REGISTERED CHARITY NUMBER: 1126726 Re ort of the Trustees and Financial Statements for the Year Ended 31 March 2025 for Sri Guru Sin h Sabha Slou
Contents of the Financial Statements for the Year Ended 31 March 2025 Page Report of the Trustees 2-11 Report of the Independent Auditors 12-15 Statement of Financial Activities 16 Balance Sheet 17 Cash Flow Statement 18 Notes to the Cash Flow Statement 19 Notes to the Financial Statements 20-29
Re ort of the Trustees for the Year Ended 31 March 2025 REFERENCE AND ADMINISTRATIVE DETAILS Registered Charlty number 1126726 Worship number 74900 Marriage reference number 39464 Principal address Wexham Court, Sheehy Way, Slough, Berkshire, SL2 SSS Trustees President Vice President General Secretary stage Secretary Treasurer Bagga Singh Kainth Balwinder Garcha Rapinder Singh Padda Sirtaj Singh Baljinder Singh Johal (re-appointed 06.04.25) (re•appointed 06.04.25) (re-appointed 06.04.25) (re-appointed 06.04.25) (re-appointed 06.04.25) Board Members Surinderjit Singh Sandhu Manjit Singh Dhindsa Manpreet Singh Budwhal Gurcham Singh Surjit Singh Lalli Jagtar Singh Sahota Gurmail Singh Sahota Sandeep Singh Jatinderpal Singh Sihota Harbans Singh Kainth {re-appointed 06.04.25) (re-appointed 06.04.25) (re-appointed 06.04.25) (re-appointed 06.04.25) (re-appointed 06.04.25) (re-appointed 06.04.25) (re-appointed 06.04.25) (re*appointed 06.04.25) (re-appointed 06.04.25) (re-appointed 11.05.25)
Sri Guru Sin h Sabha Slou Re ort of the Trustees for th Year Ended 31 March 2025 continued Auditors Johnsons Chartered Accountants Ground Floor, 1-2 Craven Road, Ealing, London, W5 2UA Banker Barclays Bank PIC 1 Churchill Place, London, E14 5HP Solicitors Ardale Brown Princes House, 9-15 High Street, Slough, Berkshire, SL1 1 DY SurveyorslProperty Consultants Glenn Fegg & Co. 234 Trelawney Avenue, Langley, Slough, Berkshire, SL3 7UD
Sri Guru Sin h Sabha Slou ort of the Trustees for the Year Ended 31 March 2025 continued The trustees present their report with the financial statements of the charity for the year ended 31 March 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities: 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 (FRS 102) (effective 1 January 2019). Sri Guru Singh Sabha Slough is a well-established institution serving the Sikh community in Slough and the surrounding areas. As an unincorporated association governed by a deed of trust and a constitution, the charity has consistently upheld its commitment to the Sikh faith while making a significant contribution to the welfare of the wider public. The report aims to provide a comprehensive review of the charity's activities. governan, and financial performance over the past year. It reflects on the achievements made in advancing the charity's public benefit, highlights the ongoing challenges, and outlines plans for future growth and improvement. The trustees have worked diligently to ensure that the Sabha operates in a transparent, efficient, and inclusive manner, in line with its guiding principles and the requirements of the Charty Commission. This year, the Sabha has undertaken a range of instiatives to meet the spiritual, educational, and social needs of the community. These include expanding its programs for youth and families, enhancing the facilities at the Gurdwara, and strengthening its safeguarding and governance frameworks. The trustees have also prioritised the sustainability of the charity's operations, ensuring that resources are managed responsibly and that the Sabha continues to thrive despite extemal challenges. 1.0 STRUCTURE, GOVERNANCE AND MANAGEMENT Sri Guru Singh Sabha, Slough is an unincorporated association and governed by a deed of trust and a constitution adopted on 30 November 2006. It was registered with the Charity Commission in November 2008 and operates under the provisions of the Charities Act 2011. The govemance structure ensures accountability and transparency in all aspects of its operation. The managing committee is responsible for the charity's overall management and administration. This committee comprises elected trustees who hold office for a term of two years. The election process, conducted in accordance with the constitution, ensures the inclusion of members with diverse skills and experiences to effectively guide the charity's work. The Executive Committee meets monthly to discuss and make decisions on the operational and strategic direction of the charty. Subcommittees are established as required to oversee specific areas, such as finance, safeguarding, and building maintenance, and these subcommittees report directly to the Managing Committee.
Re ort of the Trustees for the Year Ended 31 March 2025 continued 1.1 Trustee Recruitment and Induction Trustees are elected from the rnembership of the Gurdwara through a structured election proTrss. All candidates are required to meet the eligibility criteria outlined in the constitution, which indudes a commitment to the Sikh faith and its principles. New trustees undergo an induction prOsS to familiarise themselves with their roles and responsibilities, the charity's governing documents, and relevant legal obligations. 1.2 Management Practices The charity operates with a clear distinction between governance and operational management. While the trustees oversee governance and strategic direction. day-to-day operations are managed by dedicated staff and volunteers under the supervision of the General Secretary and President. The constitution mandates regular review of policies and procedures to ensure Complian with best practices and legal requirements. Key governance measures include: Safeguarding policies to protect children and vulnerable adults. Financial controls to ensure proper use of funds and accountability. Annual risk assessments to identify and mitigate potential challenges. 1.3 Accountability The trustees are committed to maintaining transparency in all aspects of govemance. The minutes of meetings, key decisions, and updates are communicated to the congregation and stakeholders, reinforcing the charity's dedication to accountabilty and openness. By maintaining a robust governance structure, Sri Guru Singh Sabha Slough ensures that it continues to operate effectively and serves the community in alignment with its objectives and values. 2.0 OBJECTIVES AND ACTIVITIES The objectives of the charity are to advance the Sikh religion through Sri Singh Sabha Slough Gurdwara. The objects as defined by the charity's goveming document are summarised as follows: 'to promote and develop Sikh religion. promote and develop Punjabi language, Gurmukhi script and Punjabi culture. To organise sports etc. for the physical and mental development of Sikh boys and girls to save Sikh religion from fraud saints and guru's who change forms. To support and stand for the country and religion in order to uproot all obstacles and problems. All rules and regulations the Shromani Gurdwara Prabandak Committee Shri Amritsar has made till now or will make in future will be obeyed by the organisation. The organisation will lead followers in case of any problems faced by the country. The primary aim of Sri Guru Singh Sabha Slough is to advan the Sikh faith while fostering community welfare and inclusivity. The charity operates by Sikh principles. ensuring its services benefit both the Sikh community and the wider public. The objectives of the charity, as outlined in its goveming constitution, include: 2.1 Promotion of Sikh Religious Practices Conducting regular Sikh religious services, such as daily prayers, weekly congregations, and Gurpurab lebrations.
Re ort of the Trustees for the Year Ended 31 March 2025 continued Providing opportunities for individuals to deepen their understanding of Sikh teachings and spirituality through Gurbani recitation, Kirtan, and Katha. 2.2 Educational Initiatives Promoting knowledge of the Sikh faith and Punjabi language through classes. workshops, and seminars. Supporting cultural preservation by teaching Gurmat Sangeet (Sikh sacred music) and traditional practices, such as turban tying. 2.3 Provision of Community Seniices Offering Langar (free kitchen), which provides meals daily to all individuals regardless of religion, ethnicity, or background. Supporting matrimonial services, helping individuals and families within the Sikh community connect and build meaningful relationships. 2.4 Social and Cultural Engagement Organising youth activities. such as sports programs and summer camps, to promote physical, mental, and social development. Hosting cultural events and exhibitions to raise awareness of Sikh history and heritage, fostering pride and understanding within and beyond the Sikh community. 2.5 Interfaith and Community Cohesion Building relationships with other faith groups through dialogue, events, and collaborative initiatives aimed at promoting mutual understanding and hamiony. Addressing local issues and providing support during crises, reflecting Sikh principles of community service and welfare. Safeguarding and Inclusivity Ensuring a safe and inclusive environment through comprehensive safeguarding policies for children, vulnerable adults, and all participants in Sabha activities. Promoting equality and access to opportunities for all members of the community. Through these objectives, Sri Guru Singh Sabha Slough remains committed to its role as a spiritual. educational, and cultural hub guided by Sikh values and principles. The charity's work is centred on enriching the lives of individuals and strengthening the broader community. 3.0 ACHIEVEMENTS AND ACTIVITIES Over the past year, Sri Guru Singh Sabha Slough has achieved significant milestones in its mission to serve the community and advance the Sikh faith. These accomplishments reflect the tireless efforts of the trustees, volunteers. and the congregation. Below is a summary of key achievements and activities during the reporting period:
Re ort of the Trustees for the Year Ended 31 March 2025 continued 3.1 Religious and Spiritual Activities Upgrades.. Gym with new machines and flooring., refurbished ladies, and gents, toilets; improved Gianis, accommodation (beds and spaces); purchased new car park with upgraded fencing; back Darbar Hall with new AC, roof, wall decoration and doors. Regular Services: The Gurdwara continued to host daily and weekly diwans, including Gurbani recitations, Kirtan, and Katha sessions, which provided spiritual nourishment to the Sangat. Special Events: Key religious celebrations such as Gurpurabs were observed with great devotion, drawing large numbers of participants from the local and wider community. 3.2 Infrastructure and Facilities Refurbished Toilets: To enhance the experience of visitors. the Gurdwara undertook a significant project to refurbish its toilets, ensuring they meet modem standards of hygiene and accessibility. Built Accommodation for Gianis: Dedicated rooms were constructed for the resident Gianis, providing them with comfortable and functional living spaces to support their important work. Enhanced Parking Facilities: Improvements were made to the Gurdwara's parking infrastructure, ensuring better accessibility for visitors and addressing increased attendan. 3.3 Community Engagement Langar Services." The Gurdwara's free kitchen continued to operate daily, offering meals to all individuals regardless of background. The service saw increased demand due to the cost-of-living crisis, and the Sabha responded with dedication and compassion. Sports Programs: The Sabha expanded its sports activities, including wrestling, boxing, and football camps for children and youth, fostering physical and mental well-being. Matrimonial Services: Regular rnatrimonial events were organised to help members of the Sikh community connect and build meaningful relationships. New appointment: This year. the Sabha welcomed and appointed several well-renowned Jathas to lead programmes and Kirtan. Their presence has helped bring higher-quality knowledge and spiritual guidance to the Sangat, enriching learning, faith, and community participation. 3.4 Educational and Cultural Initiatives Self-defence Activities: Hosted Gatka sessions (self-defence), toddler activities, and educational projects. Punjabi and Sikhism Classes.. Weekly classes were held to teach the Punjabi language. Gurbani Santhiya. and Gurmat Sangeet (Sikh sacred music). These sessions aimed to presep4e and promote Sikh heritage.
Re ort of the Trustees for the Year Ended 31 March 2025 continu8d Turban Tying Workshops.. Workshops We conducted to educate younger generations on the importance and technique of turban tying, ensuring this vital aspect of Sikh identity is maintained. 3.5 Interfaith and Community Cohesion Interfaith Dialogues: The Sabha actively participated in local interfaith initiatives, strengthening relationships with other faith groups and fostering community harmony. Outreach Activities: The Gurdwara welcomed numerous external groups for educational visits, offering guided tours and discussions on the Sikh faith and practices. 3.6 Governanc8 and Safeguarding Improvements Financial safeguards: The Sabha took significant steps to reduce cash payments and setup up trade accounts with the large suppliers. The majority of transactions are conducted through the charity's bank accounts to ensure transparency and accurate financial record-keeping. strengthened Safeguarding Policies: The Sabha introduced comprehensive safeguarding policies and provided training to staff and volunteers, ensuring a safe environment for all attendees. Sustainability Practices: MeasLJres were implemented to reduce the Gurdwara's environmental footprint, including improved waste management and energy efficiency. These achievements underscore the Sabha's unwavering commitment to its mission and its ability to adapt and grow in response to th8 ne8ds of the community. With Guru Sahib's blessings and the continued support of the Sangat, the Sabha looks forward to building on these successes in the coming year. 4.0 FINANCIAL REVIEW The financial stability of Sri Guru Singh Sabha Slough remains a cornerstone of Éts ability to fulfil its mission and objectives. The trustees are committed to ensuring the effective and transparent management of the charity's resources, in line with the requirements of the Charities Act 2011 and the governing constitution. 4.1 Principal SoUrs of Income The charity's primary sources of income indude.. Donations: Generous contributions from the congregation (Sangat) remain the largest Sour of funding, supporting the Gurdwara's operational and project-related expenses. Gift Aid: The trustees have actively encouraged eligible donors to use Gift Aid, ensuring additional funds are reclaimed from HM Revenue & Customs. Fundraising Events: Special events organised by the Sabha. such as cultural programs and sports activities, also contributed to the overall income. Rental Income.. The property owned by the Sabha generates rental income. further strengthening its financial base.
ort of the Trustees for the Year Ended 31 March 2025 continLS8d 4.2 Expenditure Overview During the financial year, funds were prudenuy allocated to support the charity's activities and infrastructure improvements, including: Religious and Community Services: Covering the costs of daily operations, Langar, and events such as Gurpurabs. Infrastructure Projects.- Signtficant investments were made to refurbish parts of the Gurdwara's toilets, build rooms for the resident Gianis. Educational Initiatives: Funding was directed toward Punjabi and Gunnat Sangeet classes, workshops, and youth programs. Safeguarding and Governance: The Sabha implemented new safeguarding policies, conducted staff training. and strengthened its govemance framework. 4.3 Reserves Policy The trustees have established a reserves policy to ensure financial stabilty and sustainability. Reserves are maintained to cover unexpected expenditures, safeguard against income fluctuations, and fund future projects. At the end of the financial year. the charity maintained reserves at a level deemed sufficient to meet its operational needs. 5.0 PLANS FOR THE FUTURE Sri Guru Singh Sabha Slough remains committed to its mission of serving the community and advancing Sikh principles. To meet the growing needs of the congregation and address emerging challenges, the Sabha has outlined several key priorities for the future. 5.1 Infrastructure Development Developments: Renovate Langar Hall kitchen. hall. and stores SeGuiIty'. CCTV in the new car park for security. 5.2 Governance and Policy Enhancements Strengthening Safeguarding Measures: The Sabha will continue to improve its safeguarding practices, with additional training for staff and volunteers and regular policy reviews. 5.3 Financial Sustsinability and Future Planning The trustees have identified the following financial priorities to support the Sabha's growth and ensure its long-term sustainability: Maintaining Reserves.. The Sabha will ensure reserves remain sufficient to manage any unexpected expenditures or income fluctuations. Infrastructure Investment: Future funds will be directed toward the acquisition of refurbishment projects, and other necessary improvements.
Re ort of the Trustees for the Year Ended 31 March 2025 Gontinued Community Engagement: Additional financial resources will be allocated to expand Langar services, educational programs, and youth initiatives, ensuring they meet the increasing demands of the community. 5.4 Community and Educational Initiatives Youth Engagement Programs: The Sabha plans to expand its offerings for youth, including new sports activities. leadership workshops, and cultural events. Enhanced Punjabi and Sikhism Education: Further development of the Punjabi language and GunTtat Sangeet classes will help preserve and promote Sikh herttage for future generations. These plans are designed to ensure that Sri Guru Singh Sabha Slough continues to grow as a vital hub for spiritual, educational, and cultural enrichment. By focusing on infrastructure, governan, and community programs, the Sabha is well-positioned to meet the evolving needs of the Sangat and maintain its legacy of seNice for years to come. 10
Sri Guru Sin h Sabha Slou hRe for the Year Ended 31 March 2025 ort of the Trustees STATEMENT OF TRUSTEES. RESPONSIBILITIES The trustees are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The law applicable to charities in England and Wales, the Charities Act 2011, Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charity 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 standards 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 charity will continue in business. The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of th8 trust deed. They are also responsible for safeguarding the assets of the charity and h8nce for taking reasonable steps for the prevention and detection of fraud and other irregularities. Approved by order of the board of trustees on ...... and signed on its behalf by.. B Singh Kainth President
Re ort of the Inde endent Auditors to the Trustees of Sri Guru Sin h Sabha Slou Opinion We have audited the financial statements of Sri Guru Singh Sabha, Slough (the 'Charity') for th8 year ended 31 March 2025, which comprise the Statement of Financial Activities, Balan sheet, cashflows, and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK (FRS 102). In our opinion the financial statements: give a true and fair view of the state of the charity'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,. and have been prepared in accordance with the requirements of the Charities Act 2011. Basls for opinion We conducted our audit in accordance with Intemational Standards on Auditing (UK) (ISAS (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors, responsibilities for the audit of the financial stat6ménts séction of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical Stsndard 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. Conclusions relatlng to going concern In auditing the financial statements, we have concluded that the trustees, use of the going conrn basis of accounting in the preparation of the financial staternents is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively. may cast significant doubt on the charity's ability to continue as a going conrn 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 concern are described in the relevant sections of this report. 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 information contained within the annual report. Our opinion on the financial statements does not cover the other information and. except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to ad 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 course of the audit, or otherwise appears to be materially misstated. 12
Re ort of the Inde endent Auditors continued to the Trustees of Sri Guru Sin h Sabha Slou If we identify such material inconsistencies or apparent material misstatements, we are required to detemiine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. 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 course of 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 this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misststement of this other information, we are required to report that fact. We have nothing to report in this regard. Matters on which we are required to r8POrt by éxception In the light of the knowledge and understanding of the charity and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the trustees. We have nothing to report in respect of the following matters where the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinion: the information given in the financial statements is inconsistent in any material respect with the trustees, report; or the charity has not kept adequate accounting records; or the financial statements are not in agreement with the accounting records and returns", or we have not received all the information and explanations we require for our audlc. Responsibilities of trustees As explained more fully in the statement of trustees, responsibilities set out on page 12, the trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine neSsarY to enable the preparation of financial statements that are free from material misstatement, whethei due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the charitys 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 charity or to cease operations. or have no realistic alternative but to do so. Auditors, responsibilities for the audit of the financial statements We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with regulations made under section 154 of that Act. Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement. whether due to fr2LJd or error. and to issue a Report of the auditors that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAS (UK) will always detect. a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in 13
ort of the Inde endent Auditors continued to the Trustees of Sri Guru Sin h Sabha Slou the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. Irregularities, 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 specific procedures for this engagement and the extent to which these are capable of detecting irregularities. including fraud is detailed below: Extent to which the audit was considered capable of detecting irregularities, including fraud We identify and assess the risks of material misstatement of the financial statements. whether due to fraud or error, and then design and perform audit procedures responsive to those risks, induding obtaining audit evidence that is sufficient and appropriate to provide a basis for our opinion. Identification and assessment of potential risks In identifying and assessing potential risks related to irregularities in identifying and assessing risks of material misstatément in respect of irregularities, including fraud and non-compliance with laws and regulations, we conduded: Meetings with those charged with governance. Enquiries of management, including obtaining and reviewing supporting doGumentstion, concerning the charity's material policies and procedures relating to- identifying. evaluating and complying with laws and regulations. whether they were aware of any instances of non-compliance relating to the detecting and responding to the risks of fraud. whether they have knowledge of any actual. suspected or alleged fraud; and the internal controls established to mitigate risks related to fraud or non- compliance with laws and regulations. Our reviews of the charity's remuneration policies, and key drivers for remuneration; Our assessment of the influence of public officials over the operations of the charity including any material transactions with related parties and key individuals", and Discussions among the engagement team regarding how and where fraud might occur in the financial statements and any potential indicators of fraud. The engagement team includes the engagement partner and staff who have experience of working with companies in the same sector as the charity, and this experience was relevant to the discussion about where fraud risks may arise. Risks arising from legal and regulatory frameworks We are also required to perform specific procedures to respond to the risk of management override. We also obtained an understanding of the legal and regulatory frameworks in which the charity operates. focusing on provisions of those areas that had a direct effect on the determination of material amounts and disclosures in the financial statements. We did not identify any material audit matters related to the potential risk of fraud or non-compliance with laws and regulations from our work: Reviewing management override of controls., Testing the appropriateness of joumal entries and other accounting adjustments Assessing whether the judgements made in making accounting estimates are indicative of a potential bias. and Evaluating the business rationale of any significant transactions that are unusual or outside the normal course of business. 14
Re ort of the Inde endent Auditors continued to the Trustees of Sri Guru Sin h Sabha Slou We also communicated our assessment of the relevant laws and regulations and potential fraud risks to all engagement team members including intemal specialists and significant component audit teams and remained alert to any indications of fraud or non-compliance with laws and regulations throughout the audit. Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation. A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uklauditorsresponsibilities. This description forms part of our auditor's report. Use of our report This report is made solely to the charity'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 charitls members those matters we are required to state to them in an auditor's reF)Ort and for no other pUoSe. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity's members as a body. for our audit work, for this report, or for the opinions we have fomied. J Stuart Thomson MA CA FCT MCSI (Senior Statutory Auditor) for and on behalf of Johnsons, Chartered Accountants Statutory Auditor 1-2 Craven Road. Ealing London, W5 2UA Date.. ....... 15
Sri Guru Sin h Sabha Slou Statement of Financial Activities for the Year Ended 31 March 2025 31.3.25 Total funds 31.3.24 Totsl funds General Sports Centre fund Notes INCOME AND ENDOWMENTS FROM Donations and legacies 1,446,627 1,446,627 1,163,467 Other trading activities Investment income Other income 119.492 119,492 162,126 105,739 152,715 162,126 Total 1,608,753 119,492 1.728,245 1.421.921 EXPENDITURE ON Raising funds Charltable activities Worship Provision of food Donations to other institutions Property costs and overheads Punjabi school Other 6-10 184,538 192,359 12,615 255,243 29,710 105,098 184,538 192,359 12,615 556,215 29,710 140,705 187,021 197,088 20,530 569,974 28,976 115,758 300.972 35,607 Total 779.583 336.579 1,116,142 1,119,347 Net gains on investments 3,510,191 NET INCOMEI(EXPENDITURE) Transfers between funds 829,190 (217,087) 612.103 3,812.765 18 Net movement In funds 829,190 {217,087) 612,103 3,812,765 RECONCILIATION OF FUNDS Total funds brought forward 9,084,187 3,704,388 12.788.575 8.975,810 TOTAL FUNDS CARRIED FORWARD 9,913,377 3,487,301 13.400.678 12.788.575 16
Sri Guru Sin h Sabha Slou Balance Sheet 31 March 2025 31.3.25 Total funds 31.3.24 Totsl funds General Fund Sports centre Notes FIXED ASSETS Tangible assets Investment property 12 4,924,053 3,781,000 8,705,053 7,893,636 13 3,570,000 3.570.000 3,570,000 8,494,053 3,781.000 12,275,053 11,463,636 DEBTORS DUE IN MORE THAN ONE YEAR Other Debtors 65.000 65,000 100,000 CURRENT ASSETS Debtors Cash at bank and in hand 14 50,440 15 1,033,151 1,083,591 50.440 1.082,393 1,132,834 35,406 1,279,000 1,315.406 49,243 49.243 CREDITORS Amounts falling due within one year 16 (72,209) (72.209) (87,016) NET CURRENT ASSETS 1,011,382 49,243 1,060,625 1.228.390 TOTAL ASSEfs LESS CURRENT LIABILITIES 9,570,435 3,830,243 13,400,678 12,792,026 CREDITORS Amounts falling due more than one year 17 (3,451) NET ASSETS 9 570 435 3 830.243 13.400 678 12 788,575 FUNDS Unrestricted fund". General fund Sports Centre Restricted funds 19 9,913,371 10,730,702 3,487,301 2,057,873 18 TOTAL FUNDS 13,400,678 12 788,575 The finanGial 3tatement3 were approved by the Board of Trustees and authori5ed for issue on l.£-. .o.q.-.a.O...g.......... and were signed on its behalf by. B Singh Kainth President Date.. l2_ c)q-..?.o Is-
Sri Guru Sin h Sabha Slou Cash Flow Statement for the Year Ended 31 March 2025 31.3.25 31.3.24 Notes Cash flows from operating activities Cash generated from operations (323,036) 178, 676 Net cash provided by operating activit18S 323,036) 178,676 Cash flows from investing activities Purchase of tangible fixed assets Rents from investments Interest from investments (56.895) 149,866 12,260 (50,469) 137,773 14.942 Net cash used in investing activities 105,231 102,246 Cash flows from financing activities Interest paid Repayment of loan provided Repayment of borrowings 35,000 {13,802) (9,202) Net cash used in financing activities 21,198 (9,202) Change in cash and cash equivalents in the reporting poriod Cash and cash equivalents at the beginning of the reporting period (196,607) 271,721 1,279,000 1,007,279 Cash and cash equivalents at the end of the reporting period 1082 393 1279,000 18
Sri Guru Sin h Sabha Slou Notes to the Cash Flow Statement for the Year Ended 31 March 2025 RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES 31.3.25 31.3.24 Net income for the reporting period {as per the Statement of Financial Activities) Adjustments for" Depreciation charges Revaluation of investment properties Rents from investments Interest from investments Increase in debtors Decrease in creditors 612,103 3,812,765 107,240 74,095 (861,763) (3,510,191) <149,866) (137,773) (12,260) (14,942) (14,034) (43,930) 4,457 1.348 Net cash provided by operations 323,036 178,676 ANALYSIS OF CHANGES IN NET FUNDS At 1.4.24 Cash flow At 31.3.25 Net Cash Cash at bank and in hand 1,279,000 (196,607) 1,082,393 Debt Debts falling due within 1 year (17,253) 13,802 (3,451) Total 1261747 200 057 1061690 19
Sri Guru Sin h Sabha Slou Notes to the Financial Statements for the Year Ended 31 March 2025 ACCOUNTING POLICIES Basis of preparing the financial statements The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practi applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019}', Financial Reporting Stsndard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Charities Act 2011. The financial statements have been prepared under the historical cost convention, as modified by the revaluation of certain assets. The financial statements are presented in GBP ("£.) and are rounded to nearest £. Income All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be reekived, and the amount can be measured reliably. Expenditure Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure. it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings. they have been allocated to activities on a basis consistent with the use of resources. Grants offered subject to conditions which have not been met at the year4nd date are noted as a commitment but not accrued as expenditure. Tangible fixed assets Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life., Plant. machinery. fixtures and fittings 25Yo on reducing balance Leasehold property is depreciated over the terms of the lease agreement which is 125 years on reducing balance. Motor Vehicle 25Yo on reducing balance Investment property Investment property is shown at most rent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the Statement of Financial Activities. Taxation The charity is exempt from tax on its charitable activities. Fund accounting Unrèstrictod fvnds can b@ ugÈd in 2ceordsnca with tho ch2rit2blo objoctiVQS at thg discrotion of tho trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. 20
Sri Guru Sin h Sabha Slou Notes to the Financial Statements - continued for the Year Ended 31 March 2025 ACCOUNTING POLICIES- continued Fund accounting Further explanation of the nature and purpose of each fund is included in the notes to th8 financial statements. DONATIONS AND LEGACIES 31.3.25 31.3.24 Donations for food Donations and gifts Gift aid Grants Other Income 18,884 1.255,664 171.928 19,804 1,017,957 125,206 500 151 1,446,627 1,163,467 Grants received, induded in the above, are as foll0v. 31.3.25 31.3.24 2024 Grant Income 500 2025 Grant income 500 OTHER TRADING ACTIVITIES 31.3.25 31.3.24 Sports hall 119,492 105,739 21
Sri Guru Sin h Sabha Slou Notes to the Financial Statements - continued for the Year Ended 31 March 2025 INVESTMENT INCOME 31.3.25 31.3.24 Rents received Bank interest reiVed 149,866 12.260 162,126 137,773 14.942 152,715 RAISING FUNDS Raising donations and legacies 31.3.25 31.3.24 Advertising CHARITABLE ACTIVITIES COSTS Direct Costs 2025 Grant funding Support activities {see costs note 7) (see note 8) 2025 2025 Current Prior Year Year Totals Totals 2025 2025 2024 Worship Provision of food Grants Payable General overheads Punjabi School Other 184,538 192,359 184,538 192,359 12,615 556,215 29.710 140,705 1,116,142 187.021 197,088 20,530 569,974 28,967 115,758 1.119,347 12,615 536,815 29,710 19,400 140,705 153,320 943 422 19,400 GRANTS PAYABLE 31.3.25 31.3.24 Donations to other institutions Don2tions to individuals 12,615 20,180 350 20,530 12.615 22
Sri Guru Sin h Sabha Slou Notes to the Financial Statements - continued for the Year Ended 31 March 2025 SUPPORT COSTS Governance Costs 2025 2024 Audit fees 19,400 13,000 TRUSTEES, REMUNERATION AND BENEFITS There were no trustees, remuneration or other benefits for the year ended 31 March 2025 nor for the year ended 31 March 2024. Trustees, expenses There were no trustees, expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024. 10. STAFF COSTS 31.3.25 31.3.24 Wages and salaries Social security costs Defined pension contributions 237.138 49,386 214 286,738 133.275 9.167 144.858 The average monthly number of employees during the year was as follows: 31.3.25 31.3.24 Administrative staff 14 18 No employees received emoluments in excess of £60,000. 23
Sri Guru Sin h Sabha Slou Notes to the Financial Statements - continued for the Year Ended 31 March 2025 11. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Statement of Financial Activities for the Year Ended 31 March 2024 Unrestiicted Funds Unrestricted Funds Restiicted Funds Total Funds Total Funds Sports Centre 2024 General fvnd 2024 Reslat8d 2023 2024 2024 Notes INCOME AND ENDOWMENTS FROM Donations and legacies other tra¢Jing artivities Investment income other income 1.163,467 1,163.467 105.739 152.715 1.083,521 93.69(. 111.37J 75,73 105,739 152,715 Total income 1,316.182 105,739 1,421,921 1,364,331 EXPENDITURE ON Charitable a¢tivitios Worship Provision of food Donations payable Property costs and overheads Punjabi school Other Loss on sale of fixed asset 6-10 187,021 197,088 20.530 330,815 28.976 79,542 187.021 197,088 20.530 569,974 28,976 115,758 193.7. 132,9. 29.91 239,159 27,41 88,7< 22.210 14,006 Total expenditure 843,972 261,369 14,006 1,119,347 819.3: Net gains l (loss) on Investments 1,863,676 1.648.515 3.510,191 NEf INCOMEI(EXPENDITURE) Transfers b•tween funds 2.335,886 1h90,885 (14,006) 3,812,765 545,0. 18 Net movement In funds 2.33S.886 1.490.885 (14,0061 3.812.765 545.0" RECONCILIATION OF FUNDS Total funds brought forward 6,748.301 2,213,503 14,006 8,975,810 8.430.7 TOTAL FUNDS CARRIED FORWARD 9,084,187 3,704,388 12,788,575 8,975.811 24
Sri Guru Sin h Sabha Slou Notes to the Financial Statements - continued 12. TANGIBLE FIXED ASSETS Plant and Machinery Molor Vehicles Freehold Properties Land Buildings Leasehold Properties Land Buildings OST Is at 1 April 2024 1,650,000 2,320,000 850,000 2.960.000 379.767 16,300 8,176.0 dditions 861.763 56,895 918,651 Is at 31 March 2025 2511.763 2,320,000 850.000 2.960.000 436.662 16.300 )EPRECIATION s at 1 April 2024 275,300 7,131 282,43 harge for th8 year 29.000 35,607 40,340 2,293 107,241 Is at 31 March 2025 29,000 35,607 315,640 9,424 389,67. ET BOOK VALUE Is ai 31 March 2025 2511763 2 291000 850 000 2 924 393 121 022 s at 31 March 2024 1.650.000 2.320.000 850.000 2 960 000 7.893,6 25
Sri Guru Sin h Sabha Slou Notes to the Financial Statements - continued 13. INVESTMENT PROPERTY FAIR VALUE At 1 April 2024 Additions Revaluation gainl(Loss) 3,570.000 At 31 March 2025 3 570 000 NET BOOK VALUE At 1 April 2024 and 31 March 2025 3,570,000 The depreciation charge for the year on leasehold properties has been calculated using a useful life estimate of 107 years. Depreciation is charged on the freehold buildings on the basis that the useful life is 80 years. Upon revaluation, the difference between the net book value and the fair value at year-end is recognised within unrestricted funds in the balance sheet. The fair valuation of both freehold and leasehold properties is performed by Glenn Flegg & Company. 14. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.25 31.3.24 Trade debtors Prepayments and accrued income 44,820 35,406 26
Sri Guru Sin h Sabha Slou Notes to the Financial Statements - continued for the Year Ended 31 MarGh 2025 15. CASH AT BANK AND AT HAND 31.3.25 31.3.24 Current account Petty cash Deposit account 109,047 13,632 959,714 1,082,394 75,173 33,086 1,170.741 1,279,000 16. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.25 31.3.24 Trade creditors Finance lease payable Accruals Taxation and social security Other creditors 14.705 3,451 23,700 8,483 22,407 26.736 13,802 18,000 11,320 16,599 72,746 (537) 86,457 559 Defined contribution pension scheme liabilities due within on8 year 72,209 87,016 17. CREDITORS: AMOUNTS FALLING DUE AFfER ONE YEAR 31.3.25 31.3.24 Finance lease payable 3,451 27
Sri Guru Sin h Sabha Slou Notes to the Financial Statements - continued 18. ANALYSIS OF FUNDS Opening balance Incoming resources 2025 Outgoing resources 2025 Closing Balance 2025 2025 Unrestricted General fund 9.084.187 3 704 388 1.608,753 119492 (779,563) 336 579 9,913,377 3 487 301 Sports centre 12 788 575 1728 245 1 116142 13400678 The income funds of the charity include restricted funds comprising the following unexpended balances of grants held as funds to be applied for specific purposes: Movement in prior year Opening balance 2024 Incoming reSoUrS Outgoing resources Gains and Losses 2024 Closing Balance 2024 2024 2024 Restrlcted funds Sporting equipment grant 14,006 (14,006) 14,006 (14,006) Unrestrictsd General fund Sports centre 6,748,301 2213503 1,316,182 105 739 (843,972) 261369 1,863,676 1646515 9,084,187 3 704 388 8 975 810 1421921 1083 131 3510191 12 788 575 Sporting equipment - grant funding was received to purchase sport equipment for the sports centre. Donated fixed assets - represents donation of a van received from a donor. 28
Sri Guru Sin h Sabha Slou Notes to the Financial Statements - continued 19. ANALYSIS OF NET ASSETS BEfwEEN Unrestricted funds 2025 Restricted funds 2025 Total Unrestricted funds 2024 Restricted funds 2024 Total 2025 2024 Fixed assets" 12,275,053 12,275,053 11,463,636 11,463,636 Long term assets 65,000 65,000 Current assetsl (liabilities) Long term liabilities 1,060.625 1,060.625 1,328,390 1,328,390 Total net assets 13 400 678 13 400 678 12 788 575 12 788 571 he fixed assats of charity include a revaluation gain of £nil {2024: £3.634.936). 20. COMMITMENTS, LIABILITIES AND PROVISIONS There is no commitment. liability. or provision to account for that has not already been identified in the Balance Sheet. 21. RELATED PARTY DISCLOSURES During the year, the following trustees were reimbursed for expenses incurred on behalf of the charity- Amariit Singh Balwinder Garcha Bagga Singh Kainth Gucharan Singh Gurmail Sahota Rapinder Singh Padda £4,912.97 £53,293.20 £3,036.05 £130.00 £70.48 £401.04 PRIOR YEAR RESTATEMENTS There are no prior year restatements in 2025. 2g