Charity registration number: 1053275
Gurdwara Siri Guru Singh Sabha
Annual Report and Financial Ststements
forthe Year Ended 31 March 2024

Gurdwara Sirl Guru Singh Sabha
Contents (continued)
Reference and Administrative Details
2to5
Trustees, Report
6t09
Independent Auditors, Report
statement of Financial Activities
10
11
Balancé Sheet
12to21
Notes to the Financial Statements

Gurdwara Siri Guru Singh Sabha
Reference and Administrative Detsils
Trusteos
Mr G Singh Sarang
Mr G Singh Lally
Mr S Singh Gill
Mr A Singh Ladhar
Some of the properties owned by the charity are also held by the trustees as custodians on behalf of
the charity.
Charfty Reglstratlon Number
1053275
Principal Office
Sikh Temple
Cottenham street
Newcastle-upon-Tyne
NE4 SQU
Chuhan & Singh Partnership Limited
Chartered Accountants & statutory auditor
81 Borough Road
Midd18sbrough
TSI 3A4
Sintons Law
The Cube
Barrack Road
Newcastle upon Tyne
NE4 6DB
Barclays Bank
Westgate Road
Newcastle upon Tyne
NE4 gBN
Lloyds Bank
102 Grey Street
Newcasde upon Tyne
NE99 1SL
Santander UK
112-118 Northumberland Street
Newcast5e upon Tyne
NE17AG
Auditor
Solicltors
Bankers
Page 1

Gurdwara Siri Guru Singh Sabha
Trustees. Report
The trustees present the annual report together with the financial statements of the charity for the year
ended 31 March 2024.
Objectives and actlvities
Our.objeGtives
The charity's objectives are to provide a cultural socifrreligious base for the Sikh Community in
Newcastle-upon-Tyne. The charity has continued in its objectives stated above by providing an open,
easy and free means for the Sikh community in thé area to engage in their. religious and cultural
heritag8. The Charity built a new Gurdwara for the local Sikh Community to help ensure that the
charity achieves its objectives.
We have referred to thè guidance contained in the Charity Commission's general guidance on public
benefit when reviewing our aims and objectives and in planning our future activities and we are
satisfied that we have fuFfilled our responsibilities in respect of this criteria.
Strategies
We want to make our Temple an accessible and welcoming venue where all Sikhs, or those wishing
to know more about our faith, can gather t￿ether to learn about religion and worship. The Temple is
open daily from 4:30am until 8'.00pm with Saturday and Sunday being the busiest days.
We try to promote the Sikh faith in the Newcastle area and encourage all schools, colleges and
universib.es to visit the Temple.
We regularly invite people from other faiths to attend at major functions in order to maintain and
promote inter-faith activities. We also have a Langar (free kitch8n) which is open to everyone in the
local community, irrespective of religious beSiets. We take part in an annual Int8r-F2ith Peac8 march in
Newcastle marching from the Hindu Temple to the Church, Mosque, Synagogue and ending at our
Temple with a free meal.
An important part of our faith is helping those in need. We operate a clothing collection service and we
regularly visit Newcastle City Centre to distribute food, clothing and blankets to those in need
including horneless, refugees and asylum seekers.
We offer many different dasses to the local community including Punjabi, religious olasses for
children and yoga classes.
Publlc ben8fit
The chartty carries out a wid8 range of activities in pursuance of its charitable aims. The trustees
onsider that these activsties provide ben8fit both to those who worship at our Temple and the wider
communty.
Use of volunteers
Volunteers are an important resource in both our faith and community work. Volunteers are involved
in most of our faith and community activities and we have people regularty giving their time.
Page 2

Gurdwara Siri Guru Singh Sabha
Trustees. Report (continued)
Financial revlew
Policy on reseThes
The trustees are satisfied with the financial position of the charity at the year end and there are no
COn￿rnS regarding the charty's ability to continue in the future.
It is the policy of the charity to maintain unrestricted funds that are sufficient to cover management,
adrninistration, and running costs of the charity for a period of four to six months.
The eX￿s$ of income over expenditure for the year was £16,616. The total reserves at 31 st Mard)
2024 were £3,863.648. The trustees are satisfied wth the level of reserves
Principal funding sources
The principal source of funding for the charity are donations from the local Sikh communty. Trustees
are members of the Temple are encouraged to pay their donations monthly via standing order.
The charity also re￿]VeS rental income from its property Portfolio. Gift aid is also in operation.
Plans for the future.
The charity wishes to continu8 the promotion of the Sikh faith in the local Gomrriunity and to coninue
helping those in need.
Going concem
The financial statements have been prepared on a going concem basis which assumes the charity will
continue in operational existen￿ for the foreseeable future.
Structure, govemance and management
Nature of governing document
Gurdwara Siri Guru Singh Sabha is constitutsd as a charitable trust registered with the Charit18S
Commission in February 1996 und8r the charity number 1053275. It is governed by a constitution last
updated in November 1995.
R8crnltment and appointment of trustses
The existing trustees are responsible for the recruitment of new trustees but in so doing the trustees
seek th8 views and recommendations of both elders and community leaders. The trustees believe this
approach ensures that new trustees are respected members of the fatth and local communities and
ensures that good relations. are fostered be￿een the Temple and the people of the local community
that we seNe.
In selecting new trustees, we seek to identify people who regularly attend events an(5 functions
organised by the charity and are willing to volunLeer to help in our broader community work. Potential
trust*s are invited to attend trustees. meetings as obseNers and are given more details of the
Chariws aims and activities and. if all agree, they are then proposed as new trust*s at the
subsequent trustees, meeting. This process allows due consideration of the person's eligibility,
personal competence, specialist knowledge and skills.
Page 3

Gurdwara Siri Guru Singh Sabha
Trustses, Report {continued)
Induction and tralning of trustees
Following appointrnent, new trustees are intrOdU￿d to their new role and given copies of the
constitution along with a number of publications from the Charities commission which provide
guidan￿ on charitses and public benefit and on the advancement of religion for the public benefit
This ensures that new trustees are aware of the scope of their responsibilities under the Charities Act
Organlsational structure
The charity trustees along with a management committee are responsible for the general control and
management of th8 charty. The trustees and committee members give théir time freely and receive
no remuneration or other financial benefits. The trustees and committee members meet together, as a
body, periodically and are responsible for all decisions taken in relation to running the Temple and the
community facilities and the activities provided by the charity. The trustees have delegated day to day
rnanagement of the charity to Mr Ja9tar Singh who has been appointed President of the committee.
The other officials of the Charity are as follows".
President - Jagtar Singh
Treasurer - Malkit Singh
General Secretary - Jarnail Singh
laJ"or risks and management of those risks
The trustees have assessed the risks faced by the charity and are satisfied that syst8ms are in pla￿,
or arrangement5 are in hand, to manage identified risks. In particular, insurantt cover is in plac8 and
the finances cf the Temple are kept under r￿ular review. Appropriate Disclosure and Barring S8rvice
(DBS) checks are made for all those who work ￿th children and other vulnerable groups wrthin the
Temple and community.
Page 4

Gurdwara Siri Guru Singh Sabha
Trustees. Report (continued)
ststement of Trustees. Responsibilities
The trustees are responsible for preparing the trustees, report and the financial statements in
accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted
Accounting Practi￿) and applicable law and regulations.
The law applicable to charities 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 resour¢es
and application of resources of the charity for that period. In preparing these financial statements, the
trustees are required to-.
select suitable accounting policies and then apply them consistently-,
observe the methods and principles in the Charities SORP-,
make judgements and estimates that are reasonable and prudent.,
state whether applicable accounting standards have been followed, subject to any material
departures disclosed and explained in the financial statements. and
prepare the financial statements on the going concern basis unless it is inappropriate to presume
that the charity will continue in business.
The trustees are responsible for keeping proper 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 2011, the Charities (Accounts and Reports) Regulations
2008, and the provisions of the constitution. The trustees are also responsible for safeguarding the
assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud
and other irregularities.
The trustees are responsible for the maintenance and integrity of the corporate and financial
information included on the charitable company's website. Legislation governing the preparation and
dissemination of financial statements may differ from legislation in other jurisdictions.
Reappointment of auditor
Chuhan and Singh Chartered Accountants have been appointed as auditors for the ensuing year.
The annual report was approved by the trustees of the charity on
behalf by..
and signed on its
Mr A Singh Ladhar
Trustee
Page 5

Gurdwara Siri Guru Singh Sabha
Independent Auditorfs Report to the Members of Gurdwara Siri Guru Singh
Sabha
Opinion
We have audited the financial statements of Gurdwara Siri Guru Singh Sabha (the 'charity') for the
year ended 31 March 2024,: which comprise the Statement of Financjal Activities, Balance Sheet, and
Notes to the Financial Statements, including a summary of significant accounting policies. The
financial reporting framework that has been applied in their preparation is United Kingdom Accounting
standards, comprising Charities SORP - FRS 102 'The Financial Reporting stsndard applicable in the
UK and Republic of Ireland, and applicable law (United lQ'ngd.om Generally Accepted Accounting
Practice).
In our opinion the financia] ststements:
give a true and fair view of the state of the charity s affairs as at 31 March 2024 and of its incoming
resources and appliGation of reSoUr￿s, including its income and expenditure, for the year then
have been properly prepared in accordan￿ with United Kingdom Generally Accepted Accountin9
Practice., and
have been prepared in accordance with the requirements of the Charities Act 2011.
Basis for opinion
We conducted cur audit in accordance with Intsrnational Standards on Auditsng (UK) (ISAS (UK)) and
applicable law. Our responsibilities under those standards are further described in the auditor
responsibilities for the audit of the financial stat8ments section of our report. We are independent of
the charity in accordan￿ with the ethical requirements that are relevant to our audrt of the financial
statements in the UK including the FRC'S Ethi(￿1 Standard, and we have fulfilled our other ethical
responsibilities in accordan￿ with these requirements. We believe that the audit evidence we have
obtained is sufficient and appropriate to provid8 a basi5 for our opinion.
Conclusions relating to going concern
In auditing the financial statements. we have concluded that the trustees use of the going concern
basls of accounting in the preparation of the financial statement5 is appropriate.
Based on the work we have perfomed, we have not identified any material un￿rtaintieS relating to
events or conditions tha( individually or collectively, may cast significant doubt on the charity's abilty
to continue as a going concern for a period of at le2St ￿e1ve months from when th8 original financial
statements were authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concern are
described in th8 relevant sections of this reporL
other informatlon
The trustees are responsible fcr the other information. The other information comprises the
information included in the annual report, othér than the financial statements and our auditors report
thereon. OLir opinion on the financial statements does not cover the other information and, ex￿pt to
the extent otherwise explicitly stated in our report, we do not express any form of assurance
conclusion thereon.
Page 6

Gurdwara Siri Guru Singh Sabha
Independent Auditovs Report to the Mernbers of Gurdwara Siri Guru Singh
Sabha (continued)
In 'connection' wth our audit of the financial statements, our responsibility is to read the other
information and, in doing so, consider wh8ther the other information is materially inconsistent with the
financiSI ststements or our knowledge obtained in the audit or otheNise appears to be materially
misstaFed. If we identify such material inconsistencies or apparent material misstatements, we are
required to determine whether there is a material misstatement in the financial statements or a
material misstatement of the othér information. If, based on the work we have performed, we condude
that th
re is a material misststement of this other information, we are required to report that facL
e nothing to report in this regard.
Weh
Matters on which we are required to report by exceptlon
In the
light of our thowledg8 and understanding of the charity and its environment obtained in the
course of the audit. we have not identified material misstatements in the Trustees, Report.
We have nothing to report in respect of the following matters where the Charities (Accounts and
Report) Regulations 2008 requires us to report to you if. in our opinion-.
ad
uate accounting records have not been kept, or returns adequat8 for our audit have not been
reci eived from branches not visited by us", or
the financial statements are not in agreement with the accounting records and returns; or.
in di8cSosures of trustees remuneration specified by law are not made. or
we have not received all the infomation and explanations we require for our audit
nsibiliti88 of trustees
As explained more fully in the Statement of Trustees, Responsibilities (set out on page 5). the trustees
a￿ responsible for the preparation of the financial statements and for being satisfied that they give a
true and fair view, and for such internal control as the trustees detenmine is necessary to enable the
pre'paration of financial statements that are free from mat8rial misstatement. whether due to fraud or
In p￿parIng the financial statements, the truste8s are responsible for assessing the charity's ability to
continue as a going concem, disclosing, as applicable, matters related to going concern and using the
going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease
operations, or have no realistic alternative but to do so.
Auditor Responsiblllties for the audit of the financial statements
Our bbjectives are to obtain reasonable assurance about whether the financial statements as a whole
are free from material misstatement, whether due to fraud or error, and to issue 8n auditoff s report
that
includes our opinion. Reasonable assurance is a high level of assurance. but is not a guarantee
that
an audit conducted in accordan￿ with ISAS (UIQ will always detect a material misstatement
when it exists. Misstatemeflts can arise from fraud or error and are conSide￿d material if, individually
or in the aggregate, they could reasonably be expected to influence the economic decisions of users
takdn on the basis of these financial statements.
The
extént to which our procedures are capable of detecting irregularities, including fraud is detailed
Page 7

Gurdwara Siri Guru Singh Sabha
Independent Auditor's Report to the Members of Gurdwara Siri Guru Singh
Sabha (continued)
Our objectives are to obtain reasonable assuran￿ about whether the financial statements as. a whole
are free from material misstatemen( whether due to fraud or error, and to issue an auditof s report
that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee
audit conducted in. accordan￿ with ISAS (UK) will always detect a material misstatement
when i
exists. Misstatements can arise from fraud or error and are considered material if. individually
or in tlpe aggregate, they could reasonably be expected to influence the economic decisions of users
taken on the basis of these finanGial statements.
I￿gularitieS, including fraud, are instsnces of non£ompliance with laws and regulations. We design
procedures in line with our responsibilits"es, outlined above, to detect matsrial misstatements in respect
of irregularities, including fraud. The extent to which our procedures are capable of detecting
1r￿ularlties, including fraud is detailed below:
We gained an understanding of the legal and regulatory frarnework applicable to the charity and
considered the risks of acts by the charity that are contrary to applicable laws and regulations,
including fraud. We designed audit procedures to respond to the risk. recognising that the risk of not
deteoting a material misstatement due to fraud is higher than the risk of not detecting one resulting
from error, as fraud may involve deliberate conc8alment by, for example, forgery or intentionally
misrepresentations , or through collusion.
We focused on laws and regulations which could give rise to a material effect in the financial
statements cr operations of the charity, including, but not limited to. the Charities Act 2011, Charities
{Accounts and Reports Regulations) and the Charities SORP (FRS 102), data protection and anti-
money laundering. Our tests included agreeing the financial statement disdosures to underlying
supporting documentation and enquiries with management. We also addressed th8 risk of
management override of internal controls, including evaluating whether there was evidence of bias by
the trustees that represented a risk of material misstatement due to fraud.
Owinb to the inherent limitations of an audit, there is an unavoidable risk that some material
misstatements in the financial statements may not be detected, even though the audit is properly
planned and performed in accordance with the ISAS (UIQ. For instan￿. the further removed non-
compSiance is from the events and transactions reflected in the financial statements, the less likely the
auditor is to become aware of it or to recognise the non-compliance.
Page 8

Gurdwara Siri Guru Singh Sabha
IndependentAuditor's Report to the Members of Gurdwara Siri Guru Singh
Sabha (continued)
A fijrther description of our responsibilities is available on the FinanGial Reporting Council's website
2L www.frc.org.ukJauditorsresponsibilities. This description fomis part of our auditorfs report.
Use of our report
This report is made solely to the charity trustees, as a body, in accordance with section 144 of the
Charities Act 2011 and regulations made under section 154 of that Act. Our audit work has been
undertaken so that we might state to the trustees those matters we are réquired to statè to trustees in
an auditors, report and for no other purpose. To the fullest extent permitted by law, we do not accept
or assume responsibility to anyone other than the charity and its trustees as a body, for our audit
work, for this repor( or forthe opinions we have fornied.
Anthony Blueitt (Senior Ststutory Auditor)
For and on behalf of Chuhan & Singh Partnership Limited, Statutory Auditor
81 Borough Road
Middlesbrough
TS13AA
2015
Date...
Page 9

Gurdwara Siri Guru Singh Sabha
Statement of Financial Activities for the Year Ended 31 March 2024
Unrestricted
Total
funds
2024
Note
Incoma and Endowments from:
Donations and legacies
Investment income
336,567
61,059
338,567
61,059
Total income
397,626
397,626
Expendlture on:
Charitable act6vities
(381,010
381,010
381,010
Total expenditure
{381,010)
16,616
Net income
16,616
Net movement in funds
Rèconciliatlon of funds
Total funds brought forward
Total funds carried foward ,
16,616
16,616
3,847,032
3,863,648
Unrestricted
funds
3,847,032
3,863,648
Total
2023
15
Note
Income and Endowments from:
Donations and legacies
Investrnent income
386.477
50.459
386.477
50.459
Total income
436,936
436,936
Expenditure on:
Charitable activities
380.434)
(380 434
Total expenditure
Gainsllosses on investment assets
Net income
(380,434)
175,000
(380,434)
175,000
231,502
231,502
Net movement in funds
Reconciliatlon of funds
Total funds brought forward
Total funds carried forward
All of the charity's activities derive from continuing operations during the above periods.
The funds bréakdown for 2023 is shown in note 15.
231,502
231,502
3,615,530
3,847,032
3,615,530
3,847,032
15
The notes on pages 12 to 21 form an in￿ra1 part of these financial statements.
Page 10

Gurdwara Siri Guru Singh Sabha
(Registration number: 1053275)
Balance Sheet as at 31 March 2024
2024
2023
Note
Fixed assets
Tangible assets
Investments
2,789,124
1,550,000
4,339,124
2,851,473
1,550,000
4,401,473
10
Current assets
Debtors
Cash at bank and in hand
25,242
110,510
135,752
12
171,716
171,716
Creditors: Amounts falling due within one year
Net current assets
Total assets less current liabilities
Creditors: Amounts falling due after more than one year 14
Net assets
13
{88,022
83,694
(97,300}
38,452
4,422,818
(559,266}
3,863,552
4,439,925
592,893
3,847,032
Funds of the charity:
Unrestricted income funds
Unrestricted funds
3,863,552
3,863,552
3,847,032
3,847,032
Total funds
ncial statements on pages 10 to 21 were approved by the trustees, and authorised for issue
15
The fin
Mr A Singh Ladhar
Trustee
The notes on pages 12 to 21 form an integral part of these financial statements.
Page 11

Gurdwara Siri Guru Singh Sabha
Notes to the Financial Statements for the Year Ended 31 March 2024
1 Accounting policies
General information
The charity is a public benefit entty and a ￿gIStered charity in England and Wales and is
unincorporated. The address of the principal office is Gurdwara Siri Guru Singh Sabha, Cottenham
Street, Newcastle Upon Tyne, Tyne & Wear, NE4 5QU.
Statement of compllance
These financial statements have been prepared in Complian￿ with FRS 102, 'The Financial
Reporting Standard applicable in the UK and the Republic of Ireland,, the Statement of
Recommended Practi￿ applicable to charities preparing their accounts in accordance wth the
Financial Reporting Standard applicable IN the UK and Republic of Ireland (FRS 102) (Charities
SORP (FRS 102)) and the Charities Act 2011.
Basis of preparatlon
Th8 financial statements have been prepared on the historical cost basis, as modified by the
revaluation of certain financial assets and liabilities and investment properties rneasured at fair value
through income or expenditure.
The financial stat8ments a￿ prepared in sterling, whiGM is the function81 currency of the entty.
Golng concern
The trustees consider that th8re are no material un￿rtaintieS about the charity's ability to continue as
a going concem.
Page 12

Gurdwara Siri Guru Singh Sabha
Notes to the Financial Statements for the Year Ended 31 March 2024
(continued)
Judgements and key sources of estlmation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and
assumptions that affect the amounts reported. These estimates and judgements are continua51y
reviewed and are based on. experience and other factors, including expectations of future events that
are believed to be reasonable under the cirCumstan￿s.
Incoming resources
All income is included in the ststement of financi81 aGtivithes when the charity is entitled to the income,
any perf0rrnan￿ related conditions attached have been met or are fully within the control of the
charity,. the income is considered probable and the amount can be quantified with reasonable
accuracy. The following specific policies are applied to particular cat￿one$ of income..
Donab"ons and legacy income is received by way of donations, legacies, grants and gifts and is
included in full in the Statement of Financial Activities when receivable. Where legaGies have been
notified to the charity but the criteria for income recognition have not been rnet, the legacy is treated
as a contingent asset and disclosed if material. Grants, wher8 entitlement is not conditional on the
de15very of a specific performance by the charity. a￿ recognised when the charity becomes
uncondition.ally enb"tl8d to the grant.
Donated services and facilities are included at the value to the charity, being the amount the charity
would have been willing to pay to obtain services or facilitres of equivalent economic benefit on the
open Market.
Investment income is included when receivabl8.
Expenditure
Expenditure is recognised on an accruals basis as a liabilty is incurred. Expenditure includes any
VAT which cannot be fully recov8red, and is reported as part of the expenditure to which it relates:
Costs of raising funds comprÈse the costs associatsd wifh attracting donations, grants and legacies
and the costs of trading for fundraising purposes.
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities
and services for its beneficiaries. It includes both cost5 that can be allocated directly to such activities
and those costs of an indirect nature ne￿SSary to support them.
Other expenditure includes. all expendtture that is neither related to raising funds for the charity nor
part of ts expenditure on charitable activities.
All costs are allocated belween the expenditure categories of the SOFA on a basis designéd to reflect
the use of the resource. Costs relating to a particular activity are allocated directly. others are
apportioned on an appropriate basis, as set out in the notes to the accounts.
Page 13

Gurdwara Siri Guru Singh Sabha
Notes to the Financial Ststernents for the Year Ended 31 March 2024
(continued)
Tangible flxed a88ets
Tangible assets are initially recorded at cost, and subsequently ststed at cost less any accumulated
depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at
the fair value at the date of revaluation less any subsequent accumulated depreciation and
subsequent accumulated impairment losses.
An inGrease in the carrying amount of an asset as a result of a revaluation, is recognised in other
recognised gains and losses, unless it reverses a charge for impairment that has p￿vIOuSlY been
recognised as expenditure within the statement of financial acttvities. A decrease in the carrying
amount of an asset as a result of r8valuation, is recognised in other recognised gains and losses,
except'to which it offsets any previous revaluation gain, in which case the loss is shown within other
recognisad gains and losses on the statement of financial activities.
Depreciation and amortisation
Depreciation is calculated so as to write off the cost or valuation of an ass8t, less its residual value.
over the. useful economic life of that asset as follows:
Asset class
Land and buildings
Fixtures and fittings
Motor vehicles
Equipment
Depreciation method and rats
2 1 straight line
20 % straight line
200/0 straight line
150￿ reducing balance
Impaimient of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable
amount being estimated wher8 such indicators exist. Where the carrying value 8xceeds the
recoverable amount. the asset is impaired accordingly. Prior impairnients are also reviewed for
possible reversal at each reporting date.
Fcr the purposes of impairment testing, when it 15 not possible to estimate the recoverable amount of
an individual asset, an estimats is made of the recoverable amount of the cash- generating unit to
which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that
includ85 the asset and generates cash inflows that largely independent of the cash inflows from other
assets or groups of assets.
For impairment testing of goodwill, the goodwill acquI￿d in a business combination is, from the
acquisition date, allocated to each of the cash%enerating units that are expected to benefit from the
synergies of the combination, irrespective of whether other assets or 5iabilities of the charity are
assigned to those units.
Page 14

Gurdwara Siri Guru Singh Sabha
Notes to the Financial Statements for the Year Ended 31 March 2024
(continued)
Investment proporties
The only investments held by the charity are investment properties.
Investment properties have been valued at open market value by Mr Jagtar Singh (President) who
ho5ds no relevant professional qualification. Mr Singh is not employed by the charity. This valuation is
based on his knowledge Df similar properties in the local area, The trustees are in agreement with the
valuation.
Trade dobtors
Trade debtors are amounts dua from customers for merGhandise sold or sèrvices performed in the
ordinary course of business:
Trade debtors are recognised initialty at the transaction price. They are subsequently measured at
amortised cost using the effective interest method. less provision for irnpairment. A provision for the
impairment of trade debtors is established when there is objective evidence that the charity will not be
abl8 to collect all amounts due according to the original temis of the re￿1vableS.
Trade creditors
are obligations to pay for goods or servi￿$ that have been acquired in the ordinary course of
business from suppliers. Accounts payable are classified as current liabilities if the does not have an
unconditional righ( at the end of the reporting period, to defer settlement of the creditor for at least
elve months after the reporting date. If there is an unconditional right to defer settlement for at least
elve months after the reporting date. they are presented as non-current liabilities.
are r8cognised initially at the transaction pThc8 and subsequently measured at amortised cost using
the effective interest method.
Fund accountlng
Unrestricted funds are available for use at the discretion of the trustees in furttteran￿ of the purposes
of the charity. Unrestricted funds include 2 revaluation reserve representing the restatement of
investment ass8ts at market values.
Designated funds are unrestricted funds earmarked by the trustees for specific purposes. Restricted
funds are subjected to restrictions on their expenditure imposed by the donor.
Page 15

Gurdwara Siri Guru Singh Sabha
Notes to the Financial Statements for the Year Ended 31 March 2024
(continued)
2 Income from donatlons and legacies
Unrestricted
funds
General
Total
funds
Donations and legacies.,
Donations from individuals
336,567
336,567
336,587
336,567
386,477
Total for 2024
Total for 2023
386,477
3 Investment income
Unrestricted
funds
General
Total
funds
Income from rents
61,059
61,059
61,059
61,059
Total for 2024
50,459
50,459
Total for 2023
4 Expenditure on charitable activities
Unrestricted
funds
General
Totsi
funds
Not8
Governan￿ costs
Total for 2023
8,655
6,795
8,655
6.795
Total
expenditure
Page 16

Gurdwara Siri Guru Singh Sabha
Notes to the Financial Statements for the Year Ended 31 March 2024
{continued)
5 Analysis of govemance and support costs
Governance costs
Unrestricted
funds
General
Total
funds
Audit fees
Audit of the financial statements
Other fees paid to auditors
Total for 2024
.3,000
5.655
8,655
3,000
5,655
8,655
6,795
6,795
Total for 2023
6 Net incomingloutgoing resources
Net incoming resources forthe year include:
2024
2023
3,000
2,500
Audit fees
7 Trustees remuneration and expenses
No trustees, nor any persons connected with them, have re￿iVed any remuneration from the charity
during the year.
8 Staff costs
The average number of persons employed by the charity during the year was 7 (2023.7)
No employ* received emoluments of more than £60,000 during the year
Page 17

Gurdwara Siri Guru Singh Sabha
Notes to the Financial Statsments for the Year Ended 31 March 2024
(continued)
9 Tangible fixed assets
Land and
buildings
Furniture and
equipment
Computer
equipment
Total
Cost
At 1 April 2023
Additions
3,510.254
151.974
11,102
28,995 3,691,223
11,102
At 31 March 2024
3,510,254
163,076
28,995 2,702,325
Depreciation
At 1 April 2023
Charge for the year
At 31 March 2024
681,308
67,651
143,121
3,749
15,321
2,051
83g,750
73,451
17,372
913,201
748,959
146,870
Net book value
At 31 March 2024
2,761,295
2.828,946
16.206
11,623 2,789,124
13,674 2,851473
At 31 March 2023
8,853
10 Investment prop8rties
2024
2023
1,550,OOD
1,550,000
Investment properties
Investm8nt properties
Investment
propertles
Cost or Valuation
At 1 April 2023
At 31 March 2024
1,550,000
1,550,000
Net book value
At 31 March 2024
At 31 March 2023
1.550,000
1,550,000
All investments shown above are held at valuation.
Investment propertiés have been valued at open market value by Mr Jagtsr Singh (President) who
holds no relevant professional quaSification. Mr Singh is not employed by the charity. This valuation is
based on his knowledge of similar properties in the local area. The trustees are in agreement with this
valuation.
Page 18

Gurdwara Siri Guru Singh Sabha
Notss to the Financial Statemonts for the Year Endgd 31 March 2024
(continued)
11 Debtors
2024
2023
25,242
Other debtors
12 Cash and cash equivalents
2024
2023
Cash on hand
Cash at bank
5,670
166,046
171,716
110,510
110,510
13 Creditors: amounts falling due within one y8ar
2024
2023
36,891
40,155
6,420
45.000
Bank loans
Trade creditors
other creditors
Accruals
45.001
6,130
88,022
97,300
Bank loans due within one y8ar and more than one year are secured on the freehold property of the
charity.
Page 19

Gurdwara Siri Guru Singh Sabha
Notes to the Financial Statements for the Year Ended 31 March 2024
(continued)
14 Credltors" amounts falling due after one year
2024
2023
559,266
592,893
Bank loans
15 Funds
Balance at 1
April 2023
Incoming
resourcos
Resources
expended
Balance at 31
March 2024
Unrestricted funds
3,863,648
General
3,847,032
397,626
{381,010
Balance at
1 April
2022
other
Balance at
Resources r8cognised 31 March
expended gainsl{losses)
2023
Incoming
resources
Unrestricted funds
175.000
3,847,032
General
3,615,530
426.936
(380,434
16 Analysis of net assets between funds
Unrestricted
funds
G8neral
Total funds
at 31 March
2024
Tangible r￿ed assets
Fixed asset investments
Current assets
Current liabilities
Credttors over 1 year
Total net assets
2,789,124
1,550,OOD
171,716
(88,022)
(559,266)
3,863,552
2,789,124
1,550,000
171,716
(88,022)
559,266
3.863,552
Page 20

Gurdwara Siri Guru Singh Sabha
Notss to the Financial Statements for the Year Ended 31 March 2024
(continued)
Unrestricted
funds
General
Total funds
at 31 March
2023
Tangible fixed assets
Fixed asset investments
Current assets
Current liabilities
Creditors over 1 year
2.851,473
1,550,000
135,752
(97,300)
592,893
3,847.032
2,851,473
1,550,000
135,752
(97,300)
592,893
Total net assets
3,847.032
17 Related party transactiong
During the year the charity made the following related party transactions:
Included in other creditors due within one year is £￿,000 {2023: £45,000) which are personal loans
from members of the congregation. These loans are unsecured, interest free and repayable on
demand.
Page 21

Gurdwara Siri Guru Singh Sabha
Statement of Financial Activities by fund for the Year Ended 31 March 2024
Total
Total
Unrestricted Unre8trictad
Funds
Funds
2024
2023
Income and Endowments from:
Donations and legacies
Investrnent income
336,567
61,059
386,477
50,459
397,626
436,936
Totsl income
Expenditure on:
Charitable activities
Totsl expenditure
Gainsllosses on inv8Strnent assets
Net income
(381,010
(380,434
(381,010) (380,434)
175.000
16,616
16,616
231,502
Net movement in funds
Reconciliation of funds
Total funds brought forward
Totsl funds carried forward
231,502
3,847,032 3.615,530
3,863.648
3,847,D32
This page does not fomi part of the statutory financial statements.
Page 22

Gurdwara Siri Guru Singh Sabha
Detailed Statemant of Financial Activities for the Year Ended 31 March 2024
Total
Total
2024
2023
Income and Endowments from:
Donations and legacies (analysed below)
Investment income (analysed below)
Total income
336,567
61,059
386,477
50,459
436,936
397,626
Expendlture on:
Charitable activities (analysed below)
Total expenditure
Gainsllosses on investment assets (analysed below)
(381,010
(381,010)
380,434)
(380,434)
175,000
18,816
16,616
231.502
Net income
Net movement in funds
Reconciliation of funds
Total funds brought folward
Total funds carried forward
231,502
3,847,032
3,853,648
3,615,530
3,847,032
This pagè does not fomi part of the statutory financial statements.
Page 23

Gurdwara Siri Guru Singh Sabha
Detailed Statement of Financial Activities for the Year Ended 31 March 2024
(continued)
Total
2024
Total
2023
Don8tlons and legacies
Donations
Gift Aid tsx reclaimed
336,567
361,238
25,239
336,567
386,477
Investment inGome
Rents received
Other interest received
61,059
50,436
23
61,059
50,459
Charitsble activiti85
Wages and Salaries
Staff pensions
Rates & water
Ligh( heat and power
Insurance
Repairs and maintenance
Telephone and fax
Other expenses
Charitable donations
Consumables
Other establishment
Motor expenses
Legal and professional fees
Loan interest
Depreciation of other tangible
(Profrt)/loss on sale of tangible fixed assets held for charlty's own
use
(75,332)
{81,600)
(614)
(12,957)
(47,280)
(13,448)
(45,685)
(1,712)
(7,787)
(14,445)
(1,278)
(6,875)
(2,958}
(24,522)
(33,636)
(79,212}
(13,044)
(51,650)
(14,117)
(21,830)
(1,965)
(20,642)
(23,755}
(10,4041
(5,368)
(1,311)
(10,8141
{48,6691
(73,453)
350
(4,2g5>
(2,500)
380,434
Accountancy fees
The audit of the charitys annual accounts
(5,655)
3,000)
381,010
GainsAosses on investment assets
(Gain)Iloss in market value of investment properbes
175,000
This page d￿S not fonn part of the statutory financial statements.
Page 24