REGISTERED CHARITY NUMBER: 279733
Stanley Yule Chartered Accountants Registered Auditors Waterside House Waterside Business Park 1649 Pershore Road London West Midlands B30 3DR
GURU NANAK NISHKAM SEWAK JATHA (LONDON) UK
ANNUAL REPORT OF THE TRUSTEES & FINANCIAL STATEMENTS 2020 - 2021
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| CONTENTS | Pages |
|---|---|
| Report of the Trustees | 3 to 7 |
| Trustees Responsibilities Statement | 8 |
| Report of the Independent Auditors | 9 to 11 |
| Statement of Financial Activities | 12 |
| Balance Sheet | 13 |
| Cash flow Statement | 14 |
| Notes to the Financial Statements | 15 to 24 |
| Detailed Statement of Financial Activities | 25 to 26 |
| … |
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THE TRUSTEES REPORT
The trustees present their annual report and financial statements of the charity for the period 1 April 2020 until 31 March 2021. The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the charity's trust deed, the Charities Act 2011 and Accounting and Reporting 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 (FRS102) (effective1 January 2015).
Pay Policy for senior staff
The trustees comprise of the key management personnel of the charity directing and controlling, running and operating the Charity on a day to day basis. The trustees give their time freely and no trustee received remuneration in the year.
The pay of staff is reviewed annually and normally increased in accordance with average earnings.
REFERENCE AND ADMINISTRATIVEDETAILS
Impact of Covid-19
Registered Charity number
279733
Principal Address
Guru Nanak Nishkam Sewak Jatha London UK, 142 MartindaleRoad, Hounslow, TW4 7HQ
Trustees
Mr. Sarup Singh Mahon Mr. Sukhbir Singh Bimrah Mr. Bhagirath Singh (appointed 27.06.20) Mr. GurmitSingh Lall (appointed 27.06.20) Mr. Kuldip Singh Rooprai (appointed 05.12.20)
Auditors
Stanley Yule Chartered Accountants Registered Auditors Waterside House 1649 Pershore Road London B30 3DR
As a result of the COVID-19 pandemic the Trustees of the Charity took the important decision to meet Government requirements and implement required adjustments and close the Gurudwara during the financialyear between 1[st] April 2020 and 4[th] July 2020.
The Charity’s principles highlight the fundamental important of the health and well being of all attendees and staff. In order to adhere to this, strict protocol has been followed since the reopening of the Gurudwara.
A range of safety measures have been put in place since the reopening to ensure the protection of all attendees and these are inclusive, but not limited to the following: restricted opening times for attendees, a one way system with social distancing markings in place, daily monitoring of capacity, restricted access around the premises, a requirement to wear masks by all attendees, additional hygiene facilities, contactless donations and a reduction in allowable capacity on functions.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a charitabletrust.
The Trustees have decided that service offerings will be re-introduced in consistency with the vaccination programme and movements in COVID19 statistics. As at the financial year end many service offerings such as langar and Akhand Paaths were not available and this continues to be the case post the year end.
Risk management
The Trustees actively review the major risks which the Charity faces on a regular basis and believe that maintaining reserves at current levels, combined with an annual review of the controls over key financial systems, will provide sufficient resources in the event of adverse conditions. The Trustees have also examined other operating and business risks faced by the Charity and confirm that they have established systems to mitigate risks.
Trustees and principal officers
The charity has a Supreme Council of five trustees one of whom is approved as the Chairman.
From a financial perspective, the Charity is anticipated to make a net surplus for the 2022 financial year. The 31st March 2021 balance sheet shows a strong reserve position and cash position. As a result, there are no concerns around the going concern of the Charity. Given the strong reserve position and to reduce the burden on the Government, the Trustees of the Charity made a decision to not utilise any of the available support packages in the year.
Further, the intention of the Trustees is to progress the redevelopment of the Gurudwara although as a result of the COVID-19 pandemic and temporary closure of the Gurudwara, the project timeline has been extended.
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THE TRUSTEES REPORT
OBJECTIVES AND ACTIVITIES
Objectives and aims
The Charity's objectives and regulations are regulated by its Constitution document dated 13 March 1980 and as amended on the 17th February 1984. It is established for the propagation and advancement of the Sikh religion based upon the teachings of the ten Gurus and Sri Guru Granth Sahib Ji and for the relief of poverty.
Going concern
The accounts have been prepared on the basis of being a going concern. The Trustees confirm that they have taken into account all available information about the future for at least 12 months from the date of the accounts were approved and conclude there is no uncertainty relating to going concern
Public benefit
GNNSJ carries out a wide range of activities to achieve the required charitable objectives. The array of activities provide benefit for both those who attend the Gurudwara and generally for the wider community at large. Benefits range from a spiritual uplift through initiation and nurturing of Sikh practitioners; capacity building of individuals, families and communities with values based education.
ACHIEVEMENT AND PERFORMANCE FINANCIAL REVIEW
Reserves policy
The present level of funding is adequate to support the continuation of the current activities.
Financial position
The Statement of Financial Activities shows total income of £212,079, expenses of £277,623 and a net gain on investments of £506,936, generating a net income of £441,392. The Balance Sheet shows total funds of £6,199,074.
Investment policy and objectives
The Charity's principle objective is to uplift humanity through the practice of faith values within the context of shared responsibility, selflessness, love, forgiveness, altruism and compassion. The Trust's investment policy is to defray the income gained from donations and its investment portfolio to support the community. At the balance sheet date the Trust's investment portfolio has a market value of £3,805,000 and generated income of £69,616. The funds raised are expected to achieve the objectives of the Charity.
Development activity
1.Planning consultant appointed 2.discussions with the council are ongoing 3.next stage is consultation
Fundraising
No fundraising events or activities took place in the year.
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GNNSJ London – Faith Based Activity
Guru Nanak Nishkam Sewak Jatha (London) UK - GNNSJ is a faith led 'not for profit' benevolent organisation. It is dedicated to practicing and promoting Nishkam (selfless) service in the name of Guru Nanak Dev Ji (1469 - 1539); the founder of the Sikh Dharam. The word Dharam is reflective of religion/faith but it also encompasses a Sikh's wider sense of obligation and duty in their way of life and their actions towards others and all of God's creation.
GNNSJ's mission is the propagation, practice and advancement of the Sikh Dharam based on teachings of the ten Gurus and Guru Granth Sahib Ji, the eternal Guru and sacred scripture of the Sikhs. With engagement over 29 years in spiritual development and enrichment from London, GNNSJ continues steadfast in its endeavours to propagate faith values.
How our activities deliver public benefit
GNNSJ carries out a wide range of activities in pursuance of its charitable objectives. The array of activities provide benefit both for those who attend the Gurudwara and the wider community at large. Benefits range from spiritual uplift through nurturing of Sikh practitioners; capacity building of individuals, families and communities with values through the regular practice of voluntary service and collectiveworship.
Participation and Engagement
The Sikh Gurudwara (Sikh place of worship) in Hounslow, Greater London is at the heart of the London based Jatha's activities and aims. It promotes spiritual and physical regeneration through the promotion and propagation of the Sikh Dharam (religion). Prayer services: These promote spiritual well-being and ultimately improve the quality of life for devotees and the wider community, they are provided on a non-stop basis throughout the period. This may be through Akhand Paath , Sehaj Paaths Simran (chanting of God's name) and Kirtan (singing of hymns) on a daily basis.
(chanting of God's name), Nitnem (5 morning prayers) and Kirtan (singing of hymns) on a daily basis. As a result of covid, prayer services in the year were limited to Nitnem and Rehras (daily), Sehaj Paaths (16 in the year) and Sukhmani Sahib Paaths (35 in the year). Weddings and funerals :. There were 2 weddings and engagements; 51 birth and naming ceremonies; and 21 Funerals. The Gurudwara also offered the service for dispersal of cremation ashes.
Langar : A vegetarian meal at no cost from the Guru's kitchen is available 24 hours a day to any devotee or visitor irrespective of their caste, colour or creed. This offering has been reduced in the year to 31 March 2021 due to Covid-19.
Teaching of Scriptures , Sacred music (Kirtan) and Panjabi school classes. In the year there were 50 Nitnem classes, 50 Gurbani classes and 50 Punjabi school beginner classes. Classes and attendance were lower than the prior year as a result of covid restrictions.
Gurpurab and Vaisakhi Akhand Paaths Prayers were held throughout the period to celebrate the births of the Sikh Gurus and the birth of the Khalsa fraternity.
Annual Paaths were also held at GNNSJ London to commemorate the anniversaries of GNNSJ's founder Saint, Sant Baba Puran Singh Ji (Baba Ji), as well as Baba Ji's successor, Bhai Sahib Bhai Norang Singh Ji.
Civil society support of SWAT (Sikh Welfare Awareness Society), contribution to making Langar on a weekly basis to support the serving of over 2,000 free meals for the homeless across Greater London. Visits from local MPs and councillors as well as the local Police to build community relations. Donations of food for charitable fund raiser events held by local schools.
Community support through Spiritual and family guidance; local council advisory services; financial advice for the vulnerable; school admissions support; assisting police visits to deal with local issues and community advice as well as supporting wellbeing through Yoga classes. In the current year, GNNSJ also assisted in providing additional food for those in need due to covid.
Faith Practice and propagation
Prayer services : These promote spiritual well-being and ultimately improve the quality of life for devotees and the wider community. This may be through Akhand Paath, Sehaj Paaths, Sukhmani Sahib Paaths, Simran
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Snapshot of activities in prayer, service and community engagement
The Proposed Development Plans
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GNNSJ London – Vision
GNNSJ London was established on the 13th March 1980 and has grown from serving the local Sikh faith to supporting a large and fl ourishing community, which undertakes extensive local charitable work. On a weekly basis the Gurudwara currently serves approximately 3,500 congregation members. In order to accommodate the growing congregation the base grew from a single residential property to a multitude of adjoining structures.
It is proposed to demolish and completely redevelop the Gurudwara with a design keeping in with traditional Sikh architecture. This will provide a stateof-the art, purpose-built facility serving the needs of the local community. It is also proposed to create a large underground carpark as part of the development to alleviate parking pressures on neighbouring streets.
GNNSJ London’s vision is to redevelop the existing facilities which provide for a site capable of further bene fi tting neighboring and wider communities.
These facilities would seek to offer sustainability, have multi-functional usage and be fi t the needs of an ever growing community The proposed development would seek to continue to provide the following services to the local community:
• Prayer • Sel fl ess Service / Volunteering
• Langar
• Wedding ceremonies/Funerals
• Supplementary Education
• Health & Wellbeing
• Childcare, Youth & Family Support
- Elderly Care
• Advise & GuidanceServices
The achievements of NSWL through the on-going and ever-strengthening. partnerships with parents, volunteers and the local community ensured that the school succeeded even when it was housed in a temporary site (September 2013 - July 2018) for longer than anticipated. Dedicated volunteers adapted the internal and external space to ensure that the 350 students had the best possible facilities available to them. Without this immense contribution from the local community and volunteers, and the understanding and patience of parents and staff, it would have been impossible to remain at the temporary site without depleting school resources on basic building works alone.
Before the school moved to the new site in Osterley, in September 2018, a large volunteer effort to clean and landscape the site perimeter took place. The estimated cost of this volunteer effort surpassed £25,000.
NSWL is fast becoming an integral part of the local community, providing high standard educational opportunities for local children and employment opportunities for local residents. It also provides space for several organisations including community groups to use the facilitiesout of hours.
Nishkam SWAT (Sikh Welfare & Awareness
Team) is a charitable organisation based in West London. It was founded in 2008, when it opened its youth club which offered regular workshops on substance abuse awareness, informal talks on the Sikh and other faiths, and group discussions and debates on current issues, allowing children and youth to open up about the problems they face such as gang culture, drug addiction and alcohol abuse. In 2009 the Nishkam SWAT Homeless Project was established amidst the growing concerns for the ever increasing homeless population in and around London. Volunteers would spend their evenings preparing food and serving it across the city.
• Councilors Clinics
The Nishkam School West London is an
Ofsted ‘Outstanding’ school that was completed in July 2018 and is operating under the Government free school programme as a separate entity. Through the redevelopment of the once derelict site in Osterley, and the construction of the brand new state of the art ‘all through’ school building, the area - previously associated with illegal dumping and travellers, has been transformed. More recently the work undertaken by NSWL, in conjunction with another local secondary school and the local rugby club, is due to be submitted for a National Planning Partnership Award, highlighting the great work undertaken by national bodies, local councils and voluntary organisations.
With the ongoing support of GNNSJ London, Nishkam SWAT has grown from strength to strength, and over the year’s their service has grown to include advice, guidance, counseling and various health services, across 14 locations in the UK. The Zero Hunger with Nishkam Langar is an innovative approach to achieving the UN goal of zero hunger. The project is based in Malawi, East Africa, and provides local children free food at school, which in turn provides children with an incentive to attend and gain an education which will support them throughout their lives. The initiative works on a selfsustaining program where local communities are not only provided free meals, they are also provided with land, machinery and training to become self-reliant. Currently Zero Hunger with Nishkam Langar served 100,000 meals a month, and is on target to serve in excess of 1 million meals per year. .
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Guru Nanak Nishkam Sewak Jatha (London) UK
Report of the Trustees for the year ended 31 March 2021
The trustees are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland".
The law applicable to charities in England and Wales, the Charities Act 2011, Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charity for that period. In preparing those financial statements, the trustees are required to:
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charity SORP;
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make judgements and estimates that are reasonable and prudent;
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state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustees are responsible for keeping proper accounting records which 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 Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by order of the board of trustees on 19 January 2022 and signed on its behalf by:
.............................. Sarup Singh Mahon (Trustee)
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Report of the Independent Auditors to the Trustees of Guru Nanak Nishkam Sewak Jatha London UK
Opinion
We have audited the financial statements of Guru Nanak Nishkam Sewak Jatha London UK (the 'charity') for the year ended 31 March 2021 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
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In our opinion the financial statements:
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give a true and fair view of the state of the charity's affairs as at 31 March 2021 and of its incoming resources and application of resources, for the year then ended;
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have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'; and
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have been prepared in accordance with the requirements of the Charities Act 2011.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.
Other information
The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.
Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.
In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.
Matters on which we are required to report by exception
We have nothing to report in respect of the following matters where the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinion:
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the information given in the Report of the Trustees is inconsistent in any material respect with the financial statements; or
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sufficient accounting records have not been kept; or
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the financial statements are not in agreement with the accounting records and returns; or
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we have not received all the information and explanations we require for our audit.
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Report of the Independent Auditors to the Trustees of Guru Nanak Nishkam Sewak Jatha London UK
Responsibilities of trustees
As explained more fully in the Statement of Trustees' Responsibilities, the trustees are responsible for the preparation of the financial statements which give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the trustees are responsible for assessing the charity's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so.
Our responsibilities for the audit of the financial statements
We have been appointed as auditors under Section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
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Enquiry of management with regards to actual and potential litigation and claims.
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Enquiry of management to identify any instances of non-compliance with laws and regulations.
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Performing audit work over the risk of management override of controls, including testing of journal entries and other adjustments for appropriateness, and reviewing accounting estimates for evidence of management bias.
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Reviewing disclosures in the financial statements and testing to supporting documentation to assess compliance with applicable laws and regulations.
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Reviewing leases, finance agreements and other such agreements to determine if any conditions attached, whether conditions are complied with, and to ensure disclosures in the financial statements are accurate.
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Checking all statutory submissions have been submitted on time and are complete. This includes submissions to The Charity Commission.
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Checking existence and continued use of fixed assets and checking calculations of depreciation to ensure valuation of assets are at fair value.
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Reviewing Government support received as a result of the COVID-19 pandemic and checking compliance with conditions attached to such support and eligibility to receive such support.
Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements, or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.
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Report of the Independent Auditors to the Trustees of Guru Nanak Nishkam Sewak Jatha London UK
Use of our report
This report is made solely to the charity's trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charity's trustees those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity's trustees as a body, for our audit work, for this report, or for the opinions we have formed.
Stanley Yule Chartered Accountants Statutory Auditors Waterside House Waterside Business Park 1649 Pershore Road Birmingham West Midlands B30 3DR
Date: .............................................19 January 2022
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GURU NANAK NISHKAM SEWAK JATHA LONDON UK
Statement of Financial Activities for the year ended 31 March 2021
| Notes INCOME AND ENDOWMENTS FROM Donations and legacies 2 Investment income 3 Total EXPENDITURE ON Raising funds 4 Charitable activities 5 Staff Costs Premises Costs Support Costs Donations paid to Institutions Finance Costs Governance Costs Total Net gains on investments NET INCOME RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
Unrestricted fund £ 125,607 69,616 195,223 7,752 88,521 17,505 57,344 101,000 1,271 4,230 277,623 506,936 424,536 5,710,674 6,135,210 |
Restricted funds £ 16,856 - 16,856 - - - - - - - - - 16,856 47,008 63,864 |
2021 Total funds £ 142,463 69,616 212,079 7,752 88,521 17,505 57,344 101,000 1,271 4,230 277,623 506,936 441,392 5,757,682 6,199,074 |
2020 Total funds £ 419,038 73,342 |
|---|---|---|---|---|
| 492,380 7,977 150,623 33,469 51,622 31,000 4,282 4,886 |
||||
| 283,859 - |
||||
| 208,521 5,549,161 |
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| 5,757,682 |
The notes form part of these financial statements
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GURU NANAK NISHKAM SEWAK JATHA LONDON UK
Balance Sheet 31 March 2021
| Notes FIXED ASSETS Tangible assets 11 Investment property 12 CURRENT ASSETS Debtors 13 Cash at bank and in hand CREDITORS Amounts falling due within one year 14 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS 15 Unrestricted funds Restricted funds TOTAL FUNDS |
Unrestricted fund £ 836,535 3,805,000 4,641,535 9,185 1,500,407 1,509,592 (15,917) 1,493,675 6,135,210 6,135,210 |
Restricted funds £ - - - - 63,864 63,864 - 63,864 63,864 63,864 |
2021 Total funds £ 836,535 3,805,000 4,641,535 9,185 1,564,271 1,573,456 (15,917) 1,557,539 6,199,074 6,199,074 6,135,210 63,864 6,199,074 |
2020 Total funds £ 829,971 3,283,098 |
|---|---|---|---|---|
| 4,113,069 137,859 1,531,831 |
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| 1,669,690 (25,077) |
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| 1,644,613 | ||||
| 5,757,682 | ||||
| 5,757,682 | ||||
| 5,710,674 47,008 |
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| 5,757,682 |
The financial statements were approved by the Board of Trustees and authorised for issue on 19 January 2022 and were signed on its behalf by:
............................................. Bhagirath Singh (Trustee)
The notes form part of these financial statements
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GURU NANAK NISHKAM SEWAK JATHA LONDON UK
Cash Flow Statement for the year ended 31 March 2021
| Notes Cash flows from operating activities Cash generated from operations 1 Net cash provided by operating activities Cash flows from investing activities Purchase of tangible fixed assets Purchase of investment property Interest received Net cash used in investing activities Change in cash and cash equivalents in the reporting period Cash and cash equivalents at the beginning of the reporting period Cash and cash equivalents at the end of the reporting period |
2021 £ 65,497 65,497 (20,305) (14,966) 2,214 (33,057) 32,440 1,531,831 1,564,271 |
2020 £ 114,825 114,825 (2,259) (402,638) 6,576 (398,321) (283,496) 1,815,327 1,531,831 |
|---|---|---|
The notes form part of these financial statements
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GURU NANAK NISHKAM SEWAK JATHA LONDON UK
Notes to the Cash Flow Statement for the year ended 31 March 2021
1. RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES
| Net income for the reporting period (as per the Statement of Financial Activities) Adjustments for: Depreciation charges Interest received Gains on investments Decrease/(increase) in debtors (Decrease)/increase in creditors Net cash provided by operations 2. ANALYSIS OF CHANGES IN NET FUNDS At 1.4.20 £ Net cash Cash at bank and in hand 1,531,831 1,531,831 Total 1,531,831 |
2021 £ 441,392 13,740 (2,214) (506,936) 128,675 (9,160) 65,497 Cash flow £ 32,440 32,440 32,440 |
2020 £ 208,521 11,620 (6,576) - (108,834) 10,094 114,825 At 31.3.21 £ 1,564,271 |
2020 £ 208,521 11,620 (6,576) - (108,834) 10,094 |
|---|---|---|---|
| 114,825 | |||
| 1,564,271 | |||
| 1,564,271 |
The notes form part of these financial statements
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GURU NANAK NISHKAM SEWAK JATHA LONDON UK
Notes to the Financial Statements for the year ended 31 March 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, as modified by the revaluation of certain assets.
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.
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.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
Allocation and apportionment of costs
Support costs have been allocated between governance costs and other support costs. Governance costs comprise all costs involving the public accountability of the charity and its compliance with regulation and good practice. These costs include cost related to statutory audit and legal fees.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost Fixtures and fittings - 20% on cost
Investment property
Investments are a form of basic financial instruments are initially recognised at their transaction value and subsequently measured at their fair value at the balance sheet date using the closing quoted market price. The Statement of Financial Activities includes the net gains and losses arising on revaluation and disposals throughout the year.
No depreciation is provided on investment properties, as in the opinion of the trustees these properties are held primarily for their investment potential and so their fair value is of more significance than any measure of consumption and to depreciate them would not give a true and fair view. The revaluation of the investment property accords with the fair value accounting rules and will be reported in the Statement of Financial Activities.
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.
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GURU NANAK NISHKAM SEWAK JATHA LONDON UK
Notes to the Financial Statements - continued for the year ended 31 March 2021
1. ACCOUNTING POLICIES - continued
Fund accounting
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.
Pension costs and other post-retirement benefits
The charity operates a defined contribution pension scheme, managed by Nest, Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
Income and expenditure account
The Statement of Financial Activities discloses the identical information of the Income and Expenditure Account and as such no separate Income and Expenditure Account has been prepared.
Going Concern
The account have been prepared on the basis of being a going concern as outlined in the Trustees'' annual report.
Debtors
Short term debtors ar measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
Creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised costs using the effective interest method.
Impairment of assets
At each reporting date fixed assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount, and an impairment loss is recognised immediately in profit and loss account.
Donated Services
Donated professional services and donated facilities are recognised as income when the charity has control over the item, any conditions associated with the donated item have been met and the receipt of economic benefit can be measured reliably. In accordance with the Charities SORP (FRS102), the general volunteer time of Volunteers is not recognised. Please refer to the trustee's annual report for more information about their contribution.
17
GURU NANAK NISHKAM SEWAK JATHA LONDON UK
Notes to the Financial Statements - continued for the year ended 31 March 2021
2. DONATIONS AND LEGACIES
| 2. DONATIONS AND LEGACIES |
||||
|---|---|---|---|---|
| Donations 3. INVESTMENT INCOME Rents received Deposit account interest 4. RAISING FUNDS Investment management costs Investment management costs - rental sites Impairment losses |
2021 £ 142,463 2021 £ 67,402 2,214 69,616 2021 £ 14,097 (6,345) 7,752 |
2020 £ 419,038 |
||
| 2020 £ 66,766 6,576 |
||||
| 73,342 | ||||
| 2020 £ 7,977 - 7,977 |
||||
| 7,977 |
5. CHARITABLE ACTIVITIES COSTS
| CHARITABLE ACTIVITIES COSTS | |||
|---|---|---|---|
| Donation | |||
| funding of | |||
| activities | Support | ||
| (see note | costs (see | ||
| 6) | note 7) | Totals | |
| £ | £ | £ | |
| Staff Costs | - | 88,521 | 88,521 |
| Premises Costs | - | 17,505 | 17,505 |
| Support Costs | - | 57,344 | 57,344 |
| Donations paid to Institutions | 101,000 | - | 101,000 |
| Finance Costs | - | 1,271 | 1,271 |
| Governance Costs | - | 4,230 | 4,230 |
| 101,000 | 168,871 | 269,871 |
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GURU NANAK NISHKAM SEWAK JATHA LONDON UK
Notes to the Financial Statements - continued for the year ended 31 March 2021
6. DONATIONS PAID
| Donations paid to Institutions The total donations paid to institutions during the year was as follows: Kar Sewa Patna Sahib Project Other Guru Nanak Nishkam Sewak Jatha (Leeds) |
2021 £ 101,000 2021 £ - 1,000 100,000 101,000 |
2020 £ 31,000 |
|---|---|---|
| 2020 £ 31,000 31,000 |
7. SUPPORT COSTS
| SUPPORT COSTS | ||
|---|---|---|
| Management £ Staff Costs 88,521 Premises Costs 17,505 Support Costs 56,749 Finance Costs - Governance Costs - 162,775 |
Governance Finance costs £ £ - - - - - 595 1,271 - - 4,230 1,271 4,825 |
Totals £ 88,521 17,505 57,344 1,271 4,230 |
| 168,871 |
8. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2021 nor for the year ended 31 March 2020.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2021 nor for the year ended 31 March 2020.
19
GURU NANAK NISHKAM SEWAK JATHA LONDON UK
Notes to the Financial Statements - continued for the year ended 31 March 2021
9. STAFF COSTS
| Wages and salaries Social security costs Other pension costs The average monthly number of employees during the year was as follows: Support staff No employees received emoluments in excess of £60,000. The trust considers its key management personnel comprise of the trustees. 10. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted fund £ INCOME AND ENDOWMENTS FROM Donations and legacies 374,459 Investment income 73,342 Total 447,801 EXPENDITURE ON Raising funds 7,977 Charitable activities Staff Costs 150,623 Premises Costs 33,469 Support Costs 51,622 Donations paid to Institutions - Finance Costs 4,282 Governance Costs 4,886 Total 252,859 NET INCOME 194,942 RECONCILIATION OF FUNDS Total funds brought forward 5,515,732 |
2021 £ 68,885 15,747 3,889 88,521 2021 5 Restricted funds £ 44,579 - 44,579 - - - - 31,000 - - 31,000 13,579 33,429 |
2020 £ 141,034 7,125 2,464 150,623 2020 9 Total funds £ 419,038 73,342 |
||||
|---|---|---|---|---|---|---|
| 492,380 7,977 150,623 33,469 51,622 31,000 4,282 4,886 |
||||||
| 283,859 | ||||||
| 208,521 5,549,161 |
20
GURU NANAK NISHKAM SEWAK JATHA LONDON UK
Notes to the Financial Statements - continued for the year ended 31 March 2021
10. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
| TOTAL FUNDS CARRIED FORWARD 11. TANGIBLE FIXED ASSETS COST At 1 April 2020 Additions At 31 March 2021 DEPRECIATION At 1 April 2020 Charge for year At 31 March 2021 NET BOOK VALUE At 31 March 2021 At 31 March 2020 |
Unrestricted fund £ 5,710,674 Improvements Freehold to property property £ £ 750,000 147,865 - - 750,000 147,865 54,445 15,427 7,500 2,958 61,945 18,385 688,055 129,480 695,555 132,438 |
Restricted Total funds funds £ £ 47,008 5,757,682 Fixtures and fittings Totals £ £ 9,317 907,182 20,305 20,305 29,622 927,487 7,339 77,211 3,283 13,741 10,622 90,952 19,000 836,535 1,978 829,971 |
Total funds £ |
|
|---|---|---|---|---|
| 5,757,682 | ||||
Included in cost or valuation of land and buildings is freehold land of £375,000 (2020 - £375,000) which is not depreciated.
12. INVESTMENT PROPERTY
| FAIR VALUE At 1 April 2020 Additions Revaluation At 31 March 2021 NET BOOK VALUE At 31 March 2021 At 31 March 2020 |
£ 3,283,098 14,966 506,936 |
|---|---|
| 3,805,000 | |
| 3,805,000 | |
| 3,283,098 |
21
GURU NANAK NISHKAM SEWAK JATHA LONDON UK
Notes to the Financial Statements - continued for the year ended 31 March 2021
12. INVESTMENT PROPERTY - continued
Fair value at 31 March 2021 is represented by:
| Valuation in 2015 Valuation in 2016 Valuation in 2018 Valuation in 2021 Cost |
£ 554,080 435,000 390,000 506,936 1,918,984 |
|---|---|
| 3,805,000 |
The investment property values were reviewed Surveytec Consultants at the balance sheet date on an open market basis.
13. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| Other debtors | 9,185 | 137,859 |
Included in debtors is a loan of £nil (2020: £100,000) to GNNSJ Leeds, during the current year the loan was converted to a donation.
14. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Taxation and social security Other creditors MOVEMENT IN FUNDS Unrestricted funds General fund Restricted funds Kar Sewa Patna Sahib Project TOTAL FUNDS |
At 1.4.20 £ 5,710,674 47,008 5,757,682 |
2021 £ 1,027 14,890 15,917 Net movement in funds £ 424,536 16,856 441,392 |
2020 £ 4,898 20,179 25,077 At 31.3.21 £ 6,135,210 63,864 |
2020 £ 4,898 20,179 |
|---|---|---|---|---|
| 25,077 | ||||
| 6,199,074 |
15. MOVEMENT IN FUNDS
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GURU NANAK NISHKAM SEWAK JATHA LONDON UK
Notes to the Financial Statements - continued for the year ended 31 March 2021
15. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Restricted funds Kar Sewa Patna Sahib Project TOTAL FUNDS |
Incoming resources £ 195,223 16,856 212,079 |
Resources expended £ (277,623) - (277,623) |
Gains and Movement losses in funds £ £ 506,936 424,536 - 16,856 506,936 441,392 |
|---|---|---|---|
Comparatives for movement in funds
| At 1.4.19 £ Unrestricted funds General fund 5,515,732 Restricted funds Kar Sewa Patna Sahib Project 33,429 TOTAL FUNDS 5,549,161 Comparative net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 447,801 Restricted funds Kar Sewa Patna Sahib Project 44,579 TOTAL FUNDS 492,380 |
Net movement in funds £ 194,942 13,579 208,521 Resources expended £ (252,859) (31,000) (283,859) |
At 31.3.20 £ 5,710,674 47,008 5,757,682 Movement in funds £ 194,942 13,579 208,521 |
|---|---|---|
23
GURU NANAK NISHKAM SEWAK JATHA LONDON UK
Notes to the Financial Statements - continued for the year ended 31 March 2021
15. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund Restricted funds Kar Sewa Patna Sahib Project TOTAL FUNDS |
At 1.4.19 £ 5,515,732 33,429 5,549,161 |
Net movement in funds £ 619,478 30,435 649,913 |
At 31.3.21 £ 6,135,210 63,864 |
|---|---|---|---|
| 6,199,074 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Restricted funds Kar Sewa Patna Sahib Project TOTAL FUNDS |
Incoming resources £ 643,024 61,435 704,459 |
Resources expended £ (530,482) (31,000) (561,482) |
Gains and Movement losses in funds £ £ 506,936 619,478 - 30,435 506,936 649,913 |
Gains and Movement losses in funds £ £ 506,936 619,478 - 30,435 506,936 649,913 |
|---|---|---|---|---|
| 649,913 |
16. RELATED PARTY DISCLOSURES
During the year a donation of £100,000 (2020: £31,000) was paid to a related charity. At the year end £nil (2020: £125,056) was due from related parties.
24
GURU NANAK NISHKAM SEWAK JATHA LONDON UK
Detailed Statement of Financial Activities for the year ended 31 March 2021
| INCOME AND ENDOWMENTS Donations and legacies Donations Investment income Rents received Deposit account interest Total incoming resources EXPENDITURE Investment management costs Investment management costs - rental sites Impairment losses for intangible fixed assets Charitable activities Donations paid to institutions Support costs Management Wages Social security Pensions Rates and water Insurance Light and heat Telephone Postage and stationery Sundries Hygiene & Cleaning Kitchen expenses Laundry Premises repairs & renewals Flowers Subscription Katha/Kirtan Punjabi School Freehold property Carried forward |
2021 £ 142,463 67,402 2,214 69,616 212,079 14,097 (6,345) 7,752 101,000 68,885 15,747 3,889 1,514 6,157 18,950 1,069 6,317 1,366 16,349 1,214 250 3,554 2,714 1,060 - - 7,500 156,535 |
2020 £ 419,038 66,766 6,576 |
|---|---|---|
| 73,342 | ||
| 492,380 7,977 - |
||
| 7,977 31,000 141,034 7,125 2,464 1,717 5,999 23,261 1,194 28 50 8,789 6,555 3,526 2,492 1,928 413 15,208 1,362 7,500 230,645 |
This page does not form part of the statutory financial statements
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GURU NANAK NISHKAM SEWAK JATHA LONDON UK
Detailed Statement of Financial Activities for the year ended 31 March 2021
| Management Brought forward Improvements to property Fixtures and fittings Finance Bank charges Governance costs Auditors' remuneration Professional services Total resources expended Net (expenditure)/income before gains and losses Realised recognised gains and losses Realised gains/(losses) on investment property Net income |
2021 £ 156,535 2,957 3,283 162,775 1,271 4,230 595 4,825 277,623 (65,544) 506,936 441,392 |
2020 £ 230,645 2,957 1,163 |
|---|---|---|
| 234,765 4,282 4,886 949 |
||
| 5,835 | ||
| 283,859 | ||
| 208,521 - |
||
| 208,521 |
This page does not form part of the statutory financial statements
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GNNSJ Vision: “to uplift humanity through practice of faith values within the context of shared responsibility, selflessness, love, forgiveness, altruism and compassion”
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GURU NANAK NISHKAM SEWAK JATHA (LONDON) UK 28