**REGISTERED CHARITY NUMBER: 1185387** 

**Report of the Trustees and** 

**Unaudited Financial Statements for the Year Ended 31 March 2023** 

**for Loyadham Parivar UK** 

KBMD Limited Chartered Certified Accountants Maple House 382 Kenton Road Harrow Middlesex HA3 9DP 



**Loyadham Parivar UK** 

## **Contents of the Financial Statements for the year ended 31 March 2023** 

|||**Page**||
|---|---|---|---|
|**Report of the Trustees**|1|to|2|
|**Independent Examiner's Report**||3||
|**Statement of Financial Activities**||4||
|**Balance Sheet**||5||
|**Notes to the Financial Statements**|6|to|9|
|**Detailed Statement of Financial Activities**||10||





## **Loyadham Parivar UK** 

## **Report of the Trustees for the year ended 31 March 2023** 

The Trustees of the charity for the purposes of the SORP (FRS 102) present their report with the unaudited financial statements of the charity for the year ended 31 March 2023. 

## **OBJECTIVES AND ACTIVITIES** 

The objects of the charity set out in its governing document are as follows: To promote Indian culture and Hindu religion in the UK to encourage racial harmony for public benefit and to prevent and relief of poverty in India by assisting in the provision of education, training and health care projects. And to relive elderly people in India and propagation of the Hindu faith, in particular Bhagwan Swaminarayan. 

The Trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the trust should undertake. 

## **ACHIEVEMENT AND PERFORMANCE** 

The charity is constitutionally independent organisation and working on advancing and propagating the Indian culture and Hindu religion in particular Swaminarayan faith. 

Our youth take part in and help organise street walks and street briefing every few months. The aim is crime prevention and knowing our local community in Kenton. 

Religious Activities: The aim of the charity is to provide service of worship and meditation and also allow believers to practice their faith, to foster harmony, non-violence, tolerance and good citizenship of the people. The charity also provides resources (sacred printed material, CD-ROMS, Videos, and audio Cassettes etc.). The charity actively encourages individuals of all backgrounds, regardless of their level of literacy to participate in the activities. 

Worship of Bhagwan Shree Swaminarayan, this involved prayers, singing devotional hymns and shared religiously blessed food. Organised Hindu festival celebrations, for example Diwali, the New Year (according to the Hindu calendar), Janmashtmi, Ram Navami, Swaminarayan Jayanti and various other festivals. 

Due to lifting of Covid restriction earlier this year, we had resume actively our laid down aims . Already started hiring of venues to further physical gathering to resume normality and progress further to achieve our goals. 

## **FINANCIAL REVIEW** 

During the year, the donation income received as per expectations. The Trustees would like to thank all the members for the successful activities for generating funds. 

It is the policy of the trust that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three- and six-month's expenditure. The Trustees considers that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the trust's current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year. 

In establishing this policy, the Trustees conducts an annual review of the level of unrestricted reserves in the general fund by considering risks associated with the various income streams, expenditure plans and balance sheet items. This enables an estimate to be made of the level of reserves that are sufficient to allow time for re-organisation in the event of a downturn in income or asset values; to protect ongoing work programme; and to allow the Charity to meet its objectives. 

The Trustees review the Charity's reserves policy annually and are satisfied with the level of cash reserves at the year end and are confident that the cash reserves will increase in subsequent years. 

Page 1 



Loyadham Parivar UK
Report of the Trustees
for the year ended 31 March 2023
STRucfuRE. GOVERNANCE AND MANACKMENT
The Charity is controlled by its goveming docutnenls, the memorandum and articles of association.
All Tnjstees have been alli)cated an area of resÈy)n$ibility which. where possibl4 15 irt accoTdance with their skills and
experience.
The Trustees are responsible for keepillg proper accounting records that dis¢lose with reasonable 2ccuracy at any time
the financial position of the charity and lo enable them to ensure that the financial statements cortlply with th¢ SORP
(FRS 102). The Trnste¢s are also JY$ponsible for safeguarding the a55ets of the charity and hence tsking r¢asonable steps
for the prevention and detection of fraud and other irregularities.
The above report has been prepared in accordance with the provisions applicable in aw>rdance with the Charities SORP
(FRS 102).
REFERENCE AND ADMINISTRATIVE DETAILS
Charity No.: 1185387
Registered Office
29 Alicia Av¢nue
Kenton
8HU
Trustee5
The following Tn]stees served during the year:
ShaileshKumAr Patel
Ramji Devji Kerai
Lalji Muiii Patel
Sandipkntnar Patel
Mihirkumar Patel
Accountants
KBMD Limited
382 Kenton Rd,
Harrow
Middlesex
HA3 9DP
Batlkers
Metro Bank
Unit l The Mall
Edgware
Middlesex
HA8 7BD
Approved by order of the board of tn]stees on.... ...
. and signed on its behalf by..
MrSR
atel- Trnstee
Page 2

liidependent Ei xaminer's Repoi't to the Trustees of
Loyadham PArivAr UK
In(lependent exAminei' s roiiort ID the trLlStees of LoyAilhthm Pii'ivai. UK
I ii'pori 10 the ¢hai'iiy I¥u51ecs on illy exainitiation of the accouiils of Loyadhain P*i'ivai' UK (the Trust) foi. the ytai.
elided 31 Mairh 2023.
Responsibillties atid bR515 of i'Eiiort
As the ehariiy Irusiees of th¢ 'l'11151 you air respotisible foi. Ilie PlLPllI'ation of the accounts in JGcordance with the
IwuiirmLiits of thc Chai'ilie5 Acl 2011 I'lhe Act'l.
I ￿polI in IEspcGI ol-ni}' examination ofihe Tvu%Vs a¢coiint5 Larried ovl under Se¢iion 145 of the Aci and in carrying oui
my exaininalioii I have followed all applicable Direclinns given by the Charily Cornrnission undei. Section 145(5llbl of
the Act.
Indep¢n(l¢nt exaittriier's stateinent
I hilV¢ complclcd niy examinaiion, l ¢onfii'm that no material mailers have cotne to my &ttenlion iii conn¥¢lion ivith the
examittalÉon giving ine eausL' 10 believe tha¢ iii any M￿ttrial re5reet,'
a¢¢oiinling I'¢r01￿5 WelE iiol kEpl in Irspcct of rhe Ti'ust as required by Sectioii 130 ot'lhe Act,. or
Ihe a¢¢ounlS do nLIt accoixl i¥iih iho8e Èr¢ords', or
Ilic accounts d(k nol coijjply ivith the appli¢able TCqUiiEnient% concerning thc form and contenl uf accoLinls set out
in IhL C.harilies {Actt)unis ond l£cpoits1 R¢gulalions 2008 oihei. Ihah any Irouiirmenl ihal the a¢tt)unts give a
true and 1811. viLw ivhich is Dot a maller coiisidcred a8 Part of ali indcpendefit &xamtiialion.
I have no ¢on¢¢i'ns and hai'e corne across no oihcr matteiy in cortnellion ivitli the cyarntnation to which attention should
be draivn in this reporl im order lo cnable a proper undvisianding of the accounts lo be iisched.
K iQ Patel, B.Com114onsl. FCCA, ARA
KBMD Liniiied
Chaixei'ed Certified Accounlanls
Maple House
382 Kenton Rvad
Harl￿W
Middle%ex
I.IA3 9DP
Q6/0 *l.JoaJ

## **Loyadham Parivar UK** 

## **Statement of Financial Activities for the year ended 31 March 2023** 

||||**31.3.23**|31.3.22|
|---|---|---|---|---|
||||**Unrestricted**||
||||**fund**|Total funds|
||Notes||**£**|£|
|**INCOME AND ENDOWMENTS FROM**|||||
|Donations and legacies|||**108,813**|57,890|
|**EXPENDITURE ON**|||||
|Raising funds||2|**54,265**|43,216|
|**NET INCOME**|||**54,548**|14,674|
|**RECONCILIATION OF FUNDS**|||||
|Total funds brought forward|||**93,477**|78,803|
|**TOTAL FUNDS CARRIED FORWARD**|||**148,025**|93,477|



The notes form part of these financial statements 

Page 4 



Loyadham Parivar UK
Balance Sheet
31 March 2023
31.3.23
Unrestrlettd
fund
31.3.22
Total fund5
Note5
CURREf4T ASSETS
Cash at bank
149.348
94,737
CREDITORS
Amout]Is falling due within one year
(1.323)
(1.2601
NET CURREfU ASSETS
148,02S
93,477
TOTAL ASSETS LESS CURRENT
LIABILITIES
148,025
93,477
NET ASSETS
148.025
93.477
FUNDS
Unrestricted fvnds
148.025
93,477
TOTAL FUNDS
148,025
93.477
Th financial Statements We￿ approved by the Board of and authorised for issue
nd were signed on its behalf by..
on
Mr S R Patel- Tn]stee
Mr L M D Pat¢l- Tjustee
The notes fonn part of these fitiancial statements
Page 5

**Loyadham Parivar UK** 

## **Notes to the Financial Statements for the year ended 31 March 2023** 

## **1. ACCOUNTING POLICIES** 

## **Basis of preparing the financial statements** 

The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention. 

## **Income** 

All income is recognised in the Statement of Financial Activities once the charity has received the funds, it is probable that the income will be received and the amount can be measured reliably. 

## **Expenditure** 

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for when paid and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. 

## **Taxation** 

The charity is exempt from tax on its charitable activities. 

## **Fund accounting** 

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. 

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. 

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. 

## **2. RAISING FUNDS** 

## **Raising donations and legacies** 

|**Raising donations and legacies**|||
|---|---|---|
||**31.3.23**|31.3.22|
||**£**|£|
|Support costs|**54,265**|43,216|



Page 6 

continued... 



## **Loyadham Parivar UK** 

## **Notes to the Financial Statements - continued for the year ended 31 March 2023** 

## **3. TRUSTEES' REMUNERATION AND BENEFITS** 

There were no trustees' remuneration or other benefits for the year ended 31 March 2023 nor for the year ended 31 March 2022. 

## **Trustees' expenses** 

There were no  trustees' expenses paid for the year ended 31 March 2023 nor for the year ended 31 March 2022. 

## **4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES** 

|||||Unrestricted|
|---|---|---|---|---|
|||||fund|
|||||£|
||**INCOME AND ENDOWMENTS FROM**||||
||Donations and legacies|||57,890|
||**EXPENDITURE ON**||||
||Raising funds|||43,216|
||**NET INCOME**|||14,674|
||**RECONCILIATION OF FUNDS**||||
||Total funds brought forward|||78,803|
||**TOTAL FUNDS CARRIED FORWARD**|||93,477|
|**5.**|**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**||||
||||**31.3.23**|31.3.22|
||||**£**|£|
||Other creditors||**1,323**|1,260|
|**6.**|**MOVEMENT IN FUNDS**||||
||||Net||
||||movement||
|||At 1.4.22|in funds|At 31.3.23|
|||£|£|£|
||**Unrestricted funds**||||
||General fund|**93,477**|**54,548**|**148,025**|
||**TOTAL FUNDS**|**93,477**|**54,548**|**148,025**|



continued... 

Page 7 



## **Loyadham Parivar UK** 

## **Notes to the Financial Statements - continued for the year ended 31 March 2023** 

## **6. MOVEMENT IN FUNDS - continued** 

Net movement in funds, included in the above are as follows: 

||Incoming|Resources|Movement|
|---|---|---|---|
||resources|expended|in funds|
||£|£|£|
|**Unrestricted funds**||||
|General fund|**108,813**|**(54,265)**|**54,548**|
|**TOTAL FUNDS**|**108,813**|**(54,265)**|**54,548**|



## **Comparatives for movement in funds** 

|Net<br>movement<br>At 1.4.21<br>in funds<br>At<br>£<br>£<br>**Unrestricted funds**<br>General fund<br>78,803<br>14,674<br>**TOTAL FUNDS**<br>78,803<br>14,674|31.3.22<br>£<br>93,477|
|---|---|
||93,477|



Comparative net movement in funds, included in the above are as follows: 

||Incoming|Resources|Movement|
|---|---|---|---|
||resources|expended|in funds|
||£|£|£|
|**Unrestricted funds**||||
|General fund|57,890|(43,216)|14,674|
|**TOTAL FUNDS**|57,890|(43,216)|14,674|



A current year 12 months and prior year 12 months combined position is as follows: 

|||Net||
|---|---|---|---|
|||movement||
||At 1.4.21|in funds|At 31.3.23|
||£|£|£|
|**Unrestricted funds**||||
|General fund|78,803|69,222|148,025|
|**TOTAL FUNDS**|78,803|69,222|148,025|



continued... 

Page 8 



## **Loyadham Parivar UK** 

## **Notes to the Financial Statements - continued for the year ended 31 March 2023** 

## **6. MOVEMENT IN FUNDS - continued** 

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: 

||Incoming|Resources|Movement|
|---|---|---|---|
||resources|expended|in funds|
||£|£|£|
|**Unrestricted funds**||||
|General fund|166,703|(97,481)|69,222|
|**TOTAL FUNDS**|166,703|(97,481)|69,222|



## **7. RELATED PARTY DISCLOSURES** 

There were no related party transactions for the year ended 31 March 2023. 

Page 9 



## **Loyadham Parivar UK** 

## **Detailed Statement of Financial Activities for the year ended 31 March 2023** 

|**INCOME AND ENDOWMENTS**<br>**Donations and legacies**<br>Donations<br>Gift aid<br>**Total incoming resources**<br>**EXPENDITURE**<br>**Support costs**<br>**Management**<br>Accountancy<br>Food provisions<br>Hall Hire<br>Donations given<br>Equipment costs<br>Travelling<br>**Finance**<br>Bank charges<br>Total resources expended<br>**Net income**|31.3.23<br>£<br>**96,987**<br>**11,826**<br>**108,813**<br>**108,813**<br>**1,323**<br>**637**<br>**11,255**<br>**35,000**<br>**-**<br>**6,000**<br>**54,215**<br>**50**<br>**54,265**<br>**54,548**|31.3.22<br>£<br>47,272<br>10,618|
|---|---|---|
|||57,890|
|||57,890<br>1,260<br>1,266<br>4,300<br>35,000<br>1,340<br>-|
|||43,166<br>50|
|||43,216|
|||14,674|



This page does not form part of the statutory financial statements 

Page 10