**REGISTERED CHARITY NUMBER: 1125072**
**REPORT OF THE TRUSTEES AND**
**UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2020**
**FOR**
**SWAMINARAYAN GURUKUL UK**
**SWAMINARAYAN GURUKUL UK**
## **CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2020**
||**Page**|
|---|---|
|**Report of the Trustees**|1 to 3|
|**Independent Examiner's Report**|4|
|**Statement of Financial Activities**|5|
|**Statement of Financial Position**|6|
|**Notes to the Financial Statements**|7 to 10|
|**Detailed Statement of Financial Activities**|11|
**SWAMINARAYAN GURUKUL UK**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2020**
The trustees present their report with the financial statements of the charity for the year ended 31 August 2020. 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 2015).
SSGP is a Hindu organisation established as a charity under a Trust Deed dated 21st July 2008 and registered with the Charity Commission under registration number 1125072. The principal objective of the charity is the advancement of the Hindu faith amongst its followers and others with particular reference to the teachings and principles of Bhagwan Swaminarayan.
## **OBJECTIVES AND ACTIVITIES Objectives and aims Our Vision**
To foster a spiritual, moral, tolerant and religious society and inspire the path of righteous living. The management committee aims to encourage young generation to participate in religious and cultural activities.
## **Aims and Objectives**
To achieve this vision, SSGP's aims and objectives during the year were:
- To teach social, cultural, moral and traditional values to children, teenagers, youths and adults.
- To ensure that legislation and regulation is compiled in relation to the impact of change and burden of bureaucracy on charities.
- To raise standards by developing and promoting the best practice in the management of charities through training and information.
- To ensure SSGP remains a suitable organisation through fund raising activities.
## **Public benefit**
The Trustees have carefully considered the public benefit requirements and their duty to ensure that they are compliant with them. They feel that the activities as detailed below, more than adequately satisfy the public benefit requirement:
- To teach social, cultural, moral and traditional values to children, teenagers, youths and adults.
## **Volunteers’ contribution in achieving the objectives of the Charity**
SSGP enlists the services of more than 150 volunteers nationwide in delivering the aims and objectives of the Charity.
- The volunteers are organised through a framework involving National and Regional.
- Providing services in various departments including security, administration, congregation, organisation, kitchen, audio/video/photography, press & publicity, finance, youth & children activity, adult activity etc. - Organising regional assemblies.
The charity depends heavily upon the continuing support of devotees. We also thank all volunteers for the hard work during the year, particularly those working on Prasad preparations, car park duties, cleaning, organised special events, decorations, cultural programmes and other religious activities and pray that they continue to serve Shree Swaminarayan in the future.
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**SWAMINARAYAN GURUKUL UK**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2020**
## **ACHIEVEMENT AND PERFORMANCE Events during the year**
The Charity continues to attract an increasing number of followers each year. This year was no exception, with many devotees and taking part in daily activities, despite Covid 19 pandemic.
Annual Hindu festivals such as Maha Shivratri (celebration of Lord Shiva), Holi (celebration of the onset of Spring), Ramnavami and Shri Swaminarayan Jayanti (birth anniversaries of Lord Ram and Lord Swaminarayan), Janmashtami (birthday of Lord Krishna), RathYatra (procession of chariots), Diwali and Hindu New Year were celebrated by SSGP.
Due to Covid-19, there were no physical gatherings during the year. However, we organised monthly spiritual virtual online meetings via ZOOM throughout the year with different part of the cities in the UK. Devotees took part at their home in the virtual presence of senior priests from India. The assemblies consisted of inspiring speeches and thought-provoking group discussion to devote pride for the SSGP, to bring awareness of the dangers of misuse of social networking tools and to strengthen the relationship and attachment of Satsang.
A special Pilgrimage Tour (Char Dham Yatra) was organised from 11 to 23 September 2019. There were 50 plus devotes and 10 plus saints that participated in the Yatra. Char Dham Yatra is a tour of the four Hindu shrines namely Yamunotri, Gangotri, Kedarnath and Badrinath. These shrines are located in the Garhwal region of Uttarakhand India. This yatra is also called Chota Char Dham Yatra. The holy river Yamuna originates from Yamunotri, Maa Ganga from Gangotri, Mandakani from Kedarnath and Alakhnanda Saraswati from Badrinath. Kedarnath is one of the 12 Jyotirlingas of Shiva in India and which is considered to be the main places of worship of Lord Shiva. The Char Dhams of India are Badrinath, Rameshwaram, Jagannath Puri and Dwarka which were founded by Adi Shankracharya. All Hindus aspire to go to these four shrines once in their lifetime
## **FINANCIAL REVIEW**
## **Financial position**
Net surplus:
The net surplus/(deficit) for the charity for the period was £33,131 (2019: £137,059).
Charitable donations:
Donations paid to SGVP India during the year is £Nil (2019: £40,000). SGVP India is a charity registered in India.
## **Risk management and Investment policy**
The trustees have assessed the major risks to which the charity is exposed, in particular those related to generating income.
The trustees have made no risk related investments. A formal review is undertaken regularly to ensure that all surplus funds are invested in bank and building society accounts at best rates of interest.
## **PLAN FOR FUTURE PERIODS**
The charity plans to continue events and activities to achieve its aims.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document**
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number** 1125072
## **Principal address**
45 Royal Park Road London NW10 7QL
## **Trustees**
S K Vekaria N K B Raghvani H Patel R M Hirani G K Raghivani G L Patel
Page 2
**SWAMINARAYAN GURUKUL UK**
## **REPORT OF THE TRUSTEES**
## **FOR THE YEAR ENDED 31 AUGUST 2020**
## **REFERENCE AND ADMINISTRATIVE DETAILS Independent Examiner**
Bharat Kotak FCCA Alexanders UK Ltd Chartered Certified Accountants Capital House 114 Pinner Road Northwood Middlesex HA6 1BS
## **Bankers**
Barclays Bank Plc PO Box 5858 1 Argent Court Southfields Business Park Basildon Essex SS15 6FF
## **RESPONSIBILITIES OF THE TRUSTEES**
The charity's trustees are responsible for preparing the Trustees Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Approved by order of the board of trustees on 29 June 2021 and signed on its behalf by:
G L Patel - Trustee
Page 3
## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF SWAMINARAYAN GURUKUL UK**
## **Independent examiner's report to the trustees of SWAMINARAYAN GURUKUL UK**
I report to the charity trustees on my examination of the accounts of SWAMINARAYAN GURUKUL UK (the Trust) for the year ended 31 August 2020.
## **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 Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
## **Independent examiner's statement**
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material 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 concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.
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.
Bharat Kotak FCCA Alexanders UK Ltd Chartered Certified Accountants Capital House 114 Pinner Road Northwood Middlesex HA6 1BS
Date: .............................................
Page 4
## **SWAMINARAYAN GURUKUL UK**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2020**
|**2020**
**Unrestricted**
**fund**
Notes
**£**
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
**71,763**
Investment income
2
**140**
**Total**
**71,903**
**EXPENDITURE ON**
**Charitable activities**
Unrestricted funds
**35**
Charitable activity
**38,737**
**Total**
**38,772**
**NET INCOME**
**33,131**
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
**673,101**
**TOTAL FUNDS CARRIED FORWARD**
**706,232 **|2019
Total
funds
£
205,526
3
205,529
35
68,435
68,470
137,059
536,042
673,101|
|---|---|
The notes form part of these financial statements
Page 5
## **SWAMINARAYAN GURUKUL UK**
## **STATEMENT OF FINANCIAL POSITION**
## **31 AUGUST 2020**
|**2020**
**Unrestricted**
**fund**
Notes
**£**
**CURRENT ASSETS**
Debtors
6
**1,200**
Cash at bank
**705,032 **
**706,232**
**CREDITORS**
Amounts falling due within one year
7
**-**
**NET CURRENT ASSETS**
**706,232 **
**TOTAL ASSETS LESS CURRENT LIABILITIES**
**706,232**
**NET ASSETS**
**706,232 **
**FUNDS**
8
Unrestricted funds
**706,232 **
**TOTAL FUNDS**
**706,232**|2019
Total
funds
£
57,653
619,299
676,952
(3,851)
673,101
673,101
673,101
673,101
673,101|
|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 29 June 2021 and were signed on its behalf by:
R M Hirani - Trustee
G L Patel - Trustee
The notes form part of these financial statements
Page 6
**SWAMINARAYAN GURUKUL UK**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2020**
## **1. ACCOUNTING POLICIES**
## **Basis of preparing the financial statements**
The financial statements of the charity, 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 2015)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. 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.
## **Taxation**
The charity is exempt from 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.
## **Foreign currencies**
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 of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.
## **2. INVESTMENT INCOME**
|**INVESTMENT INCOME**||||
|---|---|---|---|
||**2020**|2019||
||**£**|£||
|Other interest|140||3|
## **3. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 31 August 2020 nor for the year ended 31 August 2019.
## **Trustees' expenses**
There were no trustees’ expenses paid for the year ended 31 August 2020 nor for the year ended 31 August 2019.
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continued...
**SWAMINARAYAN GURUKUL UK**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2020**
## **4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
||||||Unrestricted|
|---|---|---|---|---|---|
||||||fund|
||||||£|
||**INCOME AND ENDOWMENTS FROM**|||||
||Donations and legacies||||205,526|
||Investment income||||3|
||**Total**||||205,529|
||**EXPENDITURE ON**|||||
||**Charitable activities**|||||
||Unrestricted funds||||35|
||Charitable activity||||68,435|
||**NET INCOME**||||137,059|
||**RECONCILIATION OF FUNDS**|||||
||**Total funds brought forward**||||536,042|
||**TOTAL FUNDS CARRIED FORWARD**||||673,101|
|**5.**|**STAFF COSTS AND EMOLUMENTS**|||||
||No salaries or wages have been paid to employees, including the|members of the committee, during|||the year.|
|**6.**|**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**|||||
||||2020||2019|
||||**£**||£|
||Event cost deposit||1,200||23,427|
||Gift aid receivable|||**-**|34,226|
||||1,200||57,653|
|**7.**|**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**|||||
||||2020||2019|
||||**£**||£|
||Event cost accruals|||**-**|3,851|
|**8.**|**MOVEMENT IN FUNDS**|||||
||||Net|||
||||movement||At|
|||At 1/9/19|
in funds||31/8/20|
|||£|£||£|
||**Unrestricted funds**|||||
||General fund|673,101|33,131||706,232|
||**TOTAL FUNDS**|673,101|33,131||706,232|
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continued...
**SWAMINARAYAN GURUKUL UK**
## **NOTES TO THE FINANCIAL STATEMENTS - continued**
## **FOR THE YEAR ENDED 31 AUGUST 2020**
## **8. MOVEMENT IN FUNDS - continued**
Net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
**TOTAL FUNDS**|Incoming
resources
£
71,903
71,903|Resources
Movement
expended
in funds
£
£
(38,772)
33,131
(38,772)
33,131|
|---|---|---|
## **Comparatives for movement in funds**
|**Unrestricted funds**
General fund
**TOTAL FUNDS**|At 1/9/18
£
536,042
536,042|Net
movement
in funds
£
137,059
137,059|At
31/8/19
£
673,101
673,101|
|---|---|---|---|
Comparative net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
**TOTAL FUNDS**|Incoming
resources
£
205,529
205,529|Resources
Movement
expended
in funds
£
£
(68,470)
137,059
(68,470)
137,059|
|---|---|---|
A current year 12 months and prior year 12 months combined position is as follows:
|**Unrestricted funds**
General fund
**TOTAL FUNDS**|At 1/9/19
£
536,042
536,042|Net
movement
in funds
£
170,190
170,190|At
31/8/20
£
706,232
706,232|
|---|---|---|---|
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
£
277,432
277,432|Resources
Movement
expended
in funds
£
£
(107,242)
170,190
(107,242)
170,190|
|---|---|---|
Page 9
continued...
**SWAMINARAYAN GURUKUL UK**
## **NOTES TO THE FINANCIAL STATEMENTS - continued**
## **FOR THE YEAR ENDED 31 AUGUST 2020**
## **9. RELATED PARTY DISCLOSURES**
There were no related party transactions for the year ended 31 August 2020.
Page 10
**SWAMINARAYAN GURUKUL UK**
## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2020**
|**INCOME AND ENDOWMENTS**
**Donations and legacies**
Donations
Gift aid
**Investment income**
Other interest
**Total incoming resources**
**EXPENDITURE**
**Charitable activities**
Charitable donations
Event costs
Advertising and PR
Bank charges
Legal & professional
Total resources expended
**Net income**|31/8/20
£
**60,648**
**11,115**
**71,763**
**140**
**71,903**
**-**
**38,634**
**-**
**103**
**35**
**38,772**
**38,772**
**33,131 **|31/8/19
£
171,300
34,226
205,526
3
205,529
42,400
24,539
1,045
451
35
68,470
68,470
137,059|
|---|---|---|
This page does not form part of the statutory financial statements
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