2021-08-31-accounts

for the Year Ended	31August	2021
				31.8.21	31.8.20
				Unrestricted	Total
				fund	funds
			Notes	E
INCOME AND ENDOWMENTS		FROM
Donations and legacies			2	890,052	241,451
Other income				2,484
Total				892,536	241,451
EXPENDITURE ON
Raising funds				35,573	28,243
Charitable activities
General Kitchen Langar				7,531 687
Oxygen concentrator				5,547
Other				49,665	72,190
Total				99,003	100,433
NET INCOME				793,533	141,018
RECONCILIATION	OF FUNDS
Total funds brought	forward			1,772,709	1,631,691
TOTAL FUNDS CARRIED FORWARD				2,566,242	1,772,709

GURU NANAK SOCIETY OF LONDON Balance Sheet 31August 2021	TRUST
		31.8.21	31.8.20
		Unrestricted	Total
		fund	funds
	Notes	E
FIXEDASSETS
Tangible assets		4,787,385	4,754,654
CURRENT ASSETS
Debtors Cash at bank		66,618	20,000 69,535
		66,618	89,535
CREDITORS
Amounts falling due within one year	10	(9,197)	(16,071)
NET CURRENT ASSETS		57,421	73,464
TOTAL ASSETSLESSCURRENT
LIABILITIES		4,844,806	4,828,118
CREDITORS
Amounts falling due affer more than one
year		(2,278,564)	(3,055,409)
NET ASSETS		2,566,242	1,772,709
FUNDS	13
Unrestricted funds		2,566,242	1,772,709
TOTALFUNDS		2,566,242	1,772,709

RAISING FUNDS	RAISING FUNDS
Raising donations		and	legacies
				31.8.21	31.8.20
				5	6
Sundries				435
Supportcosts				35,138	28,243
				35,573	28,243
NET INCOME/(EXPENDITURE)
Net income/(expenditure)			is stated after charging/(crediting):
				31.8.21 f	31.8.20 6
Depreciation	-owned	assets		6,644

NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
Depreciation -owned assets

for	the Year Ended 31August	2021
7.	COMPARATIVES FOR	THE STATEMENT OF FINANCIAL	ACTIVITIES -continued
					Unrestricted
					fund
					6
	RECONCILIATION OF	FUNDS
	Total funds brought forward				1,631,691
	TOTAL FUNDS CARRIED FORWARD				1,772,709
8.	TANGIBLE FIXEDASSETS
				Fixtures
			Freehold	and
			property f	5ttings f	Totals
	COST
	At 1 September 2020	4,754,654			4,754,654
	Additions		12,799	26,576	39,375
	At31August 2021	4,767,453		26,576	4,794,029
	DEPRECIATION
	Charge for year			6,644	6,644
	NET BOOK VALUE
	At 31August 2021	4,767,453		19,932	4,787,385
	At 31 August 2020	4,754,654			4,754,654
	DEBTORS:AMOUNTS	FALLING DUE WITHIN ONE YEAR
				31.8.21	31.8.20
					6
	Prepsyments				20,000

for	the Year Ended 31August	2921	2921
10.	CREDITORS: AMOUNTS	FALLING DUE WITHIN ONE YEAR
						31.8.21 f	31.8.20
	Trade creditors Social security and other taxes					1,193 209	209
	Wages					371	11,938
	Accrued expenses					7,424	3,924
						9,197	16,071
11.	CREDITORS: AMOUNTS	FALLING DUE AFTER MORE THAN		ONE	YEAR
						31.8.21	31.8.20
						E	6
	Bank loans (see note 12)				2.278,564		3,055,409
12.	LOANS
	An analysis ofthe maturity	ofloans is given below:
						31.8.21	31.8.20
	Amounts falling due in more than		five years:
	Repayable by instalments:
	Bank loans more 5 yr by instal Trustees' and Community Loan				1,977,056 161,508		2,172,279 713,980
					2,	138,564	2,886,259
	Repayable otherwise than	by instalments:
	Loan from Sikh Association				140,000		169,150
13.	MOVEMENT IN FUNDS
						Net
					movement		At
			At	1.9.20 6		in funds	31.8.21 f
	Unrestricted funds
	General fund		1,772,709		793,533		2,566,242
	TOTAL FUNDS		1,772,709		793,533		2,566,242
	Net movement in funds, included		in the above are as follows:
			Incoming		Resources		Movement
			resources		expended		in funds
				E			6
	Unrestricted funds
	General fund		892,536			(99,003)	793,533
	TOTAL FUNDS		892,536		(99,003)		793,533

				Net
				movement	At
			At 1.9.19	in funds	31.8.20
					F
Unrestricted	funds
General fund			1,631,691	141,018	1,772,709
TOTALFUNDS			1,631,691	141,018	1,772,709
Comparative	net movement	in funds, included	in the above are as follows:
			Incoming	Resources	Movement
			resources	expended	in funds f
Unrestricted	funds
General fund			241,451	(100,433)	141,018
TOTAL FUNDS			241,451	(100.433)	141.018

A current yea	r 12months and prior year	12months combined position isa	s follows:
			Net
			movement	At
		At 1.9.19	in funds	31.8.21
			6
Unrestricted	funds
General fund		1,631,691	934,551	2,566,242
TOTALFUNDS		1,631,691	934,551	2,566,242

the above ar	e as follows:
		Incoming	Resources	Movement
		resources E	expended 6	in funds f
Unrestricted	funds
General fund		1,133,987	(199,436)	934,551
TOTAL FUNDS		1,133,987	(199,436)	934,551

GURU NANAK SO Detailed Statement for the Year Ended	CIETYOF LONDON TRUST ofFinancial Activities 31August 2021
		31.8.21f	31.8.20 6
INCOME AND ENDOWMENTS
Donations and legacies
Donations		349,850	241,451
Loan donated		540,202
		890,052	241,451
Other income
HMRC JRSGrant		2,484
Total incoming resources		892,536	241,451
EXPENDITURE
Raising donations	and legacies
Sundries		435
Charitable activities
Kitchen langar		687
Oxygen concentrator		5,547
Fixtures and fittings		6,644
		12,878
Support costs
Management
Wages		5,923	9,409
Rates and water		2,962	380
Light and heat		11,760	2,466
Sundries		1,486	1,651
		22,131	13,906
Finance
Insurance		5,472	8,294
Bank charges		1,311	822
		6,783	9,116
Information technology
Repairs and renewals		120	2,688
Governance costs
Loan Interest		49,656	62,667
Accountancy and legal fees		5,000	2,000
Legal fees		2,000	10,058
		56,656	74,723