GURU NANAK SIKH TEMPLE,SEDGLEY STREET,WOLVERHAMPTON UK
GURU NANAK SIKH GURDWARA CAME INTO EXISTENCE IN 1969.THE COMMITTEE STANDS DISMISSED UNDER THE CHARITY'S CONSTITUTION PAGE 7, SECTION (B). WITH EFFECT FROM SUNDAY 4 MAY 2025
Financial health, per its FY2024 accounts
The accounts state that the charity achieved a surplus of £316,344 for the year ended 31 May 2024, with total income increasing by 15.8% to £1,030,064. The charity holds significant unrestricted free reserves of £3,319,888, which the trustees confirm is in line with their policy of maintaining six months of expenses. The independent auditor confirmed that the use of the going concern basis of accounting is appropriate with no material uncertainties identified.
What the accounts disclose
“The Charity Trustees have developed a reserves policy that requires a minimum of six months of expenses to be held as reserves to ensure the Charity could continue in the short term initially if for some reason its major source of income (i.e. donations) ceased.” — page 9
“The Gurdwara has leased a building for use as a children's nursery, operated by the independent body GNG Community Services Ltd.” — page 7
Year-over-year changes
- Reserves position vs the charity's own policy moved from "within" (FY2023) to "above" (FY2024).
Structured financials (annual return, FY ending 31/05/2024)
Trustees
- GURMUKH SINGH - Lead Trustee
- Malkit Singh
- PIARA SINGH
- Santokh Singh Gill
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/05/2025 | — | — |
| 31/05/2024 | £1.0m | £714k |
| 31/05/2023 | £889k | £659k |
| 31/05/2022 | £766k | £431k |
| 31/05/2021 | £427k | £354k |
Common questions
Is GURU NANAK SIKH TEMPLE,SEDGLEY STREET,WOLVERHAMPTON UK financially healthy?
Per its FY2024 accounts: The accounts state that the charity achieved a surplus of £316,344 for the year ended 31 May 2024, with total income increasing by 15.8% to £1,030,064. The charity holds significant unrestricted free reserves of £3,319,888, which the trustees confirm is in line with their policy of maintaining six months of expenses. The independent auditor confirmed that the use of the going concern basis of accounting is appropriate with no material uncertainties identified. Its FY2024 accounts were audited by BK Plus Audit Limited.
Charities like this
- GURU NANAK SATSANG SIKH TEMPLE
- GURU NANAK GURDWARA
- SIRI GURU NANAK DARBAR (SIKH TEMPLE)
- GURU NANAK GURDWARA AND SIKH COMMUNITY CENTRE
- GURU NANAK GURDWARA SOUTH BIRMINGHAM
- GURU NANAK DURBAR (SIKH TEMPLE), ERITH & BELVEDERE, KENT
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| GURU NANAK SIKH TEMPLE,SEDGLEY STREET,WOLVERHAMPTON UK | £1.0m | — | 0 | above | — | no doubt |
| GURU NANAK SATSANG SIKH TEMPLE | £159k | — | 0 | unclear | — | no doubt |
| GURU NANAK GURDWARA | £854k | — | 0 | above | — | no doubt |
| SIRI GURU NANAK DARBAR (SIKH TEMPLE) | £2.5m | — | 0 | unclear | — | no doubt |
| GURU NANAK GURDWARA AND SIKH COMMUNITY CENTRE | £117k | — | 0 | unclear | — | no doubt |
| GURU NANAK GURDWARA SOUTH BIRMINGHAM | £569k | — | 0 | unclear | — | no doubt |