REGISI-ERF:I) C.II,IRITY TrIBER: 1084702 REPOR"I" OTr I'IIE TRLS"IIES,IND OR TIIE I'E. -D 5 APRIL 2024 FOR SI1H TF.IIPLF. ((JIIJIIIXL Harendrd Ki.ihorlal Sllah (FCCIK} IScnicr.4udiior) For and bthdifi)f%iiah & C.0 (Accountants) Lid Chartcr¢d ,Iccouniants & Siamior¥' :liiditors Cash's Busine55 C-cntr¢ 151 Floor 728 Ividdijntston Road Coi'ei)tr¥ 4.'esl Nlidldnd Cl'l 4P13
"I'IIADIPIG .AS GI'RI)11'.4R.A S.AIIIB I.F..IIIINCTOh .4TrD II'.IRII IC.-I SIKH TF.11P1.F-. C:()IIISl)F-l) ('()N-I'EN-15 Ob IHE FII_.INC141. ST,4TF.IIF.NI -IS FOR THE I'F..4R F..NDLD .4PKII. ?024 Pgge Reference and .Admini5trxtii"e Details Report of the"I"ru5tees Report olthe Independent ,luditors Statement olTr"inancial .Acti*ities 10 Balance (>heet C'ash F'lo, Staiement N(Ite% to the Lash Tr-10 Statemciit oteS to thc Financial Statements Detailed Statemcnt ol Tr"inancig1 Aclii'iti 24 to 25
TR IDING ..IS GI KDII S.4HIB I.F..KIIINCTON ..IND II".4RII'ICK SIIKH-I-F-NIPLE C.'OIIBINED "rii,'E DET..IILS F. "F...R F.NDTr.D 5 . CH.41RLII.4N .AND GF.NEILIL SF:C"RF.T.4RI.' B S Sandhar 'RIIS-I-EES B S Sandhar S Sinoh S N,lathan] G K Purcival G Randham'a I'RF.ASI.KP.K .. Sin£h PRIPCIPAL ADDRF.5S TIL chbr(x)k Park l)rii'e -'aThi"ick RF.GIS'I'fr:kTr'D C.IIARI'I'I NI'1113ER 1084702 s"r,K"rLI"I"OKI' AiIDITORS Shdh & Co (Accouniantsl Ltd c.hartered Cenified .4cLountanL & Statuior¥, .4uditors C.&%li's Busilless Centre I si FI{r. ??8 11-' iddrinLTtc)n Road Coi"¢iitTr" CST Xlidlands CII14PFI B,ANl%F.RS LloNds Bank PLC 7=. The Pdrdd l.camincFIDii Spa Cl'_fj? 4BII 'ork-hir¢ Ba]ik Pl.C 47-49 Iva1]ck Sireei l.Vdmin(Tts)n Spa Cvi? SJR
$1]ill TEIIPI.b'. C.'()IIIIIN F:1) REPOR-r OF TIIF.-fRI S'I'F.Tr.4i I)R I-HE. I ...IR ENDED .IPRII. 2024 ThL trust¢es prescni their repofl i¥ith the financia] statctnints ofthc chiinl¥. fur the J'ear ended 5 .,Ipril "O?4. '1"he IrustLcs hclNe c2doptcd thc pri)i'i%ii)ns ot Accounting nd Rcpor(ing b!. C.l)arities". Statemcni of Rccommctkded I'ractice appli¥ablc to charitiLS PT¢parints their accounts in accordance lIh the. FinlLia1 Rcporting Stdndard <ippIiLdbltt in ilie UK and RepubliL ()l-It¢l&tiid IF-K% 111:) let-ftctiie l Jdnudfl. ?019). OB.IF.CTII-ES ..IND ACTIN'II'ITr. Objectii"es Aims 'Ilic objcctii'cs a5 detsiled in ihc ooveniing documcnt is ¢() pri)m()tL ihL Sikli relioioii aiid culiurc 1th thL guidance of Shri Ciuru Granth Sahib Ji, the 5upretne authorit). and respcct to the Akal 'fdk.h&ii bl all and'or an%. of the following L.lS.. {al By providing and mainiaiiiiiio a Gurdii'ara Sknib (Sikh "leniplel in or near thc tom'n uf i.tdtningiOlI Spa it) tlie Il'drk%'iLk l)istriLt lor tlie worsliip ol- tliL" Sikh reliLTi()n b) the Sikh Coii)muiiity' ot the Il'ani.ick dnd Stratford Lpon-Avon (h) Bs. teachin(r aiid Ldiic?c iing mcmbcrs of th¢ Sikh ( ommunini in tlic docirincs and pr41CtiL¢5 ()f th¥ Sikh Religion and. tli¢ %ikli (.'hildrLn PunjiibbCJum)ukhi and b!" proiiioiin? Sikh Culiurc- ILI preaLhin(T and proinotino ihe Sikh Rclinion and Culiure and b) cclLbrating the historical ei'enls coni)ect¢d with th¢ SIKI) R¢li. Id) I) pro iding for thc bin¢fit of the Sikh CommunitK". and thc inhabitanti of the IlaNicL and Stratford-Iiwn-.li'oll l)istricts, fiicilities tor rLcf¢Llti()n ()l- uiher IL'isufL IiTtie occupalion, in th¢ ini¢F¢.%l% ol- SOLial i¥'Llf(Ire and K'ith tlic objcct Df IhL' [1dl{lO11S ofiifc.. Icl Bv proinoiing othcr charitdble purposes by makiiig appropriaie donations and contribuiioni. Pul)IiL lienefit "l-he IruslLLs Lontinn ihe!. ha.¢ COTnplied "1th the dutv in ihe c.h}rIlleS ilit 2011 to hai'e due regard io thL general gu1daiicc b}. tlie (-liaritN. Comniissiun un public bcncfit_ l-hc charil!." Is cticourd<FLd thdi the Chariry CominissioTt acknowledges ihe intangihlc spiritual bcncfits thai the charity Seeks io provide. l.Lamingioi) and Il'am.iek sikh Tctnple prDmDie iht Sikh religion and culture b!, providin(y a Ciurdiidra £dhib nL&ir the ioivn of LcaininfTton Spd in Ihe Il'ar41'1ck l)isrrict for ilic i10h1p of th¢ Sikh RLIiLTj(In b). Ihe Sikh Communiti.. Thc Tcmplc 15 to prOld¢ fi)r ihe benefLt of ihL Sikh L-ommuniTh' and of th¢ inhabildni% lif ihe 11.'arwiik DistriLt faiilities for recreatloll <111d Laiiference alI1.it1s. 'l-hg Temple alio proi--idcs ta¥ilitics for improi ihL cundilion of liilles of peoplc n()t fortLiiiatc as thcinscIcs bl. pri)i"idiriiT Ll pl&lLe i%here meals can tak'cn. l-hc cli£iriiv suppartfi ihc tLaLhiny dnd LduLdiinn ()f ihe Sikl) Tcinplc in the doctiinc5 and practice> of ihe Sikh reljoion atid furthcr to tcacli thu Sikh children PunjAhi and io proinotc Ihc Sikh C"uliure io all qo ihai rhej. Cl£11 QO Dn and becoinc i'dlu¢d m¢mbcr4 c)i- IhL %ikh C()nirnuniiy. "tslutiteer ThL' Ch(irii)' benefits from signilhcant lime dondled b) i"olunieers aiid is indcbi¢d to thosc i'olunt¢ers for their L()nitnitment and .support in tlil proi'i.%ion of scn'iCL" and running of ihc Gurdiiara throughout thc l'ear. It is diificult to quantify thL lime doiiated bw i'olunteers 2nd ihereforL Ihc eLunoniic Y'lc lue to ihis coiitrihutian i¥,hiLII 1% Vdludblg iIi tlie Fuiining of ihc Charit¥". Thi holdiiig tn]stces and manaoement committcc cnsurc that i."oluntccrs tirne is used efflclinily and cffcLtiiyel J. in thc smooih Nnnin2 of the Charih..
I RADING .15 GI-RDII..KR..K.S.4IIIB LE.IIIINGTC)N .4ND II'4RII'ICK IlkH I-F.IIPI.E OIIBINTr:I) RLPQILr "ELS .4R Tr".J DI".I).S .4EKIL211U IIC'IIILIFENJF.iNI".4fsD PF.RF'ORM..lcF. C-.hdritAble aLliltJ&S The Charits, mLCts its objLLlivcs in the folloiwno wa)"%'. Id) I'romote a pldcL of worship.. .1 n piiTrN'idL il place of H'orship ol- sik.h ReligFion lu ihe local Sikh Coillmullit!. and n(Trn Siklis alike: I kil Prujnote teaching aiid cduvation.. TD promotc and cducatc ihi Sikh Relioion and Culmre throiiuh clas5C5 as i%¢ll ds i¢dLh ihL laiigu4es adoptcd b! the Sik-h R¢liLTj()Tt- (fj) Promu(t the celebrcltion ol- %ik-li IcstlVdl--- To cclcbTati public religious fcsiivals: Idl ProiJiotc a placL' uf reLreation and leisurc time- To providL regular meetillg place lor ihc IDcal Sikh Communin. and non sik.hs alike- (cl Promotc oihcr chl14lbIt ()rgFdni.lii)T1s.. To niakc appropriate charilablL grants and donatlODS in rthCracc of thLif Lharsthble objeIl.Cs- ThL IiuldiDg) tru%tei.S rc plcased io report that th¢ Ch1) has coniinucd to IncLi lis charitablc objecTives for the J.'ear and Ilie <lLtii'iii¢s ¢antinuc io proi ide a public bcncfii to thoie i¥ho u%¢ the (iurdM"drd 1101 (IiilN" &5 a placc of 0[511]P but al0 a plai¢ lo ttdLh LduLilt¢ Sikh KLlinion and C"ulture. celcbralc Sikh festivals and use (hc GUrdara a pl3£c of recrcation<il leisure lime. 'I'Eie holdiniy trustcc% ripon on ihe financial rc5ulis and wsiiion of thc Charit! ds sei oul in the annL.xLd linanciL21 st£?tements. .1 oial iiicoii)iIig rLsources (or t]Ic I'car in[Ca5¢d from the prei-ious !""car mainl!, duc to ir)crcased donations froTn the local commiinitv. -fhL haritY continucs to mainthin its Co151Ment io fosierints a sense of bLlon?ing io (he coillmunity, whiLh itUl1¢d 111 sir¥iifiihcr)ing relationship and motii."atincw thLm lo Lunitibute Inore. No rcnt received from in&eitinLnts during thL )'car. Incrcasc in ti)tal expenditure for thc vcar li'&8 primaril!. due io (Feneral operaiional e_xpenses necessary to maintain The lemple % ddJ-Ii)-dai. furiLliiJn.%: includiiiÈ utililjes. repairs. and n?aiiitcnaiic¢. Tl)¢ higli¢r costs 50la1¢d M'ith rcpair5 dnd mainten<lllLt: PdrtiLularl%' rcnoi'ations. r¢fl¢¢t thc iicid io pr¢sc, ihc iimplc's infrastcture. CTrhLe ils S£ifei)', [nainl11[] d ¥LiV(l Lvrkditi()n li)r all I'he hTrlding ru%t¢¢s consid¢i thal the uiiresiiicted funds of the QliariTr: i¥liicli illLludes designafrd fuiids. Iiai'c suffici¢iit rLsourccs and a%%ers dvailable Iljai are adknqiiaie io fulfil their oblioaiions. Investment polic!. aiid objectives h.ld in (tLLurdariL¢ i¥iih ilie Iioldiiig irusicei poiicrs. l-lie holdiiig trust¢¢s liaiwe Ilie dilthi)ritv l() inve%1 iji £LLch asgils and ini'cstmc1115 as ihci SLC lil. Thv. Ch&?riti' cutrL'ntli' holds Ldsh inke%lmen15 raiher ihan shdlL4 1)r %iiurilie% 111 i)rder ti) pr()K'ide tlexibiliry- in Inciiilift operaiioiial rcquiremciirs. ReserNes policv ThL' Irusl¢es inlend to maintain a buffcr of unrc5tricled fvnd5 at a Ici."cl of around six monihi norn)al expenditurc. ..1 p(?licN. has been esiablish¥d MherLb!' thc fr¢¢hold land and buildings and ini".estment propertie5 are represented b!. a dLSIITll<LILd fiind within iinresirictcd tiindb. Thc rcmaining unrL'StrictLd funds dl.aildble foT (he da), to da!. usc loardS ITieeiinÉY the objLLtiVLS of tlic C,harii!'. F'II'I L'KE PLAJI 'S 'I'hc C hdrii), Iwill LanLinue io meei its charilciblL objcctiN'Ls lor IhL" l()r¢%eeahle future.
IlkH '[ Tr.IIPLE C"C)IIIIINF.D) RLPOR'I OF TTIF. I'KI s fF.ES F()R TIIF- )'F.,IR ENDED S IPRII. 21124 -I-111."C.-"I'LIR Tr", GOI.-EILN..INC".E D I%l..lS..AGEIIENT GoNeriiing (li)cument .1 hE ch2ritN' is coi)trollcd by its N¢t[)Ing dncumcnl a deed ol"irust 3nd Luns1iliil¢s an uniiicorporatcd charitv. Thi charity. is unincorporated associalion aficr th¢ ad(Trpli()¥J (Trf il Conslilulioli datcd ?6 N()I'cnibcr 2000. Thc oi'criiing docunient hai been subsequentl!". amended in Januan OO l. F¥bruar).' ?005, Octobcr 20 I l. Oc(obcr 9015 and Tllore recentl) in Nlav ?0? l as approvld b!. Ihc Charit!. C".omtnission. Orgaiiisational .%tructurt -riiifL drL' ¢urrinili' tive holdints IriJbt¥L5 ivhiLlI ivill reinqiin tn ntfiiL unlil tlie nLAI petiud uf ¢lecLioii. Holdiiig ttv8te¢s arc clcctcd at an .4niiual CJcTILrdl .kleeting onc¥ Cl'ct). tile i'ear5_ 1.he holdinb. truslLLS Serve a ierni in officc for a pcriod ol- fivc i.'kai's I'roin ihe d£ltL of bL'initr eleknied. Thc Ilancieci)Icnl C'ommiLlCC ()r.¥dlli%L dnd oi'ersee thL clcLtioii ol tlic liuldinv trusiLXS but 1111 Ilaiia<FciiiLI)t Coininiiiee meniber is PLiinittLd to stand lor clcctioll <iS a holdinii trustcc. ,It ihc first meetinn thc holding trusiccs arc rcspnnsible for the assets and ini'csimenis ol Ihe Charity on trusE l(!r IhL RL¥i%l¢r¢d IqLinbLr% i)1 Éhe C'liarity.. 'I'he lioldiii? iru.siee_% meet dt It1 onLC il) Lach Lalendar )'ear. IlIErc n() per8()n%. exiemal io ihe Charit).. M'ho ari pennittcd io appoint holdillg Iru5t¢es. lenibirs vf thL Xqaiiageiiient C.otiitnittcL arc clccted ai a SpeLial Gencidl XILLling. held on a Sundav within ttwcnti, cl[ dajs of l.-'aisakhi iii Ll'cr), sccond Ncar. IqLtnbers of the CommittLe sen".c a tcmi in olliie for PLrii)d ()f ti%'.n l'ears froin lh¢ dale lil. bLin¥ clLciLd. The board ot holdiii£ irustee5 ofLiaiiise and over%¥¢ ihe eleLlion of Ilie li qana¥.cincni C'.ommiiie¢ but no lioldingj trustee is p-miiied to stand for eleciion as a nicmbcr of the 11¢ae¥n¢nI Committee. The IqanaEcmcnt Coinmittcc is r¢ipon%ihle lor thL. day to dil!. runnino ofihe CharsEV in turtlicranc¢ th¢ objcctivkns Sct vui below. I'hc Mandglmenl Committee mects ai least once a tnonth io consider th¢ prciper Ma¥L[ent of ihe Charity and its Botli the holding tru%tee.% dnd mana(Temcni coinmiiiee are inductcd Ih¢ir firsl Meetin and are encouraged io attend ppropri<llL exiemc21 traininD cNLnts ishere ihe%t 11[ IdLilildle IliL" undertdk"in¥ uf their role aiid rcspoiisibilitics. IVidLf IlLtwork Tlic bodrd ol- hDldin(F irustees cnsurc ihc Chariti. 15 IOTk"inu iiihin bc%l Pl11L¢ of ihe charity's rcoulators, Ihc Charily CominissioT]. Goiernance an(1 internal control I"hL hi)Iding trusiees l)aN"c iiiiplcintiiled a lonnal risk manaLF¥Fllitit process lo assess ri<k and iniplemcnt risk manaLTcininl stratiiTILS. 'I"his ini.i)INe8 idcntifv.ino rlic tspLi ol" risks ihc Q-harit! f-aces. priotitliing them in remis ot potential inipacl dlld lik¢lih()()d ul- L)LLurr¢iiLe. aiid idLI)iifj'inii i]Icaiis of mitigatlllL t]ie risks. As Pdrt Df ihis process, tlii holding trustee5 h&li e rLI'icwcd the Gid¢qu&v of thc Charih s ceIl intLrnal iontro15_ The L105e ini'oli'emini of tht hnldino mi%tcc8 aiid menibers IhL manabyLillLIIt con)tniticc and other offiLidis in the da). to dav running of ihc Charity is also believed 10 cnhance the intern(Il Lonirols 11nd mitigaie risks. F,VF.NT.% siriCL"fiiF. F.ND Ob I'HE I'E.&R Intonnatioii r¢latini li) ti'ent% %inLL the erid of the N'ear is gii'cn in thc notes to thc financi %tdlemL'nts. .s'r,i"rF.),I F.N-I' OF -I'RI.S-I LE%, RE%POP51BII.I I-IES The triistees arc rcspcinsibl.. fi)r prepdiing ihL RLtK)A of the Trusiees and thc tii)ancial stalements in aCLord2nLe wilh .di!ni ALL()uniine %tandards ILlniicd kinodoiii Gcn¥rall!' LliiCPt¢d .4¢c()ui)tiiig I'ractlCL) applicablL Idll nd l. iiitLd Kin" including l-.inancial Ileportin(T Standard 102 "The Financial RcportinL Standard applicable in Ihe LK and Republic of
GURDWAR4 LELlfIJGTOIN .ThD II'ARMICK TIL4DtP4G.4S CiJRDIV.ULI S.4HIB LELNlI,GTOI AN]) W RIIq ,SIKH TETrIPLE COIIBLNF.D REPORT OF THE TRI", EE UR THE YEAR ENDED 4 APRIL 2024 STATEMF.Kr OF TRUSTEES. RESPOISIBILrtlLS- contimoed The law applieible to chLties EDgland ond the cbtICS Act 2011. Chan'ty (A(ts)unts and Rwrts) Regulatioits ?.fflS aiid the provisions of thc trust deed requeS the ttUs1ees w prepare nnancial for fujancial yeaE wbicb ¥IVL d Lrue tnd fair vsew of the sts:e of aft1u th¢ cl1aril} and of the incDmtng re1 and applicaticm of resources, llclud.'rtg tbc ith¢om¢ ad cxpiuthrllre. of th¢ ¢harit5' for tbat peno(L Ill pieparing fhv%¢ fiiianLJ21 statcnicnts, Ihe ItG5 are quircd to select siiitshle dicounriDg po'.ibie$ 20d then aw)ly them cotisisrcDtIy. obqerve th- mcthodi alld p[IlplEs tht Chanty SOR. m8kc Jud8erncLits and esrimates that are wsonable and Fnen sta'.e whLthLr 3pplicable a¢countin8 St3ndard>- hai'e follnrt %Lbject to any Thatcriaj deparbjtts disclosed and explaictd the Iiwicial staTements- preparc tht IinancAI skntcrlleots OD the concern tdsis uDlw it is llj4)pt0priat to prcsume thLr Ibe chatj'ty will conhnue in business. Th- ttuste¢8 are responsible for kying propEr acc(Ktnlik)g records which d]XI with re&wnablc accuracy at any tiuJ¢ the fman¢ial posiiion of JL¢ ehLiry and io eble tv tllsurc tbat the fitthttcial s(Btefftents wwlv with th¢ Charitieb Act the Chariti. (Accounts #*d R£y)rts1 Re1{)[&S ?IX)8 aT the proyisions of the trust (ked. l]]ey are als0 responsil)le for Safegllardg ihe. assets nf the iharity and hEr.¢¢ for tsking te&wnabl¢ sicp5 for ¢he prevenliijtt and detection of fraud and otber irrcgulatitics. ApproTJbd by th. IK>ard tkf tnL8tLtson.... . atjd signed on its behalf b)-. dhar- Te-
REPORT OF TIIF. INDTr"PF.NDENT.I[IDI"foRSTO TIIF. "I"RI %-1 EE5 0Tr' Opinion Il'e have audited Ihc fin3nLi<il staiemcnts of Gurdivara IALaniinTrion and M.'arNvick (thc 'chdrit} I for the veLlr cndcd 5 April 20?4 ,hICh comprise ihe Srcli¢ment ol. financial .4LLII'ILies: Ilic 13alai)Ci ShccL lh¢ Cds11 Flom, Statcriiint and nuies lo the IinaJi¥ial statcmenls, includinLTr a summaTr of SiLFnificanr accountino polacics. 'l-he financial reporting fra]newurk ihat has b¢cn applied in iheir prep<?ration is applicable 14111, dnd Ilniled KiiiLdom AcLountiiig sland1s I lJnilLd kiiiodiim Gciierall J. ALCePILd ..ILcouniing Pracricc). includinu FindnLial Reportino Standard l 0 "Ilit Financial IlepL)rting Standard applicablc in ihc UK and Republic of Ireland'_ In oiir opinion thc financial 5tatemeDts: iYitrL <1 IruL £tiid lair vic%i' of tlie .%tate of thc charrl! S (ItTairs as at £ ilpril ?024 and of its inGoming rcsources and application ()f rL_IOllfes. for thc Car Thcn cndcd. liave bL'L'ii pr()pLily prepdred iri Giicordaii¥C I111 Llnitcd Kaii?doni Genei4illN' Acccptcd Klccouniiiig Prdctice. inLluding FitianLial Ilcporting Siarbdard 10? 'Th¢ Financial Rcp)rtin4 SILinil<ird 1ppIiLablc in the l.'K and Rcpublic of IreldnJ': and haw'e been prcparcd in accordanc¥ wilh the requiremenis of thc CharitlC5 Ail ?01 l. Bqsi.% for opinio Il'c condutyted aiir audii in <lccord42nce iiith Intern<itic)nal standd% Audiiine {l.'KI IISAS (L&l) and applicablt I<1,. Our re%pon5ibilitiLs uiider thosL siandards are further dtSLribLd in ihe .4udIto, rcsponsibililic% for the dudit of the finanLidl statLmenis setIOn of.our rcwrt. Il'c arL indLpLnden( ofilie chariry In acciird<oncc M'illi tlic cthie21 requii'enients Iliat dre Telei'aiit 10 our audit of thc finl(la] statcm¢nts in the Uk. incliidinL thc l."KC's r.thical Sta]idard. and Hie haNc ruifilled oiir othLr Lrhical rcspKTrll5ibilitics in aici)rd<inLe with thesL Iwiiir¥inenl%. 11 c bLliti'¢ Il)at tlie dudit Ll'idence Ive lidve obtainLd is 5uflici¥ni and appropriatc lo provide a bL5is for our opinion. C.onclu%ii)ns relating to ooing concern In <iudiLlt]g) IhL fin<lncial .%taiLmenis. ii'c havc concluded thtLt the I51.e5, use of the goine Colicim basis i)f acc()unling in th¢ prepardtii)n 171- thL Iin<illLldl 51dleie1t1s is appropriatc. Bascd on thr w()Ik wtt hdlL PL'rlurtTied: M"e ha%'e not idcniificd all malcrial unc¢rtainlies IL.littiiTrn lo eiients or conditions that. indiN'idua1l ()[ collcLtii.¥l)', ml£ V L&1 sioiiificani doubt on the chariil s abilit!, to u)nlinutt as a going concern for a period ol'ai luLsi tM.Lli'¢ munihs Iroiii i'liLII th¢ fiIiatlLial qiatilllLnis are auihoriscd for issuc. ()ur rcspiinNihilities and Ihe TL.%tx)n%ibilslies uf Ilie Irusiees iiiili respcit 10 goiiio coiiceni arc d¢scribcd iii thc r¢]evil s¢ciions of this rL'P(?rt. niher information Thc rru51ces ie resP()n%ihle for th¢ nih¢r inforniaiinn_ ThL l)thLr inloniia(ioii comprises ihe infortnaiion iIicludLd in the Annudl Report, other th<lti ihe financial statenicnts and our R¢port of the Indepei)dent..luditors iheicon. Our opinioii on th¢ finLTrncial stai¥ments does noi coi."cr ihc other infomiation and. ¥XCCPt to the e.Ktent oiherniiise cxplicitly stLlted in our report, M'e do nor iypress an!, fonn ol"assurance conclufiion therL'On_ In connLCtion 1th our audil of Ihc fitldllcldl sl21emenls. our responsibilirn. is to rc:Id thc oihcr inf()rnialinn alld, in di)inL so, coiibidLr ii"IILilicr thc ather iiitorniaiion li maieriallN' InonSIS1¢nt ii'iili the finaiicial statcmcnts or our knoivledge bi£iiIi¢il in ihe audir or othiNisc appwars io ht materid]l!' El]I%%UILd. It. idenlili. SULh tnaiLtial iiiconsistLnciei or dPPiir¢nl Enaterial misstaiciii¢nts. .¢ ar¢ r¢quired to dctcrmine "be[her ihis gaeS rise to a matLrial mi%statcm¢nt in ihc fincinLial statcmvllL5 Ihem%elwe%. 11-, bed thL' IILiik IM1¢ p¥rfoniied. Me concludc tliat thct¢ IE a inaleiial iEEL'ilemenl ol thi5 0thLI inloTmaiion. w'e are reqltircd To ripon rfiat fact. 11.'c haN't nr)ihing tu report in ihis regard. I'latters on which M'L. aril required to report bi" eiception l.'e hail nothin? Ic) rLP()rt in rtspeLt ol- IhL. folluiKincN Inaiieis where the Ch1( ritie5 (..IccounLf dnd Rep() Rtguldli()n ?Illl% re411ires us to rLPOn to N'ou if. in oui. opinion-. the iIifomalion gii.'cn in ihe Kepon of ihc TrustCC5 is In0$lent in an!. maierial respect with the financial 5iiftJciLnt dLCOUtiting records hal'c noi bccn kcpt. or Ihe findnLldl %ldtLrnerils £ire not in agreemcnt 14 Ith the accouiitiiio records and reiums: or '¢ li&i'¢ not reccied all IhL' inl()rtll<ioti <Lnd e.Kplan1c lions i%.L fL'411ire foi (iur audil.
Rb-Pl)R'l- OTr-'I-HTr". INI)Tr'.PF-.NDF.ST.41-DIT()RS I"0 T14Tr. 7"III S"I'EES OF (:[ RI)11.4K.4 LE.IIIINGTON .4ND 11.IRII IC Ilesponsibilities of truslee5 ,Xs expliined moiL fiilli in tlie StatcmLnt orTrslee5 RLspDn%ibililJes. tlie trustccs arc rtspoiisiblc for the preparation of tlie finaiicial statciiients M.hi¢h ljie a in]e and fair i'icii,. and i-or Suknh intenial conirol as thc Inislccs dCtcnllnc i necL.%5AI}' to cnable iliL' pripari2Lion of fin(IllLlcil Stemnts that dfL frLY froiii matcridl niissia(em¢nt. 17117¥r du¢ to fraud or crroi.. Tr) prcpariii(i Ilit fiiidnci<lI 5tll¢Tnents. thL trustees are responsibli ti)r dSS¢ssin? Ihc charit)"'s abilil!, to ctsniinutt ils a ooing conccrn, dibLlo%inu q appliLablL, iiiaiier% rLlalcd iu iJ()inth c()IlLem aiid usiiig ihe ooiiig conc¢m basi% of accounting unlcss the trustees eiiher intend io liquidatc ihc charii!, or io CLase operntions. or haie no realistic alternatiwe but to do
RF:PORT OF THF INDF.PF.NDF".N'I".41'DI'I OKS I'O THF. TRI'S'fF:F:S () Our rcsponsibilities for the audit of ihe financial staternent_ ¥ L li<iNe been <?PWITiicd audituts linder Secrion 144 c)1" thL C.hdriliL% .4ct 2UI l and repori iii accoi"danLc lIh rhe Act dnd Felevant rLgulations madc ui liavino effeci thcrcundcr. Ilur i)l)jL'LIii'LS to obtain Oll<ihle (iN.%ufdncc aknut ii'heilier ihc IinanLial %12iemints as a wholc arc free frnm tndterial misstlc temcnt, .helhl'r due to Irdud or error. and 10 ISSUL a Rcpon of ihe IndiPCI)dent .4udiiors that includc5 our opinioii. R¢dsonable assuraiicL is a liioh Icvcl of assUrL<. but 1% noi a guarantCL thai an audit LonduLted in itLLLirdarice 'ith l%él% (l Kl w ill al%%avs dLtLCI li Iiiat¢lidl niissidtLlllinl i%li¢n ii exists. Xlissratcinenis can ari5L from Irdud or error atid arc considerLd tnatLri<il if. indi%'iduall!'" or in thc ao?rcgilc. thcK could iedsonabli. bc cmpcctcd to inlluLncc th economic dccisions ol-USCFS IdkLll L)ll the b&lSiS of these linanLldl stdlL'incnls. -I"hc exiLni to i¥hich our proccdur¢s are capable of deiLLtino jrrLoularilics. includinu trnud is deiailed beloiv- '"e obt<lincd an undcrstandin? ol- the charil!. dnd ideniified Ihat ihc principal risks of non-LUtnplicWlie iviih laws and ieoiilatioris rclc1tc tii the (".harit)' ( (TrtllTni%%i()n ietsulations. and Mc ionsidcrcd ihc cirtcnt to ii.hich non-compli<incc might IiaN'L cl Inatcrial cffcct ()n the financi21 staicmLnts. 11.'c also considcrcd Ihose lai%'s and reoL)lations thlc I h<?vc a direil in1pat oil thc liii¢lTicial 5tdlttnènL% uf ihL Lhdril), i)r ihe operalions ol tlTr¢ cliarit!.. and dLtLTniined ihat tlie Inosl Slg)nificanl ,Ire tliosc that relate to ihè C.harilics ALI ?0 I l. Charity" l..Iccounts and Rcports) RL" l(tlions and Ch41ritlCN SQRP (FR% As Pclrt of<ln audit in £1ccordLince ii.ith IS.4511,'KI. LXLTLi.%L pfL)fessiorial jud£Lmciit aiid n)aiiiiain profL5510fidl sceptiCiSEn thruuuhoul thL dudil. Il'e al.w.. Identify. and the risks of material misstatctncnts of ihe Finantal sthiemenis. i¥hether due 10 fraud or etTor. dcsign and pLrfonii audil pri)cedures restx)nsiiJ L io ihose risks. and obtain audit ci'idciicc thal 15 s7L7tn1 dnd dppr()priaie to proi'ide a basis toi our opiniun. Obtiiin an iindei4tdnding af intLrtldl Luiilrol relevan( io Ihe audil in ordcr to desigi) audit prL)ctdurLS Ihdt dFe appropriate in th¢ circumLanc£, bul nui foi Ihe purpose {)[ tiprcssing an opinion on ihc crriCtikcnc%i ol-the intemal coiilrol. F.valuaie ihL appiopriaieness of accounting w)Iicic5 Used and ihc rLd%(!ndblL'nL%% ()[ 4iLLOUlltino estiiiiatcs aiid relaled disLIu5UIts iIiaile by ilic trustifs. Q.onclude on th£ appropaleT]esS of the trustees, usc of going concern bL415 of aLL4)iinliniF dnd, based on thc audit ei'idLnLL obtained, 'he[her a maicrial unccrtailllv c%i.%1S rela(L.d E() Ll'Lnls or conditions that mL2) cast sig)nilicani douht lin the ihdritW'% dbililN' IL) ionlinue (ioiiig conccni If li'e coiicludc il)at a Enateria] uiicertaintw exitsts, arc rcqiiired to Jraw attLlltion in our <iuditor's report io ihe relaiLd disLIoiures in ihc financial tatemenis or. if such disclosiires (ire illd(ILquJtL. t() illi)difi. our opiriioii. Our conclusions arc ba5cd oll ihe audit ¢vid¢nc¢ obtained up to tlie dale of out auditor's rcport. Flomever, future ei'ents or conditioni causc thc charii!." io ccasc io continuc as a going ¢oncem. Ll'dluatg the iTrverall pre%¢ntation: structure and cotllent ofthe financilil slaleTnLnts. includinti ihe disclosures. and vhether ilic tinanci<il %tc2temenls rcpresi'ni thc ndLrI7llL tranLliOn. and eients in a manner that acliiLvcs fair prcscntation. C Lominuiiiialu li iih tlii)sc chariT 'iih 0¢Tance reTric rdin(T Iniiiiu other iiiallers. tlie planiicd %Lopc diid timin¥ of thc audit and 4igiiiificani audit fiiidinJiF . iniludino anw signifiiaiit dcliciElliies in iniemal Lolltrol ihai l¥i' idL'ntifJ' during 'I'herL are iiiliLfLnt liinithiions ill the audit pr(Kcdures described al)oi'e. Il"e are less likelN' to become aN.are of i1i5taiiccs (If nan-cL)niplidllLL Idl*S ]d regulaiions thai arc iiot closcl! related to ¢i'¢iits and transactions reflecled in Ihc tinancial 5tatcmcnts. sl1s0. the ri_ik of not deieciing a marcrial misstalcmcnE duc to fraud is higher Ih2n the risk ot. nor deiectinLT iiiic rL51Jlting IT()7 ert()r. frdud mdl, inoIe deliberdie concealiiien( b. for cxamplc. forL1¢' or inl¢nlional nTri%iepreseniaiions. or thriiu?h collusion. .4 fiirther dc)criptioti of our respthn%ibilitit% for the audit ofihe financial sraicmints is locaicd on ihe Financial RLparting C'ounLiI's ii'Lb5itl ilt %¥iwM'_Irc_Lirg.uki3udil()rsiesP()n%ibililies. -l-his desLripiioii foniis part of our Rcport of tl)e Indepeiidtnt Aiidiiors.
RF.POR-I- OF THE INDEPF.IlnF-.l-I- .tI 111-1 ()K%'l'()-I'I IF- I'RIIS'I'EES ()F lise (bf nur i'eport I"his fLpon is niil(1¢ 51)lil J tii the charit)-'8 Iru.siecs. d bod}. in acLI)rdancL "1111 I'art 4 of the Charities {ALOunts and R¢ptirt%l KtLsiilations ?U08. Our audit i%'ork h¢ been undcrtakLn so ihai M'c ni jftlit state to ihe charity's trLJslees tliosc iiialttrs 'l cifL re(ILiired io 8iaiL to them in an audiiors r¥pufl (Iiid Ii!r liv Ollier purposL. fo tlie lull¢s1 LXtLiit PLlItted b}. law, w¢ di) Tl()t dLLLPt or assutne rc5ponsib1lil to anN()nL' l)thcr illan the Charl and ihL" Ch1[1[5,5 Iru%iLL% as a hcidv, lor oiir audEI 0[k. lor this repnrt. or Inr ihL' f)pinii)ns ive hdl'e fomied. I IfirLiidr£i Kishiirlal %liah jl.('.('A)14eIii(Tr1_4uGiior) For and bchalt ot Shah & C-o IAcci)unianiSj Ltd Clicinered ..Iccoiiiitiiiil% &. Staiut()Tr .4udilor ?R Il'"iddrington Rvad (".oi'Lnl 'EsL P¥liLllands ('N'141'11
I'KADING .4S (:[ IIDII-AR.A SAIIIB I.F-.4111%(-T()N ..IND 11.4RlllCk 511KI I-I-EIIPLE (COIIBINED) F 1.4(.1.LlIL R TIIE I E..IR Tr"jI)Tr'I) S .IPKILL24 5.4.:4 Total L-i)rLsifÈLied Rcstiicl¢d fuiid Total INC.'()NIE APl) F..NDOIYIIEN-I'S FROII Donations and Ic2<lCICS 87i.97) 87j.974 F.XPTr.S t)i-ri. RF. ()N Cliarit1blc activities Opcrationq of the Teinple -[ eail)ino aiid cduLali()nal at1.111CS C.liariiablc ÉJrantS dnd donaiions tsovLriiance co.4L% 514.549 14.089 -610 17.57) 514,549 14,089 369.) l J 32.470 9,?19 17.57) Otlicr Lxp¢iiditure IOJ.048 20_).048 204,922 XO l.S69 801.869 6?_3 ?81 RF.CONC.ILIATIOry OTr- Tr"UNDS Total fiinds bri)U£Tlit f()Iii'ai-d 6.95().I}81 6.916.981 6.7 j3,09 TOTAL Tr'UNDS C'..IRRlb.11 FORII',IKD 7.019.087 7,0?9.087 6.956.981 cor41 I'INI,'INC: OPfr'IL4TIONS tlll inLomc and expcnditurc arisen Irom coniinuing &ctii'itics_ Th¢ SiatLmLni uf Financial ..Ictivitits includes all gains and losses recogniscd in IhL je. The noii% fomi pan ()f thL%e fiiiaiicial stai¥m¥nts 10
GL"KDII'ARA LEAIIIYG"ION AYD WARWICK "I"IL4DING AS GURDW.4 SI[B LL.LIILSGTOIN AID WARIVICK SIKH TEIIPLE" COMBINED 5 APRIL 21174 5.4.24 FLiTD.4SSE"I'S Tangible assets InvtSllYLent protkny 12 13 6, 144,331 so0.0 6.895,865 5C..O,O(K) 7.?4433:. 1.395,865 Debtors Caih at bank and 14 18.178 733.027 216,'.32 790.625 751.20) 606.857 CRLDII'ORS AtIou9 ralling due within one year 193.171) 1104,Y20) YET CURKENT A&SETS 658,034 501.937 TOT.iL ASSETS I,V.SS CI":RRF.NT LIABILJTIFq .902,365 7.897.802 CREDITOIL% ATnounts falling d¢ after more than one year 16 {873,?781 (940.821 j iNT.T ASSETS 7,029.087 6,956,981 ULIDS ulu"tricted fwxLts 7,029,087 6,956,981 TOI'AL Tr UIYDS 7,0"9,081 6.956.98 The finanb1al 5tatemeRis were appToved by the Bo3rd of Tntstets and 3Dththtserl f issue OD .... . . re signed on Èts bchalr b).= D S S#ndhar- Tnwc¢ S MatlTraru- Tnjslee ltsfOrM Wdrtot firLqr.cial slatements
IIKII-I'F-IIPLF. COIIBINED
.4R F.Nt)F.D_S ..IPRII. ?1124
%.4.24
.4.?.1
Notes
C'.ash flow'% fri)ni operating actii'itiL
Cash g?cncratcd Ir()Iii ()PLraiion
Inleresl paid
11{).176
1.".0661
?77.352
115.?jl)
Nct cash proi'idcd b}. up¢'YlinY dLti%'ities
464.110
ca.sh flows from irji'csting actiltieS
l)Iirchcc ot'tanthible liKed 2G sscts
(51.ili I
?4,0141
Ncr C
SIIKH TF.11P1.F. LCnllBINF.D TOTHE C.4SFI S"i.I fENLFNT FOR-I-IIE I"E..IR F.NDTr.D i IPRIL 2V24 RF.CONCILI..I"I'ION' OF NL'I. INC011E TO NET C.4SII FLOII Tr"ROII OPERATING .ICI'II"I'I"IES l iniomL for tlie reportill period la5 per the %itatvmi'ni nf Tr'inAncixl 72,106 ??3.47? ..IdjustmL'nt5 for: l)L'preLidliiiTI Lharges Iiitirest Pdid DccrcL2%CI'linLrea5¢1 in dLbtors IDLcre&gel..'incrcasc in crcdilor4 ?0 ),Q48 4?.Ofi() 198,054 19,0981 ?04.9•7 35,?51 {IC)8,SlO) 7,)17 Net proi'ided bv operations 272,352 ANALI.%IS OTr" C"HAP4GES IN NET DEJIT Cash flo At 5i'41?4 I%et LA%h c.ash ai bai)k and in harhd j90.6? -14?,402 73 1,1177 390.675 -14?.411? Debt Dcbt5 tdlling due iyiihin l Trear L)Lbis Idlling due afier l !¢ar (7i,0841 194U.11?I I ?,6.51 (70,4.1.i } 187i.278) (1,013,905) 70.194 1943.7111 I'otAI (67", ?XO I 41? j96 ? l U.68,1) The notcs forn] part of thcsc financial staicmcTrls
GIIRDII'.IR.4 LE.4111NG-I-ON .IjD 11.IRII'IC.'K C().IIBINfr.D) 511kH-I'F"IIPLE L _ "T..ITE.IIE.N"I"S F( C-ENEIL.11. INTr"ORII..ITION (Jurdaa l.C£imillOton cind M'arn'ick is cin iinincnrpnraicd i%s(!knldli()n dnd a rets js(cfLd charitK rcxulatcd b!. lh¢ Chdril%' C-oiniliission for E.i)21aiid aJ)d Il'al¢s. The chatiti." % reoisiered numbcr and rcgistcrcd office addr¢ss can be foiind on the Kcfcrcncc and .dEn]nIS1ratII'c tjciails paiTC of the%e fitidllLldl %ldlLTnLnts. .4CC.'OI'N I"ING POLICIES Basis of prL'pai'in¢y the finallcial staternents -I'h. finclnci£l1 .%llc tenTrei)Is ill. Ilie charit¥'. whivh is a puhli" henelii eniii!- undLr F R% l O? hdwe been prepared in dLLordance ¥N'itli thc Charities £1)RP (FR% IO'I ..ILOUn11[i(J and ReTX)rtino bN, Charitics.. Staicmcnt of Recominendcd Practlcc i?ppli¥lL blL to ch11&L5 pflpaiing thi'ir dLL()unL4 in dCLI)rdancL l¥'ltli thi Fiiiancial Keportini Standard applicablc in thL LK and Rcpublic of Ircland IFRS 111?} (efteciii.'e l JanuaTr ?0191', FiiidtlLldl Ileponints Siandard 10? '"Il)e Pinanci121 Kepiining Siand2c rd applici( blc in the I IK dnd RepubliL l)f IrLland' and thc Cbaritics .4ct ?01 l_ The financial sl&LleTnLnts hdN'C bcLn priPdr¢d under ihe historical cost coni'ciiiion. as m(Trdilicd h). the ri'ialuali(Trn of CLdITI 15. CpOlll2 coiiccri) The trustees Lonsider thai tliere are no matcrial unccrtainiics about the charitv's abilitTr 10 conliiiue a &Toing Ltsncern. "rhe irusiecs a¢knOl¢de Ehal gii'cn the currcni rapid chan(Jino busincss and social eni'ironmcnt. Ihcrc arc likclv tc) bl silsnifiidnl unknuiyn laLI()Pi i%.hiLh mdi pr¢%enl IhLtll%L.li"i%. 8uLh fd. Ll(Ir% dfL' L()nSiLt¢red b) Ilie Irusiees 10 rcprcscnt a gcneral inh¢r¢nt l¢i'¢l of risk in r¢lation to thc going conceTn 3ssumplion M"hiLh 15 not qlilIf1b1e 81 this lime. I'hL Iru%iLL.% bL'lit*¥ ihat ili¥ LI1lIv Ldn ITi¥gl ][% liknililies as Llie)" fall due 311d ai the dale of approving thcsc finLcl(lI st<ilemenLS. the irus(Les consider ihe ooino conccrn assumpiion io bc srill appropriarc. .45 such tlic filianla1 sldteTiients hcli'e been prepared on ihis basis. Inconie and cndoivinents loluntL2Tr income includiniw don<ltion5. LFjtis. leiT(ILies iY[dnlS Lhat proi'ide Lore fundin£ or are of a general nclturc is rccog)ni5cd in ihc St21 tcmcnt of l.-inancial .,Ictii"iiics oncc thc charttK." has cntitleni<nt 10 th¢ tunds, it is priibablL' that the In1¢ .11] ht receii'¢d and th¢ ani()unt can b¢ In¢isured r¢liahl!'. l)oiiatinn.s aiid leg?cios Llonations and Il1[Lies ale rccoiFni5Lhd on a rLieiiable basis ilhen receipi is probable and the amount can be relÈabl)' measured. Gift aid Incamin(y resourccs froiii tax rccldLm5 are included in (he Siaienieni of l.inancial Activities on d fLceipls b1. Goverllment gr¢?Tlt tioi'emmeni thranls are accounted for under ihe a¢¥nJals meihod as pemiitied bs. FRS 10? CJrnnt£ of a reiwenuc natiiri arc rccouniscd in the Sratcmcnl of Financial .-IdiN'itics in thc 5amc pcriod as thc rclatcd cipcnditurc. F,xpcndiiure Liabilities are recoonised as expeiidituie as 500n as ihcrc 15 a Icgal or construclii"'c obligation iomniittin(7 the c111( rill to ihic i e.xpendiiurc, it is probable that a transtr ot ccoiiomii bcnctlf5 I5'ill bc rcqLiir¢d in scttlemeni aiid Ihe dlllL)unl <!r thL l)bliiN<ili()tL Ldll ht Ine&%ured reliabli. E.xpeiidiluie li accouiiled for oil ali accruals basis and has bccii Lla55ifii'd undLr hL'ddin(TS thai aooregaie all ci)5t relaied io Ihe caiegorn,. 11.-herc costs cannot bc dircaly attrihutLd t() PdrtlLular hciidin¥5 ihey hili"E been 41111?LdlLI li) dLlii"iliLs un d basis consistcni w'itli ihe usc of re%ource8. Grants offLf¥d siibj¢Yi ti) condiiiotis ivhich hai'c not been met at the ) ¥clf end date arc noted as a coiniiiitment but nut dLirued expLiidiiurc.
51KII '] LIIPI.E (COIIBINED) TF. . TCI I"11LTr_L - conlin1d FI)R 'I'I IF- I"E..IILLNVk-.l) 4 .4PRII. 2024 .4C-.c-oi."N-fiiSC- I'OI.ICIF.S- rvntinued Charitable 2Ctiiities ('hdFiILtble ALtiwiliLs includc LXPLlI(IiLufL ISS()LldtLd i¥ith opernlion of the rcinplc and thc conimunity ¢entre aiid includL' bc)th ihe diieci cosis and support cost re1411in¥ to thuS¥ aclii'ili¢s_ uptM)n Ci)sts incliidi Ctntral funclions and h<ii""e been alloiatid to aciii'it!" COSI idlCLFufiLS on a basis consistcnl 'iih thc u.%e of rc%DuicLS. E¥lLh aciii'il). maiiitain4 scparaic accourLlin¥ eordS to cn<?hl¢' all ci)%t% ti) b apporti()nL(l acLurdtL'I}'. Giivei-lldJlLe cv%t5 cj0"ernnbc C05tS die thos¥ incurrcd in eonncetion with govcrnancc of the charil). ,Ind it% &set.fi and c()mplianLe with L()n%tilulional and SLqtuiory' rcquirenFcnts. ¥IIIIJLXtii)ii Ai)i)ortionnieiil of costs All cosis arc allocaicd biN'ccn thc cipcnditurc catLLT()fii5 Lif ihe Siaieineni of Financial ,IctiwiiiLE on Li bL%is debiuned tli reflQl thL 114i i)f Il)L fi&LiiifcL_ DirLLII!. atiributdhlL Ll)%l% drL" alli)caied b).. rLsoufcL. W'ltli il)c balaiici ot-clpindiiiirc allocdiLd accordino to il)e prLIponton ol-hours i¥orked on eacli resourcc. TaTi2ilile fixed a.%sets 'I'hL Ldpltdlibatioii of tsngible fi.led assets is considcrL-d on it5 mcrits as 10 ihcihcr 1¢ is d fiKLd assei irrespectii.'e l-.Ixeil ii.%fieis ?( re slated c2t th.=ir cost price%. less 4LLUTnuldled deprLLidLii)n dnd ILSS atnounts reco?IliSLd iii r¢spect of iinpciirm¥lltE. I)epreciatinn is prO'7dLd at ihL fL)Iluii ingF nUal rates in ordLr to M'riTC oft L'ach ovcr ][% e%tim31th ii.%Llul ecnn()TniL Iile. Land I.'rcchold propcrt!. F'uriiilurL and ¢quipment N4uior i'eliiiles Nloi depr¢ciaied o/ o on reducints balance o on rcducinD balance l.rLcliold i)ropcrN. rcprcscjits the (iurdM"dra. 41 lunctional assei used for charitabli pufposcs b!. the local Sikh LL)miiiunilv L(!nlinuoiixli' IhiLiughuul ilje i edr. Ini'eslwticnl propert}. Iiii'estmciii propcrtv is Carried ai fair a]ue determined annuall!. b!, the ttuslees based on adl'ice from PTofc)411)ll£il %iIrne)i)r% and dLriVL Ir()Tn Ih¥ Lurrent llldrkel ienis and in¥esiineiit propcrrN' Jiclds for cL)Iiipdrablc rcal cst31¢. adjusted fur dIiN difference in ihe naiure. locaiion or condition of thL spLcific assct. No dlprccialion is proNidcd. C'.hang7es in r.dir kalue dfL fLL()UIii5Ld in IhL SidtLmLnl uf Fllldniiiil .4[] iliei. 'rhe ihai'ity, Is ixcnipi from tlx oil ils eharttsble aeiiK"ItlL. Tr-und accountin2 Lnreslrictid tiinds Lan bL usld in acLorddllLC M'ith Ihc Lh¢wiliiblE ()hjeLIItrLS 1 the diqcrelion of the trustees. RcstriLtcd fiiiids can oiil) bc u.%cd for parli¥ular rcstrictod purpos¢5 I4"iihin ihe i)bjeLts nf the charits,. RL51ricii0ilS arise when spccifiLd b). thL donor or when funds are raiied lor particular rc5trictcd purposes. "urther explanaiion of tlTre i)aturL aiid purpo>C ofca-li lui)d is includcd in thc iiotcs to Lh¢ financial staiements. Donations dnd grants pai'able Gr1< nis £ind donatiOl)S Piiid <2re includcd in thc I'car thc} iirt pdid li)r the puqj(tt ()f prum()tiniT thL Sikh Icljtsion in Ili¢ local conimunitv. 15
GIIRDII'.IR.4 LE,l)IINc-"roN .4ii) Il'..IKII'IC'K .%IIKII TF.IIPI.F.IC_O%IBINF:D 'I-O-I"HE FIN.-INCI..11. ST,11-LIIENJ -1-5- rontiTrueil -.IccouN-I'I.YG PUI.ICll-..%- cnntinued Fun(1 a&ci)unting i-rcLUI'Lfdble IAlue qdded ta Itreiai eYablL N'..1 r 19 charvcd against Ihc caicoory of rcsourccs cxpcndcd for ii'hich it Ivas In¥Ytr¢d. Hire i)urchase aiid leasinx commitments Rtnial. p.iid utider OPLn]iin¥ ILatscs <ifL Lliarg¢41 io the %tii¥inenl of i. inaiicial ..Ictii'itic% on a sÉFaighi line basis 0.r the period olihe le{e. Pension Costs and other pnsl-retirement benefits Tlie ch?0 rit!, iitilizcs C'rcativc PLnsion "Iru5t. d d¢lin¢d Lulltribulivn ptT15iOII %Lh¥tne 'I'hL uf thL scli¢ine are held %eP&iratcl)' from th05c Dr thL Cl)Illpdny in an indEpend¢nilk admini51ered fund. Contributions paj'ablc to thc p¢n.ln .%chcni¢ ar¥ chargji'd tn ihc %iatLmcni ()1-FinlIa1 ,ILiiviIiLS in ihL Pknri()d Li? whiLh the) reldle. Cash And cash equii alents Cabh ¢iiid equii'aleni ¢omprise knash at bank and in hand Ihai are readils, ¢oni'enible to a knoui) amount of cash and arc subjcct to an insiunificant risk to chancTCS in i'aluc. (brruii. Bank Iniills illL inilidlly r¢'i()rd¢d dt filif %dlu¢: nLt of tran%11 Ltinn ci)5ts alld 5ub%Lqu¢ntlJ Larri¥d dl dm(irti.%Ld Ll)$1 usinu tlIL ¢tt¢¥tip'e inicrcst Tn¢thod. Intcrcst c.ipcnsc is rccoJf ised on thc basis of the ¢tTec1ic intercsi meihod and 18 IIILluded d5 bank Iodn illteresl. Hank loans 1Lre cl&i%ltied as current liahilitie% uiile84 ilierÈ i uncoiidiiional riglii to dLfLr scttlcmini of (hc liabilitv for ai leasi nieliye monilis al-ter the balancc shc-t date. CRI"I"ICAI. ACCOI.N"I'JNG JUI)GL,I.ILNTS AD kEI' SOLRCES OF ESTI.11.KTIO.N LNCERTAINTY The cliarinll makes esiiinates and assumpiions concLminiT the futurL'. The Irusiees are also rcquired to ekcrcise judiiLniinl in IhL pr()LL'S% l)I' appl)'inL the Lhill." S dLL()uniing p()licies. F.s1iinaies and judgiements are LLintinudlly CaluAtEd and arc bLd on hisiorical cxpcricilcc and oihcr factors. includin(r cxpcciations of fisturc cTrcnts that ?rc bcliCcd 10 b¢ 011{Iblc uiidcr thL ]rci115taTrcCs. The e5tirTl<il¢h anil 1( 4NiJmplions ih<ii hic I'E a sitsnif?C£Lnt riik" lif LdllSjllts d mdleritil adjusimcmt 10 thg C<irry'ing amoui)ts of knsets liabilities ivithin the ne.il tinLia[ i ear ate dddressed beloii,. In preparing ihese financial ststemenls. the trusiees haN'e made the folloIng judocmLmts'. Investnient propertS': Critical estimaic5. a55UlllPtions and judoements relate 10 the detemiination of the canTr'ing value of in'eStInent pr()PLrtv at lair 1.aluc Ihrouoh thc StLltcmetht of F inancial .-Ic(ii'illLS_ In d¢terniininn tlii%: tl)e charirn. applicf the ()l.'Lrridin(T LOllCCPt ihai lair iialue i.) Ilie amouni for ikhich an as%ei Can be exchanged b¢h¥'een knoivledgleable willin¥ pdrtlL'% 111 dn drnl'% ILniyih liaLtil)II. "I"hL tLdluiL. fd- LL% ¢irLum%larLLL"S 1)l- thL ini'L%lmLni drii'LS ihL valuation mithodologj.. 16
NO"I"Tr-.s"ro THF. FIN.-INC-.I.AI.-%-I..I"l"Ll LN"I"S- conliiiued EOR TH Dofi..i"rion*% .Ani D l.Tr'C:AI."IF' Donations Donation boxes - CJolak Gifi aid OtliLr iniome IntLfLSt iiiioJii¥ 628.444 460.80? 174.i6.1 210.673 100 614 7?7.?C).j '1¥ 87.?.975 846.753 (:11.4RI I'..IBI.E AC.TIV'ITIES COS-IS Grant tundincF of atI1-11ieS {scc notc 61 Support cosrs (sce nol¢ 71 Dircct Totals opertIOnS of iliL Tcmplc -1 £3cliin(y ]d eduLaiion actii'iti¢s C.haritdblc <Trants And donaiions (JON'ernancc co%i 469.806 14.089 ty1.7,13 514.549 17. j73 17.57:, j98.8?1 GR.4NTS P,II'ABI.F, 5.4.?3 Q'.hdritdhl¥ grdnis aiid donaiions i2.610 I IPPl)R'l' C'()S-I'S Go8'¥mance Losts Financc 'rotals Opentions of the -1 emple CJui'eriiaiicc i0Sts 44,74.) .74.3 62.116 17
'I'R,IDING .IS GI RDII-AR.I S..IFIIB I.F-.4111NC:TO.N .I.ND 11.4KM ICK SIKli"fEIII'LE NO'I"E.S TO TH ntinue F- I &-.IR ENDLD i_.IPRII. 2024 AIII)IT()R%' Rb.11[INF.R.4TI()P4 5.4.?4 4.4.9.3 FLLS pa)ablc tn tlie chdriL) s audilors for ihe audii ofihe charity's finanLial gtaiements 7.800 7,400 Tlicrc M'tr¢ no truitccs. remuneraLion or other benefits for th¢ ¢nd¢d 5 .4prs1)0?4 nor for ihc }'car ind¢d 5 ..Ipril ?O?- Trustees, expell5e5 'rh¥re ¥Yere no trusrccs. cxpcnies paid for thL' JLaf ended i .4pril ?0?4 nor for thc vear ended i April 202_1. 10. STAbF C.OST .4.?4 5.4.2.1 'dLyes and salarieJ Soiial ¥c¢uFilj costs Othcr pci).4iiin costs 134.631 3,106 117,5.?0 1.936 131),18_3 ?? 612 ThL aera()e Inonthly number of cmplo!'C¥i during ihe >'ear ivas &s folloii's.. £.4.•3 OLTILe and ddminiiiration N'n cmpln!'2e8 rcccitr'cd èniulutnenls IT] e.NLLSS of £60.IM)O. c.()MP.41L4'1'11'fr'S FOR THE %"1.4"1'Tr.IIENT OF FIN.4.NCIAI.,Icrii"ITIES Lnrcstricll fujids Re%liictLd rund 'rotal funds ITr(.()7Tr-. .4ND I'.ND()II'NIEN-IS FROM DonaiiL)ns and ligydcie 846.753 846.75.i F.XPF.NDII"LRTr: ON C'hdrilablL' ALtivities Operations o'thc"I cmplc -1 ediliiiio and Ldu¥atinnal xclivitlLS C.haril<iblL' 'l<iniS ld donation (ioi.Emance costs J69.51.j 7.157 3?.470 9.?19 369.513 7.157 i2.,170 ()th¢r ¢ApenditurL' ?04.921 204.921 'I'utdl 623 ?81 NET INC0Tr1F. ??_1,47? ?2.j.472
SlJ%ll'l EIIPI.F. CC).IIBlINLD oTTIlF. FIY,INCI.II. $1.4TEIIE%TS- coniou¢ OR TIIF. I-F.AR F-SDF-D S..IPKII.. 2U24 COiiifAIIATII'ES FOR TIIE ST..ITE11ENT OTr Tr Ifi.4NCI.IL,l(Tii"i"riTr.s- eonlinued L.iircstricted R¢stiiLled funds fiind Total (uiids REC-()YC.-ILI.I-I ION Tr-l NDS -1 i)litl fuiids brouglit torlvard 6,7Ji,i09 "I'O"I'AL Tr"I NI)S C,IRRIF.t) FORII',4RD 6.()56.C)81 6,956.981 12. '.AN(:IBLE Tr-I.lTr:l).4SSb-.'I's Fumiture dnd equipiiiei)t rrc¢h()Id propLrti.' lotor chicle Totals cosi .4t 6 April 9023 .4dditions 9.01.4i_I IU.Ul7 181 51,51i 13.190 .4[ i tlpril •024 9.i.i9.756 700.J66 ?3.578 10,063.700 IJTr-.PRF.CI.-ITIQ At 6 ,Ipril 1112_7 Charge for s'car 5?7.677 ?4.6: I -i.1 l (),-627 20J.047 177.6_79 787 At.- .4pril 20?4 ? 74£ 85.3 57? ?98 3,-i19,-369 -.lt i Api-il :0:. 4 6 59j.903 148.068 6.744,331 ..li S .,Kpril ?O?I 1 9.41)9 6,89% 86% Ilicludcd cost or ialuation of land and buildincFs is ficLhuld Idnd of £47.786 (?02J LprcciatL.d. £457,786) iihich is not 13. INTr'ESTNIE PROPERTI, '.41R I'AI.L'F, ..I16 ,Ipril ?O!- and 5 ilpril ?024 500,000 NF.I" BOOIK I',11.IIE Ai _$ _4pril ?04 500,000 .4t _f April .07" £oo.uoo 'I"hc holdino irustees co:)5id¢r that ihc can?"itilT I'dluL of the iiiK"esinient properties is a closc approximation io thc cuttcnt markLt I,, 19
SIIKH TF.11P1.F- (C.'OIIBINED) TIIF. FlY..INCI.41. s'f4TF.IIENIS- cunlinued b'OR I-H E I'E.IR Tr..NI)Tr.l) * .4PRI1, 21124 14. DEBTCIRS.. .-I,IIOI'NTS F.iI,I.ING DITE 11:11 IIIN O)Tr- I'EAR 5.4.2i Other debtors PItPdVIllClii% and accrued incom¢ 210,SJj 15.-i75 1%.17¥ ?16,23? C.RF.DII-ORS: ANIOI'INTS Tr..11.I.IN(- I)I,'F. M'I I IIIN ON'E I-E..KR 5.4.23 I())S aiid oi'Lrdrafis1see note 17) Tradc crcdiiors Taxaiioii aiid social sccurit Oilier crcdirors 70.433 7i.084 691 4,988 ?6.8.18 9_3.171 104 C)?V 16. CRTr-.DI I-(IK%: .,INIOIIP*l-S F..11.I.ING DIIE.ITr-I-ER IIORF. TI1.4) 01ITr-. I E.-IR fj.4.?3 Bank loans Iscc llolc l ?) 873,?78 940,811 17. LO.4NS ll 1( Sis of Ihe maiuriiv of loans is (Fji'en belO- 5.4.23 ,Imi)unts fiillintr diie iviihin une ye1[ on demand.. ]3dnk loaitb 70,433 7i.084 ..Imouiits falliiig bctween one and ni'o )'cars.' Bc1nk Io(?iis - I-? l'ea 71,666 89,276 Bank loan% - ),5 ?6J.069 ?64,579 Jlmounts falliiig due in inorc than fli'c i'¢ars= Rcpa)'ablc b?. InstalmcntS: Hank loans morL. f vr b). insia] 534.143 786.966 ank Iodn rL'prL.%Lnls d 5 ) i_31.. per annuni lixed nie loan. 20
TRADINC. .IS C-I-RDII'.AK-I S..IIIIB LE.AIIINC:T()Tr4 Irs1) Ii'.IRIl'lC.'K SIKII TEIIPLE ()I-ES-I'O THE FIN',I.NCI.41. s-r47-b-.IlTr"Y'l-.%- cuntinui.d RIL 2024 18. 5EC"LIRLD I)fr.]s 'I'hc foll()l[lT .4eLllfLJ dLbis df¢ included ii'ithin creditors: 5_4.ty4 1.0 l J.90.i 'I'h¥ b£U]k Ivan is secured bv M.-&' nf a le?al chat oi'er ihe folloi¥"iti£F a5SLts- Frccliold land and buildin.gs at the Gurdwara Sahib l.eamington and Ilat74'.ick at l-achbrook Park Drivc. 'anvick, Cl.'34 6RII: and b Frechold buildinLFS iii ihc rear of ihe GurdH'ara Sahib l.&imington aiid Il'aTrvick TaLhhr()()k Park Dtive, laThTh'ick. C'l'.?4 6RH" i.4.24 Total funds l.nresliiLled funds Re51iiknied ft)nd Totsl funds rixcd as%¢t% 6.744.Ji I iUU.IIOU 7il_:.O£ 9:,. 187.1. 6,744.3_i I 00.000 751 ?0£ 6.895.865 iOO,000 606,857 (104,990 } 1940.571) Currciii a5sCts Ciirreni li.Ibiliiies {87i:?781 7.0"9.081 7,0?9,087 6,956,981 20. -IIOl'b'.,NIF.S'1' IN Tr'L NI)S moi'ement in funds Llt 6..4 2) Unrestricted funds CJenLfcil fi)nd 6.9<6.981 7.029.087 I'o-r.IL FI,'SD 6.gi6.9¥1 72,106 7.117g.n87 Nel moicmcnl in lund%, Included in thc abnl'e arc as lolloiys-. IncoTnine rcsourccs Rcsourccs expended Moijemcnt iii fuiids Ilnrestricted fuiids Cjtntrdl flind 87i.975 (801.869) i'(I'r..IL F-IINDS 87_i,97i 1801.8691 72,106
C.IIRI)II'.AR.4 1.F...tIiiN(-"i-uN I) I) 11 IC'I IIKH TF..11P1.Tr: (COIIBJIF.D C) I'L&I- -'I-.I-I'LIIEN'I'S- conlinucd 20. qOIT.MLN"r IN, Tr-LYDS- continued compArAtieS for moi'ement in funds Net moi'emcnt in lund .4t LlnrL%trÉcted fund Cieneral fund 6,733.09 6.9f 6.981 I'Q'I'.,II. FUND,5 6.73 j.509 ??j.47? 6.95 6,981 C'omparali'e iiei moi'cmint in tundi. included in th¢ abole are as folloii"s'. Incomin rcsourccs Rcsnurccs ¢xpended M()Kement in fuiids I,nritr]LtLd funds (Jeneriil fuiid 846.7iJ 16?_3 ?8 I I ??_j,472 TOTAI. Trl N'D R46.7f 3 16?3.?811 ??),47? --l current N'car 12 months and prior }'ear l ? monrhs combined w51tion is as full05.. iiioK'¢iii¢nl in funds At 24 E 6 4.,?? l.nreslricted fuiid tieneral fund 6.7.i.3.-09 795,-j7 7,0?9.087 'I'O-I',IL Tr I:NDS 6.713,409 ?95.f 78 7.0?9,087 -4 CLirrcnl } ¢(w l ? Jnonihs and prior sear l ? monihs combitb¢d nci Tnuv¢tncni in funds, inLluded in ilie aboN'c arL fi)Ilois'. Incominci resoiirces Reqources expcndcd Movement in lunds Ilnresirictecl fund.s (iL ThLfdl luiid 1.7?U.7?8 (1.4?) lio) 95,578 TOT.41. TrI,NDS 1.7?0.7•8 {1.42S li0} ?9 j f 78 Funds The charity. thc lolloth'ing ty'pes of fijnds as tolloii"s'. ??
C.IIRDII'.411I LE.IIIINGTON' II'.IRII I(:k SI11 I -ILIIPL Tr- COTrIBINED NO"I"LS TO TIIF. FI%.INCI.41. ST.ATEIIE¥fs- continued F-OR-I'HE I E.4R F_NDF_I)..IVRII, 21124 20. I0I"LIILNT IN FLNI DS- rontinucd L.Iirestricted fuiid: -l-hcsc arL Iiindi ai'£2ilablc t-or CTLneral purposes ivhich th.. trustees are IrLL t() Ltse in acLordancc H'iili thc iharitablc ol?jL'LI. l)esinnAtLd fund: IhL%C ,'IIL Lil%D funds aN'ailable tor gcner4ql purpLiSCS hi)i¥tK"cr. thL Iru%LLYS have ch(Trsen such funds to bc uscd foi a spccific purpose. .Tht thc balaiice 8heet date. total unresiiiLled funds ot. £7.0?6.007 (?0?- £6.956.()81 I comprises desionated funds to rcprisLnt frichi)Id prc)pcrtlL's at '[ 4lihbrook Park" Queensii?i' rogithLr ii.iib impr(Ivement%. Iixlure% and IittlnblS dnd fi.XLiI &lSSCIS iii gLncral. Th¢ tws1th'5 hai¢ (Jji'tn consideration to t]ic ILI'cls ol Crcc rcscTh'cs currenil!, held dnd expeci rhesi Ici'uls to CL)niinui during ihc lorthcojninq fiiiancidl l'e. 21. RLI...I"I'ED P,IRTI' DISCLOSIIRF.S "I hcrL iNerL no rilatcd Pl¢ rtN' Iransactions lor thc l.ear ended i .4pril ?0?4. 22. I>().%'I BALAN(.-£ %IIEET EI'EN'T5 .4iiti' thL baldfiLe sliLct daiL bLlt bLforc :.hL issuanec of ih, financial staicmLnls. IlILre t'rL no signifiLant suh4eqiient eveiiLg reqiiirin(F adjusiineni or disclosure iii ihe linancirf?1 slaleinenls.
TRAIIIN(: .15 C'I RI)11.4R.4 S.-IIIIB LF..IIIINGTON .IND II'_4KI%IC'I Ilill 'l-F-IIPLE C.-U_IIBI_NTr.D) DE'f.411.F'.D gr,ITElE'l. OF FIN..IN(.-I.-11. AC.TIN'-ITIE. FO F-..4R F.)DLD S..IPKIL 2.IIU 1cor11.. F.ND()lI,1E,].s Donqtions and li'xai'iL' Doiiation8 DnncltiiTrn boxes- (iolak Gift aid Other incomL IiilLrc5t inioine 6?8,444 ?17,•() j 460.80? 174,564 210,67i 100 614 I I,i37 87 J.97! 846,7ij Ti)tJl incotnirjx resources 87i.975 846.753 EXPF.NDI I'I',RE Charii:Ible activitie5 'atses S()cial £ccurit)' Pcn51VIIS 134.6J I 10() 1,446 117.lio 16.4f O RdtLS and w'atcr InsurdnLL' l.ighi and hLdl .1 elLphiinu l)o%taCTL dnd Jt£iliiJneTh' ..1d.rtlSITI Siin(Iri¢s l-lirc ot-cqiiipment Ilepair% dnd maintenLgncc Mc)tc)r runnill(Tr Lxpttises TiachiniF cldsses dnd education C.IcaTiing ind rLfu%L 1}el(lOn Catcrillg 9.097 1?5,8f 2 6,i52 87,917 5.417 ,78n 17i (J,247 1,1.089 30,952 3,67• 52.610 8,657 14.395 7.361 i2,470 368,827 ()ther eKI)L'ndi(urL' Freehold pr()perty Mc)Ivr i'ehiLliS l)cpn of furniiurc & tqiiipment 177.6.i9 787 176,873 i.n49 ?7,000 20i.048 ?04,lJ?? uppori LOStS 'iiiance Ejank chargics (.1[rIed fonl'ard 1,906 1,901) ?.677 Thi5 pagl duLs noi forni part ofthe 51a(ulurv financial sLaiements
(:I'RDII'.AR.4 LE.IIIINC--I-()) .&jD II'.IRI)'IC'I s11H TEIIPI.F. (C"OIIBINEDJ DE I'AILED F()R FN t)F.l) i IPRII. 2n?4 j.4.?4 i.42i b"ir]dncc Broii*ht fot%Vdrd B2 loan iiitknrLSt 1.906 -15,251 44.74.? CJoTrernanLe ('(Tr%t Auditors, reinuncratioi) .4CcoUntlnCI' fees LLgal aiid otliir pi'olessional fcc5 7.800 7,400 3,14) 17.)73 Total rLsourc¢s cxpciidcd 801.869 6?3.281 .Nel income 72.106 "llJi5 pa. CFL d()LS nut forni pdrt of the siatuiorv finaniial staiements