| Financial Statements | forthe Year ended 28 February 2021 | |
|---|---|---|
| Page | ||
| Report ofthe Trustees | 2-6 | |
| Report ofthe Independent Auditors |
7-9 | |
| Statement of Financial | Activities | 10 |
| Balance Sheet | ||
| Notes tothe Financial | Statements | 12-15 |
| Note | Total | ||
|---|---|---|---|
| General | Funds | ||
| Fund | 2020 | ||
| E | E | ||
| INCOME and ENDOWMENTS | |||
| Donations and legacies |
92,425 | 289,839 | |
| Other Income | 13,794 | 17,072 | |
| TOTAL INCOME | 106,219 | 306,911 | |
| EXPENDITURE | |||
| Charitable activities |
198,728 | 243,505 | |
| Fund raising | 160 | ||
| Governance costs |
1,915 | 4,274 | |
| TOTAL EXPENDITURE | 200,643 | 247,939 | |
| Operating (Deficit) Surplus forthe year |
(94,424) | 58,972 ' | |
| Net Gains on Investments | 840,000 | ||
| ItETINCOME/(EXPENDITURE) | 745,576 | 58,972 | |
| NET MOVEMENT IN FUNDS |
745,576 | 58,972 | |
| RECONCILIATION OF FUNDS |
|||
| Total funds brought forward | 3,063,873 | 3,004,901 | |
| Total Funds carried forward | 3,809,449 | 3,063,873 |
| General | General | |||
|---|---|---|---|---|
| Fund | Fund | |||
| 2020 | ||||
| E | ||||
| FIXEDASSETS | ||||
| Tangible assets | 9 | 2,247,488 | 2,684,926 | |
| Investments | 10 | 1,275,000 | ||
| Totalfwed assets | 3,522,488 | 2,684,926 | ||
| CURRENT ASSETS | ||||
| Debtors | 5,056 | 4,186 | ||
| Cash at bank and in | hand | 286,232 | 380,684 | |
| Total current ossers | 291,288 | 384,870 | ||
| UABIUTIES | ||||
| Creditors: Amounts | falling due within | |||
| one year | 12 | (4,327) | (5,923) | |
| NEI' CURRENT ASSETS | 286,961 | 378,947 | ||
| TOTAL ASSETS LESS | CURRENT LIABILIllES | 3,809.449 | 3,063,873 | |
| TOTAL NET ASSETS | 3,809,449 | 3,063,873 | ||
| FUNDS | ||||
| Unrestricted funds |
3,809,449 | 3,063,873 | ||
| TOTALFUNDS | 3,809,449 | 3,063,873 |
| 2021 | 2020 | |||
|---|---|---|---|---|
| f | E | |||
| DONATIONS | AND LEGACIES | |||
| Donations | 92,425 | 289,839 | ||
| 92,425 | 289,839 | |||
| OTHER INCOME | ||||
| COV1D-19 CIRS Government | grants | 9,616 | ||
| Rental income | 1,588 | 14,847 | ||
| Interest | 2,590 | 2,225 | ||
| 13,794 | 17,072 | |||
| CHARITABLE | ACTIVITIES | |||
| Worship costs | 73,299 | 98,129 | ||
| Subscriptions | and donations | 800 | 2,250 | |
| Food and vegetables | 11,154 | 22,948 | ||
| Kitchen utensils | 311 | 5,512 | ||
| Panjabi and | music schon! | 1,385 | 7,150 | |
| Unpaid cheques/refunds | 250 | 1,000 | ||
| Telephone | 3,279 | 3,310 | ||
| Postage and | stationery | 148 | 1,118 | |
| Laundryand | deaning | 2,868 | 11,103 | |
| Repairs and | maintenance | 33,855 | 17,701 | |
| Sundry expenses | 419 | 61 | ||
| Water rates | and council tax | 13,320 | 9,869 | |
| Insurance | 7,441 | 10,816 | ||
| Ught and Heat | 46,373 | 44,366 | ||
| Depreciation | 3,826 | 8,172 | ||
| 198,728 | 243,505 |
| INVESTMENT | PROPERTY | |
|---|---|---|
| VALUATION | ||
| Transfer | 435,000 | |
| Revaluation | 840,000 | |
| 1,275,000 |
| 2021 | 2020 | |||
|---|---|---|---|---|
| E | 6 | |||
| 11 | CURRENT ASSETS | |||
| Prepayments | 4,125 | 4,186 | ||
| Other debtors | 931 | |||
| 5,056 | 4,186 | |||
| 12 | CREDITORS: AMOUNTS FALUNG DUE WITHIN ONE YEAR | |||
| Tax | 1,713 ' | |||
| Other creditors | 4,327 | 4,210 | ||
| 4,327 | 5,923 | |||
| 13 | SUMMARY OF FUND MOVEMENT | |||
| General | ||||
| Fund | ||||
| E | ||||
| Balance at 1March 2020 | 3,063,873 | |||
| income | 946,219 | |||
| Expenditure | (200,643) | |||
| Balance at 28 February 2021 | 3,809,449 |
| 2021 | 2020 | |||
|---|---|---|---|---|
| E | E | |||
| H 5Rooprai | 10,054 | |||
| H 5Builders | - ivir 5Bharji | 2,952 | 312 | |
| Aromabath | -MrI5)andoo | 2,692 | 1,057 | |
| H 5Sira | 683 | |||
| 5 5jandu | 620 | |||
| G 5Bhambra | 304 | |||
| K5Panesar | 160 | |||
| Security Alarms | 1,872 | |||
| -Ali amounts were paid during the year. |
| Total | Total | |
|---|---|---|
| 2021 | 2020 | |
| f | f | |
| Income | ||
| Volunfary Sources Donations |
56,002 | 153,668 |
| Golak | 36,423 | 134,204 |
| Rent | 1,588 | 14,847 |
| Punjabi school Sundry deposits Invesbnent income |
2,590 | 1,485 482 2,225 |
| Government Grant |
9,616 | |
| Exceptional item -Gain on revaluation |
840,000 | |
| Total income | 946,219 | 306,911 |
| Expenditure Wages Panjabi and music school Kirtan bhet and siropaos Subscriptions and donations Food and vegetables Unpaid cheques/refunds Telephone Posiage and stationery Laundry and deaning Repairs and maintenance Sundry expenses Legal and professional Water rates and council tax |
73,025 1,385 274 800 11,154 250 3,279 148 2,868 33,855 419 715 13,320 |
95,109 7,150 3,020 2,250 22,948 1,000 3,310 1,118 11,103 17,701 61 1,674 9,869 |
| Insurance | 7,441 | 10,816 |
| Light and Heat | 46,373 | 44,366 |
| Bank Charges Depreciation Audit Fees |
3,826 1,200 |
8,172 1,200 |
| Equipment maintenance HMRC penalbes |
200,643 | 1,400 247,939 |
| Net Nfovement in Funds |
745,576 | 58,972 |