| CONTENTS | Pages |
|---|---|
| Report ofthe Trustees | 3to 7 |
| Report ofthe Independent Auditors |
8 to 11 |
| Statement of Financial Activities |
12 |
| Balance Sheet | 13 |
| Cash flow Statement | 14 |
| Notes to the Cash flow Statement | 15 |
| Notes to the Financial Statements | 16to 26 |
| Detailed Statement of Financial Activities |
27to 28 |
| 2021 | 2020 | ||||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Tota I | ||||
| fund | fund | funds | funds | ||||
| Notes | E | E | E | E | |||
| INCOME AND ENDOWMENTS | FROM | ||||||
| Donations and legacies |
867 | ||||||
| Charitable activities |
|||||||
| Charitable activities |
803,829 | 803,829 | 743,224 | ||||
| Investment income |
3 | 40,205 | 40,205 | 40,643 | |||
| Total | 844,034 | 844,034 | 784,734 | ||||
| EXPENDITURE ON | |||||||
| Charitable activities |
|||||||
| Staff Costs | 530,848 | 530,848 | 546,757 | ||||
| Premises Costs | 65,304 | 65,304 | 73,254 | ||||
| Support Costs | 73,813 | 73,813 | 102,356 | ||||
| Governance Costs |
22,428 | 22,428 | 4,320 | ||||
| Grants to Institution | 100,000 | 100,000 | |||||
| Total | 792,393 | 792,393 | 726,687 | ||||
| NET INCOME | 51,641 | 51,641 | 58,047 | ||||
| RECONCILIATION OF |
FUNDS | ||||||
| Total funds brought | forward | 484,695 | 484,695 | 426,648 | |||
| TOTAL FUNDS CARRIED FORWARD | 536,336 | 536,336 | 484,695 |
| 2021 | 2020 | |||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | |||
| fund | fund | funds | funds | |||
| Notes | E | E | E | E | ||
| FIXEDASSETS | ||||||
| Tangible assets | 12 | 172,471 | 172,471 | 172,941 | ||
| Investments | 13 | 1 | 1 | 1 | ||
| 172,472 | 172,472 | 172,942 | ||||
| CURRENT ASSETS | ||||||
| Debtors | 14 | 5' 400 | 54,400 | 67,021 | ||
| Cash at bank | and in hand | 330,174 | 330,174 | 269,430 | ||
| 384,574 | 384,574 | 336,451 | ||||
| CREDITORS | ||||||
| Amounts falling due within one year |
15 | (20,710) | (20,710) | (24,698) | ||
| NET CURRENT ASSETS | 363,864 | 363,864 | 311,753 | |||
| TOTAL ASSETSLESSCURRENT LIABILITIES | 536,336 | 536,336 | 484,695 | |||
| NET ASSETS | 536,336 | 536,336 | 484,695 | |||
| FUNDS | ||||||
| Unrestricted | funds | 536,336 | 484,695 | |||
| TOTALFUNDS | 536,336 | 484,695 |
| 2021 | 2020 | ||||
|---|---|---|---|---|---|
| Notes | E | E | |||
| Cash flows from operating | activities | ||||
| Cash generated from operations |
78,382 | 81,966 | |||
| Net cash provided by operating activities |
~78 382 | 81,966 | |||
| Cash flows from investing | activities | ||||
| Purchase oftangible fixed |
assets | (17,638) | (1,032) | ||
| Net cash used in investing | activities | (17'638) | (1,032) | ||
| Change in cash and cash equivalents | in the | ||||
| reporting period |
60,744 | 80,934 | |||
| Cash and cash equivalents | atthe beginning of | ||||
| the reporting period |
269,430 | 188,496 | |||
| Cash and cash equivalents | atthe end | ofthe | |||
| reporting period |
330,174 | 269,430 |
| RECONCILIATION | RECONCILIATION | RECONCILIATION | OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES | OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES | OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES | ||
|---|---|---|---|---|---|---|---|
| 2021 | 2020 | ||||||
| E | E | ||||||
| Net income for the | reporting | period (as per the Statement of Financial | |||||
| Activities) | 51,641 | 58,047 | |||||
| Adjustments | for: | ||||||
| Depreciation | charges | 18,108 | 19,891 | ||||
| Decrease | in debtors | 12,134 | 27,845 | ||||
| Decrease | in creditors | (3,501) | (23,817) | ||||
| Net cash | provided | by operations | 78,382 | 81,966 | |||
| ANALYSIS | OF CHANGES IN NET FUNDS | ||||||
| At 1.4.20 | Cash flow | At31.3.21 | |||||
| E | E | E | |||||
| Net cash | |||||||
| Cash at bank | and | in | hand | 269,430 | 60,744 | 330'174 | |
| 269,430 | 60,744 | 330,174 | |||||
| Total | 269,430 | 60,744 | 330,174 |
| DONATIONS | AND LEGACIES | AND LEGACIES | ||
|---|---|---|---|---|
| 2021 | 2020 | |||
| E | E | |||
| Revenue grants and donations | 867 | |||
| INVESTMENT INCOME | ||||
| 2021 | 2020 | |||
| E | E | |||
| Rents received | 40,205 | 40,643 | ||
| INCOME FROM CHARITABLE ACTIVITIES | ||||
| 2021 | 2020 | |||
| E | E | |||
| Nursery fees | —parental | |||
| contribution | 233,752 | |||
| Early Years Government | ||||
| funding (3-4 | year olds) | 464,949 | ||
| Iob retention | scheme grants | 105,128 | ||
| 803,829 | 743,224 | |||
| Grants received, included | in the above, are as follows: | |||
| 2021 | 2020 | |||
| E | E | |||
| Coronavirus | job retention | scheme | 105,128 |
| CHARITABLE | ACTIVITIES COSTS | |||||
|---|---|---|---|---|---|---|
| Grant | ||||||
| funding | of | |||||
| activities | Support | |||||
| Direct | (see note | costs (see | ||||
| Costs | 6) | note 7) | Totals | |||
| E | E | E | E | |||
| Staff Costs | 530,848 | 530,848 | ||||
| Premises Costs | 65,304 | 65,304 | ||||
| Support Costs | 23,766 | 50,047 | 73,813 | |||
| Governance | Costs | 22,428 | 22,428 | |||
| Grants to Institution | 100,000 | 100,000 | ||||
| 23,766 | 100,000 | 668,627 | 792,393 |
| GRANTS PAYABLE | GRANTS PAYABLE | |||||||
|---|---|---|---|---|---|---|---|---|
| 2021 | 2020 | |||||||
| E | E | |||||||
| Grants to Institution | 100,000 | |||||||
| The total grants | paid to | institutions | during the year was as follows: | |||||
| 2021 | 2020 | |||||||
| E | E | |||||||
| GNNSJ Leeds | 100,000 | |||||||
| 7. | SUPPORT COSTS | |||||||
| Governance | ||||||||
| Management | costs | Totals | ||||||
| E | E | E | ||||||
| Staff Costs | 530,848 | 530,848 | ||||||
| Premises Costs | 65,304 | 65,304 | ||||||
| Support Costs | 50,047 | 50,047 | ||||||
| Governance Costs |
18,108 | 4,320 | 22,428 | |||||
| 664,307 | 4,320 | 668'627 | ||||||
| B. | NET INCOME/(EXPENDITURE) | |||||||
| Net income/(expenditure) | is | stated | after charging/(crediting): | |||||
| 2021 | 2020 | |||||||
| E | E | |||||||
| Auditors' remuneration |
4,320 | 4,320 | ||||||
| Depreciation -owned assets |
18,108 | 19,891 | ||||||
| TRUSTEES' REMUNERATION | AND BENEFITS |
| 2021 | 2020 | |||
|---|---|---|---|---|
| E | E | |||
| Salaries and wages | 483,444 | 470,038 | ||
| Social Security costs | 297310 | 27,114 | ||
| Subcontractors | 9,548 | 41,714 | ||
| Pensions | 8,546 | 7,891 | ||
| 556.546 | 46.757 | |||
| The average number | ofemployee | during the year was: | ||
| 2021 | 2020 | |||
| 28 | 30 |
| COMPARAT | IVES FOR THE STA |
TEMENT OF FINANCIAL A | CTIVITIES | ||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | |||
| fund | fund | funds | |||
| E | E | E | |||
| INCOME AND ENDOWMENTS | FROM | ||||
| Donations | and legacies | 867 | 867 | ||
| Charitable | activities | ||||
| Fundraising | 743,224 | 743,224 | |||
| Investment | income | 40,643 | 40,643 | ||
| Total | 784,734 | 784,734 | |||
| EXPENDITURE ON | |||||
| Charitable | activities | ||||
| Staff Costs | 546,757 | 546,757 | |||
| Premises Costs | 73,254 | 73,254 | |||
| Support Costs | 102,356 | 102,356 | |||
| Governance | Costs | 4,320 | 4,320 | ||
| Total | 726,687 | 726,687 |
| SL | COMPARATIVES | FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued | FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued | ||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | |||
| fund | fund | funds | |||
| E | E | E | |||
| NET INCOME | 58,047 | 58,047 | |||
| RECONCILIATION | OF FUNDS | ||||
| Total funds brought forward | 426,648 | 426,648 | |||
| TOTAL FUNDS CARRIED FORWARD | 484,695 | 484,695 | |||
| 12. | TANGIBLE FIXEDASSETS | ||||
| Fixtures | |||||
| Short | and | ||||
| leasehold | fittings | Totals | |||
| E | E | E | |||
| COST | |||||
| At 1April 2020 | 299,905 | 33,018 | 332,923 | ||
| Additions | 9,463 | 8,175 | 17,638 | ||
| Disposals | (24,773) | (24,773) | |||
| At 31March 2021 | 309,368 | 16,420 | 325,788 | ||
| DEPRECIATION | |||||
| At 1April 2020 | 134,090 | 25,892 | 159,982 | ||
| Charge for year | 12,234 | 5,874 | 18,108 | ||
| Eliminated on disposal |
(24,773) | (24,773) | |||
| At 31March 2021 | 146,324 | 6,993 | 153,317 | ||
| NET BOOK VALUE | |||||
| At 31March 2021 | 163,044 | 9,427 | 172,471 | ||
| At 31March 2020 | 165,815 | 7,126 | 172,941 |
| Nature of | business: Security provider | |||
|---|---|---|---|---|
| Sv | ||||
| Class of share: | holding | |||
| Ordinary | 25 | |||
| 2021 | 2020 | |||
| 6 | E | |||
| Aggregate | capital and reserves | 59,651 | 31,601 | |
| Profit for | the year | 28,052 | 19,845 |
| DEBTORS | ||
|---|---|---|
| 2021 | 2020 | |
| E | E | |
| Amounts falling due within one year: |
||
| Trade debtors | 28,937 | 47,733 |
| Other debtors | 12,381 | 6,898 |
| Prepayments | 3,082 | 2,390 |
| 57,021 |
| 14, | DEBTORS - continued | DEBTORS - continued | |||||
|---|---|---|---|---|---|---|---|
| 2021 | 2020 | ||||||
| E | E | ||||||
| Amounts owed |
by participating | interests | 10,000 | 10,000 | |||
| 10,000 | 10,000 | ||||||
| Aggregate amounts |
54,400 | 67,021 | |||||
| 15. | CREDITORS: AMOUNTS | FALLING DUE WITHIN ONE YEAR | |||||
| 2021 | 2020 | ||||||
| E | E | ||||||
| Trade creditors | 2,937 | 3,862 | |||||
| Amounts owed |
to group | undertakings | 298 | 785 | |||
| Social security and other | taxes | 9,045 | 7,234 | ||||
| Other creditors | 1,628 | 5,158 | |||||
| Accrued expenses | 6,802 | 7,659 | |||||
| 20,710 | 24,698 | ||||||
| 16. | MOVEMENT IN FUNDS |
||||||
| Net | |||||||
| movement | At | ||||||
| At 1.4.20 | in funds | 31.3.21 | |||||
| E | E | E | |||||
| Unrestricted funds |
|||||||
| General fund | 484,695 | 51,641 | 536,336 | ||||
| TOTAL FUNDS | 484,695 | 51,641 | 536,336 | ||||
| Net movement | in funds, | included | in the above are as follows: | ||||
| Incoming | Resources | Movement | |||||
| resources | expended | in funds | |||||
| E | E | E | |||||
| Unrestricted funds |
|||||||
| General fund | 844,034 | (792,393) | 51,641 | ||||
| TOTAL FUNDS | 844,034 | (792,393) | 51,641 |
| Net | ||||
|---|---|---|---|---|
| movement | At | |||
| At 1.4.19 | in funds | 31.3.20 | ||
| E | E | E | ||
| Unrestricted | funds | |||
| General fund | 426,648 | 58,047 | 484,695 | |
| TOTAL FUNDS | 426,648 | 58,047 | 484,695 |
| Incoming | Resources | Movement | ||
|---|---|---|---|---|
| resources | expended | in funds | ||
| E | E | E | ||
| Unrestricted | funds | |||
| General fund | 784,734 | (726,687) | 58,047 | |
| TOTALFUNDS | 784,734 | (726,687) | 58,047 |
| Net | ||||
|---|---|---|---|---|
| movement | At | |||
| At 1.4.19 | in funds | 31.3.21 | ||
| E | E | E | ||
| Unrestricted | funds | |||
| General fund | 426,648 | 109,688 | 536,336 | |
| TOTALFUNDS | 426,648 | 109,688 | 536,336 |
| Incoming | Resources | Movement | ||
|---|---|---|---|---|
| resources | expended | in funds | ||
| E | E | E | ||
| Unrestricted | funds | |||
| General fund | 1,628,768 | (1,519,080) | 109,688 | |
| TOTAL FUNDS | 1,628,768 | (1,519,080) | 109,688 |
| Nishkam | School Trust | 12,000 | 12,000 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
| During the year Guru Nanak Nishkam | Education Trust received the following | services: | ||||||||
| Nishkam | Security Limited | 2,381 | 2,699 | |||||||
| Nishkam | Civic Association | 280 | ||||||||
| Nishkam | School Trust | 9,692 | ||||||||
| During the year the following expenditure | were incurred | on behalf of | Guru | Nanak Niskam | Education Trust: | |||||
| Nishkam | School Trust | 9,214 | 10,020 | |||||||
| At the end ofthe year the following | amounts | were due | by Guru Nanak | Nishkam | Education | Trust: | ||||
| Nishkam | Security Limited | 298 | 785 | |||||||
| Nishkam | School Trust | 1,720 | 5,251 | |||||||
| Guru Nanak Nishkam Sewak Jatha (Birmingham) |
UK | |||||||||
| At the end ofthe year the following | was | owed | to Guru Nanak Nishkam | Education | Trust: | |||||
| Nishkam | Security Limited | 10,000 | 10,000 | |||||||
| Nishkam | School Trust | 5,253 | 6,897 |
| 2021 | 2020 | ||||
|---|---|---|---|---|---|
| E | E | ||||
| Operating | lease commitments | expiring within 8years (2020-9years) | 321,624 | 361,827 | |
| During 2021an operating | lease | was taken out for94 Lady Put Lane from Guru Nanak | Nishkam Sewak Jatha Leeds. |
||
| 2021 | 2020 | ||||
| E | E | ||||
| Operating | lease commitments | expiring within 10years | 400,800 |
| 2021 | 2020 | ||||
|---|---|---|---|---|---|
| E | E | ||||
| INCOME AND ENDOWMENTS | |||||
| Donations and legacies |
|||||
| Revenue grants and | donations | ||||
| Investment income |
|||||
| Rents received | 40,205 | 40,643 | |||
| Charitable activities |
|||||
| Nursery fees - parentalcontribution | 233,752 | 376,618 | |||
| Early Years Government | funding | (3-4year olds) | 464,949 | 366,606 | |
| Job retention scheme grants | 105,128 | ||||
| 803,829 | 743,224 | ||||
| Total incoming resources | 844,034 | 784,734 | |||
| EXPENDITURE | |||||
| Charitable activities |
|||||
| Food | 14,393 | 24,836 | |||
| Nursery equipment |
&activities | 9,199 | 8,809 | ||
| Kitchenware | 174 | 336 | |||
| Grants to institutions | 100,000 | ||||
| 123,766 | 33,981 | ||||
| Support costs | |||||
| Management | |||||
| Salaries - administrative | staff | 483,444 | 470,038 | ||
| Employers Nl - administrative |
staff | 29,310 | 27,114 | ||
| Pensions | gp546 | 7,891 | |||
| Rates, rent, water | and service charges | 55,263 | 63,623 | ||
| Insurance | 3,030 | 2,765 | |||
| Light and heat | 10,041 | 9,631 | |||
| Telephone | 709 | 714 | |||
| Printing, postage and stationery |
10,119 | 8,645 | |||
| Sundries | 2,345 | 4,196 | |||
| Supply teachers | 9,548 | 41,714 | |||
| Premises repairs and renewals | 11,650 | 3,074 | |||
| Cleaning | 8,168 | 5,809 | |||
| Carried forward | 632,173 | 645,214 |
GNNET