2020-12-31-accounts - The Shree Swaminarayan Temple

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			Page
Legal and administrative		information
Trustees' report			2 —7
Independent auditors'	report		8-10
Statement offinancial	activities
Balance Sheet			12
Statement ofcash flows
Notes to the accounts			14-21

Trustees	K.A. Kerai	(Chair)
	K. K.Jesani
	K. D. Patel
	R. H. Bhudia
	V. H. Bhudia	(appointed	30/09/2020)
	P. K. Hirani	(appointed	30/09/2020)
	D. B.Khetani	(appointed	30/09/2020)
	G. K. Hirani	(appointed	30/09/2020)
	L. H Virji	(appointed	30/09/2020)
	S.P. Hirani	(resigned	26/09/2020)
	K.S.Varsani	(resigned	26/09/2020)
	P. P. Dabasia	(resigned	26/09/2020)
Charity number	266260
Principal address	220-222 Willesden Lane
	London
	NW2 5RG
Auditors	Goldwins Limited
	75 Maygrove	Road
	London
	NW6 2EG
Bank	Barclays Bank
	Willesden Green
	London
	NW3 5JS
Solicitors	Sheridan and	Stretton
	233 King Street
	London
	W6 9LP

FOR THE YEAR E	NDED 31 D	ecember	2020
						2020	2019
			Endowment	Unrestricted	Restricted	Total	Total
		Note	Funds	Funds	Funds	Funds	Funds
Income from:
Donations and legacies				582,325	44,300	626,625	1,615,975
Charitable activities				313,138		313,138	83,403
Other trading activities				13,910		13,910	44,240
Investment income				684		684	8,244
Total income				910,057	44,300	954,357	1,751,862
Expenditure on:
Raising funds				39,172		39,172	51,433
Charitable activities				266,177		266,177	428,184
Total expenditure				305,349		305,349	479,617
Net income for the	year			604,708	44,300	649,008	1,272,245
Transfers between	funds
Net movement in funds				604,708	44,300	649,008	1,272,245
Reconciliation of	funds:
Total funds brought	forward		946,315	10,632,782	2,105,516	13,684,613	12,412,368
Total funds carried forward		15	946,315	11,237,490	2,149,816	14,333,621	13,684,613

			2020		2019
		Note
Fixed Assets:
Tangible fixed assets		10		15,760,556		15,741,461
Current Assets:
Debtors Cash at bank and in hand			80,581 478,233		206,534 807,971
			558,844		1,014,505
Creditors: Amounts	falling due within
one year:		42	(943,279)		(1,193,853)
Net Current liabilities				(384,435)		(179,348)
Creditors: Amounts	falling due in
more than one year:				(1,042,500)		(1,877,500)
Total net assets				14,333,621		13,684,613
Reserves:
Endowment funds Unrestricted -General funds Restricted funds - Building fund				946,315 11,237,490 2,149,816		946,315 10,632,782 2,105,516
		14		14,333,621		13,884,613

				Note	2020	2020	2019	2019
								F
Net cash provided by / (used in) operating
activities				16		(301,174)		1,775,282
Cash flows from investing	activities:
Sale/ (purchase) offixed assets					(28,534)		(2,939,169)
Cash provided by / (used	in) investing	activities				(28,534)		(2,939,169)
Change in cash and cash	equivalents	in the year				(329,708)		(1,163,887)
Cash and cash equivalents	at the beginning		ofthe year			807,971		1,971,858
Cash and cash equivalents	at the end	of	the year	17		478,263		807,971

FO	R THE YEAR ENDED 3	R THE YEAR ENDED 3	R THE YEAR ENDED 3	1 December 2020	1 December 2020
2.	Detailed comparatives			for the statement		offinancial	activities
								2019	2019	2019
						Endowment		Unrestricted	Restricted	Total
							Funds	Funds	Funds	Funds
	Incoming from:
	Donations and legacies							756,679	859,296	1,615,975
	Charitable activities							83,403		83,403
	Other trading activities							44,240		44,240
	Investment income							8,244		8,244
	Total income							892,566	859,296	1,751,862
	Expenditure on:
	Raising funds							51,433		51,433
	Charitable activities							428,184		428,184
	Total expenditure							479,617		479,617
	Net income I(expenditure)				for the year			412,949	859,296	1,272,245
	Transfers between	funds						954,979	(954,979)
	Net movement in funds							1,367,928	(95,683)	1,272,245
	Reconciliation of	funds:
	Total funds brought		forward				946,315	9,264,854	2,201,199	12,412,368
	Total funds carried		forward				946315	10632782	2 105516	13684613
3.	Income from donations								2020	2019
						Unrestricted		Restricted	Total	Total
										E
	Donations						582,325	44,300	626,625	1,615,975
							582,325	44,300	626,625	1,615,975
4.	Income from charitable				activities				2020	2019
						Unrestricted		Restricted	Total	Total
										E
	Religious activities						313,138		313,138	83,403
							313,138		313,138	83,403

							, 313,138	, 313,138		, 313,138	, 83,403
	The	above represents		rental	income	received	in respect of housing		provided	to elderly members	of the
	Trust	in	order to position	them	close to	the Temple to enable them		to visit and take part in various festivals.
5	Income		from other trading activities							2020	2019
							Unrestricted	Restricted		Total	Total
											E
	Temple		hall hire				13,910			13,910	44,240
							13,910			13,910	44,240
6	Income		from investments							2020	2019
							Unrestricted	Restricted		Total	Total
											E
	Bank	interest					684			684	8,244
							684			684	8,244

Analysis ofexpen	d	iture
			Cost of
			raising	Charitable	Support	Governance	2020	2019
			funds	Activities	costs	costs	Total	Total
Rates and services			5,218		9,276		14,494	6,553
Insurance					20,009		20,009	44,423
Light and heat			10,738		48,237		58,975	41,154
Repair and maintenance			15,626		48,567		64,193	25,073
Cleaning					12,118		12,118	8,363
Telephone			873		2,905		3,778	2,591
Legal 8 professional		fees	6,717				6,717	675
Depreciation					9,439		9,439	9,056
Gujarati school expenses				5,272			5,272	6,466
Academy expenses				180			180	7,727
Festival expenses				71,074			71,074	273,024
Calendars and CDS				9,461			9,461	11,090
Wages and salaries				21,250			21,250	21,233
Governance								9,789
Bank charges						1,189	1,189
Audit fees						7,200	7,200	12,400
			39,172	107,237	150,551	8,389	305,349	479,617
Support costs				150,551	(150,551)
Governance costs				8,389		(8,389)
Total expenditure		2020	39,172	266,177			305,349
Total expenditure	2019		51,433	428,184				479,617

8.	Net income / (expenditure)	for the year
	This is stated after charging	I(crediting):		2020	2019
					F
	Depreciation			9,439	9,056
	Auditors remuneration			7,200	12,400
9.	Analysis ofstaff costs, trustee remuneration		and expenses,	and the cost ofkey management
	personnel
	Staff costs were as follows:			2020	2019
					F
	Salaries and wages			21,250	21,233
				21,250	21,233

The avera as follows:	ge number of empl	oyees (head count	based on number	of staff empl	oyed) during	the year was
					2020	2019
					No.	No.
Employees					4	3
					4	3
Tangible fixed assets
		Freehold
		land and	Fixtures and	Golden
		buildings	fittings	cradlef	Jewellery	Total
Cost
At the start ofthe year		14,812,811	129,464	62,960	871,565	15,876,800
Additions	in year		8,346		20,188	28,534
Disposals	in year
At the end	ofthe year	14,812,811	137,810	62,960	891,753	15,905,334
Depreciation
At the start ofthe year		19,625	115,714			135,339
Charge for the year		2,074	7,365			9,439
Eliminated	on disposal
At the end	ofthe year	21,699	123,079			144,778
Net book	value
At the end ofthe year		14,791,112	14,731	62,960	891,753	15,760,556
At the start ofthe year		14,793,186	13,750	62,960	871,565	15,741,461

Debtors
				2020	2019
					F
Prepayment	and accrued income			80,581	206,534
				80,581	206,534
Creditors:	amounts		falling due within one year
				2020	2019
					F
Other creditors				54,679	44,653
Accruals				6,600	10,200
Concessionary		loans		882,000	1,139,000
				943,279	1,193,853
Creditors:	amounts		falling due after one year
				2020	2019
Concessionary		loans		1,042,500	1,877,500
				1,042,500	1,877,500

Analysis o	f net assets between	funds
			Endowment	Unrestricted	Restricted	Total
			funds	funds	funds	funds
				f
Tangible fixed assets			946,315	12,664,425	2,149,816	15,760,556
Net current	liabilities			(384,435)		(384,435)
Long term	liabilities			(1,042,500)		(1,042,500)
Net assets	at the end ofthe year		946,315	11,237,490	2,149,816	14,333,621
			Endowment	Unrestricted	Restricted	Total
Analysis of net assets between		funds 2019	funds	funds	funds	funds
				f
Tangible fixed assets			946,315	12,689,630	2,105,516	15,741,461
Net current	liabilities			(179,348)		(179,348)
Long term	liabilities			(1,877,500)		(1,877,500)
Net assets	at the end ofthe year		946,315	10,632,782	2,105,516	13,684,613

Movements in fun	ds
			At the start				At the end of
			ofthe year	Income	Expenditure	Transfers	the year
Endowment funds:
Temple endowment		funds	946,315				946,315
Total Endowment	funds		946,315				946,315
Restricted funds:
Regeneration project		fund	2,105,516	44,300			2,149,816
Total restricted funds			2,105,516	44,300			2,149,816
Unrestricted funds:
Designated funds			954,979				954,979
General funds			9,677,803	910,057	(305,349)		10,282,511
Total unrestricted	funds		10,632,782	910,057	(305,349)		11,237,490
Total funds			13,684,613	954,357	(305,349)		14,333,621
Movements in funds 2019
			At the start				At the end of
			ofthe year	Income	Expenditure f	Transfers	the year
Endowment funds:
Temple endowment		fund	946,315				946,315
Total Endowment	funds		946,315				946,315
Restricted funds:
Thaal fund			791,665	163,314		(954,979)
Regeneration project		fund	1,409,534	695,982			2,105,516
Total restricted funds			2,201,199	859,296		(954,979)	2,105,516
Unrestricted funds:
Designated funds						954,979	954,979
General funds			9,264,854	892,566	(479,617)	-	9,677,803
Total unrestricted	funds		9,264,854	892,566	(479,617)	954,979	10,632,782
Total funds			12,412,368	1,751,862	479,617		13,684,613
Purposes offunds:

16.Reconciliation ofnet income	16.Reconciliation ofnet income	/ (expenditure)	/ (expenditure)	to net cash flow from operating	activities
					2020	2019
						F
Net income /(expenditure) for the			reporting	period	649,008	1,272,245
(as per the consolidated statement			offinancial activities)
Depreciation					9,439	9,056
(Increase)/ decrease	in debtors				125,953	(48,982)
Increase/ (decrease)	in creditors				(1,085,574)	542,963
Net cash provided	by / (used	in) operating		activities	(301,174)	1,775,282

			At the start		Other At the end of	Other At the end of
			ofthe year	Cash flows	changes	the year
				E	E
Cash	at bank and	in hand	807,971	(329,708)		478,263
Total	cash and cash equivalents		807,971	(329,708)		478,263