2022-12-31-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

				The Group	The Group	The Charity	The Charity
				—unrestricted	funds	- unrestricted	funds
			Notes	2022	2021	2022	2021
Income from:
Donations and legacies			2	7,509,060	2,009,376	8,795@82	2,679,904
Trading income			3	8,704,782	6,415,103
Investment income			4	306489	274,759	332,607	250,924
Other income			5		244,837
Total income				16,520,431	8,944,075	9,127,989	2,930,828
Expenditure on:
Raising funds —trading			3	7,816,561	6,122,578
expenditure
Charitable activities:
advancement ofthe Hindu		faith	6	7475,557	l62,155	7280,050	87,862
Total expenditure				15,192,118	6,284,733	7/80,050	87,862
Net income before net losses on			7	1,328,313	2,659,342	1,847,939	2,842,966
investments
Net gains on investments			8	36,403	317,773	36,403	3)7,773
Net income before other
recognised gains and losses				1464,716	2,977,115	1,884442	3,160,739
Loss on foreign exchange					(1,9)4)		(1,914)
Net movement in funds				1364716	2975281	1884342	3158925
Balance at the beginning	ofthe year			23,538,115	20,562,914	24494418	21,235,493
Capital redemption						(859,902)
Balance at the end ofthe year				24802,831	23,538,115	25,418,758	24,394,318
Attributable to:
Charity			23	1/60/64	2,97l,226	1,024,440	3,158,8 5
Non-controlling interest			24	4,452	3,975
				1464,716	2,975,201	1,024,440	3,158,825

			The Group	The Group	The Charity	The Charity
			2022'-	2021	2022	202t
		Notes
Fixed assets:
Intangible fixed assets		13	407,392	518,312
Tangible fixed assets		14	8,812,118	9.087,264	2,875,31Z	2.934.688
Investment properties		15
Investments in subsidiaries		16			959496	1,819,304
Investments in listed shares		17	1,633,475	1,597,072	1,633,475	1,597,072
Fixed deposit investments		IS	12497,005	11.321,409	12497,005	11,321,409
			23449,790	22.524,057	17,865,188	17,672,473
Current assets:
Stock - goods for resale			648v232	579,192
Debtors		19	1,146,414	678,314	6,924493	6,295,402
Cash at bank and in	hand		3,533458	3,198,084	1,727,963	1,470,047
			5428,004	4,455,590	8,652456	7,765,449
Liabilities:
Creditors: amounts	falling due
within onc year		ZP	(3,154,863)	(2,876,471)	(1,098,786)	(1,043,604)
Net current assets			2,173,141	1,579,119	7453470	6,721,845
Total assets less current liabilities			25,422,931	24,103.176	25,418,758	24494318
Creditors: amounts	falling due	21	(450,000)	(495,278)
alter one year
Provision for liabilities		22	(70,100)	(69.783)
Total net assets			24,902,831	23,538,115	25,418&758	24,394,318
Funds:
Unrestricted income	funds	23	24,869462	23,508,998	25,418,758	24,394.31S
Non-Controlling Interest		24	33,569	29,117
Total funds			24,902,831	23.538,115	25,418,758	24,394,3 I8

					The Group	The Group	The Charity	The Charity
					2022	2021	2022	2021
				Notes	f
Net cash provided by
operating activities				25	1474477	3,234,531	943,905	2,729,469
Cash flows from investing		activities:
Dividend income					92,585	57,708	92,585	57,708
Profits from Option Trading						47,096		47,096
Purchase ofintangible fixed		assets			(1,600)	(25,742)
Purchase offixed assets					(179,850)	(221,723)
Purchase oflisted shares
Purchase ofOther Investments
Proceeds from sale ofTFAs
Interest received					214,004	217,051	240,021	193,216
Net (increase)/decrease in long term					(1,075,596)	(5,215,574)	(1,075/96)	(5,215,574)
iieposits
Net cash used in investing		activities
					(950,457)	(5,141,184)	(742,990)	(4,917,554)
Cash flows from tinancing
activities:
(Decrease)/increase in other		loans			11,723	(162,000)	57,001	(162,000)
Net cash (used in)/provided			by
financing activities					11,723	(162,000)	57,001	(162,000)
Change in cash and cash
equivalents in the year					435,643	(2,068,653)	257,916	(2,350,085)
Cash and cash equivalents	at		the
beginning ofthe year					2,965,832	5,034,485	1,470,047	3,820,132
Cash and cash equivalents		at the
end ofthe year				26	3,401,475	2,965,832	1,727,963	1,470,047

Income fro	m	donations	and legacies
					Group		Charity
				2022	2021	2022		2021
Donations Donated services				7,509,060	2,009,376	8,795,382	2,679,904
				7,509,060	2,009,376	8,795482	2,679,904
Income and		expenditure	from trading	activities
					Group		Charity
				2022 I.	2021I	2022		2021
Turnover				8,704,782	6,415,103
Expenditure:
Cost ofsales				4,923,383	3,789,131
Operating expenses				1,543,551	860,878
Management		cxpenscs		37,937	152,070
Staffcosts				455416	599,012
Depreciation	—own assets			499,093	490,588
Corporation	tax				36.609
Deferred tax
Donations				350,000	212,000
Loss/(profit)on		disposal of
tangible fixed		assets		7,381	(17,710)
Total costs of		trading activities		7,816,561	6,122,578
Net Income	from trading		activities	888421	292,525

4.	Income from	investments
				Group		Charity
			2022	2021	2022	2021
	Interest in bank deposits		165,778	97,959	240,022	181,166
	Dividends received and income from
	derivatives		92,585	57,708	92,585	57,708
	Option trading
	Other receipts		48,226	119,092		12,050
			306,589	274,759	332,607	250,924
5.	Other income
				Group		Charity
			2022	2021	2022	2020
	Government	Grants —JRS scheme		f244,837

Expenditure	on charitable	activities: advancement	ofthe Hindu fai	th
			Group		Charity
		2022	2021	2022		2021
Donations		7,200,000		7,200,000
Premises costs		24,774	33,452	7,563		6,684
Other expenses		57,613	36,596	(3,458)		3,171
Depreciation		59,377	59,377	59,377		59,377
Governance	costs	33,793	32,730	16,568		18,630
		7475,557	162,155	7480,050		87,862

			Group		Charity
		2022	2021	2022		2021
Amortisation ofintangible assets		112,720	112,661
Depreciation offixed	assets - owned	445,752	437,307	59,377		59,377
Operating lease rentals	- property	171,915	171,915
Auditors' remuneration	(excluding VAT):
Audit		27,000	27,000	16,568		15,000
Tax compliance		6,793	6,600

	Gains on investment assets These comprise:
			Group		Charity
		2022	2021	2022	2021
	Gains on listed equity investments	36,403	317,773	36,403	317,773
		f36,403	6317,773	f36,403	f317,773
9.	Analysis ofstaff costs
			Group		Charity
		~20 2	2021	2022f	2021
	Salaries and wages	2,034,500	1,712,108
	Social security costs	177,917	138,057
	Pension	34,633	30,105
		62447,050	61,880,270

The Charity is exempt	The Charity is exempt	from corporation	tax as all its income	tax as all its income	tax as all its income	is charitable	and is applied	and is applied	for charitable
purposes. The Charity's ofthe subsidiaries in the 6Nil).		trading subsidiaries year is disclosed in		donate available note 16and there	profits to the parent charity. was acharge to corporation			The performance tax offNil (2021:
Intangible fixed assets
The Group
						Goodwill	Other		Total
							f.
Cost:
At start ofthe year						988,133	142,373		1,130,506
Additions in year							1,600		1,600
Disposats in year
At end ofthe year						988,133	143,973		1,132,106
Amortisation
At start ofthe year						592,878	19,316		612,194
Charge for the year						98,813	13,907		112,720
Eliminated on disposal
At end ofthe year						691,691	33,223		724,914
Net BookValue
At end ofthe year						296,442	110,750		407,192
At start ofthe year						395,255	123,057		518312

14.	Tangible fixed assets
(a)	Group		Short
		Freehold	Leasehold	Fixtures	tk	Motor
		~Pro	~Pro e	~fittin	s	Vehicles	Total
	Cost
	At start ofthe year	9,980,727	193,269	2,370,888		76,981	12,621,865
	Additions in year	2,700		177,150			179,850
	Disposals in year			(59,724)			(59,724)
	At end ofthe year	9,983,428	193,269	2,488,3	14	76,981	12,741,991
	~»
	At start ofthe year	1,814,118	110,152	1,535,862		74,469	3,534,601
	Charge for the year	317,572	12,079	116,101			445,752
	Eliminated on disposal			(50.479)			(50,479)
	At end ofthe year	2,131,690	122,231	1,601,484		74,469	3,929,874
	Net BookValues:
	At end ofthe year	7&851,738	71,038	886,830		2,512	8,812,118
	At start ofthe year	8,166,609	83,117	835,026		62,512	9,087,'264
(b)	Charity
						Freehold
						~ro	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
	~»
	At start ofthe year					438,837	438,837
	Charge for the year					59,376	59,377
	Eliminated on disposal
	At end ofthe year					498,213	498,214
	Net BookValues
	At end ofthe year					2,875412	2,875412
	At start ofthe year					2,934,668	2,934,668

	The	Group	The Charity
	2022	2021	2022	202]f
Cost at start ofthe year
Additions
Disposals
Cost at end ofthe year

England and Wales:
					Percent of
~Th Ch			2ll22	Cost 2221	ordinary share ~il h Id N			CB
Saya Enterprises Limited			100	860,002	100%		Food manufacturers		and retail
Saya 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					100%		Design and construction of
							buildings
Herbygreen Properties Limited					100%		Holding	and managing
							properties
Saya Enterprises (Leicester) Limited			2		100%		Food manufacturers		and retail
BAPS (UK) Limited			2		100%		Dormant
BAPS Swaminarayan	Herbal
Care Ltd				2	100%		Dormant
The Swaminarayan	Hindu
Mission Limited					100%		Dormant
BAPS Care Limited			2		100%		Dormant
BAPS Swaminarayan	Sanstha	Limited	2		100%		Dormant
BAPS International	Limited		2	2	100%		Dormant
Amrut Herbal Care	Ltd		2	2	100%		Dormant
Bank House Lockers Ltd			759,184	759,184	76%		Safety deposit lockers
Saya Enterprises (Manchester)		Limited	2	2	100%		Dormant
		8959,402		81,819,304

summary ofthe resu	lts ofthe material t	rading subsidiaries are shown bel	rading subsidiaries are shown bel	ow:	ow:	ow:
		Saya Enterprises Ltd		Cultural Festival ofIndia
					Ltd
		(Company	No: 02685176)	(Company	No: 01871204)
		2022	2021	2022		2021
						f
Turnover		5,315,205	4,411,671	667,120		97,162
Net interest Qayabte)/receivable		(98,136)	(86,488)	239		3
Deed ofcovenant to	parent undertaking	(693384)	(289,819)			(22,698)
(Loss)/profit for the	financial year	(410,278)	(40,410)	(19/13)		9,858
Fixed assets		5,511,602	5,731,856	2,031		1,903
Current assets		1,829,825	1,933,188	336,459		234,128
Creditors due within	one year	(887,039)	(800,378)	(158,003)		(36,031)
Creditors due after more than onc year		(6,004,664)	(6,004,664)
Net assets		449,724	860,002	180,487		200,000
Turnover
		Shayona Restaurants Ltd		Shayona	(Pinner) Ltd
		(Company	No: 06706762)	(Company No: 07677868)
		2022	2021	2022		2021
		931,865	473,874	732,359		735,042
Other operating income
Net interest (payable)/receivable
Deed ofcovenant to	parent undertaking
(Loss)/Profit for the	fmancial year	(48851)	(63,507)	28,613		24,214
Fixed assets		654,101	696,671	89,641		102,217
Current assets		74347	69,837	108,726		123,138
Creditors due within	one year	(639,955)	(629,481)	(165,129)		(220,730)
Creditors due after more than one year				(251,279)		(251,279)
Net assets/(liabilities)		74,793	123,744	(218,041)		(246,654)

nvestments in	subsidiaries, continued
		Bank House Lockers Ltd
		(Company No: 02763905)
		2022	2021
Turnover		879,177	779,194
Other operating	income	9,000	8,625
Net interest receivable		1,022	50
Deed ofcovenant to parent undertaking
Profit for the	financial year	18,551	)6,566
Fixed assets		552,874	506,828
Current assets		820,439	835,210
Creditors due within one year		(1,176,942)	(1,118,940)
Creditors due after more than one year			(45,278)
Provisions for!iabilities		(56,500)	(56,500)
Net assets		139,871	121/20

17.	Investme	nts in listed shares
			The Group		The	Charity
			2022	2021	2022	2021
	Fair value	at start ofthe year	1,597,072	1,326,393	1,597,072	1,326,393
	Additions	at cost
	Disposal	proceeds		(47,094)		(47,094)
	Net gain/(loss) on change in fair value		36,403	317,773	36,403	317,773
	Fair value	at end ofthe year	1,633,475	1,597,072	1,633,475	1,597,072
18.	Fixed deposit investments
			The Group		The	Charity
			2022	2021	2022	2021
	Fair value	at start ofthe year	11,321,409	6,105,835	11,321,409	6,105,835
	Additions	at cost	1,075,596	5,215,574	1,075,596	5,215,574
	Disposals	at cost
	Fair value	at end ofthe year	12@97,005	11,321,409	12497,005	1),321,409

Debtors
			Group			Charity
			2022	2021	2022	2021
Trade Debtors			610,087	221,028
Amounts due	from subsidiary	undertakings			6,807,903	6226,537
Prepayments	&acciued income		97,052	49.428	93,865	46440
Other debtors			439,275	407,858	22,625	22,625
			1,146,414	678,314	6,924,393	6,295,402

reditors: Amo	unts falling due w	ithin one year
			Group		Charity
		2022	2021	2022	2021
Bank loans and	overdrafts	131,883	232,252
Trade creditors		385424	224,113	20,411
Taxation
Social security	and other taxes	152,921	149,474
Other creditors		1,117,028	1,244,850		22,230
Other loans		1,078,375	1,021,374	1,078375	1,021,374
Accruals &deferred income		289,432	4,408
		3,154,863	2,876,471	1,098,786	1.043,604

22.	Provision for liabilities
	Deferred tax on accelerated	capital allowance
							Groupf	Charityf
	Balance at start ofthe year						69,783
	Deferred tax provided						317
	Balance at end ofthe year						70,100
23.	Funds
							Group	Charity
	Unrestricted funds
	Balance at start ofthe year					23,508,998		24,394,318
	Net gain on change in fair value ofinvestments						36,403	36,403
	Capital redemption							(859,902)
	Net movement for the year					1,323,861		1,847,939
	Balance at end ofthe year					24,869/62		25,418,758
24.	Non-controlling interest
							Group	Charity
	Balance at start ofthe year						29,117
	Net movement attributable	to	Non-controlling		interest		4,452
	Balance at end ofthe year						33,569
25.	Reconciliation ofnet movement in funds			to	net cash	flow from operating	activities
						Group		Charity
					2022	2021	2022		2021
					f.
	Net movement in funds for	the
	reporting period			1,364,716		2,975,201	1,884,342	3,158,825
	Depreciation and amortisation		charges	558,472		549,968	59,377		59,377
	Corporation tax charge
	Net (gains)/losses on investments			(36,403)		(317,773)	(36,403)	(3	17,773)
	Dividends, interest and rent	from
	investments			(306,589)		(274,759)	(332,607)	(250,924)
	Loss on disposal offixed assets				9,245	19,879
	Increase in stock			(69,040)		(83,695)
	Decrease/(increase) in debtors			(468,100)		242,251	(628,991)		87,734
	Increase/(decrease) in creditors			322,076		123,459	(1,813)		(7,770)
	Net cash provided by/(used		in)
	operating activities			1474477		3,234,531	943,905	2,729,469

26.	Analysis	ofcash and cash equivalents	ofcash and cash equivalents	-Group
				At I				At31
				January		Other		December
				2022	Cash flows	~chan	es	2022
				f.
	Cash at bank and in		hand	3,198,084	335,274			3,533,358
	Overdraft	repayable	on demand	(232,252)	100,369			(13],883)
				2,965,832	435,643			3,401,475
	Analysis	ofcash and cash equivalents		-Charity
				At 1				At 31
				Janu sty		Other		December
				2022	Cash flows	~chan	es	2022
	Cash at bank and in		hand	1,470,047	257,916			1,727,963
				1,470,047	257,916			1,727,963

The	group's	total future minimum	total future minimum	lease payments	under non-cancellable	operating	leases is as follows for
each	ofthe	following	periods:
							Property
						2022	2021
Less	than one year					178,915	184,665
One	to five	years				562,660	412445
Over	five years					359,345	455,675
						EL100,920	61,052,585