**REGISTERED CHARITY NUMBER: 1107100** **REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020** ## **FOR** **SRI GURU SINGH SABHA HITCHIN** Jones Hunt & Keelings Chartered Certified Accountants and Chartered Tax Advisers 71 Knowl Piece Wilbury Way Hitchin SG4 0TY **SRI GURU SINGH SABHA HITCHIN** ## **CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020** |||**Page**|| |---|---|---|---| |**Report of the Trustees**|1|to|2| |**Independent Examiner's Report**||3|| |**Statement of Financial Activities**||4|| |**Balance Sheet**||5|| |**Notes to the Financial Statements**|6|to|11| |**Detailed Statement of Financial Activities**|12|to|13| **SRI GURU SINGH SABHA HITCHIN** ## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2020** The trustees present their report with the financial statements of the charity for the year ended 31 December 2020. 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 1 January 2019). ## **STRUCTURE, GOVERNANCE AND MANAGEMENT** ## **Governing document** The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity. ## **Organisational structure** An executive board of up to 15 members, meet at least quarterly, to administer the charity. There are ad-hoc sub-committees where applicable to cover development, membership, finance and audit. The Executive Board members who served during the year ended 31 December 2020 were as follows: Mandeep Singh Basra (Chairman) Gurjeet Singh (General Secretary) Amrik Singh Shergill (Treasurer) Balbir Singh Santokh Singh Takhar Gurjit Singh Kalirai Jatinder Singh Matharu Harvinder Singh Pooni Surjit Singh Sidhu Gurcharan Singh Flora Surtar Singh Bachra Balraj Singh Dulay Shamsher Singh Bachra Joginder Singh Khera Sukhwinder Singh Dhaliwal ## **Risk management** The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. ## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number** 1107100 ## **Principal address** 50 Wilbury Way Hitchin Herts SG4 0TP **Trustees** B Singh J Singh Lidder S Singh Thind S Singh Phgura H S Bains **Independent Examiner** Mr Domenico Maurello FCCA Jones Hunt & Keelings Chartered Certified Accountants and Chartered Tax Advisers 71 Knowl Piece Wilbury Way Hitchin SG4 0TY Page 1 **SRI GURU SINGH SABHA HITCHIN** ## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2020** Approved by order of the board of trustees on 22 October 2021 and signed on its behalf by: B Singh - Trustee Page 2 ## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF SRI GURU SINGH SABHA HITCHIN** ## **Independent examiner's report to the trustees of Sri Guru Singh Sabha Hitchin** I report to the charity trustees on my examination of the accounts of Sri Guru Singh Sabha Hitchin (the Trust) for the year ended 31 December 2020. ## **Responsibilities and basis of report** As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act'). I report in respect of my examination of the Trust's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. ## **Independent examiner's statement** I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: 1. accounting records were not kept in respect of the Trust as required by section 130 of the Act; or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Mr Domenico Maurello FCCA Jones Hunt & Keelings Chartered Certified Accountants and Chartered Tax Advisers 71 Knowl Piece Wilbury Way Hitchin SG4 0TY 22 October 2021 Page 3 **SRI GURU SINGH SABHA HITCHIN** ## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2020** |Notes
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
2
Investment income
3
**Total**
**EXPENDITURE ON**
Other
**NET INCOME**
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
**TOTAL FUNDS CARRIED FORWARD**|**2020**
Unrestricted
Restricted
**Total**
fund
funds
**funds**
£
£
**£**
**124,308**
**-**
**124,308**
**83,224**
**-**
**83,224**
**207,532**
**-**
**207,532**
**130,824**
**(565,000)**
**(434,176)**
**76,708**
**565,000**
**641,708**
**2,830,178**
**-**
**2,830,178**
**2,906,886**
**565,000**
**3,471,886**|2019
Total
funds
£
236,691
54,590| |---|---|---| |||291,281
192,301| |||98,980
2,731,198| |||2,830,178| The notes form part of these financial statements Page 4 **SRI GURU SINGH SABHA HITCHIN** ## **BALANCE SHEET 31 DECEMBER 2020** |Notes
**FIXED ASSETS**
Tangible assets
8
Investment properties
9
**CURRENT ASSETS**
Debtors
10
Cash at bank and in hand
**CREDITORS**
Amounts falling due within one year
11
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS CURRENT LIABILITIES**
**NET ASSETS**
**FUNDS**
12
Unrestricted funds
Restricted funds
**TOTAL FUNDS**|Unrestricted
fund
£
**2,477,211**
**805,000**
**3,282,211**
**-**
**79,784**
**79,784**
**(455,109)**
**(375,325)**
**2,906,886**
**2,906,886**|Restricted
funds
£
**-**
**565,000**
**565,000**
**-**
**-**
**-**
**-**
**-**
**565,000**
**565,000**|**2020**
**Total**
**funds**
**£**
**2,477,211**
**1,370,000**
**3,847,211**
**-**
**79,784**
**79,784**
**(455,109)**
**(375,325)**
**3,471,886**
**3,471,886**
**2,906,886**
**565,000**
**3,471,886**|2019
Total
funds
£
2,509,191
390,000
2,899,191
452
296,394
296,846
(365,859)
(69,013)
2,830,178
2,830,178
2,830,178
-
2,830,178| |---|---|---|---|---| The financial statements were approved by the Board of Trustees and authorised for issue on 22 October 2021 and were signed on its behalf by: B Singh - Trustee The notes form part of these financial statements Page 5 **SRI GURU SINGH SABHA HITCHIN** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020** ## **1. 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 (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 2019)', Financial Reporting Standard 102 'The 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. ## **Income** All income 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. ## **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. ## **Tangible fixed assets** Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Freehold property - in accordance with the property Fixtures and fittings - 10% on cost Motor vehicles - 25% on reducing balance ## **Investment property** Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the Statement of 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 of the nature and purpose of each fund is included in the notes to the financial statements. ## **Pension costs and other post-retirement benefits** The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate. ## **Government grants** Government grants given in respect of the Coronavirus Job Retention Scheme have been accounted for under the accrual model, recognised as other income against the period to which they relate. During the year, £16,836 (2019 - nil) has been recognised. There were no unfulfilled conditions or contingencies attached to the grant. continued... Page 6 **SRI GURU SINGH SABHA HITCHIN** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020** ## **2. DONATIONS AND LEGACIES** |**2020**
**£**
Donations
**58,305**
Gift aid
**24,297**
Grants
**16,836**
Donated services and facilities
**24,870**
**124,308**
Grants received, included in the above, are as follows:
**2020**
**£**
Other grants
**16,836**
**3.**
**INVESTMENT INCOME**
**2020**
**£**
Rents received
**83,223**
Deposit account interest
**1**
**83,224**
**4.**
**SUPPORT COSTS**
Management
Finance
£
£
Other resources expended
**15,052**
**246**
Gain/loss
on
revaluation
Governance
on assets
costs
£
£
Other resources expended
**(565,000)**
**1,589**|2019
£
142,481
37,352
-
56,858|2019
£
142,481
37,352
-
56,858| |---|---|---| ||236,691|| |||2019
£
-| |||2019
£
54,571
19| |||54,590| |||Other
£
**78,037**| ||Totals
£
**(470,076)**|| ## **5. TRUSTEES' REMUNERATION AND BENEFITS** There were no trustees' remuneration or other benefits for the year ended 31 December 2020 nor for the year ended 31 December 2019. ## **Trustees' expenses** There were no trustees' expenses paid for the year ended 31 December 2020 nor for the year ended 31 December 2019. ## **6. STAFF COSTS** |Wages and salaries
Other pension costs
The average monthly number of employees during the year was as follows:
Priests|**2020**
**£**
**35,533**
**367**
**35,900**
**2020**
**4**|2019
£
37,124
348| |---|---|---| |||37,472| |||2019
4| No employees received emoluments in excess of £60,000. continued... Page 7 **SRI GURU SINGH SABHA HITCHIN** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020** |**7.**
**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
Unrestricted
fund
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
236,691
Investment income
54,590
**Total**
291,281
**EXPENDITURE ON**
Other
192,301
**NET INCOME**
98,980
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
2,731,198
**TOTAL FUNDS CARRIED FORWARD**
2,830,178
**8.**
**TANGIBLE FIXED ASSETS**
Fixtures
Freehold
and
property
fittings
£
£
**COST**
At 1 January 2020
**2,607,419**
**113,652**
Additions
**5,000**
**-**
At 31 December 2020
**2,612,419**
**113,652**
**DEPRECIATION**
At 1 January 2020
**119,227**
**103,358**
Charge for year
**29,865**
**4,439**
At 31 December 2020
**149,092**
**107,797**
**NET BOOK VALUE**
At 31 December 2020
**2,463,327**
**5,855**
At 31 December 2019
2,488,192
10,294||Restricted
funds
£
-
-
-
-
-
-
-
Motor
vehicles
£
**17,128**
**-**
**17,128**
**6,423**
**2,676**
**9,099**
**8,029**
10,705||Total
funds
£
236,691
54,590| |---|---|---|---|---| |||||291,281
192,301| |||||98,980
2,731,198| |||||2,830,178| |||||Totals
£
**2,738,199**
**5,000**
**2,743,199**
**229,008**
**36,980**
**265,988**
**2,477,211**
2,509,191| |||||| |||||| |||||| |||||| |||||| Included in cost or valuation of land and buildings is freehold land of £1,000,000 (2019 - £1,000,000) which is not depreciated. continued... Page 8 **SRI GURU SINGH SABHA HITCHIN** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020** |**9.**
**INVESTMENT PROPERTIES**
**FAIR VALUE**
At 1 January 2020
Additions
Revaluation
At 31 December 2020
**NET BOOK VALUE**
At 31 December 2020
At 31 December 2019
Included in investment properties is freehold land valued at £425,000 (2019 - £275,000).
**10.**
**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Other debtors
**11.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Trade creditors
Social security and other taxes
Other creditors and accruals
**12.**
**MOVEMENT IN FUNDS**
At 1.1.20
£
**Unrestricted funds**
General fund
**2,830,178**
**Restricted funds**
Fair value reserve
**-**
**TOTAL FUNDS**
**2,830,178**
Net movement in funds, included in the above are as follows:
Incoming
resources
£
**Unrestricted funds**
General fund
**207,532**
**Restricted funds**
Fair value reserve
**-**
**TOTAL FUNDS**
**207,532**|**2020**
**£**
**-**
**2020**
**£**
**152**
**2,966**
**451,991**
**455,109**
Net
movement
in funds
£
**76,708**
**565,000**
**641,708**
Resources
expended
£
**(130,824)**
**565,000**
**434,176**|**£**
**390,000**
**415,000**
**565,000**|**£**
**390,000**
**415,000**
**565,000**|**£**
**390,000**
**415,000**
**565,000**| |---|---|---|---|---| |||**1,370,000**||| |||**1,370,000**||| ||||390,000|| |||2019
£
452
2019
£
-
1,984
363,875
365,859
At
31.12.20
£
**2,906,886**
**565,000**|2019
£
452
2019
£
-
1,984
363,875|2019
£
452| ||||365,859|| |||**3,471,886**||| |||Movement
in funds
£
**76,708**
**565,000**
**641,708**||| ||||**641,708**|| continued... Page 9 **SRI GURU SINGH SABHA HITCHIN** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020** ## **12. MOVEMENT IN FUNDS - continued** ## **Comparatives for movement in funds** |Net
movement
At 1.1.19
in funds
£
£
**Unrestricted funds**
General fund
2,731,198
98,980
**TOTAL FUNDS**
2,731,198
98,980
Comparative net movement in funds, included in the above are as follows:
Incoming
Resources
resources
expended
£
£
**Unrestricted funds**
General fund
291,281
(192,301)
**TOTAL FUNDS**
291,281
(192,301)
A current year 12 months and prior year 12 months combined position is as follows:
Net
movement
At 1.1.19
in funds
£
£
**Unrestricted funds**
General fund
2,731,198
175,688
**Restricted funds**
Fair value reserve
-
565,000
**TOTAL FUNDS**
2,731,198
740,688
A current year 12 months and prior year 12 months combined net movement in funds, included in the above a
Incoming
Resources
resources
expended
£
£
**Unrestricted funds**
General fund
498,813
(323,125)
**Restricted funds**
Fair value reserve
-
565,000
**TOTAL FUNDS**
498,813
241,875|At
31.12.19
£
2,830,178
2,830,178
Movement
in funds
£
98,980
98,980
At
31.12.20
£
2,906,886
565,000
3,471,886
re as follows:
Movement
in funds
£
175,688
565,000
740,688| |---|---| continued... Page 10 **SRI GURU SINGH SABHA HITCHIN** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020** ## **13. RELATED PARTY DISCLOSURES** The balance due to trustee, committee members and congregation at the balance sheet date was nil (2019: £205,000). Page 11 **SRI GURU SINGH SABHA HITCHIN** ## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2020** |**INCOME AND ENDOWMENTS**
**Donations and legacies**
Donations
Gift aid
Grants
Donated services and facilities
**Investment income**
Rents received
Deposit account interest
**Total incoming resources**
**EXPENDITURE**
**Other**
Wages & social security
Pensions
**Support costs**
**Management**
Telephone
Postage and stationery
Advertising
Sundries
Food and consumables
Motor, travel and subsistence
Punjabi School
Gurpurab expenses
Sikh preaching & Keertan
Youth related activities
Audio and visual
Professional fees
Donations (external)
Motor vehicles
**Finance**
Bank charges
**Other**
Rates, water and utilities
Insurance
Light and heat
Repairs and renewals
Freehold property
Carried forward|2020
£
**58,305**
**24,297**
**16,836**
**24,870**
**124,308**
**83,223**
**1**
**83,224**
**207,532**
**35,533**
**367**
**35,900**
**633**
**452**
**-**
**177**
**902**
**597**
**-**
**700**
**945**
**1,413**
**821**
**-**
**5,736**
**2,676**
**15,052**
**246**
**5,228**
**2,212**
**23,041**
**13,252**
**29,865**
**73,598**|2019
£
142,481
37,352
-
56,858| |---|---|---| |||236,691
54,571
19| |||54,590| |||291,281
37,124
348| |||37,472
843
1,137
290
555
5,132
1,370
7,580
6,526
15,015
4,438
3,060
22,037
4,000
3,568| |||75,551
538
3,407
2,893
29,626
6,338
30,371
72,635| This page does not form part of the statutory financial statements Page 12 **SRI GURU SINGH SABHA HITCHIN** ## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2020** |**DETAILED STATEMENT OF FINANCIAL ACTIVITIES**
**FOR THE YEAR ENDED 31 DECEMBER 2020**||| |---|---|---| |**Other**
Brought forward
Fixtures and fittings
**Gain/loss on revaluation on assets**
Gain on revaluation
**Governance costs**
Accountancy and legal fees
Total resources expended
**Net income**|2020
£
**73,598**
**4,439**
**78,037**
**(565,000)**
**1,589**
**(434,176)**
**641,708**|2019
£
72,635
4,443| |||77,078
-
1,662| |||192,301| |||98,980| This page does not form part of the statutory financial statements Page 13