2024-03-31-accounts - Guru Nanak Satsang Sikh Temple

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Trustees' Annual Report for the period

Period start date Period end date 01 04 2023 31 03 2024

From

Section A Reference and administration details

Charity name

Guru Nanak Satsang Sikh Temple

Other names charity is known by

	Registered charity number (if any) 1044348 Charity's principal address 198 – 204 Cannock Road Wolverhampton West Midlands Postcode WV10 0AL ~~ee~~	Registered charity number (if any) 1044348 Charity's principal address 198 – 204 Cannock Road Wolverhampton West Midlands Postcode WV10 0AL ~~ee~~	Registered charity number (if any) 1044348 Charity's principal address 198 – 204 Cannock Road Wolverhampton West Midlands Postcode WV10 0AL ~~ee~~
	Names of the charity trustees who manage the charity
	Trustee name	Office (if any) Dates acted if not for whole year	Name of person (or body) entitled to appoint trustee (ifany)
1	Gurmukh Singh
2	Harvinder Singh Chatha
3	Jasbir Singh Sidhu
4	Ranjit Singh
5	Rajinder Tutt
6
7
8
9
10
11
12
13
14 15 16 17 18 19 20	Names of the trustees for the charity, if any, (for example, any custodian trustees) ~~=== =~~
	Name	Dates acted if not for whole year

March 2012

TAR

Names and addresses of	advisers (Optional information)	advisers (Optional information)
Type of adviser	Name	Address




Name of chief executive or names of senior staff members (Optional information)

Section B Structure, governance and management

Description of the charity’s trusts

Type of governing document

(eg. trust deed, constitution)

Constitution

How the charity is constituted Trust

(eg. trust, association, company)

Trustee selection methods

(eg. appointed by, elected by)

Committee

Additional governance issues (Optional information)

You may choose to include additional information, where relevant, about:

policies and procedures adopted for the induction and training of trustees;
the charity’s organisational structure and any wider network with which the charity works;
relationship with any related parties;
trustees’ consideration of major risks and the system and procedures to manage them.

Section C Objectives and activities

The Guru Nanak Satsang Sikh Temple is committed to providing. effective facilities for the practice of the religion, enabling as many Summary of the objects of the people as possible to worship at the temple and become part of the charity set out in its community. governing document

March 2012

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In planning activities for the year, the Temple has considered the Commission’s guidance on public benefit, with particular regards to the guidance on charities for the advancement of religion. In this light, we try to enable the community at large to practice their faith through the following activities:

 Regular ceremonies in line with normal practice of the faith allowing members to pray and worship

Summary of the main activities undertaken for the public benefit in relation to these objects (include within this section the statutory declaration that trustees have had regard to the guidance issued by the Charity Commission on public benefit)

 Specific functions throughout the year in respect of special events and celebrations important to the Sikh faith  Functions for community members for specific occasions, such as blessings for birthdays etc  Education for all members of the community, learning more about the fundamentals of the religion and developing knowledge on its practice through life

 Entertainment events to promote and enrich the community

 Fund raising events to gather donations for the maintenance of Facilities

Regular intervals of free meals are being provided to people in need.

Additional details of objectives and activities (Optional information)

You may choose to include further statements, where relevant, about:

policy on grantmaking;
policy programme related investment;
contribution made by volunteers.

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March 2012

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Section D Achievements and performance

Summary of the main The trustees are pleased with the performance of the Temple this achievements of the charity year. The congregation has grown in the year as more of the community has during the year come to pray and worship. As a result, improvement was made to lift to help and assist the community with mobility in the temple.

March 2012

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Section E Financial review

Brief statement of the charity’s policy on reserves

Details of any funds materially in deficit

The Chairty holds reserves of £1,251,127 (2023: £1,291,017) which is unrestricted funds. These funds are held to meet any unforeseen expenditure that may occur.

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Further financial review details (Optional information)

You may choose to include additional information, where relevant about:

the charity’s principal sources of funds (including any fundraising);
how expenditure has supported the key objectives of the charity;
investment policy and objectives including any ethical investment policy adopted.

Section F Other optional information

Section G Declaration

The trustees declare that they have approved the trustees’ report above.

Signed on behalf of the charity’s trustees

Signature(s)

Full name(s) Gurmit Singh

Position (eg Secretary, Chair, Secretary

etc)

Date 12/12/24

March 2012

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Charity Reg. No. 1044348

GURU NANAK SATSANG SIKH TEMPLE

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

HKM & CO. LTD CHARTERED CERTIFIED ACCOUNTANTS 2ND FLOOR 48 QUEEN STREET WOLVERHAMPTON WV1 3BJ

Charity Reg. No. 1044348

GURU NANAK SATSANG SIKH TEMPLE

Charity Information

Registered Charity Address

198-202 Cannock Road Wolverhampton West Midlands WV10 0AL

Trustees

Mr Gurmukh Singh Harvinder Singh Chatha Jasbir Singh Sidhu Ranjit Singh Rajinder Tutt

President

Mr B S Atwal

Secretary

Mr G Singh

Treasure

Mr B S Gill

Accountants

HKM & Co Ltd Chartered Certified Accountants 2nd Floor Wolverhampton West Midlands WV1 3BJ

Charity Reg. No. 1044348

GURU NANAK SATSANG SIKH TEMPLE

Approval statement

We approve the financial statements for the year ended 31 March 2024 which comprise of the Income and Expenditure account, the Balance Sheet and the related notes. We acknowledge our responsibility for the accounts, including the appropriateness of the applicable financial reporting framework as set out in note 1, and for providing HKM & Co Ltd with all information and explanations necessary for their compilation.

Mr B S Atwal President

Mr G Singh Mr B S Gill Secretary Treasurer

12 December 2024

Charity Reg. No. 1044348

GURU NANAK SATSANG SIKH TEMPLE

Accountants' report on the unaudited accounts

You have approved the Financial Statements for the year ended 31 March 2024 which comprise the Income and Expenditure account, the Balance Sheet and the related notes. In accordance with your instructions, we have compiled these unaudited accounts from the accounting records and information and explanations supplied to us.

HKM & Co Ltd Chartered Certified Accountants 2nd Floor 48 Queen Street Wolverhampton West Midlands WV1 3BJ

12 December 2024

Charity Reg. No. 1044348

GURU NANAK SATSANG SIKH TEMPLE

Statement of Financial Activities for the year ended 31 March 2024

Incoming resources Donations Grants Direct Expenses Gross profit Total incoming resources Resources expended Wages, salaries and other staff costs Car, van and travel expenses Rent, rates, power and insurance costs Repairs and renewals Telephone, fax, stationery and other office costs Advertising and business entertainment costs Interest on bank and other loans Donations Accountancy, legal and other professional fees Depreciation Other business expenses Total resources expended Net movement in funds Total funds brought forward Total Funds carried forward	2024 £ 140,809 - 3,244 137,565 137,565 38,445 3,325 106,627 5,286 2,420 1,000 9,664 1,300 2,775 6,613 - 177,455 (39,890) 1,291,017 1,251,127	2023 £ 164,882 - 5,773 159,109 159,109 39,610 2,725 56,528 2,003 2,092 875 5,492 400 2,208 5,894 160 117,987 41,122 1,249,895 1,291,017

Charity Reg. No. 1044348

GURU NANAK SATSANG SIKH TEMPLE

Balance Sheet as at 31 March 2024

Notes Fixed assets Equipment, machinery and motor vehicles 3 Other fixed assets 4 Current assets Bank/building society balances Cash in hand Other current assets and prepayments Current liabilities Trade creditors Other liabilities and accruals 5 Net current (liabilities)/assets Loans due after more than one year 6 Net assets Funds of the Charity: Unrestricted funds: General funds Total Charity Funds	25,702 2,142 1,530 29,374 10,949 37,983 48,932	2024 £ 26,455 1,372,409 1,398,864 (19,558) (128,179) 1,251,127 1,251,127 1,251,127	75,225 - 1,456 76,681 7,630 29,932 37,562	2023 £ 23,579 1,372,409 1,395,988 39,119 (144,090) 1,291,017 1,291,017 1,291,017

The notes at pages 6 to 8 form part of these accounts

Approved by the trustees on date and signed on their behalf by:

Mr B S Atwal President 12 December 2024

Independent examiner's report on the accounts

Section A Independent Examiner’s Report

Report to the trustees/ members of Guru Nanak Satsang Sikh Temple On accounts for the year Charity no 1044348 ended 31[st] March 2024 (if any) Set out on pages 4 & 5 of the Financial Statements I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 31/03/2024. Responsibilties and As the charity's trustees, you are responsible for the preparation of the basis of report 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 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent I have completed my examination. I confirm that no material matters have examiner's statement come to my attention in connection which gives me cause to believe that in, any material respect:

the accounting records were not kept in accordance with section 130 of the Charities Act; or
the accounts did not accord with the accounting records; or
the accounts did 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.

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||||| |---|---|---|---| |Signed:|Harjinder Kumar Momi|Date:|31/12/2024| |Name:|Harjinder Kumar Momi| |Relevant professional|The Association of Chartered Certified Accountants| |qualification(s) or body| |(if any):| |Address:|Second Floor, 48 Queen Street, Wolverhampton, WV1 3BJ|

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Oct 2018

IER

Section B Disclosure

Only complete if the examiner needs to highlight material matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners).

Give here brief details of any items that the examiner wishes to disclose .

Oct 2018

IER