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2023-03-31-accounts

CONTENTS Pages
Report ofthe Trustees 3to8
Trustees Responsibilities Statement
Report ofthe Independent Auditors 10to 13
Statement
of Financial Activities		 14
Balance Sheet 15
Cash flow Statement 16
Notes to the Financial Statements 18to 25

2023 2022
Unrestricted Restricted Total Total
fund funds funds funds
Notes f 6 6
INCOME AND ENDOWMENTS FROM
Donations
and legacies		 2 372,540 39,202 411,742 288,544
Investment
income		 3 101,030 101,030 86,337
Total 473,570 39,202 512,772 374,881
EXPENDITURE ON
Raising funds 3,087 3,087 16,063
Charitable
activities
Staff Costs 71,736 71,736 67,182
Premises Costs 59,859 59,859 54,812
Support Costs 76,991 76,991 57,902
Grants paid to Institution 40,000 40,000
Finance Costs 3,238 3,238 2,383
Governance
Costs		 5,040 5,040 4,230
Total 229902 00000 259,951 202,572
Net gains on investments 30,000
NET INCOME/(EXPENDITURE) 253,619 (798) 252,821 202,309
RECONCILIATION OF FUNDS
Total funds brought forward 6,309,035 92,348 6,401,383 6,199,074
TOTAL FUNDS CARRIED FORWARD 6,562,654 91,550 6,654,204 6,401,383

2023 2022
Unrestricted Restricted Total Total
fund funds funds funds
Notes f 6 E
FIXEDASSETS
Tangible assets 11 826,912 826,912 826,385
Investment
property		 12 4,103,500 4,103,500 4,103,500
4,930,412 4,930,412 4,929,885
CURRENT ASSETS
Debtors 13 22,413 91,550 113,963 114,542
Cash at bank and in hand 1,753,999 1,753,999 1,505,392
1,776,412 91,550 1,867,962 1,619,934
CREDITORS
Amounts
falling due within one year		 14 (144,170) (144,170) (148,436)
NET CURRENT ASSETS 1332,242 , 91 559 1723792 , 1,471,493,
TOTAL ASSETS LESSCURRENT
LIABILITIES 6,562,654 91,550 6,654,204 6,401,383
NET ASSETS 6,562,654 91,550 6,654,204 6,401,383
FUNDS 15
Unrestricted
funds		 6,562,654 6,309,035
Restricted
funds		 91,550 92,348
TOTAL FUNDS 6,654,204 6,401,383

2023 2022
Notes 6 F
Cash flows from operating activities
Cash generated
from operations		 1 264,725 215,668
Net cash provided by operating activities 264,725 215,668
Cash flows from investing activities
Purchase oftangible
fixed assets		 (19,798) (6,740)
Purchase of investment
property		 (450,000)
Sale of investment property 181,500
Interest received 3,680 693
Net cash used
in		 investing activities ~)6,118) ~274,847)
Change
in cash		 and cash equivalents
in the reporting period 248,607 (58,879)
Cash and cash equivalents at the
beginning
ofthe		 reporting period 1,505,392 1,564,271
Cash and cash equivalents at the end
ofthe reporting period 1,753,999 1,505,392

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
2023 2022
6
Net Income forthe reporting period (as per the Statement of
Financial Activities) 252,821 202,309
Adjustments
for:
Depreciation
charges		 19,271 16,890
Interest received (3,680) (693)
Gains on investments (30,000)
Decrease/(increase)
(Decrease)/increase		 in debtors
in creditors		 579
~4,266		 (105,357)
132,519
Net cash provided by operations 264,725 215,668
2. ANALYSIS OF CHANGES IN NET FUNDS
At 1.4.22 Cash flow At 31.3.23
6
Net cash
Cash at bank and in hand 1,505,392 248,607 1,753,999
1,505,392 248,607 1,753,999
Total 1,505,392 248,607 1,753,999

2. DONATIONS DONATIONS AND LEGACIES LEGACIES
2023
f		 2022
Donations 411,742 288,544
3. INVESTMENT INCOME
2023
f		 2022
f
Rents received 97,350 85,644
Deposit account interest 3,680 693
101,030 86,337
4. RAISING FUNDS
Investment management costs
2023 2022
f
Investment property costs - rental sites 3,087 16,063
5. CHARITABLE ACTIVITIES COSTS
Grant
funding of
activities Support
(see note costs (see
6) note 7) Totals
F.
Staff Costs 71,736 71,736
Premises Costs 59,859 59,859
Support Costs 76,991 76,991
Grants paid to Institution 40,000 40,000
Finance Costs 3,238 3,238
Governance Costs 5,040 5,040
40,000 216,864 256,864
6. GRANTS PAYABLE
2023
f		 2022
F
Grants paid to Institution 40,000
The total donations paid to institutions during the year was as follows:
2023
f		 2022
F
GNNSJ Birmingham 40,000
40,000

SUPPORT COSTS
Governance
Management Finance
6		 costs
6		 Totals
f
Staff Costs 71,736 71,736
Premises Costs 59,859 59,859
Support Costs 62,482 14,509 76,991
Finance Costs 3,238 3,238
Governance
Costs		 5,040 5,040
194,077 3,238 19,549 216,864

2023 2022
6 F
Wages and salaries 70,498 64,961
Social security costs 896
Other pension costs 1,238 1,325
71,736 67,182
The ave rage
monthly
number
ofemployees
d		 uring the year was as follows:
2023 2022
Support staff 4 3

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 funds funds
F 6
INCOME AND ENDOWMENTS FROM
Donations
and legacies		 260,060 28,484 288,544
Investment
income		 86,337 86,337
Total 346,397 28,484 374,881
EXPENDITURE ON
Raising funds 16,063 16,063
Charitable
activities
Staff Costs 67,182 67,182
Premises Costs 54,812 54,812
Support Costs 57,902 57,902
Finance Costs 2,383 2,383
Governance
Costs		 4,230 4,230
Total 202,572 202,572
Net gains on investments 30,000 30,000
NET INCOME 173,825 28,484 202,309
RECONCILIATION OF FUNDS
Total funds brought forward 6,135,210 63,864 6,199,074
TOTAL FUNDS CARRIED FORWARD 6,309,035 92,348 6,401,383

TANGIBLE FIXEDASSETS
Improvements Fixtures
Freehold to and
property
f		 property fittings
F		 Totals
f
COST
At 1 April 2022 750,000 147,865 36,362 934,227
Additions 19,798 19,798
At 31 March 2023 750,000 147,865 56,160 954,025
DEPRECIATION
At 1 April 2022 69,445 21,342 17,055 107,842
Charge for year 7,500 2,957 8,814 19,271
At 31 March 2023 76,945 24,299 25,869 127,113
NET BOOK VALUE
At 31 March 2023 673,055 123,566 30,291 826,912
At 31 March 2022 680,555 126,523 19,307 826,385

INVESTMENT PROPERTY INVESTMENT PROPERTY
FAIR VALUE
At 1 April 2022
and 31 March 2023 4,103,500
NET BOOK VALUE
At 31 March 2023 4,103,500
At 31 March 2022 4,103,500
Fair value at 31 March 2023 is represented by:
6
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
4,103,500
13. DEBTORS:AMOUNTS DEBTORS:AMOUNTS FALLING DUE WITHIN ONE YEAR FALLING DUE WITHIN ONE YEAR FALLING DUE WITHIN ONE YEAR
2023 2022
6
Other debtors 113,963 114,542
14. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023
6		 2022
f
Taxation and social security 746 416
Other creditors 143,424 148,020
144,170 148,436
15. MOVEMENT IN FUNDS
Net
movement At
At 1.4.22 in funds 31.3.23
f 6
Unrestricted funds
General fund 6,309,035 253,619 6,562,654
Restricted funds
Kar Sewa Patna Sahib Project 92,348 (798) 91,550
TOTAL FUNDS 6,401,383 252,821 6,654,204
Net movement in funds, included in the above are as follows:
Incoming Resources Movement
resources expended in funds
Unrestricted funds
General fund 473,570 (219,951) 253,619
Restricted funds
Kar Sewa Patna Sahib Project 39,202 (40,000) (798)
TOTAL FUNDS 512,772 ~259,951) 252,821

Comparatives
for movement
in funds
Net
movement At
At 1.4.21 in funds 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
Comparative
net movement
in funds,
i		 ncluded
in the above		 are as follows:
Incoming Resources Gains and Movement
resources expended losses in funds
6 6
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 (202,572) 30,000 202,309