THE THAI-BRITISH BUDDHIST (WAT MAHATHAT TEMPLE) TRUST
Unaudited Financial Statements For The Year Ended
31 March 2022
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 |
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
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 2022. 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.
During the year we also have contributed to the development of the new Temple in Plymouth.
Other activities undertaken during the year included:
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provision of meditation and mindfulness classes for both males and females.
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provision of classes on Buddhist studies.
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provision of a retreat.
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holding of festivals and Buddhist celebrations.
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school visits.
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provision of classes for special needs for both children and adults.
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training monks from other monasteries.
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provision of Inter Faith meetings.
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community faith.
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support of students at university. - chaplaincy for students.
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support all of the Thai community nationally.
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help those who need support including referring to specialists where required.
During the year we also had a drive on fundraising to help us redeem the property mortgage. This was successful and also led to additional donation income that we could use to help other Temples' in the UK.
Reserves
Unrestricted reserves at 31 March 2022 total £1,323,674 (2021 - £1,196,958)
On behalf of the Trustees Trustee: Phramaha Laow Panyasiri
Date: 10th January 2023
2
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 2022, 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:
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examine the accounts under section 145 of the 2011 Act
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to follow the procedures laid down in the general Directions given by the commission under section 145(5)(b) of the 2011 Act
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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: 10th January 2023
3
THE THAI-BRITISH BUDDHIST (WAT MAHATHAT TEMPLE) TRUST Receipts and Payments Account for the year ended 31 March 2022
| Donations received - unrestricted Interest receivable Gift Aid (including previous years) Grant from Thai Religion National Affair Grant from Thailand head office Other Grants Expenses Rates and water Insurances Light and heat Telephone Postage and stationery Books and pens 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 Refuse Finance Costs Bank charges Loan interest Depreciation Fixtures and fittings Motor vehicles Surplus for the year |
2022 £ 218,328 - - - - - 218,328 968 3,733 12,110 1,123 319 1,754 10,162 8,278 7,101 9,385 1,134 - - 2,800 23,600 540 1,212 84,219 134,109 21 1,945 1,966 132,143 3,557 1,870 5,427 126,716 |
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 |
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4
THE THAI-BRITISH BUDDHIST (WAT MAHATHAT TEMPLE) TRUST Balance Sheet as at 31 March 2022
| 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 |
155,623 13,349 168,972 - 5,419 5,419 |
2022 £ 1,139,783 14,227 5,611 500 1,160,121 163,553 1,323,674 1,196,958 126,716 1,323,674 |
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 |
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5
THE THAI-BRITISH BUDDHIST (WAT MAHATHAT TEMPLE) TRUST Notes to the Accounts for the year ended 31 March 2022
- 1 Plant, machinery and motor vehicles
| Cost At 1 April 2021 Additions At 31 March 2022 Depreciation At 1 April 2021 Charge for the year At 31 March 2022 Net book value At 31 March 2022 At 31 March 2021 |
Freehold Property £ 1,104,047 35,736 1,139,783 - - - 1,139,783 1,104,047 |
Fixtures & Fittings £ 77,016 7,100 84,116 66,332 3,557 69,889 14,227 10,684 |
Motor Vehicles £ 42,100 - 42,100 34,619 1,870 36,489 5,611 7,481 |
Computer Equipment 5,909 - 5,909 5,409 - 5,409 500 500 |
Total £ 1,229,072 42,836 1,271,908 106,360 5,427 111,787 1,160,121 1,122,712 |
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6