**REGISTERED COMPANY NUMBER: 09948953 (England and Wales) REGISTERED CHARITY NUMBER: 1168884** ## **REPORT OF THE TRUSTEES AND** ## **UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2021** ## **FOR** ## **NAMDHARI SIKH SANGAT UK** Alchemy Financial Solutions Ltd 19 Edinburgh Drive Staines - Upon - Thames Surrey TW18 1PJ **Zoho Sign Document ID:** FS **K** A2DYAKHNC6MMO99G2L2YUR-F_JF-ZQI-TDFEC7DMW94D2UFUJL62X3NWZNOZ_VDZF-JG8QUZM4 **U** WWG0PS **NAMDHARI SIKH SANGAT UK** ## **CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2021** |||**Page**|| |---|---|---|---| |**Report of the Trustees**|1|to|7| |**Independent Examiner's Report**||8|| |**Statement of Financial Activities**||9|| |**Balance Sheet**|10|to|11| |**Notes to the Financial Statements**|12|to|16| **Zoho Sign Document ID:** FS **K** A2DYAKHNC6MMO99G2L2YUR-F_JF-ZQI-TDFEC7DMW94D2UFUJL62X3NWZNOZ_VDZF-JG8QUZM4 **U** WWG0PS **NAMDHARI SIKH SANGAT UK** ## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JANUARY 2021** The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 January 2021. 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 2019). The trustees present their annual report and audited financial statements for the year ended 31 January 2021, and confirm the comply with the Charities Act 1993, as amended by the Charities Act 2006, and the Charities SORP 2005. ## **OBJECTIVES AND ACTIVITIES** ## **Objectives and aims** The objectives of the charity include the continued process and policy integration to operate as a single charity having incorporated the individual Namdhari Community charities in 2016. Key objectives include: - - To advance the Sikh religion for the benefit of the local community members through the facilitation of prayer gatherings, public celebration of religious festivals, lectures and the distribution of literature and other media on the Sikh faith to enlighten others; - To encourage the factual research of Sikh history; - To administer "Amrit" (baptism nectar for the Sikhs) as championed and brought by Sri Satguru Gobind Singh Ji and revived by Sri Satguru Ram Singh Ji; - To nurture and promote our classical music heritage through the facilitation of the appropriate tutelage from renowned musicians in the locality, nationally and from abroad; - To prohibit drinking of alcohol, smoking, consumption of meat products, violation of life and other evils amongst the community and to cultivate in them a spirit of service to mankind, worshipping God, charity work and social uplift. The objectives are set to reflect and preserve our faith and to actively promote our faith within the community. The trustees and local management teams meet regularly to ensure the objectives and activities are performed in a consistent manner and also to bring together local communities as well as ensuring the trustees have considered the Charity Commission's general guidance on public benefit and in particular its guidance on the advancement of religion for the public benefit. ## **Public benefit** The Trustees are aware of the Charity Commission's guidance on public benefit reporting as set out in the Charities Act 2011. The Trustees believe that its objectives and activities of promoting the spiritual and moral advancement of humanity are for the general benefit of the public. Due to the impact of COVID-19 pandemic, the local management teams have had to adapt their services to the community to ensure the safety of our members and volunteers whilst supporting the local needs. Page 1 **Zoho Sign Document ID:** FS **K** A2DYAKHNC6MMO99G2L2YUR-F_JF-ZQI-TDFEC7DMW94D2UFUJL62X3NWZNOZ_VDZF-JG8QUZM4 **U** WWG0PS **NAMDHARI SIKH SANGAT UK** ## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JANUARY 2021** ## **ACHIEVEMENT AND PERFORMANCE** ## **Charitable activities** Through the majority of this reporting year, our services were disrupted by the impact of COVID-19 as we, as with all organisations, had to close the centres at the height of the pandemic. However, the UK and local committees met regularly (virtually) to discuss the effects of the pandemic and how the community needs can be met. These actions were acted upon and amended as demands and concerns changed - community members were personally called to enquire about their wellbeing and any specific needs. Virtual groups were set up to ensure the community were aware of effects of the pandemic and the requirements as laid out by the government via a special team of health care professionals from the community. These volunteers provided regular (weekly) updates, which were shared with the community by virtual means. All services aligned to focus on delivery of essential services and support to all across the community to prepare and supply food and essential items for people who were self-isolating or shielding. Our East London centre, which is used by our Food4All division, become a larger hub of food preparation and delivery across London and the South East to the wider communities and was also used in providing meals to the newly formed Nightingale Hospital in ExCeL, London as well as to the emergency services. Specific attention was given to support bereaved families during the pandemic in arranging funerals, prayer arrangements and general family support. The charity continues to work with local management and seek areas where improvements from lessons learnt, can be incorporated. Local centres carry out a wide range of activities in pursuance of its charitable aims and excellent work has been undertaken where individual management teams have worked together and have brought the same events - in virtual format - in a consistent manner. The trustees believe that these provide benefit to those who join us in prayer and worship, as well as to the wider communities. Page 2 **Zoho Sign Document ID:** FS **K** A2DYAKHNC6MMO99G2L2YUR-F_JF-ZQI-TDFEC7DMW94D2UFUJL62X3NWZNOZ_VDZF-JG8QUZM4 **U** WWG0PS **NAMDHARI SIKH SANGAT UK** ## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JANUARY 2021** ## **ACHIEVEMENT AND PERFORMANCE** ## **Fundraising activities** Regular reviews take place to seek further improvements in deliverability of programmes the community were used to. Whilst, the congregations could not physically attend each religious or social event in each region, these were prepared and presented virtually each weekend. There was a significant increase in the numbers joining virtually (from UK and Ireland but also from other countries) as well as volunteers supporting the management teams. Virtual functions were succinct, informative and entertaining for the community and to cater for the needs of the entire community equally - young and old alike. There was an increase participation by the community members. Throughout the year, we actively encouraged community participation and were open to suggestions for improvement, and endeavored to ensure that the committees and programme organisers took constructive criticism on board for future events. Our continual aim is to "take stock" from these unprecedented times by assessing and re-assessing the organisation of virtual events, in order to ensure that future events are appropriately managed and are successful. Having a single communication platform (monthly conference calls, single communication groups) has seen consistent information sharing and has enabled the communities to share ideas and operate as one nationwide community and similar platforms have been adopted by the Namdhari communities in other parts of the world. During the year, we have welcomed His Holiness Sri Satguru Uday Singh Ji, the Spiritual Head of the Namdhari Sikhs, to specifically address and give guidance to the UK congregation via a video link. A number of international virtual programmes were arranged in the presence of His Holiness and the UK community was active participants.. Our tagline of "Truthful Living, Caring for All" has been prevalent during the year and guidance was sought from His Holiness to fulfill it. ## Other religious festivals included: - Daily streaming of links to the Asa Di Var (morning prayers) from Sri Bhiani Sahib (the HQ of the Namdhari Community worldwide). - Various Parkash (birth) celebrations of the Sikh Gurus, with special programmes on Sri Guru Teg Bahadur Ji's 400th birth anniversary. - Parkash (birth) celebrations of Sri Satguru Hari Singh Hi, Sri Satguru Ram Singh Ji, Sri Satguru Jagjit Singh Ji (100th year) and Sri Satguru Uday Singh Ji. - The celebrations began with morning worship, with the main programme during the course of the day till mid afternoon - via video presentations or live links.Virual musical concerts over a number of weeks performed by leading classical music Ustads in celebration of the 100th birth anniversary of Sri Satguru Jagjit Singh Ji. - Programme of performances included lectures, shabads (singing of religious hymns and scriptures), instrumental recitals of raags (classical Indian music) presented by members of the community. - Basant Panchmi - Birth celebration of Sri Satguru Ram Singh Ji. - Holla Mohalla - Triple festival celebration of holla, birth of Sri Satguru Balak Singh Ji and Sri Satguru Partap Singh Ji. - Vidhyak Samelan (Youth gathering) - a daylong event providing the younger community members with a platform to present their skills in Gurbani, Arts and Music. Events covered include Naam simran (Meditation), Dastar tying, public speaking, gurbani recitation, music and a knowledge based quiz programme. - Jap Prayog - annual 30-day meditation with focus of spirituality, in memory of Sri Satguru Ram Singh Ji. Daily meditation gatherings before sunrise to cleanse the mind, body and soul and preaching the core values of Sikhism. - National Mela in the loving memory of Sri Mata Chand Kaur Ji incorporating the International Women's Day - Shaheedi Remembrance Mela. - Educational and support workshops - Anti Bullying and Mental Wellbeing to help increase holistic healthier lifestyles service including physical, mental and social wellbeing. - International photographic slide presentation of Sri Satguru Partap Singh Ji's and Sri Satguru Jagjit Singh Ji's East Africa and Asia dauras.Virtual participation in Veg N Conference - first vegan collaboration with the International Vegetarian Union. Page 3 **Zoho Sign Document ID:** FS **K** A2DYAKHNC6MMO99G2L2YUR-F_JF-ZQI-TDFEC7DMW94D2UFUJL62X3NWZNOZ_VDZF-JG8QUZM4 **U** WWG0PS **NAMDHARI SIKH SANGAT UK** ## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JANUARY 2021** ## **ACHIEVEMENT AND PERFORMANCE** The community centres provide a valuable educational and recreational resource to all in the local community leading to research on timelines and historical facts on the Sikh Gurus. Virtual classes in Punjabi, classical music and the recital of the Sri Guru Granth Sahib and the Dasam Granth Sahib are held on a regular basis, and are open for all the community. Various virtual "family funday" gatherings are hosted for quiz, movie and cookery class nights with funds raised t for charities - e.g. Macmillan Cancer Research Charity, Food4All community kitchen and mental health wellbeing. ## **Community activities** ## **ACHIEVEMENT AND PERFORMANCE** The trust board and, especially the Management Committees have worked as a collective team and have attended various virtual interfaith and wider community events throughout the year to promote, maintain and respect external relations as well as giving support during the pandemic. Whilst our 5 centres remained closed for most of the year, to provide a valuable educational and recreational resource to all in the local community was done virtually. Some of our , kitchens were used to making and delivering meals to the wider local community. Virtual classes in Punjabi, classical music and the recital of the Sri Guru Granth Sahib are held at our centres on a regular basis, and are open to all in the local community. Page 4 **Zoho Sign Document ID:** FS **K** A2DYAKHNC6MMO99G2L2YUR-F_JF-ZQI-TDFEC7DMW94D2UFUJL62X3NWZNOZ_VDZF-JG8QUZM4 **U** WWG0PS **NAMDHARI SIKH SANGAT UK** ## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JANUARY 2021** ## **ACHIEVEMENT AND PERFORMANCE Other activities during the year** ## Macmillan Cancer Research charity events. A project was undertaken to help this national organisation, which has helped many of our Sangat members in the UK. The Sangat from all 6 regions (including Ireland) participated in the event with great enthusiasm, with local events to raise funds. Leaflets in English and Punjabi have been distributed to the Sangat to help them understand this illness in terms of its signs and symptoms and also in what help is available. ## Sri Satguru Uday Singh Ji's Visit to the UK A youth led project to learn and share this history of Sri Satguru Gobind Singh Ji and Sri Guru Hari Singh Ji through presentations, research, and information videos made marking key historical facts, timelines created and displayed in all centres. ## East Africa Famine Appeal With Sri Satguru Ji's blessings an appeal was put forward to the Sangat and a strategy developed to collect funds to help those affecting by this severe drought. Working in conjunction with the Namdhari Sangat in Kenya, the strategy Other activities during the year ## Macmillan Cancer Research charity events. A virtual project was undertaken to help this national organisation, which has helped many of our Sangat members in the UK. The Sangat from all 6 regions (including Ireland) participated in the event with great enthusiasm, with local events to raise funds. Leaflets in English and Punjabi have been distributed to the Sangat to help them understand this illness in terms of its signs and symptoms and also in what help is available. ## East Africa Famine Appeal With Sri Satguru Ji's blessings an appeal was put forward to the Sangat and a strategy developed to collect funds to help those affecting by this severe drought. Working in conjunction with the Namdhari Sangat in Kenya, the strategy was to centrally collect donations via Virgin Money donations page with a short video highlighting the issues and to raise awareness. Following on from food and water distribution, work has continued in looking at a sustainable project to provide water - e.g. water bore holes. Shoebox Appeal - an initiative by young children to donate an item (e.g. a toy) to the children in the villages in the affected areas. This was shared with our community worldwide and the Sangat encouraged to donate towards the cause. ## Food4All A fantastic initiative to prepare and distribute free vegetarian food to about 400 plus homeless people on a weekly basis in London. This initiative is being widened to our regional centres. The food preparation was prepared in the Gurdwara kitchens under strict COVID-19 regulations. Other events include. The preparation and distribution of Christmas Baskets for families in need and supported by SureStart, FoodCycle & Foodbanks. ## Jagjit Arts A revamped organisation inspired by Sri Satguru Jagjit Singh Ji in presenting music and arts concerts and events for all encompassing the rich musical heritage and providing a platform for up and coming artists. A series of virtual successful musical Bethaks, concerts, workshops and classes have taken place. Page 5 **Zoho Sign Document ID:** FS **K** A2DYAKHNC6MMO99G2L2YUR-F_JF-ZQI-TDFEC7DMW94D2UFUJL62X3NWZNOZ_VDZF-JG8QUZM4 **U** WWG0PS **NAMDHARI SIKH SANGAT UK** ## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JANUARY 2021** ## **FINANCIAL REVIEW** ## **Reserves policy** The trustees have met with each of the community's management committees to understand the financial management. Key areas under continuous review are to ensure that going forward we benefit from economies of scale (e.g. buildings insurances, bank charges, utilities, etc.) and also start budgetary planning over short term (e.g. maintenance) and longer term (property development, charity events, the long term effects of COVID-19, etc.). ## **STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document** The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006. The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006. The Namdhari Sikh Sangat UK is a charitable company and was incorporated at Companies House on 13th January 2016. The company's registration number is 9948953 and is governed by Articles of Association, which are part of the registration of the charitable company at Companies House. Furthermore, Namdhari Sikh Sangat was recognised as a charity and entered onto the Register of Charities with the Registration Charity Number 1168884 on 23rd August 2016. By way of background, the new charitable company in the process of amalgamating the individual charities within the Namdhari Community of UK in order to bring operational efficiencies and economies of scale. To bring greater scope to provide support and development, get greater flexibility and greater financial leverage and to make it easier to manage. The charities in the process of amalgamating into the Namdhari Sikh Sangat UK (Reg. No. 1168884), include: Namdhari Sangat UK (Reg. No. 268305) Namdhari Sikh Sangat Southall (Reg. No. 1092824) Namdhari Sangat (Reg. No. 516560) - Birmingham Namdhari Sikh Community Leicester (Reg. No. 1117808) Excellent management teamwork has been demonstrated to improve on all aspects of policies and procedures and also to enhance operational policies and bring in improvements for the future. ## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number** 09948953 (England and Wales) ## **Registered Charity number** 1168884 ## **Registered office** Unit 6 Balfour Business Centre Balfour Road Southall Middlesex London UB2 5BD ## **Trustees** Mr Harminder Singh Chana Mr Rashpal Singh Bhatti Mr Gurmukh Singh Roopra Page 6 **Zoho Sign Document ID:** FS **K** A2DYAKHNC6MMO99G2L2YUR-F_JF-ZQI-TDFEC7DMW94D2UFUJL62X3NWZNOZ_VDZF-JG8QUZM4 **U** WWG0PS **NAMDHARI SIKH SANGAT UK** ## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JANUARY 2021** ## **REFERENCE AND ADMINISTRATIVE DETAILS Company Secretary** ## **Independent Examiner** Inderjot Matharu FCCA Alchemy Financial Solutions Ltd 19 Edinburgh Drive Staines - Upon - Thames Surrey TW18 1PJ Approved by order of the board of trustees on 29 October 2021 and signed on its behalf by: Mr Harminder Singh Chana - Trustee Page 7 **Zoho Sign Document ID:** FS **K** A2DYAKHNC6MMO99G2L2YUR-F_JF-ZQI-TDFEC7DMW94D2UFUJL62X3NWZNOZ_VDZF-JG8QUZM4 **U** WWG0PS ## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF NAMDHARI SIKH SANGAT UK** ## **Independent examiner's report to the trustees of Namdhari Sikh Sangat UK ('the Company')** I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 January 2021. ## **Responsibilities and basis of report** As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act'). Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act. ## **Independent examiner's statement** I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe: 1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or 4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)). I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Inderjot Matharu FCCA Alchemy Financial Solutions Ltd 19 Edinburgh Drive Staines - Upon - Thames Surrey TW18 1PJ 29 October 2021 Page 8 **Zoho Sign Document ID:** FS **K** A2DYAKHNC6MMO99G2L2YUR-F_JF-ZQI-TDFEC7DMW94D2UFUJL62X3NWZNOZ_VDZF-JG8QUZM4 **U** WWG0PS **NAMDHARI SIKH SANGAT UK** ## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 JANUARY 2021** |Notes
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
**EXPENDITURE ON**
Raising funds
2
**NET INCOME**
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
**TOTAL FUNDS CARRIED FORWARD**|2021
Unrestricted
fund
£
198,287
100,733
97,554
1,325,807
1,423,361|2020
Total
funds
£
249,763
138,307| |---|---|---| |||111,456
1,214,351| |||1,325,807| The notes form part of these financial statements Page 9 **Zoho Sign Document ID:** FS **K** A2DYAKHNC6MMO99G2L2YUR-F_JF-ZQI-TDFEC7DMW94D2UFUJL62X3NWZNOZ_VDZF-JG8QUZM4 **U** WWG0PS **NAMDHARI SIKH SANGAT UK** ## **BALANCE SHEET 31 JANUARY 2021** |Notes
**FIXED ASSETS**
Tangible assets
6
**CURRENT ASSETS**
Debtors
7
Cash at bank
**CREDITORS**
Amounts falling due within one year
8
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
**CREDITORS**
Amounts falling due after more than one year
9
**NET ASSETS**
**FUNDS**
11
Unrestricted funds
**TOTAL FUNDS**|2021
Unrestricted
fund
£
511,600
22,500
952,391
974,891
(16,050)
958,841
1,470,441
(47,080)
1,423,361
1,423,361
1,423,361|2020
Total
funds
£
517,814
-
879,145
879,145
(12,050)
867,095
1,384,909
(59,102)
1,325,807
1,325,807
1,325,807| |---|---|---| The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2021. The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2021 in accordance with Section 476 of the Companies Act 2006. The trustees acknowledge their responsibilities for - (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and - (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. The notes form part of these financial statements continued... Page 10 **Zoho Sign Document ID:** FS **K** A2DYAKHNC6MMO99G2L2YUR-F_JF-ZQI-TDFEC7DMW94D2UFUJL62X3NWZNOZ_VDZF-JG8QUZM4 **U** WWG0PS **NAMDHARI SIKH SANGAT UK** ## **BALANCE SHEET - continued 31 JANUARY 2021** These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime. The financial statements were approved by the Board of Trustees and authorised for issue on 29 October 2021 and were signed on its behalf by: Mr Harminder Singh Chana - Trustee The notes form part of these financial statements Page 11 **Zoho Sign Document ID:** FS **K** A2DYAKHNC6MMO99G2L2YUR-F_JF-ZQI-TDFEC7DMW94D2UFUJL62X3NWZNOZ_VDZF-JG8QUZM4 **U** WWG0PS **NAMDHARI SIKH SANGAT UK** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2021** ## **1. ACCOUNTING POLICIES** ## **Basis of preparing the financial statements** The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. ## **Income** All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. ## **Expenditure** Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. ## **Tangible fixed assets** Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. ## **Taxation** The charity is exempt from corporation tax on its charitable activities. ## **Fund accounting** Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. continued... Page 12 **Zoho Sign Document ID:** FS **K** A2DYAKHNC6MMO99G2L2YUR-F_JF-ZQI-TDFEC7DMW94D2UFUJL62X3NWZNOZ_VDZF-JG8QUZM4 **U** WWG0PS **NAMDHARI SIKH SANGAT UK** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JANUARY 2021** ## **2. RAISING FUNDS** ## **Raising donations and legacies** ## **3.** |Prayer Service
Music classes
Event cost
Support costs
**NET INCOME/(EXPENDITURE)**
Net income/(expenditure) is stated after charging/(crediting):
Depreciation - owned assets|2021
£
-
3,266
-
97,467
100,733
2021
£
6,214|2020
£
5,100
8,576
14,101
110,530| |---|---|---| |||138,307| |||2020
£
6,323| ## **4. TRUSTEES' REMUNERATION AND BENEFITS** There were no trustees' remuneration or other benefits for the year ended 31 January 2021 nor for the year ended 31 January 2020. ## **Trustees' expenses** There were no trustees' expenses paid for the year ended 31 January 2021 nor for the year ended 31 January 2020. ## **5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES** ||Unrestricted| |---|---| ||fund| ||£| |**INCOME AND ENDOWMENTS FROM**|| |Donations and legacies|249,763| |**EXPENDITURE ON**|| |Raising funds|138,307| |**NET INCOME**|111,456| |**RECONCILIATION OF FUNDS**|| |**Total funds brought forward**|1,214,351| |**TOTAL FUNDS CARRIED FORWARD**|1,325,807| continued... Page 13 **Zoho Sign Document ID:** FS **K** A2DYAKHNC6MMO99G2L2YUR-F_JF-ZQI-TDFEC7DMW94D2UFUJL62X3NWZNOZ_VDZF-JG8QUZM4 **U** WWG0PS **NAMDHARI SIKH SANGAT UK** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JANUARY 2021** ## **6. TANGIBLE FIXED ASSETS** |Fixtures
Freehold
and
Computer
property
fittings
equipment
£
£
£
**COST**
At 1 February 2020 and 31 January 2021
523,758
11,299
905
**DEPRECIATION**
At 1 February 2020
15,713
2,190
245
Charge for year
5,237
911
66
At 31 January 2021
20,950
3,101
311
**NET BOOK VALUE**
At 31 January 2021
502,808
8,198
594
At 31 January 2020
508,045
9,109
660
**7.**
**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
2021
£
Other debtors
22,500
**8.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
2021
£
Amounts owed to group undertakings
5,650
Accrued expenses
10,400
16,050
**9.**
**CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR**
2021
£
Bank loans (see note 10)
47,080
**10.**
**LOANS**
An analysis of the maturity of loans is given below:
2021
£
Amounts falling due between two and five years:
Bank loans - 2-5 years
47,080|Totals
£
535,962|Totals
£
535,962| |---|---|---| ||18,148
6,214|| ||24,362|| ||511,600|| ||517,814|| |||2020
£
-| |||2020
£
5,650
6,400| |||12,050| |||2020
£
59,102| |||2020
£
59,102| continued... Page 14 **Zoho Sign Document ID:** FS **K** A2DYAKHNC6MMO99G2L2YUR-F_JF-ZQI-TDFEC7DMW94D2UFUJL62X3NWZNOZ_VDZF-JG8QUZM4 **U** WWG0PS **NAMDHARI SIKH SANGAT UK** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JANUARY 2021** ## **11. MOVEMENT IN FUNDS** |At 1.2.20
£
**Unrestricted funds**
General fund
1,325,807
**TOTAL FUNDS**
1,325,807
Net movement in funds, included in the above are as follows:
Incoming
resources
£
**Unrestricted funds**
General fund
198,287
**TOTAL FUNDS**
198,287
**Comparatives for movement in funds**
At 1.2.19
£
**Unrestricted funds**
General fund
1,214,351
**TOTAL FUNDS**
1,214,351
Comparative net movement in funds, included in the above are as follows:
Incoming
resources
£
**Unrestricted funds**
General fund
249,763
**TOTAL FUNDS**
249,763|Net
movement
in funds
£
97,554
97,554
Resources
expended
£
(100,733)
(100,733)
Net
movement
in funds
£
111,456
111,456
Resources
expended
£
(138,307)
(138,307)|At
31.1.21
£
1,423,361
1,423,361
Movement
in funds
£
97,554
97,554
At
31.1.20
£
1,325,807
1,325,807
Movement
in funds
£
111,456
111,456| |---|---|---| Page 15 continued... **Zoho Sign Document ID:** FS **K** A2DYAKHNC6MMO99G2L2YUR-F_JF-ZQI-TDFEC7DMW94D2UFUJL62X3NWZNOZ_VDZF-JG8QUZM4 **U** WWG0PS **NAMDHARI SIKH SANGAT UK** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JANUARY 2021** ## **11. MOVEMENT IN FUNDS - continued** A current year 12 months and prior year 12 months combined position is as follows: |**Unrestricted funds**
General fund
**TOTAL FUNDS**|At 1.2.19
£
1,214,351
1,214,351|Net
movement
in funds
£
209,010
209,010|At
31.1.21
£
1,423,361| |---|---|---|---| ||||1,423,361| A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: |**Unrestricted funds**
General fund
**TOTAL FUNDS**|Incoming
Resources
Movement
resources
expended
in funds
£
£
£
448,050
(239,040)
209,010
448,050
(239,040)
209,010| |---|---| ## **12. RELATED PARTY DISCLOSURES** There were no related party transactions for the year ended 31 January 2021. Page 16 **Zoho Sign Document ID:** FS **K** A2DYAKHNC6MMO99G2L2YUR-F_JF-ZQI-TDFEC7DMW94D2UFUJL62X3NWZNOZ_VDZF-JG8QUZM4 **U** WWG0PS