CHARITY REGISTRATION NUMBER: 515438
GURU NANAK GURDWARA WARRINGTON Unaudited Financial Statements
30 June 2021
GARRATTS WOLVERHAMPTON LIMITED
Chartered accountants 29 Waterloo Road Wolverhampton WV1 4DJ
GURU NANAK GURDWARA WARRINGTON
Financial Statements
Year ended 30 June 2021
| Page | |
|---|---|
| Trustees' annual report | 1 |
| Independent examiner's report to the trustees | 4 |
| Statement of financial activities | 5 |
| Statement of financial position | 6 |
| Notes to the financial statements | 7 |
| The following pages do not form part of the financial statements | |
| Detailed statement of financial activities | 15 |
| Notes to the detailed statement of financial activities | 16 |
GURU NANAK GURDWARA WARRINGTON
Trustees' Annual Report
Year ended 30 June 2021
The trustees present their report and the unaudited financial statements of the charity for the year ended 30 June 2021.
Reference and administrative details
Registered charity name GURU NANAK GURDWARA WARRINGTON Charity registration number 515438 Principal office DOVER ROAD LATCHFORD WARRINGTON WA4 1NM
The trustees
Mr P S Sekhon Mr D S Johal Mr P Singh Independent examiner J.C. Reed FCA TEP Garratts Wolverhampton Limited Chartered Accountants
Structure, governance and management
The Charity is governed by its constitution and the Trustees are responsible for the administration and investment policy of the Charity. The Trustees are appointed and removed by the Sadh Sangat(Community).
A Managing Committee of members is appointed by the Sadh Sangat to manage the day to day operations. There are sub committees set up to cover building development and maintence, youth related activities, women social and welfare, religious and Punjabi education.
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GURU NANAK GURDWARA WARRINGTON
Trustees' Annual Report (continued)
Year ended 30 June 2021
Objectives and activities
The object of the charity continues to be the furtherance of the Sikh religion in accordance with the teachings of Sri Guru Granth Sahib. Whilst the primary objective of the charity is to enable those of a Sikh heritage and Sikh commitment to share a place of worship, sangat (congregation) and Langar (communal kitchen and food), the GNG prides itself on being able to extend its building and its volunteers' time to all members of the Warrington community and neighbouring towns.
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Practice of Sikhism: to provide facilities to enable followers of the Sikh religion to practice their faith in a convenient and conductive environment in accordance to Sikh Gurmat I.e. the principles and rules lay down by the Ten Gurus and Sri Guru Granth Sahib (the Holy Scriptures).
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Celebration of Sikhism and Sikh Beliefs: to hold key events to highlight events of the Sikh calendar.
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Focus on education and sports: ensure the charity delivers education on both religious ideology and Punjabi language and providing opportunities for sport and the distribution of non-faith information and education.
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Community Focus and Public Benefit. Focus on the community integration and diversity.
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Improve the GNG facilities: increase the facilities and capacity of the building.
Public Benefit
The trustees and the management committee have had due regard to the Charity Commission's guidance on public benefit. In particular GNG has provided public benefit in relation to the advancement of religion and of community development particularly through its education and youth activities which involve local schools invited to GNG.
Volunteers
Many volunteers give up their time to help at the Gurdwara, particularly on Wednesday evenings to prepare and distribute hot vegetarian meals to homeless people at YMCA Warrington. This service has been in operation for the last three years and will carry on as long as there is a Gurdwara in Warrington.
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GURU NANAK GURDWARA WARRINGTON
Trustees' Annual Report (continued)
Year ended 30 June 2021
Achievements and performance
Practice of Sikhism: GNG has one priest to support all religious services. The priest is responsible for all religious services. The Gurdwara is open from 5.00 am to 7.00 pm. If needed for special services the Gurdwara is open as and when required by the congregation. Daily and morning services are conducted inside the temple. Services and other practices according to the Sikh Rehat Maryada (Sikh Code of Conduct) are performed for weddings, birthdays, name-giving ceremonies, funerals or any other occasions according to the needs of the worshippers throughout the year. Regular daily services/prayers are conducted at the following times: 5:30am to 6:00am (Nit-Name and morning prayers service) 6.00pm (Rehras, and evening prayer service).
Increasing the knowledge of Sikhism and the functioning of the Gurdwara community focus and public benefit to the wider community. We have hosted Primary and Secondary from across Cheshire. Students and teachers spend one to two hours inside the Gurdwara. They are given a tour of the Gurdwara and shown of the facilities provided to the Sangat and made aware of the practices and traditional routine of prayers in the Gurdwara. They are taken around the building and shown the langar hall where all the worshippers prepare food and eat together.
The Gurdwara has been providing meals to the local NHS hospitals of Warrington and Halston by raising funds through our members, we provided over 35,000 hot meals to the staff at the local hospitals and Warrington Hospital Trust has decided to reward our efforts by either renaming a ward within the hospital after Guru Nanak or putting up a plaque in the ICU/HDU where the worst of the Covid-19 cases were treated and the staff were most affected.
The Gurdwara also drew the attention of international media and the charity was interviewed and featured on Sky News in a documentary called Covid-19 Home Front, and also on Sangat TV, an Indian Channel.
The Charity also won the Warrington Guardian community heroes award in a digital broadcast hosted by Dr Hilary, best known for his appearances on Good Morning on ITV. To top it all, the charity`s efforts were reported in a national newspaper in India called Ajeet.
Financial review
Trustees are responsible for the maintenance and integrity of the charity and financial information. Monthly income and expenditure is prepared and discussed on a regular basis. The income of the charity for the year amounted to £28,736 (2020 £68,132) and the expenditure was £38,451 (2020 £53,374) giving a deficit of (£9715) (2020 £14,758).
Reserves policy
It is the policy of the trustees to maintain reserves on the general funds of the charity equal to about six months' expenditure. At the year-end this would have required reserves of about £27,000. Actual free reserves amounted to about £85,000 after allowing for fixed assets, and the trustees intend to use the balance towards the development of the charity.
The trustees' annual report was approved on 25 May 2022 and signed on behalf of the board of trustees by:
Mr P S Sekhon Mr D S Johal Trustee Trustee
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GURU NANAK GURDWARA WARRINGTON
Independent Examiner's Report to the Trustees of GURU NANAK GURDWARA WARRINGTON
Year ended 30 June 2021
I report to the trustees on my examination of the financial statements of GURU NANAK GURDWARA WARRINGTON ('the charity') for the year ended 30 June 2021.
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 (‘the Act’).
I report in respect of my examination of the charity's financial statements carried out under section 145 of the 2011 Act and 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.
Independent examiner's statement
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:
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accounting records were not kept in respect of the charity as required by section 130 of the Act; or
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the financial statements do not accord with those records; or
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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.
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.
J.C. Reed FCA TEP Garratts Wolverhampton Limited Chartered Accountants Independent Examiner
29 Waterloo Road Wolverhampton WV1 4DJ
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GURU NANAK GURDWARA WARRINGTON
Statement of Financial Activities
Year ended 30 June 2021
| 2021 | 2021 | 2020 | ||
|---|---|---|---|---|
| Unrestricted | ||||
| funds | Total funds | Total funds | ||
| Note | £ | £ | £ | |
| Income and endowments | ||||
| Donations and legacies | 4 | 5,320 | 5,320 | 43,081 |
| Investment income | 5 | 23,416 | 23,416 | 25,051 |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ||
| Total income | 28,736 | 28,736 | 68,132 | |
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ||
| Expenditure | ||||
| Expenditure on charitable activities | 6,7 | 38,451 | 38,451 | 53,374 |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ||
| Total expenditure | 38,451 | 38,451 | 53,374 | |
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ||
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ||
| Net (expenditure)/income and net movement in funds | (9,715) | (9,715) | 14,758 | |
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ||
| Reconciliation of funds | ||||
| Total funds brought forward | 611,060 | 611,060 | 596,302 | |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ||
| Total funds carried forward | 601,345 | 601,345 | 611,060 | |
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ |
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
The notes on pages 7 to 13 form part of these financial statements.
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GURU NANAK GURDWARA WARRINGTON
Statement of Financial Position
30 June 2021
| 2021 | 2020 | ||
|---|---|---|---|
| Note | £ | £ | |
| Fixed assets | |||
| Tangible fixed assets | 12 | 266,389 | 268,385 |
| Investments | 13 | 257,291 | 257,291 |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ||
| 523,680 | 525,676 | ||
| Current assets | |||
| Cash at bank and in hand | 88,068 | 87,574 | |
| Creditors: amounts falling due within one year | 14 | 10,403 | 2,190 |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ||
| Net current assets | 77,665 | 85,384 | |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ||
| Total assets less current liabilities | 601,345 | 611,060 | |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ||
| Net assets | 601,345 | 611,060 | |
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ||
| Funds of the charity | |||
| Restricted funds | – | 2,180 | |
| Unrestricted funds | 601,345 | 608,880 | |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ||
| Total charity funds | 16 | 601,345 | 611,060 |
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ |
These financial statements were approved by the board of trustees and authorised for issue on 25 May 2022, and are signed on behalf of the board by:
Mr P S Sekhon Trustee
Mr D S Johal Trustee
The notes on pages 7 to 13 form part of these financial statements.
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GURU NANAK GURDWARA WARRINGTON
Notes to the Financial Statements
Year ended 30 June 2021
1. General information
The charity is a public benefit entity and a registered charity in England and Wales and is unincorporated. The address of the principal office is Dover Road, Latchford, Warrington, WA4 1NW.
2. Statement of compliance
These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the 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) (Charities SORP (FRS 102)) and the Charities Act 2011.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
There are no material uncertainties about the charity's ability to continue.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires the trustees to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.
Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment.
Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.
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GURU NANAK GURDWARA WARRINGTON
Notes to the Financial Statements (continued)
Year ended 30 June 2021
3. Accounting policies (continued)
Incoming resources
All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:
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income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.
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legacy income is recognised when receipt is probable and entitlement is established.
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income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers.
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income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.
Resources expended
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:
-
expenditure on raising funds includes the costs of all fundraising activities, events, noncharitable trading activities, and the sale of donated goods.
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expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.
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other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
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GURU NANAK GURDWARA WARRINGTON
Notes to the Financial Statements (continued)
Year ended 30 June 2021
3. Accounting policies (continued)
Tangible assets (continued)
An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless it reverses a charge for impairment that has previously been recognised as expenditure within the statement of financial activities. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses, except to which it offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of financial activities.
Investment property
Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure.
Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in income or expenditure.
If a reliable measure of fair value is no longer available without undue cost or effort for an item of investment property, it shall be transferred to tangible assets and treated as such until it is expected that fair value will be reliably measurable on an on-going basis.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cashgenerating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.
For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the charity are assigned to those units.
Government grants
Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the charity will comply with the conditions attaching to them and the grants will be received.
Where the grant does not impose specified future performance-related conditions on the recipient, it is recognised in income when the grant proceeds are received or receivable. Where the grant does impose specified future performance-related conditions on the recipient, it is recognised in income only when the performance-related conditions have been met. Where grants received are prior to satisfying the revenue recognition criteria, they are recognised as a liability.
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GURU NANAK GURDWARA WARRINGTON
Notes to the Financial Statements (continued)
Year ended 30 June 2021
4. Donations and legacies
| Unrestricted | Restricted | Total Funds | ||
|---|---|---|---|---|
| Funds | Funds | 2021 | ||
| £ | £ | £ | ||
| Donations | ||||
| Donations | 4,891 | – | 4,891 | |
| Donation for NHS | 360 | – | 360 | |
| Grants | ||||
| Government grant -HMRC JRS GRANT | 69 | – | 69 | |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ||
| 5,320 | – | 5,320 | ||
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ||
| Unrestricted | Restricted | Total Funds | ||
| Funds | Funds | 2020 | ||
| £ | £ | £ | ||
| Donations | ||||
| Donations | 29,535 | – | 29,535 | |
| Donation for NHS | – | 11,991 | 11,991 | |
| Grants | ||||
| Government grant -HMRC JRS GRANT | 1,555 | – | 1,555 | |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ||
| 31,090 | 11,991 | 43,081 | ||
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ||
| Investment income | ||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | |
| Funds | 2021 | Funds | 2020 | |
| £ | £ | £ | £ | |
| Income from investment properties | 23,409 | 23,409 | 24,940 | 24,940 |
| Bank interest receivable | 7 | 7 | 111 | 111 |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | |
| 23,416 | 23,416 | 25,051 | 25,051 | |
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ |
5. Investment income
6. Expenditure on charitable activities by fund type
| Unrestricted | Restricted | Total Funds | |
|---|---|---|---|
| Funds | Funds | 2021 | |
| £ | £ | £ | |
| Furtherance of the Sikh religion | 37,252 | – | 37,252 |
| Support costs | 1,199 | – | 1,199 |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | |
| 38,451 | – | 38,451 | |
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | |
| Unrestricted | Restricted | Total Funds | |
| Funds | Funds | 2020 | |
| £ | £ | £ | |
| Furtherance of the Sikh religion | 42,482 | 9,811 | 52,294 |
| Support costs | 1,081 | – | 1,080 |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | |
| 43,563 | 9,811 | 53,374 | |
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ |
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GURU NANAK GURDWARA WARRINGTON
Notes to the Financial Statements (continued)
Year ended 30 June 2021
7. Expenditure on charitable activities by activity type
| Activities | ||||
|---|---|---|---|---|
| undertaken | Total funds | Total fund | ||
| directly | Support costs | 2021 | 2020 | |
| £ | £ | £ | £ | |
| Furtherance of the Sikh religion | 37,252 | – | 37,252 | 52,294 |
| Governance costs | – | 1,199 | 1,199 | 1,080 |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | |
| 37,252 | 1,199 | 38,451 | 53,374 | |
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ |
8. Net (expenditure)/income
| Net (expenditure)/income is stated after charging/(crediting): | |||
|---|---|---|---|
| 2021 | 2020 | ||
| £ | £ | ||
| Depreciation of tangible fixed assets | 1,996 | 1,936 | |
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ||
| 9. | Independent examination fees | ||
| 2021 | 2020 | ||
| £ | £ | ||
| Fees payable to the independent examiner for: | |||
| Independent examination of the financial statements | 1,200 | 1,080 | |
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ |
10. Staff costs
The average head count of employees during the year was 1 (2020: 1).
No employee received employee benefits of more than £60,000 during the year (2020: Nil).
11. Trustee remuneration and expenses
There was no remuneration for the Trustees.
12. Tangible fixed assets
| Freehold | Fixtures and | ||
|---|---|---|---|
| property | fittings | Total | |
| £ | £ | £ | |
| Cost | |||
| At 1 July 2020 and 30 June 2021 | 252,295 | 19,962 | 272,257 |
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | |
| Depreciation | |||
| At 1 July 2020 | – | 3,872 | 3,872 |
| Charge for the year | – | 1,996 | 1,996 |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | |
| At 30 June 2021 | – | 5,868 | 5,868 |
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | |
| Carrying amount | |||
| At 30 June 2021 | 252,295 | 14,094 | 266,389 |
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | |
| At 30 June 2020 | 252,295 | 16,090 | 268,385 |
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ |
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GURU NANAK GURDWARA WARRINGTON
Notes to the Financial Statements (continued)
Year ended 30 June 2021
13. Investments
| Investment | |
|---|---|
| properties | |
| £ | |
| Cost | |
| At 1 July 2020 and 30 June 2021 | 257,291 |
| ৶৶৶৶৶৶৶৶৶ | |
| Impairment | |
| At 1 July 2020 and 30 June 2021 | |
| Carrying amount | |
| At 30 June 2021 | 257,291 |
| ৶৶৶৶৶৶৶৶৶ | |
| At 30 June 2020 | 257,291 |
| ৶৶৶৶৶৶৶৶৶ |
All investments shown above are held at valuation.
Investment properties
The investment properties shown above are stated at cost, as in the opinion of the Trustees that is not materially different from their fair value.
14. Creditors: amounts falling due within one year
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| Trade creditors | – | 15 |
| Accruals and deferred income | 1,343 | 1,836 |
| Social security and other taxes | – | 339 |
| Other creditors | 9,060 | – |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | |
| 10,403 | 2,190 | |
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ |
15. Government grants
The amounts recognised in the financial statements for government grants are as follows:
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| Recognised in income from donations and legacies: | ||
| Government grants income | 69 ৶৶৶৶৶৶৶৶৶ |
1,555 ৶৶৶৶৶৶৶৶৶ |
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GURU NANAK GURDWARA WARRINGTON
Notes to the Financial Statements (continued)
Year ended 30 June 2021
16. Analysis of charitable funds
Unrestricted funds
| Unrestricted funds | ||||||
|---|---|---|---|---|---|---|
| At | ||||||
| At 1 July 2020 | Income | Expenditure | 30 June 2021 | |||
| £ | £ | £ | £ | |||
| General funds | 611,060 | 28,736 | (38,451) | 601,345 | ||
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | |||
| At | ||||||
| At 1 July 2019 | Income | Expenditure | 30 June 2020 | |||
| £ | £ | £ | £ | |||
| General funds | 596,302 | 56,141 | (43,563) | 608,880 | ||
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | |||
| 17. | Analysis of net assets between | funds | ||||
| Unrestricted | Restricted | Total Funds | ||||
| Funds | Funds | 2021 | ||||
| £ | £ | £ | ||||
| Tangible fixed assets | 523,680 | – | 523,680 | |||
| Current assets | 77,665 | – | 77,665 | |||
| Creditors less than 1 year | (10,403) | – | (10,403) | |||
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ||||
| Net assets | 590,942 | – | 590,942 | |||
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ||||
| Unrestricted | Restricted | Total Funds | ||||
| Funds | Funds | 2020 | ||||
| £ | £ | £ | ||||
| Tangible fixed assets | 525,676 | – | 525,676 | |||
| Current assets | 85,394 | 2,180 | 87,574 | |||
| Creditors less than 1 year | (2,190) | – | (2,190) | |||
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | ||||
| Net assets | 608,880 | 2,180 | 611,060 | |||
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ |
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GURU NANAK GURDWARA WARRINGTON
Year ended 30 June 2021
Management Information
The following pages do not form part of the financial statements.
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GURU NANAK GURDWARA WARRINGTON
Detailed Statement of Financial Activities
Year ended 30 June 2021
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| Income and endowments | ||
| Donations and legacies | ||
| Donations | 4,891 | 29,535 |
| Donation for NHS | 360 | 11,991 |
| Government grant -HMRC JRS GRANT | 69 | 1,555 |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | |
| 5,320 | 43,081 | |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | |
| Investment income | ||
| Income from investment properties | 23,409 | 24,940 |
| Bank interest receivable | 7 | 111 |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | |
| 23,416 | 25,051 | |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | |
| Total income | 28,736 | 68,132 |
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | |
| Expenditure | ||
| Expenditure on charitable activities | ||
| Purchases | 3,232 | 12,819 |
| Wages and salaries | 3,441 | 11,245 |
| Rent | 27 | – |
| Rates and water | 214 | 210 |
| Light and heat | 7,850 | 11,599 |
| Repairs and maintenance | 6,549 | 4,199 |
| Insurance | 2,356 | 2,272 |
| Other establishment | 749 | 735 |
| Vehicle leasing/hire | 550 | – |
| Legal and professional fees | 3,185 | 1,080 |
| Telephone | 931 | 857 |
| Other office costs | 1,011 | 1,114 |
| Depreciation | 1,996 | 1,936 |
| External religious services | 6,360 | 5,308 |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | |
| 38,451 | 53,374 | |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | |
| Total expenditure | 38,451 | 53,374 |
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ | |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | |
| Net (expenditure)/income | (9,715) | 14,758 |
| ৶৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶৶ |
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GURU NANAK GURDWARA WARRINGTON
Notes to the Detailed Statement of Financial Activities
Year ended 30 June 2021
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| Expenditure on charitable activities | ||
| Furtherance of the Sikh religion | ||
| Activities undertaken directly | ||
| Food | 3,232 | 12,819 |
| Wages and salaries | 3,441 | 11,245 |
| Printing and stationery | 27 | – |
| Water | 214 | 210 |
| Light & heat | 7,850 | 11,599 |
| Repairs & maintenance | 6,549 | 4,199 |
| Insurance | 2,356 | 2,272 |
| Cleaning | 749 | 735 |
| Advertisement | 550 | – |
| Legal and professional fees | 1,986 | – |
| Telephone | 931 | 857 |
| Sundries | 1,011 | 1,114 |
| Depreciation | 1,996 | 1,936 |
| External religious services | 6,360 | 5,308 |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | |
| 37,252 | 52,294 | |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | |
| Governance costs | ||
| Accountancy fees | 1,199 | 1,080 |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | |
| ৄৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄৄ | |
| Expenditure on charitable activities | 38,451 ৶৶৶৶৶৶৶৶৶ |
53,374 ৶৶৶৶৶৶৶৶৶ |
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