Charity registratlon number 1109531 WAT BUDDHARAM (LONDON) ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
WAT BUDDHARAM (LONDON) LEGAL AND ADMINISTRATIVE INFORMATION Trustees Ven. Phramaha Somchai Wirawat- Chair Maung Maung Thein Woranuch Sleel lan Bunker Venerable Wisanu Kalinda Boonruk PhosLwan Daravanh Nokeokouman - Assistant treasurer Suphenphan Injan Thavisack Nokeokouman Ven. Phra Nikom Singlow NaY Wollweber Ven. Anand Sengsavang Uadhya Tapaneyasas Siripong Kanlangkul (Resigned) {Resioned) (Resigned) Charity number 1109531 Senior Management Ven. Phramaha Somchai Wirawal- Chief Executive Officer Registered office Sunnyside Risebridge Chase Romford RMI PR4 Independent examlner David Terry Ramon Lee Lld Chartered Accounlanls 93 Tabernacle Street London EC2A4BA Bankers Triodos Bank Deanery Road Brislol BS15AS Web51te .walbuddharam.or
WAT BUDDHARAM (LONDON) CONTENTS Page Trustees. report Independent examinerfs report Statement of financial activities Balance sheet Noles lo the financial statemenls 7-16
WAT BUDDHARAM (LONDON) TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2025 The Trustees present their annual reporl and financial statements for the year ended 31 March 2025. The financial statements have been prepared in accordance with the accounting policies sel oul in note 1 to the financial slalemenls and comply with the charills Irusl deed. the Charities Act 2011 and "Accounting and Reporting by Charities= Slalemenl of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applbcable in the UK arKI Republic of Ireland (FRS 102)" (effective 1 January 201g). Objectives and activities The objectives of Ihe Charity are.. For the public benefil lo advance Theravada Buddhism, in particular, bul not exclusively, Ihrough leaching and instructing the public in the Iradilions, praclices and belief5 of Theravada Buddhisn) and through Ihe provision, Maintenan and support of a leMe and residenlial cenlre for Bhikkhus (monks)., To advance the education of the public in the Iradilional languages, festivals and soaal values of Thailand; and The provision of grants or scholarships for sludenls in financAal need living or studying in anywhere within the area of benefit Achievements and performance Following the completion of the sale of the property al 77 Blake Hall Road in Wanslead and Ihe purchase of the Sunnyside Farm in Romford, Wat BLJddharam London successfully moved lo the new piemises on 20th August 2024. Some initial building works and enhancemenls have been carried out to transform the farm into a space more suitable for a Thai Buddhist temple. We have been able lo hold our customary annual Festivals and also many more new and long awaited events and ceremonies Ihal our Community was eager to allend. Wal Buddharam London has seen a significant increase in the number and frequency of allendance. We have welcomed new devotees from all paris of London and afar as the demand for various ceremonies has risen, ranging from birthdays, anniversary, mourning, funerals etc. Our monthly meditation class8s have gained traction and many devotees now join Ihe 2 days programme each lasl weekend of the month. The biggest achievement so far was that everylhirvJ happened in silu, removing the need to hire an exlemal hall and reducing considerably the costs, expensesarKf efforts required. Wp successfully applied for new currenl and deposils accounts wilh Nalwesl Bank at Ihe end of March 2025. We gradually moved most of our operations from Triodos Bank lo benefit from a more perfoming platform with Internet Banking and local branches. Our volunteers We are fortunale to have the benefil of 45 volunteers working in a range of servi$ including cooking and cleaning for the temple. They are a wonderful complemenl lo our wo. Public Benefit statement The Trustees considei that they have complied with Seclion 17 of the Chanties Act 2011 with regard to the guidance on public benefit publislied by the Charity Commission. Financial review The slalemenl of Financial Activities shows a r)et surplus of £105,270 {2024 £60.040) for the year and a realised gain on disposal offreehold property of £481.120. The charity had free resetves of £24.661 (2024- £281,696) al the end of the year.
WAT BUDDHARAM (LONDON) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Reserves policy The Tiuslees consider it prudent to maintain an adequate level of unreslricled resetves lo cover Ihe Charily's conlraclual commilmenls and provide sufficient working capital and lo accumulate funds lowards the cosls of achieving future objeclive5 of the Charity. The unrestricied funds not designated or invested in tangible fixed assets held by the charity are £24.661 {2024 - £281.696). Plans for future periods The charity plans lo use the new premises al Sunnyside Farm in Romford lo expand the range of activities 2vailable to the community. We have started the process of selling the property al No 10 Claughlon in East Ham. The proceeds will be used to redeem Ihe mortgago with Triodos Bank and tho remainder of Ihe funds will be oqvailable lor fijrther improvemenls Tequiring finance. Also some of the interest free loans can be repaid if Ihe lenders request early repayment. The balance will be retained as reserves for future a¢tiMlies. We are endeavouring lo raise regular monthly income in order lo sustain wilhoul using existing reseNes. structure, governance and management Governing document The organisalion was established on 16th January 2005 when the conslitulion was adopted (laler amended 15th May 2005).11 was regislered as a charity on 18th May 2005 wilh the Charity Commission {charily no. 1109531). The organi5alion is governed by il's Constilulion which sets oul the objects and powers of the Charity and governs Ihe actions ol the Truslees. Recrultment and appolntment of Trustees The Board of Trustees has the power lo appoint addilional Truslees as il considers fil lo do so. The Trustees in Ihe Offi in the year are sel oul on legal and administrative information page. They have no beneficial inleresl in the organisalion olher than as members and hav8 absolute discretion with regards lo investment decisions. No Trustee received remuneration during Ihe year for services to the Trust. Organlsatlon The Board of Trustees, administers Ihe charity. The Board meets quarterly lo review the affairs of the Charity. All deoisions relating lo slralegy and policy are made by the Board of Truslees. Related partles The charity docs not have relationships with related parties and olher ¢harilies and organisalions with which il ¢ooperales in pursuil of its charilable objectives. Rlsk ManagÈment The Trustees have a risk management strategy which compti5es: An annual review of the risks the charity may face. The establishment of syslems and procedures Its miti9ate Ihose risks idenlified in the plan: Implemenlalion of procedures designed lo minimise any potential impact on the charity should those iisks malerialise.
WAT BUDDHARAM (LONDON) TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 statement of Trustees. responslbilities The TTuslees are responsiblé lor preparing Ihe Trustee5' Report and the financial slalemenls in accordance with applicable law and United Kingdom Accounling Standard5 {United ngdoM Geneially Accepted Aecotjnling Practic£}. The law applicable lo charilies in England and Wales require% the Trvstees lo piepare financial slalemenls for 83ch financial year which gtve a liue and fair %'iaiv of the -.!?le ol affairs of the charity and ol Ihe incoming resoir-es and application of resources of the charity for Inat year. In preparing these financial slalemenls, the Trustees are required to= select suitable accounting policies and then apply them consislenily: - observe the melhods and principles in ihe Charities SORP., make judgements and estimales Ihal are re8sonable and prudent., stale whether appllcable aGcounling standards have been followed, subject lo any material departures disdosed and explained in the financial slalemenls; and prepare the financi31 slalen)enls on Ihe going Ccern basis unless il is inapwopriale to presume Ihal the charity will continue in operation. The Trustees are responsible for keeping sufficient accounting records Ihal disclos8 with reasonabl8 accuracy al any lime the finanaal position of the charity and enable Ihem lo ensure thal Ihe financial slalemenls compty wilh the Charilies Act 2011, the Charily (A¢¢ounls and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assels of the tharity and hence for taking re8sonable steps for the prevenlion and delecllon of fraud and other irregularities. The Trustees are responslble for Ihe malnlenance and integrity of Ihe charity and flnanctal Informalion incl¢Jded on the charity's website in accordance wilh legislalion in Ihe United Kingdom goveming the preparation and dissemination of financial slalemenls. The Truslees, re rt was approved by the Board of Tnjslees and signed on ils behalf by.. Maung Maung Theln FCA {Retiredl Trustee 28 January 2026
WAT BUDDHARAM (LONDON) INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF WAT BUDDHARAM (LONDON) I report lo the Trustees on my examination of Ihe financial statements of Wal Buddharam (London) (the chaiityl for the year ended 31 March 2025. This report is made solely lo Ihe charity's trustees, as a body. in accordance with the Charities Act 2011. My work has been undertaken so that I might slate lo the charily s ttuslees those mallers l am required lo slate lo them in an independent exaininer's report and for no other purpose. To Ihe fullest exlenl pennilled by law, I do not accept or assume responsibility to anyone olher Ihan the charity and Ihe charity's Iruslees as a body, for my Independent Examinalion, for this report, or for the opinions I have formed. Responsibilities and basis of report As the Trustees of the charily you are responsible for Ihe pieparalion of Ihe financial slalemenls in accordance wilh the requirements of the Charities Act 2011 (Ihe 2011 Acl}. I report In respect of my examinalion of the charity's financial slatemenls carried oul under section 145 of the 2011 Act. In carrying oul my examination I have followed all the applicable Direclions given by the Charity Commission under section 145<5)(b) of Ihe 2011 Ad. Independent examiner's statement Your allenlion is drawn lo the fact that the charity has prepared financial slalemenls in accordance with Accounling and Reporting by Chaiilies preparing their accounls in accordance with Ihe Financial Reporling Standard applicable in Ihe UK and Republic of lieland (FRS 1021 in preference lo the Accounting and Reporting by Charities.. Slatemenl of Recommended Practice issued on 1 April 2005 which is referred lo in Ihe exlanl regulations bul has now been wilhdrawn. l undersland that this has been done in order for financial slalemenls to provide a Irue and fair view in accordance with Generally Accepted Accounling Practice effeclive for reporting periods beginning on or afler 1 January 2015. I have completed my examination. l ¢onfimi thal no mallers have come lo my attention in connection wllh the examination giving me cause lo believe Ihal in any material respect.. accounling records were not kepl in respect of the charily as required by section 130 of the 2011 Act. or Ihe financial statements do not accord with Ihose records., or Ihe financial slalemenls do not comply with the applicable requirements concerning the form and conlenl of accounts sel out in the Charities (Accounts and Reports) Regulations 2008 other Ihan any requirement that the accounts give a true and fair view which is nol a maller CA)nsidered a5 part of an independenl examination. I have na concerns and have come across no other matters in connedion with the examination to which altenlion should be drawn in this report in order to enable a proper understanding of the financial slalemenls lo be reached. David Terry Ramon Lee Ltd Chartered Accountants 93 Tabernacle Street London EC2A 4BA Dated: 28 January 2026
WAT BUDDHARAM {LONDON) STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITUREACCOUNT FOR THE YEAR ENDED 31 MARCH 2025 Unrestricted Restricted funds funds Total 2025 Total 2024 Notes Income from: Donations and legacies Investments 198.089 993 18.928 217,017 993 171,116 530 Total income 199,082 18.928 218,010 171,646 Ex enditure on,. Raising funds Charitable aGtivilies 23,405 89.335 23,405 89,335 51,290 60,316 Total expenditure 112,740 112,740 111,606 Net incoming rèsources before transfers 86,342 18,928 105.270 60.040 Gross transfers between funds 48,841 (48,841) Net incomel(expenditure) for the yearl Net Incominglloutgoingl resources 135,183 (29,913) 105,270 60,040 Other recognised gains and losses Gain on dispos81 of tangible fixed assets 481,120 481.120 Net movement In funds 616.303 (29,913) 586,390 60,040 Fund balances al 1 April 2024 1.175,402 67.614 1,243,016 1,182,976 Fund balances at 31 March 2025 1,791.705 37,701 1,829,406 1,243,016 The slatemenl of financial aclivilies includes all gains and losses Cognised in the year. All in¢ome and expendilure derive from conlinuing activities. The notes on pages 710 16 form part of Ihese financial stalemenls.
WAT BUDDHARAM {LONDON} BALANCE SHEET AS AT31 MARCH 2025 2025 2024 Notes Fixed assets Tangible assets 10 2,087,761 1.030,881 Current 11set$ Debtors Cash al bank and in hand 11 1,848 80,964 3.729 365.707 82.812 369.436 Creditors: amounts falling due wlthin one year 12 (20,450) 120,126) Nel current assets 62.362 349,310 Total assets less current liabilities 2.150.123 1,380,191 Creditors: amounts falling du• after more th3n one year 13 (320,71n (137,1751 Nel assets 1,829,406 1,243,016 In¢ome funds Reslricled lund5 Unreslricted lunds 15 37,701 1,791,705 67.614 1,175,402 1,829,406 1.243,016 The noles on pages 7 10 16 form part of Ihese finaneAal slalements. The financial stale enls were approved by Ihe Tru51ee5 on 28 January 2026 and were signed on its behalf by.. Maung Maung Theln FCA (Retired) Trustee
WAT BUDDHARAM (LONDON) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Accounting policies 1.1 Accounting convention The financial slalemenls have been prepared in accordance with the charity's Irusl deed. the Charities Act 2011, FRS 102 'The Financial Reporting Standard applFcable in the UK and Republic of Ireland. C'FRS 102°> and the Charilies SORP "Accounling and Reporting by Charities.. Statement of Recommended Pracli applicable to charities preparing Iheir accounts in accordance wilh the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019). The charily is a Public 8enefit Enlily as defined by FRS 102. The financial slalemenls have departed from Ihe Charities (Accounts and Reports) Regulations 2008 only lo Ihe exlenl required lo provide a true and fair view. This departure has involved following Ihè Statement of Recommended Practice for charities 2pplying FRS 102 rather than the version of the Slalement of Recnmmendod Practice which is referred to in the Regulalions bul which has since been withdrawn. The financial slalemenls are prepared in sterling. which is the functional currency of the charity. Monelary amounls in these finanal slalemenls are rounded lo the nearest £. The financial sialemenls have been prepared under the historical ¢osl convention. The principal accounting poliae5 adopted are sel out below. 1.2 Going concern The Charily's Financial Statements shows a nel surplus of £105,270 (2024 - £60,040) lor the year and a realised gain on disposal of freehold property of £481,120. The charity had free reserves of £24,661 <2024 £281,696) al the end of the year. The Iruslees are of the view Ih21 these results h3ve secured the immediate future of the Charity for the nexl 12 10 18 months and on Ihis basis the Charity is a going concern. 1.3 Charitable funds Unreslricled funds are availabte for use at the discrelion of the Trustees in furtherance of their charitable objectives. Reslricled funds are svbjecl lo specific condilions by donors as lo how they may be used. The purposes and uses of Ihe reslricled funds are sel out in the notes to the financial slalements. 1.4 Income Voluntary income including donalions, gifts and legacies that provide core funding or are of general nature are recogriised where Iliere is enlillement. certainly ol ieceipl and the amount can be measured wilh suffiGienl reliabilily. Such income is only deferred when.. The donor specifies that the granl or donation must only be used in future accounling periods., or The donor has itnposed conditions whith musl be mel befoie the chalily has unconditional enlillemenl. Bank interest is included on a receipts basis. Income Tax recoverable on donalions received is included on an acLruals basis.
WAT BUDDHARAM {LONDON) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accounting policies {Continuedl 1.5 Expenditure Expendilure is recognised once there is a legal or constrltctive obligation to transfer economic benefil to a third party. il is probable that a Iransfer of economic benefits will be required in selllement, and the amount of the obligation can be measured reliably. Expenditure is classified by aclivity. The costs of each aclivily are made up of the tolal of direcl costs and shared costs, including support costs involved in undetlaking each aclivily. Direct costs atlribulable lo a single aclivily are allocated directly lo thal aclivily. Shared costs which conlribule lo more 11)iin one aclivily and support costs which are not atlributable to a single aclivily are apportioned belween those aclivilies on 2 basis consislenl with the use of resources. Cenlral staff costs are allocated on the basis of time spent, and deprecialion charges are allocated on the portion of Ihe asset's use. Allocation of support costs Support costs are those functions Ihal assisl Ihe work ol Ihe charity but do nol directly undertake diarilable aclivilies. Support costs include back office cosls. finance and adminislrdlion personnel and governance costs which support the Trust's programmes and aclivilies. These cos15 have been allocated between cost of raising funds and expendilure on charilable activities in proportion of direcl cL)sls. 1.6 Tangiblè fixed assets Tangible fixed assets aTe inilially rneasured al cost and subsequenlty measured al cst or valuation. nel of deprecialion and any impairment losses. The cost of minor additrons or those Costing less than of £500 are nol capilalized. Depreciation is recognised so as lo write off Ihe cosl or valuation of assets tess their residual values over their uselul lives on the following bases: Freehold land and buildings Fixtures and fitlings Motor vehicles Nol depreciated Over 4 years slraighl line 250k on net book value The gain or loss arising on the disposal of an asset is determined as Ihe difference beh¥een the sale prOed5 and the carrying value of the asset, and is CogniSed in the slatemenl of financial activities. 1.7 Cash and cash equivalents Cash and cash equivalenls include cash in hand. dewsits held al ¢all wilh banks, other short-term liquid inveslmenls wilh original malurilies of Ihree months or less. and bank overdrafts. Bank overdrafts are shown within boirowings in CLJrrenl liabilities. 1.8 Financial instruments The charity has elecled lo apply Ihe provisions of Section 11 'Basic Financial Instruments, and Section 12 'Other Financial Instruments Issues, ol FRS 102 to all of ils financial inslrumenls. Financial in51rumenls are recognised in Ihe charity's balance sheet when the charily bewmes party lo the conlraclual provisions of the inslrumenl. Financial assets and liabilities are offset. wilh Ihe net amounts presented in ihe finanaal slalemenls, when there is a legally enforceable right lo sel off the recognised amounls and Ihere is an intention to sellle on a nel basis or lo realise the asset and sellle the liability simultaneously. 1.9 Taxation The Charity is a registered charity and. therefore, is not liable for Income Tax or Corporalion Tax on income derived from ils charitable aclivilies, as it falls within the various exemplions available lo registered charities.
WAT BUDDHARAM {LONDON) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accounting policies (Continued) 1.10 Creditors and Provisions Creditors and provisions are recognised where the charity has a present obligation resulling from a past evenl that will probably iesull in Ihe Iransfer of funds to a third party and the amount due lo sellle the obligation can be measured or eslimaled reliably. Creditors and provisions are normally recognised al their settlement amount after allowing for any trade discounls due. 1.11 Cash flow statement The charily qualifies as a small charily and advantage has been taken of the exemption provided by SORP (FRS 1021 as amended by Bulletin l. not lo prepare a cash flow slalement. 1.12 Debtors & Prepayments Trade and other debtors are recognised al Ihe selllement amount due afler any trade discount offered. Prepayments are valued al the amount prepaid nel ofany trade discounts due. Crltlcal accounting estimates and ludgements In Ihe application of the charity's accounling policies. the Trustees are required lo make ludgemenls, eslimales and assumptions aboul the carrying amount of assels and liabilities thal are nol readily apparent from other sources. The eslimales and associated assumptions are based on historical experÈence and other factors that are considered to be relevant. Actual results may differ Irom these eslimales. The estimates and underlying assumpiions are reviewed on an ongoing basis. Revisions lo accounting eslimales are recognised in the period in which the estimate is revised where the revision affecls only that period, or in the period of Ihe revision and lulure periods where the revision affeds both ctjrrenl and future periods. Donations and legacies Unrestricted Restricted funds funds Total 2025 Total 2024 Individual donations 198.089 18,928 217,017 171,116 198.089 18,928 217,017 171,116 For the year ended 31 March 2024 157.834 13,282 171,116
WAT BUDDHARAM {LONDON) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Investments Unrestricted funds Total 2025 Total 20Z4 Inveslmenl Income 993 993 530 993 993 530 Forthe year ended 31 March 2024 530 530 Ralsing funds Unrestricted funds Total 2025 Total 2024 Other fundraising costs Share of support costs (see note 7) Share of governanGe costs (see note n 9,993 13,103 309 9,993 13,103 309 31,738 19,017 535 23,405 23,405 51,290 For the year ended 31 March 2024 51,290 61,290 10-
WAT BUDDHARAM (LONDON) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Charitable activities Buddhlst temple Total 2025 Total 2024 Food and consumables Donalions 10,160 27,984 10,160 27.984 3,443 33.882 38.144 38.144 37,325 Shale ofsupport costs {see note 71 Share of governance cosls {see note 7) 50,012 1,179 50.012 1,179 22,362 629 89.335 89,335 60,316 Analysls by fund Unrestricted funds 89.335 89,335 60,316 89,335 89,335 60.318 For the year ended 31 March 2024 Unreslricled funds 60,316 60.316 60,316 60.316 11
WAT BUDDHARAM (LONDON) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Support costs Support Governance costs costs Total 2025 Totsl 2024 Depreciation Mortgage interest Legal and professional costs Renl and rates Insurance Light and heat Travel and motor expenses Communication Subscription and license Computer support & l.T. maintenance Sundry expenses Repairs & renewals Bank charges 1,135 12.220 1,733 4,538 5,520 5,042 12,585 1.023 50 2,844 2,984 13,299 142 1.135 12.220 1.733 4.538 5.520 5.042 12,585 1,023 50 2.844 2.984 13.299 142 1.038 12,964 1,400 5,626 5,648 8,410 2,664 1,214 75 1,625 436 101 178 Independent examinels fees 1,488 1.488 1,164 63,115 1.488 64,603 42,543 Analysed beeen Fundraising Charitable aclivilies 13.103 50,012 309 1.179 13.412 51,191 19,552 22,991 63,115 1.488 64,603 42,543 Net movement In funds 2025 2024 Nel movement in funds is slated after chargingl(crediling) Deprecialion of owned langible fixed assets 1,135 1.038 Inde endenl Examiner's fees Independenl examination fees Other servi$ 972 516 708 456 1.488 1,164 12-
WAT BUDDHARAM (LONDON) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Other gains or losses Unrestricted funds Total Total 2025 2025 2024 Gain on disposal of tangible fixed assets 481.120 481,120 During Ihe year, the charity sold ils freehold propety al 77 Blake Hall Road, Wanslead, realising a gain on disposal of £481.120. 10 Tangible fixed assets Frg•hold land Flxtures and Molor vèhi¢108 and bulldlngs fltllngs Total Cost At 1 April 2024 Addilions Disposals 1,028,516 1,602,870 (547,032) 38,011 2,177 41,995 1,108,522 1.605,047 (547,0321 Al 31 March 2025 2,084,354 40,188 41,995 2,166.537 Depreclatlon and Impalmient Al 1 April 2024 Depreciation charged in the year 38.011 544 39,630 591 77.641 1,135 At 31 March 2025 38,555 40,221 78,776 Carrying amount Al 31 March 2025 2.084,354 1,633 1,774 2.087,761 Al 31 March 2024 1.028,516 2.365 1,030,881 During the year, Ihe charily disposed of ils freehold property at 77 Blake Hall Road. Wanslead, and acquired a freehold property al Sunnyside Faim. Romford. foIlowing which Ihe charity relocaled ils operation5 to Ihe new premises on 20 August 2024. 11 Debtors 2025 2024 Amounts falling due within one year. Other debtors Prepayments 822 1,026 3,729 1,848 3,729 13-
WAT BUDDHARAM {LONDON) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 12 Creditor5- amounts falling due within one year 2025 2024 Notes Mortgage108n Accruals 14 18,962 1,488 18,962 1,164 20,450 20,126 q3 Creditors: amounts falllng due after more than one year 2025 2024 Notes Mortgage108n other Loans 14 130,717 190,000 137,175 320,717 137,175 Olher loans represent inleresl-free loans received by the charily and repayable after more than one year. 14 Mortgage Loan 2025 2024 Bank loans 149,679 156,137 Payable wllhin one year Payable after one year 18.962 130,717 18,962 137,175 The mortgage loan is secured on the freehold properties. 14-
%x
WAT BUDDHARAM {LONDON) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 16 Analys15 of net assets between funds Unrestricted Restricted funds funds Total Unrestiicted Restricted 2025 funds funds Total 2024 Fund balances al 31 March 2025 are represented by.. Tangible assets Currenl assetsl{liabilities) Long lemi liabilities 2,087,761 24.661 {320.717) 2.087.761 1,030.881 62,362 281,696 (320,717) {137,175) 1,030,881 349.310 (137.175} 37.701 67,614 1.791,705 37.701 1.829,406 1,175,402 67,614 1,243,016 17 Related party transactions No Trustee received any remuneration during the year. Ven. Phramaha Somchai Wirawal and Ven. Phramaha Nikom Singlow. who are Trustees of Ihe Charily, reside wilhin accommodation al the temple renl free, as part of their duties as Buddhist monks. During the year, the chaiity paid £96.000 for renovation of Ihe temple building to Danny General Building Limited where one of the Trustees is a major shareholder in the Company. 16-