| Pages | |||
|---|---|---|---|
| Trustees' | annual report |
I to 7 | |
| Independent auditor's |
report to the members | 8to11 | |
| Statement | offinancial | activities | 12 |
| Statement | offinancial | position | 13 |
| Statement | ofcash flows | 14 | |
| Notes to the financial | statements | 15to 23 |
| Singh Sabha London East | Singh Sabha London East | |||
|---|---|---|---|---|
| Trustees' Annual |
Report (continued) | |||
| Year ended 31 March 2021 | ||||
| Reference and administrative | details | |||
| Registered | charity | name | Singh Sabha London East | |
| Charity registration | number | 262277 | ||
| Principal office | 100North Street | |||
| Barking | ||||
| Essex IG11 8JD | ||||
| The trustees | ||||
| Major Singh Basi | (President) | |||
| Lehmbar Lehal Singh (Vice |
||||
| President) | ||||
| Karnail Singh Naiwal (Vice | ||||
| President) | ||||
| Balvinder Singh Rayat (General | ||||
| Secretary) | ||||
| Balbir Singh (Treasurer) | ||||
| Auditor | Inger 8 Company | |||
| Statutory auditor |
||||
| 7 Redbridge Lane |
East | |||
| Redbridge, llford |
||||
| Essex IG4 5ET | ||||
| Bankers | HSBC Bank PLC | |||
| 23 Ripple Road | ||||
| Barking | ||||
| Essex IG11 7NW | ||||
| National Westminster |
||||
| 27 High Road | ||||
| Chadwell Heath |
||||
| Romford | ||||
| Essex RM6 6QD | ||||
| Solicitors | S S Basi and Co | |||
| 153Cranbrook Road |
||||
| llford | ||||
| Essex | ||||
| IG1 4TA |
| 2021 | 2020 | |||||||
|---|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | |||||||
| funds | funds | Total funds | Total funds | |||||
| Note | f | F | ||||||
| Income and endowments | ||||||||
| Donations and legacies |
4 | 1,038,424 | 1,038,424 | 2,018,042 | ||||
| Charitable activities |
5 | 138,410 | 138,410 | 248,575 | ||||
| Investment income |
6 | 17 | 17 | 101 | ||||
| Total income | 1,176,851 | 1,176,851 | 2,266,718 | |||||
| Expenditure | ||||||||
| Expenditure on raising funds: |
||||||||
| Costs of raising | donations | and | ||||||
| legacies | 7 | 265,356 | 25,563 | 290,919 | 342,300 | |||
| Expenditure on charitable |
activities | 8,9 | 274,289 | 274,289 | 257,671 | |||
| Total expenditure | 539,645 | 25,563 | 565,208 | 599,971 | ||||
| Net income and net movement | in | funds | 637,206 | (25,563) | 611,643 | 1,666,747 | ||
| Reconciliation offunds |
||||||||
| Total funds brought |
forward | 9,246,841 | 36,762 | 9,283,603 | 7,616,856 | |||
| Total funds carried | forward | 9,884,047 | 11,199 | 9,895,246 | 9,283,603 |
| 2021 | 2020 | |||
|---|---|---|---|---|
| E | ||||
| Cash flows from operating | activities | |||
| Net income | 611,643 | 1,666,747 | ||
| Adjustments for: |
||||
| Depreciation oftangible fixed assets Other interest receivable and similar income Interest payable and similar charges Accrued expenses |
97,811 (17) 185,803 105,049 |
88,115 (101) 44,983 106,334 |
||
| Changesin: | ||||
| Trade and other debtors Trade and other creditors |
91,922 (88,424) |
56,215 (18,885) |
||
| Cash generated from operations |
1,003,787 | 1,943,408 | ||
| Interest paid interest received |
(185,803) 17 |
(44,983) 101 |
||
| Net cash from operating activities |
818,001 | 1,898,526 | ||
| Cash flows from investing | activities | |||
| Purchase oftangible assets |
(3,533,590) | (5,023,321) | ||
| Net cash used in investing activities |
(3,533,590) | (5,023,321) | ||
| Cash flows from financing | activities | |||
| Proceeds from borrowings Repayments of borrowings |
2,471,000 (75,000) |
3,589,000 (31,250) |
||
| Net cash from financing activities |
2,396,000 | 3,557,750 | ||
| Net (decrease)/increase in Cash and cash equivalents |
cash and cash at beginning |
equivalents ofyear |
(319,589) 630,531 |
432,955 197,576 |
| Cash and cash equivalents | at end ofyear | 310,942 | 630,531 |
| Donations | and legacie | s | |||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total Funds | |||
| Funds | Funds | 2021 | |||
| Donations | |||||
| Donations | and offerings | 428,146 | 428,146 | ||
| Education | income | ||||
| Punjab Flood Appeal |
|||||
| Seven Kings Stabbing Donations - Building |
Victims Fund | 610,278 | 610,278 | ||
| 1,038,424 | 1,038,424 | ||||
| Unrestricted | Restricted | Total Funds | |||
| Funds | Funds | 2020 | |||
| Donations | |||||
| Donations Education |
and offerings income |
691,820 2,727 |
691,820 2,727 |
||
| Punjab Flood Appeal Seven Kings Stabbing Donations - Building |
Victims Fund | 1,284,263 | 10,019 29,213 |
10,019 29,213 1,284,263 |
|
| 1,978,810 | 39,232 | 2,018,042 |
| 5. | Charitable activities |
|||||
|---|---|---|---|---|---|---|
| Unrestricted | Total Funds | Unrestricted | Total Funds | |||
| Funds | 2021 | Funds | 2020 | |||
| E | f | |||||
| Kitchen langar | 138,410 | 138,410 | 248,575 | 248,575 | ||
| 6. | Investment income |
|||||
| Unrestricted Funds E |
Total Funds 2021 |
Unrestricted Total Funds Funds 2020 E'. ''E |
||||
| Bank interest receivable | 17 | 17 | 101 | 101 | ||
| 7. | Costs of raising donations | and legacies | ||||
| Unrestricted | Restricted | : | Total Funds | |||
| Funds | Funds | 2021 | ||||
| Staff costs Advertising and publicity |
121,958 - 145 |
121,958 145 |
||||
| Donations Support costs Insurance Sundries Communications Bank charges |
55,131 64,489' 10,660 2,628 3,634 6,711 |
25,563 | 80,694 64,489 10,660 2,628- '3,634 6,711 |
|||
| 265,356 | 25,563 | 290,919 | ||||
| Unrestricted | Restricted | Total Funds | ||||
| Funds | Funds | 2020 | ||||
| E | ||||||
| Staff costs Advertising and publicity |
134,693 101 |
134,693 101 |
||||
| Donations Support costs Insurance Sundries Communications Bank charges |
35,901 91,129 10,296 4,125 1,696 60,709 |
3,650 | 39,551 91,129 10,296 4,125 1,696 60,709 |
|||
| 338,650 | 3,650 | 342,300 |
| Expendi | ture on charitable activi |
ties by fund type |
|||
|---|---|---|---|---|---|
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
| Funds F |
2021 f |
Funds | 2020 | ||
| Interest | on loans | 185,803 | 185,803 | 44,983 | 44,983 |
| Kitchen Support |
Langar and Sports costs |
78,086 10,400 |
78,086 10,400 |
169,490 43,198 |
169,490 43,198 |
| 274,289 | 274,289 | 257,671 | 257,671 |
| 9. | Expenditure on charitable |
Expenditure on charitable |
activities | by activity type | |||
|---|---|---|---|---|---|---|---|
| Activities | |||||||
| undertaken | Total funds | Total fund | |||||
| directly Support | costs | 2021 f |
2020 E |
||||
| Interest on loans Kitchen Langar and Sports Governance costs |
185,803 78,086 |
10,400 | 185,803 78,086 10,400 |
44,983 169,490 43,198 |
|||
| 263,889 | 10,400 | 274,289 | 257,671 | ||||
| 10. | Net income | ||||||
| Net income is stated after charging/(crediting): | 2021 | 2020 | |||||
| Depreciation oftangible |
fixed assets | 97,811 | 88,115 | ||||
| 11. | Auditors remuneration |
||||||
| 2021 | 2020 | ||||||
| Fees payable for the audit | ofthe financial statements | 8,400 | 8,400 |
| Staff costs | ||||
|---|---|---|---|---|
| The total staff costs and employee | benefits for the reporting | period are analysed as 2021 |
follows: 2020 |
|
| f | P | |||
| Wages and salaries | 11,700 | 26,627 | ||
| The average head count of employees | during the year was | 1 (2020:2). |
| financial statements ofENil (2 Tangible fixed assets |
020 - E1.3 million). | p | ||
|---|---|---|---|---|
| Freehold | Fixtures and | Motor | ||
| property | fittings | vehicles | Total | |
| E | ||||
| Cost | ||||
| At 1 April 2020 | 13,677,699 | 102,106 | 35,835 | 13,815,640 |
| Additions | 3,493,811 | 39,779 | 3,533,590 | |
| At 31 March 2021 | 17,171,510 | 141,885 | 35,835 | 17,349,230 |
| Depreciation | ||||
| At 1 April 2020 Charge for the year |
1,177,720 76,739 |
73,790 21,072 |
35,833 | 1,287,343 97,811 |
| At 31 March 2021 | 1,254,459 | 94,862 | 35,833 | 1,385,154 |
| Carrying amount |
||||
| At 31 March 2021 | 15,917,051 | 47,023 | 2 | 15,964,076 |
| At 31 March 2020 | 12,499,979 | 28,316 | 2 | 12,528,297 |
| Debtors | |||
|---|---|---|---|
| 2021 | 2020 | ||
| E | |||
| Other debtors | 80,428 | 172,350 | |
| Creditors: amounts | falling due within one year | ||
| 2021 f |
2020 f. |
||
| Bank loans and overdrafts Accruals and deferred income Social security and other taxes |
75,000 325,908 |
74,604 220,859 361 |
|
| Other creditors | 180,542 | 268,605 | |
| 581,450 | 564,429 |
| Credi | tors: | amo | unts falling due after more than |
one year | |
|---|---|---|---|---|---|
| 2021 | 2020 | ||||
| Bank | loans | and | overdrafts | 5,878,750 | 3,483,146 |
| At | At | ||||||
|---|---|---|---|---|---|---|---|
| 1 | April 2020 | Income | Expenditure | 31 INarch 2021 | |||
| F | |||||||
| General | funds | 9,246,841 | 1,176,851 | (539,645) | 9,&84,047 | ||
| At | At | ||||||
| 1 | April 2019 | Income | Expenditure | ' | 31 March 2020 | ||
| E | E | E | |||||
| General | funds | 7,615,676 | 2,227,486 | (596,321) | 9,246,841 |
| At | At | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 April 2020 | Income | Expenditure | 31 | March 2021 | |||||||
| E | E | F | |||||||||
| Restricted Restricted |
Fund Fund |
-Shaheedi - Seven |
Fund Kings |
1,180 | 1,180 | ||||||
| Stabbing Restricted |
Victims fund |
Fund - Punjab Flood |
25,563 | (25,563) | |||||||
| Appeal | 10,019 | 10,019 | |||||||||
| 36,762 | (25,563) | 11,199 | |||||||||
| At | At | ||||||||||
| 1 April 2019 | Income | Expenditure | 31 | March 2020 | |||||||
| E | |||||||||||
| Restricted Restricted |
Fund Fund |
-Shaheedi - Seven |
Fund Kings |
1,180 | 1,180 | ||||||
| Stabbing Restricted |
Victims fund |
Fund - Punjab Flood |
29,213 | (3,650) | 25,563 | ||||||
| Appeal | 10,019 | 10,019 | |||||||||
| 1,180 | 39,232 | (3,650) | 36,762 |
| Analysis ofnet a | sse | ts between funds |
|||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total Funds | |||
| Funds | Funds | 2021 | |||
| E | |||||
| Tangible fixed assets Current assets Creditors less than 1 Creditors greater than |
year 1 year |
15,964,076 (201,279) (5,878,750) |
11,199 | 15,964,076 11,199 (201,279) (5,878,750) |
|
| Net assets | 9,884,047 | 11,199 | 9,895,246 | ||
| Unrestricted | Restricted | Total Funds | |||
| Funds | Funds | 2020 | |||
| Tangible fixed assets | 12,528,297 | 12,528,297 | |||
| Current assets Creditors less than |
1 year | 201,690 | 36,762 | 238,452 | |
| Creditors greater than | 1 year | (3,483,146) | (3,483,146) | ||
| Net assets | 9,246,841 | 36,762 | 9,283,603 |
| Analy | sis ofchang | es in net debt |
|||
|---|---|---|---|---|---|
| At | |||||
| At 1 Apr 2020 | Cash flows | 31 Mar 2021 | |||
| E | |||||
| Cash | at bank and | in hand | 630,531 | (319,589) | 310,942 |
| Debt Debt |
due within one year due after one year |
(74,604) (3,483,146) |
(396) (2,395,604) |
(75,000) (5,878,750) |
|
| (2,927,219) | (2,715,589) | (5,642,808) |