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|||Page||
|---|---|---|---|
|Report ofthe Custodian<br>Trustees|I|to|2|
|Report ofthe Independent<br>Auditors|3|to|5|
|Statement ofFinancial Activities||||
|Balance Sheet||||
|Notes to the Financial Statements|8|to|14|
|Detailed Statement ofFinancial Activities|I5|to|l6|





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|REFERENCE AND|REFERENCE AND|ADMINISTRATIVE DETAILS|
|---|---|---|
|Registered<br>Charity||number|
|1107100|||
|Principal address|||
|50 Wilbury<br>Way|||
|Hitchin|||
|Herts|||
|SG4 OTP|||
|Custodian<br>Trustees|||
|Baldev Singh|||
|Jhalman<br>Singh Lidder|||
|Shangar Singh Thind|||
|Sucha Singh Phgura|||
|Harchet Singh Bains|||
|Auditors|||
|Mr Domenico Maurello|||
|FCCA|||
|Keelings Limited|||
|Statutory<br>Auditors,|Chartered Tax Advisers||
|and Chartered<br>Certified Accountants|||
|Broad House|||
|I The Broadway|||
|Old Hatfield|||
|Hettfordshire|||
|AL9 SBG|||






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|||||||2022|2021|
|---|---|---|---|---|---|---|---|
|||||Unrestricted|Restricted|Total|Total|
|||||fund|funds|funds|funds|
||||Notes|f||||
|INCOME|AND ENDOWMENTS FROM|||||||
|Donations|and legacies||2|200,486||200,486|222,426|
|Investment|income||3|113400||113~0|122,902|
|Total||||~313986||313,986|345,328|
|EXPENDITURE ON||||||||
|Raising funds|||||||(150,182)|
|||||199,018||199,018|150,513|
|Total||||199,018||199,018|331|
|NET INCOME||||114,968||114,968|344,997|
|RECONCILIATION||OF FUNDS||||||
|Total funds|brought forward|||3,816,883||3,816,883|3,471,886|
|TOTAL FUNDS CARRIED FORWARD||||3,931,851|-|~3,931851|~3816,883|





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|BALANCE SHEET<br>31DECEMBER2022|||||||
|---|---|---|---|---|---|---|
||||||2022|2021|
||||Unrestricted|Restricted|Total|Total|
||||fund|funds|funds|funds|
|||Notes|||||
|FIXEDASSETS|||||||
|Tangible assets||9|2,411,655||2,411,655|2,442,700|
|Investment<br>properties||10|~1525000||~1,525000|~1525,000|
||||3,936,655||3,936,655|3,967,700|
|CURRENT ASSETS|||||||
|Debtors<br>Cash at bank and in hand||ll|14,100<br>~83 49||14,100<br>83,549|23,930<br>237,698|
||||97,649||97,649|261,628|
|CREDITORS|||||||
|Amounts<br>falling due within|one year|l2|(14,406)||(14,406)|(6,865)|
|NET CURRENT ASSETS|||83,243||83443|254,763|
|TOTAL ASSETSLESSCURRENT LIABILITIES|||4,0192)98||4,019,898|4,222,463|
|CREDITORS|||||||
|Amounts<br>falling due afier more than one year||13|(88,047)||(88,047)|(405,580)|
|NET ASSETS|||~331,851||3,931,851|3,816,883|
|FUNDS|||||||
|Unrestricted<br>funds|||||3,931,851|3,661,883|
|Restricted funds||||||155,000|
|TOTAL FUNDS|||||3,931,S51|3,816,883|





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|DONATIONS|AND LE|GACI|ES|||||
|---|---|---|---|---|---|---|---|
|||||||2022|2021|
||||||||f|
|Donations||||||137,809|145,660|
|Gift aid|||||||25,488|
|Grants|||||||5,879|
|Donated<br>services and facilities||||||59,377|45,399|
|Other income||||||3,300||
|||||||200,486|222,426|
|Grants received, included||in the|above, are as follows:|||||
|||||||2022|2021|
|Job Retention|Scheme grant||||||5,879|
|INVESTMENT INCOME||||||||
|||||||2022|2021f|
|Rents received||||||113,500|~122 902|
|SUPPORT COSTS||||||||
|||||||Governance||
||||Management<br>f.|Finance<br>6|Otherf|costs|Totals|
|Other resources expended|||26,742|15,271|117,768|2,782|162,563|



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|FOR|THE YEAR ENDED|31DECEMBE|R 2022||||
|---|---|---|---|---|---|---|
|7.|STAFFCOSTS||||||
||||||2022|2021|
||Wages and salaries||||36,028|30,336|
||Other pension costs||||427|273|
||||||36,455|30,609|
||The average<br>monthly|number ofemployees||during the year was as follows:|||
||||||2022|2021|
||Religious workers||||4|4|
||No employees<br>received emoluments||in excess off60,000.||||
||COMPARATIVES|FOR THE STATEMENT OF FINANCIAL ACTIVITIES|||||
|||||Unrestricted|Restricted|Total|
|||||fundf|fundsf|fundsf|
||INCOME AND ENDOWMENTS||FROM||||
||Donations<br>and legacies|||222,426||222,426|
||Investment<br>income|||122,902||122,902|
||Total|||~345 328||~345 328|
||EXPENDITURE ON||||||
||Raising funds|||4,818|(155,000)|(150,182)|
||Other|||150,513||150,513|
||Total|||~155331|~155000)|331|
||NET INCOME|||189,997|155,000|344,997|
||RECONCILIATION OF FUNDS||||||
||Total funds brought|forward||3,471,886||3,471,886|
||TOTAL FUNDS CARRIED FORWARD|||3,661,883|155,000|3,816,883|





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|TANGIBLE FIXEDASSETS|||||
|---|---|---|---|---|
|||Fixtures|||
||Freehold|and|Motor||
||property|fittings|vehicles|Totals|
|COST|||||
|At I January 2022 and 31 December 2022|2,612,419|113,652|17,128|2,743,199|
|DEPRECIATION|||||
|At I January 2022|178358|111,035|11,106|300,499|
|Charge for year|28,681|858|1,506|31,045|
|At 31 December 2022|207,039|111,893|12,612|331,544|
|NET BOOKVALUE|||||
|At 31 December 2022|2,405080|1,759|4,516|2,411,655|
|At 31 December 2021|2,434,061|2,617|6,022|2,442,700|



|10,|INVESTMENT PROPERTIES|INVESTMENT PROPERTIES|||||
|---|---|---|---|---|---|---|
||FAIRVALUE||||||
||At I January 2022||||||
||and 31 December 2022|||||1,525,000|
||NET BOOKVALUE||||||
||At 31December 2022|||||1,525,000|
||At 31 December 2021|||||~1,525 000|
||Included<br>in investment|properties|is freehold|land valued atf275,000 (2021 - f275,000).|||
||Fair value at 31December 2022 is represented|||by:|||
|||||||g|
||Valuation<br>in 2020|||||565,000|
||Valuation<br>in 2021|||||155,000|
||Cost|||||805,000|
|||||||1,525,000|
|11.|DEBTORS:AMOUNTS FALLING DUE WITHIN ONE YEAR||||||
||||||2022|2021|
||||||6|f.|
||Trade debtors||||14,100|14,100|
||Other debtors|||||9,830|
||||||14,100|23,930|





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|FOR|THE YEAR ENDED 31DECEMBER 2022|THE YEAR ENDED 31DECEMBER 2022|THE YEAR ENDED 31DECEMBER 2022||||
|---|---|---|---|---|---|---|
|12.|CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR||||||
||||||2022|2021|
||Trade creditors|||||190|
||Social security|and other taxes|||700|80|
||VAT||||3,525|2,350|
||Other creditors|and accruals|||10,181|4245|
||||||14,406|6,865|
|13.|CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN|||ONE YEAR|||
||||||2022|2021|
|||||||f|
||Bank loans (see note 14)||||88,047|~405 580|
|14.|LOANS||||||
||An analysis ofthe maturity ofloans is given below:||||||
||||||2022<br>f|202lf|
||Amounts<br>falling due between two||and five years:||||
||Bank loans - 2-5years||||88,047|405.580|
|15.|MOVEMENT IN FUNDS||||||
||||||Net||
||||||movement|At|
|||||At l.l.22|in funds|31.12.22|
|||||f|f|f|
||Unrestricted|funds|||||
||General fund|||33)16,883|114,968|3,931,851|
||TOTAL FUNDS|||~3,816883|114WS|3,931,851|
||Net movement|in funds, included|in the above are as follows:||||
|||||Incoming|Resources|Movement|
|||||resources|expended<br>f|in funds<br>f|
||Unrestricted|funds|||||
||General fund|||313,986|(199,018)|114,96S|
||TOTAL FUNDS|||313,986|iI199,01S)|~114968|





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|||||||Net||
|---|---|---|---|---|---|---|---|
|||||||movement|At|
||||||At 1.1.21|in funds|31.12.21|
|||||||f|f.|
|Unrestricted<br>funds||||||||
|General<br>fund|||||3,471,886|189,997|3,661,883|
|Restricted funds||||||||
|Fair value reserve||||||155,000|155.000|
|TOTAL FUNDS|||||3,471,886|344,997|~3,816883|
|Comparative<br>net movement|in funds,|included|in the above are|as follows:||||
||||||Incoming|Resources|Movement|
||||||resources|expended<br>f|in funds|
|Unrestricted<br>funds||||||||
|General fund|||||345,328|(155,331)|189,997|
|Restricted funds||||||||
|Fair value reserve||||||155,000|155,000|
|TOTALFUNDS|||||345,328|~331)|344,997|
|A current year 12months|and prior year 12months combined|||position|is as follows:|||
|||||||Net||
|||||||movement|At|
||||||At 1.1.21|in funds|31.12.22|
||||||f|||
|Unrestricted<br>funds||||||||
|General fund|||||3,471,886|304,965|3,776,851|
|Restricted funds||||||||
|Fair value reserve||||||155,000|155,000|
|TOTAL FUNDS|||||3,471,886|459,965|3,931,851|



||Incoming|Resources|Movement|
|---|---|---|---|
||resources|expended<br>f.|in fundsf|
|Unrestricted<br>funds||||
|General<br>fund|659,314|(354,349)|304,965|
|Restricted funds||||
|Fair value reserve||155,000|155,000|
|TOTAL FUNDS|~659 314|(199,349)|459,965|





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|FORTHE YEA|R ENDED 31DECEMBER 2022|||
|---|---|---|---|
|||2022f|2021<br>f|
|INCOME AND|ENDOWMENTS|||
|Donations<br>and legacies||||
|Donations||1372109|145,660|
|Gift aid|||25,488|
|Grants|||5,879|
|Donated services <br>Other income|and facilities|59477<br>~300|45,399|
|||200,486|222,426|
|Investment<br>income||||
|Rents received||113000|122,902|
|Total incoming|resources|313,986|345,328|
|EXPENDITURE||||
|Other||||
|Wages &social|security|36,028|30,336|
|Pensions||427|273|
|||36,455|30,609|
|Support costs||||
|Management||||
|Telephone||1,316|956|
|Postage and stationery||461|756|
|Advertising||250|225|
|Sundries||449|651|
|Food and consumables||7,809|2,828|
|Motor, travel and subsistence||155|150|
|Sikh preaching|&Keertan|11,440|3,367|
|Youth related activities||74|6,038|
|Audio and visual||411|1,674|
|Professional<br>fees||77|3,176|
|Gurbani classes||4400||
|||26,742|19,821|
|Finance||||
|Bank charges||528|3,553|
|Bank interest||~14 743|4,818|
|||15,271|8,371|
|Other||||
|Rates, water and utilities||16,662|2,474|
|Insurance||3,283|5,929|
|Light and heat||26,719|22,149|
|Repairs and renewals||40,059|28,588|
|Freehold property||28,681|29,266|
|Fixtures and fittings<br>Motor vehicles||858<br>1~6|3,238<br>2,007|
|||117,768|93,651|





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|FORTHE YE|AR ENDED|31DECEMBER 2022|||
|---|---|---|---|---|
||||2022f|2021|
|Other|||||
|Gain/loss<br>on|revaluation|on assets|||
|Gain on revaluation||||(155,000)|
|Governance|costs||||
|Auditors'<br>remuneration|||1,250|1,250|
|Accountancy|and legal fees||1,532|1,629|
||||~2782|2,879|
|Total resources|expended||199,018|331|
|Net income|||114,968|344,997|