Registered Charity Number 1071296
The United Sikh Association Guru Gobind Singh Gurdwara
Report and Accounts
For The Year Ended 31 December 2023
Guru Gobind Singh Gurdwara Report and accounts Contents
| Page | |
|---|---|
| Charity's information | 1 |
| Trustee's Report | 2 |
| Statement of trustees' responsibilities | 5 |
| Independent Examiner's Report | 6 |
| Statement of Financial Activities | 7 |
| Income and Expenditure account | 8 |
| Statement of total recognised gains and losses | 9 |
| Movements in Accumulated Funds | 9 |
| Balance sheet | 10 |
| Notes to the accounts | 11 |
| Detailed Statement of Financial Activities | 16 |
Guru Gobind Singh Gurdwara Company Information
Trustees
Karenjeet Kaur Rajwinder Singh Gill Satnam Singh Gurjit Singh Balwinder Singh Bains
President
Gurdial Singh Chatha
Secretary
Harcharan Singh Bains
Accountants
Sidhu & Co 4 Albert Road Queensbury Bradford West Yorkshire BD13 1PB
Bankers
Barclays Bank PLC 10 Market Street Bradford BD1
Solicitors
Avisons Solicitors Carter House 723 Leeds Road Bradford BD3 8DG
Registered office
Gobind Marg (Malvern Street) Bradford West Yorkshire BD3 9JN
Registered number
1071296
1
Guru Gobind Singh Gurdwara
The report of the trustees for the year ended 31 December 2023
Introduction
The trustees present their annual report and accounts for the year ended 31st December 2023. The financial statements have been prepared in accordance with the accounting policies set out on page 6 and comply with the charity's constitution.
The board of trustees are satisfied with the performance of the charity during the year and the position at 31st December 2023 and consider that the charity is in a strong position to continue its activities during the coming year, and that the charity's assets are adequate to fulfil its obligations.
Name, registered office and constitution of the charity
The full name of the charity is Guru Gobind Singh Sikh Temple
| Date of formation | 02 Septmber 1978 |
|---|---|
| The Principal Office is | Gobind Marg, Bradford, BD3 9JN |
| Charity Registration Number | 1071296 |
| The telephone number is | 01274 727938 |
A summary of the objects of the charity as set out in its governing document.
The charity is governed by its constitution and its main objects are:-
(A) To advance the Sikh religion.
(B) To advance education both generally and in the principles of the Sikh faith.
(C) To provide assistance to the poor and needy.
(D) To provide facilities for recreational and social activities.
(E) To run the Gurdwara according to the Constitution.
(F) To propagate Sikhism and Amrit Parchar.
(G) To educate generally in the principles of the Sikh faith, in the relevant language.
(H) To help the faithful who believe in the teachings of the Ten Gurus and the Guru Granth Sahib.
(I) To arrange events for the Sikh Sangat and others for the understanding of the mission and life histories of the Gurus.
(J) To organise events for the celebration of the birth anniversaries and commemoration of the martyrdom days of the Gurus and Sikh festivals.
(K) To arrange weddings and other ceremonies according to Sikh traditions (means Gurmaryada) and the laws of this country.
(L) To support organisations at local, national and international levels which promote harmony and understanding amongst different communities and faith groups.
(M) To support and promote charitable causes for helping the poor and needy around the world.
(N) To organise and encourage the young and the children to take part in Panjabi (Gurmukhi) classes.
(O) To provide day care facilities for the elderly and the disabled; creche provisions for the children under 5 and after school educational facilities in IT, English and Maths for the young aged 6-18 as well as education and training provisions for adults.,
(P) To provide information, advice and guidance and counselling on a range of matters.
(Q) To encourage and promote the elimination of all forms of discrimination.
2
Guru Gobind Singh Gurdwara
The report of the trustees for the year ended 31 December 2023
Achievements and Performance of the Charity
-
The charity is fulfilling its main object of providing a place of worship and other related activities for the local Sikh Community satisfactorily.
-
Religious ceremonies are performed regularly on a daily and weekly basis
-
Punjabi teaching school has approximately 150 students attending regularly.
-
Religious dignitaries are encouraged to lecture or give performances on Sikhism.
-
Provide day care centre facilities for elderly peoples.
Fundraising activities
The charity is financed by voluntary contribution by its members and visitors of the temple. Finances are set to recover from the effect of COVID-19 restrictions, the current year has been fairly successful in meeting its financial objectives in order to provide the regular services. The charity is also able to raise funds in form of gift aid rebate from HM Revenue & Customs.
Structure, Governance and Management Nature of the Governing Document and constitution of the charity
The charity is managed by the office bearers and committee members. The trustees do not take part in the management of the Gurdwara. All the real property of the charity is vested in the trustees and are responsible for the safe custody and conduct of all funds of the Gurdwara.
The methods adopted for the recruitment and appointment of new trustees
According to the contstitution the following considerations are appllicable for the appointment of trustees:-
1.) Five trustees are elected for a period of four years only by the general body of members.
2.) Out of total of five trustees at least one must be female.
3.) Should two or fewer nominations are received, then the election shall be cancelled and the current holding trustees terms of office be extended for a further four years period. 4.) Each trustee must be a home owner.
5.) Each prospective trustee is required to pay non refundable nomination fee of £200. 6.) On the matter of general membership eligibility, only a person who has been attending the Gurudwara regularly for at least two years prior to date of current election will be considered for membership.
The organisational structure of the charity and how decisions are made.
The charity is governed by the Board of Trustees,which is responsible for the policies of the organisations. The trustees meet as frequently as necessary but at least once in two months and delegate the general management of the charity to the management committee. The management committee also meet regularly once every month to deal with routine administrative matters. All major decision are taken in conjunction with the agreement of the Board of trustees.
3
Guru Gobind Singh Gurdwara
The report of the trustees for the year ended 31 December 2023
Financial Review
Policies on reserves
It is the policy of the charity to maintain unrestricted funds at a level which equate to approximately 6 months unrestricted expenditure. This provides sufficient funds to cover management and administration and support costs. Unrestricted funds are maintained at least at this level throughout the year.
Principal funding sources and how expenditure in the year under review has supported the key objectives of the charity.
The Charity is financially sound and will be able to conduct its affairs in order to carry out its objectives for the foreseeable futures.
During the year the charity was sucessful in meeting its contractual obligations against both the comercial and flexible mortgages.
Availability and adequacy of assets of each of the funds
The board of trustees is satisfied that the charity's assets in each fund are available and adequate to fulfil its obligations in respect of each fund.
Transactions and Financial position
The financial statements are set out on pages 7 to 10. The financial statements have been prepared implementing the 2005 Revision of the Statement of Recommended Practice for Accounting and Reporting by Charities issued by the Charity Commission for England and Wales (revised in June 2008) and in accordance with the Financial Reporting Standard for Smaller Entities ( effective April 2008) . Inspite of reduced income due to after effect of COVID-19 restrictions, the trustees consider the financial performance by the charity during the year to have been fairly satisfactory.
The Statement of Financial Activities show net incoming resources for the year of a revenue nature of £664,769 and net realised incoming resources of a capital nature of £273,338 making net overall realised incoming resources of £5,098,084.
The reserves at the year end after accounting for unrealised losses stand at £5,098,084.
A majority of the expenditure is spent on management and administration of the charity.
Specific changes in fixed assets
Changes in fixed assets are shown in detail in the notes to the accounts.
Capital expenditure during the year in respect of (1) land & building, improvments and refurbishments was £562,224 (2) Fixture, Fittings and Equipments was £44,697.19.
4
Guru Gobind Singh Gurdwara
The report of the trustees for the year ended 31 December 2023
Solicitors
Avisons Solicitors Carter House 723 Leeds Road Bradford
Fountain House 4 South Parade Leeds, LS1 5QX
Charity Law requires the Board to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity as at the end of the financial year and of the surplus or deficit of the charity. In preparing those financial statements the Board is required to :-
-
select suitable accounting policies and then apply them consistently;
-
make judgements and estimates that are reasonable and prudent; and
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
-
state whether applicable accounting standards and statements of recommended practice have been followed , subject to any material
-
departures disclosed and explained in the financial statements;
The trustees are also responsible for maintaining proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and which are sufficient to show and explain the charity's transactions and enable them to ensure that the financial statements comply with regulations made under the Charities Act. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable
The trustees are also responsible for the contents of the trustees' report, and the responsibility of the independent examiner in relation to the trustees' report is limited to examining the report and ensuring that, on the face of the report, there are no inconsistencies with the figures disclosed in the financial statements.
Karenjeet Kaur Trustee
5
Guru Gobind Singh Gurdwara
Independent Examiner's Report to the trustees of the charity Report of the Independent Examiner to the trustees on the accounts of the Charity for the year ended31 December 2023
I report on the financial statements of the Charity on pages 7 to 10 which have been prepared in accordance with the Charities Act 1993 and with the Financial Reporting Standard for Smaller Entities (FRSSE), effective January 2007 , adapted to meet the needs of unincorporated organisations, as modified by the Statement of Recommended Practice for Accounting and Reporting issued by the Charity Commissioners for England & Wales, effective April 2005, revised in June 2008, under the historical cost convention and the accounting policies set out on page 11.
Respective responsibilities of trustees and examiner
As described on page 5 , the Charity's trustees are responsible for the preparation of the financial statements. The trustees consider that the audit requirement of Section 43(2) of the Charities Act 1993 (the Act) does not apply, and that there is no requirement in the governing document or constitution of the Charity for the conducting of an audit. It is my responsibility to state , on the basis of the procedures specified in the General Directions given by the Charity Commissioners for England & Wales under Section 43(7)(b) of the Act , whether particular matters have come to my attention.
Basis of opinion and scope of work undertaken
I conducted my examination in accordance with the General Directions given by the Charity Commissioners for England & Wales in relation to the conducting of an independent examination. An independent examination includes a detailed review of the accounting records kept by the Charity and of the accounting systems employed by the Charity and a comparison of the financial statements with those records. It also includes consideration of any unusual items or disclosures in the financial statements , and seeking explanations from you as trustees concerning such matters. The purpose of the examination is to establish as far as possible that there have been no breaches of the Charities legislation and that the financial statements comply with the Statement of Recommended Practice issued by the Charity Commissioners for England & Wales (effective April 2005), on a test basis, of evidence relevant to the amounts and disclosures in the financial statements.
The procedures undertaken do not provide all the evidence that would be required in an audit , and information supplied by the trustees in the course of the examination is not subjected to audit tests or enquiries, and consequently I do not express an audit opinion on the view given by the financial statements, and in particular, I express no opinion as to whether the financial statements give a true and fair view of the affairs of the charity.
We planned and performed our examination so as to satisfy ourselves that the objectives of the independent examination are achieved and before finalising the report we obtain written assurances from the trustees of all material matters.
Independent Examiner's Statement, report and opinion
Subject to the limitations upon the scope of my work as detailed above , in connection with my examination , no matter has come to my attention :
1) which gives me reasonable cause to believe that in any material respect the requirements to keep accounting records in accordance with section 41 of the Act; and to prepare financial statements which accord with the accounting records and to comply with the accounting requirements of the Act or of the Charities (Accounts and Reports) Regulations 2005 have not been met or
2) to which, in my opinion , attention should be drawn to enable a proper understanding of the accounts to be reached.
This report is in respect of an examination carried out under section 43 of the 1993 Act and in accordance with any directions given by the Commissioners under subsection (7)(b) of that section which are applicable.
Sidhu & Co Chartered Certified Accountants 4 Albert Road Queensbury Bradford West Yorkshire BD13 1PB
The date upon which my opinion is expressed is :- 19 October 2023
6
Guru Gobind Singh Gurdwara Statement of Financial Activities for the year ended 31 December 2023
| Notes Incoming resources Incoming resources from generated funds Voluntary Income Activities for generating funds Incoming resources from charitable activities Total incoming resources Costs of charitable activities Governance costs (Wages + Casual) Total resources expended Net incoming resources before transfers between funds Net incoming resources before Other recognised gains and losses Other recognised gains and losses Net movement in funds Reconciliation of funds Total funds brought forward Total Funds carried forward |
Funds Funds Funds Total Funds 2023 2023 2023 2022 £ £ £ £ 659,025 - 659,025 441,321 6,010 - 6,010 11,622 - - - 594 665,035 - 665,035 453,537 293,852 - 293,852 215,233 97,845 - 97,845 67,627 391,697 - 391,697 282,860 273,338 - 273,338 170,677 |
|---|---|
| 273,338 - 273,338 170,677 273,338 - 273,338 170,677 4,824,746 - 4,824,746 4,654,069 5,098,084 - 5,098,084 4,824,746 |
The net movement in funds referred to above is the net incoming resources as defined in the Statement of Recommended Practice for Accounting and Reporting issued by the Charity Commission for England & Wales and is reconciled to the total funds as shown in the Balance Sheet on page 10 as required by the said statement.
All activities derive from continuing operations
The notes on pages 11 to 18 form an integral part of these accounts.
7
Guru Gobind Singh Gurdwara Statement of Financial Activities for the year ended 31 December 2023
Income and Expenditure Account for the year ended 31 December 2023
| Income and Expenditure Account for the year ended 31 December 2023 |
||
|---|---|---|
| Turnover Direct costs of turnover Gross surplus Governance costs (Wages + Casual) Operating surplus Surplus on ordinary activities before tax Surplus for the financial year Gift Aid Payments Retained surplus for the financial year All activities derive from continuing operations |
2023 £ 665,035 293,852 371,183 97,845 273,338 273,338 273,338 - 273,338 |
2022 £ 453,537 215,233 |
| 238,304 67,627 |
||
| 170,677 | ||
| 170,677 | ||
| 170,677 - |
||
| 170,677 | ||
The notes on pages 11 to 18 form an integral part of these accounts.
8
Guru Gobind Singh Gurdwara Statement of Financial Activities for the year ended 31 December 2023
Statement of Total Recognised Gains and Losses for the year ended 31 December 2023
| Statement of Total Recognised Gains and Losses for the year ended 31 December 2023 |
|
|---|---|
| Excess of income over expenditure before realisation of assets Profit per Profit and Loss account Net Movement in funds before taxation |
2023 2022 273,338 170,677 |
| 273,338 170,677 |
|
| 273,338 170,677 |
Movements in revenue and capital funds for the year ended 31 December 2023
| Revenue accumulated funds Accumulated funds brought forward Recognised gains and losses before transfers Closing revenue accumulated funds |
Unrestricted Restricted Total Last year Funds Funds Funds Total Funds 2023 2023 2023 2022 £ £ £ £ 4,824,746 - 4,824,746 4,654,069 273,338 - 273,338 170,677 |
|---|---|
| 5,098,084 - 5,098,084 4,824,746 |
|
| 5,098,084 - 5,098,084 4,824,746 |
|
| £ £ |
| The notes on pages 11 to 18 form an integral part | The notes on pages 11 to 18 form an integral part | of these accounts. | of these accounts. | ||
|---|---|---|---|---|---|
| Summary of funds | **Designated ** | **Unrestricted ** | Restricted | Total | Last Year |
| Funds | Funds | Funds | Funds | Total Funds | |
| 2023 | 2023 | 2023 | 2023 | 2022 | |
| Revenue accumulated funds | - | 5,098,084 | - | 5,098,084 | 4,824,746 |
TheProof line will autohide when the abovstatement of changes in resources applied- for fixed assets(2) for Charity- use is shown(2) in the notesto the accountsagree to the Balance Sheet
The notes on pages 11 to 18 form an integral part of these accounts.
9
Guru Gobind Singh Gurdwara Balance Sheet as at 31 December 2023
| Notes 2023 £ The assets and liabilities of the charity : Tangible assets 6 5,060,964 Total fixed assets 5,060,964 Current assets Stocks & Work in progress 8,546 Debtors 7 1,990 Cash at bank and in hand 246,575 Total current assets 257,111 amounts due within one year 8 (219,991) Net current assets 37,120 Total assets less current liabilities 5,098,084 Creditors:- amounts due after more than one year - Net assets including pension asset / liability 5,098,084 The funds of the charity : Unrestricted income funds Unrestricted revenue accumulated funds 5,098,084 Designated revenue funds - Unrestricted capital funds Designated fixed asset funds - Total unrestricted funds 5,098,084 Restricted income funds Restricted capital funds Total restricted funds - Total charity funds 5,098,084 Karenjeet Kaur Trustee Approved by the trustees on 30 October 2024 The notes on pages 11 to 18 form an integral part of these accounts. |
8,196 643 364,436 |
2022 £ 4,474,320 |
|---|---|---|
| 373,275 | ||
| 4,824,746 - - |
||
| 4,824,746 - |
||
| 4,824,746 | ||
| 4,824,746 - |
||
| 4,824,746 | ||
10
Guru Gobind Singh Gurdwara Notes to the Accounts for the year ended 31 December 2023
1 Accounting policies
Basis of preparation of the accounts
The financial statements have been prepared in accordance with the Financial Reporting Standard for Smaller Entities (FRSSE), effective April 2008 , and all other applicable accounting standards, as modified by the Statement of Recommended Practice for Accounting and Reporting issued by the Charity Commissioners for England & Wales, (revised June 2008) adapted to meet the needs of unincorporated organisations . The accounts have been drawn up in accordance with the provisions of the Charities Acts , and include the results of the charity's operations which are described in the Trustees' Report, all of which are continuing.
Insofar as the Statement of Recommended Practice for Accounting and Reporting issued by the Charity Commissioners for England & Wales, (revised June 2008) requires compliance with specific Financial Reporting Standards other than the FRSSE then the specific Financial Reporting Standards have been followed where their requirements differ from those of the FRSSE.
Accounting convention
The financial statements are prepared,on a going concern basis, under the historical cost convention as modified by the revaluation of freehold land and buildings and fixed asset investments.
The charity is entirely dependent on continuing donations, grants and gift aid rebates and as a consequence the going concern basis is also dependent on the continuing donations, grants and gift aid rebates.
Incoming Resources
Donations, grants and gift aid rebates are accounted for as received by the charity. Where funding is specifically for spending in a subsequent accounting period then the relevant portion is deferred and included within creditors. Incoming resources also includes income from the sale of publications and other items, and hire of kitchen and hall facilities.
Recognition of liabilities
Liabilities are recognised on the accruals basis in accordance with normal accounting principles, modified where necessary in accordance with the guidance given in the Statement of Recommended Practice for Accounting and Reporting (revised June 2008) , issued by the Charity Commissioners for England & Wales .
Fixed assets and depreciation
Free hold properties are not depreciated as the trustees do not consider that there has been any impairment in value.
11
Guru Gobind Singh Gurdwara Notes to the Accounts for the year ended 31 December 2023
2 Winding up or dissolution of the charity
If upon winding up or dissolution of the charity there remain any assets, after the satisfaction of all debts and liabilities, the assets represented by the accumulated fund shall be transferred to the Sharomani Gurdwara Parbandhak Committee, Amritsar, Panjab, India.
| 3 | Surplus for the financial year 2023 2022 £ £ This is stated after crediting :- Revenue Turnover from ordinary activities 665,035 453,537 and after charging:- Depreciation of owned fixed assets 20,277 18,079 Rentals under operating leases 1,316 1,747 Legal & Professional fees 17,172 22,036 |
|---|---|
Funds belonging to the charity have been used for the purchase of insurance to protect the charity from loss arising from the neglect or defaults of its trustees,employees or agents, or to indemnify its trustees,employees or agents, against the consequences of any neglect or default on their part. The sum expended on such insurance was as indicated in the above schedule.
4 Statement that no expenses were paid to trustees or connected persons
No expenses were paid to trustees or persons connected with them.
12
Guru Gobind Singh Gurdwara Notes to the Accounts for the year ended 31 December 2023
| 5 Staff Costs and Emoluments 2023 2022 £ £ Gross Salaries 97,845 67,627 Numbers of full time employees or full time equivalents 2023 2022 Engaged on charitable activities 4 4 There were no fees or other remuneration paid to the trustees There were no employees with emoluments in excess of £60,000 per annum 6 Tangible functional fixed assets Freehold Land and buildings Plant, Machinery & Vehicles Total £ £ £ Asset cost, valuation or revalued amount At 1 January 2023 4,330,138 442,069 4,772,207 Additions 562,224 44,697 606,921 At 31 December 2023 4,892,362 486,766 5,379,128 Accumulated depreciation and impairment provisions At 1 January 2023 - 297,887 297,887 Depreciation on revaluation - - - Charge for the year - 20,277 20,277 At 31 December 2023 - 318,164 318,164 Net book value At 31 December 2023 4,892,362 168,602 5,060,964 At 31 December 2022 4,330,138 144,182 4,474,320 7 Debtors 2023 2022 £ £ Prepaid expenses 1,990 643 Neither the trustees nor any persons connected with them have received any remuneration, either in the current year or the prior year. |
5 Staff Costs and Emoluments 2023 2022 £ £ Gross Salaries 97,845 67,627 Numbers of full time employees or full time equivalents 2023 2022 Engaged on charitable activities 4 4 There were no fees or other remuneration paid to the trustees There were no employees with emoluments in excess of £60,000 per annum 6 Tangible functional fixed assets Freehold Land and buildings Plant, Machinery & Vehicles Total £ £ £ Asset cost, valuation or revalued amount At 1 January 2023 4,330,138 442,069 4,772,207 Additions 562,224 44,697 606,921 At 31 December 2023 4,892,362 486,766 5,379,128 Accumulated depreciation and impairment provisions At 1 January 2023 - 297,887 297,887 Depreciation on revaluation - - - Charge for the year - 20,277 20,277 At 31 December 2023 - 318,164 318,164 Net book value At 31 December 2023 4,892,362 168,602 5,060,964 At 31 December 2022 4,330,138 144,182 4,474,320 7 Debtors 2023 2022 £ £ Prepaid expenses 1,990 643 Neither the trustees nor any persons connected with them have received any remuneration, either in the current year or the prior year. |
5 Staff Costs and Emoluments 2023 2022 £ £ Gross Salaries 97,845 67,627 Numbers of full time employees or full time equivalents 2023 2022 Engaged on charitable activities 4 4 There were no fees or other remuneration paid to the trustees There were no employees with emoluments in excess of £60,000 per annum 6 Tangible functional fixed assets Freehold Land and buildings Plant, Machinery & Vehicles Total £ £ £ Asset cost, valuation or revalued amount At 1 January 2023 4,330,138 442,069 4,772,207 Additions 562,224 44,697 606,921 At 31 December 2023 4,892,362 486,766 5,379,128 Accumulated depreciation and impairment provisions At 1 January 2023 - 297,887 297,887 Depreciation on revaluation - - - Charge for the year - 20,277 20,277 At 31 December 2023 - 318,164 318,164 Net book value At 31 December 2023 4,892,362 168,602 5,060,964 At 31 December 2022 4,330,138 144,182 4,474,320 7 Debtors 2023 2022 £ £ Prepaid expenses 1,990 643 Neither the trustees nor any persons connected with them have received any remuneration, either in the current year or the prior year. |
|---|---|---|
| Plant, Machinery & Vehicles £ 442,069 44,697 486,766 297,887 - 20,277 318,164 168,602 144,182 2023 £ 1,990 |
Total £ 4,772,207 606,921 |
|
| 5,379,128 | ||
| 297,887 - 20,277 |
||
| 318,164 | ||
| 5,060,964 | ||
| 4,474,320 | ||
| 2022 £ 643 |
13
Guru Gobind Singh Gurdwara Notes to the Accounts
for the year ended 31 December 2023
| 8 Creditors: amounts falling due within one year Accrued expenses 9 Analysis of the Net Movement in Funds Net movement in funds from Statement of Financial Activities Net resources applied on functional fixed assets Net movement in funds available for future activities |
2023 2022 £ £ 219,991 22,849 2023 2022 £ £ 273,338 170,677 (606,921) (33,942) |
|---|---|
| (333,583) 136,735 |
| **10 ** | Particulars of Individual Funds and analysis of | Particulars of Individual Funds and analysis of | assets and liabilities representing funds | assets and liabilities representing funds | assets and liabilities representing funds |
|---|---|---|---|---|---|
| funds | funds | funds | Funds | ||
| £ | £ | £ | £ | ||
| Tangible Fixed Assets | 5,060,964 | - | - | 5,060,964 | |
| Current Assets | 257,111 | - | - | 257,111 | |
| Current Liabilities | (219,991) | - | - | (219,991) | |
| 5,098,084 | - | - | 5,098,084 | ||
| £ | £ | £ | £ | ||
| At 1 January 2023 | Unrestricted | Designated | Restricted | Total | |
| Tangible Fixed Assets | 4,474,320 | - | - | 4,474,320 | |
| Current Assets | 373,275 | - | - | 373,275 | |
| Current Liabilities | (22,849) | - | - | (22,849) | |
| 4,824,746 | - | - | 4,824,746 |
14
Guru Gobind Singh Gurdwara Notes to the Accounts for the year ended 31 December 2023
| Voluntary Income Activities for generating funds Costs of charitable activities Governance costs Unrestricted revenue accumulated Analysis of movements in funds Voluntary Income Activities for generating funds Costs of charitable activities Governance costs |
Funds at Movements 2022 in Funds as below £ £ - 659,025 - 6,010 - (293,852) - (97,845) f 4,824,746 - 4,824,746 273,338 as shown in the table above Incoming Outgoing Resources Resources £ £ 659,025 - 6,010 - - 293,852 - 97,845 665,035 391,697 |
Transfers Between funds £ - - - - - - Gains & Losses £ - - - - - |
Funds at 2023 £ 659,025 6,010 (293,852) (97,845) 4,824,746 |
|---|---|---|---|
| 5,098,084 | |||
| Movement in funds £ 659,025 6,010 (293,852) (97,845) |
|||
| 273,338 |
15
Guru Gobind Singh Gurdwara Schedule to the Statement of Financial Activities for the year ended 31 December 2023
Status of this schedule to the Statement of Financial Activities
The schedules on the following pages are required by the disclosure requirements of the Statement of Recommended Practice for Accounting and Reporting issued by the Charity Commissioners for England & Wales, effective April 2005.
As such, they form a part of the accounts required by the Charities (Accounts and Reports) Regulations 2008.
| **Unrestricted ** | Restricted | Total | Prior Period | |
|---|---|---|---|---|
| Funds | Funds | Funds | Total Funds | |
| 2023 | 2023 | 2023 | 2022 | |
| £ | £ | £ | £ | |
| Incoming Resources | ||||
| Voluntary Income | ||||
| Grants, legacies and donations | ||||
| Government and public bodies | ||||
| Incoming resources of a revenue nature | ||||
| Revenue Grants & Donations | 579,140 | - | 579,140 | 397,848 |
| Gift aid rebate | 72,724 | - | 72,724 | 41,473 |
| Total | 651,864 | - | 651,864 | 439,321 |
| Total Grants,Legacies & Donations Received | 651,864 | - | 651,864 | 439,321 |
| Other voluntary income | ||||
| Members' Subscriptions | - | - | - | 2,000 |
| Sponsorship income | 7,161 | - | 7,161 | - |
| Total other voluntary income | 7,161 | - | 7,161 | 2,000 |
| Total Voluntary Income | 659,025 | - | 659,025 | 441,321 |
| Activities for generating funds | ||||
| Fundraising activities | - | - | - | 1,650 |
| Shop income from sale of bought in goods | 2,300 | - | 2,300 | 2,805 |
| Temporary letting and licensing of charitable propert | 3,710 | - | 3,710 | 7,167 |
| Total of activities for generating funds | 6,010 | - | 6,010 | 11,622 |
| Incoming resources from charitable activities | ||||
| Other charitable activities | - | - | - | 594 |
| charitable activities | - | - | - | 594 |
| Total Incoming Resources | 665,035 | - | 665,035 | 453,537 |
| Costs of generating funds | ||||
| Charitable expenditure | ||||
| Management and administration costs | ||||
| in support of charitable activities | ||||
| Employee costs: | ||||
| Training and welfare | 218 | - | 218 | 5,973 |
| Travel and subsistence | 3,302 | - | 3,302 | 725 |
| Motor expenses | 2,913 | - | 2,913 | 2,414 |
| Communal meals | 90,795 | - | 90,795 | 47,245 |
| 97,228 | - | 97,228 | 56,357 |
16
Guru Gobind Singh Gurdwara Schedule to the Statement of Financial Activities for the year ended 31 December 2023
Status of this schedule to the Statement of Financial Activities
The schedules on the following pages are required by the disclosure requirements of the Statement of Recommended Practice for Accounting and Reporting issued by the Charity Commissioners for England & Wales, effective April 2005.
As such, they form a part of the accounts required by the Charities (Accounts and Reports) Regulations 2008.
| Premises Costs Rates, water and service charges Insurance Light and heat Cleaning Premises repairs and renewals General administrative expenses: Telephone and fax Stationery and printing Events - Nagar Kirtan and Gurpurb celebrations Information and publications Hire of equipment Health and safety costs Advertising and PR Bank charges Sundry expenses Professional fees in support of charitable activities Legal & Professional fees Depreciation of fixed assets used for governance Total Support costs Grants paid as shown in the detailed schedule Support costs for grants paid |
Unrestricted Restricted Total Prior Period Funds Funds Funds Total Funds 2023 2023 2023 2022 £ £ £ £ 17,560 - 17,560 11,544 12,090 - 12,090 10,871 70,845 - 70,845 53,177 6,599 - 6,599 5,840 31,714 - 31,714 20,923 |
|---|---|
| 138,808 - 138,808 102,355 |
|
| 2,602 - 2,602 3,111 724 - 724 1,630 2,460 - 2,460 1,838 4,538 - 4,538 3,665 1,316 - 1,316 1,747 357 - 357 - 200 - 200 - 2,084 - 2,084 1,705 266 - 266 210 |
|
| 14,547 - 14,547 13,906 |
|
| 17,172 - 17,172 22,036 20,277 - 20,277 18,079 |
|
| 37,449 - 37,449 40,115 |
|
| 288,032 - 288,032 212,733 |
|
| 5,820 - 5,820 2,500 |
|
| Total Expended on Charitable Activities | 293,852 - 293,852 215,233 |
|---|---|
Governance costs that are not direct management functions inherent in generating funds, service delivery and programme or project work (including management and administration costs)
| Specific governance costs Salaries - Administrative staff Total governance costs |
97,845 - 97,845 67,627 |
|---|---|
| 97,845 - 97,845 67,627 |
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Guru Gobind Singh Gurdwara Schedule to the Statement of Financial Activities for the year ended 31 December 2023
Status of this schedule to the Statement of Financial Activities
The schedules on the following pages are required by the disclosure requirements of the Statement of Recommended Practice for Accounting and Reporting issued by the Charity Commissioners for England & Wales, effective April 2005.
As such, they form a part of the accounts required by the Charities (Accounts and Reports) Regulations 2008.
| Unrestricted Restricted | Unrestricted Restricted | Total | Prior Period | |
|---|---|---|---|---|
| Funds | Funds | Funds | Total Funds | |
| 2023 | 2023 | 2023 | 2022 | |
| £ | £ | £ | £ | |
| A Detailed schedule of grants paid to achieve the objects of the charity | ||||
| 2023 | 2022 | |||
| £ | £ | |||
| Grants to Institutions | ||||
| Grants payable in furtherance of the charity's object | 5,820 | - | 5,820 | 2,500 |
| Total Institutional grants | 5,820 | - | 5,820 | 2,500 |
| Total of all grants paid | 5,820 | - | 5,820 | 2,500 |
Appendices to the Statement of Financial Activities for the year ended 31 December 2023
The following appendices are attached to detail the activity analysis required by the 2005 Revision of the Statement of Recommended Practice for Accounting and Reporting issued by the Charity Commissioners for England & Wales, effective April 2005.
1. Analysis of Total Incoming & Outgoing Resources by Activity
2. Analysis of Total Support Costs by Activity
3. Analysis of charitable expenditure by activity
4. Analysis of grants made by activity
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