GURU NANAK GURDWARA WARRINGfoN Unaudited Financial Statements 30 June 2023 Sa8hir Ahmad MBA FAIA Independent Examiner First Floor. Suit 2. The Polnt 173 - 175 Cheetham Hlll Road Manthester M8 8LG GURU NANAK GURDWARA WARRIPIGTON Yw ended ￿ljuNE 2023 The trustees present t￿•r report ar￿ ￿na￿lited fi￿1￿la1 statern￿ of the charityfor the year eth 30June 2023. GURU NANAK GURDWARA WARRINGTON 515438 DOVER ROAD LATCHK)RD WARRINGTON WA4 INM Mr Pssekhon Mr D S Johal Mr P Singh Mr K S Dhillon MrHSToor Mr P Slngh (Law sava) Mr C SI￿ (Larear saval Mr R S Khaniiau (BWklI￿ MainteTran￿) Mr M SI￿ {Health Safety) Mr P S Smlhu (Main hal control) Mr G SI￿h(se￿et3ryXc0mmunrat￿s￿) Mr K S Dhaliwal {Stsge) Mr 8 5 Gill (Larvger ShoP￿educat￿)nI SaghirAhmad MBA FAIA Fwst Floor. Sulte 2 The Point 173- 175 Cheetham Hill Road Manchester M8 8LG GURU NANAK GURDWARA WARRINGTON Trustees. Amual Report (continued) Year ended 30 JUNE 2023 and investment Kdicy of Charity. ￿ Tn￿eeS are appointed and rem(Ned by the Sadh Sa￿t (Communityl. A Managln8 Commlttee of members is apFM)inted by the 5adh Sa￿t to manage the day to day operatlons. There are sub committees set up to cover buildi￿ devek)pment aml maintsno. youth related activitie5. Won￿ social welfare. rell8X)us a￿* Punjabi ed￿ation. The obiettive of tr￿ charity to be the furtherance of relEion In accordarKe with the teachi od Sir Guru Granth Sahib. Whilts the prirnary obietti¥e of the dwrity 6 to eneble those of a Sikh heritage and &kh commitment to share a plao of worship. San8at ICongre8ation) and langer (communal kitchen and food), the GNG prides itself on being able to extend its building and its volunteers tlme to all members of the Warrington community and neighbouring towns. Practice of Sikhism". to provide faalities to enable followers of the S￿h relÈion to pratice their faith in aconvenient and conductive environment in ￿CordanCe to Sikh Gumiat i.e. the princtples and Yules lay down by the ten and Sir Gtsru Granth Sahib (the holy scriptures)- 21 Celebration of Sikthism and Skh Beliets: to hold key events to highlight e￿￿ts of the Sikh calendar. 3) Fo￿5 on edwation and sports: ensure the charity delivers education on both re￿￿￿$ ideolo8y and Puniabl la￿uage ar￿ provKling opwrtuniiies of swrt a￿1 the distribution of non-faith infomiat4)n aNI education. 41 Communlty Focus and Public Benefit Focus on the community interVa￿Tr and diversty. s) Improve the GNG facilitles: increase the facilities and capaty of the buildin& Publlc Benefft The tn15tees and the management committee have had due regard to the (tharity Commission's guldance on publlc benefft. In particular GNG has provlded publi benefft in relation to the advancement of religion and of community development particulary throught its education and youth artNities which involve local schools invited to GNG. GURU NANAK GURDWARA WARRINGTON Trustees. Annual Report {contlnued) Year ended 30 JUNE 2023 Volunteers Many of0urv0l￿￿ gilt up theirtirne to Idp at Gwdwarn. wtoaknon Wed•e¥eni to prepare aThl distribute vegtrain meals to homeless Fwle at YMCA Warriw. Thi5 service has been In operatknn fortt* last three w and wlll cany on as asthere is a Gunlwara WarTi118ton. Practice of Sikhism: GNG has one priest to supix)rt all re*ious Servi￿ The w*st is respom for all religious *rvices. The 15 Gurdwara open from 5.(Kl am to 7.(XJ pm. If fftded for 5epaal servkes the Gurdwara is open as and when required by the congregation. Daity and rnorini service5 are conducted Inside the ternple. Servies and other Practi￿ accordi￿ to the Sikh Rehat Maryada (Sikh Code of Conduct) are prefomed for we￿irES. bithhdays. nam￿l¥Ing ￿remOnIeS funerals OT any otherocca5ions according to the needs of the v￿rShipperS thrOu8h0￿ the year. Reguliar daily ServI￿5/prayerS a￿ conducted at the following tirnes: 5.30am to 6.lknm (Nit-Name and moming prayer5 servi￿S) 6.(I)pm {Rehras, and praJTrs servKes}. Increasing the knowlwdge of Sikhism and the functioning of Gurdwafa comSnity focus and public benefft of wider cornmunlty. We have hosted Primary and Secondary from across Cheshire. Students and teachers Spend one to two hours inside the Gudwara. They are Biven tour of the Gurdward and shown of the frdalities provided to the sa￿at and made aware of the prdcti￿s and traditional routine of prayers in the Gurdwara. They a￿ tsken around the buildi and shown the la￿dar hall where all the worshippers wepare food and eat together. Flnandal revlew Trustees a￿ responsible for tt* maintenance and Iiitegrity ofthe charity a￿1 fina￿131 InfOn￿atiOn. Monthty inome arKI expenditure is prepared arnl discussed on re8ular basis. income of the charity for the year amwnted to £68.694 {2022: £44A171 giving a swplus of £31.687 {2022: deficit of £71W). Reserve policy It 15 the poltry of the trustees to maintsln reserves on the general f￿￿ts of the charity equal to about six months, nonnal experKliture. At the year*nd this w(wld have required reserves of about £25.(KK). Artual free reserrfes amounted to £40,318 after alkjwing for f￿1 assets. GURU NANAK GURDWARA WARRINGTON Trustees. Amual Report (continued) Year ended 30 JUNE 2023 The trustees, annual re￿rt was on 18 November 2024 aNI sened on behalf ofthe board of trustees by: Mr K S Dhillion Trustee GURU NANAK GURDWARA WARRINGfoN Independent Examlner's Report to the Trustees of GURU NANAK GURDWARA WARRINGTON Year ended 30 JUNE 2023 I report to the trustees on my examination of the fonancial state￿￿nts of GURU PIANAK GURDWARA WARR114GTON (Ihe d￿rI￿) for the year ended 30June 2023. As the trustees of the charityyou are re5ponsilAe for the p￿palatiOn of ts financial statements in accordan￿ with the requirements of the Charities kt 2011 (Ihe kv). I report in respert of my ￿minatIon of the charitys thancial 5ktements (aryied out under settfon 145 of the 2011 Art and in carying out my examination I have followed al the applirable Dirertions given by the Charity Commisgon urNler section 14515)(b} of the kL Independent examinevs siatem I have completed my examination, I confim that no materlal rnatters have come to my attention in connection with the examination giNing me cause to believe that in any material respect. accounting records were not kept in respect of the tharlty as required by 5ettion 130 of the A¢" or the finandal statements do not accord with those record¥" or the financial statements do not comply with the applfcable requlrernents cOn￿rnI the fonn arKI contents of accounts set out in Charities (Accounts and reiN)rts) Regulations 2(K)8 other than any requirernent that the accounts give a 'true and f* view whith is not a matter considered as part of an independent examination. I have no concern and have Con￿ across no other matters in coTrneckn with the examinalk)n to which attention shpuld be drawn this re￿￿ in orderto enable a proper under5tandin8 of the accounts to be reached. Saghir Ahmad MBA FAIA Independent Exarrfner First Floor. Sulte 2. The Point 173- 175 Cheetham Hlll Road mand￿ster M8 8LG Dated." 18 November 2024 GURU NANAK GURDWARAWARRIP4GTON Year ended 30 JUNE 2023 furnls T•)ial fwKls Trfal funds Donatrjns and le8ac InvestnRnt i￿)rne 31￿32 37,662 16,782 28.025 Expendlture Expendlture on charitable artivities 37,LM)7 116,649 Total ExpeTh11￿re 37A 116,649 31.687 Retondktk•n of funds Total funds iyought fonmard 529503 f￿1.345 561.190 The statement Offi￿a￿OI arti￿ all gains and kwes recwi5ed in tt* year. The notes on pages 8 to 15 fonn part of these financial statements. GURU NANAK GUItDWARA WARRINGfoN Statement of Finanaal Position 30JUNE 2023 Ixed assets Tangible fixed assets Investments 263,581 257.291 520 264.771 257,291 522.062 Debtors Cash at bank and in hand 1,932 42.545 44A L509 18.145 Creditors: amounts falling due within one ￿ar 4.159 12.213 Net ¢urrent assets 40318 7,441 Total assets less current liabilities 561,180 529.503 561,190 529.503 Funds of the ¢hwlty Unrestricted fvftds 561.1 529.503 Total dwrlty fvnds 16 561.190 529W3 These financial ststements were approved by the board of trustees and authorised for l&sue on 18 r202 nd are s*ned on behalfof the board by: Mr K S Dhllllon Trustee The notes on page5 8 to 15 fomi part of these financial statements. Pa8e 7 GURU f4ANAK GURDWARA WARRINGTON Notes to the Flnanclal Statements Yearended 30JUNE 2023 addre55 of the principal oifKe 15 Dover Road. iatdthjrd, Warrirwon, WA4 INW. Reporti￿ 5tsndard applKable in the UK and ￿pub￿C of I￿land,, Statern￿ of recomnRrKled Practice applicable to tharitie5 preparing tt*ir ac(ounts In accordaKe with the FwbaThial Rewxti Standard applicable in thr UK aThl of Ireland (FRS 102) (Charities SORP (FRS 102)) aYKI the the Charities kt 2011. The finanaal statements have been ￿pared on histori￿1 cost basis as nx)dif*d by tt revaluation otcertain assets and liabilttie5 aNI investrnent properties measured at fair vak thrO￿h income or expenditu￿. The financial ststement are prepared in Sterli￿ which Is the funciatNMI curreKy of the entity. and assumptions that addect the amounts reported. These estimates and j￿jgeMents are continually ￿leV￿d and are based on eXperIe￿e a￿1 other factor¥ eXpeCk￿S0f future events that are believed to be reasonable under the circwnstance& Unrestrirted fuThts are availatAe forthe use at the direclion of the trustees to furtkw any of the charitvs purposes. Desi8nated fijnds are unrestricted funds earnwrked lry the trusteesfor proiert or commitment. GURU f4ANAK GURDWARA WARRINGTON Notes to the financial Statsments (conts"nuedl Year erKled 30 JUNE 2023 flow to the tharity arrfl the amothrt be refobly The foJknVi￿ spefft poliLies a applied to particular categories of NKome: to the SI￿ receipt is probBble aNI its amount an be measured reliabty. impractical to measwe ￿lIablY. kn whith case tt* value is deT¥ied from the cost to the accounts vthen received If￿ can be reliabty Th￿￿red. Ilo arnO￿t are Ind￿ for tt* contrilmrtion of 8￿￿ra1 volunteers. which can not be ftdty recovered. and is classi￿ under h&id1￿ ofthe statement of expenditure on raising fvnd5 Ind￿leS costs of all the fundraisi￿ athibes. events, )n-charitable tradi￿ activities arKI sale of donated good undertaki1￿ artivit￿ that further its dHiitable aims forthe of its beneficiaries. including those SUPM costs ￿latI1V￿ to the g(Vernan￿ of the tharity aw)ortioned to charitable activitie> Page 9 GURU NANAK GURDWARA WARRIPIGTON Notes to the Financlal Statements (conbnued) Year ended 30 JUNE 2023 other expenditure indudes all expertditure that is neither welated to raisi￿ fund5 for chaiity nor part of its expendlture on d￿ritable activit All costs are allocated to expe￿lture categories refiectin8 the use of the we￿Ur0. Direct costs a￿lbu￿ble to a sin8le artTty a￿ allocated dlrectty to the activity. Shared costs are apwrtioned between the artivit￿ cortribute to a reasonable, justifiable and consistent basis. Ta￿lble assets Tangible a55ets are intially recorded at cox and subsequentty slated at cost less any accumulated depreciation and impairrnent losse& Any taTh8ible assets carried at reval￿ ar¥K>unts are recorded at the fair value at the date of re￿I￿atK)n less any subsequent accumthated impaurnert k>sse An increase in the carryin8 amount of an a55et as a result of a revaluation, 15 recognised in ott￿r recognised gains and losses. unless it reverse a char8e of impairment that has weviousty been recognised as expenditure within the statement of fiTranoal activit*s. A decrease in the carryiffd amount of whith it offsets any pwious revaluation gain, in which case the1055 15 shown withi other reco8nlsed gains and k)sses on the staternents of financial activit*s. Investmenr property is initially recorded at cosL which Include purchase price and ary direcdy attributable expefiditure. Investment property Is ￿￿dIUed ti its fairvalue at each rEpJrtir% date and any thatvaes in fair value ae reco8ni5ed ￿ income or exPendI￿re. If a reliable measure of fair value is no lor¥er availablewithout VI￿Ue cost or effortfor an item of investment woperty. it shall be transferred to tan8ible assets and treated as such until it 15 expected that fair Wdlue wli I be reliably measurable on an orpgoi￿a ba5iS. Impalrn*nt of r￿ed assets A review of Indicators of impaimient is carried out at eath reporting date. with the recoverdble rnount beSng estirnated where such indicator exist. Where the cany1￿ value exceeds the recoverable amounL the asset is impaired acconlith, Prk)r impairmentare a150 TevIev￿d f pO￿lbIe reversal at each reportin8 date. Page io GURU NANAK GURDWARA WARRINGTON Notes to the Financial Statements (contlnuedj Year ended 30 JUNE 2023 Forthe purposes of impairnient testi￿ when it is not possible to estimate tt* recoverable amount of an indbvidual asset, an estimate is made of the retoverable amourrt ofthe cash- 8ener3tin8 unit to which the asset belonB. The cash-generating unit is the smamest identifiable groups of assets that Ind￿le the asset and genetates cash inflows that lar8ety independent of the cash infiow5 from other assets orgroup of asse For irnpainnent testing of goodwill, the goodwill acquired in a business combination 15. from the acquisition date. allocated to each of the cash-8eneratin8 units that a￿ expected to benefft from the syne￿Ie5 of the combination. irrespective of whether other assets or Ilabl￿leS of the d*rity are assigned to those units. Government grants a￿ reco8nised at the fairvalue of the a55et received or re￿1¥ab￿. Grants are not recognised until there Is ￿asonable assuran￿ that the charfty will compty with the conditions attaching to them and the grant wil be received. Where the grants does not imposed specified future perfoTrnance-related conditK)rns on the recipient, it 5s recognised in income when the 8rant proceeds are recived OT receivable. Where the grant does impose speclfied future perforniance-related condltions on the receipent, it is recognised in income onty when the perfom)ance-related conditions have been meL Whe 8rants recived a￿ prior to saty11￿ the revenue recognised criteria, tly are rec