2020-09-30-accounts - Sachkhand Nanak Dham (Darshan Darbar) UK

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REGISTERED CHARITY NUMBER: 1071912

REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2020 FOR SACHKHAND NANAK DHAM (DARSHAN DARBAR) UK

Macalvins Limited Chartered Accountants 7 St John's Road Harrow Middlesex HA1 2EY

SACHKHAND NANAK DHAM (DARSHAN DARBAR) UK

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2020

	Page
Report of the Trustees	1
Independent Examiner's Report	2
Statement of Financial Activities	3
Balance Sheet	4
Notes to the Financial Statements	5 to 8
Detailed Statement of Financial Activities	9

SACHKHAND NANAK DHAM (DARSHAN DARBAR) UK

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 SEPTEMBER 2020

The trustees present their report with the financial statements of the charity for the year ended 30 September 2020. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) 'Accounting and Reporting by Charities' issued in March 2005.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Charity number

1071912

Principal address

25 North Park Richings Park Iver SL0 9DH

Trustees

S S Sokhi B S Bahl J S Bhambra

Independent examiner

Macalvins Limited Chartered Accountants 7 St John's Road Harrow Middlesex HA1 2EY

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes an unincorporated charity.

Risk management

The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.

Approved by order of the board of trustees on 11 January 2021 and signed on its behalf by:

J S Bhambra - Trustee

Page 1

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF SACHKHAND NANAK DHAM (DARSHAN DARBAR) UK

I report on the accounts for the year ended 30 September 2020, which are set out on pages three to eight.

Responsibilities and basis of report

As the charity's trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').

I have examined your charity's accounts as required under section 145 of the Charities Act 2011 ('the Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

My role is to state whether any material matters have come to my attention giving me cause to believe:

that accounting records were not kept as required by section 130 of the Act; or
that the accounts do not accord with those records; or
that the accounts do not comply with the accounting requirements of the Act; or
that there is further information needed for a proper understanding of the accounts.

Independent examiner's statement

I have completed my examination and have no concerns in respect of the matters (1) to (4) listed above and, in connection with following the Directions of the Charity Commission I have found no matters that require drawing to your attention.

Harish Gaglani on behalf of Macalvins Limited Macalvins Limited Chartered Accountants 7 St John's Road Harrow Middlesex HA1 2EY

11 January 2021

Page 2

SACHKHAND NANAK DHAM (DARSHAN DARBAR) UK

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 SEPTEMBER 2020

2020 Unrestricted fund Notes £ INCOMING RESOURCES Incoming resources from generated funds Voluntary income 216,265 Investment income 2 11,670 Total incoming resources 227,935 RESOURCES EXPENDED Costs of generating funds Costs of generating voluntary income 165,190 Fundraising trading: cost of goods sold and other costs 3 - Governance costs 21,080 Total resources expended 186,270 NET INCOMING RESOURCES 41,665 RECONCILIATION OF FUNDS Total funds brought forward 850,289 TOTAL FUNDS CARRIED FORWARD 891,954	2019 Total funds £ 240,642 60
	240,702 61,239 6,612 -
	67,851
	172,851 700,394
	873,245

Surplus and Deficit Account 968

Posting discrepancies were found in the reserve accounts listed below. This is because the brought forward postings in the current year are not equal to the figures carried forward by IRIS at the end of last year. Please check your postings in the brought forward account for the surplus and deficit account 968.

Unrestricted funds £ Brought forward - 968/1 Carried forward Difference	Total funds £ 850,289 873,245
	22,956

Post to relevant accounts (see UCHA chart of accounts for further details)

The notes form part of these financial statements

Page 3

SACHKHAND NANAK DHAM (DARSHAN DARBAR) UK

BALANCE SHEET AT 30 SEPTEMBER 2020

2020
Unrestricted
fund
Notes
£
FIXED ASSETS
Tangible assets
5
3,068,905
CURRENT ASSETS
Debtors
6
-
Cash at bank
253,729
253,729
CREDITORS
Amounts falling due within one year
7
(2,996)
NET CURRENT ASSETS
250,733
TOTAL ASSETS LESS CURRENT
LIABILITIES
3,319,638
CREDITORS
Amounts falling due after more than one year
8
(1,954,728)
ACCRUALS AND DEFERRED INCOME
9
(472,956)
NET ASSETS
891,954
FUNDS
10
Unrestricted funds
891,954
TOTAL FUNDS
891,954

2019
Total
funds
£
1,218,905
86,132
99,783
185,915
(2,995)
182,920
1,401,825
(78,580)
(450,000)
873,245
873,245
873,245

The financial statements were approved by the Board of Trustees on 11 January 2021 and were signed on its behalf by:

J S Bhambra -Trustee

The notes form part of these financial statements

Page 4

SACHKHAND NANAK DHAM (DARSHAN DARBAR) UK

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2020

1. ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention, and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008), the Charities Act 2011 and the requirements of the Statement of Recommended Practice, Accounting and Reporting by Charities.

Incoming resources

All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.

Resources expended

Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Taxation

The charity is exempt from tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

2. INVESTMENT INCOME

Rents received Deposit account interest	2020 £ 11,641 29 11,670	2019 £ - 60
		60

3. FUNDRAISING TRADING: COST OF GOODS SOLD AND OTHER COSTS

	2020	2019
	£	£
Support costs	-	6,612

4. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 30 September 2020 nor for the year ended 30 September 2019.

Trustees' expenses

There were no trustees' expenses paid for the year ended 30 September 2020 nor for the year ended 30 September 2019.

Page 5

SACHKHAND NANAK DHAM (DARSHAN DARBAR) UK

NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 30 SEPTEMBER 2020

Totals £ 1,240,844 1,850,000	Totals £ 1,240,844 1,850,000	Totals £ 1,240,844 1,850,000	Totals £ 1,240,844 1,850,000
3,090,844
21,939
3,068,905
1,218,905
		2019 £ 86,132
		2019 £ 2,995 2019 £ 78,580	2019 £ 2,995
	2019 £ 450,000 -
	450,000

Page 6

SACHKHAND NANAK DHAM (DARSHAN DARBAR) UK

NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 30 SEPTEMBER 2020

10. MOVEMENT IN FUNDS

Net movement At 1.10.19 in funds At 30.9.20 £ £ £ Unrestricted funds General fund 850,289 41,665 891,954 TOTAL FUNDS 850,289 41,665 891,954 Net movement in funds, included in the above are as follows: Incoming Resources Movement in resources expended funds £ £ £ Unrestricted funds General fund 227,935 (186,270) 41,665 TOTAL FUNDS 227,935 (186,270) 41,665 Comparatives for movement in funds Net movement At 1.10.18 in funds At 30.9.19 £ £ £ Unrestricted Funds General fund 700,394 172,851 873,245 TOTAL FUNDS 700,394 172,851 873,245 Comparative net movement in funds, included in the above are as follows: Incoming Resources Movement in resources expended funds £ £ £ Unrestricted funds General fund 240,702 (67,851) 172,851 TOTAL FUNDS 240,702 (67,851) 172,851 A current year 12 months and prior year 12 months combined position is as follows: Net movement At 1.10.18 in funds At 30.9.20 £ £ £ Unrestricted funds General fund 700,394 214,516 914,910 TOTAL FUNDS 700,394 214,516 914,910	Net movement At 1.10.19 in funds At 30.9.20 £ £ £ Unrestricted funds General fund 850,289 41,665 891,954 TOTAL FUNDS 850,289 41,665 891,954 Net movement in funds, included in the above are as follows: Incoming Resources Movement in resources expended funds £ £ £ Unrestricted funds General fund 227,935 (186,270) 41,665 TOTAL FUNDS 227,935 (186,270) 41,665 Comparatives for movement in funds Net movement At 1.10.18 in funds At 30.9.19 £ £ £ Unrestricted Funds General fund 700,394 172,851 873,245 TOTAL FUNDS 700,394 172,851 873,245 Comparative net movement in funds, included in the above are as follows: Incoming Resources Movement in resources expended funds £ £ £ Unrestricted funds General fund 240,702 (67,851) 172,851 TOTAL FUNDS 240,702 (67,851) 172,851 A current year 12 months and prior year 12 months combined position is as follows: Net movement At 1.10.18 in funds At 30.9.20 £ £ £ Unrestricted funds General fund 700,394 214,516 914,910 TOTAL FUNDS 700,394 214,516 914,910	Net movement At 1.10.19 in funds At 30.9.20 £ £ £ Unrestricted funds General fund 850,289 41,665 891,954 TOTAL FUNDS 850,289 41,665 891,954 Net movement in funds, included in the above are as follows: Incoming Resources Movement in resources expended funds £ £ £ Unrestricted funds General fund 227,935 (186,270) 41,665 TOTAL FUNDS 227,935 (186,270) 41,665 Comparatives for movement in funds Net movement At 1.10.18 in funds At 30.9.19 £ £ £ Unrestricted Funds General fund 700,394 172,851 873,245 TOTAL FUNDS 700,394 172,851 873,245 Comparative net movement in funds, included in the above are as follows: Incoming Resources Movement in resources expended funds £ £ £ Unrestricted funds General fund 240,702 (67,851) 172,851 TOTAL FUNDS 240,702 (67,851) 172,851 A current year 12 months and prior year 12 months combined position is as follows: Net movement At 1.10.18 in funds At 30.9.20 £ £ £ Unrestricted funds General fund 700,394 214,516 914,910 TOTAL FUNDS 700,394 214,516 914,910
		£

		172,851



		172,851


	At 30.9.20 £ 914,910
	914,910

Page 7

SACHKHAND NANAK DHAM (DARSHAN DARBAR) UK

NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 30 SEPTEMBER 2020

10. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

	Incoming	Resources	Movement in
	resources	expended	funds
	£	£	£
Unrestricted funds
General fund	468,637	(254,121)	214,516
TOTAL FUNDS	468,637	(254,121)	214,516

Page 8

SACHKHAND NANAK DHAM (DARSHAN DARBAR) UK

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 SEPTEMBER 2020

INCOMING RESOURCES Voluntary income Donations Investment income Rents received Deposit account interest Total incoming resources RESOURCES EXPENDED Costs of generating voluntary income Insurance Light and heat Telephone Postage Packing & Carriage Event Costs Food & Other Supplies Rates & Water Sundries Motor & Travelling Repairs & Renewals Advertising & Promotion Computer Consumables Bank Charges & Loan Interest Depreciation Charge Fixtures & Fittings Governance costs Accountancy Legal fees Support costs Other 4 Accountancy and legal fees Total resources expended Net income	2020 £ 216,265 11,641 29 11,670 227,935 2,268 7,449 2,250 1,524 8,861 5,979 3,924 4,781 3,915 29,457 18,182 105 76,495 - 165,190 2,000 19,080 21,080 - 186,270 41,665	2019 £ 240,642 - 60
		60
		240,702 1,000 6,533 1,159 1,857 - 3,089 3,469 4,357 - 560 33,781 - 5,089 345
		61,239 - -
		- 6,612
		67,851
		172,851

This page does not form part of the statutory financial statements

Page 9