Gurdawara Guru Hargobind Sahib Ji
Charity No. 1151350
Company No.
Trustees' Report and Unaudited Accounts
10 September 2020
Gurdawara Guru Hargobind Sahib Ji Contents
| Pages | ||
|---|---|---|
| Trustees' Annual Report | 2 to 3 | |
| Independent Examiner's Report | 4 | |
| Statement of Financial Activities | 5 | |
| Summary Income and Expenditure Account | 6 | |
| Balance Sheet | 7 | |
| Statement of Cash flows | 8 | |
| Notes to the Accounts | 9 to | 14 |
| Detailed Statement of Financial Activities | 15 to | 16 |
Page 1
Gurdawara Guru Hargobind Sahib Ji Trustees Annual Report
The Trustees, who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the unaudited financial statements of the charity for the year ended 10 September 2020.
REFERENCE AND ADMINISTRATIVE DETAILS
Company No.
Charity No. 1151350
Registered Office
Potternewton Mansion Potternewton Park Harehills Lane Leeds LS7 4HB
Directors and Trustees
The Directors of the charitable company are its Trustees for the purposes of charity law. The following Directors and Trustees served during the year:
jaswant Singh Shamsher Singh
Accountants
HCA Group Capital House 7 Sheepscar Court Northside Business Park Leeds LS7 2BB
OBJECTIVES AND ACTIVITIES
A larger charity must provide an explanation of its aims, including details of the issues it seeks to tackle and the changes or differences it seeks to make through its activities...
A larger charity must provide an explanation how the achievement of its aims will further its legal purposes... A larger charity must provide an explanation of its strategies for achieving its stated aims and objectives... A larger charity must provide an explanation of its criteria or measures it uses to assess success in the reporting period...
A larger charity should provide a more detailed explanation of its short-term and long-term aims and objectives...
The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Companies Act 2006. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.
Page 2
Gurdawara Guru Hargobind Sahib Ji Trustees Annual Report
The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006 and in accordance with the Charities SORP (FRS 102).
Signed on behalf of the board
Shamsher Singh
Trustee
11 December 2020
Page 3
Gurdawara Guru Hargobind Sahib Ji Independent Examiners Report
Independent Examiner's Report to the trustees of Gurdawara Guru Hargobind Sahib Ji
I report to the charity trustees on my examination of the accounts of Gurdawara Guru Hargobind Sahib Ji for the year ended 10 September 2020 which comprise the Statement of Financial Activities, the Summary Income and Expenditure Account, the Balance Sheet, the Statement of Cash Flows and the related notes.
Responsibilities and basis of report
As the trustees of the charity (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act.
Having satisfied myself that the accounts of the charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiner's statement
I have completed my examination. I can confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that:
-
accounting records were not kept in accordance with section 386 of the 2006 Act ; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the accounting requirements under section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair' view which is not a matter considered as part of an independent examination; or
-
the accounts have not been prepared in accordance with the Charities SORP (FRS 102).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Raza Effendi ICAEW HCA Group Capital House 7 Sheepscar Court Northside Business Park Leeds LS7 2BB 11 December 2020
Page 4
Gurdawara Guru Hargobind Sahib Ji Statement of Financial Activities
for the year ended 10 September 2020
| Notes Income and endowments from: Donations and legacies 4 Charitable activities 5 Other 6 Total Expenditure on: Other 7 Total Net gains on investments Net income Transfers between funds Net income before other gains/(losses) Other gains and losses Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward |
Unrestricte d funds 2020 £ 5,939 - 24,518 |
Restricted funds 2020 £ 5,933 29,458 4,057 |
Total funds 2020 £ 11,872 29,458 28,575 |
Total funds 2019 £ 31,444 36,516 16,886 |
|---|---|---|---|---|
| 30,457 36,932 |
39,448 13,731 |
69,905 50,663 |
84,846 78,211 |
|
| 36,932 - |
13,731 - |
50,663 - |
78,211 - |
|
| (6,475) - |
25,717 - |
19,242 - |
6,635 - |
|
| (6,475) | 25,717 | 19,242 | 6,635 | |
| (6,475) 147,501 |
25,717 56,517 |
19,242 204,018 |
6,635 197,383 |
|
| 141,026 | 82,234 | 223,260 | 204,018 |
Page 5
Gurdawara Guru Hargobind Sahib Ji Summary Income and Expenditure Account
for the year ended 10 September 2020
| Income Gross income for the year Expenditure Interest payable Total expenditure for the year Net income before tax for the year Net income for the year |
2020 £ 69,905 69,905 45,262 5,401 50,663 19,242 19,242 |
2019 £ 84,846 |
|---|---|---|
| 84,846 | ||
| 72,683 5,528 |
||
| 78,211 | ||
| 6,635 | ||
| 6,635 |
Page 6
Gurdawara Guru Hargobind Sahib Ji Balance Sheet
at 10 September 2020
| Company No. Notes 2020 £ Fixed assets Tangible assets 9 762,474 762,474 Current assets Cash at bank and in hand 11,294 11,294 Creditors:Amount falling due within one year 10 (2,406) Net current assets/(liabilities) 8,888 Total assets less current liabilities 771,362 Creditors:Amounts falling due after more than one year 11 (548,102) Net assets excluding pension asset or liability 223,260 Total net assets 223,260 The funds of the charity Restricted funds 12 Restricted income funds 82,234 82,234 Unrestricted funds 12 General funds 141,026 141,026 Reserves 12 Total funds 223,260 |
2019 £ 762,474 |
|---|---|
| 762,474 17,043 |
|
| 17,043 (23,340) |
|
| (6,297) 756,177 (552,159) |
|
| 204,018 | |
| 204,018 | |
| 56,517 | |
| 56,517 147,501 |
|
| 147,501 | |
| 204,018 |
These accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
For the year ended 10 September 2020 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
Approved by the board on 11 December 2020
And signed on its behalf by:
Shamsher Singh
Trustee
11 December 2020
Page 7
Gurdawara Guru Hargobind Sahib Ji Statement of Cash flows for the year ended 10 September 2020
| Cash flows from operating activities Net income per Statement of Financial Activities Adjustments for: Dividends, interest and rents from investments (Decrease)/Increase in trade and other payables Net cash (used in)/provided by operating activities Cash flows from investing activities Dividends, interest and rents from investments Net cash from/(used in) investing activities Net cash from financing activities Net decrease in cash and cash equivalents Cash and cash equivalents at the beginning of the year Cash and cash equivalents at the end of the year Components of cash and cash equivalents Cash and bank balances |
2020 £ 19,242 (28,575) (24,991) (34,324) 28,575 28,575 - (5,749) 17,043 11,294 11,294 11,294 |
2019 £ 6,635 (16,886) 221,302 |
|---|---|---|
| 211,051 16,886 |
||
| (227,987) | ||
| - | ||
| (16,936) | ||
| 33,979 | ||
| 17,043 | ||
| 17,043 | ||
| 17,043 |
Page 8
Gurdawara Guru Hargobind Sahib Ji Notes to the Accounts
for the year ended 10 September 2020
- 1 Accounting policies
Basis of preparation
The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
Change in basis of accounting or to previous accounts
There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years.
Fund accounting
-
Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the general objects of the charity.
-
Designated funds These are unrestricted funds earmarked by the trustees for particular purposes. Revaluation funds These are unrestricted funds which include a revaluation reserve representing the restatement of investment assets at their market values.
-
Restricted funds These are available for use subject to restrictions imposed by the donor or through terms of an appeal.
Income
-
Recognition of Income is included in the Statement of Financial Activities (SoFA) when the charity income becomes entitled to, and virtually certain to receive, the income and the amount of the income can be measured with sufficient reliability.
-
Income with related Where income has related expenditure the income and related expenditure is expenditure reported gross in the SoFA. Donations and Voluntary income received by way of grants, donations and gifts is included in the legacies the SoFA when receivable and only when the Charity has unconditional entitlement to the income.
-
Tax reclaims on Income from tax reclaims is included in the SoFA at the same time as the donations and gifts gift/donation to which it relates. Donated services These are only included in income (with an equivalent amount in expenditure) and facilities where the benefit to the Charity is reasonably quantifiable, measurable and material.
Volunteer help The value of any volunteer help received is not included in the accounts. Investment income This is included in the accounts when receivable. Gains/(losses) on This includes any gain or loss resulting from revaluing investments to market value revaluation of fixed at the end of the year. assets Gains/(losses) on This includes any gain or loss on the sale of investments. investment assets
Page 9
Gurdawara Guru Hargobind Sahib Ji Notes to the Accounts
Expenditure
-
Recognition of Expenditure is recognised on an accruals basis. Expenditure includes any VAT which expenditure cannot be fully recovered, and is reported as part of the expenditure to which it relates.
-
Expenditure on These comprise the costs associated with attracting voluntary income, fundraising raising funds trading costs and investment management costs. Expenditure on These comprise the costs incurred by the Charity in the delivery of its activities and charitable activities services in the furtherance of its objects, including the making of grants and governance costs.
-
Grants payable All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid.
-
Governance costs These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs.
-
Other expenditure These are support costs not allocated to a particular activity.
Taxation
The charity is exempt from corporation tax on its charitable activities.
Freehold investment property
Investment properties are measured initially at cost and subsequently at fair value at each balance sheet date and are not depreciated. All gains or losses are taken to the Statement of Financial Activities as they arise.
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management.
Trade and other creditors
Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
Pension costs
The charity operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations. The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.
Page 10
Gurdawara Guru Hargobind Sahib Ji Notes to the Accounts
2 Company status
The company is a private company limited by guarantee and consequently does not have share capital.
3 Statement of Financial Activities - prior year
| 3 Statement of Financial Activities - prior year |
||||
|---|---|---|---|---|
| Income and endowments from: Donations and legacies Charitable activities Other Total Expenditure on: Other Total Net income Net income before other gains/(losses) Other gains and losses: Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward 4 Income from donations and legacies Appeals and dontions 5 Income from charitable activities National Heritage DCMS Scheme |
Unrestricted £ 5,939 5,939 |
Unrestricted funds 2019 £ 13,242 - 12,829 26,071 72,098 72,098 (46,027) (46,027) (46,027) 193,528 147,501 Restricted £ 5,933 5,933 Restricted £ 22,540 6,918 29,458 |
Restricted funds 2019 £ 18,202 36,516 4,057 58,775 6,113 6,113 52,662 52,662 52,662 3,855 56,517 Total 2020 £ 11,872 11,872 Total 2020 £ 22,540 6,918 29,458 |
Total funds 2019 £ 31,444 36,516 16,886 |
| 84,846 78,211 |
||||
| 78,211 | ||||
| 6,635 | ||||
| 6,635 | ||||
| 6,635 197,383 |
||||
| 204,018 | ||||
| Total 2019 £ 31,444 |
||||
| 31,444 | ||||
| Total 2019 £ - 36,516 |
||||
| 36,516 |
Page 11
Gurdawara Guru Hargobind Sahib Ji Notes to the Accounts
6 Other income
| Gift Aid tax reclaimed Deferred income Other income 7 Other expenditure Bank loan and overdraft interest payable Employee costs Premises costs General administrative costs Legal and professional costs 8 Staff costs Salaries and wages No employee received emoluments in excess 9 Tangible fixed assets Cost or revaluation At 11 September 2019 At 10 September 2020 Net book values At 10 September 2020 At 10 September 2019 10 Creditors: amounts falling due within one year Loans from trustees Accruals and deferred income |
Unrestricted £ 9,125 - 15,393 24,518 Unrestricted £ 5,401 6,332 18,927 5,472 800 36,932 of £60,000. |
Restricted £ - 4,057 - 4,057 Restricted £ - - 13,634 97 - 13,731 5,542 5,542 2020 £ 1,566 840 2,406 |
Total 2020 £ 9,125 4,057 15,393 28,575 Total 2020 £ 5,401 6,332 32,561 5,569 800 50,663 £ 762,474 762,474 762,474 762,474 |
Total 2019 £ 12,829 4,057 - |
|---|---|---|---|---|
| 16,886 | ||||
| Total 2019 £ 5,528 7,694 46,093 5,723 13,173 |
||||
| 78,211 | ||||
| 6,334 | ||||
| 6,334 | ||||
| £ 762,474 |
||||
| 762,474 | ||||
| 762,474 | ||||
| 762,474 | ||||
| 2019 £ 22,500 840 |
||||
| 23,340 |
Page 12
Gurdawara Guru Hargobind Sahib Ji Notes to the Accounts
| 11 Creditors: amounts falling due after more than one year Bank loans and overdrafts Accruals and deferred income 12 Movement in funds At 11 September 2019 Restricted funds: Restricted income funds: 56,517 Total 56,517 Unrestricted funds: General funds 147,501 Revaluation Reserves: Total funds 204,018 13 Analysis of net assets between funds Fixed assets Net current assets Creditors due in more than one year and provisions 14 Reconciliation of net debt At 11 September 2019 £ Cash and cash equivalents 17,043 17,043 Bank loans (353,356) (353,356) Net debt (336,313) |
11 Creditors: amounts falling due after more than one year Bank loans and overdrafts Accruals and deferred income 12 Movement in funds At 11 September 2019 Restricted funds: Restricted income funds: 56,517 Total 56,517 Unrestricted funds: General funds 147,501 Revaluation Reserves: Total funds 204,018 13 Analysis of net assets between funds Fixed assets Net current assets Creditors due in more than one year and provisions 14 Reconciliation of net debt At 11 September 2019 £ Cash and cash equivalents 17,043 17,043 Bank loans (353,356) (353,356) Net debt (336,313) |
2020 £ 353,356 194,746 548,102 Incoming resources (including other gains/losses ) £ 39,448 39,448 30,457 69,905 Unrestricted funds £ - 4,713 (353,356) (348,643) Cash flows £ |
Resources expended £ (13,731) (13,731) (36,932) (50,663) Restricted funds £ 762,474 4,175 (194,746) 571,903 New HP/Finance leases £ |
2019 £ 353,356 198,803 |
|---|---|---|---|---|
| 552,159 | ||||
| At 10 September 2020 £ 82,234 |
||||
| 82,234 | ||||
| 141,026 | ||||
| 223,260 | ||||
| Total £ 762,474 8,888 (548,102) |
||||
| 223,260 | ||||
| At 10 September 2020 £ |
||||
| 17,043 | (5,749) | 11,294 | ||
| 17,043 (353,356) (353,356) (336,313) |
(5,749) - |
- | 11,294 (353,356) |
|
| - (5,749) |
- - |
(353,356) | ||
| (342,062) |
Page 13
Gurdawara Guru Hargobind Sahib Ji Notes to the Accounts
- 15 Related party disclosures
Controlling party
Page 14
Gurdawara Guru Hargobind Sahib Ji Detailed Statement of Financial Activities
for the year ended 10 September 2020
| Income and endowments from: Donations and legacies Appeals and dontions Charitable activities National Heritage DCMS Scheme Other Gift Aid tax reclaimed Deferred income Other income Total income and endowments Expenditure on: Other expenditure Bank loan and overdraft interest payable Employee costs Salaries/wages Staff entertainment Staff welfare Premises costs Rates Light, heat and power Premises cleaning Premises repairs and maintenance Other premises costs General administrative costs, including depreciation and amortisation Bank charges Equipment expensed General insurances Stationery and printing Sundry expenses |
Unrestricte d funds 2020 £ 5,939 5,939 - - - 9,125 - 15,393 24,518 30,457 5,401 5,401 5,542 790 - 6,332 2,321 9,673 977 5,126 830 18,927 - - 3,736 50 1,686 |
Restricted funds 2020 £ 5,933 5,933 22,540 6,918 29,458 - 4,057 - 4,057 39,448 - - - - - - - - - 13,634 - 13,634 97 - - - - |
Total funds 2020 £ 11,872 11,872 22,540 6,918 29,458 9,125 4,057 15,393 28,575 69,905 5,401 5,401 5,542 790 - 6,332 2,321 9,673 977 18,760 830 32,561 97 - 3,736 50 1,686 |
Total funds 2019 £ 31,444 |
|---|---|---|---|---|
| 31,444 | ||||
| - 36,516 |
||||
| 36,516 | ||||
| 12,829 4,057 - |
||||
| 16,886 | ||||
| 84,846 5,528 |
||||
| 5,528 | ||||
| 6,334 - 1,360 |
||||
| 7,694 | ||||
| 1,662 7,588 847 35,996 - |
||||
| 46,093 | ||||
| 146 200 4,569 40 768 |
Page 15
Gurdawara Guru Hargobind Sahib Ji Detailed Statement of Financial Activities
| Legal and professional costs Accountancy and bookkeeping Other legal and professional costs Total of expenditure of other costs Total expenditure Net gains on investments Net income Net income before other gains/(losses) Other Gains Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward |
147,501 141,026 |
5,472 800 - 800 36,932 36,932 - (6,475) (6,475) - (6,475) 56,517 82,234 |
97 - - - 13,731 13,731 - 25,717 25,717 - 25,717 - - |
5,569 800 - 800 50,663 50,663 - 19,242 19,242 - 19,242 204,018 223,260 |
5,723 |
|---|---|---|---|---|---|
| 800 12,373 |
|||||
| 13,173 | |||||
| 78,211 | |||||
| 78,211 - |
|||||
| 6,635 | |||||
| 6,635 - |
|||||
| 6,635 | |||||
| 197,383 | |||||
| 204,018 |
Page 16