Company number: 07313272 Charity number: IA43083 BOCHASANWASJSHRIAKSHAR PURUSHOTTAM SWAMINAIUYAI"SANSTHA KNOIYIYAS "BAPSSIYA.VI.Th"AIUYANSANSTIL4"AND "BAPS" Report andfIntTnci￿$i￿e￿eftts 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 fu￿￿etaI 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 menK*randum and articles of a550ciation aTMJ the Ststement of ReCon￿ellded Practice - Accounting and Reporting by Charities.. SORP applicable to charities preparing their accounts in accordanee with FRS 102. Our vlslon The ￿o￿t￿ of a transpaTht and efficiently managed organisation to foster a spirityal. moral, tol¢ran¢ and religious S￿iety 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 re￿g10Th 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 Tn￿teeS 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 $pecial r&8olution at Cornpanies Howe on 20 July 2011. BAPS owates MandiTS (places ofworship) and associatcd actiyities to promot¢ the H}￿lU faith, with its headqiiar London and.Mandits alld Centres throughout the Unitcd KingdonL Th¢ Uandir5 and ¢¢ntres are in th¢ following towryls and cities: Mandi 'orth London East Lonth)n South Lon(knn Birniin8ha Coventy Hdvant Leeds Leices Loughborough Luton Manchester Preston Suuth¢nd4)n.Sea Wellingborough Cemlr Barnet Belfast Cardiff Chilt¢m Colch¢st¢r Crawley Edinburgh Glasgow Harrow Hincktey Milton Kcyn¢s Newcastle Norwich Nottingham Oxford Reading Sotsth East London Swindon Watford West London Bolton Brent Brightt)n Bristol Cambridge The Trustees meet regularly to man4r the affairs of th¢ charity. One of the trwtees, Mr A P Patel, is a ￿ll-time thinistrattsr for th¢ day404ay nmning of the charity and is in regulaTcontact with the othu lrnstees. Fach TnJste¢ has assumed rsponsibility for monttoI?ng activities in specifi¢ OPCTatiotYdl a￿S and chairing group$ 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: congre￿tiOnal activities Children and youth activitie5 Food for deities. volunteers and devotees Congreg#dO￿l 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 follo￿1￿1. PRAYERS & FESTIVALS Shri Swomihdruyan J4y4nli & Shri Celebrdllons The auspiciou5 Hindu festivaIs of Shri Swaminarayan Jayanii and Shri Ra￿a 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 s￿aMinaTayan 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 devotio￿1 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 pU￿oSe 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 inal￿1r$ 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) parts￿red 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. Th0￿sandS 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¢ Spiri￿al $ignifi¢ance of the Akshar Deri styine. calling it on par with The Akshor Deri in Gondal. India. He aIso ¢onveyed his personal pray¢rs for evcryon¢'5 well-bcing, and for peace and harniony to prel'ail in all communi(ies at a time when unrest and hwllanitariart ¢rises continue to unfold in various parts of the world. Néw Yeqr's Famtly Mahapuj4 Hundrds of families across the UK joined in 4 special rnahapuja oll.Monday l January to pray for world peace: fami.ly harn)ony, and o Safe and sllcc¢ssful Ye￿ ahead. Many fan)ilies gathered at London hlandir in two sessioT]s, in the mon)ing and in the afternoon. Many inore join¢d online liv¢ w¥bcdSt froin tlieir own homes. The sacred ceremony was conducted from London Mandir by the resident SW￿￿]8 yupport¢d by youths. As Swamis chant¢d powerful Vedic montras to invoke the divine presenc¢ of God and offer various fomis of reverence and adoTation, they a]80 slj2Trd explanations to allow participallts to understattd and enjoy the ceremony. The event provided an oppi)rtunity for families to hcrdld the new year with a collective spirit of faith and hope. Celebr&dngShri R4n¥ Janmabhumi Mandir Opening The opening of the new ￿8ndIr at the saered b￿bplace of Bhagwan Shri Ram¢baud￿j1 in Ayodhya, Endia, was a historic moment of celebration for over a billioll Hindus arouud the world. BAPS Shri Swaminardyan Mandirs in UK joined the ￿'or]dWide Hu)du communit5, as part of th¢ global celebration. The cclcbrations lncorp0rdt￿ a host BAPS Allrjual Report Account$ 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. coM￿nINITy 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. ￿e￿den 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 Lhilxy ofihe Iligh Sheriff0fBedfo￿kIre. 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. Nel￿deA TeFxpleP4rhcip&tes in O￿K 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 act￿5 to London's best buildings and inspire the public about the b¢n¢fits of great design. It is Orga￿lS¢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 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 In￿ree& 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, oUr￿SponsIbl]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$tst￿ If we identify such material iti¢onsistencies orappar¢nt material misstaternents, we ayer¢quiredto deterniine whetherthere is amatCTial mi5Staternent inthe fiuancial 8tat¢ments oramateriai misstatement of the other inf0M￿tIOn. If, bascd ott the work we I￿Ve perfO￿Led, we conclude that there 18 a material misstatement of this oth¢r infonndtion. we are required to report that fart We have nothing tt) report in thts Tegard Oplnlon on othermatterprescrlbedby the CompanI￿Art2006 In our opinion, b&sed on the work undertaken in the course of the alldit: the infom]ation ￿Vert in the ttwtecs, an]mal repor¢ includittg the directors, r¢port and Strdtegic rqx>rL prry)ared forthe p￿￿oSe of cumpany law, for thc financial year foT which the final)Li￿ statements are prepared is wnsistettt with the financial statements. and the strategic rcport and directOTS' report included within the (rnstees, report h¢¢n prepared in accordance with applicable legal requirements. BAPS ADnualRopori knounts 2024 12 M(ztters on which we are requlredto reportbyexcepdon Itt the light of the knowI￿1ge and understandit]g of the company and its ettvironment obtained in the ¢oursc of the audit, we Ikave not identified llJat¢rial misstaiemenL8 in the strategic rcportorthe directors. reixjn includedwithin the trnstees. report. We hai¢ nothing to Teport in respe¢t of thc following matters wh¢re the Companies Act 2006 wuires us to report to you i( in our opiniotL'. adequate and proper accounting records have not been kepL or re¢ums adequate for our audit have not been ieceiv from brniches not visited by us. or the f￿ancial statcrnents are not in agreement with the accounting records and rettllTh$" or certaiu dis¢loisures of ttust¢es' remuneration Specified by law are not made,. or we have not rec¢iYed all the infom￿tIOn and explanations we requir¢ for our audit. Responsibilitles of directorsltrustees A5 explained more fully in the trustees, resEM)nsibilities statern￿t set out on page I l. thefNstees {who ate also the direct of the charitsble company for the pU￿Ose 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 * [nat￿la1 ￿lsstateMent when it exists. MisstAtcments ¢an arise Irortl fraud or ¢rror and ar¢ considered material if. I￿]IvidUallY or in the ag￿rga[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¢t￿littg 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 eff￿t on the firL￿ClaI statements. we enquired with the n￿nagement 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 ll￿d￿nding of any provisions and held discussions with nJana8LYnent to ulldcrstand the basis of rel0￿]lLOn or non-re￿gnItiOn of tsx provision￿a$sell and we addte&sed the risk of fraud through maMage]iient override of contrtsIs by testing the appropriat¢ne.8s ofjoumal entries and other adjustments., assessing whcther the judgements made itt making accounting estimates are indicative of a potential bias,. and ¢valuating the b￿sInesS rdtiotiale ofany significant Irdn5actions thal are unusual oroutside the norttwl ¢OUTse of the b￿￿ineS Our audit proc¢dur¢5 were designed to TCSEX)Ad to risks of Material misstat¢ment in the financial Statementg, reco8nising that the risk of not d¢(ecting a material inisstsiem¢nt due to fraud is higher than the risk of not det#ting one resulting from ¢rror, as fr&Udll￿Y in￿01ve deliberatc concealment by, for ¢xample, forgery, misrepresentations or througb collusion. There are inhet¢nt liinitations in the audit proc¢dures pcrfonned and th¢ further removed non-complianee with laws and regulat[￿ is from the events and transaciions refittted in the financial 5tstemellts, the less ljkely we are to become aware of it. A further description of our re6ponsibilitics for the audit of th¢ ffftnancial ststements is located on the Financial Reporting Couuril'5 website atwww.frc.org.uklauditorsrcsponsibilities. Thisdescription fornis partof ourReport of the Auditors. BAPS Artthtsal Report Artd A¢￿VE1t8 1024 Vse of report This report is made solely lo the charit8bl¢ company's m¢T[￿e[S, as a body. in accordance with Chapter 3 of Part 16 uf the Coinpanies Act 2006. Our audit work has been undertaken so that we might stste lo the charitable cotnpany's Mernbe￿ those matters we are required to stale to thern in an auditors. report and for no other purptsse. To the (ulle5t extent pern)itted by law. we do not ￿cePt or assume responsibility to anyone other than the chariiable company's mcmbers a$ 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 Aed￿tieS {Iniorpor*ting an kn£ome Attd ¢4￿n￿lI￿re 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 aCti￿7tieS 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 24,962￿30 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$'. Totat fijnds brnught fortvard 23.912,739 1.835.429 1,166,852 26.915.020 31208,042 Total funds at the end Df the year 25.809A71 264233 I,231￿39 27.305,543 26915,020 All of the above r¢sults are derived from continuitig activities. Thelt were no other recognised gain5 or10&8es other tlwi those stated above. Movements in funds are disclosed in Nok 16 to the financial ststements. IPS Anttual Reporf ¥ndAe¢ouuts2024 15 Bochasanwasi Shrl Aksh4r Purushott*m Swaminarayan Sanstha Balance Sheel at 31 December 2024 CoMpa￿Y number 07313272 'otes Unrutricted Re$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 sta￿tOry 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$tre umar Patel- TRUSTEE Dlre¢torrrruste BAPS ADllu*l R by the ¢]￿lty.. this is nornially up)n notification of the intcre5t paid orpayable by th¢ bpnk. Fund Aceountlng RestrictL'd fi]nds are to be used for specific pwposes as laid down by the donor. ExpenditUTC which meets these ¢riteria is chargcd to the fi￿d. Unrestricted th￿1￿8 are donations and oth¢r incoming resources rw¢ived or generated for th¢ clwitable purposes. These fiLT2ds ar¢ aFailable for use towards meeting the obj¢ctives of th¢ ¢harity. EttdouTrent filluts are donations that have been given to the chartty to be hold as capital. The charity is pemjitted to use the interest genernied by the ￿nd to meet various expenses ot.the deities in the temples e.g. prirsts etc. h) ExpeDdlture And Irrecoverable VAT Expenditure is r￿Qgnised ouc¢ thcrc is a legal or constructiv¢ obligation to make apaymcnt to a third pary. it is probable that settlement will be required, and the amount of the vbli&iation can b¢ measured reliably. Expelldilu￿ is classified under the followin8 ectivity headings.. I Costs of raising fimds relatc to the costs of sales of audio, vid￿> and book8. Expenditure on charitable a¢iivities includes the ciists of direct clwitable ￿tIVItieS UTMkTtaken to fithher the purp05¢5 of the charity and their assrtiated sllpport Costs and allocated governance ¢0sts. Ir￿0Ve1¥b1¢ VAT is ¢barged as a cost agaiDSt the activity forwhich th¢ ¢xpendityr¢ w&5 incurr¢d. Grants p4yable fjrants payable are tnade to thwd parties in furtherance of the charitys objects. Grants are accounted forwhen either th¢ recipient h&5 a r¢&son&ble expectation that they will receive a grant aDd th¢ I￿Ste¢S have agreed io pay th¢ grant without condition, or the recipient has a re&8onable expectation that tkny will ￿e1v¢ a grdm( and that any condition atta¢hing to the grant is Oltside of thc control of the charity. BAPS Annull Re￿)rt A¢tuutLts 2024 19 BochayaDw4si Shri Aklhar PuTushottam Sw4minaravan San$th Notes to the f￿4￿¢5￿1 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 ch￿￿ty. Th¢se costs ar¢ ass￿l￿ted with constitutiona] and Sta￿l0ry requirements and include any costs associaied with the strategi¥ n￿￿gernent 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 detern￿ed 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 re￿￿nISed where the charity has a prwnt obligation resulting from 4 P&St event that will probablv result in the transfer of fi￿d$ 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 recO￿lSed at tra￿saCtIon i'alue and subsequently measured at th¢ir settlemcnt vaiuc. BAPS Annual Rtport Accounts 2024 20 BochAsanliasi Shri Akshar Purn$hottam Swsminlrayan S#Dstha ote5 to the fthancl41 statcments For the year ended 31 December 2024 Ac¢ountiDg polleles (continued) r) Pensions The ciwity operates a defined ¢ontribution scheme for elib4bl¢ en]ploy¢es and the stat¢ll￿nt of Financtal Activities is cbarged with the contribution payabl¢. s} Foreign currenel Assets and liabiliti¢5 in foreign curr¢ncies are translated into sterling at the rafr of exch￿8¢ Nling at the balance sh¢et date. Transaction5 in foreign c￿￿encieS are trdnslated into sterling at the rdte ofexchange ruling at th¢ date of tsznsaction. Exchange dItT¢￿nCeS are tak¢n into account in arriving at the Det movern¢nt in fjjnds. t) Government Krants Governmen( grants are recognised when it is relsonable to eXp￿t that the grants will be reLeived Ènd that all related conditions will be mel usually on submission of a valid clairn for paymenL Government grants in resptLt of capitsl expenditur¢ are creditd io a deferred income account and are released to profit over the eXp￿ted useful lives ofthe relevaut a55ets by equal annual Insta]n￿Lts. Grants of a revenue nature alr credited to ineome so ￿ to match them with the expendiWr¢ to which they r¢late. ll) A¢¢ounting estlmate$ and Judgements In the application of the Charity's accounting polieies, Trn5tees a￿ required to mak¢ judgen)¢nts, estimates and assumptions about the Ca￿l￿g 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 A￿ll￿1 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: c￿n￿b]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 fi￿dS 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 s￿mIn￿raYan 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$ InV￿tments 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 BA￿sAt￿￿4] Report*lld Acrovnts 2024 Boch*sanwasl Shrl Aksbar Purushott*m 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 ass￿lated 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) I3,069￿74 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 I￿p￿CiatIon 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￿ fi￿d- £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 SW￿ll1￿￿TayAn S¥4n$tha Notes to the f￿an¢S￿l statements For the )'ear ended 31 D￿ember 2024 ADalysis of staff c¢ists, tru$t¢e remuneration 4nd eXpe￿Se5, 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 ll￿re 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 tn￿￿e(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]h￿l 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¢has*nwasi Shri Ak3har Purnshottajn STrTraminar*yan San$tha tes to the Ilnanclal statements For the year ended 31 December 2024 Relat￿ party tr￿sa¢Ll￿n5 (CoDt'd) The clwity made iti5urnnce cover payments on bebalf of other rela¢ed entitie4 such as Nilkanth, BAPS Charities and others. Insurance cover paymenls are made due to cconomic reasons and these expense5 are subsequently reimbursed by th¢ related entiiies to th¢ Charity. The value of such transactioths for thc year amounted to £120,863 (2023.. £131,091). Taxation Th¢ Charity is exempt from coryx)ration tsx as all its inwme is charitable and is applicd for ¢haritsble Pu￿0$￿. 11. Tangible r￿ed 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 & ￿c￿Jed 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¢¢n￿lS and dcfcrred income 564,814 13,835 498,523 559,267 13,697 10,546 £1,077,172 £583,510 BAPSAt￿￿XI 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 prOj￿t 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