REGISTERED CHARITY NUMBER: 1139600
REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
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 MARCH 2023
| Page | |||
|---|---|---|---|
| Reference and Administrative Details | 1 | ||
| Report of the Trustees | 2 | to | 4 |
| Independent Examiner's Report | 5 | ||
| Statement of Financial Activities | 6 | ||
| Balance Sheet | 7 | ||
| Notes to the Financial Statements | 8 | to | 11 |
| Detailed Statement of Financial Activities | 12 |
NISHKAM SIKH WELFARE & AWARENESS
REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31 MARCH 2023
TRUSTEES R Lall (resigned 31.12.23) H Lall S S Sira PRINCIPAL ADDRESS NishkamSWAT HQ Kiran House Springfield Road Hayes Middlesex UB4 0JT REGISTERED CHARITY NUMBER 1139600 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 YEAR ENDED 31 MARCH 2023
The trustees present their report with the financial statements of the charity for the year ended 31 March 2023. 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.
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NISHKAM SIKH WELFARE & AWARENESS
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023
ACHIEVEMENT AND PERFORMANCE
Charitable activities
Over the past year, NishkamSWAT has demonstrated exceptional commitment and resilience in providing aid and support across various fronts. From supporting the homeless community in the UK to fostering community engagement and environmental stewardship, our team has made a profound impact on numerous lives.
April 2022: Enhanced our operational efficiency and environmental footprint by incorporating an electric van from Vertu Mercedes Benz for a one year loan. The van facilitated transportation of supplies, reduced emissions, and served as a symbol of our commitment to sustainability.
Community Engagement and Celebrations
Vaisakhi at the House of Lords: Participated in a high-profile event, increasing visibility and fostering cultural integration.
Queen's Platinum Jubilee: Dedicated our outreach services, reflecting our respect and admiration for HRH Queen Elizabeth's legacy.
Partnership with Beat Alliance: (a local music company) This collaboration significantly boosted our digital presence, allowing for a wider reach through our new radio station and podcast studio.
July 2022: Continuing to provide consistent support to the homeless, with a focus on nutritious meals and community engagement.
Record-Breaking Fundraising
August 2022: Sarb Singh's extraordinary achievement in breaking a world record not only raised funds but also significantly enhanced our global profile and brought attention to our cause.
Mourning the Queen
September 2022: In London, we provided warmth and solace through hot drinks and refreshments to those mourning the Queen, demonstrating compassion in times of national grief.
Healthcare Initiative
October 2022: Our healthcare project, operating in London, Slough, and Reading, went beyond feeding the hungry by providing critical medical care. Examples include on-site health check-ups, basic treatment, and health education, making a tangible difference in the lives of the less fortunate.
Festive Season Initiatives
December 2022:
The Reverse Advent Calendar Collection saw an overwhelming response, with significant donations of essentials for the homeless. The outdoor Christmas party was a heartwarming event that brought joy and festive spirit to the homeless community, featuring live music, a choir, and a special Christmas dinner.
Strategic Planning and Outreach
Looking Forward: Our strategy meetings in January 2023 focused on expanding our reach, enhancing our services, and addressing emerging challenges. The special Valentine's Day outreach in February was a testament to our innovative approach to community service.
New Service Launch in Burnt OAK
March 2023: Plans are underway to launch a new service in Burnt OAK, North London, aiming to address local needs and expand our impact.
Conclusion
This year has been a testament to NishkamSWAT's dedication to serving humanity. Our diverse initiatives, from international humanitarian aid to local community support, reflect our deep commitment to compassion, service, and making a meaningful difference in the world.
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NISHKAM SIKH WELFARE & AWARENESS
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023
As we reflect on the year's accomplishments, we extend our deepest gratitude to our esteemed donors and sponsors, whose unwavering support has been the cornerstone of our achievements. Your generosity and commitment have been instrumental in enabling us to fulfill our mission. It is with heartfelt appreciation that we acknowledge the critical role you have played in our journey. Without your support, the progress and impact we have witnessed this year would not have been possible. Your contributions have not only fueled our initiatives but have also inspired hope and positive change in the communities we serve. On behalf of the entire team and those we serve, thank you for your invaluable partnership and for believing in our cause. Your dedication is a powerful testament to the spirit of giving and solidarity that drives our work forward.
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 21 February 2024 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 year ended 31 March 2023.
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 member of the 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 FCCA
Macalvins Limited Chartered Accountants 7 St John's Road Harrow Middlesex HA1 2EY
21 February 2024
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NISHKAM SIKH WELFARE & AWARENESS
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2023
| Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 244,524 Other income 7,750 Total 252,274 EXPENDITURE ON Charitable activities Food and health support 186,517 Other 36,543 Total 223,060 NET INCOME 29,214 RECONCILIATION OF FUNDS Total funds brought forward 872,770 TOTAL FUNDS CARRIED FORWARD 901,984 |
Period 1.1.21 Year Ended to 31.3.23 31.3.22 Restricted Total Total funds funds funds £ £ £ 20,000 264,524 403,540 - 7,750 - 20,000 272,274 403,540 20,000 206,517 341,269 - 36,543 - 20,000 243,060 341,269 - 29,214 62,271 - 872,770 810,499 - 901,984 872,770 |
Period 1.1.21 Year Ended to 31.3.23 31.3.22 Restricted Total Total funds funds funds £ £ £ 20,000 264,524 403,540 - 7,750 - 20,000 272,274 403,540 20,000 206,517 341,269 - 36,543 - 20,000 243,060 341,269 - 29,214 62,271 - 872,770 810,499 - 901,984 872,770 |
|---|---|---|
| 403,540 | ||
| 341,269 - |
||
| 341,269 | ||
| 62,271 810,499 |
||
| 872,770 |
The notes form part of these financial statements
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NISHKAM SIKH WELFARE & AWARENESS
BALANCE SHEET 31 MARCH 2023
| Notes FIXED ASSETS Tangible assets 6 CURRENT ASSETS Cash at bank and in hand CREDITORS Amounts falling due within one year 7 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES CREDITORS Amounts falling due after more than one year 8 NET ASSETS FUNDS 10 Unrestricted funds TOTAL FUNDS |
Unrestricted fund £ 1,044,152 417,120 (136,404) 280,716 1,324,868 (422,884) 901,984 |
Restricted funds £ - - - - - - - |
31.3.23 Total funds £ 1,044,152 417,120 (136,404) 280,716 1,324,868 (422,884) 901,984 901,984 901,984 |
31.3.22 Total funds £ 1,051,720 360,722 (99,689) 261,033 1,312,753 (439,983) 872,770 872,770 872,770 |
|---|---|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 21 February 2024 and were signed on its behalf by:
H Lall - Trustee
The notes form part of these financial statements
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NISHKAM SIKH WELFARE & AWARENESS
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
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
The freehold property is maintained to a high standard and no depreciation is charged as in the opinion of the trustees, any such sum is immaterial.
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.
Pension costs and other post-retirement benefits
The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
2. TRUSTEES' REMUNERATION AND BENEFITS
During the year, Mr R Lall who has since resigned as trustee received total employee benefits of £36,543 for his role as a CEO of the charity.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2023 nor for the period ended 31 March 2022.
continued...
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NISHKAM SIKH WELFARE & AWARENESS
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023
3. STAFF COSTS
The average monthly number of employees during the year was as follows:
| Period | |||||
|---|---|---|---|---|---|
| 1.1.21 | |||||
| Year Ended | to | ||||
| 31.3.23 | 31.3.22 | ||||
| Chief Executive | 1 | - | |||
| No employees received emoluments in excess of £60,000. | |||||
| 4. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL | ACTIVITIES | |||
| Unrestricted | Restricted | Total | |||
| fund | funds | funds | |||
| £ | £ | £ | |||
| INCOME AND ENDOWMENTS FROM | |||||
| Donations and legacies | 403,540 | - | 403,540 | ||
| EXPENDITURE ON | |||||
| Charitable activities | |||||
| Food and health support | 341,269 | - | 341,269 | ||
| NET INCOME | 62,271 | - | 62,271 | ||
| RECONCILIATION OF FUNDS | |||||
| Total funds brought forward | 810,499 | - | 810,499 | ||
| TOTAL FUNDS CARRIED FORWARD | 872,770 | - | 872,770 | ||
| 5. | INDEPENDENT EXAMINER'S FEES |
The fee for independent examination for the period ended 31 March 2023 is £3,000 (2022: £2,500) net of VAT.
6. TANGIBLE FIXED ASSETS
| COST At 1 April 2022 Additions At 31 March 2023 DEPRECIATION At 1 April 2022 Charge for year At 31 March 2023 NET BOOK VALUE At 31 March 2023 At 31 March 2022 |
Freehold property £ 951,190 - 951,190 - - - 951,190 951,190 |
Fixtures and fittings £ 6,337 - 6,337 4,330 502 4,832 1,505 2,007 |
Motor vehicles £ 193,618 23,420 217,038 95,095 30,486 125,581 91,457 98,523 |
Totals £ 1,151,145 23,420 |
|---|---|---|---|---|
| 1,174,565 | ||||
| 99,425 30,988 |
||||
| 130,413 | ||||
| 1,044,152 | ||||
| 1,051,720 |
continued...
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NISHKAM SIKH WELFARE & AWARENESS
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||
|---|---|---|---|---|
| 31.3.23 | 31.3.22 | |||
| £ | £ | |||
| Bank loans and overdrafts (see note 9) | 18,000 | 17,000 | ||
| Taxation and social security | 11,078 | - | ||
| Other creditors | 107,326 | 82,689 | ||
| 136,404 | 99,689 | |||
| 8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN | ONE YEAR | ||
| 31.3.23 | 31.3.22 | |||
| £ | £ | |||
| Bank loans (see note 9) | 422,884 | 439,983 | ||
| 9. | LOANS | |||
| An analysis of the maturity of loans is given below: | ||||
| 31.3.23 | 31.3.22 | |||
| £ | £ | |||
| Amounts falling due within one year on demand: | ||||
| Bank loans | 18,000 | 17,000 | ||
| Amounts falling due in more than five years: | ||||
| Repayable by instalments: | ||||
| Bank loans more 5 yr by instal | 422,884 | 439,983 | ||
| 10. | MOVEMENT IN FUNDS | |||
| Net | ||||
| movement | At | |||
| At 1.4.22 | in funds | 31.3.23 | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 872,770 | 29,214 | 901,984 | |
| TOTAL FUNDS | 872,770 | 29,214 | 901,984 | |
| Net movement in funds, included in the above are as follows: | ||||
| Incoming | Resources | Movement | ||
| resources | expended | in funds | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 252,274 | (223,060) | 29,214 | |
| Restricted funds | ||||
| Women's India Association | 10,000 | (10,000) | - | |
| Polar Capital | 10,000 | (10,000) | - | |
| 20,000 | (20,000) | - | ||
| TOTAL FUNDS | 272,274 | (243,060) | 29,214 |
continued...
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NISHKAM SIKH WELFARE & AWARENESS
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023
10. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| Unrestricted funds General fund TOTAL FUNDS Comparative net movement in funds, included in the above are as follows: Unrestricted funds General fund TOTAL FUNDS |
Net movement At At 1.1.21 in funds 31.3.22 £ £ £ 810,499 62,271 872,770 810,499 62,271 872,770 Incoming Resources Movement resources expended in funds £ £ £ 403,540 (341,269) 62,271 403,540 (341,269) 62,271 |
At 31.3.22 £ 872,770 |
|---|---|---|
| 872,770 | ||
| 62,271 |
11. RELATED PARTY DISCLOSURES
During the year the company rented premises under normal commercial terms from a company in which Mr S Sira, a trustee, is director and shareholder. The total rent paid during the year was £19,992 (2022 - £18,326).
12. COMPARATIVES
Some comparatives have been reclassified to reflect the correct position.
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NISHKAM SIKH WELFARE & AWARENESS
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2023
| Period | ||
|---|---|---|
| 1.1.21 | ||
| Year Ended | to | |
| 31.3.23 | 31.3.22 | |
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Donations | 264,524 | 403,540 |
| Other income | ||
| Insurance claim | 7,750 | - |
| Total incoming resources | 272,274 | 403,540 |
| EXPENDITURE | ||
| Charitable activities | ||
| Insurance | 13,479 | 11,565 |
| Light and heat | 2,365 | (1,980) |
| Donations | - | 7,949 |
| Food & other homeless support | 37,741 | 127,838 |
| Rates | 37 | 24,181 |
| Sundries | 481 | 31 |
| Motor & travelling | 54,166 | 58,445 |
| Repairs | 11,181 | - |
| Advertising & promotion | 641 | 27,972 |
| Bank charges | - | 181 |
| Accountancy fees | 3,543 | 7,864 |
| Cleaning expenses | 80 | 56 |
| Depreciation - Furniture & Fix | 502 | 669 |
| Depreciation - Motor vehicles | 30,486 | 32,841 |
| Printing & stationery | 2,628 | 272 |
| Loan interest | 25,890 | 21,961 |
| Telephone | 1,943 | 2,483 |
| Computer costs | 1,362 | 615 |
| Rent | 19,992 | 18,326 |
| 206,517 | 341,269 | |
| Support costs | ||
| Governance costs | ||
| Trustees' salaries | 32,250 | - |
| Trustees' social security | 3,650 | - |
| Trustees' pension contributions | 643 | - |
| 36,543 | - | |
| Total resources expended | 243,060 | 341,269 |
| Net income | 29,214 | 62,271 |
This page does not form part of the statutory financial statements
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