Charity Registration Number : 519860
THE EAST MIDLANDS BUDDHIST ASSOCIATION
(EMBA)
ANNUAL REPORT AND FINANCIAL STATEMENTS
For the Year Ended 31st of December 2025
THE EAST MIDLANDS BUDDHIST ASSOCIATION (EMBA)
| CONTENT | |
|---|---|
| Page No | |
| Reference and Administrative Details | 3 |
| Report of the Trustees | 4 |
| Independent Examiner's Report | 5 |
| Statement of Financial Activities | 6 |
| Balance Sheet | 7 |
| 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, and the objectives are,
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(a) Propagate teaching of Buddha.
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(b) Provide a place of religious worship.
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(c) Promote Buddhist Education.
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(d) Promote Buddhist/Sri Lankan culture among devotees, their children, and other
communities.
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(d) To provide short and long term courses Buddhist Philosophy and religion.
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(f) To undertake community and charitable work i.e. Visiting schools,prisons,hospital etc.
Public Benefit
The Trustees confirm 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 confirmed in carrying out an inspection of E.M.B.A. accounts under section 145 of the 2011 Act, and in carrying 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 2025.
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 03 March 2026
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THE EAST MIDLANDS BUDDHIST ASSOCIATION (EMBA) STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31ST DECEMBER 2025
| NOTE INCOME Donations 1 (a) Covenants Religious events 1 (b) Other Income 1 (c ) Interest received TOTAL INCOME EXPENDITURE Expenditure on raising funds Depreciation Council Tax & water rates Monks Allowances Hall Hire & Events Expenses 1 (d) Heating & Lighting Insurance & Licence Fees Telephone Repairs & Maintenance Monks Air Tickets/Travel 1 (e) Stamps / Stationery/Legal fees 1 (f) TOTAL EXPENDITURE NET MOVEMENT IN FUNDS RECONCILIATION OF FUNDS Total funds brough forward Total funds carried forward |
Unrestricted Restricted Total Funds Funds Funds 2025 £ £ £ 8,854 63,364 72,218 6,255 - 6,255 2,118 - 2,118 2,079 15,064 17,143 1,639 754 2,393 20,945 79,182 100,127 9,945 5,000 14,945 4,241 - 4,241 1,758 - 1,758 1,420 - 1,420 1,405 - 1,405 998 - 998 720 - 720 506 - 506 200 - 200 - - - - - - 21,193 5,000 26,193 248 - 74,182 73,934 118,690 29,850 148,540 118,442 104,032 222,474 |
Total Funds 2024 £ 28,736 6,558 2,105 1,751 27 |
|---|---|---|
| 39,177 | ||
| 120 143 1,549 1,020 1,391 2,867 732 474 560 5,827 3,000 |
||
| 17,683 | ||
| 21,494 127,046 |
||
| 148,540 |
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THE EAST MIDLANDS BUDDHIST ASSOCIATION (EMBA)
BALANCE SHEET AS AT 31ST DECEMBER 2025
| NOTE FIXED ASSETS Per Schedule 2 (a) Advance paid towards building acquisition 2 (b) CURRENT ASSETS Cash at Bank 2 (c) Debtors Receivable 2 (d) TOTAL ASSETS LESS; CURRENT LIABILITIES Creditors and accrued charges TOTAL NET ASSETS FUNDS OF THE CHARITY; Unrestricted funds 2 ( e ) Restricted funds 2 ( e ) Revaluation reserve 2 (a) |
271,263 60,053 55,000 - 93,988 86,336 16,980 110,968 2,151 88,487 437,231 148,540 - - 437,231 148,540 118,442 118,690 104,032 29,850 214,757 - 437,231 148,540 2025 2024 £ £ |
271,263 60,053 55,000 - 93,988 86,336 16,980 110,968 2,151 88,487 437,231 148,540 - - 437,231 148,540 118,442 118,690 104,032 29,850 214,757 - 437,231 148,540 2025 2024 £ £ |
|---|---|---|
| 148,540 - |
||
| 148,540 | ||
| 118,690 29,850 - |
||
| 148,540 |
The financial statements on page 6 to 10 were approved by the trustees and authorised for issue on 03 March 2026 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) Donations
| Donations by devotees and well wishers Monk Visa Goods donations (b) Religious Events Collections at Katina Ceremony |
Unrestricted Restricted Total Funds Total Funds Funds Funds 2025 2024 £ £ £ £ 8,854 63,364 72,218 25,826 - - - 2,450 - - - 460 |
|---|---|
| 8,854 63,364 72,218 28,736 |
|
| 2025 2024 £ £ 2,118 2,105 |
(c ) Other Income
| Other Income | |
|---|---|
| Refunds received HMRC Claims |
Unrestricted Restricted Total Funds Total Funds Funds Funds 2025 2024 £ £ £ £ 1,878 15,064 16,942 1,751 201 - 201 - |
| 2,079 15,064 17,143 1,751 |
(d) Hall Hire & Events Expenses
EMBA use Leceister Civic centre for all the buddhist programs. £1,405 consits the total hire charges for year 2025 events.
( e ) Monks Air Tickets/Travel
| Monks Air Tickets/Travel Saddhanandha Thero visa extension Wajirawansha Thero Visa |
2025 2024 £ £ - 3,336 - 2,491 |
| - 5,827 |
( f ) Stamps / Stationery/Legal fees
EMBA incurred a legal expense of £3,000 in the year 2024 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 ACCOUNTS
NOTE 2. NOTES TO THE BALANCE SHEET
(a) Schedule of Fixed Assests
| As at 01.01.2025 Additions Revaluations As at 31.12.2025 Depreciation As at 01.01.2025 Charge for the year As at 31.12.2025 NET BOOK VALUE As at 31.12.2025 As at 31.12.2024 |
FREEHOLD FIXTURE & COMPUTERS ELECTRICAL PROPERTY FITTINGS EQUIPMENT TOTAL £ £ £ £ £ 59,243 5,652 375 1,089 66,359 - 694 - - 694 214,757 - - - 214,757 |
|---|---|
| 274,000 6,346 375 1,089 281,810 |
|
| - 5,190 255 861 6,306 4,120 69 18 34 4,241 |
|
| 4,120 5,259 273 895 10,547 |
|
| 269,880 1,087 102 194 271,263 59,243 462 120 228 60,053 |
As historical records were not available to separately identify the values of the freehold land and buildings, the trustees appointed Jago Associates to carry out a professional valuation of the property. In accordance with their report dated 2 June 2025, the building was valued at £206,000 and the land at £68,000.
Tangible fixed assets, other than freehold buildings, are depreciated at a rate of 15% per annum on the written down value basis. Freehold buildings are depreciated at a rate of 2% per annum on the reducing balance basis. No depreciation is charged in the year of purchase.
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THE EAST MIDLANDS BUDDHIST ASSOCIATION (EMBA) NOTES TO THE ACCOUNTS
NOTE 2. NOTES TO THE BALANCE SHEET (CONT.)
(b) Advance paid towards building acquisition
During the year the charity made an advance payment of £55,000 towards the possible purchase of a property under an option agreement giving the charity the right to buy the property for £250,000 at any time up to 31 December 2029.
Of this advance, £8,572 was funded from restricted building fund income, with the balance of £46,428 funded from unrestricted funds. The trustees have no intention to reimburse the unrestricted fund from restricted funds.
The full £55,000 is shown as advance towards property purchase.
| ( c) Cash at Bank at 31st December 2025 consists of: Unrestricted Co-op Bank - Community Direct plus Account Restricted Co-op EMBA Bank Building Fund |
2025 2024 £ £ 13,592 65,058 80,396 21,278 |
|---|---|
| 93,988 86,336 |
( d ) Debtors Receivable
| As at 01.01.2025 Claims received in the year Claims for the year As at 31.12.2025 |
Unrestricted Restricted Total Funds Total Funds Funds Funds 2025 2024 £ £ £ £ 2,151 - 2,151 2,889 2,113 - - 2,113 - 2,488 - 1,878 15,064 16,942 1,750 |
|---|---|
| 1,916 15,064 16,980 2,151 |
( e ) Movement in funds
| Unrestricted funds As at 01.01.2025 Income Expenditure Transfers As at 31.12.2025 Restricted funds As at 01.01.2025 Income Expenditure Transfers As at 31.12.2025 |
General Designated Total Fund Building fund 2025 £ £ £ 118,690 - 118,690 20,945 - 20,945 21,193 - - 21,193 - 46,428 - 46,428 - |
|---|---|
| 72,014 46,428 118,442 |
|
| 29,850 - 29,850 79,182 - 79,182 5,000 - - 5,000 - 8,572 - 8,572 - |
|
| 95,460 8,572 104,032 |
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