2023-09-30-accounts - Bhagwan Shree Lakshmi Narayan Dham (UK)

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REGISTERED COMPANY NUMBER: 05574642 (England and Wales) REGISTERED CHARITY NUMBER: 1113347

REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023

FOR

BHAGWAN SHREE LAKSHMI NARAYAN DHAM (UK)

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023

		Page
Report of the Trustees	1	to	4
Independent Examiner's Report		5
Statement of Financial Activities		6
Balance Sheet		7
Notes to the Financial Statements	8	to	12
Detailed Statement of Financial Activities		13

BHAGWAN SHREE LAKSHMI NARAYAN DHAM (UK)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 SEPTEMBER 2023

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 30 September 2023. The trustees have adopted the provisions of 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) (effective 1 January 2019).

Report of the Trustees for the Year end 30 September 2023

Objectives and visionary statement of BSLND UK

Bhagwan Shree Lakshmi Narayan Dham - UK, is part of a charity led by His Holiness across a global platform. Acclaimed Brahmrishi Shree Kumar Swami Ji, Gurudev, as he is affectionately known to millions has devoted their entire life to spread the spiritual message of peace, kindness and love to all religions and walks of life. His message of interfaith harmony is simple, precise, and dedicated to the welfare of humanity. Over their lifetime, and through teachings from his spiritual Guru, Gurudev has successfully acquired and translated the ancient secrets from scriptures and has made it their life's mission through dedication in delivering this much needed message for the betterment of humanitarian.

Gurudev has extensively travelled the globe with a mission to instil the virtues of equality and brotherhood in people belonging to different religions, cultures, and backgrounds. Through conventions in several countries in Europe, Asia, North America, Africa, and Middle East, he has spread the message of equality, internal peace, and human welfare. His conventions draw people from all walks of life including intellectuals, political leaders, film personalities, bureaucrats, medical practitioners, and scientists.

The Charity aims to hold on average forty samagams (conventions) on a global platform annually including Europe and as far as Australia and New Zealand. With Europe and UK being important areas with strong following there are usually about six held here. The conventions are watched by hundreds of thousands of followers by live telecast globally, allowing the charity to be an experienced and well-versed supporting entity.

Following global pandemic (Covid 19), BSLND UK continues to focus on core support services and establishing once again its fundamentals during these unprecedented times of global humanitarian crisis. As the charity continues to realign its resources and charity funds after pandemic, it has been unable to carry out any conventions during financial period 2022 - 2023.

Key objectives for BSLND UK

Review processes to support current business continuity plans (BCP) to reduce risk in event of any future major disruptions, events or global concerns that may adversely affect routine charity work and services.
Evaluate outsourcing by marketing to increase charity awareness including:
Organise and promote conventions to spread teaching of his Holiness including
New area's within Europe and feasibilities for expansion in USA to meet demand and requests by both individual states and followers from other spiritual organisations
Expand UK head office premises and recruitment new staff including developing Structured plan for staff to include Induction, training, and development.
Further developing Trustee committee and consultations with his Holiness regarding planning of new facilities at UK head office site as below
New facilities to include large premises for yoga practice & teachings; convention hall for sermons and facility to support charitable dining area.
Evaluate plans financially for future projection and development

Structure, governance and management of BSLND UK

Page 1

BHAGWAN SHREE LAKSHMI NARAYAN DHAM (UK)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 SEPTEMBER 2023

As stated above the charity is operated on a global structure with head offices in several key locations, the organisation operates as a Limited company. The UK arm is registered as a charity with the details below:

BSLND UK - Registered charity number: 1113347

Little Paddocks, Windsor road, Water Oakley, Berkshire, SL4 5UJ Head office telephone numbers: 01628 770041 and 01628 628683 Email: BSLND@hotmail.com - www.cosmicgrace.org

The head of the charity, the Patron, is his Holiness Brahmrishi Shree Kumar Swami Ji. As well as appointed trustee members who work on a voluntary basis, the charity also appoints a paid staff member who provides sermons, religious and educational lectures to devotees and public throughout the year.

There are three appointed trustee members/key officials who oversee all aspects of the organisational running of the charity. This includes charitable functions, financial, planning both short and long term for growth, learning & development, operational, and future expansion

The names are as below:

Mr Navin Pal (joined Sep 2014)
Mr Mohanbhai Vallabhai Mistry (joined Sep 2018)
Mr Sanjeev Sharma (joined April 2024)

The work of the volunteers is invaluable and critical to the running, management, and development of the charity. Without volunteers the charity would not run smoothly on a day-to-day basis including the key volunteers who have oversight operationally. However, it must be noted, all critical and accountable decisions require approval from the Patron as this directly affects them as responsible persons.

Key goals/achievements and planning for 2022 -2023

Continued building of resilience following global Corona virus (Covid 19) pandemic,
Reviewed and improved processes to support current business continuity plans (BCP) to reduce risk in event of any future major disruptions, events or that may adversely affect routine charity work and services.
To continue to have in place two lead volunteers at UK head office to oversee day to day operations and logistics, research into staffing expansion to support
Overhaul all admin duties in UK head office and have clear systems in place outlining key duties and segregation of individual roles
Have structured systems in place including guidance and processes to support daily activities thus defining office from spiritual time
Have clearly documented paper trail for all finances coming in and out of UK head office and therefore necessary documentation
Streamline banking system to include new methods of operations thus providing better security, transparency and enhanced financial operations.

Independent Examiner Alchemy Financial Solutions Ltd 19 Edinburgh Drive Staines-Upon-Thames Surrey TWAS 1PJ

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BHAGWAN SHREE LAKSHMI NARAYAN DHAM (UK)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 SEPTEMBER 2023

OBJECTIVES AND ACTIVITIES

Objectives and aims

Organise and promote conventions to spread teaching of his Holiness including
New area's within Europe and feasibilities for expansion in USA to meet demand and requests by both individual states and followers from other spiritual organisations
Expand UK head office premises and recruitment new staff including developing Structured plan for staff to include Induction, training, and development.
Further developing Trustee committee and consultations with his Holiness regarding planning of new facilities at UK head office site as below
New facilities to include large premises for yoga practice & teachings; convention hall for sermons and facility to support charitable dining area.
Evaluate plans financially for future projection and development

ACHIEVEMENT AND PERFORMANCE

Charitable activities

The charity has undertaken the following charitable activities during the year;

held seminars and conferences on regular basis across Europe where the teaching of faith are given to attendees;
provides free food camps for all attendees;
organised conventions to promote Woman Health Awareness world wide.
telecast of programmes based on teachings of Hindu religion
publications in three languages to raise awareness of ancient traditional secrets of Cosmic Sound
provide counselling sessions which include realisation of self empowerment in health, prosperity, inner peace and happiness.

Public Benefit

The Trustees are aware of the Charity Commission's guidance on public benefit reporting as set out in Section 17 of the Charities Act 2011. The Trustees confirm that its objectives and activities of promoting the spiritual and moral advancement of humanity are for the general benefit of the public.

FINANCIAL REVIEW

All donations or donations in kind are entirely voluntary.

Total income for the year was £106,589 (2022: £149,157).

Charitable costs of £128,777 (2022: £263,019) were incurred in undertaking the aims and objectives of the charity.

There was a surplus of income over expenditure for the year of -£22,188 (2022: -£113,862). This has been transferred to unrestricted reserves.

Accumulated general funds stood at £123,488 (2021: £145,676) all of which are unrestricted.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

The company was established under a Memorandum and Articles of Association and was incorporated with Companies House on 26 September 2005. The company was registered with the Charities Commission on 26 September 2005.

Page 3

BHAGWAN SHREE LAKSHMI NARAYAN DHAM (UK)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 SEPTEMBER 2023

STRUCTURE, GOVERNANCE AND MANAGEMENT

Recruitment and appointment of new trustees

Under the requirements of the Memorandum and Articles of Association of the charitable company, the Trustees are elected to serve for a period of three years at the annual general meeting after which they must be re-elected at the next annual general meeting.

The Board consists of two Trustees. A new trustee must be appointed if one of the existing Trustees should resign.

The Board of Trustees collects details of potential candidates to serve as Trustee based on recommendation from other Trustees, who are encouraged to identify candidates with appropriate and relevant skills for future selection and to participate in the selection process.The final decision is made by majority vote on the selection of new Trustees.

Organisational structure

The Trustees of the charity are legally responsible for the overall management of the charity. The day to day running of the charity is led by the managing Trustees and all decision are ratified at properly constituted meeting of the Board of Trustees.

REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number

05574642 (England and Wales)

Registered Charity number

1113347

Registered office

Windsor Road Water Oakley Windsor Berkshire SL4 5UJ

Trustees

Mr N Pal MR S Sharma (appointed 1.4.24) Mr M V Mistry

Independent Examiner

Alchemy Financial Solutions Ltd 19 Edinburgh Drive Staines - Upon - Thames Surrey TW18 1PJ

Approved by order of the board of trustees on ............................................. and signed on its behalf by:

........................................................................ Mr N Pal - Trustee

Page 4

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF BHAGWAN SHREE LAKSHMI NARAYAN DHAM (UK)

Independent examiner's report to the trustees of Bhagwan Shree Lakshmi Narayan Dham (UK) ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 30 September 2023.

Responsibilities and basis of report

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.

Independent examiner's statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or
the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Inderjot Matharu

Alchemy Financial Solutions Ltd 19 Edinburgh Drive Staines - Upon - Thames Surrey TW18 1PJ

Date: .............................................

Page 5

BHAGWAN SHREE LAKSHMI NARAYAN DHAM (UK)

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 SEPTEMBER 2023

2023 Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 106,589 EXPENDITURE ON Charitable activities Charitable activities 32,599 Other 96,178 Total 128,777 NET INCOME/(EXPENDITURE) (22,188) RECONCILIATION OF FUNDS Total funds brought forward 145,676 TOTAL FUNDS CARRIED FORWARD 123,488	2022 Total funds £ 149,157 54,725 208,294 263,019 (113,862) 259,538 145,676

The notes form part of these financial statements

Page 6

BHAGWAN SHREE LAKSHMI NARAYAN DHAM (UK)

BALANCE SHEET 30 SEPTEMBER 2023

2023 Unrestricted fund Notes £ FIXED ASSETS Tangible assets 6 5,767 CURRENT ASSETS Cash at bank 121,186 CREDITORS Amounts falling due within one year 7 (3,465) NET CURRENT ASSETS 117,721 TOTAL ASSETS LESS CURRENT LIABILITIES 123,488 NET ASSETS 123,488 FUNDS 8 Unrestricted funds 123,488 TOTAL FUNDS 123,488	2022 Total funds £ 3,460 148,678 (6,462) 142,216 145,676 145,676 145,676 145,676

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2023 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:

............................................. Mr N Pal - Trustee

The notes form part of these financial statements

Page 7

BHAGWAN SHREE LAKSHMI NARAYAN DHAM (UK)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, 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 accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Motor vehicles - 20% on reducing balance

Taxation

The charity is exempt from corporation tax on its charitable activities.

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 restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

2. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

	2023	2022
	£	£
Depreciation - owned assets	1,442	865

continued...

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BHAGWAN SHREE LAKSHMI NARAYAN DHAM (UK)

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 SEPTEMBER 2023

3. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 30 September 2023 nor for the year ended 30 September 2022.

Trustees' expenses

There were no trustees' expenses paid for the year ended 30 September 2023 nor for the year ended 30 September 2022.

4. STAFF COSTS

4.	STAFF COSTS
		2023		2022
		£		£
	Wages and salaries	96,178		95,880
		96,178		95,880
	The average monthly number of employees during the year was as follows:
		2023		2022
	staff		3	2
	The number of employees whose employee benefits (excluding employer pension costs)	exceeded		£60,000 was:
		2023		2022
	£70,001 - £80,000		1	1
5.	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
				Unrestricted
				fund
				£
	INCOME AND ENDOWMENTS FROM
	Donations and legacies			149,157
	EXPENDITURE ON
	Charitable activities
	Charitable activities			54,725
	Other			208,294
	Total			263,019
	NET INCOME/(EXPENDITURE)			(113,862)
	RECONCILIATION OF FUNDS
	Total funds brought forward			259,538
	TOTAL FUNDS CARRIED FORWARD			145,676

continued...

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BHAGWAN SHREE LAKSHMI NARAYAN DHAM (UK)

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 SEPTEMBER 2023

6.	TANGIBLE FIXED ASSETS
		Motor		Computer
		vehicles		equipment	Totals
			£	£	£
	COST
	At 1 October 2022		12,997	-	12,997
	Additions		-	3,749	3,749
	At 30 September 2023		12,997	3,749	16,746
	DEPRECIATION
	At 1 October 2022		9,537	-	9,537
	Charge for year		692	750	1,442
	At 30 September 2023		10,229	750	10,979
	NET BOOK VALUE
	At 30 September 2023		2,768	2,999	5,767
	At 30 September 2022		3,460	-	3,460
7.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE	YEAR
				2023	2022
				£	£
	Trade creditors			2,185	1,278
	Social security and other taxes			(2,560)	1,771
	Accrued expenses			3,840	3,413
				3,465	6,462
8.	MOVEMENT IN FUNDS
				Net
			At	movement	At
		1.10.22		in funds	30.9.23
			£	£	£
	Unrestricted funds
	General fund	145,676		(22,188)	123,488
	TOTAL FUNDS	145,676		(22,188)	123,488
	Net movement in funds, included in the above are as follows:
		Incoming		Resources	Movement
		resources		expended	in funds
			£	£	£
	Unrestricted funds
	General fund	106,589		(128,777)	(22,188)
	TOTAL FUNDS	106,589		(128,777)	(22,188)

continued...

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BHAGWAN SHREE LAKSHMI NARAYAN DHAM (UK)

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 SEPTEMBER 2023

8. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Unrestricted funds General fund TOTAL FUNDS	Net At movement 1.10.21 in funds £ £ 259,538 (113,862) 259,538 (113,862)	At 30.9.22 £ 145,676
		145,676

Comparative net movement in funds, included in the above are as follows:

Unrestricted funds General fund TOTAL FUNDS	Incoming Resources Movement resources expended in funds £ £ £ 149,157 (263,019) (113,862) 149,157 (263,019) (113,862)

A current year 12 months and prior year 12 months combined position is as follows:

Unrestricted funds General fund TOTAL FUNDS	Net At movement 1.10.21 in funds £ £ 259,538 (136,050) 259,538 (136,050)	At 30.9.23 £ 123,488
		123,488

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Unrestricted funds General fund TOTAL FUNDS	Incoming Resources Movement resources expended in funds £ £ £ 255,746 (391,796) (136,050) 255,746 (391,796) (136,050)

continued...

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BHAGWAN SHREE LAKSHMI NARAYAN DHAM (UK)

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 SEPTEMBER 2023

9. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 30 September 2023.

Page 12

BHAGWAN SHREE LAKSHMI NARAYAN DHAM (UK)

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 SEPTEMBER 2023

INCOME AND ENDOWMENTS Donations and legacies Donations Total incoming resources EXPENDITURE Charitable activities Telecast programmes Food and subsistence Conference hall hire Travelling Other Wages Bad debts Support costs Management Rates and water Insurance Light and heat Telephone Postage and stationery Sundries Motor vehicles Computer equipment Finance Bank charges Information technology Repairs and renewals Governance costs Accountancy and legal fees Total resources expended Net expenditure	2023 £ 106,589 106,589 6,527 - 5,210 - 11,737 96,178 - 96,178 5,387 998 4,706 2,573 1,647 266 692 750 17,019 3 - 3,840 128,777 (22,188)	2022 £ 149,157 149,157 10,886 18,000 3,781 2,259 34,926 95,880 112,414 208,294 5,417 971 5,942 2,324 - 555 865 - 16,074 200 1,125 2,400 263,019 (113,862)

This page does not form part of the statutory financial statements

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