2025-04-05-accounts - Gurdwara Sahib Leamington & Warwick

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator. This document is also available as Markdown.

REGISTERED CHARITY NUMBER: 1084702

REPORT OF THE TRUSTEES AND

FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025

FOR

GURDWARA LEAMINGTON AND WARWICK TRADING AS GURDWARA SAHIB LEAMINGTON AND WARWICK SIKIL TEMPLE (COMBINED)

Harendra Kishorlal Shah (FCCA) (Senior Auditor) For and behalfof Shah & Co (Accountants) Ltd Chartered Accountants & Statutory Auditors Cash's Business Centre 1st Floor 228 Widdrington Road Coventry West Midlands CV1 4PB

GURDWARA LEAMINGTONAND WARWICK TRADINGASGURDWARA SAHIB LEAMINGTON AND WARWICK SUKI TEMPLE (COMBINED)

CONTENTSOF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025

==> picture [215 x 154] intentionally omitted <==

----- Start of picture text -----
||||||||| |---|---|---|---|---|---|---|---| |Page| |Reference|and|Administrative|Details|1| |Report|of the Trustees|2|to|5| |Report|of the|Independent|Auditors|6|to|9| |Statement|of|Financial|Activities|10| |Balance|Sheet|11| |Cash|Flow|Statement|12| |Notes|to|the|Cash|Flow|Statement|13| |Notes|to|the|Financial|Statements|I4|to|23| |Detailed|Statement|of Financial|Activities|24|to|25|

----- End of picture text -----

GURDWARA LEAMINGTON AND WARWICK TRADING AS GURDWARA SAHIB LEAMINGTON AND WARWICK SIKILTEMPLE (COMBINED)

REFERENCE ANDADMINISTRATIVE DETAILS FOR THE YEARENDED5 APRIL 2025

CHAIRMAN AND GENERAL SECRETARY B S Sandhar TRUSTEES BS Sandhar S Singh S Matharu GK Purewal G Randhawa TREASURER A Singha PRINCIPAL ADDRESS Tachbrook Park Drive Warwick CV34 6RH REGISTERED CHARITY NUMBER 1084702 STATUTORY AUDITORS Shah & Co (Accountants) Ltd Chartered Certified Accountants & Statutory Auditors Cash's Business Centre 1st Floor, 228 Widdrington Road Coventry West Midlands CVI 4PB BANKERS Lloyds Bank PLC 73 The Parade Leamington Spa CV32 4BB Virgin Money 133-138 New Street Birmingham B2 4JQ

]

GURDWARA LEAMINGTON AND WARWICK TRADING AS GURDWARA SAHIB LEAMINGTON AND WARWICK SIKH TEMPLE (COMBINED) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 5 APRIL 2025

The trustees present their report with the financial statements of the charity for the year ended 5 April 2025. The trustces have adopted the provisions of 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).]

OBJECTIVES AND ACTIVITIES

Objectives and aims

The objectives as detailed in the governing document is to promote the Sikh religion and culture with the guidance of Shri Guru Granth Sahib Ji, the supreme authority and respect to the Akal Takhat by all and/or any of the following means:

(a) By providing and maintaining a Gurdwara Sahib (Sikh Temple) in or near the town of Leamington Spa in the Warwick District for the worship of the Sikh religion by the Sikh Community of the Warwick and Stratford Upon-Avon Districts;

(b) By teaching and educating members of the Sikh Community in the doctrines and practices of the Sikh Religion and, further, by teaching the Sikh Children Punjabi/Gurmukhi and by promoting Sikh Culture;

(c) By preaching and promoting the Sikh Religion and Culture and by celebrating the historical events connected with the Sikh Religion;

(d) By providing for the benefit of the Sikh Community, and the inhabitants of the Warwick and Stratford-upon-Avon Districts, facilities for recreation of other leisure time occupation, in the interests of social welfare and with the object of improving the conditions of[life;]

(¢) By promoting other charitable purposes by making appropriate donations and contributions;

Public benefit

‘The trustees confirm they have complicd with the duty in the Charities Act 2011 to have due regard to the general guidance by the Charity Commission on public benefit. The charity is encouraged that the Charity Commission acknowledges the intangible spiritual benefits that the charity secks to provide.

Leamington and Warwick Sikh Temple promote the Sikh religion and culture by providing a Gurdwara Sahib near the town of Leamington Spa in the Warwick District for the worship of the Sikh Religion by the Sikh Community. The Temple is to provide for the benefit of the Sikh Community and of the inhabitants of the Warwick District facilities for recreation and conference activities. The Temple also provides facilities for improving the condition of lives of people not so fortunate as themselves by providing a place where meals can be taken. The charity supports the teaching and education of the Sikh Temple in the doctrines and practices of the Sikh religion and further to teach the Sikh children Punjabi and to promote the Sikh Culture to all so that they can go on and become valued members of the Sikh Community.

Volunteers

The Charity benefits from significant time donated by volunteers and is indebted to those volunteers for their commitment and support in the provision of service and running of the Gurdwara throughout the year. It is difficult to quantify the time donated by volunteers and therefore the economic value to this contribution which is valuable in the running of the Charity. The holding trustees and management committee ensure that volunteers time is used efficiently and effectively in the smooth running of the Charity.

GURDWARA LEAMINGTON AND WARWICK TRADING AS GURDWARA SAHIB LEAMINGTON AND WARWICK SUSH TEMPLE (COMBINED)

REPORT OF TILE TRUSTEES FOR THE YEAR ENDED 5 APRIL 2025

ACHIEVEMENTS AND PERFORMANCE

Charitable activities

The Charity meets its objectives in the following ways:

(a) Promote a place of worship:

To provide a place of worship of Sikh Religion to the local Sikh Community and non Sikhs alike;

(b) Promote teaching and education:

To promote and educate the Sikh Religion and Culture through classes as well as teach the languages adopted by the Sikh Religion;

To celebrate public religious festivals;

(d) Promote a place of recreation and leisure time:

To provide a regular meeting place for the local Sikh Community and non Sikhs alike;

(ec) Promote other charitable organisations:

‘To make appropriate charitable grants and donations in furtheranceoftheir charitable objectives;

‘The holding trustees are pleased to report that the charity has continued to meet its charitable objectives for the year and the activities continue to provide a public benefit to those who use the Gurdwara not only as a place of worship but also a place to teach and educate Sikh Religion and Culture, celebrate Sikh festivals and use the Gurdwara as a place of recreational and leisure time.

FINANCIAL REVIEW

Financial position

The holding trustees report on the financial results and position of the Charity as set out in the annexed financial statements.

Total incoming resources for the year increased from the previous year mainly due to increased donations from the local community. The charity continues to maintain its commitment to fostering a sense of belonging to the community, which has resulted in strengthening its relationship and motivating them to contribute more. No rent was received from investments during the year.

Increase in total expenditure for the year was primarily due to general operational expenses necessary to maintain the temple’s day-to-day functions, mainly attributable to wages, hall hire and utilities.

The holding trustees consider that the unrestricted funds of the Charity, which includes designated funds, have sufficient resources and assets available that are adequate to fulfil their obligations.

Investment policy and objectives

The Charity's investments are held in accordance with the holding trustees' powers. The holding trustees have the authority to invest in such assets and investments as they see fit, The Charity currently holds cash investments rather than shares or securities in order to provide flexibility in meeting operational requirements.

Reserves policy

‘The trustees intend to maintain a buffer of unrestricted funds at a level of around six months normal expenditure.

A policy has been established whereby the freehold land and buildings and investment properties are represented by a designated fund within unrestricted funds. The remaining unrestricted funds are available for the day to day use towards meeting the objectives of the Charity.

FUTURE PLANS

The Charity will continue to meet its charitable objectives for the foreseeable future.

GURDWARA LEAMINGTON AND WARWICK TRADING ASGURDWARA SAHIB LEAMINGTON AND WARWICK SUSILTEMPLE (COMBINED) REPORT FOR[THE][YEAR] OF[ENDED] THE TRUSTEES[5][APRIL][2025]

STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document

The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.

The charity is an unincorporated association after the adoption of a Constitution dated 26 November 2000. The governing document has been subsequently amended in January 2001, February 2005, October 2011, October 2015 and more recently in May 2021 as approved by the Charity Commission.

Organisational structure

There are currently five holding trustees which will remain in office until the next period of election. Holding trustees are elected at an Annual General Meeting once every five years. The holding trustees serve a term in office for a period of five years from the date of being elected. The Management Committee organise and oversee the election of the holding trustees but no Management Committee member is permitted to stand for election as a holding trustee. At the first meeting the holding trustees are responsible for the assets and investments of the Charity on trust for the Registered Members of[the][Charity.][The][holding][trustees][meet][at][least][once][in][each][calendar][year.]

There are no persons, external to the Charity, who are permitted to appoint holding trustees.

Members of the Management Committee are elected at a Special General Meeting, held on a Sunday within twenty cight days of Vaisakhi in every second year. Members of the Committee serve a term in office for a period of two years from the date of being elected. The board of holding trustees organise and oversee the election of theManagement Committee but no holding trustee is permitted to stand for election as a member of the Management Committee. The Management Committee is responsible for the day to day running of[the][Charity][in][furtherance][the][objectives][set][out][below.] The Management Committee meets at least once a month to consider the proper management of the Charity and_ its activities. Both the holding trustees and management committee are inducted at their first meeting and are encouraged to attend appropriate external training events where these will facilitate the undertaking of[their][ role][and][responsibilities.]

Wider network

The board of holding trustees ensure the Charity is working within best practice of the charity's regulators, the Charity Commission.

Governance and internal control

The holding trustees have implemented a formal risk management process to assess risk and implement risk management strategies. This involves identifying the types of risks the Charity faces, prioritising them in terms of potential impact and likelihood of occurrence, and identifying means of mitigating the risks. As part of this process, the holding trustecs have reviewed the adequacy of the Charity's current internal controls. The close involvement of the holding trustees and members of the management committce and other officials in the day to day running of the Charity is also believed to enhance the internal controls and mitigate risks.

EVENTS SINCE THE END OF THE YEAR

Information relating to events since the end of the year is given in the notes to the financial statements.

STATEMENT OF TRUSTEES' RESPONSIBILITIES

‘The trustees are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) including Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of freland".

==> picture [132 x 12] intentionally omitted <==

----- Start of picture text -----
GURDWABA LEAMINGTON AND WARWICK
----- End of picture text -----

REPORT.OF THE TRUSTEES FOR THE YEAR ENDED § APRIL, 2025

STATEMENT OF TRUSTEES’ RESPONSIBILITIES -continued Charity law requires the trustees to prepare financial statetnenis for each financial year. Under that law, the trustees have ‘ slected to prepare the nancial statements in accordavice with United Kingdom Generally Accepted Accounting Practice a (United Kingdom Accountng Standards and applicable law). t Under charity law the trustees must nat approve she fraacial statements unless they are satisfied that theygive a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charity for that period. in preparing those financial statements, the trustees are Tequired i to . : - select suiteble accounting pelicies and then apply them consistently; o - observe the methods and principles in the Charities SORP; yii -- makeexplainedstate whether judgementsin theapplicable financial and estima‘es statements,acoweniing that arewandards reasonablehaveaad been prudent;followed, subject to any; material; departures disclosed: aieand. é 5 - prepare the financial staiements on the going concern basis unless it is inappropriate to presume that the charity W' 3 continue in business. i ‘The trustees are responsibie for keeping proper acuounting records which disclose with reasonable accuracy at any fume ' ae dranc posien ofthe charity and to enable them to ensure thatthe financial statements comply WA icsie i Act 2011 2 ore Charity (Aceouats and Reports) Regulations 2008. They are also responsible for safe NE sets of the charity and hence for taking reasonable steps for the prevention and detection 0 fraud an s Approved by order ofthe board oftrustees on NGPA RGR nes and signed on its behalf by: : ;

==> picture [373 x 162] intentionally omitted <==

----- Start of picture text -----
BS Sandhar-Trustec prs eee nem
= Si alae allies Se - kaise oe aii eae ss ae ea
—
hae Tae
a |
bs [er] . a
----- End of picture text -----

REPORTINDEPENDENTOF THE AUDITORS TO THE TRUSTEES OF GURDWARA LEAMINGTON AND WARWICK

Opinion

We have audited the financial statements of Gurdwara Leamington and Warwick (the ‘charity') for the year ended S April 2025 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of[Ireland’.]

In our opinion the financtal statements:

give a true and fair view of the state of the charity's affairs as at 5 April 2025 and of its incoming resources and application of resources, for the year then ended;
- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice, including Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland’; and
have been prepared in accordance with the requirements of the Charities Act 2011.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent ofthe charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees’ use of the going concern basis of accounting in the preparation ofthe financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report,

Other information

The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of[the][Independent][Auditors][thereon.]

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters where the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinion: - the information given in the Report of the Trustees is inconsistent in any material respect with the financial statements; or

sufficient accounting records have not been kept; or - the financial statements are not in agreement with the accounting records and returns; or - we have not received all the information and explanations we require for our audit.

REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF GURDWARA LEAMINGTON AND WARWICK

Responsibilities of trustees

As explained more fully in the Statement of Trustees’ Responsibilities, the trustees are responsible for the preparation of the financial statements which give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charity's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so.

REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF GURDWARA LEAMINGTON AND WARWICK

Our responsibilities for the audit of the financial statements We have been appointed as auditors under Section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or crror and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions ofusers taken on the basis of[these][financial][statements.]

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

We obtained an understanding of the charity and identified that the principal risks of non-compliance with laws and regulations relate to the Charity Commission regulations, and we considered the extent to which non-compliance might have a material effect on the financial statements. We also considered those laws and regulations that have a direct impact on the financial statements of the charity or the operations of the charity, and determined that the most significant are those that relate to the Charitics Act 2011, Charity (Accounts and Reports) Regulations and Charities SORP (FRS 102).

As part of an audit in accordance with ISAs (UK), we exercise professional judgement and maintain professional scepticism throughout the audit. We also:

Identify and assess the risks of material misstatements of[the][financial][statements,][whether][due][to][fraud][or][error,] design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion.
Obtain an understanding ofinternal contro! relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the internal control.
Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the trustees.

~ Conclude on the appropriateness of the trustees’ use of going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the charity's ability to continue as a going concern If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of out auditor's report. [lowever, future events or conditions may cause the charity to cease to continue as a going concern.

~ Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation.

We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

There are inherent limitations in the audit procedures described above. We are less likely to become aware of instances of non-compliance with laws and regulations that are not closely related to events and transactions reflected in the financial statements. Also, the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through collusion. A further description of our responsibilities for the audit ofthe financial statements is located on the Financial Reporting Council's website at www.fre.org.uk/auditorsresponsibilitics. ‘This description forms part of our Report of the Independent Auditors.

REPORTOF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF GURDWARA LEAMINGTON AND WARWICK

Use of our report

This report is made solely to the charity's trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charity's trustees those matters we are required to state to them in an auditors’ report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity's trustees as a body, for our audit work, for this report, or for the opinions we have formed.

wae te Kishore Shah (FCCA) (Senior Auditor) For and behalfof Shah & Co (Accountants) Ltd Chartered Accountants & Statutory Auditors Cash's Business Centre {st Floor 228 Widdrington Road Coventry West Midlands CV1 4PB

GURDWARA LEAMINGTON ANDWARWICK ‘TRADING AS GURDWARASUKH TEMPLESATIB (COMBINED)LEAMINGTON AND WARWICK

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 5 APRIL 2025

				5.4.25	§.4.24
		Unrestricted	Restricted	Total	Total
		funds	fund	funds	funds
	Notes	£	£	£	£
INCOME AND ENDOWMENTS FROM
Donations and legacies	4	945,901	-	945,901	873,975
EXPENDITURE ON
Charitable activities	5
Operations of the Temple		596,156	-	596,156	$14,549
‘Ycaching and educational activities		15,492	-	15,492	14,089
Charitable grants and donations		11,886	-	11,886	52,610
Governance costs		26,263	-	26,263	17,573
Other expenditure		204,808	-	204,808	203,048
Total		854,605	-	854,605	801,869
NET INCOME		91,296	-	91,296	72,106
RECONCILIATION OF FUNDS
Total funds brought forward		7,029,087	-	7,029,087	6,956,981
TOTAL FUNDSCARRIED FORWARD		7,120,383	-	7,120,383	7,029,087
CONTINUING OPERATIONS
Allincomeandexpenditurehasarisenfrom	continuing	activities.

The Statement of Financial Activities includes all gains and losses recognised in the year.

The notes form part of these financial statements

TRADING AS[GURDWARA] SIKH[SAHTB][LEAMINGTON] AND WARWICK TEMPLE (COMBINED)

==> picture [338 x 278] intentionally omitted <==

----- Start of picture text -----
||||||| |---|---|---|---|---|---| |5.4.25|5.4.24| |FIXED|ASSETS|Notes|£|£| |Tangible|assets|12|6,561,270|6,744,331| |Investment property|13|500,000|500,000| |7,061,270|7,244,331| |CURRENT|ASSETS| |Debtors|14|4,428|18,178| |Cash|at bank and|in hand|966,563|733,027| |970,991|751,205| |CREDITORS| |Amounts|falling due|within one year|1S|(113,966)|(93,171)| |NET CURRENT ASSETS|857,025|658,034| |TOTAL|ASSETS LESS CURRENT| |LIABILITIES|7,918,295|7,902,365| |CREDITORS| |Amounts|falling due after more than one year|16|(797,912)|(873,278)| |NET ASSETS|7,120,383|7,029,087| |FUNDS|20| |Unrestricted funds|7,120,383|7,029,087| |TOTAL FUNDS|7,120,383|7,029,087|

----- End of picture text -----

TheACfii ncjal ACT. ToneStatements and werewere signedapproved on its behalfby the by: Board of Trustees and authorised for issue on

LE wud BS Sandhar - Trustee

Sctod Male. S Matharu - Trustee

The notes form part of these financial statements

GURDWARA LEAMINGTONAND WARWICK TRADING AS GURDWARA SAHIB LEAMINGTON AND WARWICK SIKH TEMPLE (COMBINED)

	SIKH TEMPLE (COMBINED)
	CASHFLOWSTATEMENT
	FOR THE YEAR ENDED 5APRIL	2025
		5.4.25	5.4.24
	Notes	£	£
Cash flows from operating activities
Cash generated from operations	]	389,802	506,176
Interest paid		(63,754)	(42,066)
Net cash provided by operating activities		326,048	464,110
Cash flows from investing activities
Purchase oftangible fixed assets		(21,747)	(51,513)
Net cash used in investing activities		(21,747)	(51,513)
Cash flows from financing activities
Loan repayments in year		(70,765 )	(70,195)
Net cash used in financing activities		(70,765 )	(70,195)
Change in cash and cash equivalents	in
the reporting period		233,536	342,402
Cash and cash equivalents at the
beginning of the reporting period		733,027	390,625
Cash and cash equivalents at the end	of
thereportingperiod		966,563	733,027

The notes form part of these financial statements

GURDWARA LEAMINGTON AND WARWICK TRADINGAS GURDWARA SAHIB LEAMINGTON AND WARWICK SUKH TEMPLE (COMBINED)

NOTES TOTHE CASH FLOW STATEMENT FOR THE YEAR ENDED5 APRIL 2025

RECONCILIATION OF NET INCOME TO NE'F CASH FLOW FROM OPERATING ACTIVITIES

	5.4.25	5.4.24
	£	£
Net income for the reporting period (as perthe Statement ofFinancial
Activities)	91,296	72,106
Adjustments for:
Depreciation charges	204,808	203,048
Interest paid	63,754	42,066
Decrease in debtors	13,750	198,054
Increase/(decrease) in creditors	16,194	(9,098)
Netcashprovidedbyoperations.	389,802	$06,176

ANALYSIS OF CHANGES IN NET (DEBT)/FUNDS

	At 6/4/24	Cash flow	At 5/4/25
	£	£	£
Net cash
Cash at bank and in hand	733,027	233,536	966,563
	733,027	233,536	966,563
Debt
Debts falling due within	year	(70,433 )	(4,601)
Debts falling due after 1 year	(873,278)	75,366	(797,912)
	(943,711)	70,765	(872,946)
Total	(210,684)	304,301	93,617

‘The notes form part of these financial statements

TRADING ASGURDWARAGURDWARALEAMINGTONSAHIB LEAMINGTONAND WARWICKAND WARWICK SH TEMPLE (COMBINED) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025

GENERAL INFORMATION

Gurdwara Leamington and Warwick is an unincorporated association and a registered charity regulated by the Charity Commission for England and Wales. The charity's registered number and registered office address can be found on the Reference and Administrative Details page of these financial statements.

ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (RS 102) ‘Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charitics preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019), Financial Reporting Standard 102 "lhe Financial Reporting Standard applicable in the UK and Republic of Ireland’ and the Charities Act 2011. The financial statements have been prepared under the historical cost convention, as modified by the revaluation of[certain][assets.]

Going concern

The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern

The trustees acknowledge that given the current rapid changing business and social environment, there are likely to be significant unknown factors which may present themselves. Such factors are considered by the trustees to represent a general inherent level of risk in relation to the going concern assumption which is not quantifiable at this time.

The trustees believe that the charity can mect its liabilities as they fall due and at the date of approving these fmancial statements, the trustees consider the going concern assumption to be still appropriate. As such the financial statements have been prepared on this basis.

Income and endowments

Voluntary income including donations, gifts, legacies and grants that provide core funding or are of a general nature is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Donations and legacies

Donations and legacies are recognised on a receivable basis when receipt is probable and the amount can be reliably measured.

Gift aid

Incoming resources from tax reclaims are included in the Statement of Financial Activitics on a receipts basis.

Government grants

Government grants are accounted for under the accruals method as permitted by FRS 102. Grants of a revenue nature are recognised in the Statement of Financial Activities in the same period as the related expenditure.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, 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 accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources,

Grants offered subject to conditions which have not been met at the year end date are noted as a commitment. but not accrued as expenditure.

GURDWARA LEAMINGTON AND WARWICK TRADING ASGURDWARA SAHIB LEAMINGTON AND WARWICK SUH TEMPLE (COMBINED) NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 5 APRIL 2025

ACCOUNTING POLICIES - continued

Charitable activities

Charitable activities include expenditure associated with the operation of the temple and the community centre and include both the direct costs and support cost relating to these activities.

Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources. Each activity maintains separate accounting records to enable all costs to be apportioned accurately.

Governance costs Governance costs are those incurred in connection with governance of the charity and its assets and compliance with constitutional and statutory requirements.

Allocation and apportionment of costs

All costs are allocated between the expenditure categories of the Statement of Financial Activities on a basis designed to reflect the use of the resource. Directly attributable costs are allocated by resource, with the balance of expenditure allocated according to the proportion of hours worked on cach resource.

Tangible fixed assets

The capitalisation oftangible fixed asscts is considered on its merits as to whether it is a fixed asset irrespective of value.

Fixed assets are stated at their cost prices, less accumulated depreciation and less amounts recognised in respect of impairments. Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful economic life.

Land - Not depreciated Freehold property ~ 2% on cost Furniture and equipment ~ 15% on reducing balance Motor vehicles - 25% on reducing balance

Freehold property represents the Gurdwara, a functional asset used for charitable purposes by the local Sikh community continuously throughout the year.

Investment property Investment property is carried at fair value determined annually by the trustees based on advice from professional surveyors and derived from the current market rents and investment property yields for comparable real estate, adjusted for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the Statementof Financial Activities.

‘Taxation

The charity is exempt from tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of[the][charity.] Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation ofthe nature and purpose of each fund is included in the notes to the financial statements.

Donations and grants payable

Grants and donations paid are included in the year they are paid for the purpose of promoting the Sikh religion in the local community.

GURDWARA LEAMINGTON AND WARWICK TRADING AS GURDWARA SAHIB LEAMINGTON AND WARWICK SUCH TEMPLE (COMBINED) NOTES TO THEFINANCIAL STATEMENTS - continued FOR TILE YEAR ENDED 5 APRIL 2025

ACCOUNTING POLICIES - continued

Fund accounting

Irrecoverable value added tax Irrecoverable VAT is charged against the category of resources expended for which it was incurred.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged 1o the Statement of Financial Activities on a straight line basis over the period ofthe lease.

Pension costs and other post-retirement benefits

The charity utilizes Creative Pension Trust, a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. Contributions payable to the pension scheme are charged to the Statement ofFinancial Activities in the period to which they relate.

Cash and cash equivalents

Cash and cash equivalent comprise cash at bank and in hand that are readily convertible to a known amount of cash and are subject to an insignificant risk to changes in value.

Borrowings

Bank loans are initially recorded at fair value, net of transaction costs and subsequently carried at amortised cost using the effective interest method. Interest expense is recognised on the basis of the effective interest method and is included as bank loan interest. Bank loans are classified as current liabilities unless there is an unconditional right to defer settlement of[the][liability][for][at][least][twelve][months][after][ the][balance][sheet][date.]

CRITICAL ACCOUNTING JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY

‘The charity makes estimates and assumptions concerning the future. The trustees are also required to exercise judgement in the process of applying the charity's accounting policies. Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilitics within the next financial year are addressed below.

In preparing these financial statements, the trustees have made the following judgements:

Investment property:

Critical estimates, assumptions and judgements relate to the determination of the carrying value of investment property at fair value through the Statement of Financial Activitics. In determining this, the charity applies the overriding concept that fair value is the amount for which an assct can be exchanged between knowledgeable willing parties in an arm's length transaction. ‘The nature, facts and circumstances of the investment drives the valuation methodology.

GURDWARA LEAMINGTON AND WARWICK TRADING AS GURDWARA SAHIB LEAMINGTON AND WARWICK SIKH TEMPLE (COMBINED)

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 5 APRIL 2025

==> picture [329 x 81] intentionally omitted <==

----- Start of picture text -----
||||||| |---|---|---|---|---|---| |4.|DONATIONS|AND|LEGACIES| |5.4.25|5.4.24| |£|£| |Donations|673,366|628,444| |Donation|boxes|-|Golak|248,595|227,293| |Gift|aid|506|598| |Other|income|13,095|11,337| |Interest|income|10,339|6,303| |945,901|873,975|

----- End of picture text -----

CHARITABLE ACTIVITIES COSTS

==> picture [309 x 235] intentionally omitted <==

----- Start of picture text -----
||||||||| |---|---|---|---|---|---|---|---| |Grant| |funding|of| |activities|Support| |Direct|(see|note|costs|(sce| |Costs|6)|note|7)|Totals| |£|£|£|£| |Operations|ofthe|Temple|$29,080|-|67,076|596,156| |Teaching|and|educational|activities|15,492|-|-|15,492| |Charitable|grants|and|donations|-|11,886|-|11,886| |Governance|costs|-|-|26,263|26,263| |544,572|11,886|93,339|649,797| |GRANTS|PAYABLE| |5.4.25|5.4.24| |£|£| |Charitable|grants|and|donations|11,886|52,610| |SUPPORT|COSTS| |Governance| |Finance|costs|Totals| |£|£|£| |Operations|of|the|Temple|67,076|-|67,076| |Governance|costs|-|26,263|26,263| |67,076|26,263|93,339|

----- End of picture text -----

GRANTS PAYABLE
SUPPORT COSTS

GURDWARA LEAMINGTON AND WARWICK ‘TRADINGAS GURDWARA SAHIB LEAMINGTON AND WARWICK SIKH TEMPLE (COMBINED)

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 5 APRIL 2025

AUDITORS' REMUNERATION

==> picture [307 x 32] intentionally omitted <==

----- Start of picture text -----
||||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---| |5.4.25|5.4.24| |£|£| |Fees|payable|to|the|charity's|auditors|for the|audit|of|the|charity's|financial| |statements|13,200|7,800|

----- End of picture text -----

TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees’ remuneration or other benefits for the year ended 5 April 2025 nor for the year ended 5 April 2024.

Trustees’ expenses

‘There were no trustees’ expenses paid for the year ended 5 April 2025 nor for the year ended 5 April 2024.

STAFF COSTS

==> picture [308 x 128] intentionally omitted <==

----- Start of picture text -----
||||||||||| |---|---|---|---|---|---|---|---|---|---| |5.4.25|5.4.24| |£|£| |Wages|and|salaries|158,040|134,631| |Social|security|costs|8,649|3,106| |Other|pension|costs|2,756|1,446| |169,445|139,183| |The|average|monthly|number|of employces|during|the|year was|as|follows:| |5.4.25|5.4.24| |Office|and|administration|6|6| |No|employees|received|emoluments|in|excess|of|£60,000.|

----- End of picture text -----

==> picture [333 x 170] intentionally omitted <==

----- Start of picture text -----
|||||||| |---|---|---|---|---|---|---| |Il.|COMPARATIVES FOR THE|STATEMENT OF|FINANCIAL|ACTIVITIES| |Unrestricted|Restricted|Total| |funds|fund|funds| |£|£|£| |INCOME|AND|ENDOWMENTS|FROM| |Donations|and|legacies|873,975|-|873,975| |EXPENDITURE|ON| |Charitable|activities| |Operations|of|the|Temple|514,549|-|514,549| |Teaching|and|educational|activities|14,089|-|14,089| |Charitable|grants|and|donations|52,610|-|$2,610| |Governance|costs|17,573|-|17,573| |Other|expenditure|203,048|-|203,048| |Total|801,869|-|801,869| |NET INCOME|72,106|-|72,106|

----- End of picture text -----

GURDWARA LEAMINGTONANDWARWICK TRADING AS GURDWARA SAHIB LEAMINGTON AND WARWICK SUKH TEMPLE (COMBINED)

NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 5 APRIL 2025

i.	COMPARATIVES FOR THE STATEMENT	OF FINANCIAL	ACTIVITIES - continued	ACTIVITIES - continued
			Unrestricted	Restricted	Total
			funds	fund	funds
			£	£	£
	RECONCILIATION OF FUNDS
	Total funds brought forward		6,956,98		-
	TOTAL FUNDS CARRIED FORWARD		7,029,087	-	7,029,087
12.	TANGIBLE FIXED ASSETS
			Furniture
		Freehold property	and equipment	Motor vehicles	Totals
		£	£	£	£
	COsT
	At 6 April 2024	9,339,756	700,366	23,578	10,063,700
	Additions	-	21,747	-	21,747
	At 5 April 2025	9,339,756	722,113	23,578	10,085,447
	DEPRECIATION
	At 6 April 2024	2,745,853	$52,298	21,218	3,319,369
	Charge foryear	177,639	26,579	590	204,808
	At 5 April 2025	2,923,492	578,877	21,808	3,524,177
	NET BOOK VALUE
	At5 April 2025	6,416,264	143,236	1,770	6,561,270
	At5April2024	6,593,903	148,068	2,360	6,744,331

Included in cost or valuation of land and buildings is freehold land of £457,786 (2024 - £457,786) which is not depreciated.

13, INVESTMENT PROPERTY

FAIR VALUE At 6 April 2024 and 5 April 2025 500,000 NET BOOK VALUE At 5 April 2025 500,000 At 5 April 2024 500,000

The holding trustees consider that the carrying value of the investment properties is a close approximation ta the current market value.

GURDWARA LEAMINGTON AND WARWICK TRADING AS GURDWARA SAHIB LEAMINGTON AND WARWICK SIKH TEMPLE (COMBINED)

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 5 APRIL 2025,

==> picture [328 x 382] intentionally omitted <==

----- Start of picture text -----
||||||||||| |---|---|---|---|---|---|---|---|---|---| |14.|DEBTORS:|AMOUNTS|FALLING|DUE|WITHIN|ONE|YEAR| |5.4.25|5.4.24| |£|£| |Other debtors|1,573|2,603| |Prepayments|and|accrued|income|2,855|15,575| |4,428|18,178| |15.|CREDITORS:|AMOUNTS|FALLING|DUE|WITHIN|ONE|YEAR| |$.4.25|5.4.24| |£|£| |Bank|loans|and|overdrafts|(see|note|17)|75,034|70,433| |Trade|creditors|-|1| |Taxation|and|social|security|2,690|691| |Other|creditors|36,242|22,046| |113,966|93,171| |16.|CREDITORS:|AMOUNTS|FALLING|DUE|AFTER|MORE THAN|ONE YEAR| |5.4.25|5.4.24| |£|£| |Bank|loans|(sce|note|17)|797,912|873,278| |17.|LOANS| |An|analysis|of|the|maturity|ofloans|is|given|below:| |5.4.25|5.4.24| |£|£| |Amounts|falling|due|within|one|year|on|demand:| |Bank|loans|75,034|70,433| |Amounts|falling|between|one|and|two|years:| |Bank|loans|-|1-2|years|80,459|75,666| |Amounts|falling|due|between|two|and|five|years:| |Bank|loans|-|2-5|years|277,987|263,069| |Amounts|falling|due|in|more|than|five|years:| |Repayable|by|instalments:| |Bank|loans|more 5|yr by|instal|439,466|534,543| |Bank|loan|represents|a|5|year 3.31%|per annum|fixed|rate|loan.|

----- End of picture text -----

GURDWARA LEAMINGTON AND WARWICK TRADING AS GURDWARA SAHIB LEAMINGTON AND WARWICK SIKI TEMPLE (COMBINED)

NOTES ‘TO TNE FINANCIAL STATEMENTScontinued FOR THE YEAR ENDED 5 APRIL 2025

SECURED DEBTS

The following secured debts are included within creditors:

Bank loans

5.4.25 5.4.24 £ £ 872,946 943,711

The bank loan is secured by way of a legal charge over the following assets:

a. Frechold land and buildings at the Gurdwara Sahib Leamington and Warwick at Tachbrook Park Drive, Warwick, CV34 6RH; and

b. Freehold buildings at the rear of the Gurdwara Sahib Leamington and Warwick at Tachbrook Park Drive, Warwick, CV34 6RH;

ANALYSIS OF NET ASSETS BETWEEN FUNDS

==> picture [312 x 186] intentionally omitted <==

----- Start of picture text -----
|||||||| |---|---|---|---|---|---|---| |$.4.25|5.4.24| |Unrestricted|Restricted|Total|Total| |funds|fund|funds|funds| |£|£|£|£| |Fixed|assets|6,561,270|-|6,561,270|6,744,331| |Investments|500,000|-|500,000|500,000| |Current|assets|970,991|-|970,991|751,205| |Current|liabilities|(113,966}|-|(113,966)|(93,171)| |Long|term|liabilities|(797,912)|-|(797,912)|(873,278)| |7,120,383|-|7,120,383|7,029,087| |MOVEMENT|IN|FUNDS| |Net| |movement|At| |At|6/4/24|in|funds|5/4/25| |£|£|£| |Unrestricted|funds| |General|fund|7,029,087|91,296|7,120,383| |TOTAL FUNDS|7,029,087|91,296|7,120,383|

----- End of picture text -----

MOVEMENT IN FUNDS

Net movement in funds, included in the above are as follows:

==> picture [311 x 64] intentionally omitted <==

----- Start of picture text -----
||||||| |---|---|---|---|---|---| |Incoming|Resources|Movement| |resources|expended|in|funds| |£|£|£| |Unrestricted|funds| |General|fund|945,901|(854,605|)|91,296| |‘TOTAL|FUNDS|945,901|(854,605|)|91,296|

----- End of picture text -----

GURDWARA LEAMINGTONAND WARWICK TRADING AS GURDWARA SATITB LEAMINGTONAND WARWICK SIKH TEMPLE (COMBINED)

NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 5 APRIL 2025

MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

		Net
		movement	At
	At 6/4/23	in funds	5/4/24
	£	£	£
Unrestricted funds
General fund	6,956,98		72,106
TOTAL FUNDS	6,956,98		72,106
Comparative net movement in funds, included	in the above are as follows:
	Incoming	Resources	Movement
	resources	expended	in funds
	£	£	£
Unrestricted funds
General fund	873,975	(801,869)	72,106
TOTALFUNDS	873,975	(801,869)	72,106

A current year 12 months and prior year 12 months combined position is as follows:

		Net
		movement	At
	At 6/4/23	in funds	5/4/25
	£	£	£
Unrestricted funds
General fund	6,956,981	163,402	7,120,383
TOTALFUNDS	6,956,981	163,402	7,120,383

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

	Incoming	Resources	Movement
	resources	expended	in funds
	£	£	£
Unrestricted funds
General fund	1,819,876	(1,656,474)	163,402
TOTALFUNDS	1,819,876	(1,656,474)	163,402

Funds

The charity has the following types offunds as follows:

GURDWARA LEAMINGTON AND WARWICK TRADING AS GURDWARA SAHIB LEAMINGTONAND WARWICK STKHLTEMPLE (COMBINED)

NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 5 APRIL 2025

MOVEMENT IN FUNDS - continued

Unrestricted fund:

These are funds available for general purposes which the trustees are free to use in accordance with the charitable objects.

Designated fund:

These are also funds available for general purposes however, the trustees have chosen such funds to be used for a specific purpose.

At the balance sheet date, total unrestricted funds comprises ofdesignated funds to represent frechold properties at Tachbrook Park and Queensway together with any improvements, fixtures and fittings and fixed assets in general. The trustees have given consideration to the levels of free reserves currently held and expect these levels to continue during the forthcoming financial year.

RELATED PARTY DISCLOSURES

‘There were no related party transactions for the year ended 5 April 2025.

POST BALANCE SITEET EVENTS

After the balance sheet date but before the issuance of the financial statements, there were no significant subsequent events requiring adjustment or disclosure in the financial statements.

GURDWARA LEAMINGTON AND WARWICK TRADING AS GURDWARA SAHIB LEAMINGTON AND WARWICK SIKH TEMPLE (COMBINED)

DETAILED STATEMENTOFFINANCIAL ACTIVITIES	DETAILED STATEMENTOFFINANCIAL ACTIVITIES
FOR THEYEARENDED	5 APRIL 2025
		5.4.25	5.4.24
		£	£
INCOME AND ENDOWMENTS
Donations and legacies
Donations		673,366	628,444
Donation boxes - Golak		248,595	227,293
Gift aid		506	598
Other income		13,095	11,337
Interest income		10,339	6,303
		945,901	873,975
Total incoming resources		945,901	873,975
EXPENDITURE
Charitable activities
Wages		158,040	134,631
Social security		8,649	3,106
Pensions		2,756	1,446
Hall hire		61,550	49,625
Rates and water		10,177	2,437
Insurance		10,148	9,097
Light and heat		135,832	125,852
Telephone		2,553	2,686
Postage and stationery		9,427	S417
Advertising		1,881	1,821
Sundrics		2,622	5,681
Hire ofequipment		9,274	6,525
Repairs and maintenance		59,223	86,718
Motor running expenses		152	140
Teaching classes and education		15,492	14,089
Cleaning and refuse collection		35,011	30,952
Travelling		3,167	-
Catering		15,261	3,672
Computer cost		3,357	-
Donations to institutions		11,886	52,610
		556,458	536,505
Other expenditure
Frechold property		177,639	177,639
Motor vehicles		590	787
Depnoffurniture & equipment		26,579	24,622
		204,808	203,048

Support costs

‘This page does not form part of the statutory financial statements

GURDWARA LEAMINGTON AND WARWICK TRADING AS GURDWARA SAHIB LEAMINGTON AND WARWICK SIKH TEMPLE (COMBINED)

DETAILEDSTATEMENT OF FINANCIAL ACTIVITIES FOR THE YEARENDED5 APRIL 2025
	5.4.25	5.4.24
	£	£
Support costs
Finance
Bank charges	3,322	2,677
Bank loan interest	63,754	42,066
	67,076	44,743
Governance costs
Auditors’ remuneration	13,200	7,800
Accountancy fees	1,470	720
Legal and other professional fees	11,593	9,053
	26,263	17,573
Total resources expended	854,605	801,869
Netincome	91,296	72,106

This page does not form part of the statutory financial statements