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
1
## **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]
2
## **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|
|---|---|---|
6
## **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
- Accounting and Reporting by Charities Statement of recommended Practice (SORP
- 2005);
- accounting standards
- 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:
- the charity becomes entitled to the resources;
- the trustees are virtually certain they will receive the resources; and
- 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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