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|CONTENTS|||Page|
|---|---|---|---|
|Charity Reference and|Administmtive|Details||
|Trustees'<br>Annual<br>Report||||
|Independent<br>Auditor's|Report|||
|Statement ofFinancial|Activities|||
|Statement ofFinancial|Position||12|
|Statement ofCashflow|||13|
|Notes to Financial<br>Statements|||14|





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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 identifi￿A audit risks. including nOn-￿mplIance ￿1th laws and
re8ulations lirregulaTitiesl that are material w the fInanc￿al 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
res￿nsibilItieS
availthle
on
the FRC'S website
at..
https'.IIMwv.fr¢.org.uLlauditotslaudit-assurance/auditor-s-resFonsibilitie5.for-the4udit-of-the-fildescription-of-
the-aUdito￿E2o108o%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 aC￿rd8￿ce Part 4 of the ChaTÈties
(Acwunts and Reponsl Re8u]ation5 2008. Our aud2t H'ork has been undertakert $0 that we might State to the
Charity's TNstees those matter5 we are r￿uIred to Mate w them in an audiior"s report and for no other PUTPOSe.
To the fullesi extent perrnitted by law. w'e do rtot accept or ￿SuM¢ resFM)n5ibilitv to anyone other than the
Charit! and the Charity s Tnjstres as a body. for our audit work, for this repo]L or for the opinions we have
fornied.
RSA Assoeiatss
Accountants and Statutory Auditors
First Floor JO Merrick Road
Southall
UB2 4AU
Date.. 24th January 202J
RSA Associates is eligible to act a$ 2n auditor in ternis of section 1212 of the Companies Act 2006.
Page 10

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||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<br>income funds||18||2,616365|2tt32967|
|TOTAL FUNDS||||2,616465|2/32/67|





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||||2022|2021|
|---|---|---|---|---|
||||f.||
|Cash flows from operating|activities||||
|Net income|||(316,602)|1,152,679|
||||(316,602)|1,152,679|
|Adjustment<br>for:<br>Depreciation oftangible<br>fixed assets|||10,680|6~0|
|Dividends,<br>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<br>from operations|||63,611|125,623|
|Net cash from operating<br>activities|||63,611|125623|
|Cash flows from investing|activities||||
|Dividends,<br>interest aud rents|&om investments||(7,720)|(201408)|
|Purchase offixed Assets|||(16,400)|(2,604)|
|Proceeds &om sale oftangible<br>fixed assets|||||
|Net cash used in investing|activities||(24,120)|(203,912)|
|Net Increase/(Decrease)<br>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|





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||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|



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|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|





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|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)|



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|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)|



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|||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|





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||||2022|2021|
|---|---|---|---|---|
|Depreciation|||10,680|6,580|
|Auditors'|remuneration:||||
|—audit|ofthe financial|statements|4400|4,200|



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|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|



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|TANGIBLE FIXEDA|SSETS||||
|---|---|---|---|---|
||Freehold||Fixtures &||
||property<br>f|Equipment|Fittings|Total<br>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|



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|14.|DEBTORS||||
|---|---|---|---|---|
||||2022|2021|
||Amounts<br>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|





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|CREDITORS: Amounts<br>falling due after m|ore than one ye|ar||
|---|---|---|---|
|||2022|2021|
||||f,|
|DFELoan||248,088|224,068|
|Amounts<br>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<br>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|



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|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|





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