## ## |~
a|| |---|---| ||~ ~
~| |Description ofthe charity's trusts|| |Type ofgoverning
document|Deed ofTrust dated 1"June 2013and Supplemental
Deed ofTrust dated
23"'February 2014| |How the charity is constituted|Trust| |Trustee selection methods|By the Trustees'
resolution| |Additional
governance
issues (Optional
information)|| |You may choose to include
additional
information,
where
relevant,
about:
~
policies and procedures
adopted for the induction
and
training
oftrustees;
~
the charity's
organisational
structure
and any wider
network
with which the charity
works;
~
relationship
with any related
parties;
~
trustees'
consideration
of
major risks and the system|1. Meetings
are held every quarterly
by the Trustees
to discuss and
review
strategy,
planning,
developments,
financial
and
administrative
matters
2.
All trustees
have been provided
with guidance
notes produced
by
the Charity
Commission
3. Specific activities
have
been
delegated
in areas
of accounting,
religious
and
cultural
activities,
donations,
youth
activities,
food
preparations
and projects
4.
Structure
and
delegation
processes
have
been
instigated
to
promote
and encourage
the skills
and for the charity to strengthen
its skill base
5. The Trustees
have a duty to identify
and review the risks to which
the charity
is exposed
and to ensure
appropriate
controls
are
in
place at all times.
6.
The
Trustees
take
professional
advice
as
and
when
required.| |and procedures
to manage|| |them.|| ||~ ~| |Summary ofthe objects ofthe
charity set out in its
governing
document|The advancement
ofthe Swaminarayan
denomination
ofThe Hindu
Religion for the public benefit
in particular
by:
a) helping
aspirants
to achieve spiritual
enlightenment
by becoming
'Brahmaswarup'
and serve 'Parbrahmaswarup'
by reference to the
teachings
of his Divine Holiness Pappajimaharaj.
b) advancing
and propagating
the Swaminarayan
denomination
ofthe| ||Hindu
religion amongst
its members
and the wider public with particular
reference to the teachings
and principles of Lord Swaminarayan
and
Gunatitanand
Swami.| ## ## |||||Restricted|||| |---|---|---|---|---|---|---|---| |Recommended
categories||by|Unrestricted|income|Endowment||Prior year| |activity|||funds|funds|funds|Total funds|funds| ||||E|2|2|2|2| |Incoming resources|(Note|3)|F01|F02|F03|F04|F05| |Income and endowments|from:||||||| |Donations
and legaees|||104,848|||104,848|99,806| |Investments|||17,430|||I7,430|8,540| |Total|||122;278.||||108,346| |Resources expended|(Note 4)||||||| |Expenditure
on:|||||||| |Raising funds|||14,523|||14'523|9,779| |iaritable
activities|||14,940|||14940|34,815| |Separate male riat item of expense|||||||| |Other|||34,049|||34,049|2,788| |Total|||63„512|||63,512|. 47,382| |Net income/(expenditure)||before investment||||'|| |gains/(losses)|||. 56„766|||. 58,766::,|60,964| |Net gains/(losses)
on investments|||||||| |Net income/(expenditure)|||:56,788|||'58;766|60,964| |lvet movement in funds|||58,766|||58,766|60,964| |Reconciliation
offunds:|||||||| |Total funds brought
forward
Total funds carried forward|||374,444
"',433210|||374;444
'433,2'I0'|313,480
374444| ## ## ||Restricted|||| |---|---|---|---|---| |Unrestricted|income|Endowment|Total this|Total last| |funds|funds|funds|year|year| |6|2|E|E|2| |F01|F02|F03|F04|F05| |2,938|||2,938|3,477| |2,938|||2,938|3,477| |||||150,000| |433,247|||433,247|223,21 7| |„-,433;247|||433;247'|373,217| |2,975|||2,975|2,250| |'430,272|||430,272|370,967| |,2 0,|||' 33,2 0|374,444| |Total net assets or liabilities|Total net assets or liabilities|Total net assets or liabilities|433,210|433,210|374,444| |---|---|---|---|---|---| |Funds of|the Charity||||| |Unrestricted|funds||433,210|433,210|374,444| |||Total funds|':433,210|433,210|374,444| |Signed hy one|or two trustees|on behalf of sll|||Date of| |the trustees|||Signature|Print Name|approval| ||||||dd/mm/| |||||Miss Shlia Po at|03/02/2022| |||||Dr Naina Visani|03/02/2022| ## ## ## ## ## ## ## ## ## |Note 2|||||Accounting
policies|Accounting
policies||||| |---|---|---|---|---|---|---|---|---|---|---| |2.2 INCOME||||||||||| |This standard|||list o/accounting|||po/icies has been appked by the charity except forlhasa
licked
"No"or "N/a"
n/here|a|||| |di//erenl|or|additional||policy|hae been adopted than rhis is detai/ed
in the box below.|||||| |Recognition|||of income||These are included
in the Statement
of Financial Acsvities (SoFA) when:|||||| ||||||~
the charity becomes entitled
to the resources;|||||| |||||||it is more likely than not that the trustees
will receive the resources; and||Yes|No|N/a| ||||||~
the monetary
value can be measured
with sufficient reliability.|||||| ||||||There has been no offsetting ofassets and liabilities,
or income and expenses,
unless||required|or Yea|No|N/a| |Offsetting|||||permitted
by the FRS102SORP or FRS 102|||||| |||||||||Yes|No|N/s| ||||||Grants and donations
are only ncluded
in the SoFA when the general income|||||| |Grants and||donations|||recognition
criteria are met (5.10to5.12 FRS102SORP)|||||| |||||||In the case ofperformance
related grants, income must only be recognised
to the extent||Yes|No|N/a| ||||||that the charity has provided the specified goods or services as entitlement
to the grant|||||| ||||||only occurs when the performance
related conditions are met (5.16FRS102SORP).|||||| |Legacies||||||Legacies are included
in the SOFA when receipt is probable, that is, when there has||||| |||||||been grant ofprobate,
Ihe executors have established
that there are sufficient assets in||||| ||||||the estate and any conditions
attached
lo the legacy are either within the control ofthe|||||| |||||||charity or have been met.||||| |Government|||grants||1he charity has received government
grants
in the reporting
period|||||| |||||||Giff Aid receivable
is included
in income when there is a valid declaration
from the||||| |Tax reclaims|||on||donor.
Any Gift Aid amount
recovered
on a donason
is considered
to be part of that gilt|||||| |donations||and gitts||||and is treated as an addition to the same fund as the initial donation
unless the donor or||||| |||||||the terms ofthe appeal have specified otherwise.||||| |Contractual
Income
performance
related
grants
Donated goods||||and||This is only included
in the SoFA once the charity has provided
the related goods or
services or met the performance
related conditions.
Donated goods are measured
at fair value (the amount for which the asset could be
exchanged)
unless impractical
to do so.||CCQ
CUD||| |||||||The cost of any stock ofgoods donated
for distribution
to beneficianes
isdeemed
to be||||| |||||||the fair value ofthose giffs at the bme of their receipt and they are recognised
on receipt.||||| |||||||In the reporting
penod
in which the stocks are distributed,
they are recognised as an||||| |||||||expense atthe carrying
amount ofthe stocks at distnbulion.||||| |||||||Donated goods for resale are measured
at fair value an initial recognition.
which is the||||| |||||||expected proceeds fram sale less the expected costs of sale, and recogrxsed
in 'income||||| |||||||from other trading
acgvities'
with the corresponding
stock recognised
in the balance||||| |||||||sheet.
On its sale the value of stock ischarged against 'Income from other trading||||| |||||||activities' and the proceeds from
sale are also recognised as 'Income from other trading||||| |||||||activities'.||||| |||||||Goads donated
for ongoing use by the charity are recognised as tangible
fixed assets||||| |||||||and included
in the SoFA as incoming resources wtien receivable.||||| |||||||Giffs in kind for use by the charity are included
in the SoFA as income from donations||||| |||||||when receivable.||||| |Donated|services and|||||Donated services and facilities are included
in the SOFA when received at the value of||||| |facliities||||||the gift to the chaiity provided
the value ofthe gift can be measured
reliably.||||| |||||||Donated services wid facilaies that are consumed
immediately
are recogmsed as||||| |||||||income with an equivalent
amount
recognised as an expense
under Ihe appropriate||||| |||||||heading
in the SOFA.||||| |Support|costs|||||The charity has incurred
expenditure
on support costs.||||| |Volunteer||help||||The value of any voluntary
help received is not included
in the accounts but is described
in the trustees'
annual
report.||Yes|No|N/a
v'| |Income
royalties|fram interest,
and dividends|||||This is included
in the accounts when receipt is probable and the amount
receivable can
be measured
reliably.||es
No
N/a
CEO||| |Income|from||membership|||Membership
subscriptions
received
in the nature
ofa gift are recognised
in Donations||||| |subscriplions||||||and Legacies.||||| |||||||Membershiri
subscriptions
which nives a member
the rioht to buv services or other||es|No|N/a| ## ||||benefits are recognised as income earned from the provision
ofgoods and services as||||| |---|---|---|---|---|---|---|---| ||||income from chantable
activices.||||| |Settlement
claims|of|insurance|Insurance
claims are only included
in the SoFA when the general
income recognition
criteria are met (5.10to 5.12FRS102SORP) and ere included as an item ofother
income
in the SoFA.||CZCI||| |Investment
losses|gains and||This mcludes
any realised or unrealised
gains or losses on the sale of investments
and
any gain or loss resulting
fram revaluing
investments
to market value at the end ofthe
year||CCD||| |2.3 EXPENDITURE|||AND LIABILITIES||||| |Liability recognition|||Liabiligies are recognwed
where
it is mare likely than not that there isa legal or||Yes|No|N/a| ||||constructive
obligation
committing
the chanty to pay out resources and the amount ofthe||v'||| ||||oblrgation
can be measured
with reasonable
certainty.||||| |Governance
costs||and support|Support costs have been allocated between
governance
costs and other support
Governance
costs comprise
aff costs involving
pubkc accountability
ofthe charity and its
compliance
with regulation
and good practice.||CCD||| ||||Support costs mclude central functions
and have been affccated tc activity cost||Yes|No|N/a| ||||catsgcnes
ons basis consistent
with the use oi resources, eg agocakng
property costs
by floor areas, or per capita, staff casts by the time spent and other costs by their usage.||||v'| |Grants with|performance||Where the chanty gives a grant with conditions
for its payment
being a specific level of
service or output to be provided,
such grants are only recognised
in the SoFA once the
recipient ofthe grant has provided
the specified service or output.||es
No
N/a
EZO||| |Grants payable without
performance
conditions|||Where there are no conditions
attaching
to the grant that enables the donor charity to
realistically
avoid the commitment,
a liability for the full funding
obligation
must be
recognised.||CDZ||| |Redundancy|cost||The chanty made no redundancy
payments
during
the reporting
period.||Yes|No|Nra| |Oeferred income|||No matenal
item ot deferred income has been included
in the accounts.||Yes|No|N/a| |Creditors|||The charity has creditors which are measured
at settlement
amounts
less any trade
cliscouilts||||| |Provisions|for liabilities||A liability is measured
an recognitron
al its historical cost and then subsequently
measured
al the best estimate ofthe amount
required to settle the obligation al the||Yes|No|N/a| ||||reporting
date||||| |Basic financial
instruments|||The chanty accounts for basic finanaal
mstruments
on initial recognition
as per
paragraph
11 7FRS102SOAP
Subsequent
measurement
is as per paragraphs
I \ 17
to 11.19.FRS102SOAP||Yes|No|N/a| |2.4ASSETS|||||||| |Tangible fixed assets for|||Ttiese are capilalised
if they can be used for more than one year, and cost at least||||| |use by charily|||||Yss|No|N/a| ||||They are valued at cost.||||| ||||The depreciation
rates and methods
used are disclosed
in note 9,2.||||| |Intangible
fixed assets|||The charity has intangible
fixed assets, that is, non-monetary
assets that do not have||Yea|No|N/a| ||||physical substance
but are identifiable
and are controlled
by the charity through
custody||||| ||||or legal rights.
The amortisation
rates and methods used are disclosed
in note 9.5||||| ||||||as|No|N/s| ||||Tiiey are valued at cast.||||| |Heritage assets|||The charity has hentage assets, that is, non-monetary
assets with historic, artistic,||||| ||||saentific, technological,
geophysical
or environmental
qualities
that are held
and
maintained
pnncipagy
for their contribution
lo knowledge
and culture.
The depreciation
rates and metiiods used as disclosed
in note 9.6.14.||CCQ||| ||||They are valued at cost.||||| |Investments|||Fixed asset investments
in quoted shares, traded bands and similar investments
are||||| ||||valued at inrtiaffy at cost and subsequently
at fair value
/their market value) at the year||||| ||||end. The same treatment
is appked
to unlisted
mvestments
unless fair value cannot be||||| ||||measured
reliably
in which case it is measured
at cost less impairment.||||| ||||Investments
held for resale or pending
their sale and cash and cash equivalents
with a||||| ||||matunty
date of less than
I year are treated as current asset investments||||| |Stocks and|work in||Stocks held for sale as part cf non-chantable
trade are measured
at the lower or cost or|net|||| |progress|||realisable value.||||| ||||Goods or services provided as part ofacharitable
activity are measured
at net realisable|value|||| ||||based an the service potential
provided
by items ofstock.||||| |Notes to the acco
Year ended 31st|unts
May 2021
(cont'd)||| |---|---|---|---| ||Work
in progress is valued at cost less any foreseeable
loss that is likely to occur on the|contract|Yea
No
ftla
CCCZ| |Debtors|Debtors (including
trade debtom and loans receivable) are measured
on initial recognition
at
sehlement
amount
after any trade discounts
or amount advanced
by the chanty.
Subsequently
they are measured
at the cash or other consideration
expected to be received.||CZD| |Current asset
investments|The charity has has investments
which
it holds for resale or pending
their sale and cash
cash equwalents
with a maturity
date less than one year. These include cash on deposit
cash equivalents
with a maturity
date ofless than one year held for investment
purposes
than to meet short term cash commitments
as they fall due.|and
and
rather|CZD| ## |Note 3||Anal|ysis of income|||||||| |---|---|---|---|---|---|---|---|---|---|---| |||||||Restricted||||| ||||||Unrestricted|income|Endowment|||| ||||||funds|funds|funds|Totsi funds||Prior year| ||||Anal sis|||||2||9| |Donations|Donations|and|ifts||90,743|||90,743||86,735| |and legacies:|Gift Aid||||14,105|||14,105||13,071| ||Le acies|||||||||| |||||Total|104,648|||104,848||99,806| |Income from|Interest income||||17,430|||17,430||8,540| |investments:|Dividend|income|||||||'|| |||||Total|17,430|||17,430||. 8,540| |TOTALINCOM|E||||122,278|||122,278||108,346| ## ## ## ## ||||unfsstrtctsd||Unrsstrtctsd|| |---|---|---|---|---|---|---| ||Analysis||funds|Totsl funds|funds|Total funds| |Ex enditure|on raising|funds:||6||2| |Staging fundraising
events|||128|128|2,216|2,216| |Other trading|activities||7,126|7,126|2,981|2,981| |Rent collection, property||repairs and||||| |maintenance|charges||7,269|7,269|4,582|4.582| |Total expenditure
on raising funds,|||'14t523|14,523.|9,779|9,779| |Expenditure|on charitable activities:|||||| |Travelling|||3,181|3,181|23,182|23,182| |Premises costs|||7,270|7,270|7.454|7,454| |Insurance|||4,384|4,384|4054|4,054| |Bank charges|||105|105|125|125| |Total expenditure
on charitable||||||| |activities|||1,4,940|14940|34,815|34,815| |Other||||||| |Acccuntanc|||2980|2,980|2250|2,250| |De reciaticn|||538|538|538|538| |Dcnaticns|||30531|30531||| |Total other expenditure|||34,049|34,049|2,788|2,788| |TOTAL EXPENDITURE|||63,512|63,512|47,382|47,382| ## ## ||||||Fixtures, fittings|Fixtures, fittings|Total| |---|---|---|---|---|---|---|---| ||||||and equipment||| |At the beginning
of the year||||||5,390|| |Additions|||||||| |At end of the|year|||||5,39'0'|' '':5;390'| |6.2 Depreciation||and impairments|||||| |||||**Basis|SL||SLor RB| |||||**Rate|10%||| |At beginning|of the year|||||1,913|1;913| |Depreciation||||||539|'. 539| |At end of the|year|||||2,452|2,452| |6.3 Net book|value||||||| |Net book value at||the beginning|of the|year|'|3,477|3,477'| |Net book value at||the end of the|year|||2,938|,2,938| ## ## ## ## |2021||2020| |---|---|---| |||150,000| ||0|150,000| ## ## |Amounts|falling due| |---|---| |within one year|| |2021|2020| |2|| |2,975|2,250| |2,975|2,250| ## |2021||2020| |---|---|---| |433,247|''|223,217| |433,247'||223,217| ## ## ##