Company RetioN Number. CE012764 Charity RegistratioD Number: 1176415 THE NATIONAL SIKH WAR MEMORIAL TRUST CHARITABLE INCORPORATED ORGANISATION UNAUDrfED FINANCIAL STATEMENTS 31 DECEMBER 2022 (updaied)
THE NATIONAL SIKH WAR MEMORIAL TRUST CHARITABLE INCORPORATED ORGANISATION Financial Statement Y¢ar ended 31 December 2022 Pag¢ Trustces. Annual Rep)rt (incOr1ratjn8 the Dir¢¢tor's Report) Statement of Financial Acttvities Oncome and Expenditure Arunt) Balance Sheev Statement of Financial Position Notes to the Financial Stslements
THE NATIONAL SIKH WAR MKMORtAL TRUST CHARITABLE INCORPORATED ORGANISATION Trnste¢s' Annual Report (incoryorating Ihe Direttor's Rcport) Y¢ar emded 31 December 2022 The trustee& who are also the dirt0[5 for the puryx)ses of company law. present their second report atkl the audited Financial Stat¢ments of th¢ charity for the year ended 31 tkcanber 2022. The Financial Statements have tten pr¢paTed in accordanrx with thc accounting polici¢s set out in notes to the accounts and comply with the charity's governing documenL the Charities Act 2011 and Companles Acl 2006 and Accounting and Rqx>rting by Charities: Statement of Recommended Prnctice applicable to charities preparing their accK)unts in w>rdance the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2015) (as amended by UFde Bulletin I Publish on 2 February 2016). Referethee #nd Administrative detib: R¢Rlstered Charlty Name: The National Sikh War Memorial Trust Charlty Regtstrailon Number. 1176415 Company Reglstratlon Number CE012764 Prin¢lpAI Offlee amd Regbtsred Office . 64 L&lbroke Road London Wl13NR Th¢ Trns¢ee8 The trustees who served during the year and at the date of approval were as follows: Andrcw Fane OBE MA FCA Ian James Hend¢rson CBE BSC FRICS Mankamal Singh Palrny Clatt Gorst Kultsr Singh Khangura Major General Peter Ronald Davics CB Satinder Pal Singh Chadha Joga Singh - from 8 March 2018 Jaspal Sin8h Bhambrn Pag¢ l of7
THE NATtONAL SIKH WAR MEMORIAL TRUST CHARrrABLE INCORPORATED ORGANISATION (NSWMT) Trustees. Annual Report {iDeoryorati the Direetor's Report) (conlinued) Year ended 31 December 2022 The National Sikh War monal Trust is activ¢ly preparing detsiled applications for early submission to erect a ststuc in CentTal London to commcmorate the outstanding brav¢ry and loyalty of Sikh soldiers in IK)th World Wars. Negotiations to date have engaged with a wide ratig¢ of senior politicians who have d¢clared th¢mselves as very supportive of this exemplary proposal. Detailed n¢gotiations have tsken place to sccure the preferred Ition in a prominent and most suitable site on the great ceremonial rout¢, where indecd Stkh5 rnahcd in 1919 to play their part in celebrating the end of hostilitie5. A very beautiful etching of the monurnent in its proposed setting has been prepared and is being considered by plann¢rs and will then go forward to committed supporters. The charity and its trustees alr confident of fiwther material progress in the near future. Thetrustees, Amuai Rew)rt was approved on........................... and signed on behalfof the Board of Trustees by: Chair Trustee P8gc2of 7
THE NATIONAL SIKH WAR MEMORIAL TRUST CHARrrABLE INCORPORATED ORGANISATION Statem¢nt of Financial A¢¢ivits (ineluding Income and Kxpenditsre Acconmt) Year Ended 31 DeCernr 2022 2022 2021 Total FDnd8 Not¢ ID¢ome aDd Endowrnellts 30.(K)O Expenditure Charitable activities 8,869 384 Net ex¢es8 of Ineom¢ over expendltllre 51,131 29,516 ReeotheiliatioD of Fundj Totsl Funds brought forward 25.736 3,880 Total FuDds carried forward 76.867 25,736 I'he Statement of Financial Activities ildeS all gains and10&8es rwised in the year. All Income and Expenditurc derive from rA)ntinuing activities. The motss on pages S to 7 forn part of th¢8¢ Fin*acial Statements Page3of7
THE NATIOI¥AL SIKH WAR MEMORIAL TRU CHARrrABLE INCORPORATED ORGANISATION B&lgn¢e Sheet Year ended 31 Decemb¢r 2022 2022 2021 Noteg Fixed knets TaDsibl¢ Fixed A&5¢ts Current Assets Cash at B8nk and in Hatsl 84.076 32.656 Credltors: Amounts fallin8 due within one year 7.229 Net Current A#Mts 76.867 25,736 Total Agsets le88 Current U#bilities 76,867 25.736 Net kn¢ts Repres¢Dt¢d by Funds of the ¢h•rfty Restricted Fun(ts Unrestrid Funds 76,867 25,736 Total Chrlty Fumds 76,867 25.736 For the year ending 31 Deceml)¢r 2022 the charity was entitled to exemption from audit under S¢¢tion 477 of the COMFnIeS Aet 21M)6 rela¢in8 to Sm1 eompgnies. Directors. reswnsibilities.. the members have not required the companyto obtaln an audlt of Its Flnandal Statements for the year in questlon In accordance with Sectlon 476,. the dlrectors acknowledge their respon511ylities for comptylng with the requlrements of the Act wtth respect to a¢countin8 records and the prepaTation of Financlal Statements. These Flnancial Statements have been prepared In accordance wfth the provlslons appllcable to companles subject to the small Compan reglme. These Fitwwial Ststements were amved by the Board of Trtty1 and authorised for issue on .. and 8r¢ Sign on bchaif of the Board ty: Chair Trustee Company Registratson Nutnber. CE012704 Page4of7
THE NATIONAL SIKH WAR MEMORIAL TRUST CHARfrABLE llYCORPORATED ORGANISATION Notes to the Finamcial StatemeDts Yegr ellded 31 December 2022 l. General Infonnthn The Clty is a public benefit entity and registered in England and Wale5 and a registered charity in England and Wales. The address of the regi5t¢red office. (A Ladbroke Roa4 IA)ndon Wl 13NR 2. Ststement of Compllance These financial statements have been preparal in compliane¢ with FRS 102. the Financial RertIng Standard applicable in th¢ UK and the Republic of Ireland. the Statement of Recommended Prnctice applicable to Chariti preparing their accounts in accordance with the Financial Reporting Sthndard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102 are) and the Companics Ad 2006. The charity constitutes a publi¢ benefit entity as d¢fitKd by FRS 102. 3. Accoufttln8 Polldes BAJIS of Preprtlon The Financial Statements hav¢ been prepared on the histOriGqI com b&si& The Financial Statements are prqmred in slerlin& which is the functional currency of the entity. Golng Concern The accounts have been prepared on a going eA)ncern b&sis as the trustees believe that no material uneertainties exist. The tnL#e¢s have consid¢rd the level of funds lo be held and the Cxpected level of income and eXndItUre for12 months from authorising these Financial Statem¢nts. Th¢ bud8Cted inwrn¢ and exp¢nditur¢ is sufficient for the charity io be able to rA)ntinue &$ a going concern. Fund Accollnting Unrestricted fimd5 are available for use at the discretion of the trustees to further any of the charity's pur. Designated funds are unrestricted funds earniarked by the trnste£q for particular firture projwt or wmmAim¢tiL Restricted funds are subjected to restrIL*io% on their eX)ditUre declared by the donor or through the ternis of an appeal. Page S of 7
THE NATIONAL SIKH WAR MEMORIAL TRUST CIIARrrABLE INCORPORATED ORGANISATION Noles to the FiDalleial Stst¢ments I tontiMlle41 Yegr ended 31 Deeember 2022 3. Accountlnz Polic5es (contlnuedj Income All income is included in the stat¢ment of Financial Activities when entitlwn¢nt h4s pass to the charity. it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of inwme: 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 rellably. income from grants and contracts for the supply of servlce5 15 recognlsed with the delivery of the contracted Serv1. Th15 Is classlfied as unrestricted fvnds unless there is a contractual requlrement for it to be spent on a particular purpose and retum rf unspenL in which case it may be regarded a5 restricted. Eipendllure Expenditure is recognised on an acCn$ basis as a liability 15 incurrejj. Expenditure includes any VAT which cannot be fully recovered. and is cla&8ified under headings of th¢ Statement of Financial Activities io which it fflotes: expenditure on ralslng funds includes the costs of all fundraising attivities, events, non-charitable tradin8 attlvltles. and the sale of donated goods. expenditure on charitable actlvities includes all costs incurred by a charity In undertaking actlvities that further its charitable alms for the beneflt of it5 beneficiaries, induding those support costs and costs relatlng to the governance of the charity apw)rtloned to charitable artivities. All costs are allocated to ¢xpenditure cate8ories reflecting th¢ us¢ of the resourc¢. Direct COSIS atiributabl¢ to a single 8Qivity are allated directly to that activity. Shared wsts are apportioned betw¢¢n the activiti¢5 they contribute to on a reasonabl justifiable and consistent basis. Page6of 7
THE1¥4ATIONAL SIKH WAR MEMORIAL TRUST CHARABLE INCORPORATED ORGAMSATION Notu lo Ihe Financial Ststements (conilnued) Year eDded 31 Deeember 2022 3. A¢tountln8 Policies (continuedj FiDaD¢ial Instrnments A Financial Asset or a Financial Liability is recognis only when th¢ entity becom¢s a party to the contractual provisions of the iDStnmient. Basic Financial Instruments are initially reCgnIsed at the amount receivable or payable including any related transaction cost& unless the arrangement constitutes a financing transaction. where it is recogmised at the present value of the future paymenis discounted at a markct rnte ofintcrcst for a similar debt instrum¢nt. Current Assets and Current Liabilitie5 are SubseqUtIY mwured at the cash or other consideration expected to be paid or received and not discounted. Debt Instsillnents are subscquently measured at amortised cost. Page 7 of7