CHARITY REGISTrATION IlumBE￿ $15438 GURU NANAK GURDWARA WARRINGTON Unaudited Financial Statements 30 June 2024 Saghlr Ahmad MBA FAIA Independent Examlner 2nd Floor 33 Bent Street Manchester M8 8NW GURU NANAKGURDWARA WARRINGTON Financial Statements Year ended 30 JUNE 2024 T￿￿. anNMI report Indepdent Examlnnerfs report to trust•es Statement of finandal posltlon Notes to the finandal statsments 9-16 The follovAn8 paps do not forni part of the Ilnanclal statemerts Detalled statement of flnanclal actl¥ltles GURU NANAKGURDWARA WARRINGTON Reference and Admlnistrative Detalls Year ended 30 JUNE 2024 The trustees present their ￿port and the unaudited financial statements of the charity for the year ended 30 June 2024. Reference and admlnlstratlve details RegISter￿ charfty name GURU NANAK GURDWARA WARRINGTON Charlty re8lstrathJn number 515438 Prfndpal oflke DOVER ROAD LATCHFORD WARRINGTON WA4 INM The Tiustees Mr D S Johal Mr P Sin8h Mr K S Dhillon MrHSToor Mr P S Sekhon (Resigned 22 1)ecember 2023) The volunteers Mr P Slngh ILan8er seva) Mr C Singh (Langar seva) Mr R S Khanijau (Buikling malntenance) Mr M Sin8h {Health Safety) Mr P S Sldhu (Maln hall control) Mr G Singh (Secretary)(Communlcatlons/sta8e) Mr K S Dhaliwal {Sta8e) Mr B S Gill (Langer shoppingleducation) Mr Amanider Singh Mr Jaswant Sin8h Mr Gurpreet Singh Mr Gurdev Singh Mr Gurinder Singh Mr Mandeep Singh SohaS Page I GURU NANAK GURDWARA WARRINGTON Reference and Administrative Details Year ended 30 JUNE 2024 RefereKe and admlnlstrntive detslls (contlnued) Independert examlner Saghlr Ahmad MBA FAIA 2nd Floor 33 Bent Street Manchester M8 8NW Page 2 GURU NANAK GURDWARA WARRINGTON Trustees. Annual Report (contlnued) Year ended 30 JUNE 2024 The charity Is governed by its constitutk)n and the Trustees are responsible for the admlnstration 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 San8at to mana8e the day to day operations. There are sub committees set up to cover buildin8 develownent arKI maintartr, youth related activities women social welfare, religious and Punjabi education. Objectlves and actl The objective of the charlty to be the furtherance of Sikh rellgion In accordance with the teachings od Sir Gufu Granth Sahib. Whllts the primary objective of the chaflty Is to eneble those of a Sikh herltage and Sikh commltment to share a place of worship, San8at (Con8regation) and langer (communal kitchen and food), the GNG prfdes Itself on belng able to extend Its bulldln8 and its volunteers time to all members of the Wairfn8ton communlty and neighbour1￿ towns. i) Practlce of Slkhism.. to provlde facilitles to enable followers of the SK 6.(Wn (Rehras. and evening prayers services). Increa51ng the knowlwdge of Slkhtsm and the functioning of the Gurdwara comminity focus and public benefft of wider community. We have hosted Prlmary and Secondary from across Cheshire. Students and teachers spend one to two hours Inslde the Gudwafa. They are 8lven a tour of the Gurdwara and shown of the faalit*s provlded to the Sawdat and made aware of the practices and traditional routine of prayers in the Gurdwara. They are tsken around the buildin8 and shown the lan8ar hall where all the worshlppers prepare food and eat together. The trustees have taken great steps forward wlth the help of Mr Gumiel Slngh Kandola of the Sikh council to follow the govemance of the tharfty. The accounts for the year 2023-2024 are on tlme plus the accounts for the ￿ar 2024-2025 will be handled even better because we have sought the help of an accountsnt who is the member of The inteiior of IMIldi￿ ha5 been improved to suit the needs of the cOng￿8ation. new carpets were fitted. the lightln8 has been replaced with more efficlent LED lights, the ￿l11Thg tlles have been replaced with newer tiles that have insulation incorporated and many other improvements that not onty make the Gurdwara a more pleasant experience to the con8re8atSon and visitors l)ut also make the bulld1￿ more energy efficient. GURU IdANAK GURDWARA WARRINGTON Trustees. Annual Report (continued) Year ended 30 JUNE 2024 Trustees are responslble for the maintenarKe and Integrlty of the charfty and financial inforniation. Monthty inome and expenditure is prepared and discussed on regularbasi& The income of the charity for the year amounted to £96,50112023: £68.694) gmng a surplus of £6.702 (2023: surplus of £31.687). Reserve pollcy It is the policy of the tft￿lees to malntsln reserves on the general funds of the charlty equal to about six M￿ths, expenditure. At the year*nd this would have required reserves of about £25.(NJ). Artual free reserve5 amounted to £37,710 (2023: £40.318) after allowing for fixed aoslng Statements The trustees also feel that the charlty should follow the teachln8 of Guru Nanak and help the needy. Hen￿ the Gurdwara has been providlng the food to homeless shelters and asylum seekers. The Gurdwara also hosts many 5th001 trfps and scouts on learnlng trips. The trustees, annual report was appoved on 24 February 2025 and signed on behalf of the board of tn￿teeS by: Mr K S Dhiifion Trustee Page 5 GURU NANAKGURDWARA WARRINGTON Independent Examinerfs Report to the Trustees of GURU NANAK GURDWARA WARRINGTON Year ended 30 JUNE 2024 I report to the tnstees on my examlnation of the fonanclal ststements of GURU NANAK GURDWARA WARRINGTON ('the charity,) for the year ended 30 June 2024. Responslbllltles and basls of report As the trustees of the charfty you are responslble for the preparation of the financlal statements in accordance with the requirements of the Charitles Act 2011 ('the Act,). I report In respect of my examination of the charltvs financlal statements carried out under section 145 of the 2011 Act and in carrying out my examinatlon I have followed all the applicable Direttions given by the Charity Commission under 5ectlon 145(51(b> of the ACL Independent examlnees statement I have completed my examination, I confirm that no materlal matters have come to my attention in connectlon wlth the examlnatlon giving me cause to belleve that in any materkl respect. accountln8 records were not kept In respect of the charlty as requlred by sertion 130 of the Act; or the flnanclal statements do not accord wlth those records; or the finandal statements do not comply wfth the appllcable requlrements Con￿MIng the form and contents of accounts set out in Charities (Accounts and reports) Regulations 2￿8 other than any requirement that the accounts give a 'true and fal vlew which is not a matter considered as part of an independent examlnation. I have no con￿rn and have come across no other matters In connectlon wlth the examlnation to whlch attention shpuld be drawn in this report in order to enable a proper unde¥standin8 of the accounts to be reached. Sa8hir Ahmad MBA FAIA Independent Examlner 2nd FIoDr 33 Bent Street Manchester M8 8NW Dated: 24 February 2025 Page 5 GURU KANAK GURDWARA WARRINGTON Statement of Financlal Artlvities Year ended 30 JUNE 2024 2024 2023 fund5 Toial funds Ti)lal furn15 Donations and le8acles Investment income 56,927 39,574 31,032 37,662 Totsl Income 96.501 Expendlture Expenditure on tharitable activttles 89.799 37.￿7 Total Expendlture 89.799 37,007 Net expendlture and ilet movement In funds 6,702 31.687 Reconcllatlon of funds Total funds brought forward 561,190 529,593 Totsl funds carrled forward 567,892 561.190 The ststement of financial artivlties includes all galns and losses recognised in the year. All income and expenditure derive from continuing activities. The notes on pa8e$ 9 to 16 form part of these flnanclal statements. Page 7 GURU NANAK GURDWARA WARRINGTON ststement of Financial Positlon 30JUNE 2024 2024 Fixed assets Tangible fixed assets Investments 272￿91 257.291 530.182 263.581 257,291 520.8n 13 Current assets Debtors Cash at bank and in hand 14 2.071 39.431 41,502 1,932 42.545 44,477 c￿dItOrs. amounts fairing due wlthln one year Is 3,792 4,159 Net cuffentassets 37.710 40,318 Total assets le55 current Ilabllltles 567,892 561.180 567m2 561,190 Funds of the charlty Unrestricted funds 567,892 561,190 Total ¢harlty fvnds 16 567,892 561,190 These financial statements were approved by the board of trustees and authorised for issue on 24 February 025, an are slgned on behalf of the l)oard by: Mr K S Dhllllon The notes on pages 9 to 16 ft)rm part of these financial statements. Page 8 GURU NANAK GURDWARA WARRINGTON Notes to the Financial Statements Year ended 30 JUNE 2024 General Infon￿atIOn The charity is public entity and a re8iStered tharity in England and Wales and is unincorported. The address of the principal office is Dover Road, Latchford, Warrlngton, WA4 INW. 2. stateffl￿ of compllance These financlal statements haved been prepared In accordance wlth FRS102, The Financlal Reporting Standard applicable ifi the UK and republic of Ireland,, the statement of reComft￿fided PractKe applicable to charities preparing their accounts in accordance with the Financial Reportin8 Stsndard applicable In thr UK and Republlc of Ireland {FRS 102) (Charftles SORP (FRS 102)) and the the Charities Act 2011. Accountlns polkles Basls of preparatlon The flnancial statements have been prepared on hlstorlcal cost basis, as modified by the revaluation of ￿rtain assets and liabilities and investment properties measured at falr value through Income or expenditure. The financial statement are prepared In sterlln& whlch Is the funclational currency of the entlty. Golng concern There are no material uncertanities about charlty's ability to continue. Judgement and key sources of estlmatlon uncertalnlty The preparation of the financial satements requires the trustees to make judegement. estimate5 and assumptlons that addect the amounts reported. These estimates and judgements are continually reviewed and are based on experlence and other factors. including expectations of future events that are believed to be reasonable under the Circumstan￿5. Unrestricted funds are available for the use at the d1￿CtiOn of the trustees to further any of the charity's purposes. Designated funds are unrestricted funds earmarked by the trustees for particular further project or commitment. Page 9 GURU NANAK GURDWARA WARRINGTON Notes to the Flnancial Statements (contlnued) Year ended 30 JUNE 2024 Accountj￿ pollcles {conUnued) Restrlrted funds are subietted to restrirtions on their expenditure de￿a￿d by the donor or through the tern)s of appeal. and fall Snto one of two sub-classes: restricted funds or endowment funds. Incomln8 resources All Incoming resources are included in the statement of financial activities when entitlement has passed to the charity," It Is posslble that the economlc beneffts associated with the transactfon wlll flow to the charity and the amount can be reliably measured. The following specfic policies are applied to particular categorie5 of income: Income from donatlon and 8rants Is reco8n15ed when there ts evldence of ent￿ement to the gift, receipt 15 probable and Its amount an be measured reliably. legacy income Is reco8nised when recelpt is probable and entitlement is estsblished. Income from donated goods is measured at the falr value of the Boods unless St Is Impractical to measure rellably. In whlch case the value Is dervied from the cost to the donor or the estimated resale value. Donated facilities and serVI￿S are recognised in the accounts when recelved If the value can be rellably measured. No amount are included for the contrfjbution of general volunteers. income from contracts forthe supply of servI￿S are recognised with the dellvery of the contratted servlce. This is classified as unrestrlcted funds unless there is contrattual requlrement for It to be spent on a partlcular purpose and returned If unspenL in which case it may be regarded as restricted. Resources expended Expenditure is recognised on an accruals basis as a liability incurred. Expenditure includes any VAT which can not be fully recovered, and is dassified under headings of the statement of flnanclal actfvlties to which It relates: expenditure on raising funds includes the costs of all the fundraislng activities, events, non-charitable trading actfvities. and sale of donated goods. expenditure on charitable activities Includes all costs incurred by the charity In undertaking activities that further its charftable alms for the benefit of its beneficiarles, including those support costs relating to the governance of the charity apportioned to charitable activities. Page 10 GURU NANAK GURDWARA WARRINGTON Notes to the Financial Statements (conts-nued) Year ended 30 JUNE 2024 3. AcC￿ntI￿ policles Icontlnued) Resources expended Icontlnuedj other expenditu￿ includes all expenditure that is neither related to raisire funds for the charity nor part of its expenditure on charitable actlvities. AII costs are allocated to expenditure categorles reflectlng the use of the resource. DFrect costs attributable to a slngle aCtI￿ty a￿ allocated dlrectty to the activity. Shared costs are apportioned between the activities they contribute to a reasonable, justlfiable and consistent basis. Tanglble assets Tangible assets are intialty recorded at cost, and subsequently stated at cost less any accumulated depreciatlon and Impalrment losses. Any tsngible assets carried at revalued amounts are recorded at the fair value at the date of revaluatlon less any subsequent accumulated impairnient losses. An Increase in the carrying amount of an asset as a result of a revaluation, is reco8nised In other recognlsed galns and losses, unless it reverse a charge of impaimient that has wevlously been recognised as expenditure within the ststement of flnancial activities. A dec￿ase In the carryln8 amount of which It offsets any prevlous revaluatlon galn, In which case the loss Is shown within other recognised gains and losses on the statements of financial actlvitles. Investment propertv Investmenr property ts Inltially recorded at cost, whlch include purchase prlce and any directly attributable expendlture. Investment property is revalued ti its frdir value at each reporting date and any changes in falr value ae recogntsed in income or expendlture. If a rellable measure of fair value ts no longer avallablewlthout undue cost or efftirt for an Item of investment property, it shall be transferred to tsngible assets and treated as such until it IS expected that fair value will be reliabty measurable on an on*oin8 basis. Impalrment of fixed assets A revlew of indicators of impalrment is carrFed out at each reporting date, with the recoverable amount belng estimated where such indicator exist. Where the carrying value exceeds the recoverable amount. the asset Is impaired accordln8ly. Prlor impairment are also reviewed for possible reversal at each reporting date. Page 11 GURU NANAK GURDWARA WARRINGTON Notes to the Flnancial Statements (continuedj Year ended 30 JUNE 2024 Account1￿ policies (tontlnuedj Imp*ment of tlxed assets (continuedl For the purposes of Impainnent testing, when it is not POS5ible to estlmate the recoverable amount of an Individual awt, an estlmate Is made of the recoverable amount of the cash- generating unit to which the asset belong. The cash%enerating unit is the smallest Identifiable groups of assets that include the asset and genetates cash inflows that largely Independent of the cash Inflows from other assets or group of assets. For impairmeirt testin8 of goodwill, the goodwlll acquired In a business combination is, from the acqulsltlon date, allocated to each of the cash-generating units that are expected to benefft from the synergles of the comblnation, Irrespective of whether other assets or liabilities of the charlty are assigned to those units. Government grants Government grants are recognlsed at the falr value of the asset receNed or recelvable. Grants are not reco8nised untll there is reasonable assurance that the charity will comply wlth the condition5 attaching to them and the grant wil be received. whe￿ the grants does not imposed speclfied future perfomiance-related conditlons on the reclpienL it is reco8nised in income when the grant proceeds are reclved or receivable. Where the 8rant does impose speclfied fvture performance-related conditions on the recelpent, it is recognlsed In Income only when the performance-related conditions have been met. Where grants rec5ved are prior to satlsying the revenue reco8nised criteria. they are recognised as a Page 12 GURU NANAKGURDWARA WARRINGTON Notes to the Financlal Statements (contlnued) Year ended 30 JUNE 2024 . Donations and legacks Une5trktsd Total Funds Funds 2024 Unestslcted Totsl Fund$ Funds Donatlty Donations Donation from Local Charity 52.927 52,927 28.032 28,032 56,927 56,927 31,032 31,032 5. Investment Income Unestrfcted Total Funds Funds 2024 Unestrkted Total Funds Funds 2023 Income from investment properties Bank interest receivable 39,542 32 39,574 39,542 32 39,574 37,647 15 37,662 37,647 15 37,662 Expendtture on charltable actlvltles by fund type Unestrfcted Totsl Funds Funds 2024 Unestrkted Total Funds Funds 2023 Furtherance of Sikh rell8lon Support costs 87,799 2,000 89,799 87,799 35,407 1.6CM) 37,007 35.407 89,799 37,007 7. Expendlture on charftable actlvltles ty actlvlty type Athltles undertaken Support directly costs Total Funds Total Fund5 2024 Furtherance of Slkh relEion Governance costs 87.799 87.799 35,407 87,799 2,000 89.799 37,(X)7 8. Net expendlture Net expenditure is stated after chargind(creditin8).' 2024 2023 Depreclation of tan8ible fixed assets 2,289 2,133 Page 13 GURU NANAK GURDWARA WARRINGTON Notes to the Financial Statements (continued) Year ended 30 JUNE 2024 Independent eXamInati¢￿ fees 2024 Fees payable to the independent examiner for: Independent examination of the financSal statements 2,(￿0 1.6LXI 10. Staff c03ts The total Stsff costs and employees benefits for the reporting period are anal￿d as follows: 2024 2023 Wages and 5alarles 10,980 9,187 The aveiage head count of employees during thre year was 1 (2023: 1). No employee received employee benefits of more than £60,0(M) during the year (2023: Nil). 11. Trustee remunerntlon and expenses There was no remuneratlon for the Trustees. Tan8lble flx•d a￿ets Land and Flxtures bulldlngs and flttinss Total Cost At l July 2023 Addltfons 252.295 21.325 11,599 273,620 11,599 At 30 June 2024 252.295 32.924 285.219 Depreclatlon At l July 2023 Charge5 for the year 10,039 2,289 10,039 2,289 At 30 June 2024 12,328 12.328 Carrylng amount At 30 June 2024 252.295 20.596 272,891 At 30 June 2023 252.295 11,286 263,581 Page 14 GURU NANAKGURDWARA WARRINGTON Notes to the Flnancial Statements (continuedj Year ended 30 JUNE 2024 13. Investmeiits propudas At l July 2023 and 30 June 2024 257.291 Impalrment At l Juty 2023 and 30 June 2024 Carrylng amount At 30 June 2024 257,291 At 30 June 2023 257.291 All Investments shown above are held at valuatlon. The investments propertles above are stated at cost, as In the oplnlon of the Trustees that Is not materlalty diffe￿nt from their fair value. 14. Debtors 2024 Prepayments and accrued income 2.071 1,932 15. Credftors: amounts fallln8 due wlthln one year 2024 Trade credltors Accruals and deferred Income 192 3,600 559 3,792 4,159 Page 15 GURU NANAKGURDWARA WARRINGTON Notes to the Financlal Statements (continued) Year ended 30 JUNE 2024 l& Anatysls of charftable fun( Unrestricted funds As at 1st July Income Expenditure 2023 At June June 2024 General funds 561,190 96,501 189.799) 567,892 As at 1st Juty 2022 At Jun• June 2023 Income Expendlture General funds 529,503 68,694 (37,007) 561,190 17. Anatysls of net assets between funds Unrestrlcted Funds Total Fund5 Tangible fixed assets Current assets Credltors less than l year 530,182 41,502 (3.792) 530,182 41,502 (3,792) Net assets 567,892 567,892 Total Funds 2023 Funds Tangible fixed assets Current assets Creditors less than l year Net assets 520,872 44.477 (4,159} 561,190 520,872 44,477 (4,159) 561,190 Page 16 GURU NANAK GURDWARA WARRINGTON Management Infomiation Year ended 30 JUNE 2024 The followlng pages do not forni part of the financlal statement& Page 17 GURU NANAKGURDWARA WARRINGTON Detalled Statements of Flnancial Activities Year ended 30 JUNE 2024 2024 2023 Income and endowments Donatlons and legacles tjonations Donation from Local Charity 52,927 28,032 56,927 31.032 Investment Income Income from Investment propertles Bank Inte￿$t re￿1vable 39.542 32 39.574 37,647 15 37,662 Totsl Income 96.501 68.694 Expendlture Expendfture on charltable acthrft Purchases Wages and salarfes Prlnting and stationery Rates and water Llght and heat Repairs and maintenance Insurance Other establishment Legal and professional fees Telephone Other office costs Depreciation External religlous servkes 4,408 10,980 150 295 22,557 23.050 3.214 5,992 7.256 573 445 2,289 8,590 3,193 9,187 6,458 5,619 2,680 1,418 420 2,133 3.910 37,007 Total expendlture 89,799 37.IX)7 Net Income 6,702 31.687 Page 18