Comp¥dDy Registration Iyumber: CE012764 Charity Registixtion Number 1176415 THE NATIONAL SIKH WAR MEMORIAL TRUST CHARtTABLE INCORPORATED ORGANISATION UNAI]DKD FINANCIAL STATEMEN13 31 DECEMBER 2021
THE NATIONAL SIKH WAR MEMORIAL TRUST CHARITABLE INCORPORATED ORGANISATION Financial Statemellt Year ended 31 De(Ymber 2021 Page Trustees. Annual Rewrt (incorpoT8tmg the DIrtor'S Report) Statement of Financial Activities (including Incomc and EXlture Account) Balanc¢ Sheet Notes to the Financial Statcments
THE 1SATtONAL SIKH WAR I¥MoREL TRUST CHARITABLE INCORPORATED ORGANISATION Trnsteo8' Annual Report (incorporating the Director's Rep)rt) Year eDded 31 December 2021 The trustees. who ar¢ also the direthrs for the purposes of company law. present their second rqK)rt and the audÈted Financial Statements of thc charity for thc ycar cndcd 31 Decemb¢r 2021. The Financial Statements have Eten prepared in accordance with the accounting policies set out in notes to the accounts and comply with the charity's 8OVCrniD8 documenL the Charities Act 2011 and Companies Act 2006 and Accounting and Rewrting by Charities: Statement of Recommended Prd¢tkce applicable to charittes preT)aring their accounts in accordance the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2015) (as amended by Updat¢ Bull¢ttn I publisheAI on 2 F¢bruary 2016). Reference and Adminlstrtlv¢ det2ib: Registered Chydrlty Name: The National Sikh W8r Memorial TnLSt Charlty Reglstratlon Number. 1176415 Company Registr4tioD Number CE012764 Principal O(fice and Registered offjce . 64 Ladbroke Road ldon. Wl13NR The Trustees The trustees who served during the year and at the d&e of approval were as follows: Andrew William Mildtnay Fane OBE MA FCA lan James Henderson CBE BSC FRtcs Mankamal Palray Clare Gorst Kultar Singh Khangura Major General Peter Ronald Davics CE Satinder Pal Sin8h Chadha Joga Singh Jasp81 Singh Bhambra Page l of 7
THE NATIOLYAL StKH WAR MoRtAL TRUST CRITABLE INCORPOIL4TED ORGANISATION Trnstees, Annual Report {itteoryorating the Director's Report) (continued) Year ¢ndwJ 31 December 2021 The NSWNff ig actively preparing detailed applications for early submission to ere¢t a statue in Central London to commemorate thc outstanding bravery and loyalty of Sikh soldict5 i both World Wars. Negoiiations to date have engaged with a wide rdnge of senior w)lili¢ians who hav¢ declared themselves as very supportive of this ¢xemplary proW. Detailed negotiations have taken place to secure the prefetyed Ition in a prominent and most suitable sit¢ on th¢ great c¢r¢monial route. where indeed Sikhs marched in 1919 to play their part in celebrating the end of hostilities. A very beauti1 etching of ihe monument in its proposed 5¢ttin8 has been prepared and is being constdered by planoers and will then go forward to ¢ommitted suprK)rte The eharity and its tru5ttts arc confident of further m8t¢rial progr¢ss during 2022. The trusl¢es' Annual Report was approved on ........................... and signed on behalf of the Board of Trus*es by: Chair Trustee Page2of7
THE NATIONAL StKH WAR MEINtORIAL TRUST CHARrrABLE JNCORPORATED ORGLNISATION Statement of Financial Aetivitses (iDcluding Income and Eipendilllre Aetount) Year Ended 31 December 2021 2021 2020 Totsl Funds 1¥40ts lueome 2nd Endovlmeuts Expendikntre Charitable activities Net ¢¢8 of expendithre over ineome before transfer of funds <3.0> Reeonciliation of Fulld5 Totsl Funds brought forward <10229> <,229> Total Futtds e4rried forward <10229> <10229> The Ststement of Financial Activities includes all gains and losses recognised in the year. All Income and Expenditure derive from continuing activities. The notes oo wages 5 to 7 forni part of these Financial Stst¢ments Page 3 of 7
THE NATIONAL SIKH WAR MEMORIAL TRUST CHARITABLE INCORPORATED ORGMISATION BalaDce Sheet Year ended 31 Dee¢mber 2021 2021 2020 Y4ote Fixed A55ets Tang&ble Fixed A crrent A58ets C&sh at Bank and in Hand Crnjltors: Am(Muts fauing due within one year Net Currenl Assets {Li*btlit&es) 1.000 Total A&sets le&$ Current Llabiltties Net Assets l.(K)O Represellted by Long Terni L 11229 11229 Funds of the cbsrhy Restri¢ted Fullds Unrestricted Funds <10.229> <10229> Total Cbarity Funds For the year ending )1 Decemlw 2021 the charity was entit]ed io exemption audit u[r Section 477 of the Comwies Act 2(X)6 latg to small comwiies. Directors, reSpolbilIties. the members have not required the companyto obtain an aLtdit of rts Flnancial Ststements for the year in question in accordan with Section 476- the director5 acknoWdEe their responsibilTties for Complg with the requlrements of the Act with respect to Bccounting cordS and the prepardtion of Financial Statements. These Flnancial St3tements have been prepared in accordan with the provisbons applicable to companies subiect to the small companies. regime. The5¢ F&DatKial Statemeits were approved by the Boatd of Ttt aDJ authoriseAJ for IS On .. and e siRd on Fthif of tk Board by". Chair Trustee Company Regi51rdtion Number. CE012764 Page 4 of 7
NATIONAL SIKH WAR MEMORIAL TRi'yST CHARrrABLE INCORPORATED ORGANtSATION Not to the Fin8DcTal Statements Year ended 31 December 2021 l. Genernl Informati The charity is a public ben¢fit entity and registered in England and Wales and a registered charity Tn England and Wales. The address of the registered office 64 Ladbroke Ro4 London Wl 13NR 2. Statement of Complian These finatkcial Statements have been prepared in compliance with FRS 102, the Financial Reporting Stand8rd applicable in the UK and the Republic of ITclan¢ the Statement of Recommended Practi¢e applicable to Charities prcparing their accounts Tll ac¢ordan¢e with the Financial Rq)orting Standard applicable in the UK and Republi¢ of Ireland (FRS 102) (Charities SORP (FRS 102 aTe) and the Compantes Act 2006. The charity constitutes a public bcnefit entity as dered by FRS 102. 3. Accountlng Polldes Basi8 ofPreparatioll The Financial Statcments have been prepar1 on the historical ¢05t basis. The Financial Ststements are prepared in strrling.. which is the functiotkal currcncy of the entity. Goijvd Concern The accounts have been prcpared on a going concern b&%is as thc trustces believe that no matcrial tEncertainties exisL The truste¢s have conSided the level of fiEnds to be held and the expected levcl of income and expenditure for 12 months from authorising thcse Fillan¢ial Statements. The budgctcd income and expenditure is SLÈffi¢ient foi Lbe clwity w be able to continue &$ a going coneern. Fund Accoulltin2 Unre5trict¢d funds are availabl¢ for use at thc discrction of the trustees to fijrther any of the charity's purposes. Designated funds are unrestrictcd fuods earnlarked by the trustee5 for particular future project or commitment Restricted fimds are subjected to restri10n5 on their expendikn de¢lar&l by the donor or through the terms of an ap1. Pa8¢ 5 of 7
Notes to the Financial Statements I conÉiDlled Year ended 31 December 2021 3. Accounting Policie51contsnuedJ Income All income is included in the statement of FinanciaI Aetivitics when entitlement has passed to the chartty. it is pri)babl¢ that the economic benefits associated with the tra[ction will flow to the clwity and the amouDt can be reliabty measured. The following specific policies are applied to particular categories of income". income from donations or grants is recognised wher> there is evidence of entitlement to the gift. receipt is probable and tts amount can be measured reliably. income from grants and contracts for the supply of services 15 recognised with the delivery of the contrarted servi. This is cla55ified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and retum rf unspent, in which case it may be regarded as restrirted. Expenditure Expenditure is recognised on an accruals basis as a liability is incurTed. ExdItre includes any VAT whlch cannot be fulfv recovered, alld is cIlfied ullder headings of the Statement of Financial Activities to which it relates: expenditure on raising funds includes the costs of all fundraising attivities, events, non-charitable trading activities. and the sale of donated good5. expenditure on charitable activrties includes all costs inojrred by a charity in undertaking activities that further its charttable aims for the beneflt of its beneficiaries, including those support Costs and costs relating to the governance of the tharFty apportioned to charitable attivities. All costs are allocated to expendittjre categories fleCtIng the use of the resource. Direct costs attributsble to a sinole activity arc atlocated directly that activity. Shared costs are apportioned between the a1vitieS tbey ¢ontnTrfruÈe to on a reasonable, justifiable and consistent b&sis. Page6 of7
THE NATIONAL SIKEI WAR MEMORLIL TRUST CIL4RITABLE IIYCORPORATED ORGANISATION Notes to the Finan¢iAI Statements (continued) Year end¢d 31 December 2021 3. Accountlng Poli¢ie51contlnuedJ Financial lttstrumcnts A Financial Asset or a FI¢la[ Liability is recognised only when the entity becomes a paty to the contractual provisions of the instrument. Basic Financial Instruments are initially recognis¢d at the amount receivable or payable including any related transaction costs. unless ihe arrdngement constittjtes financing msa¢tion. where il is recognised at the present value of the futyre payments discounted at a market Ne of interest for a similar debt instrument. Current Assets and Current Liabilities ar¢ Subsequently measured at the cash or other considcrdlion ¢xpect¢d io be paid or received and not discounted. Ikbt Instruments are subsequently measured at amortised cosL Page7of7