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||||Pages|
|---|---|---|---|
|Trustees'<br>Report||||
|Independent|Auditor's<br>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|





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|||||The Group|The Group|The Charity|The Charity|
|---|---|---|---|---|---|---|---|
|||||—unrestricted|funds|- unrestricted|funds|
||||Notes|2022|2021|2022|2021|
|Income from:||||||||
|Donations<br>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<br>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<br>on:||||||||
|Raising funds —trading|||3|7,816,561|6,122,578|||
|expenditure||||||||
|Charitable<br>activities:||||||||
|advancement<br>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<br>gains and losses||||1464,716|2,977,115|1,884442|3,160,739|
|Loss on foreign exchange|||||(1,9)4)||(1,914)|
|Net movement<br>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<br>to:||||||||
|Charity|||23|1/60/64|2,97l,226|1,024,440|3,158,8 5|
|Non-controlling<br>interest|||24|4,452|3,975|||
|||||1464,716|2,975,201|1,024,440|3,158,825|





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||||The Group|The Group|The Charity|The Charity|
|---|---|---|---|---|---|---|
||||2022'-|2021|2022|202t|
|||Notes|||||
|Fixed assets:|||||||
|Intangible<br>fixed assets||13|407,392|518,312|||
|Tangible<br>fixed assets||14|8,812,118|9.087,264|2,875,31Z|2.934.688|
|Investment<br>properties||15|||||
|Investments<br>in subsidiaries||16|||959496|1,819,304|
|Investments<br>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<br>income|funds|23|24,869462|23,508,998|25,418,758|24,394.31S|
|Non-Controlling<br>Interest||24|33,569|29,117|||
|Total funds|||24,902,831|23.538,115|25,418,758|24,394,3 I8|





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||||||The Group|The Group|The Charity|The Charity|
|---|---|---|---|---|---|---|---|---|
||||||2022|2021|2022|2021|
|||||Notes|f||||
|Net cash provided<br>by|||||||||
|operating<br>activities||||25|1474477|3,234,531|943,905|2,729,469|
|Cash flows from investing||activities:|||||||
|Dividend<br>income|||||92,585|57,708|92,585|57,708|
|Profits from Option Trading||||||47,096||47,096|
|Purchase ofintangible<br>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<br>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<br>in other||loans|||11,723|(162,000)|57,001|(162,000)|
|Net cash (used in)/provided|||by||||||
|financing<br>activities|||||11,723|(162,000)|57,001|(162,000)|
|Change<br>in cash and cash|||||||||
|equivalents<br>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|





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|Income fro|m|donations|and legacies||||||
|---|---|---|---|---|---|---|---|---|
||||||Group||Charity||
|||||2022|2021|2022||2021|
|Donations<br>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<br>I.|2021I|2022||2021|
|Turnover||||8,704,782|6,415,103||||
|Expenditure:|||||||||
|Cost ofsales||||4,923,383|3,789,131||||
|Operating<br>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<br>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<br>ofintangible<br>assets||112,720|112,661||||
|Depreciation offixed|assets - owned|445,752|437,307|59,377||59,377|
|Operating<br>lease rentals|- property|171,915|171,915||||
|Auditors'<br>remuneration|(excluding VAT):||||||
|Audit||27,000|27,000|16,568||15,000|
|Tax compliance||6,793|6,600||||





## 

## 

||Gains on investment<br>assets<br>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|||



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## 

|The Charity<br>is exempt|The Charity<br>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<br>ofthe subsidiaries<br>in the <br>6Nil).||trading subsidiaries<br> year is disclosed in||donate available<br> note 16and there|profits to the parent charity. <br> was acharge to corporation|||The performance<br>tax offNil (2021:||
|Intangible<br>fixed assets||||||||||
|The Group||||||||||
|||||||Goodwill|Other||Total|
||||||||f.|||
|Cost:||||||||||
|At start ofthe year||||||988,133|142,373||1,130,506|
|Additions<br>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<br>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<br>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<br>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<br>in year|||||||
||Disposals<br>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<br>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|





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





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## 

|England<br>and Wales:||||||||||
|---|---|---|---|---|---|---|---|---|---|
||||||Percent of|||||
|~Th<br>Ch|||2ll22|Cost<br>2221|ordinary<br>share<br>~il h Id<br>N|||CB||
|Saya Enterprises<br>Limited|||100|860,002|100%||Food manufacturers||and retail|
|Saya Enterprises<br>(Birmingham)|||100|100|100%||Food manufacturers||and retail|
|Limited||||||||||
|Cultural<br>Festival of|India Limited||200,000|200,000|100%||Sale ofpublications|||
|Akshar<br>(Design &Build) Limited|||||100%||Design and construction of|||
||||||||buildings|||
|Herbygreen<br>Properties Limited|||||100%||Holding|and managing||
||||||||properties|||
|Saya Enterprises<br>(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<br>(Manchester)||Limited|2|2|100%||Dormant|||
|||8959,402||81,819,304||||||





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## 

|summary<br>ofthe resu|lts ofthe material t|rading subsidiaries<br>are shown bel|rading subsidiaries<br>are shown bel|ow:|ow:|ow:|
|---|---|---|---|---|---|---|
|||Saya Enterprises<br>Ltd||Cultural<br>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<br>due within|one year|(887,039)|(800,378)|(158,003)||(36,031)|
|Creditors<br>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<br>Ltd||Shayona|(Pinner) Ltd||
|||(Company|No: 06706762)|(Company No: 07677868)|||
|||2022|2021|2022||2021|
|||931,865|473,874|732,359||735,042|
|Other operating<br>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<br>due within|one year|(639,955)|(629,481)|(165,129)||(220,730)|
|Creditors<br>due after more than one year||||(251,279)||(251,279)|
|Net assets/(liabilities)||74,793|123,744|(218,041)||(246,654)|





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|nvestments<br>in|subsidiaries,<br>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<br>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)<br>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|





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## 

|Debtors|||||||
|---|---|---|---|---|---|---|
||||Group|||Charity|
||||2022|2021|2022|2021|
|Trade Debtors|||610,087|221,028|||
|Amounts<br>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<br>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<br>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<br>for the year|||||1,323,861||1,847,939||
||Balance at end ofthe year|||||24,869/62||25,418,758||
|24.|Non-controlling<br>interest|||||||||
||||||||Group|Charity||
||Balance at start ofthe year||||||29,117|||
||Net movement<br>attributable|to|Non-controlling||interest||4,452|||
||Balance at end ofthe year||||||33,569|||
|25.|Reconciliation ofnet movement<br>in funds|||to|net cash|flow from operating|activities|||
|||||||Group||Charity||
||||||2022|2021|2022||2021|
||||||f.|||||
||Net movement<br>in funds for|the||||||||
||reporting<br>period|||1,364,716||2,975,201|1,884,342|3,158,825||
||Depreciation<br>and amortisation||charges|558,472||549,968|59,377||59,377|
||Corporation<br>tax charge|||||||||
||Net (gains)/losses<br>on investments|||(36,403)||(317,773)|(36,403)|(3|17,773)|
||Dividends,<br>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)<br>in debtors|||(468,100)||242,251|(628,991)||87,734|
||Increase/(decrease)<br>in creditors|||322,076||123,459|(1,813)||(7,770)|
||Net cash provided<br>by/(used||in)|||||||
||operating<br>activities|||1474477||3,234,531|943,905|2,729,469||





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|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|



##