**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: 1. that accounting records were not kept as required by section 130 of the Act; or 2. that the accounts do not accord with those records; or 3. that the accounts do not comply with the accounting requirements of the Act; or 4. 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** |**5.**
**TANGIBLE FIXED ASSETS**
Freehold
Fixtures and
property
fittings
£
£
**COST**
At 1 October 2019
1,218,905
21,939
Additions
1,850,000
-
At 30 September 2020
3,068,905
21,939
**DEPRECIATION**
At 1 October 2019 and 30 September 2020
-
21,939
**NET BOOK VALUE**
At 30 September 2020
3,068,905
-
At 30 September 2019
1,218,905
-
**6.**
**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
2020
£
Other debtors
-
**7.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
2020
£
Other creditors
2,996
**8.**
**CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR**
2020
£
Other creditors
1,954,728
**9.**
**ACCRUALS AND DEFERRED INCOME**
2020
£
Restricted Funds - Revaluation Reserve
450,000
Restricted Funds - Building
22,956
472,956|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