## |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|