Charity registration number 506845
GURDWARA NANAK SAR
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
GURDWARA NANAK SAR
LEGAL AND ADMINISTRATIVE INFORMATION
| Trustees | Mrs Manjit Kaur (President) |
|---|---|
| Mr Ranjit Singh (Vice President) | |
| Mrs Sukhjinder Kaur (Stage Sec.) | |
| Mr Jarnail Singh ( General Secretary) | |
| Mr Santokh Singh Dhillow (Assistant) | |
| Mrs Harjit Kaur (Stage Secretary) | |
| Secretary | Mr Jarnail Singh ( General Secretary) |
| Charity number | 506845 |
| Principal address | 4 Wellington Street |
| Pleck | |
| Walsall | |
| West Midlands | |
| WS2 9QR | |
| Independent examiner | Patara is a trading style of Andersons Accountant & Tax Adv |
| Enterprise House | |
| 352 Bearwood Rd | |
| Bearwood | |
| Birmingham | |
| B66 4ET |
GURDWARA NANAK SAR
CONTENTS
| Page | |
|---|---|
| Trustees' report | 1 - 2 |
| Statement of trustees' responsibilities | 3 |
| Directors' declaration | 4 |
| Independent examiner's report | 5 |
| Statement of financial activities | 6 |
| Balance sheet | 7 |
| Notes to the financial statements | 8 - 15 |
GURDWARA NANAK SAR
TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2025
The trustees present their annual report and financial statements for the year ended 31 March 2025.
The accounts have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the charity's governing document, the Charities Act 2011 and “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)” (as amended for accounting periods commencing from 1 January 2019)
Objectives and activities
The charity's objectives and aims of the charity continues to be to promote the teachings of the Sikh religion and to establish, organise and maintain for all persons whether members or not, religious and educational services and facilities.
The charity has also continued to be an integral part of the community and further increasing both awareness and cultural activities of the Sikh religion.
The policies adopted in furtherance of these objectives are the provision of a place of worship (Gurdwara) and there has been no change in these during the year.
The aim of the charity is to provide a place for the provision of public rituals and ceremonies for the benefit of the local Sikh community so they can practice their religion.
The objectives for the year is to provide a place of worship including provision of wedding ceremonies for the local Sikh community. To ensure that the Gurdwara is run in accordance with the wishes of the congregation.
The Charity raises enough money to be able to finance the running costs and loan repayments for the year.
Criteria to assess success of the Charity is the happiness of the congregation and the local Sikh community.
The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake for Public benefit.
The Gurdwara (Temple) carried out the following activities during the year: See Achievements and performance section.
The Gurdwara relies heavily on the use of volunteers from the community.
Achievements and performance
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The charity is fulfilling its main objective of providing a place of worship and for the provision of wedding ceremonies for the local Sikh community satisfactorily.
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The charity makes donations to local community organisations with similar objectives if and when required.
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The charity continues to hire the Community Centre for donation, which it owns and is adjacent to the Gurudwara for the purpose of providing community services and raise income to fulfil the objective of the charity.
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The community celebrates Gurpurabs every year with great energy along with the New Year celebrations.
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Nagar Kirtan is done during April / May each year.
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GURDWARA NANAK SAR
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025
Financial review
The Gurdwara (Temple) is funded by donations from the congregation as well as donations from the hire of the Community Centre. The charity is operating satisfactorily and has surplus funds.
It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month’s expenditure. The trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity’s current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year.
Structure, governance and management
The charity was established by a charitable trust deed (constitution) adopted 23rd April 1978, as amended 17th October 2009 and is an unincorporated association.
Under the basic principal of Sikhism the premises are open to all with restriction that no alcohol or drugs are allowed on the premises.
The charity is registered with the Charity Commission for England and Wales.
The trustees who served during the year and up to the date of signature of the financial statements were: Mrs Manjit Kaur (President)
Mr Ranjit Singh (Vice President) Mrs Sukhjinder Kaur (Stage Sec.) Mr Jarnail Singh ( General Secretary) Mr Santokh Singh Dhillow (Assistant) Mrs Harjit Kaur (Stage Secretary)
The trustees are appointed after wider consultation in the Sikh Community.
The trustees' report was approved by the Board of Trustees.
Mr Jarnail Singh ( General Secretary)
Trustee Dated: 17 March 2026
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GURDWARA NANAK SAR
STATEMENT OF TRUSTEES' RESPONSIBILITIES
FOR THE YEAR ENDED 31 MARCH 2025
The trustees are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England and Wales 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 of the charity for that year.
In preparing these 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 Charities 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; and
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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 operation.
The trustees are responsible for keeping sufficient accounting records that disclose with reasonable accuracy at any time the financial position of the charity and 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.
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GURDWARA NANAK SAR
TRUSTEES' DECLARATION ON UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
In relation to the financial statements which comprise the statement of financial activities, the balance sheet and the related notes:
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The trustees approve these financial statements and confirm that they are responsible for them, including selecting the appropriate accounting policies, applying them consistently and making, on a reasonable and prudent basis, the judgments underlying them. They have been prepared on the going concern basis on the grounds that the charity will continue in operation.
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The trustees confirm that they have made available to Patara is a trading style of Andersons Accountant & Tax Adv, all the charity's accounting records and provided all the information necessary for the compilation of the financial statements.
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The trustees confirm that to the best of their knowledge and belief, the accounting records reflect all transactions of the charity for the year ended 31 March 2025.
On behalf of the board
Mr Jarnail Singh ( General Secretary)
Director
17 March 2026
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GURDWARA NANAK SAR
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF GURDWARA NANAK SAR
We report to the trustees on our examination of the accounts of GURDWARA NANAK SAR (the charity) for the year ended 31 March 2025.
Responsibilities and basis of report
As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011.
We report in respect of our examination of the charity’s financial statements carried out under section 145 of the 2011 Act. In carrying out our examination we have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiner's statement
Since the charity’s gross income exceeded £250,000, the independent examiner must be a member of a body listed in section 145 of the Charities Act 2011. I confirm that I am qualified to undertake the examination because I am a member of ICAEW, which is one of the listed bodies.
We have completed our examination. We confirm that no matters have come to our attention in connection with the examination giving us cause to believe that in any material respect:
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1 accounting records were not kept in respect of the charity as required by section 130 of the Charities Act 2011.
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2 the financial statements do not accord with those records; or
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3 the financial statements do not comply with the applicable requirements concerning the form and content of financial statements set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the financial statements give a true and fair view, which is not a matter considered as part of an independent examination.
We have no concerns and have come across no other matters in connection 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.
Patara is a trading style of Andersons Accountant & Tax Adv
Enterprise House 352 Bearwood Rd Bearwood Birmingham B66 4ET 17 March 2026
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GURDWARA NANAK SAR
STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2025
| Unrestricted | Unrestricted | ||
|---|---|---|---|
| funds | funds | ||
| 2025 | 2024 | ||
| Notes | £ | £ | |
| Income from: | |||
| Donations and legacies | 3 | 344,474 | 327,206 |
| Expenditure on: | |||
| Raising funds | 4 | 400 | 250 |
| Charitable activities | |||
| Gurdwara Costs | 5 | 264,865 | 225,638 |
| Other expenditure | 10 | 10,623 | 6,539 |
| Total expenditure | 275,888 | 232,427 | |
| Net income and movement in funds | 68,586 | 94,779 | |
| Reconciliation of funds: | |||
| Fund balances at 1 April 2024 | 2,347,509 | 2,252,730 | |
| Fund balances at 31 March 2025 | 2,416,095 | 2,347,509 |
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
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GURDWARA NANAK SAR
BALANCE SHEET
AS AT 31 MARCH 2025
| Notes Fixed assets Tangible assets 12 Current assets Debtors 13 Cash at bank and in hand Creditors: amounts falling due within one year 15 Net current assets Total assets less current liabilities Creditors: amounts falling due after more than one year 16 Net assets The funds of the charity Unrestricted funds 17 |
2025 £ £ 2,222,340 67,781 225,448 293,229 (38,113) 255,116 2,477,456 (61,361) 2,416,095 2,416,095 2,416,095 |
2024 £ £ 2,049,202 61,928 349,819 411,747 (33,960) 377,787 2,426,989 (79,480) 2,347,509 2,347,509 2,347,509 |
|---|---|---|
The financial statements were approved by the trustees on 17 March 2026
Mrs Manjit Kaur (President) Trustee
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GURDWARA NANAK SAR
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
1 Accounting policies
Charity information
GURDWARA NANAK SAR is an unincorporated charity registered with the Charity Commission for England and Wales with Charity number 506845.
1.1 Basis of preparation
The financial statements have been prepared in accordance with the charity's governing document, the Charities Act 2011 and “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)” (as amended for accounting periods commencing from 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 applying FRS 102 Update Bulletin
1 not to prepare a Statement of Cash Flows.
The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.
The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.
1.2 Going concern
At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
1.3 Charitable funds
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.
1.4 Income
Income is recognised when the charity is legally entitled to it after any performance conditions 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 recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
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GURDWARA NANAK SAR
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025
1 Accounting policies
(Continued)
1.5 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, 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 classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.
Governance costs includes legal and professional costs which are not capable of being allocated to any charitable activity.
The charity has only a few relevant activity categories on which resources are expended and as such the costs between the different categories are easily allocated without the use of any method of apportionment.
Place of Worship
The charity provides a place of worship and provision of wedding ceremonies for the local Sikh community.
Donations
The charity provides small amount of donations to local community organisations with similar objectives.
Religion Promotion
The charity carries out various events to promote the basic principles of the Sikh religion.
Investment Income
The Gurdwara has a Community Centre within the vicinity of the temple to generate donations for it's hire to fund activities of the Gurdwara.
1.6 Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Freehold land and buildings See below Fixtures and fittings 15% Reducing Balance Motor vehicles 25% Reducing Balance
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.
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GURDWARA NANAK SAR
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025
1 Accounting policies
(Continued)
No Depreciation.
No depreciation is provided in respect of freehold land and buildings. The charity has a policy of regular maintenance and repair, so that the asset maintains its performance standards. The assets are not expected to suffer from economic or technological obsolescence and the estimated residual values are material. An impairment review is carried out annually on the tangible fixed assets other than non-depreciable land), at the end of each accounting period, where: - no depreciation is charged as it is deemed immaterial because of the length of the remaining useful economic life or where the estimated residual value is not markedly different from the carrying amount; or - the tangible fixed assets estimated useful economic life exceeds 50 years.
1.7 Impairment of fixed assets
At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).
1.8 Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
1.9 Financial instruments
The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Basic financial liabilities
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
1.10 Employee benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
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GURDWARA NANAK SAR
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025
2 Critical accounting estimates 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 sources. The estimates 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 period, or in the period of the revision and future periods where the revision affects both current and future periods.
3 Donations and gift
| Unrestricted | Unrestricted | |
|---|---|---|
| funds | funds | |
| general | general | |
| 2025 | 2024 | |
| £ | £ | |
| Donations and gifts | 275,075 | 260,441 |
| Grants receivable for core activities | 69,399 | 66,765 |
| 344,474 | 327,206 | |
| Donations and gifts | ||
| Donations and gifts | 271,125 | 256,591 |
| Donations and gifts in Kind | 3,950 | 3,850 |
| 275,075 | 260,441 |
The Charity receives gifts in kind mainly in the form of food as part of the congregational offerings. These gifts in kind are used as part of the free langar (food) and as part of the items required in the day to day running of the Gurdwara (Temple). The amount involved is not material in relation to the total incoming resources. The gifts in kind of food offering has been estimated in the accounts.
The charity has not received any legacies during the year.
| Grants receivable for core activities Gift Aid |
69,399 69,399 |
66,765 |
|---|---|---|
| 66,765 |
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GURDWARA NANAK SAR
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
4 Expenditure on raising funds
| Unrestricted | Unrestricted | ||
|---|---|---|---|
| funds | funds | ||
| 2025 | 2024 | ||
| £ | £ | ||
| Fundraising and publicity | |||
| Fundraising agents | 400 | 250 | |
| 5 | Expenditure on charitable activities | ||
| Gurdwara | Gurdwara | ||
| Costs | Costs | ||
| 2025 | 2024 | ||
| £ | £ | ||
| Direct costs | |||
| Depreciation and impairment | 11,163 | 10,546 | |
| Rates | 18,767 | 18,222 | |
| Heat and Light | 66,512 | 47,164 | |
| Property Insurance | 7,513 | 7,432 | |
| Food Supplies | 71,347 | 53,809 | |
| Wages and NIC | 34,345 | 34,073 | |
| Repairs and Maintenance | 46,366 | 42,979 | |
| Telephone | 1,090 | 1,148 | |
| Motor and transport expenses | 2,105 | 1,529 | |
| Cleaning and sundry expenses | 5,393 | 7,842 | |
| Stationery | 264 | 894 | |
| 264,865 | 225,638 | ||
| Analysis by fund | |||
| Unrestricted funds | 264,865 | 225,638 |
6 Description of charitable activities
Gurdwara Costs
Provision of place of worship and wedding ceremonies for the local Sikh community.
Donations
The charity provides small amount of donations to local community organisations with similar objectives.
The charity promotes the basic principles of Sikh religion.
The Gurdwara has Community Centre within the vicinity of the temple to generate additional income to fund activities of the Gurdwara.
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GURDWARA NANAK SAR
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
| 7 | Net movement in funds | 2025 | 2024 |
|---|---|---|---|
| £ | £ | ||
| The net movement in funds is stated after charging/(crediting): | |||
| Depreciation of owned tangible fixed assets | 11,163 | 10,546 |
8 Trustees
None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.
9 Employees
The average monthly number of employees during the year was:
| The average monthly number of employees during the year was: | ||
|---|---|---|
| 2025 | 2024 | |
| Number | Number | |
| Preachers | 3 | 3 |
| There were no employees whose annual remuneration was more than £60,000. |
10 Other expenditure
| Unrestricted | Unrestricted | |
|---|---|---|
| funds | funds | |
| 2025 | 2024 | |
| £ | £ | |
| Accountancy Fees | 1,025 | 950 |
| Independent Examiners Fee | 950 | 800 |
| Financing costs | 8,648 | 4,789 |
| 10,623 | 6,539 |
11 Taxation
The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.
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GURDWARA NANAK SAR
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025
| 12 Tangible fixed assets Freehold land and buildings Fixtures and fittings £ £ Cost At 1 April 2024 1,974,781 228,107 Additions 184,302 - At 31 March 2025 2,159,083 228,107 Depreciation and impairment At 1 April 2024 - 153,687 Depreciation charged in the year - 11,163 At 31 March 2025 - 164,850 Carrying amount At 31 March 2025 2,159,083 63,257 At 31 March 2024 1,974,781 74,421 13 Debtors Amounts falling due within one year: Prepayments and accrued income 14 Loans and overdrafts Bank loans Payable within one year Payable after one year |
12 Tangible fixed assets Freehold land and buildings Fixtures and fittings £ £ Cost At 1 April 2024 1,974,781 228,107 Additions 184,302 - At 31 March 2025 2,159,083 228,107 Depreciation and impairment At 1 April 2024 - 153,687 Depreciation charged in the year - 11,163 At 31 March 2025 - 164,850 Carrying amount At 31 March 2025 2,159,083 63,257 At 31 March 2024 1,974,781 74,421 13 Debtors Amounts falling due within one year: Prepayments and accrued income 14 Loans and overdrafts Bank loans Payable within one year Payable after one year |
Motor vehicles £ 27,608 - 27,608 27,608 - 27,608 - - 2025 £ 67,781 2025 £ 82,430 21,069 61,361 |
Total £ 2,230,496 184,302 |
|
|---|---|---|---|---|
| 228,107 | 2,414,798 | |||
| 153,687 11,163 |
181,295 11,163 |
|||
| 164,850 | 192,458 | |||
| 63,257 | 2,222,340 | |||
| 74,421 | 2,049,202 | |||
| 2024 £ 61,928 |
||||
| 2024 £ 97,722 |
||||
| 18,242 79,480 |
The long-term loans are secured by fixed charges over the Gurdwara premises.
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GURDWARA NANAK SAR
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
15 Creditors: amounts falling due within one year
| Creditors: amounts falling due within one year | ||
|---|---|---|
| Notes Bank loans 14 Other taxation and social security Trade creditors Other creditors Accruals and deferred income Creditors: amounts falling due after more than one year Notes Bank loans 14 |
2025 £ 21,069 174 2,195 12,700 1,975 38,113 2025 £ 61,361 |
2024 £ 18,242 156 1,650 12,160 1,752 |
| 33,960 | ||
| 2024 £ 79,480 |
16 Creditors: amounts falling due after more than one year
17 Unrestricted funds
The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.
| General funds Previous year: General funds |
At 1 April 2024 Incoming resources Resources expended At 31 March 2025 £ £ £ £ 2,347,509 344,474 (275,888) 2,416,095 At 1 April 2023 Incoming resources Resources expended At 31 March 2024 £ £ £ £ 2,252,730 327,206 (232,427) 2,347,509 |
|---|---|
18 Related party transactions
There were no disclosable related party transactions during the year (2024 - none).
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