| CONTENTS | PAGE | PAGE | ||||||
|---|---|---|---|---|---|---|---|---|
| Executive | Committee | and | Trustees | annual | report | 1 | — 2 | |
| Auditor's | report | 3 | — 5 | |||||
| Statement | of financial | activites | ||||||
| Balance | sheet | |||||||
| Notes to | the financial | statements | 8 | — 14 | ||||
| Cash Flow |
15 | -16 |
| SRI GURU SINGH SABHA HOUNSLOW |
|---|
| CHARITY REGISTRATION NUMBER 283314 |
| STATEMENT OF FINANCIAL ACTIVITIES |
| FOR THE YEAR ENDED 31ST MARCH 2021 |
| NOTES | |||||
|---|---|---|---|---|---|
| TOTAL | TOTAL | ||||
| RESTRICTED | UNRESTRITED | ||||
| 2021 | 2020 | ||||
| INCOME AND EXPENDITURE |
|||||
| INCOMING RESOURCES |
|||||
| Golak and donations Gift Aid refund Investment income |
179,287 41,007 397 |
179,287 41,007 397 |
821,926 99,263 1.231 |
||
| Rental income Furlough wages grant |
33,055 55,870 |
33, 55, |
055 870 |
33,104 | |
| TOTAL INCOMING RESOURCES |
365,486 | 365, | 486 | 955,524 | |
| RESOURCES EXPENDED |
|||||
| Direct expenditure 3 Fundraising and publicity 3 Management and administration of the charity 3 |
308,255 5,774 145,930 |
308, 5, 145, |
255 774 930 |
618,075 6,839 171,319 |
|
| TOTAL RESOURCES EXPENDED |
459,959 | 459, | 959 | 794,115 | |
| NET INCOMING/(OUTGOING) RESOURCES FOR THE YEAR |
(94,473) | (94, | 473) | 159,291 | |
| Balance brought forward 1 April 2020 |
at | 6,139,376 5,980,088 | |||
| BALANCE CARRIED FORWARD |
AT | ||||
| 31 MARCH 2021 | 6,044, | 903 6,139,379 |
| SRI | SRI | GURU | GURU | SINGH | SABHA | SABHA | HOUNSLOW | HOUNSLOW | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| CHARITY | REGISTRATION | NUMBER | 283314 | ||||||||||||
| BALANCE | SHEET | ||||||||||||||
| AS | AT 31ST | MARCH | 2021 | ||||||||||||
| 2021 | 2020 | ||||||||||||||
| NOTES | |||||||||||||||
| FIXED ASSETS | |||||||||||||||
| Tangible fixed |
assets | 8 | 6, | 637,061 | 6,707,620 | ||||||||||
| CURRENT ASSETS |
|||||||||||||||
| Debtors and prepayments9 Cash at bank |
43,113 371.271 |
51,566 621,135 |
|||||||||||||
| 414, | 384 | 672,701 | |||||||||||||
| LIABILITIES: | |||||||||||||||
| Amounts falling within one year |
due | 10 | 242, | 489 | 310,819 | ||||||||||
| NET CURRENT ASSETS |
171,895 | 361,882 | |||||||||||||
| TOTAL ASSETS | LESS CURRENT | ||||||||||||||
| LIABILITIES | 6, | 808,956 | 7,069,502 | ||||||||||||
| CREDITORS Amounts falling than one year |
due | after more 11 |
764,053 | 930,123 | |||||||||||
| NET ASSETS | 6, | 044,903 | 6,139,379 | ||||||||||||
| FUNDS | |||||||||||||||
| Unrestricted funds Restricted funds |
12. | 6, | 044,903 | 6,139,379 | |||||||||||
| 6, | 044,903 | 6,139,379 | |||||||||||||
| The financial and signed on |
statements were approved their behalf by: |
on | behalf | of the | Executive | Committee | |||||||||
| &5,$i4nsa, | |||||||||||||||
| Mr. S.P. Sin | h | Mr. | G.S. | Dhanoa | DATED: 30.01.2022 | ||||||||||
| TREASURER | GENERAL | SECRETARY |
| SRI | GURU SINGH |
GURU SINGH |
SABHA | SABHA | HOUNSLOW | HOUNSLOW | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| CHARITY | REGISTRATION | NUMBER | 283314 | ||||||||||
| NOTES | TO | THE | ACCOUNTS | FOR | THE | YEAR | ENDED | ||||||
| 31ST MARCH | 2021 | ||||||||||||
| DONATIONS | AND GIFTS | ||||||||||||
| 2021 | 2020 | ||||||||||||
| Donations Gift Aid Grant from |
West | Thames | College | 169,683 41,007 9,604 |
811,294 99,263 10,632 |
||||||||
| 220, 294 | 921,189 |
| RESOURCES EXPENDED |
|||||
|---|---|---|---|---|---|
| RESTRICTED | UNRESTRICTED | TOTAL | TOTAL | ||
| FUNDS | FUNDS | 2021 | 2020 | ||
| Direct charitable e enditure |
|||||
| Educational expenses Ration Donations and siropa Water rates and council Cleaning expenses Insurance Light and heat Repairs and maintenance Magazine expenses Security services General expenses Transport and travelling Wages Religious expenses Vaisakhi and religious |
tax festivals |
900 10,053 8,466 15,974 15,409 7,174 33,558 61,401 151,240 4,080 |
900 10,053 8,466 15,974 15,409 7,174 33,558 61,401 151,240 4,080 |
14,784 85,869 12,995 15,599 22, 626 7,193 61,453 133,104 130 614 3,450 166,143 57,574 34,658 |
|
| 308,255 | 308,255 | 618,075 |
| 10 | ||||||||
|---|---|---|---|---|---|---|---|---|
| SRI GURU |
SINGH | SABHA | HOUNSLOW | |||||
| CHARITY REGISTRATION |
NUMBER | 283314 | ||||||
| NOTES TO THE |
ACCOUNTS | FOR | THE | YEAR ENDED |
||||
| 31ST MARCH | 2021 | |||||||
| Fundraisin and ublicit |
||||||||
| Advertising | 5,774 | 5,774 | 6,839 | |||||
| 5,774 | 5,774 | 6,839 | ||||||
| Mana ement and Administration ~th Ch 't Postage Professional fees Planning fees Printing and stationery Telephone Legal fees Bank charges and overdraft Motor expenses Rentals Depreciation charge Financial services Loan interest |
of interest |
1,487 6,288 450 2,018 1,366 464 70,559 1,597 61,701 |
1,487 6,288 450 2,018 1,366 464 70,559 1,597 61,701 |
2, 742 5,416 7,704 2, 704 1,250 3,402 946 1,347 70,559 2,118 72,517 |
||||
| 145,930 | 145,930 | 171,319 |
| 11 | ||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| SRI | GURU | SINGH | SABHA | HOUNSLOW | ||||||||||||||
| CHARITY | REGISTRATION | NUMBER | 283314 | |||||||||||||||
| NOTES | TO | THE | ACCOUNTS | FOR | THE | YEAR | ENDED | |||||||||||
| 31ST MARCH | 2021 | |||||||||||||||||
| EMPLOYEE | INFORMATION | 2021 | 2020 | |||||||||||||||
| 5.1 | Staff | costs: | ||||||||||||||||
| Wages Other |
and salaries pension costs |
149,188 2,052 |
166,143 2,497 |
|||||||||||||||
| 151,240 | 166,143 | |||||||||||||||||
| 5.2 | The average weekly year was made up as |
number of employees follows: |
during | the | No. | No. | ||||||||||||
| Employees | 14 | 15 | ||||||||||||||||
| 14 | 15 |
| 6. | INTEREST | RECEIVABLE | 2021 | 2020 |
|---|---|---|---|---|
| 6 | ||||
| Bank interest received |
397 | 1.231 | ||
| Other interest | ||||
| 397 | 1I231 | |||
| 7. | INTEREST | PAYABLE | 2021 | 2020 |
| On bank Finance |
loans service |
61,701 1,597 |
72,517 2,118 |
|
| f 63,298 | 6 74,635 |
| TANGIBLE FIXE |
D ASS | E | TS | TS | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Freehold | Fixtures | |||||||||
| Land ~b' 1d |
and 'o |
~f'tt. | and ' |
Library Books f |
Motor Vehicle |
Total f |
||||
| Cost: | ||||||||||
| At 1st April At 31st March |
2020 2021 |
& | 6,971,824 | 424, | 524 | 5, | 607 | 3,000 7,404, 955 | ||
| Depreciation: At 1st April 2020 Charge for year |
270, 69, |
648 718 |
420, | 523 | 3, | 364 841 |
2,800 | 697,335 70,559 |
||
| At 31st March | 2021 | 340, | 366 | 420, | 523 | 4, | 205 | 2,800 | 767,894 | |
| Net book value at | ||||||||||
| 31st March 2021 |
6,631,458 | 4, | 001 | 1,402 | 200 6,637,061 | |||||
| Net book value at |
||||||||||
| 31st March 2020 |
6,701, | 176 | 4, | 001 | 2, | 243 | 200 6,707,620 | |||
| DEBTORS | 2021f | 2020 | ||||||||
| Debtors | 38,695 | 46, 877 | ||||||||
| Prepayments | 4,418 | 4,689 | ||||||||
| 43,113 | 51,566 |
| 13 | |||||||
|---|---|---|---|---|---|---|---|
| SRI GURU SINGH |
SABHA | HOUNSLOW | |||||
| CHARITY REGISTRATION |
NUMBER | 283314 | |||||
| NOTES TO THE ACCOUNTS FOR |
THE | YEAR | ENDED | ||||
| 10. | 31ST MARCH CREDITORS — AMOUNTS FALLING DUE WITHZN ONE YEAR |
2021 | 2021 5 |
2020f | |||
| Bank loans and overdraft (see note 11.1) Trade creditors Other taxes and social security costs Other creditors Accruals |
227,610 (3) 10,034 4, 848 |
227, 622 61,281 10,210 1,603 10,103 |
|||||
| 242,489 | 310,819 | ||||||
| 11. | CREDITORS — AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2021f | 2020 | ||||
| Bank loans (see note 11.1) |
764,053 | 930,123 | |||||
| 764, 053 | 930,123 | ||||||
| 11.1 | The total amount of bank loans and |
||||||
| overdrafts was as follows: |
|||||||
| Falling due within one year: Bank overdraft |
|||||||
| Bank loan — current portion |
227,610 | 227, 622 | |||||
| Falling due after more than one repayable after five |
year: years |
764, 053 | 930,123 | ||||
| 764, 053 | 930,123 | ||||||
| Total bank borrowings |
991,663 | 1,157,745 | |||||
| The bank loans are The bank loans are secured on the repayable by 6 |
Freehold buildings. May 2026. |
| CASH FLOW STATEMENT |
FOR THE | FOR THE | YEAR | ENDED | ||
|---|---|---|---|---|---|---|
| 31ST MARCH | 2021 | |||||
| 2021 | 2020 | |||||
| Cash generated from operating activites: |
5 | |||||
| Net cash provided by(used in) operating activities — page 15 |
(84, | 188) | 285,960 | |||
| Cash flows from other sources |
||||||
| Dividends, interest and rents |
397 | 1 231 | ||||
| (83, | 791) | 287,191 | ||||
| Application of cash: |
||||||
| Purchase of fixed asset |
||||||
| Repayment of borrowing |
(166, | 070) | (155,662) | |||
| (166,070) | (155,662) | |||||
| Net increase/(decrease) in cash |
(249,864) | 131,529 | ||||
| Cash at bank and in hand less overdrafts |
||||||
| at the begining of the year — page |
16 | 621,135 | 489,606 | |||
| 371.271 | 621,135 |
| RECONCILATION OF NET INCOME (EXPENDITURE) |
RECONCILATION OF NET INCOME (EXPENDITURE) |
TO | NET | CASH FLOW |
FROM |
|---|---|---|---|---|---|
| OPERATING ACTIVITIES |
FOR THE | YEAR | ENDED | ||
| 31ST MARCH 2021 | |||||
| 2021 | 2020 | ||||
| Net income/(expenditure) (as per statement of financial activities) |
the | (94,473) | 159,291 | ||
| Adjustments for: |
|||||
| Depreciations charge Dividends, interest and rent (Increase)/decrease in debtors Increase/(decrease) in creditors |
70,559 (397) 8,453 (68,330) |
70,559 (1,231) 22, 013 35,328 |
|||
| Net cash provided by (used in) operating activitives |
(84,188) | 285,960 |
| A | NALYS | IS O |
F C |
ASH AT BANK AND I |
N HAND LESS OVERDRAFTS |
||
|---|---|---|---|---|---|---|---|
| 2021 f |
2020 | ||||||
| Cash | at | bank | and | in | hand | 371 271 | 621,135 |
| 371.271 | 621,135 |