Shree Swamlnarayan Templè Cardiff 509713 Receipts and payments accounts CC16a For the period from 0111112023 3111012024 Section A Receipts and payments Unrestrlcted funds to the noarn•t Restricted funds Endowment funds Total funds Last year to tho n•amt £ to th• n•ar•st £ to th• n•ar••t £ to tho nearnst £ A1 Recelpts Donallons Gift Inter¢$¢ Solar Panel Feed In Tariff Grants And Donation9 Olhar 190,968 26,668 1.498 5.324 4528 190,966 28,668 1.498 0.324 156,4S4 59,683 2,451 4,421 1,36J 2,377 Sub total Gross income for AR) 238,994 228,984 221,751 A2 A888t and Inv8•tment $alg8, (8ee lable). Loan Re aid from SSMB UK Loan Repald from Swaminoryan Mandlr Oldham qoo,000 100.000 100,000 ub total 100.000 100,000 100,000 328,984 328,984 328,761 A3Pa ments Properly- M#int8nanc8 & Equlpment Property- Runnlng Cojls F98tivals and L8aming Office l Admin Staff I Volunteer Co¥16 Grants and Donatlong Loan Repaid 118.840 44,733 42.583 7,708 21,352 2,021 10,000 115.840 44,733 42,683 7,708 36,139 43,283 45.399 8,203 22,422 2,257 15.000 2,021 10,000 Sub total 2H237 244,237 170,706 A4 Asset and Investment pur¢haseg, see table) Purchasa of 30 Mard St Loan to SwamSn•rayan Mandlr eromley 317.$00 200,000 200,000 200,000 200,000 Sub total 317.500 444,237 444.237 488.206 Net of receipts/(payments) AS Transfers between funds A6 Cash funds last year end Cash funds this year end 115,253 115,253 181.454 527,074 411.821 527.074 411.821 688,528 527.074 CCXX R1 accounts ISSI 0110412025
Section B Statement of assets and liabilities at the end of the period Unrestricted funds to n•arn•t £ Restricted fund$ to nearnqt £ Endowment fund8 to nwar8•t £ B1 Cash funds Ca8 2.718 Bank Accounta l Bopd8 409,103 Total cash funds 411,821 la& b•line48 r8c4lB unU$ll Unre•trl¢ted fund8 to nwr••t £ 200,000 Re8trlcted fund• to noar••t £ Endowmgnt funds to ngamt£ Detalls L08n to Shree Sw8min¥raygn Mandlr Bromloy 82 Other monetary a880ts Fund to whl¢h ••t b8lon Curr•nt valu• tlon•l Details Co•t loptlono 83 Inve8tment a88ets Fund to whlch ai•et belon Uftre$lri¢te4 Unre8trict8d Unro$trict¢d Unr88trict8d Unrestrictld Curr•nt valu• tlonal Details Land and Bulldlng14 Mrth Plac4 & 30 Fixtures Fittings and Omam8rit8 Al¢trr8 I IdoS8. Muslcal In8trumen18 Kilchen l Offlca I Sound EquSpm8nl Solar PAn•18 on roof Co•t loptlon•D 84 Assets retalned for tho charlty'$ own use Fund to whleh Amount du• IlonBI 46.724 Wh•n du• tlonal Detalls Loang 85 Llabllltle8 UnreBlri¢led Slgned by ono or Iruglee8 on behalf of all th¢ truslees Slgnature Print Nam• Date of roval 04103/2 CCXX R2 accounts (SS) 0110412025
CHARITY COMMISSION FOR ENGLAND AND WALES Independent examiner's report on the accounts Section A Independent Examiner's Report Report to the trusteesl members of Shree Swaminarayan Temple Cardiff On accounts for the year ended 31FI October 2024 Charity no (if any) 509713 Set out on pages I report to the trustees on my examination of the accounts of the above charity ('Yhe Trust.) for the year ended 3111012024. Re8ponslbilltle8 and AS the charty trustees, you are responsible for the preparation of the basls of report accounts in accordance wlth the Charities Act 2011 ("the ACV). I report in réspect of my examination of the Trust's accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed 811 the applicable Directions given by the Charbty Commission under section 145(5)(b) of the Act. Independent I have completed my exarnination. I confirm that no material matters have examlner's statement come to my attention in connection with the 8xamination which gives me cause to believe that in, any material respect,: the accounting records were not kept in accordance with section 130 of the Act,. or the accounts did not accord with the accounting records,. or the accounts did not comply with the applicable requirements oncerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give 8 'true and fair, view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Signod: Date: 2510312025 Name: Vim81 Upadhyay Relevant professional qualification(s) or body (If any): Chartered Institute of Public Finance and Accountancy (CIPFA) Address: 34 Twyn Y Fedwen. NThlhitchurch Cardiff CF14 1HU IER October 2018
Section B Disclosure Only complete if the examiner needs to hlghlight matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners). Glve here detai18 of any itsm8 that the examlner Wi8he8 to di8cIo80. No items to disc5ose IER October 2018
Trustees, Annual Report for the period Period start date Period end date Yr-.81' From 01 2Q23 To li Section A Reference and administration details Charity name Shree Swaminarayan Temple Cardiff Other names charity Is known by Registered charity number (if any) 509713 Charlty's prlnclpal address 4 Merches Place Grangetown Cardiff Postcode CF116RD Names of the charity trustses who manage the charty Datss acted if not for wholè Tru8to• namo Offlco lif any) Name of parson lor bodyl entltlod toa olnt tru8to6 Ifan S K Hirani D K Hirani Kothari K A Vaghani A R Hirani V L Varsani Vice President Names and addresses of advl8ers (Optional infomiatlon) e of advlser Name Addr•88 NIA Name of chlef executive or names of senlor staff members Ioptional infomiatlon) NIA Section B Structure, overnance and mana ement Descrlptlon of the charlty's tru8ts Trust Deed Type of governing document How the charity is constituted Trust Trustee selection methods Trustees elected by Members TAR March 2012
Addltlonal governance issues (Optional Infonnation) Shree Swaminarayan Temple Cardiff is one of a number of spiritual and wellbeing organisations in the UK and serves the congregation of Cardiff and Its surrounding areas, by providing a place of worship, festivals, education and related activities. It works closely with other public and private sector organisations in Wales who have similar aims of promoting education, faith, community activities and wellbeing. Moral and spiritual operating guidance is provided by the head priest of the Bhuj Temple in India. You may choose to include additional information, where relevant, about.. policies and ProdureS adopted for the induction and training of trustees., the charity's organisational structure and any wider nehvork with which the Charity works; • relationship with any related parties,. trustees, consideration of major risks and the system and procedures to manage them. Members elect Trustees and Management Committee. An elected management committee, with eight nominated postholders, manages the Charity activities. All the above are unpaid volunteers and no payments are made to them by the Charity for their service. Vvhere n8w Trustees are appointed, Trustee Guides and policies of the Charity are made available to the new Trustee, with updates to Trustee details held at the Charity Commission made as soon as possible highlighting changes. The temple continues to offer of further opportunities and events to support people to take part the temples activities and meet its and userfs objectives. Operating cost8 due to utilities, bullding malntenance, product sustainability and food ingredients inflation continue to escalate. Opportunities are being considered to continue to reduce utilities usage and increase generation as part of further sustainability measures. However, this will put further pressure on reserves. Increased operating regulatory requirements remaining Ghallenging and a risk to be managed. Trustees have completed a review of the con8titution including recommendations to be agreed of 3 yearly election cycles for Committee Members. The level of reserves will need to be managed closely, however there are no other signrficant risks that are required to be reported for the financial year ending 2024. TAR March 2012
Section C Objectives and activities To advance the Hindu Religion in accordance with the Swaminarayan Sampraday. This is done by holding religious services, festivals and to provide education and other activities that will further the objects of the Trust. No financial private benefit is gained by those supporting the aims of the Trust and no ham) arose from the purposes. Summary ofthe objects of the charlty set out In its governlng document The Trustees and management committee are aware of the Charity Commission requirements to manage the Trust and its objects for the purposes of public benefrt and have complied with this duty in exercising powers and duties. The Temple does not charge for entry and runs primarily on donations from the congregation and activities such as cooking prasad offerings or organising events, are support8d by volunteers to raise funds. Significant time and effort have been invested during the year by many volunteers in expanding the offering and choice resulting in a consequential increase in income from donations during the year Summary of the maln actlvlties undertaken for tho publlc benefit in relation to these objects (includ8 Within thls sectlon the ststutory declaratlon that trustees have had regard to the guidance issued by the Charlty Commission on publlc beneflt) The Temple 18 available for the congregation to undertake their religious activities both in the moming and evening for 365 days a year. Vthere facilities are available for hire to the members of the congregation, these charges continue to be maintained at rea80nable levels to reflect community use. All Hindu festiva18 are celebrated 80 that the whole of the Hindu Community can be part of the celebrations. Many schools and public service organisations visit the temple as a practical experienc8 to learn about Hindu cutture and religion. This is done with nominal or no charge as part of public benefit. The temple operates an open-door policy and regularly has events interacting with residents around the temple and other faith groups. Teaching is provided in how to read and write the Gujarati language and there are a host of activities to engage youth including classes on religions, culture, behaviour as well as activities such as trips and events. These are operated by volunteers offering their time to impart knowledge, A significant programme of new, interactive events held within and externally to the temple have been undertaken and planned for future to su ort our Ob. TAR March 2012
Additional detalls of objectives and actlvltles O tional Infomiation Activities are run by unpaid volunteers who give up Significant hours of their time to further the objects of the Twst and to provide benefit to the wider congregation. We actively encourage and rely on voluntary participation. No grants were awarded during the year to other entities. You may choose to include further statements, where relevant, about: policy on grantmaking., policy programme related investment; contribution made by volunteers. Activities and events are organised to support the aim of the Trust. The temple relies on the attendance of its congregation and the local Hindu population to support its activities. As has been mentioned above the objects of the trust are furthered by the financial donations of those who visit the temple, whether that be on a one off or regular basis. The above is only possible and sustainable with continued support and donation of time from individuals who provide voluntary selfless service. Apart from wellbeing and spiritual enlightenment of themselves and others, no financial wivate benefit is gained by those supporting the aims of the Trust. TAR March 2012
Section D Achievements and performance Events and activities are undertaken with care and in accordance with risk assessment. Summary of the main achievements of the charity durlng the year Activities included: Celebration of various Hindu Festivals Support for conferences and events in the UK Education -Gujarati, spiritual and wellbeing, with innovative experiences understanding the mind Weekly youth seminar and activities Facilitating over 40 School and public service visits to support curriculum and understanding Introduction and signposting of new events, planning for future events and activities such as yoga and meditation based on feedback from users A highly successful Holi event bringing the festival of colour to a wider audience Daily temple opening and routine between 6.30 9.00 am and 16.00 19.00 pm, allowing congregation to attend the temple for prayers, spiritual and mental wellbeing Temple Anniversary celebrated on a grand scale An active kitchen hub supporting offering to deities, activities and income to support the running of the temple A focus on increasing choice of offerings Adopting the armed forces covenant and highlighting the impact of Hate Crime Hosting various saints from mother temple and celebrating the in parallel the opening of a the New Ram Temple in India Completion of 30 Mardy Street, a property OPPO8lte the temple to further the Objects of the Temple and accommodation starting t o be occupied The construction works on 30 Mardy Street were substantially complete, creating a ground floor facility providing additional teaching space and first floor and second floor accommodation consisting of 5 rooms as a 'step Up, space in line with Objects of the Trust. The temple is grateful for the volunteers who worked tirelessly to voluntarily to plan and undertake tha works. The Youth Committee and Management Committee continue to organi8e events, religious and morals classes for the young children and congregation to take part in on Fridays and weekends. These classes continue to see changes in numbers and rely on pants, dedication and time also. The teachers and presenters who organise and take part in these activities are resolute volunteers who also ensure that the children and adults enjoy coming to and being part of their classes. The members of the congregation who attend the temple are the main contributors of financial donations by which the temple is managed and maintained. We would like to thank them but also to the members of the congregation and management committee who continue to provide their attendance, 8eNice and dedication in all our activities. Volunteers, young and old are essential in building the future skills, relationships, knowledge which are which are essential in advancing the objects of the trust. TAR March 2012
Section E Financial review The operating costs of the temple continue to increase. Costs of utilities, insurances and ingredients have risen significantly and show little sign of abating with such costs at least four times greater than previous years due to market and intemational factors. Brief statement of the charity's pollcy on reserves It is recognised that funds and reserves will be required to ensure that the building remains suitable to support the objects of th8 trust for years to come. This is to cover lifecycle costs as key building components come to the end of their useful life. Funds are invested in cash depostts. Whilst returns have been minimal due to low interest rates, opportunities for longer term deposits are undertaken where cash balances are not deemed required in the near temi. Funds may be loaned interest free to other entities for the short term, where they have objects aligned to the objects of the Trust. Reserves are maintained to ensur8 the operation of the Trust in the short to medium term and more importantly also to ensure sustainability and affordability in the long term for future generation8 as current levels of inflation erodes such reserves and increases costs. Opportunities to invest reserve8 in additional land and building assets to leave and build a legacy continue to be considered by the Temple to further the objects of the Temple and support the wider community In alternative ways. This is subject to due diligence and development at the end of the current reporting period. Details of any funds materially In deficit NIA Further financlal review detalls ¢Optlonal intormatlon) As mentioned above, the main source of income is voluntary donations, during a visit to the temple or online. Vllhere fund raising is undertaken for other charities this is not recorded as trust income and expenditure but given directly to those charities. No professional fundraisers are utilised. You may choo80 to Include additional information, where levant about: the charity's principal sources of funds (includlng any fundraising); how expenditure has supported the key objectives of the charity., investment policy and objectives including any ethical investment policy adopted. This yearfs expenditure relates primarily to the continued construction works at 30 Mardy Street, provision of a short temi loan to Bromley Temple and that involving the effective operation of the building, providing offerings of food and service to deities and the public and organising festivals and youth activities. All reserve fvnds during the year were invested primarily in cash deposrts with one loan outstanding as highlighted in the financial return as at 31 October 2024. Capital preservation is of paramount importance to ensure funds are available for the long term annual operating costs and maintenance costs of the temple and to support its charitable objects. Given the nature of investments, there are no specific ethical inve8tment policy requirements. TAR March 2012
Section F Other optional information NIA Section G Declaration The trustees declare that they have approved the trustees, report above. Slgned on behalf of the charlty's trustees Slgnature(s) Full name(s) Karsan A Vaghani Po8ltion (eg Secretary, Chalr, Trustee etc) Dinesh K Hirani Trustee Date 5th Aprll 2025 TAR March 2012