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|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|
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|||||||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|
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||||||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|
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|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|
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|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||
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|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|||||
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||||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|
##
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|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|
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|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|
##
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|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|
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|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|
##
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||||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|
##
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|||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|
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|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|
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|||||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