2021-03-31-accounts - The Thai-British Buddhist (Wat Mahathat Temple) Trust

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Draft 9/1/22

THE THAI-BRITISH BUDDHIST (WAT MAHATHAT TEMPLE) TRUST Unaudited Financial Statements For The Year Ended

31 March 2021

Draft 9/1/22

THE THAI-BRITISH BUDDHIST (WAT MAHATHAT TEMPLE) TRUST Contents

	Page
General information	1
Report of Trustees	2
Independent Examniners Report	3
Receipts and Payments Account	4
Balance sheet	5
Notes to the accounts	6

Draft 9/1/22

THE THAI-BRITISH BUDDHIST (WAT MAHATHAT TEMPLE) TRUST

General Information

Charity Number 1082096

Trustees

Phramaha Laow Panyasiri Mr Mongkol Mr Bhatsakorn Kota

Business address

Eastfield House Alrewas Road Kings Bromley Burton upon Trent Staffordshire DE13 7HR

Accountants

Alexander Accountancy 12 Granary Wharf Business Park Wetmore Road Burton upon Trent Staffordshire DE14 1DU

Draft 9/1/22

THE THAI-BRITISH BUDDHIST (WAT MAHATHAT TEMPLE) TRUST Report of the Trustees

The Trustees present their report, together with the Financial Statements of the Charity for the period ended 31 March 2019. This report represents a trustees' report in accordance with the Charities Act.

The financial statements have been prepared in accordance with the Accounting Policies set out in note 1, and the Statement of Recommended Practice: Accounting and Reporting by Charities (SORP 2015).

The reference and administrative information on page 1 forms part of this report.

Structure, Governance and Management

Governing Document & Structure

The Thai-British Buddhist (Wat Mahathat Temple Trust) is a Charitable Organisation. It was registered on 21 August 2000 as a charity. The charity was established under a constitution which establishes the objects and powers of the charity and is governed by it.

Objectives

The objectives of the charity are to advance the Buddhist religion and to advance the education of the public in the beliefs and traditions of the Buddhist religion and Thai culture.

Mission and achievements during the year

As a Thai Buddhist monastery in the UK we fully support monks from Thailand to carry out monks duties to support the community locally, nationally and internationally.

In educational areas both for the Thai coounity and English society, monks have been taking care for two crossing cultures, the West and the East.

The charity also visits lots of children in local schools in and around Staffordshire. Over 500 children have visited the Temple throughout the year.

We also provide buddhist classes free of charge throughout the year.

Other activities undertaken during the year included:

provision of meditation and mindfulness classes for both males and females.
provision of classes on Buddhist studies.
provision of a retreat.
holding of festivals and Buddhist celebrations.
school visits.
provision of classes for special needs for both children and adults.
training monks from other monasteries.
provision of Inter Faith meetings.
community faith.
support of students at university.
chaplaincy for students.
support all of the Thai community nationally.
help those who need support including referring to specialists where required.

Reserves

Unrestricted reserves at 31 March 2020 total £1,127,589 (2019 - £1,079,767)

On behalf of the Trustees Trustee: Phramaha Laow Panyasiri

Date: 6th January 2021

Draft 9/1/22

THE THAI-BRITISH BUDDHIST (WAT MAHATHAT TEMPLE) TRUST Independent examiner’s report to the Trustees of Eagles Nest Trust

I report on the accounts of the Trust for the year ended 31 March 2021, which are set out on pages 3 to 5.

Respective responsibilities of trustees and examiner

The charity’s trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.

It is my responsibility to:

examine the accounts under section 145 of the 2011 Act
to follow the procedures laid down in the general Directions given by the commission under section 145(5)(b) of the 2011 Act
to state whether particular matters have come to my attention

Basis of independent examiner’s report

My examination was carried out in accordance with the general Directions given by the Charity Commission.

An examination includes a review of the accounting records kept by the charity and a the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a ‘true and fair view’ and the report is limited to those matters set out in the next statement.

Independent examiner’s statement

In connection with my examination, no matter has come to my attention:

(1) which gives me reasonable cause to believe that in any material respect the requirements:

• to keep accounting records in accordance with section 130 of the 2011 Act and

to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act

have not been met or

(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached

Wayne Penlington FCCA Alexander Accountancy 12 Granary Wharf Business Park Wetmore Road Burton upon Trent Staffordshire, DE14 1DU Date: 10 January 2022

Draft 9/1/22

THE THAI-BRITISH BUDDHIST (WAT MAHATHAT TEMPLE) TRUST Receipts and Payments Account for the year ended 31 March 2021

Donations received - unrestricted Interest receivable Gift Aid (including previous years) Grant from Thai Religion National Affair Grant from Thailand head office Other Grants Expenses Stipends Rates and water Insurances Light and heat Telephone Postage and stationery Travelling Motor expenses Repairs, maintenance and computer expenses Food for Monks (Takbat) Sundry expenses Monks Expenses Festivals and events Calenders Donations made Independent examiners fees Finance Costs Bank charges Loan interest Depreciation Fixtures and fittings Motor vehicles Computer equipment Surplus for the year	2021 £ 103,826 - 41,556 18,366 - 4,000 167,748 - 1,225 1,955 10,421 171 473 21,145 10,370 6,640 9,507 988 1,975 22,476 2,085 770 480 90,681 77,067 8 2,525 2,533 74,534 2,671 2,494 - 5,165 69,369	2020 £ 99,225 28 - 16,018 41,575 - 156,846 1,127 2,000 1,802 10,590 1,566 2,755 14,644 11,417 7,790 11,966 420 2,918 23,326 1,554 4,125 438 98,438 58,408 51 3,871 3,922 54,486 3,339 3,325 - 6,664 47,822

Draft 9/1/22

THE THAI-BRITISH BUDDHIST (WAT MAHATHAT TEMPLE) TRUST Balance Sheet as at 31 March 2021

Notes Fixed assets Freehold Property 1 Fixtures and fittings 1 Motor Vehicles 1 Computer equipment 1 Current assets Bank account 40409235 Barclays Bank account 4165929 HSBC Current liabilities Loan Tridos Bank Accruals and creditors Net current assets Net assets Funds of the Charity Unrestricted Funds Brought forward Surplus for the year	134,696 4,706 139,402 63,078 2,078 65,156	2021 £ 1,104,047 10,684 7,481 500 1,122,712 74,246 1,196,958 1,127,589 69,369 1,196,958	105,900 3,631 109,531 86,361 450 86,811	2020 £ 1,081,039 13,355 9,975 500 1,104,869 22,720 1,127,589 1,079,767 47,822 1,127,589

Draft 9/1/22

THE THAI-BRITISH BUDDHIST (WAT MAHATHAT TEMPLE) TRUST Notes to the Accounts for the year ended 31 March 2021

1 Plant, machinery and motor vehicles

Cost At 1 April 2020 Additions At 31 March 2021 Depreciation At 1 April 2020 Charge for the year At 31 March 2021 Net book value At 31 March 2021 At 31 March 2020	Freehold Property £ 1,081,039 23,008 1,104,047 - - - 1,104,047 1,081,039	Fixtures & Fittings £ 77,016 - 77,016 63,661 2,671 66,332 10,684 13,355	Motor Vehicles £ 42,100 - 42,100 32,125 2,494 34,619 7,481 9,975	Computer Equipment 5,909 - 5,909 5,409 - 5,409 500 500	Total £ 1,206,064 23,008 1,229,072 101,195 5,165 106,360 1,122,712 1,104,869