2020-12-31-accounts - Radha Soami Satsang Beas British Isles

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		Page
Charity information
Independent	auditors' report	2-3
Trustees' annual report		5-11
Consolidated	statement offinancial activities	13-14
Consolidated	balance sheet	15
Charity balance sheet
Consolidated	Cash flow statement	17
Notes to the	accounts	18-32

Unrestricted Funds
		Year ended	Year ended
		31December	31December
		2020	2019
	Notes
Income from:
Donations		3,082,433	6,830,025
Investment income	3	750,849	917,486
Other income			1,851,341
Charitabie activitiest
Education media	4	3,171	12,034
Information and education	5	947,000	947,613
Total income		4,783,453	10,558,499
Expenditure on:
Charitabie activities
Education media	4	5,593	10,458
Information and education	5	1,476,823	2,018,116
Donadons paid	6	2,050	16,136
Total expenditure		1,484,466	2,044,710
Net income for the year		3,298,987	8,513,789
Funds brought forward		38,282,149	29,768,360
Funds carried forward		41,581,136	38,282,149

			Unrestricted	Unrestricted	Funds
			Year ended		Year ended
			32 December	37December
			2020		2019
		Notes
Net movement	in funds for the year		3,298,987		8,513,789
Total gains recognised			3,298,987		8,513,789

					31December	31December
					2020	2019
				Notes
Fixed assets
Tangible fixed assets					51,914,006	49,732,920
Investments					2,618,245	2,618,245
					54,532,251	52 351 165
Current assets
Stock					40,296	39,123
Debtors				9	1,775,938	1,500,186
Cash at bank and in		hand			2,170,782	1,414,875
					3,987,016	2,954,184
Current liabilities:		amounts	falling due within one year	11	(2,022,097)	(2,044,288)
Net current	assets				1,964,919	909,896
Total assets					56,497,170	53,261,061
Creditors: amounts		falling	due more than after one year	12	(15,861,482)	(15,924,360)
Net assets					40,635,688	37,336,701
Represented	by:
Funds and reserves
Unrestricted	funds			13	41,581,136	38,282,149
Revaluation	reserve			14	(945,448)	(945,448)
Total funds	and reserves				40,635,688	37,336,701

					31December	31December
					2020	2019
				Notes
Fixed assets
Tangible fixed assets				7.1	33,534,246	32,002,286
Investments				8	7,826,731	7,826,731
					41,360,977	39,829,017
Current assets
Stock					40,296	39,123
Debtors				9	1,409,913	1,134,031
Cash at bank	and in hand				1,808,430	1,113,179
					3258639	2286 333
Creditors: amounts		falling due within one year		11	(992,936)	(1,072,649)
Net current	assets				2,265,703	1,213,684
Debtors: amounts		receivable	after more than one year	10	19,786,088	17,947,810
Creditors: amounts		falling due after more than one year		12	(15,861,482)	(15,924,360)
Net assets					47,551,286	43,066,151
Represented	by:
Funds and reserves
Unrestricted	funds			13	43,066,151	34,426,883
Net movement in funds for the year				13	4,485,135	8,639,268
Total funds	and reserves				47,551,286	43,066,151

					31December	31December
					2020	2019
				Notes
Net cash inflow from operating			activities	15	3,302,707	7,993,230
Cash flows from investing		activities
Interest received					124,350	124,850
Rents received					626,499	792,636
Payments to acquire tangible		fixed assets			(3,234,771)	(3,482,121)
Net cash outflow from investing			activities		(2,483,922)	(2,564,635)
Cash flows from financing		activities
Repayments ofloan					(62,878)	(6,548,331)
Interest paid
Net cash outflows from financing			activities		(62,878)	(6,548,331)
Net increase / (decrease)	in	Cash	and
Cash Equivalents					1,122,572	(1,119,736)
Cash and cash equivalents	at	the
beginning ofthe year					1,414,875	2,534,611
Cash and cash equivalents	at	the
end ofthe year					2,170,782	1,414,875
Cash and cash equivalents	consist		of:
Cash at bank and in hand				16	2,170,782	1,414,875

		Year ended	Year ended
		31December	31December
		2020	2019
Rental	income	626,499	792,636
Bank	interest	124,350	124,850
		750,849	917,486

4.	EDUCAT	ION M	EDIA INCOME AND COST	S
				Year ended	Year ended
				31December	31December
				2020	2019
	Education	media income		3,171	12,034
	Education	media costs		(5,593)	(10,458)
	Net (Cost)			(2,422)	1,576
5.	INFORMATION		AND EDUCATION
				Year ended	Year ended
				31December	31December
				2020	2019
	Information	and education income		947,000	947,613
				947,000	947,613

			Year ended	Year ended
			31December	31December
			2020	2019
Information	and education	expenses
Meeting related expenses			511,548	666,053
Depreciation			1,053,685	1,062,042
Repairs and	renewals		126,854	106,414
Finance charges			310,264	854,101
Foreign exchange losses /		(gains)	(530,425)	(676,594)
Audit fees			4,897	6,100
			1,476,823	2,018,116

DONATION PAID
	Year ended	Year ended
	31December	31December
	2020	2019
Donations paid	2,050	16,136
	2,050	16,136

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Charily
	Land &		Assets under	Equipment &
	Buildings	Tent	Construction	Furniture	Total
COST
As at 1 January 2020	35,869,588	1,213,286	2,372,154	560,754	40,015,782
Additions	854,985		1,185,672	269,261	2,309,918
As at 31December 2020	36,724,573	1,213,286	3,557,826	830,015	42,325,700
DEPRECIATION
As at 1 January 2020	6,462,462	1,046,229		504,805	8,013,496
Charge for the year	734,491	29,480		13,987	777,958
As at31December 2020	7,196,953	1,075,709		518,792	8,791,454
Net BookValue
As at 31December 2020	29,527,620	137,577	3,557,826	311,223	33,534,246
As at 31December 2019	29,407,126	167,057	2,372,154	55,949	32,002,286

	31December	31December
	2020	2019
As at I January	2,618,245	2,618,245
Reclassification
As at 31December	2,618,245	2,618,245

								Proportion of
					Counoy of			Voting Rights	Namre of
Name	o Com	n			~Re istration		~Holdin	d'r Shares Held	Business
RSSB	Soutball	Ltd.			England	Ordinary	Shares	100%	Property
									Management
Euron	Developments			Ltd.	England	Ordinary	Shares	100%	Property
									Management
Euron	Developments			(France) Ltd.	England	Ordinary	Shares	100%	Property
									Management
RSSB	CZ sro				Czech Republic		LLC	100%	Property
									Management
Athina	Moutalaski		SA		Greece	Ordinary	Shares	100%	Property
									Management

			31December	31December
			2020	2019
As	at	I January	7,826,731	7,826,731
As	at	31December	7,826,731	7,826,731

DEBTORS:amounts receiva	ble within one year	ble within one year
	Consolidated		Charily
	31December	31December	31December	31December
	2020	2019	2020	2019
Sundry debtors	1,723,934	1,483,486	1,360,934	1,118,001
Prepayments	52,004	16,700	48,979	16,030
As at31December	1,775,938	1,500,186	1,409,913	1,134,031

						Consolidated	Consolidated	Charity
					31	December	31December	31December	31December
						2020	2019	2020	2019
Amounts	owed	by	subsidiary	undertakings				19,786,088	17,947,810

CREDITORS: amounts falli	ng due within one year
	Consoli	dated	Charity
	31December	31December	31December	31December
	2020	2019	2020	2019
Trade creditors	30,483	53,127	41,278	195,154
Other creditors	1,991,614	1,991,161	951,658	877,495
As at 31December	2,022,097	2,044,288	992,936	1,072,649

CREDITORS: amounts falling due mo	re than atter one year	re than atter one year
	Consolidated		Charity
	31December	31December	31December	31December
	2020	2019	2020	2019
Loans payable after more than one year	15,861,482	15,924,360	15,861,482	15,924,360
As at 31December	15,861,482	15,924,360	15,861,482	15,924,360

		Consolidated	Consolidated	Charity
		31December	31December	31December	31December
		2020	2019	2020	2019
General reserve (Unrestricted	funds)
As at I January		38,282,149	29,768,360	43,066,151	34,426,883
Income		4,783,453	10,558,499	4,743,133	8,687,512
Expenditure		(1,484,466)	(2,044,710)	(257,998)	(48,244)
As at 31December		41,581,136	38,282,149	47,551,286	43,066,151

			Consolidated	Consolidated	Charity
			31December	31December	31December	31December
			2020	2019	2020	2019
As	at	I January	(945,448)	(945,448)
As	at	31December	(945,448)	(945,448)

			31December	31December
			2020	2019
Net income / expenditure	for the year		3,298,987	8513789
Non-operating income
Interest receivable			(124,350)	(124,850)
Rent received			(626,499)	(792,636)
Non-cash Adjustments
Depreciation charge for the	year		1,053,685	1,062,772
Decrease)/ (Increase) in stock			(1,173)	(4,472)
(Increase) / decrease in debtors			(275,752)	(225,998)
(Increase) / decrease in creditors			(22,191)	(435,375)
Net cash flow &om operating		activities	3,302,707	7,993,230

		At 1January	CashJIows	31December
		2020	2020	2020
Cash	at bank and in hand	1,414,875	755,907	2,170,782
Total	cash and cash equivalents	1,414,875	755,907	2,170,782

Entity		Type	Nos. ofshares	Value	Interest
RSSBSouthall Ltd.		Ordinary			100%
Euron Developments	Ltd.	Ordinary	100		100%
Euron Developments	(France) Ltd.	Ordinary	100		100%
Athina Moutataski SA.		Ordinary	6,471,448		100%
RSSB.CZ sro		Partnership	N/A	N/A	100%

BSSBSanrhal	l Ltd.
		31December	31December
		2020	2019
Income		211,738	266,338
Expenses		(211,790)	(269,417)
Net (loss)/gain	for the year	(52)	(3,079)

The aggregate ofthe assets, liabilities and deficit	s was:
	31December	31December
	2020	2019
Assets	1,451,215	1,516,816
Liabilities	(662,059)	(727,608)
Net (liabilities)/assets	789,156	789,208

Euron Developments Ltd.
	31December	31December
	2020	2019
	d
Income
Expenses	(161,835)	(164,745)
Net loss for the year	(161,835)	(164,745)

			31December	31December
			2020	2019
Assets			7,461,059	6,673,576
Liabilities			(7,588,927)	(6,639,609)
Net assets			(127,868)	33,967
Euron Developments		(Prance) Ltd. (consolidated)
			31December	31December
			2020	2019
Income			105,777	97,475
Administrative	expenses		(1,116,828)	54,517
Net gain/ (loss)	for the	year	(1,011,051)	151,992

The aggregat	e ofth	e assets, liabilities	and deficits was:
				31December		31December
					2020	2019
Assets					6,578,343	6,620,400
Liabilities				(10,922,634)		(9,953,640)
Net liabilities					(4,344,291)	(3,333,240)
Athlna Moutalashi		SA
				31December		31December
					2020	2019
Income					181,302	195,696
Administrative	expenses				(176,155)	(168,166)
Net income /	(loss)	for the year			5,147	27,530
The aggregate	ofthe assets, liabilities		and deficits was:
				31	December	31December
					2020	2019
Assets					4,446,146	4,420,214
Liabilities					(868,694)	(847,908)
Net assets					3,577,452	3,572,305

BSSBCZsro
		31December	31December
		2020	2019
Income
Administrative	expenses	(60,980)	(117,601)
Net loss for the	year	(60,980)	(117,60])

The aggregate ofthe assets, liabilities
	31December	31December
	2020	2019
Assets	575,681	590,721
Liabilities	(965,578)	(919,638)
Net liabilities	(389,897)	(328,917)