| Pages | ||||||
|---|---|---|---|---|---|---|
| Trustees' annual report |
I | |||||
| Independent auditors' |
report | 14 | ||||
| Statement offinancial | activities | (incorporating | an income and expenditure | account) | ... | 16 |
| Balance sheet | 17 | |||||
| Statement ofcash flows | 18 | |||||
| Notes to the financial | statements | . | 19-32 |
| iMandirs | |||
|---|---|---|---|
| North London | Coventry | Loughborough | Preston |
| East London | Havant | Luton | Southend-On-Sea |
| South London | Leeds | Manchester | Wellingborough |
| Birmingham | Leicester | Nottingham | |
| Centres | |||
| Belfast | Chiltem | Glasgow | Swindon |
| Bolton | Colchester | Hinckley | Watford |
| Brent | Crawley | Milton Keynes | West London |
| Brighton | Derby | Newcastle | Chigwell |
| Bristol | Edinburgh | Oxford | |
| Cambridge | Enfield | Reading | |
| Cardiff | Finchley | South East London |
| Company number |
Company number |
07313272 | |
|---|---|---|---|
| Charity number | 1143083 | ||
| Registered office | Pramukh Swami Road |
||
| and operational | address | Neasden | |
| London | |||
| NW10 8HW | |||
| Also known as |
"BAPSSwaminarayan | Sanstha" and "BAPS" | |
| Country ofregistration | England &Wales | ||
| Country ofincorporation | United Kingdom |
| Notes | Unrestricted | Restricted | Endowment | 2020 Total | 2019Total | ||
|---|---|---|---|---|---|---|---|
| Funds | Funds | Funds | as restated | ||||
| Income from: | |||||||
| Donations and legacies |
3 | 11,065,009 | 1,493,409 | 62,747 | 12,621,165 | 10,784,829 | |
| Other trading activities |
4 | 947 | 947 | 31,293 | |||
| Government Grants |
142,608 | 142,608 | |||||
| Investments | 7,674 | 7,674 | 23,144 | ||||
| Total income | 11,216,238 | 1,493,409 | 62,747 | 12,772,394 | 10,839,266 | ||
| Expenditure on: |
|||||||
| Raising funds —cost | ofsales of | ||||||
| goods | 24,689 | ||||||
| Charitable activities: |
|||||||
| Congregational activities |
5 | 4,149,023 | 1,433,398 | 5,582,421 | 5,611,465 | ||
| Children and youth |
activities | 13,053 | |||||
| Food for deities, volunteers | 321,759 | 321,759 | 741,757 | ||||
| and devotees | |||||||
| Total expenditure | 4,470,782 | 1,433,398 | 5,904,180 | 6,390,964 | |||
| Net movement in funds |
17 | 6,745,456 | 60,011 | 62,747 | 6,868,214 | 4,448,302 | |
| Reconciliation offunds: | |||||||
| Total funds brought | forward | 12,069,261 | 974,412 | 958,373 | 14,002,046 | 9,553,744 | |
| Prior year adjustment | 10 | (2,905,478) | 2,905,478 | ||||
| 9,163,783 | 3,879,890 | 958,373 | 14,002,046 | 9,553,744 | |||
| Total funds at the | end of | ||||||
| the year | 15,909,239 | 3,939,901 | 1,021,120 | 20,870,260 | 14,002,046 |
| Company | number 07313272 | |||||||
|---|---|---|---|---|---|---|---|---|
| Notes | Unrestricted | Restricted | Endowment | 2020 Total | 2019Total | |||
| Funds | Funds | Funds | as restated | |||||
| Fixed assets | ||||||||
| Tangible assets | 11 | 13,099,005 | 3,315,218 | 16,414,223 | 10,409,605 | |||
| Investments | 12 | 948,479 | 948,479 | 897,428 | ||||
| 14,047,484 | 3,315,218 | 17,362,702 | 11,307,033 | |||||
| Current assets | ||||||||
| Stocks | 13 | 15,200 | 15,200 | 16,250 | ||||
| Debtors | 14 | 245,842 | 245,832 | 204,615 | ||||
| Cash at bank and in | hand | 2,233,923 | 624,683 | 1,021,120 | 3,879,726 | 2,820,622 | ||
| 2,494,965 | 624,683 | 1,021,120 | 4,140,768 | 3,041,487 | ||||
| Liabilities | ||||||||
| Creditors; | Amounts | falling | 15 | (633,210) | (633,210) | (346,474) | ||
| due within | one year | |||||||
| Net current assets | 1,861,755 | 624,683 | 1,021,120 | 3,507,558 | 2,695,013 | |||
| Total net assets | 15,909,239 | 3,939,901 | 1,021,120 | 20,870,260 | 14,002,046 | |||
| REPRESENTED BY: | ||||||||
| Unrestricted | 17 | 15,909,239 | 15,909,239 | 9,163,783 | ||||
| Restricted | 17 | 3,939,901 | 3,939,901 | 3,879,890 | ||||
| Endowment | 17 | 1,021,120 | 1,021,120 | 958,373 | ||||
| 15,909,239 | 3,939,901 | 1,021,120 | 20,870,260 | 14,002,046 |
| 2020 | 2019 | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| as restated | |||||||||
| Notes | |||||||||
| Cash flows from operating | activities | ||||||||
| Net cash provided by operating |
activities | 18 | 7,462,835 | 4,875„546 | |||||
| Cash flows from investing | activities | ||||||||
| Dividends, | interest and rents | from investments | 7,674 | 23,144 | |||||
| Purchase | offixed assets | (6,352,235) | (6,567,994) | ||||||
| Increase in fixed deposits | (51,050) | (53,657) | |||||||
| Cost ofdisposal offixed assets | (550) | ||||||||
| Net cash | used in investing | activities | (6,396,161) | (6,598,507) | |||||
| Changes | in cash and cash | equivalents | in the year | 1,066,674 | (1,722,961) | ||||
| Cash and | cash equivalents | at | beginning | ofthe | 2,813,052 | 4,536,013 | |||
| year | |||||||||
| Cash and | cash equivalents | at | end ofthe year | 19 | ra 3,879,726 | t | 2,813„052 |
| Unrestricted | Restricted | Endowment | Endowment | |||
|---|---|---|---|---|---|---|
| Funds | Funds | Funds | 2019 | |||
| as restated | as restated | as restated | as restated | |||
| Income from: | ||||||
| Donations and legacies |
8,526,025 | 2,182,845 | 75,959 | 10,784,829 | ||
| Trading income | 31,293 | 31,293 | ||||
| Investment income |
23,144 | 23,144 | ||||
| Total income | 8,580,462 | 2,182,845 | 75,959 | 10,839,266 | ||
| Expenditure on: |
||||||
| Raising funds | 24,689 | 24,689 | ||||
| Charitable activities: |
||||||
| Congregational | activities | 3,880,577 | 1,730,888 | 5,611,465 | ||
| Children and youth activities Food for deities, volunteers |
and devotees | 13,053 741,757 |
13,053 741,757 |
|||
| Total expenditure | 4,660,076 | 1,730,888 | 6,390,964 | |||
| Net movement in funds |
3,920,386 | 451,957 | 75,959 | 4,448,302 | ||
| Total funds brought | forward | 7,964,166 | 707,164 | 882,414 | 9,553,744 | |
| Prior year adjustment | (2,720,769) | 2,720,769 | ||||
| Total funds brought | forward (as restated) | 5,243,397 | 3,427,933 | 882,414 | 9,553,744 | |
| Total funds carried | forward | 9,163,783 | 3,879,890 | 958,373 | 14,002,046 |
| Detailed | comparati | ves for the statement offinancia |
l activities and the | balance sheet | (continued) | (continued) |
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Endowment | ||||
| Funds | Funds | Funds | 2019 | |||
| as restated | as restated | as restated | as restated | |||
| Fixed assets | ||||||
| Tangible assets Investments |
7,504,]27 897,428 |
2,905,478 | 10,409,605 897,428 |
|||
| 8,401,555 | 2,905,478 | 11,307,033 | ||||
| Current | assets | |||||
| Stocks Debtors Cash at bank and in |
hand | 16,250 204,615 887,837 |
974,412 | 958,373 | 16,250 204,615 2,820,622 |
|
| 1,108,702 | 974,412 | 958,373 | 3,041,487 | |||
| Liabilities | ||||||
| Creditors: | Amounts | falling due within one year | (346,474) | (346,474) | ||
| Net current assets | 762,228 | 974,412 | 95S,373 | 2,695,0ll3 | ||
| Total net | assets | 9,163,783 | 3,879,890 | 958,373 | 14,002,046 | |
| REPRESENTED BY: | ||||||
| Funds: | ||||||
| Unrestricted Restricted Prior year adjustment |
9,163,783 | 3,879,890 | 958,373 | 9,163,783 3,879,890 958,373 |
||
| 9,163,783 | 3,879,890 | 958,373 | 14,002,046 |
| 3. | Income from donations and |
legacies | legacies | |||||
|---|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Endowment | ||||||
| Funds | Funds | Funds | 2020 | 2019 | ||||
| as restated | ||||||||
| General donations and congregational Save-as-you spend donations Deities' clothing |
activities | 9,362,457 80,249 66,874 |
1,298,960 | 62,747 | 10,724,164 80,249 66,874 |
7,076,921 167,827 91,252 |
||
| Children and youth activities |
16,333 | 16,333 | 98,717 | |||||
| Area congregations Food for deities, volunteers and |
devotee | 315,232 1,190,236 |
315,232 1,190,236 |
578,074 675,667 |
||||
| Sponsored events Donated services Donations for Lisbon associated |
centre | 2,127 31,501 |
1,447 | 2,127 31,501 1,447 |
66,734 31,501 1,757 |
|||
| Donations for India associated centres |
1,942,940 | |||||||
| Donations for USA associated centres |
190,780 | 190,780 | 12,514 | |||||
| Priests clothing Donations for Middle east associated centre Donations for Australia associated centre |
1,502 | 1,502 | 6,143 31,027 |
|||||
| Donations for Africa associated |
centres | 720 | 720 | 3,755 | ||||
| 11,065,009 | 1,493,409 | 62,747 | 12,621,165 | 10,784,829 | ||||
| Donated services reflect the value of | donated | audit services. | ||||||
| Income from other trading activities | ||||||||
| 2020 | 2019 | |||||||
| Unrestricted | Restricted | Total | Total | |||||
| as restated | ||||||||
| Turnover -sales ofaudio, video Rental income |
and books | 947 | 947 | 31,293 | ||||
| 947 | 947 | 31,293 | ||||||
| . | Expenditure on congregational |
activities | ||||||
| 2020 | 2019 | |||||||
| Unrestricted | Restricted | Total | Total | |||||
| as restated | ||||||||
| Staffcosts | 767,759 | 767,759 | 743,972 | |||||
| Sermon and Other Donations | 1,042,127 | 1,000 | 1,043,127 | 124,168 | ||||
| Religious Promotions | 336,260 | 1,422,212 | 1,758,472 | 2,368,226 | ||||
| Advertising and Promotion |
66,924 | 66,924 | 223,315 | |||||
| Premises costs Depreciation |
947,522 348,166 |
1,772 | 949,294 348,166 |
1,124,330 339,430 |
||||
| Governance costs Office expenses |
97,498 281,955 |
3,575 | 97,498 285,530 |
187,522 236,292 |
||||
| Hiring equipment Bank charges |
208,696 55,370 |
4,839 | 208,696 60,209 |
250,177 10,282 |
||||
| Exchange (gains) | (3,254) | (3,254) | 3,751 | |||||
| 4,149,023 | 1,433,398 | 5,582,421 | 5,611,465 |
| 2020 | 2019 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||
| as restated | |||||
| Staffcosts | 767,759 | 767,759 | 743,972 | ||
| Premises costs | 142,128 | 266 | 142,394 | 168,650 | |
| Depreciation | 52,225 | 52,225 | 50,915 | ||
| Governance | costs | 97,498 | 97,498 | 187,522 | |
| Office expenses | 42,293 | 536 | 42,829 | 35,444 | |
| Hiring equipment | 31,304 | 31,304 | 37,527 | ||
| Bank charges | 8,305 | 726 | 9,031 | 10,282 | |
| Exchange (gains) | (3,254) | (3,254) | 3,751 | ||
| 1,138,255 | 1,528 | 1,139,786 | 1,238,063 |
| This is s | tated atter charging/ (crediting): |
||
|---|---|---|---|
| 2020 | 2019 | ||
| Total | Total | ||
| as restated | |||
| Depreciation | 347,350 | 339,430 | |
| Auditors' | remuneration: | ||
| Audit (donated service in kind) | 31,501 | 31,501 | |
| Foreign | exchange (gains) | (3,254) | 3,751 |
| Furlough | Grants | (142,608) |
| 2020 | 2019 | ||||
|---|---|---|---|---|---|
| Total | Total | ||||
| as restated | |||||
| Salaries and | wages | 692,029 | 667,936 | ||
| Social security costs | 59,093 | 59,341 | |||
| Employer's | contribution | to defined contribution | pension scheme | 16,637 | 16,695 |
| 767,759 | 743,972 |
| Staff numbers | Staff numbers | |||
|---|---|---|---|---|
| 2020 | 2019 | |||
| Nn. | No. | |||
| Charitable | activities | and support | 26 | 26 |
| 26 | 26 |
| 2019.To rectify this the following prior year |
2019.To rectify this the following prior year |
ad | justments wer |
e made: |
|---|---|---|---|---|
| Statement offinancial activities: | ||||
| Decrease | in unrestricted donations during 2019 |
5250,117 | ||
| Increase | in restricted donations during 2019 |
f250,117 | ||
| Decrease | in unrestricted funds brought forward |
X4,398,850 | ||
| Increase | in restricted funds brought forward |
f4,398,850 | ||
| Balance | Sheet | |||
| Decrease | m tangible fixed assets —unrestricted |
funds | f4,648,967 | |
| Increase | in tangible fixed assets —restricted | funds | K4,648,967 | |
| Decrease | in unrestricted funds |
E4,648,967 | ||
| Increase | in restricted funds |
f4,648,967 |
| Freehold | Freehold | Assets | Furniture | ||||
|---|---|---|---|---|---|---|---|
| Land ~Buildin |
dk s |
Under Construction |
Fixtures syt ~sest |
Motor Vehicles |
Total | ||
| Cost or valuation | |||||||
| At the start ofthe year | 1,701,950 | 7,895,050 | 3,616,287 | 51,789 | 13,265,076 | ||
| Additions | in year | 6,066,309 | 285,926 | 6,352,235 | |||
| Disposals | (412,296) | (7,400) | (419,696) | ||||
| At the end | ofthe year | 1,701,950 | 13,961,359 | 3,489,917 | 44,389 | 19,197,615 | |
| ~D | |||||||
| At the start | ofthe year | 2,818,494 | 36,977 | 2,855,471 | |||
| Charge for the year | 342,414 | 4,936 | 347,350 | ||||
| Disposals | (412,296) | (7,133) | (419,429) | ||||
| At the end | ofthe year | 2,748,612 | 34,780 | 2,783,392 | |||
| Net Book | Values | ||||||
| At the end | ofthe year | %1,701,950 | 513,961,359 | 5741,305 | 89,609 | 816,414,223 | |
| At the start ofthe year | f, 1,701,950 | f,7,895,050 | f 797,793 | KI4,812 | KI0,409,605 |
| 2020 | 2019 | ||||||
|---|---|---|---|---|---|---|---|
| as restated | |||||||
| f. | |||||||
| Fixed deposits: | |||||||
| Value at the | start ofthe | year | 897,428 | 843,771 | |||
| Additions | 51,051 | 53,657 | |||||
| Value at the | end ofthe year | f948,479 | f.897,428 | ||||
| 13. | Stock | ||||||
| 2020 | 2019 | ||||||
| as restated | |||||||
| Goods for resale | Kt5,200 | f.16,250 | |||||
| 14. | Debtors | ||||||
| 2020 | 2019 | ||||||
| as restated | |||||||
| Other debtors | 204,423 | 136,671 | |||||
| Prepayments | &accrued | income | 41,419 | 67,944 | |||
| f245,842 | f204,615 | ||||||
| 15. | Creditors: Amounts | falling due within | one year | ||||
| 2020 | 2019 | ||||||
| as restated | |||||||
| Bank overdraft | 7,570 | ||||||
| Trade creditors | 594,183 | 274,996 | |||||
| Other tax and | social security | 2,888 | 19,181 | ||||
| Other creditors | 4,408 | 15,621 | |||||
| Accruals and | deferred | income | 31,731 | 29,106 | |||
| %633,210 | f346,474 |
| Unrestricted | Unrestricted | Restricted Endowment |
Restricted Endowment |
Restricted Endowment |
Total | funds | |
|---|---|---|---|---|---|---|---|
| funds | funds | funds | 2020 | ||||
| Fixed assets | 14,047,484 | 3,315,218 | 17,362,702 | ||||
| Current assets | 2,494,965 | 624,683 1,021,120 |
4,140,768 | ||||
| Current liabilities |
(633,210) | (633,210) | |||||
| Net assets at end ofthe year | 15,909,239 | 3,939,901 1,021,120 |
20,870,260 | ||||
| Net assets at start ofthe year | 9,163,783 | 3,879,890 958,373 |
14,002,046 | ||||
| Movement in funds |
|||||||
| At start | Incoming | Outgoing | At end | ||||
| ofthe | resources | resources | ofthe | ||||
| year | de gains | & losses | year | ||||
| as restated | |||||||
| (i) Paris Mandal Fund |
199,092 | 544,155 | (225,834) | 517,413 | |||
| (ii) India Mandir Seva Fund |
694,293 | (694,293) | |||||
| (iii) Lisbon Mandir Seva Fund |
16,635 | 1,448 | (13,040) | 5,043 | |||
| (iv) Dhotia Seve Fund |
29,505 | (29,505) | |||||
| (v) USA Mandir Fund |
190,780 | (100,000) | 90,780 | ||||
| (vi) Middle East Mandir Fund |
31,132 | 1,502 | (32,634) | ||||
| (vii) Africa Mandal Fund | 3,755 | 720 | 4,475 | ||||
| (viii) Manchester Temple Fund |
1,696,778 | 286,194 | 1,982,972 | ||||
| (ix) Birmingham Temple Fund |
1,208,700 | 123,546 | 1,332,246 | ||||
| (x) Covid Relief Fund |
345,064 | (338,092) | 6,972 | ||||
| Total restricted funds |
3,879,890 | 1,493,409 | (1,433,398) | 3,939,901 | |||
| Endowment funds |
958,373 | 62,747 | 1,021,120 | ||||
| Unrestricted funds |
9,163,783 | 11,216,238 | (4,470,782) | 15,909,239 | |||
| Total funds | 14,002,046 | 12,772,394 | (5,904,180) | 20,870,260 |
| 2020 | 2019 | ||||||
|---|---|---|---|---|---|---|---|
| as | restated | ||||||
| Net income/ (expenditure) for the |
reporting | period | 6,868,214 | 4,448,302 | |||
| (as per the Statement ofFinancial | Activities) | ||||||
| Depreciation charges |
347,350 | 339,430 | |||||
| Interest income | (7,674) | (23,144) | |||||
| (Increase)/decrease | in stocks | 1,050 | (1,612) | ||||
| Decrease/ (increase) | in debtors | (41,227) | 49,649 | ||||
| (Decrease)/increase | in creditors | 294,306 | 62,921 | ||||
| Loss on disposal of | fixed assets | 816 | |||||
| Net cash provided | by operating | activities | 7,462,835 | 4,875,546 | |||
| Analysis ofcash and cash equivalents | |||||||
| At I | At 31 | ||||||
| January | Cash | December | |||||
| 2020 | flows | 2020 | |||||
| Cash at bank and in hand | 136,876 | (125,117) | 11,759 | ||||
| Term deposits - current assets | 2,683,746 | 1,184,221 | 3,867,967 | ||||
| Bank overdrafl | (7,570) | 7,570 | |||||
| Total cash and cash equivalents | 2,813,052 | 1,066,674 | 3,879,726 |