Charitv RistratIon liumber: 519860 THE EAST MIDLANDS BUDDHIST ASSOCIATION (EMBA) NUAL REPORT AIID FINANCIAL STATEMENTS For the Year Ended 31$¢ of December 2024
THE EAST MIDLANDS BUDDHIST ASSOCIATION (EMBA) CONTENT Page No Reference and Administrative Details Report of the Trustees Independent Examiner's Report Statcmcnt of Financial Activities Balance Sheet Notes to the Accounts 8-10 2of10
THE EAST MIDLANDS BUDDHIST ASSOCIATION (EMBA) Reference and Administrative Details Trustees Dr C.S. Nanayakkara Dr S.S.L. Perera Mr L. Rodrigo President Dr(Mrs) Chathuranganie Nanayakkara Treasurer Mrs Anoja Perera Charity Registration Number 519860 Principal Office 9 Una Avenue Leicester LE3 2GS Independent Examiner Dinesha Maddumage ACA , Msc {ISRM) , B.Sc. Accounting 32, Blagden's Lane N14 6DG 3of10
THE EAST MIDLANDS BUDDHIST ASSOCIATION (EMBA) Report of The Trustees Aims and Objectives The overall aim of the Association is to advance Buddhism in the East Midlands Area, dnd the objectives are, (a) Propagate teaching of Buddha. (b) Provide a place of religious worship. (c) Promote Buddhist Education. (d) Promote Buddhistlsri Lankan culture among devotees, their children. and other communities. (d) To provide short and long terni courses Buddhist Philosophy and religion. (f) To undertake community and charitable work i.e. Visiting schools,prisons,hospital etc. Public Benefit The Trustees confTh that they have complied with the requirements of Section 17 of The Charity Act 2011 to have due regard to the public benefit public by The Charity Commission for England and Wales. Conclusion and Charity as a whole: In conclusion, As the Trustees of The East Midlands Buddhist Association(EMBA) we have the overall responsibility of the preparation of accounts and other documents in accordance with the requirements of The Charity Act 2011. The Independent Examiner has confirn]ed in carrying out an inspection of E.M.B.A. accounts under section 145 of the 2011 Act, and in carying out the examination, followed all the applicable directions given by The Charity Commission under section 145(5)(b) of the Act. This Final Audited Annual Financial report with the Independent Examiner's Statement will be uploaded on the Charity Commission website. Trustees THE EAST MIDLANDS BUDDHIST ASSOCIATION (EMBA) 4of10
THE EAST MIDLANDS BUDDHIST ASSOCIATION (EMBA)
Independent Examiner's Report
I report to the trustees on my examination of the accounts of The East Midlands Buddhist Association (EMBA) for the year ended 31st of December 2024.
Responsibilities and basis of elements
As the charity's trustees of The East Midlands Buddhist Association (EMBA) you are responsible for the preparation of the accounts in accordance with the requirements of the Charity Act 2011 ('the Act').
I report in respect of my examination of The East Midlands Buddhist Association(EMBA) 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.
Independent Examiner's Statement
I have completed my examinations. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respects:
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the accounting records were not kept in accordance with section 130 of the Charities Act; or
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the accounts did not accord with the accounting records; or
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the accounts did 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 to enable a proper understanding of the accounts to be reached.
Dinesha Maddumage ACA , MSc (ISRM) , B.Sc. Accounting 32, Blagden's Lane N14 6DG 06 July 2025
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THE EAST MIDLIINDS BUDDHIST ASSOCIATION (EMBA) STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST DECEI%qBER 2024 Unrestricted Restricted Total Funds Total Funds Funds Funds 2024 2023 NOTE INCOME Covenants Religious events Donations Other Income Interest received 6,558 2,105 7,458 1,751 27 6,558 2,105 28,736 1,751 27 6,897 550 5,317 2,034 338 l(a) l(b) l(c) 21,278 TOTAL INCOME 17,898 21,278 39,176 15,136 EXPENDITURE Heating & Lighting Telephone Council Tax & water rates Insurance & Licence Fees Tuition Fees Monks Allom'ances Repairs & Maintenance Hall Hire & Events Expenses Monks Air Tickets./Travel Depreciation Postagel Courier Stamps I StationerylLegal fees Sunday School Expenses Sundry Expenses TOTAL EXPENDITURE 2,867 474 1,549 732 2,867 474 1,549 732 2,421 431 1,295 663 1,020 560 1,391 5,827 143 1,020 560 1,391 5,827 143 720 456 1,009 495 87 l(d) l(D 3,000 3,000 243 120 120 17,683 17,683 7,820 NET MOVEMENT IN FUINDS 216 21,278 21,494 7,316 RECONCILIATION OF FUNDS Total funds brough fonvard Total funds carried forward 118,474 118,690 8,572 29,850 127,046 148,540 111,158 118,474 6of10
THE EAST MIDLANDS BUDDHIST ASSOCIATION (EMBA) BALAINCE SHEET AS AT 31ST DECEMBER 2024 IYOTE 2024 2023 FIXED ASSETS Per Schedule 2{a) 60,053 59,736 CURRENT ASSETS Cash at Bank Cash in hand Prepayments Debtors Receivable 2{b) 2(c) 86,336 26,063 38,359 2(d) 2,151 88,487 2,889 67,310 TOTAL ASSETS 148,540 127,046 LESS; CURRENT LIABILITIES Creditors and Accrued Charges TOTAL NET ASSETS 148,540 127,046 FUNDS OF THE CHARITY; Unrestricted funds Restricted funds 118,690 29,850 118,474 8,572 2(e) 148,540 127,046 The financial statements on page 5 to 9 were approved by the trustees and authorised for issue on 06 July 2025 and signed on their behalf by; Dr (Mrs) Chathuranganie Nanayakkara PRESIDENT Mrs Anoja Perera TREASURER 7of10
THE EAST MIDLANDS BUDDHIST ASSOCIATION (EMBA) NOTES TO THE ACCOUNTS
NOTE 1. NOTES TO THE STATEMENT OF FINANCIAL ACTIVITIES
| (a) Religious Events Collections at various religious events held during the year were: Katina Ceremony (b) Donations Monk Visa Goods donations (c ) Other Income Amozon smile These are various miscellaneous contributions made to the Vihara by devotees and well wishers. HMRC Claim |
2024 2023 £ £ 2,105 550 2024 2023 £ £ 4,548 5,317 2,450 - 460 - |
|---|---|
| 7,458 5,317 |
|
| 2024 2023 £ £ 1,751 2,007 - 27 |
|
| 1,751 2,034 |
| (d) | Hall Hire & Events Expenses | ||
|---|---|---|---|
| EMBA use Leceister Civic centre for all the buddhist programs. £ 1,391 consited the | total hire | ||
| charges for year 2024 and 2025 events. | |||
| ( e ) | Monks Air Tickets/Travel | 2024 | 2023 |
| £ | £ | ||
| Passport Renewal of Resident Monk | - | 156 | |
| Air Ticket for Residence monk SL Visit - Dec 2022 | - | 339 | |
| Saddhanandha Thero visa extension | 3,336 | - | |
| Wajirawansha Thero Visa | 2,491 | - | |
| 5,827 | 495 |
( f ) Stamps / Stationery/Legal fees
EMBA incurred a legal expense of £3,000 for barrister fees related to resolving an issue with the EMBA deed registered with the Land Registry.
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THE EAST MIDLANDS BUDDHIST ASSOCIATION (EMBA) NOTES TO THE ACCOLNTS NOTE 2 NOTE TO THE BALANCE SHEET (a) Schedule of Fixed Assests FREEHOLD FIXTURE & COMPUTERS ELECTRICAL PROPERTY FIll¥Gs EQUIPMENT TOTAL Cost as at I st Jan.2024 Additions 59,243 5,192 460 375 1,089 65,899 Cost as at 31 st Dec.2024 59.243 5.652 375 1.089 66,359 Depreciation Balance blf I st Jan 2024 Charge for the year 5,109 81 233 21 821 40 6,163 143 Balance clf 31 st Dec 2024 5,190 255 861 6,306 INET BOOK VALUE As at 3111212024 59.243 462 120 228 60,053 As at 3111212023 59,243 83 142 268 59,736 Fixed assets (except building) are depreciated at a rdte of150/0 On the written down value. No depreciation is charged in the year of PUTLhase. 9of10
THE EAST MIDLNDs BUDDHIST ASSOCIATION (EMBA) NOTES TO THE ACCOU.YTS NOTE 2. NOTE TO THE BALANCE SHEET CONT. (b) Cash at Bank at 31st December 2024 consists of: 2024 2023 Co-op Bank - Community Direct plus Account Co-op EMBA Bank Building Fund 65.058 21,278 26,063 Cash in hand 2024 2023 Barclay's Business Bonus Account No- 30960608 38,359 38,359 Barclay's Business Bonus Account N(F 30960608 has been closed during the year and the total of fund has been deposited to Co-op Bank Community Direct plus account. 2024 2023 (d) Debtors Receivable as at O 1.01.24 HMRC Claim received during the period HMRC Claim for the year Debtors Receivable as at 31.12.24 2,889 2,488 1.751 4,900 4,018 2,007 Movement on restricted funds Balance b/fwd Incoming resources Resources expensed Balance clfwd 2024 Building Development fund 8,572 21,278 Restricted funds are designated solely for purchasing a property for the Tjew Vihara premises. 10of10