**Wat Mongkhonwararam UK** **REGISTERED CHARITY NUMBER: 1188901** ## **Report of the Trustees and** ## **Unaudited Financial Statements** **for the Period 1 April 2024 to 31 March 2025** **for** **Wat Mongkhonwararam UK** ## **Sterling Accounting & Partners** Licensed Accountants (AAT) 2440 The Quadrant, Aztec West Almondsbury, Bristol, BS32 4AQ Email: info@sterling-accounting.co.uk **Wat Mongkhonwararam UK** ## **Contents of the Financial Statements for the Period 1 April 2024 to 31 March 2025** ||**Page**| |---|---| |**Report of the Trustees**|1| |**Independent Examiner's Report**|2| |**Statement of Financial Activities**|3| |**Balance Sheet**|4| |**Notes to the Financial Statements**|5 to 6| |**Detailed Statement of Financial Activities**|7| **Wat Mongkhonwararam UK** **Trustees’ Annual Report For the Period 1 April 2024 to 31 March 2025** ## **Objectives and Activities** The charity has been set up to promote Theravada Buddhism for the public’s benefit in England and Wales and beyond, in particular for education and training, religious activities, arts/culture/heritage/science, human rights, religious racial harmony/equality or diversity and other charitable purposes. The aim is to help the general public/mankind including children, young people, elderly persons, people with disabilities, all of any particular ethnic or racial origin by providing various activities and advice in the temple. The trustees present their report with the financial statements of the charity for the period 1 April 2024 to 31 March 2025. The trustees have adopted the provisions of 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 (FRS 102) (effective 1 January 2019). ## **Achievements and Performance** The charity experienced unusual levels of activity and funding compared to the previous financial year and continues to work towards achieving its charitable objectives in the year ahead. The results for the year ended indicate a deficit, primarily due to significant repair and maintenance expenditure incurred during the period. Consequently, the charity was unable to allocate as much time and resources to fundraising activities and the generation of donations through its usual fundraising events. Notwithstanding these challenges, a positive development was the increased attendance at the new Temple, with visitors making donations in support of its ongoing operation and activities. During the year, the Temple attracted individuals interested in participating in religious activities, including festivals and other events. Donations increased modestly by 2.94% compared to the previous year. The Temple remains committed to expanding its programme of religious and community activities and to supporting local and neighbouring communities in coming together in the forthcoming year. ## **STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document** The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity. ## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number** 1188901 ## **Principal address** ## **Trustees** Dr T Makklay (appointed 24.7.21) Mrs M Kitsubpaibool (appointed 29.10.19) Mrs N Hawkins (appointed 29.10.19) Mr K Chaimin (appointed 24.7.21) Mr S Lowmunkong (appointed 12.1.19) Mrs M Croft (appointed 12.3.21) ## **Independent Examiner** Sterling Accounting & Partners Licensed Accountants (AAT) 2440 The Quadrant Aztec West Bristol BS32 4AQ Approved by order of the board of trustees on **15 January 2026** and signed on its behalf by: eSigned by: ........................................................................ 01/15/2026 @ 15:39 UTC Mrs N Hawkins - Trustee Page 1 **Independent Examiner's Report to the Trustees of** ## **Wat Mongkhonwararam UK** ## **Independent examiner's report to the trustees of Wat Mongkhonwararam UK** I report to the charity trustees on my examination of the accounts of Wat Mongkhonwararam UK (the Trust) for the period 1 April 2024 to 31 March 2025. ## **Responsibilities and basis of report** As the charity trustees of the Trust, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act'). I report in respect of my accounts carried out under section 145 of the Act and in carrying out my examination I have followed all 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 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: 1. accounting records were not kept in respect of the Trust as required by section 130 of the Act; or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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. 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 accounts to be reached. Arrada Sewell Sterling Accounting & Partners Licensed Accountants (AAT) 2430 The Quadrant Aztec West Bristol BS32 4AQ Date: **15 January 2026** Page 2 **Wat Mongkhonwararam UK** ## **Statement of Financial Activities** ## **for the Period 1 April 2024 to 31 March 2025** |||Unrestricted| |---|---|---| |||fund| ||Notes|£| |**INCOME AND ENDOWMENTS FROM**||| |Donations and legacies|**1**|45,169| |**EXPENDITURE ON**||| |**Charitable activities**||| |Religious activities||20,768| |Other||24,999| |**Total**||**45,767**| |**NET INCOME**||**(598)**| |Total Funds Brought Forward||173,560| |**TOTAL FUNDS CARRIED FORWARD**||**172,962**| The notes form part of these financial statements Page 3 **Wat Mongkhonwararam UK** ## **Balance Sheet** At 31 March 2025 |Notes
**ASSETS**
**Non - current assets**
Tangible assets
**3**
Property, Plant and equipment
**Current assets**
Cash at bank
Cash in hand
**LIABILITIES**
Creditor amounts falling due within one year
4
Accruals
|**31-Mar-25**
Unrestricted
fund
£
19,231
260,000
**279,231**
13,531
800
(120,000)
(600)|**31-Mar-24**
Unrestricted
fund
£
19,231
260,000| |---|---|---| |||**279,231**
13,529
800
(120,000)| |**TOTAL ASSETS LESS LIABILITIES**|**172,962**|**173,560**| |||| |**NET ASSETS**|**172,962**|**173,560**| |**FUNDS**
**5**
Unrestricted funds|
172,962|
173,560| |**TOTAL FUNDS**|**172,962**|**173,560**| The financial statements were approved by the Board of trustees and authorized for issue on **15 January 2026** and were signed on its behalf by: ............................................. Mrs N Hawkins - Trustee The notes form part of these financial statements Page 4 **Wat Mongkhonwararam UK** ## **Notes to the Financial Statements for the Period 1 April 2024 to 31 March 2025** ## **1. ACCOUNTING POLICIES** ## **Basis of preparing the financial statements** The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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 (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention. ## **Income** All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received, and the amount can be measured reliably. ## **Expenditure** Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Where costs cannot be directly attributed to particular headings, they have been allocated to activities on a basis consistent with the use of resources. ## **Tangible fixed assets** Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. ## **Taxation** The charity is exempt from tax on its charitable activities. ## **Fund accounting** Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. ## **2. TRUSTEES' REMUNERATION AND BENEFITS** There were no trustees' remuneration or other benefits for the period ended 31 March 2025. ## **Trustees' expenses** There were no trustees' expenses paid for the period ended 31 March 2025. |**3.**|**TANGIBLE FIXED ASSETS**
|Fixtures and
Fittings| |---|---|---| |||£| ||**COST**|| ||Brought forward|19,231| ||Additions|-| ||**NET BOOK VALUE**|19,231| ||At 31 March 2025|Property| |||£| ||Brought forward|260,000| ||Additions|-| ||**NET BOOK VALUE**|260,000| ||At 31 March 2025|| Page 5 continued... **Wat Mongkhonwararam UK** ## **Notes to the Financial Statements - continued for the Period 1 April 2024 to 31 March 2025** ## **4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR** |**4.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**|| |---|---| |Private Loans
Accrued expenses
**Total**
The loans are interest-free, with repayment of £30,000
scheduled in three annual instalments commencing from
January 2023. The first instalment was paid on 23 November
2023. An instalment repayment of £12,400 is due during the
2024/2025 accounting period.|£
120,000
600| ||**120,600**| ||| The second loan of £100,000 is expected to be converted into a mortgage within the next two years, at which point arrangements will be made for repayment. ## **5. MOVEMENT IN FUNDS** |**MOVEMENT IN FUNDS**|||| |---|---|---|---| |||Net|At| |||movement|| |||in funds|31.3.25| |||£|£| |**Unrestricted funds**|||| |General fund||(598)|(598)| |**TOTAL FUNDS**||(598)|(598)| |Net movement in funds, included in the above are as follows:|||| ||Incoming|Resources|Movement| ||resources|expended|in funds| ||£|£|£| |**Unrestricted funds**|||| |General fund|45,169|(45,767)|(598)| |**TOTAL FUNDS**|45,169|(45,767)|(598)| ## **6. RELATED PARTY DISCLOSURES** There were no related party transactions for the period ended 31 March 2025. Page 6 **Wat Mongkhonwararam UK** **Detailed Statement of Financial Activities for the Period 1 April 2024 to 31 March 2025** £ |**INCOME AND ENDOWMENTS**
**Donations and legacies**
Donations
Religious activities
**Total incoming resources**
**EXPENDITURE**
**Charitable activities**
Event expenses
Donation
Food & drink
Travel
Visa fees
Petty cash
**Support costs**
**Management**
Rates and water
Insurance
Telephone
Postage and stationery
Training
Repairs
General expenses
Accounting fee
Subscriptions
Total resources expended
**Net income**|20,053
25,116| |---|---| ||**45,169**| ||100
4,156
6,637
5,075
4,800| ||**20,768**
4,144
3,034
355
272
1,915
11,960
2,501
600
218| ||**24,999**| ||**45,767**| ||**(598)**| This page does not form part of the statutory financial statements Page 7 ## Signature Certificate Document completed by all parties on 01/15/2026 @ 10:39 EST Document ID: 6968f65e1659fe001f3ecf04 ## Sender information Sent On: 01/15/2026 @ 09:14 EST Timezone: Eastern Standard Time Sender: Mrs Arrada Sewell info@sterling-accounting.co.uk Sender IP: 82.37.201.157 Signer Mrs Ninlawan Hawkins watmongkhon.uk@gmail.com Received: 01/15/2026 @ 09:14 EST Viewed: 01/15/2026 @ 09:20 EST Signed: 01/15/2026 @ 10:39 EST Signature IP: 109.180.139.248 Page 10 of 10