I GISTERED CHÈUUTY NUMBEI R: 503029 Drl of the Tr st Audlted Fln ements for the Year Ende 5 A rll 2024 for Thapers Limkted Chartered Accountants Harpal Hoiise 14 Holyhead Road H4andsworth Birnijujanj Webl Midhnds B21 OLT
Contents of th¢ FlnantlAI StAtenients FOR TH£1 YKAR ENDLI D 5 APRIL 2024 Page Repoi't of tlie Trnstees Report oftlie Independent Auditors StAtcmellt olFinAn¢iAI Actlvltle$ BAlanc¢ Sheet io Casli Flow SkntemeAt li Noles to the Cash Flow StRtement 12 Notes to Ihe Fln8nelg1 Statements 13 to 18 D¢talled Statement of Flnaneknl Actlvltles 19
ort of tbe Th'usters FOR THE YEAR ENDED 5 APRTL 2024 The Istee5 present Iheir Tq)Ort wilh tlK finan¢ial stat¢m¢nls of the charity for the year ended 5 Apiil 2024. The liuslees have adopted the provisions of Accoiinliiig and Reporting by Charities: Staienleiit of Recoinmended Practice applicable to Chariti PTeparing th¢ir accounts In accordance with Ihe Financlal Repoiting SlandaNI applicabl¢ in the UK and Republic of Ireland (FRS 102) (effective l JaiJiiary 2019). OBJECTIVEI S AND ACTIVITIES Objective5 alld acttvitles Tlie objects of the Mission is to afford a genuine effort to unite mankind for the good of hun]8nity and Ilie proniotioii of r¢sponsibl¢ living itt society having high regails for all lIgIOnS and belief system& Tliv aiins of Ilic Mission ar¢: . The advwicen)eiil of religion in accordance ivtlh the teachiiigs ofihe Mission b. To conduct any chArilable pUoseS as dccidcd by the Execuliye Body of tl)c Mandal Iii fiirtl)erance of the aforesaid objects and nol otherwis6, to pron)ol¢ and spread the iiiessage of fi'ateniity and univeiEal brolherliood among all hwnan being Irr¢5clIVe of their co10i, creed, caste, rac4 religAon or nationality based on tlie fatlierhood of one Almigl)ty God, and coiiduct programs and ineelings for iiiforniing ibe piiblic about God and about tlie Maiidal's funclion and puOSe, which are to be achieved by Aneai)s of: C-i holdi1 daily, weekly, Inonlhly, quarterly. half yearly, and ywly I¢¢11[ througbout Ibe United Kingdoin Publishillg and dislribuling Ibe Mission's magazi1. leaflets, bills, letters and other materiRI ivithout makinb haig¢ in a¢wrdauG¢ wiib the rrsponsibilities given to the volunle¢rs ofthe Mission by Ihe Executive Body. C-iii Use of Interjjel and media facililies lo publici5e and inforni the aciivities of ihe Mi8sioAi locally. nationally and globally in accoi'dance widi tlie ttsponsibilities given to volunteers of the Mission by Ihe Execu(iv¢ Body. d. To organize and operate allied inslitutioils for the beneftt of the public iii general and for the niembers of tlic Sant Nirankari Mission in particular. To adininister funds of Ilie Mandal, to co-ordinate the succe5sfi)l and efficient operation of th¢ Mandal aiid of any ullits which form the part of the Mandal, and lo u]ftnage assets Vest in and belonging lo the Mandal alld ils eoinpon¢nt iiiuts. f. To provide for Ilie acconiniodalioll if needed for the mi&siollaries of the EanT7tiOl] from withirt the UK and abroad wliile Iliey are cai'rying on d)e Mandal's work Én tlie United Kingdom. g. To do illl such other things as thall be necessary for ÉlJ¢ attaii)n*nt of tbe aforesaid aims and objectives. ACHIEVEMENT AND PERFORMAIYCE Chai'itable activities With tlie direclioii and approval of Her Holiness Satgiirn Mata Sudiksha Ji Maharnj, sev¢tal woj¢¢ts continu¢ to be cai'ried out for tlie wellbeing of menibers of tlie Mission 2nd piiblic at larg¢. Saiigat (Congregalkon) in Ei)gltsh and other languages to increase away]esS of the Mission's message of Uiiity in Diversily held in branches throiigliout the UK Spii'itual, social, and culthrnl events tliat support peace wid harniry in lin¢ with th¢ Missioii's philosophys as ivell as cultural 't dELd drama alld sporting aclivitics ' Promotion ofinterfailh networking and social cohesion. ' Social gatherings tliat include cooking, yoga, ii)edilalion, and dicl adviLe. ' Adopt environnientally friendly changes. such as recyclillg faciliti and LED lighting. Blood donation aiid Ttee Planlalion dLives Support chai'ilabl¢ activilie5 such as canr researcl) or gtving aid to victims of nattirnl disasters aijd proinoting FINANCIAL RLVIEW Pi'lneipal fiindlng sourees Tlie Malldal is rcliant on voluntary donalions from 2nembu%. The budg¢lary control, approvak systenis, itilei'nal aiidits and iEgiilar ov¢rsee by the execulives in charge of their specific areas ensiii'es the ivell inanagemeiils of the Cllarity's funds. Reserves poliey All fuiids are unresli'icled fvnds" and there is no specific level of expenditvre earnifti'ked and lield in reserv&8 foi. the pi'csenl or in the fvture., Tlie trustc¢s' decision to acquiro a land or building is dq)endent on the needs alld i¢quiremeiils of Ilie coiigregalions and fund5 available. Page I
ort of the Ti'u5tees FOR THE YEAR ENDED 5 APRIL 20 FUTURE PLANS Satgvm is mind1 of th¢ potential devastation ¢urr¢ntly being caiised in the name of religion all over the world. No Couiihy app¢ars lo have escaped from such intolerance aThJ conflic1& WÉth this in Inind Her Holiness has beeii ts7velii)g ¢xl¢nsively in 11)¢se troiibled liiiies to proinole peac4 1]unl unity, frateniity, tolerdnc¢ attd the con¢epl "unity in divei'sity" To encoui?ge Iiarmony and peacefvl coexistence amoiig people of all religioiis and varied beliefs, IIIG Executive Body and all branches in Ilie UK sliall conlillue lo arrdllge regular eelingS al the local level with otlier faitlis Inc0YO1&1lng iiieiiibers at the sSrOotS level. Witl) Ilie in¢re&sing niemberghipj th¢ Exe¢ulive Body will invesligale increasÉng sealing capacity ill all Bhawans (pla¢¢5 of worship) in the United Kingdom where practical and purchase or Jniydify the buildiiigs as necessaiy. STRUCTUREI, COVERNANCE AND MANAGEMENT Goveyiiing (loeument The Sanl Nll'ankari Mandal U.K" also known as Sant Nirnt)kari Mission and som¢lim¢s reFred to as SNM UK or sin)ply as Mandal or Mission and oft) described, as the Universal BTOtherbood Ivas constituted linder a trugl dced dated 31'd Febw 1974 and is a regiSted charity. number 503029. The Supi'ctne Head ajid thc Splritual Guide of the Missionlmandal is Her Holine&8 SatgU Mata Sudiksha Ji Maliaiaj liereinafter refetted lo as SalEiini SUPREI MACY OF SATGURU Tlie Satguiu shall be the supreme entity, Ixjssessing absolute authority and control over all mattm wnnectcd with or related to tlie Mandavmission, the Executive Coinmitte¢ (also r¢f¢rred io as the Executiv¢ Body of the Sanl Nirankai'i Mandal UK), and Mandal's component units in any fonn ivlialsoever including Ihe pow¢r to reconstitute, expand, reduc¢ tlie llwiiber of inenibeiB of the Executive Body or the component units, but it is iinderstood that the Sant Niratikl Mandal, U.IL .%hdll have absolute ¢ontrol over the assets of the organisatioii in the United Kiiigdom. EXECUTIVE BODY:_ The Sant Nirankari Mandal sliall have its Executive Body compYisffinE of mnber8 selected and nominated by the Saiguru from tin to time. The iiumbeT ofMen)bers in tl)e Executive Body is presenlly five but can be altered as and ivhen need by the Mandal in accordanc¢ with the Supremacy of satgU mentioned above. No p¢tEon who is not a Meinber of tl)e Mission can be noininaied as a ineniber of tlie Executive Body. The Menibei. of the ExeculÉve Body shall reniaill iii office at the sole discretioii of the SalEuru. iy Meinbei of Ihe Execull ve Body may its11 or be removed by Ihe Satguru on grouttds of miscoiKlu¢4 iinsatisfa¢tory Ivoi"k or any other grounds and Saiguru Jnay iion)inate aiiy other iiieniber to fill tlie vacancy. Poll¢le$ proceduros for the induction and trAining of Iru5teey Silic¢ Ilic Sanl Nllankari Mandal (UK) is wholly and solely a Charitsble movement, all services rendered, and donations givei) are on a voluiitaiy basis. The Mission's pl'lKeduS in IElalion lo indiiction, trainll)g and wnttnuity of trustees is reviewed as necessary by ihe executive body to ejhsiire complianc¢ with iJK laws. Appointment of trustees will remain from within n*mber& of the Mandal and Executive body• wilh the overriding decision rcsting ivith Hcr Holiness. Rlsk management Th¢ chai'ity Irusl¢¢s Mnd execiitive cOllnittee have consideted th¢ major risks lo which it is cxposed Hnd have revieived Iliose ri8ks and establislied systffl)s and procedures to manage Iljose risks. REfi Ci RENCE AND ADMINISTRATIVE DETAILS Reglst¢Yed CbRrlty lll1ber 503029 Page 2
SANT oi't of tlie Ti'ustee$ FOR THE YCI AR ENDED S APRIL 2024 Pi'lnclpal addr¢ss Sant Nira(kkari Satsang Bl)awan GIE¥lt West Street Wednesbury West Midlaiids WSIO OAS Ti'ustees Twste¢'s and Executive Comniitte¢: Mr. Sithhjinder Singh Pi'esident, Chair and Trustee Mr. Httymohillder Singh Bhalia Geueral SLYittaiy and Tru$t¢¢ Mr. Bhupindrd Singh Anand Publleatlon,Internet and Media Mi.. Gyrpre¢l Singli Bl)alta Soclal llnd Welfnre Mr. Buliyaiit Singh Exeeiitive Melnber Audltors Tli&p¢i's Limited Chart¢red Accountants Harpal House 14 Holyhead Road Haiidsivorth Biiniingl)aiii West Midlai]ds B21 OLT Sullcltors Harbaiis SAI)gh & Co 391 Soho Road Flandswoi'ili B219SF Page 3
It of the Ti'ustees FOR THE Ytl AR ENDED 5 APRtL 202 RCI FERENCE AND ADMINISTRATIVE DKTAJLS Bxnkeig Natwesl Bai)k PIC 34 High Stt'eet, Siiieihwick. Warley, West Midlands B66 IDU Pwijab Nxtlonal Bank (jnIenlI0naI} Lin]ited 290 Solio Road Binniiigbam B219LZ State Bat& of India 118 Soho Road Haildsivoiih Birmingbajn B219DP Bank of Indsa 182 Soho Road Handsworih Binningliam B219LP STATKMKNT OF TRUSTEES, RESPONSIBILITIES Tlie twslees are respoilsible for preFaring the Report of tlie Tmgtees and tlie fiiiancial stalemeiits in accordance ivith appliiable law and United Kingdom Accowiting Standards (Unite(l Kingdom Generally Accepted Accounting Pi'actice). The law applicable to charilies in England and Wales. the Chariliex Act 2011, Charity (Accolliits and Reports) R¢giilalions 2008 and the provisions of the tnist deed reqiiircs th¢ Inistes to pr¢paiE fiimncial slateiiienls for cacli financial year ivl)ich give a ffiie aiid faik vieiv of the stale of affairs of ihe charity and of the incoming resouires and application of rcsoiiires, including th¢ income and expenditu, of thc cliarÈty for Ihal period. Iii PPari1]g flios¢ financial stateu)eiits, the trustees are wuired lo select suitable accounting policies and then apply them consistently> Ob8Ve thc mcthods and principle5 in the Charity SORP: Intd(e judgenients and esliinates th&t ar¢ reasollable and prudent. state wlielhei. applicable a¢¢oullting standards have been folloived, subject to any material d¢partur¢s disclosed and explained in the fjnancial slal¢menls' pIEpare the fmancial statements on Ihe going Concern basis unless it is inappropriate to presume that the chdrity will cvEItil)Il¢ lli busine5S. Tlic twslees are irsponsibl¢ for k¢¢ptng propo accouiifing records iyhich disclosc witli reasonable a¢ciiircy any liine the fii)anci&l position of the charity and to enable tlith)) to ensure that the financial stalements comply wit]1 the Cliarilies Act 2011, Ilic Charity (Accoiints and ReEK)rts) Regulations 2008 ftnd tlie provisioiis of the trust deed. Tliey are also i'espoiisible for safeguardii)g Ihe 8ssets of the charity and lience for laking eOI)able steps for tli¢ prevention and election of fi'aud and other irr¢gularitiw. Approved by order of the bO.d of trust¢¢s on 26 January 2025 and signed on ils half by: Mi Hannohindei. Singh Bhalia - TnL%tee Pflge 4
ort of the Inde endent Auditors to tbe T Sant li.11.krI Opliiloii We have aiidiled the fmancial slalements of Sant Nirankari Mllndal IUK) (the 'charity) for the year elided 5 April 2024 wliich comprise the Statenient of Fiiiancial Aclivilies, Ihe Balance Sheel. th¢ Cash FRoiv Stalen)eiil and nol&s to th¢ rinan¢ial statcnients, illcluding a sulwnary of significant accounting polÈcies. The fala1 reporting frain¢work that lias been applied in their preparation is applkcable law and Uiiiied Kingdom Accounting Standards (United Kingdoin Gencially Accepted Accounting Prdctice). In our opinion the fin&iicial slatements: givc a true and fair vieiv of Ilie stalc of the Ch75 affairs as at 5 April 2024 and of its incoining resources and application of iysources, for th¢ y¢ar th¢n ended. have beett pn)perly prepared ill a¢cordan¢e with United KinBdoni G¢nerally Accepted Accountii)g Practice. and have beell prepai'ed in accordance ivith the requirements of th¢ Charities Act 2011, Basls for oplnion We cohdiicted oiir al1t in accordance wlth Inten)ational Standards on Auditing (UK) (ISAS (UK)) and applicablc law. Oui. responsibilities iindey those slaiidayds are further described iii the Auditorn, Irsponsibilittes foi. the audit of Ilie rinancial slatements section of oiw report. We are iThdependenl ofibe cbarily in accordan¢¢ with th¢ etl)ical requuements 11)at air Yelevaiil to our audit of the financial statenlents in ilie UK, incliiding the FRC'S Ethical Slatidard, and we l)ave irilled oiii. other elliical responsibilities in accordallc¢ witlj thcse requircRncnts. We believe thal the aiidit evidence we have obtained is suffKient aiid appropriate lo provide a basis for our opinion. Con¢lu11s relating to going concern In auditing th¢ finanrial slatemen15, we have concluded thal the tDJslecs' use uf the goii)g coi)cern basis of accDUI)lii)g iii tbe prepardlioii of the financial slalemeiits is appropriat Based on tb¢ ivork we have p¢rforined, we hay¢ not iilenlified ally niaterial uncertainties relating to events or conditions thaL ijjdividually or colle¢tively, may 3t significant doubt on the ch&iity's ability to continue as a going ¢onc¢rn for a period of at least twelve months from when tbe rnnCIal statements ar¢ authorised ft)r issue. Our responsibilities aiid th¢ respojistbilities of t1 trn5tees with Spert to going concern ar¢ d¢scrib¢d in tlie i¢l¢vant sectioi)s of tl)is report. Otlier informatioii The trustees are iesponsible ftir the otlier infomthlion. The otlier infonnalion Comprises tli¢ infonnalion included in the Annuftl Repoi#, othet than the finaiicial staten)ents and our Report of the Independent Auditors thereoii. Oiii. opiiiion on the financial slalements does not cover the other infoimalion and, except lo the extent othuThvise explicitly slated in our repoit, we do not expYe&8 any fonn of &%suMitt conclusion thereon. In conn¢Glion with our audit of the financial slalements, oiw responsibility is lo rcad Ilie oilier infonnation and, in doing so, coi)sidcr whether the other iiifonnation is materially incon51slent with the fLnaDcial slatanenls or our knowledge oblallied in the audit or othenvise appears to bc nMl¢rially misstated. If we identify such mY41erial mcnsiStencieS or appai'ent mata'ial misstatcmenls, we are required to dctennine whether this gives to a ii)aterial mis51atemenl in tlie fllian¢ial ststemeiits themselv. If, based on the work we have perfomied, we ¢oiiclude that th¢r¢ is a material misststwnenl of this other infornialion. lye are required to Teport tliat fact. We have ttolhing to report ILI thi8 r¢gaid. Mlltt¢i's on wlilcli we ore Yequli'ed to report by exeeptio We have nothing to ieport in respect of Ilie following nMtt¢rs ivhere tlie Charitie5 (Accounts and Reports) Reglilations 2008 Itquires lis lo repoit lo yoii if, in oiir opii)ioii'. the iiiforinalion given iii the Report of the TTUStees Is Iiiconsi5teJit in any material respect with Ihe financigl slaleinenls. or sufficieiit accounting records bave llol been kept" or Ilie financial slaleinenls are not in agreemenl wilh the aLcoui)tuig records and retunis. or Ive Iiav¢ not received all the infoiination and explanations ive require for oiir audit. Page 5
tof Ihe Inde ntAu Sanl Nii'ankarl Mlliidal to tli Resp0115ibilities of trn5tee5 As ¢xplained mor¢ fully in th¢ Stal¢ment of Trustees. liespDnsibiEilies. Ihe thIe¢S ar¢ r¢snSIble for Ibe PJEparalion ol th¢ finMn¢ial statements which giv¢ a tnt¢ and fair view. and for suth inlemal control as the Iruslees deterniine is nece55ary to enoble the preparntion of financial statements that aTe free fr(m maleiial misslatement, whether due to fi?ud or ¢iToi'. In prepai'ing the financial slatements. the tnlstees are responsible for assessing the chariiys ability to continue as R going coiicerii, disclosiii& as <1pplicabl4 niatters related to goiiig c]Cern and usiiig die going concerii basis of accounting unless tl)¢ InLeeS eithei. intend lo liquidate the charity or to cease operations. 01 have no realistic alternative bul to do Pag¢ 6
ort of Ilie Inde endent Aiidilors to Ihe Trustees of Sant Nii'ankari Maiidal Our i'esponsibilitie5 for the audit of Ili¢ financiAI ststements W¢ have beeii appoinled as auditors under Section 144 of the Charilies Act 2011 and report in accordance ivkth the Acl aud r¢l¢vant r¢gulations made or having effed thereunder. Our objcctives are to obtain reasonable assiwance about wb¢th¢r the financial statm¢nts as a whole are fre¢ from maleiial inisstatenient, Ivhelher due to fraud or error. aiid lo i&sue a Report of the liidependent Auditors that include% our opinioij. Reasonable ASSULMnce is a liigh level of as5uranc4 but is not a guarantee that an audit conducted in accordance Iviih ISAS, (UK) will alivays detect a material MisslatnlI ivlien il exi8ls. mis8taleiiient& can arise from fraiid oi. erroy and aye considered material if, individiially or in the agEYegdle. they could tEasonably be expected to influence the econoinic decisioiis of iiseKS taken on Ilie basis of tljese fiiiancial slataiiciits. The exteiit lo ivhicli oiir procedure5 are capable of delgcling irKgularilies, including fraud is d¢lailed below: Ex¢ent to wljich the ?udil wa5 considered f 74pable of d¢l¢elÉnE irr¢gularitie5, including fjiud In'egularities, inrludiiig fraud, ar¢ iiistancas of noii-compliance iviih laivs and regulations. W¢ design piDcedures li? liiie with oiii. r¢spoi)sibililies, outlined 8bove, to delect malerial misstaleillellls ill respect of llTegLilarilies, incliiding fixiid. The extent to ivhich oui. procedui'es are capable of detecliiig inEgularities, including fimud is detailed beloiv. We coiisidered the i)ature of the cliaritable organizalion and its control environmenL aod revieived the chai'itys documentalion of their policies and proceduiEs lating to frdud aud compliartce ivitli laws and regulations. We also enquired of Maliaglient about their oivn idenlificallon and assessnieknt of (lie risks oflrregularities. We obtaiiied an under31andiiig of the leg8121MI relIa10ry fi7meivork that the charlty operates in, al idelltified ihe key laws and regulations Ilial: had a direct effect on the dcterniinalioii of malerial amounts al disc105ures in the financial slatemenls. These incliided Ibe Charities Act and tax legislalioi). and do iiol have a dll'ect effect on Ihe fUela1 statements but compliance iviih ivhich may be fundamental to the charitable organization ability to operate or to avoid a n]aterial penalty. We discussed among the audit engagement team regarding the opporlunilies and In¢tiveS that may exist within the organizatÉon for fraud and liow and where fraiid Might occur in the financial stateMltS. In cominon with all audils under ISAS (UK), Ive are also required to perform specific procedures lo respond to ibe risk of n)anagement Oveide. In addTessing the risk of fraud through inanagement oveiTide of controls, we tested the approprialeness of joiin)al entries and otlier adjusiments. usse&sed ivlEther tlie judgements n)ade An making accouiitii)g eslimales are indicative of a polenlial bias. and evaluated the business rationale of any si11r1eallI transactions tlial al'e Illlusual or outside the nornial course of business. lu additioii lo the above, oiir p1CedUreS lo r&spond lo the risk5 i]11r1ed includcd the folloivlllg.. viewing fiiiaiicial stal¢meni disclosures by testing to sUpP1n8 documentation to assess compliance ivilh PfQVlsions of rglGvanl laws and regulations describ Js having 8 di1 ¢ffecÉ on the f8¢181 statements. perfonning analytic&l procediires to identify any unusual or unexpected relationsl)ips that inay indi¢ate rlsks of malfflial mi&statement due to fraud; eiiqiiii'ing of managein¢nt, and ¢xlemal legal ¢outt5el Cthwning actual aiid potential litigatioii and claims, and InSl¢e8 of i)on-complian¢e iviib laws and r¢gulations' and reading minutes ofmeelings of those charged with gov¢mance. A furtlier dcsGript&on of oiir SPonSIbl1111eS for the al11 of the fJnAncial slaieinejits is located 011 tlie Finaiicial Reporting Couiicil's website at www.frc.or&uklaudit(Ksresponsibilitie& This descripiioii foiiDs part of our Report of tlie Iiidepei)d¢ni Auditors, Page 7
ort of th Ind endent A idttors to Ihe Tr Sant Nivankari Mand&l st Us¢ of our report TIIIS iEPOrt is nude solely to ihe charilS trustee& as a kndy, in accordance with Part 4 of the Cfiiwilies (Accounls and Reports) RegiilatiODS 2(K18. Our audit work has been underlaken so that we might slal¢ lo the chaiitys tnislees Iliose malteTS we are required to state to t1 in an auditors, report atKI for t]0 oiher purpose. To the fullest extent pemiitted by laiv, we do not accept or assiimc responsibility to anyorte othei. than the c}rity and tlie charitys tTUStees as a body, f oiir audit ivork, for Iliis Yeport, or for the opiijions we have fomied. Tliap¢rs Lllniled Charieird A¢¢oimlanls Hai'pal House 14 Holyhead Road H4ndswoi4h Birminghani West Midlands B21 OLT 26 January 2025 Page 8
SAwf NIRANKARI MANDAL Statemeiit of FlnAndal Aethtte$ FOR THE YEAR ENDKD 5 APRIL 2024 514124 Unrestrlcted funds 514123 Total fwidg Notes INCOME AND ENDOWMENTS FROM Doiiations and legacies 850,969 615,321 Oth¢r trading activilies Investhient in¢oin¢ 8,584 180J64 13,301 66,880 Totlll 1,039,917 695,502 EXPEI JNDITURE ON Chavitable aellvlties Cliarits)ble aclivilies 539,132 299,067 T INCOMEI 500,785 396,435 RII CONCILIATION or rtUNDS Total funds brought foNard 10945,565 10.549,130 TOTAL fuNDS CARIUED FORWARD 11,446,350 10,945,565 Tlie noles fonn part of these finAncial stateinenls Page 9
SANT NIRANKARI MANDAL Balance Sheet 5 APRtL 2024 514124 Unrestrjcted funds 514r23 Tolal runds Notes FIXED ASSETS Tangible assets 10 5J69,522 5,350.867 CURRE4 NT ASSII TS Stocks Debtors CJsli at bal and in ljand 1,000 155,823 5,923,665 1,000 159,066 5,438,172 12 6,080,488 5,598,238 CRLDITORS Amoullts fallillg due within one year 13 (3,660) (3,540) NET CURRENT.ASSETS 6,076,828 5,594,698 TOTAL ASSCI TS LCI SS CURRENT LIABILITIES 11,446,350 10,945,565 T ASSlI TS 11,446J50 10.945,565 14 Um'cstricted fi)nds 11046JS0 10,945,565 TOTAL VUNDS 11,446,350 10,945,565 The ftnaiicial stalenient8 were approved by the Board of Trustees the Boai'd of TNstee5 and authorised foj. issue oil 26 January 2025 and wer¢ signed on its behaifby., . Suklijind¢r Singh PrAd¢t- Trusfr Mi,. Hamiohiiider Siii h Bhatia- Tiwstee The notes form part of tliese financial statem¢nl8 PaEe 10
T NIRANKARI MANDAL sh fil StAt nt roR THE YEAR ENDED S APRIL 2024 $14124 514123 Notes Cash llows fi'om operatlng acrfvltles Casli gcneraled froin operatTons 540,638 442,371 Net cash provided by opernting activities 540,638 442,371 CAsh floTrvs from investing 4ctivitie5 Purchase of tangible fLx¢d assets Interest recciv {235,509) 180J64 {524,515) 66,880 Net casb used in investing activitie5 (55,145) (457,635) Change in cash and cash equivalents in the roportiiig perlod Cash and casli equlvaleiits at tlie beginning of the i'ei)orling period 485,493 (15,264) 5,438,172 5,453.436 Cash and cash equivaR¢nts at Ihe end of the reportlng perlod 5923,665 5.438,172 The noles forn] pail of thes¢ fu)aDGial slaten]ents Pagell
SANT NIWKARI MANDAL Notes to the Cash FRoiY Stftlenient FOR THE YEAR ENDED S APRIL 2024 RKCONCILIATION OF NET INCOME TO NET CASH fiLOW FROhl OPERATING AcfiviTiCI S 514124 514123 Net income for tlie J'epDrtin2 period (As per the Statement of Flnfincfial Activities) Adjustnients lor: Depi'ecialioii charges liitei'est recelved Decreasel(increase) in d¢bio liiGreasel(decrease) lll creditors 500.785 396,435 216,854 (180J64) 3,243 120 188,205 (6C),880) (53,338) (22,051) Net efish provided by operation5 540,638 442,371 ANALYSIS ofi CIIANGES IN NET FUNDS At 6.4.23 Casli flow At 5.4.24 Net easli Cash ai bank and in hand 5,438,172 485A93 5,923,665 5,438.172 485,493 5,923,665 Total 5,438,172 485,493 5,923,665 The noles form part of the financial stateniellts Page 12
SANf IYlliANKARI MANDAL Notes to tILe FlllAn¢lg1 Statements FOR THE YEAR ENDED 5 APRIL 2024 ACCOUNTING POLICIES B88is ofpi'epwriiig the filiane11 stalcments Tlie fiiiancial slateinents of Ihg charity, iyhich is a piiblic benefil entity under FRS 102, have been prepared in 8ccordan¢¢ iyitb the Chaiities SORP (FRS 102) 'Accounting and Reporting by Chaiities,, Siatenient of Recornniend Pra¢li¢¢ applicnbl¢ to ¢harities prephting their acColtS ii) 8ccordaiice witli the Financial Reporting Standard applicable in the UK ond Republi¢ of IiEland (FRS 102) (effective l Jaiiuary 2019),, Fllianoial Reporttng Standard 102 'The Finallcial Reporting Siaiidard applicable iii Ihe UK aiid Republic of Ireland, and lh¢ Cliarilies Acl 2011. The financial StateMltS have been prepared under the historical ¢05t convention. Illeome All income is recoEnised in the SlatemeDt of Financial Activities once the Charity has enli11n¢nf lo tli¢ funds, it 18 probable that the income will be received and arnt (%n be me&sured reliably. Expenditure Liabilities a recognised a5 expenditure as soon as there is a legal or constructive obligation committing Ilie charily lo tIt ¢xpEndAtur4 it is pi'obable Ihat a Iransfer of economic benefits will be required iii Settle¢llt aiid the amount of the obligation can b¢ rnwur reliably. Expenditure is accounted for on an accRIS basis and has bc¢n cl8sStfJed uiider headings Ihal aggrcgalc all cost l81¢d to Ilie category. Where cosls cai)not be directly allribiiled to parti¢ular hvadings they bave been allocated io activitie on a b&sis consislent ivith the use of sourc¢s. Tanglble fixed assets Depreciation is provided at the following annual rnles in order to write off each asset over its estimated usefi]I life. Fr¢¢hold property Fixtures and fittings Motor vehicles 20/0 on cost 25 1 on cost 200kn on reducing balance Stocks Stocks are valued at the lower of cost and net realisable valu4 after making due allowance for obsolele and slow moving item8. Taxation T1 ¢IrIty is ex¢inpt froin tax on its charitable a¢tivities, Fund accountlng Unrestrtcted funds can be used ill accordance wkth the charitable objectives at the dis¢retion of t]ie hwslees. Restiicted funds can only be used for parfi¢ular restricted purposes iyithiii the objects of the ¢harity. ResÉrictioi)s aris¢ ivhcn specifi¢d by the donor oi" when fuiids are raised for particular restricted pu0$¢S. Further expl1all01I ofthe n8lur¢ and puryN)se ofeach fund is included in the Th)t¢s lo the fll)ai)¢I slalenjeiits. Hii'e pui'cli&se aiid leR5ing commitments RlIIS paid w)d¢r op¢ratin8 leases are charged to the Sialemail of Financial Activities on a straight line basis over the period of Ili¢ l¢as¢. Page 13 coiifiiiued...
DAL t lo tli Finan ial Slatewellts- eolltiiiued FOR THE YEAR ENDED S APRIL 2024 DONATIOIYS AND LEI GACIES 514124 514123 Donatioi)s Gift aid Donated Servic and facil&lies 684,966 166,003 605,571 9.750 850,969 615,321 OTHER TRADING ACTIVITIES 514124 514123 Lternre and inagazine 8,584 13.301 NVEsTNT INCOME 514124 514123 Inteirst receivable 180,364 66.880 CHARTTABLE ACTIVITIES COSTS Direct Costs (see Dole 6) Support costs (see note 7) Totals Chilable aeliviti¢s 531,874 7,258 539,132 DIRCI cr COSTS OF CHARrrABLCI ACTIVITIES 514124 514123 Motoring and travelling Repairs and maijilenance Insiirance Light, heat aiid ivater Telephone al fax Postag¢, stationery & advert Literature and inagazines Sundri¢s Marqii¢¢s and portakabins Cateiing, food aiid ut•)stl8 Coiiference fa¢ilitiesl Expense Donations - Ma¢millan Loan ivrite off Deprecialion 5,424 11,936 28,387 124,992 877 441 691 3,169 330 5,316 4,671 71,693 626 1,068 1,736 1,559 10,175 37,821 19,983 1,482 79,818 216,853 5,552 188,205 531,874 290,931 Pa14 coi)liiiiie(L.
Flii I Statements - eontillued FOR THE YEAR ENDED S APRIL 2024 ei SiJPPORT COSTS Governance costs Finance Total$ Charitable activities 3,598 3,660 7,258 TRUSTEI ES, REMUNERATION AM) BENEFrrs Tl)ere were no trust¢es' reniuD¢tation OT oiher benefits for the year ended 5 April 2024 nor for th¢ year ¢iided 5 April 2023. Trvstees, ¢xpons¢s Tl)ere war no tn]stees' expenses paid for th¢ year ended 5 April 2024 nor for th¢ yeai. ended 5 April 2023. COMPARAT5 fiOR THE sfATKMENT OF FINANCIAL ACTIVITIES Unr¢strict¢d fullds INCOME AND ENDOWMENTS FROM Donations ld legacies 615,321 Oth¢i' trnding a¢livilies Investnient iiicoiiie 13,301 66,880 Total 695,502 EXPEI NDITURE, ON CliarltRble Activitie5 Charilabl¢ activities 299,067 NET INCOME 396,435 RECONCILIATION OF fi UNDS Total fi]nds biY)ught forWd 10,549,130 TOTAL FUNDS CARRIED FORWARD 10,945,565 Pagc 15 continiied...
Notes to the Fliiaii¢lAI S¢Attmellts- ¢ondiiued FOR THE YEAR ENDED 5 APRIL 2024 io. TANGIBLE FIXED ASSETS Fixtur¢s and fittings Fi'eehold pi'opety Motor veliicles Totsls COST At 6 Api-il 2023 Additioijs 7,057,222 124,414 343,972 56,995 199,978 54,100 7,601,172 235,509 At 5 Apiil 2024 7,181,636 400,967 254,078 7,836,6111 DEPREI CIATIOIY At 6 April 2023 Chai'ge for year 1.779,935 138,823 289.949 62,321 180,421 15,7111 2250,305 216,854 At 5 April 2024 1,918,758 352270 196,131 2,467,159 NET BOOK VALUE Al 5 April 2024 S262,878 48,697 57,947 5369,522 At 5 Apiil 2023 5,277287 54.023 19.557 5,350,867 ii. STOCKS 514124 514123 Stocks 1,000 1,000 12. DEBTORS: AMouNfs FALLING Duf WITHIN ONE YEAR 514124 514123 Loall lo SNM Veron4 Italy Other debtor Bank of Indi Olhei. debtor Piinjab Bank BncheS ppayme1]ts 79,818 12,114 40,230 5,498 21,406 39,221 89,023 3,710 23,869 155,823 159,066 Other debiorBank of Ijidia & Punjab National Bank are unrcalised inletrst on fjxed deposit accounts. Page 16 continued.,,
SANT NIRANKARI MANDAL I tlie Financial Statemenls- contiiiued FOR THE YKAR ENDED 5 APRIL 2024 13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 514124 514123 Other ¢irditDrs 3,660 3,540 14. MOVEI METrIT IN FUNDS Net movement in fund. Ai 5.4.24 At 6.4.23 Unresti'lcted fuiids GeJieThl fund 10,94S565 500,785 11.446,350 TOTAL FUNDS 10,94S565 500,785 11,446,350 Net movem¢llt in fund5, included in tiK above are as follthvs: Incoming resources Resources expended Movement in thjids Unrestricted funds GeLieral fund 1,039,917 (539,132) 500,785 TOTAL FUNDS 1,039,917 (539,132) 500,785 CompAratives for movement in funds Net mov¢inent in funds At 6.4.22 5.4.23 Unrestricteil funds Geileral thiid 10,549.130 396,435 10,945,565 TOTAL FUDIDS 10.549,130 396,435 10,945.565 nparaliv¢ net movement in n(l$, included in th¢ libove 8r¢ as follows: Incojnillg resources Resouires expeiided MoveLI)¢nl in fiiiids Unrestricted fiinds Gei)eTal fiiiid 695,502 (299.067) 396,435 TOTAL FUNDS 695.502 (299,067) 396,435 Page 17 ¢oi)liiiued...
SANT NIRANKAIU MANDAL Notes lo Ilie FbiAn¢lAI Statements- continued FOR THE YEAR KNDED 5 APRIL 2024 14. MOVEMENT IPI FUNDS- continued A cunent year12 Anollths aiid prior y¢ar 12 months combilled position is as folloivs: Nel moveinent in funds Ai 6.4.22 5.4.24 Uni'estrleted fiiiids Geileral fund 10,549,130 897,220 11,446,350 TOTAL fiUNDS 10,549.130 897,220 11,446,350 current year 12 months and prior year 12 months combined llwvement in fvnds, includ¢d ill Ihe abov¢ ar¢ as follows: Incoming Resources expended Movemeiit in thnds Uiii'e5trlcted funds Gehei'al fuiid 1,735,419 {838,199) 897,220 TOTAL FUNDS 1,735,419 (838,199) 897,220 15. RELATED PARTY DISCLOSURES Th¢Tr iYer¢ no relaLed party transactions for ihg year ¢Dded 5 April 2024. Page 18
SANT DAL UK Detalled StaterneDI of FiiiancRAI A tivitie5 FOR THE YEAR ENDED 5 APRIL 2024 514124 514123 INCOME AND ENDOWMENTS Donatlons and l¢gacle$ Donations Giftaid Doiiated services and facilities 684,966 166,003 605,571 9,750 850,969 615,321 Other tradlng Activitie5 Lileratule atid magazine 8,584 13,301 Iiiveslmeiit Inconle Interest receivable 180,364 66,880 To(al iiicomiiig i'esoul'ces 1,039,917 695,502 Charitible aftivilies Mott)ring and travelling Rcpairs and maint¢n3iKe Insuran¢e Liglit, heat and water TelepEione and fax Post28¢, stationery & adv* Literdture and magazines Siilldries MJi'qu¢c3 end PDrtakabins Calerfjng) food and utensils Confor¢n¢¢ facilities/ Expense Dotialions - Ma¢millan Loaii wi'ite off Freoliold property Fixtures and fittings Motor vcbicles 5824 11936 28,387 124,992 877 441 691 3,169 330 5,316 4,671 71,693 626 1,068 1,736 1,559 10,175 37,821 19,983 1,482 79,818 138,823 62,321 15,70 5,552 136,335 46,981 4,889 531,874 290,931 Support eosts Bank cliarges 3,598 4,356 Govti'ttihee eosts Auditors, Irmuiieralion 3,660 3,780 Total resources expended 539,132 299,067 Net iiicome 500,785 396,435 This page docs iiol fonn part of th¢ statutory finai)cial stsl¢ll)¢llts Page 19