2020-08-31-accounts - Guru Nanak Society Of London Trust

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		2020	2019
		Unrestricted	Total
		fund	funds
	Notes		6
FIXEDASSETS
Tangible assets		4,754,654	4,754,654
CURRENT ASSETS
Debtors		20,000	20,000
Cash at bank		69,535	39,608
		89,535	59,608
CREDITORS
Amounts falling due within one year	8	(16,071)	(3,499)
NET CURRENT ASSETS		73,464	56,109
TOTAL ASSETS LESSCURRENT
LIABILITIES		4,828,118	4,810,763
CREDITORS
Amounts falling due aRer more than one
year	9	(3,055,409)	(3,179,072)
NET ASSETS		1,772,709	1,631,691
FUNDS
Unrestricted funds		1,772,709	1,631,691
TOTAL FUNDS		1,772,709	1,631,691

The average monthly number ofemployees	during the year was as follows:
	2020	2019
Operations	1

fort	he Year Ended 31 August	he Year Ended 31 August	2020	2020
5.	COMPARATIVES FOR		THE STATEMENT OF FINANCIAL ACTIVITIES - continued
					Unrestricted
					fund
					6
	RECONCILIATION	OF	FUNDS
	Total funds brought	forward			1,462,401
	TOTAL FUNDS CARRIED FORWARD				1,631,691
6.	TANGIBLE FIXEDASSETS
					Freehold
					property
					6
	COST
	At1 Sepiember2019	and
	31 August 2020				4,754,654
	NET BOOK VALUE
	At 31 August 2020				4,754,654
	At 31 August 2019				4,754,654
7.	DEBTORS:AMOUNTS		FALLING DUE WITHIN ONE YEAR
				2020	2019
				6
	Prepayments			20,000	20,000
8.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
				2020	2019
				6	6
	Social security and other		taxes	209
	Wages			11,938
	Accrued expenses			3,924	3,499
				16,071	3.499

for t	he Year Ended 31August	he Year Ended 31August	he Year Ended 31August	he Year Ended 31August	he Year Ended 31August	2020	2020	2020
9.	CREDITORS: AMOUNTS					FALLING DUE AFTER MORE THAN ONE YEAR
									2020	2019
									E	E
	Bank loans	(see note 10)						3,055,409		3,179,072
10.	LOANS
	An analysis	ofthe maturity				ofloans is given below:
									2020	2019
									f
	Amounts falling			due	in more than		five years:
	Repayable	by	instalments:
	Bank loans	more 5 yr by instal						2,172,279		2,395,622
	Trustees' and		Community			Loan			713,980	588,450
								2,886,259		2,984,072
	Repayable	otherwise			than	by instalments:
	Loan from Sikh			Association					169,150	195,000
11.	MOVEMENT		IN FUNDS
									Net
								movement		At
							At 1.9.19 f		in funds f	31.8.20 f
	Unrestricted		funds
	General fund						1,631,691		141,018	1,772,709
	TOTAL FUNDS						1,631,691		141,018	1,772,709
	Net movement			in funds, included			in the above are as follows:
							Incoming	Resources		Movement
							resources	expended		in funds
									E	E
	Unrestricted		funds
	General fund						241,452	(100,434)		141,018
	TOTAL FUNDS						241,452	(100,434)		141,018

Compara	tive	net movement in funds, inc	luded in the above are as follows:
			Incoming	Resources	Movement
			resources 6	expended f	in funds 6
Unrestricted		funds
General	fund		243,986	(74,696)	169,290
TOTAL	FUNDS		243,986	(74,696)	169,290

A current yea above are as	r 12 months and prior year follows:	12 months combined nel movem	ent in funds, i	ncluded in
		Incoming	Resources	Movement
		resources	expended	in funds
		6	6	6
Unrestricted	funds
General fund		485,438	(175,130)	310,308
TOTAL FUNDS		465,438	(175,130)	310,308