Docusign Envelope ID.. 658F9871_488A_43FF_9775.1F3287143637 Charity registration number 1088637 (England and Wales) AFGHAN EKTA CULTURALIRELIGIOUS COMMUNITY CENTRE ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Docuslgn Envelope ID.. 658F9871_488A_43FF_977&1 F3287143637 AFGHAN EKTA CULTURALIRELIGIOUS COMMUNITY CENTRE LEGAL AND ADMINISTRATIVE INFORMATION Trustees Gurmeet Singh Davinder Singh Pril Popander Singh Ku51ar Singh Kapoor Note A list of committee members is disclosed in Irustees. report Charity number 1088637 Pyincipal addyess 67-73 King Slreel Southall Middlesex UB2 4DQ Audltor KLSA LLP Kalamu House 11 Coldbalh Squa London EC1R 5HL Banker8 National Westminster Bank Pk- Swanley Branch. Kent HSBC- Hayes Branch Barclays Bank PIC- Hayes Branch Docusign Envelope ID.. 658F9871~488A-43FF-9775-IF3287143637 AFGHAN EKTA CULTURALIRELIGIOUS COMMUNITY CENTRE CONTENTS Page Trustees report Independent audilols report Statement of financial adivilies Balance sheet 10 Statement of cash flows 11 Notes to the financial statements 12-22 Docusign Envelope ID.. 658F9871-488A-43FF-9775-1 F3287143637 AFGHAN EKTA CULTURALIRELIGIOUS COMMUNITY CENTRE TRUSTEES REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 The Trustees present their annual report and financial statements for the year énded 31 December 2024. The accounts have been prepared in accordance with Ihe accounting policies set out in note 1 to the accounts and comply with the Charities Act 2011 and Accounting and Reporiing by Charities.. Statement of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Repc)rting Siandard applicable in the UK and Republic of Ireland {FRS 102) (effective 1 January 2015)" Objectlves and activities The object of the Gurudwara is lo advance educalion, provide a place of worship, to promote all aspe¢ls of Sikhism and to provide recreational and social welfare for the benefit and well-being of the Community. The Iruslees have giv8n due consideration to Charity Commission's published guidance on the Public Benefit rèquirement under the Charity Act 2011. We aim through our Guiudwara Guru Nanak Darbar and Guru Nanak Dharmik School to provide a first class education lo our boys and gids from the age of five to sixteen years old. We seek lo provide a slnjclured educational environment Ihal develops our pupils. Capabilities, compelences and skills. The core objectives and values of the Charity still remain the same and are as follows.. To advance the educalion of the public by the improvement and diffusion of knowledge and information about all aspects of Sikhism. To promote the soclal, cultural and educational activities of Ihe Sikh religion, thereby advancing the provision of advice, coun5811ing and instruction relating lo the SPiTilual heritage of Sikhism, the Punjabi language and its customs and traditions, To promote the benefits of the Afghan Ekta Society to the neighbourhood, without distin¢tlon of sex, sexual orientation, race or of politlcal, religious or other opinions. To associate wilh those who live wilhin the area of benefit and the local authorities, voluntary and olher organisalions in a common effort to advance educalion and lo occupations. To generally improve the conditions of life for those who live within this area of benefil. To establish, or secure the establishment of a community centre and maintain and manage thls establishment in furtherance of the above objectives. To remain non-party in politics and non-sectarian in religion. The principal aclivity of Ihe Communtty Centre conlinues to be Ihal of organising several activitk95 to their full polentlal and benefiting the Sikh comfflunity. The lotal membership now slands al around 38,OlY) to 42,000 and is still increasing. Boys and girls, who are registered lo receive education in Punjabi language and Keerlan (religious hymns), currenlly stands al over 2,000. The classes are held throughoul Ihe week and from those Ihal are registered, 950 sludents receive Punjabi language classes at the Fealherstonè Primary school. hired for Sunday classes. We are excited to announce a range of new activities taking place at Norwood Hall. including: Yoga Classes. Youth Club Activities, Slkh Parenting Courses. These inilialives are open to Ihe communily and aim lo promote well-being, engagement, and support for families. We encourage everyone to get involved and make the most of these opportunities.. The trustees expressed their salisfaction for the activities being carried out at the Gurudwara. Free meals continue to be served sèven days a week to all, irrespedive of colour, caste or C￿ed and the free kitchen is staffed by people on voluntary basis. rest being contributed by the instilution. Also, olher charity organisations keep using our kitchen occasionally lo feed people of all social categories. Do¢usign Envelope ID.. 658F9871-488A-43FF-9775-1 F3287143637 AFGHAN EKTA CULTURALIRELIGIOUS COMMUNITY CENTRE TRUSTEES REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Achievements and performance A commilmenl, for solemn pea￿ and hamiony. has been maintained by the o)ntinued efforts of the Management Committee, Iruslees and supported by the congregalions. Conlinuous progress and emphasis is made by the Gurudwara on respect, tolerance lo other Gullures and ujllivating human values in order lo lead a good moral life. Ideologies have been laught and encouragement lo receive enlightenment of the Gurus and the learned Scholars who come lo give lectures on the Universal brotherhood and tolerance lo other ways of life, have been made in the cominunily. 11 is intended that Sikh youths integrate in the society and cultivale good social and moral values to replace drug or alcohol abuse. It is pleasing lo nole that the youths are adhering io these values, They have shown great initiative, offering their voluntary assistance in key areas when we have organised religious days. We conlinu& lo have open and frank dialogue with them to discuss disadvantages of drug and alcohol abuse and every opportunity is taken lo ensure that the law and order of the country is upheld at all cost. The Irustees and the members continue to consolidate ils role tOW2rds building good interfaith relations. In order lo achieve these relations, community members have visited olhef chLtrches within Ihis area, inviting other members of differing failhs who have enjoyed meeting one another lo promote betler understanding be￿een Ihe communities. Emphasis lo respect and tolerate other ¢ullures, cultivate human values, lead a good moral life and seek peace and harmony is made lo all members of Ihe association. The Tluslees have assessed the major risks lo which the Afghan Ekta is axposed, and are satisfied that syslems are in place to mitigate exposure lo the major risks. The charity maintains ils co-operation and good relations with the Police and other loc41 Government agencies. The Irusle8s have ensured that Health & Safety and Food & Hygiene ￿gUlatIonS remaSn a priority and have been observed to everyone's salisfaclion. The charlly SUPPOrts active medical camps for the benefit of the elderly and the disabled prowding general health checks, advising on blood pressure, diabeles, weight and heallhy eating. The work of Ihe Iruslees and managemenl commiltee has been endonsed showing complete trust and confidence in their ability to meet the charities objective and ils welfare. Sikhs continued lo visil the Gurudwara from UK and Europe in order to celebrate the anniversary ceremony of the Holy book'the Guru Granlh Sahib Ji" Esteemed members of our socièty. such as the old and elderly people. ¢onlinue lo receive our reSP￿t and every effort is made lo listen to their valuable advice. Every facility and assistance of the lemple is offered to Ihem. The community members have shown their full trust and cOnf￿ence in the new management committee Iruslees. The appointment of the new members has been based on the age. good character, experience and skills of each individual for the betterment of the community and the charity. Suggestions and constTuclive plans are always welcome for the improvement of our centra and we rewew this on regular basis bearing in mind the aims and ofy'ectives as laid down by our Constitution. Financlal review Tolal reserves induding Restricted and Unrestricted ftjnds stand at £10,440.937 at 31 December 2024 (2023: £10,176,453) It is the policy of the Afghan Ekta that unrestricted funds which have not been designaled for a Specific use should be maintained at a level equivalent lo belween three and six month's expenditure. The Trustees considers Ih81 reserves at this level will ensure thal, irb the event of a significant drop in funding, they will be able to continue thè Afghan Ekta's currenl activilies while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year. The trustees are cnnsidering to sel up a designated fund to ring fence the value of the building Docusign Envelope10". 658F9871-488A-43FF-9775-1 F3287143637 AFGHAN EKTA CULTURALIRELIGIOUS COMMUNITY CENTRE TRUSTEES REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Structure, governance and management The Afghan Ekta is an unincorporated chariiy which is governed and operated within the requirement sel out in its conslilution. 11 is run by Ihe members of Executive Committee, which is elected every ihree to four yéars by members of Afghan Ekta al the Annual General Meeting. The Trustees who served during Ihe year and the details of managemenl were lisled as below. Mr Gurmeet Singh Mr Davinder Singh Prll Mr Popander Singh Mr Kullar Singh Kapoor The community members have shown their fvll Irust and confidence in the new management committee and trustees. The appointment of the new members has been based on Ihe age. good character, experience and skills of each individual for the bellermenl of the community and the charity. New trustees and executive committee members undergo IndU￿10n and are briefed about Iheir legal obllgations and respon5ibililies. They are also appraised of The Afghan Ekta's decision-making process, business plans and recent operational and financial performances of the organisalion. Trustees and comniittee members are encouraged lo allend appropriate training courses, designed lo help them lo keep abreast of changes in Charity Laws and Regulalions, Company Law and other laws such as the Data Protection, Health & Safely and Employment. The Ex8culive Commillee, comprising the Truslees, meets regularly several Ilmes a year and is responsible for its overall management and direction, its policies and Procedures, ils long-term strategic development, the deslgn of Ils intern81 controls. Trustees: Mr Gurmeel Singh Mr Davinder Singh Pril Mr Popander Singh Mr Kultar Singh Kapoor President Imanaglng the Committee) Mr Ragbhir Singh General Secretary Mr Ranjil Singh Treasurer Mr Niiieet Singh Docusign Envelope ID: 658Fg871-488A-43FF-9775-1F3287143637 AFGHAN EKTA CULTURALIRELIGIOUS COMMUNITY CENTRE TRUSTEES REPORT {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 The day lo day managemenl of the charity has been delegated by the Tnjstees lo Ihe Executive Committee. Executive Members Mr Mohan Singh Mr Jagmohan Singh Chopra Mr Santokh Singh Mr Jaspreel Singh (FCCA) Mr Sandeep Singh Arora Mr Ajeet Singh Mr Manohar Singh Mr Pakat Singh Mr Karpal Singh Mr Mohan Singh Bajaj Mr Surjeel Singh Mr Varyam Singh Mr Jaglar Singh Mr Jeel Singh Khaneja Mrs Ajil Kaur Wadhwa Mrs Manil Kaur Mrs Kiran Golati Mrs Popender Kaur Mr Nanak Singh Mr Baljeel Singh Logani Mr Gulbir Singh Kapoor Mr Avtar Singh Chopra Mr Harinder Singh Dua Mr Amarjeel Singh Chopra Mr Guljeel Singh Gabha Mr Didaar Singh Bhalia Mr Tajinder Singh Kahi Mr Nirmohan Singh Sachdeva Mr Himmat Slngh By th8 grac8 of almighty, Ihe charity once again su¢eAeded and maintained the pasl Iraditions and celebrated various religious events and programmes, such as Birthdays of Sikh Gurus, Vaisakhi, Bandhi Chorh Diwas, Diwali, Martyrdom days and New Year. The Charity also organised religious lectures, community meetingsldebales, meditation and yoga classes. We had elderly and young members of the community who participated in the various religious events organised throughoul the year. ststement of Trustees responsibilitles The Trustees are responsible for preparing the Trustees Report and the financial statements in aco)rdance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The Truslees report was approved by the Board of Trustees. 0829B18&f32141 ... Gurmeet Singh Trustee Kultar Singh Kapoor Trustee 23 October 2025 Docusign Envtslope ID.. 658F9871-488A-43FF-9775-1F3287143637 AFGHAN EKTA CULTURALIRELIGIOUS COMMUNITY CENTRE INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF AFGHAN EKTA CULTURALIRELIGIOUS COMMUNITY CENTRE Opinion We have audited the financial stalemenls of Afghan Ekta CulturaVReligious Community Centre (the 'Afghan Ekta,) for the year ended 31 December 2024 which comprise the slalement of financial activities, Ihe balan￿ sheet, the slalement of cash flows and Ihe notes lo the financial slatements, including a summary of significant accounling policies. The financial Teporting framework that has been applied in their prepar21ion is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 Thé Financial Reporting sland8￿1 appliGab18 in th8 UK and Republic oflr8land (Uniled Kingdom Generally Accepted Accounting Practice). In our opinion, the financial slatem8nls= give a true and fair view of the slate of the charity's affairs as al 31 December 2024 and of ils incoming resources and application of resources. for the year then ended., have bèen properly prepared in accordance with United Kingdom Generally Accepted Accounting PraclicE' and have been prepared in a¢¢ordance with the Charities Act 2011. Basls for opinion Vve 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 Ihe Audifoys ￿Sponsibl11118S for the audit al the financial statgmonls section of our report. We are independenl of Ihe Afghan Ekta in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC'S Elhlcal standard, and we have fulfilled our other ethical responsibilities in accordan¢e wilh Ihese requirements. We believe that Ihe audit evldence we have obtained is sufficient and appropriate to provide a basis for our opinion. Conclusions relatlng to going concern In auditino the flnancial statemenls, we have conduded that the Trustees use of the going concern basis of accounting in the preparation of the financial slalements is appropriale. Based on the work we have performed, we have not identified any material uncertainli8s relating io evenls or condilions that, individually or colleclively, may cast significanl doubt on the Afghan Ekta's ability to continue as a going concern for a period of at leasl twelve months from when the financial stalemenls are authorised for issue. Our responsibilities and the responsibilities of Ihe Truslees with respect to going concern are described in the relevant section5 of Ihis report. Othor informatlon The other information comprises the informalion induded in the annual report other than the financial statements and ovr auditovs report thereon. The Trustees are responsible for the other information conlained within the annual report. Our opinion on the financial statements does not cover the other infomialion and we do not express any form of assurance conclusion Ihereon. Our responsibility IS to read the other information and. in doing so, consider whether the other information is materially inconsistenl with Ihe financial statements or our knowledge obtained in the course of the audit, or otherwise appears lo be materially misstated. If we identify such malerial inconsistencies or apparenl material misstatements, we are required lo determine whelher this gives rise lo a malerk91 misslalement In the financial statements Ihemselves. If, based on the work we have performed. we conclude Ihal there is a material misstalemenl of Ihis other information, we are required to report that fact. We have nothing to report in this regard. Matters on whlch we are required to report by exception We have nothing lo report in respect of the following m8ltets in relalion to which the Charities (Accounts and Reports) Regulations 2008 requires us lo report lo you if, in our opinion: Ihe information given in the financial stalemenls i8 inconsistent in any material resped with the Truslees report., or sufficient accounling records have not been kept.. or Ihe financial slatemenls are not in agreement wilh Ihe accounting records. or we have not received all Ihe information and explanations we require for our audit. Docusign Er¥velope ID.. 658F9871-488A-43FF-9775_1F3287143637 AFGHAN EKTA CULTURALIRELIGIOUS COMMUNITY CENTRE INDEPENDENT AUDITOR'S REPORT (CONTINUED> TO THE TRUSTEES OF AFGHAN EKTA CULTURALIRELIGIOUS COMMUNITY CENTRE Responsibilities of Trustees As explained more fully in the statement of Trustees responsibilities, the Trustees are responsible for the preparation of the financial statements and for being satisfied that they give a Irue and fair view, and for such inlernal control as the Trustees determine is necessary to enable Ihe preparation of financial slatemenls thal are free from material misstatemenl. whether due to fraud or error. In preparing the financial slalemenls, the Trustees are responsible for assessing the Afghan Ekla's ability to conlinue as a going concern, disdosing, as applicable, mallers related to going concern and using the going concern basis of a¢¢ounling unless the Trustees either intend to cease operations, or have no realistic alternative but lo do so. Auditor's responsibilities for the audlt ol the financlal ststements We have been appointed as auditor under section 144 of th8 Charities Acl 2011 and report in accordan￿ wilh the Act and relevant regulations made or having effect thereunder. Our objectives are lo obtain reasonable assurance aboul whether the financial slalements as a whole are free from material misstalemenl, whether due lo fraud or error, and lo issue an auditor's report Ihat includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee thal an audil ¢onducled in arAordance wllh ISAS (UK) will always detect a material misslalemenl when il exists. Misstatem8nts can arise from fraud or error and are considered material if. individually or in the aggregale, Ihey could reasonably be expected to influence the economic decisions of users taken on the basis of these financial slalemenls, Irregularities. including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities. outlined above. lo delect malerial misstalemenls in respect of irregularities. including fraud. The extent to which our procedures are capable of deleding irregularilies, including fraud, is detailed below. Our approach lo identifying and assessing Ihe risks of maleiial misstatement in respect of Irregularilles, including fraud and non-compliance wilh laws and Tegulations, was as follows.. Ihe engagement partner ensured thal the engagemenl team collectively had the appropriate compelence, capabilities and skills lo identify or recognise non-compliance with applicable laws and regulations., we Identified the laws and regulations applicable lo the company through discussions with directors and other management, and from our commeraal knowledge and experience of the seclor., and we focused on specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the Company, including the Companies Acl 2006. taxation legislation and data protection, anti-bribery, employment. environmenlal and health and safety legislation. We also considered potenlial fraud drivers.. including financial or other pressures, opportunily, override of controls and personal or Gorporale motivations. We considered the programmes and controls that the company has established lo address risks identified, or Ihal othetwise prevent, deter and detect fraud. ￿ere the risk was considered lo be higher, we performed audit procedures lo address each identified fraud risk. These procedures included testing journals, evaluating the business rationale of significant transactions outside the norm81 couise of business and validating the appioprialeness of internal controls and significanl accounting oslimalions based on our fraud risk criteria. We assessed the susceptibility of the charily's financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by: making enquiries of management as lo where they considered there was susceptibility to fraud, Iheir knowledge of actual, suspected and alleged fraud- and considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulalions. To address the risk of fraud through management bias and override of controls, we.. performed an31yiical procedures lo identify any unusual or unexpected relalionships- lesled joumal entries lo identify unusual Iransaclions- assessed whether judgements and assumptions made in delemitning the aGcounting estimates wère indicative of potential bias- and investigated the rationale behind significanl or unusual IransaGlions. Docusign Envelope ID.. 658F9871.488A_43FF_9775.1F3287143637 AFGHAN EKTA CULTURALIRELIGIOUS COMMUNITY CENTRE INDEPENDENT AUDITOR'S REPORT {CONTINUED) TO THE TRUSTEES OF AFGHAN EKTA CULTURALIRELIGIOUS COMMUNITY CENTRE In response lo the risk of irregularities and non-compliance wilh laws and regulations, we designed procedures which included, bul were nol limited to.. agreeing financial slatement disdosures to underlying supporting documenlation., and enquiring of management as to actual and potential litigation and claims. We obtained undèrstanding of ihe legal and regulatory frameworks that are applicablè to the company and determined Ihal Ihe most significant are those related to the Financial Conduct Aulhorily, financial reporting framework, lax regulations in the jurisdictions in which the ¢ompany operates. Based on this understanding we designed our audit procedures to identify non-compliance with laws and regulations. Our procedures involved- making enquiries of management, Ihose responsible for legal and complianco proc8dures and reviewing other correspondence. We communicated identified fraud risks and non-compliance wilh laws and regulations with those charged wilh governance. Ihroughout the audit team and remained alert to any indicalions Ihroughout the audll. There are inherent limitations in the audii procedures described above. We are less likely lo become aware of instan￿S of non-compliance with laws and regulalions that are not closely related lo events and transactions reflected In the financial statements. Also the risk of nol detecting a material misslatemenl due to fraud is higher than the risk of nol delecling one resulting from error. as fraud may involve deliberate concealmenl by, for example, forgery, misrepresenlalions or through collusion. A further descriplion of our responsibilities is available on the Financial Reporting Councll's website at: hllps'.11 v.frc.org.ukjaudilorsresponsibililies. This descriplion forms part of our auditorfs report. AFGHAN EKTA CULTURALIRELIGIOUS COMMUNITY CENTRE INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF AFGHAN EKTA CULTURALIRELIGIOUS COMMUNITY CENTRE Other matters Your attention is drawn to the faGI thal the charity has prepared financial slatemenls in accordance wilh AcGounling and Reporting by Charities.. Statement of Recommended Practice applicable to charilies preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021" (as amendad) in preference lo (he Accounting and Reporting by Charities-. Statement of Recommended Practice issued on 1 April 2005 which is referred lo in the exlanl regulations but has now been withdrawn. This has been done in order for the financial statements to provide a true and fair view in accordance with currenl Generally Accepted Accounting Practice. Use of our report This report is made solely lo the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been Undertaken so that we might stale lo the company's members those mallers we are required lo stale to them in an audilofs report and for no other purpose. To the fullest exlenl permilled by law, we do not accept or assume responsibility to anyone other than the company and the Gompany's members, as a body, for our audit work, for this reporl, or for Ihe opinions we have formed. Harsheel Dodhia (Senlor Statutory Auditor) for and on behalf of KLSA LLP 23 October 2025 Chartered Accountants Statutory Auditor Kalamu House 11 Coldbath Square London EC1R 5HL KLSA LLP is eligible for appointment as auditor of Ihe Afghan Ekta by virtue of its eligibility for appolntmenl as auditor of a company under sectlon 1212 of the Companies Act 2006. Docijsign Envelope ID.. 658F9871-486A.43FF_9775.1F3287143637 AFGHAN EKTA CULTURALIRELIGIOUS COMMUNITY CENTRE STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2024 Unrestrictsd funds 2024 Unfestricted funds 2023 Notes Income from: Donalioiis and legacies other trading aclivilies Investments 1,394,603 18.000 412 1,522.273 18,000 910 Total Income 1,413,015 1,541,183 Expenditure on: Raising funds Charitable activities 163,450 1,052,923 196,491 1,487,217 Total expendlture 1,216,373 1,683,708 Nel gainsl{losses) on Investments 12 67,842 17,635 Net incomellexpendlture) and rnovèment In fundg 264,484 {124,890) Reconciliatlon of funds: Fund balances at 1 January 2024 10,176,453 10,301,343 Fund balances at 31 December 2024 10.440,937 10.176,453 Docusign Envelope ID.. 658F9871-488A-43FF-977&1F3287143637 AFGHAN EKTA CULTURALIRELIGIOUS COMMUNITY CENTRE BALANCE SHEET AS AT31 DECEMBER 2024 2024 2023 Notes Fixed assets Tangible assets 14 12.347,449 12,251,656 Current assets Stocks Debtors Investments Cash al bank and in hand 15 16 17 10,000 28.886 359,045 296,122 10,000 17,047 241,482 595,054 694,053 863,583 Credltors: amounts falling due wlthln one year 19 (258,268) (311,887) Net current assets 435.785 551,696 Totsl asset81888 current liabllltle8 12,783.234 12,803,352 Creditors: amounts falllng due after more than one year 20 (2,342,297) (2,626,899) Net assets 10,440,937 10,176,453 The funds of the Afghan Ekts Unrestricted funds 21 10,440.937 10,176,453 10,440,937 10,178,453 The financial statements were approved by the Trustees on 23 October 2025 E1104B04•N•4M.. Gurmeel Singh Trustee 002•B1•qFJ2141 ... Kultar Singh Kapoor Trustee 10- Docusign Envelope ID.. 658F9871.488A.43FF.9775_1F3287143637 AFGHAN EKTA CULTURALIRELIGIOUS COMMUNITY CENTRE STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2024 2024 2023 Notes Cash flows from operating aclivitle6 Cash generated from operations 25 396,302 1,414,943 Investing actlvllios Purchase of tangible fixed assets Proceeds from disposal of investments Investment income received (383.521) (49,720) 412 (1,239.823) <33,009) 910 Net cash used in investlng actlvlties (432.829) (1.271,922) Flnancing activitles Repayment of bank loans (262.405) (382,247) Net cash used In financing actlvities (262.4051 1382.247) Net d8crea8e in cash and cash equlvalents (298,932) (239,226) Cash and cash equivalenls al beginning of year 595,054 834,280 Cash and cash equivalents at end of year 296.122 595,054 11 Docusign EnvelopÈ ID.. 658F9871-488A-43FF-9775-IF3287143637 AFGHAN EKTA CULTURAURELIGIOUS COMMUNITY CENTRE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Accountlng policies Charity Infomiatlon Afghan Ekla CullurallReligious Community Centre is a registered charily, registered with the Charity Commission since 27 September 2001. 1,1 Accounting convention The accounts have been prepafed in accordance with the Afghan Ekla's Trustees Conslilution, the Ch2rilies Act 2011 and "Accounling and Reporting by Charities.. Statemenl of Recommended Practice applicable lo charities preparing their accounls in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102)" {as amended for accounling periods comméncing from 1 January 2016). The Afghan Ekla is a Public Benefit Entity as defined by FRS 102. The accounts have been prepared under the historical cosl convention and to include certain financial instruments at fair value. The principal a¢¢ounting policies adopted are sel out below. 1.2 Golng concern At the time of approving the finan¢tal statements. Ihe Trustees have a reasonable expeclalion Ihal the Afghan Ekla has adequate resources to continue in operalional existence for the foreseeable fulure. Thus th8 Trustees Continue lo adopt the going concern basis of accounting in preparing the financial statements. 1.3 Charltable funds Unrestricted funds are available for use at Ihe discrelion of the Trustees in furtherance of their charitable objectives. Reslrlcted funds are subject to specific conditions by donors or grantors as to how they may be used, The purposes and uses of the restrided funds are sel oul in the noles lo Ihe finandal stalements. 1.4 Incoming resources Income is recognised when the Afghan Ekta is legally entitled to it after any performance conditions have been mel, the amounts can be measured reliably, and it is probable that income will be received. Cash donations are recognised on receipt. other donations are recognised On￿ the Afghan Ekla has been notified of the donation, unless performance cnnditions require deferral of the amount. Income lax recoverable in relation to donations received under Gift Aid or deeds of covenanl is ￿cOgnIsed at the time of the donation. Gold and jewellery donations are measured at fair value. The donated gold and jewellery are valued at balance sheet dale by professional gold valualion Company and recognised as gold donation income. Income for trading adivilies is measured at the fair value of the consideration received or receivable and represenls amounts receivable for services provided, net of discounts. All income fom trading aclivilies is used for charity PLsrpose. The inwme from aclivilies for generating funds is rewgnised in the period in which the relevant aclivity takes place. Interesl on funds held on deposit is induded when receiwable and the amount can be measured reliably, which is nomally upon notification of the inlerest paid or payable by Ihe bank. 12- Ducusign Envelope ID.. 658F9871_488A.43FF.9775_1F3287143637 AFGHAN EKTA CULTURALIRELIGIOUS COMMUNITY CENTRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Accounting policles {Continued) q.5 Resources expended All expenses are induded in the financial slalements on an accrual basis inclusive of any VAT which cannot be removed and is recognised when. There is a legal or conslruclive obligation lo make a payment It is probable Ihat selllemenl will be required The amount of the obligation can be measured reliably Cosls of raising funds Costs incurred in attracting donations, and those incurred in trading aclivates that raise funds. Govemance costs Costs associated with Ihe constitutional and statutory requirements of the Charity. Support costs The adminislralive and overhead costs associated with running the office from which the charity operales as well as govemance costs. 1.6 Tanglble fixed assets Tangible fixed assets are Inilially measured al cost and subsequently measured at cost , nel of depreciation and any impairment losses. Depreciation is recognised so as to write off the cost over their useful lives on the following bases: Land and buildings Plant and machinery Fixlures, fittings & equipmenl Motor vehicles 20A Straight Line Melhod on buildings 200A Reducing Balance Method 200/0 Reducing Balance Method 25•h Redu¢ing Balance Method The gain or loss arising on the disposal of an asset is determined as the différence belween the sale proceeds and Ihe carrying value of the asset. and Is recognised in Ihe slatemenl of financial activilies. 1.7 Impalrment of fixèd assets At each reporting end dale, the Afghan Ekta reviews the carrying amounts of ils langible assets to determine whether there is any indication that those assels have suffered an impairment loss. If any such indulion exists. the recoverable amount of the asset is eslimaled in order to delermine the extent of the impairment loss (if any). 13- Do¢uslgn Envelope10'. 658F9871.488A.43FF_9775_1F3287143637 AFGHAN EKTA CULTURALIRELIGIOUS COMMUNITY CENTRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Accountlng policies {Continuedl Recoverable amount is the higher of fair value less costs compared to sell and value in use. In assessing value in use, Ihe eslimaled future cash flows are discounted to Iheir present value using a pre-tax discount rate that reflects current market assessments of Ihe lime value of money and Ihe risks specific lo t he asset for which the estimates of future cash flows have not been adjusled. If the recoverable amount of an asset is eslimaled to be less than its carrying amount, the carrying amount of the asset is reduced to its recoverable amount. An impairment loss is recognised immediately in incomel {expandilure) for Ihe year, unless the relevanl asset is cariied at a revalued amount, in which case the impairment loss is treated as a revaluation decfease. Recognised impairment losses are reversed if, and only if. the reasons for Ihe impairment loss have ceased lo apply. Where an impairment loss subsequently reverses, the carrying amounl of the asset is increased lo the revised eslimale of its recoverable amount, bul so Ihat the increased Carrying amount does nol exceed thé carrying amount that would have been delermined had no impairment loss been reeognised for the asset in prior years. A r8versal of an impairmenl loss is re¢ognised immediately, unless the relevant asset is Carried in at a revalued amount, in which case the reversal of the impairmenl loss is Irealed as a revaSualKJn increase. 1.8 Stocks Stocks are perishable food for free meals seNed to all visitors. which are stated at cost . The slocks are fasl moving items and no provisions for slow moving and obsolete stocks. Nel realisable value is the estimated selling price less all estimated costs of completion and costs to be incurred in marketing, selling and dislribulion. 1.9 Cash and cash equivalents Cash and cash equivalents include cash in hand. deposits held at call with banks, other short-term liquid investments wilh original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in currenl liabilities. 1.10 Flnancial Instruments The Afghan Ekta ha5 elected to apply the provisions of Section 11 'Basic Financial Instruments. and Section 12 '0ther Financial Instruments Issues, of FRS 102 to all of its financial inslrumenls. Financial instrumenls are recognised in the Afghan Ekta's balance sheet when Ihe Afghan Ekla becomes party to the contractual provisions of the instrumenl. Financial assets and liabilities are offset, with the net amounts presented in Ihe financial statements, when there is a legally enforceable right to set off the recognised amounts and there Is an intention lo settle on a net basis or lo realise the asset and settle the liability simultaneously. Donated gold is initially measured at fair value at each reporting date. Changes in fair value are recognised in net incomel{expenditure) for the year. Any Iransaction costs and valuation fées are expensed as incurred. Baslc fynancial assets Basic financial assels. which include deblors and cash and bank balances, are initially measured at Iransaclion price induding transaction cosls and are subsequently carried at amortised cost using the effective interest method unless the arrangemenl constitutes a financing Iransaclion, where the Iransaction is measured al the present value of the future receipts discounted at a market rale of interest. Financial assets classified as receivable within one year are not amortised. 14- Doeusign Envelope 10.. 658F9871_488A_43FF_977S.1F3287143637 AFGHAN EKTA CULTURALIRELIGIOUS COMMUNITY CENTRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Accounting policies Icontinuedl Baslc financial Ilabilities Basic financial liabilities, indLtding creditors and bank loans are initially recognised al Iransaction price unless the arrangement conslilules a financing transaction, where the debl inslrumenl is measured at the present value of the future payments discounled at a market rale of inleresl. Financial liabilities classified as payable within one year are not amortised. Debt instruments are SLtbsequently carried at amortised cost, using the effective interest rate molhod. Trade creditors are obligations lo pay for goods or Se￿IceS Ihal have been acquired in the ordinary course of operations from suppliers. Amounls p2yable are classified as current liabilities if payment is due within one year or less. If not, Ihey are presented as non-cuirent liabilities. Trade creditors are recognised initially at transaction price and subsequently measured al amortised cost using the effective interest method. Derecognition of flnancial liabilltles Financial liabilities are derecognised when Ihe Afghan Ekta's ¢ontraclual obligations expire or are discharged or canc811ed. 1.11 Government Grants Government grants are recognised al the fair value of Ihe assel re￿iVed or receivable when the￿ Is reasonable assurance that the grant conditions will be met and the grants will be received. A grant that spe¢ifies perfoTmanc8 conditions is recognised in income when the performance Conditions are met. Where a grant does not specify perfomianGe conditions it Is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability. Critlcal accounllng estlmate6 and Judgements In the application of the Afghan Ekta's accounting policjes, the Trustees are required to make judgements, estimates and assumptions aboul the carrying amount of assels and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered lo be relevant. Actual results may differ from Ihese estimates. The eslimates and underlying assumptions are reviewed on an ongoing basis. Revisions lo accounting estimates are recognised in the period in whith the estimate is revised where the revision affecls only Ihat period, or in the period of the revision and futLsre pariods where the rewsion affects bolh current and future periods. Koy sources of estimatlon uncerialnty Useful lives, depreclation methods and residual values of tanglble fixed assels Trustees reviews Ihe useful lives, deprectation methods and residual values of the items of langible fixed assets and on a régular basis. During the year, the truslees detemiined no significant changes in the useful lives and residual values. The carrying amounls of tangible fixed assels are disclosed in notes 14 rèspeclively. 15- Docusign Envelope ID.. 658F9871_488A.43FF_977&1F3287143637 AFGHAN EKTA CULTURALIRELIGIOUS COMMUNITY CENTRE NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Income from donatlons and legacies Unrestricted funds 2024 Unrestricted funds 2023 Donations and gifts Other 1,344,881 49,722 1,489,264 33,009 1,394,603 1,522,273 Others are donated gold which is valued by Gold Bank London at the balanc8 sheet dale. The total ￿ditiOn of £49,722 was recognised as donation income (2023- £33.099). Donation in kind of the year was not included because of the volunteer time and value cannot be measured reliably. Income from other trading activitiès Unrestrlcted Unrestrlcted funds funds 2024 2023 Other income 18,000 18,000 Income from investments Unrestricted Unrestrlcted funds funds 2024 2023 Interest receivable 412 910 Expenditure on raising funds Unrestricted Unyestrlcted funds funds 2024 2023 Fundraislng and publlclty Seéking donations. grants and legacies 163,450 196.491 16- Docuslgn Envelope ID.. 658F9871-488A-43FF-9775-1F3287143637 AFGHAN EKTA CULTURALIRELIGIOUS COMMUNITY CENTRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Charitable activitles Charitable Governance activltles cost6 2024 2024 Total 2024 Total 2023 Charitable activities Donalion to charFties 513,415 42,501 11,491 11,491 11,491 11,491 555,916 Share of support costs (see note 81 Share of governance costs (see note 8) 1.014,540 1.014.540 26,892 962,941 <31,640) 26,892 1,026,031 26,892 1,052,923 1,487,217 The donation lo charities consists of £7,860 to BABA SHRI CHAND BABA HARI SHA EV, a registered religious and cultural organisalion based in Germany, donation of £1,530 to NISHKAM TV. a register￿1 non- profil organisalion in USA and donation of £2.100 to Asian Literary and Cultural Forum UK, registered ¢ompany in England. Support costs allocated to activllies 2024 2023 Staff costs Depreciation Rent Rates Insurance Light and Heal Cleaning and casual Repairs and renewals Motor and Travel expense Printing. postage Interest paid on loan Bank charge Govemance costs 169,610 287,727 49,144 31,770 30,058 107,697 55,225 81,358 4,178 2,856 114,866 281,973 49.642 22,401 28,819 144,971 41,325 60,892 5,120 5,924 li 188,298 6,619 26,892 200,141 6,867 {31,640) 1,041,432 931,301 Analysed between: Support costs Governance cost 1,014,540 26,892 962,941 (31,640) 1,041,432 931.301 17- Docusign Envelope ID., 658F9871-488A43FF-9775-1 F3287143637 AFGHAN EKTA CULTURALIRELIGIOUS COMMUNITY CENTRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Net movement in funds 2024 2023 The nel movement in funds is staled after chargingl{crediting)'. Fees payable for the audit of Ihe tharily's financial statements Depreciation of owned langible fixed assets 10,600 287,727 9,606 281,973 10 Trustees None of the Trustees (or any persons connected with Ihem) received any remuneration or benefils from the Afghan Ekta during the year. 11 Employees The average monthly number of employees during ihe year was: 2024 Number 2023 Numbar Employmènt cost8 2024 2023 Wages and salaries 169,610 114,866 At the balance sheet dale, £4,328 (2023: £2,697) pension ￿nIributIon was made by employer. There are no employees who received employee benefils (exduding employer pension costs) of more than £60,000. 12 Gains and losses on inveslments Unrestrlcted Unrestricted funds funds 2024 2023 Gainsl(losses) arising on: Revaluation of investments 67,842 17,635 13 Taxation The charity is exempi from taxation on its adiiryties because all its income is applied for charilable purposes. 18- Do¢usign Envelope ID.. 658F9871-488A-43FF-9775-1F3287143637 AFGHAN EKTA CULTURALIRELIGIOUS COMMUNITY CENTRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 14 Tangible fixed assets Land and ljulkllngs Plant and machlnery Flxtures, Motor véhl¢l6s flttings & equlprn8nt Total Cost At 1 January 2024 Additions 14,327,714 382.564 34,655 300 142.228 657 28,850 14,533,447 383,521 Al 31 December 2024 14,710,278 34,955 142.885 28,850 14,916,968 Depreclatlon Al 1 January 2024 Depreciation charged in the year 2.115,171 279,025 30,439 903 121,104 4,356 15.078 3.443 2,281,792 287,727 At 31 De￿rnber 2024 2,394,196 31,342 125.460 18,521 2,569,519 Carrying amount At 31 De￿mber 2024 12,318,082 3.613 17,425 10,329 12,347,449 At 31 December 2023 12.212,544 4,216 21,124 13,772 12,251,656 15 Stocks 2024 2023 Finished goods and goods for resale 10,000 10,000 16 Debtors 2024 2023 Amounts falling due withln one year: Other debtors Prepayments and accrued income 2.114 26,772 2,047 15,000 28,886 17.047 17 Current assèt Investments 2024 2023 Donated gold 359.045 241,482 19- Do¢uslgn Envelope 10". 658Fg871.488A.43FF_9775.IF3287143637 AFGHAN EKTA CULTURALIRELIGIOUS COMMUNITY CENTRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 18 Loans and overdrafts 2024 2023 Bank loans 2,530.641 2,793,046 Payable within one year Payable after one year 188.344 2.342,297 166,147 2.626,899 Th8 long-lerm loans are secured by fixed charges over Afghan Ekta CullurallReligious Communily Centre's freehold properties. The bank loans are subject to commercial rates of interest and repayable by monthly inslalments of capital and inleresl over Ihè term of the loans. 19 Credltors: amounts falllng due within one year 2024 2023 Notes Bank loans Olher taxation and social se¢urily Qlher creditors Accruals and deferred income 18 188,344 3,076 40,636 26,212 166,147 2,048 20,291 123,401 258,268 311,887 20 Credltors: amounts falllng due after mor8 Ihan one year 2024 2023 Notes Bank loans 18 2,342,297 2,626,899 21 Unrestricted funds The unrestricted funds of Ihe charity c￿MpriSe the unexpended balances of donations and grants which are not subject to specifiG conditions by donors and grantors as to how they may be used. These include désignated funds which have been sel aside out of unrestricted funds by the Iruslees for specific purposes. At 1 January 2024 Incoming resources Resources expended Gains and losses At31 Dècember 2024 General funds 10.176.453 1.413,015 (1,216.373) 67,842 10,440,937 -20- Doctjsign Envelopè ID.. 658F9871_488A-43FF-9775-IF3287143637 AFGHAN EKTA CULTURALIRELIGIOUS COMMUNITY CENTRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 21 Unrestricted funds {Continuedl Previous year: At 1 January 2023 Incomlng resources Resources expended Galns and losses At31 December 2023 Gener81 funds 10.301,343 1.541.183 (1,683.708) 17,635 10,176.453 22 Analysls of net assets beiween funds Unrestricted funds 2024 At 31 December 2024: Tangible assets Currenl assetsl{liabllitles) Long term liabilities 12,347.449 435,785 12,342,297) 10,440,937 Unrestrlctad fund8 2023 At 31 December 2023: Tangible assets Current assetsl