SINGH SABHA GURDWARA LIMITED IA Company Limited by Guarantee and not having a Share Capitsl) Reglstration Number- 04234994 ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 June 2023 SINGH SABHA GURDWARA LIMITED FINANCIAL STATEMENTS YEAR ENDED 30 June 2023 CONTENTS Page Trustees Report Report of the DirectcKs Independent Examiners Report Income and expenditure account Balance sheet Notes to the financial ststements 10-12 SINGH SABHA GURDWARA LIMITED TRUSTEES REPORT FOR THE YEAR ENDED 30 June 2023 The Charity's Objects 1. Advancement of Sikh Religion through the teachings of Sri Guru Granth Sahib Ji. 2. Establishment and maintenance of the Sri Singh Sabha Gurdwara building in Peterborough for worship, the celebration of Sikh religious festivals. for conduct and registrats.on of marriages and the conduct of ftjneral rites in accordan￿ wth Sikh religious ceremonies 3. Provide facilitie5 and resources for the teaching of the Punjabi language, Kirtan, Gurt)ani, Sikh values and Sikh history subject to sustainable demand from the Sangat 4. Provide building facilityes for recreation. in particular for the Sikh community, to promote social welfare and improve quality of lffe 5. Support other charities occasionally, rf funds allow. with 5imiLir objectives for advancing Sikh Religion and Commun-ty Cohesion. Support may be provided for disaster relief appeals on OCC2sion. The Charity's Main Activities The charity is responsible for providing Sikh Worship each Sunday and on other holy days. The Punjabi Language, Sikh faith. and Sikh history are taught to young children in small groups. Outreach lo the local community takes place through annual events held in Peterborough City Centre organised in collaboration wth the Council and other host communitses. The Charity's Achievements and Performance Sikh marriages and bjnerals are (xjnducted in accordance with the code of conduct and conventions for Sikhism. The Charity also conducts registration of marriages, as in English civil law, for couples going through a religious Sikh marriage ￿rernonY al the Charity premises. Facilities are also made available when required for recreational and social activities lo support the community and build networking and cohesion. The Charity also networks with the Poli￿, NHS, Counryl and oiher local organisations to facilitate Communication of tsrgeted messages and engagement to benefrt ￿th the community and these organisalions. A key tenet of the Sikh religK)n ts to pray for and help wth the welfare of all those suffering misfortune and destituts'on. The Charity members have actively raised around £3,000 each year for Epilepsy UK through a sponsored walk over many years befo￿ Covid. We intend to Commen￿ similarty supporting other charities in Ihe next year or I￿0. In addrtion, members donate cbthes on an ongoing basis for Khalsa which is a Charity that distributes these to all parts of the world as needed to help those in povety. The Charity and its members also donate fo(xl to the Peterb)rough Soup Kitchen. The Charity also will from time to time make contribubons from its funds to support other Chanties engaged in re￿ue and support operations for disaster relief. Several students gained GCSE from our Sunday Punjabi School. Pupil numters average around 30 and three ex￿lIent teachers are using modem teaching rnethods with good feedback from parents. A safeguarding policy for Sunday school children has tr￿n reviewed and ftjrther developed. For the security of the public CCTV cameras have been upgraded to allow 24-hour high-quality remote monrfcoring and recording. The fire alarm has been serviced, overhauled and enhanced. An ongoing Pest control contract is in pla￿ to ensure excellent levels of hygiene in the kitchen and dining areas where food is stored, prepared and setved. During the second half of 2021. the Covid crisi5 was subsiding and govemment restrictions were being eased. The Trustees initiated the processes for electing a new Executive Committee in the summer and that was concluded in September 2021. A very able team with fresh faces coming with a wde range of eXper￿ft￿ were enrolled into the new Committee. It was decided that the elected Committee would seNe until June 2024 $0 that we bring the electoral process back into alignment wrth the pr￿sS existing before Covid. Efforts have been made to increase religious events in the Gurdwara as demanded by the members. Also. more English-speaking sermons are being introduced for the benefit of the younger generation. The Trustees are very happy to report that the existing Committee has embraced their dub.es much energy and ￿nduCtS daily management of the day-t{￿aY activities of the Gurdwara with diligence. Opening of the Sunday Punjabi School is ba(* to nonnal after Covid. In 2023 all five students studying for GCSE Punjabi gained top grades. Work continued with the Nene Park Trust to plant more trees towards our target of 550 along the bank of river Nene. A placard displaying Guru Nanak Lane has ￿en erected on srte. Two planting events are held each year in February and November. The balance sheet of the Gurdwara remains strong as no maj'or expense was incurred last year. We work to control running costs through volunteers. The Charity's Challenges and Future Fo¢us 1. Core O erational Activltles Finance Outreach HSE and Buildin Securi The Charty will continue to make efforts tr) attract members of the younger generation. This will be done by holding religious programmes targeting that audien￿ and also hold activities in our hall for their participation. Our plan will atso indude holding Sikhi camps hosted by recognised speakers. Punjabi and Sikh History education as well as kirtan and gatka wll continue to be offered to children and teenagers. In addition. activities involving physical exercise e.g., Ix)xing etc is being offered during the evenings. We will also continue to work wtth Nene Park Trust to plant more trees toward our tsrgel of 550. The planting area has been marked with a plaque explaining the basic tenets of Sikhism and provide an attractive place for visitors. The planting lane along the Nene River bank has been named Guru Nanak Lane. The Plaque unveiling ￿remonY was conduded in August 2022 which involved attendan￿ by many dignitaries. We ￿11 wntinue to strengthen our fInan￿S and contml expenditu￿ thnxigh only neGessary spending forthe welkbeing of ourworshippers. The HSE and safeguarding processes is being further tuned vrith clear ownership and ongoing focus on key metrics and their monitoring. An enhanced Safeguarding process is in pla￿ with the Headmistress of the Punjabi School being the single point of accountability. More awareness and training are required on both above pr￿eS￿s. The security at the premises has been Turther enhan<*d through a new intruder alam system. Tre existing CCTV and sound systems in the main Divan Hall will be reviewed and updated in the coming year. 2. Election of New Committee A new Committee will be elected from June 2023 to tun for tsvo years. Nominations will be invited from mid-April onwards with a closing date of Sunday 26m May. New Committee to be annoUn￿d on Sunday 16th June 2024. 3. Succession Plannin Our main challenge for the next two year5 is sU￿Ssion planning for our key religious workers and Priest. Existing religious workers are approaching end of their working lrfe and suitable repla￿rnents are not available locally or nationally. Our plan is to appty for a sponsorship licence from the Home offi￿ for such workers. This work will start in 2024 for completion and implementation in 2025.The aim will to attract suitably qualified religious workers from India for periods of tsvo years at a time. We will also look at building a self-contained extension to the Gurdwara premises to accommodate these religious workers in 2024. We believe this is the long-term solution for having in Pla￿ suitably qualified religious workers on an ongoing basis. 4. In Summa The emphasi$ will be on srn¢￿th operational wnning through enhancedpmcesses. attracting the younger mernbe￿ of the community. enrolling. retaining and managing our volunteers with support Election of a suitable new Committee in June 2024 for a twopyear temi, as per the constitution, to manage day to day activities is key forsmooth operations HSE and Safeguarding will Continue to be a key area of focus for the well-being of all our worshippers and children attending the Sunday School Building ourfinan¢es through judicious expenditure control and improving income by increasing attendance and progTrms. Succession planning for the continuity of key religious woFlrets thmugh sponsorship will be a key part of the strategy. Investing in additional accommodation to support this will b• undertaken. Signed by order of the Board of Trustees Joga Singh Ja&sar Director SINGH SABHA GURDWARA LIMITED REPORT OF THE DIRECTORS FOR THE YEAR ENDED 30 June 2023 The directors have the pleasure in presenkn.ng their report and the finanaal statements for the year ended 30 June 2023. Legal and Administrative SINGH SABHA GURDWARA LIMITED is a company limited by guarantee, company registration number 04234994, and registered wth the Charity Commission. charrty registration number 11(XJ124. The company is govemed by the provisKFns contained wrthin the Memorandum arhy Arbdes of A8sJmpany wiu c(x)linue in operatK)n. The directors are responsible for keeping propet accounb.ng record$ which disdose with reasonable accurary at any time the finanaal position of the ¢ompany and whieh enabte them io ensure that the finanaal statements comply with the Cornpanies Act 20(￿. Thè directors are alx) responsible for safeguarding the assets of the company and hence for tsking reasonable steps for the preventKJn and detecthon of fraud and other irregularities. SINGH SABHA GURDWAFiA LIMITED REPORT OF THE DIRECTORS Icontd.) FOR THE YEAR ENDED 30 June 2023 Directors. interest in sha￿9 The company is limited by guarantee and, as su(l). has no share c2Pital. The dire&ors may dertve no benefrt or income from or have any capital interest in the companys finanual affairs. Review of activities and future developments The princ4pal activty of the company during the year was the advan￿[￿ent of Sikh religion and thè provision of Sikh religious feslwals and Ce￿MeDIeS. The other activities of thè company during the year were the advancement edU￿tIon among members of the community and the provision or assistance in the prowsion of Tecreational or leisure faolTtTes for member of the Sikh community in the interèst of so(yal we￿are and in order to improve their qualty of lrfe_ Taxation status The company is a registered chariiy and. as suth. is not liable lo COrp￿3110n Tax. Signed by order of the i￿ard of dire¢lors Joga Singh Jassar Director Approved by the board on 2W February 2024 SINGH SABHA GURDWARA LIMITED INDEPENDENT EXAMINER'S REPORT TO THE DIRECTORS OF SINGH SABHA GURDWARA LIMITED I report to the chatrty directors on my examinalion of the aoxjurts of Singh Sabha Gur(Iwara ￿m((ed for the year ended 30 June 2023. Responsibilities and basts of the report The charity directors a￿ responsible for the weparatKJn of the accounts in accordance wrth the wuirements of the Charities Ad 2011 Cthe Ad). I ieport in resped of my examination of accounts earried out under section 145 of the Act and in carrying OLrt my examination I have followed all appluble Dire(aions given by the Charity Commission under section 145151(bl ofthe ACL Independent examinerfs statement I have comp￿ted my examination. l ojnfimi that no material malters have come to my attention in ¢J)nnection with the ex8mination giving me txuse to telieve that in any material resped.. accounting reeords were kept in aC(X)rdan￿ with by sec*icn 130 of the Ai*,. or 2. the ac(x>unls do mt attord with those records" or 3. the accounts do not wmply with the applicable iequirements ())n(*ming the fom and content of accounts set out in the Chairties (Accounts and Reports} Regulations 2008 other than any requirement that thè 8ccountS give a true and fair view which is not a matter (x)nsidered as part of an independent examinakn"on. l o)nfirm that there are no other matters to whith your attention shtruld be drawn to eftable a pr¢Jper understanding of the accounts to be reached. Mr Satwindef Singh Sahota BA{Honsl FCCA G&E Accountants Limited Chartered Certified Ar£ountants 97 Vere Road Petèrborough PE13EB 25th February 2024 STATEMENT OF FINANCIAL ACTtVlTtES {INCORPORATING AN INCOME AND EXPENDrruRE ACCOUNT) YEAR ENDED 30 June 2023 Note 2023 2023 Incoming Resources Donations Tax Refvnd 62.974 10,370 59,650 11,709 Total Incoming Resources 73,344 71,359 Resources Expènded Charitable Expenditure Langar (Food} Heal, Light and Water Charges Cleaning Insuran Telephone and Postage Printing and Stationery Bank Charges Interest Payable and Similar Charges Subscriptions, Books and PuiAications Donations Equipfnent and Fumishing5 Repairs and Maintenance Deprecjation Education and Communty Events Accountsn¢y Fees mis￿lIaneouS Expenses 1.349 20,229 2,229 1,764 524 232 314 1.017 10,901 1,979 1,563 319 193 129 550 4,001 18.451 3.608 21.462 500 10 500 143 Totsl Resources Expended 52,221 40.570 Net (Outgoingvlncoming Resourees for the year 21.123 30,789 Revenue ac(x)unl brought forward 650,688 619,899 Rèvenue ¥co)unl Ca￿led forward 671,811 650,688 SINGH SABHA GURDWARA LIfvIITED BALANCE SHEET AS AT 30 June 2023 Notes 2023 2022 FIXED ASSETS Tangible ￿ed assets &81.710 557.319 CURRENT ASSETS Prepayments and Accwed Income Cash and bank baknces 7,074 103.527 10,300 83,569 110.e111 LESS CREDITORS: AJnounts falling due within one year 93,869 Isx)) 1500) NET CURRENT ILIA81UTIESyASSETS 110,101 93,369 TOTAL ASSETS LESS CURRENT UABIUTIES 671,811 650,688 CREDITORS.. Amounts falling due afier more than one year CAPITAL AND RESERVES Revenue Aoxunt 671,811 650,688 671.811 650,688 la) For the year ended 30 Junè 2023 the company was enwled to exempt¥)n under secbon 477 of the Companies Act 20(￿. {bl Merniws have not reryjired the company to obtarn an audit in aco¥dan￿ with sedion 476 ofthe CornpaniesAd 20C6. Icl The directors ad(rh)wledge their responsibilty for: i. ensuring the company keeps acwjnting reo)rds that tt)mp]y with requir¢rrtents of the Actr. and ii. prepar*ig a(xounts that gNe 8 true aThJ fairview of the state of affarrs ofthe ￿MpanY as at the end of the finanaal yÈai. and of Tts profil oi loss for thè finanaal year. in ac￿rdance with the requirements of the Ad, and which otherwise ujmply with the requirements ofthe Companies Ad relaling to a(Lounts, so far as applirable to the comp3ny, Id) The financials have been prepared in acCOrdar￿ Ihe provisions appIl￿ble lo companies subject to the small ￿mpanIeS regime. Soned on behaK ofthe tx)ard of diredors Joga Singh Jassar Director Approveil by the board on 25th February 2023 The accompanying notes forni part ofthese financial statements. SINGH SABHA GURDWARA LIMITED NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 30 June 2023 ACCOUNTING POLICIES The accounts have been prepared in ac(x)rdance with applicxble accounting standards and the Statement of Recommended Practi￿.. AccotJnlNng and Reporting by ChaniNes ISORP 20151. {a) Basis of accounting The ac￿Unts have beèn prepared under the historical o)sl cz•nvention. (b) Incoming resour¢es All in¢x)ming resou￿$ are accounted for gross when re￿$vable, 35 long as they are capable of financial measurement and are derived enkn.rety from donations received. {cl Resources èxpended Costs have been allocated and aFportioned so as to ensure the accounts wnsistenuy and reasonably reflect the nature of the exFKndrture irKurred. 2023 2022 2 Interest Payable and Similar Charges On bank loans. overdrafts a￿1 other loans: Repayab￿ or p8rYy in more than 5 years io SINGH SABHA GURDWARA LIMITED NOTES TO THE FINANCIAL STATEMENTS {contd.) YEAR ENDED 30 June 2023 2023 2022 DEBTORS Prepayments and accrued income 7.074 10,300 7,074 10,300 CREDITORS: Amounts falling due within one year Trade Creditors Accruals 500 500- 500 500 TAXATION The company is a registered chanty and, as such. is not subject to Corporation Tax. CALLED-UP SHARE CAPITAL The company is limited by guarantee and, as such. has no called-up share capital. 12