||||Page||
|---|---|---|---|---|
|Report ofthe Trustees|||to|3|
|Report ofthe Independent
Auditors|||to|5|
|Statement ofFinancial Activities|||||
|Statement ofFinancial Position|||||
|'Antes to the Financial Statements||0|to|13|
|Detailed Statement ofFinancial|Activities|14|to|15|
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||||for the|Year Ended 31 August|2020||
|---|---|---|---|---|---|---|
||||||31820|313L19|
||||||Unrestricted|Total|
||||||fund|I'unde|
|||||||f|
|||||Notes|||
|INCOXIE
Donations|AN1) FNDOWhl ENTS I ROXI
and legacies||||40,605||
|Charitable
Charitable||activities
activities|||1,598.035|I 624.851|
||||||31,619|34,273|
|Odtcr income|||||||
|Total|||||1,670i259|1,707,989|
|EXPENDITURE ON||||||4.047|
|Raising funds|||||||
|Charitable||activities|||I 619644|I 8 IS 618|
|Clmritable||activities|||||
||||||1,619,644|I 822,6Ci5|
|Total|||||||
|NET INCOXIE/(EXPENDITURE)|||||50.615|(114.676)|
|RECONCILIATION|||OF FUNDS||||
|Total funds brought|||forward||101,632|216,308|
|TOTAL||FLWDS CARRIED FORWARD|||152.247|IDI,6 2|
##
||31August
2020|||
|---|---|---|---|
|||31.8.20|31.8.19|
|||Unrestricted|Total|
|||fund|funds|
||Nous|0|f|
|FIXED ASSETS
Tangible
assms||158,713|'10.950|
|CURREiNT ASSETS
Debtors
Cash at bank and in hand|12|46,625
184,161|349
14,364|
|||230.786|14,i13|
|CREDITORS
Amounts
falling due within one year|13|(237,252)|(124,031)|
|NET CURRENT ASSETS||(6,466)|(109,318)|
|TOTAL ASSETSLESS CURRENT
LIABILITIES||152,247|101,632|
|.iETASSETS||152,247|l(il,C)32|
|FUNDS
Unrestricted
funds|14|152.247|l(11 632|
|TOTAL FUNDS||152,247|I0I,Ci32|
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|||||31.8.20|31 8.19|
|---|---|---|---|---|---|
||Donations|||2,310|720|
||Grants receivable|||38,295|48,145|
|||||40,61Ls|48,865|
||Grants received. included||in thc above. are as fottou's:|||
|||||31.8.20|31.8.19|
||Oti&er grants|||38.295|48.145|
|3.|INCOSIE FROSI|CILARITABLE ACTIVITIES||31.8.20|'1.8.19|
|||||Chantabic|Total|
|||||acriviries|activities|
||||||5|
||Term fees|||1.598,035|1,624,851|
||OTHER ENCOSIE|||31.8.20|:1.8.19|
|||||8|r|
||Exam 1'ee and registration
Coach and dinner
money
Extra-cun icular activity|||27,585
4,034|30,'272
360
3.641|
|||||31,619|34,273|
|5.|RAISLNG FUNDS|||||
||Raising donations|and|legacies|31.8.20|31.8.19|
||Support costs||||4,047|
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|CHARIT|A|BLE ACTI|VITIFS COSTS||||
|---|---|---|---|---|---|---|
||||||nupport||
|||||Direct|cosh (scc||
|||||Costs|note 71|Totals|
|||||f|||
|Clmri(able|activities|||1,542,331|77,313|1.619.644|
|SUPPORT||COSTS|||||
||||||Governance||
|||||Advertising|cosm|Totals|
|||||F.||f|
|Charitahlc|activities||||76.954|77,313|
|x(ETIXCO3IE/(EXPEsIDITUREI|||||||
|iLcct income/(expcndinuel|||is stated after charging, (crcditingl:||||
||||||31.8.20|31.8.19|
||||||f||
|Depreciation||-otvncd assets|||52,905|70,316|
|Accountancy||Fees||||2,400|
|Examiner's||fees||||9.540|
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|STAFF C|OST|S|||||||
|---|---|---|---|---|---|---|---|---|
||||||||31.8.20|3(.8.19|
|||||||||f|
|Wages and|salaries||||||950,307|1.053.607|
|Social security||costs|||||8:,200|84,7(3|
||||||||1,035,307|1.138,320|
|Thc avera|e tuonth(y||number ofemployees||during|rite year nas as follona:|||
||||||||31.8.20|31.S.19|
|Employees|||||||54|51|
|No ctnployccs||received emoluments||in excess off60.000.|||||
##
|1.|TANGIBLE FIXED A|SSETS|||||
|---|---|---|---|---|---|---|
|||improcemencs|Fixtures||||
|||to|and|Niotor|Computer||
|||property|fiulngs|vehicles
f|equipment|Totals
f|
||COST
At
I Seprember
019
Additions|509.336|84,491
50|12'2,418|88.842
618|805,1187
668|
||At 31 August
0 0|509.336|84,541|122,418|89.460|805,755|
||DEPRECIATION
At
I September 2019
Charge for year|365,466
35,967|69,008
3,884|90,894
7,881|68,769
5,173|594,137
5L90n|
||At: I August
0'0|401,433|72 892|98,775|73,942|647,042|
||ETBOOK VALLE
At 31 Augttst 2020|107,903|11,649|23.643|15,318|158,713|
||At 31 August 2019|143,870|15,483|31,524|20,073|210,950|
|2.|DEBTORS:AXIOUNTS FALLING DUE 1VITHTN ONE YEAR||||31.8.20|314L19|
||||||8||
||Other debtors||||46,625|349|
|13.|CREDITORS: AXIOUNTS FALLING DUE XYITIIIN O'N EYEAR||||31.8.20|31.8.19|
||||||8|f|
||Social security
and other ta~es
Other creditors
Accruals
and deferred
income||||127,205
S3,189
26,858|48,598
75,433|
||||||237252|I24,031|
|14.|XIOYESIENT IN FUNDS||||Net||
||||||ni0veale nt|At|
|||||At 1.9.19|in funds|31,8,20|
|||||f|I,|f.|
||Unrestricted
funds
General
fund|||101.632|50,615|152.247|
||TOTAL FUNDS|||101,632|50,615|132,247|
##
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##
|||||||Inconl log
r"sources|Resources
expcndcd|Xlovcn1cnt
in funds|
|---|---|---|---|---|---|---|---|---|
||||||||I.|E|
|L'nrestricted||funds|||||||
|General|fund|||||1.670.259|(1,619,644)|50.615|
|TOTAL|FUh|DS||||1,670,259|(1,619,644)|50,615|
|Comparatives||fur|movemcnt|in|funds||||
||||||||Nct||
||||||||nlovcmcnt|Al|
|||||||Al 1.9.18|in funds|31 8 I'I|
|||||||f|E||
|Unrestricted
General
fund||funds||||216,308|(114.6761|!01,632|
|TOTAL|FL".SDS|||||216.308|(114.676)|101.632|
|||Incoming|Resources|Slovcnlcnl|
|---|---|---|---|---|
|||Icsoulccs
f|expended|in funds
E|
|Unrestricted|funds||||
|Gcncral fund||1.707,9S9|(1,822,665)|(114,6761|
|TOTAL FUISDS||1,707,989|(1,822.665)|(114.676)|
|||||Net||
|---|---|---|---|---|---|
|||||nlovcnlcnl|Al|
||||Al 1.9.18|in funds|31 8.20|
||||E||f|
|Unrestricted||funds||||
|General|fund||216,30R|(64,061)|157,247|
|TOTAL|FU)sDS||216.308|(64.061)|157,'147|
##
##
|||||Incoming|Resources|Resources|I;locenrent|
|---|---|---|---|---|---|---|---|
|||||«escort cs|cspcndcd||in funds|
||||||f||I|
|I.nrestricted||funds||||||
|General|fund|||.378."48|(3aa|309)|(64,061)|
|TOTAL|FINDS||3|378,248|(3,442|309)|(64,06l l|
##
|||G G S Khalsa College Lt|d|||
|---|---|---|---|---|---|
|||Detailed Statement ofFinancial|Activities|||
|||for the 3'car Ended 31August 2020||||
|||||3I.R20|31.R I9|
|||||6||
|1CCO3IE A.iD EhiDOAyhiEWTS||||||
|Donations
aad legacies
Donations||||2,31II|7'0|
|Grants rcccivahle||||38.295|48,143|
|||||40,605||
|Charitable
activities||||||
|Term fccs||||1.598.035|1.624,851|
|Other income
Exam Iec and registration
Coach and dinner money
Extra-curricular
activity||||27,585
4,034|0 17v
360
3,641|
|||||31,619|34,273|
|Total incoming
resources||||1.670.259|1.707,989|
|EXPEND)ITVRE||||||
|Charitable
activities||||||
|Staffcosts - wages 8;salaries
Statf costs - social securuv||||950,307
s5,20n|1,053,607
84,713|
|Rent k.rates||||60,207|37,427|
|insurance||||19,645|19,960|
|Transport
Study malerials k.exam fees
Property
maintenance
and repairs
Catering
Vtilitics||||111,529
115,442
71,990
33,421
21,627|I75,093
146,591
3n,nee
51,131
32,6S4|
|Other||||2.313|839|
|Donation||||75|794|
|I3ad debts||||17,670|29,566|
|Itnplovelncnts
to pfopcrD:
Fixtures and fiuings
3iiotor vehicles||||35,967
3,884
7,881|47,956
5,1f)I
I0,508|
|Computer
equipment||||5,173|6,691|
|||||1,342.331|1.73'2,787|
|Support costs||||||
|Advertising
Advertising||||359|4,047|
|Governance
costs||||||
|Telephone
Carried
fotxvard||||17,130
17,130|I4.079
14.079|
|for the Year En|ded 31 August 2020||
|---|---|---|
||3I,S.20|".).8.I9|
|Governance
costs|||
|Brou
ht fonvard|17,130|ll,079|
|Postage and stationery
Accoumancy
fees|11,675
2,400|23,036
'.&00|
|Audit fees|15,660|9.540|
|Legal tees|6,090|505|
|Training|13,959|9.986|
|Bank charges|2,345|2,635|
|Commission
paid|(,200|(.650|
|Discount expense|6,495||
||76,954|S:.S31|
|Torsi resources expended|1,619.644|I 022 (i65|
|Set income/(expenditure)|50&615|(I)4,676)|