| CONTENTS | Page | ||
|---|---|---|---|
| Charity Reference and | Administmtive | Details | |
| Trustees' Annual Report |
|||
| Independent Auditor's |
Report | ||
| Statement ofFinancial | Activities | ||
| Statement ofFinancial | Position | 12 | |
| Statement ofCashflow | 13 | ||
| Notes to Financial Statements |
14 |
NANAKSAR THATH ISHER DARBAR TRUST Independent Auditorfs Report to the Trustees of Nanaksar Thath Isher Darbar Trust l¢ontinue due to the relatively simple business Tnodel and low number oftransaciions within the Charity there are comparatively fth unexpected tluctU81ions in the rqK>rted results and balances 2nd an). such unexpe¢ted items M'ould be specifjcallv enquired into by u5- and the]Y are a number of individuals which comprise 'knanagement" and therefore there 15 no single individual who is likely to be able to override controls to effett a fraud. We design our audit procedures to respond to identifiA audit risks. including nOn-mplIance 1th laws and re8ulations lirregulaTitiesl that are material w the fInancal statements. Some of th¢ specific procedures performed to detect irregularities, including fraud, are dethiled below.. the review of control accounts andjournal entres for large or unusual activities. the 8nalytical reviem. of the ststement of financial activities for variances that are either unexrttted or considered not to be in accordance Mith our urtdersthndin8 of the charitable activities during the year: obtaining revieming for completeness a list of entries and per50ns considered to be related parties 1&8 defined by Financial ReFM)rting Standard 102) ond reviewing the ledgers of the Charity for previouslv unreported related paty transactions,. revi of transaction5 and journa15 for any indication of fraud or management override. and review of Trustee mtttlng minutes for unre¢ord¢d transactions. Because of the inherent limitations of an audiL there 15 a risk that we rtot d¢tr¢t all irre8ularitie& including those leading to a material missratemeni in the financial statements or non-¢OTnplian¢e with gUlatI¢m. This risk increases the more that a)mpliance with a law or regulation is removed from the events and transaction5 reflected in the fjnancial 5tatement& a5 we 111 be less likely io become aware of instances of non-complianee. The risk is also greater regarding iTregulaTities occurring due fraud rather than errtsr, as fraud involves intentional concealmenL forgery, collllsion, omisston or misrepresentation. A further de5CriPtion of our resnsibilItieS availthle on the FRC'S website at.. https'.IIMwv.fr¢.org.uLlauditotslaudit-assurance/auditor-s-resFonsibilitie5.for-the4udit-of-the-fildescription-of- the-aUditoE2o108o%99S-r¢sponsibIj1IIe5.f0r. Thi5 description fortns part of our audiior's report. Use ofReport This report is made solely to the ChaTity""s Trustees. as a IK)dy. in aCrd8ce Part 4 of the ChaTÈties (Acwunts and Reponsl Re8u]ation5 2008. Our aud2t H'ork has been undertakert $0 that we might State to the Charity's TNstees those matter5 we are ruIred to Mate w them in an audiior"s report and for no other PUTPOSe. To the fullesi extent perrnitted by law. w'e do rtot accept or SuM¢ resFM)n5ibilitv to anyone other than the Charit! and the Charity s Tnjstres as a body. for our audit work, for this repo]L or for the opinions we have fornied. RSA Assoeiatss Accountants and Statutory Auditors First Floor JO Merrick Road Southall UB2 4AU Date.. 24th January 202J RSA Associates is eligible to act a$ 2n auditor in ternis of section 1212 of the Companies Act 2006. Page 10
| 31 MARCH | 2022 | ||||
|---|---|---|---|---|---|
| 2022 | 2021 | ||||
| Note | f. | ||||
| FIXEDASSETS | |||||
| Tangible assets | 13 | 4/54~ | 4448464 | ||
| CURRENT ASSETS | |||||
| Debtors | 14 | 62,686 | 3462,421 | ||
| Cash at bank and in hand | 55W2 | 16,411 | |||
| 118~8 | 3478~2 | ||||
| CREDITORS: Amounts | falling due within one | ||||
| year | 15 | (400,437) | (1,094418) | ||
| NET CURRENT ASSETS/(LIABILITIES) | (281W9) | 2484,614 | |||
| TOTAL ASSETSLESS | CURRENT LIABILITIES | 4,072,735 | 6,633,478 | ||
| CREDITORS: Amounts | falling due after more | ||||
| than one year | 16 | (1,456470) | (3,700410) | ||
| NET ASSETS | 2,616465 | 2,932'67 | |||
| FUNDS | |||||
| Restricted funds | 17 | ||||
| Unrestricted income funds |
18 | 2,616365 | 2tt32967 | ||
| TOTAL FUNDS | 2,616465 | 2/32/67 |
| 2022 | 2021 | |||
|---|---|---|---|---|
| f. | ||||
| Cash flows from operating | activities | |||
| Net income | (316,602) | 1,152,679 | ||
| (316,602) | 1,152,679 | |||
| Adjustment for: Depreciation oftangible fixed assets |
10,680 | 6~0 | ||
| Dividends, interest and rents |
&om investments | 7,720 | 201408 | |
| Changes in: | ||||
| Trade and other debtors | 3499,735 | (1„6140,727) | ||
| Trade and other creditors | (2,937,922) | 705,784 | ||
| Cash generated from operations |
63,611 | 125,623 | ||
| Net cash from operating activities |
63,611 | 125623 | ||
| Cash flows from investing | activities | |||
| Dividends, interest aud rents |
&om investments | (7,720) | (201408) | |
| Purchase offixed Assets | (16,400) | (2,604) | ||
| Proceeds &om sale oftangible fixed assets |
||||
| Net cash used in investing | activities | (24,120) | (203,912) | |
| Net Increase/(Decrease) in |
cash and cash | 39,491 | (78488) | |
| equivalents | ||||
| Cash and cash equivalents | at beginning | of | 16,411 | 94,699 |
| year | ||||
| Cash and cash equivalents | at end ofyear | 55J02 | 16,411 |
| Unrestricted | Restricted | Total Funds | Total Funds | |
|---|---|---|---|---|
| Funds | Funds | 2022 | 2021 | |
| 4 | 4 | 0 | ||
| Donations | 3424,811 | 3424,811 | 1,049,159 | |
| Grant Income | 19,400 | 19,400 | 31,067 | |
| Gift Aid | 78,194 | 78,194 | 208,171 | |
| 3422,405 | 3@224t8 | 1PN4397 |
| Unrestricted | Total | Funds | Total | Funds |
|---|---|---|---|---|
| Funds | 2022 | 2021 | ||
| f. |
| Unrestricted | Restricted | Total | Funds | Total Funds | ||
|---|---|---|---|---|---|---|
| Funds | Funds | 2022 | 2021 | |||
| f | f | f. | ||||
| Rental | Income | 18,750 | 18,750 | 10/00 | ||
| 18,750 | 18750 | 10400 |
| OLD AND O | THER | COSTS | ||
|---|---|---|---|---|
| Unrestricted | Total | Funds | Total | Funds |
| Funds | 2022 | 2021 | ||
| f | f, |
| Unrestricted | Total Funds | Total Funds | |||
|---|---|---|---|---|---|
| Funds | 2022 | 2021 | |||
| f | f. | ||||
| Support | Costs | 264,643 | 264,643 | (35,484) | |
| Overseas | Donations | Paid | 3444409 | 3444409 | |
| 3,609,152 | 3,609,152 | (35,484) |
| ALLOCATION OF SUPPO | RT COSTS | |||
|---|---|---|---|---|
| Unrestricted | Total Funds | Total Funds | ||
| Funds | 2022 | 2021 | ||
| Salaries and wages (including | social security costs) | 66,473 | 66,473 | 32,046 |
| Premises costs | 179v857 | 179dI57 | 127,057 | |
| Bank Charges and Loan Interest | 8,487 | 8,487 | (194,769) | |
| Depreciation | 10,680 | 10,680 | 6,580 | |
| Sundry | (854) | (854) | (6,398) | |
| 264,643 | 264,643 | (35,484) |
| Unrestricted | Total Funds | Total Funds | ||
|---|---|---|---|---|
| Funds | 2022 | 2021 | ||
| f | ||||
| Accountancy | fees &Non Audit Services | 21dI00 | 21dI00 | 14,430 |
| Audit fees | 4400 | 4400 | 4+00 | |
| Legal &Professional | 22,605 | 22,605 | 162,771 | |
| 48,605 | 48,605 | 181,401 |
| 2022 | 2021 | |||
|---|---|---|---|---|
| Depreciation | 10,680 | 6,580 | ||
| Auditors' | remuneration: | |||
| —audit | ofthe financial | statements | 4400 | 4,200 |
| Total staff | costs wer | e as follows: | ||||
|---|---|---|---|---|---|---|
| 2022 | 2021 | |||||
| Wages and | salaries | 63,498 | 30491 | |||
| Social security costs | 2,976 | 1,655 | ||||
| 66,473 | 32,046 | |||||
| Particulars | ofemployees: | |||||
| The average | monthly | number ofemployees | during | the year, calculated | on the basis offull-time | |
| equivalents, | was as follows: |
| the basis | offull-time |
|---|---|
| 2022 | 2021 |
| 7 | 4 |
| TANGIBLE FIXEDA | SSETS | |||
|---|---|---|---|---|
| Freehold | Fixtures & | |||
| property f |
Equipment | Fittings | Total f |
|
| COST | ||||
| At 1 April 2021 | 4437,818 | 158,194 | 301,675 | 4,797,687 |
| Additions | 16,400 | 16,400 | ||
| Disposal | ||||
| At 31March 2022 | 4437,818 | 174494 | 301,675 | 4,814,087 |
| DEPRECIATION | ||||
| At 1 April 2021 | 148,645 | 300,177 | 448W3 | |
| Charge for the year | 9,481 | 1,198 | 10,679 | |
| At 31March 2022 | 158,126 | 301475 | 459~2 | |
| NET BOOK VALUE | ||||
| At 31March 2022 | 4+37,818 | 16,468 | 300 | 4/54+84 |
| At l April 2021 | 4,337,818 | 9,548 | 1,498 | 4,348,864 |
| 14. | DEBTORS | |||
|---|---|---|---|---|
| 2022 | 2021 | |||
| Amounts owed by related |
parties (Note 20) | 3,344,509 | ||
| Other debtors | 62,686 | 17,912 | ||
| 62,686 | 3,362,421 | |||
| 15. | CREDITORS: Amounts | falling due within one year | ||
| 2022 | 2021 | |||
| f | f. | |||
| Bank loans and overdraiis | 253,901 | |||
| DFE Loan | 11/80 | 36,000 | ||
| Taxation and social security | ||||
| Other creditors | 363446 | 774,486 | ||
| Accruals | 25,111 | 29,831 | ||
| 400,437 | 1,094,218 |
| CREDITORS: Amounts falling due after m |
ore than one ye | ar | |
|---|---|---|---|
| 2022 | 2021 | ||
| f, | |||
| DFELoan | 248,088 | 224,068 | |
| Amounts owed to related parties (Note 20) |
761,063 | 3,371,306 | |
| Loans From Trustees (Note 20) | 447418 | 105,136 | |
| 1,456470 | 3,700,510 | ||
| RESTRICTED INCOME FUNDS | |||
| Balance at | Movement in |
Balance at | |
| 1 Apr 2021 | the year | 31Mar 2022 | |
| Restricted Funds | |||
| UNRESTRICTED INCOME FUNDS | |||
| Balance at | Incoming | Balance at | |
| 1Apr 2021 | rcsourccs | 31Mar 2022 | |
| General Funds | 2,932,967 | (316,602) | 2,616465 |
| Unrestricted | funds: | 2,616/65 | |||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total Funds | Total Funds | ||
| Funds | Funds | 2022 | 2021 | ||
| Tangible Assets | 4/54,584 | 4454484 | 4+48,864 | ||
| Current Assets | 118,588 | 118488 | 3+78,832 | ||
| Creditors: Amounts | falling due | ||||
| within one year | (400,437) | (400,437) | (1,094418) | ||
| Creditors: More than one year | (1,456470) | (1,456470) | (3,700410) | ||
| 2,616465 | 2,616865 | 2,932„st67 |