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 e￿CtrIcIty 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 w￿elY 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 So￿are 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 sin￿re appreciat￿n 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 be￿een 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 cur￿ncY 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 SoU￿e¥ 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. 01￿cl 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
dIrec￿Y
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 In￿Me
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