2021-08-31-accounts - Sangat Trust

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Contents				Page
Report ofthe	Trustees (including	Directors' Report)		2-8
Independent	Auditor's Report			9-12
Consolidated	Statement of Financial Activities (including		Income &Expenditure	Account)13
Consolidated	and Charity Balance	sheets		14-15
Consolidated	Cash Flow Statement			16
Notes forming	part ofthe Financial	Statements		17-29

			Unrestricted	Restricted	2021	2020
			fund	fund	Total funds	Total funds
		Notes	f	f	f	f
INCOME AND	ENDOWMENTS
FROM
Donations and	legacies		538,000	1,013,000	1,551,000	902,000
Advertisement	income		66,000		66,000	159,000
Total Income and endowments			604,000	1,013,000	1,617,000	1,061,000
EXPENDITURE	ON
Charitable activities			460,000	1,044,000	1,504,000	997,000
Total expenditure			460,000	1,044,000	1,504,000	997,000
NET INCOME /	(EXPENDITURE)		144,000	(31,000)	113,000	64,000
RECONCILIATION OF FUNDS
Fund balance brought forward			141,000	116,000	257,000	193,000
at 1September
TOTAL FUNDS FORWARD AT	CARRIED 31AUGUST		285,000	85,000	370,000	257,000

		Group	Group	Charity	Charity
		2021	2020	2021	2020
			(restated~)
	Notes		E	E	E
FIXEDASSETS
Intangible assets	11	50,000	50,000
Tangible assets	12	11,000	7,000
Investments	13
		61,000	57,000
CURRENT ASSETS
Debtors	14	95,000	108,000	164,000	163,000
Cash at bank and in hand		757,000	271,000	733,000	263,000
		852,000	379,000	897,000	426,000
CREDITORS
Amounts falling due within	15	(501,000)	(179,000)	(508,000)	(91,000)
one year
NET CURRENT ASSETS		351,000	200,000	389,000	335,000
TOTAL ASSETS LESSCURRENT		412,000	257,000	389,000	335,000
LIABILITIES
CREDITORS
Amounts falling due more than	15	(42,000)
one year
NET ASSETS		370,000	257,000	389,000	335,000
FUNDS
Restricted funds	16	85,000	116,000	121,000	99,000
Unrestricted funds	16	285,000	141,000	268,000	236,000
TOTAL FUNDS CARRIED	21	370,000	257,000	389,000	335,000
FORWARD

							2021	2020
							E	E
Cash flows from operating		activities:
NET INCOME for the reporting			period (as per the statement			offinancial	113,000	64,000
activities)
Adjustments for:
Depreciation							2,000	2,000
Decrease	in debtors						13,000	34,000
Increase	in creditors						364,000	1,000
Net cash	generated in operating		activities				492,000	101,000
Cash flows from investing		activities:
Purchase	of intangibles							(1,000)
Purchase	oftangible assets						(6,000)	(6,000)
Net cash	(used in) financing	activities					(6,000)	(7,000)
Change in cash and cash equivalents				in the reporting	period		486,000	94,000
Cash and	cash equivalents	at 1	September				271,000	177,000
Cash and	cash equivalents	at 31August					757,000	271,000
Cash and	cash equivalents	consist of:
Cash at bank and in hand							757,000	271,000
							757,000	271,000

					2021f	2020 f
Donations					1,551,000	902,000
Advertisement			income		66,000	159,000
					1,617,000	1,061,000
4.	EXPENDITURE ON CHARITABLE ACTIVITIES
				2021	2021	2021	2020
				Grants payable	Support costs
				(Seenote 5)f	(See note 6)f	Totals	Totals f
Charitable		activities		1,044,000	460,000	1,504,000	997,000
				1,044,000	460,000	1,504,000	997,000

he total	grants	paid to	institu	tions during the year w	as as follows:
					2021	2020
						(restated —see Note 1)
						f
Mool Mantar		Asthan			8,000	30,000
Guru Panth Trust						1,000
Kar Sewa Patna Sahib					163,000	40,000
Guru Ki	Kashi				12,000	8,000
Humanitarian		Aid- Farmers'		Families	147,000
Humanitarian		Aid- Farmers'		Support	122,000
Sheetal	Kund	Gurdwara			8,000	3,000
Medical	Fund				257,000
Punjab	Floods	Appeal				30,000
Sangat	Eye Camp				28,000	105,000
Langar	Sewa				132,000	134,000
Other Donations					1,000	1,000
Legacy	Appeal				40,000
GNNSJ	Refund				(9,000)
Sangat	Aid Advertising		Costs		135,000	72,000
					1,044,000	424,000

. SUPPORT	COSTS
			2021	2020
			Totals	Totals
			f	(as restated)
				f
Other Support costs			115,000	163,000
Wages (Note	8)		92,000	83,000
Television broadcasting		costs	179,000	259,000
Rent gt rates			58,000	58,000
Depreciation	(Note 12)		2,000	2,000
Bank charges			3,000	2,000
Governance	costs		11,000	6,000
			460,000	573,000

		2021	2020
			f
Auditor's	remuneration	3,500	3,500
		3,500	3,500

			2021	2020
			f	f
Wages	and	salaries	92,000	83,000
			92,000	83,000

0. COMPARATIVES	FOR THE	STATEMENT	OF FINANCIAL	ACTIVITIES	(as restated)
			Unrestricted	fund	Restricted fund	Total funds
						2020
						E
INCOME AND ENDOWMENTS		FROM
Donations and legacies			462,000		440,000	902,000
Advertisement income			159,000			159,000
Total			621,000		440,000	1,061,000
EXPENDITURE ON CHARITABLE
ACTIVITIES
Support costs			567,000			567,000
Governance costs				6,000		6,000
Grants paid and related costs					424,000	424,000
Total			573,000		424,000	997,000
NET INCOME				48,000	16,000	64,000
RECONCILATION OF	FUNDS
Total funds brought	forward			93,000	100,000	193,000
TOTAL FUNDS CARRIED FORWARD			141,000		116,000	257,000

1.INTANGIBLE FIXED	ASSETS
								App
					Licence Costs f			Development f		Total f
COST
At 1September 2020						45,000		5,000	50,000
Additions
At 31August 2021						45,000		5,000	50,000
NET BOOK VALUE
At 31August 2021						45,000		5,000	50,000
At 31August 2020						45,000		5,000	50,000
he licence isto operate	a satellite		TV channel	which has an indefinite		life and	in	the opinion ofthe directors		has
uffered no impairment	in value	in	the year. The App Development		will	be amortised		when it becomes	operational.
2. TANGIBLE FIXEDASSETS
					Plant and
					machinery
					(including
						motor
						vehicles)
						f
COSTS
At 1September 2020						172,000
Addition						6,000
At 31August 2021						178,000
DEPRECIATION
At 1September 2020						165,000
Charge for year						2,000
At 31August 2021						167,000
NET BOOK VALUE
At 31August 2021						11,000
At 31August 2020						7,000

	2021f	2020 f
Sangat TV Limited
Turnover	497,000	544,000
Expenses	(521,000)	(502,000)
Net (liabilities)	(37,000)	12,000
Sangat 1Umited
Net assets	100	100
4. DEBTORS
	Group	Group	Charity	Charity
	2021	2020	2021	2020
	E	f	f.	E
Trade debtors	5,000	21,000
Amounts owed by group undertakings			157,000	153,000
Other debtors	59,000	61,000	6,000	8,000
Prepayments	31,000	26,000	1,000	2,000
	95,000	108,000	164,000	103,000

5.CREDITORS: AMOUN	TS FALLING DUE WIT	HIN ONE YEAR
		Group	Group	Charity	Charity
		2021 f	2020f	2021f	2020 E
Trade creditors		43,000	55,000	53,000	53,000
Other creditors		8,000
Accruals		450,000	124,000	440,000	38,000
TOTAL FUNDS		501,000	179,000	493,000	91,000
CREDITORS: AMOUNTS	FALLING DUE	Group	Group	Charity	Charity
MORE THAN ONE YEAR		2021 f	2020f	2021f	2020 E
Other creditors		42,000
TOTAL FUNDS		42,000

6.MOVEMENT IN GROUP	FUNDS
	At	1September 2020 f	Net movement	in funds f	At 31August 2021 f
Unrestricted funds
Generalfund		141,000		144,000	285,000
Restricted funds
Restricted fund		116,000		(31,000)	85,000
TOTAL FUNDS		257,000		113,000	370,000

	Incoming resources f	Resources expended f	in fundsf
Unrestricted funds
Genera Ifund	604,000	460,000	144,000
Restricted funds
Restricted fund	1,013,000	1,044,000	(31,00D)
TOTAL FUNDS	1,617,000	1,504,000	113,0DD

omparatives for movement	in group funds	in group funds
	At 1September 2019 f		Net movement	in funds f	At 31August 2020
Unrestricted funds
General fund		93,000		48,000		141,000
Restricted funds
Restricted fund		100,00		16,000		116,000
TOTAL FUNDS		193,000		64,000		257,000
omparative net movement	in funds, included	in the above are as follows:
	Incoming	resources f	Resources expended		Movement	in fundsf
Unrestricted funds
General fund		621,000		573,000		48,000
Restricted funds
Restricted fund		440,000		424,000		16,000
TOTAL FUNDS		1,061,000		997,000		64,000

17. RELATED	17. RELATED		PARTY DISCLOSURES
Transactions			with Sangat TV Limited
								2021	2020
								E	f
Advertising		paid to Sangat TV Limited					430,000		455,000
Intercompany			balance due to Sangat Trust				112,000		108,000
Transactions			with Sangat 1Limited
								2021	2020
								E	f
Intercompany			balance due to Sangat Trust				45,000		45,000
At the	end of		the year the following	amounts		were owed		from:
										2021	2020
										E	E
Guru	Nanak		Nishkam Jatha (Birmingham)		UK						3,000
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
Guru	Nanak		Nishkam Jatha (Birmingham)		UK
During	the year the Trust received the following						donations	from:
Guru	Nanak		Nishkam Jatha (Birmingham)		UK
Guru	Ki Kashi (Akal University)
Sangat TV donation

						2021f	2020f
Financial assets
Measured at fair value		through		SOFA:
-Cash at bank and	in hand					757,000	271,000
Debt instruments	measured		at	amortised	cost
-Trade debtors						5,000	21,000
-Other debtors						45,000	61,000
Financial liabilities
Measured at amortised		cost:
-Trade creditors						43,000	55,000
-Other creditors and accruals						450,000	124,000
Measured at fair value -Bank loan		through		SOFA:		50,000

1. ANALYSIS OF NET ASSETS BETWEEN	FUNDS (as re	stated —see	Note 1)
	Unrestricted	funds	Restricted funds	Total
		2021 f	2021f	2021 f
Fixed Assets		61,000		61,000
Debtors		95,000		95,000
Cash at bank	672,000		85,000	757,000
Creditors (due within one year)	(501,000)			(501,000)
Creditors (due more than one year)	(42,000)			(42,000)
	285,000		85,000	370,000
	Unrestricted	funds	Restricted funds	Total
		2020 f	2020 f	2020f
Fixed assets		57,000		57,000
Debtors		108,000		108,000
Cash at bank		155,000	116,000	271,000
Creditor	(179,000)			(179,000)
		141,000	116,000	257,000