**REGISTERED CHARITY NUMBER: 252726** 

## **SHREE SWAMINARAYAN SIDHANT SAJIVAN MANDAL (LONDON)** 

## **REPORT OF THE TRUSTEES AND** 

**AUDITED CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021** 

Albury Associates Limited Chartered Accountants & Statutory Auditor 2nd Floor, One Hobbs House, Harrovian Business Village Bessborough Road Harrow Middlesex HA1 3EX 



SHREE SWAMINARAYAN SIDHAMT SAJNAN
MANDAL (LONDON)
COMTENTS OF THE FINANCIAL STATEAIEiirs
FOR THE YEAR ENDED 31 DECEM8ER 2021
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**SHREE SWAMINARAYAN SIDHANT SAJIVAN MANDAL (LONDON)** 

## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2021** 

The trustees present their report with the financial statements of the charity for the year ended 31 December 2021. The trustees have adopted the provisions of 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). 

## **OBJECTIVES AND ACTIVITIES Summary of activities** 

The UK registered charity, Maninagar Shree Swaminarayan Gadi Sansthan - Shree Swaminarayan Sidhant Sajivan Mandal (SSSSM) London, is one of the UK centres of Maninagar Shree Swaminarayan Gadi Sansthan, the worldwide centre for spiritual, cultural and social progress. SSSSM operates under the name, Shree Swaminarayan Mandir Kingsbury - its de facto operational headquarters. Further information about the worldwide Organisation is found on www.SwaminarayanGadi.com. 

For the first half of 2021, major restrictions still had to be imposed due to the COVID-19 pandemic. The activities of the Mandir remained restricted for a large proportion of the year, and then were gradually resumed as the restrictions were lifted. For the first half of the year, activities were held where possible online, to align with the Mandal's objectives of promoting the Swaminarayan Faith, cultural and social development, physical, mental, emotional and spiritual health and well-being, and charitable causes. An overview of the activities and special events that took place during 2021, are given below, and more details are available from the website, www.SwaminarayanGadi.com/London 

## **Overview** 

The activities that were able to take place throughout the year included: 

**Educational:** For the majority of the year, Gujarati language classes took place online. **Spiritual:** For the majority of the year, religious education classes and scripture recitals, took place online. **Cultural:** For the majority of the year, classical music lessons, classical and contemporary dance classes took place online. **Social:** For the majority of the year, daily congregations took place online to sustain the sense of community. **Charity:** Food and essential items were collected and distributed to NHS trusts and local food banks, and blood donation sessions continued throughout the year. 

**Sports:** Sports activities gradually resumed in the latter part of the year, after the lockdown conditions eased. 

## **Special events of 2021** 

While the temple remained largely closed due to lockdown restrictions, a combination of a very limited number of physical events, coupled with online events, enabled the Mandal to continue to delivery its objectives. 

Throughout the year, assemblies took place online, which continued to engage members of all ages to enable them to gain an understanding of various aspects of the religion, philosophy and history, and retain their sense of community and identity. 

## **January** 

## **Shree Swaminarayan Mandir Kingsbury - First Hindu Temple Covid Vaccination Centre.** 

The Mandir community is extremely proud that in loving memory of our beloved Acharya Swamishree Maharaj, and under the inspiration of Acharya Shree Jitendriyapriyadasji Swamiji Maharaj, we became the first Mandir in Europe to open a Covid vaccination centre. Over 40,000 members of the general public were vaccinated in this centre. A large number of Mandir volunteers were involved in the set-up and running of this centre. Through this covid vaccination centre, the Indian and Asian community were encouraged to take up vaccines at a time when there was significant hesitancy in our community. 

Additionally, the Mandir raised substantial funds, which were used to establish vaccination centres, food banks and other initiatives in India - delivered to the front lines through the Mandirs of Maninagar Shree Swaminarayan Gadi Sansthan. This entire endeavour was dedicated in memory of Ved Ratna Acharya Swamishree Maharaj. 

## **Support to the NHS** 

Over 5000 hot meals were delivered to front line NHS staff by the Mandir at the height of the pandemic, and thousands of essential items were distributed to those in most acute need during the depth of the lockdown. 

## **February** 

The covid vaccination centre brought a lot of interest from the media and also prominent figures, who came to visit, including the Mayor of London Sadiq Khan, and NHS's Chief People Officer Prerana Issar. 

## **March and July** 

Blood donation sessions were held twice during the year. The need for blood donations was particularly acute during the pandemic, and so this essential activity was more important than ever. The session was also a fitting tribute to the late Acharya Swamishree Maharaj, whose charitable legacy remains strong through such initiatives. 

Page 1 



**SHREE SWAMINARAYAN SIDHANT SAJIVAN MANDAL (LONDON)** 

## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2021** 

## **March and July – continued** 

During May 2021, a request was received from Maninagar Shree Swaminarayan Gadi Sansthan, the umbrella organisation based in India, for a donation to support their endeavours to combat Covid-19 in a number of locations in India. On the back of this request, The Trustees organised a collection for this purpose and managed to raise £119,988 which was promptly donated. 

## **August** 

## **Remembrance Assembly for Acharya Swamishree Maharaj** 

Thursday 5th August 2021 marked precisely one year, since Ved Ratna Acharya Swamishree Maharaj departed from this Earth. At Shree Swaminarayan Mandir Kingsbury, a special evening of devotional music to reminisce about Acharya Swamishree Maharaj's divine life episodes and celebrate His truly profound legacy was held online. 

## **Seventh Anniversary Celebrations** 

One of the Mandal's most important occasions was the 7th Anniversary of Shree Swaminarayan Mandir Kingsbury, celebrated on Sunday 22nd August 2021. While the Mandir remained open all day for the community to come and have darshan of the Lord, the anniversary rituals and ceremony was largely viewed online. 

## **Shree Muktajeevan Swamibapa Pipe Band Launched Inaugural London Interfaith Run** 

The inaugural London Interfaith Fun Run took place on the August Bank Holiday (Monday 30th August) at the Stone X Stadium in Copthall, London. This event was supported by the Greater London Lieutenancy's Council on Faith and was attended by Sir Kenneth Olisa, Lord-Lieutenant of Greater London. 

## **November** 

## **Diwali and New Year** 

The Diwali and Hindu New Year festival was celebrated once again in-person, albeit in a much more controlled manner using a ticket booking system to prevent over-crowding. Members of the Mandal and the general public visited the Mandir for the Lord's darshan amidst a wonderful Annakut food offering placed before the Lord. 

## **Acharya Swamiji Maharaj's Inaugural Overseas Vicharan Commences in London** 

His Divine Holiness Acharya Shree Jitendriyapriya Swamiji Maharaj arrived in London on Saturday 20th November to commence His first overseas vicharan since taking the helm as Acharya of Shree Swaminarayan Gadi. 

## **December** 

## **Ved Ratna Acharya Swamishree Maharaj's Asthi Suman Visarjan** 

The rituals to scatter the divine Asthi Suman (divine ashes) of beloved Ved Ratna Acharya Swamishree Maharaj took place on Saturday 4 December 2021. Acharya Shree Jitendriyapriya Swamiji Maharaj performed the ceremonies and then scattered the divine ashes into the River Thames, in the same location of Richmond where the sacred ashes of Gurudev Swamibapa were also scattered in 1979. 

## **FINANCIAL REVIEW** 

## **Principal funding sources** 

Apart from the income generated by Donations, the principal funding sources for the Charity are currently by way of Darshan, Aarti, Thar, Diwali and Ankot. 

Charity's funds are being used in the short term for the running of the Temple activities, together with improving the facilities of the Temple, hence assisting in the furtherance of the Charity and supporting its key objectives. 

## **Transactions and Financial Position** 

The financial statements are set out on pages 6 to 14. The financial statements 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. As stated in the introduction to this report, the trustees consider the financial performance by the charity during the year to have been satisfactory. 

The Statement of Consolidated Financial Activities show net income for the year of £1,054,794 (2020: £767,415) the total reserves at the year-end stand at £26,791,485 (2020: £25,736,691). 

Page 2 



**SHREE SWAMINARAYAN SIDHANT SAJIVAN MANDAL (LONDON) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2021** 

## **FINANCIAL REVIEW** 

## **Reserves policy** 

The Trustees and Management Committee have established a policy whereby the unrestricted funds not committed or invested in tangible fixed assets ('free reserves') held by the charity should be between 9 to 12 months of the annual resources expended, this equates to approximately £250,000 in general funds: At this Ievel, the Trustees and Management Committee feel that they would be able to continue current activities of the charity, yet at the same time, establish contingency plans to ensure that the charity remains in operation for the foreseeable future. 

Based on the future plans as detailed below, the Trustees and Management committee feel that there are sufficient funds available to meet the anticipated activities in the coming year. 

In order to reduce the risk of over expenditure, procedures for authorisation of all transactions and projects exist. To further mitigate the risks, the Trustees and Management Committee will carry out periodic reviews of the progress of the objectives stated. 

## **FUTURE PLANS** 

The Trustees are looking forward to further enhancing the social, spiritual and religious aspects of the Charitable Organisation. This will enable members and attendees to continue to strive on the platform established to date. 

The Trustees consider it of paramount importance to ensure that cash flow is managed to enable the day-to-day activities of the Mandir to continue without any risk of curtailment. To this extent, the Charitable Organisation has acquired land in Jubilee Close, which is adjacent to the Temple Complex. The trustees continue to explore options to secure additional income to further enhance the objects of the Charitable Organisation. 

## **STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document** 

The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity. 

## **Organisational structure** 

The UK registered charity, Maninagar Shree Swaminarayan Gadi Sansthan - Shree Swaminarayan Sidhant Sajivan Mandal London, one of the UK centres of Maninagar Shree Swaminarayan Gadi Sansthan, the worldwide centre for spiritual, cultural and social welfare. Further information about the worldwide Organisation is found on www.SwaminarayanGadi.com. 

## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number** 

252726 

## **Principal address** 

Shree Swaminarayan Mandir Shree Muktajeevan Swamibapa Complex Kingsbury Road Kingsbury London NW9 8AQ 

## **Trustees** 

Mr Ashok Velji Patel (President) Mr Mahesh Premji Varsani (Secretary) Mr Laxmidas Premji Dabasia (Treasurer) 

The Management Committee 

Mr Parbat Kanji Bhudia (Resigned on 28 August 2022) Mr Naran Harji Pindoria 

Mr Harish Vishram Ratna (Resigned on 28 August 2022) Mr Narendra Mavji Varsani Mr Dinesh Parbat Bhudia Mr Praful Premji Halai 

Mr Narhari Pabat Khimani (Appointed on 28 August 2022) Mr Jayesh Vishram Ratna (Appointed on 28 August 2022) Mr Kashyap Devji Varsani (Appointed on 28 August 2022) Mr Amit Ravindra Vekaria (Appointed on 28 August 2022) Mr Kausik Govind Varsani (Appointed on 28 August 2022) Mr Paras Vasant Khimani (Appointed on 28 August 2022) 

Page 3 



SHREE SWAMINARAYAN SIDHANT SAJIVAN
MANDAL {LONDONI
REPORT OF THE TRUSTEES
FOR THE YÈAR ENDED 31 DECEMBER 2021
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Page 4

## **REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF SHREE SWAMINARAYAN SIDHANT SAJIVAN MANDAL (LONDON)** 

## **Opinion** 

We have audited the consolidated financial statements of Shree Swaminarayan Sidhant Sajivan Mandal (London) (the 'charity') for the year ended 31 December 2021 which comprise the Statement of Financial Activities, the Statement of Financial Position, the Statement of Cash Flows and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). 

In our opinion the consolidated financial statements: 

- give a true and fair view of the state of the charity's affairs as at 31 December 2021 and of its incoming resources and application of resources, for the year then ended; 

- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and 

- have been prepared in accordance with the requirements of the Charities Act 2011. 

## **Basis for opinion** 

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report.  We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements.  We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. 

## **Conclusions relating to going concern** 

In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. 

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. 

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report. 

## **Other information** 

The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon. 

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. 

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.  We have nothing to report in this regard. 

## **Matters on which we are required to report by exception** 

We have nothing to report in respect of the following matters where the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinion: 

- the information given in the Report of the Trustees is inconsistent in any material respect with the financial statements; or 

- sufficient accounting records have not been kept; or 

- the financial statements are not in agreement with the accounting records and returns; or 

- we have not received all the information and explanations we require for our audit. 

## **Responsibilities of trustees** 

As explained more fully in the Statement of Trustees' Responsibilities, the trustees are responsible for the preparation of the financial statements which give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. 

In preparing the consolidated financial statements, the trustees are responsible for assessing the charity's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so. 

Page 5 



## **REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF SHREE SWAMINARAYAN SIDHANT SAJIVAN MANDAL (LONDON)** 

## **Our responsibilities for the audit of the financial statements** 

We have been appointed as auditors under Section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder. 

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. 

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below: 

- We identified the laws and regulations applicable to the company through discussions with management, and from our commercial knowledge and experience of the sector in which the company operates; 

- - We obtained an understanding of the legal and regulatory frameworks that are applicable to the company and determined that the most significant are those that relate to the reporting framework (Companies Act 2006) and the relevant tax compliance regulations in the jurisdictions in which the company operates. In addition, we concluded that there are certain significant laws and regulations that may have an effect on the determination of the amounts and disclosures in the financial statements and those laws and regulations relating to health and safety, employee matters and bribery and corruption practices; 

- - We assessed the extent of compliance with the laws and regulations identified above through making enquiries of management and inspecting correspondence where available; and 

- - Identified laws and regulations were communicated within the audit team regularly and the team remained alert to instances of non-compliance throughout the audit. 

- - We assessed the susceptibility of the company's financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by: - making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud; and 

- - considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations. 

- - To address the risk of fraud through management bias and override of controls, we: - performed analytical procedures to identify any unusual or unexpected relationships; - tested journal entries to identify unusual transactions; - assessed whether judgements and assumptions made in determining the accounting estimates were indicative of potential bias; and 

- - investigated the rationale behind significant or unusual transactions. 

- - In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to: - agreeing financial statement disclosures to underlying supporting documentation; - reading the minutes of meetings of those charged with governance; - enquiring of management as to actual and potential litigation and claims; and - reviewing correspondence with HMRC, relevant regulators including the Health and Safety Executive, and the company's legal advisors. 

There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any. 

Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion. 

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors. 

Page 6 



REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF
SHREE SWAMINARAYAN SIDHANT SAJIVAN
MANDAL ILONDONI
U58 of our report
This report is made solely to the ¢haritls trustees. as a bcmly. in 8ccordance Part 4 of the Charitkes IA¢counts and
Reports) Regulations 2008. audit has been undertaken so Ihal might slate to the charitys trustees those
matter5 we are required to slate to Ihem in an auditors. report and for no olher purpose. To the fvllest extent pem)itte¢ by
law, we do not accept or assume responsibility to anyone oiher than the charity and Ihe d￿rity$ Imstees 85 a boéy. for
our audit vnrk. for this reporL orlor thè opinions we have formed.
Associaies Limited
Charte￿d Accountants & Stalutory Audilor
2nd Fltstsr, One Hobbs House.
Harrovian Busines5 V111age
Bessborough Road
Harrow
Middlesex
HA1 3EX
Date.. 19 October 2022
Kiran Patel BA BFP FCA
Page 7

## **SHREE SWAMINARAYAN SIDHANT SAJIVAN MANDAL (LONDON)** 

## **CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2021** 

|Notes<br>**INCOME AND ENDOWMENTS FROM**<br>Donations and legacies<br>2<br>Other trading activities<br>3<br>Investment income<br>4<br>Transfers from Unrestricted Funds<br>**Total**<br>**EXPENDITURE ON**<br>Raising funds<br>5<br>**Charitable activities**<br>6<br>Management & administration<br>Finance costs<br>Donations<br>Transfers to Restricted Funds<br>**Total**<br>**NET INCOME**<br>**RECONCILIATION OF FUNDS**<br>**Total funds brought forward**<br>**TOTAL FUNDS CARRIED FORWARD**|Unrestricted<br>funds<br>£<br>**1,171,248**<br>**11,837**<br>**189,368**<br>**-**<br>**1,372,453**<br>**75,737**<br>**239,219**<br>**2,703**<br>**-**<br>**358,021**<br>**675,680**<br>**696,773**<br>**1,956,069**<br>**2,652,842**|<br>Restricted<br>funds<br>£<br>**119,988**<br>**-**<br>**-**<br>**358,021**<br>**478,009**<br>**-**<br>**-**<br>**-**<br>**119,988**<br>**-**<br>**119,988**<br>**358,021**<br>**23,780,622**<br>**24,138,643**|**2021**<br> <br>**Total**<br>**funds**<br>**£**<br>**1,291,236**<br>**11,837**<br>**189,368**<br>**358,021**<br>**1,850,462**<br>**75,737**<br>**239,219**<br>**2,703**<br>**119,988**<br>**358,021**<br>**795,668**<br>**1,054,794**<br>**25,736,691**<br>**26,791,485**|2020<br>Total<br>funds<br>£<br>1,034,598<br>14,785<br>192,124<br>-<br>1,241,507<br>106,435<br>366,307<br>1,350<br>-<br>-<br>474,092<br>767,415<br>24,969,276<br>25,736,691|
|---|---|---|---|---|



The notes form part of these financial statements 

Page 8 



SHREE SWAMINARAYAN SIDHANT PAIIVAN
MANDAL {LONDONI
CONSOLIDATED STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2W41
2021
Total
ndB
2020
Ttstsl
Unreslthted Restricted
funds
FW ASSETS
Tanglble assets
12
114.985
22J14141
24428.126
22,101,786
CURREKf ASSETS
Stocks
Debtors
Cash at bank and In hond
15
16
124
95,682
124
95.682
136,148
3.61
4 353 748 ￿577
1.881.234
2.$68.320
1.881234
4A49,654 3.749,725
CREDITORS
Arno￿￿ f8lnrrfJ due vAthln onè war
18
{30.4631
130.4631
134,0881
NET CURRENT ASSErs
537 857
419.091
3.715.637
TOTAL ASSEfs LESS CuRREP￿ LIABILMES
2,652.842
24194375
26047,217
25,817.423
¢REDrroRS
Affl0￿￿ falllng du• aftar morè than e4w yèar
20
{55.7321
155,7321
180.7321
NET ASSETS
26 791.4BS
25.736 691
FUIIDS
2.652.842
1.956,069
Reslwlcted fund8
TOTAL FUNDS
26.791485
25,736 691
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Mr i8xmiil8s F¥en￿ DabasL?-Trustèe
The not8s form pArt of these financial st8tthn8nts
Pag? 9

## **SHREE SWAMINARAYAN SIDHANT SAJIVAN MANDAL (LONDON)** 

## **PARENT ENTITY STATEMENT OF FINANCIAL POSITION 31 DECEMBER 2021** 

|Unrestricted<br>funds<br>Notes<br>£<br>**FIXED ASSETS**<br>Tangible assets<br>13<br>**109,723**<br>Investments<br>14<br>**-**<br>**109,723**<br>**CURRENT ASSETS**<br>Debtors<br>17<br>**239,292**<br>Cash at bank and in hand<br>**2,517,976**<br>**2,757,268**<br>**CREDITORS**<br>Amounts falling due within one year<br>19<br>**(9,000)**<br>**NET CURRENT ASSETS**<br>**2,748,268**<br>**TOTAL ASSETS LESS CURRENT LIABILITIES**<br>**2,857,991**<br>**CREDITORS**<br>Amounts falling due after more than one year<br>21<br>**-**<br>**NET ASSETS**<br>**2,857,991 **<br>**FUNDS**<br>23<br>Unrestricted funds<br>Restricted funds<br>**TOTAL FUNDS**|<br>Restricted<br>funds<br>£<br>**21,024,134**<br>**204**<br>**21,024,338**<br>**1,142,888**<br>**1,817,259**<br>**2,960,147**<br>**-**<br>**2,960,147**<br>**23,984,485**<br>**(55,732)**<br>**23,928,753**|**2021**<br>**Total**<br>**funds**<br>**£**<br>**21,133,857**<br>**204**<br>**21,134,061**<br>**1,382,180**<br>**4,335,235**<br>**5,717,415**<br>**(9,000)**<br>**5,708,415**<br>**26,842,476**<br>**(55,732)**<br>**26,786,744**<br>**2,857,991**<br>**23,928,753**<br>**26,786,744**|2020<br>Total<br>funds<br>£<br>20,895,105<br>204<br>20,895,309<br>1,331,794<br>3,593,980<br>4,925,774<br>(8,400)<br>4,917,374<br>25,812,683<br>(80,732)<br>25,731,951<br>2,070,867<br>23,661,084<br>25,731,951|
|---|---|---|---|



The financial statements were approved by the Board of Trustees and authorised for issue on 19 October 2022 and were signed on its behalf by: 


Mr Laxmidas Premji Dabasia – Trustee 

The notes form part of these financial statements 

Page 10 



## **SHREE SWAMINARAYAN SIDHANT SAJIVAN MANDAL (LONDON)** 

## **CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2021** 

|Notes<br>**Cash flows from operating activities**<br>Cash generated from operations<br>1<br>Net cash provided by operating activities<br>**Cash flows from investing activities**<br>Purchase of tangible fixed assets<br>Interest received<br>Net cash used in investing activities<br>**Change in cash and cash equivalents in**<br>**the reporting period**<br>**Cash and cash equivalents at the**<br>**beginning of the reporting period**<br>**Cash and cash equivalents at the end of**<br>**the reporting period**|**2021**<br>**£**<br>**1,077,028**<br>**1,077,028**<br>**(337,228)**<br>**371**<br>**(336,857)**<br>**740,171**<br>**3,613,577**<br>**4,353,748**|2020<br>£<br>742,974<br>742,974<br>(41,020)<br>3,686<br>(37,334)<br>705,640<br>2,907,937<br>3,613,577|
|---|---|---|



The notes form part of these financial statements 

Page 11 



**SHREE SWAMINARAYAN SIDHANT SAJIVAN MANDAL (LONDON)** 

## **NOTES TO THE CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2021** 

|**1.**<br>**RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES**<br>**2021**<br>**£**<br>**Net income for the reporting period (as per the Statement of Financial**<br>**Activities)**<br>**1,054,794**<br>**Adjustments for:**<br>Depreciation charges<br>**10,889**<br>Interest received<br>**(371)**<br>(Increase)/decrease in stocks<br>**(124)**<br>Decrease/(increase) in debtors<br>**40,465**<br>Decrease in creditors<br>**(28,625)**<br>**Net cash provided by operations**<br>**1,077,028**|2020<br>£<br>767,415<br>10,859<br>(3,686)<br>776<br>(16,321)<br>(16,069)<br>742,974|
|---|---|



## 2. **ANALYSIS OF CHANGES IN NET FUNDS** 

|**Net cash**<br>Cash at bank and in hand<br>**Total**|At 1/1/21<br>£<br>**3,613,577**<br>**3,613,577**<br>**3,613,577**|Cash flow<br>£<br>**740,171**<br>**740,171**<br>**740,171**|**At 31/12/21**<br>**£**<br>**4,353,748**|
|---|---|---|---|
||||**4,353,748**|
||||**4,353,748**|



The notes form part of these financial statements 

Page 12 



**SHREE SWAMINARAYAN SIDHANT SAJIVAN MANDAL (LONDON) NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021** 

## **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. 

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 2015)', 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 with the exception of investments which are included at market value. 

The financial  statements  have  been  prepared  under  the  historical  cost  convention,  with  the exception of investments which are included at market value, and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008). The financial statements have been prepared in accordance with the Statement of Recommended Practice (SORP), 'Accounting and Reporting by Charities' published in March 2005 and applicable accounting standards. 

## **Income** 

All income is recognised in the Statement of Financial Activities once the charity has entitlement to 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 on an accruals basis 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. 

Grants offered subject to conditions which have not been met at the year-end date are noted as a commitment but not accrued as expenditure. 

## **Tangible fixed assets** 

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. 

Plant & machinery -  at varying rates on cost Fixtures and fittings -  at varying rates on cost 

## **Stocks** 

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. 

## **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. 

Page 13 



**SHREE SWAMINARAYAN SIDHANT SAJIVAN MANDAL (LONDON)** 

## **NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2021** 

## **2. DONATIONS AND LEGACIES** 

|Donations<br>Gift aid<br>Grants|Unrestricted<br>funds<br>£<br>**1,004,728**<br>**166,520**<br>**-**<br>**1,171,248**|Restricted<br>funds<br>£<br>**119,988**<br>**-**<br>**-**<br>**119,988**|**2021**<br>**Total**<br>**funds**<br>**£**<br>**1,124,716**<br>**166,520**<br>**-**<br>**1,291,236**|2020<br>Total<br>funds<br>£<br>843,694<br>186,036<br>4,868|
|---|---|---|---|---|
|||||1,034,598|



Grants received, included in the above, are as follows: 

|Other grants<br>**3.**<br>**OTHER TRADING ACTIVITIES**<br>Unrestricted<br>funds<br>£<br>Shop income<br>**11,837**<br>**4.**<br>**INVESTMENT INCOME**<br>Unrestricted<br>funds<br>£<br>Net subsidiary income<br>**188,997**<br>Deposit account interest<br>**371**<br>**189,368**<br>**5.**<br>**RAISING FUNDS**<br>**Other trading activities**<br>Unrestricted<br>funds<br>£<br>Purchases<br>**4,531**<br>Closing stock<br>**(124)**<br>Support costs<br>**71,330**<br>**75,737**|Restricted<br>funds<br>£<br>**-**<br>Restricted<br>funds<br>£<br>**-**<br>**-**<br>**-**<br>Restricted<br>funds<br>£<br>**-**<br>**-**<br>**-**<br>**-**|**2021**<br>**£**<br>**-**<br>**2021**<br>**Total**<br>**funds**<br>**£**<br>**11,837**<br>**2021**<br>**Total**<br>**funds**<br>**£**<br>**188,997**<br>**371**<br>**189,368**<br>**2021**<br>**Total**<br>**funds**<br>**£**<br>**4,531**<br>**(124)**<br>**71,330**<br>**75,737**|2020<br>£<br>4,868<br>2020<br>Total<br>funds<br>£<br>14,785<br>2020<br>Total<br>funds<br>£<br>188,438<br>3,686|2020<br>£<br>4,868<br>2020<br>Total<br>funds<br>£<br>14,785|
|---|---|---|---|---|
||||192,124||
||||2020<br>Total<br>funds<br>£<br>11,204<br>-<br>95,231||
||||106,435||



Page 14 



**SHREE SWAMINARAYAN SIDHANT SAJIVAN MANDAL (LONDON)** 

## **NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2021** 

## **6. CHARITABLE ACTIVITIES COSTS** 

|Grant<br>funding of<br>activities<br>Support<br>(see note<br>costs (see<br>7)<br>note 8)<br>£<br>£<br>Management & administration<br>**-**<br>**239,219**<br>Finance costs<br>Donations<br>**-**<br>**119,988**<br>**2,703**<br>**-**<br>**119,988**<br>**241,922**<br>**7.**<br>**GRANTS PAYABLE**<br>**2021**<br>**£**<br>Management & administration<br>**119,988**<br>The total grants paid to institutions during the year was as follows:<br>**2021**<br>**£**<br>Donations to third parties<br>**119,988**<br>**8.**<br>**SUPPORT COSTS**<br>Management<br>Governance<br>Finance<br>& Administration<br>costs<br>£<br>£<br>£<br>Other trading activities<br>**71**<br>**71,259**<br>**-**<br>Management & administration<br>**-**<br>**230,219**<br>**9,000**<br>Finance costs<br>**2,703**<br>**-**<br>**-**<br>**2,774**<br>**301,478**<br>**9,000**|Totals<br>£<br>**239,219**<br>**2,703**<br>**119,988**<br>**361,910**<br>2020<br>£<br>-<br>2020<br>£<br>-<br>Totals<br>£<br>**71,330**<br>**239,219**<br>**2,703**<br>**313,252**|
|---|---|



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

There were no trustees' remuneration or other benefits for the year ended 31 December 2021 nor for the year ended 31 December 2020. 

## **Trustees' expenses** 

There were no trustees’ expenses paid for the year ended 31 December 2021 nor for the year ended 31 December 2020. 

## **10. STAFF COSTS** 

|Wages and salaries<br>Social security costs<br>The average monthly number of employees during the year was as follows:<br>Priest<br>Other Staff|**2021**<br>**£**<br>**73,345**<br>**2,130**<br>**75,475**<br>**2021**<br>**2**<br>**2**<br>**4**|2020<br>£<br>96,326<br>3,341<br>99,667<br>2020<br>3<br>3<br>6|
|---|---|---|



Page 15 



**SHREE SWAMINARAYAN SIDHANT SAJIVAN MANDAL (LONDON)** 

## **NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2021** 

## **10. STAFF COSTS - continued** 

No employees received emoluments in excess of £60,000. 

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

|**INCOME AND ENDOWMENTS FROM**<br>Donations and legacies<br>Other trading activities<br>Investment income<br>**Total**<br>**EXPENDITURE ON**<br>Raising funds<br>**Charitable activities**<br>Management & administration<br>Finance costs<br>**Total**<br>**NET INCOME**<br>**RECONCILIATION OF FUNDS**<br>**Total funds brought forward**<br>**TOTAL FUNDS CARRIED FORWARD**<br>**12.**<br>**CONSOLIDATED TANGIBLE FIXED ASSETS**<br>Freehold<br>property<br>£<br>**COST**<br>At 1 January 2021<br>**21,981,730**<br>Additions<br>**331,411**<br>At 31 December 2021<br>**22,313,141**<br>**DEPRECIATION**<br>At 1 January 2021<br>**-**<br>Charge for year<br>**-**<br>At 31 December 2021<br>**-**<br>**NET BOOK VALUE**<br>At 31 December 2021<br>**22,313,141**<br>At 31 December 2020<br>21,981,730||Unrestricted<br>funds<br>£<br>1,034,598<br>14,785<br>192,124<br>1,241,507<br>106,435<br>366,307<br>1,350<br>474,092<br>767,415<br>1,188,654<br>1,956,069<br>Plant &<br>machinery<br>£<br>**147,083**<br>**609**<br>**147,692 **<br>**66,069**<br>**7,384 **<br>**73,453**<br>**74,239**<br>81,014|Unrestricted<br>funds<br>£<br>1,034,598<br>14,785<br>192,124<br>1,241,507<br>106,435<br>366,307<br>1,350<br>474,092<br>767,415<br>1,188,654<br>1,956,069<br>Plant &<br>machinery<br>£<br>**147,083**<br>**609**<br>**147,692 **<br>**66,069**<br>**7,384 **<br>**73,453**<br>**74,239**<br>81,014|<br>Restricted<br>funds<br>£<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>23,780,622<br>23,780,622<br>Fixtures<br>and<br>fittings<br>£<br>**67,794**<br>**5,208**<br>**73,002**<br>**28,752**<br>**3,504 **<br>**32,256**<br>**40,746**<br>39,042|<br>Restricted<br>funds<br>£<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>23,780,622<br>23,780,622<br>Fixtures<br>and<br>fittings<br>£<br>**67,794**<br>**5,208**<br>**73,002**<br>**28,752**<br>**3,504 **<br>**32,256**<br>**40,746**<br>39,042|<br>Total<br>funds<br>£<br>1,034,598<br>14,785<br>192,124<br>1,241,507<br>106,435<br>366,307<br>1,350<br>474,092<br>767,415<br>24,969,276<br>25,736,691<br>Totals<br>£<br>**22,196,607**<br>**337,228**<br>**22,533,835**<br>**94,821**<br>**10,888**<br>**105,709**<br>**22,428,126**<br>22,101,786|
|---|---|---|---|---|---|---|
||||||||
||||||||
||||||||
||||||||
||||||||



Page 16 



**SHREE SWAMINARAYAN SIDHANT SAJIVAN MANDAL (LONDON)** 

## **NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2021** 

## **13. PARENT ENTITY TANGIBLE FIXED ASSETS** 

|Freehold<br>Plant &<br>property<br>machinery<br>£<br>£<br>**COST**<br>At 1 January 2021<br>**20,781,465**<br>**147,083**<br>Additions<br>**242,669**<br>**609**<br>At 31 December 2021<br>**21,024,134**<br>**147,692 **<br>**DEPRECIATION**<br>At 1 January 2021<br>**-**<br>**66,069**<br>Charge for year<br>**-**<br>**7,384 **<br>At 31 December 2021<br>**-**<br>**73,453**<br>**NET BOOK VALUE**<br>At 31 December 2021<br>**21,024,134**<br>**74,239**<br>At 31 December 2020<br>20,781,465<br>81,014<br>**14.   PARENT ENTITY FIXED ASSET INVESTMENTS**<br> **MARKET VALUE**<br>At 1 January 2021 and 31 December 2021<br> **NET BOOK VALUE**<br>At 31 December 2021<br>At 31 December 2020<br>There were no investment assets outside the UK.<br>**15.**<br>**STOCKS**<br>Stocks<br>**16.**<br>**CONSOLIDATED DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**<br>Trade debtors<br>Other debtors<br>VAT<br>Prepayments<br>**17.**<br>**PARENT ENTITY DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**<br> <br>Other debtors<br>Prepayments|Freehold<br>Plant &<br>property<br>machinery<br>£<br>£<br>**COST**<br>At 1 January 2021<br>**20,781,465**<br>**147,083**<br>Additions<br>**242,669**<br>**609**<br>At 31 December 2021<br>**21,024,134**<br>**147,692 **<br>**DEPRECIATION**<br>At 1 January 2021<br>**-**<br>**66,069**<br>Charge for year<br>**-**<br>**7,384 **<br>At 31 December 2021<br>**-**<br>**73,453**<br>**NET BOOK VALUE**<br>At 31 December 2021<br>**21,024,134**<br>**74,239**<br>At 31 December 2020<br>20,781,465<br>81,014<br>**14.   PARENT ENTITY FIXED ASSET INVESTMENTS**<br> **MARKET VALUE**<br>At 1 January 2021 and 31 December 2021<br> **NET BOOK VALUE**<br>At 31 December 2021<br>At 31 December 2020<br>There were no investment assets outside the UK.<br>**15.**<br>**STOCKS**<br>Stocks<br>**16.**<br>**CONSOLIDATED DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**<br>Trade debtors<br>Other debtors<br>VAT<br>Prepayments<br>**17.**<br>**PARENT ENTITY DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**<br> <br>Other debtors<br>Prepayments||
|---|---|---|
||||
||||
||||
||||
||||
||||



Page 17 



**SHREE SWAMINARAYAN SIDHANT SAJIVAN MANDAL (LONDON)** 

## **NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2021** 

|**18.**<br>**CONSOLIDATED CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**<br>**2021**<br>**£**<br>Trade creditors<br>**10,520**<br>Social security and other taxes<br>**413**<br>Other creditors<br>**1,743**<br>Net Wages<br>**3,093**<br>Accrued expenses<br>**14,694 **<br>**30,463**<br>**19.**<br>**PARENT ENTITY CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**<br> **2021**<br>**£**<br>Accrued expenses<br>**9,000**<br>**9,000**<br>**20.**<br>**CONSOLIDATED CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR**<br>**2021**<br>**£**<br>Other creditors<br>**55,732**<br>**21.**<br>**PARENT ENTITY CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR**<br>**2021**<br>**£**<br>Other creditors<br>**55,732**<br>**22.**<br>**CONSOLIDATED MOVEMENT IN FUNDS**<br>Net<br>movement<br>At 1/1/21<br>in funds<br>£<br>£<br>**Unrestricted funds**<br>General fund<br>**1,956,069**<br>**696,773**<br>**Restricted funds**<br>Fixed Assets<br>**23,780,622**<br>**358,021**<br>**TOTAL FUNDS**<br>**25,736,691 **<br>**1,054,794 **|2020<br>£<br>18,353<br>-<br>1,383<br>-<br>14,352<br>34,088<br>2020<br>£<br>8,400<br>8,400<br> <br>2020<br>£<br>80,732<br> <br>2020<br>£<br>80,732<br> <br>At<br>31/12/21<br>£<br>**2,652,842**<br>**24,138,643**<br>**26,791,485**|
|---|---|



Page 18 



## **SHREE SWAMINARAYAN SIDHANT SAJIVAN MANDAL (LONDON) NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2021** 

## **22. CONSOLIDATED MOVEMENT IN FUNDS - continued** 

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

||Incoming|Resources|<br>Movement|
|---|---|---|---|
||resources|expended|<br>in funds|
||£|£|£|
|**Unrestricted funds**||||
|General fund|**1,372,453**|**(675,680)**|**696,773**|
|**Restricted funds**||||
|Restricted Donations|**119,988**|**(119,988)**|-|
|Fixed Assets|**358,021**|**-**|**358,021**|
||**478,009**|**(119,988)**|**358,021**|
|**TOTAL FUNDS**|**1,850,462 **|**(795,668)**|**1,054,794 **|
|**Comparatives for movement in funds**||||
|||Net||
|||movement|<br>At|
||At 1/1/20|in funds|31/12/20|
||£|£|£|
|**Unrestricted funds**||||
|General fund|1,188,654|767,415|1,956,069|
|**Restricted funds**||||
|Fixed Assets|23,780,622|-|23,780,622|
|**TOTAL FUNDS**|24,969,276|767,415|25,736,691|
|Comparative net movement in funds, included in the above are as follows:||||
||Incoming|Resources|<br>Movement|
||resources|expended|<br>in funds|
||£|£|£|
|**Unrestricted funds**||||
|General fund|1,241,507|(474,092)|767,415|
|**TOTAL FUNDS**|1,241,507|(474,092)|767,415|



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

|**Unrestricted funds**<br>General fund<br>**Restricted funds**<br>Fixed Assets<br>**TOTAL FUNDS**|At 1/1/20<br>£<br>1,188,654<br>23,780,622<br>24,969,276|Net<br>movement<br> <br>in funds<br>£<br>1,464,188<br>358,021<br>1,822,209|<br>At<br>31/12/21<br>£<br>2,652,842<br>24,138,643<br>26,791,485|
|---|---|---|---|



Page 19 



**SHREE SWAMINARAYAN SIDHANT SAJIVAN MANDAL (LONDON)** 

**NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2021** 

## **22. CONSOLIDATED 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: 

|**Unrestricted funds**<br>General fund<br>**Restricted funds**<br>Restricted Donations<br>Fixed Assets<br>**TOTAL FUNDS**<br>**23.   PARENT ENTITY MOVEMENT IN FUNDS**<br>**Unrestricted funds**<br>General fund<br>**Restricted funds**<br>Fixed Assets<br> <br>**TOTAL FUNDS**<br>Net movement in funds, included in the above are as follows:<br>**Unrestricted funds**<br>General fund<br>**Restricted funds**<br> Restricted Donations<br> <br>Fixed Assets<br>**TOTAL FUNDS**|Incoming<br>Movement<br>resources<br>£<br>2,613,960<br>119,988<br>358,021<br>478,009<br>3,091,969<br>At 1/1/21<br>£<br>**2,070,867**<br>**23,661,084**<br>**25,731,951**<br>Incoming<br>resources<br>£<br>**1,296,716**<br> **119,988**<br> <br>**267,669**<br>**387,657**<br>**1,684,373**|Incoming<br>Movement<br>resources<br>£<br>2,613,960<br>119,988<br>358,021|<br>Resources<br> <br> <br>expended<br>£<br>(1,149,772)<br>(119,988)<br>-<br> (119,988)<br>(1,269,760)<br>Net<br>movement<br>in funds<br>£<br>**787,124**<br>**267,669**<br>**1,054,793**<br>Resources<br>expended<br>£<br>**(509,592)**<br> **(119,988)**<br> <br>**-**<br> **(119,988)**<br> <br>**(629,580)**|Resources<br>expended<br>£<br>(1,149,772)<br>(119,988)<br>-|Resources<br>expended<br>£<br>(1,149,772)<br>(119,988)<br>-|<br>in funds<br>£<br>1,464,188<br> <br>-<br> 358,021<br> 358,021<br>1,822,209<br>At<br>31/12/21<br>£<br>**2,857,991**<br>**23,928,753**<br>**26,786,744**<br>Movement<br>in funds<br>£<br>**787,124**<br> **-**<br>**267,669**<br>**267,669**<br>**1,054,793**|
|---|---|---|---|---|---|---|
|||478,009||(119,988)|||
|||3,091,969||(1,269,760)|||
||||||||
||||||||
||||||||



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**SHREE SWAMINARAYAN SIDHANT SAJIVAN MANDAL (LONDON)** 

## **NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2021** 

## **23. PARENT ENTITY MOVEMENT IN FUNDS - continued** 

## **Comparatives for movement in funds** 

|**Unrestricted funds**<br>General fund<br>**Restricted funds**<br>Fixed Assets<br>**TOTAL FUNDS**|At 1/1/20<br>£<br>1,335,694<br>23,628,841<br>24,964,535|Net<br>movement<br> <br>in funds<br>£<br>735,173<br>32,243<br>767,416|<br>At<br>31/12/20<br>£<br>2,070,867<br>23,661,084<br>25,731,951|
|---|---|---|---|



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

|**Unrestricted funds**<br>General fund<br>**Restricted funds**<br>Fixed Assets<br>**TOTAL FUNDS**|Incoming<br>resources<br>£<br>1,134,887<br>32,243<br>1,167,130|Resources<br>expended<br>£<br>(399,714)<br>-<br>(399,714)|Movement<br>in funds<br>£<br>735,173<br>32,243<br>767,416|
|---|---|---|---|



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

|**Unrestricted funds**<br>General fund<br>**Restricted funds**<br>Fixed Assets<br>**TOTAL FUNDS**|At 1/1/20<br>£<br>1,335,694<br>23,628,841<br>24,964,535|Net<br>movement<br> <br>in funds<br>£<br>1,522,297<br>299,912<br>1,822,209|<br>At<br>31/12/21<br>£<br>2,857,991<br>23,928,753<br>26,786,744|
|---|---|---|---|



Page 21 



**SHREE SWAMINARAYAN SIDHANT SAJIVAN MANDAL (LONDON)** 

## **NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2021** 

## **23.    PARENT ENTITY 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: 

|**Unrestricted funds**<br>General fund<br>**Restricted funds**<br> Restricted Donations<br> <br>Fixed Assets<br>**TOTAL FUNDS**|Incoming<br>resources<br>£<br>2,431,603<br>119,988<br> <br>299,912<br>419,900<br>2,851,503|Resources<br>expended<br>£<br>(909,306)<br>(119,988)<br>-<br> (119,988)<br>(1,029,294)|Movement<br>in funds<br>£<br>1,522,297<br>-<br>299,912|
|---|---|---|---|
||||299,912|
||||1,822,209|



## **24. RELATED PARTY DISCLOSURES** 

There were no related party transactions for the year ended 31 December 2021. 

## **25. SUBSIDIARY UNDERTAKINGS** 

The charitable entity has four wholly owned subsidiary undertakings registered in England and Wales: 

|**Name**|**Number**|**Registered Address**|**Activity**<br>|**Holding**|
|---|---|---|---|---|
|Shree Hari Construction Limited|05624453|Shree Muktajeevan|Construction<br>|100%|
|||Swamibapa Complex, 211|of||
|||Kingsbury Road, London,|commercial||
|||England, NW9 8AQ|buildings||
|Abji Bapashree House Limited|09710792|Shree Muktajeevan|Property<br>|100%|
|||Swamibapa Complex, 211|management||
|||Kingsbury Road, London,|||
|||England, NW9 8AQ|||
|Dhanya House Limited|10240442|Shree Muktajeevan|Property<br>|100%|
|||Swamibapa Complex, 211|management||
|||Kingsbury Road, London,|||
|||England, NW9 8AQ|||
|Sneh Enterprises Limited|11281339|Shree Muktajeevan|Event<br>|100%|
|||Swamibapa Complex, 211|Catering||
|||Kingsbury Road, London,|Activities and||
|||England, NW9 8AQ|other food||
||||services||



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