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2020-12-31-accounts

Charity Registration No. 519137

GURU NANAK NISHKAM SEWAK JATHA (LEEDS) UK ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2020

GURU NANAK NISHKAM SEWAK JATHA (LEEDS) UK

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees' Pritpal Singh Dhanjal (Chairman) (Deceased 20 February 2021)
Jarnail Singh Sihra (Treasurer)
Gurmukh Singh Deagon
Hardip Singh Soor
Ravinder Singh Sagoo
Charity number 519137
Principal address 78 Lady Pit Lane
Beeston
Leeds
LS11 6DP
Bankers Natwest PLC
Leeds, City Office
8 Park Row
Leeds
LS1 5HD
Accountants Henton & Co LLP
Chartered Accountants
Northgate
118 North Street
Leeds
LS2 7PN

GURU NANAK NISHKAM SEWAK JATHA (LEEDS) UK

CONTENTS

Page
Trustees' report 1 - 8
Independent examiner's report 9
Statement of financial activities 10
Balance sheet 11
Notes to the financial statements 12 - 19

GURU NANAK NISHKAM SEWAK JATHA (LEEDS) UK

TRUSTEES' REPORT FOR THE YEAR ENDED 31 DECEMBER 2020

The Trustees' present their report and financial statements for the year ended 31 December 2020.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the the charity's constitution , the Charities Act 2011 and “Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)” (as amended for accounting periods commencing from 1 January 2016)

Mission statement

Guru Nanak Nishkam Sewak Jatha (Leeds) UK is a non-political, non-profit making, religious charitable organisation committed to the selfless service of humanity at large and the propagation, practice and advancement of Sikhism based upon the teachings of the ten Guru's and Siri Guru Granth Sahib Ji.

Governing Document

The charity is governed by its constitution adopted on 1st December 1986.

Trustees & members of the supreme council

Pritpal Singh Dhanjal (Chairman - Deceased 20 February 2021) Jarnail Singh Sihra (Treasurer) Gurmukh Singh Deagon Hardip Singh Soor Ravinder Singh Sagoo

Funding

Main source of income for this institution is from donations made by the congregation. The variety of activities, high standard of service and quality are the main force of attraction for the congregation. Other sources of income are two mobile phone aerial sets and two houses on Lady Pit Lane (No: 72 and 76).

Financial support has been given by NatWest Bank and our sister organisations based in Birmingham and London.

Objectives and activities

a. Gurdwara:

Early morning prayers, mid-morning prayers and evening prayers take place daily. Celebrations of Religious festivals are conducted through Akhand Paath's, which are three days of reciting of scriptures from Siri Granth Sahib Ji. Celebration of other socio-religious activities (Betrothals, birthdays, weddings, and funerals) are a regular feature. Congregational worship takes place on Wednesdays, Saturdays and Sundays.

b. Langar and Charity Work:

Langar stands for "Guru's Free Kitchen". Fresh vegetarian food cooked daily in the Gurus kitchen is served to all - Sikhs and non-Sikhs. This 'open door policy' is availed by elderly local residents, refugees, asylum seekers, drunks and drug addicts. 1,000 to 1,200 meals per week are served. Other beneficiaries are: St George's Crypt, PAFRAS and LASSN in the way regular donation of food is material and warm clothing.

c. Interfaith Work:

Visits from schools, FE colleges, local universities are encouraged. Diversity Training: Police force, Prison Service, NHS, Chamber of Commerce. Share teaching of Indian music with Leeds College of Music and SAA (UK) in order to promote community cohesion and harmony.

GURU NANAK NISHKAM SEWAK JATHA (LEEDS) UK

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020

d. Education: Music:

Lessons in Indian Musical Instruments such as Harmonium, Sitar, Dilruba, Santoor, Tabla and vocals are available to the whole community.

Punjabi School:

To make children familiar with the language in which our Holy Scriptures are written, we operate Punjabi School for an hour and half every Wednesday. The school also imparts lessons in Sikh History/theology and religious/cultural values, which help in bringing children up to becoming good citizens.

Sewing Classes:

A project developed by young women to learn the art of making dresses and useful skills for the clothing industry.

Computer Suite:

A facility created for children from poor families and for elderly members of the community to become computer literates and skilful in internet browsing.

Healthy Living:

Reiki, Taichi and Yoga classes for elderly members, conducted in partnership with Sikh Elders Service under the umbrella of Touchstone. Purposeful contact has now been established with Black Health Initiative and a number of health initiatives have taken place in the Gurdwara Premises e.g. Eye examinations to find early incidence of diabetes and Bowl Cancer awareness.

e. Staff and Office:

Three full time Granthi's (Ministers of Religion). One world class music teacher (Indian musical instruments and vocal training). Most of the work connected with office work, cleaning work, building maintenance work, cooking, gardening etc. is done by volunteers.

f. Partnership Development:

Local Authority, Church of England and Schools, LEA Schools, Catholic Church and Schools, Hamara Centre, Huraria Islamic Mosque, Hindu Temple, and other Gurdwara's in Leeds and surrounding districts. Leeds Faith Forum, York St. John's University, Trinity and All Saints College, Leeds College of Music, South Asian Arts UK, Leeds Museum, SACRE Leeds, Police and Prison Services. British Sikh Consultative Forum and Sikh Chaplaincy. Black Health Initiative.

g. Strategy and Future Vision:

Develop Five Centres of Excellence to fulfil our vision.

  1. To acquire more land and buildings close to the Gurdwara.

  2. To seek funding streams and resources to finance the projects.

  3. To develop more active engagement with Local Authority/ Voluntary Sector.

  4. To address issues of multiple deprivation in South Leeds and seek sustainable solutions.

  5. To develop Health and Wellbeing Strategy among South Asian communities, specially addressing incidence of diabetes and coronary disease.

  6. To develop Value Based Educational facilities.

  7. To develop facilities for care of Elderly Sikhs.

  8. To develop Social Enterprises and create employment opportunities.

  9. 2 -

GURU NANAK NISHKAM SEWAK JATHA (LEEDS) UK

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020

Centres of Excellence

Our belief in self-help, self-reliance and community participation has led us to expand our activities, to meet the needs of the Sikh and local community with the creation of the Centres for Excellence, all in close proximity of one another:

1. Spirituality

Gurdwara (78 Lady Pit Lane, Leeds, LS11 6DP).

2. Enterprise & Employment

Nishkam Community Cooperative

Create local employment and develop skills training e.g. manufacture PVC windows, steel security grills or handmade furniture workshop

3. Education & Civic Engagement

GURU NANAK NISHKAM SEWAK JATHA (LEEDS) UK

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020

4. Healthy Living

5. Care for Elderly & Children

Nishkam Centre Leeds

NCL (94 Lady Pit Lane, Leeds, LS11 6DP)

Achievements and performance

2020 was a great year of progress and achievements. The Sangat (congregation) have given great support in volunteering and fundraising to help complete the work started on the grand entrance (Dharshanee Dharee) and lobby from the main carpark side.

Grand Entrance (Dharshanee Dharee) and Lobby

Construction of the new entrance and lobby is 95% complete. Landscaping complete with trees and plants. The work on the foyer area is complete.

GURU NANAK NISHKAM SEWAK JATHA (LEEDS) UK

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020

Nursery Building Construction

Nursery to be built behind 94 Lady Pit Lane, Plaza Building site. Demolition of existing extension complete with works on the new construction and landscaping to start .

Construction on the new Nursery site has started and in full flow.

Boundary walls and footings in progress

GURU NANAK NISHKAM SEWAK JATHA (LEEDS) UK

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020

Roof works in progress with lots of help from trained volunteers .

Second Floor Darbar (Worship Hall) Construction

Refurbishment of the 2nd floor Darbar in progress including the extension over the new entrance and lobby .

GURU NANAK NISHKAM SEWAK JATHA (LEEDS) UK

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020

Financial review

The Statement of Financial Activities shows The trustees consider the surplus achieved on its activities to be satisfactory.

The Statement of Financial Activities shows net incoming resources of £530,738 for the year and reserves of

£2,127,817

During 2020, the Gurdwara saw significant movement in its income and expenditure. The increase is an initiative to fund raise and complete the renovation projects undertaken.

The constitution of the charity remains an important part of our management structure. Compliance to the constitution and to the principles of Sikhism remains priority.

During 2020 the foot flow of congregation was substantially lower due to Covid-19 restrictions and lockdowns. The support from the community the bank and commitment from the trustees we have been able get through this period without impacting our financial position.

Reserve policy

The present level of funding is adequate to support the continuation of the current running of the charity.

The Trustees' has assessed the major risks to which the the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.

Plans for future periods

The Trustees are looking forward to the opening of the new nursery in 2021. The building renovation works will continue on the new entrance (Dharshanee Dharee) into 2021. Plans for the second floor Darbar (worship hall) completion in 2021 is on schedule.

Important changes since the year end

The following updates have been noted from the year end date to the date of filing.

Pritpal Singh Dhanjal (Chairman) - Passed away in Feb 2021 Ravinder Singh Sagoo - Resigned as trustee April 2021

Tarlokh Singh Dhanjal - Appointed as Trustee and Chairman June 2021 Gurdev Singh Bhogal - Appointed as Trustee June 2021

Conclusion

The trustees remain indebted to all those who continue to perform selfless service in the name of the Almighty. Our Ardas (prays) remains for their blessings.

We look forward to next year to further capitalise on the assets of the charity and continue to deliver towards the needs of our growing beneficiaries.

GURU NANAK NISHKAM SEWAK JATHA (LEEDS) UK

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020

Statement of Trustees' responsibilities

The Trustees' are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England and Wales requires the Trustees' to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the the charity and of the incoming resources and application of resources of the the charity for that year.

In preparing these financial statements, the Trustees' are required to:

The Trustees' are responsible for keeping sufficient accounting records that disclose with reasonable accuracy at any time the financial position of the the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The Trustees' r eport was approved by the Board of Trustees'.

Jarnail Singh Sihra

Trustee Dated: 26 October 2021

GURU NANAK NISHKAM SEWAK JATHA (LEEDS) UK

INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES' OF GURU NANAK NISHKAM SEWAK JATHA (LEEDS) UK

I report to the Trustees' on my examination of the financial statements of Guru Nanak Nishkam Sewak Jatha (Leeds) UK (the the charity) for the year ended 31 December 2020.

This report is made solely to the charity's trustees, as a body. My examination has been undertaken so that I might state to the charity's trustees those matters I am required to state in an independent examiners report and for no other purpose.

Responsibilities and basis of report

As the Trustees' of the the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (the 2011 Act).

I report in respect of my examination of the the charity’s financial statements carried out under section 145 of the 2011 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 2011 Act.

Independent examiner's statement

Since the the charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of , which is one of the listed bodies.

Your attention is drawn to the fact that the charity has prepared financial statements in accordance with Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn.

I understand that this has been done in order for financial statements to provide a true and fair view in accordance with Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.

I have completed my examination. I confirm that no matters have come to my attention in connection with

the examination giving me cause to believe that in any material respect:

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.

Peter Hart, FCA Dated: 26 October 2021 Independent Examiner Hentons Chartered Accountants

GURU NANAK NISHKAM SEWAK JATHA (LEEDS) UK

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2020

Unrestricted Unrestricted
funds funds
2020 2019
Notes
£		 £
Income from:
Donations and legacies 4 608,807 401,030
Charitable activities 5 18,964 20,460
Investments 6 6,550 6,500
Total income 634,321 427,990
Expenditure on:
Charitable activities 7 103,583 128,640
Net income for the year/
Net movement in funds 530,738 299,350
Fund balances at 1 January 2020 1,597,079 1,297,729
Fund balances at 31 December 2020 2,127,817 1,597,079

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

GURU NANAK NISHKAM SEWAK JATHA (LEEDS) UK

BALANCE SHEET

AS AT 31 DECEMBER 2020

Notes
Fixed assets
Tangible assets
10
Investment properties
11
Current assets
Debtors
12
Cash at bank and in hand
Creditors: amounts falling due within
one year
13
Net current assets/(liabilities)
Total assets less current liabilities
Creditors: amounts falling due after
more than one year
14
Net assets
Income funds
Unrestricted funds		 2020
£
£
2,330,961
140,000
2,470,961
1,348
200,365
201,713
(174,410)
27,303
2,498,264
(370,447)
2,127,817
2,127,817
2,127,817		 2019
£
£
2,203,207
-
2,203,207
5,546
31,830
37,376
(167,810)
(130,434)
2,072,773
(475,694)
1,597,079
1,597,079
1,597,079

The financial statements were approved by the Trustees' on 26 October 2021

Jarnail Singh Sihra Trustee

GURU NANAK NISHKAM SEWAK JATHA (LEEDS) UK

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

1 Accounting policies

Charity information

Guru Nanak Nishkam Sewak Jatha (Leeds) UK is a charity governed by its constitution adopted on 1st December 1986. Registered number 519137.

1.1 Accounting convention

The financial statements have been prepared in accordance with the the charity's constitution, the Charities Act 2011 and “Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)” (as amended for accounting periods commencing from 1 January 2016). The the charity is a Public Benefit Entity as defined by FRS 102.

The the charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.

The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.

The financial statements are prepared in sterling , which is the functional currency of the the charity. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.2 Going concern

At the time of approving the financial statements, the Trustees' have a reasonable expectation that the the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the Trustees' continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the Trustees' in furtherance of their charitable objectives.

1.4 Incoming resources

Income is recognised when the the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Income received by the way of grants is included in full in the Statement of Financial Activities when receivable, and matched to specific time periods or expenditure where appropriate.

Income from charitable activities which include hall/room hire and the provision of other charitable services are included when earned and receivable.

GURU NANAK NISHKAM SEWAK JATHA (LEEDS) UK

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020

1 Accounting policies

(Continued)

1.5 Resources expended

Expenditure is recognised on the accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be recovered, and is reported as part of the expenditure to which it relates:

Costs are allocated between the funds on a basis designed to reflect the use of the resource. Costs relating to a particular activity are allocated directly, others are apportioned on the basis of total income.

1.6 Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold land & buildings

10% straight line basis

1.7 Investment properties

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. The surplus or deficit on revaluation is recognised in profit or loss.

1.8 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.9 Financial instruments

The the charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the the charity's balance sheet when the the charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are measured at transaction price .

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are recognised at transaction price .

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities.

GURU NANAK NISHKAM SEWAK JATHA (LEEDS) UK

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020

1 Accounting policies

(Continued)

1.10 Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

2 Critical accounting estimates and judgements

In the application of the the charity’s accounting policies, the Trustees' are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3 Volunteers

Guru Nanak Nishkam Jatha relies on volunteers to carry out the management, administration and general maintenance work. The trust has no paid employees or paid trustees other than general cleaning and kitchen work. In accordance with FRS 102 and the Charities SORP FRS 102, the economic contribution of general volunteers is not recognised in the accounts.

4 Donations and legacies

Unrestricted Unrestricted
funds funds
2020 2019
£ £
Donations and gifts 167,014 375,107
Grants receivable 440,214 -
Other 1,579 25,923
608,807 401,030
Donations and gifts
Darbar 49,303 268,132
Private - Individual Donations 105,692 96,722
Standing Orders 12,019 9,748
Other - 505
167,014 375,107

GURU NANAK NISHKAM SEWAK JATHA (LEEDS) UK

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020

Donations and legacies
Grants receivable
Government grant income
Grants from institutions		 (Continued)
20,214
-
420,000
-
440,214
-

4 Donations and legacies

5 Charitable activities

Unrestricted
Unrestricted
funds
funds
2020
2019
£
£
Rental Income - T/Mobile Mast 11,000
11,000
Rental Income - Telefonica Mast 6,442
6,442
Hall Hire 1,500
3,000
Bank Interest Received 22
18
18,964
20,460

6 Investments

Unrestricted Total
funds funds
2020 2019
£ £
72/76 Lady Pit Lane Houses 6,550 6,500

GURU NANAK NISHKAM SEWAK JATHA (LEEDS) UK

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020

7 Charitable activities

Unrestricted Unrestricted
funds funds
2020 2019
£ £
Wages 26,250 38,120
Depreciation 10,061 4,928
Rates 970 600
Water Rates 3,928 6,543
Insurance 7,361 6,532
Light and Heat 17,118 22,499
Repairs and Renewals 13,823 425
Telephone and Internet 1,068 1,949
Bank Charges 1,517 2,061
Postage, Printing and Stationery 530 989
Sundries 2,226 10,017
Cleaning Expenses 3,930 4,341
Kitchen Expenses 6,483 15,100
Legal and Professional 155 715
Letting Agents Management Fees 786 3,180
Accountancy 600 636
Bank Loan Interest 5,714 7,456
Visiting Priests 1,063 1,901
Motor Vehicle - 648
103,583 128,640

8 Trustees'

None of the Trustees' (or any persons connected with them) received any remuneration or benefits from the the charity during the year.

GURU NANAK NISHKAM SEWAK JATHA (LEEDS) UK

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020

9 Employees

Number of employees

The average monthly number of employees during the year was:

Employment costs
Wages and salaries		 2020
Number
2
2020
£
26,250		 2019
Number
2
2019
£
38,120

There is no key management with remuneration.

No member of staff earned over £60,000 (201 9 : nil),

10 Tangible fixed assets

Freehold land
& buildings
Assets under
construction
£
£
Cost
At 1 January 2020
2,158,850
-
Additions
-
277,602
Transfer to investment property
(140,000)
-
Transfer to assets under construction
(2,018,850)
2,018,850
At 31 December 2020
-
2,296,452
Depreciation and impairment
At 1 January 2020
-
-
Depreciation charged in the year
-
-
At 31 December 2020
-
-
Carrying amount
At 31 December 2020
-
2,296,452
At 31 December 2019
2,158,850
-		 Fixtures &
fittings
£
100,411
213
-
-
100,624
56,054
10,061
66,115
34,509
44,357		 Total
£
2,259,261
277,815
(140,000)
-
2,397,076
56,054
10,061
66,115
2,330,961
2,203,207

GURU NANAK NISHKAM SEWAK JATHA (LEEDS) UK

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020

11
Investment property
Fair value
At 1 January 2020
Transfers from freehold land and buildings
At 31 December 2020
12
Debtors
Amounts falling due within one year:
Prepayments and accrued income
13
Creditors: amounts falling due within one year
Other taxation and social security
Trade creditors
Other creditors
Accruals and deferred income
14
Creditors: amounts falling due after more than one year
Notes
Bank loans
Other creditors		 2020
£
1,348
2020
£
255
146,879
26,676
600
174,410
2020
£
220,447
150,000
370,447		 2020
£
-
140,000
140,000
2019
£
5,546
2019
£
115
130,101
36,994
600
167,810
2019
£
175,694
300,000
475,694

Other creditors include amounts owed to GNNSJ Birmingham £ 150 ,000 (2019: £50,000). The Other creditors recognised in the 2019 financial statements have been recorded as 'Grants from institutions' in the year.

GURU NANAK NISHKAM SEWAK JATHA (LEEDS) UK

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020

15 Analysis of net assets between funds Total
Unrestricted Total funds unrestricted
funds funds
2020 2020 2019
£ £ £
Fund balances at 31 December 2020 are represented by:
Tangible assets 2,330,961 2,330,961 2,203,207
Investment properties 140,000 140,000 -
Current assets/(liabilities) 27,303 27,303 (130,434)
Long term liabilities (370,447)
(370,447)
(475,694)
2,127,817 2,127,817 1,597,079

16 Related party transactions

There were no disclosable related party transactions during the year (2019 - none).