REGISTERED COMPANY NUMBER: 04417612 (England and Wales) REGISTERED CHARITY NUMBER: 1103950
Report of the Trustees and
Financial Statements
for the Year Ended 30 September 2020
for
Dhammakaya Int Society of the UK
The Barnbrook Sinclair Partnership LLP Chartered Accountants Statutory Auditor Chancery House 30 St Johns Road Woking Surrey GU21 7SA
Dhammakaya Int Society of the UK
Contents of the Financial Statements for the Year Ended 30 September 2020
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 5 |
| Report of the Independent Auditors | 6 | to | 7 |
| Statement of Financial Activities | 8 | ||
| Statement of Financial Position | 9 | ||
| Notes to the Financial Statements | 10 | to | 17 |
| Detailed Statement of Financial Activities | 18 | to | 19 |
Dhammakaya Int Society of the UK
Report of the Trustees for the Year Ended 30 September 2020
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 30 September 2020. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
To promote Buddhist doctrines including the promotion of meditation The word "Dhammakaya" has the following meaning:
"Dhamma" - refers to the teaching of The Lord Buddha;
"Kaya" - refers to each person's physical body that contains enlightenment "Dhamma" and "Kaya" are Buddhist terms written in the Pali language
In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'.
Significant activities
Woking Temple Activities
The Temple is open to the public where by Monks, temple staff and visitors participate in morning and evening chanting followed by meditation. Visitors are made welcome at lunch that is then followed by a blessing from the Monks. The main ceremony is held on the first Sunday of the month and an annual Kathina ceremony is held where invitations are extended to the local community. Meditation classes are held each week which are given by an English-speaking monk. There are well-maintained dormitory and washing facilities that are well used along with good car parking facilities and a pleasant garden.
Building New Temples
Dhammakaya International Society of the United Kingdom trustees, that are monks, attend the quarterly Europe-wide meeting of all Temples where discussions are held on proposals to purchase buildings suitable for Buddhist Temples.
Buddhist Research Project
The activity of the Buddhist research project relates to King's College London working on a publication that will be delivered to Woking Temple. A highlight summary will be translated into Thai. An agreement dated December 2018 has committed £180,000 from December 2018 to April 2020 for this project. During the year ended 30th September 2020 £87,000 (2019 - £99,000) has been paid to King's College.
Global Buddhist Network
This is an internet facility operated outside the UK with a reasonable budget. Dhammakaya International Society of the United Kingdom make small contributions.
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Dhammakaya Int Society of the UK
Report of the Trustees for the Year Ended 30 September 2020
OBJECTIVES AND ACTIVITIES
Public benefit
Public benefit is at the heart of what it means to be a charity. Two key principles define this area:
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There must be identifiable benefits.
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The benefits must be to the public.
The Trustees must carry out the following:
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Review the activities undertaken for the public benefit.
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State whether they have complied with this duty.
The Temple at Woking, Surrey is open to all visitors who are given a warm welcome.
A ceremony is held during the early hours of the first Sunday of every month which attracts approximately 65 visitors. The ceremony is conducted in Thai using the GBN Youtube channel that is displayed on a stage monitor and the seating area has earpieces with an English translation.
Our method of meditation is simple and non-intrusive, for persons of any faith. Tuesday and Thursday evening meditation classes are held with approximately 30 participants each week. In addition, a weekend retreat and one day mediation workshop are held during the year that attract from 20 to 35 participants for each retreat or workshop.
Temple volunteers make approximately 20 school visits to provide short meditation sessions for student classes. The volunteers may also give an introductory talk on Buddhism. Moreover, three are approximately 30 school and scout visits to Woking Temple with approximately 20 to 30 persons in the group. The visits include a 5 minute meditation and explanation about the Buddhist items in the Temple during the tour.
Monks and Temple staff undertake hospital visits, attend funerals, visit homes and business premises to give talks, blessings and meditations. More visits have been made to organisations in the community where meditation has been demonstrated to front line employees of the emergency services to assist with work related stress. In addition, Monks, Temple staff and Volunteers have visited city offices to demonstrate meditation that was well received by 50 to 60 workers. Also, Temple monks, staff and volunteers visit Woking town centre for an annual ceremony to collect for local food banks. This brings meditation to the local community and collects substantial quantities of food for the food banks.
The Temple at Woking has authority to ordain Monks which involves a ceremony lasting a day.
The Trustees have reviewed the activities undertaken for the public benefit and confirm their compliance with this duty.
Grantmaking
The Buddhist manuscript research project was approved by trustees. This project contributes to the promotion of Buddhist doctrines and meditation.
FINANCIAL REVIEW
Principal funding sources
The Temple in Woking Surrey is open 365 days a year and devotees make donations to the Monks using envelopes provided. During ceremonies devotees are given the opportunity to present their donation envelopes to the Monks. The envelops are opened with the contents recorded and accounted for by more than one member of Temple staff.
The Trustees would like to thank the individuals, families, organisations, businesses and Temples for the donations received.
Reserves policy
The "free reserves" (general unrestricted fund less fixed assets) of the charity at 30 September 2020 amounted to £544,262 (2019: £476,946).
It is the trustees' view it is prudent to maintain that level of free reserves to cover the annual expenditure at approximately £120,000 and maintain a reserve of £350,000 in case a suitable property becomes available to purchase for a Temple or accommodation for Monks or Temple staff. In addition the Trustees maintain a small excess reserve to cover any emergency reserves to a Temple building.
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Dhammakaya Int Society of the UK
Report of the Trustees for the Year Ended 30 September 2020
FINANCIAL REVIEW
Going concern
After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.
FUTURE PLANS
The plans include continuation of planned maintenance to the Woking Temple building and the Temple building activity.
The charity is working with the local community to attract visitors to Woking Temple. This includes more opportunities for meditation and talks by monks, with translations into English, where needed.
Money is held in the event of a suitable building being available for purchase for use as Temple or for Monks and Temple Staff.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
Charity constitution
Dhammakaya International Society of the United Kingdom is registered as a charitable company limited by guarantee and not having a share capital. The Temple was set up by a Memorandum of Association and Articles of Association. The governing document was registered at Companies House on 16 April 2002 with amendments by special resolution registered at Companies House on 2 October 2003 and 9 April 2004. The Temple registered as a charitable organisation at Charity Commission on 26 May 2004. Consequently, the Temple still made amendments by special resolution registered at Companies House on 21 October 2004, 24 November 2016 and 20 January 2017.
Recruitment and appointment of new trustees
The management of the Charity is the responsibility of the Trustees who are elected and co-opted under the terms of the Articles of Association.
New trustees are chosen for their skill, respect of Buddhism and suitability to work as a member of the team of trustees.
Organisational structure
The Trustees with the title "Phra" in their name are Buddhist monks. Usually monks ordain after graduation from university and some having gained work experience. Thus, possess good organisational skill in managing temple property and activities
Temple activities
Monks and Temple staff consult daily to make things run efficiently.
Temple building activities
Some Trustees devote a considerable amount of time on this area mainly to ensure that the risks present do not lead to a mistake in the choice of a property purchase for a new temple. Thus, meetings are regularly held with constant communication between Trustees, Temple staff and other Temples.
A quarterly meeting is held with members of all European Temples attending. This includes selecting buildings to purchase for new Temples and setting budgets for raising the required money.
Induction and training of new trustees
The Charity Commission Publication "The Essential Trustee: what you need to know, what you need to do" has been read by monks that are Trustees at Woking Temple. In addition, a summary has been prepared in both English and Thai. This has been read by all Trustees and discussions held to reinforce understanding of the main points.
The summary document will be given to all new Trustees with discussions being held with the trustees.
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Dhammakaya Int Society of the UK
Report of the Trustees for the Year Ended 30 September 2020
STRUCTURE, GOVERNANCE AND MANAGEMENT
Related parties
The group of UK and Europe-wide Temples meet every three months. The meeting includes decision making over the purchase of buildings for new Temples.
The Dhammakaya Foundation in Thailand has a large modern Buddhist Temple in Bangkok. Monks and Temple staff attend training at this facility before joining the temple in the UK.
The Dhammakaya Foundation in Thailand have not given any money to or received any money from Dhammakaya International Society of the United Kingdom.
There are Dhammakaya Temples in Europe and worldwide that Dhammakaya lnternational Society of the United Kingdom have contact with.
Dhammakaya Europe International operates a Buddhist Temple in Manchester. Dhammakaya North United Kingdom operates a Buddhist Temple in Newcastle. Meditation Centre of Glasgow operate a Buddhist Temple in Scotland. These organisations are registered charities.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
04417612 (England and Wales)
Registered Charity number
1103950
Registered office
1-2 Brushfield Way Knaphill Woking Surrey GU21 2TG
Trustees
T Chitvicheankul Sole Trader P P Choompolpaisal Minister Of Religion P N Thanissaro Buddhist Monk W Treenet Minister Of Religion P V Vingvorn Minister Of Religion S Wandee Minister Of Religion R Lapcharoen (appointed 8/12/2020)
Company Secretary
P V Vingvorn
Auditors
The Barnbrook Sinclair Partnership LLP Chartered Accountants Statutory Auditor Chancery House 30 St Johns Road Woking Surrey GU21 7SA
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Dhammakaya Int Society of the UK
Report of the Trustees for the Year Ended 30 September 2020
STATEMENT OF TRUSTEES' RESPONSIBILITIES
The trustees (who are also the directors of Dhammakaya Int Society of the UK for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) including Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland"
Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charity SORP;
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make judgements and estimates that are reasonable and prudent;
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
In so far as the trustees are aware:
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there is no relevant audit information of which the charitable company's auditors are unaware; and
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the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditors are aware of that information.
AUDITORS
The auditors, The Barnbrook Sinclair Partnership LLP, will be proposed for re-appointment at the forthcoming Annual General Meeting.
Approved by order of the board of trustees on 21 September 2021 and signed on its behalf by:
Ronnapop Lapcharoen (Sep 22, 2021 15:10 GMT+1)
R Lapcharoen - Trustee
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Report of the Independent Auditors to the Members of Dhammakaya Int Society of the UK
Opinion
We have audited the financial statements of Dhammakaya Int Society of the UK (the 'charitable company') for the year ended 30 September 2020 which comprise the Statement of Financial Activities, the Statement of Financial Position and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In our opinion the financial statements:
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give a true and fair view of the state of the charitable company's affairs as at 30 September 2020 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended;
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have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'; and
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have been prepared in accordance with the requirements of the Companies Act 2006.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
We have nothing to report in respect of the following matters in relation to which the ISAs (UK) require us to report to you where:
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the trustees' use of the going concern basis of accounting in the preparation of the financial statements is not appropriate; or
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the trustees have not disclosed in the financial statements any identified material uncertainties that may cast significant doubt about the charitable company's ability to continue to adopt the going concern basis of accounting for a period of at least twelve months from the date when the financial statements are authorised for issue.
Other information
The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.
Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.
In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.
Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
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the information given in the Report of the Trustees for the financial year for which the financial statements are prepared is consistent with the financial statements; and
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the Report of the Trustees has been prepared in accordance with applicable legal requirements.
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Report of the Independent Auditors to the Members of
Dhammakaya Int Society of the UK
Matters on which we are required to report by exception
In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Trustees.
We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
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adequate accounting records have not been kept or returns adequate for our audit have not been received from branches not visited by us; or
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the financial statements are not in agreement with the accounting records and returns; or
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certain disclosures of trustees' remuneration specified by law are not made; or
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we have not received all the information and explanations we require for our audit; or
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the trustees were not entitled to take advantage of the small companies exemption from the requirement to prepare a Strategic Report or in preparing the Report of the Trustees.
Responsibilities of trustees
As explained more fully in the Statement of Trustees' Responsibilities, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.
Our responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.
Use of our report
This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed.
Andrew Carpenter
Andrew Carpenter (Sep 22, 2021 15:16 GMT+1)
Andrew Carpenter (Senior Statutory Auditor) for and on behalf of The Barnbrook Sinclair Partnership LLP Chartered Accountants Statutory Auditor Chancery House 30 St Johns Road Woking Surrey GU21 7SA
21 September 2021
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Dhammakaya Int Society of the UK
Statement of Financial Activities for the Year Ended 30 September 2020
| Notes INCOME AND ENDOWMENTS FROM Donations and legacies Other trading activities 2 Investment income 3 Total EXPENDITURE ON Charitable activities Direct costs Other Total NET INCOME/(EXPENDITURE) RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
Unrestricted fund £ 360,985 71,125 95 432,205 408,779 - 408,779 23,426 3,046,345 3,069,771 |
Restricted fund £ - - - - 390,873 (110,873) 280,000 (280,000) 3,699,555 3,419,555 |
30/9/20 Total funds £ 360,985 71,125 95 432,205 799,652 (110,873) 688,779 (256,574) 6,745,900 6,489,326 |
30/9/19 Total funds as restated £ 213,357 102,444 109 315,910 312,395 - 312,395 3,515 6,742,385 6,745,900 |
|---|---|---|---|---|
The notes form part of these financial statements
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Dhammakaya Int Society of the UK
Statement of Financial Position 30 September 2020
| Notes FIXED ASSETS Tangible assets 10 CURRENT ASSETS Debtors 11 Cash at bank and in hand CREDITORS Amounts falling due within one year 12 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES CREDITORS Amounts falling due after more than one year 13 NET ASSETS FUNDS 15 Unrestricted funds Restricted funds TOTAL FUNDS |
Unrestricted fund £ 2,525,509 20,933 572,518 593,451 (27,382) 566,069 3,091,578 (21,807) 3,069,771 |
Restricted fund £ 3,419,555 - - - - - 3,419,555 - 3,419,555 |
30/9/20 Total funds £ 5,945,064 20,933 572,518 593,451 (27,382) 566,069 6,511,133 (21,807) 6,489,326 3,069,771 3,419,555 6,489,326 |
30/9/19 Total funds as restated £ 6,268,954 102,871 413,860 516,731 (14,960) 501,771 6,770,725 (24,825) 6,745,900 3,046,345 3,699,555 6,745,900 |
|---|---|---|---|---|
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 21 September 2021 and were signed on its behalf by:
Ronnapop Lapcharoen (Sep 22, 2021 15:10 GMT+1)
R Lapcharoen - Trustee
The notes form part of these financial statements
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Dhammakaya Int Society of the UK
Notes to the Financial Statements for the Year Ended 30 September 2020
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
Tangible fixed assets
Tangible fixed assets costing £500 or more are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably.
Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.
Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives.
Depreciation is provided on the following bases:
Freehold property
Depreciation on the building element of freehold property is charged on the cost less the expected residual value over the useful life of the property.
The useful lives of the properties are between 50 to 60 years. The buildings were carefully chosen for their strong, quality construction as being suitable for conversion into Buddhist Temples.
Woking Temple was purchased in 2005 and immediately commenced operating as a Buddhist Temple. The estimated useful life is 60 years from 2005 leaving 44 years remaining at 2020.
Motor vehicles - 5 years straight line basis Fixtures and fittings - 5 years straight line basis
Freehold land is not subject to depreciation.
Taxation
The charity is exempt from corporation tax on its charitable activities.
continued...
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Dhammakaya Int Society of the UK
Notes to the Financial Statements - continued for the Year Ended 30 September 2020
1. ACCOUNTING POLICIES - continued
Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.
Investment income, gains and losses are allocated to the appropriate fund.
Financial instruments
The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
2. OTHER TRADING ACTIVITIES
| Donation from Manchester Temple Donation from Newcastle Temple Donation from Denmark Temple Donation from Norway Temple Donation from Belguim Temple Donation from Italy Temple Donation from Paris Temple Donation from Bordeaux Temple Donation from Bavaria Temple Donation from Frankfurt and Nordrhein Temple Donation from Iceland Temple Contribution from retreat group INVESTMENT INCOME Deposit account interest |
30/9/20 a £ 14,418 39,171 16,562 - - - - - 974 - - - 71,125 30/9/20 a £ 95 |
30/9/19 s restated £ 25,361 22,643 19,349 4,483 5,780 1,250 4,720 9,080 2,430 3,995 440 2,913 102,444 30/9/19 s restated £ 109 |
|---|---|---|
3. INVESTMENT INCOME
continued...
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Dhammakaya Int Society of the UK
Notes to the Financial Statements - continued for the Year Ended 30 September 2020
4. GRANTS PAYABLE
| GRANTS PAYABLE | |||
|---|---|---|---|
| Direct costs | 30/9/20 a £ 601,039 |
30/9/19 s restated £ 103,118 |
|
| The Charity has made the following material grants to institutions during the year: | |||
| 2020 £ |
2019 £ |
||
| Name of institution Frankfurt Temple Kings College (London) Bavaria Temple Queen's College (Cambridge) Other Buddhist organisation |
390,873 87,000 85,438 11,124 20,777 |
99,000 - - 4,118 |
|
| 595,612 | 103,118 |
5. NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
| Auditors' remuneration | 30/9/20 30/9/19 as restated £ £ 7,200 6,000 |
|---|---|
| Depreciation - owned assets | 43,890 26,500 |
| Surplus on disposal of fixed assets | (110,873) (9,640) |
6. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 30 September 2020 nor for the year ended 30 September 2019.
Trustees' expenses
There were no trustees' expenses paid for the year ended 30 September 2020 nor for the year ended 30 September 2019.
7. STAFF COSTS
No employee received remuneration amounting to more than £60,000 in the year.
Monks and temple staff receive accommodation, subsistence, travel and study course fees whilst living in a religious community at the temple. Each person receives £150 or £200 each month. This covers mobile phone, laptop, baggage and gifts whilst travelling.
The National Minimum Wage Regulations do not apply to religious workers living in a community of monks and religious workers.
continued...
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Dhammakaya Int Society of the UK
Notes to the Financial Statements - continued for the Year Ended 30 September 2020
8. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| INCOME AND ENDOWMENTS FROM Donations and legacies Other trading activities Investment income Total EXPENDITURE ON Charitable activities Direct costs NET INCOME RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
Unrestricted fund £ 213,357 102,444 109 315,910 312,395 3,515 3,042,830 3,046,345 |
Restricted fund £ - - - - - - 3,699,555 3,699,555 |
Total funds as restated £ 213,357 102,444 109 315,910 312,395 3,515 6,742,385 6,745,900 |
|---|---|---|---|
9. PRIOR YEAR ADJUSTMENT
A prior year adjustment has been made to correct a prior period error. Gift Aid receivable from HMRC had not been included in the prior period financial statements. As a result of the correction of this error the comparative income was increased by £15,326 and the opening reserves have been increased by £84,685.
10. TANGIBLE FIXED ASSETS
| Cost At 1 October 2019 Disposals At 30 September 2020 Depreciation At 1 October 2019 Charge for year At 30 September 2020 Net book value At 30 September 2020 At 30 September 2019 |
Freehold property £ 6,219,555 (280,000) 5,939,555 71,000 11,000 82,000 5,857,555 6,148,555 |
Fixtures and fittings £ 102,252 - 102,252 64,006 12,759 76,765 25,487 38,246 |
Motor vehicles £ 100,653 - 100,653 18,500 20,131 38,631 62,022 82,153 |
Totals £ 6,422,460 (280,000) 6,142,460 153,506 43,890 197,396 5,945,064 6,268,954 |
|---|---|---|---|---|
continued...
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Dhammakaya Int Society of the UK
Notes to the Financial Statements - continued for the Year Ended 30 September 2020
| 11. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 30/9/20 £ Other debtors 20,933 12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 30/9/20 £ Hire purchase (see note 14) 4,552 Accruals and deferred income 22,830 27,382 13. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR 30/9/20 £ Hire purchase (see note 14) 21,807 14. LEASING AGREEMENTS Minimum lease payments under hire purchase fall due as follows: 30/9/20 £ Net obligations repayable: Within one year 4,552 Between one and five years 21,807 26,359 15. MOVEMENT IN FUNDS Net At movement 1/10/19 in funds £ £ Unrestricted funds General fund 3,046,345 23,426 Restricted funds Restricted funds 3,699,555 (280,000) TOTAL FUNDS 6,745,900 (256,574) |
30/9/19 as restated £ 102,871 30/9/19 as restated £ 4,130 10,830 14,960 30/9/19 as restated £ 24,825 30/9/19 as restated £ 4,130 24,825 28,955 At 30/9/20 £ 3,069,771 3,419,555 6,489,326 |
|---|---|
continued...
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Dhammakaya Int Society of the UK
Notes to the Financial Statements - continued for the Year Ended 30 September 2020
15. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Restricted funds Restricted funds TOTAL FUNDS Comparatives for movement in funds Unrestricted funds General fund Restricted funds Restricted funds TOTAL FUNDS Comparative net movement in funds, included in the above are as Unrestricted funds General fund TOTAL FUNDS |
Incoming resources £ 432,205 - 432,205 At 1/10/18 £ 3,042,830 3,699,555 6,742,385 follows: Incoming resources £ 315,910 315,910 |
Resources expended £ (408,779) (280,000) (688,779) Net movement in funds £ 3,515 - 3,515 Resources expended £ (312,395) (312,395) |
Movement in funds £ 23,426 (280,000) (256,574) At 30/9/19 £ 3,046,345 3,699,555 6,745,900 Movement in funds £ 3,515 3,515 |
|
|---|---|---|---|---|
continued...
Page 15
Dhammakaya Int Society of the UK
Notes to the Financial Statements - continued for the Year Ended 30 September 2020
15. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund Restricted funds Restricted funds TOTAL FUNDS |
At 1/10/18 £ 3,042,830 3,699,555 6,742,385 |
Net movement in funds £ 26,941 (280,000) (253,059) |
At 30/9/20 £ 3,069,771 3,419,555 6,489,326 |
|---|---|---|---|
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Restricted funds Restricted funds TOTAL FUNDS |
Incoming Resources Movement resources expended in funds £ £ £ 748,115 (721,174) 26,941 - (280,000) (280,000) 748,115 (1,001,174) (253,059) |
|---|---|
16. RELATED PARTY DISCLOSURES
The main Dhammakaya Temple in Bangkok train monks and temple staff as religious workers that move to DISUK. The other Dhammakaya Temples in the UK are as follows:
Dhammakaya Europe International. Manchester Temple. DEi. Dhammakaya North United Kingdom. Newcastle Temple. DNUK. Meditation Centre Glasgow. Scotland Temple. MCG. There are 28 Dhammakaya Temples in Europe.
The DISUK trustees are also trustees of the following UK TempIes:
| DISUK | DNUK | DEI | MCG |
|---|---|---|---|
| Phra Wairot Treenet | Yes | Yes | Yes |
| Phra Veera Vingvorn | Yes | Yes | |
| Phra Nicholas Thanissaro | Yes | Yes | |
| Phra Pichit Choompolpaisal | Yes | Yes | Yes |
| Phra Sonthaya Wandee | Yes | ||
| Theanchai Chitvicheankul | Yes | Yes | |
| Phra Ronnapop Lapcharoen | Yes | Yes | Yes |
Phra Wairot Treenet is a trustee in Belgium, Denmark, Germany, Netherlands, Switzerland temples in Europe.
continued...
Page 16
Dhammakaya Int Society of the UK
Notes to the Financial Statements - continued for the Year Ended 30 September 2020
16. RELATED PARTY DISCLOSURES - continued
Phra Veera Vingvorn is a trustee in Belgium, Netherlands and Sweden temples in Europe.
UK and European Temples have contributed to DISUK towards the Buddhist Manuscript research project costs that have been paid to Kings College. The costs were £87,000 for the year ended 30th September 2020 (£99,000 2019).
The contributions received from the UK and European Temples are as follows:
| 2020 | 2019 | |
|---|---|---|
| Newcastle Temple | 39,171 | 22,643 |
| Denmark Temple | 16,562 | 19,349 |
| Manchester Temple | 14,418 | 25,361 |
| Bordeaux Temple | - | 9,080 |
| Belgium Temple | - | 5,780 |
| Paris Temple | - | 4,720 |
| Norway Temple | - | 4,483 |
| Frankfurt and Nordrhein Temple | - | 3,995 |
| Other Temples (Less than £2,500) | 974 | 4,120 |
| Total | 71,125 | 99,531 |
Page 17
Dhammakaya Int Society of the UK
| Detailed Statement of Financial Activities | ||
|---|---|---|
| for the Year Ended 30 September 2020 | ||
| 30/9/20 | 30/9/19 | |
| as restated | ||
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Donations | 301,565 | 198,031 |
| Gift aid | 18,174 | 15,326 |
| Legacies | 41,246 | - |
| Other trading activities | 360,985 | 213,357 |
| Donation from Manchester Temple | 14,418 | 25,361 |
| Donation from Newcastle Temple | 39,171 | 22,643 |
| Donation from Denmark Temple | 16,562 | 19,349 |
| Donation from Norway Temple | - | 4,483 |
| Donation from Belguim Temple | - | 5,780 |
| Donation from Italy Temple | - | 1,250 |
| Donation from Paris Temple | - | 4,720 |
| Donation from Bordeaux Temple | - | 9,080 |
| Donation from Bavaria Temple | 974 | 2,430 |
| Donation from Frankfurt and Nordrhein Temple | - | 3,995 |
| Donation from Iceland Temple | - | 440 |
| Contribution from retreat group | - | 2,913 |
| Investment income | 71,125 | 102,444 |
| Deposit account interest | 95 | 109 |
| Total incoming resources | 432,205 | 315,910 |
| EXPENDITURE | ||
| Charitable activities | ||
| Wages | 18,700 | 16,340 |
| Rates and water | 8,602 | 7,201 |
| Insurance | 9,143 | 10,535 |
| Light and heat | 12,919 | 12,550 |
| Telephone | 4,834 | 3,351 |
| Postage and stationery | 81 | 636 |
| Advertising | - | 2,244 |
| Sundries | 2,761 | 2,088 |
| Courses & welfare | 12,999 | 35,482 |
| Repairs & maintenance | 10,251 | 6,434 |
| Food & refreshment | 17,233 | 12,992 |
| Ceremony | 4,886 | 6,204 |
| Monks/staff public works | 4,800 | 11,700 |
| Motor expenses | 3,589 | 6,794 |
| Travel | 10,768 | 22,319 |
| Carried forward | 121,566 | 156,870 |
This page does not form part of the statutory financial statements
Page 18
Dhammakaya Int Society of the UK
Detailed Statement of Financial Activities for the Year Ended 30 September 2020
| 30/9/20 | 30/9/19 | |
|---|---|---|
| as restated | ||
| £ | £ | |
| Charitable activities | ||
| Brought forward | 121,566 | 156,870 |
| Freehold property | 11,000 | 11,000 |
| Fixtures and fittings | 12,759 | 5,000 |
| Motor vehicles | 20,131 | 10,500 |
| Loss on sale of tangible fixed assets | - | (9,640) |
| Bank charges & interest | 1,496 | 6,950 |
| Hire purchase | 3,398 | - |
| Grants to institutions | 595,612 | 103,118 |
| Grants to individuals | 5,427 | - |
| Other | 771,389 | 283,798 |
| Loss on sale of tangible fixed assets | (110,873) | - |
| Support costs | ||
| Governance costs | ||
| Auditors' remuneration | 7,200 | 6,000 |
| Accountancy fees | 9,088 | 12,105 |
| Legal fees | 11,975 | 10,492 |
| 28,263 | 28,597 | |
| Total resources expended | 688,779 | 312,395 |
| Net (expenditure)/income | (256,574) | 3,515 |
This page does not form part of the statutory financial statements
Page 19
Dhammakaya Int Society of the UK 1-2 Brushfield Way Knaphill Woking Surrey GU21 2TG
21 September 2021
Barnbrook Sinclair Chancery House 30 St Johns Road Woking Surrey GU21 7SA
Dear Sirs
DHAMMAKAYA INT SOCIETY OF THE UK
ACCOUNTS TO 30 SEPTEMBER 2020
This representation letter is provided in connection with your audit of the financial statements of Dhammakaya Int Society of the UK for the year ended 30 September 2020 for the purpose of expressing an opinion as to whether the financial statements give a true and fair view of the results and financial position of Dhammakaya Int Society of the UK in accordance with the Charities Act 2011 and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102.
Financial Statements
-
We acknowledge as Trustees our responsibility, as set out in the terms of your engagement dated 11 December 2020 for preparing financial statements in accordance with the Charities Act 2011 and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which give a true and fair view of the financial position of the Charity as of 30 September 2020 and of the results of its operations for the year then ended and for making accurate representations to you.
-
Significant assumptions used by us in making accounting estimates, including those measured at fair value, are reasonable.
-
We have no plans or intentions that may materially alter the carrying value and where relevant the fair value measurements or classification of assets and liabilities reflected in the financial statements.
-
We have disclosed all known actual or possible litigation and claims whose effects should be considered when preparing the financial statements and these have been disclosed in accordance with the requirements of accounting standards.
-
Related party relationships and transactions have been appropriately accounted for and disclosed and we are not aware of further related party matters that require disclosure.
-
All events since the balance sheet date which require disclosure or which would materially affect the amounts in the financial statements have been adjusted or included in the financial statements.
-
We confirm the financial statements are free of material misstatements, including omissions. We believe that those uncorrected misstatements identified during the audit of the financial statements are immaterial both individually and in aggregate to the financial statements as a whole.
-
We confirm that, having considered our expectations and intentions for the next twelve months, and the availability of working capital, the Charity is a going concern. We confirm that the disclosures in the accounting policies are an accurate reflection of the reasons for our consideration that the financial statements should be drawn up on a going concern basis.
Information provided
-
All accounting records and relevant information have been made available to you for the purpose of your audit of the financial statements. We have provided to you all other information requested and given unrestricted access to persons within the entity from whom you have deemed it necessary to request information. All other records and related information including minutes of all management and shareholders meetings have been made available to you.
-
All transactions undertaken by the Charity have been properly reflected in the accounting records and are reflected in the financial statements.
-
We acknowledge our responsibility for the design, implementation and maintenance of controls to prevent and detect fraud. We have disclosed to you the results of our assessment of the risk that the financial statements may be materially misstated as a result of fraud.
-
We have disclosed to you all information in relation to fraud or suspected fraud that we are aware of and that affects the entity and involves management who have a significant role in internal control, or others, where fraud could have a material effect on the financial statements.
-
We confirm that we are not aware of any possible or actual instance of non-compliance with those laws and regulations which provide a legal framework within which the Charity conducts its business and which could affect the financial statements. The Charity has complied with all aspects of contractual agreements that could have a material effect on the financial statements in the event of non-compliance.
-
We confirm that we have disclosed to you the identity of the entity’s related parties and all related party relationships and transactions relevant to the Charity that we are aware of.
-
The Charity has satisfactory title to all assets, and there are no liens or encumbrances on the assets except for those disclosed in the financial statements.
-
There are no liabilities, contingent liabilities or guarantees to third parties other than those disclosed in the financial statements.
-
Grants and donations
All grants, donations and other income, the receipt of which is subject to specific terms or conditions, have been notified to you. There have been no breaches of terms or conditions during the period in the application of such income.
- Legacies and similar sources of assets
Notifications of legacies and similar sources of assets have been monitored, and all such assets have been recognised in accordance with the recommendations of the SORP on charity reporting.
We confirm to the best of our knowledge and belief that the above representations are made on the basis of enquiries of management and staff with relevant knowledge and experience and, where appropriate, of inspection of supporting documentation sufficient to satisfy ourselves that we can properly make each of the above representations to you.
We acknowledge our legal responsibilities regarding disclosure of information to you as auditors and confirm that so far as we are aware, there is no relevant audit information needed by you in connection with preparing your audit report of which you are unaware. Each Trustee has taken all the steps that he ought to have taken as a Trustee in order to make himself aware of any relevant audit information and to establish that you are aware of that information.
Yours faithfully
Ronnapop Lapcharoen (Sep 22, 2021 15:10 GMT+1)
…………………………………………………………. R Lapcharoen
Signed on behalf of the Trustees of Dhammakaya Int Society of the UK
DISUK - Accounts to 30 September 2020
Final Audit Report 2021-09-22
Created: 2021-09-22 By: Barnbrook Sinclair (echosign4@barnbrooksinclair.com) Status: Signed Transaction ID: CBJCHBCAABAAJgCuGeZsOSF7prznP8hQdxhT7513RhmP
"DISUK - Accounts to 30 September 2020" History
Document created by Barnbrook Sinclair (echosign4@barnbrooksinclair.com)
2021-09-22 - 8:32:28 AM GMT- IP address: 217.155.117.126
Document emailed to Ronnapop Lapcharoen (ron1246@gmail.com) for signature 2021-09-22 - 8:35:55 AM GMT
Email viewed by Ronnapop Lapcharoen (ron1246@gmail.com)
2021-09-22 - 12:50:41 PM GMT- IP address: 66.249.93.111
Document e-signed by Ronnapop Lapcharoen (ron1246@gmail.com)
Signature Date: 2021-09-22 - 2:10:06 PM GMT - Time Source: server- IP address: 90.251.7.138
Document emailed to Andrew Carpenter (andrew.carpenter@barnbrooksinclair.com) for signature 2021-09-22 - 2:10:08 PM GMT
Email viewed by Andrew Carpenter (andrew.carpenter@barnbrooksinclair.com) 2021-09-22 - 2:15:19 PM GMT- IP address: 121.91.81.160
Document e-signed by Andrew Carpenter (andrew.carpenter@barnbrooksinclair.com) Signature Date: 2021-09-22 - 2:16:08 PM GMT - Time Source: server- IP address: 217.155.117.126
Agreement completed.
2021-09-22 - 2:16:08 PM GMT