##
|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||||
|---|---|---|---|---|---|---|
|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||