REGISTERED CHAIUTY NUMBER: 1050410
Trustees, Report and
Audited Financial Statements for the Year Ended 31st December 2023
for
Human Welfare International Charitable
Trust
S Syedain & Co
Chartered Accountants & Statutory Auditors
First Floor
87 Keiiton Road
Ha￿oW
Middlesex
HA3 OAH

Human Welfare International Charitable
Trust
Contents of the Financial Statements
for the Year Ended 31st December 2023
Page
Trustees, Report
Statement of Trustees, Responsibilities
Report of the Independent Auditors
9 to 12
Statement of Financial Activities
13
Statement of Finanelal Position
14 to 15
Statement of Cash Flows
16
Notes to the Statement of Cash Flows
17
Notes to the Financial Statements
18 to 28
Detailed Statement of Financial Activities
29 to 30

Human Welfare International Charitable
Trust
Trustees, Report
for the Year Ended 31st December 2023
The trustees present their report with the financial statements of the charity for the year ended
31st December 2023. The trustees have adopted the provisions of Accounting and Reporting by
Charities.. Statement of Recoinmended 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 l January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and Aim
The priniary object of the Trnst is to relieve poverty and sickness in India and clsewhere,
particularly by providing fvnds, support and assistance to the Giini Amarda8s Charitable Hospital
and Institute of Medical Sciences in Ludhiana. Punjab, India and any other charitable hospitals or
institutions as may froin time to time be selected by the trustees.
Further objects are to advance education in India and tlie UK, and to assist persons, both spiritually
and financially where necessary, who are in hai'dship or distress as a result of their social, domestic
or economic circumstances.
Significant activlties
The trust's income is mainly derived froin donations made by Ineinbers of the conLirc&iation who
attend the Gurdwaras operated by the Trust in Southall and Leicester. A free kitchen is part of the
serviLe provided every day and vegetarian food is available twenty-four hours a day, every day of
the week, to ineinbers of tlie public.
In the financial year of 2023, apart from the above-mentioned objectives and in support of the above
achievements, the following activities and events were undertaken by tlie Trust..
As usual, 14 days Simran-jaap ev¢nts wLre hosted in Soutliall in April for Vaisakhi prograinme, and
in Novcmber for Guru Nanak Dev ji's Gui'purab, altliough the above pro&)rammes were broadcasted
on Zoom and worshippers form all over the country could join and it was very successful. In fact,
we have no hesitation of saying this that number of Gurdwara's Iiave taken inspiration froin us and
started a siinilar type of programmes in tlieii. respective Gurdwai'as. We can say that other
Gurdwaras have been inspired by our pi'ogirainme and their Gurdwaras have started a similar
meditation programme, wliich is nonnally hosted by young childi'en, wliiLh is very important for us.
We have stai.ted giving leads and control to the young generatioiis and tliey now look fonvard to
hosting these pi'oLirammes and similar programmes It is &>iving inspirations to other youngsters as
Well, wliicli is quite satisfying to the trustees and the trust.
We have also noticed that nuinber of Homeless and poor people have started coniing to our Temple
for free food etc. Although they are not Sikh, but it gives us immcnse pleasure to serv¢ thein Iiot
food and also give tliem some grocery, whatever we can from the kitchen. It gives us total
satisfaction to do this as this is what is required from us to fced th¢ hungry and help the iieedy. We
sincerely believe that it has become lot inore common in recent months due to recession, ciitting on
welfare fund, cutting on their benefits etc. By doing tliis, the Trust is helping the loL'al cominunity
and the society.
Page I

Human Welfare International Charitable
Trust
Trustees, Report
for the Year Ended 31st December 2023
OBJECTIVES AND ACTIVITIES
Public benefit
In shaping our objectives for the year and planning our activities, the trustees have considered the
Charity Coinmission's guidance on public benefit, including the guidance 'Public benefit: running a
chai'ity (PB2}. It is the trustee's opinion that the op¢i'ation of the Trust in its present fonn is for the
public benefit under the principles set out in the Charity Commission guidance.
ACHIEVEMENT AND PERFORMANCE
Charitable activities
In the financial year of 2023, apart from tlie above mentioned objectives and in support of the above
achievements, the following activities and events were undertaken by the Trust as mentioned below.
Donation income has increased by 7% since last year which is promisingy as the level of
congrLgation is increasing from the impact of covid as the elderly people becaine Inore reluLtant to
travel to public places. Also due to the economic environment people air donating less tlian they
used to in the past.
As usual, 14 days Simran-jaap events were hosted in Southall in April 2023 for Vaisakhi
programme, and in Novembcr 202.3 for Guru Nanak Dev Ji's Gurpurab. Althou&yh the above
pro&yramines were bi'oadcasted on Zooin and worshippers fomi all over the country could.join and it
was very successful. In fact, we have i)0 Iiesitation of saying this that number of Gurdwara's have
taken inspiration from us and started a similar type of programmes in their respective Gurdwaras.
We can say that other Gurdwaras have been inspired by our progyrainme and tlieir Gurdwaras Iiave
started a siinilar meditation programme, which is normally hosted by youngF cliildren, which is very
important for us. We have started giving leads and control to the young generations and tliey now
look fOrw￿.d to Iiost tliese programmes and similar pi'ogi'ammes. It is gTiving iiispirations to other
youngstLrs as well. which is quite satisfying to the trustees and tlie trust.
We have also noticed that number of homeless and poor people hav¢ started coming to our Temple
for frce food elc. Although they are not Siklis, it gives us immense pleasure to serve tliem hot food
and also to give them some groceiy, wliatever we can fi'om the kitchen. It gives us total satisfaction
to do tliis as tliis is what is required from us to feed tlie hungry and help the needy,
We sincerely believe that it has become lot more cominon in recent months due to the recession,
reduction in the benefits and welfare funds. By doingT tliis, tlie Trust is helping the local cominunity
and the society.
Page 2

Human Welfare International Charitable
Trust
Trustees, Report
for the Year Ended 31st December 2023
FINANCIAL REVIEW
Financial position
The primary funding source is donations froni both the Gurdwara congregations. The funds from
this source are used to provide the congregation with well-maintained Gurdwaras, in Southall and
Leicester and other resources in order to achieve the objectives of the charity.
Donation income had increased by 70/0 to £591,621 (2022.. £552,102) since last year due to general
increase in donations from congregration .The ovei'all income had increased during the year as a
result of the settlement amount from the GAD Hall fire claim fi'oiii the insurers.
However, the total resources expended had increased to £481,390 (2021 . £435,691) which was due
to the overall increase in costs due to the economic conditions.
On 15 July 2021, the Guru Amardass Hall was completely destroyed as a result of a massive fire,
which was caused by an electrical short circuit. Fortunately, no personal lives were lost but tlie hall
was completely destroyed.
A cash settlement was negotiated with the insurance coinpany which was agreed at 80 % of value at
risk. The final settleinent received was £1,127,256 which was after initial costs, and this was
received in August 2023. Work to restore the hall commenced shortly after the settleinent was
received and it is anticipated that the hall will bc coinpleted during the end of 2024 when we hope
that we can start to use the hall again for our reli&rious functions.
The charity has been able to maintain its net assets above the minimum amount as part of the
ondition of both loans.
Rental income from the Trust's investment pi'operties have remained the same as last year at
£53,000.
The insiirance proceeds enabled the Trust to receive interest on the settleinent that were received
from the insurers.
Reserves policy
In our last report, we had suggested to review our Reserve Policy. which was done during the year.
It was decided that tlie trust will try to keep tlie IOO/o of the total outstandingy loan by tlie trust in our
bank account. Also, it was decided tliat it is not a big risk anymore due to tlie fact that, our monthly
cominitinent lias already been reduced by £10,000 per inonth due to our changing the inortgage
from RBS to Lloyds and our mortgage rate is fixed for the remaining tern]s at a very low rate.
Page 3

Human Welfare International Charitable
Trust
Trustees, Report
for the Year Ended 31st December 2023
FUTURE PLANS
We believe that by bringing extra congregation and young generation, we may not be increasing the
turnover in short tenn ot. time, but it should prove very fruittijl for everyone in a long tern] in terms
of not only financial gains but spiritual goals and also fulfilling our responsibilities towards the
coinmunity at large and also to the country, where we live in. We believe that our Centres are
providing more help to the local community now than in the past, as per explanations with regards
to lot more programme for youngsters, lot inore needy people coming to the centre for food and
other help etc.
The Trust has run another successful year (considering the reduction income as a result of the fire at
GAD Hall) and we really do not see any failures aiid do not t.or see any major issue or problem apart
from encouraging more volunteers and youngsters to give tlieir valuable tiine and if we can provide
the congregsation, society a valuable service, then perhaps we would have satisfaction in tenns of
spiritual goals etc.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an
unincorporated charity.
Charity constitution
The Charity is controlled by its governing document, a deed of trust. and constitutes an
unincorporated charity.
The trust was set up by deed dated 30th October 1995 and supplementary deeds dated 10th March
1998, 26th June 2006, 3 1st January 2008 and 17th June 2009.
The board has already started investing the pro and cons of converting the Trust into a Cliaritable
Incory)orated Organisation and have already asked our Auditors as well for theii. opinion and will
decide in near future, onLe it has been fiilly discussed. Unfortunately, no progress
has been made on this during the year. due to dealing with insurance claim and not able to use the
hall for the whole year
The Trust is not looking to replace any existing trustees and the Trust is satisfied with the cu￿ent
trustees.
Page 4

Human Welfare International Charitable
Trust
Trustees, Report
for the Year Ended 31st December 2023
STRUCTURE, GOVERNANCE AND MANAGEMENT
Appointment of trustees
The trustees are responsible for the administration and investment policy of the Charity. Trustees
are appointed and removed by the board of trustees after deliberation with the Chairn]an.
The trustees who served during the year were..
Bhai Anhad Raj Singh (Chairn]an)
Ainarjit Singh
Daljit Singih Saggu
Surinder Singih Jagdev
Gurvinder Pal Singh Kohli
Organisational structure
A board of trustees (the "Board"), which meets regularly tlirouLyhout tlie year, administers the
charity. The Chairman of the trust is responsible for settingr the general strategy and direLtion of the
trnst, whereas the administration and operational responsibilities pertaining to the trust fall to the
board.
Volunteers
Many volunteers give up their time to help witli day-to-day tasks at the Sikh temples (Gurdwaras)
operated by the Trust, particularly at weekLnds and in the evenings. The trustees are grLatly
indebted to these volunteers for their contribution, cominitmcnt and suppoit.
Related parties
The Chairman Mr Anhad Raj Singih is also tlie chairinan of Guru Amardass Charitable Hospital and
Institute of Medical Sciences in Ludhiana, Punjab, India wliLi'c the Trust donates part of its
donations as per its deeds on an ad-hoc basis.
As are result of the GAD Hall fire a company called Juxtaposition Limited wab engagcd for the
iiislallation of the scaffolding and temporary tin roof, in addition to some Llearance work. Mr
Siirinder Ja&'dev, one of tlie Trustees, is also a director of Juxtaposition Liinited.
Page 5

Human Welfare International Charitable
Trust
Trustees, Report
for the Year Ended 31st December 2023
STRUCTURE, GOVERNANCE AND MANAGEMENT
Risk management
The trustees recognise that with recession worldwide and Covid effects and cost of living crises is
still having definitely impact on the total donations during the year. Also, many young generations
are drifting away from any sort of religion. Overall lack of confidence in the economy also has
negative impact on place of worships as congregations feel the economic financial pressure and
theret"ore, their visits to tlie Gurdwara gets less and also their donations etc get effected as well.
The trustees also recognise that it is becomingF lot more difficult to fInd a suitable priest, religyious
woi'kers and Holy Book readers etc due to lot inore conti'ol on the immigration policy of the current
Governinent.
Also, in July 2021. Guru Ainardass Hall was completely destt'oyed with massive fire, which was
caused by electrical short circuit. Fortunately, no personal lives were lost but the hall was
coinpletely destroyed. Insurance Claiin was started during the year and one of tlie trustee was made
In chargye of the insurance claim who has since been taking this matter with the Iiisurance company.
Insurance claim was settled as cash settlement and inajor renovation work started at Guru Aniardass
Hall towards the end of the Yeai. which continued in 2024. Currently renovation work lias finished
and the hall is ready to be used again and waitin&y for final completion certificate and once received,
the Gurdwara should start generating re&yular iiicome for the hall in 2025.
The trustees have taken the following measures to initigate these risks:_
Tryin&F to do progTrammes for young generations and tryinLy to make food which is preferred by the
yoiingsters etc. Also trying to give the control on tlie progsraiTimes to youngysters and also trying to
xive them programme in Englisli which they understand better.
We do think that by doing tliese activities, we would be spending more resources but would be
doing a gTreat job for the young>sters, their parents and mainly for the community at large as once
they start coming to the Gurdwara, start taking parts in reli&¥ious activities, would ensure that tliey
will nol be indulging in other anti social activities etc. Secondly, we would be preparin& a
generation, who would be takin&y over tlie charity to take further wlien we are not in this world.
We do not foresee any problem witli bank's mortgage as our interest rate on our borrowing is fixed
at fantastic rate as mentioned in our last years report and the mortgage is always paid oli time, tlius
reducing the amount outstanding as well.
Propety values have also gone up during the period, whicli makes our loan to valuation in more
favourable to the Trust.
The trust also acknowledges that we still have a very big site of Leicester, two residential units in
Leicester, 4 residential units in Southall. whicli have no loan or moitgagFe on thein and tliey provide
us cushion against the above risks. We also acknowledge that the site at Leicester is very much
under pei'fonning in sense of its sizc and facilities available and looking at different avenues to
inLrea8e the income from Leicester site.
Page 6

Human Welfare International Charitable
Trust
Trustees, Report
for the Year Ended 31st December 2023
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Charity number
1050410
Principal address
IA -3 Clifton Road
Southall
Middlesex
UB2 5QP
Trustees
Mr D S sa8￿U
Mr A Singh
Mr S S Jagdev
MrGPSKholi
Mr A R Singh
Auditors
S Syedain & Co
Chartered Accountants & Statutory Auditors
First Floor
87 Kenton Road
Harrow
Middlesex
HA3 OAH
Bankers
Lloyds Bank PIC
UxbridL7e
Birmingliam OCS4
Ariel House, 2138 Coventry Road
Slieldon
B26 3JW
EVENTS SINCE THE END OF THE YEAR
Inforn]ation relating to events since the end of the year is given in the notes to the financial
stateinents.
Approved by order of the board of trustees on 28th May 2025 and signed on its behalf by:
Mr D S Saggu - Trustee
Page 7

Human Welfare International Charitable
Trust
Statement of Trustees, Responsibilities
for the Year Ended 31st December 2023
The trustees are responsible for preparing the Trustees, Report and the financial statements in
aLcordanLe with applicable law and United Kingdom Accounting Standards {United Kingdom
Generally Accepted Accounting Practice) including Financial Reporting Standard 102 "The
Financial Reporting Standard applicable in the UK and Republic of Ireland
The law applicable to charities in England and Wales, the Charities Act 2011, Charity (Accounts
and Reports) Regulations 2008 and the provisions of the trust deed requires the trustees to pi'epare
financial statements for each financial year which give a true and fair view of tl)e state of affairs of
the charity and of the incoming resources and applicatioii ot. resources, including the incoine and
expenditure, of the charity for that period. In preparing those financial statements, the trustees are
required to
select suitable accounting policies and then apply tliem consistently.
observe the methods and principles in the Charity SORP;
mak¢.jud&yements and estimates that are reasonable and prudent.
state whether applicable accountin&F Standards have been followed, subject to any material
depaitures disclosed and explained in the financial statements.
prepare the financial stateinents on the going concern basis unless it is inappropriate to presume
that the charity will continue in business.
The trustees are responsible for keeping proper accounting records which disclose with reasonable
accuracy at any time the financial position of the charity and to enable them to ensure that the
financial statements comply witli the Charities Act 2011, the Charity (Accounts and Reports)
Re&iulations 2008 and the provisions of tlie trust deed. Tliey are also respoiisible for safeguarding
the assets of the cliarity and hence for taking reasonable steps for the prevention and detection of
fraud and other irregularities.
Page 8

Report of the Independent Auditors to the Trustees of
Human Welfare International Charitable
Trust
Opinion
We have audited the financial statements of Huinan Welfare Jnternational Charitable Trust (the
'charity') for the year ended 31st December 2023 which comprise the Statement of Financial
Activities, the Statement of Financial Position, the Statement of Cash Flows and notes to tlie
financial statements, including a summary of significant accounting policies, The financial i'eporting
frainework that has been applied in their preparation is applicable law and United Kingdom
Accounting Standards (United Kingdom Generally Accepted Accounting Practice), includiiig
Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and
Republic of Ireland,.
In oiir opinion the financial statements:
give a true and fair view of the state of the charity's affairs as at 3 1st December 2023 and of its
incoming resources and application of resources, for the year then ended.
have been properly prepared in accoi'dance with United Kingdom Geiiei'ally Accepted
Accounting Practice, including Financial Reporting Standard 102 'The li inancial Reporting
Standard applicable in the UK and Republic of Ireland and
have been prepared in accordance with the requirements of the Charities Act 2011 .
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK} (ISAS {UK)}
and applicable law. Our responsibilities under those standards are further described in the Auditors,
responsibilities for the audit of the financial statements section of our report. We are independent of
the charity in accordance with the ethical requireinents 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 Iiave
obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial stateinents, we have concluded that the trustees, use of the going concern
basis of accounting in the preparation of tlie financial statements is appi'opriate.
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 signifiLant doubt on the cliarity's
ability to continue as a goin&y coiicern for a period of at least twelve months from when the financial
statements are authoris¢d foi. issue.
Our responsibilities and the responsibilities of the tNstees with respect to going concern are
described iii the relevant sections of tliis report.
Page 9

Report of the Independent Auditors to the Trustees of
Human Welfare International Charitable
Trust
Other information
The trustees are responsible for the other inforniation. The other int"omiation comprises the
information included in the Annual Report, other than the financial statements and our Report of the
Independent Auditors tliereon.
Our opinion on the financial statements does not cover the other inforn]ation and, except to the
extent otheNise explicitly stated in our report. we do not express any forn] of assurance conclusion
thereon.
In connection with our audit of the financial statements, our responsibility is to read the other
inforination and, in doing so, consider wliether the other inforniation is materially inconsistent with
the financial stateinents or our knowledge obtained in the audit or otlierwise appears to be materially
misstated. If we identit'y such material inconsistencies or apparent inaterial misstatemeiits, we are
requii'ed to detennine whether this gives rise to a material inisstatLment in the financial stateincnt&i
themselves. If, based on the work we have perforn]ed, we conclude that there is a inaterial
misstatement of this other inforn]ation, we are required to report that fact. We have nothing to
report in this regard.
Matters on which we are requlred to report by exception
We have nothing to report in respect of the followingT matters where the Charities (Accounts and
Reports) Regulations 2008 reqiiires us to report to you if, in our opinion:
the information given in the trustees Report is inconsistent in any inaterial respect with the
financial statements. or
sufficient accounting records have not been kept; or
the financial statements are not in agreement with tlie accountingy records and returns. or
we have not received all tlie inforn]ation and explanations we require for our audit.
Responsibilities of trustees
As explained more fully in the Statement of Trustees, Responsibilities, the trustees are responsible
for the preparation of the financial statements wliich give a truc and fair view, and for such internal
control as tlie trustees detern]ine is necessary to enable the preparation of financial statemcnts that
are free from material misstatement, whether due to fraud oi. error.
In preparing the financial statements, the trustees are responsible for assessing tlie cliarity's ability to
continue as a goin&y concern, disclosiiig, as applicable, Inatters related to going concern and using
the gyoing concern basis of accounting unless tlie trustees either intend to liquidate tlie charity or to
cease operations. or have no realistic alternative but to do so.
Page 10

Report of the Independent Auditors to the Trustees of
Human Welfare International Charitable
Trust
Our responsibilities for the audit of the financial statements
We have been appointed as auditors under Section 144 of the Charities Act 2011 and report in
accordance with the Act and relevant regulations made or having effect tliereunder.
Our objectives are to obtain reasonable assurance about whether the financial stateinents as a whole
are free trom material misstatement, whether due to traud or error, and to issue a Report of the
Independent Auditors 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 misstateinent when it exists. Misstatements can arise froin fi'aud oi. error and are considered
material if, individually or in the aggFregyate, tliey could reasonably be expected to intluence the
economic decisions of users taken on the basis ot" tliese financial stateinents.
We enquired of management, which included obtaining and reviewing supporting documentation,
conceiiling the charity's policies and procedui'es r¢latingi to:
Identifyingi evaluating, and complying with laws aiid i'egyulations and whether they were aware of
any instances of non-coinpliance;
Detecting and responding to the risks of fraud and whether they have knowledge of any actual,
suspcctcd, or allL&ied fraud;
The internal controls established to mitigyate i'isks related to fraud or non-compliance with laws
and re&Fulations.
We inspected the minutes of meeting¥s of those charged with governance.
We obtained an understanding7 of the legal and regulatory framework that the charity opei'ates in,
focusinLY on those laws and regulations that had a inatei'ial effect on tlie financial statemenls or that
had a fundamental effect on the opei'ations of tlie Lliarity from our professional and sector
expei'ience.
We reviewed processes for in place for monitoriiig and accounting for funds providcd to partner
oi'&yani&*ations outside tlie UK.
We coinmunicated applicable laws and regulations tlirou&yhout the audit teain and remained alert to
any indications of noncompliance tliroughout the audit.
We reviewed any reports made to regulators.
We reviewed the financial statement disclosures and tested these to supporting documentation to
assess compliance with applicable laws and regulations.
We perfornied analytical procedures to identify any unusual or unexpected relationsliips that may
indicate risks of material Inisstatement due to fraud.
Page 11

Report of the Independent Auditors to the Trustees of
Hurnan Welfare International Charitable
Trust
In addressing the risk of fraud through management ovettide of controls, we tested the
appropriateness of journal entries and other adjustments, assessed whether the judgemcnts made in
making accounting estimates are indicative of a potential bias and tested significant transactions that
are unusual or those outside the nonnal course of business.
Because of the inherent limitations of an audit, there is a risk that we will not detect all
irregularities, including those leading to a material misstatement in the financial statements or
non-compliance with regulation. This risk increases the more that compliance with a law or
Tegulation is reinoved froin the events and transactions reflected in the financial stateinents, as we
will be less likely to become aware of instances of non-compliance. The risk is also greater
regarding irregularities occurring due to fraud rather than error, as fraud involves intentional
concealment, forgery,collusion, omission or misreprcsentation.
A further desciiption of our responsibilities foi. the audit of the financial statements is located on the
Finaiicial Reporting Council's website at www.frc.orgy.uk/auditorsresponsibilitics. This description
foiins part of our Report of the Independent Auditors.
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 undLrtaken so that WL,
might state to the charity's trustees those inatters we are required to state to them in an auditors,
report and for no other purpose. To the fullLst extent pennitted by law, we do not accept or assume
responsibility to anyone other than the charity aiid the charity's trustees as a body, for our audit
work, for this report, or for the opinions we have formed.
S Syedain & Co
Cliartered Accountants & Statutory Auditors
First Floor
87 Kenton Road
Harrow
Middlescx
HA3 OAH
28th May 2025
Page 12

Human Welfare International Charitable
Trust
Statement of Financial Activities
for the Year Ended 31st December 2023
Unrestricted Restricted
fund
fund
31.12.23
Total
funds
31.12.22
Total
funds
INCOME AND ENDOWMENTS
FROM
Donations and legacies
Notes
1,718,877
1,718,877
556,846
Investment incoine
54,875
54,875
53,000
Total
1,773,752
1,773,752
609,846
EXPENDITURE ON
Charitable activities
Reli&ious Actlvity
Support costs and Administration Costs
Total
145,808
335,582
145,808
335,582
122.184
313,507
481,390
481,390
435,691
Net gains/(losses) on investments
(34,000)
(34,000)
54,000
NET INCOME
1.258,362
1,258,362
228,155
RECONCILIATION OF FUNDS
Total funds brou&yht forward
2,894,845
2,894,845 2,666,690
TOTAL FUIYDS CARIUED
FORWARD
4,153,207
4,153,207 2,894,845
The notes fonn part of these financial statements
Page 13

Human Welfare International Charitable
Trust
Statement of Financial Position
31st December 2023
Unrestricted Restricted
fund
fund
31.12.23
Total
funds
31.12.22
Total
funds
Notes
FIXED ASSETS
Tangible assets
Investment propety
2,492,964
10 1,320,000
2,492,964 2,561,857
1,320,000 1,354,000
3,812,964 3,915,857
3,812,964
CURRENT ASSETS
Debtors
Cash at bank and in hand
196,140
1,439,363
196,140
1,439,363
21,879
422,827
1,635,503
1,635,503
444,706
CREDITORS
Ainounts falling due within one year
12 (287,026)
{287,026} (293,676)
IYET CURRENT ASSETS
1,348,477
1,348,477
151,030
TOTAL ASSETS LESS CURRENT
LIABILITIES
5,161.441
CREDITORS
Ainounts falling due after inore than one
year
5,161,441 4,066,887
13 {1,008,234)
{1,008,234} (1,172,042)
NET ASSETS
4,153,207
4,153,207 2,894,845
The notes forni part of these financial statements
Page 14
continued...

Human Welfare International Charitable
Trust
Statement of Financial Position - continued
31st December 2023
FUNDS
Unrestricted funds
16
4,153,207 2.894,845
4,153,207 2,894,845
TOTAL FUNDS
The financial statements were approved by the Board of Trustees and authorised for issue on
28th May 2025 and were signed on its behalf by..
Mr D S Saggu - Trustee
Kholi - Truste¢
The notes fom] part of these financial statements
Page 15

Human Welfare International Charitable
Trust
Statement of Cash Flows
for the Year Ended 31st December 2023
Notes
31.12.23
31.12.22
Cash flows from operating activities
Cash generated froin operations
Interest paid
1,236,850
(55,529)
282,454
(47,120)
Net cash provided by operating activities
1,181,321
235,334
Cash flows from investing activities
Purchase of tangible tixed assets
Interest received
(2,549)
1,175
(30.243)
Net cash used in invcsting activities
(1,374)
(30,243)
Cash flows from financing activities
Loan repayments in year
(163,411)
Net cash used in financing activities
(163,025)
(163,411)
(163,025)
Change in cash and cash
equivalents in the reporting period
Cash and cash equivalents at the
beginning of the reporting period
1,016,536
42,066
422,827
Cash and cash equivalents at the
end of the reporting period
-380,761
1,439,363
422,827
The notes forn] part of these financial statements
Page 16

Human Welfare International Charitable
Trust
Notes to the Statement of Cash Flows
for the Year Ended 31st December 2023
RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING
ACTIVITIES
31.12.23
31.12.22
Net income for the reporting period (as per the Statement
of Financial Activities)
Adjustments for:
Depreciation charges
Losses/(gain) on investments
Interest received
Interest paid
Increase in debtors
Decrease in creditors
1,258,362
228,155
71,442
34,000
(1,175)
55,529
(174,261)
(7,047)
74,147
(54,000)
47,120
(1,511)
(11,457)
Net cash provided by operations
1,236,850
282,454
ANALYSIS OF CHANGES IN NET (DEBT)/FUNDS
At 1.1.23 Cash flow At 31.12.23
Net cash
Cash at bank and in hand
422,827
1,016,536 1,439,363
422,827 1,016,536 1,439,363
Debt
Debts fallinLy due within l year
Debts falling due after l year
(197,295)
(1,172,042)
(397) (197,692}
163,808 (1,008,234)
163.411 (1,205.926)
(946,510} 1,179,947
(1,369,337)
Total
233.437
The notes forni part of these financial statements
Page 17

Human Welfare Internationaj Charitable
Trust
Notes to the Financial Statements
for the Year Ended 31st December 2023
ACCOUNTING POLICIES
Basis of preparing the financial statements
The tinancial statements of the charity, which is a public benefit entity under FRS 102, have
been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting
by Charities.. Statement of Recoinmended Pi'actice applicable to charities preparing tliLir
aLcounts in accordance with the Financial Reporting Standard applicable in the UK and
Republic of Ireland (FRS 102} (effective l January 2019),, Financial Reporting Standard 102
'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the
Charities Act 2011. The financial statenients have been prepared under the historical cost
convention, as modified by the revaluation of certain assets.
Income
All income is i'ecognised in the Statement of Financial Activities once the Trust has
entitlement to the funds, it is probable that the income will be received and the amount can be
measured reliably. Cash donations are recognised on receipt. Intere%t received is recognised
when receivable.
The Trust receives gifts in kind in the forn] of food as part of the congyreLyational offerings.
These gFifts in kind are used as part of the free lan&yer (food) and as part of the items required
in the day to day runnin&y of the Gurdwaras,. The ainount involved is not considered material
in i'elation to the total incomin&> resources. The giifts in kind of food offering has not been
included in the accounts.
Assets given for use by the Trust are recognised when receivable.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation
cominittingy the Trust to that expenditure, it is probable that a transfer of economic benefits
Will be required in settlement and tlie amount of tlie obligyation can be ineasured reliably.
Expenditure is accounted for on an accruals basis and ha.8 becn clasbified undcr Iieadinbis that
aggrcgate all cost related to the category. Where costs cannot be directly attributed to
particular headings tliey have been allocated to activities on a basis consistent with the use of
resources.
Governance costs includes the costs attributable to the Trust's compliance with constitutional
and statutory requirements, audit, Trustee's expenses and reimbursed expenses.
The Trust has only a few relevant actlvlty categories on which resources are expended and as
sucli the costs between the different categories are easily allocated without the use of any
method of apportionment.
The Trust provides provision of the scripture of the Sikh religion called the "Sri Guru Grantli
Sahib" to be read in both the Gurdwaras, 24/7 which requires employing self employed priests
on a contractual basis who are paid as soon as they have fulfilled their duties.
Page 18
continued...

Human Welfare International Charitable
Trust
Notes to the Financial Statements - continued
for the Year Ended 31st December 2023
ACCOUNTII¥G POLICIES - continued
Voluntary help
A significant amount of time is spent expended on the Trust's activities which is donated free
of charge. It is not possible to quantify the value of time given and accordingly it is neither
recorded as donated income nor as an expense in the financial statements.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its
estimated useful life.
Freehold property
Fixtui'e and Fittings
2Q/o on cost
15 % on reducing biilance
Investment property
Investment property, which is property held to earn i'entals and/or for capital appreciation is
initially measured at cost and subsequently measui'ed using the fair value model aiid stated at
its fair value at the repoiting end date. Tlie surplus or deficit on revaluation is recognised as
part of the net incoine/(loss) for the year.
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion
of the trustees.
Restricted funds can only be used for particular restricted purposes within tlie objects of tlie
Trust. Restrictions arise wlien specified by the donor or when fiinds are raised for particular
restricted purposes.
The restricted funds are in relation to donations made specifically towards the buildingr of the
hospital in Ludhiana known as tlie Baba J(Iswant Singh Trust Ludhiana, India,
Going concern
At the tiine of approving the accounts, the Trustees have a reasonable expectation that the
Trust has adequate resources to continue in operational existence foi. the foreseeable future.
Thus the Trustees, continue to adopt the going concern basis of accounting in preparing the
accounts.
Page 19
continued...

Human Welfare International Charitable
Trust
Notes to the Financial Statements - continued
for the Year Ended 31st December 2023
DONATIONS AND LEGACIES
31.12.23
31.12.22
Donations
Insurance claims
591.621
1,127,256
552,102
4,744
1,718,877
556,846
The insurance claim relates to the final settlement received from the insurance company in
relation to the insurance claim froin the GAD Hall tire.
INVESTMENT INCOME
31.12.23
31.12.22
Rents received
Deposit account interest
53,700
1,175
53,000
54,875
53,000
CHARITABLE ACTIVITIES COSTS
Direct
Costs
Support
costs (see
note 5)
Totals
Religous Activity
Siipport costs and Administration
Costs
145,808
145,808
305,616
29.966
335,582
451,424
29,966
481,390
Page 20
continued...

Human Welfare Internatlollal Charitable
Trust
Notes to the Financial Statements - continued
for the Year Ended 31st December 2023
SUPPORT COSTS
Management Finance
Governance
costs
Totsis
Support costs and Administration
Costs
3,128
2,300
24,538
29,966
TRUSTEES, REMUNERATION AND BEINEFITS
There were no trustees, remuneration or other benetits for the year ended 31 st December 2023
nor for the year ended 31 st December 2022.
Trustees, expenses
There were no Trustee expenses this year.
STAFF COSTS
31.12.23
31.12.22
Wagyes and salaries
16,598
16,596
16,598
16,596
The average montlily number of employees during tlie year was as follows:
Soutliall
31.12.23
31.12.22
No employees received emoluments in excess of £60,000.
Page 21
continued...

Human Welfare International Charitable
Trust
Notes to the Financial Statements - continued
for the Year Ended 31st December 2023
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted Restricted
fund
fund
Total
funds
INCOME AND ENDOWMENTS FROM
Donations and legacies
556,846
556,846
Investment income
53,000
53,000
Total
609,846
609,846
EXPENDITURE ON
Charitable activities
Religous Activity
Support costs and Administration
Costs
122,184
122,184
313,507
313,507
Total
435,691
435,691
Net gains on investments
54,000
54,000
NET INCOME
228,155
228,155
RECONCILIATION OF FUNDS
Total funds brouglit forward
2,666,690
2,666,690
TOTAL FUNDS CARRIED
FORWARD
2,894,845
2,894,845
Page 22
continued...

Human Welfare International Charitable
Trust
Notes to the Financial Statements - continued
for the Year Ended 31st December 2023
TANGIBLE FIXED ASSETS
Fixture
and
Fittings
Freehold
property
Totals
COST
At 1st January 2023
Additions
3,110,762
226,936 3,337,698
2,549
2,549
At 3 1st December 2023
3,110,762
229,485 3,340,247
DEPRLCIATION
At 1st January 2023
Charge for year
616,525
62,215
159,316
9,227
775,841
71,442
At 31 st December 2023
678,740
168,543
847,283
NET BOOK VALUE
At 3 1st Deceinber 2023
2,432,022
60,942 2,492,964
At 3 1st December 2022
2,494,237
67,620 2,561,857
10. INVESTMENT PROPERTY
FAIR VALUE
At I st January 2023
Revaluation
1,354,000
(34,000)
At 3 1st December 2023
1,320,000
NET BOOK VALUE
At 3 1st December 2023
1,320,000
At 31 st December 2022
1,354,000
Page 23
continued...

Human Welfare International Charitable
Trust
Notes to the Financial Statements - continued
for the Year Ended 31st December 2023
10. INVESTMENT PROPERTY_ continued
Fair value at 31 st December 2023 is represented by..
Valuation in 2014
Valuation in 2015
Valuation in 2016
Valuation in 2017
Valuation in 2019
Valuation in 2020
Valuation in 2021
Valuation in 2022
Valuation in 2023
Cost
378.860
30,000
87,000
(3,123)
110,000
20,517
355,606
54,000
(34,000)
321,140
1,320.000
The Trustees consider that the caiiyin&Tr value of the investinent properties approximates to
their fair value. The fair value is based on an independent valuers, valuation.
11. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23
31.12.22
Other debtors
Prepayments
39,934
156,206
13,006
8,873
196,140
21,879
Included within Other Debtoi's is an amount £22,325.05 that is due from Juxtaposition
Limited as part of the GAD Hall initial clear up work.
Page 24
continued...

Human Welfare International Charitable
Trust
Notes to the Financial Statements - continued
for the Year Ended 31st December 2023
12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23
31.12.22
Bank loans and overdrafts (see note 14)
Other loans (sce note l4)
Social security and other taxes
Other creditors
Accrued expense
167,692
30,000
901
62,523
25,910
167,295
30.000
1.046
78,785
16,550
287,026
293,676
13. CREDITORS: AMOUNTS FALLING DUE AFfER MORE THAN ONE YEAR
31.12.23
31.12.22
Bank loans (see note 14)
1.008,234 1,172,042
14. LOANS
The Trust has two loans with Lloyds bank. The first was taken out in 2012 foi. a period of 180
months at a fixed rate of interest uf 3.6060 % per aiinuin foi. seven years. In October 2019 the
interest rate for the loan was re-negiotiated and a new fixed interLst rate of 2.942 % per annum
Iiad been agreed. The final instalment of the loan i'epayable on 2611012028.
The second loan was taken out in 2017 for a period of 240 months at a rate of interest of base
plus 3 % whicli was 3.25 % per annum at the year end.
Other loans relate to a £30,000 Interest Free Loan which had been provided by meinbers of
the congreLyation.
IS. SECURED DEBTS
The following secured debts are included within creditors.,
31.12.23
31.12.22
Bank loans
1,175.926
1,339,337
Both the bank loans are secured by way of a fixed charge over some of tlie freehold properties
that the Trust holds.
Page 25
continued...

Human Welfare International Charitable
Trust
Notes to the Financial Statements - continued
for the Year Ended 31st December 2023
16. MOVEMENT IN FUNDS
Net
movement
in funds
At
31.12.23
At 1.1.23
Unrestricted funds
General t'und
2,894,845
1,258,362 4,153,207
TOTAL FUNDS
2,894,845 I,258,362 4,153,207
Net movement in funds, included in the above are as follows..
Inconiing Resources
resources
expended
Gains and Movement
losses
in funds
Unrestricted funds
General fund
1,773,752
(481,390)
(34,000) 1.258,362
TOTAL FUNDS
1,773,752
(481,390)
(34,000) 1,258,362
Comparatives for movement in funds
Net
movement
in funds
At 1.1.22
At
31.12.22
Unrestricted funds
General fund
2,666,690
228,155 2,894,845
TOTAL FUNDS
2,666,690
228,155 2,894,845
Page 26
continued...

Human Welfare International Charitable
Trust
Notes to the Financial Statements - continued
for the Year Ended 31st December 2023
16. MOVEMENT IN FUNDS- continued
Comparative net movement in funds, included in the above are as follows..
Incoming Resources
resources
expended
Gains and Movement
losses
in funds
Unrestricted funds
General fund
609,846
(435,691)
54.000
228.155
TOTAL FUNDS
609,846
(435,691)
54.000
228,155
A current year 12 months and prior year 12 months combined position is as follows:
Net
movement
in funds
At 1.1.22
At
31,12.23
Unrestricted funds
General fund
2,666,690 1,486,517 4,153,207
TOTAL FUNDS
2,666,690 1,486,517 4,153,207
current year 12 months and prior year 12 months combined net movement in funds,
included in the above are as follows..
Incomin
resources
Resources
expended
Gains and Moveinent
losses
in funds
Unrestricted funds
General fund
2,383.598
(917,081)
20,000 1.486,517
TOTAL FUIYDS
2,383,598
{917.081)
20,000
1,486,517
Page 27
continued...

Human Welfare International Charitable
Trust
Notes to the Financial Statements - continued
for the Year Ended 31st December 2023
17. RELATED PARTY DISCLOSURES
Tlie Trust had engaged a company called Juxtaposition Limited to assist in the clearance work
on the GAD Hall as a result of the damage caus¢d by the fire during the year. Mi. Surinder
Jagdev, one of the tnlstees of the Trust is also a director of this company. There is still an
outstanding debtor balance of £22,325 showing at the year end.
18. POST BALANCE SHEET EVENTS
Tlie insurance claim settlement for the GAD hall, that was damaged as a result of a major fire
during the year, was £1,355,746 and the amount i'eceived by the Trust, net of initial expenses,
was £l,1127,256 during August 2023. Some of the restoration on GAD hall commenced
during the end of 2023 and it is anticipated that the work should be completed by the end of
2024.
Page 28

Human Welfare International Charitable
Trust
Detailed Statement of Financial Activities
for the Year Ended 31st December 2023
31.12.23
31.12.22
INCOME AND ENDOWMENTS
Donations and legacies
Donations
Insurance claims
591,621
1,127,256
552,102
4,744
1,718,877
Investment ineome
Rents received
Deposit account interest
556,846
53,700
1,175
53,000
54,875
Total incoming resources
53,000
1,773,752
609,846
EXPENDITURE
Charitable actlvities
Wa&ies
Rent and Rates
Insurance
Light and heat
Sundrles
Repair & Maintenance
F"ood & Catering
Biiildingis repairs
Visitiiig priests
F'recliold property
Fixtures and fittings
Bank loan interest
16,598
25,396
26,596
121,610
1,565
13,068
18,565
17,006
84,049
62,215
9.227
55,529
16,596
18,920
19,697
122,189
1,012
13,721
13,421
10,725
77,484
62,215
11,932
47,120
451,424
Support costs
Management
Postage and stationery
Carried forward
415,032
1,553
1,553
432
432
This page does not forn] part of the statutory fmancial statements
Page 29

Human Welfare International Charitable
Trust
Detailed Statement of Financial Activities
for the Year Ended 31st December 2023
31.12.23
31.12.22
Management
Brought forward
Advertising
1,553
1,575
432
175
3,128
607
Finance
Bank charges
2,300
Governance costs
Auditors, remuneration
Auditors, remuneration for non audit
work
Telephone
Legal and Professional fees
1,906
6,000
5,750
12.960
4,378
1,200
9,158
3,238
24,538
Total resources expended
18,146
481,390
Net income before gains and losses
435,691
1,292,362
Realised recognised gains and losses
Realised gains/(losses) on investment
property
174,155
Net income
(34,000)
54,000
1,258,362
228,155
This page does not fonn part of the statutory financial statements
Page 30