2022-03-31-accounts - Wat Pa Tesarangsee UK

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Trustees’ Annual Report for the period

From 01/04/2021 To 31/03/2022

Charity name: Wat Pa Tesarangsee UK

Charity registration number:1160688

Objectives and Activities

	SORP reference
Summary of the purposes of the charity as set out in its governing document	Para 1.17	To advance the Buddhist Philosophy For the betterment of the society and the world.
Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts.	Para 1.17 and 1.19	The focus of the activities remains the advancement of the Buddhism and its Philosophy. Irrespective of individuals History and origin all people are welcomed to learn and benefit from Buddha’s teaching and philosophy.
Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit	Para 1.18	Trustees have had full regard to guidance issued by the Charity Commission on public benefit while organising the events.

Achievements and Performance

SORP reference

Page 1 of 5

Summary of the main achievements of the charity, identifying the difference the charity’s work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole.	Para 1.20	During the year due to covid 19, many activities were postponed but still provided some relief to poor households.

Financial Review

Financial Review
Review of the charity’s financial position at the end of the period	Para 1.21	Trustees were satisfying with the financial position of the Charity at the year end.
Statement explaining the policy for holding reserves stating why they are held	Para 1.22	No significant reserve is hold in the name of the charity at the year end.
Amount of reserves held	Para 1.22	The reserve held was in line with charity’s objectives

Additional information (optional) You may choose to include further statements where relevant about:

The charity’s principal sources of funds (including any fundraising)	Para 1.47	The principal source of funding is individual’s donations to the charity and fund raising activities by volunteer and trustees and members subscriptions.
Investment policy and objectives including any social investment policy adopted	Para 1.46	Only invest in the company which has good record on carbon emission, animal right, human rights record and social responsibilities.
A description of the principal risks facing the charity	Para 1.46	None.
Other

Page 2 of 5

Structure, Governance and Management

Description of charity’s trusts:
Type of governing document (trust deed, royal charter)	Para 1.25	Constitution adopted in registration
How is the charity constituted? (e.g unincorporated association, CIO)	Para 1.25	Association consisting of Six Trustees and several members.
Trustee selection methods including details of any constitutional provisions e.g. election to post or name of any person or body entitled to appoint one or more trustees	Para 1.25	Trustees are appointed or reappointed annually at the Annual General Meeting held in January 2022. However due to Covid-19, it was held by video conference.

Additional information (optional) You may choose to include further statements	Additional information (optional) You may choose to include further statements	where relevant about:
Policies and procedures adopted for the induction and training of trustees	Para 1.51	Only people with clean background are Selected for trustees. Bankruptcy and criminal records carried out every two years for the trustees and employees.
The charity’s organisational structure and any wider network with which the charity works	Para 1.51	This is independent charity however It will be working closing with charity With similar objectives.
Relationship with any related parties	Para 1.51	None of the trustees are paid for their role directly or indirectly.
Other

Reference and Administrative details

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Charity name WAT PA TESARANGSEE
Other name the charity uses WPT
Registered charity number 1160688
Charity’s principal address
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Names of the charity trustees who manage the charity

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Dates acted if not for whole Name of person (or body) entitled
Trustee name Office (if any)
year to appoint trustee (if any)
Ms Nopchalai Secretary
1
Chareonpanitch
2 Mrs Sivanart Porter
Phra Thammarin
3 Phokhakorn
Phra Uthai
4
Bunrueangchak
Phra Maimit
5
Chalao
6 Mrs Sujitra Merrells
7
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– Corporate trustees names of the directors at the date the report was approved

Director name

Name of trustees holding title to property belonging to the charity

Trustee name Dates acted if not for whole year

Funds held as custodian trustees on behalf of others

Description of the assets held in this capacity	None
Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity’s objects	None
Details of arrangements for safe custody and segregation of such assets	None

Page 4 of 5

from the charity's (r•m Addhlonal InfornOn (Opllonal) Name• and •ddr••s•s of adviwrs (Opuonal Infonmtkn) Type of Nam• adviser Nam• of thl•f •x•cullv• of n•m•s of ••nlor •taff m•mb•r• Iopuond Inforniatlon) Exemptlons from dlsclosure Reason lor Tr)rpdlKlosure ol ke rd detsils Non• Other o tlonal Inforniatlon D•claratlons Th• tru•t•M d•d•r• that th•y hav• •pprov•d th• tru•l•••' r•port •bov•. Slgn•d on b•haH ol th• charlty's tru•t• sIat•(SI Full nanw(s) Po•lllon (•g S•cr•tary, Chalr, •tc) Nopthalai ch8pan Pa8e5of5

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WAT PA TESARANGSEE UK Charity No 1160688
Company No
Annual Accounts
Period end
Period start date 01/04/2021 To date 31/03/2022
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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 *Total* Recommended categories by activity Donations and legacies 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 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 Other trading activities Charitable activities Raising funds Separate material item of income Other Other	Unrestricted funds Restricted income funds Endowment funds £ £ £ F01 F02 F03 14,206 - - - - - - - - - - - - - - - - -	Total funds Prior year funds £ £ F04 F05
		14,206 12,867 - - - - - - - - - -
	14,206 - -	14,206 12,867
	- - - - - - 19,419 - -
		- - - - 19,419 14,472
	19,419 - -	19,419 14,472

	5,213 - - -	5,213 - 1,605 -
	- - -	- -
	5,213 - - -	5,213 - 1,605 -
	- - -	- -
	5,213 - - -	5,213 - 1,605 -
	- - - - - - - - - - - -	- - -
		- - - -
	5,213 - - -	5,213 - 1,605 -
	166,702 - -	166,702 168,307
	161,489 - -	161,489 166,702

Section B Balance sheet.. AS AT 31 MARCH 2021 152.013 Iriu 17AI C4•h4tbM4ndln hw1 9.n4 13.189 13.189 l.D i.on 161.489 014 161.489 116.702 Funds ol th• Chawlty 1•1. 11&702 CC17lE*4J

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.

(Excel)

06/02/2023

Section C Notes to the accounts (cont)

Recognition of income
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
Gifts in kind for use by the charity are included in the SoFA as income from donations
when receivable.
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.
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.
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.
Offsetting
Grants and donations
Note 2 Accounting policies
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.
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.
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).
This is included in the accounts when receipt is probable and the amount receivable can

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RS 102 SORP

06/02/2023

Grants with performance
conditions
2.4 ASSETS
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.
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.
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
Income from membership
subscriptions
,
royalties and dividends
Heritage assets
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
They are valued at cost.
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.
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.
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.
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.

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RS 102 SORP

06/02/2023

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.

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POLICIES ADOPTED ADDITIONAL TO OR DIFFERENT FROM THOSE ABOVE

RS 102 SORP

06/02/2023

Section C Notes to the accounts (cont)

Note 3 Income

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Restricted
Unrestricted income Endowment
Analysis of income funds funds funds Total funds Prior year
£ £
Donations Donations and gifts 14,206 - - 14,206 12,867
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 14,206 - - 14,206 12,867
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 14,206 - - 14,206 12,867
Other information:
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CC17a (Excel)

06/02/2023

Section C Notes to the accounts (cont)

Fundraising agents Operating charity shops Expenditure on charitable activities Separate material item of expense Other Analysis of expenditure on charitable activities Books and Stationery Solicitors and Other Professional Fees Telephones Independent Examiners Fees Investment management costs: Operating membership schemes and social lotteries Total expenditure on charitable activities Cost of obtaining investment advice Repairs and Maitenance Incurred seeking legacies Incurred seeking donations Total expenditure on raising funds Operating a trading company undertaking non-charitable trading activity Portfolio management costs Total Council Tax Rent collection, property repairs and maintenance charges Other trading activities Advertising, marketing, direct mail and publicity Note 6 Expenditure Start up costs incurred in generating new source of future income Staging fundraising events Database development costs Analysis of expenditure Incurred seeking grants Expenditure on raising funds: Investment administration costs Intellectual property licencing costs Depreciation Total other expenditure Donation Insurance Light and Heat Other information: TOTAL EXPENDITURE Travellings Bank Charges	Fundraising agents Operating charity shops Operating membership schemes and social lotteries Incurred seeking legacies Incurred seeking donations Operating a trading company undertaking non-charitable trading activity Other trading activities Advertising, marketing, direct mail and publicity Expenditure Start up costs incurred in generating new source of future income Staging fundraising events Database development costs Analysis of expenditure Incurred seeking grants	Unrestricted funds Restricted income funds Endowment funds Total funds Prior year £ £ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
	Investment management costs:
	Cost of obtaining investment advice Portfolio management costs Rent collection, property repairs and maintenance charges Investment administration costs Intellectual property licencing costs

	Total expenditure on raising funds	- - - - -
		- - - - - -

	Total expenditure on charitable activities	- - - - -
		- - - - - - - - - -

		- - - - -
		- - - 712 712 1,358 4,013 4,013 6,036 626 626 850 1,713 1,713 1,225 1,000 1,000 220 436 436 563 546 546 1,469 20 - - 20 30 2,220 - - 2,220 2,221 500 - - 500 500 1,290 1,290 - 6,343 6,343 -
		19,419 - - 11,786 14,472

		19,419 - - 11,786 14,472

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Grant
Activity or funding Support Total this Total
programme Activities undertaken directly of Costs year prior year
activities
£ £ £ £ £
Activity 1
Activity 2
Other
Total
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CC17a (Excel)

06/02/2023

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				-	6,664		-	6,664
year
Disposals			-		-	-		-	-
Depreciation					-	2,220		-	2,220
Impairment			-		-	-		-	-
Transfers*			-		-	-		-	-
At end of the year			-		-	8,884		-	8,884
14.3 Net book	value
Net book value	at the	150,100			-	4,963		-	155,063
beginning of the year
Net book value	at the	150,100			-	2,743		-	152,843
end of the year

CC17a (Excel)

06/02/2023

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 £ £ £ £ - - - - - - 1,078 1,550 - - - - - - - - - - - - - - - - - - Amounts falling due within one year Amounts falling due after more than one year
	1,078 1,550 - -

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* Balance at the start of the reporting period Amounts added in current period Amounts released to income from previous periods Balance at the end of the reporting period	This year Last year £ £ - - - - - -
	- -

CC17a (Excel)

06/02/2023

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 £ £ - - - - 9,724 13,189 - -
	9,724 13,189

CC17a (Excel)

06/02/2023