## _**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 2024 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);_ - _-follow the procedures laid down in the General Directions given by the Charity Commissioners (under section47(3)(b) of the Act); and_ - _-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._ - _1 which gives us reasonable cause to believe that in any material respect the requirements:_ - _to keep accounting records in accordance with section 130 of the 2011 Act; and_ - _-to prepare accounts which accords with the accounting records and comply_ - _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 2024**_ ## _**SRI GURU GOBIND SINGH GURDWARA PROFIT AND LOSS ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024**_ |**_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_**
**_2024_**
_2023_
_126,604_
_-_
**_126,604_**
_187,714_
_45,187_
_-_
**_45,187_**
_36,822_
_14,666_
_-_
**_14,666_**
_2,953_
_662_
_-_
**_662_**
_361_| |---|---| ||**_187,119_**
**_-_**
**_187,119_**
_227,850_| ||_93,778_
_141,138_| ||_93,778_
_141,138_| ||**_93,341_**
**_86,712_**| ||**_93,341_**
**_86,712_**| ||**_-_**
_-_
**_-_**
_-_
**_-_**
_-_
**_-_**
_93,341_
**_93,341_**
**_86,712_**
**_-_**
_-_
_1,941,854_
**_1,941,854_**
_1,855,142_
**_-_**
_-_| ||**_2,035,195_**
**_2,035,195_**
**_1,941,854_**| 1 ## _**SRI GURU GOBIND SINGH GURDWARA BALANCE SHEET AS AT 31 MARCH 2024**_ |**_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_
**_2024_**
_2023_
_1,706,733_
_-_
**_1,706,733_**
**_1,708,230_**
_-_
_-_
**_-_**| |---|---| ||_1,706,733_
_-_
**_1,708,230_**| ||_312,089_
_-_
**_312,089_**
_-_
_-_
**_-_**
_-_
_17,983_
**_17,983_**
_235,474_| ||_330,072_
_-_
**_330,072_**
_235,474_| ||_1,610_
**_1,610_**
_1,850_| ||_328,462_
_-_
**_328,462_**
_233,624_| ||| ||**_2,035,195_**
**_-_**
**_2,035,195_**
**_1,941,854_**| ||-
_-_
_-_
_-_| ||**_2,035,195_**
**_-_**
**_2,035,195_**
**_1,941,854_**| ||_2,035,195_
**_2,035,195_**
_1,941,854_
_-_
**_-_**
_-_
_-_| ||**_2,035,195_**
**_-_**
**_2,035,195_**
**_1,941,854_**| ||_-------------------------------------------------------------------_| _Name_ _BALBER SINGH_ _PARKASH SINGH_ _Date of Approval_ _-----------------------------------------------------------------------_ 2 ## _**SRI GURU GOBIND SINGH GURDWARA**_ ## _**FOR THE YEAR ENDED 31 MARCH 2024**_ ## _**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 2024**_ ## _**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 2024**_ ## _**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 2024**_ ## _**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_|**_2024_**
**_£_**
**_-_**
**_-_**
**_-_**
**_-_**
**_-_**
_14,666_
_45,187_
_126,604_
_662_
**_187,119_**
_-_|_2023_
**_£_**
_-_
_-_
_-_
_-_
_-_
_2,953_
_36,822_
_187,714_
_361_| |---|---|---| |||**_227,850_**| |||_-_| |**_Total_**
_Investment income_
**_Total_**
_Incoming resources from charitable activities_
**_Total_**|_-_
_-_
_-_
_-_
_-_|_-_| |---|---|---| |||| |||_-_| |||_-_| |||_-_| 6 ## _**SRI GURU GOBIND SINGH GURDWARA FOR THE YEAR ENDED 31 MARCH 2024**_ ## _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_|**_2024_**
_2023_
**_£_**
_£_| |---|---| ||**_-_**
_-_| ||| ||**_-_**
**_-_**| ||_-_
**_-_**
_-_| ||**_-_**
_-_| ||_96_
_151_
_-_
_7,801_
_-_
_40,822_
_-_
_-_
_-_
_28,332_
_-_
_-_
_-_
_5,343_
_-_
_141,138_
_11,232_
_-_| ||_93,778_
_141,138_| ||**_-_**
_-_
**_1,610_**
_1,805_| 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_**
**_2024_**
_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_**
**_2024_**
_Independent examiner's or auditors' fees for_
**_1,610_**
_reporting on the accounts_
_Other fees (e.g. advise, consultancy, accountancy,_
**_-_**
_services) paid to the independent examiner or auditor._
**_1,610_**|_FundraisinCharitable GovernancTotal Cost_
_activity_
_activity_
_activity_
_None_
_None_
_None_
_None_|_FundraisinCharitable GovernancTotal Cost_
_activity_
_activity_
_activity_
_None_
_None_
_None_
_None_|_None_| |---|---|---|---| ||_-_
_-_
_-_
_-_||_-_| ||||_2023_
_None_
_N/A_| ||||_-_| ||||_2023_
_1,805_
_-_| |||**_1,610_**|_1,805_| 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._|**_2024_**
**_£_**
**_-_**
**_-_**|_2023_
_-_| |---|---|---| |||**_-_**| |||| 9 ## _**SRI GURU GOBIND SINGH GURDWARA NOTES TO THE ACCOUNTS**_ |**_Grantmaking_**
**_8.1 Total Value of grants_**
**_Total_**
**_8.2 Grantmaking costs_**|**_Grants to_**
**_Institutions_**
_Individuals_
**_Total_**
_£_
**_-_**| |---|---| _The Charity does not prepare accounts based on ''Activity Basis''_ |**_8.3 Material Grants to Institutions_**
_Names of Institutions_
_Purpose_
**_Total_**|**_Total Grant_**
**_Paid_**
_£_| |---|---| ||_-_| 10 ## _**SRI GURU GOBIND SINGH GURDWARA NOTES TO THE ACCOUNTS**_ ## _**Note 9 TANGIBLE FIXED ASSETS**_ ## _**9.1 cost or valuation**_ |_Balance b/fwd from 2023_
_Additions_
_Disposals_
_Transfers_
_Balance c/fwd_|_Freehold_
_Other_
_Land &_
_Land &_
_Buildings_
_Buildings_
_£_
_£_
_1,700,747_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_1,700,747_
_-_|_Fixtures,_
_Fittings &_
_Equipments_
_£_
_21,059_
_-_
_-_
_-_
_-_
_21,059_|**_Total_**
_£_
_1,721,806_
_-_
_-_
_-_
_-_
_-_| |---|---|---|---| ||||_1,721,806_| ## _**9.2 Accumlated depreciation and impairment provisions**_ |**_Basis_**
**_Rate_**
_Balance b/fwd from 2023_
_Charge for the year_
_Impairment provisions_
_Revaluations_
_Disposals_
_Transfers_
_Balance c/fwd_
**_9.3 Net book value_**
_Carried forward_
_Brought forward_|_SL or RB_
_SL or RB_
_0%_
_0%_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_1,700,747_
_-_
_-_
_1,700,747_
_-_
_-_|_SL or RB_
_20%_
_13,576_
_1,497_
_-_
_-_
_-_
_-_
_15,072.60_
_5,986_
_9,354_|_13,576_
_1,497_
_-_
_-_| |---|---|---|---| ||||_15,072.60_| ||||_1,706,733_
_1,710,101_| ## _**9.4 Revaluation**_ _The Charity has not revalue any of its 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_**|**_2024_**
_2023_
**_2024_**
_2023_
**_£_**
_£_
_£_
_£_
**_-_**
_-_
_-_
_-_
**_-_**
_-_
_-_
_-_
**_-_**
_-_
_-_
_-_
**_-_**
_-_
_-_
_-_
_Amounts falling due_
_within one year_
_Amounts falling due after_
_more than one year_| |---|---| ||**_-_**
_-_
_-_
_-_| ||**_2024_**
_2023_
_2024_
_2023_
**_£_**
_£_
_£_
_£_
**_-_**
_-_
_-_
_-_
**_-_**
_-_
_-_
_-_
_-_
_-_
**_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