Charity registration number 1045458
BRENT SIKH CENTRE
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Richard Anthony
Chartered Accountants and Registered Auditors

BRENT SIKH CENTRE
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
A S Hoonjan
N S Mudhar
N Nathan
S K Sahota
M S Sodhi
S K Sokhi
B Khurana
A Singh
S Chita
K Kaur
M Gill
(Appointed 1 September
2024)
Charlty registratlon
England and Wales
1045458
Auditor
Richard Anthony
Ground Floor Cooper House
316 Regents Park Road
London
United Kingdom
N3 2JX

BRENT SIKH CENTRE
CONTENTS
Page
Trustees, report
statement of trustees, responsibilities
Independent auditols report
Statement of financial activities
Balance sheet
Notes to the financial statements
9-18

BRENT SIKH CENTRE
TRUSTEES. REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024
The truslees present their report and accounts for the year ended 310ecember 2024.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the
financial statements and comply wilh the charity's trust deed, the Charilies Act 2011 and "Acoounting and Reporting
by Charities: Statement of ReGommended Practice applicable to charities preparing their accounts in accordance
with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" {effe¢tive 1 January
2019).
Objectives and activities
The Charity's pr%ncipal activity throughoul the year was in arranging services in accordance with tenets of Sikhism
and no change is envisaged in the immediate future. The trustees have paid due regard to guidance issued by the
Charity Commission in deciding what activities the charity should undertake.
The trustees have paid due regard lo guidance issued by the Charity Commission in deciding what activities the
charity should undertake.
Achievements and performance
As we reflect on 2024. we are grateful for the continued blessings of Waheguru and the support of our dedicated
sangal.
We are grateful for the continued support from our community, donors, and volunteers. Since the beginning of 2024
our existing programmes are fully functional, including short daily morning and evening sessions, with
comprehensive programs on specific days.. Wednesday mornings feature the Sukhmani Sahib Path, Thursday
evenings are dedicated to Katha with Kirtan, and Sunday mornings offer a combination of Sukhmani Sahib Path,
Katha, and Kirtan. Additionally, special programs for Simran, Gurpurabs, Puranrnashi, and Sangrand.
We look foNard to building on this momentum and continuing our mission of selfless satvice in the year ahead.
Founded in 1995, BSC is dedicated to seNing the community by providing spiritual, Gultural and social hub for the
Sikh Community. essential seNices routed in Sikh values of sev8 (selfless seNice) and Sarbat da Bhalla {welfare of
all).
Our mission to provide support and resources lo those in need, we have spent this year visiting a local nursing
home once a month to share the joy of kirtan with the residents.
Our efforts continue to touch countless lives, our success stands as a testament to the unwavering support of
donors, volunteers and sangat.
We are deeply grateful for their dedication, compassion and hard work, which make these meaningful initiatives
possible.
Financial review
The financial results of the Charity's activities for the year ended 31 December 2024 are fully reflected in the
attached Financial Statements together with Notes thereon.
11 is the policy of the charity to maintain unrestricted funds, which are the free reserve of the charity, at a level which
the Trustees think appropriate after considering the future Gommitments of the Charity and the likely administrative
costs of the charity for the next year.
Under the lerm ofTrust deed, the Charity has the power to make any investment, which the trustees see fit.
The trustees regularly review the Charity's position and needs in respect of the investment policy. The trustees
have assessed the major risks lo which the charity is exposed, and are satisfied that systems are in place to
mitigate exposure to the major risks.

BRENT SIKH CENTRE
TRUSTEES, REPORT {CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Plans for future periods
The trustees plan to continue lo provide services and make improvements to the Centre and seNices and to ensure
that an appropriate level of reserves is maintained.
structure, governance and rnanagement
The charity was established by a charitable trust deed on 29th March 1995, as amended by deed on the 11th of
March 2001 as amended on 12 June 2018.
The day to day affairs of the Charity is administered by the council of Committee members. None of the Trustees
have any beneficial interest in the Charity.
The trustees who seNed during the year and up to the date of signature of the financial statements were:
A S Hoonjan
N S Mudhar
N Nathan
S K Sahota
M S Sodhi
S K Sokhi
B Khurana
A Singh
S Chita
K Kaur
G S Ahluwalia
M Gill
(Resigned 1 January 2024)
(Appointed 1 September 2024)
The Trustees have applied suitable recruitment and training pr0￿dUreS.
The trustees, report was approved by the Board of Trustees.
A S Hoonjan
Trustee
15 January 2026

BRENT SIKH CENTRE
STATEMENT OF TRUSTEES. RESPONSIBILITIES
FOR THE YEAR ENDED 31 DECEMBER 2024
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 Accounling
Praclicel.
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 of the charity for that year.
In preparing these financial statements, the trustees are required lo:
select suitable accounting policies and then apply them consistently.,
observe the methods and principles in the Charities SORP.
make judgements and estimates that are reasonable and prudent.,
stale whether applicable accounting standards have been followed, subject to any material departures disclosed
and explained in the financial statements-, and
prepare Ihe financial slalements on the going concern basis unless it is inappropriate to presume that the charity
will continue in operation.
The trustees are responsible for keeping sufficient accounting records that disclose with reasonable accuracy at any
time the financial position of the charity and enable them to ensure that the financial slatements comply with the
Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They
are also responsible for safeguarding the assets of the Gharity and hence for taking reasonable steps for the
prevention and detection of fraud and other irregularities.

BRENT SIKH CENTRE
INDEPENDENT AUDITOR'S REPORT
TO THE TRUSTEES OF BRENT SIKH CENTRE
Opinion
We have audited the financial statements of Brent Sikh Centre (the 'charity'l for the year ended 31 December 2024
which comprise the statement of financial activities, the balan￿ 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 RepubliG 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 December 2024 and of its incoming
resources and application of resources, for the year then ended.
have bean properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice-
and
have been prepared in accordance wilh 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 Audilorfs responsibilities for the audil of
the financial slatements section of our report. We are independenl 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 fulfi15ed our other ethical responsibilities in accordance with these requiremenls. We believe
Ihat 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 re18ting to events or
conditions that, individually or collectively, may cast significant doubt on the charity s ability to Gontinue 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 slatemenls does not cover the other information and we do not express any form
of assurance conclusion thereon. Our responsibility is lo read Ihe 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 lo a material misstatement
in Ihe 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 Ihis regard.
Matters on which we are required to report by exception
We have nothing to report in respect of the following matters in relalion to which the Charities (Accounls and
Reports) Regulations 2008 requires us lo 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.

BRENT SIKH CENTRE
INDEPENDENT AUDITOR'S REPORT {CONTINUED)
TO THE TRUSTEES OF BRENT SIKH CENTRE
Responsibilities of trustees
As explained more fully in the slatemenl 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 lo 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, malters 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 auditols report Ihat includes our opinion.
Reasonable assurance is a high level of assurance but is not a guarante8 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 malerial if, individually or in Ihe aggregate, they could reasonably be expected to influence
the economic decisions of users taken on the basis of these financial statements.
Irregularities, inGluding fraud. are instances of non-compliance with laws and regulations. We design procedures in
line with our responsibilities, outlined abové, to detect material misstatements in respect of irregularities, including
fraud. The extent lo which our procedures are capable of detecting irregularities, including fraud, is detailed below.
The charity is subject to laws and regulations that directly affect the financial statements including financial reporting
legislation. We determined that the following laws and regulations were most significant:
Charities Act 2011
FRS 102
Charities SORP
UK employment legislation
UK health and safety legislation
General Data Protection Regulations
Anti-money laundering regulations
We assessed the extent of compliance with these laws and regulations as part of our procedures on the related
financial statement items.
We understood how the charity is complying with those legal and regulatory frameworks by making inquiries of
management and those responsible for legal and compliance procedures.
The engagement partner assessed whether the engagement team collectively had the appropriate competence and
capabilities to identify or recognise non-compliance with these laws and regulations. The assessment did not
identify any issues in this area.
We assessed the susceptibility of the entity's financial statements to material misstatement, inc5uding how fraud
might occur. Audit procedures performed by the engagement team included:
Identifying and assessing the measures management has in place to prevent and detect fraud,
Understanding how those charged with governance considered and addressed Ihe potential for override of
controls or other inappropriate influence over Ihe fsnancial reporting process,
Challenging assumplions and judgements made by management in its Significant estimates, and
Identifying and tesling journal entries, in particular any journal entries posted with unusual account
combinations.

BRENT SIKH CENTRE
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE TRUSTEES OF BRENT SIKH CENTRE
As a result of the above procedures, we considered the opportunities and incentives thal may exist within the
organisation for fraud and identified the greatest potential existed within Ihe recording and recognition of revenue.
Our procedures in this respect were focused on the originalion of revenue and directed towards ensuring the
accuracy and completeness of the same by undertaking testing on a sample basis of the revenue ilems to ensure
that sales had been recorded correctly and in the appropriate accounting period. We consider that the work we
undertook in this regard was considered capable of detecting irregularities and fraud within the sales cycle.
Due to the inherent limitations of an audit, there is a risk that we will not detect all irregularilies, including those
leading to a material misslatement in the financial statements or non-compliance with regulations. This risk
increases more that compliance with a law or regulation is removed from the events and transactions reflected in
Ihe financial statements, as we will be less likely to become aware of inst8nces of non-complian￿. Therefore, if a
breach of operational regulations is not disclosed to us or evident from relevant correspondence, an audit will not
detect that breach. The risk is also greater regarding irregularities occurring to fraud other Ihan error, as fraud
involves intentional concealment, forgery, collusion, omission, or misrepresentation.
A further description of our responsibilities is available on the Financial Reporting Council's website at: https'.11
www.fr¢.org.uklauditorsresponsibiliti6s. This description forms part of our auditor's report.
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 IFRS 102}" (as
amended) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued
on l April 2005 which is referred to in the extant regulations but has now been wilhdrawn.
This has been done in order for the financial statements to provide a true and fair view in accordance with current
Generally Accepled Accounting Practice.
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 Ihe charity's trustees
Ihose matters we are required to state to th8m in an auditor's report and for no other purpose. To the fullést extent
permitted by law, we do not accept or assume responsibility to anyone other than the Gharity and tha charity's
trustees as a body, for our audit work, for this report. or for the opinions we have formed.
Michael Barnett BA FCA (Senior Statutory Auditor)
For and on behalf of Richard Anthony. Statutory Auditor
Chartered Accountants
Ground Floor Cooper House
316 Regents Park Road
London
United Kingdom
N3 2JX
15 January 2026
Richard Anthony is eligible for appointment as auditor of the Gharity by virtue of its eligibility for appointment as
auditor of a company under section 1212 of the Companies Act 2006.

BRENT SIKH CENTRE
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2024
Unreslricted Restricted
funds
funds
2024
2024
Total Unrestricted Restricted
funds
funds
2023
2023
Total
2024
2023
Notes
Income from:
Donations and legacies
Investments
263,403
57,765
263,403
57,765
336,307
42,700
336,307
42,700
Total income
321,168
321.168
379,007
379,007
Expenditure on:
Raising funds
Charilable aclivilies
30,711
189,919
30,711
189,919
25,621
254,706
25,621
254,706
Total expendlture
220,630
220,630
280,327
280,327
Net income and movement in
funds
100,538
100,538
98,680
98,680
Reconciliation of funds:
Fund balances at 1 January
2024
2,917,910 1,446,730 4,364,640
2,819,230 1,446,730 4,265,960
Fund balances at 31
December 2024
3,018,448 1,446,730 4,465,178
2,917,910 1,446,730 4,364,640
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure
derive from continuing activities.

BRENT SIKH CENTRE
BALANCE SHEET
AS AT 31 DECEMBER 2024
2024
2023
Notes
Fixed assets
Tangible assets
Invèstment property
11
12
3,599,449
1,167,738
3,581,387
1,167,738
4,767,187
4,749,125
Current assets
Debtors
Cash at bank and in hand
13
11,692
67,229
15,869
38,452
78,921
54.321
Creditors: amounts falling due within
one year
15
(136,954)
(81,229)
Net current liabilities
{58,033)
(26,908)
Total assets less current liabllitles
4,709,154
4,722,217
Creditors: amounts falling due after
more than one year
16
(243,976)
{357,577)
Net assets
4,465,178
4,364,640
The funds of the charity
Restricted income funds
Unrestricted funds
18
19
1,446,730
3,018,448
1,446,730
2,917,910
4,465,178
4,364,640
The financial statements were approved by the trustees on 15 January 2026
A S Hoonjan
Trustee

BRENT SIKH CENTRE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Accountlng policies
Charity information
Brent Sikh Centre is a UK Unincorporated Charity. The registered address is 241 Slag Lane, Kingsbury,
London NW9 OEF.
1.1 Basis of preparation
The financial slatemenls have been prepared in accordance wilh the charity's trust deed, 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
app5icable to charities preparing their accounts in accordance with the Financial Reporting Standard
appliGable in the UK and Republic of Ireland (FRS 1021" (effective 1 January 2019). The charity is a Public
Benefit Entity as defined by FRS 102.
The charity has taken advantage of the provisions in the SORP for charities not to prepare a Statement of
Cash Flows.
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 Ihe Statement of
Recommended Practice which is referred to in tha 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, modified to include the
revaluation of freehold properties and to include investment properties and certain financial instrumenls at fair
value. The principal accounting policies adopted are set out below.
1.2 Going concern
At the time of approving the financial statements. the trustees have a reasonable expeclation that the charity
has adequate resources to Continue in operational existence for the foreseeable future. Thus the trustees
continué 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
objeGtives.
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 Ihe 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 othetwise 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

BRENT SIKH CENTRE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Accounting pollcies
(Contlnued)
The value of volunteer help received is not included in the accounts.
1.5 Expenditure
Expenditure is recognised once there is a legal or constructive obligation lo 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 lotal of direct costs and
shared costs, including support costs involved in undertaking each aGtivity. 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 b8SiS
consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and
deprecialion charges are allocated on the portion of the asset's use.
Grants payable without performance conditions are only recognised in the accounts when a commitment has
been made and there are no conditions to be mel relating to grant which remain in the control of the charity.
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.
Deprecialion is recognised so as to write off the Cost or valuation of assets less Iheir residual values over their
useful lives on the following bases..
Leasehold propety
Plant and machinery
Fixtures, fittings & equipment
Not depreciated
15 % reducing balance
150/0 reducing balance
The gain or loss arising on the disposal of an asset is determined as the differance between the sale proceeds
and the carrying value of the asset, and is recognised in the statement of financial aclivilies.
1.7 Investment property
Investmenl property, which is property held to earn rentals andlor for capital appreciation, is initially
recognised al cost, which includes the purchase cost and any directly attributable expenditure. Subsequently
il is measured at fair value at the reporting end date. The surplus or deficit on revaluation is recognised in
profit or loss.
1.8 Impairment of fixed assets
At each reporting end dale, the charity reviews the carrying amounts of its tangible assets to delarmine
whether there is any indication Ihat 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).
1.9 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.

BRENT SIKH CENTRE
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Accountlng policles
(Contlnued)
1.10 Flnancial instruments
The charity has elected to apply the provisions of Section 11 'BasiG 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 p8rty to the
contractual provisions of the instrument.
Financial assets and liabilities are offset, wilh the net amounts presented in the financial slatements, when
there is a lega15y enfor￿able right to set off the recognised amounts and there is an intention lo settle on a net
basis or to realise the asset and settle the liability simultaneously.
Baslc financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at
transaction price including transaction costs and are subsequenlly carried at amortised cost using the effective
inlerest method unless the arrangement constitutes a financing Iransaclion, 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.
Basic financial liabilities
Basic financial liabi5ities, including creditors and bank loans are initially recognised at Iransaclion price unless
the arrangement constitutes a financing transaction, where the debt instrument is measured at the present
value of the future payments discounted 8t a market rate of interest. Financial liabilities Glassified as payable
within one year are not amortised.
Debt instruments are subsequently carried al amortised cost, using the effective interest rale method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of
operations from suppliers. Amounls 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 inilially at
trans8¢tion price and subsequently measured at amortised cost using the effective interest method.
Derecognltlon of flnancial liabllitles
Financial liabilities are derecognised when the charity's contractual obligations expire or are discharged or
cancelled.
1.11 Employee benefits
Th8 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.
1.12 Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

BRENT SIKH CENTRE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
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 affecls both current and fulure
periods.
Income from donations and legacies
Unrestricted
funds
2024
Unrestricted
funds
2023
Donations and gifts
Legacies
263,403
309,502
26,805
263,403
336,307
Income from investments
Unrestricted Unrestricted
funds
funds
2024
2023
Rental income
57,765
42,700
Expenditure on raislng funds
Unrestricted Unrestricted
funds
funds
2024
2023
Fundraising and publicity
Other fundraising costs
30,711
25,621

BRENT SIKH CENTRE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Expenditure on charilable actlvities
Unrestricted Unrestricted
funds
funds
2024
2023
Direct costs
Staff costs
Depreclation and impairment
Rates
Insurance
Light and heat
Repairs and maintenance
Telecommunications
Sundry expenses
Donations
Bank charges
Bank and loan interest
Audit fees
Other interest payable
74,129
6,596
4,779
7,883
28,228
29,734
795
760
91,825
3,710
6,739
8,238
34,073
56.047
696
982
10,250
2,130
34,023
4.800
1,193
2,059
28,956
6,000
189,919
254,706
Analysis by fund
Unrestricted funds
189,919
254,706
Net movement In funds
2024
2023
The net movement in funds is slated after chargingllcrediting)..
Fees payable for the audit of the charily's financial statements
Depreciation of owned tangible fixed assets
6,000
6,596
4,800
3,710
Trustees
None of the trustees (or any persons connected with them) received any remuneration during the year.
Employees
The average monthly number of employees during the year was:
2024
Number
2023
Number
Administration

BRENT SIKH CENTRE
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Employees
(Continued)
Employment costs
2024
2023
Wages and salaries
Social security cosls
Other pension cosls
72,764
91,489
{259)
595
1,365
74,129
91,825
Honorarium cost amounting to £0 (2023: £33,000) represents the cost of casual workers, who assist various
functions when the requirement arises.
There were no employees whose annual remuneration was more Ihan £60,000.
10 Taxation
The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section
252 of the Taxation Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.
11 Tangible fixed assets
Leasehold
property
Plant and
machlnery
Fixtures,
flttings &
equlpment
Tolal
Cost or valuation
At 1 January 2024
Additions
3,560,364
1,700
3,668
11,820
40,955 3,604,987
11,138
24,658
At 31 December 2024
3.562,064
15,488
52,093 3,629,645
Depreciation and impairment
Al l January 2024
Depreciation charged in Ihe year
3,319
1,825
20,281
4,771
23,600
6,596
At 31 December 2024
5,144
25,052
30,196
Carrying amount
At 31 December 2024
3,562,064
10,344
27,041 3,599,449
At 31 De￿mber 2023
3,560,364
349
20,674 3,581,387
Land and buildings with a carrying amount of £3,560,364 were revalued by the trustees on the basis of markel
value. The valuation conforms to International Valuatlon Standards and was based on recent market
transaGtions on arm's length terms for similar properties.
At 31 December 2024, had the revalued assets been carried at historic cost less accumulated depreciation
and accumulated impairmenl losses, their carrying amount would have been approximately £2,113,634 (2023
£2,113,634).

BRENT SIKH CENTRE
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
11 Tangible flxed assets
(Contlnued)
Attached lo the title deed of the leasehold land are the following provision and restrictions..
{9 August 2000) Provided always and it is hereby agreed Ihal the Purchasers their successors or
assigns shall not be entitled to any righl of light or air which would in any manner diminish or interfere
with the free and unrestricted user of any adjoining property now or lately belonging to the Company
either for building or any other purpose and the assurance hereinbefore contained shall not be
deemed or construed to imply the grant of any SL5ch right.
(9 August 2000) No disposition by a sole proprietor of the land (not being a trust corporation) under
which capital money arises is to be registered except under an order of the registrar or of the Court.
123 July 2001) Except under an order of the registrar no disposition by the proprietor of the land is to
be regislered wilhout the consent of the proprietor of the Charge dated 30 May 2001 in favour of The
Royal Bank Of Scotland PLC referred to in the Charges Register.
12 Investment property
2024
Fair value
At 1 January 2024 and 31 December 2024
1,167,738
Investment property comprises of 130 Slag Lane HA8 5LL and 296 Stag Lane Nwg OEG. The fair value of
the investment property has been arrived at on the basis of a valuation carried out al £1,167.738 by trustees.
The valuation was made on an open market value basis by reference to market evidence of transaction prices
for similar properties.
Attached to the title deed of 130 Slag Lane are the following restrictions:
122 May 2014) No disposition by a sole proprietor of the registered estate {exc8Pt a trust corporation)
under which capital monéy arises is to be registered unless authorised by an order of lh8 Court.
{22 May 20141 No disposition of the registered estate by the proprietor of the registered estate is to
be registered without a written consent signed by the proprietor for the time being of the Charge
dated 29 April 2014 in favour of The Royal Bank of Scotland PLC referred to in the Charges Register.
13 Debtors
2024
2023
Amounls falling due within one year:
other debtors
Prepayments and accrued income
1,376
10,316
5,569
10,300
11,692
15,869

BRENT SIKH CENTRE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
14 Loans and overdrafts
2024
2023
Bank loans
358,976
422,577
Payable within one year
Payable after one year
115,000
243,976
65,000
357,577
Royal Bank of Scotland PIC hold first legal charges over the following properties..
(30 May 2001) Brenl Skih Centre at 241 Stag Lane, London NW9 OEF and ils associated assets.
129 April 2014) 130 Stag Lane, London HA8 5LL and its associated assets,.
{3 October 2018) 296 stag Lane, London NW9 OEG and its associated assets.
The loan bears interest at 2.50/0 p.a. over Base Rate, it Is being repaid by monthly instalments the term of 20
years from October 2018, and additional repayments can be made at any time.
15 Creditors,. amounts falllng due wlthin one year
2024
2023
Notes
Bank loans
Other taxation and social security
Other creditors
Accruals and deferred income
14
115,000
65,000
363
184
15,682
6,497
15,457
136,954
81,229
16 Creditors: amounts falling due after more than one year
2024
2023
Notes
Bank loans
14
243,976
357,577
17 Retirement benefit schemes
2024
2023
Deflned contributlon schemes
Charge to profil or loss in respect of defined contribution schemes
1,365
595
The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the
scheme are held separately from those of the charity in an independently administered fund.

BRENT SIKH CENTRE
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
18 Restricted funds
The restricted funds relates to the revaluation reserves on the premise occupied by the charity.
At 1 January
2024
At31
December
2024
Revaluation reseNe
1,446,730
1,446,730
Previous year:
At 1 January
2023
At31
December
2023
Revaluation reseNe
1.446,730
1,446,730
19 Unrestrlcted 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.
At31
De¢ember
2024
At 1 January
2024
Incoming
resources
Resources
expended
General funds
2,917,910
321,168
(220,630)
3,018,448
Previous year:
At 1 January
2023
InGomlng
resources
Resources
expended
At31
December
2023
General funds
2,819.230
379,007
(280,327)
2,917,910

BRENT SIKH CENTRE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
20 Analysis of net assets between funds
Unrestrlcted
funds
2024
Restrlcted
funds
2024
Total
2024
At 31 December 2024:
Tangible assets
Investment properties
Current assetsl{liabiliti8s)
Long term liabilities
Provisions
3,599,449
1,167,738
{58.033)
(243,976)
(1,446,730)
3,599,449
1,167,738
(58,033)
(243,976)
1,446,730
3,018,448
1.446,730
4,465,178
Unrestricted
funds
2023
Restricted
funds
2023
Total
2023
At 31 December 2023:
Tangible assets
Investment properties
Current assetsl(liabilities)
Long term liabilities
2,134,657
1.167,738
(26,9081
{357,577)
1,446,730
3,581,387
1,167,738
(26,908)
(357,5771
2,917,910
1.446,730
4.364,640
21 Related party transactions
There were no disclosable related party transactions during the year12023 - none).
22 Details of restri¢tlon
Included in the restricted funds is the revaluation surplus of £1,446,730 {2023 - £1,446,730) on the land and
buildings.