WAT BUDDHARAM (LONDON)
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.
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.
What the accounts disclose
“The unrestricted funds not designated or invested in tangible fixed assets held by the charity are £24,661 (2024 - £281,696).” — page 5
“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
“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
Policies the charity declares
- Bullying and harassment policy and procedures
- Complaints policy and procedures
- Engaging external speakers at charity events policy and procedures
- Financial reserves policy and procedures
- Internal charity financial controls policy and procedures
- Internal risk management policy and procedures
- Investing charity funds policy and procedures
- Safeguarding policy and procedures
- Serious incident reporting policy and procedures
- Social media policy and procedures
- Trustee conflicts of interest policy and procedures
- Trustee expenses policy and procedures
- Volunteer management
Structured financials (annual return, FY ending 31/03/2025)
Trustees
- PHRAMAHA SOMCHAI WIRAWATchair
- BOONRUK PHOSUWAN
- DARAVANH NOKEOKOUMAN
- IAN BUNKER
- Maung Maung Thein
- NAVY WOLLWEBER
- SUPHENPHAN INJAN
- THAVISACK NOKEOKOUMAN
- VEN. PHRA NIKOM SINGLOW
- VENERABLE WISANU KALINDA
- WORANUCH STEEL
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 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.