SHRI GURU TEGH BAHADUR SAHIB ANNUAL REPORT R THE YEAR ENDED 1 MARCH 2024 CONTEN Page8 Legal and AdministratlV6 information Report of the Trustee8 Report of the Independent Examlners Statement of Financial Actlvitl8S Balance Sheet Cashflow Statement Accounting Policie8 Notes to the Financial Statements 9-11 Reg18térod Charity No. 1032210
Shri Guru Te h Bahadur Sahib LEGAL AND ADMINISTRATIVE INFORMATION TRUSTEES Daleep S Digwa Amerik S Rathore Narinder Singyh Chanaii S Roath - resigned September 2024 Gurnam S Digiwa EXFCUTIVE COMMITTEE Rashpal S Digywa Waleti S Roath Surender S Swali Amarjit S Rathore GurdL'v S Roaih Ronak S Digwa Presidenl Vice President Secretary Vice Secretary Trea4urLr Vice 'l"rcasurer ADDRFSS 7 Sl Marks Road Newtown Southampton S014 ONW INDEPENDENT EXAMINEIIS CoLhrane & Co Accountants Limited 38 KingFS Road Lee on tlie Solent Hampshire P013 9NU BANKERS TSB PLC Avenue Branch London Road Southampton
Shri Guru Te h Bahadur Sahib REPORT OF THE TRUSTEES For the ear ended 31, March 2024 The Trustees have pleasure in presenting their annual report togelher with the independently examined financial statements for the year ended 31,. March 2024. The Trustees are responsible for preparing the Trustees, Annual Report and the financial statements in accordance with applicable law aiid United Kingdom Accouiitingy Standards (United Kingdom Generally Accepted Accounting Practice) CONSTITUTION AND OWECTS OF THE CHARITY The Shri Guru Tegh Bahadur Sahib Gurdwara is a regyj.stered charity no 1032210. The objects of the charity are to promote and observe the Sikh religyion and to provide a place of worship, to promote the education of the meinbers and the study of the Punjabi language and to relieve Inembers in need as decided by the executive committee. The Charity works closely with the wider community to provide for public benefit. ORGANISATION The trustees who have served during the year and since the year end are set out on page l. The executive committee who has served since the last Annual General Meeting are set out on page l. The executive committee is elected annually at the Annual General Meeting. All members OF ihe executive committee retire and being eligible ofter themselves for re-election. ACHIEVEMENTS The Gui'dwara continues to progress the delivery of its main objectives to provide a place of worship for t"ollowers of sikhism, facilities for the local Sikh community and regylilar iiieals for those in need, This is supplemented with regular support to the Southampton Sikh Sewa Group who provide outreach meals to homeless and needy people across the city. The Gurdwara recently started a major project to reduce its carbon foot print. The tirst stagye of this involved the replacement ofthe gas central healing and gas tired hot water system which was coirjpleted in year. These were replaced by Infra-red heaters and solai. assisted heat pump tor hot water. The next stage to install solar panels started in April 2024 FINANCIAL REVIEW The results for the year are set OLrt on the Statement of Financial Activities on page 5. The surplus for the year amounted to £5.154 (2022123 surplus £23,073). This has been transt'erred to the unrestricted accumulated fund. RESERVES AND GOING CONCERIY With the continued support of its members, congregation and volunteers the Gurdwara reports a surplus for the year added to its unrestricted tunds. This gives assurance there are no reasons to believe the Trustees cannot present the accounts on a going concern basis. TRUSTEES RESPONSIBILITIES IN RELATION TO THE FINANCIAL STATEMENTS The law applicable to charities in England & Wales requires the trustees to prepare financial statements for each financial year, which give a true and fair view of the state of affairs of the charity and of the incoming resourccs and application of resources of the charity for that period. In preparing these financial statements the trustees are required to:
l ) Select suitable accounting policies and then apply them consistently. 2) Observe the methods and principles in the Charities SORP (FRS 102). 3) Make judgements and estimates that are reasonable and prudent. 4) State whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the tinancial slatemei)ts' and 5) Prepare the financial stateinents on the going concem basis unless it is inappropriate to presume that the charity will continue to operate. The trustees are responsible t'or keeping accounting records that disclose, with reasonable accuracy? at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Charities Act 201 I, the Chai'ities (Accounts and Reports) Regulations 2008 and the provisions of the Trust Deed. They are also responsible t'or safeguardingi the assets of the chai'iiy and heiice for takingTr reasonable steps for the prevention aiid detection of fraud and other irregFularities. Tlie trustees receive no remuneration and no expenses. This report was approved by the I'rustees on 13 ¢ Ix r 2024 Trustee Ti'ustee
Shri (Jiiru Te&Fh Bahadur Sahib pr,Nl)F.NT XAMINER'S R 13AFIADIIR 6AJIIII For thc Liar endeil 3 UR Mmrch 2024 I report ts) the charity truslccs on my examinution of the accounts of thr Charity fi?r tlie ycar ciid¢d .1 I MarLlI 2024, wliilh arL sel oiit 011 pa¥es 4 to l O. RFSI)ON%IB1LlEs AND BASIS OF REPORT As the ehai'ity's triiStL's yoil are rempoiislble for 11)e propRratii?n of ihe acLount9 iii accordanLe w ilh Ihe requi.1c11t,¥ ot tlio CliuritiL's Aci 2011 {'tli¢ AGt'). I r¢p(Irl in I'Lsp¥¢I ufr Iiiy ex&iiiiiiutii)ii ol. tlik ¥liarily'Y a¢coiinls Lun'ied out linder se¢tiixi 145 ot tlie Act uncl iii ciirryiiig <)ut my exnminalion I huvL' followed ull Ilie MpplicAhle Dir¢¢linns given hy Ihe Churity C,oiiiiiiisyluii un(lir sectioii 145(5)(b) Df tlie Act. INDE¢PF.NDINT FXAMThfRS•S STATEMF.NT I liave Loiiipleled Iny examiii¢ltiuii. I coiitirin ihat 11() Inat¢rial Ial.1¢'S have comL' lo my attentioii iii collnL'clinn wilh tlic exaniiiialion giving me cll115C to belicvc thr4t in any mfiterinl respect.. 'I'liu iiceoiiiitin8 roL'Lyr(ls wcrLi not kopl in rospect of the charity us reqiiir¢d by scctioTr 130 of thc Act. or 2, Tlie account8 dc) not accord wilh tho.se lrdS. or 3, Tlic ncL()uiils di) nol knoinplv with IhL appllLablL' reqiiirLllI)ellty ¢onLL'niiny thL' forni <111d c()iiti'iil ()f ilCCiiLiiils ser i)iit iii tlic C'hariliLS (A¢Luiint4 and Report4) R¢biuliition9 2n08 (rtlIL'r tlian aiiv roqiiii'L'iiiciit ilillt tlic accouiity 1VL. u 'tni¢ and tair vicw, whilh is n()t a matter coii.sidLiid part ol. Hii iiidepeiidenl Lxiilliinllli()n. I liave iio conccrns and have come across no oihpr matter5 in conneL'tion with my examination lo wlii¥li ultiiiti(yii should bc drawii iii thi¥ p()rI iii ()rdui' tiy ¢iiubli' a prOr undL'rstanding of t]ie occ()U11ty lo bc reai'li¥ld. J Loclirane, l.'C'A l)at¢d., %*/,.IL+ Coclirane & C'o Ac¢oiiiitants Limited. 38 King$ Road, l.ee-on-the-Sc)lenl. Plamp%hire. P013 9NU
Shri Guru Te h Bahadur Sahib Statement of Financial Activities FOR THE YEAR ENDED 31 MARCH 2024 Notes 2024 2023 Incomln Resources Donations received 51,701 40,867 Charitable Income 48,438 50,534 Grants Receivable Total Incomlng resources 100,139 91,401 Resources ex ended Direct charitable expenditure., Grants payable Other direct charitable expenditure 551 32,793 2,958 14,116 Total direct charitable expenditure 33,344 17,072 Other expenditure.. Fundraising and publicity Management and administration 61,641 51,256 Total other expenditure 81,641 51,258 Total resources expanded 94,985 68,328 Net income resource8 5,154 23,073 Fund balances brought forward 788,052 764,979 Fund balances carrled forward 793,206 788,052
Shri Guru Te h Bahadur Sahib BALANCE SHEET A8 at 31st March 2024 Notes 2024 2023 FIXED ASSETS Tangible assets Investment Property 287,236 368,206 655,442 225,085 368.206 593,291 7a CURRENT ASSET8 Debtors Cash and bank 2.157 163,832 165,789 4,418 207,558 211,976 Creditors.. Smount falling due within on8 yèar (28,025) (17,215) NET CURRENT ASSETS 137,764 194,761 TOTAL ASSETS LESS CURRENT LIABILITIES 793.206 788,052 NET ASSETS 793,206 788,052 TOTAL FUNDS 10 793,206 788,052 The financial statements on pages 4 to 10 were approved by the trustees on., I S dce&be r 2<>1 Signed (Trustee) Signed (Trustee)
Shri Guru Te h Bahadur Sahib Cashflow Statem nt for the ear endin 31st March 2024 2024 2023 Nel cash inflow from operating activities 21,172 15,513 Purchase of tangible fixed assets (65,098) Proceeds from sale of fixed assets 200 (Decrease)Ilncrease in cash and cash equivalents (43,926) 15,713 Opening cash and cash equivalents 207,558 191,845 Closing cash and cash equivalents 163,632 207,558 Nots8 to cash flow 8tatsment: Reconclllatlon of changes In resouce8 to net ca8h Inflow from operatlng actlvltle8 Net income resources Depreciation Lossl(Profit) on Dispos81 of Assets Increasel{D6crease) in creditors Decre8sel(Increase) in debtors 5,154 2,946 23,073 1,965 (200) (8,795) (2,530) 10,810 2,261 21,172 15,513 Analy813 of changes In cash and cash equlvalents durlng the year Cash and bank 163,632 207,558 (43,926)
Shri Guru Tegh Bahadur Sahib NOTES TO THE ACCOUNTS 1 Accounting policies The financial statements have been prepared under the historical cost convention and are in accordance with applicable accounting standards, and the Charities Accounting Ststement of Recommended Practice (SorpFRS102>. There have been no changes in the accounting policies. All grants and voluntary Income are accounted for gross when recelvable, as long as they are capable of financial measurement. This includes gifts in kind, included at estimated valuation. b All expenditure is accounted for gr088, and when Incurred. c Direct charitable expenditure includes the direct costs of the activiti88 and depreciation on related assets. d Support costs comprise service costs incurred centrally in support of the aims of the Charity. e Fixed a88et8 are included at C08t or valuation.. there are no uncapitalised fixed 833ets. f Depreciation is provided to wrSte off the costs or valuation, less estimated residual values, of all fixed assets except freehold premises, over their expected useful lives. It 18 calculated at the following rates.. Kitchen Equlpment 100/0 or 200h straight line Muslcal Instruments and PA system 200/0 Straight line other Equipment 200k 8traight line Motor Vehicle 200/0 Straight line Infra Red Heating System 5 % straight line g Grants are recognised as expenditure when the commitment is entered Into. Where such a grant is to be paid over instalments, the outstanding balance is disclosed as a liability. h Debtors are recognised on the basis of an amount that is reasonably payable to the Charity. I Creditors are recognised on the basis of amount payable for goods and services received but not yet invoiced or paid for.
Shri Guru Te h Bahadur Sahib NOTES TO THE ACCOUNTS 2024 2023 2 Grants roc8ivable None 3 Grants payable 2024 Number 2024 2023 2023 Valu Payable to individuals Payable to institutions 551 2,956 551 2956 4 Analy818 of R•8oufGO8 Expended Other direct charitable expenditure Support costs Grants payable other expenditure Management and administration 32,793 551 14,118 2,958 61.641 51,256 Total 94,985 68,328 5 Support co8t• Langar and Gurpurbs Giannis expenses Depreciation 13,834 18,013 2,946 5,576 6,575 1,965 32,793 14,116 6 Management and Admlnlstratlon costs Meetings and travel expenses Telephone Postage and stationery Accountancy review Legal and professional Water rates Business rates Light and heat Insurance Repairs and renewals Lossl(Profit) on disposal of assets Sundry expenses 1,508 1,047 59 2,142 (634) 2,948 1,372 42.998 2.722 4,814 1.218 948 79 2,142 1,410 1,980 1,231 25,361 2,374 13,000 (200) 1,713 2.665 61,641 51,256 No amounts were paid to the Trustees.
Shrl Guru T h Bahadur Sahlb NOTE THE ACCOUNTS 7 Flxad A888ts FREEHOLD KITCHEN INSTRUMENTS MOTOR PREMISES E IPMENT AND PA OTHER Opening balanc Additions Disposals 218,500 14,321 1,956 3,600 440 1300} 16,089 77,286 62.702 329,798 65,098 {300} Closlng balance 218,500 16,277 3,740 16,089 139,988 394,594 Opening balance Disposals Charg8 for the year 12,905 3,595 {299) 30 16,088 72,123 104,711 {2991 2,946 506 2,410 Closing balance 13,411 3,326 18,088 74,533 107,358 At 318t M8rch 2023 218,500 1,416 5,163 225,085 At 318t March 2024 218,500 2,868 414 65,455 287,236 7a Invo8tment Property Falr Valuo 31 March 2024 Net Book Valu? At 31st March 2024 In the opinlon of the Tru8tea8 the Net Book Value of tha 8889t8 are reprob8ntative of their Fair Value. 8 Dobtor• Oue wlthln one year Other Debtor8 Prepayments 2,157 2.157 4,418 4,418 10
Shri Guru Te h Bahad hib NOTES TO THE ACCOUNTS 9 Cr8ditor8 024 Amounts falling due within one year Accountancy Accruals Other creditors 2,142 22,829 3,054 28,025 2,142 8,869 6,204 17,215 10 Accumulated Fund At beginning of year 788,052 764,979 Surplus for the year 5,154 23,073 Total Fund 793,206 788,052 All the Charlty's funds are unrestrlcted.