NANAK DARBAR NORTH LONDON REGISTERED WITH THE CHARITY COMMISSION NO: 275315 ACCOUNTS FOR THE YEAR ENDED 31 ' MARCH 2021 INDEX General Irfft)rmalion 213. Report ol the TrUst￿S and Committee of Management Balan￿ Sheet Receipts and Ex￿ndItUre Statement Notes to the Accounts Independent Examinerfs Report on Ihe Accounts NANAK DARBAR NORTH LONDON REGISTERED WITH THE CHARITY COMMISSION NO: 275315 REPORT AND ACCOUNTS FOR THE YEAR ENDED 31" MARCH 2021 ChairmanlPresldent Mr. M S Natt Secretsry Mr. J S Kang Treasurer Mr. H S Ahllwalia Registered Office 126 High Road New Southgate London N11 1PG Bankers Barclays Bank 2 Alderman5 Hill Palmer Green N134PH Reporting Accountants JSP Accounlanls Lifnited Registered Auditors & Accountants First Floor, 10 College Road Harrow, Middlesex HA1 1BE NANAK DARBAR NORTH LONDON REGISTERED WITH THE CHARITY COMMISSION NO: 275315 Governed b constitution ado led in 1975 and as tast amellded in Januar 2005 Re ort of the Trustees and Committee of Mana ement The Trustees and ComrnTttee of Management p￿sertt their report and the Financial Statements for the year etKled 31. March 2021 Objèctives and Activity The charrfy was fomied and registered in 1975. The latest amendment to the constitution is dated 2 January 2005. The principal objectives are the advan¢emenl of the Sikh religion, to impart ieligious and cultural knOw￿dge and lo inculcate the benefits in the local community within the London Borough of 8arnet, Brent. Camden, Enfield. Haringey arbd Islinglon. 2. Trustees and Admlnistration Trustees are elected bFannu811y and hold office until re-elected. The present trustees are.. Mr H S Gupta Mr R S Ananad MrRSNatt All the propertie5 and assets belonging to the charity are vested in the Trustees who hold all deeds and documents, litles and securities for safe ctjstody and preservalion. The disposal or otheryvise of assets and the day lo day management of the Charity Is in the hands ol the Commtttee of Management The officers and members are elected annually al the Annual General Meeting. All work done by the Trustees and members of the Committee of Management is voluntary and no remuneration or other payment whatsoever is made to them. 3. Responsibility of T￿￿teeS and Committee of Management The Trustees and Committee of management acknowledge their responsibility for keeping propèr accounting records and preparing the accounts there frc¥n, and also for the safe keeping of the assets in compliance wilh the provisions of the Charities Act 1993. The financial position on the financial aCt￿litIeS for the year is as shown in the attached Financial Statements. The Chartty curren'.ty owns: 136 High Road. New South9ale- The main Temple and abode for priests 2. 138 High Road, New Southgale- Abode for priests and car p8rk. 3. 134 High Road, New Southgale- Communtty Hall and Punjabi School 134 High Road, New Soulhgale is mainly used a5 a Community Hall. The Tudor Trust made a granl in 1997 of £40:000 towards the refurbishment costs. Other costs have been financed by donations and interest free loans from members of the temple. The loans have since been repaid and the amount transferred to capital reserve. 4. The Ch8rity fInan￿S and runs a Punjabi School for the k)cal Gommunity and al present has over 100 students al Ver￿US stages of leaming. 5. Reporting Accountants JSP Accountants Limited, the reporttng accountants to the charity have expressed their willingnes5 to continue to in this capacty. By Order of the Board of Trustees And Committeg of Management Mr.JSKan Secretary Dated: ..3.!_v3..- LVJ-L NANAK DARBAR NORTH LONDON BALANCE SHEET AS AT 34- MARCH 2021 Year 2021 Year 2020 Fixed Assets Freehold land and buildings 1.494.008 1,486,127 Current Assets Cash in Hand Barclays Bank- current Barclays Bank- deposit 823 71,362 46.677 127 393 158864 Represented by- Balance Brought Fotward Nel Surplus for the Year Transfer to Freehold AGcount 1,644,991 131.471 y 1,599,440 3,962 3103. 20k- These ac￿untS were approved by the commttt* of Management on .......... on ils behaM by.. and signed MrMSNatt President MrJS Kang Hon. Secretary Mr. H S Ahluwalia Hon Treasurer NANAK DARBAR NORTH LONDON RECEIPTS AND EXPENDITURE STATEMENT FOR THE YEAR ENDED 31" MARCH 2021 GENERAL FUNDS RECEiwrs Year 2021 Year 2020 Offerings and Donalh)ns Other Receipls-weddings Akhand paths Membership Subscriptions Bank Interèst Gift 8id Refunds. Gas, Payphone & other 39.543 1.750 3.921 112,121 1.075 7.886 361 28 88 994 37 45,301 122,553 DEDUCT PAYMENTS Rates Light and Heat InsuranGe Printing, Postage and StatiDnery Telephone RepaiTS and Maintenance Cloaning and laundry Pieachets and Presentations Kitchen Expenses EqLJipment Bank Charges 1,715 26,450 4,898 1,951 2,970 1,824 6,837 34.578 4,837 69 17,555 3,278 301 2.773 242 2.966 40.320 67 921 (22,620) SURPLUS ON GENERAL FUND 36,424 BUILDING FUND Sundry Donations Building Expenclilure 1,251 3,651 {7,8811 141,589} CULTURAL AND SOCIAL Sundiy Donation5 Less." Expendilure 4.015 13,7121 PRESIDENT APPEAL FUND ColleGlions Less. Donations 770 14,754 970 OVERALL SURPLUSIDEFICIT 471 NANAK DARBAR NORTH LONDON NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2021 The accounts are prepared on a hislori(xl cost basis. The Income 2nd Expenditure is . recorded as InGur(ed and no accounl is taken of any a¢cnJed income or expenses. Payments for light and heat. laundry. telephone and langai are net of rÈeeipls and donations for those specffic purposes. AII LK)oks foi the library. utensils for the kitchen, general equipmcnts and furniture sre charged to expenditure for the year of purchase and not capilalised. Inventory is kept by the committee bul needs to be updated. Improvements and works to premises are added to costs of properties. Costs to dale are as folk)ws= 134 High Road, London N11 136 High Road. London N11 138 High Road, London N11 248,394 439,651 £1494 008 NANAK DARBAR NORTH LONDON REGISTERED CHARITY NUMBER 275315 INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEESI MEMBERS ON 31" MARCH 2021 The accounts for the year ended 31 March 2021 are sel out on pages 4 to 5. As the charity's trustees you are respDnsible for the preparation of the accounts., you consider that the audit requirerTFenl of section 43{21 of the Charities Act 1993 (the Adl does not apply. 11 is our responsibility lo stale, on the basis of prO￿dureS specrfied in the General Directions given by the Charity Commissioners under section 43(n Ib) of the acL whether particular matters have G¢xne lo our attention. Our examination was carried Olrt in a￿rdance with the General Dir￿lI0￿S gw&n by the Charity Commissioners An examination indudes a review of the accounting records kept by the Charity and a comparison of thè accounts presented with those records. It also includes consideration of any unusual items or disclosures in Ihe accounls and seeking explanations from you as trustees conceming any such matters. The pr￿edureS undertaken do not p￿VIde all the eviden￿ that would be reouired In an audtt, and consequently we do not express an audit opinion on the view given by the aGGounts. In CDnneGtion with our examination. ￿..￿atter has come to our attention. (1} Wh￿h gives us reasonable cause to believe that in any material respect the requirements To keep accounting records in accordan￿ wilh section 41 of the Act.. and To prepaFe accounts which accord with the ac£x)unting records and to comply with the accountin9 requiiemenls of the Act Have not been metr. or 12) To which, in our opinion, attention should be drawn in order to enable a proper nderstanding of Ihe accounts to ￿ reached. JSP Accountants Limited Registered Auditors & Accountants First Floor. l O Collegè Road Harrow. Middlesex HA1 1BE Dated: