GOBIND MARG (A Company Limited by Guarantee) Annual Roport and Financial statements Period Ended 30 Septsmbor 2024 Registered Charlty number. 1127560 Company number . 6694720 GOBIND MARG (A Company Limited by Guarantee) Annual Report and Flnancial Statements for the poriod ended 30 Saptsmbor 2024 Contents Pag8 Legal and administrative Infom)atlon Report of the trustees StruGtur8, govemance and managem8nt Objoctnl8s and aclwit18S Highlights of the period Financial review and resuts for the period Directors'ltru51ees' responsibilities Report of the independent auditors ststement of financial acb"vib"es Balan￿ Sheet Notes foming part of the financial statements GOBIND MARG (A Company Limited by Guarantee) Annual Report and Financial Statements for the period ended 30 Soptembar 2024 status The Charity was incorporated as a Company Limited ty Guarantee on 10 Seplember 2008. The company was form￿1 under a Memorandum ofAssociation, whl¢h establlshed Its obfrcts and powers. and is governed under its Articles of Association. Under those Artrcles, the membe15 of the Association were deteffThned and the Board may from time to time register an increase of members without ary upper Ilmit Trustees Balbir Singh Johal Jagdev Singh Boparai Kutwinder Singh Mann (Treasurer) Manjit Singh Sidhu Rabinder Singh Sidhu {Chairman) Sandeep Sin9h Chohan Kuljit Singh Companysqcrgtary Sandeep Singh Chohan Rqgistsrad office Rollingmill Street Wdlsall Wesl Midlands WS2 9EN Independent examlner Taljinder Singh 1 Crabtree Road, Walsall, WSI 2RY Bankors National Westminister Bank Pk 33 Park Street Watsall Lloyds Bank The Bridge Walsall GOBIND MARG {A Company Limited by Guarantee) Annual Report and Financial Statements for the period ended 30 September 2024 Report of thè Truste•s Tre Board of Trustees submits rewt and financial statements of the charity for the period ended 30 September 2024. Structure, Governance and Management Organisation The organis*ion is managed by the Trustees who meet regulady to discuss strategic matters and various aspects of responsibilty wh￿h are allocated between them. We have referffd to the guidan￿ wntained in Ihe Chanty Commission's general guidance on public benefit when reviewing our aim and objectivès and in planning our future activities. In particular, the trustees consider how planned acttvities will contribute to the aims and objectives they have set. Twstee8 Tre training and induction provided for Trusteeswill depend on their existing experience. Wngre necessary training OT) charity and financial matters is tsilored $pe¢ifi¢alty to the individual Rbk Management The Trustees are committed to an ongoing poliw of identtying, monitoring and managing risks that might adverse affect the operation and reputation of the Charity, assessing the likelihood of occurrence and means of mitsgating them. The Trustees are satisfied that appropriate structu￿$ s￿ in place to identify and manage the major risks facing the Charrty. The Trustees have assessed the going concern of the Charity. The Ctta￿ty has continued to recelve its dlrect debit donations during this period and is due to receive its gift aid from HMRC for the year ending 30 September 2024. Taking all these into ￿count, the Trustees are confident of the Charity's going concem. Objectives and activities The objective for which the Charity is established are to be furthered primarily in the United Kingdom but also in Punjab {Indial and other parts of the world as the directors from time to time see fiL The Charity's objectives lo be furthered in the area of benefit are.. To advance the Sikh religion by pffaching and promoting its teachings. establishing and maintaining a Gurdwara or Gurdwaras. conducting servlces, education programmes and observances based on the tenets and doctrines of the faith. ané establishing and maintaining religious schools of instruction for children, young people and adu￿$. To relieve povety by providing food, clothing, shelter and olher necessities of lrfe to people In poverty or without visible means of supwrt and to the elderly, ill and disabled people of low or modest Incom8 and in need. To advance education. in particular by establishing, maintaining or support public elementary schools and to work cooperatively with Governments in the United Kingdom and other countries, and with other charitable organisations to accomplish these purposes. To promote health and relieve sl¢kness. GOBIND MARG (A Company Limited by Guarantee) Annual Report and Financial Statements for the period ended 30 September 2024 Reserves Pollcy The funds are lo be used by the Charity to fund the future objectives of the Charity. The Trustees remain aware of the level of the funds and confirm that all reserves shall be used lo pursue the Charity's future oblectives. The year ended with restricted funds of £992,393. Hlghllghts of the perlod Duting the period, the ch3rty continued with the refurbi5hmenls of its propety {which 15 Used specifically for Charitable purposes) - costs of £S8,684 were incurred and have been capitali5ed. Flnanclal Revl8w and Rosults for tho period R8strictsd Funds The ftjll accounts and the Independent examination report start on page 6. The Statement of Recommended Pracb'ce for Charitie5 (SORP) 2005 has been adopted in preparing this Annual Report 3rKI Financial Statements. Restricted income of £360,409 was received durtng the period" resources expended were £357.732', total restricted funds at the year end arnounied to £2,677. Futuro Plans The Trustees and Management will continue to strengthen the core actNilies of the Charity. The Charity will continue, where possible, to refvrbish the woperty in order to develop more Classrooms for Children, young people and adults for education purposes. This is a continued process. The Trustees are ¢onfident that the charity has sufficient resources available to be able to continue to meet its commitments and deliver upon its aims and objectives. GOBIND MARG {A Company Llmlted by Guarantee) Annual Report and Financial Statements for the period ended 30 Sèptember 2024 Trustoes. responslbllitles The Trustees are responsible for preparing the Annual Report and the financial statements in accordance with the Companies Act 2006 and for being satisfied that the financial statements give a true arKI fair view. The Trustees are also responsible for preparing the financial statement5 in accordan￿ wrth Unit8d Kingdom Accounting standards (United Kingdom Generally Accepted Accounting Practice}- Company law requlres the Trustees to prepare financial statements for each financial year which give a Ifue and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the Trustees are required lo: select suitable accoLtnting policies and then appty them consistenly., make judgments and estimates that are reasonable and pmdent.. slate whether applicable acLounling standards have been followed, subject to any material departures disclosed and explained in the financial ststements., 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 adequate accounting records that show and explain the Charity's transactions, disclose with reasonable accuracy at any time the financial position of the charity, and enable them lo ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding Ihe assets of the charity and hence for tsking reasonable steps for the prevention and deleclion of fraud and other irregularities. This trustees, reFX)tt has been prepaTEd in accordance with the provisions applicable lo companies entitled lo the Stnall companie5, exemption. By order of the Sandeep Singh Chohan Trustee Date.. 14 July 2025 GOBIND MARG (A Company Limited by Guarantee) Indgpendent examlneffs report to the trustees of Goblnd Marg for the period ended 30 Soptember 2024 I report on the accounts of Gobind Marg for the period ended 30 September 2024, which are set Olbt on pages 7 to 12. Respective rosponsibiliti88 of trustees and examlner As the chanty's trustees you are responsible for the preparation of the accounts., you consider that the audit requirement of section 43{21 of the Charities Act 1993 {the Act} does not apply. It is my responsibility to examine the accounts (under Section 4313) lal of the 1993 Acll and to state on the basis of procedures specified in the general directions given by the Charity Commissioners under section 43 (7) Ibl of the Act. whether particular matters have come to our attention. Basis of independent examlner's report My examination was carried out in 8¢cordan¢e wilh the general directions given by the Charity Commlssloners. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also incIL￿e8 consideration of any unusual items or disclosures in the a￿￿nIs, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the eviden￿ that would be required in an audtt, and consequenmy I do not express an audlt opinlon on the view given by the ac￿unts. Independent examlnevg Statement In connectb)n with our exarrination, no matter has come to my attention." vthich gives me reasonable Cause to believe that in any material respect the requirements.. to keep a￿oUntIng records in accordance with section 41 of the 1993 Act.. and to prepare accounts which accord wlth the accounllng records and lo compty with the accounting requiremenls of the 1993 Act. have not been met,. or 12) lo which, in my opinion. attention should be drawn in order to enable a proper understanding of the accounts to be reached. Mr Tallinder Singh * Crabtree Road Walsall WS12RY Date.. 14 Juty 2025 GOBIND MARG (A Company Limited by Guarantee) Statement of financial activitiès (including In¢omo and Exponditure Account) for the period onded 30 S8ptember 2024 Reslrlcted funds 2024 Note 2023 Incoming Resources from generated funds Voluntary Income Donations 360,409 384,002 Investment Income Insurance income other Income Total Incomlng re8oiirce8 360,409 384,002 Re80urce8 expended Charltable actlvities Direct charitable expenditure 357.732 364.723 Governance costs Total resources expended 357.733 364,723 N•t incorninglloutgoingl resources 2,677 19,279 Fund balances brought forward at 30 September 2023 989,716 970.437 Fund balan￿$ carried forward at 30 September 2024 9&10 992,393 989,716 All amunts relate to continuing activities. I recognised gains and losses are included in the statement of financial activities. The notes on page5 9 10 12 forni part of these financial ststements GOBIND MARG (A Company Llmited by Guarantee) Balance sheet at 30 September 2024 Company number .' 1127560 Note 2024 2024 2023 2023 Flxed assets Property Plant and machinery 1.235.077 35.721 1,186,393 37,721 1,270,798 1,224,114 Currenl assets Cash al bank and in hand Other debtors 39,970 15.000 102,462 30,532 54,970 132.994 Creditors.. amounts falling due less than one year 154.0001 (54.000) 970 78.994 Credltors.. amounts falling due more than one year (279.3751 (313,3921 Total assets less current 992.393 989,716 Capital and re$eNes Restricted funds 992,393 989,716 992.393 989,716 Forthe year ended 30 September 2024 the wmpany was entiued to exemption undersection 477 oflhe Companies House 2006 relating to small businesses. No rnembers have required the company to obtain an auditof ils accounts for the year in question in accordance with section 476 of the Companies kt 2006. The directors acknowledge their responsibility for complying with the requirements of the Act with respect lo accounting records and for the preparation of the accounts. These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. These financial statements were approved by the board of trustees orb 14 July 2025 Jagdev Singh Boparai Kumilnder Slngh Mann Sandeep Slngh Chohan The notes on pages 9 to 12 fomi part of these financial statements. GOBIND MARG (A Company Limited by Guarantee) Notes formlng part of th8 financlal statements for the period ended 30 Soptembgr 2024 Accounting pollcles The financial statements have been prepared under the historical cost convenb'on, as modified by the revaluation of freehold and leasehold propèrties, and are in arLordance with the Companies Act 2006 and Statement of RerAJmmended Practice'Accounting and Reporting of Charriies. 200512nd edition - 20081. Donattons, legacies and other voluntaryincon7e Don*ions, legaaes and any other form of voluntary income or benefit to the charity are recognised withirb the statement of financial activities when receNable. Dep￿cIation Depreciation is provided to write off the cost, less estimated residual values, of all tangible fixed assets evenly over their expected useful lives. It is calculated at the following rates: Freehold property Plant and machineryffixtures and fittings 1% on cost 15/0 on cost Restricted and unrestricted funds Restricted funds are lo be used for specific purposes as laid down by the donor. Where applicable, expenditure which meets these criteria is charged lo the fund, together with a fair allocation of management and support Unrestrlcted fiJnds arè dOna￿On8 and other incoming resources recoivablé or generated for th6 object of the charity w(thoul further spectfied purpose and are available as general fvnds. Expendilure all(K8tion and 8PPOrtK)nment Expenditure is reGognised on an a(Lruals basis a5 a liability is incurred. Resources expended are alIc￿ated to the particular &bvty where the cost related direclly to that *lwity. T8X8t The company is non profft makrng and as a charity is exempt from Corwration Tax under Section 505 of the Income and Corwralion Taxes Act 1988. Cash flow statement The company has taken advantage of the exemption provided by Financial Reporting St2ndard 1 and has not prepared a cash flow statetT£nt for the year on the grounds it is a small ￿MpanY under the Companies Act 2006. Incom Re5trfcted 2024- £ Restricted 2023 - £ Donalions 360,409 384,002 Other income GOBIND MARG (A Company Limited by Guarantee) Notes fomiing part of tho financial statements for the perlod ended 30 September 2024 3 Net Incomlngloutgolng) sourc95 2024 2023 Thrs is after charging.. D8preciation 12.000 12,000 Dirgct charitabl8 axpendlturo: Establlshment expendilure 357.732 364,723 Employees The average monthEy number of employees during the year. analysed by function. was as follows.. 2024 Number 2023 Numbgr Employees Staff costs consists ot. Salaries 13.710 10.400 Trustses, omoluments The members of the board of trustees do not receive any remuneration and no reimbursement of expense$ was made during this year. GOBIND MARG (A Company Limited by Guarantee) Notw formlng part of th8 financlal statements for the period ended 30 Sept*nber 2024 Flxed assets Propèrty Plant and mathln•ry TOTAL Cosl rought forward 1,302,457 54,582 1,357,039 Additions during the year 58,684 58,684 Carried forward 1,361,141 54,582 1,415,723 De reclatlon Brought forward 115,614 17,311 132,925 Charge for the year 10,000 2,000 12,000 Carried forward 125,614 19,311 144,925 Net book value- 30 September 2024 1,235,078 35,721 1,270.798 Not book value- 30 September 2023 1,186,394 37,721 1,224,114 Debtor 2024 2D23 Gfft aid 15,000 30,532 All amounts shown under debtors fall due for payment within one year. Creditors 2024 2023 Bank loan < 1 year 54.0 54,000 Bank loan > 1 year 279,375 313,392 GOBIND MARG (A Company Limited by Guarantee) Notes forniing part of the financial statements for th8 perlod ended 30 September 2024 Analysis of nèt assots botwogn fund¥ Total Restrlcted funds Tangible fixed assets Current assets Current liabilities Lon9 teffn liabilities 1,270,798 54,970 (54,000) (279.375) Net assets at 30 September 2024 992.393 10 Movement in fund5 At 1 October Incoming 2023 re50urce5 At Galn8 and 30 September Los$e$ 2024 Outgoing resources Transfars R8strtctod funds PropeTty 989,716 360.409 357.732 992.393 Total restricted funds 989.716 360NOg 357.732 992.393 Purposes of restrlcted funds To continue undertake refurbishments to the property which is used as a Gurdwara. 11 Company oxempt from requlrement to use the word "Llmhed" The company complies with section 3013) of tha Companies Act 2006 and is therefore exempl from using the word°Limited" in tts litfe. 12 Company Ilmltgd by guarant80 The company has no share capital. The liability to the rnembers in respect of the guarantse as set out in the company's memotanduffl af association 15 limiled lo £1 per member.