**REGISTERED CHARITY NUMBER: 1139600** ## **REPORT OF THE TRUSTEES AND** **UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020** ## **FOR** ## **NISHKAM SIKH WELFARE & AWARENESS** Macalvins Limited Chartered Accountants 7 St John's Road Harrow Middlesex HA1 2EY **NISHKAM SIKH WELFARE & AWARENESS** ## **CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020** |||**Page**|| |---|---|---|---| |**Reference and Administrative Details**||1|| |**Report of the Trustees**||2|| |**Independent Examiner's Report**||3|| |**Statement of Financial Activities**||4|| |**Balance Sheet**||5|| |**Notes to the Financial Statements**|6|to|10| |**Detailed Statement of Financial Activities**||11|| **NISHKAM SIKH WELFARE & AWARENESS** ## **REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31 DECEMBER 2020** **TRUSTEES** R Lall H Lall S S Sira **PRINCIPAL ADDRESS** NishkamSWAT HQ Kiran House Springfield Road Hayes Middlesex UB4 0JT **REGISTERED CHARITY** 1139600 **NUMBER INDEPENDENT EXAMINER** Macalvins Limited Chartered Accountants 7 St John's Road Harrow Middlesex HA1 2EY Page 1 **NISHKAM SIKH WELFARE & AWARENESS** ## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2020** The trustees present their report with the financial statements of the charity for the year ended 31 December 2020. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019). ## **OBJECTIVES AND ACTIVITIES** ## **Objectives and aims** NishkamSWAT is a charity that supports the homeless and displaced community in London and nationally. We were founded in 2008 and since have grown to a formidable force for good with a volunteer bank of over 1000 volunteers, serving up to 4000 hot meals every week along with warm clothing, sleeping bags and blankets, hats, scarves and gloves particularly during the colder months. Exceptionally, NishkamSWAT is a 100% voluntary organisation meaning we do not pay any wages, salaries or expenses to our board members or have paid staff at the charity. All of our income is deployed back specifically to helping those in need. We are a value led organisation with selflessness at its core where word Nishkam translates to 'selfless'. We ask all our volunteers to serve selflessly and simply for the love of serving humanity. We have 27 weekly outreach sessions from 19 locations including The Strand in Central London to Kings Cross, Shoreditch, Slough, Reading, Oxford and Lancaster to name a few. We have been recognised by a number of extremely prestigious organisations for the ongoing work we have been blessed to do in the community and our most recent accolade was being honoured to receive the Queens Award for Voluntary Service along with five other separate invitations for volunteers to visit Buckingham Palace in the last two years. As well as the homeless project we offer our homeless and displaced friends / guests access to our healthcare project where we have had a huge impact in taking the strain off of the NHS dealing with basic medical needs of a homeless person. Set up in 2015 we have a network of volunteer doctors, dentists, pharmacists and other healthcare professionals that go out weekly with our ambulance to support those who may not have access to basic medical care. ## **STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document** The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity. Approved by order of the board of trustees on 24 November 2021 and signed on its behalf by: S S Sira - Trustee Page 2 ## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF NISHKAM SIKH WELFARE & AWARENESS** ## **Independent examiner's report to the trustees of Nishkam Sikh Welfare & Awareness** I report to the charity trustees on my examination of the accounts of Nishkam Sikh Welfare & Awareness (the Trust) for the year ended 31 December 2020. ## **Responsibilities and basis of report** As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act'). I report in respect of my examination of the Trust's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. ## **Independent examiner's statement** Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a registered member of Association of Chartered Certified Accountants which is one of the listed bodies. I have completed my examination. I 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: 1. accounting records were not kept in respect of the Trust as required by section 130 of the Act; or 2. the accounts do not accord with those records; or 3. the accounts do 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. Harish Gaglani ACCA Association of Chartered Certified Accountants Macalvins Limited Chartered Accountants 7 St John's Road Harrow Middlesex HA1 2EY 24 November 2021 Page 3 ## **NISHKAM SIKH WELFARE & AWARENESS** ## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2020** |2020
Unrestricted
fund
Notes
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
499,233
**EXPENDITURE ON**
Raising funds
174,639
**NET INCOME**
324,594
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
485,905
**TOTAL FUNDS CARRIED FORWARD**
810,499|2019
Total
funds
£
266,138
107,798| |---|---| ||158,340
327,565| ||485,905| The notes form part of these financial statements Page 4 ## **NISHKAM SIKH WELFARE & AWARENESS** ## **BALANCE SHEET 31 DECEMBER 2020** |Notes
**FIXED ASSETS**
Tangible assets
4
**CURRENT ASSETS**
Debtors
5
Cash at bank and in hand
**CREDITORS**
Amounts falling due within one year
6
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
**CREDITORS**
Amounts falling due after more than one year
7
**NET ASSETS**
**FUNDS**
9
Unrestricted funds
**TOTAL FUNDS**|2020
Unrestricted
fund
£
999,551
-
453,204
453,204
(162,166)
291,038
1,290,589
(480,090)
810,499
810,499
810,499|2019
Total
funds
£
973,296
14,219
190,956
205,175
(194,981)
10,194
983,490
(497,585)
485,905
485,905
485,905| |---|---|---| The financial statements were approved by the Board of Trustees and authorised for issue on 24 November 2021 and were signed on its behalf by: S S Sira - Trustee The notes form part of these financial statements Page 5 **NISHKAM SIKH WELFARE & AWARENESS** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020** ## **1. ACCOUNTING POLICIES** ## **Basis of preparing the financial statements** The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention. ## **Income** All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. ## **Expenditure** Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. ## **Tangible fixed assets** Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Fixtures and fittings - 25% reducing balance Motor vehicles - 25% reducing balance ## **Taxation** The charity is exempt from tax on its charitable activities. ## **Fund accounting** Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. ## **2. TRUSTEES' REMUNERATION AND BENEFITS** ## **Trustees' expenses** There were no trustees' expenses paid for the year ended 31 December 2020 nor for the year ended 31 December 2019. Page 6 continued... **NISHKAM SIKH WELFARE & AWARENESS** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020** ## **3. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES** ## **4.** |**INCOME AND ENDOWMENTS FROM**
Donations and legacies
**EXPENDITURE ON**
Raising funds
**NET INCOME**
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
**TOTAL FUNDS CARRIED FORWARD**
**TANGIBLE FIXED ASSETS**
Improvements
to
property
£
**COST**
At 1 January 2020
951,190
Additions
-
At 31 December 2020
951,190
**DEPRECIATION**
At 1 January 2020
-
Charge for year
-
At 31 December 2020
-
**NET BOOK VALUE**
At 31 December 2020
951,190
At 31 December 2019
951,190|Fixtures
and
fittings
£
4,789
1,548
6,337
2,769
892
3,661
2,676
2,020|Unrestricted
fund
£
266,138
107,798
158,340
327,565
485,905
Motor
vehicles
Totals
£
£
66,778
1,022,757
41,161
42,709
107,939
1,065,466
46,692
49,461
15,562
16,454
62,254
65,915
45,685
999,551
20,086
973,296| |---|---|---| continued... Page 7 **NISHKAM SIKH WELFARE & AWARENESS** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020** |**5.**|**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**||||| |---|---|---|---|---|---| |||||2020|2019| |||||£|£| ||Other debtors|||-|14,219| |**6.**|**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**||||| |||||2020|2019| |||||£|£| ||Trade creditors|||5,616|-| ||Other creditors|||156,550|194,981| |||||162,166|194,981| |**7.**|**CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN**||**ONE YEAR**||| |||||2020|2019| |||||£|£| ||Bank loans (see note 8)|||480,090|497,585| |**8.**|**LOANS**||||| ||An analysis of the maturity of loans is given below:||||| |||||2020|2019| |||||£|£| ||Amounts falling due in more than five years:||||| ||Repayable by instalments:||||| ||Bank loans more 5 yr by instal|||480,090|497,585| |**9.**|**MOVEMENT IN FUNDS**||||| |||||Net|| |||||movement|At| |||At|1.1.20|in funds|31.12.20| ||||£|£|£| ||**Unrestricted funds**||||| ||General fund|485,905||324,594|810,499| ||**TOTAL FUNDS**|485,905||324,594|810,499| ||Net movement in funds, included in the above are as follows:||||| |||Incoming||Resources|Movement| |||resources||expended|in funds| ||||£|£|£| ||**Unrestricted funds**||||| ||General fund|499,233||(174,639)|324,594| ||**TOTAL FUNDS**|499,233||(174,639)|324,594| continued... Page 8 **NISHKAM SIKH WELFARE & AWARENESS** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020** ## **9. MOVEMENT IN FUNDS - continued** ## **Comparatives for movement in funds** |At 1.1.19
£
**Unrestricted funds**
General fund
327,565
**TOTAL FUNDS**
327,565
Comparative net movement in funds, included in the above are as follows:
Incoming
resources
£
**Unrestricted funds**
General fund
266,138
**TOTAL FUNDS**
266,138|Net
movement
At
in funds
31.12.19
£
£
158,340
485,905
158,340
485,905
Resources
Movement
expended
in funds
£
£
(107,798)
158,340
(107,798)
158,340|At
31.12.19
£
485,905| |---|---|---| |||485,905| |||158,340| A current year 12 months and prior year 12 months combined position is as follows: |**Unrestricted funds**
General fund
**TOTAL FUNDS**|At 1.1.19
£
327,565
327,565|Net
movement
in funds
£
482,934
482,934|At
31.12.20
£
810,499| |---|---|---|---| ||||810,499| A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: |**Unrestricted funds**
General fund
**TOTAL FUNDS**|Incoming
resources
£
765,371
765,371|Resources
Movement
expended
in funds
£
£
(282,437)
482,934
(282,437)
482,934|Resources
Movement
expended
in funds
£
£
(282,437)
482,934
(282,437)
482,934| |---|---|---|---| ||||482,934| continued... Page 9 **NISHKAM SIKH WELFARE & AWARENESS** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020** ## **10. RELATED PARTY DISCLOSURES** There were no related party transactions for the year ended 31 December 2020. Page 10 ## **NISHKAM SIKH WELFARE & AWARENESS** ## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2020** |**INCOME AND ENDOWMENTS**
**Donations and legacies**
Donations
**Total incoming resources**
**EXPENDITURE**
**Raising donations and legacies**
Insurance
Food & Other Homeless Supplies
Rent and Rates
Sundries
Motor & Travelling
Repairs & Maintenance
Advertising & Promotion
Staff Welfare
Protective Clothing
Bank Charges
Accountancy & Independent Examiner's Fees
Cleaning
Depreciation Charge Fixtures & Fittings
Depreciation Charge - Motor Vehicles
Printing and stationary
Legal and Professional
Loan Interest
Telephone
Computer Cost
Total resources expended
**Net income**|2020
£
499,233
499,233
10,022
83,599
8,521
-
24,174
1,829
5,500
148
-
60
944
774
892
15,562
1,713
-
18,884
2,017
-
174,639
174,639
324,594|2019
£
266,138| |---|---|---| |||266,138
10,591
31,902
19,057
1,048
12,690
950
3,332
-
3,885
37
2,373
-
673
6,695
122
1,053
10,954
1,014
1,422| |||107,798| |||107,798| |||158,340| This page does not form part of the statutory financial statements Page 11