| Pages | |||
|---|---|---|---|
| Trustees' | Annual Report |
1to 3 | |
| Independent Auditor's |
Report to thc Members | 4 to 7 | |
| Statement | ofFinancial | Activities | |
| Statement | ofFinancial | Position | |
| Statement | ofCash Flows | 10 | |
| Notes to | thc Financial | Statements | 11to 15 |
| Registered | charity | name | Gumnanak Charitable |
Gumnanak Charitable |
Trust | |
|---|---|---|---|---|---|---|
| Charity registration | number | 1017903 | ||||
| Principal | office | 12 Sherborne | Street | |||
| Manchester | ||||||
| Ml IFE | ||||||
| The Trustees | ||||||
| Mr ISKohli | ||||||
| Mr N SKohli | ||||||
| Mr BSingh | ||||||
| Auditor | Beever and Stmthers | |||||
| Chartered accountants |
&statutory | auditor | ||||
| One Express | ||||||
| I George Leigh Street | ||||||
| Manchester | ||||||
| M4 5DL | ||||||
| Bankers | Bank ofScotland | |||||
| 300Lawnmarket | ||||||
| Edinburgh | ||||||
| Scotland | ||||||
| EH1 2PH |
| 2023 | 2023 | 2022 | |||||||
|---|---|---|---|---|---|---|---|---|---|
| Unrestricted | |||||||||
| funds | Total funds | Total funds | |||||||
| Note | |||||||||
| Income and | endowments | ||||||||
| Donations and |
legacies | 4 | 1,044,200 | 1,044,200 | 982,666 | ||||
| Total income | 1,044,200 | 1,044,200 | 9B2,666 | ||||||
| Expenditure | |||||||||
| Expenditure | on | charitable | activities | 5,6 | 930,923 | 930,923 | 533,269 | ||
| Total expenditure | 930,923 | 930,923 | 533,269 | ||||||
| Net income | and net | movement | in funds | 113,277 | 113,277 | 449,397 | |||
| Reconciliation | offunds | ||||||||
| Total funds | brought | forward | 661,670 | 661,670 | 212,273 | ||||
| Total funds | carried | forward | 774,947 | 774,947 | 661,670 |
| 2023 | 2022 | |||||
|---|---|---|---|---|---|---|
| Note | g | t | ||||
| Current assets |
||||||
| Cash at bank and in | hand | 782,447 | 665,870 | |||
| Creditors: amounts | falling due within | |||||
| one year | 12 | 7,500 | 4,200 | |||
| Net current assets | 774,947 | 661,670 | ||||
| Total assets less current liabilities | 774,947 | 661,670 | ||||
| Net assets | 774,947 | 661,670 | ||||
| Funds ofthe charity | ||||||
| Unrestricted funds |
774,947 | 661,670 | ||||
| Total charity funds | 13 | 774,947 | 661,670 |
| 2023 | 2022 | |||
|---|---|---|---|---|
| Cash flows t'rom operaiing | activities | |||
| Net income | 113,277 | 449,397 | ||
| Adjustments for: | ||||
| Accrued expenses | 3,300 | |||
| Cash generated from operations |
116,577 | 449,397 | ||
| Net cash from operating activities |
116,577 | 449,397 | ||
| Net increase in cash and cash equivalents | 116,577 | 449,397 | ||
| Cash and cash equivalents | at beginning | ofyear | 665,870 | 216,473 |
| Cash and cash equivalents | at end ofyear | 782,447 | 665,870 |
| Um.estricted | Total Funds | Unrestricted | Total Funds | |
|---|---|---|---|---|
| Funds | 2023 | Funds | 2022 | |
| Donations | ||||
| Donations | 1,044,200 | 1,044,200 | 982,666 | 982,666 |
| Expenditur | e on Cha |
ritable Activities |
by Fund Type | |||
|---|---|---|---|---|---|---|
| Unrestricted | Total Funds | Unrestricted | Total Funds | |||
| Funds | 2023 | Funds | 2022 | |||
| Donations | and expenses incurred | |||||
| supporting | charitable | causes | 923,423 | 923,423 | 529,069 | 529,069 |
| Supportcosts | 7,500 | 7,500 | 4,200 | 4,200 | ||
| 930,923 | 930,923 | 533,269 | 533,269 |
| 6. | Expenditur | e on Charitabl |
e Act |
ivities b | y Activity Type | |||
|---|---|---|---|---|---|---|---|---|
| Activities | ||||||||
| undertaken | Total funds | Total fund | ||||||
| directly | Support costs | 2023 | 2022 | |||||
| Donations | and expenses incurred | |||||||
| supporting | charitable causes |
923,423 | 923,423 | 529,069 | ||||
| Governance | costs | 7,500 | 7,500 | 4,200 | ||||
| 923,423 | 7,500 | 930,923 | 533,269 | |||||
| 7. | Auditors Remuneration |
|||||||
| 2023 | 2022 | |||||||
| Fees payable for the audit | ofthe | financial | statements | 4,500 | ||||
| 8. | Independent Examination |
Fees | ||||||
| 2023 | 2022 | |||||||
| Fees payable to the independent | examiner | for: | ||||||
| Independent | examination | ofthe | financial | statements | 1,800 | |||
| Other financial services |
3,000 | 2,400 | ||||||
| 3,000 | 4,200 |
| Motor | ||
|---|---|---|
| vehicles | ||
| Cost | ||
| At 6 April | 2022 | 7,694 |
| Disposals | (7,694) | |
| At 5 April | 2023 | |
| Depreciation | ||
| At 6 April | 2022 | 7,694 |
| Disposals | (7,694) | |
| At 5 April | 2023 | |
| Carrying | amount | |
| At 5 April | 2023 | |
| At 5 April | 2022 |
| 12. | Creditors: amounts | falling due within | one year | ||
|---|---|---|---|---|---|
| 2023 | 2022 | ||||
| Accruals and deferred | income | 7,500 | 4,200 |
| 13. | Analysis ofC | Analysis ofC | harita | ble Funds |
|||||
|---|---|---|---|---|---|---|---|---|---|
| Unrestricted | funds | ||||||||
| At | At | ||||||||
| 6 April 2022 | Income | Expenditure | 5 April 2023 | ||||||
| General | funds | 661,670 | 1,044,200 | (930,923) | 774,947 | ||||
| At | At | ||||||||
| 6 April 2021 | Income | Expenditure | 5 April 2022 | ||||||
| E | |||||||||
| General | funds | 212,273 | 982,666 | (533,269) | 661,670 | ||||
| 14. | Analysis | ofNet Assets Between Funds | |||||||
| Unrestricted | Total Funds | ||||||||
| Funds | 2023 | ||||||||
| Current Creditors |
assets less |
than | I | year | 774,947 (7,500) |
774,947 (7,500) |
|||
| Net assets | 767,447 | 767,447 | |||||||
| Unrestricted | Total Funds | ||||||||
| Funds | 2022 | ||||||||
| 8 | |||||||||
| Current assets | 665,870 | 665,870 | |||||||
| Creditors | less | than | I | year | (4,200) | (4,200) | |||
| Net assets | 661,670 | 661,670 | |||||||
| 15. | Analysis | ofChanges | in Net Debt | ||||||
| At 6Apr 2022 | Cash flows | At 5Apr 2023 | |||||||
| Cash at bank and in | hand | 665,870 | 116,577 | 782,447 |