Charity registration number.. 1200738 THE (DAYALBAGH) RADHASOAMI SATSANG ASSOCIATION OF EUROPE PROPERTY HOLDING CIO TRUSTEES. REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
The {Dayalbagh) Radhasoami Satsang Assoclation of Europe Property Holdlng CIO Contents Reference and Administrative Detalls Trustees. Report 2-3 Independent Examinerfs Report Stom¢nl of Flnan¢ial A¢ttvlties ststemenl of Financl81 Position Notes to the Fln•n¢fral Sl•m•rts
Tho (Dayalbaghl Radhasoami Satsang Assoclation of Europe Property Holdlng CIO Reler•nc• and Admlnlstratfvo Dotalls For The Year Ended 31 March 2025 TTU$t•es DT Shri Gautan- Chair Mr Suresh Kapoor Dr Bhaskar Salsangi Mr Mahesh Ohry Mr Swami Panchagnulo Dr Anand Srivastav Mr Devinder Shamia Mr Dayal S8ini Dr Anubhav Srwastav Mr Francois Dulondel Mr Neeraj Chopra Mr Mehan (resigned 28105f20241 Charity Number 1200738 Prlnclpal Addres¥ Stokenchurch Mèthodist Church The Commons Stokenchurch Buckinghamshire HP14 3TZ Ind•p•nd•nt Examiner Sandip Kumar Pinnacle Ac¢ountanls Chartered Certified Accountants & Registered Auditors 32 De Montfort Street Leicester Leicestershire LE17GD Page 1
The (Dayalbagh} Radhasoami Satsang Association of EuTOP8 Proporty Holding CIO Trustees. Report For The Year Ended 31 March 2025 The I¥u8tees present their report and the financial statements for the year ended 31 March 2025. Objertlves and A¢tlvltles Alms and Objoctlv The DAYALBAGHI RADHASOAMI SATSANG ASSOCIATION OF EUROPE PROPERTY HOLDING CIO was registered on 191h Oclober 2022 to advanced the Radhosoami faith for the benefrt of the public to relieve needs arising as a result of financial hardships, sickne35, old age or youth advanced the Radhasoami faith for Ihe benefrt of the public and in particular by providing facilities propogalion of Radhasoami faith and to disseminate ils texhings: making arrangement for the holdiThJ of satsang and celebr*ions of bhandaras (congregational feasts) thmiJuh¢Jirt IhÈ aa ol ooeration of the 8ssoeiation: triliigs ds fiiag tse lor Ihe ol ral&iQU& Kleals and SthlGa ts manknnd arth)unt Ihg PL¢b.¢ at lar9e. Publlc 8en•fit Tho charity arranged Satsang (Hoty PTayers} for its followers. Charity also pmwdè culturaj actltleS for chldren, quiz programme and celebrations of spècial religiou$ and ¢ultur81 ovents. The trustees C¢)nfimi that they have complled wllh the requiomerts of Secth)n 17 of the Charities Act 2011 to have due regard lo the Charfty Commission's guhlance on publlc benefft. Achiovements and PerformanGe Maln Achlevement8 Thg Annual rgluTn to the Charity Commission was submittgd for financial year 2024f25, cornprising of the Annual Accounts and the Annual Report. The Revised Budget for financial year 2024125 & Proposed Budg•l for 2025126 were passed. The CIO in collaboration with DRSAE held an Open Day on 8 June 2024 al Stokenchurch Satsang Ghar. 11 provided members from the local community wth an opportunity to leam Obout the Ra Dha Sva Aa Mi Faith and Salsang Culture. The CIO in collaboration with DRSAE held a Region81 Meeting I'zonal Satsang,) in line and physKal mode on 13 Juty 2024. Updates were provided on DRSAE Property Holding CIO. Education Day wa$ celgbralod on 1 January 2025 where some Trustees of DRASE Property Holdings CIO joined in hymn recrtalion in the Fields during the prograrnme held al Headquarters in Dayalbagh, Agra, India. The Chairperson participatsd in the Panel Discussion * the 6th Winter Session of Dayalbagh Science of Consciousness held on 1 January 2025 at Dayalbagh, Agra, India. Roof and Gutter Tepairs were carried out at stokenchurch Prayer Hall lolaSing £7,356. The conseNatory roof al 8imingham Prayer Hall wo$ replaced at a cost of £8.581 An adjoining wall to the conseryatory roof at Bimingham Prayer Hall whi¢h had been water4amaggd was novated at o cost of £1,21)0. Technica1 work on surge proledionAightning proleclion at Bensheim Prayer H811 was completed at a cost of£1.283. Other minor Mainl&na itoms wete caThd out, specificalty, service and replacement of parts forlhe Gas Boiler at Birmingham Prayer Hall #nd repair lo a water damaged extemal wall at stokenchurch Prayer Hall. Total cost of bvot1(s wa8 £954. Change in Membership - Mr. Jag Mohan Mehan, Trustee, DRSAE Property Holding CIO. pa88ed away on 28 May 2024. Page 2
Thg (Dayalbagh) Radhasoami Satsang Association of Europo Propgrty Holding CIO Tru5tee$' Report lcontlnuedl For The Year Ended 31 March 2026 FlnanGlal RoViOW R•$er¥es Pollcy 11 is the policy of the charity that unrestricted fund8 which have not been designated for a Specific usè should be maintained at a kvel equivalent to befvn three and six rnonth's expenditure. Tho trustèes eonsider that Teserves at this level will ensure that, in the event of a $ignffic8nt drop in funding, they will be ab lo ¢tinUe the tharity's current activities while consideration is given lo ways in which additional fund8 may be raised. This level of reseNes has been mgintained throughout the Period. stTUCturo, Govgrnancè and Managoment Govfjmtrng Document The charity is a operatiNd as CIO. The charity was registered on 19 October 2022. Statgrnent of Trustees. R•gponsibilitiOS The Iruslees are responsible for preparing the Twslees. Report and the fin8nci818latements in ordanCe with applicable law and Unrted "ngdoM Accounting Standards (United Kingdom Generaly Aepted Accounling Practice). The law applicab to charities in England and Wales requires th& trustee$ to prepare financi81 statements for eh financial year which give a true and fair view of the slal8 of affairs of the charty and of the incoming resour¢es and applulion of reSoUe9 of the charfly forthal perK. In preparing the financial statemgnls the trusl8e$ are required select Suitable accounting wlicies and then apply them consistently. obseNe the methods and principles in the Charity SORP.. • fflakejudgmenls and accounting estimates that ar& Teasonable and pnjdent,. aTr prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business. The Iruslees are responsible for keeping adequate accounting reco$ whiGh di$closè wlh reasonablo accuracy at anytime the financial position of the charity and lo enable them lo ensure that the accounts compty with the Charities Act 2011, the Charity (Account$ and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the chaity and hence for taking reasonable stsps for the prevention and detection of fraud and other irregularities. The Iru8lee8 are rfjsponsiblg for the rnaintenance and intfjgrity of the torporate and financial information included on the charity'$ website. Legislation in th8 Unrted Kingdom governing the preparation and dL88errMnalion of financial stalemenls may differ from legislation in otherjurisdictions. The twstees, report was approvad by the board of tNstees and signed on tts behalf by.. Dr Shri Gautsm Mr Suwsh Kapoor Trustee 3 October 2025 Trustee Page 3
Th? (Dayalbagh) Radhasoaml Satsang Assoclation of Eurow Prop•rty Holding CIO Indgp•ndont Examingr's Roport to the Tru$tg93 of The IDayalbaghl RadhaamI Satsang Assoclatlon of Europe Property Holdlng CIO For Th• Year Endod 31 March 2026 I report to the trustees on my eXaMSnaon of the accounts of The {Dayalbagh} RadharnI Satsang Assoeialion of Europe PToperty Holding CIO (the Trust) for the yeai ended 31 March 2025. Respontsibilities and Basis of Roport AS the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the reguirements of the Charthes Act 2011 ('th8 Acl'l. I report in respect of my examination of the TrLtsVs accounts Carried out under section 145 of the 2011 Act and in carying out my examination, I have followed the applicable Directions given by the Charity Commission under Sedion 1451511bl of the ACL I heve compkoled rny exvmin8lK)n I that no m8terig1 metters hgv• to •tt•nlkJn In e1)nned wrth the examination 9rving me cause to believe inat In any maienai respect.. 1. accounting records were nol kept in respect of the Trust as required by section 130 of the Act., or 2. the accounts do not accord w((h those records,. or 3. the accounts do not compty with the applicable requirements n¢eMing the fomi and Contents of accounts set out in the Charities {Accounl8 and Reportsl Regulations 2008 other than any requirement that the accounts give a Irue and fair view which is not a mattof considered as part of an independent examination. I have no concerns and have come across no other matters in conneclion with the examination to which attention should be drawn in this report in order to gnable a proper un¢Jerstanding of the acunIS lo be reached. ndip Kumar 3 October 2025 Pinna¢le A¢eountants Chartered Certrfied A¢countsnts & Regi*gred AudiloTS 32 De Montfort Street Lgicester Le1Sterslre LE17GD Page 4
The {Dayalbagh) Radhasoaml Satsang Assoclatlon of Europo Proporty Holding CIO Statement of Financlal Aetlvities For The Year Ended 31 March 2025 31 Mah 2025 31 March 2024 Unrestrlcted Unrestrict funds funds INCOME AND ENDOWMENTS FROM: Donations and legacies Invgstm8nts 30,000 2.211 852,000 32.211 8S2,000 EXPENDiniRE ON: Raising funds NET INCOME {21,6441 10,567 852,000 NET MOVEMENT IN FUNDS RECONCILIATION OF FUNDS: Total funds brought forward TOTAL FUNDS CARRIED FORWARD 10,567 852.000 852,000 10 862,567 852.000 The notes on p4e$ 7 to 12 fom part of these financlal slatemenls. Page 5
The {Dayalbaghl Radha$oaml Satsang Assoclatlon of Europe Property Holdlng CIO statemont of Flnanclal Posltlon As At 31 March 2025 31 Mah 31 March 2025 2024 Unrestrlcted Total funds funds FIXED ASSETS Tangible As59t$ 787,000 787,OC 787,000 787,OC CURRENT ASSETS ash at bank and in hand 75,567 65,OC#) 757 85.000 •JFT V.IJP_RFNT ASSETS 11 T8. ! 7". 567 65,000 TOTAL ASSETS LESS CURRENT UABILITIES 862.567 852.000 NET ASSETS 862,567 852.000 FUNDS OF THE CHARITY unreStted Fund8 862.567 852,000 TOTAL FUNDS 10 862.567 852.000 On behaw of the board Dr Shri Gautam Mr Suresh Kapoor Trustee 3 Odober 2025 Trustee The notes on pages 7 to 12 fomi part of these financial statements. Page 8
Tho {Dayalbaghl Radhasoaml Satsang A$SlatIOn of Europ• Property Holding CIO Notos lo the Fin•ncial Statements For Thè Year Ended 31 March 2025 Genèral Inforniatlon The IOayalbagh} Radhasoami Sal$ang Assoelatlon of Europe Prop8rty Holding CIO is 8 Charilab inCoTpSed organisation registered with th8 Charity Commission, registered charity number 1200738. The principal address is Stokenchurch Molhodi$t Church. The Common¥, Stokenchurth. Buckinghamshire, HP14 3TZ. Statsment of Complianc• The financial StatentS have been prep1 in accordance with the Charities SORP IFRS 102) "Accounting and Reporting by Charities.. Slalemenl of Recommended Practice applicable to eharlties preparing their ounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102 (effective 1 January 2019}" Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ir8land" and the Charf(ies Act 2011. A¢¢ounting Pollclos 3.1. Basls of Proparation of Financial Statements The financial stalemgnts have be prepafed under the histori1 c05t convention. The charity is a Public 8enefrt Entity as defin by FRS 102. The financial statements are prepared in steding, which is the funclional curren¢y of the charity. Monetary amunts in Ihg¥e finla1 statements are rounded lo the nearest £. 3.2. Golng Con¢em Disclosur• The trustees have not idenlffied any matelial uneertainlies related lo events or conditions that may Gasl Significant doubt about the chanty's ablllty lo continue as a going GonGern. 3.3. Fund Accountlng Unreslrict8d funds can bo used in accordance with the charitable oblect6ve8 al the discretion of the tru8168s. Designatod funds comprise unrestricted funds that have been set aslde by the Iruslees fc a spe¢K Purp¢e. Restricted funds are to be used for specffK purposes as lard down by Ihe donor. Further explan*ion of the rwture and purpose of each lund 18 included in the notes to the financial statements. 3.4. Incomlng Resources Income is recognised when the charity Is leg811y enlitlgd to rt after any perfomian¢e conditions have been mel, the amounts ¢an be measured lIablY, and rt 18 probable Ih8t income will be received. Cash donatn$ ar¢ wOgnis on receipt. Olhgr donations are reniSed once the charty has been notrfied of the donation, unless performance eondffions require deferral of the amount. Income lax rècoverable in relation lo donations receive(l under Gift Aid or deeds of covenant is recognised at the lime of the donation. Legacies are recognised on receipt or otherwse rf the tharity has been notrfied of an impending distribution, tho amount is kn¢>•Yn. and rft1pt is eypected. If the amount 1$ not known. the legacy is treat as contingent 8sseL Page 7
The IDayal>agh} Radhasoami Satsang Association of Europo Proporty Holdlng CIO Notes to the Flnancial Statements <continuedl For The Ygar Endod 31 March 2025 3.5. Re50UTces Exp•nd•d Expenditure IS Tecognised once there is a gaI or constwctwe obligation lo transfer enOMiC b8nefft to a third paty, it 15 probable that a transfer of e¢onomic beneffts will be required in settlem8nl, and the amount of the obligation can be measured liablY. Expenditure is classffied by aclivty. The costs of each actiwty are made up of the total of direct costs and shared costs. including support cost$ inVoted in undertaking each &tiMty. Diré¢t ¢osts attributable to single aclivty are allocalod direclty to that acliwty. Shared costs which contribute to more than on8 activity and support costs which are not attributable to a single activty are apportioned beeen those xtivities on a basis consistent wth Ihg use of resources. Central stsff costs are allocated on the basis of time spent. and depreciation charges aro alloratgd on the porti¢)n ofthe asset's use. 1.6. Tanolbl• Fix•d Assets ond Dgpro¢latlon T&ngible thxell aJsets are m8a$tsf¢¢ gt CO¥1 kss &cums]laled depr•cAIiDn arKI any owumulat•d IrTpairrr Oeoierkalion 1$ nro4idptt at T8les caku13-.ed lo write the c05t of Iho fix•J awtfr. IM• Ihw estimalad resKlual value, wr their expected useful Iwes on the following baw.. Freehold not dopre¢6ated 3.7. Investment Properties All investmenl prope"e$ are carried at fair value deternined annualty and derived from the ¢urrenl market rents investment property yield8 for comparable real estate, adjusted rf necessary for any difference in the nature. location or Condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the Stslement of financial activities. 3.8. Leaslng and Hlre Purchaso Contr4¢ts Assets obtained ijnder finance leases are eapitalised 4$ tangible fixed assets. Assels acquired under finance leases are depreuated over the shorter of the lease lem and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those Whe substantially all of the benefits and risks of ownership are assumed by the Gharily. Obligations under such agreements are included in the crèdrtors not of the finance charge allocated lo future peri¢xls. Th¢ finance elgment of the rental paymnt 18 charged to the statement of financial activities so as to produce a constant penodic rate of charge on the net obligation outstanding in e8¢h period. Rentals applicable lo operating lea8es where SLEbstantially all of the beneffils arnl risks of ownership remain with the lessor are tharged to the statement offinanclal activities as incurred. 3.9. Stocks and Work in Progf95S Stocks and woth in progress are Valu at the lower of cost and nel reali8able value after making due allowan¢e for obsolete and slowvmoving sltxks. Cost 1$ delomiine<l using the first-in, fir5twouI method. Cost includes all direct costs and an appropriate proportion of fixed and variabla overheads. Work in progress is refiécted in th8 accounts on a contract by contract basis by rectyding tumover and related costs as contracl aclivity progosses. At the end of each reporting period stocks are assessed for irrwirmenl. If an item of slock is impaired. the JerFtrfred stock 1$ rgduced to its selling price le88 costs to Mplete and sell and an inpairment charge is cognised in Ihe statement of financial adThif(ios. Whero a reversal of the Impalmnt is required the impainnent charge is reversed, up to the original Impairment loss. and is racognwd as a credit in the statement of financial actiwlies. Page 8
The IDay•lbaghl Radhasoaml Satsang Associatlon of Europe Prop•rty Holdlng CIO Notes to tho Financlal Statements (continued) For The Y•ar Ended 31 March 2025 3.10. Cash and Cash Equlvalgnts Cash and cash equivalents ale basic finan¢ial a$sels and Include cash in hand and deposits held al call wrth bank$, other short-lerm highly liquid investments that mature in no more than three months from the date of acquisftion and are readity convertible to a known amount of cash with insignfficanl risk of Ghange in value, and bank overdrafts. 3.11. Foreign Currencies onetary assets and liabilities in foreign currencies are translated into sterting al the rates of exchange ruling at the statement of financial posrtion date. Transactions in foreign curren¢ies are translated into sterling at the rate ruling on the date of th8 transaction. Exchange differences are taken into account in arriving at th8 operating surplu$. 3.12. Taxatlon The charity is exempl from lax as all its income 1$ charitable and applied for charit8ble purposes. 3.13. Provl$lon$ and Contlngen¢i•s Provlslons Provlsions are rwnised when the charity has a pr8$ent lègal or ¢onslructNe obligation ag a result of past events,. it is probable that an oufflow of reurceS will be required to settle the obligation,. and the amount of the obligation can be estimated reliabty. 14lhere there are a number of Similar obligations, the likelih¢)c¢J that an outllow will be required in setllement 18 detemined by considering the class of obligations as a whole. A provision is recognised even rf thg likelihood of an ouffic)w wilh respect to any one item induded in th& same class of obligations may be small. Provisions are measured al the present value of the expenditures exp8Cted to be required to sattle the obligation using a pr&tax ratg that refleets current market ass8ssments of the kn'me value of money and the risks specific to the oblyation. The increase in th8 proviSn due to passage of lime is rQgnIsed as a finance Cost. ¢ontlnggncl8s Contingent liabilities not recognised. Conlingenl liabilities arise a$ a resuA of past events when lil It Is not probable that there wll be an oufflow of resources or that the amount Cannot be reliabty measured al the reporting date or {ii} when the existence will be confirmed by the CurrenCe or nonwoccurrence of uncertain firture events nol wholty within th8 charity's control. Conlingenl liabilities are disclosed in the financial statèments unless thg probability of an outflow of re$ource5 is remote. Contingent assets are not recognised. Contingent assets are discloged in the financk415tstement$ when an inflow of economic benefits is probable. 3.14. Employ0• 8enellts The costs of short-lemi employee beneffts are regnIsed a$ 8 liability and an expense. unless tho$e costs are required to be recognised as part of the c081 of stock of fixed assets. The ctssl of any unused holiday entitlement is recognised in the period in whth the employèe's SeIce$ are received. Termination beneffts are fecognisgd Immediate ag an expense when the charity is demonslra)ly committed to lerminale the employment of an èmployee or to provide ternination benefits. Page 9
The IDayalbaghl Radhasoami Satsang A$$o¢iation of Europe Property Holding CIO Notes to the Financial Statements {continuedl For Thè Year Endod 31 March 2025 3.15. Governmenl Grant Govemment grants are recognised in the statement of financial activities in an appropriate manner that lches them with th6 expendrture towards which they are intended to Contribute. Grants for imm8dial8 financial 5UPPOrt or to cover costs already incurred are reccbjnised immediately in the statement of financial actmlies. Grants towards general aclNities of the entity over a specrfic period are recOgned in the statement of financial activities over that period. Grants towards fixed assets are recognised over the expected useful lives of the related assets and are tre*ed as deferred income and reteased to the statement of financial aGlivities over the useful lrfe of the s$set concemed. All orants in th8 Statement of financial aclNilios are rocognised when al conditions for T9C8ipI hav8 begn Compl wrth 4. In¢om? from Donatlons •nd L•9acI•B 31 March 2026 31 March 2024 Unr8stri¢t#d Unrestriet•d funds fvnds Donations and gifts". Donations 8nd gifts 30,000 852,000 Inv8stm•nt Intomè 31 March 2025 31 March 2024 UnrestrIct Unr•strf¢tsd nds fund8 Bank Inlorest e1Vabl@ 2,211 6. AnJty$is of Expenditure 31 Mar¢h 2025 Support costs {sea note 7) Ralsing fvnds 21.644 Page 10
The (Dayalbaghl Radhasoaml Satsang Association of Europe Property Holding CIO Note$ to the Flnanclal Statements IcontInu> For The Year Ended 31 March 2026 7. Support Co#ts 31 Mar¢h 2025 Raising funds Promises •xpenses'. Repairs and maintenance Prernises insurance 19.895 1,749 21,644 8. Avorage NuMr ol Employges Average number ofempkjyees durir£ the year wa8.. 1212024.. 121 Tangibl• Assets Land & Prop&rty Froohold Cost As al 1 April 2024 As al 31 March 2025 787,000 787.000 Net Book Value As at 31 March 2025 787,000 As al 1 April 2024 787,000 10. Movem?nt in Funds As at 1 April 2024 Asat31 Expendlturo March 2025 Income Unrestricted funds Genera.. General unrestrKted fur*J 852,000 32,211 121.644) 2.567 Totsl funds 852,000 32,211 {21,644} 862.567 Page 11
The {Dayalbayhl Radhasoaml Satsang Assoclation of Europe Propèrty Holding CIO Notss to the Financial Statements (¢ontinued} For The Year Ended 31 March 2025 Asat19 O¢tobof 2022 Asat31 March 2024 Incom• Unrestricted funds General.. Genernl unrestricted fund 852,000 852.000 T¢)tal fund8 852,000 852,000 11. TTan81Ctlon$ wlth Tru8te•s None of thg Iru$te8s received any remuneratson or ary omer pene¥$ rom an ernpiDymeni wiiii" iii¥ rIrILY UI related entlty durfng the current or prevlous year. No trustee expenses have been incurred. 12. R8lalgd Party Disclosurns There have been no related ptY transact$ in the reporting period that require disdosure. Page 12