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2022-07-31-accounts

DocuSign Envelope ID: 931C8C6A-4BA3-497B-A411-53355CBB00D4

CHARITY REGISTRATION NUMBER: 803601

YOGI DIVINE SOCIETY (UK) Annual Report and Financial Statements

31 July 2022

RMR PARTNERSHIP LLP

Chartered Accountants & statutory auditor 3rd Floor, Vyman House 104 College Road Harrow Middlesex HA1 1BQ

DocuSign Envelope ID: 931C8C6A-4BA3-497B-A411-53355CBB00D4

YOGI DIVINE SOCIETY (UK)

Annual Report and Financial Statements

Year ended 31 July 2022

Page
Trustees' annual report 1
Independent auditor's report to the members 10
Statement of financial activities 14
Statement of financial position 15
Statement of cash flows 16
Notes to the annual report and financial statements 17
The following pages do not form part of the annual report and financial
statements
Detailed statement of financial activities 27
Notes to the detailed statement of financial activities 28

DocuSign Envelope ID: 931C8C6A-4BA3-497B-A411-53355CBB00D4

YOGI DIVINE SOCIETY (UK)

Trustees' Annual Report

Year ended 31 July 2022

The trustees present their report and the Annual Report and financial statements of the charity for the year ended 31 July 2022.

Reference and administrative details

Registered charity name YOGI DIVINE SOCIETY (UK) Charity registration number 803601 Principal office Haridham Hindu Swaminarayan Temple 63 Woodcock Hill Harrow HA3 0JH The trustees

Satish Chatwani Prafulchandra Patel Jatin Shah Chirag Mehta Rekhav Patel Nayan Tank Jayesh Patel Vinay Chauhan Sureshbhai Patel Rajendra Patel Yogi Divine Society UK Limited (A Company Limited by Guarantee) Auditor RMR Partnership LLP Chartered Accountants & statutory auditor 3rd Floor, Vyman House 104 College Road Harrow Middlesex HA1 1BQ

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DocuSign Envelope ID: 931C8C6A-4BA3-497B-A411-53355CBB00D4

YOGI DIVINE SOCIETY (UK)

Trustees' Annual Report (continued)

Year ended 31 July 2022

Structure, governance and management

The charity is an unincorporated trust, governed by a constitution amended and adopted on 5 November 2021 and is a registered charity 803601.

The organisation is an unincorporated trust registered under charity registration number 803601. The governing document for the charity is its constitution dated 5 November 2021.

YDSUK operates Mandirs (places of worship) and associated activities to promote the Hindu Swaminarayan faith, with its headquarters in London and centres throughout the UK.

The Mandirs and centres are in the following towns and cities:

the London area - Harrow, Illford, Croydon and Midlands area - Leicester, Birmingham, Coventry, Manchester, Leeds.

The Trustees meet regularly to manage the affairs of the charity.

Each Trustee has assumed responsibility for monitoring activities in specific operational areas and chairing groups consisting of staff arid volunteers. The Trustees report the activities of these operational areas to the Board of Trustees.

All Trustees give their time voluntarily and receive no benefits from the charity.

Incoming resources

The Charity derives its income predominantly from donations from followers of the faith. The Charity has not carried out any significant fundraising activities.

Risk management

The management committee conduct regular review of the risks to which the charity is exposed. Where appropriate, systems, or procedures have been established to mitigate the risks.

Internal control risks are minimised by the implementation of procedures for authorisation of all

transactions and projects.

Procedures are in place to ensure compliance with all statutory legislation and the implementation of such procedures to ensure the health & safety of staff, volunteers, clients and visitors to the premises.

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DocuSign Envelope ID: 931C8C6A-4BA3-497B-A411-53355CBB00D4

YOGI DIVINE SOCIETY (UK)

Trustees' Annual Report (continued)

Year ended 31 July 2022

Objectives and activities

The objective of the Yogi Divine Society (UK) are:

a) The advancement of religion in accordance with the tenets and doctrines of Hinduism (Swaminarayan).

b) The advancement of education and awareness in accordance with the tenets of Hinduism (Swaminarayan).

c) The relief of poverty, distress and suffering throughout the World and in particular (but without limitation) in the sub-continent of India.

Activities have been arranged throughout the year to further the objects set out above. In particular, weekly assemblies, participating in local and international youth conventions and holding professional seminars were carried out during the year.

Activities

The charitable activities undertaken in the year are congregational activities; children and youth activities; and food for deities, volunteers and devotees.

The trustees review the aims, objectives and activities of the charity each year. This report looks at what the charity has achieved and the outcomes of its work in the reporting period. The trustees report the success of each key activity and the benefits the charity has brought to those groups of people that it is set up to help. The review also helps the trustees ensure the charity's aims, objectives and activities remain focused on its stated purposes.

The trustees have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the charity's aims and objectives and in planning its future activities. In particular, the trustees consider how planned activities will contribute to the aims and objectives that have been set. One of YDSUK's principal aims and objectives is to impart social. cultural, moral and traditional values to Children, teenagers, youths and adults thereby helping to provide a moral and ethical framework for people to live by and so playing an important part in building a better society.

The Charity during the year provided the following activities:

Congregational activities include the regular religious activities undertaken during the year, as well as the celebration of annual Hindu festivals.

Food was provided for deities, volunteers and devotees as part of the religious activities described above.

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DocuSign Envelope ID: 931C8C6A-4BA3-497B-A411-53355CBB00D4

YOGI DIVINE SOCIETY (UK)

Trustees' Annual Report (continued)

Year ended 31 July 2022

Congregational Activities

Congregational activities include the regular religious activities undertaken during the year, as well as the celebration of annual Hindu festivals and the making of grants.

Highlights of the year include the below

Prayers and Festivals

Diwali & New Year Celebrations at Mandir

Diwali and the Hindu New Year are two of the most important and colorful festivals of the Hindu calendar - a time to celebrate and reinforce family values, charity and goodwill. Most importantly. it is a time for thanksgiving to God, marked most beautifully with the Annakut offering. This, the first meal of the new year, is offered to the murtis in a breath-taking arrangement of food - often hundreds of items combining culinary skills, artistic flair and selfless devotion.

After last year's celebrations were moved exclusively online due to the coronavirus pandemic, this year, it was a relief and joy that YDSUK mandir and their centres around the UK were able to allow devotees and visitors to attend in-person in a Covid-safe manner.

Swaminarayan Jayanti and Rama Navmi Celebrations

Swaminarayan and Ramnavmi hold immense importance in the lives of devotees of the Swaminarayan faith. These auspicious days commemorate the birth of Lord Ram and the birth of Lord Swaminarayan, the revered founder of the Swaminarayan faith.

During these celebrations, the temple organized a special assembly where the Mandir is beautifully decorated. Devotees come together to sing devotional songs (bhajans) and perform a dramatic portrayal of Lord Swaminarayan's life. Spiritual discourses delivered by saints impart the profound teachings of Lord Swaminarayan. The assembly concludes with a communal dinner, fostering a sense of togetherness among the devotees. These vibrant celebrations serve as an opportunity for devotees to express their devotion, learn from the life and teachings of Lord Swaminarayan, and strengthen their spiritual bond with their faith community.

8th Patotsav Mahapooja

The day marks the anniversary of the Mandir's sanctification by the head priest eight years ago. It is a joyous occasion that brings devotees together to celebrate and reflect upon the blessings they have received. The Mandir holds a special place in the lives of the devotees as it provides them with not just a sacred space to offer their prayers, but also a sense of belonging to a vibrant and supportive community.

The anniversary celebration is a momentous event that reinforces the deep-rooted values of unity, togetherness, and communal harmony. It serves as a reminder of the incredible journey the devotees have undertaken as a collective, and the milestones they have achieved in establishing a spiritual and social haven for themselves. It is a time to express gratitude for the Mandir's existence and the opportunities it provides for spiritual growth and connection with fellow devotees. It was celebrated by

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DocuSign Envelope ID: 931C8C6A-4BA3-497B-A411-53355CBB00D4

YOGI DIVINE SOCIETY (UK)

Trustees' Annual Report (continued)

Year ended 31 July 2022

by offering Mahapooja by all devotees

Guru Purnima and Shire Krishna Janmashtami

The celebration of the Guru in Hinduism is a momentous occasion where devotees come together in a special assembly. Devotees expressed their devotion through singing devotional songs and listening to spiritual discourses that emphasized the profound importance of the Guru in their lives. It is a time of reflection, gratitude, and spiritual growth as devotees strengthen their connection with the Guru and seek guidance on their spiritual journey.

During this auspicious celebration, devotees honored the Guru's teachings and guidance, recognizing the transformative impact on their spiritual well-being. The assembly served as a powerful reminder of the Guru's central role in Hinduism, deepening the devotees' faith and fostering a sense of unity among the community. It is a time of reverence, inspiration, and seeking spiritual enlightenment under the guidance of the revered Guru.

Community, Children, Youth and Family Activities

Online family Sabha

Due to the Covid-19 restrictions and the need for social isolation, many devotees were unable to attend the in-person assembly at the Mandir. In response to this situation, the Mandir organised an online assembly, providing devotees with the opportunity to participate remotely and connect virtually.

This online assembly became a valuable alternative for devotees, allowing them to take advantage of the digital platform to engage in the devotional activities from the safety and comfort of their homes. It enabled devotees to join in the singing of devotional songs, listen to the spiritual discourses, and experience the essence of the celebration through the online medium.

Children sports activity every weekend

As a result of Covid-19 restrictions and the necessity for social distancing, children were significantly impacted and unable to engage in the activities they loved. To address this, the Mandir took initiative by organizing sports and other recreational events over several weekends, providing children with opportunities to come together and participate in their favorite activities.

The Mandir's efforts aimed to create a supportive and enjoyable environment where children could reconnect with their passions. These organised events allowed them to indulge in sports, games, and other cherished activities that brought them joy and fulfillment. By facilitating these gatherings, the Mandir sought to bring children closer, promoting social interaction and fostering a sense of camaraderie among them.

Youth IT learning class

Recognizing the significance of giving back to the community, the Mandir took a proactive step by organising free IT learning classes. Over the years, numerous individuals have availed themselves of this opportunity, resulting in not only advancements in their careers but also substantial improvements in their lives. Furthermore, these individuals have now become contributors to the community, spreading the benefits they have gained.

The Mandir's initiative in offering free IT learning classes demonstrates its commitment to empowering individuals with valuable skills and knowledge. Participants have seized this chance to enhance their professional prospects and expand their horizons. As a result, they have experienced transformative changes that extend beyond their careers, positively influencing various aspects of their lives.

The impact of the IT learning classes extends even further as individuals who have benefited from the

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DocuSign Envelope ID: 931C8C6A-4BA3-497B-A411-53355CBB00D4

YOGI DIVINE SOCIETY (UK)

Trustees' Annual Report (continued)

Year ended 31 July 2022

program are now actively giving back to the community. They utilize their newfound expertise and experiences to make meaningful contributions, fostering a cycle of empowerment and support within the community. The Mandir's dedication to providing these educational opportunities showcases their commitment to uplift the community.

Paathey Box-Cricket Tournament

The Mandir organizes a highly popular and beloved Cricket tournament, played in a unique format, that draws many participants from the devotees and the community. This event offers a much-needed escape from daily routines, allowing participants to relish the joys of life through the excitement and camaraderie of the game. The tournament fosters a strong sense of community spirit, bringing people together in friendly competition and creating memorable experiences that strengthen the bond within the community.

The Cricket tournament holds a special place in the hearts of the devotees and the community, providing a refreshing break and an opportunity to connect with others. It serves as a platform for participants to unwind, celebrate the vibrant spirit of life, and enjoy the shared passion for the game. The Mandir's commitment to organizing this beloved event reflects their dedication to creating an enjoyable and inclusive community experience.

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DocuSign Envelope ID: 931C8C6A-4BA3-497B-A411-53355CBB00D4

YOGI DIVINE SOCIETY (UK)

Trustees' Annual Report (continued)

Year ended 31 July 2022

Achievements and performance

Public benefit

The trustees have complied with their duty in section 17 of the Charities Act 2011 and guidance issued by the Charity Commission in deciding what activities the YDS UK should undertake.

YDS UK's policy is to consult and discuss with employees, staff councils and at meetings, matters likely to affect employees' interests.

The trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the charity's objectives and activities and in planning future activities. It is the judgement of the trustees that activities in pursuit of the above objectives fully meet the public benefit test, which they have kept in mind in planning programmes for the charity.

Reserve policy

The Trustees consider the key measure of sustainability for the Charity to be current and future liquidity cover, rather than the surplus or deficit accounting position. As a consequence, the Trustees have set appropriate reserves policies relating to liquidity based on the relationship between readily realisable assets, on-going level of donations received and the cash requirements associated with sustaining the Charity's operations for a period.

In establishing this policy, the Board of Trustees conducts an annual review of the level of unrestricted reserves in the general fund by considering risks associated with the various income streams, expenditure plans and balance sheet items. This enables an estimate to be made of the level of reserves that are sufficient:

Risks and issues considered by the Board of Trustees in making this judgment on the level of unrestricted reserves include:

The Trustees have also assessed other operational and business risks which they face and confirm that they have established systems to mitigate the significant risks. In the event of the Charity facing difficult financial circumstances, this would allow it to continue operations during a period of managed adjustment to these new circumstances.

The Trustees review the Charity's reserves policy annually and are satisfied with the level of cash reserves at 31 July 2022 which amounted to £ 2.3m. The Charity's total unrestricted reserves amounted to £5.6m which the trustees consider is sufficient given its policy to retain to fund ongoing costs of the Charity for at least one year.

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DocuSign Envelope ID: 931C8C6A-4BA3-497B-A411-53355CBB00D4

YOGI DIVINE SOCIETY (UK)

Trustees' Annual Report (continued)

Year ended 31 July 2022

Financial review

The charity made a surplus of £230,698 (2021: £878,454) and accumulated reserves in surplus of £5,791,672 (2021: £5,560,974) at the yearend. The present level of funding is adequate to support the activities of the charity and the Trustees consider the financial position of the Charity to be satisfactory.

Plans for future periods

 YDS UK is exploring the possibility of acquiring properties in other locations for opening centres / branches of YDS UK which will continue to achieve the same objectives and activities of the Charity.

Statement as to disclosure of information to auditors

Each of the persons who is a trustee at the date of approval of this report confirms that:

During the year, the Trustees reviewed their audit requirements and re- appointed RMR Partnership LLP as auditors.

Trustees' responsibilities statement

The trustees are responsible for preparing the trustees' report and the Annual Report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England and Wales requires the charity trustees to prepare Annual Report and financial statements for each year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, of the charity for that period.

In preparing these Annual Report and financial statements, the trustees are required to:

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DocuSign Envelope ID: 931C8C6A-4BA3-497B-A411-53355CBB00D4

YOGI DIVINE SOCIETY (UK)

Trustees' Annual Report (continued)

Year ended 31 July 2022

The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charity's transactions and disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the Annual Report and financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the provisions of the Trust Deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The appointment of trustees is governed by the Trust Deed of the charity. The Board of Trustees is authorised to appoint new trustees to fill vacancies arising through resignation or death of an existing trustee.

The trustees of the Charity are legally responsible for the overall management and control of Yogi Divine Society UK ('YDS UK') and meet regularly. The work of implementing most of their policies is carried out by the chairpersons.

4th June 2023 The trustees' annual report was approved on ............................... and signed on behalf of the board of trustees by:

Chirag Mehta Trustee

Rekhav Patel Trustee

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DocuSign Envelope ID: 931C8C6A-4BA3-497B-A411-53355CBB00D4

YOGI DIVINE SOCIETY (UK)

Independent Auditor's Report to the Members of YOGI DIVINE SOCIETY (UK)

Year ended 31 July 2022

Opinion

We have audited the Annual Report and financial statements of YOGI DIVINE SOCIETY (UK) (the 'charity') for the year ended 31 July 2022 which comprise the statement of financial activities, statement of financial position, statement of cash flows and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the Annual Report and financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the auditor's responsibilities for the audit of the annual report and financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the Annual Report and financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities 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.

Conclusions relating to going concern

In auditing the Annual Report and financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the Annual Report and financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the Annual Report and financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

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DocuSign Envelope ID: 931C8C6A-4BA3-497B-A411-53355CBB00D4

YOGI DIVINE SOCIETY (UK)

Independent Auditor's Report to the Members of YOGI DIVINE SOCIETY (UK)

(continued)

Year ended 31 July 2022

Other information

The other information comprises the information included in the annual report, other than the Annual Report and financial statements and our auditor’s report thereon. The trustees are responsible for the other information. Our opinion on the Annual Report and financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the Annual Report and financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the Annual Report and financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the Annual Report and financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the charity and its environment obtained in the course of the audit, we have not identified material misstatements in the trustees' report.

We have nothing to report in respect of the following matters in relation to which the Charities Act 2011 requires us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the trustees' responsibilities statement, the trustees are responsible for the preparation of the Annual Report and financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of Annual Report and financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the Annual Report and financial statements, the trustees are responsible for assessing the charity's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so.

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DocuSign Envelope ID: 931C8C6A-4BA3-497B-A411-53355CBB00D4

YOGI DIVINE SOCIETY (UK)

Independent Auditor's Report to the Members of YOGI DIVINE SOCIETY (UK) (continued)

Year ended 31 July 2022

Auditor's responsibilities for the audit of the annual report and financial statements

We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.

Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, 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 regulations;

 we focused on specific laws and regulations which we considered may have a direct material effect on the operations of the charity financial statements or the operations of the charity, including the Charities Act 2011, data protection, anti-bribery, employment laws, environmental and health and safety legislation.

We assessed the susceptibility of the Charity's financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:

There are inherent limitations in the audit procedures described above; any instance of noncompliance with laws and regulations and fraud which is far removed from transactions reflected in the financial statements would diminish the likelihood of detection. Furthermore, the risk of not detecting a material misstatement due to fraud is greater than the risk of not detecting one resulting from error. Fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentation, or or through an act of collusion that would mitigate internal controls.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council’s website at: http:www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

Use of our report

This report is made solely to the charity's members, as a body, in accordance with section 144 of the Charities Act 2011 and regulations made under section 154 of that Act. Our audit work has been

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DocuSign Envelope ID: 931C8C6A-4BA3-497B-A411-53355CBB00D4

YOGI DIVINE SOCIETY (UK)

Independent Auditor's Report to the Members of YOGI DIVINE SOCIETY (UK)

(continued)

Year ended 31 July 2022

undertaken so that we might state to the charity's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity's members as a body, for our audit work, for this report, or for the opinions we have formed.

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................................................. RMR Partnership LLP Chartered Accountants & statutory auditor 3rd Floor, Vyman House 104 College Road Harrow Middlesex HA1 1BQ

4th June 2023

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DocuSign Envelope ID: 931C8C6A-4BA3-497B-A411-53355CBB00D4

YOGI DIVINE SOCIETY (UK)

Statement of Financial Activities

Year ended 31 July 2022

2022 2021
Unrestricted Restricted
funds funds Total funds Total funds
Note £ £ £ £
Income and endowments
Donations and legacies 4 324,565 67,675 392,240 1,107,085
Investment income 5 6,334 – 6,334 8,540
————————— ———————— ————————— ————————————
Total income 330,899 67,675 398,574 1,115,625
========= ======== ========= ============
Expenditure
Expenditure on charitable activities 6 165,374 2,502 167,876 237,171
————————— ———————— ————————— ————————————
Total expenditure 165,374 2,502 167,876 237,171
========= ======== ========= ============
————————— ———————— ————————— ————————————
Net income and net movement in funds 165,525 65,173 230,698 878,454
========= ======== ========= ============
Reconciliation of funds
Total funds brought forward 5,480,909 80,065 5,560,974 4,682,520
———————————— ————————— ———————————— ————————————
Total funds carried forward 5,646,434 145,238 5,791,672 5,560,975
============ ========= ============ ============

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

The notes on pages 17 to 25 form part of these Annual Report and financial statements.

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DocuSign Envelope ID: 931C8C6A-4BA3-497B-A411-53355CBB00D4

YOGI DIVINE SOCIETY (UK)

Statement of Financial Position

31 July 2022

31 July 2022
2022 2021
Note £ £ £ £
Fixed assets
Tangible fixed assets 12 3,445,672 3,404,852
Current assets
Debtors 13 6,586 16,805
Investments 14 9,845 9,845
Cash at bank and in hand 2,362,379 2,140,071
———————————— ————————————
2,378,810 2,166,721
Creditors: amounts falling due
within one year 15 32,810 10,599
———————————— ————————————
Net current assets 2,346,000 2,156,122
———————————— ————————————
Total assets less current liabilities 5,791,672 5,560,974
———————————— ————————————
Net assets 5,791,672 5,560,974
============ ============
Funds of the charity
Restricted funds 145,238 80,065
Unrestricted funds 5,646,434 5,480,910
———————————— ————————————
Total charity funds 17 5,791,672 5,560,975
============ ============

These Annual Report and financial statements were approved by the board of trustees and authorised for issue on ....................... , and are signed on behalf of the board by: 4th June 2023

Chirag Mehta Trustee

The notes on pages 17 to 25 form part of these Annual Report and financial statements.

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DocuSign Envelope ID: 931C8C6A-4BA3-497B-A411-53355CBB00D4

YOGI DIVINE SOCIETY (UK)

Statement of Cash Flows

Year ended 31 July 2022

2022 2021
£ £
Cash flows from operating activities
Net income 230,698 878,454
Adjustments for:
Depreciation of tangible fixed assets 77,515 72,861
Other interest receivable and similar income (6,334) (8,540)
Accrued expenses 1,344 1,800
Changes in:
Trade and other debtors 167 (960)
Trade and other creditors 20,867 5,978
————————— —————————
Cash generated from operations 324,257 949,593
Interest received 16,386
————————— —————————
Net cash from operating activities 340,642 949,592
========= =========
Cash flows from investing activities
Purchase of tangible assets (118,335) (580,053)
————————— —————————
Net cash used in investing activities (118,335) (580,053)
========= =========
Net increase in cash and cash equivalents 222,308 369,540
Cash and cash equivalents at beginning of year 2,140,071 1,770,531
———————————— ————————————
Cash and cash equivalents at end of year 2,362,379 2,140,071
============ ============

The notes on pages 17 to 25 form part of these Annual Report and financial statements.

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DocuSign Envelope ID: 931C8C6A-4BA3-497B-A411-53355CBB00D4

YOGI DIVINE SOCIETY (UK)

Notes to the Annual Report and Financial Statements

Year ended 31 July 2022

1. General information

The charity is a public benefit entity and a registered charity in England and Wales and is unincorporated. The address of the principal office is Haridham Hindu Swaminarayan Temple, 63 Woodcock Hill, Harrow, HA3 0JH.

2. Statement of compliance

These Annual Report and financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (the second edition of Charities SORP (FRS 102)(2019)) and the Charities Act 2011.

3. Accounting policies

Basis of preparation

The Annual Report and financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.

The Annual Report and financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

The financial statements are prepared, on a going concern basis, under the historical cost convention as modified by the revaluation of freehold land and buildings and fixed asset investments.

The trustees have assessed whether the use of the going concern assumption is appropriate in preparing these financial statements. The trustees have made this assessment in respect to a period of one year from the date of approval of these financial statements and have reviewed cash flow forecasts and budgets in performing this review.

The trustees of the charity have concluded that there are no material uncertainties related to events or conditions that may cast significant doubt on the ability of the charity to continue as a going concern. The trustees are of the opinion that the charity will have sufficient resources to meet its liabilities as they fall due.

If the going concern basis were not appropriate, adjustments would have to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that may arise and to reclassify fixed assets as current assets and long term liabilities as current liabilities.

Fund accounting

Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.

Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment.

Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.

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DocuSign Envelope ID: 931C8C6A-4BA3-497B-A411-53355CBB00D4

YOGI DIVINE SOCIETY (UK)

Notes to the Annual Report and Financial Statements (continued)

Year ended 31 July 2022

3. Accounting policies (continued)

Incoming resources

All income is included in the statement of financial activities when entitlement has passed to the charity, it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income: - income from donations or grants is recognised when there is evidence of entitlement to the gift, amount is received and its amount can be measured reliably. - legacy income is recognised when receipt is probable and entitlement is established. - income from donated goods is measured at the fair value of the goods unless this is impracticle to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliabily measured. No amounts are included for the contribution of general volunteers. - income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.

Resources expended

Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:

All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Land and building - 2% Straight line basis
Plant and machinery - 20% Straight line basis
Furniture and fittings - 20% Straight line basis
Motor vehicle - 25% reducing balance
Equipment - 20% Straight line basis

Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy or note.

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DocuSign Envelope ID: 931C8C6A-4BA3-497B-A411-53355CBB00D4

YOGI DIVINE SOCIETY (UK)

Notes to the Annual Report and Financial Statements (continued)

Year ended 31 July 2022

3. Accounting policies (continued)

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cashgenerating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.

For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the charity are assigned to those units.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as an expense in the period in which it arises.

4. Donations and legacies

Unrestricted Restricted Total Funds
Funds Funds 2022
£ £ £
Donations
General Donations 56,333 – 56,333
Aarti 5,653 – 5,653
Donations - 10/20 Bhag 256,477 – 256,477
Other Income 6,102 – 6,102
Donations - Restricted – 67,675 67,675
Grants
Furlough Grant Received – – –
————————— ———————— —————————
324,565 67,675 392,240
========= ======== =========

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DocuSign Envelope ID: 931C8C6A-4BA3-497B-A411-53355CBB00D4

YOGI DIVINE SOCIETY (UK)

Notes to the Annual Report and Financial Statements (continued)

Year ended 31 July 2022

4. Donations and legacies (continued)

Unrestricted Restricted Total Funds
Funds Funds 2021
£ £ £
Donations
General Donations 612,648 – 612,648
Aarti 11,378 – 11,378
Donations - 10/20 Bhag 392,682 – 392,682
Other Income 3,118 – 3,118
Donations - Restricted – 85,541 85,541
Grants
Furlough Grant Received 1,718 – 1,718
———————————— ———————— ————————————
1,021,544 85,541 1,107,085
============ ======== ============
5. Investment income
Unrestricted Total Funds Unrestricted Total Funds
Funds 2022 Funds 2021
£ £ £ £
Bank interest 6,334 6,334 8,540 8,540
======= ======= ======= =======
6. Expenditure on charitable activities by fund type
Unrestricted Restricted Total Funds
Funds Funds 2022
£ £ £
Charitable activity 22,388 1,282 23,670
Support costs 142,986 1,220 144,206
————————— ——————— —————————
165,374 2,502 167,876
========= ======= =========
Unrestricted Restricted Total Funds
Funds Funds 2021
£ £ £
Charitable activity 75,433 45,567 120,999
Support costs 116,154 16 116,172
————————— ———————— —————————
191,587 45,583 237,171
========= ======== =========

All support cost are allocated to the charitable activities.

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DocuSign Envelope ID: 931C8C6A-4BA3-497B-A411-53355CBB00D4

YOGI DIVINE SOCIETY (UK)

Notes to the Annual Report and Financial Statements (continued)

Year ended 31 July 2022

7. Analysis of support costs

Support costs
activity Total 2022 Total 2021
£ £ £
Staff costs 14,445 14,445 14,571
Premises 36,989 36,989 20,612
Communications and IT 1,313 1,313 1,391
General office 5,160 5,160 3,192
Finance costs 2,203 2,203 1,530
Governance costs 4,316 4,316 2,012
Depreciation 77,515 77,515 72,861
Other motor and travel 2,266 2,266 –
————————— ————————— —————————
144,207 144,207 116,169
========= ========= =========
8. Net income
Net income is stated after charging/(crediting):
2022 2021
£ £
Depreciation of tangible fixed assets 77,515 72,861
======== ========
9. Auditors remuneration
2022 2021
£ £
Fees payable for the audit of the annual report and financial
statements 1,800 1,800
======= =======

10. Staff costs

The average head count of employees during the year was 1 (2021: 1).

No employee received employee benefits of more than £60,000 during the year (2021: Nil).

11. Trustee remuneration and expenses

The trustees represent the key management personnel for the charity.

None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.

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DocuSign Envelope ID: 931C8C6A-4BA3-497B-A411-53355CBB00D4

YOGI DIVINE SOCIETY (UK)

Notes to the Annual Report and Financial Statements (continued)

Year ended 31 July 2022

12. Tangible fixed assets

Land and Plant and
Fixtures and		 Motor
buildings machinery
fittings		 vehicles Equipment Total
£ £ £ £ £ £
Cost
At 1 Aug 2021 3,482,665 9,965
17,970		 20,223 62,640 3,593,463
Additions 102,248 – 12,081 – 4,006 118,335
———————————— ———————
————————		 ———————— ———————— ————————————
At 31 Jul 2022 3,584,913 9,965
30,051		 20,223 66,646 3,711,798
============ =======
========		 ======== ======== ============
Depreciation
At 1 Aug 2021 110,685 7,800
8,570		 12,930 48,626 188,611
Charge for the
year 54,359 1,993
6,011		 1,823 13,329 77,515
———————————— ———————
————————		 ———————— ———————— ————————————
At 31 Jul 2022 165,044 9,793
14,581		 14,753 61,955 266,126
============ =======
========		 ======== ======== ============
Carrying amount
At 31 Jul 2022 3,419,869 172
15,470		 5,470 4,691 3,445,672
============ =======
========		 ======== ======== ============
At 31 Jul 2021 3,371,980 2,165
9,400		 7,293 14,014 3,404,852
============ =======
========		 ======== ======== ============

All the above assets are used for the charitable purpose and held at cost less depreciation.

The freehold land and building is a functional asset, the legal proprietor being Yogi Divine Society UK Limited (Company number: 09132798), a company limited by guarantee and registered in England & Wales, which acts as a custodian trustee of the charity.

13. Debtors

2022 2021
£ £
Prepayments and accrued income 4,586 14,637
Other debtors 2,000 2,168
——————— ————————
6,586 16,805
======= ========
nvestments
2022 2021
£ £
Other investments - Gold Haar 9,845 9,845
======= =======

14. Investments

Investments represent donations received as gold jewellery decorations. The value of these items is stated at the cost at the time the donations were received.

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DocuSign Envelope ID: 931C8C6A-4BA3-497B-A411-53355CBB00D4

YOGI DIVINE SOCIETY (UK)

Notes to the Annual Report and Financial Statements (continued)

Year ended 31 July 2022

15. Creditors: amounts falling due within one year

2022 2021
£ £
Trade creditors 19,708 5,281
Accruals and deferred income 4,744 3,400
Social security and other taxes 112 110
Other creditors 8,246 1,808
———————— ————————
32,810 10,599
======== ========

16. Pensions and other post retirement benefits

Defined contribution plans

The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £239 (2021: £234).

17. Analysis of charitable funds

Unrestricted funds

Unrestricted funds
At
1 August 202 At
1 Income Expenditure Transfers31 July 2022
£ £ £ £ £
General funds 5,480,909 330,899 (165,374) – 5,646,434
============ ========= ========= ==== ============
At
1 August 202 At
0 Income Expenditure Transfers 31 July 2021
£ £ £ £ £
General funds 4,629,137 1,030,084 (191,587) 13,276 5,480,910
============ ============ ========= ======== ============
Restricted funds
At
1 August 202 At
1 Income Expenditure Transfers31 July 2022
£ £ £ £ £
Restricted fund - Kitchen
fund 7,424 – – – 7,424
Restricted fund - Hari
nagar fund 4,458 421 – – 4,879
Restricted fund -
Camera fund 1,954 – – – 1,954
Restricted fund - East
london sabha fund 4,294 – – – 4,294
Restricted fund - Benos
fund account 651 1,339 (592) – 1,398
Restricted fund - Bhulku
fund – – – – –
Restricted fund - Bhajan
mandal fund 556 – – – 556

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DocuSign Envelope ID: 931C8C6A-4BA3-497B-A411-53355CBB00D4

YOGI DIVINE SOCIETY (UK)

Notes to the Annual Report and Financial Statements (continued)

Year ended 31 July 2022

17. Analysis of charitable funds (continued)

Analysis of charitable fu nds(continued)
Restricted fund - Kids
drama fund 157 – – – 157
Restricted fund -
Training fund – – – – –
Restricted fund - South
london fund 9,468 3,133 (1,910) – 10,691
Restricted fund -
Midland fund – – – – –
Restricted fund - Santo
ticket fund 7,481 – – – 7,481
Restricted fund -
Cleaning fund/Covid 30,615 – – – 30,615
Restricted fund - Ode
mandir
seva/AYS2021/Haridha
m thal 13,007 – – – 13,007
Restricted fund -
Aatmiya smruti mandir – 14,651 – – 14,651
Restricted fund -
Leicester mandir – 48,131 – – 48,131
———————— ———————— ——————— ———— —————————
80,065 67,675 (2,502) – 145,238
======== ======== ======= ==== =========
At
1 August 202 At
0 Income Expenditure Transfers 31 July 2021
£ £ £ £ £
Restricted fund - Kitchen
fund 7,299 125 – – 7,424
Restricted fund - Hari
nagar fund 3,484 974 – – 4,458
Restricted fund -
Camera fund 1,704 1,250 – (1,000) 1,954
Restricted fund - East
london sabha fund 3,893 401 – – 4,294
Restricted fund - Benos
fund account 1,478 23,702 (21,014) (3,515) 651
Restricted fund - Bhulku
fund 51 – – (51) –

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DocuSign Envelope ID: 931C8C6A-4BA3-497B-A411-53355CBB00D4

YOGI DIVINE SOCIETY (UK)

Notes to the Annual Report and Financial Statements (continued)

Year ended 31 July 2022

17. Analysis of charitable funds (continued)

Analysis of charitable fund s(continued)
Restricted fund - Bhajan
mandal fund 556 – – – 556
Restricted fund - Kids
drama fund 106 – – 51 157
Restricted fund -
Training fund 1,616 – – (1,616) –
Restricted fund - South
london fund 2,997 6,833 (362) – 9,468
Restricted fund -
Midland fund 50 – – (50) –
Restricted fund - Santo
ticket fund 7,481 – – – 7,481
Restricted fund -
Cleaning fund/Covid 930 30,615 – (930) 30,615
Restricted fund - Ode
mandir
seva/AYS2021/Haridha
m thal 21,738 21,641 (24,207) (6,165) 13,007
Restricted fund -
Aatmiya smruti mandir – – – – –
Restricted fund -
Leicester mandir – – – – –
———————— ———————— ———————— ———————— ————————
53,383 85,541 (45,583) (13,276) 80,065
======== ======== ======== ======== ========

18. Analysis of changes in net debt

At
At 1 Aug 2021 Cash flows 31 Jul 2022
£ £ £
Cash at bank and in hand 2,140,071 222,308 2,362,379
Current asset investments 9,845 – 9,845
———————————— ————————— ————————————
2,149,916 222,308 2,372,224
============ ========= ============

19. Related parties

Yogi Divine Society UK Limited is a trustee of the charity and legal owner of the property and acts as custodian of the charity.

During the year various trustees and their family member made donations to the charity totaling £19,848 (2021: £39,775).

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DocuSign Envelope ID: 931C8C6A-4BA3-497B-A411-53355CBB00D4

YOGI DIVINE SOCIETY (UK)

Management Information

Year ended 31 July 2022

The following pages do not form part of the annual report and financial statements.

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DocuSign Envelope ID: 931C8C6A-4BA3-497B-A411-53355CBB00D4

YOGI DIVINE SOCIETY (UK)

Detailed Statement of Financial Activities

Year ended 31 July 2022

2022 2021
£ £
Income and endowments
Donations and legacies
General Donations 56,333 612,648
Aarti 5,653 11,378
Donations - 10/20 Bhag 256,477 392,682
Other Income 6,102 3,118
Donations - Restricted 67,675 85,541
Furlough Grant Received – 1,718
————————— ————————————
392,240 1,107,085
————————— ————————————
Investment income
Bank interest 6,334 8,540
——————— ———————
————————— ————————————
Total income 398,574 1,115,625
========= ============
Expenditure
Expenditure on charitable activities
Wages and salaries 14,206 14,556
Employer's NIC – (219)
Pension costs 239 234
Rent 2,278 –
Rates and water 226 115
Light and heat 18,903 13,983
Repairs and maintenance 5,825 2,452
Insurance 9,757 4,177
Other establishment 9,293 1,625
Other motor/travel costs 2,266 –
Legal and professional fees 4,316 2,011
Telephone 1,313 1,391
Other office costs 3,561 1,811
Depreciation 77,515 72,861
Local project 186 380
Fund raising expense – 291
Donations – 114,585
Kitchen and accommodation 14,377 4,097
Bank Charges 2,203 1,530
Subscription 1,412 1,291
————————— ————————————
167,876 237,171
————————— ————————————
————————— —————————
Total expenditure 167,876 237,171
========= =========
————————— —————————
Net income 230,698 878,454
========= =========

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DocuSign Envelope ID: 931C8C6A-4BA3-497B-A411-53355CBB00D4

YOGI DIVINE SOCIETY (UK)

Notes to the Detailed Statement of Financial Activities

Year ended 31 July 2022

Year ended 31 July 2022
2022 2021
£ £
Expenditure on charitable activities
Charitable activity
Activities undertaken directly
Direct charitable activity 1 - rates & water – 115
Direct charitable activity - Function expenses 9,293 1,625
Direct charitable activity - Local project – 286
Direct charitable activity - Fund raising expense – 291
Direct charitable activity - Donations – 114,585
Direct charitable activity - Kitchen Expenses 14,377 4,097
———————— —————————
23,670 120,999
———————— —————————
Activity type 28
Support costs
Support charitable activity - wages/salaries 14,206 14,556
Support charitable activity - employer's NIC – (219)
Support charitable activity - pension costs 239 234
Support charitable activity - rent 2,278 –
Support charitable activity - rates 226 –
Support charitable activity - light & heat 18,903 13,983
Support charitable activity - repairs & maintenance 5,825 2,452
Support charitable activity - insurance 9,757 4,177
Support charitable activity - other motor/travel costs 2,266 –
Support charitable activity - telephone 1,313 1,391
Support charitable activity - printing, postage and stationery 3,561 1,811
Support charitable activity - depreciation 77,515 72,861
Support charitable activity - cleaning 186 94
Support charitable activity - bank charges 2,203 1,530
Support charitable activity - Subscription 1,412 1,291
————————— —————————
139,890 114,161
————————— —————————
Governance costs
Governance costs - audit remuneration 1,800 1,800
Governance costs - legal and other professional fees 2,516 211
——————— ———————
4,316 2,011
——————— ———————
————————— —————————
Expenditure on charitable activities 167,876 237,171
========= =========

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