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← Atma Vignani Dada Bhagwan Foundation

2022-04-05-accounts

Charity Registration No. 1097197

ATMA VIGNANI DADA BHAGWAN FOUNDATION

TRUSTEES' REPORT AND ACCOUNTS FOR THE YEAR ENDED 5 APRIL 2022

ATMA VIGNANI DADA BHAGWAN FOUNDATION

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees Mr R B Patel Mr P J Karia Mr C M Mistry Mrs H B Patel Dr S S Patel Mr P V Shah Dr D S Patel Charity number 1097197 Principal address Unit 2 Columbus House Stonefield Way Ruislip Middlesex HA4 0JA Auditors Gerald Edelman LLP 73 Cornhill London EC3V 3QQ Bankers Barclays Bank 15/17 Bridge Street Pinner Middlesex

ATMA VIGNANI DADA BHAGWAN FOUNDATION

CONTENTS

Page
Trustees' report 1 - 11
Statement of trustees' responsibilities 12
Independent auditors' report 13 - 16
Statement of financial activities 17
Balance sheet 18
Cash flow statement 19
Notes to the accounts 20 - 25

ATMA VIGNANI DADA BHAGWAN FOUNDATION

TRUSTEES' REPORT FOR THE YEAR ENDED 5 APRIL 2022

The Trustees present their report and accounts for the year ended 5 April 2022.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Charities Act 2011 and “Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)” (as amended for accounting periods commencing from 1 January 2019)

Objectives and activities

Objects

The objectives of the charity are:

Strategies employed to achieve the charity's objectives include to:

Public Benefit

The trustees confirm that they have referred to the guidance contained in the Charity Commissioner's general guidance on Public Benefit when reviewing the Trust's aims and objectives and in planning future activities. The trustees consider that the charity's aim are demonstrably to the public benefit.

ATMA VIGNANI DADA BHAGWAN FOUNDATION

TRUSTEES' REPORT (CONTINUED)

FOR THE YEAR ENDED 5 APRIL 2022

Achievements and performance

Most of the activities this year were online, due to COVID cases rising on and off.

National Sundays

Themed virtual National Sundays that were started last year continued for the first quarter of this financial year, with different Centres teaming up each week for talent presentation and Dadavani magazine’s monthly readings.

The year started with online celebration of Lord Mahavir Swami Janmakalyanak and Lord Simandhar Swami Kevalgnan Kalyanak on 25[th] April. As part of the UK National Sunday satsang, the celebrations commenced with prayers followed by a special video on Simandhar Swami and Pratikraman. Mahatmas did pratikraman and asked for forgiveness for all the hurts given to their close relations. This was then proceeded by Prakshal Pujan of small Simandhar Swami idols in their own homes. Whilst pujan was performed, there was Live National Bhakti, where mahatmas representing all the 15 Centres of UK were singing Gnan Bhakti pads. A homemade prasad of choice was also offered after the Pujan. The celebrations were then rounded off with Simandhar Swami and Dada Bhagwan Arti. This was the first time that over 200 households from across UK did prakshal simultaneously.

Pujyashree’s 69[th] Birthday

On 9[th] May, Global Swaroop Kirtan Bhakti was organised from the Main Adalaj Centre, India, wherein all countries participated for an hour’s allocated slots. May the world become free from the pandemic and may all get the uninterrupted, continuous support of the Gnan and the Gnani during mental, physical and externally induced suffering. Along with these intentions, prayers for good health and long life for our most revered Gnani, Pujyashree were also incorporated. In UK, singers representing from all Centres around the country participated by doing Virtual live Kirtan Bhakti within the one hour slot of 12.30 – 1.30 pm.

Virtual Hindi Bhakti for Covid

On 8[th] May, a special Virtual Bhakti session in Hindi was held as part of Pujyashree’s birthday by the Akram Bhakti Group, with UK mahatmas coming together to send powerful, positive vibrations in the Universe. Pujyashree did Vidhi (special prayers) every day for all affected Covid patients across the world, during this difficult period of the lockdown.

17[th] Anniversary of UK Centre Swami

On Sunday 16[th] May, GNC kids presented a special session which included Vidhis, prayers and presentation on Simandhar Swami. This was practised and prepared during their GNC online sessions.

Dada Darshan Ruislip reopens

On the auspicious day of Bestu Varash, Friday 5[th] November, Dada Darshan reopened to celebrate the festival of Diwali and New Year. Mahatmas came from all over London to do Darshan, Vidhis/prayers and participated in hourly artis. They were also able to view the unique Gnan Annkut, Mission Home Exhibition. Safety guidelines related to COVID were introduced along with online registration process.

Daily online sessions

All the daily online sessions which were introduced last year, successfully continued this year as well, with a good number of mahatmas attending from all over the UK.

ATMA VIGNANI DADA BHAGWAN FOUNDATION

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2022

Gurupurnima

On 5[th] and 6[th] August, mahatmas of UK were blessed with one-to-one Virtual Darshan of Pujyashree. Mahatma families were allocated timed slots to do Darshan and ask for strength on Gurupurnima.

Janmashtami Celebration

On 28[th] Aug, Janmashtami was celebrated virtually with a special GNC presentation and Artis.

Janma Jayanti 114

Dada Bhagwan’s 114[th] Janma Jayanti was celebrated on 21[st] November at Dada Darshan Ruislip, with Vidhis, Satsang, GNC performance and Artis. Mahatmas came together to celebrate this auspicious day with much devotion. Mission Home exhibition viewing was also kept open during the event.

Hedgerow Planting

As part of Queen’s Platinum Jubilee Green Canopy initiative, adults and kids donned their wellies and volunteered for Hedgerow planting on Saturday 29[th] January, at Whitefriars Open Space, Harrow. Around 40 people participated and planted.

Valentine’s Day

UK mahatmas got a special Valentine’s Day gift on Sunday 13[th] February in the form of an interactive online satsang with Aptaputras Sanjaybhai and Devenbhai, on the theme of Pure Love.

Akram Bhakti

Akram Bhakti group was quite active this year providing Funeral prarthna services online for 6 of the families who had lost their loved ones. Additionally, 4 celebratory Bhaktis were done online for Simandhar Swami Janma Kalyanak, Swami Kevalgnan Kalyanak, Dada’s 114[th] Janmajayanti, Niruma’s 78[th] Birthday. A unique Bhakti was done on 8[th] May as a Covid Prayer, by all the Hindi speaking mahatmas, for the salvation of the world.

Pujyashree’s visit to UK

Obstructions to Gnani’s darshan finally cleared in response to all the Bhav and prayers of UK Mahatmas. After a gap of two and a half years, Pujyashree visited UK from 12[th] – 27[th] October 2021. Several informal sessions in smaller groups, Darbars, Satsang discourses and Gnan Vidhi were organised in Leicester and London. Mahatmas from all over UK came to do Darshan of the Gnani and felt immensely rejuvenated.

ATMA VIGNANI DADA BHAGWAN FOUNDATION

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2022

Leicester 14[th] – 19[th] October 2021 at Shree Ram Mandir

As this was the first time that Pujyashree came to UK during Navratri, the hall and stage décor was done on Navratri theme, along with a beautiful Rangoli. GNC kids did a special Garba dance and showcased their skills. A surprise walk and informal time with Pujyashree was organised for the followers in Knighton Park, Leicester on 16[th] October. Mahatmas had a great time in the park walking in the glorious sunshine, asking questions, sharing experiences and doing garba too.

London 20[th] – 27[th] October 2021 at Harrow

As it was the auspicious pre-Diwali time during the London event, the stage, hall and foyer décor was done on Diwali theme, along with a Diva logo Rangoli. Mahatmas and new seekers from all around UK attended the informal sessions, general satsangs and Gnan Vidhi. GNC kids did a beautiful welcome dance on this auspicious occasion of Pujyashree’s presence in UK. Sevarthis/volunteers had a chance to share their experiences of doing seva in different departments throughout the year. Everyone had an opportunity to enjoy a special lunch followed by Garba and informal session at Blue Room with Pujyashree.

Pujyashree bestowed the mahatmas with a lot of one-to-one time, thus providing solace after the fearful effects of the pandemic. Attendees experienced an endless flow of grace and felt as if their hearts were lit up in the spiritual cocoon of the Gnani.

GNC Online (5-10 year olds)

Online sessions are fortnightly, on Sundays. The session comprises of prayers, a craft activity, and a story or key messages about Akram Science.

Book Club (11-14 year olds) and Y-Boys (15-21 years)

Sessions are fortnightly, on Sunday, where children from London, Birmingham and the rest of the country join to learn more about Akram Science.

Y-Girls (13-16 year olds) and Bookmarked (girls aged 17-25 years). Akram Cooking Club (13-25 year olds)

Y-Girls sessions are once a month, Bookmarked sessions are weekly, and there is a joint session for all YMHT girls once a month. Y-Girls have covered the various characters of Ramayan, and continue to discuss topics from Akram Youth magazine, with good use of games and interaction.

GNC Online (5-10 year olds)

Online sessions are fortnightly, on Sundays. The session comprises of prayers, a craft activity, and a story or key messages about Akram Science.

Book Club (11-14 year olds) and Y-Boys (15-21 years)

Sessions are fortnightly, on Sunday, where children from London, Birmingham and the rest of the country join to learn more about Akram Science.

Y-Girls (13-16 year olds) and Bookmarked (girls aged 17-25 years). Akram Cooking Club (13-25 year olds)

Y-Girls sessions are once a month, Bookmarked sessions are weekly, and there is a joint session for all YMHT girls once a month. Y-Girls have covered the various characters of Ramayan, and continue to discuss topics from Akram Youth magazine, with good use of games and interaction.

ATMA VIGNANI DADA BHAGWAN FOUNDATION

TRUSTEES' REPORT (CONTINUED)

FOR THE YEAR ENDED 5 APRIL 2022

Girls from Bookmarked are also sevarthis across different teams, including for GNC online and the AV team. During Pujyashree’s UK tours in October 2021 and June 2022, these girls have been involved actively in seva.

Donations

The charity donated £300,000 over the year to Amba Charitable Foundation and £350,000 to Simandhar Swami Aradhna Trust. The updates on utilisation are as follows:

Amba Health Centre and Hospital (AHCH) was approved as a private Covid Care

Hospital by the collector, Gandhinagar and provided the following facilities:

ATMA VIGNANI DADA BHAGWAN FOUNDATION

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2022

ATMA VIGNANI DADA BHAGWAN FOUNDATION

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2022

ATMA VIGNANI DADA BHAGWAN FOUNDATION

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2022

1. Junagadh Temple:

The Temple was inaugrated in January 2022. The Temple is up and running since then. The major construction expenses includes Cement, bricks, sand, plumbing and electrical connections, tiles, marbles, iron and steel, contract labour expenses etc.

ATMA VIGNANI DADA BHAGWAN FOUNDATION

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2022

2. New Aptsankul:

Ground-breaking ceremony had taken place of New Aptsankut in March 2019. The construction commenced in May 2019 and is under progress. 6 buildings of 3 storey each and a separate kitchen are under construction. Various construction retated expenses incurred such as Bricks, lron and Steel, Cement, sand, labour contract etc. Further, Furniture and networking projects are also going on.

ATMA VIGNANI DADA BHAGWAN FOUNDATION

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2022

Financial review

The net expenditure for the year amounted to £66,352 (2021 Income: £829,512) after the credit of unrealised investment gains of £132,321.

Total income was £533,191 (2021: £1,008,659). Income from donations was £532,934 (2021- £1,007,341).

Total expenditure was £731,864 (2021; £410,048). The majority of such expenditure related to the funding of charitable projects of £696,430 as detailed in note 4. Support and governance costs totalled £35,434 (2021: £17,827).

The charity had unrestricted reserves at 5 April 2022 of £1,128,425 (2021: £1,327,098) as represented by net current assets. The Trustees believe that it is necessary to hold such reserves to finance their ongoing planned expenditure and commitments as well as an adequate reserve for unforseen contingincies.

The trust held quoted investments as at 5 April 2022 of £750,859. A revaluation gain of £132,321 was credited to the Statement of Financial Activities in the year.

Structure, governance and management

The charity is an unincorporated trust and was established by a charitable trust deed on 23 June 2002.

The Trustees who served during the year were: Mr R B Patel Mr P J Karia Mr C M Mistry Mrs H B Patel Dr S S Patel Mr P V Shah Dr D S Patel

Th trustees are appointment in line with charity's rule D1-3.

AVDBF is fortunate to have trustees from diverse backgrounds and with a range of skills. These include financial, business. experience of the community and voluntary sector, health and social care sector. New Trustees are appointed from the supporters of the Trust by the Board to expand the existing skills as necessary.

The Board of Trustees administer the charity. No member has executive authority and at least two Trustees are required to make decisions on any financial matter relating to the charity. Regular meetings of the Board are held to progress the business of the charity. There are no paid staff and all members work on a voluntary basis.

The Trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.

Disclosure of audit information

Each of the Trustees has confirmed that there is no information of which they are aware which is relevant to the audit, but of which the auditor is unaware. They have further confirmed that they have taken appropriate steps to identify such relevant information and to establish that the auditor is aware of such information.

ATMA VIGNANI DADA BHAGWAN FOUNDATION

TRUSTEES' REPORT (CONTINUED)

FOR THE YEAR ENDED 5 APRIL 2022

Auditors

Gerald Edelman LLP as auditors have expressed their willingness to continue in office and a proposal for their re-appointment will be put forward at the next annual general meetings.

On behalf of the board of Trustees

Mr P V Shah

Trustee Dated: 1 February 2023

ATMA VIGNANI DADA BHAGWAN FOUNDATION

STATEMENT OF TRUSTEES' RESPONSIBILITIES

The Trustees are responsible for preparing the Trustees' Report and the accounts 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 accounts for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that year.

In preparing these accounts, the Trustees are required to:

The Trustees are responsible for keeping sufficient accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the accounts comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. 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.

ATMA VIGNANI DADA BHAGWAN FOUNDATION

INDEPENDENT AUDITORS' REPORT

TO THE TRUSTEES OF ATMA VIGNANI DADA BHAGWAN FOUNDATION

Opinion

We have audited the financial statements of Atma Vignani Dada Bhagwan Foundation ('the charity') for the year ended 5 April 2021 which comprises the statement of financial activties, the balance sheet, the statement of cash flows and the notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion, the financial statements:

-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and -have been prepared in accordance with the requirements of the Charities Act 2011.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the Trustees use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the Trustees with respect to going concern are described in the relevant sections of this report.

Other information

The Trustees are responsible for the other information. The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. Our opinion on the financial statements does not cover the other information and we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

ATMA VIGNANI DADA BHAGWAN FOUNDATION

INDEPENDENT AUDITORS' REPORT (CONTINUED)

TO THE TRUSTEES OF ATMA VIGNANI DADA BHAGWAN FOUNDATION

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters where the Charities Act 2011 requires us to report to you if, in our opinion:

Responsibilities of Trustees

As explained more fully in the statement of Trustees responsibilities, the Trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the Trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the Trustees are responsible for assessing the charity’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Trustees either intend to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlines above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.

Extent to which the audit was considered capable of detecting irregularities, including fraud

In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and noncompliance with laws and regulations, our procedures included the following:

•The engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations.

•Enquiring of management of whether they are aware of any non-compliance with laws and regulations.

•Enquiring of management whether they have knowledge of any actual, suspected or alleged fraud.

•Enquiring of management their internal controls established to mitigate risk related to fraud or noncompliance with laws and regulations.

•Discussions amongst the engagement team on how and where fraud might occur in the financial statements and any potential indicators of fraud. As part of this discussion, we identified potential for fraud in the following areas; posting of unusual journals.

•Obtaining understanding of the legal and regulatory framework the company operates in focusing on those laws and regulations that had a direct effect on the financial statements or that had a fundamental effect on the operations. The key laws and regulations we considered in this context included UK Charities Act, tax legislation,data protection, anti-bribery and health and safety.

ATMA VIGNANI DADA BHAGWAN FOUNDATION

INDEPENDENT AUDITORS' REPORT (CONTINUED)

TO THE TRUSTEES OF ATMA VIGNANI DADA BHAGWAN FOUNDATION

Audit response to risks identified

Fraud due to management override

To address the risk of fraud through management bias and override of controls, we:

•Audited the risk of management override of controls, including through testing journal entries for appropriateness

•Assessed whether judgements and assumptions made in determining the accounting estimates set out in note 2 were indicative of potential bias; and

Irregularities and non-compliance with laws and regulations

In response to the risk of irregularities and non compliance with laws and regulations, we designed procedures which included, but are not limited to:

The test nature and other inherent limitations of an audit, together with the inherent limitations of any accounting and internal control system, mean that there is an unavoidable risk that even some material misstatements in respect of irregularities may remain undiscovered even though the audit is properly planned and performed in accordance with ISAs (UK). Furthermore, the more removed that laws and regulations are from financial transactions, the less likely that we would become aware of non-compliance.

Our examination should therefore not be relied upon to disclose all such material misstatements or frauds, errors or instances of non-compliance that might exist. The responsibility for safeguarding the assets of the charity and for the prevention and detection of fraud, error and non-compliance with law or regulations rests with the trustees.

A further description of our responsibilities is available on the Financial Reporting Council’s website at: https://www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

ATMA VIGNANI DADA BHAGWAN FOUNDATION

INDEPENDENT AUDITORS' REPORT (CONTINUED)

TO THE TRUSTEES OF ATMA VIGNANI DADA BHAGWAN FOUNDATION

Other matters

Your attention is drawn to the fact that the charity has prepared the financial statements in accordance with 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)' in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn.

This has been done in order for the financial statements to provide a true and fair view in accordance with current Generally Accepted Accounting Practice.

This report is made solely to the charity's trustees, as a body, in accordance with part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charity's trustees those matters we are required to state to them in an auditors' report and for no other purposes. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity's trustees as a body, for our audit work, for this report, or for the opinions we have formed.

Asgher Sultan FCCA (Senior Statutory Auditor) Gerald Edelman LLP

Chartered Accountants Statutory Auditor

73 Cornhill London EC3V 3QQ

Dated: 1 February 2023

ATMA VIGNANI DADA BHAGWAN FOUNDATION

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 5 APRIL 2022

Unrestricted
Restricted
funds
funds
Notes
£
£
Income from:
Donations and legacies
2
532,934
-
Investment income
3
107
-
Other income
150
-
Total income
533,191
-
Expenditure on:
4
Charitable activities
731,864
-
Net (expenditure)/income before
investment returns
(198,673)
-
Other recognised gains and losses
Gains on investment assets
132,321
-
Net (expenditure)/ income for the year
(66,352)
-
Fund balances at 6 April 2021
4,724,038
243,909
Fund balances at 5 April 2022
4,657,686
243,909		 Total
2022
£
532,934
107
150
533,191
731,864
(198,673)
132,321
(66,352)
4,967,947
4,901,595		 Total
2021
£
1,007,341
1,318
-
1,008,659
410,048
598,611
230,541
829,152
4,138,795
4,967,947

ATMA VIGNANI DADA BHAGWAN FOUNDATION

BALANCE SHEET

AS AT 5 APRIL 2022

Notes
Fixed assets
Tangible assets
7
Investments
8
Current assets
Debtors
9
Cash at bank and in hand
Creditors: amounts falling due within
one year
10
Net current assets
Total assets less current liabilities
Income funds
Restricted funds
11
Unrestricted funds:
Other charitable funds		 2022
£
£
3,022,311
750,859
3,773,170
1,649
1,168,406
1,170,055
(41,630)
1,128,425
4,901,595
243,909
4,657,686
4,901,595		 2021
£
£
3,022,311
618,538
3,640,849
201,564
1,167,164
1,368,728
(41,630)
1,327,098
4,967,947
243,909
3,780,594
4,967,947		 2021
£
£
3,022,311
618,538
3,640,849
201,564
1,167,164
1,368,728
(41,630)
1,327,098
4,967,947
243,909
3,780,594
4,967,947
3,640,849
1,327,098
4,967,947
243,909
3,780,594
4,967,947

The accounts were approved by the Trustees on 1 February 2023

c()rJ1)

Dr S S Patel

Trustee

ATMA VIGNANI DADA BHAGWAN FOUNDATION

CASH FLOW STATEMENT

FOR THE YEAR ENDED 5 APRIL 2022

Notes
Net cash inflow from operating activities
13
Capital expenditure and financial investment
Payments to acquire tangible fixed assets
Net cash inflow from capital expenditure and
financial investment
Increase/(decrease) in cash
Balance brought forward
Balance carried forward		 - 2022
£
1,242
-
1,242
1,167,164
1,168,406		 (522,172) 2021
£
513,775
(522,172)
(8,397)
1,175,561
1,167,164

ATMA VIGNANI DADA BHAGWAN FOUNDATION

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 5 APRIL 2022

1 Accounting policies

1.1 Basis of preparation

The financial statements have been prepared in accordance with the charity's governing document, the Charities Act 2011 and “Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)” (as amended for accounting periods commencing from 1 January 2019). The charity is a Public Benefit Entity as defined by FRS 102.

The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

Going concern

At the time of approving the financial statements, the Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the Trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.2 Incoming resources

Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

All other income is included in the accounts on an accruals basis.

1.3 Resources expended

Liabilities are recognised as resources expended as soon as there is a legal or constructive obligation committing the charity to the expenditure. All resources expended are accounted for on an accruals basis and the irrecoverable element of VAT is included in the expense to which it relates

.

Charitable expenditure includes payments made to third parties in the furtherance of the charitable activities of the Trust. Grants are recognised in the accounts when paid or when the Trustees have agreed to pay the grant without condition. Charitable expenditure also includes support costs incurred regarding the provision and supervision of charitable projects. Support costs include governance costs represented by audit costs and other professional fees incurred in connection with the meeting of the charity's constitutional and statutory obligations.

1.4 Tangible fixed assets and depreciation

Tangible fixed assets other than freehold land are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Fixtures, fittings & equipment 25% on a reducing balance method

Freehold land and buildings held for charity use are included at cost as allowed by the Statement of Recommended Practice.

ATMA VIGNANI DADA BHAGWAN FOUNDATION

NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2022

1 Accounting policies

(Continued)

1.5 Investments

Investments are stated at market value. Realised and unrealised gains and losses on investments are dealt with in the Statement of Financial Activities.

1.6 Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular purposes within the objects of the charity. Restricted funds are funds subject to specific conditions imposed by donors as to how they may be used.

1.7 Taxation

As a registered charity it is exempt from tax on its activities which fall within the scope of part 10 ITA 2007 and section 256 of the Taxation of Chargeable Gains Act 1992.

2 Donations and legacies

General donations
Leicester building fund
3
Investment income
Interest receivable		 2022
£
532,934
-
532,934
2022
£
107		 2021
£
975,039
32,302
1,007,341
2021
£
1,318

ATMA VIGNANI DADA BHAGWAN FOUNDATION

NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2022

4 Expenditure

Expenditure
Charitable activities
Activities supported in India
Support costs
Governance costs		 Other
costs
£
-
30,634
30,634
4,800
35,434		 Grant
funding
£
696,430
-
696,430
-
696,430		 Total
2022
£
696,430
30,634
727,064
4,800
731,864		 Total
2021
£
400,000
5,248
405,248
4,800
410,048

Governance costs includes payments to the auditors of £4,800 (2021: £4,800) for audit fees.

5 Trustees

None of the Trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year. No expenses were refunded to the trustees in the year.

6 Employees

The average monthly number of employees during the year was:

2022 2021
Number Number
- -

ATMA VIGNANI DADA BHAGWAN FOUNDATION

NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2022

7
Tangible fixed assets
Cost
At 6 April 2021 and 2022
Depreciation
At 6 April 2021 and 2022
Net book value
At 5 April 2022
At 5 April 2021
All tangible fixed assets are held for charity use.
8
Fixed asset investments
Market value at 6 April 2021
Change in value in the year
Market value at 5 April 2022
Historical cost:
At 5 April 2022
At 5 April 2021
Investments are all UK stocks.
9
Debtors
Other debtors		 Land and
buildings
Fixtures,
fittings &
equipment
£
£
3,022,172
5,717
-
5,578
3,022,172
139
3,022,172
139
2022
£
1,649		 Total
£
3,027,889
5,578
3,022,311
3,022,311
£
618,538
132,321
750,859
461,081
461,081
2021
£
201,564

ATMA VIGNANI DADA BHAGWAN FOUNDATION

NOTES TO THE ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 5 APRIL 2022

10 Creditors: amounts falling due within one year

Creditors: amounts falling due within one year
Accruals
Deferred income		 2022
£
4,800
36,830
41,630		 2021
£
4,800
36,830
41,630

11 Restricted funds

The charity had restricted funds as at 5 April 2022 of £243,909 which represents the contributions from donors towards the cost and running of tangible fixed assets for charity use.

12 Analysis of net assets between funds

12
Analysis of net assets between funds		 12
Analysis of net assets between funds
£
£
Unrestricted
funds
Restricted
funds
Fund balances at 5 April 2022 are represented by:
Tangible fixed assets
2,778,402
243,909
Investments
750,859
-
Current assets
1,170,055
-
Creditors: amounts falling due within one year
(41,630)
-
4,657,686
243,909
Unrealised gains included above:
On investments
289,778
-
Reconciliation of movements in unrealised gains
Net gains on revaluations in year
132,321
-
13
Net cash inflow from operating activities
Reconciliation to changes in resources
Changes in resources before revaluations
Depreciation of tangible fixed assets
Difference between pension charge and cash contributions
Decrease in debtors
Increase/(decrease) in creditors		 2022
£
(198,673)
-
199,915
-
1,242		 Total
£
3,022,311
750,859
1,170,055
(41,630)
243,909 4,901,595
- 289,778
- 132,321
2021
£
598,611
47
-
63,627
(148,510)
513,775

ATMA VIGNANI DADA BHAGWAN FOUNDATION

NOTES TO THE ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 5 APRIL 2022

14 Related parties

Donations totalling £2,912 (2021: £619,604) were made by the Trustees in the year. No other related party transactions occurred in the year.