CHARITY REGISTRATION NUMBER: 114B728
Wat Phra Singh UK
Unaudited Financial Statements
5 April 2024
AGP
Chartered Accountants
Sycamore House
Sutton Quays Business Park
Sutton Weaver
Runcorn
Cheshire
WA7 3EH

Wat Phra Singh UK
Financial Staternents
Year ended 5 April 2024
Page
Trustees, annual report
Independent examiner's report to the trustees
Statement of financial activities
13
14
Statement of financial position
15
Notes to the financial statements
16

Wat Phra Singh UK
Trustees, Annual Report
Year ended 5 April 2024
The Iruslees present their annual report and unaudited financial slalernenls for the year ended S April
2024 and Confirm they comply wth the Charf(ies Act 2011, the Trust Deed, and the Charities SORP
2005.
Wat Phra Singh UK was registered as a charity on 24 August 2012 and consequently this is txjr twelfth
year of reporting.
Reference and adminlstrative details
Registered charity name
Wal Phra Singh UK
Charlty r8glstration number
1148728
Pr5nclpal offl¢e and place of
worship
88 High Street
Run¢orn
Cheshire
WA7 1JH
The trustees
Phramaha Thirasak Duangsiri
Mr Anthony Collacoll
Mrs Kwanjil Collacott
Mrs Varaporn Vaughan
Mr Derek Skinner
Mr Stephen Irvine
Treasurer and Principle Admlnlstrator
Mr. Anthony Collacott
Temple secrgtary
Ms. Jenny Stubbs
Independent examiner
Rachel Palombella FCA
AGP Chartered Accountants
Sycamore House
Sullon Quays Business Park
Sullon Weaver
Runcorn
Cheshire
WA7 3EH
Bank
NaMesl
146 Widnes Road
dnes
Cheshire
WA7 6BB

Wat Phra Singh UK
Trustees, Annual Report (conlinuedl
Year ended 5 Aprll 2024
structure, governan¢e and management
Wal Phra Sin9h UK 15 constiluled as a ¢harilable trust regi51er&d wrth the Charities Cornrni5sion in
August 2012 under charity number 1148728 and governed by a Trust Deed.
There have been no ¢hanges lo the Trust Deed In thi5 reporting year.
Organlsatlonal structure
Under the hierarchical nature of Thai Buddhist temples Wal Phra Singh UK reports in Thailand lo our
parent temple. Wal Phra Singh In Chiang Mai. In the UKwe report lo Wat Buddhapadipa in Vwmbledon,
and we are an a¢b"ve member ofThe Council of Thai Buddhist Monks in the UK.
The charity itself is governed by the Iruslees and adminislgred by the Monks and Temple trustees. All
oles are entirely voluntary. No payments are made lo Monks, Trustees or volunteers, and no claims
have been made for any reimbursement of expenses.
Recruitment and appointhient of twstees
Recruilmenl of Truslees will be agreed in a meeting of the Monks and Trustees Re¢rLJilment to date
has always been from within our long-leim supporters, and this is likely lo continue. Likewise, any
resignations will be discussed and approved at the meetings.
To comply wlh Charities Commission rules we will Inlom the Charities Commission of any changes lo
the Board of Trustees Furthermore, lo comply with Natwest Bank requirements the Trust Deed will be
updated and a Deed ol Appointment and Resignation will be provided lo Natwesl.
Thore has been no change to our Trustees during this reporting year.
The Role of Temple Secretary
Ms. Jenny StLJbbs has continued her works lo support the temple throughout the year providing
invaluable services with hei adminislralion. communication and co-ordination skills.
UKVI Representatives
Mrs. Trff Mccready continues to carry out the role of UKVI Level l User assisting Tony Collacoll in his
roles as Aulhorising Officer and Level 1 User.
Inductlon and training of trustees
Wal Phra Singh UK recognises the legal and moral resp(4)sibililies undertaken by Trustees and has
provided each Trustee with a Copy of the Charities Commission Guidance for Trustees document
reference CC3.

Wat Phra Singh UK
Trustees. Annual Report (continued)
Year ended 5 April 2024
Risk management
Wal Phra Singh UK recognises that there are iisks associated with providing a charitable publlc seNce
and seeks to understand and mitigate thes& risks as far as possible. Our goal is lo have all risk areas
covered by a standard sel of policies, and have so far completed the followng..
Lone Worker Policy
CRB Policy
Child Protection and Safeguarding Policy
Adult Protection and Safeguarding Policy
Data Piotection Policy
Diversity and Equalities Policy
Environment81 Policy
Health and Safety Policy
UK Border Agency Compliance Pdicy
Driving Policy
Temple Committee Policy
User Group Letting Policy
Complaints Procedure
Fire Risk Assessment
Temple House Manual
Oblectives and activities
Our charitable objects as sel out in our Trust Deed are..
To promote Theravada Buddhism and Thai Culture into the multifaith and mulli-elhnic eommunilies of
the Northwest of England and beyond by establishing a permanent Temple where the Dhamma Gan be
studied and taught. and where meditab'on can be pracli¢ed. and to provide support lo Buddhist Monks
and Nuns in their studies and pastoral dulles.
Through this Temple we will establish our place in Ihewidercommunity and be active in mullifalth forums
as we seek lo improve diversity awareness whilst engaging with the mullicullural community.
Public b8n8flt
The Trustees have complied wlh the duty in Section 1715} of the 2011 Charities Act to have due regard
lo the guidance given by the Charity Commission on public benefit.
strategios
Our strategies for achieving our charitable objects are..
Establish and maintain a Buddhist Temple and Meditation Centre in the Northwest of England
Host up lo five resident monks
Engage wlh the local multi-faith 2nd Multi-ethn￿ groups through established routes such as
Hallon Borough Council, Voluntary Organisations and charities with sifflilar goals and objeclives
Establish links with the wider multicultural community

Wat Phra Singh UK
Trustees, Annual Report (continuedl
Year ended 5 Aprll 2024
The Abbot and Monks
Vval Phra Singh UK has been granted a UK Border Agency SMS Licence allowing the charity to supporl
visa applications under Tier 2 Ministers of Religion and Tier 5 Religious Work&rs. As declared lo the
UKBA Inow known as UKVII al the time of our SMS Licence application it is the temple'5 Intention lo
host five resident monks, and in line with UKVI requirements we maintain robust records of monks,
travel.
We continue lo have concems about UKM policies relating to the following p(inls'.
The English language critèria for Tier 2 Ministers of Religion rèmains al B2 which is extremely
difficult for Thai Monks.
The 12 month cooling off period for Tier 5 Religious Workers meaning Ihal a monk leaving the
UK al the end of a two year Tier 5 visa cannot relum for 12 months.
We have previously raised our concerns in writing with the Home Secretary and the Minister for
Immigolion but the replies received gave no indication of any planned changes lo UK government
immigration policy.
We continue lo provide professional English language luilion for all our monks, and indebted to OLJr
supporters who continue lo fund this.
In this reporting year the following monks arrived I departed..
17 May 2023".
Phra Hannarong
Phra Thawalchai
(Than Gail
(Than Arnl
arrived on a Tier 2 vis8
arrived on a Ti&r 5 visa
14 Nov 2023..
Phra Nunlanal
Phra Ammarin
Phra W511
(Than Janel
(Than Amml
(Than Got)
departed al the end of his Tier 5 visa
departed al the end ot his Tier 5 visa
departed al the end of his Tier 5 visa
17 Dec 2023..
Phrakru Thirasak
Phra Bodinaek
Phra Aphirat
(Than Tl
IThan Ben)
IThan Ooml
arrived on a Tier 5 visa
arrived on a Tier 5 visa
arrived on a Tier 5 visa
To date Than Gai is the only monk who has passed his English B2 exam.
Key events in our reportlng year
We held numerous events IhrDughDUt the year In line with the Buddhist monastic calendar including
Magha Pula. Asalha Pula, Vesakha Pula, Phansa or Buddhist Lent and Kalhina. We also celebrated
Songkran (Thai and Lao New Yearl. The Temple's Anniversary, and Loy Kralhong. This year's Kathina
c&remony was led by Kiang and Martin, and we offer our sincere thanks for their support on this
auspicious cLcasion.

Wat Phra Singh UK
Trustees. Annual Report (contsnu
Year ended 5 Aprll 2024
Temple property
The charity relalns ownership of the temple property al 88 High Street, Runcorn. Cheshire. This LRrge
freehold building is perfect lor our requirements and we make full use of the extensive facilities. The
charity owns the freehold outright.
Property maintenance I rgpalrs
The temple property is almost 200 years old and is kept good condition through a rigorous programme
ol inspection and planned or reactive maintenance. A monthly Routine Maintenance Schedule has been
adopted and a hard copy is posted on the temple noliceboard. This is our eleventh year of
iefuibishmen15 and repairs. Significant expenditures undertaken during this reporting period are..
Cost Heading
Replacement of 22 No windows (Grant funded)
Replacement of 10 No windows (Self funded)
Replacement of 4 No external doors (Grant fLJndedl
Car park upgrade and drains IPart Grant funded)
Approx Cost
£14,679
£5.286
£8,500
£56,389.
"£2,000 retention held pending Building Control approval
The bulk of the redecorating, refurbishment and repair works at the temple are carried out by volunteers
and we therefore onty pay for materials and essential subconlracls.
Temple Utilities
Our four-year fixed energy contract came lo an end in December 2023 and we therefore faced significant
increases in gas and electricity costs. We have taken many actions lo reduce our energy ctsnsumplion
in the last twelve months, bul we are sbll forecasting an increase in gas and electricity costs of around
800A. On 29 Jan 24 we had a Smart Meter fitted lo the electricity supply lo enable more accurate
readings. Unfortunately. there have been many issues with this, and we made a Fomial Complaint lo
our energy supplier, TG&P. This remains unresolved al lime of writing_

Wat Phra Singh UK
Trustees. Annual Report fcontlnue
Year ended 5 April 2024
New Temple hall project
Vlfilh the ever-increasing construction costs lor the new hall the Trustees look the decision lo split the
project into two Phases, and approved the go ahead for Phase 1. This phase includes the exlttnsion
lo the temple car park and the re-routing ol the main drains beneath the car park. This has a number
of advantages, by making a significant start il se¢ures planning consent. and Il addresses some of the
unknowns below ground thereby making il easier lo finalise scope and costs for Phase 2 which will be
the new hall conslruclion.
Quotes for Phase 1 were sought and we selected Dunkil Developments. They commenced works on 20
June 23 and Phase 1 was completed on 25 Ocl 23. Dunkil Developmen15 are still requ1red to gain HBC
Building Control consenl for the drainage modifications, so we have applied a relenlion of £2,000 to
their final costs. This will be paid lo Dunkil On￿ they gain 5ign-off from HBC Building Control.
The Trustees agreed lo concentrate on the Peace Garden pmject which needs completing ahead of a
planned ¢e￿monY on 23 June 24. Once this is complete we will then review the costs for the new hall
conslruclion.
Halton Borough Council have awarded us £80.000 as a Town Improvemenl Granl made available
through the Northern Powerhouse funding scheme. We agreed with HBC that the completed Phase 1
works represented 10Q/o of th¢ new hall project, and we therefore applied for and rec￿Ved £8,000 of the
grant.
We would like to record here our thank5 to Halt(x) Borough Council for their valuable support.
Our main costs a5stscialed wlh the new hall project during this year a￿_.
1. Slruclural and Civil design changes
2. Ar¢hile¢l's lees - stage payment
3. Archaeological Watching Brièf
4. Dunkil Developments Phase 1 works
5. Confined Spac& Entry subconlraclor
£2,400
£7,200
£810
£54,389
£810
The ownership of the 3 Metre strip of land running the length of the temple Gar park lo the North of the
low brick wall remain5 unresoA ved. Our application lo Land Registry was not accepted as the evidence
provided by our solicitor was not continuDUS. We believe that the risk is negligible and that we could
apply for ownership from 2025.
1115 recognised that this project is an extremely ambitious undertaking, and the Trustees wll exercise
prudence throughout. As this financial year comes lo an end we are conscious of the ¢hallenges
everyone is facing, not least financial hardships through the current cost ol living cnsis. We will continue
lo cost engineer the project as much as possible, and seek ¢ompetitive quotations. However, we will
not commence the main body of the works until rt is prudent lo do so bearing in mind financial conditions.
We will also ¢ontinue to assess other Sources ol funding, in particular grants towards Capital projects.

Wat Phra Singh UK
Trustees, Annual Report(contsnued)
Year ended 5 April 2024
Peace Garden
With the rew seven year. renewable lease signed on 5 Dec 22 we began lo seek competillve lenders
for the construction ofthe Peace Gard&n, and chose Dunkil Developments whowere known to us having
completed the new hall Phase 1 works. They commenced construction on 6 Feb 24, and the works
are continuing.
The central feature of the Peace Garden 15 a 6M tall Chedi. or Stupa, that has been designed by the
monks al our parent temple, Vval Phra Singh, Chiang Mai, Thailand. One of the supp¢yters there has
offered lo fund the Casting of the Chedi. and we understand that the value of this is around B2.SM
1-£55kl. We would like lo record here our sin¢ere gratitude for his incredible generosity.
We have been allocated a grant towards the Peace Garden of £19.000 from Hallon Borough Council's
Town Improvement Plan that is funded by the Northern Powerhouse initiative, and a further £32,000
from the Veolia Environmental Trust funding programme Ipart of this £32k was received in the reporting
yearl. The outstanding grant funding wll be claimed on completion of the Pe8ce Garden woiks
{forecasl late May 241
The Peace Garden will be a publicly accessible place for rest and quite reflection, and is our gift lo the
people ol Runeorn who have been so welcoming.
Use of volunteers
The temple is fortunate lo have a large number of volunteers wlh a wide range of skills and ablities
who are happy to help wlh temple works and event management. 11 is most encouraging that
volunteers come not only from within the BLJddhisl community but from local residents. other faiths and
also from community groups. The Trustees would like ID pass on our humble thanks to all volunteers for
their valuable assistance.
Communications and the use of social medla
The Trustees of Wal Phra Singh UK recognise the importance of communicating our activities to awider
audience. We have engaged widely with so¢ial media by publishing a website and Facebook presewe,
both in Thai and in English. Facebook particularly is proving lo be an invaluable tool for cOmmun￿aling
our events and reporting all aelivilies, and we nDW have many thousands of followers worldwde. Our
temple and the main a¢livilies have b&en widely reported on radio, TV and in the press, both regionally
in the UK and in Thailand.
We areworking closely with Vi-vid, a Manchester based marketing agency appointed by Hallon Borough
Council lo promote the changes happening in Runcorn. In February we hosted a visit lo the temple by
Susan Nickson, the script writer of a TV programme that lealured the Waterloo Hotel before we
converted il into a Buddhist Ternple. Susan was most complimentary of the changes that we had made,
and the air of calmness and serenity inside the temple. Her visit was widely reported in the regi(￿al
press.
Religious activities
Wlh monks in residence we are normally able lo meet the religious needs of the community by offering
daily ¢hanting and meditation practice5 al the temple, and by visiting the homes and businesses of our
supporters Each day our supporters generou51y offer lunch lo the monks before noon and partake in
the food offering ceremony. Following lunch the monks offer Dhamma talks. All religious activities are
cpen lo everyone regardless of faiths gr beliefs.

Wat Phra Singh UK
Trustees. Annual Report (¢Onlinued)
Year ended 5 April 2024
Retreats
We offer regular weekend meditation retreats al the temple where participants can live a simple life of
meditation and relle¢lion. These relreats are free and open lo everyone. The events are posted on our
Facebook page. or can be arranged with our monks.
Chantlng and Meditation practice
Meditation practice is a fundamental part of Buddhism and we are pleased to offer facilities for this.
The temple piovidtts a large open plan function room that is sel aside for meditation and quiet reflection
where we offer free meditalion classes that are open lo all We offer Guided Meditation Classes every
Saturday from 14.00 to 15'.00 and these are attended by those new to meditation and those mor¢
experienced practitioners.
As part of the monks, daily rituals they perfomi Ihar own chanting and meditation twice daily from C6'.00
10 07.'30 and again from 18'.00 to 19'.30. These sessions are open lo everyone. eilhei lo participate or
lo just simply observe, and we are delighted lo see so many local residents allend regulady.
Other user groups
The temple is pleased lo be able to offer our facilities to other like-minded groups, and has developed
policy lo manage this. In Ihe Buddhist spirit of Dana, or generosily, we make no charge for th& use
of OLJr facilities.
Counselling and bereavement support
As a religious organisalion we re¢ognise that our monks will be called upon by the community lo offer
counselling in diffi'¢ull times. Wat Phra Singh UK undertakes this SUPPDrt with sympathy and respect,
and is happy lo work with professional service providers whenever appropriate. INe have engaged wilh
NHS mental health professionals and with Hallon Borough Council to explore how w& can help the
cornmunty furtt)er. Our monks have been invited lo Gounsel individuals and groups.
Interfalth dlalogue
Enhanang interfaith dialogue is one of the main objectives of Wat Phra Singh UK, and we are pleased
to be able to provide a facility within the new temple where interfaith groups are able lo meel. We are
working closely wlh Hallon Borough Council Faith and Diversity officers to ensure Ihat we integrate fully
with the wider commLJnity, and now that we are fully established in Runcorn we continue lo seek lo
e51abli5h links with all other locally represented faiths and beliets as we look to participate in inlerfailh
dialogue.
Supporting other temples
Vval Phra Singh UK was the e￿Venth Thai Buddhlsl temple lo establish in the UK, and we are delighted
lo be able lo share our experience of founding a new temple lo help others. Throughout the year we
have advised and worked closely with Mor￿$ and lay supporters ol other temples as they work towards
their establishment.

Wat Phra Singh UK
Trustees, Annual Report (contsnued)
Year ended 5 April 2024
Community engagement
Following the establishment of the temple in Runcorn in January 2013 we have recelved treMe￿ou$
support, not only from within Buddhist groups bul also from within the local community. We have
developed strong links with Hallon Borough Council and have allended many of their voluntary sector
events As we become more established we are receiving interest from many diverse local individuals
and groups including ieligious and secular organisalions, health and wellbeing inilialive5 and individuals
who are both familiar with Buddhism or who are new lo the faith and may wish lo explore further. We
welcome all wilhoul exclusion.
Our temple is open lo welcome groups with an interest in Buddhism or who are simply curious lo know
more about what we do in the community.
Our temple is registered wth Halton Borough Council as a Survivor Reception Cenlie as part of the
Council's Emergency Resilience Planning Operations. This facility wll be further enhanced once the
new temple hall is completed.
The temple is located al the heart of Halton Borough Council's regeneration plans, and work conh.nues
on the Slalion Quarter ProjeGt. These ambilious plans are transforming the area around the temple, and
wll be the cataly51 to allow work lo start on the plans to reopen the Runcorn Locks Resloralion Project
which wi15 see the reconnection ol the Bridgewater Canal with The Manchester Ship Canal.
Runcom Town Deal Board
The Runcorn Town Deal Board was sel up by Halton Borough Council lo administer the distribution of
the £23.6M funding made available through the governments Levelling Up Fund Northern Powerhouse
initiative. Wat Phra Singh UK is a beneficiary of this funding having been granted £80,000 towards the
new hall project, and £19,000 towards the Peace Garden.
In May 23 we were contacted by the Chair of the Board asking il we would consider sitting on the Board,
and we were delighted lo accept this honour. Tony Collacoll now represents the temple al the Board
meetings which are responsible for monitoring the agreed Town Deal projects. and for ensuring full
compliance with government guidelines. The Board is made ijp of Council officers. MP'S, Business
Leaders, Charity Trustees elc. and meets bi-monthly.
Memberships
Wal Phra Singh UK continues lo be a member of the follovAng'.
The Council of Thai Buddhist Monks In the UK
Network of Buddhi51 Organisations
Hallon and Sl Helens Voluntary and Community Organisalion
Halton and Sl Helens Faith Forum

Wat Phra Singh UK
Trustees. Annual Report (continued)
Year ended S April 2024
Financial review
In the year ended 05 April 2024 the charity's incoming resource5 exceeded ils outgoing resources by
£8,376 leaving the reserves in surplus by £395,31K all of which are unreslricled funds.
Principal funding sources
In the Buddhist spirit tsf generosity our charity is supported solely by voluntary charitable donations.
We encourage donors lo use Dur envelope system that records whether or not a donation qualifies for
Gift Aid. We use an online database called Fund Filer lo record each Individual donation and use this
for our twice-yearly Gift Aid application. We regularly ask our supporters lo review their lax status and
lo advise us of any changes lo ensure that we remain fully compliant with HMRC Gift Aid rules.
We hav9 provided the f￿lIlty for our supporters lo donate by Standing Order should they ehoose to,
and have designed and printed Gift envelopes which are GDPR compllanl.
Our websiltt includes a facility for donations lo be made.
Glft Ald
Wat Phra Singh UK is very appreciative of the continuing Gift Aid scheme by the UK government. To
ensure our compliance with the rules and regulation5 covering this we use an ortrline database servi
provided by Fund Filer. This allows us lo record all donations, whether rnade under Gift Aid or nol.
We submit two Gift Ad applications per year, and thi5 year our applications were approved without
question by HMRC. Wlh our history of fully compliant Gift Aid applications we are able lo claim under
the new Gift Aid Small Donations Scheme {GASDSI. The Gift Ak1 sums rec&ved in this financial year
were..
1 6Sept23
2. 13 March 24
£ 7,695.38
£ 7.381.21
These sums are paid directly into the ch8rlty bank account by HMRC.
Financial control and reporting
Wat Phra Singh UK remains commitled to a policy of robust financial wnlrol and fully transparent
reporting. We currently have over 2,600 registered supporters, and all donations are recorded in Fund
Filer which calculates Gift l￿d. Each fflonlh we carry out a trial balance using the bank statement and
enler all transactions into a Financial Summary statement showing opening and ¢losing bank balance5
together wth all donations and ¥Mlhdrawals. This 15 placed on the temple noticeboard and copies
posted in our website and on Facebook. Many of our supporters ¢omment Ihat they really appreciate
this open, transparent approach lo declaring our finances.
We engag& the services ofAGP Ltd, Chartered Accountsnls, lo carry out our Independent Examination
of accounts as required by the Charities Commission.
10

Wat Phra Singh UK
Trustees, Annual Report f¢ontsnuedJ
Year ended S April 2024
Financial strategy and review
All revenue and expenditure is recorded in a spreadsheet that has been approved for use by our
Accountants. The spreadsheet, together with all other electronic data. a￿ backed-up remotely.
The Trustees will manage finances in a piudent manner. To this end r( has been agreed th81 there are
to be three key reserve figures for the bank balance".
Minimum of£50k- Trustees and Committee members take actions lo reduce costs and in￿aSe
revenue.
Minimum of £25k- Tiuslee5 and Committee members stop all non-essential spend
Minimum of £20k- Trustees consider other funding sources
These figures are the same a5 previous years and represent a prudent approach given the challenges
brought about by the current financial climate.
The Trustees consider these reserve levels to be prudent and commensurate wlh our charitable
objectives. The reserves are held lo ensure that we have adequate resour¢es lo respond lo unexpected
expenses. We will review these figures again once we undertake the construction of the new temple
Investment pollcy and oblectlves
Any investment made by the Trustees on behalf of the eharty will be made solely for the benefit of the
charity. The investment approach will be prudent and secu￿. The charity is financially risk averse.
Reporting of Serlous Incldents
The Trustees are pleased lo report that there were no serious incidents in this reporting year.
Trustees. statement of thanks and appreciation
The Monks and Trustees of Wat Phra Singh UK recogni5e the significant contribution ol so many
individuals and organisalions who have helped us throughout the year. In particular we Would like to
pass on our sincere appiecialion lo the following..
The Venerable Phra Rajsinghaworamuknee Sopon Sopano ol Wal Phra Singh Chiang Mai for
having faith and confidence in the trustees, and for his Conb'nuing support and guidance.
Alahn Laow Panyasiri of Wat Buddhapadipa. Wimbledon in hi5 role as Chair of the Council of
Thai Buddhist Monks in tre UK for his support and advice.
Ajahn Chan of Wal Sanliwongsaram, Birmingham lor his invaluable support and advice.
Ms. Prili Patel of Ash Norton Solicitors for her invaluable immigration advice and assistance.
Hallon Borough Council for their support for the temple and for helping us to integrate wlh the
community.
Sally Janes for her help in teaching English language skills lo our monks.
The Temple Volunteers who give their time and skills free￿.
The many generous supporters who help us a¢hiwe our charitable objects.
To the people of Runcorn who have made us feel so welcome
To you all
thank you
11

Wat Phra Singh UK
Trustees, Annual Report (continued)
Year ended 5 April 2024
Futu￿ plans
The main objeGtives for the next twelve months are..
Complete the Peace Garden. and lo hokl the Si Ra Reuk ceremony on 23 June 24. This will
be led by Luang por Sopano, head Abbot of our parent temple, INal Phra Singh, Chiang Mai,
Thailand.
Reassess the viability of the new hall project, and seek grant fvnding where possible.
Continue to concentrate on leaching English to the monks. and hope lo have further success
with monks silting their English B2 exams.
The trustees, annual report was approved on 18 November 2024 and signed on behalf of the board of
Iruslees by..
Mr Anthony
Trustee
oll
12

Wat Phra Singh UK
Independent Examiner's Report to the Trustees of Wat Phra Singh UK
Year ended 5 Aprll 2024
I reportto the Iruslees on my examination of the financial statements of Wat Phra Singh UK I'lhe charity'l
for the year ended 5 April 2024_
Responsibilities and basis of report
As the Iruslees of the charity you aro responsible for the preparation of the financial statements in
accordance with the requirements of the Charities Act 20111'lhe Act'l.
I report in respect of my examination of the charity's financial slalemenls carried out under section 145
of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given
by the Charity Commission under section 14515llbl ofthe Act.
Independent examiner's ststement
I have completed my examination. I confirm that no malerial matters have come to my attention in
connection with the examinalk)n giving me cause to believe that in any material respect..
accounb'ng records were not kept in respect of the charity as required by sèction 130 01 the
Act". or
the financial slalemenls do not accord with those records., or
the financial statements do not comply with the applicable requirements concerning the form
and content of accounts sel out in the Charities (Accounts and Reports) Regulations 2008
other than any requirement that the accounts give a 'lrue 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 conneetion with the examination to which
allenlion should be drawn in this report In order lo enable a proper understanding of the acwunls lo be
reached.
Rachel Palombella FCA
Independent Examiner
AGP Chartered Accountants
Sycamore House
Sutton Quays Business Park
Sutton Weaver
Runcom
Cheshire
WA7 3EH
18 November 2024
13

Wat Phra Singh UK
Statement of Financial Activities
Year ended 5 April 2024
2024
Reslricled
funds Total funds Total funds
2023
Unrestricted
funds
Note
Income and endowment5
Donations and legacies
Total Income
73,623
50,248
123,871
93,193
73,623
50,248
123,871
93,193
Expenditure
Expenditure on Gharitable activities
Total expenditure
115,495
115,495
115,495
84.841
115,495
84.841
Net Income
{41,8721
50.248
8,376
8,352
Transfers b91ween funds
50.248
150,2481
Net movement in funds
8,376
8.376
8,352
Reconciliation of funds
Total fund5 broughl forward
Total funds carried forward
386,930
386.930
378,578
395,306
395,306
38S.930
The sialemenl of financial aclivities includes all gains and losses recognised in the year.
All in¢c)me and expenditure derive from continuing aclivilies.
ThÈ notes on page5 16 to 22 form part of these financial stalements.
14

Wat Phra Singh UK
Statement of Financial Position
5 April 2024
2024
2023
Note
Fixed assets
Tangible fixed assets
11
289,508
221,896
cUr￿￿t assets
Debtors
Cash al bank and in hand
12
483
177,474
621
236,332
177,957
236,953
Creditors: amounts falllng due within one year
Net current assets
13
72,159
71,919
105.798
165,034
Total assets less current Ilabllltles
395.306
386,930
Net assets
395,306
386,930
Funds of the charity
un￿strICted fvnds
395,306
386,930
Total charity funds
14
395,306
386,930
These financial statements were approved by the board ol trustees and aulhorised for issue on 18
November 2024 and are signed on behalf of the board by".
Mr Anthony
Trustee
The notes on pages 16 to 22 form part of these financial statements.
15

Wat Phra Singh UK
Notes to the Financial Statements
Year ended 5 April 2024
General infomiation
The charity is a public benefit entity and a regislered charity in England and Wale5 and is
unincorporated. The address of the principal office is 88 High Street, Runcorn. Cheshire, WA7
IJH
statement of compllance
These financial statements have been prepa￿d in compliance with FRS 102. 'The Financial
Reporting Standard applicable in the UK and Ihe Republic ol Ireland,. the Statement of
Recommended Practice applicable lo charities preparing their accounts in accordance with the
Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (Charities
SORP IFRS 10211 and the Charities Act 2011.
Accounting policies
Basls of preparation
The fsnancial stalem&nls havg been prepared on the historical CDSI basis, as modrfied by the
revaluation of certain financial assets and liabilities and investment properties measured at fair
Value through income or expenditure.
The financial statements are prepared in sterling. which Is the functional currency of the entity.
Going concern
There are no material uncertaints"e5 about the charity's ability lo continue.
Dls¢losure exemptions
No cash flow stslemenl has been presented for the charily in the basis Ihal il qualifies as a small
charity.
Judgements and key sources of estimatlon uncertainty
The preparation of the financial slalemenls requires management lo make judgements, eslimales
and assumptions that affect the amounts reported These estimate5 and judgèments are
continually reviewed and are based on experience and other factors, including expectations of
future events that are believed lo be reasonable under the circumstances.
Fund accounting
Unrestricted funds are available for use al the discretion of the Iruslees to further any of the
charity's purposes.
Designated funds are unreslricled funds earmartfed by the trustees for particular future project or
commitment.
Restricted funds are subjected to restrictions on their expenditure declared by the donor or through
the terms of an appeal. and fall into one of two sub-classes.. restricled income lund5 or endowment
funds.
q6

Wat Phra Singh UK
Notes to the Financial Statements (¢ontknued)
Year ended 5 Aprll 2024
Accounting policies (eonllnue
Incomlng resources
All incoming resources are included in the slalement of financial activities when entitlement has
passed to the charity., it is probable that the economic benefits associated wlh the lransacb.on will
flow lo the charity and the amount can be reliably measured. The following specific policies are
applied lo particular calegori8s of income..
income from donations or grants is recognised when there is evidence of enlillemonl lo the
gift. receipt is probable and ils amount can be measured reliably.
legacy income is recognised when receipt 15 probable and entitlement is established.
i￿ome from donated goods is measured at the fair value of the goods unless this is
Impractical lo mèasure reliably. in which case the value is derived from the Cost lo the donor
or the eslimaled resale value. Donated facilities and services are recognised in the a¢¢ounls
when received if the value can be reliably measured. No amounts are included for the
contribution of general volunleers.
income from Contracts for the supply of services 15 recognised with the delivery ol the
contracted service. This is classified as unrestricted funds unless there is a conlraclLJal
requirement for il to be spent on a part(cular purpose and returned if unspent, in which case
it may be regarded as reslri¢led.
Resources expènded
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any
VAT which cannot be fully recovered, and is classified under headings of the statement of financial
activities lo which il relate5'.
expenditure on raising funds includes the costs of all fundraising activities, events, non-
char((able trading activities, and the sale of donated goods.
expenditure on charitable activities includes all costs incurred by a charity in undertaking
aclivilie5 tral further ils charitable aims for the benefit of ils beneficiaries, including Ih05e
support costs and costs relating to the govemance of the charity apportioned lo chaiilable
activities.
other expenditure includes all expenditure that is neither related lo raising funds for the charity
nor part of its expenditure on charitsble aclivilies.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs
attributable to a single activity are allocated directly lo that activity. Shared eosls are apportioned
between the aclivitses they Contribute to on a reasonable, justifiable and consistent basis.
Tangible assets
Tangible assets are inilialty recorded al cost. and subsequently slated aleost less any accumulated
depreciation and impairment losses. Any tangible assets carried al revalued amounts are recorded
al the fair value al the dale of revaluation less any subsequent accumulated depreciation and
subsequent accumulated impairment losses.
17

Wat Phra Singh UK
Notes to the Financial Statements (contlnLre
Year ended 5 April 2024
Accounting policies (eontlnts•d)
Tangible ass¢ts (conbnu•dJ
An increase in the carrying amount of an assel as a result of a revaluation, is recognised in other
re¢ognised gains and losses, unless il reverses a charge for impairment that has previously been
recognised as expenditure within the statement of financial a¢h"v11i&s. A decrease in the carrying
amount of an asset as a result of revalLJalion, is recognised in other recognised gains and1055es,
except lo which il offsets any previous revaluation gain, in which case the loss is shown within
other recognised gains and losses on the slalemenl ol financial activities.
Depreciation
Depreaalion is calculated so as lo write off the cost or valuabon of an asset, less its residual value,
over the useful economic life of that asset as follows..
Freehold property
Fixtures and fitting5
Equipment
20/0 straight line
20Q￿ reducing balance
20Q/o reducing balance
Impairment of fixed assets
A review lor indicators ol impairment is ¢arried out at each reporting dale, with the recoverable
amount being eslimaled where such indicators exist. Vvhere the Carrying value exceeds the
recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for
possible reversal al each reporting dale.
For the purposes of impairment testing, when il is not possible lo estimate the recoverable amount
of an individual asset. an e51imale is made ol the recoverable amount ol the cash-generating unit
lo which the a55el belongs. The cash-generating unil is the smallest identifiable group of assets
that includes the asset and generates cash inflows that largely independent of the cash inflows
from other assets or groups of a55ets.
For impairment lesling of goodwill, the goodwill acquired in a business combinabon is. from the
acquisition date, allocated lo each of the cash-generaling units that are expected to benefit from
the synergies of the combination, irrespective ol whether other assets or Iiabililies of the charity
are assigned lo those units.
Financial instruments
The charity only has financial assets and financial liabilities of 8 kind that qualify as basic financial
instruments.
Basic financial instruments are initially recognised at transaction value and
subsequently measured al their settlement value with the excepiion of banks loans which are
subsequently measured al amortised ¢osl using the effective interest method.
Donatlons and legacies
Unrestricted
Funds
Restricted Total Funds
Funds
2024
Donations
Oonalions
Gift Aid
58,546
15,077
58,546
15,077
18

Wat Phra Singh UK
Notes to the Financial StatementS(¢onlinu
Year ended 5 April 2024
Donations and legacies {contsnuedJ
Unreslri¢led
Funds
Restricted Total Funds
Funds
2024
Grants
Grants receivable
50,248
50,248
73,623
50.248
123,871
Unreslricled
Funds
Restricted Total Funds
Funds
2023
Donations
Donations
Gift Aid
73,364
19,829
73,364
19,829
Grants
Grants receivable
93,193
93.193
Expenditure on charitsble activities by fund type
Unreslricled Total Funds Unrestricted Total Funds
Funds
2024
Funds
2023
Operation gf place of worshlp
Support costs
114,594
901
114,594
9Q1
83,912
929
83,912
929
115.495
115,495
84.841
84.841
Expendlture on charitable actlvltles by activity type
Activities
undertaken
directly
Support Total funds
costs
2024
Total fund
2023
Operation of place of worship
Governance costs
114,594
114.594
901
83,912
929
901
114,594
901
115,495
84,841
Net income
Net income is staled after chargingllcredilingl..
2024
2023
Depreciation of tangible fixed assets
7,345
7,350
19

Wat Phra Singh UK
Notes to the Financial Statements {conlinued)
Year ended 5 April 2024
Indeperbdent examination fees
2024
2023
Fees payable to the independent examiner for..
Independent examin81ion of the financial statements
901
929
Stsff costs
No salaries or wages have been paid lo ernployees during the year.
10. Trustee remuneration and expenses
No remuneralion or other benefits from employment wlh the ¢harily or a related entity were
received by the trustees.
No tru51ee expenses have been incurred.
11. Tangible fSx8d assets
Freehold New temple Fixtures and
property
fittings Equipment
Total
Cost
Al 6 April 2023
Additions
203.568
41,033
74,957
47.226
5,096
296.923
74.957
At S Aprll 2024
Deprgciation
At 6 April 2023
Charge for the year
At 5 April 2024
Carrying amount
At 5 April 2024
Al 5 April 2023
203.568
115.990
47.226
5,096
371.880
39,078
4,071
32,550
2,934
3.399
340
75,027
7,345
82,372
43,149
35,484
3,739
160,419
115.990
11,742
1,357
1,697
289,508
221,896
164,490
41,033
14,676
12. Debtors
2024
2023
Prepayments and accrued income
483
621
20

Wat Phra Singh UK
Notes to the Financial Statements f¢onihued)
Year ended 5 April 2024
13. Creditors: amounts falling due within one year
2024
2023
Accruals and deferred income
Other credilors
1,999
70,160
1,758
70.161
72,159
71.919
14. Analysis of charitable funds
un￿strICted funds
Al
6 April 2023
At
Transfers S April 2024
Income Expenditure
General funds
386,930
73,623
1115,495)
50,248
395,306
At
6 April 2022
Al
Transfers 5 April 2023
Income Expenditure
General fijnds
378,578
93,193
184,8411
386.930
Restricted funds
Al
6 April 2023
At
Transfers 5 April 2024
Income Expendrfcure
Restricted Fund
50,248
150,2481
Al
6 April 2022
Income Expenditure
Transfèrs 5 April 2023
Restricted Fund
Transfers
The transfers have arisen due to fixed assets bein9 purchased from restricted income and so the
funds have been transferred lo unrestricted as the fixed 85sels are held for general use and not a
restricted purpose.
21

Wat Phra Singh UK
Notes to the Flnancial Statements (CDntlnue
Year ended 5 April 2024
15. Analysis of net a55ets betweèn funds
Unrestricted Totsl Funds
Funds
2024
Tangible fixed assets
Current assets
Creditors less than l year
Nèt assets
289.508
177.957
172,1591
289,508
177,957
(12,1591
395,306
395,308
Unrestricted Total Funds
Funds
2023
Tangible fixed assets
Current assets
Creditors less than 1 year
Nèt assets
221,896
236,953
171,9191
386,930
221,896
236.953
171,9191
386,930
16. Related parties
Any connection be￿een a trustee of the charity musl be disclosed lo the full board of trustees.
No transactions with related parties were undertaken such as are required Ic> be disclosed.
22