The Kalgidhar Trust
(A Registered Charity)
Trustees, Annual Report
& Financial Statements
Year Ended: 31 July 2024
Charity no: 1041548

THE KALGIDHAR TRUST
Contents
Page
Report of the Trustees
3-19
Independent Auditor's Report
20-23
Statement of Financial Activities
24
Statement of Financia I Position
25
Notes forming part ofthe Financial Statements
26-32

THE KALGIDHAR TRUST
Report of the Trustees
For the Year Ended 31 July 2024
The Trustees submit their report and the financial statements of The Kalgidhar Trust I'the Charity" or "the
Trust") for the year ended 31 July 2024. The financial statements have been prepared in accordance with the
accounting policies set out on pages 26 to 28 and comply with the Charity's Trust Deed and applicable law. The
Trustees have adopted the provisions of the Statement of Recommended Practice ISORPI "Accounting and
Reporting by Charities" IFRS 1021 in preparing the annual report and financial statements of the Charity.
REFERENCE AND ADMINISTRATIVE DETAILS
FOR THE CHARITY, ITS TRUSTEES AND ADVISERS
Charity Registration Number- 1041548
Charity Address-
1st Floor Office Suite 3, Arrow Business Centre, Perivale, UB6 71A
Trustee-
Dr. Davinder Singh Samloke
S. Harkishan Singh
S. Rajinderpal Singh Rai
S. Ranbir Singh Attwal
Reglstered Office-
15¢ Floor Office Suite 3, Arrow Business Centre, Perlvale, U86 7LA
Bankers-
Barclays, 210 High Street. Hounslow TW3 IDL
Independent Auditor-
th
Rawlinson & Hunter Audlt LLP, 8 Floor, 6 New Street Square, New Fetter
Lane, London, EC4A 3AQ
The Charity is governed by virtue of constitution set out in its Trust Deed, which was adopted on 20 July
1992 and amended on 22 June 1994.
The Charity works alongside Sikh Places of worship in UK and also with The Kalgidhar Trust in India.
The success of any work of such magnitude depends upon the spirit of Sewa (selfless service), team-
work and discipline. The Kalgidhar Trust emphasizes spiritual upliftment in all its programmes to
establish permanent peace in the world.
The Kalgidhar Trust lays emphasis on moral upliftment of children throLtgh a blend of modern scientific
education and spiritual education. This unique system of education inculcates moral values in the
children, who become good global citizens and an asset to the society. These children having imbibed
the virtues can become the leaders and torch-bearers for others also,. thereby helping eradicate negative
forces and vices amongst their contacts. Experience tells that one morally enlightened child can
influence 25-30 members ofthe society around him or her.

THE KALGIDHAR TRUST
Report of the Trustees
For the Year Ended 31 July 2024 (Continued)
STRUCTURE, GOVERNANCE AND MANAGEMENT
Terms of Trust
The Trust is a registered charity Inumber 10415481 whose principal purpose is to finance charitable
purposes in whatever manner the Trustees, in their absolute discretion, thi nk fit.
The policy of the Trust is to seek sufficient finance to continue to fund the charitable expenditure of the
Trustees.
Organisation
The Trustees of the Charity meet at least 4 times a year to discuss overall strategy and to determine how
best to direct its resource5 to meet its objectives. The Board of the Trustees comprises its 4 trustees who
are named on page 3.
Appointment of Trustees
The appointment of Trustee5 is governed by the Governing document of the Charity being its Trust Deed.
The authorisation to appoint Trustees, of which there must be at least 3, is vested in the Board of
Trustees. 4 Trustees named on page 3 have seNed throughout the period covered by this report. Further
details are outlined on page 3.
Trustee Induction and training
New trustees are made aware of their legal obligations under Charity Law, the decision-making
processes at the Trust, its strategic aims and recent performance. They are also provided with a pack of
relevant documentation, including a budget, planned charitable expenditure, a current list of practical
projects and copies of recent publications and press releases.
Trustees are encouraged to attend training events where these will assist with their role.
Related parties
Transactions with related parties are disc105ed in Note 9 to the financial statements.
Grant makln8 policy
We consider requests for grants and make grants which meet the Charity'5 objects as outlined on page
5 etseq.

THE KALGIDHAR TRUST
Report of the Trustees
For the Year Ended 31 July 2024 (Continued
OBJEcfivES, ACTIVITIES, FINANCIAL REVIEW AND FUTURE PLANS
The Charity's objectives are..
To propagate the Sikh religion in accordance with the tenets of the Ten Gurus and the living Guru
Granth 5ahib li IThe eternal living Guru). This is carried o¢Jt through recitation of GurbanilKirtan
Imusical recitation), through religious discourse and using publications.
To aid in relieving poverty in the UK and abroad.
These are carried out by delivering Value Based Education through a strong network of 130 Schools (Akal
Academies) and 3 Universities11 under construction) in Northern part of Ind ia.
The Kalgidhar Trust advocates dismantling of all barriers and boundaries, embracing humanity by treating all
human beings as one race l Manush Ki Jaat Sabhey Ekey Pehcnanbo - Guru Gobind 5ingh Jil and praying for
welfare unto all {Sarbat Da Bhalla Guru Nanak Dev Jil. This entails emancipation of societies by producing
'Global Citizens" delivering equality, justice and welfare of all.
PRESIDENT OF THE KALGIDHAR TRUST
Dr Baba Davinder Singh JI
Successor to Bèba Iqb31 Singh Ji
MBBS, MO
WHO WE AREI OUR WORKI WHAT WE DO
Kalgldhar Trust UK
The Kalgidhar Trust UK is a sister organisation of the Kalgidhar Trustlsociety, India. The UK body supports and
aspires to bring about a silent but sure chonge to uplift the socio-econorni¢ status of the rural disadvantaged
Sikh children in India. In addition to fund raising activities It administers and promotes scholarships in Europe
and the UK. The financial support ond donations in kind are generously advanced by individuals, Gurdwaras and
multiple diverse organisations. The task at hand is managed by a wellequipped off ice and staffed by highly
qualified professional Sikh volunteers. The Sewadars Ivolunteersl are passionate about Sikhi and in the
development of the education81 capacity of Sikhs in India and believe strongly in Taking Sikhi to the World.
The Kalgidhar Trust / Society -India
The Kalgidhar Society - Baru Sahib, is a not for profit, charitable organisation engaged in the delivery of value
based educational prograrn5 at 129 low c05t CB5E (Central Board of Secondary Education) Akal Academy schools
spread out in the northern part of India and 2 universities. The 70,000 students who attend these schools are
mostly from the deprived sections of societvi regardless of caste, creed, religion, Social status or geographic
region of the country. The key strategy is to provide cost-effective, quality oriented holistlc schooling to the rural
under privileged chi Idren i n India. The well-planned value-based education skilfully integrates a stark modern
learning educational infrastructure.

THE KALGIDHAR TRUST
Report of the Trustees
For the Year Ended 31 July 2024 (Continued)
OUR SUCCESS STORIE5
3 August 2023
UKTrl U
ate
10GUIVSV*IH SAHIB
During the vislt to Hounslow, UK the Mana8ement of Gurdwara Sri Guru
Singh Sabha, Hounslow appreciated the work done by The K8lgidharTrust
in the field of Education and has given assurance to support more kids
under Educate To Save project. providing free education to klds of
economically weak rural families.
The Management of Gurdwara Sri Guru Singh Sabha, Houn51ow is already
sponsoring 10 kids for the past 5 years.
7 August 2023
Here is a glimpse of the Sant Samagam organised in the sweet memory
of Sant Baba Iqbal Singh Ji Baru Sahib on 6th August 2023 at Gurdwara
Sri Guru Singh Sabha, Southall, 2-8 Park Avenue, Southall UK.
13 August 2023
dharTrust's U5Ateam em
ers the
under
Ivlle
Education 15 the key to empowering the underprivileged
and creating a sustainable future.
The Kal8idhar Trust aims to empower youn8 mind5 and
create a sustainable future through value-ba5ed education
with 129 Akal Academie5 and 2 Universities.
Our USA team is working enthuslastically towards bringing
change into the lives of the underprivileged by raising
awareness about our 'Educate to Save, inltl8tive. They
recently paid a visit to Euless TX Gurudwara Sahib.
holoidhar Trust's USA Team
Empowers Underprivileged

THE KALGIDHAR TRUST
Report of the Trustees
For the Year Ended 31 July 2024 (Continued)
21 August 2023
Akal Relief Team Noble Efforts receive
Akol Aelief Teorn
noble Efforts receive Appreciofion
Appreciation
True nobility is not about appreciation but
relentless efforts to bring positive change,
Press Club Ratia Welfare Trust honors Kalgidhar
Society for its flood rel ief efforts during Floods
2023 in Haryana.
¥lw u#
Honor is a testament to the efforts of the Akal
Relief Team of Kalgidhar Society, Baru Sahib.
The Akal Relief Team rescued people, provided them with food and groceries, organized Medical
Camps, and sprayed medicines to prevent disease.
7 September 2023
Akal Academy Students Share Festive Moments
with the Presldent of India
AKAL
3 student5 of Akal Academy Dakra Sahib and the
Principal Ms. Mandeep Kaur had an opportunityto
celebrate the festival of Raksha Bandha n at
Rashtrapati Bhawan.
Akal Academy Students Share
Festive moments with the PreSTdent of Indio
President Draupadi Murmu met all the students
affectionately. The students tied Rakhi to
President Madam.
The honorable President also addressed the
students and explained to them the importance of
the festival and the importance of creati ng a safer
and secure environment for women in the

THE KALGIDHAR TRUST
Report of the Trustees
For the Year Ended 31 July 2024 (Continued)
country. Students from 80 schools from all over the country came to Rakshabandhan, organized by
Rashtrapati Bhavan. It is a matter of great pride that one of our schools was also one of those
selected schools.
20 september 2023
Global Participation in International
Conference on "Recent Advances on
Green and Sustainable Developments
ICRAGSD-2023" at Akal University
Global Participotion in Internotionol Conference on
-Aeeent Advon¢es on Green
and Su$t¢inoble Developm•nts ICAAGSD-2023"
of Akal UnivefSi:y
To protect Mother Nature from the ever-
increasing chemical pol lutants. scientists
are restlessly developing/modifying
chemical processes to make them
sustainable. AKAL UNIVERSITY TALWANDI
SABO recently hosted an International
Conference on Recent Advances on Green
and Sustainable Developments IICRAGSD-20231. The international conference aimed to extend the
expert experience and suggestion5 among the participants for a sustainable and eco-conscious
future.
The conference was held in hybrid mode, with more than 300 participants worldwide. The
conference was part of the Centennial Jubilee Year Celebration Ishatabdi Mahotsavl of the I ndian
Chemical Society, Kolkata,

THE KALGIDHAR TRUST
Report of the Trustees
For the Year Ended 31 July 2024 (Continued)
25 September 2023
100 Years of Foundation Day for Bunga Mastuana Sahib
IOQ Years of Foundation Day
for
E*unga mastuana Sahib
30YIs•p- tr Oct 2023
The"IOOth Foundation Day" of 'Bunga Mastuana Sahib"
was celebrated fervently from 30th Septemberto 2nd
October 2023.
Bunga Ma5tuana Sahib was established in 1923 by Sant
Attar Singh Ji Mastuane Wale. Samagam was organized
by The KalEidhar Trust and Gurdwara Janan Asthan
Cheema Sahib.
28 September 2023
Eternal UniversityTops in the AD Scientlfic
Index 2023 Rankings
OurEternal Universit Baru Sahib- HP. ranked
1st in Himachal Pradesh,
10th among Private Universities in India &
secured
311th Position Globallv
This shows our commitment to academic
Eternal University Tops in the
AD Scientific Index 2023 Aonkings
excellence.

THE KALGIDHAR TRUST
Report of the Trustees
For the Year Ended 31 July 2024 (Continued)
10 October 2023
Achieve Happiness in Life Through "SUKHMAN"
Menta I health is imperative for the q uality of life.
October 10 was World Mental Health Day, and The
Kalgidhar Trust Brau Shaib organized a special week
dedicated to mental health SUKHMAN- Youth
Mental Well-being, a mental health campaign from
9th October to 14th October.
Aehieve Happiness In Life Through
"SUhHfflAn"
SUKHMAN, derived from the Punjabi words "Sukh"
(H¥). meaning "peace," and "Man" 111M,
representing 'mind,' is a dedicated initiative
designed to cultivate and enhance the mental well-
being of toda¢s youth.
In a fast-paced and often stressful world, this project seeks to provide valuable resources and
support to empower young individuals in their journey towards better mental health.
To know more click here: htt
akaldeaddictioncenter.com
sukhman
8 December 2023
'Educate to Save. Seminar in Seattle,
USA
Recently, our volunteers in the USA
organized the Educate to Save Seminar
in seattle, USA. The seminar was a call
to join Mission Reboot Punjab and
empower Rural Punjab through
Education.
4TE K105 SAVE,
Ourvolunteers shared insights on the
transformative impact of the Educate to
10

THE KALGIDHAR TRUST
Report of the Trustees
For the Year Ended 31 July 2024 (Continued)
Save initiative in Ed ucating Rural and bringing transformation.
Dr. Davinder Singh J i highlighted the cultural and educational legacy of Punjab, underscoring the
crucial role education plays in shaping its future.
05 February 2024
Retired Partner at PWC visits Rural Academy for Insightful Session
Rural Students of Akal Academ
had an opportunity to meet and have a
comprehensive career counselling
session with a Retired Senior Partner at
Price Waterhouse CA LLP. The session
provided the students with insights into
various career paths.
Dhindsa
i•
We were honored to host Harinderjit
Singh Ji at the Academy. Throughout his visit, he had a great time interacting and exchanging
insightful knowledge and experiences with the instructors, staff, and kids. He also learned about the
beneficial effects that Akal Academies have on society via education.
Not only this, he took the time to connect with villagers along the way, spreading the word about
Akal Academies, and the response was overwhelmingly positivel
Together, we're making a difference!
11

THE KALGIDHAR TRUST
Report of the Trustees
For the Year Ended 31 July 2024 (Continued)
22 February 2024
Gritty Rural Girl Breaks Gender Barriers to Become
a Judge
In a heartwarming tale of perseverance and
determination, Prabhjot Kaur, a spirited young
woman from a quaint village in Punjab, has etched
her name in the annals of historyl This extraordinary
graduate of Akal Academ
Dhindsa has ascended to
the esteemed position of a judge, marking a
signif icant milestone in her journey. Her student
fraternity and Teachers joyously extend their
heartfelt felicitations to this exceptional alum na.
celebrating her well-deseNed triumph after years of
unwavering dedication a nd resilience. In a moment filled with pride a nd inspiration, She imparts
wisdom to the current generation of students.
Giit¢i. Rmrrtl Bve(sk.s Ceii¢l¢r Ilrtrn*i-.f
to 8e¢omea JUDGE!
Prabhjot Kaur attributes her remarkable success to the unwavering support and guidance of her
mentors at Akal Academy, Dhindsa, who were beacons of encouragement, urging her to relentlessly
pursue her aspirations. Their unwavering belief in her capabilities instilled the conf idence she
needed to shatter stereotypes and carve out a path to glory.
Her achievement stands as a testament that with grit. determination, and unwavering conviction,
every d ream is Wlthin reach. Bravo, Prabhjot! May your journey continue to illuminate our path with
honorl Let us alway5 remember thal each Small stride toward progress propels us closer to
greatness, just as this Akalite has exemplif led I
A beaming Arvinder Pal Kaur Oberoi, Principal of Akal Academy Dhindsa signed off with "You. too,
can 'Sponsor a Dream, Change a Future, at EducateToSave.Com.'
12

THE KALGIDHAR TRUST
Report of the Trustees
For the Year Ended 31 July 2024 (Continued)
8 April 2024
Celebrating One in All & All in Onel
In Sikhism, emphasis is a Iways laid upon serving
humanity with love a nd tolerance. Sant Baba Iqbal
Singh Ji also emphasized that interfaith
relationships foster deep reverence toward the
Almighty. It lead5 US to everlasting peace while
rising above the limits of intolerance.
11
Dr. Neelam Kaur, Advisor for Health & Education at
The Ka Igidhar Trust & Eterna l University, along with
other volunteers, attended the 'lftar of Tolerance,
event hosted by the Embassy of the United Arab
Emirates.
The event was held under the poised leadership of
Mohammed Musabeh Al Shami, Chargé d'Affaires.
It wa5 a testament to interfaith unity and spiritual
enlightenment. It celebrated u nity in diversity and highlighted the signif ica nce of interfaith dialogue
in fostering mutual respect and understanding.
13

THE KALGIDHAR TRUST
Report of the Trustees
For the Year Ended 31 July 2024 (Continued)
2 June 2024
Dr. Davinder Singh Ji, President of The Kalgidhar Trust, Baru Sahib is in the U K with the Mission of
Reboot Punjab- Transforming Lives Through Education.
2 July 2024
Kalgidhar Society's Commitment to
Sustainability Recognized at Leading
CSR Conventlon
IL
The Kalgidhar Society has been honored
with the prestigious CSR award for the
'Best Sola r Energy In itiative of the Year,.
This event. organized by Brand Honchos
Corporate Media House, mark5 one of ihe biggest conventions in the field of Corporate Social
Responsibility and Environmental, Socia I, and Governance initiatives.
This accolade recognizes the society's outstanding efforts in installing solar panels on the rooftops of
Akal Academies across five Northern States.
14

THE KALGIDHAR TRUST
Report of the Trustees
For the Year Ended 31 July 2024 {Continued)
10 July 2024
Inauguration of Akal Gurmat International Camp at
Akal Academy
The Akal Gurmat International Camp began at Akal
Academy with an inauguration Ardass at Gurdwara Baru
Sahib.
AKAL ACADEMY
AKAL
ACADEhlY
From July 7th to August 14th, students from the USA,
China, and England learnt Gurmu khi, Gatka, Sikh
Philosophy, and Prattical Ways of Sikh Livin& participate
in Gurbani Nitnem, and deepened their understanding of
Sikh scriptures a nd history.
Since its inception, this camp has successf ully connected
students worldwide to the rich heritage of Sikhism.
24 July 2024
To raise awareness a bout the Educate to Save initiative,
which aims to empower rural Punjab through education
and ensure a brighter futu re, Dr. Davinder Singh Ji,
President of the Kalgid har Trust, Baru Sahib, was in
Canada until 27th August 2024.
Here are glimpses of the Day 6 Sangat get-together in
Brampton. These gathering5 bring together our alumni
too, fostering a strong Akal Connect network. Through
these interactions, alum ni a im to give back to society with their time and daswand, reflecting the
transformation in their lives.
15

THE KALGIDHAR TRUST
Report of the Trustees
For the Year Ended 31 July 2024 {Continued)
He also met the Sangat in Brampton and
educated them regarding giving back to
society with their time and Daswand,
reflecting the transformation in rural
children's lives.
16

THE KALGIDHAR TRUST
Report of the Trustees
For the Year Ended 31 July 2024 (Continued>
All Initiatives including Guru Ki Kanshi, Computer donation appeal, Educate to Save, and Punjab f lood relief
resulted in grant payment5 of £966,00012023- £823,0001.
FUTURE PLANS
The Kalgidhar Trust plan5 to reach out to the unreached" through its various educational, health care and social
vices eradication programmes under the project RURAL POOR DEVELOPMENT INITIATIVE I'RPDI'I. It is expected
that a silent socio-economic reform will result out of thi5 sure-footed Brass-root exercise of the RPDI. The
footprints of eradication of illiteracy and vices" would keep on growing and positively touch the live5 and fulfil
the needs of the rural deprived classes.
PUBLIC BENEFIT
The Kalgidhar Trust works for the public benefit by raising public awareness and enhancing public participation
in the key attributes of Sikh Dharm (Sikh way of lifel such as Sarbatt da Bhalla (welfare of all), treating all human
beings as one family, universal equality through creation of Global Citizens (Manas Ki Jaat Sabhe Ekey Pehchanho
Guru Gobind Singh lil and helping society by caring for each other and sharing our good fortunes with the less
fortunate ones by contributing a minimum of IO% of our earnings for charitable purposes IDaswandhl,
overcoming social evils such as lust, anger, greed. possessiveness, arrogance and e80 through divine wisdom
and promoting soci21 virtue5 like tolerance, patience and forgiveness. The CharitV'5 activities clearly addre55 Its
objectives and associated aims 2nd activities as described on page 5 et seq and the Trustees and staff are mindful
of the need to work for the public benefit.
POLICY ON RESERVES
The balance held as restricted funds and unrestricted funds as at 31 July 2024 were £32,00012023 - £23,000}
and £115,00012023 £56,000). The Charity's policy is to aim for sufficient reserves to fund at least twelve
months future expenditure at any time.
INVESTMENT POWER5
The Trustee's investment powers are unrestricted within "ethical" limits.
RISK MANAGEMENT
The Trustees have a risk management strategy which comprises..
An annual review of the risks the Trust may face,
The establishment of systems and procedures to mitigate those risks identif led,
The implementation of procedures designed to minimise any potential impact on the Trust should
those risks m8terialise,' and
Quarterly Trust meetings regularly review apparent and inherent risks and the availablp. too15 to
mitigate such risks.
17

THE KALGIDHAR TRUST
Report of the Trustees
For the Year Ended 31 July 2024 (Continued)
FUNDRAISING
The Trustees have referred to the Code of Fundraising Practice {"the Code'l which was developed during 2017
by the fundraising community through the work ot the Institute of FLtndraising and Public Fundraising
Association, and the Guidance on Charities and Fundraising issued by the Charity Commission I"CC2WI and the
Charities IProtection and Social Investment) Act 2016 {"the Act"). The Trustees consider that following a review
of the Code requirements they are compliant.
TRUSTEES, RESPONSIBILITIES STATEMENT
The Trustees of The Kalgidhar Trust are responsible for preparing the Trustees, Annual Reporl and the financial
statements of the charity in accordance with applicable law, the Charities Act 2011, the Charites Act 2022 (where
relevant) and the Statement of Recommended Practice.. A¢counting and Reporting by Charities preparing their
accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland
IFRS1021 issued in October 2019.
The law applicable to charities in England and Wales requires the Trustees to prepare financial statements for
each financial year which give a true and fair view of the state of affairs of the Charity and of the incoming
resources and application of resources during for that year. In preparing these financial statements, the Trustees
are required to..
select 5Ultable actounting policies and then apply them consistently,.
observe the methods and principles in the Charities SORP 2019 IFRS 1021;
make judgements and estimates that are reasonable and prudent:
state whether applicable UK accounting standards have been followed, subject to any material
departures disclosed and explained in the financial statements;
prepare the financial statements on a going concern basis unless it is inappropriate to presume that
the Charity will continue in operation.
The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at
any time the financial position of the Charity and enable them to ensure that the financial statements comply
with the Charities Act 2011, the Charities Act 2022 (where relevant), the Charity IAccounts and Report51
Regulation 2008, and the provisions of the Trust Deed. The Trustees are responsible for safe8uarding the assets
of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other
irregularities.
18

THE KALGIDHAR TRUST
Report of the Trustees
For the Year Ended 31 July 2024 (Continued)
The Trustees are responsible for the MaIntenan￿ and integrity of the Charity and financial inforrnation included
on the Charlty's website. Legislation in the Unlted Kingdom governin8 the preparation and dissemlnatlon of
flnancial statements may dlffer from legislatlon in otherJurlsdlctlons.
INDEPENDENT AUDITOR
A resolutlon will be proposed at the Annual General Meeting that Rawlin5on & Hunter Audlt LLP be re-appolnted
as Audltor to the Charity for the ensuing year.
Approved by the Trustees and signed on their behalf by
Ranblr Sin8h Atlwal
Trustee
Date:
15 MAY 2025
19

THE KALGIDHAR TRUST
Independent Auditorfs Report to the Trustees of The Kalgidhar Trust
Opinion
We have audited the financial statements of The K3lgidhar Trust I'the Charity") for the year ended 31
July 2024 which comprise the Statement of Financial Activities, Statement of Financial Position and
notes to the f inancial statements, 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, including Financial Reporting Sta ndard 102 The Financial Reporting Standard
applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting
Practicel.
In our opinion the financial statements:
give a true and fair view of the state of the Charity's affairs as at 31 July 2024, 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 and Charites
Act 2022 Iwhere relevant).
Basis for opinion
We conducted ou r audit in accordance with International Standards on Auditing IUKI IISAS IUKII and
applicable law, Our responsibilities under those standards are further described in the Auditorfs
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 Financial Reporting Council'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 dou bt 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 responsibilitie5 of the Trustees with respect to going concern are
described in the relevant sections of th is report.
20

THE KALGIDHAR TRUST
Independent Auditorfs Report to the Trustees of The Kalgidhar Trust
{Continued)
Other information
The Trustees are responsible for the other information. The other information comprises the
information included in the Trustees, Annual Report and Financial Slatements, other than the f inancial
statements and our auditor's report thereon. Our opinion on the financial statements does not cover
the other information and, except lo the extent otherwise explicitly stated in our report, 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 there is a material misstatement in the financial statements or a
material misstatement of the other information. 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 financial statements is inconsistent in any material respect with the
Trustees, report; or
suff icient 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.
Responsibilities of trustees
As explained more fully in the Trustee5' Responsibilities Statement set out on page 18, the Trustees
are responsible for the preparation of f inancial statements which 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 3ssessinE 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.
21

THE KALGIDHAR TRUST
Independent Auditor's Report to the Trustees of The Kalgidhar Trust
{Continued)
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 regulations made under section 154 of that Act.
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 auditorfs report
that includes our opinion. Reasonable assurance is 8 high level of assu rance, but is not a 8uarantee
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, individ ually or in
the aggregate, they could re350nably be expected to influence the economic decisions of users taken
on the basis of these financial statements.
Irregularities, includi ng fra ud, a re instances of non-compliance with laws and regu lations. We design
procedures in line with our responsibilities, outlined above, to detect material misstatements in
respect of irregularities, includ ing fra ud. The extent to which our proced ures are ca pable of detecting
irregularities, including f raud is detailed below.
Our assessment of the susceptibility of the Charity's financial Statements to material misstatement,
including how fraud might occur, is considered to be low. This conclusion was reached after the
consideration of the followi ng..
due to the relatively sim ple business model and relatively low number of transactions within
the Charity there are comparatively few unexpected fluctuations in the reported results and
balances and any such unexpected items would be specifically enquired into by us; and
there are a number of individuals which comprise "management" and therefore there is no
single individua I who is likely to be able to override controls to effect a f raud.
We designed our audit procedures to respond to identified audit risks, including non-compliance with
laws and regulations lirregu la rities) that a re materia I to the financial statements. Some of the specific
procedures performed to detect irregula rities, including fraud, are deta iled below..
the review of control a ccounts and journal entries for large or u nusual activities;
the analytlC31 review of the statement of financial activities for variances that are either
unexpected or considered not to be in accordance with our understanding of the charitable
activities du ring the yea r;
obtaining and reviewing for completeness a list of entries and persons considered to be
related parties las defined by Financial Reporting Standard 1021 and reviewing the ledgers of
the Charity for previously unreported related party transactions;
review of transactions and journals for any indication of fraud or management override; and
review of Trustee meeting minutes for unrecorded transaction5.
Because of the inhe rent limitations of an audit, there is a risk that we will not detect all irregula rities,
including those leading to a material misstatement in the financia I statements or non-compliance with
regulation. This risk increases the more that compliance with a law or regulation is removed from the
events and transactions reflected in the fina ncial statements. as we will be less likely to become aware
of instances of non-compl ia nce. The risk is also greater rega rding irregula rities occurring due to fraud
22

THE KALGIDHAR TRUST
Independent Auditorfs Report to the Trustees of The Kalgidhar Trust
(Continued)
rather than error, as fraud involves intentional concealment, forgery, collusion, omission or mis-
representation.
A further description of our responsibilitie5 is available OA the FRC'S website at:
htt
'www.frc.or
auditorsres
onsibilities. This description forms part of ou r auditor's report.
Use of Report
This report is made solelyto the Charity's Trustees. as a body, in accordance with Part 4 of the Charities
IAccounts and Reportsl Regulations 2tKJ8. Ouraudit 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 a5 a body, for our audit work, for this
report, or for the opinions we have formed.
Rawlinson & Hunter Audit LLP
Statutory Auditor
Chartered Accountant5
Eighth Floor
6 New Street Square
New Fetter Lane
London
EC4A 3AQ
Date. IS rf. 2•iC
Rawlinson & Hunter Audit LLP is eligible to act as an auditor in terms of section 1212 of the
Companies Acl 2006.
23

THE KALGIDHAR TRUST
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 JULY 2024
Notes
Restricted
Unrestricted
Total
Restricted
Unrestricted
Total
Funds
Funds
2024
Funds
Funds
2023
£'ooo
£'ooo
£'ooo
£'ooo
£'ooo
Incoming Resources
Incoming resou rces
from generated funds:
Donations and gifts
551
499
1,050
648
181
829
Gift Aid
129
129
57
57
Total incoming
resources
551
628
1,179
648
238
886
Resources Expended
Cost of generating
funds=
Charitable activities
Governance & Support
costs
542
424
966
628
195
823
145
145
138
138
Total resources
expended
542
569
I,iii
628
333
961
Net movement in
funds
Fund balances brought forward
at l August 2023
Fund balances carried forward
at 31July 2024
59
68
20
1951
1751
23
56
79
151
154
32
115
147
23
56
79
All of the above resu Its are derived f rom continuing activities. All gain5 and losses recognised in the
year are included above.
The notes on pages 26 to 32 form part of these financial statements.
24

THE KALGIDHAR TRUST
STATEMENT OF FINANCIAL POSITION AS AT 31 JULY 2024
Notes
2024
2023
£￿00
£'ooo
Current Assets
Other debtors
43
21
Cash at bank and in hand
12
162
88
205
109
Creditors: amount fallin8 due wlthin one
year
{58)
(30>
Net current assets
147
79
Total assets less current liabilitles
147
79
Net Assets
147
79
Funds:
RestrScted funds
32
23
Unrestricted funds
56
Total Funds
147
79
The financial statements were approved and authorised for issue by the Trustees
on....
1..5.MAY...2025...and signed
Ranbir Singh Attwal,
ehalf by:
Trustee
The notes on pages 26 to 32form part of these financial statements.
25

THE KALGIDHAR TRUST
NOTES FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED
31 JULY 2024
I Statement of Compliance
The Ka Igidhar Trust I'the Charity"), registered charity nurnber 1041548, is based and administered in
the United Kingdom. The registered address is l Floor Office Suite 3, Arrow Business Centre,
Perivale, UB6 7LA. The nature of the Charity's operations and principal activities are set out in the
Trustees. Annual Report.
The financial statements have been prepared under the historical cost convention and in accordance
with the Charities Act 2011, the Charities Act 2022 (where relevant) and with the Statement of
Recommended Practice.. Accounting and Reporting by Charities preparing their accounts in
accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS
1021 issued in October 2019.
The Charity has applied Update Bulletin l as published on 2 February 2016 and does not include a
cash flow statement.
The f inancial statements are presented in pounds sterling which is the functional currency of the
Charity and rounded to the nearest £000.
The significant accounting policies applied in the preparation of these financial statements are set out
below. These policies have been consistently applied to all years presented unless otherwise stated.
Accounting policies
(a) Golng concern
Having considered the levels of funds held and the level of income and expenditure, together with
the level of reserves of the charity, the Trustees consider the adoption of the going concern basis in
preparing these financial statements is appropriate.
Ib) Fund accounting
General funds are u nrestricted funds which are available for use at the discretion of the Trustees in
furtherance of the general objectives of the Charity and which have not been designated for other
purposes.
Restricted funds are subjected to restrictions on their expenditure im posed by the donor or through
the terms of an appeal. Where permitted, the costs associated with raising and managing the
restricted funds a re charged to the restricted funds.
26

THE KALGIDHAR TRUST
NOTES FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED
31 JULY 2024 (continued)
(c) Incoming resources
All incoming resources a re included in the Statement of Financial Activities when the Charity is legally
entitled to the income and the amount can be quantified with reasonable accuracy. For legacies,
entitlement is the earlier of the Charity being notified of an impending distribution or ihe legacy being
received.
Gifts in kind donated for distribution are included at valuation and recogn ised a5 income when thev
are distributed to the projects. Gifts donated for resale are included as income when they are sold.
Donated facilities are included at the value to the Charity where this can be qua ntif led and a th ird
party is bearing the cost. No amounts are included in the financial statement5 for services donated by
volunteers.
Id) Resources expended
All expenditure is accounted for on an accruals basis and has been classified under headings that
aggregate all costs related to the category. Where costs cannot be directly attributed to particular
headings, they have been allocated to activities on a basis consistent with use of the resources.
Fund-raising costs are those incurred in seeking voluntary contributions and do not include the costs
of disseminating information in support of the charitable activities. Support costs are those costs
incurred directly in support of expenditure on the objects of the Charity.
(e) Financial instruments
The Charity only has f inancial assets and financial liabilities of a kind that qualify as basic financial
instruments.
Basic financial instruments are recognised at transaction value, except where
settlement is delayed, in which case the transaction is recognised at the present value of the
settlement amount,
(f) Donated services
Donated professional services a re recognised in income at their fair value when their economic
benefit Is probable, it can be measured reliably and the Charity ha5 control over the item. Fair value
is determined on the basi5 of the value of the gift to the Charity. A correspondinE a mount is
recognised in expenditure.
27

THE KALGIDHAR TRUST
NOTES FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED
31 JULY 2024 (continued)
(g) Debtors and creditors receivable I payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are
recorded at transaction price. Any losses arising from impairment are recogn ised as expenditure.
(h) Cash and cash equivalents
Cash is represented by cas h in hand and deposits with financial institutions repayable without penalty
on notice of not more than 24 hours. Cash equivalents are highly liqu id investments that matu re in
no more than three months from the date of acquisition and that are readily convertible to known
amou nts of cash with insignif icant risk of change in value.
(i} Voluntary help
The Charity benefits from many voluntary hours and unclaimed out-of-pocket expenses. No amount
is included in these f inancial statements for these voluntary hours and unclaimed expenses. Without
the effort and devotion of the volunteers the Charity would not be able to carry out successful fund-
raising events.
28

THE KALGIDHAR TRUST
NOTES FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED
31 JULY 2024 {continued)
3 Income
2024
2023
£'ooo
£'ooo
Donations and gifts from individuals
1,050
829
Gift Aid
129
57
1,179
886
4 Total resources expended
Direct
Costs
2024
Total
2024
Total
2023
£'ooo
£'ooo
£,0￿)
Legal & professional charge5
Travel & subsistence
Support costs
Salaries and Wages (Note 61
Donations out
50
87
966
50
87
966
63
70
823
Total resources expended
I,iii
I,iii
961
Support costs include £4,50012023- £10,500) being the Charity's share of the premises cost for First
Floor 30 Merrick Road, Southall, UB2 4AU, the former premises of the Charity. RSA Associates
{Reporting Accountants- Sole Proprietorship of Mr R S Attwal (Trusteel who have always provided
their services free of cost to The Kalgidhar Trust and who share part of the premises with The
Kalgidhar Trust, have contributed £4,50012023- £4,500) towards the costs during the year being the
remaining 50% of the tota I rental cost. Any additional contributions by M r R 5 Attwal and family are
reported in donations and related party disclosures INote 91.
5 Auditor's Remuneration
2024
2023
£'ooo
£'ooo
Fees payable to the Charity's auditor for the audit of
the Charity's annual accounts
29

THE KALGIDHAR TRUST
NOTES FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED
31 JULY 2024 (continued)
6 Staff costs
2024
2023
£'ooo
82
£'ooo
65
Wages & salaries
Social security costs
87
70
The number of employees whose emolument5 as defined for taxation purposes amounted to over
£60,000 in the period was Nil12023 - NIL). The Trustees did not receive any remuneration from the
Charity for their services in the current or prior year. During the year the Charity had an average of 3
employees (2023- 3 employees),
7 Fund Reconciliation
Atl
August
2023
£'ooo
At
31 July
2024
£'ooo
Income
2024
£'ooo
Expenditure
2024
£'ooo
Restricted Funds
Unrestrirted Funds
General Funds
Total net assets
23
551
15421
32
56
628
15691
11,iiii
115
79
1,179
147
General Funds represent the unrestricted funds, which are not designated for particular purposes.
Restricted fund5 amounting to £44,718 12023- £45,708) were received for Guru Ki Kashi
Akal
University Project and £950,00012023- £800,000) were remitted to The Kalgidhar Trust, India from
restricted and unrestricted funds. During the year £485,61412023- £421,552) of funds were received
forthe Educate to Save Project, £5012023- £Nill were received forAkal Charitable H05Pltal and £3,469
12023 - £Nil} were received for Computer Donation appeals. In addition, £Nil12023 - £175,379) were
received for Baru Sahib flood relief and £17,028 {2023 - £5,519) were received for Punjab Flood relief,
8 Analysis of net assets between funds
Unrestricted
funds
£'ooo
Restricted
funds
£'ooo
Total
£'ooo
Other Debtors
43
43
Cash at bank
130
32
162
Creditors
158}
115
{581
147
32
30

THE KALGIDHAR TRUST
NOTES FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED
31 JULY 2024 (Continued)
9 Related party disc105ures
Individual donations were received from the Trustees: Mr R S Rai Ifamily business) an amount of
£72,29412023 £45.8501 and from Mr RS Attwal and family an amount of £14,56012023 £10,200)
Total donations of £950,00012023 - £800,000) were paid to The Kalgidhar Trust Ilndia)- a registered
charity in India, in which Dr Ba ba Davinder Singh 15 the trustee and the present Chairman of the The
Kalgidhar Trust11 ndial and he is also a trustee in The Kalgidhar Trust in the UK. The Trustees did not
receive any remuneration and were not reimbursed any expenses from the Charity for their services
in the current or prior year. Advertising payments of £41,634 (2023 £47,384) and Donations of
£15,97112023 - £22,713) were made to Sangat TV and Sangat Trust respectively which is a wholly
owned subsidia ry of Sangat Trust in which Mr R S Attwal is also a Trustee. Additional ly, donations of
£3,96012023 - £Nill were received from the Dooa Foundation, in which Mr R S Attwal is a trustee.
10 Operating Lease Commitment
The charity's operating lease of premises (First Floor. 30 Merrick Road, Southall, UB2 4AUI ended on
31 March 2024. At 31 July 2024 the total outstanding commitments amounted to around £Nil12023 -
£6,000). With effect from l April 2025, the Charity has entered into a new lease agreement for the
premises (First Floor Office Suite 3, ATrow Busine55 Centre, Perivale, UB6 7LAI until 31 March 2027 with a
monthly rent commitment of £1 + VAT.
11 Controlling party
The Trustees consider that the Trust is jointly controlled by the Trustees and there is no ultimate
controlling party.
31

THE KALGIDHAR TRUST
NOTES FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED
31 JULY 2024 (Continued)
12 Financial Instruments
The carrying amounts of the Charity'5 financial instru ment5 are as follows:
2024
2023
£'ooo
Financial assets
Measured at fair value through SOFA:
Cash at bankand in hand
162
88
Measured at amortised cost:
Other Debtors
43
21
Financial liabilities
Measured at amortised cost:
Creditors
58
30
32