## **Trustees’ Annual Report for the period** **From** 01/04/2023 **To** 31/03/2024 **Charity name:** Shri Guru Tegh Bahadhur Gurdwara **Charity registration number:** 1146231 ## **Objectives and Activities** ||SORP reference|| |---|---|---| |Summary of the purposes of
the charity as set out in its
governing document|Para 1.17|**To advance the Sikh religion in Nuneaton**
**for the benefit of the public.**| |Summary of the main
activities in relation to those
purposes for the public
benefit, in particular, the
activities, projects or services
identified in the accounts.|Para 1.17 and
1.19|**Holding of prayer meetings.**
**Holding of seminars.**
**Public celebration of religious festivals.**| |Statement confirming
whether the trustees have
had regard to the guidance
issued by the Charity
Commission on public
benefit|Para 1.18|**Confirmed.**| ## **Achievements and Performance** ||SORP reference|| |---|---|---| |||**The continued maintenance and upkeep**| |||**of the Gurdwara, and the advancement of**| |Summary of the main
achievements of the charity,|Para 1.20|**the Sikh religion in Nuneaton.**| |identifying the difference the||| |charity’s work has made to||| |the circumstances of its||| |beneficiaries and any wider||| |benefits to society as a||| |whole.||| ## **Financial Review** |**Financial Review**||| |---|---|---| |Review of the charity’s
financial position at the end
of the period|Para 1.21|**The Charity’s reserves increased during**
**the year as a result of more donations**
**being received. The Charity is in a strong**
**position financially.**| |Statement explaining the
policy for holding reserves
stating why they are held|Para 1.22|**All reserves held are unreserved, and are**
**therefore available to all aspects of the**
**Gurdwara**| |Amount of reserves held|Para 1.22|**£58,176**| |Reasons for holding zero
reserves|Para 1.22|**N/A**| |Details of fund materially in
deficit|Para 1.24|**N/A**| |Explanation of any
uncertainties about the
charity continuing as a going
concern|Para 1.23|**N/A**| ## **Additional information (optional)** You may choose to include further statements where relevant about: |The charity’s principal
sources of funds (including
any fundraising)|Para 1.47|**Donations from the public – i.e. people**
**who visit the Gurdwara.**| |---|---|---| |Investment policy and
objectives including any
social investment policy
adopted|Para 1.46|| |A description of the principal
risks facing the charity|Para 1.46|| |Other||| ## **Structure, Governance and Management** |Description of charity’s
trusts:||| |---|---|---| |Type of governing document
(trust deed, royal charter)|Para 1.25|**Constitution adopted 1 January 2012**| |How is the charity
constituted?
(e.g unincorporated
association, CIO)|Para 1.25|**Unincorporated trust.**| |Trustee selection methods
including details of any
constitutional provisions e.g.
election to post or name of
any person or body entitled
to appoint one or more
trustees|Para 1.25|**Appointed by existing trustees.**| ## **Additional information (optional)** You may choose to include further statements where relevant about: Policies and procedures adopted for the induction and Para 1.51 training of trustees The charity’s organisational structure and any wider Para 1.51 network with which the charity works Relationship with any related Para 1.51 parties Other ## **Reference and Administrative details** |Charity name|**Shri Guru Tegh Bahadhur Gurdwara**| |---|---| |Other name the charity uses|| |Registered charity number|**1146231**| |Charity’s principal address|**Unit 1&2, Marlborough Road**
**Nuneaton**
**Warwickshire**
**CV11 5PG**| ||| **Names of the charity trustees who manage the charity** |1
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20|**Trustee name**|**Office (if any)**|**Dates acted if not for whole**
**year **|**Name of person (or body) entitled**
**to appoint trustee (ifany)**| |---|---|---|---|---| ||Gurbaksh Singh
Bahia|||| ||GurmejSingh|||| ||Nirmal Singh|||| ||Avtar Singh Birring|||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| – Corporate trustees names of the directors at the date the report was approved **Director name** Name of trustees holding title to property belonging to the charity **Trustee name Dates acted if not for whole year** ## **Funds held as custodian trustees on behalf of others** Description of the assets held in this capacity Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for safe custody and segregation of such assets from the charity’s own assets ## **Additional information (optional)** ## **Names and addresses of advisers (Optional information)** |**Names and addresses of advisers (Optional information)**|**Names and addresses of advisers (Optional information)**|**Names and addresses of advisers (Optional information)**| |---|---|---| |**Type of**
**adviser**
**Name**
**Address**||| |Accountants|Sachdev & Co.|5 Albany Road, Coventry, CV5 6JQ| |||| |||| |||| **Name of chief executive or names of senior staff members (Optional information)** ## **Exemptions from disclosure** Reason for non-disclosure of key personnel details ## **Other optional information** ## **Declarations** **The trustees declare that they have approved the trustees’ report above.** **Signed on behalf of the charity’s trustees** **Signature(s) Full name(s)** Gurmej Singh **Position (eg Secretary, Chair, etc)**[Trustee ] **Date** 18/01/2025 CHARITY COMMISSION FOR ENGLAND AND WALES Shri Guru Tegh Bahadhur Gurdwara Annual Accounts for the Period 0110412023 iariLy No iif an I 1146231 3110312024 Section A Statement of financial activities Restricted income funds Recommended categories by activity Unrestricted funds Endowment funds Prior year funds Total funds Incoming resources {Note 3) Income and endowments from: Donations and legaaes Charitable activities Othertrading adivitie5 Investrnents F01 F02 F03 F04 F05 S01 57,226 57,226 30,204 S02 S03 700 13,066 700 13,066 S04 6,645 Separate material rtem of income Other S05 S06 6,269 77,261 6.269 77,261 830 37,679 Total Resources expended (Note 6) S07 Expenditure on: Raising fvnds Charttable 8Ctivities S08 S09 56,480 56,480 37,317 Separate material item of expense Other S10 S11 565 57.045 565 57,045 186 37.503 , Total S12 Net incomel(expenditure) before investment gainsl(losses) S13 20,216 20,216 176 Net gaIn￿{lOSSeS) on investments S14 Net in¢omel{expenditure) Extraordinary items Transfers between funds Other recognised gainsl(losses): S15 20,216 20,216 176 S16 S17 Gains and losses on ￿valuation of fixed assets for the Charity's own use S18 Other gainslllossesl S19 Net movement in funds S20 20,216 20,216 176 Reconciliation of funds.. Totsl fvnds brought fO￿ard Total funds carried fonvard S21 357,526 377.742 357,526 377,742 357,350 357.526 S22 Section B Balance sheet Restricted income funds Unrestricted funds Endowment Total this funds year Total lasl year Fixed assets Intangible assets Tangible assets Heritage assets Investments F01 F02 F03 F04 F05 (Note 15) (Note 14) (Note 16) {Note 17) Total fixed assets B01 B02 319,566 319.566 319.566 808 B04 BOS 319,566 319,566 319,566 Current assets stocks (Note 18) DebtOP3 (Note 19) Investments (Note 17.4) Cash at bank and in hand (Note 24) Total current assets B06 B07 B08 809 58,176 58,176 58,176 58,176 37,960 37,960 B10 Creditors: amounts falling due within one year (Note 20) B11 Net current assets/(liabilities) B12 58,176 58,176 37.960 Total assets less current liabiliti-es B13 377,742 377,742 357,526 Creditors: amounts falling due after one year (Note 20) Provisions for liabilities 814 B15 Total net assets or liabilities Funds ofthe Charity Endowment funds (Note 27) Restricted income funds (Note 27) Unrestricted fvnds Revaluation reserve B16 377,742 377,742 357,526 B17 818 819 377,742 377,742 357,526 B20 Total funds 821 377,742 377.742 357.526 Signed by one or trustees on behalf of all the trustees Date of approval ddlmml Signature Print Name Gurme Sin 1111212024 Section C Notes to the accounts Note 1 Basis of preparation This section should be completed by all charities. 1.1 Basis of accounting These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless othe￿iSe stated in the relevant note(s) to these accounts. The accounts have been prepared in accordance with" the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 and with the Charities Act 2011. The charity constitutes a public benefit entity as defined by FRS 102. 1.2 Going concern If there are material uncertainties related to events or conditions that cast signir Icant doubt on the charity s ability to continue as a going concern, please provide the following details or state -Not applicable-, rf appropriate." An explanation as to those factors that support the conclusion that the charity is a going concern,. Disclosure of any uncertainties that make the oing con￿rn assurnption doubtful" Not applicable Not applicable here accounts are not prepared on a going On￿rn basis, please disclose this fact ogether with the basis on which the trustees repared the accounts and the reason why he charity is not regarded as a going oncern. Not applicable .3 Change of accounting policy he accounts present a true and fair view and the accounting policies adopted are those outlined in note 2.2 es" lease disclose." (i) the nature of the change in accounting policy.. Not applicable (li) the reasons why applying the new accounting policy provides more reliable and more relevant information," and Not applicable (iii) the amount of the adjustment for each line affected in the current period, each prior period presented and the aggregate amount of the adjustment relating to periods before those presented, 3.44 FRS 102 SORP. Not applicable 1.4 Changes to accounting estimates No changes to accounting estimates have occurred in the reporting period (3.46 FRS 102 SORP). Yes" No. Please disclose.. (i) the nature of any changes,. Not applicable (li) the effect of the change on income and expense or assets and liabilities for the current period,. and Not applicable (iii) where practicable, the effect of the change in one or more future periods. Not applicable 1.5 Material prior year errors No material prior year error have been identified in the reporting period (3.47 FRS 102 SORP). Yes" No" Please disclose." (i) the nature of the priorperiod error," Not applicable (li) for each priorperiod presented in the accounts, the amount of the correction for each account line item affected," and Not applicable (iii) the amount of the correction at the beginning of the earliest prior period presented in the accounts. Not applicable Section C Notes to the accounts (cont) Note 2 2.2 INCOME Accounting policies This standard list of accounting policies has been applied by the ch8rity except for those ticked 'No' or 'N/a': Where a different or additionalpolicy has been adopted Ihen this is delailed in the box below. Recognition of income These are included in the Ststement of Financial Activities (SOFA) when.. the charity becomes enlitled to the reSour￿S., it is MO￿ likely than not that the trustees will receive the resou￿$., and the monetsry value can be measured wth sufficient reliability. Yes No Nla Offsetting There has been no offsetting of assets and liabilities. or income and expenses, unless required or pemittted bj the FRS 102 SORP or FRS 102. Yes Nla Yes No Nl8 Grants and donations Grants and donations are only inctuded in the SOFA when the general income recognition crtteria are mel (5. 10 to 5.12 FRS102 SORPI. In the case of perf0mlan￿ related grants, income must only be recognised to the exlent that the charity has provided the specified goods or servI￿S as enlittement to the granl only occurs when the perforMaTr￿ related conditions a￿ met15. 16 FRS 102 SORP). Legacies are included in the SOFA when r￿lpt is probable, that is, when there has been grant of probate, the executors have established that there are sufficient assets in the estate and any condltions attached to the legacy are either wthin the control of the charity or have been met. Yes No Nla Legacies Yes No Nla Government grants The charity has re￿iVed government grants in the reporting period Yes No Nla Tax re¢lairns on donations and gtfts Gift Aid re￿[Vable is included in income when there is a valid dectaration from the donor. Any Gtft Aid amount recovered on a donation is Considered to be part of that gift and is treated as an addttion to the same fund as the initial donation unless the donor or the tems of the appeal have specified othemise. Contractual income and This is only included in the SOFA On￿ the charity has provided the related goods or perfomiance related grants services or met the performance related conditions. Yes No Nla Yes No Nla Yes No Donated goods Donated goods a￿ measured at fair value (the amount for which the asset wuld be exchanged) unless impractical to do so. Nla The cost of any stock of goods donated for distribution to beneficiaries is deemed to be the fair value of those gifts al the time of their re￿ipl and they are recognised on re￿Ipl. In the reporting period in which the stocks are distributed, Ihey are recognised as an expense at the carrying amount of the stocks at distribution. Donated goods for resale are measured al fair value on initial recognition, which is the expected pro￿edS from sale less the expected costs of sale, and recognised in 'lncome from other trading activities, with the corresponding stock recognised in the balan sheet. Or¢ ils sale the value of stock is charged agaiftst'lncome from other trading activities, and the proceeds from sale are also recognised as 'lncome from other trading activitses,. Yes Nla Yes No Nla Goods donated for on-going use by the charrty are recognised as tsngible fixed assets and included in the SOFA as incoming resour￿$ when receivable. Yes No Nla Gits in kind for use by the Charity are included in the SOFA as income from donations when re￿1Vable. Yes No Nla onated serrfices and acilities Donated services and faciltti'es are included in the SOFA when received at the value of the gift to the charity provided the value of the gift can be measured reliably. Donated Servi￿ and facilities that are consumed immediately are recognised as Yes No Nla Yes No Nla In¢ome with an equivaieni amount recognised as an expense under Ihe appropriate heading in the SOFA. Yes No Nla Support costs The charity has incurred expenditure on 5UPPOrt costs. Yes No Nla Volunteer help The value of any voluntary help received is not included in the accounts but is described in the trustees, annual report. es No Nla Income from interest, royaltles and dlvldends This is included in the accounts when receipt is probable and the amount retsivable can be measured reliably. es No Nla Income from membershlp Membership subscriptions re￿iVed in the nature of a gift are ￿COgnised in Donations subscriptlons and Legacies. Membership SJI bscriplions which gives a member the right to buy servicEs or other benefits are recognised as income earned from the provision of goods and services as income from charitable activities. Insuran￿ claims are only included in the SOFA when the general income recognition criteria are met15.1010 5.12 FRS102 SORPI and are included as an item of other income in the SOFA. es No Nla Yes No Nla Settlement of Insurance claims This includes any realised or unrealised gains or losses on the sale of investrnents and any gain or loss resulting from revaluing investments lo market value at the end of the year. Yes No Nla Investment gains and losses 2.3 EXPENDITURE AND LIABILITIES Liability recognltlon Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity lo pay out resources and the amount of the obligation can be measured with reasonable ￿rtaIntY. Support costs have been allocated bel￿een governance costs and other support. Governance costs comprise all costs involving public ac￿untabllItY of the charity and ils Complian￿ with regulation and good practice. Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resour¢es, eg allocating property costs by floor areas, or per Capita, staff costs by the time spent and other costs by their usage. Where the charity gives a grant with conditions for ils payment being a spec4fic level of service or output to be provided, such grants are only recognised in the SOFA once the recipient of the grar,t has provided the specified service or output. Where there are no ¢onditions attaching to the grant that enables the donor charity to realistically avoid the commitment, a liability for the full funding obligation musl be recognised. Yes Nla es Governance and Support costs Yes No Nla es No Nla Grants wlth performance conditions Yes Nla Grants payable without perfomian¢e conditions No Yes No Nla Redundancy cost The charity made no redundancy payments during the reporting period. Yes No Nla Deferred income No material item of deferred income has been included in the accounts. es No Nla Creditors The charity has creditors which are measured al settlement amounts less any trade discounts A liability is measured on recognition at its historical cost and then subsequently measured at the best estimate of the amount required to settle the obligation at the reporting date The charity accounts for basi¢ financia5 instruments on initial recognition as per paragraph 10.7 FRS102 SORP. Subsequent measurement is as per paragraphs 11.17 to 11.19, FRS102 SORP. Yes No Nla Provisions for liabilitles Basic financial instruments Yes No Nla 2.4 ASSETS Tangible fixed assets for These are capitalised if they Can be used for more than one year, and cost at least £2,000 use by chartty They are valued at cost. Yes No Nla The depreuation rates and methods used are disclosed in note 9.2. The charity has intangible fixed assets, that is, non-monetary assets that do not have physical substantr but are identtfiable and are controlled by the charity through custody or legal rights. The amortisalion rates and methods used are disdosed in note 9.5 Intsngible fixed assets Yes Nla They a￿ valued at cost. es No Nla Heritsge assets The charity has heritage assets, that is, non-monetary assets with historic, artistic. scientific, technological, geophysical or environmental qualities that a￿ held and maintained principally for their contribLrtion to knowledge and culture. The depreciation rates and methods used as disclosed in note 9.6.1.4. Yes No Nla They are valued at cost. Yes No Nla Investments Fixed asset investments in quoted Sha￿$. traded bonds and similar investments are valued at initially at cost and subsequently at fair value (their market value) at the year end. The same treatment is applied to unlisled investments unless fair value cannot be measured reliably in which ￿se it is measured at cost less impairment. Investments held for resale or pending their sale and cash and ¢ash equivalents with maturity dale of less than 1 year are trealed as current asset investments Yes Nla Yes No Nla Stocks and work in progress Stocks held for sale as part of non-charttable trade are measured at the lower or cost or net realisable value. Yes No Nla Goods or services provided as part of a charitable activty are measured at net realisable value based on the service polential provided by items of stock. Yes No Nla Work in progress is valued at cost less any foreseeable loss that is likely lo occur on the ntract. Yes No Nla Debtors {inctuding trade deblors and loans re￿Iv8b1e) are measured on initial ￿cognItion at settlement amount after any trade discounts or amount adVan￿d by the charity. Subsequently, they are measured at the cash or other consideration expected to be received. The charty has has investments which rt holds for resale or pending their sale and cash and cash equivalents with a maturity date less than one year. These indude cash on deposit and cash equivalents with a maturity date of less than one year held for investment purposes rather than to meet short tenn cash commitments as they fall due. Yes No Nla ebtors urrent asset nvestments Yes No Nla Yes Nla They are valued at fair value except where they qualify as basic financial instruments. OLICIES ADOPTED DDITIONAL TO OR IFFERENT FROM HOSE ABOVE Section C Notes to the accounts (cont) Note 3 Analysis of income Restricted income funds Unrestricted funds Endowment funds Anal ifts sis Total funds Prior year Donations and legacies: Donations and Gift Aid Le acies General grants provided by govemmenuother charities Membership subscriptions and sponsorships which are in substance donations 46,167 11,059 46,167 11,059 30,204 830 Donated Other oods, facilities and services Totsl 57,226 57,226 31,034 Charitable activities: Other Total Other trading activities: m Income Hall Hire Other 700 Total 700 Income from investments: Interest income Dividend income Rental and leasin Other 441 441 45 income 12,625 12,625 6,600 Total 13,066 13.066 6,645 Separate material item f income: Total ther: Monies from Sikh Mission Da Centre Gain on disposal of a tangible fixed asset held for chari 's own use Gain on disposal of a programme related investment 6,269 6,269 Royalties from the exploitation of intellectual ro hts Other Totsl 6,269 6,269 TOTAL INCOME Other information: All income in the prior year was unrestrictod except for: (please provide description and amounts) Where any endowment fund is converted Into income in the reporting period, please give the reason for the conversion. Within the income items above the following items are material: (please disclose the nature, amount and any prior year amounts) Section C Notes to the accounts (cont) Note 6 Analysis of expenditure Restricted income funds Unrestricted funds Endowment funds Anal sis Incurred seeking donations Incurred seeking legacies Incurred seeking grants Operating membership schemes and social lotteries Total funds Prioryear Expenditure on raising funds: Staging fundraising events Fudraising agents Operating a trading company undertaking non-charitable trading activity Advertising, marketing, direct mail and ublicit Start up costs incurred in generating new source of future income Other trading activities Investment management costs: Investment administration costs Intellectual property licencing costs Rent collection, property repairs and maintenance charges Total expenditure on raising funds Expenditure on charitable activities Day-to-day running costs Donations made out 56,480 56,480 35,517 1,800 Total expenditure on charitable activities 56,480 56,480 37,317 Separate material itsm of expense Totsl Other Bank char Rental ro es ert 206 359 206 359 186 ex enses Total other expenditure 565 565 186 TOTAL EXPENDITURE 57,045 57,045 37,503 Section C Notes to the accounts (cont) Note 14 Tangible fixed assets Please complete this note if the charity has any tangible fixed assets 14.1 Cost or valuation Freehold land & buildings Other land & buildings Plant, machtnery and motor vehicles Fixtures, fittings and equipment Total At the beginning of the year Additions 150,000 109,727 59,839 319,566 Revaluations Disposals Transfers . At end of the year 150,000 109,727 59,839 319,566 14.2 Depreciation and impairments "Basis SL SL SL SL Rate At beginning of the year Disposals Depreciation Impairment Transfers" t end of the year 14.3 Net book value Net book value at the beginning of the year Net book value at the nd of the year 150,000 109,727 59,839 319,566 150,000 109,727 59,839 319,566 14.4 Impairment Please provide a description of the events and circumstances that led to the recognition or reversal of an impaimient loss. 14.5 Revaluation If an accounting policy of revaluation is adopted, lease the effective date of the revaluation rovide.. the name of independent valuer. if applicable the methods applied and significant assumptions the carrying amount that would have been recognised had the assets been carried under the cost model. 14.6 Other disclosures (i) Please state the amount of borrowing costs, if any, capitalised in the construction of tangible fixed assets and the capitalisation rate used. (li) Please provide the amount of contractual commitments for the acquisition of tangible Ixed assets. (iii) Details of the existence and carrying amounts of property, plant and equipment to which the charity has restricted title or that are pledged as security for liabilities. Section C Notes to the accounts (cont) Note 24 Cash at bank and in hand This year Last year Short term cash investments (less than 3 months maturity date) Short temi deposits Cash at bank and on hand Other Total 58,176 37,960 58,176 37,960 **Independent examiner's report on the accounts** ## **Section A Independent Examiner’s Report** **Report to the trustees/** Shri Guru Tegh Bahadhur Gurdwara **members of On accounts for the year Charity no** 1146231 **ended**[31 March 2024 ] **(if any) Set out on pages** 1-16 - **Respective** The charity's trustees are responsible for the preparation of the accounts. **responsibilities of** The charity’s trustees consider that an audit is not required for this year **trustees and examiner** under section 144 of the Charities Act 2011 (“the Charities Act”) and that an independent examination is needed. ## It is my responsibility to: - examine the accounts under section 145 of the Charities Act, - to follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act, and - • to state whether particular matters have come to my attention. - **Basis of independent** My examination was carried out in accordance with general Directions given **examiner’s statement** by the Charity Commission. 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 the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below. - **Independent** In connection with my examination, no matter has come to my attention ## **examiner's statement** 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 Charities Act; and - to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities 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. **Signed:** **Date:** **Name:** Dr Rakesh Sachdev BSc MSc PhD FCCA ACA 1 **IER** **Relevant professional qualification(s) or body (if any):** ICAEW & ACCA **Address:** 5 Albany Road Coventry CV5 6JQ 2 **IER**