REGISTERED CHARITY NUTr￿￿R. 1118356 Reportof the Trustee5 Flnanclal Stat¢m¢nts for the Yewr Ended 31 Mareh 20Z4 for LONDON SIKH CENfRE (EALING) Sagoo & Co Churtered Accountaiils 63 The Grove Ealing London W5 5LL LONDOli SllkH CENTRE IEALINGI Reporl of the Truste¢5 F'OR THE YEAR E*DED31 11lARCH 21124 The trust¥¢% pre%cnt their rcpon ii'ith th¢ linan¢i&l siateiknimts of th¥ iharity for the ycor Lnded 31 March )0?4 The rrusiccs havc adopted tlle provisions of ilcLouniing and R¢iM)niiig by Cliariiics.. Siatcmcnr ol. R¥iumm¢t¥l￿ Practicc appltcable to charities preparing their accounls in accordance itrith the Financial Reporting Standard appllcable in the UK and Rcpublic ot'lreland (Fks I Ory I liFfeciik'C l Jiinui£ iv ?01 91. STRLICTURE, CA)I'ERNAYCE AND IIANAGEIIENT Goi'ernlug document The charity is controllLd by its ¥ui'crning d(Kumenl. a dccd ut trubt and LunstituL"% an LininLoiporatcd charity. REFEREt%CE AND.&D￿lIN1.gTIllT1￿.E DETAILS Registered Charity number 1118356 Principal Address sa￿'Yers Lane DrJyton Ilridge Road Wesi r.aling London W13 OJP Trustees RS Gidar Idc¢cascd 9.1141 GS Lhadha GS Ciujrnl CBE (deceased 3.3.?41 Lord R S Ran¥cr H S Aroro {appointed 2.1.6.?41 JS Arora {appoinled 2.9.24) Independellt Examiner MR Sukhdev Sa800 . Bsc . Msc , F.CA Sa800 & Co Chartered Accountants 63 Th¢ Grove Ealing London W5 5LL ?3 ApprovEd by orderof the board of trustees on............... Iz . Jnd signed on its bchalf by.. Trustcc Pagy I LONDON. SIKH CENTRE (EAUNG) Statèment of Fln74nciAI Activldes FOR THE YEAR ENDED 31 MARCH 2024 Unre8ttiCted flits R¢&irIL￿a fund Total fvDd% Total fvnds NotEs INCOMEAYD ENDOWMEWIS FROM Donations and legacie5 397.34J 361.981 EXPENDrr.tJRE ON Raiying fiinds 358.331 358.338 1 277,69.9 Othrr 1.664 01*1 360.￿2 360,00 277.699 NET INCOM 37.i42 37,341 84282 RECO,YCILIATION OF FUPIDS Total funds broughtfonvard 1,633,997 1,633.997 I,5315ll TQTAL FUNDS CARRIED FORWABD 1,6.71,339 ,671,339 1.615,793 The iiotbligatiDll ￿01177711111ng die charity to thar expcnditur& il iq probable Ihal a transfer of"¢conom(¢ bon¢fils will be requir￿ in SL tbe amoiiiit (If th¢ obligatioi) cali be Incasured reliably. Exp¢nditurc is accoiinttd for on an a¢cni Is basi5 and has been classified under headinb?S that agtr ryeJte all cost ielated 10 the ¢at¢sory, Where LU .% cannot be directly attributed to.particular headings Il)¢v liav¢ becn auoealed to aciiviiie5 on a basis ¢OllSiSliiil Iwiill Lhe use of rw)w'ces. T4ngible fLxed a55ets Deprèciation i& prov.ided at the folloivino ann￿81 rdtcs ITh order to writ¢ off Èo¢h as5Ct Dvcr its Csiiiniiled usthl lifé. FixturLS.and fittlngs l5°¥ry on reducing balan¢¢ T.axation Ilie charity. is exeniptfrom.tax on ils cliariiable activities. Fund accoumting Uwrstricl¢d funds catt be used in accordanc¢ witii th¢ ¢haritableobjeGtive$ at thc disc￿110￿ of the Lrultees. Restiiclgd funds can onlv be u&ed for particular Testrict¢d purpo$¢s iviibin the objects of Ilie charitv. R¢stri¢tions arisc when specified by tlic danor or wlkn lunds are rniscd forparticuiarTeslricted pLirpop$. Further eKplanation of th¢ naLurc and pu[￿b¥ of each fund is includ¢d im th¢ notes to"i&¢ f￿anCIal sta ￿m￿Ills, Pag¢ 5 ¢vr.tinue4L.. LONDON SIKH CENfRK (EALIYG). Notes to the Flnanolal Sta"t¢)ntnts- ¢ontinued FOR THE YEAR EN.DED 31 MARCH 2024 TANGIBLE FIXED ASSETS Fixtures Freehold ptoperry Plant and machinery fittings Tola14 C(XST At l April 2023 Dnd Ji Martb ?024 3.(188,208 7.848 36.583 ,132.639 DEPRECIATION At l April 2023 Chargo fol yeqr 1.177 1.001 35,955 1272 271 At 31 Ma￿h 2024 35,049 BOOKVALUE At 31 Ma￿h 2024 3 088.21)8 5,67Q .OQ.5,41? At 31 Mawh 2023 3,088.?08 6,671 ,1196,6S.' DEBTOIi4: AMouNfs FALLING DUE WITHIN ONE YEJiR 31.3.24 Prepaymcnls 2.631 CREDITORS: AMOUNTS FALI.ING DUE WLTHIN OYE VEAR BAnk lo?iis and overdral¢s (8¢¢ note 10> Trnde'crediiors Olher credklots 86,00.¢J 5,079 9J,079 CREtIITORS: Amotiwrs FALLING'DUE A￿ERMORE THAN ONE YEAR | 31.323 ,nis,475 39.3,150 1.428,625 Bank loa1￿ note 19) other creditors 393,1511 1.361.962 ontiiiu¢d.. LONDON SIKH CENTRE (EALING) Not&s ¢0 ¢h¢"Flnancial Statements- Conifnuéd FOR THE YEARTr.YDED 31 MARCH 2024 I IOVEMENT IN FUNDS - contlnued Comp*rativ¢s for movemellt In funds Net movemellt in lunds At 31.3.?3 Ai 1.4.L? UnTEStrICtL￿ lunds General fund 1,5.31,511 84,?82 ,615.793 TOTAL FUNDS ,531,511. 84.282 1,615.793 Comparative net mth'euw]i in fi]nd￿ It￿lud¢d in thc abov¢ ar¢ as follow5: Incoming resourc¢8 Rpsouw¢s expended ov¥riwnl in Cuii(L8 Unrestrl¢ted funds General fund 361.981 (277.699) 84,282 TOTAL FUNDS 361,981 (27.7.699) A current year 12 mornhs and prxor ycar ts months coinbiD¢d posit'ion is as t(Illows: Nct Ai 1.4.27 in ffiJnds 313.24 Llnrestrl¢ted fllDds .GeherBI fifftd 1,53lS11 121,624 .653.135 TOTAL FUNDS 1,531.511 121.624 ,653.13> A current year 12 months al￿ p.iior year 12 months combin.ed net movernent iff fund& uicluded tin the above r¢ as fDIlo￿.s: Ovknnienl UDrestrkted fvnds Gelleral fiuo 759.325 (637 701} TOTAL VUThDS 759,325 (637,701) 121.624 Page 9 ¥onlinued... LONDON 8IKII CENfRE (KALIIYG) Dètsikd Statement of Finan¢1￿ Actliitles FOR THE YEAR ENDED 31 MARCH 2024 31.3.24 31.3.23 INc0fvIE￿￿DE￿DOWMEWTs Donatlohs And legacfes Gifts Donation5 Gift aid (51 397J4i 308.890 53.092 361.981 Total Incomlllg resour¢ES 397,344 3013)81 EXPENDITURE Raisidg donAtioms #nd legades Inwrance Behty laiigw ¢04ts 97 86,131 L13.901 83.961 Computer. expen5CS 832 .Support ¢05¢8 Manth%emeat Wages Rates tiid ivater Light and hEal Telepbone. CleaThing Expenses RepAirn & rellewais Depn-Fixt & Fills Donalions Professional Fess Depn-P&M SUb￿riptions }02.6? j 702 48.279 77,978 439 3,348 34,892 1.496 J2 950 35.?90 ?7J 83? 950 I,ooi 648 199.417. I.45.102 Flnthnte 21 39.516 Bank loan intetst 67.946 67992 39.537 oiher 9,09Y To.tal resources expended J60.002 1 277.699 Net Income 4,282 This trAgt d(Scs nol. fc>nnT￿l of"Ihe slatutory. fillADcial staten￿n[S Pagell