**Charity number: 1133712**
## **GURDWARA SRI GURU SINGH SABHA DERBY**
**Trustees' report and financial statements**
**for the year ended 31 December 2023**
## **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 2023**
## **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 30th September 2024 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 2023.
## **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**
## **30th September 2024**
**Page 3**
## **GURDWARA SRI GURU SINGH SABHA DERBY**
## **Statement of financial activities**
## **For the year ended 31 December 2023**
|||**Unrestricted**||**2023**||**2022**||
|---|---|---|---|---|---|---|---|
|||**funds**||**Total**||**Total**||
||**Notes**|**£**||**£**||**£**||
|**Incoming resources**||||||||
|Donations|2|289,419||289,419||354,817||
|Income from investments|3|19,525||19,525||18,000||
|Other incoming resources|4|66,263||66,263||17,813||
|**Total incoming resources**||375,207||375,207||390,630||
|**Resources expended**||||||||
|Staff costs||97,723||97,723||68,345||
|Rent, rates and service charge||-||-||3,592||
|Insurance||9,026||9,026||8,000||
|Light and heat||25,816||25,816||29,417||
|Repairs and maintenance||31,726||31,726||9,981||
|Printing, postage and stationery||998||998||106||
|Advertising||2,865||2,865||1,325||
|Telephone||1,211||1,211||1,041||
|Motor expenses||1,136||1,136||1,346||
|Travelling||-||-||3,510||
|Promotional activities||12,201||12,201||6,214||
|Legal and professional||536||536||2,734||
|Accountancy fees||4,075||4,075||3,200||
|Donations paid||2,400||2,400||-||
|Deg & langer||35,608||35,608||30,787||
|General expenses||475||475||6,646||
|Depreciation & amortisation||46,914||46,914||46,916||
|Interest and charges||53,680||53,680||30,393||
|Total resources expended||(326,390|)|(326,390|)|(253,553|)|
|||||||||
|**Net movement in funds**||48,817||48,817||137,077||
|Total funds brought forward||1,431,401||1,431,401||1,294,324||
|**Total funds carried forward**||1,480,218||1,480,218||1,431,401||
**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 2023**
|**Notes**
**Fixed assets**
Museum
**7**
Tangible assets
**8**
**Current assets**
Cash at bank and in hand
**Creditors: amounts falling**
**due within one year**
**9**
**Net current assets**
**Total assets less current**
**liabilities**
**Creditors: amounts falling due**
**after more than one year**
**10**
**Net assets**
**Funds**
Unrestricted funds
**12**|**2023**
**£**
**£**
22,306
1,834,865
1,857,171
517,827
517,827
)
(105,095
412,732
2,269,903
)
(789,685
1,480,218
1,480,218
1,480,218|**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|
|---|---|---|
The financial statements were approved by the Trustees on 30 September 2024 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 2023**
## **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.
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.
## **2. Donations**
|**Unrestricted**
**funds**
**£**
Ins - donations 1
289,419
289,419|**2023**
**£**
289,419
289,419|**2022**
**£**
354,817|
|---|---|---|
|||354,817|
**Page 6**
## **GURDWARA SRI GURU SINGH SABHA DERBY**
## **Notes to the financial statements for the year ended 31 December 2023**
|**3.**
**Investment income**
**Unrestricted**
**funds**
**£**
Inc - Income from investment properties
19,525
19,525
**4.**
**Other incoming resources**
**Unrestricted**
**funds**
**£**
Inc - Other inc - Tax reclaimed
66,263
66,263
**5.**
**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
96,461
Other pension costs
1,262
97,723
**Unrestricted**
**£**
Wages and salaries
96,461
Other pension costs
1,262
97,723|**2023**
**2022**
**£**
**£**
19,525
18,000
19,525
18,000
**2023**
**2022**
**£**
**£**
66,263
17,813
66,263
17,813
**2023**
**2022**
**Number**
**Number**
8
5
**2023**
**2022**
**£**
**£**
96,461
67,094
1,262
1,251
97,723
68,345
**2023**
**2022**
**£**
**£**
96,461
67,094
1,262
1,251
97,723
68,345|**2023**
**2022**
**£**
**£**
19,525
18,000
19,525
18,000
**2023**
**2022**
**£**
**£**
66,263
17,813
66,263
17,813
**2023**
**2022**
**Number**
**Number**
8
5
**2023**
**2022**
**£**
**£**
96,461
67,094
1,262
1,251
97,723
68,345
**2023**
**2022**
**£**
**£**
96,461
67,094
1,262
1,251
97,723
68,345|
|---|---|---|
|||**2022**
**£**
67,094
1,251|
|||68,345|
|||**2022**
**£**
67,094
1,251|
|||68,345|
**Page 7**
**GURDWARA SRI GURU SINGH SABHA DERBY**
## **Notes to the financial statements for the year ended 31 December 2023**
## **6. 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 £1,262 (2022 - £1,251).
## **7. Museum**
|**Museum**||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
||||||**Museum**|||||**Total**||
||||||||**£**|||**£**||
|**Cost**||||||||||||
|At 1 January 2023|||||||19,930|||19,930||
|Additions|||||||2,376|||2,376||
|At 31 December 2023|||||||22,306|||22,306||
|**Net book values**||||||||||||
|At 31 December 2023|||||||22,306|||22,306||
|At 31 December 2022|||||||19,930|||19,930||
||**Land and**||**Fixtures,**|||||||||
|**Tangible fixed assets**|**buildings**||**fittings and**||**Motor**|||||||
||**freehold**||**equipment**||**vehicles**||||**Total**|||
|||**£**||**£**|||**£**|||**£**||
|**Cost**||||||||||||
|At 1 January 2023|2,320,390|||126,824|||19,731||2,466,945|||
|Additions||12,184||489|||-|||12,673||
|At 31 December 2023|2,332,574|||127,313|||19,731||2,479,618|||
|**Depreciation**||||||||||||
|At 1 January 2023||451,286||126,823|||19,730|||597,839||
|Charge for the year||46,425||489|||-|||46,914||
|At 31 December 2023||497,711||127,312|||19,730|||644,753||
|**Net book values**||||||||||||
|At 31 December 2023|1,834,863|||1|||1||1,834,865|||
|At 31 December 2022|1,869,104|||1|||1||1,869,106|||
## **8. Tangible fixed assets**
**Page 8**
## **GURDWARA SRI GURU SINGH SABHA DERBY**
## **Notes to the financial statements for the year ended 31 December 2023**
|**9.**
**Creditors: amounts falling due**
**within one year**
Bank loan
Pension
Other taxes and social security costs
Other creditors
Accruals and deferred income|**2023**
**£**
83,060
246
1,288
17,101
3,400
105,095|**2022**
**£**
60,665
-
462
-
3,000|
|---|---|---|
|||64,127|
||Bank loans have been secured against the properties, which are 1-7 Princess Street, Derby & 400|Bank loans have been secured against the properties, which are 1-7 Princess Street, Derby & 400|Aldridge Road,|
|---|---|---|---|
||Perry Barr, Birmingham.|||
|**10.**|**Creditors: amounts falling due**|||
||**after more than one year**|**2023**|**2022**|
|||**£**|**£**|
||Bank loans|789,685|822,985|
Bank loans have been secured against the properties, which are 1-7 Princess Street, Derby & 400 Aldridge Road, Perry Barr, Birmingham.
## **11. Analysis of net assets between funds**
|**Analysis of net assets between funds**|||||
|---|---|---|---|---|
||**Unrestricted**||**Total**||
||**funds**||**funds**||
||**£**||**£**||
|Fund balances at 31 December 2023 as represented by:|||||
|Tangible fixed assets|1,857,171||1,857,171||
|Current assets|517,827||517,827||
|Current liabilities|(105,095|)|(105,095|)|
|Long-term liabilities|(789,685|)|(789,685|)|
||1,480,218||1,480,218||
**Page 9**
## **GURDWARA SRI GURU SINGH SABHA DERBY**
## **Notes to the financial statements for the year ended 31 December 2023**
|**12.**|**Unrestricted funds**|**1 January**|**Incoming**|**Outgoing**||**31 December**|
|---|---|---|---|---|---|---|
|||**£**|**£**|**£**||**£**|
||Unrestricted Fund|1,431,401|375,207|(326,390|)|1,480,218|
|||1,431,401|375,207|(326,390|)|1,480,218|
**Page 10**