**REGISTERED CHARITY NUMBER: 1118356**
## **Report of the Trustees and**
**Unaudited Financial Statements for the Year Ended 31 March 2022**
## **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 2022**
|||**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|10|
|**Detailed Statement of Financial Activities**||11||
## **LONDON SIKH CENTRE (EALING)**
## **Report of the Trustees FOR THE YEAR ENDED 31 MARCH 2022**
The trustees present their report with the financial statements of the charity for the year ended 31 March 2022. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
## **STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document**
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
## **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
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)**
## **Independent examiner's report to the trustees of London Sikh Centre (Ealing)**
I report to the charity trustees on my examination of the accounts of London Sikh Centre (Ealing) (the Trust) for the year ended 31 March 2022.
## **Responsibilities and basis of report**
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
## **Independent examiner's statement - matters of concern identified**
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a registered member of I.C A E.W which is one of the listed bodies.
I have completed my examination.
The bookkeeping systems and records are not satisfactory to reflect a complete audit trail of the transactions , however the trustees have agreed to improve the systems in line with our recomendations.
I confirm that no other matters have come to my attention that give me cause to believe that in any material respect:
1. accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
I confirm that there are no other matters to which your attention should be drawn to enable a proper understanding of the accounts to be reached.
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 2022**
|Notes
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
**EXPENDITURE ON**
Raising funds
2
**NET INCOME**
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
**TOTAL FUNDS CARRIED FORWARD**|Unrestricted
funds
£
302,945
185,583
117,362
1,414,149
1,531,511|Restricted
fund
£
-
-
-
-
-|31.3.22
Total
funds
£
302,945
185,583
117,362
1,414,149
1,531,511|31.3.21
Total
funds
£
104,528
99,797|
|---|---|---|---|---|
|||||4,731
1,409,418|
|||||1,414,149|
The notes form part of these financial statements
Page 3
## **LONDON SIKH CENTRE (EALING)**
## **Balance Sheet 31 MARCH 2022**
|Notes
**FIXED ASSETS**
Tangible assets
6
**CURRENT ASSETS**
Debtors
7
Cash at bank and in hand
**CREDITORS**
Amounts falling due within one year
8
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
**CREDITORS**
Amounts falling due after more than one year
9
**NET ASSETS**
**FUNDS**
11
Unrestricted funds
**TOTAL FUNDS**|Unrestricted
funds
£
3,088,732
3,172
49,330
52,502
(110,316)
(57,814)
3,030,918
(1,499,407 )
1,531,511|Restricted
fund
£
-
-
-
-
-
-
-
-
-|31.3.22
Total
funds
£
3,088,732
3,172
49,330
52,502
(110,316)
(57,814)
3,030,918
(1,499,407 )
1,531,511
1,531,511
1,531,511|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|
|---|---|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue 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 2022**
## **1. ACCOUNTING POLICIES**
## **Basis of preparing the financial statements**
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
## **Income**
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
## **Expenditure**
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. 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.
Page 5
continued...
**LONDON SIKH CENTRE (EALING)**
## **Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 MARCH 2022**
## **2. RAISING FUNDS**
## **Raising donations and legacies**
|Behta and langar costs
Support costs|31.3.22
£
72,107
113,476
185,583|31.3.21
£
11,575
88,222|
|---|---|---|
|||99,797|
## **3. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 31 March 2022 nor for the year ended 31 March 2021.
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 31 March 2022 nor for the year ended 31 March 2021.
## **4. STAFF COSTS**
The average monthly number of employees during the year was as follows:
## **5.**
|Employees
No employees received emoluments in excess of £60,000.
**COMPARATIVES FOR THE STATEMENT OF FINANCIAL**
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
**EXPENDITURE ON**
Raising funds
**NET INCOME**
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
**TOTAL FUNDS CARRIED FORWARD**|**ACTIVITIES**
Unrestricted
funds
£
104,528
99,797
4,731
1,409,418
1,414,149||31.3.22
5
Restricted
fund
£
-
-
-
-
-||31.3.21
6
Total
funds
£
104,528
99,797|
|---|---|---|---|---|---|
|||||4,731
1,409,418||
|||||1,414,149||
Page 6
continued...
**LONDON SIKH CENTRE (EALING)**
## **Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 MARCH 2022**
|**6.**
**TANGIBLE FIXED ASSETS**
Fixtures
Freehold
and
property
fittings
£
£
**COST**
At 1 April 2021 and 31 March 2022
3,088,208
34,983
**DEPRECIATION**
At 1 April 2021
-
34,285
Charge for year
-
174
At 31 March 2022
-
34,459
**NET BOOK VALUE**
At 31 March 2022
3,088,208
524
At 31 March 2021
3,088,208
698
**7.**
**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
31.3.22
£
Other debtors
3,172
**8.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
31.3.22
£
Bank loans and overdrafts (see note 10)
101,316
Trade creditors
-
Other creditors
9,000
110,316
**9.**
**CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR**
31.3.22
£
Bank loans (see note 10)
1,056,257
Other creditors
443,150
1,499,407|Totals
£
3,123,191
34,285
174
34,459
3,088,732
3,088,906
31.3.21
£
3,172
31.3.21
£
101,316
(1)
8,350
109,665
31.3.21
£
1,120,095
411,500
1,531,595|
|---|---|
continued...
Page 7
**LONDON SIKH CENTRE (EALING)**
## **Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 MARCH 2022**
## **10. LOANS**
An analysis of the maturity of loans is given below:
|Amounts falling due within one year on demand:
Bank loans
Amounts falling between one and two years:
Bank loans - 1-2 years
Amounts falling due between two and five years:
Bank loans - 2-5 years
Amounts falling due in more than five years:
Repayable by instalments:
Bank loans more 5 yr by instal
Repayable otherwise than by instalments:
Interest free loan
**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**|At 1.4.21
£
1,414,149
1,414,149
Incoming
resources
£
302,945
302,945||31.3.22
£
101,316
101,316
303,948
650,993
443,150
Net
movement
in funds
£
117,362
117,362
Resources
expended
£
(185,583)
(185,583)|31.3.21
£
101,316
101,316
303,948
714,831
411,500
At
31.3.22
£
1,531,511|31.3.21
£
101,316|
|---|---|---|---|---|---|
||||||101,316|
||||||303,948|
||||||714,831
411,500|
|||||1,531,511||
|||||Movement
in funds
£
117,362
117,362||
||||||117,362|
**11. MOVEMENT IN FUNDS**
continued...
Page 8
**LONDON SIKH CENTRE (EALING)**
## **Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 MARCH 2022**
## **11. MOVEMENT IN FUNDS - continued**
## **Comparatives for movement in funds**
|**Unrestricted funds**
General fund
**TOTAL FUNDS**|At 1.4.20
£
1,409,418
1,409,418|Net
movement
in funds
£
4,731
4,731|At
31.3.21
£
1,414,149|
|---|---|---|---|
||||1,414,149|
Comparative net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
**TOTAL FUNDS**|Incoming
resources
£
104,528
104,528|Resources
Movement
expended
in funds
£
£
(99,797)
4,731
(99,797)
4,731|Resources
Movement
expended
in funds
£
£
(99,797)
4,731
(99,797)
4,731|
|---|---|---|---|
||||4,731|
A current year 12 months and prior year 12 months combined position is as follows:
|**Unrestricted funds**
General fund
**TOTAL FUNDS**|At 1.4.20
£
1,409,418
1,409,418|Net
movement
in funds
£
122,093
122,093|At
31.3.22
£
1,531,511|
|---|---|---|---|
||||1,531,511|
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
**TOTAL FUNDS**|Incoming
resources
£
407,473
407,473|Resources
Movement
expended
in funds
£
£
(285,380)
122,093
(285,380)
122,093|Resources
Movement
expended
in funds
£
£
(285,380)
122,093
(285,380)
122,093|
|---|---|---|---|
||||122,093|
continued...
Page 9
**LONDON SIKH CENTRE (EALING)**
## **Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 MARCH 2022**
## **12. RELATED PARTY DISCLOSURES**
There were no related party transactions for the year ended 31 March 2022.
Page 10
## **LONDON SIKH CENTRE (EALING)**
## **Detailed Statement of Financial Activities FOR THE YEAR ENDED 31 MARCH 2022**
||31.3.22|31.3.21|
|---|---|---|
||£|£|
|**INCOME AND ENDOWMENTS**|||
|**Donations and legacies**|||
|Gifts|-|2|
|Donations|302,945|90,599|
|Gift aid|-|13,927|
||302,945|104,528|
|**Total incoming resources**|302,945|104,528|
|**EXPENDITURE**|||
|**Raising donations and legacies**|||
|Behta and langar costs|72,107|11,575|
|**Support costs**|||
|**Management**|||
|Wages|53,925|36,960|
|Rates and water|325|3,120|
|Light and heat|16,048|12,452|
|Telephone|605|1,529|
|Cleaning Expenses|2,808|1,513|
|Laundry expenses|176|336|
|Legal fees|-|8,656|
|Repairs & renewals|12,945|2,286|
|Depn -Fixt & Fitts|175|233|
|Sikh Channel-donation|-|612|
|Donations|5,712|-|
|Professional Fess|850|750|
||93,569|68,447|
|**Finance**|||
|Bank charges|120|564|
|Bank interest|300|1,378|
|Bank loan interest|16,964|16,806|
||17,384|18,748|
|**Other**|||
|Sundries|2,523|1,027|
|Total resources expended|185,583|99,797|
|**Net income**|117,362|4,731|
This page does not form part of the statutory financial statements
Page 11