2023-08-31-accounts - Sangat Trust

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Contents
Report ofthe	Trustees (including	Directors' Report)			2-9
Independent	Auditor's Report				10-13
Consolidated	Statement ofFinancial Activities (Including		Income & Expenditure	Account)
Consolidated	and Charity Balance	sheets			15-16
Consolidated	Cash Flow Statement				17
Notes forming	part ofthe Financial	Statements			18-30

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		Unrestdicted	Restricted	2023	2022
		fund	fund	Totalfunds	Totalfunds
	Notes	E	E	E	E
INCOME AND ENDOWMENTS
FROM
Donations and legacies		409,000	345,000	754,000	1,050,000
Advertisement income		79,000		79,000	74,000
Total income and endowments		488,000	345,000	833,000	1,124,000
EXPENDITURE ON
Charitable activities		544,000	345,000	889,000	1,175,000
Total expenditure		544,000	345,000	889,000	1.175,000
NET EXPENDITURE		(56,000)		~50,000)	)51,010)
RECONCILIATION OF FUNDS
Fund balance brought forward at 1September		319,000		319,000	370,000
TOTAL FUNDS CARRIED FORWARD AT31AUGUST		263,000		263,000	319,000

		Group 2023	Group 2022	Charity 2023	Chadity 2022
	Notes
FIXEDASSETS
Intangible assets Tangible assets	11 12	50,000 23,000	50,000 20,000
Investments	13
		73,000	70,000
CURRENT ASSETS
Debtors	14	92,000	105,000	218,000	166,000
Cash at bank and in hand		576,000	745,000	552,000	717,000
		668,000	850,000	770,000	883,000
CREDITORS Amounts falling due within	15	(466,000)	(577,000)	(571,000)	(652,000)
one year NET CURRENT ASSETS		202,000	273,000	199,000	231,000
TOTAL ASSETS LESSCURRENT		275,000	343,000	199,000	231,000
LIABILITIES
CREDITORS
Amounts falling due more than	15	(12,000)	(24,000)
one year
NET ASSETS		263,000	319,000	199,000	231,000
FUNDS
Restricted funds Unrestricted funds	16 16	263,000	319,000	199,000	231,000
TOTAL FUNDS CARRIED		263,000	319,000	199,000	231,000
FORWARD

					2023	2022
						E
Cash flows from operating NET EXPENDITURE for the	activities: reporting	period	(as per the		(56,000)	(51,000)
statement offinancial activities)
Adjustments for. Depreciation					6,000	4,000
Decrease/(increase) in debtors					13,000	(10,000)
Decrease/(increase) in creditors					(123,000)	58,000
Net cash (used in)/generated	from operating		activities		(160,000)	1,000
Cash flows from investing	activities:
Purchase oftangible assets					(9,000)	(13,000)
Net cash used in financing	activities				(9,000)	(13,000)
Change in cash and cash equivalents		in the reporting		period	(169,000)	(12,000)
Cash and cash equivalents	at 1September				745,000	757,000
Cash and cash equivalents	at31August				576,000	745,000
Cash and cash equivalents	consist oE
Cash at bank and in hand					576,000	745,000
The notes on pages 18to 30form part		ofthese financial statements.

3.	DONAT	IONS	AND LEGACIES
						2023 f	2022f
Donations						754,000	1,050,000
Advertisement			income			79,000	74,000
						833,000	1,124,000
4.	EXPENDITURE ON CHARITABLE ACTIVITIES
				2023	2023	2023	2022
				Grants	Support
				payable (See note 5) f	costs (Seenote 6)f	Totals	Totals f
Charitable		activities		345,000	544,000	889,000	1,175,000
				345,000	544,000	889,000	1,175,000

		2023	2022
		6	E
Mool Mantar Asthan Kar Sewa Patna Sahib Guru Ki Kashi Humanitarian Aid- Farmers' Sheetal Kund Gurdwara	Support	2,000 5,000 99,000	10,000 29,000 30,000 10,000 7,000
Medical Fund Sangat Eye Camp Langar Sewa GNNSI- Kar Sewa Harmandir	Sahib (Amritsar Sahib)	26&000 9,000 66,000 44,000	104,000 41,000 93,000 253,000
SCSSikllgar indonesia Floods Fund Baba Kashmir Singh (Bhuriwale) Nepal Earthquake Fund Pingalwara		94,000 345&000	2,000 5,000 1,000 111,000 1,000 697,000

6. SUPPORT COSTS
		2023	2022
		Totals	Totals
		8	8
Other support costs Wages (Note 8) Television broadcasting	costs	112,000 108p000 245,000	128,000 104,000 176,000
Rent &rates		58,000	52,000
Depreciation (Note 12) Bank charges Governance costs		6,000 3,000 12,000	4,000 3,000 11,000
		544,000	478,000

7.	NET INCOME
Net	Income is stated after charging:

		2D23	2022
		8	8
Auditor's	remuneration	5,DDD	3,500
		5,000	3,500

as Nil	(20	22- NIL)
			2023	2022
			8	8
Wages	and	salaries	108,000	104,000
			108,000	104,000

0. COMPARATIVES FORTHE STATEMEN	T OF FINANCIAL ACTIVITIE	S
	Unrestricted fund	Restncted fund	Totalfunds
			2022
			E
INCOME AND ENDOWMENTS FROM
Donations and legacies Advertisement income	438,000 74,0DD	612,000	1,D50,000 74,000
Total	512,000	612,000	1,124,000
EXPENDITURE ON CHARITABLE
ACTIVITIES Support costs Governance costs Grants paid and related costs Total expenditure	467,000 11,000 478,000	697,000 697,000	467,000 11,000 697,000 1,175,000
NET INCOME/(EXPENDITURE)	34,000	(85,000)	(51,000)
RECONCILATION OF FUNDS
Total funds brought forward	285,000	85,000	370,000
TOTAL FUNDS CARRIED FORWARD	319,000		319,000

1.INTANGIBLE FIXEDASSETS
		App
	Licence Costs	Development
	E	E
COST
At 1September 2022	45,000	5,000	50,000
Additions
At 31August 2023	45,000	5,000	50,000
NET BOOK VALUE
At 31August 2023	45,000	5,000	50,000
At 31August 2022	45,000	5,000	50,000

		Plant and
		machinery
		(including
		motor vehicles)
		6
COSTS
At 1September	2022	191,000
Addition		9,MO
At 31August 2023		200,000
DEPRECIATION
At 1September	2022	1711MO
Charge for year At 31AuguSt 2023		6,000 1 MO
NET BOOK VALUE
At 31August 2023		23,000
At 31August 2022		20,000

Trustees' Report, and charitable objectives financial information is as follows:	of the ultimate paren	t company (Sangat	Trust). The subs	idiaries releva
	2023	2022
	E	f
Sangat TV Limited
Turnover	590,000	639,000
Profit for the year	5,000	88,000
Net Assets	56,000	51,0DO
Sangat 1 Limited
Net assets	100	100
14, DEBTORS
	Group	Group	Charity	Charity
	2023 f	2022 E	2023 f	2022 f
Trade debtors	21,000	18,000
Amounts owed by group undertakings			213,000	160,000
Other debtors	53,000	57,000	4,000	5,000
Prepayments	18,000	30,000	1,000	1,000
	92,000	105,000	218,000	166,000

5.CREDITORS: AMOUNTS FALLING DUE WIT	HIN ONE YEAR
	Group	Group	Charity	Charity
	2023 E	2022 E	2023	2022 f
Trade creditors	3,000	3,DDD	116,000	78,000
Other creditors	1,000	6,0DD
Accruals	462,000	568,000	455,000	574,000
TOTALFUNDS		577,000	571,000	652,000
CREDITORS: AMOUNTS FALLING DUE	Group	Group	Charity	Charity
MORE THAN ONE YEAR	2023	2022	2023	2022
		E	6	E
Other creditors	12,000	24,000
TOTALFUNDS	12,000	24,000

16.MOVEMENT IN GROUP FUND	S
	At 1September 2022f	Net movement	in funds E	At 31August 2023 E
Unrestricted funds	319,000		(56,000)	263,000
General fund
Restricted funds
Restricted fund
TOTAL FUNDS	319,000		(56,000)	263,000
Net movement in funds, included	in the above are as follows:

	Incoming resources	Resources expended	in funds
	E	E	E
Unrestricted funds
General fund	488,000	544,000	(56,000)
Restricted funds
Restricted fund	345,000	345,000
TOTALFUNDS	833,000	889,000	(56,000)

Comparatives for movement	in group funds	in group funds
	At1September 2021 E		Net movement		in fundsf	At91August 2022
Unrestricted funds
General fund		285,000			34,000	319,000
Restricted funds
Restricted fund		85,000			(85,000)
TOTAL FUNDS		370,000			(51,000)	319,000
Comparative net movement	In funds, included	in the above are as follows:
	Incoming	resourcesf	Resources	expendedf		Movement	in fundsf
Unrestricted funds
General fund		512,000			478,000		34,000
Restricted funds
Restricted fund		612,000			697,000		(85,000)
TOTAL FUNDS		1,124,000		1,175,000			(51,000)

17.RELATED PARTY DISCLOSURES
Transactions with Sangat TVLimited
							2023f	2022 f
Advertising paid to Sangat TV Limited Intercompany balance due to Sangat		Trust					511,000 114,000	565,000 115,000
Transactions with Sangat 1 Limited
							2023	2022
							E	E
Intercompany balance due to Sangat		Trust					45,000	45,000
Transactions with other Related Parties
							2023	2022
							E	E
Advertising income from Kalgidhar Trust Advertising income from Guru Nanak Nishkam Jatha (Birmingham) Expenses reimbursed to Jit Singh						UK	46,000 16,000 4,000	27,000 25,000 6,000
Expenses reimbursed to Lakhwinder		Singh					1,000	1,000
Atthe end ofthe year the following	amounts were owed			from:
							2023	2022
							f	f
Guru Nanak Nishkam Jatha (Birmingham)			UK				8,000	3,000
Kalgidhar Trust							12400	10000
Atthe end ofthe year the following	was		due by Sangat Trust to:
							2023	2022
							f	E
Guru Nanak Nishkam Jatha (Birmingham)			UK				6,000	12,000
Guru Ki Kashi (Akal University)								6,000
During the year the Trust received the		following donations		from:
							2023	2022
							f	f
Sangat TV donation								20,000
Guru Nanak Nishka m Jatha (Birmingham)			UK is an unincorporated		charity in which the Bhai Sahib			Bhai Mohinder	Singh
Ahluwalia is aTrustee.

he carrying amoun	ts ofthe cha	rity's fina	ncial instruments are asfoll	ows:
				2023	2022
				E	E
Financial assets
Measured at fair value through		SOFA:
-Cash at bank and	in hand			576,000	745,000
Debt instruments	measured at	amortised	cost
-Trade debtors				21,000	18,000
-Other debtors				53,000	42,000
Financial liabilities
Measured at amortised cost:
-Trade creditors				3,000	3,000
-Other creditors and accruals				463,000	574,000
Measured at fair value through -Bank loan		SOFA:		12,000	24,000

1.ANALYSIS OF NETASSETS BETWEEN	FUNDS
	Unrestricted funds	Restdcted funds	Total
	2023	2023	2023
	f	f	f
Fixed assets	73,000		73,000
Debtors	92,000		92,000
Cash at bank	576,000		576,000
Creditors (due within one year)	(466,000)		(466,000)
Creditors (due more than one year)	(12,000)		(12,000)
	263,000		263,000
	Unrestricted funds	Restricted funds	Total
	2022	2022	2022
	f	f	f
Fixed assets	70,000		70,000
Debtors	105,000		105,000
Cash at bank	745,000		745,000
Creditors (due within one year)	(577,000)		(577,000)
Creditors (due more than one year)	(24,000)		(24,000)
	319,000		319,000