GURU GOBIND SINGH GURDWARA, BEDFORD 152-156 Bedford Roa Kempston, Bedford, MK42 8BH RegRstered Charity Number: 1078040 ANNUAL REPORT AND ACCOUNTS For the year ended 31° October 2024
Registered ChArity No. . 1078040 Guru Gobind Sin h Gurdwara Bedford ANNUAL REP RT FOR THE YEAR ENDED 31" OCTOBER 2024 CONTEN'TS Page Annual Report 2to5 Independent Examiner's Report Statement of Financial Activities Balance Sheet Notes to Financial Statements 9t014
Registered Charity No. . 1078040 GURU GOBIND SINGH GURDWARA BEDFOIiD AhNUAL REPORT FOR THE YEAR ENDED 31ST OCTOBER 2024 The Trustees present their annual rq)ort & accounts (financia] statements) for the year ended 31° October 2024. Nae ofcharity: Gurn Gobind Singh Gurdward Registered Charity No: Registered Addre55: 1078040 152-156 Bedford Road, KeMpstO Bedford. MK42 8BH Governing Document: Trustees: Constitution The following per50DS served as Members of the Committee (Managing Trustees) of the Guru Gobind Singh Gurdwara during the year to 31° October 2024: i) Mr. Gumam S Sucha 2) Mr. Parnijit S Sohal 3) Mr. Sarwan Singh 4) Mr. Gurmit S KalLraA 5) Mr. Hardev Singh 6) MT. Balwant S Gill 7) Mr. Gurdial S Mander 8) Mr. Gian S Sidhu 9) Mr. Ranjit S Sohal 10) Mr. Balbir S Randhawa li) Ms Jasminder K Sagoo 12) Mr. GurchaTan S Rai 13) Mr. Kulvinder S Klair 14) Mr. Gurcharan S Kalirai 15} Mr. Balbir S Dhindsa 16) Mr. Gurniukh Singh 17} Mr. BalwiDdeT Singh Momi 18) MT. GurchaTan Singb SadlwaI 19) Mr. K&shmir Singb Dbillon 20) Mr. Gurcharan Singb Atwai 21) Mr. Ashispal Singb 22) Mr Rai BehaduT Singh 23) Mr. Perniinder Singh RAI - President - General Secretary - Tre&surer - stsge Secretary - Vic¢ President - Committee M¢mbeT - Committee Member - Committee Member - Comrnittee Member - Comtnittee Member - Committee Member - Committee Member - Committee Member - Committ¢¢ Member - Committ¢e M¢mb¢r - Committe¢ Mm)b¢r - Commtttee Member - Committee Member . Con)mittee Member - Con]mittee Member - Committee Member - Committee Memb¢r - Cotnrnittee Member Ill addition to the abov4 the following members act as SpeciaI Holding (Custodian) Trwees of the Charity. in whose Dames all Gurdwara properties are bestowed and transacte(L i) 2) 3) Mr. Shaminder Singh Garcha Mr. Kaskullir Singb Basra Mr. Mohiuder Siugh Sohal Mr. Ranbir Singh Kalirai
Regislered Charity No. . 1078040 GURU GOBIND SIYGH GURDWARA BEDFORD ANNUAL REPORT FOR THE YEAR ETfvED 315f OCTOBER 2024 Bankers: SantsndeT UK Plc. PO Box 382. Prescot Streei Li)ndon E18RP Aceountantsllndependent Hallbrookes (Accountancy) Limited Ey2miners: 14 Elstow Roa(L Bedford MK42 9LA
Registered Charity No. . 1078040 GURU GOBIND SINGH GURDWARA BEDFORD ANNUAL REPORT FOR THE YEAR ENDED 31- ocfoBER 2024 Structure Governance ¥nd Mana ement The charity is an unTncoryJorated organisation. It is governed by the regulations set out in its constitution. New Board metnbers ar¢ ¢lected every iwo Yea ai thc AnTkual Generdl Meeting (AGM). The management board is aware of the entIal TÉsks to the charity. includillg financial risks, and has implernenled strategies to Control or minitDiSC thesc risks. Assessments have been undertaken of the major risks. governance and compliance with law and regulations. Ob'ectfives and Aetivities for the Public Benefit The GU Gobind Singh Gurdwara has been in existence since 15 November 1988 88 a Place of Worshiplcotnmunity Ccntrc for thc Sikh Community. Objects: The objccts oftbe Gurudwara (Chatity) aTe to advance. pennit and propagate the Sh reIigion in Bedford and surroundiDg ar (a Pla of W0h1p), by celebrating the principal Sikh Religious Festivals. by extendmg a welcome to all Stkhs newly arriv in or visiling BedfoT4I and to manage the Gurdwara in accordance with Sikh tenets and local Government ndes and regulations. The chariry's ttustees have regarded that the seryices undcrtaken do bencfit the publi¢. All the charitablc activities foc5 on the advanc¢n)ent of tbe Sikb religio ¢ouu5elling advice and infoTttL3tion to the cotllmunity. Aehlevements and Perfornianee All the objects listed above were catrted out to the fullest by the tsusiees tn Ibe year to 31 Octobtr 2024. Some improvcments to the Gurdwara bUiJd8 were llde. these included painting and improvements to the heating system. The Gurdwara also made donations to help local hospitsl and 4)ther worthy charities. The Gurdward acquired two properties next their existing premises. The new properties are at 162 and 164 Bedford Road. The new propenies will greatly expa1 the existing car parking capacity and be an enabler in the planned modernisation and expansion of the Gurdward. Financi Revie The clwitable organisation services are rnaitLly reliant on voluntsry income from the congregatio A sumtw statement of the financial activities for the yeaJ is shown in the attached accounts. This shows that tothl tncome was £236.062 and after expenses the net surplus of £156,034 was added to resetves. The Gvrdvrnra's policy is to maintain suffi¢i¢th cash flow for known conjmiknents and rLU]ning costs for the next 12 months. Plan$ for future erlods and Public Benefit To Ca out all the objects as outlined in the constitiOn to thc fullest extent. To make rther improvements to the Gurdwara butlding, in particular to thc bukldiDg security. aDd bcating and energy cfficicncy systcms. To examine ways of enlarging and modernising the Gurdwara entrdnce, toilew lallgar hall. lift and kitchen facilitie5.
Registered Charity No. . 1078040 GURU GOBIND SINGH GURDWARA BEDF ANfrfuAL REPORT FOR THE YEAR E)DED 31 OCTOBER 2024 Statement of Trustees, Res onslblllties The tnLStees are responsible for preparing the Trustees, Report and the financial slatements in accordance with applicabl¢ law and Uniled Kingdom Accounting Standards. The tnleeS are required by law to prepare accounts for each financial year, which give a true and fair view of the fmancial activities of the charity and its financial position at the end of that year. In preparing these financial ststements, the tTUStees are required to: select suitable accounting policies and then apply them coosistenLIy" make judgments and estimates thal are reasonable and prudent" slate whether accouuting stalldards and ststemenl of iewu]mended Practi have be¢ll followed subject lo any material departures disclosed and explained in the accounts" prepare the financial statements on the going CODC¢rn basis unless it is inappropriate to presume that the charity will continue in operdtio The knstees are responsible for keeping Proper accounting records thai disclose with reasonable accuracy at any titne the fAnan¢ta] position of charity and to enable them to ensure that financial statements comply with the Clwities Act 2011. the applicable Charities (Accounts and Reports) Regulations. They are also responsible for safeguarding the a&sets of the cbarity and hence for taking reasonable steps for the prevention and ddedion of fraud and other irregularities. In so far as the trusiees are aware- there is no relevant inforniation of which the charity's examiners are unaware" and the trstees have taken all steps that they ought to have taken to make thernselves aware of any rclevant infoTmation and to esrablish that the examiners are aware of that inforrnation. Ateountants Messrs. Hallbrookes (Accountancy) Limited are willing to continue in office as AOUntsnts/lndtptlldellt Examiners for the ensuing year 202412025. Approval This report was approved by the trustees on .......... .... QLC . and signed on their behalf. am Singb Sucha) (Chairn]an) (Mr. Sarwan Singh) (rreasurer)
Registered Charllty No. . 1078040 URU GOBIND SINGH GURDWARA BEDF A'D*,uAL REPORT FOR THE YEAR EED 31ST ocroBER 2024 INDEPETrlDE'T EXLIIINER'S REPORT To the Trustees of the Guru Goblnd Singh Gurdwara. Bedford: We re[ on the accounts of the Guru Gobind Singh Gurdwara Charity for the year ended 31. October 2024. Respective Responsibilities of Trustees and Examiuer The charity's Trustees consider that an audit is not required for this year (under section 144 of the Charities Act 2011 (the Act) and that an independent examination is needed. It is my responsibility to: ¢xan]ine th¢ Counts (under section 145 of the 2011 Act): follow tbe procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of th¢ 2011 Act). and to State whether particular matters have come to my attention. Basis of Independent Examxller's Report My examination w&8 carried out in accordance with the General Directions given by the Clwity Commissioners. An examination includes a review of the accounting records kept by the chaTity and a comparison of the accounts presenfrd with those records. It also includes considerntion of any unusual ffttems or disclosures in the accounts and seekÈng explanations from you as Trnstees concerning any such matters. The procedures undertaken do not Provide all the evidence that would be required in all audiL and consequently I do not provide an audit opinion on the view given by the accounts. Independent Examlner's Statement In the COUTse of my examinatio no matter has com¢ to my att¢Dtion: (l) which gives me reasonable cause to believe that io any material respecL the TnLStees have not met the r4lliTnCDts to ensure that: proper accountillg COrdS kept (in accordance with section 130 of the 2011 Act). and accounts are prepar¢d which agree with the accounting records and comply with the accounting requ1ments of the 2011 ACL or {2) to which. in my opinion. attention should be drawn in order to enable a proper understanding of the accounts to be reached. Harvinder Kaur Josan BA (Hons) FCCA Hallbrookes {Accountan¢y) Limited 14 E15tow Road B¢dford, MK42 9LA Ernail: seryices hallbrookes.com
Registered Charity No. . 1078040 GURU GOBIIYD SIGH GURDWARA BEDFORD StAtem¢nt of Flnanclal Activities- Ye*r ended 31$1 October 2024 INCOME AND EXPEVL DITURE estrict Total Funds unds Notes 3111012024 3111012024 3111012024 Tot21 Fun 3111012023 Income Donations atLd LEgacy Other Income 118.148 117,914 118.148 117.914 98.502 27.284 Total Incoming Resources 236 062 Resources Espended Expenditure on rnising fi]nds Charitable Ac¢ivlties: (includes governance costs) 80.028 80.028 57.083 Total Resources Expended Net Movements In Funds 156.034 156.034 68.703 Fund5 at 315t October 2023 1554,084 1,554,084 1,485,381 Total Funds at 31st October 2024 13 1,710.118 l 7111.118 1554 084
Registered Chydrity No. . 1078040 GURU GOBIND SINGH GURDWARA BEDFORD BALANCE SHF.ET as at 315t October 2024 2024 2023 'otes Fixed Assets Tangible Assets Investsnent Property 1,230.115 878,832 2.108.947 1.426.343 1,426343 Current Assets Stocks Debtt)rs and Prepayments Cash at Bank and in Hand 550 29,265 66.618 96.433 505 30,512 171,159 202.176 Creditors: amounts due within one ear io 2262 1.935 Creditors: gmount due after more than ne 493,000 72,5LK) Net Current Assets/{Liabilities) (398.829) 127,741 Net Assets 13 1,710,118 1.554,084 Financed b Rcstricted Funds Genernl Fut)ds 1,710,118 1.554.084 Total Funds 14 1.710,118 1,554,1184 Approvedby us on.............. ZOL . forand on behalf of all the te¢& . Gurnam Singh Sucha) (Chai[llll) (Mr. Sanvan Singh) ITteasurer}
Registered Charity No. . 1078040 GURU GOBIND SINGH GURDWARA BEDFORD NOTES to the Finaneial StatemeDts for the Year ended 3151 October 2024 i) ACCOUKnNG POLICIES Basis of re These accounts (financial ststements) have been preparcd under the historical cost conveniion. The fllJancia] statements have been prepared in accordance with tbe StatemeDt of Recommended Practice: Accounting and Reporting by Chan"ties (FRS 102) and the Charities Aci 2011. The accounts (finaz)cial statements) have becn prepared to give a and fair- view and have dcparted from the Charities (A¢¢ounts and Rep)rts) Regulations 2008 only to the extent required to provide a'true and fair vieNrf'. Incomi Resources Incoming resourc&s arc Tecognised in the slaiemcnl of financial activities wben entiilement has p&85ed to the Charity and thc arnounts are ccrtaill an(L measurable. Any incomtng reurCeS re¢eiv¢d that relate exclusively to fUtte periolts ore deferred on th¢ Balance Sheet. sourc Expcnditure is recognised In the statement of fiuancial activities wben a liability is incurred or increased w[th0 a commensurnte increas¢ in recognised assets or a reduction in liabilities. All expenditure is accountrd on aD aCcnlS basis. AllocalTon of Co Direci Activity Costs comprise those costs that contribute ¢Jirecily io an acttvity and are allocated to the relevant activity. Supwrt Costs comprise those costs that are Dectssary ty deliver an activity but in themselves do not produce or deliver an activtty. Governancc Costs a those costs incU¢d to meet statutory aud constitutional Tequir¢ments. FuniLq (a) UTrrestrictcd funds. Nvhich are credited to the Income and Expenditure accounts are nOrnllY expendable at the di5ctiOn of the manageo)enL (b) Restricted funds, which are for specific putpose declared by the donors and are credited to the Income and Expenditure account when received and debited to the Same accouDt when pai(L (c) DeSignad funds represent funits set asidc by the trusttts for specific purposes. recialion Depreciation is calculated so as to write off th¢ cost of taogible fixed assets on a reducing balance ov their useful lives. The rates applied are as follows: Office UIpMent Fixtures & Fittings 150/0 on rbb The land b&8 not becn depr181¢
Registered Charity No. . 1078040 GURU GOBtND SINGH GURDWARA BEDFORD NOTES to the Financial Statements for the Year ended 31" Oetober 2024 Investments Pro Investment Properties are propertics held io earn rental income andfor foT capital appreciation. Inves¢meTht properties are measurcd initsally at cost and subsequcntly at fair Wdlue at each reporting date, with changes in fair value recognised in the Staiement orrmanciai Aciivities. es Detail Values The charity investment property portfolio comprises: 158 Bedford Road 162 Bedford Road 164 Bedford Road Income Generation During the ycar, the investtnent properties geneTat¢d reot21 income of £33.733. TatIon.. The or8anisation is exempt from tax on its charitable activitie 2024 2023 Donadons and l acles General DonatlOn5 Gift Aid 108,448 9.700 89,002 9.51X) 118.148 3) Other Income ReDI Rcccivcd (02) Rent Received (Aaron & Co) Fair Value adjustm¢Dt 158 Bedford Rd 22.997 10.736 10,736 1286 78,167 6.014 Interest Received 5262 117914 27 io
Rewtered Charity No. . 1078040 GURU GOBIND SIN RDWARA BEDFORD NOTES to the Financial Statements for the Year ended 31st October 2024 continued... 4) TOTAL RESOURCES EXPENDED Basts of Reli 2]Iation Services Total 2024 TotAI 2023 Costs direct allocated to activities Salartes Costs Repairs. Renewals and Cleaning SundrieslFoodlFireworks LkghrlHeal & Waiu Ratcs Religious Function5 Donations Bank Chargcs l Loan lllierest Depreciationaoss 00 disposals Direct DiTect Direct Direct Direct Direci Direct DiTeci 26.7(rf) 6.2 4.633 15,647 4.827 2.100 20 26,760 23.113 6,002 4,801 4.633 4J95 15.647 7.715 4,827 1.080 2.100 4.850 20 2,613 2,613 2,506 ort Costs allocated to acllvldes Premises & Adrninistration Usage 3.530 3.530 2.911 Gener31 office Usage 2,871 2,871 3.607 Legal and Professional Usage 8,819 2,206 1 J,025 2.105 77,822 2306 80,028 57,083 5) NET MOVEMEwfs OF FUNDS FOR THE YEAR This Is st2ted *fter cblr 3111012024 3111012023 Depreciation 2.613 2.506
Registered Charity No. 1078040 U GOBtLYD SIIYGH GURDWARA BEDFORD TES to the Finallcial Statements for the Year ended 3151 October 2024 continued... 6) STAFF COSTS TRUSTEES, REMUNEILATION 3J11012024 3111012023 Staff Costs alld T stee muneration Wages aud Salaries (including Social Security Cos¢s) No employee eamed more than £60.000 per annum. 26.760 23.113 The trustees were not remunerated for the year ended 31° October 2024 except for Teimbursements in certain circumstances. 7) STAFF NUMBERS The average monthly number of employx5 during the year was 2 (2023: 2). 8) TANGIBLE FIXED ASSETS FOR THE YEAR ENDED 31" October 2024 and& Bulldl roi'emeots Fix¢ureslFittin tnent Total Cost blfwd .412.140 112.203 1,524.343 Additions 3,218 3,218 Transfer to Investment Property (196.833) (196,833) Cost at31non024 12J5J07 115,421 I J30.728 Depreelation bifwd Charge for the year 98,(K)O 2.613 98.000 2.613 At 3111012024 100,613 100.613 Net Book Vlle At 3111012023 1.412.140 1315J07 14.203 14,808 1,426,343 133ffjJ 15 At 3111012024 12
Registered Charity No. . 1078040 GURU GOBIND SINGH CURDWARA BEDFORD NOTES to the Financial Statements for the Year ended 3111012024 ontinued...I 9) Investment Pro Fglr Value As at 0111 I12023 162 & 164 Bedford Road. purchased during the year Transfer of 158 Bedford Road from laod a]Jd buildillgs Revaluation of158 B¢dford Road 603,832 l96,833 78.167 As at 3111012024 87&832 The followitig proptrtics have beett shown &$ investmenl properties: 158 Bedford Road 162 Bedford Road 164 Bedford Road 158 Bedford Road was purchased in 2019. valued at £196.833 {includ¢s improvcmcnts). During the year this propertywas classified as investmenl propety and was revalued at £275,000 as ai 3111012024. The Tevalue arnount of £78.167 has bccn 5bowryJ as other inMe. The trustees are of thc opsnion that this amount is rcasoDable. 10) cREDORS. AM0s FALLING DUE WITHTh' NE YEAR 2024 2023 Accruals Other Cr¢ditor5 2.092 170 1,779 156 2262 11) cREDoRs.. AMOUTrTfs FALLtNG DUE AFfER MORE THAN ONE YEAR 2024 023 490.500 70,IKK) Other Creditors 493.000 72.5(X) 13
Registered Charity No. . 1078040 GURU GOBIND SINGH GURDWARA BEDFORD NOTES lo the Finan¢iAI StAtements for the Year ended 3111012024 continued. .] 12) DEBTORS AND PREPAYME 2024 2023 DebtorslPrepayments 29265 30.512 13) ANALYSIS OF IYET ASSETS BETWEEN FUNDS nrestricted Funds R¢stricicd Funds Tangible Fixed Assets Inv¢stm¢nl Property Stock Debtors Cash ai Banklin Hand Cutrent Liabilities 1,230.115 878.832 550 29.265 66.618 (495262) 1230.115 878,832 550 29.265 66.618 (495262) Net Assets as ai 3111012024 1,710.118 1,710,118 14) CAPITAL COMMITMENTS Authorised bui not contracted VEMENTS IN Balance blfivd 3111012023 Resources Balance clfivd Resources ended 3111012024 Restricted Funds Unrestrieted Funds I54.084 236,062 80,028 1,710.118 Total Funds 1,554,084 236,062 80.028 1,710,118 15) GOVERNANCE COSTS The figure of £2.206 is the accountancy costs ftt the organisation All fjmds are used forunrestricted purposes to spendon activities that fi]rth¢r any ofthe purposes of the ¢barity. 14