**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 Page 1 ## **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. Page 2 **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. Page 3 ## **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 Page 4 ## **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: 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 FCCA Macalvins Limited Chartered Accountants 7 St John's Road Harrow Middlesex HA1 2EY 21 February 2024 Page 5 ## **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 Page 6 ## **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 Page 7 **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... Page 8 **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... Page 9 **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... Page 10 **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. Page 11 **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 Page 12