2023-01-31-accounts - Guru Nanak Sikh Temple (Scunthorpe)

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

Achiev	eme	nts and Per	formance
			SORP reference
Summary	ofthe main			The main achievements and the difference the
achievements		ofthe charity,		work ofthe GNST(S) made are:
identifying	the	difference the		~	A congregation point for the Sikh
charity's	work	has made to the			Community in the local area.
circumstances of its beneficiaries and any wider benefits to society as a whole.			Para 1.20	~	The wellbeing, pastoral care and support to the Sikh Community in the local area.
				~	The spiritual education ofchildren.
				~	Provision ofactivities for children.
				~	Reaching out to the local non-Sikh
					community e.g. School visits to the
					temple, provision of meals to the
					homeless and poor.
				~	Support the aged and needy.
				~	Health and wellbein activities.

				~ Heal	th	and well	bei	n	activit	ies.
Additional	information	(optional)
You ma choose to include			further statements	where relevant		about:
Achievements against objectives set			Para 1.41
Performance offundraising activities against objectives			Para 1.41
set
Investment a ainst ob	performance ectives		Para 1.41
Other				The Trustees		would like	to	record their
				appreciation	and thank		the	sevadars,		kitchen
				team and other volunteers				for	their seva, which
				keeps the Temple functioning					and allows it to
				serve, en a	eandsu		ortthesan			atandlocal

Financi	Financi	al	al	Review	Review	Review	Review
Review		of		the charity's					Para 1.21	During the period under review the Charity
financial			position			at	the end			income was E96,738 (Donations f66,279,
ofthe	period									Property Rent F16,880, Giftaid E3,220, insurance claim f10,355and E4interest) and
										expenditure f52,023 including legal fees of
										F9,088 in respect of property ownership dispute
										with the previous Trustees and Sangat Loan
										repayments ofF10,000 resulting in a net
										surplus off34,715.
										The underlying position excluding non-recurring
										legal fees was a surplus of843,803.
										In addition to donation income the Charity
										received property rental income ofF16,880 and
										incurred costs ofF448, producing in net rental
										income of K16,432.
										Giftaid claim was submitted and paid respect of
										2020-21 (K3,220) and a claim in respect of
										2021-2022 (estimated f10,516)will be
										submitted in the next financial ear.
Statement				explaining			the		Para 1.22	The Charity does not hold reserves other than
policy for			holding			reserves				any cash in hand, a current account and a
stating	why			they are			held			deposit account. Expenditure is covered by regular income and
										any deficit covered from the operating reserves
										held in cash.
										lffunds are required for any special purpose,
										these are raised from the members through a
										s ecial a eal or loans.
Amount		of		reserves			held		Para 1.22	f68,781 in Cash and Current/Deposit Accounts
Reasons			for		holding		zero		Para 1.22	Some reserves held in cash to support ongoing
reserves										operations and provision ofservices.
Details	of		fund materially					in	Para 1.24	No funds held in variable investments.
deficit										The Charity has loans totalling E112,000 to
										cover the trading deficit due to exceptional legal
										fees and mortgage redemption costs
										associated with a fraudulent mortgage taken
										out by Surjit Singh, a previous property Trustee,
										who has been removed by order ofa High
										Court Judgement. These loans are interest free
										and no repayment date has been agreed.
										Loans outstanding have been reduced by F700 from f112,700 due to reclassification as
										donations.
Explanation					ofany				Para 1.23	The legal case relating to a property ownership
uncertainties					about the					dispute with the previous Trustees was decided
charity continuing concern						as	a going			by the Leeds High Court in favour ofthe GNST(S) and costs awarded in September/
										October 2019.
										The only uncertainty is the recovery ofthese
										costs from the defendants:
										~ Surjit Singh, R132k+ (695k +F37k+
										rental income), has been declared
										bankrupt. Sadly, Sujrit Singh has
										passed away anditis unlikely any of
										monies due will be recovered.

~ Balbir Singh, circa R130k(895k plus
interest and costs), who financial status
is unclear. Balbir Singh owned
residential property at 48 Taylor Road
and adjoining land, on the order ofthe
High Court Wolverhampton, Paul
Raine, independent Single Joint Expert,
was appointed to value the property
and in his written report he concluded
that the property valuation in an open
market would be circa 8210k and ifthis
valuation is achieved circaf91kless
costs could be realised after the
mortgage of circa 2119kis redeemed.
As agreed with the Wilkin Chapman, the final 8
x21000 payment instalments ofthe historical
legal fees claimed were paid during the year
and matter settled. Any fees incurred are now
paid on an ongoing basis.
Post Year End:
As result ofan application to the High Court,
judgement has been granted to take
possession of48 Taylor Road and the order
has been executed by Bailiff's and the property
is now in the control ofthe GNST. Balbir
Singh's son, Anwarjit Singh, offered to pay F95k
for the property to be released back to his
family and the GNST has also instructed an
Estate Agent to market the property.
The Management Committee and Trustees feel
that with the historical legal feesissue resolved
and a good prospect that Balbir Singh's
property will realise a material sum, the Charity
will have sufficient funds to continue as a going
concern for the foreseeable future.

							concern for the fores	eeable future.
Additional		information			(optional)
You ma	choose		to	include further statements			where relevant about
The charity's principal							Funds are generated	from donations	and the
sources	of	funds	(including			Para 1.47	provision of pastoral	services to the local Sikh
any fundraising)							Community.
							Property rental income from the letting			oftwo
							domestic properties	on 22 Dale Street		and 209a
							&209b Frodingham	Road, Scunthorpe.
							Giftaid income.
							De osit account interest.
Investment		policy and					Not applicable
objectives		including		any		Para 1.46
social investment			policy
ado ted
A description ofthe principal risks facing the charity						Para 1.46	Only the risk that remains is he recovery of legal costs awarded by the Leeds High Court
							from the defendants,	Surjit Singh and	Balbir
							Singh and the repayment of member's			loans.
							The Management Committee and Trustees are
							confident these risks	are manageable	with the
							continued su ort of	the San at.
Other

Description ofcharity's
trusts:
Type ofgoverning document	Para 1.25	Trust Deed and Written Constitution
trust deed, ro al charter
How is the charity	Para 1.25	Unincorporated religious organisation
constituted?
(e.g unincorporated
association, CIO
Trustee selection methods	Para 1.25	The Property Trustees were appointed	through
including details of any		an election process by members ofthe	Guru
constitutional provisions e.g. election to post or name of any person or body entitled to appoint one or more trustees		Nanak Sikh Temple (Scunthorpe). The Charity Trustees were the past President, Treasurer and two ofthe Property Trustees. With the long running legal case decided in favour ofthe GNST the Management Committee and the Trustees plan to review the
		Governance Structure in 2023-2024.

Additional	information	information	(optional)
You ma	choose to include		further statements	where relevant about
Policies adopted	and procedures for the induction		Para 1.51	Induction reference	by the Management Committee with to the written Constitution, guidance
and training		oftrustees		from legal	advisors and	Charity	Commission
				information.
				More work will be carried out			oin	forward.
The charity's		organisational		Other Sikh Temples in		the UK	and	India
structure	and	any wider	Para 1.51
network	with	which the
charit works
Relationship with any related arties			Para 1.51	No formal	relationship
Other

Trustee	name
Sukhdev Sin		h	Confirmed	b	Leeds HC
Balbir	Kaur Gosal		Confirmed	b	Leeds HC
Kuldi	Kaur		Confirmed	b	Leeds HC

Funds held as cust	odia	n trust	ees on behalf ofother
Description ofthe assets		Nil
held in this ca acit		Property	held on behalf the GNST(S) only
Name and objects ofthe		Nil
charity on whose behalf	the
assets are held and how	this
falls within the custodian
charit 's obects
Details of arrangements	for	Nil
safe custody and
segregation ofsuch assets
from the charity's own
assets

	(HAP)Ty (PMM)gg)ON	(HAP)Ty (PMM)gg)ON	(HAP)Ty (PMM)gg)ON	(HAP)Ty (PMM)gg)ON	(HAP)Ty (PMM)gg)ON	(HAP)Ty (PMM)gg)ON	(HAP)Ty (PMM)gg)ON		Guru	Nanak Sikh	TemPle (ScunthorPe)			1155573	1155573
	FOR ENGLAND		AND			WALES
										Receipts and payments			accounts			CC&ea
									For	the period from	01/02/2022	To		31/01/2023
				~			.	s	~.
									Unrestricted funds		Restricted funds	Endowment funds		Total	funds	Last year
									to the	nearest E	to the nearest 6	to the nearest 6		to the nearest L		to the nearest 6
A1 Receipts
Congregation Donations										66,279					66,279	58,051
Includes Insurance claim 8			scrap		sales					10,355					10,355
Rent										16,880					16,680	13,048
Giftaid										3,220					3220
Deposit Account		Interest
Other
	u tota	ross	income				or
							AR)			96,738					96,738	71,099
A2 Asset and		investment			sales,
(see	table).
Sangat Loans		- Legal Case
Sangat Repayment - Legal					Case					10,000					10,000
				u		oa				10,000					10,000
		Total		receipts											86,738
A3 Pa ments
Total	Utilities									9,550					9,550	9,425
Total	Other Propery Occupancy			Costs						14,294					14,294	17,634
Total	employment	8 Travel costs								16,889					16,889	15,265
Total	Food and Beverages									964						267
Total	Legal Fees									9,088						12,513
Total	Postage and Stationery															100
Total	Bank Charges									562						462
Total	Rental Property Costs															183
Total	Other/Misc	Costs								228						235
			Sub			total				52,023					52,023	56,084
A4 Asset and		investment
urchases see table
			Sub			total
		Total payments								52,023					52,023	56,084
Net ofreceiptsl(payments)										34,715					34,715	15,015
A5 Transfers		between	funds
A6 Cash funds last year				end						4,
	Cash funds this		year			end		.		68,784					68,784	34,069

						~	~	i	~			~ ~			~	~ ~
											Unrestricted				Restricted			Endowment
	Categories			Detaiis								funds				funds		funds
											to	nearest R			to	nearest	K	to nearest	K
61 Cash	funds			Cash in	hand								91
				Bank								64,972
				Bank								3,721
							Total		cash	funds		68,784
				(agree balances			with receipts and payments
										account(s))
											Unrestricted				Restricted			Endowment
												funds				funds		funds
				Details							to	nearest 6			to	nearest	k	to nearest	K
B2Other monetary assets				Not applicable
				Details							Fund to which asset belon s			Cost (optional)				Current value o tional
B3Investment		assets		No applicable
				Details							Fund to which asset belon s			Cost		(optional)		Current value o tional
B4Assets retained for			the	207 Frodingham		Road, Scunthorpe
charity's	own use			209 Frodingham		Road, Scunthorpe
				22 Dale Street,		Scunthorpe
65Liabilities				Details Members	Loans						Fund liabili	to which relates			Amount due o tional 112,000			When due o tional To be agreed
Signed by one or two trustees behalf of all the trustees			on		Sig			ture				Print Name						Date of a roval
												Sukhdev		Sin	h
											+ASHt7		. t	Ss/tA		/Lit 2J		IO	'Z