**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| 2 of10 ## **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 3 of10 ## **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, - (a) Propagate teaching of Buddha. - (b) Provide a place of religious worship. - (c) Promote Buddhist Education. - (d) Promote Buddhist/Sri Lankan culture among devotees, their children, and other communities. - (d) To provide short and long term courses Buddhist Philosophy and religion. - (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)** 4 of10 ## **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: 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 03 March 2026 5 of10 ## **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| 6 of10 ## **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** 7 of10 ## **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. 8 of10 ## **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. 9 of10 **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| 10 of10