REGISTERED CHARif< NUMBeR:2S2728 8HREE SWAMIMARAYAN SIDHANT SAJIVAM XANDAL {LONDON} REPORT OF THE TRUSTEES AND AUDifED CONSOUDATED FIMANCIAL STATEIAEMT8 FOR M YEAR ENDED 31 DECEMBER 2024 A0>)unt8 & Stsbjlory 2nd Flw. Ona Fkbs H. Harnvlan BuBir88 Vllage HA13EX
SHREE SWAMINARAYAN SIDHAKf SMVAN MAMDAL (LONDON) CONTENTS OF THE FINANCIAL STATEMElttS FOR THE YEAR ENDED 31 DECEM8ER 2024 Pa R•port ofth• TnMtw• 1 to 6 R•port of th• Ind•pnd•rtAudltorn 7 to 9 10 Con•olld•t•d Sl•tsm•nl of FI¢1•1 Po•ttlon 11 Pav•nt Enuty Stst•m•nl of FIrnnGl Po•ldon 12 13 N+)tfj• to th• Con•olld•t•d Stat•m•ntol C••h Flth 14 Note• to Ihg Con¥olld•t•d FlnwKtsI 8t•nI4 15 19 28
SHREE SWAMINARAYAM SIDHAiff SAJIVAN MANDAL (LONDON) REPORT OF THE TRUSTEES FOR THE YEAR ENOEO 31 DECEMBER 2024 ThetruSte preIthreFxYtwi1h the finanaal 8tatem8ntsofthe chwity fortheyearended 31 December 2024. Thetrusta8$ have adopted the prOlOnS of Accounling and Rwting by CPAiitt8s". Statsmerrt of Recommended Pradice appYable lo charities prepari[ their accounts in aCcOrdae ith the FInar Reporftyig sdard apF4Kabb In the UK and Rewblic of Ireland IFRS 102) leffe(ve 1 January 2019). Page 1
SHREE SWAMINARAYAN SIDHANT SAJIVAN MANDAL ILOMDON) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2014 0gJECTIVES AND ACTMTIES Summary ofactMtI•s Th• UK registered charity. Maninagar Shree Swamywayan Gath San#hJn. Shree Muktaieevan Sw4mbapa Sthapit, Shree SwarThnarayan &dhant SajNan Mandal London fssssm Lc#thl. is one of the UK c8ntr8s of Maninagar Shreo Swaminarayan Gadi Sanslhan. the wort1fr44hle wrtre fOrsFIrth, cthturnl soaal prowess. SSSSM LryKkn operate8 und•r the name. Shree Swamwwayan Mandir Ktt$ry- its de f• oper•lifmal headquarters. Tha obpcbves of the ¢h8rly 8re lo th8rKe. Sup[ arwj erKowage the falh of Maninagar Sthe Svmmthiarnyan Gadl Sansthan in th8 United Klwlom. Furlher infomthcffl abcxrt the wodthde Oryanisatitin is found on Each year the Truslees and Marwent Corrnnl undert#ke • revw of how the Charity has 4th1¢d its aims and objective¥ and reFJrt to its membefs ils activrbes conIrtrxrt to a¢hw& th¢se. In additrjn, the Trustw aThJ Management Conmittoe plan for firture actr¥ibes and they c¥ytrtrArte to aim and 01¥acaN of thg Charity aNI to the Charity ConMni$$ion widarKe on P)11¢ benefft. The re¥ivw helps thè Twstee$ 8fKI Manag8nRnt Committee sure thities remain ¥Ir lo the objedrves oflhe Charity. The u4er¥iew bekn¥ d•tsl8 th& iviJes undertaken. NLnn•rous were he and acaNdy to d•3n the Mandafs oLlethes of womoting th& Swamirayan Faith, cthral and la] deveh)pment. physical. wnI31, en¥)tioil and 4¥iibJal htr41th oryl w¢llknng. and charitable u$¢$. An Overvi of the aCINe8 and special events that took place durirs 2024. are 9iven bahyH. and more detaib are available OveThlew EdUtIonal.. GLtsr8ti d•sses" 8essionswere hetd to g¥e asslslance to sltyjents In Ih8ir rrAinslream edutIon. Splrftual.. Reliwous educalion dasses and xripth r&?1. in Guiarali Englsh. taiiw8(I for different age groLP¥ Wwe held. Charjty.. Food and essential items were collected and to trxal bars, blood donalllm 8e8wr(& continued throughout the year. Spaclal evgnts of 2024 hlarch Swamib4pa Gujmd School Spe¢1 A8semblle8 During Marth and Juty 21r24. th& ywrq Sludents of Swamts3p• Guiarati Sc4wd held Frfomancas in the main congregation to e¢J#te aThJ entertain. atthe sutiectsbaey have been sb>Jyiw in dass. This gave them the opportunity ofswking and perfoming amongst the publ Mar¢h, Aprll. Jthy. August ond November Bkjod donati se88ions w8r8 held fve times dwing the yew. dwiThJ Ihe Mandir and wid& community made thk mst essontial glft. Food DIstsIrtIOn Throughiyjt the year. 11 lo1 distthtions fr)r I ryled 7hlth 8 fotrj bar (dedlo host at th8 templ& These inibatsve$ h8lped Dn ourteiTpl8 to th&vthr lo¢ c¢nThty. Divya Jeevan Nl Jyot Jgav0 Shlblr R••idEntsl Trip Over 100 partiapantsfrorn Shree Svmnirorayan m•Ilr {kpt in varnus educthnal al recrth Abes at Crmdover Hall in Slwopthire. the 4day lden thp from the 31st March to the 1st ofAwll. June Shree MuklaAeov¥b SwabaP B•nd Lo Page 2
SHREE SWAMINARAYAN SIDHAMT WIVAM klANDAL ILONDON) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 Internatlonal Yogo Day Hundreds of people of all a9esjoined on 21st 2024 to the lntsmallor Yoga Day. whth wa8 Cornr4d by Indw Prim8 Minister. Shri Narnrth Modi in 2015. Jthy Suffir Fair Th8 Mandir hekl its annual SLmn8r far to help owitablo a¢li¥ilies through1 the year. The event wa8 supported by kjcal Sine$ andfeatured bythe Slrte Mukt4athian swamlapa Pw Band. the Muktajeevan August Tenth Anneary CelebrnlJns One of the Mandar8 fflost imtNthnt spmttMi ofth• yww¥s the 1(th anrw4ww of str Swaminarayan Manthr Kingthjry. Thi3 was an &day celebration from ts 191h of AugL&sI to 26th ALVUSt, in the PfBSWK of Acharya Shree Jitendriyapriyadasii Swamiji Mahara& There were hurMITe(ts of pew frryn al over the world to ¢e18brate this The evonts included [rfrn of danc. mus¢ and ty trb8 SIrtS of Shree Muklwan Swamibopa ambLlarKe, ffire. 8mw. na. ¥ir to Shree lauklalwv•n S1b AOrny of ExcdknK•. Ed011•) AwardB 2024 A special Educaliw Awds everwng was torya sttthnts TAtho had ex(&d mamtream education over the past yearwhth took pkce on ts 41h ofsepkrthr. NoveMr Drwali aThl New Year The festival of lights and startof Smvat2081 was ¢delx•ted atth& Mwdiron 2nd November2024. thrlen thousortd vlsitors streamed thrr#Jgh the Mandir over the CoUe of ts day. to hove the t18rshan of the Lord presiding before a Specta14[ annakuL Shr•• Muklaloevan Swarnlbap• A¢a(my of Sport Shree Muktaieevan Swamibgpa l£ad•ry of Spxt hekl a ¥ol8yW trMaMent on 27 2024. BadThnton toumament was on the 16th of M¥rth 2tr24. Tho annual La(fies Netball Townawl was hdd M su 7th Dgc•nw 2024. Publ1¢ b¢nefrt In managing Ihe tharity. the Trustee$ have takon wrto o¢count the Ctrwrity CoMission's general guJance on public ben&fft and also Ks supplemerrtary public uwtdone8 on the advarLement of religkin for the publ benefiL The Trustees always ¥n$urg that tho athwtie$ UfKlertaken are in ne th tharitable otiectives aThJ aims of the charity. The charity8 prirKip818im$ are objectTrS of prOff{ing Ihe Swaminarnyan Faith, ojliural and sooal devdopmenl. PhYCal. mental. emotional and spiiitual heallh and wellthtng, and tharitate causes. These play irTynI partin Ihe Sves ofawidespectrum of indivKluals. helplng to advance mord$ WKI •thN n the Scety. Grantmaking As part of its actwlttes, SSSSM London ke3 grants to owisalK)ns ¥those awn to h advan tho aChVernets and aims ofth• th8rity. The grants may te monelary or fc eXavIe, be the F151 ofonsite In m•kfng ary grants. Ihe Tntstees and Management Committ98 wisider. The number and arTnt ofgrnnts that Can b& Pthing rg8id to th¢ cwris expendltura quirements. Grants arg made Io 8UPF%Xt lalth acjoss the UK and Page 3
SHREE SWAMINARAYAN SIIJHANT WNAN IIANDAL {LC4DON) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEIIBER 2024 OWECTNES ANO ACTMllES Volunt• SSSSM London has 19) wdunlews. The Trustee8 aThJ M$At Committee havè 8•t up an internal frarnework of doP8rtm¥n18 to ensure 0$ parts ofth& ¢hoffty run SMW. These d&partsments indude kltchen. wurity, audiofvideo. photogrAphy. communKallon, t7non¢e. Guiarats dass and ytyjth xllrfes. ¢wllural actwitres •1¢. Each fflember of the Management Commttt•8 proth • Fli •KI Prow d•d•ralh)n all. as well as all acfvty be•th, uNlorg0 enhanced DBS th8cks. Th• TSt and MAn•gom8nt Corn ha¥• F4oc• Int•md 1>th8 to en8uro eff•ctivo rfsk nakn. At start of eachfinarrfaal yearbudgets are agreed and these 8retrac•d fyi 81 knasta quarterty basis at Marw9em•nt Commiitee meetlng$. Major ri8k8. Buth a 8ignrfunl drcy in thxwtion8 or Thiestment incomfj. •r• con8id8red Management Commtttee when agreeing annu81 bud9ets and the yobobifrty a8CIated vlilh ea¢h risk aclions needed to mitigat& are reviewed on an ongoing b88is. Income and expwthre r•¥lAYd at le1 i•Jartth. Intemal approval wesSeS are in plac8 where voILmteorn. department l•&Ss and Indridual Ex¥0 r¢wes•nI•I for drtrnents have n off Ilmit8 on expenditure. Any expgr¥Jllur• ov•rth•w •ry 4lythit coth, a• for spxlal orav•nts rnqulr• thg oppwoval of the full Managemfjnl C¢>MIll. The Charfty ha8 varfous Sourc ol rthnt on donokn from m8nthrB aTrJ vl8Mor8. Th• k•y rfsk18 Ihe ablllty to continue to Tecive donath'$. Th• Managernent Ccmmitt•e consid•rnths to be a knv risk 8$ Its donor8 are numerous and cOnne kn bo very 8UPPOrtiw. The exF•nditur& 18 knv¢r thon Ils irthma (the ctharity hos no d•bt) and Should don8tion8 falL èxpendltUT• can be r•thcd qUiLfy to rnanay this risk. Th& Ch•rfty h fortunate to have an ¥lt&m8tive sourca ol In¢omts from the office renlaki In BapasPm Hou8e , th• yews ha$ hdped In meti11 oxp8ndMuro and lurth•r8nc• ofthe (tyobl8divM. Th• Charity h86 8uffic4•nt r•ts•rvttsu 4 buffw ag•in$tgny8hortto madium tem) r•ducJon. FINANCIAL REVIEW Prlnclpal fundlng •our¢ Ap•rt from the Incom• g•ner4t•d by Dc¥. th• •(xrn forth• ¢urwty by w4y of D#rnh•n, A8rt1, Thar. DWI and Ann8kLrtt. ChirW8 •ro betng w•d kn th6 thort t•m) for• oftho Toff •1th6I•8, topth•rwNh Imwwlng tha f•dllOo1 01 th• T•mpf•, •ul•lng In th• fur1rAf ofthe Clwlty supportrg Its key TrnnMctlon• and FIMnd•l Po•ldon The finandal stal•m8nts ar• wt on pages 10 to 28. Th• finardal 8tat•m•nts h8¥t been prepared In •etord•nc• with tho ChAritie$ SORP {FRS 102) 'A¢¢ounting and Rep)rbng by Ch•rits98: Stknmfynt of Reeommènd•d PrncOc• 8pplicotl• lo harfuos weparing Ihelr accounts in a¢¢ord ith the FIn9nd Reportlry Standard apicable In IM UK 8nd R8publlc of Irel4nd IFRS 10211offe(th• 1 January 2019)., Fin•noal Rep)rfln9 StarKl•rd 102 Th• Ftnandal Rowttng Standafd applkable In the UK end R8publl¢ of Irelanrf and th• Chori¥•s 2011. A$ 8ts1od in lityodudon to r•port, thè tru8teo8 Comld lh• ffinarKkg1 perforrnan by th• th•rity duriffj th• y••r lo hfj begn s•l•f•¢W. The Statom•nt of Flnand•l rnt IrK¢)me for th• y••r 01 £109269 (2023: n•t expdIUr• of£356,8331 the totol rw•The8 al Ihtr Yearnd Siarthl •1 £28.110.6eis (2023.. £26.Crf)1.S93). R•8•r¥M pdky Th•Trustee$ and Managemenl Commiti•• ha¥• •S18bligld a pol¢yAI)8rnty the unrnBtrEctod funds not committed or Invested in tsnglble fixed a85ets Cfroe rwrves) held by Ihe Lthgrity 81wk h bgh¥••n g to 12 rmnths of Ihe annual resourcos expendeil. th18 equates to approxlm•t £250.(KWJ in ynefal f8.. Al this le¥o1. Ih• Trust•o9 and Management Committee f••1 that Ihey woukl be able to contlnue ¢urrn)t l¥11th of the ¢h&rfty. y•1 al the sam8 kn. establlBh conlinq•n¢y plans to ensure thal carlty rernalTr8 In operth for the ftye8••able firturn. Based on the futurn pl4 Is detaled bel(w. the Truste and a)mThthee leel thht thorn arn 8ulfid•nt fund$ Ov14b10 lo meet th• anlldpated aciviilrei in I y•w. In order to rndue• th• risk of over pdhUr¢. prc¢edur•$ for •ulPth)ris•tion of all tranwOon$ and prolgcls exi8t. To further mlfjgats Ihe s, the Trnst and Mwwement Commlttw cary out peTknd revkn ofthe wogress of th8 objectives P•9• 4
SHREE SWAMINARAYAN SIDH WIVAM IAAMDAL (LONtK)Nl REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 HNANCIAL REVIEW Managem•nt of bank balanc•• and knt•r•Bt rats• To achieve 8 better rate of interest dLtrng the year tik 4c£ounts w8rn 0pan In the nam& of Chadty Wbth sktOn 8uildltVJ SorAety. lfjngdom Barth. CaMtdg0 and Countbes, Re(hd BanK Hampshire Trust Bank •nd Unitod Trust Bank. Thls money its held on instant acr, nolice •MI fued twm bar nIs. The maxiMn in •ny xcount is £85,000 to bemfft trom FSCS proteclon. FUTURE PLANS The Trustees are looknThJ foTh4ard tofurther enharKing the sod•l. sptrmuol •rnJ lIgh)uS as of thts Ch•rilAbl• Organl8ation. Thi8 wdl enat4e membw8 and atteNlae8 to Collin to slthi• cffl th• F4akn ostabli8hed to date. The Tru$toe$ cinsider it of paraffKyJnt importance to ensum th•t ¢gsh Is managed to enabl• t daY-ldaY activttles of the Mandlr lo corrtbnue wltlKJut any ri8k of Cu1Th To thi$ &xtrt the Charilth Organmatlon aUIr•d land in Jubileo Close. Ob adia¢entto the Temple CorTw1ex.ThoTw8t• ¢<n•t00xkn optionitowxr• ad(lttlono1 Irwme lofvrther •nhan th• obj8 of the Charitable Organi8alyon. STRUCTURE, GOVERNANCE AMD IAAMAGEMENT aov•rnlng do¢um•nt Th charfty ci>nlrdled ty is • d8•d ofInl conthjtes an unirKryraknl Org•nl••tlon•l •tructurn Thfj UK r•glslwed charity, Manlnagw Shr•• SWy Gadi sw11h . Shrw Swamlnwayn S1hl So0n M•ndal London. on• of the UK e4ntres of Maninagar Shree Swaminarayln G4di S¥nsthon. th& workwide contre for lt. cuftur and 8od81 wdtsr•. Further InfrKmation abcArt the wortthdO n1$alk L8 knJnJ on tAfyVW.SwomlnarayanG&dl.com. REFERENCE AND ADMINISThAMVE DAlL8 R•gl•t•r•d Ch•rlty Nmb•i 252726 Prln¢lp•l •ddr• Shree Swjmlnarayan M4n¢lr Shroe Mukl8l•wan Sw8mib8pa Cryry>l•x Klng8bury Road IUng8bury London 8AQ TnMtO•• Mr Mah&8h Prèmii Varwil sthry Mr L•xrth Premil Dabasbo Trea8urer MrAehok Ve1 Patd Prodent Th• Manlymt CmItte• Mr Nar•n Hfji Pindorf• Mr Nargndra Mavjl Varsani Mr Oinwh Parbat Bhudia Mr Prnful Pr¢ry¥i Patel Mr Narhari Parb•l Khinni Mr Jayesh Vffjhram R8tha Mr Kashyap Oevji Varsanl Mr Amlt Ravlntjrn Vekaria Mr Kau8ik Govlnd Vtnanl Mr P•ra8 Vasant Khimani P•p5
SHREE SWAMINARAYAN SIDHANT SAJIVAN MANDAL ILOMDONI REPORT OF THE TRUSTE&8 FOR THE YEAR ENDED 31 DECEMBER 2024 REFERENCE ANO ADMINISTRATIVE DETAILS Audltorn bury A$8ooal&% Limited Ch8rtered Arxountants 8 Statutory Audilor 2nd Floor. On& Hobbs House, Harrovian Business Vlllage Bessborough Road Harrow Middlesex HA13EX Bankers National Weslmlnstw Bonk Pk 5 Central CIrS Hendon London NW4 3L4 State Bank of India 63M32, Finchley Road Goldors Green London NW117RR STATEMENT OF TRUSTEES. RESPONSIBILITIES The twste&s #re SpOnsiblef0r preparing tho Reportof th&TnJstees ondlhefinarwial statements in accordancewlth appllcabk l¥w and United ngdorn Accounlng Stsnd8rd8 (United Kingdom GanaraNy Accapted Auting Pr&ticè). The law apptl'cabb to ¢harilie8 in England and Waks, Ihe Charitie8 Act 2011. Charity Ikcounts and Reports) Ragulations 2008 and tho provl$lon8 of the trust deed requSres the trustees to prepare finanal statements for ead) fin8nci•l year which give a true aThJ falr vlew of the state of affairs of the charity and of the incoming resources and applthlon of resources. induding the itKome and expenditur•. of thg charity for that period. In prnporin9 those finanual SeMents, the trustee8 arn required to select suitable a¢¢ounling policies and then appty them consistenUy- observe the mothods and princAples In tha Chgrlty SORP.. make judgements and ¥stimale¥ that are reasonable and pNdent'. state whether aCable accounting Standd9 have been followed. subject to any material departure8 di3doBed and explalnèd in the financial statements- prare Ihe finanaal statements on the gcing c4)nc8m basis unless it is inappropiiate to presume that the charity vlill conlinue in busines¥. The truste¥$ are responsible for keeping Jxoper acUnting fecords which disdoBe th Teasonabk accuTrGy at any time the nanoal po$ition oflhe chartty and lo enable them to ensure that Ihe finanoal slments comply wlh the Charities Act 2011. Ihe Charity (A¢ccwnts and Rorts1 RegulatnS 2008 arKI the provistons of the trLtst deed. They are also responsible for ¥aleguarding Ihe assets of thg ¢h&rfty and hen¢ for taking re•sonabl& steps for the wevenlion aThJ deteC1)n of fraud and other irregularflles. Awoved by orderofthe board oftrustees on 08 October2025 and stgned on its behatt by.. ilr Laxmidas Premii Dabasbg- Trustee Page 6
REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF SHREE SWAMINARAYAN SIDHANT SAJIVAN MANDAL ILONDOMI Oplnlon We have aLNlited the fin8n¢lal statements of Sh& Swaminarayan Sidhanl Sajivan Mandal (Lonilon) {the'¢hariVI forth? year andad 31 Decembèr 2024 whith comprisg the Slalament of Fthandl Adlvhles. the Stalemenl of Fina481 Posbtson. the Statement of Cash Flows and notès to th& ffinanual ststements, inc4uding a Summary of signifThnt accounting polide$. The ffinana81 reporbng framewoth that has been applied in their preparation 18 appll¢gble law and United lfjngdom ACntIng standards Iunited Kingdom Generalty A¢cepted Acuiunting practi). In owopinion the firc81 statements: gNe a true and fair vi8w of Ihè stsle of tha ch8rW$ affatr8 as ai 31 December 2024 and of its incoming resource8 and application of resource$. for the year thon ended.. have been prope prepared in aordanCe wlth United Kingdorn Generalty Accepted Actn11n9 Pradtr,. and have been preparad bn accordaneg wilh tha requirnents ofth8 Ch11108 Act 2011. Bas1$ foroplnlon Wo Conducted our audit in ac(x)rdarKe wlth Inlomalional Standards on Auditing IUKI {IW {UlQ) and applicable lw. Our responslbilitio8 under Ihose standards are further desuibed in the Audilors. rosp0nsiblli9s for the audit of thg financial $tat&ments seclion of our TeF#)rt. We are independent of the charty in ac¢ordarKo with the ethical requirements that aro relevant lo our audlt of th6 finanrAal ststements in the UK, induding the FRC'S Ethical Stsndard. and we have fulfilled our other ethical rwjonsiblibes accordance these requirements. W& lis¥¢ that the audit evMlenc we have obtained Is sufficRnt and 8pprcyr181e to provide a ba8is for our opinion. Conclu81oM rolatlng to golnq concern In audibn9 the finan¢ial statements, we have conduded that the trustee8' Use of the golng ¢oKem bosis of accounting in the preparation of th• financi81 statsment8 is apploprtate. Based on the we have perfonned, we have not ¥Jentified any material Lmcerlainles ralalln9 to events or o)ndiliiJns tha( individual]y OT colleCtety. may ¢•st signifficant doubt on the ¢hariWs •bilty to ¢onlthue as a going conc£m for a pèriod ol al l&ast tsyelve months from whan the ffinonaal 5ts1ements ore aLbthorised fw issug. Our responsibltIeS and the responsibilthes of the trustees wdh respect lo gou)g concgm are descrfb8d In the relevant Sections of this reporL Other infomiatlon The tN$tees ara responsible for the other infornalion. The other infomiathon comwises the infommtion indLKled ui thoAnnu•l ReporL otherthan the finanaal slalemenls and our Repjrt of the Independent Auditots Ihereon. Our oplnion on the financial ststemnts does not coveT the other inftmalion and, except to Iho extsnt otherwlse expllduy stated In our report. we do not PresS any fomi of a88uran¢o ¢ondu8ion thereon. In conn8ctlon with ow audit of th• ffinancial statements, our responsibl 18 lo read tho other infomiallon and. In dofjng SO, Considerwth#rthtr other infomiatton 6$ matertally incon$Sstenl wtth the financial statements or our knowleilge obtslned In the audit or olhgrise appears to be Material misslaled. If we identify suth material in()Jnsislencies or appar•nt material misstatements, we are required lo detemiine whether this gives rise to a malerial mi38latsmenl in the ffinarrial $tat&ments themselves. W. ba8ed on Ihe work wa have perfomied. wa ¢ondude that there is 8 materid mi¥statsment of this other information. arg wuired io r¢port that fa¢t. We have nothlng to reprrt in this regarf. Ilattern on whl¢h Ire requlrod to rnport by ex¢optlon We have nothin9 to report in resp8d of the foilowing matters where the Charities (Accuurts and Report31 Regulalions 2008 requires us to rep)rt to you if, in our opinion: the tnfomwtron gNgn in the Report of th& Trustees 1$ In¢onslent in any matwial speCt wilh t financial statements. $ulficvdnl accountin9 réeord3 have not been kept or the financial st8lements are not In agreement witti the ae¢ounting records and retums: or wo have not rerANa(l au the inf0Mtion and explanalionswe requwe lor our au¢*l. Page 7
REpoirf OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF SHREE SWAMINARAYAN SIDHANT SAJIVAN MANDAL (LONDON) Re•ponlblllth• oltruBt••s AS p1a$d fflore in the Stat?rn¢nt of TN8te$8' Ra8ponsibllities. th8 tfU8teè6 arg re8ponslble for the preparation of the fiMncial stst8m¢nts which glve a true and falr vlew. 8nd for such intemal eonlrol a8 the tru8lee$ determine18 necessary lo •noble the prep•rallon olffinandal 8ts1oments that ara fr¢e from materfal misstatemanl. vthethgr the to fraud or error. In prep8rfng th• fflnandal 8tatenwnts, the Iru8lee8 e• r•8ponoibl8 for 0s$9$8ing the charftys ablty to contlnuè #8 a golng ¢on¢&m. d18doslng, 48 applkable, matter8 related to golng concarn and using the golng concem basS8 of fjc£ounting unleH¥ tho trust8ès thar Inland to liquidate the charity orto ce8s• 0rA1)n$. or have no ra&1181ic allematlve but lo do so. Our rPonOblllOe• for tho audlt of lh• financlal •tatsmonts We hav• bfjgn gppolnled a8 audllors under Sedon 144 of the Ch8fitlos Act 2011 and report In acojrdance wlth th8 Act and rolevanl r8gulation8 m•dt or having elfed Ihernundof. Our oblectlves ¥re lo obtaln m80nable 888urnnce aboul whether the financAal 6tatefflent8 as a •re frae from rnaledal misstatement. whether due lo fraud or •rror, and lo 188ue a Report of the Independent Audltors that Indudg8 our opinton. ReaBonable a88urane818 a hlgh loval of 868ur•nco, but Is not a guarantee that an 8udll ¢duded In 8¢cordance wlth ISA& IUK) will ¥k¥ays d•tect a matèrial rn168181ementwhen It exlsts. MIsGtalemenls cgn arlsg from fr4ud or èrror and are ¢on8ider&d m8l$rfal W. Indlvldualty oi in the aggregate. they could raa8onabty bo oxpoctod lo Infflue tha economlc dedslon8 of uw8 taken on tho ba81s of th•$e finaneAl 6tatèment8. Th• •xlonl towhk41 our Predur aro capable of dèlèdlng Irregularftlei, Indudlng fraud l• d•t•llgd belov. Identified applkabl• IAw8 And rèwthllon8 through dlocui8lon8 wllh monag•m•nt. cornmordal knv•Aedg&, and 8•Ctor •xp•rfgnc•. Obtslned an und•rsl•nJlng oflhe legal and Tegulalory framework8. in¢ludinp Chorllle8 Act 2011, Chadty SORP, •nd UK flnandal rop)rtlng 61and8rds188u8d by the Flnanclol Reporflng Councll. a8 well 1hts Imp#ctlng flnand•l ststement amount8, dl8¢108ur•s. health and $of•ty. employ¥& matter8. 8nd brlbery and comipllon. A68e85ed rAJMplIan by Ma1 Inqulrf•s, Irwng corresponden. and malnlalnlng ¥lgllanc• for non- cornpli8ne8. Commun1(9d Identlfied l#YA and reguhllon8 whhln the audtt tsam and r•maln•d olert lo Instan$ of non- cornplianc. A•8•88•d th& susptibItlty offin8nclal statements lo malèrfal ml88tatemenl, Indudlng fraud, by Inqulrfng about fraud 8uscopUbS1ity. knovA•dg• of actuaV$u8POCt•dlall8g&d Iraud, •nd alUalIng Inlem81 control#. Addre88•d th& of fraud and menagernenl bias through anatytical pro¢edur68, le81ngloumal etho•. am91ng accounong esllmale$ for potenllal blas, and InveBligallng 81gnlft¢anVunu8ual Iran8actlon& De8igned procedures to address the risk of Irrègularbtt88 and nonMplIn¢o, indudlng vgrffyln9 ffn•ndal 8t•toment dludoBures. r•adlng gov•manc• me•tlng mlnut••. Inqulrlng al Iltlg•lord¢l•lm8. r6vlewlng corrn8pond&n¢e wlth r81gvAnt ¥ulhorflio9. Inqulred about known Instoncos or su8pklon$ of non-complianco wth law8 and rggulallon8. Rff0gn1d IlmttattonB In dotectlng non<&)mpllanc• unrelaled lo financlal stal•m•nl8 and hlgh•r In dwtodng fraud due to dellberat• concajlment orcotlu810n. Th•r• ar• Inh•r¢nt I1[tatIs In our audlt procedures de8cribed above. Th? more Mmov•d Ih&l law8 and ffjgulalon8 aw from flnanclal trAnwlon8, tho le38 Ilkety1118 that we would bgcomg aware of non-oJnplianc. Audthng 8tsndord$ aho Ilmtt Ihg audil procodurg8 required lo Ident6fy non-compliance wllh law8 and regulallons to •nqulry of the dlrectors and othgr ManagenI and the In8p•ctton 01rn9a1ory and logal coff•ipond•nce, ff any. Material mbsstat•m8nts that arise dug to fr•ud can bo h8rdgr to dg18ct thon tho88 that adog from error a8 Ihoy may Involvg dgllb•rate ncealmont or collu81on. A fvrther dwuipllon of our responslblkn for the 8udM of the flnanclal 8tht•ment8 6$ located on the Flnandal Reportlng Coundl's wobsite at www.frc.or9.uklaudltor8re8ponslblThlle8. Th18 dgs¢rfptlon 10rn18 part ol our Report of thg Ind8ndan¢ Auditors. Page 8
REPORT OF THE INDEPENDENT AUDITORS TOTHE TRUSTEES OF SHREE SWAMINARAYAN SIDHANT SAJIVAII PAANOALILONDONI U#• of our report Thi8 reportls madesotely tothecharty'struslae8, as a L>Jdy, in a¢c•rdancewrth P&rt4oftheChares IAw)unts and R8POrts) Regulaikin5 2008. Our audit work h85 been undwtakon so thatwe m&hi state to the thBfty$ tsu$lee$ th08e mattw¥ ar• ulr•J tostsleto thwnln on reprytonofor nooUwpurpos•. Tothe fvUesl¢xtynt Ferniiiied ty18w. w do notac oras£me r8spon5ibiltyto anyoneotherthantheeharty ond ts ¢haWstruste88 a5 8 body. ftrourauditwork. fcithisfeport. or forlloplnton& h8V8 forml. P FCA ISeftHwSt•iutoryAudltof) for And on behatFof AlburyAS¢Iates Lirrited Chartored I4UtantS & Statuloryhjdttor 2nd Fl¢or, ¢Jne Hobbs Hous•, Harro8 BtBlr¢8s9 Vllw 8e8sborgh Road Harrow MKldl8sex HA13EX PAge 9
SHREE SWAMINARAYAN SIDHAiif WIVAN IAANDAL {LOMDONI CONSOLIDATED STATEMEKf OF FIIIANCIAL ACTMllES FOR THE YEAR ENDED 31 DECEMBER 2024 2024 Totsl 2023 Total funds INCOME AND ENDOWMEKfs FROII DwllM• ar#Y lepdes 1,941352 1,174938 1,707,947 Other Irading ¥¢tivlti•s Invoslment nme 166,882 166.801 128.880 98 EXPENDuRE OM Ralthg fundB 168.974 168.974 122.789 Ch4rlt•bl• actl¥lti M4n8gement & admbnI•tYOn Flnonce costs DonAt58 14.579 8.524 1.5fj0.120 41616 383.021 5.116 1,924.424 8,524 IMIO,120 Tnrn to R•8trlctad Fur#Y• Totsl 11•6 021 MET INCOMEIIEXPENDITURE} 1,261,004 11,16133S) 101,210 (386.633) RECOMCIUAMON OF FUNDS Tot•1 funds br¢xwht forward 1,671.920 24,329,671 26,001.8•1 26,368,228 TOTAL FUND8 CARRIED FORWARD 933 V24 23 1TI 336 28110860 Pagè 10
SHREE SWAMINARAYAN SIDHAKf WIVAN IAANDAL (LONDON) CONSOUDATED STATEMEIIT OF FINANcL posmoN 31 DECEMBER 2024 2D24 Totsl funth 2023 Total funds lunds FIXED ASSETS Tangtr a88els 14 213216 4131.212 23.34498 23.182.359 CURRENT ASSETS 17 18 1.204 4D.301 2 843 479 Deb¢0 Cash at bank and In hwd 27.667 27.667 2 806 910 1755.097 01,124 2.83Q221 2.884.984 CREOITORS Amount• fallng du8 Iwthln yr (34.8591 134,U91 130,750> NET CURRENT A88Ers 2 801382 TOTAL A88ETS LESS CURRENT UA8ILmES 1#33,524 ,2113J6 20.141860 26,036.593 CREOITORS Amounts fy14ng du• •ft•r th•n yw (3S,OC•)) 135.IYJO) 135.000) NET ASSET8 23 177 336 28110880 28 001593 FUND8 UnfeslriL#ed funds Reslrthd luThJ• 24 2.gJ3,524 23 177 336 1.671.922 24 329 871 TOTAL FUN08 26110860 26 001693 Th• finand•l 8latemeth th• Bowd (4 Tmth88 and for l•w• (n 08 Ortob•r 2025 w•r• slgnod on118 behall ty.. Mr Laxmld Premii tiabMla-Tru•kn• Pag• 11
SHREE SWAMINARAYAM SIDHAMT SAJIVAN IAANDAL (LONDON) PARENT ENTITY STATEMENT OF FINANCIAL posmi 31 DECEMBER 2024 2024 Total lundg 2023 Tol81 fun FIXED ASSETS Tangible 8$8•ts Investrnants 15 18 191.343 21.841207 033,$50 21,885,671 204 191.343 21.842,411 21033.754 21.885.875 CURRENT ASSFf8 Debtor8 C••h al bank and In hond 19 181033 1,142,888 1.324.921 1.338.403 1.224.012 4,118,907 4,1S7, CREDITORS Amounts IIng due on• year 21 111,S411 111,OBn NE[ CURREKf A88eT8 354 012 4 107 366 4 145 977 TOTAL AS8EY8 LESS CURREMT UABILri 1074.897 068,42J 28.141.120 26,031,852 CREDITORS Anwunli hllng du• aft•r morn th•n on• yèar 13s.orAI 13J,QOO) 136,000) NET A88Ef8 3 074 697 23 28 106 120 25 998 852 FUNDS Unr081rtctod lund• R•8trkhd fundi 26 3,074697 1.877.072 24 119780 TOTAL FUND8 26106 120 25 996 862 Th• ffinandal slat•m•nts ww• appro¥•J ty th• Bowd ol Trt for on 08 Octob•r 225 and wern glgn•d on h8 beh411 by: Mr Laxmld•8 Pr•nli Dabwl•. Trusts• Pwje 12
SHREE SWAMINARAYAN SIDHANT WIVAN MANDAL ILOMDON) CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2024 2024 2023 Cash gan•ratsd from op8rath)ns C••h flow• Inv•¥tlng •ctl¥lll•• pu818 oftanglble ffixed assets Inler08t r8cefved 1184,9361 52.786 (222.355) Net In InveIng adfr4kn1 Chnge In ca•h and cash •qulvalMts In tho rnportlng porlod C•8h and cah equlval•nts atthè b•glnnlng ol th• r•portlry p•rlod {132.160) {185,7501 (36.569) <575,3341 3 418 813 Ca•h and cash •qulv•l•nts Atth• •nd of tho r•portln9 perfod P•p 13
SHREE SWAMINARAYAN SIDHANT SAJIVAN MANDAL ILONIX NOTES TO THE CONSOUDATED STATEMENT OF CASH FLOWS FOR ThE YEAR ENDED 31 DECEMBER 2024 RECOMCIUATION OF NET EXPENtMTURE TO IIÉT CASH FLOW FROII OPERATING ACTMTIES 2024 2023 Not In¢om¢ll•¥p•ndltyro} fortho rwrtlTrJ riod (•• p•rth• Slatement of Flnanclai Actlvlll•B) Adjustments for. D8prna8tion thar Interesl r¢ceNed Increase in st Decrnasel(mcreasel in debtors Increase in crnditors 109.2VJ (356.633) 22,795 1617861 14401 12,634 16253 136,605} IT41) 115,098) N•t ¢••h provithd try1(d In) op•rnbMB 95.581 ANALYSIS OF CHANGES IN NET FUNDS At 111r24 Cash At 31112124 Net ca8h Cash at bank and in haThl 2 806 910 Totsl 1843A79 806 910 Page 14
SHREE SWAMIIIARAYAN SIDHANT SAJIVAN PAANDAL (LONDON) NOTES TO THE CONSOUDATED FINANCIAL STATEIIENTS FOR THE YEAR ENDED 31 DECEMBER 2024 ACCOUNTING POUCIES easls of prnparlng the con8alldated ftnn¢l•l stst•m• The fjnancial ststements of Ihe chaiity. is a put4ic beneffl entsty urtder FRS 102. been prepared In •ccLrdance the Charitm SORP IFRS 1O2)'AWting and Rewbng by Chwilhry8.' Statement QfReMMended Practice applubleto charli1epariny tra(oU8 in acc4>rdarKe wth th• Financial Reportlng Stsndord oppliceble In the UK and RepUbC of Ired IFRS 1021 (•ff¢divg 1 January 20191.. FknwKlal Reporting Standard 102 'The Fina•81 Reporting Stsndard apF4icaL4e in the UK And Rawb1 of IlaTh(r and th& Charities AL* 2011. The flngndal The fmanrial staternents of tho chwity, vAith Is • Wc bonefft tity Lmd•r FRS 102. hav• beon prapgrad attordance with the Chwit5es SORP IFRS 102)'Ac£ountiThJ and Rep¢xting by charttl.. Ststemenl of Re¢ommgnded Praclte applic8t4eto Chwi$ wepaiing thoir8¢mirt8 in acc4J[dwth th• Flnanci81 Reporting St8ndgrd appllcable In th• UK and Republic of Iroland (FRS 1021 {eff•dr4e 1 Janry 2015),. Finla1 Repn9 Stsndard 102 The Flnanclal Repn9 Stsndwd ap1¢8bl In th• UK and RepublK of Irtlanrt th• Charbbes Act 2011. The ffinandol
tatements have been pr•p•r•d und•r th& hIStC CA>Bt rAxNeth Thlth tho •xwlon ol Irweltmonts vthtch
Included at martot value. The ffin8nc48181atements have been preparnd undor th• htslorfcal rjjst convenilon. wllh the excèpllon of ImieBtments which are lded at ma1 waa, •rKI with the Finand#l Repthng St8nd8rd for Smaller Enll¥•s (ect• Apiil 21J081. The ffflartial oiatsmants have b8on weparnd kn eord•nc• wtth tho Statemant of Recnm0nd Prnc16ce {SORP), 'Accounltrg aNI Rwbr¥J by Chwilbes. putlbth•d In M8r¢h 21M)5 and appllcablo Incom• AJI IrKome 1$ r•ccgits•d In th• Slal•mert al F1rwKX one th• thwlty h1• 0ndtknmI to tho fund#, h li probab that th• Ine4mè bo rei¥•d, lh• •ThvJunl can b• mwurnd rnU•bty. Eyndltuv• Li•bllili•8 are recognl8•d as FditUTe 88 a• thert legal or c¢rthcO¥e obWUon cofflmittlng lh• chadty to that expendllure. li18 pffjbable that a tran8tsrofec1xts b)&ffts b• rnquknd In Bettlomant 8nd th• amount of th• obligallon c•n be measurod rdlabty. Exp1110 1$ w>>Jntod for on ao>ual$ b48 and has b88n dassffiod under adlr48 th81 •Wfegat• all cosl relatedto the calegcry. IAtherg cojts ¢annot be dlr•dy •Urfbuled lo pa¢u1#rhetng5 th8y hwe been heated to xthillbes on a bull cyxW74th the of rn8wrc¢8. Grnnt8 off•r•d $ci to Thdch htr4• not Ixi mot at th• y••r d•t• •r• not•d •8 • CoMrts•ThI but not T•nglbl• llx•d 8•ts Deprecaation 18 proylded al th• fdhxo)g rat•8 to wrfts off •ath w10¥•1 Its e811m•t uwful Ifg. Plant & m¢hN Flxlurns and fittirvjs at varyryNJ rn188 on co at ¥aryirvJ rntes on co Sto¢k8 arn valuad 4 th• Iw of and n•t rn¥1•b TAhJe, •ft¢r for d)1018le •nd 8ttrw movlng items. Taxallon Fund a¢¢ountlng Unrestricl•d fund8 be u¥•d In wryih the dwilable obj8¢ at tho dwetion oftho tr1888. R•slrthd funds be UBed forpathilar restric purposeswthi) the obioth ofthè ¢hwity. Restriclicrt Wi8è tthen 8perAfi8d by the donw orwhen frJnds are rai8ed fr)r Par¥19r r1(40 pUrpts. Furt oxrAangtion ofthe rwtur• ofe•c* fwwj IB the rntss lo ¥tatemls. Pa98 16
SHREE SWAMINARAYAN SIDHANT SAJIVAN MANDAL ILOMDON) NOTES TO THE CONSOUDATED FINANCIAL STATE¥E14TS-coThtlnued FOR THE YEAR ENDED 31 DECEMBER 2024 DONATIOIIS AMD LEGACES 2024 Tolal 2023 Totsl funds DonaOtffl8 Gift atd GrantB Recer4•d 1ffi95,520 276,418 1,474.329 205,128 28,490 270NI1 1974 938 OTHER TIIADING ACnVITIES 2024 Totsl fun 2023 Tot•1 funds furM18 fvrrfls Sh¢)p hK¢)n 126,880 INVESTMEHT INC¢XIE 2024 Totsl funth 2023 Tot•1 nds 18 Net wbsldlary tnc¢*ne Depowl 8ccount Intern8t 210,376 210,376 187.305 RAISING FUNDS Oth•rtr•dlng a¥111•8 2024 Totsl fund• 2023 Tot•1 nd• Openlng 8todt Purchas•s Closlng $ttyS¢ Support ¢08ts 1304 49.143 11.614} 49.643 11.644) 36.510 (1204> P¥98 18
SHREE SWAM114ARAYAN SIDHAirr WIVAN MANDAL {LONDON) NOTES TO THE FINANCIAL STATEME1ffi8-Mnth)wl FOR THE YEAR ENDED 31 DECEIABER 2024 Grnnt ndl9 of Support (so• costs (se? note 8) Tota18 M•n•gemonl & admbson Fin8n¢¢ costs Donalion• S1.818 818,095 8,524 1500 120 2 126739 GRAMTS PAYABLE 2024 2023 M•nag•m•nt & athnlnlthlk Donallon8 51,810 1924 424 1924 424 Th• total to Inaltukn• durkN yw w•• •• kIh>'. 2024 2023 Don4Ucl to thlrrl p•th¥ 8UPPORT COST8 M•naggm8rt Govemanc• Flnortsi & Admlnlstrnlion Tothl• Oth•rtradlng actMVe8 Monaggmenl & 4dminl8M FlnArK• co•t• 119,771 119.771 166.277 10,200 AUDrroRS' REMUNERAYIOM 2024 2023 py4bk lo thg tha3 atI¥ for thè •uolt clthe fmand Page 17
SHREE SWAMINARAYAN SIDHANT WIVAN MANDAL (LONDON) NOTES TO THE FIIIANCIAL STATEME1s-canl FOR THE YEAR ENDED 31 DECEMBER 2024 10. TRUSTEES. REIAUNEFIATION AND BENEFITS There were no trustee8' TelnetA)n ty ¢)thw b•rfft8 for the yw er#Jod 31 Deceth 2024 nor fi)r th• ended 31 December 2023. Tru•t•M' •xpon• 31 D•camhr 2023. 11. STAFF COSTS 2024 2023 w• and sal•rt•8 Soclal socudty costs 109,082 86.833 2024 2023 Pd88t Othor St•ff 11 CQMPARATIVES FOR THE STATEMEIIT OF FINANCIAL ACTMTIES Urmlthaad R•ilrfc•d funds INCOME AMD ENDOWMEKf8 FROM D¢)naUon$ and 1.639.1n 68.774 1.707,947 Other tr8thng acUvrfl•s vgstmenl ino)me 128.8QO 128.880 223910 Total 2058717 EXPENDITURE ON Ralling IWKIB 122.789 122,789 CharStabl• actMtI•• Management & adrrarrislr•Oc Financ• Costs Donations .021 5.118 1,898.lJ88 363,021 5.118 1.924.424 26.3 Trnnslorn lo Rmtrithd Funds Tot•1 NeT114COMEIIExpeMDfftIR 1634.146) 177.513 1356.633) Pagg 18
SHREE SWAMINARAYAN SIDHANT SAJIVAN PIANOAL ILONDON) NOTES TO THE FINANCIAL STATEMENTS- eontlnued FOR THE YEAR ENDED 31 DecEM8ER 2024 C¢)MPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES- contlnu•d Unrestricted fvnds Re8tr1ctad Total funds RECONCILIATION OF FUNDS Totsl fund$ brougm forward 2.206.OB8 24,152,158 26.358.226 TOTAL FUNDS CARRIED FORWARD 1.671.922 24.329.671 13. TrANSFER AND RECLASSIHCATION OF FUN08 In M, eertain memtr8 of Ihe tharty provided lo•n$ lo support Ihè AcquI$On and develowent of the ¢harWs tomple premises. Initially. these amounts were trealad as rsstrfcted funds. refiectwig Ihe 8pecffic purF4)$0 forwhlch they re provided and in accordan wrlh the ojnditions undertying th$ loans. In 2017. the rnajolity of these loans were fOallY conv$rt&d into dtionS. following written Instrucilons from tl origlnal lenders. Thèse communications cOnffined that the loans were to b8 waived, and any remaining funds wgro 10 be applied towards a speafi8d charitable purpose. As such, the fvnds contsnuedto b& treated as testiicted at that timo, In line wtth the donors. stated intentions and as documerrted in indiwdual letters retsined by Ihe charity. In 2024. the OnrIal donors provided renewed len nSent confimiing thal th• r8maining balancè of th8& fvnds coukl now be used at the ithscrelion of the trustee8 for any of the charity's Charitable objectives. Copies of all SL correspondence have b8an ratsinad for the charity's records. In n• with thi¥ updated donor instruction, and in 8¢cord8n¢e th paTaph 2.28 of the Charities SORP IFRS 102). as wetl as confirmation receNed from the Charity Commission Ihal réstricted funds may bo radasfie(I where the original rèstriclion no longer applres, the fvnd8 hava baén radassffled frn restricted to unrestricted resaNes. This change has been reflected in the Statement of Flnandal Act[Ve$ for the yearended 31 Oecombor 2024. An amount of £1.271.875 previousty held and reported Ythin sIn¢te fttnds has t>8en redassthed now prtrsenled within unrestricted funds. This reda85ifi¢ation retlects the lifting of the donor-imposed reslricllon and supports the tharivs ongjlng adivities and operational flexitslty. No physkgl rrK)vement of lund3 botsvow bgnk ac¢o(rt was required: the change represents an Inlemal rgalkJ¢alon of reserves in aOrdanCe with updated donor permlsslons. The trust8•8 confim that the redas5if¢cation has bn uftd¢rtak¢n in aecordancewith applicable attounltng ¥tsndards and regulatory yukJan¢•, and Ihal all supporting do¢umenlotkn ho$1)een appropriately retsined. Furthemiore £129,370 was transferred from UnreslrffAed Fund$ to ReslflLled Funds in order ac4UWt as8ets (that ar• generally dossffied as rtslrithd Assets) in the year. The net transfer from Re8tri¢ted Funds to Unrestrtcted Fund$ amounted to £1.142.505. Page 19
SHREE SWAMINARAYAN 8IDHAiif SAJIVAN MANDAL {LONDONI NOTES TO The ANANCIAL STATEMENTS- ntInU•d FOR THE YEAR ENDED 31 DECEMBER 2024 CONSOUDATED TANGIBLE FIXED ASSErs Fixtures nd fittings Freehold property Plant & mathnery Totals COST At 1 J8nuary 2024 AdditnI 23.IK11.843 129.369 147,692 165.740 23,315.275 184.935 At 31 December 21Y24 23 131212 147 fj92 221306 23 600.210 DEPRECIATION At 1 January 2024 Charga for year 88.222 44,694 132.916 At 3108¢ambor 2024 95.607 60 105 712 NEf BOOK VALUE At 31 December 2024 23 131.212 23.344 498 At 31 December 2023 23 001843 121.046 15. PARENT ENTifi TANGIBLE FIXED ASSETS Flxlures Fwhold propety Plant & machinery tbngs Totsl$ COST Al 1 January 2024 Addluons 21.711837 129 370 147.692 143,353 22,IM13,882 163.690 Al 31 December 2W24 21842 207 22 167 572 DEPRECIATION Al 1 January 21r24 Charge fr)r year 80.222 118.211 At 31 December 2W24 13 022 NET BOOK VALUE At 31 0e¢embei 2024 139258 At 31 Oec8mtMr 2023 21712 837 21.885 671 Pg98 20
SHREE SWAMINARAYAN SIDHANT SAJIVAM MAMDAL ILONDONI NOTES TO ThE FINANCIAL STATEMENTS . conllnued FOR THE YEAR ENDED 310ECEMBER 2024 16. PARENT ENTITh FIXED ASSET114VESTMENTS Sh8Ms In group underlaklngs MARKET VALUE At 1 January 2024 and 31 De¢anber 2024 NET BOOK VALUE At 31 December 2024 204 At 31 December 21Y23 204 There were no Investsment assets outsld8 17. CONSOUDATED STOCKS 2024 2023 CONSOUDATED DEBTORS: AMOUNTS FALUNG DUE WITHIN ONE YEAR 2024 2023 T¥8d8 debtors Other debt013 VAT Prepaym•t)ts ar accn*d Ina)rne 12.281 4310 16 23.384 19. PARENT ENTThY OEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Other debtors Prgpayments and aCcd inrne 1,301,564 1,313.019 23.384 1324 921 CONSOUDATeo CREDITORS: ANIOUNTS FALUNG DUE bwfHIN ONE YEAR 2024 2023 Trado credllors Social 8ecurity and olhertaxes VAT 17,170 2,162 2.597 16.270 1.550 30.750 Pay 21
SHREE SWAPIINARAYAN SIDHANT SAJIVAN MANDAL (LONDOMI NOTES TO THE FINANCIAL STATEMENTS- connUed FOR THE YEAR ENDED 31 OECEMBER 2024 PARENT ENTITY CREDITORS: AMOUNTS FALUNG DUE MTHIN ONE YEAR 2024 2tr23 Stsci81 Serfty and other tax•s Accrued èxpen8e8 1,341 22. CONSOUDATED CREDrroRS: AMOUNTS FALUNG DUE AFTER MORE ThAN ONE YEAR 2024 2023 Other uedilors 23. PARENT ENTrrY CREOITOR8: APIOUNTS FALUNG OUE AFTER MORE THAN ONE YEAR 2024 2023 Other ¢>¢dll CONSOUDATED MOVEMENT IN FUND8 Not movomonl In fund$ Al 31112124 Al 111124 Unr••trlct•d lund• Gen•rnl fLtnd 1.171.020 1,261,804 I.13324 Rtetsd fvnd• Flxed As1¥ Bank lIn 23.001.843 1327828 94,389 23.096311 1162336 TOTAL FUN08 28 0011591 N•t mov•nwnt In fund$, IncJud•d th Ihe abov• are 88 follow8.' Inc¥)mlng resour5 Reg1)urce •xpended Movemont In fundi Unr•8trlct•d fvnd• General fund 2,371,296 11,109,892) 1,261,604 Rt•trfclod lund• Restricted Don8lon• Fixed As8818 Bonk b*nE&S 33,686 1316061 94.369 1246 704 94,389 1186021 1152 335 TOTAL FUNDS P•ge 22
SHREE SWAM]NARAYAN SIDHANT WNAN PIANDAL (LONDON) NOTES TO THE FINANCIAL STATEMEPKS- ¢urflnued FOR THE YEAR ENDED 31 DECEMBER 2024 CONSOUDATED IAOVEIAENT IN FUNDS-ctythu•d Comparat5ve8 for movementln fund• Net At 111r23 in funds 31112r23 Generat fund 2.206,C 1534.148) 1.671.922 Re•trfcted funds Fixed Assets Bank banCeS 22.886.768 1285.3 135.075 42.438 23,001.843 1.327,828 24.1S2.158 1 TT.S13 24.329 671 TOTAL FUNDS 356.633 26356226 26001593 Inc{ng Resources Mov•m•nt re8tyJrces eXpded In funds UnTestrl¢ted funds General fund 1.989,943 P.524.089) (534.146) Restr5cted fund• Fixed Assets Bank balan¢os 135.075 135.075 42.438 177513 TOTAL FUNDS 1.989.943 At 111r23 in funds 3111V24 General fvnd Flxed Assets 22.8.768 229,444 23.098.212 24152 158 23 177336 TOTAL FUMDS 26358228 26110862
SHREE SWAMINARAYAN SIDHANT SAJIVAN MAMDAL ILONDONI NOTES TO THE FINANCIAL STATEMENTS - ¢onllnu4d FOR THE YEAR ENDED 31 DECEMBER 2024 CONSOLIDATED MOVEMENT IN FUNDS- ¢mnu•d A current year 12 month¥ #nd prlor year 12 months rnbIned nal movomant in funds, Includad In Ihg above are a8 Incoming rOUrCeS Rasources expended Movoment In fvnds Unrnltrlcted fund• Gtrneral fvnd 4.381239 13,833,781) 727,456 Rmtrlcted lund• Re81rkted Donalon• Flx•d A1$ Bank bolan 33,086 133.686) 229.444 TOTAL FUND8 4 394 925 PARENT ENTrrY MOVEMENT IN FUNDS Nel vemenl In funds Al 3111V24 At 111r24 Unr••trkt•d fund• Gera1 fund 1.877,072 1,197,82S 3,074,897 R••trl¢t•d fund• Flxod As$•l8 Bank balanc08 22.855,929 1263 8S1 94370 1102 7271 22,980,299 24119780 23 031423 TOTAL FUNDS 20 996 862 26 10S120 N•1 mov•m•nt In fvnd$. In¢lud•d In th• abov• •ro li foll¢)w8: Incomlng r•oourc•• R•sourc•s Movement fund$ Unre¥trfct•d funds General fund 2.193.165 1995,5301 1.197,62S Rmtrktsd fund• Re8lrtcted Donauona Flxe¢l A88ets Bank balances 33.606 133,8881 94,370 11827271 94,370 118272 1122043 1088 3$7 TOTAL FUNDS 2 226 841 21175731 Pap 24
SHREE SWAMIMARAYAN SIDHAMT WIVAN MANDAL (LONDON) NOTES TO THE FINANCIAL STATEMENTS- ¢Onlirnd FOR THE YEAR ENDED 31 DECEMBER 2024 2& PARENT ENTrrY MOVEMENT IN FUMDS. ¢onkned ¢¢xnp•rntsv•• for m¢)v¢mgrt In fvnd• Net At 31112r23 Al 111r23 wi fund• Unrestricted fund• General fund 2,411218 (534,146) 1.877.072 Ro•trl¢tsd fund• Fixed Assets 22.720.854 1221414 135.076 22.855.92Q 24 119780 TOTAL FUNDS 25 996 862 Inc Re8ourc41 M+)v•m•nl In fundi Unmtrlct•d fund• Genwd fuThl 1.867,154 (2.401.3 (634.148) RtrIct•d fund• R681dcted Donallor Fixèd A88et# Bank balan¢ (88.7n) 136.075 135,075 177512 TOTAL FUNDS A cuffonl y••r 12 mcnth• and 12 nwnths ¢x%r*>lned ft41M.' Al 31112f24 At 111A3 fvnd$ Unr••trl¢t•d lund• Gwwal fund 2.411218 883,479 3.074.697 R••trlct•d fund• Fixed A8Mts Bank b818n(xs 22,720.854 1 221414 229.445 22.9.298 23 942 268 23 031423 TOTAL FUNDS 28 1c¢ 120 Pa9e 25
SHREE SWAMINARAYAN SIDHANT WIVAN MANDAL ILONDONI NOTES TO THE FINANCIAL STATEMEp¥rS-nloTru FOR THE YEAR ENDED 31 DECEMBER 2024 2& PARENT ENTITY MOVE&IENT IN FUNDS- CONnNUED A cuwent year 12 mordhs aThl year 12 conA net In fund& induded in the abo¥e arn as folltr•48: Incon9 Resources resourc8 expendejj Movwnont in fvnds Genernl fund 4,fAI,309 13.396.830) 663.479 Fixed Assets Bank balances {1.1402901 {1.140290) 10 910 TOTAL FUNDS 4.060.309 4.W7 875 247.366 RELATED PARTY DISCLOSURES SUBSIDIARY UNDERTAKINGS The ¢harhotlo enuty has knrwI sub•th¥y Lrrflgrtiry registernd li ErqlaThJ and Ws'. Nam• Holdlng Shree H8rf CC)81n Lini 'SHCL' (W4453 Shw Muktaieevan Swanbbapa Conwkn. 211 lfjngsbury Rood. LOlOn. iKllhJingS A1 Bapashm H1X knmii8d"ABHL" (ts710792 Shm Muktsieevan Pmperty swl1)aPa ComrA¥ 211 managennt 1fjngStry Road. LOlOn. Eland. 8AQ Dhanya How Lkrfled'DHL" Propety 100% Swafflibapa Ccnx. 211 ThTragement Jsbury Road. Lon(kn. England. Nlfyg 8AQ 11281339 StWBe Mukl•poY EnI Semib8pa Comx. 211 Caltrring 100% other food ProfiV( Sub8ldlary Ll8bllltl•s Fund• Turnover EXpdin SHCL ABHL DHL SEL 4.741 19.438 1,290.014 28.019 4,741 100 100 19.336 1289,914 28.016 210,376 210.376 16S.862 166.882 Page 26