| Page | |||
|---|---|---|---|
| Report ofthe Trustees | 1 | to | 5 |
| Report ofthe Independent Auditors |
6 | to | 7 |
| Statement ofFinancial Activities | |||
| Balance Sheet | 9 | to | 10 |
| Cash Flow Statement | |||
| Notes to the Cash Flow Statement | 12 | ||
| Notes to the Financial Statements | 13 | to | 21 |
| for | the Year E | nded 31March | 2021 | ||||
|---|---|---|---|---|---|---|---|
| 3].3.21 | 31.3.20 | ||||||
| Unrestricted | Restricted | Total | Total | ||||
| fund | funds | funds | funds | ||||
| Notes | |||||||
| INCOME AND ENDOWMENTS FROM | |||||||
| Donations and legacies |
35,068 | 289,757 | 324,825 | 494,441 | |||
| Investment income |
553 | 553 | 3,616 | ||||
| Total | 35,068 | 290,310 | 325,378 | 498,057 | |||
| EXPENDITURE | ON | ||||||
| Raising funds | |||||||
| Raising donations | and | legacies | 576 | 1,786 | 2,362 | 13,654 | |
| 576 | 1,786 | 2,362 | 13,654 | ||||
| Charitable activities |
|||||||
| Event management | 19,071 | 12,437 | 31,508 | 46,453 | |||
| Welfare | 31,666 | 31,666 | 2,436 | ||||
| Other | 31,533 | 31,533 | 12,664 | ||||
| Total | 51,180 | 45,889 | 97,069 | 75,207 | |||
| NKT INCOME/(EXPENDITURE) | (16,112) | 244,421 | 228,309 | 422,850 | |||
| Transfers between funds |
18 | (10,000) | 10,000 | ||||
| Net movement in |
funds | (26,112) | 254,421 | 228,309 | 422,850 | ||
| RECONCILIATION | OF FUNDS | ||||||
| Total funds brought | forward | 75,994 | 2,606,045 | 2,682,039 | 2,259,189 | ||
| TOTAL FUNDS | CARRIED FORWARD | 49,882 | 2,860,466 | 2,910,348 | 2,682,039 |
| 31.3.21 | 31.3.20 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||
| fund | funds | funds | funds | ||
| Notes | |||||
| FIXEDASSETS | |||||
| Tangible assets | 11 | 20,382 | 4,149,183 | 4,169,565 | 2,626,105 |
| Investments | 12 | 100 | 100 | 100 | |
| 20,482 | 4,149,183 | 4,169,665 | 2,626,205 | ||
| CURRENT ASSETS | |||||
| Debtors | 13 | 12,433 | 194,438 | 206,871 | 212,444 |
| Investments | 14 | 4,070 | 4,070 | 4,070 | |
| Cash at bank and in hand | 17,581 | 259,295 | 276,876 | 164,285 | |
| 34,084 | 453,733 | 487,817 | 380,799 | ||
| CREDITORS | |||||
| Amounts falling due within one year |
15 | (4,684) | (1,692,450) | (1,697,134) | (324,965) |
| NET CURRENT ASSETS | 29,400 | (1,238,717) | (1,209,317) | 55,834 | |
| TOTAL ASSETSLESSCURRENT | |||||
| LIABILITIES | 49,882 | 2,910,466 | 2,960,348 | 2,682,039 | |
| CREDITORS | |||||
| Amounts falling due aller more than one year |
16 | (50,000) | (50,000) | ||
| NET ASSETS | 49,882 | 2,860,466 | 2,910,348 | 2,682,039 |
| Bal | ance Sheet - continued 31March 2021 |
|||
|---|---|---|---|---|
| FUNDS | 18 | |||
| Unrestricted | funds: | |||
| General fund |
49,882 | 75,994 | ||
| Restricted | funds: | |||
| Restricted | Fixed Asset Funds —Temple Project | 2,838,693 | 2,592,228 | |
| Religious | events | 5,011 | 5,279 | |
| Health/Organ donation |
16,762 | 8,538 | ||
| 2,060,466 | 2,606 046 | |||
| TOTAL FUNDS | 2,910,348 | 2,682,039 |
| Cash Flow Statement | ||||||||
|---|---|---|---|---|---|---|---|---|
| for the | Year Ended 31March | 2021 | ||||||
| 31.3.21 | 31.3.20 | |||||||
| Notes | ||||||||
| Cash flows from | operating | activities | ||||||
| Cash generated fi |
om operations | 38,742 | 462,298 | |||||
| Net cash provided | by operating | activities | 38,742 | 462,298 | ||||
| Cash flows from | investing | activities | ||||||
| Purchase oftangible fixed |
assets | (1,545,710) | (888,643) | |||||
| Interest received | 553 | 3,616 | ||||||
| Net cash used in investing | activities | (1,545,157) | (885,027) | |||||
| Cash flows from | financing | activities | ||||||
| New loans in year | 1,671,000 | 26,000 | ||||||
| Loan repayments | in year | (50,000) | (10,000) | |||||
| Group company | (1,994) | (6,740) | ||||||
| Net cash provided | by financing | activities | 1,619,006 | 9,260 | ||||
| Change in cash and cash | equivalents | in the | ||||||
| reporting period |
112,591 | (413,469) | ||||||
| Cash and cash equivalents | at the beginning | |||||||
| ofthe reporting | period | 164,285 | 577,754 | |||||
| Cash and cash equivalents | at the end | ofthe | ||||||
| reporting period |
276,876 | 164,285 |
| Notes to the Cash Flow Statement for the Year Ended 31March 2021 |
Notes to the Cash Flow Statement for the Year Ended 31March 2021 |
Notes to the Cash Flow Statement for the Year Ended 31March 2021 |
Notes to the Cash Flow Statement for the Year Ended 31March 2021 |
Notes to the Cash Flow Statement for the Year Ended 31March 2021 |
Notes to the Cash Flow Statement for the Year Ended 31March 2021 |
Notes to the Cash Flow Statement for the Year Ended 31March 2021 |
|---|---|---|---|---|---|---|
| RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES |
||||||
| 31.3.21 | 31.3.20 | |||||
| Net income for the | reporting | period (as per the Statement ofFinancial | ||||
| Activities) | 228,309 | 422,850 | ||||
| Adjustments for: |
||||||
| Depreciation charges |
2,250 | 2,250 | ||||
| Interest received | (553) | (3,616) | ||||
| Decrease/(increase) | in debtors | 7,567 | (176,441) | |||
| (Decrease)/increase | in creditors | (198,831) | 217,255 | |||
| Net cash provided | by operations | 38,742 | 462,298 | |||
| ANALYSIS OF CHANGES IN NET FUNDS/(DEBT) | ||||||
| At 1.4.20 | Cash flow | At 31.3.21 | ||||
| Net cash | ||||||
| Cash at bank and in hand | 164,285 | 112,591 | 276,876 | |||
| 164,285 | 112,591 | 276,876 | ||||
| Liquid resources | ||||||
| Deposits included | in | cash | ||||
| Current asset investments | 4,070 | 4,070 | ||||
| 4,070 | 4,070 | |||||
| Debt | ||||||
| Debts falling due within | 1 year | (107,000) | (1,571,000) | (1,678,000) | ||
| Debts falling due after 1 | year | (50,000) | (50,000) | |||
| (107,000) | (1,621,000) | (1,728,000) | ||||
| Total | 61,355 | (1,508,409) | (1,447,054) |
| DONATION | S AND LEG |
ACIES | ||||
|---|---|---|---|---|---|---|
| 31.3.21 | 31.3.20 | |||||
| Unrestricted | Restricted | Total | Total | |||
| funds | funds | funds | funds | |||
| Gifts | 1 | 751 | 752 | 17,416 | ||
| Donations | 4,200 | 9,607 | 13,807 | 226,901 | ||
| Gift aid | 13,161 | 13,161 | 11,779 | |||
| Building Fund | 228,723 | 228,723 | 167,466 | |||
| Grants | 40,533 | 40,533 | 16,505 | |||
| Membership | &Member donations | 17,706 | 17,706 | 39,116 | ||
| Health &General activities | 994 | |||||
| Religious events | 10,143 | 10,143 | 14,264 | |||
| 35,068 | 289,757 | 324,825 | 494,441 | |||
| Grants received, included | in the above, are as follows: | |||||
| 31.3.21 | 31.3.20 | |||||
| Health | 40,533 | 16,505 |
| for the Year | for the Year | Ended 31March | 2021 | |||
|---|---|---|---|---|---|---|
| 3. | INVESTMENT INCOME | |||||
| 31.3.21 | 31.3.20 | |||||
| Unrestricted | Restricted | Total | Total | |||
| funds | funds | funds | funds | |||
| Deposit account interest | 553 | 553 | 3,616 | |||
| 4. | RAISING DONATIONS | AND LEGACIES | ||||
| 31.3.21 | 31.3.20 | |||||
| Unrestricted | Restricted | Total | Total | |||
| funds | funds | funds | funds | |||
| Sundries, travel 0advtg | 576 | 1,786 | 2,362 | 9,436 | ||
| Travel | 4,218 | |||||
| 576 | 1,786 | 2,362 | 13,654 | |||
| 5. | CHARITABLE ACTIVITIES COSTS | |||||
| Support | ||||||
| Direct | costs (see | |||||
| Costs | note 6) | Totals | ||||
| Event management | 27,908 | 3,600 | 31,508 | |||
| Welfare | 22,066 | 9,600 | 31,666 | |||
| 49,974 | 13,200 | 63,174 | ||||
| 6. | SUPPORT COSTS | |||||
| Governance | ||||||
| Management | costs | Totals | ||||
| Other resources expended | 27,333 | 4,200 | 31,533 | |||
| Event management | 3,600 | 3,600 | ||||
| Welfare | 9,600 | 9,600 | ||||
| 40,533 | 4,200 | 44,733 |
| 31.3;21 | 31.3.20 | ||
|---|---|---|---|
| Auditors' remuneration |
4,200 | ||
| Depreciation - |
owned assets | 2,250 | 2,250 |
| Other operating | leases | 4,800 | 7,250 |
| 31.3.21 | 31.3.20 | |||||
|---|---|---|---|---|---|---|
| Wages and salaries | 30,822 | 10,257 | ||||
| 30,822 | 10,257 | |||||
| The average monthly | number ofemployees | during the year was as follows: | ||||
| 31.3.21 | 31.3.20 | |||||
| Administration | 2 | 1 | ||||
| No employees | received emoluments | in excess of660,000. |
| 11. | TANGIBLE FIXEDASSETS | |||
|---|---|---|---|---|
| Fixtures | ||||
| Freehold | and | |||
| ploperty | fittings | Totals | ||
| COST | ||||
| At 1 April 2020 | 2,612,032 | 27,283 | 2,639,315 | |
| Additions | 1,545,710 | 1,545,710 | ||
| At 31March 2021 | 4,157,742 | 27,283 | 4,185,025 | |
| DEPRECIATION | ||||
| At 1 April 2020 | 13,210 | 13,210 | ||
| Charge for year | 2,250 | 2,250 | ||
| At 31March 2021 | 15,460 | 15,460 | ||
| NET BOOK VALUE | ||||
| At 31March 2021 | 4,157,742 | 11,823 | 4,169,565 | |
| At 31March 2020 | 2,612,032 | 14,073 | 2,626,105 | |
| 12. | FIXEDASSET INVESTMENTS | |||
| Shares in | ||||
| gl'oup | ||||
| undertakings | ||||
| MARKET VALUE | ||||
| At 1 April 2020 and 31March 2021 | 100 | |||
| NET BOOK VALUE | ||||
| At 31March 2021 | 100 | |||
| At 31March 2020 | 100 |
| Nature of | business: Non-profit Project Ma |
nagement | ||
|---|---|---|---|---|
| 10 | ||||
| Class ofshare: | holding | |||
| Ordinary | 100 | |||
| 31.3.21 | 31.3.20 | |||
| Aggregate | capitalandreserves | 100 | 100 |
| DEBTORS:AMOUNTS FALLING DUE WITHIN ONE YEAR | ||
|---|---|---|
| 31.3.21 | 31.3.20 | |
| Gifts receivable | 180,000 | 190,000 |
| Amounts owed by group undertakings |
19,438 | 17,444 |
| VAT | 1,083 | |
| P repayments | 6,350 | 5,000 |
| 206,871 | 212,444 | |
| CURRENT ASSET INVESTMENTS | ||
| 31.3.21 | 31.3.20 | |
| Other | 4,070 | 4,070 |
| CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||
| 31.3.21 | 31.3.20 | |
| Other loans (see note 17) | 1,678,000 | 107,000 |
| Trade creditors | 217,241 | |
| Accrued expenses | 19,134 | 724 |
| 1,697,134 | 324,965 |
| 31.3.21 | 31.3.20 | ||
|---|---|---|---|
| Amounts | falling due within one year on demand: | ||
| Other loans | 50,000 | ||
| Building | fund bonds | 1,678,000 | 57,000 |
| 1,678,000 | 107,000 | ||
| Amounts | falling due between two and five years: | ||
| Bank loans - 2-5 years | 50,000 |
| MOVEM | EN | T IN FUNDS | ||||
|---|---|---|---|---|---|---|
| Net | Transfers | |||||
| movement | between | At | ||||
| At 1.4.20 | in funds | funds | 31.3.21 | |||
| Unrestricted | funds | |||||
| General | fund | 75,994 | (16,112) | (10,000) | 49,882 | |
| Restricted funds | ||||||
| Restricted Fixed Asset Funds —Temple | ||||||
| Project Religious |
events | 2,592,228 5,279 |
236,465 (268) |
10,000 | 2,838,693 5,011 |
|
| Health/Organ | donation | 8,538 | 8,224 | 16,762 | ||
| 2,606,045 | 244,421 | 10,000 | 2,860,466 | |||
| TOTAL | FUNDS | 2,682,039 | 228,309 | 2,910,348 |
| Incoming | Resources | Movement | ||
|---|---|---|---|---|
| resources | expended | in f'unds | ||
| Unrestricted | funds | |||
| General fund | 35,068 | (51,180) | (16,112) | |
| Restricted funds | ||||
| Restricted Fixed Asset Funds —Temple | ||||
| Project | 238,491 | (2,026) | 236,465 | |
| Religious events |
10,143 | (10,411) | (268) | |
| Health/Organ | donation | 41,676 | (33,452) | 8,224 |
| 290,310 | (45,889) | 244,421 | ||
| TOTAL FUNDS | 325,378 | (97,069) | 228,309 |
| Net | Transfers | ||||
|---|---|---|---|---|---|
| movement | between | At | |||
| At 1.4.19 | in funds | funds | 31.3.20 | ||
| Unrestricted | funds | ||||
| General fund | 159,979 | 25,650 | (109,635) | 75,994 | |
| Restricted funds | |||||
| Restricted Fixed Asset Funds —Temple | |||||
| Project | 2,087,425 | 383,383 | 121,420 | 2,592,228 | |
| Religious events |
11,785 | 5,279 | (11,785) | 5,279 | |
| Health/Organ | donation | 8,538 | 8,538 | ||
| 2,099,210 | 397,200 | 109,635 | 2,606,045 | ||
| TOTAL FUNDS | 2,259,189 | 422,850 | 2,682,039 |
| Incoming | Resources | Movement | ||
|---|---|---|---|---|
| resources | expended | in funds | ||
| Unrestricted | funds | |||
| General fund | 74,836 | (49,186) | 25,650 | |
| Restricted funds | ||||
| Restricted Fixed Asset Funds —Temple | ||||
| Project | 395,432 | (12,049) | 383,383 | |
| Religious events |
16,815 | (11,536) | 5,279 | |
| Health/Organ | donation | 10,974 | (2,436) | 8,538 |
| 423,221 | (26,021) | 397,200 | ||
| TOTAL FUNDS | 498,057 | (75,207) | 422,850 |