2020-08-31-accounts

Report ofthe Trustees	1	to	5
Report ofthe independent Auditor	6	to	9
Statement ofFinancial Activities		10
Balance Sheet
Notes to the Financial Statements	12	to	19

							Period
							1.7.18
						Year Ended	to
						31.8.20	31.&.19
				Unrestricted	Restricted	Total	Total
				fund	funds	funds	funds
			Notes		I		f.
INCOME	AND ENDOWMENTS FROM
Donations	and legacies			25,230		25430	118,452
Other trading activities			3	40,223		40/23	37,766
Investment	income		4	7		7	15
Total				65,460		65,460	156,233
EXPENDITURE ON
Raising funds						fV83	33,626
Charitable	activities
Tuition				7„924		7,924	51,549
Premises				20,764	117,832	138,596	159,433
Religious	support			30P&9		30,909	1&,804
Total				67,880	117,832	185,712	263,412
NET INCOME/(EXPENDITURE)				(2,420)	(117,832)	(120452)	(107,179)
RECONCILIATION		OFFUNDS
Total funds brought forward				826,027	4,958,150	5,784,177	5,&91,356
TOTAL FUNDS CARRIED FORWARD				823,607	4,84031&	5,663,925	5,784,177

				2020	2019
		Unrestricted	Restricted	Total	Total
	Notes	fund f	funds	funds 8	fundsf
FIXEDASSETS
Tangible assets	10	757,452	4,850301	5,607,753	5,725,585
CURRENT ASSETS
Debtors	1 1	34,416		34,416	42,381
Cash at bank		58,094	12316	70,410	61,885
		92,510	12316	104,826	104,266
CREDITORS
Amounts falling due within one year	12	(26355)	(22,299)	(48,654)	(45,674)
NET CURRENT ASSETS		66,155	(9,9$3)	56,172	58,592
TOTAL ASSETSLESSCURRENT
LIABILITIES		823,607	4,840318	5,663,925	5,784,177
NET ASSETS		823,607	4,840318	5,663,925	5,784,177
FUNDS
Unrestricted funds				823,607	826,027
Restricted funds				4,840/18	4,958,t50
TOTALFUNDS				5„663,925	5,784 177

			Period
			1.7.18
		Year Ended	to
		31.8.20	31.8.19
		8
Fundraising	events	7,230	16,400
Grant income		6,186
Letnngs income		3,785	2,425
Sunday school fees		23,022	18,941
		40,223	37,766

INVESTMENT INCOME
			Period
			1.7.18
		Year Ended	to
		31.8.20	31.8.19
Deposit account interest		7	15
GRANTS PAYABLE
			Period
			1.7.18
		Year Ended
		31.8.20	31.8.19
		8	8
Tuition			15,000
Premises		7,977	7,812
Religious support			425
		7,977	23,237
The total grants paid to institutions	during the year was as follows:
			Period
			1.7.18
		Year Ended	to
		31.8.20	31.8.19
		8
Grants to Khalsa Primary School		7,977	22,812
Khalsa Primary School PTA			425
		7,977	23,237

			Period
			1.7.18
		Year Ended	to
		31.8.20	31.8.19
			I
Auditor's	remuneration	3,120	3,240
Depreciation - owned assets		I)7,832	137,471

STAF	FCOSTS
			Period
			1.7.18
		Year Ended	to
		31,8,20	31.8.19
			f.
Wages	and salaries	28,756	39,979
Other	pension costs	146	185
		28J02	40,164

			Period
			1.7.18
		Year Ended	to
		312)20	31.8.19
Priest		I	1
Sunday	school	11	11
			12

	COMPARATIVKS FORTIIKSTATEMENT OFFINANCIAL ACTIVITIES	COMPARATIVKS FORTIIKSTATEMENT OFFINANCIAL ACTIVITIES
		Unrestricted	Restricted	Total
		fund	funds	funds
	INCOME AND ENDOWMENTS FROM
	Donations and legacies	118,452		118,452
	Other trading activities	37,766		37,766
	Investment income	15		15
	Total	156,233		156,233
	EXPENDITURE ON
	Raising funds	33,626		33.626
	Charitable activities
	Tuition	51,549		51,549
	Premises	21,963	137,470	159,433
	Religious support	18,804		18,804
	Tontf	125,942	137,470	263,412
	NET INCOME/(EXPENDITURE)	30,291	(137,470)	(107,179)
	Transfers between funds	(33,567)	33,567
	Net movement in funds	(3,276)	(103,903)	(107,179)
	RECONCILIATION OFFUNDS
	Total funds brought forward	829,303	5,062,053	5,891,356
	TOTAL FUNDS CARRIED FORWARD	826,027	4,958,150	5,784,177
10.	TANGIBLE FIXEDASSETS
				Freehold
				property
	COST
	At 1 September 2019and 31 August 2020			7,151/24
	DEPRECIATION
	At 1 Septemher 2019			19425,739
	Charge for year			117)$32
	At 31 August 2020			1,543,571
	NET BOOK VALIJE
	At 31August 2020			5,607,753
	At 31August 2019			5,725,585

		2020	2019
		8
Bank loans and overdraAs	(see note 13)	24,615	24,615
Trade creditors		4/63	5,959
Social security and other	taxes	304	186
Salaries Control		9,172	4,413
Accrued expenses		10,200	5,160
Deferred income- school	fees		5,341
			45,674

		2020	2019
		8
Bank	overdrafls	24,615	24,615

MOVEMENT	IN FUNDS
					Net
					movement	At
				At 1.9.19	in funds	31.8.20
Unrestricted	funds
General gmds				826,027	(2,420)	$23,607
Restricted funds
School Building				4,95$,150	(117,832)	4,840318
TOTAL FUNDS				5,784,177	(120452)	5,663,925
Net movement	in funds, included		in the above are as follows:
				lncotning	Resources	Movement
				resources	expended	in funds
				f		f
Unrestricted	funds
General funds				65,460	(67,8$0)	(2,420)
Restricted funds
School Building					(117,832)	(117,832)
TOTAL FUNDS				65,460	(185,712)	(120,252)
Comparatives	for movement	in	funds
				Net	Transfers
				movement	between	At
			At i.7.18	in funds	funds	31.8.19
				f
Unrestricted	funds
General funds			829,303	30,291	(33,567)	826,027
Restricted funds
School Building			5,062,053	(137,470)	33,567	4,958,150
TOTALFUNDS			5,891,356	(107,179)		5,784,177

	Incoming	Resources	Movement
	resources	expended f	in (unde i'.
Unrestricted funds
General funds	156,233	(125,942)	30,291
Restricted funds
School Building		(137,470)	(137,470)
TOTAL FUNDS	156,233	(263,412)	(107,179)