Charlty re8L%trAtlrfJty 1058482 GURU NANAK GLRDWARA BEDFORD ANNUAL REPORI. AND TrIINANCIAL STATEMENTS FOR THE YEAR EYDED 31 MARCH 2024
GURU NANAKGIIRDWARA BEDFORD A.NNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2024 CONTENrs Trustees, report Statemertoftt. wil)ili Independent &uditor's repon StaL¢mcnt of financial octiviti 10 Balance 5h¢et Statement of ¢ash flows 12 Notes to the finathcial ststements 13-20
GifRU NANAK GURDWARA BEDFORD ADINUAL REPORI. Tr OR I'HE YE.4K ENDED JI L%IARCH 2024 Nam¢ ofCh*rlty: Gurn Na¥)ak Gwdwarn Bcdford Registered Charity No: 1058482 GovtrnIn2 Documet.. Constitution (last atnended (kn112r20191 Addres5: 84 Ford End RO Qen8 Pth. Bedford. MK404JX Tru8tee8: The following perso% served as Members of the Ex¢cuiive Commit(ee of the Gurdwara: (mageMe[l[ Trustees) B8fraj Singtl Rai Nirmal Singh Jos8n Surinder Singh Thandi Dalvir S>ngh Pancsar Hardeep Singh Rupgl Sukhp81 Singh Gill Am8]iil Sirt8h Josan Sukhd¢v SiTh8h Rupal jWilr SiTh8h Dhillo President V. President V. Pregideni G. S¢crelary Assistant General SttTCtary Treasurer Assisiani TreasUr Assist&ni Trtsgurer R¢gi$trar & S¢hwl Visii Co- OrdinAior Weddin8 Co4)rdinatOT Health & Safety oificer Ki¢chcn Scwadar L¢ad KIbeD Scwadllr ljuilding & Maintena L¢ad Building & Maintenance Offjcer Comniiltee Member Cotwni¢t¢e Mcmb¢r Commiltee Member Committee Member Committee Member 10. Jasvinder Sin8h Nandha I l. Satinder SiJJ8h S8n8ba 12. Gwiit Kaur Josan 13. Mohinder Kaur 14. Rajwindcr Singh Sekhon Amrik Singh 16. Kulbir Sin8h 17. Otthar SitL8h Bhan8al 18. Ajaib Sin8h Garcha 19. P8rn)jit Sin8h Gill Sattkh Singh Shergill In addition io the iknve, the follownB members act as spccial custodian Trustces of the Gurdwar4 will take over if the Execlltive Committee is thssolved.. Major Singh Dayal Makhan Sin8h Chandi Nthttar Judge
GURU NANAK C.EIRDW.4R.4 BEDFORD NNLAL REPORT FOR THE YE.4R ETr4DED 31 MARCH 2024 B*nk¢r$-. Lloyds TSB 34 Iligh StT¢eL Bedford MK40 ISB Soll¢itorJ: Paul A Hillier Ov8J Lsw 29Church Et Biddenham Bcilford MK40 4AR Ae¢ount4nlS: HaIlbrk¢S{A¢¢on¢y)LImld 14 Elstow RoAd Bedford MK429LA Audltors.. BK Plus Audit Limited 29 W21tt100 Ro wolverh1plott West Midlonds WVI 4DJ PrlnclpAI Addre. 84 Ford End R¢) Queens Park Bedford MK40 4JX
GURU NANAK GLIRDWARA BV.DFORD NUAL REPORT FOR TIIE YE.4R ENDED 31 MARCH 2024 Structllre Goverth#ttte Thd Mxha The charity i5 an unincorporaied orga]u5auon. It is governed by the regu]ations set out in its con5titutian. New Board members are elected every two year5 at the Annual General Meeting IAGM). 7lie AGM is held annually in JunelJuly. The cortgiitutson was last amended OJ) 06/1019. Th¢ Hthninistration and nwn&gemeni of the GurdwAro is in the of an Execuiive Committce IManagem¢nr Tste¢S) of 30 mcmber5 (inCIling ¢o-OPted ni¢mb¢rsl, The 4 custodian members are not ¢lccted every 2 years bui arc life scrving members. The ttijsiees meet at least 12 linies a year. The membership of the Gurdwara will be subject to the approv81 of the Executive Committee Tte£S. The mana8ementbo%rd isaware of the ]m)n(la[ risksto thechlrity, irtcludin8 financial risks, and has implcmcnted Strlllcgies to control or rrjinimise thcse risks. AssessuKnts bav¢ been undcrthkcn of the JTLaJor risks govcTJJJn¢¢ and compliance law and Tegulations. Ob e£tlves god Acd%ltltJ for tht Publlt Benefit The Gurdwara has been in cxislence ever since 19(4J a5 a Place of Worship for thc Sikh Community. at 72 Ford End Road, Bedford. A few years ago. the previo% &xi*l Centre ai 84 Ford End R08d. w&$ purchased Freehold and has now been convcrLed inio a modern Gurdwara for worshipcrs. Th¢ rtew GurdwaTa and Community C¢ntsY wa$ ¢ory)pl¢d in 2007108 on $it¢ {84 Ford End Ro&dl. Th¢ GuT(Iwara started providing religious scNccs from April 2(K)7 and the Communrty Ccntrc was opened in Jonuary 2008 for u4c by Ihc Community foruocial and rcligiou5 functions. The Sik has [W beeomc the focal cenll'e wliere Sikhs & Non-sikhs get iogether lo celebrate religious fictIo[L$ arkl discu56 mulii-faith IlieS. ObJe¢t$.. The obj¢¢ts of ihc Gurdw•rA ICh4ri¢y) thre ¢0 4dv#nffj p¢rnii¢ Ind prop48)¢e the Sikh religion in Bedford arld suFrounding arcas la Placc of Worship). by ¢¢l¢bTStin8the prin¢ipal Skkh Reli810 F¢$iivAIs.. by extending a weJ¢ome toall Sikh5 newly arrived in ur Vibiiin Bedford. and to manage the Gurthwara in •c¢ordth¢¢ with Sikh tcne¢s and locttl governmeni rules and Tcgula¢ion5. Th¢ ¢hgrity's In]st¢es hkve T¢gatd¢d that th¢ s¢rvi¢¢s do bon¢fit ihe publi¢. All the rhBritsbl¢ i¢tiviti¢$ focus on the advancement of the Sikh rcligton. ¢ounsclling advice and infonnation to the community.
GURU N,'AK GURDII'ARA BEDFORD NUAL REPORT FOR THE YE,IR EliDED 31111312024 Athievements and Perfomante A rm 2023-March 2024 During th¢ yeor th¢ Gurdwara hadTnany xhicvem¢nts: l. Over the lasi twelve Juonth& worshipT Attcudancc hH5 ill¢5¢d. 2. Amrit Sancharlsikh Baptism) cerunonyw&% Caled out fortheconqecutive yeArdurin8 Vaisakhi celebrations. 3. GrcatCT variety of FmgraM SaTOWm by VaTiOUS jOtdd)mdiyan. 4. Continuation of Maths. EngJi5h Bnd Science tiO[4 Boxing club aDd Kinan classes to encourdge younger members of the commuruty lo attend the Gurdwara. S. Improvemcn¢s with the use of chl0 such as the d8ily Hukarn Sahib displayed otl a TV 5ereen. Future Plans l. Crea¢e four new Panjabi school clAsm8 i new Pri¢be41r<)m. 2. upade lightin8 in new D8rb3r S8hib aNle4r pw LO tED, whidj will tyduce elearieity w8a8e In*nelal Re¢ The ¢h&rithble or8Anis&tion8¢rvic¢s ma¢nly reliattt on volutlty in¢fjme from th¢ t¢SAOn. A summary statement of the financial acliwlies forthe year is shown on page 10 of the &ccowits. Thi8 shows that durinB the y¢ar the total iDfOTDe of £344,445 w85 rettived and Rft¢T¢xp¢n5es a ll¢L$uryIu5 of £159,941 WLS Added to TC5erve5. During the ycar Guru Nak Gurdwlrn aLw rcccivcd Gift Aid tax rtjief of £66,175 lincludcd in the total income mentioned 8bovel. Thc GurdwuH'5 ¢iJrrertt reserve5 WTrli¢y 15 simply io rnAintsin sufficicjrt cash flow for knowtt mmitmcnts and running costs for the next 6 month5. Th¢ trle¢S hav¢ foreca the level of freerescrves {bRnk and rescrvesl as being £498.984 wlu'ch is all in Ihc forn of unren¢t¢d futlds. The tnvesimeni wlicy hAS bttn (o choose the best deposti account available from the Gurdwar8's exisiing and other bonkern.
GURU NLNAK GURDWAIL4 BEDFORD AYNUAL REPORT FOR THF. YF..IR F.NDED 3110312024 St&tement of Tru5ees' Re5 onsibititi¢s The trusttes are responsible for preparitt8 the Trustees. Report and the financi statements in accordance with applicable law and United Kingdom Accounting Stsndards. The trlet$ att required by law 10 prepare accu]nts for each financial ye4r. which give a trne and fair wew of the financial activities of the chgrity and its fula1 psiti0O at the eod of that year. tn preparing thtse fiDancial statements, the ¢¢¢$ are requird io.. - sele¢1 $uit8ble at¢ountLII8 JM)li¢ies and then appty them consistentty: - obsettve the methots and principles in th¢ Ctharities Sol. - make judgments a1 estimates that are re15tsnable w)d prtht; stak whether ac£ourttin8 Standard8 and ststement of recommcnded prncticr bave b¢¢n f¢llowed subjec¢10 oily Init¢r1 dcpartures disclosed and explained in the aceoullts: . prep8r¢ th¢ firtAncial statements 00 tbe 80in8concernb8sis unless it is inappmpriatr to presume thai thc hari¢y will eon¢irtue in Openlion. The twstees are respottqible for keepin8 proper accounting record5 that di5c105e with rcasonible 8¢¢ur8¢y at atty time Ihe financial position of C[¢Y and 10 enable them u) ensure that fmancial statemcllts ¢OIT)ply wilh the Chariiie$ A¢1 2011. the applitable Charities IAccounts and RerA)rtsl Regulauons. They arc a150 rc5po>nsible for Safeguarding the assets of thc chari¢y and here for i•kin8 re{b]e sieps for the prevention and detection of fraud and other iffe8uJoritLe4. ccountants l Audltor M¢s¥rs. Hailbrook¢s IAccounton¢yl Lllnii¢d are 1118 to continue LD office as Accountants and BK Plus Audit Ltd as Auditors for the ensuinA yw 202412025. Approval This report was approvcdby thc tru5¢tts on I I tkcanbtr2024 •NI on th¢ir behalf. Balraj Singh RBI Dajvir Sin8h Pa]Je50r Oesid¢ntl {General Secretary)
GURL NANAK GLRDWAILA BEDFORD INDEPENUEY'I. AIIDJTC)R'S RF.PORT TO THE TRLISTIE.S UTr GURII NA.NAK GLIRDAWARA BEDFORD FOR-I'HF. YF.AR F.NDE.D31 MARCH 2024 Oplnion We bive audil¢d th¢ fillancl 51atements of GUDJ N8[k Gurdwar8 (Bedfordl for Ihe year ended 31st March 2024 which amprise Ihe statement of financial activities. the balance sheeL cashflow statement and the rleS lo the financial stalemenls, ineludill8 Si8nifi¢ant a¢¢owiling Wblicics. Thc financial reporting fr8mework that lias becn aJ¥)Iied in their preparatiort is applicabl¢ law and United Kingdom Accouniing Stsndards. including Finsllcial Repojling StsttdArd 102 The Financial Reporting Standard applieablc in the UK and Republic of Ireland (United Kin8doTn Generally A¢r¢pt¢d Accounting Praclicel. In our opirtion th¢ fitwi¢io1 atern¢ts.. give a Inje and fair view of the slate of the charity's affairs ts at 3 1st March 2024 and of its incoming resources and spplicatiort of rtsour¢¢s, for the yeaT then ended. have been properly pr¢par¢d in a¢¢ordK¢ with Unite4 Kingthmn Getlcrally Acccpted Accowjting Practice and hav¢ bccu PTcparcd in accordance with the requiremejts of the Chariiies A¢1 2011 B•s1s for oplnio We conducted our audit in accordance with It)tern81 standard$ on Atsdiling (UK) ISA$ (UK) and applicablc law. Our responsibilities undcr Ihose sland2rd are further described in the Alitor'S r¢snSibilItIeS for thc audit of the financial statements section of our r¢wTrrt. W¢ are indcpKnd¢nt of thc charity in accordancc with the ethic81 requirements that are relevartl to our audit of thc financial 51attyncnts in the UK. including the FRC'S Eihi¢aS Stand8rd% and we hsvc fulfilled our othcr cthical responsibilii¢es in accordance with these requiremethi$. We believe that the oudit evideii¢e we have obtained is 5u(fJcient and 8ppropriate LQ provtde 8 b¥i8 for ouropirtion. Other Matters Without qualifyin8 our opinion, we draw &¢t¢ntiOO to th¢ a¢ts)untin8 policies on page 13 to the financial staternents and the fA¢i thai the Informauon in the accounts w88 unaudlted as ih¢ ¢ompAny eth11¢d to exempdon from audit. Conclujlon relAtln% to %olnE cott¢trtt In auditing the linancial slalcillenis, Ive have concluded the te5. w of the 80in8 concern b&%i$ of accounting in th¢ prcparaiion of dic financial St8Ments is appropriate. Fla5ed on thc work wc have perfonncd. wc h8ve not identified any msteri31 uncettsinties re12ting to event$ or ¢ondition5 thai ItLdividu8lly or colle¢iively tnay e4$1 signifiurtt dobI on the charity's ability lo conlinuc Is a going concern for a period of at least twelve mothth$ from when the firtwiil sta¢uncnts arc authoriscd for is5UC. Our r£sponsibilities And the resp)rtsibilitiC5 of the Tn with respect to going concern are descriFxd in the relevant 5ection5 of thi5 report. Other Informatlon The other irtformation comprise5 thc inforn?atiixJ tThcluded in thea11 rertOther than the fill2121 Stements and our auditors trport th¢reon. The Tru51ces arc Tes[lUS1b]e for the other inforniaiioll contsined within the annual rerxjrt. Our opinion on the fLtWhCt&l ststetnents does nDt cover the other infortnation and do not exprcss any form arur&te cottclusion Ihereon. Our responsibility 15 to read thc otlicr infonnation and, in doing SO, Collsider whethcr the other itsfomLRtioll is JllateTially inco4]Ste0t witb the fiuaDcial statements or our knowlcdgc obtained tn the course of the audit, or othetwisc app¢ar5 to b¢ materially mi5Stat¢d. If we identify such matei'ial inconsi51encic5 or appareDt material misslatcmellts, we are required lo determitte whether this gives rise to a rnaterial Ini5Statement in th¢ financial ststements thcmsclv¢s. If. bas¢d on the work we h8ve perfotmed, we conclude tliat thei'¢ 15 material mi&8talement oftkn"s other inf0rnti0 we are reqllired to rew)rt thAt fthcL We have llothittg to rwrt ID this regar
GURU NLYAK GURDWARA BEDFORD ITr¥T)EPETrEry ALDITOR'S REPORT COITThLED TO THE TRLTSTEES OF GLTRU NMAK GLTRDAlARA BEDFORD FOR THE YEAR ENDED 31 MARCH 2024 MAtters on which we are r ulred to re e¥¢ tio Wt have noihing 10 report in respeci of Ihe following mailers In relation to which the CharÉtics {Accounts and Report51 Reguialiun 21x18 TequJTe kLS i¢wbrt to you if, ID W J10th.. the ittforniaiion given in the fuwiciai sthtements is incoDsistent io any DUteTiaJ rasrttt with the trustees, rcpJrt' or sufficient a¢counting T¢COTd8 have lloti kepu or the finHncial Are DOI irt Agreemenl with the a¢¢owitirtg rd$ and rthJnJs: or we have not reccivcd all the iDfonnBtiorb and explanathOll5 we require for our audiL Respon51bllitles of I'ru51tes As explained more fully in ihe sialement of tnjstees tesponsibiliiie& the Trusteey are responsible for the preparation of Ihe financial siatemenis and for bein8 S811sfitd thai they 8ive a true and fair view, and for such internal control as the Trusiecs d¢l¢rmine is ne¢wary toerthble the prepjrntson of finth¢i85 $tst¢m¢n(s tbit8r¢ fr¢¢ fromm2oriAI MISSteMen(S whcthcr duc lo fraud OT crror. ITh Prcparing the fIrn¢lai Statements the trus¢e¢s arc Tesponsible foros$¢ssiog the ¢h81ity's ability to conlinuc a going Cor¢m. disclosing as applicablc mattus rcknted to going concun and using the going concern basis of accountin8 unless the Tnjstees either innd 10 ceaseoperations, or have no realisiic altcrnativc bul to do Auditors responslbllliles for the audlt of the finiDcl41 staterneDts We have been appoinied as auditor under se¢iion 144 0(the Charitie4 Act 20114nd rcwl in aecordanct with the Act and relcvani re8ulations mide or havin8 effttt thereurtder. Our objectives are to obtain rtasonable TanCe abryjt whetherth¢ financial slatemctlts 45 a whole are frce from matcrial mL8Stalemenl. whether due to fr8ud or error. and w issue an auditor'5 report ¢ha¢ includcs our opinion. Reasonable
s$urrtn¢¢ is a high l¢v¢l of xssuranr¢ but is not a gua]XOl¢¢ that art audii eonducled in accoldance with ISAS {UKI will
always delecl a material rni5s¢ament when it exists. Misstalemcnts arisc from fTaud oi. error and 4r¢ ¢oD5id¢trd matcri81 if. individually or in the a8gTegate. they could reasonably bc cxpcctcd w influencc ihe economic d¢ci5ions of users taken on the basis of these fin8n¢ta] statements. IrrcgulaiitiC5, including fraud, ore inslanc of noncompliance with laws and rtgulations. We desi8n procedures Ln line with our re8ponsibilities. ouililled abovc, to dc¢ect mutcrial misstatcmcnts in Tcl of irr¢gulllriti¢s, Includi fr&ud. The extent lo which our procedures are capable of detIng irregularitles. including fra], 15 detrcted below. From the pr¢limtn2ry of the Audii w¢etwre ourw)d¢r8(andin8of theeniiiy isuplo date. This include&, butis not limited to, currclll kDowledgc of Ibeir actÉvitLU, the busine&s atHi control eDViTonmcnW and their¢i>Jnplignce with thc Rppli¢&ble legal and regulatory fr2meworks. This Infornli0Tr sup]S our risk identifall0 ar)d the subsequent dcsign of gudit procedure$ 10 mitl8a those risks. ensllrin8 tha( the audi( ev1dete otrrtained is sufficieni and appropriaie lo support our opinioll.
GURU NANAK GURDWARA BEDFORD INDEPENDENf.4UDITOR'S REPORT CONTINUED TO TIIE TRUSTEES OF GL'RU NANAK GLRDAWARA BEDFORD FOR THE YEAR ENDED 31 MARCH 2024 In rcspon5e the ri5k5 ldeThtifd. specific to this entity. we dcs1 prLKedurcs which included, bu¢ weT¢ not limited to.. Enquiry of ]nana8ttnent and those chaiged with 8oveTnance Around aetuAI and poteniis] liligstioll And claims,. Reviewing minutes of Tneetsngs of those charg¢ with governance. if available,. Reviewing financial siataneni disc105uras and tesiing ro supporting documentation to assess coinpliance with appljable laws attd regulations. Audiiinu the risk of tnanagernent override of control4 iutludiThg through ttsttng journal entries and other adjustmcnts for appropTiatcnes4 and cvaluation the bu5incss rationale for Significant transactions outside the norni81 course of business. A tiirther description of our responsibiliiies is available on the Financial Reportin8 Coun¢il$ website at hit s'.Ilwww.frc.OT .uklaudi rc This descriptson forn)s part of our auditor's report. Other mstiers Yor aittTirioii is drawn 10 the fa¢t t11 the chariry lias wep8r¢d firtancial $weme*Ls in 2ccordan¢¢ with"Attounting 2nd Rcpurting by Lharities.. Stsiemerti 0fRecotmended Praeiice Applicable in the UK an Republic of Ireland IFRS1021"{8s amcndcdl in prefcrcnce lo the Accounting and Reporting by ChaTilics.. Stotcrncnt of Rc¢ornmendcd Prociicc issucd on I April 2005 which L5 refted in the exlant regulA¢ion5 bui ha5 Eeen withdrawil. This has bccn donc in ordcr for thc rjnancial ststcments to prnvide a true and fair view in accordancc with current Gtnerally Accepted AccountLI)8 PractLCe. Use of (kur report 'Fhi% rcport 18 Inadc solely to tbc company's membcr5. as a body. in accordance with 5CCtion 391 of the Companies Act 2014. Our Audit work ha5 been undertaken so thai we mi8hi Sla to the compY'S members those mAtter¥ we are quired lo $taie 10 them in ao aditor'S Te1 and for no other purpose. To (he 11¢$( extent pemiitted by IAW, we do not accept OT a55ume rcsponsibilily to anyone other than the c¢Jmpany and the company's rnembBTS U B body. for our audit work, for this repor4 or for the opinions we have fonned. Andrew Willisms FCCA Senior Statutory Auditor for attd oll ixhalf of BK PIL8 Alldit Limiied 29 Wat¢rloo Road Wolverhampton West Midlands WVI 4DJ DRte'. 23Td December 2024 BK Plus Alidii Lkmsied is eliwble for app01nent a5 an auditor of tbe charity by virtue of its cligibility for appointMt as auditor of a comp&ny under section 1212 of the Comp8llies Aet 2006.
GURL NANAK GURDWAIL4 BEDFORD STATF.MF,NT OF FINANCIAL ACTtVITJES FOR THE YEAR ENDED 31 MARCH 2024 INCOME AND EXPENDITURE UNAUDITED Totxl Fund5 Total Funds 2023 Funds Funds Notes Income Donations and LLgacies ItLeOtlle from etLIable activitics Other Income (2) (Ji 14) 333.611 333,611 231,785 10.834 10.834 5.607 Tot#l Ineomlng ReSOUTte¥ 344,445 344.445 241392 Re$our¢es F.xpended Expeudiiure on r2isin8 fimds Charitabl¢ activiti {includes 8overnance ¢ts) 184.504 184.504 170.225 TotAI Rt$ouree$ Expellded Is) 184.504 170,225 Net Movements In Futyds 159.941 159,941 75,167 Funds it 31st March 2013 3,663.596 3,663,596 3,588,429 Toill Funds at 31st Marth"2024 3,823,537 3,823,537 3,663,596 The rtoies on pag¢s 13- 20 fomi an int¢gMI pÈrt of th¢ fiMn¢ial ststrmeDL8 10
CURU NANAK GURDWARA BF.DFORD BALANCE SHEET AS AT 31 MARCH 2024 UNAUDITED 2024 2023 Notes Fl¥ed Ass¢ts TanBiblc AsseL4 {9) 3,447.299 3.H7.299 3,515,808 3.515.808 c.urrent AssetJ 650 12.213 287.366 31X).229 DebioTS and Prtpiym¢nts Cash al BAnk and in HaThl 5.278 498.984 505,462 Credltors: Amounts due wlthln one iio) 138.5211 {39,2741 Yet Current Assets 466,941 260,955 3,914,240 3,776.763 Credltors- Amotsttis dll ft¢r mor¢ than one ear {SKI.7031 Net A88ets 13) Flnnted b KcsifiLted Fwids Gener Funds 3,823,537 3,663,596 Tot*1 b'unds (14) 3,823,537 3,603,596 Approved by us on I 1° Dc¢cmkr2024 for •tort behalf of ail the InLz& Balraj Singh Rlli IPr&8ident) Daivit Singh Panes8r (General Secret) The notes on pages 13- 20 fortn intew] psrt of the financial stst¢ments
GRu NANAK GURDWARA BEDFORD STATF,MF,NT OF CASH FLOWS FOR THE YEAR F,YDF.D 31 MARCH 2024 UNAUDITLD 2023 No 2024 Csh used operatlthg AetlTAti¢s (A) 126991 Cash flosvi from Investlng ictl•Atles Interest income 9,174 594 Pur¢h45e of tAngible fjxcd assets -3,618 Proceeds from le of rcd as%ts Cash provlded by ltssed Inl Invesdng ¢dvliles Chan8e in c88h and eash equivalents in the rewwtit)g year 211,618 123,967 Cash and cash equivalents At the be8innin8of the yeAr 287,366 163,399 To¢al ush and ¢dth equivAkThts thc cnd of the year 287 (Al Reconcllltlon of net movemenl In funds to nel csh now from op¢rAtlnR a¢ilvltle8 UNAUDITTr.D 202 Net movements itt furtd4 Add back dcprcciation char8e Deduci intere81 in¢ome shown in inv18CtiVItIeS Decrease lincrcasel in dcbiors Increase l(kcrease} in CTedilors 159.941 611,509 19.1741 6.385 (23,2171 75,167 70,543 15941 1,424 119,5491 Net cash uged in operatin8 aclivities 126991 31 MArch 21124 AnAIysls of Changes oet fuDds 2023 C*shllow Net C85h Cash at bank and in hand 287.366 211,618 498,984 Tot 287,366 211,618 4911,984 12
GURU Tr4ANAK GURDWARA BEDFORD NOTES TO THL FINLNCIAL STATEIIENTS FOR'fHE YLAR ENDED 31 fvL4RCH 2024 (l) AeeollntAnc olleles 1.1 Accounting convention The fI])¢1a1 siaments have been prepared in accoTdaTrce with the charity's governing docutnellt, the thtitilics Act 2011, FRS 102'Thc finanGial Rerting SLandard applicable the UK and Republic of Ireland" I"FRS102"1 and the Charitie5 SORP"Actoulltiti8 attd Rertiti8 by Charities.. Staoment of Reconynend Practice applicabl¢ io cbarities preparÈng their accounts in accordance with the Financi Rqrti8 Sthndard 8pplicable in the UK and Republic of Irelartd IFRS 1021- leffeaive l January 20191 Thc Charity i$ a Publit Benefjt Entity 2s defined byFRS 102 The Financi81 Slaternents have deprted from tht charities {Accounts and Reports) regulations 2008 only lo the exieni reqwred to provide trnc and fair view. Thi5 dcparture has involved followin8 the staicment ef R¢¢otnm¢ndcd Pratlite amjlicable for charities applying FRS 102 rather than the version of th¢ StateTncnt of Rccommcndcd Practice whi¢h 1$ referred th in the Re8ulaiions but which ha5 since been withdrawn. The Financial slalements Bre PTepBred in srerlin& which i5 the fictiOnal cuffeney of the ¢hon'ty. Man¢tAry amounts in these fLll8ncial statements are rounded to the nearest £. In the current yearthc financial st&l¢mts knv¢beth audited. Ith th¢prtoryearthecharity did not meet the criteria for an audit in the Unilcd Kin8dotn 4r¥J so 1$ uJaud¥t¢d. The Fin&n¢ial siaiemenis have been prerAT¢d under the hi51oricttl eost conven¢ion. modificd io include Ihe revaluation of frechold propcrties and io in¢lud¢ inv¢stmethl properties and certain financial instnjments at fair value. The principal accounung policies hdowed are set out below. 1.2 CtolnR tonttrn Al thc titne of approving the financial staoments. the TnL8tees have a reasonable expectation thai the chirity hA8 adequat¢ resouNe& 10 Luniinu¢ in ope11 ¢xib¢¢llLL' fur )# fvr¢se¢able fttlute. 11Je Lli&iity lias ILad Btuwiii income le&dillg to a $urplus in recent years. Al the ye4r end the Charity a healthy net currcrtl asse¢ Ènd net a$$¢1 $l(lOn on the balance shee(8longsidc cash held a¢ die year end which covcr$ 5ev¢rnl yc&r5 of exp¢ndIre ' in the 8bs¢nce of futur¢ ith¢om¢. Givets this the Tnjstees eontinlle adopl ¢Jie 8oin8 concern basi5 of accounting in preparing the fin8ncio1 statements 1,3 Chllritlble fud5 Unrestricled funds are avAilabl¢ for w¢ 8t the disa10 of the Thistees in furtherance of their charitablc objectives. Restricted furtd$ 8re8ubject th S[LfIC crmditioDS by d¢M ofBTantors asto how th¢y mu5tbc use(t The purpose and of th¢ T¢Strict¢d fwids arc set olli in the notes to the financial statements. Endowmcnl Fun& art specific conditions by donor5 thtti thr up1] mwt be m8intAtned by ihe charity. 1.4 Incame Income is c0Ls¢d WIKD the charity is Iwlly entstl¢d (o i(8fter any wfomJ8nce eonditioos have been mel, the 8mounL8 e4n be rnured reliably Utld it is probAbJc thot iome will be re£eiv&l. C2$h dOLi0n$ are recognised OTh receLPL Other donations are Tecogni5¢d once the charity has been notified trf the donation, un1¢55 perfomthllee cotidi(ioJJs requirc <krer[ of the arnount. Income tax recov&ble ix] relation to donatrons received under Gift Aid or deeds of covenant ts r#owkised at the time of the donation. Legacies are reco8ttised on receipt or otherwise if tb¢ charity ba5 been notifiEd of an i]npendin8 distribution, the ounl is known, and receipt is eXled. If the amoutlt is not known, the legacy i5 trcatzd gs a contingellt asset. 13
GURU NANAK GURDWARA BEDFORD NOTES TO THE FtNANCIAL STATEME?rs FOR THF. YF.AR F.NDF.D 31 MARCH 2024 coNTtN'UED EXpendItre Expenditure is recognised once there is a legal or CoT¢Ve obligation to transfer economic benefit to a third party, it is probable that a transfer of eeollomic benefits will be required in settletneni, and the amount of the obligation can be tne&sure reliably. Expenditure is elassified by activity. The costs of each actlVLty are made up of the total of direct eosts and shared costs, including support costs involved in undertaking each ae¢ivity. Direct costs attributhble to a single activity are allocated directly to that activity. Shared COSLS which Contribu io more than one activity and support Costs which are not attributable to a single activity are apportioned bdw¢cn those a¢uviti¢s on o basis Consistent with the use of resouTCCS. Central staff costs are alloc8ted on thc basis of time spen( a[ depreciation char8es are allocated on the portion of the asset's us¢. 1.6 7'#n#lblt fixed Isgeii T&n¥ibl¢ fjxcd a55¢1¥ Rre initially me4swe4 at ¢osi and subseqllemdy measured at cost OT valuation. net of dcprcciation and any in1pai¢t lossts. Depreciation is reco8nised so as 10 write off the cost or ValU10Th of 456ets their re5idu&l valu¢$ over Ihcir Useful liv¢$ on the following bw.. Land & Buildings iXDJre8. Fittings & F4uiINnent Motor Vehicles 2%on redu¢ift8 b818rt¢e b•si8 20Yè on rcducing balarKe basis 2¢rAonrethJ¢iD8 bai8nce basi8 The land has not been depreciated. The gAin or loss &rtSill8 on ihe disposal of &8set is detern?ined as the differenee between the sale procccds and the carrying valuc of thc asscl athd 15 reco1$¢1 in th¢ stai¢ment of financi&l Atiiviiies. 1.7 Implrment of flxed ugets At each reporting end dète, the charity reviews the tarryin8 w0L$ ofits (8n8ible assets to deterniine whcthci. thcre is an indication that those assd5 havc suffcl an impAirmcn¢ loss. Ir any 5urb indi¢ation exists, the recoverable amount of the &8sel is estimated in order to detennine the extent of thc impai17ncnt loss lif any). 1.8 CrlticAI Iccountbng esdmtC5 and Judg¢m¢nt$ In the application of the chBJity's a¢counling polici¢5, Ihc Tn1¢¢$ are required io m8ke jud8ements. estimates and a5SILmpiions aboiil the Can8 amount of as5e¢s and liabilities that arc not readily ai)pAr¢ni from oihei. sources. The estimates and associated asswnptions arc bd on histOThcal eX1CC¢ and other faetors that ar¢ considered lo be relevartt. Acttjal results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basi5. Revi5ion$ to a]ling estim2tes Bre recognised in the wiod itt which the estimak is revised where the revision affects only that period, or in thc period of the revi510rt 2nd fiLre periods where the revision affects both Curreni armi fure periods. Thc Irustc&s bclicve that there ltiCal ac¢&xmtin8 ¢51im¥tes and judgments. 1.9 Cash And th equlvaltnls Cash and cash equivalcnis include casb in hand ¢knsits held at call with Eonks. other 5hort-tem liquid investtnents origit>al matijrities of three months or less, and bank overdrafts. Bank Overdraft are shown within borrowings in ¢urrenl liRbiliti¢s. 1.10 Flnlnelal Instrumtnts The chaTity has elecicd io apply ihe prowisiotss Orsec0 I I 'Basi¢ Financial Instruments, and section 12 'otheT fitw]cial in5trwDents issues. of FRS 102 all of its fJnan¢i8] iwttumejjts. 14
GURU NANAK GURDWARA BEDFORD NOTES TO TIIE FIFATriCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 CONTINUED Financial instru[rts gr¢ recolE¢d in the clwity's ba]ance shect when the charity becomes party lo tli¢ contractual provisions of the instnjment. Financial assets st liabilities are offset. with the amounts presented in the financial ststcmcnrs. when there is a Icgally enforceable righi to sei off the recogniscd amounts and there is att itttention to settle on A tiet lsis c to reaiise the tt gettie tlke li&bi]ity simultaneously. B95LC finan¢i•l •ssets Bastc fanCial asscis. which iJJc]ude debtors 8nd casb and bank bslanccs. are initially mcasurcd at transaction ptite irtcluding transactiortCOSL% Èthd are subsequertily c2rriedaiamortised costusillg Ihc cffective inlcrest method unle&8 Ihe 2rrange]neDI COn%tittJW a fLOing alaCtiOn, where the transaciiort i8 measured ai the preseni value of the future receipts discounted a markc¢ rate intest. Financial assets cl&ssifid a5 rec¢ivabl¢ within one ye4rAre not amortised. Bthslt fln#tttl#l Llbllltle$ Basic financial liabilities, including credi¢oTS and bonk lo$ Ire initially T¢81$¢d •¢ trAnOrt pri¢e unltsg the aangement constiiuta% a flnancing transaction. where the dcb¢ instrumenr Ès measured ai the prescnl value of the future palentS discounied ai a market rate of knoresL Financial liabilities ¢Ilfied as payable within one yeAr tr¢ tKTrt Amortis¢d. Debt in5trunwnts Bre subsequently C4Tried at amortised crt using the effective intCTe5t rate mcthod. TrAde crediiors Are obli8stioDs 10 pay for 8ood8 or s¢rvices thai have been acquired in the ordinary cour3c of OPCTations fT4)m supplicT5. Amounts yble ITC cIAssified as curreni liabilities if payment is due within one y¢or or le&s. If not. they are PTe5enled as non-curreni liabili¢ie5. Trade credi¢oT5 are Tecogniscd initially al tiTrnsaetion price 8nd subuequentjy me&8UTed at amortised ctU$18 the etTective Ulterest method. Dere¢ognlsAtlon of finntlg1 Illhlllilts inatlcial li3bilits¢s d¢GO815<d whett the ¢lwity'8 CootrUl1 oblisiiions ¢xptr¢ or xre dis¢harRed or cancelled. Employee btneflt$ The crfit of any unused holiday enlitlemenl is recognised in the period in whicjj the employee's services arc received. TeMiltIon benefits ir¢ retogrtisd immai8ty expttw Wh the charity 1$ demonstmbly Committed to krnJiTJ&i¢ the employment of employe¢ OT to provid¢ t¢miination benefits. 1.12 Retlrement beneftts Paymeots to defit*d contribution reiiremeoi beoefii 8dwncs are dw8ed as att expenses as they fall due. 1.13 Siocks Siock rclales lo religious literaknjre held for sale. SlrKks are slated at the lower of c051 and estimated sellitig price letss costs to cempleie and sell. Cost comprises direct product cost and those overhead5 that have bcen incurred in brinBin8 the si(th to theAr pr&sent IocAtiOll and eondiuon. At each reportirtg date, SeSsMent is made for impairnieni. Any excess ofthe carrying ameun¢ of stocks ovcr its estitnated sellin8 price atsd sell is recogwsed atl itnpainnettt lo&$ in profil or loss. Revers2]s of impairment losses are 4150 rewgnis¢d in PTofit OT Ioss. The stock held 8t the year end is inUaterIal to the fanCial statemcnts. 15
GURU NANAK GURDWARA BEDFORD OTES'fu'rHE FINAI%CIAL STATEMENTS FOR THE YEARENDED31 MARCH 2024 COTLYuED UNAUDITED 202.3 Z024 (21 DOIIATIOEIS AND LEGACXLS Gener21 DoThatii)ns Gift 267.436 194.529 31 13) OTHER CHARITABLE A1vITIEs Is¢ri- Langar This relatu 10 f)d$ sales in the prior yearwhi¢h were rewttd irt thc ¢urreJ)¢ year. {41 OTIIER IcomE Miscc114neous Ineome Iniercsi received 5,013 TAI. Is) TOTAL RESOLRCES EXPENDED VNAL'PtTEJI B¥$15 of ReH ous Governance Tot*1 allo¢illon SeThl¢es Total 2023 2024 Il Ill Ated to #ttlvli Salaries cosls Motor E¥p¢nTryeI Repatrs, ReJJewals 8nd Cleani08 Sundrie&Food Li8htlHeai & Water Rat¢s Rcliwous Futiciion Dortalions Bank Chargesl tAn Interest DepCIatIOn1Loss on Di5{rf]S DiLfCI Direct Duect Direct DIT1 21,057 lJ54 13,996 16,460 27,925 4,774 1,5 8,771 68,509 21,057 16,899 ,354 715 13,996 22,950 16.460 27,925 21,247 4,774 5,481 1,500 1,750 8,771 5,695 68,509 70,543 ct Dire ort C08ts Allocated to aetl%rftks Premises & Admintstration G¢tL¢ral Ottce Legal attd Profeuion 3,222 4.628 4,483 3,222 4.628 12,308 2,824 3.820 3.185 Usage 7,825 176,679 7I25 184,504 170,225 16
C.URU NANAK GURDWARA BEDFORD NUTLS'1'() THE FINANCI.AI. STklTE%IEYTS FOR THE YEAR ENDED 31 MARCH 2024 CONTIYUED {6) NET MOVEMENTS OF FU.NDS FOR THE YEAR UNALIDITF.D Thls Is stied after ¢h4r 2024 2023 Depre¢ialion Auditors Rcmw)cratioTh rc exrnal Thtiny 68,509 70,543 2024 is the f81 yearof audit due the thltY exceeding audit threshold. {7) ST AFF COSTS AND TRUSTL&% REMI.T4ERATIO UTr*AUDITED 2024 2023 Wages and Salaries (including Security Costs) 21.057 16,899 No employee earned more than £60,(m ptratn. The tDL4tees were tsot r¢muth¢rat¢d in th¢ ywended 31° March 2024. (8) TAb'Tr' NUMBK The 8veraBC monthly number of unphyees durin8 the yelrwere 2{2023.' 1).
GURUryANAK GURDW.4RA BEDFORD NOTES TOTHF. FI%ANC.IAI. ST.4TEIILN'rs FOR THF, YEAR EDLD 31 MARCII 2024 CONTINLTD 191 TANGIBLE FIXED ASSETS FOR THE YEAR ENDED31 MARCH 2024 Land & Bullditt Moi(br Vthitle5 FlxtureslFittin Total Cost blfwd (UNAUDITF.DI Additsoll5 4.735,915 7526 98.422 4,841.863 Cost fit 31 Mor¢h 2024 4.ns,9lS 7J26 9&422 4,841063 Depreclatlon blfwd IUNAUDI'fbDI 1,234.538 Char8e for the ye4r 65,623 7.219 61 84.298 2,825 1.326.055 68,509 DepreclAtlon 31 M*reh 2024 I JOO,161 7,Z80 87,123 Net Hook Value 31 March 2023 IUNAUDITED) 31 March 2024 3,501.377 3835,754 307 14.124 11,299 3,515,808 .1,447,29Y 246 101 C:RLDITORS.. AMOUP4TS FALL YEAR UYAUDITED 2023 2024 Aceal5 Trade Creditors Other Creditors BarLk Loans 9.057 3,307 7,069
GURU NANAK GVRDW.ARA BF.DFORD NOTES TO THE FINANC."1.4L STATEIIENI8 FOR TIIE YEAR ENDED 31 MARCII 2014 CONTINUED 1111 CREDITORS: AMOVYTS FAI.I.IIN G DUF. AFTF.RMORF.THAY 0F.YEAR UTr*AUDITED 2023 2024 Bank Loans 113 167 The loan is secured on the cwrentland and buildings at 84 Ford End Ro. 112) DEBTORS AND PREPAyMETs UNAUDITF.D 2023 2024 Dcbtor5 Prepoyment8 1855 9,584 IIJI ANALYSISOF NET A&SETS BETWEEN FUNDS Uthr¢strlffj¢d Reslrleted Fund tal Fu Tangible Fixed Stock Debtor5 CA8h at B8nk 8nd in Hand 3,447,299 3,447,299 1.200 5.278 498.984 1129.2241 5,278 498.984 1129.2241 Net Assets 8$ at 31 MArch 2024 3,823537 3,823,537 Aulhorised btji not contracted MOVEMENTS IN FLTr4DS IINAliDITTr'.I) Ilalartcc blfM.d A ri12023 In¢omln Resources BAlan¢e dfwd 31 Morch 2024 Re5tri¢t¢d Funds Unrestrictcd Fund% 3ffi63S96 344.445 3,823J37 Total Funds 3,WS96 344,445 J84J04 3.823537 19
GIIRU iYANAK C.LIRDW.4114 BEDFORD NIITD:S I'O TIIE F-INANCI.4L SI'ATE%IF.NTS FOR'fHE YEAR EN4DED 31 MARCH 2024 COhTIYUF.D {141 RELATED PARTY TRANSACTIONS There were no transactiOD5 rerte[VIce0rded where tswtets or people cojjnected w2th them have received remuneration from ttle charity. (151 GOVFRNANCE COSTS The figure of £7.825 inclu¢ks accountancy and wdit costs forthe orgArtis&tioD. 1161 URFtsTRIcYF.D TrLI%DS All fwds are for urtrestrjcied PurpreS to spend on activities that further any of the purp)w of the ch8rity. {17) ASH GF.NF.RATED FROM OPERATIO. UNAIIDITF.D 2U23 2024 C¥h R¢th¢rAted from oper8tlons Surplus for the year 159.941 75.167 D¢pre¢ialion And impairmeDI of tsn8ible fixed a55e¢s 68,509 70,543 Movement ill workin8 Capit81 Purchasc of i¥ngiblc fixcd sssei$ Declrase lincreasc) in dcbknT5 Increase Id¢¢rewl in creditors (3.6181 1.424 {19,549) 6.385 (23.217) Cih eenerated from operatlons 211618 123 967 {18) ANAI,YSIS OFCHAliGF.S IN NF.T FUNDS Tile charity had no tnaleTial dcbi during the year.