REGISTEREO CHARITY NUIABER: 289934 REpoKf OF THE TRUSTEES AND UNAUDITEO FIIANCIAL STATEMENTS FOR TrIE YEAR ENDED 13 APRIL 2024 FOR GURDWARA NANAKSAR Und•Nffjod Barron LLP Monks Brook House 13- 17 Hurstey Road Chandlers Ford Eastteigh Hampshiro SO53 2FW
JROWARA NANAKSAR CONTENTS OF THE FINANCiAL STATEMEiirs FOR THE YEAR ENDED 13 APRIL 2024 Pagè R•port of the fN•t••* 1 to 2 Ind•pond•nt Ex•mln•t8 R•port Ststsment of Fln•nclal ActlYltlg8 Balanc• Sh••t Nots• to th• Flnanclal Stat•rn•nts 6 to 10 Detalled Stat¢m•nt (Trf Finaneial Actlvllle• 11 10 12
ouRARA NANAKSAR REPORT OF THE TRUSTEES FOR THE YEAR ENDED 13 APRIL 2024 The trustees present thgir r8POrt with the financial statemènts of 1h8 charty for the year ended 13 Aprtl 2024. The tnjstees have adopted thg prowsions of Accountiro and Reporb'ng by Ghorib"&s: Statement of Recommended Prarti¢è 4pplicabl• to charities prep8rin9 thèir accounts in accordance Ihe Finantyal Reportlng StaThJard appIlble in th UK And Rapublic of Ireland IFRS 1021 leffectiv¢ 1 January 20191. 0EcTIvEs AND ACTIVITIES ObjKtives and aims This Gurdwara is estsblished primarily forthè obsèrvanee and practice of Sikh religion and 0th8r matters connected wilh religious purpose, advancÈmÈnt and furtharaneè of Sikh religious cerernoni08 includirtg ligIouS educati¢Jn. ACHIEVEMENT AND PERFORIAANCE Revlèw ot the We have great pleasure in repcrt thg Gurdwara's continued progress twds r¥lfjgiou$ and cJJllural deNplopment. This yo81 has 8 SUC$51 year mad& possiblo by m&nbers' support 8nd by thè hard of th8 managernent cornmitteo Idgmo¢r"eally elected by the membgrsl, wJlunlgws priasts. FINANCIAL REVIEW Prln¢ipal funding sour Thè pn'nupai funding sources for thg tharity 1$ donation from lis m8rnb8rs. Tho d)8rity also èams signilcant incorno from its invgslments in properties that are let out. Fkn•n¢• The Gurthvara has leIVed the ¢onbnued support of all its member8 Ih¢ir gon9rou$ donalons. Thg in&lment PToperts"es contiwo to generate inve¥trnent income. Goln9 ¢on¢•rn The trustees hav& prepared the aount$ undèr tho golng conc8m basls and th? tru¥to9s do not hav8 any rffison to believè Ihatthe attounts should not be so prepared. STRUCTURE, GOVERNANCE AND MANAGEMENT Gov•rnlng document Th• charity controlled by its 90MIng d¢eLment, o deed of tru8t and $litYS an unlncorporated tharity. REFERENCE AND ADMINISTRATIVE DETAILS R•yltered Charlty number 289934 PFln¢lp#l *ddms• 3 PeterboTough Road Southampton S014 6HY Tru$tse$ J S Sidhu K S Lakhpuri S S Mand¥ir A K Somal S S Bains Ind•pgndont Examln•r TKUMAR Undarwood 88rron LLP Monks Brook House 13- 17 Hur5by Road Chwdlgr5 Ford Eastleigh Hampshire S053 2FIN Page 1
GURDWARA NANAKSAR REPORT OF THE TRUSTEES FOR THE YEAR ENDED 13 APRIL 2024 Approved by order of the board of tDJslees on................................. . and signed on its bohatf by.. K S Lakhpuri -Trust80 Page 2
INDEPENDEMT EXAMINER'S RepoRT TO THE TRUSTEES OF GURDWARA NANAKSAR 1nd&nd0nt •xamln•rf8 report to tho IW$t• ofGwdwara Nanaksar I report to the tharty It¢08 on my axamination of the accounts of Gurthyara Nanaksar Ilh• Trust) for tr* year end 13 W"12024. R•sponslbllltl•8 and b1• of report As the charity Iruslees of the Trust you are responsib for the preparatign of th• aeeounts in accordan th the requirements oflhe Charities Act 2011 Ilhè Acri. I report in r•set of my axamination ofthe Tr$ accounts ¢¥rrièd out undèr S8¢tion 14S of the Act and in carryin9 out my examination I hav8 followad all applieabte Directions given by the Charity Commi$¥ion under Saction 14Sl5llbl of the Act. Independent exarnln•rfs 8tatsm•nt sin your ¢hartty's gross income exeded £250,OCK) your gxamirw mLtst a m8mbw of a listed body. I can ¢onfim) that l am qualffied tts undèrtak• th• •xarninalion because l am a mèmbèr ol the Associab"on ol Chartered Certffied Accountants. which is one of the li5tod bodies. I haw comF48ted my examination. l ¢onfirni Ihat no mat8ri¥J rnatters ha¥• come to my attention in eonrxtion wrth the exwlnab.on ¥vSn9 me cause to believe that in any materi81 rtspè¢t counting rdS wèrè not kept in respect of the Trust as required by Sg¢tion 130 of th& Act., or the accounts do not accord thosè rècords., or the acLounts do not Comply wilh the applicablg ¥ts9uÉr8ments conMIng the fom and ¢ontsnt of accounts set out in the Charitr'es (Accounts and Reports} Re9ulattons 2CN)8 other than any requirement that the •¢¢ourtts give a trutr and fair view which is not a matter considgred as part ol an independent examination. I have no ncernS and havè come aL¥OSS no other matters in connection Wth the wamination to vlith attention should be drawn in ihis report in order to $nablè 8 PrOr understanding of tho accwnts to be rgoch8d. T KUMAR Tho AoCiatIOn ofchattsrad Cerb'fjed Acc4wntants Underwvod Barron LLP Monks Brook Hou¥8 13- 17 HUr9Y Road Chandbrs Ford Eastl9h Hampshir• S053 2FW Page 3
IYIROWAPA NANAKSAR STATEMENT OF FINANCIAL AcnvmES FOR THE YEAR ENDED 13 APRIL 2024 13.4.24 Unrestricted fund 13.4.23 Total fijnds Notes INCOME AND ENDOVIMENTS FRO Dtsnations and gaGleS 217,156 183,105 Investm1 irKome 172,383 157,853 389,539 340,gS8 EXPENDrruRE ON Raising fund$ 255,674 221,793 other 1,144 3.323 Tot•1 256,818 225.116 NET INCOME 132,721 115,842 RECONCLIATION OF FUNDS Totsi fvnd8 bught forward 2,252,216 2,136,374 TOTAL FUNDS CARRIED FORWARD 2,384,937 2,252.216 not¢$ form part of these financial statements P8g? 4
GURDWARA NANAKSAR BALANCE SHEET 13 APRIL 2024 13.4.24 Unrestricted lund 13.4.23 Total lunds FIXED ASS9 Tangible assets 3,008,586 3,010,224 CURRENT ASSETS Debtors Cash at bank aThY in hand 2.787 119,653 2,724 94,265 122,440 96,989 CREDITORS knounts falling du8 *ithin one year 1748,(fj91 1854,9971 Nrf CURRENT ASSETS 1623,6491 {756,0081 TOTAL ssET3 LESS CURRENT UABILITIES 2.384.937 2.252,216 14ET ASSETS 2.384.937 2,252,218 FUNDS Unrestrictèd fvndg 10 2,384.937 2.252.216 TOTAL FUNDS 2.384.937 2,252,216 nanei21 ststemen were approved by the Board of Tw$t¢o$ authorfsed for issue . and wère $W8d on its bahall by.. on The notes lorm part oflh8s8 finan¢ial stmtsments Page 5
GURDWARA NANAKSAR NOTES TOTHE FINANCIAL STATEMENTS FOR THE YEAR ENDED 13 APRIL 2024 ACCOUNTING polEs Ba¥18 of pr•porlng Ihg flnan¢lal •tatern•nts Th& financial statements of thg charty, whith is a public benefit ents.ty under FRS 102. hava been ppared in a¢¢ordgn¢e with the Chariknes SORP IFRS 1021 'Aceounting and Raporting ty Charities.. Statement of R8ccffimènd8d practi applicable to charitie5 preparing th8ir accounts in •ccordance wth thè Finanfyal Reporbr¥J Stsndartl applicablè In Iha UK and Republic of Ireland IFRS 10211gff8Ctive 1 January 20191,, FinanrAal Reporbng Standard 102 'The Finanaal Reporting Standard applicab In the UK and R9public ol Ireland, and the chorits.gs Ac¢ 2011. The financial $taternent$ have bèèn preparad und•r tho historical cost convgntion. Flnanclal r•portlng $¢andard 102 - r¢dueèd di%elosur• •x•mptlons Th? charty has taken advantage of the followng disclosure exgmplion3 in pr8porirYJ these fjnanclal staternfrnls, as pemiitted by FRS 102 Thè Financial Roporting Standard applicable in tho UK and Rèpublic of Ireland.. th• r8quir8m8nts ol Section 7 Ststernent of Cash Fkn,' tt)0 r8quirem8nt of paragraph 3.17ldl.' the rÈquirèmènts of paragraphs 11.42, 11.44. 11.45. 11.47. 11.4818lliiil. 11.481811ivl, 11.48lbl and 11.481¢1', the requirements of para9raph¥ 12.26. 12.27, 12.29la). 12.29lb} and 12.29A,' lh• r8quirement of paragraph 33.7. Incom• l incomè réeognised in the Statement of Financial on¢a lh& charfty has enbuernenl to th? fvnds, (t is probable Ih8t thè ineomè 111 be r•Cal and the amouni can be measurod roliJly. Exptnditiir• Liabilth"es are recognised as expgnditurg 0$ soon as trr8 is a 18gal or constructive obli9ation wmmittsw4 the charity to that expenditu, it is probable that a ITansfer ol economic beneffts wll be required in Séttlèmant and thg amount of the obligation can be measured reli8bly. Expendtturts 1$ acctyJnt8d for on aft ru81$ basis and has been dassified under headings that aggregatg all cojt related to tha category. Where costs cannot b? direGUy attribuied lo particular h&ading$ they have been allocated to athits"o5 On 8 ba$is consistent wilh the u8# of res¢wrces. Tan9lblo flx•d a$¥•ts DeprecAation is provkled at the foll1n9 annual ratos In order to wrfte off 8h asset over its ¢sts"mat8d uwful Feb)I# propgrty Fix1ures fitting$ Motor vehicles ¢pUr aquipmenl None provided 25% on cost 2% on eost 25V& on eost Taxallon The charity is exempt from tax on ts charitable actswlles. Fund aeeountlng UNe8tricted lunds can b& us•d in attordance with the charitable objèctiv•s at the disc¥etM ofthe trustees. Resth'cted funds can bè used far parbcular festn"Ld purposes within the obj¢¢ts of the charity. Restrlctions arise when speofied by the donor Or whtrn frJnd$ a rals8d for particular restricted purpoge5. Futh8r explanation of tho nature and purpose of èath fund is indudad in th• not8s to the fjn8nckg1 $latemènts. FoY•Sgn ¢urr•n¢le• Assets and lièbilitiès in loreign currenci8s aTe transmed stsrling at tha rates of exthange ruling at Ihg balance shèèt dat•. Transath"ons in foreign Currenc$ 8re iran3lated into sterting gt the rate ol exchange ruh'n9 at dat¢ 9f transaction. Exch8ny& differences are taken into account in arriving the optrrating result Hirè purehas• and leaslng ¢ommltments Rentals paid under operating 1983e$ are charged to the Statement ol Financial Acvib'es on g straight line basi6 overthe period ofthe lease. Page 6 ¢onts"nued...
GURDWARA NANAKSAR NOTES TO THE FINANCIAL STATEMENTS- conthued FOR THE YEAR ENDED 13 APRIL 2024 INVESThWIT IMCOME 13.4.24 13.4.23 Rental income Inlfrrest rsceivgd 170.789 1.594 157.030 823 172,383 157,853 RAISING FUNDS RaWwJ donaOn8 ind leqacle• 13.4.24 13.4.23 statt costs Donation payments Rats$ and wator Insurance Ligm and heat T•aching Cltsthing ISarcp81 Langar costs Rgpair8 and renewals Support costs 50,889 5.12S 2,653 5,458 36,512 3.662 5,870 37.087 19,322 88,050 46,349 4,000 2,640 5.030 19,442 3,60D 336 32,066 40,385 67,945 254,629 221,793 TrUSTEES' REhlUNERATION AND BENEFITS There were tru3tee8' r¢rnungration or othar tenefits for ts year ended 13 April 2024 nor foT Ihe year ended 13 ri12023. Tr1$. •xpen¥g• There ware no trustees, exFenses paid for the year ended 13 ri12024 nor the year eThJed 13 April 2023. COMPARATIVES FOR THE STATEh*NT OF FINANCIAL ACTMTIES Unrestricted fun INCOME AND ENDOWMENTS FROM DC81'¢n$ and legacie5 183.105 Investment income 157.853 Total 340,958 EXPENDITURE ON Raising fvnds 221,793 other 3,323 Totsl 225,110 IET INCOME 115,842 RECONCILIAllON OF FUNDS Total funds bToughl forward 2,136.374 TOTAL FUNDS CARRIED FORWARD 2.252,216 Page 7 continued...
GURDWARA NANAKSAR NOTES TO THE FINANCIAL STATEMENTS- ¢gntlnu•d FOR THE YEAR ENDED 13 APRIL 2024 TANGLE FIXED ASSETS Fixtures and fith.ngs Frgohol propsty Motor vehides Comwtsr equipment Totsls COST At 14 April 2023 AddlJ"ons 2,991.451 73,848 627 20,OLX) 3,978 2,913 3,089.277 3,540 At 13 April 2024 2,991.451 74.475 20.OCJ 6.891 3,092,817 DEPRECIATION At 14 April 2023 Charge for yoar 59.075 3.747 18,968 1,010 1.091 79,053 5.176 At 13 April 2024 62.822 19.30B 2.101 84,231 NET BOOK VALUE At 13 April 2024 2,991,451 11,653 892 4,790 3,008,586 At 13 April 2023 2,991,451 14.773 1,032 2.968 3,010.224 DEBTORS.. AMOUNTS FALUNG DUE MTHIN ONE YEAR 13.4.24 13.4.23 Prepayments and accruwj income 2,787 2,724 CREDITORS: AMOUP4TS FALLING DUE YIITHIN ONE YEAR 13.4.24 13.4.23 Bank loans and owrdrafts (see note 91 Taxation and social secuiity Other cledrtors 745,313 11231 899 854,321 11231 799 746.089 854,997 LOANS An analysis of th8 maturity of108ns is 9ivèn bel¢)w'. 13.4.24 13.4.23 Amounts fallirvJ within one yèar on damand.. Handelsbarsken Loans 745,313 854,321 10. NoveMENT IN FUNDS At 14.4.23 movemènt in fvnd$ At 13.4.24 UnYostrf¢tgd funds General nd 2.252,216 132,721 2,384,937 TOTAL FUNDS 2.252.216 132,721 2,384,937 P8 eontinued...
GURDWARA NANAKSAR NOTES TO THE FINANCIAL STATEMEfrifs- contlnuod FOR THE YEAR ENDED 13 APRIL 2024 10. MOVEMENT IN FUNDS- eontlnued Net movement in fund$, induded In the 8bov8 are as follows.. Incoming Restsur¢o$ expended Movement in fuThJs Unr•strlct•d fvnd• General fiJTr 389.539 1256,818} 132,721 TOTAL FUNDS 389,539 1256,8181 132.721 comrat•S for movement in fvnda Nét mov6m8nt in fvnd$ Al 14.4.22 Al 13.4.23 Unrnstrfctod fund• Gengral fund 2,136,374 115,842 2,252.21 TOTAL FUNDS 2.136,374 115,842 2,252.218 coVrati* n•t mov•ment in funds. incjuded in thg abov• arn as follo. Inc¢Jming resources Rg¥oure•s eynd8d Movement in funds Unr•strict•d funds G8noral fund 340,958 122S.1161 115,842 TOTAL FUNDS 340,958 1225.1161 115,842 A Gurrent year 12 nh)nlhs and prior yoar 12 rnonlhs combinod positson is as follov&.' Nèl movement in fvnds At 144.22 At 13.4.24 Lknmtrlctgd fund• General fund 2,136,374 248.583 2.384.937 TOTAL FUNDS 2,138,374 248,563 2.384,937 A Current ypar 12 months and prior year 12 months eombin•d net movement in fvnd$. induded In the above are as folknv5.' Incomin9 Resourc£s resources èxpondad Movement in funds Unre¥triet•d funds General fvnd 730.497 1481,934) 248,563 TQTAL FUNDS 730,497 1481,9341 248.563 P$9 continuod...
GURDWARA NANAKSAR PKITES TO THE FINANCIAL STATEMENTS- ¢ontlrnwd FOR THE YEAR ENDED 13 APRIL 2024 11. RELATED PARTY DISCLOSURes There were no rel#t¢d party transactions for the year ended 13 April 2024. Pag810
GURDWARA NANAKSAR DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR ThE YEAR ENDED 13 APRIL 2024 13.4.24 13.4.23 INCOME AND ENDOWMENTS Donatlons and legaei•s Donations Gifta Wedding Caremonies 201,608 14,492 1,056 183.105 217,156 183,105 Inv•slm•nt Incom• Rentsl incom¢ Interest TNed 170.789 1.594 157.030 823 172.383 157,853 Totsl lTrcoming r•8our¢•# 389,539 340,958 EXPENDITURE Ralslng donatlon• an01ogaci•6 Wagès Donatign pa915 Rates and watsr Insurance LKJht and heat Tèaching Clothing ISaropa} L8ngar ¢tssts Repairs and ran8wals SO,889 5,126 2,653 5,458 36,512 3,662 5,870 37,087 19,322 48.349 4,000 5,030 19,442 3,600 336 32,066 40.385 1ee,579 153,848 other trndlng a¢tMth• Event purchases Othèr Slknscriplons clnIng 142 3,181 836 1.144 3.323 Support co•ts Managom•nt Professional fees Trav Council tax Telephone Postage and ststhongry Motor e>penses Parking Fines FixtuS aThJ fittiry5 Motor vehic$ Gomput•r•quiprnent 7,732 1,707 1,717 5.651 1,245 1,120 1,223 6,279 1,414 834 3,747 4,533 1,090 23,064 18,184 othor Bath Loan Intsrèat 49,781 This page do not forrn part tsfth¥ statutory fmanrA8J 8tatsments Pagg 11
GURDWARA PIANAKSAR DETAILED STATEMENT OF FINANCIAL ACTivrriES FOR THE YEAR ENDED 13 APRIL 2024 13.4.24 13.4.23 Tol81 8¢Ut¢o$ &xpendwJ 256.818 225.118 in¢om¢ 132.721 115,842 This page does not fonn part oflhe $tstulory fin8naal Statements Page 12