| Page | ||
|---|---|---|
| Reference and Administrative Details |
||
| Report ofthe Trustees | 2 to | 6 |
| Trustees' Responsibility Statement |
||
| Report ofthe Independent Auditors |
8 to | 10 |
| Statement ofFinancial Activities | ||
| Balance Sheet | 12 | |
| Cash Flow Statement | 13 | |
| Notes fothe Cash Flow Statement | 14 | |
| Notes to the Financial Statements | 15 to | 22 |
| Detailed Statement ofFinancial Activities | 23 Io | 24 |
| TRUSTEES | Sukhdev | Sing h | Bansal |
|---|---|---|---|
| Balwant | Singh | Johal | |
| Gurmail Singh | Sadra | ||
| Raj Manvinder | Singh | ||
| Paramjit | Singh | Rai | |
| Tajinder Kaur Jagdev | |||
| Mukhtiar | Singh | ||
| Nirmal Singh (resigned 31.10.22j | |||
| PRINCIPAL ADDRESS | 106East | Park Road | |
| Evington | |||
| Leicester | |||
| LE54QB | |||
| REGISTERED CHARITY NUMBER | 505157 | ||
| AUDITORS | TC Group | ||
| 31 High View Close | |||
| Hamilton | Office Park | ||
| Leicester | |||
| Leicestershire | |||
| LE4 9LJ |
| 2022 | 2021 | |||||||
|---|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | |||||
| fund | fund | funds | funds | |||||
| Notes | K | E | ||||||
| INCOME AND ENDOWMENTS | FROM | |||||||
| Donations and legacies | 884,852 | 164,505 | 1,049,357 | 959,916 | ||||
| Other income | 59,415 | |||||||
| Total | 884,852 | 164,505 | 1,049,357 | 1,019,331 | ||||
| EXPENDITURE ON | ||||||||
| Raising funds | 43,223 | 43.223 | 36,177 | |||||
| Charitable activities |
||||||||
| Charitable activities |
739,744 | 739,744 | 536,023 | |||||
| Support costs | 731 | 731 | 6,227 | |||||
| Governance | 22,558 | 22,558 | 20,119 | |||||
| Total | 806,256 | 806,256 | 598,546 | |||||
| NET INCOME | 78,596 | 164.505 | 243,101 | 420,785 | ||||
| RECONCILIATION | OF FUNDS | |||||||
| Total funds brought | forward | 3,107,941 | 183,303 | 3,291,244 | 2,870,459 | |||
| TOTAL FUNDS CARRIED FORWARD | 3,186,537 | 347,808 | 3,534,345 | 3,291,244 |
| BALANCE SHEET | ||||
|---|---|---|---|---|
| 31 December 2022 | ||||
| 2022 | 2021 | |||
| Notes | E | E | ||
| FIXED ASSETS | ||||
| Tangible assets | 3,356,093 | 2,486,422 | ||
| CURRENT ASSETS | ||||
| Debtors | 12 | 55,509 | 114,833 | |
| Cash at bank and | in hand | 705,044 | 1,268,399 | |
| 760,553 | 1,383,232 | |||
| CREDITORS | ||||
| Amounts falling due within one year |
13 | (123,304) | (99,234) | |
| NET CURRENT ASSETS | 637,249 | 1,283,998 | ||
| TOTAL ASSETS LESS | CURRENT LIABILITIES | 3,993,342 | 3,770,420 | |
| CREDITORS | ||||
| Amounts falling due after more than one |
||||
| year | (458,997) | (479,176) | ||
| NET ASSETS | 3,534,345 | 3,291,244 | ||
| FUNDS | 17 | |||
| Unrestricted funds |
3,186,537 | 3,107,941 | ||
| Restricted funds | 347,808 | 183.303 | ||
| TOTAL FUNDS | 3,534,345 | 3,291,244 |
| 2022 | 2021 | ||||||
|---|---|---|---|---|---|---|---|
| Notes | |||||||
| Cash flows from operating | actlviTies | ||||||
| Cash generated from operations |
I | 476.532 | 481 404 | ||||
| Interest paid | (27,010) | (12,427) | |||||
| Net cash provided by operating |
activities | 449.522 | 468,977 | ||||
| Cash flows from investing | achvihes | ||||||
| Purchase oftangible fixed |
assets | (979,817) | (3,480) | ||||
| Net cash used in investing |
activities | (979,817) | (3,480) | ||||
| Cash flows from financing | activities | ||||||
| New loans in year | 479,980 | ||||||
| Loan repayments in year |
(33,060) | (9,136) | |||||
| Net cash (used in)/provided | by financing | activities | (33,060) | 470.844 | |||
| Change in cash and cash |
equivalents | in | |||||
| the reporgng period |
(563.355) | 936,341 | |||||
| Cash and cash equivalents | at the | ||||||
| beginning ofthe reporting |
period | 1,268,399 | 332,058 | ||||
| Cash and cash equivalents | at the | end | of | ||||
| the reporling period |
705,044 | 1,268,399 |
| RECONCILIATION OF |
RECONCILIATION OF |
NET INCOME TO NET CASH FLOW FROM | NET INCOME TO NET CASH FLOW FROM | NET INCOME TO NET CASH FLOW FROM | OPERATING | ACTIVITIES | ||
|---|---|---|---|---|---|---|---|---|
| 2022 | 2021 | |||||||
| Net Income for the | reporting | period (as per the Statement of | ||||||
| Financial AcRvilies) |
243,101 | 420,785 | ||||||
| Adjustments for: |
||||||||
| Depreciation charges |
110,146 | 94.206 | ||||||
| Interest paid | 27,010 | 12,427 | ||||||
| Decrease/(increase) | in | debtors | 59,324 | (91,240) | ||||
| Increase in creditors |
36,951 | 45,226 | ||||||
| Net cash provIded | by operations | 476,532 | 481,404 | |||||
| 2. | ANALYSIS OF CHANGES | IN NET FUNDS | ||||||
| At 1.1.22 | Cash flow | At 31.12.22 | ||||||
| E | E | |||||||
| Net cash | ||||||||
| Cash at bank andin | hand | 1,268,399 | (563,355) | 705,044 | ||||
| 1,268,399 | (563.355) | 705,044 | ||||||
| Debt | ||||||||
| Debts falling due within | 1 year | (41,667) | 12,881 | (28,786) | ||||
| Debts falling due after 1 year |
(479,176) | 20,179 | (458,997) | |||||
| (520,843) | 33,060 | (487,783) | ||||||
| Total | 747,556 | (530,295) | 217,261 |
| DONATION | S AND LEGACIES |
||||
|---|---|---|---|---|---|
| 2022 | 2021 | ||||
| Charawa | box | 431,909 | 282,151 | ||
| Donations | and offerings | 534,056 | 556,085 | ||
| Gift Aid | 83,392 | 121,680 | |||
| 1,049,357 | 959,916 | ||||
| 3. | OTHER INCOME | ||||
| 2022 | 2021 | ||||
| 5 | |||||
| Covid job | retention scheme | 54,415 | |||
| Business rates grant | 5,000 | ||||
| 59,415 | |||||
| RAISING FUNDS | |||||
| Raising donations and legacies | |||||
| 2022 | 2021 | ||||
| E | |||||
| Staff costs | 33.036 | 30,340 | |||
| Printing, postage, stationery and advertising | 5,386 | 2,032 | |||
| Media costs | 4,801 | 3,805 | |||
| 43,223 | 36,177 | ||||
| 5. | CHARITABLE ACTIVITIES COSTS | ||||
| Direct | Support | ||||
| Costs (see | costs (see | ||||
| note 6) | note 7) | Totals | |||
| K | |||||
| Chariitable | activities | 739,744 | 739,744 | ||
| Support costs | 731 | 731 | |||
| Governance | 22,558 | 22,558 | |||
| 740,475 | 22,558 | 763,033 |
| 2022 | 2021 | ||||
|---|---|---|---|---|---|
| Staff costs | 200,711 | 162,575 | |||
| Other operating | leases | 6,809 | 6,227 | ||
| Rates and water | 16,346 | 6,046 | |||
| Insurance | 9,978 | 9,420 | |||
| Light and heat | 35,286 | 54,514 | |||
| Telephone | 2,786 | 2,680 | |||
| Repairs and maintenance | 16,680 | 39,118 | |||
| SundRies | 941 | 68 | |||
| Food and provisions | 151,918 | 54,156 | |||
| Cleaning and pest control | 8,932 | 5,825 | |||
| Punjabi school IL |
library | resources | 6,508 | 2,804 | |
| Transport services | 9,921 | 11,229 | |||
| Subscriptions and |
memberships | 75 | |||
| Grants and donations | - | Institutions | 19,140 | 1,333 | |
| Security | 4,855 | 2,520 | |||
| Special events and religious functions | 112,508 | 77,027 | |||
| Depreciation | 110,146 | 94,206 | |||
| Interest payable | and similar charges | 27,010 | 12,427 | ||
| 740,475 | 542,250 | ||||
| SUPPORT COSTS | |||||
| Governance | |||||
| costs | |||||
| Governance | 22,558 | ||||
| Support costs, included | in the above, are as follows; | ||||
| 2022 | 2021 | ||||
| Total | |||||
| Governance | activities | ||||
| K | E | ||||
| Auditors' remuneration |
7,200 | 6,600 | |||
| Accountancy | 4,893 | 9.024 | |||
| Legal B,professional | 10,465 | 4.495 | |||
| 22,558 | 20,119 |
| 9. | STAFF COSTS | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2022 | 2021 | ||||||||||
| F. | |||||||||||
| Wages and salaries | 222,015 | 183,348 | |||||||||
| Social security | costs | 8,155 | 6,454 | ||||||||
| Other pension | costs | 3,577 | 3,113 | ||||||||
| 233,747 | 192,915 | ||||||||||
| The average | monthly | number | ofemployees | during | the year was as follows: | ||||||
| 2022 | 2021 | ||||||||||
| Priests (Gianis) | 5 | 5 | |||||||||
| Other | 14 | 9 | |||||||||
| 19 | 14 | ||||||||||
| No employees | received emoluments | in excess ofE60,000. | |||||||||
| 10. | COMPARATIVES | FOR THE STATEMENT | OF FINANCIAL | ACTIVITIES | |||||||
| Unrestricted | Restricted | Total | |||||||||
| fund | fund | funds | |||||||||
| INCOME AND | ENDOWMENTS | FROM | |||||||||
| Donations and | legacies | 776,613 | 183,303 | 959,916 | |||||||
| Other income | 59,415 | 59,415 | |||||||||
| Total | 836,028 | 183,303 | 1,019,331 | ||||||||
| EXPENDITURE ON | |||||||||||
| Raising funds | 36,177 | 36.177 | |||||||||
| Charitable activities |
|||||||||||
| Charitable activities |
536,023 | 536,023 | |||||||||
| Support costs | 6,227 | 6,227 | |||||||||
| Governance | 20,119 | 20,119 | |||||||||
| Total | 598,546 | 598,546 | |||||||||
| NET INCOME | 237,482 | 183,303 | 420,785 | ||||||||
| RECONCILIATION OF FUNDS |
|||||||||||
| Total funds brought | forward | 2,870,459 | 2,870,459 | ||||||||
| TOTAL FUNDS CARRIED FORWARD | 3,107,941 | 183,303 | 3,291,244 |
| 11. | TANGIBLE FIXEDAS | SET | S | ||||||
|---|---|---|---|---|---|---|---|---|---|
| Freehold | Fixtures | ||||||||
| land 8, | and | Moto i' | Solar | ||||||
| buildings | fittings | vehicles | panels | Totals | |||||
| 8 | E | 8 | |||||||
| COST | |||||||||
| At I January 2022 | 3,255,501 | 606,765 | 47,737 | 122,904 | 4,032,907 | ||||
| Additions | 942,157 | 10,600 | 27,060 | 979,817 | |||||
| At 31 December 2022 | 4,197,658 | 617,365 | 47,737 | 149,964 | 5,012,724 | ||||
| DEPRECIAIION | |||||||||
| At I January 2022 | 939,490 | 510,097 | 47,737 | 49,161 | 1,546,485 | ||||
| Charge foryear | 79,306 | 25,293 | 5,547 | 110,146 | |||||
| At 31 December 2022 | 1,018,796 | 535,390 | 47,737 | 54,708 | 1,656,631 | ||||
| NET BOOK VALUE | |||||||||
| At 31 December 2022 | 3,178.862 | 81,975 | 95,256 | 3,356,093 | |||||
| At 31 December 2021 | 2,316,011 | 96,668 | 73,743 | 2,486,422 | |||||
| 12. | DEBTORS:AMOUNTS | FALLING DUE WITHIN ONE YEAR | |||||||
| 2022 | 2021 | ||||||||
| Other debtors | 49,103 | 109,073 | |||||||
| Prepayments and accrued income |
6,406 | 5,760 | |||||||
| 55,509 | 114,833 | ||||||||
| 13. | CREDITORS: AMOUNTS | FALLING | DUE WITHIN ONE YEAR | ||||||
| 2022 | 2021 | ||||||||
| 8 | 8 | ||||||||
| Bank loans and overdrafts | (see | note 15) | 28,786 | 41,667 | |||||
| Trade creditors | 56,280 | 9,821 | |||||||
| Social security and | other taxes | 6,001 | 3,504 | ||||||
| Wage control | 15,135 | 13,362 | |||||||
| Other creditors | 968 | 1,000 | |||||||
| Accruals and deferred | income | 16,134 | 29,880 | ||||||
| 123,304 | 99,234 |
| 14. | CREDITORS: AMOUNTS | CREDITORS: AMOUNTS | FALI.ING DUE AFTER MORE | FALI.ING DUE AFTER MORE | FALI.ING DUE AFTER MORE | FALI.ING DUE AFTER MORE | THAN ONE | YEAR | ||
|---|---|---|---|---|---|---|---|---|---|---|
| 2022 | 2021 | |||||||||
| E | ||||||||||
| Bank loans | (see note | 15) | 458,997 | 479,176 | ||||||
| 15. | LOANS | |||||||||
| An analysis | ofthe maturity | of | loans is given | below.. | ||||||
| 2022 | 2021 | |||||||||
| E | E | |||||||||
| Amounts falling due within |
one year on demand: | |||||||||
| Bank loans | 28,786 | 41,667 | ||||||||
| Amounts falling due between |
two and five years: | |||||||||
| Bank loans | —2-5years | 458,997 | 479,176 | |||||||
| 16. | ANALYSIS OF NET ASSETS BETWEEN FUNDS | |||||||||
| 2021 | 2020 | |||||||||
| Unrestricted | Restriicted | Total | Total | |||||||
| fund | fund | funds | funds | |||||||
| E | E | E | E | |||||||
| Fixed assets | 2,486,422 | 2,486,422 | 2,577,148 | |||||||
| Current assets | 1,199,929 | 183,303 | 1,383,232 | 355,651 | ||||||
| Current liabilities |
(99,234) | (99,234) | (12,340) | |||||||
| Long term liabilities | (479,176) | (479,176) | (50,000) | |||||||
| 3,107,941 | 183,303 | 3,291,244 | 2,870,459 | |||||||
| 17. | MOVEMENT | IN FUNDS | ||||||||
| Net | ||||||||||
| movement | At | |||||||||
| At 1.1.22 | in funds | 31.12.22 | ||||||||
| K | ||||||||||
| Unrestricted | funds | |||||||||
| General fund | 3,107,941 | 78,596 | 3,186.537 | |||||||
| ResMcted funds | ||||||||||
| Building fund | 183,303 | 164,505 | 347,808 | |||||||
| 'TOTAL FUNDS | 3,291,244 | 243,101 | 3,534,345 |
| Net moveme | nt in funds, incl |
uded in the above |
are as follows: | ||
|---|---|---|---|---|---|
| Incoming | Resources | Movement | |||
| resources | expended | in funds | |||
| E | F. | ||||
| Unrestricted | funds | ||||
| General fund | 884,852 | (806,256) | 78,596 | ||
| Reslricted funds | |||||
| Building fund | 164,505 | I64,505 | |||
| TOTAL FUNDS | 1,049,357 | (806,256) | 243,101 | ||
| ComparaUves | for movemenf | ln funds | |||
| Net | |||||
| movement | AI | ||||
| At 1.1.21 | in funds | 31.12.21 | |||
| E | E | ||||
| Unrestricted funds |
|||||
| General fund | 2,870,459 | 237,482 | 3,107,941 | ||
| ResMcted funds | |||||
| Building fund | 183,303 | 183,303 | |||
| TOTAL FUNDS | 2,870,459 | 420,785 | 3,291,244 | ||
| Comparative | net movement | in funds, included | in the above are as follows: | ||
| Incoming | Resources | Movement | |||
| resources | expended | in funds | |||
| E | E | ||||
| Unrestricted funds |
|||||
| General fund | 836,028 | (598,546) | 237,482 | ||
| Restricted funds | |||||
| Building fund | 183,303 | ||||
| TOTAL FUNDS | 1,019,331 | (598,546) | 420,785 |
| A current ye | ar 12months and prior year | 12months combined position is as |
follows: | |
|---|---|---|---|---|
| Net | ||||
| movement | At | |||
| At 1.1.21 | in funds | 31.12.22 | ||
| E | E | |||
| Unrestricted | funds | |||
| General fund | 2,870,459 | 316,078 | 3,186,537 | |
| Restricted funds | ||||
| Building fund | 347,808 | 347,808 | ||
| TOTAL FUNDS | 2,870,459 | 663,886 | 3,534.345 |
| the above a | re as follows: |
, |
||
|---|---|---|---|---|
| Incoming | Resources | Movement | ||
| resources | expended | in funds | ||
| E | ||||
| Unrestricted | funds | |||
| General fund | 1,720,880 | (1,404,802( | 316,078 | |
| Restricted funds | ||||
| Building fund | 347,808 | 347,808 | ||
| TOTAL FUNDS | 2,068,688 | (1,404,802j | 663,886 |
| 2022 | 2021 | ||||
|---|---|---|---|---|---|
| fi, | |||||
| INCOME AND | ENDOWMENTS | ||||
| Donations and | legacies | ||||
| Charawa box |
431,909 | 282,151 | |||
| Donations and | offerings | 534,056 | 556,085 | ||
| Gift Aid | 83,392 | 121,680 | |||
| 1,049,357 | 959,916 | ||||
| Other income | |||||
| Covid job retention scheme | 54,415 | ||||
| Business rates grant | 5,000 | ||||
| 59,415 | |||||
| Total Incoming | resources | 1,049,357 | 1,019,331 | ||
| EXPENDII'URE | |||||
| Raising donafions | and | legacies | |||
| Administrative | staff salaries | 33,036 | 30,340 | ||
| Printing, postage, | stationery and advertising | 5,386 | 2,032 | ||
| Media costs | 4,801 | 3,805 | |||
| 43,223 | 36,177 | ||||
| Charitable acffviRes |
|||||
| Wages | 188,979 | 153,008 | |||
| Social security | 8,155 | 6,454 | |||
| Pensions | 3,577 | 3,113 | |||
| Other operating | leases | 6,809 | 6,227 | ||
| Rates and water | 16,346 | 6,046 | |||
| Insurance | 9,978 | 9,420 | |||
| Light and heat | 35,286 | 54,514 | |||
| Telephone | 2,786 | 2,680 | |||
| Repairs and maintenance | 16,680 | 39,118 | |||
| Sundries | 941 | 68 | |||
| Food and provisions | 151,918 | 54,156 | |||
| Cleaning and | pest control | 8,932 | 5,825 | ||
| Punjabi school | B. | library | resources | 6,508 | 2,804 |
| Transport services |
9,921 | 11,229 | |||
| Subscriptions and |
memberships | 75 | |||
| Grants and donations | - Institutions | 19,140 | 1,333 | ||
| Security | 4,855 | 2,520 | |||
| Special events | and religious functions | 112,508 | 77,027 | ||
| Depreciation charge |
110.146 | 94,206 | |||
| Bank loan interest | 21 402 | 2,942 | |||
| Bank charges | 5,608 | 9,485 | |||
| 740,475 | 542,250 |
| 2022 | 2021 | ||
|---|---|---|---|
| E | |||
| Supportcosts | |||
| Governance | costs | ||
| Auditors' remuneration |
7,200 | 6.600 | |
| Accountancy | 4,893 | 9.024 | |
| Legal B,professional | 10,465 | 4.495 | |
| 22,558 | 20,119 | ||
| Total resources | expended | 806,256 | 598,546 |
| Net income | 243,101 | 420,785 |