Company number: 07313272 Charity number: IA43083 BOCHASANWASJSHRIAKSHAR PURUSHOTTAM SWAMINAIUYAI"SANSTHA KNOIYIYAS "BAPSSIYA.VI.Th"AIUYANSANSTIL4"AND "BAPS" Report andfIntTnci$ieeftts for theyÉar ended31 December 2024 BA?S Annual Reporl Aeeou4ts 2024
BocbasaDwasi Shrl Akshar Puru5hottam S#nsth* Report and financial statements for the >ear ended 31 De¢eJnber 2024 Conten¢5 Pages Trustees. annual rcport .............................................. ........................................................................ Indcpend¢nt auditors, report Statement of financial activitics (iDcorpornting an in¢ome and expenditure account) ..................... Balance sheet....................................................................................................................................... Statcment ofush flows........... Notestothefinancialstatements...................................................... 12 15 16 17 18-30 WS ADDUAI Report gnd Accounts 2024
Boehasanwasl Shri Akshgr Puru5hottam SJYamlnarAy•n Sansd Report financial statements for the year ended 31 December 2024 Trustees Report The TTllStCC5 (who are a]so the Direc[5) of Bocha5anwasi Shr]" Akshar PunL%hottam Swaminardyan San5tha (also known as 'BAPS SB"aminaray8n Sanstha. or'BAPS'I present their report and the audited fuetaI ststements for the year end¢d 31 Deccmber 2024. This report ancludes the Directors. R¢port as requir¢d by Companies Act 2006. The fin8ncial statcments comply with current ststutory requirenh¢nts, the menKrandum and articles of a550ciation aTMJ the Ststement of ReConellded Practice - Accounting and Reporting by Charities.. SORP applicable to charities preparing their accounts in accordanee with FRS 102. Our vlslon The ot of a transpaTht and efficiently managed organisation to foster a spirityal. moral, tol¢ran¢ and religious Siety to Inspi Tnany to follow the path of rigknteous living. objectiv andactivities Puryos Th¢ principal objective of tbe Charity is the advancetnent andpropagation ofthe Hiudu reg10Th amongst its followers and others with partiLular r¢ference to the teachings and principles of Lord SwamitW4yan und Gunatitansnd Swami prO[ullded by Ilo¢hasanwasi Shri AksharPurushottam Sanstha India. Aims To achieve our Visio BAP.S's aims and tsbjectives Continue to be that of imparting socAaL eulturaL moral and traditional valu¢5 to childEell, t¢enagers, youth and adults. Aclxvities The charitable acttvitie5 undert8&en in the year are eongregaiional activities; ehildren and youth aetiviti¢s' and food for deitic$, volunteers and devote&s. The Trustees reTrllew the aims. objectives and activities of the charity eacb y¢ar. This re)rt looks at what the charity ha8 achieved and the outcomes of its work in the reporting perii)d. The ttwtee8 report the succ&s8 of eÈch key activity Lnd thc benefits the clwity hs brought to those groups of peopl¢ that it is S¢t up to h¢lp. Thc revi¢w also helps the In[Ste ensure the ¢harity's aims, objectives and activities remained focused on ils stated pu4NXSCS. The TnteeS have refe to th¢ guidance contaiD¢d in thc Charity Conunission's general guidan¢e on public ben¢fit whenTeviewing the chariry'saims and objectivesand inplalluin&F its ¢tiVities. Inparticular. thetTUStees eon5ider how planllcd activities will ¢ontribute to the aims andobjectives thathave be¢n seL One of BAPS'sprincipal aims and objectives is to impart social, culttual, Et]ordl and traditional values to chikiTen, teenagers, youths and adults thereby elping tt> provide a moral and ethical frdmework ftsr peopl¢ to live by and so playing aD Importanl part in building a better society. IREcomingResoukr& The Charity d]yeS its income ptedonjtitsntly from donations from followers of th¢ fAitlL BAPS Annual RepDrt and Atcounts 2024
Structhreigovernanceandmanagement The oryanisation is a ¢Fwi&ble company limit by guarantee, incorporated in Ellgland on 13 July 2010 under company registration number 07313272. The governing document for the charity is it$ Memorandum and Arti¢le5 of A&s(l&tiOn dated 13 July 2010, as amended by $pecial r&8olution at Cornpanies Howe on 20 July 2011. BAPS owates MandiTS (places ofworship) and associatcd actiyities to promot¢ the H}lU faith, with its headqiiar London and.Mandits alld Centres throughout the Unitcd KingdonL Th¢ Uandir5 and ¢¢ntres are in th¢ following towryls and cities: Mandi 'orth London East Lonth)n South Lon(knn Birniin8ha Coventy Hdvant Leeds Leices Loughborough Luton Manchester Preston Suuth¢nd4)n.Sea Wellingborough Cemlr Barnet Belfast Cardiff Chilt¢m Colch¢st¢r Crawley Edinburgh Glasgow Harrow Hincktey Milton Kcyn¢s Newcastle Norwich Nottingham Oxford Reading Sotsth East London Swindon Watford West London Bolton Brent Brightt)n Bristol Cambridge The Trustees meet regularly to man4r the affairs of th¢ charity. One of the trwtees, Mr A P Patel, is a ll-time thinistrattsr for th¢ day404ay nmning of the charity and is in regulaTcontact with the othu lrnstees. Fach TnJste¢ has assumed rsponsibility for monttoI?ng activities in specifi¢ OPCTatiotYdl aS and chairing group$ consistillg of staff and volunt¢ers. The TrLLStees report th¢ activities of these operational are&s to the Board ofTrustees. Each Mandir has its own rt]anagemcnt ¢gnynittee which reports to a deslgnttt Ttustee. All TTUSte¢s give their time voluntarily and receive no benefits from the charity. StrategicReport Aehlevenwits andperformdnce The ¢harity's main activities aTe undertaken to lurther Bochasanwasi Shri Akshar PuDJshoLiam SwaJnin4rayan Sattstha'5 charitable purpos&s for the publi¢ benefit. Th¢ key chaTitable activities undertaken in the year include: congretiOnal activities Children and youth activitie5 Food for deities. volunteers and devotees Congreg#dOl A¢tivitEe Congregatiollal activities in¢lude the regular religious 3¢tivitirs undertaken during th¢ year. as well as th¢ celebration of annual Hindu festivais and the making of grants. BAPS Anllual Rcport andAceouDts 2024
Highlights Of th¢ year kneluded the follo11. PRAYERS & FESTIVALS Shri Swomihdruyan J4y4nli & Shri Celebrdllons The auspiciou5 Hindu festivaIs of Shri Swaminarayan Jayanii and Shri Raa Navan]i wer¢ marked with & host of d¢votiona] festiviti¢s and cultUTal programmes at BAPS Hindu mandirs and ceutres around the UK. They cclebrated the divine rnifestation of Bhagwan Shri Swaminarayall and Bhagwan Shri RaAnachandr4 allowing devotees to learn and be irjspired by their divine life, work, and athIngs. The cultural piogramme, titled 'Adharnia Andha Talyu,, fu¢used oll how Bhagwan saMinaTayan and Bhagwan Rarnachandra dispelled darkness and illurninateAI the path of righteousness. The programmes were delivered by children and youths across each centre. Shri Krtshnd Junmashtami Th¢ auspicious Hindu fcstival of Shri Kri8hna Janmoshtami was c¢l¢brated atBAPS SwaminArayan Hindu mandir5 and centres around the UK. Th¢ celebraiiotts ¢omprised a h05t of devotio1 festivities, including a ceremonial offering of food (the 'annakut'), singiiig. tlmnting. and disci>urses. An enlightening cultural programme drew on th¢ dj'ville life and teachings of Shri Krishna Bha8wan, illustrating the mod¢rn4lay rel¢v8nce of ancient Hindu wisdom foT living with greater pUoSe attd spiritual fulfilmenL Diwa& & New Year C*lebrrfion.$ at dllivondirs Diwali and the Hindu New Yepdr are of the most important festivals for mtllions of Hindus around the world. They bring values of goodwill. hope and ham)ony across ¢ommuniti¢s - and these very valu¢s were embodied during the celebrations at BAPS inal1r$ and centres &¢TOSS UK. Thousands of worshippers and mcmbers of the local community came together to enjoy the fe5tivitses of Diwali and the Hindu h'cw Year. Visitors enjoyed darshan of th¢ annakut- 'a mountain of food. lovingly PTepared, anisiically arranged. and devoutly offcred to the sacred dcities as tbe fjrst meal of the New Year. It l5 a profoundly devotional, cere]nonial offering made in thaDksgiviT]g foT th¢ providen¢e of God overihe past year and ts> seek blessing¥ for the year ab¢, The food was then distribuied among devoiees. voluntceTS. and vi51tors. In kttping w'ith the Diwali spirit of charity and goodwill, many of the m8ndirs in theUK also collected non-perishable food items forlo¢al foodbanks to help familie8 adversely tmpacted bv the ongoing cost-of-living eris1S. This year The Football Asth¢iation (FA) partsred with BAPS Shri Swarninarayan Mandir. London to celebrate Diwali at Wembley Stadium on Thursday 14 November. This was the fir8t-¢ver Diwali ¢elebration to be held at th¢ sradIu marking a historic milestonc for th¢ Hindw Sikh dnd Jaill communities. and a leading example of The FA'S ¢oinmitmcnt to workirlg closely with faith communities across the county to promote ptirticipation and engagement in fooiball for all. AkhundDhMn.. AnnualPYayersforSuccess. Peace & Harmony. Wdhngborough A special day of continuous prayers was held at BAPS Shri Swaminarayon Mandir, Wellingborough, (>n Sunday 31 March. Th0sandS of worshippers from around the UK conN'¢ned topiay for success. pcace. and ham]ony to prcvail in ¢ommunitics aeros$ the world. The prayers began at 7.OOw with visilors joinillg throughout the day to offer their devotiort at the 'Akshar Deri,. a beautiful Shrine hous¢d within the mandir. Th2s year marked the 40th anniversary of the Akhand Dh. which had had modest beginnings in E984. To cclcbrate the Occasio Mahant Swami Imahardj sent his blessing and reiteiatillg th¢ Spirial $ignifi¢ance of the Akshar Deri styine. calling it on par with The Akshor Deri in Gondal. India. He aIso ¢onveyed his personal pray¢rs for evcryon¢'5 well-bcing, and for peace and harniony to prel'ail in all communi(ies at a time when unrest and hwllanitariart ¢rises continue to unfold in various parts of the world. Néw Yeqr's Famtly Mahapuj4 Hundrds of families across the UK joined in 4 special rnahapuja oll.Monday l January to pray for world peace: fami.ly harn)ony, and o Safe and sllcc¢ssful Ye ahead. Many fan)ilies gathered at London hlandir in two sessioT]s, in the mon)ing and in the afternoon. Many inore join¢d online liv¢ w¥bcdSt froin tlieir own homes. The sacred ceremony was conducted from London Mandir by the resident SW]8 yupport¢d by youths. As Swamis chant¢d powerful Vedic montras to invoke the divine presenc¢ of God and offer various fomis of reverence and adoTation, they a]80 slj2Trd explanations to allow participallts to understattd and enjoy the ceremony. The event provided an oppi)rtunity for families to hcrdld the new year with a collective spirit of faith and hope. Celebr&dngShri R4n¥ Janmabhumi Mandir Opening The opening of the new 8ndIr at the saered bbplace of Bhagwan Shri Ram¢baudj1 in Ayodhya, Endia, was a historic moment of celebration for over a billioll Hindus arouud the world. BAPS Shri Swaminardyan Mandirs in UK joined the 'or]dWide Hu)du communit5, as part of th¢ global celebration. The cclcbrations lncorp0rdt a host BAPS Allrjual Report Account$ 2024
of devotional festivities from 20 to 22 January. Visitors and well-B'i5hers from the Hindu communil) attived throughout the three days to participate in a special pujan of Shri Ramchandraji Bhagwan as Thell as an Akshat Kurnbh (¢eremontal *ess¢I Containing sanctified rice graims from Ayodhya). London Mdndirwas adorned in vibront and bEautiful decoraiions. with a special annakut offering made to Siia Mata and Ramchantha Bhagwan. coMnINITy British PMRishi SuntTk & Akshatq Murty Visilivettsden Temple. London. UK British Pritne iMini¥tsr Rishi Sunak, accompanied by S wife Akshata Muty. iisited BAPS Shri Swaminarayan Mandir. London- popularly known as 'Neasden Temple'_ on Saturday 29 lun¢. They wcrc warn)ly welcomed in a tradi(ional Hindu manner by swamis as well as senior leaders of BAPS isK. Mr Sunak and his wife were then guided on a brief tour of the MaDdir where they paid their respects lo the murtis and adTnir¢d the traditional Hinthi artond architectur¢. The coupl¢ offered th¢irpersonal prayers atthe central shrine and then pro¢eeded to perforni the abhishek of Shri Nilkanth Vami. They spent Considerable tim¢ me¢iing BAPS volunteers, with whom thcy discussed somc ofthe Mandir's charity and communiry work that the volunteers drive. Mr Sunak and Mrs Muty were particularly impr¢5sed by the dedication of some of the young i'olunteers. The couple then proceeded to the prayer hall to join the ¢vening &ssembly. N¢fjsdeM Temple Receives Trlpadvisor Travellers, ChoiceAwardfop 2024 'Neasden Templc, _ has been honoured with the prestigious Trip&dvisor Travellers, Choice Award for 2024. Tripadvisor is the world's largest travel platforn), featuring more than 860 million revie$ of attraction5 and places of inierest. More than 450 million travellers use Tripadvisor each month to plan their Trisits. The Travellers, Choice Awards places the.Mandir amongst the top 10 / 'thiDgs to do, in the world from more than 8.7 million attraction exper1¢n¢, hotels, restaurdnts, and oth¢r places cov¢red on its lisling. eden Temple Sunimer Fair BAPS Shri Sm'aminarayan Mandir in London organise5 various events tl]roughout the year to bring the loca community togeih¢r. The annual Summer Fair attrY¢CiS thousands to experience the vibrdnt eulture and cornjnunity spirit of an outdoor gathering, with a variety of activities, delicio f4)od stslls, livc perforniances, and much rnore. This year, the eyent was lield on the grounds opposite the Mandir over the sunny weekend of 13-14 July, where member5 of the local community and visitors gath¢red ro enjoy Thvo days of cnjoymeni and leaming. Th¢ eveni offered a widc range of activities, iu¢luding Lhil<lrell's rides, a large ¢ommunity stage that f¢aturtd Itv¢ perfomunces from a varied genr¢ of arts. creatiug eneIgy aud shoM'¢a5ing tslelltfrom young and senioi perfomm. BAPSAnnts&l Ch4vity ch4nge Over 3,000 people of all ages and backgrounds canle together from BAPS Swaminarayan Hindu m3ndirs and entres around the UK to participate in the BAPS Annual Chariry Challenge. The IOK Artnual Challenge uniles panicipattts for a fun-filled l O-kilometre walk, jo& or run to raise funds for a variety of worthy causes. The celltre in South London also held an additional Static Bike Challenge in which several riders participated to help provid¢ vital support to two local charities. Participants spellt the day having fun and games with their family and friends after the walk and helped supporting thc work of local charities atsd good causes. A Globdl CoNJlueMee DlverseMiAd5 & Thinking The 25th World Congress of Philosophy, h¢ld in the historic city of Rorne, brought together somc of the bIightest minds from around the globt. This prestigious evenl, organised by the International Federdtion of Philosophiial Societies (FISP), 8etved as a platforni for scholars, thinkers, and enthusiasts to engagc in profound diwussions aud a rigorous exchange of ideas on various philosophical topics. On Friday 2 AugusL an insighthl round table session was held by the Congress that focused on spiritual ¢¢ology- an emerging field of stydy that ItegrateS ecology, scienc¢. andreligion- and Akiara-Puru¥ottama Darsana. Cbair¢d by Ma)ahopadhy8ya Bhadre5hdas Swami, the rolllld table sought lo cataIyse a re•examination of our underlying attitudes and beliefs about the eni'ironment through a lens of religious philosophy, specifically Aara-PunOtt Daraana.. From Ayodhya toAbu Dhabi., A 'TimelÉss Hihdu Iyisdom, S¢min4r More than 440guests enjoyed an enlightening eveELing ai the Mer¢ure Hotel in Northampton on Sunday 27 October. Ti(led'Fn)mAyodhyato Abu Dhabi.. A Journey of Global Hamiony,, the seminarwasport of iheongoing 'Tim¢l¢ss Hindu Wisdom, scrtes. that began online duritig the Covid-19 pllndemic. Guests were warmly greeted in a traditional Hindu manner by children bcfore beillg ushered tts beautifvl depictions of both the Shri RnjanmabhunJl Mandir in Ayodhya, Lndia, and the BAPS l.Iindu Mandir Abu Dhabi, UAE. Inhis keynote address, Paramtattvadas Swatni, a learned BAPS Swami, nTated the historical siguificance of th¢ Ayodhya Ram Mandirand its connection BAPS Annual Report and A¢coullts 2024
'ith the SaMinaraYan SampTadaya as well as the d¢cades of support it has reoeived from th¢ BAPS gurus Yogijl Maharaj. Pramukh Swami Maharaj, and Mahant Swami Mahiiraj. BAPS Hosts Ean London & E£¥ Hindu Communty Forum, ChIgwe E5J BAPS Shri Swaminarayan Mandir, Chig,e]I, hosted an inspiting event on Friday l March in which representstiies and guests from variou5 Hindu t¢mplcs. communities and associations from the Elgt London and Essex area gol together. The event was inspited by Mahant Swami Maharaj'5 vision. "In th¢ spirAt of Vasudbaiva Kutumbak let's reach out and expand th¢ ¢irclc of global ham)ony." tn keeping with this vision. this evellt provided a foLlUll for members of the community to meet each other and und¢rstsnd how the different organisations could 5uppori each other to better serve their congregations and the wider community going forward. Children from the Mandir began the evening with a recital of Vedic peace pr&yer5. GreatBritifh Sprlng Clean, UK More than 200 volunteers from 14 BAPS SwaminarayaD Hindu rnandirs and ccntre8 around thc took io the streets in Marcb to help clean up ld rcjuTrenate th¢ir local neighbourhoods. Th¢ voh]nteers filled more than 140 bags containing vaTiOU5 forn)s of litter, signifLcantly itnproving the sutTounding enNironmont. Th¢ initiative was part of the Gr¢at British Sprtttg Clean, the Tvdtion's largest mass-a¢tioll environmental ¢ampaign in which thousands of individuals, 0upS and s¢hools come tog¢ther aroLEnd th¢ county to participate. Tl)c annual event is orgaiiised by Ke¢p Britsin Tidy. a l¢adtng indep¢nd¢nt envirunrn¢nial chaTity ihat works to inspire, educate and enable everyone in the cnunty to value the environment on their doorst¢p. Installulion Ceremt>xy ofihe Iligh Sheriff0fBedfokIre. Ltstory UK On Satstrday 23 March, Mr. Bhavesh Shah was sworn in as the High Sh¢riff ofBedfordshire for 2024-2025 atBAPS Sl)ri Swaminardyan Mandir, Lulon. The High Sheriff role is a non-political, Royal appoirttmcnt that has beell a vital aspect of British tradition foT centuries. To this day. the High SheTitTof a county remains tbe SoYereigD'S-CUtrently IIi$ Majcsty King Charles lll's-prCScntatlve in that county for all matters regardillg th¢ preservation of Law and Order. The High Sheriff operates as a key link bettN'eell Police forc¢s and ihe judiciary with the wid¢r local Community, ensuring thal mutual support and respect remain8 siTong. LTpholding peace, strengthening cotnmunity unity. improi'irtg safety. and encouraging individuals in ioluntary setvi¢e arc the key aims lor tbe High Sheriff. NeldeA TeFxpleP4rhcip&tes in OK House Londoffj UK The tA)ndon imandir M'elcomed more than 1,200 areliitecture and ¢ultUTe cnthusia5ts during tb¢ w'eekend of 14-15 Septcmber as part of thB Mandir's colltinu¢d participation in the Open House Festival. an annual London-wide festival that opens up and celebrates th¢ ¢apital's ar¢hitecture, special places and neighbourhoods, with free open days and eN'ents hcld across London. The Open Hous¢ programme began in 1992 to offcr fr¢e act5 to London's best buildings and inspire the public about the b¢n¢fits of great design. It is OrgalS¢d by Open City, a chariiy dedie2ted io making architecnire aud neighbourhoods more open, acces.sil)le, equitable. The NIal]r is an active ponicipant in the annual Open House event and welcomed visitors throughout the weekend. Volunteers guided the visitors by explaining thc Mandir's architecture. history, religious significancc and its contributiolls to the society. BrentFolth Coven<thtLaun¢h ar the House ofCommo4YS UK Representatives from BAPS Shri Swarninardyan Maodir, London joined faith and ¢ommunity l¢aders frgrn a¢ioss the LoMd(trn Borough of Brent at the Hous¢ of Commons on Wednesday 13 NovemE¢r for a 5ignifLcant TfLil¢stone in fostering interfaith harmony and collaboration. Th¢ event, hosted by Dawn Butler MP, Mcmber ofparliam¢llt for Brent East. 11] partnership with Brent Council and the Brent Mulii-Faith Forum. mark¢d the official signing of the Brent Faith Covenant. The Covenant is a powerlul reaffimiation of Brent's shared commitment to interfaith harn]ony and collective action for the greater good ofthe conllnuniry. By bringins together diverse laith groups and eommunity represcntatives, the Coven8nt highlights the importance of uniry. understanding, and collaboratiou in creating a thrii'ing and inclusive society. BAPS ComMuHity FoodDriv BAPS inandirs and centres across the UK joiu¢d in a nationwide driv¢ to donatc fi)od to local food banks and homeless shelter5 dwing the winter festive period. This coordinated effort was a part of BAPS'S multifarious activities to support local communities. The various BAPS mandirs and centres called upon worshippers and well- wishers to donatc food items to help famili¢s adversely impacted during the ongoing cost-of-living crisis around the UK. The combin¢d donation, ¢quating to provisions for thousands of meals, camc at a ¢mcial time when n]any individuals and farnilies colltiDue to face f11 hardships exaccybatel by a difficult winter period. N¢45den Temple donatcd more ihan 2,500 items of food to Brent Fo(Klbank. Brettt Foodbank thanked Neasden Temple on X.. "Thank you so much for your ongoing supportl It will make such a big difference to households in crAsis this winter." BAPS Anjjllal Report At¥t$ 2024
C¢lebraling Int¢*narionul Wopnen's Doy BAPS Sw'aminarayan Sanstha in the UK observed the UN'5 International Women's Day with an inspiiins progrdmme in 30 cenire5 around the region. Internaiional Women's Day {IWDI. which falls annually on 8 Mard was ratified by the United Natiotjs in 1977 to Ilonour the significant COntributio]]5 of women throughout the course of bistory. BAPS'b cel¢brations, titled 'Celebrating W0En.. Uplifting Communities,. focu5sed on how everyone ¢an be an advocate for harniony and draw inspirati¢m froffj women p39t and present. The programme dclved into the chall¢nges faced by individuals and communities amid the pandemic and ongoing ¢ost-of-living crisis. It specifically underscored the significanc¢ of Cultivating apositive mindset and eTnphasised thc trdttSfOrnt1v¢ pow¢r of small acts of kindness in fostcring unity and positively impacting socitrty. BAPS Swaminardyan Sanstha's celebration of tWD T¢presents its ongoing eoTnmitment to women and matters of importan¢¢ to H'oTn¢n, as inspired and guided by BAPS'S spirial leader, His Holiness Mthant Swami Maharaj. YOUTH ACTIVITIES Koryakar Training & Conference, Paris. France More thall 70 karyakars from Pari5 itnmersed theinselves in a day-long workshop on 28 Jartuary grdced by the presence of swamis from BAPS Shri Swaminardyan Mandir. London. Thc training aimed to deepen their understanding of forthcoming responsibiliti¢s, particularly in the lead-up to thc ¢onsMIction of Paris MÉmdir. The evete0Mmencedwith an insightful spttch on the historyofparis Satsang Mandal. LTpdatos on the conbtw¢lion of a new Mondir in Paris were presented to help parti¢ipants visuAIise the final Tesult. Klsh(Jre•Ktshori Mand4lBhur41 2024 A group of 80 young boys and girls from the UK ejnbatked on a spiritually enri¢hing yatra (pi]gringe), titled 'Asmita', to India from 4 July to 8 August 2024. TIM'S Bharat Yatra (pilgrimage across holy sites tn India) is a long- standing int¢rnational initiative of BAPS swatt)inayall Sanstha that provides the yout]LS with a unique opportunity to visit numerous mandirs and Sacr Hindu site5, PgJtiLularly those ¢¢ntral to th¢ Swaminarayan Samptadaya. Following in th¢ footsteps ofNi]kanth Varni. the group irnN'elled through N& Orth India. visiting the ancient eities of Haridwar and Rishikesh in Uttarakhond, renoivned for their revered temples and the sacred River Gan. The pilgrims also had the privilege of visiting Ayodhya, the birthplace of Shri Ramchandra Bhagwan, and Chhapaiy4 the birthpl4¢e of Bhagwan SwaMinardyi, in Uttar Pradesh. These sacred siies dcq)ened their connection to their mois, faith, and heritagc. Guruljhakii.. Ourknfe | I(Ishore-Kh0ri Shibir The 2024 LTK Kishore-KtshoTi Shibir wa5 held from FTiday 16August to Sunday 18 Augusl at Warwick Conferettce Park, attracting over 500 enthu5ias¢ic youths from secondary schools, colleges. and ]ve[SItieS from a¢ross the region. This three-day youth Convention was an enriLhing experience aimed at fostering a deepei understanding of the role of a gurn in personal and spiritual development. Themed 'Cyurublthi'. Our Life,, the shibir aimed to help participants wp the .8ignificance of a in their liY¢s and explore the practice of Gurubhakn., following the eXaPIC set by Mahant Swami Maharaj. Th¢ shibir drew deeply upon the p¢rsonal experiences of Mahanl Swami Maharaj. particutarly his r¢fje¢tion& upon Pramukl] Swami Mahardj. Ekanrtk.. The True Path | Yuv4k-Vuwti Shibi Over 730 youths from a¢ross the UK gathered at WaNick Conferell¢e Park for a three4ay summer shibir, held in AugusL The 5hibir's theme, 'Ekantik.. The True Path,. was hcld in the prescnce of Senior and visiting swamis from India and swamis from the UK. The airn of the shibir was to ITp)re yllvaks and yuvatis lo deeply und¢rstsnd the concepi of Ekanlik Dharma. CenlTal to the shibir's teachings M'as understanding that walking the Ekantik path requircs unwav¢ring comii)ilrnent. discipline. and courage. The 3hibiT emphasi8cd ihaL through a strong connection (iodaan) with the Param Ekantik Satpuru5h, MahaTLt s7M1 Maharaj. on¢ ¢an successfully navigate this path. attain the Ekantik state, ai)d ultimately experi¢nce the bliss of AkShor(arn. FAMILY & VOI,UNTEERS Mdru Krtrtavyo.. The Legacy Continues | Sanyukth Mandulshlblr Two thr¢e4ay residential shibirs for Sanyukta Mandal We held at Wanvick Conference Park in August. Titled 'Maru Kaftavy2.' The Legacy Continue5', the shibits broughi together ov¢r 1.7(K) delegates to develop ¢heir spirittjal undcrstandillg and apprKiation Of His Holitiess Mahant Swami Maharaj's work. wisdom, ajhj virtues. Senior swamis visiting froin India graced with inspirittg talks. BAPS AtLnu21 RepDrt ACCOLts 2024
CHILDREY'S ACTIVITIES Bal-Brtllktz MondalSMmmer Cdmpj Leicesler Around 160 children from the Midlandg- including Leicester. Loughborough, Birniingham, Coventy and Rugby accompanied by 90 trained volunteers enjoved a day of spotts and team-building activities at Beaumanor Flall in Woothouse, LeiceslershiT¢, on Sathrday 27 July. Beaunydnor Hall is a Victorian county house set in 34 arres of idyllic countryside. The venue offers trdining cooferenLe and r¢8idential fa¢ilitses for young people, including outdoor l¢arning expericnces for childrcn of all ages. The trip, iitled 'Samp Can4)'. was organised to foster new friendships in a safe, engaging enviranment. Swamis from BAPS Shri Swaminarnyan imandir, l.eicest¢r also awompanied the group to share their wisdom and knowledge. Bol-Balikn Shibir 2024 A three-day residential shibir tor around 400 children aged 8 to 13 years was held in Augustat WarwickConfrr¢nce Park to help them develop their understanding and appiicdtion of core Satsang principles. Conveyed through a thtilling special agent-tticmed theatre production inteNov¢n with engaging spxritual talks by swarni5, vibrant musicals, uplifting presentations, and in¢er8ctiv¢ ¢lassroorn s¢ssions. A vibrant kirtan bhakti programrne delivered by swamis and youths provided #n opportunity for the yOg attende to imrnerse themselves io devotional music by singing, clapping, and dancing, creating a sTriritually charged and uplifting aknosphere. Grantwmatdng As part of its con8regatioJJal activities. BAPS makes grants to org#nisations whose aims and Objectiv are stmilar to those of BAPS in order to promote their xtiviiies. BAPS considers that these grants contribute to its ¥hievem¢uts of its aims and objectivc5. The grdnt-rnaking poliey is as foll0K.. l. The Ttustecs apply the funds of BAPS al their dISction and in accordance with the chatitable pu4)0S¢s and objectlVC5 of the charity. Any decision whether award a grant r¢mains solcly with the Trustees. 2. The amount orDumber ofproj¢¢ts thatcanbe supportedby the TDJStccs is limited to the amouu¢ of that are ai'ailable for distribution each ye, after allowiJL¥ for ongoing cxpendittwe of th¢ Chatity. 3. Grants are made forthe direct or indirect advan¢ementofthe Hindu faith acroK the Worl particularly in UK and India. 4. tn awarding the grants. the Truste¢5 will apply the foUowingprinciple%: to CtsDsider any requ¢si from any area within UK and ovthscas. to considcr each Tequest on its own tDeriL to cany out due diligence to ¢nsure that the request meets buth the charitablc purposc and the prioritics. Food for Deltles, VoluDteer4 and Devolees Food was provided for deiti¢5. volunteets, devotees as part of th¢ Ieligious activities <kscribed above. Use of volunte¢rs BAPS enlists the s¢rvices of nKbr¢ th8n 1,000 vohmteers nationwide in dElÉv¢ring the aims and objectives of the Charity. Th¢ volunteers are organised through a framework involving National, Regional, and ArEa Coryordiuators. The volunteers are involved in genernl martagement and the COTe activities of the organisation.. Providing services in vario5 departments including security. administration, c<)ngregation organisation, kitchen, audio/videolphotography. media rel70n$. public relations, finance. youth activities, Children activities, adult aciivities, etc. Orgattising regional assemblies BAPSADnlllR¢port and AetOUAts 2024
Participating in fijnd rnising actiiryties. An e5timat¢ of the financial worth of the volunteers to BAPS has been established by sessing the number of hours worked and Converting this into a monethry vah. The resultsnt estimate is £2.5 million (2023: £2.5 million), ¢xcluding national insurdnce, pension. TecNitsnent or other costs that OUld nornlllly b¢ payable for employees. Flnanclalrevlew The Ststernt of Financial Athivitiu {SOFA) shows net in¢o]nin8 and outgoing resources for the year. The SOFA o shows the fmancial activity of the Charity distinguishtng between restri¢ted and unrestricted activities. Ineomimg resources Th¢ Trustees were pleed with thc lev¢1 of incomtng ffsoutc¢s during the year. The Charity's activities are mainly financed by fimds raised through voluntary income- donatiotLS. These donation are re1Ved for th¢ general operdtions of the Charity including provision of clothing and jem'ellery for the deities, ehildren and youth activities. food foT the deities and devotees, and the furtherance of IL8 activities. These unrestrictcd fidS are distinguished fiY)m the restricted fun(Ls M,hich were received for specifie projects. Ch&ritrfble ewndilmre During 2024. the total charitable expenditure of the ¢harity was approxitnately £15.83m (2023.. £24.96m). This ftnclu¢J¢s donatio mad¢ by the ¢harity of £8.59m (2023.. £17.22m). Bathnceske As at 31 December 2024, total cash, deposits and ini'estments w¢re £5.34m (2023.. £4.60m). At th¢ end of the financial year, the Chartry reported total net assets of approximately £27.31m {2023.. £26.91m). Of these, £25.81m (2023.. £23.91m) were unrestricted fimds, while th¢ remaining £1.5m (2023: £3.OOm) were r¢8tricted to specific purposes and were not available for th¢ general purposes of th¢ charity. Prlndpalr15kf ond uncertalntles Key rii The Tn1¢¢8 are Te4)onsible for eth8urinB cffective risk management. and that internal controls are in place to appropriately manage th¢ risk exposu of the Charity, in doing so, the Board h&q considcred the major risks to whieh the Charityis cxposed. th¢ wtential impactandprobability associat¢dwith eachrisL and the mitigating actions needed to reduc¢ wh risk to a l¢vel that the TrllSte considers to be ac¢eptable. The major financial risks are each subject to ongoing monitoritsg and manag¢ment. Inctsme and cost control are subjeet to ongoing rcvi¢w on at least a quarterly basis with prior approval of the Board nc¢d¢d for significant cost activities. Th¢ a¢tivities of the Charity are depend¢nt (m its ability to taise fiwds from donations and congregational donations. The key risk therefore is the Charity's ability to secure ongoing funding. The trustees consider this risk to be low a5 its dorttsrs are diverse and very supportive. The clwitable expenditure 15 largely discretionary and can bc rethiced to mitigate a substantial reduction in incom¢. In additio th¢ Charity's relained r¢serves are sufficient to mitigate any short or medium-tertn reduction in nct inc¢)me. Reservespollcy and9oi concern Total unrestricted reserve4 (Trf £25.81m (2023.. £23.91m} indicate that there are no material risks to the organisation's ability Lo operate as agoing concem. As a result. the accounts have been prepared on a going Concern basis. TheTrustees have conf]rnJcd thaL aft¢rearefvl VIeW0f the reserves p)licy. the mostappropriate measure of resctves for the Charity is by refcrcnce to the Charity's liquidity positio A5 at 31 December 2024, th¢ Charity's liquidity positi(Trn was substantially in excess of its rcserves pokn'cy. In consid¢ring the ad¢quacy of the rcserves. the Trustees have taken into account the largely discretionary nature of its exp¢nditure and th¢ relativ¢ly stable l¢vel of annual donations rece&ved. BAPS Report *nd A¢u¥unts 2024
ReserTres poJi¢y The Trusttts consider the k¢y measure of su8tsinability for the Charity to be cutrent and liquidity cover, rather thaD the surplus or d¢ficit accountin¥ p(ltion. As a consequence, the Trustees have Set appropriate reserve8 policies relating to liquidiiy ba%d on the relation8hip between readily realisable assets, on-going level of donations receive and the c&%h requirements associttcd with sustsiTJing the Charity'5 operations for a period. In establishing this policy, th¢ Board of Trllstees conducts an annual review of the level of unrestiicted reserves in the ge1al fund by considering risks associated with the various itjcorne str¢ams, expendityre plans and balanc¢ sheet iten)s. This er]abl¢s an estiD]ate to be made of the Icvel of res¢rves that are sufficient.. to allow titne fur re-organisation in the th'ent of a downbjm in income or asset value5,' to prOtt ongoillg work prograuun¢; and to allow the Charity ¢0 meet its objectives RisL8 and issu¢s constdered by the Board of Ttustecs in making this judgem¢nt on the Icv¢l of unr¢stricted res¢ryes include: likelihood of a dOwntt in income streams. p¢ri¢xl of time r¢quired to re-¢Stablish incorne streams. period uf time required io downsize the ChaTity operations. whether there 1$ adequate control over budg¢t5' and requiremellts for a reasonable level of working capital. Th¢ Tn are of the view that with minimum annual incoming resowces of £3 million. mainiaining cash reserves of at kast £4 million will provide .%uffi¢ient SourCeS in the ev¢TLt of advers¢ conditions. The Tntee5 have also ass¢ssed other i)perdtional and busin¢ss risks which they face and confirm that they hdve ¢str¥blAthed systems to mitigate the significant risks. In the event of the Clwity facing diffi¢ult financial Circumstsnces, this would allow it to Cotitinue operationy duTing a period of managed adjtsstment to thes¢ new ¢im$(ance8. The Tnle¢S revi¢w the Charity's reserves policy atmuaily alld are satisfied with the level of cash reserves at the end of 2024 which amounted to £4.12m. The Charity's total unrestricted resetves atnounted (0 £25.81mwhich the mjstees conslder is sufficient to fund (Trngoing costs of thc chlty for at one y¢2r and will maintsin theln at this level by Conunuitig its fi-raiSIng activities a5 in pr¢vious years and managing its outgoings. InvestmentspollLy Th¢ Charity utijises fixed deposits and %avings accounts to hold ¢&sh Sulus¢s. A5 at 311)¢cember 2024, thc total balance held in thGs¢ account was £1.08m {2023- £0.96m). ansfvr thefvthre ThetNstees aimto maintain theeorttinued su¢£e5s achieved byBAPS in delivering iL% aims and objeclives. The chaTity intends to Continue with congregational activities, in¢luding celebration of Hindu festivals throughoutthe year. as well hildren's and youth activities and focd for deities, volunteer5 and d¢votees. Eyentsslnce the endoftheyear ]Jrfomtstion relating to ev¢nts since the cnd of the year is given in the not¢s to the fjnancial stalcments. Appolntment ofTruste5 Trustees are appointed orremOv by the Board of Truytees. Potential new ttustee$ are periodically identifi¢d bv th¢ Board of Trnstces. These individuals work alongside existing trustees for a period of thTce y¢aTS before considering thcir app0]ntrt. No llew tystees weff appointed during the year. Relatedparties andrelationshlps wlth otherorganlsadons The Sariudas FOundlOn is a charitable compaY with similar aims and objeetives kn BAPS to which BAPS provides charitable grants. BAPS and The Sariudas Foundation have & TTUSte¢ in common. Saya Enteiprises Limit¢d is a tradillg subsidiary of The Swiudas. Foundation. BAPS and Saya EntC4)rises Limited have a Trustee in commotL BAPS Rtyorl ind A¢cvunts 2014
BAPS occupied a number of properties ¢)wned byNilkanth Estates, wbose clwitable put]KJse is w provide properties for th¢ us¢ of chatities thatprornote the Hindu faith. Nilkanth Eststes and BAPS have a Trubtee in cornmon. Remunerqdon pollcyforkeymunagementpersonnel The key ManagennIPCr50nneI of th¢ ¢haTiry are th¢ ttusle&s who are noi iemun¢rated. Statementofrnsponslbilldesofthe trustees The Trnstees (who ar¢ also dircctors) of Bochasanwasi Shri Akshar Punthottam Swaminarayan Sanstha for the puTp(k% ofcompany law are rcwnsible forprepating the tstee8. annual repor4 the strategi¢ Teport, and the financial State[nts in aceordance with applicable law andunited KingdomAccouttting Standards (United Kingdom Generdlly Aepted Accounting Practtce). Company law requircs the trnStees to prepar¢ financial statements for eh financial year which give a true and fair view of the state of affairs of the chaTitsbl¢ ¢ompany of the incorning resources and application of rwurce including th¢ income and expenditure, of the charitable company for that p¢rityJ. In preparing thesE finwKiai statements, the ttustees are required to". Selcct suitable accounting policies and then apply thein oonsistently Observe the methods and principles In the Charities SORF Make judgements and estitnates that are reasonable and prudent State whether applicable UK A¢countillg Standards and 5tstements of recommended practice have b¢en followed, Subjecl to atty material departures disclosed and explained in the financial statements Prepa the fUnCIal statcments on the going concern bas1s unless At is inappmpriate to presumc that th¢ charity will continue in operation The Tnjstees are res2x)nsible for keepingproper attounting reeords that disclose with reasonable accutacy at any ti the fjnanrial position of the charitable company and enable them to ensure that the financial statement5 COD)ply with the Companies Act 2006. They are also responsible for safeguarding the as5¢ts of the charitable company and hen¢¢ for tsking re&sonable st¢ps for thc pr¢v¢ntion atKI d¢t¢ction of fraud and othu IegUlaritieS. In so far as the TNstees are aware.. Ther¢ is no releTrant audit inforniatiort of which the charitable company's auditors are unaw4re The trnst¢¢s have taken all epS that they ought to have taken to make tbemseli'es awar¢ of any rel¢vant audit infomiation and to ¢stablish that the auditors are aware of that infom]ation The Tntee$ are ra8ponsibl¢ for the maintenae and integrity of th¢ ¢OOrate alld financig41 infomTrtion included on the charitable companys website. Legislation in the United Kingdom goveming the prq)aration and di&%emination of fllwlctal statements may difyer fiom Icgis]ation in other jurisdictioll5. Memb¢rs of the charity guarantee to contribute an amount not exceeding £1 to Ihe assecs of the charity in the evcnl of winditig up. The total rtumber of such guarantees at 31 De¢eJnbei 2024 was 5 {2023.. 5). The truthes arc mcmbers of the charity but this entitles them only to voting rights. The Tnte¢S have no benefici inter¢st in the charity. Reference and adminl8tr¥tive information Trustees ad Principal Advisor$ Company Dumber 073l3272 Charity Dumber 1143083 RegÉstered offiee d operational address Pramukh Swami Road Neasden London W108HW BAPS AnDualJi¢port RDd A¢¢oun15 2024 10
Also knowll as "BAPS SwaminaTayan Sansth4" and"BAPS" Coulltry of regtstrntion England & Walc5 Country of IDcorpor*don United Kingdom Trustees Tntstees, who 2re a]so directors urlder company law. who served during the year and up to the date of this report were &s follows.. J1tenthakur Magatsbhai Patel- Chair Sanjay Jayendra Kard Anup An Vy&% Arvindkumar Patcl Dr. Mayank Shth Banke The Royal Bank of Scotialld PIC 354 Station Road Harrow HAI 3XZ Solicitors Hugh C4ttivright & Amin 12 John Sttret London WCIN 2EB Auditors P.S.J. Alexander & Co Chartered Accountsnts and R¢stered Auditots l Doughty Street London WCINT2PH Audito P.S.J Alexander & Co were re-appoint¢d 8$ the charit&ble ¢ompany's auditors during th¢ year glld hai'e expr¢ss¢d their willingness to continue in that ¢apa¢ity. Th¢ trystees, annual report has be¢n approved by the Trustees a gned on their beTlf by.. Dat¢ September 2025 Jit drakumar Patel- TRUS ATh1ndkmr Patel- TRL'STEE BAPS Annu41 Report and Accownts 2024
Independent Auditors. Report to the MembeTS and Trustees of Bochosanwasi Shrl Aksht7r Puntshottam Swaminarayan Sanstho 'c have audit¢d the fllrancial 5tatenKnts of Bochasanwasi Shri Akslw FUnhOltarn SwaTninardvan San&tha for the year ended 31 Dttember 2024 which comprise the statemcnt of financial activities, the balance 5heeL the eashflow statement and the related notes. The financial reporting fravnework that ha8 been applied in their pieparation is applicable taw and United Kingdom Accounting StaTLdards (United Kingdom Generally Aecepted Accounting Practice) including Financial Rcporting Standard applicable in the UK and Rcpublic of Ireland (FRS 102) (C'haTiti¢5 SORP FRS 102) and Financial Reporting Standard 102 The Fittsncial Rep)rting Standard applicable in the UK and liepublic of Ir¢la] (Unit¢d Kingdom GeneraIl)' Accepted Accounting Practic¢). In ouropinion tbe financiaj statements.. give a ttue and fair view ofthe sta of th¢ chaLltable company's affair5 as at 31 December2024, andof the incomillg Tesour¢¢s And application of resources. including its income and expenditure, for the yearth¢n ende. have been properly prcpared in accordance with United Kingdom Generally Accepted Aceounting PActice' and have been prepgred in accordance with th¢ requirenhents of the Companies Act 2006. BASIS for oplnlon We conducted ouraud%t in accordallcewjth Jnternion&l Srandards on Auditing (UK) USAS (UK)) and app]ib]e law. Our respollsibilities undtt thos¢ 5t2ndard$ ar¢ furtber described in th¢ Auditor's rc8ponsibiliti&s for the audil of the fin8n¢iaI statements s¢ction of ourreporL We ar¢ independent of ihe clwitable company in a¢cordance with th¢ ¢thical wuirements that are relevant lo our audit of th¢ financial statements in the UL including the FRC's Ethical Standard. and we have fulfilled ourotherethical responsibilities in ac¢ordancewith these r4uircments. We believe that the audit evidencewe have obtainoj is sufficicnt and appropriale to proiryde a basis for our opinion. CtsDclusiolls relating to golllg ¢on£ern Ve have nothtllg to r¢port in r¢spect of the following matteT5 in relation lo which the ISAS (UK) require us tt> report to you Ivere.. thetrustee5' use ofthe going cottcernb&sis of aecounting in thepreparation of the finaneial statements i8notappropriate,' or the trustees have not disclosed in the fll)ancial statements any i¢kntifi¢d material unc¢nainties that ma}. cast signiticant doubt alKTrUt the company's ability to continue to adopt tlie goillg ¢oncern ba%]¥ of accounting for a period of at kast ttvelve months from the da¢ when th¢ financial ststements autborised for isSU¢. Other Infomadon The Inree& are responsible for the other infomiation. The other iDforn]ation eumprises the infornmtion included in the Trusteu. ReEKJrt wbich in¢ludc8 the Strategic report but does not include tbe f]naDciaI sknents and ow auditor's report thefeon. Our opini¢)n on the fmancial statem¢nt$ does not cover the other infornlation aTKI, except to the extent otherwise explscitly stated in our r¢por( we do not expTess any foTm of assurance conclusion thereon. In COTJn¢ction with our4udit of the financial ststements, oUrSponsIbl]Ity is to r¢ad the oth¢r inforn)ation aniL in doing so, consider whether the other infornvdtion is materially inconsistent with the financial statem¢nts or our knowledg¢ obtained in the auditorothtn¥is¢ appears to be materially tnIs$tst If we identify such material iti¢onsistencies orappar¢nt material misstaternents, we ayer¢quiredto deterniine whetherthere is amatCTial mi5Staternent inthe fiuancial 8tat¢ments oramateriai misstatement of the other inf0MtIOn. If, bascd ott the work we IVe perfOLed, we conclude that there 18 a material misstatement of this oth¢r infonndtion. we are required to report that fart We have nothing tt) report in thts Tegard Oplnlon on othermatterprescrlbedby the CompanIArt2006 In our opinion, b&sed on the work undertaken in the course of the alldit: the infom]ation Vert in the ttwtecs, an]mal repor¢ includittg the directors, r¢port and Strdtegic rqx>rL prry)ared forthe poSe of cumpany law, for thc financial year foT which the final)Li statements are prepared is wnsistettt with the financial statements. and the strategic rcport and directOTS' report included within the (rnstees, report h¢¢n prepared in accordance with applicable legal requirements. BAPS ADnualRopori knounts 2024 12
M(ztters on which we are requlredto reportbyexcepdon Itt the light of the knowI1ge and understandit]g of the company and its ettvironment obtained in the ¢oursc of the audit, we Ikave not identified llJat¢rial misstaiemenL8 in the strategic rcportorthe directors. reixjn includedwithin the trnstees. report. We hai¢ nothing to Teport in respe¢t of thc following matters wh¢re the Companies Act 2006 wuires us to report to you i( in our opiniotL'. adequate and proper accounting records have not been kepL or re¢ums adequate for our audit have not been ieceiv from brniches not visited by us. or the fancial statcrnents are not in agreement with the accounting records and rettllTh$" or certaiu dis¢loisures of ttust¢es' remuneration Specified by law are not made,. or we have not rec¢iYed all the infomtIOn and explanations we requir¢ for our audit. Responsibilitles of directorsltrustees A5 explained more fully in the trustees, resEM)nsibilities staternt set out on page I l. thefNstees {who ate also the direct of the charitsble company for the pUOse of company lawl are r¢sJKtrnsilJl¢ for the preparation of the financial ststements and for being satisfied that they give a tNe and fairview., and for such internal control as the truste&s detemjine is necessary ¢0 enable the preporntioTh of finan¢ial statements that are frtt from material mis8tatemenL whether due kn fraud or error. tn prepariiw the fllwicial $tatements. th¢ trustees are Testx)nsible for Assessing the company'8 ability to ¢ontillue &% a going concem, disclosing. as applicable, mattcr5 related to going contvn and using the going conc¢m basis of accounting unless the tsus*¢s either intend to liquidate the company or to cease op¢rdti()lls. or have no ie4Llisti¢ altematile but to do so. Audltor's responsfibilltles for the Audit of the financlgl statrments Our objectives are to obtain reasonable assurance abour whether the finan¢ial statements as a whol¢ are free from material misstatement. M,hether due to fraud or¢Tror, and to issue an auditor's Tetx)rt thai includes ouropinion. Reasonable &$surat¢ is a knigh level of &ssurance but is not a guardntee that an audit conducted in accordance with ISAS (UK) will always det¢ct * [natla1 lsstateMent when it exists. MisstAtcments ¢an arise Irortl fraud or ¢rror and ar¢ considered material if. I]IvidUallY or in the agrga[c, they could reasonably expect&1 w iDlluen¢¢ th¢ economic decisioA]s of usus takcn on the basis of these financial statements. The extent to which ourprocedures are capable of d¢tlittg irregu]arities, including fraud is detailed belo,. we reviewed the financial ststements disclosures and testing io supportinL documentations to assess compliance with provtsions of releTrant laws and regulations that have a direct efft on the firLClaI statements. we enquired with the nnagement team concerning acwal and potential liti¥ation and claims- we perfornied analytical procedures to idcntify ally unusual or unexpeeied relatioJ]sh1p. that may indicate risks of Inaterial misstatement due to fraud. we read minutes of meeting8 of thos¢ ¢hargcd with govemance. w¢ obtsined an lldnding of any provisions and held discussions with nJana8LYnent to ulldcrstand the basis of rel0]lLOn or non-regnItiOn of tsx provisiona$sell and we addte&sed the risk of fraud through maMage]iient override of contrtsIs by testing the appropriat¢ne.8s ofjoumal entries and other adjustments., assessing whcther the judgements made itt making accounting estimates are indicative of a potential bias,. and ¢valuating the bsInesS rdtiotiale ofany significant Irdn5actions thal are unusual oroutside the norttwl ¢OUTse of the bineS Our audit proc¢dur¢5 were designed to TCSEX)Ad to risks of Material misstat¢ment in the financial Statementg, reco8nising that the risk of not d¢(ecting a material inisstsiem¢nt due to fraud is higher than the risk of not det#ting one resulting from ¢rror, as fr&UdllY in01ve deliberatc concealment by, for ¢xample, forgery, misrepresentations or througb collusion. There are inhet¢nt liinitations in the audit proc¢dures pcrfonned and th¢ further removed non-complianee with laws and regulat[ is from the events and transaciions refittted in the financial 5tstemellts, the less ljkely we are to become aware of it. A further description of our re6ponsibilitics for the audit of th¢ ffftnancial ststements is located on the Financial Reporting Couuril'5 website atwww.frc.org.uklauditorsrcsponsibilities. Thisdescription fornis partof ourReport of the Auditors. BAPS Artthtsal Report Artd A¢VE1t8 1024
Vse of report This report is made solely lo the charit8bl¢ company's m¢T[e[S, as a body. in accordance with Chapter 3 of Part 16 uf the Coinpanies Act 2006. Our audit work has been undertaken so that we might stste lo the charitable cotnpany's Mernbe those matters we are required to stale to thern in an auditors. report and for no other purptsse. To the (ulle5t extent pern)itted by law. we do not cePt or assume responsibility to anyone other than the chariiable company's mcmbers a$ a body, for our audit work, for this report. or for the opiuions we have forn¢iL Manesh Shah Senior Si#tuiory Auditor For and on behalf of PSJ Alexander & Co Chartued Accountants and Statutory Auditors l Doughty Sueet London WCIN 2PH 22 September 2025 BAPS Report and A¢¢ouuts 2024 14
BochasAnwasi Shri Akshar Purushottam SThamlnaray44 S4DStha Statement of FinanclAI AedtieS {Iniorpor*ting an kn£ome Attd ¢4nlIre account) For the year ellded 31 December 2024 ote$ LTnrestrirted Funds Restricted Endoivment 2024 Tolal Funds Funds 2023 Total Income from: Donations and legacies Other trading activities Governrnent Granis Investment income 15,321,358 E08,235 1.150 64.987 15.387.495 20,286,465 108235 84,504 4b 725.392 725,392 298,539 Totsl Income 16.154,985 1.150 64.987 16,221,122 211,669,51)8 EipeDditure ort: ChaTitabl¢ activities.. Congregational aCti7tieS 13,069,574 1,572,346 14,641,920 23,748,70.1 Raising fiLnds- Cost of salcs of 74,099 74,099 59.006 Food for deities, volunteers nd d"ote¢S ,114,580 1,114,580 1.154,821 Total expendlthre 14258253 1.572.346 15,830.599 24,96230 Net movemellt Ill funds before transfe 1,896,732 {1.571,196) 64,987 390,523 (4,293,022) Gro transfers between funds Net movement in funds 16 1896,732 (1,571,196) 64,987 390,523 (4293,022) R¢concKliation of fund$'. Totat fijnds brnught fortvard 23.912,739 1.835.429 1,166,852 26.915.020 31208,042 Total funds at the end Df the year 25.809A71 264233 I,23139 27.305,543 26915,020 All of the above r¢sults are derived from continuitig activities. Thelt were no other recognised gain5 or10&8es other tlwi those stated above. Movements in funds are disclosed in Nok 16 to the financial ststements. IPS Anttual Reporf ¥ndAe¢ouuts2024 15
Bochasanwasi Shrl Aksh4r Purushottm Swaminarayan Sanstha Balance Sheel at 31 December 2024 CoMpaY number 07313272 'otes Unrutricted Re$tri¢ted Endowment 2024 Tots] Fvnds Funds Funds 2023 Tolxi Fixed Tangible &qseis Investments 22,387,837 1218,710 22,387,837 22,227,326 1,218,710 1,065,827 12 23,606,547 23,606,547 23,293,153 Cvmnt Assets Stocks Dcbtors Cash at bank and in hand 13 14 20,366 586,853 2,672,877 20.366 631,853 4.123,949 22.893 650,829 3.531,655 45,000 1,186.839 264233 3.280,096 264,233 1,231,839 4,776,168 4,21J5J77 Liabllltles Creditors.. Amounts falling due wAthin one year 15 {1.077.172) {1.077,172) (583.510) Tr4et current 95s¢ts 2202,924 264,233 1231,839 3,698,996 3,621,867 Total net XS5e15 25,809,471 264333 1,231,839 27J0554J 26915.020 REPRESELYTED BY: Unrestricted Restricted Endowment 16 16 16 25.809.471 25.809,471 264,233 1.231,839 23.912.739 1,835,429 1,166,852 264,233 1.231,839 25.809,471 264233 1231,839 27aOS,543 26911020 The statOry acwunts of the cbaritable company wetf 4)pr signed on its bcbalf by.. by the Board of Tnjstees on'21 September 2025 Ddr4kumar Patel- TRL.STEE Directorrrrn$tre umar Patel- TRUSTEE Dlre¢torrrruste BAPS ADllul R<portd A¢couthts 2024 16
Bo¢hgsanwasi Shri Ak5har PUnkott8 SwaminaTayan Sansth* Ststement of 5h flows For the year ejkded 31 December 2024 2024 2023 ,S'otes Cash (lows from operating 4ctlvitles et ¢h provided by operating activlties 17 1.604.645 (3,900,116) Cash nows frnm investing aetlvItle8 Intewt Purchase of f¢d &s¥ets Increase in fixed dqsits Proceeds from dispusal of fixed ass¢ts 58,666 (94R.720) (121644) 347 46,467 (471,810 (109,796) l%et cash used kn invesdng acthrldes {1.012,351} {535,145) Chauges in eAsh and ¢ash wulv4lents In the yettr 592294 (4.435261) C¥Jsh and ¢qulY4lents at begthnlllg of the year 3,531,655 7,966,915 Cash aDd ¢ash equfv#lettts at end ofthe year 18 £4,123,949 £ 3,531,655 BAP5 Annuil Report and Attounts 2024 17
BoehAsattM'z8i Shri Akshr Purnshottam Sw4minarAy4n Sanstha ot¢s to the fliianeial statements For the year ended 31 December 2024 Accounting policles Ba$is of prep4ratlon The flluncial stat¢ments have been prepared in a¢ThIance with Accounting and Reporting by Charities.. Statement of Recornlnended Practice applicable to charities preparing their accounts in accordat]ce the Financial Reporting Standard 8pplicable in the UK and Republi¢ of treland (FRS 102) (Chwities SORTr FRS 102), the Financial Rcporting Standard applicable in the U'K al Republic of IT¢land IFRS 102), the Companies Act 2006 attd th¢ Ctwities Act 2011. A&8ets and liabilities initially recogtiised at historical st or ttansa¢tion value unl¢&s othenvise stated in th¢ relevaut CoLting poli¢y OT note. b) Publle benefit entlty The chwitable company mects the def]nition of a public benefit eniitywjdcr FRS 102. Golng ¢ollcern The trustees consider that there are llo material un¢¢rtainties about the charitsble ¢ompany'5 ability to continue as a going concern. d) Income is reCognid when the Charity has entitl¢ment to the ffids, any perfurnwlce wnditions atta¢hedto the incom¢ base been m¢L it is probable that the incom¢ will be re1V1 alld that the anU1 Can be measured reiiabl). For legacies. entitlement is taken a5 the carlier of the date on which either.. the ¢harity is aware that probate has been wd, the esthte has been fitYdlis¢d and notification has becu made by the eA¢GUtorfs) to th¢ charity that a distribuiion will be tnade, or when a distribution is rec¢ived from the estate. R¢¢¢ipl of a legacy, in whol¢ or in paTL is only considered probabl¢ when thc amount cau be medsured reliably. and th¢ charity I b¢¢n notified of the executor's inrention to make a distnbution. IVheT¢ legacies have been notified to the charity, or the charity. is aware of the grartiirtg ofprobate, and the criteria tor income recolt10n have noi been met. then the legacy is a treated as a Contingent Asset and disclosed if material. Other trading activities includes income generated from the sale of audio, video and books. a8 well as nts1 income from venu¢ hire. Where tax h2s been dedu¢td a¢ souree, incoule is grossed up wbere a claim for the repayment hos been made. The tax recoverabl¢ is sbown as a debtor ac year end. Gift Aid paym¢nts by HMRC an treat¢d as unrestricted fvnds reg*dless olthe pwpose of the associated d¢)nation. tncotne received in advan¢e of the pmiision ofa sptxified seTYice is defcTr¢d until the crituia for iu¢ome reco&Jition are met. BAPS Annual Report A¢founts 2024
Bo¢h4sanwasi Shrf Akshar PUru$hott Swaminarfiya Sanstha Notes to the fan(la1 statements For the ended 31 Deumbcr 2024 Accountln% policles (conthiued) DonAtltsn$ of gifts, SErvi¢es 4nd faefiIlti¢s Dollat professio[[ services and dvnared facilities are recognised as tncome when the chaTity has control oi'er th¢ item or T¢V1 the servic¢, any conditi0Th8 &wcia¢ed with the donation have beell rnet, the re¢¢ipt of ecollomie benefit from the us¢ by rhe charity of the item is Probable al thal economic benefit Can be measured reliably. In accordan¥¢ with the Charities SORP (FRS 102), volunteertime is llot[o8ll]S¢d so refer to thE trte¢s, annual teport for rn0 infomiation abow their contribution. On Ceipt, donated 8ifis, professional Services 8lld donated faciliti&s are recolIsed on the b¥is of the val of the gifl to the charity which is the atllount the charity would have been willing to pay to obtsin services or facilities of equivalent ¢¢unomic benefit on the ON MCl a Corresponding amount is then r¢cognised in exp¢nditure in the ri()d of Tec¢ipL IDter¢$t re¢¢ivable Inter¢st on funds. held on d¢posir is in¢lllded when rccci&4ble and the arnounc w be measured reliabl> by the ¢]lty.. this is nornially up)n notification of the intcre5t paid orpayable by th¢ bpnk. Fund Aceountlng RestrictL'd fi]nds are to be used for specific pwposes as laid down by the donor. ExpenditUTC which meets these ¢riteria is chargcd to the fid. Unrestricted th18 are donations and oth¢r incoming resources rw¢ived or generated for th¢ clwitable purposes. These fiLT2ds ar¢ aFailable for use towards meeting the obj¢ctives of th¢ ¢harity. EttdouTrent filluts are donations that have been given to the chartty to be hold as capital. The charity is pemjitted to use the interest genernied by the nd to meet various expenses ot.the deities in the temples e.g. prirsts etc. h) ExpeDdlture And Irrecoverable VAT Expenditure is rQgnised ouc¢ thcrc is a legal or constructiv¢ obligation to make apaymcnt to a third pary. it is probable that settlement will be required, and the amount of the vbli&iation can b¢ measured reliably. Expelldilu is classified under the followin8 ectivity headings.. I Costs of raising fimds relatc to the costs of sales of audio, vid> and book8. Expenditure on charitable a¢iivities includes the ciists of direct clwitable tIVItieS UTMkTtaken to fithher the purp05¢5 of the charity and their assrtiated sllpport Costs and allocated governance ¢0sts. Ir0Ve1¥b1¢ VAT is ¢barged as a cost agaiDSt the activity forwhich th¢ ¢xpendityr¢ w&5 incurr¢d. Grants p4yable fjrants payable are tnade to thwd parties in furtherance of the charitys objects. Grants are accounted forwhen either th¢ recipient h&5 a r¢&son&ble expectation that they will receive a grant aDd th¢ ISte¢S have agreed io pay th¢ grant without condition, or the recipient has a re&8onable expectation that tkny will e1v¢ a grdm( and that any condition atta¢hing to the grant is Oltside of thc control of the charity. BAPS Annull Re)rt A¢tuutLts 2024 19
BochayaDw4si Shri Aklhar PuTushottam Sw4minaravan San$th Notes to the f4¢51 stat¢mellts For the year ended 31 December 2024 Accounting polA¢ies (ntInued) k) Al]o¢ation of support Costs Resources expended are allocated to th¢ particular activity where the cost relates dire¢tly to that tiVIty. Support amd governance costs. ar¢ entirely allocat to congregational acttvities. This is becaus¢ this is the core activaty of the charity. and other charitxblc activities and the costs of gen¢r4ting funds do not absorb significant overhead costs. Goi¢mance costs are the ¢osrs associated with the governance arranganents of the chty. Th¢se costs ar¢ asslted with constitutiona] and Stal0ry requirements and include any costs associaied with the strategi¥ ngernent of th¢ Charity's activitie5. l) Tanglble tlxed assets Itcms of equipment capitalised where th¢ purchase price cx¢eeds £1,000. DepTcciation costs aye allocat¢d to activities on the basis of the use of the related assets in those activiti¢s. Assets are review¢d for itnpatrnent if ¢ircutnstances mdicat¢ their carryillg Nalue may exceed their net reajisable valuc and valu¢ in use. Deptrciation is provided at rales Cal]ated to wrik th)wn the cost Of each asset io its esiimated residual value OVLY its expected useful life. Th¢ depreckation rates in use ore as follows.. Buildtn8S Fumittwe, fixtur and ¢quiptnent Motor Vehi¢le5 SO years 5 years Fieehold ]and is not depreciated. Assets under coJLstruction arc accounted for at cost. When the constNction is completed, th¢ assets are re¢lassified as land and building or propcty improTremenis and thcy are deprKiated as from th¢ date th¢y are brollght into use. m) Investments Cash held ill f]xed terni deposAt 8¢¢ounts exceediDg vne year are ela88ified as fixed &ss¢t investmenis as they are generallyh¢ld with the overa]l in*ntion of retaining long4erm continuingbenefit tt> the charity in the fom] of income and capital appreciation. Other fixed &%set invesrments are rnWUTed at fair valu¢. ll) Stock8 St(Kks WE Stated at the lower of cost and net realisable value. In general. cost is deterned on A first itt first out basis and includes transport and handling ¢osis. Net realisable value is th¢ price which stocks can be sold in the nornMI eourse of business after allowing (or the costs of realisation. Proi'islon is made where ncccssary for obsolete, slow moving and d¢fectiYe stocks. o) Cash At bank and in hand Cash at bank and cash in hand in¢ludes immediate access and ovemighi bank deposits. All other deposits are included as temi deposits. p) Creditors and provlgio Creditor5 and Provisions 8Tr renISed where the charity has a prwnt obligation resulting from 4 P&St event that will probablv result in the transfer of fid$ to a third paty and the amount due to settle the obligation can be measured or ¢stitnated reliably. Creditors provisions arc Te¢ognised at theit settlement atnounl. FAnancial Instruments The charity has basic fInanrial instnjmenis only. Basic financial instsiunents aTe initially recOlSed at trasaCtIon i'alue and subsequently measured at th¢ir settlemcnt vaiuc. BAPS Annual Rtport Accounts 2024 20
BochAsanliasi Shri Akshar Purn$hottam Swsminlrayan S#Dstha ote5 to the fthancl41 statcments For the year ended 31 December 2024 Ac¢ountiDg polleles (continued) r) Pensions The ciwity operates a defined ¢ontribution scheme for elib4bl¢ en]ploy¢es and the stat¢llnt of Financtal Activities is cbarged with the contribution payabl¢. s} Foreign currenel Assets and liabiliti¢5 in foreign curr¢ncies are translated into sterling at the rafr of exch8¢ Nling at the balance sh¢et date. Transaction5 in foreign cencieS are trdnslated into sterling at the rdte ofexchange ruling at th¢ date of tsznsaction. Exchange dItT¢nCeS are tak¢n into account in arriving at the Det movern¢nt in fjjnds. t) Government Krants Governmen( grants are recognised when it is relsonable to eXpt that the grants will be reLeived Ènd that all related conditions will be mel usually on submission of a valid clairn for paymenL Government grants in resptLt of capitsl expenditur¢ are creditd io a deferred income account and are released to profit over the eXpted useful lives ofthe relevaut a55ets by equal annual Insta]nLts. Grants of a revenue nature alr credited to ineome so to match them with the expendiWr¢ to which they r¢late. ll) A¢¢ounting estlmate$ and Judgements In the application of the Charity's accounting polieies, Trn5tees a required to mak¢ judgen)¢nts, estimates and assumptions about the Calg value of 258¢ts and liabilities that are not apparent from other sources. Th¢ estimaie6 and und¢rlying assutnpti¢)ns are based on hi8torical ¢xperience and other factors that are considered releTrTnt. Actual results inay differfrom these estinydtes. The estxmates and underlying &ssumptiolls arereview'¢d on an ongoing basis. Revisions to accounting estimates ar¢ OgniSed ill th¢ period kn which they relat. Stgmficant estimates made in the course of preparing the fllM)cial ststement illcludc Depreciation and valuation of Gifts in Kind in¢luding use of fa¢iliti¢s for wkn"Lh the accouttting policies have be¢n explalned atrKJVe. BAPS All1 Report AccouDt$ 2024 21
BochasanTrTr85i Shrl Akghar Purushottam SwamlnArs}'an S&nstha Note8 to the tlnancl81 stMtemeDts For the ye4r ended 31 December 2024 Detslled COmPaTatiYes for the statement of finanelal a¢tfTrqlles and the bAlanee sheet Unrestrlc¢ed Restricted Endowment Fun Funds 2023 Income from". Donations and legacies Trading income Government Gralltg Inveskn¢nt incollLe 18,687,879 84,504 1.571,748 26.838 20,286,465 84,504 298,539 298,539 Totsl income 19,070,922 1,571,748 2W8 20,669,508 Expenditure on: cnb]e activities.. Congregational activities Raising rtd$- Cost of salcs of goods Food for d¢ities, Troluntecrs and dei'otee5 21,948,672 59,006 1,154,821 1.8(M),031 23,748.703 59,006 ,154,821 Totsj expcndlture 23,162.499 1,800,1131 24,962,530 Net movetnellt in fuDds befor¢ tr4n5fer8 (4,091,577) (228283) 26,838 {4J93022) Gross transfers between fvnd$ 3,750246 (3,750246) Net movement in funds (341,331) (3,978,529) 26038 (4293.022) Totsl fidS brought forward 24.254.070 5,813.958 1,140,014 31208,042 Totsl funds earrled forward 23912.739 1,835,429 1,161852 2Q915,020 BhFS Rtport and ActouTht4 1024
Bothasanwasl Shri Akshar Purushottsm smInraYan SgMtha Notes to the tlllan¢ul slAtemcnts For the year ended 31 December 2024 Detailed eomparadves f&r th¢ slatement of fln4ntial aetlvltle$ and the balance sheet (eontlnued) Ullre$trieted Restricted Endowmcllt Funds Fund$ unds 2023 Flxed assets Tangible ass¢t$ InVtments 22227J26 1,065,827 22227,326 1.065,827 23,293,153 23293,153 Curren¢ assets Stocks DebtOZ5 Cash at bank and in hand 22.893 650,829 529,371 22,893 650,829 .835,432 1,166,852 3,531.655 1.203,093 1I35,4.12 1,16fj852 4,205J77 Liablllti¢s Cr¢ditors: Amounts falling duc within one year (583,507) (3) (583,510) iN'£l current assets 619W6 103S429 1.166,852 3ffi21I67 Tot21 net Assets 23,912,739 1,&35,429 1,166.852 2A915,020 REPRESENTED BY: Funds: Unrestricted R4stricted Endovm]ent 23.912,739 23.912,739 1,835,429 1.166,852 1,166,852 1,835,429 23912,739 1,835,429 1,166,852 26,91S02 BAsAt4] Report*lld Acrovnts 2024
Bochsanwasl Shrl Aksbar Purushottm Sw4miDarayAn Sxnstha Note$ to tILe financial stAtemenl$ For the year ended 31 December 2024 Income from donations and kgacies Unr¢5tricted Restrlcted Endoivment Funds Funds Funds 2024 2023 General donatiotL8 and congregational activities 13.349.915 save-yOU spend donations 97.675 Deiti&s' Clothing 72.698 Children and youth activities 125,160 Area congregations 714,581 Food fordeitie4 volw)teers and devote¢s 930,609 Sponsored cvcnts Donat¢d savices Donations for Lisbon asso¢iated centre Donations for USA asslated centre5 Donation$ for PaTiS associated centres TSS Dep051t ineome 64,987 13,414,902 17.026,776 97,675 110.945 72,698 89.718 125,160 84.034 714,581 416,651 930.609 955,967 2,626 28,(M)O 1,500 241,359 1222,364 106,525 30,720 30,720 1.150 1,150 ISa21J58 1,150 64,987 15J87,495 20,286,465 Donatcd services refl¢¢t th¢ value of donated audit s¢1¢eS. (a) lrtcome from other tradlng #¢tivitle8 2024 Total 2023 Total Unr¢stricted Rcstricted Tumovu- 5a]es of audio. vid¢0 and book8 108.235 108,235 84,504 (b) Investment Income Rental income Intercst income Gain on revaluatlon 636,486 58,666 30,240 725J92 636,486 58,666 30,240 72S,392 252,072 46,467 298,539 Expendltur¢ on ¢Ongregation a¢dvldes 2024 Totsl 2023 Total Unrestricted Restricted Stsff tosts Semion and Other Donations Religious Promotions Advettisillg and Promotion Premtses sts Depreeiation Governance costs Offie¢ expenses Hiring equipment Bal Charges Exchange {gain5) 1,231,548 7.012,712 588,379 207,141 2,066,949 788,207 367,999 435,851 328,263 51,291 {8,766) 1,231,548 1,004,293 .572.340 8J¥5,058 17,217.523 588,379 1,137,501 207,141 243.562 2,066,949 1.965.628 788.207 709.377 367,999 233.452 435,851 584,532 328,263 556,095 51,291 96,813 (8,760 (73) I3,06974 1,572,346 14,641,920 23,748,703 BAPS Annual REPOrt and A¢counts 2024 24
BochasanThasi Shri Akshar PuTushottam Sw4mlnarA>4n S4nstha Note5 to the finaThcl&l statsments For the vvAr ended 31 December 2024 Support eosts The costs above include all of the support wsts of the cljarity. Support Costs comprise th¢ following.. 2024 Tolal 2023 Totsl UJhr¢strict¢d Restricted St&ff costs Premises c05ts IpCiatIon Governauce costs Offic¢ ¢xpenses Hiring ¢quipinent BaTLk charges Exchang¢ (In5) 1.231,548 310,042 118,231 367,999 65,377 49,240 7,694 (1,315) 1.231,548 1.tNN,293 310.042 298,844 118,231 106,407 367,999 233,453 65.377 87,680 49240 83,414 7.694 14,522 {1,315) 2,148,816 2,148,810 1,824,601 Atnong others, Sernjon and Other donatrvns of £8,585,058 {2023: £17,217,023) were made for followillg puryvses during the year. . Donated to kndian arni of tbe Charity_ £1,709.584 {2023.. £3,172,978) . Donatrd to BAPS Abu Dhabi- £5(M),000 {2023.. £635,030) . Lisbon mandir seva fiJnd- £1,604 (2023.. £4331 . USAICanada mandir fimd- £16,628 (2023.. £316,098) Pari5 malld fid- £1,554,115 (2023.. £1,355,376) . Donatcd to Sariudas FoulldaLion- £4.8m (2023: £11.7m) Net iDeomeJ{expenditure) for the year This is 8tated after chargingl (crediting): 2024 Totsl 2023 Total Depreciation Auditors, muneratIOn.. Audit (donated serYi¢e in kind) Foreign exchange (gains) 788,207 709,377 28,0(X) (8.766) 28.0 (73) BAPS R¢port Ind Accounts 2024 25
Bochasanw4sI Shrl Aksh4r Purushottam SWll1TayAn S¥4n$tha Notes to the fan¢Sl statements For the )'ear ended 31 Dember 2024 ADalysis of staff c¢ists, tru$t¢e remuneration 4nd eXpeSe5, And the cost of key management personnel Staff costs were as follows: 2024 Tfjtal 2023 Total Salaries and wages SoLial s¢curity costs Employer's contril)ution to defined contribution pension schetne 1,106,715 101,127 23,706 902,778 81,0(k6 20.509 1,231,548 I,IX)4293 One employee earned llre than £60,000 durin¥ the yeaT {2023: Nil). The total employeebEnefits in¢ludingpensioncontributions ofthekeym&nagementpenonn¢l were¥il (2023.. £Nil}. Durin8 the year, redulldan¢y payments amounted lo £Nil {2023.' £Nil). The chariry trustees werenotpaid andreceivedno otherbenefits fromcmploymentwith thechariry inthe year{2023.. £Nil). No charity tru5te¢ Teceived paymellt for professional or oihcr services supplied io the charity (2023.. £N'il). No expeLses were incurred by or on behalf of trusE¢es in the >'ear (2023.. £Nil). Staff numberg 2024 2023 o. Charitable activities and support 39 35 39 35 Rel¥ted party trallsactioll& BAPS, Sarjudas Foundaiion ('Sariudas) and Nilkanth Estates {'Nilkanth') are CharItie¢]1tab1e cornpanie5 with similar charittble ain)s aDd objwtives and benefi¢iari¢s. These entities A]so have tne(s) ID common. Th¢ following transactio took place between BAPS and these ttvo entities OI their group companies dwing the ar.. 2024 2023 Purchases made by BAPS from C'ulturnl Festival of India Ltd {Sariudas' group) Balance due to Cu]hl Festival of India Ltd at balance sheet dat¢ Pur¢hose5 made by BAPS from Saya Enterprises Ltd (Sariudas. group) Balance due to Saya Enterptyses Ltd at balance sheet dat¢ Donations e1Ved by BAPS from BaDJc House Lockers Limited (Sariud&s' yn)up) Donations made by BAPS tr> S&iud85 Balan¢¢ due to Brandon House 60.322 50,399 920 501 253,339 301,544 41,492 11.725 551,522 500.0(10 4,800,000 11.700,(J(10 4,956 BAPS occupie5 properties owned by Nilkanth on a rent-free basis. BAPS also received rental income of £636.486 (2023.. £252,072) from apropery which has been rented at peppercorn rent from Niikanth. BAPS Awiual Rtport 4nd Attounts 21124 26
Bo¢hasnwasi Shri Ak3har Purnshottajn STrTraminaryan San$tha tes to the Ilnanclal statements For the year ended 31 December 2024 Relat party trsa¢Lln5 (CoDt'd) The clwity made iti5urnnce cover payments on bebalf of other rela¢ed entitie4 such as Nilkanth, BAPS Charities and others. Insurance cover paymenls are made due to cconomic reasons and these expense5 are subsequently reimbursed by th¢ related entiiies to th¢ Charity. The value of such transactioths for thc year amounted to £120,863 (2023.. £131,091). Taxation Th¢ Charity is exempt from coryx)ration tsx as all its inwme is charitable and is applicd for ¢haritsble Pu0$. 11. Tangible red assets Freehold Land & Buudln Assets Lnder CTrnstrucdo Furnlture Flxtures & Motor Vehides Total Cost or valuatio At the staTt of the year Additions in year Disposals Reclassification 22,132,212 496,912 4,450.233 377,808 (208.600 48,480 26,630,925 948,720 (209,806) 74.1X)O (1,200) A( the end of the y¢ar 22.629,124 74,0(X) 4.619,435 47,280 27,369,839 De eciation At the start of the year Charge for the year Disposals 757,262 418,543 3,613,255 364,387 (208,606) 33,084 4.403,601 5.277 788.207 {1200} {209.806) At the end of the year 1,175,805 3.769,036 37,161 4.982.002 VetBook Values At the end of the yeAr £ 21,453J19 £74,IIOD £850J99 £10,119 £22J87,837 Ar the start of th¢ y £ 21,374.951 £836,979 £15,396 £22,227,326 All of the al)ove &ts are used for charitable purposes. BAPS AnnuAI Report*nd Attounts 2024 27
Bochasanw*si Shri Akthar Purusbottam Swamlnara>'an SAnsth4 'ote5 to the finamclal statements For the y¢8r ended 31 December 2024 12. Flxed gmet investments Other Fixed de oslts Investments Other Fixed de osits Investments Total Total 2024 2023 C4)st or valuation At the start of the year Additions in year Revaluation 961,227 122,644 104.600 1,065,827 122,644 30.240 956,030 5.197 956,030 109.797 104,600 30,240 At the end of tbe year 1,1)83,871 134,840 121&711 961227 104,61h) 1,065,827 For other investments, fair Yalue ai 3141 De¢¢mber 2024 is represent¢d by.. Valuation in 2024 Cost 30,240 134 13. Stock 2024 21123 Goods for resale £2OJ66 £22.893 14. Debtors 2024 2023 Other debtors Prepayment5 & cJed income 480,482 151J70 589,357 61.472 £631,853 £650,829 15. Credltors: AmouDts falling due Trvithin one year 2024 2023 Trade creditors Other creditors A¢¢nlS and dcfcrred income 564,814 13,835 498,523 559,267 13,697 10,546 £1,077,172 £583,510 BAPSAtXI Rtport 4nd AeeouDts 2024 28
BoebasanThasi Shri Akshar Purnshottam STYamlDarAyan S•nsth otes to the financial 5t4tements For the vear eDded 31 December 2024 16. hIovemeDt In fyDds At slart of the year Incoming Outgolllg Transfers resourees regources & galns & losses At end of the )ear (l) Paris Mandal Fw]d (11) Lisbon Mandir Seva Fund 011) loronto/U'SA Mandir Fund (IV) TSS Deposils fjjnd 1,711,709 1.067 16,628 106.025 (1,554,114) (1,604) (16,628) 157,595 613 1,150 106,025 Total restriettd fun 1035,429 1,150 (1,572J46) 264,233 EDdDwmeDt funds 1,166052 64,987 1,131039 Unr¢strl¢ted funds 23,912,739 16,154,985 (14258,253) 2S809,471 Total Funds 26,915,020 16221,122 {15WQJY9) 27,305,543 Purpose of restrlcted funds: The above funds were s¢t up and are to be utilis¢d for the following puTr05es'. Paris Mandal Fund Set up to Ptomott th¢ Charity's obje¢tiiES in Frane¢. (i)) Lisbon.Mandir Seva Fund {iii} forontolUSA MandiT Fund set up to piomote the Charlty's obj¢dives in Portugal. set up to support a new. temple prOjt in USA (iv) TSS Deposit fiujd set up for the funds held deposil in The Swaminarayan Sthool. Purpose of Endowment fund: This fund comprises of donations of £l.Crf)I per individuat. Thc fimds are awumulthe<L and the interest edrnd on the funds deposited are used to provide food for deiti&g on an anniversary deterniined by tIL¢ douor. BAPS Ahnual Report Iud Arts 2024 29
Bocb454nThasl Shrl Akshar Puru$hott#m Swminar4yAn SaDstha otes to the fiDan£lal Stateents For the jear ended 31 December 2024 17. Reconelilation of net Income/ {expendlture) to Det cash floTV from oper¥ting activities to llet cash (low from operaling aetivldes 2024 2023 Net incomej (eXpend1tte} for the reporting F¢riod (as per the Statement of Financial ActiViti¢s) Depreciation charges Jnterest income (Incre)Idecr¢a5c in SttKks Decr/ (increase) in debt(brs (Decrease}lincre&se in Credito (Profitllnss on disposal of asseis (Gain)lLo on rcvaluatioll of investfflents 390,523 (4,293,022) 788,207 (58,666) 2.527 18.979 493,662 (347) 709,377 (46,467) 18,822) (233,176) (28,006) Net Cg8h provide41 by operating aetivities 1,604,645 (3900,116) 18. Anlysis of cash #lld $h equlvalents Atl January 2024 At31 De£omber 2024 flows Cash at baDkand in hand Tenn deposits- curr¢nl assets Bank overdtaft 323,067 3208.588 (30J57) 622.851 292.510 3,831.439 Total cash and cash equlvalents 1531,655 592294 4,123,949 19. Post Balance Sheet Events and C&pitsl Commitments Th¢ Charity made tb¢ followin¥ donation5 after the y¢ar-end: a. Sajiudas Foundation- £9.2rn b. BAPS India- £181,414 The Charity had entered inio a eontrdctual conimiiTnent amouttting to £150,(K)O after the yeaT<nd itl respect of adth'tional remedia] works to bc undertaken at Birrningham at)d Manchester mandiTh by V&seroft. Thtt%e WOTks are schedulcd tr) b¢ carried out aftcr th¢ year-en 20. Legal statss of the charlty The ch2rity is incortxiratcd in England as a private cOPanY jimited by guarantee and has no share capitaL The liability of ea¢h member in Ihc event of wrnding up is limifrd to £1. The]ryist¢red offiLe athjress is Pramukh Swami Road. London NWIO 8HW. BAPS Ajwual Report llnd A¢eouDi% 2024 30