Cornpany registration number.. 04898761 Charity regislralion number= 1135022 G N G COMMUNITY SERVICES LTD TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 SFB group SFB Group Lirnited
G N G Community Servlces Ltd Contents Page Trustees, Report Independent Audilorfs Report Slalement of Fln8ncial Activities {including Income and Expenditure Account) Balan Sheet Notes lo the Financial Slalements 8-12 The following pages do nol form part of the slalulory accounts= Detailed Statement of Financial Activities (including Income and Expenditure Ac¢ounl} 13
G N G Community Seniices Ltd Company No. 04898761 Trustees, Report For The Year Ended 31 March 2025 The trustees present their port and Ihe financial Slalemenls for the year ended 31 March 2025. Oblectlves and Aetlvltla$ Aims and Oblectlves The charity's maln oble¢tive is to act as a resource for children and young people living in Ihe prirnary area of benèfit by providing advi and assistance and organising the pro7510n of childcare within the city of Wolverhamplon. particularly the area of Blakenhall I'lhe prirnary area of benefil'l. In selting the objectives and activities of the charity, the Trustees have exerased due regard lo the public benefit guidance published by the Charities Cornmission. Main activities To prode childcare for children aged O-S years. The charity operates within Blakenhall. Wolverhampton and works wilh the local coundl and community in order to offer a range of fund&d and private nursery places. A¢hl•v•monts and Perforniance Maln Achièv•m•nts Blakenh811 neighbouthood nursery have conlinue(I lo work with the local counal and commuriity and arè pleased that they have been able to continue to offer funded place5 under the 2 year pilot scheme for children aged 2 years who are from a deprived background. During the year Ihey have taken on new children from other local nurseries that have dosed down. They have also held many slay, play and learn sessions to help both new chIldn and paTen15 integrate into the nursery. The Khalsa school continues lo offer weekend classes to children in the local community which are funded and operatsd by the Gurdwara temple. G N G Communily Services Limited continues lo support the Khalsa School by offering the S¢hool use of its premises and facilities. With Senior Staff Changes and resliucture ofthe Management Team. the Nursery has reevaluated and assessed key pèrfoimance indi¢alor5 Ihroughoul. Ensure compliance and ¢onformity to relevant legislative indicators. Financial Revlew R•sèrv•$ Pollcy The charity's freè reserves. excluding fixed assets at the 2025 year end were £303.75512024.' £276,581). It is the policy of the charity that unrestricted funds that have not been designated for a specific use should be built up and maintained at a level equivalent lo one years expenditure. The Itustees ¢onsider that reserves at this level will ensure that. in the event of a significant drop in funding, they will be able lo continue the charitys current acts"vilies whilst consideration is given to ways in which additional funds may be raised. Due to the inflationary rise in costs the Charity has Unrestricted funds equivalent lo 9 months of expendiluie. To cover this shortfall the Charily plan to seek external funding. The trustees ale still building up this reserve of funds which will be kept in a separate reserve account. Flnancial revlew The trustees arè able to report a surplus of £24,67212024= defi¢il £29,838) for the year and the slate of the affairs of the charity at the balance sheet date are consided lo be sa115factory. structure. Governanc• and Management Gov•rnlng Document The Gharily is a private company1Smlted by guarantee wiihout share Capital and is governed by Its memorandum and articles of association. None of the trustees have a beneficlal interest in the company. The liability of the m8mb9rs is limited lo £1 and all of the members have agreed to contrfbute this in the event of the ¢ompany being wound up. Page 1
G N G Community Servlces Ltd Trustees, Report (continued) For The Year Ended 31 March 2025 R•eruitmont and appointment of new trust••$ Any applications received in respect of potential new trustees are reviewed by the exisling truslees and approved by the main board. Ralatèd parti•$ The Trustees of G N G Cornmunily Services Llmited are all mernbers of The Gurdwara. R•f•r•n¢• and Administrative Detalls Trustees S S Sandhu18ppoinled 10104120241 G S Dhaliwal Dsmann H S Sandhu K S Kalon company Secretary G Singh Charlty Number 1135022 Company Number 04898761 Reglstered Offieo GNG Community Senrices Ltd GNG Building Baggot Street Blakenhall Wolverhampton WV2 3AP Audlto SFB Group Lirniled Manor Court Chambers Townsend Drive Nuneaton Warwid(shire CV116RU Page 2
G N G Community Serrfices Lld Trustees. Report (continued) For The Year Ended 31 March 2025 Statement of Trustees. Responslbllltles The InJsiees (who are also Ihe directors ol G N G Comrnunity Service5 Ltd for the purposes of company lawl a responsible for preparing the Trusiees. Report and lh& financial slalemB Thts in accor¢Jance wilh appllcable law and United Kingdorn Accounting Sland3rds (Uniled Kingdorn Generally Accepted Accounting Practice). Company law Tequires the trustees lo prepare finanTral slatemenls I<x oach financial year. Under company law the ITuslees must not approve Ihe fin3nci81 slalernen¢ unless Ihey are satisfied Ihai they give a true and lair view of ihe siète ol affairs of Ihe charilatile company and of th8 Incoming resources and applIon ol resourtes, Induding ihe Income and expendilure. of Ihe charitable company lor that period. In preparing the fin8ncial stalemerils Ihe lrtistees 8re required to: select suitable accounling polides and Ihen apply Ihern consislentsy.. obSee the methods and principles in the Charity SORP: rnaka judgments and accounling eslirnales thal are reasonab 8n¢J prudeni., and prepare the financial 5talements on the going concem basls unles5 It is inappropriate lo presumg Ihal the cornpany will conlinue in busines5. Th8 trustees are responsible lor k8eping adequa18 8ccouniing records which d15dosé with r8asonable accuracy al anyrne Ihe fin8ncial position ol the charitable con)pany and lo enable them lo ensure that the accounts cornply with the Companies Act 2006. They are also responsible for safeguarding Ihe assels of Ihe cornpany and hence lor taking Feasonable steps lor tha preveniion and deleclltsn ol Iraud and other irye9ularilies. The truslee5 are responsible for the maintenance and integnty ol Ihe corporaie and financial inforrnalion included on the charitsblp compan15 Websile. Legislation In Ihe Uniled Kingdom goveming the preparation and disseminalion ol financial slatemenls may *Jiffor Irorn legislaoon in other lunsdicbons. ststement of Dlsclosure ol Infom?3tlon to Auditors Ea¢h ol the pefsons who ai¢ Iruslee5 81 the lime when ihis ITuslee5' report is approved has coThfirme(I that.. so lar as Ihe Iruslo? Is awar6, Ih¢Te is no relevanl aud11 informab'on ol which Ihe charitablo ctsrnpany's auditors are unaware.. and they have laken all Ihe steps Ihèt they oughl lo fvave taken ès ITuslee5 in order to make Ihemselves aware of 8ny relevant audit inloTmalion and lo e5tabli5h that charitable company'5 auditors are aware of thai infomiation. Indvp&ndent Audltors The Audilors, SF8 Group Limiled, will be propose¢J for rt•appoinlmenl al lh& fothc¢Jmin9 Annual General Meeiing. Small Company Rul•$ This report has been prepad in accordance th the special provisions relating lo companie5 5ubje¢l lo the small companies regime withln Part 1 S 01 Ihe Companiè5 A¢t 2006. The InJstees' report was approved by the board of tnJ5tees and signed on ils behell by.. G S Dhaliwal Tru51ee Date Pa9e 3
Independent Auditorfs Report to the Members of G N G Community Services Ltd Oplnlon We have audited the financial statements of G N G Community SeNs Ltd Ithe "¢harily"I for the year ended 31 March 2025 which comprTse the Slalemenl of Financial Actiwties (including Income and Expendilure Account), Balance Sheet and the related notes, including a summary of significant a¢counling policies. The finanaal reporiing framewotk that has been applied in their preparation is applicable law and United lfjngdom Ac¢ounling Standards (United Kingdom Generally ApIed Accounling Pract11, including FRS 102"The Finanoal Reporting Standard applicable in the UK and Republic of Ireland" In our opinion the finanaal statements.. give a Irue and fair view of the state of the charllable company's affairs as al 31 M8T¢h 2025 and of its incomlng resources and application of $OU[ce5, for the year then ended., have been properfy prepared in accordance with United Kingdorn Generally Accept Accounting Practi., and have been prepared in a¢cordan¢e with the requirements of the Companies Aci 2006. Ba$1$ for Opinlon We conducted our audit in accordance with Inlemalional Standards on Auditing {UKI IISAS IUKII and applicable law. Our responslbilitles under those standards are further described in Ihe Auditorfs responsibilib.es for the audit of the financial statements Section of our report. We are independent of the chariiable company in accordance with the elhical requirements that are relevanl lo our audit of the financial statements in the UK. including the FRC'S Ethical Standard, and the provisions available for small entities. in the circumslan¢es set out in note 16 to the financial slalemenls, and we have fvlfilled our other ethical re5ponsibililies in accordance with these requirements. We believe that the audit evidence we have obtained is suffiaent and appropriatè lo provide a basis for our opinion. Concluslons Ralatlng to Going Concern In audiling the financial statements, we have concluded Ihat the trusteès, use of the going concern basls of 8ccounling in the preparation of the financial slalements is appropriale. Based on the work we havè performed, we have not identified any material uncertainties relating lo events or condilions that. individually or collectively. may casl significant doubl on the ch8ritable company's abilily lo continue as a going concern for a period of al least 12 rnonlh5 from when the financial slatements ale aulhorised for issue. Our responsibilities and the SponsIbl11es of the trustees with respect lo going concern are desttibed in the relevant sections of thi5 report. Othor Informatlon The other infomialion comprises the information included in the annual report. olhei ¢han the financial statements and our audilorfs report thereon. The trustees are sponSible for the other infomialion ¢onlained within the annual ieport. Our opinion on the financial statements does not cover the other information and. except to the extent othetwise expliciuy 51ated in our report. we do not express any form of assurance conclusion Ihereon. In connection with our audit of the financial slatements. our responsibility is to ad the other infomiation and, in doing so, consider whelherthe other infortnab.on is materially inconsistent with the finan¢i81 slalements or our knowledge obtained in the audit or otherwis& appears lo be materially misstaled. If we identify such malerial inconsistencies or apparent material mi5$1alements. we are required lo determine whether this gives rise to a material misstatement in the financial slatetnenls themselves. If. based on the work we have performe¢J. we condude that there is a material misstatement of this other information, we ale required lo report that fact. We have nolhing to report in thls regard. Oplnlon$ on Oth•r Matters Prescrlbed by th• Companle$ Act 2006 In our opinion, based on the work undertaken in the course of the audll= the inforrnalion given in the Tnjstees. Report, which includes the Directorfs Report prepared for the purposes of company law. for the financial year for which the financial statements are prepared is consistent with the financial slaternents,. and the DI05 Report included within the Twslees. Report have been prepared in a¢¢ordance with applicable legal requirements. Matters on Whl¢h W• Are Required to Report by Exe•ptlon In Ihg light of the knowledge and understanding of the charitable company and its environment obtained in the coursg of the 8udiL we have not identified material misstslements in the Directorfs Report Included within the Trustees, Report. We have nothing lo report in respect of the following matters in relation lo which Ihg Companie5 Act 2006 requires us to report to you rf. in our oplnion- adequate aecounling records have not been kept or Telurns adequate for our audlt have not been received from branches not visiled by us.. or the finanoal statements are not in agreernenl with the accounting records or relums.. or rtain dlsdosures oftrustees. rernuneration speafied by law are not made., or we have not recelve¢J all Ihe information and explanations w& require for our audit,. or the trustees were not enlilled lo prepare the financial slalemenls In accordance with the small companie5 regime and take advantage of the srnall companies, exemptlons in preparing the Trustees, Report and from the requirement to prepa a Slralegic Report. Page 4
Independent Auditor's Report (continued) to the Members of G N G Community Services Ltd Responslbllltles of Trust••s As explained more fvlly in the Trustees. Responsibilitles Ststemenl set out on page 1-3, the trustees {who are a150 directors of the chari18ble company for the purposes of cornpany lawl are responsible for the preparation of the ffnancjal statements and for being satisfied that they give true and fair view, and for su¢h internal control as the trustees deiermine is necessary to enable ihe preparation of financjal statements Ihal a free from material misstatement, whether due to fraud or error. In preparing the finanaal statements, the Iru51ees are responsible for assessing Ihe charitable company's ability lo continue as a going concem. disdosing. as applicable, mailers related to going concern and using the going concern basis of accounting unless the Iruslees either intend lo liquldale the charity or to cease operations. or have no realistic altematlve bul to do so. Audltorfs R•$pon$ibilities for the Audlt of th8 Financial Statements Our objectives are lo obtain reasonable assuran about whelher the finan¢ial staternenls as a whole are free from materi81 rni55talemenl. whether due to fraud or error, and to issue an audilorfs ieport that includes our opinion. Reasonable assuran is a high level of assurance. bul is not a guarantee that an audit conducted in accordance with ISAS IUKI will ahNayS detect a material tnisstslement when il exists. Misslatemenls can arise from fraud or erior and are oon5idered material if, individually or in the aggreg8le, they could reasonably be expected lo Influen Ihe economi¢ decisions of Ltsers taken on the basis of these financial slalemenls. The extent lo which our prodUleS are capable of detecting irregularities. Including fraud is detailed bel¢)w.' The engagement partner ensured that the engagement tearn collectively had the appropriate cornpelence, pabIlItieS and skills to identify or recognise non-complian¢e with applicable laws-, Enquiry of management around actual and potential litigation and claims.. Enquiry of management to idenlrfy any instances of non-compliance wilh laws and regulations., - We rewewed correspondence with legal and regulatory bodies where applicable.. - We agreed Ihe fjnanaal statements disclosu5 lo underlying supporting documentation - We vieWed the detail of rtain nominal accounts for indications of management override; - We gained an understanding of the design and implèmentation of Ihe processes and controls in place within the charity whlth are designed to prevent, delect or coirect fraud or error wilhin Ihe financial 5talernents We idenlified and lesled joumal enlries which we considerèd lo be unusual and me be indicative of bias on the part of management or those L*arged wilh govemance. investigating the rationale behind significant or unusual transactions. Because of the InhenI limf(alions of an audit. there is a risk that we will nol dèlect 811 irregularities, in¢luding Ih05e leading lo a material misstalement in the financial slaternents or non-compliance with regulation. This risk increases Ihe more that Complian with a law or regulation is removed from the events and transactions ieflected in the financial statements. as we will be less likely lo become aware of instances of non-compliance. This risk 15 a150 greater regarding ligularitIeS occurring due lo fraud rather than error, a5 fraud involves intentional concealrnent. forgery. collusion, omi55ion or misrepresentation. A further description of our responsibilities for the audil of the frnancial slalements is located on the Finanaal Reporting Counctl's website www.frc.org.ukJauditorsresponsibililies. Thi5 descripiion forms part of our auditorfs report. Usè Of Our R¢port This report is made solely lo the charitable company's members, as a body, in aordanCe wilh Chapler 3 of Part 16 of the CoFnpanies Act 2006. Our audit work has beèn undertaken so that we might slate lo the charitable company's members those matters that we a required lo slate to them in an auditorfs port and for no other purpose. To the fullest extent peimitted by law, we do not accept or assume responsibility to anyone other than the charitable Gompany and the charitable company's members as a body. for our audit work. for this reporL or for the opinions we have formed. Paul Carvell BFP FCA (Senior Statutory Auditor} for and on behalfof SFB Group Limiled, Ststulory Auditor Date 1711212025 SFB Group Lirnited Manorcourt Chambers Townsend Drive Nuneaton Warwlthshire CV116RU Page 5
G N G Community Services Ltd Statement of Financial Activitles (including Income and Expenditure Account For The Year Ended 31 March 2025 2025 2024 Unrestrletsd Unrestrlctsd funds funds Notes INCOME AND ENDOWMENTS FROM: ChaTf(able actimties.. Nursery Government grant Investmen15 408,555 594 352,723 743 8,707 5.292 417.856 358.758 EXPENDITURE ON: Charitable a¢livilies'. Nursery 1393.1841 1388.5961 NET INCOMEIIEXPENDITUREI 24,672 129.8381 NET MOVEMENT IN FUNDS RECONCILIATION OF FUNDS: Total funds brought forward 24,672 129,8381 289.089 318,927 TOTAL FUNDS CARRIED FORWARD 13 313.761 289.089 The note5 on pages 8 to 12 fomi part ofthese financial statements. Page 6
G N G Community Services Ltd Balance Sheet As At 31 March 2025 2025 2024 Unreslrtct•d Total funds lunds Notes FIXED ASSETS Tangible Assets 10.005 12,508 10,006 12,508 CURRENT A8SErs Deblors 26.982 293.715 29,772 267,655 C85h ai bank and In hand 320.697 297.427 Credltor8.' Arnounts Falllng Dye Wlthln One Year 10 116.9421 120,8451 NET CURRENT ASSETS ILIABILITIESI 303.755 276.581 TOTAL ASSETS LESS CURRENT LIABILITIES 313.761 289.089 NET ASSETS 313.761 289.089 FUNDS OF THE CHARrr Unrestricted Funds 313.761 289.089 TOTAL FUNDS 13 313,761 289.089 These accounts have been prepared in accordance wilh Ihe provisions applicable to companies subj'gcl lo the srnall companS85 regim•. On behalf of Ihe boarij G S Dhaliwal Trusiea Dale The no185 on pages 8 10 12 fomi pan of these financial stalements. Pag? 7
G N G Community Services Ltd Notes to the Financial Statements For The Year Ended 31 March 2025 1. G•neral Inforniatlon G N G Comrnunily Services Ltd is a company limlled by guarantee, Incorporated in England & Wales, registered number 04898761 and registered charity number 1135022. The registered oifice is GNG Community SeNs Ltd, GNG Building Baggot Slreet. Blakenhall. Wolverhampton. VW2 3AP. 2. Accounting Pollcles 2.1. Basls of Preparatlon of Financial Statements The financial statements have been prepared in accordance wilh the Charities SORP IFRS 1021 "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 IFRS 1021 (effective 1 January 20191" Financial Reporting Standard 102 'The Financial Reporting Standard appliesble in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepad under the hislori¢al cost conventlon. The charitable company is a Public Benefft Entity as defined by FRS 102. 2.2. Flnanelal Reportlng Standard 102 - Redueèd Disclosure Ex•mptions The charitable company has taken advanlage of the following disclosure exemptions in preparing these financial siatements, as permitted by FRS 102 'The Financial Repotting Standard appli¢able in the LIK and Republic of Iland.: the requiremenis of Sedion 7 Statement of Cash Flows and Section 3 Finan¢lal Statement Presentation paragraph 3.1 7 Id). 2.3. Golng Concern Dlsclosura The trustees have not identified any material uncertainties related lo events or conditions that may cast significant doubt about the charitable companys ability lo Continue as a going con{n. 2.4. Fund Accountlng Unrestricled fvnds can be used in accordance with the charitable objedives at the drscretion of the trustees. Restricted funds can only be used for patlicular restricted purposes within the objec15 of the charity. Restrictions aiise when specified by the donor or when funds are raised for particular restricted puipose5. Furlher explanation of the nature and purpose of each fund is included in the note5 to the financial stalernents. 2.5. Incomlng Rèsourcgs All income is recognised rn the Statement of Financial Activitiès once the charity has entitlement to the funds. il is probable that the income will be received an¢J the amount can be measured reliably. 2.6. Resources Expended Liabililies are reGognised as expenditure as soon as the 15 a legal or constructive obligation cornmitling the charity to that expenditure. il 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 accounled for on an accruals basis and has been classified under headings Ihat aggregate all cost related to the calegory. Vvhere costs ¢annot be directly attributed lo parbcular headings they have been allocated to activities on a basis ¢onsistenl wilh the use of resources. 2.7. Tangible Fixed Assèts and Depreclatlon Tangible red assels ale measured at cost less accumulated depreciation and any accurnulaled impairment losse5. Depreeiation is promded al rates calculated lo write off the cost of the frAed assets. less Ihelr estimated residual value, over their expected useful lives on the fr)Ilowing ba5es= Fixtures & Fittings 20% Reducing Balance 2.8. Leaslng and Hlro Purchase Contracts Rentals payable and receivable under operating leases a charged to the proff( and loss account on a sliaighl line basis over the period of the lease. 2.9. Cash and Cash Equlval•nts Cash and cash equlvalenls are basic financial assets and indude cash in hand and deposSts held at call wllh banks, other short-lerm hlghly liquid investments that rnature in no rnore than three months from the dale of acqulsilion and are readily convertible to a known amount of cash with Insignificant risk of change in value. and bank overdrafts. Page 8
G N G Community Services Ltd Notes to the Financial Statements (continued) For The Year Ended 31 March 2025 2.10. Taxation The charity is exempt frorn corporatlon lax on its charitable activities. 2.11. P•n$ions The charitable company operates a defined contribution pension scheme. Contributions payable lo the charitable company's pension scheme are charged to Ihe Statement of Financial Activities in the period lo which they relate. 2.12. GovèrnmentGrant In¢ome frorn grants is Included in the accounts in the period to which the chariiy is enlilled lo the grant. Any grants recèlved for fvlure perfods a carried forward in Creditors as deferred fundlng. Grant fundlng received for capltsl expenditurè Is released over the useful lrfe of the asset. 2.13. Debtors and ¢r•ditors recelvabla or payable wlthln onè year Debtors and creditors with no slated inlerest rate and receivable or payable within one year are recorded al transaction price. Any losses arising from impairment are recognised in expenditure. 3. Inv¢¥tment Income 2025 2024 Unrestrlctrd UntrICted fund$ funds Bank interest re1vable 8,707 5.292 4. Net IncomellExpèndltur•l The ntrt in¢omellexpenditurel is ststed after charging11¢dItingl.' 2025 2024 Operating lease rentals Depre¢ialion of tangible fixed assets- owned 13,920 2,502 13,920 3,128 5. Auditor's Remuneration Remuneration received by the charitable company's auditors and their asso¢iale5 during the yeai was as follows.. 2025 2024 AudTrt S*rvl¢es Audit of the cornpany's financial Statements 3,720 3.508 other Servlcos Other non-audil services 8,132 7,319 Page 9
G N G Community Servlces Ltd Notes to the Financial Statements (contlnued) For The Year Ended 31 March 2025 6. Staff Costs Staff costs were as follows.. 2025 2024 Wages and salarie5 So¢i81 security costs Other pension costs 263.134 11,079 4,401 270,036 8,455 3,548 278,614 282,039 No employees received employee benefits (excludin9 èmployer pension costs) for Ihe reporiing period of more than £60.000. 7. Avaraga Numbor ot Employees Average number of employee5 during the year was as follows.. 2025 2024 Charitable ACtI7tieS Managemenl and adminislralion 14 17 16 8. Tanglble Assets Flxtures & Fittings Cost As at 1 April 2024 132.564 As at 31 March 2025 132.564 Dèprèeiati¢n As al 1 April 2024 Provided during the period 120,056 2,502 As at31 Marth 2025 122,558 N•t Book Value As al 31 March 2025 10,006 As al 1 April 2024 12,508 The net book valu9 Of tangible fixed assets includes £2.38012024'. £2,974) in rgspecl of assets acqulred through grant funding. g. Debtors 2025 2024 Due within one year Trade debtors PPayMents and accrued income Other debtors 15,533 823 10,626 23.329 1.443 5.000 26.982 29.772 Page 10
G N G Community Services Ltd Notes to the Financial Statements (continued) For The Year Ended 31 March 2025 10. Craditors: Amounts Falling Due Wlthln On• Y?ar 2025 2024 Trade creditors Other taxes and social security Accruals 1,197 4,415 8.950 2,380 4,525 3.947 9,400 2,974 Government granls within one year 16.942 20,846 11. OthgrCommltm8nts The total of futu minimum lease payments under non<ancellable operating leases are as following: 202S 2024 Not later than one ye8r Later than one year and not later than five years t3.920 37,120 13.920 51,040 51,040 64,960 12. Penslon Commitments The charilable company operales a defined contribution pension scheme. The assets ofthe scherne are held separately from those ofthe charitable cornpany in an independently administered fvnd. During the year the charge to Ihe statement of financial activities in resped of defined ¢onlribution schemes was £4.401 12024= £3,548). Al the balance sheet date contributions of £NIL We due to the fund and are include¢J in creditors. 13. Movement In Funds As at 1 Aprll 2024 A3 at 31 March 2025 Income Expgndltur• Unr95trlcted funds General.. General unre51ricted fund 289,089 417,856 1393,1841 313,761 Totsl fund$ 289,089 417.856 {393.1841 313.761 As at 1 Aprll 2023 As at 31 March 2024 Incomo Expenditure Unrestrlctsd funds General.. General unreslri¢ted fund 318,927 358,758 1388.5961 289.089 Total funds 318.927 358,758 1388,5961 289,089 Page 11
G N G Community Services Ltd Notes to the Financial Statements (continued) For The Year Ended 31 March 2025 14. Related Party Disclosures The Guru Nanak Sikh Gurdwara owns the building from whlch G N G Community Services Limited operates. During the year rent was charged amounting lo £13.92012024 £13,920>. Some of the Iruslees of G N G Community Servic£s Limited 8Te also members of The Gurdwara. 15. Company Ilmited by guarant•è The company is limited by guarantee and has no Share capital. Every member of the company undertakes to contribute to the assets ofthe company. in thè event of a winding up. such an amount as rnay be required not exceeding £1. 16. FRC'S Ethlcal Standard- Provision Available for Small Entlilè$ In common wllh other businesse5 of our size and nature we use our auditors to prepare and submlt lUMS lo the lax authorities and assist with the preparalion of the financi81 slatemenls. 17. Tr4n$octlons with Trustees During the yèar purchases were made lo a company related by a common trustee Mr K Kalon of £21,93012024 £18,898). Page 12
G N G Community Services Ltd Detailed Ststement of Financial Activities {including Income and Expenditure Account) For The Year Ended 31 March 2025 2025 2024 Total funds Total funds INCOME AND ENDOWMENTS FROM: Charltabl8 Activltlas: Nursèry Income from charitable activities 408,555 352.723 408,555 352,723 Govèrnm•nt grant Incomè from Charitable actiwties 594 743 594 743 Inv•stm•nts Bank inleTesl re1vable 8,707 5,292 8,707 5,292 417,856 358,758 EXPENDITURE ON: Charitable Actlvltles: Nursery Food and drink 18.5301 {21.8381 12,9961 14,4001 12,0091 113,920} 19,5391 118.1901 11,3601 12,2351 15.5141 113,9201 13701 1270,0361 18,4551 13,548} 119.3781 19,2191 13,5581 {2.2231 13571 1980} 13,1281 13.5081 17.3191 (5.1801 {5791 Heat and light Sundrf¢s Toys and equiprnent Cleaning costs Rent costs Agency staff costs Wages and salaries Employers Nl Employers pensions- defined eontribulion Schemes Consultancy fees Repairs. newaIS and maintenance Insurance 1263.1341 111,0791 14.4011 121,9301 112.4831 {2,8711 11,8661 {2541 11,1141 12,5021 13,720} 18,1321 15.5421 14831 Data and telecommunication5 Costs Printing. postage and stationery Subscriptions Depreciation of ruTeS and fittings Audit fe05 Accountancy fees Legal fees Bank Charges 1393.1841 1388,596) 1393.1841 1388,5961 NET INCOMEI{EXPENDITUREI 24,672 129.8381 Page 13