## CHAIRPERSON ANNUAL REPORT 

FOR THE PERIOD OF 1[ST] MAY 2022 TO 30[TH APR] 2023 

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 wellstocked 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 2023** 

**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 2023** 

||**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 2023** 

The trustees present their report with the financial statements of the charity for the year ended 30 April 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 (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 relief 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 £259,795 (2022: £174,791) which, after deducting expenditure of £187,877 

(2022: £162,184) resulted in net income of £71,918 (2022: £12,607). 

At 30 April 2023 the charity had total reserves of £1,101,439 (2022: £1,029,521). £26,510 (2022: £33,740) of this is held in restricted funds. 

Donations are the principal 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 2023** 

## **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 2023, 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. 

## **Going concern** 

The trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. The charity therefore continues to adopt the going concern basis in preparing the financial statements. 

## **STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document** 

The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity. 

## **Trustees** 

The trustees were appointed because they had the skills required by the Charity to achieve its objectives. 

## **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 (removed from office 13.4.23) R Rana A S Dosanjh H K Rai 

Page 2 



**Leicester Sikh Centre and Guru Amardas Gurdwara** 

## **Report of the Trustees** 

## **for the Year Ended 30 April 2023** 

**REFERENCE AND ADMINISTRATIVE DETAILS Independent Examiner** Nishitkumar Bathia FCA torr waterfield Park House 37 Clarence Street Leicester Leicestershire LE1 3RW 

Approved by order of the board of trustees on 20 September 2023 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 2023. 

## **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** 

Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies. 

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: 

1. 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 

3. 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 

20 September 2023 

Page 4 



## **Leicester Sikh Centre and** 

## **Guru Amardas Gurdwara** 

## **Statement of Financial Activities for the Year Ended 30 April 2023** 

|Notes<br>**INCOME AND ENDOWMENTS FROM**<br>Donations and legacies<br>Investment income<br>2<br>**Total**<br>**EXPENDITURE ON**<br>**Charitable activities**<br>3<br>Community Centre<br>Gurdwara<br>**Total**<br>**NET INCOME/(EXPENDITURE)**<br>**RECONCILIATION OF FUNDS**<br>Total funds brought forward<br>**TOTAL FUNDS CARRIED FORWARD**|Unrestricted<br>fund<br>£<br>225,021<br>10,547<br>235,568<br>27,063<br>129,357<br>156,420<br>79,148<br>995,781<br>1,074,929|Restricted<br>funds<br>£<br>24,227<br>-<br>24,227<br>2,169<br>29,288<br>31,457<br>(7,230)<br>33,740<br>26,510|30.4.23<br> <br>Total<br>funds<br>£<br>249,248<br>10,547<br>259,795<br>29,232<br>158,645<br>187,877<br>71,918<br>1,029,521<br>1,101,439|30.4.22<br>Total<br>funds<br>£<br>168,791<br>6,000<br>174,791<br>27,347<br>134,837<br>162,184<br>12,607<br>1,016,914<br>1,029,521|
|---|---|---|---|---|



The notes form part of these financial statements 

Page 5 



## **Leicester Sikh Centre and Guru Amardas Gurdwara** 

## **Balance Sheet 30 April 2023** 

|Notes<br>**FIXED ASSETS**<br>Tangible assets<br>9<br>**CURRENT ASSETS**<br>Debtors<br>10<br>Investments<br>11<br>Cash at bank and in hand<br>**CREDITORS**<br>Amounts falling due within one year<br>12<br>**NET CURRENT ASSETS**<br>**TOTAL ASSETS LESS CURRENT**<br>**LIABILITIES**<br>**NET ASSETS**<br>**FUNDS**<br>13<br>Unrestricted funds<br>Restricted funds<br>**TOTAL FUNDS**|Unrestricted<br>fund<br>£<br>625,265<br>3,579<br>256,047<br>195,698<br>455,324<br>(5,660)<br>449,664<br>1,074,929<br>1,074,929|Restricted<br>funds<br>£<br>26,510<br>-<br>-<br>-<br>-<br>-<br>-<br>26,510<br>26,510|30.4.23<br> <br>Total<br>funds<br>£<br>651,775<br>3,579<br>256,047<br>195,698<br>455,324<br>(5,660)<br>449,664<br>1,101,439<br>1,101,439<br>1,074,929<br>26,510<br>1,101,439|30.4.22<br>Total<br>funds<br>£<br>685,904<br>3,275<br>251,500<br>95,825<br>350,600<br>(6,983)<br>343,617<br>1,029,521<br>1,029,521<br>995,781<br>33,740<br>1,029,521|
|---|---|---|---|---|



The financial statements were approved by the Board of Trustees and authorised for issue on 20 September 2023 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 2023** 

## **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|-|<br>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 2023** 

## **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** 

|<br>Rents received<br>Bank interest|30.4.23<br>£<br>6,000<br>4,547<br>10,547|30.4.22<br>£<br>6,000<br>-<br>6,000|
|---|---|---|



## **3. CHARITABLE ACTIVITIES COSTS** 

|Community Centre<br>Gurdwara<br>**GRANTS PAYABLE**<br>Gurdwara<br>The total grants paid to institutions during the<br>Leicester Kabaddi Club<br>Sikh Troops War Memorial<br>GNG Football Club<br>Pingalwarra<br>London Hearts|Grant<br>funding of<br>activities<br>Direct<br>(see note<br>Costs<br>4)<br>£<br>£<br>-<br>-<br>85,577<br>4,857<br>85,577<br>4,857<br>year was as follows:|Support<br>costs (see<br>note 5)<br>£<br>29,232<br>68,211<br>97,443<br>30.4.23<br>£<br>4,857<br>30.4.23<br>£<br>2,000<br>-<br>1,000<br>1,000<br>857<br>4,857|Totals<br>£<br>29,232<br>158,645<br>187,877<br>30.4.22<br>£<br>5,001<br>30.4.22<br>£<br>-<br>5,001<br>-<br>-<br>-<br>5,001|
|---|---|---|---|



## **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 2023** 

## **5. SUPPORT COSTS** 

|Management<br>£<br>Community Centre<br>28,611<br>Gurdwara<br>66,760<br>95,371|Governance<br>Finance<br>costs<br>£<br>£<br>81<br>540<br>191<br>1,260<br>272<br>1,800|Totals<br>£<br>29,232<br>68,211<br>97,443|
|---|---|---|



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** 

|Independent Examiner's Fees - External scrutiny and report<br>Independent Examiner's Fees - Accountancy services|30.4.23<br>£<br>500<br>1,000<br>1,500|30.4.21<br>£<br>500<br>1,000<br>1,500|
|---|---|---|



## **7. TRUSTEES' REMUNERATION AND BENEFITS** 

There were no trustees' remuneration or other benefits for the year ended 30 April 2023 nor for the year ended 30 April 2022. 

## **Trustees' expenses** 

There were no  trustees' expenses paid for the year ended 30 April 2023 nor for the year ended 30 April 2022. 

## **8. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES** 

|**INCOME AND ENDOWMENTS FROM**<br>Donations and legacies<br>Investment income<br>**Total**<br>**EXPENDITURE ON**<br>**Charitable activities**<br>Community Centre<br>Gurdwara<br>**Total**<br>**NET INCOME/(EXPENDITURE)**|Unrestricted<br>fund<br>£<br>150,449<br>6,000<br>156,449<br>25,178<br>111,434<br>136,612<br>19,837|Restricted<br>funds<br>£<br>18,342<br>-<br>18,342<br>2,169<br>23,403<br>25,572<br>(7,230)|Total<br>funds<br>£<br>168,791<br>6,000<br>174,791<br>27,347<br>134,837<br>162,184<br>12,607|
|---|---|---|---|



Page 9 

continued... 



**Leicester Sikh Centre and Guru Amardas Gurdwara** 

## **Notes to the Financial Statements - continued for the Year Ended 30 April 2023** 

|**8.**<br>**COMPARATIVES FOR THE STATEMENT OF FINANCIAL**<br>**RECONCILIATION OF FUNDS**<br>Total funds brought forward<br>**TOTAL FUNDS CARRIED FORWARD**<br>**9.**<br>**TANGIBLE FIXED ASSETS**<br>**COST**<br>At 1 May 2022<br>Additions<br>At 30 April 2023<br>**DEPRECIATION**<br>At 1 May 2022<br>Charge for year<br>At 30 April 2023<br>**NET BOOK VALUE**<br>At 30 April 2023<br>At 30 April 2022<br>**COST**<br>At 1 May 2022<br>Additions<br>At 30 April 2023<br>**DEPRECIATION**<br>At 1 May 2022<br>Charge for year<br>At 30 April 2023<br>**NET BOOK VALUE**<br>At 30 April 2023<br>At 30 April 2022|**8.**<br>**COMPARATIVES FOR THE STATEMENT OF FINANCIAL**<br>**RECONCILIATION OF FUNDS**<br>Total funds brought forward<br>**TOTAL FUNDS CARRIED FORWARD**<br>**9.**<br>**TANGIBLE FIXED ASSETS**<br>**COST**<br>At 1 May 2022<br>Additions<br>At 30 April 2023<br>**DEPRECIATION**<br>At 1 May 2022<br>Charge for year<br>At 30 April 2023<br>**NET BOOK VALUE**<br>At 30 April 2023<br>At 30 April 2022<br>**COST**<br>At 1 May 2022<br>Additions<br>At 30 April 2023<br>**DEPRECIATION**<br>At 1 May 2022<br>Charge for year<br>At 30 April 2023<br>**NET BOOK VALUE**<br>At 30 April 2023<br>At 30 April 2022|**ACTIVITIES - continued**<br>Unrestricted<br>Restricted<br>fund<br>funds<br>£<br>£<br>975,944<br>40,970<br>995,781<br>33,740<br>Improvements<br>Freehold<br>to<br>property<br>property<br>£<br>£<br>527,279<br>96,021<br>-<br>3,000<br>527,279<br>99,021<br>8,436<br>17,804<br>8,436<br>9,902<br>16,872<br>27,706<br>510,407<br>71,315<br>518,843<br>78,217<br>Fixtures<br>and<br>Computer<br>fittings<br>equipment<br>£<br>£<br>125,114<br>1,825<br>889<br>-<br>126,003<br>1,825<br>37,970<br>1,205<br>18,807<br>603<br>56,777<br>1,808<br>69,226<br>17<br>87,144<br>620||Total<br>funds<br>£<br>1,016,914<br>1,029,521<br>Plant and<br>machinery<br>£<br>1,350<br>-<br>1,350<br>270<br>270<br>540<br>810<br>1,080<br>Totals<br>£<br>751,589<br>3,889<br>755,478<br>65,685<br>38,018<br>103,703<br>651,775<br>685,904|
|---|---|---|---|---|
||||||
||||||



Page 10 

continued... 



**Leicester Sikh Centre and Guru Amardas Gurdwara** 

## **Notes to the Financial Statements - continued for the Year Ended 30 April 2023** 

## **9. TANGIBLE FIXED ASSETS - continued** 

Included in cost or valuation of land and buildings is freehold land of £105,455 (2022 - £105,455) which is not depreciated. 

## **10. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR** 

|Prepayments and accrued income<br>**11.**<br>**CURRENT ASSET INVESTMENTS**<br>Short term deposits<br>**12.**<br>**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**<br>Trade creditors<br>Accruals and deferred income<br>**13.**<br>**MOVEMENT IN FUNDS**<br>At 1.5.22<br>£<br>**Unrestricted funds**<br>General fund<br>995,781<br>**Restricted funds**<br>CCTV and Security<br>33,740<br>**TOTAL FUNDS**<br>1,029,521<br>Net movement in funds, included in the above are as follows:<br>Incoming<br>resources<br>£<br>**Unrestricted funds**<br>General fund<br>235,568<br>**Restricted funds**<br>Giani<br>24,227<br>CCTV and Security<br>-<br>24,227<br>**TOTAL FUNDS**<br>259,795|||30.4.23<br>£<br>3,579<br>30.4.23<br>£<br>256,047<br>30.4.23<br>£<br>4,160<br>1,500<br>5,660<br>Net<br>movement<br>in funds<br>£<br>79,148<br>(7,230)<br>71,918<br>Resources<br>expended<br>£<br>(156,420)<br>(24,227)<br>(7,230)<br>(31,457)<br>(187,877)||30.4.22<br>£<br>3,275<br>30.4.22<br>£<br>251,500<br>30.4.22<br>£<br>5,483<br>1,500<br>6,983<br> <br>At<br> <br>30.4.23<br>£<br>1,074,929<br>26,510<br>1,101,439<br> <br>Movement<br> <br>in funds<br>£<br>79,148<br>-<br>(7,230)<br>(7,230)<br>71,918|
|---|---|---|---|---|---|
||<br> <br>|||<br> <br> <br>||
|||||||
|||<br>||||



Page 11 

continued... 



**Leicester Sikh Centre and Guru Amardas Gurdwara** 

## **Notes to the Financial Statements - continued for the Year Ended 30 April 2023** 

## **13. MOVEMENT IN FUNDS - continued** 

## **Comparatives for movement in funds** 

|**Unrestricted funds**<br>General fund<br>**Restricted funds**<br>CCTV and Security<br>**TOTAL FUNDS**|At 1.5.21<br>£<br>975,944<br>40,970<br>1,016,914|Net<br>movement<br> <br>in funds<br>£<br>19,837<br>(7,230)<br>12,607|<br>At<br> <br>30.4.22<br>£<br>995,781<br>33,740<br>1,029,521|
|---|---|---|---|



Comparative net movement in funds, included in the above are as follows: 

|**Unrestricted funds**<br>General fund<br>**Restricted funds**<br>Giani<br>CCTV and Security<br>**TOTAL FUNDS**|Incoming<br>resources<br>£<br>156,449<br>18,342<br>-<br>18,342<br>174,791|Resources<br>Movement<br>expended<br>in funds<br>£<br>£<br>(136,612)<br>19,837<br>(18,342)<br>-<br>(7,230)<br>(7,230)<br>(25,572)<br>(7,230)<br>(162,184)<br>12,607|
|---|---|---|



## **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. 

## **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 that year. The fund balance of £26,510 represents the net book value of the CCTV and Security assets held at 30 April 2023. 

Page 12 

continued... 



**Leicester Sikh Centre and Guru Amardas Gurdwara** 

**Notes to the Financial Statements - continued for the Year Ended 30 April 2023** 

## **14. RELATED PARTY DISCLOSURES** 

There were no related party transactions for the year ended 30 April 2023. 

Page 13 



**REGISTERED CHARITY NUMBER: 1017427** 

**Report of the Trustees and Unaudited Financial Statements for the Year Ended 30 April 2023** 

**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 2023** 

||**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 2023** 

The trustees present their report with the financial statements of the charity for the year ended 30 April 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 (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 relief 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 £259,795 (2022: £174,791) which, after deducting expenditure of £187,877 

(2022: £162,184) resulted in net income of £71,918 (2022: £12,607). 

At 30 April 2023 the charity had total reserves of £1,101,439 (2022: £1,029,521). £26,510 (2022: £33,740) of this is held in restricted funds. 

Donations are the principal 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 2023** 

## **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 2023, 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. 

## **Going concern** 

The trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. The charity therefore continues to adopt the going concern basis in preparing the financial statements. 

## **STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document** 

The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity. 

## **Trustees** 

The trustees were appointed because they had the skills required by the Charity to achieve its objectives. 

## **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 (removed from office 13.4.23) R Rana A S Dosanjh H K Rai 

Page 2 



**Leicester Sikh Centre and Guru Amardas Gurdwara** 

## **Report of the Trustees** 

## **for the Year Ended 30 April 2023** 

**REFERENCE AND ADMINISTRATIVE DETAILS Independent Examiner** Nishitkumar Bathia FCA torr waterfield Park House 37 Clarence Street Leicester Leicestershire LE1 3RW 

Approved by order of the board of trustees on 20 September 2023 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 2023. 

## **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** 

Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies. 

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: 

1. 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 

3. 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 

20 September 2023 

Page 4 



## **Leicester Sikh Centre and** 

## **Guru Amardas Gurdwara** 

## **Statement of Financial Activities for the Year Ended 30 April 2023** 

|Notes<br>**INCOME AND ENDOWMENTS FROM**<br>Donations and legacies<br>Investment income<br>2<br>**Total**<br>**EXPENDITURE ON**<br>**Charitable activities**<br>3<br>Community Centre<br>Gurdwara<br>**Total**<br>**NET INCOME/(EXPENDITURE)**<br>**RECONCILIATION OF FUNDS**<br>Total funds brought forward<br>**TOTAL FUNDS CARRIED FORWARD**|Unrestricted<br>fund<br>£<br>225,021<br>10,547<br>235,568<br>27,063<br>129,357<br>156,420<br>79,148<br>995,781<br>1,074,929|Restricted<br>funds<br>£<br>24,227<br>-<br>24,227<br>2,169<br>29,288<br>31,457<br>(7,230)<br>33,740<br>26,510|30.4.23<br> <br>Total<br>funds<br>£<br>249,248<br>10,547<br>259,795<br>29,232<br>158,645<br>187,877<br>71,918<br>1,029,521<br>1,101,439|30.4.22<br>Total<br>funds<br>£<br>168,791<br>6,000<br>174,791<br>27,347<br>134,837<br>162,184<br>12,607<br>1,016,914<br>1,029,521|
|---|---|---|---|---|



The notes form part of these financial statements 

Page 5 



## **Leicester Sikh Centre and Guru Amardas Gurdwara** 

## **Balance Sheet 30 April 2023** 

|Notes<br>**FIXED ASSETS**<br>Tangible assets<br>9<br>**CURRENT ASSETS**<br>Debtors<br>10<br>Investments<br>11<br>Cash at bank and in hand<br>**CREDITORS**<br>Amounts falling due within one year<br>12<br>**NET CURRENT ASSETS**<br>**TOTAL ASSETS LESS CURRENT**<br>**LIABILITIES**<br>**NET ASSETS**<br>**FUNDS**<br>13<br>Unrestricted funds<br>Restricted funds<br>**TOTAL FUNDS**|Unrestricted<br>fund<br>£<br>625,265<br>3,579<br>256,047<br>195,698<br>455,324<br>(5,660)<br>449,664<br>1,074,929<br>1,074,929|Restricted<br>funds<br>£<br>26,510<br>-<br>-<br>-<br>-<br>-<br>-<br>26,510<br>26,510|30.4.23<br> <br>Total<br>funds<br>£<br>651,775<br>3,579<br>256,047<br>195,698<br>455,324<br>(5,660)<br>449,664<br>1,101,439<br>1,101,439<br>1,074,929<br>26,510<br>1,101,439|30.4.22<br>Total<br>funds<br>£<br>685,904<br>3,275<br>251,500<br>95,825<br>350,600<br>(6,983)<br>343,617<br>1,029,521<br>1,029,521<br>995,781<br>33,740<br>1,029,521|
|---|---|---|---|---|



The financial statements were approved by the Board of Trustees and authorised for issue on 20 September 2023 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 2023** 

## **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|-|<br>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 2023** 

## **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** 

|<br>Rents received<br>Bank interest|30.4.23<br>£<br>6,000<br>4,547<br>10,547|30.4.22<br>£<br>6,000<br>-<br>6,000|
|---|---|---|



## **3. CHARITABLE ACTIVITIES COSTS** 

|Community Centre<br>Gurdwara<br>**GRANTS PAYABLE**<br>Gurdwara<br>The total grants paid to institutions during the<br>Leicester Kabaddi Club<br>Sikh Troops War Memorial<br>GNG Football Club<br>Pingalwarra<br>London Hearts|Grant<br>funding of<br>activities<br>Direct<br>(see note<br>Costs<br>4)<br>£<br>£<br>-<br>-<br>85,577<br>4,857<br>85,577<br>4,857<br>year was as follows:|Support<br>costs (see<br>note 5)<br>£<br>29,232<br>68,211<br>97,443<br>30.4.23<br>£<br>4,857<br>30.4.23<br>£<br>2,000<br>-<br>1,000<br>1,000<br>857<br>4,857|Totals<br>£<br>29,232<br>158,645<br>187,877<br>30.4.22<br>£<br>5,001<br>30.4.22<br>£<br>-<br>5,001<br>-<br>-<br>-<br>5,001|
|---|---|---|---|



## **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 2023** 

## **5. SUPPORT COSTS** 

|Management<br>£<br>Community Centre<br>28,611<br>Gurdwara<br>66,760<br>95,371|Governance<br>Finance<br>costs<br>£<br>£<br>81<br>540<br>191<br>1,260<br>272<br>1,800|Totals<br>£<br>29,232<br>68,211<br>97,443|
|---|---|---|



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** 

|Independent Examiner's Fees - External scrutiny and report<br>Independent Examiner's Fees - Accountancy services|30.4.23<br>£<br>500<br>1,000<br>1,500|30.4.21<br>£<br>500<br>1,000<br>1,500|
|---|---|---|



## **7. TRUSTEES' REMUNERATION AND BENEFITS** 

There were no trustees' remuneration or other benefits for the year ended 30 April 2023 nor for the year ended 30 April 2022. 

## **Trustees' expenses** 

There were no  trustees' expenses paid for the year ended 30 April 2023 nor for the year ended 30 April 2022. 

## **8. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES** 

|**INCOME AND ENDOWMENTS FROM**<br>Donations and legacies<br>Investment income<br>**Total**<br>**EXPENDITURE ON**<br>**Charitable activities**<br>Community Centre<br>Gurdwara<br>**Total**<br>**NET INCOME/(EXPENDITURE)**|Unrestricted<br>fund<br>£<br>150,449<br>6,000<br>156,449<br>25,178<br>111,434<br>136,612<br>19,837|Restricted<br>funds<br>£<br>18,342<br>-<br>18,342<br>2,169<br>23,403<br>25,572<br>(7,230)|Total<br>funds<br>£<br>168,791<br>6,000<br>174,791<br>27,347<br>134,837<br>162,184<br>12,607|
|---|---|---|---|



Page 9 

continued... 



**Leicester Sikh Centre and Guru Amardas Gurdwara** 

## **Notes to the Financial Statements - continued for the Year Ended 30 April 2023** 

|**8.**<br>**COMPARATIVES FOR THE STATEMENT OF FINANCIAL**<br>**RECONCILIATION OF FUNDS**<br>Total funds brought forward<br>**TOTAL FUNDS CARRIED FORWARD**<br>**9.**<br>**TANGIBLE FIXED ASSETS**<br>**COST**<br>At 1 May 2022<br>Additions<br>At 30 April 2023<br>**DEPRECIATION**<br>At 1 May 2022<br>Charge for year<br>At 30 April 2023<br>**NET BOOK VALUE**<br>At 30 April 2023<br>At 30 April 2022<br>**COST**<br>At 1 May 2022<br>Additions<br>At 30 April 2023<br>**DEPRECIATION**<br>At 1 May 2022<br>Charge for year<br>At 30 April 2023<br>**NET BOOK VALUE**<br>At 30 April 2023<br>At 30 April 2022|**8.**<br>**COMPARATIVES FOR THE STATEMENT OF FINANCIAL**<br>**RECONCILIATION OF FUNDS**<br>Total funds brought forward<br>**TOTAL FUNDS CARRIED FORWARD**<br>**9.**<br>**TANGIBLE FIXED ASSETS**<br>**COST**<br>At 1 May 2022<br>Additions<br>At 30 April 2023<br>**DEPRECIATION**<br>At 1 May 2022<br>Charge for year<br>At 30 April 2023<br>**NET BOOK VALUE**<br>At 30 April 2023<br>At 30 April 2022<br>**COST**<br>At 1 May 2022<br>Additions<br>At 30 April 2023<br>**DEPRECIATION**<br>At 1 May 2022<br>Charge for year<br>At 30 April 2023<br>**NET BOOK VALUE**<br>At 30 April 2023<br>At 30 April 2022|**ACTIVITIES - continued**<br>Unrestricted<br>Restricted<br>fund<br>funds<br>£<br>£<br>975,944<br>40,970<br>995,781<br>33,740<br>Improvements<br>Freehold<br>to<br>property<br>property<br>£<br>£<br>527,279<br>96,021<br>-<br>3,000<br>527,279<br>99,021<br>8,436<br>17,804<br>8,436<br>9,902<br>16,872<br>27,706<br>510,407<br>71,315<br>518,843<br>78,217<br>Fixtures<br>and<br>Computer<br>fittings<br>equipment<br>£<br>£<br>125,114<br>1,825<br>889<br>-<br>126,003<br>1,825<br>37,970<br>1,205<br>18,807<br>603<br>56,777<br>1,808<br>69,226<br>17<br>87,144<br>620||Total<br>funds<br>£<br>1,016,914<br>1,029,521<br>Plant and<br>machinery<br>£<br>1,350<br>-<br>1,350<br>270<br>270<br>540<br>810<br>1,080<br>Totals<br>£<br>751,589<br>3,889<br>755,478<br>65,685<br>38,018<br>103,703<br>651,775<br>685,904|
|---|---|---|---|---|
||||||
||||||



Page 10 

continued... 



**Leicester Sikh Centre and Guru Amardas Gurdwara** 

## **Notes to the Financial Statements - continued for the Year Ended 30 April 2023** 

## **9. TANGIBLE FIXED ASSETS - continued** 

Included in cost or valuation of land and buildings is freehold land of £105,455 (2022 - £105,455) which is not depreciated. 

## **10. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR** 

|Prepayments and accrued income<br>**11.**<br>**CURRENT ASSET INVESTMENTS**<br>Short term deposits<br>**12.**<br>**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**<br>Trade creditors<br>Accruals and deferred income<br>**13.**<br>**MOVEMENT IN FUNDS**<br>At 1.5.22<br>£<br>**Unrestricted funds**<br>General fund<br>995,781<br>**Restricted funds**<br>CCTV and Security<br>33,740<br>**TOTAL FUNDS**<br>1,029,521<br>Net movement in funds, included in the above are as follows:<br>Incoming<br>resources<br>£<br>**Unrestricted funds**<br>General fund<br>235,568<br>**Restricted funds**<br>Giani<br>24,227<br>CCTV and Security<br>-<br>24,227<br>**TOTAL FUNDS**<br>259,795|||30.4.23<br>£<br>3,579<br>30.4.23<br>£<br>256,047<br>30.4.23<br>£<br>4,160<br>1,500<br>5,660<br>Net<br>movement<br>in funds<br>£<br>79,148<br>(7,230)<br>71,918<br>Resources<br>expended<br>£<br>(156,420)<br>(24,227)<br>(7,230)<br>(31,457)<br>(187,877)||30.4.22<br>£<br>3,275<br>30.4.22<br>£<br>251,500<br>30.4.22<br>£<br>5,483<br>1,500<br>6,983<br> <br>At<br> <br>30.4.23<br>£<br>1,074,929<br>26,510<br>1,101,439<br> <br>Movement<br> <br>in funds<br>£<br>79,148<br>-<br>(7,230)<br>(7,230)<br>71,918|
|---|---|---|---|---|---|
||<br> <br>|||<br> <br> <br>||
|||||||
|||<br>||||



Page 11 

continued... 



**Leicester Sikh Centre and Guru Amardas Gurdwara** 

## **Notes to the Financial Statements - continued for the Year Ended 30 April 2023** 

## **13. MOVEMENT IN FUNDS - continued** 

## **Comparatives for movement in funds** 

|**Unrestricted funds**<br>General fund<br>**Restricted funds**<br>CCTV and Security<br>**TOTAL FUNDS**|At 1.5.21<br>£<br>975,944<br>40,970<br>1,016,914|Net<br>movement<br> <br>in funds<br>£<br>19,837<br>(7,230)<br>12,607|<br>At<br> <br>30.4.22<br>£<br>995,781<br>33,740<br>1,029,521|
|---|---|---|---|



Comparative net movement in funds, included in the above are as follows: 

|**Unrestricted funds**<br>General fund<br>**Restricted funds**<br>Giani<br>CCTV and Security<br>**TOTAL FUNDS**|Incoming<br>resources<br>£<br>156,449<br>18,342<br>-<br>18,342<br>174,791|Resources<br>Movement<br>expended<br>in funds<br>£<br>£<br>(136,612)<br>19,837<br>(18,342)<br>-<br>(7,230)<br>(7,230)<br>(25,572)<br>(7,230)<br>(162,184)<br>12,607|
|---|---|---|



## **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. 

## **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 that year. The fund balance of £26,510 represents the net book value of the CCTV and Security assets held at 30 April 2023. 

Page 12 

continued... 



**Leicester Sikh Centre and Guru Amardas Gurdwara** 

**Notes to the Financial Statements - continued for the Year Ended 30 April 2023** 

## **14. RELATED PARTY DISCLOSURES** 

There were no related party transactions for the year ended 30 April 2023. 

Page 13