THE SHREE SWAMINARAYAN TEMPLE
Advancement and propagation of the faith of Swaminarayan among its members and others to allow all generations to experience the soul, spirit and essence of the religion and culture via the provision of the Temple as a place of worship for all its members.The Trust runs a school in the Temple at the weekend and also provides overseas aid to various institutions who require monetary assistance.
Financial health, per its FY2024 accounts
The accounts state that the charity is in a strong financial position and able to meet all foreseeable charitable obligations, with total net assets increasing to £19,221,913. The charity holds unrestricted reserves of £15,976,991, which the trustees note are largely represented by investment in the Temple. The trustees' report indicates that the work is reliant on voluntary effort but continues to prosper through donations and rental income.
What the accounts disclose
“The Trust's policy is to build up its reserves in order to generate income and acquire further properties in which to provide facilities for religious meetings and education.”
Structured financials (annual return, FY ending 31/12/2024)
Trustees
- KURJI DEVRAJ PATELchair
- Avnish Patel
- DEVJI BHIMJI KHETANI
- LALJI HARJI VIRJI
- Parbat Khimji Hirani
- Ravilal Hirji Kara
- Suresh Mavji Jesani
- Umang Bhimji Karsan Jeshani
- Vishram Hira Bhudia
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £1.7m | £1.0m |
| 31/12/2023 | £1.8m | £584k |
| 31/12/2022 | £2.4m | £561k |
| 31/12/2021 | £1.7m | £520k |
| 31/12/2020 | £954k | £305k |
Common questions
Is THE SHREE SWAMINARAYAN TEMPLE financially healthy?
Per its FY2024 accounts: The accounts state that the charity is in a strong financial position and able to meet all foreseeable charitable obligations, with total net assets increasing to £19,221,913. The charity holds unrestricted reserves of £15,976,991, which the trustees note are largely represented by investment in the Temple. The trustees' report indicates that the work is reliant on voluntary effort but continues to prosper through donations and rental income. Its FY2024 accounts were audited by Goldwins Chartered Accountants.
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Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| THE SHREE SWAMINARAYAN TEMPLE | £1.7m | — | 0 | unclear | — | no doubt |
| SHREE KUTCH SATSANG SWAMINARAYAN TEMPLE - SOUTH EAST LONDON | £387k | — | 0 | above | — | no doubt |
| SHREE KUTCH SATSANG SWAMINARAYAN TEMPLE (EAST LONDON) | £416k | — | 0 | above | — | no doubt |
| SWAMINARAYAN GURUKUL RAJKOT | £134k | — | 0 | above | — | no doubt |
| SHREE SWAMINARAYAN SATSANG (S.S.S) | £1.1m | — | 0 | unclear | — | no doubt |
| SWAMINARAYAN MANDIR VASNA SANSTHA | £1.1m | — | 0 | above | — | no doubt |