## **NANAK DARBAR NORTH LONDON**
## **REGISTERED WITH THE CHARITY COMMISSION NO: 275315**
## **DRAFT ACCOUNTS**
**FOR THE YEAR ENDED 31[ST] MARCH 2024**
## **INDEX**
1. General Information
- 2/3. Report of the Trustees and Committee of Management
4. Balance Sheet
5. Receipts and Expenditure Statement
6. Notes to the Accounts
7. Independent Examiner’s Report on the Accounts
## **NANAK DARBAR NORTH LONDON**
## **REGISTERED WITH THE CHARITY COMMISSION NO: 275315**
## **REPORT AND ACCOUNTS**
## **FOR THE YEAR ENDED 31[st] MARCH 2024**
**Chairman/President** Mr. J S Kang
**Secretary** Mr. M S Bamrah
**Treasurer** Ms. J K Mangat
**Registered Office** 136 High Road New Southgate London N11 1PG
**Bankers** Barclays Bank 2 Aldermans Hill Palmer Green N13 4PH
**Reporting Accountants** JSP Accountants Limited First Floor, 10 College Road Harrow, Middlesex HA1 1BE
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## **NANAK DARBAR NORTH LONDON**
## **REGISTERED WITH THE CHARITY COMMISSION NO: 275315**
## Governed by constitution adopted in 1975 and as last amended in January 2005
## **Report of the Trustees and Committee of Management**
The Trustees and Committee of Management present their report and the Financial Statements for the year ended 31st March 2024
## **1. Objectives and Activity**
The charity was formed and registered in 1975. The latest amendment to the constitution is dated 2 January 2005. The principal objectives are the advancement of the Sikh religion, to impart religious and cultural knowledge and to inculcate the benefits in the local community within the London Borough of Barnet, Brent, Camden, Enfield, Haringey and Islington.
## **2. Trustees and Administration**
Trustees are elected bi-annually and hold office until re-elected. The present trustees are:
## **Mr M S Gold Mr R S Anand Mr R S Natt**
All the properties and assets belonging to the charity are vested in the Trustees who hold all deeds and documents, titles and securities for safe custody and preservation. The disposal or otherwise of assets and the day to day management of the Charity is in the hands of the Committee of Management. The officers and members are elected annually at 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 Trustees and Committee of Management**
The Trustees and Committee of management acknowledge their responsibility for keeping proper accounting records and preparing the accounts there from, and also for the safe keeping of the assets in compliance with the provisions of the Charities Act 1993.
The financial position on the financial activities for the year is as shown in the attached Financial Statements.
The Charity currently owns:
1. 136 High Road, New Southgate – The main Temple and abode for priests 2. 138 High Road, New Southgate – Abode for priests and car park.
3. 134 High Road, New Southgate – Community Hall and Punjabi School
2
134 High Road, New Southgate is mainly used as a Community Hall. The Tudor Trust made a grant 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 Charity finances and runs a Punjabi School for the local community and at present has over 100 students at various stages of learning.
## **5. Reporting Accountants**
JSP Accountants Limited, the reporting accountants to the charity have expressed their willingness to continue to act in this capacity.
## **By Order of the Board of Trustees And Committee of Management**
## **Mr. M S Bamrah Secretary**
**Dated: …………………**
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## **NANAK DARBAR NORTH LONDON**
## **BALANCE SHEET AS AT 31st March 2024**
|**Fixed Assets**
Freehold land and buildings
**Current Assets**
Cash in Hand
Barclays Bank – current
Barclays Bank – deposit
**Represented by:**
Balance Brought Forward
Net Surplus for the Year
Transfer to Freehold Account|1,381
96,457
81,874|**Year 2024**
1,524,125
884
100,891
80,900
179,712
1,703,837
1,687,493
(2,963)
19,307
1,703,837|**Year 2023**
1,504,818
182,675
1,687,493
1,654,465
24,337
8,691
1,687,493|
|---|---|---|---|
|||||
These accounts were approved by the committee of Management on …………………. and signed on its behalf by:
**……………………… Mr J S Kang President**
**………………………….. Mr M S Bamrah Hon. Secretary**
**………………………….**
**Ms. J K Mangat Hon Treasurer**
4
## **NANAK DARBAR NORTH LONDON**
## **RECEIPTS AND EXPENDITURE STATEMENT**
## **FOR THE YEAR ENDED 31st March 2024**
|**GENERAL FUNDS RECEIPTS**
Offerings and Donations
Other Receipts–Weddings
Akhand paths
Membership Subscriptions
Bank Interest
Gift aid
Refunds, Gas, Payphone & other
**DEDUCT PAYMENTS**
Rates
Light and Heat
Insurance
Printing, Postage and Stationery
Telephone
Repairs and Maintenance
Cleaning and laundry
Preachers and Presentations
Kitchen Expenses
Equipment
Bank Charges
**SURPLUS ON GENERAL FUND**
**BUILDING FUND**
Sundry Donations
Building Expenditure
**CULTURAL AND SOCIAL**
Sundry Donations
Less:Expenditure
**PRESIDENT APPEAL FUND**
Collections
Less: Donations
**OVERALL SURPLUS/DEFICIT**|
|**£**
150,104
2,200
7,997
1,118
974
-
6,707
3,349
53,147
4,104
2,197
1,765
6,818
9,289
53,942
-
9,683
-
3,575
(22,882)
2,050
(4,814)
6,043
(11,740)|**Year 2024**
**£**
169,100
(144,294)
24,805
(19,307)
(2,764)
(5,698)
**(2,963)**|**Year 2024**
**£**
169,100
(144,294)
24,805
(19,307)
(2,764)
(5,698)
**(2,963)**|**Year 2024**
**£**
169,100
(144,294)
24,805
(19,307)
(2,764)
(5,698)
**(2,963)**||**£**
112,766
200
9,833
774
2,011
-
4,814
2,423
23,272
3,502
1,076
1,768
7,337
6,177
47,443
3,617
-
-
4,012
(12,703)
1,560
(2,340)
4,865
(4,840)|**Year 2023**
**£**
130,398
(96,615)
33,783
(8,691)
(780)
(25)
**24,337**|**Year 2023**
**£**
130,398
(96,615)
33,783
(8,691)
(780)
(25)
**24,337**|**Year 2023**
**£**
130,398
(96,615)
33,783
(8,691)
(780)
(25)
**24,337**|
|---|---|---|---|---|---|---|---|---|---|---|
||||||||||||
||||||||||||
|||||
||||||33,783
(8,691)
(780)
(25)
**24,337**|
||||||||||||
||||||||||||
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## **NANAK DARBAR NORTH LONDON**
## **NOTES TO THE ACCOUNTS**
## **FOR THE YEAR ENDED 31st March 2024**
1. The accounts are prepared on a historical cost basis. The Income and Expenditure is recorded as incurred and no account is taken of any accrued income or expenses.
2. Payments for light and heat, laundry, telephone and langar are net of receipts and donations for those specific purposes.
3. All books for the library, utensils for the kitchen, general equipments and furniture are charged to expenditure for the year of purchase and not capitalised. Inventory is kept by the committee but needs to be updated.
4. Improvements and works to premises are added to costs of properties.
Costs to date are as follows:
134 High Road, London N11 248,394 136 High Road, London N11 441,770 138 High Road, London N11 833,961 **£1,524,125**
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## **NANAK DARBAR NORTH LONDON**
## **REGISTERED CHARITY NUMBER 275315**
## **INDEPENDENT EXAMINER’S REPORT**
## **TO THE TRUSTEES/ MEMBERS ON 31st March 2024**
The accounts for the year ended 31st March 2024 are set out on pages 4 to 5.
As the charity’s trustees you are responsible for the preparation of the accounts; you consider that the audit requirement of section 43(2) of the Charities Act 1993 (the Act) does not apply. It is our responsibility to state, on the basis of procedures specified in the General Directions given by the Charity Commissioners under section 43(7) (b) of the act, whether particular matters have come to our attention.
Our 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 we do not express an audit opinion on the view given by the accounts.
In connection with our examination, no matter has come to our attention.
- (1) Which gives us reasonable cause to believe that in any material respect the requirements
- To keep accounting records in accordance with section 41 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 our opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
JSP Accountants Limited First Floor, 10 College Road Harrow, Middlesex HA1 1BE
**Dated: …………………………….**
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