SIU NABII ￿ RA,IA SAlllCII TIIUST SIKH TILMPLE CULI'tIRAL & CON￿￿￿NITy CJLNTRJZ Oil NOntNCHAM . NAfvICI Thls Charity Is ¢ulled SRI NA13H IQAMAL RAJA SAHEB TRUS'r (Hcrcinaft¢r ¢alled'Mho Templ¥"I 2. OBJJICYIVJ£S The objects of Templc ai'o.. - lo advance Ihe SIKH Religion and Culture in Nottlngh&m, Aiid its enviro￿$ ftnd for this purpose bill not fiirthttr o* oll)erwi8C' 10 promote spirltUf41 leaching artd ihc observ8n¢es thal serve lo promot¢ and markifest t￿# said t¢llglon. to ediioate cliildteii and adults in the prlnclples of the sa3d TeliEIon. to provid¢ & plfACC of worship for th¢ conduot of marriagwj fllnerols and olher seivi¢ a¢cording to the rites of the sald i'eliglott. (A) (b) (e) lo ftdvance tl)e edueailon of tho SIKH Community ill Nottlnghftm and Its environs including Ihe sooial and physical Irainlng of su¢h pttsDns who aro under the age of 25 yettrs, in a mann¢r consi8l¢nt with the prinoipl¢s oEihe said r¢iigign. to r¢lieve aged membars ofthe SIKH Communlty in Nottlnghatn and its environs, 3. ML'MBEI RSHiP Members Ahall be ¢lasslfl¢d fvllows: Ordinmiy Fald M¢inber. . Any person over18 who is praGtiolng SlI(H. Jubior MembeJ*- a person uudei. the age of18 who will ex¢r¢lseno votlng rights and will bc cx¢mpl from the memberslilp fees. Llfe Member- a person of the Sll(H falth who has pald the sum o££1 to th# Temple ft)I' mrmbership. Hollorllry Lifo Meniber8- 4 dlstinguished person appointed at th¢ dis¢reilott of the Exeoutive Comilllltsewho is knoivn for hisn)er coiitrlbutions 10 the SIKH Temple. PAtron- & parson who has signed a subsisting deed of cov¢nant appoiiited at the disGretion of the Bxe¢u¢ive Committ¢¢, I,ICATION FOR TA ERSHIP An application musl be made in wrltlrtg In siioh forni a.q th¢ Ex¢¢utive ComEnittee may pres¢rlb¢, must be sign¢d by the applithnt and ¢ou1it￿..Slgrtttd by a proposer who has been mcinber of th¢ Tomple for at lea51 slx months. Applications for m¢mb¢rship sh811 bo onslder¢d and approved by th¢ Bxeaulive Committee. Momborslii subs¢rl lion:. Ordinary tnombers sh811 pay anthual Inembeysliip subsoription, except Ilic Spous￿ of Patrolls wlio $ball hAve beell de¢med to have PAld their siibscrlptloll 8lr¢ady. Such at]nual membership subscTiplion shttll be fixed by the Bxeculive Comtnittee and rewTnmeiid¢d to ihe iiext AGM or SGM. Anlluul membership subs¢rlption sliall beeome duc on Ist,TanuAry ene y¢ai'. kni ordinary inember whos¢ subsciiption remains uuiiaid 301b Mky Mfter it b)ecoDIo5 due shall be deemed to bavo lftps¢d frts￿ meiuberdblp. llie Ex2¢utive Cotmtnitteb shull malnlalii M r¢gisl¢r of'meLhb¢rs of the Temple The reÉlster wlll bB open for inspection by oll iii¢JnbGKS and will contAlTh the following paYlioul8rs'.- Tlie nam¢ and surnaine ofeAch Ineiiiber, The dat¢ upon whifjh eacli person becam¢ a moIMber. Th¢ dhte upon whl¢h any memb¢r ceased to bt a member. A i'cgister of th¢ 8ddr¢ss#s of the meu)btsrs shall be maintain¢d SGpArately. Tei'niin&tion iib¢r hl -Th# Bx¢ouliv8 COMMItt￿ m&y by resolutlon t¢miinato the m¢mb¢rshlp of iny memb¢r who 14 in il)elY opinlon, working against tho T¢mplÈ. Before Comlng tt) any de¢lsiDn th¢ ExEcutlv¢ Coinmitte¢ shall give tho m¢Jmboi' llff¢ct¢d prop¢r opportunity foT StAting hl8lher cas¢ 10 them. elth¢r orally or in wrlllng as the Bxecutlve Coii)millee may d¥tcmiin#. Voll i'l btg:_ Every membgr, whether an ordlnary meiDber, Ilf6 ill¢mber. patron has ihe riglit to attend g￿l￿ra1 meeilngs of the Temple, to dis¢uss the a6¢nd& circulated and lo vot¢ Ih#reon. An employe¢ although inay be a member of the T¢mple but sh411 not be #liglble to cAnvass or sland for any office of ihe Temple Coinmittee. OLDING'I. USTE The ExeLulivc Committe¢ shall ¢tttss¢ the title to: 11 land held by or hi tW5t for Ihe Teinple whlGh is not vesled itt th¥ Officiol Custodian for Ch8Ali¢s- aiid Bll InYcslm¢nls h¢ld by oy behalf of the Teinple., to b¢ vested eithtr hi 8 corporalion enlitl¢d to AGI as ¢u$todian tNStce oi. in not less than thTee Individuals appoint¢d by tlleni as holdlng trusl¢¥s, Holding ttwstees may be reinoved by Ill Exe6iJlive CommliieG ilt Iheii. pltasure Mnd shall act in acLordange with the lawfi]I dlr¢ctions of the Executivc Coiwnittee. Pr(>vid¢d tliey 8ct only ITh accordance widi the lawful dlreotions of the Ex¢outlYe Commlttee, thc holding trnrt¢¢s sholl not b¢ li&bl¢ for the aots d¢faults of Its embers. (&) (b) Tl)e affairs of tlio Temple $hJll b¢ adininistered by & oommittee known as th¥ Bxeoutlvc Coinmittee aierelii #ft¢r ￿lled '%he Cominittec").The Conlliiittee 8hllll be ¢lected ¢very FIVB yearg wt the Ble[￿la1 General Ivleeling of tlie members ond shall consist ()f eloven m¥nib8rs. Tlie Conimittee shall consist ofthe six offic¢ bearers, iiamoly th¢ Cliairn18tt. Vice-cliairihan, Secrelai'y, Asst, S¢¢rotary? Treasur¢i, Agst. Thtasiirer and five otlicr meinb¢r8. Cotnmitt¢e m¢mbors shall hold offi¢¢ until tho next bi¢ntiiul meelitig, Ilie Bxsoulive Cominiltee may appoliit onp or rnore &ub-Oommltte￿ of ihree or more membors ofilie Bxccutlve Committee for Ili¢ purpose of inaking any inquiry oi, supErvi8ing or perlonnittg fvttction or duty whlch In the opinion ofthe Executive Commlttcfj would b¢ ort convenl¢ntly undttrlaken or cgrried out by a sub.Coin￿lttee' provid¢d that 811 aots and prooeedlngs of ai)y suoh sub.¢ommitte¥s sliall be fully *)d pl￿￿p¢1y reporled to th6 F.xecuÈive Commlttee. The six office h¢artrs shall be incligible for Kfr¢leclion to tlielr resp8¢tive posts &ft¢r TWO consecutiv¢ teriijs bul may be elected as ali ordinaiy member of the Comittillee and shall b¢ ellgiblè for re- ¢l¢¢lion to f4fty Post after one tenn. This is to tak¢ effe¢t froiii Ilie date of ad(IptiOA of this Constitutioii. A Biennial Oenei'hl M¢etin8 ofthe m¢mb¢rs shall b¢ hdd ¢very two ycars on su¢li (lay and tinie Mnd plllce os tho Commiltse sl)ftll detemiin¢. Th# biisiness of Ilie Biei)nial Gen￿.￿1 Meeting SIMII Includ¢ & report by Ihc Cominittcts on th¢ last two years work, the ptes¢ntation aiid appioval of th¢ audiledlindepen**TURNOVER**
Administrative expenses
**OPERATING SURPLUS**
4
Interest receivable and similar income
Interest payable and similar expenses
5
**SURPLUS BEFORE TAXATION**
Tax on surplus
6
**SURPLUS FOR THE FINANCIAL YEAR**|**30/9/23**
**£**
**166,059**
**79,054**
**87,005**
**264**
**87,269**
**2,605**
**84,664**
**-**
**84,664**|30/9/22
£
83,816
57,963| |---|---|---| |||25,853
-| |||25,853
2,387| |||23,466
-| |||23,466| The notes form part of these financial statements Page 3 **SRI NABH KAMAL RAJA SAHEB TRUST (REGISTERED NUMBER: 04285042)** ## **BALANCE SHEET 30 SEPTEMBER 2023** |Notes
**FIXED ASSETS**
Tangible assets
7
**CURRENT ASSETS**
Debtors
8
Cash at bank
**CREDITORS**
Amounts falling due within one year
9
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
**CREDITORS**
Amounts falling due after more than one
year
10
**NET ASSETS**
**RESERVES**
Income and expenditure account
12|**30/9/23**
**£**
**23,074**
**111,244**
**134,318**
**47,289**|**£**
**477,805**
**87,029**
**564,834**
**14,065**
**550,769**
**550,769**
**550,769**|30/9/22
£
7,499
56,721
64,220
59,992|£
481,250
4,228| |---|---|---|---|---| |||||485,478
19,373| |||||466,105| |||||466,105| |||||466,105| The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023. The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2023 in accordance with Section 476 of the Companies Act 2006. ## The directors acknowledge their responsibilities for: - (a) ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and - (b) preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. The notes form part of these financial statements continued... Page 4 **SRI NABH KAMAL RAJA SAHEB TRUST (REGISTERED NUMBER: 04285042)** ## **BALANCE SHEET - continued 30 SEPTEMBER 2023** The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. The financial statements were approved by the Board of Directors and authorised for issue on 13 December 2023 and were signed on its behalf by: H S Cheema - Director The notes form part of these financial statements Page 5 **SRI NABH KAMAL RAJA SAHEB TRUST** ## **STATEMENT OF CHANGES IN EQUITY FOR THE YEAR ENDED 30 SEPTEMBER 2023** |**Balance at 1 October 2021**
**Changes in equity**
Total comprehensive income
**Balance at 30 September 2022**
**Changes in equity**
Total comprehensive income
**Balance at 30 September 2023**|**Retained**
**earnings**
**£**
442,639
23,466
466,105
84,664
550,769|**Total**
**equity**
**£**
442,639
23,466| |---|---|---| |||466,105| |||84,664| |||550,769| The notes form part of these financial statements Page 6 **SRI NABH KAMAL RAJA SAHEB TRUST** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023** ## 1. **STATUTORY INFORMATION** Sri Nabh Kamal Raja Saheb Trust is a private company, limited by guarantee, registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page. ## 2. **ACCOUNTING POLICIES** ## **Basis of preparing the financial statements** These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. ## **Turnover** Turnover represents donations received during the year and income from other charitable activities. ## **Tangible fixed assets** Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. |life.|| |---|---| |Freehold property|- not provided| |Improvements to property|- not provided| |Fixtures and fittings|- 10% on reducing balance| |Computer equipment|- 10% on reducing balance| ## **Pension costs and other post-retirement benefits** The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate. ## 3. **EMPLOYEES AND DIRECTORS** The average number of employees during the year was 1 (2022 - NIL). |||**30/9/23**|30/9/22| |---|---|---|---| |||**£**|£| ||Directors' remuneration|**-**|-| |4.|**OPERATING SURPLUS**||| ||The operating surplus is stated after charging:||| |||**30/9/23**|30/9/22| |||**£**|£| ||Depreciation - owned assets|**4,849**|5,237| |5.|**INTEREST PAYABLE AND SIMILAR EXPENSES**||| |||**30/9/23**|30/9/22| |||**£**|£| ||Bank loan interest|**2,605**|2,387| ## 6. **TAXATION** The company is limited by guarantee and does not have a share capital. There is no tax payable on its main source of income as this is derived from donations only. continued... Page 7 **SRI NABH KAMAL RAJA SAHEB TRUST** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 SEPTEMBER 2023** ## 7. **TANGIBLE FIXED ASSETS** |**Improvements**
**Fixtures**
**Freehold**
**to**
**and**
**Computer**
**property**
**property**
**fittings**
**equipment**
**£**
**£**
**£**
**£**
**COST**
At 1 October 2022
**223,377**
**321,026**
**93,371**
**900**
Additions
**-**
**-**
**784**
**620**
At 30 September 2023
**223,377**
**321,026**
**94,155**
**1,520**
**DEPRECIATION**
At 1 October 2022
**13,055**
**97,180**
**46,751**
**438**
Charge for year
**-**
**-**
**4,741**
**108**
At 30 September 2023
**13,055**
**97,180**
**51,492**
**546**
**NET BOOK VALUE**
At 30 September 2023
**210,322**
**223,846**
**42,663**
**974**
At 30 September 2022
210,322
223,846
46,620
462
8.
**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
**30/9/23**
**£**
Other debtors
**15,101**
Prepayments
**7,973**
**23,074**
9.
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
**30/9/23**
**£**
Bank loans and overdrafts (see note 11)
**27,938**
Trade creditors
**2,073**
Social security and other taxes
**(1,262)**
NEST Pensions
**809**
Net Wages
**16,651**
Accrued expenses
**1,080**
**47,289**
10.
**CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE**
**YEAR**
**30/9/23**
**£**
Bank loans (see note 11)
**14,065**|**Totals**
**£**
**638,674**
**1,404**
**640,078**
**157,424**
**4,849**
**162,273**
**477,805**
481,250
30/9/22
£
-
7,499
7,499
30/9/22
£
40,647
9,633
(1,947)
414
10,165
1,080
59,992
30/9/22
£
19,373| |---|---| continued... Page 8 **SRI NABH KAMAL RAJA SAHEB TRUST** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 SEPTEMBER 2023** ## 11. **LOANS** An analysis of the maturity of loans is given below: |||**30/9/23**|30/9/22| |---|---|---|---| |||**£**|£| ||Amounts falling due within one year or on demand:||| ||Lloyds Loan Account|**27,938**|40,647| ||Amounts falling due between two and five years:||| ||Bounce Back Loan|**14,065**|19,373| |12.|**RESERVES**||| ||||**Income**| ||||**and**| ||||**expenditure**| ||||**account**| ||||**£**| ||At 1 October 2022||**466,105**| ||Surplus for the year||**84,664**| ||At 30 September 2023||**550,769**| ## 13. **SHARE CAPITAL** The company is limited by guarantee and does not have a share capital. Page 9 ## **CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE UNAUDITED FINANCIAL STATEMENTS OF SRI NABH KAMAL RAJA SAHEB TRUST** In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Sri Nabh Kamal Raja Saheb Trust for the year ended 30 September 2023 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance. This report is made solely to the Board of Directors of Sri Nabh Kamal Raja Saheb Trust, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Sri Nabh Kamal Raja Saheb Trust and state those matters that we have agreed to state to the Board of Directors of Sri Nabh Kamal Raja Saheb Trust, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Sri Nabh Kamal Raja Saheb Trust and its Board of Directors, as a body, for our work or for this report. It is your duty to ensure that Sri Nabh Kamal Raja Saheb Trust has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Sri Nabh Kamal Raja Saheb Trust. You consider that Sri Nabh Kamal Raja Saheb Trust is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the financial statements of Sri Nabh Kamal Raja Saheb Trust. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. Thapers Limited Chartered Accountants Harpal House 14 Holyhead Road Handsworth Birmingham West Midlands B21 0LT 13 December 2023 This page does not form part of the statutory financial statements Page 10 **SRI NABH KAMAL RAJA SAHEB TRUST** ## **DETAILED INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 30 SEPTEMBER 2023** |**Donations received**
**Other income**
Deposit account interest
**Expenditure**
Wages
Pensions
Rates and water
Insurance
Light and heat
Cleaning Charges
Priest costs
Telephone
Post and stationery
Advertising
Alarm service cost
Repairs and renewals
Computer costs
Sundry expenses
Accountancy
Legal and professional fees
**Finance costs**
Bank charges
Bank loan interest
**Depreciation**
Fixtures and fittings
Computer equipment
**NET SURPLUS**|**30/9/23**
**£**
**15,138**
**245**
**15,063**
**2,603**
**14,848**
**673**
**12,750**
**748**
**-**
**3,327**
**652**
**4,495**
**-**
**1,587**
**997**
**-**
**1,080**
**2,605**
**4,740**
**108**|**£**
**166,059**
**264**
**166,323**
**73,126**
**93,197**
**3,685**
**89,512**
**4,848**
**84,664**|30/9/22
£
14,400
326
7,133
3,224
9,769
558
6,751
1,037
924
3,450
-
1,913
198
296
1,163
746
839
2,387
5,185
51|£
83,816
-| |---|---|---|---|---| |||||83,816
51,888| |||||31,928
3,226| |||||28,702
5,236| |||||23,466| This page does not form part of the statutory financial statements Page 11 ## **REPORT OF THE DIRECTORS AND** **FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023** ## **FOR** ## **SRI NABH KAMAL RAJA SAHEB TRUST** **SRI NABH KAMAL RAJA SAHEB TRUST** ## **CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023** ||**Page**| |---|---| |**Company Information**|1| |**Report of the Directors**|2| |**Income Statement**|3| |**Balance Sheet**|4| |**Statement of Changes in Equity**|6| |**Notes to the Financial Statements**|7| |**Chartered Accountants' Report**|10| |**Detailed Income and Expenditure Account**|11| **SRI NABH KAMAL RAJA SAHEB TRUST** ## **COMPANY INFORMATION FOR THE YEAR ENDED 30 SEPTEMBER 2023** ## **DIRECTORS:** H S Cheema H Malhi J R Gangotra A Singh A Singh ## **REGISTERED OFFICE:** Hadrian Chambers Victoria Passage Skinner Street Wolverhampton West Midlands WV1 4LG ## **REGISTERED NUMBER:** 04285042 (England and Wales) ## **ACCOUNTANTS:** Thapers Limited Chartered Accountants Harpal House 14 Holyhead Road Handsworth Birmingham West Midlands B21 0LT Page 1 **SRI NABH KAMAL RAJA SAHEB TRUST** ## **REPORT OF THE DIRECTORS FOR THE YEAR ENDED 30 SEPTEMBER 2023** The directors present their report with the financial statements of the company for the year ended 30 September 2023. ## **PRINCIPAL ACTIVITY** The principal activity of the company in the year under review was that of the advancement of education in the principals of the sikh faith. ## **DIRECTORS** The directors shown below have held office during the whole of the period from 1 October 2022 to the date of this report. H S Cheema H Malhi J R Gangotra A Singh A Singh ## **ON BEHALF OF THE BOARD:** H S Cheema - Director 13 December 2023 Page 2 **SRI NABH KAMAL RAJA SAHEB TRUST** ## **INCOME STATEMENT FOR THE YEAR ENDED 30 SEPTEMBER 2023** |Notes
**TURNOVER**
Administrative expenses
**OPERATING SURPLUS**
4
Interest receivable and similar income
Interest payable and similar expenses
5
**SURPLUS BEFORE TAXATION**
Tax on surplus
6
**SURPLUS FOR THE FINANCIAL YEAR**|**30/9/23**
**£**
**166,059**
**79,054**
**87,005**
**264**
**87,269**
**2,605**
**84,664**
**-**
**84,664**|30/9/22
£
83,816
57,963| |---|---|---| |||25,853
-| |||25,853
2,387| |||23,466
-| |||23,466| The notes form part of these financial statements Page 3 **SRI NABH KAMAL RAJA SAHEB TRUST (REGISTERED NUMBER: 04285042)** ## **BALANCE SHEET 30 SEPTEMBER 2023** |Notes
**FIXED ASSETS**
Tangible assets
7
**CURRENT ASSETS**
Debtors
8
Cash at bank
**CREDITORS**
Amounts falling due within one year
9
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
**CREDITORS**
Amounts falling due after more than one
year
10
**NET ASSETS**
**RESERVES**
Income and expenditure account
12|**30/9/23**
**£**
**23,074**
**111,244**
**134,318**
**47,289**|**£**
**477,805**
**87,029**
**564,834**
**14,065**
**550,769**
**550,769**
**550,769**|30/9/22
£
7,499
56,721
64,220
59,992|£
481,250
4,228| |---|---|---|---|---| |||||485,478
19,373| |||||466,105| |||||466,105| |||||466,105| The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023. The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2023 in accordance with Section 476 of the Companies Act 2006. ## The directors acknowledge their responsibilities for: - (a) ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and - (b) preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. The notes form part of these financial statements continued... Page 4 **SRI NABH KAMAL RAJA SAHEB TRUST (REGISTERED NUMBER: 04285042)** ## **BALANCE SHEET - continued 30 SEPTEMBER 2023** The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. The financial statements were approved by the Board of Directors and authorised for issue on 13 December 2023 and were signed on its behalf by: H S Cheema - Director The notes form part of these financial statements Page 5 **SRI NABH KAMAL RAJA SAHEB TRUST** ## **STATEMENT OF CHANGES IN EQUITY FOR THE YEAR ENDED 30 SEPTEMBER 2023** |**Balance at 1 October 2021**
**Changes in equity**
Total comprehensive income
**Balance at 30 September 2022**
**Changes in equity**
Total comprehensive income
**Balance at 30 September 2023**|**Retained**
**earnings**
**£**
442,639
23,466
466,105
84,664
550,769|**Total**
**equity**
**£**
442,639
23,466| |---|---|---| |||466,105| |||84,664| |||550,769| The notes form part of these financial statements Page 6 **SRI NABH KAMAL RAJA SAHEB TRUST** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023** ## 1. **STATUTORY INFORMATION** Sri Nabh Kamal Raja Saheb Trust is a private company, limited by guarantee, registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page. ## 2. **ACCOUNTING POLICIES** ## **Basis of preparing the financial statements** These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. ## **Turnover** Turnover represents donations received during the year and income from other charitable activities. ## **Tangible fixed assets** Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. |life.|| |---|---| |Freehold property|- not provided| |Improvements to property|- not provided| |Fixtures and fittings|- 10% on reducing balance| |Computer equipment|- 10% on reducing balance| ## **Pension costs and other post-retirement benefits** The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate. ## 3. **EMPLOYEES AND DIRECTORS** The average number of employees during the year was 1 (2022 - NIL). |||**30/9/23**|30/9/22| |---|---|---|---| |||**£**|£| ||Directors' remuneration|**-**|-| |4.|**OPERATING SURPLUS**||| ||The operating surplus is stated after charging:||| |||**30/9/23**|30/9/22| |||**£**|£| ||Depreciation - owned assets|**4,849**|5,237| |5.|**INTEREST PAYABLE AND SIMILAR EXPENSES**||| |||**30/9/23**|30/9/22| |||**£**|£| ||Bank loan interest|**2,605**|2,387| ## 6. **TAXATION** The company is limited by guarantee and does not have a share capital. There is no tax payable on its main source of income as this is derived from donations only. continued... Page 7 **SRI NABH KAMAL RAJA SAHEB TRUST** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 SEPTEMBER 2023** ## 7. **TANGIBLE FIXED ASSETS** |**Improvements**
**Fixtures**
**Freehold**
**to**
**and**
**Computer**
**property**
**property**
**fittings**
**equipment**
**£**
**£**
**£**
**£**
**COST**
At 1 October 2022
**223,377**
**321,026**
**93,371**
**900**
Additions
**-**
**-**
**784**
**620**
At 30 September 2023
**223,377**
**321,026**
**94,155**
**1,520**
**DEPRECIATION**
At 1 October 2022
**13,055**
**97,180**
**46,751**
**438**
Charge for year
**-**
**-**
**4,741**
**108**
At 30 September 2023
**13,055**
**97,180**
**51,492**
**546**
**NET BOOK VALUE**
At 30 September 2023
**210,322**
**223,846**
**42,663**
**974**
At 30 September 2022
210,322
223,846
46,620
462
8.
**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
**30/9/23**
**£**
Other debtors
**15,101**
Prepayments
**7,973**
**23,074**
9.
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
**30/9/23**
**£**
Bank loans and overdrafts (see note 11)
**27,938**
Trade creditors
**2,073**
Social security and other taxes
**(1,262)**
NEST Pensions
**809**
Net Wages
**16,651**
Accrued expenses
**1,080**
**47,289**
10.
**CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE**
**YEAR**
**30/9/23**
**£**
Bank loans (see note 11)
**14,065**|**Totals**
**£**
**638,674**
**1,404**
**640,078**
**157,424**
**4,849**
**162,273**
**477,805**
481,250
30/9/22
£
-
7,499
7,499
30/9/22
£
40,647
9,633
(1,947)
414
10,165
1,080
59,992
30/9/22
£
19,373| |---|---| continued... Page 8 **SRI NABH KAMAL RAJA SAHEB TRUST** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 SEPTEMBER 2023** ## 11. **LOANS** An analysis of the maturity of loans is given below: |||**30/9/23**|30/9/22| |---|---|---|---| |||**£**|£| ||Amounts falling due within one year or on demand:||| ||Lloyds Loan Account|**27,938**|40,647| ||Amounts falling due between two and five years:||| ||Bounce Back Loan|**14,065**|19,373| |12.|**RESERVES**||| ||||**Income**| ||||**and**| ||||**expenditure**| ||||**account**| ||||**£**| ||At 1 October 2022||**466,105**| ||Surplus for the year||**84,664**| ||At 30 September 2023||**550,769**| ## 13. **SHARE CAPITAL** The company is limited by guarantee and does not have a share capital. Page 9 ## **CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE UNAUDITED FINANCIAL STATEMENTS OF SRI NABH KAMAL RAJA SAHEB TRUST** In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Sri Nabh Kamal Raja Saheb Trust for the year ended 30 September 2023 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance. This report is made solely to the Board of Directors of Sri Nabh Kamal Raja Saheb Trust, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Sri Nabh Kamal Raja Saheb Trust and state those matters that we have agreed to state to the Board of Directors of Sri Nabh Kamal Raja Saheb Trust, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Sri Nabh Kamal Raja Saheb Trust and its Board of Directors, as a body, for our work or for this report. It is your duty to ensure that Sri Nabh Kamal Raja Saheb Trust has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Sri Nabh Kamal Raja Saheb Trust. You consider that Sri Nabh Kamal Raja Saheb Trust is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the financial statements of Sri Nabh Kamal Raja Saheb Trust. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. Thapers Limited Chartered Accountants Harpal House 14 Holyhead Road Handsworth Birmingham West Midlands B21 0LT 13 December 2023 This page does not form part of the statutory financial statements Page 10 **SRI NABH KAMAL RAJA SAHEB TRUST** ## **DETAILED INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 30 SEPTEMBER 2023** |**Donations received**
**Other income**
Deposit account interest
**Expenditure**
Wages
Pensions
Rates and water
Insurance
Light and heat
Cleaning Charges
Priest costs
Telephone
Post and stationery
Advertising
Alarm service cost
Repairs and renewals
Computer costs
Sundry expenses
Accountancy
Legal and professional fees
**Finance costs**
Bank charges
Bank loan interest
**Depreciation**
Fixtures and fittings
Computer equipment
**NET SURPLUS**|**30/9/23**
**£**
**15,138**
**245**
**15,063**
**2,603**
**14,848**
**673**
**12,750**
**748**
**-**
**3,327**
**652**
**4,495**
**-**
**1,587**
**997**
**-**
**1,080**
**2,605**
**4,740**
**108**|**£**
**166,059**
**264**
**166,323**
**73,126**
**93,197**
**3,685**
**89,512**
**4,848**
**84,664**|30/9/22
£
14,400
326
7,133
3,224
9,769
558
6,751
1,037
924
3,450
-
1,913
198
296
1,163
746
839
2,387
5,185
51|£
83,816
-| |---|---|---|---|---| |||||83,816
51,888| |||||31,928
3,226| |||||28,702
5,236| |||||23,466| This page does not form part of the statutory financial statements Page 11