**REGISTERED CHARITY NUMBER: 0264931** ## **REPORT OF THE TRUSTEES AND** **UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2021** **FOR SIKH GURDWARA SOUTH LONDON** Alchemy Financial Solutions Ltd 19 Edinburgh Drive Staines - Upon - Thames Surrey TW18 1PJ **SIKH GURDWARA SOUTH LONDON** **CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2021** **Page Report of the Trustees** 1 to 3 **Independent Examiner's Report** 4 **Statement of Financial Activities** 5 **Balance Sheet** 6 **Notes to the Financial Statements** 7 to 12 **Detailed Statement of Financial Activities** 13 to 14 **SIKH GURDWARA SOUTH LONDON** ## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 APRIL 2021** The trustees present their report with the financial statements of the charity for the year ended 30 April 2021. The trustees have adopted the provisions of 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 2019). ## Page 1 **SIKH GURDWARA SOUTH LONDON** ## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 APRIL 2021** ## **STRUCTURE, GOVERNANCE AND MANAGEMENT** ## **Governing document** The charity is controlled by its governing document, a deed of trust, and constitutes an unincorporated charity. ## **Risk management** The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. ## **Public Benefit** The Trustees are aware of the Charity Commission’s guidance on public benefit reporting as set out in the Charities Act 2011. The Trustees believe that its objectives and activities of promoting the spiritual and moral advancement of humanity are for the general benefit of the public - level of reserves (that is those funds that are freely available) that there are funds to cover initial support for emergency - young offenders as their needs fall due. Reserves are also are not feasible. The trustees therefore consider that the - objectives and aims of the Gurdwara. All the major religious education to Sikh Children. Some of the children are to inform our members about the prevalence diseases of H&S checks and improvements to safeguard the ## **Reserves policy** The trustees have established the level of reserves (that is those funds that are freely available) that the charity ought to have. Reserves are held to ensure that there are funds to cover initial support for emergency appeals in the case of natural disasters and to support young offenders as their needs fall due. Reserves are also held to sustain operations when income generating activities are not feasible. The trustees therefore consider that the level of reserves as at 30.04.2020 of £1,082,800 (2019: £1,080,016) are sufficient to cover the above. ## **Principal funding sources** The main source of income was Voluntary income £66,880 (2019: £62,281). The charity received investment income of £21,979 (2019: £19,024) which shows an increase in the interest earned during the year on bank reserves. ## **Significant activities** The charity's main areas of activity this year were: -The implementation of the objectives and aims of the Gurdwara. All the major religious milestones in the Sikh calendar were celebrated with invitations to prominent Sikh preachers and scholars. - -Teaching of Punjabi and religious education to Sikh Children. Some of the children are ready to take GCSE exams. - in Punjabi. - An ongoing programme of improvement of the fabric of the buildings has been in progress during the year. - Medical seminars were organised to inform our members about the prevalence diseases such as diabetes, coronary heart problems and dementia in the community. Advice and help was made available to members who needed it. - Charitable work such as providing food for the elderly and needy was undertaken by volunteers. ## **Health and Safety** The Charity has an ongoing programme of H&S checks and improvements to safeguard the welfare of its members and any hazard identified is remedies immediately. ## **Covid 19** The Managing Trustees have followed Government regulations regarding Covid 19 diligently in the interests of Health and safety of their members. They have been proactive in implementing the Covid 19 safety measures in the Gurdwara premises. In March 2020 as the pandemic was beginning to spread, they cancelled the twice weekly congregational prayers and allowed attendance for individual prayers only. In June 2020 with the Covid virus continuing to spread the Trustees took the decision to close the Gurdwara completely - apart from funerals with limited numbers - to safeguard the health of their members and to assist the authorities in bringing the infections under control. Since virtually all the Gurdwara income is from voluntary donations by members of congregations, the restrictions and the full closure has had a significant effect on Gurdwara finances. However as per the reserves policy stated above the Trustees have been able to meet the day to day running expenses from the funds set aside for just such emergencies. Gurdwara financial position is stable and the Trustees are keeping it under regular review and will take any action necessary to maintain this status. ## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number** 0264931 Page 2 **SIKH GURDWARA SOUTH LONDON** **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 APRIL 2021** ## **Principal address** 142 Merton Road Southfields London SW18 5SP ## **Trustees** A S Dhanjal J S Plaha Mrs M K Gill V S Matharu Mrs G K Ghata-Aura - and review the risks to which the charity is exposed **Risk management** The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. ## **Independent Examiner** Inderjot Matharu FCCA Alchemy Financial Solutions Ltd 19 Edinburgh Drive Staines - Upon - Thames Surrey TW18 1PJ **EVENTS SINCE THE END OF THE YEAR** Information relating to events since the end of the year is given in the notes to the financial statements. Approved by order of the board of trustees on ............................................. and signed on its behalf by: ........................................................................ Trustee Page 3 ## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF SIKH GURDWARA SOUTH LONDON** ## **Independent examiner's report to the trustees of Sikh Gurdwara South London** I report to the charity trustees on my examination of the accounts of Sikh Gurdwara South London (the Trust) for the year ended 30 April 2021. ## **Responsibilities and basis of report** As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act'). I report in respect of my examination of the Trust's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. ## **Independent examiner's statement** I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: - with the applicable requirements concerning and Reports) Regulations 2008 other than any requirement across no other matters in connection with the examination 1. accounting records were not kept in respect of the Trust as required by section 130 of the Act; or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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. 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. Inderjot Matharu FCCA Alchemy Financial Solutions Ltd 19 Edinburgh Drive Staines - Upon - Thames Surrey TW18 1PJ Date: ............................................. Page 4 ## **SIKH GURDWARA SOUTH LONDON** ## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 APRIL 2021** |**DRAFT**
Notes
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
Investment income
2
**Total**
**EXPENDITURE ON**
Raising funds
3
Other
**Total**
**NET INCOME/(EXPENDITURE)**
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
**TOTAL FUNDS CARRIED FORWARD**|2021
Unrestricted
fund
£
17,019
16,680
33,699
34,499
4,537
39,036
(5,337)
1,082,800
1,077,463|2020
Total
funds
£
66,880
21,979| |---|---|---| |||88,859
51,532
34,543| |||86,075| |||2,784
1,080,016| |||1,082,800| |||| The notes form part of these financial statements Page 5 ## **SIKH GURDWARA SOUTH LONDON** ## **BALANCE SHEET 30 APRIL 2021** 2021 2020 Unrestricted Total fund funds Notes £ £ **FIXED ASSETS** Tangible assets 7 1,037,084 1,040,934 **CURRENT ASSETS** Cash at bank and in hand 46,927 48,761 **CREDITORS** Amounts falling due within one year 8 (6,548) (6,895) **NET CURRENT ASSETS** 40,379 41,866 **TOTAL ASSETS LESS CURRENT LIABILITIES** 1,077,463 1,082,800 **NET ASSETS** 1,077,463 1,082,800 **FUNDS** 9 Unrestricted funds 1,077,463 1,082,800 **TOTAL FUNDS** 1,077,463 1,082,800 The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by: ............................................. Trustee The notes form part of these financial statements Page 6 **SIKH GURDWARA SOUTH LONDON** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2021** ## **1. ACCOUNTING POLICIES** ## **Basis of preparing the financial statements** The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention. ## **Income** All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. as expenditure as soon as there is a legal or constructive it is probable that a transfer of economic benefits will be can be measured reliably. Expenditure is accounted for that aggregate all cost related to the category. Where they have been allocated to activities on a basis the following annual rates in order to write off each asset - 20% on reducing balance - 20% on reducing balance for particular restricted purposes within the objects ## **Expenditure** Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. ## **Tangible fixed assets** Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Plant and machinery - 20% on reducing balance Fixtures and fittings - 20% on reducing balance ## **Taxation** The charity is exempt from tax on its charitable activities. ## **Fund accounting** Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. ## **Pension costs and other post-retirement benefits** The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate. continued... Page 7 **SIKH GURDWARA SOUTH LONDON** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 APRIL 2021** ## **2. INVESTMENT INCOME** |**DRAFT**
2021
£
Rents received
16,600
Interest receivable - trading
80
16,680
**RAISING FUNDS**
**Raising donations and legacies**
2021
£
Staff costs
11,218
Sundries
186
Kirten Bhet
-
Support costs
15,840
27,244
**Investment management costs**
2021
£
Property repairs
7,251
Aggregate amounts
34,499
**TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 30 April 2021 nor for the
30 April 2020.
**Trustees' expenses**
'|2020
£
21,900
79| |---|---| ||21,979| ||2020
£
11,780
2,155
5,562
-| ||19,497| ||2020
£
31,325| ||51,532| ||year en
| ## **3. RAISING FUNDS** ## **4. TRUSTEES' REMUNERATION AND BENEFITS** There were no trustees' remuneration or other benefits for the year ended 30 April 2021 nor for the year ended 30 April 2020. There were no trustees' expenses paid for the year ended 30 April 2021 nor for the year ended 30 April 2020. ## **5. STAFF COSTS** The average monthly number of employees during the year was as follows: ||2021|2020| |---|---|---| |Staff|1|1| No employees received emoluments in excess of £60,000. continued... Page 8 **SIKH GURDWARA SOUTH LONDON** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 APRIL 2021** ## **6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES** |**D**
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
Investment income
**Total**
**EXPENDITURE ON**
Raising funds
Other
**Total**
**NET INCOME**
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
**TOTAL FUNDS CARRIED FORWARD**
**7.**
**TANGIBLE FIXED ASSETS**
**COST**
At 1 May 2020 and 30 April 2021
**DEPRECIATION**
At 1 May 2020
Charge for year
At 30 April 2021
**NET BOOK VALUE**
At 30 April 2021
At 30 April 2020|**RA**
Freehold
property
£
1,021,684
-
-
-
1,021,684
1,021,684|**FT**
Plant and
machinery
£
2,788
1,145
328
1,473
1,315
1,643|Fixtures
and
fittings
£
157,644
140,037
3,522
143,559
14,085
17,607|Unrestricted
fund
£
66,880
21,979
88,859
51,532
34,543
86,075
2,784
1,080,016
1,082,800
Totals
£
1,182,116
141,182
3,850
145,032
1,037,084
1,040,934| |---|---|---|---|---| |||||| |||||| |||||| |||||| continued... Page 9 **SIKH GURDWARA SOUTH LONDON** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 APRIL 2021** |**DRAFT**
**8.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Taxation and social security
Other creditors
**9.**
**MOVEMENT IN FUNDS**
At 1.5.20
£
**Unrestricted funds**
General fund
1,082,800
**TOTAL FUNDS**
1,082,800
Net movement in funds, included in the above are as follows:
Incoming
resources
£
**Unrestricted funds**
General fund
33,699
**TOTAL FUNDS**
33,699
**Comparatives for movement in funds**
At 1.5.19
£
**Unrestricted funds**
General fund
1,080,016
**TOTAL FUNDS**
1,080,016|2021
£
28
6,520
6,548
Net
movement
in funds
£
(5,337)
(5,337)
Resources
expended
£
(39,036)
(39,036)
Net
movement
in funds
£
2,784
2,784|2020
£
15
6,880
6,895
At
30.4.21
£
1,077,463
1,077,463
Movement
in funds
£
(5,337)
(5,337)
At
30.4.20
£
1,082,800
1,082,800| |---|---|---| continued... Page 10 **SIKH GURDWARA SOUTH LONDON** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 APRIL 2021** ## **9. MOVEMENT IN FUNDS - continued** Comparative net movement in funds, included in the above are as follows: ||Incoming|Resources|Movement| |---|---|---|---| ||resources|expended|in funds| ||£|£|£| |**Unrestricted funds**|||| |General fund|88,859|(86,075)|2,784| |**TOTAL FUNDS**|88,859|(86,075)|2,784| |**DRAFT**
A current year 12 months and prior year 12 months combined position is as follows:
Net
movement
At
At 1.5.19
in funds
30.4.21
£
£
£
**Unrestricted funds**
General fund
1,080,016
(2,553)
1,077,463
**TOTAL FUNDS**
1,080,016
(2,553)
1,077,463
A current year 12 months and prior year 12 months combined net movement in funds, included in the above a
as follows:
Incoming
Resources
Movement
resources
expended
in funds
£
£
£
**Unrestricted funds**
General fund
122,558
(125,111)
(2,553)
**TOTAL FUNDS**
122,558
(125,111)
(2,553)|||| A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: ## **10. RELATED PARTY DISCLOSURES** There were no related party transactions for the year ended 30 April 2021. continued... Page 11 **SIKH GURDWARA SOUTH LONDON** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 APRIL 2021** ## **11. POST BALANCE SHEET EVENTS** The World Health Organisation declared the outbreak of the coronavirus a pandemic in March 2020. As we progress through 2020, more information is becoming known about the scale and impact of the coronavirus. The pandemic might have a financial effect on the Charity and its operations. This may include changes to project implementation plans, alterations to ways of working and reductions in future donations. ## Page 12 **SIKH GURDWARA SOUTH LONDON** ## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 APRIL 2021** ||**FOR THE YEAR ENDED**|**30 APRIL 2021**|| |---|---|---|---| |||2021|2020| |||£|£| |**INCOME AND ENDOWMENTS**|||| |**Donations and legacies**|||| |Donations||14,413|62,126| |Gift aid||2,606|4,509| |Subscriptions||-|245| |||17,019|66,880| |**Investment income**|||| |Rents received
Interest receivable - trading
**Total incoming resources**
**EXPENDITURE**
**Raising donations and legacies**
Wages
Pensions
Sundries
Kirten Bhet
**Other trading activities**
Travelling
**Investment management costs**
Property repairs
**Other**
Cleaning
Plant and machinery
Fixtures and fittings|**DRAFT**
16,600
80
16,680
33,699
11,005
213
186
-
11,404
4
7,251
687
329
3,521||21,900
79
21,979
88,859
11,634
146
2,155
5,562
19,497
710
31,325
6,412
411
4,402| |||4,537|11,225| |**Support costs**|||| |**Management**|||| |Rates and water||1,293|2,233| |Insurance||2,536|2,455| |Light and heat||7,518|13,162| |Telephone||1,953|1,523| |Carried forward||13,300|19,373| This page does not form part of the statutory financial statements Page 13 ## **SIKH GURDWARA SOUTH LONDON** **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 APRIL 2021** 2021 2020 £ £ **Management** Brought forward 13,300 19,373 Postage and stationery 380 1,125 Advertising - 300 13,680 20,798 **Governance costs** Accountancy and legal fees 2,160 2,520 Total resources expended 39,036 86,075 **Net (expenditure)/income** (5,337) 2,784 ## This page does not form part of the statutory financial statements Page 14