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 1 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 2 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 3 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**| |---|---|---| 4 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| |---|---|---|---|---| 5 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| |---|---|---|---|---|---| 6