## ||||||Pages| |---|---|---|---|---|---| |Trustees'
annual report|||||I| |Independent
auditors'|report||||13| |Statement offinancial|activities (incorporating|an income and expenditure|account)|..|16| |Balance sheet|||||17| |Statement ofcash flows|||||18| |Notes to the financial|statements .||||19-3I| ## ## ## ## ## ## ## ## ## ## |itfandirs|||| |---|---|---|---| |North London|Coventry|Loughborough|Preston| |East London|Havant|Luton|Southend-On-Sea| |South London|Leeds|Manchester|Wellingborough| |Birmingham|Leicester|Nottingham|| |Centres|||| |Belfast|Chiltern|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|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|||||| |Trustees|||Trustees, who are|also|directors under company|||law, who served during| ||||the year and up to the date|||ofthis|report were as|follows:| ||||Jitendrakumar
Maganbhai|||Patel -|Chair|| ||||Sanjay Jayendra Kara|||||| ||||Anup Arun Vyas|||||| ||||Arvindkumar
Petal|||||| ||||Dr. Mayank
Shah|||||| |Bankers|||The Royal Bank ofScotland Plc|||||| ||||354 Station Road|||||| ||||Harrow|||||| ||||HAI 3XZ|||||| |Solicitors|||Hugh Cartwright|&Amin||||| ||||12John Street|||||| ||||London|||||| ||||WCIN 2EB|||||| |Auditors|||P.S.J.Alexander &Co|||||| ||||Chartered
Accountants||and Registered
Auditors|||| ||||1 Doughty
Street|||||| ||||London|||||| ||||WC1N 2PH|||||| ## ## ## ## ## ## ## ## ## ||Notes|Unrestricted|Restricted|Endowment|2021Total|2020 Total| |---|---|---|---|---|---|---| |||Funds|Funds|Funds||| |Income from:||||||| |Donations
and legacies|3|12,707,684|3,298,863|75,680|16,082,227|12,621,165| |Other trading activities|4|16,742|||16,742|947| |Government
Grants||68,142|||68,142|142,608| |Investments||5,625|||5,625|7,674| |Total income||12,798,193|3,298,863|75,680|16,172,736|12,772,394| |Expenditure
on:||||||| |Charitable
activities:||||||| |Congregational
activities|5|7,200,726|1,945,623||9,146,349|5,582,421| |Food for deities, volunteers||212,476|138,431||350,907|321,759| |and devotees||||||| |Total expenditure||7,413,202|2,084,054||9,497,256|5,904,180| |Net movement
in funds before||5,384,991|1,214,809|75,680|6,675,480|6,868,214| |transfers||||||| |Gross transfers
between funds||(12,937)|12,937|||| |Net movement
in funds|17|5472,054|1,227,746|75,680|6,675,480|6,868,Z14| |ReconciTiation offunds:||||||| |Total funds brought
forward|17|15,909,239|3,939,901|1,021,120|20,870,260|14,002.046| |Total funds at the end ofthe|I'7|||||| |year||21,281,293|5,167,647|1,096,800|27,545,740|20,870,260| ## ## ## |||||||Company
number 07313272|Company
number 07313272| |---|---|---|---|---|---|---|---| |||Notes|Unrestricted|Restricted|Endowment|2021Total|2020 Total| ||||Funds|Funds|Funds||| |Fixed assets|||||||| |Tangible assets||11|18,084,380|3,897,704||21,982,084|16,414,223| |Investments||12|952,217|||952,217|948,479| ||||19,036,597|3,897,704||22,934@01|17@62,702| |Current assets|||||||| |Stocks||13|18,061|||18,061|15,200| |Debtors||14|659,367|||659,367|245,832| |Cash at bank and in hand|||1,883,905|1,269,943|1,096,800|4,250,648|3,879,726| ||||2,561,333|1,269,943|1,096,800|4,928,076|4,140,768| |Liabilities|||||||| |Creditors: Amounts|falling|15|(316,637)|||(316,637)|(633,210)| |due within one year|||||||| |Net current assets|||2,244,696|1,269,943|1,096,800|4,611,439|3,507,558| |Total net assets|||21,281893|5,167,647|1,096,800|27,545,740|20,870,260| |REPRESENTED BY:|||||||| |Unrestricted||17|21,281,293|||21,281,293|15,909,239| |Restricted||17|-|5,167,647||5,167,647|3,939,901| |Endowment||17|||1,096,800|1,096,800|1,021,120| ||||21,281,293|5,167,647|1,096,800|27,545,740|20,870,260| ## ||||||||2021|2020|| |---|---|---|---|---|---|---|---|---|---| ||||||Notes||||| |Cash flows from|operating|activities|||||||| |Net cash provided|by operating||activities||18||6,314,794||7,462,835| |Cash flows from|investing|activities|||||||| |Interest||||||5,625||7,674|| |Purchase offixed|assets|||||(5,949,416)||(6,352,235)|| |Increase in fixed|deposits|||||(3,738)||(51,050)|| |Proceeds &om disposal offixed|||assets|||3,657||(550)|| |Net cash used in|investing|activities|||||(5,943,872)||(6,396,161)| |Changes
in cash|and cash|equivalents||in tbe year|||370,922||1,066,674| |Cash and cash equivalents||at|beginning|ofthe|||3,879,726||2,813,052| |year|||||||||| |Cash and cash equivalents||at|end ofthe year||19||4,250,648||K3,879,726| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |2.|Detailed comparatives|Detailed comparatives|for|the statement offinancial activities and the balance sheet|the statement offinancial activities and the balance sheet|the statement offinancial activities and the balance sheet||| |---|---|---|---|---|---|---|---|---| ||||||Unrestricted|Restricted|Endowment|| ||||||Funds|Funds|Funds|2020| ||Income from:|||||||| ||Donations
aud legacies||||11,065,009|1,493,409|62,747|12,621,165| ||Trading income||||947|||947| ||Government
Grants||||142,608|||142,608| ||Investment
income||||7,674|||7,674| ||Total income||||11,216,238|1,493,409|62,747|12,772,394| ||Expenditure
on:|||||||| ||Charitable
activities:|||||||| ||Congregational
activities||||4,149,023|1,433,398||5,582,421| ||Food for deities, volunteers|||and devotees|321,759|||321,759| ||Total expenditure||||4,470,7820|1,433,398||5,904,180| ||Net movement
in funds||||6,745,456|60,011|62,747|6,868,214| ||Total funds brought|forward|||12,069,261|974,412|958,373|14,002,046| ||Prior year adjustment||||(2,905,478)|2,905,478||| ||Total funds brought|forward (as restated)|||9,163,783|3,879,890|958,373|14,002,046| ||Total funds carried|forward|||15,909,239|3,939,901|1,021,120|20,870,260| ## ## |||Unrestricted|Restricted|Endowment|| |---|---|---|---|---|---| |||Funds|Funds|Funds|2020| |Fixed assets|||||| |Tangible assets||13,099,005|3,315,218||16,414,223| |Investments||948,479|||948,479| |||14,047,484|3,315,218||17,362,702| |Current assets|||||| |Stocks||15,200|||15,200| |Debtors||245,842|||245,842| |Cash at bank aud in|hand|2,233,923|624,683|1,021,120|3,879,726| |||2,494,965|624,683|1,021,120|4,140,768| |LiabiTities|||||| |Creditors: Amounts|falling due within one year|(633,210)|||(633,210)| |Net current assets||1,861,755|624,683|1,021,120|3,507,558| |Total net assets||15,909,Z39|3,939,901|1,021,120|20,870,260| |REPRESENTED|BY:||||| |Funds:|||||| |Unrestricted||15,909,239|||15,909,239| |Restricted|||3,939,901||3,939,901| |Endowment||||1,021,120|1,021,120| |||15,909,239|3,939,901|1,021,120|20,870,260| ## ## ## ## |||||||Unrestricted|Restricted|Endowment|Endowment||| |---|---|---|---|---|---|---|---|---|---|---|---| |||||||Funds|Funds||Funds|2021|2020| ||General donations|and congregational|||activities|10,647,524|665,664||75,680|11,388,868|10,724, 164| ||Save-as-you
spend|donations||||108,648||||108,648|80,249| ||Deities' clothing|||||100,271||||100,271|66,874| ||Children
and youth|activities||||7,526||||7,526|16,333| ||Area congregations|||||363,622||||363,622|315,232| ||Food for deities, volunteers||and devotees|||1,431,996||||1,431,996|1,190,236| ||Sponsored
events||||||||||2,127| ||Donated services|||||48,097||||48,097|31,501| ||Donations
for Lisbon associated centre||||||14,052|||14,052|1,447| ||Donations for India associated|||centres|||1,906,738|||1,906,738|| ||Donations for USA associated|||centres|||36,567|||36,567|190,780| ||Donations for Paris associated|||centres|||675,842|||675,842|| ||Donations for Middle east associated centre||||||||||1,502| ||Donations for Australia
associated centre||||||||||| ||Donations for Africa associated centres||||||||||720| |||||||12,707,684|3,298,863||75,680|16,082,227|12,621,165| ||Donated services|reflect the||value ofdonated||audit services.|||||| ||Income from other trading|||activities|||||||| |||||||||||2021|2020| ||||||||Unrestricted||Restricted|Total|Total| ||Turnover
—sales ofaudio, video and books||||||4,992|||4,992|947| ||Rental income||||||11,750|||11,750|| ||||||||16,742|||16,742|947| |5.|Expenditure
on congregational
activities||||||||||| |||||||||||2021|2020| ||||||||Unrestricted||Restricted|Totalf|Total| ||Staffcosts||||||626,052|||626,052|767,759| ||Sermon and Other|Donations|||||4,303,432||1,866,421|6,169,853|1,043,127| ||Religious Promotions||||||334,085||73,757|407,842|1,758,472| ||Advertising
and Promotion||||||114,502||221|114,723|66,924| ||Premises costs||||||875,965|||875,965|949,294| ||Depreciation||||||377,897|||377,897|348,166| ||Governance
costs||||||163,099|||163,099|97,498| ||Office expenses||||||282,248||1,907|284,155|285,530| ||Hiring equipment||||||59,962||3,317|63,279|208,696| ||Bank charges||||||63,431|||63,431|60,209| ||Exchange (gains)||||||53|||53|(3,254)| ||||||||7,200,726||1,945,623|9,146,349|5,582,421| ## ## ## |||||2021|2020| |---|---|---|---|---|---| |||Unrestricted|Restricted|Total|Total| |Staffcosts||626,052||626,052|767,759| |Premises costs||131,395||131,395|142,394| |Depreciation||56,685||56,685|52,225| |Governance|costs|163,099||163,099|97,498| |Office expenses||42 337|286|42,623|42 829| |Hiring equipment||8,994|498|9,492|31,304| |Bank charges||9,514||9,514|9,031| |Exchange (gains)||53||53|(3,254)| |||1,038,129|784|1,038,913|1,139,786| |This is st|ated after charging/
(crediting):||| |---|---|---|---| |||2021|2020| |||Total|Total| |Depreciation||381,553|347,350| |Auditors'|remuneration:||| |Audit (donated service in kind)||31,501|31,501| |Foreign|exchange (gains)|53|(3254)| |Furlough|Grants|(68,142)|(142,608)| ## ## ## ## ## ## ## ||The charity is exempt from corp|oration
tax|as|all its income is ch|aritable
and is a|pplied for ch|aritable purpos| |---|---|---|---|---|---|---|---| |11.|Tangible fixed assets||||||| |||Freehold
Land &
~Buildin
s||Assets
Under
C|Furniture
Fixtures &
E~|Motor
Vehicles|Total| ||Cost or valuation||||||| ||At the start ofthe year|1,701,950||13,961,359|3,489,917|44,389|19,197,615| ||Additions
in year|||5,408,916|514,104|26,396|5,949,416| ||Disposals||||(118,965)|(22,305)|(141,270)| ||At the end ofthe year|1,701,950||19,370,275|3,885,056|48,480|25,005,761| ||~D||||||| ||At the start ofthe year||||2,748,613|34,780|2,783,393| ||Charge for the year||||376,695|4,858|381,553| ||Disposals||||(11S,964)|(22,305)|(141,269)| ||At the end ofthe year||||3,006,344|17,333|3,023,677| ||Net BookValues
At the end ofthe year|K1,701,950||I19370,275|g 878,712|f31,147|f21,982,084| ||At the start ofthe year|f 1,701,950||f13,961,359|g 741,305|f9,609|f16,414,223| ||All ofthe above assets are used|for charitable||purposes.|||| |12.|Fixed asset investments||||||| |||||||2021|2020| ||Fixed deposits:||||||| ||Value at the start ofthe year|||||948,479|897,428| ||Additions|||||3,738|51,051| ||Value at the end ofthe year|||||f.952,217|f.94S,479| ## ## |13.|Stock|||| |---|---|---|---|---| ||||2021|2020| ||Goods for resale||518,061|f.15,200| |14.|Debtors|||| ||||2021|2020| ||Other debtors||618,488|204,423| ||Prepayments
&accrued|income|40,879|41,419| ||||5659,367|f245,842| |15.|Creditors: Amounts|falling due within one year||| ||||2021|2020| ||Trade creditors||278,571|594,183| ||Other tax and social security|||2,888| ||Other creditors||8,496|4,408| ||Accruals and deferred|income|29,570|31,731| ||||f316,637|f633,210| ## |Analysis ofnet assets between
funds||||| |---|---|---|---|---| ||Unrestricted|Restricted|Endowment|Total funds| ||funds|funds|funds|2021| |Fixed assets|19,036,597|3,897,704||22,934,301| |Current assets|2,561,333|1,269,943|1,096,800|4,928,076| |Current liabilities|(316,637)|||(316,637)| |Net assets at end ofthe year|21,281,293|5,167,647|1,096,800|27,545,740| |Net assets at start ofthe year|15,909,239|3,939,901|1,021,120|20,870,260| ## ## |17.|Movement
in funds|Movement
in funds|||||| |---|---|---|---|---|---|---|---| ||||At start|Incoming|Outgoing|Transfers|At end| ||||ofthe|resources|resources||ofthe| ||||year|&gains|&losses||year| ||||as restated||||| ||(i)|Paris Mandal Fund|517,413|675,842|(20,812)||1,172,443| ||(ii)|India Mandir Seva Fund|||||| ||(iii)|Lisbon Mandir Seva Fund|5,043|14,052|(19,095)||| ||(iv)|USA Mandir Fund|90,780|36,567|(34,322)||93,025| ||(v)
(vi)|Africa Mandal Fund
Manchester
Temple Fund|4,475
1,982,972|224,787|||4,475
2,207,759| ||(vii)|Birmingham
Temple Fund|1,332,246|357,699|||1,689,945| ||(viii)|Covid Relief Fund|6,972|1,989,916|(2,009,825)|12,937|| ||Total restricted
funds||3,939,901|3,298,863|(2,084,054)|12,937|5,167,647| ||Endowment
funds||1,021,120|75,680|||1,096,800| ||Unrestricted
funds||15,909,239|12,798,193|(7,413,202)|(12,937)|21,281,293| ||Total funds||20,870,260|16,172,736|(9,497,256)||27,545,740| ## |The above funds were set up and are to be utilised for the following purposes:| |---| |(i)
Paris Mandal Fund
(ii)
India Mandal Fund
(iii)
Lisbon Mandir Seva Fund
(iv)
USA Mandir Fund
(v)
Africa Mandal Fund
(vi)
Manchester
Temple Fund
(vii)
Birmingham
Temple Fund
(viii)
Covid relief Fund
set up
set Up
set up
set up
set up
set up
setup
set up
to promote the Charity's
objectives in France.
to promote the Charity's objectives in India.
to promote the Charity's
objectives in Portugal.
to support anew temple project in USA
to promote the Charity's
objectives in Africa.
to support anew temple project in Manchester.
to support a new temple project in Birmingham.
to support covid relief efforts locally and internationa', ly.| ## ## ## ## ## ## ## ##