REGISTERED CHARITY NUMBER: 1017427
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 30 April 2021
for
Leicester Sikh Centre and Guru Amardas Gurdwara
Leicester Sikh Centre and Guru Amardas Gurdwara
Contents of the Financial Statements for the Year Ended 30 April 2021
| Page | ||
|---|---|---|
| Report of the Trustees | 1 to | 3 |
| Independent Examiner's Report | 4 | |
| Statement of Financial Activities | 5 | |
| Balance Sheet | 6 | |
| Notes to the Financial Statements | 7 to | 13 |
Leicester Sikh Centre and Guru Amardas Gurdwara
Report of the Trustees
for the Year Ended 30 April 2021
The trustees present their report with the financial statements of the charity for the year ended 30 April 2021. 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 (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The objectives of the charity as laid down in the Declaration of Trust dated 1 November 2014 are;
-
the advancement of sikh religion (including religious education)
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the advancement of education particularly in English and Punjabi languages and the teaching of Sikh history, culture and customs
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the relief of poverty
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the relief of the aged, sick, infirm and disabled
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the provision of recreational and meeting facilities or other leisure time occupations in the interest of social welfare with the object of improving the conditions of life of such members of the Sikh community who are in need thereof by reason of their youth, age, infirmity, disablement, poverty or social and economic circumstances
-
the promotions of good relations between persons of different racial and ethnic groups
Significant activities
The charity has broadly two activities that further the objectives. The charity's property houses the Guru Amar Das Gurdwara which provides for all religious needs of the community. The property also functions as a community centre where numerous activities take place for members.
Public benefit
The trustees have had due regard to guidance published by the Charity Commission with regard to public benefit and consider that the charity acts in accordance with guidance.
Grantmaking
Grants are made to other institutions to provide releif of the aged, sick, infirm and disabled and of poverty.
ACHIEVEMENT AND PERFORMANCE Charitable activities
During the year the charity has provided a number of specific activities in accordance with its objectives:
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The centre is open every day for morning and evening religious services - bigger services are held over weekends;
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Students from schools and universities visit to learn about the Sikh religion;
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A weekly luncheon club is operated;
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Punjabi language classes are held three times a week;
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A well-stocked library is maintained with computer and internet services available;
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Various sports are actively promoted at the centre and in the wider community;
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Two keep fit sessions for the over 50's are provided every week;
-
A women's group meets regularly.
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Leicester Sikh Centre and Guru Amardas Gurdwara
Report of the Trustees for the Year Ended 30 April 2021
FINANCIAL REVIEW
Financial position
The total income for the year was £174,155 (2020: £201,359) which, after deducting expenditure of £135,404 (2020: £148,831) resulted in net income of £38,751 (2020: £52,528).
At 31 March 2021 the charity had total reserves of £1,016,914 (2020: £978,163). £40,970 (2020: £1,121) of this is held in restricted funds.
The Covid-19 pandemic has impacted the charity's income as the Guru Amardas Gudwara and Community Centre were closed for significant periods while the country was under restrictions. Fewer donations were received during the year.
Donations are the principle funding source which allows the Charity to run the building and offer religious ceremonies, education and facilities to the local community.
Reserves policy
The trustees have agreed a reserves policy, that specifies a range of levels, considered necessary to protect the operations of the charity in the event of any loss of anticipated income. The levels set aim to cover a between three to six months of unrestricted expenditure and a contingency in respect of costs associated with the premises.
The level of reserves held at 30 April 2021, after deducting the value of tangible assets, exceeded the level specified in the policy. The charity has considerable liquid reserves which are expected to be utilised in the continuing overhaul of the premises in order to maintain the aging premises and meet with the changing needs of the community.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
Freehold Property
Jagdev Kaur Gill and Sukhdev Singh Sangha hold title to the Freehold Property on behalf of the charity.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
1017427
Principal address
219 - 227 Clarendon Park Road Leicester Leicestershire LE2 3AN
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Leicester Sikh Centre and Guru Amardas Gurdwara
Report of the Trustees for the Year Ended 30 April 2021
Trustees
S S Sangha D Singh H K Rai J Singh S S Bains H S Gawera R S Gawera R S Minhas J K Gill H S Gill S S Bains S S Seehra R Rana A S Dosanjh A Singh
Independent Examiner
torr waterfield Park House 37 Clarence Street Leicester Leicestershire LE1 3RW
Approved by order of the board of trustees on 28 January 2022 and signed on its behalf by:
J Singh - Trustee
Page 3
Independent Examiner's Report to the Trustees of Leicester Sikh Centre and
Guru Amardas Gurdwara
Independent examiner's report to the trustees of Leicester Sikh Centre and Guru Amardas Gurdwara
I report to the charity trustees on my examination of the accounts of Leicester Sikh Centre and Guru Amardas Gurdwara (the Trust) for the year ended 30 April 2021.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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accounting records were not kept in respect of the Trust as required by section 130 of the Act; or 2. the accounts do not accord with those records; or
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the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Nishitkumar Bathia FCA torr waterfield Park House 37 Clarence Street Leicester Leicestershire LE1 3RW
11 February 2022
Page 4
Leicester Sikh Centre and Guru Amardas Gurdwara
Statement of Financial Activities for the Year Ended 30 April 2021
| Notes INCOME AND ENDOWMENTS FROM Donations and legacies Charitable activities Gurdwara Investment income 2 Total EXPENDITURE ON Charitable activities 3 Community Centre Gurdwara Total NET INCOME/(EXPENDITURE) RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
Unrestricted fund £ 97,962 15,000 6,025 118,987 16,064 104,022 120,086 (1,099) 977,042 975,943 |
Restricted funds £ 6,968 48,200 - 55,168 2,168 13,150 15,318 39,850 1,121 40,971 |
30.4.21 Total funds £ 104,930 63,200 6,025 174,155 18,232 117,172 135,404 38,751 978,163 1,016,914 |
30.4.20 Total funds £ 194,562 - 6,797 |
|---|---|---|---|---|
| 201,359 26,774 122,057 |
||||
| 148,831 | ||||
| 52,528 925,635 |
||||
| 978,163 |
The notes form part of these financial statements
Page 5
Leicester Sikh Centre and Guru Amardas Gurdwara
Balance Sheet
30 April 2021
| Notes FIXED ASSETS Tangible assets 9 CURRENT ASSETS Investments 10 Cash at bank and in hand CREDITORS Amounts falling due within one year 11 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS 12 Unrestricted funds Restricted funds TOTAL FUNDS |
Unrestricted fund £ 667,169 251,500 67,390 318,890 (10,115) 308,775 975,944 975,944 |
Restricted funds £ 40,970 - - - - - 40,970 40,970 |
30.4.21 Total funds £ 708,139 251,500 67,390 318,890 (10,115) 308,775 1,016,914 1,016,914 975,944 40,970 1,016,914 |
30.4.20 Total funds £ 527,279 301,500 153,522 455,022 (4,138) 450,884 978,163 978,163 977,042 1,121 978,163 |
|---|---|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 28 January 2022 and were signed on its behalf by:
J Singh - Trustee
J K Gill - Trustee
The notes form part of these financial statements
Page 6
Leicester Sikh Centre and Guru Amardas Gurdwara
Notes to the Financial Statements for the Year Ended 30 April 2021
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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 (FRS 102) (effective 1 January 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.
Financial reporting standard 102 - reduced disclosure exemptions
The charity has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland':
- the requirements of Section 7 Statement of Cash Flows.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive 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 cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - Not provided Improvements to property - 10% on cost Fixtures and fittings - 15% on cost Computer equipment - 33% on cost
Taxation
The charity is exempt from tax on its charitable activities.
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 donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
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Leicester Sikh Centre and Guru Amardas Gurdwara
Notes to the Financial Statements - continued for the Year Ended 30 April 2021
1. ACCOUNTING POLICIES - continued
Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
Creditors
Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
Current asset investments
Current asset investments comprises cash on deposit with a maturity of less than one year, held for investment purposes rather than to meet short-term cash commitments.
2. INVESTMENT INCOME
| INVESTMENT INCOME | ||
|---|---|---|
| 30.4.21 | 30.4.20 | |
| £ | £ | |
| Rents received | 6,000 | 6,089 |
| Bank account interest | 25 | 708 |
| 6,025 | 6,797 |
3. CHARITABLE ACTIVITIES COSTS
| Direct Costs £ Community Centre - Gurdwara 37,553 37,553 GRANTS PAYABLE Gurdwara The total grants paid to institutions during the year was as follows: NHS LCC Social Services Khalsa Aid International |
Grant funding of activities (see note 4) £ - 32,500 32,500 |
Support costs (see note 5) £ 18,232 47,119 65,351 30.4.21 £ 32,500 30.4.21 £ 25,000 5,000 2,500 32,500 |
Totals £ 18,232 117,172 |
Totals £ 18,232 117,172 |
|---|---|---|---|---|
| 135,404 | ||||
| 30.4.20 £ - |
||||
| 30.4.20 £ - - - |
||||
| - |
4. GRANTS PAYABLE
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Leicester Sikh Centre and Guru Amardas Gurdwara
Notes to the Financial Statements - continued for the Year Ended 30 April 2021
5. SUPPORT COSTS
| SUPPORT COSTS | |||
|---|---|---|---|
| Governance | |||
| Management | costs | Totals | |
| £ | £ | £ | |
| Community Centre | 17,692 | 540 | 18,232 |
| Gurdwara | 45,859 | 1,260 | 47,119 |
| 63,551 | 1,800 | 65,351 | |
| Activity | Basis of allocation | ||
| Management | Non-direct costs are split 30% Community | Centre and 70% | Gurdwara |
| Governance costs | Non-direct costs are split 30% Community | Centre and 70% | Gurdwara |
These proportions are based on management time allocated to each charitable activity.
6. INDEPENDENT EXAMINER'S REMUNERATION
| 30.4.21 | 30.4.20 | |
|---|---|---|
| £ | £ | |
| Independent Examiner's Fees - External scrutiny and report | 600 | 300 |
| Independent Examiner's Fees - Accountancy services | 1,200 | 900 |
| 1,800 | 1,200 | |
7. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 30 April 2021 nor for the year ended 30 April 2020.
Trustees' expenses
There were no trustees' expenses paid for the year ended 30 April 2021 nor for the year ended 30 April 2020.
8. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted fund £ INCOME AND ENDOWMENTS FROM Donations and legacies 182,174 Investment income 6,797 Total 188,971 EXPENDITURE ON Charitable activities Community Centre 26,774 Gurdwara 110,521 Total 137,295 NET INCOME 51,676 |
Restricted funds £ 12,388 - 12,388 - 11,536 11,536 852 |
Total funds £ 194,562 6,797 |
|---|---|---|
| 201,359 26,774 122,057 |
||
| 148,831 | ||
| 52,528 |
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Leicester Sikh Centre and Guru Amardas Gurdwara
Notes to the Financial Statements - continued for the Year Ended 30 April 2021
| 8. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued Unrestricted Restricted fund funds £ £ RECONCILIATION OF FUNDS Total funds brought forward 925,366 269 TOTAL FUNDS CARRIED FORWARD 977,042 1,121 9. TANGIBLE FIXED ASSETS Improvements Fixtures Freehold to and Computer property property fittings equipment £ £ £ £ COST At 1 May 2020 527,279 - - - Additions - 82,021 125,114 1,825 At 30 April 2021 527,279 82,021 125,114 1,825 DEPRECIATION Charge for year - 8,202 19,296 602 NET BOOK VALUE At 30 April 2021 527,279 73,819 105,818 1,223 At 30 April 2020 527,279 - - - 10. CURRENT ASSET INVESTMENTS 30.4.21 £ Short term deposits 251,500 |
Total funds £ 925,635 978,163 Totals £ 527,279 208,960 736,239 28,100 708,139 527,279 30.4.20 £ 301,500 |
Total funds £ 925,635 |
|---|---|---|
| 978,163 |
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Leicester Sikh Centre and Guru Amardas Gurdwara
Notes to the Financial Statements - continued for the Year Ended 30 April 2021
11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| 30.4.21 | 30.4.20 | |||
|---|---|---|---|---|
| £ | £ | |||
| Trade creditors | 3,552 | - | ||
| Accruals and deferred income | 6,563 | 4,138 | ||
| 10,115 | 4,138 | |||
| 12. | MOVEMENT IN FUNDS | |||
| Net | ||||
| movement | At | |||
| At 1.5.20 | in funds | 30.4.21 | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 977,042 | (1,098) | 975,944 | |
| Restricted funds | ||||
| Lunch club | 269 | (269) | - | |
| NHS donations | 852 | (852) | - | |
| CCTV and Security | - | 40,970 | 40,970 | |
| 1,121 | 39,849 | 40,970 | ||
| TOTAL FUNDS | 978,163 | 38,751 | 1,016,914 | |
| Net movement in funds, included in the above are as follows: | ||||
| Incoming | Resources | Movement | ||
| resources | expended | in funds | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 118,987 | (120,085) | (1,098) | |
| Restricted funds | ||||
| Giani | 6,968 | (6,968) | - | |
| Lunch club | - | (269) | (269) | |
| NHS donations | - | (852) | (852) | |
| CCTV and Security | 48,200 | (7,230) | 40,970 | |
| 55,168 | (15,319) | 39,849 | ||
| TOTAL FUNDS | 174,155 | (135,404) | 38,751 |
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Leicester Sikh Centre and Guru Amardas Gurdwara
Notes to the Financial Statements - continued for the Year Ended 30 April 2021
12. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| Unrestricted funds General fund Restricted funds Lunch club NHS donations TOTAL FUNDS |
At 1.5.19 £ 925,366 269 - 269 925,635 |
Net movement in funds £ 51,676 - 852 852 52,528 |
At 30.4.20 £ 977,042 269 852 |
|---|---|---|---|
| 1,121 | |||
| 978,163 |
Comparative net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Restricted funds Giani NHS donations TOTAL FUNDS |
Incoming resources £ 188,971 11,536 852 12,388 201,359 |
Resources Movement expended in funds £ £ (137,295) 51,676 (11,536) - - 852 (11,536) 852 (148,831) 52,528 |
|---|---|---|
Giani fund
The Giana fund consists of donations received by the Charity for onward payment to the priests. All donations received are paid in the same accounting period.
Lunch Club fund
The Lunch Club fund consists of donations received towards offering a lunch club service for older people to allow them to maintain their independence and reduce isolation. The brought forward fund balance of £269 was fully expended during the year to 30 April 2021.
NHS Donations
The NHS Donations fund consists of donations received by the Charity for onward payment to the NHS. The brought forward fund balance of £852 was fully expended during the year to 30 April 2021.
CCTV and Security
A grant of £48,200 was received from the Protective Security funding scheme towards the cost of installing CCTV and Security at the Gudwara. This amount was fully expended during the year. The fund balance of £40,670 represents the net book value of the CCTV and Security assets held at 30 April 2021.
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Leicester Sikh Centre and Guru Amardas Gurdwara
Notes to the Financial Statements - continued for the Year Ended 30 April 2021
13. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 30 April 2021.
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