## ## ## ## |||||Page| |---|---|---|---|---| |Trustees'
annual
report||||| |Independent
auditor's|report to|the members||| |Statement
of financial|activities|||12| |Statement
of financial|position|||13| |Notes to the financial|statements|||14| |The following
pages|do not form part ofthe financial statements|||| |Detailed statement
of|financial|activities||24| |Notes to the detailed|statement|offinancial|activities|25| # ## ## |Reference|and adm|inistrative|details|| |---|---|---|---|---| |Registered|charity|name|Gurdwara|Siri Guru Singh Sabha| |Charity registration||number|1053275|| |Principal oflice|||Cottenham|Street| ||||Newcastle|Upon Tyne| ||||Tyne &Wear|| ||||NE4 5QU|| |The trustees|||||||| |---|---|---|---|---|---|---|---| |||Mr G Singh|Lally||||| |||Mr SSingh|Gill||||| |||Mr G Singh|Sarang||||| |||Mr SSingh|Dhillon||||| |||Mr A Singh|Ladhar||||| |Some of the properties|owned|by the charity|are also held||by|the trustees|| |the charity.|||||||| |Solicitors||Sintons
Law|||||| |||The Cube|||||| |||Barrack Road|||||| |||Newcastle|upon Tyne||||| |||NE4 6DB|||||| |Bankers||Barclays Bank Pic|||||| |||Westgate
Road|||||| |||Newcastle|upon Tyne||||| |||NE4 9BN|||||| |||Santander|UK||||| |||112-118Northumberland|||Street||| |||Newcastle|upon Tyne||||| |||NE1 TAG|||||| |||Lloyds Bank|||||| |||102Grey Street|||||| |||Newcastle|upon Tyne||||| |||NE99 1SL|||||| |Auditor||Chuhan
8|Singh Partnership|||Ltd|| |||Chartered|Accountants|&|statutory||auditor| |||81 Borough Road|||||| |||Middlesbrough|||||| |||TS1 3AA|||||| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ||||||2021|2021|2020| |---|---|---|---|---|---|---|---| ||||||Unrestricted||| ||||||funds|Total funds|Total funds| |||||Note|8||| |Income and endowments|||||||| |Donations
and legacies||||4|169,495|169,495|433,785| |Investment
income||||5|43,997|43,997|60,634| |Total income|||||213,492|213,492|494,419| |Expenditure|||||||| |Expenditure
on charitable|activities|||6,7|246,874|246,874|327,700| |Total expenditure|||||246,874|246,874|327,700| |Gain
in market value of investment|||properties|8|(250,000)|(260,000)|| |Net income and net movement||in|funds||216,618|216,618|166,719| |Reconciliation
offunds|||||||| |Total funds brought
forward|||||3,267,204|3,267,204|3,100,485| |Total funds carried forward|||||3,483,822|3,483,822|3,267,204| ## ## ## |||||2021||2020| |---|---|---|---|---|---|---| ||||Note|8||6| |Fixed assets||||||| |Tangible fixed assets|||13||2,983,687|3,410,707| |Investment
properties|||14||1,295,000|695,000| ||||||4,278,687|4,105,707| |Current assets||||||| |Cash at bank and
in hand||||52,864||53,321| |Creditors: amounts|falling|due within one year|15|79,001||139,720| |Nst current
liabilities|||||26,137|86,399| |Total assets less current||liabilities|||4,252,550|4,019,308| |Creditors: amounts|falling|due after more than||||| |one year|||16||768,728|752,104| |Net assets|||||3,483,822|3,267,204| |Funds ofthe charity||||||| |Unrestricted
funds|||||3,483,822|3,267,204| |Total charity funds|||17||3,483,822|3,267,204| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |||||||Unrestricted|Total Funds|Unrestricted|Total Funds| |---|---|---|---|---|---|---|---|---|---| |||||||Funds|2021|Funds|2020| |||||||6|8|E|5| ||Rents received|||||43,986|43,986|28,619|28,619| ||Car park|income||||||31,971|31,971| ||Other interest|||receivable||11|11|44|44| |||||||43,997|43,997|60,634|60,634| |6.|Expenditure|||on charitable|activities|by fund type|||| |||||||Unrestricted|Total Funds|Unrestricted|Total Funds| |||||||Funds
f|2021
K|Funds|2020
6| ||Temple|activities||||239,840|239,840|320,865|320,865| ||Support|costs||||7,034|7,034|6,835|6,835| |||||||246,874|246,874|327,700|327,700| |7.|Expenditure|||on charitable|activities|by activity type|||| |||||||Activities|||| |||||||undertaken||Total funds|Total fund| |||||||directly|Support costs|2021|2020| |||||||F|E|E|| ||Temple|activities||||239,840||239,840|320,865| ||Governance||costs||||7,034|7,034|6,835| |||||||239,840|7,034|246,874|327,700| |8.|Gain in|market value of investment||||properties|||| |||||||Unrestricted|Total Funds|Unrestricted|Total Funds| |||||||Funds|2021|Funds|2020| |||||||F|E|E|E| ||Gains/(losses)|||on investment|property|250,000|250,000||| |9.|Net Income||||||||| ||Net income||is|stated after charging/(crediting):|||||| |||||||||2021|2020| |||||||||8|6| ||Depreciation||of tangible fixed assets|||||77,020|77,203| |10.|Auditors|remuneration|||||||| |||||||||2021|2020| |||||||||E|E| ||Fees payable|||for the audit ofthe financial statements||||2,500|2,500| ## ## ## |The|total|staff|costs|and|employee|benefits|for|the|reporting|period|are|analysed as|follows:| |---|---|---|---|---|---|---|---|---|---|---|---|---|---| |||||||||||||2021|2020| ||||||||||||||6| |||||||||||||36,697|49,049| ## ## |Tangible
fixed assets|||||| |---|---|---|---|---|---| ||Land and|Fixtures and|Motor||| ||buildings
6|fittings|vehicles
6|Equipment|Total
f| |Cost|||||| |At 1 April 2020|3,860,254|140,502|38,159|15,219|4,054,134| |Transfers|(350,000)||||(350,000)| |At 31 March 2021|3,510,254|140,502|38,159|15,219|3,704,134| |Depreciation
At 1 April 2020|477,352|140,502|15,264|10,309|643,427| |Charge for the year|68,652||7,632|736|77,020| |At 31 March 2021|546,004|140,502|22,896|11045|720 447| |Carrying
amount
At 31 March 2021|2,964,250||15,263|4,174|2,983,687| |At 31 March 2020|3,382,902||22,895|4,910|3,410,707| ## ## ## ## |Investment
properties||| |---|---|---| |||Investment| |||propertiesf| |Cost or valuation||| |At 1 April 2020||695,000| |Additions||| |Fair value movements||250,000| |Transfer from freehold|property|350,000| |At 31 INarch 2021||1,295,000| |impairment||| |At 1 April 2020 and 31 March 2021||| |Carrying
amount||| |At 31 March 2021||1,295,000| |At 31 March 2020||695,000| ## ## ## |||2021|2020| |---|---|---|---| ||||5| |Bank loans and overdrafts||44,001|69,720| |Accruals and deferred|income|5,000|5,000| |Other creditors||30,000|65,000| |||79,001|139,720| ## |Credi|tors: amounts
falling due after more than|one year|| |---|---|---|---| |||2021|2020| |Bank|loans and overdrafts|673,728|652,104| |Other|creditors|95,000|100,000| |||768,728|752,104| ## ## ## |||||||||At| |---|---|---|---|---|---|---|---|---| |||||At|||Gains and 31 March 202|| ||||1|April 2020|Income
F|Expenditure
F|losses
6|1
f| |General|funds|||3,267,204|213,492|(246,874)|250,000|3,483,822| |||||||||At| |||||At|||Gains and 31 March 202|| ||||1|April 2019|Income|Expenditure|losses|0| |||||6|6|F|6|6| |General|funds|||3,100,465|494,419|(327,700)||3,267,204| |Analysis|ofnet assets between funds|||||||| ||||||||Unrestricted|Total Funds| ||||||||Funds|2021| ||||||||E|6| |Tangible|fixed assets||||||2,963,687|2,983,687| |Investments|||||||1,295,000|1,295,000| |Current|assets||||||52,864|52,864| |Creditors|less than|1|year||||(79,001)|(79,001)| |Creditors|greater than||1 year||||(768,726)|(768,728)| |Net assets|||||||3,483,822|3,483,822| ||||||||Unrestricted|Total Funds| ||||||||Funds|2020| ||||||||E|| |Tangible|fixed assets||||||3,410,707|3,410,707| |Investments|||||||695,000|695,000| |Current|assets||||||53,321|53,321| |Creditors|less than|1|year||||(139,720)|(139,720)| |Creditors|greater than||1 year||||(752,104)|(752,104)| |Net assets|||||||3,267,204|3,267,204| ## ## ## ## ## |||Ye|ar ended 31 March 2|021|| |---|---|---|---|---|---| |||||2021|2020| |||||8|E| |Income and endowments|||||| |Donations
and legacies|||||| |Donations||||115,650|394,274| |Gift Aid Received||||31,049|39,511| |Grants receivable||||22,796|| |||||169,495|433,785| |Investment
income|||||| |Rents received||||43,986|28,619| |Car park income
Other interest receivable||||11|31,971
44| |||||43,997|60,634| |Total Income||||213,492|494,419| |Expenditure|||||| |Expenditure
on charitable
Wages and salaries
Rates and water||activities||36,697
6,413|49,049
8,774| |Light and heat
Repairs and maintenance
Insurance||||31,640
12,760
4,211|41,629
27,923
14,865| |Other establishment||||5,818|10,879| |Motor vehicle expenses
Legal and professional
Telephone
Other office costs|fees|||265
12,664
1,961|4,245
28,276
1,139
186| |Depreciation
Other interest payable
Consumables|and similar charges|||77,020
76
2,633|77,203
322
4,776| |Other expenses
Donations||||19,490
14,000|22,786
7,979| |Bank Loan interest||||22,226|27,669| |||||246,874|327,700| |Total expenditure||||246,874|327,700| |Gain in market value|of investment||properties||| |Gains/(losses)
on investment||property||(250,000)|| |Net Income||||216618|166719| ## ## ## |Year|ended 31 March 2021||| |---|---|---|---| |||2021|2020f| |Expenditure
on charitable
activities|||| |Temple activities
~ II lg
d Wk ~i~6
Temple activities - wages & salaries
Temple activities - rates & water
Temple activities - light & heat
Temple activities - repairs
& maintenance
Temple activities - insurance
Temple activities - other establishment
Temple activities - motor vehicle expenses
Temple activities - professional
fees
Temple activities - telephone
Temple activities - stationery
&advertising
Temple activities - depreciation
Temple activities - bank interest
payable
and similar charges
Temple activities -consumables
Temple activities - other expenses
Temple activities - charitable
donations
Temple activities - bank loan interest||36,897
5,413
31,640
12,760
4,211
5,818
265
5,630
1,961
77,020
76
2,633
19,490
14,000
22,226|49,049
8,774
41,629
27,923
14,865
10,879
4,245
21,441
1,139
186
77,203
322
4,776
22,786
7,979
27,669| |||239,840|320,865| |Governance
costs|||| |Governance
costs - accountancy fees||4,534|4,334| |Governance
costs - audit fees||2,500|2,501| |||7,034|6,835| |Expenditure
on charitable
activities||248,874|327,700|