**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