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