| Page | |||
|---|---|---|---|
| Reference and Admlnhtratlve Details |
|||
| Report ofthe Trustees | 2 | to | 4 |
| Report ofthe Independent Auditors |
5 | to | 7 |
| Statemenf of Financial ActlvRles |
|||
| Balance Sheet | |||
| Cash Flow Statement | 10 | ||
| Notes tothe Cash Flow Statement | |||
| Notes tothe Financial Statements | 12 | to | 20 |
| Detailed Statement of Financial Activities |
21 | lo | 22 |
| TRUSTEES | I SPanesar | - President | ||
|---|---|---|---|---|
| H SJagdev- Vice President | ||||
| KSSagoo —Secretary | ||||
| S SPanesar | - Treasurer | |||
| S SSehmi | ||||
| M S Reyat | ||||
| A SMatharu | ||||
| M S Riyat | ||||
| G SGahir | ||||
| S SReehal | ||||
| Dr H SVirdee | ||||
| A S Hanspal | ||||
| JSMatharu | ||||
| S SHanspal | ||||
| G S Bahra | ||||
| H SKundra | ||||
| R SPanesar | ||||
| M S Dhiraj | ||||
| H S Juss | ||||
| M S Panesar | ||||
| J SChana | (deceased | 21.11.22) | ||
| PRINCIPAL ADDRESS | 51 Meynell | Road | ||
| Leicester | ||||
| LES3NE | ||||
| REGISTERED CHARITY NUMBER | 1081931 | |||
| AUDITORS | Fortus Audit | LLP | ||
| Chartered | Accountants | LStatutory | Auditor | |
| 31 High View Close | ||||
| Hamilton Oflice Park |
||||
| Leicester | ||||
| Leicestershire | ||||
| LE4 9LJ |
| 2022 | 2021 | ||||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||||
| fund | fund | funds | funds | ||||
| Notes | E | 8 | E | ||||
| INCOME AND ENDOWMENTS | FROM | ||||||
| Donations and legacies | 345,751 | 43,181 | 388,932 | 231,865 | |||
| CharRable actlviRes |
|||||||
| Hall hire | 111,991 | 111,991 | |||||
| Sale oftickets and | Senior Citizen Club | 5,702 | 5,702 | 1 1,898 | |||
| Other trading activities |
42,000 | 42,000 | 42,000 | ||||
| Investment income |
I | 1 | 87 | ||||
| Other income | 25,000 | 25.000 | 51,068 | ||||
| Total | 524,743 | 48,883 | 573,626 | 336,918 | |||
| EXPENDITURE ON | |||||||
| Raising funds | 117,603 | 117,603 | 91,161 | ||||
| Charitable aclivRies |
|||||||
| Hall hire | 44,439 | 44,439 | 35.257 | ||||
| Sale oftickets and | Senior Citizen Club | 4,675 | 4,675 | 16,652 | |||
| Governance | 8,702 | 8,702 | 6,936 | ||||
| Mortgage interest |
92,828 | 92,828 | 63,528 | ||||
| Total | 263,572 | 4,675 | 268,247 | 213,534 | |||
| NET INCOME | 261.171 | 44,208 | 305,379 | 123,384 | |||
| Transfers between | funds | 19 | 44,208 | (44,208) | |||
| Net movement in funds |
305,379 | 305,379 | 123,384 | ||||
| RECONCILIATION OF FUNDS |
|||||||
| Total funds brought | forward | 4,367,1 10 | 4,367,110 | 4,243,726 | |||
| TOTAL FUNDS CARRIED FORWARD | 4,672,489 | 4,672,489 | 4,367,110 |
| 2022 | 2021 | |||
|---|---|---|---|---|
| Notes | 5 | K | ||
| FIXED ASSETS | ||||
| Tangible assets | 12 | 7,672,857 | 6,686,297 | |
| CURRENT ASSETS | ||||
| Debtors | 13 | 25,209 | 48,180 | |
| Cash at bank and | in hand | 14,486 | 272,384 | |
| 39,695 | 320,564 | |||
| CREDITORS | ||||
| Amounts falling due within one year |
14 | (196,683) | (313400) | |
| NET CURRENT ASSETS | (156,988) | 7,164 | ||
| TOTAL ASSETS LESS | CURRENT LIABILITIES | 7,515,869 | 6,693,461 | |
| CREDITORS | ||||
| Amounts falling due after more than one |
||||
| year | 15 | (2,843,380) | (2,326,351) | |
| NET ASSETS | 4,672,489 | 4,367,110 | ||
| FUNDS | 19 | |||
| Unrestricted funds |
4,672,489 | 4,367,110 | ||
| TOTAL FUNDS | 4,672,489 | 4,367,110 |
| 2021 | |||||
|---|---|---|---|---|---|
| Notes | |||||
| Cash flows from operafiing | activities | ||||
| Cash generated from operations |
I | 372,338 | 256,227 | ||
| Interest paid | (93,659) | (63,528) | |||
| Net cash provided by operating |
activities | 278,679 | 192,699 | ||
| Cash flows from Investing | activifies | ||||
| Purchase of tangible fixed assets |
(999,702) | (1,706,703) | |||
| Interest received | I | 87 | |||
| Net cash used in investing | activities | (999,701) | (1,706,616) | ||
| Cash flows from financing | activities | ||||
| New loans in year | 524,160 | 900,369 | |||
| Loan repayments in year |
(61,036) | (4,953) | |||
| Net cash provided by financing |
activities | 463,124 | 895416 | ||
| Change in cash and cash |
equivalents | in | |||
| the reporfing period |
(257,898) | (618,501) | |||
| Cash and cash equivalents | at the | ||||
| beginning ofthe reporfing |
period | 272,384 | 890,885 | ||
| Cash and cash equivalents | atthe | end | of | ||
| the reporting period |
14,486 | 272,384 |
| RECONCILIATION OF |
RECONCILIATION OF |
NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES | NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES | NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES | |
|---|---|---|---|---|---|
| 2022 | 2021 | ||||
| E | |||||
| Net income for Ihe | reporling | period (as per ihe Statemenf of | |||
| Financial ActfvNes) | 305,379 | 123,384 | |||
| Ad)ustmenls for. |
|||||
| Depreciation charges |
13,142 | 14,945 | |||
| Interest received | (1) | (87) | |||
| Interest paid | 93,659 | 63,528 | |||
| Decrease in debtors |
22,971 | 10,536 | |||
| (Decrease)/increase | in creditors | (62,812) | 43,921 | ||
| Net cash provided | by operations | 372,338 | 256,227 |
| ANALYSIS OF CHANGES | IN NET DEBT | |||
|---|---|---|---|---|
| At 1.4.21 | Cash flow | At31.3.22 | ||
| E | 8 | E | ||
| Net cash | ||||
| Cash at bank and in hand | 272,384 | (257,898) | 14,486 | |
| 272,384 | (257,898) | 14,486 | ||
| Debt | ||||
| Debts falling due within | 1 year | (62,343) | 53,905 | (8,438) |
| Debts falling due after | 1 year | (2,326,351 ) | (517,029) | (2,843,380) |
| (2.388,694) | (463,124) | (2,851,818) | ||
| Total | (2,116,310) | (721,022) | (2,837,332) |
| 2. | DONATIONS AND |
LEGACIES | ||
|---|---|---|---|---|
| 2022 | 2021 | |||
| E | ||||
| Donations | 315,203 | 187,076 | ||
| Gift aid | 73,729 | 44,789 | ||
| 388,932 | 231,865 | |||
| 3. | OTHER TRADING ACTIVIITES | |||
| 2022 | 2021 | |||
| K | 8 | |||
| Rents received | 42,000 | 42,000 | ||
| 4. | INVESTMENT INCOME | |||
| 2022 | 2021 | |||
| Deposit account | interest | I | 87 | |
| INCOME FROM CHARITABLE ACTIVITIES | ||||
| 2022 | 2021 | |||
| Activity | 8 | |||
| Hall hire | Hall hire | 111,191 | ||
| Sporting activities | Hall hire | 800 | ||
| Sale oftickets and Senior | ||||
| Citizen Club | Sale oftickets and Senior Citizen Club | 5,702 | 11,898 | |
| 117,693 | 11,898 | |||
| RAISING FUNDS | ||||
| Raising donations | and legacies | |||
| 2022 | 2021 | |||
| Staff costs | 23,994 | 5,656 | ||
| Rent | 33,750 | 30,000 | ||
| Rates and water | 121 | 446 | ||
| Insurance | 1,098 | 665 | ||
| Light and heat | 15,706 | 9,721 | ||
| Telephone | 1,223 | 1,221 | ||
| Postage and stationery | 54 | 897 | ||
| Repairs and maintenance | 1,295 | 467 | ||
| Subscriptions | 200 | 100 | ||
| Donations | 100 | |||
| Siropas | 12,457 | 29,697 | ||
| Langar, parshad | and sundrties | 15,036 | 6,771 | |
| Cleaning and waste disposal |
1,594 | 2,888 | ||
| Advertising | 184 | 340 | ||
| Bank charges | 9,718 | 1,858 | ||
| Website costs | 65 | 434 | ||
| Securtity costs | 1,008 | |||
| Canied forward | 117,603 | 91,161 |
| 6. | RAISING FUNDS - c | RAISING FUNDS - c | RAISING FUNDS - c | RAISING FUNDS - c | ontinued | |||
|---|---|---|---|---|---|---|---|---|
| Raising donations | and legacies - conRnued | |||||||
| 2022 | 2021 | |||||||
| E | E | |||||||
| Brought | forward | 117,603 | 91,161 | |||||
| 117,603 | 91,161 | |||||||
| 7. | CHARITABLE ACTIVITIES COSTS | |||||||
| Support | ||||||||
| Direct | costs (see | |||||||
| Costs | note 8I | Totals | ||||||
| E | E | E | ||||||
| Hall hire | 44,439 | 44,439 | ||||||
| Sale of tickets | and | Senior Citizen | ||||||
| Club | 4,675 | 4,675 | ||||||
| Governance | 8,702 | 8,702 | ||||||
| Mortgage | interest | 92,828 | 92,828 | |||||
| 141,942 | 8,702 | 150,644 | ||||||
| 8, | SUPPORT | COSTS | ||||||
| Governance | ||||||||
| costs | ||||||||
| E | ||||||||
| Governance | 8,702 | |||||||
| Support | costs, | included in the above, are as follows: |
||||||
| 2022 | 2021 | |||||||
| Total | ||||||||
| Governance | activities | |||||||
| E | ||||||||
| Auditors' | remuneration | 6,000 | 5,000 | |||||
| Accountancy | and | legal fees | 2,702 | 1,936 | ||||
| 8.702 | 6,936 |
| STAFF COSTS | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| 2022 | 2021 | ||||||||
| E | E | ||||||||
| Wages and salaries | 28,669 | 13,915 | |||||||
| 28,669 | 13,915 | ||||||||
| The average | monthly | number | ofemployees | duriing the year was as follows: | |||||
| 2022 | 2021 | ||||||||
| Administration | I | I | |||||||
| Gianis | 3 | I | |||||||
| 2 | |||||||||
| No employees | received emoluments | in excess of K60,000. | |||||||
| COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACllVITIES |
|||||||||
| Unrestricted | Restriicted | Total | |||||||
| fund | fund | funds | |||||||
| E | E | E | |||||||
| INCOME AND | ENDOWMENTS | FROM | |||||||
| Donations and legacies | 221,084 | 10.781 | 231,865 | ||||||
| Charitable activiRes |
|||||||||
| Sale of tickets | and | Senior Citizen Club | 120 | 11,778 | 11,898 | ||||
| Other trading | activities | 42,000 | 42,000 | ||||||
| Investment income |
87 | 87 | |||||||
| Other income | 51,068 | 51,068 | |||||||
| Total | 314,359 | 22,559 | 336,918 | ||||||
| EXPENDITURE ON | |||||||||
| Raising funds | 91,161 | 91,161 | |||||||
| Charitable actlviRes |
|||||||||
| Hall hire | 35,257 | 35,257 | |||||||
| Sale oftickets | and | Senior Citizen Club | 8,393 | 8,259 | 16,652 | ||||
| Governance | 6,936 | 6,936 | |||||||
| Mortgage interest |
63,528 | 63,528 | |||||||
| Total | 205,275 | 8,259 | 213,534 | ||||||
| NET INCOME | 109.084 | 14,300 | 123,384 | ||||||
| Transfers between | funds | 14,300 | (1&300) | ||||||
| Net movement | in | funds | 123,384 | 123,384 | |||||
| RECONCILIATION | OF FUNDS | ||||||||
| Total funds brought | forward | 4,243,726 | 4,243,726 |
| 11. | COMPARATIVES | FOR | THE STATEMENT OF FINANCIAL | ACTIVITIES - conRnued | ||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | ||||
| fund | fund | funds | ||||
| R | ||||||
| TOTAL FUNDS CARRIED FORWARD | 4,367,110 | 4,367,110 | ||||
| 12. | TANGIBLE FIXED ASSETS | |||||
| Fixtures, | ||||||
| fittings | ||||||
| Freehold | and | |||||
| property | equipment | Totals | ||||
| E | ||||||
| COST | ||||||
| At 1 April 2021 |
6,601,611 | 501,622 | 7,103,233 | |||
| Additions | 996.776 | 2,926 | 999,702 | |||
| At 31 March 2022 | 7,598,387 | 504,548 | 8.102,935 | |||
| DEPRECIA'IION | ||||||
| At 1 April 2021 |
416,936 | 416,936 | ||||
| Charge foryear | 13,142 | 13,142 | ||||
| At 31 March 2022 | 430,078 | 430,078 | ||||
| NET BOOK VALUE | ||||||
| At 31 March 2022 | 7,598,387 | 74,470 | 7,672,857 | |||
| At 31 March 2021 | 6,601,611 | 6,686,297 | ||||
| 13. | DEBTORS:AMOUNTS | FALLING DUE WITHIN ONE YEAR | ||||
| 2022 | 2021 | |||||
| E | ||||||
| Other debtors | 22,075 | 43,586 | ||||
| Prepayments and accrued income |
3,134 | 4,594 | ||||
| 25,209 | 48,180 |
| CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
||
|---|---|---|---|---|
| 2022 | 2021 | |||
| E | ||||
| Bank loans and overdrafts | [see note 16) | 8,438 | 62,343 | |
| Trade creditors | 36,985 | 136,976 | ||
| Taxation and social security | 4,541 | 9,557 | ||
| Other creditors | 146,719 | 104,524 | ||
| 196,683 | 313,400 | |||
| CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
||||
| 2022 | 2021 | |||
| Bank loans (see note 16) | 2,843,380 | 2,326,351 | ||
| LOANS | ||||
| An analysis ofthe maturity of | loans is given below: | |||
| 2022 | 2021 | |||
| 5 | ||||
| Amounts falling due within |
one year on demand: | |||
| Bank loans | 8,438 | 62,343 | ||
| Amounts falling due between |
two and five yeors: | |||
| Bank loans —2-5 years |
42,192 | 50,000 | ||
| Amounts falling due in more than five years: |
||||
| Repayable by instalments: |
||||
| Bank loans more 5yr by instal | 2,801,188 | 2,276.351 |
| Minimu | m lease payments under non-cancel |
lable operating |
leases fall due | as follows: | |
|---|---|---|---|---|---|
| 2022 | 2021 | ||||
| Within | one year | 39,000 | 20,000 | ||
| ANALYSIS OF NET ASSETS BETWEEN FUNDS | |||||
| 2022 | 2021 | ||||
| unrestricted | Restricted | Total | Total | ||
| fund | fund | funds | funds | ||
| 5 | E | F. | |||
| Fixed assets | 7,672,857 | 7,672,857 | 6,686,297 | ||
| Current | assets | 39,695 | 39.695 | 320,564 | |
| Current | liabilities | (196,683) | (196,683) | (313,400) | |
| Long term liabilities | (2,843,380) | (2,843,380) | (2,326,351) | ||
| 4,672,489 | 4,672,489 | 4,367,110 |
| 19. | MOVEMENT IN | FUNDS | |||||
|---|---|---|---|---|---|---|---|
| Net | Transfers | ||||||
| movement | between | At | |||||
| At 1.4.21 | in funds | funds | 31.3.22 | ||||
| F. | S | S | 5 | ||||
| Unrestricted funds |
|||||||
| General fund | 4,367.110 | 261,171 | 44,208 | 4,672,489 | |||
| Restricted funds | |||||||
| Donations and | grants | 44,208 | (44,208) | ||||
| TOTAL FUNDS | 4,367,110 | 305,379 | 4,672,489 | ||||
| Net movement | in funds, included | in the above are as follows: | |||||
| Incoming | Resources | Movement | |||||
| resources | expended | in funds | |||||
| E | R | ||||||
| Unrestricted funds |
|||||||
| General fund | 524,743 | (263,572) | 261,171 | ||||
| Restricted funds | |||||||
| Donations and | grants | 48,883 | (4.675) | 44,208 | |||
| TOTAL FUNDS | 573,626 | (268,247) | 305,379 | ||||
| ComparaRves | for movement | In funds | |||||
| Net | Transfers | ||||||
| movement | between | At | |||||
| At 1.4.20 | in funds | funds | 31.3.21 | ||||
| Unrestricted funds |
|||||||
| General fund | 4,243,726 | 109,084 | 14,300 | 4,367,110 | |||
| Restricted funds | |||||||
| Donations and | grants | 14,300 | (14,300) | ||||
| TOTAL FUNDS | 4,243,726 | 123,384 | 4,367,110 |
| Comparativ | e net movement in funds, incl |
uded in the above are as follows: |
||
|---|---|---|---|---|
| Incoming | Resources | Movement | ||
| resources | expended | in funds | ||
| E | E | |||
| Unrestricted | funds | |||
| General fund | 314,359 | (205,275) | 109,084 | |
| Restricted | funds | |||
| Donations | and grants | 22.559 | (8,259) | 14,300 |
| TOTAL FUNDS | 336,918 | (213,534) | 123,384 |
| 2022 | |||
|---|---|---|---|
| INCOME AND ENDOWMENTS | |||
| Donations and legacies | |||
| Donations | 315,203 | 187,076 | |
| Giff aid | 73,729 | 44,789 | |
| 388,932 | 231,865 | ||
| Other trading activities | |||
| Rents received | 42,000 | 42,000 | |
| Investment income |
|||
| Deposit account | interest | 87 | |
| Charitable acHvIRes |
|||
| Sale oftickets and Senior Citizen Club | 5,702 | 11,898 | |
| Hall hire | 111,191 | ||
| Sporting activities | 800 | ||
| 117,693 | 11,898 | ||
| Other income | |||
| Grants received | 51,068 | ||
| Insurance claims |
25,000 | ||
| 25,000 | 51,068 | ||
| Total Incoming resources | 573,626 | 336,918 | |
| EXPENDITURE | |||
| Raising donations | and legacies | ||
| Wages | 23,994 | 5,656 | |
| Rent | 33,750 | 30,000 | |
| Rates and water | 121 | 446 | |
| Insurance | 1,098 | 665 | |
| Light and heat | 15,706 | 9,721 | |
| Telephone | 1,223 | 1,221 | |
| Postage and stationery | 54 | 897 | |
| Repairs and maintenance | 1,295 | 467 | |
| Subscriptions | 200 | 100 | |
| Donations | I CO | ||
| Siropas | 12,457 | 29,697 | |
| Langar, parshad | and sundries | 15,036 | 6,771 |
| Cleaning and waste disposal |
1,594 | 2,888 | |
| Advertising | 184 | 340 | |
| Bank charges | 9,718 | 1,858 | |
| Website costs | 65 | 434 | |
| Camed forward | 116,595 | 91,161 |
| 2022 | 2021 | |||
|---|---|---|---|---|
| Raising donations | and legacies | |||
| Brought forward | 116,595 | 91,161 | ||
| Secudity costs | 1,008 | |||
| 117,603 | 91,161 | |||
| Charitable actIYIBes |
||||
| Wages | 4,675 | 8,259 | ||
| Rates and water | (18,679) | 7,483 | ||
| Insurance | 4,300 | 4,957 | ||
| Light and heat | 8,867 | 2,617 | ||
| Telephone | 614 | 644 | ||
| Postage and stationery | 296 | 10 | ||
| Advertising | 750 | 249 | ||
| Sunddies | 3,707 | 827 | ||
| Hall supervision | 4,625 | |||
| Secudity costs | 5,009 | |||
| Events | 899 | |||
| Repairs and maintenance | 5,595 | 5,685 | ||
| Donations | 5,000 | |||
| Cleaning and | waste disposal | 13,833 | 1,018 | |
| Motor and travel | expenses | 3,393 | ||
| Bank charges | 650 | 287 | ||
| Disallowed VAT |
(3.465) | |||
| Depreciation | offixtures and fittings | 13,142 | 14.945 | |
| Bank loan interest | 831 | |||
| Mortgage interest | 92,828 | 63,528 | ||
| 141,942 | 115,437 | |||
| Supportcosts | ||||
| Governance | costs | |||
| Auditors' remuneration |
6,000 | 5,000 | ||
| Accountancy | and legal fees | 2,702 | 1,936 | |
| 8,702 | 6,936 | |||
| Total resources | expended | 268,247 | 213,534 | |
| Net income | 305,379 | 123,384 |