Charfty Roglgtratlon No. 603976
GURU NANAK SIKH GURDWARA
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

GURU NANAK SIKH GURDWARA
LEGAL AND ADMINISTRATIVE INFORMATION
Trnstees
Mr Sucha Singh Khalra
Mr Jamail Singh Sidhu
Mr. Joga Singh Sidhu
H Singh Varanitch
(Appointed 3 June 2023)
(Appointed 3 June 2023)
Charity number
503976
Prlncipal address
1-2 Hadley Park Road
Leegomery
Telford
Shropshire
TF16PW
Registered office
1-2 Hadley Park Road
Leegomery
Telford
Shropshire
United Kingdom
TF16PW
Independant Examlner
Taheer Afzal
ACA
BSS & Co (Accountancy Services) Limited
75 Aston Road
Shifnal
Shropshire
TF118DU

GURU NANAK SIKH GURDWARA
CONTENTS
Pago
Trustees report
Statement of financial activities
Balance sheet
Notes to the financial ststements
5-10

GURU NANAK SIKH GURDWARA
TRUSTEES REPORT
FOR THE YEAR ENDED 31 MARCH 2024
The trustees present their annual report arKI fin8nd81 siatemenls for Ihe year ended 31 March 2024
The finanaal statements have been prepared in accordance wlh the accounting policies set out in note 1 to the
financial statements and comply the charitrfs Trust Deed, the Charities Act 2011 and "Accounting and
Reporting by Chanties Statement of Recommended Pracbce applicable to charities preparing their accounts in
accordance wth the Finanaal Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)
(effective 1 January 2019)".
Obje¢tlves and activltles
To promote the Sikh ￿ligIOn in accordan￿ with the teachings of Sri Guru Granth Sahib Ji.
The trustees have paid due regard to guidance issued by the Charty Commissi(In in deciding what activrties the
charity should undertake
Achlevements and perfomiance
The trustees consider that the perfonnance of the charity this year has been reasonable Ythen comparing the
activty to the previous year. During the year, the charity generated £87,706 donations from charitable actimbes
as compared to £90,860 in the previous year. Totsl income increased by 4% from £97,168 to £101.029. and total
expenditure Increased by 17% from £86,305 to £103,906.
Financlal review
The chanty holds reserves of £745,815 (2023. £748,692) which are unrestricted funds. These funds are held In
order to meet any unforeseen expenditure that may occur.
It is the policy of the charity that unrestricted fijnds which have not been designated for a specific use should be
maintained at a level equivalent to be￿n three and six month's expenditure. The trustees consder5 that
reserves at this level will ensure that. in the event of a sigruficant drop in funding. they will be able to continue the
charity's current athvibes ￿lIe consideration is given to ways in which additsonai ￿ndS may be raised. This level
of reserNes has been maintained throughout the year.
The trustees have assessed the major risks to which the charity is exFosed, and are satisfied that systems are in
pla￿ to mrtigate exposure to the major risks.
structure, govemance and management
The charity is an unincorporated assoaation and is govemed by ifs constriution. Trustees are appointed through
a process of elethon.
The trustees who seNed during the year and up to the date of signature of the financial statements were..
Mr Sucha Singh Khaira
Mr Gurmit Singh Bansi
{Re￿gned 3 June 2023)
Mr Jamail Singh Sidhu
Mr Jarnail Singh Johal
Mr Joga Singh s￿hU
H Singh Varanitch
(Resigned 3 June 2023)
(Appointed 3 June 2023)
(Appointed 3 June 2023)
The Trustees report was apwoved by the Board of Tnjstees, and signed on their behalf by..
Mr. Joga Slngh Sldhu
Trustees
Dated.. 17 December 2024

GURU NANAK SIKH GURDWARA
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF GURU NANAK SIKH GURDWARA
I report to the trustees on my examination of the financial statements of Guru Nanak Sikh Gurdwara (the
charity) for the year ended 31 March 2024.
Responslbllltles and basls of report
As the trustees of the charity you are responsible for the weparati<Jn of the financial statements in accordance
with the requirements of the Charities Act 2011 (the 2011 Act).
I report in respect of my examination of the charity's financial statements carrted out under section 145 of the
2011 Act. In carying out my examination I have followed all the applicable Directions given by the Charity
Commission under section 145(5)(b) of the 2011 Act.
Independent examlnerfs statement
Your attention is drawn to the fact that the charity has prepared finanaal ststements in ac¢x)rdancE with
Accounting and Reporting by Chants'es preparing their accounts in accordance with the Finanaal Reporting
Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and
Reporting by Charities. Statement of Recommended practi￿ issued on 1 April 2005 which is referred to in the
extant regulations but has now been withdrawn.
l understand that this has been done in order for financial ststements to provide a true and fair view in
accordance V￿th Generally Accepted Accounting Pracbce effective for reporting periods beginning on or after 1
January 2015.
I have completed my examination. I confirm that no matters have come to my attention in connectron with the
examinatson giving me cause to believe that in any material respect:
accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act: or
the financial statements do not accord wrth those records.. or
the financial statements do not comply with the applicable requirements concerning the form and content
of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement
that the accounts give a true and fair view which is Tr)t a matter considered as part of an independent
examination.
I have no conc2ms and have come across no other matters in connectson 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.
Taheer Afzal
ACA
BSS & Co (Accountancy Services) Limiied
75 Aston Road
Shifnal
Shropshire
TF118DU
Dated. 17 December 2024

GURU NANAK SIKH GURDWARA
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2024
Unrostrlcted
funds
2024
Unrestrlcted
fund8
2023
Notas
Income and endowments from:
Donations and legaaes
Investments
Other income
87.706
2,951
10.372
90,860
540
5.768
Totsl Income
101.029
97.188
Expendlture on:
Raising funds
Charttable activities
24,656
79,250
20,228
66,0
Total expenditure
103,906
86,305
Net Incomel{expendAture) and movement In fvnds
{2.877)
10,863
Reconclliation of funds:
Fund balances at 1 April 2023
748.692
737,829
Fund balances at 31 March 2024
745.815
748.692
The statement of finanaal activities indudes all gains and losses rwnised in the year.
All Ir)come and expenditure derive from continuing activities.

GURU NANAK SIKH GURDWARA
BALANCE SHEET
AS AT 31 MARCH 2024
2024
2023
Notes
Fixed assets
Tangible assets
Current assets
Cash at bank and in hand
10
425,488
441,538
320,329
307,154
Net Cu￿ent assets
320.329
307,154
Total assets less current Ilabillties
745,815
748,692
Income funds
Unrestncted funds
General unrestncted fijnds
Revaluation reserve
448.386
297,429
451,263
297,429
745,815
748,692
745,815
748.692
In relation to the financial statements which comprise and the related notes:
The trustees approve these financial statements and confirm that they are responsible for them, including
selecting the appropriate accounting policies, applying them consistently and maknng, on a reasonable and
prudent basis, the judgments underlying them They have been prepared on the going concem basis on
the grounds that the charity will continue In operaknon.
The trustees confirm that they have made available to B.S S. & Co (Accountancy serVi￿S) Limited, all the
charity's accounting records and provided all Ihe infomation necessary for the compilation of the financial
statements.
The trustees confirm thal to the best of their knowledge and belief, the accounting records reflect all
transacbons of the chanty for the year ended 31 March 2024.
The financial ststements were approved by the Trustees on 17 December 2024
Mr Joga Singh Sidhu
Trustee

GURU NANAK SIKH GURDWARA
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Accountlng pollcies
Charity Infomiatlon
Gunj Nanak Sikh Gurdwara is a public benefit entity arKJ a registered charity in England and IAÈles and is
unincorporated.
1.1 Accountlng conventlon
The financial statements have been prepared in accordance with the charity's [goveming document], the
Chantses Act 2011, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland"
("FRS 1021 and the Chanties SORP "Accounting and Reporting by Charities. Statement of Recommended
Practice applicable to chantses preparing their accounts in accordance with the Financial Reporting Standard
applicable In the UK and Republic of Ireland (FRS 102). (effective 1 January 2019). The charity is a Public
Benefit Entity as defined by FRS 102.
The charity has taken advantage of the provisions in the SORP for charities not to prepare a Statement of
Cash Flows.
The financial ststements have departed from the Chantses (Accounts and Rewts) Regulatsons 2008 only to
the extent required to provide a true and fair wew This departure has involved follow7ng the Statement of
Recommended Practice for chanbes applying FRS 102 pther than the version of the Ststement of
Recommended Prathce which is refeffed to in the Regulations bui which has since been wthdravfft.
The financial ststements are prepared in sterling. which is the functional currency of the chanty. Monetary
amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. [modified to indude the
revaluation of freehold properties and to include investment properties and (xtain financial instruments at fair
value]. The pnncipal accounting poliues adopted ￿e set out below.
1.2 Going concem
At the time of approving the financial statements. the trustees have a reasonable expectation that the chanty
has adequate resources to continue in operational existence for the foreseeable future Thus the trustees
continue to adopt the going concem basis of accounting in preparing the financial statements
1.3 Charitable funds
Unrestricted funds are available for use at the discretion of the tfustees in furtherance of their charitable
objethves.
Restricted funds are subject to speofic condits'ons by dorK)rs or grantors as to how they may be used. The
purposes and uses of the restricted funds are set out in the notes to the financial statements.
Endowment funds are subject to specific conditions by donots ttk3t the capilal must be maintained by the
charity
1.4 Income
Income is recognised when the charity is legally entitled to it after any performance condits'ons have been met,
the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt Other donations are Tecognised once the charity has been notified
of the donation, unless perfomiance condbtions require deferral of the amount. Income tax recoverable in
relation to d¢)nats"ons received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Legacies are recognised on receipt or otheThvise if the charity has been r￿tffied of an impending distribution,
the amount is kntr￿, arKI receipt is expected. If the amount is nol kno￿, the legacy is treated as a
conts'ngent asset.

GURU NANAK SIKH GURDWARA
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Accountlng pollcles
(Contlnu•d)
1.5 Expendlture
Expenditure is recognised on an accruals basis 85 a liabllily Is incurred. Expenditure includes any VAT which
cannot be fully recovered, and is dasslfied under headings of the st8tement of financial activities lo which it
relates.
Expenditure on raising funds includes the costs of all fundraising activrties, events. n￿-charitable trading
activities, and the sale of donated goods
Expenditure on charrtable activities includes all costs incurred by a charity in undertaking activtties that further
its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the
govemance of the chanty apportioned to charitable activities.
1.6 Tangible fixed assets
Tangible fixed assets are initialty measured at cost and subsequenty measured at cosl or valuation, net of
depreciation and any impaiment losses.
Depreaation is recognised so as to wnte off the cost or valuation of assets less their residual values over their
useful lives on the followng bases..
Freehold land and buildings
Fixtures and fittirYJs
2%SL
20% RB
The gain or loss arising on the disposal of an asset is detemiined as the dIffe￿nce between the sale proceeds
and the carying value of the asset, and is recognised in the statement of financial actIv￿eS
1.7 Impalmient of flxed assets
At each reporting end date, the chanty reviews the carying amounts of its tangible assets to detemiine
whether there Is any indication that those assets have suffered an impainnent loss. If any such indicakn'on
exists, the recoverable amount of the asset Is estbmated in order to determine the extent of the impairment
loss lif any).
1.8 Cash and cash equtvalents
Cash and cash equivalents indude cash in hand. deposits held at call with banks, other short-temi liquid
investments with original maturities of three months or less. bank overdrafts. Bank overdrafts are shown
within borrowngs in current liabilities.
Basic financlal assets
Basic financial assets. whith indude debtors and cash and bank balances. are initially measured at
transaction price including transaciion costs and are subsequently carried at amortised cost using the effective
interest method unless the arrangement constitutes a finanang transaction, where the transaction is
measured al the present value of the fijture receipts discounted at a markel rale of interest Financial assets
Classified as receivable within one year are not amortised

GURU NANAK SIKH GURDWARA
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Accountlng pollcles
(Contlnuedl
Basic financlal liabllitles
Basic financial liabilities, including c￿dItorS and bank loans are initially recognised at Iransadion price unle88
the a￿angement constitutes a financing transaction, where the dabl instrument is measured at the present
value of the future payments discounted al a market rate of interest. Financial liabilities classified as payable
wthin one year are not amortised
Debt instruments are subsequently carried al amortised cost, uslng the effective Interest rate method
Trade creditors are obligations to pay for goods or seNices that have been acquired in the ordinary course of
operations from suppliers. Amounts payable are classified as current liabilities if payment is due wthin one
year or less If not. they are presented as n0n-cu￿ent liabilities Trade creditors are recognised initially at
transaction price and subsequently measured at amortised cost using the effective interesl method.
Derecognition of financial liabllities
Financial liabilities are de￿CogniSed when the chanty's contractual obligations expire or are discharged or
can￿lled.
1.9 Employee beneflts
The cost of any unused holiday entitlement is recognised in the period in which the employee's services are
received.
Ternination benefits are recognised immediately as an expense when the charity is demonstrably commrtted
to temiinate the employment of an employee or to provide tennination benefits.
1.10 Fund accountlng
Unrestncted funds are available for use at the discretion of the trustees to fijrther any of the chantys
purposes Designated funds are unrestricted funds eannarked by the partners for particular future project or
commitment. Restncted funds are subjected to restrictions on their expenditure dedared by the donor or
through the terms of an appeal, and fall into one of two sub-classes." restricted income funds or endowment
fiJnds.
Critlcal accountlng estlmates and Judgements
In the application of the charity's accounting policies. the trustees are required to make judgements, estimates
and assumptions about the Carrying amount of assets and liabilities that are not readily apparent from other
SoUr￿S The estirnates and associated assumptions are based on historical experience and other factors that
are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting
estimates are recognised in the period in which the estimate is revised where the revision affects only that
penod, or in the penod of the revision and future periods where the revision affects both current and future
periods.
Income from donatlons and legacles
Unrestrlcted Unrpstrlcted
fund8
funds
2024
2023
Donations and grfts
87.706
90.860

GURU NANAK SIKH GURDWARA
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Income from Inveslments
Unrestrlcted Unrestrlct8d
funds
funds
2024
2023
540
Interest r￿[val
2,951
Expendlture on ralslng funds
Unrestricted Unrestricted
funds
funds
2024
2023
Fundraislng and publlcty
Seeking donatsons, grants and legacies
Other fundraising wsts
Staff costs
Support costs
809
12.905
9.776
1.166
1,451
6,058
11,314
1,405
24.656
20,228
Other income
Unrestrtcted Unrestricted
funds
funds
2024
2023
other income
10.372
5.768

GURU NANAK SIKH GURDWARA
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Charftable actlvltles
Charftable Chafltable
Expendlture Expendlturn
2024
2023
16,299
3,230
1,423
23,783
15,940
613
1,519
3.270
Depreaation and impaimient
Rates
Insurance
Light and Heat
Repairs and Maintenance
Telephone
Legal & professional fees
Subcontractors
Accountancy
16,051
2.853
1,539
23,487
18,498
311
16,839
72
79,250
66,077
79.250
66,077
None of the tnjstees (or any persons connected wrth them) recesved any remuneration or b￿efits from the
chanty dunng the year.
Employees
Number of employees
The average monthly number of employees during the year %YdS.'
2024
Number
2023
Number
Employment costs
2024
2023
IA&ges and salaries
9.776
11,314
There were no employees bthose annual remuneration was £60.(XK) or more.

GURU NANAK SIKH GURDWARA
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
10 Tanglble flxed assets
Freehold land FlxtuM and
nd bulldlngj
Ilttlng•
ToL•l
Cost
At 1 April 2023
742,541
67,121
809,662
At 31 March 2024
742,541
87,121
809,682
Depreclatlon and Impalmient
At 1 April 2023
Depreaation charged in the year
307,0(
14,851
61,117
1,202
368,123
16.053
At 31 March 2024
321,857
62.319
384,176
Carrylng amount
At 31 March 2024
420,684
4,802
425,486
At 31 March 2023
435,535
6,003
441,538
11
Retirement benefft schemes
The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the
scheme are held separately from those of the charity in an independently administered fund.
12 Related party transactlons
There were no disclosable related paty transacb'ons during the year (2023 - none).
10-