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2022-12-31-accounts

The Charity Registration Number is :- 512762

Guru Arjan Dev Gurdwara Sikh Temple

Report and Accounts

31 December 2022

Guru Arjan Dev Gurdwara Sikh Temple

Report and accounts for the year ended 31 December 2022

Contents

Page
Charity information 1
Trustees' Annual Report 1
Statement of directors' responsibilities 3
Independent Examiner's Report 4
Funds Statements:-
Statement of Financial Activities 6
Statement of Financial Activities - Prior Year statement 6
Statement of total recognised gains and losses 6
Movements in funds 6
Revenue Funds 6
Summary of funds 8
Income and Expenditure account 9
Balance sheet 10
Notes to the accounts 12

Guru Arjan Dev Gurdwara Sikh Temple

Trustees' Annual Report for the year ended 31 December 2022

The Trustees present their Report and Accounts for the year ended 31 December 2022.

Reference and administrative details

The charity name.

The legal name of the charity is:- Guru Arjan Dev Gurdwara Sikh Temple.

The charity is also known by its operating name, Guru Arjan Dev Gurdwara Sikh Temple.

The charity's areas operation and UK charitable registration.

The charity is registered in England & Wales with the Charity Commission in England & Wales (CCEW) with charity number 512762.

.

The charity does not operate in any overseas jurisdictions.

Legal structure of the charity

The charity is constituted as an unincorporated charity, established by Trust Deed. The governing document of the charity is the Trust Deed establishing the charity. There are no restrictions in the governing documents on the operation of the Charity or on its investment powers other than those imposed by Charity Law.

The trustees are all individuals.

The principal operating address, telephone number, email and web addresses of the charity are:-

Stanhope Street Derby, Derbyshire, DE23 6QJ

Telephone 01332 776872 Email Address gadderby@hotmail.co.uk Web address http://www.gadgurdwara.com

The Trustees in office on the date the report was approved were:-

Mr Nachhatar Singh Mr Hardev Singh Sandhu Mr Gian Nagra The trustees who served as a trustee in the reporting period, and, if applicable, their dates of appointment or resignation during the year were:-. Name Appointed Resigned/Retired Keerat Singh Bains 17/06/2023

All the trustees are also members of the charity.

Objects and activities of the charity

The purposes of the charity as set out in its governing document.

The principal activities of the Charity in the year under review were the worship of God and promotion of the Sikh religion through social, cultural and sporting activities.

The main activities undertaken in relation to those purposes during the year and to further the charity's purpose for the public benefit.

The Gurdwara is open to all members of the community where they can worship, attend our regular classes such as punjabi, sport events, trips and also take part in our free langar service offered to all.

The trustees have had regard to the Charity Commission's guidance on public benefit in managing the activities of the charity.

1

Guru Arjan Dev Gurdwara Sikh Temple

Trustees' Annual Report for the year ended 31 December 2022

The main achievements and performance of the charity during the year.

The Charity has successfully achieved its aims and objectives outlined in the Trust Deed and constitution and continues to further these activities.

The Management Trustees consider the state of affairs to be satisfactory.

Fundraising activities during the year.

The charity's principal source of income is voluntary donations from congregations. Other sources include hall bookings for weddings, trips and money boxes.

The difference the charity's achievements and performance during the year has made to the beneficiaries of the charity and wider society.

Following the lifting of covid restrictions, our free langar service was in full operation. The public were able to access the Gurdwara and use it's facilities as normal.

Expenditure incurred in the year in order to raise income in the future.

Structure, governance and management of the charity

The methods used to recruit and appoint new charity trustees.

The board of trustees consists of 3 members elected by the executive committee. New board of trustees may be elected on recommendation of the executive committee, to be endorsed by the Sikh congregation at the annual general meeting.

Financial review

The charity's financial position at the end of the year ended 31 December 2022

The financial position of the charity at 31 December 2022 and comparatives for the prior period, as more fully detailed in the accounts, can be summarised as follows:-

Total Funds
Unrestricted Revenue Funds
available for the general purposes
of the charity
Net income		 2022
£
110,305
2,834,239
2,834,239		 2021
£
12,909
2,723,934
2,723,934

Financial review of the position at the reporting date, 31 December 2022 .

The trustees consider the financial performance by the charity during the year to have been satisfactory. This year we were back to full operation without any Covid restrictions. We had a significant increase in donations compared to previous few years. Our donations increased from £313,455 to £499,030, an increase of £185,575. This was due to a combination of the Gurdwara fully opening following the lifting of covid restrictions and additional donations received towards the refurbishment work carried out.

We had a profit of £110,305 which is a increase of £97,396 compared to the previous year. A large amount of our expenses is made up of depreciation in assets which amounts to £112,491 - mainly the gym equipment and on fixtures and fittings.

Our expenses increase by £51,238 prodominantly due to the repairs and maintenance of the Gurdwara which amounts to £39,852 for the year and also due to the Light and Heating costs amounting to £57,184.

Looking at our balance sheet, our tangible assets have increased to £3.1m. Our cash reserves are £108,906. Furthermore our liabilities are continuing to fall as we are making repayments toward our loan from Natwest on time.

Policies on reserves.

The charity has a policy to keep reserves at £10,000. As we are a charity reliant majorly on donations, and considering the size of the Gurdwara, we keep atleast £10,000 reserved to pay for any unexpected expenses. The board understand policy 1.23 and do not accumulate funds unnecessarily.

2

Guru Arjan Dev Gurdwara Sikh Temple

Trustees' Annual Report for the year ended 31 December 2022

Availability and adequacy of assets of each of the funds

The board of trustees is satisfied that the charity's assets in each fund are available and adequate to fulfil its obligations in respect of each fund.

Details of The Independent Examiner

Zain Imteyaz MAAT Member of AAT Rana & Co Accountants Limited 97 Walbrook Road Derby Derbyshire DE23 8SF

Statement of Trustees' Responsibilities

The charity's trustees are responsible for the preparation of the accounts in accordance with the terms of the Charities Act 2011 and the Charities (Accounts and Reports) Regulations 2008. Notwithstanding the explicit requirement in the extant statutory regulations,the Charities (Accounts and Reports) Regulations 2008, to prepare the financial statements in accordance with the SORP 2005, in view of the fact that the SORP 2005 has been withdrawn, the Trustees determined to interpret this responsibility as requiring them to follow current best practice and prepare the accounts according to the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended by the Bulletin issued in October 2018 and applicable to all accounting periods beginning on or after 1st January 2019), (The SORP), .

In particular, charity law requires the Trustees, if they prepare accounts on an accruals basis, to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity as at the end of the financial year and of the surplus or deficit of the charity. In preparing those financial statements the Trustees are required to :-

The law requires that the trustees must not approve the accounts unless they are satisfied that they give a true and fair view of the state of affairs of the charity and of the surplus or deficit of the charity for the year.

The Trustees are also responsible for maintaining adequate accounting records which disclose with reasonable accuracy at any time the financial position of the charity and which are sufficient to show and explain the charity's transactions and enable them to ensure that the financial statements comply with regulations made under the Charities Act 2011. 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.

The Trustees are also responsible for the contents of the Trustees' report, and the statutory responsibility of the Independent Examiner in relation to the Trustees' report is limited to examining the report and ensuring that , on the face of the report, there are no material inconsistencies with the figures disclosed in the financial statements. This report was approved by the board of trustees on 14 September 2023.

Mr Jatinder Pal Singh Bajwa (President) Trustee

3

Guru Arjan Dev Gurdwara Sikh Temple

Report of the Independent Examiner to the Trustees of the charity on the accounts for the year ended 31 December 2022

I report to the Trustees on my examination of the financial statements of the charity on pages 6 to 23 for the year ended 31 December 2022 which have been prepared in accordance with the Charities Act 2011 (the Act) and with the Financial Reporting Standard 102, (effective 1st January 2016) adapted to meet the needs of unincorporated organisations, as modified by FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended by the Bulletin issued in October 2018 and applicable to all accounting periods beginning on or after 1st January 2019), (The SORP), published by the Charity Commission in England & Wales (CCEW) , and under the historical cost convention and the accounting policies set out on page 12.

Respective responsibilities of the Trustees and the Independent Examiner and the basis of the report

As described on page 3, you, the charity's Trustees, are responsible for the preparation of the financial statements in accordance with the Charities Act 2011 and all other applicable law and with United Kingdom Generally Accepted Accounting Practice, applicable to smaller entities, and for being satisfied that the financial statements give a true and fair view.

The Trustees consider that the audit requirement of Section 144(1) of the Charities Act 2011 (the Act) does not apply, and that there is no requirement in the Governing Document for the conducting of an audit. As a consequence, the Trustees have elected that the financial statements be subject to independent examination.

Having satisfied myself that the financial statements are not required to be audited under any legal provision, or otherwise, and are eligible for independent examination, it is my responsibility to:-

b) follow the applicable procedures in the Directions given by the Charity Commission under section 145(5)(b) of the Act.

Basis of Independent Examiner's Statement and scope of work undertaken

Since the charity's gross income exceeded £250,000, the charity's examiner must be a member of a body listed in section 145 of the Act. I confirm that I am qualified to undertake the examination because I am an authorised member of Accountant, which is one of the listed bodies.

I report in respect of my examination of the charity's financial statements carried out under s145 of the Act. In carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act setting out the duties of an independent examiner in relation to the conducting of an independent examination. An independent examination includes a review of the accounting records kept by the charity and of the accounting systems employed by the charity and a comparison of the financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements, and seeking explanations from you, as Trustees, concerning such matters. The purpose of the examination is to establish as far as possible that there have been no breaches of charity legislation and that, on a test basis of evidence relevant to the amounts and disclosures made, the financial statements comply with the SORP.

The procedures undertaken do not provide all the evidence that would be required in an audit, and information supplied by the Trustees in the course of the examination is not subjected to audit tests or enquiries and does not cover all the matters that an auditor would consider in arriving at an opinion. The planning and conduct of an audit goes beyond the limited assurance that an independent examination can provide

4

Guru Arjan Dev Gurdwara Sikh Temple

Consequently, I do not express an audit opinion on the view given by the financial statements, and in particular, I express no opinion as to whether the financial statements give a true and fair view of the affairs of the charity, and my report is limited to the matters set out in the statement below.

I planned and performed my examination so as to satisfy myself that the objectives of the independent examination are achieved and before finalising the report I obtained written assurances from the Trustees of all material matters.

Independent Examiner's Statement, Report and Opinion

Subject to the limitations upon the scope of my work as detailed above, I have completed my examination: and can confirm that:-

The gross income of the charity in the year ended 31 December 2022 appears to exceed the sum specified in Section 145(3) of the Act, namely £250000, and that I am qualified to act as Independent Examiner in accordance with that section by virtue of my being a qualified member of Accountant;

This is a report in respect of an examination carried out under 145 of the Act and in accordance with Directions given by the Charity Commission under section 145(5)(b) of the Act which may be applicable;

and that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:-

accounting records were not kept in respect of the charity as required by with Section 130 of The Charities Act 2011;

the financial statements do not accord with those records; or

the financial statements 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;

have not been prepared in accordance with the methods and principles set out in the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended by the Bulletin issued in October 2018 and applicable to all accounting periods beginning on or after 1st January 2019), (The SORP).

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 financial statements to be reached.

Signed:-

Zain Imteyaz MAAT - Independent Examiner Accountant Rana & Co Accountants Limited 97 Walbrook Road Derby Derbyshire DE23 8SF

This report was signed on 14 September 2023

5

Guru Arjan Dev Gurdwara Sikh Temple - Statement of Financial Activities for the year ended 31 December 2022

Statement of Financial Activities for the year ended 31 December 2022

Current year
Unrestricted
Funds
2022
£
Income & Endowments from:
Donations & Legacies
A1
586,150
Investments
A4
23,933
Total income
A
610,083
Expenditure on:
Raising funds
B1
-
Charitable activities
B2
499,778
Total expenditure
B
499,778
Net income for the year
110,305
Net income after transfers
A-B-C
110,305
110,305
Reconciliation of funds:-
E
Total funds brought forward
2,723,934
Total funds carried forward
2,834,239
SORP
Ref
Net movement in funds		 Current year
Restricted
Funds
2022
£
-
-
-
-
-
-
-
-
-
-
-		 Current year
Total Funds
2022
£
586,150
23,933
610,083
-
499,778
499,778
110,305
110,305
110,305
2,723,934
2,834,239		 Prior Year
Total Funds
2021
£
391,758
21,548
413,306
566
399,831
400,397
12,909
12,909
12,909
2,711,025
2,723,934

The 'SORP Ref' indicated above is the classification of income set out in the formal SORP documents. As required by paragraph 4.60 of the SORP, the brought forward and carried forward funds above have been agreed to the Balance Sheet.

A separate Statement of Total Recognised Gains and Losses is not required as this statement includes all recognised gains and losses.

All the prior year transactions were unrestricted items, and no further analysis is required

All activities derive from continuing operations

The notes attached on pages 12 to 23 form an integral part of these accounts.

6

Guru Arjan Dev Gurdwara Sikh Temple - Statement of Financial Activities for the year ended 31 December 2022

All activities derive from continuing operations

The notes attached on pages 12 to 23 form an integral part of these accounts.

Guru Arjan Dev Gurdwara Sikh Temple - Resources applied in the year ended 31 December 2022 towards fixed assets for Charity use:-

Funds generated in the year as detailed in the SOFA
Resources applied on functional fixed assets
Other applications of funds
Net resources available to fund charitable activities		 2022
£
110,305
(193,431)
-
(83,126)		 2021
£
12,909
(157,544)
-
(144,635)

The resources applied on fixed assets for charity use represents the cost of additions less proceeds of any disposals.

7

Guru Arjan Dev Gurdwara Sikh Temple - Statement of Financial Activities for the year ended 31 December 2022

The notes attached on pages 12 to 23 form an integral part of these accounts.

Movements in revenue and capital funds for the year ended 31 December 2022

Revenue accumulated funds

Unrestricted
Funds
2022
£
Accumulated funds brought forward
2,723,934
110,305
2,834,239
Closing revenue funds
2,834,239
Summary of funds
Unrestricted
and
Designated funds
2022
£
Revenue accumulated funds
2,834,239
Recognised gains and losses before
transfers		 Restricted
Funds
2022
£
-
-
-
-
Restricted
Funds
2022
£
-		 Total
Funds
2022
£
2,723,934
110,305
2,834,239
2,834,239
Total
Funds
2022
£
2,834,239		 Last year
Total Funds
2021
£
2,711,025
12,909
2,723,934
2,723,934
Last Year
Total Funds
2021
£
2,723,934

The notes attached on pages 12 to 23 form an integral part of these accounts.

8

Guru Arjan Dev Gurdwara Sikh Temple - Statement of Financial Activities for the year ended 31 December 2022

Guru Arjan Dev Gurdwara Sikh Temple Income and Expenditure Account for the year ended 31 December 2022 as required by the Companies Act 2006

Income
Income from operations
Refunds from HMRC on gift aided donations
Income from investments, other than interest receivable
Interest receivable
Gross income in the year before exceptional items
Gross income in the year including exceptional items
Expenditure
Charitable expenditure, excluding depreciation and amortisation
Depreciation and amortisation
Fundraising costs
Interest payable
Realised losses on disposals of social investments which are programme related
Total expenditure in the year
Tax on surplus on ordinary activities
Retained surplus for the financial year
Net income after tax in the financial year
Net income before tax in the financial year
Investment income and interest		 2022
£
544,664
41,486
23,800
133
610,083
610,083
369,847
112,491
-
17,440
-
499,778
110,305
-
110,305
110,305		 2021
£
378,035
13,723
21,540
8
413,306
413,306
280,110
105,496
566
14,225
-
400,397
12,909
-
12,909
12,909

All activities derive from continuing operations

In accordance with the provisions of the Companies Act 2006, the headings and subheadings used in the Income and Expenditure account have been adapted to reflect the special nature of the charity's activities.

The notes attached on pages 12 to 23 form an integral part of these accounts.

9

Guru Arjan Dev Gurdwara Sikh Temple - Balance Sheet as at 31 December 2022

SORP
Note Ref 2022 2021
£ £
Fixed assets A
Tangible assets 10 A2 2,954,533 2,873,593
Investments held as fixed assets 11 A4 147,399 147,399
Total fixed assets 3,101,932 3,020,992
Current assets B
Cash at bank and in hand B4 108,907 84,080
Creditors: amounts falling due within
one year 12 C1 (54,272) (40,802)
Net current assets 54,635 43,278
Net assets 3,156,567 3,064,270
Creditors: amounts falling due after more
than one year 13 C2 (322,328) (340,336)
The total net assets of the charity 2,834,239 2,723,934
The total net assets of the charity are funded by the funds of the charity, as follows:-
Restricted funds
Unrestricted Funds - -
Unrestricted Revenue Funds 16 D3 2,834,239 2,723,934
Designated Funds 2,834,239 2,723,934
Total charity funds 2,834,239 2,723,934

10

Guru Arjan Dev Gurdwara Sikh Temple - Balance Sheet as at 31 December 2022

The 'SORP Ref' indicated above is the classification of Balance Sheet items as set out in the formal SORP documents. As required by paragraph 4.60 of the SORP, the brought forward and carried forward funds above have been agreed to the SOFA..

The Trustees acknowledge their responsibilities for complying with the requirements of charity legislation with respect to accounting records and the preparation of accounts.

The charity is subject to Independent Examination under charity legislation, and the report of the Independent Examiner is on page 5.

The Trustees are satisfied that, although the charity is not registered under the Companies Acts, if it were so registered, it would be eligible to prepare accounts in accordance with the provisions in Part 15 of the Companies Act 2006. applicable to companies subject to the small companies regime.

Mr Jatinder Pal Singh Bajwa (President)

Trustee Approved by the board of trustees on 14 September 2023

The notes attached on pages 12 to 23 form an integral part of these accounts.

11

Guru Arjan Dev Gurdwara Sikh Temple

Notes to the Accounts for the year ended 31 December 2022

1 Accounting policies

Policies relating to the production of the accounts.

Basis of preparation and accounting convention

The accounts have been prepared on the accruals basis, under the historical cost convention, and in accordance with the Financial Reporting Standard 102, (effective 1st January 2016) and 'FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended by the Bulletin issued in October 2018 and applicable to all accounting periods beginning on or after 1st January 2019), (The SORP), published by the Charity Commission in England & Wales (CCEW) , effective January 2016, , and in accordance with all applicable law in the charity's jurisdiction of registration, except that the charity has prepared the financial statements in accordance with the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended by the Bulletin issued in October 2018 and applicable to all accounting periods beginning on or after 1st January 2019), (The SORP), in preference to the previous SORP, the SORP 2005, which has been withdrawn, notwithstanding the fact that the extant statutory regulations, the Charities (Accounts and Reports) Regulations 2008 refer explicitly to the SORP 2005. This has been done to accord with current best practice.

Going Concern

The charitable activities are entirely dependent on continuing grant aid and voluntary donations as well as trading revenues. As a consequence, the going concern basis is dependent on the future flow of these uncertain funding streams. Accordingly, the Trustees have obtained forecasts and, after reviewing the financial forecasts for future periods to 31 December 2021 , the Trustees are satisfied that, at the time of approving the financial statements, it is appropriate to adopt the going concern basis in preparing the financial statements. Other than these matters, the Trustees are not aware of any material uncertainites about the charity's ability to continue as a going concern.

Risks and future assumptions

The charity is a public benefit entity.

Policies relating to categories of income and income recognition.

Nature of income

Gross income represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

Categories of Income

Income is categorised as income from exchange transactions (contract income) and income from nonexchange transactions (gifts), investment income and other income.

Income from exchange transactions is received by the charity for goods or services supplied under contract or where entitlement is subject to fulfilling performance related conditions. The income the charity receives is approximately equal in value to the goods or services supplied by the charity to the purchaser.

Income from a non-exchange transaction is where the charity receives value from the donor without providing equal value in exchange, and includes donations of money, goods and services freely given without giving equal value in exchange.

12

Guru Arjan Dev Gurdwara Sikh Temple

Notes to the Accounts for the year ended 31 December 2022

Income recognition

Income, whether from exchange or non exchange transactions, is recognised in the statement of financial activities (SOFA) on a receivable basis, when a transaction or other event results in an increase in the charity’s assets or a reduction in its liabilities and only when the charity has legal entitlement, the income is probable and can be measured reliably.

Income subject to terms and conditions which must be met before the charity is entitled to the resources is not recognised until the conditions have been met.

All income is accounted for gross, before deducting any related fees or costs.

Policies relating to expenditure on goods and services provided to the charity.

Recognition of liabilities and expenditure

A liability, and the related expenditure, is recognised when a legal or constructive obligation exists as a result of a past event, and when it is more likely than not that a transfer of economic benefits will be required in settlement, and when the amount of the obligation can be measured or reliably estimated..

Liabilities arising from future funding commitments and constructive obligations, including performance related grants, where the timing or the amount of the future expenditure required to settle the obligation are uncertain, give rise to a provision in the accounts, which is reviewed at the accounting year end. The provision is increased to reflect any increases in liabilities, and is decreased by the utilisation of any provision within the period, and reversed if any provision is no longer required. These movements are charged or credited to the respective funds and activities to which the provision relates.

Policies relating to assets, liabilities and provisions and other matters.

Fixed Asset Investments

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in market value is transferred to a revaluation reserve.

Tangible fixed assets

Tangible fixed assets are measured at their original cost value, or subsequent revaluation, or if donated, as described above. Cost value includes all costs expended in bringing the asset into its intended working condition.

Depreciation has been provided at the following rates in order to write off the assets to their anticipated residual their estimated useful lives.

Freehold premises 2 % on cost Plant and machinery 25 % on reducing balance Motor vehicles 25 % on reducing balance

Debtors

Debtors are measured at their recoverable amounts at the balance sheet date.

Creditors and provisions

Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

Cash and bank balances

Cash held by the charity is included at the amount actually held and counted at the year end. Bank balances, whether in credit or overdrawn, are shown at the amounts properly reconciled to the bank statements.

Pensions - defined contribution schemes

The charity operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

13

Guru Arjan Dev Gurdwara Sikh Temple

Notes to the Accounts for the year ended 31 December 2022

Fund Accounting

Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives o

We have no designated funds.

We have no restricted funds

There are no endowment funds.

2 Liability to taxation

The Trustees consider that the charity satisfies the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 for UK corporation tax purposes. Accordingly, the Charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by chapter 3 part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively on the specific charitable objects of the charity and for no other purpose. Value Added Tax is not recoverable by the charity, and is therefore included in the relevant costs in the Statement of Financial Activities.

3 Winding up or dissolution of the charity

If upon winding up or dissolution of the charity there remain any assets, after the satisfaction of all debts and liabilities, the assets represented by the accumulated fund shall be transferred to some other charitable body or bodies having similar objects to the charity.

4 Significance of financial instruments to the charity's position

The charity has received a few loans to cover the cost of the expansion of the Gurdwara and the building of the car park. There is currently £357,510 owed to NatWest, which is repaid in monthly installments. The monthly repayments have been paid on time and varied between £3,000 and £3,700 per month. Taking into account the assets owned by the charity, we are in a very strong position to meet repayments.

5 Net surplus before tax in the financial year

Depreciation of owned fixed assets
Pension costs
6
Interest payable
Loan interest
The net surplus before tax in the financial year is stated after charging:-		 2022
£
112,491
1,617		 2021
£
105,496
1,651
2022
£
17,440		 2021
£
14,225

14

Guru Arjan Dev Gurdwara Sikh Temple

Notes to the Accounts for the year ended 31 December 2022

7 The contribution of volunteers

The Charity currently has a governing board of four Trustees all of whom are volunteers.

8 Staff costs and emoluments

Salary costs
Gross Salaries excluding trustees and key management personnel
Employer's National Insurance for all staff
Employer's contribution to defined benefit pension schemes
Total salaries, wages and related costs
Numbers of full time employees or full time equivalents
The average number of total staff employed in the year was		 2022
£
128,826
5,600
1,617
136,043
2022
7		 2021
£
127,584
5,482
1,651
134,717
2021
9

Neither the trustees nor any persons connected with them have received any remuneration from the charity or any related entity, either in the current or prior year.

No employees received emoluments (excluding pension costs) in excess of £60,000 per annum.

No trustees or persons connected with them received any remuneration from the charity, or any related entity.

15

Guru Arjan Dev Gurdwara Sikh Temple

Notes to the Accounts for the year ended 31 December 2022

10 Tangible fixed assets

Current Year
Cost
At 1 January 2022
Additions
At 31 December 2022
Depreciation
At 1 January 2022
Charge for the year
At 31 December 2022
Net book value
At 31 December 2022
At 31 December 2021
Prior Year
Cost
At 1 January 2022
Additions
31 December 2021
Depreciation
At 1 January 2022
Charge for the year
31 December 2021
Net book value
31 December 2021
31 December 2020		 Land and
Buildings
£
3,521,846
141,730
3,663,576
753,430
73,272
826,702
2,836,874
2,768,416
Land and
Buildings
£
3,371,846
150,000
3,521,846
682,993
70,437
753,430
2,768,416
2,688,853		 Plant &
Machinery
£
354,077
51,701
405,778
248,981
39,199
288,180
117,598
105,096
Plant &
Machinery
£
346,533
7,544
354,077
213,949
35,032
248,981
105,096
132,584		 Motor
Vehicles
£
23,088
-
23,088
23,007
20
23,027
61
81
Motor
Vehicles
£
23,088
-
23,088
22,980
27
23,007
81
108		 Total
£
3,899,011
193,431
4,092,442
1,025,418
112,491
1,137,909
2,954,533
2,873,593
Total
£
3,741,467
157,544
3,899,011
919,922
105,496
1,025,418
2,873,593
2,821,545

16

Guru Arjan Dev Gurdwara Sikh Temple

Notes to the Accounts for the year ended 31 December 2022

11 Investments held as fixed assets

Investments
in
subsidiaries
£
Carrying values of investments
At 1 January 2022
-
At 31 December 2022
-
Analysis between fair value and historical cost
Investments as above held at fair value
-
Analysis of Other Classes of Investment
Summary of other classes of investments at 31 December 2022
Cash or cash equivalents		 Listed
investments
£
-
-
-
Included at
historical
cost, less
write down
£
-		 Other
Classes of
Investment
£
147,399
147,399
147,399
Included at
fair value
£
147,399		 Total
£
147,399
147,399
147,399
Total
£
147,399

The committee of management is of the opinion that the current market value of the investment properties held by the charity are not materially different to the cost price; therefore no revaluation adjustment has been made.

12 Creditors: amounts falling due within one year
Bank loans and overdrafts
Trade creditors
PAYE, NIC VAT and other taxes
Other creditors
13 Creditors: amounts falling due after one year
Bank loans and overdrafts		 2022
£
36,238
11,825
5,880
329
54,272
2022
£
322,328		 2021
£
35,684
-
3,961
1,157
40,802
2021
£
340,336

17

Guru Arjan Dev Gurdwara Sikh Temple

Notes to the Accounts for the year ended 31 December 2022

14 Income and Expenditure account summary
At 1 January 2022
Surplus after tax for the year
At 31 December 2022		 2022
£
2,723,934
110,305
2,834,239		 2021
£
2,711,025
12,909
2,723,934

15 Particulars of how particular funds are represented by assets and liabilities

At 31 December 2022
Tangible Fixed Assets
Investments at valuation:-
Fixed asset investments
Current Assets
Current Liabilities
Long Term Liabilities		 Unrestricted
funds
£
2,954,533
147,399
108,907
(54,272)
(322,328)
2,834,239		 Designated
funds
£
-
-
-
-
-		 Restricted
funds
£
-
-
-
-
-		 Total
Funds
£
2,954,533
147,399
108,907
(54,272)
(322,328)
2,834,239

18

Guru Arjan Dev Gurdwara Sikh Temple

Notes to the Accounts for the year ended 31 December 2022

At 1 January 2022
Tangible Fixed Assets
Investments at valuation:-
Fixed asset investments
Current Assets
Current Liabilities
Long Term Liabilities		 Unrestricted
funds
£
2,873,593
147,399
84,080
(40,802)
(340,336)
2,723,934		 Designated
funds
£
-
-
-
-
-
-		 Restricted
funds
£
-
-
-
-
-		 Total
Funds
£
2,873,593
147,399
84,080
(40,802)
(340,336)
2,723,934

16 Change in total funds over the year as shown in Note 15 , analysed by individual funds

Unrestricted and designated funds:-
Unrestricted Revenue Funds
Total unrestricted and designated funds
Restricted funds:-
Unrestricted Revenue Funds
Total restricted funds
Total charity funds		 Funds
brought
forward
from 2021
£
2,723,934
2,723,934
2,721,057
2,721,057
5,444,991		 Movement
in funds in
2022
See Note 17
£
110,305
110,305
-
-
110,305		 See Note 0
£
-
-
-
-
-
Transfers
between
funds in
2022		 Funds
carried
forward to
2023
£
2,834,239
2,834,239
2,721,057
2,721,057
5,555,296

17 Analysis of movements in funds over the year as shown in Note 16

Other
Income Expenditure Gains & Movement
Losses in funds
2022 2022 2022 2022
£ £ £ £
Unrestricted and designated funds:-
Unrestricted Revenue Funds 610,083 (499,778) - 110,305

18 The purposes for which the funds

Unrestricted and designated funds:-

Unrestricted Revenue Funds

These funds are held for the meeting the objectives of the charity, and to provide reserves for future activities, and , subject to charity legislation, are free from all restrictions on their use.

19 Ultimate controlling party

The charity is under the control of its legal members.

19

Guru Arjan Dev Gurdwara Sikh Temple

Detailed analysis of income and expenditure for the year ended 31 December 2022 as required by the SORP 2015

This analysis is classsified by conventional nominal descriptions and not by activity.

20
Donations, Grants and Legacies
Donations and gifts from individuals
Total Donations, Grants and Legacies
Total Donations, Grants and
Legacies
A1
21 Investment income
Property Rental Income
Bank Interest Receivable
Total investment income
A4
Refunds from HMRC on gift aided donations
Total public sector revenue grants
HMRC CJRS
Total donations and gifts from
individuals
Revenue grants from government and
public bodies
General Fund
Membership subscriptions as
donations		 Current year
Unrestricted
Funds
2022
£
41,486
499,030
540,516
Current year
Unrestricted
Funds
2022
£
-
-
Current year
Unrestricted
Funds
2022
£
45,634		 Current year
Restricted
Funds
2022
£
-
-
-
Current year
Restricted
Funds
2022
£
-
-
Current year
Restricted
Funds
2022
£
-		 Current year
Total Funds
2022
£
41,486
499,030
540,516
Current year
Total Funds
2022
£
-
-
Current year
Total Funds
2022
£
45,634		 Prior Year
Total Funds
2021
£
13,723
313,455
327,178
Prior Year
Total Funds
2021
£
33,358
33,358
Prior Year
Total Funds
2021
£
31,222
391,758
Prior Year
Total Funds
2021
£
21,540
8
21,548
586,150
Current year
Unrestricted
Funds
2022
£
23,800
133
23,933		 -
Current year
Restricted
Funds
2022
£
-
-
-		 586,150
Current year
Total Funds
2022
£
23,800
133
23,933

22 Expenditure on charitable activities - Direct spending

Current Year
Total direct spending
B2a
Defined benefit pension costs -
charitable activities
Free kitchen (langar) expenses
Employers' NI - Charitable activities
Gross wages and salaries - charitable
Festival and tournament exps
Recruitment
Travel and Subsistence - Charitable		 Current year
Unrestricted
Funds
2022
£
128,826
5,600
1,617
712
111,192
3,616
578
252,141		 Current year
Restricted
Funds
2022
£
-
-
-
-
-
-
-
-		 Current year
Total Funds
2022
£
128,826
5,600
1,617
712
111,192
3,616
578
252,141		 Prior Year
Total Funds
2021
£
127,584
5,482
1,651
1,010
66,626
1,500
360
204,213

20

Guru Arjan Dev Gurdwara Sikh Temple

Detailed analysis of income and expenditure for the year ended 31 December 2022 as required by the SORP 2015

23 Support costs for charitable activities

Current year
Current year
Current year
Current Year
Unrestricted
Funds
Restricted
Funds
Total Funds
2022
2022
2022
£
£
£
Premises Expenses
5,046
-
5,046
57,184
-
57,184
39,852
-
39,852
8,196
-
8,196
Administrative overheads
836
-
836
1,400
-
1,400
1,207
-
1,207
183
-
183
Professional fees paid to advisors other than the auditor or examiner
496
-
496
1,866
-
1,866
Financial costs
1,440
-
1,440
17,440
-
17,440
112,491
-
112,491
Support costs before reallocation
247,637
-
247,637
Total support costs - Current Year
247,637
-
247,637
The basis of allocation of costs between activities is described under accounting policies
All the expenditure in the prior year was unrestricted.
Administrative overheads
The basis of allocation of costs between activities is described under accounting policies
Bank charges
Accountancy fees other than
examination or audit fees
Rates and water charges
Postage and stationary
Property insurance
Light heat and power
Premises repairs, renewals and
maintenance
Legal fees
Telephone, fax and internet
Software licences and expenses
Sundry expenses
Depreciation & Amortisation in total for
the period
Loan interest		 Prior Year
Total Funds
2021
£
4,550
30,248
24,209
7,889
329
113
188
403
5,450
1,566
952
14,225
105,496
195,618
195,618
-
-
-

21

Guru Arjan Dev Gurdwara Sikh Temple

Detailed analysis of income and expenditure for the year ended 31 December 2022 as required by the SORP 2015

24 Total Charitable expenditure
Current year
Current year
Current Year
Unrestricted
Funds
Restricted
Funds
2022
2022
£
£
Total direct spending
B2a
252,141
-
Total support costs
B2d
247,637
-
Total charitable expenditure
B2
499,778
-
All the expenditure in the prior year was unrestricted.
Prior Year
Prior Year
Prior Year
Unrestricted
Funds
Restricted
Funds
2021
2021
£
£
Total direct spending
B2a
204,213
-
Total support costs
B2d
195,618
-
Total charitable expenditure
B2
399,831
-
25 Expenditure on raising funds and costs of investment management
Investment management costs
-
-
Total fundraising costs
B1
-
-
All the expenditure in the prior year was unrestricted.		 Current year
Unrestricted
Funds
2022
£
252,141
247,637
499,778
Prior Year
Unrestricted
Funds
2021
£
204,213
195,618
399,831		 Current year
Restricted
Funds
2022
£
-
-
-
Prior Year
Restricted
Funds
2021
£
-
-
-		 Current year
Total Funds
2022
£
252,141
247,637
499,778
Prior Year
Total Funds
2021
£
204,213
195,618
399,831		 Prior Year
Total Funds
2021
£
204,213
195,618
399,831
-
-		 566
566

22