## ## ||||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| ## ##