WATPATESARANGSEE UK
Meeti
Minutes
M8eUng purpose..
Twstees OrOln8ry Meeting
Meeting Date..
7 March 2021
Meeling Locatlon:
WAT PA TEOsEE UK $3 Sea Cottage, Marine Drive. Barton on Sea, Ncw
Mitton. H8mpshire. BH25 7DZ
Meeling Facilitator.
NIA
Meetina Issued..
NC
1. Attendance
Phra Uthai Bunruengchak { pu )
(PM)
Tnjsteel Chariperson wa zoom
Phramaha Mairnil C*8lao
Monk via zoom
Phra Th8mmann Phokhakom (PT)
Monk vi8 zoom
Nopchal8i Chareonpanitch
(NC)
Trustee
Sivanart P(Hter
(sp)
Trustee
Sujltra Merrells
(SM)
Truslee
MeetRYJ ComMd at 14.Crf) aThJ concluded at 15.(Ki pm
2. Apologies
Apolooies were noted from NIA
3. Preparats"ons for Songkran fesb.val 2021
Discussion atsout Dales 18 Apnl. When Songkran is going io be the date. We plan
Action Item
for inmte the monks and accommodation. Prepare for the food, fnJit3. flower3, and
drinks. Ask for volunteers to help with pr8P8ration and the day 8vent Transportation
PU.SM&PT to
for quests and monk£. Announce Facebook, leaftets. and inmtation letters
each role.
Conclusion-
No actsvity during Covid-19 pandemic.
4. Chanting And Meditation Class
We wlll choose on Saturday aftemoon tr chantlng and meditab'on from 13.30 pm -
15.30 pm every week
Action tt8m
PM8PT.
NC&SP ft¥
Conclusii)n:
conlinued
No actiwty during Covi&19 pandemlc.
'(
5. Visakha BuGha Day
On 26 May, We VAII choose on Saturday aftemoon for chanting and ffedi18tion from
13.30 pm- 15.30
Action It8m
MT&NC f(
Concluslon:
contin
No 8Ctiwty during Cowd-19 pandenNc.
lion
7.Other Business
NIA
Actlon Itam
**----- Start of picture text -----**
WAT PA TESARANGSEE UK Charity No 1160688
Company No
Annual Accounts
Period end
Period start date 01/04/2020 To date 31/03/2021
**----- End of picture text -----**
**Section A Statement of financial activities (including summary income and expenditure account)**
|Guidance Note
S01
S02
S03
S04
S05
S06
S07
**Expenditure (Notes 6)**
**Expenditure on:**
S08
S09
S10
S11
S12
S13
Tax payable
S14
S15
Net gains/(losses) on
investments
S16
S17
**Extraordinary items**
S18
S19
S20
Other gains/(losses)
S21
S22
**_Reconciliation of_**
**_funds:_**
S23
S24
Other trading activities
Charitable activities
Raising funds
Separate material item of income
Other
Other
**Income (Note 3)**
**Income and endowments from:**
Investments
**_Total funds carried forward_**
**_Total_**
**Net income/(expenditure) after tax before**
**investment gains/(losses)**
**Net income/(expenditure)**
**Transfers between funds**
Gains and losses on revaluation of fixed assets for the
charity’s own use
Charitable activities
Separate material expense item
Total funds brought forward
**_Net movement in funds_**
**Other recognised** **gains/(losses):**
**Net income/(expenditure) before tax for**
**the reporting period**
**_Total_**
**Recommended categories by activity**
Donations and legacies|**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**£**
**£**
**£**
F01
F02
F03
12,867
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-|
**Total funds**
**Prior year**
**funds**
**£**
**£**
F04
F05|
|---|---|---|
|||12,867
27,656
-
-
-
-
-
-
-
-
-
-|
||12,867
-
-|12,867
27,656|
||-
-
-
-
-
-
14,472
-
-||
|||-
-
-
-
14,472
20,499|
||14,472
-
-|14,472
20,499|
||||
||1,605
-
-
-|1,605
-
7,157|
||-
-
-|-
-|
||1,605
-
-
-|1,605
-
7,157|
||-
-
-|-
-|
||1,605
-
-
-|1,605
-
7,157|
||-
-
-
-
-
-
-
-
-
-
-
-|-
-
-|
|||-
-
-
-|
||1,605
-
-
-|1,605
-
7,157|
||168,307
-
-|168,307
161,150|
||166,702
-
-|166,702
168,307|
Sectioii B
B2lAncp shepl" AS AT 11 MARCH 2021
Flud M••ts
15S.W3
1ST
Illul• 171
157
11•1• 1•)
1110* 1•
17AI
11.847
I152
11*212
11B,307
168.2S2
t68.262
Fund• of th• Chwtty
IW7Qa
1&I702
cct7•lE
21IDiraoa
## **Section C Notes to the accounts**
## Note 1 **Basis of preparation**
_**This section should be completed by all charities** ._
## **1.1 Basis of accounting**
These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.
The accounts have been prepared in accordance with:
the Statement of Recommended Practice: Accounting and Reporting by Charities • and with* preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 • and with* the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102)
- and with the Charities Act 2011.
The charity constitutes a public benefit entity as defined by FRS 102.
## **1.2 Going concern**
_**If there are material uncertainties related to events or conditions that cast significant doubt on the charity's ability to continue as a going concern, please provide the following details or state "Not applicable", if appropriate:**_
An explanation as to those factors that support _**Not Applicable**_ the conclusion that the charity is a going concern; Disclosure of any uncertainties that make the _**Not Applicable**_ going concern assumption doubtful; Where accounts are not prepared on a going _**Not Applicable**_ concern basis, please disclose this fact together with the basis on which the trustees prepared the accounts and the reason why the charity is not regarded as a going concern.
## **1.3 Change of accounting policy**
The accounts present a true and fair view and no changes have been made to the accounting policies adopted in note { }.
Yes* No* **1.4 Changes to accounting estimates** No changes to accounting estimates have occurred in the reporting period (3.46 FRS102 SORP). Yes* No* **1.5 Material prior year errors** No material prior year error have been identified in the reporting period (3.47 FRS102 SORP). Yes* Legacy received in 2018 of Freehold building of £150,100 is re-stated in Statement of Financial No* Activities in reconciliation of fund as fund brought forward.
CC17a (Excel)
31/01/2022
3
**Section C Notes to the accounts (cont)**
|**Recognition of income**
This is included in the accounts when receipt is probable and the amount receivable can
These are included in the Statement of Financial Activities (SoFA) when:
the charity becomes entitled to the resources;
it is more likely than not that the trustees will receive the resources;
the monetary value can be measured with sufficient reliability.
Grants and donations are only included in the SoFA when the general income recognition
criteria are met (5.10 to 5.12 FRS102 SORP).
Gift Aid receivable is included in income when there is a valid declaration from the donor.
Any Gift Aid amount recovered on a donation is considered to be part of that gift and is
treated as an addition to the same fund as the initial donation unless the donor or the
terms of the appeal have specified otherwise.
There has been no offsetting of assets and liabilities, or income and expenses, unless
required or permitted by the FRS 102 SORP or FRS 102.
Donated services and facilities are included in the SOFA when received at the value of
the gift to the charity provided the value of the gift can be measured reliably.
**Offsetting**
**Grants and donations**
**Note 2 Accounting policies**
This is only included in the SoFA once the charity has provided the related goods or
services or met the performance related conditions.
The cost of any stock of goods donated for distribution to beneficiaries is deemed to be
the fair value of those gifts at the time of their receipt and they are recognised on receipt.
In the reporting period in which the stocks are distributed, they are recognised as an
expense at the carrying amount of the stocks at distribution.
Donated goods for resale are measured at fair value on initial recognition, which is the
expected proceeds from sale less the expected costs of sale, and recognised in 'Income
from other trading activities' with the corresponding stock recognised in the balance
sheet. On its sale the value of stock is charged against 'Income from other trading
activities' and the proceeds from sale are also recognised as 'Income from other trading
activities'.
Goods donated for on-going use by the charity are recognised as tangible fixed assets
and included in the SoFA as incoming resources when receivable.
Donated goods are measured at fair value (the amount for which the asset could be
exchanged) unless impractical to do so.
**Government grants**
The charity has received government grants in the reporting period
**Legacies**
**Tax reclaims on**
**donations and gifts**
Legacies are included in the SOFA when receipt is probable, that is, when there has been
grant of probate, the executors have established that there are sufficient assets in the
estate and any conditions attached to the legacy are either within the control of the charity
or have been met.
**Income from interest,**
The charity has incurred expenditure on support costs.
Donated services and facilities that are consumed immediately are recognised as income
with an equivalent amount recognised as an expense under the appropriate heading in
the SOFA.
Gifts in kind for use by the charity are included in the SoFA as income from donations
when receivable.
**Support costs**
**2.2 INCOME**
**Donated goods**
In the case of performance related grants, income must only be recognised to the extent
that the charity has provided the specified goods or services as entitlement to the grant
only occurs when the performance related conditions are met (5.16 FRS 102 SORP).
**Volunteer help**
The value of any voluntary help received is not included in the accounts but is described
in the trustees’ annual report.
**Donated services and**
**facilities**
**Contractual income and**
**performance related**
**grants**|Yes*
No*
N/a*
Yes*
No*
N/a*
Yes*
No*
N/a*
Yes*
No*
N/a*
Yes*
No*
N/a*
Yes*
No*
N/a*
Yes*
No*
N/a*
Yes*
No*
N/a*
Yes*
No*
N/a*
Yes*
No*
N/a*
Yes*
No*
N/a*
Yes*
No*
N/a*
Yes*
No*
N/a*
Yes*
No*
N/a*
Yes*
No*
N/a*
Yes*
No*
N/a*
Yes*
No*
N/a*
Yes*
No*
N/a*|
|---|---|
CC17 FRS 102 SORP
31/01/2022
4
|**Grants with performance**
**conditions**
**2.4 ASSETS**
They are valued at cost.
They are valued at cost.
The charity has intangible fixed assets, that is, non-monetary assets that do not have
physical substance but are identifiable and are controlled by the charity through custody
or legal rights. The amortisation rates and methods used are disclosed in note 15.
The charity has heritage assets, that is, non-monetary assets with historic, artistic,
scientific, technological, geophysical or environmental qualities that are held and
maintained principally for their contribution to knowledge and culture. The depreciation
rates and methods used as disclosed in note 16.
p
p
be measured reliably.
Insurance claims are only included in the SoFA when the general income recognition
criteria are met (5.10 to 5.12 FRS102 SORP) and are included as an item of other
income in the SoFA.
**Intangible fixed assets**
Membership subscriptions which gives a member the right to buy services or other
benefits are recognised as income earned from the provision of goods and services as
income from charitable activities.
Membership subscriptions received in the nature of a gift are recognised in Donations
and Legacies.
**2.3 EXPENDITURE AND LIABILITIES**
The charity accounts for basic financial instruments on initial recognition as per paragraph
10.7 FRS102 SORP. Subsequent measurement is as per paragraphs 11.17 to 11.19,
FRS102 SORP.
**Tangible fixed assets for**
**use by charity**
**Liability recognition**
Liabilities are recognised where it is more likely than not that there is a legal or
constructive obligation committing the charity to pay out resources and the amount of the
obligation can be measured with reasonable certainty.
**Grants payable without**
**performance conditions**
The depreciation rates and methods used are disclosed in note 14.
They are valued at cost.
**Deferred income**
No material item of deferred income has been included in the accounts.
**Provisions for liabilities**
A liability is measured on recognition at its historical cost and then subsequently
measured at the best estimate of the amount required to settle the obligation at the
reporting date
**Basic financial**
**instruments**
**Income from membership**
**subscriptions**
**,**
**royalties and dividends**
**Heritage assets**
This includes any realised or unrealised gains or losses on the sale of investments and
any gain or loss resulting from revaluing investments to market value at the end of the
year.
Support costs include central functions and have been allocated to activity cost
categories on a basis consistent with the use of resources, eg allocating property costs
by floor areas, or per capita, staff costs by the time spent and other costs by their usage.
Support costs have been allocated between governance costs and other support.
Governance costs comprise all costs involving public accountability of the charity and its
compliance with regulation and good practice.
The charity has creditors which are measured at settlement amounts less any trade
discounts
These are capitalised if they can be used for more than one year, and cost at least
**Investment gains and**
**losses**
**Settlement of insurance**
**claims**
Where there are no conditions attaching to the grant that enables the donor charity to
realistically avoid the commitment, a liability for the full funding obligation must be
recognised.
**Governance and support**
**costs**
**Creditors**
**Redundancy cost**
The charity made no redundancy payments during the reporting period.
Where the charity gives a grant with conditions for its payment being a specific level of
service or output to be provided, such grants are only recognised in the SoFA once the
recipient of the grant has provided the specified service or output.|
Yes*
No*
N/a*
Yes*
No*
N/a*
Yes*
No*
N/a*
Yes*
No*
N/a*
Yes*
No*
N/a*
Yes*
No*
N/a*
Yes*
No*
N/a*
Yes*
No*
N/a*
Yes*
No*
N/a*
Yes*
No*
N/a*
Yes*
No*
N/a*
Yes*
No*
N/a*
Yes*
No*
N/a*
Yes*
No*
N/a*
Yes*
No*
N/a*
Yes*
No*
N/a*
Yes*
No*
N/a*
Yes*
No*
N/a*
Yes*
No*
N/a*
|
|---|---|
CC17 FRS 102 SORP
31/01/2022
5
Fixed asset investments in quoted shares, traded bonds and similar investments are valued at initially at cost and subsequently at fair value (their market value) at the year end. The same treatment is applied to unlisted investments unless fair value cannot be measured reliably in which case it is measured at cost less impairment.
**Investments**
Investments held for resale or pending their sale and cash and cash equivalents with a maturity date of less than 1 year are treated as current asset investments
**Stocks and work in** Stocks held for sale as part of non-charitable trade are measured at the lower or cost or **progress** net realisable value.
Goods or services provided as part of a charitable activity are measured at net realisable value based on the service potential provided by items of stock.
Work in progress is valued at cost less any foreseeable loss that is likely to occur on the contract.
Debtors (including trade debtors and loans receivable) are measured on initial recognition **Debtors** at settlement amount after any trade discounts or amount advanced by the charity. Subsequently, they are measured at the cash or other consideration expected to be received.
The charity has investments which it holds for resale or pending their sale and cash and **Current asset** cash equivalents with a maturity date less than one year. These include cash on deposit **investments** and cash equivalents with a maturity of loss than one year held for investment purposes rather than to meet short-term cash commitments as they fall due.
They are valued at fair value except where they qualify as basic financial instruments.
||Yes*|No*|N/a*|
|---|---|---|---|
|||||
|||||
||Yes*|No*|N/a*|
|||||
||Yes*|No*|N/a*|
|||||
||Yes*|No*|N/a*|
|||||
||Yes*|No*|N/a*|
|||||
|||||
||Yes*|No*|N/a*|
|||||
||Yes*|No*|N/a*|
|||||
|||||
|||||
||Yes*|No*|N/a*|
|||||
**POLICIES ADOPTED ADDITIONAL TO OR DIFFERENT FROM THOSE ABOVE**
CC17 FRS 102 SORP
31/01/2022
6
**Section C Notes to the accounts (cont)**
**Note 3 Income**
**----- Start of picture text -----**
Restricted
Unrestricted income Endowment
Analysis of income funds funds funds Total funds Prior year
£ £
Donations Donations and gifts 12,867 - - 12,867 27,656
and legacies: Gift Aid - - - - -
Legacies - - - - -
General grants provided by government/other
charities - - - - -
Membership subscriptions and sponsorships
which are in substance donations
- - - -
Donated goods, facilities and services - - - - -
Other - - - -
Total 12,867 - - 12,867 27,656
Charitable
activities: - - - - -
- - - - -
- - - - -
Other - - - - -
Total - - - - -
Other trading
activities: - - - - -
- - - - -
- - - - -
Other - - - - -
Total - - - - -
Income from Interest income - - - - -
investments: Dividend income - - - - -
Rental and leasing income - - - - -
Other - - - - -
Total - - - - -
Separate - - - - -
material item - - - - -
of income - - - - -
- - - - -
Total - - - - -
Other: Conversion of endowment funds into income
- - - - -
Gain on disposal of a tangible fixed asset held
for charity's own use - - - - -
Gain on disposal of a programme related
investment - - - - -
Royalties from the exploitation of intellectual
property rights - - - - -
Other - - - - -
Total - - - - -
TOTAL INCOME 12,867 - - 12,867 27,656
Other information:
**----- End of picture text -----**
CC17a (Excel)
31/01/2022
7
**Section C Notes to the accounts (cont)**
**----- Start of picture text -----**
Note 6 Expenditure
Restricted
Unrestricted income Endowment
Analysis of expenditure funds funds funds Total funds Prior year
£ £
Expenditure on raising funds: Incurred seeking donationsIncurred seeking legacies - - - - - - - - - -
Incurred seeking grants
Operating membership schemes and
social lotteries
Staging fundraising events
Fundraising agents
Operating charity shops
Operating a trading company
undertaking non-charitable trading
activity
Advertising, marketing, direct mail and
publicity - - - - -
Start up costs incurred in generating
new source of future income - - - - -
Database development costs - - - - -
Other trading activities
Investment management costs: - - - -
Portfolio management costs - - - - -
Cost of obtaining investment advice
- - - - -
Investment administration costs
- - - - -
Intellectual property licencing costs
- - - - -
Rent collection, property repairs and
maintenance charges - - - - -
- - - - -
Total expenditure on raising funds - - - - -
Expenditure on
charitable
activities - - -
- - -
Total expenditure on charitable activities - - - - -
Separate material
item of expense - - - - -
- - - - -
Total - - - - -
Other - - -
Council Tax 1,358 1,358 1,296
Donation 6,036 6,036 5,080
Insurance 850 850 712
Light and Heat 1,225 1,225 943
Repairs and Maitenance 220 220 444
Telephones 563 563 358
Travellings 1,469 1,469 8,915
Bank Charges 30 - - 30 30
Depreciation 2,221 - - 2,221 2,221
Independent Examiners Fees 500 - - 500 500
Total other expenditure 14,472 - - 14,472 20,499
TOTAL EXPENDITURE 14,472 - - 14,472 20,499
Other information:
Analysis of expenditure on charitable activities
Grant
Activity or funding Support Total this Total
programme Activities undertaken directly of Costs year prior year
activities
£ £ £ £ £
Activity 1
Activity 2
Other
Total
**----- End of picture text -----**
CC17a (Excel)
31/01/2022
8
## **Section C Notes to the accounts (cont**
## **Note 14 Tangible fixed assets**
## _**Please complete this note if the charity has any tangible fixed assets**_
## **14.1 Cost or valuation**
||||**Freehold land**
**& buildings**
**£**|**Freehold land**
**& buildings**
**£**|**Other land &**
**buildings**
**£**|**Other land &**
**buildings**
**£**|**Plant,**
**machinery**
**and motor**
**vehicles**
**£**|**Fixtures,**
**fittings and**
**equipment**
**£**|**Fixtures,**
**fittings and**
**equipment**
**£**|**Total**
**£**||
|---|---|---|---|---|---|---|---|---|---|---|---|
|At the beginning of|||150,100|||-|11,627||-|161,727||
|the year||||||||||||
|Additions||||||-|-||-|-||
|Revaluations||||-||-|-||-|-||
|Disposals||||-||-|-||-|-||
|Transfers *||||-||-|-||-|-||
|At end of the year|||150,100|||-|11,627||-|161,727||
|**14.2 Depreciation and**|||**impairments**|||||||||
|****Basis**|||SL or RB||SL or RB||SL or RB|SL or RB||SL or RB|Straight
Line ("SL")
or Reducing
Balance
("RB")|
||**** Rate**|||||||||||
|||||||||||||
|At beginning of|the|||||-|4,442||-|4,442||
|year||||||||||||
|Disposals||||-||-|-||-|-||
|Depreciation||||||-|2,222||-|2,222||
|Impairment||||-||-|-||-|-||
|Transfers*||||-||-|-||-|-||
|At end of the year||||-||-|6,664||-|6,664||
|**14.3 Net book**|**value**|||||||||||
|Net book value|at the||150,100|||-|7,185||-|157,285||
|beginning of the year||||||||||||
|Net book value|at the||150,100|||-|4,963||-|155,063||
|end of the year||||||||||||
CC17a (Excel)
31/01/2022
9
## **Section C Notes to the accounts (cont)**
## **Note 20 Creditors and accruals**
## _**Please complete this note if the charity has any creditors or accruals.**_
## **20.1 Analysis of creditors**
|
**Accruals for grants payable**
**Bank loans and overdrafts**
**Trade creditors**
**Payments received on account for contracts**
**or performance-related grants**
**Accruals and deferred income**
**Taxation and social security**
**Other creditors**
**Total**|**This year**
**Last year**
**This year**
**Last year**
**£**
**£**
**£**
**£**
-
-
- - -
-
1,550 825 -
-
- - -
-
- - -
-
- - -
-
- - -
-
**Amounts falling due**
**within one year**
**Amounts falling due after**
**more than one year**|
|---|---|
||1,550 825
-
-|
## **20.2 Deferred income**
_**Please complete this note if the charity has deferred income.**_
## _**Please explain the reasons why income is deferred.**_
|**_Movement in deferred income account_**
**Amounts released to income from previous periods**
**Balance at the end of the reporting period**
**Balance at the start of the reporting period**
**Amounts added in current period**|**This year**
**Last year**
**£**
**£**
-
-
-
-
-
-|
|---|---|
||-
-|
CC17a (Excel)
31/01/2022
10
## **Section C Notes to the accounts (cont)**
**Note 24 Cash at bank and in hand**
|**Note 24 Cash at bank and in hand**||
|---|---|
|**Other**
**Short term deposits**
**Cash at bank and on hand**
**Total**
**Short term cash investments (less than 3 months maturity date)**|**This year**
**Last year**
**£**
**£**
-
-
-
-
13,189 11,847
-
-|
||13,189
11,847|
CC17a (Excel)
31/01/2022
11