Company Registralion Number: CE012764 CTr1ty Registration Number: 1176415 THE NATtONAL SIKH WAR MEMORIAL TRUST CHARITABLE INCORPORATED ORGANISATION UNAUDITED FINANCIAL STATEMENTS 31 DECEMBER 2020
THE NATIONAL SIKH WAR MEMOIUAL TRUST CHARITABLE INCORPORATED ORCANtSATJON Financial Statements Year ended 31 December 2020 Page Trustees, Annual Rep)rt (In¢oorating the Director's Rep)rt} Ststement of Financial Activities (including Income and Expenditure Account) Balance Sheet Notes to the Financial Statements
THE NATIONAL SIKH WAR MEMORIAL TRUST CHARITABLE INCORPOIL4TED ORGANISATION Trustees, Annual Report (incorporating the Director's Report) Year ended 31 December 2020 Thc trustees, who are also the direclors for the punxy5cs of company law, present their fjrst report and the audited Financial %tatements of the charity for the year ended 31 December 2020. The Financial Statements have been prepared in accordance with the accounting policies set out in notes to ihe accounts and comply with the charity's governing documenL the Charities Act 2011 and Companies Act 2006 and Accounting and Rewrting by CharTties: Statemenl of Recommended Practice applicable to charities preparing their accounts in accordance the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effeclive l January 2015) (as amended by Update Fjullctin I published on 2 February 2016). Reference and Administrative details: Registered Charity Name: The National Sikh War Memorial Trusl Charity R¢%istratSon Number: 1176415 Company Registration Number. CE012764 Prineipal Office and R¢gistered Offi¢¢ . 64 Ladbroke Road London. Wl13NR Offieial Abbreviated Name: TNSWMT The Trustees The trustees who serv¢d during the year and at the date of approval were follows.. Andrew William Mildmay Fane OBE MA FCA Ian James Henderson CBF. BSC FRICS Mankamal Singh Palray Clare Gorst Kultar Singh Khangurd Major General Peter Ronald Davies CE Satinder Pal Singh Chadha Joga Singh Jaspal s Bhambra Page l of7
THF. NATIONAL SIKH WAR MEMORIAL TRUST CHARITABLE INCORPORATED ORGANISATION Trnstees. Annual Report (in¢orpor4ting the Director's Report) (conlinued) Year ended 31 December 2020 The N8WMT IS actively preparing detailed applications for early submission to erect 41 Statue in central l.ondon to commemoratc the oUtsding bravcry and loyalty of Sikh soldiers in bDth World Wars. Negotiaiion$ to date have engaged with a wide range of senioT politicians who have declared themselves as very supportive of this exemplary proposal. Deiailed negotiations have taken place io secure the preferred location in a prominent and most suildble site on the great ceremonial roule. where indeed Sikhs marched in 1919 to play their part in celebrating the end of hostilities. A v¢ry beautiful elchingi of the monument in its proposed setting has been prepared and is being considered by planners and will then go forw'ard to con]mitlcd supporters. The charity and its truslees are confident of further material progress during 2021. The trustees. Annual Report was approved on ........................... and signed on behalf of the Board of Trustees by: Chair Trustee Page 2 of 7
THE NATIONAL SIKH WAR MEMOIUAL TRUST CHARITABLE INCORPORATED ORGANISATION Statement of Finaneial Activities (including Income and Expenditure Account) Year Ended 31 December 2020 2020 2019 Total Funds Note Income and Endowments Expenditure Charilable activities 7,229 Total Expendlture 3.000 7,229 Net {expenditure)/income before transfer of funds <3,(X)O> <7.229> Net MovemeDI in Funds <3.(X)O> <7,229> Recon¢ilialion of Funds TotaI Funds brought fonvard <7,229> Total Funds e*rried forward <10,229> <7.229> 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 5 to 7 fom part of the FinaDcial Statements Page 3 of 7
THE NATIONAL SIKH WAR MEMORIAL TRUST CHARITABLE INCORFOIL4TED ORGANISATJON Balanee Sheet Ye8r ended 31 December 2020 2020 2019 Nole Fixed Assets Tangible Fixed Assets Current A&qets Debtors Cash at Bank and in Hand 1,000 1.000 1.000 Credltors: Amounts fallin8 due wiihin one year 8,229 Y4et Current Assets (Liabllltles) 1.000 <7,229> Total knets lesj Currnnt Ll*bllltle8 1.000 <7,229> Nel As#¢t(LiabiIIttes) <7,229> Represented by Long Term 11,229 Funds ofthe eharity Restricted Funds Unrestricted Funds <10.229> <7,229 Totsl Charity Fullds 1,000 <7,229> For the year ending 31 December 2020 the charity w45 entitled to exemptiort from audit under Se¢tion 477 of the COmnieS Art 2006 relatin8 to small companies. Directors responsibililics.. the members have not required the company to obtain an audit of Its Financlal Statements for the year Sn question in accordance with Section 476,. the direttors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of Financlal Statements. These Flnancial Statements have been prepared in accordance with the provlsions applicable to companles subjert to the small companies, reglme. Th¢s¢ Financial Statemenls were approved by the Board of TTUStees and authorised for issue on . and are Sign on behalf of the Board by: Chair Trustee Company Rcgistration Number: CE012764 Page 4of 7
THF. NATIOLNAL SIKH WAR MEMORtAL TRUST CHARITABLE INCORPORATED ORGANISATION Notes to the Financial Statements Year ended 31 December 2020 l. General Information The charity is a public benefit entity and registered in England and Wales and a registered charity in England and Wales. The addr8 of the registeted office 64 Ladbroke Road, London Wl 13NR 2. Ststement of Compllance These financial statemcnts have been prepared in compliance with FRS 102. the Financial Reporting Standard applicable in the UK and the Republic of Ireland. the ststement of Recommended Practice applicable to charities pparIng their accounts in accordance with the Financial Rcporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charitics SOtiP (FRS 102 are) and the Companies Act 2006. The charity conslitutes a public benefit entity as defined by FRS 102. 3, Accountln8 Pollaes B¥d8iS of Preparation The Financial statements hav¢ been prepared on the historical cost basis. The Financial Statements are prepared in slerlin8, which is the functional currency of the entity. Going Concern The accounts have be¢n prepared on a going concern b&8is the trustees believe that no material uncertainties exist. The trusleas have considered thc level of funds held and ihe cxpected level of income and expenditure for 12 months from authorising these Financial Statements. The budget¢d income and expenditure is sufficient for the charity to b¢ able to continue as a going conce Fund Aeeounting Unrestricted funds are available for use at the discretion of the trustees to further any of the charity"S PUTPOS¢S. Designated funds are unrestricted funds earn]arked by the triS for particular future woject or commitment. Reslricted funds are subjccted to reslrictioLs on their expenditure declared by the donor or through the ternis of an appeal. Page 5 of 7
THF NATIONAL SIKH WAR MEMORIAL TRUST CHARITABLE INCORPORATED ORC.ANISATION Notes lo the Financial Statements I continued Year ended 31 December 2020 3. A¢countin8 Policles {contlnued) Income All income is included in the slatement of Financial Activities when entitlement has passed to the charity, it is probable that the economic benefits &ssociated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies arc applied to particular categories of income: Income from donations or grants is recogni5ed when there is evidence of entitlement to the gift. receipt is probable and its amount can be measured reliably. income from grants and contracts for the supply of services is fecognised with the delivery of the contracted Service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and return if unspent, in which case it may be regarded as restricted. Expenditure Expenditure is rccognised on an accruals basis as a liability is incurred. Expenditure includes any V AT which cannoi be fully recovered. and is classified under headings of the Staterncnt of Financial Activities to which it relates.. expenditLtre on raising funds includes the costs of all fundraising activities. event5. non-charitable trading activities. and the sale of donated goods. expenditure on charitable activities includes all costs incurred by a charity In undertaking artFVities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities. All costs are allocated to expenditure categorie8 reflecling the use of the resource. Direct wsts attrlbutable 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. Page 6of 7
THE NATIONAL SIKH WAR MEMORIAL TRUST CHAIUTABLE INCORPORATED ORGANISATION Notes to tbe Financial Statements (conlinued) Year ended 31 Deeember 2020 3. Accounting Policies Icontinuedj Financial Instruments A Financial Asset or a Financial Liability is rccognised only when the entity becomes a party to the contractual provision5 of the instrnment. B&sic Financial Instruments are initially recognised at the amount receivable or payable including any related transaclion costs, unless the arrangement constitutes a financing transaction, where it is recognised al the present value of the futur¢ payments discounted at a markct rate of interest for a similar debt instnunent. Current Assets and Current Liabilities are subsequently measured at the cash or other consideration expected to be paid or recciv¢d and not discounted. Page 7 of 7