REGJSTERED CHARJTY Nuf*tBER: 1092679 Report of th¢ TrM$tees Flnancial Statsmeftts for the Year Ended 31 March 2022 for Shree Swamlnarayan Satsang Shree Swaminarayan Satsang Cont¢Dts of the Financial Statement5 for the year ended 31 March 2022 Page Reference gnd Adtninistratfive Detalls Report of the Trustees 2 to 8 Report of the Independent Auditors 9 to 11 Statsmtnt of Financial Activities 12 Bal#nee Sheet 13 to 14 Cash Flow StatemeTrt 15 Notes to tbe Cash Flow Statement 16 Notes to the Fln2Dcial Statements 17 to 26 Detailed Statement of Financial Activities 27 Shree Swaminarayan Satsang Reference and Administrative Deta115 for the year ended 31 March 2022 TRUSTBES Mr B M Patel {resigned 13.1.2021) MrDDGami MT K R Patel Mr L M Vekaria Mr P M Vekaria (appointed 13.2.21 } Mr P G Patel {appointed 13.2.21) Mr M M Vekaria (appointed 13.6.21} Mr J M Vek&ria (appointed 13.6.211 TRUSTEES HOLDING TITLE TO PROPERTY BELONGING TO CHARITY Mr D D Gatni MrKRPalel TIiADtNG ADDRESS Dbanna Bhakti Manor Wood Lane Sianmore HA7 4LF REGISTERED ADDRESS 81 St. AJhdrews Drive Stanmore Middlesex HA7 2LZ REGISTERED CHARITY NUMBER 1092679 AUDITORS KNAV Hygeia Building 66-68 College Road HaTrow Middksex HAI IBE WEBSITE https'.Ilstanmotet¢mpk.co Page I Shree Swamin2rayAn Satsang Report of the Trustees for the year ended 31 March 2022 The Tru5t¢es present their ]rport and fillan¢i&lstatemenlsof ShTre Swaminarayan Satsang(S.S.S) "the Chaiity" for the year ended 31 March 2022. The financialstatementshavebeen pwared in acconlance with theaccountingpoliciesSttout in thenotesto the financ&il statetnellts and CLimply with the charity's current statutory SfqUlTements, thc Charities Act 201 l and"AcGounting and Repotting by Chaiitieg.. Staierrtent of R¢¢ommended Practice apphcable to charities preparing their accounts i accordallcewith the Financial R¢portillg Standard &pplicable in thcUK and Republtcof Ireland (FRS 102)" (as amended foraCcou￿t]ngPerIodS commencing from l January 20161 OKTEcfivES AND ACTIVITIES ObjeC￿Ve$ 4Dd acdvitles Ill accordan¢¢ witb the charity's objectives s¢t out in the constitutK)n of the Charity, tbe charity has the foltowing aims. l. To advance the Sanatan Dhamia IHitidu rehgion) accordance with Lea¢hings and principles of th¢ Shree SwamiDarayan. lounded and ordained by Lord Sbree Sahajanand Swami 2. The Chority'smain objective for the yearcontinuesto be tbat ofproviding a spiritual piiceof worship for devot¢es aJMI tILe wider coinmuDity.to practice and adh￿￿10 the SwallJillardyaD IHindu) faith. to observe all the regu]ar festivals and cultllrdlactivities coupled with a place to extend voluntary service (seval. 3. The strdtegy to achieve these objectives ￿Clude the PfOVi5iLTrn of a safe place of V￿[ShIP, iDcludillg separdte Tempk ha]]s for both males and femaks,5ubstantialopen grounds, halls andbuildings alld rec￿allO￿al factlities for all ages to participate itt, Inte￿te asa CoM￿￿￿11Y andto instil humble, [no￿L pea¢¢fulandrebg'ous values.Each year, thet￿stetS review ourobjectives to enSll￿ that they ¢ontinue to ￿llect ovraims and ill planning its activities foT the year. Page 2 Shree SwaminarAyan Satsallg Report of the Trustees for the year ended 31 M8rch 2022 OBJEcfivEs AND ACTIVITIES Publlc benefit statsn)cnt The ¢haiity is a public benefit entity. The trnstee5 have compliedwith the duty in section 4 of the 2011 Charities A¢t to have dueTtgard to guidanee publishery of God as A¢harya & leader of the Nar Na]ayan Dev Gadi at Ahmedabad. Jt is the un4ueness of the authentic btsnaf￿e Swaminarayan Sampraday. that th¢ ck)sest a tYa￿ 15aint) comes to leadership is being appoitited themahant Swami(head4aint)of a Shikharbandh Temple. At all times, the true saints of the SampTaday take their illSttu¢tions from the Acharya, theirultllnate Gurn & kader. Page 3 Shree Swaminarayan Satsang Report of the Trustees for the year ended 31 March 2022 OBJEcfivES AND ACTIVITIES Thc Acharya of the NarNArayam tkv Gadi at Ahmedabad i8 presently His Holiness Acharya Shri KoshlelldTrpra5adji Maharaj. The method bywthich futllre Acharya5areto be appointed 15 En5hTined in the do¢umentknown asDe5h VibhagNo Lekh. It its not only a legal document that has stood the test of tTmes since its existence, it is an instruction PTim*Tity to the Acharyas, but with specific instrnetions for tbe ordinary follow¢rs a]$0. It is a ThTrdely accepted factthp4tthe Swaminarayan sallEpraday has a unique heritage of leaderthip Éhat stretehes baekto the Lord Almighty Purushottam Narayan Himseif-Bhagwan Shr¢¢ SwatllillèEayan. As a final note the passage below en¢apw]ates ourduty fmm this day fotward.. 'Vou two, who hold the Gadis. bave been appoiTLted spiritualpieceptoYs- benee all Sadhus, Brahm8charis and PaLqs and all ourfollowers shall ahvays remain obedient to your Commands and shall serve you. Should anyperson of a sect (beJieD otherthantbat of thetwo rnling Spiri￿al preceptors of the ]ine ofDhamiadevbe pre- eminent forhis kllowled¥e of the Shashtrasor for his practice of Yoga or asceticis￿ or for se]f-renunciatK>n, or forany other virtue. attd if ihereby the two TU]ing precept0￿ of the i1￿c of Dhamiadev be lowered ill esti]natioD.neverth¢less we command a]ISadhusandBrahma¢baris aJ)d Palas and all our follower5. that iti orderto tbe salvation of their souls, tbey alwaysaJ)d for ever honourthe two ru]llig spllitual preceptorsof theiille of Dhamiadev.and obey tbern thollgbt. Word and deed. Should one, failing this, seek ￿fUgE in allotherandhonourhim,his soul shall neverhavehappiness in this world or in the world to come but shall suff¢r ¢xtreme pains. (Desh Vibhaag Lekh. paTag7ph l O) The.qhik.%hapatri was Mritten by Bhagwan Sliree Swamitiarayan's awn blissful hand on Va5antPanchmidayof Vikram Samvat 1882,thisi$ a bookletof 212 Shlokas. Shteeji Mahardj Sat in the Hari Mandap-Hi5 trsid¢nce atVadtalTemp --and wrote it lli Sanskrit. He instrucied the pandit Sault Nityanand Swami to translate it into tiujarati. To thefollowers of the svdminaroyansafftpradlly.wbo love and adorethewlshtad¢v, thesetsTewords ofdivine guidan gnhow to live a rnoralarld peacefullife. The Shikshap3tri¢omprises the essence of all the scriplures of sanatanDhaM￿, so Swarnitiarayan followers read it daily. It¢Ollt&insgen¢rdl guidance and specific instn)¢tions to a variety of categories of followers -the Achgryas & theirwives, hguseholder Enales and femaks. wtdows, saints and brahmacbaries. At the age of 49 year5.Shreeji MahaTrj left his physicalbody atGadhpur,promisittg toremaill within the Swaminarayan gamprodoy in.. l. the tinages he installed land the Acharyas succeeding hitll as perthe De5h vibha￿0 Lakh) 2. the Acharyas installed by hin {and those in direct succe5siots} 3. the saints he initiated (and those initiated by su¢¢eediAgAcbaryasl 4. the scriptures, such as ShJ]cShapar￿ satSan￿ Jeevatt, Satsattgi Bhusban. etc (and th0￿ authoiised by succeeding Acharyas) Volvnteerg The Charity relies on the selfless help and asSi5tan¢e of the v0lllntee￿ he￿Ing in it woukj not have been &ble to assi8t oth¢iB duiing thc pandcmic without the s¢lfl¢55 art of it5 volurtt¢CJS. Page 4 Shree Swaminarayan Satsang Report of the Trustees for the year ended 31 March 2022 ACHIEVEMENT AND PERFORMANCE Charitsble activities l. The TempIe has seeii an increasing hTrmout for all rnajor festivals like Ramn8vmi. Diwali. Janmastmi, Navrdtri- Dubsherd and Patotsav. This was curtailed in the year 2021 in line wth govemm¢nt guidelines due to the pandemic. 2. Yuvak and Yuvati mandal cknsses op¢rdte each FTKlay and help organise all Youth engagement actiYitie5. however during the ye&rtbis was ¢urtaikd back litie with governm¢nt guide]iticg due to the pandemic. 3, The T¢mple website and 90cial netWorki￿g sites arecontitiually updatedwith leatures sucb asphot05 and videos trorn pasteventsand announ¢ement.% forthe futute events. Many Ev¢nts were cancelled orput on hokl due to the pandemic. 4. Community, healtb and Well-be￿]g seminars are being held on a ￿su]ar basi5 to raise awareness on key issues such Dementia, Cancerand others, boweverdurkng tbe yearihis was ¢urtaÉi¢d back in lllie with 8gV¢rnmellt guide]iti¢s due to the pandelnic. 5. Illternat￿nal Sewa Day is hebj to allow devotees to eODtillue with seitkns service to the environment, however tbis cvent did not take p]ace during ihe yeardue to the pandetnic. Ill common with all cbaiitie4 the Charity is heavily reliant on the contin4JiJ]g contnbutioll and support of its unpalll Voluntee￿ who have assisted with the daY-t(￿daY operation of the Temple. The Trustees tbankall of our volunteers foT the hard work put in during tbe year, in all aspects illcluding Prashadpreparation, variouseducationalactivities, librnry. cleaning and organization of various events. Page 5 Shree Swaminarayan Satsang Report of the Trustees for the year ended 31 March 2022 ACHIF.VEMENt AND PERFORMAIYCE Crlt¢rla to measure Suecess The Charity mea5UTC5 It success in temis of number5 attending and participating in the many actLVities and festivals. It bontinuesto promote g￿aterattendan¢eandth¢ increase in the education of those co¥ning to the temple.The numbeTS of people attending at tht Diwali f¢stiYals alr usually apptoximately 10,000 a year. Going coneerD In preparing the financi&lstatements,the twste¢s are tesponsible forassessing theeharity's ability to ¢olltinue ag & going COD¢ern, disclosing. as applicable,matters re]aÉed to going concern and u8ingthe Boing concern basis of accounting The Trustees beiteve that there a￿ no goingeoncem matters tbat would affect the Charity for the foteseeabk futhre. I)ue to the UK beitig ttl lotkdowTh for the year iti 2021. the mandir had had to close several tim¢$ in comp]iallce with government guidance. This had an impactttt ourability to meetourobjectivesalld had an impact onourfinan¢ikl positio The Board believes that adopting the going concern basis in preparstkg the fll)all¢ial statements is appn)priate forthe charity. There are no other signifi¢ant risks that are required to be reported for the fJnan¢ialyearendillg2022. Post year ettd. Covid 19 bas had a signif￿allt i]npact on the Temple and it's objectivcs. This includes. curtallment of activities, festiva]s, impact on learnill& avai]abi]ity octhe temple forthe eongygdiion duri￿8 the yeai202I forworsbip and for s¢bools and public organisatlOn5 ro learn about Hindutsm. Froin JaJiuary2021 untilApril 2021 theBoard wts￿ed witb MIS Eng￿nd and Harrow Councij to set up a Covid 19 test centre on the temple premises free of Charge for the beJ)efit of the C0￿MUnity at large. Re8erYes Polley It is thepolicy of thecharity thatunr¢strictedfundswhich havenotbeen designat¢dfora specTfic useshouldbe maintaned ata levcl ¢quivalentto bEtween thffe and5tK month'sexpenditure. The Tmstees considejs thatres¢rves at thi5 level will ensure that, in the eventof a significant drop in fundingi they will be ableto continue the charity's ell￿¢￿t activities while onsideratiort i5 ￿Ven to Vdys in v/hich addl￿nal funds may b¢ raised. ThTS level of r¢serYe5 ha5 been maintain throughout the year. Availabllity adequaey of assets of e8¢h of the funds The Board of Trustees are SatiSf￿d with the perfomiance of the Charity during the yearand consider that the Charity is iti a position to Contuiue its activities during the coming year, and that the cbariiy's assets ill each fund are adequate to fu]fd its obligations. The CILarity continues to prosper through iticttasing donationsand is in a strong fwan¢ialpositton to meetingall foreseeable charitable obliwdtions, particularly as the initial funding bank loan has nowb¢en Tepaid. FINANC￿ RLTrIEW )rIA￿tIAl Y•vip Ststementof Finoncial Activities show net income for the year of review of £443,974{2021.. £-54,084). The totalfunds attbe year-eDd stand at £8,827,645 {2021.. £8 J83,671 lofwhich £28.70612021.. £36,159lareheld asrestiicted fund5 for Bhuj Temple andNepal earthquake.The lower illcomein 2021 is Prmcipally due to fall in altendance forvariousprivate fullciionsheki due tothe pandemic. In iheyear2022,the&tteudance hasincreased as thegov¢rnmeTrteased the lockdowtt Juks. Prlnclpal fuDdiDg The principal fullding sources forthe Cbarity continue to be throu￿7 geTherdl donations from the con8re8ation and wider Cornmullity forre11￿uS activities and festivalsincknding Darshan, ThBaVBh¢tandfestival related income such as Diwali, Patot6av, Ramnavmi,JaMmaBht4Tniand hallsu￿gee0rttnbution frorn varnusreligtOU5 and culturnl#etivities. The charity now abo has trntal income from two inVe5tmEnt pKJperties. Global Network of Temples The Charity is one of a hig¢ numberof T¢mpks whTch come und¢rthe Spiritual guidance of Shree NaT Narnyan Dev Dioscs based in Ahmedabad. P&g¢ 6 Shree Swaminarayan Satsang Report of the Trustee5 for the year ellded 31 March 2022 FErruRE DEVELOPMENTS The Charity, twstees andvolunteeJ5 have worked hanlto incJYase the nurnber of attendees of the Temple by )ne￿aS1n8 the i)umberof ￿lI￿￿Ous, edU￿atIon artd ¢ulturdla¢tivities. A5 IY8uIt of thi5 hard wod( and improved financial positioning. the trustee5 are discussing futurt building use options and various development options to increase fa¢klities on site to ontinur to further the Charity's objeetives. Ri8k Management The tn]stee8 identify the majorrisks to whicb the Charity is exposed to each fmancialyeaTwhen pr¢parillgand Updat￿ a strategjc plan, in particular, th0seareaS￿7ated to the operdtions F￿anceS ot-the Charrty. The Tn]stee5 then review any majorrisks which havebeen identified and establish systetDs to rnitigate those risk5. The Trustees colltinue to put in place appropriate internal contro]s and monitoringprocedures to miniM￿.C financial risks. The Board recognizes that Eisks exi8t froEll a sociaL econoEDiC and legiS￿tIve aspects of the economy* bul believe that these are ￿ltigated with the he]p and assistanee frorn our volunteers and the community at Jarge. The tiiejyase itk tbe attelldallce at major festivals 1$ testament to this outside of the pandemic period. The Trustees haveassessed the majoriisks to wh￿h the charity is exposed and are satisfied tltat systemsare in placeto itE8ate exposure to the Tnajor tisk5. S'l'RucfuRE, GOVERNANCE AND fvL4NAGEMENT Covernillg doe￿]￿ent The charity is controlled by its govetning document, a deed of trust and ¢onstitutes an unineorpordied charity. MaDagement & Method of Appointme￿* of TrM$tee8 The Boardof trustee5 hold ]r8ulaT meetillgs to adrnini5terand managE th¢charity andmake decision8 at such meetings. Other ad-hoc decisions aretaken by thetwstees Thith executive positions. The Boardoftw$te¢Stogeth¢r￿￿th Head Prie51 (Mahant) of ourparent Temple in Bhuj-Kut¢h (the ex-officio chal￿erson of our¢harityl, have the power to elect new trnstees. Every 6 years, thc3 eldest Th￿tteS shall voluntarily rcs1￿, andthe remaining trustees will select ￿tW Trustees. tbougb the vomntarity re8ign¢d trnstccs ar¢ for r¢sol¢¢tion. New Trustccs need to have served iti t]Le advisory committee for minimutn of 6 yea]s. Induction And tr8iThiDg of new tru$te¢$ As partof their iDduction program, n¢w tn]stees arernade awareofthoir responsibilities this iDclude$ attitittoductio to the objectiyes, scope and poknie5 of the Charity, the Charity Commission guidance on Trustee responsibiiities and a copy of the Constitution. Addttional training is available to keep with all r¢guiqtlODS concerning the ChAriLyts activities. STATF.iWET+rf OF TRUSTFE81 REspnNSIBTI,rriES The tnjstees are responsthle for preparing the Report of the T￿slee5 and the f￿ancIal statemellts in accordance wth applicable jaw and Unrted Kingdom Accollntujg St8Ddards (United Kingdom &nerally Accepted Accounting Prdcticel. Page 7 Shree Swaminarayan Satsang Report of the Trustees ror the year ended 31 March 2022 STATEMENf OF TRUSTEES, RESPONSIBILITIES - eontlnued The law applicableto chaTitIC5in En8landandWales, theCharitie$ Act 2011,Charty (AccountsandReportsJRegulations 2008 aiid the provisionsof thetTUStde¢drequires the tjustees topr¢parcfinallcialstatementsfore&ch finartcialyearwhi¢h ve a tme and fairview of the stateof afrai￿Or the charity andofthe incoming r¢50llrces andapplication of resouT¢es, inclUd￿g the incoThe and exp¢nditutE,of the charity forthatperiod. In pr¢paring those fiMan¢ialstarements,th¢ trust¢cs are required to select suitable accountillgpo]icKs and theo appty them consistently,. obs¢rve the methods and prittc4iles w the Charity bURP' ake judgements and estimates that ar¢ r¢asoDablc prudont- stale wheth¢r applicable 8CCOUtttitig standards have been followed, subje¢t to any materialdepartu￿s disclosed and ¢xpLqined ill thc finaDcvdl statements: prepare the fmancialstatementsonthe going coD¢¢mbasi5 unless it i% inappropriate to presume thatthe ¢haritywill continue in business. The twstees tesponsible forkeeping pmpera¢¢ountingrecords which disclose with reasottabka¢¢uracy atany time tbe finaneialposition of the charity and to enabietbem to ensure thatthe f￿anc]dIStaleInentScornpjy with the Charities Act 2011, tbe Charity IA¢¢ouDts and Reports) Regulations 2008 aThd the provisio￿S of th¢ tTusi deed. Tbey are aL%o responsible forsafeguardingtheasselsof thecharity and hence fortakingreasollabk steps forthepreventK)n anddCteCt￿n of fraud aud other irreguiaIities. Approved by order of the board of tmstees on l.6..a Blld Si￿ed on tts beha]f by= ami- Trustee Page 8 Report of the Independent Auditors to the Trustees of Shree Swaminarayan Satsang Oplnlon We have audited the financialstatementsof Shree SwamEtiarayan Satsang{tbe'charity'}fortheyearended 31 March 2022 which comprise the Siaternent of Financial Activiiies, the Balance Sheet, the Cash Flow Siatement and notes to thE finaDcia15tatements, including a summaryof signif￿ant accountingpo]i¢ies. The financialreporting frarnewo￿ thatbas been applied in their preparation i% lJnited Kmgdorn Accounting Standards.¢omprising Charities SORP - FRS 102'The Financial ReportiD8 Standard appJ]"c*ble in the UK and Repubbc of Ireland, and apptscable (United Kingdo Genenlly Accepted A¢¢ounting Practice). Io ouropiDiOn the fwancial statements.. give a true and fair vEew of the state of the charity's &ffallE as at 31 Ma￿￿2022 and of its incoming resouTces and apphcaiion of resources, for the yeartheD eDded: have been properly Prepared in accordance with United Kingdom Generally Accepted AcGounting PTr¢ti¢e; and have been prepa￿d in acco]danre with the ￿qUIt￿nentS of the Charities Art 2011. Basls for oplnlon We collduct¢d our audit in a¢¢ordancewith Intcrnationalstalldards on Auditing (UK) USAS (UK)) and applicablelaw. Our resptsrtsil)Ilities under those standaids are further d¢5cribtd io th¢ Auditors, Tesponsibilities for the audit of the financial statementsseetion of our￿Port. We awindependentof the charity in acGordartLe wtth the ethicalrequirements Ihat are ￿levant lo our audit of the fjnancial statements in the UK including the Flic's Ethical Statldard, and we have fu]filled ourother ethical ffsponsJ17ilitie5 in accordancewth th¢5B ￿qUIreMents. We believe ihatthe auditevidence we have obtained is wfficient and appmpriate to provide a basis forouropiDion. Conclusions rela￿Ng to goifjg ￿nCer In auditing the fmanck21staternents,wc haveeoncludedthat tbe trustees, use of the going concem basis of accounting in the preparation of the r]Dancial statements is appropriate. Based on the WOTk we haveperfornied,we have not idet)tified any materyaluncertainties ref&tiDgto events or conditions that,individually OE collectively, may casi significant doubt on the charity's abiliiy to continue as a going concem for a period ot at least twelve months from when the financialstatements are authori8ed forissue. Our responsibilities and the responsibsiities of tbe ttustees with Trspect to go￿8 coneem 8tE deS￿]bed in the rekvant sections of this report. Olher informatlon The ttustccs arc rcsponsible forthe other infonnation. The other Énfomiation comprises the inforniation inehaded in the Annual Report, otherthan the financialstatementsand our Report of the LndepEDdent Auditors thereon. Our opinion on the fiiiancialstatelnents does not coverthe other infotinatK)n and. except to the extent oth¢rnryse explicitty stated ill our report. we do not express at)y form of assurallce conclusion thE￿On. lrt ¢onne¢tton with our audit of the financial Statements,our￿8poThSib]litY is to read the other inforniation and,in doing 5Q, CQ173id¢r wh¢th¢r thc oth¢T thformation is matciially I￿￿t18)3t¢nt with thc finQt)cifyl stotomonts, or our knowledb obtained in the audit or othepwi5¢ appears Eo be materially rnisstated. If we identify such material inconsistencies or apparent material misstatements, we ar¢ requir¢d to deterniirte whether this gives Tis¢ to a ￿aterIal￿$s$t8teMent in tbe fjnaneial statements them$efve$. If, based oll the work we have perfO￿ed, we eonclude thai tbere is a material misstatement of th&$ other infornjatitin. we att wuired to ￿port that fact. W¢ have llothing ro ￿port this regard. Matters onivblcb we are requlred to report by exeepdo We have nothitig to report in ffspect of th¢ followitlg thatters where the Charities (Accounts and Report$) Regulations 2008 r¢quires us to report to you if, iti ouropitiion.. the illfomiatiottgivell in theReportof theTrnstees is inconsistentin any Jnaterialtesp￿t￿Ihthe financialstatem£n14 or adequate accountin8records have not been kept- OT the finatscial statements are not in a￿eerne￿t with the accountingre¢ords and returns,. or we have not received allthe information and exp1allat￿n5 we require for ouraudit. Page 9 Report of tbe Independent Auditors to the Trustees of Shree Swaminar&yan Satsang ResponsibilitSe5 of tru$tees As explained more fulty irt the StatementofTrn5tees' Respons￿11]t1cs, the tn15tees are respon511>le forthe pteparation of the financial state￿ell￿whlch ¥tve a true and fa￿VieW, and forsuch intemalcontiolas the Iiu5tees d¢tennine is necessary to enab1ethcp￿pardt1O￿ of finan¢ial$tatements thotarefree from material misstatement, whetherdue to fraud or e￿or. In preparing the financialstatements,the trnstees Are ffsponsbi le for asseSSllig ibe¢harity'$ ability to continue as a gollig concern,di5¢1osing, asapplicabJe,mattetsrebLeil to goiDgconcern andusingihe going concern ba5ts0faccountingullless the trustees either intettd to liquidate tbe ¢haIity orto cease operations, orhave no realistic akemative but to do so. udltors respollslbllltles for the 4udlt of the flnanclal ststements Our objectivesareto obta ￿reasOnableaSSUranCtabOut whethcrthe fman¢ialstatementsasa whole aTe free from maiernl misstatemetti, whetberdue io fraud orerror. and to i%sue a Report of th¢ Independent Auditor51hat includes oUr0p￿I0n. Reasonable assuTrnce isa bigb kvel ofassurallcebutis nota guaranteethat an auditconducted iD accordance with ISAS IUKI will always detect a mateiial Elltsstatement when it exists. Mi5Staten)ents can arise from fralld or ertor and are considered material if. individually or in the aggTegate, they could re8sonably be expected to influence the ecouomr decisions of user5 taken on the basks of these finallcial statements. Extent to whicb the audit wa8 capable of detsttlRg irregularlde& ineludlng fraud We desigu our proc¢dllre5 SO as to obtaiD sufficie￿1 appropriate audit evidellce that the f￿ancial statements are not materiBIty mi&8tated due to non-compiian¢¢ with laws and regul&tiDns or due to froud orerror. We arentstrespons&>l¢ forpreventitlg non-compliance andcartnotbe expectedtod¢tect non¢omp]iancewith all18W5 and Tegulations- this re3poTLsibility lies with manag¢ment with the oversi￿t of the Ttustees. Based on oUrunde￿talldl￿g0f the Charity, discussions with management.we tdentifjed the Charities Act and FiTEanci&l Reportittg Stalldard 102 as having a direct effebl on the a￿OUrtts and disclosures in the fiThallcial staterllents. A5 part of the ettgagement tcam discussion about how and where tb¢ Charity's f￿ancial stst¢mellts may b¢ materiaty missi8ted due to frnud, we did not idetLtify &ny area5 Witb an increased risk of frnud. Our audit procedures in¢liided.. •ellquiry olmanagementabouttheCbarity'spo]iCiES, Procedu￿Sandreknted conttoL8regardillg comp]ianee with laws and regulations if there ale any known ll)Stances of non-complmnce. 'exatllinuigsupponing doCu￿ellts forallrnateria Iba]ances,tsat)sactionsand di￿10s￿reS. ' review oftbe twstee minutes,. enquuy of management and revicw and illspection of relevant correspondence with any legal fJmi5,' evaluation of the setection and app]ication of accounting policies related to subjective measurements and comple transactions- "analytical procedures to identrfy any unusualor unexpected reiati0115hips' .testing ihe appropriatene&sof journalenttiesrecorded ill thegell¢Tal ledger andotberadjustrllentsmaik ID thepreparaly)n uf Ljir fuiuiici&16tatsnicllt&,' teview of accountingestimates for biases. Owing to theinherEntiimltat￿￿S of an audil.tbere is aD unavoidabieri5kthat somematerkilmis5tate￿eAts of thefJnan¢HI statements may not be detected, even though the audit 18 properly planned and perfomi¢d in aceordance the ISAS (UK). The potent¥il effect5 of inhererht limitations are particularly signif￿ant in the case of Tnisststernent resulting fmTn fTau1 because flaud may involve sophisticated and carefully or8anized schemes de$l￿ed to uonceal it, incknding delibernte failure to recotd I￿nSaCtions, collusion or inientional misrepffsentations being made to us. A furtherdescriptioj) of our respoostr>i]itie8 lorthe auditof tbe fJnanci&lstatementsislocated on the Fit)ancial Reporting Councifs website at www.frc.org.uklauditOTSffspots￿bdtIte8. This descriptiou fomis part Of ourreport. Page 10 Report of the Independent Auditors to the Trustses or Shree Swaminarayan Satsang Use of our report This report is tnade solety to the tharity'b ImStees, as a body, in aC¢OTdancewiih Part 4 of the CharIt￿S IAecount8 2tKI Report51 REgulation$ 2008. Our audit work has been undertaken 50 that we tnighi state to the eharity's Injstees Iho matierswe requtred 10 siale 10 them til an audilOYS' ￿part and forno other purpose. To the fulkst cxtentpennitied by law, ￿ do not acccpt or assume responsibthty io anyone other thanthe charity andthe charity's trustees as a body, for our audit work, forthis ttport. or forthe opti)ions we have fomied. FCA (Senior Statuto For and on behalf of KNAV. Statuto HyEeia Building 66-68 Colkge Road Ham>w Middlesex HAI IHE Auditvrl Auditor Date.. 2025-02-UK Pa￿11 Shree Swaminarayan Satsang ststement of Finaneial Activities for the year ended 31 March 2022 31J22 Totsl 31.321 Total funds Unrestiicted funds Restricted fund Notes INCOME AND ENDOWMENfs FROM Donations and legacies 316,738 5,995 322,733 290,984 Charitable Activiti¢$ 3111,Y57 381,957 66,909 Inve8tmeiit incorne 84 Jl I 84.511 Totsl 783 789 445313 EXPENDITURE OIY Charitable Activities 4116,779 13,448 420227 529.577 Other Total 406 779 420 227 527,640 Net 8ain5 on investment assets 12 75,1100 75,000 Tr4ET INCOThqEI(EXPETrIDITIJRE) 451,427 (7.4531 443974 (54.084) RECONCILIATION OF FuT￿s Total funds bwught fonvard 8 J47,512 36.159 8J83,671 8,437,755 TOTAL FUNDS CARRIED FORWARD 8 798 939 8 827,645 8 383 671 CONTJNUJNG OPERATIONS All incorne and expenditu￿ has arisen from continuingactLVTtTes. The notes form part of these fina￿¢]81 statem¢nts Page 12 Shree Swaminarayan Satsang Balance Sheet 31 Mar¢h 2022 31.3.22 Totsl funds 31.3.21 Total funds UDrestricted fU]￿S ReslrKted fu￿1 Notes FIXED ASSETS Tan￿ble assets Herit&ge asscts Investment property 10 4,428,744 7¥,624 1655 000 4,428,744 78,624 55.000 4.532,139 68,412 1580 000 12 6,162J68 6.162J68 6.180551 CURRENT ASSETS tkbtOTS Cash at bank and in haiid 59061 2711 719 59861 2 740.425 24,103 2312835 14 28.706 2,771,S80 28,7116 2,800,286 2,336,938 CREDrroRS Amounts falling due within one year {J35,009) 035,009) (133.8 18) NET CURREKf ASSETS 36,571 2 665 277 2,203,120 TOTAL ASSETS LESS CURRE LIABILJTIES 8,798,939 28,706 8027,645 8,383,671 NET ASSETS 8.798939 8,383,671 The notes for￿ part of tbese f￿a￿¢saI$l8te1￿ellts Page 13 continued... Shree Swaminarayan Satsang Balance Sheet - continued 31 March 2022 17 Unrestricteil funds.. Gelleral fujid Revaluatioll reserve 7 890299 908,64fl 7.526.900 820.612 8.798.939 8.347.512 Restricted funds.. General fund restricted 28,706 36,159 TOTAL FUNDS 8J83,671 The ftnaocialstat¢m¢ntswer¢approved by theBoardof Twsteesand authori8ed forissue on. and were S1￿Cd on its beba]f by.. Mr L M Vekari4 - Trustee MrD D Gami-TnJstee Th¢ DQt¢s forni part of these f￿3￿¢￿￿1 stat¢menlS Page 14 Shree Swaminarayan Satsang Cash Flow Statement for the year ended 31 March 2022 31J.22 31.3.21 Notes C95h flows from OPEr#tEllg activities Cash generated from operations 440 060 46.285 Net cash provtded by operatiDgactivities 440.060 46,285 Cash flows from investing activitie5 Purchase of th￿￿ble fixed assets Interest received (9383) lJ13 (19.521) 3,000 Net cash used in invesÈillgactivities (16.5211 C*sh tlows from fin&neing actlvldes Loan repay￿ents in yeat (5,000) (19.000) Net cash used in f]DanciDE activities (19,000) Change im e95h ca5b equlvAleDts I tbe reporting period Cash #nd ea$h equlvalents gt the begin￿l￿g of the reporting period 427.590 10.764 2J12B35 2,302,071 Cgsh and cash equiv8lellts ot the end of the reporting period 2,740825 2.312.835 The notes fomi part of tbese rmanc￿l st&ternents Page15 Shree Swaminarayan Satsang Noles to the Cash Floiv Statsment for the year ended 31 Mareh 2022 RECONCILIATION OF NET DICOMEI(EXPEF4DrrtiRE) TO NET FLOW FROM OPERATtNC. ACI"IVITIES 31J.22 31.3.21 Net incomel(espenditsre) for the reporting period (as per the Statement of Fiwdlleial Aedvltles) Adju5tn]eDts for.. Depreciation chargey Gain on investments Interest received JncTrse in debtors Jn¢Nse in credrtors Non-cash doi]ationy ￿CeIved 443J74 (54,084) 112.678 175,00&) (1,813) {35,758) 6.191 117,408 (28,243) (3,000) (9,103) 26,307 3.000 Net cash provided by operadons 440 060 ANALYSIS OF CIIANGES IN NET FUNDS At 1.4.21 Cash flow At 31J22 Net eA8h Cash at bank and in hand 2 312.835 4275 2 740 425 2J12835 427.590 2,740825 Debt Debts falling due within l year 5,000 132.0001 5,000 {27.1100) Total 2 280J35 2.713.425 The notes fomi part of these f￿8￿¢]&1 st&temeuts Page 16 Shree Swarninarayan Satsang Notes to the Financial Statements for the year ended 31 March 2022 AccouNfENG POLICIES Basis of prep*rlllg tbe fiD•n¢ial 5tstemeDts The charity is uniti¢orpordted aJd operates undera constitut¥)ll. As an unincorporated entity, the cbarity does not have share capital. Thc trnstccs have no penonaliiabiitty to contribute to the assets of the charity in the eveDt of its diSso￿tion, otherthan forany obligations they may have personaity incu￿ed on behalf of the chaTity. The financial statements of the challty, wthich is a publK benefit entity under FRS 102, have been pwared in a¢¢ordallce the Charities SORP (FRS 102) 'Accounting atjd ReportlTI8 by Charities.. Statement of reeommendedPractlGE applicable to charitie5 P￿ParIng th¢ira¢¢ountsin accordance with theFinancial Reporting Standard applicable tn thcUK andRepubli¢of l]Ylartd (FRS 102)(eff¢ctive l January 2019),, FinatLcialReporting Standard 102 The Financial Reporting Standard applicable in the UK andRepublic of Ireland, and thecharities Act 2011. The fmancwl stat¢tn¢llLs have been prepared under the historical cost convention. Reco8ttitiou is initially at historK costl trdnsactM)n value unless stated in the accountiDgpolicie5. The fitiancial ststements are prepared in Ster]lli& wbich is the funotionalcurrency of the entty- IncOll￿nE resources Income is recognised when thecharity is legally entitled to it after8ttyperfomioll¢¢coDditM)IL5 h8vebeenm¢i the amounts can be rnea5ured r¢Jiably, and it is probable tbat income will be received. Cash donationsarere¢ogDisedon receipt. Other donationsaTcrecogllised otlce thecharity haSbeennOtif￿d of tbe donation, unkss perfO￿3￿ce conditions require deferral of the amollnt. Income tax recoverable in relation to donations received undeTGift Aid or deeds of covellant ￿e0p01sed at the trne of the donation. Legacies a￿ JtcogttKsed on teceipt or otherv￿c IF the charity has been notrfied of animpending distribulion. the amoullt is known. andre¢eipt is expected.Iftbe amount is not kno￿1. the legacy is treatedJsa contingent asset. Income from religious seNic¢s, relates to hiring ofsomepartsof the¢harity& prEmiSCS and is ￿COgnised ot)cethe hall hire has taken place. Rental income ￿ recognised in a straiO)t line over the kase. ExpeThditsre Liabilitie5 are recognised as expenditure as soon as theTt is a le¥al or constructive oblig4tion committing the charity to that expenditure, it is probabl¢ that a trdnsferof economic bentfit$ will be required tn settlern¢Dt and the amountof tbe obligation canbe rneasured reiiably. F￿penditUrcjS accounted foron an a¢cn]aJsba$is and has been classif￿d under headitigs that &￿e￿ate a]I cost ￿]ated to tbe category. Where costs Cannot be directly attnbuted to P8rtiw]ar headitigs, they have been allocated to activities on a basis conststellt with the use of resources. T Anglble flxed assets Tangible assets are iniiialiy ￿e0rded at cost and subsequentty stated at ca.%t less any accu]nu]ated depTe¢ialH)n and impairmetyt losses. Depreciatio Depreciatwjn is proviJ¢d at the followitLg t4nnual rntes in Order to ￿11¢ off each asset over its e8tiTnated useful Freehold property Fixtures and fittill8S 2ts10 OD Cost - 200/0 on redueillg baiance Page 17 COnt￿UCd... Shree Swaminarayan Satsang Notes to the Financial Statements - continued for the year ended 31 March 2022 ACCOUNfiNG POLICIES - contlnued HeritAge 9s$ets Heritage assets of Idois of God and jewellery adoming the idoLs on dispiay at the ten]ple for everyday viewitig to all vi81t0￿. The jewellery & idols are deSi￿ed according to & bave sitnilar qualitie5 to historical artistt¢ images displayed ￿ various tcmpies aroulld the world foT many ¢enthTies. The assets depict the IndHIi r¢I￿loUS culthre that has been passed down thruu¥) gener&tM)n5. HeTStage asseis not depre¢i&ted Aequisition. preservatio￿, manA8emeTrt and dlsposal of herltsge tys￿ts The charity maintainsa Tegister for the colkctitsn of its H¢ritaye assetswhi¢h is ￿ddI[Y available to the public for viewing. All Fl¢rita¥e assets acquired eitherby purchase or donation &re ffcorded at cost. Investment property Investmentproperty,whi¢h is propertyheld io eamreniats andlorforcapitalappreciation.is initially r¢¢ogDised at cost. which includ¢s thc purcbase cost and anydirectty attnThutabie expendituYe.Subsequeutty it is n)easuryl at fairvab]e at thereporting eDd date,ThesurpbJs ordefKit onreyaluation is re¢ognised in the statemetttof fiJ)ancBI activities. Charitable funds Untestricted funds available for use at th¢ discretion of the Thstees iti fL￿herJnce of their charitabk objectives. Restricted funds are subj¢ctto specific conditions by dollorsas to how they ￿ayb¢US¢d. The P￿￿oseS and uses of the testricted funds are set out ill the ttotes to the fDallcial $iatements. Endowment fundsarEsubject to Specif￿ conditions by dollorsthatthe capitalmust be maintainedbytbe charity. Going C0￿cern In prep&rit)gthe £ll)ancialstatements,the t￿SteeS ￿SpoI)S1bk forassessing th¢ cbariiy's ability to colltinueas & going concern, disck)sin& asappltcable, mattersre]ated to going coucemand using the goitig concern basis of accounting. The Tlustees b¢knevt that there are no going coDcern Matters that would affect the Charity for the foreseeable future The charity only has financialassets and fmallcial ]iabiiities of a killd thatqua]ifya5 basic fmanrialinstrnmellts. Basic financial instmmeDts are initialty reco8lli8ed at ttansactioll value and subsequently measured at their settkmcnt Yalue with the exception of baDk loans are subsequently measured at amorti5ed cost using the effeetive interest method. Pensions 4nd Ibther post-retlrement obligations The charity ope(ates a defined contnbution pensiL)n schevne which is a pension p￿n under which f￿ed ¢ontributiolls are paid into a pension fund and the charÉty has no legal or ¢onstructive obligatiox to pay furth ontributionseven if thefund does nothtsld suffici¢nta55ets to pay all employee8 thebenefitsrehting to empk)yee service iti the current and priorpetK)d5. Contnbutions to d¢fillcd contnl)ution p]aDS reCO￿)ised in thestatement of FinancialA¢tivities wh¢n tbey alt due. If contnbution paymeDts ¢x¢eed the contnbution due forsenrice, the ¢xcess kg reCO￿li1¢￿ as a ptepayment. Page 18 continued... Shree Swaminarayan Satsang Notes to the Financial Ststements - continued for the year ended 31 Mareh 2022 DONATIONS AIW LEGACIES 31.3.22 Total funds 31.3.21 Total funds Unrestricted funds Restricted fUl￿S DonatWD8 alld ￿fts 316738 322,733 290.984 INVESTMENT DICOME 31J22 Totsl fullds 31.3.21 Total funds Unrestricted funds Restricted funds Rental income on inv property Other interest receivable Solai rebate 82.698 297 82,698 297 84,420 1,378 84 87.420 INcOlV￿ FROM CHARITABLE ACTIVITIES 31J.22 Cljaritable Actlvities 31.3.21 Total activities Religious Se￿ie¢S 381957 66,909 It should be notedtbat dueto tbe Covid-19 restrictions in 2020,the ternple was unabkto op￿￿te￿ornIallY iti the priDr year. a result, tbe income in tbe year ended 3 1.03.2021 was sigllifi¢antly lower than year end 31.03.2022. CHARrrABLE AcfivITIES COSTS Di￿¢t Costs (se¢ note 6) Support costs (see note 7) Tota]s Charitable Activities 361 J37 58,890 420,227 Page 19 contillued... Shree Swaminarayan Satsang Notes to the Financial Statsments - continued for the year ended 31 March 2022 DIRECT COSTS OF CHARrrABLE AcfiwTIES 31.3.22 Total funds 31.3.21 Total nds Unrestri¢t¢d nds Restrictcd nds Staff costs Rates & water Light and heat Postage and stationery Adv¢rtLSing Sundries Premises, repairs & ren¢w#ls Festiva]s & raasall Motor & trnvel ik chaigcs Charitable donations Health & 8af¢ty Depreciatio 69099 4,754 25.192 1S520 850 19,1139 21.515 64ffj32 1037 347 9.795 1031 112,678 69￿99 4,754 25.192 1S.$20 850 19,039 21.515 64,632 1837 347 23243 1031 112,678 108.676 8,876 13,637 4,984 41 2,642 54,158 45,077 2,987 102.671 13,448 117,410 347089 13,448 361 J37 463,401 SUPPORT COSTS Crftrvernallce costs Toiats Charitable Activities 48,5911 ioJoo 58,890 Support costs, included ill the gbove, are as follow5.' Other 313.22 31.3.21 UiJi¥>tsl￿( Rc3tiiGt funds Total fund5 funds fuTrJs InsurdDce T¥lephone Postage and statioi)ery Computer softwatr& mainienance Leg&1 & professional fees 17091 9JOI 17,891 9Jlll 18,086 11,617 2J65 4,413 665 3ffj00 3,60 Page 20 cont￿U¢d... Shree Swaminarayan Satsang Notss to the Financial Statements - continued for the year ended 31 March 2022 SUPPORT COSTS - contill￿ed GoverD9￿ce costs 31J.22 Chatitabk Activities 31.3.21 Total activiii¢s Auditors, reynuneratM)D Accountancy fees 5,000 5JUV s,000 5,03 10 TRUSTEES, REMUNERATION AND BEF4EFrrs Thete We￿ no tn]stees' remunerotionor otheTbeneftts fortbe yearellded 31 MaT¢h 2022 nor forthe year endal 31 March2021. Trustee5' upenses There were no trnstees, expenses paidfortheyearended 3 1 March 2022 nor fortlJeyearended31 Ma￿h 2021. STAFF COSTS 313.22 31.3.21 Wa¥es and *laries Soc5&1security costs Ollkerpellsion Go8t5 71,139 (2,066) 826 102,153 5,940 583 69*99 108,676 The &verage monthty number of employees during ¢h¢ year was as follows.. 31322 31.3.21 No empk)yees r￿e1Ved ernoluments in ¢xces5 of £60.000. Page21 continued... Shree Swaminarayan Satsang Notes to the Financial Ststements - continued for the year ended 31 March 2022 T ANGIBLE FIXED ASSETS Fixtures and fittings Freehold property Totals COST At l April 2021 Additions 5,000,000 615,716 5ffj15,716 At 31 Marcb 2022 5.000,000 624999 5.624,999 DEPR£CIATION At l April 2021 Charge foryear 562,50fl 521.077 18 93 7511 ￿28 1,083,577 112678 At 31 March 2022 656,2S 540 005 1196 2SS LYET BOOK VALUE At 3 1 M