| Contents | Page | ||
|---|---|---|---|
| Report ofthe | Trustees | 3-17 | |
| Independent | Auditor's | Report | 18-21 |
| Statement of | Financial | Activities | 22 |
| Statement of | Financial | Position | 23 |
| Notes forming | part of | the Financial Statements | 24-30 |
| REFERENCE | AND ADMINISTRATIVE DETAILS |
AND ADMINISTRATIVE DETAILS |
AND ADMINISTRATIVE DETAILS |
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|---|---|---|---|---|---|---|
| FOR THE CHARITY, | ITS | TRUSTEES AND ADVISERS | ||||
| Charity Registration | Number —1041548 | |||||
| Charity Address- | 1*'Floor, 30Merrick Road, Southall | Middlesex, | UB24AU | |||
| Trustee- | Baba Iqbal singh Kingra (Deceased |
on 29January 2022) | ||||
| Dr. Baba Davinder Singh |
Ji | |||||
| Giani Gurdev Singh (Deceased on | 5 July 2021) | |||||
| S.Harkishan Singh |
||||||
| S.Rajinderpal singh Rai |
||||||
| S.Ranbir Singh Attwal | ||||||
| Registered | Office- | 1"Floor, 30Merrick Road, Southall | Middlesex, | UB2 4AU | ||
| Bankers- | Barclays, 210High Street, | Hounslow | TW3 1DL | |||
| Independent | Auditor- | Rawlinson &Hunter Audit |
LLP, 8'" Floor, 6 New | Street Square, New Fetter Lane, | ||
| London, EC4A 3AQ |
THE KALGIDHAR TRUST Independent Auditorfs Report to the Trustees of The Kalgidhar Trust (Continued) Auditorfs responsibilities for the audit of the financial statements We have been appointed as auditor under section 145 of the Charitie5 Act 2011 and report in accordance with regulations made under section 154 of that Act. 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 auditorfs 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 ISA5 IUKI 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 aEgregate, they could reasonably be expected to influence the economic decision5 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 assessment of the susceptibility of the Charitys financial statements to material misstatement, including how fraud might occur, is considered to be low. This conclusion wa5 reached after the consideration of the following- due to the relatively simple business model and low number of transactions within the Charity there are comparatively few unexperted fluctuation5 in the reported results and balances and any such unexpetted items would be specifically enquired into by us: and there a a number of individuals which comprise °management" and therefore there is no single individual who is likely to be able to override controls to effect a fraud. We designed our audit procedures to respond to identified audit risks, includin8 non-compliance with laws and regulations lirregularitiesl that are material to the financial statements. Some of the specific procedures performed to detect irregularities, including fraud. are detailed below.. the review of control accounts and journal entries for large or unusual activities,. the analytical review of the statement of financial activities for variances that are either unexpected or considered not to be in accordance with our understanding of the charitable activities durinB the year- obtaining and reviewing for completeness a list of entries and persons considered to be related parties las defined by Financial Reporting Standard 1021 and reviewin8 the ledgers of the Charity for previous unreported related party transactions- review of transactions and journals for any indication of fraud or management override,. and review of Trustee meeting minutes for unrecorded transactions. Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurrin8 due to fraud rather than error, as fraud involves intentional concealment, forgery. collusion, omission or misrepresentation. further description of responslbilltles Is available the FRC'S webslte https'.//www.frc.org.uklauditors/audit-assurancelau(litor-s-responsibilities-for-the-audit-of-the-fildescriptlon-of- the-auditor%E2%80Y¢99s-responsibilities-for.This description forms part of our auditorfs report. our on at: 20
| Notes | Restricted | Unrestricted | Total | Restricted | Unrestricted | Total | ||
|---|---|---|---|---|---|---|---|---|
| Funds | Funds | 2021 | Funds | Funds | 2020 | |||
| E'000 | E'000 | f'000 | E'000 | E'000 | E'000 | |||
| Incoming Resources | ||||||||
| Incoming resources |
||||||||
| from generated | funds: | |||||||
| Donations and |
gifts | 2,3 | 593 | 160 | 753 | 502 | 180 | 682 |
| Gift Aid | 37 | 37 | 27 | 27 | ||||
| Total incoming | ||||||||
| resources | 23 | 593 | 197 | 790 | 502 | 207 | 709 | |
| Resources Expended | ||||||||
| Cost ofgenerating | ||||||||
| funds: | ||||||||
| Charitable activities |
585 | 118 | 703 | 512 | 138 | 650 | ||
| Governance gtSupport |
||||||||
| costs | 97 | 97 | ||||||
| Total resources | ||||||||
| expended | 2,4 | 585 | 215 | 800 | 512 | 249 | 761 | |
| Net movement | in | |||||||
| funds | (18) | (10) | (10) | (42) | (52) | |||
| Fund balances | brought | forward | ||||||
| at 1August 2020 | 13 | 16 | 13 | 55 | 68 | |||
| Fund balances | carried | forward | ||||||
| at 31July 2021 | (5) | 6 | 13 | 16 |
| Notes | ||||||
|---|---|---|---|---|---|---|
| 2021 | 2020 | |||||
| 6'000 | 6'000 | |||||
| Current Assets | ||||||
| Other debtors | ||||||
| Cash at bank | and in | hand | 13 | 28 | 19 | |
| 28 | 25 | |||||
| Creditors: amount year |
falling due within one | 8 | ~22I | (9) | ||
| Net current | assets | 16 | ||||
| Total assets | less current liabilities | 16 | ||||
| Net Assets | 16 | |||||
| Funds: | ||||||
| Restricted funds | ||||||
| Unrestricted | funds | (5) | 13 | |||
| Total Funds | 7,8 | 16 |
| 3 Income | ||||
|---|---|---|---|---|
| 2021 | 2020 | |||
| f'000 | E'000 | |||
| Donations and gifts from individuals |
753 | 682 | ||
| Gift Aid | 37 | 27 | ||
| 790 | 709 | |||
| 4 Total resources expended | ||||
| Direct | ||||
| Costs | Total | Total | ||
| 2021 | 2021 | 2020 | ||
| f'000 | E'000 | E'000 | ||
| Legal g professional | charges | 4 | 4 | 5 |
| Travel g subsistence | 2 | 2 | 2 | |
| Support costs | 54 | 54 | 60 | |
| Salaries and Wages | (Note 6) | 37 | 37 | 39 |
| Events | 5 | |||
| Donations out | 703 | 703 | 650 | |
| Total resources expended | 800 | 800 | 761 |
| 5 Auditor's | Remuneration | Remuneration | 2021 | 2020 | |
|---|---|---|---|---|---|
| E'000 | E'000 | ||||
| Fees payable | to the | Charity's | auditor for the audit of | ||
| the Charity's | annual | accounts |
| Wages & salaries |
|---|
| Socialsecurity costs |
| 2021 | 2020 |
|---|---|
| 6'000 | f'000 |
| 34 | 36 |
| 3 | 3 |
| 37 | 39 |
| Fund Re | conciliation | ||||
|---|---|---|---|---|---|
| At 1 | At | ||||
| August | Income | Expenditure | 31July | ||
| 2020 | 2021 | 2021 | 2021 | ||
| g'000 | 6'000 | 6'000 | 6'000 | ||
| Restricted | Funds | 593 | (585) | ||
| Unrestricted Funds |
|||||
| General Funds |
13 | 197 | (215) | (5) | |
| Total net | assets | 16 | 790 | (800) |
| ere received for Langar Seva at Analysis ofnet assets between |
Anandpur Sahib. funds |
||
|---|---|---|---|
| Unrestricted | Restricted | ||
| funds | funds | Total | |
| f'000 | 6'000 | f'000 | |
| Other Debtors | |||
| Cash at bank | 17 | 28 | |
| Creditors | (22) | (22) | |
| (5) |
| 2 Financial Instrume |
2 Financial Instrume |
nts | nts | |||
|---|---|---|---|---|---|---|
| The carrying amounts | ofthe Charity's | financialinstruments | are as follows: | |||
| 2021 | 2020 | |||||
| f'000 | f'000 | |||||
| Financial | assets | |||||
| Measured | at fair value | through | SOFA: | |||
| Cash at bank and in hand | 28 | 19 | ||||
| Measured | at amortised | cost: | ||||
| Other Debtors | ||||||
| Financial | liabilities | |||||
| Measured | at amortised | cost: | ||||
| Creditors | 22 |