Company registration number.. CE005760 Charity registration number". 1164645 Guru Nanak Gurdwara Football Club (A company limiied by share capital) Annual Report and Financial Statements for thc Ycar Ended 5 April 2025
Guru Nanak Gurdwara Football Club Contents Reference ai)d Adininistrative Details Trustee5' Report Independent Examinels Report Statement of Financial Activiti& Balance Sheet Notes to the Financial Statement 6t0 11
Guru Nanak Gurdwara Football Club Reference and Administrative Details Trustees Kulwii)der Singh Johal Dr Charanprcet Singh Johal PHD Natasha Pai'andeep Kaur Bains Surinder Singh Gill Ashvir Singh Johal Prineipal olee GNG FC - Riverside Football Ground 51 Braunstone Lane LeicesteT LE3 2FD The charity is ill¢Otpoiated in United KinbFdom. CompAny Registration Number CE005760 Charity Registration Number 1164645 Page I
Guru Nanak Gurdwara Football Club Trustees, Report Thc trustccs, whn arc dircctors for thc purposc% i)f company lam,, prcscnt thc annual rcport togcthcr with thc financial statcmcnts of thc charitablc company for thc ycar cndcd 5 April 2025. Objectives and activities Objects tsims The club deliveTed another year of football for the local community. The club continues to %ee good numbers of playeTS at all age group% from boy and girls. There has been a steady ri%e in the number of giTI player%. There has also been a small rise ill the nuinber of fetnale coaches at the cliib. The club continues to operate from the three sites tliat it occiipies Riverside Football Ground, Aylestone Playing Fields at]d Soar Valley College. The sunimer ivas busy as u511al I1th tlie anniial Leicester Football Tournan)ent h05ted at Riverside Football Gruund and Aylestone PlayingF Fields which attracted boy5 gFirls from dcr0&5 Enssland. Pvbli¢ benefil The tnjstees confirni that tliey have complied with tlie requirements of section 17 of the Cliarities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales. Structurey governance ad management Financial instruments Objechves andpolicies The charity's actiiities expose it to a number of fiiiancial risks including credit risk, cash flow risk and liquidity risk. The use of financial derivatives is governed by ihe chariiy's policies approved by ihe board of irusiees, which proi'ide ivritien principles on the use of financial derivatives to manage these risks. The charity does not use derivaiive financial instruments for speculaiive pujposes. The annual report was approved by the trustees of the charity on .................... and Sibined on its behalf by.. ES oka JIS.J.ohal.IWAr.fj..ao2fj..l211..29 GMT) Kulwinder Singh Johal Twstee Page 2
Guru Nanak Gurdwara Football Club Independent Examiner's Report to the trustees of Guru Nanak Gurdwara Football Club J report to the charity trnstees on my examination of the accounts of the charity for the year ended 5 April 2025 which are set out on paoes 4 to I l. Respective responsibilities of trustees and examiner As the charity's trustees of Guru Nanak Gurdwara Football c.lub (and also its direLtors for the purposes of Lompany lawl you are responsible for the preparatioii ol'the acLounts in accordance with the requirements of the Companies Act 2006 ('tht 2006 Act'l. Having saiisfied Inyself that the accounls of (iuru Nanak (iurdwara Football Club are not required to be audiied under Pan 16 of the 2006 Act and are eligible for independenl examination, I reporl 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(51(bl of the 2011 Act. IMdependent eX#iDer'S statement I havc complctcd my examination. l Confirm that no matt¢rs hav¢ com¢ to my attention in conn¢ction with th¢ examination giving me cause to b¢lieve'. accounting records were noi kept in respect of Guru Nanak Gurdwara Football Club as required by section 386 of the 2006 A¢t- or 2. the account5 do not accord with those record5. or 3. the acLounts do not comply with the aLLounting requiiemtnts of section 396 of the 2(K)6 Act othet than any requiremcnt that the acLounts give a 'tru¢ and fair vie, which is not a matter considered as part of an independent examination., or 4. the accountf have not beell prepared in accordallce with the methods and principle% of the Statement of Recotnmended Practice for accoiinting and reporting by charitie8 lapplicable to charities preparing their accounts in accordance with the Financial Rcporling Standard applicable in the UK and Republic of Ireland IFRS 102)]. I have no concems and liave come across no other Inatters in connection with the examination io which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Date.. Page 3
Guru Nanak Gurdwara Football Club Statement of Financial Activitie5 for the Year Ended 5 April 2025 (Including Incolne and Expenditure Account and Statement of Total Recognised Gains and Losses) Unrestricted funds Total 2025 Note Income and Endowments from: Donations and legacie 204,129 204,129 Total incorne 204,129 204.129 Expcnditurc on: Raising funds 217.767 217,767 Total expendire 217,767 217,767 Net expenditure 13,638 13.638 Net movement in funds (13,6381 113.6381 Reconelllatlon of funds Total funds broubFht ford 68,103 Total funds carricd foard 54,465 Unrestrieted funds 54,465 Total 2024 Note Income and Endowments from: Donations and legacie5 OtheT income 280,542 2,665 280,542 2,665 Total income 283,207 283,207 Expenditure on". Raising fund5 (273,5401 (273,540) Total expendire (273,5401 (273,540) Net income 9,667 9.667 Nct movcmcnt in fllnds 9,667 9,667 Reconciliation of funds Total funds brought fonvard Total lunds Lattied furward 13 68,103 68,103 All of the charity's activities derive from continuing operations during the above two periods. Tht funds br¢dkduwll fur 2024 ib shown in nute 13. Page 4
Guru Nanak Gurdwara Football Club (Registration number: CE005760) Balance Sheet as at 5 April 2025 2025 2024 Note Fixed asset5 Tangiblc asscts 24,510 31,190 Current assets Debtors Lash at bank and in hand 6,985 22,970 29,956 iu 32.488 32,488 Ttstal Assets less eurrent liabilities 54,465 63,678 Creditors. Amounts falling duc after morc than onc year 4,425 Net assets 54,465 68,103 Furtdg of the eharity: Unrestricted income funds Unrestricted funds 54,465 68,103 Total funds 54,465 68.103 For the financial year ending 5 April 2025 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. Directors, responsibilities.. The members have not requiTed the charity to obtain an audit of its accounts for the yeaT 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 records and tl)e preparation of accounts. These accounts haiie been prepaTed in a¢¢ordance HTith the provisions applicable to companies subject to the Small coinpaiiies rt¥ime. The financidl statements on pages 4 to 11 WeTe approved by the trustees, and authorised for issue on and si¥sned on their behalf by.. ES oha .KSJukYdl.IME*F6.2026.1.2.:21 29 GMT) Kulwiiider Singh Juhlil Trustee Page 5
Guru Nanak Gurdwara Football Club Notes to the Financial Statements for the Year Ended 5 April 2025 l Accountlng policles Summary of signifieant aeeountirtg polieies and key aeeounting estimates Thc principal accounting policies applicd in the prcparation of thcsc financial 8tatcmcnLs arc %ct out bclow. The.%e policie.s have been con%i8tently applied to all the years presented, unle%$ otheThvise ststed. Statement of ¢(bmplian¢e The linancial btatements have been prepared in accordance with Accounting and Reporting by Charities.. Statement of ReLommended PractiLe applicable to charities preparing their aLcounts in accordance with the FinanLial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effeLtive l January 20151- (Charities SORP (FRS 10211, Ihe Financial Reporting Standard applicable in Ihe UK and Republic OE Ireland (FRS 102}. They also comply wilh the Climpanies Acl 2006 and Charities Acl 2011. Basls of preparatlo Guru Nanak Gurdwara Football Club meets the definition of a public benefjt entity under FRS 102. Assets and liabilities are initiall}, recognised at historical cost or tTansaction value unless otherwise stated in the relevant accounting policy notes. Going concer The trustees consider that there are no rnaterial uncertainties about the charity's ability to Continue as a going concem nor any significant areas of uncertainty that affect the carrving value of assets held by the Charity. Exemptlon from preparlng # eash flow statement The charity opted to early adopt Bulletin I published on 2 February 2016 and have therefore not included a cash flow statement in these financial statetnent5. Income and elldoTrvment5 All income is recognised once Ihe charity has entitlement to the income, it is probable that the income will be received and the amount of the income receivable can be measured reliably. Donations legacies Donations are reeognised when the charity has been notified in writing of both the amount and settlenient date. In the event that a donatioi) is subject to conditions that require a level ofperfomianLe by the charity before the charity Is eniitled to the funds, the incoine is deferred and not recognised until either those condiiions are fully rnet, or the fulfilment of those conditions is wholly within the control of the ¢haritv and it is probable that these conditions will be fulfilled in the reporting period. Gvamts receivable Grants are reLognised when the Lhaiity has an entitlement to the funds and any Londitions linked to the graiits haiie been met. Where perfotmance Londitions ale attaLhed to the giant and are yet to be met. the income is recognibed as a liability and inLluded the bal£¢t sheet as deferted inLume to be releabed. Page 6
Guru Nanak Gurdwara Football Club Notes to the Financial Statements for the Year Ended 5 April 2025 Expendlture All expendire 15 recognised once there is a legal or constrllctive obligation to that expenditure, it 15 probable Settlement is required and the ainount can be measui'ed reliably. All costs are allocated to the applicable expenditure heading that aggregate similar cost5 to that category. IThere cost5 cannot be directly attributed to particular headings they haN'e been allocated on a basis consistent with the use of resouTces, Ivith centi'al staff Losts alluLdted the basib vf tiine bpent, dnd depTeLidtiun ch£e5 alloLateiJ on the portion vf the asset's use. OtheT SUPPOrt Lustb <tre dlluLated babed on the Spreid of st11}.lOstS. These are costs incurred in attracting voluntary income, the inanageinent of investJnents and those incurred in trading activities that Tale funds. Taxation The charity is considered to pass the tests set out in Parngraph I Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitsble company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part I l of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the exteni that such income or gains are applied exclusively to charitable purposes. Tangible fied assets Individual fixed assets costing £0.00 or Tnore are initially recorded at C05t. less any subsequent accumulated depreciation and subsequent accumulated impairrneiit losses. Depreciation and amortl5ation Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected uqeful economic life as follows.. Tradc debtors Trade debtor5 are nOUnts due froin custOmeTS for inerchandise sold or services perforined in the ordinary course of business. Trade debtors are recognised initially at the transaction price. They are Subsequently measured at amortised cost using the eftective interest method. less provision for impairment. A provision for the iinpaimient of trade debtors is established when there is objective eIdenCe that the charity will i)ot be able lo collect all amounts due according io the original temis of the receivables. Cash e#sh equii'alents Ca%h and cash cquivalcnts comprisc c&8h on hand and call dcposit%, and othcr short-tCTm highly liquid invcftmcnt% that arc rcadily coni'crtiblc to a known amount of ca%h and arc %ubject to an insignificant ri%k of change in value. Page 7
Guru Nanak Gurdwara Football Club Notes to the Financial Statements for the Year Ended 5 April 2025 Flnanelal Instruments 2 Income from donations and legacies Unre5trieted funds Total 2025 Total 2024 Gcncral Dot]ations and lega¢i¢s; Gift aid reclaimed 61,564 Grants, ineliiding capital grants., Grants from other cliarities Regular giving and capital donations 23,110 181.019 204 129 23,110 181,019 204 129 20,000 198,978 280 542 3 Other inetsme Total 2025 4 Expenditure on raising funds Costs of trading activities Unrestrii*ed funds Total 2025 Total 2024 General Note Costs of goods sold 1,765 1.765 6,899 6,899 Investment management Costs b) Unrestricted funds Total 2025 Total 2024 General Note Allocated support cost5 216,002 216,002 216,002 216,002 266,641 266,641 Page 8
Guru Nanak Gurdwara Football Club Notes to the Financial Statements for the Year Ended 5 April 2025 Tntal 2025 5 Net incomingl(bUtgoing resourc¢$ Net loutgoing)lincoming resources for the year include.. 2025 6 Trustees remuneration and expeTh5es 7 Taxation The cliarity is a registered charity and is therefore exeinpt frotn taxation. 8 Tangible fixed assets Land and buildings Total Cost At 6 April 2024 Additions 44,176 2,229 44,176 2,229 Ar 5 April 2025 46,405 46,405 Deprcciatlon At 6 April 2024 Charge flir the year 12,986 8,909 12.986 8.909 Ar 5 April 2025 21.895 Net book value Ar 5 April 2025 24.510 24,510 Ar 5 April 2024 31.190 31,19) Included within the net book value of land and buildings above is £Nil (2024 - £Nil} in respect of freehlild land and buildings and £24,51012024 - £31,190) in respect of leaseholds. 9 Debtors 2025 Other debtors 6,985 Page 9
Guru Nanak Gurdwara Football Club Notes to the Financial Statements for the Year Ended 5 April 2025 10 Cash and cash equivalents 2025 2024 Cash at bank 22.971 32,489 11 Creditors: amounts falling due after one year 2025 2024 OtheT loans 4,425 12 Share Capital 13 Funds Balanee at 6 Aprll 2024 Ineomlng resources Resources eipended Balance at 5 Aprll 2025 Unrestricted funds General 68,103 Balance at 6 April 21123 204.129 Incoming resources 217 767 54,465 Balance at S April 2024 Resources expended Unrestricted funds GeneTal 58,436 283,207 273,540 68,103 14 Analysis of net assets between fund5 Unrestrieted funds General Total funds Tangiblc fixcd asscts Current a5set5 Cutrent liabilities 24,510 29,956 24,510 29,956 Total net a55et5 54,465 54,465 Page 10
Guru Nanak Gurdwara Football Club Notes to the Financial Statements for the Year Ended 5 April 2025 ureStricted funds General Total funds Tangible fixed assets Currcnt a%8cts 31,190 32,489 31,190 32,489 cuent liabilitie5 Creditors over l year 4,425 4,425 Total net asset5 68,103 68,103 15 Analysis of tlet fund5 Flnanclng eash flows At 6 Aprll 2024 At 5 Aprll 2025 Cash at bank and in hand 32,489 32,489 Net debt 32,489 32,489 Flnaneln% eash flows At 6 Aprll 2023 At 5 Aprll 2024 Cash at bank and in hand 17,011 17,011 Net debt 17,011 17,011 Pagell
Guru Nanak Gurdwara Football Club Statement of Financial Activities by fund for the Year Ended 5 April 2025 Unrestricted funds Income and Endowments from: Expenditure on". Net incomellexpenditure) Reconelllatlon of funds Totsl funds catTied forwaTd Page 12
Guru Nanak Gurdwara Football Club Detailed Statement of Financial ActiTrTrties for the Year Ended 5 April 2025 2025 Unrestricted funds 2025 l-otal 2024 General Total Income and Endowment5 from: Donations and legacies lanalysed below} Other income lanalysed below) 204.129 204.129 280.542 2.665 ToLql incom¢ 204.129 204.129 283,207 Expenditure on: Raising funds lanalysed below) 217,767 217,767 273,540 Total expenditure 217,767 217,767 273 540 Net lexpenditurellineome 9,667 Net movemeiit in funds 113,6381 113,6381 9,667 Reconciliation of funds Total funds brought forward 68,103 68,103 58,436 Total funds Carried forward 54.465 54.465 68.103 Page 13