**Charity registration number 1026179 (England and Wales)**
**GURU NANAK SATSANG SABHA (KARMSAR) UK ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025**
## **GURU NANAK SATSANG SABHA (KARMSAR) UK**
## **LEGAL AND ADMINISTRATIVE INFORMATION**
## **Registered Charity number**
## **Principal address**
## **Trustees**
## **Auditor**
## **Bankers**
1026179 400 High Road Ilford Essex IG1 1TW RS Lidher JS Lidher HS Seerha HS Shergill JS Kalsi JS Seehra SPW (UK) LLP Gable House 239 Regents Park Road London N3 3LF National Westminister Bank Plc 84-86 Norwood Branch South Norwood London
## **GURU NANAK SATSANG SABHA (KARMSAR) UK**
## **CONTENTS**
||**Page**|
|---|---|
|Trustees' report|1 - 3|
|Independent auditor's report|4 - 6|
|Statement of financial activities|7|
|Balance sheet|8|
|Notes to the financial statements|9 - 16|
## **GURU NANAK SATSANG SABHA (KARMSAR) UK**
## **TRUSTEES' REPORT**
## _**FOR THE YEAR ENDED 31 MARCH 2025**_
The trustees present their annual report and financial statements for the year ended 31 March 2025.
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 charity's governing document, 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)" (effective 1 January 2019).
## **OBJECTIVES AND ACTIVITIES**
## **Objectives and aims**
The Charity’s principal objectives are:
a) The advancement of Sikh religion.
b) The advancement of education and training in accordance with the Sikh religion including teaching Punjabi and Sikh classical music.
## c) Relief of poverty.
d) The provision of facilities for the recreation and other leisure time occupation with the object of moving conditions of life of persons who have need of such facilities as aforesaid and who are qualified by reason. Of their youth, age, infirmity and disablement, poverty or social and economic circumstances as determined by the trustees in accordance with the tenets of the Sikh religion.
## **Significant activities**
a) In engaging Minister or other persons to carry out the work of the Trust
b) In organising a school or other means of instruction in Gurmukhi (written Punjabi) so that the children shall be able to recite the Sri Guru Granth Sahib (Holy Sikh Religious Scripture). Classes are held each week at the Karamsar Centre, part of Karamsar Gurdwara. Lessons in Sikh classical music are also given.
c) In promoting and arranging Amrit Parchar (Ceremonial Baptism).
d) In performing marriages in accordance with the Sikh customs and rites as permitted by English law.
e) To develop mutual understanding and harmonious relationships with other communities, faith groups and charitable organisations
f) In providing a meeting place for elderly to meet on a social basis.
g) Liaising with Local Education Authorities and arranging for school children to visit the Gurdwara as part of cultural education process.
## **Grantmaking**
The main grant making priority is the advancement of the Sikh religion, followed by advancement of education and the relief of poverty
## **Volunteers**
The trustees are grateful to the many volunteers give up their time to help, particularly at weekends and in the evenings and we are greatly indebted to these volunteers for their commitment and support.
## **STRATEGIC REPORT**
The description under the headings 'Achievement and performance' and 'Financial review' meet the company law requirements for the Trustees to present a strategic report.
- 1 -
## **GURU NANAK SATSANG SABHA (KARMSAR) UK**
## **TRUSTEES' REPORT (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2025**_
## **ACHIEVEMENT AND PERFORMANCE**
## **Charitable activities**
The Gurdwara has operated well for this year. The trustees have a clear focus on managing cost in the current financially challenging climate and ensuring the sangat are supported to access Gurdwara facilities and programmes. Sikh classical music has also been supported by the Gurdwara by hosting classical Sikh music religious events throughout the year.
## **FINANCIAL REVIEW**
## **Reserves policy**
The Charity had negative free reserves of £429,262 (2024: £314,083) at the year end. The trustees feel that the Gurdwara has sufficient liquid funds at the balance sheet date to meet the charities immediate future requirements.
This is in line with the reserves policy to maintain the reserves at a level to fulfil the charity's objectives and to continue to support the local Sangat community. The trustees are of the opinion that there are sufficient funds available to meet the activities in the 2025.
## **Performance**
The Gurdwara’s donations decreased by 7.2% on the prior year figure to £508,224. Total expenditure was £675,965 (2024: £596,789), resulting in a net deficit of £164,487 (2024: £49,391).
Punjabi School income for the period was £3,254.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing document**
The charity is controlled by the governing document, a deed of trust, and constitutes an unincorporated charity.
## **Trustees**
The Trustees in office during the year are set out as below, this is compliant with the minimum number stated in the constitution.
- 1 - Ranjit Singh Lidher
- 2 - Harbhans Singh Seerha
- 3 - Jasvinder Singh Lidher
- 4 - Jagwant Singh Kalsi
- 5 - Jasbir Singh Seehra 6 - Harpreet Singh Shergill
## **Organisation Structure**
The trustees meet regularly to assess the charity's activities. Each trustee has taken responsibility of monitoring the trust's activities in specific operation areas, working with the staff and volunteers where appropriate.
## **Risk management**
The Trustees have the duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
## **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).
- 2 -
## **GURU NANAK SATSANG SABHA (KARMSAR) UK**
## **TRUSTEES' REPORT (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2025**_
## **Legal and Governance Matters**
During the reporting period, the Trustees addressed unsubstantiated allegations and related disruptive activity by certain individuals and groups directed at the Charity. The Trustees undertook appropriate internal reviews, requested supporting evidence, and strengthened financial oversight; no evidence of financial loss was identified. Safeguarding and conduct concerns were reported to the police and the Charity Commission as serious incidents, and the Charity Commission confirmed it was satisfied with the actions taken.
Continued publications and associated reputational risk led the Trustees to commence legal proceedings to protect the Charity and its beneficiaries, while continuing to seek resolution without litigation, including mediation. The Trustees have acted throughout on professional legal advice, which has confirmed that no damages claim against the Trustees or the Charity is expected at this stage and that Trustees are permitted to use Charity funds to meet legal costs where they reasonably believe this to be in the Charity’s best interests.
The Trustees' report was approved by the Board of Trustees.
**HS Shergill Trustee** 29 January 2026
**JS Seehra Trustee**
29 January 2026
- 3 -
## **GURU NANAK SATSANG SABHA (KARMSAR) UK**
## **INDEPENDENT AUDITOR'S REPORT**
## **TO THE TRUSTEES OF GURU NANAK SATSANG SABHA (KARMSAR) UK**
## **Opinion**
We have audited the financial statements of Guru Nanak Satsang Sabha (Karmsar) UK (the ‘charity’) for the year ended 31 March 2025 which comprise the statement of financial activities, the balance sheet and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 _The Financial Reporting Standard applicable in the UK and Republic of Ireland_ (United Kingdom Generally Accepted Accounting Practice).
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 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 twelve 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. 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 course of 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 requires us to report to you if, in our opinion:
- the information given in the financial statements is inconsistent in any material respect with the Trustees' report; or
- sufficient accounting records have not been kept; or
- the financial statements are not in agreement with the accounting records; or
- we have not received all the information and explanations we require for our audit.
- 4 -
## **GURU NANAK SATSANG SABHA (KARMSAR) UK**
## **INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF GURU NANAK SATSANG SABHA (KARMSAR) UK**
## **Responsibilities of trustees**
As explained more fully in the statement of Trustees' responsibilities, 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 cease operations, or have no realistic alternative but to do so.
## **Auditor's responsibilities for the audit of the financial statements**
We have been appointed as auditor under section 144 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.
- Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.
- Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the internal control.
- Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures.
- Conclude on the appropriateness of the use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the company’s ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor’s report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor’s report. However, future events or conditions may cause the company to cease to continue as a going concern.
- Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation.
- We identified the laws and regulations that are central to the LLP’s ability to conduct its business and made enquiries to ensure these were complied with.
## **Other matters**
Your attention is drawn to the fact that the charity has prepared financial statements in accordance with "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) 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.
This has been done in order for the financial statements to provide a true and fair view in accordance with current Generally Accepted Accounting Practice.
- 5 -
## **GURU NANAK SATSANG SABHA (KARMSAR) UK**
## **INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF GURU NANAK SATSANG SABHA (KARMSAR) UK**
## **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 we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, 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.
## **Shirish Shah (Senior Statutory Auditor)**
## **for and on behalf of SPW (UK) LLP**
Chartered Accountants Statutory Auditor Gable House 239 Regents Park Road London
29 January 2026
- 6 -
## **GURU NANAK SATSANG SABHA (KARMSAR) UK**
## **STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT**
## _**FOR THE YEAR ENDED 31 MARCH 2025**_
|**Notes**
**Income from:**
Donations and legacies
**3**
Charitable activities
**4**
**Total income**
**Expenditure on:**
Raising funds
**5**
Support and governance costs
**Total expenditure**
**Net expenditure for the year/**
**Net movement in funds**
Fund balances at 1 April 2024
**Fund balances at 31 March 2025**|**Total**
**funds**
**2025**
**£**
508,224
3,254
511,478
114,426
561,539
675,965
(164,487)
3,486,609
3,322,122|**Total**
**funds**
**2024**
**£**
547,373
25
547,398
162,132
434,657
596,789
(49,391)
3,536,000
3,486,609|
|---|---|---|
The statement of financial activities includes all gains and losses recognised in the year.
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
All amounts in the current and prior year were unrestricted.
The notes on pages 9 to 16 form part of these financial statements.
- 7 -
## **GURU NANAK SATSANG SABHA (KARMSAR) UK**
## **BALANCE SHEET**
## _**AS AT 31 MARCH 2025**_
|**Notes**
**Fixed assets**
Tangible assets
**11**
**Current assets**
Debtors
**12**
Cash at bank and in hand
**Creditors: amounts falling due within**
**one year**
**14**
Net current assets
**Total assets less current liabilities**
**Creditors: amounts falling due after**
**more than one year**
**15**
**Net assets**
**Income funds**
Unrestricted funds - general|**2025**
**£**
**£**
3,751,384
1,115
374,239
375,354
(42,361)
332,993
4,084,377
(762,255)
3,322,122
3,322,122|**2024**
**£**
**£**
3,800,692
690
528,091
528,781
(55,085)
473,696
4,274,388
(787,779)
3,486,609
3,486,609|
|---|---|---|
The financial statements were approved by the Trustees on 29 January 2026
|**HS Shergill**|**JS Seehra**|
|---|---|
|**Trustee**|**Trustee**|
|29 January 2026|29 January 2026|
- 8 -
## **GURU NANAK SATSANG SABHA (KARMSAR) UK**
## **NOTES TO THE FINANCIAL STATEMENTS** _**FOR THE YEAR ENDED 31 MARCH 2025**_
## **1 Accounting policies**
## **Charity information**
Guru Nanak Satsang Sabha (Karmsar) UK is a charity is controlled by the governing document, a deed of trust, and constitutes an unincorporated charity. The registered office is 404 High Road, Ilford, Essex, IG1 1TW.
## **1.1 Accounting convention**
The financial statements have been prepared in accordance with the charity's deed of trust, the Charities Act 2011, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "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). The charity is a Public Benefit Entity as defined by FRS 102.
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 charity. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
The Charity constitutes a public benefit entity as defined by FRS102.
## **1.2 Going concern**
At the time of approving the financial statements, the trustees have a reasonable expectation that 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.
Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.
Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity.
## **1.4 Income**
Income is recognised when 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 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.
Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
- 9 -
## **GURU NANAK SATSANG SABHA (KARMSAR) UK**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2025**_
## **1 Accounting policies**
**(Continued)**
## **1.5 Expenditure**
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.
Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.
## **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 buildings and improvements 2% on straight line Fixtures and fittings 25% on reducing balance
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.
## **1.7 Impairment of fixed assets**
At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).
## **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 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 charity's balance sheet when 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 initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
- 10 -
## **GURU NANAK SATSANG SABHA (KARMSAR) UK**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2025**_
## **1 Accounting policies**
## **(Continued)**
## _**Basic financial liabilities**_
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
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. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
## _**Derecognition of financial liabilities**_
Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.
## **1.10 Employee benefits**
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
## **2 Critical accounting estimates and judgements**
In the application of 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 Donations and legacies**
||**Unrestricted **|**Unrestricted**|
|---|---|---|
||**funds**|**funds**|
||**2025**|**2024**|
||**£**|**£**|
|Donations and gifts|508,224|547,373|
- 11 -
## **GURU NANAK SATSANG SABHA (KARMSAR) UK**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 31 MARCH 2025**_
## **4 Charitable activities**
||**Unrestricted**|
**Unrestricted**|
|---|---|---|
||**funds**|**funds**|
||**2025**|**2024**|
||**£**|**£**|
|Income from Punjabi school|3,254|25|
## **5 Raising funds**
||**Unrestricted **|**Unrestricted**|
|---|---|---|
||**funds**|**funds**|
||**2025**|**2024**|
||**£**|**£**|
|Fundraising and publicity|||
|Seeking donations, grants and legacies|112,694|158,001|
|Staff costs|1,732|4,131|
||114,426|162,132|
|By activity|||
|Prayer service|117,306|100,849|
|Building|1,075|3,253|
|Langar|2,688|4,770|
|Weddings|34,294|61,891|
|Funerals|979|3,938|
|General|5,790|33,258|
||162,132|207,959|
- 12 -
## **GURU NANAK SATSANG SABHA (KARMSAR) UK**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2025**_
## **6 Support and governance costs**
|Council tax, rates and water rates
Insurance
Light and heat
Telephone
Computer and internet
Bank charges
Motor and travelling
Repairs and Maintenance
Loan Interest
Sundry expenses
Depreciation
Audit fees
Legal and professional
Analysed between
Charitable activities|**Support**
**costs**
**Governance**
**costs**
**£**
**£**
33,446
-
13,083
-
202,190
-
9,686
-
-
-
4,035
-
1,927
-
67,416
-
62,613
-
256
-
128,569
**-**
-
10,800
-
28,984
523,222
39,784
521,753
39,784|**2025 Support costs Governance**
**costs**
**£**
**£**
**£**
33,446
28,902
-
13,083
13,589
-
202,190
130,453
-
9,686
4,616
-
-
842
-
4,035
4,456
-
1,927
1,973
-
67,416
63,528
-
62,613
40,091
-
256
-
-
128,569
110,229
**-**
10,800
-
9,600
28,984
-
3,600
563,006
398,679
13,200
561,537
421,458
13,200|**2024**
**£**
28,902
13,589
130,453
4,616
842
4,456
1,973
63,528
40,091
-
110,229
9,600
3,600|
|---|---|---|---|
||||411,879|
||||434,658|
- 13 -
## **GURU NANAK SATSANG SABHA (KARMSAR) UK**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 31 MARCH 2025**_
|**7**|**Net movement in funds**|**2025**|**2024**|
|---|---|---|---|
|||**£**|**£**|
||The net movement in funds is stated after charging/(crediting):|||
||Fees payable for the audit of the charity's financial statements|10,800|9,600|
||Depreciation of owned tangible fixed assets|128,570|110,228|
## **8 Trustees' Remuneration and Benefits**
There were no trustees remuneration or other benefits for the year ended 31 March 2025 nor for the year ended 31 March 2024.
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024.
## **9 Employees**
The average monthly number of employees during the year was:
|**Employment costs**
Wages and salaries
Social security costs|**2025**
**Number**
-
**2025**
**£**
1,052
680
1,732|**2024**
**Number**
3|
|---|---|---|
|||**2024**
**£**
3,210
921|
|||4,131|
There were no employees whose annual remuneration was more than £60,000.
## **Remuneration of key management personnel**
The remuneration of key management personnel was as follows:
## **10 Taxation**
The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.
- 14 -
## **GURU NANAK SATSANG SABHA (KARMSAR) UK**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2025**_
## **11 Tangible fixed assets**
|**Freehold land**
**and buildings**
**Fixtures and**
**fittings**
**£**
**£**
**Cost**
At 1 April 2024
5,798,400
180,737
Additions
-
79,263
At 31 March 2025
5,798,400
260,000
**Depreciation and impairment**
At 1 April 2024
2,012,321
166,125
Depreciation charged in the year
105,101
23,469
At 31 March 2025
2,117,422
189,594
**Carrying amount**
At 31 March 2025
3,680,978
70,406
At 31 March 2024
3,786,079
14,613
The land portion of the freehold land and buildings is valued at historical cost of £543,332.
**12**
**Debtors**
**2025**
**Amounts falling due within one year:**
**£**
Prepayments and accrued income
1,115
**13**
**Loans and overdrafts**
**2025**
**£**
Bank loans
792,216
Payable within one year
29,961
Payable after one year
762,255|**Total**
**£**
5,979,137
79,263|
|---|---|
||6,058,400|
||2,178,446
128,570|
||2,307,016|
||3,751,384|
||3,800,692|
||**2024**
**£**
692|
||**2024**
**£**
822,177|
||34,398
787,779|
- 15 -
## **GURU NANAK SATSANG SABHA (KARMSAR) UK**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2025**_
## **14 Creditors: amounts falling due within one year**
|**Notes**
Bank loans
**13**
Other taxation and social security
Accruals and deferred income
**15**
**Creditors: amounts falling due after more than one year**
**Notes**
Bank loans
**13**|**2025**
**£**
29,961
1,600
10,800
42,361
**2025**
**£**
762,255|**2024**
**£**
34,398
1,487
19,200|
|---|---|---|
|||55,085|
|||**2024**
**£**
787,779|
The Company's loan facility is secured by a first charge on the freehold property at Ilford County Court, Buckingham Road, Ilford.
## **16 Unrestricted funds**
The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.
|General funds
**Previous year:**
General funds|**At 1 April**
**2024**
**Incoming**
**resources**
**Resources**
**expended**
**At 31 March**
**2025**
**£**
**£**
**£**
**£**
3,486,609
511,478
(675,965)
3,322,122
**At 1 April**
**2023**
**Incoming**
**resources**
**Resources**
**expended**
**At 31 March**
**2024**
**£**
**£**
**£**
**£**
3,536,000
547,398
(596,789)
3,486,609|
|---|---|
## **17 Related party transactions**
There were no disclosable related party transactions during the year (2024 - none).
- 16 -