REGISIERED CHARifY NVAI8ER: $05157 REPORT OF THE IRUSTEES AND FINANCIAL STAIEMENIS FOR THE PERIOD I JANVARY 2023 TO 30 SEPTEMbER 2023 FOR GURV TEGH BAHADUR GVRDWARA GURU TEGH BAHADVR GURDWARA CONIENTS OF THE FNANCIAL STATEMENTS ForThe Pewtod l Janu¢)ry 202310 30 Seplembw 2Wd3 Page Relerence and Admkn15lrd￿• Deta1¥ Rewt ofthe Tiust••s Trvslees. ResponsrblHy sta￿ment Report dthe Independent Audllors 8 to 10 statement ol Ftnoncknl Acthlll•s balance Sheet 12 Cwh Flow Stalement 13 Ntsl¢s to th* Cosh Flow Slolement 14 Noles lo Ihe Flnanckil Stalements 15 10 23 DdaHed Stalementol Hnanclal ActlvlN•s 24 10 25 GVRU TEGH BAHADUR GURDWARA REFERENCE AND ADMINISTRATIVE DET￿ls ForThe P¢rfod T Jonvory2023 to 30 Seplembei2023 TRUSTEES Sukhdev Singh Bonsol Bafvonl Singh Johol Gumoil Singh Sodra Roj Monwnder5in9h Paramjeet Singh Rai Tajinder Kour Jogdev Mukhliarsingh PRINCIPAL ADDRESS 106 East Poth Rood Ewngton Leicester LE5 4Q8 ItEGISIERED CHARITY NUMBER 15157 AIIDIIORS TC Group 31 High View Close Hamilton Office P(xk Leicester Leice51er5hire LE4 9LJ Poge I GURU TEGH BAHADUR GURDWARA REPORT OF THE TRUSTEES Foi Th• P•rfod l January 2023 to JO Seplemb•r 2tr23 The trwtees present I￿r report wlh the oudiled finoncial slotemenls fu the year ended 31 December 2￿22. The account5 have been prepared in accordance wlh Ihe oc¢ounting poficies sel out in wle I lo the occoun15 und compNf with the chortlys CO￿111vI￿)n. the Chorilies Act 2011 and the Slalemenl of Recomrne￿d Pract￿e, "Accounting ond Reporting by Charilles" Memorfum We would like to poy respect to kjle Tr￿lee, SLvnderpal Singh Roi. Surinderpal Siryh w05 on exempfary ¢rthel for selll service and on inspiratK)n lo many. He be missed lor yeors to come. STXUCTURE, GOVERNANCE AND MANAGEMENT In 2023 we hove woiked Iow(Tds resumng services whilst conltnuing vogreS￿ng with Ihe Building Mc*nlenance program. On behalf of the Guru Tegh BohodLK Gurdwaro ￿￿O9¢Ment. I would to extend my grolitvde to oll ovi membeTS and the Songot and ttte locol Community for oll their sUPPOrt which enable us to se￿e and make a drfference. I would like to thank ow stoff lor Iheir dedicalK)n and hard work. Cordlllvllon The first constitution was mode in 1966 ond in 1978. It WQ5 ctrK]nged by Courts in 1996 orKI then in 2013. orfglns ofthe Guthara The first STr1 h Gurthvora IGU￿ Nonok GLK(knrol w05 51artgd in Leie5ter in 1963. The weekly progr(Ynme was held al o hirèd Church Hall on Sl. 5aviour5 Rood. Leicester. As the Sikh populaton in Leiesler grew Ihere became room for another Gurdwara in Le￿eSter. The original sile on East Park Rood was estoblished in 1978 und become known £]5 Guru Tegh B(Jhadvr Gurdwaro. Loter the stle relocoled lo 106 East Park Road Mthere il currenlty operates il servies frcyn. lknlhod ol appolnlmenl 01 ele¢ffon ofTry3lees The members of the executive commltrlee ore oppomted ot elections, which ore held on a Sunday ￿7 September every other year. on￿ rnembers ol the Gurdworo moy Stand lor election ond eoch condidule must be nominated ond seconded by o memb&r ol the Gurdwara. The membership ol Ihe executwe commlllee COM￿Se$ 13 office beorers and 4 other pewns. In addition. the ExecutNe Committee moy oppoint 4 C(￿pted members to hold office until th8 nèxt el8clk)n. 01ganlsqllonul slwctwe (￿d declslon makknj The generol manogement ond odmini5trolDn of the charty is the responsibility of the E¥eculwe Committee who oct os the Trvstees ol the Gurdwora. The'Holding Trustees" hok4 the chorivs property ondloT land in their nome bvl do not loke part thè menogèmènt of thè chorfty. Accordngty all references to the'Trustees" refer lo Ihe'EKeculive Committee.. Rhk munagem•nl The ITUStees have assessed the major risks to which the chority ts exposed. in porliculor those rek)ted to the operations ond finances of the C￿￿lIty. and are sotisfied thot 5yslem5 and procedLKes cye in ploce lo miligole exposure to the major rsks, steps hove been loken to further strenglhen Ihe yocedure5. Poge 2 GURU TEGH BAHADUR GURDWARA REPORT OF THE TRUSTEES For The Perfod l Junvary2023 to 30 Seplember2023 PRINCIPAL OBJECTIVES AND AcnvinES The chariws objec15 are lo promote the Sikh rduion in the city ol Lelcesler by the followi￿ trÈans and by such other meons as Ihe Truslees shall think fit-. ol The maintenonce of o tempb ofworship-. bl The celebrolion ol SiTrh ref@ious festivals: cl The conduct ol buplism, marriage ond funerol rites in occordonce with the Sikh religious obseNonce: dl The establishment ol a fibrary conlaning books in Puriabi ond English on STrh rèligion. history ond cutture., el The in5tnJctDn of chik*en and adults in sikh relvJKsus principles and promoting the appI￿allon ol th0￿ princ￿1￿$ 98neralty lo relolion5hips wElhin cnd ou15KJe the SiTrh Community. The trvsleas hovo given c(xsiderotiori lo Ihe guidorre on pubhc benefit ￿$Ve￿ by the Chority CommNDn and consider Ihol the Gurdwaro sot15f￿$ the requirements of pubfic benefit by Ihe obove oclivi1￿$ and also IFwough Ihe of occes5 to any membei of the geneiol public ncluding do1￿ free meats. ACHIEVEIAENTS AND PETtFORMANCES Revlew ol (KI￿511e$ Dwng 2023 the chority hos conlinwd to proMde the services and lacilitEs required lo ensure Ihal the regukjr w￿hIp. wedding ceiemonies. SKih feslivals, fvneral riles and othei need5 01 the CQTvJregotion ore met. The doy to d(ry oclivitie5 hove been plonned ond execvted porallel *0 the moinlenance progrom. The Mala Gujri knbrory 15 situated wlhn the Gurthara. hos continued to serye the Commurmly and i￿pire lulure generotion5. The Effort5 and deofrcalion ol Librarian Amrtlpal oynd his leom 15 commendable. ￿￿rOry contirKwd to IIoLrsh ond has become o POPLlar octivty. Book of the week 15 reviewed online to promose inleresl. As per the tradition of every Gvrthvoro the free kitchen 5eryice langar ￿ provided lo all who Mish lo portoke regardless of religion ond belief. Under the guidance ol appointed Kitchen Secretory Harbons KoLff. voluntèers continued to wc tirelessty lo ensure food wu5 prepored safely und delivered in o sole manner. The complete buikl pbn new kntchen design ore in place and renovolion wll commence Short￿ h th& new yeor. The Panjobi School continue5 to be a popular serwice. Training on cunicujum chonges wll contiNJe in due course 0$ ond when lime permit5. Le5stsn hove resvmed ond pupi15 (Ye following the GCSE and A level cufflculum. The 3rd floor Educalion Centre has been womty receNed by oll those who Msit. Sofeguording wothshop5 wil be run wng forw(xd lo roise oworene55 of 5afeoutsrdirng in the Community ond the Membe￿. Nagar Kirton evenl hos resumed in X123. Events are planned well in advance gnd wtlh o m￿lager￿Y leam approach lo ensure oll risks are resiewed ond monoged. Dfyvafi celebration5 10(* k4oce in October 2022. Slartwg in 1992. Ihere is a specKI evening relig￿V$ progromme lo celebr(rte the $tor ol the new year on 31st December. Along with Votsokhl. Dwoli. Gvru Nonok Dev Ji's Gurpurb, GurLt Cobind Singh Ji s Gurpurb, Ihe progromme on the eve ol Ihe new year is attended by high numbers of he congregation. Ihe sncowect in51olloilon cl the stawcose In 2012 hos ¢oused complexities thot need to be oddressed lo ensure Safety of membe￿ ond Sangot. Tris wll need to be monaged in future and is reported lo ertsLxe that futLJre Trustee keèp in mind Ihat this ￿ on imp(xl maintenance F>oinl lo be oddresse5 when budgets allow. Resolution for weekend car parking ￿5Ve$ to improve acce5S to Ihe Guidworo for Songot continuès to be o priority, thg Leice51er Street Car Polk is now Used by Songot members at at Ihe Weekend and on Man Ce￿bratiorts. Page 3 GURU TEGH BAHADUR GURDWARA REPORI Of THE IWSYFES ForTh• Pèrlod l Janvory 202310 30 September 2ty23 Wedding Holl and the second kitchen have been completed ond will be used lor the main Longor oclivities whitst the Moin fitchen and Lawar Hall are renovoled. Special Note of Ur9enl Ndotterto report.. The oppeorance of o poster during the Vasokhi Nogor thton120241 ha5 leod to an invesligolion into the Chorfty by the Charity Commsshjn. The trustee5 hove been open ond Iransporent wth th6 Sangat (2nd the Churities comm￿10n and ore continuing lo work con51ruclively to resotve Ihe ltrnl hove been highfighled lo the Trust. Trustees hove an obligolk)n lo protect thè assets ond the repulotion of the Charity. Renewod Qworen￿$ ol thls hos leod lo the Chority revEwing ils reloliowhip with the Sikh Community Centre. For many decodes the Sikh Community Centr& hos benefited from Ihe sheFl¢r ond 5UPPOrt of the Gurdwara. The Direclors of Ihe Sikh Commvnity Centre consider the Sikh Community Centre to be o Private Company. independent of the Gurdwaro. Ihis w05 only declored to the Gurthara Trugtees in Febyuary 2￿4. The Gurdwcyo ts continuing lo seek resolulions wth the Skh Commrrity Centre over its occvponcy of port ol Ihe Gurdwara. FINANCIAL REVIEW riro the year the Gurdwuo received inrome of £847.372 12)22 - £1.049,3571. This was used lo meel expenses amovntlng to £686.47112022- £806,2561 resulling #i o nel surplus of £7￿.90112022- £243.1071. Resen￿ pollcy Ihe T￿slee$ have exomined the requirements lor free reserves whlch are those unresmclod funds nol Invesled in ffxe 0$5ets IY olherwq5e committed. The Trustees, poficy ts to mointoin adequate reserves for the operatio￿1 expenditure. This posit￿n conthnve lo be rewewe¢. FUTURE 08JECIIVES Fund ro￿ng lo COmp￿•e the buld projgct. Promole tho Molo GuIri Library lo support literocy ￿ the Communlty To support ljlingvol chddren who speak P￿labl lo be confident in commvnicolion in Iheir mother tongue To continue with normd actr*itie5 at Ihe Gurdworo and support membtrrs ond congregolion. Avtornation in the Kitchen 10 5UPPOrt the agiw songot ond drive to enc¢XKO9ts sewo aclNities in the next generat￿rn m￿h needed lo ensure Wcces￿on plonning lorthe Chc￿ty, Poge 4 GVRV IEGH BAHADUR GURDWARA REPORT OF THE TRUSTEES ForThe Perfod l Janvryy 2023 10 30 Seplember 2￿23 STRUCTURE. GOVERNANCE AND MANAGEMEKr Changes In the Board olTrvJtee¥ As per the Comlilulion. electron took place on 25th September 2022. As o resvll of these election a new CommtFlee wos oppointÈd ond thèir term in office commèncéd on 6th October 21r22. The Membery of the elected commillee ore as outlined below.. Pr•$ldenl Raj Monvinder Singh eommenced office 8th October 2022 Vke Presklenl Gumam Singh commenced office 8th Odober 2022 Generol Secrdury Mukhtiorsingh commenced 8th Oc*ober 2022 Assl*an* General Secrelary Sotwindei Singh Deol oppointed 8th October Flnonce Secretory Paramjit Singh Roi commenced 8th Oclober 2022 Asslstanl Flnance Secretary Tor5em Singh Dhodwgr cornmenced 8th October 2022 Sluge Seeretryy Harminder Singh commenced 81h October 2022 ASSI￿onI stage 5ecthry Polwinder Kcjur commenced 8th October 20 Edut(thon Sècrètory Ameryil SNigh Minh05 commenced 81h October 2022 Mulnlenunce Secretory Sukhiinder Singh commenced 8th Octobèr 2CY22 Slor• and Klkhen S•crelary Horbons Kour commenc¥d 8th October XJ22 lI￿ortan Amrilpal commenced 8th Oclober 2D22 Sports secietary Boliit Singh commenced 8th October 2022 Membtts Gumek Singh commèr)ced 8th October 2022 Tajinder Ka￿ Jagdev commenced 6th October 2022 Kortgr Singh Bring commenced 8th Oclobei 2022 Hordiol Singh commenced 8th October 2022 Pogg 5 GURV TEGH OAHADUR GURDWARA REPORT OF THE TRVSTEES For Th• P•rfod l Jtsnuory 2ty2310 30 Septembei 2023 Approved by order ol the board oftrustÈe5 on 30 September 2024 and signed on its beholl by.. Rol Monifjndersi￿- Tlustee Page 6 GURU TEGH BAHAOUR GURDWARA TRVSTEES. RESPONSIBILfFY STATEMENT For th• P•rlod l January 2￿23 to 30 5•pIemb•r2￿3 Ihe t￿Stee$ are responsible lor preparir¥g the Report ol the Trustees ond the finoncial stotements in occordonce with appI￿oI￿e kjw ond Uniled Kingdom Accounting SIc￿dards Iunited Kir)gdcxn Generolly Accepted Accountro PrOcl￿e1- Ihe low oppl£oblè to Charit￿1 irn Englond ond Walès. thè ChaTTI￿$ Act 2011, Chority (Accovnli ond Rèports) Regulatic￿5 2￿8 and the provisions ol the t￿$1 deed requwes the trJstees to prepore finoncial statements for each financiol yec* wtrlch give a twe and fair view of the 5tute of off0￿ of the chority and ol the incoming resources and applicolion of resources. ncluding the income ond expenditure. ol Ihe charity f(K Ihat period. In preparing Ihose ffnaneiol slolemenl5. the t￿￿ee$ ore required to select suitable occowling p0￿cleS and then opply them Consistent￿., observe the methods ond principle5 in Ihe Charity 50RP,' mc*e judgemenls and eslimale5 that are reosonoble and yudent.. state whether opplicable accounting 5tondords truve been fdbwed. 5ubiecl to any material deprylures d￿ClOsed ond explained in Ihe linancitsl slolements.. prepore *he finonaol statements on the going concem basis unless inoppropriale to Presume thol the chority wlll continue in busines5. Thè tru51eÈs ore responsible for keeping proper occountlng records which disclose wth reasonoEJg OCCWOCY ot ony lime Ihe financiol position ol the chorily ond lo enoble them to ensure Ihol the financiol slalemenls comply wilh the ChorftEs Ael 2tsi 1. the Charity IAccount5 tsnd Reportsl Regulation5 XX)8 and the provisions ol the Irv5t deed. They are otso responsible for sofeguording Ihe assets ol the charity and hence for toking reosonoble sleps for the rxevention ond d&lectb)n ol Iro(Kl ond other 1rregvtht￿s. Poge 7 REPORf OF THE INDEPENDENT AVDITORS TO THE TRVSIEES OF GURU TEGH BAHADUR GURDWARA Oplrfon We have ovdiled the ffnonciol stalements of GtJrv Tegh Bohgdvr Gurdworo Ilhe 'choTily'l for the period ended 30 September 2023 whth comprise the Statement ol Financial Actr¢ities. th6 Batance Shèèt. the Cash Flow Stotement and note5 to the financial slalemenls, including o summary of 5ignifican* accovr*thng policie5. The fnancial reporling framewoth thot ho5 been opplied in their preparation ￿ opploable 1(N ond Untled fngdom Accounting Standards (United Kingdom Generally Accepted Acccxjnting Procticel- In OLW opIn￿n Ihe financiol sto1¢m￿ts- o truè and lair VIÈW of the stote of the charivs aFt0Th5 a5 al ￿ September Y)23 and of its yicoming re50urce5 and opplication ol resources, for the period then ended- have been properfy prepared in accordance with United Kngdom Generolly Accepfed Accountng Prac*ce', and have been prepared in occordonce wlh the requirements ol Ihe Charilies Acl 2011. Baslslor opknlon We conducted txr audit in accordance wth Inlem(Jlionol Stondards on Auditing IUKI ILSAS IUKII and op￿ic￿)Ie Our responsiblties urKler those stondord5 a￿ further described in Ihe Audito￿, responsibilities f¢y the ovdit of the ffnoncial statements section ol our report. We ore independent of the c￿ty in occordance with the ethical requirements thol are rglevont to our audit of the ffnancial slolements in Ihe UK, includK)g the FRC'S Ethi¢¢l Stondud. and we hove hjhllled our other ethical respon5ibililies in occc*donce wilh Ihese requiremenls. We believe Ihal the audit evidence we hov8 obtoinèd is sufficiènt ond opproprirjte to provide a bosit for OLf opinlon. Concluylons ￿laN1v￿ to golng concem In oudthng the financlal stolemenls. we hove concluded thal Ihe InJslees' use of the going concem bosis ol OCCOLmtin9 In the preparation of the fir￿￿¢101 sfotemen15 is appropriate. Based on the work we Wjve performed. we hove not identified any moteriol uncertainties re1aling to ev&nt5 or conditions Ihol, ithiduolw ￿ colbctivety. mcty cast signifjcont doubt on the chcriW5 obility lo continue os o going concem for o perFod ol ot *st fvRlve month5 trom when Ihe financ￿1 stat•m6nts ara aulhorised lorissv¢. Our responsibikties (￿d tt)e respornsibilithes of the I￿Stee$ wlh respecl lo gang conc8m ore descrfbed the rdevffil sections of th￿ report. Olhei lrfom)atlon The trustèes are rèsponsde for the other infofftiotKJn. Ihg other inlomiolh)n compri98S the information Included in the Annual Report. olher than the financial slolements and OLW Report ol the hdependent Auditor5 thereon. Our opinion on the finoncial slalements does not covor other inlomotion ond. except to the extent olh&Mqse explicitly sloted in our report. we do not express any form of 055uronce conckJsion Ihereon. In connection %%ilh our oudit ol the finon¢lol $totements. responsib￿￿/ is lo reod the other infom01￿ and, in doing so. eoniider whether the other inlomation ￿ moterially licon5￿*&ThI wth thè financial statement5 or ow kry￿￿edge obtained in the audit or olheN*ise appeots lo be moterially misstated. 11 we identify such matericl inconS￿lenc1&s or oppoient mate￿1 mi5Stolemenls. we are required to delemiine whelher th￿ gives rise lo a maleriol m￿Statement in the financial statements themsefve5. tf. bosed on Ihe work w& have pèrformed, we concluole Ihof there is o malerol mwlolemenl of this other nfomolK)n. we ofe ieqLired to report that fact. We hove nothing to ieport in Mis regord. Mattets on whkh w• or• i•qulr•d ￿ Mport by èxtèptlon We have nothing lo report in respect of the following Matte￿ where the Charit(es IA¢count5 ond Report51 Regulations 2C08 requ¥e5 US to ieport lo you il, in our opinion.. the information givw) in thè Rèport ol the Tru5tee5 15 irc¢)n5iStenl in any moleriol ￿SpeCI with thg rnc¥￿1Ql 5totemenl5,' or sufficient O¢co￿lIng recc*ds hove not been kepl.. or Ihè finoncKI Statements are not in ogreemenl wilh Ihe accounting rerords ond return5- or we tr￿ve received al the informalion and eyplonctk)ns we requre ftrour al￿11. Page 8 REPORT OF THE INDEPENDENT AUDITORS 10 THE TRUSTEES OF GURU IEGH JAHADUR GURDWARA Resp¢nslbllllles of Iwslees A5 exploined more fully in the Truslees, Responsibl￿tIeS Slotement, the trustees are respons1k￿8 lor the preparation ol the finoncial 5totement5 which give o true ond loir view, und lor such intemol control as the I￿$tee5 determine 15 necessary to enable the preparation ol finoncial slolements Ihol ore free from moteriol mI￿tatEMent. whether due lo fraud or err(x. In preparing Ihe financial stolemenls. the trustees ore r￿ponsib￿ lor 055e55ing the chcritvs obifity to continue oi o goiro concem, disclosing, os applicable, rmIle￿ related lo goin9 concem ond using Ihe going concem basis of occounling unl&ss the Iruslee5 either inlerKI lo louidote the chority or lo cease operolions. u have no re01i4t￿ alterrKJlive but to do so. Ovr responskUllt•sforthe *wdltd the finon¢lal sl)23 nor for the year ended 31 December 2022. Trustees. expenses There w6re no trugle&s' eypen5e5 p(Jid for the period ended ￿ Seplembgr 2023 nor lor the yeor erKled 31 December 2022. STAFF COSTS Period 1.1.23 lo ).923 Ygor ended 31.12.22 Woges cnd 5olories Social security Costs Other pension c0515 176,657 3.912 2,738 221015 8,155 3.577 183.307 233.747 Poge 18 continued... GURU TEGH JAHADUR GURDWARA NOTES TO THE FINANCIAL SIATEMENTS . eonllnutd The Perfod l Jonuary 2Q2310 30 September 2023 STAFF COSTS - conllnued The overage monthly number of employees during the period w(ts as follows: Petiod 1.1.23 to .9.23 Yeor ended 31.12.22 Priests IGianisl other 14 22 19 No employees receN8(J emoluments in exce$s ol £d).C(X). io. COMPARATIVE5 FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestiicled fund Reslricled fund Tolal Ivncts INCOME AND ENDOWMENTS FROM Donolions and legac￿$ 884,852 164.X)5 1,049,357 EXPENDITURE ON Raising funds 43,223 43.2 Charfluble actmlles Choriloble octivtiies Support costs Govemance 739,744 731 22,558 739.744 731 Told 806,256 806256 NEI INCOME 78.596 lo4,￿5 243,101 RECONCIUATfoN OF FUNDS Totol lundg brought Iotward 3.107.941 183,3)3 3.291,244 IOTAL FUNDS CARRIED FORWARD 3,186,537 347,808 3,534.345 Poge 19 continued... GURU TEGH BAHADUR GVRDWAf¢A NOTES TO THE FINANCIAL STATEMENTS- contknved For The Perfod l Janvary2023k4 30 S•pl•mber 2023 TANGIBLE FIXED ASSETS F￿ehol lond & bul￿ng$ FLXtures ond fftlings hAotor vehicles Solor panels Tol¢ls COST At l JarKKYy 2023 Addition5 4.197.658 433,564 617.365 13.788 47,737 149,964 5,012,724 447.372 At ￿ September 2023 4.631,242 631,153 47.737 149.964 5.460.096 DEPRECIATIOPI At l Jonuory 2023 Charge loryear 1.018.796 62,317 535.390 15,176 47.737 54.708 4.499 1.656.631 81,992 At XJ September 2023 1.081.113 0.566 47,737 59,207 1.738,623 NET BOOK VALUE Al S) september 2023 3.5S),129 80.587 90.757 3.721.473 Al 31 December W22 3.178.862 81,975 95.256 3.356.093 12. DEBTORS,. AMOUNTS FALLING DUE WITHIN ONE YEAR Other debtor5 Prepayments ond aCc￿￿d income 21,705 49,103 32.818 5S.509 13. REDITORS: AMOUNTS FALUNG DUE WITHIN ONE YEAR 2023 2022 Bank k)ans and overdrofts (see nofe 151 Trade credito Social securily and other*oxes Woge control Other crèdito AccruoL4 and defeThed income 28.124 156.895 2.185 12.956 801 30.3 28.786 50,280 6.(￿7 15,135 968 16.134 231.356 123,XJ4 Page 20 Contin￿d... GURU TEGH BAHADUR GURDWARA NOTES TO THE FINANCIAL SIATEMENIS- contlnued For The Perfod l Janvary 2023 10 30 Seplember 2023 14. CREDITORS.. AMOUNTS IALUNG DUE AIIER MORE THAN ONE YEAR 2023 2022 Bank bons15ee nole 151 438.566 4Sg.997 15. LOANS An an0￿$ll of the molurity of loons is gÈven below: 2023 2022 Amoun15 faling due wilhin one yearon demand.. Bonk loan5 28.124 28.786 Amount5 folling due befvveen oncl five year5.. Bank k)ans- 2-5 yea 438.566 458.997 16. ANALYSIS OF NET ASSETS BETWEEN FUNDS 2023 Totol lund5 2022 Tolol fund5 Unre51ricted Ivnd Restricted fund xed os5ets Cvrrenl ¢ssets CU￿nI liabilities Long lem liabill￿S 3.562271 019,877 170.5551 1437,6441 3.356.093 760.553 1123.3041 1458.9971 3.674.049 3.534.345 MOVEMENT IN FUNDS Nel movgm&nl in fvnds At 30.9.23 Al 1.1.23 Unfestrlcted Ivnds Geneiol fund 3,186,537 14,0491 3.182.488 R•￿￿¢t•d Ivnth ilding fund 347,808 164,950 512,758 TOTAL FUNDS 3,534,345 160,901 3.695.246 Page 21 continued... GVR41 TEGH BAHADUR GURDWARA NOTES TO THE FINANCIAL STATEAIENYS- conmnved For The Perlod ? January 2tyI3 to 30 S•pl•mbw 2023 17. MOVEMENI IN FVNDS- conllnued Net movement in fvnd$. included in Ihe above are 05 foknvs.. Incoming resoLKces Resources expendecs Movernenl in funds Vnieshfjcted fvnth Gèneral fund 682.422 1686.4711 14,0491 Re$l￿ted funds fund 164,gS) 164,950 TOTAL FVNDS 847,372 1686.4711 160.901 Comparalfv•s f¢r mov•m•nl kn Ivnds Nel movement funds Al 31.12.22 Ati.i.r2 unre￿rICIed funds Generol fund 3,107.941 78.596 3,186.537 Restrlcted lund5 Building fund 183.3J3 104,505 347.808 TOTAI FUNDS 3.291.244 243,101 3.&34,345 ComparolNe nel movemenl in Lnds. included in the above are as follows.. tncoming resources Resource5 expended Movemenl in hJn¢Js Unreslrfcled funds Generol fund 884.852 1806.2561 78.596 Resmcted funds Building fund I64.￿15 I64,￿5 TOTAL FUNDS 1.049.357 1806,2561 243.101 The 5pecifK purposes lor which Ihe fund5 are to be appligd ore 05 follow5.' The r85tricled fLrKJ5 represent donations and omounls gpien to the Gurdworo which hove been givèn on Ihe bosis Ihot Ihey wll be used spectheally lowords thg mojor improvemenls lo thè bUild￿g5. Page 22 conlinved.. GVRU TEGH BAHADUR GURDWARA NOTES TO THE FINANCIAL STATEMENTS- conlinued Fc* The Perfod l Jonuory 2023 to 30 5eplembei 2023 RELATED PARff DIKLOSURES The￿ were no rdated party Ira￿aCtIonS for Ihe year end8d &) September 2023 nor lor Ihe ye(¥ ermyed 31 December 2022. Page23 GVRU TEGH BAHADUR GURDWARA DEtAILED STATEMENT OF HNANCIAL ACTIVIFIES F¢r The Perfod l 21Y23 to 30 September 2023 Period 1.1.23 to 30.923 Yeoren ded 31.12.22 INCOME AND ENDOWMENIS Donallons and legacles Chorowg box DonolioN ona ofl$ringS Gift Aid 272,SM 494.874 63,794 431,909 534,056 83,392 831.172 1,049.357 Olher trodlng acifvif•s Rents receNed 16,200 lotol Incomlng rwwces 847.372 1.049.357 EXPENDITURE Ro￿n9 donattons and ￿90clOS Administrotive sloff solaries Printing. poslage. stotionery and odvertising cosf5 29,524 3,568 4.801 33.726 43.223 Chgrttoble ocllvlmes Woges Sociol secwty Pensions Olher operating le05es Roles ond woter Insurance Light and heat Telephone Repoirs ond mointenonce Sundries Foocl orKI provi510ns c￿aning and p8St control Pvnjobi sckuol & librory resource5 Transport seNices Gran15 ofKJ donatio￿- Institutions Security Speciol ¢vents ond religiOV5 hjnclions Depreciolion charge Corried loword 147.1&3 3.912 2.738 883 20,176 10.570 73,630 188.979 8,155 3.577 70246 9.978 35.286 2.786 16.680 941 151,918 8.932 6.508 9.921 19,140 4,8&5 112.5CK8 10,146 713,465 19,068 135.625 2.745 3.￿7 9,824 15.551 4,686 74.439 81,992 6J8.&35 This page doe5 not lomi port of the slolutory fwncial stalemenls Poge 24 GURV TEGH BAHADUII GURDWARA DETAILED STATEPAENT OF HNANCIAI ACTEvmE5 Fov The Perfod l Januory 2023 to 30 S?pl•mbw2ty23 Period 1.1.23 Yeoren ded 30.9.23 31.12.22 Chorflable actfvllles Brought lo￿Ord Bank loon interest Bonk chorges 608B35 26.460 3,775 713,465 21.402 639L170 740.475 Support cos15 Govwnance cosls Auditor5, remlrerotion Accournloncy Legal & wofes5ional 5.175 4Th3 10,465 13.675 Tolol resources expended 686,471 6,256 Net Sn¢ome 243.101 TFxs page does not fom port of the stotulory fnarncial statements Poge 25