2022-03-31-accounts

CONTENTS		Pages
Report ofthe Trustees		3to 7
Trustees Responsibilities	Statement
Report of the Independent	Auditors	9to12
Statement of Financial Activities		13
Balance Sheet		14
Cash flow Statement		15
Notes to the Financial Statements		16to 24

						2022	2021
				Unrestricted	Restricted	Total	Total
				fund	funds	funds	funds
			Notes	f	8	6	6
INCOME AND ENDOWMENTS		FROM
Donations and legacies			2	260,060	28,484	288,544	142,463
Investment income			3	86,337		86,337	69,616
Total				346,397	28,484	374,881	212,079
EXPENDITURE ON
Raising funds				16,063		16,063	7,752
Charitable activities
Staff Costs				67,182		67,182	88,521
Premises Costs				54,812		54,812	17,505
Support Costs				57,902		57,902	57,344
Grants paid to Institution							101,000
Finance Costs				2,383		2,383	1,271
Governance Costs				4,230		4,230	4,230
Total				202,572		202,572	277,623
Net gains on investments				30,000		30,000	506,936
NET INCOME				173,825	28,484	202,309	441,392
RECONCILIATION	OF FUNDS
Total funds brought	forward			6,135,210	63,864	6,199,074	5,757,682
TOTAL FUNDS CARRIED FORWARD				6,309,035	92,348	6,401,383	6,199,074

				2022	2021
		Unrestricted	Restricted	Total	Total
		fund	funds	funds	funds
	Notes	f	8	6	E
FIXEDASSETS
Tangible assets	11	826,385		826,385	836,535
Investment property	12	4,103,500		4,103,500	3,805,000
		4,929,885		4,929,885	4,641,535
CURRENT ASSETS
Debtors	13	22,194	92,348	114,542	9,185
Cash at bank and in hand		1,505,392		1,505,392	1,564,271
		1,527,586	92,348	1,619,934	1,573,456
CREDITORS
Amounts falling due within one year	14	(148,436)		(148,436)	(15,917)
NET CURRENT ASSETS		1,379,150	92,348	1,471,498	1,557,539
TOTAL ASSETSLESSCURRENT
LIABILITIES		6,309,035	92,348	6,401,383	6,199,074
NET ASSETS		6,309,035	92,348	6,401,383	6,199,074
FUNDS	15
Unrestricted funds				6,309,035	6,135,210
Restricted funds TOTAL FUNDS				92,348 6,461,363	63,864 6,199914.

RECONCILIATION	OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES	OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES	OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES	OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES	OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES	OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES
					2022	2021
						5
Net income for the	reporting		period (as per the	Statement of
Financial Activities)					202,309	441,392
Adjustments for:
Depreciation charges					16,890	13,740
Interest received					(693)	(2,214)
Gains on investments					(30,000)	(506,936)
(Increase)/decrease Increase/(decrease)	in debtors in creditors				(105,357) 132,519	128,675 ~9,160
Net cash provided	by operations				215,668	65,497
ANALYSIS OF CHANGES		IN	NET FUNDS
				At 1.4.21	Cash flow	At 31.3.22
				6	f	6
Net cash
Cash at bank and in	hand			1,564,271	58,879	1,505,392
				1,564,271	~00,079	1,00~,392
Total				1,564,271	~08,879	1,005,392

2,	DONATIONS	DONATIONS	AND	AND	LEGACIES	LEGACIES
									2022		2021
									6		E
	Donations								288,544		142,463
3.	INVESTMENT			INCOME
									2022 f		2021 8
	Rents received								85,644		67,402
	Deposit account interest									693	~2214
									86,337		69,616
4.	RAISING FUNDS
	Investment		management costs
									2022		2021
									8
	Investment	property				costs - rental sites			16,063		14,097
	Impairment	losses									~6,345)
									16,063		7 752
6.	CHARITABLE			ACTIVITIES COSTS
											Support
											costs (see
											note 7)
											E
	Staff Costs										67,182
	Premises Costs										54,812
	Support Costs										57,902
	Finance Costs										2,383
	Governance		Costs								4,230
											186,509
8.	DONATIONS		PAID
									2022		2021
									E		E
	Donations	paid		to Institutions							101,000
	The total donations				paid to institutions		during	the year was as follows:
									2022		2021
	Other										1,000
	Guru Nanak		Nishkam			Sewak Jatha (Leeds)					100,000
											101,000

SUPPORT COSTS
			Governance
	Management 6	Finance f	costs f	Totals 6
Staff Costs	67,182			67,182
Premises Costs	54,812			54,812
Support Costs	48,959		8,943	57,902
Finance Costs		2,383		2,383
Governance Costs			4,230	4,230
	170,953	2,383	13,173	186,509

		2022	2021
		6
Wages	and salaries	64,961	84,666
Social	security costs	896	2,188
Other	pension costs	1,325	1,667
		67,182	88,521

		2022	2021
Support	staff	3	5

10.	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
				Unrestricted	Restricted	Total
				fund 8	funds 8	fundsf
	INCOME AND ENDOWMENTS		FROM
	Donations and legacies			125,607	16,856	142,463
	Investment income			69,616		69,616
	Total			195,223	16,856	212,079
	EXPENDITURE ON
	Raising funds			7,752		7,752
	Charitable activities
	Staff Costs			88,521		88,521
	Premises Costs			17,505		17,505
	Support Costs			57,344		57,344
	Grants paid to Institution			101,000		101,000
	Finance Costs			1,271		1,271
	Governance Costs			4,230		4,230
	Total			277,623		277,623
	Net gains on investments			506,936		506,936
	NET INCOME			424,536	16,856	441,392
	RECONCILIATION	OF FUNDS
	Total funds brought	forward		5,710,674	47,008	5,757,682
	TOTAL FUNDS CARRIED FORWARD			6,135,210	63,664	6,199,674

TANGIBLE FIXEDASSETS
		Improvements	Fixtures
	Freehold	to	and
	property 8	property 8	fittings 8	Totals f
COST
At 1 Apdil 2021	750,000	147,865	29,622	927,487
Additions			6,740	6,740
At 31 March 2022	750,000	147,865	36,362	934,227
DEPRECIATION
At 1 April 2021	61,945	18,385	10,622	90,952
Charge for year	7,500	2,957	6,433	16,890
At 31 March 2022	69,445	21,342	17,055	107,842
NET BOOK VALUE
At 31 March 2022	680,555	126,523	19,307	826,385
At 31 March 2021	688,055	129,480	19,000	836,535

FAIR VALUE	FAIR VALUE
At 1 April	2021		3,805,000
Additions			450,000
Disposals			(181,500)
Revaluation			30,000
At 31 March 2022			4,103,500
NET BOOK VALUE
At 31 March 2022			4,103,500
At 31 March 2021			3,805,000
Fair value	at 31 March 2022 is represented	by:
Valuation	in 2015		554,080
Valuation	in 2017		435,000
Valuation	in 2018		390,000
Valuation	in 2021		506,936
Valuation	in 2022		30,000
Cost			2,187,484
			4,103,5DD

13.	DEBTORS: AMOUNTS	FALLING	FALLING	DUE WITHIN ONE YEAR	DUE WITHIN ONE YEAR
							2022	2021
							5	f
	Other debtors						114,542	9,185
14.	CREDITORS: AMOUNTS		FALLING DUE WITHIN ONE		YEAR
							2022	2021
							6	6
	Taxation and social secudty						416	1,027
	Other creditors						148,020	14,890
							148,436	15,917
15.	MOVEMENT IN FUNDS
							Net
							movement	At
					At	1.4.21 f	in funds F	31.3.22 f
	Unrestricted funds
	General fund				6,135,210		173,825	6,309,035
	Restricted funds
	Kar Sewa Patna Sahib Project				63,864		28,484	92,348
	TOTAL FUNDS				6,199,074		202,309	6,401,383
	Net movement in funds.	included		in the above are as follows:
				Incoming	Resources		Gains and	Movement
				resources	expended		losses	in funds
				8		6	6	E
	Unrestricted funds
	General fund			346,397	(202,572)		30,000	173,825
	Restricted funds
	Kar Sewa Patna Sahib Project			28,484				28,484
	TOTAL FUNDS			374,881	j202,572)		30,000	202,309

Compar	atives	for movement in funds
				Net
				movement	At
			At 1.4.20	in funds	31.3.21
			6	f	5
Unrestricted		funds
General	fund		5,710,674	424,536	6,135,210
Restricted funds
Kar Sewa Patna Sahib Project			47,008	16,856	63,864
TOTAL	FUNDS		5,757,682	441,392	6,199,074

Comparative net movement in funds, i	ncluded in the above	are as follows:
	Incoming	Resources	Gains and	Movement
	resources f	expended 8	losses 6	in funds 6
Unrestricted funds
General fund	195,223	(277,623)	506,936	424,536
Restricted funds
Kar Sewa Patna Sahib Project	16,856			16,856
TOTAL FUNDS	212,079	~277,623)	506,936	441,392