Radha Soami Satsang Beas
British Isles
Consolidated Report of the Trustees
and Audited Financial Statements
For The Year Ended 31 December 2024
Charity No: l 013061 (England and Wales)
Charity No.. SC050385 (Scotland)

Radha Soami Satsang Beas British Isles
CONTENTS
Page
Charity inforrnalion
Truslees, annual report
Independent auditors, report
10-12
Consolidated statement of financial activities
13-14
Consolidated balance she
Charity balance sheet
16
Consolidated Cash flow stalemeni
Notes to the accounts
18-34

Radha Soami Satsang Beas British Isles
CHARITY INFORMATION
REGISTERED CHARITY NO. 1013061
BOARD OF TRUSTEES
Mrs S Naidoo - Chairperson
Mrs L R M Davidson - resigned 31 December 2024
Mr D Paul
Mr M Mahtani - appointed l May 2024
Mr S Taggar
Mr S S Deo - resigned l May 2024
Mrs D Morar- appointed l January 2025
AIIDITORS
Jassal and Company
Chartered Accountants & Registered Auditors
Unit 2 Hatherton c.ourt
21 Hatherton Street
Walsall
WS4 2LA
BANKERS
National Weslminsler Bank plc
Black Lion14ouse
43 Whilechapel Road
London
EI IDU
LEGAL ADVISOR
Excel Law
Whilems Works
Ilford
IG6.IHJ
REGISTERED ADDRESS
Haynes Park
Church End
Haynes
Bedford
MK45 3BL

Radha Soami Satsang Beas British Isles
Trustees, Annual Report
For The Year Ended 31 December 2024
The Trustees subniit Iheir annual report and the audiled financial slalemen15 for the year ended 31 December
2024. The financial stalements have been prepared in accordance with applicable laws and regulations, Ihe
accounting policies set oul in noie I lo Ilie ac¢ounls and coiiiply iyiil) Ilie Cliarity s Trust Deed, The Charities
(Accounts and Reports) Regulations 2008, The Charities Aci 201 I, The Charilies and Trustee Inveslmenl
(Scotlandl Act 2005 and ihe Staiemenl of Recommended Practice- Accounting and Reporting by Charities..
SORP 2015 applicable to charities preparing iheir accounts in accordance with FRS 102.
Objectives and 4ctivities
Objectives
The Charity's main objective is lo advance the tenets and principles of thc Radha Soami faith as t2Ltght by
the Patron of the Radha Soami Colon), of Dera Baba Jaimal Singh Ji, Beas, Punjab, India for the spirilual
and moral advancement of humanity wiihout any distinction for caste, colour or creed and religion; and for
such oiher charitable purposes as may from lime to lime be determined by the Trusiees in consultation with
the Patron.
In the Indiiin languagye. Radha Soaini, means "Lord of the Soul" 5alsang describes a group ihal seeks truth.
Radha Soami is a path of spiritual development which slipulales a vegelarian diel, abslinence from
intoxicants, a moral way of life and ihe practice of daily meditation.
To suppon ils objectives the Charity is in contact with other charities with similar objectives and makes ils
premises available for holding meetings lo explain the Radha Soam i teachings. Rent is charged for making
these premises available for holding such meetings, sufficient lo cover ihe upkeep and maintenance of ils
properties to a suiittble slandard. From lime to time the Charity will acquire additional property or properties
in Ilie UK, Ireland and in Europe suitable for pursuing and extendin&¥ ils chariiable aclivities. The Charity
slipulales ihal no chhrbie should be made for attendinsj any meetings held al ils preinise5.
The Charity commissions. edits. publishes, and distribute5 lileraiure and other media relating to the Radha
Soami leachings for the benefit of any members of the general public who may be inleresled. The Charity
infornis its members and the public about its spiritual message by the distribution of ils lileralure and other
media and publishes a worldwide monihly magTazine, 'Spirilual Link" which is available on-line for free
download or in hardcopy by subscription al cost. The Charity siipervises the editorial ¢ontenl of manuscripts
on spirituality and religion for Spiritual Link and also plays an important role in the launch of new
publications on the Radha Soami teachings.
The Radha Soami teachings support the belief that the body is the temple of ihe living God and a precious
gift which can be used for the benefit of fellow human beings. Accordingly, the Charily infomjs and raises
awareness of the importance and merits of organ donations lo fellow human beings Ihrough the distribulion
of inforniative literature and promotional films.
The Charity works with the NHS from lime lo timc lo promote the importance ofgiviftg blood and organises
blood donations by its members and the public gencrally.
Public Benefit
The Trustees are aware of the Charity Commission's guidance on public benefit reporting as set oul in Seclion
17 of the Charitl¢s Acl 201 l and Section 7 of the Charities and Trustees Investment (Scotland) Act 2005.
The Trustees confim) that it5 objectives and activities of pr()moting Ihe spiritual and moral advancement of
humanity as described in this report are for the general benefit of ihe public.

Radha Soami Satsang Beas British Isles
Trustees, Annual Report
For The Year Ended 31 December 2024
Activities
Propei-lies
One of the primary activities of the Charity is lo acquire and develop properties and make them available to
oiher charities, with similar objectives. for (he purpose of holding meetinbFS where discourses on the Radha
Soami teachings are given.
The c.harity is pleased to report that meelings were held at all its available properties. In addition, in August
2024, evenls look place ai Haynes Park where discourses on the Radha Soami faith as well a5 Queslion and
Answer sessions were delivered by Ihe Patron.
Construction work ai the Charity's sile in East London was ¢ompl¢led in April 2024 and weekly meetings
are being held. The Lonsiruciion in Central London, Camden conlinued during the 2024 year and was
scheduled lo be completed in the firsl half of 2025.
Subsequent lo the successful conclusion wilh the granting of full planning perniission in 2021 for Ihe
construclion of a meeting hall lo replace Ihe temporary lent slru¢iure. the Charity, h&s moved inlo the
Construction phase with the appointment of professional teams in¢luding a projecl manager, main ¢onlraclors
and oiher professionals. The projeci remains on schedule and wiihin budgei.
During the year Ihe Charity acquired a property in Belgium and will make il available lo hold meetinb7s in
line wilh 115 charitable objectives.
All volunteers canying out this work are trained and siipervised to comply with the Charity'& Health &
Safety re¥ulalions.
The Charity owns propertie5 throughoul the United Kingdom al locations selected for their proximily and
convenience to local followers of the Radl)a Soami teachinbis and to anyone inleresled in learning) more about
the teachings.
The Trustees are confident that the development project and the property acquisitions will provide the
amenilies necessary lo hold meetings where the Radha Soami teachings are given.
In addition to its properties in the United Kingdom the Charity owns properties in Europe. In particular. the
Charity and ils subsidiaries now own properties in Reggio Emilia, Italy. Athens, Greece. Villeneuve, France
and in Prague. Czech Republic and Cyprus.
All these properties are used, or will be used when commissioned. solely for holding meetings where Ihe
Radha Soami teachings are explained and for other charilable activities connected with the Charity's
objectives.
Property acquisitions and refurbishment are funded by charitable donations, by bank loans and by loans
received from other charitable organi5aiions with similar objects.
As in pasl years, maintenance and improvement work continued lo be undertaken lo ensure that the Charity's
faciliiies, a￿ fit for purpose and to ensure compliance wilh the Health & Safety requirements at the Charity's
owned properties.
Publicalions
The Charity continues the project lo record and distribute audio book versions of key titles in ils range of
literature on the Radha Soami teachings. Fa¢ililies were made available for volunteers to make recordings
of various books. The projecl will contitkue into tlie foreseeable future.
New books. all relating to the Radha Soami teachings, were published and distributed during ihe year.

Radha Soami Satsang Beas British Isles
Trustees, Annual Report
For The Year Ended 31 December 2024
The ('harity continues lo publisl) and distribute a H'orldwide Inontlily magvazine. 'Spirilual Link" which is
available on-line for free download or in hardcopy by subscriplion al cost.
Organ blood donaiion
The Trustees were able to hold blood bank sessions in Seplember 2024. Inforn)aiion aboui orgarb donations
was dislribuled through literature and film preseniations al the event in August 2024.
Promoiion of both ihese core values will continue lo be key aciivities of ihe Charity into th¢ future.
2. Risk management
The Truslees have considered ihe major risks lo whi¢h the Charily and 115 subsidiary undertakings are
exposed and have satisfied ihemselves that systems or procedures are established in order lo manage those
risks.
The Trustees acknowlcdge their responsibility to manage risk associated wilh ihe aclivilies of the Charity
and ils subsidiary undertakings and during7 the year have considered the major risks Ihal may have a probable
or highly probable likelihood of occurring. The areas of consideration included gyovernance, operalions,
finances, environmental and exiemal factors lind Ihe Charity's compliance with laws and regulalions.
The Trustees identify risks using various processes. Risk assessments are used to conducl health and safety
reviews.
The Internal Audit function conducts periodic review5 lo check the effectiveness of the Control environment
and ensure compliance wilh policies and procedures. The Internal Audil team will be moniloring the
reporting involved with the lent replacement buildings as well as oiher projects as they arise.
During Ihe year. Ihe Truslees considered the risks associaied with contracls, acquisition, and development
of new premise5 in the Uniled Kingdom and in Europe, maintenance and refurbi5hmenl progrnmmes, loan-
finance and Changes in compliance reporting required by Financial Reporting Standards. These were
denlified as the principal risks and uncertainties facing the Charity and its subsidiary undertakings in the
year. The Trustees considered the impacl of these risks on the financial perforniance and position of the
Charity and its subsidiary undertakings and have implemented control systems to manage those risks, where
appropriate.
The Charity considered ils exwsure lo flucluaiions in the value of its foreign exchange denominaled loans.
Most of these loans were not expected to fall due for paymenl in the near terni and had been entered inlo,
lo fund property purchases. After due consultation the Charity decided nol to incur the expense of entering
into rolling foreign exchange contracts to cover liabilities with as yet undeterniined maturity dates.
Exposure lo potential losses arising from fluctuations in the value of foreign exchange denominaled loans
is expected to be miligated by appreciation in the value of assets purchased for long temi use.
Achievements and perform#nce
The Charity completed the refurbishment and improvement programmes planned for the year with the help
of tlie Charity's volunteers.
Conslrvclion work is on-going at the C.liarity's siles in Central London, Caniden and in Haynes Pmrk. The
Charity acquired a property in Cenlral London during the year as one of its primary activilies lo achieve its
objeclive. The Charity acquired a property in Belgium during the year.
The properties in Villeneuve, France and in Athen5. Greece are available for use as meeting halls.

Radha Soami Satsang Beas British Isles
Trustees, Annual Rcpnrt
For The Year Ended 31 December 2024
The Charity's siles in Reggio Emilia, Itkly. in Prague, Czech Republic and Nicosia, Cyprus serve exclusively
as venues for the advancement of ihe tenets and principles of the Radha Soami faith.
Refurbishment and improvement work will continue where necessary al other propertie5 owned by the
Charity in the UK and in Europe.
The Charity continued io support the promotion of organ donation by arranging for films to be shown and
leaflels lo be distributed at an annual event held al Hayne5 Park. The Charity coniinues lo promoie blood
donation in association with the NHS.
The Charity conlinues to promote and encourage the spiritual dimension of human life and also lo encourage
the mainlenance of a responsible, honest and healthy lifestyle and by so doing lo fulfil the objecliv¢ for
which il was fomied.
Flnanelal review
All donations received, in money or in kind, are entirely voluntary. Donations in kind are accepted only if
there is a genuine need for them and if approved by the Chairperson of Ihc Board of Trustees. Total income
for the year was £1.3.138.343 (2023 £3.952.501). Income froni donations was £10,776,331 (2023
£1,892,154). Income from investments was £1,102.352 (2023 £951,805).
The Charity distributed Books, Audio and Visual materials, giving inforn)alion aboul Ihe Radha Soami
teachings, free of charge lo other chariiies.
Infomialion and Education cosls of £1,618,072 (2023 £1,749,632) were incurred in providing and
mainlaining facililies al the C.Iiarity's properties including deprcciation, finance costs and foreign exchange
gains and losses. Finance costs the year of £92,567 12023 £119,773) represents inleresi on loans.
Unrealised foreign exchangpe g¥ains or {lossesl on tran51alion of loans and foreign CUr￿ncY 5ub5idiaries in Ihe
year amounled lo £42,25112023 £303,559). all of which relale to monelary ilems.
The Charity did not pay any remuneration to its Trustees. All volunteers provide their services free of charge.
There was a surplus of income over expenditure for the year of £11,502.740 (2023 £2,164,892). This has
been transferred to unrestricted reserves.
The consolidated balance sheet shows iotal nel assets of £60,701,037 {2023 £49.198.297). Fixed Assets
increased lo £60,878,69112023 £58,566.972) due to the acquisition of new properties and development of
it5 existing properties for the purp05¢ of charitable aclivities including holding meetings.
Accumulated general funds siood al £61,646,485 {2023 £50,143,745), all of which are unrestricied. Funds
are not held for any specific purpose and any major expenditure is funded out of general unrestricted funds.
The revaluation reserve ha5 been merged with the retained earning5 for the year, bul remains non-
dislributabl¢.
Since its fornialion in 1992. the Charity has seen ils aclivities grow significantly and has acquired a number
of properties in the UK and in Europe. Most of these acquisilions have been funded from inlernally generated
unrestricted funds, additional funding requiremenls provided by other charities. and by banks to support the
Charity's existing and growing long temi as5ei base.
The Charity is aware of Ihe potential foreign exchange exposure arising from the loans made to its Euro and
Czech Koruna denominated assels held solely for long ierni charilable purposes.
RSSB Southall Limited, Euron Developments Limited and Euron Developments (France) Limited are the
Charity's wholly owned UK subsidiaries, which own properties in Southall, East London and France
respectively. All these Companies are managed by a Board of Directors comprising ihree to four directors.

Radha Soami Satsang Beas British Isles
Trustees, Annual Report
For The Year Ended 3] December 2024
The Charity holds l 000/0 of the shares in Aihina Moutxlaski SA, a company registered in Gree¢e, and l OOO/o
interest in RSSB CZ sro, a Liniiled Liability Corporation regislered in the Czech Republic. These two enlilies
hold land and buildings in Ihe respeclive countries, which are or are intended to be used solely for charitable
activities, including holding weekly meetings.
Reserves Poliey
The Board of Trustees continues lo follow a policy of acquiring properties which will be used for ¢arrying
out tis charitable a¢tivities of holding meetings where discourses on the lenels of the Radha Soami teachings
are given. Iniiially. fLinds for Ihese PLirchases were provided out of the Charity's accLimulated reserves. ai)d
all of ils accumulated reserves have been deployed and fully ulilised in Ihe pursuil of its charitable objectives.
More recently the Charity has turned lo sourcing external finance for purchases of suitable properties to be
used solely for choriihble purposes.
The Charily is fulfilling its aims through careful purchases in preference to renting and will continue to
follow this strategy wh¢r¢ appropriate in the short lerni future.
The Board of Trustees continues lo keep ils policy under review.
6. Plans for future periods
The Charity will continue lo commission new literalure on the Radha Soami teachings. supervise the editorial
conient of Ihe worldwide magazine. Spiritual Link, and dislribule and donate book5. audio and visual
materials.
The Charity will continue lo place books with public organisalions and with those in most need of this
service.
The Charity will continue its work lo raise awareness and promoie organ and blood donalions.
The Charity will plan and carry out a¢livilies lo explain the Radha Soami teachingis and in doing so il will
explore ways lo improve ils exisling facilities where meetings ar¢ held, lo provide for the comfort, safety
and convenience of the general public who may wish lo altend.
The Charity will continue to develop a work plan for the construction of the building to replace ihe temporary
tent struclure currently used for the large meetings held annually at Haynes Park. This requires ¢on5ideration
of the financial. material and manpower resources as well as the timescales involved in such a major project.
The Charity will Continu¢ lo implemeni its programme of mainlenan¢e to improve the local Centre facilities
and lo keep the UK properties in a good slate of repair. The Charity will conlinue to develop the newly
acquired properties in the UK to make them suitable for holding weekly meelings.
The C.harity's strategic aim is to advanc¢ the Radha Soami teachings in the UK and in Europe and io utilise
ils wealth of experience in identifying. acquiring and developing properties and make them suitable for
holding weekly meetings and related charilable purposes.

Radha Soami Satsang Beas British Isles
Trustees, Annual Report
For The Year F.nded 31 December 2024
7. Structurei governanee and struelure of the Boxrd of Trustees
The c.harity was sel up under a Trust Deed on 22 July 1992, which is ils governing document. On 22
November 1999. Ihe Trustees registered the Cliarity under the name of "Radha Soami Sat$4ng Beas British
Isles" with Ilie Charity Comn)ission.
The Charity was registered by the Scottish Charity Regulalor (OSCR) on 20 January 2021,
The eslablishmenl of the Charity's Board of Truslees and tlie position of Palron are laid out in the Trust
Deed.
The Trustees currently setving on the Board of Trustees are noted on page l of this report.
Trustees serve for a lemi of six years and may be reappoinled for a further terni of six years. After serving
two consecutive lernis a Trustee can be eligible for reappoinlmenl after a break in office of not less than
three years. This restriction of reappoinlinenl does not apply 10 Ihree designated members of the Board
namely Chairperson. Secretary and Treasurer. The designated members are eligyible for reappoinlmenl ai the
end of their respective terms of O￿lCe by a resolution passed al a meeting of the Board of Trustees by a
simple majorily. A designated member cannot vol¢ for his or her own reappointment.
The Board of Trusiees collects details of potential candidates to serve a5 Truslee based on recommendation
from oiher Trustees. who are cncouragjed lo identify candidates with appropriate and relevant skills for future
selection and lo participale in Ihe Selection process. New Trustees are issued wilh a resource manual which
describes in full the dulles and responsibilities of Trustees. In addition, the Chairperson holds a briefing
session for the incoming Trustees.
The Board of Trnstees meets regularly lo dis¢uss and resolve policy issues arising from the activities of the
Charity. lo monitor the financial position And auihori5¢ capilal cxpendilure, and lo review and approve
proposals of the Strategic Review Group and Finance Review Group.
M4nwgemeDt
The Charity's headquarters is located al Haynes Park. The Board of Truslees have e51ablished standing
committees Wlth d¢legaled levels of auihorily lo oversee ils activities. These commillees are made up of
dedicated volunteers who meei regularly lo make recommendations lo the Board of Trustees for approval.
Editorial Review Group
The Edilorial Review Group consists of a leam of editors headed by the Chief Editor who guides authors in
Iheir research and preparation of articles on spiriluality and religion. The Group meets regularly io supervise
editorial content and puls forward proposals to the Board of Truslees for consideration and approval.
He4lth and Safety
The Trustees assigned the Health and Safety team with the responsibility for the design and development of
working practices for the protection of all volunteers at its various properties. These were duly approved by
the Board of Trustees and implemented.
The Charity's Nalional NHS Co-ordinator work5 closely with the National Health Service in promoling
blood donalions and in raising awareness of the importance of organ donations, so that these services are
delivered in a safe environment.
The Charity gives Health and Safety high priority in conducting its helivilies, particularly the programme of
refurbishing and developing properties. Health and Safety Liaison meeting5 are held regularly Ihroughout
the year fo allow the Nalional Health and Safety Officer to meet with representalive5 from all the properties,
sel standards, and receive feedback. The Charity adopls a practical approach io safeguard the environmenl

Radha Soami Satsang Beas British Isles
Trustees, Annual Report
For The Year Ended 31 December 2024
and ihe Nalional Health and Safely Officer works closely with the Sirategic Review Group in implemenling
Ihe Cliarity s environmental policy.
StrAtegic Review Group
The Strategic Review Group Consists of five volunteer Inembers, with relevant property managemenl
qualifications and experience and has the delegated auihority of the Board to manage all the C.harity's
properties. Responsibilities include the planning, development and co-ordination of new-build and
refurbi5hmenl programmes, ensuring that the Cllarity's properties comply with legislation and are suitable
for holding meetingTrs lo explain the Radha Soami lea¢hings and reviewing proposals for new property
a¢quisilions lo be used for carying out its charitable activities.
Finance Review Group
The Finance Review Group reports lo the Board of Trustees and is responsible for ihe supervision of the
rinancial affairs of the Charity. A team of volunteer qualified accountants and members wilh suitable finance
experience reviews expendilure against budgets approved by the Board of Trusiees and advises ihe Sirategic
Review Group on financial matters and makes recommendations to the Board.
Volunt¢¢rs
Almost every aspect of the Charity's affairs. incliiding ihe work al the C.harity's pr()perties. is carried oul by
volunteers, however where professional advice or specialist services beyond the Charity's own resoU￿eS are
required, then the appropriate services are bought in al best value.
Statement of Trustees, Responsibilities
The Trustees are responsible for preparing ihe Trustees, Annual Report and Ihe financial slalemenls in
accordance wilh applicable law and United Kingdom Generally Accepted Accounling? Practice.
The law applicable to charities in England and Wales requires the Trusiees lo prepare financial stalements
for each financial year which slive a true and fair view of the slate of affairs of the Charity and of the incoming
resources and application of resources of the c.harity for that year. In preparin& Ihesc financial 51atemenls
the Trustees are required to..
Select suitable accouniing policie5 and then apply them consistently,
Observe the meihods and principles in Ihe Charity SORP.
Make judgements and estimates Ihat are reasonable and prudent,
State wheiher applicable accounting slandards have been followed, Subje￿ lo any material
departures disclosed and explained in the financial stalemenls,. and
Prepare the financial staleni¢nt5 on lh¢ 80ing concem basis unless it is appropriate lo presume
that the Charity will continue in business.
The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy
at any time the financial position of the Charity and enable them lo ensure ihal the financial slalemenls
comply with Ihe Charilies Act 201 I, the Charity (Accounts and Reports) Regulalions 2008, the Charities
and Trustee Investment (Scoiland) Acl 2005 and the provisions of the tru51 deed. They are also responsible
for safe&Juarding the assets of the Charity and hence for taking reasonable steps for Ihe prevention and
detection of fraud and other l￿egularl11es.
The Trustees are responsible for the maintenance and integrity of ihe Charity and financial infornjation
available publicly.
The Tru5tee5 consider thal there are no material uncertAinties about the Charity's abilily to conlinue as
going Concern.

Radha Soami Satsang Beas British Isles
Trustees, Annual Report
For The Year Ended 31 December 2024
Sttht¢ment ¢0 our auditors
In so far as the Trustees are aware. Ihere is no relevant audit infornjation of which the auditors are unaware
and the Trustees have taken all steps that they ought to have taken lo n)ake themselves aware of any relevant
audit infornialion and establish that the auditors are aware of that informalion.
Auditors
The auditors, Ja55al and Company, were re-appointed in July ?024 and a resolution proposing iheir re-
appoinlment will be pul forward lo the Board al the next l)oard meeling.
This report was approved by the Board on
Mrs S Naidoo {Chairperson}

Report of the Independent Auditors to the Trustees of
Radha Soami Satsang Beas British Isles
Opinion
We have audited the consolidated financial slalemenis of Radha Soami Satsang Beas Brilish Isles for the
year ended 31 December 2024, which comprise the Consolidaled Sialemenl of Financial Activities,
Consolidated and parent Charity's Balance Sheets, Consolidaled Sialemenl of Cashflows and the relaied
accounting policies and notes. The financial reporting framework that has been applied in their preparation
is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard l 02:
The Financial Reporting Siandard applicable in the UK and Republic of Ireland (United Kingdom Generally
A¢¢epted Accountingi Practice).
In our opinion, Ihe financial slalemenis..
give a true and fair view of the stale of the gioup's and ihe parent Charity's affairs as ai 31 December
2024 and of the groiip's incoine and expendiliire for the year then ended:
have been properly prepared in accordance with Uniled Kin¥doni Generally Accepted Accounting
Practice in¢luding Financial Reporting Standard 102 'The Fin8n¢ial Reporting Standard applicable
in the UK and the Republic of Ireland. and
havc been prepared in accordance wilh ihe requirements of the Charities Act ?0 I l and Ihe Charilies
and Truslee Inveslmenl Iscoiland) Aci 2005 and regulation 8 of the C harities Accounts (Scoiland)
Regulations 2006 (as amendedl.
Basis for opinion
We conducted our audit in accordance with Inlemalional Standards on Auditing (UK) (ISAS {UK)) and
appliLable law. Our responsibilities under those standards are further described in ihe Auditor's
responsibilities for Ihe audit of the financial slatemenls section of our report. We are independent of the
Charity in accordance with the eihical requirements that are relevanl lo our audit of the financial slatements
in the UK. including the FRC'S Eihical Standard and we have fulfilled our otlier ethical responsi bililies in
accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and
appropriate lo provide a basis for our opinion.
Conclusions relaling to going concern
In audilinb Ihe financial stalemenls. we have concluded that the trustees, use of the going concern basis of
accounting in the preparation of the financial stalements is appropriale.
Based on the work we have perfomied, we have nol identified any material un¢ertaintie5 relating to events
or condition5 that, individually or collectively, may casl siginificanl doubt on the Cliarity's ability lo continue
as a going ¢on¢ern for a period of al least twelve months from when the financial statements are authorised
for issue.
Our re5ponsibililies and the responsibilitie5 of Ihe Iruslees with respect to going concern are described in the
relevant section5 of this report.
Other inforniation
The other iiifoTmalion comprises ihe inforniation included in the trustees, annual report other than the
rinaneial statemen15 and our Report of the Independent Auditors Ihereon. The Iruslees are responsible for the
other infomation coniained wiihin the annual report.
Our opinion on the financial 51alements does not cover the oiher infornialion and, except lo the extent
oiherwise explicitly slated in our report. we do not express any fomi of assurance conclusion thereon.
In conneciion with our audit of the financial stalements, our responsibility 15 to read the other infomalion
and, in doing so, consider whether the other information is materially inconsistent with the financial
statements or our knowledge obtained in ihe course of the audit or otherwise appears to be materially
misstated. If we identify such material inconsistencies or apparent material mis51atements, we are required
10

Report of the Independent Auditors to the Trustees of
Radha Soami Satsang Beas British Isles
to determine whether Ihis gives rise ro a material misstatement in the financial giaiemenls themselves. If,
based on the work we have perfomied. we conclude that there is a material niisstalemenl of this other
inforni21ion. we are required to report thal faci.
We have nothing io report in this regard.
MAtters on which we are required to repori by exception
In the light of the knowledge and understanding of ihe Charily and its environment obtained in the course of
the audit. we have nol identified nialerial mis51al¢iiienls in the Iruslees. aiinual report.
We have nothing 10 report in respect of the followin&7 matters in relation lo which ihe Charilies Act 201 l and
the Charities and ihe Charily Accounts (Scoiland) Regulations 2006 (as amended) requires us lo report lo
you if. in our opinion..
adequaie accounting records have not been kepl or returns adequate for our audit have not been
received from branches not visited by us.
the financial statements are not in agreement with the accounting records and relums.
certain disclosures of Iruslees, reniuneralion specified by law are nor niade,. or
we have not obtained all the infomation and explanations necessary for the purposes of our audit.
Re$pon5ibili¢ies of the trustees
As explain¢d more fully in the Sialement of Truslees Responsibilities, in the trustees annual report. the
Iruslees are responsible for the preparaiion of the financial slalements and for beinby satisfied that they give
a true and fair view. and for such internal control as Ihe trustees determine is necessary 10 enable the
preparation of financial slaiemenls thal are free from material misslalemenl, whether due lo fraud or error.
In preparing the financial slalemenls, the trustees are responsible for assessing the Ch8rity'5 ability to
continue as a going concern, disclosing, as applicable. matters related lo &Foin¥ concern and using the going
concern b&sis of accounting unless the trustees either intend lo liquidate the charity or lo ce&se operations.
or have no realistic alternative bul io do so.
Auditor's responsibilities for tht audit of the financixl 5tAtementS
Our objectives are lo obtain reasonable assurance aboul whether the financial statements as a whole are free
from material misslatenienl. whether due to fraud or error, and lo issue an auditor's report Ihal includes our
opinion. Reasonable assurance is a high level of assurance bul is not a guarantee Ihal an audit conducted in
accordance wilh ISAS {UK) will always dele¢1 a malerial misstatement when it exists. Misstatements can
arise from fraud or error and are considered malerial if, individually or in ihe aggregale, they could
reasonably be expected to influence the economic decisions of users taken on the basis of these financial
slatemenls.
Irregularities, including fraud, are instances of non-compliance with laws and regulation5. We design
procedures in line with OLtr re5ponsibililies, ouilined above, to dete¢l material misstalements in respect of
irregularilies. including fraud. The extenl lo which our procedure5 are capable of detecting irre8ularilies.
including fraud are set out below.
C4pability of the audit in detecting Irregularities
In identifying and assessing risks of material misstatement in respecl of irregularities, including frdud and
non-compliance with laws and regulations, our pm¢edures included ihe following..
We enquired of management, which included obtaining and reviewing supporting documenlalion,
concerning the charity's policies and procedures relating to..
Identifying, evaluating, and eomplying with laws and regulations and whether ihey were
awmre of any instances of non-compliance-
Detecting and responding to the risks of fraud and wh￿her they have knowledge of any
actual, suspected, or alleged fraud.

Report of the Independent Auditors to the Trustees of
Radha Soami Satsang Beas British Isles
We reviewed the Consolidalion process and tesled the entries to the results of the subsidiary
undertakings.
We obiailled an understanding of the legal and regulatory framework Ihal the Charity operates in,
focusing on those laws and re¥ulations Ihal had a malerial effect on ihe financial statements or Ihal
had a fundamental effect on ihe operalions of the charity from our professional and seclor
experien¢e.
We reviewed the financial slalemenl disclosures and lesled these lo supporting documenlation to
&ssess compliance with applicable laws and regulations.
We perforn)ed analytical procedures lo identify any unusual or unexpe¢led relationships that may
indicate risks of material misslatemenl due to fraud.
In addressing the risk of fraud through management override of controls. we iesled the
appropriateness of journal entries and oiher adjustments, assessed whether the judgements made in
making accounting estimates are indicative of a polenlial bias and lesled significant transactions
that are unusual or those outside the Iiormal course of the Charity's aclivilies.
Because of the inherent limitaiions of an audit, Ihere is a risk Ihal we will noi delect all irregularities,
including those leading to a material misstatement in the financial statements or noii-compliance with
regulation. This risk increases Ihe more that coinpliance wilh a law or regulaiion is removed from the events
and transactions reflected in the financial staiements. as we will be less likely lo become aware of instances
of non-compliance. The risk is also grealer regarding irregularilies occurring due lo fraud rather than error,
as fraud involves intentional concealment, forgery, collusion, omission or misrepresenialion.
A further description ofour responsibililies for the audii of the financial statements is located on the Financial
Reportins Council's website al.. www.frc.org.uk/auditorsresponsibilities. This description form5 part of our
Report of Ihe Independenl Auditors.
Use of our report
This report is made solely lo the Chariiy's Truslecs, as a body, in a¢¢ordance wilh Charities Act 201 l and
under Section 44{1) (c) of the Charities and Tru51ee Investment (Scoilandl Act 2005. Our audit work has
been undertaken $0 that we might stale lo the Charity's Trustees Ihose niatters we are required lo state to
Iheni in an auditors. report ai)d for no oiher purpose. To Ihe fullest extent perniitted by law, we do not accept
or assume responsibility lo anyone other tharb the c.harity and Ihe Charity's Trusi¢e5 as a body, for our audil
work. for this report, or for Ihe opinions we have formed.
Rajinder Jassal BA(Honsl FCA DChA (Senior Sialutory Auditor)
for and on behalf of Jassal and Company
Chartered Accounthnls & Registered Auditors
Unil 2 14atherton Court
21 Haiherton Street
Walsall
W¢st Midlands
WS4 2LA
Dale
12

Radha Soami Satsang Beas British Isles
Consolidated Statement of Financial Activities
(including Income and Expenditure Account)
For The Year F.nded 31 December 2024
Ilnrestricted Funds
Yeai. ended
leai. ended
31 December
31 Dec'ember
2Q24
2023
Noies
Income from:
Donations
Investment incoine
Chariiable ucilvilie5.'
Education media
Infomiation and education
10.776,-331
1.102,352
1,892.154
951.805
1,510
1.258.150
11.542
1,097,000
Totwl income
13,138,343
3,952.501
Expenditure on:
Charilable uclivilie.f
Education media
Infomialion and education
4,404
1,618.072
24,57.1
,749.632
Donailonspaid
13,127
13,404
TotAI expenditure
1,635,603
1,787,609
Net income for the year
11,502,740
2,164,892
Funds brought forward
49,198.297
47.033,405
Funds c*rried fonvard
60,701,037
49,198,297
13

Radha Soami Satsang Beas British Isles
Consolidated Statement of Financial Activities
(including Income and Expenditure Account)
For The Year Ended 31 December 2024
Con3'0lidaled SialcmL'nl of Tolal Recogni.fed Gain3 and Losses
For The Year Ended 31 December 2024
Unrestricted Funds
Yeai- ended
Yeai. ended
31 DeLembLr
JI December
2024
2023
Noles
Nel movemenl in funds for the year
11.502.740
2,164,892
Total gains recognised
11.502.740
2.164,892
All incoming resources and resources expended derive from conlinuing activities.
The attached notes fomi part of these accounts.
14

Radha Soami Satsang Beas British Isles
Consolidated Balance Sheet as at 31 December 2024
31 Deceinbei.
31 DeL'embei'
2024
2023
Noies
Fixed Wssels
Tanbyible fixed assets
Investments
60.878,691
2,618.330
58,566,972
2,618,330
63.497.021
61.185,302
Current assets
Stock
Debtors
Cash al bank and in hand
48,161
677,419
2,853.992
39.876
331,060
1.152.041
3.579.572
1,522,977
Current liabilities.. amounts falling dLbe within one year
{3,324.8611
(8.665,490)
Net current liabilitiesl assets
254,711
(7,142,513)
Total assets less current114bilities
63,751,732
54.042,789
Creditors: amounts falling due more Ihan after one year
12 (3,050.695)
{4.844,492)
Nel Assets
60,701,037
49.198,297
Represented by:
Fund$ and reserves
Reserves
13, 14
60,701,037
49,198,297
Total funds and reserves
60.701,037
49,198.297
The financial slalemenls were approved by the Board of Tnjsiees on a6 Qp.rn:9tr-.4a(￿ and were
Signed on its behalf by..
Mrs S Naidoo (Chairperson)
The attached notes forn) part of ihese accounts.
15

Radha Soami Satsang Beas British Isles
Charity Balance Sheet as at 31 December 2024
31 December
31 Dec'enibLJr
2f124
2023
'oles
Filed assets
Tangible fixed as5els
Inveslmenis
39,731,811
7,826.731
37,571,249
7,826,731
47,558,542
45.397,980
Current *S5ets
Stock
Debtors
Cash at bank and in hand
48,163
259,075
2.115,200
39,876
113,165
439.170
2.422.438
592.211
Credltors: amounts falling due within one year
1818.606)
(6,529,331)
Net current liabilitiesl Asse¢$
1.603,832
(5,937,120)
Debtor$'. amounis receivable after more than one year
10
23,257,833
23.427.738
Creditors.. amounts falling due after more than one year
12 (3,050,695)
(4.844.492)
Net assets
69.369,512
58,044,106
Represented by:
Funds and reserves
Unresiricted funds
Nel movement in funds for the year
13
13
58,044,106
11,325,406
55,423,924
2,620,182
Total funds and reseryes
69.369,512
58,044.106
The financial slalements were approved by Ihe Board of Trustees on
signed on its behalf by..
and were
Mrs S Naidoo (Chairperson)
The attached notes forni part of these accounts.
16

Radha Soami Satsang Beas British Isles
Consolidated Statement of Cash Flows for the year ended 31 December 2024
31 DeL'epnb¥r
311)ecember
2024
2Q23
loles
Net cash inflow from operating activities
15
5,756,215
9,195,654
Cash flows from invtsling *ctivSties
Interest received
Renis received
Payments lo a¢quire iangible fixed assets
115.035
101,866
987,317
847.9.38
(3.372,491) {5,184,286)
Iyet cash outflow from investing activities
{2.270.139) (4,232,482)
Cash flows from financing actlvities
R¢¢eipis from new long term loans
Transfer to CU￿ent Liabilities
Repayments of loan
1,783,450
(6.009,13.S)
(1.100,4301
1,784.1251
Net eash inflow l (outtlows) from financtng acllvltles
(1,784,125)
15,326,115)
et increase l {decregse) in Cash 4nd
C&sh Equivalents
1,701,951
{362,9431
Cash and cash equivalents at the
beginning of the year
,152.041
1.514,984
Cash and cash equivalents al the
end of the year
2,853,992
1,152.041
Cash and cash equivalents consist of:
Cash at bank and in hand
16
2,8.53.992
1.152.041

Radha Soami Satsang Beas British Isles
Notes To The Accounts For The Year Ended 31 December 2024
ACCOUNTING POLICIES
Basi& cjfpreparation
The financial slalemenls of the Charity. have been prepared under the historical cost convention in
accordance with the Financial Reporting Standard applicable in the UK and Ihe Republic of Ireland (FRS
102}, the Accountingy and Reporting by Charities.. Sialemenl of Recommended Practice applicable lo
charities preparing Iheir accounts in accordance wilh the Financial Reporting Standard applicable in the
United Kingdom and Republic of Ireland IFRS 102) Charities SORP IFRS I O?), the Charities Act 2011.
The Charities (Accounls and Reports) Regulations 2008 and the Charities and Trustee Inveslmenl
(Scotland) Aci 2005.
The Charity meets the definition of a publi¢ benefit eniity under FRS 102.
These financial siaiemcnls are prepared in Sterling, which is ihe funclional ¢urren¢y of the Charily.
Monetary amounts in Ihese financial statements are rounded to Ihe nearest £.
The principal ac¢ounting policies adopted in the preparalion of the finaiicial statements are set out below.
Groupfindneiul stulemehis
The financial statemenis con501idale the results of the Charity and its whol ly owned subsidiaries on a line.
by-line basis. A separaie Slatemenl of Financial Aclivilies and In¢omc and Expenditure A¢¢ouni for the
Charity has noi been presented.
Fund accounling
General funds are unresiricled funds, which are available for use at Ihe discretion of ihe Trustees in
furtherance of the general objeciives of the Charily and which have not been designated for other purposes.
Designated funds comprise unrestricted funds that have been sel aside by the TThslees for particular
purposes. No such tunds exist al the year-end. Reslricted funds are those funds which are lo be used in
accordance with specific instructions imposed by donors or which have been raised by the Charity for
particular purposes. There are no suLh fui)ds ai the year-end.
Investment income and g&ins are allocated to the appropriate fund. There are no such funds at ihe year-end.
Incoming resources
All income is recognised in the Stalen?enl of Financial Activities on¢e the Charity has enliilement lo ihe
funds. il is probable that the income will be received and the amount c4n be measured reliably.
Donaiions are accounted for in the period of receipt. No amounts are included in the financial sialemenis
for servi¢es donated by volunleers. No ineome is recognised when there is no financial cosl borne by a third
party. Donated asselslfacililies are included at the value lo Ihe Charity where this can be quantified. All
incoming reSOu￿e5 are included in the financial 51at¢ments when the Charity is legally enliiled io the income
and ihe amount Can be quanlified with reasonable accuracy. Donalions in cash are r¢cogni5ed when the
donation is received. Donalions under the Gift Aid sehemes are recogynised when they are received.
Investment income includes rental income and bank int¢re5t. Renlal and other income is ￿COgnised when
receivable. Bank interest is ￿￿gnised when received.
For legacies, entitlement is taken on a case by case basis as the earlier of the dale on which.. the Charity is
aware ihat probate has been granied, the eslale has been finalised and noiificalion has been made by the
executor(s) to the Charity that a distribution will be made, or when a distribution is received from the estate.
Receipt of a legacy. in whole or in part, is only considered probable when the amounl can be measured
reliably and the Charity ha5 been notified of the executor's intention lo make a distribution. If the legacy is
in the fom of an asset oiher than cash or an asset lisled on a recognised stock ex¢hang¢, executors are
requested to donate ihe cash equivalenl lo the Charity.

Radha Soami Satsang Beas British Isles
Notes To The Accounts For The Year Ended 31 December 2024
ACCOUNTING POLICIES {continiied)
For grants, income is recognised when there is evidence of enliilement lo the grant. receipt is probable and
ils amount can be measured reliably. Evidence of enliilement will USLtally exist when the fornial offer of
fundingi is communicated in wriling to the Charity. Grant income is recognised when ihe Charity incurs
eligible expendiiure io fulfil the grant's purpose. Unreslricled granls may be recognised upon receipt if
expenditure is expected to be in¢U￿¢d. Grant condilions and matching requirements musl be met before
income recognition.
Re¥ouree.f rtypended
Liabilities are recognised as expenditure as soon as there is a legal or conslruclive obligation committing
Ihe Charity lo ihal expenditure. it is probable thal a transfer of economi¢ benefits will be required in
selllemenl and the amount of the obligation can be measured reliably. Expenditure is accounted for on an
a¢cruals basis and has been classified under headings Ihal aggregate all ¢051 relaled lo Ihe category. Where
costs cannol be directly attributed to particular headingis they have been allo¢aled to aclivilies on a basis
con5iStenl with the use of resour¢es. Governance costs are those incurred in connection with adminislraiion
and compliance with constilulional and slatulory requirements. Costs associated with the charitable
activitie5 have been incurred directly in support of the objectives of the Charity.
Sioc'k
Stock of books, audio and visual materials are included al the lower of cost or nel realisable value. Donaled
items of books, audio and visual malerials are not in¢luded in the financial statements as Ihese are made
available free of charge.
Fired A&sel.s
(l) Land & BuildlnAIS
Land aiid buildings are valued al the lower of cost or valualion. Land and buildings are depreciated in order
lo write down the cost less esiiiiiated residual value over ihe e51imaled residual life by egual annual
inslalmenls. Depreciation has been ¢harged ai 20/0 per annum on strai¥ht line basis.
No deprecialion is charged on long leasehold land owned by the charity.
Equipmenl is capitalised and depreciated on a 250/0 ￿ducing balance method.
Tents are depreciated over Iheir expected useful life al 6 % per annum
Significant assets are amortlsed over their useful life. Assets under con51ruclion are held al cost and these
assels are not depreciated. On complelion, Ihe assels are transferred to Iheir respective class and the
deprecialion rate applicable lo their respe¢live class of assel is applied. Addilions or Improvements to land
and buildingTrs are capilalised. All repairs and renewals expenditure for the Land & Buildings is charged lo
the Income & Expenditure for the year in which incurred.
fll) Local Cenlres
Equipment for local Centres where meetings are held 15 written off in the year incurred.
(iii) Sot'ial Benefil
Land and buildings for which Ihe Charity receives rental income are staled al cost on the basis that these
properties are held for social benefit under FRS 102 para 16.3A.
(iv) Impairmenl
At each reporting period end, the Charity reviews the carrying amount of ils tangible fixed assets and
investmenls to detemiine wheiher there is any indicaiion thai Ihose assets have suff¢red an impaimienl loss.
Any impairnienl loss arising is charged to the statement of financial activities in the year lo which il relales.
19

Radha Soami Satsang Beas British Isles
Notes To The Accounts For The Year Ended 31 December 2024
ACCOUNTING POLICIES (continued)
Fired A&JelJ Inve51menls
Fixed assets investments are slated at cost or valualion. The Trustees perform a review of the carrying value
of ihe investment in the subsidiary undertaking lo reflecl the valuation of Ihe inveslmenls.
Going Conc'ern
At the lime of approving the financial statements, the Trusiees have a reasonable expe¢iaiion that the Charity
has adequate resources 10 ¢onlinue in operational exisien¢e for the foreseeable future. The validity of this
assumption is on the basis ihal the Trustees will monitor risks faced by the Charity and Ilial they consider
Ihal there are no material un¢ertainlies about the Charity's ability lo continue as a going concern. The
Trustees consider that ihere are no sources of estimation uncertainty ai the reporling dale that will have a
significanl risk of causing a material adjuslment to the carying amounts of asse15 and liabilities within the
nexl reporting period.
Financial inslrumenÉs
The Charity has elected to apply Ihe provisions of Section I I 'Basic Financial Instruments, and Section 12
'Other Financial Instruments Issues, of FRS 102 10 all of its financial instruments. Financial inslruments are
recog¥nised in the C.harily's balance sheei when the Charity becomes party to the contractual provisions of
Ihe in51rumenl.
Financial assets and liabilities are offset. with Ihe nel amounts presented in the financial statemenis. when
there is a leyally enforceable right lo sel off the recognised amounts and there is an inlenlion lo settle on a
net basis or lo realise the assel and seiile the liability simultaneously.
BaslLflnaK¢lal a.ssef.f
Basic financial asscls, which include debtors and cash and bank balances, are initially measured at the
Iransaclion price ineluding Iran5aclion cosls and are subsequently carried at amortised ¢051 using the
effective interest method unless the arrangement constitute5 a financing Iransaclion, where the Iransaction
is nieasured al the present value of the fulure receipts discounted at a market rate of interest. Financial assels
classified as receivable within one year are not amortised.
Clas.slflcatlon olfinancial Ilabiliil
Financial liabilities and equity instruments are classified according to ihe substance of the contractual
arrangements entered into. An equity inslrumenl is any contract that evidences a residual interest in the
asse15 of ihe company after deducting all of 115 liabilities.
Basicfinanclal liqbililie5
Basic financial liabilitie5, including creditors, and loans, are initially recognised at Ihe transaction price
unless the arrangement constilutes a financing transaction, where the debi instrument is measured al the
present value of ihe future paymenls discounted at a market rale of interest. Financial liabilities classified
as payable within one year aff not amortised.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course
of activilies from suppliers. Amounts payable are classified as current liabililies if payment is due within
one year or less. If noi, they are presented as non-current liabilities. Trade creditors are initially recognised
at transaction price and subsequenily measured at kmortised cost using the effeclive inleresl meihod.
Bormwing costs
Borrowing costs directly attributable lo the acquisition, construction, or production of a qualifying a55el are
apilalised as part of the asset's wsl. The amount of bomwing C051s eligible for capilalisalion is Ihe actual
cost incurred on specific bomwings less any investment income earned on the temporary investmenl of
those borrowings. Capitalisation cease5 when Ihe asset is substantially ready for ils intended use.
20

Radha Soami Satsang Beas British Isles
Notes To The Accounts For The Year Ended 31 December 2024
ACCOUNTING POLICIES (continued)
Foreign curreiiLies
Assets and liabililies in foreign currencies are translaled into sterling al the rates of exchange ruling ai ihe
balance sheet dale. Transactions in foreign currencies are translated into slerling at the rale of exchan&Fe
ruling al the dale of transaction. Exchange differences are laken into accouni in arriving ai ihe operaling
result and included in other comprehensive income when arising from overeas operations. Exchange
differences arising from transldtion of non-monetary assets are included in a foreign exchange reserve.
Lea.ie.f and liirepurchase
The Charily has leases in place for buildings ai which weekly meetings are held. The income from ihese
leases are included in the statement of financial aclivities in ihe period in which they are receiveable.
Judxemenls and ko> source.s of e.slimation untertalnty
In the applicalion of ihe Charity's accounting policies, the Trusiees are required io make judgements.
esiimaies, and assuillplions about ihe carrying amouni of asseis and liabililies Ihal are not readily apparent
from other sources. The eslimales and associated assumptions are based on hislorical experience and other
raclors Ihai are considercd to be relevanl. Actual results may differ from Ihese estimates.
The estimaies and underlying assumplions are reviewed on an ongoing basi5. Revisions lo accountin
eslimaies are reeob?nised in ihe period in which the estimate is revised where the revision affects only Ihal
period, or in the period of the revision or future periods where the revision affecls boih current and fuiure
periods.
INCOME TAX
The charity is exempl from income tax on ils chariiable aclivilie5.
INVESTMENT INCOME
Year ¥nded
Yeur ended
311)ecember
31 December
2024
2(123
Rental income
Bank interest
987,317
115.035
847,938
103,866
.102,352
951.805
21

Radha Soami Satsang Beas British Isles
Notes To The Accounts For The Year Ended 31 December 2024
EDUCATION MEDIA INCOME AND COSTS
Y¢ai' ended
Yeai. ended
31 De<'emhei'
31 D¢c'¥mbvr
2(124
2023
Education media income
Education media costs
1.510
(4,404)
11,542
124,573)
Nel (Cost)
(2,894)
(13.031)
INFORMATION AND EDUCATION
Yeai. endL
Year endttd
31 December
31 Ik?ceniher
2(J24
2n23
Infomiation and education income
1,258.150
1,097.000
1,258,150
1,097,000
lear ended
Year ended
31 D¥cember
31 December
2024
2Q23
Infomiation and ¢du¢ation expenses
Meeting related expense5
Depreciation
Repairs and renewals
Finance charges
Foreign exchange losses l (gains)
Audit fees
474,025
1,060,772
31,565
92,567
(42,251)
.394
622.01.3
1.160,725
149,277
119,773
(303,559)
1,403
1.618,072
1,749,632
22

Radha Soami Satsang Beas British Isles
Notes To The Accounts For The Year Ended 31 December 2024
DONATION PAID
Year ended
leai. elided
31 December
31 December
2024
2023
Donations paid
13,127
13,404
13.127
13,404
23

¢44

Radha Soami Satsang Beas British Isles
Notes To The Charity Statement of Financial Activities
For The Year Ended 31 Deeember 2024
7.1 TANGIBLE FIXED ASSETS
Chui'ily
Lund
Asseis tsndei.
-4114ipmeni &
Fui'nilui'e
B&ildings
7enl Cons'iriiLlion
7olal
COST
As 81 l January 2024
Addilions
Wriie oir
39,367,043
897.307
1,213,286
7.526,650
2,101,513
831,227
48.938.206
2.998.820
{1,213.286)
(1.21.3.286)
As al 31 December 2024
40,264,350
9,6?8,163
831.227
50,723,740
DEPRECIATION
As at l January 2024
Charge for the year
Wrile off
9.454,-132
805.287
1,213.286
699.338
32,972
11.366,956
838,259
{1.213,286)
(1,213,286)
As at 31 December 2024
10,259,619
732.-110
10,991,929
Net Book Value
As al 31 December 2024
30,004,731
9,628,163
98,917
39,731,811
As at 31 December 2023
29,912,711
7,526,650
131,889
37,571,249
Land & building.F." The Charity owns propertie5 located in the following regions.. Bedfordshire. Souihall;
Bimiingham- Leeds. Leicester. Derb).; Bolton- Coventry; Glasgow- R¢ggio Emili4 Iialy; Nicosia, Cypru5:
Camden, London.
A55ets under conjtrurtlon: This reflects on-going improvements to the infrastructure of the land and
buildings.
25

Radha Soami Satsang Beas British Isles
Notes To The Charity Statement of Financial Activities
For The Year Ended 31 December 2024
INVESTMF.NTS
Con.solidaled
OffJ¢e Blo¢k
Part of the property in Southall, the office block, is owned by RSSB Souihall Limifrd, a wholly owned
subsidiary of the Charity. The office block is leased lo a third party. This part of the property 15 classified
as an investmeni. 11 was valued by the Truslees at the year end.
Induslri41 Uni¢
The Charity owns Ihree properties in Birmingham classified as investments which are leased lo third parties.
In addition, the Charity has a lease for solar panels on its investment in Greece.
31 Dec'ember
311.)ecember
2Q24
21123
As ai l January
2.618,330
2,618,330
As al 31 December
2.618,330
2,618,330
The Charity carries out an annual review of ils invesimenls.
Details of Ihe inveslmenl in which the Truslees of RSSB British Isles hold more than l 00/0 of the nominal
value of any class of share capital is as follows..
Proporiio17 of
l oling Riglil.f
f(?Illlfry O
Noliirc li
in
RSSD Southall Lid.
England Ordinary Shgres
IOIP/o
Prop¢rty
Managemenl
F,uron Devcloprnents l.td.
EnglBnd Ordinxry Share5
IOOQ/o
Mana¥ement
Property
M&nag¢ment
prO￿rty
Management
Propen)
Managemenl
Euron Developments (France) Ltd.
England Ordinary Shares
l ￿(￿/0
RSSEI CZ sro
C£e¢h R¢public
LLC
IOIP/D
Athina Moutalaski SA
Ordinary Shares
loo%
26

Radha Soami Satsang Beas British Isles
Notes To The Charity Statement of Financial Activities
For The Year Ended 31 December 2024
INVESTMENTS (conlinued)
Charitii
31 December
31 December
2024
21123
As at l January
7.826.731
7.826.731
As al .1 l December
7,826.731
7,826,731
The Charity holds 2 ordinary shares of £ l each in RSSB Souihall Limited, which are held by the Trustee5
of Ihe Radha Soami Salsang Beas British Isles.
The Trustees of Radha Soami Salsang Beas British Isles holds 100 ordinary shares of £1 each in the
following Companies
l ) Euron Developmenis Lid.
2) Euron Developments (France) Lld.
The Cl)arily holds 6,723,881 ordiiiary shares of one Euro (El each in Athina Moulalaski SA. which are held
by ihe Trustees of Radha Soami Satsang Beas British Isl¢s,
DEBTORS: amounts receivable within one year
Consulidaled
C'harily
31 Dec'ember
31 Dec'ember
31 DeLemher 31 December
2(J24
2023
2024
2023
Sundry debtors
Prepaymenls
661,813
15,606
320.352
10,708
243.469
15,606
102,604
10,561
As at 31 December
677.419
331,060
259,075
113,165
27

Radha Soami Satsang Beas British Isles
Notes To The Charity Statement of Financial Activities
For The Year Ended 31 December 2024
io.
DEBTORS: amounts receivable afier more than one year
( oiisolidaled
Churily
31 December
31 DeL'Lmber
31 L)ecember 31 Decembei.
2024
2023
2n24
2023
Amounts owed by subsidiary undertakings
23,257,833
23.427,738
Ai 31 December 2024 the Charity had loans due from RSSB Souihall l.imited of £448,701 {2023:
£470.524), F.uron Developnienls Lid. of £11,501,097 (2023.. £11,195,136). Euron Developments (France)
Limited of £ l 0.147,915 12023.. £10,551,839) and RSSB.CZ.sro £l,160.120 (2023.. £1,210,240).
11,
CREDITORS: amounts falling due within one year
Consoliduled
C'harily
31 DeL'ember
31 L)e¢¥mbe
31 ljec'ember 31 Deeember
2024
2023
2024
2023
Trade Creditors
Other crediiors
417.605
2.907,256
331,475
8.334,015
294.093
524,513
290,718
6,238,613
As al 31 December
3.324,861
8.665,490
818.606
6,529,331
12.
CREDITORS.. arnounls falling due more than after one year
C onsolidaled
Churity
31 December
31 December
31 December 31 December
2024
2Q23
2024
2023
Loans payable after more than one year
3,050,695
4,844,492
3.050,695
4,844.492
As at 31 December
3,050,695
4,844,492
3.050,695
4,844,492
The group has received loans from other Charities with similar objectives lo ils own. The loans are subject
to loan agreements between Ihe Charity and ils lenders. The loans are unsecured. Repaymeni lern)s are up
to 5 years al inieresl rates ranging from O /0 to 60/0. The loans are renewable for further tenns by negotiation
al the prevailing interest rate.
28

Radha Soami Satsang Beas British Isles
Notes To The Charity Statement of Financial Activities
For The Year Ended 31 December 2024
13.
STATEMENT OF FUNDS
Consolidaled
Chai-ily
311)ecember
31 DeLembe
311)eL'ember 31 December
2024
2023
2024
2023
General reserve IUnre5tricled funds)
As al l January
Income
50,143,745
47,978,853
13,138,-34.3
3,952.501
(1,635,603) {1,787,6091
58,044.106
55,423,922
12,769,303
3,696,575
(1.443.897) (1,076,-391)
Expenditure
As ai 31 December
61,646,485
50,143,745
69,369,512
58.044,106
Non Distribulable reserve (no* 14)
(945.4481
{945,448)
As al 31 December
60,701,037
49,198,297
69,369.512
58.044,106
The General reserve represents Ihe free funds of the Charity, which are not designated for particular
purposes.
14.
NON DISTRIBUTABLE RESERVE
C'on.solidaled
Charily
31 Decemhei.
31 DeL'¥niber
31 Lk>Lember 31 Dec'ember
21)24
2023
2024
2023
As at l January
945.448
945.M8
As at 31 December
945,448
945,448
The consolidated revaluation reserve disclosed an amount of £945,448 in the balance sheet relating to ihe
Charities, invesln)enls. In h¢wrdance with FRS 102. Ihe revalualion reserve has been moved to a non-
dislributable reserve within retained earnings.
29

Radha Soami Satsang Beas British Isles
Notes To The Charity Statement of Financial Activities
For The Year Ended 31 December 2024
15.
RECONCILIATION OF NET INCOME I (EXPENDITURE) TO NET CASH FLOW
FROM OPERATING ACTIVITJES
31 Dec'ember
31 Dec'ember
2024
2n23
Iyet income l expenditure for the year
Non-operating income
nleresl receivable
Rent received
Non-cash Adjustments
Depreciaiion charge for ihe year
Decrease)l (Increase) in stock
{In¢rease) I decrease in debtors
Ilncrease) / decrease in creditors
11,502.740
2,164.892
{115,035)
(987.317)
1103,866)
1847.938)
1,060.772
(8.2871
(346.359)
{5,350,299)
1,160,725
{9,713}
188,969
6,642,585
Nel cash flow from operating aclivilies
5.756,215
9.195.654
16.
ANALYSIS OF CASH AND CASH EQUIVALENTS
Ai l .lunuury
2024
Ccishflolvs
2024
31 L)eLembei'
2n24
Cash at bank and in hand
1,152.041
1,701,952
2,853.992
Tolal cash and cash equivalents
1,152,041
1,701.952
2,853,992
30

Radha Soami Satsang Beas British Isles
Notes To The Charity Statement of Financial Activities
For The Year Ended 31 December 2024
17.
SUBSIDIARY UNDERTAKINGS
The Trustees of Radha Soami Saisan¥ Beas British Isles have the following share holdings at 31 December
2024:
Enlity
Type
Nos. of sh&res
Value
nteresl
RSSB Southall Ltd.
Ordinary
£1
I OOO/o
Euron Developments Ltd.
Ordinary
100
£1
loo%
Euron Developmenis (France) Lld.
Ordinary
100
£1
Aihina Moulalaski SA.
Ordinary
6,723,881
loo%
RSSB.CZ sro
Partnership
N/A
NIA
Subsidiaries, accounts are fully consolidaied and all intra-group balances, transactions. income and
expenses are eliminated on consolidation.
17.
SUBSIDIARY COMPANIES
RSSB Sciuthall Lld.
311)ec'ember 31 December
2024
2023
Income
Expenses
226,508
(224.427)
231,558
(231,670)
Nel profiV(loss) for the year
2,081
{112)
The aggregate of the assets, liabilities and deficits was..
31 Dec'ember 31 December
2024
2023
Assets
Liabilities
.558,132
(785.891)
1,458.187
(688,027)
Net assets
772,241
770,160
31

Radha Soami Satsang Beas British Isles
otes To The Charity Statement of Financial Activities
For The Year Ended 31 Deeember 2024
17.
SUBSIDIARY COMPANIES (Conlinued)
Euron Deiielopmenls Lid.
311)ec'ember 31 Decembei.
2074
2023
Income
Expenses
186,726
{138.785)
26,712
{204.202)
Net profiV{loss) for the year
47,941
(177,490)
The aggregale of the assets, liabilities and deficiis was..
31 Dec¥fftber 31 Dec'emher
21)24
2Q23
Assets
11,164,400
10.807,873
(11,755,442) (11.446.856)
Liabilities
Net liabilities
(591,042)
(638,983)
Euron Developmenls (France) Lid. (consolldaledj
31 D¢c¥mber 31 Dec'embL
2024
2023
Income
Administrative expenses
591,325
{407,011)
570,267
1820,477)
Nel profit/{10ss) for the year
184.314
(250,210)
32

Radha Soami Satsang Beas British Isles
Notes To The Charity Statement of Financial Activities
For The Year Ended 31 December 2024
17.
,SUBSIDIARY COMPANIES (Conlinued)
Euron Deb?elopments (France) Ltd.
The aggregaie of the assels. liabilities and deficils was..
31 Dec'ember JJ Dec'enib¥r
2024
2023
Assels
Liabilities
6.140,271
6,103.101
{11.160,4681 {11.307,611)
Nei liabilities
(5.020,197) (5,204,510)
Aihina Moulalaskl SA
31 D¢iceinbvr 31 Decembc'r
2024
2Q23
Income
Adminislralive expenses
189,132
(135,327}
189,?69
{212.9741
Nel incomellloss) for the year
53,805
123.705)
The aggregate of the assets, liabilities and deficils was:
31 December 31 December
2(J24
2fj23
Assels
Liabilities
4.393,975
4,389.519
{1.101,602) (1,150,951)
Net a5se15
3.292,373
3,238.568
33

Radha Soami Satsang Beas British Isles
Notes To The Charity Statement of Financial Activities
For The Year Ended 31 December 2024
17.
SUBSIDIARY COMPANIES (Continued)
RSSB CZ sro
31 December 31 December
2024
2023
Oiher income
Administrative expenses
63,084
(29.713)
41,708
{40,608)
Nel income for the year
33.371
1.099
The aggregate of the assets. liabililies and deficits was..
311)eL'ember 31 Dec'ember
2n24
2n23
Assels
Liabilities
622,655
638,668
{1,160.856) (1.210,240)
Nei liabililies
(5.18,201 }
(571.572)
18.
RELATED PARTY DISCLOSURE
All related party transa¢tions are as follows..
Mrs S Naidoo (Chairperson), Mr S I'aggar, Mr M Mahtani and Mr V Gibbons are also directors of RSSB
Souihall Limited and Euron Dcvclopment5 Limiled. The Charity provided these companies with long-lemi
loans.
Mrs S Naidoo {ChaiTperson), Mr M Mahtani and Mr S Taggar are also directors of Euron Developments
(France) Limited. The Charity has inler-company balance5 With the company.
The Trustees noted on page I, are also related parties. There were no Iran5aclions between the Trustees, or
any persons connected lo them. and Ihe Charity.
34