Charity number: 1052439
Sadhu Vaswani Centre
Trustees' report and financial statements For the year ended 31[st] March 2025
Sadhu Vaswani Centre
Contents
| Page | |
|---|---|
| Legal and administrative information | 1 |
| Trustees report | 2-3 |
| Independent examiners' report | 4 |
| Statement of financial activities | 5 |
| Balance sheet | 6 |
| Notes to the financial statements | 7-10 |
Sadhu Vaswani Centre
Legal and administrative information
| Charity number | 1052439 | |
|---|---|---|
| Principal address | 25 Cricklewood Lane | |
| London | ||
| NW2 1HP | ||
| Trustees | Gul Bhojwani | Trustee - resigned 12/09/2024 |
| Harish Wadhwani | Trustee | |
| Vandana Budhrani | Trustee – resigned 12/09/2024 | |
| Bhagwan Mirchandani | Trustee | |
| Balram Datwani | Trustee | |
| Geetanjali Mirpuri | Trustee | |
| Nirmala Jotwani | Trustee | |
| Accountants | Ash & Associates | |
| Chartered Accountants | ||
| First Floor | ||
| 1A Leadenhall Market | ||
| London | ||
| EC3V 1LR | ||
| Principal Bankers | National Westminster Bank plc | |
| 21 Golders Green Road | ||
| London | ||
| NW11 8EB |
Page 1
Sadhu Vaswani Centre
Report of the trustees For the year ended 31st March 2025
The trustees present their report and the financial statements for the year ended 31st March 2025. The trustees who served during the year and up to the date of this report are set out on page 1.
Structure, governance and management
Sadhu Vaswani Centre is registered with the Charity Commission (Registration number 1052439) and constituted by the trust deed dated 27[th] December 1995. The charity is organised with a board of trustees and an administrative committee which manages the day to day affairs of the charity. The trustees have assessed the major risks to which the charity is exposed, and are satisfied that the systems are in place to mitigate exposure to the major risks.
Objectives and activities
The objects of the charity are:
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The advancement of Hindu religion in accordance with the teachings of Sadhu T. L. Vaswani;
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The relief of poverty amongst the homeless and needy;
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The relief of sickness;
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The advancement of public education in art, culture, language and heritage of the people of Sindhi origin.
To meet this objective the charity seeks donations from individuals, industry and the government, which are allocated as donations and grants to help the charity to achieve its objects. There have been no changes in the charity's objects or policies during the year.
The Sadhu Vaswani Centre founded Little Lamps Nursery Ltd, a wholly owned subsidiary that in accordance with Rev. Dada J. P. Vaswani’s vision will operate a preschool nursery, which will instil moral and human values and imbue character, integrity, and compassion to the next generation. The Nursery was officially inaugurated by Dada J. P. Vaswani on 22nd September 2017.
Highlights of activities carried out during the year:
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Regular satsanghs
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Hot meals and snacks served to the homeless every Wednesday
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Annual distribution of blankets, gloves, thermal socks, scarves and other day to day essentials to the homeless on Sadhu T. L. Vaswani’s birthday in November
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Monthly “Silver Sunday” for elders
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Annual Vegetarian Food Festival
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Hosting Didi Krishna Kumari’s annual visit
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Gurukul and Sindhi Classes
Page 2
Sadhu Vaswani Centre
Report of the trustees For the year ended 31 March 2025
Financial review
The charity had net outgoing resources in 2025 of £12,427 (2024: £4,265 incoming) resulting in a total funds carried forward at 31[st] March 2025 of £2,332,698 (2024: £2,345,125).
Statement of trustees' responsibilities
The trustees are responsible for preparing the Trustees' Annual 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 charity and of the incoming resources and application of resources of the charity for that year. In preparing these 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 Charities SORP;
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make judgements and estimates that are reasonable and prudent;
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state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; 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 operation.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011 and the Charity (Accounts and Reports) Regulations 2015. 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.
On behalf of the board
Geetanjali Mirpuri Trustee
26[th] January 2026
Page 3
Sadhu Vaswani Centre
Independent examiner's report to the trustees on the unaudited financial statements of Sadhu Vaswani Centre.
We report on the accounts of Sadhu Vaswani Centre For the year ended 31st March 2025 set out on pages 2 to 10.
Respective responsibilities of trustees and independent examiner
As the charity's trustees you are responsible for the preparation of the accounts, you consider that the audit requirement of section 144 of the Charities Act 2011 (the Act) does not apply and that an independent examination is needed. It is our responsibility to examine the accounts under section 145 of the Act, to follow the procedures laid down in the General Directions given by the Charity Commission under section 145(5)(b) of the Act, and to state whether particular matters have come to our attention.
Basis of independent examiner's statement
Our examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently we do not express an audit opinion on the view given by the accounts.
Independent examiner's statement
In connection with our examination, no matter has come to our attention:
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(i) which gives us reasonable cause to believe that in any material respect the requirements: - to keep proper accounting records in accordance with section 130 of the Act; and - to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the Act have not been met; or
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(ii) to which, in our opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
........................................................... Ash & Associates
Chartered Accountants First Floor 1A Leadenhall Market London EC3V 1LR 26[th] January 2026
Page 4
Sadhu Vaswani Centre
Statement of financial activities For the year ended 31st March 2025
| Notes INCOMING RESOURCES Incoming resources from generated funds Voluntary income 2 Activities for generating funds 3 Investment income 4 Total incoming resources RESOURCES EXPENDED Charitable activities 5 Cost of activities for generating funds 6 Governance costs 7 Total resources expended NET (DEFICIT)/SURPLUS FOR THE YEAR RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
Unrestricted Restricted 2025 funds funds Total £ £ £ 58,047 - 58,047 14,995 14,995 5,403 5,403 78,445 - 78,445 49,625 - 49,625 5,821 5,821 35,426 35,426 90,872 - 90,872 (12,427) - (12,427) 2,345,125 - 2,345,125 2,332,698 - 2,332,698 |
2024 Total £ 35,743 15,140 779 |
|---|---|---|
| 51,663 | ||
| 17,753 6,917 22,728 |
||
| 47,398 | ||
| 4,265 2,340,860 |
||
| 2,345,125 |
All incoming resources and resources expended arise from continuing activities.
The notes on pages 7 to 11 form part of these financial statements
Page 5
Sadhu Vaswani Centre
Balance Sheet as at 31[st] March 2025
| Notes FIXED ASSETS Tangible assets 8 Investments 9 CURRENT ASSETS Debtors 10 Cash at bank and in hand CREDITORS Amounts falling due within one year 11 NET CURRENT ASSETS NET ASSETS FUNDS Unrestricted fund TOTAL FUNDS |
2025 £ £ 2,073,249 100 2,073,349 105,573 154,676 260,249 (900) 259,349 2,332,698 2,332,698 2,332,698 |
2024 £ £ 2,074,250 100 2,074,350 118,497 154,078 272,575 (1,800) 270,775 2,345,125 2,345,125 2,345,125 |
2024 £ £ 2,074,250 100 2,074,350 118,497 154,078 272,575 (1,800) 270,775 2,345,125 2,345,125 2,345,125 |
|---|---|---|---|
| 2,074,350 270,775 |
|||
| 260,249 (900) |
272,575 (1,800) |
||
| 2,345,125 | |||
| 2,345,125 | |||
| 2,345,125 |
The financial statements were approved by the trustees on 26[th] January 2026 and signed on its behalf by:
Geetanjali Mirpuri – Trustee
The notes on pages 7 to 10 form part of these financial statements
Page 6
Sadhu Vaswani Centre
Notes to financial statements For the year ended 31st March 2025
1. Accounting policies
1.1 Basis of accounting
The financial statements of the charity, which is a public benefit entity under FRS102 are prepared under the historical cost convention and in accordance with FRS102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland”, “Accounting and Reporting by Charities” the Statement of Recommended Practice for charities applying FRS102 and the Charities Act 2011.
1.2 Incoming resources
All incoming resources are included in the statement of financial activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income:
Voluntary income is received by way of grants, donations and gifts and is included in full in the statement of financial activities when receivable.
Donated services and facilities are included at the value to the charity where this can be quantified. The value of services provided by volunteers has not been included.
Income from investments is included in the year in which it is receivable.
1.3 Resources expended
Expenditure is recognised on an accrual basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates.
Costs of generating funds comprise the costs associated with attracting voluntary income and the costs of trading for fundraising purposes.
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries.
Support costs are those costs incurred directly in support of expenditure on the objects of the charity and include costs incurred in managing and maintaining the charity’s freehold property.
1.4 Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less accumulated depreciation. Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:
Freehold Property - not provided Fixtures, fittings and equipment - 25% reducing balance
Page 7
Sadhu Vaswani Centre
Notes to financial statements For the year ended 31st March 2025
| 2. Voluntary income Unrestricted Donations Grant – NHS Organ Donation Grant Gift Aid Restricted Donations 3. Activities for generating funds Unrestricted Vegetarian Food Festival Letting of Hall Book Sales Other fund raising activities 4. Investment income Unrestricted Bank interest receivable 5. Costs of charitable activities Unrestricted Satsanghs & langar Seva for homeless SVM Pune – good causes Raising awareness for Organ Donation Restricted Donations |
2025 £ 50,547 7,500 - 58,047 - - 2025 £ 13,674 1,101 - 220 14,995 2025 £ 5,403 2025 £ 37,062 3,563 - 9,000 49,625 - - |
2024 £ 35,743 - - 35,743 - - 2024 £ 11,449 3,182 109 400 15,140 2024 £ 780 2024 £ 11,005 1,028 5,720 - 17,753 - - |
|---|---|---|
Page 8
Sadhu Vaswani Centre
Notes to financial statements For the year ended 31st March 2025
6. Costs of activities for generating funds
| Unrestricted Vegetarian Food Festival Purchase of books Other events 7. Governance Costs Unrestricted Light & heat Repairs & maintenance Insurance Telephone & internet Printing, postage & stationery Accountancy Sundry Bank and credit card charges Depreciation |
2025 £ 5,493 328 - 5,821 2025 £ 9,133 20,027 2,706 1,001 223 900 145 290 1,001 35,426 |
2024 £ 6,250 668 - 6,917 2024 £ 6,615 10,818 2,316 387 9 900 85 264 1,334 22,728 |
|---|---|---|
8. Tangible fixed assets
| Cost At 1stApril 2024 Additions during the year At 31stMarch 2025 Depreciation At 1stApril 2024 Charge for the year At 31stMarch 2025 Net Book Values At 31stMarch 2025 At 31stMarch 2024 |
Freehold land and buildings £ Fixtures, fittings & equipment £ 2,082,649 67,037 - - 2,082,649 67,037 12,401 63,035 - 1,001 12,401 64,036 2,070,248 3,001 2,070,248 4,002 |
Total £ 2,148,261 - 2,149,686 75,436 1,001 76,437 2,073,249 2,074,250 |
|---|---|---|
Page 9
Sadhu Vaswani Centre
Notes to financial statements For the year ended 31st March 2025
| 9. | Investments |
|---|---|
| 2025 2024 |
|
| £ £ |
|
| Shares in Little Lamps Nursery Ltd 100 100 |
|
| The Sadhu Vaswani Centre founded Little Lamps Ltd, a wholly owned subsidiary that in | |
| accordance with Rev. Dada J. P. Vaswani’s vision will operate a preschool nursery, which | |
| will instil moral and human values and imbue character, integrity, and compassion to the next | |
| generation. |
| 10. Debtors Accrued interest Loan to Little Lamps Nursery Ltd 11. Creditors: amounts falling due within one year Accrued expenses |
2025 £ - 105,573 105,573 2025 £ 900 |
2024 £ - 118,497 118,497 2024 £ 1,800 |
|---|---|---|
Page 10