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|||||||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|
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|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||
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|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||
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|||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|
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||||||||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|
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||||||||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|
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||||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|
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|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|
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|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|
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|||||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|
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|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)||
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|||||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|
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|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|
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|||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|
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|||||||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|
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||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|||
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|||||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|
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