**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:
- The advancement of Hindu religion in accordance with the teachings of Sadhu T. L. Vaswani;
- The relief of poverty amongst the homeless and needy;
- The relief of sickness;
- 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:
- Regular satsanghs
- Hot meals and snacks served to the homeless every Wednesday
- 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
- Monthly “Silver Sunday” for elders
- Annual Vegetarian Food Festival
- Hosting Didi Krishna Kumari’s annual visit
- 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:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charities SORP;
- make judgements and estimates that are reasonable and prudent;
- state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
- 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:
- (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
- (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