2024-07-31-accounts - Swaminarayan Mandir Vasna Sanstha

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	Pages
Trustees} Annual Report
Auditoris Report
Statement of Financial Activities		10
SummaryIncome and Expenditure Account		11
Balance Sheet		12
Statement of Cash flows		13
Notes to the Accounts	14 to	20

	2024	2023
Income		246,835
Gross income for theyear		246,835
Expenditure	134,677	46,706
Interest payable	10,429	55,471
Depreciation and charges for
impairment of fixed assets	102,550	79,561
Total expenditure for the year	247/656	181,738
Net income before tax for the year	792,243	65,097
Net income for the year	792,243	65,097

Company No. 09196187	Notes	2024	2023
Fixed assets
Tangible assets	11
			5,407,328
Current assets
Debtors	12	3,158	192,442
Cash at bank and in hand		369,730	42,719
		372,888	235,161
Creditors: Amount falling due within one year	13	(7,985)	(584,230)
Net current assets/(liabilities)		364,903	(349,069)
Total assets less current liabilities
Creditors: Amounts falling due after more than one year		(5,128)	(740,042)
Net assets excluding pension asset or liability			4,318,217
Total net assets			4,318,217
The funds ofthe charity
Restricted funds	15
Unrestricted funds	15
General funds		5/690,120	4,318,217
			4,318,217
Reserves	15

	2024	2023
Cash flows from operating activities
Net income per Statement of Financial Activities		65,097
Adjustments for:
Depreciation of property, plant and equipment	102,550	79,561
Dividends, interest and rents from investments	(3,270)
Decrease in trade and other receivables	189,284	68,037
(Decrease)/lncrease in trade and other payables	(576,245)
Net cash provided by operating activities		214,136
Cash flows from investing activities
Payments for property, plant and equipment	(25,567)	(67,858)
Dividends, interest and rents from investments	3,270
Net cash used in investing activities	(22,297)	(67,858)
Cash flows from financing activities
Repayment of borrowings	(734,914)	(259,563)
Net cash used in financing activities	(734,914)	(259,563)
Net increase/(decrease) in cash and cash equivalents	327,011	(113,285)
Cash and cash equivalents at the beginning of the year	42,719	156,004
Cash and cash equivalents at the end of the year	369,730	42,719
Components ofcash and cash equivalents
Cash and bank balances	369,730	42,719
	369,730	42,719

Income
Recognition of	Income is included in the Statement of Financial Activities (SOFA) when the charity
Income	becomesentitled to, and virtually certain to receive, the income and the amount of
	the income can be measured with sufficient reliability.
Income with related	Where income has related expenditure the income and related expenditure is
expenditure	reported gross in the SoFA.
Donations and	Voluntary income received by way ofgrants,donations and gifts is included in the
legacies	the SOFA when receivable and only when the Charity has unconditional
	entitlement to the income.
Tax reclaims on	Income from tax reclaims is included in the SOFA at the same time as the
donations and gifts	gift/donation to which it relates.
Donated services	These are only included in income (with an equivalent amount in expenditure)
and facilities	where the benefit to the Charity is reasonably quantifiable, measurable and
	rnaterial.
Volunteer help	The value ofany volunteer help received is not included in the accounts,
Investment income	This is included in the accountswhen receivables
Gains/(losses)on	This includes any gain or loss resulting from revaluing investments to marketvalue
revaluation offixed	at the end of the year.
assets
Gains/(losses) on	This includes any gain or loss on the sale ofinvestments.
investment assets

es to the Accounts
Expenditure
Recognition of	Expenditure is recognised on an accruals basis. Expenditure includes any VATwhich
expenditure	cannot be fully recovered, and is reported as part of the expenditure to which it
	relates.
Expenditure on	These comprise the costsassociated with attracting voluntary income, fundraising
raising funds	trading costs and investment managementcosts.
Expenditure on	These comprise the costs incurred by the Charity in the delivery of its activities and
charitable activities	services in the furtherance of its objects, including the making of grants and
	governance costs.
Grants payable	All grantexpenditure is accounted for on an actual paid basis plus an accrual for
	grants that have been approved by the trustees at the end of the year but not
	yet paid.
Governance costs	These include those costsassociated with meeting the constitutional and
	statutory requirements of the Charity, including any audit/independent
	examination fees, costs linked to the strategic management of the Charity,
	together with a share of other administration costs.
Other expenditure	These are support costs not allocated to a particularactivity.

3 Statement of Financial Activities prioryear
		Unrestricted
		funds	Total funds
		2023	2023
Income and endowments from:
Donations and legacies		246,835	246,835
Total		246,835	246,835
Expenditure on:
Charitable activities		30,345	30,345
Administrative expenses		151,393	151,393
Total		181,738	181,738
Net income		65,097	65,097
Net income before other		65,097	65,097
gains/(losses)
Other gains and losses:
Net movement in funds		65,097	65,097
Reconciliation of funds:
Total funds brought forward
Total funds carried forward		4,318,217	4,318,217
4 Income from donations and legacies
	Unrestricted	Total	Total
		2024	2023
Donations and legacies	628,715	628,715	246,835
New temple donations	407,914	407,914
			246,835
5 Other income
	Unrestricted	Total	Total
		2024	2023
Other operating income received	3,270	3,270
	3,270	3,270

6	Expenditure on raising funds
		Unrestricted	Total	Total
			2024	2023
	Fundraising trading costs
		6,159	6,159
		6,159	6,159
7	Expenditure on charitable activities
		Unrestricted	Total	Total
			2024	2023
	Expenditure on charitable
	activities
		101/661	101,661	30,345
	Governance costs
		101,661	101,661	30,345
8	Other expenditure
		Unrestricted	Total	Total
			2024	2023
	Bank loan and overdraft
	interest payable	10,429	10,429	55,471
	Premises costs	20,769	20,769	15,645
	Amortisation, depreciation,
	impairment, profit/loss on	102,550	102,550	79,561
	disposal of fixed assets
	General administrative costs	3,388	3,388	716
	Legal and professional costs	2,700	2,700
		139,836	139,836	151,393
9	Net income before transfers
		2024		2023
	This is stated after charging:
	Depreciation of owned fixed assets	102,550		79,561

11	Tangible fixed assets	Land and	Furniture &	Total
		buildings	fixtures
	Cost or revaluation
	At 1 August 2023		24,741
	Additions	23,095	2,472	25,567
	At 31 July 2024		27,213
	Depreciation and
	impairment
	At 1 August 2023	316,154	24,741	340,895
	Depreciation charge for the	101,932	618	102,550
	year
	At 31 July 2024	418,086	25,359	443,445
	Net book values
	At 31 July 2024	5,328,491	1,854	5,330,345
	At 31 July 2023
12	Debtors
		2024		2023
	Other debtors			190,000
	Prepayments and accrued income	3,158		2 442
		3,158		192,442
13	Creditors:
	amounts falling due within oneyear
		2024		2023
	Other creditors			579,660
	Accruals	7,985		4,570
		7,985		584,230
14	Creditors:
	amountsfalling due after more than one year
		2024		2023
				E
	Bank loans and overdrafts	5,128		740,042
		5,128		740,042

15	Movement in funds
			Incoming
			resources
			(including	Resources	At 31 July
			other	expended	2024
		At 1 August	gains/losses)
		2023
	Restricted funds:
	Unrestricted funds:
	General funds		1,619,559	(247,656)
	Total funds	4 318 217	1 619 559		5 690 120
16	Analysis of net assets between funds
				Unrestricted
					Total
				funds
	Fixed assets
	Net current assets			364,903	364,903
	Creditors due in more than one year and provisions			(5,128)	(5,128)
				5 690 120	5 690120