Charity registration number: 1202315
THE THAI BUDDHIST SOUTH WEST TRUST (WAT PHRA SRI SANPHET) TRUSTEES' REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
The Thai Buddhist South West Trust (Wat Phra Sri Sanphet) Contents
| Page | |
|---|---|
| Reference and Administrative Details | 1 |
| Trustees' Report | 2—4 |
| Statement of Financial Position | 5 |
| Notes to the Financial Statements | 6 |
The Thai Buddhist South West Trust (Wat Phra Sri Sanphet) Reference and Administrative Details For The Year Ended 31 March 2025
| Trustees | Ven. Bhatsakorn Kota - Chair |
|---|---|
| Andrew Threader - Treasurer | |
| Richard Pringle - Secretary | |
| Christopher Gwenlan | |
| Kitti Tungmun | |
| Charity Number | 1202315 |
| Principal Address | Berkeley House |
| 14A Berkeley Gardens | |
| Keynsham | |
| Bristol | |
| BS31 2PN | |
| Accountants | The Alanbrookes Group Ltd |
| Chartered Accountants | |
| 24 The Glove Factory | |
| Holt | |
| Wiltshire | |
| BA14 6RL | |
| Bankers | Tridos Bank |
| Deanery Road | |
| Bristol | |
| BS1 5AS | |
| Barclays Bank | |
| Business Banking | |
| Leicester | |
| LE87 2BB |
Page 1
The Thai Buddhist South West Trust (Wat Phra Sri Sanphet) Trustees' Report For The Year Ended 31 March 2025
The trustees present their report and the financial statements for the year ended 31 March 2025.
Objectives and Activities
Aims and Objectives
Trust objectives
To promote the Theravada Buddhist faith for the public benefit of South West England and beyond, in particular but not exclusively by the following means:
-
Establishing a permanent temple where the Dhamma can be studied and taught and where meditation can be practised.
-
Providing support to Buddhist monks and nuns in their studies and pastoral duties.
-
Offering religious and spiritual support to the Buddhist and non-Buddhist laity.
-
Raising public awareness of Theravada Buddhism and Thai culture.
Public Benefit
No activities to report.
Structure, Governance and Management
Structure, governance and management:
The Thai Buddhist South West Trust (Wat Phra Sri Sanphet) is constituted as a Charitable Incorporated Organisation (CIO) registered with the Charity Commission in March 2023 under charity number 1202315 and governed by a Trust Constitution. The aim is that the CIO supersedes the existing, active Unincorporated Charity, The Thai Buddhist South West Trust registered with the Charity Commission in January 2017 under charity number 1171258. In order to do that the ownership of the property (Berkeley House) of the Unincorporated Charity needs to be transferred to the new CIO trust. Although the process is close to completion and, in practical terms, the transition will be seamless, the CIO is deemed not to have been active during the reporting period.
The Trust Constitution of the CIO follows the model structure provided by The Charity Commission and has the same objects as that of the original Unincorporated Charity. The CIO has the same board of trustees as the Unincorporated Charity and with no activities to date, there is nothing to report.
Organisational structure
The board of trustees has a Chair, a Secretary and a Treasurer. The maximum number of trustees is 7. All roles are entirely voluntary. Payments are not made to trustees, committee members or volunteers for the performance of their roles. Reimbursements of expenses have been made for car mileage and sundry purchases in compliance with the Financial Management Policy.
Recruitment and appointment of trustees
During the year covered by this report one trustee resigned, bringing the total number of trustees to four.
Induction and training of trustees
These responsibilities shall be assumed by The Thai Buddhist South West Trust (Wat Phra Sri Sanphet) when it becomes active.
Risk management
These responsibilities shall be assumed by The Thai Buddhist South West Trust (Wat Phra Sri Sanphet) when it becomes active.
Temple Wat Phra Sri Sanphet
No activities to report.
...CONTINUED
Page 2
The Thai Buddhist South West Trust (Wat Phra Sri Sanphet) Trustees' Report (continued) For The Year Ended 31 March 2025
Structure, governance and management: - continued
Use of Volunteers No activities to report.
Communications and the use of social media: No activities to report.
Religious and Cultural Activities No activities to report.
Memberships: No activities to report.
Principal Funding Sources No activities to report.
Gift Aid No activities to report.
Financial Control and Reporting No activities to report.
Financial Strategy and Review No activities to report.
Investment Policy and Objectives No activities to report.
Reporting of Serious Incidents No activities to report.
Key events in the Trust reporting year: No activities to report.
Statement of thanks and appreciation. No activities to report.
Future Plans No activities to report.
Page 3
The Thai Buddhist South West Trust (Wat Phra Sri Sanphet) Trustees' Report (continued) For The Year Ended 31 March 2025
Statement of Trustees' Responsibilities
The trustees 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 Practice).
The law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing the financial statements the trustees are required to:
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charity SORP;
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make judgments and accounting estimates that are reasonable and prudent; and
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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 which disclose with reasonable accuracy at anytime the financial position of the charity and to enable them to ensure that the accounts comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charity's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
The trustees' report was approved by the board of trustees and signed on its behalf by:
Ven. Bhatsakorn Kota Trustee 26 Jan 2026 Date
Page 4
The Thai Buddhist South West Trust (Wat Phra Sri Sanphet) Statement of Financial Position As At 31 March 2025
| Notes TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS OF THE CHARITY TOTAL FUNDS |
31 March 2025 Unrestricted funds £ - |
31 March 2024 Total funds £ - |
|---|---|---|
| - | - | |
| - | - |
On behalf of the board
| Ven. Bhatsakorn Kota | |
|---|---|
| Trustee | 26 Jan 2026 |
| Date | |
| The notes on page 6 form | part of these financial statements. |
Page 5
The Thai Buddhist South West Trust (Wat Phra Sri Sanphet) Notes to the Financial Statements For The Year Ended 31 March 2025
1. General Information
The Thai Buddhist South West Trust (Wat Phra Sri Sanphet) is a charitable incorporated organisation registered with the Charity Commission, registered charity number 1202315. The principal address is Berkeley House, 14A Berkeley Gardens, Keynsham, Bristol, BS31 2PN.
The charity promotes the Theravada Buddhist Faith for the public benefit of the South West of Englandand beyond.
The Thai Buddhist South West Trust (Wat Phra Sri Sanphet) was registered on the 13 March 2023 with the intentionof replacing the unincorporated charity The Thai Buddhist South West Trust (registered number 1171258).
Due to the time consuming process of transferring the assets, in particular the property, all trading activities have continued in The Thai Buddhist South West Trust (registered number 1171258).
The Thai Buddhist South West Trust (Wat Phra Sri Sanphet) will commence trading from 1 April 2025.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements 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 charity is a Public Benefit Entity as defined by FRS 102.
3. Average Number of Employees
Average number of employees during the year was: NIL (2024: NIL)
5. Transactions with Trustees
None of the trustees received any remuneration or any other benefits from an employment with the charity or a related entity during the current or previous year.
No trustee expenses have been incurred.
6. Related Party Disclosures
There have been no related party transactions in the reporting period that require disclosure.
Page 6
Issuer
The Alanbrookes Group/JS Weeks & Co
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Envelope generated with fingerprint e6f01e4ad7469adfd04216315b886fae (18.133.63.166) Document generated with fingerprint 2ed69925c78454612037a8a78566e09f. (18.133.63.166) Mr Ven. Bhatsakorn Kota has been assigned to this envelope. (18.133.63.166) Mr Andrew Threader has been assigned to this envelope. (18.133.63.166) Stacey Squire has been assigned to this envelope. (18.133.63.166) Envelope has been set to automatically remind the active signer every 7 day(s). (18.133.63.166) Envelope generated Sent the envelope to Mr Ven. Bhatsakorn Kota for signing Document emailed to party email Mr Ven. Bhatsakorn Kota viewed the envelope (82.132.213.184) Mr Ven. Bhatsakorn Kota signed the envelope (82.132.213.184) Sent the envelope to Mr Andrew Threader for signing (82.132.213.184) Sent the envelope to Stacey Squire for signing (82.132.213.184) This envelope has been signed by all parties (82.132.213.184) Signed document confirmation emailed to party email (82.132.213.184) Signed document confirmation emailed to party email (82.132.213.184) Signed document confirmation emailed to party email (82.132.213.184)
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