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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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**==> picture [5 x 2] intentionally omitted <==**
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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|
##
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|||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||||||
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||||||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.|||||
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|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|
##
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|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|
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|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|
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|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|
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|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|
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|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|Movement|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)|
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|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.||||||||||
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|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|
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|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|