ChaTIty registratlon number Charlty Registratlon Number 1070449 GURU NANAK DURBAR (SIKH TEMPLE), ERITH & BELVEDERE, KENT ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
GURU NANAK DURBAR (SIKH TEMPLE), ERITH & BELVEDERE, KENT LEGAL AND ADMINISTRATIVE INFORMATION Trustees PAal H Thiara A Ghuman G Dhesi K Sadhra P Uppal RAuila B Johal S Thind SRai H Malhi BAujla K Aal R Dass S Chahal B Tumber A Aal Charlty number 1070449 Reglstered offlce 31 Mitchell Close Belvedere, Kent DA17 6AA Indepentient ExamSner HNS Partnership 66-68 Singlewell Road Gravesend. DA117PW Bankers HSBC Bank 38 High Street Dartford Kent DA11DG
GURU NANAK DURBAR (SIKH TEMPLE), ERITH & BELVEDERE, KENT CONTENTS Page Twstees report Statement of Trustees responsibilities Independent examinerfs report Statement of finanaal activities Balance sheet Statemenl of cash Ilows 10 Notes to the financial statements
GURU NANAK DURBAR (SIKH TEMPLE), ERITH & BELVEDERE, KENT TRUSTEES REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 The Trustees present their annual report and financial statements for the year ended 31 December 2024. Guru Nanak Dutbar (Sikh Temple) is a charitable organization overseen by its Trustees. It was officially registered with the Charity Commission on 8th July 1998, under Charity Number.. 1070449. The Charity offers education and Iraining, provides overseas aid and famine relief. and engages in religious aciivilies. The Charity supports children and young people, the elderly, individuals of specific ethnic or racial backgrounds, other charitable organizations. and the general public It achieves this by offering grants to organizalions, providing human resources, supplying buildings. facilities, and open spaces. and delivering various services. The Charity operates from Belvedere. KenL The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the Charity's Igoverning documenll. the Charities Act 2011 and "Accounting and Reporting by Charities. 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)" (effective 1 January 2019). Objectlves and actlvltles The objectives of the charity are summarised as follows.. A) ProviGing and maintaining a gurdwara in or near the town of belvedere for the YrShIp of the Sikh religion and the due solemnisation and performance of the rites of Sikh marriages and cremation according to the principles of the Sikh religion. B) Arranging daily and weekly congregations and celebrating principal Sikh festivals. C) Teaching and educating young members of the Sikh community in the doctrines and practices of the Sikh religion and their language DI To advance religious education in accordance with the doctrine and principles of the Sikh faith by means of Sunday schools and otherwise. E) Providing opportunities for the wider community to understand Sikh religion and culture. The objectives are set to reflect and presepie our faith and to aclively promote our faith wilhin the community Each year our trustees review our objectives and activities to ensure they continue lo reflect our aims. In carrying out this review the trustees have considered the Charity Commission's general guidance on public benefit and in particular ils guidance on the advancement of reli9ion for the public benefit. Activilies Provide l arrange activities to advance the aims and objectives of the Sikh Religion Advance education of the local community by assisting to teach Puniabi Language. provide l assist in the provisions of recreation I social activities to improve life In the community To help elderly and others in need Provide l assist the hosl community to understand the Sikh Religion and culture. Public bener The Trustees have paid due regard lo guidance issued by the Chanty Commission in deciding what activities the Charity should undertake. Volunlee The volunteers and staff are involved in general management and core activities of the Chanly The Board of Trustees would like lo acknowledge the tremendous efforts of the volunteers, staff and the many supporters oflhe Chanly for their kind and generous donations as well as their continued support in helping the Charity lo achieve its objectives.
GURU NANAK DURBAR (SIKH TEMPLE), ERITH & BELVEDERE, KENT TRUSTEES REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Achievements and perfomiance Significant aclivilies and achievements against objectives Activities for achieving objectives The Charity continues lo attract an increasing number of followers each year. This year was no exception, with many devotees attending the Temple and taking part in daily activities. Guru Nanak Durbar continues to offer a wide and comprehensive program of activities during the year, which can be summed up as follows.. - Guru Nanak Durbar has provided for the local community during the year. Facilitate diversity for the local police and council officers Continued to provide facilities and free meals for elderly people. Building works for the new building have commenced Flnanclal revlew In 2024, the Charity's generated total income from Donation and Gift aid amounted to £912,96912023 £841,668) and expenditure totalled lo £1,494,954{2023 £166,929). The charity received other income of £13,031{2023.' £15,813). Income was more than resources expended in 2023, resulting in a deficit of £568,954 (2023 surplus £690,552). Total Asset less Liabilities as at the year ended amounted to £3,159,84812023 £3.728.802). The Charily's General Reserves brought forward were £3,696,589 giving General ReseNes carried forward of £3,159,848. Restricted Reserves brought forward were £32,213 and carried forward of£0. Charity's funds are being used In the short term for the runnlng of the Temple activities, together with improving the facilities of the Temple, hence assisling in the furtherance of the Charity and supporting ils key objectives. The Trustees are satisfied with the Charity's financial position at the year end. Going concem The financial statements have been prepared on a going concern basis as the trustees believe that no material uncertainties exist. Based on the charity's performance and the trustees confidence, the charity will have sufficient funds to continue to meet its liabilities as they fall due for at least 12 months from the date of approval of the financial stalements and therefore have prepared the financial statements on a going concern basis. Reserves policy It is the policy of the Charity that unrestricted funds which have not been designated for a specific use should be maintained al a level equivalent lo beeen one and three month's expenditure The Trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the Charity's Current activities while consideration is given to ways in which additional funds may be raised. This level of reseNes has been maintained throughout the year. Reserves are also held to sustain operation when income generating activities are not feasible.
GURU NANAK DURBAR (SIKH TEMPLE), ERITH & BELVEDERE, KENT TRUSTEES REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 M8jor risks The Trustees have formally assessed business risks, and this has involved assessing the types of risk facing the Charity, priorilising them in terms of Ihe potential impact and likelihood of occurrence, and identifying means of mitigating the nsks. As part of this process the Trustees have assessed the adequacy of the Charity's Internal controls and Ihe costs of operating particular controls relative to the benefits obtained. A major risk identified is the charity's reliance on donations as a primary source of funding. To miligale this risk. the Trustees are focused on diversifying funding streams, stfengthening donor relationships and with wider community. Rlsk management The Board of Trustees is responsible for ensuring effective risk management, and that intemal controls are in place to appropriately manage the risk exposure of the Charity, in particular, Ihe Board of Trustees has considered.. the major risks to which the Chanty 15 exposed., the potential impact and probability associated with each risk., existing internal controls and accountability for them.. and mitigating actions needed lo reduce each risk lo a level that Ihe Trustees considers to be acceptable. All significant activities undertaken are subject to risk review as part of the initial project assessment and implementation. The Board of Trustees reviews the major risks that the Chafity faces on a regular basis and controls are established as appropriate. Internal control The Trustees have overall responsibility for ensuring that the Charity has appropriate systems of intemal controls across the Charity The key internal controls used by the Charity include-. Formal agendas and minutes of all Board of Trustees meetings Established organisalional structure and lines of reporting Engagemenl of external professional advisors as and when necessary Through the controls established for the running of the Charity, the Board of Trustees are satisfied that the major nsks identified are adequately mitigated where necessary. 11 is recognised that the Controls established can only provide reasonable but not absolute assurance that major risks have been adequately managed. Plans for future perlods The Charity is dedicated to strengthening ils relationship with the community through various programs that benefit both devotees and the local population. Our plans include expanding the temple to accommodate more devotees and enhance the overall experience. Our core objectives focus on advancing the Sikh religion and improving community well-being. This involves maintaining a gurdwara for worship and ceremonies, organizing congregational activities. celebrating Sikh festivals and teaching the Sikh faith and Punjabi language lo younger generations. Additionally, we strive to promote Sikh culture within the broader community. provide recreational and social activities. and offer support to the elderly and those in need. The Trustees conduct an annual review of the Charity's activities to ensure they align with our mission and meet public benefit guidelines, ensuring ongoing progress in line with the principles of the Sikh failh.
GURU NANAK DURBAR (SIKH TEMPLE), ERITH & BELVEDERE, KENT TRUSTEES REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Structurei governance and management The Charsty is controlled by its governing document (Charity constitution) . a deed of trust and constitutes an unincorporated charity. The Charity was registered on Ihe 08 July 1998.. Standard registration and is governed by its Constitution. Appointed Trustees are responsible for the day to day operations of the Temple. The aim ofthe charity is to Provide l arrange activities to advancelhe aims and objectives ofthe Sikh ReligionAdvance education of the local community by assisting to teach Punjabi Language. provide l assist in the provisions of recreation I social activities to improve life in the community. To help elderly and others in need Provide l assist the host community to undersland the Sikh Religion and culture. The Trustees who served during the year and up to the date of signature ofthe financial statements were: P Aal H Thiara A Ghuman G Dhesi K Sadhra P Uppal R Aujla B Johal S Thind SRai H Malhi B Aujla K Aal R Dass S Chahal B Tumber A Aal Recruitment and appoinlmenl of Inistees The Executive Committee is elected every two years by the members.The executive committee shall consists of no less than 7 or more than 13 members of which up to 10 are elected and up to 3 co-opted The Constitution allows the committee to co-opt further members. The trustees who served dunng the year are listed under"Legal and Administrative Information" Induclion of new Inistees As part of their induction program, new Trustees are made aware of their responsibilities. This Includes an introduction to the objectives, scope and policies of the Charity, the Charity Commission information on Trustees, responsibilities and a copy of the Conslilution. Additional training is available to keep up wilh all new regulations concerning the Charity's activities. Organisalional slnjcture and Decision making Decision making duties are carried out by the Trustees at their regular meeting. Other ad-hoc decisions are taken by the Trustees with executive positions. All major decisions Ihal have financial or staffing implications are made by the Board of Trustees. Salaries and other running costs are agreed during various meetings
GURU NANAK DURBAR (SIKH TEMPLE), ERITH & BELVEDERE, KENT TRUSTEES REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Remunerntion policy All Trustees are working as Volunteers and no remuneration is paid to any of the Trustees The stees report was approved by the Board of Trustees. P Aal Trustee 27 November 2025
GURU NANAK DURBAR (SIKH TEMPLE), ERITH & BELVEDERE, KENT STATEMENT OF TRUSTEES RESPONSIBILITIES FOR THE YEAR ENDED 31 DECEMBER 2024 The Trustees are responsible for preparing the Trustees Report and the financial statements in accordance with applicable law and United Kingdom Accounts'ng Standards (United Kingdom Generally Accepted Accounting Practice). The law applicable to charities in England and Wales 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 resources and application of resources of the Charity for that year. 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. stale 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 concem basis unless it is inappropriate to presume that the charity will conb'nue in operation. The Trustees are responsible for keeping sufficient 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 Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed They 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 irregulantie
INDEPENDENT EXAMINER'S REPORT TO TRUSTEES OF GURU NANAK DURBAR (SIKH TEMPLE), ERITH & BELVEDERE, KENT We report on the accounts of Guru Nanak Durbar (Sikh Temple), Erith & Belvedere for the year ended 31 December 2024 as set out on Pages 11 to 19. Respective responslbllltles of the Trustees and Examlner The Charity's Trustees are responsible for the preparation of the accounts. The charity's Iwslees consider that an audit is not required for this year under section 144{2) of the Charities Act 2011 (the 2011 Act) and thal an independent examination In needed. It is our responsibility lo examine the accounts under section 145 of the 2011 Act and lo follow the procedures laid down in the general directions given by the charity commission under Section 145151{b) of the 2011 Act and to state whether particular matters have come to our attention. Basls of Independent Examlner's report Our examination was carried out in accordance with the general directions given by the Charity Commission. An examination includes a review of the accounting records kept by the Charity and comparison of the accounts presented with those re¢ords.11 also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from you as trustees concerning any suchmatters The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a "true and fair view" and the report is limited to those matters set out in the statement below. Independent examlner's statement In connection with our examination, no matter has come to our attention.. which gives us reasonable cause to believe that in any material respect the requirements, to keep accounting records in accordance with section 130 of the 2011 Act.. and to prepare accounts which accord with the accounting records and comply withthe accounting requirements of the 2011 Act have not been met.. or to which. in our opinion. attention should be drawn in order to enable a proper understanding of the accounts to be reached. HNS Partiiershlp 66-68 Singlewell Road Gravesend Kent DA117PW 27 November 2025
GURU NANAK DURBAR (SIKH TEMPLE), ERITH & BELVEDERE, KENT STATEMENT OF FINANCIALACTIVITIES INCLUDING INCOME AND EXPENDITUREACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2024 Unrestrl¢ted lunds 2024 Resirfcted funds 2024 Total Unre5trlctd funds 2023 Reslrl¢i•d Totsl funds 2023 2024 2023 Note Income from: Donations Other Income Total Sncome Expendlture on: Chantable activities 912969 912969 808427 15813 33241 841668 13031 13031 15813 926000 926000 824240 33241 857481 1462741 32213 1494954 154625 12304 166929 Total expenditure 1462741 32213 1494954 154625 12304 166929 Net Income and movement In funds .$36741 -32213 .568954 669615 20937 690552 Reconclllatlon of funds: Fund balances at 1 January 2024 3696589 32213 3728802 3026974 11276 303820 Fund balances at 31 December 2024 31S9848 3159848 3696589 32213 3728802 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities
GURU NANAK DURBAR (SIKH TEMPLE), ERITH & BELVEDERE, KENT BALANCE SHEET AS A T31 DECEMBER 2024 2024 2023 Notes Flxed assets Tangible assets 11 3,068,812 3,645,172 Current dssets Cash at bank and in hand 103,381 90,517 Creditors: amounts falllng due wlthln one year 12 12,325 6,887 Net current assets 91,036 83,630 Total assets less current Ilabllltles 3,159,848 3,728,802 The funds of the Charlty Restricted Income funds Unrestricted funds 13 14 32.213 3,696.589 3,159,848 3,159,848 3,728,802 The financial statements were approved by the Trustees on 27 November 2025 PA1 Trustee
GURU NANAK DURBAR (SIKH TEMPLE), ERITH & BELVEDERE, KENT STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2024 2024 2023 Notes Cash flows from operatlng actlvltles Cash generated from operations 18 737,006 729,498 Investlng actlvlties Freehold Building Improvements 1724.162) {674,337) Net cash used In Investlng actlvitles {724,1621 (674.337) Net cash used In flnanclng actlvlties Net Increaselldecrease) In cash and cash equlvalents 12,844 55,161 Cash and cash equivalents at beginning of year 90,517 35,356 Cash and cash equlvalents at end of year 103,361 90.517 10
GURU NANAK DURBAR (SIKH TEMPLE), ERITH & BELVEDERE, KENT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Accountlng policles Charlty Informatlon Guiu Nanak Durbar {Sikh Temple). Erith & Belvedere, Kenl is a Charity organisation registered with the Charity Commission for England and Wales, Charity number.. 1070449. The registered office is 31 Mitchell close, Belvedere, Kent DA17 6AA. Principal activity is to Provide l arrange activities to advance the aims and objectives of the Sikh Religion Advance education of the local community by assisting to leach Puniabi Language. provide l assist in the provisions of recreation I social activities lo improve life in the community. To help elderly and others in need Provide l assisl Ihe host community to understand the Sikh Religion and culture. 1.1 Accountlng conventlon The financial statements have been prepared in accordance with the Charity's Igoverning documentl, the Charities Act 2011, FRS 102 'The Financia5 Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102.1 and the Charities SORP "Accounting and Reporting by Charities.. Statement of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102)" (effective 1 January 2019). The Charity is a Public Benefit Entity as defined by FRS 102. The financial statements hav8 departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Slalement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn. The financial statements are prepared in sterling, which is the functional currency of the Charity. Monetary amounts in these financial statements are rounded to the nearest £. The accounts have been prepared under the historical Cost Convention, modified to include certain financial instruments at fair value. The principal accounting policies adopted are set out below. 1.2 Golng concem The charity is able to fund its operational costs and meet its Siabilities, through ulilisalion of existing cash resources and with continued support from donations. The Charity is therefore dependanl upon voluntary donors for continuing financial support As at 31 December 2024, the charity's nel deficit was £568.95412023'. surplus £690,522). The chanty's total assets less liabilities were £3,159,84812023.. £3,728.802). Al the time of approving the financial statements. the Trustees have a reasonable expectation that the charity has adequate resources lo continue in operational existence for the foreseeable future. Thus the Trustees continue to adopt the going concern basis of accounting In preparing the financial slatemenls. 1.3 Charltable funds Unrestricted funds are available for use at the discretion of the Trustees in furtherance of their charitable objectives. Reslncted funds are subject lo specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial stalements. Endowment funds are subject lo specific conditions by donors that the capital must be maintained by the Chanty.
GURU NANAK DURBAR (SIKH TEMPLE), ERITH & BELVEDERE, KENT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Accountlng pollcies (Contlnued) 1.4 Income Income is recognised when the Charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received. Cash donations and Gift Aid are recognised on receipt. other donations are recognised once the Charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant 15 recognised at the time of the donation. Legacies are recognised on receipt or othejwise if the Charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known. the legacy is treated as a contingent asset. Interest an funds held an deposit is included when receivable and the amount can be measured reliably by the charity. this is normally upon notification of the Interest paid or payable by the bank. Rental income represents amounts receivable from rent charged lo for rooms at temple. 1.5 Expenditure Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation Can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs. including support costs involved in undertaking each activity. Direct costs attributable lo a single activity are allocated directly to that activity Shared costs which contribute to more than one activity and support costs which are not attributable lo a single activity are apportioned beeen those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis oftime spent, and depreciation charges are allocated on the portion of the asset's use. 1.6 Tangible fixed assets Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impaimient losses. Depreciation is recognised so as to write off the cost or valuation of assels less their residual values over Iheir useful lives on the following bases.. Freehold Land and Temple Plant and equipment Motor vehicles 2 % over the life of Ihe Temple - Building 250/0 Reducing balance method 25 /0 Reducing balance method The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset. and is recognised in the statement of financial activities. 1.7 Impairment of fixed assets At each reporting end date, the Charity reviews the carrying amounts of Its tangible assets to determine whether there is any indication that those assels have suffered an impairmenl loss If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). 1.8 Cash and cash equivalents Cash and cash equivalents include cash in hand, deposits held at call with banks. other short-term liquid investments with original maturities of three months or less. and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
GURU NANAK DURBAR (SIKH TEMPLE), ERITH & BELVEDERE, KENT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Accounting policles (Continued) Basic financlal assets Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried al amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rale of interest. Financial assets classified as receivable within one year are not amortised. Basic financial liabilities Basic financial Iiabililies, including creditors and bank loans are initially recognised al transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured al the present value of the fulure payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt Instruments are subsequently carried at amortised cost, using the effective interest rate method. Trade creditors are obligations lo pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less If not. they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method. Derecognition of financial liabilities Financial liabilities are derecognised when the Charity's contractual obligations expire or are discharged or cancelled. 1.9 Employee benellts The cosl of any unused holiday entitlement is recognised in the period in which the employee's services are received. Termination benefits are recognised immediately as an expense when the Charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits. Critical accounting estlmates and Judgements In the application of the Charity's accounting policies, the Trustees are required to make judgements, estimales and assumptions about the carrying amount of assets and liabilities that are not readily apparenl from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these eslimales. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods. Key sources of estimatlon uncertainty Useful economlc Ilves of tsngible assets Management reviews Ihe useful lives and residual values of the tangible assets on a regular basis. During the financial year, the directors determined no significant changes in the useful lives and residual values.
GURU NANAK DURBAR (SIKH TEMPLE), ERITH & BELVEDERE, KENT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Income from donatlons Unrestricted Restrlcted funds funds 2024 2024 Total Unrestricted Restrfcted funds funds 2023 2023 Totsl 2024 2023 Donations and gifts 912.969 912,969 808,427 33,241 841.668 Donations and gifts Donalions Gift aid Other 709,968 203.001 709.968 203,001 713,932 51,006 43,489 44.517 758,449 51,006 32,213 (11,276) 912,969 912.969 808,427 33,241 841,668 Income from charltable actlvitles Unrestricted Fund 2024 Unrestrlcted Fund 2023 Charitable Income Rental income Other income 12,600 431. 15,750 63 13.031 15.813
GURU NANAK DURBAR (SIKH TEMPLE), ERITH & BELVEDERE, KENT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Expendlture on charitable actlvitles CharitableDepreclation Expenditure 2024 Totsl CharitableDepreclatlon Expenditure 2023 Totsl 2024 2024 2023 2023 Dlrect costs Staff cosls Depreciation and impaiment Direct charitable costs 39,690 39.690 29,495 29,495 1308266 1308266 143,542 38,946 24,652 86,507 143,542 86,507 183,232 1308266 1491498 116.002 38,946 154,948 ]# Share of support and governance costs (see note 6) Support 3,456 Governan 3,456 2,820 9,161 2,820 9.161 186.688 1308266 1494954 127,983 38,946 166,929 Analysls by fund Unreslncted funds Reslricled funds 186,688 115,679 12,304 38.946 154,625 12,304 186,688 13082&8 1494954 127.983 38,946 166,929 Support costs allocated to actlvllles 2024 2023 Legal & Accountancy Administration Governance costs 3.024 3,456 2,274 2,820 6,887 6,480 11.981 Analysed between: Charitable Expenditure 6.480 11,981 Governance costs relate to payments to auditors for audit fees. Management and administration felale to printing and stationery costs and bank charges.
GURU NANAK DURBAR (SIKH TEMPLE), ERITH & BELVEDERE, KENT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Net movement In funds 2023 2022 The net movement in funds is stated after chargingl(crediting)'. Fees payable for the audit ofthe chanty's financial statements Depreciation & Impairment ofowned tangible fixed assets 6,887. 38.946 1300522 Trustees None of the Trustees (or any persons connected with them) received any remuneration or benefits from the Charity during the year. None of the Trustees (or any persons connected wth them) were reimbursed for expenses from the Charity during the year. Employees The average monthly number of employees during the year was.. 2024 Number 2023 Number Priest Employment costs 2024 2023 Wages and salaries 39,690 29.495 There were no employees whose annual remuneration was more than £60,000. 10 Taxatton The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.
GURU NANAK DURBAR (SIKH TEMPLE), ERITH & BELVEDERE, KENT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 11 Tangible flxed assets Freehold Land and Temple Plant and equipment Motor vehicles Totsl Cost At 1 January 2024 Additions Disposals 3,764.355 724,162 (9982501 64,860 15,500 3,844,715 724,162 (998250) At 31 December 2024 3,490,267 64,860 15,500 3,570,627 Depreclation and Impairment At 1 January 2024 Depreciation & impairment 169.190 289,770 24,135 10,181 6,218 2.321 199,543 302,272 At 31 December 2024 458,960 34,316 8,539 501.815 Carrying amount At 31 December 2024 3,031,307 30.544 6,962 3,068,812 At 31 December 2023 3,595,165 40,725 9,282 3,645,172 12 Credltors: amounts falllng due within one year 2024 2023 Other creditors 12,325 6,887 13 Restricted funds The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used. At 1 January 2024 Incoming resources Resources expended At31 December 2024 32.213 (32,213) Previous year.. At 1 January 2023 Incoming Resources resources expended At31 December 2023 11.276 33,241 {12,304) 32,213 The Restricted funds relate lo specific donations received for the Temple's building fund
GURU NANAK DURBAR (SIKH TEMPLE), ERITH & BELVEDERE, KENT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 14 Unrestrlcted funds The unrestricted funds of the charity comprise the unexpended balances of donations and granls which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes. At31 December 2024 At 1 January 2024 Incomlng resources Resources expended General funds 3,696,589 926,000 1.462,741 3,159.84 Prevlous year: At 1 January 2023 Incomlng resources Resources expended At31 December 2024 General funds 3,026,974 824.240 1154,625) 3,696,589 15 Analysls of net assets between funds Unrestrlcted funds 2024 Restrlcted funds 2024 Totsl 2024 At 31 December 2024: Tangible assets Current assetsl(liabililiesl 3,068.812 91,036 3.068,812 91,036 3.159,848 3,159,848 Unrestrlcted funds 2023 Restrlcted funds 2023 Total 2023 At 31 December 2023: Tangible assets Current assetsl(liabililies) 3,645,172 51,417 3,645,172 83,630 32,213 3,696,589 32,213 3,728,802 16 Capltal commltments 2024 2023 Temple construction 1,250.000 2,000,000
GURU NANAK DURBAR (SIKH TEMPLE), ERITH & BELVEDERE, KENT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 17 Related party transactlons There were no disclosable related party transactions during the year {2023- none) 18 Cash generated from operatlons 2024 2023 Surplus (Deficit) for the year 1568,9541 690,552 Adjustments for. Depreciation and impairment of tangible fixed assets 1,300.522 38,946 Movements in working capital. (Decreasellincrease in creditors 5,438 Cash generated from operatlons 737,OC 729,498 19 Analysls of changes In net funds The Chanty had no debt during the year. 20 Comparallve Information Comparative figures for the prior period have been reclassified to align with the current period's presentation format. This reclassification ensures consistency and clanty in the financial statements.