2025-03-31-accounts - Mogok Dhamma Trust

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Mogok Dhamma Trust

Charity No. 1154115

Trustees' Report and Unaudited Accounts

31 March 2025

Mogok Dhamma Trust Contents

	Pages
Trustees' Annual Report	2 to 4
Independent Examiner's Report	5
Statement of Financial Activities	6
Balance Sheet	7
Statement of Cash flows	15
Notes to the Accounts	8 to 14
Detailed Statement of Financial Activities	16 to 17

Page 1

Mogok Dhamma Trust Trustees Annual Report

The trustees present their report with the unaudited financial statements of the charity for the year ended 31 March 2025.

REFERENCE AND ADMINISTRATIVE DETAILS

Charity No. 1154115

Principal Office

Bellevue Lower Bedfords Road Romford RM1 4DQ

Trustees

The following trustees served during the year:

H.M. Aung W.N. Aung T.K.K. Heard-white B.K. Kyaw Z.W. Lart M. Lwin T. Lwin S. Maung H. Moe M.Z. Oo K.K. Soe A.K. Thu K.M. Thu T.R. Tun P. Turner (Resigned 31 March 2025)

Key Management Personnel

Chair Mr A K Thu

Accountants

ASVSH Accountancy Services Limited 46 Camden Road London NW1 9DR

Bankers

Barclays Bank Plc Leicester LE87 2BB

OBJECTIVES AND ACTIVITIES

The objectives of the charity are :

Page 2

Mogok Dhamma Trust Trustees Annual Report

To promote the practice of Theravada Buddhism for the benefit of public.
To bring public awareness of the Doctrines and Principles of Buddhist Faith.
To aid in the relief of poverty, sickness, and distress anywhere in the UK or worldwide.

The Charity's activities are that of:

Providing accommodation for ordained Theravada monks who are invited or sponsored by our Trust.
Holding monthly and occasional guided mediation retreats, and Sunday classes for children.
Holding religious activities to mark important days in the life of Buddha.
Offering a range of religious services and rituals according to Buddhist Faith and Myanmar culture.

ACHIEVEMENTS AND PERFORMANCE

Religious Activities

We continue to offer a range of religious services according to Buddhist Faith and Myanmar Culture. All our services are open to public and is free of charge.

We plan to continue with our current activities to promote practice of Theravada Buddhism and its propagation. We practice open-door policy where all members of the society are welcome to learn and share the teachings of the Buddha.

We worked to advance Theravada Buddhism in particular, but not exclusively through the provision, maintenance, and support of an establishment as a residential centre for monks where people can visit for spiritual guidance and other rituals as per Buddhist Culture.

We have successfully completed the re-mortgage with Barclays bank on 12th Dec 2024 and repaid mortgage loan to Triodos by way of re-mortgage with Barclays and using donations from the supporters. We are also looking for a new property and we have intention to sell the existing one and move into a new place if found one.

FINANCIAL REVIEW

The statement of financial activities showed a surplus of £ 28,094.21.

This reflects the costs in relation to buying a new property and its renovations and repair works.

The Charity entirely relies on donations from the society and there were no business activities during the year.

This charity raises funds from the public but does not work with professional fundraisers or commercial participators.

PLANS FOR FUTURE PERIODS

During the reporting period, the Charity have held one day meditation retreats on the last Sunday of every month and daily meditation class at 9.00 am every morning via zoom link.

The Charity also provides teaching of Myanmar language and culture to children every day and two annual religious events to mark the important days of Buddhism, namely Waso Ceremony and Kathina Robe-Offering ceremony.

Statement of trustees' responsibilities in relation to the financial statements

The charity trustees are responsible for preparing a trustees' annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Page 3

Mogok Dhamma Trust Trustees Annual Report

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the provisions of the Trust deed. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.

Signed on behalf of the charity's trustees Aung Kyaw Thu Aung Kyaw Thu (Jan 26, 2026 12:10:55 GMT)

A.K. Thu Trustee 26 January 2026

Page 4

Mogok Dhamma Trust Independent Examiners Report

Independent Examiner's Report to the trustees of Mogok Dhamma Trust

I report to the trustees on my examination of the financial statements of Mogok Dhamma Trust for the year ended 31 March 2025.

Responsibilities and basis of report

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

I report in respect of my examination of the charity's financial statements 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 145(5)(b) of the Act.

Independent examiner's statement

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

the accounting records were not kept in respect of the charity as required by section 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 content of financial statements set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the financial statements give a 'true and fair' view which is not a matter considered as part of an independent examination.

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

A Kohli ACCA ASVSH Accountancy Services Limited 46 Camden Road London

NW1 9DR 26 January 2026

Page 5

Mogok Dhamma Trust Statement of Financial Activities

for the year ended 31 March 2025

Unrestricted funds	Total funds	Total funds
2025	2025	2024
£	£	£

161,130	161,130	150,125
2,360	2,360	1,845
163,490	163,490	151,970

135,396	135,396	129,383
135,396	135,396	129,383
-	-	-
28,094	28,094	22,587
-	-	-
28,094	28,094	22,587

28,094	28,094	22,587

515,400	515,400	492,813
543,494	543,494	515,400

Page 6

Mogok Dhamma Trust Balance Sheet

at 31 March 2025

Charity No. 1154115 Fixed assets Tangible assets 9 Current assets Cash at bank and in hand Creditors:Amount falling due within one year 10 Net current assets Total assets less current liabilities Creditors:Amounts falling due after more than one year 11 Net assets excluding pension asset or liability Total net assets The funds of the charity Restricted funds 12 Unrestricted funds 12 General funds Reserves 12 Total funds	2025 £ 806,720 806,720 37,736 37,736 (962) 36,774 843,494 (300,000) 543,494 543,494 543,494 543,494 543,494	2024 £ 818,922
		818,922 187,272
		187,272 (900)
		186,372 1,005,294 (489,894)
		515,400
		515,400
		515,400
		515,400
		515,400

Approved by the trustees on 26 January 2026

And signed on their behalf by:

A.K. Thu Aung Kyaw Thu Aung Kyaw Thu (Jan 26, 2026 12:10:55 GMT) Trustee 26 January 2026

Page 7

Mogok Dhamma Trust Notes to the Accounts

for the year ended 31 March 2025

1 Accounting policies

Basis of preparation

The financial statements have been prepared in accordance with Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic if Ireland (FRS 102) issued on 16 July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.

Change in basis of accounting or to previous accounts

There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years.

Fund accounting

Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the general objects of the charity.

Designated funds These are unrestricted funds earmarked by the trustees for particular purposes. Revaluation funds These are unrestricted funds which include a revaluation reserve representing the restatement of investment assets at their market values.
Restricted funds These are available for use subject to restrictions imposed by the donor or through terms of an appeal.

Income

Recognition of Income is included in the Statement of Financial Activities (SoFA) when the charity income becomes entitled to, and virtually certain to receive, the income and the amount of the income can be measured with sufficient reliability.
Income with related Where income has related expenditure the income and related expenditure is expenditure reported gross in the SoFA. Donations and Voluntary income received by way of grants, donations and gifts is included in the legacies the SoFA when receivable and only when the Charity has unconditional entitlement to the income.
Tax reclaims on Income from tax reclaims is included in the SoFA at the same time as the donations and gifts gift/donation to which it relates. Donated services These are only included in income (with an equivalent amount in expenditure) and facilities where the benefit to the Charity is reasonably quantifiable, measurable and material.
Volunteer help The value of any volunteer help received is not included in the accounts. Investment income This is included in the accounts when receivable. Gains/(losses) on This includes any gain or loss resulting from revaluing investments to market value revaluation of fixed at the end of the year. assets Gains/(losses) on This includes any gain or loss on the sale of investments. investment assets

Page 8

Mogok Dhamma Trust Notes to the Accounts

Expenditure

Recognition of Expenditure is recognised on an accruals basis. Expenditure includes any VAT which expenditure cannot be fully recovered, and is reported as part of the expenditure to which it relates.
Expenditure on These comprise the costs associated with attracting voluntary income, fundraising raising funds trading costs and investment management costs. Expenditure on These comprise the costs incurred by the Charity in the delivery of its activities and charitable activities services in the furtherance of its objects, including the making of grants and governance costs.
Grants payable All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid.
Governance costs These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs.
Other expenditure These are support costs not allocated to a particular activity.

Taxation

The charity is exempt from tax on its charitable activities.

Tangible fixed assets and depreciation

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

Freehold property 2% on cost Furniture, Fixtures & Fittings 25% net book value

Freehold investment property

Investment properties are measured initially at cost and subsequently at fair value at each balance sheet date and are not depreciated. All gains or losses are taken to the Statement of Financial Activities as they arise.

Stocks

Stock is included at the lower of cost or net realisable value. Donated items of stock are recognised at fair value which is the amount the charity would have been willing to pay for the items on the open market.

Trade and other debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management.

Page 9

Mogok Dhamma Trust Notes to the Accounts

Trade and other creditors

Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

Foreign currencies

Monetary assets and liabilities denominated in currencies other than the functional currency of the charity are translated at the rates of exchange prevailing at the end of the reporting period.

Transactions in currencies other than the functional currency of the charity are recorded at the rate of exchange on the date that the transaction occurred.

All exchange differences are are taken into account in arriving at net income/expenditure.

Leased assets

Where the charity enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease.

Leases which do not transfer substantially all the risks and rewards of ownership to charity are classified as operating leases.

Assets held under finance leases are initially recognised as assets of the charity at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation. Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately, unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the charity's policy on borrowing costs.

Assets held under finance leases are depreciated in the same way as owned assets.

Operating lease payments are recognised as an expense on a straight-line basis over the lease term. In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis.

Pension costs

The charity operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the charity pays fixed contributions into a separate entity. Once the contributions have been paid the charity has no further payments obligations. The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the charity in independently administered funds.

Receipt of donated goods, facilities and services

All donated goods, facilities and services received are recognised within incoming resources and expenditure at an estimate of the value to the charity.

Page 10

Mogok Dhamma Trust

Notes to the Accounts

2 Statement of Financial Activities - prior year

2 Statement of Financial Activities - prior year
Income and endowments from: Donations and legacies Investments Total Expenditure on: Other Total Net income Net income before other gains/(losses) Other gains and losses: Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward 3 Income from donations and legacies Donations	Unrestricted funds 2024 £ 150,125 1,845 151,970 129,383 129,383 22,587 22,587 22,587 371,692 394,279 Unrestricted £ 161,130 161,130	Restricted funds 2024 £ - - - - - - - - 121,121 121,121 Total 2025 £ 161,130 161,130	Total funds 2024 £ 150,125 1,845
			151,970 129,383
			129,383
			22,587
			22,587
			22,587 492,813
			515,400
			Total 2024 £ 150,125
			150,125

Voluntary income including donations, gifts and legacies that provide core funding or are of general nature are recognised where there is entitlement, certainty of receipt, and the amount can be measured with sufficient reliability.

4 Income from investments

Bank interest	Unrestricted £ 2,360 2,360	Total 2025 £ 2,360 2,360	Total 2024 £ 1,845
			1,845

Page 11

Mogok Dhamma Trust Notes to the Accounts

5 Other expenditure

5	Other expenditure
		Unrestricted	Total	Total
			2025	2024
		£	£	£
	Donation	6,347	6,347	5,200
	Food and consumable	5,490	5,490	5,304
	Bank loan and overdraft
	interest payable	57,704	57,704	42,488
	Motor and travel costs	428	428	8,517
	Premises costs	18,144	18,144	21,711
	Amortisation, depreciation,
	impairment, profit/loss on	12,202	12,202	29,412
	disposal of fixed assets
	General administrative costs	18,449	18,449	7,698
	Legal and professional costs	16,632	16,632	9,053
		135,396	135,396	129,383
6	Net income before transfers
		2025		2024
	This is stated after charging:	£		£
	Depreciation of owned fixed assets	12,202		29,412
7	Trustee remuneration and expenses
		2025		2024
		Number		Number
	The nature of the reimbursed expenses	No Trustee received any remuneration during the year
		(2024-25- Nil). No Trustee received reimbursed travel
		expenses during the year (2024-25-Nil). There were no
		related party transactions for the period ended 31st March
		2025.

8 Staff costs

Support costs ,such as back-office costs, finance, personnel and governance costs, have been allocated between cost of raising funds and expenditure on charitable activities.

No trustee received any remuneration during the year, and no trustee received reimbursed travel expenses during the year.

Page 12

Mogok Dhamma Trust Notes to the Accounts

9 Tangible fixed assets

Land and buildings Furniture, Fixtures & Fittings Total £ £ £ Cost or revaluation At 1 April 2024 900,000 48,807 948,807 At 31 March 2025 900,000 48,807 948,807 Depreciation and impairment At 1 April 2024 103,900 25,985 129,885 Depreciation charge for the year - 12,202 12,202 At 31 March 2025 103,900 38,187 142,087 Net book values At 31 March 2025 796,100 10,620 806,720 At 31 March 2024 796,100 22,822 818,922 10 Creditors: amounts falling due within one year 2025 2024 £ £ Accruals 962 900 962 900 11 Creditors: amounts falling due after more than one year 2025 2024 £ £ Bank loans and overdrafts 300,000 489,894 300,000 489,894 Liabilities repayable in more than five years after the balance sheet date The re-mortgage loan is secured with Barclays bank on 12th Dec 2024 for the freehold property purchased on 09th Sept 2022 and is repayable over 15 years from 12th Dec 2024.	Land and buildings £ 900,000 900,000 103,900 - 103,900 796,100 796,100 2025 £	Furniture, Fixtures & Fittings £ 48,807 48,807 25,985 12,202 38,187 10,620 22,822	Total £ 948,807
			948,807
			129,885 12,202
			142,087
			806,720
			818,922
			2024 £
	962		900
	962 2025 £ 300,000 300,000		900
			2024 £ 489,894
			489,894

Page 13

Mogok Dhamma Trust Notes to the Accounts

12 Movement in funds

Incoming resources (including other gains/losses ) £ 163,490 163,490 At 1 April 2024 £	Resources expended £ (135,396) (135,396) Unrestricted funds £ 806,720 36,774 (300,000) 543,494 Cash flows £	At 31 March 2025 £ 543,494
		543,494
		Total £ 806,720 36,774 (300,000)
		543,494
		At 31 March 2025 £
187,272	(149,536)	37,736
187,272 (489,894)	(149,536)	37,736 (300,000)
	189,894
(489,894) (302,622)	189,894 40,358	(300,000)
		(262,264)

Page 14

Mogok Dhamma Trust Statement of Cash flows for the year ended 31 March 2025

Cash flows from operating activities Net income per Statement of Financial Activities Adjustments for: Depreciation of property, plant and equipment Interest Increase/(Decrease) in trade and other payables Net cash provided by operating activities Cash flows from investing activities Interest Net cash from investing activities Cash flows from financing activities Repayment of borrowings Net cash (used in)/from financing activities Net (decrease)/increase in cash and cash equivalents Cash and cash equivalents at the beginning of the year Cash and cash equivalents at the end of the year	2025 £ 28,094 12,202 (2,360) 62 37,998 2,360 2,360 (189,894) (189,894) (149,536) 187,272 37,736	2024 £ 22,587 29,412 (1,845) (10,000)
		40,154 1,845
		1,845
		15,225
		15,225

		57,224
		166,192
		223,416

Components of cash and cash equivalents
Cash and bank balances	37,736	187,272

	37,736	187,272

Page 15

Mogok Dhamma Trust

Detailed Statement of Financial Activities

for the year ended 31 March 2025

Income and endowments from: Donations and legacies Donations Investments Bank interest Total income and endowments Expenditure on: Other expenditure Donation Food and consumable Bank loan and overdraft interest payable Motor and travel costs Travel and subsistence Premises costs Rates Light, heat and power Premises cleaning Premises repairs and maintenance Other premises costs General administrative costs, including depreciation and amortisation Depreciation of land and buildings Depreciation of Furniture, Fixtures & Fittings Bank charges General insurances Software, IT support and related costs Stationery and printing Sundry expenses Telephone, fax and broadband	Unrestricted funds 2025 £ 161,130 161,130 2,360 2,360 163,490 6,347 5,490 57,704 69,541 428 428 3,680 8,512 1,090 4,419 443 18,144 - 12,202 13,582 3,435 303 886 177 66	Total funds 2025 £ 161,130 161,130 2,360 2,360 163,490 6,347 5,490 57,704 69,541 428 428 3,680 8,512 1,090 4,419 443 18,144 - 12,202 13,582 3,435 303 886 177 66	Total funds 2024 £ 150,125
			150,125
			1,845
			1,845
			151,970 5,200 5,304 42,488
			52,992
			8,517
			8,517
			3,875 5,742 351 11,743 -
			21,711
			18,000 11,412 1,500 3,101 - 752 1,681 664

Page 16

Mogok Dhamma Trust

Detailed Statement of Financial Activities

Legal and professional costs Audit/Independent examination fees Accountancy and bookkeeping Other legal and professional costs Total of expenditure of other costs Total expenditure Net gains on investments Net income Net income before other gains/(losses) Other Gains Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward	30,651 900 2,038 13,694 16,632 135,396 135,396 - 28,094 28,094 - 28,094 515,400 543,494	30,651 900 2,038 13,694 16,632 135,396 135,396 - 28,094 28,094 - 28,094 515,400 543,494	37,110
			900 - 8,153
			9,053

			129,383
			129,383 -
			22,587
			22,587 -
			22,587
			492,813
			515,400

Page 17

MogokDhammaTrust_UTR_31-03-2025_update dAccounts

Final Audit Report

2026-01-26

Created: 2026-01-26 By: Arvind Kohli (info@asvsh.co.uk) Status: Signed Transaction ID: CBJCHBCAABAAItVcX4RJ5DTdO6-1smc9Ye4QHG0gTeay

"MogokDhammaTrust_UTR_31-03-2025_updatedAccounts" Hist ory

Document created by Arvind Kohli (info@asvsh.co.uk)

2026-01-26 - 11:50:01 GMT

Document emailed to aungkt1900@googlemail.com for signature

2026-01-26 - 11:50:06 GMT

Email viewed by aungkt1900@googlemail.com

2026-01-26 - 12:07:26 GMT

Signer aungkt1900@googlemail.com entered name at signing as Aung Kyaw Thu 2026-01-26 - 12:10:53 GMT
Document e-signed by Aung Kyaw Thu (aungkt1900@googlemail.com)

Signature Date: 2026-01-26 - 12:10:55 GMT - Time Source: server

Agreement completed.

2026-01-26 - 12:10:55 GMT