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





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|||||||2023|2022|
|---|---|---|---|---|---|---|---|
|||||Unrestricted|Restricted|Total|Total|
|||||fund|funds|funds|funds|
||||Notes||f|6|6|
|INCOME AND ENDOWMENTS||FROM||||||
|Donations<br>and legacies|||2|372,540|39,202|411,742|288,544|
|Investment<br>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<br>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<br>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|





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||||||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<br>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<br>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<br>funds|||||6,562,654||6,309,035|
|Restricted<br>funds|||||91,550||92,348|
|TOTAL FUNDS|||||6,654,204||6,401,383|





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





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||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<br>for:||||||||
||Depreciation<br>charges||||||19,271|16,890|
||Interest received||||||(3,680)|(693)|
||Gains on investments|||||||(30,000)|
||Decrease/(increase)<br>(Decrease)/increase||in debtors<br>in creditors||||579<br>~4,266|(105,357)<br>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|





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|2.|DONATIONS|DONATIONS|AND|LEGACIES|LEGACIES||||
|---|---|---|---|---|---|---|---|---|
||||||||2023<br>f|2022|
||Donations||||||411,742|288,544|
|3.|INVESTMENT||INCOME||||||
||||||||2023<br>f|2022<br>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<br>f|2022<br>F|
||Grants paid|to|Institution||||40,000||
||The total donations|||paid to institutions||during the year was as follows:|||
||||||||2023<br>f|2022<br>F|
||GNNSJ Birmingham||||||40,000||
||||||||40,000||





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|SUPPORT COSTS|||||
|---|---|---|---|---|
||||Governance||
||Management|Finance<br>6|costs<br>6|Totals<br>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<br>Costs|||5,040|5,040|
||194,077|3,238|19,549|216,864|



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|||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<br>monthly<br>number<br>ofemployees<br>d|uring the year was as follows:||
|---|---|---|---|
|||2023|2022|
|Support|staff|4|3|





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|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<br>and legacies|||260,060|28,484|288,544|
||Investment<br>income|||86,337||86,337|
||Total|||346,397|28,484|374,881|
||EXPENDITURE ON||||||
||Raising funds|||16,063||16,063|
||Charitable<br>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<br>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|





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|TANGIBLE FIXEDASSETS|||||
|---|---|---|---|---|
|||Improvements|Fixtures||
||Freehold|to|and||
||property<br>f|property|fittings<br>F|Totals<br>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|



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|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<br>6|2022<br>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|





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|Comparatives<br>for movement<br>in funds||||
|---|---|---|---|
|||Net||
|||movement|At|
||At 1.4.21|in funds|31.3.22<br>f|
|Unrestricted<br>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<br>net movement<br>in funds,<br>i|ncluded<br>in the above|are as follows:|||
|---|---|---|---|---|
||Incoming|Resources|Gains and|Movement|
||resources|expended|losses|in funds|
|||6||6|
|Unrestricted<br>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|



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