2023-08-31-accounts

						Page
Trustees' annual report (incorporating			the	director's	report)
Independent auditor's	report to	the members
Statement offinancial	activities	(including		income and
expenditure account)						12
Statement offinancial	position					13
Notes to the financial	statements					14

Registered	Registered	charity	name	name	Guru Nanak	Guru Nanak	Society Of London Trust	Society Of London Trust	Society Of London Trust
Charity registration			number		1148670
Company		registration		number	07767690
Principal	office				673 Garratt		Lane
					Wandswortrh
					London
					SW17 OPB
Registered		office			170Church		Road
					Mitcham
					CR4 3BW
					England
The trustees
					Mr Ahuja				(Resigned 8 September	2023)
					Mr Gogar
					Mr Chopra
					Mr Manocha
					Mr Sachdev
Auditor					Taxaudit Accountants			Limited
					Chartered	accountants		&statutory	auditors
					170Church		Road
					Mitch am
					England
					Surrey
					CR4 3BW

						2023	2023	2022
						Unrestricted
						funds	Total funds	Total funds
					Note	6		6
Income and endowments
Donations and		legacies			5	349,482	349,482	475,830
Total income						349,482	349,482	475,830
Expenditure
Expenditure	on	charitable	activities		6,7	160,345	160,345	93,783
Total expenditure						160,345	160,345	93,783
Net income	and net movement			in funds		189,137	189,137	382,047
Reconciliation		offunds
Total funds	brought forward					2,948,289	2,948,289	2,566,242
Total funds	carried forward					3,137,426	3,137,426	2,948,289

30August 2023
			2023	2022
		Note	8	E
Fixed assets
Tangible fixed assets		12	4,879,788	4,833,056
Current assets
Cash at bank and in hand			36,228	58,161
Creditors: amounts	falling due within one year	13	143,501	145,000
Net current liabilities			107,273	86,839
Total assets less current liabilities			4,772,515	4,746,217
Creditors: amounts	falling due after more than one year	14	1,635,089	1,797,928
Net assets			3,137,426	2,948,289
Funds ofthe charity
Unrestricted funds			3,137,426	2,948,289
Total charity funds		15	3,137,426	2,948,289

The Charity is limited by guar Donations and legacies	antee.
	Unrestricted	Total Funds	Unrestricted	Total Funds
	Funds	2023	Funds	2022
	f		6	f
Donations
Donations	349,482	349,482	313,332	313,332
Loans donated			161,508	161,508
Grants
Grants receivable			990	990
	349,482	349,482	475, 830	475,830

Expend	iture on charitable a	ctivities by fund type
		Unrestricted	Total Funds	Unrestricted	Total Funds
		Funds	2023	Funds	2022
					6
Current	years activity	158,343	158,343	92,283	92,283
Support	costs	2,002	2,002	1,500	1,500
		160,345	160,345	93,783	93,783

7.	Expenditure	on ch	adi	ta	ble	activi	ties	by activity type	by activity type
								Activities
								undertaken				Total funds	Total fund
									directly Support costs			2023	2022
									6		S		6
	Current years	activity							158,343			158,343	92,283
	Governance	costs									2,002	2,002	1,500
									158,343		2,002	160,345	93,783
8.	Net income
	Net income is stated after charging/(crediting):
												2023	2022
												6	6
	Depreciation	oftangible			fixed	assets						14,275	4,983
9.	Auditors remuneration
												2023 f	2022 f
	Fees payable	for the audit of				the financial statements						3,500	3,500
10.	Staff costs
	The total staff costs		and		employee		benefits for the reporting				period are	analysed as follows:
												2023	2022
													6
	Wages and salaries											14,269	7,371
	The average	head	count		of employees			during	the year was		1 (2022:	1).The average	number of
	full-time equivalent		employees			during		the year is analysed		as follows:
												2023	2022
												No.	No.
	Number ofstaff - type			1								1	1

12.	Tangible fixed asse	ts	ts
		Freehold		Fixtures and
			property f	fittings 6	Total
	Cost
	At 31 August 2022	4,775,953		68,730	4,844,683
	Additions		61,007		61,007
	At 30August 2023	4,836,960		68,730	4,905,690
	Depreciation
	At 31 August 2022			11,627	11,627
	Charge for the year			14,275	14,275
	At 30 August 2023			25,902	25,902
	Carrying amount
	At 30August 2023	4,836,960		42,828	4,879,788
	At 30August 2022	4,775,953		57,103	4,833,056
13.	Creditors: amounts	falling due within one year
				2023 f	2022 5
	otherlcan			140,001	140,000
	Accruals			3,500	5,000
				143,501	145,000
14.	Creditors: amounts	falling due after more than one year
				2023	2022
				8
	Bank loan			1,635,089	1,797,928

Unrestri	cted funds
			At					At
		31	Aug	2022 f	Income f	Expenditure f	30	Aug	2023 f
General	funds		2,948,289		349,482	(160,345)		3,137,426
			At					At
		31	Aug	2021	Income	Expenditure	30	Aug	2022
					6				6
General	funds		2,566,242		475,830	(93,783)		2,948,289

Analysis	ofnet as	se	ts between funds
				Unrestricted	Total Funds
				Funds	2023
				f	f
Tangible	fixed assets			4,879,787	4,879,787
Current	assets			36,228	36,228
Creditors	less than	1	year	(143,500)	(143,500)
Creditors	greater than		1 year	(1,635,089)	(1,635,089)
Net assets				3,137,426	3,137,426
				Unrestricted	Total Funds
				Funds	2022
				5	f
Tangible	fixed assets			4,833,056	4,833,056
Current assets				58,161	58,161
Creditors	less than	1	year	(145,000)	(145,000)
Creditors	greater than		1 year	(1,797,928)	(1,797,928)
Net assets				2,948,289	2,948,289