| Contents ofthe Fmanciat Statements | |||
|---|---|---|---|
| FOR THE YEARENDED 31MARCH 2023 | |||
| Paje | |||
| Report ofthe Trnstees | |||
| Inde pendent Examiner's Report |
21 | ||
| Statement ofBnaactal Activities | 3:. | ||
| Entente Sheet | 4' | ||
| Notes to the Financial Statements | 5 | ta | 10 |
| Detailed Statement ofFinancial Activitks |
| LONDON SIKH CENTRE (EALING) | LONDON SIKH CENTRE (EALING) | LONDON SIKH CENTRE (EALING) | |||
|---|---|---|---|---|---|
| Statement ofBnanctat Activities | |||||
| FORTIIEYEARENDED 31l4IARCH | 2023 | ||||
| : 31.323 | 31322 | ||||
| Unrestricted | Restricted | Total | Total | ||
| funds | fund | funds | funds | ||
| Notes | 8 | ||||
| INcoME AND KNDosvMENTs | FRoM | ||||
| Donations and legacies |
361,981 | ' 36tg81 | 302,945 | ||
| EXPENDITURE ON | |||||
| Rmstng funds | 2 | 277,699 | 277.699 | 185.583 | |
| NET INCOME | 84,282 | 84,282 | 117,362 | ||
| RECONCILIATION 0FFUNDS | |||||
| Total funds brought forvnnd | 1,531,511 | :,1,531411 | 1,414,149 | ||
| TOTAL FUNDS CARRIED FORWARD | ],615,793 | ,1,615,793 | 1,531,511 |
| Balance Shmt | Balance Shmt | |||||
|---|---|---|---|---|---|---|
| 31 | MARCH 2023 | |||||
| 3).3M | 31322 | |||||
| Unrestricted | Rmtrtc ted | Total | Total | |||
| funds | fund | funds | funds | |||
| Notes | ||||||
| FIXED A'SSETS | ||||||
| Tangible assets | 6 | 3,096,684 | 3,088,732 | |||
| CURRENT ASSETS | ||||||
| Debtors | 3,172 | |||||
| Cash at ban)r and | io hand | 38,813 | 38,813 | 49/30 | ||
| 38,813 | 38,813 | 52,502 | ||||
| CREDITORS | ||||||
| Amounts falling |
due within one year | 8 | (91,079) | (91,079) | (94,166) | |
| NET CURRENT ASSETS | (5oo66) | (52366) | (41,664) | |||
| TOTAL ASSETSLESSCURRENT | ||||||
| LIABILITIES | 3,044,418 | 3,044,418 | 3,047,068 | |||
| CREDITORS | ||||||
| Amounts falling |
due atter more than oneymr | 9 | (1,428,625) | (1,428,625) | (1,5I5457 ) | |
| NETASSETS | 1,615,793. | 1,615,793 | (431,511 | |||
| FUNDS | ||||||
| Unrestricted fitnds |
1,615,793 | 1,531,511 | ||||
| TOTAL FUNDS | 1,615,793 | ),53)4) 1 |
| Raising donations | and | legacies | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 31.323 | 313. v | |||||||||
| f | ||||||||||
| Behta and langar costs | i | 83,961 | 72,107 | |||||||
| Support costs | 193,738 | 113,476 | ||||||||
| 277,699 | 185,583 | |||||||||
| 3. | TRUSTEES' REMUNERATION | AND BENEFITS | ||||||||
| There were no~ remuneration | or other benefits for the | year ended 31 March | $ | 023 nor for | the year ended |
|||||
| 31 March 2022. | ||||||||||
| Trustees expenses |
||||||||||
| There were no trustees | expenses paid for the year ended 31March 2023 nor for the year | Fnded 31 March 2022. | ||||||||
| 4. | STAFF COSTS | |||||||||
| Tbe average monthly | number ofemployees | dunng t'he year was as follows: |
||||||||
| 31.323 | 31.3.22 | |||||||||
| Employees | 6 | 5 | ||||||||
| No employees received |
emolumems | in excess of860,000. | ||||||||
| 5. | COMPARATIVRS | FORTHE.STATEMENT OF FINANCIAL ACTIVITIES | ||||||||
| Unrestricted | ;. | Restricted | Torsi | |||||||
| funds | fund | funds | ||||||||
| f | f | |||||||||
| INCOfvfE AND ENDOWMENTS | FROM | |||||||||
| Donalions and legacies |
302,945 | 302,945 | ||||||||
| EXPENDITURE ON | ||||||||||
| Raising funds | 185,583 | 185,583 | ||||||||
| NET INCOME | 117;362 | 117362 | ||||||||
| RECONCILIATION | OFFUNDS | |||||||||
| TOtal 'fimds brcught | fortcard | 1,414,149 | 1,414,149 | |||||||
| TOTAL FUNDS CARRIED FORWARD | 133L511 | 143L511 | ||||||||
| Pave6 | continued. .. |
| Fixtures | |||||||
|---|---|---|---|---|---|---|---|
| Freehold | Plant and | and | |||||
| Property | machinery | , | Sttings | Totals | |||
| COST | |||||||
| At I April 2022 | 3,088 s08 | ' | 34,983 | 3,123,191 | |||
| Additions | 7,848 | 1,600 | 9,448 | ||||
| At 31March 2023 | 3,088,208 | , | 36,583 | 3,132,639 | |||
| DEPREA IATION | |||||||
| At I April 202? | l | 34,459 | 34,459 | ||||
| Charge for year | 1,177 | 319 | 1,496 | ||||
| At31March 2023 | 1,177 | ) | 34,778 | 35,955 | |||
| NET BOOKVALUE | |||||||
| At 31March 2023 | 3,088 "08 | 6,671 | . ' |
1,805 | 3,096,684 | ||
| At 31 March 2022 | 3,088 s08 | 524 | 3.088.732 | ||||
| DEBTORS:AMOUNTS | FALLING DUE | WITHIN ONK YEAR | |||||
| 31.322 | |||||||
| 3,172 | |||||||
| 8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||
| 3L323 | 31.322 | ||||||
| Bank loans and averdrahs | (see nate 10) | '; | 86,000 | 85,]67 | |||
| Trade creditors | (1) | ||||||
| Other rn:ditars | 5,079 | 9,000 | |||||
| 91,079 | 94,166 |
| LONDON SIKH CENTRE (EALING) | LONDON SIKH CENTRE (EALING) | LONDON SIKH CENTRE (EALING) | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Notes | tothe Financial Statements | —continued | ||||||||
| FOR | THE YEAR ENDED 31MARCH 2023 | |||||||||
| 9, | CREDITORS: AMOUNTS | FALLING DUE AFTER MORE | THAN ONE YEAR | |||||||
| 313.23 | 3l377 | |||||||||
| f | ||||||||||
| Bank loans | isee note | 10) | 1,035,475 | 1,122;407 | ||||||
| Other creditors | B93,150 | 393,150 | ||||||||
| 1,428,625 | 1,5)5,557 | |||||||||
| 10. | LOANS | |||||||||
| An analysis | ofthe maturity ofInane | rs given below: | ||||||||
| 313.723 | 31.3.22 | |||||||||
| Amounts falling 'due |
within one year | on demand: | ||||||||
| Bank loans | 85,167 | |||||||||
| Amounts faliing between one |
and two years: | |||||||||
| Bank loans | - 1-2years | 86,000 | ||||||||
| Amounts felling due |
benve. n | two and five years: | ||||||||
| Bank loans | - 2-5years | 247,790 | 7258,000 | |||||||
| Amounts falling due |
in moce than frve years: | |||||||||
| Repayable | by instalments: | |||||||||
| Bauk loans | mote 5yr by instal | 701,685 | 778,407 | |||||||
| Repayable | otherwise | than by instalments: | ||||||||
| Interest I'ree loan | $93,150 | 393,150 | ||||||||
| 11. | MOVEMENT IN HIM% | |||||||||
| Net | ||||||||||
| rhovemciit | At | |||||||||
| At | 1.4 77 | i ;in knds |
31.3.73 | |||||||
| f | f | |||||||||
| Ilnrestricted funds |
||||||||||
| General fund |
1331,511 | 84"82 | I 615r793 | |||||||
| TOTAL FUNDS | 1331,511 | 84,282 | 1,615,793 | |||||||
| Page 8 | continuerI. | . |
| Net movement | Net movement | in fimds, included | in fimds, included | in fimds, included | in the above are as follov a: | |||
|---|---|---|---|---|---|---|---|---|
| Incoming | Resoutcm | Movemcnt | ||||||
| resources | expended | in fimds f |
||||||
| Unrestricted | funds | |||||||
| Genteel | fund | 361,981 | 77,699) | 84,282 | ||||
| TOTAL | FUNDS | 361,981 | 1277,699) | 84,282 | ||||
| Comparativcs | for movement | in | funds | |||||
| Net | ||||||||
| thovement | At | |||||||
| At 1.4.21 | ,in funds | 31322 | ||||||
| f | ||||||||
| Unrestricted | funds | |||||||
| Genend | fu ad | 1,414,149 | ,117,362 | 1,531511 | ||||
| TOTAL | FUNDS | 1,414,149 | 1)7,362 | 1,531,511 | ||||
| Comparative | net movement | in | funds, included lnthe above are as follows: | |||||
| Inconung | Resources | Movement | ||||||
| resources f |
expetltlctl | m funds f |
||||||
| Unrestricted | funds | |||||||
| General | fund | 302,945 | (I85.583) | 117362 | ||||
| TOTALFUNDS | 30L945 | (185,583) | 117,362 | |||||
| A current year 12months and | prior year 12months combined |
position is as follows: | ||||||
| Nct | ||||||||
| movemerrt | At | |||||||
| At 1.4.2i | m funds f |
313Mr f |
||||||
| Unrestricted | funds | |||||||
| Generd | fund | 1,414,149 | 201,644 | 1,615,793 | ||||
| TOTAL | FUNDS | 1,414,149 | 201,644 | 1,615,793 |
| incoming | Rceourcee | Movement | |||
|---|---|---|---|---|---|
| resources | expended | in funds f |
|||
| Uurestricted | fuads | ||||
| General fund | 664,926 | I463 nS21 | 201,644 | ||
| TOTAL FUNDS | 664,926 | ~463 n82'I | 201,644 | ||
| 12. | RELATED | PARTY DISCLOSURES |
| LONDON SIKH CENTRE iEALING) | ||||
|---|---|---|---|---|
| Detsikd Statement ofFinancial Acti@Ides | ||||
| FOR THE YEAR ENDED 31MARCH 2023 | ||||
| 313?3I | 31322 6 |
|||
| INCO~ AND | ENDOWMENTS | |||
| Donations and lagachn | ||||
| Gifts | iI) | |||
| Donadons | ' 308,890 | 303,945 | ||
| Gift aid | 53,092 | |||
| 361,981 | 30~,945 | |||
| Total incoming | resources | 361,981 | 30'r 945 | |
| EXPKNDITIIRE | ||||
| Raising donations nad legachn Behta and langar costs |
83,961 | 7r 107 | ||
| Support costs | ||||
| Manageraent | ||||
| Wager | 77,978 | 53,925 | ||
| Rates and water | 439 | 325 | ||
| Light snd heat Telqrhone |
25,025 362 |
16,048 605 |
||
| Gleaning Expenses | 3,348 | 2 808 | ||
| Laundry expenses |
176 | |||
| Repairs sh renewals | 34,892 | Ie 945 | ||
| Depn -Fixt ZcFitts | 1,496 | 175 | ||
| Donabons | 612 | 5,712 | ||
| Professional Fess |
950 | 850 | ||
| 145,102 | 93r569 | |||
| Finance | ||||
| Bank charges | 21 | 120 | ||
| Bank m tercet |
300 | |||
| Bank loan hruaast | 39,516 | 16,964 | ||
| 39337 | 17,384 | |||
| Other | ||||
| Sundries | 9,099 | '7 5'r3 | ||
| Total resources eXpended | 277,699 | 185,583 | ||
| Net income | 84 'r82 | 117,362 |