Singh Sabha Gurdwara Indian Welfare and Cultural Association
Trustees' Report and Unaudited Accounts
31 March 2024
Singh Sabha Gurdwara Indian Welfare and Cultural Association Contents
| Pages | |
|---|---|
| Trustees'AnnualReport | 2 to 4 |
| IndependentExaminer'sReport | 5 |
| Statement of FinancialActivities | 6 |
| BalanceSheet | 7 |
| Notesto the Accounts | 8 to 12 |
| DetailedStatement of FinancialActivities | 13 to 14 |
Page 1
Singh Sabha Gurdwara Indian Welfare and Cultural Association Trustees Annual Report
The trustees present their report with the unaudited financial statements of the charity for the year ended 31 March 2024.
REFERENCE AND ADMINISTRATIVE DETAILS
Charity No. 270641
Trustees
The following trustees served during the year:
B.S. Atwal (Resigned 25 May 2024) A.S. Chahal (Resigned 25 May 2024) H.S. Chahal G.S. Dhaliwal (Resigned 25 May 2024) D.S. Mann M.S. Sandhu (Resigned 25 May 2024) J. Singh R.S. Sohal T.S. Sohal B.S. Thind (Resigned 25 May 2024)
Key Management Personnel
| Key ManagementPersonnel | |
|---|---|
| Chair | GurpalSingh |
| VicePresident | SodhiSingh |
| GeneralSecretary | MohinderSinghSohal |
| AssistantSecretary | BharwinderKaurChahal |
| Cashier | ParamjitSinghBirring |
| JointCashiers | PalwinderSinghSohal |
Accountants
Roger Smallman & Co Ltd
Suite 20
The Director General's House
15 Rockstone Place
Southampton
SO15 2EP
TRUSTEE STATEMENT
All current trustees were appointed on 25th May 2024 during the General Body Meeting of Singh Sabha Gurdwara. The trustees are currently in the process of establishing a new governance framework to strengthen oversight, ensure transparency, and improve financial and operational processes moving forward.
OBJECTIVES AND ACTIVITIES
The purpose of the charity as set out in its governing document, a deed of trust, and constitutes an unincorporated charity. The constitution was dated 21 February 1993 and amended April 2001.
Page 2
Singh Sabha Gurdwara Indian Welfare and Cultural Association Trustees Annual Report
To promote the benefit of the Sikh Community in Southampton and surrounding areas by:
1 The promotion and advancement of education.
2 The advancement of the Punjabi faith for the benefit of the public, in accordance with the tenets and
doctrines of the Punjabi belief.
3 The relief of poverty, sickness and distress,
4 The promotion and observance of Sikh religion and to provide a place of workshop.
5 Benefitting the residents of Southampton, without prejudice, to provide facilities in the interests of social welfare to improve conditions of life.
ACHIEVEMENTS AND PERFORMANCE
The Trustees consider that the performance of the Charity has been satisfactory and has been successful in fulfilling its aims and objectives. The Charity has organised events, activities and programmes to fulfil its objectives and has ensured that it has used all mediums at its disposal to promote the services provided by the Charity.
The Charity has organised a number of activities including:
1 Providing information services for its members and directing them to the appropriate authorities.
2 Informing members of training and education opportunities in the city to improve their knowledge and skills.
3 Having a Religious School in order to teach children.
FINANCIAL REVIEW
The association receives subscriptions as well as raising funds at different events. In the future, the
association will carry on fundraising and will also apply for grants in order to fund further activites.
The Charity occupies the St Lukes Development which is owned wholly by the Charity. All the Charity's activities are conducted from this premises.
PLANS FOR FUTURE PERIODS
Looking ahead, the trustees are committed to expanding the Gurdwara’s community services. Plans include providing English classes to members of the congregation to support integration into wider society. Additionally, the trustees aim to offer assistance to elderly members who would otherwise find it difficult or impossible to attend services, ensuring they remain connected to the community and its activities.
STRUCTURE, GOVERNANCE AND MANAGEMENT
The Charity is governed by its constitution and is constituted as a charitable trust. The trustees of the Singh Sabha Gurdwara are the members of the executive committee. They are for the purposes of the constitution, officers of the company.
The trustees are responsible for the overall management and control of the Charity and meet regularly to manage its affairs.
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. The managing trustees have assessed the major risks to which the Charity is exposed, in particular a lack of funds that could prevent the Charity from achieving its aims and objectives. Since introducing more fundraising events, the Charity has taken appropriate steps in order to ensure that sufficient funds are in place and thereby ensuring the Charity is able to continue its present activities.
Page 3
Singh Sabha Gurdwara Indian Welfare and Cultural Association
Trustees Annual Report
Statement of trustees' responsibilities in relation to the financial statements
The charity trustees are responsible for preparing a trustees' annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at
any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the provisions of the Trust deed. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.
Signed on behalf of the charity's trustees
T.S. Sohal Trustee 29 January 2025
Page 4
Singh Sabha Gurdwara Indian Welfare and Cultural Association
Independent Examiners Report
Independent Examiner's Report to the trustees of Singh Sabha Gurdwara Indian Welfare and Cultural Association
I report to the trustees on my examination of the financial statements of Singh Sabha Gurdwara Indian Welfare and Cultural Association for the year ended 31 March 2024.
Responsibilities and basis of report
As the charity's trustees you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the charity's financial statements carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the 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 can 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:
-
the accounting records were not kept in respect of the charity as required by section 130 of the Act; or
-
the financial statements do not accord with those records; or
-
the financial statements do not comply with the applicable requirements concerning the form and content of financial statements set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the financial statements 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 financial statements to be reached.
Carole Gunning ICAEW
Roger Smallman & Co Ltd
Suite 20
The Director General's House
15 Rockstone Place
Southampton
SO15 2EP
29 January 2025
Page 5
Singh Sabha Gurdwara Indian Welfare and Cultural Association
Statement of Financial Activities
for the year ended 31 March 2024
| for the year ended 31 March 2024 Statement ofFinancialActivities |
||||
|---|---|---|---|---|
| Notes Income and endowments from: Donationsandlegacies 3 Investments 4 Total Expenditure on: Other 5 Total Netgainsoninvestments Net expenditure 6 Transfersbetweenfunds Net expenditure before other gains/(losses) Othergainsandlosses Net movementinfunds Reconciliation of funds: Totalfundsbroughtforward Totalfundscarriedforward |
Unrestricted funds |
Totalfunds | Totalfunds | |
| 2024 | 2024 | 2023 | ||
| £ | £ | £ | ||
| 163,823 | 163,823 | 132,021 | ||
| 623 | 623 | 201 | ||
| 164,446 | 164,446 | 132,222 | ||
| 255,181 | 255,181 | 152,458 | ||
| 255,181 | 255,181 | 152,458 | ||
| - | - | - | ||
| (90,735) | (90,735) | (20,236) | ||
| - | - | - | ||
| (90,735) | (90,735) | (20,236) | ||
| (90,735) | (90,735) | (20,236) | ||
| 629,287 | 629,287 | 649,523 | ||
| 538,552 | 538,552 | 629,287 | ||
Page 6
Singh Sabha Gurdwara Indian Welfare and Cultural Association Balance Sheet
at 31 March 2024
| at 31 March 2024 SinghSabha GurdwaraIndian Welfare andCulturalAssociation BalanceSheet |
||
|---|---|---|
| Charity No.270641 Fixed assets Tangibleassets 8 Current assets Cashat bankandin hand Creditors: Amountfallingdue within one year 9 Netcurrent assets Totalassets lesscurrentliabilities Net assetsexcludingpension asset orliability Totalnet assets Thefundsofthecharity Restrictedfunds 10 Unrestrictedfunds 10 Generalfunds Reserves 10 Totalfunds |
2024 £ 499,713 499,713 39,919 39,919 (1,080) 38,839 538,552 538,552 538,552 538,552 538,552 538,552 |
2023 £ 478,123 |
| 478,123 156,383 |
||
| 156,383 (5,219) |
||
| 151,164 629,287 |
||
| 629,287 | ||
| 629,287 | ||
| 629,287 | ||
| 629,287 | ||
| 629,287 |
Approved by the trustees on 29 January 2025
And signed on their behalf by:
T.S. Sohal
Trustee
29 January 2025
Page 7
Singh Sabha Gurdwara Indian Welfare and Cultural Association Notes to the Accounts
-
for the year ended 31 March 2024
-
1 Accounting policies
Basis of preparation
The financial statements have been prepared in accordance with Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic if Ireland (FRS 102) issued on 16 July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.
Change in basis of accounting or to previous accounts
There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years.
Fund accounting
- Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the general objects of the charity.
Designated funds These are unrestricted funds earmarked by the trustees for particular purposes. Revaluation funds These are unrestricted funds which include a revaluation reserve representing the restatement of investment assets at their market values. Restricted funds These are available for use subject to restrictions imposed by the donor or through terms of an appeal.
Income
- Recognition of Income is included in the Statement of Financial Activities (SoFA) when the charity income becomes entitled to, and virtually certain to receive, the income and the amount of the income can be measured with sufficient reliability.
Income with related Where income has related expenditure the income and related expenditure is expenditure reported gross in the SoFA. Donations and Voluntary income received by way of grants, donations and gifts is included in the legacies the SoFA when receivable and only when the Charity has unconditional entitlement to the income. Tax reclaims on Income from tax reclaims is included in the SoFA at the same time as the donations and gifts gift/donation to which it relates. Donated services These are only included in income (with an equivalent amount in expenditure) and facilities where the benefit to the Charity is reasonably quantifiable, measurable and material. Volunteer help The value of any volunteer help received is not included in the accounts. Investment income This is included in the accounts when receivable. Gains/(losses) on This includes any gain or loss resulting from revaluing investments to market value revaluation of fixed at the end of the year.
assets
Gains/(losses) on This includes any gain or loss on the sale of investments. investment assets
Page 8
Singh Sabha Gurdwara Indian Welfare and Cultural Association Notes to the Accounts
Expenditure
Recognition of Expenditure is recognised on an accruals basis. Expenditure includes any VAT which expenditure cannot be fully recovered, and is reported as part of the expenditure to which it relates.
Expenditure on These comprise the costs associated with attracting voluntary income, fundraising raising funds trading costs and investment management costs.
Expenditure on These comprise the costs incurred by the Charity in the delivery of its activities and charitable activities services in the furtherance of its objects, including the making of grants and 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 of the year but not yet paid.
Governance costs These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs.
- Other expenditure These are support costs not allocated to a particular activity.
Taxation
The charity is exempt from tax on its charitable activities.
Tangible fixed assets and depreciation
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:
| useful life: | |
|---|---|
| Freehold property | %Nil |
| Kitchen renovation | 25%Reducingbalance |
| Motor Vehicles | 25%Reducingbalance |
| FixturesFitting&Equipment | 25%Reducingbalance |
Due to the very high annual maintenance of the property known as St Lukes Development, no deprecation has been provided
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management.
Trade and other creditors
Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
Receipt of donated goods, facilities and services
All donated goods, facilities and services received are recognised within incoming resources and expenditure at an estimate of the value to the charity.
Page 9
Singh Sabha Gurdwara Indian Welfare and Cultural Association Notes to the Accounts
2 Statement of Financial Activities - prior year
| 2 Statement ofFinancialActivities-prior year |
|||
|---|---|---|---|
| Income and endowmentsfrom: Donationsandlegacies Investments Total Expenditure on: Other Total Netincome Netincome before other gains/(losses) Othergainsandlosses: Net movementinfunds Reconciliation of funds: Totalfundsbroughtforward Totalfundscarriedforward 3 Incomefrom donationsandlegacies ReceiptedIncome GolakMoney Gift Aid 4 Incomefrominvestments Bankinterest |
Unrestricted £ 105,793 43,977 14,053 163,823 Unrestricted £ 623 623 |
Unrestricted funds 2023 £ 132,021 201 132,222 152,458 152,458 (20,236) (20,236) (20,236) 649,523 629,287 Total 2024 £ 105,793 43,977 14,053 163,823 Total 2024 £ 623 623 |
Totalfunds 2023 £ 132,021 201 |
| 132,222 152,458 |
|||
| 152,458 | |||
| (20,236) | |||
| (20,236) | |||
| (20,236) 649,523 |
|||
| 629,287 | |||
| Total 2023 £ 85,024 40,064 6,933 |
|||
| 132,021 | |||
| Total 2023 £ 201 |
|||
| 201 |
Page 10
Singh Sabha Gurdwara Indian Welfare and Cultural Association Notes to the Accounts
5 Other expenditure
| 5 Other expenditure |
||||
|---|---|---|---|---|
| FoodandProvisions Donations Priestcosts Motorand travelcosts Premises costs Amortisation,depreciation, impairment,profit/losson disposalof fixedassets Generaladministrativecosts Legaland professionalcosts 6 Net expenditure before transfers Thisis statedaftercharging: Depreciation ofownedfixedassets 7 Priestcosts PriestsandPreachers No employee received emolumentsin excess 8 Tangiblefixed assets Land and buildings £ Cost or revaluation At 1 April2023 453,119 Additions - Disposals - At 31 March 2024 453,119 Depreciation and impairment At 1 April2023 - Depreciationchargefor the year - Disposals - At 31 March 2024 - Net bookvalues At 31 March 2024 453,119 At 31 March 2023 453,119 |
of£60,000. | Unrestricted £ 7,991 - 50,646 1,301 145,489 36,998 8,379 4,377 255,181 2024 £ 15,532 2024 47,064 47,064 |
Total 2024 £ 7,991 - 50,646 1,301 145,489 36,998 8,379 4,377 255,181 Fixtures Fitting& Equipment £ 76,859 1,262 - 78,121 73,986 1,034 - 75,020 3,101 2,873 |
Total 2023 £ 6,782 7,300 45,267 1,204 73,033 7,911 8,606 2,355 |
| 152,458 | ||||
| 2023 £ 7,911 2023 43,542 |
||||
| 43,542 | ||||
| Total £ 717,329 58,588 (168,911) |
||||
| Kitchen renovation |
Motor Vehicles |
|||
| £ 168,911 57,326 (168,911) 57,326 147,445 14,332 (147,445) 14,332 42,994 21,466 |
£ 18,440 - - 18,440 17,775 166 - 17,941 499 665 |
|||
| 607,006 | ||||
| 239,206 15,532 (147,445) |
||||
| 107,293 | ||||
| 499,713 | ||||
| 478,123 |
Page 11
Singh Sabha Gurdwara Indian Welfare and Cultural Association Notes to the Accounts
- 9 Creditors:
amounts falling due within one year
| 9 Creditors: amountsfallingdue within one year Notesto the Accounts |
||||
|---|---|---|---|---|
| Othercreditors Accruals 10 Movementinfunds Restrictedfunds: Unrestrictedfunds: Generalfunds Totalfunds 11 Analysisofnet assetsbetweenfunds Fixedassets Netcurrentassets 12 Reconciliation ofnet debt Cashandcash equivalents Net debt |
2024 £ - |
2023 £ 4,139 |
||
| 1,080 | 1,080 | |||
| At 1 April 2023 629,287 629,287 |
1,080 Incoming resources (including other gains/losses ) £ 164,446 164,446 At 1 April 2023 £ |
Resources expended £ (255,181) (255,181) Unrestricted funds £ 499,713 38,839 538,552 Cashflows £ |
5,219 | |
| At 31 March 2024 £ 538,552 |
||||
| 538,552 | ||||
| Total £ 499,713 38,839 |
||||
| 538,552 | ||||
| At 31 March 2024 £ |
||||
| 156,383 | (116,464) | 39,919 | ||
| 156,383 156,383 |
(116,464) (116,464) |
39,919 | ||
| 39,919 | ||||
Page 12
Singh Sabha Gurdwara Indian Welfare and Cultural Association
Detailed Statement of Financial Activities
for the year ended 31 March 2024
| for the year ended 31 March 2024 SinghSabha GurdwaraIndian Welfare andCulturalAssociation DetailedStatement ofFinancialActivities |
|||
|---|---|---|---|
| Income and endowmentsfrom: Donationsandlegacies ReceiptedIncome GolakMoney Gift Aid Investments Bankinterest Total income and endowments Expenditure on: Other expenditure FoodandProvisions Donations Priestcosts PriestsandPreachers AkhandPathcosts Motorand travelcosts Vehicles-Generalcosts Travelandsubsistence Premises costs Rates Light,heatand power Premises cleaning Premisesrepairsand maintenance Generaladministrativecosts, includingdepreciationand amortisation Depreciation ofKitchen renovation Depreciation ofMotor Vehicles Depreciation of FixturesFitting& Equipment Losson disposaloftangiblefixed assets |
Unrestricted funds 2024 £ 105,793 43,977 14,053 163,823 623 623 164,446 7,991 - 7,991 47,064 3,582 50,646 1,301 - 1,301 2,711 46,320 931 95,527 145,489 14,332 166 1,034 21,466 |
Totalfunds 2024 £ 105,793 43,977 14,053 163,823 623 623 164,446 7,991 - 7,991 47,064 3,582 50,646 1,301 - 1,301 2,711 46,320 931 95,527 145,489 14,332 166 1,034 21,466 |
Totalfunds 2023 £ 85,024 40,064 6,933 |
| 132,021 | |||
| 201 | |||
| 201 | |||
| 132,222 6,782 7,300 |
|||
| 14,082 | |||
| 43,542 1,725 |
|||
| 45,267 | |||
| 1,171 33 |
|||
| 1,204 | |||
| 1,888 22,210 703 48,232 |
|||
| 73,033 | |||
| 7,155 221 535 - |
Page 13
Singh Sabha Gurdwara Indian Welfare and Cultural Association Detailed Statement of Financial Activities
| SinghSabha GurdwaraIndian Welfare andCulturalAssociation DetailedStatement ofFinancialActivities |
|||
|---|---|---|---|
| Bankcharges General insurances Software,ITsupportand related costs Stationeryand printing Sundry expenses Telephone,fax and broadband Legaland professionalcosts Accountancyand bookkeeping Otherlegaland professional costs Totalofexpenditure ofothercosts Totalexpenditure Netgainsoninvestments Net expenditure Net expenditure before other gains/(losses) Other Gains Net movementinfunds Reconciliation of funds: Totalfundsbroughtforward Totalfundscarriedforward |
1,002 4,806 570 911 - 1,090 45,377 1,080 3,297 4,377 255,181 255,181 - (90,735) (90,735) - (90,735) 629,287 538,552 |
1,002 4,806 570 911 - 1,090 45,377 1,080 3,297 4,377 255,181 255,181 - (90,735) (90,735) - (90,735) 629,287 538,552 |
967 4,700 100 1,057 788 994 |
| 16,517 | |||
| 1,710 645 |
|||
| 2,355 | |||
| 152,458 | |||
| 152,458 - |
|||
| (20,236) | |||
| (20,236) - |
|||
| (20,236) | |||
| 649,523 | |||
| 629,287 |
Page 14