2021-12-31-accounts - Guru Tegh Bahadur Gurudwara (Sikh Temple)

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	Page
Reference and AdminlstraHve Details
Report ofthe Tmstees	2 to	6
Trustees' ResponsibRRY Stafement
Report ofthe Independent AudItors	8 to	10
Statement of Financial ActlvtRes
Balance Sheet	12
Cash Flaw Statement	13
Notes lo the Cash Flow Statement	14
Notes fofhe Financial Statemenfs	15 Io	22
DelaUed Sfalement of Financial AcBvtRes	23 to	24

TRUSTEES	Sukhdev	Singh	Bansal
	Balwant	Singh	Johal
	Gurmail	Singh	Sadra
	Raj Manvinder		Singh
	Paramjit	Singh	Rai
	Tajinder	Kaur Jagdev
	Mukhtiar	Singh
	Nirmal Singh (resigned			31.10.22j
PRINCIPAL ADDRESS	106East	Park Road
	Evington
	Leicester
	LE54QB
REGISTERED CHARITY NUMBER	505157
AUDITORS	Fortus Audit LLP
	Chartered Accountants			8, Statutory Auditor
	31 High View Close
	Hamilton	Office Park
	Leicester
	Leicestershire
	LE4 9LJ

						2021	2020
				Unrestricted	Restricted	Total	Total
				fund	fund	funds	funds
			Notes		8	E	E
INCOME AND ENDOWMENTS		FROM
Donations and legacies			2	776,613	183,303	959,916	419,186
Other trading activities			3				765
Other income			4	59,415		59,415	82,532
Total				836,028	183.303	1,019,331
EXPENDITURE ON
Raising funds				36.177		36,177	36,957
CharRable acRvlHes
Charitable activities				536,023		536,023	449,437
Support costs				6,227		6.227	41,362
Governance				20,119		20,119	6.098
Total				598.546		598.546	533.854
NET INCOME/(EXPENDITURE)				237,482	183,303	420,785	i31,371}
RECONCILIATION OF FUNDS
Total funds brought	forward			2,870,459		2.870,459	2,901.830
TOTAL FUNDS CARRIED FORWARD				3.107,941	183,303	3,291,244	2,870,459

		2021	2020
	Notes	E	E
FIXEDASSETS
Tangible assets	12	2,486,422	2,577,148
CURRENT ASSETS
Debtors	13	114,833	23.593
Cash at bank and in hand		1,268,399	332,058
		1,383.232	355,651
CREDITORS
Amounts falling due within one year	14	[99,234)	(12,340)
NET CURRENT ASSETS		1,283,998	343,311
TOTAL ASSETS LESS CURRENT LIABILITIES		3,770,420	2,920,459
CREDITORS
Amounts falling due after more than one
year	15	(479,176)	(50,000)
NET ASSETS		3,291.244	2,870,459
FUNDS	18
Unrestricted funds		3,107,941	2,870,459
Restricted funds		183,303
TOTAL FUNDS		3,291,244	2,870,459

				2021	2020
			Notes	E	E
Cash flows from operafing	actlvtHes
Cash generated from operations			I	481,405	132,019
Interest paid				(12,427)	(5,673)
Net cash provided by operating		activities		468,978	126,346
Cash flows from Investing	acthrlfies
Purchase of tangible fixed assets				(3,480)	(63,168)
Net cash used in investing	activities			(3,480)	(63,168)
Cash flows from financing	acfivltles
New loans in year				479,980	50,000
Loan repayments in year				(9,137)
Net cash provided by financing		activities		470,843	50,000
Change In cash and cash	equtvalenh		in
the reporgng period				936,341	113,178
Cash and cash equivalents	atthe
beginning otthe reporfing	period			332,058	218,880
Cash and cash equivalents	atthe	end	of
fhe reporfing period				1,268,399	332,058

	RECONCILIATION	RECONCILIATION	OF	NET INCOME/(EXPENDITURE)	NET INCOME/(EXPENDITURE)	NET INCOME/(EXPENDITURE)	TO NET CASH FLOW FROM	OPERATING	ACTIVITIES
								2021	2020
								S	E
	Net Income/(expendEure)					for the reporEng period	(as per the
	Statement ot	Financial		ActlviEes)				420.785	(31,371)
	Ad)ustmenls	for.
	Depreciation	charges						94,206	96,900
	Interest paid							12,427	5,673
	(Increase)/decrease			in	debtors			(91,240)	72,025
	Increase/(decrease)			in	creditors			45,227	(11,208)
	Net cash provided		by	operations				481.405	132,019
2.	ANALYSIS OF	CHANGES			IN	NET FUNDS
							At 1.1.21	Cash flow	At 31.12.21
							E	S	E
	Net cash
	Cash at bank and		in hand				332,058	936,341	1,268,399
							332.058	936.341	1.268.399
	Debt
	Debts falling	due	within		I	year		(41,667)	(41.667)
	Debts falling	due	after		1 year		(50,000)	(429.176)	(479,176)
							(50,000)	[470,843)	(520,843)
	Total						282,058	465,498	747,556

1.	ACCOUNTING POLICIES - continued	ACCOUNTING POLICIES - continued	ACCOUNTING POLICIES - continued	ACCOUNTING POLICIES - continued
	Pension costs and other post-reUrement				beneRls
	The charity operates	a defined		contribution		pension scheme.		Contributions		payable to the		charity's
	pension scheme are charged			to the	Statement		of Financial	Activities	in	the period to which they
	relate.
	DONATIONS AND LEGACIES
										2021		2020
												S
	Charawa box									282, 151	162,275
	Donations and offerings									556,085	240,551
	Giff Aid									121,680		16.360
										959.916	419,186
3.	OTHER TRADING ACTIVITIES
										2021		2020
												E
	Rental Income											765
4.	OTHER INCOME
										2021		2020
										E
	Covid job retention	scheme								54,415		69,732
	Business rates grant									5,000		12.800
										59,415		82,532
5.	RAISING FUNDS
	Raising donaBons and legacies
										2021	2020
										E		E
	Staff costs									30,340		26,106
	Printing, postage, stationery		and advertising							2,032		6.660
	Media costs									3,805		4,191
										36,177	36,957

CHARITABLE ACTI	VITIES COS	TS
			Direct	Support
			Costs (see	costs (see
			note 7)	note 8)	Totals
			E	E	E
Charitable activities			536,023		536,023
Support costs			6,227		6,227
Governance				20,119	20,119
			542,250	20,119	562,369
DIRECT COSTS OF	CHARITABLE ACTIVITIES
				2021	2020
					8
Staff costs				162,575	178,868
Other operating	leases			6,227	6,499
Rates and water				6,046	993
Insurance				9,420	10.502
Light and heat				54.514	52,763
Telephone				2,680	2,050
Repairs and maintenance				39,118	20,871
Sundnes					860
Food and provisions				54,156	52.890
Cleaning and pest control				5,825	2,359
Punjabi school B,	library resources			2,804	3,238
Transport services				11,229	(572)
Subscriptions and	memberships			75	176
Grants and donations - Institutions				1,333	2,653
Security				2,520
Special events and religious		functions		77,027	54,076
Depreciation				94,206	96,900
Interest payable	and similar	charges		12,427	5.673
				542,250	490.799
SUPPORT COSTS
					Governance
					costs
					8
Governance					20,119

Suppo	rt	costs, included in the above, are as fol	lows:
			2021	2020
				Total
			Governance	activities
			8	S
Auditors'		remuneration	4,800
Accountancy			10.824	5.558
Legal	IL	professional	4,495	540
			20,119	6,098

STAFF	COS'TS
		2021	2020
Wages	and salaries	183,348	195,369
Social	security costs	6,454	6,636
Other	pension costs	3,113	2,969
		192,915	204,974

		2021	2020
Priests	(Gianis)	5	4
Other		9	20
		14	24

COMPARATIVE	S FOR THE STA	TEMENT OF FINANCIAL ACTIVITIES
			Unrestricted
			fund
			E
INCOME AND	ENDOWMENTS	FROM
Donations and legacies			419,186
Other trading	activities		765
Other income			82,532
Total			502,483
EXPENDITURE ON
Raising funds			36,957

COMPARATIVES FOR	THE STATEMENT OF FINANCIAL ACTIVITIES	- continued
		Unrestricted
		fund
Charitable acNvtNes
Charitable activities		449,437
Support costs		41,362
Governance		6,098
Total		533,854
NET INCOME/(EXPENDITURE)		(31,371t
RECONCILIATION OF FUNDS
Total funds brought	forward	2,901,830
TOTAL FUNDS CARRIED FORWARD		2,870,459

TANGIBLE FIXED ASSETS
	Freehold	Fixtures
	land 8	and	Motor	Solar
	buildings	fittings	vehicles	panels	Totals
	S	E	E	8
COST
At I January 2021	3.255,501	603,285	47.737	122,904	4,029,427
Additions		3,480			3,480
At 31 December 2021	3,255.501	606,765	47,737	122,904	4,032,907
DEPRECIATION
At 1 January 2021	879,027	481,270	47,737	44,245	1,452,279
Charge for year	60.463	28,827		4,916	94.206
At 31 December 2021	939,490	510,097	47,737	49,161	1,546,485
NET BOOK VALUE
At 31 December 2021	2,316,011	96.668		73,743	2,486,422
At 31 December 2020	2,376,474	122,015		78,659	2,577,148

13.	DEBTORS: AMOUNTS	DEBTORS: AMOUNTS	FALLING DUE WITHIN	FALLING DUE WITHIN	FALLING DUE WITHIN	ONE YEAR
								2021	2020
								8	8
	Other debtors							109,073	16.298
	Prepayments	and accrued income						5,760	7.295
								114,833	23.593
14.	CREDITORS: AMOUNTS			FALLING DUE WITHIN ONE YEAR
								2021	2020
									S
	Bank loans and overdraffs				(see note 16)			41,667
	Trade creditor,							9,821
	Social security	and other taxes						3,504	2.443
	Wage control							13,362
	Other creditors							1,000	1,190
	Accruals and	deferred		income				29,880	8.707
								99.234	12,340
15.	CREDITORS: AMOUNTS			FALLING DUE AFTER MORE THAN ONE			YEAR
								2021	2020
								8	E
	Bank loans (see note			16)				479,176	50.000
16.	LOANS
	An analysis of	the maturity			ofloans is given below:
								2021	2020
								E	E
	Amounts falling due		within		one year on demand:
	Bank loans							41,667
	Amounts falling due		between two and five years:
	Bank loans - 2-5years							479,176	50,000
17.	ANALYSIS OF NET ASSETS BETWEEN FUNDS
								2021	2020
						Unrestricted	Restricted	Total	Total
						fund	fund	funds	funds
						8	S	E	5
	Fixed assets					2486,422		2,486,422	2,577,148
	Current assets					1,199,929	183.303	1,383,232	355,651
	Current liabilities					(99,234)		(99,234)	(12,340)
	Long term liabilities					(479,176)		[479,176)	(50,000)
						3,107.941	183,303	3,291,244	2,870,459

MOVEMENT IN	FUNDS
					Net
					movement	At
				At 1.1.21	in funds	31.12.21
					E	E
Unrestricted funds
General fund				2,870,459	237,482	3,107,941
Restricted funds
Building fund					183,303	183,303
TOTAL FUNDS				2,870,459	420,785	3,291,244
Net movement	in funds, included		in the above	are as follows:
				Incoming	Resources	Movement
				resources	expended	in funds
				E	F.	S
Unrestricted funds
General fund				836,028	(598,546)	237,482
Restricted funds
Building fund				183,303		183.303
TOTAL FUNDS				1,019,331	(598,546)	420,785
Comparalives for movement		in funds
					Net
					movement	At
				At 1.1.20	in funds	31.12.20
					E	E
Unrestricted funds
General fund				2,901,830	(31,371)	2.870,459
TOTAL FUNDS				2,901,830	(31,371)	2,870,459
Comparative net movement		in funds, included		in the above are as follows:
				incoming	Resources	Movement
				resources	expended	in funds
					5	E
Unrestricted funds
General fund				502,483	(533,854)	(31,371)
TOTAL FUNDS				502,483	(533,854)	(31,371)

A current ye	ar 12months and prior yea	r 12months combined position is	as follows:
			Net
			movement	At
		At 1.1.20	in funds	31.12.21
		E	S	E
Unrestricted	funds
General fund		2,901,830	206,111	3,107,941
Restricted funds
Building fund			183,303	183,303
TOTAL FUNDS		2.901,830	389,414	3,291,244

the above a	re as follows:			,
		Incoming	Resources	Movement
		resources	expended	in funds
				S
Unreslricted	funds
General fund		1,338,511	(1,132,400)	206,111
Restricted funds
Building fund		183,303		183,303
1'OTAL FUNDS		1,521,814	(1,132,4m)	389,414

			2021	2020
			E	E
INCOME AND ENDOWMENTS
Donations and legacies
Charawa box			282,151	162,275
Donations and offerings			556,085	240,551
Giff Aid			121,680	16,360
			959,916	419,186
Other trading acfivifies
Rental Income				765
Other Income
Covid job retention scheme			54,415	69,732
Business rates grant			5.000	12,800
			59,415	82,532
Total Incoming resources			1,019,331	502,483
EXPENDITURE
Raising donations and	legacies
Administrative staff salaries			30.340	26,106
Printing, postage, stationery		and advertising	2,032	6,660
Media costs			3,805	4,191
			36.177	36,957
Charitable acfivNes
Wages			153.008	169,263
Social security			6,454	6,636
Pensions			3,113	2,969
Other operating leases			6,227	6,499
Rates and water			6.046	993
Insurance			9,420	10,502
Light and heat			54,514	52,763
Telephone			2,680	2.050
Repairs and maintenance			39.118	20,871
Sundries			68	860
Food and provisions			54,156	52,890
Cleaning and pest control			5,825	2,359
Punjabi school 8 library resources			2.804	3,238
Transport services			11.229	j572j
Subscriptions and memberships			75	176
Grants and donations	—Institutions		1,333	2,653
Security			2.520
Special events and religious		functions	77,027	54,076
Depreciation charge			94.206	96.900
Carried forward			529.823	485,126

	2021	2020
	B	B
Charitable actlvNes
Brought forward	529,823	485.126
Bank loan interest	2,942
Bank charges	9,485	5,673
	542,250	490,799
Support cosls
Governance costs
Auditors' remuneration	4,800
Accountancy	10,824	5.558
Legal ILprofessional	4,495	540
	20,119	6,098
Total resources expended	598,546	533,854
Net Income/(expendRure)	420,785	(31,371)