¢hartty regl$trailon numb•r 1200738 THE (DAYALBAGH) RADHASOAMI SATSANG ASSOCIATION ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2024 THE {DAYALBAGH) RADHASOAMI SATSANG ASSOCIATION LEGAL AND ADMINISTRATIVE INFORMATION Dr S Gautarn MTMOhry Mrs K Kapoot DrASrivastav MrA Sriva5tava Mr S P8nd)agnula Or B Satsarrf IAr F Dubndel Mr D Sharma Mr N K Chopra Mts D D Sa5nl MrJ M Mehan IAppoint8d 19 OCto￿r 20221 (Appointe# 19 OctotEr 20221 (Appointed 19 October 20221 (Appolntsd 19 October 2D221 (Appointed 19 October 20221 (Apwinled 19 O¢tober 20221 (Appointed 19 Ortober 2(r221 (Appointed 19 OctrJber 2022. (Appointed 19 October 20221 (Appointed 19 Octob8120221 (Appolnted 19 Octobw 20221 (Appointed 19 October20221 Charlty numb•r 12CKIrn Principal o)nvey8d by way gf glft from DRSAE l¢haTty no 11133271 kn The IDay&lbaghl Radhasoarni Satsang AsS￿lation of Europe Progerty Holding CIO l¢harity no 12007381 F¢bnsary2024. Financlal reviEW R•seNe$pdl¢y It is th¢ kK)licy of the chBrity th8t unr•stfbcted funds which have been designa￿ for a 8peeth¢ usè should bè maintained at a level 0quNa￿nt to betsveen three and six rrrf>rth's oxpgnthturo. The trustees conswJEr that res8Nes l this bvel will gnsure that. In Ihe gvent of a sKJnthant drop in fundlt)g. they WMI be abk to continue the charitys currettt activities consideration is given to ways In which additionel fvnds may be rBi58d. 18v81 of r8ser¥ h 5 been maintssn8d throwJhoul tho Perlod. Structure, governance and mnagemw The charity is a oper8bn9 85 CIO The trustees ¥Yho 8eNed during the Perlod and up to the date of8wJnalure of the fin8nrA813ta1en￿nts were.. Dr S Gautsm IAppoint¢d 19 O¢lober 20221 Mrmohry (Appointed 19 Odob?r 20221 rSKKapc {￿P)inted 19 October 2022) DrA Srivastav {Apwintfjd 19 Odober 20221 MrA&wastsv (Appoin￿ 19 October 20221 Mr S Panchagru (Apwinbd 19 October 20221 Dr B Satsangi (Appointed 19 October20221 Mr F Dulondgl (App)Inted 19 October 20221 Mr D Sharma (Appointed ig Odober 20221 Mr N K ChtsprJ (Appointed 19 October 20221 Mrs D D Sainl IApFontsd 19 October 2022) Mr J M Mèhan (Appolnted 19 October 2022) Reenjltmentandappolntment of tkvsta8s THE (DAYALBAGH) RADHASOAMI SATSANG ASSOCIATION TRUSTEES REPORT (CONTINUED) FOR THE PERIOD ENDED 31 MARCH 2024 The companys cur￿nt policy wn¢erning the paymont of Ifad& c¥8dkor5 is lo follow CBI s Prompt Pay8rs Code (copies are avallablè from the CBI. Centre Point, 103 New Oxtord Str*eL Lan(lon WC1A 10VI. The companl5 CUFrent poltcy trJnc4mlng the payrn8nt4Jf trède CFeditors ts to.. setha the terrns of payrnent with suppH¢B when agreeing the terms of transaction; ensure that suppliers are made aware of Ihe lerrns of payrnent by indu5Ton 0% Ihe ￿levant le￿n8 in and pay in KWfdarJL* wRh the companys corstractual and other le￿[ 0￿￿tIonS. Owlsatth81 struGtWg Dr S Gautarn- Chairperson Mrmohry Plr S K Kapoor nrA Srivgstav Mr S Panchagnu Mr F Dulondel Mr D Sharma Mr N K Chopra MrsDDS81 Mr J M M8han Th8 tNsts6s rèport was apprt)ved by the Boarf olTruslee5. Mr S K KapryJr D8te.' THE (DAYALBAGH) RADHASOAMI SATSANG ASSOCIATION INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE IDAYALBAGH) RADHASOAMI SATSANG ASSOCIATION I rekYJrt to the tNsteès on my examination of Ihg finan¢ial statements of THE (DAYALBAGHI RADHASOAMI SATSANGASSOCtATION (the charity) lor the Peri(J¢J ended 31 Mar¢h 2024. Respons1t￿litIeS and bas18 of report As Ihe trustses of the charty you are responsible for preparal¥Jn of the financlal statements In accordance wllh th• requifomerts of ttre Chatiti8sAct 2011 (the 2011 Act). l report in re5peEt of my examination of the charity's finaneAal 6tstsm8nts carried under section 145 of the 2011 Act. In caryng rry 0xan¥na￿On I hav8 kslbwed all Iho 3ppli¢able Direcfjon¥ by lh8 Charty Commission under secifDn 145{Sllb} of the 2011 Act. Ind•pend•nt •x•mln•rfg statement Slnce the chariws gross Inco￿ exceeded £250,000 Y￿ exami7wr must be 8 m8mb8r ot a body Ikthd in 5ectti?n 145 of (he 2011 Ad. I confiym thal l arft qualifletj to undgrtake thg examinatitm becaus? l am a membw of k¥(Kiafion ofchartered Certif*d Aecountsnts, whith ￿ one ol the listed bodies. Y ur 8ttentron T$ drywn to the fact that the chaiity has pr¥¢red ffnandal gt81em8nts In 8c¢ordaftce wSth Ae¢ounOrwJ and R•portbng by Charthes pr8p¥thg Iholr ac¥ounts In ac￿rdan￿ wtrth the Finanryal Reporbng Slandard applicable In the UK and Republic ol IreLqnd IFRS 1021 w preference to the A¢¢ounfjng 8nd Reporting by Charftl8s= ststsment of R8tomm8nd•d practi￿ issued on 1 Apnl 2005 1$ rtrfèlrnd to wi tho extant regulotwjns but has und8rstsnd Ihat this has baèn done In order forfinancial ststements to prO￿lde a and fair view w) •¢o)rdance wlih Generalfy A¢CepredAecO￿)l$ng PTaGic8 effective for rtportlng periots boglnnlng on or 8ft¢r 1 Jaftuary 2015. I have cr>mp*d my ex8minabon. I that no matters have come to rny aitention In cotiftectlon wth the examination m• rause lo be148¥8 that in any matèrial r8spèct'. a¢c¢unftro r•u*rds ware nol kept in respect of the charity as r8quired by ¥ecttiJn 130 of 2011 Act,. the financtal stat8mer*ts do not aCC￿r& wtth those records,. or the finan¢ial stalwnents do not cx)mpty the applicab￿ r•quir&mènts wnc8ming Ihe fom) and contènt ot acojursts sel oul h the Chalti8s IALrounts arKI Reportsl Reguktion$ 2008 olher than any r8quiTement thal thè accounts giv8 8 true and falrviewwhich 18 not a matter o)n3ldwed as p8rt of an independent examination. I hav8 no cor￿M$ and havo *¢ros5 no othgr Matt￿ In COnn￿t*)n vrith the examlnalon to wNeh attenvon Shots￿ be vm In thls r8port in order lo enable a Proper understanding of the finandal slatsments to be reached. Plnna¢le Accountants 32 De Montfort Street Leicester Lektsteyshire LE1 7GD United KlryJdom al8d.' THE (DAYALBAGH) RADHASOAMI SATSANG ASSOCIATION STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDrruRE ACCOUNT FOR THE PERIOD ENDED 31 MARCH 2024 Unrestricted funds 2024 Ineom& trom: DonÉJons and1gga&s 852,000 Total In¢ome 852,000 N•t Incomp a￿1 movement In lunds 852,000 Reroncili•tloti ol lund¥: baanoes al 18 rIC￿￿r202? Fund balaTh¢¢s •131 Mtt¢h 2024 852.000 The statement of fjnandal actlvrtles IncluJtr& 41 gatns ond k)￿9 r￿t58d In Iho P•rtLMI. All Income and axpenditure deriv¥ InNn ¢ontinuiThJ a£l¥vits8. THE (DAYALBAGH) RADHASOAMI SATSANG ASSOCIATION BALANCE SHEET AS AT 31 MARCH 2024 2024 FI￿￿ ass•ts Tangible 89sets 787,000 Current ass•ts Cash al bank 4rLd in ha￿1 65,000 Il¢t eurrÈnt ass•ts 65,000 Totsl as59ts l•*$ euff•nt Ilabllltles 852,0(30 Net 8880ts excludthg p•nsioft Ilablltty 852.000 Th&lundB ofth6 chaTIty Unrestricled funds 852,000 852,(100 Zd2< The financlal8l•tsm¢fits wer8 appro￿rt ty tha tNst8e8 on....2 2 Ji ...... . Mr S Kl(apoor Tru8te* THE (DAYALBAGH) RADHASOAMI SATSANG ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2024 Ac¢OUn￿￿9 pollcles Ch•iity infomiation THE {DAYAL8AGHI RADHASOAMI SATh8ANG ASSOCIATION Lg a CIO- FOUNDAMON Registered 19 0 2022. 1.1 A¢¢ounllng convenllon The financial stalernent5 have been wepafed in accordan￿ the charity's tgoveming (loeumentl, the Ch*the5 Act 2011. FRS 102 Tr Flnan¢ial Rèlortlng Standard appli¢8blo in UK and Republic ol Irelan I'FRS 102.1 and the Charitss SORP 'knuntlng and RÈportlrKJ by charit￿s: Slatemerf of Recommended Pr8ctirE applicab￿ to ch•Tibe5 preparing thew accounts in aLtordance wfth the Yinanoal Reporting Standard In the UK and Rapubilc ol IreLand IFFLS 102). l*ffethve 1 January 20191, Thé d)grfty is a Public bengfft Entity as der￿ed by FRS 102. lh¢ charlty h•B laken f•Jv* of th• r, tho SORP ¢hariiw ts)i lo prèp￿ 8 Sletgmont ol Cash Fkxys. The financial slatemfjnts have departed from thè Chari>e5 IA¢counts and Reports) RegU￿tionS 200B to tho extent requir•d to provid8 8 twe and fair v￿w. Thls d8partur& has invoh8d folbwing the Statement of Rttommended Pradtce for charitss applwng FRS 102 rather than tha V8Fsion of the StBterwit of Recommended pfdctica which b rèfarr8d to in the Regulaliom bul whKh has Sin¢8 been willKlrawn. Thg fnancFal statements ar8 preparèd i) starfnig. whioh Is the funcuonal cajrrepcy of th8 d￿dty. Monetary amounts in these finandal st*monts are rounded to thè nearest £. Th& lknaftcial statemants have b￿n prEpared under thg historlcal cost corwenlton. The ￿ncipal 8¢covn￿l ptslic*es adopled aT• set out bdow. 12 Golftg eoncem At the time of gpproving th8 fitianclal statements. the trusle#s h8ve 8 rea80n8bb 8Xpecta￿or1 that th& charfty has wjequate resour¢es to o)nttnu8 In operellon81 exL8tence for th$ lore?ee8ble fvrturtr. Thus the trusleeg L¥)ntinue to adopt th8 gciTrJ concem basi5 of 8c&Juntlng in proparfng the fin8nt181staE8ments. 13 Charltablo lund5 Unrothcted arp a¥aikblo for at tha di5cretivn af the tDJslees In furth6Tane• ol th6lr charilablè c)b￿￿&S. Restrkled ftjnds ar6 subj•ct to spe¢ffic eonthttons by dC￿orS or grantNs ys to how tt￿Y moy be used. The purpDse5 and uses of the festrictBd ftjnds are set out in the notes to the fin8ncial slalements. EwJowm8nt lunds 8￿ S￿￿ett to spedfic condttkjns by donoTS Ihat the capital musl be maintsined by the IA Incorne InLThie is recognised *then the chanly is legally entlved lo it after any p8rfom7an¢o conditions have bwi met. th6 amounts ran ba measurad reliabty, and It 15 probable that inoome wlll be received. Cash dgnaiion8 a￿ re¢Dgnised on receipt. Other donalons affj recognised oncz the charity has beèn noti￿3 of tbe donation ynless performan￿ cnnd*tions raquirè delorral of th8 arnounl. IncA)me tax ￿0)Verable In relBlbn to donath0￿ receNed und¢r Gff(AKI ordeed¥ of covenant is reeojnssed atthe ol the don8tiort. Legacies are recogrslg8d on rèctlpl or oblwise If the Ghathty has been llo￿￿•d of on imp8nrSlng distribuuon, the amunt Is kncAvn, and I￿pt 58 8xpe¢lgd. If th• amount Is not known, the lega¢y is ITe8ted as a cantingent asset. THE (DAYALBAGH) RADHASOAMI SATSANG ASSOCIATION NOTES TO THE FINANCIAL STATEMEiifs (CONTINUED) I JR THE PERIOD ENDED 31 MARCH 2024 A￿O￿nI1￿ P011cles (Condnu￿l 1.5 Expendllu Exwditure ￿ rg(xJgnl88d once Ih8rè h 8 bgal or constructive obl¢gotion to trartfer benefft to a third party, it is probabb th8t a transfer ol economi¢ btsn￿ts ￿11 b& fwutfad in sethement, and Amount of the obliga￿n c8n be maasured reltabty. Exp8ndibJre IB dasstm by ack'vity. The costs of each activty arn made up of th& IDtsI of dI￿t L)xts and sha￿d costs, induding support costs invoh¢d In undert8klng èa¢h acti￿ty. Direol o)sts attn"btstable to a Single actity are allocaled dredty to that ac1￿ty. Shared o)sts whith contribjto to more Ihan actriity and support costs which ar8 Not atsib*Jtable to a single al￿VF￿ 8¥e 8ppDrtio￿￿ t*lween those activiti¢$ ￿ a ba￿S ¢onsistent wilh the use of resour¢￿. Central stafl costs are allocated on Ihè basis of frma spent, and d¥prackth)n charg8¥ aro allcoated on the portion of the ttssets use. 1.0 Tanglblè fL¥•d a8•0ts Tan9ible fixed assets are Inltialiy measured at cost PFXI subsequenty meas￿red at wst or valu¥tign, n¢t of dopRckglKffi any Imp8lTmenl tsses. Dèpreciathon is ￿Cc9n￿8ed so as ts) write off tho ¢¥)st or vaknation of absots te88 tsif volues over Ihe usefjjl lives on tha folb)vAn9 b8 FT¢ehotd land and nol deprecaatsj Th2 9aifror tJS8 arising on th¢ db¥M)s81 ofan asset 18 do￿rn￿￿•S as th• be￿88n1￿￿ 68fe prwds and the c8ryiryJ value ollhe assoL and 15 TerAwlsad in the statementol)In8ncial adrti•$.- 1.7 ImpalTm•nt gtftx•d assets Al each repLirting end date, Ihg (*8ffty r8vbws the carrytng amounts of Its tangSble ossets to determine whether thor8 i% any indication that Iho$8 have suTrerpd an irTWOffmgllt luss. If any such indKaknon axlsts. the recov?rabkn arT￿t (rf Ihe asset b e5tim?t8d in o¥der to deierrr*ne the exient of the impaimwnt loss Irf any). 1.8 Ca¥h and ¢8sh eqUI￿l￿nts C8sh 8nd eash equlva￿nts inetudè cash h hand, deFK)sts at with banks, 0￿r short4erni Ilquid investments with origlnal ma￿ri￿e8 of three monlhs c¥1oss. and bank ovwdraft8. Bank overdralts are shown wlthin borrowlngs In current liabilttièg. Bask flnjnohl o•s•ts ffinancd 85sets, whSd) Indude. deblors aTHi ra8h arttl bBnk balanw. ar8 initialty measured at tran88ction prico including transaction costs and are sut£equenttv carried ai amordsed cost sjsing ihe 8ffociNg interest methc*l unkn th8 aFrnng8ment consututes a fin8ndro traftsactsofi. wherÈ the transactson Is measured at the presBnt valua of the future receipL8 dlscounted * 8 mathet rate of interest. ￿nanCh￿l assets dassified as receN8b￿ within one year are rHJtarnE>rli5ed. Saslc flnandalllaèilihs Bas￿ flnanoal Ilabllities. irdu¢thng Gr8dMors and bar* are Initlatty rec*)Jnlsed al transaction price un￿5 tho arrangement cDn8tituWs 8 tlnanoing transg¢tion, wt*rg the debt tnsbwm8nt is masured at the Pfe8ent value of tho future payments disrx)untod al a market Fats of snlèmsl. Financd liabilitk*s classiffvd as payabl withtn on¥ ye&r pre not 8mortis•d. Debt InstrLtments 8r8 8ubs8quanUy carrkd atamorb.sed c05t. using the effectN6 Int8Test Tate metho(l. Trade credllors orn obllgations to pay for w)ts or Se￿1(￿8 that have boen oL4ulrod In Ihe ordlnary course tsf opèrètlons from suppfiers. Amounts payable are daSsI￿ as cutteftt liabilitiÈ5 if p#ym¢nt is duc within one year or ￿8s. W not, they pr8senled as non