Statement of Financial Activities For The Year Ended 5 April 2025
| Notes INCOME AND ENDOWMENTS FROM: Donations and legacies 3 Investments 4 EXPENDITURE ON: Raising funds 6 Charitable activities: 6 NET INCOME NET MOVEMENT IN FUNDS RECONCILIATION OF FUNDS: Total funds brought forward TOTAL FUNDS CARRIED FORWARD 12 |
2025 Unrestricted funds £ 84,589 1,815 |
2024 Unrestricted funds £ 121,109 1,409 |
|---|---|---|
| 86,404 | 122,518 | |
| (5,333) (64,427) |
(10,497) (96,125) |
|
| (69,760) | (106,622) | |
| 16,644 | 15,896 | |
| 16,644 1,084,058 |
15,896 1,068,162 |
|
| 1,100,702 | 1,084,058 |
The notes on pages 7 to 10 form part of these financial statements.
Page 5
Tisarana Vihara Association Statement of Financial Position As At 5 April 2025
| 2025 | 2024 | ||
|---|---|---|---|
| Unrestricted | Total | ||
| funds | funds | ||
| Notes | £ | £ | |
| FIXED ASSETS | |||
| Tangible Assets | 10 | 625,332 | 649,660 |
| 625,332 | 649,660 | ||
| CURRENT ASSETS | |||
| Debtors | 11 | 37,823 | 40,823 |
| Cash at bank and in hand | 437,547 | 393,575 | |
| 475,370 | 434,398 | ||
| NET CURRENT ASSETS (LIABILITIES) | 475,370 | 434,398 | |
| TOTAL ASSETS LESS CURRENT LIABILITIES | 1,100,702 | 1,084,058 | |
| NET ASSETS | 1,100,702 | 1,084,058 | |
| FUNDS OF THE CHARITY | |||
| Unrestricted Funds | 1,100,702 | 1,084,058 | |
| TOTAL FUNDS | 12 | 1,100,702 | 1,084,058 |
| On behalf of the board |
Venerable Ashin Janaka Trustee 03/03/2026
The notes on pages 7 to 10 form part of these financial statements.
Page 6
Tisarana Vihara Association Notes to the Financial Statements For The Year Ended 5 April 2025
1. General Information
Tisarana Vihara Association is an unincorporated charity registered with the Charity Commission, registered charity number 328075. The principal address is 357-361 Nelson Road, Twickenham, Middlesex, TW2 7AG.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared in accordance with the Charities SORP (FRS 102) "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)", Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities Act 2011.
The charity is a Public Benefit Entity as defined by FRS 102.
2.2. Incoming Resources
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
2.3. Resources Expended
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold Over 50 years Fixtures & Fittings 25% Straight line
2.5. Cash and Cash Equivalents
Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.
2.6. Taxation
The charity is exempt from tax as all its income is charitable and applied for charitable purposes.
3. Income from Donations and Legacies
| Donations and gifts Gift aid . Investment Income Bank interest receivable |
2025 Unrestricted funds £ 78,715 5,874 |
2024 Unrestricted funds £ 100,403 20,706 |
|---|---|---|
| 84,589 | 121,109 | |
| 2025 Unrestricted funds £ 1,815 |
2024 Unrestricted funds £ 1,409 |
4. Investment Income
Page 7
Tisarana Vihara Association Notes to the Financial Statements (continued) For The Year Ended 5 April 2025
5. Net Income/(Expenditure)
The net income is stated after charging/(crediting):
Depreciation of tangible fixed assets - owned
| 2025 | 2024 |
|---|---|
| £ | £ |
| 24,328 | 27,737 |
6. Analysis of Expenditure
| Raising funds Raising funds 7. Support Costs Premises expenses General administration Premises expenses General administration 8. Independent Examiner's Remuneration Independent examination of the financial statements |
Activities undertaken directly £ 5,333 24,328 |
Support costs (see note 7) £ - 40,099 |
2025 Total £ 5,333 64,427 |
|---|---|---|---|
| 29,661 | 40,099 | 69,760 | |
| Activities undertaken directly £ 10,497 27,737 |
Support costs (see note 7) £ - 68,388 |
2024 Total £ 10,497 96,125 |
|
| 38,234 | 68,388 | 106,622 | |
| 2025 £ 1,050 |
2025 £ 14,128 25,971 |
||
| 40,099 | |||
| 2024 £ 16,716 51,672 |
|||
| 68,388 | |||
| 2024 £ 1,450 |
Page 8
Tisarana Vihara Association Notes to the Financial Statements (continued) For The Year Ended 5 April 2025
9. Average Number of Employees
Average number of employees during the year was: NIL (2024: NIL)
10. Tangible Assets
| Cost As at 6 April 2024 As at 5 April 2025 Depreciation As at 6 April 2024 Provided during the period As at 5 April 2025 Net Book Value As at 5 April 2025 As at 6 April 2024 1. Debtors Due within one year Other debtors 2. Movement in Funds Unrestricted funds General: General unrestricted fund Total funds Unrestricted funds General: General unrestricted fund Total funds |
As at 6 April 2024 £ 1,084,058 |
Land & Property Freehold £ 788,014 |
Land & Property Freehold £ 788,014 |
Fixtures & Fittings £ 130,595 |
Total £ 918,609 |
|---|---|---|---|---|---|
| 788,014 | 130,595 | 918,609 | |||
| 150,585 15,760 |
118,364 8,568 |
268,949 24,328 |
|||
| 166,345 | 126,932 | 293,277 | |||
| 621,669 | 3,663 | 625,332 | |||
| 637,429 | 12,231 | 649,660 | |||
| Income £ 86,404 |
2025 £ 37,823 Expenditure £ (69,760) |
2024 £ 40,823 |
|||
| As at 5 April 2025 £ 1,100,702 |
|||||
| 1,084,058 | 86,404 | (69,760) | 1,100,702 | ||
| As at 6 April 2023 £ 1,068,162 |
Income £ 122,518 |
Expenditure £ (106,622) |
As at 5 April 2024 £ 1,084,058 |
||
| 1,068,162 | 122,518 | (106,622) | 1,084,058 |
11. Debtors
12. Movement in Funds
- Transactions with Trustees
Page 9
Tisarana Vihara Association Notes to the Financial Statements (continued) For The Year Ended 5 April 2025
None of the trustees received any remuneration or any other benefits from an employment with the charity or a related entity during the current or previous year.
No trustee expenses have been incurred.
14. Related Party Disclosures
There have been no related party transactions in the reporting period that require disclosure.
Page 10
Tisarana Vihara Association Detailed Statement of Financial Activities For The Year Ended 5 April 2025
| INCOME AND ENDOWMENTS FROM: Donations and legacies Donations from individuals Gift aid Investments Bank interest receivable EXPENDITURE ON: Raising funds Food and consumables Honorariums Equipment hires Hire and leasing of plant, equipment and vehicles Printing, postage and stationery Charitable Activities: Depreciation of fixtures and fittings Depreciation of freehold land and property Rates and insurance Light and heat Repairs, renewals and maintenance Communications Independent examiner's fees Professional fees Bank charges Donations Sundry expenses Travel and visa fee NET INCOME |
2025 Total funds £ 78,715 5,874 |
2024 Total funds £ 100,403 20,706 |
|---|---|---|
| 84,589 1,815 |
121,109 1,409 |
|
| 1,815 | 1,409 | |
| 86,404 (853) (3,720) (334) - (426) |
122,518 (1,027) (7,400) - (1,924) (146) |
|
| (5,333) (8,568) (15,760) (9,401) (4,727) (1,164) (1,943) (1,050) (4,802) (61) (13,030) (356) (3,565) |
(10,497) (11,977) (15,760) (9,084) (7,632) (271) (1,891) (1,450) (2,135) (60) (31,947) (134) (13,784) |
|
| (64,427) | (96,125) | |
| (69,760) | (106,622) | |
| 16,644 | 15,896 |
Page 11