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50 CA Sri Lanka Integrated Annual Report 2024

Members

Members Benevolent Society (MBS)
With a proud legacy spanning 41 years and a membership base exceeding
1,300, supported by members’ funds surpassing Rs. 100 million, the CA Sri Lanka
Members’ Benevolent Society (MBS) continues to serve as a vital pillar of support
for its members and the broader CA Sri Lanka community.

The Society remains committed to the welfare of its members by providing
financial assistance for medical and health-related expenses, as well as death
donations and benefits — both under the established insurance scheme and
directly through the Society.

Beyond financial support, MBS actively fosters member engagement and
camaraderie by organizing a variety of welfare and networking events and
in 2024, the Society hosted several guest lectures on diverse and insightful
topics, including “Transition from CA to CEO” and “Investing in Gold”, enriching
members’ professional and personal knowledge.

The flagship event for the year, the New Year Celebration, was successfully
held in May 2024, with the participation of over 500 members and their families.
Guest Lecture CA to CEO
Further strengthening fellowship among members, the ‘Members’ Day Outing’
was held in September 2024 at the Club Dolphin Hotel, drawing more than
170 members and their families for a day filled with recreational activities and
entertainment. Additionally, the Society organized a vibrant Paduru Sajje in
2024, offering members an enjoyable evening of traditional music and cultural
celebration.

CA Sri Lanka extends financial assistance to the MBS for the Medical Expense
Reimbursement scheme and member welfare, reinforcing its commitment to
supporting the welfare and well-being of its members.

Young Chartered Accountants Forum (YCAF)
Established in 2009, YCAF has served as a vital platform for younger members of
CA Sri Lanka, fostering a dynamic community within the Institute. Operating under
a unique constitution, YCAF is governed by a dedicated body of “Governors”
under the age of forty.

Our core mission is to elevate the standards and public perception of Chartered
Accountants in Sri Lanka. We achieve this through a multifaceted approach,
including the promotion of camaraderie among members via engaging
social activities, the nurturing of leadership and entrepreneurial skills in young
Young Chartered Accountants Forum (YCAF)
professionals, and the facilitation of valuable networking opportunities within
the profession and with the Institute. Furthermore, YCAF actively supports
the Institute’s members and Council, while also mentoring aspiring Chartered
Accountants by connecting them with experienced young professionals.

A central focus of YCAF is to bridge the gap between seasoned professionals
and newly qualified members, facilitating knowledge sharing and mentorship.
Beyond professional development, YCAF organize events that offer insights
into non-accounting matters, providing a broader perspective for our members.
Through these initiatives, YCAF aim to cultivate a strong network and empower
our members to contribute meaningfully to society as responsible citizens