NANAKSAR SATSANG SABHA (LONDON)
FINANCIAL STATEMENTS
31 MARCH 2025
Charity Number: 1072303

CONTENTS
Trustees Annual Report
Independent Examiner's Report to the Trustees
Statement of Financial Activities
Balance Sheet
Notes to the Financial Statements
Page(s)
1
5
6
7
8 - 11

NANAKSAR SATSANG SABHA (LONDON)
YEAR ENDED 31 MARCH 2025
Bankers
BARCLAYS Bank Plc
Leicester LE87 2BB
Metro Bank
One Southampton Row
London WC1B 5HA
Solicitors
Shergill & Co
22 Bath Road, Hounslow, Middlesex,
TW3 ЗЕВ

NANAKSAR SATSANG SABHA (LONDON)
TRUSTEES ANNUAL REPORT
YEAR ENDED 31 MARCH 2025
The Trustees have pleasure in presenting their Report and the unaudited Financial
Statements of the charity for the year ended 31 March 2025.
REFERENCE AND ADMINISTRATIVE DETAILS
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
(Chair)
Kulwant Singh Panesar
(Trustee)
Surinder Singh Matharu
(Trustee)
Sukhvinder Singh Bamrah
(Trustee)
Satchand Singh Kalsi
(Trustee)
Gurdev Singh Kalsi
(Trustee)
Jaspreet Singh Matharu
(Trustee)
Surinder Singh Bhachu
(Trustee)
Manmohan Singh Lotay
(Trustee)
Jaswant Singh Khull
(Trustee)
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NANAKSAR SATSANG SABHA (LONDON)
TRUSTEES ANNUAL REPORT
YEAR ENDED 31 MARCH 2025
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is 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 induction and training
All the new trustees are familiarised with the practical 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 this 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 charity'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.
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NANAKSAR SATSANG SABHA (LONDON)
TRUSTEES ANNUAL REPORT
YEAR ENDED 31 MARCH 2025
Financial Review
The Trustees are pleased to report that the net increase in the funds for the year was
£156,339 taking the accumulated funds to £3,406,638.
Reserves Policy
It is the policy of the charity to maintain unrestricted funds, which are the free reserves 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 plans except to increase the participation and donations to
maintain the religious activities for their benefit.
RESPONSIBILITIES OF THE TRUSTEES
The charity's trustees are responsible for preparing the Trustees Annual Report and the
Financial Statements in accordance with applicable laws 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:
Select suitable accounting policies and then apply them consistently.
Observe the methods and principles in the Charities SORP.
Make judgments and accounting estimates that are reasonable and prudent.
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NANAKSAR SATSANG SABHA (LONDON)
TRUSTEES ANNUAL REPORT
YEAR ENDED 31 MARCH 2025
State whether applicable accounting standards have been followed, subject to any
material departures disclosed and explained in the financial statements.
Prepare the financial statements on going concern basis unless it is inappropriate to
presume that the charity will continue in operation.
Trustees are responsible for keeping adequate accounting records that are sufficient to
show and explain the charity's transactions and disclose with reasonable accuracy at any
time the Financial position of the charity and enable them to ensure that the financial
statements comply with the Charities Act 2011.They are also responsible for safeguarding
the assets of the charity and hence for taking reasonable steps for the prevention and
detection of fraud and other irregularities.
INDEPENDENT EXAMINER
Khushvinder Singh Saggu ACA FMAAT has been appointed as the independent examiner for
the ensuing year.
Signed on behalf of the trustees:
President
Date: 30 November 2025
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NANAKSAR SATSANG SABHA (LONDON)
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
NANAKSAR SATSANG SABHA (LONDON)
YEAR ENDED 31 MARCH 2025
I report on the accounts of the charity for the year ended 31 March 2025 set out on pages 6
to 11.
RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND INDEPENDENT EXAMINER
The charity's trustees are responsible for the preparation of the accounts. The charity's
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 responsibility to:
• 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 fair' 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:
1) 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.
/hsh
Khushvinder Singh Saggu FCA FMAAT
Independent Examiner
7 Sutton Hall Road, Heston, Middlesex, TW5 OPX
Date: 20th December 2025
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NANAKSAR SATSANG SABHA (LONDON)
STATEMENT OF FINANCIAL ACTIVITIES
YEAR ENDED 31 MARCH 2025
Note
Unrestricted
Funds
INCOMING RESOURCES
Incoming resources from
Generating funds:
Membership
Voluntary donations
Investment income
Other
TOTAL INCOMING RESOURCES
RESOURCES EXPENDED
Costs of generating funds:
Establishment costs for
Charitable activities
Cost of generating
voluntary income
TOTAL RESOURCES EXPENDED
NET INCOMING RESOURCES
FOR THE YEAR
RECONCILIATION OF FUND
Total funds brought forward
2
3
4
TOTAL FUNDS CARRIED FORWARD
51,652
168,855
44,220
76,339
341,066
(169,134)
(15,593)
(184,727)
156,339
3,250,299
3,406,638
=========
Total
Funds
2025
51,652
168,855
44,220
76,339
341,066
(169,134)
(15,593)
(184,727)
156,339
3,250,299
3,406,638
=========
Total
Funds
2024
46,539
192,147
7,833
246,519
(126,958)
(21,253)
(148,211)
98,308
3,151,991
3,250,299
========
The Statement of Financial Activities includes all gains and losses in the year and therefore a
Statement of Total Recognised Gains and Losses have not been prepared.
All the above amounts relate to continuing activities.
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.....
NANAKSAR SATSANG SABHA (LONDON)
BALANCE SHEET
YEAR ENDED 31 MARCH 2025
Note
2025
€
2024
FIXED ASSETS
Tangible assets
CURRENT ASSETS
Cash at bank
Debtors
CURRENT LIABILITIES
Creditors: Amounts due in less than
one year
NET ASSETS
1,311,152
1,280,506
8
2,070,293
29,000
1,902,793
67,000
9
(3,807)
3,406,638
=========
(-
3,250,299
========-
FUNDS
Unrestricted income funds
TOTAL FUNDS
10
3,406,638
--------
3,406,638
=======
3,250,299
3,250,299
=========
These financial statements were approved by the members of the committee on
November 2025 and signed on their behalf by:
30th
President
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NANAKSAR SATSANG SABHA (LONDON)
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2025
1. 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
allowances for obsolete and slow-moving items.
Depreciation
Depreciation has been provided at the following rates 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.
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NANAKSAR SATSANG SABHA (LONDON)
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2025
2. INCOMING RESOURCES FROM ACTIVITIES FOR GENERATING FUNDS
Unrestricted
Funds
Total Funds
2025
Collection Box (Golakh)
Donations/Path Bheta
135,084
33,771
135,084
33,771
168,855
=======
168,855
=======
3. ESTABLISHMENT COSTS FOR CHARITABLE ACTIVITIES
Unrestricted
Funds
Total Funds
2025
Utilities
Building Insurance
Building Maintenance
Others
129,990
2,200
12,772
24,172
129,990
2,200
12,772
24,172
169,134
=======
169,134
=======
4. COST OF GENERATING VOLUNTARY INCOME
Pathi Aid-Prayers
Travel - Staff Costs
Donations
Unrestricted Total Funds
Funds
2025
f
12,856
2,737
-
----
15,593
======
12,856
2,737
-
----
----
15,593
======
Total Funds
2024
158,035
34,112
192,147
======-
Total Funds
2024
110,133
2,144
7,743
6,938
126,958
======
Total Funds
2024
12,332
3,921
5,000
--------
21,253
======
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NANAKSAR SATSANG SABHA (LONDON)
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2025
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. (2024: Nil)
6. TAXATION
The charity is exempt from Income Tax.
7. FIXED ASSETS
Land and
Buildings
Motor
Vehicles
Total
Cost
At 1 April 2024
Improvements/Additions
Disposals
At 31 March 2025
1,280,506
-
1,280,506
========
Depreciation
At 1 April 2024
Charge for the year
Disposals
At 31 March 2025
16,495
35,589
(16,495)
35,589
===
16,495
4,943
(16,495)
4,943
Net Book Value
At 31 March 2025
At 31 March 2024
=======
1,280,506
========
1,280,506
=========
-10-
30,646
1,297,001
35,589
(16,495)
1,316,095
=====
====
16,495
4,943
(16,495)
4,943
===
1,311,152
=========
1,280,506
=====

NANAKSAR SATSANG SABHA (LONDON)
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2025
8. DEBTORS
Other Receivables
2025
29,000
29,000
======
2024
67,000
67,000
======
9. CREDITORS
Other Creditors
2025
3,807
------
3,807
=====
2024
=====
10. MOVEMENT OF FUNDS
At 1 April 2024
Income Resources
Resources Expenditure
At 31 March 2025
2025
3,250,299
341,066
(184,727)
3,406,638
=========
2024
3,151,991
246,519
(148,211)
3,250,299
=========
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