**REGISTERED CHARITY NUMBER: 1118356** **Report of the Trustees and Unaudited Financial Statements for the Year Ended 31 March 2021 for LONDON SIKH CENTRE (EALING)** Sagoo & Co Chartered Accountants 63 The Grove Ealing London W5 5LL **LONDON SIKH CENTRE (EALING)** **Contents of the Financial Statements FOR THE YEAR ENDED 31 MARCH 2021** ||Page| |---|---| |Report of the Trustees|1| |Independent Examiner's Report|2| |Statement of Financial Activities|3| |Balance Sheet|4| |Notes to the Financial Statements|5 to 8| |Detailed Statement of Financial Activities|9| **LONDON SIKH CENTRE (EALING)** ## **Report of the Trustees FOR THE YEAR ENDED 31 MARCH 2021** The trustees present their report with the financial statements of the charity for the year ended 31 March 2021. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) 'Accounting and Reporting by Charities' issued in March 2005. ## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number** 1118356 ## **Principal address** Sawyers Lane Drayton Bridge Road West Ealing London W13 0JP ## **Trustees** RS Gidar GH Chada GS Gujral R S Ranger ## **Independent examiner** MR Sukhdev Sagoo , BSc . MSc , F.C.A I.C A E.W Sagoo & Co Chartered Accountants 63 The Grove Ealing London W5 5LL ## **STRUCTURE, GOVERNANCE AND MANAGEMENT** ## **Governing document** The charity is controlled by its governing document, a deed of trust, and constitutes an unincorporated charity. ## **Risk management** The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. Approved by order of the board of trustees on ............................................. and signed on its behalf by: ............................................. Trustee Page 1 ## **Independent Examiner's Report to the Trustees of London Sikh Centre (Ealing)** I report on the accounts for the year ended 31 March 2021, which are set out on pages three to eight. ## **Responsibilities and basis of report** As the charity's trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act'). I have examined your charity's accounts as required under section 145 of the Charities Act 2011 ('the Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. My role is to state whether any material matters have come to my attention giving me cause to believe: 1. that accounting records were not kept as required by section 130 of the Act; or 2. that the accounts do not accord with those records; or 3. that the accounts do not comply with the accounting requirements of the Act; or 4. that there is further information needed for a proper understanding of the accounts. ## **Independent examiner's statement** I have completed my examination and have no concerns in respect of the matters (1) to (4) listed above and, in connection with following the Directions of the Charity Commission I have found no matters that require drawing to your attention. MR Sukhdev Sagoo , BSc . MSc , F.C.A I.C A E.W Sagoo & Co Chartered Accountants 63 The Grove Ealing London W5 5LL Date: ............................................. Page 2 ## **LONDON SIKH CENTRE (EALING)** ## **Statement of Financial Activities FOR THE YEAR ENDED 31 MARCH 2021** |Unrestricted
funds
Notes
£
**INCOMING RESOURCES**
**Incoming resources from generated funds**
Voluntary income
104,528
Activities for generating funds
2
-
**Total incoming resources**
104,528
**RESOURCES EXPENDED**
**Costs of generating funds**
Costs of generating voluntary income
3
99,797
**NET INCOMING RESOURCES**
4,731
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
1,409,418
**TOTAL FUNDS CARRIED FORWARD**
1,414,149|Restricted
fund
£
-
-
-
-
-
-
-|31.3.21
Total
funds
£
104,528
-
104,528
99,797
4,731
1,409,418
1,414,149|31.3.20
Total
funds
£
280,267
755| |---|---|---|---| ||||281,022
219,076| ||||61,946
1,347,472| ||||1,409,418| The notes form part of these financial statements Page 3 ## **LONDON SIKH CENTRE (EALING)** ## **Balance Sheet AT 31 MARCH 2021** |Unrestricted
funds
Notes
£
**FIXED ASSETS**
Tangible assets
6
3,088,906
**CURRENT ASSETS**
Debtors
7
3,172
Cash at bank and in hand
(36,669)
(33,497)
**CREDITORS**
Amounts falling due within one year
8
(109,665)
**NET CURRENT ASSETS/(LIABILITIES)**
(143,162)
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
2,945,744
**CREDITORS**
Amounts falling due after more than one year
9
(1,531,595 )
**NET ASSETS**
1,414,149
**FUNDS**
10
Unrestricted funds
**TOTAL FUNDS**|Restricted
fund
£
-
-
-
-
-
-
-
-
-|31.3.21
Total
funds
£
3,088,906
3,172
(36,669)
(33,497)
(109,665)
(143,162)
2,945,744
(1,531,595 )
1,414,149
1,414,149
1,414,149|31.3.20
Total
funds
£
3,089,139
3,172
(2,776)
396
(108,816)
(108,420)
2,980,719
(1,571,301 )
1,409,418
1,409,418
1,409,418| |---|---|---|---| The financial statements were approved by the Board of Trustees on ............................................. and were signed on its behalf by: ............................................. Trustee The notes form part of these financial statements Page 4 **LONDON SIKH CENTRE (EALING)** ## **Notes to the Financial Statements FOR THE YEAR ENDED 31 MARCH 2021** ## **1. ACCOUNTING POLICIES** ## **Accounting convention** The financial statements have been prepared under the historical cost convention, and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008), the Charities Act 2011 and the requirements of the Statement of Recommended Practice, Accounting and Reporting by Charities. ## **Incoming resources** All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy. ## **Resources expended** Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. ## **Tangible fixed assets** Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Fixtures and fittings - 25% on reducing balance ## **Taxation** The charity is exempt from tax on its charitable activities. ## **Fund accounting** Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. ## **2. ACTIVITIES FOR GENERATING FUNDS** |Sundry income
**3.**
**COSTS OF GENERATING VOLUNTARY INCOME**
Behta and langar costs
Support costs|31.3.21
£
-
31.3.21
£
11,575
88,222
99,797|31.3.20
£
755
31.3.20
£
41,882
177,194| |---|---|---| |||219,076| ## **4. TRUSTEES' REMUNERATION AND BENEFITS** There were no trustees' remuneration or other benefits for the year ended 31 March 2021 nor for the year ended 31 March 2020 . ## **Trustees' expenses** There were no trustees' expenses paid for the year ended 31 March 2021 nor for the year ended 31 March 2020 . Page 5 **LONDON SIKH CENTRE (EALING)** ## **Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 MARCH 2021** ## **5. STAFF COSTS** |31.3.21
£
Wages and salaries
36,960
The average monthly number of employees during the year was as follows:
31.3.21
Employees
-
No employees received emoluments in excess of £60,000.
**6.**
**TANGIBLE FIXED ASSETS**
Freehold
Fixtures and
property
fittings
£
£
**COST**
At 1 April 2020 and 31 March 2021
3,088,208
34,983
**DEPRECIATION**
At 1 April 2020
-
34,052
Charge for year
-
233
At 31 March 2021
-
34,285
**NET BOOK VALUE**
At 31 March 2021
3,088,208
698
At 31 March 2020
3,088,208
931
**7.**
**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
31.3.21
£
Other debtors
3,172
**8.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
31.3.21
£
Bank loans and overdrafts
101,316
Trade creditors
(1)
Other creditors
8,350
109,665|31.3.20
£
57,890
31.3.20
7
Totals
£
3,123,191|31.3.20
£
57,890
31.3.20
7
Totals
£
3,123,191|31.3.20
£
57,890| |---|---|---|---| ||34,052
233||| ||34,285||| ||3,088,906||| ||3,089,139||| |||31.3.20
£
3,172
31.3.20
£
103,966
-
4,850|| |||108,816|| Page 6 **LONDON SIKH CENTRE (EALING)** ## **Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 MARCH 2021** ## **9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR** |Bank loans
Other creditors
Amounts falling due in more than five years:
Repayable by instalments:
Bank loans more 5 yr by instal
Repayable otherwise then by instalments:
Interest free loan
**10.**
**MOVEMENT IN FUNDS**
**Unrestricted funds**
General fund
**TOTAL FUNDS**
Net movement in funds, included in the above are as follows:
**Unrestricted funds**
General fund
**TOTAL FUNDS**
**Comparatives for movement in funds**
**Unrestricted Funds**
General fund
**TOTAL FUNDS**|31.3.21
31.3.20
£
£
1,120,095
1,159,801
411,500
411,500
1,531,595
1,571,301
714,831
743,936
411,500
411,500
Net movement
At 1.4.20
in funds
At 31.3.21
£
£
£
1,409,418
4,731
1,414,149
1,409,418
4,731
1,414,149
Incoming
Resources
Movement in
resources
expended
funds
£
£
£
104,528
(99,797)
4,731
104,528
(99,797)
4,731
Net movement
At 1.4.19
in funds
At 31.3.20
£
£
£
1,347,472
61,946
1,409,418
1,347,472
61,946
1,409,418|31.3.20
£
1,159,801
411,500|31.3.20
£
1,159,801
411,500| |---|---|---|---| |||1,571,301|| |||743,936
411,500
At 31.3.21
£
1,414,149|743,936| ||||411,500| |||1,414,149|| |||1,409,418|| ||||| ||||| ||||| |||1,409,418|| ||||| Page 7 **LONDON SIKH CENTRE (EALING)** ## **Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 MARCH 2021** ## **10. MOVEMENT IN FUNDS - continued** Comparative net movement in funds, included in the above are as follows: ||Incoming|Resources|Movement in| |---|---|---|---| ||resources|expended|funds| ||£|£|£| |**Unrestricted funds**|||| |General fund|281,022|(219,076)|61,946| |**TOTAL FUNDS**|281,022|(219,076)|61,946| ||||| A current year 12 months and prior year 12 months combined position is as follows: |**Unrestricted funds**
General fund
**TOTAL FUNDS**|Net movement
At 1.4.19
in funds
£
£
1,347,472
66,677
1,347,472
66,677|At 31.3.21
£
1,414,149| |---|---|---| |||1,414,149| A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: ||Incoming|Resources|Movement in| |---|---|---|---| ||resources|expended|funds| ||£|£|£| |**Unrestricted funds**|||| |General fund|385,550|(318,873)|66,677| |**TOTAL FUNDS**|385,550|(318,873)|66,677| Page 8 **LONDON SIKH CENTRE (EALING)** ## **Detailed Statement of Financial Activities FOR THE YEAR ENDED 31 MARCH 2021** |**INCOMING RESOURCES**
**Voluntary income**
Gifts
Donations
Gift aid
**Activities for generating funds**
Sundry income
**Total incoming resources**
**RESOURCES EXPENDED**
**Costs of generating voluntary income**
Behta and langar costs
**Support costs**
**Management**
Wages
Rates and water
Insurance
Light and heat
Telephone
Cleaning Expenses
Laundry expenses
Legal fees
Repairs & renewals
Depn -Fixt & Fitts
Refuse expense
Donation JS Uppal Foundation
Sikh Channel-donation
Professional Fess
**Finance**
Bank charges
Bank interest
Bank loan interest
**Other**
Sundries
**Total resources expended**
**Net income**|31.3.21
£
2
90,599
13,927
104,528
-
104,528
11,575
36,960
3,120
-
12,452
1,529
1,513
336
8,656
2,286
233
-
-
612
750
68,447
564
1,378
16,806
18,748
1,027
99,797
4,731|31.3.20
£
2
269,074
11,191| |---|---|---| |||280,267
755| |||281,022
41,882
57,890
487
2,450
21,737
1,925
5,693
1,067
-
48,477
311
3,510
3,450
612
750| |||148,359
563
23
26,062| |||26,648
2,187| |||219,076| |||61,946| This page does not form part of the statutory financial statements Page 9