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'l1￿b]e for safeguardmg the assets of the chan.ty and heffl￿e for ￿a$(nable steps for the prn'entson and detecti￿ of United Skngdctn gol'ern￿ theweparnion atrjdtss￿ts0ll of finanaal sthtemeDts nlly dlffer fromlepslation in otherJW￿th"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** 1. **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 state￿ents For The YeAr Ended 31 MArcb 2025 l. General InfDrJDaliD Is an uninc ated ch￿1 "steted with the Chan"ty C0DllDissio￿ rrys*red chanty nuother SC032(MM. The ssis 2. Statement of Cornplianee Rettsm￿￿ Ptattite apphcable to chan'ties pre￿1￿ thejr actounts iti accordantt vjith the Fitiantial Re￿rtillE Stattdard app]itable in the UK attd Repubhc of Ireland (FRS 102) (effectnre l January 2019)" Fioancial Reportmg Standard 102 "The F￿nc￿l 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 Fin*tt¢A*I 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 I￿O￿e is recogmsed in the Stste[r￿lI of Fwancial Acts"vities L￿e the cban.ty has enl1dell￿llt 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 g￿t Jncome 3.5. Re50T￿Ces Liabth"ties recogmsed a5 exFxnth"ttue as SI￿ as there 15 a legal ￿(On$t￿￿liVe obh"gatioll comDutling the chan.ty to tha¢ exw(ts￿. rt 15 pwbable for on all acctuals bas￿ alldhas bEenclassJfiedu￿erheadJllgs 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 eA￿t¢dUs¢fjll lives ￿ th¢ folloBryng base5: Freebo M¢xor Vehdes Fixtyres & Fiitso85 . 2% on toStexcefflIA￿a . 25$6 Cfl re&￿IllE bajan 3.7. Cash a￿d Cash Equtialpnts Cash alld easb equwalents are basie financial assets and i￿lUde eash m band and deposits held at call with banks. Ot1￿ 5hon.temi Wy I￿Uld inveSth￿ts tIMt more than thre¢ from the date of ac￿￿11¢)￿ al￿ are rrdth.ty ClKLverthle to a knoThTL awunt of casb with 3.8. Filla￿la1 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. Page 17 **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| Page 18