SHREE SWAfvIINARAYAN.TEMPLE Rcgistercd Charity No. 516531 TRUSTEES REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEIIABER 2023 Advice4accounts Itd Unit a 101 Mclton roa Leicester- LE4 6PN CPAA License No:_ 05391323A
SHREE SWAMINARAYAN TEMPLE INDEX Page Officers and Advisers Trustees, Report Independent Examiner's Report Statement of Financial Activities Balance Sheet Notes to the Accounts The following pages do not forni part of the statutory accounts Detailed Statement of Financial Activities
Page I sIniEE SWATrttNARAYAN TEMPLE LEGAL AND ADl¥tINISTRATIVE INFORMATION Ttee8. Shree Yogeshkumar Patel Shree Nathalal K Chohan Shree Jivrajbhai D Tank PIdent. Vice President: Shrce Yogeshkumar Patel Shree Nathalal K Lhohan Secretary: Jolnt Secretary: Shree Kiranbhai V Bhavsar Shree Kunal Patel Tr&9surer: Joint Treasurer: Shree Jivrajbhai D Tar Kothari: Joint Kothari: Shrce Vipulbhai Patel Shree Shantilal N Patel Principal Office 139-141 Loughborough Road Leicester LE4 5LQ Registered Number 516531 Principal Bankers Barclays Bank plc Belgrav¢ Road Branch PO Box 54, Town Hall Square Lcicester LEI 9AA Bank of Tndia 105 -107 Belgrave Road Leicester LE4 6AS Independent Examiners Advice4accounts Ltd I OIA Melton Road, Leicester: _ LE4 6PN CPAA License No:_ 05391323A
Page 2 SIIREE SWAMINAIL4YAN TEMPLE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023 Th¢ trusttt5 havc plcasurc in pre8cntingT thcir annual rcport alongr with the financial statements for the year ellded 31 December 2023. This report is prepared in accordaJ]ce wAtli the accollrttinb, policies set oui on pttge 6 and comply with the Charity's Trust Deed atLd applicable law. Objertivefj and Activities fDr th¢ Publac Benefit The principal object of the charity is to adte the Hirtdu religivn in aLcordanLe with the tL'hingS of the Shree Swaimi Narayan Bhagwan. To this ¢nd, the Lharity 18 committed co ¢nablittg as marty ordii)ary worshippers as W$]ble to attend the Temple Llld practice their faith through Praye and celebrations. The TnteeS kire mittdfid of the tLeed to mettt th¢ Public Bcn¢fit requirement and hAve been made aware of th¢ guidanLC given to TnLetS by the Charity Commisslon. They constder tbai the onus upon them is disLharged by the promotion of the Swwllinarayan and Hindu Religioll. Apart from organizing scvcral functions, frcc meals continue to be sers'ed to all who CDngregats at the Temple. The chartry is alway5 mindfil of the ovetYidiDg tenets of Hinduism, that of showing respect and tolerdnce to other cultures and cultivating moral Yalues. Structure, Governance and Managememt Shree Swaminarayan Temple is constitutd Under a trust deed dated 13 April 1985 and is a registered charity. The accJJunts have been pi'epared to confomi with the requirnents of the gov¢rning doGum¢nt5, clifTt statuiory requirements. and the quIrementS of Accounting and Reporting by Charities. together with the Statement. of Recommended Practice FRS 102. The trustees in oftice dw'ing Ibe year and at the date of this report set out on page l. Each trusiee has taken responsibility for inonitOTing our activities in specific operational areas. chairing subgroups Consisting of volunteers. The Tru$*es noTmally ineet at le&4t on¢¢ tn every four weeks and are responsible for the day-to4ay rnanag#m¢nr and admijjistration of the Cbariry. Rlsk P4)Iley Tbe major risks to wlyLh th¢ Trust is exposed lir¥ reviewed regularly dnd systems updat¥d to mitigate those risks. The TteeS maintain appropriate internal controls and procedures, incllldiTtg those relating to budgetary and financial risks and health and safers regulations. Aehievement aud Perfornian¢e As in previous years, the Trustees rnEaged to assist other Swaminarnyan Temples in India and UK by providing aid and have maintained healthy re5¢rv¢ funds in the UK for future use. During the Yr, N'arious religious and cultural activiti were orgallized and well attended, which also helped raise funds. The inajority of Ibe income is g7eneraied tt]rough orgyanizing HilldtF fc5tivals and progFram4 nIelY Diwali/HiDdu New Year. Annuttl Allllivcf5ary (Patotsov) celebrations of the Temple, and other r¢&yular sy>nsoKed ev¢n(s by individuals liolding prayer g&ilierings.' $ch as Dhoon, Haniiman Chalisa, BhajatVKirtan and Katlw. This was only possibl¢ with the valued and ongoiLg 8UPPOrt of our volun¢¢¢rs. Future Flnanclal Res'ie The TAtee5 are Lonstantly strivin8 to improve tbe worshipping and Lommunal faL'ilities withtll tb¢ t#mple. witb saf¢ty and ¢ornfort in mind. This atlr8cib more users and has seen an increased inflow of pcoplc, using thc facilities. This is particulY important as a large proportion of th¢ rcgujarb arc dderly ond less able, so appreciated tbe added conv¢nienLc5 availablc to them. The Committe¢ has strived to mainthin th¢ builditLg and its faLilities. Ms tar as posSbIt, with the major projecL iti 2021- repairing aud making safe the back of the pmperty by securing thc drains. gutterittg and relaying the llooring, which was completed on time. ]tur¢ plans are to decorate the front of the iernple. including the main access doors ro the side of the property and a]so making the doors more secure going foThvard. In additio the 2nd floor storag¢ and Lotohen Space was renewed w&th ll¢w flooring and illLproved storag¢ fa¢ilities, togciher with improve¢t5 to thc 2rLd floor tonknt and Shower f&cilitites
Page 2a SHREE SWAMINARAYAN TEMPLE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023 Volunlgry help and gifts in kind The trnsteeg are once again very grdteful to the dedicated volunteers who help by canying out various duties during the religious activities in thc year. and those based outside Leicestershirc. As always, many volunteers give up their time to help. and we are greatly indebted to these volunteers for their commilment and support. Plans for the Future maintain and improve available praycr and communal faciliti£g estsblish relationships with kral religious instiwtions. fulfill our statutory obligations of health and safety to participate in other charity work rclated to the Trnsvs objectives. Thistees, responsibilities in relation to the fJuaDcial statements The Thistees are responsible for preparing the Annual Report and the financial statements in a¢wrdanc¢ wilh applicabl¢ law and regulattons. The law applicable to charitie5 in England and Wales requires the Irustees to prepare financial slatements for each financial year in accordan¢¢ wiill UK Generally Accepted Accounting Practice (UK Accounting Standards and appltcable Law). The Trustees must not approv¢ the finanoial statements unless they are Satisfi that they give a true and fair view of the slate of affairs of the Charity and of the incoming resources and application of r¢sourc¢s. including the income and expendithre, of the Charity for the year. n preparing those financial statements. the tntstees are required to: select suitabl¢ xcounting policies and then apply them consistently. observe the methods and principles in the Charities SORP make judgments and estimates that are reasonable and prnd state whethcr applicablc accounting standards have been followed subject to any departures disclosed and explain in the financial statements and Prepare the financial statemellts on the going concern basis unless it is inappropriate to presume that the charity will continue to operate. The trustees are responsible for keeping proper accounting records which dAsclose with rc&sonable accurdcy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the ChaTit1¢5 Act 2011. tlle Charity (Accounts and Reports) Regulattons 2008 and tlle provisions of the Trust Deed. They are also responsible for saftguarding tlle assets of the charity and hence for taking reasonable steps for the prevention and d¢t¢ction of fraud and otller irregularities. Approved by the trustees and $ied on tlleir behalf by: Shr¢e Yogeshkumar Patel IG>LFlzS.
Page 3 SHREE SWAMINARAYAN TEMPLE INDEPENDENT EXAMINERIS REPORT TO THE TRUSTEES OF SHREE SWAMTNARAYAN TEIWPLE I r¢port on the accounts of the Trust forthe year ended 31 December 2023, which are set out on pages 4 to 6& This report is made solely to the charlty's trustees. as a body, in a¢cordanc¢ with section 145 of the Charities Aet 2011. My work has been undertaken so that I might state to the chartty's trustees those matters I am required to state to them in this r¢port and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the charity's tTU5tees as a body for my work, for thts report, or for the opinions I have fornied. Respective rtsponsibilfitits of trustees and examiner As the Trust¢¢s of the Charlty, you are responsible for the preparation of the financial statements in accordan¢e with the r4uirements of th¢ Charities Act 2011 ("the Act ). The charity's trnstees consider thal an audit is not required for this year under 5ethion 144(2) of the Charities Act 2011 (the 2011 Act} and that an independent examination is needed, It is my responsibility to". examine the accounts mld¢r section 145 oftll e 2011 AL follow th¢ pro¢edures laid down in the General Directions given by th¢ Charity commission tnlder section 145(5)(b) of the 2011 Act. and State whetherparticular matters have come to my attention. Basis of Ind¢p¢nd¢nt Examlner's report An independent examination does not involve gathering all tlle evidence that would be required in an audit and consequently do¢s not ¢ov¢r all the matters that an auditor considers in giving their opinion on the financial statements. The planning and conduct of an audit goes beyond the limited assuran¢¢ tliat an independent examination can provide. Consequently. l express no opinion as to whetll er tlle financial statements present a 'true and fair view and my report is limited to those specific matters set out in the independent examinerfs statement below. IndepelldeDt Examiner's stst¢m¢nt I have cornpleled my ¢xaMinatiO and I confirm that no material matters have come to my attention in Connection with the examination giving me cause to believe that in any material r¢spect= accountlng records were not kept in respect of the Charity as required by section 130 of tll¢ 2011 ACL or the financial statements do not accord with those records; or the financial statements do not comply with the applicable requirements concerning the forn) and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 oiher than any requtrement that the ounts give a trrue and fair, view which is not a matter considered as part of an independent examination. Mr Sanjay Ravatia Advice4accounts Ltd 101 A Melton Road L¢i¢¢ster- LE4 6PN Advlce4Accounts Ltd CPAA LIC NO- 05391323A SAN AY RAVATI UNIT A 101 MELTON ROAD, LEICESTER- LE4 6PN CPAA CERTIFIED- MEMgERSH5P NUM6EFI- 05391323A TEL- 07723 000519 MEM8ER OF CERTIFIED PU8LIC ACCOUNTANT ASSOCIATION
CHARITY COIAMISSION FOR ENGiANO ANO WAiES roc Sw4mliiarnyaii T*i)I,¥lo Receipts and payments accounts CC16a For the perlod Irom Ql.a¢.2923 To Section A Receipts and payments Unre8trl¢tsd funds Restricted fund8 Endowment fund$ Total funds Lagt year IDlhe noarg51 tothe tw8mt£ toth• noaroM£ to th• n•awt£ A1 Ro¢¢t Donation GiftAld Chal Irbcom• 20.1 5,501 B3,849 66.745 SM$2 5.SJl 53149 Reothi In¢on)• 19N16 21.596 Sub tt)tsl( ross income AR) 1•Z.126 102.126 94303 A2 Asset and imf#stment 1¢, 180• table). ub total 102,126 102.128 94203 A3Pa •nts 6fflFle Runnirwj Exp5• Don4Uons Raislng nd CharlrabloacyIa• 30,142 7231 .T90 9,090 7M1 Sub total 47.373 37Af1 A4 Assèt and investmènt purchasès. S88 tsble) Sub total 47,J73 47Jn 37,4T1 Net 0frelp{PayM0nts) AO Transfer8 bglween lund$ A6 Ca8h last yoar end Cash funds thi$ year end 4783 54763 $6,732 64,753 54,753 fj8,732 CCXX R1 accounts ISSI 281D412025
Section B Statement of assets and liabilities at the end of the period Unrtsirfctèd fund$ ReBtrlcted funds Enrlowm•nl funds CJtsgori&$ Details to rk•orest£ noar•t£ to nea{1£ 81 Cash funds 14et Income 54.T53 Total cash funds 64763 •XOurtlsll Unregtrlct•d fund$ Rgstrlcted funds ETrdownwnt lunds DetsS1$ to nleste 172A38 to ne•Yes¢£ B2 Other monetary assets Loan to Swamlft4rny•n Mandir Aecwal 307 ¢uwrem 8an a¢¢ount I25 Savlng 3anka¢count 32,707 Fundkn which •¥$81 433050 Detslls deposr( ¢tIOptIonall Cur¥ontvaluoloptionall B3 Inve8bnent assots Fund towhkh assetb•h) 748624 Details FlxA88•t Cost Iopiionall 84 Assets retained for the chaiivs own use Fund towht¢h r•lat¢s Details Anntd* loptlonall Wh•n due lop0• Signed by one or trijstees on behalf of 811 the trustees SkJnature Prirrt Narne Oato of approval Shr¢e Y eshbhii J Patel Nathalal K Chohan Jlvraj D Tank CCXX R2 tnts {SSI 28104r2025