Dhammakaya Europe International {A charltable company Ilmlted by guarantee) Company number 6431232 Charfty number 1171318 Unaudlted Trustees annual report and flnancial statements For the year ended 31° December 2024
Dhammakaya Europe International (A charitable company limited by guarantee) Trustees report Itolo Independent examiners report li Statement of financial activities 12 Balance sheet 13 Notes to the financial statements 14to21
Dhammakaya Europe Internatlonal (A charitable company limited by guarantee) Trustees report For the year ended 3tst December 2024 The Trustees present their annual report together with the financial statements of the DHAMMAKAYA EUROPE INTERNATIONALfor the year l January 2024 to 31 December 2024. The Annual Report serves the purposes of both a Trustees. report and a directors, report under company law. The Trustees confirm that the Annual Report and financial ststements of the charitable company comply with the current sL*utory requirements, the requirements of the charitable company's governing document and the provisions of the Statement of Recommended Prartice (SORP} applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS1021 {effective l January 20191, since the Charity qualifies as small under section 382 of the Companies Act 2006, the Strategic Report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors, Report) Regulations 2013 has been ornitted. The Charity also operates under the names DEI and Wat Phra Dhammakaya Manchester. Reference and administrative details Trustees Phra Wairot Treenet Phra Veera Vingvorn Phra Nicholas Thanissaro Phra Seri Rujisri Phra Pichit Choompolpaisal Phra Ronnapop Lapcharoen (appointed 5 August 2023) Company registered number 6431232 Charity registered number 1171318 Registered office 233A Edgeley Road Stockport SK3 OTL Company secretary Phra Pichit Choompolpaisal Chief executive offIr Phra Ronnapop Lapcharoen Accountants Brentwood Accounting and Tax IA CR Farm Estate Brentwood Road Herongate Essex CM13 3LH Independent examiner M J Goldman Chartered Accountants Hollinwood Business Centre Albert Street Oldham Lancashire OL8 3QL
Dhammakaya Europe Internatlonal (A charltable company limited by guarantee) Trustees report For the year ended 3tst December 2024 Objectlves and artlvltles Policies and objectives The purpose of the charity as set out in the governin8 document, memorandum, and articles of association, is to advance the Buddhist religion and in furtheran of this to promote meditation. The word "Dhammakaya, has the following meaning: Dhamma"_ refer to the teaching of The Lord Buddha. "Kaya" refer to each person's physical body that contains enlightenment. "Dhamma, and "Kaya" are Buddhist terms written in the Pali language, In setting objectives and planning for activities. the Trustees have given due consideration to general guidance published by the Charity Commis%on relating to public benefit, including the guidance 'Public benefit running a charity IPB2)', Activitles undertaken to achleve objertlves The Charity aim is to advance the Buddhist religion. This is done by holding ceremonies that include monks giving Dhamma talks mainly to promote pea and goodness in society. In addition, rneditation gives people a clear rested mind aimed at spreading peace and goodness through society. The following activities have been carried out using Line: There are several activities undertaken on Buddhist special days. These include reMonIeS with blessing from the monks and meditation. These have induded people from the local community of several religious traditions not just Buddhist. There are a significant number of participants from the Thai community. in addition, the Temple is attrartin8 non-Thai participants from the local community The, short-term aims are to attrart more partiapants for reMOnieS and meditstion. In addition, to complete the refurbishment works to the reception. The long-term aims are to complete the refurbishment work giving a Buddhist Temple for the community to use and appreciate the serenity and calm atmosphere. In addition, to have more monks and temple staff leading to increased capacity for ceremonies and meditation.
Dhammakaya Europe Intematlonal (A charltable company limited by guarantee) Trustees report For the year ended 3tst December 2024 Objettives and artivities Main artivities undertaken to further the Charity's purposes for the public benefft. The main activities undertaken in relation to the purposes of the charity are as follows: Manchester Temple activities is open to the public 365 days a year, The Monks, volunteers, and visitors participate in morning and evening chanting followed by meditation. Visitors are made welcome at luhch that are followed by a blessing by the Monks. The main remonY is held on the first Sunday of the month, an annual Kathina remonY is held, and invitations are extended to the local community, Meditation dasse5 are held each week There is a well-maintained dormitory and washing facilities that are well used with a small carpark and garden. Monks visit outside organisations to demonstrate meditation. These include schools, public and prlvate organisations. There are an average of two monks at the Temple and one Temple staff Publlc benefft Public benefit is atthe heart of what it means to be a charity. Two key prinaples define this area. l. There must be identifiable benefits, 2. The benefits must be to the public The trustees must carry out the following l. Review the activities undertaken for the public benefit. 2. State whether they have complied with this duty The Temple at Manchester is open 365 days of the year with all visitors given a warm welcome. The monks perform morning and evening chanting followed by meditation. A monthly ceremony is held during the early hours of the first Sunday of every month. This finishes about lunch time and attract participants. The ceremony is conducted in Thai, Our method of meditation is simple and non-intrusive, suitable for persons of any faith. Each week meditation classes are held. The trustees have reviewed the artivities undertaken forthe public benefit and confirm their compliance with this duty.
Dhammakaya Europe Intematlonal (A charitable company limlted by guarantee) Trustees report For the year ended 3tst December 2024 Objectlves and actlvltles Volunteers Twenty volunteers share their help with someone visitlng every day of the yearto cookfood, offer food to the monks, help with cleaning and renovation, and help with ceremonies. Volunteers give some hours of their time each week. The trustees would like tothank the volunteers for their dedicated work. Achlevements and perforniance Maln achlevements of the Charity The Manchester Temple activities during the year indude the following: The Temple was open to the public 365 days of the year. MediLition is held in the main hall from 09.00 to 11.00 every morning that is led by a monk with audio available in English. The public are welcome to attend for all of part of the event and are welcome to stay for lunch that is followed by a blessing from the monks. The meditation and lunch are free of charge and donations are welcome but not compulsory Evening chanting. that includes meditstion, tskes place between 18.00 and 19.00 every day. The public are welcome. Buddhist special days are Celebrated where visitors receive a blessing frorn the monks and food is provided free of charge. Revlew of activities Temple activities consists of regular and annual events. The first Sunday of the month ceremony starts during the early hours and finishes at lunch time, this attracted 25 to 30 participants. Some mediation classes were available to participants. The annual Kathina remonY during October attracted both an attendan at the Temple and Zoom participants. This is the main annual artivity which most Buddhist people intend to accumulate Merit for future life.
Dhammakaya Europe International IA charitable company limited by guarantee) Trustees report For the year ended 31st December 2024 Achievements and performance Review of activities Where possible ceremonies and meditation were made available to supporters and visitors. Meditation classes we.re held Tuesday evenings. Improvement work to the reception suffered a setback with Trustees and supporters continuing work to achieve a solution. Improvement to reception area of Temple building This project suffered a setback due to technical difficulties that are continuing. This has curtailed some meditation and ceremony activities of the Temple. Monks and Temple staff The number of monks and staff continued to be under pressure. This has curtailed some meditation and ceremony activities of the Temple. Change of Abbott The Abbott, Phra Seri, needed to fulfil certain visits to Buddhist Temples both in the UK and overseas. This has curtailed some meditation and ceremony activities of the Temple. During the year, Phra Ronnapop a trustee assumed the position of Abbott. Improvement works to the Temple The new Abbott worked to improve the Temple including additions to fixtures and repair works. Financial review Going concern After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies. Financial position During the year Donation income increased while expenditure decreased. Expenditure however still exceeded Donations leading to a net reduction of £5,167 in funds at the year end.
Dhammakaya Europe International (A charltable company limited by guarantee) Trustees report For the year ended 3tst December 2024 Reserves policy The Trustees have reviewed reserves as follows: The amounts are rounded for clarity. The average amounts of monthly income have fallen short of monthly expenditure. This includes planned refurbishments to the Temple that is financed by day-to-day donation receipts. The reserves required to provide a financial cushion in the bank account to support Temple activitie5 are estimated at £30,000. Tangible fixed assets are excluded from reserves. In addition, the Temple buildings are old and £120,000 is committed to cover emergency repairs, £Nil to cover improvements to the building during 2025 and £Nil forthe purchase of a property close to the Temple for female Temple staff. Exdude from reserves £ Resenies £ 491,000 Total funds Tangible fixed a55ets not available for general purposes Committed to cover emergency repairs and new vehicle Committed for improvement works during 2025 Committed to purchase a property close to the Temple for Temple staff to live Actual reserves Amount required by reserves policy Shortfall In our judgement, the actual reserves are broadly in line with required reserves. 454,000 10,000 (464,000) 27,000 30,000 3,000
Dhammakaya Europe International (A charitable company limited by guarantee) Trustees report For the year ended 31st December 2024 Financial review Improvement to reception area of Temple building This project continues to be unfinished. This project has suffered a setback due to technical difficulties. This has curtailed some meditation and ceremony activities of the Temple. Donation income has fallen because of this factor. In addition, the cost of the project has increased over the budget. Monks and Tetnple staff Some Temple continue to try and increase the number of monks and temple staff. The number of monks and temple statt has not recovered. This has curtailed some meditation and ceremony activities of the Temple. Structure, governance, and management Constitution Dhammakaya Europe International (DEI) is registered as a charitable company limited by guarantee and not having a share capital. as defined by the Companies Act 2006. DEI was set up by a Memorandum of Association and Articles of Association at Companies House on 19 November 2007 and registered as a charity with Charity Commission on 25 January 2017. Method5 of appointment or election of Trustees The management of the Charity is the responsibility of the Trustees who are elected and co-opted under the terms of the Articles of Association. New trustees are chosen for their skills. respect of Buddhism and suitability to work as a member of the team of trustees. Organisational structure and decision-making policies The Trustee5 With the title "Phra" in their name are Buddhist monks. Usually, monks ordain after graduation from university. They thus possess good organisational skills in managing temple property. The four Monks are operating the Temple in Manchester with the help of 20 volunteers. One monk acts as the abbot of the temple, the day-to-day operation decision-making is reached by agreement between the monks and temple staff. The main decision-making is made with the meeting of Trustee). Each Trustee has one vote according to Articles of Association paragraph 6.
Dhammakaya Europe International (A charitable company Ilmited by 8uarantee) Trustees report For the year ended 31st December 2024 Stfurture, governance, and management Policies adopted for the induction and traFnlng of Trustees The Charity Commission Publication 'The Essential Trustee: What you need to know, what you need to do" has 'been summarised into both English and Thai. This has been read by all Trustees and discussions held between the Trustees to reinforce understanding of the main points. The Summary document was given to the new Trustees With discussions being held between the new and existing Trustees. Related party relationshlps The Temple cooperates with The Council of Thai Buddhist Monks of the United Kingdom of Great Britain and Ireland (8MUK) which consists of 31 temples, such as, Wat Buddhapadipa (London, HQ of CTBMIJK, the fist Thai temple in UK), Wat Mahathat UK (Kings Bromley, secretary of cfBMUK) and $0 on. CTBMUK has an annual conference which takes place in an appropriate temple by circular selection. There might be some special conferences during the year, these conferences purposes are to share their activities, events, discussion rent issue and UK visa, The Temple coordinates with all Buddhist temples in UK, particularly in Northwest of UK, As limited of monks, the Temples need to coordinate each other to cover all respect of Buddhist regulation, especially for home or restaurant blessing visit including funeral ceremony. The Dhammakaya group of UK and Europe-wide Temples meet every three months. The meetin8 includes decision making over the agreement of the cash flows for European Buddhist Network Internal. The Dhammakaya Foundation in Thailand has a large modern Buddhist Temple in North of Bangkok. Monks and Temple staff attend training at this facility before joining the Temple in the UK. The Global Buddhist Network GBN internet channel 24-hour daily broadcast is prepared from a collaboration between the Dhammakaya Foundation in Thailand and a Ternple in the USA. Dhammakaya Europe International uses this broadcast facility free of charge. The Dhammakaya Foundation in Thailand has 5,000 monks plus Temple staff. During 2024 £Nil was spent to provide rice, food, water, and medicine tofeed the monks and Temple staff. Dhammakaya Europe International has not reiVed any money from The Dhammakaya Foundation in Thailand. Dhammakaya International Society of the United Kingdom {DISUK) has provided financial assistance and administration assistance during the Manchester Temple establishment, refurbishment and building projert. Dhammakaya North United Kingdom has provided decoration, renovation and support during the Temple refurbishment and building project. In addition, a Buddhist research project with King's College University of London is organised by D15UK.
Dhammakaya Europe International (A charltable company Ilmfted by guarantee) Trustees report For the year ended 31st December 2024 Strurture, governance. and management Related partles The following trustees of Dhammakaya Europe International are also trustees of otherTemples as follows: DEI Dhammakaya Europe International DISUK Dhammakaya International Society of the United Kingdom DNUK Dhammakaya North United Kingdom MCG Meditation Centre of Glasgow DEI DISUK DNUK MCG Phra Wairot Treenet Yes Yes Yes Yes Phra Veera Vtngvorn Yes Yes Yes Phra Nicholas Thanissaro Yes Yes Yes No Phra Seri Rujisri Yes No Phra Pichit Choompolpaisal Yes Yes Yes Yes Phra Ronnapop Lapcharoen Yes Ye5 No Yes Phra Wairot Treenet and Phra Veera Vingvorn are also trustees of some European Temples. Payments amounting to £9,987 and £2,200 were made to Dhammakaya International Society of the United Kingdom. Payments amounting to £1,000 were made to Dhammakaya North United Kingdom. Payments amounting to £Nil were made to Meditation Centre Glasgow Payments totalling £1,100 were made to other UK based Buddhist organisations.
Dhammakaya Europe Internatlonal (A charitable company limited by guarantee) Trustees report For the year ended 31st December 2024 Strurture, governance. and mana8ement Statement of Trustees. responslbillties The Trustees (who are also the directors of the Charity for the purpose5 of company lawl are responsible for preparing the Trustees, Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting practi). Company law requires the Trustees to prepare financial ststements for each financial year, under company law, the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Charity and of its incoming resour$ and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to: • selert suitable accounting policies and then apply them consistently,. • observe the methods and principles of the Charities SORP (FRS 102). . make judgments and accounting estimates that are reasonable and prudent. • State whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disdosed and explained in the financial statementsi • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in business, The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Charity's transactions and disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps forthe prevention and detection of fraud and other irregularities. Approved by order of the rnembers of the board of Trustees and signed on their behalf by: Phra Ronnapop Lapcharoen 11 (ffD&EL 10
Dhammakaya Europe International IA charitable company limited by guarantee) Independent examiners report For the year ended 31st December 2024 Independent Examiner's Report to the Trustees of Dhammakaya Europe International ('the Charity'} I report to the charity Trustees on my examination of the accounts of the Charity for the year ended 31 December 2024, which are set out on pages 12 to 21. Responsibilities and Basis of Report As the Trustees of the Charity land its directors for the purposes of company lawl you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (the 2006 Act'l. Having satisf led myself that the accounts of the Charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the Charity's accounts carried out under section 145 of the Charities Act 20111'the 2011 Act'l. In carrying out my examination I have followed the Directions given by the Charity Commission under section 14515llbl of the 2011 Act. Independent Examiner's Statement I have completed my examination. I confirm that no matters have come to my attention in connection with the examination givinE me cause to believe that in any material respert-. accounting records were not kept in respect of the Charity as required by section 386 of the 2006 Act.. or the accounts do not accord with those records- or the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair, view which is not a matter considered as part of an independent examination- or the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102}. I have no concerns and have come acr055 no other matters in connection with the examination to which attention should be drawn in this report to enable a proper understanding of the account5 to be reached. Richard Hunter FCA M J Goldman Ichartered Accountants) MJG Accounts Limited Hollinwood Busines5 Centre Albert Street Oldham OL8 3QL li
Dhammakaya Europe International (A charltable company limited by guarantee) Statement of financial activltles (Incorporatlng Income and expendtture account) For the year ended 31st December 2024 Note Unrestrie(ed Total Funds 2024 Funds 2024 Total Funds 2023 Income from: Donations and legacies 117.666 117,666 100,276 Expendlture on: Charitable activities 122,833 122,833 196,819 Net movement in funds Reconclliation of fvnds: Total funds brought forward 496,532 496,532 593,075 Net movement in funds (5,167) 15.167) (96,5431 Totsl funds carried fonward 491365 491365 496 532 The statement of financial activities includes all gains and losses recognised in the year. The notes on pages 14 to 21 form part of these financial statements. 12
Dhammakaya Europe Internatlonal (A charitable company Ilmited by guarantee) Balance sheet At 31st December 2024 Note 2024 2024 2023 2023 Flxed assets Tangible assets 454,513 432,463 Current assets Cash at bank and in hand Creditors: amounts falling due within one year Net current assets 42,438 (5,586) 69,311 (5,242) io 36,852 64,069 Total assets less current Ilabilities 491,365 496,532 Total net assets 491365 496 532 tharity funds Restricted funds Unrestricted funds li li 491,365 496,532 491365 496 532 The Charity was entitled to exemption from audit under section 477 of the Companies Act 2006. The members have not required the company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006. The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accou nting records and preparation of financial statements. The financial statements have been prepared in accordan with the provisions applicable to entities subjectto the small companvs regime. The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by Phra Ronnapop Lapcharoen Company Registration Number: 06431232 13
Dhammakaya Europe International IA charitable company limited by guarantee) Notes to the financial statements For the year ended 31st December 2024 Gener31 information DhammakBya Europe International IDEI) is a charitable organisation registered with Companies House and Chai'ity Commission. DEI advances the Buddhist religion according to the Buddhist religious doctrines and in furtherance of this to promote meditation. Accounting policies 2.1 Basis of preparation of financial statements The financial statements have been prepared in accordance with Accounting and Reporting by Charities.- Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland IFRS 1021, the Companies Act 2CJ)6 and UK Generally Accepted Accounting Practice. The financial statements are presented in sterling. which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £. Dhammakai'a Europe International meets the definition of a public benefit entity under FRS 102 Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy 2.2 Income All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received, and the amount of income receivèble can be measured reliably. 2.3 Expenditure Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount ot the obligation can be measured reliably. ExpenditLtre is classified bv activity. The costs of each activity are made up of the total of direct costs and shared costs. including support costs involved in undertaking each activity. Direct costs attributable to a single activity are 311ocated directly to that activity. Shared costs which contribute to more than one activity and sUPPOrt cost5 which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent. and depreciation charges allocated on the portion of the asset's use. Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charity's objectives, as well as any associated support costs. All expenditure is inclusive of irrecoverable VAT. 14
Dhammakaya Europe International {A charitable company limited by 8uarantee) Notes to the financlal statements For the year ended 31st December 2024 The charity is exempt from corporation tax on its charitable artivities. Accounting policies (continued) 2.4 Tangible fixed assets and depreciation Tangible fixed assets costing £5(Kl or more are capitalised and recognised when future economic benefits are probable, and the cost or value of the asset-can be measured reliably Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tan8ible fixed a55et into its intended workin8 condition should be induded in the measurement of cosL Depreciation is charged to allocate the cost of tangible fixed assets les5 their residual value over their estirnated useful lives, Depreciation is provided on the following bases: Freehold property Motor vehicles Fixtures and fittings 2.5 Cash at bank and in hand - over 50 years over 5 years over 5 to 15 years Cash at bank and in hand intludes cash and short-terni highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. 2.6 Liabilities and provisions Liabilities are recognised when there is an obligation at the Balan Sheet date because of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Liabilities are recognised at the amount that the Charity antiupates it will pay to settle the debt or the amount it has reiVed as advanced payments for the goods Of services it must provide Provisions are measured at the best estimate of the arnounts required to settle obligation Where the effett of the time value of money is material, the probision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of Financial Activities as finance cost. 2,7 Financial instruments The Charity only has finanaal assets and finanaal liabilitie5 of a kind that qualify as basic financial instruments. Basic financial instruments are initialty recognised at transaction value and subsequently measured at their settlement value except for bank loans which are subsequently measured at amortised cost using the effective interest method. 15
Dhammakaya Europe Internatlonal (A charitable company limited by guarantee) Notes to the flnanclal statements For the year ended 3tst December 2024 Accounting policies (continued) 2.8 Fund accounting General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purpo Restricted funds are funds which are to be used in accordance with speafic restrictions irnposed by donors or which have been raised by the Charity for particular purposes. The costs of raising and administering such funds are charged against the speafic fund. The aim and use of each restricted fund is set out in the notes to the financial statements. Income from donations and legaaes Unrestricted Funds 2024 £ Total Funds 2024 £ Total Funds 2023 Donations Solar cell income Gift aid claims received from HMRC Donations from DISUK 106,622 593 5,452 5,000 106,622 593 5,452 5,000 100, 159 118 117 666 117 666 100 276 Analysis of expenditure on charitable artivities Summary by fvnd type Unfestricted Funds 2024 £ Total Funds 2024 £ Total Funds 2023 Temple upkeep 122,833 122,833 196,819 Analysis of expenditure by activities Unrestricted Funds 2024 £ Total Funds 2024 £ Total Funds 2023 Costs of charitable artivities 122,833 122,833 196,819 16
Dhammakaya Europe International (A charltable company Ilmlted by guarantee) Notes to the fSnancial statements For the year ended 31st December 2024 Analysis of expenditure by activities (continued) Analysis of direct costs Total Funds 2024 £ Total Funds 2023 £ Staff costs Depreciation Courses and welfare Light and heat Rates and water Insuran Repairs and maintenance Telephone and internet Printing, postage, stationery. and computer expense5 Sundry expenses Sustenan, food, and drink Ceremony expenses Monks and Temple staff public work expenses Travel expenses Legal and professional Bank charges and interest Donations to DISUK Central Fund Donations to DISUK Donations to DNUK Donations to Meditation Centre Glasgow Donations to Buddhist organisations Accountanvi Independent examination 19,670 6,645 1,950 15,599 3,316 1,418 15,210 579 121 554 8,845 1,670 3,500 24,408 10,743 4,686 14,233 1,683 3,322 23,026 876 1,429 3,052 4,755 6,295 7,365 8,887 1,575 82 14,204 63,637 6,924 1,000 13,815 3,913 1,230 175 9,987 2,200 1,000 I,ioo 4,066 820 122 833 196 819 17
Dhammakaya Europe Internatlonal {A charltable company limited by guarantee) Notes to the financial statements For the year ended 31st December 2024 Independent examiners remuneration 2024 £ 2023 £ Fees payable to the independent examiner for the independent examination of the charitys annual accounts 820 1,230 Fees payable to the independent examiner in respect of all other services not included above Staff costs 2024 £ 2023 £ Wages and salaries The average number of persons employed by the charity during the year was as follows: 2024 number 2023 number Monks No employee received remuneration amounting to more than £60,000 in either year. All monks and temple staff have dedicated their lives to work for the temple with a small sum of wages {around £150 to £200 each month). They perform Buddhist precepts and regulations within the temple area as minister of religion and religious workers. Accommodation, food, travellin& and necessary needs are provided by the temple. Therefore, the minimum wage is exempt as stated in www.gov.uVnational-minimum- wage/who%ets-theminimum-wage people living and working in a religious community are not entitled to the National Minimum Wage or National Living Wage. 18
Dhammakaya Europe International (A charltable company limited by guarantee) Notes to the flnanclal statements For the year ended 31st December 2024 Trustees, remuneration and expenses During the year, no Trustees reiVed any remuneration or other benefits (2023 - £NILI, During the year ended 31 Dernber 2024, expenses totalling £2,400 were reimbursed or paid directly to one trustee (2023 - £2,400 to one Trustee). There were some reasonable trustees, expenses which relate to their duties as trustees in attending meetings. One trustee is a monk resident at the ManchesterTemple living in a community of monks, each month £200 is paid to cover mobile phone and other expenses relating to his work as a rnonk. Tangible fixed assets Freehold property £ Motor vehicles £ Fixtures and fittings £ Total £ Cost or valuatlon At I" January 2024 Additions At 31st December 2024 435,154 15,000 36,698 28,695 486,852 28,695 515 547 435 154 Depreciation At I" January 2024 Charge for the year At 31st December 2024 26,489 1,645 13,000 14,900 5,000 54,389 6,645 Net book value At 31st December 2024 At 31" December 2023 407,020 408,665 2,000 2,000 45,493 21,798 454,513 432,463 io. Creditors: Amounts fallin8 due within one year 2024 2023 Other creditors 5,586 5,242 19
Dhammakaya Europe International (A charitable company limited by guarantee) Notes to the financlal ststements For the year ended 31st December 2024 ii. Movement in funds At I"January 2024 Net movement At 31st December 2024 Unrestricted general fund 496,532 (5,167) 491,365 Net movement in funds, included above are as follows: Incoming resour5 Resources expended Movement in funds Unrestricted general fund 117,666 122,833 (5,167) Comparatives for movement in fijnds: At I" January 2023 Net movement At 31" December 2023 Unrestricted general fund 593,075 196,543) 496,532 Net movement in funds, included above are as follows: Incoming resources Resources expended Movement in funds Unrestricted general fund 100,276 196,819 196,543) 20
Dhammakaya Europe International (A charltable company Ilmfted by guarantee) Notes to the financial statements For the year ended 3tst December 2024 12. Related party transactions The following trustees of Dhammakaya Europe International are also trustees of other Temples as follows: DEI Dhammakaya Europe International DISUK Dhammakaya International Society of the United Kingdom DNUK Dhammakaya North United Kingdom MCG Meditation Centre of Glasgow DEI DISUK DNUK MCG Phra Wairot Treenet Yes Yes Yes Yes Phra Veera Vingvorn Yes Yes Yes Phra Nichola5 Thanissaro Yes Yes Yes Phra Seri Rujisri Yes No Phra Pichit Choompolpaisal Yes Yes Yes Yes Phra Ronnapop Lapcharoen Yes Yes Yes Phra Wairot Treenet and Phra Veera Vingvorn are also trustees of some European Temples. Payments amounting to £9,987 and £2,2LKI were made to Dhammakaya International Society of the United Kingdom. Payments amounting to £1,000 were made to Dhammakaya North United Kingdom. Payments amounting to £Nil were made to Meditation Centre Glasgow Payments totalling £1,100 were made to other UK based Buddhist organisations. 21