## |||||||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|.||||19-31| ## ## ## ## ## ## ## ## ## |Mandirs|||| |---|---|---|---| |North London|Coventry|Loughborough|Southend-On-Sea| |East London|Havant|Luton|Wellingborough| |South London||Manchester|| |Birmingham|Leicester|Preston|| |Centres|||| |Barnet|Cardiff|Glasgow|South East London| |Belfast|Chiltern|Hinckley|Swindon| |Bolton|Colchester|Milton Keynes|Watford| |Brent|Crawley|Newcastle|West London| |Brigohton|Derby|Nottingham|| |Bristol|Edinburgh|Oxford|| |Cambridge|Enfield|Reading|| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |Reference|and administrative|and administrative|information||||| |---|---|---|---|---|---|---|---| |Trustees|and Principal Advisors||||||| |Company|number||07313272||||| |Charity number|||1143083||||| |Registered|efface||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
Patel||||| ||||Dr. Mayank Shah||||| |Bankers|||The Royal Bank ofScotland Pic||||| ||||354 Station Road||||| ||||Harrow||||| ||||HA1 3XZ||||| |Solicitors|||Hugh Cartwdght|&Amin|||| ||||12John Street||||| ||||London||||| ||||WClN 2EB||||| |Auditors|||P.S.J.Alexander|&Co|||| ||||Chartered Accountants||and Registered Auditors||| ||||1 Doughty
Street||||| ||||London||||| ||||WCIN 2PH||||| ## ## ## ## ## ## ## ## ## ## ## ||Notes|Unrestricted|Restricted|Endowment|2022 Total|2021Total| |---|---|---|---|---|---|---| |||Funds|Funds|Funds||| |Income from:||||||| |Donations
and legacies|3|15,300,167|802,971|43,214|16,146,352|16,082,227| |Other trading activities|4a|27,093|||27,093|4,992| |Government
Grants||||||68,142| |Investment
income|4b|535,736|||535,736|17,375| |Total income||15,862,996|802,971|43,214|16,709,181|16,172,736| |Expenditure
on:||||||| |Charitable
activities:||||||| |Congregational
activities|5|11,968,293|156,660||12,124,953|9,146,349| |Food for deities, volunteers||921,926|||921,926|350,907| |and devotees||||||| |Total expenditure||12,890219|156,660||13,046,879|9,497456| |Net movement
in funds before||2,972,777|646,311|43,214|3,662,302|6,675,480| |transfers||||||| |Gross transfers
between funds||||||| |Net movement
in funds|16|2,972,777|646311|43414|3,662/02|6,675,480| |Reconciliation
offunds:||||||| |Total funds brought
forward||21,281 293|5,167,647|1,096,800|27,545,740|20,870 'i60| |Total funds at the end ofthe||||||| |year||24+54,070|5,813tt58|1,140,014|31408,042|27445,740| ## ## |||Notes|Unrestricted|Restricted|Endowment|2022 Total|2021Total| |---|---|---|---|---|---|---|---| ||||Funds|Funds|Funds||| |Fixed assets|||||||| |Tangible assets||11|18,636,689|3,828,200||22,464,889|21,982,084| |Investments||12|956,030|||956,030|952,217| ||||19,592,719|3,828,200||23,420,919|22,934,301| |Current
assets|||||||| |Stocks||13|14,071|||14,071|18,061| |Debtors||14|417,653|||417,653|659,367| |Cash at bank and in hand|||4,841,143|1,985,758|1,140,014|7,966,915|4,250,648| ||||5,272,867|1,985,758|1,140,014|8,398,639|4,928,076| |Liabilities|||||||| |Creditors: Amounts|falling|15|(611,516)|||(611,516)|(316,637)| |due within one year|||||||| |Net current assets|||4,661,351|1,985,758|1,140,014|7,787,123|4,611,439| |Total net assets|||24,254,070|5,813,958|1,140,014|31,208,042|27,545,740| |REPRESENTED BY:|||||||| |Unrestricted||16|24,254,070|||24,254,070|21,281,293| |Restricted||16|-|5,813,958||5,813,958|5,167,647| |Endowment||16|||1,140,014|1,140,014|1,096,800| ||||24,254,070|5,813,958|1,140,014|31,208,042|27,545,740| ## ## ||||||||2022|2021|| |---|---|---|---|---|---|---|---|---|---| ||||||Notes||||| |Cash flows from operating|activities||||||||| |Net cash provided by operating||activities|||17||4,903,537||6,314,794| |Cash flows from investing|activities||||||||| |Interest||||||24,159||5,625|| |Purchase offixed assets||||||(1207,616)||(5,949,416)|| |Increase in fixed deposits||||||(3,813)||(3,738)|| |Proceeds &om disposal offixed||assets||||||3,657|| |Net cash used in investing|activities||||||(1,187,270)||(5,943,872)| |Changes
in cash and cash|equivalents||in|the year|||3,716,267||370,922| |Cash and cash equivalents|at|beginning||ofthe|||4,250,648||3,879,726| |year|||||||||| |Cash and cash equivalents|at|end ofthe||year|18||7,966,915||g4/50,648| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |Detailed comparatives|for the statement offinancial activities and the|for the statement offinancial activities and the|for the statement offinancial activities and the|balance sheet|||| |---|---|---|---|---|---|---|---| ||||Unrestricted|Restricted|Endowment||| ||||Funds|Funds|Funds||2021| |Income from:|||||||| |Donations
and legacies
Trading income
Government
Grants
Investment
income|||12,707,684
16,742
68,142
5,625|3,298,863|75,680||16,082,227
16,742
68,142
5,625| |Total income|||12,798,193|3,298,863|75,680|16,172,736|| |Expenditure
on:|||||||| |Charitable
activities:|||||||| |Congregational
activities
Food for deities, volunteers||and devotees|7,200,726
212,476|1,945,623
138,431|||9,146,349
350,907| |Total expenditure|||7,413/02|2,084,054|||9,497456| |Net movement
in funds|before transfers||5/84,991|I,Z14,809|75,680||6,675,480| |Gross transfers
between|funds||(12,9373|12,937|||| |Net movement
in funds|||5/72,054|1427,746|75,680||6,675,480| |Total funds brought
forward|||15,909,239|3,939,901|1,021,120|20,870,260|| |Total funds carried forward|||21481493|5,167,647|1,096,800|27~5,740|| ## |Detailed comparati|ves
for the statement
offinancia|l activities and the b|alance sheet|(continued)|| |---|---|---|---|---|---| |||Unrestricted|Restricted|Endowment|| |||Funds|Funds|Funds|2021| |Fixed assets|||f||| |Tangible assets
Investments||18,084,380
952,217|3,897,704||21,982,084
952,217| |||19,036,597|3,897,704||22,934801| |Current assets|||||| |Stocks
Debtors
Cash at bank and in hand||18,061
659,367
1,833,905|1,769,943|1,096,800|18,061
659,367
4,250,648| |||2+61333|1/69,943|1,096,800|4,928,076| |Liabilities|||||| |Creditors: Amounts|falling due within one year|(316,637)|||(316.637)| |Net current assets||2,244,696|1,269,943|1,096,800|4,611,439| |Total net assets||21481,293|5,167,647|1,096,800|27~5,740| |REPRESENTED BY:|||||| |Funds:|||||| |Unrestricted
Restricted
Endowment||21,281,293|5,167,647|1,096,800|21281,293
5,167,647
1,096,800| |||21481493|5,167,647|1,096,800|27,545,740| ## ## |3.|Income from donations
and|legacies|legacies|||||| |---|---|---|---|---|---|---|---|---| |||||Unrestricted|Restricted|Endowment||| |||||Funds|Funds|Funds|2022|2021| ||||||||f|f| ||General donations
and congregational
activities
Save-as-you spend donations
Deities' clothing
Children
and youth activities
Area congregations
Food for deities, volunteers
and devotees
Sponsored
events
Donated services
Donations
for Lisbon associated centre
Donations for India associated centres
Donations for USA associated centres
Donations for Paris associated centres
Donations for Corona Virus relief fund
Donations for Afiica associated centres|||12,109,715
110,645
150,674
53,002
852,697
1,139,479
856,454
27,501|4,647
2,633
740,056
49,670
5,965|43,214|12,152,929
110,645
150,674
53,002
852,697
1,139,479
856,454
27,501
4,647
2,633
740,056
49,670
5,965|11,388,S68
108,648
100,271
7,526
363,622
1,431,996
48,097
14,052
1,906,738
36,567
675,842| |||||15300,167|802 tt71|43/14|16,146452|16,082,227| ||Donated services reflect the value of||donated|audit services.||||| ||(a) Income from other trading|activities||||||| ||||||||2022|2021| ||||||Unrestricted|Restricted|Total|Total| ||Turnover
-sales ofaudio, video|and books|||27,093||27,093|4,992| ||(b) Investment
Income|||||||| ||Rental income||||511,577||511,577|11,750| ||Interest income||||24,159||24,159|5,625| ||||||535,736||535,736|17,375| |5.|Expenditure
on congregational|activities||||||| ||||||||2022|2021| ||||||Unrestricted|Restricted|Total|Total| ||Staffcosts||||843,112||843,112|626,052| ||Sermon and Other Donations
Religious Promotions||||7,319.923
544,969|87,156|7,407.079
544.969|6,169,853
407,842| ||Advertising
and Promotion||||233,475||233,475|114,723| ||Premises costs||||1,189,629||1,189,629|875,965| ||Depreciation||||655,307|69,504|724,811|377,897| ||Governance
costs
Oflice expenses||||314,221
504,S18||314,221
504,818|163,099
284,155| ||Hiring equipment
Bank charges
Exchange (gains)||||292,087
70.767
(15)||292,087
70,767
(15)|63,279
63,431
53| ||||||11,968,293|156,660|12,124,953|9,146,349| ## ## ||||2022|2021| |---|---|---|---|---| |Staffcosts
Premises costs
Depreciation
Governance
costs
Office expenses
Hiring equipment
Bank charges
Exchange (gains)|Unrestricted
843,112
178,444
98296
314,221
75,723
43,813
10,615
737|Restricted
10,426|Total
843,112
178,444
108,722
314,221
75,723
43,813
10,615
737|Totalf
626,052
131,395
56,685
163,099
42,623
9,492
9,514
53| ||1,564,961|10,426|1+75387|1,038,913| ## ## |||||| |---|---|---|---|---| |Analysis ofstaff costs,|trustee remuneration|and expenses, and the costofkey management
personnel||| |Staffcosts were as follows:||||| ||||2022|2021| ||||Total|Total| |Salaries and wages
Social security costs
Employer's
contribution|to defined contribution|pension scheme|753,004
70,490
19,618|557,655
51,445
16,952| ||||843,112|626,052| ## |Staff numbers|||||||||| |---|---|---|---|---|---|---|---|---|---| ||||||||2022||2021| ||||||||No.||No.| |Charitable
activities
and support|||||||30||70| ||||||||30||20| |Related party transactions|||||||||| |BAPS, Sarjudas Foundation
('Sarjudas')
and Nilkanth||Estates ('Nilkanth')||||are charities/charitable
companies|||with| |similar charitable
aims and objectives and beneficiaries.||These entities also||||have trustee(s)|in common.||| |The following
uansactions
took|place between BAPS|and these||two entities or their group companies||||during|the| |year .|||||||||| ||||||||2022||2021| |Purchases
made by BAPS &om
Balance due to Cultural Festival|Cultural Festival ofIndia Ltd (Sarjudas'
ofIndia Ltd at balance sheet date||||group)||46,016
2,518|13,770
168|| |Purchases
made by BAPS &om|Saya Enterprises
Ltd (Sarjudas'||group)||||126,769|164,615|| |Balance due to Saya Enterprises|Ltd at balance sheet date||||||48,438||Nil| |Purchases
made by BAPS &om|Shayona Caterers Ltd (Sarjudas'|||group)|||1,686|4,000|| |Balance due to Shayona Caterers|Ltd at balance sheet date||||||Nil||Nil| |Donations received by BAPS &om Bank House Lockers Limited||||(Sarjudas'||group)|350,000|212,000|| |Donations made by BAPS to Sarjudas|||||||6,500,000|2,000,000|| ## ## ## ## ## ## ## |The charity is exempt &om cor
Tangible fixed assets|poration
tax as a|ll its income is c|haritable
and is|applied for c|haritable purpo| |---|---|---|---|---|---| |Cost or valuation|Freehold
Land &
~Buildin
s|Assets
Under
Construction|Furniture
Fixtures &
E~|Motor
Vehiclesf|Totalf| |At the start ofthe year
Additions
in year
Disposals|1,701.950|19,370,275
1,059,988|3,885,056
147,628|48,480|25,005,761
1,207,616| |Reclassiiication|20,430,263|(20,430,263)|||| |At the end ofthe year|22,132313||4,032,684|48,480|26,213,377| |~D|||||| |At the start ofthe year
Charge for the year
Disposals|348,657||3,006,344
366,458|17,333
9,696|3,023,677
724,811| |At the end ofthe year|348,657||3,372,802|27,029|3,748,488| |Net BookValues|||||| |At the end ofthe year|f21,783,556||f659,882|f21,451|f22,464,889| |At the start ofthe year|f 1,701,950|f19,370,275|f. 878,712|f31,147|f21,982,084| |All ofthe above assets are used|for charitable
purposes,||||| |Fixed asset investments|||||| |||||2022|2021| |Fixed deposits:|||||| |Value at the start ofthe year
Additions||||952,217
3,813|948,479
3,738| |Value at the end ofthe year||||f956,030|f952,217| ## |13.|Stock||||||| |---|---|---|---|---|---|---|---| |||||||2022|2021| ||Goods for resale|||||f14,071|f18,061| |14.|Debtors||||||| |||||||2022f|2021| ||Other debtors
Prepayments
&accrued|income||||370,440
47,213|618,488
40,879| |||||||f417,653|6659.367| |15.|Creditors: Amounts|falling due within|one year||||| ||Trade creditors
Other tax and social security|||||2022f
586,214|2021
278,571| ||Other creditors
Accruals and deferred income|||||18,308
6,994|8,496
29,570| |||||||f611+16|f316,637| |16.|Movement
in funds||||||| |||||At start|Incoming|Outgoing|At end| |||||ofthe|resources|resources|ofthe| |||||year|&gains|&losses|year| |||||f,|||| ||(i)
Paris Mendel Fund
(ii)
Lisbon Mandir Seva Fund
(iii)
Toronto/USA
Mandir Fund
(iv)
Africa Mendel Fund
(v)
Manchester
Temple Fund
(vi)
Birmingham
Temple Fund
(vii) Covid Relief Fund||1,172,443
93,025
4,475
2 907,759
1,689,945||740,056
4,647
2,633
5,965
49,670|(67,778)
(4,647)
(4o91)
(10,440)
(44,155)
(25,349)|1,844,721
91,367
2,163,604
1,664,596
49,670| ||Total restricted
funds||5,167,647||802,971|(156,660)|5,813,958| ||Endowment
funds||1,096,800||43/14||1,140,014| ||Unrestricted
funds||21481493||15,862,996|(12,890419)|24454,070| ||Total funds||27445,740||16,709,181|(13,046,879)|31,208,042| ## ## |(i)
(ii)
(iii)
(iv)
(v)
(vi)
(vii)|Paris Mandal Fund
Lisbon Mandir Seva Fund
Toronto/USA
Mandir Fund
Africa Mandal Fund
Manchester
Temple Fund
Birmingham
Temple Fund
Covid relief Fund|setup to
set up to
set up to
set up to
set up to
set up to
set up to|promote
the Charity's
objectives in France.
promote the Charity's
objectives in Portugal.
support anew temple project in USA
promote the Charity's
objectives in Africa.
support anew temple project in Manchester.
support a new temple project in Birmingoham.
support covid relief efforts locally and internationally.| |---|---|---|---| ## ## ## ## ## ## ## ##