|Contents ofthe Fmanciat Statements||||
|---|---|---|---|
|FOR THE YEARENDED 31MARCH 2023||||
|||Paje||
|Report ofthe Trnstees||||
|Inde pendent Examiner's<br>Report||21||
|Statement ofBnaactal Activities||3:.||
|Entente Sheet||4'||
|Notes to the Financial Statements|5|ta|10|
|Detailed Statement ofFinancial Activitks||||





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## 

## 



||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<br>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<br>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<br>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<br>fitnds|||||1,615,793|1,531,511|
|TOTAL FUNDS|||||1,615,793|),53)4) 1|






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||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<br>ended|
||31 March 2022.||||||||||
||Trustees<br>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<br>t'he year was as follows:|||||
|||||||||31.323||31.3.22|
||Employees||||||||6|5|
||No employees<br>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<br>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. ..|





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|||||||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|.<br>'|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<br>falling 'due||within one year||on demand:||||||
||Bank loans||||||||85,167||
||Amounts<br>faliing between one|||and two years:|||||||
||Bank loans|- 1-2years|||||||86,000||
||Amounts<br>felling due||benve. n|two and five years:|||||||
||Bank loans|- 2-5years||||||247,790|7258,000||
||Amounts<br>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<br>;in knds|31.3.73||
||||||||f|f|||
||Ilnrestricted<br>funds||||||||||
||General<br>fund|||||1331,511||84"82|I 615r793||
||TOTAL FUNDS|||||1331,511||84,282|1,615,793||
||||||Page 8||||continuerI.|.|





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## 

|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<br>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<br>f|expetltlctl|m funds<br>f|
|Unrestricted||funds|||||||
|General|fund|||||302,945|(I85.583)|117362|
|TOTALFUNDS||||||30L945|(185,583)|117,362|
|A current year 12months and||||prior year 12months<br>combined||position is as follows:|||
||||||||Nct||
||||||||movemerrt|At|
|||||||At 1.4.2i|m funds<br>f|313Mr<br>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<br>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<br>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<br>donations nad legachn<br>Behta and langar costs|||83,961|7r 107|
|Support costs|||||
|Manageraent|||||
|Wager|||77,978|53,925|
|Rates and water|||439|325|
|Light snd heat<br>Telqrhone|||25,025<br>362|16,048<br>605|
|Gleaning Expenses|||3,348|2 808|
|Laundry<br>expenses||||176|
|Repairs sh renewals|||34,892|Ie 945|
|Depn -Fixt ZcFitts|||1,496|175|
|Donabons|||612|5,712|
|Professional<br>Fess|||950|850|
||||145,102|93r569|
|Finance|||||
|Bank charges|||21|120|
|Bank<br>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|