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 2024
FOR
NAMDHARI SIKH SANGAT UK
Alchemy Financial Solutions Ltd 19 Edinburgh Drive Staines - Upon - Thames Surrey TW18 1PJ
Zoho Sign Document ID: 2B480F6D-CSMUUR5DYSMVXEZ8YGFMAPRD0IO5TIY0LUE9N7HZ7PUZoho Sign Document ID: 2B480F6D-MHTPSVSISUMC_MFNUGJO9XELRSHLL9O4H1JLK8JM2VO
NAMDHARI SIKH SANGAT UK
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2024
| 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: 2B480F6D-CSMUUR5DYSMVXEZ8YGFMAPRD0IO5TIY0LUE9N7HZ7PUZoho Sign Document ID: 2B480F6D-MHTPSVSISUMC_MFNUGJO9XELRSHLL9O4H1JLK8JM2VO
NAMDHARI SIKH SANGAT UK
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JANUARY 2024
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 2024. 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 audit financial statements for the year ended 31 January 2024, 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 forbid the consumption of alcohol, smoking, the intake of meat products, the use of drugs and other illegal substances, as well as violation of laws and engagement of immoral or harmful activities within the community. To foster a spirit of service to humanity within the community, promote workshop to God, engage in charitable activities and work towards social upliftment.
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.
Page 1
Zoho Sign Document ID: 2B480F6D-CSMUUR5DYSMVXEZ8YGFMAPRD0IO5TIY0LUE9N7HZ7PUZoho Sign Document ID: 2B480F6D-MHTPSVSISUMC_MFNUGJO9XELRSHLL9O4H1JLK8JM2VO
NAMDHARI SIKH SANGAT UK
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JANUARY 2024
ACHIEVEMENT AND PERFORMANCE
Charitable activities
Following the COVID-19 pandemic, new approaches to collaborating for the community have been adopted and put into practice. The UK national and local committees held regular virtual meetings to discuss the community's welfare and long-term impacts of the pandemic.
As per previous years, virtual groups continue to provide seminars in healthy living and mental wellbeing to the community. These are via community professionals providing these services on a voluntarily basis.
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 during the pandemic continues to prepare and serve meals to the homeless in and around London.
Specific attention is continually provided to support bereaved families during the pandemic in general family support.
The charity continues to collaborate with local management to identify areas for improvement. Local centres carry out a diverse range of activities in line with the charity's mission, and significant progress has been made as individual management teams collaborate in bringing new as well as previous held events back into the centres.
New initiatives have been introduced for all age groups, including educating children on the basic principles of Sikhism and offering guidance, support and mentoring to older children and young adults as they navigate their career paths - e.g. some young members joining the police force and are allowed to wear their dastar (turban) whilst on duty.
Additionally, professionals from the community have provided free advice and support to young families facing economic and social challenges, whilst assistance has also been extended to our older Sangat.
Page 2
Zoho Sign Document ID: 2B480F6D-CSMUUR5DYSMVXEZ8YGFMAPRD0IO5TIY0LUE9N7HZ7PUZoho Sign Document ID: 2B480F6D-MHTPSVSISUMC_MFNUGJO9XELRSHLL9O4H1JLK8JM2VO
NAMDHARI SIKH SANGAT UK
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JANUARY 2024
ACHIEVEMENT AND PERFORMANCE
Fundraising activities
Regular reviews were conducted to identify opportunities for further improving the delivery of community programmes. Each religious or social event in every region is also broadcast virtually, ensuring that community members who are unable to attend in person can still participate.
Throughout the year, we actively encouraged community participation and welcomed new suggestions. We also encouraged committees and programme organisers to embrace constructive criticism in order to improve future events.
Some of the key events during the year have included:
-
" Parkash Purab of Sikh Gurus.
-
" Marking the Sri Satguru Ram Singh Ji's Pardes Gavan.
-
" Marking the historical Maler Kotla Shaheeda event.
-
" Basant Phanchami Mela at our centres and at other Sikh Gurdwaras.
" Daily Rehraas Paath recitation via on-line with active participation of your younger members.
" Multiple workshops on understanding Gurbani with scholars from India and also encouraging your youth to share their views on Sikhism.
-
" Holla Mahalla Mela.
-
" Vaisakhi Mela.
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 the UK and Ireland. Events were held in multiple locations to gain the blessings of His Holiness.
Our tagline of "Truthful Living, Caring for All" has been prevalent during the year with continued guidance and blessings from His Holiness.
Other 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.
" Parkash (birth) celebrations of Sri Satguru Hari Singh Hi, Sri Satguru Ram Singh Ji, Sri Satguru Jagjit Singh Ji 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. Live musical concerts and workshops over a number of weeks performed by leading classical music Ustads and Hazoori Ragi from India through Jagjit Arts forum.
" 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.
- " Diwali and Bandhi Chorr Celebrations.
" Vaisakhi Mela in Trafalgar Square, London.
" Maryada Camp & Akhand Paath Recital organized by our younger community members.
" Educational and support workshops - Anti Bullying and Mental Wellbeing to help increase holistic healthier lifestyles service including physical, mental and social wellbeing. Articles written by our community members on behalf of the Vegetarian Society Magazine.
Page 3
Zoho Sign Document ID: 2B480F6D-CSMUUR5DYSMVXEZ8YGFMAPRD0IO5TIY0LUE9N7HZ7PUZoho Sign Document ID: 2B480F6D-MHTPSVSISUMC_MFNUGJO9XELRSHLL9O4H1JLK8JM2VO
NAMDHARI SIKH SANGAT UK
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 JANUARY 2024
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, bake sales and cookery class nights with funds raised for charities - e.g. Macmillan Cancer Research Charity, Khalsa Aid, 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.
Creation of a Namdhari Sikh Sangat Newsletter - Saanjh Sandesh.
Page 4
Zoho Sign Document ID: 2B480F6D-CSMUUR5DYSMVXEZ8YGFMAPRD0IO5TIY0LUE9N7HZ7PUZoho Sign Document ID: 2B480F6D-MHTPSVSISUMC_MFNUGJO9XELRSHLL9O4H1JLK8JM2VO
NAMDHARI SIKH SANGAT UK
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JANUARY 2024
ACHIEVEMENT AND PERFORMANCE
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.
Fund raising via sponsored Sky Diving and Endurance Go-Karting events.
Food4All & Khalsa Aid
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.
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.
FINANCIAL REVIEW
Reserves policy
The trustees have met with each of the community's management committees to gain an understanding of the financial management. Key areas under continuous review include ensuring that all benefits are maximized from economies of scale (e.g. buildings insurances, bank charges, utilities, etc.), as well as reviewing 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.
Page 5
Zoho Sign Document ID: 2B480F6D-CSMUUR5DYSMVXEZ8YGFMAPRD0IO5TIY0LUE9N7HZ7PUZoho Sign Document ID: 2B480F6D-MHTPSVSISUMC_MFNUGJO9XELRSHLL9O4H1JLK8JM2VO
NAMDHARI SIKH SANGAT UK
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JANUARY 2024
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
Company Secretary
Independent Examiner
Inderjot Matharu Alchemy Financial Solutions Ltd 19 Edinburgh Drive Staines - Upon - Thames Surrey TW18 1PJ
27 Nov 2024 27 Nov 2024 Approved by order of the board of trustees on ............................................. and signed on its behalf by:
Page 6
Zoho Sign Document ID: 2B480F6D-CSMUUR5DYSMVXEZ8YGFMAPRD0IO5TIY0LUE9N7HZ7PUZoho Sign Document ID: 2B480F6D-MHTPSVSISUMC_MFNUGJO9XELRSHLL9O4H1JLK8JM2VO
NAMDHARI SIKH SANGAT UK
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JANUARY 2024
........................................................................ Mr Harminder Singh Chana - Trustee
Page 7
Zoho Sign Document ID: 2B480F6D-CSMUUR5DYSMVXEZ8YGFMAPRD0IO5TIY0LUE9N7HZ7PUZoho Sign Document ID: 2B480F6D-MHTPSVSISUMC_MFNUGJO9XELRSHLL9O4H1JLK8JM2VO
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 2024.
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:
-
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
-
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
-
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.
29 Nov 2024 29 Nov 2024
Inderjot Matharu
Alchemy Financial Solutions Ltd 19 Edinburgh Drive Staines - Upon - Thames Surrey TW18 1PJ
29 Nov 2024 Date: .............................................29 Nov 2024
Page 8
Zoho Sign Document ID: 2B480F6D-CSMUUR5DYSMVXEZ8YGFMAPRD0IO5TIY0LUE9N7HZ7PUZoho Sign Document ID: 2B480F6D-MHTPSVSISUMC_MFNUGJO9XELRSHLL9O4H1JLK8JM2VO
NAMDHARI SIKH SANGAT UK
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 JANUARY 2024
| Notes INCOME AND ENDOWMENTS FROM Donations and legacies EXPENDITURE ON Charitable activities Charitable Activities NET INCOME/(EXPENDITURE) RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
2024 Unrestricted fund £ 200,490 247,033 (46,543) 1,560,007 1,513,464 |
2023 Total funds £ 246,086 |
|---|---|---|
| 167,312 | ||
| 78,774 1,481,233 |
||
| 1,560,007 |
The notes form part of these financial statements
Page 9
Zoho Sign Document ID: 2B480F6D-CSMUUR5DYSMVXEZ8YGFMAPRD0IO5TIY0LUE9N7HZ7PUZoho Sign Document ID: 2B480F6D-MHTPSVSISUMC_MFNUGJO9XELRSHLL9O4H1JLK8JM2VO
NAMDHARI SIKH SANGAT UK
BALANCE SHEET 31 JANUARY 2024
| Notes FIXED ASSETS Tangible assets 5 CURRENT ASSETS Debtors 6 Cash at bank CREDITORS Amounts falling due within one year 7 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES CREDITORS Amounts falling due after more than one year 8 NET ASSETS FUNDS 10 Unrestricted funds TOTAL FUNDS |
2024 Unrestricted fund £ 494,307 30,500 1,004,229 1,034,729 (15,572) 1,019,157 1,513,464 - 1,513,464 1,513,464 1,513,464 |
2023 Total funds £ 500,346 30,500 1,062,837 1,093,337 (14,800) 1,078,537 1,578,883 (18,876) 1,560,007 1,560,007 1,560,007 |
|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 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: 2B480F6D-CSMUUR5DYSMVXEZ8YGFMAPRD0IO5TIY0LUE9N7HZ7PUZoho Sign Document ID: 2B480F6D-MHTPSVSISUMC_MFNUGJO9XELRSHLL9O4H1JLK8JM2VO
NAMDHARI SIKH SANGAT UK
BALANCE SHEET - continued 31 JANUARY 2024
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 ............................................. and were signed on its behalf by: 27 Nov 2024 27 Nov 2024
............................................. Mr Harminder Singh Chana - Trustee
The notes form part of these financial statements
Page 11
Zoho Sign Document ID: 2B480F6D-CSMUUR5DYSMVXEZ8YGFMAPRD0IO5TIY0LUE9N7HZ7PUZoho Sign Document ID: 2B480F6D-MHTPSVSISUMC_MFNUGJO9XELRSHLL9O4H1JLK8JM2VO
NAMDHARI SIKH SANGAT UK
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2024
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.
2. NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| Depreciation - owned assets | 6,039 | 6,127 |
continued...
Page 12
Zoho Sign Document ID: 2B480F6D-CSMUUR5DYSMVXEZ8YGFMAPRD0IO5TIY0LUE9N7HZ7PUZoho Sign Document ID: 2B480F6D-MHTPSVSISUMC_MFNUGJO9XELRSHLL9O4H1JLK8JM2VO
NAMDHARI SIKH SANGAT UK
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JANUARY 2024
3. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 January 2024 nor for the year ended 31 January 2023.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 January 2024 nor for the year ended 31 January 2023.
4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted | |
|---|---|
| fund | |
| £ | |
| INCOME AND ENDOWMENTS FROM | |
| Donations and legacies | 246,086 |
| EXPENDITURE ON | |
| Charitable activities | |
| Charitable Activities | 167,312 |
| NET INCOME | 78,774 |
| RECONCILIATION OF FUNDS | |
| Total funds brought forward | 1,481,233 |
| TOTAL FUNDS CARRIED FORWARD | 1,560,007 |
5. TANGIBLE FIXED ASSETS
| COST At 1 February 2023 and 31 January 2024 DEPRECIATION At 1 February 2023 Charge for year At 31 January 2024 NET BOOK VALUE At 31 January 2024 At 31 January 2023 |
Freehold property £ 523,758 31,425 5,238 36,663 487,095 492,333 |
Fixtures and Computer fittings equipment £ £ 11,299 2,005 4,658 633 664 137 5,322 770 5,977 1,235 6,641 1,372 |
Totals £ 537,062 |
|---|---|---|---|
| 36,716 6,039 |
|||
| 42,755 | |||
| 494,307 | |||
| 500,346 |
continued...
Page 13
Zoho Sign Document ID: 2B480F6D-CSMUUR5DYSMVXEZ8YGFMAPRD0IO5TIY0LUE9N7HZ7PUZoho Sign Document ID: 2B480F6D-MHTPSVSISUMC_MFNUGJO9XELRSHLL9O4H1JLK8JM2VO
NAMDHARI SIKH SANGAT UK
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JANUARY 2024
| 6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 £ Other debtors 30,500 7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 £ Bank loans and overdrafts (see note 9) - Accrued expenses 15,572 15,572 8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR 2024 £ Bank loans (see note 9) - 9. LOANS An analysis of the maturity of loans is given below: 2024 £ Amounts falling due within one year on demand: Bank overdrafts - Amounts falling due between two and five years: Bank loans - 2-5 years - 10. MOVEMENT IN FUNDS Net movement At 1.2.23 in funds £ £ Unrestricted funds General fund 1,560,007 (46,543) TOTAL FUNDS 1,560,007 (46,543) Net movement in funds, included in the above are as follows: Incoming Resources resources expended £ £ Unrestricted funds General fund 200,490 (247,033) TOTAL FUNDS 200,490 (247,033) |
2023 £ 30,500 2023 £ 1 14,799 14,800 2023 £ 18,876 2023 £ 1 18,876 At 31.1.24 £ 1,513,464 1,513,464 Movement in funds £ (46,543) (46,543) |
|---|---|
continued...
Page 14
Zoho Sign Document ID: 2B480F6D-CSMUUR5DYSMVXEZ8YGFMAPRD0IO5TIY0LUE9N7HZ7PUZoho Sign Document ID: 2B480F6D-MHTPSVSISUMC_MFNUGJO9XELRSHLL9O4H1JLK8JM2VO
NAMDHARI SIKH SANGAT UK
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JANUARY 2024
10. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| At 1.2.22 £ Unrestricted funds General fund 1,481,233 TOTAL FUNDS 1,481,233 Comparative net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 246,086 TOTAL FUNDS 246,086 |
Net movement in funds £ 78,774 78,774 Resources expended £ (167,312) (167,312) |
At 31.1.23 £ 1,560,007 1,560,007 Movement in funds £ 78,774 78,774 |
|---|---|---|
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund TOTAL FUNDS |
At 1.2.22 £ 1,481,233 1,481,233 |
Net movement in funds £ 32,231 32,231 |
At 31.1.24 £ 1,513,464 |
|---|---|---|---|
| 1,513,464 |
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 £ £ £ 446,576 (414,345) 32,231 446,576 (414,345) 32,231 |
|---|---|
continued...
Page 15
Zoho Sign Document ID: 2B480F6D-CSMUUR5DYSMVXEZ8YGFMAPRD0IO5TIY0LUE9N7HZ7PUZoho Sign Document ID: 2B480F6D-MHTPSVSISUMC_MFNUGJO9XELRSHLL9O4H1JLK8JM2VO
NAMDHARI SIKH SANGAT UK
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JANUARY 2024
11. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 January 2024.
Page 16
Zoho Sign Document ID: 2B480F6D-CSMUUR5DYSMVXEZ8YGFMAPRD0IO5TIY0LUE9N7HZ7PUZoho Sign Document ID: 2B480F6D-MHTPSVSISUMC_MFNUGJO9XELRSHLL9O4H1JLK8JM2VO