REGISTERED CHARITY NU.MBER: 113961KI REPORT OF THE TRUSTEES ND UNAUDITED FINAIICIAL STATEi4IEITS FOR THE YEAR EllED 31 hlARCH 2024 FOR ISHKAIII SIKH IIELFARE & AII:ARENESS Macali'ins Lirniicd Chartered Accountants 7 St Jobn's Road Harrow Mi(Idlesex HAI 2EY
NISHKAl SIKH WELFARE & AW'ARENESS coYrEYTS OF THE FIYAliCIAL STATEMEINTS FOR THE I'EAR EfiDED 31 I¥IARCH 2024 Page Reference and AdmiD15tratii'e Detai15 Report of the Tru51ees Independent Examiner's Report Statement of Finantial Actiii¢ies Balallee Sheet Notes to the FillaDcial Ststemellts 8 to 12 Detailed Statement of FIna(la1 Actiiities
NISHKAM SIKH WELFARE & AW'ARENESS REFERENCE AI%D ADMII%ISTIL4TII-E DETAILS FOR THE YEAR EIIIIED 31 hlARCH 2024 TRUSTEES R Lall (resigned 31.12.20231 H Lall Sssira PIUNCIPAL ADDRESS NishkamSMIAT IIQ Kirdn HO¥t Springfield RIMd Haycs Middle UB4 OJT REGISTERED CHARITY NLIIIBER 11396 1Tr4DEPENDE)T EXAMINER Macalvit]s Litnited C"hanered Accountants 7 St John's Road Harrow Middlesex HAI 2EY Pagc I
NISHKAM SIKH WELFARE & AW ARENESS REPORT OF THE TRLSTEES FOR THE YEAR EINIIED 31 I¥IARCH 2024 The trnstees preqent their rert with the flnancial SL2temenLS of the Charity for the y&v ended 31 March 2024. The trustees have adoptcd the PrO.]S7OnS of Accounting and Reporting by Charities.. statent of Recominended Practice applicable to charities Prep6. tbeit acLounts in accoidauce the Finallcial RqrtIng Standard applicable in the UK dnd RepubliL of Ireland IFRS 102) (effeciive l January 20191. OBJECTII'ES AND ACTIVITIES Objectiies aDd aitns NishkamSWAT is a chaTity that gupports the homeless and displaced tommunity in London and nationally. We were founded in 2008 and since have growm io a fomiidable force for g(xKI wilh a i'olunieer bank of over 10(XJ Volunets. seNing up ro 4000 hot meals every week along wilh ivami clothing sleeping bags and blankets. hats, scarnes and gloves particularly during the colder months. Excwiionally, NishkamSWAT is a lo/0 voluntary organisation m¢aning ¢ do not pav any wagts, 8alari¢s or ¢xp¢ns¢s to our board n]embers or have paid stsff at the charity- All of our income is deployed back specifically to helping Ihose in need. We ale a value led OT¥<if115alion with selfle55ness at its cote where w)rd NL5hkam trdnslates to 'selfless'. We ask all our volunteets to serve seltlessly and Simply for the loi"e ol- sening humanily. We hai'e ?7 iTr¥eeklv ouireach sessions from 19 Iall0ftS including The Strand in Central London io Kings Cross. Shorediich, Slough. Reading. Oxford and Lall1er to name a few. We have been recognised by a number of extrefftely prestigious organisatioDS for tbe ongoing Ork we have been blessed to do ill the ctsmmunity and our most recent accolade was being honoured to receive the Queens Award for Voluntary Service along with five other separate ini'ithtions for Yolunieers 10 visit Buckjngham Palace in the last two years. As w¢ll as th¢ home1¢ proj¢ct w¢ off¢r our hom¢l¢ss and displac fri¢nds gu¢sts a¢5$ to ollr h¢alth¢ar¢ projcct wh¢r¢ have had a huge impact in taking the strain off of the NHS dealinq iiith b&sic medical needs of a homeless rsOn. Set up in 2015, we have a netwotk of i'olunteei docto[5. dentist5, pharmacists and other healthcare profesSiOt]als that ¥0 out weekly with our dtnbulance io supwrt those who may noi have access io basic medical cate. Pag¢ 2
NISHKAM SIKH WELFARE & AW ARENESS REPORT OF THE TRLSTEES FOR THE YEAR EINIIED 31 I¥IARCH 2024 ACHIEVEMENT AfD PERFORfvIADCE Charitable activities Over the past year, NishkamSWAT h&5 demonstrdted exceptional commitment and resilience in providing aid and support across various frunts. From supporting. the homeless comrnunilv in the UK to fosletin¥ community enLFabFement and eni'ir(Trnmental stewardship, our ieam has made a profound impaci on numen)us lives. April 2022.. Enlwiccd our 0rational cfficicncy and cnvironmcntsl f(KJlprint by incorwrating an cltttric van from Vcrtu Mcrccdcs Benz for a one year loan. The van facilitated transporration of supplies, reduced emissions, and served as a symbol of our ctsmmitment to sustainability. Community Engagement and Celebrations Vaisakhi at the House of Lords.. Participated in a high-profile event. incre&sing visibility and f05tering culturdl integration. Queen's Plaiinum Jubilee: DediCad our outreach services. fleeI]ng our resped and admirdtion for HRH Queen Elitheth's legacy. Pannership with Bcat Allian¢c' {a Ial rnusic company) This collab)ration significanily Ewstcd our digital prcscncc, allowing for a wider reach through our new radio station and tcaSt smdio. July 2022.. Continuing to provide consistent suprrf)rt to the homeless. with a focus on nutritious mvdls and community engagement. Record-Br¢aking Fundraising Au¥ust 2022.. Satb Sin¥h's extordinary achie3Ettient in breakin¥ 3 wodd te£ord not only raised fi]nds but also si¥nificantly enhanced our global profile and brought aiieniion io our cause. Mauming thc Quecn September ?022.. tn Londo we provided wattuth alld )laCe thtough bot thiuks aDd refresbmellts to those mourn]Thg the Queen, demonstrating compassion in times of national gnef. H¢althcar¢ Initiativ¢ (ktober 2022.. Our healthcare project. operatin¥ in London. Slou¥tL and Readill u'ent beyond feedin¥ the hun¥ry by providin¥ criiical medical ca. Examples include on-site healih check-ups. basic treaimenL and healih education, making a tangible dilTerence in the lii'es of the less fortunate. Festive Season Initiatives December 2022.. The Reverse Advent Calendar Collecllon saw an ovenvbelming res]x)nse. with significant th)nations of essentials for the homeless. Thc outdoor Christrnas paty was a hrartwarniing ¢'Cnt that brought joy and fcstic spirit to thc hoinclcss community, fcaturing liv¢ music, a choir, and a special chriSmL dinner. Strategic Planning and Outreach [)kIng Fonyard.. Our strategy meetings in January 2023 f(Kused on expanding our reach, enhancing our service5, and addressing emerging challenges. The special Valentine's Day outreach in February w&s a teStannI to our it0.at1ve approach to community service. New Service Launch in Bumt OAK March 2023.. Plans are undenvay to launch a new Service in Burnt OAK North London, aiming to address l(Kal need5 and expand our impact. Conclusion This y&qr has been a testatnent to NishkamSWAfs dedication to ser%Trng humanity- Our divet5e initiatives, frorn international humanitarian aid to IoLal Lorntnunity 5UPWbrt. reflect our deep cornmittnenl to cornpas5iun, seTh'ice. and making a meaningful difference in the world. Pag¢ 3
NISHKAM SIKH WELFARE & AW ARENESS REPORT OF THE TRLSTEES FOR THE YEAR EINIIED 31 I¥1ARCH 2024 As we reflect on the yearfs accomplishmenis. we extend our dee1 graiiwde to our esteem donors and sponsors, whose unwai'ering support has been the comersione of our achieiements. Your genemsity and commitment hai'e been instrumental in enabling us to fulfill our Tnission. It is with hearffelt appreciation that we acknowledge the critical role you hai'e played in our journey. Without yout SUPPOrt. the progtes5 aud iPaCI we bai"e withessed thi.s year would not have been possible. Your contributions have not only fueled our iniiiaiives bui bal'e also inspired hope and positive change in the communilies we serve. On behalf of the eniire team and ihose we sen'e. Ih8nk you for your invaluable parniership and for believing in our cause. Your dcdicaiion is a poivcrful tcstamcnt to th¢ spirit of giN'ing nd solidariry that drivcs our work forward. FINANCIAL REVIEW Reserves polic). The charity maintains reserves of at leasi three months wonh olts)thl exndIre. STRUCTURE. GOI'ERNANCE AND MANAGEMEYr Governing document The charity is controlled by its gol'eming d(Umen[ a deed of irusi and consti1u an unincorporated charily. Recruitment and appointment of new trustees Tn]siees are reLruiied ihrougb a recommendaiion scheme and they are reernid iniiially on a 6 month trial basis and then vot&l in or out. Approved by oidei of the IK)atd of trustee5 on 15 April 2025 and Signed on its behalf by: H Lall - Trustee Pag¢ 4
INDEPEPDENT EM.IIIPiER'S REPORT TO THE TRUSTEES OF YISHKAM SIKH IIELFARE & AMARENESS Independent examiner's report to ihe trustees of lSkM Sikb lelfre & AM"reness l Teport to the charity trUSe8 on my examination of the accounts of Nishkam Sikh WeifaTe & Awareness {the Trusti for the year ended 31 March 2024. Responsibilities and basis of report As the charit! trustees of the Trust you are resrKJnsible for the preparation of the accounts in accordance with the requirements of the Cl]aritl¢s Act 2011 ('th¢ Act,). I rq)ort in regpe¢t of my examination of the Trusts accounts carrie41 out under Section 145 of the Act and in cawing out my examination I have followed all applicable Direciions given by ihe Chariry Commission under Secrion 14515Kbl of the Act. Independent examiner's statement Since your charity's gross income exceeded £250.(X)O your examiner musi be a member of a listed body. I can confimi that l am qualified to und¢rtak¢ th¢ ¢xaminaiion b¢¢aus¢ l arn a m¢mb¢r of th¢ Associaiion of Chart¢r¢d Certified Accountants, which 15 one of the listed bodies. I have coMpled my examination. I confirn) ihai m*erial mat have come to my alnitOn in cotmeciion with the examination giving me cause beliei'e ibai in any maierial resrrtl- accounting records were not kept in resi of the Trust as required by Section 130 of the Act; or the accounts do not accord with those iecord5- or Ihe accounis do not comply wilh the applicable requirements coneeming the forni and con¢enl of accounts set out in the Charities (Accounts and Rewirtsl Regulations 21MJ8 other than any requiremeni that ihe accounts gTve a trne and fair view which is not a matt¢r consid¢r¢d as part of an ind¢p¢nd¢nt ¢xamination. I haN'e no concerns and have corne acios5 no other rnattet5 in connection "ith the exalnination to which attention should be drdmryj in Ihis report in order to enable a pn)per understhnding of the accounts to be ¢bed. HIsh Ga¥lani FCCA Macalvins Limited Chartered Accounianis 7 St John's Road Middlesex HAI 2EY 15 April 2025 Pag¢ 5
NISHKAM SIKH WELFARE & AW'ARENESS STATEMENT OF FINA]%CIAL ACtIN'ITIES FOR THE YEAR E1)ED 31 I¥1ARCH 2024 31.3.24 Total funds 31.3.23 Total fidS Unrestricted fid Restricted funds Notcs INCONIE AND ENDOIITrIENTS FROM Donation5 legacies 291.353 291,353 264,524 Charitable actiTrities Food and health 5UPPOrt Other income 16,2(M) 16.200 7.750 Total 312,553 312,553 272,274 :XPD-YDI'IURI: ON Chariiablc aCtitieS Food and health support 285.081 285.081 206.517 36,543 Total 285,081 285,081 243,060 NET tNCOME 27,472 27,472 29214 RECONCILIATION OF FUNDS Total lunds. bTtsught lutw'aid 1.984 901,984 872,770 TOTAL FUTr4DS CARRIED FORM'ARD 929.456 929,456 901.984 Thc notcs fonn part of thw financial staicmcnts Page 6
NISHKAM SIKH WELFARE & AW ARENESS BALANCE SHEET 31 MARCH 2024 31.3.24 Total funds 31.3.23 Total fidS Unrestricted fid Restricted funds Notcs FIXED ASSETS Tangible assets 1.042,412 1,042,412 1,044,152 CURRENT AETs Cash at bank 359.456 359,456 417,120 CREDITORS Amuunts falling due within one yeaT (62.970) (62.970) 1136,404) NET CURRENT ASSETS 296.486 296.486 280.716 TOTAL ASSETS LESS CURRENT LL4BILITIES 1.338.898 1.338.898 1.324.868 CREDITORS Amounts falling due after more than one yvar 1409.442) (409,442) (422,884) NET ASSETS 929,456 929,456 901,984 FUNT)S Unrc%trictcd ndS 10 929,456 901.984 TOTAL FUND 9?9.4$6 901.984 The tinancial s(aiements were approved by the Board of TnleeS and authorised for issue on 15 April 2025 and were Sied on its behalf by.. H Lall - Trnstee Thc notcs fonn part of thcse flnancial statcmcnts Page 7
NISHKAM SIKH WELFARE & AW ARENESS I%OTES TO THE FINLNCIAL STATENIE)IS FOR THE YEAR EINIIED 31 I¥IARCH 2024 ACCOUNTING POLICIES Basi5 of preparing the financial statements The [inLIa7 sldtemenls of the charily, M'hich is a public tThefii entity under FRS 102, have been prepared in accordance 'ith the Charilies SORP {FRS 1021 Accounting and Re]x)rting by C"hariiies". Sthtement of ReLommended PractiLe applicable io chariiies preparing their accounis in accordance wilh Ihe Financial Reponing Sthndard applicable in the UK and Republic of Ir¢land {FRS 1021 Icffcctivc l January 2019),. Financial RctM)rting Stsndard 102 Th¢ Financial Rcporting Standard applicable in the UK and Republic of Ireland. and the Charities Act 2011. The financial statanents have been prq)ared under the histOTi¢al cost convention. Ineome All income is recognised in the Statement ofFinan¢ial Activities once the chatity has entitlement to the llds, it is probable Ihai ihe income will received and ihe amouni can be measurnl reliably. Expendithre Liabiliiies are recognised as exrndityre as swn as ihere is a legal or c0nsmicti'e obligaiion committing the charity to that expenditurc. it is probable that a transfcr of cconomic En¢fiLS I4'ill r¢quircd in s¢ttl¢m¢nt and the amaunt nf thc obligatinn can be measured reliably. Expenditure is accounted foi on an accruals basis and has been cl&8sified under headings that aggregate all cost related to the category. Where costs G*]Dot be directly atttibuted to particular heath.ngs they have been allocated to activiiies on a basis consisteni with ihe use of resources. Tangible fixed assets Depreciation is prO.]ded at the following annual rates in orderto Wri off each asset over its Qstimated useful life. Fixturcs and fittings Motor vehicles 25Q/o rcducing balancc 25 /0 reducin¥ balance The freehold properry is mainthined a high sthndard and no depreciation is charged as in ihe opinion of the ttwrees. any such sum is immaterial. Taxation Th¢ charity is ¢x¢mpt from tax on its charitsblc a¢riviti¢s. Fund accounting Unrestricted fidS can be llsed in accordance the charitable objectives at the d]"scretion of the tntees. Rebtricied funds can only used for patticulai resiricied puttM)ses M."iihin ihe objects of the chatily. Restrictions arise when specified by ihe donor or when funds are rdised for panicular reSthed pr)se5. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. Pension ¢0sts and other p05t-retiremeDt benefits The cljatity operates a defined contribution pension scheme. Couttibutions payable to the charity's pension scheme are charged to the Statrment of Fitmncial Activities in the tkniKI to wlll.ch they telate. TRUSTEES, REMUNERATION ND BENEFrrs During the year, Mr R Lall Trtho has since resigned as Inree receiNed total employee benefits of £43,(K)O for his role as a CEO of th¢ charity. Trustees, expenses There were no trustees, exper paid for the year ended 31 March 2024 nor for the ytdrended 31 March 2023. Pag¢ 8 ¢ontinu¢d...
NISHKAM SIKH WELFARE & AW'ARENESS NOTES TO THE FI%AI%CIAL STATEMEI%TS- continued FOR THE YEAR E1)ED 31 lARCH 2024 STAFF COSTS The average monthly number ofemployees during the year was as follows: 31.3.24 31.3.23 Chief Executive No cmployccs rcccivcd cmolumcnts in cxccss of £60,(MM). COMPARATIVES FOR THE STATEMENT OF FINAYCIAL ACTIVITIES Unr¢strict¢d fimd R¢stri¢ted fLdS Total fidS INCOME AND ENDOWMEYTS FROM t)ollations and legacies 244.524 20.IK)O 264,524 Other income 7.750 7.750 Total 252.274 20,IK)O 272.274 EXPENDITURE ON Charitable aeti>'ities F(x)d and health gupwrt 186.517 20.IK)O 206,517 Other 36.543 36,543 Total 223,060 20.IK)O 243,060 NET INCOME 29214 29214 RECONCILIATION OF FUNDS Total fund5 brought fonwaid 872.770 872,770 TOTAL FUNDS CARRIED FORWARD 901.984 901,984 INDEPENDENT EXAI¥IINER'S FEES Thc fcc for indcpcndcnt cxatnination for thc pcriLxI ¢nd¢d 31 March 2024 is £4,IXXI {2023.. £3.IK)O) nct of VAT. Pag¢ 9 ¢ontinu¢d...
NISHKAM SIKH WELFARE & AW'ARENESS NOTES TO THE FI%AI%CIAL STATEMEI%TS- continued FOR THE YEAR E1)ED 31 lARCH 2024 TAf*GIBLE FIXED.4SSETS Fixtutes Freehold pro Motor vehicles fittings Totals COST At l April 2023 Additions 951,190 6,337 217,038 21,5(X) 1,174,565 21,500 At 31 March 2024 951.190 6.337 238,538 1.196,065 DEPRECIATION At l April 2023 Charge for year 4.832 376 125.581 22,864 130.413 23,240 At 31 March 2024 5,?08 148,445 153,653 NET BOOK Tr"ALUE At 31 March 2024 951.190 1.129 90.093 1.042,412 At 31 March 2023 951.Ig) 1,505 91,457 1,044,152 CRF.DITORS: AMOUNTS FALLIYG DUF. ITrryTHtN ONF. YF.AR 31.3.24 31.3.23 Bank loans and overdrafis (see note 9) Taxation and la1 security Other creditors 18.0(M) 14.292) 49,262 18.000 11.078 107,326 62,970 136.404 CREDITORS: AIIIOUNTS FALLtYG DUE AFfER MORE TH} ONE TrIAR 31.3.24 31.3.23 Bank l(wis (see note 9) 409,442 422,884 LOANS An a]Ydlysis of the maturiiy of loans As giN"en low.. 31.3.24 31.3.23 Amounts falling due Mrythin one year on detnand: Bank loans 18.0(KJ 18.000 Amounts falling due in more than fli'e yrJrs'. Repayable by in5talrnentS= Bank loans more 5 yr by instal 409.442 422.884 Pag¢ 10 ¢ontinu¢d...
NISHKAM SIKH WELFARE & AW'ARENESS NOTES TO THE FI%AI%CIAL STATEMEI%TS- continued FOR THE YEAR EINIIED 31 lARCH 2024 MOVE_MENT IN FUNDS Net movement in fimds At 31.3.24 At 1_4_23 Vnrestri£ted funds Gcllcral fund 901.984 27,472 929,456 TOTAL FUNDS 901.984 27,472 929.456 Net movement in funds. included in the atNive are as follows= Incoming Resources expended Movcmcnt in fi]nds Unrestrieted funds General fijnd 312.553 {285.081) 27.472 TOTAL FUNDS 312,553 {285,081 } 27.472 Comparatives for movement in fvnds Net movement in funds At 31.3.23 At 1.4.22 Unrestricted lunds General fund 872.770 29.214 901.984 TOTAL FUNDS 872.770 29,214 901.984 Compardtive net movement in fuT]ds. included 11] the alM)ie are 35 follows." IornIng Resources ¢xp¢ndcd Movement in fiu)ds Unrestricted funds CJeneral fi]nd 252274 {223,060) 29,214 Restricted fuDd5 Won]en's India Association Polai Capital 10,O(K) 10.(XK) {10,otK)) {10,(xA)) 20,(XK) 120,(XK)} TO"IAI. FUNDS 272.274 {243.IhO} 29,214 Pag¢ I ¢ontinu¢d...
NISHKAM SIKH WELFARE & AW'ARENESS NOTES TO THE FI%AI%CIAL STATEMEI%TS- continued FOR THE YEAR EINIIED 31 lARCH 2024 MOVE_MENT IN FUNDS- eontinued A curreni year 12 months and prioryear 12 monihs combined ]K6ilion is as follows.. N¢t ovetnent in funds At 31.3.24 At 1.4.22 Unrestricted funds Genetal fund 872,770 56,686 929,456 TOTAL FUNDS 872,770 56.686 929.456 A current year 12 Tnonths and ptioryear 12 month5 Cotnbined net Tnovement 11] fids, included in the above are as follows.. oming Resources exnded Movement in funds Unrestricted funds G¢n¢ral fund 564.827 (508,141) 56,686 Restricted funds Ivomcn's India Association PolaT Capital 10,(MM) 10.(KA) {10,(KM)) {10,(KA)} 20,(XK) 120,(XM)) TOTAL FUTr4DS 584,827 (528,141) 56.686 RELATED PARTY DISCLOSURES During the y&gr the COTnpany rented premi8es under norn]al cotnrnercial tem]s from a company in which Mr S Sira, a tntee, is director and Shareholder. The total rent paid durin(w the y£a5 £19.99212023 - £19,992). 12. COMPARATtVES Some comparatives have been JYclassifLed refleci the uwreci w)siliOn. Pag¢ 12
NISHKAM SIKH WELFARE & AW ARENESS DETAILED sTATEIENT OF FINAI%CIAL ACTIVITIES FOR THE YEAR EINIIED 31 lARCH 2024 31.3.24 31.3.23 INCOME AND ENDOWMENTS Donations and legacies Donations 291.353 264.524 Charitable actiTr?ties Grants 5,0(Ml Other income Insurgncc clairn Rental income 7,750 16,21K) 16.21A) 7.750 Total incoming resources 312,553 272.274 EXPE.NDITURE Charitable activlties Insurance Light and hcal t)onatiotLS Food & other homeless support Rates Sundries Motor & travelling Repairs AdvertisingF & promotLOIi Bank charges Accountancy fees Clcaning cxpcnscs tkpreciation- Furniture & FiA tkpreciation- Motor vehicle5 Printing & stationery Loan inierest Telephone CoTnputer costs Rent Staff training Subriptions 11.629 20.462 2,250 19,6?1 18,073 343 66.362 3.493 1.220 845 9,494 124 376 22,864 483 37.464 1.262 2.009 19,992 200 2,412 13.479 2,365 37,741 37 481 54.166 641 3.543 80 502 30,486 2.628 25.890 1,943 1,362 19,992 240,978 206,517 Support costs Governance fosts Trnstces, 5alarics TnLStees' 50Lial security TruSes, pension conthbulions 43,(KN) 32,250 3.650 643 1.103 44.103 36,543 Total resources expended 285.081 243,060 Net income 27,472 29,214 This page does not fomi part of ihe stswiory financial $thMen[S Pag¢ 13