Bebe Nanki Charitsble Trust Charity registration number.. 508859 REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 BEBE NANKI HARITABLE TR Dipak Patel (Senior Sthtutory Allditorl For and Irhalf of A55Wlate5 1_Imited CharteTed Accountant5 Jnd Statutory Auditors 6) Delamere Road Ilai"e5 UB4 ONN BEBE NANKI CHARThABLE TRU Contents Page Tnjstees, Report Independent Auditor's Report Statement of Financial Activities Statement of Financial Position Notes to the Financial Statements 7-10 BEBE NANKI CHARThABLE TRU Trustees. Report For The Year Ended 31 December 2023 Report of the Trustees for the Year Ended 31 December 2023 The trustees present their report with the financial statements of the charity for the year ended 31 December 2023. The trustees have adopted the provisions of Accounting and Reporting by Charities Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) (effective January 2019). Structurei governance and management Governing document The charity is controlled by its governing document. a deed of trust and constitutes an unincorporated charity. Reference and administrative details Registered Charity number 508859 Principal Address 189 Rookery Road Handsworth Birmingham B21 9PX Reference and Administrative Detsils Trustees Mr Kalwant Singh Ajimal Mr Balbir Singh Gill Mr Avtar Singh Virdee Mr Daljit Singh Phullar Mrs 8imla Devi Lyall Mrs Nirmaljit Kaur Phull Mrs Amariit Kaur Kalsi Mrs Kulwinder Kaur Padhan Accountants PBG Associates Chartered Accountsnts 65 De1aMe￿ Road Hayes UB4 ONN ststement of trustees. responsibilities The trustees are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom General Accepted Accounting Practice). The law applicable to charities in England and Wales, the Charities Act 2011. Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed requires the trustees to prepare financial statements to each financial year which give a true and fair view of the stste of affairs of the charity and of the incoming ￿$oUr￿ and application of resources, including the income and expenditure, of the charity for that period. In preparing those financial statements. the trustees are required to select suitable accounting policies and then apply them consistentlyi observe the methods and principles in the Charity SORP. make judgements and estimates that a￿ reasonable and prudent. prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation. The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statement cornp￿ with the Charities Act 2011, the Charity (Accounts and Retx)rts} Regulations 2008 and the provision of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Page I IIAI•KI CMAAIT AW T•IrfV knJ•ly •￿j mil%* #Id￿1￿ Gurbanl klrtan. day st*t•r lor all. Ccmmvnlty Sw¥*•." PrcNtyJ+ng •ss•ntl•l hk• fr•• m••kn (L*ThgJr) 4fvJ *h•Xw etr th• ￿￿•I•ll. akyiqsld• l￿d banks •ThJ wpwt lor vulwabS• IrKllvpJu•h •rrtl famfrl*s. Tr• Ch•rtty ow w Gurus •nO Sn Gthi Grnnih SaNb J EtwMI Gun+ •rwJ scryknjrns d th• rxJp*s. %•ryTh¥ IrKlud• •Jva¥K•nwnt (* sIKn wq)agawi. (Y Slkh t••thhWaS of tyjr T B•t* N•n•*l Gurdw•rrn wovld•s • fNbJ• rnThJ• rf KtMt*•s for th• ccffimwlty {S•ryt) by Fwftymliwj funcuons os pr•y•rs, Gurpurnbs, Amrlt Sanomr, Akh•nd P•ths, ￿rtan D•rb•rs. clvil r•lbglws TM•dding s•rrf*•s, lind fun•r* 5wvlC4S. In * tr*ning. panja￿ *r¥Ju4o•s. Gurbkni Santhlya. Trl•alth Awarnrns•. byu71(*lTrJ Se¥• (S•hl•s% Sv¥k•5} as VAM a¥ IMiu•l oowtynltMs for our w¢rn to ensur• tslrrw iTrJustM. Wé havo undèrtsk•n Ilonlfkant tn r•ntsvatr and ImwJv• th• I￿￿11n9 cl•anlTrJ aThl r•p•ir (* IM •st•t•s. In 2023 on• of th• vitthrs Irr•sp•¢*lv• ol f41th, gst•. x ccmmrtr*, viYui)tary S•v&J•ars aThJ c(rylytx￿. w• can c￿onU• TNtth thlucatwwl and f￿rea0(￿aTr dass•s as OeknDea •arf*r wnKn w•re aNuptw aunrwj Ilx CovKI.19 panoemK, thts Is • h￿h th• Trust 8oarf and Manwrnnt t•am. Thwe we also plans tr th• Gur(Iw•rrn ty ￿ntInue r•nov*t th• front fxaO•. thls fw4lns • h4h M•n•9•m•nt. •LlMfft￿rnkn aNI L*h•r fvx th• y•v amint•O ty £￿,971 c￿1￿￿¥] to th• y•ar crf £167.698. LOL. kl I K•uf Kajsi . Tr￿ Mr Boltrir Singb G411 . Trust C*• . Iviir2025 D•i• - IIIIV2025 Independent Auditor's Report to the Members of BEBE NANKI CHARITABLE TRUST Opinion We have audited the financial statements of BEBE NANKI CHARtfABLE TRU5[ (the "charity'l for the year ended 31 December 2023 which comprise the Statement of Financial Activities (including Income and Expenditure Account), Statement of Financial Position and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of I￿13nd, In our opinion the financial ststements- give a true and fair view of the state of the charity's affairs as at 31 December 2023 and of its incoming resources and application of resources, for the year then ended. have been properly prepa￿d in accordance with United Kingdom Generally Accepted Accounting Practice,. and have been prepared in accordance with the requirements of the Charities Att 2011. Basis for Opinion We condurted our audit in accordance with International Standards on Auditing (UK) (ISAS (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical Standard, and we have ftjlfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Conclusions Relating to Going Concern In auditing the financial statements, we have concluded that the trustees. use of the going concem basis of accounting in the preparation of the financial statements is appmpriate. Based on the work we have perfomied, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least 12 months from when the financial statements a￿ authorised for issue. Our responsibilities and the ￿spOnsibl11t1es of the trustees with respect to going concem are described in the relevant sections of this port. other Inforniation The other information comprises the information included in the annual report, other than the financial statements and our auditor's report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and we do not express any form of assurance conclusion thereon. In connection with our audit of the ffinancial statements, our reS￿nsIbIlity is to read the other information and, in doing so, consider whether the other infomiation is materially inconsistent with the financial ststements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or appa￿nt material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other irrformation, we are required to report that fact. We have nothing to report in this regard. Matters on Which We Are Required to Report by Exception We have nothing to ￿port in respett of the following matters in ￿latiOn to which the Charities (Accounts and Reports) Regulations 2008 require us to report to you if, in our opinion= the information given in the Trustees, Report is inconsistent in any material respect with the financial statements. or suffficient accounting records have not been kept. or the financial statements are not in agreement with the accounting records or returns- or we have not received all the information and explanations we require for our audit. Responsibilities of Trustees As explained MO￿ fully in the Trustees, Responsibilities Statement set out on page l. the trustees a￿ ￿Sponsible for the p￿paratIOn of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misststement, whether due to fraud or error. In preparing the financial ststements, the trustees are responsible for assessing the charity's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concem basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so. Page 3 Independent Auditor's Report (continued) to the Members of BEBE NANKI CHARITABLE TRUST Auditor's Responsibilities for the Audit of the Financial Statements We have been appointed as auditors under Section 144 of the Charities Act 2011 and report in accordance with the Act and ￿levant regulations made or having effect thereunder. Our objectives are to obtsin reasonable assurance about whether the financial ststements as a whole are free from material misststement, whether due to fraud or error, and to issue a Report of the Independent Auditor that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with Is￿ (UK) will always detect a material misststement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material mi5Statements in respect of i￿egUlar1ties, including fraud. The extent to which our procedures are capable of deterting irregularities, including fraud, is detailed below. However, the primary responsibility for the prevention and detection of fraud rests with the trustees of the trust Enquiring with managernent and other5 to gain an understanding of the t￿st including activitie5, financial reporting and known fraud or error,. Evaluating and understsnding the internal control system- Performing analytical procedures as expecteij or unexpected variances in account balances or classes of transactions appear. Identification of Laws and regulations that are of significance in the context of the charity. The key laws and regulations we considered in this context included Charities Art 2011, The Charities (Accounts and Reports) Regulations 2008 and guidance issued by the Charities Commission for England and Wales. Evaluated the appropriateness of accounting policies useil and the reasonableness of accounting estimates and related disclosures made by the Trustees. Conclude on the appropriateness of the Trustees, use of the going concern basis of ccounting and, based on the audit evidence obtained, whether a material un￿rtaInty exists related to events or conditions that may cast significant doubt on the Charity's ability to continue as a going concern. Evaluated the overall presentation, strurture and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation (i.e. gives a true and fair view). In addressing the risk of fraud through override of controls, testing the appropriateness Df journal entries and other adjustments, assessing whether the judgements made in making accounting estimates are indicative of a potential bias, and evaluating the rationale of any s￿nIfICant tranS￿tionS that are unusual or outside the normal course of the trust's activities. Because of the inherent limitstions of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-complian￿ with regulations. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation. A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors. Use Of Our Report This report is made solely to the charity's trustees, as a body, in accordan￿ with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charity's truste￿ those matters that we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity's trustees as a body, for our audit work, for this report, or for the opinions we have formed. Dipak Patel (Senior Statutory Auditor) For and on behalf of PBG Associates Limited Chartered Accountants and statutory Auditors 65 Delamere Road Hayes, UB4 ONN Date - 11/1112025 Pagc 4 BEBE NANKI CHARThABLE TRU statement of Financial Activities For The Year Ended 31 December 2023 2023 2022 Unrestricted Unrestricted funds funds INCOME AND ENDOWMENTS FROM: Donations and legacies Income from other trading activities 270,845 33,325 249,094 29,220 Total Incoming Resources 304, 170 278,314 EXPENDITURE ON: Raising funds Other support costs 39,514 174,457 22,249 145,449 Total 213,971 167,698 NET INCOMING RESOURCES FOR THE YEAR 90,199 110,616 NEf MOVEMENT IN FUNDS 90,199 110,616 RECONCILIATION OF FUNDS: Total funds brought forward 2,847,733 2,737,117 TOTAL FUNDS CARRIED FORWARD 15 2,937,932 2,847,733 The notes on pages 7 to 10 form part of these financial statements. Page i NANKI CHAAITAIIL• T Avsr A• At 31 D•(•ml••r 2013 2023 X122 2.616,12J 2W,836 2.616,123 2.646,836 Cash •t b•n* •rnJ In h•Tr 764.187 671￿15 764.187 671.845 12 (40.264> (38.303) n3,923 633.542 3W.016 3.2450.37• 13 {402. 114) {432.645) 937.932 1847.733 UnrwtrlLt•d Fun¢ts 2.937,932 2.847.733 TOTAL IiINDS 15 1937.932 1847.TJ3 (* the board tsy: gaL, Ih40 Mr Ba￿1r sinoh Gill Mrs Amatyt Kaur Ka D•t• - III1112025 BEBE NANKI CHARThABLE TRU Notes to the Financial Statements For The Year Ended 31 December 2023 l. General Information BEBE NANKI CHARtfABLE TRUST is an unincorporated charity Wistered with the Charity Commission, regISte￿d charity number 508859. The principal address 1$ 189 Rookery Road. Handsworth. Birmingham. B21 9PX. 2. Accounting Policies 2.1. Basis of Preparation of Financial Statements The financial ststements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP {FRS 1021 'Accounting and Reportir¥J by Charities Statement of Recommended Prattice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) (effertive I lanuary 2019)., Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Charities Act 2011. The financial statements have been prepared under the historical cost convention. The financial statements are prepared in sterling, which is the funrtional and presentation currency of the trust. 2.2. Going concern basis of accounting The financial statements have been prepared on the assuwnption that the charity is able to continue as a going COn￿rn, which the trustees consider appropriate having regard to the current level of unrestritted reserves. There are no material uncertainties about the charity's ability to continue as a going concern. 2.3.Income Cash donations are recognised on re￿ipt. Other donations are recognised On￿ the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under gift aid or deeds of covenant is recognised at the time of the donation. Legacies are ￿cOgnised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and ￿(eipt is expected. If the amount is known, the legacy is t￿ated as a contingent asset. Interest income is accrued when it is probable that the economic benefits will flow to the entity and the amount of income can be measured reliably. Rentsl income is ￿cOgnised on a straight-line basis over the lease term within income from investments. 2.4. Expenditure Liabilities are recognized as expenditure as soon as there is a legal or construrtive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cos related to the category. Where costs cannot be directly attributed to particular headings, they have been allocated to artivities on a basis consistent with the use of resources. 2.5. Tangible fixed assets Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. The useful life of the assets is as below: F￿ehOld properties upto 100 years Fixtures and Fittings upto 5 years 2.6. Cash and Cash equivalents Cash and Cash equivalents include cash in hand. deposits held at call with banks, other short-term liquid investments with original maturities of thrtt rnonths or less. and bank overdrafts. Bank overdrafts are shown within iK)rrowings in cu￿ent 2.6. Fund accounting Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity Restrictions arise when specified by the doTh)r or when funds are raised for particular restrirted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. 2.7. Interest Expenses Interest expense is typically recc#Jnized as an expense in statement of financial activities when it accrues. 2. Critical accounting estimates and judgement In the application of the charity's accounting policies. the trustees are required to wnake judgewnents. estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factOf5 that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.1 Page 7 BEBE NANKI CHARThABLE TRusr Notes to the Financial Statements (continued) For The Year Ended 31 December 2023 3. Income from Donation5 and Legacies 2023 2022 Unrestricted Unrestricted funds funds Donations and gifts Gift aid 251,166 19,679 242,213 6,881 270,845 249,094 4. Other Income 2023 2022 Unrestricted Unrestricted funds funds Rentsl and other income from property 33,325 29,220 5. Net Incomel(Expenditure) The net income is ststed after charging1{crediting): 2023 2022 Depreciation of tangible fixed assets - owned 30,713 32,096 6. Analysis of Expenditure 2023 Activities undertaken Support directly costs (see note 7 ) (see note 8 ) Total Raising funds 39,514 174,457 213971 2022 Activities undertaken Support directly costs {see note 7 ) (see note 8 ) Totsl Raising funds 22,249 145,449 167,698 7. Direct Costs 2023 Raising funds Cost of goods sold.. PLJrchases 39,514 2022 Raising funds Cost of goods sold.. Purchases 22,249 Page 8 BEBE NANKI CHARThABLE TRU N¢)tss to the Financial Statements (continued) For The Year Ended 31 December 2023 8. Support Costs 2023 Raising funds Premises expenses General administrab.on Depreciation Interest payable 98,005 10,613 30,713 35,126 174,457 2022 Raising funds p￿mISeS expenses General administration 85,776 7,528 32,096 20,049 Depreciation Interest payable 145,449 9. Trustees. remuneration and benefrts There were no trustees, remuneration or other benefits for the year ended 31 December 2023 nor for the year ended 31 December 2022. Trustees, expenses There were no trustees, expenses paid for the year ended 31 December 2023 nor for the year ended 31 December 2022. 10. Average Number of Employees Average number of employees during the year was= NIL (2022=NIL) 11. Tangible Assets Land & Property Freehold Fixtures & Fittings Total Cost As at l January 2023 3,067,711 151,661 3,219,372 As at 31 De￿rnber 2023 3,067,711 151,661 3,219,372 Depreciation As at l January 2023 Charge for the year 443,216 26,245 129,320 4,468 572,536 30,713 As at 31 December 2023 469,461 133,788 603,249 Net Book Value As at 31 December 2023 2,598,250 17,873 2,616,123 As at l January 2023 2,624,495 22,341 2,646,836 Page 9 BEBE NANKI CHARThABLE TRU N¢)tss to the Financial Statements (continued) For The Year Ended 31 December 2023 12. Creditors: Amounts Falling Due Within One Year 2023 2022 Bank loans and overdrafts other creditors 34,491 5,773 37,530 773 40,264 38,303 13. Creditors: Amounts Falling Due After More Than One Year 2023 2022 Bank loans 402,114 432,645 14. Loans An analysis of the maturity of loans is given below: 2023 2022 Amounts falling due within one year or on demand= Bank loans 34,491 37,530 2023 2022 Amounts falling due between one and five years= Bank loans 402,114 432,645 15. Movement in Funds Asati January 2023 Asat31 December 2023 Income Expenditure Unrestrirted funds General.. General Un￿strICted fund 2,847.733 304,170 (213,971) 2,937,932 Total funds 2.847,733 304,170 (213,971) 2,937,932 Asati January 2022 Asat31 December 2022 Income Expenditure Unrestrirted funds General.. General unrestrirted fund 2,737,117 278,314 (167,698) 2,847,733 Total funds 2.737,117 278,314 (167,698) 2,847,733 16. Related Party Disclosures There were no related party transactions for the year ended 31 Decernber 2023. Throughout the current year and previous period, the charity was not under control of any single individual or entity. Pagc 10