CHARITY REGISTRATION NUMBER: 1148728 Wat Phra Singh UK Unaudited Financial Statements 5 April 2025 AGP Chartered Accountants Sycamore House Sutton Quays Business Park Sutton Weaver Runcorn Cheshire WA7 3EH
Wat Phra Singh UK Financial Statements Year ended 5 Aprll 2025 Page Trustees, annual report Independent examiner's report to the trustees 12 Statement of financial activities 13 Statement of financial position 14 Notes to the financial statements 15
Wat Phra Singh UK Trustees, Annual Report Year ended 5 April 2025 The trustees present their annual report and financial statements for the year ended 5 April 2025 and confirm they comply with the ChaTlties Act 2011. the Tru$t Deed, and the Charities SORP 2005. Wat Phra Singh UK was registered as a charity on 24 August 2012 and consequently this is our thirteenth year of reporting. Reference and administratlve detalls Reglstered charity name Wal Phra Singh UK Charlty reglstration number 1148728 Prin¢ipal office and place of Worship 88 High Street Runcorn Cheshire WA7 1JH The trustee8 Phramaha Thirasak Duangsiri Mr Anthony Collacolt Mrs Kwanjil Collacott Mrs Varaporn Vaughan Mr Derek Skinner Mr Stephen Irvine IResigned 28 September 2024) (Resigned 28 September 2024) Changeg of Trustges in this reporting year: Mrs. Varaporn Vaughan resigned on 28 Sept 24 due to other commitments Mr. Stephen Irvine resigned on 28 Sept 24 due to other commitments Wat Phra Singh UK would like lo offer our sincere thanks lo both Varaporn and Stephen fortheir positive contributions over the years. Treasurer and Prlnciple Administrator Mr. Anthony Collacott Temple secretary Ms. Jenny Stubbs Independent Bxaminer Rachel Palombella FCA AGP Chartered Accountant Sycamore House Sullon Quays Business Park Sullon Weaver Runcorn Cheshire WA7 3EH Bank Natwesl 146 Widnes Road Widnes Cheshire WA7 6BB
Wat Phra Singh UK Trustees. Annual Report (wntinuedj Year ended 5 April 2025 Structure. governance and management Wal Phra Sin9h UK is conslituled as a charitable trust registered with the Charities CommissiorL in August 2012 under charity number 1148728 and governed by a Trust Deed. The Trust Deed was updated lo reflect the change in Trustees. Organisational Structure Under the hierarchical nature ol 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 Wmbledon, and we are an active member of The Council of Thai Buddhist Monks in the UK. The charity itself is govemed by the trustees and administered by the Monks and Temple trustees. All roles are entirely voluntary. No payments are made lo Monks, Trustees or volunteers, and no claims have been made for any reirnbursemenl of expenses. Recruitment and appointment of trustees Recruitment of Trustees will be agrèed in a meeting of Ihe Monks and Trustees. Recruitment to dale has always been from within our long-lerm supporters, and this is likely to continue. Likewise, any resignations will be discussed and approved al the meetings. To comply with Charities Commission rules we will inform the Charities Commission of any changes to the Board of Trustees Furthermore, lo comply with Natrwesl Bank requirements the Trust Deed will be updated and a Deed of Appointment and Resignation will be provided lo NatwesL The Role of Templo Secretary Ms. Jenny Stubbs has continued her works lo support the temple throughout the year providing invaluable services wlh her adminislralion, communication and co-ordination skills. UKVI Representatives Mrs. Tiff Mccready continues lo carry out the role of UKVI Level 1 User assisting Tony Collacott in his roles as Authorising Officer and Level 1 User. Induction and training of tru¥tees Wal Phra Singh UK recognises the legal and moral responsibilities undertaken by Trustees and has provilled each Trustee with a copy of the Charittes Commission Guidance for Trustees document reference CC3.
Wat Phra Singh UK Trustees, Annual Report (contlnuedj Year ended 5 April 2025 Rlsk management Wal Phra Singh UK recognises that there are risks associated with providing a charitable public service and seeks to understand and mitigate these risks as far as possible. Our goal is lo have all risk 8reas covered by a standard sel of policies, and have so far completed the following.. Lone Worker Policy CRB Policy Child Protection and Safeguardlng Policy Adult Protection and Safeguarding Policy Data Protection Policy Diversity and Equalities Policy Environmental Policy Health and Safety Policy UK Border Agency Compliance Policy Driving Policy Temple Committee Policy User Group Letting Policy Complaints Procedure Fire Risk Assessment Temple House Manual Objectlves and aclivities Our charitable objects as sel out in our Trust Deed are.. To promote Theravada Buddhism and Thai Culture into the mullifailh and multi-ethnic communitie5 of the Northwest of England and beyond by establishing a permanent Temple where the Dhamma can be studied and taught. and where meditation can be practiced, and to provide support to Buddhist Monks and Nuns in their studies and pastoral duties. Through this Temple we will establish our place in the wider community and be active in mullifailh forums as we seek to improve diversity awareness whilst engaging with the multicultural community. Public bgnefrt The Trustees have complied with the duty in Section 17151 of the 2011 Chariles Act lo have due regard lo the guidance given by the Charity Commission on public benefit. Strategies Our strategies for achieving our charitable objects are". Establish and maintain a Buddhist Temple and Meditation cent in the Northwest of England Host up to five resident monks Engage with the local mulli-failh and multi-ethnic groups through established routes such as Hallon Borough Council, VoSunlary Organisations and charities with similar goals and objective$ Establish links with the wider mults'cultural community
Wat Phra Singh UK Trustees, Annual Report (continued) Year ended 5 April 2025 The Abbot and Monks Wal Phra Singh UK has been granted a U K Border Agency SMS Licence allowing the charity lo support visa applications under Tier 2 Ministers of Religion and Tier 5 Religious Workers. As declared lo the UKBA Inow known as UKVII al the lime of our SMS Licence application it is the temple's intention lo host five resident monks, and in line with UKVI requirements we maintain robust records of monks. slalus and travel. We continue to have concerns about UKVI policies relating to the following points.. The English language criteria for Tier 2 Ministers of Religion remains al 82 which is extreme difficult for Thai Monks. The 12 month Cooling off perth for Tier 5 Religious Workers meaning that a monk leaving the UK at the end of a year Tier 5 visa cannot return for 12 months. We have previously raised our conGerns in writing with the Home Secretary and the Minister for Immigration but the replies received gave no indication of any planned changes to UK government immigration policy. We continue to provide professional English language tuition for all our monks. and ale indebted to Our supporters who continue lo fund this In this reFM)rting year the following monks arrived I departed.. 6 Jan 2025. Phra Thawatchai (Than Aml returned to Chiang Mai To date Than Gai is the only monk who has passed his English B2 exam. Our temple has a 1000A compliance record with UKVI requirements, and consequently we hokl an A Rated Licence. In January we applied to have our allocation of Tier 2 and Tier 5 Certificates of Sponsorship renewed lor twelve months. however they were only renewed lo 7 March 25. On re- applying we were asked for additional supporting information which was provided. On S April 25 we received notification that our request had been refused. We firmly believe that the reasons given by UKVI for this decision are erroneous, and we have raised a formal complaint lo ask that the decision be overturned Ime are taking legal immigration advice in this matter and have raised il with a local MP who has written to UK government on our behalf. Key events in our reporting year We held numerous events throughout 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 ceremony was led by Wasana Chakaew and Tamonwan and Nigel Willis. and we offer our sincere thanks for their support on this auspicious occasion. The Temple Anniversary event was much larger this year as we incorporated the Si Ra Reuk ceremony where we invited everyone lo place items of personal significance into the nine chambers Ihal form the plinth for the Chedi in the Peace Garden. Then on 8 August we held the"Y(xl Chaf, where our monks Ferformed the topping off ceremony for the 6M tall Chedi. Temple property The charity retains ownership of the temple propety 8188 High Street, Runcorn. Cheshire. This large freehold building is perfect for our requirements and we make full use of the extensive facilities. The charity owns the Ireehold outright
Wat Phra Singh UK Trustees, Annual Report l¢onlinu8d) Year ended 5 April 2025 Property maintenance l paIrS The temple propety is almost 200 years old and is kept good condition through a rigorous prcMJr8mme of inspection and planned or reactive maintenance. A monthly Routine Maintenance Schedule has been adopted and a hard copy is posted on the temple noticeboard. This is our iwelfth year of refurbishments and repairs. This year there were no significant maintenance requirements which reflects the extensive works that we have carried out to dale. The bulk of the redecorating, refurbishment and repair works al the temple are ¢arried out by volunteers and we therefore only pay for materials and essential subconlracls. Temple Utilities Our previous four-year fixed energy contract came to an end in December 2023 antj we therefore faced significant increases in gas and eCtrIcIty costs in this reporting year. Once again we engaged Northern Gas and Power to negotiate gas and electricity contracts on our behalf, and after assessing many options we entered a new contract with TG&P. This 15 now in place until September 2028. The issue with the Smart Meter remains unresolved by TG&P, and is the subject of a Formal Complaint. New Temple hall prolect We began the year with Phase 1 completed and the new Archilecl's designs in place. The existing Civil and Structural designs were then revised lo meet the slightly altered footprint dimensions of the hall, As part of the cost engineering review we decided that the fitting of the roof finials and the ¢onslru¢lion o! the eight external Sima stone chambers could be postponed and taken out olthe Phase 2 work5cope. With the help of a local quantity sutveyor and our designers we re*slimated the Phase 2 cost at under £500k. To fund this our parent temple have offered to provide a large non-repayable donation. However, this still left a large shortfall. We discussed this with our local authority who provide external funding advice and as a result we made a grant application to FCC Communities Action Fund. This grant was lo cover the Mechanical and Electrical works excluding first fix, and lotalled £80,380, We were delighted lo hear in December that our application had been granted in full. and this was very much the green light for us lo proceed with the project. We obtained three competitive quotes for both the building works and the M&Wworks and selected the following contractors.. Building Works Livewire TS MJN Constru¢lion, Widnes M&E Works, Skelmersdale We have created a Budgel Forecast for 2025 which shows a positive balance throughout the year. We will monitor actual spend against this and react accordingly. We have spoken with Triodos Bank about the possibility of them lending funds secured against the existing temple building and they have advised that this would meet their lending ¢rileria. This remains our fall-back position if necessary. Works on the new hall project commenced on 25 March 2024 and are scheduled for completion in November 2025. It is recognised that this project is an extremely ambitious undertaking, and the Trustees will continue to exercise prudence throughout.
Wat Phra Singh UK Trustees. Annual Report (conlinvedj Year ended 5 April 2025 Peace Garden This reporting year saw the completion of our beautiful Peace Garden, located adjacent to the existing temple building. This unique garden now provides an open space for the public lo enjoy nature in a calm, peaceful environment. We have received countless positive comments about how people are finding a calm serenity in the garden. On 23 June 24 we held our Si Ra Reuk ceremony where we invited the community to place items of personal significance into the nine chambers that form the plinth for Ihe Chedi in the Peace Garden. Then on 8 August 24 we held the Yod Chav, where our monks performed the lopping off ceremony for the 6M tall Chedi. These events were welY reported in the media including being featured on regional television. We have designated the front retaining wall of the Peace Garden as our Memorial Wall where anyone can ask the temple to erect a plaque in memory of a loved one. and this is fast becoming a key feature of the garden. With over 1,000 shrubs and bedding plants and over 2,000 bulbs we are looking forward to the garden maturing over the coming years. Following completion of the Peace Garden Hallon Borough Council approached Liverpool City Region Combined Authority on our behalf requesting a grant of £5.000 towards public lighting lo illuminate the Peace Garden We are pleased lo report that the request was granted in full, and the lighting is now in place. The Peace Garden is a publicly accessible place for rest and quite reflection, and is our gift lo the people of Runcorn who have been so welcoming. Use of volunteers The temple is fortunate to have a large number of volunteers with a wide range ol skills and abilities who are happy lo help with temple works and event management. 11 is most encouraging that volunteers come not only from within the Buddhist community but from local residents. other faiths and also from community groups. The Trustees would like lo pass on our humble thanks lo all volunteers for their valuable assistance. Communications and the use of social media The Trustees of Wal Phra Singh UK recognise the importance of communicating our activities to a wider audience. We have engaged widely with social media by publishing a website and Facebook presence, both in Thai and in English. Facebook parb'cularly is proving lo be an invaluable tool for communicating our events and reporting all aclivilies, and we now have many thousands of followers worldwide. Our temple and the main activities have been widely reported on radio, TV and in the press. both regionally in the UK and in Thailand. We are working closely with Vi-vid, a Manchester based marketing agency appointed by Halton Borough Council to promote the changes happening in Runcorn. In Augusl our temple featured in a national TV programme tilled Will and Ralf Should Know Bettei" The title characters are firmly associated with the temple's main building, and the London based TV produ¢ers asked if we could host their visit whilst they explore spirituality as they mature. Religlous activities With monks in residence we are normally able to meet the religious needs of the community by offering daily chanting and meditation pfficts'$ al the temple, and by visiting the homes and businesses of our supporters. Each day our Supporters generoLJsly offer lunch to the monks before noon and partake in the food offering ceremony. Following lunch the monks offer Dhamma talks. All religious activities are open lo everyone regardless of faiths or beliets.
Wat Phra Singh UK Trustees. Annual Report (contlnuedj Year ended S April 2025 Retreats We offer regular weekènd meditation retreats at the temple Whe participants can live a simple life of meditation and reflection. These retreats are free and open to everyone. The events are posted on our Facebook page. or can be arranged with our monks. Chanting and Meditation praeticg Meditation practice is a fundamental part of Buddhism and we are pleased to offer facilities for this. The temple provides a large open plan funcb'on Toom that 1$ set aside for meditation and quiet reflection where we offer free meditation classe5 that are open to all. We offer Guided Meditslion Classes every Saturday from 14.'00 to 15'.00 and these are attended by those new to meditation and those more experienced practitioners. As part of the monks, daily rituals they perform their own chanting and meditation thice daily from 06.'00 to 07'.30 and again from 18.'00 10 19'.30. These sessions are open lo everyone, either to participate or to just simply observe, and we are delighted lo see so many local residents allend regularly. Other user group8 The temple is pleased lo be able lo offer our facilits'es to other like-minded groups. and has developed a policy lo manage this. In the Buddhist spirit of Dana, or generosity. we make no charge for the use of our facilities. Coun$elling and bereavement support As a religious organisalion we recognise that our monks will be called up)n by the comrnunity lo offer counselling in difficult limes. Wat Phra Singh UK undertakes this support with sympathy and respect, and is happy to work with professional service providers whenever appropriate. We have engaged with NHS mental he311h professionals and with Hallon Borough Council lo explore how we can help the community further. Our monks have been invited to counsel individuals and groups. Interfaith dialogue Enhancing inlerfailh dialogue is one of the main objectives of Wal Phra Singh UK, and we are pleased lo be able lo provide a facility within the temple where interfaith groups are able to meet. We are Working closely with Hatton Borough Council Falth and Diversity officers to ensure that we integrate fully with the wider community, and now that we are fully established in Runcorn we continue lo seek lo establish links with all other locally represented faiths and beliefs as we look to participate in in interfaith dialogue. Supporting othertemples Wat Phra Singh UK was the eleventh Thai Buddhist temple to establish in the UK, and we are delighted to be able to share our experience of founding a new temple to help others. Throughout the year we have advised and worked ¢105ely with Monks and lay supporter5 of other temples as they work towards their eslabli$hmenl.
Wat Phra Singh UK Trustees, Annual Report Iconlinued) Year ended S April 2025 Community engagement Following the estsblishmenl of the temple in Runcorn in January 2013 we have received tremendous support, not only from within Buddhist groups but also from within the local community. We have developed strong links with Hallon Borough Council and have attended many of their voluntary sector events. As we become more estsblished we are receiving interest from many diverse local individuals and groups including religious and secular organisalions. health and wellbeing inilialives and individuals who are both familiar with Buddhism or who are new to the faith and may wish to explore further. We welcome all wilhoul exclusion. Our temple is open lo welcome groups with an interest in Buddhisrn or who are simply curious to know more about what we do in the community. Our temple is registered with Hallon Borough Council as a Survivor Reception Centre as part of the Council's Emergency Resilience Planning Operations. This facility will be further enhanced once the new temple hall is completed. The temple is located al the heart of Hallon Borough Council's regeneration plans, and work continues on the Reconnecting Runcorn Project. These ambitious plans are transforming the area around the temple, and are the calalysl lo allow work lo start on ihe plans lo reopen the Runcorn Locks Restoration Project which will see the reconnection of the Bridgewater Canal with The Manchester Ship Canal. Runcorn Town Deal Board The RLJncorn Town Deal Board was sel up by Hallon Borough Council lo administer the distribution of the £23.6M lunding made available through the governments Levelling Up Fund Northern Powerhouse inilialive. Wat Phra Singh UK is a benèficiary 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 ifwe would consider silting on the Board, and we were delighted to accept this honour. Tony Collacott now represents the temple at 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 up of Council officers, MP'S, Business Leaders, Charity Trustees elc.. and meets bi-monthly. Memberships Wat Phra Singh UK continues lo be a member of the following.. The Council of Thai Buddhist Monks in the UK Network of Buddhist Organisations Hallon and Sl Helens Voluntary and Community Organisation Hallon and Sl Helens Faith Forum Financial review In the year ended 05 April 2025 the charity's incoming resources exceeded its outgoing resources by £176,308 leaving the reserves in surplus by £571,614 all of which are unreslricled funds.
Wat Phra Singh UK Trustees, Annual Report (¢oniinu8d) Year ended 5 April 2025 Principal funding sources In the 8uddhist spirit of generosity our charity is supported solely by voluntary charitable donations. We encourage donors lo use our envelope system that records whether or not a donation qualifies for Gift Aid. We use an online database called Fund Filer to record each individual donation and use this for our Ice-Year1Y Gift Aid application. We regularly ask our supporters lo review their tax status and to advise us of any Changes to ensure that we remain fully compliant with HMRC Gift Aid rules. We have provided the facility for our supporters to donate by Standing Order should they choose to. and have designed and printed Gift Aid envelopes which are GDPR compliant. Gift Aid Wat Phra Singh UK is very appreciative of the continuing Grft Aid scheme by the UK governffonl. To ensure our compliance with the rules and regulations covering this we use an on-line database service provided by Fund Filer. This allows us lo record all donations, whether made under Gift Aid or not. We submit two Gift Aid applications per year, and this year only one of our applications was approved wilhoul question by HMRC. With our history of fully cornplianl Gift Aid applications we are able lo claim under the new Gift Aid Small Donations Scheme IGASDSI.The Gift Aid sum received in thls financial year was.. 1. 10 Sep124 2. 4 March 25 £ 11,832.56 £0 not yel received Traditionally we make Gift Aid application8 each year in September and March, and these have always been paid into the temple bank account within seven working days. However, this year the application made on 4 March 25 was not received by us. HMRC advise that queries musl wait five weeks from application, which meant that we would miss the current financial year. Vvhen we did query the delay we were advised that a small number of our recorded donations were beyond the time limits and were therefore not allowed. We were surprised by this as we use Fund Filei for our compliance management. We therefore took the query to Fund Filer who found a Soare glitch in their system. and thanked us for bringing this to their attention. The claim for £7,790.82 was eventually received in mid April 25. These sums are paid directly into the chartty bank account by HMRC. Flnanclal control and reporting Wal Phra Singh UK remains committed lo a policy of robust financial control and fully transparent reporting. We currently have over 2.700 registered supporters, and all donations are recorded in Fund Filer which ¢al¢ulales Gift Aid. Each month we carry out a trial balance using the bank slalernenl and enter all transa¢lions into a Financial Summary statement showing opening and closing bank balances together with all donations and withdrawals. This is placed on the temple noticeboard and copies posted in our website and on Facebook. Many of our supporters comment that they really appreciate this open, transparent approach lo declaring our finances. We engage the services ofAGP Ltd, Chartered Accountants. lo cairy out our Independent Examination of accounts as required by the Charities Commission.
Wat Phra Singh UK Trustees, Annual Report(¢onlAnuedJ Year ended 5 April 2025 Financial strategy and review All revenue and expenditure is recorded in a spreadsheet Ihal has been approved for use by our Accountants. The spreadsheet. together with all other electronic data, are backed-up remotely. The Trustees will manage finances in a prudent manner. To this end il has been agreed that there are lo be three key reserve figures for the bank balance". Minimum of£50k- Trustees and Committee members lake actions to reduce costs and increase revenue. Minimum of £25k- Trustees and Committee members slop all non-essential spend Minimum of £20k- Trustee5 consider other funding sources These figures are the same as previous years and represent a prudent approach given the challenges brought about by the current financial climate. The Tiuslees consider these reseive levels to be prudent and commensurate with OLJr charitable objectives. The reserves are held to ensure that we have adequate resources lo respond lo unexpected expenses. We will review these figures again once we tjndertake the construction of the new temple hall. Investment policy and objectives Any investment made by the Trustees on behalf of the charity will be made solely for the benefit of the charity. The investment approach will be prudent and secure. The charity is financially risk averse. Reporting of Serious Incident8 The Trustees are pleased lo report that there were no serious incidents in this reporting year. Trusto9$' statement of thanks and appTeelation The Monks and Trustees of Wat Phra Singh UK recognise the significant contribution of so many individuals and org2nis21ions who have helped LJS throughout the year. In particular we would like lo pass on OUT sinre appreciatn to 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 continuing support and guidance. Ajahn Laow Panyasiri of Wal Buddhapadipa, Wimbledon in his role as Chair of the Council of Thai Buddhist Monks in the UK for his support and adv. Ajahn Chan of Wat Santiwongsamm, 8irmingham for his invaluable support and advice. Ms. Prili Patel of Ash Norton Solicitors for her invaluablo immigration advice and assistance. Halton Borough Council for their support for the temple and for helping us to integrate with the community. Veolia Environmental Trust for their grant towards the temple improvements and the Peace Garden FCC Communities Action Fund for their grant towards the new hall. UK Govemmenl Levelling Up fund for their grants towards the Peace Garden and the new hall. Liverpool City Region Combined Authority for their grant towards the Peace Garden Lighting. Sally Janes for her help in leaching English language skills to our monks The Temple Volunteers who give their lime and skills freely The many generous SUPFX)rters who help us achieve our charitable objects. To the people of Runcorn who have made us feel so welcome To you all thank you 10
Wat Phra Singh UK Trustees, Annual Report(¢ontinuedJ Year ended 5 April 2025 Future plans The main objectives for the next twelve months are.. Complete the new Ubosot Hall projec( and closely monitor finances. Resolve the UKVI Certificates of Sponsorship issu8 Continue to make plans for Phase 3 of the hall project which includes the ceremonial gateways, and final resurfacing of the car park post construction. Continue lo concentrate on teaching English lo the monks, and hope lo have fvrther success with monks sitting their English B2 exams. The Iruslees, annual report was approved on 31 October 2025 and signed on behalf of the board of trustees by.. Mr Anthony Collacoll Trustee 11
Wat Phra Singh UK Independent Examiner's Report to the Trustees of Wat Phra Singh UK Year ended 5 April 2025 I report to the Iruslees on my examination of the financial statements ofwal Phra Singh UK I'lhe charity'l for the year ended 5 April 2025. Responsibilities and basis of report As the trustees of the charity you are responsible for the preparation of the financial slalemenls in accordance with the requirements ol the Charities Act 20111.the Act'l. I report in respect of my examinatson of the charity's financial slalemenls carried out under seelion 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 of the Act. Independent examlner's statement Since the charity's gross income exwded £250,000 your examiner musl be a member of a body listed in section 145 of the 2011 Act. I confirm that l am qualified lo undertake the examination because l am a member of the Institute of Chartered Accountants in England and Wales IICAEW), 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 lo believe that in any material respect" accounting recoids were not kept in respect of the charity as required by sects'on 130 of the Act., or the financial statements do not accord with those records., or the financial statements 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 than any requirement that the accounts give a 'true and fairf view which is not a matter onsidered as part of an independent examination. I have no concerns and have come across no other mallers in conne¢lion with the examination lo which attention should be drawn in this report in order lo enable a proper understanding of the accounts to be reached. Rachel Palombella FCA Independent Examiner AGP Chartered Accountsnts Sycamore House Sutton Quays Business Park Sution Weaver Runcorn Cheshire WA7 3EH 31 October 2025 12
Wat Phra Singh UK Statement of Financial Activities Year ended 5 April 2025 2025 Restricted funds Total funds Total funds 2024 Unreslricled funds Note In¢orne and endowments Dtsnations and legacies Total income 217.362 41,749 259,111 259,111 123,871 217,362 41.749 123.871 Expendlture Expenditure on charitable activities Total expenditure 82.803 82.803 11 5,495 115.495 82,803 82.803 Net Income 134.559 41,749 176,308 8,376 Transfers beeen funds 41,749 141.749} Net movemenl in fund8 176,308 176,308 8.376 Reconciliation of funds Total fvnds brought foNard Total funds carrled fonvard 395,306 395,306 386,930 395,308 571.614 571.614 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing a¢tivilies. The notss on pages 15 to 21 fomi part of thesè flnan¢i41 ststements. 13
Wat Phra Singh UK Statement of Financial Position 5 April 2025 202S 2024 Note Fixed assets Tangible fixed assets 11 425,450 289,508 Current assets Debtors Cash al bank and in hand 12 549 147,683 483 177,474 148,232 177,957 Creditors: amounts falling due within one year Net current assets 13 2,068 72,159 105,798 146,164 Total assets les$ current liabilities 571,614 395.306 Net a8sets 571,614 395,306 Funds of the charity Unreslricled funds 571,614 395,306 Total charity funds 14 571,614 395,306 These financial statements were approved by the board of trustees and authorised for issue on 31 October 2025, and are signed on behalf of the board by.. Mr Anthony Collacoll Trustee The notes on pages 15 to 21 fomi part of thes• flnanclal stataments. 14
Wat Phra Singh UK Notes to the Financial Statements Year ended S April 2025 General Infomiation The charity is a public benefit entity and a registered charity in England and Wales and 18 unincorporated. The address of the principal office is 88 High Street, Runcorn, Cheshire. WA7 1JH. Stat¢m¢nt of compllance These financial statements have been prepared in compliance with FRS 102. The Financial Reporting Standard applicable in the UK and the Republic of 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. Accountlng policie$ Basls of preparation The financial statements have been prepared on the historical ¢ost basis. as mcxjified by the fevaluation of certain financial assets and liabilities and investment properties measured al fair value through income or expenditure. The financial statements afe prepared in sterling, which is the functional curncY of the enb'ty. Going concem There are no matedal uncertainties about the charity's ability to continue. Dlsclo$ur¢ ¢x¢mptions No cash flow Statement has been presented for the charity in the basis that it qualifies as a small charity. Judgement8 and key SoUe¥ of estimatSon uncertainty The preparation of the financial slalements requires management to make judgements. e5b'mates and assumptions that affect the amounts reported. These eslimales and judgements are continually reviewed and are based on experience and other factors, including expectations of fvlure events that are believed to be reasonable under the circumstances. Fund accountlng Unrestricted funds are available for use al the discretion of the trustees lo further any of the ¢harity's purposes. Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment. Restricted funds are subjected to reslrictiong on their exFendilure declared by the donor or through the terms of an appeal. and fall into one of sub-classes.. restricted income funds or endowment funds. 15
Wat Phra Singh UK Notes to the Financial Statements Itontlnued) Year ended 5 April 2025 Accounting policies (torjtinuedj Incomlng resources All incoming resources are included in the statement of fi'nancial activities when entitlement has passed lo the charity,. il is probable that the economic benefits associated with the transaction will flow lo the charity and the amount can be reliably measured. The following specific policies are applied lo particular categories of income.. income from donations or grants is recognised when there is eVKIen of enlitlemenl to the gift, receipt is piobable and ils amount can be measured reliably. legacy income is recognised when receipt is probable and enlillemenl is established. income from donated good5 is measured at the fair value of the goods unless this 13 impractical lo measure reliably. in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the aecounls when received if the value can be ieliably measured. No amounts are included for the contribution of general volunteers. income from contracts for the supply of services is recognised with the delivery of the contracted service This is classified as unrestricted funds unless there is a contractual requirement for il lo be spent on a particular purpose and returned if unspent, in which case it may be regarded as reslricled. Rgsources expendod 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 tivities to which il relates.. expenditure on raising funds includes the costs of all fundraising activities, events, non- charitable trading activities, and the sale of donated good5. expenditure on charitable acttvilies includes all costs incuried by a charity in undertaking activities that further ils charitable aims for the benefit of ils beneficiaries, including those support costs and costs relating lo the governance of the charity apportioned to charitable activities. other expenditure includes all expenditure thatls neither related lo raising funds for the charity nor part of its expenditure on charitable xtivilies. All costs are allctaled to expenditure categories reflecting the use of the resource. 01cl costs attributable lo a single activity are allocated directly lo that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis. Tangible assets Tangible assets are initially recorded al cost, and subsequently stated al cost less any accumulated depreciation and irnpairmenl losses. Any tangible assets carried al revalued amounts are recorded 21 the fair value al the dale of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. 16
Wat Phra Singh UK Notes to the Financial Statements {conlnuedJ Year ended S April 2025 Accounting pollcles {contlnuedJ Tanglble asgets (conUnue(lJ An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless it reverses a charge for imp2irmenl that has previously been recognised as expenditure within the statement of financial 8Ctivilies. A decrease in the carrying amount of an asset as a result of revaluation. is recognised in other recognised gains and10sses, except lo which il offsets any previous revaluation gain, in which case the loss is shown within other iecognised gains and losses on the statement of financial activities. Depreciatlon Depreciation is calculated so as to write off the cost or valuation of an asset, less ils residual value, over the useful economic life of that asset as follows.. Freehold propety Fixtures and fittings Equipment 2• 5traighl line 200/0 reducing balance 200h reducing balance Impalrment of flxed assets A review for inditator5 of impairment is carried out at each reporting dale, with the recoverable amount being estimated Whe such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is Impaired accordingly. Prior impairments are also reviewed for possible reversal al each reporting date. For the purpo$e5 of impairment testing, when il is not possible lo eslirnate the recoverable amount of an indwidual asset, an estimate is made of the recoverable amount of the cash4eneraling unit to which the asset belongs. The ¢ash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other asset5 or groups of assets. For impairment lesling ol goodwill, the goodwill acquired in 8 business combination is, from the acquisition date. allocated lo each of the cash-generating units that are expected lo benefit from the synergles of the combinatson, irrespective of whether other a55et5 or liabilities of the oharity are assigned lo those units. Finan¢ial 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 al their settlement value with the exception of banks loans which are subsequently measured al amortised cost using the effective interest method. Donations and legacles Unrestricted Funds Reslricled Total Funds Funds 2025 Donations Donations Gift Aid 148.529 11,833 148,S29 11.833 17
Wat Phra Singh UK Notes to the Financial Ststements (continued) Year ended 5 April 2025 Donations and legacies icontinued) Unreslricled Funds Restricted Total Funds Funds 2025 Gifts Gifts in kind 57,000 57,000 Grants Grants ieceivable 41,749 41,749 217.362 41,749 259,111 Unreslricled Funds Restricted Total Funds Funds 2024 Donations Donations Gift Aid 58,546 15,077 58,546 15,077 Gifts Gifls in kind Grants Grants receivable 50,248 50,248 123,871 73,623 50,248 In 2012 Wat Phra Singh, Chiang Mai provided a Sum to the newly formed Wal Phra Singh UK to assist in the purchase ol the property. During the current financial year, Wal Phra Singh, Chiang Mai have confirmed that there will be no requirement lo repay the outstanding baSance, in order lo assist the Charity with ils lulurè plans. Therefore, the amount of £70,162 has been included within donations in these financial statements. In addition, included in gifts in kind is an amount of £57,000 which Is the value of the Chedi. This is central feature of the Peace Garden at 6M tall, that has been designed by the monks al the parent temple, Wal Phr8 Singh, Chiang Mai, Thailand. One of the supporters there offered to fund the casting of the Chedi. Expenditure on charitable activitles by fund type Unreslricled Total Funds Unrestricted Total Funds Funds 2025 Funds 2024 Operation of place of worship Support costs 81,843 960 81,843 960 114,594 901 114,594 901 82,803 82,803 115,495 115,495 18
Wat Phra Singh UK Notes to the Financial Ststsments(condnuedJ Year ended 5 April 2025 Expenditure on charitable activities by activlty type Activities undertaken dIrecY Support Total funds costs 2025 Total fund 2024 Operation of place of worship Governance costs 81,843 81,843 960 114.594 901 960 81,843 82,803 115,495 Net Income Net income is staled after chargingllcreditingl: 2025 2024 Depreciation of tangible fixed assets 6.689 7,345 Independent examination fees 2025 2024 Fee5 payabl8 to the independent examiner for.. Independent examination of the financial statements 960 901 Staff costs No salaries or wages have been paid to employees during the year. 10. Trustee remungration and expen$¢s No remuneration or other benefits from employment with the charity or a related entity were received by the trustees. No trustee expenses have been incurred. 19
Wat Phra Singh UK Notes to the Financial Statements fcontinued) Year ended 5 April 2025 11. Tangible fixed assets Freehold New temple Fixtures and property fithngs Equipment Total Cost Al 6 April 2024 Additions 203,568 115,990 142,631 47,226 5,096 371,880 142,631 At S April 2025 Depreciation At 6 April 2024 Charge for the year At 5 Aprll 2025 Carrying amount At 5 April 2025 Al 5 April 2024 203,568 258,621 47,226 5,096 514,511 43,149 4,071 47.220 35,484 2,347 3,739 271 82,372 6,689 37,831 4,010 89,061 156,348 258,621 9,395 11,742 1,086 425,450 160,419 115.990 1.357 289,508 12. Debtors 2025 2024 Prepayments and accrued InMe 549 483 13. Creditors: amounts falling due within one year 2025 2024 Accruals and deferred income Other creditors 2,068 1,999 70,160 2,068 72.159 14. Analysis of eharltable funds Unrestricted funds Al 6 April 2024 At Transfers S April 2025 Income Expenditure General fvnds 395,306 217,362 182,8031 41,749 571,614 Al 6 April 2023 At Tfansfers 5 April 2024 Income Expenditure General funds 386,930 73,623 {115,4951 50,248 395,306
Wat Phra Singh UK Notes to the Financial Ststements (eontinuedj Year ended 5 April 2025 14. Analysis of charitable funds (¢ontiftued) Restricted funds At 6 April 2024 At Transfers 5 Aprll 2025 Income Expenditure Restricted Fund 41.749 141.7491 At 6 April 2023 At Transfers 5 April 2024 Income Expenditure Restricted Fund 50.248 150,2481 Transfers The transfers have arisen due lo fixed assets being purchased from reslricled income and so the funds have been transferred lo unrestricted as the fixed as5els are held for general use and not a restricted puipose. 15. Analy818 of net assgts between funds Unrestricted Total Fund$ Funds 2025 Tangible fixed assets Current assets Creditors less than l year Net assets 425.450 148,232 12,0681 571,614 425,450 148,232 12,068} 571,614 Unrestricted Total Funds Funds 2024 Tangible fixed assets Current assets Creditors less than 1 year Net a88ets 289,508 177,957 172,1591 395.306 289,508 177.957 172.1591 395,306 16. Related partles Any connection betsveen a trustee of the charity musl be disclosed to the full board of trustees. No transactions with related parties were undertaken such as are required lo be disclosed. 21