INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF SRI GURU GOBIND SINGH GURDWARA
CHARITY REG. NO. 1104 110
We report on the accounts of the trust for the year ended 31 March 2023 which are set out on pages 1 and 2
Respective responsibilities of Trustees and examiner
As the Charity's trustees, you are responsible for the preparation of the accounts; you consider that the audit requirement of section 144 (2) of the Charities act (the Act) does not apply.
It is our responsibility to:
-
-examine the accounts (under section 145 of the 2011 Act);
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-follow the procedures laid down in the General Directions given by the Charity Commissioners (under section47(3)(b) of the Act); and
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-state whether particular matters have come to our attention.
Basis of independent examiner's statement
Our examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes a consideration of any unusual items or disclosures in the accounts ,and seeking explanations from the Trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently we do not express an audit opinion on the accounts.
Independent examiner's statement
In connection with our examination, no matter has come to our attention.
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1 which gives us reasonable cause to believe that in any material respect the requirements:
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to keep accounting records in accordance with section 130 of the 2011 Act; and
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-to prepare accounts which accords with the accounting records and comply
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with the accounting requirements of the 2011 Act have not been met;
2 to which, in our opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
….............................................
Yacoob Malik Yacoob Malik & Co. 2 Brighton Range Manchester M18 7LP
SRI GURU GOBIND SINGH GURDWARA
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2023
SRI GURU GOBIND SINGH GURDWARA PROFIT AND LOSS ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2023
| CHARITY NO. 1104110 INCOMING RESOURCES (Note 3) Voluntary Income Other Income Gift Aid Interest TOTAL INCOMING RESOURCES RESOURCES EXPENDED (Notes 4-8) Charitable activities TOTAL RESOURCES EXPENDED Net incoming/(outgoing) resources before transfers Gross Transfers between funds Net movement in Funds before other recognised gains/(losses) OTHER RECOGNISED GAINS/(LOSSES) Gains and Losses on Revaluation Gains and Losses on Investment assets NET MOVEMENT IN FUNDS TOTAL FUNDS BROUGHT FORWARD TOTAL FUNDS CARRIED FORWARD |
Restricted Unrestricted Income Total Total Funds Funds 2023 2022 187,714 - 187,714 155,410 36,822 - 36,822 35,500 2,953 - 2,953 - 361 - 361 3 |
|---|---|
| 227,850 - 227,850 190,913 |
|
| 141,138 - 141,138 109,037 |
|
| 141,138 - 141,138 109,037 |
|
| 86,712 - 86,712 81,876 - |
|
| 86,712 - 86,712 81,876 |
|
| - - - - - - - - - - - - - 86,712 - 86,712 81,876 - 1,855,142 - 1,855,142 1,773,266 - |
|
| 1,941,854 - 1,941,854 1,855,142 |
1
SRI GURU GOBIND SINGH GURDWARA BALANCE SHEET AS AT 31 MARCH 2023
| FIXED ASSETS TANGIBLE ASSETS Note 9 Note 10 TOTAL FIXED ASSETS CURRENT ASSETS Stock and Work in Progress Debtors Note 11 (Short term) investments Cash in Hand and at Bank TOTAL CURRENT ASSETS Creditors: amounts Note 12 falling due within one year Net Current Assets/(Liabilities) Total Assets Less Current Liabilities Creditors: amounts Note 13 falling due after one year Note 14 Provisions for Liabilities and Charges NET ASSETS FUNDS OF THE CHARITY Unrestricted Funds Restricted Income Funds Endowment Funds TOTAL FUNDS Signature of Trustee(s) |
Restricted Unrestricted Income Total Funds Funds 2023 2022 1,708,230 - 1,708,230 1,710,101 - - - - |
|---|---|
| 1,708,230 - 1,708,230 1,710,101 |
|
| - - - - - - 235,474 235,474 146,646 |
|
| 235,474 - 235,474 146,646 |
|
| 1,850 1,850 1,605 |
|
| 233,624 - 233,624 145,041 |
|
| 1,941,854 - 1,941,854 1,855,142 |
|
| - - - - - - - - |
|
| 1,941,854 - 1,941,854 1,855,142 |
|
| 1,941,854 1,941,854 1,855,142 - - - |
|
| 1,941,854 - 1,941,854 1,855,142 |
|
| ------------------------------------------------------------------- |
Name
BALBER SINGH PARKASH SINGH
Date of Approval
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2
SRI GURU GOBIND SINGH GURDWARA
FOR THE YEAR ENDED 31 MARCH 2023
NOTE 1 BASIS OF PREPARATION
1.1 BASIS OF ACCOUNTING
These accounts have been prepared on the basis of historic cost (except that investments are shown at market value) in accordance with:
Accounting and Reporting by Charities- Statement of Recommended Practice (SORP 2005); and with Accounting Standards;
and with the Charities Act 1993
1.2 CHANGE IN BASIS OF ACCOUNTING
There has been no change to the accounting policies (valuation rules and methods of accounting) since last year
1.3 CHANGES TO PREVIOUS ACCOUNTS
No changes have been made to accounts for previous years
1.4 MATERIAL DONATIONS
£
Material Donations include:
3
SRI GURU GOBIND SINGH GURDWARA FOR THE YEAR ENDED 31 MARCH 2023
Note 2 ACCOUNTING POLICIES
This standard list of accounting policies has been applied by the charity.
INCOMING RESOURCES
Recognition of incoming resources
These are included in the Statement of Financial Activities (SOFA) when:
the Charity becomes entitled to the resources;
the trustees are virtually certain they will receive the resources; and the monetary value can be measured with sufficient reliability
Incoming Resources with Related Expenditure
Where incoming resources have related expenditure (as with fundraising or contract income) the incoming resources and related expenditure are reported as gross in the SOFA
Grants and donations
Grants and donations are only included in the SOFA when the Charity has unconditional entitlement to the resources.
Tax reclaims on donations and gifts
Incoming resources from Tax reclaims are included in the SOFA at the same time as the gift to which they relate.
Contractual income and performance related grants
This is only included in the sofa once the related goods or services have been delivered
Gifts in kind
Gifts in kind are accounted for at a reasonable estimate of their value to the charity or the amount actually realised..
Gifts in kind for sale or distribution are included in the accounts as gifts only when sold or distributed by the charity.
Gifts in kind for use by the charity are included in the SOFA as incoming resources when receivale.
Donated services and facilities
These are only included in incoming resources (with an equivalent amount in resources expended) where the benefit to the charity is reasonably quantifiable, measurable and material.
The value placed on these resources is the estimated value to the charity of the service or facility received
Volunteer help
The value of any voluntary help received is not included in the accounts but is described in the trustees' annual report
Investment income
This is included in the accounts when receivable
Investment gains and losses
This includes any gain loss on the sale of investments and any gain or loss resulting from revaluing investments to market value at the end of the year.
4
SRI GURU GOBIND SINGH GURDWARA FOR THE YEAR ENDED 31 MARCH 2023
EXPENDITURE AND LIABILITIES
Liability recognition
Liabilities are recognised as soon as there is a legal construstive obligation committing the charity to pay out resources
Governance costs
Include costs of the preparation and examination of statutory accounts, the costs of trustee meetings and costs of any legal advice to trustees on governance or constitutional matters. They also include Premises costs, made up of Rent Lighting and Heating, Administrative costs including Telephone and internet, postage and stationery, as well as Travel and other Volunteers expenses
Grant with performance conditions
Where the charity gives a grant with conditions for its payment being a specific level of service or output to be provided, such grants are only recognised in the SOFA once the receipient of the grant has provided the specific service or output.
Grants payable without performance condition
These are only recognised in the accounts when a commitment has been made and there are no conditions to be met relating to the grant which remain in the control of the charity.
Support costs
Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, eg alocating property costs by floor areas, or per capita,staff costs by the time spent and other costs by their usage.
ASSETS
Tangible fixed assets for use by the Charity
These are capitalised if they can be used for more than one year, and cost at least £500.They are valued at cost or a reasonable value on receipt.
Investments
Investments quoted on a recognised stock exchange are valued at market value at the yearend. Other investment assets are included at trustees' best estimate or market value.
5
SRI GURU GOBIND SINGH GURDWARA FOR THE YEAR ENDED 31 MARCH 2023
Note 3
| Analysis of incoming resources Analysis Gudwara Opening Donations Ardasa Members' (Bhajji Collection) Subsriptions Wedding Bookings Golak Model Collection Gift Aid Rental Income Other Voluntary Income Bank Iterest Activities for generating funds Total Investment income Total Incoming resources from charitable activities Total |
2023 £ - - - - - 2,953 36,822 187,714 361 227,850 - - - - - - |
2022 £ - - - - - 6,808 35,600 54,369 2 |
|---|---|---|
| 96,779 | ||
| - | ||
| - | ||
| - | ||
| - | ||
| - |
6
SRI GURU GOBIND SINGH GURDWARA FOR THE YEAR ENDED 31 MARCH 2023
Note 4
Analysis of Resources expended
| Costs of generating voluntary income Analysis Total Fundraising and Publicity Costs Total Investment and management costs Bank Loan Interest Charges Bank charges Charitable activities Rates, water and service charges Printing, Stationery & Advertising Floor Cleaning/ Polishing Premises/Machinery repairs and renewals Health and safety costs Service Costs P B Projects Insurance Gurdwara Running costs Sundry expenses Total Governance costs Annual 5 Tempels Event Professional fees in support of charitable activities |
2023 2022 £ £ |
|---|---|
| - - |
|
| - - |
|
| - - - |
|
| - - |
|
| - - - - - - - - - - - - - - 141,138 109,037 - - |
|
| 141,138 109,037 |
|
| - - 1,805 1,605 |
7
SRI GURU GOBIND SINGH GURDWARA NOTES TO THE ACCOUNTS
| Note 5 Support Costs FundraisinCharitable GovernancTotal Cost activity activity activity Support cost type None None None None Total - - - - Note 6 DETAILS OF CERTAIN ITEMS OF EXPENDITURE 6.1 Trustee expenses 2023 Number of trustees who were paid expenses None Nature of expenses N/A Total amout paid 6.2 Fees for examination or audit of the accounts 2023 Independent examiner's or auditors' fees for 1,805 reporting on the accounts Other fees (e.g. advise, consultancy, accountancy, - services) paid to the independent examiner or auditor. 1,805 |
FundraisinCharitable GovernancTotal Cost activity activity activity None None None None |
FundraisinCharitable GovernancTotal Cost activity activity activity None None None None |
None |
|---|---|---|---|
| - - - - |
- | ||
| 2022 None N/A |
|||
| - | |||
| 2022 1,605 - |
|||
| 1,805 | 1,605 |
8
SRI GURU GOBIND SINGH GURDWARA NOTES TO THE ACCOUNTS
| Note 7 Paid employees 7.1 Staff costs Gross wages, salaries and Benefits in kind Total Staff costs There is no Pession Scheme in operation. |
2023 £ - - |
2022 - |
|---|---|---|
| - | ||
9
SRI GURU GOBIND SINGH GURDWARA NOTES TO THE ACCOUNTS
| Grantmaking 8.1 Total Value of grants Total 8.2 Grantmaking costs The Charity does not prepare accounts based on ''Activity Basis'' 8.3 Material Grants to Institutions Names of Institutions Purpose Total |
Grants to Institutions Total £ - |
Individuals Total Grant Paid £ |
|---|---|---|
| - |
10
SRI GURU GOBIND SINGH GURDWARA NOTES TO THE ACCOUNTS
Note 9 TANGIBLE FIXED ASSETS
9.1 cost or valuation
| Freehold Other Fixtures, Land & Land & Fittings & Buildings Buildings Equipments £ £ £ Balance b/fwd 1,700,747 - 21,059 Additions - - - - - - Disposals - - - Transfers - - - Balance c/fwd 1,700,747 - 21,059 9.2 Accumlated depreciation and impairment provisions Basis SL or RB SL or RB SL or RB Rate 0% 0% 20% Balance b/fwd - - 11,705 Charge for the year - - 1,871 Impairment provisions - - - Revaluations - - - Disposals - - - Transfers - - - Balance c/fwd - - 13,575.58 9.3 Net book value Carried forward 1,700,747 - - 7,483 Brought forward 1,700,747 - - 9,354 |
Total £ 1,721,806 - - - - - |
|---|---|
| 1,721,806 | |
| 11,705 1,871 - - |
|
| 13,575.58 | |
| 1,708,230 1,710,101 |
9.4 Revaluation
The Charity has not revalue ant of her assets
Note 10 Investment Assets
- -
11
SRI GURU GOBIND SINGH GURDWARA NOTES TO THE ACCOUNTS
Note 11 Debtors and Prepayments
| Analysis of debtors Trade debtors Amounts due from subsidiary and associated undertakings Other debtors Total Creditors and Accruals 12.1 Analysis of creditors Loans and overdrafts Amounts due to subsidiary and asscoiated Undertakings Other creditors Accurals and deferred income Total |
2023 2022 2023 2022 £ £ £ £ - - - - - - - - - - - - - - - - Amounts falling due within one year Amounts falling due after more than one year |
|---|---|
| - - - - |
|
| 2023 2022 2023 2022 £ £ £ £ - - - - - - - - - - 1,805 1,605 Amounts falling due Amounts falling due after within one year more than one year |
|
| 1,805 1,605 - - |
12.2 Security Over Assets
No Creditor holds a charge or other security over any of the Charity's assets
12