2023-03-31-accounts - The Indian Welfare And Cultural Association (Singh Sabha Gurdwara)

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		Pages
Trustees' Annual Report		2to4
Independent Examiner's	Report
Statement of Financial Activities
Balance Sheet
Notes tothe Accounts		gto 12
Detailed Statement ofFinancial Activities		13to 14

for the year	ended 31March	2023
			Unrestricted
			funds	Total funds		Total funds
			2023	2023		2022
		Note
Income and	endowments
from:
Donations	and legacies		132,021	132,021		85,230
Investments			201	201		116
Total			132,222	132,222		85,346
Expenditure	on:
Other			152,458	152,458		79,535
Total			152,458	152,458		7$,535
Net gains on	investments
					'
Net (expanditure)/income		5	(20,236)	(20,236)		$,811
Transfers between funds
Net (expenditure)/income before other gains/(losses)			(20,23'6)	(20,236)		5,811
Other gains	and tosses
Net movement in funds			(20,236)	(20,236)		5,811
Reconciliation offunds:
Total funds brought forward			649,523	649,523		645,712
Total funds	carried forward		629,287	629,287		6¹,523

ingh Sabha Gurdwara In Balance Sheet at 31March 2023	ingh Sabha Gurdwara In Balance Sheet at 31March 2023	dian Welfare and Cultural Ass	ociation
Charity No. 270641				2023	2022
				f	f
Fixed assets
Tangible assets			7	478,123	434,767
				478,123	484,767
Current assets
Cash at bank and in hand				156,383	%i8,445
				156,383.	368,445
Creditors: Amount	falling	due within one year	8	(5,219)	(3,689)
Net current assets				151,164	364,756
Total assets less current liabilities				629,287	649,523
Net assets excluding pension asset or liability				629,287	649,523
Total net assets				629,287	649,523
The funds ofthe charity
Restricted funds
Unrestricted funds
General funds				629,287	649,523
				629,287	649,523
Reserves
Total funds				829,287	989,828
Approved by the trustees		on 04January 2024
And signed on their	behalf by:

s tothe Acc	s tothe Acc	ounts
Expenditure
Recognition		of	Expenditure is recognised on an accruals basis. Expenditure includes any VCT which
expenditure			cannot be fully recovered, and is reported as part ofthe expenditure to whkh it
			relates.
Expenditure		on	These comprise the costs associated with attracting	voluntary	income, fun*a ising
raising funds			trading costs and investment management costs.
Expenditure		on	These compdise the costs incurred by the Charity in the degvery ofits activi:ies and
charitable	activities		services in the furtherance ofits objects, including	the making	ofgrants anc
			governance costs.
Grants payable			All grant expenditure is accounted for on an actual	paid basis	plus an accrual for
			grants that have been approved by the trustees at	the end ofthe year but not yet
			paid.
Governance		costs	These include those costs associated with meeting	the constitutional and statutory
			requirements ofthe Charity, including any audit/independent		examination fees,
			costs linked tothe strategic management ofthe Charity, together with a share of
			other administration costs.
Other expenditure			These are support costs not allocated to a particular activity.

7	Tangible fix	ed	assets
							Fixtures
				land and	Kitchen	Motor
				buildings	renovation	Vehicles	Fitting & Equipment	Total
	Cost or revaluation
	At 1April 2022			453,119	168,911	18,440	75,592	v16,062
	Additions						1,267	1,267
	At 31March	2023		453,119	168,911	18,440	76,859	v1?,329
	DepreciatiOn		and
	impairment
	At 1April 2022				140,290	17,554	73,451	231,295
	Depreciation	charge for the			7,155	221	535	7,911
	year
	At 31March	2023			147445	17775	73986	239206
	Net book values
	At 31March	2023			21,466	665	2,873	478,123
	At31March	2022		453,119	28,621	886	2,141	484,767
8	Creditors:
	amounts falling due within one year
						2023		2022
								f
	Other creditors					4,139		3,689
	Accruais					1,080
						5,219		3,689
9	Movement	in	funds
						Incoming
						resources
								At31
						(including	Resources	March
					At1April	other gains/losses	expended	2023
					2022	)
						f
	Restricted funds:
	Unrestricted	funds:
	General funds				649,523	132,222	(152,458)	429,287
	Total funds				649,523	132,222	(152,458)	629,287
10	Analysis of	net assets between funds
							Unrestricted
								Total
							funds
							f	6
	Fixed assets						478,123	x78,123
	Net current	assets					151,164	:51,164
							629,287	629,287

or the year ended 31Ma	rch	2023
			Unrestricted
			funds	Total funds		Total funds
			2023	2023		2022
			E	E
Income and endowments	from:
Donations and legacies
Receipted Income			85,024	85,024		33,291
Golak Money			40,064	40,064		31,939
Gift Aid			6,933	6,933
			132,021	132,021		85,230
Investments
Bank interest			201	201		116
			201	201		116
Total income and endowments			132,222	132,222		85,346
Expenditure on:
Other expenditure
Donations			7,300	7,300
Food and Provisions			6,782	6,782		2,151
			14,082	14,082		2,151
Priest and preacher costs
Priests and Preachers			43,542	43,542		31,505
Training						336
Akhand Path costs			1,725	1,725		1,400
			45,267	45,267	-	33,241
Motor and travel costs
Vehicles - Gerieral costs			1171	1,171		1,305
Travel and subsistence			33	33
			1,204	1,204		1,305
Premises costs
Rates			1,888	1,888		1,149
Light, heat and power			22,210	22,210		10,705
Premises cleaning			703	703		1,571
Premises repairs and			48,232	48,232		10,027
maintenance
			73,033	73,033		23,452
General administrative	costs,
including depreciation	and
amortisation
		'
Depreciation of Kitchen'			7,155	7,155		9,541
renovation
Depreciation ofMotor Vehicles			221	221		296
Depreciation of Fixtures		Fitting &	535	535		714
Equipment
Bank charges			967	967		769

Singh Sabha Gurdwara Indian Welfare and Cultural Association	Singh Sabha Gurdwara Indian Welfare and Cultural Association
Detailed Statement of Finandal	Activities
General insurances		4,700	4,700	4,100
Software, ITsupport and related		100	100
costs
Stationery and printing		1,057	1,057	1,376
Subscriptions				859
Sundry expenses		788	788
Telephone, fax and broadband		994	994	972
		16,517	16,517	18,627
Legal and professional costs
Accountancy and bookkeeping		1,710	1,710	630
Other legal and professional		645	645	129
costs
		2,355	2,355	759
Total ofex'penditure ofother costs		152,458	152,458	79,535
Total expenditure		152,458	152,458	79,535
Net gains on investments
		(20,236)	(20,236)	5,811
Net (expenditure)/income
Net (expenditure) fincome before		(20,236)	(20,236)	5,811
other gains/(losses)
Other Gains
Net movement in funds		(20,236)	(20,236)	5,811
Reconciliation offunds:
Total funds brought forward		649,523	649,523	643,712
Total funds carried forward		629,287	62' ,287	49,626