WAT BUDDHARAM (LONDON)

Registered charity 1109531 · accounts filings on the Charity Commission register

To advance Theravada Buddhism, in particular, but not exclusively, through teaching and instructing the public in the transitions, practices and beliefs of Theravada Buddhism and through the provision, maintenance and support of a temple and residential centre for Bhikkhus (monks).

Objects

THE OBJECTS OF THE ASSOCIATION ('THE OBJECTS') ARE:A) FOR THE PUBLIC BENEFIT TO ADVANCE THERAVADA BUDDHISM, IN PARTICULAR, BUT NOT EXCLUSIVELY, THROUGH TEACHING AND INSTRUCTING THE PUBLIC IN THE TRADITIONS, PRACTICES AND BELIEFS OF THERAVADA BUDDHISM AND THROUGH THE PROVISION, MAINTENANCE AND SUPPORT OF A TEMPLE AND RESIDENTIAL CENTRE FOR BHIKKHUS (MONKS); 2) TO ADVANCE THE EDUCATION OF THE PUBLIC IN THE TRADITIONAL LANGUAGES, FESTIVALS AND SOCIAL VALUES OF THAILAND; AND3) THE PROVISION OF GRANTS OR SCHOLARSHIPS FOR STUDENTS IN FINANCIAL NEED LIVING OR STUDYING IN ANYWHERE WITHIN THE AREA OF BENEFIT.

Area of benefit: ENGLAND AND THAILAND

The charity’s charitable objects and area of benefit, quoted from its governing document as held on the Charity Commission register.

Causes: General Charitable Purposes · Education/training · Religious Activities · website · Get email alerts

Latest income
£699k
Latest spending
£113k
Registered
2005
Accounts read
FY2025

Financial health, per its FY2025 accounts

The accounts state that the charity achieved a net surplus of £105,270 and realized a gain of £481,120 from the disposal of a freehold property. However, free unrestricted reserves decreased significantly to £24,661, which the trustees consider prudent to maintain for working capital and future objectives. The charity remains a going concern with sufficient resources for the next 12 to 18 months.

Automated summary of the FY2025 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Reserves position: below the charity's own stated reserves policy (held: £25k; policy: adequate level of unrestricted reserves to cover the Charity’s contractual commitments and provide sufficient working capital and to accumulate funds towards the costs of achieving future objectives)
“The unrestricted funds not designated or invested in tangible fixed assets held by the charity are £24,661 (2024 - £281,696).” — page 5
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: Trustee Danny General Building Limited is a major shareholder in the company to which the charity paid £96,000 for renovation of the temple building.
“During the year, the charity paid £96,000 for renovation of the temple building to Danny General Building Limited where one of the Trustees is a major shareholder in the company.” — page 19
“Ven. Phramaha Somchai Wirawat and Ven. Phramaha Nikom Singlow, who are Trustees of the Charity, reside within accommodation at the temple rent free, as part of their duties as Buddhist monks.” — page 19
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: Trustees Ven. Phramaha Somchai Wirawat and Ven. Phramaha Nikom Singlow reside in temple accommodation rent free.
“During the year, the charity paid £96,000 for renovation of the temple building to Danny General Building Limited where one of the Trustees is a major shareholder in the company.” — page 19
“Ven. Phramaha Somchai Wirawat and Ven. Phramaha Nikom Singlow, who are Trustees of the Charity, reside within accommodation at the temple rent free, as part of their duties as Buddhist monks.” — page 19
Per its FY2025 accounts as filed with the Charity Commission.

Accounts independently examined (not a full audit). Discloses 5 of 6 completeness components.

Policies the charity declares

In its annual return the charity told the Commission that it has the policies listed below. This is self-declared: it is not verified by the Commission or by this site, and it is not evidence of how a policy works in practice.

Structured financials (annual return, FY ending 31/03/2025)

Total income
£699k
Total spending
£113k
Cost of raising funds
£23k
Reserves (reported)
£25k
Employees
0

Reported reserves equal ~2.6 months of spending — below the median for charities its size (median 5.2 months; benchmarks).

Per its annual return, largest income source: Other (69% of income) — components as reported reconcile to the return’s total income; not from the accounts narrative.

Per its annual return, cost of raising funds: 3.3% of total income — below the median for charities its size (4.9%) (benchmarks).

Trustees · trustee networks

Trustee list from the Charity Commission register (current, not historical).

Operates in: Throughout England And Wales

Income and spending

Financial year endIncomeSpending
31/03/2025£699k£113k
31/03/2024£172k£112k
31/03/2023£124k£79k
31/03/2022£118k£77k
31/03/2021£16k£31k

Common questions

Is WAT BUDDHARAM (LONDON) financially healthy?

Per its FY2025 accounts: The accounts state that the charity achieved a net surplus of £105,270 and realized a gain of £481,120 from the disposal of a freehold property. However, free unrestricted reserves decreased significantly to £24,661, which the trustees consider prudent to maintain for working capital and future objectives. The charity remains a going concern with sufficient resources for the next 12 to 18 months. Its FY2025 accounts were independently examined.