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120 CA Sri Lanka Integrated Annual Report 2024

Notes to the Financial Statements Contd.

The Institute has accounted for the following funds and grants as restricted funds and the purpose of such funds and grants are
elaborated as follows.
Name of the Restricted Fund Purpose
Needy Students’ Scholarship Funds Help deserving and promising students to realize their future ambition of
E CA Sri Lanka UK Members’ Scholarship Fund becoming a Chartered Accountant
E Dalton Wijeyeratne Memorial Scholarship Fund
E Prof. Y.A.D.S. Samaratunga Memorial Fund
E Prof. Kodagoda Memorial Fund
E Members’ Scholarship Fund
E PricewaterhouseCoopers Scholarship Fund
E Mr. Sanjaya Bandara Scholarship Fund
E Mr. Chandradasa Liyanage Scholarship Fund
E Mr. A.L.B. Brito Mutunayagam
E Memorial Scholarship Fund
E Pelwatta Sugar Industries Ltd Fund
E CA Qatar Chapter Scholarship Fund
E Bahrain Chapter Scholarship Fund
E UAE Chapter - Scholarship Fund
E ICAEW Foundation Bursary Scholarship Fund
E Ernst & Young scholarship Fund Institute is the administrator of the scholarships granted to Audit trainees
E Ms. Inoka Gunaratne Memorial Fund Help deserving and promising students to realize their future ambition of
E Benevolent Society Scholarship Fund becoming a Chartered Accountant
E Australian Chapter Scholarship Fund
E Herman Amarasekera Scholarship Fund
E Devika Jayawardene Scholarship Fund
Grants
Sri Lanka Accounting and Auditing Standards Promulgating accounting and auditing standards
Monitoring Board (SLAASMB) Grant
Other Restricted Funds
Best Annual Report Competition Fund
E Deshabandu Albert Page To encourage excellence in the presentation of information in annual
E Late Mr. Cyril Gardiner reports. Awards are presented to the winners annually.
E Hayleys PLC Categories under which the awards are presented are as follows:
E Overall and Sector Awards (Gold, Silver, Bronze)

Special Awards
E Corporate Governance Disclosure Award (Gold, Silver, Bronze)
‚ Financial services
‚ Non-financial services
E Sustainability Reporting Award (Gold, Silver, Bronze)
E Integrated Reporting Award (Gold, Silver, Bronze)
E Digitally Transformative Reporting
E In addition, the certificate of Compliance (for those who do not
secure gold, silver or bronze in a sector but are within the criteria)
and Certificate of Recognition for those who do not secure gold,
silver or bronze under special awards category are awarded. All the
applicants who fulfill the TAGS criterial are entitled to the Compliance
badge which they can display on the company page of the Colombo
Stock Exchange (CSE) or can be used as a marketing tool.