Page 131 - annual_report_2024

CA Sri Lanka Integrated Annual Report 2024 129

11. DESIGNATED FUNDS
11.1 Summary

Balance Contribution Balance Balance
as at from the as at as at
1.1.2024 Institute (Payments) 31.12.2024 31.12.2023
Note Rs.’000 Rs.’000 Rs.’000 Rs.’000 Rs.’000
Designated scholarship funds 11.2 45,997 18,492 (14,539) 49,949 45,997
Other designated funds 11.3 4,153 675 - 4,828 4,153
Total designated funds 50,150 19,167 (14,539) 54,777 50,150

11.2 Designated scholarship funds
Balance Contribution Balance Balance
as at from the as at as at
1.1.2024 Institute (Payments) 31.12.2024 31.12.2023
Note Rs.’000 Rs.’000 Rs.’000 Rs.’000 Rs.’000
L A Weerasinghe memorial needy 5,184 3,919 (2,238) 6,865 5,184
scholarship fund
Merit scholarship fund 534 8,561 (5,840) 3,254 534
CA Sri Lanka scholarship funds * 40,279 6,012 (6,461) 39,830 40,279
Total designated scholarship 45,997 18,492 (14,539) 49,949 45,997
funds

* CA Sri Lanka scholarship funds consist of scholarship funds for District First, A/L Top Ten, Children of Staff members, Inter School
Commerce Competition, National Conference, Talent and Top Achievers at A/L Tutorial.

11.3 Other designated funds
Contribution
Balance as at from the Balance as at Balance as at
1.1.2024 Institute 31.12.2024 31.12.2023
Rs.’000 Rs.’000 Rs.’000 Rs.’000
Faculty of Taxation fund 1,268 206 1,474 1,268
Faculty of Auditing fund 1,223 199 1,422 1,223
Publication fund 793 129 922 793
Urgent Issues Task Force fund 869 141 1,010 869
Total other designated funds 4,153 675 4,828 4,153