##
|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)|
##
##