**Charity Registration Number 1065733**
## **GURU NANAK GURDWARA & SIKH COMMUNITY CENTRE**
## **Unaudited Financial Statements**
**30 April 2022**
## **Broom Sturman & Co**
**Accountants**
**251 Acklam Road**
**Middlesbrough**
**TS5 7BW**
## **GURU NANAK GURDWARA & SIKH COMMUNITY CENTRE**
## **Financial Statements**
## **Year ended 30 April 2022**
||**Page**|
|---|---|
|Trustees’ annual report|1|
|Independent examiner’s report to the trustees|5|
|Statement of financial activities|6|
|Statement of financial position|7|
|Notes to the financial statements|8|
|**The following pages do not form part of the financial statements**||
|Detailed statement of financial activities|16|
|Notes to the detailed statement of financial activities|17|
**Year ended 30 April 2022**
## **GURU NANAK GURDWARA & SIKH COMMUNITY CENTRE**
**Trustees’ Annual Report**
The trustees present their report and the unaudited financial statements of the charity for the year ended 30 April 2022
## **Reference and administrative details**
**Registered charity name** GURU NANAK GURDWARA & SIKH COMMUNITY CENTRE **Charity registration number** 1065733 **Principal office** 31A Allensway Thornaby Stockton on Tees TS17 9HA **The trustees** Mr K Singh Mr P S Sangha Mr S Singh Mr I S Upal Mr L S Kandola Dr G S Randhawa **Independent examiner** Mr I Broom of Broom Sturman & Co 251 Acklam Road Acklam Middlesbrough TS5 7BW
1
## **GURU NANAK GURDWARA & SIKH COMMUNITY CENTRE**
**Trustees’ Annual Report (continued)**
## **Year ended 30 April 2022**
## **Structure, governance and management**
Guru Nanak Gurdwara & Sikh Community Centre is constituted as a charitable trust registered with the Charities Commission in November 1997 under the charity number 1065733
## Organisational Structure
The charity trustees are responsible for the general control and management of the charity. The trustees give their time freely and receive no remuneration or other financial benefits. The trustees, in conjunction with the committee, 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
## Recruitment and appointment of trustees
The existing trustees are responsible for the recruitment of new trustees but in so doing the trustees seek the views and recommendations of both elders and community leaders via the general secretary. The trustees believe this approach ensures that new trustees are respected members of the faith and local communities and ensures that good relations are fostered between the temple and the people of the local community that we serve.
In selecting new trustees, we seek to identify people who regularly attend events and functions organised by the charity and are willing to volunteer to help in our broader community work. Potential trustees are invited to attend trustees’ meetings as observers and are given more details of the charity’s aims and activities and if all agree, they are then proposed as new trustees at the subsequent trustees’ meeting. This process allows due consideration of the person’s eligibility, personal competence, specialist knowledge and skills.
## Induction and training of trustees
Following appointment, new trustees ae introduced to their new role and given copies of the constitution along with a number of publications from the Charities Commission which provide guidance on charities 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.
## Risk management
The trustees have assessed the risks faced by the charity and are satisfied that systems are in place, or arrangements are in hand, to manage identified risks. In particular, insurance cover is in place and the finances of the Temple are kept under regular review. Appropriate Criminal Record Checks are made for
2
## **GURU NANAK GURDWARA & SIKH COMMUNITY CENTRE**
**Trustees’ Annual Report (continued)**
## **Year ended 30 April 2022**
## **Objectives and activities**
## Our objectives
The charity’s objectives are to provide a cultural socio-religious base for the Sikh Community in Thornaby and Stockton. The charity has continued in its objectives stated above by providing an open easy and free means for the Sikh Community in the area to engage in their religious and cultural heritage.
We have referred to the guidance in our Governing document recognised by the Charity Commission Constitution adopted 14.07.1994 as amended on 23.06.1996 as amended on 13.04.1998.
## 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 together to learn about religion and worship.
We try to promote the Sikh faith in the Thornaby and Stockton area and encourage all schools, colleges and universities 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 Langer (free kitchen) which is open to everyone in the local community, irrespective of religious beliefs. We offer many different classes to the local community including community language class, karate class and other various activities.
## **Achievements and performance**
We are effectively liaising with the wider communities/educational establishments in the area to meet community cohesion agenda, e.g. many parties from schools visited our Sikh Temple and Community Centre and gained knowledge of the basic principles of the Sikh religion, which preaches strongly on all types of equalities. We are liaising closely with SACRE (Standing Advisory Committee on Religious Education) Stockton Borough Council. Statutory risk assessment and safeguarding procedures are followed during the visits. We have received appreciation letters from SBC officials and schools.
## **Financial review**
The trustees are satisfied with the financial position of the charity and no formal reserves policy is in place
## Principal funding sources
The principle source of funding for the charity is donations from the local Sikh community. Trustees and all members are encouraged to pay their donations monthly by standing order. The charity also receives some rental income from the third party use of the community centre. Gift aid is also in operation. The charity has not applied for any grants.
3
## **GURU NANAK GURDWARA & SIKH COMMUNITY CENTRE**
**Trustees’ Annual Report (continued)**
## **Year ended 30 April 2022**
## **Plans for future periods**
The charity wishes to continue the promotion of the Sikh faith in the local community and to continue helping those in need. We will continue to receive visits from educational institutions including visits from police training academies. We will continue to attend SACRE Stockton Borough Council meetings. Trustees recognise the excellent provision and mechanism put in place by our Treasurer and other volunteers for outside visitors. We will encourage and assist the Treasurer in implementing this provision. As advised by the Charity Commission in April 2018 the charities and trustees safeguarding procedures continue to be followed on a priority basis.
The trustees’ annual report was approved on and signed on behalf of the board of trustees by
Charity Secretary
4
## **GURU NANAK GURDWARA & SIKH COMMUNITY CENTRE**
## **Independent Examiners Report to the Trustees of GURU NANAK GURDWARA & SIKH COMMUNITY CENTRE**
## **Year ended 30 April 2022**
**____________________________________________________________________________**
I reported to the trustees on my examination of the financial statements of GURU NANAK GURDWARA & SIKH COMMUNITY CENTRE (‘the charity’) for the year ended 30 April 2022.
## **Responsibilities and basis of report**
As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (‘the Act’)
I report in respect of my examination of the charity’s financial statements 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 examiner’s statement**
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
1. Accounting records were not kept in respect of the charity as required by section 130 of the Act or
2. The financial statements do not accord with those records: or
3. The financial statements do 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.
Mr I Broom
Of Broom Sturman & Co
Independent Examiner
251 Acklam Road
Acklam
Middlesbrough
TS5 7BW
5
## **GURU NANAK GURDWARA & SIKH COMMUNITY CENTRE**
## **Statement of Financial Activities**
## **Year ended 30 April 2022**
||||2022|2021|
|---|---|---|---|---|
|||Unrestricted|||
|||Funds|
Total funds|Total funds|
||Note|£|
£|£|
|**Income and endowments**|||||
|Donations and legacies|4|-|
86,292|57,624|
|||_____|
_____|_____|
|**Total income**|||86,292|57,624|
|||_____|
_____|_____|
|**Expenditure**|||||
|Expenditure on charitable activities|
5,6|-|
80,673|46,339|
|||_____|
_____|_____|
|**Total expenditure**||-|
80,673|46,339|
|||_____|
_____|_____|
|**Net income and net movement in**|**funds**|-|
5,619|11,285|
|||_____|
_____|_____|
|**Reconciliation of funds**|||||
|Total funds brought forward||734,505|
734,505|723,220|
|||_______|
_______|_______|
|**Total funds carried forward**||740,124
_______|
740,124
_______|734,505
_______|
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities
**The notes on pages 8 to 14 form part of these financial statements**
6
## **GURU NANAK GURDWARA & SIKH COMMUNITY CENTRE**
## **Statement of Financial Position**
## **Year ended 30 April 2022**
|**Fixed assets**
Note
Tangible fixed assets
11
**Current assets**
Cash at bank and in hand
**Creditors: amounts falling due within one year**
12
**Net current liabilities**
**Total assets less current liabilities**
**Net assets**
**Funds of the charity**
Unrestricted funds
**Total charity funds**
13
|2022
£
856,705
14,832
131,413
**_______**
116,581
**_______**
740,124
_______
740,124
_______
740,124
_______
740,124
_______|2021
£
855,369
23,312
144,176
**_______**
120,864
**_______**
734,505
_______
734,505
_______
734,505
_______
734,505
_______|
|---|---|---|
These financial statements were approved by the board of trustees and authorised for issue on and are signed on behalf of the board by
Trustee
**The notes on pages 8 to 14 form part of these financial statements**
**7**
## **GURU NANAK GURDWARA & SIKH COMMUNITY CENTRE**
## **Notes to the Financial Statements**
## **Year ended 30 April 2022**
## 1. **General information**
The charity is a public benefit entity and a registered charity in England and Wales and is unincorporated. The address of the principal office is 31A Allensway, Thornaby, Stockton on Tees, TS17 9HA.
## 2. **Statement of compliance**
These financial statements have been prepared in compliance with FRS 102, ‘The Financial Reporting Standard applicable in the UK and the Republic of Ireland’, the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Charities Act 2011.
## 3. **Accounting Policies Basis of preparation**
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.
The financial statements are prepared in sterling, which is the functional currency of the entity.
## **Going Concern**
There are no material uncertainties about the charity’s ability to continue.
## **Fund accounting**
Unrestricted funds are available for use at the discretion of the trustees to further any of the charity’s purposes.
Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment.
Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.
8
## **GURU NANAK GURDWARA & SIKH COMMUNITY CENTRE**
## **Notes to the Financial Statements (continued)**
## **Year ended 30 April 2022**
**Accounting Policies (continued)**
## **Incoming resources**
All incoming resources are included in the statement of financial activities when entitlement has passed to the charity. It is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income.
- Income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.
- Legacy income is recognised when receipt is probable and entitlement is established.
- Income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers.
- Income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.
## **Resources expended**
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates
- Expenditure on raising funds includes the costs of all fundraising activities, events, noncharitable trading activities, and the sale of donated goods
- Expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.
- Other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of the expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis,
## **Tangible assets**
Tangible assets are initially recorded at cost, and subsequently stated 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.
9
## **GURU NANAK GURDWARA & SIKH COMMUNITY CENTRE**
# **Notes to the Financial Statements (continued)**
## **Year ended 30 April 2022**
## **Accounting Policies (continued)**
## **Tangible assets (continued)**
An increase 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 previously been recognised as expenditure within the statement of financial activities. A decrease in the carrying amount of an asset as a result of revaluation gain, 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 recognised gains and losses on the statement of financial activities.
## **Depreciation**
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures and fittings – 15% reducing balance
Equipment - 15% reducing balance
## **Impairment of fixed assets**
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cashgenerating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes 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 acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the charity are assigned to those units.
## **Financial instruments**
A financial asset or a financial liability is recognised only when the charity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs
Current assets are and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted.
Debt instruments are subsequently measured at amortised cost.
10
## **GURU NANAK GURDWARA & SIKH COMMUNITY CENTRE**
## **Notes to the Financial Statements (continued)**
## **Year ended 30 April 2022**
## **Accounting Policies (continued)**
## **Financial instruments (continued)**
Where investments in shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in income and expenditure. All other such investments are subsequently measured at cost less impairment.
Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument
Other financial instruments are subsequently measured at a fair value, with any changes recognised in the statement of financial activities, with the exception of hedging instruments in a designated hedging relationship
Financial assets that are measured at cost or amortised costs are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised.
For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial asset are either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
|4.|**Donations and legacies**|**Total Funds**|**Total Funds**|
|---|---|---|---|
|||2022|2021|
||**Donations**|**£**|**£**|
||Donations|70,225|49,854|
||Donations – gift aid|7,086|-|
||**Other donations and legacies**|||
||Other donations and legacies|101|-|
||Other donations – Foster House|8,880|7,770|
|||______|______|
|||86,292|57,624|
|||______|______|
11
## **GURU NANAK GURDWARA & SIKH COMMUNITY CENTRE**
## **Notes to the Financial Statements (continued)**
## **Year ended 30 April 2022**
## 5. **Expenditure on charitable activities by fund type**
||||**Total Funds**|**Total Funds**|**Total Funds**|
|---|---|---|---|---|---|
|||||2022|2021|
|||||£|£|
||Active type 1|||13,322|10,309|
||Support costs|||67,351|36,030|
|||||______|______|
|||||80,673|46,339|
|||||______|______|
|6.|**Expenditure on charitable activities by activity type**|||||
|||Activities||||
|||Undertaken||Total funds|Total funds|
|||Directly Support costs||2022|2021|
|||£|£|£|£|
||Activity type 1|13,322|-|13,322|10,309|
||Governance costs|-|67,351|67,351|36,030|
|||______|______|______|______|
|||13,322|67,351|80,673|46,339|
|||______|______|_____|______|
|7.|**Net income**|||||
||Net income is stated after charging/(crediting)|||2022|2021|
|||||£|£|
||Depreciation of tangible fixed assets|||4,104|3,869|
|||||_____|_____|
|8.|**Independent examination fees**|||2022|2021|
|||||£|£|
||Fees payable to the independent examiner for:|||||
||Independent examination of the financial statements|||1,376
_____|1,378
_____|
|9.|**Staff costs**|||
|---|---|---|---|
||The total staff costs and employee benefits for the reporting period are analysed as follows:|||
|||2022|2021|
|||£|£|
||Wages and salaries|7,081
_____|12,314
______|
The average head count of employees during the year was 1 (2021: 1) No employee received employee benefits of more than £60,000 during the year (2021: Nil)
12
## **GURU NANAK GURDWARA & SIKH COMMUNITY CENTRE**
## **Notes to the Financial Statements (continued)**
## **Year ended 30 April 2022**
## 10. **Trustee remuneration and expenses**
No remuneration or other benefits from employment with the charity or a related entity were received by the trustees
## 11. **Tangible fixed assets**
|Cost
At 1 May 2021
Additions
At 30 April 2022
Depreciation
At 1 May 2021
Charge for the year
At 30 April 2022
Carrying amount
At 30 April 2022
At 30 April 2021|Freehold Fixtures &
property
fittings
Equipment
£
£
£
833,447
35,309
39,821
-
5,440
-
_______
______
______
833,447
40,749
39,821
_______
______
______
-
24,623
28,585
-
2,419
1,685
_______
______
______
-
27,042
30,270
_______
______
______
833,447
13,707
9,551
_______
______
______
833,447
10,686
11,236
_______
______
______|Total
£
908,577
5,440
_______
914,017
_______
53,208
4,104
______
57,312
______
856,705
______
855,369
_______|
|---|---|---|
## 12. **Creditors: amounts falling due within one year**
|Bank loans and overdrafts
Accruals and deferred income
|**2022**
£
130,117
1,296
_______
131,413
_______|**2021**
£
142,548
1,628
_______
144,176
_______|
|---|---|---|
13
## **GURU NANAK GURDWARA & SIKH COMMUNITY CENTRE**
## **Notes to the Financial Statements (continued)**
## **Year ended 30 April 2022**
|13. **Analysis of charitable funds**||
|---|---|
|**Unrestricted funds**|**At**|
||**30 April 2022**|
||**£**|
|General funds|740,124|
||**_______**|
||**At**|
||**30 April 2021**|
||**£**|
|General funds|734,505
_______|
14
## **GURU NANAK GURDWARA & SIKH COMMUNITY CENTRE**
**Management Information Year ended 30 April 2022**
The following pages do not form part of the financial statements
15
## **GURU NANAK GURDWARA & SIKH COMMUNITY CENTRE**
## **Detailed Statement of Financial Activities**
## **Year ended 30 April 2022**
|**Income and endowments**
**Donations and legacies**
Donations
Donations – gift aid
Other donations and legacies type 1
Other donations – Foster House
**Total income**
**Expenditure**
**Expenditure on charitable activities**
Purchases
Wages and salaries
Rates and water
Light and heat
Repairs and maintenance
Cleaning
Other establishment
Legal and professional fees
Telephone
Other office costs
Depreciation
Interest on bank loans and overdrafts
**Total expenditure**
**Net income**
|2022
£
70,225
7,086
101
8,880
______
86,292
**______**
1,613
7,081
4,892
7,678
35,371
3,272
7,190
1,910
609
495
4,104
6,458
______
80,673
**______**
**______**
5,619
**______**|2021
£
49,854
-
-
7,770
______
57,624
**______**
187
12,314
2,761
5,313
4,969
2,395
4,126
1,378
467
558
3,869
8,002
______
46,339
**______**
**______**
11,285
**______**|
|---|---|---|
16
## **GURU NANAK GURDWARA & SIKH COMMUNITY CENTRE**
## **Notes to the Detailed Statement of Financial Activities**
## **Year ended 30 April 2022**
|**Expenditure on charitable activities**
**Activity type 1**
**Activities undertaken directly**
Direct charitable activity 1 – food
Direct charitable activity 1 – wages/salaries
Direct charitable activity 1 – donations
Direct charitable activity 1 – interest on bank loans
**Governance costs**
Governance costs – wages/salaries
Governance costs – rates & water
Governance costs – light & heat
Governance costs – repairs & maintenance
Governance costs – cleaning
Governance costs – insurance
Governance costs – accountancy fees
Governance costs – legal fees
Governance costs – printing, postage and stationery
Governance costs – telephone
Governance costs – other office costs
Governance costs – depreciation
**Expenditure on charitable activities**
|2022
£
1,613
-
5,251
6,458
______
13,322
______
7,081
4,892
7,678
35,371
3,272
1,939
1,376
534
495
609
-
4,104
______
67,351
______
80,673
**______**|2021
£
187
120
2,000
8,002
______
10,309
______
12,194
2,761
5,313
4,969
2,395
2,126
1,378
-
401
467
157
3,869
______
36,030
______
46,339
**______**|
|---|---|---|
17