Charity No. 1138835
Guru Nanak Gurdwara Cultural and Recreational Centre
Accounts
for the period from 1 January 2022 to 31 December 2022
Balaji Accountants Certified Public Accountants Association 431 Blackpool Road Preston PR2 2DU
Guru Nanak Gurdwara Cultural and Recreational Centre Contents
| Page | |
|---|---|
| Information | 1-2 |
| Trustees' report | 3 |
| Independent examiners report | 4 |
| Income and Expenditure Account | 5 |
| Balance sheet | 6 |
| Notes to the accounts | 7 |
Guru Nanak Gurdwara Cultural and Recreational Centre Information
Address
Guru Nanek Temple 2-10 Tunbridge Street Preston Lancashire PR1 5YP
Accountants
Balaji Accountants 431 Blackpool Road Preston Lancashire PR2 2DU
Bankers Yorkshire Bank 30 St Vincents Place Glasgow G1 2HL
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Guru Nanak Gurdwara Cultural and Recreational Centre Information
Organistationtion
The charity is organised under the day to day control and operation of its management committee, consisting of the following eleven Charity Trustees for the specified period of time:
Chair
Bhag Singh [Elected 30/08/20] [Joined 2013]
Vice Chair
Sarbjit Singh Deol[Re-Elected 30/08/20][Joined 2013]
Secretary General
Lakhbir Singh Rai [30/08/20] [Joined 2005]
Stage Secretary
Gurmel Singh [Elected 30/08/20] [Joined 2013]
Assistant Secretary
Lakhbir Singh Randhawzi [Elected 30/08/20]
Treasurer
Amrik Singh Parhar [Elected 30/08/20] [Joined 2009]
Assistant Treasurer
Jasbir Singh [Elected 30/08/20]
Health and Safety Officer
Baldev Rai Kanda [Elected 30/08/20] [Joined 2009]
Jathedars
Mr Autar Chand Malm [Elaction on 24/04/2022][New posts] Balwinder Kaur Sandhar [Joined 2020] Mohindar Singh Uppal [Joined 2013]
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Guru Nanak Gurdwara Cultural and Recreational Centre Statement of financial activates for the year ended 31 December 2022
| Incoming resources Ardas and Charawa Other Rental income Grant Interest received Resources expended Accountancy fees Advertising Bad Debts 2 Buildings repairs and equipment Groceries Events and travel Equipment Cleaning Heating and lighting Insurances Rates Legal fees Stationery and postage Donations Sundry expenses Telephone Wages Water rates and charges Repairs and renewals of property and equipment Net Incoming/(outgoing) resources |
2022 £ 48,167 350 5,100 - 374 53,991 420 - - 1,210 1,712 1,675 332 75 10,098 1,442 2,185 6,343 28 1,500 201 1,602 10,476 1,162 7,852 48,313 5,678 |
2021 £ 49,985 - 4,400 8,833 - 63,218 300 1,635 70,000 1,456 904 205 7,846 - 9,726 1,356 186 6,529 172 575 159 942 8,581 1,722 256 112,550 (49,332) |
|---|---|---|
5
Guru Nanak Gurdwara Cultural and Recreational Centre Balance Sheet
as at 31 December 2022
| Notes Fixed assets Guru Nanek Temple, 2-8 Tunbridge Street, Preston Guru Nanek Temple - Improvement Costs 7 Acregate Lane, Preston 20 Tunbridge Street Current assets Bank account Liabilities Accruals Net assets Funds of the charity Unrestricted funds Balance at start of period Net Incoming/(outgoing) resources |
2022 £ 20,000 34,756 90,795 46,263 37,196 229,010 504 504 228,506 222,828 5,678 228,506 |
2021 £ 20,000 34,756 90,795 46,263 31,458 223,272 444 444 222,828 272,160 (49,332) 222,828 |
|---|---|---|
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Guru Nanak Gurdwara Cultural and Recreational Centre Notes to the Accounts for the year ended 31 December 2022
1 Accounting basis
These accounts have been prepared on the basis of historic cost (except that investments are shown at market value) in accordance with
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Accounting and Reporting by Charities Statement of recommended Practice (SORP
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2005);
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accounting standards
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and with the Charities Act.
Change in basis of accounting
There has been no change to the accounting policies (valuation rules and methods of accounting) since last year).
Recognition of incoming resources
These are included in the Statement of Financial Activities (SoFA) when:
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the charity becomes entitled to the resources;
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the trustees are virtually certain they will receive the resources; and
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the monetary value can be measured with sufficient reliability.
Incoming resources with related expenditure
Where incoming resources have related expenditure (as with fundraising or contract income) the incoming resources and related expenditure are reported gross in the SoFA.
Grants and donations
Grants and donations are only included in the SoFA when the charity has unconditional entitlement to the resources.
Liability recognition
Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to pay out resources.
Tangible fixed assets for use by charity
These are capitalised if they can be used for more than one year, and cost at least £500. They are valued at cost or a reasonable value on receipt.
2 Bad Debts
£70,000 has been transferred from the current bank account to another bank account, under the charity name, by previous members of the committee who had not been reappointed and therefore had no authority to do so. The current committee members are taking legal action to regain control of the funds. The Charities Commission have been informed of this transaction and are fully aware of the resulting situation. It is unlikely that these funds are going to be recoverd and the amount has been fully written off as a bad debt.
Should any members and/or interested parties require further information, they must contact the committee directly at the contact information provided on page 1.
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