NANAKSAR SATSANG SABHA (LONDON)
FINANCIAL STATEMENTS
31 MARCH 2024
Charity Number: 1072303

CONTENTS
Page{s)
Trustees Annual Report
Independent Examinerfs Report to the Trustees
Statement of Financial Activities
Balance Sheet
Notes to the Financial Statements
8-11

NANAKSAR SATSANG SABHA (LONDON)
YEAR ENDED 31 MARCH 2024
Bankers
BARCLAYS Bank PIC
Leicester LE87 2BB
Bank of Baroda
86 The Broadway, Southall, Middlesex,
UBI IQD
Metro Bank
One Southampton Row
London WCIB SHA
Solicitors
Shergill & Co
22 Bath Road, Hounslow, Middlesex,
TW3 3EB

NANAKSAR SATSANG SABHA (LONDON)
TRUSTEES ANNUAL REPORT
YEAR ENDED 31 MARCH 2024
The Trustees have pleasure in presenting their Report and the unaudited Financial
Statements of the charity for the year ended 31 March 2024.
REFERENCE AND ADMINISTRATIVE DEfAILS
Registered Charity name
Nanaksar Satsang Sabha {London)
Charity Registration number
1072303
THE TRUSTEES CONSTITUTION AND ADMINISTRATION
Nanaksar Satsang Sabha is a registered charity under Charity Registration No.1072303.
The Trustees and the Management Committee of the charity, during the year, were as
follows:
Narinder Singh Bhachu
(President)
Avtar Singh Mukar
(Vice President)
Satchand Singh Kalsi
(Secretary)
Sukhvinder Singh Bamrah
(Assistant Secretary)
Gurdev Singh Kalsi
(Treasurer)
Jaspreet Singh Matharu
(Assistant Treasurer)
Kulwant Singh Panesar
(Trustee)
Manmohan Singh Lotay
(Trustee)
Jaswant Singh Khull
(Trustee)
Surinder Singh Matharu
{Trustee)

NANAKSAR SATSANG SABHA (LONDON)
TRUSTEES ANNUAL REPORT
YEAR ENDED 31 MARCH 2024
STRucfuRE, GOVERNANCE AND MANAGEMENT
Governlng document
The charity 15 governed by its constitution adopted on 26th October 1998 and registered
with the Charity Commission.
Appointment of trustees
All the officers and trustees are in place in accordance with the constitutional requirements.
Trustee's indurtion and trainlng
All the new trustees are familiarised with the prattical work of the charity. New trustees are
encouraged to attain the necessary skills required to achieve the objectives of the charity.
New trustees are invited and encouraged to familiarise with the charity and the context
within which it operates.
Governance of Internal Control and Risk Management
The Management Committee is aware of the type of risks the charity faces, prioritising them
in the terms of potential impact and likelihood of these occurrences and identifying means
of mitigating the risks. As part of thi5 process, the managing committee conform to the
guidelines issued by the Charity Commission as appropriate to an organisation of the size
and nature of the charity.
ACHIEVEMENTS AND PERFORMANCE
The charit¢s main income source of voluntary donations is increasing over the years. There
is a corresponding increase in membership and donations.
Volunteers
The trustees record their appreciation to the volunteers, without whose help the results
would not have been achieved.

NANAKSAR SATSANG SABHA (LONDON)
TRUSTEES ANNUAL REPORT
YEAR ENDED 31 MARCH 2024
Financial Review
The Trustees are pleased to report that the net increase in the funds for the year was
£98,308 taking the accumulated funds to £3,250,299.
Re5erve5 Policy
It is the policy of the charity to maintain unrestricted funds, which are the free resenies of
the charity at a level which at least cover the management, administration and support
costs for the year. The charity has four fixed interest earning deposit accounts with Bank of
Baroda.
PLANS FOR FUTURE PERIODS
There are no immediate future plans except to increase the participation and donations to
maintain the religious activities for their benefit.
RESPONSIBILITIES OF THE TRUSTEES
The charitvs trustees are responsible for preparing the Trustees Annual Report and the
Financial Statements in accordance with applicable Saws and regulations.
The law applicable to charities in England and Wales requires the trustees to prepare
financial statements for each financial year. Under that law the trustees have elected to
prepare the financial statements in accordance with United Kingdom Generally Accepted
Accounting Practice (United Kingdom Accounting Standards and applicable law). The
trustees must not approve the financial statements unless they are satisfied that they give a
true and fair view of the state of affairs of the charity and the income and expenditure of
the charity for that period.
In preparing these statements the trustees are required to:
Selett suitable accounting policies and then apply them consistently;
Obsenie the methods and principles in the Charities SORP.
Make judgments and accounting estimates that are reasonable and prudent.

NANAKSAR SATSANG SABHA (LONDON)
TRUSTEES ANNUAL REPORT
YEAR ENDED 31 MARCH 2024
State whether applicable accounting standards have been followed, subject to any
material departures disclosed and explained in the financial statements.
Prepare the flnanclal statements on going concern basis unless tt is inappropriate to
presume that the charity will continue in operation.
Trustees are responslble for keeplng adequate accounting records that are sufficient to
show and explain the charitls transactions and disclose with reasonable accuracy at any
time the Flnancial p051tion of the charity and enable them to ensure that the financial
statements complywith the Charities Act 2011.They are also responsible for safeguardin8
the assets of the charity and hence fortaking reasonable steps for the prevention and
detection of fraud and other irregularities.
INDEPENDENT EXAMINER
Khushvinder Singh Saggu FCA FMAAT has been appointed as the Independent examiner for
the ensuing year.
Signed on behalf f the tr
tees:
Preside
Date: 30 November 2024

NANAKSAR SATSANG SABHA (LONDON)
INDEPENDENT EXAMINER'S REPORTTO THE TRUSTEES OF
NANAKSAR SATSANG SABHA (LONDON)
YEAR ENDED 31 MARCH 2024
I report on the accounts of the charity for the year ended 31 March 2024 set out on pages 6
to 11.
RESPEcfivE RESPONSIBILITIES OF TRUSTEES AND INDEPENDENT EXAMINER
The charit¢s trustees are responsible for the preparation of the accounts. The charitvs
trustees consider that an audit is not required for this year under section 144 of the
Charities Act 2011 (the Charities Act) and that an independent examination is needed.
It is my responsibilityto:
Examine the accounts under section 145 of the Charities Act;
To follow the procedures laid down in the General Directions given by the Charity
Commission {under section 145{5)(b) of the Charities Act); and
To state whether particular matters have come to my attention.
BASIS OF INDEPENDENT EXAMINER'S STATEMENT
My examination was carried out in accordance with the General Directions given by the
Charity Commission. An examination includes a review of the accounting records kept by
the charity and a comparison of the accounts presented with these records. It also includes
consideration of any unusual items or disclosures in the accounts and seeking explanations
from the trustees concerning any such matters. The procedures undertaken do not provide
all the evidence that would be required in an audit, and consequently no opinion is given as
to whether the accounts present a 'turn and fairf view and the report is limited to those
matters set out in the statement below.
INDEPENDENT EXAMINER'S STATEMENT
In connection with my examination, no matter has come to my attention..
l) which gives me reasonable cause to believe that in, any material respect, the
trustees have not met the requirements to ensure that:
proper accounting records are kept in accordance with section 130 of the
Charities Act; and
to prepare accounts which accord with the accounting records and comply
with the accounting requirements of the Charities Act have not been met; or
2) to which in my opinion. attention should be drawn in order to enable a proper
understanding of the accounts to be reached.
Khushvinder Singh Saggu FCA FMAAT
Independent Examiner
7 Sutton Hall Road, Heston, Middlesex, TW5 OPX
Date: 20 December 2024

NANAKSAR SATSANG SABHA (LONDON)
STATEMENT OF FINANCIAL ACTIVITIES
YEAR ENDED 31 MARCH 2024
Unrestricted
Funds
Total
Funds
2024
Total
Funds
2023
Note
INCOMING RESOURCES
Incoming resources from
Generating funds:
Membership
Voluntary donations
Investment income
Other
46,539
192,147
7,833
46,539
192,147
7,833
43,961
223,684
10,622
TOTAL INCOMING RESOURCES
246,519
246,519
278,267
RESOURCES EXPENDED
Costs of generating funds:
Establishment costs for
Charitable activities
Cost of generating
voluntary income
(126,958)
{126,958}
(104,981)
(21,253)
(21,253)
(20,292)
TOTAL RESOURCES EXPENDED
(148,211)
(148,211)
{125,273)
NET INCOMING RESOURCES
FOR THE YEAR
98,308
98,308
152,994
RECONCILIATION OF FUNDS
Total funds brought forward
3,151,991
3,151,991
2,998,997
TOTAL FUNDS CARRIED FORWARD
3,250,299
3,250,299
3,151,991
The Statement of Financial Activities includes all gains and losses in the year and therefore a
Statement of Total Recognised Gains and Losses has not been prepared.
All of the above amounts relate to continuing activities.

NANAKSAR SATSANG SABHA (LONDON)
BALANCE SHEET
YEAR ENDED 31 MARCH 2024
2024
2023
Note
FIXED ASSErs
Tangible assets
1,280,506
1,265,956
CURRENT ASSETS
Cash at bank
Debtors
1,902,793
67,000
1,819,035
67.000
CURRENT LIABILITIES
Creditors: Amounts due in less than
one year
NET ASSETS
3,250,299
3.151,991
FUNDS
Unrestricted income funds
io
3,250,299
3,151,991
TOTAL FUNDS
3,250.299
3,151,991
These financial statements were approved by the members of the committee on
30th November 2024 and signed on thelr behalf by:
President

NANAKSAR SATSANG SABHA (LONDON)
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2024
I. ACCOUNTING POLICIES
Basis of Accounting
The financial statements have been prepared under the historical cost convention
and in accordance with applicable United Kingdom accounting standards, the
Statement of Recommended Practice (SORP), "Accounting and Reporting by
Charities" published in March 2005 and the Charities Act 2011.
Incoming Resources
Membership fee is accounted for when due and received on an annual basis.
The value of any voluntary help received is not included in the accounts. Voluntary
donations are included in the incoming resources when they are received.
Resources Expended
Charitable expenses are accounted for on an accrual basis inclusive of VAT.
Expenditure which is directly attributable to specific activities has been included in
those cost categories.
Stocks
Stocks are valued at the lower of cost and net realisable values after making due
allowances for obsolete and slow-moving items.
Depreclatlon
Depreciation has been provided at the following rates in order to write off the assets
over their estimated useful lives:
Motor Vehicle
33% straight line method
No depreciation has been provided for the Land and Buildings as, in the opinion of
the trustees, it is maintained at a high standard with continuous repairs and
maintenance.

NANAKSAR SATSANG SABHA (LONDON)
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2024
2. INCOMING RESOURCES FROM ACTIVITIES FOR GENERATING FUNDS
Unrestricted
Funds
Total Funds
2024
Total Funds
2023
Collection Box (Golakh)
Donations/Path Bheta
158,035
34,112
158,035
34,112
177,354
46,330
192,147
192,147
223,684
3. ESTABLISHMENT COSTS FOR CHARITABLE AcfiviTIES
Unrestricted
Funds
Total Funds
2024
Total Funds
2023
Utilities
Building Insurance
Building Maintenance
Others
110,133
2,144
7,743
6,938
110,133
2,144
7,743
6,938
96,522
1,950
3,200
3,309
126,958
126,958
104,981
4. COST OF GENERATING VOLUNTARY INCOME
Unrestricted Total Funds
Funds
2024
Total Funds
2023
Pathi Aid-Prayers
Travel - Staff
Donations
12,332
3,921
5,000
12,332
3,921
5,000
14,062
1,230
5,000
21,253
21,253
20,292

NANAKSAR SATSANG SABHA (LONDON)
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2024
5. STAFF COSTS AND EMOLUMENTS
There were no paid employees during the year. No trustee related or connected by
business has received any remuneration from the charity during the year. The total
expenses relating to trustees amounted to Nil. (2023: Nil)
6. TAXATION
The charity is exempt from Income Tax.
7. FIXED ASSETS
Land and
Buildings
Motor
Vehicles
Total
Cost
At l April 2023
Improvements/Additions
Disposals
1,265,956
14,550
16,495
1,282,451
14,550
At 31 March 2024
1,280,506
16,495
1,297,001
Depreciation
At l April 2023
Charge for the year
Disposals
16,495
16,495
At 31 March 2024
16,495
16,495
Net Book Value
At 31 March 2024
1,280,506
1,280,506
At 31 March 2023
1,265,956
1,265,956
-10-

NANAKSAR SATSANG SABHA (LONDON)
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2024
8. DEBTORS
2024
2023
Other Receivables
67,000
67,000
67,000
67,000
9. CREDITORS
2024
2023
Other Creditors
10. MOVEMENT OF FUNDS
2024
2023
At l April 2023
Income Resources
Resources Expenditure
3,151,991
246,519
(148,211)
2,998,997
278,267
(125,273)
At 31 March 2024
3,250,299
3,151,991
-11-