REGISTERED COMPANY NUMBER.. 06553894 (England and Wales) REGISTERED CHARITY NUMBER: 1139319 ort ol the Trustees and Unaudited Financial Stalements for the Year Ended 30th November 2024 for GURDWARA BABA VADBHAG StNGH JI CHARITABLE TRUST R Pau & Co Limited Chartered Certified Acwuntants 12-16 Station Street East Coventry West Midlands CV6 5FJ
GURDWARA BABA VADBHAG SINC.H JI CHA]UTABLE TRUST Contents of the Finallcial Statements FOR THE YEAR ENDED 30TH NOVEMBER 2024 Page Report of the Trustees I to 4 Independent Examiner's Report ststement of Financial Activities Balance Sbeet Notes to the Financial Statements 9 to 14 Detailed Statement of Financial Activities 15 to 16
GURDWARA BABA VADBHAG SINGH JI CHARITABLE TRUST rt of the Trustees FOR THE YEAR ENDED 30TH NOVEMBER 2024 The trustees who are also directors of the charity for the purposes of the Companie5 Act 2006. present their report with the financial statements of the charity for the year ended 30th November 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Reconllnended Practice applicable to charities preparing their accounts in accordance with the Financial Rcporting Standard applicable in the UK and Rcpublic of Ireland (FRS 102) (effective l January 2019). OB.JECTIVES AND ACTIVITIES Objectives and aims The aims of the Charity are.. l. To advance the Sikh faith for the benefit of the public. 2. The advancement of Sikhism by means of broadcasting Sikh Messages of an evangelistic and teaching nature. 3. To advance the Sikh Faith and Religion in the Wesi Midlands Area for the benefit of the public through the holding of prayer meetings, lecNres, public celebration of Sikh religiou5 festivals and the distribution of literature on Sikhism. 4. To benefit all of th¢ residents of Coventy irrespective of race, creed, sexual orientation or political belief by bringing them together with Local authoTlties, voluntary and other organisations in order to improve the conditions of life of the residellts. 5. The promotion of racial harniony for the public benefit. Public benefit We can confjrni that the activities of the charity provide a public benefit to those who worship at the Gurdwara and the local community. The primary measure of success or failure of these activities is the number of people making use of the Gurdward and the services it Provides. We have seen an increase in the number of people attending over the last year. Volunteer5 The ¢haTity required approxirnately 4,804 hours of volunteerfs efforts in the year to cany out its obligations mainly in the areas of: l. Maintenance, preparation and management for the Gurdwara and other events. 2. Catering 3. Administration It is dIlcult to attribute an economic value to this contribution that the volunteers make of their time, but it is crucial to the fill)Ction of the charity, and we thank them for their efforts. Page I
GURDWARA BABA VADBHAG SINGH JI CHARITABLE TRUST ort of the Trustees FOR THE YEAR ENDED 30TH NOVEMBER 2024 ACHIEVEMENTS AND PERFORMANCE Charitable activities The Gurdwara fulfilled its objectives thi5 year by: l. Maintaining a place of worship at 6 Bayton Rd, Exhall, Coventy, cv7 9EJ. 2. Providing daily religious services and wedding services, (subject to pandemic restrictions in this year). 3. Providing prayer classes to learn Punjabi and to understand better the cultural tradition, background and customs of the community, (subject to pandemic restrictions in this year). 4. Celebrdting major Festivals, (subject to pandemic restrictions in this year). 5. Langar whereby food is given to the homeless. (subject to pandemic restrictions in this year). 6. Open clinic offering a dTOP-in Service for people needing help with issues like anxiety, depression, addiction etc..., (subject to pandemic restrictions in this year)- 7. Affanging educational visits to the temple with local schoo15 for local school children. (subject to pandemic restrictions in this year). We are, therefore, happy to report that we have achieved our objectives this year. These activities provide a public benefit to those who worship at our GuTdwara and the local community. The primary measure of success or failure of these activities is the number of people making use of the Gurdwara and the services il provides. We have seen an increase in people attending the Gurdwara and the nutnber of people making use of other resource.. l - Issues outstandin from last ar's re (a) Continue to improve and maintain the links with other charities and bodies to combine resources and operdte more efficiently. (b) Continue to explore the possibility of expanding the Charity's operation into the premises adjacent to the Gurdwara (c) ATrange for the amendment of the company memorandum of association with regard to the charity objertives 2 - Events ocCu1n durin this A. Our connections are growing but are becoming Jnore independent and stand alone as the demand for our services is growing. We are working closely with Warwickshirc County Council. St Michael's Children and Family Support Centre, Harbour Centre and the Life Church to bridge the gaps of charitable services in Bedworth in regard to vital services and support (food, health cost of living crisis etc). B. We Continued to explore the possibility of expanding the Charity's operation into the prelnises adjacent to the Gurdwara this year. C. More detailed discussions occurred regarding the changes that should be made to the memorandum of association with regard to the charity objectives so that the wider range of activities that the charity engages in, both in nature and geographically, are accurately reflected. D. We have collaborated and supported St Michael's Children and Family support centre. we provided over 2000 Chrlstmas packages to children and families (that are named on th¢ vulnerablelpriority list) in 9 schools across Wanvickshire in December 2024. This event was televised. Page 2
GURDWARA BABA VADBHAG SINGH JI CHARITABLE TRUST ort of the Trustees FOR THE YEAR ENDED 30TH NOVEMBER 2024 E. A fun fair event was hosted by the Charity whereby 12,000 people attended. 3 - For the tUre the followin is lanned (a) Continue to improve and maintain the links with other charities and bodies to combine resources and operate more eificiently. (b) Continue to explore the possibility of expanding the Charity's operation into the premises adjacent to the Gurdwara (c) Arrange for the ameTLdment of the company memorandum of association with regard to the charity objectives (d) We have launched a project in I,ondon to support Great OTmond Street Hospiial. {e) We plan to put resource towards making the annual community free fun fair bigger in 2026. (fj It ha5 be¢n decided that changes to the objectives of the charity will be made to the company memorandum of association shortly. In particular, the changes will broaden the objectives of the charity so that they more accurately reflect the wide range of activities that the charity CWTi¢S Out and where those activities oG¢ur. Professional advice Tegarding the legal requirements is being sought. FINANCIAL REVIEW Reserves policy It is the policy of the Charity to maintain unrestricted reserves nol committed to or invested in tangible assels, (free reserves), at a level which equates to approximately three years unrestricted expenditure. This should provide sufficient funds to cover operational costs of the current activities of the charity in the event of a decline in donations income. Three years would give sufficient time to consider how alternative fidIng could be obtained or costs reduced. In addition, the unrestricted reserves also need to be available for the funding of any future capital expenditure on the temple should the work be necessary within a short timescale. The target levels for free reserves have therefore not yet been achieved. For the foreseeable future, net incoming resources will be accumulated until the target levels are achieved. STRUCTURE. GOVERNANCE AND MANAGEMENT Governing document Gurdwara Baba Vadbhag Singh Ji Charitablc Trust is a company limited by guarantee governed by its Memorandum and Articles of Association dated 30th July 2010. It is regist¢red as a charity with the Charity Commission Organisational structure The trustees are the Directors of the Company. One third of the Directors retire at each annual gcneral meeting and replacement Directors are appointed by the members. Directors retiring are those who have been longest in office since their last appointment. REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number 06553894 (England and Wales) Registered Charity number 1139319 Page 3
GURDWARA BABA VADBHAG SINGH JI CHARITABLE TRUST rt of the Trustees FOR THE YEAR ENDED 30TH NOVEMBER 2024 Registered office Unit 6 Bayton Road Exhall Coventy England CV7 9EJ Trustees Name Mrs Balwinder Kooner Mr Ravinder Kooner Mr Karandeep Airtan Ms Gurdeep S¢hra Mr Indarjit Singh Mr Parnijit Singh Nahal Miss Priya Kaur Nahal Mrs Lakhbir KauT Sanghera Mr Gurbinder Sin] Mr Sukhwinderjit Singh Appointment date 0310412008 2810712016 1410512024 0610812018 I710812021 2311012023 1310212024 1310212024 1310212024 1310212024 Company Secretary Mrs M Bains Independent Examiner R Pau & Co Limited Chartered Certified Accountants 12-16 Station Street E&st Coventry West Midlands CV6 5FJ Approved by order of the board of trustees on l 8th August 2025 and signed on it5 behalf by.. Ms G Sehra - Trustee Page 4
Inde endent Examiner's Re ort to Éhe Trustees ol Gurdwara Baba Vadbha Sin h Ji Charitable Trust Independent examiner's report to the trustees of Gurdwara Baba Vadbhag Singh Ji Charitable Trust {'the Cornpany,) I r¢port to the charity trustees on my examination of the accounts of the Company for the year ended 30th November 2024. Responsibilities and bagis of report As the charity's trnstees of the Company (and also its directors for the pUoseS of company law) you are responsible for the prepardtion of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Ac¢). Having satisfied myself that the accouThts of the Company ale not required to be audited under Part 16 of ihe 2006 Acl and are eligible for independent examination, I report in respect of my cxamination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 {'the 2011 ACV). In carrying out my examination I have followed the Directions given by the Charity Commission uThder Section 145(5) (b) of the 201 l Act. Independent examiner's statement I have completed my examination. I confim] that no matters have come to my attention in connection with the examination giving me cause to believe.. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act" or the accounts do not accord with those records. or the accounts do not comply with the ao¢ounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a trne and fair view which is not a matter considered as part of an independent examination; or the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)). I have no conc¢rns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Nim¢sh Pau FCCA R Pau & Co Limifrd Chartered Certified Accountants 12-16 Station Street East Coventy West Midlands CV6 5FJ 18th August 2025 Page 5
GURDWARA BABA VADBHAG SINGH JI CHARITAJJLE TRUST Statement of Financial Activities FOR THE YEAR ENDED 30TH NOVEMBER 2024 2024 Unrestricted fund 2023 Total funds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 137,186 158,731 Invesljnent income 324 352 Total 137,510 159,083 EXPENDITURE ON Raising funds 173,124 103,328 Charitable aetivfities Donations and charity 9.717 1,000 Other 10,449 Total 182,841 114,777 IYET INCOMEI(EXPENDITURE) (45,331) 44,306 RECONCILIATION OF FUNDS Total funds brou1 forward 745,025 700,719 TOTAL FUNDS CARRIED FORWARD 699,694 745,025 The notes fonn part of these fmancial statements Page 6
GURDWARA BABA VADBHAG SINGH JI CHARITABLE TRUST Balance Sheet 30TH NOVEMBER 2024 2024 Unrestricted fund 2023 Total funds Notes FIXED ASSETS Tangible assets 430,021 417,709 CURRENT ASSETS Debtors Cash at bank and in hand 24,110 258,667 34,466 300,376 282,777 334,842 CREDITORS Amounts falling due within one year 10 (13.104) (7,526) NET CURRENT ASSETS 269,673 327,316 TOTAL ASSETS LESS CURRE LIABILITIES 699,694 745,025 NET ASSETS 699,694 745,025 FUNDS Unrestricted funds 11 699.694 745,025 TOTAL FUNDS 699,694 745,025 The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th November 2024. The members have not required the company to obtain an audit of its fmancial statements for ihe year ended 30th November 2024 in accordance with Section 476 of the Companies Act 2006. The trustees acknowledge their responsibilities for (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and preparing financial statements which give a ttwe and fair view of the state of affairs of the charitable company as at the end of each fancIal year and of its surplus or deficit for each fjnancial year in accordance with the requirements of Section5 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. (b) The notes forni part of these financial statements Page 7 continued.-.
GURDWARA BABA VADBHAG SINGH JI CHARITABLE TRUST Balance Sheet - continued 30TH NOVEMBER 2024 These fmancial statements have been prepared in accordance with the provisions applicable to charitable coinpanies subject to th¢ small companie5 regime. The fmancial statements were approved by the Board of Trustees and authorised for issue on 18th August 2025 and were signed on its behalf by: Ms G Selwa- Trust¢¢ The notes fonn part of these financial statements Page 8
GURDWARA BABA VADBHAG SINGH JI CHARITABLE TRUST Notes to the Financial Statements FOR THE YEAR ENDED 30TH NOVEMBER 2024 ACCOUNTING POLICIES Basis of preparing the financial statements The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'AcciJunting and Reporting by Charitie5'. 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 l January 2019),, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Cornpanies Act 2006. The flnancial statements have been prepared under the historical cost onvention. Income All income is recognized in the Statement of Financial Activities once the charity h&5 entitlement to the fvnds. it is probable that the income will be received 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 c05t5 cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. Tangible fixed assets Depreciation is provided at the following annual rates in order to WTite off each a55et over its estimated use1 life. Fixtures and fittings 150/0 on reducing balance Stocks Debtors are valued Vdt the lower of cost and net realisable value, after making due allowance for obsolete and slow moving iterns. Taxation The charity is exempt from corporation tax on its charitable activities. Fund accounting Unrestricted fid8 can be used in accordance with the charitable objectives at the discretion of the 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. Further explanation of the nature and purpose of each fund is included in the notes to the fllwicial statements. Pension eosts and other post-retirement benefits The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable ompany's pension scheme are charged to the Ststement of Financial Activities in the period to which they relate. Page 9 continued...
GURDWARA BABA VADBHAG SINGH JI CHARITABLE TRUST Note5 to the Finaneial Statements- eontinued FOR THE YEAR ENDED 30TH NOVEMBER 2024 INVESTMENT INCOME 2024 2023 Other interest 324 352 RAISING FUNDS Raising donation5 and legacies 2024 2023 Staff costs Insurance Light and heat Telephone Advertising Sundry expenses Motor and travelling Groceries Repairs and maintenance Depreciation Support costs 43,935 1,762 27,805 668 1,383 11,196 2,185 23,218 52,838 6,329 1,805 30,828 1,145 17,316 672 1.852 13,389 690 26,684 6,612 4,156 173,124 103,344 NET INCOMEI(EXPENDITURE) Net incomel(expenditure) is stated after chargingl(crediting): 2024 2023 Depreciation - owned assets Deficit on disposal of fixed assets 6,329 1,085 4,156 TRUSTEES, REMUNERATION AND BENEFITS There were no trustees, remuneration or other benefits for the year ended 30th November 2024 Dor for the year ended 30th November 2023. Trustees, expenses There were no trustees, expenses paid for the year end¢d 30th November 2024 nor for the y¢ar ended 30th November 2023. Page 10 continued...
GURDWARA BABA VADBHAG SINGH JI CHARITABLE TRUST Notes to the Financial Statements - continued FOR THE YEAR ENDED 30TH NOVEMBER 2024 STAFF COSTS The average rnonthly number of employees during the year was as follows: 2024 2023 Average number of employees No employees received emoluments in excess of £60,000. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unreslricted fund INCOME AND ENDOWMENTS FROM Donation5 and legacies J58,731 Investment income 352 Total 159,083 EXPENDITURE ON Raising funds 103,328 Charitable activities Donations and charity 1,000 Other 10,449 Tolal 114,777 NET INCOME 44,306 RECONCILIATION OF FUNDS Total funds brought forward 700,719 TOTAL FUNDS CARRIED FORWAIiD 745,025 Pagell continued...
GURDWARA BABA VADBHAG SINGH JI CHARITABLE TRUST Notes to the Financial Statements - continued FOR THE YEAR ENDED 30TH NOVEMBER 2024 TANGIBLE FIXED ASSETS Improvement to property Fixtures Freehold property Motor vehicle5 fitting5 Totals COST At I st December 2023 Additions Disposals 114,341 279,816 38,502 6,995 23,695 (6,995) 439,654 23,695 (6,995) At 30th November 2024 114,341 279,816 38,502 23,695 456,354 DEPRECIATION At I st December 2023 Charge for year Eliminated on disposal 20,004 2,775 1,941 3,554 (1,941) 21.945 6.329 (1,941) At 30th November 2024 22,779 3,554 26,333 NET BOOK VALUE At 30th November 2024 114,341 279,816 15,723 20,141 430,021 At 30th November 2023 114,341 279,816 18,498 5,054 417,709 DEBTORS 2024 2023 Gift aid Stocks Prepayments Loans 20,146 3,210 754 19,227 3,150 1,091 10,998 24,110 34,466 Page 12 continued...
GURDWARA BABA VADBHAG SINGH JI CHARITABLE TRUST N()tes to the Financial Statements- continued FOR THF. YEAR ENDED 30TH NOVEMBER 2024 io. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Trade creditors Pension Net wages Accrued expenses 7,056 323 2,833 2.892 4,082 154 1,334 1,956 13.104 7,526 ii. MOVEMENT IN FUNDS Net movement in funds At 1112123 At 30111124 Unrestrieted funds Gcn¢ral fund 745,025 (45,331) 699,694 TOTAL FUNDS 745,025 (45,331) 699,694 Net mov¢ment in nds, included in the above are as follows: Incorning resources Resources expended Movement in r1d$ Unrestricted funds General fund 137,510 (182,841) (45,331) TOTAL FUNDS 137,510 (182.841) (45,331) Comparatives for movement in funds Net movement in funds At 1112122 At 30111123 Unrestrieted funds G¢neral fund 700,719 44,306 745,025 TOTAL FUNDS 700,719 44,306 745,025 Page 13 continued...
GURDWARA BABA VADBHAG SINGH JI CHARITABLE TRUST Notes to the Financial Statements- Continued FOR THE YEAR ENDED 30TH NOVEMBER 2024 ii. MOVEMEY4T IN FUNDS - Continued Comparative net movement in fimds, included in the above are as follows.. Incoming resource5 Resources expend¢d Movement in funds Unrestrieled funds General fimd 159,083 (114,777) 44.306 TOTAL FUNDS 159.083 (114,777) 44,306 A current Ye 12 months and prior year 12 months co]nbined position is as follows: Net movement in funds At 1112122 At 30111124 Unrestricted funds General fund 700,719 (1,025) 699,694 TOTAL FUNDS 700,719 (1,025) 699,694 A current year 12 months and prior year 12 montbs combined net movement in funds, included in the above are as follows: Incoming resources Resources expended Movement in funds Unrestricted funds General fund 296,593 (297,618) (1,025) TOTAL FUNDS 296,593 (297,618) (1,025) 12. RFLATED PARTY DISCIA)SURES There wer¢ no related paty transactions for the year ended 30th Novernbcr 2024. Page 14
GURDWARA BABA VADBHAG SINGH JI CHARITABLE TRUST Detailed Statement of Financial Activities FOR THE YEAR ENDED 30TH NOVEMBER 2024 2024 2023 INCOME AND ENDOWMENTS DonatlODS and legacies Donations Gift aid Bank interest 116,650 20,478 58 139,504 19,227 137,186 158.731 Investment income Other interest 324 352 Total incoming resources 137,510 159,083 EXPENDITURE Raising donations and legacies Gross wages and national insurdnce Pensions Insurance Light and heat Telephone Advertising Sundry expenses Motor and travelling Groceries Repairs and maintenance Depreciation of tangible fixed assets 43,255 680 1,762 27.805 668 1.383 11,196 2,185 23,218 52,838 6.329 30,187 641 1,145 17,316 672 1,852 13,389 690 26,684 6,612 4,156 171,319 103,344 Charitable activities Donation 2,243 1,000 Support Costs Finance Bank charges Loss on sale of tangible fixed assets 788 1,085 783 ,873 783 Governance costs Accountanry fee5 Professional fees 3,084 4,322 1,956 7,694 7,406 9,650 This page does not forn) part of the statutory fmancial slatements Page 15
GURDWARA BABA VADBHAG SINGH JI CHARITABLE TRUST Detailed Statement of Financial Activities FOR THE YEAR ENDED 30TH NOVEMBER 2024 2024 2023 Total resources expended 182,841 114,777 Net (expenditure)lincome (45,331) 44,306 This page does not forn part of the statutory fmancial statements Page 16