Charity Registration No. 277833
SHRI VALLABH NIDHI- UK
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025
KLSA
PKF

SHRI VALLABH NIDHI - UK
LEGAL AND ADMINISTRATIVE INFORMATION
Governors
Narendra Thakrar
Gorandè Bhall
MahendTa Patel
Rasika Patel
Ashil Roy Thakkar
Subahu Patel
Ajay Jobanpulra
Piadeep Dhamecha
Rajubhai Raichura
Charlty number
277833
Princlpal addross
Shri Sanatan Hindu Mandir
P.0. Box 700
Wembley
HAO 4TA
Shri Nathji Sanalan Hindu Mandir
159-161 Whipps Cross Road
Leylonslone
E11 1NP
Audltors
KLSA LLP
Kalamu House
11 Coldbalh Square
London
ECIR 5HL
Bankers
Punjab National Bank Ilnlernationall Ltd
188 Ealing Rgad
Wembley
Middlesex
HAO 4QD
Web$lte
www.svnuk.org

SHRI VALLABH NIDHI- UK
CONTENTS
Page
GDvernDrs' report
Independent audilorfs report
Consolidated statement of financial activities
io
Group and Charity balance sheets
Consolidated slalemenl of cash flows
12
Notes lo the consolidated financial statements
13-23

SHRI VALLABH NIDHI- UK
GOVERNORS, REPORT ICONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
The Governors present their report and consolidated financial statements lor the year endgd 30 June 2025.
The CDnsolidaled financial slalemenls have been prepaTed in accordanoe with the a¢¢ounling policies gel out in
note 1 to the consolidated financial statements and comply with the Charities A¢t 2011, conslilulion of the charity
and 'Accounling and Reporting by Charities.. Stalemonl of Recommended Practice applicable lo charities
preparing their collsolidaled accounts in accordance with the Financial R¢porting Standard applicable in the UK
and Republic of Ireland (charities SORP FRS 1021 l&ffeclive 1 January 20191"
Objectlves and actlvltles
The objects of the chaiily are lo..
la} advance the Hindu religion in accordance with the teaching of Shri Vallabh and in furtheran￿ thereof lo
provide and maintain a temple for public religious worship and other religious charitable purpose.
Ibl educate the public in the Hindu and English cultures and to that enol lo provide faGilitie8 for the leaching of
Gujarali, Hindi, Sanskril and English.
Icl relieve poverty sickness and distress.
Idl prornol@ religious welfare of Hindus in and furtherance thereof to PTovide guidanGe and advice.
The Board of Governois review the aims, obje¢lives and activities of the charity each yeai. This ret)ort looks al
what the charity h89 achieved and thè outcomes of ils work in the reporting period. The Board of Govemors report
the SUC￿$$ of each key activity and the benefits the charity has brought to those groups of people that il is set up
to help. The review also helps the Board of Governors ensure the charity's aims, objectives remained fo¢used on
it8 slated purposes.
The Board of Governors have ieferred lo the guidan￿ Contained in the Charity Commission's genÉr81 guidance
on public benefit when reviewing the charity's aims and objectives anLf in planning ils future activities. In particular,
the Bc>ard of Govemors consider how planned activities will conlribijte to the aims and objeclivps that have been
sel. One of Shri Vallabh Nidhi - UK'S principal aims and objectives is lo 2dvance the Hindu religion in accordance
with the teaching of Shri Vallabh and in furtherance thereof to Provide and maintain a templ¥ for public religious
worship, other religious charitable purpose so playing an important part in building a b@Ilér society.
Volunteers and staff
The volunteers and staff are involveLI in general management and cor8 activili&s of the Charity..
Providing servlces in varfous departments Includlng security, administration, congregalion organisalion,
kitchen, audiolvideolpholography. media relations. public relations, youth activities, chilclren activities,
adult aclivilies elc.
Organising Hindu religion festivals
The Board of Governo[5 would like lo acknowtedge the tremendous efforts of the volunteers, staff and the many
supporters of the Charity for thelr kind and generous donations as well as their continued support in helping the
Charity lo achieve its objectives.
Achlevements arkd performance
Financial review
The ineomillg resources and the outgoing resources have increased from the previous year, due to charity's
increased aclivilies. the gross donations received for the year was £1.40m12024.' £1.55ml, net income was £490k
(2024.. £590kl. At the period end, the net assets of the Charity are £15.5m {2024.' £15.Oml.

SHRI VALLABH NIDHI- UK
GOVERNORS, REPORT (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
ResÈNès policy
11 is the policy of the charity that unreslricled funds which have not been designated for a specific use should be
niainlained al a level equivalent lo between Bix to eight weeks expenditure. The Governors considers that reseTves
al this level will ensure that. in the event of a significant drop in funding, they will be able lo continue the charity's
current activities while consideration is given to ways in which addition81 funds may be raised. This level of reserves
has been maintained throughout the year.
Golng concern
In the current year, the group recorded gross income of £1.40rn {2024: £1.55ml. The net mDvemenl in funds for the
year was nel income of £490k12024.' £590kl.
The governors, are confident. based on Ihe ¢harily's performance and devotees allending the temple, that the charity
will have SL¢ffi¢ienl funds lo continue to me@l ils liabilities a5 they fall due for al least 12 months from the date of
approval of the consolidated financial statements and therefore have prepared the consolidated fi'nancial statements
on a going concern basis.
Rbsk management and internal control
Risk management
The Board of Govemors is responsible for ensuring effective ttsk management, and that Internal controls are in place
lo appropriately manage the risk exposure of the Charity, in particular, the Board of Governors has considered..
the major risks to which the Charity is exposed.,
the potential impact and probability associated wilh each risk.,
existing internal controls and accountability for them.,
mlligaling aolions needed lo reduce each risk to a level that the Govemors considers lo be acceptable.
All signlficanl activities undèrtaken are subject to risk review as part of the initi81 proje¢l assessment and
implementation. The Board of Govemors reviews the major risks that the Charity faces on a regular basis 8nd controls
are established as appropriate.
Internal control
The Govèrnors have overall responsibilily for ensuring that Ihe Charity has appropriate systems of Internal controls
across the Charity and ils subsidiaries.
The key inlemal controls used by Ihe Charity and its subsidiaries include..
Fomial agendas and minutes of all Board of Governors meeting5
Detailed budgetary presentation for approval by the Board of Governois
Established organisational structure and lines of reporting
Engagement of exlemal professional advisors as and when necessary
Through Ihe controls established for the running of the Charity, the Board of Governors are satisfied that the major
iisks identified are adequately mitigated where necessary. 11 is recognised that the controls established can only
provide reasonable bul not absolute assurance that major risks have been aclequately managed.

SHRI VALLABH NIDHI - UK
GOVERNORS, REPORT ICONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
Actlvitles undertaken in the year
The following activities were undertaken during the year..
The charity has continued lo help local ¢ommunilies from the
donations given generously.
All the Hindu festivals were celebrated and very well
allended by many devotees.
Renovations were carried out al Wembley temple with
vibrant red colour enhancing mandir atmosphere.
Completion of the extension of Shiv Mandir
Organised the firsl-ever 'Sarve Pilru Moksharth Yagna,
held in honour of ancestors.
Held a special prayer and remembranc& on 22nd April 2025
for the innocent lives lost in the tragi¢ lerrorisl allack and
gathered in Prarthna Shraddhanjali on 12th June 2025 in
memory of the departed souls from the Air India crash in
Ahmedabad.
We have seen a significant increase in regular activities in all areas.
In accordance with the main objective of following and propagating the Sanalan faith and community coheslon with
members and the wider community. all activities undertaken fulfilled these aims and objectives.
Community
cohesion
an
important aspect of the charity's
work. The current facilities with the
further
developments
being
undertaken will enable the charity lo
address and deliver programmes
and events to the changing
demogiaphic of the members.
Future plaris
The charity has identified the
following medium-lerm objectives which will be reviewed on an annual basis..
Expansion of adminislralive capacities through extension of the
existing administration office area.
Plans for further building works lo enhance mandir of both Wembley and Leylonslone locations.
To continue lo organise seminars. lectures and events in order lo promote the principles of the Sanalan
faith.
The members hav8 a vast resource of knowledge and experience which shall be used positively for all future plans.
structure, govornance and management
Shri Vallabh Nidhi- UK, Registered Chaiily No. 277833 was founded in 1979.
The charity is an unincorporated charity which Is governed and operated within the requirement set out in ils
conslilulion.
The adminislralion and control of the Gharity and its assets are vested in a Board of Governors. The Board consists
of 9 members12024'. 9 members).
Princlpal actlvltles
In accordance with the objects, the principal activity of the Charity is the running of the places ol worship for Hindu
Community in the UK. To this end the Ghaiity runs two temples, one in Wembley. Middl&sex and another in Whipps
Cross Road. Leylonslone.
In addition, the Charity arranges periodlc religious functions {Kalhas and Saptasl and celebrates all the major
festive days in the Hindu calendar.

SHRI VALLABH NIDHI- UK
GOVERNORS, REPORT (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
Freehold propertles
Th& Charity owns freehold propèrties in Wembley and Leytonslone. There is a temple on each of these freehold
properties.
Governors
The Governors who servecl duTing the year were..
Narendra Thakrar
Gorande Bhatl
Mahendra Palel
Rasika Patel
Ashil Roy Thakkar
Subahu Patel
Ajay Jobanpulra
Pradip Dhamecha
Rajubhai Raichura
Governors are appointed or removed by the Board of Governors. Potential new Governors are periodically
identified by the Board of Governors. These individuals work alongside existing Governors for a period of Ihlee
years before considering their appoinlmenl.
Key management personnel and remunèratlon pollcy
The key management personnel of the chaiity are the Govemors who were not remunerated nor paid any
expenses.
statement of Governors. responslbllltlas
The Governors are responsible for preparing the GoveTnors' Report and the consolidated financial slalements in
accordan￿ with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted
Accounting Practice).
Tha law applicablè lo charities in England and Wales requires the Govemors lo prepare ¢onsolidaled financial
slalemenls for each finan¢ial year, which give a true and fair view of the stsle of 8ffairs of the charily and of the
Incoming resources and applicatlDn of resources of the charity for that year.
In preparing these Consolidated financial sialemenls, the Governors are requlred to..
select suilablo accounting policies ar¢d then apply them consistently.,
obseN& the methods and principles in the Charities SORP,.
make judgements and estimates that are reasonable and pNdenl',
slate whether applicable ac¢ounling stsndards have been followed, subject to any material departures disclosed
and explained in the consolidated accounts., and
prepare the consolidated financial slalements on the going concern basis unless it is Inappropriate lo presume
that the charlly will continue in operation.
The Governors arè responsible for keeping suflicienl accounting records that disG105e Mith reasonable accuracy
al any lime the financial position of the charity and enable them to ensure th8t the consolidat&d financial statements
comply with tha Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions ol
the trust deed. They ale also responsible for saleguarding the assets oflhe charity and hen￿ for taking reasonable
steps for Ihe p￿VentIOn and detection of fraud and other irregularities.

SHRI VALLABH NIDHI- UK
GOVERNORS, REPORT (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
Auditor
KLSA LLP were ie-appoinled as the Group's audilois during the p@riod and have expressèd their willingness to
continue in that capacity.
Disclosure of information to auditor
Each of the Governors has confirmed that there is no information of which they are aware which is relevant lo the
audit, bul of which the auditor is unaware. They have further Lonfii'med that they have laken appropriate steps to
identify such relevant infoiinalion and lo @slablish that the auditor is aware of such information.
TheG
report was approved by the Board of Governors.
Na
ra
akrar
over
Dated.. 12 December 2025

SHRI VALLABH NIDHI - UK
INDEPENDENT AUDITOR'S REPORT
FOR THE YEAR ENDED 30 JUNE 2025
Opinlon
We have audited the consolidated financial slalemenls of Shri Vallabh Nidhi - UK Ilhe 'charily l and its subsidiary
Ilhe 'group'} for the year ended 3D June 2025 which Gomprise the group slatemenl of tinancial activities, the group
balance sheet. the company balance sheet, the group statement of cash flows the notes lo the Consolidated
financial slalements, in¢luding a summary of significant accounting policies. The financial reporting framework that
has been applied in their preparation is applicable law and United Kingdom Accounting Slandards, including Financial
Reporting Standard 102 The Fiiiancial Reporting Standard 8pplicabl8 iii the UK and Republic of Ireland {United
Kingdom Generally Accepted Accounting Piaclicel.
In OL¢r oplnlon. the consolidated financial statements.-
give a true and f8ir view of the slate of the group's and the charity's aff&irs as at 3D Jun8 2025 and of the group
incomlng resources and application of resources, for the year then ended-
have bèen properly prepared in accordance with United Kingdom Generally Accepted ACCOUn￿ng Pracllce.,
and
have been prepared in aGcordance wth the requirements of the Charities Act 2011.
Basis for oplnlon
We conducted our audit in accordance with Inleinational Standards on Auditing {UKI IISAs IUKII and applicable law.
Our responsibilities under those standards are furthei described in the Auditor's responsibilities for the audit of the
accounls section of our report. We are independènt of the charity in accordance with the ethical requiiemonls that
are relevant to OLJr audit of the accounts in the UK, including the FRC'S Ethical Standard, and we have fulfilled our
other ethical respDnsibililies in accordance with these requirements. We believe that the audit evidence we have
obtained is sufficient and appropriate to provide a basis for our opinion.
Concluslons rolatlng to going concern
In auditing the consolidated financial slalemenls. we have concluded that the GDvemors' use of the golng concern
basis of accounting in the preparation of the financial slalemenls is appropriate.
Basèd on the work we have perforrned, we have not identified any material uncertalnlies relating to events or
conditions that, individually or collectively. may cast signifiGant doubt on the group's ability to continue as a going
Goncern a period of at least twelve months from when the financial slalements are aulhorized for i58ue.
Our responsibilities and the responsibilities of the Governois with respect lo going Concern are described in thè
relevant sections ol this report. However, because not all lulure events or conditions can be predicted, this statement
is not a guarantee as to the company's ability lo continue as a going concem.
other information
The Dther information Comprises the information included in the annual report other Ihan the consolidated financial
slalemenls and our auditor's report thereon. The Governors are responsible for the other information contained within
the annual report. Our Opinion on th2 consolidated financial stalernenls does not cover the other information and we
do not express any form of assurance conclusion thereon. Our responsibility is lo read the other informalion arnd, in
doing so, consider whether the other information is materially illGonsi8lenl with the financial ststemenls or our
knowleolge obtained In the course of the audit, or otherwise appears lo be ma16rSally misslaled. If we identify such
material inconsistencies or apparent material misslaletnenls, we are required lo determine whether this gives iise lo
a material misstalemenl in the consolidated financial slalements themselves. If, based on the work we have
perfDrrned. we conGludo that there is o material misstalemenl ofthis other inlormalion, we are required to report th81
fact.
We have nolhlng to rewrt in this regard,

SHRI VALLABH NIDHI - UK
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
Matters on which we are required to report by oxception
In the light of the knowledge and understanding of the parent and the subsidiary end Ils environment obtained in the
course of the audit, we have not identified material misslatemenls in the governors, report.
We have nothing lo report in respect ofthe following matters in relation to which the Charities {Accoun15 and Reports)
R￿ulatIonS 2008 require us lo report lo you if, in our opinion..
the information given in the consolidated financial slalemenls is inconsislenl in any material respecl with th&
Governors, report,. or
sufficAenl ac¢ounling records have not been kept,. or
the consolidated financial slalements are not in agreement with the accounting records., OT
we have not received all the information and explanations we requiro for our audit.
Respon51billtles of Governors
As explained more fully in the slatem&nl of Governors. responsibilities, the Governors are responsible fgr the
preparation of the consolidated financial slalemer)Is and for being satisfied that they give a true and fair view, and for
such inleinal control as the Governors determine is necessary lo enable the preparallon of consolidaled finan¢ial
st81ements that are free from material misslatemenl. whether dua to fraud or 6fror.
In preparing the consolidated fi'nancial slalements, the Governors are responsible for assessing the charity's ability
lo continue as a going concem, disclosing, as applicable, matters related lo going concern and using the going
concern basis of accounting unless the Govemors either intend to cease operations, or have no realistic a118malive
bul lo do so.
Audltorfs responsibilltles for tho audit of the consolidated accounts
We have been appointed as auditors under sectlDn 144 of the Charities Act 2011 and report in accordance wlh the
Act and relevant regulations made or having effect Ihereunder,
Ou¥ objeGIFves are lo obtain reasonablè assurance about whether the consolidated flnanclal statements as a whole
are free from material misslalemenl, whether due lo fraud or error, and lo issuè an audiloffs report that includes our
opinion. Reasonable assurar)ce is a high lével of assurance, bul is not a guarantee that an audit conducted in
ac¢ordanG& with ISAS IUKI will always delecl a material rnisslalemenl when it axisls. Misslalements can arise from
fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expeGled to
influence the economic ofecisions of users 18ken on the basis of these consolidated financial slalements.
IrregLJlarilies, including fraud. are instances of non-compliance with laws and regulations. We design procedures in
line with our responsibilities, outlined above, lo delecl maleiial misslalements in respect of irregularities, including
fraud. The extent to which our procedtjres are capable of detecting irregularities, including fraud, is detailed below.
Our approach to identifying and assessing the risks of material misstatement in respect of irregulartties,
including fraud and non-compliance with laws and regulations, was as follows..
the engagement partner ensured that the engagement team collectively had the appropriate
competence, capabilities and skills to identify or recognise non-compliance with applicable laws
and reguLqlions',
we identified the laws and regulations applicable lo the charlty through discusstons with goveinors
and other managerrent, anol from our commercial knowledge and experience of the sector", and
we focused on specific laws and regulations which we considered may have a direct material effect
on the operations of the group's financial slalements. including the Charities Act 2011, CoTnpanies
Act 2006, data protection. ants-bribery, employment laws, environmental and health and safety
legislation.

SHRI VALLABH NIDHI- UK
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
We assessed the susceptibility of the Group's financial statements lo material misstatement, including obtaining
an understanding of how fraud might occur, by..
making enquiries of management as lo where they considered there was susceptibility to fraud,
their knowledge of actual, suspected and alleged fraud,. and
considering the internal controls in place lo mitigate risks of fraud and non-compliance with laws
and regulations.
To address the risk ol fraud through management bias and override of controls, we.,
performed analytical procedures to idertrlify any unusual or unexpected relationships;
tested journal entries lo identify unusual transactions.,
carried out a review of the incoming donations during the year ascertaining transactions were at
arm's length.
investigated the rationale behind significant or L¢nusual transactions.
verified income lo the supporting re￿Ipts and other documentation on a sample basis lo confirm
classification behveen restricted and unreslricled funds.
read minutes of meetings of those charged with governance.
perfomed year on year analytical procedures on cash donation collections and tested on sample
basis the procedures in place in respect of collection. counting and recording of the cash donations.
reviewed validity of expenditure orl a sample basis and in particular reasonableness of allocation
of expenditure against restrscted funds.
In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures
which included, bul were not limited to,.
agreeing ftnancial statement disclosures to underlying supporling documenlalion.,
enquiring of management as to actual and potential litigation and claims.
We Communicated the identified fraud risks and non-compliance wilh laws and regulations with those charged
with governance, throughout the audit team and remained alert lo any indications throughout the audit.
There are inherent limitations in the audit procedures described above. We are less likely to become aware of
instances of non~compliance with laws and regulations that are not closely related lo events and transactions
reflected in financial slatemenls. Also, the risk of not detecting a material misslatemenl due to fraud is higher
than the risk of not delecling one resulting from error. as fraud may involve deliberate concealment by, for
example, forgery, misrepresentations or through collusion.
Fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentation, or through
an act of collusion that would mitigate internal controls.
A further description of our responsibilities is available on the Financial Reporting Council's website at..
hllps.'Ilwww.frc.org.uklaudilorsresponsibililies. This description forms part of our audilorfs report.

SHRI VALLABH NIDHI- UK
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
Use ofour report
This report is made solely lo the Group's Iruslees, as a body, in accordance with the Charities Act 2011. Our audit
work has been undertaken so that we might slate lo the Group's Iruslees those matters we are required lo slate lo
them in an auditors, report and for no other purpose. To the fullest exlenl permitted by law, we do nDt ac¢ept or
assume responsibility to anyone other than the group and the group's Iruslees as a body, for our audit work, fDr this
report. or for the opinions we have formed.
KLSA LLP
Chartered Accountsnts
ststutory Audltor
Kalamu House
11 Coldbath Square
London
EC1R 5HL
12 December 2025
KLSA LLP is eligible for appointment as auditor of the charlty by virtue of ils eligibility for appointmenl as auditor of
company under of section 1212 of the Companies Act 2006.

SHRI VALLABH NIDHI- UK
CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE
FOR THE YEAR ENDED 30 JUNE 2025
Unrestricted Restrlcted
Totsl Unrestricted Restricted
funds
funds
Total
funds
funds
2025
2025
2025
2024
2024
2024
Notes
Income and ondowments from..
Income
1,384,254
14.400
17,253 1,401,507
14,400
1.099,103
12,783
454,589 1.S53,6g2
12.7b3
Other income
Total Income
1,398,654
17,253 1,415,907
1,111,886
454,589 1.586,475
endilure on:
Raising funds
Charitable acllvllies
19,162
906,578
19,162
906,578
976,708
976,7r)8
Total expenditure
925,740
925.740
976.708
976,708
Net Income
472,914
17,253
490,167
13fj,178
454,589
589,767
Transfer b6tw88n
funds
63,909
(63,9091
436,429
{436,4291
Not movement In funds
536.823
(46,656)
490,167
571,607
18,160
589.767
Fund balances at 1 July 2024
14,950,506
46.658 14.997,162
14,378.899
28.498 14,407,395
Fund balances at 30 June 2025
15,487,329
15,487,32g
14,950,506
46,656 14.997,162
The stat￿ent of finandal activilies indudes all gains and losses recognised in the year.
Atl income and expènditur8 derive from contlnuing activit¢es.
10

SHRI VALLABH NIDHI - UK
GROUP AND CHARITY BALANCE SHEETS
FOR THE YEAR ENDED 30 JUNE 2025
Group
2025
Charlty
2025
2024
2024
Flxed a8set8
Notes
10&I1
Tangible asset5
Investments
16,638,262 16,604,845 16,e38,262 16,604,845
12
16,638,262 16.604,845 16,638,264 16,604,847
Current a$$el$
Debtors
14
46,702
225,028
271,730
12,912
305,836
318.748
48,265
174,939
223.204
25,440
227,438
252,878
Gash at bank and In hand
Credltors: amounts fallang due within
one yeay
15
176600
226.261
128052
160369
Net cuttent li3bilities
Credltorfy: amounts falllng after
more than onè year
95,130
92.487
95,152
92.509
1 248 063
1700 170
1246,063
1.700 170
15,487,32S 14.997,182 15,487,35S 14,997.186
Total a88ets less current liabllltie3
Income funds
Reslricled Fuiids
17
46,656
46.856
Unrestricted funds
General unreslrlcted fund8
17
14,637,247 t4.100,424 14.637.271 14.100.448
850,082
850,082
850,082
850,082
Revalualion resEfvE
18
15.487,329 14,997,162 f 5,487.353 14,997.186
The financial stalemenlG wer8 approved by the board of governorg and &ulhor18Bd Issuè on 12 Decemb812025 aThl
are
l on Ils behalf ty:
ren
Govo
Thakrar
or
li

SHRI VALLABH NIDHI - UK
CONSOLIDATED STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 30 JUNE 2025
2025
2024
Notes
Cash flows from operating activities
Cash generated from operations
506,553
683,909
Investlng actlvltles
Purchase of tangible assets
{1 OCI,750)
1297,3621
Net cash used in investing activities
1100,750)
{297,362)
Flnanclng actlvltles
Repayment of bank loan
(486,6111
{327.9841
Net cash Ius8dl In flnanclng activities
1486.611)
1327,9841
Net Idecrea5elllncrease In cash and cash
equivalents
{80,8081
58,563
Cash and cash equivalents al beginning of year
305.836
247,273
cash and cash equlvalents at ènd of year
225,028
305,836
Relatlng to:
Cash at bank and In hand
225,028
305,836
12

SHRI VALLABH NIDHI- UK
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025
Accounting policies
Charity information
Shri Vallabh Nidhi - UK is a charity registered in England and Wales, The registered office is Shree Sanatsn
Hindu Mandir, Ealillg Road, Wembley, Middlesex HAO 4TA.
The Group consists of Shfi Vallabh Nidhi- UK and its subsidiary.
Accountlng Convention
The consolidated financial statements have been prepared in accordance with the charily's governlng
doGumonl, the Charities Act 2011 and Accounting and Reporting by Charities.. Stal@menl of Recommended
Pr8¢1ice applicable lo charities preparing their consolidated finan¢ial statements in accordance with the
Financial Reporting Slandaid applicable in the UK and Republic ol Ireland IFRS 102)" {as amended for
aGGounling periods commencing from 1 January 20161. The charity is a Public B8n&fil Enlily as defined by
FRS 102.
The consolidated fi'nancial slalements have departed from Ihg Charities IAGcounts and Reports) Regulations
2008 only to the extent required lo provide a Irije and fair view. This departure has involved following the
Slalement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement
of Recommended Practice which is referred lo in the Regulations, bul which has slnce been withdrawn.
The cgnsolidaled financial statements are prepared in sterling. which is the functional currency of the charity.
Monetary amounts in these consolidated financial statements are rounded to the nearest £.
Basls of Gon501idation
The consolidated financial statements incorporated Shri Vallabh Nidhi - UK and its subsidiary li.g. where an
enlily is govern@d by voting rights, Shri Vallabh Nidhi- UK consolidates when il holds, directly or indirectly. the
necessary voting rights to pass resoluliDns by the governing body).
All financial statements are made up to 30 June 2025, where necessary. adjuslmenls are made to the financial
statements of the Subsidiary to bring the accounting policies used Into Ilne with those used by other member
of the group.
All inlra-group Iransaclions, balances and unrealised gains on transactions between group companies are
eliminated on consolidation. Unrealised losses are also eliminated unless the transactions provi(fe evidence of
an impairment of the asset transferred.
Going Goncerll
In assessing the Group's ability lo continue as a going concem, the Board of Governors have considered the
financial p0511ion and performance of the Charity.
The charity is financed by donors, loans and banking facilities. The Gharity is therefore dependent upon ils
donors and loan facilities for continued financial support.
Al the year end, th6 charity had bank loans falling due afier more than one year of £1.3m {2024.' £1.8m).
13

SHRI VALLABH NIDHI - UK
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025
Accountlng Policies
Icontlnued
In accordanGe with their responsibiSilies. Ihe trustees have considered the appropriateness of the going ¢on¢ern
basis for the P￿paratIOn of the financi81 stalemenls. For this basis. thèy have reviewed the individual group
enlilies, rllanagemenl accounts as al the signing date and budgets for the next 12 months from the dale ofthe
approval of the finanGial slalemenls.
On the basis of this, the Iruslees have a reasonable expectallon that the charity will contSnue in operational
existence forlhe foreseeable future. Thus. the trustees continue to 8dopl the going concern basis of acwunling
in preparing the consdidated financial slalemenls. These financial statements are prepared on the going
concern basis.
Charitable funds
Unrestricted fvnds are available for use al the discretion of the Governors in furtherance of their chaiilable
objectives unless the funds have been designated for other purposes.
Incomlng resources
Income is recognised when the charity is legally entitled to it after any perfomiBnce conditlons have been met,
the amounts can be measured reliably, and it is probable that inGome will be received.
Cash donations aTe recognised on receipt. Other donations are re¢ognised once the charity has been nob'fied
ol the donation, unless perfoimance conditions require deferral of the amount. Income lax recoverable in
relation to don81ions received under Gift Aid 01 deeds of ¢ovenanl is recognised al the lime of tho donalior).
Income from hall rental and operation of a Car park is recognised after the provision of the services and o
receipt of payment.
Resources exp8ndod
Expenditure is re¢ognis6d once there is a legal or constructive obligalii)n lo transfer economlc benefit to a third
party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the
obligation can b8 measured reliably.
Expenditure is classified by activity. The costs of each actlvlly are made up of the lolal of direct costs and
shared costs, Including support costs involved in undertaking eaoh activity. Direct costs allributable lo a single
activity are allo¢aled directly lo that activity. Shared costs which Contribute lo more than onÉ activity and
support Costs which are not allribulable lo a single activity are apportioned between those activities on a basis
consistent with the LÈse of resources. Central staff costs are allocated on the basis of lime spent, and
depreciation charges are allocated on the portion of the asset's Use.
All expenditure is accounted for on an accrual basis.
Wherever possible, expenditure is allocated specifically lo the relevant a¢livilies for which il is incurred. Where
costs cannot be directly atlribuled, they have been allocated lo activities on 8 basis consistent wlh the use of
resource5.
Tanglble fixed assets
Tangible fixed assets are initially measured al cost and subsequently tne85ured at cost or valuation. nel of
depreciation and any impairmenl108S?5.
Depreciation is rewgnised so as to write off the cost or valuation of assets less their iesidual values over their
useful lives on the following bases..
Freehold land is not depreciated
Freehold buildings
Fixtures, fittings & equipment
Jewellery
Asset under consttuction
2Q/o per annum
20Qkn reducing balance method
not depreciated
capllalised on completion
J4

SHRI VALLABH NIDHI - UK
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025
Accountlng Pollcies
Icontinuedl
The Board of Governors wnsider that the functional freehold buildings arè maintained in such a stale of repair
that their residual values are al least equal lo their nel book value.
No depre¢ialion is provided in respect of freehold land. temple in Wembley and jewellery.
An annual impalrmenl review 18 made, in accordan¢e with the requirements of Financial Reporting Standard
numbers 11 and 15. to ensure that the recoverable amounts of the assets are not lower than IheiT Current
values.
The gain or loss arising on the disposal of an asset is determined as the difference between thè s818 proceeds
and the carrying value Df the asset and is recognised in net incomel (expenditure) for the year.
Fixed assot investmonts
A subsidiary is an entity colllrolled by the Gharily. Contfol its the power to govern the financial and operating
policies of the entity so as lo obtain benefits from ils 8¢tivili@s.
Impairment of fixed assets
Al ea¢h reporting end dale, the charity reviews the carrying amount5 of its tangible assets to determine whether
there is any indication that those assets have suffered an impairment loss. If any such indication exists. the
recoverable amount of the asset is eslimaled in order to determine the extent of the impairment loss lif any).
Recoverable amount is thé highèr of fair value less costs to sell and value in use, In assessing value in use,
the e51imaled future cash flows are discounted lo their present value using a pre-tax discount rale that rellecl$
current mark81 assessments of the time value of money and the risks specific lo the asset for which the
estimates of future cash flows have not been adjusted.
If the recoverable amount of an asset is estimated lo be less than ils carrying amount. the carwng amount of
the asset is reduced to its recoverable amount. An impairment loss is recognised immediately in
in¢omelexpendilure lor the year. unless the relevanl asset is carri&d at a re-valued amoLFnt. in which case the
impairment loss is Irealed as a revaluation decrease.
Recognis@d impairment losses are reversed if, and only if, the reasons for the impaiimenl loss have Geased lo
apply. Where an impairment loss subsequently reverses, the carrying amount of the asset is increased lo the
revised estimate of its recoverable amounl, bul so that Ihe increased carrying amount doe8 not exceed tho
Carryiny amount that would have been determined had no impairment loss been recognised for the asset in
prior years. A reversal of an impairment loss is recognised immeolialely, unless the ielevant asset is carried in
at a re-valued amount, in which case the reversal of the impairment loss is Irealed as a revaluation increa￿.
Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held al call wlh banks, other short-lerm liqul
investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown
within borrowings in current liabilitses.
1.10 Financial Instrument5
Ch8rily has elected lo apply the provisions of Section 11 'Basic Financial Instruments. and Section 12
'Olher Financial Instruments Issues. of FRS 102 to all of its fi'nancial instruments.
Financial instruments are recognisÈd in th8 charitWs balance sheet when the charity becomes party lo the
onliaGlual provisions of the inslrumenl.
Financial assets and liabilitl8s arè offs81, with th6 nel amounts presented in the tinancial slalements. when
there is a legally enforceable right lo sel off the re¢ognised amounts and there is an intention to settle on a net
b8sis or lo realise the asset and sellle the liability simultaneously.
15

SHRI VALLABH NIDHI - UK
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025
Accountlng policios
Bas1¢ financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured al trarksaction
price including tiansaclion costs and are subsequently carried al amortised cost using the effective interest
method unles5 the arrangement conslilules a financing tranÈaclion, where the ttansaclion is measured at the
present value of the future ￿CeIptS discounted at a market rate ol interest. FinanGial assets cla55ilied as
receivable within one year are not amortised.
Icontlnuedl
Basic financial liabilities
Basic financial liabilities, including creditors and b&nk logtns are initially recognised al Ir8nsaction pri￿ unle88
the arrangement conslilules a financing transaGlion, where the debt instrument is measured al the present
value of th8 future payments discounted at a mart(et rale of intere81. Financial liabilities classified as payable
within one year are not amortis8d.
Debt instruments are subseqL¢enlly carried al amortised cost. using the effective interest rale method.
Trade ¢r6dilors are obligations lo pay for goods or services that have been acquired in the ordinary course of
operations from suppliers. Amounts payable artt classified as current liabilities if payment is due within one
year or less. If not, Ih8y are presented as non-currenl liabilities. Trade creditors are recognisecl initially al
transaction price and SLFbsequenlly measured at amortised cost using the effective interest method.
1.11
Employe6 beneflts
The cost of any unused holiday enlitlemenl is rect￿niSed in the period in which the employee's services are
received.
Termination benefits are recognised immediatèly as an expense when the chaiity is demonstrably committed
to terminate the employment of an employee or lo provide termination benefvls.
1.12 Fund Accounting
Unrestricted funds compris8 accumulated surpluses on genera1 funds, and these are available for use at the
dis¢r81ion ofthe Board of Govemors in the furtherance of the general charitable oblecttves of the Charity.
1.13 Irrecoverable VAT
The Charity is not registered for VAT and its expenses are. therefore, inclusive of VAT which cannot be
recovered.
Critical accounting estlmates and Judgem8nl$
In the application of the charity's accounting policies, the Governors are required to make judgements,
eslimates and assumptions about the carrying amount of assets 2nd liabilities that are not Teadily apparent
from other sources. Th¥ estimates and associated assumptions are based on historical experience and other
factors that are considered lo be relevant. Actual results may differ from these estimates.
The estlmalès and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting
eslimales are ¥ecognised in the period in which the es1im8te is revised where the revision affects only that
period. or in the pertod of the revlsion and lulure periods where the revlslon affects both current 8nd frjlure
periods.
16

SHRI VALLABH NIDHI - UK
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025
Critical accounting estlmates and judgements
Key sources of estlmation uncertalnty
The eslima16s and assumptions whiGh have a significant rfsk ol causlng a material adjustment to the carrying
amount of assets and liabilities are as follows.
Useful lives ofproperty. plant and equipment
Management reviews the useful lives and residual valu8s ofthe items of property, plant and equipment on a
regular basis. During the financial yeai, the directors determined no significant changes in the useful lives
and residual values.
Incomè
Unrestrlcted Re$trl¢ted
funds
funds
2026
2025
Total Unrestricted
funds
2024
Restricted
funds
2024
Total
2025
2024
Tèmple donatlons
Temple ¢lonalions
724.447
724,447
513,067
513,067
Rellglous function
Religious function
donations
151,900
151,900
134,384
134,384
Golakh
Golakh donations
46,956
46,956
52.428
52,428
Glftald
Gift aid
58,1 C18
58,108
87.345
87,345
Restrlcted funds
Dlning hall repair
Shiv mandir donation
17.253
17,253
39,156
415,433
39,156
415,433
Hall hlre and parklng Income
Hall hire and parking
income
402.843
402.843
311,879
311,879
1,384,254
17,253 1.401,507
1,099,1D3
454,589 1,553.692
17

SHRI VALLABH NIDHI - UK
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025
other income
2025
2024
Rental income
14,400
12,783
14.400
12,783
Expendlture on ralslng funds
2025
2024
Cost of generatlng funds
Saptah Gosts
19.162
19.162
Expendlture on charitable actlvltles
Charlty Depreciation
costs
2025
Total
Charlty Depreclation
costs
2024
Total
2026
2025
2024
2024
Direct cost
Staff costs
Depreciation
Premises expenses
Administration costs
Religious activities
Loan interest
432,424
432,424
67,333
189,280
32,959
49,387
125,195
376,558
376,558
58,715
267,560
29,853
62,258
181,784
67,333
58,715
189,280
32,959
49,387
135,195
267,560
29,853
62,258
181,764
839,245
67,333
906,578
917,993
58.715
978,708
Analysed between
Unre51ricted funds
Reslricled funds
839,245
67,333
906.578
917,993
55,752
976,708
839,245
67,333
906,578
917,993
58.715
976,708
Administration costs includ& audit lees of £6,214 (2024." £6,163). Loan interest includes accruèd interest of
£4,66512024-. £6,934).
18

SHRI VALLABH NIDHI- UK
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025
Governors
None of the Governors lor any persons ¢onne¢led with theml received any remLtneralion during the year.
Govèrnors, expenses
There were no Governors. expenses paid for the year ended 30 June 2025 {2024.' nill.
Employees
Number of employees
The average monthly number employees during the year wa5..
2026
Number
2024
Number
Admin staff
Priest
10
12
14
16
Employment costs
2026
2024
Wages and salaries
Social security G051s
398,755
35,669
345,486
31,072
Thère were no employe8s whose annLEal remuneration was £60,000 or more.
Taxatlon
The charity is exempt from tax on ils charitable aclivilies.
19

SHRI VALLABH NIDHI- UK
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025
10 Group tanglble flxed as$ets
Land and
bulldings
Asset under
¢onstructlon
Fixtures,
flttlngs &
equipment
Jewellery
Total
Cost
At 1 July 2024
Additions
17.673.675
44,000
124.231
42.650
36,645
17.834,551
100,750
14,100
At 30 June 2025
17,717,675
14,100
166.881
36,645
17,935,301
Depreciation and Impairment
At 1 July 2024
Deprecialion charged
in the yèar
1,107.184
122,522
1,229,706
62,350
4.983
67,333
At 30 June 2025
1,189,534
127,505
1,297.039
Carrylng omount
At 30 June 2025
16.548,141
14,100
39,376
36,645
16.638,262
At 30 June 2024
16,566.491
1,709
36,645
16.604.845
The Board of Governors are of the opinion that the market value of the freehold properties Is not less than Iheir
book value al 30 June 2025.
20

SHRI VALLABH NIDHI- UK
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025
11 Charlty tangible fixed assets
Land
buildlngs
Asstrt under
constructlon
Fixtures.
fittings &
equipment
Total
Jewellery
Cost
Al 1 July 2024
Additions
17,673,675
44,000
124,231
42,650
36,645
17,834,551
100,750
14,100
At 30 Jun8 2025
17,717,675
14,100
166.881
36,645
17,935,3D1
Depreclatlon and impairment
Al 1 July 2024
Depreciation charged
in the year
1,107,184
122,522
1,229,706
62,350
4,983
87.333
AI 30 June 2025
1.169,534
127.505
1,297,039
Carrying amount
AI 30 Jurie 2025
16.548,141
14,100
39,376
36.645
16,638,262
At 30 June 2024
16.568,491
1.709
36.645
16,604,845
The Board of Governors are of the opinion that the market value of the freehold propertles is not less than
their book value at 30 June 2025.
12 Flxed asset Investments
Group
Charlty
2024
2025
2024
2025
Investment in subsidiary
Shri Vallabh Nidhi - UK holds 1000A share capital ol Shrlco L¢miled, a company incorporated in England &
Vvales.
13 Financlal Instruments
2025
2024
Carrylng amount of financial assets
Equity instruments measured al cost less impaimient
Carrying amount of flnanclal Ilabllitles
Measured al amortised Cost
1493 990 2 030 262
21

SHRI VALLABH NIDHI- UK
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025
14 Debtors
Group
Charlty
2025
2025
2024
2024
Amounts falllng due wlthln one year-
Trade debtors
Amounts due from group company
46,702
12.912
48,265
48,265
25,440
25,440
48,702
12,912
15 Credltors: amounts falllng due wlthln one year
Group
Charity
2024
2025
2024
202S
Bank loans
Trade creditors
Taxation and social security
other credllors
Accruals and deferred income
71,327
32,410
14.692
53,20QI
4,980
103,831
57,588
6,849
53.493
4,500
71,327
103.831
51,745
4,980
52.038
4,500
178,600
226,261
128,052
160.369
16 Credltors.. amounts falllng after more than one year
2025
2024
Loans and Overdrafts
Bank loans
31
Payable within on& year
Payable after one year
71,327
1 D2.831
1246 063 1 700 170
The loan is secured by first legal charge dated 31 July 2019 over freehold Property Shri Sanatan Hindu Mandir
Ealing Road HA04TA and a personal guarantee capped al 20°h of the oulslanding loan from one of the
Interest was payable at 3.8sts￿ above Bank of England base rate whith is due on monthly b8S1S.
22

SHRI VALLABH NIDHI - UK
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025
17 Analysis of net assets between funds
Unrestricted
funds
202S
Restrlcted
funds
2026
Total
2025
At 30 June 2025:
Tangible assets
Current asselsllliabililiesl
Long term liabilities
16,638,262
95,130
I1,246.￿3)
16,638.262
95.130
11,246,063)
15.487,329
15,487,329
Unrestrlcted
funds
2024
Restricted
funds
2024
Total
2024
At30 June 2024:
Tangible assets
Current assetsl{liabililiesl
Long term liabilities
16,604,845
45,831
{1.700.1701
16,604,845
92,487
{1,700.170>
46,656
14,950.506
46,656
14,997,162
18 ResOTves
Revaluation r8s&rv&
The revalualioll reserve includes all revaluation surpluses of freehold property.
19 Related party transactlons
None of the members of the Board of GoveTnors that served during th@ period rec&iveot any benefit nor were they
party to any transactions that were entered in lo by the ChaTIIy.
One of the trustee's has provided a personal guarantee for the CBIL received by the charity, amounting to £1.32m
as al the year-end.
20 Cash generated from opera￿onS
202S
2024
Surplus for the year
490,167
589.767
Adjustments for..
Depreciation and impairment of tangible fixed assets
67,333
58,715
Movements in working Capital..
Ilncreasel in deblorts
Increase in creditor5
156,615) {10,988)
Cash gènerated from operatlons
506 553 683 909
23