REGISTERED CHARITY NUMBER.. 1102555
REGISTERED COMPANY NUMBER.. 04614219
GNNET
GURU NANAK NISHKAM EDUCATION TRUST
ANNUAL REPORT OF THE
TRUSTEES & FINANCIAL
STATEMENTS
31 MARCH 2025

CONTENTS
Pages
Report of the Trustees
4t07
Statement of Trustees Responsibilities
Report of the Independent Auditors
9t012
Statement of Financial Activities
13
Statement of Financial Position
14
Statement of Cash Flows
15
Notes to the Financial Statements
16to29

111
li
ij.
Bhai Sahib Ji with Children and staff from Nishkam Nursery during visit to London
Westminster to celebrate Vaisakhi in the Houses of Parliament, April 2024

GNNET
Guru Nanak Nishkam Education Trust IGNNET) was
incorporated on 11 December 2002, and was
registered with the Charity Commission as a charity on
9 March 2004. GNNET is governed by the
memorandum and articles of association as a not-for-
profit organisation whose principle objective is the
provision of community wide academic education
underpinned by a Sikh multi-faith ethos in order to
advance spirituality, morality, ethics and social values.
GNNET has been created for the advancement of the
objectives of Guru Nanak Nishkam Sewak Jatha
IBirminghaml UK IGNNSJI in the field of education.
The specific projects to deliver the above public benefit
are described below-
Values based education helps to broaden the
curriculum and creates good human beings
Imparting Godly values empowers the young to be
virtuous and take civic responsibility
3. Creates employment opportunities and helps to
regenerate the local area
The whole ethos of volunteering encourages and
enables the community to contribute to rebuilding
the local area
Builds capacity of individuals, families and Ioc31
GNNSJ has a long established and clearly focussed
communities to be self sufficient
programme
communitv
investment
and 6. Provides
community
SUPPOrt,
regeneration. It devotes resources to promote social
community action and cohesion
and economic welfare with particular emphasis on
Encourages self-help and self-reliance within
education and community regeneration initiatives.
communities at collective and individual leve15
It has a multiplier effect li.e. creates a virtuous
cycle)..
Embedding values leads to positive attitudes in
young people
Volunteering promotes altruism
Virtuous actions help others
Creates
strong families and supportive
communities
9. Contributing to the Government's social action
initiatives such as the 'Big Society, agenda,
National Citi2en Service and International Citizen
Service.
10. Education is the best investment for the future, it
facilitates engagement and partnerships with
other or8anisations
promotes
Eduratlon
Education from a Sikh perspective, should not be
limited to acquiring intellectual or technical knowledge
alone; it would include fostering contemplation.
wisdom and key values which underpin the nature of
economic, scientific, social and other advances.
GNNET and NST are means for GNNSJ to manage the
education programmes and support service provision
from nursery to funding university level programmes..
The new UN seventeen sustainable goals include the
provision of quality education, GNNET'S endeavours
will continue to support this overarching goal.
Education is a fertile arena for drawing out and
cultivating key humanlspiritual values in young children
to nurture them as good human beings. In a world so
troubled by ignorance, misconceptions and hostilitie5
based on religious identity,. the development of a
sound model for interfaith education is imperative.
11,
Pre-school- World Book day event

THE TRUSTEES REPORT
The Trustees present their report with the financial OBJECTIVES AND AcfiviTIES
statements of the charity for the year ended 31 March Significant artivities
2025. The Trustees have adopted the provisions of The principal activities during the year were the operation
Accounting and Reporting by Charities: Statement of
of three full day care nursery's and also that of a 25%
Recommended Practice applicable to charities preparing holding in its subsidiary Nishkam Security Limited.
their accounts in accordance with the Financial Reporting
Standard applicable in the UK and Republic of Ireland IFRS The following is a summary of the education initiatives:
1021 leffettive l January 2019).
The groundwork for a Voluntary Aided Primary School
was initially supported through GNNET which paved
the way for Nishkam School Trust to establish 4 Sikh-
ethos multi-faith Free Schools.
In September 2009 opening a Full Day Care Nursery.
The nursery was approved by Ofsted for 58 full time
places and continues to be heavily over-subscri bed.
Supporting the preparatory work to open a new
nursery in Wolverhampton in September 2015.
Supporting the opening of a new Nishkam Nursery in
Leeds in September 2021.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
04614219 IEngland and Wales)
Registered Charity number
1102555
Prlnclpal Address
18 -20 Soho Road Handsworth Birmingham B2198H
Trustees
8hai Sahib, 8hai (Profl Mohinder Singh Ahluwalia. KSG,
OBE, Chairman
Mr Jarnail Singh Bhinder
Mr Parvinder Singh
GNNET has contributed to the following GNNSJ education
endeavours
Establishing Lectureship at University of Birmingham of
MPhil & PhD in Sikh Studies12000-20051
Post-Doctoral Research on Religion, Civil Society and
the United Nation5 Religions for Peace Building
initiative.
Supporting Nishkam School Trust in the development
of 4 Sikh-ethos multi-faith Schools
Facilitating the partnership between UOB Jubilee
Centre for Character and Virtues and the Nishkam
Schools.
Peace Charter for Forgiveness and Reconciliation
Proposed Museum of World Religions
Supporting Religions and Peace lectureships
Audltors
BSN Chartered Accountants
38 Swallowfield Courtyard
Wolverhampton Road
Oldbury
West Midlands B69 21G
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governlng document
The charity is controlled by its governing document, a
deed of trust, and constitutes a charitable trust.
Risk management
The Trustees attively review the major risks which the
Charity faces on a regular basis and believe that
maintaining reserves at current levels, combined with an
annual review of the controls over key financial systerns,
will provide sufficient resources in the event of adverse
conditions. The Trustees have also examined other
Principal Funding Source
operation31 and business risks faced by the Charity and The Charities principal funding Source arrives from
confirm that they have established system5 to mitigate
government funding for education and childcare.
the risks.
FINANCIAL REVIEW
Reserves policy
The present level of funding is adequate to support the
continuation of the current activities.
Transactions and financial position
The Statement of Financial Activities shows net surplus of
£38,848 for the year as the new Nishkam Nursery Leeds
establishes itself. The Balance Sheet shows total reserves
of £874,782.
Going concern
The accounts have been prepared on the basis of being
going concern. The Trustees confirm that they have taken
into account all available information about the future for
at least 12 month from the date the accounts were
approved and conclude there is no uncertainty relating to
going concern.

THE TRUSTEES REPORT
STRUCTURE, GOVERNANCE AND MANAGEMENT (Cont.)
Public benefit
GNNET carries out a wide range of attivities in pursuance of its charitable aims. The trustees consider that these
activities, summarised below. provide benefit both to those who attend the GNNET educational sites and the wider
communities it serves. The nurseries continue to be in high demand with waiting lists for Nishkam Nursery Birmingham.
Pay policy for senior staff
All directors give of their time freely and no director received remuneration in the year.
The pay of senior staff is reviewed annually and normally increased in accordance with average earnings.
Investment Pollcy
Aside from retaining an adequate reserves each year most of the charitls funds are to be spent in the short term. The
charity has therefore not considered any plans for long term investments.
Recruitment and Appointment of Mana8ement Commlttee
The directors of the company are also charity trustees for the purposes of charity law and under the company's Articles
are known as members of the Management Committee. Under the requirements of the Memorandum and Articles of
Association the minimum and maximum members of the Management Committee shall be determined by the company
in Annual General Meetin& but until so fixed there shall be no maximum number and the minimum number of
members of the council shall be two. All member of the Management Committee give their time voluntarily and
received no benefits from the charity.
Related Parties
The charity set out its related party transaction in note 27 of the financial statements.
Kirtan class {11,. Fire station event Irl

Nishkam Nursery Provision
Nishkam Nursery- Full Day Care Nursery- Birmingham
Nishkam Nursery- Full Day Care-wolverhampton
In September 2009 GNNET opened a Full Day Care
In September 2015 GNNET opened a Full Day Care
Nursery at I Soho Road, Handsworth. During a six-
Nursery in Wolverhampton following the success of the
month period from March 2009 skilled volunteers and Nishkam primary. Currently the Nursery utilises the
craftsman renovated the building in record time.
premises of the Nishkam Primary School which has the
Originally built in 1865 as a private residence it was first
capacity given it is growing incrementally year on year.
used 35 a War time Nursery in 1944.
During a three-month period from June 2015 skilled
volunteers renovated the nursery area in record time
Thi5 thriving Nursery is now providing much needed for the opening in September 2015.
faith inspired education and high quality childcare for
local young children. quality employment and training This Nursery is now providing much needed faith
for local people, within a greatly renovated building
inspired education and high quality childcare for 34
which had previously been left empty and unused.
local young children, quality employment and training
for local people, within a great community
atmosphere.
Given the continuin8 popularity and reputation of the
Nursery, being oversubscribed. with the number of
children wishing to register being in excess of capacity Nishkam Nursery Birmingham and Nishkam N ursery in
for a number of years, a new building was sought.
Wolverhampton have both received good Ofsted
GNNSJ volunteers tirelessly contributed to the
ratings at the last inspections.
refurbishment of another Grade 11 listed premises
nearby to the original location, as well as substantial Strong leadership and effective supportforstoffs
groundworks to create an elevated much expanded profe55ional development hove enabled the setting to
playground and undercover parking area.
mointoin it5 good-quolity service since the last
inspection.
The New Nishkam Nursery building was opened to the
Sangat with a Keertan program held in the newly Nishkam Nursery- Full Day Care Nursery- Leeds
renovated building. Hundreds of Sangat members
came together to mark this momentous occasion. The
building offers more space for enhanced learning
activities. As well as a much larger outdoor play area
and new kitchen dinin8 facilities.
Nishkam Nursery Leeds opened in September 2021. in
a new purpose build facility within the site of the
Gurdwara Sahib (Sikh Place of Worship).
The nursery provides multi-agency. faith-based
childcare services for families and children aged 6
weeks to 5 years from 8am to 6pm.
Birmingham
Wolverhampton
Leeds
Baby
37
Toddler
31
21
io
Preschool
55
39
17
TOTAL
123
66
27

GURU NANAK NISHKAM EDUCATION TRUST
Report of the Trustees
for the year ended 31 March 2025
STATEMENT OF TRUSTEES RESPONSIBIUTIES
The trustees (who are also the directors of Guru Nanak Nishkam Education Trust for the purposes of
company law} are responsible for preparing the Report of the Trustees and the financial statements in
accordance with applic3ble law and United Kingdom Accounting Standards {United Kingdom Generally
Accepted Accounting Practice), including Financial Reporting Standard 102 "The Financial Reporting
Standard applicable in the UK and Republic of Ire13nd"
Company law requiies the trustees to prepare financial statements for each financial year which give a true
and fair view of the state of affairs of the charttable company and of the incoming resources and application
of resources, including the income and expenditure, of the tharitable company for that period. In preparing
those financial statements, the trustees are required to-
select suitable accounting policies and then apply them consistently;
observe the methods and principles in the Charity SORP-
make judgements and estimates that are reasonable and prudent;
state whether applicable accounting stsndards have been followed, subject to any material departures
disclosed and explained in the financial statements;
prepare the financial statements on the going concern basis unless it is Inappropriate to presume that the
charltable company will continue in business.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy
at any time the tinancial position of the charitable company and to enable them to ensure that the financial
statements comply with the Companies Act 2006. They are also responsible foi safeguarding the assets of
the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and
other irregularities.
In so far as the trustees are aware.,
there Is no relevant audit information of which the charitable company's auditors are unaware. and
the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audlt
information and to establish that the auditors are aware of that information.
AUDITORS
The auditors. B5N Chartered Accountants, will be proposed for re-appointment at the forthcoming Annual General
Meeting.
Report of the trustees, incorporating a strategic report, approved by order of the board of trustees. as the
company direttors, on ..&.Q.GlotJor.ZQ2&.. and signed on the board's behalf by:
Bhai Sahib, Bhai {Profl Mohinder Singh Ahluwalia. KSG. OBE. Chairman

Guru Nanak Nishkam Education Trust
Company Limited by Guarantee
Independent Auditor's Report to the Members of Guru Nanak Nishkam
Education Trust
Year ended 31 March 2025
Oplnlon
W8 have audited the financial ststements of Guru Nanak Nishkam Education Trust {the 'charitable
company,) for the year ended 31 March 2025 which comprise the statement of financial activities
(including income and expenditure a¢count), statement of financial position, statement of cash flows
and the related notes, including a summary of significant accounting policies. The financial reporting
framework that has been applied in their preparation is applicable law and United Kingdom Accounting
Standards, including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of
Ireland (United Kingdom Generally Accepted Accounting Practi￿).
In our opinion the financial statements..
give a true and fair view of the state of the charitable company's affairs as at 31 March 2025 and
of its incoming resources and application of resources, including its income and expenditure, for
the year then ended.,
have been properly prepared in accordance with United Kingdom Generally Accepted
Accounting Practice;
have been prepared in accordance Vlith the requirements of the Companies Act 2006.
8asls for oplnlon
We conducted our audit in accordance with Intemational Standards on Auditing (UK) (ISAS (UKI) and
applicable law. Our responsibilities under those standards are further described in the auditor's
responsibilities for the audit of the financial statements section of our report. We are independent of
the charitable company in accordance with the ethical requirements that are relevant to our audit of
the financial statements in the UK, including the FRC'S Ethi￿1 Standard, and we have fulfilled our
other ethical responsibilities in accordance with these requirements. We believe that the audit
evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Concluslons relatlng to golng concern
In auditing the financial statements, V￿ have concluded that the trustees, use of the going concern
basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have perfonned, we have not identrfied any material uncertainties relaling to
events or conditions that, individually or colledively, may cast significant doubt on the charitable
company's ability to continue as a going concem for a period of at least twelve months from when the
financial statements are authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concem are described
in the relevant sections of this report.

Guru Nanak Nishkam Education Trust
Company Limited by Guarantee
Independent Auditor's Report to the Members of Guru Nanak Nishkam
Education Trust(continued)
Year ended 31 March 2025
Other information
The other information comprises the information included in the annual report, other than the financial
statements and our auditor's report thereon. The trustees are responsible for the other infomiation.
Our opinion on the financial statements does not cover the other infomiation and, except to the extent
othe￿ISe explicitly stated in our report. we do not express any fomi of assurance conclusion thereon.
In connection with our audit of the financial statements, our responsibility is to read the other
information and. in doing so, consider whether the other information is materially inconsistent with the
financial statements or our knowledge obtained in the audit or otherwise appears to be materially
misstated. If we identify such material inconsistencies or apparent material misstatements. we are
required to determine whether there is a material misstatement in the financial statements or a
material misstatement of the other infomiation. If. based on the work we have performed, we conclude
that there is a material misstatement of this other infomation, we are required to report that fact.
We have nothing to report in this regard.
Oplnlons on other matters prescrlbed by the Companles Act 2006
In our opinion, based on the work undertaken in the course of the audit:
the information given in the trustees, report, ￿leh includes the director's report prepared for the
purposes of company law, for the financial year for which the financial statements are prepared is
consistent with the financial statements.. and
the director's r8POrt included within the trustees, report have been prepared in accordance with
applicable legal requirements.
Matters on whlch we are requlred to report by exceptlon
In the lighl of the knowledge and understanding of the charitable company and its environment
obtained in the course of the audit, we have not identffied material misstatements in the trustees,
report.
We have nothing to report in respect of the foll0v￿ng matters in relation to which the Companies Act
2006 requires us to report to you if, in our opinion..
adequate accounting records have not been kept, or retums adequate for our audit have not
been received from branches not visited by us- or
the financial statements are not in agreement V￿th the accounting records and returns; or
certain disclosures of trustees, remuneration specified by law are not made., or
we have not received all the information and explanations we require for our audit.
10

Guru Nanak Nishkam Education Trust
Company Limited by Guarantee
Independent Auditor's Report to the Members of Guru Nanak Nishkam
Education Trust(continuedJ
Year ended 31 March 2025
Responsibilities of trustees
As explained more fully in the trustees, responsibilities statement, the trustees (who are also the
directors of the charitable company for the purposes of company law) are responsible for the
preparation of the financial statements and for being satisfied thal they give a true and fair view, and
for such internal control as the trustees determine is necessary to enable the preparation of financial
statements thal are free from material misstaternent. whether due to fraud or error.
In preparing the financial statements, the trustees are responsible for assessing the charitable
company's ability to continue as a going concern, disclosing. as applicable, matters related to going
concern and using the going concem basis of accounting unless the trustees either intend to liquidate
the charitable company or to cease operations, Of have no realistic altemative but to do so.
Audltor's responslbllltles for the audlt of the flnanclal statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole
are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that
includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that
an audil conducted in accordance with ISAS (UK) will ahmays detect a material misstatement when it
exists Misstatements can anse from fraud or error and are considered material if, individually or in the
aggregate, they could reasonably be expected to influence the economic decisions of users taken on
the basis of these financial statements.
I￿egUlarities, including fraud, are instances of non-compliance with laws and regulations. We design
procedures in line with our responsibilities. outlined above, to detect material misstatements in respect
of irregularities, including fraud. The extent to which our procedures are capable of detecting
Ifregularilies, including fraud is detailed below:
Irregularities that result from fraud might be inherently more difficult than irregularities that result from
error, which gives rise to a risk of material misstatement. We are of the opinion that the planned audit
approach, the documentation and interrogation of the entity's controls means that the audit procedures
carried out were capable of detecting irregularities. including fraud. We have also reviewed financial
statement disclosures and tested these to supporting documentation to assess compliance with
applicable laws and regulations. We have audited the risk of management override of controls,
including through testing journal entries and other adjustments for appropriateness. and evalualing the
business rationale of significant transactions outside the nomial course of busine55. We have also
made enquiries of entity staff in tax and compliance functions to identify any instances of
non-compliance with laws and regulations and have reviewed correspondence with regulatory bodies
as part of our audit procedures.
As part of an audit in accordance with ISAS (UK), we exercise professional judgment and maintain
professional scepticism throughout the audit. We also..
Identify and assess the risks of material misstatement of the financial statements, whether due to
fraud or error, design and perfonn audit procedures responsive to those risks, and obtain audit
evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not
detecting a material misstatement resulting from fraud is higher than for one resulting from error,
as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override
of internal control.
11

Guru Nanak Nishkam Education Trust
Company Limited by Guarantee
Independent Auditorfs Report to the Members of Guru Nanak Nishkam
Education Trust (continued)
Year ended 31 March 2025
Obtain an understanding of internal control relevant to the audit in order to design audit
procedures that are appropriate in the circumstances. but not for the purpose of expressing an
opinion on the effectiveness of the intemal control.
Evaluate the appropriateness of accounting policies used and the reasonableness of accounting
estimates and related disclosures made by the trustees.
Conclude on the appropriateness of the trustees, use of the going concern basis of accounting
and, based on the audit evidence obtained. whether a material uncertainty exists related to
events or conditions that may cast significant doubt on the charitable company's ability to
continue as a going concern. If we conclude that a material uncertainty exists, we are required to
draw attention in our auditorfs report to the related disclosures in the financial slatements or, if
such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit
evidence obtained up to the date of our auditor's report. However, future events or conditions
may cause the charitable company to cease to continue as a going concem.
Evaluate the overall presentation, structure and content of the financial statements, including the
disclosures, and whether the financial statements represent the underlying transactions and
events in a manner that achieves fair presentation.
We communicate with those charged with govemance regarding. among other matters, the planned
scope and timing of the audit and significant audit findings, including any significant deficiencies in
internal control that we identify during our audit.
Use of our report
This report is made solely to the charitable 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 state to the charitable company's members those matters we are required to state to them in an
auditor's report and for no other purpose. To the fullest extent pemitted by law, we do not accept or
assume responsibility to anyone other than the charitable company and the charitable company's
members as a body, for our audit work, for this report. or for the opinions we have formed.
j￿ghts F(Jb f CQ4
Hannah Justice FCA FCCA (Senior Statutory Auditor)
For and on behalf of
BSN Associates Limited
Chartered accountants & statutory auditor
3B Swallowfield Courtyard
Wolverhampton Road
Oldbury
West Midlands
B89 2JG
Dated.. ts OLL-c)k)ef ZOL r
12

Guru Nanak Nishkam Education Trust
Company Limited by Guarantee
Statement of Financial Activities
(including income and expenditure account)
Year ended 31 March 2025
2025
Restricted
funds Total funds Total funds
2024
Unrestricted
funds
Note
Income and endowments
Donations and legacies
Charitable activities
Investment income
Other income
5.480
1,302,943
47,282
2,150
17,610
23,090
1,302.943
47.282
2.150
50,800
989,367
46,741
1,500
Total Income
1.357.855
17,610
1,375,465
1,088,408
Expenditure
Expenditure on charitable activities
Total expendlture
9,10
1,172,577
164,040
1,336,617
1,194,088
1,172,577
164,040
1,336,617
1.194,088
Net Incomel(expendlture)
185,278
1146,430)
38,848
(105,6801
Transfers be￿een funds
(30)
30
Net movement In funds
185.248
(146,400)
38,848
{105.680}
Reconclllatlon of funds
Total ftjnds brought foThvard
Totsl funds carrled forward
303.896
532.038
835,934
941,614
489,144
385,638
874,782
835,934
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
The notes on pages 16 to 29 forni partof these financial statements.
13

Guru Nanak Nishkam Education Trust
Company Limited by Guarantee
Statement of Financial Position
31 March 2025
2025
2024
Note
Fixed assets
Tangible fixed assets
Investments
16
17
548,435
704.983
548.436
704.984
Current assets
Debtors
Cash at bank and in hand
19
32,(E3
326.441
83.832
104,426
358.504
188.258
Creditors: amounts falling due wlthin one year
Net current assets
20
32.158
57,308
326.346
130,950
Total assets less current liabilities
874,782
835,934
Nèt assets
874,782
835,934
Funds of the charlty
Restricted funds
Unrestricted fvnds
385.638
489,144
532.038
303,896
Total charlty funds
22
874,782
835,934
These financial statements were approved by the board of trustees and authorised for issue on
6 October 2025
. and are signed on behalf oflh8 board by..
Bhai Sahib (Profj Mohinder Singh Ahluwalia, KSG, OBE
Chairman
The notes on pages 16 to 29 forn) part of these financial statements.
14

Guru Nanak Nishkam Education Trust
Company Limited by Guarantee
Statement of Cash Flows
Year ended 31 March 2025
2025
2024
Cash flows from operating activlties
Net in¢omel(expenditure)
38,848
{105,680)
Adjustments for
Depreciation of tangible fixed assets
Dividends, interest and rents from investments
Other interest receivable and similar income
Accrued {income)lexpenses
206,514
146,741)
(5411
(14,498)
69,230
146,741)
1,718
Changes in..
Trade and other debtors
Trade and olher creditors
51,789
(10.652)
224,699
(25,899)
10,102
Cash generated from operations
(97,2701
Interest received
541
Net cash froml(used in) operating activities
225,240
(97,2701
Cash flows from Investlng actlvltles
Dividends, interest and rents from investments
Purchase of tangible assets
Net cash (used in)fftom investing activities
46,741
(49.966)
(3,225)
46,741
(1,2111
45,530
Net Increasel(decreasel in cash and cash equlvalents
Cash and cash equlvalents at beglnnlng of year
Cash and cash equlvalents at end of year
222,015
104.426
{51,740)
156,166
326,441
104,426
The notes on pages 16 to 29 fomi part of these financial ststements.
15

Guru Nanak Nishkam Education Trust
Company Limited by Guarantee
Notes to the Financial Statements
Year ended 31 March 2025
General inforniatlon
The charity is a public benefit entity and a private company limited by guarantee, registered in
England and Wales and a registered Charity in England and Wales. The address of the
registered office is 18-20 Soho Road, Handsworth, Bimiingham, 821 98H.
Statement of compliance
These financial statements have been prepared in compliance with FRS 102, 'The Financial
Reporting Standard applicable in the UK and the Republic of Ireland,, the Statement of
Recommended Practice applicable to charities preparing their accounts in accordance with the
Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (Charities
SORP (FRS 102)) and the Compani8s Act 2006.
Accountlng pollcles
Basls of preparatlon
The financial statements have been prepared on the historical cost basis, as modified by the
revaluation of certain financial assets and liabilities and investment properties measured at fair
value through income or expenditure.
The financial statements are prepared in sterling. which is the functional currency of the entity.
Golng concern
There are no material uncertainties about the charity's ability to continue.
Judgements and key sources of estlmatlon uncertalnty
The preparation of the financial statements requires management to make judgements,
estimates and assumptions that affect the amounts reported. These estimates and judgemenls
are continually reviewed and are based on experience and other factors, including expectalions
of future events that are believed to be reasonable under the circumstances.
Income tax
The charity is exempt from corporation tax on its charitable activities.
Fund accountlng
Unrestricted funds are available for use at the discretion of the trustees to further any of the
charity's purposes.
Restricted funds are subjected to restrictions on their expenditure declared by the donor or when
fund5 are raised for particular restricted purposes.
16

Guru Nanak Nishkam Education Trust
Company Llmited by Guarantee
Notes to the Financial Statements (contlnueo)
Year ended 31 March 2025
Accounting policles (¢onlinuedJ
Incomlng resources
All incoming resources are included in the statement of financial activities when entitlement has
passed to the charity,. it is probable that the economic benefits associated with the transaction
will flow to the charity and the amount can be reliably measured. The following specific policies
are applied to particular categories of income:
income from donations or grants is recognised when there is evidence of entitlement to the
gift, receipt is probable and its amount can be measured reliably.
legacy income is recognised when receipt is probable and entitlement is established.
income from donated goods is measured at the fair value of the goods unless this is
impractical to measure reliably, in which case the value is derived from the cost to the donor
or the estimated resale value. Donated facilities and services are recognised in the
accounts when re￿iVed if the value can be reliably measured. No amounts are included for
the contribution of general volunteers.
income from contrads for the supply of services is recognised with the delivery of the
conlracted service. This is classified as unrestricted funds unless there is a contractual
requirement for it to be spent on a particular purpose and returned if unspent, in which case
it may be regarded as restricted.
Resources expended
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any
VAT which cannot be fully recovered, and is dassified under headings of the statement of
financial activities to which it relates..
expenditure on raising funds includes the costs of all fundraising activities, events,
non-charitable trading activities, and the sale of donated goods.
expenditure on charitable activities indud8s all costs incurred by a charity in undertaking
activities that further its charitable aims for the benefit of its beneficiaries, including those
support costs and costs relating to the govemance of the charity apportioned to charitable
activities.
other expenditure includes all expenditure that is neither related to raising funds for the
charity nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resour￿. Dired costs
attributable to a single activity are allocated directly to that activity. Shared costs are apportioned
be￿een the activities they contribute to on a reasonable. justrfiable and consistent basis.
Operating leases
Lease payments are recognised as an expense over the lease term on a straight-line basis. The
aggregate benefil of lease in￿ntiveS is recognised as a reduction to expense over the lease
term, on a straight-line basis.
17

Guru Nanak Nishkam Education Trust
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2025
Accountlng policles {continu8d)
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any
accumulated depreciation and impairment losses. Any tangible assets carried at revalued
amounts are recorded at the fair value at the date of revaluation less any subsequent
accumulated depreciation and subsequent accumulated impairment losses.
Depreclatlon
Depreciation is calculated so as to write off the cost or valuation of an asset. less its residual
value, over the useful economic life of that asset as follows..
Short leasehold propety
Fixtures and fittings
40A straight line or life of lease
250k straight line
Investments
Unlisted equity investments are initially recorded at cost, and subsequently measured at fair
value. If fair value cannot be reliably measured, assets are measured at cost less impairment.
Listed investments are measured at fair value with changes in fair value being recognised in
income or expenditure.
Investments In assoclates
Investments in associales accounted for in accordance with the cost model are recorded at cost
less any accumulated impairment losses.
Investments in associales accounted for in accordance wilh the fair value model are initially
recorded al the transaction price. At each reporting date, the investments are measured at fair
value, with changes in fair value taken through income or expenditure. Where it is impracticable
to measure fair value reliably without undue cost or effort, the cost model will be adopted.
Dividends and other distributions received from the investment are recognised as income without
regard to whether the distributions are from accumulated profits of the associate arising before or
after the date of acquisition.
Impalrnient of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable
amount being estimated where such indicators exist. Vthere the carrying value exceeds the
recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for
possible reversal at each reporting date.
For the purposes of impaimient testing. when it is not possible to estimate the recoverable
arnount of an individual asset, an estimate is made of the recoverable amount of the
¢ash-generating unit to which the asset belongs. The cash-generating unit is the smallest
identifiable group of assets that includes the asset and generates cash inflows that largely
independent of the cash infiows from other assets or groups of assets.
18

Guru Nanak Nishkam Education Trust
Company Limited by Guarantee
Notes to the Financial Ststements (Continued)
Year ended 31 March 2025
Accounting policies (¢onllftued)
Impaimient of flxed assets (continu
For impaimient testing of goodwill, the goodwill acquired in a business combination is, from the
acquisition date, allocated to each of the cash-generating units that are expected to benefit from
the synergies of the combination, irrespective of whether other assets or liabilities of the charity
are assigned to those units.
Flnancial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the
contractual provisions of the instrument.
Basic financial instruments are initially recognised at the amount receivable or payable including
any related transaction costs, unless the arrangement constitutes a financing transadion, where
it is recognised at the present value of the future payments discounted at a market rate of
interest for a similar debt instrument.
Current assets and cu￿ent liabilities are subsequently measured at the transaction price less any
impairment or other consideration expected to be paid or received and not discounted.
Debt instruments are subsequently measured at amortised cost.
Deflned contrlbutlon plans
Contributions to defined contribution plans are recognised as an expense in the period in which
the related service is provided. Prepaid contributions are recognised as an asset to the extent
that the prepayment will lead to a reduction in future payments or a cash refund.
When contributions are not expected to be settled wholly within 12 months of the end of the
reporting date in which the employees render the related service. the liability is measured on a
discounted present value basis. The unwnding of the discount is recognised as an expense in
the period in v4hich it arises.
Llmlted by guarante•
The charity is a company limited by guarantee. The members of the company are the trustees
named on page 1. In the event of the charity being wound up, the liability in respect of the
guarantee is limited to £1 per member of the charity.
Donatlons and legacles
Unrestricted
Funds
Restricted Total Funds
Fund5
2025
Donations
Donation of services
5,480
5,480
19

Guru Nanak Nishkam Education Trust
Company Limited by Guarantee
Notes to the Financial Ststements (continuedj
Year ended 31 March 2025
Donations and legacies (continued)
Unrestricted
Funds
Restricted Total Funds
Funds
2025
Grants
Educational research venture
17.610
17,610
5,480
17,610
23,090
Unrestricted
Funds
Restricted Total Funds
Funds
2024
Donations
Donation of services
Grants
Educational research venture
50.800
50,800
50,800
50,800
Charltable actlvltles
Unrestricted Total Funds Unrestricted Total Funds
Funds
2025
Funds
2024
Nursery fees- parental contribution
Nursery fees- earfy years government
funding
400,639
400,639
441,303
441,303
902,304
902,304
548,064
548,064
1,302,943
1.302,943
989,367
989,367
Investment Income
Unrestricted Totsl Funds Unrestricted Total Funds
Funds
2025
Funds
2024
Rents receivable
Other interest receivable
46.741
541
46,741
541
46,741
46,741
47,282
47,282
46,741
46,741
Other Income
Unrestricted Total Funds Unrestricted Total Funds
Funds
2025
Funds
2024
Other income
2,150
2,150
1,500
1.500
20

Guru Nanak Nishkam Education Trust
Company Limited by Guarantee
Notes to the Financial Statements (Coniinued)
Year ended 31 March 2025
Expenditure on charilable activities by fund type
Unrestricted
Funds
Restricted Total Funds
Funds
202S
Provision of nursery care
Support costs
1,104,008
68,569
164,040
1,268,048
68,569
1,172,577
164,040
1,336,817
Unrestricted
Funds
Restricted Total Funds
Funds
2024
Provision of nursery care
Support costs
1,021.523
76,565
96.000
1,117,523
76,565
1,098,088
96,000
1,194,088
10. Expenditure on charltable actlvltles by actlvlty type
Activities
undertaken
directly Support costs
Total funds
2026
Tolal fund
2024
Provision of nursery care
Govemance costs
1,268,048
61,823
6,746
1,329,871
6,746
1,186,754
7,334
1,268.048
68,569
1,336,617
1,194,088
11. Analysls of support costs
Support costs
- Nursery
Care Total 2025 Total 2024
Staff costs
Premises
General office
7.548
46.741
7.534
7,548
46,741
7,534
22,490
46,741
61,823
61,823
69,231
12. Nel Incomellexpenditure)
Nel incomel{expenditure) is stated after ¢hargingl(crediting)=
2025
2024
Depreciation of tangible fixed assets
206,514
69,230
21

Guru Nanak Nishkam Education Trust
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2025
13. Auditors remuneration
2025
2024
Fees payable for the audit of the financial statements
5,100
5,100
14. Staff costs
The total staff costs and employee benefits for the reporting period are analysed as follows..
2025
2024
Wages and salaries
Social security costs
Employer contributions to pension plans
717.923
57,965
15.029
678,145
49,143
13,412
790.917
740,700
The average head count of employees during the year was 37 (2024.. 35). The average number
of full-time equivalent employees during the year is analysed as follows..
2025
No.
2024
No.
Nursery staff
37
35
No employee received employee benefits of more than £60,000 during the year (2024.. Nil).
15. Trustee remuneratlon and expenses
There were no trustees, remuneration or other benefits for the year ended 31 March 2025 {2024 -
£Nil).
There were no trustees, expenses paid for the year ended 31 March 2025 (2024 - £Nil).
22

Guru Nanak Nishkam Education Trust
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2025
16. Tangible fixed assets
Short
leasehold
property Fixtures and
mprovements
fittings
Total
Cost
At 1 April 2024
Additions
Disposals
At 31 March 2025
1.471,153
49,636
49,966
128,334)
71.268
1,520,789
49,966
{358,200)
1,212,555
(329,866)
1.141,287
Depreclatlon
At 1 April 2024
Charge for the year
Disposals
784,846
193,267
(329,866)
648,047
31,160
815.806
13,247
206.514
128.3341 {358.200)
16,073
664,120
At 31 March 2025
Carrylng amount
At 31 March 2025
493,240
55,195
548,435
At 31 March 2024
686,507
18,476
704,983
17. Inv8Stments
Other
Investmants
Cost or valuatlon
At 1 April 2024
Additions
At 31 March 2025
Impalrnient
At 1 Aprll 2024 and 31 March 2025
Carrying amount
At 31 March 2025
At 31 March 2024
All investments shown above are held at valuation.
23

Guru Nanak Nishkam Education Trust
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2025
18. Investment entities
Subsidiaries and other investments
Percentage of
Class of share shares held
Other significant holdings
Nishkam Security Limited
Ordinary
25
Nishkam Security Limited is a company registered in England and Wales. The company is a
security provider and its registered office is 18-20 Soho Road Handsworth, Birmingham, West
Midlands, B2198H.
19. Debtors
2025
2024
Trade debtors
Prepayments and accrued income
other debtors
25,980
4,189
1,894
60,685
15,609
7,538
32,063
83,832
20. Credltors: amounts falllng due wlthln one year
202S
2024
Trade creditors
Amounts owed to group undertakings
Accruals and deferred income
Social security and other taxes
Other creditors
11,748
17,799
2,631
19,598
13,467
3,813
5,100
13,541
1,769
32,158
57,308
21. Penslons and other post retlrement beneflts
Defined contribution plans
The amount recognised in income or expenditure as an expense in relation to defined
contribution plans was £15,029 (2024.. £13,412).
24

Guru Nanak Nishkam Education Trust
Company Limited by Guarantee
Notes to the Financial Statements (conlinued)
Year ended 31 March 2025
22. Analysls of charitable funds
Unrestricted funds
At
1 April 2024
At
Income Expenditure Transfers 31 March 2025
General funds
303,896
1,357,855 (1,172,577)
(30)
489,144
At
1 April 2023
At
Income Expenditure Transfers 31 March 2024
General funds
364.378
1.037.608 (1,098,088)
303,896
Restrlcted funds
At
1 April 2024
At
Transfers 31 March 2025
Income Expenditure
Property improvements
Fetzer fund
532,038
1146.400)
(17,640}
(164,0401
385,638
17,610
30
532,038
17,610
30
385,638
At
1 April 2023
At
Transfers 31 March 2024
Income Expenditure
Propety improvements
Fetzer fund
577,238
(45,200)
(50,800)
(96,000)
532,038
50.800
577,238
50,800
532,038
Restricted funds relate to grants and donations received that are to be used towards
improvements. These costs have been capitalised and the deprecialion in relation to this is being
allocated lo the fund each year.
The Fetzer fund were funds received for educational research which has been fully spent in the
year.
25

Guru Nanak Nishkam Education Trust
Company Limited by Guarantee
Notes to the Financial Ststements (continued)
Year ended 31 March 2025
23. Analysls of net assets between funds
Unrestricted
Funds
Restricted Total Funds
Funds
2025
Tangible fixed assets
Investments
Current assets
Creditors less than 1 year
Net assets
162,797
385,638
548,435
358,504
(32.1581
489,144
358.504
(32,158)
874,782
385,638
Unrestricted
Funds
Restricted Total Funds
Funds
2024
Tangible fixed assets
Investments
Cu￿ent assets
Creditors less than 1 year
Net assets
172.945
532.038
704,983
188.258
(57,308)
303,896
188,258
(57,308)
835,934
532.038
24. Flnanclal Instruments
Financial assets held by the charity are cash at bank, trade and other debtors.
Financial liabilities held by the charity are trade and other creditors.
26. Analysls of changes In net debt
At
At 1 Apr 2024 Cash flows 31 Mar 2026
Cash at bank and in hand
Debt due within one year
104.426
(2,6311
101,795
222,015
2,631
326,441
224,648
328,441
26. Operatlng lease commltments
The total ftjture minimum lease payments under non-cancellable operating leases are as follows..
2025
2024
Not later than 1 year
Later than 1 year and not later than 5 years
Later than 5 years
78,781
286,124
277,116
103,381
347,324
343,897
642,021
794,602
26

Guru Nanak Nishkam Education Trust
Company Limited by Guarantee
Notes to the Financial Ststements (conbnued)
Year ended 31 March 2025
26. Operating lease commitments (continued)
Part of the operating lease commitment relates to the lease of &7 Soho Road from Guru Nanak
Nishkam Sewak Jatha {Bimiingham) UK. The premises are sublet to Nishkam School Trust for
the same annual rent.
27

Guru Nanak Nishkam Education Trust
Company Limited by Guarantee
Notes to the Financial Statements (contlnueo)
Year ended 31 March 2025
27. Related parties
During the year the following connected parties and transactions were identified..
Guru Nanak Nlshkam Sewak Jatha Blrmlngham (UK)
A charitable company in which trustees Mohinder Singh Ahluwalia and J Singh Bhinder were
trustees and directors. Guru Nanak Nishkam Education Trust holds a leasehold interest for the
freehold of 5 to 7 Soho Road held by Guru Nanak Nishkam Sewak Jatha (Birminghaml UK.
Guru Nanak Nlshkam Sewak Jatha Leeds
A sister organisation of Guru Nanak Nishkam Sewak Jatha (Bimingham) UK
Marg Sat Santokh Manufacturers Llmlted
A company in which the trustees Mohinder Singh Ahluwalia and J Singh Bhinder are directors.
Nlshkam Clvlc Assoclatlon
A charitable company in which the trustees, P Singh Jhutti and J Singh Bhinder were trustees
and directors Bhai Sahib Mohinder Singh Ahluwalia is a Patron.
Nlshkam Healthcare Trust
A charity and its subsidiaries which share a common subsidiary with Guru Nanak Nishkam
Education Trust in Nishkam Security Limited and in which Bhai Sahib Mohinder Sin9h Ahluwalia
is a Patron.
Nlshkam Schools Multl Academy Trust
A charily in which the trustee Mohinder Sin9h Ahluwalia was the patron.
Nlshkam Securlty Llmlted
A 25°/0 owned subsidiary of Guru Nanak Nishkam Education Trust.
Sangat Trust
A Gharitable company in which the trustee Mohinder Singh Ahluwalia has been a truslee.
During the year the followng related paty transactions occurred
2025
2024
Guru Nanak Nishkam Sewak Jatha Binningham
Rent paid
Nishkam Schools Multi Academy TNst
Rent paid
Recharged utilities
Provision of lunches
Rent Received
Guru Nanak Nishkam Sewak Jatha Leeds
Rent paid and utilities
Nishkam Security Limited
Purchases of services
71,341
71,341
12,000
24,797
6,000
46.741
12,000
11,444
6,074
46,741
29,745
26,720
16,440
12,905
28

Guru Nanak Nishkam Education Trust
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2025
At the year end the charity owed and was owed the following sums to related parties
2025
2024
Nishkam Schools Multi Academy Trust
Debtor
Creditor
Nishkam Security Limited
Creditor
Guru Nanak Nishkam Sewak Jatha Leeds
Creditor
7,538
2,632
4,364
1,370
970
28. Controlllng party
The Trustees consider that the charity is jointly controlled by the Trustees and there is no
ultimate controlling party.
29

GNNET
30