2023-12-31-accounts

Charity number: 254837

Guru Nanak Gurdwara( Sikh Temple )

Trustees' report and financial statements for the year ended 31 December 2023

Guru Nanak Gurdwara( Sikh Temple )

Contents

	Page
Legal and administrative information	1
Trustees report	2
Independent examiners' report	3
Statement of financial activities	4
Balance sheet	5
Notes to the financial statements	6 - 10

Guru Nanak Gurdwara( Sikh Temple )

Legal and administrative information

Status

Trustees Ajmer Singh Basra Joginder Singh Balbir Kaur Cashier Charity number 254837 Accountants Mr P.Gola Chartered Certified Accountant 31 Oakthorpe Avenue Leicester Leicestershire LE3 0UR Business address 9 Holy Bones Leicester LE1 4LJ Bankers Barclays Bank Plc Leicester LE87 2BB

Page 1

Guru Nanak Gurdwara( Sikh Temple )

Trustees' report for the year ended 31 December 2023

Charitable objects

The main object of the Gurdwara is to provide religious services to the congregation and its members. These include daily morning and evening prayers attended by visiting Sikh preachers (saints, keertani Jathas and Kathakars, Dhadis).The Gurdwara offers services at the time of weddings, deaths etc. Recitings of Guru Granth the holy scriptures of the Sikhs are also held. Gurdwara celebrates all Gurpurbs which includes birthdays of Gurus, Martyrdom days and Vaisakhi festival. The Gurdwara organises Amrit sanchar (Baptism ceremony) for initiation of new members to the Khalsa faith twice a year. The Gurdwara takes part in jointly organised religious processions ( Nagar Kirtan ) to celebrate Vaisakhi and Guru Nanak Birthday Gurpurb. The Gurdwara broadcasts via a community radio station in April and during Guru Nanak Birthday Gurpurb.

Review of activities and achievements

Religious programmes were conducted daily at the Gurdwara which include two main diwans,one in the morning and one in the evening. World famous Sikh priests/preachers attended the Gurdwara from time to time. To further the teachings of Sikhism, use of local community radio was made. Daily religious programmes are being broadcast direct from the Gurdwara on Sabras radio in turn with other Gurdwaras. Amrit Sanchar as in past years has been conducted and Nagar Kitan processions were held at Vaisakhi and Guru Nanak Dev Ji's Gurpurb. A fireworks displays was held at the time of Guru Nanak Dev Ji's Gurpurb.

The Gurdwara continued to fund the Guru Nanak Panjabi School, but at a reduced level.

The Committee members were not paid any salaries or expenses for the performance of their duties.

Statement of trustees' responsibilities

Charity law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity at the year end and of its incoming resources and resources expended during that year. In preparing those financial statements, the trustees are required to:

• select suitable accounting policies and then apply them consistently;

• make judgements and estimates that are reasonable and prudent;

• state whether applicable accounting standards and statements of recommended practice have been followed subject to any departures disclosed and explained in the financial statements; and

• prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act . They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The trustees recommend that Mr P.Gola remain in office until further notice.

This report was approved by the trustees on 18 October 2024 and signed on its behalf by

Ajmer Singh Basra

Page 2

Guru Nanak Gurdwara( Sikh Temple )

Independent examiner's report to the trustees on the unaudited financial statements of Guru Nanak Gurdwara( Sikh Temple ). Charity Number: 254837

I report to the trustees on my examination of the accounts of Guru Nanak Gurdwara( Sikh Temple ) for the year ended 31 December 2023.

Respective responsibilities of trustees and examiner

As the charity's trustees you are responsible for the preparation of the accounts, you consider that the audit requirement of section 144 of the Charities Act 2011 (the Act) does not apply. It is my responsibility to state, on the basis of procedures specified in the General Directions given by the Charity Commissioners under section 145(5)(b) of the Act, whether particular matters have come to my attention.

Basis of independent examiner's report

My examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts.

Independent examiner's statement

In connection with my examination, no matter has come to my attention:

• (1) which gives me reasonable cause to believe that in any material respect the requirements

• to keep accounting records in accordance with section 130 of the Act; and

• to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the Act

have not been met; or

• (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Mr P.Gola Chartered Certified Accountants

31 Oakthorpe Avenue Leicester Leicestershire

LE3 0UR

18th October 2024

Page 3

Guru Nanak Gurdwara( Sikh Temple )

Statement of financial activities

For the year ended 31 December 2023

		Unrestricted		2023		2022
		funds		Total		Total
	Notes	£		£		£
Incoming resources
Donations	2	383,334		383,334		364,603
Gift aid	3	65,192		65,192		37,556
Grants	4	22,200		22,200		3,390
Total incoming resources		470,726		470,726		405,549
Resources expended
Staff costs		71,301		71,301		77,452
Rent, rates and service charge		11,253		11,253		1,840
Insurance		6,648		6,648		6,172
Light and heat		93,563		93,563		37,800
Cleaning		2,538		2,538		2,731
Repairs and maintenance		41,350		41,350		58,290
Printing, postage and stationery		360		360		963
Advertising		695		695		1,425
Telephone		1,066		1,066		896
Motor expenses		1,844		1,844		2,586
Legal and professional		1,740		1,740		1,140
Consultancy fees		12,294		12,294		-
Accountancy fees		2,100		2,100		2,100
Panjabi school education		11,880		11,880		-
Siropas, Kirtan, Deg & Langer		54,850		54,850		44,903
Donations paid		2,101		2,101		7,815
Sports & promotion activities		12,365		12,365		15,361
General expenses		2,334		2,334		1,186
Depreciation & amortisation		8,531		8,531		275
Total resources expended		(338,813	)	(338,813	)	(262,935	)
Net movement in funds		131,913		131,913		142,614
Total funds brought forward		2,111,124		2,111,124		1,968,510
Total funds carried forward		2,243,037		2,243,037		2,111,124

The notes on pages 6 to 10 form an integral part of these financial statements.

Page 4

Guru Nanak Gurdwara( Sikh Temple )

Balance sheet

as at 31 December 2023

Notes Fixed assets Tangible assets 9 Current assets Cash at bank and in hand Creditors: amounts falling due within one year 10 Net current assets Net assets Funds Unrestricted funds 12	2023 £ £ 2,220,559 31,884 31,884 ) (9,406 22,478 2,243,037 2,243,037 2,243,037	2022 £ £ 1,761,124 355,253 355,253 ) (5,253 350,000 2,111,124 2,111,124 2,111,124

The financial statements were approved by the Trustees on 18 October 2024 and signed on its behalf by

Ajmer Singh Basra

The notes on pages 6 to 10 form an integral part of these financial statements.

Page 5

Guru Nanak Gurdwara( Sikh Temple )

Notes to the financial statements for the year ended 31 December 2023

1. Accounting policies

1.1. Accounting convention

The financial statements are prepared in accordance with all applicable accounting standards, as modified by the Statement of Recommended Practice for Accounting and Reporting issued by the Charity Commissioners for England & Wales. (revised June 2008) (The SORP). The accounts have been drawn up in accordance with the provisions of the Charrities (Accounts and Reports) Regulations 2008.

1.2. Incoming resources

Voluntary income is received by way of donations and gifts and is included in full in the Statement of Financial Activities when receivable. Gifts donated for resale are included as income when they are sold. Donated assets are included at the value to the charity where this can be quantified and a third party is bearing the cost. The value of services provided by volunteers has not been included.

Grants, including grants for the purchase of fixed assets, are recognised in full in the Statement of Financial Activities in the year in which they are receivable.

1.3. Resources expended

Resources expended are recognised in the year in which they are incurred.

Support costs are those costs incurred directly in support of expenditure on the objects of the charity and include project management.

Management and administration costs are those incurred in connection with administration of the charity and compliance with constitutional and statutory requirements.

1.4. Tangible fixed assets and depreciation

Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:

Fixtures, fittings - and equipment 10% straight line Motor vehicles - 10% straight line

1.5. Pensions

The pension costs charged in the financial statements represent the contribution payable by the charity during the year.

2. Donations

Donations
		Unrestricted	2023	2022
		funds
		£	£	£
Ins - donations	1	383,334	383,334	364,603
		383,334	383,334	364,603

Page 6

Guru Nanak Gurdwara( Sikh Temple )

Notes to the financial statements for the year ended 31 December 2023

3. Gift aid Unrestricted funds £ Gift aid 65,192 65,192 4. Grant income Unrestricted funds £ Inc - Government grants 11,700 Inc - Lottery grant 10,500 22,200 5. Support costs Staff costs Rent, rates and service charge Insurance Light and heat Cleaning Repairs and maintenance Printing, postage and stationery Advertising Telephone Motor expenses Legal and professional Consultancy fees Accountancy fees Panjabi school education Siropas, Kirtan, Deg & Langer Donations paid Sports & Promotion activities General expenses Depreciation and amortisation	2023 £ 65,192 65,192 2023 £ 11,700 10,500 22,200 2023 £ 71,301 11,253 6,648 93,563 2,538 41,350 360 695 1,066 1,844 1,740 12,294 2,100 11,880 54,850 2,101 12,365 2,334 8,531 338,813	2022 £ 37,556 37,556 2022 £ 3,390 - 3,390 2022 £ 77,452 1,840 6,172 37,800 2,731 58,290 963 1,425 896 2,586 1,140 - 2,100 - 44,903 7,815 15,361 1,186 275
		262,935

Page 7

Guru Nanak Gurdwara( Sikh Temple )

Notes to the financial statements for the year ended 31 December 2023

6. Management and administration 7. Employees Number of employees The average monthly numbers of employees (including the trustees) during the year were: Gianis Employment costs Charitable expenditure £ Wages and salaries 70,383 Other pension costs 918 71,301 Unrestricted £ Wages and salaries 70,383 Other pension costs 918 71,301	Year Year ended ended 2023 2022 £ £ - - 2023 2022 Number Number 9 9 2023 2022 £ £ 70,383 76,588 918 864 71,301 77,452 2023 2022 £ £ 70,383 76,588 918 864 71,301 77,452	Year ended 2022 £
		-
		77,452

8. Pension costs

The company operates a defined contribution pension scheme in respect of the employees. The scheme and its assets are held by independent managers. The pension charge represents contributions due from the company and amounted to £918 (2022 - £864).

Page 8

Guru Nanak Gurdwara( Sikh Temple )

Notes to the financial statements for the year ended 31 December 2023

		Land and	Land and	Fixtures,	Fixtures,
9.	Tangible fixed assets	buildings		fittings and			Motor
		freehold		equipment			vehicles					Total
			£		£				£			£
	Cost
	At 1 January 2023	1,761,122			233,985				34,015			2,029,122
	Additions		459,435		8,531						-	467,966
	At 31 December 2023	2,220,557			242,516				34,015			2,497,088
	Depreciation
	At 1 January 2023		-		233,984				34,014			267,998
	Charge for the year		-		8,531						-	8,531
	At 31 December 2023		-		242,515				34,014			276,529
	Net book values
	At 31 December 2023	2,220,557			1						1	2,220,559
	At 31 December 2022	1,761,122			1						1	1,761,124
10.	Creditors: amounts falling due
	within one year						2023					2022
							£					£
	Other taxes and social security costs								6,909			2,850
	Other creditors								397			18
	Accruals and deferred income								2,100			2,385
									9,406			5,253
11.	Analysis of net assets between funds
					Unrestricted							Total
						funds						funds
							£					£
	Fund balances at 31 December 2023 as represented by:
	Tangible fixed assets					2,220,559						2,220,559
	Current assets							31,884				31,884
	Current liabilities							(9,406			)	(9,406		)
						2,243,037						2,243,037

Page 9

Guru Nanak Gurdwara( Sikh Temple )

Notes to the financial statements for the year ended 31 December 2023

12.	Unrestricted funds	1 January	Incoming	Outgoing		31 December
		£	£	£		£
	Unrestricted Fund	2,111,124	470,726	(338,813	)	2,243,037
		2,111,124	470,726	(338,813	)	2,243,037

Page 10