REGISTERED CHARITY NUMBER: 512089 REP RT HE TRUSTEES AN NA DITED FINAN iAL TATEMEN R THEY "DED 31 MAR NA ARA Slllh & Co (Accounlants) Ltd Chartered Certified Accountarts Cash's BlnesS Centre 1st Floor 228 WiddTiwon Road CoN'enty' West Midlands CVI 4PB
NANAKSAR RDWARA MPLE 20 The tntee5 present their rewrt iiith the fIla1 slatements of tk chaTiti' for the )'ear eThled 31 March 2024. The tnteeS hai'e adopied tk proi'isions of Accouniing Rep)ning b). Chqrilies.. stalen1 of ReC0mnnded Prdctice applicable lo charities preparing accounts in aCcOrdae ivith t FInala] Reporting StaAlard applicable in the UK atxl Repubh'c of Ireland (FRS 102) (effectii'e l Jamwi 2019). ORTECTIVES AND ACTIVITIES Objectives and aims The objective of tk T¢nwle , as set out in t constitutioo is to serve the Coll1ty. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The clLqrity is contfolled by its governing doCun( a deed of trust Constit¢$ an Unl0)0rdt¢d charity,. RÈFERENCE AND ADMIMSTRATIVE DETAIts RegisteRTd Charit), number 512089 Principal addresg 224-226 FOLESHILL ROAD COVENFRY CVI 4HW Trnstees Mr S Uppal MrH Singh Mr B S Pandher Mr J S Dhillon Mr G S Berar Mr R Singh Mr S S Gill (deceased I I Mr K S Dhcsi Secretat). Mr D S Gill Trustee (apInt¢d 161912023) Independent Examiner Shah & Co (Accountants) Ltd Cknrtered Certified Accountants Cash's Business Centre 1st Floor 228 Widdrington Road Coventy West Midlands CVI 4PB APproed by order of the board of tnLStees on 6 Septen*)er 2024 a1 SAd on its belki]f by: Mr B S Pandher- Triistee
DEPENDENT INER, REP RT HETR TE Independent examiner's report to the trnstees of YIanalr Gurdivara Gurjilth Temple I [crt to the ch]1}, trustees on nD' eyamirotion of the accounts of Nanaksar Gurdwara Gursikh Tenle (the Tn) for year eThled 31 March 2024. Rupon$ibilities and basis of report As the charity InLStees of the Tn]si )'ou are res}s11e for PTeparation of the accounts in accordance Thith the TequirenKnts of Clwiti¢s Act 2011 Aa). I report in tespect of nw exuninalion of Tnjst's accounts carried oui u1¢r Section 145 of Act aTh1 in carrying out m). examiTtation E have follow'ed all applicable Directions gii'en h. the Cban'ty Commission uTrler Section 145(5)(b) of the Act. Independent examiner's sttennt Sirrc )'our charitv's gross ome exceeded £250.(K)O your c¥amir lllljst bc a llrnber of a listed body. I can conf that I am qualified to undertake the examitmtion because l am a nrntrr of the Association of Chartered Certifted Accountants, yhich is one of the listed Ix)dies. I hal'e completed examination. l Confirni that rn nLlterial lltter$ kn'e CO to my attention in connection Trth examination giving me cau5¢ to bcb'cve that in an% material re5pecL accounting records H"ere rnt kept in respect of tk TTUSt &$ required by Section 130 of tlr ACL or tk accounts do t accord Thith tly)se records: or tk accounts do mt compl) 7th th¢ applicable requirenrnts COeing the forni a1 content of accounts set out in the Charities (Accounts aNI Rep)rts) Regulatio 2008 other than arry reqUirennt the accounts give a Iiu¢ fair view which is not a rnatter coThsided as part of an I1¢XIent exatninatio I Ikive no concems aNI have conr across no otkr matters in connection with tk enIatiOn to which atterrtion slK)uld be drai in this report in onler to ernble a proper uNlerslaTrling of tl* accounts io be reached. Shah & Co (Accountants) Ltd Shah & Co {Accoutitants) Ltd Chartered Certifled Accounlants Cash's BUSI&8 Centre 1st Floor 228 IViddriDgton Road Coventi Wesi Midlands CVI 4PB 6 September 2024
NAN RDWARA TA F FIWA ENDED 31 1.1 2024 31.3.24 Unrestrkcted 31.3.23 Totsl Notes INCOME AND ENDOWMENTS FROM DonatioLs and legacies 412.846 343.199 Oth¢r trading activities ImT¢Stment iome 9,856 83.204 5,981 85,780 Total 505,906 434,960 EXPENDITtJRE OLY Raising fuNIs 44,171 42,347 Charitable activities Charitable activities 284.308 236.483 Tolal 328,479 278,830 NET INCOME 177.427 156,130 RECONCILIATION OF FUNDS Total funds brought foThTr'ard 4.279,693 4,123,563 TOTAL FUNDS CARRIED FORWARD 4,457.120 4,279,693 The leS fonn part of these financial siatements
20 31.3.24 UnTestricted 31.3.23 ToLqI Note5 FIXED ASSETS Tangible assets Investsnent prope 4.399.727 546,500 4,385,665 546,5(X) 4.946.227 4.932,165 CURRENT ASSETS Cash at bank in haNI 117.694 99.175 CREDITORS AnllnIS falling due within OK year (588.282) (770,166) (652,472) NET CURRENT ASSETS (489.107) TOTAL ASSETS LESS CURRENT LIABILITIES 4.457,120 4,279.693 4,457,120 4.279,693 NET ASSETS FUNDS Unrestiided fulS li 4,457,120 4,279,693 4,457,120 4,279.693 TOTAL FUNDS The fina1 Ststents Iirre approi'ed by Board of T[Sle¢S and authorised for issue on 6 Septenther 2024 arKt wete signed on its b¢baif b)": . Mr B S Pandher - Tnistcc Tr Tr)t¢s fonn part of these fmancial siat¢ments
TE LE E FINAN tAL STATEMEN 2024 RTHE ACCOUNTING POLICIES Basis of preparing the financial statements The fInCIal statements of the charil).. M'hich is a public benefit ethii)" under FRS 102, Iw¢ en prepared in accordae with the Charities SORJ) (FRS 102) 'Accounting and ReFM)rting bl, Clwities.. Ststenlll of ReC0mnndcd Practice applicable to charities prepating their accourns in accordance with the Fina12] Reporting Standard applicable in the UK and Republic of IreLqnd (FRS 102) (effectii'e l January 2019),, Finala1 Rertillg Standard 102 Financial ReN)rting Sthndard applicable in the UK Republic of Ilal, a1 tk Clwiti¢s Act 2011. Tr financial statennts have been ppared lller historical cost conventio Income All income is T¢tognised in Statellnt of Financial Activities offe clmrity. has etti1lennl the funds. it is probable that Ion be receil'ed and tk annI can be measured reliably. Expenditure Liabilities are recognised as eIllilUre as soon as there is a legal or constructive obligation committing the Ikqrity lo that eNyetMliture: it is probable that a transfer of economic betrfits will be required in settlennt and tlr anK)unt of thc obligation can be nrasured reliablTr". Expenditure is accounied for on an accruals basis and I been classified uTrler headings that aggr¢we all cost lated to the categor)". Where costs caniKtt be d1CtI). attributed to particular headings the). hai:e been allocaled to a¢tii'ities on a basis cOlster Mith tlr use of resoU¢s. Tangible fixed assets DeprecÉation is provided ai the following annual rates in order to Th'ri off each asset over its estinted useful life. InVestnllt prnperh. Invcstmerrt proFTty is sho1 at most recent iTa]uation. Atw awegate sU1S or deficit arising from changes in fair value is regnised in the Strtennt of Finala1 Activities. TtIOn Th¢ clurity is Lxen4)t from lax on its ¢lwritsble actiiities. Fund accounting Unreslrictcd funds w be used in cordae Thith th¢ clwitsblc objectives at discretion of tnjstees. Restricted futxts can onty be used for particular restricted puryx)ses Mithin the objects of charity. Restrictions arise Thhen specified by the dOT or Thhen funds are raised for particular restricted purpos. FUrtr eiT)IwMtion of the nature aNI purpose of each fuTrl is Ild in the 1¢5 to Ik finla1 slafrnr. Pension costs aDd other post-retirement benefits The chaTit)' operdtrs a defitd contribuuon pension scheme. ContzlbutioI pai'able to charity's nSIon scheme are charged to the Staknrn of FI131 ActiTrities in period to Th'hich rela.
NA in OTHER TRADING ACTIVTTIES 31.3.24 31.3.23 Farni Incom¢ 9,856 5,981 INVESTMENT INCOME 31.3.24 31.3.23 Rents receiv Dewsit account inteftESt 82,722 482 85,296 83.204 85,780 RAISING FUNDS Raising donations and legacies 31.3.24 SupN)rt costs 9,004 TRUSTEES, REMUNERATION AND BENEFITS There were no trustees, remuneration or other benefits for tk year eIed 31 March 2024 nor for the yeaT eNled 31 March 2023. Trnstees, expenses There wete no tnstee5' exTrenses paid foi year ended 31 March 2024 Th)r for the year eNled 31 March 2023. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted INCOME AND ENDOWMENTS FROM Donations aNI legacies 343,199 Other trdding actii'ities Investment IOn 5.981 85,780 Total 434.9(rf) EXPENDITURE ON Raising funds 42,347 Charitable aclii-ities Charlble actiTr'ities 236,483 Total 278,830 NET INCOME 156,130 RECONCILIATION OF FUNDS Total funds brought forn.ard 4,123,563
MPLE TA NT in COMPARATIVE5 FOR THE STATEMENT OF FINANCIAL ACTIVITIES - eontinued Unrestricied fund TOTAL FUNDS CARRIED FORWARD 4.279,693 TANGIBLE FIXED ASSETS Fixiures Freehold properti" Totals COST At l April 2023 Additions 4.339.392 124.633 20,61XI 4.464,025 20,600 At 31 Mwrh 2024 4,339,392 145.233 4,484,625 DEPRECIATION At l April 2023 Charge for year 78.360 6.538 78,360 6,538 At 31 March 2024 84.898 84.898 NET BOOK VALUE At 31 Mah 2024 4.339.392 60.335 4,399.727 At 31 Mah 2023 4.339,392 46.273 4,385,665 INVESTMENT PROPERTY FAIR VALUE At l April 2023 ajxl 31 March 2024 546,500 NET BOOK VALUE At 31 March 2024 546.500 At 31 March 2023 546,500
ARENDED 3 20 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.24 31.3.23 Bank loans overdrafts (see lle 10) Trade creditors TatIOn and social security Other creditors 537,485 (i) 98 50,700 719,094 372 50.700 588,282 770,166 10. LOANS An an41}'sis of matillity of loans is given below.. 31.3.24 31.3.23 Amounts falling due within one )'ear on d¢maThl: Bank loans Othcr loans 537,485 50.000 719,094 50.WO 587,485 769.094 ii. MOVEMENT IN FUNDS Net mOVernt At 3113124 At 114123 Unrestricted funds Ger£ral fund 4,279,693 177.427 4.457,120 TOTAL FUNDS 4.279.693 177,427 4.457, 120 Nct L)vennt in fuDds, iKluded in aboi'e are as follows: Incoming Resources expeNled Movenrnt in fjjnds Unrestricted funds Gera1 fund 505, (328.479) 177.427 TOTAL FUNDS 505,906 (328,479) 177,427
ARA MPLE AN IAL TATEMEN li. MOVEMENT IN FUNDS - Continued Comparativo8 for Vement in funds Net movernent in funds At 3113123 At 114122 Unrestricted funds 4.123.563 156,130 4.279.693 TOTAL FUNDS 4,123,563 156,130 4,279,693 Comparative llKiVent in funds, iluded in tlt above ar¢ as follows: Iw)ming re50ur¢es Resources m0vennt in funds Unrestricted funds General futKI 434,960 (278.830) 156,130 TOTAL FUNDS 434.960 {278.830) 156.130 A current )"ear 12 months and prior year 12 nK)nths coll11 w)sition is as follows: Net m0vennt At 3113124 At 114122 Unrestricted funds Ger£ral fund 4,123,563 333,557 4,457,120 TOTAL FUNDS 4,123,563 333.557 4,457,120 A current y¢ar 12 nnthS and prior year 12 llK•nth5 combi1 llxiTrement in fiJnd8 ]lded in tk above are as folloivs- Incorning resources Resources exyeuled Mo%'ement in fijnds Unrestricted funds Gera1 fu1 940.866 (607.309) 333.557 TOTAL FUNDS 940,866 ((i)7,309) 333,557
NAN MPLE THE 12. RELATED PARTY DISCLOSURES There w¢ff related party transaaions for Ilr Jear ended 31 Match 2024. io
NAN MPLE ¥kJ¥ii 2024 R THE ARENDED 31 MAR 31.3.24 31.3.23 INCOME AND ENDOWMENTS Donations and legacies Billboards Incon Donauons Gift aid Golak Weddings Langar Patkns 5,664 20.627 31,844 205.221 12.177 17,427 119,886 6.498 8,005 39,222 161,175 12.840 14,193 101,266 412.846 34.3.199 Other trading activities FaTm IrKome 9.856 5.981 Ini'estment income Rents received Deposit account interest 82.722 482 85,296 484 83,204 Total incoming resources 505.91 434.960 EXPENDITURE Other trading activities Bank interest Bank loan interest 44,171 33.343 44.171 33.343 Charitable activities Wages Pension Rat¢s a1 Thater Insurance Light aNI heat Telephor Posthge aNI stationery Sundries Gurnlukhi Teachers Cl¢aning Functions & events Travelling aNI preaching Fixlures fittlligs 36.746 30.806 629 15,IK)2 15.471 67.303 2,657 406 152 10.695 1,689 36,512 6,585 4.975 9.695 12.077 77.263 I,400 530 10,775 2,803 69,839 6,537 227,665 192.882 Support costs This page does forn part of tk Statutori fiwKial statellrnts
AR ED ARE 20 31.3.24 31.3.23 Support costs m8nYdgenllt Ath'ertisirjg Advertising 502 337 839 Finance Bank charges 2,278 2,288 Jnforniation technolo, Repairs re'alS Sundries 45.349 7(M) 40,123 46.049 40,123 Governance costs Accountano, legal fees LKgal fees 1,380 6,097 1,190 9.(M)4 7,477 10,194 Totsl tesources Cnded 328,479 278,830 r4et income 177,427 156.130 This page does t fom] part of stswtory fitwKial statnrnts 12
NTENIS OF THE FINANCIAL STATEMEN RTHE AR ENDED 31 MAR H 2024 Page Report of the Trusteeg IndepeDdellt Examiner's Report Statement of Finantial Actii ities Balance Sheet Notes to the Financial Statements 5 to 10 Detailed stateDnt of Financial Acliiities 11 to 12