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2022-03-31-accounts

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CONTENTS Pages
Chair's Report 5to 7
Report ofthe Trustees 8to 19
Report ofthe Independent Auditors 20to 23
Statement
of Financial Activities		 24
Balance Sheet 25to 26
Cashf low Statement 27to 28
Notes to the Financial Statements 29to 40
Detailed Statement
of Financial Activities		 41to 42

2022 2021
Unrestricted Restricted Total Total
Notes funds
f		 funds
f		 funds
f		 fundsf
INCOME AND ENDOWMENTS FROM
Donations
and legacies		 2 1,737,570 577,743 2,315,313 1,447,139
Investment
income		 3 868,934 868,934 1,133,173
Other income 8,900 8,900 3,168
Total 2,615,404 577,743 3,193,147 2,583,480
EXPENDITURE ON
Raising funds 4 306,767 306,767 692,505
Charitable
activities
Premises costs 108,864 108,864 198,432
Support Costs
Grants paid to institutions		 540,602
208,002		 647,000 540,602
855,002		 401,893
446,250
Grants paid to individuals
Governance
costs		 4,204
5,640		 4,204
5,640		 5,640
Finance costs 24,225 24,225 39,194
Total 1,198,304 647,000 1,845,304 1,783,914
NET INCOME/(EXPENDITURE) 1,417,100 (69,257) 1,347,843 799,566
RECONCILIATION
OF FUNDS
Total funds brought forward 18,024,963 87,689 18,112,652 17,313,086
TOTAL FUNDS CARRIED FORWARD 19,442,063 18,432 19,460,495 18,112,652

2022 2021
Unrestricted Restricted Total Total
Notes funds
f		 funds
F		 funds
6		 fundsf
FIXEDASSETS
Tangible assets 12 2,528,631 2,528,631 2,653,575
Investments
Investments 13 1 1 1
Investment
property		 14 13,564,473 13,564,473 13,495,117
16,093,105 16,093,105 16,148,693
CURRENT ASSETS
Debtors: amounts falling due within one year 15 220,336 220,336 114,953
Debtors: amounts falling due after more than
one year 15 213,668 213,668 236,748
Cash at bank and in hand 3,124,581 18,432 3,143,013 3,137,330
3,558,585 18,432 3,577,017 3,489,031
CREDITORS
Amounts
falling due within one year		 16 (209,627) (209,627) (490,180)
NET CURRENT ASSETS 3,348,958 18,432 3,367,390 2,998,851
TOTAL ASSETS LESSCURRENT
LIABILITIES 19,442,063 18,432 19,460,495 19,147,544
CREDITORS
Amounts
falling due after more than one
year 17 (1,034,892)
NET ASSETS 19,442,063 18,432 19,460,495 18,112,652

FUNDS 20
Unrestricted funds:
General
fund		 19442 063 18024 963
Restricted funds:
Fetzer 600 100
Kar Sewa Patna Sahib Project 17,832 87,589
18,432 87,689
TOTALFU NDS 19469,495 19.112,652

Notes 2022
f		 2021
f
Cash flows from operating activities
Cash generated
from operations
1
Interest
paid		 1,498,596
~)8623		 1,000,510
~36.675
Net cash provided by operating
activities		 1,479,973 963,835
Cash flows from investing activities
Purchase oftangible fixed assets (112,227) (40,808)
Purchase
of investment
property		 (69,356) (201,556)
Sale oftangible
fixed assets		 4,850
Interest received 3,149 2,275
Unsecured
loan		 13,252 ~25D,000
Net cash used
in		 investing activities ~)65,)82) ~485,239)
Cash flows from financing activities
Loan repayments in year 1,309,108 1,309,108
Net cash used
in		 financing activities ~1,309,1D8) ~1.309.108)
Change
in cash		 and cash equivalents
in the reporting period 5,683 (830,512)
Cash and cash equivalents at the
beginning
ofthe		 reporting period 3,137,330 3,967,842
Cash and cash equivalents at the end
ofthe reporting period 3,143,013 3,137,330

RECONCILIATION
OF		 RECONCILIATION
OF		 NET INCOME TO NET INCOME TO NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES NET CASH FLOW FROM OPERATING ACTIVITIES NET CASH FLOW FROM OPERATING ACTIVITIES NET CASH FLOW FROM OPERATING ACTIVITIES
2022
f		 2021
F
Net income for the reporting period (as per the Statement of
Financial Activities) 1,347,843 799,566
Adjustments
for:
Depreciation
charges		 237,171 229,478
Profit on disposal of fixed assets (3,168)
Interest received (3,149) (2,275)
Interest paid 18,623 36,675
Increase
in debtors
Decrease
in creditors		 (95,555)
~6,337		 (39,266)
~20.500
Net cash provided by operations 1,498,596 1,000,~10
ANALYSIS OF CHANGES IN NET FUNDS
At 1.4.21
f		 Cash flow
6		 At 31.3.22
Net cash
Cash at bank and
in		 hand 3,137,330 5,683 3,143,013
3,137,330 5,683 3,143,013
Debt
Debts falling due within 1 year (309,108) 274,216 (34,892)
Debts falling due after 1 year ~1,034,892 1,034,092
~1,344,000 1,309,108 ~34,892
Total 1,793,330 1,314,791 3,108,121

Within
voluntary
income		 are the fol lowing
receipts re		 lating
to restricted		 gra nts:
2022 2021
f f
Kar Sewa Patna Sahib Renovation Project 577,743 324,635
Fetzer
INVESTMENT INCOME
2022
f		 2021
f
Rents received 865,785 1,130,898
Deposit account interest 3,149 2,275
868,934 1,133,173
RAISING FUNDS
Investment
management		 costs
2022
f		 2021
Security 90,052 99,533
Rates &water 48,055 68,292
Insurance 20,926 19,589
Light &heat 128,387 129,055
Investment
management		 costs 19,101 13,086
Bank charges 246 238
Bad debt provision 362,712
306,767 692,505
CHARITABLE ACTIVITIES COSTS
Grant
funding of
activities Support
(see note costs (see
6)f note 7)
f		 Totals
f
Premises costs 108,864 108,864
Support Costs 540,602 540,602
Grants paid to institutions 855,002 855,002
Grants paid to individuals 4,204 4,204
Governance
costs		 5,640 5,640
Finance costs 24,225 24,225
859,386 679331 1,538,537

GRANTS PAYABLE
2022
f		 2021
f
Grants paid to institutions 855,002 446,250
Grants paid to individuals 4,204
859,206 446,250
The total grants
paid		 to institutions during the year was as follows:
2022 2021
E
Birmingham
Faith Leaders Group		 250
GNNSJ Leeds 20,000 20,000
Onkar Divine Mission 26,000
British Sikh Consultative 1,000 1,000
Nishkam
Civic Association		 100,000 50,000
GNNSJ Kenya 200,000
Religion and Peace - University of Birmingham 20,000
Nishkam
Healthcare		 Trust 30,000 30,000
Kar Sewa India 447,000 345,000
Sundry Donations 6,001
Nihal Production 5,001
855,002 446,250
SUPPORT COSTS
Governance
Management costs Totals
5 6 E
Premises costs 108,864 108,864
Support Costs 540,602 540,602
Governance
costs		 5,640 5,640
Finance costs 24,225 24,225
673,691 ~5640 679,331

2022 2021
6 F
Fees payable to the charity's auditors for the audit ofthe charity's
financial statements ~5640 5,640
TRUSTEES' REMUNERATION AND BENEFITS
The trustees
received no remuneration		 or other benefits during the year ended 31 March 2022, nor fo
the year ended 31 March 2021 and earlier years.
Trustees' expenses
The trustees
have claimed		 no expenses during
the year		 ended 31 March 2022 nor for the year ended
31 March 2021 and earlier years.
STAFF COSTS
The Trust is managed
by volunteers		 and such has no paid employees.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted Restricted Total
funds funds funds
E 8 6
INCOME AND ENDOWMENTS FROM
Donations
and legacies		 1,122,503 324,636 1,447,139
Investment
income		 1,133,173 1,133,173
Other income 3 168 3,168
Total 2,258,844 324,636 2,583,480
EXPENDITURE ON
Raising funds 692,505 692,505
Charitable
activities
Premises costs 198,432 198,432
Support Costs 401,890 3 401,893
Grants paid to institutions 101,250 345,000 446,250
Governance
costs		 5,640 5,640
Finance costs 39,194 39,194
Total 1,438,911 345,003 1,783,914
NET INCOME/(EXPENDITURE) 819,933 (20,367) 799,566
RECONCILIATION
OF FUNDS
Total funds brought forward 17,205,030 108,056 17,313,086

COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued ACTIVITIES - continued
Unrestricted Restricted Total
funds
f		 funds
f		 funds
f
TOTAL FUNDS CARRIED FORWARD 18,024,963 87,689 18,112,652
TANGIBLE FIXEDASSETS
Improvements Fixtures
Freehold to and Motor
property
f		 property fittings
F		 vehicles
f		 Totals
f
COST
At 1 April 2021 3,180,008 1,402,818 469,078 25,225 5,077,129
Additions 112,227 112,227
At 31 March 2022 3,180,008 1,402,818 581,305 25,225 5,189,356
DEPRECIATION
At 1 April 2021 1,586,358 537,986 292,904 6,306 2,423,554
Charge for year 63,351 140,282 28,808 4,730 237,171
At 31 March 2022 1,649,709 670 260 321,712 11,036 2,660,725
NET BOOK VALUE
At 31 March 2022 1,530,299 724,550 259,593 14,189 2,528,631
At 31 March 2021 1,593,650 864,832 176,174 18,919 2653575,

Shares in
gl'oup
undertakings
f

INVESTMENT PROPERTY
FAIR VALUE
At 1 April 2021 13,495,117
Additions 66366
At 31 March 2022 13,564,473
NET BOOK VALUE
At 31 March 2022 13,564,473
At 31 March 2021 13,495,117
DEBTORS
2022
f		 2021
f
Amounts
falling due within one year:
Other debtors 200,608 49,306
Prepayments 19,728 65,647
~220 336 114,953
Amounts
falling due after more than one year:
Other debtors 213,668 236,748
Aggregate
amounts		 434,004 351,701

16. CREDITORS: AMOUNTS FALLING DUE FALLING DUE WITHIN ONE YEAR
2022 2021
6 F
Bank loans and overdrafts (see note 18) 34,892 309,108
Trade creditors 75,626 79,851
Taxation and social security 11,125 11,125
Other creditors 87,984 90,096
209,627 490,180
17. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2022 2021
6 8
Bank loans (see note 18) 1,034,892
18. LOANS
An analysis of the maturity ofloans is given below:
2022 2021
6 8
Amounts
falling due within		 one year on demand:
Bank loans 34,892 309,108
Amounts
falling due between		 two and five years:
Bank loans - 2-5years 1,034,892
19. SECURED DEBTS
The following secured debts are included within creditors:
2022
f		 2021
f
Bankloans 34,892 1,344,0DD

MOVEMENT IN FUNDS
Net
movement At
At 1.4.21
f		 in funds
f		 31.3.22
f
Unrestricted funds
General fund 18,024,963 1,417,100 19,442,063
Restricted funds
Fetzer
Kar Sewa Patna Sahib Project		 100
87589		 500
,~69,757)		 600
17,832
87,689 ~69,207 10,432
TOTAL FUNDS 18,112,652 1,347,843 19,460,495
Net movement
in funds,
included
in the above		 are as follows:
Incoming Resources Movement
resources
f		 expended
f		 in funds
f
Unrestricted
funds
General
fund		 2,615,404 (1,198,304) 1,417,100
Restricted funds
Fetzer
Kar Sewa Patna Sahib Project		 500
577,243		 ~647,400) 500
~00,707)
577,743 647,000 69,257
TOTAL FUNDS 3,193,147 J1,845,304) 1,347,843

Compar atives for movement
in funds
Net
movement At
At 1.4.20
f		 in funds
f		 31.3.21
f
Unrestricted funds
General fund 17,205,030 819,933 18,024,963
Restricted funds
Fetzer
Kar Sewa Patna Sahib Project		 103
107,953		 (3)
~20,364)		 100
87,589
108.056 ~20.367) 87,689
TOTAL FUNDS 17,313,086 799,566 18,112,652

A charitable
company		 in which Trust ee Mohind er Sing h Ahluwalia
has been		 a trustee.
2022 2021
6 6
During the year the charity purchased the following goods or services
Marg Sat Santokh
Manufacturers
Ltd		 4,475 493
Nishkam
Pharmacy		 Limited 1,010 2,655
Nishkam
Security Limited		 171,983 181,464
Sangat TV Limited 6,643 18,720
During the year the charity made the following donation:
Nishkam
Civic Association		 100,000 50,000
Nishkam
Healthcare		 Trust 30,000 30,000
Guru Nanak
Nishkam		 Sewak Jatha Leeds 20,000 20,000
During the year the charity received the following rent:
Nishkam
I-lealthcare		 Trust 30,000 30,000
Guru Nanak
Nishkam		 Education
Trust		 40,203 40,203
Nishkam
School Trust		 272,234 272,234
Nishkam
Pharmacy		 Limited 11,200 2,800
During the year the charity received the following donation:
Marg Sat Santokh
Manufacturers
Ltd		 72,000 135,639
Sangat Trust 54,410 184,477
During the year the charity received the following interest income:
Guru Nanak
Nishkam
Sewak Jatha		 Leeds 2,851
At the end ofthe year the following:
Amount
were due by Guru Nanak		 Nishkam Sewak Jatha (Birmingham) UK:
Sangat Trust 6,643
Amount
were owed		 to Guru Nanak Nishkam Sewak Jatha (Birmingham) UK:
Nishkam
Pharmacy		 Limited 2,800
Nishkam
Healthcare		 Trust 34,728

2022
6		 2021f
INCOME AND ENDOWMENTS
Donations
and legacies
Voluntary
income		 2,315,313 1,447,139
Investment
income
Rents received 865,785 1,130,898
Deposit account interest 3,149 2,275
868,934 1,133,173
Other income
Gain on sale oftangible fixed assets 8,900 3,168
Total incoming
resources		 3,193,147 2,583,480
EXPENDITURE
Investment
management		 costs
Security 90,052 99,533
Rates &water 48,055 68,292
Insurance 20,926 19,589
Light & heat 128,387 129,055
Investment
management		 costs 19,101 13,086
Bank charges 246 238
Bad debt provision 362,712
306,767 692,505
Charitable
activities
Grants to institutions 855,002 446,250
Grants to individuals 4,204
859,206 446,250
Support costs
Management
Rent, rates, water and service charges 2,940 1,579
Insurance 29,027 29,535
Light and heat 55,576 54,049
Telephone 2,830 5,505
Printing,
postage and stationery		 19,146 12,860
Advertising 10,481 19,459
Sundries 10,190 2,299
Premises
repairs and renewals		 21,321 114,565
Carried forward 151,511 239,851

2022 2021
6 6
Management
Brought forward
Transport
and carriage		 151,511
1,270		 239,851
433
Subscriptions 2,600 2,134
Flowers for gurudwara
Langar for worshippers
Bank charges		 23,711
118,677
5,602		 15,706
16,818
2,519
Hygiene
and cleaning
Security		 21,392
81,931		 7,674
81,931
Professional
fees		 11,203 6,300
Freehold
property		 63,351 63,351
Improvements
to property
Fixtures and fittings		 140,282
28,808		 140,282
19,539
Motor vehicles 4,730 6,306
Interest payable 18,623 36,675
673,691 639,519
Governance costs
Auditors'
remuneration		 5,640 5,640
Total resources expended 1,845,304 1,783,914
Net income 1,347,643 799.666