REGISTERED COMPANY NUMBER: 04417612 (England and Wales) REGISTERED CHARITY NUMBER: 1103950
Report of the Trustees and
Financial Statements
for the Year Ended 30 September 2023
for
Dhammakaya International Society of the United Kingdom
The Barnbrook Sinclair Partnership LLP Chartered Accountants Statutory Auditor Chancery House 30 St Johns Road Woking Surrey GU21 7SA
Dhammakaya International Society of the United Kingdom
Contents of the Financial Statements for the Year Ended 30 September 2023
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 4 |
| Statement of Trustees' Responsibilities | 5 | ||
| Report of the Independent Auditors | 6 | to | 8 |
| Statement of Financial Activities | 9 | ||
| Statement of Financial Position | 10 | ||
| Notes to the Financial Statements | 11 | to | 17 |
| Detailed Statement of Financial Activities | 18 | to | 19 |
Dhammakaya International Society of the United Kingdom
Report of the Trustees for the Year Ended 30 September 2023
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 2023. 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.
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 International Society of the United Kingdom
Report of the Trustees for the Year Ended 30 September 2023
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 2023 amounted to £96,219 (2022: £387,158).
It is the trustees' view that it is prudent to maintain a level of free reserves to cover the annual expenditure at approximately £175,000. The trustees also aim to 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 repairs to a Temple building.
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Dhammakaya International Society of the United Kingdom
Report of the Trustees for the Year Ended 30 September 2023
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.
Related parties
The Dhammakaya Foundation in Thailand has a large modern Buddhist Temple in Bangkok. Monks and Temple staff attend training here before joining the temple in the UK. There are Dhammakaya Temples 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.
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Dhammakaya International Society of the United Kingdom
Report of the Trustees for the Year Ended 30 September 2023
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 R Lapcharoen Monk T Boonsiriwatanakul Minister of Religion (appointed 1/4/2023) B Sudhipan Minister of Religion (appointed 1/4/2023) S Jongpatra (appointed 1/7/2023)
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
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 22 July 2024 and signed on its behalf by:
R Lapcharoen - Trustee
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Dhammakaya International Society of the United Kingdom
Statement of Trustees' Responsibilities for the Year Ended 30 September 2023
The trustees (who are also the directors of Dhammakaya International Society of the United Kingdom 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.
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Report of the Independent Auditors to the Members of Dhammakaya International Society of the United Kingdom
Opinion
We have audited the financial statements of Dhammakaya International Society of the United Kingdom (the 'charitable company') for the year ended 30 September 2023 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 2023 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
In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.
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 this gives rise to a material misstatement in the financial statements themselves. 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 International Society of the United Kingdom
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.
The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
We obtained an understanding of the legal and regulatory framework that the charity operates in, focussing on provisions of those laws and regulations that had a direct effect on the determination of material amounts and disclosures in the financial statements. The key laws and regulations we considered in this context include the Charities Act, the Companies Act and tax legislation. In addition we considered the provisions of other laws and regulations that do not have an effect on the financial statements but compliance with which may be fundamental to the charity's ability to incur or to avoid a material penalty, including the charity's operating licences and environmental regulations.
Our procedures in response to the risks identified included reviewing the financial statements disclosures and testing supporting documentation to assess compliance with the provisions of relevant laws and regulations considered to have a direct effect in the financial statements, enquiring of management concerning actual or potential litigation and claims, performing analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud, reading minutes of meetings of those charged with governance, reviewing correspondence with relevant regulatory authorities and in addressing the risk of fraud through management override of controls, testing the appropriateness of journal entries and other adjustments, assessing whether the judgements made in making accounting estimates are indicative of a potential bias and evaluating the business rationale of any significant transactions that are unusual or outside the normal course of business.
We also communicated relevant identified laws and regulations and potential audit risks to all engagement team members and remained alert to any indications of fraud or non-compliance with laws and regulations throughout the audit.
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.
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Report of the Independent Auditors to the Members of Dhammakaya International Society of the United Kingdom
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 (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
22 July 2024
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Dhammakaya International Society of the United Kingdom
Statement of Financial Activities for the Year Ended 30 September 2023
| Notes INCOME AND ENDOWMENTS FROM Donations and legacies Other trading activities 2 Investment income 3 Total EXPENDITURE ON Charitable activities Direct costs NET INCOME/(EXPENDITURE) RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
Unrestricted fund £ 334,754 18,516 23 353,293 445,812 (92,519) 3,091,677 2,999,158 |
Restricted fund £ - - - - - - 3,419,555 3,419,555 |
30/9/23 Total funds £ 334,754 18,516 23 353,293 445,812 (92,519) 6,511,232 6,418,713 |
30/9/22 Total funds £ 335,401 30,016 2 365,419 348,741 16,678 6,494,554 6,511,232 |
|---|---|---|---|---|
The notes form part of these financial statements
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Dhammakaya International Society of the United Kingdom
Statement of Financial Position 30 September 2023
| Notes FIXED ASSETS Tangible assets 9 CURRENT ASSETS Debtors 10 Cash at bank and in hand CREDITORS Amounts falling due within one year 11 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS 13 Unrestricted funds Restricted funds TOTAL FUNDS |
Unrestricted fund £ 2,900,028 7,149 108,953 116,102 (16,972) 99,130 2,999,158 2,999,158 |
Restricted fund £ 3,419,555 - - - - - 3,419,555 3,419,555 |
30/9/23 Total funds £ 6,319,583 7,149 108,953 116,102 (16,972) 99,130 6,418,713 6,418,713 2,999,158 3,419,555 6,418,713 |
30/9/22 Total funds £ 6,124,074 4,675 411,659 416,334 (29,176) 387,158 6,511,232 6,511,232 3,091,677 3,419,555 6,511,232 |
|---|---|---|---|---|
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 22 July 2024 and were signed on its behalf by:
R Lapcharoen - Trustee
The notes form part of these financial statements
Page 10
Dhammakaya International Society of the United Kingdom
Notes to the Financial Statements for the Year Ended 30 September 2023
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.
The presentation currency of the financial statements is the Pound Sterling (£).
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 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. Freehold land is not subject to depreciation.
Motor vehicles - 5 years straight line basis Fixtures and fittings - 5 years straight line basis Computer equipment - 3 years straight line basis
Taxation
The charity is exempt from corporation tax on its charitable activities.
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.
continued...
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Dhammakaya International Society of the United Kingdom
Notes to the Financial Statements - continued for the Year Ended 30 September 2023
1. ACCOUNTING POLICIES - continued
Fund accounting
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
| 30/9/23 £ Donation from Manchester Temple 9,204 Donation from Newcastle Temple 9,312 Donation from Denmark Temple - Donation from Scotland Temple - 18,516 3. INVESTMENT INCOME 30/9/23 £ Deposit account interest 23 4. GRANTS PAYABLE 30/9/23 £ Direct costs 94,890 The Charity has made the following material grants to institutions during the year: 2023 Name of institution £ Bavaria Temple - Hamburg temple 58,526 Thailand Temples 23,808 Other Buddhist organisation 12,556 94,890 |
30/9/23 £ Donation from Manchester Temple 9,204 Donation from Newcastle Temple 9,312 Donation from Denmark Temple - Donation from Scotland Temple - 18,516 3. INVESTMENT INCOME 30/9/23 £ Deposit account interest 23 4. GRANTS PAYABLE 30/9/23 £ Direct costs 94,890 The Charity has made the following material grants to institutions during the year: 2023 Name of institution £ Bavaria Temple - Hamburg temple 58,526 Thailand Temples 23,808 Other Buddhist organisation 12,556 94,890 |
30/9/23 £ Donation from Manchester Temple 9,204 Donation from Newcastle Temple 9,312 Donation from Denmark Temple - Donation from Scotland Temple - 18,516 3. INVESTMENT INCOME 30/9/23 £ Deposit account interest 23 4. GRANTS PAYABLE 30/9/23 £ Direct costs 94,890 The Charity has made the following material grants to institutions during the year: 2023 Name of institution £ Bavaria Temple - Hamburg temple 58,526 Thailand Temples 23,808 Other Buddhist organisation 12,556 94,890 |
30/9/22 £ 13,425 6,903 9,079 609 30,016 30/9/22 £ 2 30/9/22 £ 44,076 |
30/9/22 £ 13,425 6,903 9,079 609 30,016 30/9/22 £ 2 30/9/22 £ 44,076 |
|---|---|---|---|---|
| 2023 | 2022 | |||
| £ - 58,526 23,808 12,556 |
£ - 9,770 16,610 17,696 |
|||
| 94,890 | 44,076 |
continued...
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Dhammakaya International Society of the United Kingdom
Notes to the Financial Statements - continued for the Year Ended 30 September 2023
5. NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
| 30/9/23 | 30/9/23 | 30/9/22 | |||
|---|---|---|---|---|---|
| £ | £ | ||||
| Auditors' remuneration | 8,000 | 7,620 | |||
| Depreciation - owned assets | 29,369 | 39,446 | |||
| Surplus on disposal of fixed assets | - | (11,555) | |||
| TRUSTEES' REMUNERATION AND BENEFITS | |||||
| There were no trustees' remuneration or other benefits for the year ended 30 September | 2023 nor for the ye | ||||
| ended 30 September 2022. | |||||
| Trustees' expenses | |||||
| There were no trustees' expenses paid for the year ended 30 September |
2023 nor for the year end | ||||
| 30 September 2022. | |||||
| 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 | ||
| religious community at the temple. Each person receives £150 or £200 each month. This covers mobile phon | |||||
| laptop, baggage and gifts whilst travelling. The National Minimum Wage Regulations do not apply to religio | |||||
| workers living in a community of monks and religious workers. | |||||
| COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES | |||||
| INCOME AND ENDOWMENTS FROM | Unrestricted fund £ |
Restricted fund £ |
Total funds £ |
||
| Donations and legacies | 335,401 | - | 335,401 | ||
| Other trading activities | 30,016 | - | 30,016 | ||
| Investment income | 2 | - | 2 | ||
| Total | 365,419 | - | 365,419 | ||
| EXPENDITURE ON | |||||
| Charitable activities | |||||
| Direct costs | 348,741 | - | 348,741 | ||
| NET INCOME | 16,678 | - | 16,678 | ||
| RECONCILIATION OF FUNDS | |||||
| Total funds brought forward | 3,074,999 | 3,419,555 | 6,494,554 | ||
| TOTAL FUNDS CARRIED FORWARD | 3,091,677 | 3,419,555 | 6,511,232 |
6. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 30 September 2023 nor for the year ended 30 September 2022.
There were no trustees' expenses paid for the year ended 30 September 2023 nor for the year ended 30 September 2022.
7. STAFF COSTS
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.
8. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
continued...
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Dhammakaya International Society of the United Kingdom
Notes to the Financial Statements - continued for the Year Ended 30 September 2023
9. TANGIBLE FIXED ASSETS
| Fixtures Freehold and Motor property fittings vehicles £ £ £ Cost At 1 October 2022 6,201,191 102,252 76,653 Additions 221,048 - - At 30 September 2023 6,422,239 102,252 76,653 Depreciation At 1 October 2022 104,000 101,452 52,493 Charge for year 11,000 800 15,331 At 30 September 2023 115,000 102,252 67,824 Net book value At 30 September 2023 6,307,239 - 8,829 At 30 September 2022 6,097,191 800 24,160 10. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Other debtors 11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Hire purchase (see note 12) VAT Accruals and deferred income |
Computer equipment £ 2,885 3,830 6,715 962 2,238 3,200 3,515 1,923 30/9/23 £ 7,149 30/9/23 £ 4,121 41 12,810 16,972 |
Totals £ 6,382,981 224,878 6,607,859 258,907 29,369 288,276 6,319,583 6,124,074 30/9/22 £ 4,675 30/9/22 £ 16,366 - 12,810 29,176 |
|---|---|---|
12. LEASING AGREEMENTS
Minimum lease payments fall due as follows:
| Net obligations repayable: Within one year |
Hire purchase contracts 30/9/23 30/9/22 £ £ 4,121 16,366 |
Hire purchase contracts 30/9/23 30/9/22 £ £ 4,121 16,366 |
|---|---|---|
| Within one year Between one and five years |
Non-cancellable leases 30/9/23 £ 7,618 19,046 |
operating 30/9/22 £ - - |
| 26,664 | - |
continued...
Page 14
Dhammakaya International Society of the United Kingdom
Notes to the Financial Statements - continued for the Year Ended 30 September 2023
13. MOVEMENT IN FUNDS
| At 1/10/22 £ Unrestricted funds General fund 3,091,677 Restricted funds Restricted funds 3,419,555 TOTAL FUNDS 6,511,232 Net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 353,293 TOTAL FUNDS 353,293 Comparatives for movement in funds At 1/10/21 £ Unrestricted funds General fund 3,074,999 Restricted funds Restricted funds 3,419,555 TOTAL FUNDS 6,494,554 Comparative net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 365,419 TOTAL FUNDS 365,419 |
Net movement in funds £ (92,519) - (92,519) Resources expended £ (445,812) (445,812) Net movement in funds £ 16,678 - 16,678 Resources expended £ (348,741) (348,741) |
At 30/9/23 £ 2,999,158 3,419,555 6,418,713 Movement in funds £ (92,519) (92,519) At 30/9/22 £ 3,091,677 3,419,555 6,511,232 Movement in funds £ 16,678 16,678 |
|
|---|---|---|---|
continued...
Page 15
Dhammakaya International Society of the United Kingdom
Notes to the Financial Statements - continued for the Year Ended 30 September 2023
13. 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 1/10/21 £ 3,074,999 3,419,555 6,494,554 |
Net movement in funds £ (75,841) - (75,841) |
At 30/9/23 £ 2,999,158 3,419,555 6,418,713 |
|---|---|---|---|
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 TOTAL FUNDS |
Incoming resources £ 718,712 718,712 |
Resources Movement expended in funds £ £ (794,553) (75,841) (794,553) (75,841) |
|---|---|---|
14. 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 |
| 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.
Phra Veera Vingvorn is a trustee in Belgium, Netherlands and Sweden temples in Europe.
Contributions received from the UK and European Temples are as follows:
continued...
Page 16
Dhammakaya International Society of the United Kingdom
Notes to the Financial Statements - continued for the Year Ended 30 September 2023
14. RELATED PARTY DISCLOSURES - continued
| 2023 | 2022 | |
|---|---|---|
| £ | £ | |
| Newcastle Temple | 9,312 | 6,903 |
| Manchester Temple | 9,204 | 13,425 |
| Denmark Temple | - | 9,079 |
| Scotland Temple | - | 609 |
| Other Temples (Less than £2,500) | - | - |
| Total | 18,516 | 30,016 |
Page 17
Dhammakaya International Society of the United Kingdom
Detailed Statement of Financial Activities for the Year Ended 30 September 2023
| 30/9/23 | 30/9/22 | |
|---|---|---|
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Donations | 326,745 | 334,708 |
| Gift aid | 8,009 | 693 |
| Other trading activities | 334,754 | 335,401 |
| Donation from Manchester Temple | 9,204 | 13,425 |
| Donation from Newcastle Temple | 9,312 | 6,903 |
| Donation from Denmark Temple | - | 9,079 |
| Donation from Scotland Temple | - | 609 |
| Investment income | 18,516 | 30,016 |
| Deposit account interest | 23 | 2 |
| Total incoming resources | 353,293 | 365,419 |
| EXPENDITURE | ||
| Charitable activities | ||
| Wages | 28,387 | 24,090 |
| Rates and water | 8,566 | 11,195 |
| Insurance | 13,240 | 11,492 |
| Light and heat | 53,035 | 25,132 |
| Telephone | 3,691 | 2,423 |
| Postage and stationery | 1,488 | 2,712 |
| Advertising | 10,601 | 18,500 |
| Sundries | 11,159 | 18,287 |
| Courses & welfare | 27,025 | 33,071 |
| Repairs & maintenance | 40,928 | 14,154 |
| Food & refreshment | 34,960 | 29,709 |
| Ceremony | 4,567 | 19,865 |
| Monks/staff public works | 14,410 | 11,310 |
| Motor expenses | 14,895 | 6,253 |
| Travel | 38,101 | 21,319 |
| Global Buddhist network | - | 3,105 |
| Freehold property | 11,000 | 11,000 |
| Fixtures and fittings | 800 | 12,153 |
| Motor vehicles | 15,331 | 15,331 |
| Computer equipment | 2,238 | 962 |
| Loss on sale of tangible fixed assets | - | (11,555) |
| Bank charges & interest | 598 | 532 |
| Hire purchase interest | 782 | 555 |
| Grants to institutions | 94,890 | 44,076 |
| 430,692 | 325,671 |
This page does not form part of the statutory financial statements
Page 18
Dhammakaya International Society of the United Kingdom
Detailed Statement of Financial Activities for the Year Ended 30 September 2023
| 30/9/23 | 30/9/22 | |
|---|---|---|
| £ | £ | |
| Support costs | ||
| Governance costs | ||
| Auditors' remuneration | 8,000 | 7,620 |
| Accountancy fees | 7,120 | 6,450 |
| Legal fees | - | 9,000 |
| 15,120 | 23,070 | |
| Total resources expended | 445,812 | 348,741 |
| Net (expenditure)/income | (92,519) | 16,678 |
This page does not form part of the statutory financial statements
Page 19