Baba Budha Ji Educational Trust
Charity No. 1138700
Trustees' Report and Unaudited Accounts
31 March 2021
Document Ref: BJYDM-3FD3B-FBSGC-KPIS7
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Baba Budha Ji Educational Trust Contents
| Pages | |
|---|---|
| Trustees' Annual Report | 2 |
| Independent Examiner's Report | 3 |
| Statement of Financial Activities | 4 |
| Balance Sheet | 5 |
| Statement of Cash flows | 11 |
| Notes to the Accounts | 6 to 10 |
| Detailed Statement of Financial Activities | 12 to 13 |
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Baba Budha Ji Educational Trust Trustees Annual Report
The Trustees present their report with the unaudited financial statements of the charity for the year ended 31 March 2021.
REFERENCE AND ADMINISTRATIVE DETAILS
Charity No. 1138700
Principal Office
23 Royce Road Peterborough PE1 5YB
Trustees
The following Trustees served during the year:
G. Singh J. Singh K. Singh V. Singh
Accountants
Hills Accountants 14 St Mary's Street Whittlesey Peterborough
PE7 1BG
Statement of trustees' responsibilities in relation to the financial statements
The charity trustees are responsible for preparing a trustees' annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the provisions of the Trust deed. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.
Signed on behalf of the charity's trustees
K. Singh Trustee 17 June 2021
18 / 06 / 2021
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Baba Budha Ji Educational Trust Independent Examiners Report
Independent Examiner's Report to the trustees of Baba Budha Ji Educational Trust
I report to the trustees on my examination of the accounts of Baba Budha Ji Educational Trust for the year ended 31 March 2021 which comprise the Statement of Financial Activities, the Balance Sheet, the Statement of Cash Flows and the related notes.
Responsibilities and basis of report
As the charity's trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011('the Act'). The trustees consider that an audit is not required for this year under the Charities Act 2011, s.144(2) (the 2011 Act) and that an independent examination is needed.
I report in respect of my examination of the charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I can confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in, any material respect:
-
the accounting records were not kept in respect of the charity as required by section 130 of the Act; or
-
the accounts do not accord with those records; or
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the accounts did 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 have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Lee Hills ACCA Hills Accountants 14 St Mary's Street Whittlesey Peterborough
PE7 1BG 17 June 2021
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Baba Budha Ji Educational Trust Statement of Financial Activities
for the year ended 31 March 2021
| Notes Income and endowments from: Donations and legacies 3 Other trading activities 4 Total Expenditure on: Other 5 Total Net gains on investments Net income 6 Net income before other gains/(losses) Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward |
Unrestricted funds 2021 £ 38,752 48,170 |
Total funds 2021 £ 38,752 48,170 |
Total funds 2020 £ 84,583 - |
|---|---|---|---|
| 86,922 64,619 |
86,922 64,619 |
84,583 73,604 |
|
| 64,619 - |
64,619 - |
73,604 - |
|
| 22,303 | 22,303 | 10,979 | |
| 22,303 | 22,303 | 10,979 | |
| 22,303 26,068 |
22,303 26,068 |
10,979 15,089 |
|
| 48,371 | 48,371 | 26,068 |
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Baba Budha Ji Educational Trust Balance Sheet
at 31 March 2021
| Charity No. 1138700 Fixed assets Tangible assets 8 Current assets Debtors 9 Cash at bank and in hand Creditors:Amount falling due within one year 10 Net current assets Total assets less current liabilities Net assets excluding pension asset or liability Total net assets The funds of the charity Restricted funds 11 Unrestricted funds 11 General funds Total funds Approved by the trustees on 17 June 2021 And signed on their behalf by: K. Singh Trustee 17 June 2021 |
2021 £ 8,074 8,074 3,044 44,958 48,002 (7,705) 40,297 48,371 48,371 48,371 48,371 48,371 48,371 18 / 06 / 2021 |
2020 £ 11,067 |
|---|---|---|
| 11,067 766 16,093 |
||
| 16,859 (1,858) |
||
| 15,001 26,068 |
||
| 26,068 | ||
| 26,068 | ||
| 26,068 | ||
| 26,068 | ||
| 26,068 | ||
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Baba Budha Ji Educational Trust Notes to the Accounts
for the year ended 31 March 2021
- 1 Accounting policies
Basis of preparation
The financial statements have been prepared in accordance with Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic if Ireland (FRS 102) issued on 16 July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.
Change in basis of accounting or to previous accounts
There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years.
Fund accounting
-
Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the general objects of the charity.
-
Designated funds These are unrestricted funds earmarked by the trustees for particular purposes. Revaluation funds These are unrestricted funds which include a revaluation reserve representing the restatement of investment assets at their market values.
-
Restricted funds These are available for use subject to restrictions imposed by the donor or through terms of an appeal.
Income
-
Recognition of Income is included in the Statement of Financial Activities (SoFA) when the charity income becomes entitled to, and virtually certain to receive, the income and the amount of the income can be measured with sufficient reliability.
-
Income with related Where income has related expenditure the income and related expenditure is expenditure reported gross in the SoFA. Donations and Voluntary income received by way of grants, donations and gifts is included in the legacies the SoFA when receivable and only when the Charity has unconditional entitlement to the income.
-
Tax reclaims on Income from tax reclaims is included in the SoFA at the same time as the donations and gifts gift/donation to which it relates. Donated services These are only included in income (with an equivalent amount in expenditure) and facilities where the benefit to the Charity is reasonably quantifiable, measurable and material.
-
Volunteer help The value of any volunteer help received is not included in the accounts. Investment income This is included in the accounts when receivable. Gains/(losses) on This includes any gain or loss resulting from revaluing investments to market value revaluation of fixed at the end of the year. assets Gains/(losses) on This includes any gain or loss on the sale of investments. investment assets
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Baba Budha Ji Educational Trust Notes to the Accounts
Expenditure
-
Recognition of Expenditure is recognised on an accruals basis. Expenditure includes any VAT which expenditure cannot be fully recovered, and is reported as part of the expenditure to which it relates.
-
Expenditure on These comprise the costs associated with attracting voluntary income, fundraising raising funds trading costs and investment management costs. Expenditure on These comprise the costs incurred by the Charity in the delivery of its activities and charitable activities services in the furtherance of its objects, including the making of grants and governance costs.
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Grants payable All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid.
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Governance costs These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs.
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Other expenditure These are support costs not allocated to a particular activity.
Taxation
The charity is exempt from tax on its charitable activities.
Tangible fixed assets and depreciation
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:
Plant and machinery 25% Reducing balance Computer Equipment 33.3% Straight line
Trade and other debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management.
Trade and other creditors
Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
Receipt of donated goods, facilities and services
All donated goods, facilities and services received are recognised within incoming resources and expenditure at an estimate of the value to the charity.
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Baba Budha Ji Educational Trust
Notes to the Accounts
2 Statement of Financial Activities - prior year
| 2 Statement of Financial Activities - prior year |
|||
|---|---|---|---|
| Income and endowments from: Donations and legacies Gift aid tax recovered Total Expenditure on: Other Total Net income Net income before other gains/(losses) Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward 3 Income from donations and legacies Donations Gift aid tax recovered 4 Income from other trading activities Grants received |
Unrestricted £ 28,531 10,221 38,752 Unrestricted £ 48,170 48,170 |
Unrestricted funds 2020 £ 73,350 11,233 84,583 73,604 73,604 10,979 10,979 10,979 15,089 26,068 Total 2021 £ 28,531 10,221 38,752 Total 2021 £ 48,170 48,170 |
Total funds 2020 £ 73,350 11,233 |
| 84,583 73,604 |
|||
| 73,604 | |||
| 10,979 | |||
| 10,979 | |||
| 10,979 15,089 |
|||
| 26,068 | |||
| Total 2020 £ 73,350 11,233 |
|||
| 84,583 | |||
| Total 2020 £ - |
|||
| - |
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Baba Budha Ji Educational Trust Notes to the Accounts
5 Other expenditure
| Donations Employee costs Premises costs Amortisation, depreciation, impairment, profit/loss on disposal of fixed assets General administrative costs Legal and professional costs 6 Net income before transfers This is stated after charging: Depreciation of owned fixed assets 7 Staff costs Salaries and wages No employee received emoluments in excess of £60,000. 8 Tangible fixed assets Cost or revaluation At 1 April 2020 At 31 March 2021 Depreciation and impairment At 1 April 2020 Depreciation charge for the year At 31 March 2021 Net book values At 31 March 2021 At 31 March 2020 9 Debtors Prepayments and accrued income |
Unrestricted £ 25,153 10,740 16,346 2,993 8,331 1,056 64,619 2021 £ 2,993 10,740 10,740 |
Total 2021 £ 25,153 10,740 16,346 2,993 8,331 1,056 64,619 Computer Equipment £ 1,360 1,360 453 453 906 454 907 |
Total 2020 £ 26,024 18,124 14,333 3,869 8,293 2,961 |
|---|---|---|---|
| 73,604 | |||
| 2020 £ 3,869 15,380 |
|||
| 15,380 | |||
| Total £ 21,257 |
|||
| Plant and machinery |
|||
| £ 19,897 19,897 9,737 2,540 12,277 7,620 10,160 2021 £ 3,044 3,044 |
|||
| 21,257 | |||
| 10,190 2,993 |
|||
| 13,183 | |||
| 8,074 | |||
| 11,067 | |||
| 2020 £ 766 |
|||
| 766 |
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Baba Budha Ji Educational Trust Notes to the Accounts
| Baba Budha Ji Educational Trust Notes to the Accounts |
||||
|---|---|---|---|---|
| 10 Creditors: amounts falling due within one year Accruals and deferred income |
2021 £ 7,705 7,705 |
2020 £ 1,858 |
||
| 1,858 | ||||
| 11 Movement in funds Unrestricted funds: General funds Total funds 12 Analysis of net assets between funds Fixed assets Net current assets 13 Reconciliation of net debt Cash and cash equivalents Net debt |
At 1 April 2020 26,068 26,068 |
Incoming resources (including other gains/losses ) £ 86,922 86,922 At 1 April 2020 £ |
Resources expended £ (64,619) (64,619) Unrestricted funds £ 8,074 40,297 48,371 Cash flows £ |
At 31 March 2021 £ 48,371 |
| 48,371 | ||||
| Total £ 8,074 40,297 |
||||
| 48,371 | ||||
| At 31 March 2021 £ |
||||
| 16,093 | 28,865 | 44,958 | ||
| 16,093 16,093 |
28,865 28,865 |
44,958 | ||
| 44,958 | ||||
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Baba Budha Ji Educational Trust Statement of Cash flows for the year ended 31 March 2021
| Cash flows from operating activities Net income per Statement of Financial Activities Adjustments for: Depreciation of property, plant and equipment Increase in trade and other receivables Increase in trade and other payables Net cash provided by operating activities Net cash used in investing activities Net cash from financing activities Net increase in cash and cash equivalents Cash and cash equivalents at the beginning of the year Cash and cash equivalents at the end of the year |
2021 £ 22,303 2,993 (2,278) 5,847 28,865 - - 28,865 16,093 44,958 |
2020 £ 10,979 3,869 (766) 1,858 |
|---|---|---|
| 4,707 | ||
| (1,097) | ||
| - | ||
| 3,610 | ||
| - | ||
| 3,610 | ||
| Components of cash and cash equivalents | ||
| Cash and bank balances | 44,958 | 16,093 |
| 44,958 | 16,093 |
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Baba Budha Ji Educational Trust Detailed Statement of Financial Activities
for the year ended 31 March 2021
| Income and endowments from: Donations and legacies Donations Gift aid tax recovered Other trading activities Grants received Total income and endowments Expenditure on: Other expenditure Donations Employee costs Teachers and priest expenses Temporary staff Premises costs Rates Light, heat and power Premises cleaning Premises insurances General administrative costs, including depreciation and amortisation Depreciation of P & M Depreciation of Computer Equipment Equipment R & M Stationery and printing Food, refreshments and sundry Telephone, fax and broadband Legal and professional costs Audit/Independent examination fees Other legal and professional costs |
Unrestricted funds 2021 £ 28,531 10,221 38,752 48,170 48,170 86,922 25,153 25,153 10,740 - 10,740 665 11,754 1,498 2,429 16,346 2,540 453 5,469 137 2,260 465 11,324 (70) 1,126 1,056 |
Total funds 2021 £ 28,531 10,221 38,752 48,170 48,170 86,922 25,153 25,153 10,740 - 10,740 665 11,754 1,498 2,429 16,346 2,540 453 5,469 137 2,260 465 11,324 (70) 1,126 1,056 |
Total funds 2020 £ 73,350 11,233 |
|---|---|---|---|
| 84,583 | |||
| - | |||
| - | |||
| 84,583 26,024 |
|||
| 26,024 | |||
| 15,380 2,744 |
|||
| 18,124 | |||
| 714 10,480 1,690 1,449 |
|||
| 14,333 | |||
| 3,416 453 3,394 241 4,092 566 |
|||
| 12,162 | |||
| 1,860 1,101 |
|||
| 2,961 |
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Baba Budha Ji Educational Trust Detailed Statement of Financial Activities
| Baba Budha Ji Educational Trust Detailed Statement of Financial Activities |
|||
|---|---|---|---|
| Total of expenditure of other costs Total expenditure Net gains on investments Net income Net income before other gains/(losses) Other Gains Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward |
64,619 64,619 - 22,303 22,303 - 22,303 26,068 48,371 |
64,619 64,619 - 22,303 22,303 - 22,303 26,068 48,371 |
73,604 |
| 73,604 - |
|||
| 10,979 | |||
| 10,979 - |
|||
| 10,979 | |||
| 15,089 | |||
| 26,068 |
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Signature Certificate
Document Ref.: BJYDM-3FD3B-FBSGC-KPIS7
Document signed by:
Jagdev Singh
Verified E-mail: shingaar10@aol.com IP: 109.123.74.101 Date: 18 Jun 2021 07:40:17 UTC
Document completed by all parties on: 18 Jun 2021 07:40:17 UTC
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