Trading and Profit and Loss Accounts for the Year Ended 31st March 2024 Guru Teg Bahadhur Temple ## Guru Teg Bahadhur Temple ## Contents of the Financial Statements for the Year Ended 31st March 2024 ||Page| |---|---| |General Information|1| |Accountant’s Report|2| |Trading and Profit and Loss Account|3| |Balance Sheet|4| |Tangible Fixed Assets|5| Financial Statement ## For the Year Ended 31st March 2024 ## Accountant’s Report to ## Guru Teg Bahadhur Temple As described on page four, you have approved the trading and profit and loss account for the year ended 31[st] March 2024. In accordance with your instructions, we have compiled these unaudited financial statements from the accounting records and explanations supplied to us. Mr S Porbanderwalla 19 Campion Grove Halesowen West Midlands B63 1HB Date: .....10.10.2024.... Guru Teg Bahadhur Temple ## **Trading and Profit and Loss Accounts for the Year Ended 31st March 2024** |**Income:**
Golak
Donaton
**Cost of Sales:**
Opening Stock
Purchases
Closing Stock
**Gross Proft**
**Other Income:**
Deposit account interest
**Expenditure:**
Head Priest wages
Staf Pension
Kirtan/Teachers fees|**31.03.2024**
**£**
**£**
84,435
3,840
88,275
262
5,219
5,481
-287
5,194
**83,081**
**83,081**
18,964
250
4,064|**31.03.23**
**£**
**£**
58,601
4,970
63,571
209
1,295
1,504
-262
1,242
**62,329**
**62,239**
12,390
257
2,430|**31.03.23**
**£**
**£**
58,601
4,970
63,571
209
1,295
1,504
-262
1,242
**62,329**
**62,239**
12,390
257
2,430| |---|---|---|---| ||262
5,219|209
1,295|| ||5,481
-287|1,504
-262|| ||18,964
250
4,064|12,390
257
2,430|| ||||**62,329**| ||||**62,239**| |Telephone|260||385|| |---|---|---|---|---| |Advertsing|180||210|| |General Expenses|215||387|| |Repairs and Renewals|44,750||31,352|| |Accountancy|1,000||2,200|| |Rates & Water|175||105|| |Insurance|2,105||2,105|| |Light & Heat|4,608||3,364|| |||**76,501**||**55,130**| |**Finance Costs:**||||| |Bank Interest|0||0|| |Bank Loan Interest|
0||0|| |Bank Charges|0||0|| |||0||| |||||| |**NET PROFIT:**||6,580||7,199| ||**Guru Teg Bahadhur Temple**|||| |**Balance Sheet as at 31st March 2024**||||| ||**31.03.24**||**31.03.23**|| |**FIXED ASSETS:**|**£**
**£**|**£**|**£**|| |Freehold Land & Property|725,335|725,335||| |Plant & Machinery|43,287|43,287||| |Fixtures and Fitngs|24,870|24,870||| ||||**793,49**|| ||**793,492**||**2**|| |**CURRENT ASSETS:**||||| |Stock|287||262|| |Bank Account|39,899|29,623||| |Cash in Hand|565|1,194||| 40,751 31,079 ## **CURRENT LIABILITIES:** |Trade Creditors
P.A.Y.E
Accrues expenses
**FINANCED BY:**
**CAPITAL ACCOUNT:**
Balance B/F:
Net Proft|7,070
62
1,000|8,132
**826,111**
**826,111**|2,601
239
1,000|5,040| |---|---|---|---|---| ||1,086
819,531
6,580||26,837
812,332
7,199|| |||||**819,53**
**1**| |||||| |||||**819,53**
**1**| I approve the financial statements and confirm that I have made available to all relevant records and information for their preparation. ...................................................... S.Singh Date.............................................. ## **Guru Teg Bahadhur Temple Tangible Fixed Asset Schedule as at 31st March 2024** |**COST:**
**At 1st of April 2023**
**Additons**
**At 31st March 2024**|**Freehold**
**Land &**
**Property**
**£**
725,335
0
**725,335**|**Plant and**
**Machinery**
**£**
43,287
0
**43,287**|**Fixtures**
**and**
**Fitngs**
**£**
24,870
0
**24,870**|**Totals**
**£**
793,492
0| |---|---|---|---|---| |||||**793,492**| ## **NET BOOK VALUE:** |**At**|**31st Mach 2024**|**725,335**|**43,287**|**24,870**|**793,492**| |---|---|---|---|---|---| |**At**|**31st March 2023**|725,335|43,287|24,870|793,492|