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2023-12-31-accounts

REGISTERED CHARITY NUMBER: 1142864

TRUSTEES' REPORT AND

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

THE BUDDHAPADIPA TEMPLE TRUST

MPS Accountancy Ltd Unit S The Wallows Industrial Estate Fens Pool Avenue Brierley Hill DY5 1QA

THE BUDDHAPADIPA TEMPLE TRUST

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

Page
Trustees' Report 1 to 6
Independent Examiner's Report 7
Statement of Financial Activities 8
Statement of Financial Position 9
Notes to the Financial Statements 10 to 16
Detailed Statement of Financial Activities 17 to 18

THE BUDDHAPADIPA TEMPLE TRUST

TRUSTEES' REPORT

FOR THE YEAR ENDED 31 DECEMBER 2023

The Buddhapadipa Temple Trust is a serene and culturally rich location. Located in Wimbledon, London, it offers a blend of spiritual, educational, and architectural elements.

Established as a charity: 11th July 2011

Location : 14 Calonne Road, Wimbledon, London, SW19 5HJ

Premises include:

OBJECTIVES AND ACTIVITIES

Objectivies of The Buddhapadipa Temple Trust

The principal objectives of the Trust are:

a) Advancement of Education

To advance education for the public benefit-primarily, though not exclusively-by:

b) Advancement of Buddhism in the UK

To promote Buddhism for public benefit by:

c) Promotion of Buddhist Faith in the Community

To advance the Buddhist faith locally and nationally through:

This is done in the spirit of "come and see for yourself" , with further instruction available on a purely voluntary basis.

d) Promotion of Interfaith Harmony and Community Cohesion

To foster better understanding between different faiths and cultures by:

Page 1

THE BUDDHAPADIPA TEMPLE TRUST

TRUSTEES' REPORT FOR THE YEAR ENDED 31 DECEMBER 2023

OBJECTIVES AND ACTIVITIES

Activities of the trust for public benefit

The Buddhapadipa Temple Trust undertakes a wide range of activities that serve the public and promote Buddhist values, education, and community engagement:

a) Sunday School

Conducted by a qualified monk, the Sunday school welcomes children of Thai, English, and other origins. The curriculum emphasizes:

b) Lay Buddhist Association (LBA)

Under the Trustees' guidance, the LBA organizes:

c) Publications

The Trust distributes several publications free of charge:

The LBA also operates a bookshop offering Buddhist literature at affordable prices.

d) Library Facilities

The Temple provides access to a well-stocked library featuring:

e) Meditation Classes

Held twice weekly, these classes are led by a meditation master and offer:

f) Annual Residential Retreat for Thai Women

A 9-day retreat conducted in Thai by a meditation master, designed to:

g) Summer Training Course for Novice Monks

h) Educational Visits

Page 2

THE BUDDHAPADIPA TEMPLE TRUST

TRUSTEES' REPORT FOR THE YEAR ENDED 31 DECEMBER 2023

OBJECTIVES AND ACTIVITIES

The Temple regularly hosts:

i) Outreach by Senior Monk

The Ven. Dr. P.L. Panyasiri is frequently invited to:

j) Outreach by Other Monks and Lay Speakers

The Ven. PM Bhatsakorn and lay speakers often give talks on Buddhism at:

ACHIEVEMENTS AND PERFORMANCE

Principal Funding

The Buddhapadipa Temple Trust is entirely dependent on public donations . Contribution boxes are placed within the Temple and in the common areas of the monks' residence. While donations are entirely voluntary , the Trust is pleased to report that both Thai and British communities contribute generously , reflecting their support and appreciation for the Temple's spiritual, educational, and cultural activi ties.

FINANCIAL REVIEW

Financial review

Income for the charity is mainly comprised of donations and legacies of £289,862 (2022: £146,559), collections from services of £76,976 (2022: nil) and investment income of £25,243 (2022: £4,802). Other sources of income amounted to £20,928 (2022: £4,241).

Total expenditure was £288,986 (2022: £146,426) which included £217,524 (2022: £111,945) towards the running costs of the temple. Charitable activities included expenditure of £70,262 (2022: £33,014).

This resulted in a balance sheet at 31 December 2023 showing a net asset position of £2,565,253 (2022: £ 2,441,230).

Reserves policy

The reserve policy is to hold twelve months' worth of operating costs at all times in order to maintain an appropriate level of protection against financial risks and uncertainty and given that the Trust's income will be from donations the extent and level of which cannot be guaranteed.

£919,966 of these funds have been designated for expenditure in relation to the Temple roof repairs.

Page 3

THE BUDDHAPADIPA TEMPLE TRUST

TRUSTEES' REPORT FOR THE YEAR ENDED 31 DECEMBER 2023

PLANS FOR THE FUTURE Songkran Festival

On 16th April 2023 , the Trust successfully hosted a full-scale Songkran Festival . Due to its popularity and positive reception, this event will now be held annually at the Temple.

Sunday School Reopening

The Buddhist Sunday School was reopened in March 2023 and will continue to operate into the future, offering educational and spiritual guidance to childr en of diverse backgrounds.

Summer Houses Expansion

Following the construction of three summer houses , the Trust plans to build a fourth summer house in 2024 . This will be located within a newly landscaped area at the rear of the Temple, which will be transformed into a Buddha Garden .

Princess Garden Project

In 2024 , the monks intend to create a Princess Garden in front of the main residence, enhancing the aesthetic and spiritual ambiance of the Temple ground s.

Temple Roof Repairs

Essential roof repairs for the Temple are scheduled to commence in 2024 , ensuring the preservation and safety of the historic structure.

New Temple Signage

A new sign will be ordered and installed in 2024 , facing the road and mounted on the back of the existing sign that currently faces the Temple, improving visib ility and accessibility for visitors.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.

Governance Structure

Trustees: 8 in total at year-end

- 3 Buddhist Monks

Responsibilities:

Page 4

THE BUDDHAPADIPA TEMPLE TRUST

TRUSTEES' REPORT FOR THE YEAR ENDED 31 DECEMBER 2023

STRUCTURE, GOVERNANCE AND MANAGEMENT Operational Support

Trustee Meetings : Held regularly to oversee operations.

- Lay Supporters :

Relationship with the local community and police

The Buddhapadipa Temple Trust maintains excellent relations with the local community, including neighbouring residents and other religious organizations. Through ongoing engagement and mutual respect, the Trust has earned the trust and confidence of both local residents and the Metropolitan Police . This strong relationship supports the Temple's role as a peaceful and respected presence in the Wimble don area.

Risk management

The Trustees of the Buddhapadipa Temple Trust have conducted a comprehensive assessment of the risks facing the Charity. A risk matrix has been developed to identify:

- Major risks by area of activity

- Nature and likelihood of each risk

- Mitigation measures in place

This matrix is reviewed regularly during Trust meetings to ensure ongoing relevance and effectiveness.

The Trustees confirm that adequate measures have been taken to manage identified risks. These include:

REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number

1142864

Principal address

14 Calonne Road Wimbledon London SW19 5HJ

Trustees

Ms S Tuck (appointed 30.10.23) Mr R Ellis (appointed 31.7.23) Mr P L Panyasiri (appointed 4.5.23) Mr B Kota Mr P S Lom (appointed 1.1.23) Mr W Poonam Mr S Narinwong Mr P S Phuangphua

Page 5

THE BUDDHAPADIPA TEMPLE TRUST

TRUSTEES' REPORT FOR THE YEAR ENDED 31 DECEMBER 2023

REFERENCE AND ADMINISTRATIVE DETAILS

Independent Examiner

MPS Accountancy Ltd Unit S The Wallows Industrial Estate Fens Pool Avenue Brierley Hill DY5 1QA

Approved by order of the board of trustees on 5 September 2025 and signed on its behalf by:

Mr R Ellis - Trustee

Page 6

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE BUDDHAPADIPA TEMPLE TRUST

Independent examiner's report to the trustees of The Buddhapadipa Temple Trust

I report to the charity trustees on my examination of the accounts of The Buddhapadipa Temple Trust (the Trust) for the year ended 31 December 2023.

Responsibilities and basis of report

As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').

I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.

Independent examiner's statement

Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Association of Chartered Certified Accountants, which is one of the listed bodies.

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  1. accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Matthew Scrivens FCCA The Association of Chartered Certified Accountants

MPS Accountancy Ltd Unit S The Wallows Industrial Estate Fens Pool Avenue Brierley Hill DY5 1QA

5 September 2025

Page 7

THE BUDDHAPADIPA TEMPLE TRUST

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023

Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
Investment income
3
Total
ADMIN COSTS ON
Raising funds
Raising donations and legacies
4
Other trading activities
Other
Total
NET INCOME
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD		 31.12.23
Unrestricted
fund
£
387,767
25,243
413,010
242,771
39,864
282,635
6,351
288,986
124,024
2,441,229
2,565,253		 31.12.22
Total
funds
£
151,267
4,802
156,069
103,919
34,480
138,399
8,027
146,426
9,643
2,431,586
2,441,229

The notes form part of these financial statements

Page 8

THE BUDDHAPADIPA TEMPLE TRUST

STATEMENT OF FINANCIAL POSITION 31 DECEMBER 2023

Notes
FIXED ASSETS
Tangible assets
8
CURRENT ASSETS
Debtors
9
Cash at bank and in hand
CREDITORS
Amounts falling due within one year
10
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT
LIABILITIES
NET ASSETS
FUNDS
11
Unrestricted funds
TOTAL FUNDS		 31.12.23
Unrestricted
fund
£
1,547
272,770
2,292,136
2,564,906
(1,200)
2,563,706
2,565,253
2,565,253
2,565,253
2,565,253		 31.12.22
Total
funds
£
6,298
545,506
1,893,129
2,438,635
(3,704)
2,434,931
2,441,229
2,441,229
2,441,229
2,441,229

The financial statements were approved by the Board of Trustees and authorised for issue on 5 September 2025 and were signed on its behalf by:

Mr R Ellis - Trustee

The notes form part of these financial statements

Page 9

THE BUDDHAPADIPA TEMPLE TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charity, 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 Charities Act 2011. 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property - 10% on cost Plant and machinery - 25% on cost Fixtures and fittings - 25% on cost Motor vehicles - 20% on cost Computer equipment - 25% on cost

Taxation

The charity is exempt from tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.

Page 10

continued...

THE BUDDHAPADIPA TEMPLE TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023

2. DONATIONS AND LEGACIES
31.12.23 31.12.22
£ £
Gift aid 4,596 4,243
Donations and legacies 289,862 142,308
Voluntary income from donation 989 2,949
Parking service income 10,153 -
Income from roof repairs - 1,767
Collection at services 76,976 -
Donated services and facilities 5,191 -
387,767 151,267
Grants received, included in the above, are as follows:
31.12.23 31.12.22
£ £
Other grants 10,153 -
3. INVESTMENT INCOME
31.12.23 31.12.22
£ £
Bank interest received 25,243 4,802
4. RAISING DONATIONS AND LEGACIES
31.12.23 31.12.22
£ £
Support costs 242,771 103,919
5. SUPPORT COSTS
Information
Management Finance technology
£ £ £
Raising donations and legacies 89,124 50,057 67,408
Human Governance
resources costs Totals
£ £ £
Raising donations and legacies 24,856 11,326 242,771

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continued...

THE BUDDHAPADIPA TEMPLE TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023

6. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 December 2023 nor for the year ended 31 December 2022.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 December 2023 nor for the year ended 31 December 2022.

7. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

INCOME AND ENDOWMENTS FROM
Donations and legacies
Investment income
Total
ADMIN COSTS ON
Raising funds
Raising donations and legacies
Other trading activities
Other
Total
NET INCOME
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD		 Unrestricted
fund
£
151,267
4,802
156,069
103,919
34,480
138,399
8,027
146,426
9,643
2,431,586
2,441,229

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continued...

THE BUDDHAPADIPA TEMPLE TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023

8. TANGIBLE FIXED ASSETS

TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£ £ £
COST
At 1 January 2023 59,613 9,669 7,031
Additions - - -
At 31 December 2023 59,613 9,669 7,031
DEPRECIATION
At 1 January 2023 53,652 9,669 7,031
Charge for year 5,961 - -
At 31 December 2023 59,613 9,669 7,031
NET BOOK VALUE
At 31 December 2023 - - -
At 31 December 2022 5,961 - -
Motor Computer
vehicles equipment Totals
£ £ £
COST
At 1 January 2023 - 26,354 102,667
Additions 1,600 - 1,600
At 31 December 2023 1,600 26,354 104,267
DEPRECIATION
At 1 January 2023 - 26,017 96,369
Charge for year 53 337 6,351
At 31 December 2023 53 26,354 102,720
NET BOOK VALUE
At 31 December 2023 1,547 - 1,547
At 31 December 2022 - 337 6,298

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continued...

THE BUDDHAPADIPA TEMPLE TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023

9.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Other debtors
Prepayments
10.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Other creditors
11.
MOVEMENT IN FUNDS
At 1.1.23
£
Unrestricted funds
General fund
2,441,229
TOTAL FUNDS
2,441,229
Net movement in funds, included in the above are as follows:
Incoming
resources
£
Unrestricted funds
General fund
413,010
TOTAL FUNDS
413,010
Comparatives for movement in funds
At 1.1.22
£
Unrestricted funds
General fund
2,431,586
TOTAL FUNDS
2,431,586

Page 14

continued...

THE BUDDHAPADIPA TEMPLE TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023

11. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
TOTAL FUNDS		 Incoming
Resources
Movement
resources
expended
in funds
£
£
£
156,069
(146,426)
9,643
156,069
(146,426)
9,643

A current year 12 months and prior year 12 months combined position is as follows:

Unrestricted funds
General fund
TOTAL FUNDS		 At 1.1.22
£
2,431,586
2,431,586		 Net
movement
in funds
£
133,667
133,667		 At
31.12.23
£
2,565,253
2,565,253

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
Movement
resources
expended
in funds
£
£
£
569,079
(435,412)
133,667
569,079
(435,412)
133,667

Page 15

continued...

THE BUDDHAPADIPA TEMPLE TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023

12. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 December 2023.

Page 16

THE BUDDHAPADIPA TEMPLE TRUST

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023

FOR THE YEAR ENDED 31 DECEMBER 2023
31.12.23 31.12.22
£ £
INCOME AND ENDOWMENTS
Donations and legacies
Gift aid 4,596 4,243
Donations and legacies 289,862 142,308
Voluntary income from donation 989 2,949
Parking service income 10,153 -
Income from roof repairs - 1,767
Collection at services 76,976 -
Donated services and facilities 5,191 -
387,767 151,267
Investment income
Bank interest received 25,243 4,802
Total incoming resources 413,010 156,069
ADMIN COSTS
Other trading activities
Direct charitable activities 34,157 33,251
Literature and Brochures 5,707 1,229
39,864 34,480
Other
Depreciation of tangible fixed assets 6,351 8,027
Support costs
Management
Rates and water 53,283 31,361
Telephone 1,871 1,119
Postage and stationery 6,139 10,695
Sundries 25,772 15,438
Computer costs 2,059 2,034
89,124 60,647
Finance
Casual Labour 40,775 9,100
Insurance 8,864 11,529
Bank charges 418 85
50,057 20,714

This page does not form part of the statutory financial statements

Page 17

THE BUDDHAPADIPA TEMPLE TRUST

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023

31.12.23 31.12.22
£ £
Finance
Information technology
Repairs and renewals 67,408 11,241
Human resources
Travelling 24,856 11,088
Governance costs
Accountancy and legal fees 11,326 229
Total resources expended 288,986 146,426
Net income 124,024 9,643

This page does not form part of the statutory financial statements

Page 18