Charity registration number꞉ SC032004
GURDWARA GURU GRANTH SAHIB SIKH SABHA TRUSTEES' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
Ballantyne & Co Chartered Accountants & Registered Auditors 60 St. Enoch Square Glasgow G1 4AG
Gurdwara Guru Granth Sahib Sikh Sabha Contents
| Page | |
|---|---|
| Reference and Administrative Details | 1 |
| Trustees' Report | 2—4 |
| Independent Auditor's Report | 5—6 |
| Statement of Financial Activities | 7 |
| Comparative Statement of Financial Activities | 8 |
| Statement of Financial Position | 9 |
| Statement of Cash Flows | 10 |
| Notes to the Statement of Cash Flows | 11 |
| Notes to the Financial Statements | 12—17 |
| The following pages do not form part of the statutory accounts꞉ | |
| Detailed Statement of Financial Activities | 18 |
Gurdwara Guru Granth Sahib Sikh Sabha Reference and Administrative Details For The Year Ended 31 March 2025
Trustees
Charity Number
Principal Address Gurdwara premises 37 Albert Drive Glasgow G41 2PE Accountants Ballantyne & Co Chartered Accountants & Registered Auditors 60 St. Enoch Square Glasgow G1 4AG
Page 1
Gurdwara Guru Granth Sahib Sikh Sabha
Trustees' Report For The Year Ended 31 March 2025
The trustees present their report and the financial statements for the year ended 31 March 2025.
Objectives and Activities
Aims and Objectives
The trustees present their report with the financial statements of the charity for the year ended 31 March 2025. The trustees have adopted the provisions of 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) (effective 1 January 2019).
Aims
To increase understanding of the Sikh religion in Glasgow for the benefit of the public in particular through the provision of religious and cultural services, public community celebrations of key festivals and the availability of literature, materials and visiting opportunities.
To advance the educational achievements of the local community by increasing the social and welfare opportunities with the objectives of improving the life chances of the community.
Objectives
The objectives of the Gurdwara are to꞉
‑ educate and increase public awareness of the Sikh religion.
‑ promote health and wellbeing, lifelong learning and sport to all members of the community.
‑ provide teaching facilities for the Punjabi language and music.
‑ develop community partnerships to create permanent and positive community relationships.
Volunteers
Toe Gurdwara is managed by volunteers and is an important element of the Sikh faith. Volunteers are involved in all aspects of the Gurdwara at management and educational levels. Volunteering opportunities are open to all members of the community.
Achievements and Performance
Main Achievements
Charitable Activities Religious
The Gurdwara is open seven days a week for religious prayer services which include daily services, festivals, funeral and wedding services.
Education
The Gurdwara provides a robust education programme including꞉
Punjabi ‑ classes run three times a week for students from six years of age to forty years of age.
ESOL English ‑ in partnership with Glasgow Clyde College providing ESOL English for three hours per week. Music provision ‑ classes run three times a week in Harmonium and Tabla and music sessions through the choir. Nursery ‑ the Gurdwara runs a free nursery service once a week for young children up the age of four. Library ‑ the Gurdwara operates a free library service which includes the use of IT facilities.
Community Activities
The Gurdwara participates in a number of community activities including Open Doors and the Southside Festival. The Gurdwara offers free school/educational visits all year round. A free to use Advice Clinic is available to members of the community. IT, yoga and other sports classes are available to the wider community.
Partnership Working
The Gurdwara operates a robust partnership working approach. We work closely with Tramway and Hidden Gardens on Albert Drive and have a sound relationship with Glasgow Council and the Scottish Government as well as other agencies such as Glasgow City Marketing Bureau and Diabetes UK.
Fundraising Activities
The Gurdwara regularly supports international aid relief and have given generously to various international disaster relief campaigns over the years. The Gurdwara also has a nominated charity which it supports consistently to fund education and poverty relief projects.
The charity also provides cooked meals to members of the local community.
...CONTINUED
Page 2
Gurdwara Guru Granth Sahib Sikh Sabha Trustees' Repo11 (continued) For The Year Ended 31 March 2025
Main Achievements - continued
Financial Re'l<iew
Financial Position
During the year the charity received donations of £981,802 (2024- £888,911). Donations have remained consistent from the previous year with the only shortfall beinga timing difference brought about with the Gift Aid reclaims.
Overhead expenses amounted to £434,108 (2024- £472,491) leaving a surplus for the year of£547,694 (2024- £416,020). Principal reasons for the increase in surplus is an overall increase in donations and decrease in expenditur by approximately £38k.
Reserves Policy
The charity has a regular source of donated income. It is theintention to keep cash reserves sufficient to meet 3 months of general expenditure.
Going Concern
The trustees consider that there are no material uncertainties about the charity's ability ot continue as a goingconcern.
Additional Note
Principal funding sources
The principal funding source is from donations received from members of the Sikh community, charities and businesses.
Structure, Gove1·nance and i\lanagement
Governing Document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporatedcharity.
Trustee Selection Methods
Rec.ruitment and appointment of new trustees
New trustees may be sought to enhance or increase the range of expertise available to the charity. New trustees are appointed by the existing trustees. There is no formal induction programme for any newly appointed trustees. New tmstees are given information containing a brief history of the charity, copies of most recent annual reports and accounts, advice on powers and responsibilities of trustees, a copy of the trust deed and a copy of the Scottish Charity Regulator's Guidance: Guidance for Charity trustees.
The trustee/ management committee details ai-e as follows:
President: Vice President: General Secretary: Assistant Secretary: Stage Secretary: Treasurer: Assistant Treasurer: Assistant Treasurer:
Page3
Curdiyara Guru Cranth Sahib Sikb S%bh Trnstees, Report {continued) Foi. The Yeai. Ended 31 Mai'ch 2025 Ststejnellt of TI"£1ees, Res) The Itee5 are Tesp)n*ble foi ptepanng theTrnsttts' Re and the fina0cl ststements io accordance with apphcable Jaw and Urited Kmgdom Accou Standards (United KMgdomGeta1fy Accepted Arcouating PTrctice). view of the state of affau5 ofthe chan.ty andofthe incoming reSOuK andapph"cationof tesource5 ofthe Ch]ty forthatperiod Jo wepjring the fancl seleci suitable accounting pohcies andthen apply theMtLs1StelldY.. observe themethods andprincleS in thechan.ty SOBP. The S)n7)le for keepjng adequate accouulillg rec(l£ vAtich th"sclose with lsonable accuracy at allytill the fiuanaal po0 of the dlty and to eDable the to eJJsute that tkaccouuts comply with the CTrwities Act 201[ tlknity (Account5 alldRewrts) Regulation5 2008 aud thePSirls of the trust deed Thry are also res[rf>1b]e for safeguardmg the assets of the chan.ty and heffle for a$(nable steps for the prn'entson and detecti of United Skngdctn gol'ern theweparnion atrjdtssts0ll of finanaal sthtemeDts nlly dlffer fromlepslation in otherJWth"aAth.
Independent Auditor's Report to the Members of Gurdwara Guru Granth Sahib Sikh Sabha
Opinion
We have audited the financial statements of Gurdwara Guru Granth Sahib Sikh Sabha (the "charity") for the year ended 31 March 2025 which comprise the Statement of Financial Activities (including Income and Expenditure Account), Statement of Financial Position, Statement of Cash Flows and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland".
In our opinion the financial statements꞉
give a true and fair view of the state of the charity's affairs as at 31 March 2025 and of its incoming resources and application of resources, for the year then ended;
- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
have been prepared in accordance with the requirements of the Charities Act 2011.
Basis for Opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions Relating to Going Concern
In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least 12 months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.
Other Information
The other information comprises the information included in the annual report, other than the financial statements and our auditor's report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
Matters on Which We Are Required to Report by Exception
We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 require us to report to you if, in our opinion꞉
the information given in the Trustees' Report is inconsistent in any material respect with the financial statements; or
sufficient accounting records have not been kept; or
the financial statements are not in agreement with the accounting records or returns; or
we have not received all the information and explanations we require for our audit.
Responsibilities of Trustees
As explained more fully in the Trustees' Responsibilities Statement set out on page 2—4, the trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the trustees are responsible for assessing the charity's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so.
Page 5
Independent Auditor's Report.(continued) to the Members of Gurdwara Guru Granth Sahib Sikh Sabha
Audito1·'s Responsibilities for the Audit of the Financial Statements
We have been appointed as auditor under section 145 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
We have designed an approach in order to minimise any risk of material misstatement due to any fraud or irregularities. We first obtained an understanding of the regulatory framework in which the company operate, the most significant being the Financial Reporting Standard 102, with special regard to the charities SORP, and the UK wide employment legislation.
Having determined the relevant regulatory framework, we performed and documented a risk assessment of the business, and based on this we designed audit procedures intended to detect and fraud, irregularities or non-complianceaffecting the financial statements in a material way.
As part of the audit procedures, we made enquiries of management and those charged with governance. We have also, where possible andappropriate, verified the information provided with third parties, specifically the bank and the payroll agents.
We considered the risk of fraud through management override of controls, in order to mitigate the risks posed by this we have assessed all major transactions and sampled a cross section of income and expenses. We have not for the purpose of this audit placed reliance on the control environment when considering sample sizes, however we have assessed the controls in place in order to provide additional assurance against management override.
We have mitigated the risks of revenue recognition by again confirming controls are in place as regards the donations received and by performing comprehensive sampling of received income.
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting CoW1cil's website www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.
Use Of Our Report
This report is made solely to the charity's trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charity's trustees those matters that we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by Jaw, we do not accept or assume responsibility to anyone other than the charity and the charity's trustees as a body, for our audit work, for this report, or for the opinions we have formed.
2 December 2025
Ballantyne & Company Limited is eligible for appointment as auditor of the charity by virtue of its eligibility for appointment as auditor of a company under section 1212 of the Companies Act 2006.
Page 6
Gurdwara Guru Granth Sahib Sikh Sabha Statement of Financial Activities For The Year Ended 31 March 2025
| Notes INCOME AND ENDOWMENTS FROM꞉ Donations and legacies 4 Investments 5 EXPENDITURE ON꞉ Charitable activities꞉ 7 Community Outreach NET INCOME Transfers between funds 18 NET MOVEMENT IN FUNDS RECONCILIATION OF FUNDS꞉ Total funds brought forward TOTAL FUNDS CARRIED FORWARD 18 |
2025 2024 Unrestricted funds Restricted funds Total funds Total funds £ £ £ £ 877,036 102,453 979,489 886,495 2,313 - 2,313 2,416 |
|---|---|
| 879,349 102,453 981,802 888,911 |
|
| (243,013) (191,095) (434,108) (472,491) |
|
| 636,336 (88,642) 547,694 416,420 (508,192) 508,192 - - |
|
| 128,144 419,550 547,694 416,420 25,823 6,001,610 6,027,433 5,611,013 |
|
| 153,967 6,421,160 6,575,127 6,027,433 |
The notes on pages 11 to 17 form part of these financial statements.
Page 7
Gurdwara Guru Granth Sahib Sikh Sabha Comparative Statement of Financial Activities For The Year Ended 31 March 2025
| Notes INCOME AND ENDOWMENTS FROM꞉ Donations and legacies 4 Investments 5 EXPENDITURE ON꞉ Charitable activities꞉ 7 Community Outreach NET INCOME Transfers between funds 18 NET MOVEMENT IN FUNDS RECONCILIATION OF FUNDS꞉ Total funds brought forward TOTAL FUNDS CARRIED FORWARD 18 |
2024 Unrestricted funds Restricted funds Total funds £ £ £ 792,780 93,715 886,495 2,416 - 2,416 |
|---|---|
| 795,196 93,715 888,911 |
|
| (202,743) (269,748) (472,491) |
|
| 592,453 (176,033) 416,420 (600,000) 600,000 - |
|
| (7,547) 423,967 416,420 33,370 5,577,643 5,611,013 |
|
| 25,823 6,001,610 6,027,433 |
The notes on pages 11 to 17 form part of these financial statements.
Page 8
Gurdwara Guru Granth Sahib Sikh Sabha Statement of Financial Position As At 31 March 2025
| 2025 | **2024 ** | |||||
|---|---|---|---|---|---|---|
| Unl'estricted | Resti·icted | **Total funds ** | **Total funds ** | s | ||
| **funds ** | **funds ** | |||||
| Notes | £ | £ | £ | £ | ||
| **FIXEDASSETS ** | ||||||
| Tangible Assets | 13 | 19,290 | 6,801,034 | 6,820,324 | 6,896,982 | |
| 19,290 | 6,801,034 | 6,820,324 | 6,896,982 | |||
| **CURRENT ASSETS ** | ||||||
| Debtors | **14 ** | 350 | 350 | |||
| Cash at bank and in hand | 168,124 | 59,722 | 227,846 | 92,301 | 1 | |
| 168,124 | 59,722 | 227,846 | 92,651 | 1 | ||
| **C!'editol's: Amounts FallingDue Within One Year ** | **15 ** | (33,447) | (439,596) | (473,043) | (608,604) | |
| NET CURRENT ASSETS (LIABILITIES) | 134,677 | (379,874) | (245,197) | (515,953) | ||
| **TOT AL ASSETS LESS CURRENT LIABILITIES ** | 153,967 | 6,421,160 | 6,575,127 | 6,381,029 | ||
| **C!'editors: Amounts FallingDue Aftei-Mo1·eThan One Year ** | **16 ** | (353,596) | ||||
| **NETASSETS ** | 153,967 | 6,421,160 | 6,575,127 | 6,027,433 | ||
| FUNDS OF THECHARITY | ||||||
| Restricted Funds | 6,421,160 | 6,001,610 | ||||
| Unrestricted Funds | 153,967 | 25,823 | ||||
| **TOTAL FUNDS ** | **18 ** | 6,575,127 | 6,027,433 |
On behalf of the board
Trustee 2 December 2025
The notes on pages 11 to 17 form part of these financial statements.
Page 9
Gurdwara Guru Granth Sahib Sikh Sabha Statement of Cash Flows For The Year Ended 31 March 2025
| Notes Cash flows from operating activities Net cash generated from/(used in) operations 1 Interest paid Net cash generated from/(used in) operating activities Cash flows from investing activities Purchase of tangible assets Interest received Net cash (used in)/generated from investing activities Cash flows from financing activities Proceeds from new bank borrowings Repayment of bank borrowings Proceeds from new other loans Repayment of other loans Net cash (used in)/generated from financing activities Increase in cash and cash equivalents Cash and cash equivalents at beginning of year 2 Cash and cash equivalents at end of year 2 |
2025 £ 678,055 (20,209) 657,846 (19,670) 2,313 (17,357) - (104,444) - (400,500) (504,944) 135,545 92,301 227,846 |
2024 £ (911,973) (34,787) |
|---|---|---|
| (946,760) | ||
| - 2,416 |
||
| 2,416 | ||
| 158,040 - 786,500 - |
||
| 944,540 | ||
| 196 92,105 |
||
| 92,301 |
Page 10
Gurdwara Guru Granth Sahib Sikh Sabha Notes to the Statement of Cash Flows For The Year Ended 31 March 2025
- Reconciliation of income to cash generated from/(used in) operations
| Net income Adjustments for꞉ Interest expense Interest income Depreciation of tangible assets Movements in working capital꞉ Decrease in trade and other debtors Increase/(decrease) in trade and other creditors Net cash generated from/(used in) operations .Cash and cash equivalents ash and cash equivalents, as stated in the Statement of Cash Flows, relates to the following items in the Balance Sheet꞉ Cash at bank and in hand .Analysis of changes in net debt As at 1 April 2024 £ Cash at bank and in hand 92,301 Debts falling due within one year (590,944) Debts falling due after more than one year (353,596) (852,239) |
Net income Adjustments for꞉ Interest expense Interest income Depreciation of tangible assets Movements in working capital꞉ Decrease in trade and other debtors Increase/(decrease) in trade and other creditors Net cash generated from/(used in) operations .Cash and cash equivalents ash and cash equivalents, as stated in the Statement of Cash Flows, relates to the following items in the Balance Sheet꞉ Cash at bank and in hand .Analysis of changes in net debt As at 1 April 2024 £ Cash at bank and in hand 92,301 Debts falling due within one year (590,944) Debts falling due after more than one year (353,596) (852,239) |
2025 £ 547,694 20,209 (2,313) 96,328 350 15,787 678,055 2025 £ 227,846 Cash flows £ 135,545 151,348 353,596 |
2024 £ 416,420 34,787 (2,416) 92,471 - (1,453,235) |
|---|---|---|---|
| (911,973) | |||
| 2024 £ 92,301 |
|||
| As at 31 March 2025 £ 227,846 (439,596) - |
|||
| (852,239) | 640,489 | (211,750) |
2. Cash and cash equivalents
Cash and cash equivalents, as stated in the Statement of Cash Flows, relates to the following items in the Balance Sheet꞉
3. Analysis of changes in net debt
Page 11
Gurdwarx Gui'u Gi'anth Sahib Sikh Sabha l%otes to the Fiuaucial stateents For The YeAr Ended 31 MArcb 2025 l. General InfDrJDaliD Is an uninc ated ch1 "steted with the Chan"ty C0DllDissio rrysred chanty nuother SC032(MM. The ssis 2. Statement of Cornplianee Rettsm Ptattite apphcable to chan'ties pre1 thejr actounts iti accordantt vjith the Fitiantial RertillE Stattdard app]itable in the UK attd Repubhc of Ireland (FRS 102) (effectnre l January 2019)" Fioancial Reportmg Standard 102 "The Fncl Rep¢xrxD8 Stsndard apph"cable m the UK alld Repub]ic of Treland- and the Cban"¢ie5 Act 2011. 3. AcfoDDling Po]iries 3.1. Basis of Preparatiojk of Fintt¢AI StstÈments The ctharity AS a Public Bellefit Entity as defll by FRS 102. 3.2. Going ConcernDisckb5Tire The tru5ttts have t tskntified arry matenal uncerthties related to eveots OT conth"tsoDS that olly cast wthcaot &)ubi at)ut the cban"ty's abth.ty to continue as a goll CO¢1 3.3. Fllnd Accountillg Restsicted fijnds can only be used forpathcular restrxctedpwposes wIth the c*jtttsves of the chanty. Rest$ lse when speufiedby the donor 3.4. Incotning Re5DUTCèS All IOe is recogmsed in the Stste[rlI of Fwancial Acts"vities Le the cban.ty has enl1dellllt to the fiud5. it is probable tha¢ the be Granl income IWheTe a>"b]e. grants the goven)nieTrt air Tecogm5ed at fair yah where thue is a Te450nable J55urance that the grath will be Teceived and that tbe charity will COD]pIy IAryth all attached conthtions. Whete the grant mC<>llLe re]ates to a pattscu]ar expeD5e the gt Jncome 3.5. Re50TCes Liabth"ties recogmsed a5 exFxnth"ttue as SI as there 15 a legal (On$tliVe obh"gatioll comDutling the chan.ty to tha¢ exw(ts. rt 15 pwbable for on all acctuals bas alldhas bEenclassJfieduerheadJllgs that aggregate all costielated to the category. Whete costs can[t IK ditrttly attsibuted to particular headxogs they have been allocated to aciiMIAe5 on a basis COnSASknt with the use of resources. 3.6. Tangible Fixed Assets and Depreciation calculated to wiite off the c051 of th¢ fixeda$5cts. less ¢s¢unatd TesKtswl Wal. over thejr eAt¢dUs¢fjll lives th¢ folloBryng base5: Freebo M¢xor Vehdes Fixtyres & Fiitso85 . 2% on toStexcefflIAa . 25$6 Cfl re&IllE bajan 3.7. Cash ad Cash Equtialpnts Cash alld easb equwalents are basie financial assets and ilUde eash m band and deposits held at call with banks. Ot1 5hon.temi Wy IUld inveSthts tIMt more than thre¢ from the date of ac11¢) al are rrdth.ty ClKLverthle to a knoThTL awunt of casb with 3.8. Fillala1 Inslruments Page 12
Gurdwara Guru Granth Sahib Sikh Sabha Notes to the Financial Statements (continued) For The Year Ended 31 March 2025
3.9. Taxation
The charity is exempt from tax as all its income is charitable and applied for charitable purposes.
4. Income from Donations and Legacies
| 4. Income from Donations and Legacies | ||
|---|---|---|
| Donations and gifts Gift aid Donations and gifts Gift aid 5.Investment Income Bank interest receivable 6.Net Income/(Expenditure) The net income is stated after charging/(crediting)꞉ Depreciation of tangible fixed assets ‑ owned 7.Analysis of Expenditure Community Outreach |
Unrestricted funds £ 730,064 146,972 |
2025 Restricted Total funds funds £ £ 102,453 832,517 - 146,972 |
| 877,036 | 102,453 979,489 |
|
| Unrestricted funds £ 561,323 231,457 |
2024 Restricted Total funds funds £ £ 93,715 655,038 - 231,457 |
|
| 792,780 | 93,715 886,495 |
|
| Activities undertaken directly (see note 8) £ 322,390 |
2025 2024 Unrestricted Unrestricted funds funds £ £ 2,313 2,416 |
|
| 2025 2024 £ £ 96,328 92,471 |
||
| 2025 Support costs (see note 9) Total £ £ 111,718 434,108 |
Page 13
Gurdwara Guru Granth Sahib Sikh Sabha Notes to the Financial Statements (continued) For The Year Ended 31 March 2025
| Community Outreach 8.Direct Costs Fundraising activities Employee costs General administration Depreciation Interest payable Other Fundraising activities Employee costs General administration Depreciation Interest payable Other 9.Support Costs Premises expenses General administration |
Activities undertaken directly (see note 8) £ 288,681 |
Support costs (see note 9) £ 183,810 |
2024 Total £ 472,491 |
|---|---|---|---|
| 2025 Community Outreach £ 11,370 60,912 91,792 96,328 20,209 41,779 |
|||
| 322,390 | |||
| 2024 Community Outreach £ 2,493 34,847 92,530 92,471 34,787 31,553 |
|||
| 288,681 | |||
| 2025 Community Outreach £ 53,701 58,017 |
|||
| 111,718 |
Page 14
Gurdwara Guru Granth Sahib Sikh Sabha Notes to the Financial Statements (continued) For The Year Ended 31 March 2025
| Premises expenses General administration |
2024 Community Outreach £ 90,746 93,064 |
|---|---|
| 183,810 |
| 10.Auditor's Remuneration Remuneration received by the charity's auditors and their associates during the year was as follows꞉ Audit Services Audit of the company's financial statements 11.Staff Costs Staff costs were as follows꞉ Wages and salaries |
2025 £ 8,040 2025 £ 60,912 |
2024 £ 6,500 |
|---|---|---|
| 2024 £ 34,847 |
No employees received employee benefits (excluding employer pension costs) for the reporting period of more than £60,000.
12. Average Number of Employees
| Average number of employees during the year was as follows꞉ Administration 13.Tangible Assets Cost As at 1 April 2024 Additions As at 31 March 2025 Depreciation As at 1 April 2024 Provided during the period Transfers As at 31 March 2025 |
2025 4 4 Land & Property Freehold Motor Vehicles Fixtures & Fittings £ £ £ 7,896,390 12,000 40,347 - - 19,670 7,896,390 12,000 60,017 1,004,518 11,333 35,904 91,338 167 - - - 4,823 1,095,856 11,500 40,727 |
2024 4 4 Total £ 7,948,737 19,670 |
|---|---|---|
| 7,968,407 | ||
| 1,051,755 91,505 4,823 |
||
| 1,148,083 | ||
| ...CONTINUED |
Page 15
Gurdwara Guru Granth Sahib Sikh Sabha Notes to the Financial Statements (continued) For The Year Ended 31 March 2025
| Net Book Value As at 31 March 2025 As at 1 April 2024 14. Debtors Due within one year Other debtors 15. Creditors꞉ Amounts Falling Due Within One Year Bank loans and overdrafts Other loans Accruals and deferred income 16. Creditors꞉ Amounts Falling Due After More Than One Year Bank loans Other loans 17.Loans An analysis of the maturity of loans is given below꞉ Amounts falling due within one year or on demand꞉ Bank loans Other loans Amounts falling due between one and five years꞉ Bank loans Other loans |
6,800,534 | 500 | 500 | 19,290 | 6,820,324 |
|---|---|---|---|---|---|
| 6,891,872 | 667 | 4,443 | 6,896,982 | ||
| 2025 £ ‑ 2025 £ 53,596 386,000 33,447 473,043 2025 £ - - - 2025 £ 53,596 386,000 439,596 2025 £ - - - |
2024 £ 350 |
||||
| 2024 £ 104,444 486,500 17,660 |
|||||
| 608,604 | |||||
| 2024 £ 53,596 300,000 |
|||||
| 353,596 | |||||
| 2024 £ 104,444 486,500 |
|||||
| 590,944 | |||||
| 2024 £ 53,596 300,000 |
|||||
| 353,596 |
Page 16
Gurdwara Guru Granth Sahib Sikh Sabha Notes to the Financial Statements (continued) For The Year Ended 31 March 2025
18. Movement in Funds
| Unrestricted funds General꞉ General unrestricted fund Restricted funds Building Fund Total funds Unrestricted funds General꞉ General unrestricted fund Restricted funds Building Fund Total funds |
As at 1 April 2024 Income Expenditure Transfers As at 31 March 2025 £ £ £ £ £ 25,823 879,349 (243,013) (508,192) 153,967 6,001,610 102,453 (191,095) 508,192 6,421,160 |
|---|---|
| 6,027,433 981,802 (434,108) - 6,575,127 |
|
| As at 1 April 2023 Income Expenditure Transfers As at 31 March 2024 £ £ £ £ £ 33,370 795,196 (202,743) (600,000) 25,823 5,577,643 93,715 (269,748) 600,000 6,001,610 |
|
| 5,611,013 888,911 (472,491) - 6,027,433 |
Transfers between funds refer to the reallocation of donations that were originally given without a specified purpose by the donors. These donations are initially allocated to the General Fund. As operational and maintenance needs arise within the Gurdwara, funds are reallocated from the General Fund to other specific areas to cover associated costs. This process ensures that resources are used effectively to support the ongoing functions and upkeep of the Gurdwara.
General Fund
This fund is for the day today running of the organization
Building Fund
This fund was created to raise funds for the construction and maintenance of the Gurdwara Building.
19. Transactions with Trustees
None of the trustees received any remuneration or any other benefits from an employment with the charity or a related entity during the current or previous year.
No trustee expenses have been incurred.
20. Related Party Disclosures
There have been no related party transactions in the reporting period that require disclosure.
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Gurdwara Guru Granth Sahib Sikh Sabha Detailed Statement of Financial Activities For The Year Ended 31 March 2025
| INCOME AND ENDOWMENTS FROM꞉ Donations and legacies Donations and gifts Gift aid Investments Bank interest receivable EXPENDITURE ON꞉ Charitable Activities꞉ Community Outreach Advertising, marketing, direct mail and publicity Events and Meetings Fund Raising Expenses Wages and salaries Hire and leasing of motor vehicles Classes Ration Lay Preachers Depreciation of motor vehicles Depreciation of fixtures and fittings Depreciation of freehold land and property Bank charges Bank loan interest Rates Light and heat Cleaning Repairs, renewals and maintenance Insurance Telecommunications Audit fees Professional fees Charitable donations Sundry Expenditure NET INCOME |
2025 2024 Total funds Total funds £ £ 832,517 655,038 146,972 231,457 |
|---|---|
| 979,489 886,495 2,313 2,416 |
|
| 2,313 2,416 |
|
| 981,802 888,911 - (699) - (1,794) (11,370) - (60,912) (34,847) - (1,190) (20,701) (23,383) (71,091) (67,957) (41,779) (31,553) (167) (1,111) (4,823) (222) (91,338) (91,138) (25) - (20,184) (34,787) (5,745) (14,868) (47,303) (71,204) (653) (4,674) (26,758) (55,488) (5,512) (4,295) (751) (592) (8,040) (6,500) (450) (4,489) (11,122) (21,700) (5,384) - |
|
| (434,108) (472,491) |
|
| (434,108) (472,491) |
|
| 547,694 416,420 |
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