REGISTERED CHARITY NUMBER: 1130120 REPORT OF THE TR STEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2024 FOR SHREE SWAMINARAYAN SIDHANT MANDAL BOLTON AJIVAN Riaz Ahmad & Co Limited Chartered Certified Accountants Lord House 51 Lord Slreel Manchester M3 1HE
SHREE SWAMINARAYAN SIDHANT SAJIVAN MANDAL 80LTON CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2024 Pago Roport of tho Tru¥tg0¥ qto4 Statsmont of Trust8, RPolbIlltl0s RoPQrt of the Indopgndgnt Audltor¥ 6t08 Stst•mont of Flmnclal A¢tlvltlo¥ Balanco Sh••t 10 N¢)ts8 to tha Flnanclal Stat•m•nts 11to13 0•t•llgd Ststsmont of Flnan¢lal A¢tlvltlg¥ 14
HREE SWAMINARAYAN SIDHANT SAJWAN MANDAL BOLTON REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2024 The trustees present their report with the financial st81ernenls of the charity for the year ended 31st December 2024. The Iwslees adopted the provisions of the stslemenl of Recommended Practice ISORPI 'Accounling and Reporting by Charities, issued in March 2005 and revised in May 2008. OBJECTIVES AND ACTIVITIES Summary of activities The UK registered charity, Maninagar Shree Swaminarayan Gadi Sanslhan Shree Muklajeevan Swamibapa Sthapit Shree Swaminarayan Sidhant Sajivan Mandal- Bolton. is one of the UK cenlres of Maninagar Shree Swaminarayan Gadi Sanslhan, the worldwide centre for spiritual, cultural and soaal progress. SSSSM Bolton operates under the name Shree Swaminarayan Mandir Bolton. The objectives of the charity a lo advance, support and encourage the faith of Maninagar Shree Swaminarayan Gadi Sanslhan in the United Kingdom. Further information about the worfdwide org8nisalion is found on hllps'.lth.swaminarayangadi.comlbollon The Trustees and Management Committee plan for future activities and how they wll conlribule lo the aim and objecb'ves of the Charity and to the Charily Comm188ion guidance on public benefit. The review helps the Truslees and Management Committee en8ure activities remain aligned lo the objectives ol the Charity. The overview below details the activilie$ undertaken within the year. Ovemew The aclivilios that were able lo lake place throughout the year included.. Educational.. Gujarati classes were held on a weekly basis lo students throughout the academic year. Spirilu81.. Religious education clas5e$ and scripture recitals, in Guj8rali and English, tailored for different age groups were held. Cultural.. Classical music lessons, cla88ical 8nd contemporary dance cla$¥g¥ lor different ago groupa were hel¢J. Sooal.. Daily congregations were held mulliple limes each day. Charity,, Blood donation se88ion8 continued throughout the year. Sport$'. Sports 8ctivilies were organl8ed 8t exlernal venue3 and participated interfaith tourn8menls. January Makar Sankrantl- Educational speeches about how thi5 relates lo the hlndu phI1080phy. Indla Ropubllc Day- A cultural night was organised with cultural dances and singing performances lo the congregation lo broaden their knowtedge about the hi810ry of this day. F•bru•ry Mèntal H•alth Awar•n•M- A mental health and wellbeing trainer provided awareness of how everyd8y rnenlal health 18 affected and how to cope with Te81 lifa $ilualion$. March Rangotsav. Children attended lo be educated about the festival of colour8 and participated in variou8 acliville8. Mayorfs Charity Ball- Cultural drummers (Dhol Players) attended lo help fund raise for the Ioc81 m8yorfs charity event. Aprll EKTA Shibir- Over 450 partlClP8nls from Shree Swaminarayan Mandir Bolton and King$bury look part in various educalional and recreational activities al JCA Condover Hall- Shrewsbury, during the 4 day residential trip. May Clvlc Sunday- Shree Muklajeevan Swamib8pa Pipe Band Bolton performed in the Town centre lo celebrate the new Mayor elected.
SHREE SWAMINARAYAN SIDHANT MANDAL BOLTON IVAN REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2024 Juno Womon Tour of Brltsln's Cycllng Raca- Shree Muktajeevan Swamibapa Pipe Band Bolton performed al the final leg Leigh Sport Vi1189e. Ladlos Aft¢rnoon- A dedicated women's only event which involved games, fun activities and BBQ food. Fthorn Dy- The events included cultural performances of dance, music and singing, by the Shree Muklajeevan Swamibapa Academy of Performing Art$. World Yoga Day- People Irom the community of all ages joined in the multiple session8 lo celebrate the Inlemalional Yoga Day. Armed Forcos Milltary Parade- Shree Muktajeevan Swamibapa Pipe Band Bolton perfomed in Wigan lo appreciate the Armed Force8 which included a town centre parade proce88ion and stage perk)rmancEs. Juty Eld•rly Fleld Trlp Over 80 elderty participants were taken away on a field trip lo a Kenyon Farm where everyone had the chance lo pick fruits and vegetables and a religious discourse look place on sile. Following this. lo thank our elderly community members they were laken lo Hollywood BO in Middlebrook and then transported back to the temple for table aclivilies and dinner. ManchMt•r Day- Shree Muktaieevan Swamibapa Pipe Band Bolton perfom8d al Manchester Day festival al the annual parad?. Augu¥t Annlvgrsary Cg1obratlons- One of the M8nd81's most important occasions of the year was the 24th anniversary ol Ihe Shre¢ Swaminarayan Mandir Bolton, which was celebrated on Sunday 18th August 2024, in the presence of Acharya Shree Jilendriyapriyadasji Swamiji Maharaj. On thi8 day, the 25th anniver8ary of Bolton Mandir was officiolty launched in preparation foi the grand celebration next year. 8optgmb•r Swamlbapa's M8morl•l Evont. Devotees from Bolton and London gathered and were taken lo a 8acred pilgrimage 8ile on Somerset Road, Bolton lo pay re8pect8 where Shree Muklajèevan Swamibapa withdrew his human lomi. Octobor Novembgr Dlwall and Now Year. The festival ol lighlg and 81art of Samvai 2081 was celebrated at the Mandir from 28th October lo 2nd Novernr 2024. Over 8 Ihous8nd visitors streamed through the Mandir lo have the darghan ol the Lord pre3iding before a 3pecla¢ular Annakul. 8apa•hrg0 Pragtya Fun Day- The children celebrated the manifestslion day of Jeevanpran Abji Bapashree wlh various games acliwties which provided educational knOedge of Jeevanpran Abji 8apayhree. R•m•mbran¢o Sunday- She Muklajeevan Swamibapa Pipe Band Bolton performed al Bolton Town Centre to remember the service and sacrifice ol Ihose who served in Remembrance Sunday- Shree Muktajeevan Swamibapa Pipe Band Bolton performed al Bollcn Town Centre lo remember the Service and 8acrifice of those who Served in the armed forces and emeroencv 8eNce8. Decembfrr Bhakti Sango•t- The event included cultural performances, music and singing, by She Muklajeevan Swamibapa Academy of Performing Arts. Intornational Folk Dancg and Muslc Festlval- Shree Muklajeevan Swamibapa Pipe Band Bolton performed in Istsnbul, Turkey.
SHREE SWAMINARAYAN SIDHANT SAJIVAN MANDAL BOLTON REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2024 ACHIEVEMENT AND PERFORMANCE Ch•ritsbl¢ activitios Semces were held daily and all the festivals were celebrated ¥yith high level ol alterance . Gujarali Language classes were held every Saturday. The Arts and Cultural Centre within the temple was regularty visited by local schools and other community groups. Financial Porformance The Iruslees are please lo be able lo port that during 2024 the charity achieved a surplus of É 214,99012023 £ 74,356). FINANCIAL REVIEW Investmant poll¢y and obloctlvo$ The charity's fund8 ara placed on Short - lem, inleresl-bearing fixed depo8i18 lor ease of acce88. Ro¥orvo8 poIIcy The eharily now has free reserves of £ 4,322,02012023 £ 4.107.030). STRUCTURE, GOVERNANCE AND MANAGEMENT Govornlng documant The organi8alion 18 an unincorporated as8ociallon reglslered wllh Charille8 Commlsslon on 11 June 2009 under a con8lilulion adopted on 6 September 2008 and amendod on 24 May 2009.
HREE SWAMINARAYAN SIDHANT MANDAL BOLTON IVAN REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2024 STRUCTURE, GOVERNANCE AND MANAGEMENT Organi8ational structuro The charity is managed by Ihe thirteen members managing committee which inc4ude three of the Iruslees above mentioned. All the tru81ees and committee members are elected by members of the congregation simultaneously for a Ihree-year tem currendy expirirvJ on 31 December 2024.The Iruslees meet regularfy throughout the year. Three of the Iru8tee8 are also lilleholders of the freehold property. Other members of managing committee are.. Mr Govind Valji Naran Mr Harghad Kalyan Hirani Mr Laxrnan Lalji Varsani Mr Navnilkumar Gopal Sanghani Mr J R Patel Mr M Kathiriya Mr P Naran Mr D M Roghwani REFERENCE AND ADMINISTRATIVE OETAILS Rogl8tgrod Charlty numb•r 1130120 Prlnclpal •ddre*• 161 Deane Road Bolton Lancashire BL3 SAH Tru$le•• K B Palfjl Secretary, Tru81ee & liileholder K V N8r8n Chairperson, Trustee & lilleholder N K Patel, Trustee, lilleholder & treasur Audltorl Riaz Ahmad & Co Limited Lord House 51 Lord Slieel Manchester M3 1HE Approved by order of the board of Iruslee8 on 17 July 2025 and signed on ils behalf by.. K V Naran- Trustee
SHREE SWAMINARAYAN SIDHANT SAJIVAN MANDAL BOLTON STATEMENT OF TRUSTEES, RESPONSIBILITIES FOR THE YEAR ENDED 31ST DECEMBER 2024 The trustees are responsible for preparing the Report of the Trustees and the financial statements in 8c¢ordan¢e with applicable law and United Kingdom AcuntIng Standards {Uni(ed Kingdom Generally Aepted Accounting Practi1. The law applicable lo charities in England and Wales. the Charities Act 2011, Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed requires the Iruslees lo prepa financial slalemenls for each finanaal year which give a tru6 and fair view of the slate of affairs of the charbty and of the incoming resources and application ol resources, including the income and expenditure, ol the charity for that period. In preparing those financial slalemen15, the Iruslees are required lo yelecl suitable accounling poliryes and then appty them consistent.. observe the methods and principles in the Charity SORP., make judgemen19 and eglimates that are reasonable and prudent., prepa the financial slalements on the going concern basis unles81118 inappropriate lo presume that the charity will continue in business. The trustees are responsible for keeping PToper accounting records which disclose wlh reasonable accuracy at any lime the financial POSltion of the charity and lo enable them lo ensure that the financial statements comply wilh the Charities Act 2011, the Charity IAceounl8 and Reportsl Regulations 2008 and the provisions of the tru81 deed. They are also responsible lor safeguarding the 8gse18 of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The trustees of the charity are required lo prepare financi818lalemenls for each finon¢ial year which give a true and f8ir view of the stale of the affairs of the tru51 and 91 the surplus or deficit of the charity for that period. In preparing Ih03e finoncial slalemenls, the Iruslees afe required lo.. select 8uilable aGGounling policie8 and apply them consS8lenlty make judgements and eslimales that are reasonable and pnjdenl slate whether applicable accounting standards have been followed, 8ublecl lo any material departure$ disclosed and explainecl in the financial statements prepare the financial slalemenl8 on a going concern basis The trustees are responsible also for keeplng proper accountirrfJ records which discloso with reasonable gccuracy the financial position of the Irusl and lo enable il lo ensure that the financial slalemen15 Cgmply with the chgrily law. They are also responsible for Safeguarding the 8ssel8 of the trust and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Sn respect of the audit the Iruslee5 have 8 responsibility lo ensure that they lake 811 steps necessary in order lo make Ihem8elves awaTe of any relevant audit information and lo establish thal the auditors are aware of that information.
REPORT OF THE INDEPENDENT AUDITORS TO THE TRU SHREE SWAMINAFIAYAN SIOHANT SAJIVAN MANDAL BOLTON TEE Opinion We have audited the financial sialemenls of Shree Swaminar8yan Sidhanl S8jivan M8ndal Bolton Ilhe 'charsty'l for the year ended 31st December 2024 which comprise the Slalemenl of Finanual Activitie8. the Balance Sheet and notes to the financial statement5, including a summary of significant accounting policies. The financial reporting framework that h88 been applied in their preparation is 8pplic3ble law and United Kingdom Accounting Slandards (United Kingdom Generally Accepted Accounting Practice). In our opinion the financial stal6menl8'. give a true and fair view of the slate of the charity's affairs as al 31st December 2024 and of ils incoming resources and application of resources, for the year then ended., have been property prepared in accordance with Uniled Kingdom Generally Accepted Accounting Practi,. and h?ve been prepared in accordance with the requirements of the Ch8rities Act 2011. B•818 for opinion We conducted our audit in accordance wlh Inlemallonal Standards on Auditing IUKI IISAS IUKII and applicable law. Our re8ponsibililies under those standards are further de8cribed in the Auditors. responsibilities for the audit ol the finanaal statements section of our report. We are independent of the charity in accordance with the elhical requirements that are relevant lo our audit of the financial slalemenls in the UK, including the FRC'¥ Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with Ihe8e requirement¥. We believe that the audit evidence we have obtained is sufficient and appropriate lo provide a basis for our opinion. Con¢luslons r•latlng to golng c¢nc•rn In auditing Ihe financial 8lalemenl8. we have concluded Ihal the Iruslees, u80 of the going concern basI8 of accounting in the preparation of the financial 51alemenl¥ is oppropriale. Based on the work we have performed, we have not identified any material uncertainties relallng lo events or conditions that, individually or collectively, may st signific9nl doubl on the charity'8 ability lo continue 88 8 going concern lor a period of al least lelve months from when the financi81 slalemenls are aulhorised for issue. Our responslbililies and the responsibilities ol Ihe Iru¥lee¥ with re¥pecl lo going concern are described in the relev8nl section8 of this report. Othèr Informatlon The Iruslees are responsible for the other information. The other information compri8e8 the information induded in the Annual Report, other than the financial Slalements and our Report of the Independent Auditors Ihereon. Our opinion on the financial slaiemènts does not covor Ihg other information 8nd, except to the eent OtheiSe èxplicAIIy 818led in our report. we ijo not expre33 any form of assurance conduslon thereon. In connection ¥Mlh our audit of the financial 8lalemenl8. our responsibility is lo read the other information and, in doing so, consider whelher Ihe other infomialion is materia1 inconsistent with the financial statements or our knowledge obtained in the audit or olhewse appear8 to be materially misslaled. If we identify such malorial inconsislencie8 or apparent material misslalements, we are required lo determine whether thi5 gives rise lo a malerial misslalemenl in the financial slalemenls themselves. If, based on the work we have performed, we condude that there is a material misslalemenl of this other information, we are required lo report that fact. We have nothing lo port in this regard. Mattorn on whlch w• are raqulred to r•port by •xcoption We have nothing to report in respect of the followng matters where the Charities (Accounts and Reportsl Regulations 2008 requires ug lo report lo you if, in our opinion.. the information glven in the Report of the Trustees is incon$i$lent in any material respect with the financial slalements., or sufficient accounting records hove not been kept,. or the financial statements are not in agreement with the accounting records and returns.. or we have not received all the information and explanation8 we require for our audit.
REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES SHREE SWAMINARAYAN SIDHANT SAJIVAN MANDAL BOLTON Responsibilitias of trustsos As explained more fully in the Slalemenl of Trustees, Responsibilibes, the trustees are responsible for the preparation of the financial statements which give a true and fair wew. and for such internal control as the trustees dètemine 1$ necessary lo enable the preparation of financial statements that are fe from rTiaterial misstatement. whether due to fraud or error. In preparing the financial stalemenls, the trustees are responsible for assessing the charity's ability lo Continue as a going concem, disclosing, as applicable, matters related lo going concern and using the going concern basis of accounting unless the Iruslees either intend lo liquidate the charity or lo eease operations, or have no realistic allemalive but lo do so. Our rosponJlblllti•s for tho audit of thg financlal ststom•nts We have been appointed as auditors 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 stalemenl$ as a whole are free from material mi8Statement. whether due to fraud or error, and to 188ue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, bul is not 8 guarantee that an audit conducted in accordance with ISAS IUKI wll always delect a material misstatement when it exists. Misslal8menl8 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 derysions of users taken on the ba818 of these financial statements. The extent to which our pro¢edur88 are capable of deleclinq irreoularities, Includino fraud Is detailed below.. We design procedures in line with our respongibililies, outlined above, to detect material misslalemenls in re8P8Ct of irregularities, including fraud. The fisk of not detecting a material misslalement due lo fraud is higher than the risk of not delecling one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or inlenlion81 misrepre8&nlations, or through collusion The extent lo which our procedures are capable of delecling irregu18rilies, including fraud 13 detailed below. However, the primary rg8pon$lbility for the prevention and dete¢tion of fraud rests with both those Charged with governance of the entity and man8g¢menl. I Vve identify the laws and regul81ion3 8pplicable lo the Company through discu3919nB with man8goment. and from our commercial knowledge and experience of the 88clor in which the company operates. I We obtained an understanding ol the legal and regulatory frameworks that are 8ppli¢able to the company and determined that the m081 significènl are those that relate lo the reporting framework Icompanles Act 20061 and the relevant lax compliance regulations in the jurisdictiong in which the company operates. In addition, we concluded that there are certain significanl laws and regulations that may have an effect on the delerminalion of the amounis 8nd disclosures in the financial slalemenls and those laws and regulations relating lo health and safety, employee matters and bribery and corruption practlces. I We assessed the extent ol compliance with the law8 and regulations idenllfied above through making enquiries of management and inspecting correspondence where available., and I Identified lows and gUlationS were communicated within the audit team regularly and the leom remained glert lo instance8 of non-compliance throughout Ihe audit. I We a5ses5ed tha suseaplibility ol the companls finandal $lal6men18 to material mi8slatemenl. induding obtaining an understanding of how fraud might occur. by.. o rnaking enquiries of managgmenl as lo Whe they consldered there w88 susc8plibility lo fraud, thèir knowledge of actual, Suspected and alleged fraud.. and o considering the internal controls in place lo miligale ri8ks of fraud and non-compliance with laws and regulalions. i To address the risk of fraud through management bia8 and override of controls, we.. o porfomied analytical procedures lo identify any unusual or unexpeded relalion8hip8', o lesled journal entries to identify unusual tTansaclions', o assessed whelherjudgemenls and assumptions made in determining the accounting e81imales were indicative of polenli81 bias., and investigated the rationale behind significant or unusual Iransaciions. I In response lo the risk of irregularities and non-compliance with laws and regulations, we designed procedure8 which induded. bul were not limited lo.. o agreeing finanrjal statement disclosures to underlying supporting documenlalion., reading the minutes of meetings of those charged wlh governance., o enquiring of m8nagemenl as lo actual and potential liligalion and daims., and
REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF SHREE SWAMINARAYAN SIDHANT SAJIVAN MANDAL BOLTON reviewing correspondence with HMRC, relevant regulators including the Heaith and Safely Executive, and the company's legal adwsors. re are inherent limitations in our audit prOdureS des¢riW above. The more removed that laws and regulations are from financial transactions. the less likely il is that we would become aware of non-compliance. Auditing standards also A further description of our respon8ibililie8 for the audit of the financial 8lalemenls is located on the Finanaal Reporting Council'8 website al ww.frc.org.uklaudilorsresponsibililies. This description forms part of our Report of the Independent Auditors. Uso of our r&port This report is made $01gly lo the charity's Iruglees, 88 8 body, in accord8nce wi(h Part 4 of the Charities (Accounts and Reportsl Regulations 2008. Our audit work has been undertaken so that we might state lo the charity's Iruslees those matters we are required to Slate to them in an auditors, report and for no other purpose. To the fullest ex1enl permilled by law, we do not accept or assume responsibility lo anyone other than the charity and the charity's Iruslees as a body, for our audit work, for this report, or for the opinions we have formed. Riaz Ahmad & Co Limited is eligible for appointment as auditor of the charily by virtue of ils eligibility for appointment as auditor of a company uThJer section 1212 of Ihe Companie ct 2006. tL.•ary Riaz Ahmad I Senior Slalulory ALtdilorl For and on behalf of Riaz Ahmad & Co Limited Riaz Ahmad & Co Llmiled Lord House 51 Lord Street Manchester M3 1HE Dale 17th July 2025
SHREE SWAMINARAYAN SIDHANT SAJIVAN MANDAL BOLTON STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST DECEMBER 2024 2024 Total funds 2023 Total fund3 Unrestricted fund Restricted fund Notes INCOME AND ENDOWMENTS FROM Donations and legacies 415,853 415,853 309,099 Investment in¢om8 Total 108,545 524,398 108,545 524,398 48,885 357,984 EXPENDITURE ON Charitable activiti88 Provision of religiou8 Services 255,674 50.735 306,409 280,628 (Xher Total 3,000 258,674 3,000 309,409 3,000 283,628 50,735 NET INCOMEIIEXPENDITUREI 265,725 150,7351 214,990 74,356 RECONCILIATION OF FUNDS Total funds brought forward 2,084,496 2,022,534 4,107,030 4,032,674 TOTAL FUNDS CARRIED FORWARD 2,350,221 1.971,799 4,322,020 4 107,030 The notes lorin parl ol Ihtr.£i". fin8ne.ial slaiements
SHREE SWAMINARAYAN SIDHANT SAJIVAN MANDAL BOLTON BALANCE SHEET FOR THE YEAR ENDED 31ST DECEMBER 2024 2024 Total funds 2023 Total funds Unreslricled fund Restricted lund Notes FIXED ASSETS Tangible 88sel8 413,687 1,971,799 2,385,486 2,450,532 CURRENT ASSETS Debtors Inveslmenls Cash al bank and in hand 53,188 1,857,634 28,712 1,939,534 53,188 1,857,634 28.712 1,939,534 1,602,623 56,876 1,659,498 CREDITORS Amoun18 falling due within one year 3,000 3,000 3,000 NET CURRENT ASSETS 1,936,534 1,936,534 1,656,498 TOTAL AsseTS LESS CURRENT LIABIUTIES 2,350,221 1,971,799 4,322,020 4,107,030 NET AsseTS 2,350,221 1,971,799 4,322,020 4,107,030 FUNDS Unrestricted funds Restricted fund8 2.350,221 1,971,799 2.084,496 2,022,534 TOTAL FUNDS 4,322,020 4,107,030 The financial statements were approved by the Board of Trustees and aLrthorised for issue on 17 July 2025 and were signed on its tehalf by.. K V Naron- Trustee The noles form part ol Iliid.4& fiiianciJl slaloment8 10-
SHREE SWAMINARAYAN SIDHANT SAJIVAN MANDAL 8OLTON NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DecEMBER 2024 ACCOUNTING POLICIES Basls of pr&parlng the financial Statsmonts The financial Statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP IFRS 1021 'Accounting and Reportin9 by Charilies.. 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 IFRS 1021 leffective 1 January 20191., Financial Reporiing Standard 102 'The Financial Reporting Standard applicable in Ihe UK and Republic of Ireland, and the Charities Act 2011. The financial statements have been prepared under the historical cost convention. Golng Concorn The trusleey ¢on¥ider that there are no material uncertainly about the charity'8 ability lo continue as a going concern. Incomo All income is r6cognised in the Statement of Financial Activities once the charity has enlillemenl lo Ihe funds, il is probable that the income will be received and Ihe amount can be measured reliabty. ExndIture Liabilities are recognised as expenditure as soon as there 1$ a legal or constructive obligation committing Ihe tharity to that expenditure, it 1$ probable that a transfer of economic benefits ¥MII be required in selllemenl and the amount of the obligation can be measured reliably. Expenditure is aCUnted lor on an accruals basis and has been Classified under he8dings that aggregate all cost related lo the c8legory. Where costs cannot be directly attributed lo particular headings they have been allocated lo activities on a basis consi8tenl with the use of resources. Donatlon8 payabl• Donations payable are made lo third parties in furtherence of the charity's object8. Donations are accunled Iof when either the ceplent ha8 reasonable expectation that they will receive the donation and the Iruslees have agreed to pay the donations wilhoul condition. Tanglbl• fix•d 488•ts Depreciation is provided al the following annual rates in order lo write off each a8sel over ils eslimaled useful life. Freehold propety Flxtures and fillings 2Qts on cost 50A on cost Taxatlon The charity 18 8xèmpl from lax on 118 charitable activiliès. Governm&nt Grnnts Government grants are recognised when il is reasonable lo expect that the grants will be received and that 811 related Conditions will be mel, usually on submission of the valid claim for p3ymenl. No capital grants were ceived during the year. Grants of revenue nature are credited lo income go as to match them ¥Mth the expenditure lo which they relate. Fund accountlng Unrestricted funds can be used in accordance wlh the charitable objectives al the discretion of the Iruslees. Restricied funds can only be used for particular restricted purposes wthin the objects of the charity. Restrictions arise when specified by the donor or when fund8 a raised for particular restricted purp08e8. The Restricted fund in these finan¢ial Slalements refers to the, BLJilding Extension Project" undertaken during pa81 years and the restricted funds raised for the said project have been expended according lo the objectives of the lund. 11 Continued....
SHREE SWAMINARAYAN SIDHANT MANDAL BOLTON IVAN NOTES TO THE FINANCIAL STATEMENTS FOR THEYEAR ENDED 31ST DECEMBER 2024 INVESTMENT INCOME 2024 2023 Rent received Deposit account interest 30,900 77.645 26,933 21,952 TRUSTEES. REMUNERATION AND BENEFITS There were no Iruslee8' remuneration or other benefits for the year ended 31st December 2024. TrustW' gXPgnso8 There were no Iru81e88' expen8e8 Paid for the year ended 3191 December 2024. STAFF COSTS 2024 2023 Tho average monthly number of employees during the year w88 as follow8.' Prie81 No employees received emolumon¢8 in exce$8 of £60,000. S TANGIBLe FIXED ASSETS Freehold Property Improvements lo propety Fixture8 and fiiiing8 Totals COST Al 181 January 2024 Addition8 310,041 2,536,899 162,200 3,008,940 Al 3181 December 2024 310041 2,536.699 162,200 3,008,940 DEPRECIATION Al 1st January 2024 Charge for year 86,453 6,201 398,965 50,735 72,990 8,110 558,408 65,046 At 3131 December 2024 92,654 449,700 81,100 623,454 NET BOOK VALUE Al 31 st Oecembo¥ 2024 217387 2 086 999 2 385 486 12- Continued....
SHREE SWAMINARAYAN SIDHANT SAJIVAN MANDAL BOLTON NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2024 CURRENT ASSET INVESTMENTS 2024 2023 Investments 1,857,634 1,602,623 CREDITORS.. AMOUNTS FALUNG DUE WITHIN ONE YEAR 2024 2023 Accrued expenses 3.000 3,000 MOVEMENT IN FUNDS Nel movement in funds At 0110112024 AI 3111212024 Unmtrlctsd fund¥ General fund 2.084,496 265,725 2,350,221 Rostrlctsd fund8 Building Extension Fund 2,022.534 150,7351 1,971,799 TOTAL FUNDS 4 107 030 214 990 4,322,020 Nel movement in funds, included in the above are as follows.. Incoming re80urces Resourc88 expended Movement in funds Unr•strlctsd funth General fund 524,398 258,674 265.725 R•#trlctgd fund¥ Bulldlng Extension Fund 50,735 150,7351 TOTAL FUNDS 524 398 309 409 214 990 REL4TED PARTY DISCLOSURES There were no related paty transactions for the year ended 31st December 2024. 13 Conlinued.
SHREE SWAMINARAYAN 81DHANT SAJIVAN MANDAL BOLTON DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST DECEMBER 2024 2024 2023 INCOME AND ENDOWMENTS Donatlons and l¢ga¢l¢s Donations Gift aid 325,711 90,142 415,853 267.773 41,326 309,099 Invèstmont Incomg Renl received Deposit account interest 30,900 77,645 108,545 26,933 21,952 48,885 Totsl Incomlng rQUr¢08 524,398 357,984 EXPENDITURE Charltabl• actlvlti Wage8 Rates and water Insuranc Light and heol Teléphon6 Postage and slalionery Household & deaning Prasad & kitchen expendllure Donations made Repair & maintenance Music inglrumenls Security ¢harge8 Shibir Sports Expen888 Travel & Visa Fees Bank charges Depr&cialion 16,644 2,872 10,185 12,681 933 1,777 4,840 19,976 88,550 17,395 8,057 16,000 1,467 9,203 11.831 951 1,433 5,006 18,622 56,000 21,131 11,123 303 4,598 57,804 758 49,692 6,983 20 65,046 306.409 112 65,046 280,628 Support ¢o$ts Gavamanc• eo8t8 Auditors, remunerglion Accountancy and legal fees 1.200 1,800 3,000 1,200 1,800 3,000 Totsl resource8 expended 309,409 283,628 Ngt Incomg 214,990 74,356 Thi$ page doeg not form part of IPTro. stalulory finaiioal statements 14-