**WAT THAI BRBRIGHTON** **REGISTERED CHARITY NUMBER: 1195220** ## **Report of the Trustees and** ## **Unaudited Financial Statements** ## **for the Period 1 May 2023 to 30 April 2024** ## **for** ## **WAT THAI BRIGHTON** ## **Sterling Accounting & Partners** Licensed Accountants (AAT) 2430/2440 The Quadrant, Aztec West, Almondsbury, Bristol, BS32 4AQ Email: info@sterling-accounting.co.uk **WAT THAI BRBRIGHTON** **Contents of the Financial Statements for the Period 1 May 2023 to 30 April 2024** ||**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 THAI BRIGHTON** **Trustees’ Annual Report For the Period 1 May 2023 to 30 April 2024** ## **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 May 2023 to 30 April 2024. 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** On January 31, 2024, the temple appointed new trustees to strengthen its leadership team. Venerable Khammuean Niwatchai took the position of Trustee and Vice Chairman, Mr. Kevin Elliott assumed the role of Trustee and Treasurer, and Mr. Chris Warman was appointed as Trustee and Secretary. In addition, the temple has planned to move and settle into new premises within 2024, ensuring a better space for religious activities and community engagement. This year, the temple attracted more participants to its religious activities, including festivals and other events. This increase in engagement led to a slight rise in donations compared to the previous year. Looking ahead, the temple remains committed to expanding religious activities that appeal to the community and fostering a stronger sense of togetherness in the local and surrounding areas. ## **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** 1195220 **Principal address** ## **Trustees** Venerable Aren Alexander (appointed 15.11.2022) Mr. Kevin Elliott (appointed 31.01.2024) Kesorn Stevens (appointed 14.09.2024) Venerable Khammuean Niwatchai (appointed 31.01.2024) Mr. Chris Warman (appointed 31.01.2024) Nantana Mears (appointed 14.09.2024) ## **Independent Examiner** Licensed Accountants (AAT) Sterling Accounting & Partners 2430/2440 The Quadrant, Aztec West Bristol BS32 4AQ Approved by order of the board of trustees on 22 January 2025 and signed on its behalf by: eSigned by: 1) . . . . . . . . . . . . . . . . . . . . . . . . . . (Mr. Kevin Elliott - Trustee) 02/13/2025 @ 16:23 UTC eSigned by: 02/13/2025 @ 18:01 UTC 13/02/2025 2) . . . . . . . . . . . . . . . . . . . . . . . . . . (Mr. Chris Warman - Trustee) Page 1 **Independent Examiner's Report to the Trustees of** ## **WAT THAI BRIGHTON** ## **Independent examiner's report to the trustees of WAT THAI BRIGHTON** I report to the charity trustees on my examination of the accounts of WAT THAI BRIGHTON (the Trust) for the period 1 May 2023 to 30 April 2024. ## **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 examination of the Trust's 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 (Mrs. Arrada Sewell) BSc (Hons) Acc. and Finance, Licensed Accountants (AAT) 2430/2440 The Quadrant, Aztec West Bristol BS32 4AQ **Date:** 22 January 2025 Page 2 **WAT THAI BRIGHTON** ## **Statement of Financial Activities** ## **for the Period 1 May 2023 to 30 April 2024** |**INCOME AND ENDOWMENTS FROM**
Notes
Donations and legacies
**1**

**EXPENDITURE ON**
**Charitable activities**
Religious activities
Other
**Total**
**NET INCOME**
Total Funds Brought Forward
**TOTAL FUNDS CARRIED FORWARD**|Unrestricted
fund
£
48,096
7,700
39,524
**47,224**
872
19,691
**20,563**| |---|---| The notes form part of these financial statements Page 3 **WAT THAI BRIGHTON** ## **Statement of Financial of Position (Balance Sheet)** At 31 April 2024 |Notes
**ASSETS**
**Non - current assets**
Tangible assets
**3**
**Current assets**
Cash at bank
Cash in hand
**LIABILITIES**
Creditor amounts falling due within one year
**4**|**30-Apr-24**
Unrestricted
fund
£
5,167
**5,167**
10,400
4,996
-
|**30-Apr-23**
Unrestricted
fund
£
4,563| |---|---|---| |||**4,563**
10,330
5,467| |||(600)| |**TOTAL ASSETS LESS LIABILITIES**|**20,563**|**19,691**| |||| |**NET ASSETS**|**20,563**|**19.691**| |**FUNDS**
**5**
Unrestricted funds|
20,563|
19,691| |**TOTAL FUNDS**|**20,563**|**19,691**| The financial statements were approved by the Board of trustees and autherised for issue on 22 January 2025 and were signed on its behalf by: 1) . . . . . . . . . . . . . . . . . . . . . . . . . . (Mr. Kevin Elliott - Trustee) 2) . . . . . . . . . . . . . . . . . . . . . . . . . . (Mr. Chris Warman - Trustee) The notes form part of these financial statements Page 4 **WAT THAI BRIGHTON** ## **Notes to the Financial Statements for the Period 1 May 2023 to 30 April 2024** ## **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. Freehold buildings - over 50 years Leasehold land and buildings - over the lease term Plant and machinery - Over 5 years Fixtures, Fittings, tools and equipment - over 5 years Motor vehicles - over 5 years Computer and Equipment - over 5 years ## **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 30 April 2024. |**NET BOOK VALUE**
At 30 April 2024
At 1 May 2023
**3.**
**TANGIBLE FIXED ASSETS**

**COST**
At 1 May 2023
Additions
At 30 April 2024
**DEPRECIATION**
At 1 May 2023
Charge for year
At 30 April 2024|5,167
4,563
Office and
Equipment
£
5,757
2,062
7,819
1,195
1,457
2,652| |---|---| Page 5 continued... **WAT THAI BRIGHTON** ## **Notes to the Financial Statements - continued for the Period 1 May 2023 to 30 April 2024** ## **4. MOVEMENT IN FUNDS** |**MOVEMENT IN FUNDS**||| |---|---|---| |**Unrestricted funds**
General fund
**TOTAL FUNDS**
Net movement in funds, included in the above are as follows:
**Unrestricted funds**
General fund
**TOTAL FUNDS**|Incoming
resources
£
48,096|Net
movement
At
in funds
£
30.4.24
£
(1,676)
(1,676)| |||(1,676)
(1,676)| |||Resources
expended
£
Movemen
in funds
£
(47,224)
872| ||48,096|(47,224)
872| ## **5. RELATED PARTY DISCLOSURES** There were no related party transactions for the period ended 30 April 2024. Page 6 **WAT THAI BRIGHTON** **Detailed Statement of Financial Activities for the Period 1 May 2023 to 30 April 2024** £ |**INCOME AND ENDOWMENTS**
**Donations and legacies**
Donations
Religious activities
**Total incoming resources**
**EXPENDITURE**
**Charitable activities**
Event expenses
Food & drink
Travel
**Support costs**
**Management**
Light and heat
Insurance
Telephone
Postage and stationery
Repairs
Rent
Cleaning
General expenses
Donations
Depreciation
Travel
**Finance**
Bank charges
Total resources expended
**Net income**|5,903
42,193| |---|---| ||48,096| ||7,700
4,031
8,453| ||**20,184**
1,636
208
2,628
688
339
14,400
420
1,328
1,528
1,457
2,159| ||**26,791**
249| ||**27,040**
**872**| This page does not form part of the statutory financial statements Page 7 ## Signature Certificate Document completed by all parties on 02/13/2025 @ 11:23 EST Document ID: 67accb9cda5d79001e6ee205 ## Sender information Sent On: 02/12/2025 @ 11:26 EST Timezone: Eastern Standard Time Sender: Mrs Arrada Sewell info@sterling-accounting.co.uk Sender IP: 109.175.196.81 ## Signer Kevin Elliott watthaibrighton2022@gmail.com Received: 02/12/2025 @ 11:26 EST Viewed: 02/13/2025 @ 11:23 EST Signed: 02/13/2025 @ 11:23 EST **----- Start of picture text -----**
Signature
IP: 172.224.224.19
Location: London, United Kingdom
**----- End of picture text -----**
Page 10 of 10 ## Signature Certificate Document completed by all parties on 02/13/2025 @ 13:01 EST Document ID: 67ae321aa52ec9001e4d9aba ## Sender information Sent On: 02/13/2025 @ 12:55 EST Timezone: Eastern Standard Time Sender: Mrs Arrada Sewell info@sterling-accounting.co.uk Sender IP: 109.180.69.221 Signer Mr. Chris Warman warman.chris@gmail.com Received: 02/13/2025 @ 12:55 EST Viewed: 02/13/2025 @ 12:59 EST Signed: 02/13/2025 @ 13:01 EST ## Signature IP: 109.146.62.166 Location: Banbury, United Kingdom Page 11 of 11