Charity Registration Number: 1089666
Guru Nanak Gurdwara Bhat Singh Sabha Community Centre Report of the Trustees and Financial Statements for the year ended 31 March 2023
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## **Guru Nanak Gurdwara Bhat Singh Sabha Community Centre Contents**
Legal and administrative details 1 Trustee's report 2 to 3 Statement of financial activities 4 Balance sheet 5 Notes to the accounts 6 to 9
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## **Guru Nanak Gurdwara Bhat Singh Sabha Community Centre Legal and administrative details**
|Charity number|1089666|
|---|---|
|Principal address|248 - 252 Moseley Road|
||Highgate|
||Birmingham|
||B12ODG|
|Trustees|Jindur Singh|
||GurmukhSingh|
||ShamsherGola|
||Opdush Singh|
|Bankers|HSBC|
||96 High Street|
||KingsHeath|
||Birmingham|
||B14 7LD|
||LloydsBank|
||36 - 38 New Street|
||Birmingham|
||B2 4LP|
||Barclays Bank|
||161HighStreet|
||Birmingham|
||B147LA|
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## **Guru Nanak Gurdwara Bhat Singh Sabha Community Centre Trustees' Report for the year ended 31 March 2023**
The trustees present their report with the financial statements of the charity for the year ended 31 March 2023. The trustees 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 I January 2015).
## **Structure, Governance and Management of the Charity**
The Trustees of the charity are listed below. The Board has the power to appoint additional Trustees, as it considers fit to do so. There shall be at least three Trustees. Every future Trustee shall be appointed by resolution of the Trustees passed as a special meeting.
## **Trustee Induction and Training**
As part of the induction programme all the Trustees and the committee members are made aware of their responsibilities. This induction includes an introduction to the objectives, scope and policies of the charitable finds and Charity Commission information on Trustee responsibilities.
## **Objective of the Charity and principal activities**
The Charity is governed by its constitution dated 25 September 2000 registered with the Charity Commission as a charity (1089666). The Trustees shall not hold the trust fund and its income upon trust to apply them:
1. To provide a centre where the Sikh community can gather for worship;
2. To celebrate various festivals according to the Sikh culture and;
3. To provide facilities for Sikh weddings and funerals.
The charity has a Subscription Paying Membership who vote in Trustees. All the Trustees are Management Trustees and are in charge of the day to day running of the charity.
## **Development, activities and achievements**
In line with the Charity's objectives, Guru Nanak Gurdwara Bhat Singh Sabha Community Centre continued to provide a centre for the community to gather for worship. Many festivals, weddings and funerals have continued throughout the year.
## **Future developments**
In line with the Charity's objectives Guru Nanak Gurdwara Bhat Singh Sabha Community Centre will continue to provide the same services in the future.
## **Reserves policy**
Having examined the circumstances facing the Charity and in response to the Charity Commission Regulatory Study entitled Charity Reserves, the Trustees consider that the reserves held are reasonable and will continue to be treated as unrestricted.
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## **Statement of Trustees' Responsibilities**
The charity's trustees are responsible for the preparation of the accounts in accordance with the terms of the Charities Act 2011 and the Charities (Accounts and Reports) Regulations 2008. Notwithstanding the explicit requirement in the extant statutory regulations, the Charities (Accounts and Reports) Regulations 2008, to prepare the financial statements in accordance with the SORP 2005, in view of the fact that the SORP 2005 has been withdrawn, the Trustees determined to interpret this responsibility as requiring them to follow current best practice and prepare the accounts according to the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended by the Bulletin issued in February 2016), (The SORP).
In particular, charity law requires the Trustees, if they prepare accounts on an accruals basis, 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 Trustees are required to:
- to prepare the accounts in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law).
- select suitable accounting policies and apply them consistently; make judgements and estimates that are reasonable and prudent;
- 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 law requires that the trustees must not approve the accounts unless they are satisfied that they give a true and fair view of the state of affairs of the charity and of the surplus or deficit of the charity for the year.
The Trustees are also responsible for maintaining adequate 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 2011. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The Trustees are also responsible for the contents of the Trustees' report, and the statutory 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 material inconsistencies with the figures disclosed in the financial statements.
This report was approved by the board of trustees on 5 April 2024.
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## **Guru Nanak Gurdwara Bhat Singh Sabha Community Centre**
Statement of Financial Activities for the year ended 31 March 2023
|**Notes**
**IncomeandEndowments from:**
Donations &Legacies
**2**
Investments
**3**
**Total income**
**Expenditure on:**
Charitable activities
**5**
Governance costs
**6**
**Total expenditure**
**Netincome/(expenditure)for the year**
**Reconciliationoffunds:**
Total funds brought forward
Totalfunds carried forward|**Unrestricted**
**Funds**
**2023**
**£**
46,710
-
**46,710**
28,698
-
**28,698**
**18,012**
406,973
**394,642**|**Restricted**
**Funds**
**2023**
**£**
-
-
-
-
-
-
-
-
-|**Total**
**Funds**
**2023**
**£**
46,710
-
**46,710**
28,698
-
**28,698**
**18,012**
406,973
**394,642**|**Total**
**Funds**
**2022**
**£**
46,797
-|
|---|---|---|---|---|
|||||**46,797**|
|||||32,440
600|
|||||**33,040**|
||||||
|||||**13,757**|
|||||391,329|
|||||**406,973**|
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
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## **Guru Nanak Gurdwara Bhat Singh Sabha Community Centre Balance sheet as at 31 March 2023**
|**Notes**
**Fixed Assets**
Tangible Assets
8
**Current Assets**
Debtors
9
Cash at Bank and In Hand
**Total current assets**
**Creditors: amounts falling**
**due within one year**
10
**Net Assets**
**Funds of the Charity**
Unrestricted Funds
**Total Charity Funds**
11|
-
163,301|**2023**
**£**
231,341
163,301
394,642
394,642|5,000
163,301|**2022**
**£**
239,692|
|---|---|---|---|---|
||163,301
-||168,301
1,020||
||||||
|||||167,281|
|||||406,973|
||||||
|||||406,973|
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## **Guru Nanak Gurdwara Bhat Singh Sabha Community Centre Notes to the Accounts for the year ended 31 March 2023**
## **1 Accounting policies**
## **Basis of preparation and assessment of going concern**
The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - 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 2015}, the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
The trust constitutes a public benefit entity as defined by FRS 102.
The trustees consider that there are no material uncertainties about the Trust's ability to continue as a going concern.
## **Income**
Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the item(s} of income have been met, it is probable that the income will be received, and the amount can be measured reliably.
## **Expenditure**
Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. All expenditure is accounted for on an accruals basis under the following headings.
## **Tangible fixed assets**
Depreciation has been provided at the following rates in order to write off the assets to their anticipated residual value over their estimated useful lives.
Freehold premises 2% Straight line Furniture and fittings 25% reducing balance Computer equipment 33% reducing balance
## **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 objectives of the charity. Restriction arises when specified by the donor or when funds are raised for particular restricted purposes.
## **2 Donation and legacies**
**2023 2022** £ £ Donations 46,710 46,797
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## **Guru Nanak Gurdwara Bhat Singh Sabha Community Centre Notes to the Accounts for the year ended 31 March 2023**
## **3 Investment income**
**----- Start of picture text -----**
2023 2022
£ £
**----- End of picture text -----**
Deposit account interest - -
## **4 Trustees' remuneration and benefits**
There were no trustees' remuneration or other benefits for the year ended 31 March 2023 nor for the year ended 31 March 2022.
## **Trustees’ expenses**
There were no trustees' expenses paid for the year ended 31 March 2023 nor for the year ended 31 March 2022.
## **5 Charitable activities**
|Sermons and religiousevents
Insurance
Ratesandwater charges
Light, heat andpower
Cleaning and waste management
Repairs and maintenance
Telephone andinternet
Legalfees
Stationeryand printing
Motorexpenses
Depreciation|**2023**
£
2,228
2,200
1,889
12,179
432
1,000
419
-
-
-
8,351
28,698|**2022**
£
7,013
2,200
1,743
9,071
216
2,000
57
600
191
600
8,749|
|---|---|---|
|||32,440|
## **6 Governance costs**
|Accountancy fees
Independent examiners fees|**2023**
£|**2022**
£|
|---|---|---|
||-|400|
||-|200|
||-|**600**|
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**Guru Nanak Gurdwara Bhat Singh Sabha Community Centre Notes to the Accounts for the year ended 31 March 2023**
## **7 Staff costs**
|Wages and salaries|**2023**
£|
|---|---|
||-|
||-|
The average monthly number of employees during the year was as follows:
|**2023**
£
-
-|**2022**
£|
|---|---|
||-|
||-|
No employee received emoluments in excess of £60,000.
## **8 Tangible fixed assets**
|**Cost**
At 1 April 2022
Additions
**At31 March 2023**
**Depreciation**
At 1 April 2022
Chargeforthe year
**At 31 March2023**
**Net book value**
At 31 March2023
At 31 March 2022|**Land and**
**buildings**
£
380,140|**Computer**
**equipment**
£
9,730|**Furniture**
**and fittings**
£
58,581|**Total**
£
448,451|
|---|---|---|---|---|
||-|-|-|-|
||**380,140**
143,439
7,603
**151,042**
**229,098**
**236,701**|**9,730**
8,142
397
**8,539**
**1,191**|**58,581**
57,178
351
**57,529**
**1,052**
**1,403**|**448,451**|
|||||208,759|
|||||8,351|
|||||**217,110**|
|||||**231,341**|
|||**1,588**|||
|||||**239,692**|
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## **Guru Nanak Gurdwara Bhat Singh Sabha Community Centre Notes to the Accounts for the year ended 31 March 2023**
## **9 Debtors: amounts falling due within one year**
|Loan|**2023**
£|**2022**
£|
|---|---|---|
||-|5,000|
||-|**5,000**|
|**10Creditors: amounts falling due within one**|**10Creditors: amounts falling due within one**|**year**
**2022**
£|
|---|---|---|
|Trade creditors|**2023**
£||
||-|1,620|
||-|**1,620**|
|**11Analysis of funds**
Unrestricted funds
General funds|**Balance**
**atstart of**
**the year**
**Income**
**Expenditure**
**Balance**
**at end of**
**the year**
£
£
£
£
-
-
-
-
406,973
46,710
28,698
424,985|
|---|---|
## **12 Related parties**
There were no disclosable related party transactions during the year ended 31 March 2023 nor during the year ended 31 March 2022.
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