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← Nishkam Healthcare Trust

2025-03-31-accounts

REGISTERED CHARITY NUMBER: 1154295 REGISTERED COMPANY NUMBER: 08339604

ANNUAL REPORT OF THE TRUSTEES & FINANCIAL STATEMENTS 2024-2025

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CONTENTS Pages
Nishkam Healthcare Trust’s Approach 4
Trustees’ Report 5 to 6
Nishkam Pharmacy 7 to 9
Nishkam Dental Care 10 to 11
Nishkam Mental and Emotional Wellbeing Service 12 to 13
Events at Nishkam Healthcare Centre Phase 14 to 17
Nishkam Post-Natal Project 18
Pictures of Events 19 to 22
Volunteers chart 23
Trustees Responsibilities Statement 24
Independent Auditor's Report 25 to 28
Consolidated Statement of Financial Activities 29
Charity Statement of Financial Activities 30
Consolidated Statement of Financial Position 31
Charity Statement of Financial Position 32
Consolidated Cash Flow Statement 33
Notes to the Financial Statements 34 to 53

3

A Unique Approach

The Nishkam Healthcare Trust brings together experienced medical professionals who are passionate about serving their community. The emphasis is placed around lovingly listening to the concerns of people and striving to address the root cause of disease through emphasis on prevention and patient empowerment, whilst still offering treatment where this is needed. The incorporation of faith-inspired values with medical care practices creates a holistic approach to healing and the long-term wellbeing of the community.

A key part of the mind-set is to strive for ‘Sarbat da Bhalla’ - the goodwill, good wishes and welfare of all.

  1. Values-based healthcare gives importance to the healthcare journey as well as the objective health outcomes, thereby helping to provide a holistic approach to wellbeing and the relief of sickness.

Selfless service for the greater good underpins the work being delivered within the organisation. It is a selfreliant, self-helping, community-led initiative, which aims to reduce the burden upon the government and public institutions, including the NHS. It has been delivering services and collaborating with community orientated organisations in order to support the health needs of the local area at time when public institutions face the pressures of increasing patient care demands and declining resource availability.

Health professionals are expected to act and deliver with:

Our future model is based around an integration of services focussing on a high quality of care, delivered with compassion and benevolence.

Nishkam Healthcare Trust was registered as a charity in 2012. The Trust aims to serve the local community and address health inequalities through the approach described above. This community-led initiative provides a platform for cultural sensitivity and bespoke local healthcare solutions through collaboration with neighbouring stakeholders.

4

TRUSTEES’ REPORT

The trustees, who are also the directors for the purposes of company law, present their report and the financial statements of the charity for the year ended 31 March 2025. The Trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015).

REFERENCE AND ADMINISTRATIVE DETAILS

Incorporation

The charitable company was incorporated on 21 December 2012

Registered Company number

conditions. The Trustees have also examined other operational and business risks faced by the Charity and confirm that they have established systems to mitigate the risks.

At the time of approval of the report, the auditors are not aware of any relevant audit information and all appropriate steps have been taken to establish this. The Charity has taken advantage of the small companies exemption.

Going concern

The accounts have been prepared on the basis of being a going concern. The Trustees confirm that they have taken into account all available information about the future for at least 12-months from the date the accounts were approved and conclude there is no uncertainty relating to going concern

08339604 (England and Wales)

Investment policy and objectives

Registered Charity number

1154295

Principal Address

21 Soho Road, Birmingham, B21 9SN

The Charity's principal initial objective is to facilitate the provision of personalised, culturally-sensitive healthcare and its investment policy is to defray the income received in providing investment in Nishkam Pharmacy Limited (21 Soho Road), NPVR Limited and Nishkam Dental Care Limited.

Current Trustees

Mr Ranjit Sondhi Dr Brinder Singh Mahon Dr Sarabjit Singh Chandan Dr Manvir Kaur Hayer Mrs Gianjeet Kaur Hunjan (Appointed 7 August 2024) Mr Paul Warwick Jennings

Trustees served during the period

Prof Steve Fields (Resigned 23 September 2024)

Auditors

BSN Associates Ltd 3B Swallowfield Courtyard, Wolverhampton Road Oldbury B69 2JG

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a charitable trust.

The charity does not propose to build a substantial investment portfolio as the funds raised are to be expected as achieving the objectives of the charity.

Pay policy for senior staff

The directors consider the board of directors, who are the Trust’s trustees, and the senior management team comprise the key management personnel of the charity of directing and controlling, running and operating the Trust on a day-to-day basis. All directors give of their time freely and no director received remuneration in the year.

The pay of senior staff is reviewed annually and normally increased in accordance with average earnings

OBJECTIVES AND ACTIVITIES

Significant activities

The principal activities during the year included addressing the health needs of the local community through free, accessible health screening, patient education and the invaluable role of volunteer healthcare professional in fostering public health.

Risk management

The Trustees actively review the major risks which the Charity faces on a regular basis and believe that maintaining reserves at current levels, combined with an annual review of the controls over key financial systems, will provide sufficient resources in the event of adverse

5

Trustees

Ranjit Sondhi CBE , Has served extensively on national regulatory and governing bodies including the Commission for Racial Equalities, the BBC, the National Gallery, the Criminal Cases Review Commission and Guide Dogs for the Blind. He was Chair of the former Heart of Birmingham PCT, vice-chair of the former Sandwell and West Birmingham Clinical Commissioning Group (CCG), and lay member of the former Black Country and West Birmingham CCG. He is also a senior lecturer at the University of Birmingham.

Mrs Gianjeet Hunjan A qualified accountant, Gianjeet has more than 30 years’ experience working in the NHS. She started her career at Sandwell Health Authority and has held various senior finance roles. She is passionate about our National Health Service and has previously been a Non-Executive at Sandwell and West Birmingham and Solihull Mental Health NHS Foundation Trust, and the Royal Orthopaedic Hospital NHS Foundation Trust.

Dr Brinder Singh Mahon OBE Consultant Radiologist, at the University Hospitals Birmingham NHS Foundation Trust, and CEO of the board for the Nishkam School Trust.

Dr Sarabjit Singh Chandan, MBBS A locum general practitioner, past director of a GP locum agency.

Dr Manvir Kaur Kalirai MBChB, PhD Consultant nephrologist at the University of Birmingham

Total reserves at the balance sheet date were £612,919, which the Trustees consider to be adequate to continue the Charity's ongoing objectives

Public benefit

NHT carries out a wide range of activities in pursuance of its charitable aims. The trustees consider that these activities, summarised below, provide benefit both to those who attend the NHT site and the wider communities it serves. The specific benefits for the public may be summarised in the following way.

Grant making policy

The Trust has established its grant making policy to achieve its objects for the public benefit, specifically the provision of healthcare. The immediate beneficiary of the current grant making policy is Nishkam Civic Association to enable the Charity to effectively support the Start of Life Antenatal care programme.

The Nishkam Start of Life Care project is a community-led initiative in Birmingham that empowers future parents through antenatal classes, health education, and family support to give children the best possible start in life, while breaking cultural barriers and fostering lasting wellbeing.

Through collaboration between Nishkam Healthcare Trust and Nishkam Civic Association, it aims to break cultural barriers, empower parents, and promote lasting health and well-being in the community.

Mr Paul Warwick Jennings, CEO at NHS Warwickshire

Has 40 years of experience across a range of NHS organisations, including critical care and services for older people, was made a Fellow of the Faculty of Public Health in 2010 for his work to address inequality in health and social care. He supported the Extra Care Charitable Trust, which offers unique lifestyle opportunities for care and residential home residents for ten years, with three years as Chair. He led the Chief Executive’s Group for Health and Local Government across Birmingham and Solihull and was at the forefront of a merger of three Clinical Commissioning Groups to create the largest CCG (now BSOL ICS) in England. In addition, he is the present Chair of Hospice UK, and a director at St Giles Hospice, and Welcome Wellbeing CIC.

ACHIEVEMENT AND PERFORMANCE FINANCIAL REVIEW

Reserves policy

The present level of funding is adequate to support the continuation of the current activities.

Principal funding sources

We review the grant making policy annually to ensure it reflects the charity’s objects and therefore advances public benefit and healthcare.

Trustee Inductions

Trustees are invited to attend training sessions to familiarise themselves with the operations of the charity. As part of their induction, new trustees will also be provided with detail of their legal duties and a trustee guide, which will be critical to helping run the charity effectively.

Further detail is shared to enable the trustee to understand the charity's purpose and values, the manner in which the charity achieves these values and any additional filing requirements.

Regular trustee meetings are held where trustees will share knowledge amongst eachother and provide an update in line with the latest requirements of their role. Trustee meetings will also provide detail on the charity's plans, the charities current financial position and any risks the charity faces.

During the period the Charity generated income of £151,296. The Charity expensed a total of £174,322, leaving a net loss of £23,026.

6

Pharmacies

Nishkam Pharmacy (21 Soho Road and Villa Road)

The Nishkam Pharmacies continues to prioritise health promotion and work closely with the wider health team to offer health screening events with free health checks and lifestyle advice.

The pharmacies continue to provide Pharmacy First services as well as other NHS services along with private services. This offers a quick access to care without need for a GP appointment or attending A & E for common ailments. Therefore, giving the local community easy access to care. The team continues outreach work to serve local care homes and conduct regular medication reviews and training to care home staff.

Community Value

The Nishkam Pharmacies have continued to provided seasonal vaccinations which includes flu and covid vaccines to help immunise the large population of the community locally. Pharmacies provide the hypertension case finding study this is to help find patients with undiagnosed hypertension to ensure they are captured early to help prevent issues further on.

Working alongside universities to provide placements to students in a community pharmacy setting offering hands-on patient experience to a diverse patient population.

Key Challenges, Value- add and new opportunities

The rapidly increasing cost of drugs is impacting sustainability, continuing issues with drug shortages and supply chain disruptions impacted the ability to provide essential medications.

New Opportunities

Expansion of clinical services such as private anti-fungal treatments for patients with fungal treatment offering quick access to care without the need for a GP appointment. Positioning the pharmacy to become central hubs for a range of patient health needs, offering advice, support and services at the heart of the community.

Value- add

We have a team of 12 Professional Pharmacists who selflessly dedicate their time and professional services to support both Nishkam Pharmacies and the local community. This conservatively contributes to £9,000 giving a total of 300 hrs of volunteer time.

Next Steps

The NHS plan is for Pharmacies to become hubs and bring more health and care services closer to people's homes. With a focus on prevention, managing long-term conditions, and addressing health inequalities through tailored NHS Services and private services such as Travel clinic, weight management clinic, screening for conditions like hypertension and diabetes. Introducing a digital platform (App) to allow patients to order online and receive regular updates of medication status.

7

Nishkam Pharmacy Volunteers and staff members across the two pharmacy sites.

----- Start of picture text -----
2 Volunteer 12 Volunteer
Directors Pharmacist
2 full time
3 full time
pharmacist & 1
dispensers & 2 part
part-time
time dispensers
pharmacist
2 part-time locum
dispensers
----- End of picture text -----

8

Feedback from customers that access the Pharmacies

9

Nishkam Dental Care

Community Value

Nishkam Dental Care is built entirely on the principle of Sewa (selfless service). Every weekend, our dentists and support teams commit 100% volunteer hours, ensuring that high-quality dental care is accessible to those who need it most. This unique model directly addresses health inequalities, particularly for individuals and families who might otherwise struggle to access or afford dental treatment.

The team operate on a “pro bono, pay-what-you-can” scheme. Those with limited means contribute what they can. Those in a stronger financial position have the option to give a little extra, which helps balance costs and sustain the service. This approach ensures fairness, dignity, and inclusivity — making sure no one is excluded from essential oral healthcare due to financial hardship.

The team also play a proactive role in community health screening days, where our volunteer teams provide Oral health checks to detect early signs of gum disease, tooth decay, and oral cancer. Preventative advice on brushing, diet, and oral hygiene, tailored to local community needs. Referrals for further treatment where required, helping connect people to the right care pathway early.

Nishkam Dental Care actively supports Antenatal start-of-life care sessions providing specialist advice to expectant mothers on the importance of oral hygiene during pregnancy, reducing risks such as gum disease. Educating families on early childhood oral health, including teething care, bottle feeding practices, and the prevention of early decay.

The model is driven not by financial gain but by love, compassion, and community spirit. Nishkam Dental Care exists to serve people, not profit. This value-led approach reflects our core ethos: healthcare is a human right, not a commodity.

At the same time, the services support the NHS by easing pressures on local practices and urgent care services. By providing preventative and emergency dental care in the community, helping to reduce the strain on overstretched NHS resources while promoting long-term oral health.

10

Nishkam Dental Care

Nishkam Dental Care (NDC) is a volunteer led service managed and delivered by highly professional and dedicated dentists offering a part-time fully fledged dental clinic providing definitive long-term care for the local community. Patients are not assessed for affordability but have the option of contributing what they can afford.

Staff: 2 nurses (part time on PAYE); 7 volunteer dentists.

• Approx 700-900 new and existing patients are seen a Year

A full range of services are provided with some specialist services also offered such as endodontics, prosthodontics, sedation and oral surgery. There has been continued investment in equipment and materials to ensure the services being provided are cutting edge and of the highest quality.

• Running costs are approximately £1000- 1500 a month but can vary depending on complexity of treatment and how much NDC needs to subsidise. There are also, voluntary donations of materials from the dental community.

• Savings are approximately £50,000 to £65000 per year.

11

Nishkam Mental and Emotional Wellbeing Service

The importance of good mental health provision: Good mental health is a basic right for all – it is now widely recognised that people with serious mental illnesses die on average 15-20 years earlier. In areas of deprivation and poverty, mental health problems are often under-recognised, under-diagnosed and inadequately managed. Preventative care is the solution – by working in communities to help people with lower-level mental health problems, we can prevent more serious problems further down the line, as well as reduce the overall burden on healthcare systems. However, mental health cannot be treated in isolation but rather in conjunction with physical health problems, as well as the wider determinants of healthcare such as poverty, poor housing and poor nutrition. This requires integration between organisations, services and the creation of new innovative pathways.

About the service: Nishkam Mental and Emotional Wellbeing Service - one of the key services delivered by Nishkam Healthcare Trust - infuses faith-inspired wisdom with clinical excellence to deliver counselling for adults with mental health needs, serving people of all backgrounds and faiths in multiple languages. The service has found a unique space, supporting those with low to moderate mental health needs, complementing existing NHS services. Due to multiple pathways developed within the local NHS framework, Nishkam regularly receives referrals from those who would not normally access mental health services. Counsellors have flexibility in the number of sessions, offering up to 10 sessions and sometimes beyond. The service is integrated into other neighbourhood services such as housing, benefits and debt support.

Next steps: The service has recently been successfully awarded the Fairer Futures Fund (Birmingham & Solihull Integrated Care System) in partnership with Birmingham & Solihull Mental Health NHS Foundation Trust. This will allow continuation, expansion and further development of the service. It will also allow this vital community service to become further integrated within local NHS systems. The service has found a unique space, supporting those with low to moderate mental health needs, complementing existing NHS services. Due to multiple pathways developed within the local NHS framework, Nishkam regularly receives referrals from those who would not normally access mental health services.

Our mental health team is made up of 3 counsellors and psychotherapists.

We offer weekly 6 to 10 counselling sessions with a counsellor, either in person centred counselling, integrative approach or inner child therapy.

The sessions are face-to-face or can be offered over the phone or online.

12

Healing with forgiveness

NMEWS is focuses on healing the self with forgiveness and compassion, in line with the Peace Charter for Forgiveness and Compassion, which was developed over a decade of international dialogue and consultation, and first launched at the Religions for Peace International Conference in 2019.

Total Number of Staff

Future Plans

----- Start of picture text -----
1 consultant
2 paid 1 trainee 1 admin
Psychiatrist
counsellors counsellor support
volunteer
1 GP 1 Strategic
volunteer Spearhead
service lead Volunteer
----- End of picture text -----

Recruitment of another paid counsellor, one trainee counsellor and one Psychology student on placement to support the administration of the service, bringing the team to 6 operational staff. We are expanding the service to group wellbeing sessions and to implement the guidance to offer chaplaincy service under the NMEWS umbrella.

Quotes from clients:

“It is an excellent service. Everybody should receive this service, so they can go further in their life, and they can follow that path. They think it’s difficult, it’s not difficult. It so easy. It’s in our mind, if there is a will there is always a way. Universe always helps those people, who follow the right path.”

“I would like to say thank you to my counsellor and thank you to Nishkam healthcare trust.”

13

Health Awareness, Education and Screening at the Nishkam Healthcare Centre and Outreach Work

The Nishkam Health Screening Days are vital initiative, addressing the health needs of the local community through free and accessible screening. The events not only identify new cases but also facilitates necessary medical referrals and an urgent admission, thereby contributing significantly to the overall well-being of the attendees. The success of the event highlights the importance of community health initiatives and the invaluable role of volunteer healthcare professionals in fostering public health.

Future Initiatives

Given the significant health findings from the Nishkam Health Screening Day, including numerous undiagnosed conditions and urgent referrals, we aim to conduct monthly screening days. These regular events will provide ongoing, accessible health assessments, enabling early detection and management of health issues. By offering consistent screenings, we seek to improve health outcomes and enhance the overall well-being of the community.

14

Community Health Screening Impact Events & Resources •• a5 28 Approximate Health Volunteers Resource Cost: Screening (Doctors. Events Pharmacists, Nurses, Dentists, Admin) £17,000 Community Reach 224 attendees f rom local commumunity. Majority of Asian and Afro-caribbean ethnicities Key Health Outcomes Identified Newly Diagnosed Hypertension Cases Raised Blood Pressures in Existing Hypertensive Patients Newly Diagnosed Atrial Fibrillation (AF) Cases •330 Urgent Admissions Required BOTTOM LINEI KEY IMPACT 61 new or unmanaged health issues identified, 4 urgent admissions prevented potential emergencies

WORLD KIDNEY DAY Thursday 13th March 2025 15 people were seen The youngest seen on the day was a male 41 years of age Age ranging from 51-81 years old Blood pressure readings were quite elevated Advice given was around lifestyle including well- balanced diet and hydration to reduce cardiovascular risks Eight patients were advised to see their GPS for review regarding their blood pressure, and changes on their medication doses Good support from GP. where referral of one patient to see their GP who is diabetic and experiencing pain on her foot Information leaf lets regarding hydration and nutrition were also given to patients

Nishkam Health Screening Events viri illl,rfi 11

Post-natal Service

Post-natal Pilot Programme Friday 8[th] August 2024

This service integrates part of the Nishkam Start of Life Antenatal care wrap around service to support mothers and babies in the postnatal period, through faith-inspired values-led educational and empowerment sessions.

This is an innovative programme working in collaboration with the NHS, faith and community organisations as well as expert volunteer healthcare professionals.

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Nishkam Healthcare Trust

Company Limited by Guarantee

Trustees' Annual Report (Incorporating the Director's Report) (continued)

Year ended 31 March 2025

Trustees' responsibilities statement

The trustees, who are also directors for the purposes of company law, are responsible for preparing the trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the charity trustees to prepare financial statements for each year which give a true and fair view of the state of affairs of the charitable company and the incoming resources and application of resources, including the income and expenditure, for that period.

In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charity's transactions and disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Auditor

Each of the persons who is a trustee at the date of approval of this report confirms that:

The trustees' annual report and the strategic report were approved on 23 December 2025 and signed on behalf of the board of trustees by:

Dr Sarabjit Chandan Trustee

24

Nishkam Healthcare Trust

Company Limited by Guarantee

Independent Auditor's Report to the Members of Nishkam Healthcare Trust

Year ended 31 March 2025

Opinion

We have audited the financial statements of Nishkam Healthcare Trust (the 'charity') and the group for the year ended 31 March 2025 which comprise of the charity and group statement of financial activities (including income and expenditure account), the charity and group statement of financial position, statement of cash flows and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

25

Nishkam Healthcare Trust

Company Limited by Guarantee

Independent Auditor's Report to the Members of Nishkam Healthcare Trust

(continued)

Year ended 31 March 2025

Other information

The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. The trustees are responsible for the other information. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the charity and its environment obtained in the course of the audit, we have not identified material misstatements in the trustees' report.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

26

Nishkam Healthcare Trust

Company Limited by Guarantee

Independent Auditor's Report to the Members of Nishkam Healthcare Trust (continued)

Year ended 31 March 2025

Responsibilities of trustees

As explained more fully in the trustees' responsibilities statement, the trustees (who are also the directors for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charity's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Irregularities that result from fraud might be inherently more difficult than irregularities that result from error, which gives rise to a risk of material misstatement. We are of the opinion that the planned audit approach, the documentation and interrogation of the entity's controls means that the audit procedures carried out were capable of detecting irregularities, including fraud. We have also reviewed financial statement disclosures and tested these to supporting documentation to assess compliance with applicable laws and regulations. We have audited the risk of management override of controls, including through testing journal entries and other adjustments for appropriateness, and evaluating the business rationale of significant transactions outside the normal course of business. We have also made enquiries of entity staff in tax and compliance functions to identify any instances of non-compliance with laws and regulations and have reviewed correspondence with regulatory bodies as part of our audit procedures.

As part of an audit in accordance with ISAs (UK), we exercise professional judgment and maintain professional scepticism throughout the audit. We also:

27

Nishkam Healthcare Trust

Company Limited by Guarantee

Independent Auditor's Report to the Members of Nishkam Healthcare Trust (continued)

Year ended 31 March 2025

We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

Use of our report

This report is made solely to the charity's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charity's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity's members as a body, for our audit work, for this report, or for the opinions we have formed.

Hannah Justice FCA FCCA (Senior Statutory Auditor)

For and on behalf of BSN Associates Limited Chartered accountants & statutory auditor 3B Swallowfield Courtyard Wolverhampton Road Oldbury West Midlands B69 2JG

23 December 2025

28

Nishkam Healthcare Trust

Company Limited by Guarantee

Consolidated Statement of Financial Activities (including income and expenditure account)

Year ended 31 March 2025

2025 2024
Unrestricted Restricted
funds funds Total funds Total funds
Note £ £ £ £
Income and endowments
Donations and legacies 5 45,550 18,663 64,123 97,156
Other trading activities 6 1,943,587 – 1,943,587 1,419,485
───────── ──────── ───────── ─────────
Total income 1,989,137 18,663 2,007,800 1,516,641
═════════ ════════ ═════════ ═════════
Expenditure
Raising funds: Commercial trading
operations 1,868,665 - 1,868,665 1,456,936
Expenditure on charitable activities 7,8 155,598 18,663 174,261 219,363
───────── ──────── ───────── ─────────
Total expenditure 2,024,263 18,663 2,042,926 1,676,299
═════════ ════════ ═════════ ═════════
Share of income in associate (1,255) - (1,255) 2,970
───────── ──────── ───────── ─────────
Net income/(expenditure) and net
movement in funds (36,381) – (36,381) (156,688)
═════════ ════════ ═════════ ═════════
Reconciliation of funds
Total funds brought forward 676,540 – 676,540 833,228
───────── ──────── ───────── ─────────
Total funds carried forward 640,159 – 640,159 676,540
═════════ ════════ ═════════ ═════════

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

The notes on pages 34 to 53 form part of these financial statements.

29

Nishkam Healthcare Trust

Company Limited by Guarantee

Charity Statement of Financial Activities (including income and expenditure account)

Year ended 31 March 2025

2025 2024
Unrestricted Restricted
funds funds Total funds Total funds
Note £ £ £ £
Income and endowments
Donations and legacies 45,550 18,663 64,213 121,156
Other trading activities 87,083 – 87,083 103,612
───────── ──────── ───────── ─────────
Total income 132,633 18,663 151,296 224,768
═════════ ════════ ═════════ ═════════
Expenditure
Expenditure on charitable activities 155,659 18,663 174,322 219,567
───────── ──────── ───────── ─────────
Total expenditure 155,659 18,663 174,322 219,567
═════════ ════════ ═════════ ═════════
───────── ──────── ───────── ─────────
Net income and net movement in funds (23,026) – (23,026) 5,201
═════════ ════════ ═════════ ═════════
Reconciliation of funds
Total funds brought forward 635,945 – 635,945 630,744
───────── ──────── ───────── ─────────
Total funds carried forward 612,919 – 612,919 635,945
═════════ ════════ ═════════ ═════════

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

The notes on pages 34 to 53 form part of these financial statements.

30

Nishkam Healthcare Trust

Company Limited by Guarantee

Consolidated Statement of Financial Position

31 March 2025

2025 2024
Note £ £
Fixed assets
Intangible fixed assets
17		 350,000 -
Tangible fixed assets 18 89,335 107,384
Investments 19 20,538 21,793
───────── ─────────
459,873 129,177
Current assets
Stocks 107,153 49,181
Debtors 21 278,432 137,697
Cash at bank and in hand 119,898 569,806
───────── ─────────
505,483 756,684
Creditors: amounts falling due within one year 22 320,120 203,956
───────── ─────────
Net current assets 185,363 552,728
───────── ─────────
Total assets less current liabilities 645,236 681,905
Provisions 24 5,077 5,365
───────── ─────────
Net assets 640,159 676,540
═════════ ═════════
Funds of the charity
Unrestricted funds 640,159 676,540
───────── ─────────
Total charity funds 27 640,159
═════════		 676,540
═════════

These financial statements were approved by the board of trustees and authorised for issue on 23 December 2025, and are signed on behalf of the board by:

Dr Sarabjit Chandan Trustee

The notes on pages 34 to 53 form part of these financial statements.

31

Nishkam Healthcare Trust

Company Limited by Guarantee

Charity Statement of Financial Position

31 March 2025

2025 2024
Note £ £
Fixed assets
Tangible fixed assets 18 10,105 12,640
Investments 19 186,992 186,992
───────── ─────────
197,097 199,632
Current assets
Debtors 21 434,218 50,826
Cash at bank and in hand 18,449 434,521
───────── ─────────
452,667 485,347
Creditors: amounts falling due within one year 22 36,845 49,034
───────── ─────────
Net current assets 415,822 436,313
───────── ─────────
Total assets less current liabilities 612,919 635,945
───────── ─────────
Net assets 612,919 635,945
═════════ ═════════
Funds of the charity
Unrestricted funds 612,919 635,945
───────── ─────────
Total charity funds 612,919
═════════		 635,945
═════════

These financial statements were approved by the board of trustees and authorised for issue on 23 December 2025, and are signed on behalf of the board by:

Dr Sarabjit Chandan Trustee

The notes on pages 34 to 53 form part of these financial statements.

32

Nishkam Healthcare Trust

Company Limited by Guarantee

Consolidated Statement of Cash Flows

Year ended 31 March 2025

2025 2024
£ £
Cash flows from operating activities
Net income (36,381) (156,688)
Adjustments for:
Depreciation of tangible fixed assets 16,308 14,496
Loss on disposal of tangible assets 3,526 -
Share of associate profit 1,255 (2,970)
Tax in subsidiaries (288) 3,239
Changes in:
Stocks (57,972) (1,900)
Trade and other debtors (140,735) 129,366
Trade and other creditors 116,164 (84,299)
──────── ─────────
Cash generated from operations (98,123) (98,756)
──────── ─────────
Net cash (used in)/from operating activities (98,123) (98,756)
════════ ═════════
Cash flows from investing activities
Purchase of tangible assets (1,785) (41,717)
Purchase on intangible assets (350,000) -
──────── ─────────
Net cash used in investing activities (449,908) (41,717)
════════ ═════════
Net (decrease)/increase in cash and cash equivalents (449,908) (140,473)
Cash and cash equivalents at beginning of year 569,806 710,279
───────── ─────────
Cash and cash equivalents at end of year 119,898 569,806
═════════ ═════════

The notes on pages 34 to 53 form part of these financial statements.

33

Nishkam Healthcare Trust

Company Limited by Guarantee

Notes to the Financial Statements

Year ended 31 March 2025

1. General information

The charity is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is 21 Soho Road, Birmingham, B21 9SN.

2. Statement of compliance

These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Companies Act 2006.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Consolidation

The financial statements consolidate the financial statements of Nishkam Healthcare Trust and all of its subsidiary undertakings.

The results of subsidiaries acquired or disposed of during the year are included from or to the date that control passes.

Going concern

There are no material uncertainties about the charity's ability to continue.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Income tax

The charity is exempt from corporation tax on its charitable activities.

For trading subsidiaries the taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.

34

Nishkam Healthcare Trust

Company Limited by Guarantee

Notes to the Financial Statements

Year ended 31 March 2025

3. Accounting policies (continued)

Income tax (continued)

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Fund accounting

Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.

Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.

Incoming resources

All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:

35

Nishkam Healthcare Trust

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 March 2025

3. Accounting policies (continued)

Resources expended

Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:

All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Intangible assets

Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

Computer software

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

36

Nishkam Healthcare Trust

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 March 2025

3. Accounting policies (continued)

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Improvements to property - 4-10% straight line Fixtures and fittings - 10-20% straight line and 15% reducing balance Motor vehicles - 15% reducing balance

Investments

Unlisted equity investments are initially recorded at cost, and subsequently measured at fair value. If fair value cannot be reliably measured, assets are measured at cost less impairment.

Investments in associates

Investments in associates accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses.

Investments in associates accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value taken through income or expenditure. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted.

Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.

For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the charity are assigned to those units.

37

Nishkam Healthcare Trust

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 March 2025

3. Accounting policies (continued)

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.

Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted.

Debt instruments are subsequently measured at amortised cost.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as an expense in the period in which it arises.

4. Limited by guarantee

The charity is a company limited by guarantee. The members of the company are the trustees named on page 1. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £10 per member of the charity.

38

Nishkam Healthcare Trust

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 March 2025

5. Donations and legacies

Unrestricted Restricted Total Funds
Funds Funds 2025
£ £ £
Donations
Donations 45,550 – 45,550
Grants
Grants receivable – 18,663 18,663
──────── ──────── ─────────
45,550 18,663 64,213
════════ ════════ ═════════
Unrestricted Restricted Total Funds
Funds Funds 2024
£ £ £
Donations
Donations 30,000 – 30,000
Grants
Grants receivable – 67,156 67,156
───────── ──── ─────────
30,000 67,156 97,156
═════════ ════ ═════════
Other trading activities
Unrestricted Total Funds Unrestricted Total Funds
Funds 2025 Funds 2024
£ £ £ £
Room hire 62,491 62,491 86,669 86,669
Other income 1,481 1,481 3,618 3,618
Commercial trading operations 1,879,575 1,879,575 1,329,131 1,329,131
Investment income 40 40 67 67
───────── ───────── ──────── ────────
1,943,587 1,943,587 1,419,485 1,419,485
═════════ ═════════ ════════ ════════

6. Other trading activities

7. Expenditure on charitable activities by fund type

Unrestricted Restricted Total Funds
Funds Funds 2025
£ £ £
Direct costs of charitable activities 103,540 200 103,740
Support costs 52,058 18,463 70,521
───────── ──────── ─────────
155,598 18,663 174,261
═════════ ════════ ═════════
Unrestricted Restricted Total Funds
Funds Funds 2024
£ £ £
Direct costs of charitable activities 108,018 32,841 140,859
Support costs 44,189 34,315 78,504
───────── ──── ─────────
152,207 67,156 219,363
═════════ ════ ═════════

39

Nishkam Healthcare Trust

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 March 2025

8. Expenditure on charitable activities by activity type

Activities
undertaken Grant funding Total funds Total fund
directly of activities Support costs 2025 2024
£ £ £ £ £
Direct costs of charitable
activities 103,540 200
63,751		 167,491 211,647
Governance costs – –
6,770		 6,770 7,920
─────────
────────
────────		 ───────── ─────────
103,540 200
70,521		 174,261 219,567
═════════
════════
════════		 ═════════ ═════════
9. Analysis of support costs
Charitable
activities Total 2025 Total 2024
£ £ £
Staff costs 54,130 54,130 58,975
General office 6,466 6,466 6,146
Legal and professional 620 620 3,020
Depreciation 2,535 2,535 2,443
──────── ──────── ────────
63,751 63,751 70,584
════════ ════════ ════════
10. Analysis of grants
2025 2024
£ £
Grants to institutions
Nishkam Civic Association 200 32,841
──────── ────
Total grants 200 32,841
════════ ════
11. Net (Expenditure)/ income
Net (expenditure)/income is stated after charging/(crediting):
2025 2024
£ £
Amortisation of intangible assets - -
Depreciation of tangible fixed assets 16,307 14,496
═══════ ═══════
12. Auditors remuneration
2025 2024
£ £
Fees payable for the audit of the financial statements 11,300 11,300
═══════ ═══════

40

Nishkam Healthcare Trust

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 March 2024

13. Staff costs

The total staff costs and employee benefits for the reporting period are analysed as follows:

2025 2024
£ £
Wages and salaries 394,900 285,950
Social security costs 18,551 13,052
Employer contributions to pension plans 6,909 5,064
──────── ────────
420,360 304,066
════════ ════════

The average head count of employees during the year was 24 (2024: 16). The average number of full-time equivalent employees during the year is analysed as follows:

Trading
Charitable activities		 2025
2024
No.
No.
22
14
2
2
────────
────────
24
16
════
════

No employee received employee benefits of more than £60,000 during the year (2024: Nil).

The key management of the parent charity, the Trust, comprises of the trustees who receive no remuneration for their services.

The key management personnel of the group comprise those of the Trust who receive no remuneration for their services.

14. Trustee remuneration and expenses

There were no trustees’ remuneration or other benefits for the ended 31 March 2025 nor for the year ended 31 March 2024.

There were no trustees’ expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024.

15. Taxation

Taxation included in the trading subsidiaries:
2025 2024
£ £
Current tax - -
Deferred tax (288) 3,239
──────── ────────
(288) 3,239
════════ ════════

41

Nishkam Healthcare Trust

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 March 2025

16. Incoming resources from other activities for generating funds

The charitable trust wholly owns 100% of the share capital of the following trading subsidiaries:

Subsidiary Country of Incorporation Company
number
Nishkam Pharmacy Limited England and Wales 08341597
Nishkam Dental Care Limited England and Wales 09520055
NPVR Limited England and Wales 14764588

A summary of the financial performance of each of the subsidiaries is shown below:

Nishkam Pharmacy Limited:

y
Turnover
Cost of sales
Gross Profit
Administration expenses
Interest received
Interest paid
Other operating income
Operating Loss and Loss before Taxation
Tax on loss
Loss after tax
Donation to NHT
Retained in Subsidiary
The net assets and liabilities of the subsidiaries were:
Fixed assets
Current assets
Current liabilities
Total assets less current liabilities
Provisions for liabilities
Net assets
Aggregate share capital and reserves		 2025
£
1,257,311
911,669
345,642
375,629
(29,987)
37
(12)
16,629
(13,333)
172
(13,161)
-
(13,161)
59,251
329,915
(147,333)
241,833
(2,897)
238,936
238,936		 2024
£
1,310,996
979,695
331,301
417,146
(85,845)
67
(31)
12,948
(72,861)
(836)
(73,697)
24,000
(97,697)
63,577
369,373
(177,784)
255,166
(3,069)
252,097
252,097

42

Nishkam Healthcare Trust

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 March 2025

16. Incoming resources from other activities for generating funds (continued)

Nishkam Dental Care Limited:
Turnover
Cost of sales
Gross Profit
Administration expenses
Operating Profit and Profit before Taxation
Tax on profit
Retained in Subsidiary
The net assets and liabilities of the subsidiaries were:
Fixed assets
Current assets
Current liabilities
Total assets less current liabilities
Provisions for liabilities
Net assets
Aggregate share capital and reserves		 2025
£
30,083
3,233
26,850
15,466
11,384
818
12,202
16,277
37,924
(16,381)
37,820
(1,478)
36,342
36,342		 2024
£
24,601
2,511
22,090
16,406
5,684
(2,403)
3,281
22,448
1,937
(15,390)
26,435
(2,296)
24,139
24,139

43

Nishkam Healthcare Trust

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 March 2025

16. Incoming resources from other activities for generating funds (continued)

NPVR Limited:
Turnover
Cost of sales
Gross Profit
Administration expenses
Operating Loss and Loss before Taxation
Tax on loss
Retained in Subsidiary
The net assets and liabilities of the subsidiaries were:
Fixed assets
Current assets
Current liabilities
Total assets less current liabilities
Provisions for liabilities
Net liabilities
Aggregate share capital and reserves		 2025
£
583,330
360,921
222,409
232,850
(10,441)
(702)
(11,143)
353,702
134,716
(606,068)

(80,882)
(703)		 2024
£
-
-
-
70,443
(70,443)
-
(70,443)
8,719
1
(79,162)

(70,442)
-
(81,585) (70,442)
(81,585) (70,442)

44

Nishkam Healthcare Trust

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 March 2025

17. Intangible assets

Group Computer
software
£
Cost
At 1 April 2024 and 31 March 2025 24,446
════════
Amortisation
At 1 April 2024 and 31 March 2025 24,446
════════
Carrying amount
At 31 March 2025 –
════════
At 31 March 2024 –
════════
Goodwill
£
Cost
At 1 April 2024 –
Additions 350,000
At 31 March 2025 350,000
════════
Amortisation
At 1 April 2024 and 31 March 2025 –
════════
Carrying amount
At 31 March 2025 350,000
════════
At 31 March 2024 –
════════

The charity has no intangible assets.

18. Tangible fixed assets

Group Leasehold
property Fixtures and
Motor Vehicle
improvement fittings Total
£ £ £ £
Cost
At 1 April 2024 114,093 119,586
9,682		 243,361
Additions – 1,785
–		 1,785
Disposals – (4,062)
–		 (4,062)
──────── ────────
────────		 ────────
At 31 March 2025 114,093 117,309
9,682		 241,084
════════ ════════
════════		 ════════
Depreciation
At 1 April 2024 62,444 67,503
6,030		 135,977
Charge for the year 3,933 11,827
548		 16,308
Disposals – (536)
–		 (536)
──────── ────────
────────		 ────────
At 31 March 2025 66,377 78,794
6,578		 151,749
════════ ════════
════════		 ════════
Carrying amount
At 31 March 2025 47,716 38,515
3,104		 89,335
════════ ════════
════════		 ════════
At 31 March 2024 51,649 52,083
3,652		 107,384
════════ ════════
════════		 ════════

45

Nishkam Healthcare Trust

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 March 2025

18. Tangible fixed assets (continued)

Long
leasehold Fixtures and
property fittings Total
£ £ £
Cost
At 1 April 2024 and 31 March 2025 28,601 33,357 61,958
============================ ============================ ============================
Depreciation
At 1 April 2024 24,373 24,945 49,318
Charge for the year 512 2,023 2,535
---------------------------- ---------------------------- ----------------------------
At 31 March 2025 24,885 26,968 51,853
============================ ============================ ============================
Carrying amount
At 31 March 2025 3,716 6,389 10,105
============================ ============================ ============================
At 31 March 2024 4,228 8,412 12,640
============================ ============================ ============================
19. Investments
Group Investment
in associate
£
Share of net assets
At 1 April 2024 21,793
Share of profit/loss (1,255)
─────────
At 31 March 2025 20,538
═════════
Impairment
At 1 April 2024 and 31 March 2025 –
═════════
Carrying amount
At 31 March 2025 20,538
═════════
At 31 March 2024 21,793
═════════

46

Nishkam Healthcare Trust

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 March 2025

19. Investments (continued)

Charity Shares in
group
undertakings
£
Cost or valuation
At 1 April 2024 and 31 March 2025 186,992
═════════
Impairment
At 1 April 2024 and 31 March 2025 –
═════════
Carrying amount
At 31 March 2025 186,992
═════════
At 31 March 2024 186,992
═════════

All investments shown above are held at valuation.

The charity holds investments in the following undertakings all of which are registered in England and Wales:

% of Shares
Held
Nishkam Pharmacy Limited 100
Nishkam Dental Care Limited 100
NPVR Limited 100
Nishkam Security Limited 25

20. Stocks

Group 2025 2024
£ £
Pharmaceutical products 107,153 49,181
──────── ────────
107,153 49,181
════════ ════════

The charity has no stock.

47

Nishkam Healthcare Trust

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 March 2024

21. Debtors

Group 2025 2024
£ £
Trade debtors 160,489 110,757
Amounts owed by group undertakings - -
Prepayments and accrued income 14,070 4,641
Other debtors 103,873 22,299
──────── ────────
278,432 137,697
════════ ════════
Charity 2025 2024
£ £
Trade debtors 9,026 11,787
Amounts owed by group undertakings 401,878 24,378
Prepayments and accrued income 1,828 2,661
Other debtors 21,486 12,000
──────── ────────
434,218 50,826
════════ ════════
Creditors: amounts falling due within one year
Group 2025 2024
£ £
Trade creditors 170,663 145,046
Accruals and deferred income 49,372 54,616
Social security and other taxes 10,827 3,386
Other creditors 89,258 908
──────── ─────────
320,120 203,956
════════ ═════════
Charity 2025 2024
£ £
Trade creditors 2,767 10,388
Amounts owed to group undertakings 10,186 1,500
Accruals and deferred income 23,274 36,310
Social security and other taxes 450 668
Other creditors 168 168
──────── ─────────
36,845 49,034
════════ ═════════

22. Creditors: amounts falling due within one year

48

Nishkam Healthcare Trust

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 March 2025

23. Deferred income

Group and Charity 2025 2024
£ £
At 1 April 2024 13,026 97,186
Amount released to income (13,026) (97,186)
Amount deferred in year 15,000 13,026
──────── ────────
At 31 March 2025 15,000 13,026
════════ ════════

Deferred income relates to room hire invoiced in advance.

24. Provisions

Group Deferred tax
£
At 1 April 2024 5,365
Additions (288)
───────
At 31 March 2025 5,077
═══════

The charity has no provisions.

25. Deferred tax

Group

The deferred tax included in the statement of financial position is as follows:

The deferred tax included in the statement of financial position is as follows:
2025 2024
£ £
Included in provisions 5,077 5,365
═══════ ═══════
The deferred tax account consists of the tax effect of timing differences in respect of:
2025 2024
£ £
Accelerated capital allowances 5,077 5,365
═══════ ═══════
The charity has no deferred tax.

26. Pensions and other post retirement benefits

Defined contribution plans

The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £6,909 (2024: £5,064).

49

Nishkam Healthcare Trust

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 March 2024

27. Analysis of group charitable funds

Unrestricted funds

Unrestricted funds
At
At 1 April 2024 Income Expenditure
31 March 2025
£ £ £ £
General funds 676,540 1,951,113 (1,987,494)
640,159
═════════ ═════════ ═════════
═════════
At
At 1 April 2023 Income Expenditure 31 March 2024
£ £ £ £
General funds 833,228 1,452,455 (1,609,143)
676,540
═════════ ═════════ ═════════
═════════
Restricted funds
At
At 1 April 2024 Income Expenditure
31 March 2025
£ £ £ £
Start of Life Care – 5,226 (5,226)
–
Adult Counselling Support – 13,437 (13,437)
–
──── ──────── ────────
────
– 18,663 (18,663)
–
════ ════════ ════════
════
At
At 1 April 2023 Income Expenditure 31 March 2024
£ £ £ £
Start of Life Care – 50,000 (50,000) –
Living Well Consortium – 2,000 (2,0000 –
Patient Carers Race Equalities
Framework – 15,156 (15,156) –
──── ──── ────
────
– – – –
════ ════ ════
════

50

Nishkam Healthcare Trust

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 March 2025

28. Analysis of net assets between funds

Unrestricted Restricted Total Funds
Funds Funds 2024
£ £ £
Tangible fixed assets 89,335 – 89,335
Intangible fixed assets 350,000 – 350,000
Investments 20,538 – 20,538
Current assets 505,483 – 505,483
Creditors less than 1 year (320,120) – (320,120)
Provisions (5,077) - (5,077)
───────── ──── ─────────
Net assets 640,159 – 640,159
═════════ ════ ═════════
Unrestricted Restricted Total Funds
Funds Funds 2024
£ £ £
Tangible fixed assets 107,384 – 107,384
Investments 21,793 – 21,793
Current assets 756,684 – 756,684
Creditors less than 1 year (203,956) – (203,956)
Provisions (5,365) (5,365)
───────── ──────── ─────────
Net assets 676,540 – 676,540
═════════ ════════ ═════════

29. Analysis of changes in net debt

At
At 1 Apr 2024 Cash flows 31 Mar 2025
£ £ £
Cash at bank and in hand 569,806 (449,908)
119,898
═════════ ════════ ═════════

30. Operating lease commitments

Group and company

The total future minimum lease payments under non-cancellable operating leases are as follows:

2025 2024
£ £
Not later than 1 year 38,750 –
Later than 1 year and not later than 5 years 116,250 –
──────── ─────────
155,000 –
════════ ═════════

51

Nishkam Healthcare Trust

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 March 2025

31. Related Party Transactions

During the year, the following connected parties and transactions with the group were identified:

Guru Nanak Nishkam Sewa Jatha (Birmingham) UK

An unincorporated charity in which the trustees Mohinder Singh Ahluwalia and J P S Chandan were trustees. Nishkam Healthcare Trust operates from premises at 21 Soho Road, a freehold held by Guru Nanak Nishkam Sewak Jatha (Birmingham) UK.

Nishkam Civic Association

A charity in which the trustees Mohinder Singh Ahluwalia, PS Jhutti and JPS Chandan were trustees.

Nishkam Security Limited

A 25% owned subsidiary of Nishkam Healthcare Trust.

Nishkam School Trust

A Charity in which the trustee Mohinder Singh Ahluwalia was the patron, Upkar Singh Pardesi was a trustee and governor and Shaminder Rai was a governor.

Sangat Trust

A charitable company in which Trustee Mohinder Singh Ahluwalia has been a trustee.

52

Nishkam Healthcare Trust

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 March 2025

32. Related Party Transactions (continued)

2025 2024
£ £
During the year the group purchased the following services:
Nishkam Civic Association 1,796 32,841
Nishkam Security Limited 14,813 13,612
During the year, the group paid the following rent:
Guru Nanak Nishkam Sewa Jatha (Birmingham) UK 38,750 30,000
During the year, the group received the following donations:
Guru Nanak Nishkam Sewa Jatha (Birmingham) UK 38,750 30,000
Nishkam Security Ltd 4,500 -
During the year, the group provided the following services:
Guru Nanak Nishkam Sewa Jatha (Birmingham) UK 5,564 7,519
Nishkam School Trust 1,148 1,931
Nishkam Civic Association 5,226 2,500
At the end of the year the group owed the following:
Nishkam Security Limited - 3,450
Nishkam School Trust - 379
Nishkam Civic Association - 2,000
At the end of the year the group was owed the following:
Nishkam Civic Association 5,226 2,500

33. Controlling party

The Trustees consider that the charity is jointly controlled by the Trustees and there is no ultimate controlling party.

53