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
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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
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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)
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## **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:
1. the accounting records were not kept in accordance with section 130 of the Charities Act; or
2. the accounts did not accord with the accounting records; or
3. 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
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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
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## **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.
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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.
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