## ## ## ||||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)|