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|Contents||||Page|
|---|---|---|---|---|
|Report ofthe|Trustees<br>(including|Directors' Report)||2-8|
|Independent|Auditor's<br>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|





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||||Unrestricted|Restricted|2021|2020|
|---|---|---|---|---|---|---|
||||fund|fund|Total funds|Total funds|
|||Notes|f|f|f|f|
|INCOME AND|ENDOWMENTS||||||
|FROM|||||||
|Donations<br>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<br>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<br>OF FUNDS|||||||
|Fund balance brought<br>forward|||141,000|116,000|257,000|193,000|
|at 1September|||||||
|TOTAL FUNDS <br>FORWARD AT|CARRIED<br> 31AUGUST||285,000|85,000|370,000|257,000|



## 



|||Group|Group|Charity|Charity|
|---|---|---|---|---|---|
|||2021|2020|2021|2020|
||||(restated~)|||
||Notes||E|E|E|
|FIXEDASSETS||||||
|Intangible<br>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<br>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<br>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<br>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<br>for:|||||||||
|Depreciation|||||||2,000|2,000|
|Decrease|in debtors||||||13,000|34,000|
|Increase|in creditors||||||364,000|1,000|
|Net cash|generated<br>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<br>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|





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||||||2021f|2020<br>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<br>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<br>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<br>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|





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|.<br>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<br>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<br>and legacies|||462,000||440,000|902,000|
|Advertisement<br>income|||159,000|||159,000|
|Total|||621,000||440,000|1,061,000|
|EXPENDITURE ON CHARITABLE|||||||
|ACTIVITIES|||||||
|Support costs|||567,000|||567,000|
|Governance<br>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<br>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<br>f|||Development<br>f||Total<br>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<br>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<br>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<br>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<br>FALLING DUE WIT|HIN ONE YEAR||||
|---|---|---|---|---|---|
|||Group|Group|Charity|Charity|
|||2021<br>f|2020f|2021f|2020<br>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<br>f|2020f|2021f|2020<br>E|
|Other creditors||42,000||||
|TOTAL FUNDS||42,000||||



## 

|6.MOVEMENT IN GROUP|FUNDS|||||
|---|---|---|---|---|---|
||At|1September 2020<br>f|Net movement|in funds<br>f|At 31August 2021<br>f|
|Unrestricted<br>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<br>f|Resources expended<br>f|Movement|in fundsf|
|---|---|---|---|---|
|Unrestricted<br>funds|||||
|Genera<br>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|





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|omparatives<br>for movement|in group funds|in group funds|||||
|---|---|---|---|---|---|---|
||At 1September 2019<br>f||Net movement|in funds<br>f|At 31August 2020||
|Unrestricted<br>funds|||||||
|General fund||93,000||48,000||141,000|
|Restricted funds|||||||
|Restricted<br>fund||100,00||16,000||116,000|
|TOTAL FUNDS||193,000||64,000||257,000|
|omparative<br>net movement|in funds, included|in the above are as follows:|||||
||Incoming|resources<br>f|Resources expended||Movement|in fundsf|
|Unrestricted<br>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<br>Farm|||Veg (UK) Ltd||||||||11,000|
|Guru|Nanak||Nishkam<br>Jatha (Birmingham)||UK|||||||
|During|the year the Trust received the following||||||donations|from:||||
|Guru|Nanak||Nishkam<br>Jatha (Birmingham)||UK|||||||
|Guru|Ki Kashi (Akal University)|||||||||||
|Sangat TV donation||||||||||||





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|||||||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<br>liabilities||||||||
|Measured<br>at amortised||cost:||||||
|-Trade creditors||||||43,000|55,000|
|-Other creditors and accruals||||||450,000|124,000|
|Measured<br>at fair value <br>-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<br>f|2021f|2021<br>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<br>f|2020<br>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|