# ## ## ||||Pages| |---|---|---|---| |Trustees'|annual
report||1to7| |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 21| ## ## ||||Singh Sabha London East|Singh Sabha London East|Singh Sabha London East|Singh Sabha London East| |---|---|---|---|---|---|---| ||||Trustees' Annual|Report (contlnuedl||| ||||Year ended 31|March 2023||| |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||||||| ||||Satnam Singh (President)|||| ||||Raghbir Singh Bhangal|||(Vice President)| ||||Gurdip Singh Hundal||(Vice President)|| ||||Jagdish Singh Jutle||(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|||| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ||||2023|2023|2022| |---|---|---|---|---|---| ||||Unrestricted||| ||||funds|Total funds|Total funds| |||Note|||| |Income and endowments
Donations
and legacies
Charitable
activities
Investment
income
Other income||4
5
6
7|1,234,024
568,215
276
2,999|1,234,024
568,215
276
2,999|1,554,370
505,033
73| |Total income|||1,805,514|1,885,514|2,059,476| |Expenditure|||||| |Expenditure
on raising funds:
Costs ofraising donations
and legacies
Expenditure
on charitable
activities||'8
9,10|784,075
580,253|784,075
580,253|673,265
409,542| |Total expenditure|||1,384,328|1,384,328|1,082,807| |Net income and net movement|in funds||441,186|441,186|976,669| |Reconciliation
offunds
Total funds brought forward|||10,871,915|10,871,815|9,895,246| |Total funds carried forward|||11,313,101|11,313,101|10,871,915| ## ## ## ||||2023||2022| |---|---|---|---|---|---| |||Note|||E| |Fixed assets
Tangible fixed assets||17||16,305,546|16,484,959| |Current assets|||||| |Debtors||18|?4,632||74,649| |Cash at bank and in|hand||561,457||620,581| ||||636,089||695,230| |Creditors: amounts|falling due within one year|19|250,813||565,385| |Net current assets||||385,276|129,845| |Total assets less current liabilities||||16,690,822|16,614,804| |Creditors: amounts
one year|falling due after more than|20||5,377,721|5,742,889| |Net assets||||11,313,101|10,871,915| |Funds ofthe charity
Unrestricted
funds||||11,313,101|10,871,915| |Total charity funds||21||11,313,181|10,871,815| ## ## ## |Year en|ded 31 March 202|3|| |---|---|---|---| |||2023|2022| ||||E| |Cash flows from operating
activities
Net income||441,186|976,669| |Adjustments
for:
Depreciation
oftangible fixed assets
Other interest receivable and similar income
Interest payable and similar charges
Gains on disposal oftangible
fixed assets
Accrued income||374,181
(276)
261,671
(2,'999)
(234,462)|371,843
(73)
182,133
(36,651)| |Changes
/n:
Trade and other debtors||17|5,779| |Trade and other creditors||(110)|(180,414)| |Cash generated
from operations||839,208|1,319,286| |Interest paid
Interest received||(261,671)
276|(182,133)
73| |Net cash from operating
activities||577,813|1,137,226| |Cash flows from Investing
activities
Purchase oftangible assets
Proceeds from sale oftangible assets||(194,769)
3,000|(892,726)| |Net cash used
in investing
activities||(191,769)|(892,726)| |Cash flows from financin
activities
Proceeds from borrowings
Repayments
of borrowings||(445,168)|1,540,000
(1,474,861)| |Net cash (used in)/from
financing
activities||(445,168)|65,139| |Net (decrease)/increase
in cash and cash
Cash and cash equivalents
at beginning|equivalents
ofyear|(59,124)
620,581|309,639
310,942| |Cash and cash equivalents
at end ofyear||561,457|620,581| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |4.|Donations|and legacie|s||||| |---|---|---|---|---|---|---|---| |||||Unrestricted|Total Funds|Unrestricted|Total Funds| |||||Funds|2023|Funds|2022| ||Donations||||||| ||Donations
Education
Donations|and offerings
income
- Building||967,913
3,605
262,506|967,913
3,605
262,506|976,037
4,604
573,729|976,037
4,604
573,729| |||||1,234,024|1,234,024|1,554,370|1,554,370| |5.|Charitable|activities|||||| |||||Unrestricted|Total Funds|Unrestricted|Total Funds| |||||Funds|2023|Funds|2022| ||||||R|F|| ||Kitchen langar|||568,215|566,215|505,033|505,033| |6.|Investment|Income|||||| |||||Unrestricted|Total Funds|Unrestricted|Total Funds| |||||Funds|2023|Funds|2022| |||||F||P|F| ||Bank interest receivable|||276,|276|73|73| |7.|Other Income||||||| |||||Unrestricted|Total Funds|Unrestricted|Total Funds| |||||Funds|2023|Funds|2022| ||||||R|P|| ||Gain on disposal oftangible fixed
assets held for charity's
own use|||2,999|2,999||| ## ## ## |Costs ofraising donations|and legacie|s|||| |---|---|---|---|---|---| ||.|Unrestricted|Total Funds|Unrestricted|Total Funds| |||Funds|2023|Funds|2022| |||||F|F| |Staff costs
Premises
Donations
Support costs
Insurance
Sundries
Communications
Bank charges||' 12,410
495,334
42,351
188,206
20,816
1,223
8,119
15,614|12,410
495,334
42,351
188,206
20,818
1 223
8,119
15,614|11,952
434,858
30,465
147,249
19,032
3,658
8,573
17,478|11,952
434,858
30,465
147,249
19,032
3,658
8,573
17,478| |||784,075|784,075|673,265|673,265| ## |||Unrestricted|Total Funds|Unrestricted|Total Funds| |---|---|---|---|---|---| |||Funds|2023|Funds|2022| |||F||F|| |Interest
KItchen
Support|on loans
Langar and Sports
costs|' 261,671
307,322
11,260|261,671
307,322
11,260|182,133
209,769
17,640|182,133
209,769
17,640| |||580,253|580,253|409,542|409,542| ## |||Activities||||| |---|---|---|---|---|---|---| |||undertaken|||Total funds|Total fund| |||directly|Support|costs|2023|2022| |||F|||R|F| |Interest on loans
Kitchen Langar and Sports
Governance
costs||261,671
307,322|'|11,260|261,671
307,322
11,260|182,133
209,769
17,640| |||568,993||11,260|580,253|409,542| ## |11.|Net Income||| |---|---|---|---| ||Net income is stated after charging/(crediting):|2023|2022| ||||F| ||Depredation
oftangible fixed assets
Gains on disposal oftangible fixed assets|374,181
(2,999)|371,843| |12.|Auditors
remuneration||| |||2023|2022| ||||F| ||Fees payable for the audit ofthe financial statements|9,480|9,240| ## ## ## ## ## ## ## ## |Tangible fixed assets||||| |---|---|---|---|---| ||Freehold|Fixtures and|Motor|| ||property
P|fittings
E|vehicles|Total
R| |Cost
At 1 April 2022
Additions
Disposals|18,048,401
176,879|, 157,720
17,890|35,835
(19,735)|18,241,956
194,769
(19,735)| |At 31 March 2023|18,225,280|175,610|16,100|18,416,990| |Depreciation
At 1 April 2022
Charge for the year
Disposals|1,605,427
354,506|115,737
19,675|35,833
(19,734)|1,756,997
374,181
(19,'734)| |At 31March 2023|'I,959,933|135,412|16,099|2,111,444| |Carrying
amount
At 31March 2023|16,265,347|40,198|1|16,305,546| |At 31 March 2022|16,442,974|41,983|2|16,484,959| ## ## ## ## |Debtors|||| |---|---|---|---| |||2023|2022
f| |Other debtors||74,632|74,649| |Creditors: amounts|falling due within one year||| |||2023|2022| |Bank loans and overdrafts
Accruals and deferred
income
Social security and other taxes
Other creditors||196,000
54,795
18|276,000
289,257
94
34| |||250,813|565,385| ## ## |2023|2022| |---|---| |R|| |5,377,721|5,742,889| ## ## |||At||||At| |---|---|---|---|---|---|---| |||1 April 2022|Income
E|Expenditure|Transfers
F|31March 2023
f| |General|funds|10,871,915|1,805,514|(1,364,328)||11,313,101| |||At||||At| |General|funds|1 April 2021
E
9,884,047|Income
2,059,476|Expenditure
V,082,807)|Transfers
11,199|31 March 2022
F
10,871,915| ## ## ## ## |Analysis ofnet asse|ts between funds||| |---|---|---|---| |||Unrestricted|Total Funds| |||Funds|2023| |||F|R| |Tangible fixed assets
Current assets
Creditors less than
1 year
Creditors greater than
1 year||16,305,546
636,089
(250,813)
(5 377721)|16,305,546
636,089
(250,813)
(5,377,721)| |Net assets||11,313,101|11,313,101| |||Unrestricted|Total Funds| |||Funds|2022| |||F|| |Tangible fixed assets
Current assets
Creditors less than
1
Creditors greater than|year
1 year|16,484,959
695,230
(565,385)
(5,742,889)|16,484,959
695,230
(565,385)
(5,742,889)| |Net assets||10,871,915|10,871,915| ## |Analy|sis ofchanges
ln net debt|||| |---|---|---|---|---| |||||At| |||At 1 Apr 2022|Cash flows|31 Nlar 2023| |||||R| |Cash
Debt
Debt|at bank and in hand
due within one year
due after one year|620,581
(276,000)
(5,742,889)|(59,124)
80,000
365,168|561,457
(196,000)
(5,377,721)| |||(5,398,308)|388,044|(5,012,284)|