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|Nishkam
Healthcare|Trust's|Approach|
|---|---|---|
|Trustees'
Report|||
|Report ofthe Independent||Auditors|
|Statement of Financial Activities|||
|Balance Sheet|||
|Cash flaw Statement|||
|Notes tothe Financial|Statements||
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||||Unrestricted|Restricted|2022|2021Total|
|---|---|---|---|---|---|---|
||||fund|fund|Total funds|funds|
|||Notes|6|6|6|6|
|Income from donations
and legades:|||||||
|Donations
Grants
Income from other trading|activities||30,000||30,000|30,856
10,000|
|Commercial
trading operations
Other income
Rental Income|||1,529,194
15,954
56,501||1,529,194
15,954
56,501|1,069,724
49,400|
|Total Income|||1,631,649||1,631,649|1,159,980|
|Expenditure|||||||
|Costs ofraising funds:|||||||
|Commercial
trading operations
Expenditure
on charitable actlviues:|||1,149,221||1,149,221|1,049,945|
|Charitable
activities|||165,399||165,399|90,673|
|Total expenditure|||1,314,620||1814,620|1,140,618|
|Net Income/(expenditure)
In fundsforthe
year|and net movement||317,029||317,029|19,362|
|Recondgatlon
offunds:|||||||
|Fund balance brought
forward|||508,142||508,142|488,780|
|Total funds carried forward|||825,171||825,171|508,142|
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|||||2022|2021|
|---|---|---|---|---|---|
||||Notes|6|6|
|Cash flows from operating
activities:||||||
|Cash generated
from operations
Tax paid
Government
Grant|||1|323,784
940|48,258
(17,421)
2,445|
|Net cash from operating
activities||||324,724|33,282|
|Cash flows from investing activities:||||||
|purchase oftangible
fixed assets
Sale oftangible fixed assets||||(4,712)||
|Net cash from investing
activities||||(4,712)||
|Increase/(decrease)
in cash and cash equivalents||||320,012|33,282|
|Cash and cash equivalents
at the beginning ofthe reporting||period||351,740|318,458|
|Cash and cash equivalents
atthe end ofthe reporting|period|||671,752|351,740|
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|.
Reconciliation of|net in|com|e to net cash Row from|operating
activities|||
|---|---|---|---|---|---|---|
||||||2022|2021|
||||||6|6|
|Net Income forthe reporting|||period (as per the statement ofRnandal actMtles)||317,029|19,364|
|Adjustments
for:|||||||
|Tax charge in subsidiaries|||||1,704|836|
|Depreciation
charges|||||12,792|13,740|
|Decrease/(increase)|in stocks||||(6,982)|14,145|
|Decrease/(increase)|in debtors||||(37321)|(15,289)|
|(Decrease)/increase|in creditors||||37,602|17,907|
|Government
Grants|||||(940)|(2,445)|
|Cash and cash equivalents||at|the end ofthe repordng|period|323,784|48,258|
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|Start|ofyear|Cashfiowa|Atthe end ofyear|
|---|---|---|---|
||351,740|320,012|671,752|
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|summary
financial pe|rfo|rmance
ofthe charity alone|Is:
|||.
|
|---|---|---|---|---|---|---|
||||Unrestricted|Restricted|2022|2021Total|
||||fund|fund|Total funds|funds|
||||E|E|E|E|
|Income from Donations|and legacies:||||||
|Donations
Income from charitable|activities:||||30,000|33,500|
|Government
Grants
Income from other trading||activities;||||10,000|
|Other income|||15,000||15,000||
|Investment
Income|||115~2||115,382|72,523|
|Totallncome|||||160,382|116,023|
|Expenditure
on charitable||activities:|||||
|Supportcosts
Premises Costs|||52/04
82,244||52,204
82,244|18,505
46,301|
|Governance
costs|||5,700||5,700|5,700|
|Staff costs|||25,251||25,251|20,767|
|Total expenditure|||165,399||265/99|91,273|
|Net Income/(expenditure)
in funds forthe year||and net movement|(5,017)||(5,017)|24,750|
|Reconcgiatlon offunds|||||||
|Fund balance brought forward|||341,828||341,828|317,078|
|Total funds carried forward|||336411||336,811|341,828|
|3.
Income from Rental|||||||
||||||2022|2021|
||||||E|E|
|Room rentals received|||||56,501|49,400|
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|Nishkam
Pharmacy
Umited:|||
|---|---|---|
||2022|2021|
||6|E|
|Turnover
Cost ofsales|967,581
717~|1,023,869
743860|
|Gross Profit|250,11$|280,009|
|Administration
expenses|483,128|307,082|
||(2$$,015)|(27,073)|
|Other operating income|558,270|28,194|
|Operating
Progt and Profit before Taxation|325,255|1,121|
|Tax on profit|1,$71|862|
|Retained
In Subsidiary||259|
|The net assets and Rabgitles ofthe subsidiaries were:|||
|Fixed assets|68,090|68,672|
|Current assets
Current liabilities|766468
~180,223|472,798
~i0.658|
|Total assets less current liabilities|654,735|330,812|
|Provisions for liabilities|(2,628)|(2,089)|
|Net assets|652,107|328,723|
|Aggregate share capital and reserves|652,107|328,723|
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||||2022|2021|
|---|---|---|---|---|
|Turnover
Cost ofsales|||E
163411
834|E
6,952
213|
|Gross Profit
Administration
expenses|||15,577
18,022|6,739
14,856|
|Operating
Profit and ProRt before Taxatlon
Government
Grants
Tax
Retained
In subsidiary|||(AS(
940
167
~3.935)|(8,117)
2,445
26
(5.646)|
|The net assets and Rabgitles ofthe subsidiaries||were:|||
|Fixed assets
Current assets
Current liabilities|||17,078
22,294
~(35.953|22,228
17,550
~36354|
|Total assets less current
Provisions for liabilities|liabilities||23~19
~335)|24,924
~343)|
|Net assets|||23,244|24,582|
|Aggregate share capital and reserves|||23,244|24,582|
##
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|.Analysis of|expenditure|forthe year e
on charitable activities|nded 31March 2022|||
|---|---|---|---|---|---|
||||Management|Governance|Totals|
|||||COSt||
|||||E||
|Supportcosts|||52,204||52,204|
|Premises costs|||82,244||82,244|
|Governance|costs|||5,700|5,700|
|Staff costs|||25,251||25,251|
|Total|||159,699|5,700|165,399|
|.Analysis of|governance|and support costs||||
||||Administration|Governance|Totals|
|||||cost||
|||||E||
|Audit fees||||5,700|5,700|
|Accountancy|fees||2,030||2,030|
|Cleaning|||2,86$||2,$6$|
|Security costs|||6,588||6,5$8|
|Repairs &renewals|||20,700||20,700|
|Professional|fees||7,701||7,701|
|Administration|||9,969||9,969|
|Depreciation|||2,348||2,34$|
|Total|||52,204|5,700|57,904|
##
|7. Group Net (expenditure)|/income|||
|---|---|---|---|
|Net (expenditure)/income|is stated after charging:|||
|||2022|2021|
|||E|E|
|Auditor's
remuneration||12,700|12,900|
|Depreciation
-owned assets||11,904|12,852|
|Computer software amortisation||888|888|
|Total||25392|26,640|
|8. Group staff costs||||
|||2022|2021|
|||E|E|
|Wages and salaries||182,168|185,047|
|Social security costs||9,732|9,609|
|Pension costs||2,894|2,910|
|Total||194,794|197,566|
##
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||||2022|2021|
|---|---|---|---|---|
||||Number|Number|
|Trading|||12|14|
|Charitable|activities||1|1|
|Total|||13|15|
|1. Taxatlon|||||
||||2022|2021|
||||E|E|
|Current Tax|||||
|UK Corporation||Tax|1,332|1,230|
|Deferred|Tax||372|(394)|
|Total|||1,704|836|
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||||||Unrestricted|Restricted|2021Total|
|---|---|---|---|---|---|---|---|
||||||fund|fund|funds|
||||||E|6|6|
|Income from donations||and legacies:||||||
|Donations|||||30,856||30456|
|Grants|||||10,000||10,000|
|Income fmm charitable||activities:||||||
|Commercial
trading operations|||||1,069,724||1,069,724|
|Investment
Income|||||49,400||49,400|
|Total|||||1,159,980||1,159,980|
|Expenditure||||||||
|Cost ofraising funds:||||||||
|Commercial
trading operations|||||1,049,945||1,049,945|
|Expenditure
on charitable|||actMtles:|||||
|Charitable
activities|||||90,673||90,673|
|Total expenditure|||||1,140,618||1,140,618|
|Net income/(expenditure)|||and net movement|In funds forthe year|19,362||19,362|
|Reconcglations offunds:||||||||
|Fund balance brought|forward||||488,780||488,780|
|Total funds carried forward|||||508,142||508,142|
|13. Group Intangible|Hxed||Assets|||||
||||||||Computer|
||||||||software|
||||||||E|
|Cost||||||||
|At 1April 2021||||||||
|and 31March 2022|||||||24,446|
|Amortlsation||||||||
|At 1April 2021|||||||22,818|
|Charge forthe year|||||||888|
|At 31March 2022|||||||23,706|
|Net Soak Value||||||||
|At31March 2022||||||||
|At 31March 2021|||||||1,628|
##
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||Improvements|Fixtures and|Motor|Totals|
|---|---|---|---|---|
||to property|fittings|vehicle||
||E|E|||
|Costs|||||
|At 1April 2021
Additions
Disposals|108,969|72,635
4,712|9,682|191,286
4,712|
|At31March 2022|108,969|77,347|9,682|195,998|
|Depredation|||||
|At 1April 2021
Charge for the year|46,339
5,766|46,988
5,245|3,735
893|97,062
11,904|
|Disposal|||||
|At 31March 2022|5' 105|52~233|4p628|108,966|
|Net BookValue|||||
|At 31March 2022|56p864|25'114|Sp054|87J032|
|At 31March 2021|62,630|25,647|5,947|94,224|
|Charity Tangible Fixed Assets|||||
||Improvements|Fixtures and||Totals|
||toproperty|Rtttngs|||
|Costs|||||
|At 1April 2021 and 31March 2022|23477
r|23,243||46,720|
|Depreciation|||||
|At 1April 2021
Charge forthe year|18,525
2,348|23,243||41,768
2,348|
|At 31March 2022|20,873|23,243||44,116|
|Net BookValue|||||
|At31March 2022|||||
|At 31March 2021|4,952|||4,952|
##
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|6.Stock|||||||
|---|---|---|---|---|---|---|
||||Group|Group|Charity|Charity|
||||2022|2021|2022|2021|
||||E|E|E|E|
|Pharmaceutical||products|49,412|42,430|||
|7.Debtor|s||||||
||||Group|Group|Charity|Charity|
||||2022|2021|2022|2021|
||||E|E|E|E|
|Trade debtors|||227426|202,001|12,273|515|
|Other debtors|||8,804|717|2,300|539|
|Prepayments|||4,391|3,825|1,420|783|
|VAT|||24,030|21,087|||
|Amounts|owed|by group undertakings|||25,430|28,326|
|Total|||265,051|227,630|41,422|30,163|
##
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|18.Creditors:
Amounts
falling due within one year|||||
|---|---|---|---|---|
||Group|Group|Charity|Charity|
||2022|2021|2022|2021|
||E|E|E|E|
|Trade creditors|159,753|131,517|10,117|1,161|
|Other creditors|20|37,963|||
|Accruals|67,994|32,596|52,269|8,002|
|Deferred Income|11,970||11,970||
|Social security and other taxes|6,276|5,003|912|732|
|Total|246,013|207,079|75,267|9,895|
##
||||Group|Charity|
|---|---|---|---|---|
||||E|E|
|Balance|as at 1April 2021||||
|Amount|deferred from income earned from charitable|activities|11,970|11,970|
|Balance|as at31March 2022||11,970|11,970|
##
##
||||||||At 1April 2021|Net movement|At31March|
|---|---|---|---|---|---|---|---|---|---|
||||||||E|in funds|2022|
|||||||||E||
|Unrestricted||Funds||||||||
|Unrestricted||fund|||||508,142|317,029|825,171|
|Net movement||in funds, included|||in the above|are as follows:||||
||||||||Incoming|Resources|Movement
In|
||||||||resources|expended|funds|
||||||||E|E|E|
|Unrestricted||funds||||||||
|Unrestricted||fund|||||1,631,649|1,314,620|317,029|
|Comparatives||for movement||in group funds||||||
||||||||At 1April 2020|Net movement|At31March|
||||||||E|In funds|2021|
|||||||||E||
|Unrestricted||Funds||||||||
|Unrestricted||fund|||||488,780|19,362|508,142|
|Comparative|net movement|||in funds, included||in the above are as follows:||||
||||||||Incoming|Resources|Movement
in|
||||||||resources|expended|funds|
||||||||6|6|E|
|Unrestricted||funds||||||||
|Unrestricted||fund|||||1,159,980|1,140,618|19362|
|21. Analysis|ofnet assets between funds|||||||||
|||||||||Unrestricted|Unrestricted|
|||||||||fund|fund|
|||||||||2022|2021|
|||||||||E|E|
|Fixed assets||||||||87,772|95,852|
|Stocks||||||||49,412|42,430|
|Debtors||||||||265,051|227,630|
|Cash at bank||and In|hand|||||671,752|351,740|
|Creditors —amounts|||falling|due|within one year|||(246,013)|(207,079)|
|Creditors —amounts|||more|than|one year|||(2,803)|(2,431)|
|Balance as at||31March 2022||||||825,171|508,142|
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||||2022|2021|
|---|---|---|---|---|
||||E|E|
|During the|year the group purchased the following services:||||
|Nishkam
Civic Association|||2,475|900|
|Nishkam
Security Limited|||7,238|3,504|
|During the|year, the group paid the following|rent:|||
|Guru Nanak|Nishkam
Sewa Jatha (Birmingham)|UK|73,128|30,000|
|Dudng the|year, the group received the following donations:||||
|Guru Nanak|Nishkam
Sewa Jatha (Birmingham)|UK|30,000|30,000|
|During the|year, the group provided the following services:||||
|Guru Nanak|Nishkam
Sewa Jatha (Birmingham)|UK||5,455|
|Nlshkam
School Trust||||87|
|At the end|ofthe year the group owed the fogowlngr||||
|Guru Nanak|Nishkam
Sewa Jatha (Birmingham)|UK|34,728||
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ishkam
37