## 

|||Page||
|---|---|---|---|
|Reference and Admlnhtratlve<br>Details||||
|Report ofthe Trustees|2|to|4|
|Report ofthe Independent<br>Auditors|5|to|7|
|Statemenf of Financial<br>ActlvRles||||
|Balance Sheet||||
|Cash Flow Statement||10||
|Notes tothe Cash Flow Statement||||
|Notes tothe Financial Statements|12|to|20|
|Detailed Statement<br>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<br>Oflice Park||||
||Leicester||||
||Leicestershire||||
||LE4 9LJ||||





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## 

|||||||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<br>actlviRes||||||||
|Hall hire||||111,991||111,991||
|Sale oftickets and|Senior Citizen Club||||5,702|5,702|1 1,898|
|Other trading<br>activities||||42,000||42,000|42,000|
|Investment<br>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<br>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<br>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<br>in funds||||305,379||305,379|123,384|
|RECONCILIATION<br>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<br>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<br>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<br>funds|||4,672,489|4,367,110|
|TOTAL FUNDS|||4,672,489|4,367,110|





## 

||||||2021|
|---|---|---|---|---|---|
||||Notes|||
|Cash flows from operafiing|activities|||||
|Cash generated<br>from operations|||I|372,338|256,227|
|Interest paid||||(93,659)|(63,528)|
|Net cash provided<br>by operating||activities||278,679|192,699|
|Cash flows from Investing|activifies|||||
|Purchase<br>of tangible<br>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<br>in year||||(61,036)|(4,953)|
|Net cash provided<br>by financing||activities||463,124|895416|
|Change<br>in cash and cash|equivalents||in|||
|the reporfing<br>period||||(257,898)|(618,501)|
|Cash and cash equivalents|at the|||||
|beginning<br>ofthe reporfing|period|||272,384|890,885|
|Cash and cash equivalents|atthe|end|of|||
|the reporting<br>period||||14,486|272,384|





## 

|RECONCILIATION<br>OF|RECONCILIATION<br>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<br>for.||||||
|Depreciation<br>charges||||13,142|14,945|
|Interest received||||(1)|(87)|
|Interest paid||||93,659|63,528|
|Decrease<br>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)|





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## 



|2.|DONATIONS<br>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<br>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<br>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|



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## 

|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<br>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<br>activiRes||||||||||
|Sale of tickets|and||Senior Citizen Club||||120|11,778|11,898|
|Other trading|activities||||||42,000||42,000|
|Investment<br>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<br>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<br>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<br>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<br>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<br>and accrued income||||3,134|4,594|
||||||25,209|48,180|





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## 

|CREDITORS: AMOUNTS<br>FALLING DUE WITHIN ONE YEAR|CREDITORS: AMOUNTS<br>FALLING DUE WITHIN ONE YEAR|CREDITORS: AMOUNTS<br>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<br>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<br>falling due within|one year on demand:||||
|Bank loans|||8,438|62,343|
|Amounts<br>falling due between||two and five yeors:|||
|Bank loans<br>—2-5 years|||42,192|50,000|
|Amounts<br>falling due in more than five years:|||||
|Repayable<br>by instalments:|||||
|Bank loans more 5yr by instal|||2,801,188|2,276.351|



## 


## 

## 

|Minimu|m<br>lease payments<br>under non-cancel|lable<br>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<br>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<br>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<br>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<br>net movement<br>in funds, incl|uded<br>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<br>income||||
|Deposit account|interest||87|
|Charitable<br>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<br>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<br>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<br>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<br>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'<br>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|