Company re(Tistration number.. CE005760 Charity registration number: 1164fv15 Guru Nanak Gurdwara Football Club {A company limiied by share Capi￿1) Annual Rew)n and Financial Sthremen for the Year Ended 5 April 2023 Gurn Nanak Gurdm'ara Football Club Conlenls Reference and Administraiiye Derails Trustees, Report Independent Examiner's RewTrrt Statement of Financial Activities Balanc¢ Sh¢¢t Notes 10 the Financial Statements 6t0 12 Gurn Nanak Gurdm'ara Football Club Reference and Administrative Delails Trustees Kulwinder Singh Jtshal Dr Charanpreei Singh Johal PHD Natasha Pavand¢¢p Kaur Bains Surinder Singh Gill Ashvir Singh Johal GNG FC - Riverside F￿Tball Ground 51 Brdunston¢ Lane L¢icesi¢r Principal Office LE3 ?FD The charity is incorpordied in United Kingdom. CE005760 Companv ReEiStration Number Charity Registration Nurnber 1164645 Page I Gurn Nanak Gurdm'ara Football Club Trustees, Report The tnislees. who are direciof5 for the putP05es of conipany law. present the annual report together with the fin[￿ClaI statenients of the charitable tompany for the year ended 5 April 20?3. Objectives and activities Objects. altsi GNG Fooiball Club is one of ihe biggest and oldesi grassrLK)ts f￿)Iball clubs in ihe City of Leicesier. The club operaies from ihe Riverside site in the south of ihe city and ihe Soar Valley siie in the north of ihe cli>. The club has over thirty teams w ith players from all ages, 4 years old io veierans ages. These plavers train and play league matches on a weekly basis. To oversee these teams we have a ￿aM of near 100 volunieers, mosi of who are FA qualified Loaches. This season saw a big increase in the number of girls playing fooiball ai ihe club. The six girls teams ihai we have running all train at the Soar Valley site and play iheir league maiches ai the Riverside siie. The clLib merged il's seniors. team. (iN(i Oadby To*'n FC. into ihe main GNG Football Club. This ieam plays in the UCI. t)ivision at step 5 of ihe fooiball p>'ramid svstem. The team played it's first season ai ihe Riverside Football Ground. having moved from it's fomier ground in Oadby. The club erecied a 100 seater siand ai the Riverside Fooiball Ground in order io fulfil ihe league's requirements and enable ihe move of GNG OT FC from Oadby io Riverside. Publl¢' benefil ALliviliL'% undert1¢ kcn to further ublic bcncfit 'l-he trustees coiifimi that they have complied with the requirements of Sttiion 17 of the Charities Act ?0 I l Lo have dtse rcbvard to the PLiblic bcncfit bTuidan¢e published by the Charity Comniission for EnbTland and Wales. Structure. %oTrern#ncc and mana%erncnt Fin8ncial instruments OlJJeLilva undpollele& The chariiy's aciiviiies expose it to a number of financial risks including credii risk. cash flow risk and liquidity risk. The use of financial derivaiives is governed by the charii). s policies approved by the board of trustees. wliich provide wriiien principles on the use or rinancial deriva(ives io manage Ihese risks. The chariiy does not use derivative financial In$￿UmentS for speculaiive purposes. The annual repon was approved by the irusitts of the chariiy on 18 July 2023 and signed on its behalf by.. Kulw'inder Singh Johal Trustee Page 2 Gurn Nanak Gurdm'ara Football Club Independent Examiner's Report to the truslees of Guru Nanak Gurdwara Football Club I report to the eharity trustees on my exanjination of the accounts of the charity for the year ended 5 April 2023 .hich are set out on pa¥e5 4 to 12. Respectiie responsibilitieg of truslets examiner As the Lharity'5 trustees (Trf Guru Nanak Gurdmara Football Club {and also its directors for the purposes of company l s accounts as carried out under seciiort 145 of the Charilies Act ?0 I I I'ihe ?0 I l Act'l. In cam'ing oui my examination I have followed the Directions given by the Charity Commission under setiion 14515Kb} of the 2011 Act. Independent examlner's staterntnl I have coinpleted niy exaniinaiion. I confirni that no mallers have come to my anenrion in connection with the examination gyivingy me cause to believe.. l. a¢¢ounting re¢ords were no¢ kept in respeci of Guru Nanak Gurdward Football Club as required by se¢iion 386 of the ?006 Aci; or 2. the accounts do not accord with those records: or 3. the accounts do noi complj. wilh the accounting requir¢ni¢nts of seciion 396 of Ihe 2006 Act other than aiiy requirement that the accounts give a 'true and fair viem, ￿lI1£h is not a niatler considered as part of an independent examination: or 4. th¢ a¢¢oiints hove not been prepored in a¢¢ordan¢¢ with the meihods and prin¢iples of tl)e Statement of Recommended Practice for accounting and reporting by chariiie5 lapplicable to charities preparing their account5 in accordance with the Financial Re￿rtIng Standard applitable in the UK and Republic of Ireland IFRS 10211. I have no concems and have corne acros5 no other Matters in conneclion with the examination to which attention should be drawn in thi5 rep)rt in order lo enable a proper understanding of the accounts to be Teached. 18July 2023 Page 3 Gurn Nanak Gurdm'ara Football Club Siatement of Finaneial Aetivitits for the Year Ended 5 April 2023 (Including Income and Expenditure Aceount and Statement of Total Reeognised Gains and Losses) Unrestricted ruNds Total 2023 Note Ineome and Endowments from: Donations and Icgacics Oiher income 194.050 3,892 194.050 3,892 Total income 197.942 197.942 Expenditure on: Raising tunds 1195.861) 1195.8611 Total expenditure 1195.861) 119fj.8611 Net income 2.081 ?.081 Net movement in funds 2.081 2,081 Reeonciliation of funds Total funds brought forward 56.354 56.354 Total funds ¢)rried forward 13 58.435 Unrestritted .f 8,435 Total 21122 Note Income #nd Fndowment5 from: Donations and leL7aLies 174.061 174.061 Total income 174.061 174.061 F.xpenditure on: Raising fund5 Charitable activities (113,5021 (9.6851 (113.5021 (9.685 Total expendiiure (123.1871 1123.187 Net income 50.874 50.874 Net movement in fund5 50,874 50.874 Reeonciliation of funds Total funds bn)u¥ht forward 5.480 5.480 Total funds tarried forw'ard 13 56,354 56,354 All of the charity's activitie5 dertve from continuing orKrations during the above two periods. 'lThe funds breakdown for 20?2 is shom'n in note 13. Page 4 Gurn Nanak Gurdm'ara Football Club (Registration number: CE005760) Balance Sheet as at S April 2023 2023 2022 Note Fixed assets Tangible assets 40.025 Current assets Cash ai bank and in hand 10 54,954 Creditors: Amounts fallit)g due wiihin one year Net current assets 17.010 54,954 Total assets less eurrent liabiliiies 57,035 54,954 Creditors: Amounts falling due after morn Ihan ont vear 1.400 1,400 Net assets 58.4i5 56,354 Funds ofthe eharlty.. Unrestrleted Income funds Unrestricted funds 58.435 56.354 Total fynd$ 13 58.435 56,354 For the financial year ending 5 April 20?3 ihe charity was enlitled io exemplion frorn audit under Section 477 of the Companie5 Act 2000 relaiing lo small companies. Directors. resEx)nsibiliiies: The members have not required the charity to obtain an audit of its accounts for the year in question in accordance with Section 476: and The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting re¢ord5 and the preparntion of accounts. These accounis have been prepared in accordance with the provisions applicable to companies subject to the small companie5 re¥ime. The financial statements on pages 4 to 12 were approved by the trustee5. and authorised for issue on 18 July 2023 and signed on their behalf by.. Kulwinder Singh Jghal Trustee Page 5 Gurn Nanak Gurdm'ara Football Club Notes to the Finaneial Statements for the Year Ended 5 April 2023 l Aeeounting policies Sumrnary of sigNificgnt accounting policies and kev accounting estirnates 'rhe principal accounting policies applied in ihe preparation of these financial sratements are set oui below. These policies have been consisienily applied io all the years presen￿d. unless othenvise Sta￿d. Siatement ofcomplianet 'I'hc fjnancial siatemcnrs have been prepared in accordance with Accounting and Reporting by Chariiie5.' Siatement of Kecommended Prdciice applicable io chariiies preparing iheir accounts in accordance w'ith ihe Fii)ancial Reporting Staiidard applicable in ihe UK and Republic of Ireland {FRS 102) (effective l Jaiiuary. 2015)- (Charities 8OKP IFRS 10211, Ihe Tr'inancial Reponing S¢andard applicable in d)e UK and Republic of Ireland IFRS 1021. They also comply with the Companies Aci 2LN)6 and Chariiies Aci 2011. B4sls of preparation Guru Nanak Gurdwara Football Club meets the definition of a public benefit eniity ui)der fRS 102. Ass¢¢s aiid liabilities are initiall), recognised ai historical cosi or trdnsaciion value unless otherwise stated in the Televant aLLounlin& policy noies. Going eoncern 'I'he Inisiee5 consider that there are no material uncenainiies about ihe chariry's ability to coniinue as a going Lon¥ern nor any sig7nificant areas of uncenainiy ihai a(feci ihe Ca￿'ing value of asseis held by il)e charily. Exemption from preparing # eash flom. st#lement The ¥harity opl¢d to early adopi Bulleiin I published on 2 FebThary 2016 and have therefore not included a cash Ilow statement in these financial sia¢ements. Income and end0￿[￿entS All income is recognised once the charity has eniiilement to the income, li is probable that the income will be received and ihe amount ofihe income receivable can be measured reliably. Donfilinn.F legucief Donations are recognised w'hen the charity h&5 been notified in WTiting of both the arnount and 5ettleinent date. In the evcnt that a donation IS subject to conditions that require a level of perfonnance by the charity before the charity 15 entitled to the fund5. the income is deferred and not re¢ogrti5ed until either those conditions are fully met. or the fuifilment of those condition5 15 wholly within the control of (he charity and it 15 piobable that these conditiorts will be fulfilled in the reportin¥ period. GrdNts recelvuble Granis are Tecognised when the chariry has an eniiilemeni io the fvnds and any conditions linked 10 the grants have been met. Where ￿rfOrManCe conditions are auached 10 ihe grani and are yei to be meL the income is recognised as a liabili￿ and included on ihe balance sheei as deferred income io be released. Page 6 Gurn Nanak Gurdm'ara Football Club Notes to the Finaneial Statements for the Year Ended 5 April 2023 Expenditure All eYpenditur¢ is r¢cognis¢d on¢¢ th¢r¢ i5 a legal or constrnctiv¢ obligation to that ¢xp¢i)dittEr¢, it is probabl¢ settlenient is required and th¢ amount can b¢ measured reliably. All costs are allocated to Il)e applicable expei)ditur¢ h¢ading thai aggregate similar costs to that cat¢goTh'. Wh¢r¢ ¢0sts cannoi b¢ directl) attribui¢d to panicular h¢adii)gTS they have been allo¢at¢d on a basis ¢onsi51¢ni M'ith the us¢ of r¢sourc¢s. with ¢¢nir81 SLqff costs allocated on tli¢ basis of lim¢ sp¢ni, and depr¢ciation charge5 all￿ated on the portion of the assel'5 use. Other 5UPPOrt Costs are Ilocated based on ihe spread of staff costs. These are Losts incurred in atiraciing voluntsry income. Ihe managemeni of invesiments and ihose incurred in Irading activities thai raise funds. Covernance cost5 ThLse include ihe cosis allribuiable io ihe charity's compliance with consiituiional and sraiutory requireinents. including audit. strategic managemeni and trustees's meeiings and reimbutsed expenses. TaxJlion The Lharity is considered io pass the iests out in Paragraph I Schedule 6 of the Finance Aci ?010 and therefore it mecis Ihc definition ora charitable company for UK corporation lax purposes. Accordin&)l>'. Ihe charity 15 POtci)iially excmpi from taxaiion in rcspect of income or capital gains rcccived Miihin caicbiories covered by Chapicr 3 Part I I of the Corporation Tax Aci 2010 or Section 256 of the Taxation of Charb>eable Gains Act 1992. 10 ihc extent that such income or gains are applied exclusively io charitsble purposes. Tangible fixed assets Individual fixcd assets costing £0.00 or more are initially recorded at cost. less any subsequent accuinulated depreciation and subsequent accumula*d impaim)eni losses. Deprecilltion snd amorti.s&tinn DepreLiaiion is prowided on tc1ngible fixed so as io wriie otT the cost or valuation. less any estimated residual value. over their expected useful economic life as follows.. C8sh and cash equival¢nl$ Cash and Lash equiwl£ lenis comprise cash on hand and call detx)sits. and other thort-terni highly liquid investments that are readily convertible 10 a know) amount ofcash and are subject to an insignificant risk ofchange in value. Fund .structure Designated funds are unreslricted funds sei aside for specific p￿r￿Se5 at the discreiion of the trnstees. Page 7 Gurn Nanak Gurdm'ara Football Club Notes to the Finaneial Statements for the Year Ended 5 April 2023 FinanciAI instruments 2 Incorne frorn donations and legacie5 Unrestricted fund5 Toial 2023 Total 21122 General Donations and legacies: Gill aid reclaimed Grants, including capital grants: Grants from other charities Rcgyular g?iving and capital donation5 38.040 38.040 14.026 160.035 156.010 IS6.010 194.050 194.050 174.061 3 Other incorne TotAI 2023 4 Expenditure on rwising fund$ al Cost5 of trading actlvitles Unre51ricted fund5 Tolal 2023 Designated Nole Costs of goods sold 485 485 485 485 Page 8 Gurn Nanak Gurdm'ara Football Club Notes to the Finaneial Statements for the Year Ended 5 April 2023 bl Investment managem¢DI costs Unreslrieied funds Total 2023 Total 2022 General Note Allocated support costs 195.i76 19f.i76 113,50? 195.376 195.376 13.502 Total 202) 5 Analysis ofgovernanee ¥4nd support Costs Governance costs Tolal 2023 Tolal 2022 Legal fees 9.685 9,685 Page 9 Gurn Nanak Gurdm'ara Football Club Notes to the Finaneial Statements for the Year Ended 5 April 2023 6 Net Incomin￿o￿te0]ng resources Net in¢oming resou￿¢S for th¢ year include.. 2023 7 Trustees remuneration and expenses 8 Taxation Thc charity is a registered charity and is therefore exemtrt from l&¥ation. 9 Tangible fjxed ¥4ssets L#Trd *nd building5 Tot¥1 Cost Additions 44,176 44,176 At 5 April 2023 44,176 44,176 Dcpreeiation Charb)L for the year At 5 April 2023 4,151 4,151 4.151 4.151 Net book value At 5 April 2023 40,025 40,025 Includcd within thc net book valuc of land and buildings above 15 £Nil12022- £Nil) in resPCCt of freehold land and buildings and £40.02512022- £Nil) in respect of leasehol(L5. 10 Cash and cash equivalents 2023 2022 Cash at bank 54,954 I I Creditor5: amouDts falliDg due after ODe vear 2023 2022 Oiher loans (1.400) (1.400) Page 10 Gurn Nanak Gurdm'ara Football Club Notes to the Finaneial Statements for the Year Ended 5 April 2023 12 Share capital 13 Funds Balance at 6 April 2022 Incoming rewurces Resources expended Balance at 5 April 2023 Unrestrieted funds General 56.354 194.050 {195.376) 55,028 Designated 3.892 1485 3,407 Total funds 56,354 197.942 {195.861) 58,435 Bal8nce 8t 6 April 2021 Intominp r¢sourr¢s R¢sources expend¢d B8lance xt April 2022 Unrestricted funds General 5.480 174.061 1123.1871 56,354 14 Analy519 of net a$se¢s between fund$ Unrestricted funds General Total funds Tangible fixed assets Current assets Current liabilities Creditors over l year 40.025 40.025 1.400 1.400 Total net assets 58.435 58.435 Unre5tri£ted funds General Ttstal funds Currcnt assets Crediiors over l year 54.954 1,400 54.954 1,400 Total net asset5 56,354 56,354 Pagell Gurn Nanak Gurdm'ara Football Club Notes to the Finaneial Statements for the Year Ended 5 April 2023 15 Analysis of net funds At 6 April 2022 Financing cash flows At 5 April 2023 Cash at bank and in hand 54.954 {54.9541 Net debi 54.954 At 6 April 2021 {54.9i41 Financing cash flows At 5 April 2022 Cash ai bank and in hand 5.480 15.4801 Net debi 5.480 (5.4801 Page 12 Gurn Nanak Gurdm'ara Football Club Statement of Finaneial Activities b). fund for the Year Ended 5 April 2023 Unrestricted funds General Funds A 2023 Income and F.ndowments from: Doiiations and leLTacies 110.133 Total incom¢ 110,133 Expenditure on: Net income 110,133 RetoNciliation of funds Total funds carried forward 110.133 Page 13 Gurn Nanak Gurdm'ara Football Club Detailed Stalement of Finalleial Activities for the Year Ended 5 April 2023 2023 UNrestrictcd fuMds 2023 Total 2022 Designated GeDer*l Totgl Income and Endowments from: Donaiions and legacies laThalysed below) Other income lanalysed below) 194.050 194.050 3,892 174.061 3.892 Total income J.892 194.050 197,942 174,061 Expenditure on: Raisinbl lunds lanalysed below) Charitable activities (analysed below.) 1485) {195.3761 {195.861) (113.5(Tr21 (9.6851 Total expenditure 14851 {195.3761 119.5.8611 112i.1871 Net in¢omel{¢xpendilurt) 3.407 11.3?61 ?.081 50.874 Net movement in funds 3.407 (1.3261 7.081 50.874 Reeonciliation of funds Total I'unds broubThi forward 56.354 56.354 5.480 To¢al funds carried forward 3,407 58,435 56,354 Page 14 ## Guru Nanak Gurdwara FC Accounts YE 5 April 2023 ## Final Audit Report 2023-07-28 Created: 2023-07-28 By: Shyam Thanki (shyam.thanki@aims.co.uk) Status: Signed Transaction ID: CBJCHBCAABAA1kfNrdAZlPD6OVghVIfoc0O3YGcetijN ## "Guru Nanak Gurdwara FC Accounts YE 5 April 2023" History ## Document created by Shyam Thanki (shyam.thanki@aims.co.uk) 2023-07-28 - 9:27:55 AM GMT- IP address: 217.33.63.115 ## Document emailed to ks.johal@hotmail.com for signature 2023-07-28 - 9:28:36 AM GMT ## Email viewed by ks.johal@hotmail.com 2023-07-28 - 10:57:57 AM GMT- IP address: 86.22.74.89 Signer ks.johal@hotmail.com entered name at signing as KS Johal 2023-07-28 - 10:58:30 AM GMT- IP address: 86.22.74.89 ## Document e-signed by KS Johal (ks.johal@hotmail.com) Signature Date: 2023-07-28 - 10:58:32 AM GMT - Time Source: server- IP address: 86.22.74.89 ## Agreement completed. 2023-07-28 - 10:58:32 AM GMT