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|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|
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|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||||||
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|||||||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|
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|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|
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|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|
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|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|
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|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|
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|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|
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|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||
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|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|