2022-03-31-accounts - Guru Nanak Gurdwara Smethwick

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Report ofthe Trustees	1	to	7
Report ofthe Independent Auditors	8	to	10
Statement ofFinancial Activities
Balance Sheet		12
Cash Flow Statement		13
Notes to the Cash Flow Statesnent		14
Notes to the Financial Statements	15	to	21

				319.22	31.3.21
				Unrestricted	Total
				fund	funds
			Notes		5
INCOME	AND ENDOWS FROM
Donations	and legacies			1)369&988	607,803
investment	income			31,550	21,750
Total				1,401,538	629,553
EXPENDITURE ON
Raismg funds				4,810	2,466
Charitable	activities
Printing/Postage/Stationary
				21,849
Sundry				1,705	2,243
Food/Driak				153,680	52,997
Other				822,324	557,370
Total				1)004468	615,076
NET INCOME				397,170	14,477
RECONC1LIATION OFFUNDS
Total funds	brought	for)vard		9,470,548	9,456,071
TOTAL FUNDS CARRIED FORWARD				9,867,718	9,470,548

		31322	31.3.21
		Unrestricted	Total
		fund	funds
	Notes		f.
FIXEDASSETS
Tangible assets	11	11&261/86	11,215,365
Investment property	12	350,000	350,000
		11,611486	11,565,365
CURRENT ASSETS
Debtors	13	25,256
Cash at bank and in hand		251,165	152,072
		276,421	152,072
CREDITORS
Amounts falling due within one year	14	(261354)	(277,447)
NET CURRENT ASSETS		15,067	(125,375)
TOTAL ASSETSLESSCURRENT
LIABILITIES		11,626853	11,439,990
CREDITORS
Amounts falling due afier more than one year	15	(1,758,635)	(1,969,442)
NET ASSETS		9,867,718	9,470,548
FUNDS	18
Unrestricted funds:
General fund		9&867,718	9,470,548
TOTAL FUNDS		9,867,718	9,470,548

					31.3.22	31.3.21
				Notes
Cash flows from operating		activities
Cash generated fiom operations					367)760	92,853
Net cash pmvided by operating activities					367,760	92,853
Cash fiows from investing		activities
Purchase oftangible fixed	assets				(57,860)	(17,298)
Net cash used in investing	activities				(57,860)	(17,298)
Cash flows from financiag		activities
Loan repayments in year					(210,807)	(12,004)
Net cash used in financing	activities				(210,807)	(12,004)
Change in cash and cash	equivalents		in
the reporting period					99,093	63,551
Cash and cash equivalonts		at the
beginning ofthe reporting		period			152)072	88,521
Cash and cash equivalents		at the end	of
the reporting period					251,165	152,072

RECONCILIATION	RECONCILIATION	RECONCILIATION	OPNET INCOME TO NET CASH PLOW FROM	OPNET INCOME TO NET CASH PLOW FROM	OPERATING ACTIVITIES	OPERATING ACTIVITIES
					31.322	31.3.21
					f
Net income	for the	reporting		period (as per tbe Statement ofFinancial
Activities)					397,170	14,477
Adjustments	for:
Depreciation	charges				11)939	13,515
(Increase)/decrease		in	debtors		(25/56)	39,128
(Decrease)/increase		in	creditors		(16,093)	25,733
Net cash provided		by	operations		367,760	92,853
ANALYSIS	OFCHANGES IN NET DEBT

		31.3.22	31.3.21
Other	grants	137,111	19,306

	Other ttudtng activities
			31.3.22	31.321
	Hire ofplant and machinery		4,810	2,466
6.	CHARITABLE ACTIVITIES COSTS
			Support
		Direct	costs (see
		Costs	note 7)	Totals
	Printing/Postage/Stationary
			21,849	21,849
	Sundry	1,705		1)705
	Food/Drink	149,834	3,846	153,680
		151,539	25)695	177~4

SUPPORT COSTS
			Information	Human
	Management	Finance	technology	resources
	5
Other resources expended	297,571	57,626	192,450	165&775
Printing/Postage/Stationary
		21,849
Food/Drink		1,050	2,676	120
	297)571	80,525	195,126	165,895
			0overnance
	Other	Other 3	costs	Totals
		f.
Other resources expended	15413	3)100	52&282	784,017
Printing/Postage/Stationary
				21,849
				3&846
	15,213	3,100	52,282	809,712

					319.22	31.3.21
					5
Wages and salaries					145,160	109,576
					145,160	109,576
The average monthly		number ofemployees		during the year was as follows:
					31.322	31.3.21
						10
No employees	received emolmnents		in excess of560,000.

COMPAR	ATIVES	F	ORTHE STATEMENT OFFINANCIAL AC	TIVITIES
				Unrestricted
				fund
INCOME	AND ENDOWMENTS FROM
Donations	and legacies			607,803
Inveslment	income			21,750
Total				629,553
EXPENDITURE		ON
Raising funds				2,466
Charitable	activities
Sundry				2,243
Food/Drink				52,997
Other				557,370
Total				615,076
NET INCOME				14,477
RECONCILIATION			OFFUNDS
Total funds	brought	forward		9,456,071
TOTAL FUNDS CARRIED FORWARD				9,470,548

12.	INVESTMENT PROPE)RTY
	FAIR VALUE
	At 1 April 2021
	and 3IMarch 2022			350,000
	NET BOOK VALUE
	At 31March 2022			350,000
	At 3I March 2021			330,000
	122 and 124High Street Smethwick	were valued at 5350,000 in Ianuary 2016.
13.	DEBTORS:AMOUNTS FALLING DUE WITHIN ONE YEAR
			31.3.22	31.3.21
	Prep ayments		25P56
14.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
			31,3.22	31.3.21
	Bank loans and overdrafts (see note	16)	208)860	208,860
	Taxation and social security		13,141	16,098
	Other creditors		39453	52,489
			261@54	277,447
15.	CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE		YEAR
			31.3.22	31.3.2I
				f,
	Bank loans (see noto 16l		1,758,635	1,969,442
16.	LOANS
	An analysis ofthe maturity ofloans	is given below:
			31.3.22	31.3.21
			5
	Amounts fitlling due within one year	on demand:
	Bank loans		208,860	208,860
	Amounts ihlling between one and two years:
	Bank loans - 1-2years		417,720	417,720
	Amounts fallhg due between two and five years:
	Bank loans - 2-5 years		625,143	625,143
	Amounts falling due in more than five years:
	Repayable by instalments:
	Bank loans more 5yr by instal		715,772	926,579

17.	SECURED D	EBTS	EBTS	EBTS
	The followmg	secured debts are mcluded within creditors:
						31.3.22	31.321
	Bank loans					1,967,495	2,178302
	Baok loans are secured against		the properties.
18.	iVIOVEMENT IN FUNDS
						Net
						movement	At
					At 1.4.21	in funds	31.3.22
	Unrestricted	funds
	General fund				9)470448	397,170	9,867,718
	TOTAL FUNDS				9,470448	397,170	9,867,718
	Net movement	in funds, included		in the above are as follows:
					Incoming	Resources	Movement
					resources	expended I	in funds
	Unrestricted	funds
	General fund				1,401,538	(1,004@68)	397/70
	TOTAL FUNDS				1,401,538	(1,004,368)	397)170
	Comparatives	for movement	in	funds
						Net
						movement	At
					At 1.4.20	in funds	31.3.21
	Unrestricted	funds
	General fund				9,456,071	14,477	9,470,548
	TOTAL FUNDS				9,456,071	14,477	9,470,548

			Incoming	Resources	Movement
			resources	expended	in funds
Unrestricted	funds
General fund			629,553	(615,076)	14,477
TOTAL FUNDS			629,553	(615,076)	14,477
A current year	12 months	and prior year 12months	combined position is as follows:
				Net
				rnovenlellt	At
			At 1.4.20	in funds	31.3.22
Unrestricted	funds
General fimd			9,456,071	411,647	9,867,718
TOTAL FUNDS			9,456,071	411,647	9,867,718