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2021-03-31-accounts

Report ofthe Trustees 1 to 2
Independent
Examiner's
Report
Statement ofFinancial Activities
Balance Sheet 5 to 6
Notes to the Financial Statements 7 to 10
Detailed Statement of Financial Activities 11 to 12

for the Year End ed 31March 2021
31.3.21 31.3.20
Um estricted Restricted Total Total
fund fund funds funds
Notes f
INCOME AND ENDOWMENTS FROM
Donations
and legacies		 49,108 49,108 716
Other trading activities 73,566 73,566 101,850
Investment
income		 6,000 6,000 8,873
Other income 201,185 201,185
Total 329,859 329,859 111,439
EXPENDITURE ON
Raising funds 322 322 2,062
Charitable
activities
Charity 118,437 118,437 108,316
Governance
costs		 14,195 14)195 13,571
Total 132,954 132,954 123,949
Net gains/(losses) on investments (1,520) (1,520) (2,400)
NET INCOME/(EXPENDITURE) 195,385 195,385 (14,910)
RECONCILIATION OF FUNDS
Total funds brought forward 1,005,433 1,005,433 1,020,343
TOTAL FUNDS CARRIED FORWARD 1,200,818 1,200,818 1,005,433
Balance Sheet
31March 2021
31.3.21 31.3.20
Unrestricted Restricted Total Total
fund fund funds funds
Notes f f
FIXEDASSETS
Tangible assets 454,344 454,344 459,027
Investments 90,285 90,285 91,805
544,629 544,629 550,832
CURRENT ASSETS
Prepayments
and accrued income		 3&410 3,410 539
Cash at bank and in hand 661,786 661,786 549,394
665,196 665)196 549,933
CREDITORS
Amounts
falling due within one year		 10 (9,007) (9,007) (95,332)
NET CURRENT ASSETS 656,189 656,189 454,601
TOTAL ASSETSLESSCURRENT
LIABILITIES 1,200,818 1,200,818 1,005,433
NET ASSETS 1,200)818 1,200,818 1,005,433
FUNDS
Unreshdcted
funds		 1,200,818 1,005,433
TOTAL FUNDS 1,200,818 1,005,433

Notes to the Financial Statements Notes to the Financial Statements -continued -continued
for the Year Ended 31 March 2021
3. INVESTMENT INCOME
31.3.21 31.3.20
Investment
income		 3,517 3,842
Deposit account interest 2,483 5,031
6,000 8,873
4. NET INCOME/(EXPENDITURE)
Nct income/(expenditure)
is		 stated atter charging/(crediting):
31.3.21 31.3.20
Depreciation
- owned assets		 13,322 498
5. TRUSTEES' REMUNERATION AND BENEFITS

The average monthly
number ofem		 ployees
during the year was as f		 ollows:
31.3.21 31.3.20
Staff 2 2
No employees
received emoluments		 in excess off60,000.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted Restricted Total
fund fund fundsf
INCOME AND ENDOWMENTS FROM
Donations and legacies 716 716
Other trading activities 101,850 101,850
Investment income 8,873 8,873
Total 111,439 111,439
EXPENDITURE ON
Raising funds 2,062 2,062
Charitable activities
Charity
Governance		 costs 108,316
13,571		 108,316
13,571
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES -continued COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES -continued COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES -continued COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES -continued COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES -continued
Unrestricted Restricted Total
fund fund funds
Total 123,949 123,949
Net gains/(losses) on investments (2,400) (2,400)
NKT INCOME/(EXPENDITURE) (14,910) (14,910)
RECONCILIATION OF FUNDS
Total funds brought forward 1,020,343 1,020,343
TOTAL FUNDS CARRIED FORWARD 1,005,433 1,005,433
8. TANGIBLE FIXED ASSETS
Fixtures
Freehold and
property fittings Totals
COST
At I April 2020 557,016 23,119 580,135
Additions 8,639 8,639
At 31March 2021 557,016 31,758 588,774
DEPRECIATION
At 1 April 2020 100462 20,846 121,108
Charge for year 6,684 6,638 13,322
At 31March 2021 106,946 27)484 134,430
NKT BOOK VALUE
At 31March 2021 450,070 4,274 454,344
At 31 March 2020 456,754 2,273 459,027

9. FIXEDASSETINVES TMENTS
Unlisted
investments
MARKET VALUE
At I April 2020
Revaluations		 91)805
(1,520)
At 31 March 2021 90,285
NKT BOOK VALUE
At 31 March 2021 90/85
At 31 March 2020 91,805
There were no investment assets outside the UK.
10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.21 31.3.20
f
Trade creditors (I)
Amounts
owed to group		 undertakings 84,126
Other creditors 6,257 6,257
Accrued expenses 2,750 4,950
9,007 95,332
11. MOVEMENT
hV FUNDS
11. MOVEMENT
hV FUNDS
Within the general fund two amounts have been designated by the trustees for specific purposes:
2021 2020
Sangat Centre Building Fund 348,623 348,623
Building maintenance 35,740 50,000
12. RELATED PARTY DISCLOSURES

for thc Year E n ded 31March 2021
31.3.21 31.3.20
INCOME AND ENDOWMENTS
Donations
and		 legacies
Gills (3) 1
Donations 560 715
Grants 48,551
49,108 716
Other trading activities
Hire ofHall 3,910
Fees 73,566 97,940
73,566 101,850
Investment
income
Investment
income		 3,517 3,842
Deposit account interest 2,483 5,031
6,000 8,873
Other income
Sundry Income 300
Income from Sangat A Centre 200,885
201,185
Total incoming resources 329&859 111,439
EXPENDITURE
Raising donations and legacies
Hall Hire 322 1,662
Donations 400
322 2,062
Charitable
activities
Wages 76,683 76,683
Social security 4,158 5,201
Postage and stationery 2,053 3,717
Yoga Class Cost 510 3,020
Social Activities 395 8,305
83,799 96,926
Support costs
Management
Rates and water 532 241
Carried forward 532 241

for the Year Ended 3 1Ma rch 2021
31.3.21 31.3.20
f
Management
Brought forward 532 241
Insurance 1,551 1,275
Light and heat 3,415 2,368
Telephone 1,375
Sundries 241 178
Cleaning 1&980 2,911
Repairs and Renewals 2,174 1,923
Subscriptions 492
Building
Maintenance		 cost 14,260
25,528 9,388
Finance
Bank charges 2 2
Credit Card Charges 1,424 1,500
1,426 1,502
Other
Travel and Subsistence 1&000 500
Governance
costs
Accountancy
fees		 1,750 1,950
Legal fees 1,290 1,290
Secretarial seivices 10,625 9,685
Computer
and Consumable		 Cost 148
Freehold property 6&684
Fixtures and fittings 530 498
20,879 13,571
Total resources expended 132,954 123,949
Net income/(expenditure) before gains and
losses 196,905 (12,510)
Realised recognised gains and losses
Realised gains/(losses) on fixed asset investments (1,520) (2,400)
Net income/(expenditure) 195,385 (14,910)