**REGISTERED CHARITY NUMBER: 512089** ## **REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025** ## **FOR** ## **NANAKSAR GURDWARA GURSIKH TEMPLE** Shah & Co (Accountants) Ltd Chartered Certified Accountants Cash's Business Centre 1st Floor 228 Widdrington Road Coventry West Midlands CV1 4PB ## **NANAKSAR GURDWARA GURSIKH TEMPLE** ## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025** The trustees present their report with the financial statements of the charity for the year ended 31 March 2025. The trustees have adopted the provisions of 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) (effective 1 January 2019). ## **OBJECTIVES AND ACTIVITIES** ## **Objectives and aims** The objective of the Temple , as set out in the constitution, is to serve the community. ## **STRUCTURE, GOVERNANCE AND MANAGEMENT** ## **Governing document** The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity. ## **REFERENCE AND ADMINISTRATIVE DETAILS** **Registered Charity number** 512089 ## **Principal address** 224-226 FOLESHILL ROAD COVENTRY CV1 4HW ## **Trustees** Mr S Uppal Mr H Singh Mr B S Pandher Mr J S Dhillon Mr G S Berar Mr R Singh Mr K S Dhesi Secretary Mr D S Gill Trustee Mr B Johal Treasurer ## **Independent Examiner** Shah & Co (Accountants) Ltd Chartered Certified Accountants Cash's Business Centre 1st Floor 228 Widdrington Road Coventry West Midlands CV1 4PB Approved by order of the board of trustees on ............................................. and signed on its behalf by: ............................................................................... Mr B S Pandher - Trustee 1 ## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF NANAKSAR GURDWARA GURSIKH TEMPLE** ## **Independent examiner's report to the trustees of Nanaksar Gurdwara Gursikh Temple** I report to the charity trustees on my examination of the accounts of Nanaksar Gurdwara Gursikh Temple (the Trust) for the year ended 31 March 2025. ## **Responsibilities and basis of report** As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act'). I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act. ## **Independent examiner's statement** Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Association of Chartered Certified Accountants, which is one of the listed bodies. I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: 1. accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination. I 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 accounts to be reached. Shah & Co (Accountants) Ltd Shah & Co (Accountants) Ltd Chartered Certified Accountants Cash's Business Centre 1st Floor 228 Widdrington Road Coventry West Midlands CV1 4PB Date: ............................................. 2 ## **NANAKSAR GURDWARA GURSIKH TEMPLE** ## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025** |Notes
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
Other trading activities
2
Investment income
3
**Total**
**EXPENDITURE ON**
Raising funds
**Charitable activities**
Charitable activities
**Total**
**NET INCOME**
**RECONCILIATION OF FUNDS**
Total funds brought forward
**TOTAL FUNDS CARRIED FORWARD**|31.3.25
Unrestricted
fund
£
373,127
12,856
103,152
489,135
32,174
304,096
336,270
152,865
4,457,120
4,609,985|31.3.24
Total
funds
£
412,846
9,856
83,204
505,906
44,171
284,308
328,479
177,427
4,279,693
4,457,120| |---|---|---| The notes form part of these financial statements 3 ## **NANAKSAR GURDWARA GURSIKH TEMPLE** ## **BALANCE SHEET 31 MARCH 2025** |Notes
**FIXED ASSETS**
Tangible assets
6
Investment property
7
**CURRENT ASSETS**
Cash at bank and in hand
**CREDITORS**
Amounts falling due within one year
8
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS CURRENT LIABILITIES**
**NET ASSETS**
**FUNDS**
10
Unrestricted funds
**TOTAL FUNDS**|31.3.25
Unrestricted
fund
£
4,452,758
546,500
4,999,258
55,665
(444,938)
(389,273)
4,609,985
4,609,985
4,609,985
4,609,985|31.3.24
Total
funds
£
4,399,727
546,500
4,946,227
99,175
(588,282)
(489,107)
4,457,120
4,457,120
4,457,120
4,457,120| |---|---|---| The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by: ............................................. Mr B S Pandher - Trustee The notes form part of these financial statements 4 ## **NANAKSAR GURDWARA GURSIKH TEMPLE** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025** ## **1. ACCOUNTING POLICIES** ## **Basis of preparing the financial statements** The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention. ## **Income** All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. ## **Expenditure** Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, 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 accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. ## **Tangible fixed assets** Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. ## **Investment property** Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the Statement of Financial Activities. ## **Taxation** The charity is exempt from tax on its charitable activities. ## **Fund accounting** Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. ## **2.** ## **OTHER TRADING ACTIVITIES** |**OTHER TRADING ACTIVITIES**||| |---|---|---| ||31.3.25|31.3.24| ||£|£| |Farm Income|12,856|9,856| 5 **NANAKSAR GURDWARA GURSIKH TEMPLE** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025** ## **3. INVESTMENT INCOME** |Rents received
Deposit account interest|31.3.25
£
102,903
249
103,152|31.3.24
£
82,722
482
83,204| |---|---|---| ## **4. TRUSTEES' REMUNERATION AND BENEFITS** There were no trustees' remuneration or other benefits for the year ended 31 March 2025 nor for the year ended 31 March 2024. ## **Trustees' expenses** There were no trustees' expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024. ## **5.** ## **COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES** |**INCOME AND ENDOWMENTS FROM**|Unrestricted
fund
£| |---|---| |Donations and legacies|412,846| |Other trading activities|9,856| |Investment income|83,204| |**Total**|505,906| |**EXPENDITURE ON**|| |Raising funds|44,171| |**Charitable activities**|| |Charitable activities|284,308| |**Total**|328,479| |**NET INCOME**|177,427| |**RECONCILIATION OF FUNDS**|| |Total funds brought forward|4,279,693| |**TOTAL FUNDS CARRIED FORWARD**|4,457,120| 6 ## **NANAKSAR GURDWARA GURSIKH TEMPLE** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025** ## **6. TANGIBLE FIXED ASSETS** |Freehold
property
£
**COST**
At 1 April 2024
4,339,392
Additions
-
At 31 March 2025
4,339,392
**DEPRECIATION**
At 1 April 2024
-
Charge for year
-
At 31 March 2025
-
**NET BOOK VALUE**
At 31 March 2025
4,339,392
At 31 March 2024
4,339,392
**7.**
**INVESTMENT PROPERTY**
**FAIR VALUE**
At 1 April 2024
and 31 March 2025
**NET BOOK VALUE**
At 31 March 2025
At 31 March 2024
**8.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Bank loans and overdrafts (see note 9)
Trade creditors
Taxation and social security
Other creditors|Improvements
to
property
£
-
51,696
51,696
-
452
452
51,244
-||Fixtures
and
fittings
£
145,233
8,226
153,459
84,898
6,439
91,337
62,122
60,335
31.3.25
£
383,780
2
435
60,721
444,938|Totals
£
4,484,625
59,922
4,544,547
84,898
6,891
91,789
4,452,758
4,399,727
£
546,500
546,500
546,500
31.3.24
£
537,485
(1)
98
50,700
588,282| |---|---|---|---|---| 7 ## **NANAKSAR GURDWARA GURSIKH TEMPLE** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025** ## **9. LOANS** An analysis of the maturity of loans is given below: |Amounts falling due within one year on demand:
Bank loans
Other loans
**MOVEMENT IN FUNDS**
**Unrestricted funds**
General fund
**TOTAL FUNDS**
Net movement in funds, included in the above are as follows:
**Unrestricted funds**
General fund
**TOTAL FUNDS**
**Comparatives for movement in funds**
**Unrestricted funds**
General fund
**TOTAL FUNDS**|At 1/4/24
£
4,457,120
4,457,120
Incoming
resources
£
489,135
489,135
At 1/4/23
£
4,279,693
4,279,693||31.3.25
£
383,780
50,000
433,780
Net
movement
in funds
£
152,865
152,865
Resources
expended
£
(336,270)
(336,270)
Net
movement
in funds
£
177,427
177,427|31.3.24
£
537,485
50,000
587,485
At
31/3/25
£
4,609,985
4,609,985
Movement
in funds
£
152,865
152,865
At
31/3/24
£
4,457,120
4,457,120| |---|---|---|---|---| ## **10. MOVEMENT IN FUNDS** 8 ## **NANAKSAR GURDWARA GURSIKH TEMPLE** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025** ## **10. MOVEMENT IN FUNDS - continued** Comparative net movement in funds, included in the above are as follows: |Incoming
Resources
resources
expended
£
£
**Unrestricted funds**
General fund
505,906
(328,479)
**TOTAL FUNDS**
505,906
(328,479)
A current year 12 months and prior year 12 months combined position is as follows:
Net
movement
At 1/4/23
in funds
£
£
**Unrestricted funds**
General fund
4,279,693
330,292
**TOTAL FUNDS**
4,279,693
330,292
A current year 12 months and prior year 12 months combined net movement in funds, included in the above
Incoming
Resources
resources
expended
£
£
**Unrestricted funds**
General fund
995,041
(664,749)
**TOTAL FUNDS**
995,041
(664,749)|Movement
in funds
£
177,427
177,427
At
31/3/25
£
4,609,985
4,609,985
are as follow
Movement
in funds
£
330,292
330,292| |---|---| A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: ## **11. RELATED PARTY DISCLOSURES** There were no related party transactions for the year ended 31 March 2025. 9 ## **NANAKSAR GURDWARA GURSIKH TEMPLE** ## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025** ||31.3.25|31.3.24| |---|---|---| ||£|£| |**INCOME AND ENDOWMENTS**||| |**Donations and legacies**||| |Billboards Income|7,497|5,664| |Donations|18,656|20,627| |Gift aid|33,096|31,844| |Golak|186,947|205,221| |Weddings|7,702|12,177| |Langar|18,288|17,427| |Paths|100,941|119,886| |**Other trading activities**|373,127|412,846| |Farm Income|12,856|9,856| |**Investment income**||| |Rents received|102,903|82,722| |Deposit account interest|249|482| ||103,152|83,204| |**Total incoming resources**|489,135|505,906| |**EXPENDITURE**||| |**Other trading activities**||| |Bank loan interest|32,174|44,171| |**Charitable activities**||| |Wages|48,382|36,746| |Rates and water|20,179|9,695| |Insurance|13,192|12,077| |Light and heat|77,139|77,263| |Telephone|2,127|1,400| |Postage and stationery|506|530| |Gurmukhi Teachers|12,741|10,775| |Cleaning|2,197|2,803| |Motor Expenses|78|-| |Functions & events|65,882|69,839| |Travelling and preaching|2,666|-| |Improvements to property|452|-| |Fixtures and fittings|6,440|6,537| ||251,981|227,665| This page does not form part of the statutory financial statements 10 ## **NANAKSAR GURDWARA GURSIKH TEMPLE** ## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025** ||31.3.25|31.3.24| |---|---|---| ||£|£| |**Support costs**||| |**Management**||| |Advertising|1,600|502| |Computer cost|1,868|337| |**Finance**|3,468|839| |Bank charges|1,772|2,278| |**Information technology**||| |Repairs and renewals|35,396|45,349| |Sundries|301|700| |**Governance costs**|35,697|46,049| |Accountancy and legal fees|1,380|1,380| |Legal fees|9,798|6,097| ||11,178|7,477| |Total resources expended|336,270|328,479| |**Net income**|152,865|177,427| This page does not form part of the statutory financial statements 11 **NANAKSAR GURDWARA GURSIKH TEMPLE** ## **CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025** |||**Page**|| |---|---|---|---| |**Report of the Trustees**||1|| |**Independent Examiner's Report**||2|| |**Statement of Financial Activities**||3|| |**Balance Sheet**||4|| |**Notes to the Financial Statements**|5|to|9| |**Detailed Statement of Financial Activities**|10|to|11|