Charity registration number: 1113327 THE (DAYALBAGH) RADHASOAMI SATSANG ASSOCIATION OF EUROPE TRUSTEES. REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
The IDayalbagh) Radhasoami Satsang As$ociation of Europe Contents Pago Trustees, Report Independent Examinerfs Report Statement of Financial Activities Statement of Financial Position Notes to the Financial Statements 14 Th& fn!Inwi.ng paoos nnt fnrm p#rt nf thp& Rtatiitnry aprniintA' Detailed Statement of Financtal Actie3 15
The {Dayalbagh) Radhasoaml Satsang Association of Europe Trustees, Report For The Year Ended 31 March 2025 The trustees present their report and the financial ststements for the year ended 31 March 2025. Objectives and Activitiès Alms and Objectives to advance the Radhasoami faith for the benefit of the public and in particular by: providing facilities for propagation of Radhasoami faith and to disseminate its teachings; making arrangement for the holding of Satsang and celebrations of Bhandaras (congregational feasts) throughout the aa of operation of the association. doing all such things as may be conducive for the promotion of religious ideals and seNice to mankind amount the public at large. to relieve needs arising as a result of financial hardships. sickness, old age or youth. Page 1
The {Dayalbagh) Radhasoami Satsang Association of Europe Trustees. Report (contlnued) For The Year Ended 31 March 2025 Slgnlflcant Actlvltles Ms Vinits Sharma was unanimously elected to the Governing Body effective 13 July 2024 Passed the Revised Budget for financial year 2024125 and Proposed Budget for 2025126 Adopted the Accounts for financial year ending 31 March 2024 Adopted the Annual Report of the Association for the year 2023-24 Agreed to open a Community bank account with Natwest Bank Agreed to submit the Annual return to the Charity Commission for financial year 2023124 Europe Region Zonal Satsang (prayer meeting) was held in physical mode at Bimingham Satsang Ghar and in virtual mode for London & Hamburg Branches on 13 July 2024 Statutory submission was made to the Charity Commission by the due date of 31 January 2025 Hartlepool Area Satsang shifted venue in December 2024 to a church building in Newcastle Maintenance activity took place at Satsang Gharfs (prayer halls) as follows.. Birmingham Satsang Ghar.. Replacement conservatory roof and repairs on adjoining wall 11.ahil8.A¥w=i¥.son membèrs Iwomen's Association) of all three branches conttnued to exnibÈÉ vtjfancy by undertaiino various activf(ies in multiple cateoories: VIZ. Textile work - manufacturing various items of daity usage e.g. bowl covers, purses, etc Food production by way of training - Mahilas prepared fresh ground spices, jams, masalas, pickles, hakn, Adult education - conducled various dasse8 like yoga, self-defence and knowledge sharing e.g. 'Benefts of Homo8opathy', etc Children's education - Mahilas coached children in reciting Paath (hymns) in Hindi and Sanskrit and for perfomiing in cultural programmes Skill development classes - eg. cooking, embroidery, knitting, block printing The two Youth Associations in London and Birmingham completed 20 years since formation A total of 37 registered Children participated with great enthusiasm in the Joint CRC Annual Function with Dayalbagh on 19 January 2025 Children regularly participated in seff4efen¢e PT & pradiced meditation technique of reciting 'Ra Dha Sva Aah Mi, at the Five Omni Valent Nerve Centres {Chakras) Two members from the Region fomed part of the global project 'A clinical trial of camel milk consumption on Pulse Oximetry obseTvalions' which was presented as an oral paper at the 6th Internalional Conference on Dayalbagh (Art) Science (& Engineering) of {EvolLrtionarylRe-Evolutionary) Consciousness (DSC) and 47th (Inter) National Systems Conference (NSC) in September 2024 For improving Job placement, many candidates were provided with counselling, CV writing skills and interview practice Knowledge Sharing Webinars were regularly held during the year e.g. 'Mental Health and Welkbeing" An Open Day was held on 8th June. 2024 where 108 members from the local community attended at Stokenchurch Satsang Ghar (prayer hall). It provided visitors with an opportunity to learn about DEI, Satsang Culture and Radhasoami Faith London and Birmingham Branches organized a Yoga event on Intemational Yoga Day on 21st June, 2024 at the Satsang Ghar5 (prayer halls) The Region celebrated 'lnnovation. Quality & Valuation Day. on 31 st October, 2024 with an innovative quiz at London and a lecture at Birmingham Volunteers from London Branch participated in litter picking organised by the local Parish council to clean up Stokenchurch Village in May 2024 Hamburg Branch supported the "Johanniter Christmas Trucker Campaign in December 2024, contributing aid packages with food, hygiene items and toys for disadvantaged families. children and Communities in Southeast Europe and Germany Members at Oslo volunteered for a 20-hour shift at the Dandiya Charity Event, organized by the Indian Community to support the Norwegian Canr Society {Kreftforeningen) Publlc Beneflt The charity arranged Satsang (Holy Prayers) for its followers. Charity also provide cultural activities for children. quiz programme and celebrations of special reluious and cultural events. Page 2
The {Dayalbagh) Radhasoaml Satsang Asso¢iation of Europe Trustees. Report (continued) For The Year Ended 31 March 2025 The trustees confitm that they have complied with the requirements of Section 17 of the Charities Act 2011 to have due regard to the Charity Commission's guidance on public benefit. Flnanclal Review Reserves Policy It is the policy of the charity that unrestricted funds which h8ve not been designated for a specific use should be maintsined at a level equivalent to between three and six month's expenditure. The trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity's Current actmties while consideration is gNen to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year. Structure. Govemance and Management Governing Document Constitution adopted and amended on 5 Mard) 2006 as amended 29 November 2008 and 29 June 2014 Reference and Admlnistrative Details Trusts•s Mr Satyadhar Mitta Dr Shri Gautam Mrs Sumati Singh Mr Mahesh Ohry Mr Suresh Kapoor Dr Anand Srivastav Ms Winita Shamia - 1310712024 (appointed 1310712024) Charity Numb•r 1113327 Prlncipal Address stokenchurch Methodist Church The Commons Stokenchurch Buckinghamshire HP14 3TZ Independent Examiner Sandip Kumar Pinnacle Accountants Chartered Certified Accountants & Registered Auditors 32 De Monffort street Leicester Leicestershire LE17GD Page 3
The {Dayalbagh) Radhasoami Satsang Association of Europe Trustees. Report (contlnued) For The Year Ended 31 March 2025 Statement of Trustees. Responslbilities The trustees are responsible for preparing the Trustees, Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practi*>. The law applicable to charities in England and INales requires the trustees to prepare financial statements 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 period. In preparing the financial statements the trustees are required seled suitable accounting policies and then apply them consistentty., observe the methods and principles in the Charity SORP. make judgments and accounting estimates that are reasonable and prudent., and prepare the financial statements on the going concern basis unless it is inappropriate to presume that the DilS";ess ..ees are responsible fct keepip.g 2AeqiJp.te accoi.Inting reco15 which disclose with r•ason8bte a¢curacy 81 anyiime Ine Tlll£lll¥l¢li FJV)IIIVIT ui iriv biidliiy aiiu iv viiauiv Iiit¥lll Lv Vviiiyiy 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. The trustees are responsible for the maintenance and integrity of the corporate and financial infomiation included on the charity's website. Legislation in the Untied Kingdom governing the preparation and dissemination of financial statements rnay differ from legislation in other jurisdictions. The trustees. report was approved by the board of trustees and signed on its behalf by.. Drsh autam Trustee 6 January 2026 Page 4
The (Dayalbagh) Radhasoami Satsang Assoclatlon of Europe Ind•pendent Examlnerfs Report to th• Trustees of The (Dayalbagh) Radhasoami Satsang Assoclatlon of Europe For The Year Ended 31 March 2025 I report to the trustees on my examination of Ihe accounts of The (Dayalbagh) Radhasoami Satsang Association of Europe (the Trust) for the year ended 31 March 2025. Responsibilities and Basis of Report As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Ad 2011 ('the Acr). I report in respect of my examination of the Trusvs accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed the applicable Directions given by the Charty Commission under section 145(5){b) of the Act. Indepondent Examlnerfs Statement I have completed my examination. I confim that no material matters have come to my attention in connection with the examination giving me cause to believe that in any niaterial respect: 1. accounting records were not kept in respect of the Trust as required by section 130 of the Act. or 2. the accounts do not accord with those records. or 3. the accounts do not comply with the applicable requirements conceming the form and contents of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a Irue and fair view, which is not a matter considered as part of an independent examination. I have no concems and have come across no other matters in connection with the examination to vthich attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Sandip Kumar 6 January 2026 Pinnacle Accountsnts Chartered Certffied Accountants & Registered Auditors 32 De Montfort Street Leicester Leicestershire LE17GD Page 5
The IDayalbagh) Radhasoami Satsang Association of Europe ststement of Financial Activities For The Year Ended 31 March 2025 2025 2024 Unrestrlcted Unrestrlcted funds funds Notes INCOME AND ENDOMIENTS FROM: Donations and legacies Investments 27,229 5,048 85.084 770 32.277 85,854 EXPENDITURE ON: Raising funds NET EXPENDITURE (51.236} (882.918) 118,9591 1191.064) NET MOVEMENT IN FUNDS RECONCILIATION OF FUNDS: Total funds brought forward TOTAL FUNDS CARRIED FORWARD (18.959} (797.064) 616.480 1,413,544 10 597.521 616,480 The notes on pages 8 to 14 fonn part of these financial statements. Page 6
The {Dayalbagh) Radhasoaml Satsang Assoclation of Europe Statement of Financial Position As At 31 March 2025 2025 2024 Unrestricted Total funds funds Notes FIXED ASSETS Tangible Assets 471,123 471.123 471,123 471.123 CURRENT ASSETS Cash at bank and in hand 126,398 145.357 126,398 145.357 NET CURRENT ASSETS {UABIUTIES) 126,398 145,357 TOTAL ASSETS LESS CURRENT LIABILITIES 597,521 616.480 NET ASSETS 597.521 616.480 FUNDS OF THE CHARITY Unrestricted Funds 597,521 616,480 TOTAL FUNDS 10 597,521 616,480 On behalf of the board Dr Shri Gautam Mr Suresh Kapoor Trustee 6 January 2026 Trustee The notes on pages 8 to 14 fonn part of these financial statements. Page 7
The (Dayalbagh) Radhasoami Satsang Association of Europe Notes to the Financial Statements For The Year Ended 31 March 2025 1. General Inforniation The (Dayalbagh) Radhasoami Satsang Association of Europe is an unincorporated charity registered with the Charity Commission, registered charity number 1113327. The principal address is Stokenchurch Methodist Church, The Commons. Stokenchurch, Buckinghamshire, HP14 3TZ. 2. Accounting Policies 2.1. Basis of Preparation of Financial Statements The financial statements have been prepared in accordan with the Charities SORP (FRS 102) "Accounting and Reporting by Charities.. Statement of Recomrnended Practice appliGable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)" Financial Reporting Standard 102 'The Financial Reporting Standard The ch.grty is a Public Benefrt Entty as define(I by FRS 102. 2.2. Exemption From Preparlng Consolidated Flnancial Statsments The charity has t8ken advantage of the exemption under section 139 of the Charities Act 2011 not to prepare consolidated accounts. The financial statements present information about the charty as an individual entty and not about its group. 2.3. Golng Concern Dlsclosure The trustees have not identified any material uncertainties related to events or conditions that may cast significant doubt about the cherity's ability to continue as a going concem. 2.4. Slgnlflcantjudgements and estlmatlons In the application of the charity's accounting policies. the Irustees are required to make judgements. estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be reSevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods. 2.5. Fund Accounting Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Designated funds comprise unrestricted funds that have been set aside by the trustees for a specific purpose. Restricted fvnds are to be used for specific purposes as laid down by the donor. Further explanation of the natu and purpose of each fund is included in the notes to the financial statements. Page 8
The {Dayalbagh) Radha$oami Satsang Assoclatlon of Europe Notes to the Flnanclal Statements (continued) For The Year Ended 31 March 2025 2.6. Incoming Rasources 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 charty 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. Legacies are recognised on receipt or otheThvise if the charity has been notified of an impending distribution. the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a Contingent asset. 2.7. Resources Expended Expenditure is ognIsed once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably. Expenditure is classified by activty. The costs of each activty are made up of the total of direct costs and shar8d costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned beeen those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the assel's use. 2.8. Tangible Flxed Assets and Depreciation Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impaimient losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases.. Freehold not depreciated 2.9. Investment Propertles All investment properties are carried at fsir value detemiined annually and derived from the Current market rents and investment property yields for comparable real estate, adjusted if neSSary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the statement of financial activities. 2.10. Leaslng and Hire Purchase Contracts Assets obtained under finan leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease temi and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substsntially all of the benefits and risks of ownership are assumed by the charity. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental paymenl is charged to the statement of financial activities so as to produce a constant periodic rate of charge on the net obligation outstanding in each period. Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the statement of financial activities as incurred, Page 9
The (Dayalbagh) Radhasoaml Satsang Assoclatlon of Europe Notes to the Financial Stat•m•nts leontinu•d) For The Year Ended 31 March 2025 2.11. Stocks and Work in Progress Stocks and work in progress are valued at the lower of cosl and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost is detemined using the fsrst-in, first-out method. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work in progress is refiected in the accounts on a contract by contract basis by recording tumover and related costs as contract activity progresses. At the end of each reporting period stocks are assessed for impainnent. If an item of stock is impaired, the identified stock is reduced to its selling price less costs to complete and sell and an impairment charge is cognised in the statement of financial actmties. Where a reversal of the impairment is required the statement of financial athities. Cash and cash equivalents are basic financial assets and indude cash in hand and deposits held at call with banks, other short4erm hhlY liquid investments thal mature in no more than three months from the date of acquisition and are readily Convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts. 2.13. Forelgn Currencles Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating surplus. 2.14. Taxation The charty is exempt from tax as all its income is charitable and applied for charitable purposes. 2.15. Provisions and Contlngencies Provlslons Provisions are recognised when the charity has a present legal or constructive obligation as a result of past events" it is probable that an oufflow of resources will be required to settle the obligation. and the amounl of the obligation can be estimated reliably. Where there are a number of similar obligations, the likelihood that an oufflow will be required in settlemerrt is detennined by considering the class of obligations as a whole. A provision is recognised even if the likelihood of an outflow wrth respect to any one item included in the same Class of obligations may be small. Provisions are measured at the present value of the expenditures expected to be required lo settle the obligation using a pre-tax rate that reflects current market assessments of the time value of money and the risks specific to the obligation. The increase in the provision due to passage of time is recognised as a finan cost. Contingencies Contingent liabilities are not recognised. Contingent liabilities arise as a result of past events when (i) it is not probable that there will be an oufflow of resources or that the amount cannot be reliably measured at the reporting date or (li) when the existence will be confimied by the occurrence or non-occurrence of uncertain future events not wholly within the charity's control. Contingent liabilities are disclosed in the financial statements unless the probability of an oufflow of resources is remote. ..CONTINUED Page 10
The (Dayalbagh) Radhasoaml Satsang Assoclation of Europe Notes to the Flnanclal Statements (continued) For The Year Ended 31 March 2025 2.15. Provlslons and Contlngencies - continued Contingent assets are not recognised. Contingent assets are disclosed in the financial statements when an inflow of economic benefits is probable. 2.16. Employee Beneffts The ¢osts of short-term employee benefrts are reco9nised as a liabilty and an expense. unless those costs are required to be recognised as part of the cost of stock of fixed assets. The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received. Termination benefrts are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide temination benefits. 2.17. Pensions The charity operates a defined pension contribution scheme. Contributions are charged to the Ststement of Financial Activities as they become payable in accordance with the rules of the scheme. 3. Income from Donations and Legacies 2025 2024 Unrestrfcted Unrestricted funds funds Donations and gifts: Donations and gifts 27,229 85,084 4. Investment Income 2025 2024 Unrestricted Unrestrict•d funds funds Bank inter8St receivable 5,048 770 5. Anatysls of Expenditure 2025 Activities undertaken Support directly costs (see note 6) (See note 7) Total Raising funds 3,949 47,287 51,236 Page 11
The IDayalbagh) Radhasoami Satsang Association of Europé Notes to the Finaneial Statements (Continued) For The Year Ended 31 March 2025 2024 Activities undertaken Support dlrectly costs {see note 6) (see note 7) Total Raising funds 4,555 878,363 882,918 6. Direct Costs 2025 Raising funds Fundraising a¢tivities'. E Satsang expenditure - Capex Expenses on Bhandara, Basant and Holi Garland and parsad Open day and yoga 1.199 192 2,278 280 3,949 2024 Raising funds Fundraising activities: E Satsang expenditure - Capex Expenses on Bhandara, Basant and Holi Expenditure on celebrationslPropogation Garland and parsad 2,529 487 206 1,333 4,555 7. Support Costs 2025 Raising funds Premises expenses.. Rates Light and heat Vvater rates Repairs and maintenance 4,342 4.630 415 2,229 ..CONTINUED Page 12
The (Dayalbagh) Radhasoami Satsang Assoclation of Europé Notes to the Financial Statements (contlnued) For The Year Ended 31 March 2025 Cleaning General administration: Insurance Printing. postage and stationery Telecommunications Accountancy fees Charitable donations Sundry expenses Interest payable.. Bank charges Foreign exchange charges 245 1,488 2,248 300 30,000 1.076 91 204 47,287 2024 Raising funds Premises expenses: Rates Light and heat Repairs and maintenan General administration: Computer software, consumables and maintenance Insurance Telecommunications Accountancy fees Professional fees Charitsble donations Sundry expenses Interest payable.. Bank charges Foreign exchange charges 1,379 2,993 5.183 298 2.929 1.740 250 3,007 855,906 5,184 211 (715) 878,363 8. Average Number of Employ•es Average number of employees during the year was: NIL (2024.. NIL) Page 13
The IDayalbagh) Radhasoami Satsang Associatlon of Europe Notes to the Flnanclal Statsments (continu•d) For The Year Ended 31 March 2025 9. Tangible Assets Land & Property Freehold Cost As at 1 April 2024 As at 31 March 2025 471,123 471,123 Net Book Value As at 31 March 2025 471,123 A5 at 1 ri12024 471,123 10. Movement In Funds As at 1 April 2024 Asat31 Expendlture March 2025 Income Unrestricted funds General: General unrestricted fund 616,480 32.277 (51,236) 597,521 Total funds 616,480 32.277 {51,2361 597.521 As at 1 April 2023 Asat31 Expenditure March 2024 Income Unrestricted funds General: General unrestricted fund 1,413.544 85,854 (882,918) 616,480 Total funds 1,413,544 85,854 (882,918) 616,480 11. Transactlons with Trustees None of the trustees received any remuneration or any other benefits from an employment viith the charty or related entity during the current or previous year. No trustee expenses have been incurred. 12. Relat•d Party Disclosures Page 14
The (Dayalbagh) Radhasoami Satsang Assoclatlon of Europe Detailed Statement of Financial Actlvltles For The Year Ended 31 March 2025 2025 2024 Total funds Total funds INCOME AND ENDOWMENTS FROM: Donations and legacies Donations and grfts 27,229 85.084 27,229 85,084 Investments Bank interest rec8ivab18 5.048 770 5,048 770 32,277 85.854 EXPENDITURE ON: Ralslng funds E Salsang expenditure - Capex Expenses on Bhandara, Basant and Holi Expenditure on celebrationslPropogation Garland and parsad Open day and yoga Rates Light and heat Water rales Repairs and maintenance Cleaning Computer software. consumable5 and maintenance Insurance Printing, postage and stationery Telecommunications Accountsncy fees Professional fees Charitable donations Sundry expenses Bank charges Forewn exchange charges (1,199) <192) {2,529) (487) (206) (1,333) (2.278) {280) (4,342) (4,630) {415} (2.229) {245) (1,379) (2,993) (5,183) (296) (2,929) (1,488) (19) (2,248) {300) (1,740) (250) (3,007) (30,000) {855,906) (1,076) (5,184) 191) (211) (204) 715 (51,236} (882,918) (51,236) {882,918) NET EXPENDITURE {18,959) (797,064) Page 15