| Pages | |||
|---|---|---|---|
| Trustees' | annual report |
1to 7 | |
| Independent auditor's |
report to the members | 8to 11 | |
| 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 | Singh Sabha London East | |||
|---|---|---|---|---|---|
| Trustees' Annual |
Report (contlnuedj | ||||
| Year ended 31 | March 2022 | ||||
| Reference | and administrative | details | |||
| Registered | charity | name | Singh Sabha London East | ||
| Charity registration | number | 262277 | |||
| Principal office | 100 North Street | ||||
| Barking | |||||
| Essex IG11 BJD | |||||
| The trustees | |||||
| Major Singh Basi | (President) | ||||
| Lehmbar Singh Lehal (Vice |
|||||
| President) | |||||
| Kamail Singh Narwal (Vice | |||||
| President) | |||||
| Balvinder Singh Rayat | (General | ||||
| Secretary) | |||||
| Balbir Singh (Treasurer) | |||||
| Auditor | Inger &Company | ||||
| Accountants &statutory |
auditor | ||||
| 7Redbridge Lane |
East | ||||
| Redbridge, Ilford |
|||||
| 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 | DKLM LLP | ||||
| 3Cranwood Street |
|||||
| London | |||||
| EC1V9PE |
| Ye | ar ende | d 31 March | 2022 | ||||
|---|---|---|---|---|---|---|---|
| 2022 | 2021 | ||||||
| Unrestricted | Restricted | ||||||
| funds | funds | Total funds | Total funds | ||||
| Note | R | E | |||||
| income and endowments Donations and legacies Charitable activities Investment income |
4 5 6 |
1,554,370 505,033 73 |
1,554,370 505,033 73 |
1,038,424 138,410 17 |
|||
| Total income | 2,059,476 | 2,059,476 | '1,176,851 | ||||
| Expenditure | |||||||
| Expenditure on raising funds: |
|||||||
| Costs of raising donations and legacies Expenditure on charitable activities |
7 8,9 |
673,265 409,542 |
673,265 409,542 |
290,919 274,289 |
|||
| Total expenditure | 1,082,807 | 1,082,807 | 565,208 | ||||
| Net income | 976,669 | 976,669 | 611,643 | ||||
| Transfers between funds |
11,199 | (11,199) | |||||
| Net movement in funds |
987,868 | (11,199) | 976,669 | 611,643 | |||
| Reconciliation offunds Total funds brought forward |
9,884,047 | 11,199 | 9,895,246 | 9,283,603 | |||
| Total funds carried forward | 10,871,915 | 10,871,915 | 9,895,246 |
| 2022 | 2021 | |||||
|---|---|---|---|---|---|---|
| Note | ||||||
| Fixed assets | ||||||
| Tangible fixed assets | 16,484,959 | 15,964,076 | ||||
| Current assets | ||||||
| Debtors | 17 | 74,649 | 80,428 | |||
| Cash at bank and in | hand | 620,581 | 310,942 | |||
| 695,230 | 391,370 | |||||
| Creditors: amounts | falling | due within one year | 18 | 565,385 | 581,450 | |
| Net current assets | 129,845 | (190,080) | ||||
| Total assets less current | liabilities | 16,614,804 | 15,773,996 | |||
| Creditors: amounts | falling | due after more than | ||||
| one year | 19 | 5,742,889 | 5,878,750 | |||
| Net assets | 10,871,915 | 9,895,246 | ||||
| Funds ofthe charity | ||||||
| Restricted funds |
11,199 | |||||
| Unrestricted funds |
10,871,915 | 9,884,047 | ||||
| Total charity funds | 20 | 10,871,915 | 9,895,246 |
| Year en | ded 31 March 202 | 2 | |
|---|---|---|---|
| 2022 f |
2021 | ||
| Cash flows from operating activities Net income |
976,669 | 611,643 | |
| Adjustments for: Depreciation oftangible fixed assets Other interest receivable and similar income |
371,843 (73) |
97,811 (17) |
|
| Interest payable and similar charges Accrued (income)/expenses |
182,133 (36,651) |
185,803 105,049 |
|
| Changesin: Trade and other debtors |
5,779 | 91,922 | |
| Trade and other creditors | (180,414) | (88,424) | |
| Cash generated from operations |
1,319,286 | 1,003,787 | |
| Interest paid interest received |
(-182,1-33) 73 |
(185,803) 17 |
|
| Net cash from operating activities |
1,132,226 | 818,001 | |
| Cash flows from investing activities Purchase oftangible assets |
(892,726) | (3,533,590) | |
| Net cash used in investing activities |
(892,726) | (3,533,590) | |
| Cash flows from financing activities Proceeds from borrowings Repayments of borrowings |
1,540,000 (1,474,861) |
2,471,000 (75,000) |
|
| Net cash from financing activities |
65,139 | 2,396,000 | |
| Net increase/(decrease) in cash and cash Cash and cash equivalents at beginning |
equivalents ofyear |
309,639 310,942 |
(319,589) 630,531 |
| Cash and cash equivalents at end ofyear |
620,581 | 310,942 |
| Donations | and legacies | ||||
|---|---|---|---|---|---|
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
| Funds | 2022 | Funds | 2021 | ||
| R | F | ||||
| Donations Donations Education Donations |
and offerings income - Building |
976,037 4,604 573,729 |
976,037 4,604 573,729 |
428,146 610,278 |
428, 146 610,278 |
| 1,554,370 | 1,554,370 | 1,038,424 | 1,038,424 | ||
| Charitable | activities | ||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
| Funds | 2022 | Funds | 2021 | ||
| P | E | ||||
| Kitchen langar | 505,033 | 505,033 | 138,410 | 138,410 | |
| Investment | income | ||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
| Funds P |
2022 f |
Funds | 2021 | ||
| Bank interest receivable | 73 | 73 | 17 | 17 |
| Costs ofraising donations and legaci |
es | ||
|---|---|---|---|
| Unrestricted | Restricted | Total Funds | |
| Funds | Funds | 2022 | |
| f | |||
| Staff costs | 446,810 | 446,810 | |
| Advertising and publicity Donations Support costs Insurance Sundries Communications Bank charges |
30,465 147,249 19,032 3,658 8,573 17,478 |
30,465 147,249 19,032 3,658 8,573 17,478 |
|
| 673,265 | 673,265 | ||
| Unrestricted | Restricted | Total Funds | |
| Funds | Funds | 2021 | |
| Staff costs Advertising and publicity Donations Support costs Insurance Sundries Communications Bank charges |
121,958 145 55,131 64,489 10,660 2,628 3,634 6,711 |
25,563 | 121,958 145 80,694 64,489 10,660 2,628 3,634 6,711 |
| 265,356 | 25,563 | 290,919 |
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
|---|---|---|---|---|---|
| Funds | 2022 | Funds | 2021 | ||
| F | |||||
| Interest Kitchen Support |
on loans Langar and Sports costs |
182,133 209,769 17,640 |
182,133 209,769 17,640 |
'185,803 78,086 10,400 |
185,803 78,086 10,400 |
| 409,542 | 409,542 | 274,289 | 274,289 |
| Activities | |||||
|---|---|---|---|---|---|
| undertaken | Total funds | Total fund | |||
| directly Support costs F F |
2022 | 2021 f |
|||
| Interest on loans Kitchen Langar and Sports Governance costs |
182,133 209,769 |
17,640 | 182,133 209,769 17,640 |
185,803 78,086 10,400 |
|
| 391,902 | 17,640 | 409,542 | 274,289 |
| 10. | Net income | ||
|---|---|---|---|
| Net income is stated after charging/(crediting): | 2022 | 2021 | |
| Depreciation oftangible fixed assets |
371,843 | 97,811 | |
| 11. | Auditors remuneration |
||
| 2022 | 2021 | ||
| R | |||
| Fees payable for the audit ofthe financial statements | 9,240 | 8,400 |
| 16. | Tangible fixed assets | Tangible fixed assets | |||
|---|---|---|---|---|---|
| Freehold | Fixtures and | Motor | |||
| property | fittings | vehicles | Total | ||
| F | |||||
| Cost At 1 April 2021 Additions |
17,171,510 876,891 |
141,885 15,835 |
35,835 | 17,349,230 892,726 |
|
| At 31 March 2022 | 18,048,401 | 157,720 | 35,835 | 18,241,956 | |
| Depreciation At 1 April 2021 Charge for the year |
1,254,459 350,968 |
94,862 20,875 |
35,833 | 1,385,154 371,843 |
|
| At 31 March 2022 | 1,605,427 | 115,737 | 35,833 | 1,755,997 | |
| Carrying amount At3t March 2022 |
18,442,974 | 41,983 | 2 | 1-6,4&4,959 | |
| At 31 March 2021 | 15,917,051 | 47,023 | 2 | 15,964,076 | |
| I | |||||
| 17. | Debtors | ||||
| 2022 | 2021 | ||||
| Other debtors | 74,649 | 80,428 | |||
| 18. | Creditors: amounts | falling due within one year | |||
| 2022 | 2021 | ||||
| P | |||||
| Bank loans and overdrafts Accruals and deferred income |
276,000 289,257 |
75,000 325,908 |
|||
| Social security and other taxes Other creditors |
94 34 |
180,542 | |||
| 565,385 | 581,450 |
| At | At | ||||||
|---|---|---|---|---|---|---|---|
| 1 | April 2021 | Income | Expenditure | Transfers | 31 March 2022 | ||
| F | F | F | |||||
| General | funds | 9,884,047 | 2,059,476 | (1,082,807) | 11,199 | 10,871,915 | |
| At | |||||||
| 1 | April 2020 | Income | Expenditure | Transfers | 31 March 2021 | ||
| F | F | ||||||
| General | funds | 9,246,841 | 1,176,851 | (539,645) | 9,884,047 |
| 20. | Analysts | ofcharitable | ofcharitable | funds | (contInuedj | ||||
|---|---|---|---|---|---|---|---|---|---|
| Restricted funds | |||||||||
| At | At | ||||||||
| 1 April 2021 | Income | Expenditure | Transfers 31 March 2022 | ||||||
| F | |||||||||
| Restricted | Fund | ||||||||
| Shaheedi | Fund | 1,180 | (1,180) | ||||||
| Restricted | Fund | ||||||||
| Seven Kings | |||||||||
| Stabbing | Victims Fund | ||||||||
| Restricted | fund | ||||||||
| Punjab Flood Appeal | 10,019 | (10,019) | |||||||
| 11,199 | (11,199) | ||||||||
| At | At | ||||||||
| 1 April 2020 | Income | Expenditure | Transfers | 31 March 2021 | |||||
| F | |||||||||
| Restricted | Fund | ||||||||
| Shaheedi | Fund | 1,180 | 1,180 | ||||||
| Restricted | Fund | ||||||||
| Seven Kings | |||||||||
| Stabbing | Victims Fund | 25,563 | (25,563) | ||||||
| Restricted fund Punjab Flood Appeal |
10,019 | 10,019 | |||||||
| 36,762 | (25,563) | 11,199 | |||||||
| 21. | Analysis | ofnet assets | between funds | ||||||
| Unrestricted | Restricted | Total Funds | |||||||
| Funds | Funds | 2022 | |||||||
| Tangible fixed assets Current assets |
16,484,959 695,230 |
16,484,959 695,230 |
|||||||
| Creditors Creditors |
less than 1 year greater than 1 year |
(565,385) (5,742,889) |
(565,385) (5,742,889) |
||||||
| Net assets | 10,871,915 | 10,871,915 | |||||||
| Unrestricted | Restricted | Total Funds | |||||||
| Funds | Funds | 2021 | |||||||
| Tangible fixed assets Current assets |
15,964,076 380,171 |
11,199 | 15,964,076 391,370 |
||||||
| Creditors Creditors |
less than 1 year greater than 1 year |
(581,450) (5,878,750) |
(581,450) (5,878,750) |
||||||
| Net assets | 9,884,047 | 11,199 | 9,895,246 |
| Analy | sis ofchanges in net debt |
|||
|---|---|---|---|---|
| At | ||||
| At 1 Apr 2021 f |
Cash flows f |
31 Mar 2022 f |
||
| Cash | at bank and in hand | 310,942 | 309,639 | 620,581 |
| Debt Debt |
due within one year due after one year |
(75,000) (5,878,750) |
(201,000) 135,861 |
(276,000) (5,742,889) |
| (5,642,808) | 244,500 | (5,398,308) |