REGISTERED CHARITY NUMBER: 1139600
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS FOR THE PERIOD 1 JANUARY 2021 TO 31 MARCH 2022
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 PERIOD 1 JANUARY 2021 TO 31 MARCH 2022
| 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 | 9 |
| Detailed Statement of Financial Activities | 10 |
NISHKAM SIKH WELFARE & AWARENESS
REFERENCE AND ADMINISTRATIVE DETAILS FOR THE PERIOD 1 JANUARY 2021 TO 31 MARCH 2022
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
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NISHKAM SIKH WELFARE & AWARENESS
REPORT OF THE TRUSTEES FOR THE PERIOD 1 JANUARY 2021 TO 31 MARCH 2022
The trustees present their report with the financial statements of the charity for the period 1 January 2021 to 31 March 2022. 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.
ACHIEVEMENT AND PERFORMANCE
Charitable activities
The charity has been at the forefront of providing support to those who were shielding and vulnerable including the elderly.
The charity has also provided hot meals to NHS staff across the country serving around 300 meals a day during the pandemic.
We continue to provide basic healthcare to the homeless.
FINANCIAL REVIEW
Reserves policy
The charity maintains reserves of at least three months worth of total expenditure.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
Recruitment and appointment of new trustees
Trustees are recruited through a recommendation scheme and they are recruited initially on a 6 month trial basis and then voted in or out.
Approved by order of the board of trustees on 31 January 2023 and signed on its behalf by:
H Lall - Trustee
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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 period 1 January 2021 to 31 March 2022.
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:
-
accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
-
the accounts do not accord with those records; or
-
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
31 January 2023
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NISHKAM SIKH WELFARE & AWARENESS
STATEMENT OF FINANCIAL ACTIVITIES FOR THE PERIOD 1 JANUARY 2021 TO 31 MARCH 2022
| Period | |||
|---|---|---|---|
| 1.1.21 | |||
| to | Year Ended | ||
| 31.3.22 | 31.12.20 | ||
| Unrestricted | Total | ||
| fund | funds | ||
| Notes | £ | £ | |
| INCOME AND ENDOWMENTS FROM | |||
| Donations and legacies | 403,540 | 499,233 | |
| EXPENDITURE ON | |||
| Charitable activities | |||
| Food and health support | 341,269 | 174,639 | |
| NET INCOME | 62,271 | 324,594 | |
| RECONCILIATION OF FUNDS | |||
| Total funds brought forward | 810,499 | 485,905 | |
| TOTAL FUNDS CARRIED FORWARD | 872,770 | 810,499 |
The notes form part of these financial statements
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NISHKAM SIKH WELFARE & AWARENESS
BALANCE SHEET 31 MARCH 2022
| Notes FIXED ASSETS Tangible assets 4 CURRENT ASSETS Cash at bank and in hand CREDITORS Amounts falling due within one year 5 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES CREDITORS Amounts falling due after more than one year 6 NET ASSETS FUNDS 8 Unrestricted funds TOTAL FUNDS |
31.3.22 Unrestricted fund £ 1,051,720 360,722 (82,689) 278,033 1,329,753 (456,983) 872,770 872,770 872,770 |
31.12.20 Total funds £ 999,551 453,204 (162,166) 291,038 1,290,589 (480,090) 810,499 810,499 810,499 |
|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 31 January 2023 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 PERIOD 1 JANUARY 2021 TO 31 MARCH 2022
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 period ended 31 March 2022 nor for the year ended 31 December 2020.
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continued...
NISHKAM SIKH WELFARE & AWARENESS
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE PERIOD 1 JANUARY 2021 TO 31 MARCH 2022
3. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted | |
|---|---|
| fund | |
| £ | |
| INCOME AND ENDOWMENTS FROM | |
| Donations and legacies | 499,233 |
| EXPENDITURE ON | |
| Charitable activities | |
| Food and health support | 174,639 |
| NET INCOME | 324,594 |
| RECONCILIATION OF FUNDS | |
| Total funds brought forward | 485,905 |
| TOTAL FUNDS CARRIED FORWARD | 810,499 |
4. TANGIBLE FIXED ASSETS
| COST At 1 January 2021 Additions At 31 March 2022 DEPRECIATION At 1 January 2021 Charge for year At 31 March 2022 NET BOOK VALUE At 31 March 2022 At 31 December 2020 |
Improvements to property £ 951,190 - 951,190 - - - 951,190 951,190 |
Fixtures and fittings £ 6,337 - 6,337 3,661 669 4,330 2,007 2,676 |
Motor vehicles £ 107,939 85,679 193,618 62,254 32,841 95,095 98,523 45,685 |
Totals £ 1,065,466 85,679 |
|---|---|---|---|---|
| 1,151,145 | ||||
| 65,915 33,510 |
||||
| 99,425 | ||||
| 1,051,720 | ||||
| 999,551 |
continued...
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NISHKAM SIKH WELFARE & AWARENESS
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE PERIOD 1 JANUARY 2021 TO 31 MARCH 2022
| 5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||
|---|---|---|---|---|---|
| 31.3.22 | 31.12.20 | ||||
| £ | £ | ||||
| Trade creditors | - | 5,616 | |||
| Other creditors | 82,689 | 156,550 | |||
| 82,689 | 162,166 | ||||
| 6. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN | ONE YEAR | |||
| 31.3.22 | 31.12.20 | ||||
| £ | £ | ||||
| Bank loans (see note 7) | 456,983 | 480,090 | |||
| 7. | LOANS | ||||
| An analysis of the maturity of loans is given below: | |||||
| 31.3.22 | 31.12.20 | ||||
| £ | £ | ||||
| Amounts falling due in more than five years: | |||||
| Repayable by instalments: | |||||
| Bank loans more 5 yr by instal | 456,983 | 480,090 | |||
| 8. | MOVEMENT IN FUNDS | ||||
| Net | |||||
| movement | At | ||||
| At | 1.1.21 | in funds | 31.3.22 | ||
| £ | £ | £ | |||
| Unrestricted funds | |||||
| General fund | 810,499 | 62,271 | 872,770 | ||
| TOTAL FUNDS | 810,499 | 62,271 | 872,770 | ||
| Net movement in funds, included in the above are as follows: | |||||
| Incoming | Resources | Movement | |||
| resources | expended | in funds | |||
| £ | £ | £ | |||
| Unrestricted funds | |||||
| General fund | 403,540 | (341,269) | 62,271 | ||
| TOTAL FUNDS | 403,540 | (341,269) | 62,271 |
continued...
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NISHKAM SIKH WELFARE & AWARENESS
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE PERIOD 1 JANUARY 2021 TO 31 MARCH 2022
8. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| At 1.1.20 £ Unrestricted funds General fund 485,905 TOTAL FUNDS 485,905 Comparative net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 499,233 TOTAL FUNDS 499,233 |
Net movement At in funds 31.12.20 £ £ 324,594 810,499 324,594 810,499 Resources Movement expended in funds £ £ (174,639) 324,594 (174,639) 324,594 |
|---|---|
9. RELATED PARTY DISCLOSURES
There were no related party transactions for the period ended 31 March 2022.
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NISHKAM SIKH WELFARE & AWARENESS
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE PERIOD 1 JANUARY 2021 TO 31 MARCH 2022
| Period | |||
|---|---|---|---|
| 1.1.21 | |||
| to | Year En | ded | |
| 31.3.22 | 31.12.20 | ||
| £ | £ | ||
| INCOME AND ENDOWMENTS | |||
| Donations and legacies | |||
| Donations | 403,540 | 499,233 | |
| Total incoming resources | 403,540 | 499,233 | |
| EXPENDITURE | |||
| Charitable activities | |||
| Insurance | 11,565 | 10,022 | |
| Light and heat | (1,980) | - | |
| Donations | 7,949 | - | |
| Food & other homeless support | 127,838 | 83,599 | |
| Rates | 24,181 | 8,521 | |
| Sundries | 31 | - | |
| Motor & travelling | 58,445 | 24,174 | |
| Repairs | - | 1,829 | |
| Advertising & promotion | 27,972 | 5,500 | |
| Staff welfare | - | 148 | |
| Bank charges | 181 | 60 | |
| Accountancy fees | 7,864 | 944 | |
| Cleaning expenses | 56 | 774 | |
| Depreciation - Furniture & Fix | 669 | 892 | |
| Depreciation - Motor vehicles | 32,841 | 15,562 | |
| Printing & stationery | 272 | 1,713 | |
| Loan interest | 21,961 | 18,884 | |
| Telephone | 2,483 | 2,017 | |
| Computer costs | 615 | - | |
| Rent | 18,326 | - | |
| 341,269 | 174,639 | ||
| Total resources expended | 341,269 | 174,639 | |
| Net income | 62,271 | 324,594 |
This page does not form part of the statutory financial statements
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