Registered Charity number 1125072 Swaminarayan Gurukul UK Report of the Trustees and naudited Financial Statemcnts For the year ended 31 August 2023
Sw#minarayan Gurukul UK Report and accounts Contents PAge Report of the Tn]stees Independent Examinevs Rey)rt Statement of Financial Activities 14 Statement of Financial Position Detailed Statement of Financial Activities 8-10
Swaminarayan Gurukul UK Report of the Tru5tee5 ror the year ended 31 August 2023 The trustees present their report with financial statements of the charity for the year ended 31 August 2023. Thc trustccs havc adoptcd th¢ provisions of Accounting and Rcporting by Chariti¢s: Statcm¢nt of Recommended Practice applIab]e to charities preparing their accounts in accordance with the Financial Rcporting Standard applicabl.= in thc UK and Rcpublic of Ircland (FRS 102) (cffcctivc l January 2015). SSGP is a Hindu orbFanisation established as a charity under a Trnst 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 amonbFgl its followers and others with partlLular reference to the teachings and principles of Bhagwan Swaminarayan. Objeetives and activities Our vision To foster a spiritual, moral, tolerant and relibllOUS society and inspire the path of righteous livinb. The management committee aims to encourage young generation to participate in religious and cultural activities. Aim$ Obje¢tives To achieve this vision. SSGP'S aims and objectives during the year were.. To t¢ach social, cultur21, Tnoral and traditional valu¢5 to Childn, t¢¢nagcr5, yOUth5 and adults. To ensure that legislation and regulaiion is compiled in relation to ihe impact of change and burden of burcaucracy on charitics. 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 actiiities Public benefit The Trustees have carefully cx)nsidered the public benefit requirements and their duty to ensure that they are compliant with thetn. They feel that the activities as detailed below, than adequately satisfy the public benefit requirement To teach social. cultural. moral and traditional Yalues to children. teenagers. youth5 and adult5.
Swaminarayan Gurukul UK Report of the Tru5tee5 ror the year ended 31 August 2023 Volunteers, contribution in achieving the objectives of the Charity SSGP enlists the services of mre than 150 volunteers nationwide in delivering the aims and objectives of the Charity. The voluntsers are organised through a framework involving National and Regional. Providing services in various departments including securtty, administration, congregation, organisation. kitchen. audiD1videolphotoaphy. press & publicity. finance. youth & children activity. adult activity etc. Organising regional assernblies. The charity depends heavily upon the continuing supp)rt of devotees. We also thank all volunteers for the hard work during the year, particularly those working on Prasad preparation4 car park dtes, cleanin& organised special events. decorations, cultural programmes and other religious activities and pray that they continue to serve Shree Swarninarayan in the future. ACHIEVEMENT AND PERFORfvIANCE 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. Annual Hindu festivals such as Maha Shivratri (celebration of Lord Shiva). Holi (celebration of the onset of Springl, Ramnavami and Shri Swaminarayan Jayanti (birth annivcrsari¢s of Lord Ram and Lord Swaminardyanl. Janmashiam. {birthday of Lord Krishnal. Rathyatra (procession of chariots), Diwali and Hindu New Ycar wcrc cclebratcd by SSGP. In addition, the following events were held throughout the year; Satsang Seminars at Bolton, Cardiff, East London, Kenton and Neasden North London. A Hindu Lifestyle Seminar (Shree Bhagwat Kathal was held between 14th to 18th Junc 2023 at Northolt, London. Hundreds of devotees look part from all over the UK in the pregence of senior priests from India over these event days. The themes were based on Hindu tradition. Also, a Youth Catnp was held between I st-3rd July 2023 at SKLPC Northolt where around 60 to 70 children participated. FINANCIAL REVIEW Finan¢ial position Net surplus.. The net surplU(dericltI for the charity for the period was £23,85212022.. £37,956).
Swaminarayan Gurukul UK Report of the Tru5tee5 ror the year ended 31 August 2023 Charitable donations: Donationg paid to SGVP India during the year is £167,50012022.. £164,520). SGVP India ig a charity registered in India. Risk m#n#gement and Investment policy Thc trustccs havc ass¢sscd the major risks to which thc charity is cxpos¢d, in particular thos¢ r¢lat¢d to generating income. The trusÈees have made no risk relaied invesiments. A forn)al review is undertaken regularly io ensure that all Surplus funds arc invcstcd in bank and building soci¢ty accounts at best ratcs of int¢r¢st. PLAN FOR FUTURE PERIODS The chariiy plans to continue events and activities to achieve its aims. STRUCTURE. GOVERNANCE AND MANAGEMENT Governing document The chariry is controlled by its governing document. a deed of trust and constitutes an unincorporated charity- REFERELNCE ALND ADMINISTRATIVE DETAILS Registered Charity number 1125072 Principal address Unit 23 Office I Westmoreland Road London NW9 9B W Trllstees S K Vekaria N K B Raghvani H Patel R M Hirani G K Raghvani G L Patel
Swaminarayan Gurukul UK Report of the Tru5tee5 ror the year ended 31 August 2023 REFERENCE AND ADMINISTRATIVE DETAILS Independent Examiner Suresh Hirani FCCA Hirani Associates Ltd Chartered Certified Accountants 21 Sherborne Gargens London NW9 9TE Bankers Barclays Bank PIC PO Box 5858 l Argent Court Southfield5 Busine55 Park Basildon Essex SS15 6FF RESPONSIBILITIES OF THE TRUSTEES The charity's tn]stees are reswnsible for preparing the Trnstees Annual Report and the fin2neial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practicp This report was approved by the board of trustees on I I September 2024 and sigmed on its behalf. G L Patel- Trusiee
Sivaminarayan Gurukul UK Independent examiner's report to the trustees5 Oll the unaudited charity accounts of Sivaminarayan Gurukul UK for the year ended 31 August 2023 I report to the charity trustees on my exatnination of the accounts of Swaminarayan Gurukul UK for the year ended 31 Au¥ust 2023 Responsibilities and basis of report As the charity Irustces of the Trust, you arc responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 {'Ihe 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 se¢tion 145(5){b) of the Act. Independent ex#miner's stAtement I have completed my examination. I confinn that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect.. 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 record5; or the accounts do not comply with the applicable requirements concerning the forni and content of accounts set out in the Charities (A¢counts and Reports} Regulations 2008 other than any requirement thai the account5 give a true and fair view which is not a matter coTJsidered as part of an indcpcndcnt 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. & Ctr Hirani & Co Chartered Certified Accountant 21 Sherborne Gardens London NW9 9TE I I September 2024
Swaminarayan Gurukul UK Statement of financial activitie5 for the year ended 31 August 2023 2023 Unrestrieted fund 2022 Total funds Incomin Income and endowmeHtsfrom." Donation5 and Icgacics Income from investments resources 243,828 219,047 100 Total ineoming resources 243.828 219,147 Resources ex ended Expendilure on." Charitable aciivities Other administrative expenses Total resources expended 219,941 35 181,156 35 219,976 181,191 Net ineome 23.852 37,956 Reconciliation of funds Total funds brought forward 880,529 842,573 Total funds carried forward 904,381 880,529
Swaminarayan Gurukul UK Statement of financial position as at 31 August 2023 Notes 2023 2022 Fixed assets Investments Current Assets Debtors Cash at bank and in hand 714,356 190.024 904,380 881).529 880,529 Net current assets 904.380 880,529 Net X5sets 904,381 880,529 Funds of the Charity UnrestriLted funds 904,381 880.529 Total funds 904.381 880,529 R M Hirani - Trustee G L Patel - Trustee Approved by ihe board of trustees on I I September 2024
SwaminarfiyY4n Gurukul UK Notes to the Accounts for the y¢&r end¢d 31 August 202] l Accounting policie5 Bo.¥i.* ofprepllrotio The fittaneial siaiemenis of the ehariiy. which is a pllblic benefji eniiiy llnder FRS 102, have beett prepared in accordance with the Charities SORP IFRS 1021 'Accoullting and Rcportlllg by Charities.. Stalcmenl of Rccommcnded Prdcliee applicable io charities preparing their accounis in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective l January 20151,, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republi¢ of Ireland, and Ihe Chanties Aci 2011. The rjnancial slatcmcnts havc been rffcparcd undcr thc historical cost convention. All income 15 recognised in thc Statement of Financial Activities once the charity has entitlement to the funds and it is probabl¢ that the income will be received and the amount can be rneasured reliably Expelldirure Liabilirics arc recognised a5 expenditure a5 500n a5 there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a tran5f¢r of economic b¢nefit5 will be Tequired in s¢ttl¢m¢nt and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headin¥% thai a¥gre¥ate all cost relaied 10 the ¢ate¥ory. Where ¢OSls Cartnoi be directly aitribuied to particular headings. they have been alloCatL to aetivities on a basis consistent with the use of resourees. TrtY&fton The charity is exempt from tax its charitable acisvities Unresiricied fllnds can be used in accordance with the chariLqble objectives ai the di%cretion of the llwstees. Re%iri¢ted fund% ¢an only be u%ed for particular re%ln¢ied pu]pose% withirt the obje¢t% of the ¢hariiy. Restri¢tions arise whcn spccifjcd by ihc donor or when funds arc raiscd for particular rcstricicd purposcs. Further explanation of the nature and puryN)se of each fund is included in the notes lo the financial staiemenis. Foreign currevry Asse15 and liabilitit5 in foreign ¢u[JrIeS aTe translated into Sterling at the Tat5 of txchange ruling at the 5tateTnent of rinancial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of iransa¢tiort. Exchange differences are taken irtio a¢¢owIt in amvittg at the operating resuli.
SwaminarfiyY4n Gurukul UK Notes to the Accounts for the y¢&r ended 31 August 2112 2 Investment Imcome 2023 2022 Other Interest loo 3 RemunerAtlon and benefits There were no tru5tees' expense pallents. remuneration or other benefjts in the yeaT.12022 - Nil) No salarie5 or wage5 have been paid to employ¢e5. including the M¢berS of the committee. during the year. 4 Comparative5 for the statement of financial aCtitieS Unrestricted fund lrt¢om¢ and tndowments from: Donations and legacies 219,047 219,047 Expendlture on: Charithblc activities Other adTninistralive expenstS Ncl Incomc 181.156 35 37,856 Re¢on¢lllatlon of fund$ Total tunds broughr torward Total fund5 Carri forward 842.573 880.429 5 Investments Other illwesttllent5 Cost Additions At 3 1 August 2023 In June 2023, the charity acquired all the shares in Swaminarayan Gurukul UK Ltd, a company regisierd in England and Wales. The purpose of the shaTe acqui51tion was to use the company as a vehicle to invest sutplu5 trust funds in pr()pertie% and related Inv¢%imenL%.
SwaminarfiyY4n Gurukul UK Notes to the Accounts for th¢ y¢&r ended 31 August 202] 6 Debtor5 2023 2022 Amount5 owcd by wholly Owlled undertakings. Gift aid receivable 674.999 39.357 714.356 Debtors Invlude loan of £674,999 10 Swaminarayan Gurukul UK Lid to Invest in properties and related investhjertts. The company is wholly owned by the charity. 7 MoverneNt in funds At 119122 Movement At 3118123 Unrestricted funds Gerter41 furtd 880,529 23,852 904,381 Total funds 880.529 23.852 904,381