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2021-09-30-accounts

REGISTERED CHARITY NUMBER: 1071912

REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2021

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 2021

Page
Report of the Trustees 1
Independent Examiner's Report 2
Statement of Financial Activities 3
Balance Sheet 4
Cash Flow Statement 5
Notes to the Cash Flow Statement 6
Notes to the Financial Statements 7 to 14
Detailed Statement of Financial Activities 15 to 16

SACHKHAND NANAK DHAM (DARSHAN DARBAR) UK

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 SEPTEMBER 2021

The trustees present their report with the financial statements of the charity for the year ended 30 September 2021. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

STRUCTURE, GOVERNANCE AND MANAGEMENT

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 T Das

Independent Examiner

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

Approved by order of the board of trustees on 16 January 2022 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

Independent examiner's report to the trustees of Sachkhand Nanak Dham (Darshan Darbar) UK

I report to the charity trustees on my examination of the accounts of Sachkhand Nanak Dham (Darshan Darbar) UK (the Trust) for the year ended 30 September 2021.

Responsibilities and basis of report

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

I report in respect of my examination of the Trust's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner's statement

Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a registered member of _ which is one of the listed bodies.

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  1. accounting records were not kept in respect of the Trust as required by section 130 of the Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

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

16 January 2022

Page 2

SACHKHAND NANAK DHAM (DARSHAN DARBAR) UK

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 SEPTEMBER 2021

Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
Investment income
3
Other income
4
Total
EXPENDITURE ON
Raising funds
5
Other
Total
NET INCOME
Other recognised gains/(losses)
Gains on revaluation of fixed assets
Net movement in funds
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD		 2021
Unrestricted
fund
£
464,039
21,360
42,855
528,254
147,671
36,247
183,918
344,336
2,632,034
2,976,370
1,364,910
4,341,280		 2020
Total
funds
£
216,265
11,670
-
227,935
165,190
21,080
186,270
41,665
450,000
491,665
873,245
1,364,910

The notes form part of these financial statements

Page 3

SACHKHAND NANAK DHAM (DARSHAN DARBAR) UK

BALANCE SHEET 30 SEPTEMBER 2021

Notes
FIXED ASSETS
Tangible assets
9
Investment property
10
CURRENT ASSETS
Debtors
11
Cash at bank
CREDITORS
Amounts falling due within one year
12
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT LIABILITIES
CREDITORS
Amounts falling due after more than one year
13
NET ASSETS
FUNDS
15
Unrestricted funds:
General fund
TOTAL FUNDS		 2021
Unrestricted
fund
£
6,353,650
505,000
6,858,650
1,786
316,566
318,352
(936,495)
(618,143)
6,240,507
(1,899,227 )
4,341,280
4,341,280
4,341,280		 2020
Total
funds
£
2,636,876
432,029
3,068,905
-
253,729
253,729
(2,996)
250,733
3,319,638
(1,954,728 )
1,364,910
1,364,910
1,364,910

The financial statements were approved by the Board of Trustees and authorised for issue on 16 January 2022 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

CASH FLOW STATEMENT
FOR THE YEAR ENDED 30 SEPTEMBER 2021
2021
Notes
£
Cash flows from operating activities
Cash generated from operations
1
290,807
Net cash provided by operating activities
290,807
Cash flows from investing activities
Purchase of tangible fixed assets
(1,158,975 )
Interest received
4
Net cash used in investing activities
(1,158,971 )
Cash flows from financing activities
New loans in year
931,001
Net cash provided by financing activities
931,001
Change in cash and cash equivalents in the
reporting period
62,837
Cash and cash equivalents at the beginning of
the reporting period
253,729
Cash and cash equivalents at the end of the
reporting period
316,566		 2020
£
2,003,917
2,003,917
(1,850,000 )
29
(1,849,971 )
-
-
153,946
99,783
253,729

The notes form part of these financial statements

Page 5

SACHKHAND NANAK DHAM (DARSHAN DARBAR) UK

NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 30 SEPTEMBER 2021

1. RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES

2.

Net income for the reporting period (as per the Statement of Financial
Activities)
Adjustments for:
Depreciation charges
Interest received
(Increase)/decrease in debtors
(Decrease)/increase in creditors
Net cash provided by operations
ANALYSIS OF CHANGES IN NET FUNDS/(DEBT)
At 1.10.20
£
Net cash
Cash at bank
253,729
253,729
Debt
Debts falling due within 1 year
-
-
Total
253,729		 2021
£
344,336
1,263
(4)
(1,786)
(53,002)
290,807
Cash flow
£
62,837
62,837
(931,000)
(931,000)
(868,163)		 2020
£
41,665
-
(29)
86,132
1,876,149
2,003,917
At 30.9.21
£
316,566
316,566
(931,000)
(931,000)
(614,434)

The notes form part of these financial statements

Page 6

SACHKHAND NANAK DHAM (DARSHAN DARBAR) UK

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2021

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention, as modified by the revaluation of certain assets.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. 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.

Motor vehicles - 20% reducing balance Computer equipment - 33.33% on cost

Freehold property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the Statement of Financial Activities.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the Statement of Financial Activities.

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.

continued...

Page 7

SACHKHAND NANAK DHAM (DARSHAN DARBAR) UK

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 SEPTEMBER 2021

2.
DONATIONS AND LEGACIES
Donations
3.
INVESTMENT INCOME
Rents received
Deposit account interest
4.
OTHER INCOME
Other Income - Gid Aid Claim
5.
RAISING FUNDS
Raising donations and legacies
Insurance
Light and heat
Telephone
Postage Packing & Carriage
Event Costs
Food & Other Supplies
Rates & Water
Sundries
Motor & Travelling
Repairs & Renewals
Advertising & Promotion
Computer Consumables
Cleaning
Bank Charges & Loan Interest		 2021
£
464,039
2021
£
21,356
4
21,360
2021
£
42,855
2021
£
2,615
8,812
1,537
1,149
12,298
7,069
5,032
999
9,778
37,334
175
17
78
60,778
147,671		 2020
£
216,265		 2020
£
216,265
2020
£
11,641
29
11,670
2020
£
-
2020
£
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

continued...

Page 8

SACHKHAND NANAK DHAM (DARSHAN DARBAR) UK

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 SEPTEMBER 2021

6. SUPPORT COSTS

SUPPORT COSTS
Governance
Finance costs Totals
£ £ £
Other resources expended 1,263 34,984 36,247

7. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 30 September 2021 nor for the year ended 30 September 2020.

Trustees' expenses

There were no trustees' expenses paid for the year ended 30 September 2021 nor for the year ended 30 September 2020.

8. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted
fund
£
INCOME AND ENDOWMENTS FROM
Donations and legacies 216,265
Investment income 11,670
Total 227,935
EXPENDITURE ON
Raising funds 165,190
Other 21,080
Total 186,270
NET INCOME 41,665
Other recognised gains/(losses)
Gains on revaluation of fixed assets 450,000
Net movement in funds 491,665
RECONCILIATION OF FUNDS
Total funds brought forward 873,245

continued...

Page 9

SACHKHAND NANAK DHAM (DARSHAN DARBAR) UK

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 SEPTEMBER 2021

8. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued

TOTAL FUNDS CARRIED FORWARD

Unrestricted fund £ 1,364,910

9.

TANGIBLE FIXED ASSETS

Fixtures
Freehold
and
property
fittings
£
£
COST OR VALUATION
At 1 October 2020
2,636,876
21,939
Additions
1,154,062
-
Revaluations
2,559,062
-
At 30 September 2021
6,350,000
21,939
DEPRECIATION
At 1 October 2020
-
21,939
Charge for year
-
-
At 30 September 2021
-
21,939
NET BOOK VALUE
At 30 September 2021
6,350,000
-
At 30 September 2020
2,636,876
-
Cost or valuation at 30 September 2021 is represented by:
Fixtures
Freehold
and
property
fittings
£
£
Valuation in 2021
6,350,000
-
Cost
-
21,939
6,350,000
21,939		 Motor
vehicles
£
-
4,500
-
4,500
-
1,125
1,125
3,375
-
Motor
vehicles
£
-
4,500
4,500		 Computer
equipment
£
-
413
-
413
-
138
138
275
-
Computer
equipment
£
-
413
413		 Totals
£
2,658,815
1,158,975
2,559,062
6,376,852
21,939
1,263
23,202
6,353,650
2,636,876
Totals
£
6,350,000
26,852
6,376,852

continued...

Page 10

SACHKHAND NANAK DHAM (DARSHAN DARBAR) UK

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 SEPTEMBER 2021

10. INVESTMENT PROPERTY

FAIR VALUE
At 1 October 2020
Revaluation
At 30 September 2021
NET BOOK VALUE
At 30 September 2021
At 30 September 2020
Fair value at 30 September 2021 is represented by:
Valuation in 2021
11.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Prepayments and accrued income
12.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade creditors
Other creditors		 2021
£
1,786
2021
£
2,496
933,999
936,495		 £
432,029
72,971		 £
432,029
72,971
505,000
505,000
432,029
£
505,000
2020
£
-
2020
£
-
2,996
2,996

continued...

Page 11

SACHKHAND NANAK DHAM (DARSHAN DARBAR) UK

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 SEPTEMBER 2021

13. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

Other creditors
14.
LOANS
An analysis of the maturity of loans is given below:
Amounts falling due within one year on demand:
Other loans
15.
MOVEMENT IN FUNDS
Unrestricted funds
General fund
TOTAL FUNDS
Net movement in funds, included in the above are as follows:
Incoming
resources
£
Unrestricted funds
General fund
528,254
TOTAL FUNDS
528,254		 At
1.10.20
£
1,364,910
1,364,910
Resources
expended
£
(183,918)
(183,918)		 2021
£
1,899,227
2021
£
931,000
Net
movement
in funds
£
2,976,370
2,976,370
Gains and
losses
£
2,632,034
2,632,034		 2020
£
1,954,728		 2020
£
1,954,728
2020
£
-
At
30.9.21
£
4,341,280		 2020
£
-
4,341,280
Movement
in funds
£
2,976,370
2,976,370

continued...

Page 12

SACHKHAND NANAK DHAM (DARSHAN DARBAR) UK

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 SEPTEMBER 2021

15. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Unrestricted funds
General fund
TOTAL FUNDS
Comparative net movement in funds, included in the above a
Unrestricted funds
General fund
TOTAL FUNDS		 Net
At
movement
At
1.10.19
in funds
30.9.20
£
£
£
873,245
491,665
1,364,910
873,245
491,665
1,364,910
re as follows:
Incoming
Resources
Gains and
Movement
resources
expended
losses
in funds
£
£
£
£
227,935
(186,270)
450,000
491,665
227,935
(186,270)
450,000
491,665		 Net
At
movement
At
1.10.19
in funds
30.9.20
£
£
£
873,245
491,665
1,364,910
873,245
491,665
1,364,910
re as follows:
Incoming
Resources
Gains and
Movement
resources
expended
losses
in funds
£
£
£
£
227,935
(186,270)
450,000
491,665
227,935
(186,270)
450,000
491,665
491,665

A current year 12 months and prior year 12 months combined position is as follows:

Unrestricted funds
General fund
TOTAL FUNDS		 At
1.10.19
£
873,245
873,245		 Net
movement
in funds
£
3,468,035
3,468,035		 At
30.9.21
£
4,341,280
4,341,280

continued...

Page 13

SACHKHAND NANAK DHAM (DARSHAN DARBAR) UK

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 SEPTEMBER 2021

15. 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:

Unrestricted funds
General fund
TOTAL FUNDS		 Incoming
resources
£
756,189
756,189		 Resources
expended
£
(370,188)
(370,188)		 Gains and
losses
£
3,082,034
3,082,034		 Movement
in funds
£
3,468,035
3,468,035

16. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 30 September 2021.

Page 14

SACHKHAND NANAK DHAM (DARSHAN DARBAR) UK

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 SEPTEMBER 2021

INCOME AND ENDOWMENTS
Donations and legacies
Donations
Investment income
Rents received
Deposit account interest
Other income
Other Income - Gid Aid Claim
Total incoming resources
EXPENDITURE
Raising donations and legacies
Insurance
Light and heat
Telephone
Postage Packing & Carriage
Event Costs
Food & Other Supplies
Rates & Water
Sundries
Motor & Travelling
Repairs & Renewals
Advertising & Promotion
Computer Consumables
Cleaning
Bank Charges & Loan Interest
Support costs
Finance
Motor vehicles
Carried forward		 2021
£
464,039
21,356
4
21,360
42,855
528,254
2,615
8,812
1,537
1,149
12,298
7,069
5,032
999
9,778
37,334
175
17
78
60,778
147,671
1,125
1,125		 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
-
-

This page does not form part of the statutory financial statements

Page 15

SACHKHAND NANAK DHAM (DARSHAN DARBAR) UK

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 SEPTEMBER 2021

DETAILED STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 30 SEPTEMBER 2021
Finance
Brought forward
Computer equipment
Governance costs
Accountancy
Legal and professional fees
Total resources expended
Net income		 2021
£
1,125
138
1,263
14,541
20,443
34,984
183,918
344,336		 2020
£
-
-
-
2,000
19,080
21,080
186,270
41,665

This page does not form part of the statutory financial statements

Page 16