##
##
|||Page|
|---|---|---|
|Trustee's
annual
report|||
|Independent
auditor's|report to the members||
|Statement offinancial|activities||
|Statement offinancial|position||
|Statement ofcash flows||10|
|Notes to the financial|statements||
##
##
##
##
|Registered|charity|name|Guru Hargobind|Guru Hargobind|Sahib Trust|||
|---|---|---|---|---|---|---|---|
|Charity registration||number|1169568|||||
|Principal office|||Unit 4|||||
||||Swallowfield|||||
||||Hayes|||||
||||UB3 1DQ|||||
|The trustee||||||||
||||S.S.Gulati|||||
||||JSGrover|||(Resigned|19September 2023)|
|Auditor|||Malde 8 Co|||||
||||Chartered|Certified Accountants||&statutory|auditor|
||||99Kenton|Road||||
||||Kenton
Harrow|||||
||||Middlesex|||||
||||HA3 OAN|||||
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
|||||2023|2023|2022|
|---|---|---|---|---|---|---|
|||||Unrestricted|||
|||||funds|Total funds|Total funds|
||||Note|5|6|K|
|Income and endowments|||||||
|Donations
and legacies|||4|1,731,586|1,731,586|2,936|
|Other income|||5|12,000|12,000||
|Total income||||1,743,586|1,743,586|2,936|
|Expenditure|||||||
|Expenditure
on charitable|activities||6,7|109,762|109,762|2,170|
|Other expenditure|||9|42,359|42,359||
|Total expenditure||||152,121|152,121|2,170|
|Net income and net movement||in funds||1,591,465|1,591,465|766|
|Reconciliation
offunds|||||||
|Total funds brought
forward||||39,263|39,263|38,497|
|Total funds carried forward||||1,630,728|1,630,728|39,263|
##
##
##
|31Match|2023||||||
|---|---|---|---|---|---|---|
||||||2023|2022|
|||||Nate|E|8|
|Fixed assets|||||||
|Tangible fixed assets||||12|2,518,480||
|Current assets|||||||
|Debtors||||13||40,000|
|Cash al bank|and|In hand|||218,836|82,326|
||||||218,836|122,328|
|Creditors: amounts|||faglng due within one year|14|1,106,588|83,063|
|Net cunent|gablgtles||||(887,752)|39,263|
|Total assets|less|current Iiablgtles|||1,630,728|39,263|
|Net assets|||||1,630,728|39,263|
|Funds ofthe charity|||||||
|Unrestricted|funds||||1,630,728|39,263|
|Total charity|funds|||16|1,630,728|39,263|
##
##
##
||||2023
f|2022|
|---|---|---|---|---|
|Cash flows from operating|activities||||
|Net income|||1,591,465|766|
|Adjustments
for:|||||
|Interest payable
and similar|charges||2,045||
|Accrued expenses|||30,513||
|Changesin:|||||
|Trade and other debtors
Trade and other creditors|||40,000
76,406|(25,000)
(19,437)|
|Cash generated
from operations|||1,740,429|(43,671)|
|Interest paid|||(2,045)||
|Net cash from/(used
in) operating
activities|||1,738,384|(43,671)|
|Cash flows from investing|activities||||
|Purchase oftangible assets|||(2,518,480)||
|Net cash used
in investing
activities|||(2,518,480)||
|Cash flows from financing|activities||||
|Proceeds from borrowings|||916,606||
|Net cash from financing
activities|||916,606||
|Net increase/(decrease)
in
Cash and cash equivalents|cash and cash
at beginning|equivalents
ofyear|136,510
82,326|(43,671)
125,997|
|Cash and cash equivalents|at end ofyear||218,836|82,326|
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
|||||Unrestricted|Total Funds|Unrestricted|Total Funds|
|---|---|---|---|---|---|---|---|
|||||Funds|2023|Funds|2022|
|||||E|K|E|E|
||Donations|||||||
||Donations|||1,731,586|1,731,586|2,936|2,936|
|5.|Other income|||||||
|||||Unrestricted|Total Funds|Unrestricted|Total Funds|
|||||Funds
f|2023
E|Funds
E|2022
E|
||Other income|||12,000|12,000|||
|6.|Expenditure|on charitable|activities|by fund type||||
|||||Unrestricted|Total Funds|Unrestricted|Total Funds|
|||||Funds|2023|Funds|2022|
|||||6|E|||
||Support costs|||109,762|109,762|2,170|2,170|
|7.|Expenditure|on charitable|activities|by activity type||||
||||||Support|Total funds|Total fund|
||||||costs|2023
f|2022
8|
||Event expenses||||22,307|22,307||
||Governance|costs|||87,455|87,455|2,170|
||||||109,762|109,762|2,170|
|8.|Analysis ofsupport costs|||||||
|||||||Total 2023|Total 2022|
|||||||K|6|
||Premises|||||24,655||
||General office|||||21,812||
||Finance costs|||||38,944||
||Event expenses|||||22,307||
||Abortive purchase expenses|||||42,359||
|||||||150,077||
|9.|Other expenditure|||||||
|||||Unrestricted|Total Funds|Unrestricted|Total Funds|
|||||Funds|2023|Funds|2022|
||||||E|5|6|
||Abortive purchase expenses|||42,359|42,359|||
##
##
##
##
##
|Tangible|fixed assets||
|---|---|---|
|||Freehold|
|||property
f|
|Cost|||
|At 1 April|2022||
|Additions||2,518,480|
|At 31 March 2023||2,518,480|
|Depreciation|||
|At 1 April|2022 and 31 March 2023||
|Carrying|amount||
|At 31 March 2023||2,518,480|
|At 31 March 2022|||
##
|13.|Debtors||||
|---|---|---|---|---|
||||2023|2022|
||||8||
||Other debtors|||40,000|
|14.|Creditors: amounts|falling due within one year|||
||||2023|2022|
||||6|E|
||Bank loans and overdrafts||916,606||
||Trade creditors||3,322||
||Accruals snd deferred|income|30,513||
||Other creditors||156,147|83,063|
||||1,106,588|83,063|
##
##
##
##
|||||At||||At|
|---|---|---|---|---|---|---|---|---|
|||||1 April 2022|Income|Expenditure|31 March 2023||
||||||8|||6|
||General funds|||39,263|1,743,586|(152,121)||1,630,728|
|||||At||||At|
|||||1 April 2021
6|Income
8|Expenditure
f||31 March 2022
6|
||General funds|||38,497|2,936|(2,170)||39,263|
|16.|Analysis of net assets between funds||||||||
|||||||Unrestricted||Total Funds|
|||||||Funds||2023|
|||||||||6|
||Tangible fixed assets|||||2,518,480||2,518,480|
||Current assets
Creditors less than|1|year|||218,836
(1,106,588)||218,836
(1,106,588)|
||Net assets|||||1,630,728||1,630,728|
|||||||Unrestricted||Total Funds|
|||||||Funds||2022|
|||||||||6|
||Tangible fixed assets||||||||
||Current assets|||||122,326||122,326|
||Creditors less than|1|year|||(83,036)||(83,036)|
||Net assets|||||39,290||39,290|
|17.|Analysis ofchanges||in net debt||||||
##
|Analy|sis ofchan|ges
in net debt||||
|---|---|---|---|---|---|
||||||At|
||||At 1 Apr 2022|Cash flows|31 Mar 2023|
||||6||6|
|Cash|at bank and|in hand|82,326|136,510|218,836|
|Debt|due within one year|||(916,606)|(916,606)|
||||82,326|(780,096)|(697,770)|