Page 106 - CA Sri Lanka Integrated Annual Report 2023

NOTES TO THE FINANCIAL STATEMENTS

12 RESTRICTED FUNDS AND GRANTS
12.1 Summary
Balance Transfers to Grants/ (Reimbursements) (Payments) Balance Balance
as at funds Donations as at as at
1.1.2023 received 31.12.2023 31.12.2022
Rs.'000 Rs.'000 Rs.'000 Rs.'000 Rs.'000 Rs.'000 Rs.'000
Grants 12.2 46 - 4,000 (4,000) - 46 46
Other restricted funds 12.3 13,901 2,050 21,965 (784) (24,497) 12,636 13,901
Restricted scholarship funds 12.4 11,081 2,149 10,087 - (1,739) 21,577 11,081
Total restricted funds and grants 25,028 4,199 36,053 (4,784) (26,237) 34,259 25,028

12.2 Grants
Balance Grants (Reimbursements) Balance Balance
as at received as at as at
1.1.2023 31.12.2023 31.12.2022
Rs.'000 Rs.'000 Rs.'000 Rs.'000 Rs.'000
Ernst & Young SME grant 12.2.1 46 - - 46 46
Sri Lanka Accounting and Auditing Standards Monitoring 12.2.2 - 4,000 (4,000) - -
Board (SLAASMB) grant
Total grants 46 4,000 (4,000) 46 46

12.2.1 Ernst & Young SME Grant: This amount represents the grant received from Ernst & Young to provide training on audit tool kit for Small
and Medium Practices (SMPs).

12.2.2 SLAASMB Grant: During the year Rs. 4 Mn grant has been received from Sri Lanka Accounting and Auditing Standards Monitoring
Board (SLAASMB) for the development of accounting and auditing standards, which was utilised in full for the said purpose.

104 CA Sri Lanka Integrated Annual Report 2023