| Contents | Page | ||||||
|---|---|---|---|---|---|---|---|
| Report ofthe | Trustees (including |
Directors' | Report) | 1-7 | |||
| Independent | Auditor's Report |
8-10 | |||||
| Consolidated | Statement of FinancialActivities | (including | Income | gt Expenditure | Account) | ||
| Consolidated | and Charity Balance | sheets | 12-13 | ||||
| Consolidated | Cash Flow Statement | 14 | |||||
| Notes forming | part ofthe FinancialStatements | 15-27 |
| Unrestricted | Restricted | 2020 | 2019 | |||
|---|---|---|---|---|---|---|
| fund | fund | Total funds | Total funds | |||
| Notes | f | f | f | f | ||
| INCOME AND ENDOWMENTS | ||||||
| FROM | ||||||
| Donations and legacies |
462,000 | 440,000 | 902,000 | 762,000 | ||
| Advertisement income |
159,000 | 159,000 | 100,000 | |||
| Total Income and endowments | 621,000 | 440,000 | 1,061,000 | 862,000 | ||
| EXPENDITURE ON | ||||||
| Charitable activities |
645,000 | 352,000 | 997,000 | 956,000 | ||
| Total expenditure | 645,000 | 352,000 | 997,000 | 956,000 | ||
| NET (EXPENDITURE) / | INCOME | (24,000) | 88,000 | 64,000 | (94,000) | |
| RECONCILIATION OF FUNDS |
||||||
| Fund balance brought | forward | 93,000 | 100,000 | 193,000 | 287,000 | |
| at 1September | ||||||
| TOTAL FUNDS CARRIED FORWARD AT31AUGUST |
69,000 | 188,000 | 257,000 | 193,000 |
| Group | Group | Charity | Charity | ||
|---|---|---|---|---|---|
| 2020 | 2019 | 2020 | 2019 | ||
| Notes | f | E | f | E | |
| FIXEDASSETS | |||||
| Intangible assets |
11 | 50,000 | 49,000 | ||
| Tangible assets | 12 | 7,000 | 3,000 | ||
| Investments | 13 | ||||
| 57,000 | 52,000 | ||||
| CURRENT ASSETS | |||||
| Debtors | 14 | 108,000 | 142,000 | 163,000 | 185,000 |
| Cash at bank and in hand | 271,000 | 177,000 | 263,000 | 168,000 | |
| 379,000 | 319,000 | 426,000 | 353,000 | ||
| CREDITORS | |||||
| Amounts falling due within |
15 | (179,000) | (178,000) | (91,000) | (106,000) |
| one year | |||||
| NET CURRENT ASSETS | 200,000 | 141,000 | 335,000 | 247,000 | |
| TOTAL ASSETS LESSCURRENT | 257,000 | 193,000 | 335,000 | 247,000 | |
| LIABILITIES | |||||
| NET ASSETS | 257,000 | 193,000 | 335,000 | 247,000 | |
| FUNDS | |||||
| Restricted funds |
16 | 188,000 | 100,000 | 99,000 | 81,000 |
| Unrestricted funds |
16 | 69,000 | 93,000 | 236,000 | 166,000 |
| TOTAL FUNDS CARRIED | 21 | 257,000 | 193,000 | 335,000 | 247,000 |
| FORWARD |
| 2020f | 2019 f |
||||||
|---|---|---|---|---|---|---|---|
| Cash flows from operating | activities: | ||||||
| NET INCOME / (EXPENDITURE) | for the reporting | period (as per the | 64,000 | (94,000) | |||
| statement offinancial activities) |
|||||||
| Adjustments for: |
|||||||
| Depreciation | 2,000 | 2,000 | |||||
| Decrease in debtors |
34,000 | 204,000 | |||||
| Increase in creditors |
1,000 | ||||||
| Net cash generated in operating |
activities | 101,000 | 112,000 | ||||
| Cash flows from investing | activities: | ||||||
| Purchase of Intangibles | (1,000) | (4,000) | |||||
| Purchase ofTangible assets | (6,000) | (4,000) | |||||
| Net cash used in financing | activities | (7,000) | (8,000) | ||||
| Change in cash and cash equivalents |
in the reporting | period | 94,000 | 104,000 | |||
| Cash and cash equivalents | at 1 | September | 177,000 | 73,000 | |||
| Cash and cash equivalents | at 31August | 271,000 | 177,000 | ||||
| Cash and cash equivalents | consist of: | ||||||
| Cash at hand and in hand | 271,000 | 177,000 | |||||
| 271,000 | 177,000 |
| 3. | DONATI | ONS | AND LEGACIES | ||||
|---|---|---|---|---|---|---|---|
| 2020 | 2019 | ||||||
| E | 6 | ||||||
| Donations | 902,000 | 762,000 | |||||
| Advertisement | income | 159,000 | 100,000 | ||||
| 1,061,000 | 862,000 | ||||||
| 4. | EXPENDITURE ON CHARITABLE ACTIVITIES | ||||||
| 2020 | 2020 | 2020 | 2019 | ||||
| Grants | payable | Supportcosts | |||||
| (Seenote 5) | (See note 6) | Totals | Tota Is | ||||
| E | E | E | E | ||||
| Charitable | activities | 352,000 | 645,000 | 997,000 | 956,000 | ||
| 352,000 | 645,000 | 997,000 | 956,000 | ||||
| 5. | GRANTS | PAYABLE |
| he tota I grants paid to institutions during the |
year was as follows: | |
|---|---|---|
| 2020 | 2019 | |
| E | E | |
| Mool Mantar Asthan | 30,000 | 166,000 |
| Guru Panth Trust | 1,000 | 44,000 |
| Kar Sewa Patna Sahib | 40,000 | 52,000 |
| Guru Ki Kashi |
8,000 | 13,000 |
| SCSSikligar | 1,000 | |
| Sheetal Kund Gurdwara |
3,000 | 16,000 |
| Kerala Floods | 26,000 | |
| Punjab Floods Appeal | 30,000 | 50,000 |
| Sangat Eye Camp | 105,000 | |
| Langar Sewa | 134,000 | |
| Other Donations | 1,000 | |
| 352,000 | 368,000 |
| . SUPPORT |
COSTS | |||
|---|---|---|---|---|
| 2020 | 2019 | |||
| Totals | Tote Is | |||
| f | f | |||
| Other Support costs | 163,000 | 69,000 | ||
| Wages (Note | 8) | 83,000 | 81,000 | |
| Television broadcasting |
costs | 331,000 | 345,000 | |
| Rent &rates | 58,000 | 69,000 | ||
| Depreciation | (Note 12) | 2,000 | 2,000 | |
| Bank charges | 2,000 | 4,000 | ||
| Governance | costs | 6,000 | 18,000 | |
| 645,000 | 588,000 |
| et (expen | diture) / Income is stated after chargi |
ng: | |
|---|---|---|---|
| 2020 | 2019 | ||
| E | f | ||
| Auditor's | remuneration | 3,500 | 3,500 |
| 3,500 | 3,500 |
| 2020 | 2019 | |||
|---|---|---|---|---|
| E | E | |||
| Wages | and | salaries | 83,000 | 81,000 |
| 83,000 | 81,000 |
| Unrestricted fund |
Restricted fund | Totalfunds | ||||
|---|---|---|---|---|---|---|
| 2019 | ||||||
| E | ||||||
| INCOME AND | ENDOWMENTS | FROM | ||||
| Donations and |
legacies | 404,000 | 358,000 | 762,000 | ||
| Advertisement | income | 100,000 | 100,000 | |||
| Total | 504,000 | 358,000 | 862,000 | |||
| EXPENDITURE | ON | CHARITABLE | ||||
| ACTIVITIES | ||||||
| Support costs Governance costs |
570,000 18,000 |
570,000 18,000 |
||||
| Grants paid | 368,000 | 368,000 | ||||
| Total | 588,000 | 368,000 | 956,000 | |||
| NET EXPENDITURE | (84,000) | (10,000) | (94,000) | |||
| RECONCILATION OF FUNDS |
||||||
| Transfer between | Funds | 32,000 | (32,000) | |||
| Total funds brought forward | 145,000 | 142,000 | 287,000 | |||
| TOTAL FUNDS | CARRIED FORWARD | 93,000 | 100,000 | 193,000 |
| 1.INTANGIBLE FIXEDASSETS | |||
|---|---|---|---|
| App | |||
| Licence Costs f |
Development | Total f |
|
| COST | |||
| At 1September 2019 | 45,000 | 4,000 | 49,000 |
| Additions | 1,000 | 1,000 | |
| At 31August 2020 | 45,000 | 5,000 | 50,000 |
| NET BOOK VALUE | |||
| At 31August 2020 | 45,000 | 5,000 | 50,000 |
| At 31August 2019 | 45,000 | 4,000 | 49,000 |
| 2. TANGIBLE FIXED ASSETS | |
|---|---|
| Plant and | |
| machinery | |
| (including | |
| motor | |
| vehicles) | |
| f | |
| COSTS | |
| At 1September 2019 | 166,000 |
| Addition | 6,000 |
| At 31August 2020 | 172,000 |
| DEPRECIATION | |
| At 1September 2019 | 163,000 |
| Charge for year | 2,000 |
| At 31August 2020 | 165,000 |
| NET BOOK VALUE | |
| At 31August 2020 | 7,000 |
| At 31August 2019 | 3,000 |
| 2020 | 2019 | |||
|---|---|---|---|---|
| E | E | |||
| Sangat TV Limited | ||||
| Turnover | 544,000 | 437,000 | ||
| Expenses | (502,000) | (503,000) | ||
| Net assets / (liabilities) | (12,000) | (54,000) | ||
| Sangat 1Limited | ||||
| Net assets | 100 | 100 | ||
| 14. DEBTORS | ||||
| Group | Group | Charity | Charity | |
| 2020 | 2019 | 2020 | 2019 | |
| E | E | E | f | |
| Trade debtors | 21,000 | 21,000 | ||
| Amounts owed by group undertakings |
153,000 | 150,000 | ||
| Other debtors | 61,000 | 81,000 | 8,000 | 27,000 |
| Prepayments | 26,000 | 40,000 | 2,000 | 8,000 |
| 108,000 | 142,000 | 163,000 | 185,000 |
| 15.CREDITORS: | AMOUNTS | FALLING DUE WITH ONE YEAR | FALLING DUE WITH ONE YEAR | FALLING DUE WITH ONE YEAR | ||||
|---|---|---|---|---|---|---|---|---|
| Group | Group | Charity | Charity | |||||
| 2020 | 2019 | 2020 | 2019 | |||||
| f | f | f | f | |||||
| Trade creditors | 55,000 | 96,000 | 53,000 | 53,000 | ||||
| Other creditors | 9,000 | |||||||
| Accruals | 124,000 | 73,000 | 38,000 | 53,000 | ||||
| TOTALFUNDS | 179,000 | 178,000 | 91,000 | 106,000 | ||||
| 16. MOVEMENT | IN GROUP | FUNDS | ||||||
| At 1September 2019 f |
Net movement | in funds f |
At 31August 2020 f |
|||||
| Unrestricted funds |
||||||||
| General fund | 93,000 | (24,000) | 69,000 | |||||
| Restricted funds | ||||||||
| Restricted fund | 100,000 | 88,000 | 188,000 | |||||
| TOTAL FUNDS | 193,000 | 64,000 | 257,000 | |||||
| Net movement in |
funds, included | in | the above are as follows: | |||||
| Incoming resources f |
Resources expended f |
Movement | in fundsf | |||||
| Unrestricted funds |
||||||||
| General fund | 621,000 | 645,000 | (24,000) | |||||
| Restricted funds | ||||||||
| Restricted fund | 440,000 | 352,000 | 88,000 | |||||
| TOTAL FUNDS | 1,061,000 | 997,000 | 64,000 |
| omparatives for move |
ment | in group funds | |||
|---|---|---|---|---|---|
| At | 1September 2018 | Net movement in |
Transfer between | At 31August 2019 | |
| E | funds | funds E | |||
| E | |||||
| Unrestricted funds |
|||||
| General fund | 145,000 | (84,000) | 32,000 | 93,000 | |
| Restricted funds | |||||
| Restricted fund |
142,000 | (10,000) | (32,000) | 100,00 | |
| TOTAL FUNDS | 287,000 | (94,000 | 193,000 |
| Incoming resources E |
Resources expended E |
Movement | in fundsf | ||
|---|---|---|---|---|---|
| Unrestricted | funds | ||||
| General fund | 504,000 | 588,000 | (84,000) | ||
| Restricted funds | |||||
| Restricted fund |
358,000 | 368,000 | (10,000) | ||
| TOTALFUNDS | 862,000 | 956,000 | (94,000) |
| 17. RELATED | 17. RELATED | PARTY DISCLOSURES | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Transactions | with Sangat TV Limited | ||||||||||
| 2020 | 2019 | ||||||||||
| E | E | ||||||||||
| Advertising | paid to Sangat TV Limited | 455,000 | 337,000 | ||||||||
| Intercompany | balance due to Sangat Trust | 108,000 | 105,000 | ||||||||
| Transactions | with Sangat 1Limited | ||||||||||
| 2020 | 2019 | ||||||||||
| E | E | ||||||||||
| Intercompany | balance due to Sangat Trust | 45,000 | 45,000 | ||||||||
| At the | end of | the year the following | amounts | were owed | from: | ||||||
| 2020 | 2019 | ||||||||||
| E | E | ||||||||||
| Guru | Nanak | Nishkam Jatha (Birmingham) |
UK | 3,000 | 5,000 | ||||||
| Guru | Ki Kashi (Akal University) | ||||||||||
| At the | end of | the year the following | was due by | Sangat Trust to: | |||||||
| Dhillon Farm |
Veg (UK) Ltd | 11,000 | 9,000 | ||||||||
| Guru | Nanak | Nishkam Jatha (Birmingham) |
UK | 19,000 | |||||||
| During | the year the Trust received the following | donations | from: | ||||||||
| Guru | Nanak | Nishkam Jatha (Birmingham) |
UK | 6,000 | |||||||
| Guru | Ki Kashi (Akal University) | 44,000 |
| he carrying amoun | ts o | fthe | ch | arity's fina |
ncial instruments are as f |
ollows: | |
|---|---|---|---|---|---|---|---|
| 2020 | 2019 | ||||||
| E | E | ||||||
| Financial assets | |||||||
| Measured at fair value |
through | SOFA: | |||||
| -Cash at bank and | in hand | 271,000 | 177,000 | ||||
| Debt instruments | measured | at | amortised | cost | |||
| -Trade debtors | 21,000 | 21,000 | |||||
| -Other debtors | 61,000 | 70,000 | |||||
| Financial liabilities |
|||||||
| Measured at amortised |
cost: | ||||||
| -Trade creditors | 55,000 | 96,000 | |||||
| -Other creditors and accruals | 124,000 | 82,000 |
| 1. ANALYSIS OF NET ASS | ETS BETWEEN FUNDS | |||
|---|---|---|---|---|
| Unrestricted | funds | Restricted funds | Total | |
| 2020 | 2020 | 2020 | ||
| f | f | f | ||
| Fixed Assets | 57,000 | 57,000 | ||
| Debtors | 108,000 | 108,000 | ||
| Cash at bank | 83,000 | 188,000 | 271,000 | |
| Creditors | (179,000) | (179,000) | ||
| 69,000 | 188,000 | 257,000 | ||
| Unrestricted | funds | Restricted funds | Total | |
| 2019 | 2019 | 2019 | ||
| f | f | f | ||
| Fixed assets | 52,000 | 52,000 | ||
| Debtors | 142,000 | 142,000 | ||
| Cash at bank | 77,000 | 100,000 | 177,000 | |
| Creditor | (178,000) | (178,000) | ||
| 93,000 | 100,000 | 193,000 |