2020-12-31-accounts - Gurdwara Guru Nanak Parkash, Coventry

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	Page	Page
Report ofthe Trustees	1	to	6
Report ofthe Independent Auditors	7	to	9
Statement of Financial Activities		10
Balance Sheet
Cash Flow Statement		12
Notes to the Cash Plow Statement		13
Notes to the Financial Statements	14	to	20
Detailed Statement ofFinancial Activities	21	to	22

				2020	2019
				Unrestricted	Total
			Notes	fundf	funds
INCOME Donations	AND ENDOWMENTS FROM and legacies			299,159	568,517
Investment	income			14,700	11,400
Total				313,859	579,917
EXPENDITURE ON Raising funds				227,279	433,172
Charitable General	activities			16,790	19,595
Other				28,160	29,865
Total				272,229	482,632
NET INCOME				41,630	97,285
RECONCILIATION		OFFUNDS
Total funds brought		forward		4,331,379	4,234,094
TOTAL	FUNDS CARRIED FORWARD			4,373,009	4,331,379

		2020	2019
		Unrestricted	Total
		fund	funds
	Notes		8
FIXEDASSETS Tangible assets		4,565,940	4,580,753
CURRENT ASSETS Debtors Cash at bank and in hand	10	33,303 159,622	63,262 113,741
		192,925	177,003
CREDITORS Amounts falling due within one year		(32,113)	(69,173)
NET CURRENT ASSETS		160,812	107,830
TOTAL ASSETS LESSCURRENT LIABILITIES		4,726,752	4,688,583
CREDITORS Amounts falling due after more than one year	12	(353,743)	(357,204)
NET ASSETS		4,373,009	4,331,379
FUNDS Unrestricted funds	15	4,373,009	4,331,379
TOTAL FUNDS		4,373,009	4,331,379

				2020	2019
			Notes	8
Cash flows from operating activities Cash generated &om operations Interest paid			I	95,675 (12,647)	103,448 (15,440)
Net cash provided by operating activities				83,028	88,008
Cash flows from investing activities Purchase oftangible fixed assets				(13,347)	(38,750)
Net cash used in investing activities				(13,347)	(38,750)
Cash flows from financing Loan repayments in year	activities			(23,800)	(30,648)
Net cash used in fmancing	activities			(23,800)	(30,648)
Change in cash and cash the reporting period	equivalents	in		45,881	18,610
Cash and cash equivalents beginning ofthe reporting	at the period			113,741	95,131
Cash and cash equivalents the reporting period	at the end	of		159,622	113,741

	RECONCILIATION	OFNET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES 2020 2019	OFNET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES 2020 2019	OFNET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES 2020 2019	OFNET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES 2020 2019	OFNET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES 2020 2019
						8
	Net incoine for the reporting Activities)		period (as per the Statement ofFinancial		41,630	97,285
	Adjustments for; Depreciation charges Interest paid Decrease/(increase) in Decrease in creditors	debtors			28,160 12,647 29,959 (16,721)	29,865 15,440 (18,625) (20,517)
	Net cash provided by	operations			95,675	103,448
2.	ANALYSIS OF CHANGES		IN NET DEBT
				At 1/1/20	Cash flow	At 31/12/20
	Net cash Cash at bank and in hand			113,741	45,881	159,622
				113,741	45,881	159,622
	Debt Debts falling due within 1 year Debts falling due atter 1 year			(45,585) (357,204)	20,338 3,461	(25,247) (353,743)
				(402,789)	23,799	(378,990)
	Total			(289,048)	69,680	(219,368)

	DOATIOS AND	LEGACIES
	NN		2020	2019I
	Donations Gift aid Job retention scheme Sundry income	grants	246,166 31,263 21,053 677	504,006 61,321 3,190
			299,159	568,517
3.	INVESTMENT INCOME		2020	2019
			8	6
	Rents received		14,700	11,400
4.	RAISING FUNDS
	Raising donations	and legacies	2020	2019
				f.
	Stalf costs Rates and water Insurance Light and heat Telephone Printing and stationery Sundries Groceries Publicity Motor expenses Repairs and renewals Nagar Kiitan expenses Donations		75,887 6,143 5,063 33,841 1,881 3,188 2,318 20,593 3,877 1,235 10,046 1,916 13,786 375	104,751 10,255 5,000 42,916 2,117 5,752 8,242 75,787 4,379 1,035 35,128 35,108 48,605 4,600
	Coach trips Teachers fees		4,984	16,185
	Carried forward		185,133	399,860

Raising donations and	legacies -continued
			2020	2019
Brought forward Education - books and publications Fabric and materials Professional fees			185,133 250 531 41,365	399,860 790 1,000 31,522
			227,279	433,172
CHARITABLE ACTIVITIES COSTS				Support
				costs (see
				note 6)
				8
				16,790
General
SUPPORT COSTS			Governance
		Finance	costs	Totals
General		13,070	3,720	16,790
Support costs, included	in the above, are as follows:		2020	2019
				Total
			General	activities
				f
			423	495
Bank charges Bank loan interest Auditors' remuneration			12,647 3,720	15,440 3,660
			16,790	19,595

				2020	2019
Gross Salaries ERNIC Staffpensions				73,738 1,515 634	100,294 2,912 1,545
				875,887	f104,751
Average number ofstaff				14	13
No employee received emoluments	ofmore than	f60,000 during the year.
TANGIBLE FIXEDASSETS	Freehold		Fixtures
	land and buildings	Long leasehold	and fittings	Motor vehicles	Totals
			8
COST At 1stJanuary 2020 Additions	4,308,304	47,705	578,608 13,347	45,338	4,979,955 13,347
At 31st December 2020	4,308,304	47,705	591,955	45,338	4,993,302
DEPRECIATION At 1stJanuary 2020 Charge for year	14,650 1,140	6,186 482	337,331 25,462	41,035 1,076	399,202 28,160
At 31st December 2020	15,790	6,668	362,793	42,111	427,362
NET BOOK VALUE At 31st December 2020	4,292,514	41,037	229,162	3,227	4,565,940
At 31st December 2019	4,293,654	41,519	241,277	4,303	4,580,753

Gurdwara GNP Temple (Hamall Lane) 99-103Harnall Lane Education Centre 8 Church Street 10Church Sheet Car Park Outside GNP Temple 1Lincoln Street	2,887,661 251,000 268,912 78,991 78,991 97,021 629,938
	84,292,514

10.	DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR	2020	2020	2019
	Prepayments	33,303		63,262
11.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR		2020	2019
	Bank loans and overdrafts (see note 13) Trade creditors PAYE and national insurance		25,247 225	45,585 1,774 2,032 1,482
	Pensions			6,198
	Wages Accrued expenses		6,641	12,102
			32,113	69,173
12.	CRKDITORSt AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR		2020	2019
	Bank loans (see note 13)	353,743		357,204
13,	LOANS
	An analysis ofthe maturity ofloans is given below:
			2020	2019
				8
	Amounts falling due within one year on demand: Bank loan		25,247	45,585
	Amounts falling between one and two years: Bank loan		353,743	357,204
14.	SECURED DEBTS
	The following secured debts are included within creditors:
			2020	2019
	Bank loans		378,990	402,789

MOVEMENT		INFUNDS
						Net
						movement	At
					At 1/1/20	in funds	31/12/20
							f,
Unrestricted General fund	funds				4,331,379	41,630	4,373,009
TOTAL FUNDS					4,331,379	41,630	4,373,009
Net movement		in funds, included in the above			are as follows:
					Incoming	Resources	Movement
					resources	expended	in funds
							8
Unrestricted General fund		funds			313,859	(272,229)	41,630
TOTAL FUNDS					313,859	(272,229)	41,630
Comparatives		for movement		in funds
						Net
						movement	At
					At 1/1/19	in funds	31/12/19
						6
Unrestricted General fund		funds			4,234,094	97,285	4,331,379
TOTAL FUNDS					4,234,094	97,285	4,331,379
Comparative		net movement	in	funds, included	in the above are as follows:
					Incoming	Resources	Movement
					resources	expended	in funds
						8	8
Unrestricted General fund		funds			579,917	(482,632)	97,285
TOTAL FUNDS					579,917	(482,632)	97,285

	2020	2019
	8
INCOME AND ENDOWMENTS
Donations and legacies Donations Gift aid Job retention scheme grants Sundry income	246,166 31,263 21,053 677	504,006 61,321 3,190
	299,159	568,517
Investment income Rents received	14,700	11,400
Total incoming resources	313,859	579,917
EXPENDITURE
Raising donations and legacies Gross salaries and national insurance	75,253 634	103,206 1,545
Pensions Rates and water Insurance Light and heat Telephone Printing and stationery Sundries Groceries Publicity Motor expenses Repairs and renewals Nagar Kirtan expenses	6,143 5,063 33,841 1,881 3,188 2,318 20,593 3,877 1,235 10,046 1,916 13,786	10,255 5,000 42,916 2,117 5,752 8,242 75,787 4,379 1,035 35,128 35,108 48,605
Donations	375	4,600
Coach trips Teachers fees	4,984 250	16,185 790
Education - books and publications	531	1,000
Fabric and materials Professional fees	41,365	31,522
	227,279	433,172
Other	1,140	1,140
Freehold property	482	482
Long leasehold Fixtures and tittings Motor vehicles	25,462 1,076	26,809 1,434
	28,160	29,865

		2020I	2019
Support costs
Finance
Bank charges Bank loan interest		423 12,647	495 15,440
		13,070	15,935
Governance	costs
Auditors' remuneration		3,720	3,660
Total resources	expended	272,229	482,632
Net income		41,630	97,285