Charity number: 1133712
GURDWARA SRI GURU SINGH SABHA DERBY
Trustees' report and financial statements
for the year ended 31 December 2022
GURDWARA SRI GURU SINGH SABHA DERBY
Contents
| Page | |
|---|---|
| Legal and administrative information | 1 |
| Trustees report | 2 |
| Independent examiners' report | 3 |
| Statement of financial activities | 4 |
| Balance sheet | 5 |
| Notes to the financial statements | 6 - 10 |
GURDWARA SRI GURU SINGH SABHA DERBY
Legal and administrative information
Status
Constituion adopted 27 December 2009
| Trustees | Rajinder Singh Purewal |
|---|---|
| Bhadur Singh | |
| Ajit Singh | |
| Malkit Singh | |
| Charity number | 1133712 |
| Accountants | P.Gola |
| 31 Oakthorpe Avenue | |
| Leicester | |
| LE3 0UR | |
| Bankers | HSBC |
| Church Street | |
| Ripley | |
| Derbyshire | |
| DE5 2BY |
Page 1
GURDWARA SRI GURU SINGH SABHA DERBY
Trustees' report for the year ended 31 December 2022
Charitable objects
The principal objective of the charity is to promote and advance the Sikh faith, history and culture within the Sikh and the wider community in Derby and the surrounding area.
Statement of trustees' responsibilities
Charity law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity at the year end and of its incoming resources and resources expended during that year. In preparing those financial statements, the trustees are required to:
-
select suitable accounting policies and then apply them consistently;
-
make judgements and estimates that are reasonable and prudent;
-
state whether applicable accounting standards and statements of recommended practice have been followed subject to any departures disclosed and explained in the financial statements; and
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011 . They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The trustees recommend that P.Gola remain in office until further notice.
This report was approved by the trustees on 19th October 2023 and signed on its behalf by
Ajit Singh
Page 2
GURDWARA SRI GURU SINGH SABHA DERBY
Independent examiner's report to the trustees on the unaudited financial statements of GURDWARA SRI GURU SINGH SABHA DERBY.
I report to the trustees on my examination of the accounts of the above charity for the year ended 31st December 2022.
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 of the Charities Act 2011 (the Act) does not apply. It is my responsibility to state, on the basis of procedures specified in the General Directions given by the Charity Commissioners under section 145(5)(b) of the Act, whether particular matters have come to my attention.
Basis of independent examiner's report
My 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 consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts.
Independent examiner's statement
In connection with my examination, no matter has come to our attention:
-
(1) which gives me reasonable cause to believe that in any material respect the requirements
-
to keep accounting records in accordance with section 130 of the Act; and
-
to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the Act
have not been met; or
- (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
P.Gola Chartered Certified Accountant
31 Oakthorpe Avenue Leicester LE3 0UR
19th October 2023
Page 3
GURDWARA SRI GURU SINGH SABHA DERBY
Statement of financial activities
For the year ended 31 December 2022
| Unrestricted | 2022 | 2021 | |||||
|---|---|---|---|---|---|---|---|
| funds | Total | Total | |||||
| Notes | £ | £ | £ | ||||
| Incoming resources | |||||||
| Donations | 2 | 354,817 | 354,817 | 298,920 | |||
| Grants | 3 | - | - | 19,230 | |||
| Income from investments | 4 | 18,000 | 18,000 | 18,800 | |||
| Other incoming resources | 5 | 17,813 | 17,813 | - | |||
| Total incoming resources | 390,630 | 390,630 | 336,950 | ||||
| Resources expended | |||||||
| Staff costs | 68,345 | 68,345 | 65,164 | ||||
| Rent, rates and service charge | 3,592 | 3,592 | 1,498 | ||||
| Insurance | 8,000 | 8,000 | 8,075 | ||||
| Light and heat | 29,417 | 29,417 | 24,758 | ||||
| Repairs and maintenance | 9,981 | 9,981 | 4,335 | ||||
| Printing, postage and stationery | 106 | 106 | 112 | ||||
| Advertising | 1,325 | 1,325 | 1,866 | ||||
| Telephone | 1,041 | 1,041 | 1,067 | ||||
| Motor expenses | 1,346 | 1,346 | - | ||||
| Travelling | 3,510 | 3,510 | - | ||||
| Promotional activities | 6,214 | 6,214 | 10,199 | ||||
| Legal and professional | 2,734 | 2,734 | - | ||||
| Accountancy fees | 3,200 | 3,200 | 5,750 | ||||
| Deg & langer | 30,787 | 30,787 | 15,651 | ||||
| General expenses | 6,646 | 6,646 | 1,195 | ||||
| Depreciation & amortisation | 46,916 | 46,916 | 64,119 | ||||
| Interest and charges | 30,393 | 30,393 | 20,534 | ||||
| Total resources expended | (253,553 | ) | (253,553 | ) | (224,323 | ) | |
| Net movement in funds | 137,077 | 137,077 | 112,627 | ||||
| Total funds brought forward | 1,294,324 | 1,294,324 | 1,181,697 | ||||
| Total funds carried forward | 1,431,401 | 1,431,401 | 1,294,324 |
The notes on pages 6 to 10 form an integral part of these financial statements.
Page 4
GURDWARA SRI GURU SINGH SABHA DERBY
Balance sheet
as at 31 December 2022
| Notes Fixed assets Museum 8 Tangible assets 9 Current assets Cash at bank and in hand Creditors: amounts falling due within one year 10 Net current assets Total assets less current liabilities Creditors: amounts falling due after more than one year 11 Net assets Funds Unrestricted funds 13 |
2022 £ £ 19,930 1,869,106 1,889,036 429,477 429,477 ) (64,127 365,350 2,254,386 ) (822,985 1,431,401 1,431,401 1,431,401 |
2021 £ £ 19,930 1,882,071 1,902,001 306,516 306,516 ) (55,068 251,448 2,153,449 ) (859,125 1,294,324 1,294,324 1,294,324 |
|---|---|---|
The financial statements were approved by the Trustees on 19 October 2023 and signed on its behalf by
Ajit Singh
The notes on pages 6 to 10 form an integral part of these financial statements.
Page 5
GURDWARA SRI GURU SINGH SABHA DERBY
Notes to the financial statements for the year ended 31 December 2022
1. Accounting policies
1.1. Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities and follow the recommendations in 'Accounting and Reporting by Charities: Statement of Recommended Practice' 2005.
1.2. Incoming resources
Voluntary income is received by way of donations and gifts and is included in full in the Statement of Financial Activities when receivable. Gifts donated for resale are included as income when they are sold. Donated assets are included at the value to the charity where this can be quantified and a third party is bearing the cost. The value of services provided by volunteers has not been included.
Grants, including grants for the purchase of fixed assets, are recognised in full in the Statement of Financial Activities in the year in which they are receivable.
Income from investments is included in the year in which it is receivable.
1.3. Resources expended
Resources expended are recognised in the year in which they are incurred.
Support costs are those costs incurred directly in support of expenditure on the objects of the charity and include project management.
Management and administration costs are those incurred in connection with administration of the charity and compliance with constitutional and statutory requirements.
1.4. Tangible fixed assets and depreciation
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:
- Land and buildings Straight line over Fifty years Fixtures, fittings - and equipment 15% straight line Motor vehicles - 25% straight line
1.5. Pensions
The pension costs charged in the financial statements represent the contribution payable by the charity during the year.
Page 6
GURDWARA SRI GURU SINGH SABHA DERBY
Notes to the financial statements for the year ended 31 December 2022
| 2. Donations Unrestricted funds £ Ins - donations 1 354,817 354,817 3. Grant income Inc - Government grants 4. Investment income Unrestricted funds £ Inc - Income from investment properties 18,000 18,000 5. Other incoming resources Unrestricted funds £ Inc - Other inc - Tax reclaimed 17,813 17,813 |
2022 £ 354,817 354,817 2022 £ - - 2022 £ 18,000 18,000 2022 £ 17,813 17,813 |
2021 £ 298,920 |
|---|---|---|
| 298,920 | ||
| 2021 £ 19,230 |
||
| 19,230 | ||
| 2021 £ 18,800 |
||
| 18,800 | ||
| 2021 £ - |
||
| - |
Page 7
GURDWARA SRI GURU SINGH SABHA DERBY
Notes to the financial statements for the year ended 31 December 2022
6. Employees
Number of employees
| Number of employees | ||
|---|---|---|
| The average monthly numbers of employees (including the trustees) during the year were: Gianis Employment costs Charitable expenditure £ Wages and salaries 67,094 Other pension costs 1,251 68,345 Unrestricted £ Wages and salaries 67,094 Other pension costs 1,251 68,345 |
2022 2021 Number Number 5 5 2022 2021 £ £ 67,094 64,151 1,251 1,013 68,345 65,164 2022 2021 £ £ 67,094 64,151 1,251 1,013 68,345 65,164 |
|
| 65,164 |
7. Pension costs
The company operates a defined contribution pension scheme in respect of the employees. The scheme and its assets are held by independent managers. The pension charge represents contributions due from the charity and amounted to £1,251 (2021 - £1,013).
8. Museum
| Museum | ||||
|---|---|---|---|---|
| Museum | Total | |||
| £ | £ | |||
| At 1 January 2022 | 19,930 | 19,930 | ||
| At 31 December 2022 | 19,930 | 19,930 | ||
| Net book values | ||||
| At 31 December 2022 | 19,930 | 19,930 | ||
| At 31 December 2021 | 19,930 | 19,930 |
Page 8
GURDWARA SRI GURU SINGH SABHA DERBY
Notes to the financial statements for the year ended 31 December 2022
| Land and | Land and | Fixtures, | Fixtures, | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 9. | Tangible fixed assets | buildings | fittings and | Motor | |||||||||
| freehold | equipment | vehicles | Total | ||||||||||
| £ | £ | £ | £ | ||||||||||
| Cost | |||||||||||||
| At 1 January 2022 | 2,287,174 | 126,089 | 19,731 | 2,432,994 | |||||||||
| Additions | 33,216 | 735 | - | 33,951 | |||||||||
| At 31 December 2022 | 2,320,390 | 126,824 | 19,731 | 2,466,945 | |||||||||
| Depreciation | |||||||||||||
| At 1 January 2022 | 405,105 | 126,088 | 19,730 | 550,923 | |||||||||
| Charge for the year | 46,181 | 735 | - | 46,916 | |||||||||
| At 31 December 2022 | 451,286 | 126,823 | 19,730 | 597,839 | |||||||||
| Net book values | |||||||||||||
| At 31 December 2022 | 1,869,104 | 1 | 1 | 1,869,106 | |||||||||
| At 31 December 2021 | 1,882,069 | 1 | 1 | 1,882,071 | |||||||||
| 10. | Creditors: amounts falling due | ||||||||||||
| within one year | 2022 | 2021 | |||||||||||
| £ | £ | ||||||||||||
| Bank loans | 60,665 | 51,579 | |||||||||||
| Other taxes and social security costs | 462 | 489 | |||||||||||
| Accruals and deferred income | 3,000 | 3,000 | |||||||||||
| 64,127 | 55,068 | ||||||||||||
| Bank loans have been secured against the properties, which are 1-7 Princess | Street, Derby & 400 | Aldridge Road, | |||||||||||
| Perry Barr, Birmingham. | |||||||||||||
| 11. | Creditors: amounts falling due | ||||||||||||
| after more than one year | 2022 | 2021 | |||||||||||
| £ | £ | ||||||||||||
| Bank loans | 822,985 | 859,125 |
Bank loans have been secured against the properties, which are 1-7 Princess Street, Derby & 400 Aldridge Road, Perry Barr, Birmingham.
Page 9
GURDWARA SRI GURU SINGH SABHA DERBY
Notes to the financial statements for the year ended 31 December 2022
| 12. | Analysis of net assets between funds | ||||
|---|---|---|---|---|---|
| Unrestricted | Total | ||||
| funds | funds | ||||
| £ | £ | ||||
| Fund balances at 31 December 2022 as represented by: | |||||
| Tangible fixed assets | 1,889,036 | 1,889,036 | |||
| Current assets | 429,477 | 429,477 | |||
| Current liabilities | (64,127 | ) | (64,127 | ) | |
| Long-term liabilities | (822,985 | ) | (822,985 | ) | |
| 1,431,401 | 1,431,401 |
| 13. | Unrestricted funds | 1 January | Incoming | Outgoing | 31 December | |
|---|---|---|---|---|---|---|
| £ | £ | £ | £ | |||
| Unrestricted Fund | 1,294,324 | 390,630 | (253,553 | ) | 1,431,401 | |
| 1,294,324 | 390,630 | (253,553 | ) | 1,431,401 |
Page 10