LEICESTER SIKH CENTRE & GURU AMARD DAS GURDWARA 219-227 CLARENDON PARK ROAD LEICESTER LE2 3AN
TELEPHONE: 0116 2701 705
REGISTERED CHARITY No. 1017427
CHAIRPERSON ANNUAL REPORT
FOR THE PERIOD OF 1[ST] MAY 2021 TO 30[TH] 2022
The Leicester Sikh Centre is also known as Guru Amar Das Gurdwara, the centre although still provide and maintain the existing services and introduce activities as needed by the community.
GENERAL CHARITABLE PURPOSES
1 A drop in seven days a week
2 Lunch on club which is held twice a week funded by the centre
3 keep fit classes for the 50+ for Men and Women. There are separate facilities provided for men and women , classes are held twice a week.
RELIGIOUS ACTIVITIES
1 There is a morning and evening services and a large gathering over the weekend.
2 All-important occasions such as VASAKHI , DIWALI and other days related to the life of the Gurus also celebrated. On these days attendance exceed 400 to 500 people.
EDUCATION
1 There are Punjabi teaching classes held for 6 -18 years olds which take place three times a week. The centre has a well-stocked Library with books on various topics, artworks such as religious and historical paintings are displayed. The library also house computers which has internet access.
2 The Centre allows for visits from children from various Schools , Colleges and sometimes Universities to learn about Sikh religious.
SPORTS AND RECREATION
1 The centre sponsors a football team called the Leicester Sikh Centre and Guru Amar das Gurdwara football club.
2 There are Gatka (Sikh martial art) classes taught regularly.
3 An annual festival known as Teeyan Da Mela organised be the centre women group, This mela is largely for the young women, held one a year.
CHARITABLE WORK
1 The centre is committed to help people in difficulties such as natural disasters like COVID-19 Such like ;we offer financial help and we hold fund raising event for KHASLA AID CHARITY;WHICH PROVIDE HELP ALL OVER THE WORLD for needy people. Their main aim is to provide Food and shelter where ever is required.
Covid-19 time in 2020 we raised fund for NHS Leicester Hospitals charity and Leicester Social services .£25000 and £5000 respectively. We provide LANGAR (FOOD) TO overseas students daily for 100 to 150 students and in need of food people visit the gurdwara.
ENVIRONMENT AND CONVERSION
Our centre is keen on recycling and wastage is separated to make easy separation.
2 To enhance the surrounding area of the main building , seasonal flowers and greenery is planted.
OTHER AGENCIES
The centre is affiliated with Local Charities such as age concern, Lunch on Clubs and other religious namely Hindu Temples, churches and Gurdwaras.
Future Plans
We always looking for available and suitable piece of land with a view to purchase and develop it
Recently we upgraded the kitchen and the toilets for men and women also installed the new internal doors in corridors and to langar hall.
With the home office funding , new security cameras and burglar alarm and new fence in the rear parking installed.
Yours sincerely
Mrs Jagdev Kaur Gill CHAIRPERPERSON
REGISTERED CHARITY NUMBER: 1017427
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 30 April 2022
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 2022
| 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 |
| Detailed Statement of Financial Activities | 14 | to | 15 |
Leicester Sikh Centre and Guru Amardas Gurdwara
Report of the Trustees for the Year Ended 30 April 2022
The trustees present their report with the financial statements of the charity for the year ended 30 April 2022. 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)
-
the advancement of education particularly in English and Punjabi languages and the teaching of Sikh history, culture and customs
-
the relief of poverty
-
the relief of the aged, sick, infirm and disabled
-
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:
-
The centre is open every day for morning and evening religious services - bigger services are held over weekends;
-
Students from schools and universities visit to learn about the Sikh religion;
-
A weekly luncheon club is operated;
-
Punjabi language classes are held three times a week;
-
A well-stocked library is maintained with computer and internet services available;
-
Various sports are actively promoted at the centre and in the wider community;
-
Two keep fit sessions for the over 50's are provided every week;
-
A women's group meets regularly.
FINANCIAL REVIEW
Financial position
The total income for the year was £174,791 (2021: £174,155) which, after deducting expenditure of £162,184 (2021: £135,404) resulted in net income of £12,607 (2021: £38,751).
At 30 April 2022 the charity had total reserves of £1,029,521 (2021: £1,016,914). £33,740 (2021: £40,970) of this is held in restricted funds.
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.
Page 1
Leicester Sikh Centre and Guru Amardas Gurdwara
Report of the Trustees for the Year Ended 30 April 2022
FINANCIAL REVIEW
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 2022, 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
Trustees
S S Sangha D Singh A Singh 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 H K Rai
Independent Examiner
torr waterfield Park House 37 Clarence Street Leicester Leicestershire LE1 3RW
Page 2
Leicester Sikh Centre and Guru Amardas Gurdwara
Report of the Trustees for the Year Ended 30 April 2022
Approved by order of the board of trustees on ............................................. 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 2022.
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:
-
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
-
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
Date: .............................................
Page 4
Leicester Sikh Centre and Guru Amardas Gurdwara
Statement of Financial Activities for the Year Ended 30 April 2022
| 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 £ 150,449 - 6,000 156,449 25,178 111,434 136,612 19,837 975,944 995,781 |
Restricted funds £ 18,342 - - 18,342 2,169 23,403 25,572 (7,230) 40,970 33,740 |
30.4.22 Total funds £ 168,791 - 6,000 174,791 27,347 134,837 162,184 12,607 1,016,914 1,029,521 |
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 |
The notes form part of these financial statements
Page 5
Leicester Sikh Centre and Guru Amardas Gurdwara
Balance Sheet
30 April 2022
| Notes FIXED ASSETS Tangible assets 9 CURRENT ASSETS Debtors 10 Investments 11 Cash at bank and in hand CREDITORS Amounts falling due within one year 12 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS 13 Unrestricted funds Restricted funds TOTAL FUNDS |
Unrestricted fund £ 652,164 3,275 251,500 95,825 350,600 (6,983) 343,617 995,781 995,781 |
Restricted funds £ 33,740 - - - - - - 33,740 33,740 |
30.4.22 Total funds £ 685,904 3,275 251,500 95,825 350,600 (6,983) 343,617 1,029,521 1,029,521 995,781 33,740 1,029,521 |
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 |
|---|---|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:
............................................. J Singh - 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 2022
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 | - 2% on cost and includes land not being depreciated |
|---|---|
| Improvements to property | - 10% on cost |
| Plant and machinery | - 20% 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.
Page 7
continued...
Leicester Sikh Centre and Guru Amardas Gurdwara
Notes to the Financial Statements - continued for the Year Ended 30 April 2022
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 | ||
|---|---|---|
| 30.4.22 | 30.4.21 | |
| £ | £ | |
| Rents received | 6,000 | 6,000 |
| Bank account interest | - | 25 |
| 6,000 | 6,025 |
3. CHARITABLE ACTIVITIES COSTS
| Grant funding of activities Direct (see note Costs 4) £ £ Community Centre - - Gurdwara 66,032 5,001 66,032 5,001 GRANTS PAYABLE Gurdwara The total grants paid to institutions during the year was as follows: NHS LCC Social Services Khalsa Aid International Sikh Troops War Memorial |
Support costs (see note 5) £ 27,347 63,804 91,151 30.4.22 £ 5,001 30.4.22 £ - - - 5,001 5,001 |
Totals £ 27,347 134,837 |
Totals £ 27,347 134,837 |
|---|---|---|---|
| 162,184 | |||
| 30.4.21 £ 32,500 |
|||
| 30.4.21 £ 25,000 5,000 2,500 - |
|||
| 32,500 |
4. GRANTS PAYABLE
Page 8
continued...
Leicester Sikh Centre and Guru Amardas Gurdwara
Notes to the Financial Statements - continued for the Year Ended 30 April 2022
5. SUPPORT COSTS
| Management £ Community Centre 26,830 Gurdwara 62,599 89,429 |
Governance Finance costs £ £ 67 450 155 1,050 222 1,500 |
Totals £ 27,347 63,804 |
|---|---|---|
| 91,151 |
| Activity | Basis of allocation |
|---|---|
| Management | Non-direct costs are split 30% Community Centre and 70% Gurdwara |
| Finance | 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
| 30.4.22 | 30.4.21 | |
|---|---|---|
| £ | £ | |
| Independent Examiner's Fees - External scrutiny and report | 500 | 600 |
| Independent Examiner's Fees - Accountancy services | 1,000 | 1,200 |
| 1,500 | 1,800 | |
7. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 30 April 2022 nor for the year ended 30 April 2021.
Trustees' expenses
There were no trustees' expenses paid for the year ended 30 April 2022 nor for the year ended 30 April 2021.
8. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| INCOME AND ENDOWMENTS FROM Donations and legacies Charitable activities Gurdwara Investment income Total EXPENDITURE ON Charitable activities Community Centre Gurdwara Total |
Unrestricted fund £ 97,962 15,000 6,025 118,987 16,064 104,022 120,086 |
Restricted funds £ 6,968 48,200 - 55,168 2,168 13,150 15,318 |
Total funds £ 104,930 63,200 6,025 |
|---|---|---|---|
| 174,155 | |||
| 18,232 117,172 |
|||
| 135,404 |
Page 9
continued...
Leicester Sikh Centre and Guru Amardas Gurdwara
Notes to the Financial Statements - continued for the Year Ended 30 April 2022
8. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
| NET INCOME/(EXPENDITURE) RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD 9. TANGIBLE FIXED ASSETS COST At 1 May 2021 Additions At 30 April 2022 DEPRECIATION At 1 May 2021 Charge for year At 30 April 2022 NET BOOK VALUE At 30 April 2022 At 30 April 2021 |
Unrestricted Restricted fund funds £ £ (1,099) 39,850 977,042 1,121 975,943 40,971 Improvements Freehold to property property £ £ 527,279 82,021 - 14,000 527,279 96,021 - 8,202 8,436 9,602 8,436 17,804 518,843 78,217 527,279 73,819 |
Total funds £ |
||
|---|---|---|---|---|
| 38,751 978,163 |
||||
| 1,016,914 | ||||
| Plant and machinery £ - 1,350 1,350 - 270 270 1,080 - |
Page 10
continued...
Leicester Sikh Centre and
Guru Amardas Gurdwara
Notes to the Financial Statements - continued for the Year Ended 30 April 2022
| 9. | TANGIBLE FIXED ASSETS - continued | |||||
|---|---|---|---|---|---|---|
| Fixtures | ||||||
| and | Computer | |||||
| fittings | equipment | Totals | ||||
| £ | £ | £ | ||||
| COST | ||||||
| At 1 May 2021 | 125,114 | 1,825 | 736,239 | |||
| Additions | - | - | 15,350 | |||
| At 30 April 2022 | 125,114 | 1,825 | 751,589 | |||
| DEPRECIATION | ||||||
| At 1 May 2021 | 19,296 | 602 | 28,100 | |||
| Charge for year | 18,674 | 603 | 37,585 | |||
| At 30 April 2022 | 37,970 | 1,205 | 65,685 | |||
| NET BOOK VALUE | ||||||
| At 30 April 2022 | 87,144 | 620 | 685,904 | |||
| At 30 April 2021 | 105,818 | 1,223 | 708,139 | |||
| Included in cost or valuation of land and buildings is | freehold | land | of £105,455 | which is not | ||
| depreciated. | ||||||
| 10. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||||
| 30.4.22 | 30.4.21 | |||||
| £ | £ | |||||
| Prepayments and accrued income | 3,275 | - | ||||
| 11. | CURRENT ASSET INVESTMENTS | |||||
| 30.4.22 | 30.4.21 | |||||
| £ | £ | |||||
| Short term deposits | 251,500 | 251,500 | ||||
| 12. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||||
| 30.4.22 | 30.4.21 | |||||
| £ | £ | |||||
| Trade creditors | 5,483 | 3,552 | ||||
| Accruals and deferred income | 1,500 | 6,563 | ||||
| 6,983 | 10,115 |
Page 11
continued...
Leicester Sikh Centre and Guru Amardas Gurdwara
Notes to the Financial Statements - continued for the Year Ended 30 April 2022
13. MOVEMENT IN FUNDS
| At 1.5.21 £ Unrestricted funds General fund 975,944 Restricted funds CCTV and Security 40,970 TOTAL FUNDS 1,016,914 Net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 156,449 Restricted funds Giani 18,342 CCTV and Security - 18,342 TOTAL FUNDS 174,791 Comparatives for movement in funds At 1.5.20 £ Unrestricted funds General fund 977,042 Restricted funds Lunch club 269 NHS donations 852 CCTV and Security - 1,121 TOTAL FUNDS 978,163 |
Net movement in funds £ 19,837 (7,230) 12,607 Resources expended £ (136,612) (18,342) (7,230) (25,572) (162,184) Net movement in funds £ (1,098) (269) (852) 40,970 39,849 38,751 |
At 30.4.22 £ 995,781 33,740 1,029,521 Movement in funds £ 19,837 - (7,230) (7,230) 12,607 At 30.4.21 £ 975,944 - - 40,970 40,970 1,016,914 |
|
|---|---|---|---|
Page 12
continued...
Leicester Sikh Centre and Guru Amardas Gurdwara
Notes to the Financial Statements - continued for the Year Ended 30 April 2022
13. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Restricted funds Giani Lunch club NHS donations CCTV and Security TOTAL FUNDS |
Incoming resources £ 118,987 6,968 - - 48,200 55,168 174,155 |
Resources Movement expended in funds £ £ (120,085) (1,098) (6,968) - (269) (269) (852) (852) (7,230) 40,970 (15,319) 39,849 (135,404) 38,751 |
|---|---|---|
Giani fund
The Giani 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.
NHS Donations
The NHS Donations fund consists of donations received by the Charity for onward payment to the NHS.
CCTV and Security
A grant of £48,200 was received during the year ended 30 April 2021 from the Protective Security funding scheme towards the cost of installing CCTV and Security at the Gurdwara. This amount was fully expended during the year. The fund balance of £33,740 represents the net book value of the CCTV and Security assets held at 30 April 2022.
14. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 30 April 2022.
Page 13
Leicester Sikh Centre and Guru Amardas Gurdwara
| INCOME AND ENDOWMENTS Donations and legacies Donations to Gianis Donations Donated services and facilities Investment income Rents received Bank account interest Charitable activities Grants Total incoming resources EXPENDITURE Charitable activities Donations to Gianis Priest fees Groceries Grants to institutions Support costs Management Rates and water Insurance Light and heat Telephone Postage and stationery Sundries Repairs and renewals Motor and travel Cleaning Freehold property Improvements to property Plant and machinery Fixtures and fittings Computer equipment |
Detailed Statement of Financial Activities for the Year Ended 30 April 2022 30.4.22 £ 18,342 150,449 - 168,791 6,000 - 6,000 - 174,791 18,342 28,177 19,513 5,001 71,033 3,439 1,722 15,495 - 128 3,794 21,004 122 6,140 8,436 9,602 270 18,674 603 89,429 |
30.4.21 £ 6,968 95,439 2,523 |
|---|---|---|
| 104,930 6,000 25 |
||
| 6,025 63,200 |
||
| 174,155 6,968 25,213 5,372 32,500 |
||
| 70,053 2,626 6,698 16,000 566 1,812 4,526 3,213 10 - - 8,202 - 19,296 602 |
||
| 63,551 |
This page does not form part of the statutory financial statements
Page 14
Leicester Sikh Centre and Guru Amardas Gurdwara
| Detailed Statement of Financial Activities for the Year Ended 30 April 2022 30.4.22 £ Management Finance Bank charges 222 Governance costs Independent examiner's remuneration 1,500 Total resources expended 162,184 Net income 12,607 |
30.4.21 £ - 1,800 |
|---|---|
| 135,404 | |
| 38,751 |
This page does not form part of the statutory financial statements
Page 15
17 February 2023 Our Ref: AB / NB / 4856
PRIVATE AND CONFIDENTIAL The Board of Trustees Leicester Sikh Centre 219-227 Clarendon Park Road Leicester Leicestershire LE2 3AN
Dear Sirs
INDEPENDENT EXAMINATION OF THE FINANCIAL STATEMENTS OF LEICESTER SIKH CENTRE REPORT TO MANAGEMENT
We are pleased to report to you that we have completed the independent examination of the financial statements of Leicester Sikh Centre for the year ended 30 April 2022.
As part of our communication with you at the end of the examination, we have discussed in the forthcoming paragraphs certain matters that need to be communicated to the trustees.
Other findings and recommendations
As part of our examination, we also aim to provide value-added recommendations which may not constitute a material misstatement of the financial statements or a significant deficiency in the charity’s controls.
A number of such matters were identified in the examination for Leicester Sikh Centre which we consider should be brought to your attention. Accompanying this letter is a memorandum (Appendix 1) noting these points together with any recommendations we have for possible improvements which could be made. We shall be grateful if you will enter the Board's comments against each point under the "comments" column of the memorandum and return it to us in due course.
This report has been prepared for the sole use of the trustees of Leicester Sikh Centre and must not be shown to third parties without our prior written consent. No responsibilities are accepted by Torr Waterfield Limited towards any party acting or refraining from action as a result of this report.
Finally, we would like to express our thanks to all members of staff at Leicester Sikh Centre who assisted us in carrying out our work.
Yours faithfully
Torr Waterfield Limited
APPENDIX 1
LEICESTER SIKH CENTRE
Points noted during the course of our examination for the year ended 30 April 2022
1. Payments to Priests and cleaners
The payments made to Priests for their services should either be supported by an valid invoice provided by the supplier or should be processed through a PAYE scheme, subject to their employment status with the charity.
Comment:
2. Cash Expenses
A large portion of the Charity’s expenditure is paid using petty cash generated from donations, which has been recorded in the Charity’s cash book records.
To improve the audit trail and internal controls of Charities, the Charity Commission recommends that cash collected is banked by the charity as soon as possible without the deduction of expenses. Subsequent payments should be made electronically.
Source documentation such as purchase invoices should be retained by the Charity to support payments made (whether by cash or by electronic means) and should be available for inspection during the independent examination.
Comment:
3. Petty cash count
Regular petty cash counts should take place to reconcile the amount held per the cash book agrees to the physical cash held.
Comment:
4. Governing document audit requirement
The governing document provided specifies an audit is required however we believe there is a later version of the deed of trust in issue. If the latest version still refers to an audit then we would suggest this is updated to include reference to ‘external scrutiny as required by the Charities Act 2011’ which allows an independent examination to take place. Until the deed of trust is updated, the audit exemption of the charity could be challenged.