2020-12-31-accounts

			Pages
Trustees' Report
Independent	Auditor's Report		10
Consolidated	and Charity	Statement ofFinancial Activities	14
Consolidated	and Charity	Balance Sheet	15
Consolidated	and Charity	Cash Flow Statement	16
Notes to the	Consolidated	Accounts	17-33

Trustees and Principal Advisors:	Trustees and Principal Advisors:	Trustees and Principal Advisors:
Charity Registration		number	273425
Trustees:			Jitendrakumar	M	Patel
			Amer Parekh
			Arvindkumar	P Patel (Resigned on 30/11/2020)
			Bhavik Patel (Appointed			on 01/1	2/2020)
Administrative	Secretary:		Arvindkumar	P Patel
Country ofregistration:			England
Principal Office:			105-119Brentfield Road
			Ness den
			London
			NW10 8LD
			Telephone:		020 89652651
			Fax: Email:		020 89656313 ~fk.b
					info	londonmandir.		ba sor
			Web:		londonmandir.		a s.or
Independent	Auditors:		PKF Littlejohn	LLP
			15Westferiy Circus
			Canary Wharf
			London
			E149HD
Principal Bankers:			Punjab National Bank (International)					Ltd
			188Ealing Road
			Wembley HAO 4QD.
			Bank ofBaroda
			86The Broadway
			Southall UB1	IQD
Solicitors:			Hugh Cartwright		&Amin
			12John Street
			London
			WC1N 2EB

			The Group	The Group	The Charity	The Charity
			—unrestricted	funds	-unrestricted	funds
		Notes	2020	2019	2020	2019
Income from:
Donations and legacies		2	21,408	1,732,517	714481	2,552,211
Trading income		3	5,615,446	7,000,305
Investment income		4	139,640	630,187	222,034	483,241
Other income		5	158,603
Total income			5,935,097	9,363,009	936,315	3,035,452
Expenditure on:
Raising funds —trading		3	5,267,156	6,334,464
expenditure
Charitable activities:
advancement ofthe Hindu faith		6	1,142,666	1,788,670	1,084,528	1,744,657
Total expenditure			6,409,822	8,123,134	1,084,528	1,744,657
Net (expenditure)/income	before	7	(474,725)	1,239,875	(148,213)	1,290,795
net losses on investments
Net (losses)/gains on investments		8	(1,473,363)	204,407	(1,473,363)	204,407
Net (expenditure)/income	before
other recognised gains and	losses		(1,948,088)	1,444,282	(1,621,576)	1,495,202
Gains on foreign exchange			558		558
Net movement in funds			(1,947,530)	1,444,212	43,623,020~1495,202
Balance at the beginning	ofthe year		22,510,444	21,066,162	22,856,511	21,361,309
Balance at the end ofthe	year		20,562,914	22,510,444	21,235,493	22,856,511
Attributable to:
Charity		23	(1,957,453)	1,438,412	(1,621,018)	1,495,202
Non-controlling interest		24	9,923	5,870
			(1,947,530)	1,444,282	(1,621,018)	1,495,202

			The Group	The Group	The Charity	The Charity
			2020	2019	2020	2019
		Notes
Fixed assets:
Intangible fixed assets		13	605,231	644,919
Tangible fixed assets		14	9,322,729	9,601,615	2,994,065	3,053,442
Investment properties		15
Investments in subsidiaries		16			1,819,306	1,819,306
Investments in listed shares		17	1,326,393	1,882,135	1,326,393	1,882,135
Fixed deposit investments		18	6,105,835	7,469,915	6,105,835	7,469,915
			17,360,188	19,598,584	12,245,599	14,224,798
Current assets:
Stock - goods for resale			495,497	445,785
Debtors		19	920,565	412,710	6,383,136	6,501,028
Cash at bank and in	hand		5431,014	5,143,843	3,820,132	3,504,059
			6,647,076	6,002,338	10,203)268	10,005,087
Liabilities:
Creditors: amounts	falling due
within one year		20	(2,824,568)	(3,020,378)	(1,213,374)	(1,373,374)
Net current assets			3,822,508	2,981,960	8,989,894	8,631,713
Total assets less current liabilities			21,182,696	22,580,544	21,235,493	22,856,511
Creditors: amounts	falling due	21	(550,000)
after one year
Provision for liabilities		22	(69,782)	(70,100)
Total net assets			20,562,914	22,510,444	21,235,493	22,856,511
Funds:
Unrestricted income	funds	23	20,537,772	22,495,225	21,235,493	22,856,511
Non-Controlling Interest		24	25,142	15,219
Total funds			20,562,914	22,510,444	21,235,493	22,856,511

					The Group	The Group	The Charity	The Charity
					2020	2019	2020	2019
				Notes
Net cash (used in) /provided			by
operating activities				25	(723,366)	1,875,758	(162,420)	1,108,242
Cash flows from investing		activities:
Dividend income					26,942	115,896	26,942	115,896
Profits trom Option Trading					13,621	129,255	13,621	129,255
Purchase ofintangible fixed		assets			(59,489)	(49,600)
Purchase offixed assets					(153,223)	(380,706)
Purchase oflisted shares					(94,434)		(94,434)
Purchase ofOther Investments					(836,808)	99,300	(836,808)	99,300
Proceeds from sale ofTFAs						143,000
Interest received					112,698	127,811	195,092	238,090
Net decrease in long term deposits					1,364,080	(464,516)	1,364,080	(464,516)
Net cash provided by investing
activities					373,387	(279,560)	668,493	118,025
Cash flows from financing
activities:
Increase in other loans					360,000	170,010	190,000	170,010
Net cash provided by financing
activities					360,000	170,010	190,000	170,010
Change in cash and cash
equivalents in the year					10,021	1,766,208	316,073	1,396,277
Cash and cash equivalents	at	the
beginning ofthe year					5,024,464	3,258,256	3,504 059	2,107,782
Cash and cash equivalents		at	the
end ofthe year				26	5,034,485	5,024,464	3,820,132	3,504,059

Income fro		m donations	and legacies
					Group		Charity
				2020	2019	2020	2019
Donations				21,408	1,704,016	714281	2 552211
Donated services					28,501
				21,408	1,732,517	714,281	2,552,211
Income and		expenditure	from trading	activities
					Group		Charity
				2020	2019	2020	2019
Turnover				5,615,446	7,000,305
Expenditure:
Cost ofsales				3,322,329	4,036,988
Operating expenses				689,986	984,942
Management		expenses		104,198	136,480
Staffcosts				433,736	455,425
Depreciation		—own assets		471,907	443,338
Corporation	tax				52,364
Deferred tax					13,600
Donations				245,000	210,551
Loss on disposal oftangible			fixed assets		776
Total costs oftrading activities				5,267,156	6,334,464
Net Income	from trading		activities	348890	665,841

4.	Income from investments	Income from investments
					Group			Charity
				2020		2019	2020	2019
	Interest in bank deposits			112,698	127,811		195,092	238,090
	Dividends received and income from
	derivatives			26,942	115,896		26,942	115,896
	Option trading				129,255			129,255
	Other receipts				257,225
				139,640	630,187		222,034	483,241
5.	Other income
					Group			Charity
				2020		2019	2020	2019
	Government Grants —JRSscheme			158,603
				8158,603
6.	Expenditure on charitable activities: advancement				ofthe	Hindu faith
					Group			Charity
				2020		2019	2020	2019
	Donations			1,000,500	1,638,000		1,000,000	1,638,000
	Premises costs			8,256		5,550	6,724	5,500
	Other expenses			45,175		57,242	(131)	41,780
	Depreciation			59,377		59,377	59,377	59,377
	Governance costs			29,358		28,501	18,558
				1,142,666	1,788,670		1,084,528	1,744,657
	All the above costs other	than donations are support costs.
	Net income/(expenditure)		for the year
	Net income/(expenditure	for	the year is stated after charging/(crediting):
					Group			Charity
				2020		2019	2020	2019
	Amortisation ofintangible	assets		99,177	99,209
	Depreciation offixed assets - owned Depreciation offixed assets —hire purchase			432,109	403,506		59,377	59,377
	Impairment ofinvestment	properties
	Operating lease rentals - property			171,915	288,201
	Auditors' remuneration (excluding VAT):
	Audit			27,000	28,501		15,000
	Tax compliance			6,600

			Group		Charity
		2020	2019	2020	2019
(Loss)/Gain	on listed equity investments	(1,473,363)	204,407	(1,473,363)	204,407
		(f.1,473,363)	K 204,407	(K1,473,363)	-f, 204,407
Analysis of	staff costs
			Group		Charity
		2020	2019	2020	2019
			f
Salaries and	wages	1,470,466	1,744,873
Social security costs		60,595	155,246
Pension		85,078	28,525
		K1,616,139	K1,928,644

follows:
				Group			Charity
			2020		2019	2019		2018
Merchandising	and	trading	77		76

				2020	2019
Amount	due from related	party	at the balance
sheet date				k~25	K15202

	Goodwill	Other	Total
Cost:
At start ofthe year	988,133	57,142	1,045,275
Additions in year		59,489	59,489
Disposals in year
At end ofthe year	988,133	116,631	1,104,764
Amortisation
At start ofthe year	395,252	5,104	400,356
Charge for the year	98,813	364	99,177
Eliminated on disposal
At end ofthe year	494,065	5,468	499,533
Net BooliValue
At end ofthe year	494,068	111,163	605,231
At start ofthe year	592,881	52,038	644,919

14.	Tangible fixed assets
(a)	Group		Short
		Freehold	Leasehold	Fixtures	&	Motor
		P~ro e	P~ro e	~fittin	s	Vehicles	Total
	Cost
	At start ofthe year	9,792,437	193,269	2,265,566		76,981	12,328,253
	Additions in year	109,309		43,914			153,223
	Disposals in year
	At end ofthe year	9,901,746	193,269	2,309,480		76,981	12,481,476
	D~iti
	At start ofthe year	1,185,473	85,994	1,380,702		74,469	2,726,638
	Charge for the year	312,276	12,079	107,754		-	432,109
	Eliminated on disposal
	At end ofthe year	1,497,749	98,073	1,488,456		74,469	3,158,747
	Net BookValues:
	At end ofthe year	8,403,997	95,196	821,024		2,512	9,322,729
	At start ofthe year	8,606,964	107,275	884,864		62,512	9,601,615
(b)	Charity
						Freehold
						grroe	Total
	Cost or valuation
	At start ofthe year					3,373,525	3,373,525
	Additions in year
	Disposals in year
	At end ofthe year					3,373,525	3,373,525
	~Di tt
	At start ofthe year					320,083	320,083
	Charge for the year					59,377	59,377
	Eliminated on disposal
	At end ofthe year					379,460	379,460
	Net BookValues:
	At end ofthe year					2,994,065	2,994,065
	At start ofthe year					3,053,442	3,053,442

	The	Group	The Charity
	2020	2019	2020	2019
				f,
Cost at start ofthe year		141,000
Additions
Disposals		(141,000)
Cost at end ofthe year

England and Wales:
					Percent	of
T~BCh it			2020	Cost 2019	ordinary ~hih	share id Ni		TB
Says Enterprises Limited			860,002	860,002	100%		Food manufacturers		and retail
Says Enterprises (Birmingham)			100	100	100%		Food manufacturers		and retail
Limited
Cultural Festival of	India Limited		200,000	200,000	100%		Sale ofpublications
Akshar (Design &Build) Limited			I	I	100%		Design and construction of
							buildings
Herbygreen Properties Limited			I	I	100%		Holding	and managing
							properties
Says Enterprises (Leicester) Limited			2		100%		Food manufacturers		and retail
BAPS (UK) Limited			2		100%		Dormant
BAPS Swaminarayan	Herbal
Care Ltd			2	2	100%		Dormant
The Swaminarayan	Hindu
Mission Limited			2	2	100%		Dormant
BAPS Care Limited			2	2	100%		Dormant
BAPS Swaminarayan	Sanstha	Limited	2	2	100%		Dormant
BAPS International	Limited		2	2	100%		Dormant
Ammt Herbal Care	Ltd		2	2	100%		Dormant
Bank House Lockers Ltd			759,184	759,184	76%		Safety deposit lockers
Says Enterprises (Manchester)		Limited	2	2	100%		Dormant
		81,819,306		f.1,819,306

	Says Enterprises Ltd	Says Enterprises Ltd	Cultural Festival ofIndia	Cultural Festival ofIndia
			Ltd
	(Company No: 02685176)		(Company No:	01871204)
	2020	2019	2020	2019
Turnover	4,147,460	4,380,616	117,871	409,544
Net interest (payable)/receivable	(83,320)	(112,730)	77	154
Deed ofcovenant to parent undertaking (Loss)/profit for the financial year	(666,241) (187,464)	(544,837) (398,240)	(31,306) 1,745	(198,181) 1,549
Fixed assets	5,827,198	5,953,904	2,851	3,799
Current assets	2,122,792	1,565,461	221,665	395,941
Creditors due within one year	(894,914)	(876,825)	(34,374)	(211,343)
Creditors due after more than one year	(6,154,664)	(5,554,664)
Net assets	900)412	1,087,876	190,142	188,397
	Shayona Restaurants Ltd		Shayona (Pinner) Ltd
	(Company No: 06706762)		(Company No: 07677868)
	2020	2019	2020	2019
Turnover	385,225	848,971	537,276	605,694
Other operating income
Net interest (payable)/receivable
Deed ofcovenant to parent undertaking
(Loss)/Profit for the financial year	(78,179)	139,991	22,637	(12,699)
Fixed assets	743,955	790,819	115,926	130,626
Current assets	34,344	105,545	152,747	100,322
Creditors due within one year	(577,765)	(617,334)	(251,788)	(236,700)
Creditors due atter more than one year			(251,279)	(251,279)
Net assets/(liabilities)	187,251	265,430	(234,394)	(257,031)

nvestments in	subsidiaries, continued
		Bank House Lockers Ltd
		(Company No:	02763905)
		2020	2019
			K
Turnover		768,605	803,628
Other operating	income	43,754	8,402
Net interest receivable Deed ofcovenant to parent undertaking		680	1,297
Profit for the	financial year	41,346	24,459
Fixed assets		511,911	481,730
Current assets		814,263	748,980
Creditors due within one year		(1,114,920)	(1,110,802)
Creditors due atter more than one year		(50,000)
Provisions for liabilities		(56,500)	(56,500)
Net assets		104,754	63,408

Investme	nts in listed shares
		The	Group	The	Charity
		2020	2019	2020	2019
				6
Fair value	at start ofthe year	1,882,135	1,790,528	1,882,135	1,790,528
Additions	at cost	931,242	-	931,242
Disposal	proceeds	(13,621)	(99,300)	(13,621)	(99,300)
Net (loss)/gain on change in fair value		(1,473,363)	190,907	(1,473,363)	190,907
Fair value	at end ofthe year	1,326,393	1,882,135	1,326,393	1,882,135

Fixed de	posit investments
		The	Group	The	Charity
		2020	2019	2020	2019
Fair value	at stait ofthe year	7,469,915	7,005,399	7,469,915	7,005,399
Additions	at cost		464,516		464,516
Disposals	at cost	(1,364,080)		(1,364,080)
Fair value	at end ofthe year	6,105,835	7,469,915	6,105,835	7,469,915

Debtors
			Group			Charity
			2020	2019	2020	2019
Trade Debtors			369,378	105,371
Amounts due	from subsidiary	undeitakings			6,196,545	6,411,259
Prepayments	&accrued income		167,157	70,340	163,969	67,152
Other debtors			384,030	236,999	22,622	22,625
			920,565	412,710	6,383,136	6,501,036

reditors: Amounts falling due w	ithin one year
		Group		Charity
	2020	2019	2020	2019
		f.
Bank loans and overdrafts	196,529	119,379
Trade creditors	213,500	201,405
Taxation		52,538
Social security and other taxes	58,897	130,079
Other creditors	728,699	708,604	12,000
Other loans	1,183,374	1,373,374	1,183,374	1,373,374
Accruals &deferred income	443,569	434,999	18,000
	2,824,568	3,020,378	1,213,374	1,373,374

22.	Provision for liabilities
	Deferred tax on accelerated		capital allowance
								Group		Charity
	Balance at start ofthe year								70,100
	Deferred tax provided								(317)
	Balance at end ofthe year								69,783
23.	Funds
								Group		Charity
	Unrestricted funds
	Balance at start ofthe year							22,495,225		22,856,511
	Net (loss)/gain on change in		fair value ofinvestments					(1,473,366)		(1,473,366)
	Net movement for the year							(484,087)		(147,652)
	Balance at end ofthe year							20,537,772		21,235,493
24.	Non-controlling interest
								Group		Charity
	Balance at start ofthe year								15,219
	Net movement attributable	to Non-controlling			interest				9,923
	Balance at end ofthe year							25,142
25.	Reconciliation ofnet (expenditure)/income				to net cash flow		from operating		activities
						Group				Charity
					2020		2019		2020	2019
	Net (expenditure)/income for the
	repoding period			(1,947,530)		1,444,282		(1,621,018)		1,495,202
	Depreciation and amortisation		charges		531,286	502,715			59,377	59,377
	Corporation tax charge						65,964
	Net losses/(gains) on investments			1,473,363		(190,907)		1,473,363		(190,907)
	Dividends, interest and rent	fiom
	investments Loss on disposal offixed assets			(139,640)		(372,962) 776			(222,034)	(483,241)
	(Increase) in stock				(49,712)		(4,512)
	Decrease in debtors				507,855	344,316			117,892	227,881
	(Decrease)/Increase in creditors				(83,278)		99,912		30,000
	Corporation tax paid					(13,826)
	Net cash (used in)/provided		by
	operating activities			(723,366)		1,875,758			(162,420)	1,108,242

Analysis ofcash and cash equivalents	Analysis ofcash and cash equivalents	-Group
		At 1			At 31
		January		Other	December
		2020	Cash flows	~chan es	2020
Cash at bank and in Overdraft repayable	hand on demand	5,143,843 (119,379)	87,171 (77,150)		5,231,014 (196,529)
		5,024,464	10,021		5,034,485
Analysis ofcash and cash equivalents		-Charity
		At 1			At 31
		January		Other	December
		2020	Cash flows	~chan es	2020
Cash at bank and in	hand	3,504,059	316,073		3,820,132
		3,504,059	316,073		3,820,132

The each	group's total future minimum lease paym ofthe following periods:	ents under non-cancellable operating le	ases is as follows fo
			Property
		2020	2019
Less One Over	than one year to five years five years	171,915 555,950 357,950	184,585 616,090 488,825
		f,1,085,745	$1,289,500