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|CONTENTS|Pages|
|---|---|
|Nishkam
Healthcare
Trust's Approach||
|Trustees'
Report|Sto6|
|Nishkam
Pharmacy||
|Nishkam
Dental Care|8to9|
|Nishka m Mental and Emotional
Wellbeing|10|
|Events at Nishkam
Healthcare
Centre||
|Trustees Responsibilities
Statement|12|
|Independent
Auditor's
Report|13to 16|
|Consolidated
Statement
of Financial Activities|17|
|Consolidated
Balance Sheet|18|
|Consolidated
Cash Flow Statement|19 to 20|
|Notes tothe Consolidated
Financial Statements|21to 30|
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|||||||2023|2022|2023|2022|
|---|---|---|---|---|---|---|---|---|---|
|||||||Group|Group|Charity|Charity|
|||||||funds|funds|funds|funds|
||||||Notes|E|E|E|E|
|Income from|donations||and legacies|||||||
|Donations||||||30,000|30,000|348,700|30,000|
|Income from|other trading|||activities||||||
|Commercial
trading operations||||||1,268,599|1,529,194|||
|Rental Income||||||60,670|56,501|75,339|115,382|
|Other income||||||15,478|15,954 i|15,406|15,000|
|Totalincome||||||1;374,747|1,631,649|439,445|160,382|
|Expenditure||||||||||
|Raising funds:|Commercial|||trading operations||1,240,001|1,149,221|||
|Charitable
activities||||||145,512|165,399|145,512|165,399|
|Total expenditure||||||1,385,513|1,314,620|145,512|165,399|
|Net income/(expenditure)||||and net movement||(10,766)|317,029|293,933|(5,017)|
|in funds for the year||||||||||
|Reconciliation|offunds:|||||||||
|Fund balance|brought|forward||||825,171|508,142|336,811|341,828|
|Total funds carried forward||||||814,405|825,171|630,744|336,811|
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||||Group|Group|Charity|Charity|
|---|---|---|---|---|---|---|
|||Notes|2023f|2022
f|2023
f|2022
f|
|Fixed Assets|||||||
|Intangible
assets||11||740|||
|Tangible assets||12|80,163|87,032|5,491|2,604|
|Investments||13|||186,991|186,991|
||||80,163|87,772|192,482|189,595|
|Current Assets|||||||
|Stocks||14|47,281|49,412|||
|Debtors||15|267,063|265,051|98,224|41,422|
|Cash at bank and in|hand||710,279|671,752|462,930|181,061|
||||1,024,623|986,215|561,154|222,483|
|Creditors: Amounts|falling due within one year|16|(288,255)|(246,013)|(122,892)|(75,267)|
|Net Current assets|||736,368|740,202|438,262|147,216|
|Provision for liabilities|||(2,'126)|(2,803)|||
|Current assets less|totalliabilities||734;242|737,399|438,262|147,216|
|Net assets|||814,405|825,171|630,744|336,811|
|Funds|||||||
|Unrestricted
funds||18/19|814,405|825,171|630,744|336,811|
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|||||||2023|2022|
|---|---|---|---|---|---|---|---|
||||||Notes|E|E|
|Cash flows from operating|activities:|||||||
|Cash generated
from operations||||||44,173|323,784|
|Tax paid||||||||
|Government
Grant|||||||940|
|Net cash from operating
activities||||||44,173|324,724|
|Cash flows from investing|activities:|||||||
|Purchase of tangible
fixed|assets|||||(5,646)|(4,712)|
|Sale oftangible
fixed assets||||||||
|Net cash from investing
activities||||||(5,646)|(4,712)|
|Increase/(decrease)
in cash and cash equivalents||||||38,527|320,012|
|Cash and cash equivalents|at the beginning|ofthe reporting||period||671,752|351,740|
|Cash and cash equivalents|at the end ofthe reporting||period|||710,279|671,752|
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|||||||2023|2022|
|---|---|---|---|---|---|---|---|
|||||||E|E|
|Net income for the reporting|||period (as per the statement||offinancial|(10,766)|317,029|
|activities)||||||||
|Adjustments
for:||||||||
|Tax charge in subsidiaries||||||(677)|1,704|
|Depreciation
charges||||||13,255|12,792|
|Decrease/(increase)|in stocks|||||2.131|(6,982)|
|Decrease/(increase)|in debtors|||||(2,012)|(37,421)|
|(Decrease)/increase|in creditors|||||42,242|37,602|
|Government
Grants|||||||(940)|
|Cash and cash equivalents||at|the end ofthe reporting|period||44,173|323,784|
|Start|ofyear|Cashf low|At the end of|
|---|---|---|---|
||||year|
||||E|
||671,752|38,527|710,279|
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|Nishkam
Pharmac|y
Limi|ted:||||
|---|---|---|---|---|---|
|||||2023|2022|
|||||E|f|
|Turnover||||1,225,087|967,581|
|Cost of sales||||872,396|717,468|
|Gross Profit||||352,691|250,113|
|Administration
expenses||||376,149|483,128|
|||||(23,458)|(233,015)|
|Other operating|income|||39,451|558,270|
|Operating
Profit|and Profit before Taxation|||15,993|325,255|
|Tax on profit||||394|(1,871)|
|Profit after tax||||16,387|323,384|
|Donation to NHT||||318,700||
|Retained
in Subsidiary||||(302,313)|323,384|
|The net assets and liabilities ofthe subsidiaries|||were:|||
|Fixed assets||||62,596|68,090|
|Current assets||||464,584|766,868|
|Current
liabilities||||(175,153)|(180,223)|
|Total assets less|current|liabilities||352,027|654,735|
|Provisions for liabilities||||(2,233)|(2,628)|
|Net assets||||349,794|652,107|
|Aggregate
share|capital|and reserves||349,794|652,107|
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||Nishkam
Dental Care Li|mited:||||||
|---|---|---|---|---|---|---|---|
|||||||2023|2022|
|||||||E|E|
||Turnover|||||26,885|16,411|
||Cost ofsales|||||8,072|834|
||Gross Profit|||||18,813|15,577|
||Administration
expenses|||||21,482|18,022|
||Operating
Profit and Profit before Taxation|||||(2,669)|(2,445)|
||Government
Grants||||||940|
||Tax|||||283|167|
||Retained
in subsidiary|||||(2,386)|(1,338)|
||The net assets and liabilities ofthe||subsidiaries|were:||||
||Fixed assets|||||12,076|17,078|
||Current assets|||||26,342|22,294|
||Current
liabilities|||||(17,560)|(15,953)|
||Total assets less current|liabilities||||20,858|23,419|
||Provisions for liabilities||||||(175)|
||Net assets|||||20,858|23,244 .|
||Aggregate
share capital|and reserves||||20,858|23,244.|
|5.|Analysis ofexpenditure|on charitable|activities|||||
||||||Management|Governance|Totals|
|||||||cost||
|||||||E||
||Support costs||||43,881||43,881|
||Premises costs||||52,053||52,053|
||Governance
costs|||||5,700|5,700|
||Staff costs||||43,878||43,878|
||Total||||139,812|5,700|145,512|
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|Analysis ofgo|vernance
and support costs||||
|---|---|---|---|---|
|||Administration|Governance|Totals|
||||cost||
||||E||
|Audit fees|||5,700|5,700|
|Accountancy|fees|1,698||1,698|
|Cleaning||4/115||4,115|
|Security costs||8,897||8,897|
|Repairs g. renewals||14,735||14,735|
|Professionalfees||3,000||3,000|
|Administration||8,678||8,678|
|Depreciation||2,758||2,758|
|Total||43I881|5,700|49,581|
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|Net (expe|ndit|ure)/income
is stated after charging:|||
|---|---|---|---|---|
||||2023|2022|
||||E|E|
|Auditor's|remuneration||11,680|12,700|
|Depreciation||- owned assets|12,514|11,904|
|Computer|software amortisation||740|888|
|Total|||24,934|25,492|
|roup staff|costs||||
||||2023|2022|
||||E|E|
|Wages and salaries|||219,178|189,668|
|Social security||costs|8,425|9,732|
|Pension costs|||3,292|2,894|
|Total|||230,895|202,294|
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||||2023|2022|
|---|---|---|---|---|
||||Number|Number|
|Trading|||12|12|
|Charitable
activities|||2|1|
|Total|||14|13|
|Taxation|||||
||||2023|2022|
||||E|E|
|Current Tax|||||
|UK Corporation|Tax|||1,332|
|Deferred Tax|||(677)|372|
|Total|||(677)|1,704|
|Group Intangible||Fixed Assets|||
|||||Computer|
|||||software|
|||||E|
|Cost|||||
|At 1April 2022|||||
|||||24,446|
|Amortisation|||||
|At 1April 2022||||23,706|
|Charge for the year||||740|
|At 31March 2023||||24,446|
|Net Book Value|||||
|At 31March 2023|||||
|At 31March 2022||||740|
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||Improvements|Fixtures and|Motor|Totals|
|---|---|---|---|---|
||to property|fittings|vehicle||
||E|E|E||
|Costs|||||
|At 1April 2022|108,969|77,347|9,682|195,998|
|Additions|5,124|522||5,646|
|Disposals|||||
|At 31March 2023|114,093|77,869|9,682|201,644|
|Depreciation|||||
|At 1April 2022|52,105|52,233|4,628|108,966|
|Charge for the year|6,152|5,605|758|12,515|
|Disposal|||||
|At 31March 2023|58,257|57,838|5,386|121,481|
|Net Book Value|||||
|At 31March 2023|55,836|20,031|4,296|80,163|
|At 31March 2022|56,864|25,114|5,054|87,032|
|Charity Tangible Fixed Assets|||||
||Improvements|Fixtures and||Totals|
||to property|fittings|||
|Costs|||||
|At 1April 2022|23,477|23,243||46,720|
|Additions|5,124|522||5,646|
|At 31March 2023|28,601|23,765||52,366|
|Depreciation|||||
|At 1April 2022|20,873|23,243||44,116|
|Charge for the year|2,733|26||2,759|
|At 31March 2023|23,606|23,269||46,875|
|Net Book Value|||||
|At 31March 2023|4,995|496||5,491|
|At 31March 2022|2,604|||2,604|
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|14.|Stock||||||||
|---|---|---|---|---|---|---|---|---|
||||||Group|Group|Charity|Charity|
||||||2023|2022|2023|2022|
||||||E|E|E|E|
||Pharmaceutical||products||47,281|49,412|||
|15.|Debtors||||||||
||||||Group|Group|Charity|Charity|
||||||2023|2022|2023|2022|
||||||E|E|E|E|
||Trade debtors||||184,319|227,826|51,555|12,273|
||Other debtors||||18,666|8,804|30,121|2,300|
||Prepayrnents||||3,794|4,391|1,594|1,420|
||VAT||||60,284|24,030|||
||Amounts|owed by group undertakings|||||14,954|25,430|
||Total||||267,063|265,051|98,224|41,423|
|16.|Creditors: Amounts
falling due within one year||||||||
||||||Group|Group|Charity|Charity|
||||||2023|2022|2023|2022|
||||||E|E|E|E|
||Trade creditors||||165,849|159,753|11,858|10,117|
||Other creditors|||||20|||
||Accruals||||24,403|67,994|13,658|52,269|
||Deferred|income|||97,186|11,970|97,186|11,970|
||Social security and other taxes||||817|6,276|190|911|
||Total||||288,255|246,013|122,892|75,267|
|17.|Deferred|income|||||||
||Deferred|income|comprises advance room rentals receivable.||||||
||||||||Group|Charity|
||||||||E|E|
||Balance|as at 1April 2022|||||11,970|11,970|
||Amount|deferred
from income earned from charitable||activities|||85,216|85,216|
||Balance|as at 31March 2023|||||97,186|97,186|
##
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|Movement
in|grou|p|funds|||||||
|---|---|---|---|---|---|---|---|---|---|
|||||||At1April2022||Netmovement|At31March|
||||||||E|in funds|2023|
|||||||||E||
|Unrestricted|Funds|||||||||
|Unrestricted|fund||||||825,171|(10,766)|814,405|
|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||||||1,374,747|1,385,513|(10,766)|
|Comparatives|for|movement||in|group funds|||||
|||||||At 1|April 2021|Net movement|At 31March|
||||||||E|in funds|2022|
|||||||||E||
|Unrestricted|Funds|||||||||
|Unrestricted|fund||||||508,142|317,029|825,171|
|Comparative|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|
|Analysis ofnet assets between funds||||||||||
||||||||Unrestricted
fund||Unrestricted
fund|
|||||||||2023|2022|
|||||||||E|E|
|Fixed assets||||||||80,163|87,772|
|Stocks||||||||47,281|49,412|
|Debtors||||||||267,063|265,051|
|Cash at bank|and|in|hand|||||710,279|671,752|
|Creditors —amounts|||falling due within one year|||||(288,255)|(246,013)|
|Creditors —amounts|||more than one year|||||(2,126)|(2,803)|
|Balance as at|31March|||||||814,405|825,171|
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|San at Trust
g|||||||
|---|---|---|---|---|---|---|
|A charitable
company|in which Trustee Mohinder
Singh Ah||luwalia|has been a trustee.|||
||||||2023|2022|
||||||E|E|
|During the year the group purchased
the following services:|||||||
|Nishkarn
Civic Association|||||2,688|2,475|
|Nishkarn
Security Limited|||||8,897|7,238|
|During the year, the|group paid the following|rent:|||||
|Guru Nanak
Nishkam|Sewa Jatha (Birmingham)|UK|||69,198|73,128|
|During 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|||||
|Nishkarn
School Trust|||||||
|At the end ofthe year the group owed the following:|||||||
|Guru Nanak
Nishkam|Sewa Jatha (Birmingham)|UK||||34,728|
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shkam
Healltwre