Sangat Trust
(A Company Limited By Guarantee)
Trustees, Annual Report
And Consolidated Financial
Statements
Year Ended: 31 August 2024
Charity no: 1139995
Company no: 07355264

SANGAT TRUST
Contents
Page
Report of the Trustees (including Directors, Report)
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 of the Financial Statements
17-29
Page 1

SANGAT TRUST {Company Number 07355264)
Report of the Trustees (including Directors, Report)
for the year ended 31 August 2024
OVERVIEW
The Trustees, who are also directors of the Sangat Trust I'the Trust, or'the charity, or'the company,) for the purposes
of the Companies Act, submit their annual report and the audited consolidated financial statements of the charity for
the year ended 31 August 2024. The consolidated financial statements comprise the financial statements of the charity
and its subsidiary undertakings which collectively are referred to as 'the group,. The Trustees have adopted the
provisions of the Statement of Recommended Practice (SORP) "Accounting and Reporting by Charities" IFRS102} in
preparing the annual report and financial statements of the charity.
The financial statements have been prepared in accordance with the accounting policies set out in the notes to the
financial statements and comply with the charity's governing document, the Charities Act 2011, the Charities Act 2022
(where relevant) and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to
charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and
Republic of Ireland- SORP {FRS 102) published in October 2019.
OBJECTS OF THE CHARITY
The charity is a charitable company limited by guarantee and was set up on 24 August 2010. It is governed by a
memorandum and articles of association. Its objects are:
To advance the education of the public in Slkh arts, culture and heritage;
To advance the Slkh religion for the benefit of the public through the holding of prayer meetings, lectures, public
celebration of religious festivals, producing and/or distributing literature on the Sikh faith to enlighten others
about the Sikh religion;
The prevention or rellef of poverty by providing grants, itemsand services to indlviduals in need andlor charities,
or other organizations working to prevent or relieve poverty; and
To promote and protert the physical and mental health of people who have been affected by drug and alcohol
abuse, physical abuse, forced marriages, caste discrimlnation, infanticlde and human trafficking through the
provision of education, counselling and support.
The charity has a wholly owned subsidiary (Sangat TV Limitedl which, together with its own wholly owned subsidiary
Sangat l Limited, encapsulates the operations of Sangat TV Limited, a satellite broadcast facility which aims to address
the Trust's objects.
REFERENCE AND ADMINISTRATIVE DETAILS
FOR THE CHARITY, ITSTRUSTEES AND ADVISERS
Charity Registration Number- 1139995
Company Registration Number-07355264
Charity Address- 20 Great King Street North, Birmingham, B19 2LF
Trustees
Bhai Sahib Bhai Mohinder Singh Ahluwalia (Chairman), Mr Ranbir Singh Attwal, Mr Gurpartap Singh Dhillon,
Mr Avtar Singh Chandan, Mr Jit Singh Thind, Baba Dr Davinder Singh (Honorary Co Chairman).
Registered Office-20 Great King Street North, Birmingham, B19 2LF
Bankers- HSBC Bank Plc, 46 The Broadway, Ealing, London W5 5JR
th
Independent Auditor- Rawlinson & Hunter Audit LLP, 8 Floor. 6 New Street Square, New Fetter Lane, London, EC4A
3AQ.
Page 2

SANGAT TRUST (Company Number 07355264)
Report of the Trustees (including Directors, Report)
for the year ended 31 August 2024 (continued)
CHAIR'S REPORT
The term "Sangat" denotes a gathering of individuals who share similar beliefs and are dedicated to practicing and
promoting the virtues of their faith. According to the teachings of Guru Granth Sahib Ji,
'Satsa ngat Ka isee jaa neeai
Jithai eako naam vakhaaneeai is interpreted to signify a way of life characterised by virtuous conduct and righteous
living.
We extend our sincere appreciation to the Sikh community {Sangatl for their unwavering support to the Trust
throughout another challenging yet progressive year. Our objective remains rooted in disseminating the cherished
values of Sikh Dharam, emphasizi ng virtuous livinE and righteous behaviour acros5 all spheres of life. It is the conviction
that individuals of noble character will strive for the welfare of all, leaving no one behind. We must continue to
motivate and inspire our youth. In pursuit of this noble goal, particularly through the medium of media, we must
embrace innovation and optimism.
The year 2023-2024 was shaped by significant global and national events, from geopolitical conflicts to the evolving
economic landscape and technological advancements. The need for humanitarian efforts and community cohesion has
become ever more vital. Amidst these developments, the Trust has remained committed to its mission, adapting to changes
while maintaining our focus on service, education, and outreach.
The Role of Media and Technology
Increased global awareness of interconnectedness and interdependence, particularly concerning the elderly, the vulnerable,
and those with limited mobility, has underscored the importance of multimedia technology. This technology serves as a
means to engage, educate, and share the Dharmic path while promoting virtues and values, including reconciliation. Notably,
advancements in historical conservation a nd beautification of sacred sites have been relayed, offering virtual pilgrimages.
Digital technology has also facilitated the continuation of virtual prayers and 'Keertan' fostering community cohesion. We
recognize the power of technology to support all faith traditions, fostering new dialogues and relationships between the
spiritual and secular.
Strengthening Governance and Sustainability
The Trust continues to bolster its distinguished team of selfless Trustees, comprising individuals with diverse educational,
professional, commercia I, and volu ntary backgrounds. The organizational structure is a ptly formulated to fulfil the Trust's
charitable objectives and reporting obligations, with expanded governance, finance, and operational support teams. As the
Trust enters its fourteenth year, SlEnificant strides have been made toward ongoing sustainability, complementing the
delivery of our objectives.
l. To advance the Sikh rel igion for the public benefit through prayer meetings, religious festivals, and educational
content.
2. To promote public education in Sikh arts, culture, and heritage.
3. To prevent or alleviate poverty through grants, services, and community support.
4. To promote and protect the physical and mental health of individuals affected by various social challenges.
l express my heartfelt gratitude to the army of selfless who have dedicated their time and expertise, including those who
have contributed to the establishment of new studios in Birmingham in 2024. The universal message of Sikh Scripture calls
upon us to recognize humanity as one family and to acknowledge the divine in all.
Page 3

SANGAT TRUST (Company Number 07355264)
Report of the Trustees {including Dlrectors, Report)
for the year ended 31 August 2024 (continu•d)
Sangat Trust must Continue to effect change at the grassroots level, Inspirln8 and empowering our youth through education
centered on val
es and integrity of character.
Bhai Sahi
, Bhai Mohinder Singh Ahluwalia OBE KSG
Chairman, Sangat Trust
Date:
3 0 JUN 2025
sniucruRE. GOVERNANCE AND MAthIAGEMENr
Ternis of Tntst
The Trust is a registered charity (number 1139995) whose princlpal putTr05e is to finance charitsble purposes In
whatever manner the Trustees, In their absolute discretlon. deem sultable.
The policy of the Trust is to seek sufficient finance to contlnue to fund charitable expenditure.
Organisation
The Trustees of the charlty meet at least 3 times a yearto discuss overall strategy and to determine how best to dlrect
its reSoUr￿S to meet its objertives. The Board of the Trustees now comprises of its six {6) trustees who are named on
page 2. Bhai Sahib Bhai Mohindersingh acts as Chairman of the 8oard of theTrustees.
Appolntment of Trnstees
The appointment of Trustees is governed by the Goveming document of the charity being its articles of association.
The authorisation to appoint Trustees, of which the￿ must be at least 3, is vested in the Board of TTUStees.
Tnistee Indurtion and tralning
A number of new trustees with the requisite skills have been registered in the past years. They were made aware of
their legal obligations under Charity Law. the deeision-makin8 proce55e5 at the Twst, Its strategic aims and re￿Trt
performance. They have been provided with a pack of relevant documentatlon, including a budget, planned charitable
expenditure, a current list of practical projects and copies of recent publications and press releases.
All Trustees wlll be encouraged to attend induction and training events from time to tlme which will assist them in
their roles.
Relatsd partles
Tran5action5 wlih related parties are disclosed in Note 17 to the financial statements.
Grant makln8 pollry
We consider requests forgrants and make grants which meetthe charitys objects as outlined on page 2.
OBJECTIVES. AcfiviTIES, FINANCIAL REVIEWAND FUTURE PLANS
The results for the year are set out on page 13.
Page 4

SANGAT TRUST {Company Number 07355264)
Report of the Trustees {including Directors, Report)
for the year ended 31 August 2024 (continued)
The premises occupied by Sangat Trust and Sangat TV Limited at Monument Road IBirmingham} and Scotts Road
Isouthalll were provided on a rent-free basis by Mr Jit Singh Thind and Mr Gurpartap Singh Dhillon respectively. We
are extremely thankful to them and many other such volunteers who provided free services and support during the
advancement of the organisation. The total value of donated services included in the accounts was £41K {2023 - £54kl
in relation to rent.
During the period the Trust met its objectives by making project grants, commissioning religious research, developing
collaborative initiatives a nd organising seminars and other policy-related events, as set out below.
Sangat Trust continued to support the ambitious educational projects of The Kalgidhar Trust Baru Sahib-Educate to
Save IETS educatetosave.coml primarily aimed at funding the ed ucation of underprivileged children in the vicinity of
Akal Academies and supporting Guru Ki Kanshi (Akal University Project).
Prominence is given to V151ting Holy men Saints, and Mahapurakhs - exalted lum i na ries, from India, by highlighting
their good work in the form of charitable and reliEiOUS activities, hence, promoting them as "role models" for society,
with a specific emphasis concerning the Sikh Dharam, Sikh community worldwide, and India.
Every effort is made to raise awareness about community related event5 in the UK Parliament such as celebration of
'V3isakhi'
birthday of Khalsa Panth.
Humanitarian Aid, upholding the elite fundamental values of Sikh faith such as Sarbat da Bhalla (well-being and
goodwill for all), Chardikala (An everlasting optimism), equality, justice, zero hunger- food for all (Langar Seva),
championing human rights and Kar Sewa Harmandir Sahib (Amritsar Sahib), was one of the major highlights of this
year. Humanitarian aid this year predominantly comprised of Langar Seva and Medical aid,
Sangat Trust participates i n variou5 celebrations (Including numerous Centenary celebrations fall i ng due each year) in
large numbers and the live coverage of the same which is professionally delivered with much desired quality and
content is highly appreciated by the Sangat world-wide. Guru Ji's message of equality, communal harmony, saint-
soldier character, Khalsa solidarity, justice, courage and valour is well remembered and preached, The fervour and
momentum of these celebrations has continued unabated.
Above celebrations and a550ciated relation building has resulted in SangatTV, now, relaying live broadcast from Takhat
Shri Patna Sahib and p055ibi1ity of relaying from Kenya in the near future. Contribution of Bhai Sahib Bhai Mohinder
Singh Ahluwalia, Chairman of GNNSJ and Sangat Trust, in achieving this result has been remarkable, instrumental and
respectable. Bhai Sahib ji representing GNNSJ has been awarded and honoured with the seva of Mool Mantar Asthan
at Sultanpur Lodhi, Takhat Sri Patna Sahib, Sheetal Kund in Bihar and Kar Sewa Harmandir Sahib {Amritsar Sahib}.
Sangat Trust through Sangat TV brings all the Sikh Sangat together in support of these mammoth celebrations and
religious heritage projects.
Above initiatives which include Mool Mantar Asthan, Kar Seva Patna Sahib, Guru Ki Kanshi IAkaal University), Medical
fund,Sangat Eye Camp, Langersewa and GNNSJ Karsewa Harmandirsahib IAmritsarSahib} works resulted in total grant
payments of £115,00012023 £345,000) as detailed in Note 5 of the account5.
Supporting a Sikh Helpline led by Giani Sukha Singh is another initiative to provide advice a nd guidance on tackling
issues like bullying, harassment. domestic violence, mental health and where to go for support if you are a victim of
these social evils.
18 February 2024 marked the launch of brand new Sangat TV studios in Birmingham by the courtesy of Guru Nanak
Nishkam Sevak Jatha- Birmingham. Sangat from all walks of life attended this well planned event and enjoyed a much
awaited landmark in the history of Sangat TV.
Page 5

SANGAT TRUST (Company Number 07355264)
Report of the Trustees (including Directors, Report)
for the year ended 31 August 2024 (continued)
New Sangat TV Studio facilities and related infrastructure will undoubtedly auger well for the future projects and
aspirations of Sangat. Sangat highly appreciated this self-less {Nishkam) seva organized by the Honorable Chairman
Bhai Sahib Bhai Mohinder Singh Ahluwalia.
Baba Dr Davinder Singh Ji (President- The Kalgidhar Trust- Baru Sahib) and Dr Neelam Kaur Ji (Advisor- Educational
& Healthcare - Baru Sahib) as our esteemed guests joined in the celebrations and were the key speakers along with
Bhai Sahib Bhai Mohinder Singh Ji. The key message delivered by these highly respected speakers echoed the eternal
message of Sikh Dharam {Sikh Way of Lifel namely the universal brotherhood of mankind, equality, compassion,
humility, patience, tolerance, forgiveness and divine wisdom. The importance of media in reiterating the relevance of
these values in the modern, technologically advanced, predominately materialistic society was reinforced. Sikhs as
global cit12ens as champions of these values are well placed to be the ideal role models for the future generations.
Future plans of Sangat Trust entail the continuation of Sangat Education programs and other aid projectswhile makinE
every p055ible effort to seek action oriented wider participation of the Sikh community and general public with a view
to enhance voluntary donations to increase outreach in the fulfilment of charitable objectives.
Baba Ji Dr Davinder Singh Ji accepted the position of Honorary Co-chair of Sangat Trust. Guru Nanak Nishkam Sevak
Jatha and The Kalgidhar Trust, both organisations, sharing common charitable objectives and synergies in various
operations agreed to explore numerous collaborative initiatives in the near future. The emphasis of these initiatives
would be on value led education and Dharam Parchar aiming at wide-spread practice of Sikh Ethos of Naam Japo {
always in remembrance of the almighty the creator), Kirat Karo {earn an honest living) and Vand Shako (share your
good fortunes with the not so fortunate in the society).
Recognition of voluntary contributions
The Trustees recognise the array of activities which are undertaken on a voluntary basis to support the objectives of
Sangat Trust. The Trust Board consists of 11 Board members and 3 non-members all of whom voluntarily support the
operational, financial and compliance requirements of the Trust and its subsidiaries. The operations of the TV channel
consists of a team of volunteers whose aim is to generate new ideas to engage, connect and inspire a younger
generation, such ideas as a youth camp in rural Worcestershire and a sponsored walk near the foothills of the
Himalayas are 2 of many ideas generated and then delivered by this group. Through financial & human capital
investments by Guru Nanak Sewak Jatha (Birmingham) it has been possible to convert a disused 5,000 square foot
warehouse space into state-of-the-artTV Studio facilities which are located nearthe heart of Birmingham City Centre.
This facility is provided free of charge to Sangat Trust by Guru Nanak Sewak Jatha (Birmingham). The mefflber5 also
recognise the previous space contributions in Birmingham & London which accommodated the studios and Trust
offices for many years kindly provided for by 2 current members of the Board.
PUBLIC BENEFIT STATEMENT
The Sangat Trust works forthe public benefit by raising public awareness and enhancing public participation in the key
attributes of Sikh Dharm (Sikh way of lifel such as Sarbat da Bhalla {welfare of all), treating all human beings as one
family, universal equality through creation of Global Citizens {Manas Ki Jaat Sabhe Ekey Pehchanho
Guru Gobind
Singh Jil and helping society by caring for each other and sharing our good fortunes with the less fortunate ones by
contributing a minimum of IO¥o of our earnings for charitable purposes {Daswandhl, overcoming social evils such as
lust. anger, greed, possessiveness, arrogance and ego through divine wisdom and promoting social virtues like
tolerance, patience and forgiveness. The charity project work addresses its objectives and a550ciated aims and
activitie5 as described on page 2 and the Trustees and staff are mindful of the need to work for the public benefit.
Page 6

SANGAT TRUST (Company Number 07355264)
Report of the Trustees (including Directors, Report)
for the year ended 31 August 2024 (continued)
POLICY ON RESERVES
The total reseNes balance held on 31 August 2024 was £263,000 {2023 £263,000) of which unrestricted reseNes
were £263,0(M) (2023 - £263,000). The charity's policy is to aim for sufficient reserves to fund at least twelve months
future expenditure at any time.
INVESTMENT POWERS
The Trustee's investment powers are unrestricted within "ethical" limits.
RISK MANAGEMENT
The Trustees have a risk management strategy which comprises:
an annual review of the risks the Trust may face,
the establishment of systems and procedures to mitigate those risks identified, and
the implementation of procedures designed to minimise any potential impact on the Trust should those risks
materialise.
FUNDRAISING
The Trustees have referred to the guidance on Charity Fundraising: a guide to trustee duties issued by the Charity
Commission I"CC20"). The Trustees consider that, following a review of the requirements, the charity is compliant.
POST BALANCE SHEET EVENTS
There were no significant post balance sheet events to report.
TRUSTEES, RESPONSIBILITIES STATEMENT
The Trustees (who are also directors of Sangat Trust for the purposes of company lawl are responsible for preparing
the Trustees, Annual Report and Consolidated Financial Statements in accordance with applicable law and United
Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law require5 the Trustees to prepare financial statements for each financial year, which give a true and fair
view of the state of affa irs of the charity and of the incoming resources and a pplication of resources, including the
income and expenditure, of the charity for that period. In preparing these financial Statements, the Trustees are
required to:
select suitable accounting pol icies and then apply them consistently;
observe the methods and principles in Charities SORP 2019 IFRS102};
make judgements and estimates that are reasonable and prudent;
state whether applicable UK accounting standards have been followed, subject to any material departures
disclosed and explained in the financial statements; and
prepare the financia I statements on the going concern basis unless it is inappropriate to presume that the charity
will continue in operation.
The Trustees are responsible for keeping adequate accounting record5 that disclose with reasonable accuracy at any
time the financial position of the charity and enable them to ensure that the financial statements comply with the
Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking
reasonable steps for the prevention and detection of fraud and other irregularities.
Page 7

SANGAT TRUST (Company Number 07355264)
Report of the Trustees (including Directors. Report)
for the yoar ended 31 August 2024 (continued)
In so far as the Trustees are aware".
there is no relevant audit information of which the charitws auditor is unaware: and
the Trustees have taken all steps that they ought to have taken to make theMSe￿e5 aware of any relevant audit
Informatlon and to establish that the auditor is aware of that information.
The Trustees are responsible for the maintenance and integrity of the financial and non-financial infonnation included
on the charit￿$ website, Legislation in the United Kingdom goveming the preparatlon and dissemination of financial
statements may differ from legislation in other jurisdictk)ns.
Approved by the Trustees and signed on their behalf by
Ranbirsingh Attwal. Trustee
Date:
3 0 JUN 2025
Page 8

SANGAT TRUST (Company Number 07355264)
Independent Auditor's Report
For the year ended 31 August 2024
Opinion
We have audited the financial statements of Sangat Trust { the charity") and its subsidiaries {"the group") for the
year ended 31 August 2024 which comprise the Consolidated Statement of Financial Activities (including Income &
Expenditure Account), the Consolidated and Charity Balance Sheets. the Consolidated Cash Flow Statement and the
related notes to the financial statements. including a summary of significant accounting policies. The financial
reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting
Standards, including Financial Reporting Standard 102 the Financial Reporting Standard applicable in the UK and
Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).
In our opinion the financial statements:
give a true and fair view of the state of the group's and charity's affairs as at 31 August 2024, and of the
group's incoming resources and application of resources, including its income and expenditure, for the
year then ended;
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting
Practice; and
have been prepared in accordance with the requirements of the Charities Act 2011 and the Charities Act 2022
{where relevant}.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing {UKI (ISAS IUKII and applicable law.
Our responsibilities under those standards are further described in the Aud itor's responsibilities for the audit of the
financial statements section of our report. We are independent of the group and charity in accordance with the
ethical requirements that are relevant to our audit of the financial statements in the UK. including the FRC'S Ethical
Standard. and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe
that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the Trustees. use of the going concern basi5 of
accounting in the preparation of the financial statements is a ppropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or
conditions that, individually or collectively, may cast Significant doubt on the charity's ability to continue as a going
concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the Trustees with respect to going concern are described in the
relevant sections of this report.
Page 9

SANGAT TRUST (Company Number 07355264)
Independent Auditor's Report
for the year ended 31 August 2024 (continued)
Other information
The Trustees are responsible for the other information. The other information comprises the information included
in the Trustees, Annual Report and Consolidated Financial Statements, Other than the financial statements and our
auditor's report thereon. Our opinion on the financial statements does not cover the other information and, except
to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.
In connection with our audit of the financial statements, our responsibility is to read the other information and, in
doing so, consider whether the other information is materially inconsistent with the financial statements or our
knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material
inconsistencies or apparent material misstatements, we are required to determine whether there is a material
misstatement in the financial statements or a material misstatement of the other information. If, based on the work
we have performed, we conclude that there is a material misstatement of this other information, we are required to
report that fact.
We have nothing to report in this regard.
Matters on which we are required to report by exception
In the light of our knowledge and understanding of the group and charity and its environment obtained in the course
of the audit, we have not identified material misstatements in the directors, report.
We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires
us to report to you if, in our opinion:
adequate accounting record5 have not been kept by the charity, or returns adequate for our audit have
not been received from branches not visited by us; or
the charity's financial statements are not in agreement with the accounting records and returns. or
certain disclosures of Trustees, remuneration specified by law are not made. and
we have not received all the information and explanations we require for our audit.
Responsibilities of trustees
As explained more fully in the Trustees, Responsibilities Statement set out on page 7 the Trustees are responsible
for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such
internal control as the Trustees determine is necessary to enable the preparation of financial statements that are
free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the Trustees are responsible for assessing the group's and charity's ability to
continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern
basis of accounting unless the Trustees either intend to liquidate the group or the charity or to cease operations, or
have no realistic alternative but to do so.
Page 10

SANGAT TRUST {Company Number 07355264)
Independent Auditor's Report
for the year ended 31 August 2024 (continued)
Auditorfs responsibilities for the audit of the financial statements
We have been appointed as auditor under section 151 of the Charities Act 2011 and report in accordance with
regulations made under section 154 of that Act.
Our objertives are to obtain reasonable assurance about whether the financial statements as a whole are free from
material misstatement, whether due to fraud or error, and to issue an auditorfs report that includes our opinion.
Reasonable assurance is a high level of a55urance, but is not a guarantee that an audit conducted in accordance with
ISAS IUKI will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and
are considered material if, individually or in the aggregate, they could reasonably be expected to influence the
economic decisions of users taken on the basis of these financial statements.
Irregularities, including fraud. are instances of non-compliance with laws and regulations. We design procedures in
line with our responsibilities. outlined above, to detect material misstatements in respect of irregularities, including
fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below.
Our assessment of the susceptibilityof the charit(5 financial statements to material mi5St3tement, including howfraud
might occur, is considered to be low. This conclusion was reached after the consideration of the following:
due to the relatively simple busine55 model and relatively low number of transactions within the charity there are
comparatively few unexpected fluctuations in the reported results and balances and any such unexpected item5
would be specifically enquired into by us; and
there are a number of individuals which comprise "management" and therefore there is no single individual who
is likely to be able to override controls to effect a fraud.
We designed our audit procedures to respond to identified audit risks, including non-compliance with laws and
regulations lirregularitiesl that are material to the financial statements. Some of the specific procedures performed to
detect irregularities, including fraud, are deta iled below:
the review of control accounts and journal entries for large or unusual activities;
the analytical review of the statement of financial activities forvariances that are either unexpected or considered
not to be in accordance with our understanding of the charitable activities during the year;
obtaining and reviewing for completeness a list of entries and persons considered to be related parties las defined
by Financial Reporting Standard 1021 and reviewing the ledgers of the charity for previously unreported related
party transactions;
review of transactions and journals for any indication of management override or bias; and
review of Trustee meeting minutes for unrecorded transactions.
Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those
leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases
the more that compliance with a law or regulation is removed from the events and transactions reflected in the
financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater
regarding irregularitie5 occurring due to fraud rather than error, as fraud involves intentional concealment, forgery,
collusion, omission or misrepresentation.
A further description of our responsibilities is available on the FRC'S website at:
htt
www.frc.or
auditorsres
onsibilities
This description forms part of our auditor's report.
Page11

SANGAT TRUST (Company Number 07355264)
Independent Auditor's Report
for the year ended 31 August 2024 (continued)
Use of report
This report is made solely to the charittys trustees, as a body, in accordance with Part 4 of the Charities {Accounts and
Reports) Regulations 2008. Our audit work has been undertaken $0 that we might state to the charity's trustees those
matters we are required to state to them in an auditorfs report and for no other purpose. To the fullest extent
permitted by law, we do not accept or assume responsibilityto anyone other than the charity and the charity's trustees
as a body for our audit work, for this report, or for the opinions we have formed.
Ly-
Kulwarn Nagra {Senior statutory auditor)
Forand behalf of
Rawlinson & Hunter Audit LLP
Statutory Auditor
Chartered Accountants
Eighth Floor
6 Newstreetsquare
New Fetter Lane
London
EC4A 3AQ
Rowlinson & Hunter Audit LLP is eligible to act as on ouditor in terms of section 1212 of the Componies Act 2006.
Page 12

SANGAT TRUST (Company Number 07355264)
Consolidated Statement of Financial Activities for the Year Ended 31 August 2024
(including Income & Expenditure Account)
Unrestricted
fund
Restricted
fund
2024
Total funds
2023
Total funds
Notes
INCOMEAND ENDOWMENTS
FROM
Donations and legacies
Advertisement income
Total Income and endowments
422,000
119.000
541,000
115,000
537,000
119,000
656,000
754,000
79,OLM)
833,000
115,000
EXPENDITURE ON
Charitable activities
541,000
115,000
656.000
889,000
Total expenditure
541,000
115,000
656,000
889,000
NET EXPENDITURE
156,OC(11
RECONCILIATION OF FUNDS
Fund balance brought forward
at I September
263,000
263,000
319,000
TOTAL FUNDS CARRIED
FORWARDAT31AUGUST
263,000
263,000
263,000
CONTINUING OPERATIONS
All income and expenditure has arisen from continuing activities.
Details of the unrestricted and restricted funds in 2023 are given in Note 10.
The notes on pages 17 to 29 form part of these financial statements
Page 13

SANGAT TRUST (Company Number 07355264)
Consolidated and Charity Balance Sheet at 31 August 2024
Group
2024
Group
2023
Charity
2024
Charity
2023
Notes
FIXED ASSETS
Intangible assets
Tangible assets
Investments
li
12
13
50,(KKI
50,IJ)J
23,COJ
79,000
73,000
CURRENT ASSErs
Debtors
Cash at bank and in hand
14
151.000
505,000
92,000
576.000
267,000
496,000
218,000
552,000
656,000
668,000
763,000
770,000
CREDITORS
Amounts falling due within
one year
NEf CURRENT ASSETS
15
1467,000)
(466,OCK)I
(530,000)
(571,OCKJI
189,000
202,000
233,000
199,000
TOTAL ASSETS LESS CURRENT
LIABILITIES
268,000
275,000
233,000
199,000
CREDITORS
Amountsfalling due morethan 15
one year
(5,000)
112.000)
NET ASSErs
263,000
263,000
233,000
199,000
FUNDS
Restricted funds
Unrestricted funds
16
16
263,000
263,000
233,0(Kl
199,(X)O
TOTAL FUNDS CARRIED
FORWARD
21
263,000
263,000
233,000
199,000
The notes on pages 17 to 29 form part of these financial statements.
Page 14

SANGAT TRUST Icompany Number 07355264)
Consolidated and Charity Balance Sheet at 31 August 2024
The charity was entitled to exemption from audit under Section 477 0* the Companies Act 2006 for the year ended
31 August 2024. However the members have required the company to obtain an audit on a voluntary basis.
The Trustees acknowledge their responsibilities for..
(a)
ensuring that the charity keeps accounting records that complywith Sections 386 and 387
of the Companies Act 2006 and
preparing financial statements which give a true and fair view of the state of affairs of the
charity as at the end of each financial yÈar and of its surplus or deficit for each financial
year in accordance with the requirements of Sections 394 and 395 and which otherwise
comply with the requirements of the Companies Act 2006 relating to financial statements,
so far as applica ble to the charitv.
(b)
The financial Statements were approved by the Board of Trustees on.........-......
its behalf by:
. and were signed on
Ranbir Singh Attwal, Trustee
The notes on pages 17 to 29 form parr of these financial staterAent5.
Page 15

SANGAT TRUST (Company Number 07355264)
Consolidated Cash Flow Statement
for the year ended 31 August 2024
2024
2023
Cash flows from operating activities:
NEf INCOME/(EXPENDITURE) for the reporting period {as per the
statement of fina ncial activities)
(56,OCQI
Adjustments for:
Depreciation
8,000
6,000
Ilncrease)/Decrease in debtor5
159,000)
13,000
l Decrease) in creditors
(2,000)
1111,o(x)}
Net cash u*d in operating activities
153,000)
{148,(X)01
Cash flows from investing activities:
Purchase of tangible assets
Net cash used in financing activities
{14,000)
(14,000)
{9,000)
{9,000)
(67,000)
{157,0001
Cash flows from financing activities:
Repayment of loan
{4,000)
112,0(J)I
Change in cash and cash equivalents in the reporting period
{71,000)
1169,0001
Cash and cash equivalents at I September
Cash and cash equivalents at 31 August
576,000
505,000
745,000
576,000
Cash and cash equivalents consist of:
Cash at bank and in hand
505,000
576,000
The notes on pages 17 to 29 form part of these financial statements.
Page 16

SANGAT TRUST (Company Number 07355264)
Notes to the Consolidated Financial Statements
for the year ended 31 August 2024
I. ACCOUNTING POLICIES
General Information
The charity is an incorporated charity in England and Wales with company registration number 07355264 and Charity
Commission registration number 1139995. Details of its registered office and objects are given on page 2.
The charity is a company limited by guarantee. The members of the charity are the Trustees named on page 2. In the
eventof the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity.
Basis of preparing the financial statements
The con501idated financial statements of the charity, which constitutes a public benefit entity a5 defined by FRS 102,
and its subsidiary undertakings have been prepared in accordance with 'Accounting and Reporting by Charities:
Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial
Reporting Standard applicable in the UK and Republic of Ireland issued in October 2019, the Financial Reporting
Standard applicable in the U K and Republic of Ireland,, the Charities Act 2011, the Cha rities Act 2022 (where relevant)
and the Companies Act 2006.
The functional and presentational currency is £ Sterling rounded to the nearest £1,000.
The significant accounting policies applied in the preparation of these financial statements are set out below. These
policies have been applied to all years presented unless Otherwise stated. The financi31 statements have been
prepared on a going concern basis under the historical cost convention.
No separate SOFA has been presented for the charity alone as permitted by Section 408 of the Companies Act 2006.
The gross income and the net deficit of the charity for the year ended 31 August 2024 were £537,CNJO and
£34,(K)012023-£754,000 and£32,000 respectively) {these figures include restricted funds).
Income
All income is recognised in the Statement of Financial Activities once the charity is lega Ily entitled to the income after
any performance conditions have been met, the amount can be measured reliably and it is probable that the income
will be received,
For donations to be recognised the charity will have been notified of the amounts and the settlement date in writing.
If there are conditions attached to the donation and this requires a level of performance before entitlement can be
obtained then income is deferred until those conditions are fully met or the fulfi Iment of those conditions is within the
control of the charity a nd it is probable that they will be fulfilled.
Advertising income is measured at the fairvalue of the consideration received or receivable, net of discounts and value
added taxes. It is recognised once agreed advertisements have been broadcast.
Donated Services
Donated professional services and donated facilities are recognised as income when the charity has control over the
item, any conditions associated with the donated item have been met and the receipt of economic benefit can be
measured reliably, I n accorda nce with the Cha rities SORP IFRS102), general volunteer time is not recognised. Please
refer to the Trustee's annual report for more information about their contribution.
Page 17

SANGAT TRUST {Company Number 07355264)
Notes to the Consolidated Financial Statements
for the year ended 31 August 2024 (continued)
Expenditure
Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related
to the category. Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation
committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in
settlement and the amount of the obligation can be measured reliably. Where costs cannot be directly attributed to
particular headings they have been allocated to activities on a basis consistent with the use of resources.
Grants offered subject to conditions which have not been met at the year-end date are noted as a commitment but
not accrued as expenditure. Grants payable to third parties are within the charitable objectives. Where unconditional
grants are offered, this is accrued as soon as the recipient is notified of the grant, as this gives rise to a reasonable
expectation that the recipient will receive the grants. Where grants are conditiona I relating to performance then the
grant is only accrued when any unfulf illed conditions are outside of the control of the charity.
Allocation and apportionment of costs
Support COSts have been allocated between governance costs and other support costs. Governance costs comprise all
costs involving the publ ic accou ntability of the charity and its compliance with regulation and good practice. These
costs include cost related to statutory audit and legal fees.
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the Trustees.
Restricted funds ca n only be used for particular restricted purposes within the objects of the charity. Restrictions arise
when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
The Statement of Financial Activities discloses the identical information of the Income and Expenditure Account and
as such no separate Income and Expenditure Account has been prepared.
GoinE Concern
Having considered the levels of funds held and the level of income and expenditure, together with the level of reserve5
of the charity, the Trustees consider the adoption of the going concern basi5 in preparing these financial statements
is appropriate.
Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at
fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest
method, less any impairment.
Page 18

SANGAT TRUST (Company Number 07355264)
Notes to the Consolidated Financial Statements
for the year ended 31 August 2024 {continued)
Creditors
Short term creditors are measured at the transaction price. Other financial liabilities, includ ing ba nk overdrafts, are
measured initially at fair value, net of transaction costs, and are measured subsequently at amortised costs using the
effective interest method.
Intangible assets
Intangible assets are initia Ily measured at cost. After initial recognition, intangible assets a re measured at cost less any
accumulated amortisation and any accumulated impairment losses.
No depreciation is provided on the licence costs as the licence is for an indefinite period and has in the opinion of the
Trustees suffered no impairment in value in the year. Additions represent app development costs which will be
amortised from when it becomes operational.
Tangible fixed assets
Ta ngible fixed assets costing more than £1,000 are capitalised and included at Cost includ ing a ny incidental expenses
of acquisition.
Depreciation is provided on ta ngible f ixed assets at rates calculated to write off the cost on a stra ight line basis over
their expected useful economic lives as follows:
Plant and Machinery over5 years
lincluding motorvehiclesl
Investments
Investments in subsidiary undertakings are shown at cost less provision for impairment, if any.
Financial instruments
The charity only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities
like trade and other debtors and creditors, loansfrom banks and otherthird parties, loans to related parties and investments in
ordinary shares.
2. JUDGEMENTS IN APPLYING ACCOUNTING POLIGIES AND KEY SOURCES OF ESTIMATION UNCERTAINTY
Critical accounting estimate5 and assumptions
The preparation of financial statements in accordance with generally accepted accounting principles requires
management to make estimates and assumptions in certain circumstances that affect reported amounts of assets and
liabilities and disclosure of contingent assets and liabilities at the date of the financia I statements and the reported
amounts of revenues and expenses during the reporting period. Actual results may differ from these estimates. The
estimates and assumption5 that have a significant risk of causing a material adjustment to the carrying amounts of
assets and liabilities within the next financial year are outlined below.
Debtors
The charity reviews debtors and makesjudgements on the recoverability of these debtors with reference to the age
of outstanding amounts, credit status of the counterparty and the status of any outstanding dispute.
VAT
The charity reviews the treatment of supplies to ensure that an appropriate proportionate split is made between zero-
rated supplies for VAT purposes and standard rated supplies for VAT purposes.
Page 19

SANGAT TRUST (Company Number 07355264)
Notes to the Consolidated Financial Statements
for the year ended 31 August 2024 (continued)
3. DONATIONS AND LEGACIES
2024
2023
Donations
Advertisement income
537,000
119,000
656,000
754,000
79,000
833,000
4. EXPENDITURE ON CHARITABLE ACTIVITIES
2024
2024
Grants
Support
payable
costs
(See note 5) (See note 6)
2024
2023
Totals
Tota15
Charitable activities
115,000
541,000
656,000
889,000
115,000
541,000
656,000
889,OCK)
5. GRANTS PAYABLE AND RELATED COSTS
The total grants pa id to i nstitutions during the year was as follows..
2024
2023
Mool Mantar Asthan
Kar Sewa Patna Sahib
Guru Ki Kashi
Medical Fund
Sangat Eye Camp
Langar Sewa
GNNSJ- Kar Sewa Harmandir Sahib (Amritsar Sahibl
Indonesia Floods Fund
1,000
2,000
23,000
7,000
18,000
6,000
15,000
43,000
115,000
2,000
5,000
99,000
26,ODO
9,000
66,000
44,000
94,000
345,000
Page 20

SANGAT TRUST {Company Number 07355264)
Notes to the Consolidated Financial Statements
for the year ended 31 August 2024 (continued)
6. SUPPORT COSTS
2024
Totals
2023
Totals
other Support costs
Wages INote 81
Television broadcastin8 costs
Rent & rates
Depreciation INote 121
Bank charges
Governance costs
45,000
127,000
305.000
43,000
8,000
3,000
10,000
541,000
112.000
108,000
245.000
58,000
6,000
3,000
12,000
544,000
7. NET INCOME
Net Income is stated after chargin8:
2024
2023
Auditor's remuneration
5,000
5,000
5.000
5,000
There were no fees paid for non-audit services to the auditors in the current or prior year.
8. STAFF COSTS
The average number of employees during the year was 712023- 61.
The number of employees whose emoluments as defined for taxation purposes amounted to over £60,000 in the period
was Nil12023- Nil)
2024
2023
Wages and salaries
127,000
127,000
108,000
108,000
Page 21

SANGAT TRUST (Company Number 07355264)
Notes to the Consolidated Financial Statements
for the year ended 31 August 2024 (continued)
9. TRUSTEES, REMUNERATION AND BENEFITS
The Trustees, who are key management, received no remuneration or other benefits for the year ended 31
August 2024 nor for the year ended 31 August 2023.
Trustees. expenses
There were some Trustees, expenses paid for the year ended 31 August 2024 and the year ended 31 August 2023, as
disclosed within Note 17. These expenses relate to general expenses for cleaning, software , repairs and maintenance and
telephone costs associated with charitable activities reimbursed by the company.
10. COMPARATIVES FOR THE STATEMENT OF FINANCIAL AcfiviTIES
Unrestrirted fund
Restricted fund
Total funds
2023
INCOMEAND ENDOWMENTS FROM
Donations and legacies
Advertisement income
Total
409,000
79,000
488,000
345,000
754,000
79,000
833,000
345,000
EXPENDITURE ON CHARITABLE
AcfiviTIES
Support costs
Governance costs
Grants paid and related costs
Total expenditure
532,000
12,000
532,000
12,000
345,000
889,000
345,000
345,000
544,000
NET EXPENDITURE
156,0001
156,000)
RECONCILATION OF FUNDS
Total funds brought forward
319,000
319,000
TOTAL FUNDS CARRIED FORWARD
263,000
263,000
Page 22

SANGAT TRUST (Company Number 07355264)
Notes to the Consolidated Financial Statements
for the year ended 31 August 2024 {continued)
11. INTANGIBLE FIXED ASSETS
App
Development
Licence Costs
Total
COST
At I September 2023
Additions
At 31 August 2024
45,000
5.0(X)
50,(K)O
45,000
5,000
50,LMJO
NET BOOK VALUE
At 31 August 2024
45,000
5,000
50,000
At 31 August 2023
45,000
5,0
50,000
The licence is to operate a satellite TV channel which has an indefinite life and i n the opinion of the directors has
suffered no impairment in value in the year. The App Development will be amortised when it becomes operational.
12. TANGIBLE FIXED ASSETS
Plant and
machinery
lintluding
motor vehicles)
COSTS
At I September 2023
Addition
At 31 August 2024
200,000
14,000
214,000
DEPRECIATION
At I September 2023
Charge for year
At 31 Au8USt 2024
177,000
8,000
185,000
NET BOOK VALUE
At 31 August 2024
29.000
At 31 August 2023
23,000
Page 23

SANGAT TRUST {Company Number 07355264)
Notes to the Consolidated Financial Statements
for the year ended 31 August 2024 {continued)
13. INVESTMENT5
Sangat Trust holds a IOO¥o shareholding in Sangat TV Limited lone Ordinary share of £l-company number 072423031
and Sangat TV Limited hold a IOOYO shareholding in Sangat l Limited {One Hundred Ordinary shares of £1 each
company number 071509011, both incorporated in England and Wales and held at cost. Both cornpanies have the
same registered office address as the Sangat Trust - see page 2. Sangat l Limited holds the licence for satellite TV
broadcasting. These subsidiary undertakings predominantly deliver"Public Benefit" as per the Trustees, Report, and
charitable objectives of the ulti mate parent compa ny (Sangat Trust). The subsidiaries relevant financial information is
as follows:
2024
2023
Sangat TV Llmited
Turnover
ILossl/profit for the year
Net Assets
449,0(M)
{28,000)
29,000
590,000
5,000
56,000
Sangat l Limlted
Net assets
loo
loo
14. DEBTORS
Group
2024
Group
2023
Charity
2024
Charity
2023
Trade debtors
Amounts owed by group undertakings
Other debtors
27,IK)O
21,OC()
216,000
50,000
1,000
267,000
213,000
4,000
1,000
218,CrfJO
98,IM)O
26,IXIO
151,000
53,0(X)
18,0(K)
92,000
Prepayments
Trade debtors are stated after a bad debt provision of £Nil {2023 - £Nil).
Page 24

SANGAT TRUST {Company Number 07355264)
Notes to the Consolidated Financial Statements
for the year ended 31 August 2024 (continued)
15. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Group
2024
Group
2023
Charity
2024
Charity
2023
Trade creditors
Other creditors
Accruals
Bank loan
TOTAL FUNDS
12,000
5,0(Kl
447,000
3,000
467,000
3,OCKI
I,o(J)
462,000
89,Otio
116,000
441,000
455,CMJO
466,000
530,000
571,000
CREDITORS: AMOUNTS FALLING DUE
MORE THAN ONE YEAR
Group
2024
Group
2023
Charity
Z024
Charity
2023
Bank loan
TOTAL FUNDS
5,000
5,000
12,000
12,000
Included within other creditors is a loan amount of £8,000 {2023 £12,000) which bears interest at 2.5% and is
repayable by 16 November 2027.
The accruals in the cha rity solely relate to grants payable in relation to restricted funds,. accruals at group level also
include additional accrua Is i n relation to support costs.
16. MOVEMENT IN GROUP FUNDS
At I September 2023
Net movement in funds
At 31 August 2024
Unrestricted funds
General fund
263,000
263,000
Restricted funds
Restricted fund
TOTAL FUNDS
263,000
263.000
Net movement in funds, included in the above are as follows:
Incoming resources
Resources expended
Movement in funds
Unrestricted funds
General fund
Restricted funds
Restricted fund
TOTAL FUNDS
541,000
541,000
115.000
656,01)0
115,000
656,000
Page 25

SANGAT TRUST (Company Number 07355264)
Notes to the Consolidated Financial Statements
for the year ended 31 August 2024 (continued)
16. MOVEMENT IN GROUP FUNDS-continued
Comparatives for movement in group funds
At I September 2022
Net movement in funds
At 31 August 2023
Unrestricted funds
General fund
Restrirted funds
Restricted fund
319,CNJO
(s6,￿]0)
263,000
TOTAL FUNDS
319,000
156,000)
263,000
Comparative net movement in funds, included in the above are as follows:
Incorning resources
Resources expended
Movement in funds
Unrestricted funds
General fund
Restricted funds
Restricted fund
TOTAL FUNDS
488,000
544,000
{56,000)
345,000
833,000
345,000
889,000
{56,000)
General funds represent the unrestricted funds, which are not designated for particular purposes. Restricted funds a5
at 31 August 2024 amounts to Nil12023 - £Nil). However, included in accruals are amounts totalling £441,00012023
£455,000) collected for cha rita ble donations and relief work for Pingalwa ra Charita ble Society (Amritsar - India),
Nishanne Sikhi, Nepa l Earthquake relief, Kerala floods relief, Punjab floods relief, Akal University (Guru Ki Kashi}, Patna
Saheb {Bihar- India), Sheetal Kund Sewa and Kar Sewa Harmandir Sahib (Amritsar Sahib) conducted by Guru Nanak
Nishkam Sewak Jatha, Birmingham, UK.
Page 26

SANGAT TRUST (Company Number 07355264)
Notes to the Consolidated Financial Statements
for the year ended 31 August 2024 (continued)
17. RELATED PARTY DISCLOSURES
Transactions with Sangat TV LSmited
2024
2023
Advertising paid to Sangat TV Limited
Intercompany balance due to Sangat Trust
373,000
171,000
511,000
168,000
Transactions with Sangat l Limited
2024
2023
Intercompany balance due to Sangat Trust
45,000
45,000
Transactions with other Related Parties
2024
2023
Advertising income from Kalgidhar Trust
Advertising income from Guru Nanak Nishkam Jatha (Birmingham) UK
Expenses reimbursed to Jit Singh
Expenses reimbursed to Lakhwinder Singh
43,000
2,01)0
3,0(M)
48,000
16,000
4,000
1,000
At the end of the year the following amounts were owed from:
2024
2023
Guru Nanak Nishkam Jatha {Birmingham} UK
Kalgidhar Trust
2,000
17,000
8,QK)O
12,IXJO
At the end of the year the following was due by Sangat Trust to:
2024
2023
Guru Nanak Nishkam Jatha IBirminghaml UK
Guru Ki Kashi (Akal University)
1,000
6,000
Guru Nanak Nishkam Jatha (Birminghaml UK is an unincorporated charity in which the Bhai Sahib Bhai Mohinder Singh
Ahluwalia is a Trustee.
Ranbir Singh Atwal, a Trustee, has influence in Guru Ki Kashi {Akal University) and The KalgidharTrust.
Both Jit Singh, a Trustee, and Lakhwinder Singh are directors of Sangat TV Limited.
Page 27

SANGAT TRUST (Company Number 07355264)
Notes to the Consolidated Financial Statements
for the year ended 31 August 2024 (continued)
18. CONTINGENT LIABILITIES
There were no contingent liabilities.
19. CONTROLLING PARTY
The controlling parties are the Trustees.
20. FINANCIAL INSTRUMENTS
The carrying amounts of the charity's financial instruments are as follows:
2024
2023
Financial assets
Measured at fairvalue through SOFA:
-cash at bank and in hand
505,000
576,000
Debt instruments measured at amortised cost
-Trade debtors
-other debtors
27,000
98,000
21,0(Xl
53,0(Kl
Financial liabilities
Measured at amortised cost:
-Trade creditors
-other creditors and accruals
12,000
452,000
3,000
463,CMJO
Measured at fair value through SOFA:
-Bank loan
8,000
12,CK)O
Page 28

SANGAT TRUST {Company Number 07355264)
Notes to the Consolidated Financial Statements
for the year ended 31 August 2024 (continued)
21. ANALYSIS OF NET ASSETS BETWEEN FUNDS
Unrestricted fvnds
2024
Restricted funds
2024
Total
2024
Fixed assets
Debtors
Cash at bank
Creditors {due within one year}
Creditors {due more than one year)
79,000
151,000
505,000
{467,000)
{5,000)
263,000
79,000
151,000
505,000
(467,01)0)
15,000)
263,000
Unrestricted funds
2023
Restricted funds
2023
Total
2023
Fixed assets
Debtors
Cash at bank
Creditors (due within one year)
Creditors (due more than one yearl
73,000
92,000
576,IX)O
{466,000}
(12,000)
263,000
73,000
92,000
576,000
(466,000)
(12,000)
263,000
Page 29