COMPANY REGISTRATION NUMBER: 07767690
CHARITY REGISTRATION NUMBER: 1148670
Guru Nanak Society Of London Trust
Company Limited by Guarantee
Financial Statements
30 August 2024
TAXAUDIT ACCOUNTANTS LIMITED
Chartered accountanls & statutory auditors
The Grange,
1 Central Road,
Morden. England,
Surrey
SM4 5PQ

Guru Nanak Society Of London Trust
Company Llmltsd by Guarantee
Financial Statements
Year ended 30 August 2024
Page
Trustees, annual report (incorporating the director's report)
Independent auditovs report lo the members
Statement of financial activities (including income and
expenditure account)
12
Statemenl of financial position
Notes to the financial statements
13
14
The following pages do not form part of the financial statements
Detailed statement of financial activities
22
Notes to the detailed statement of financial activities
23

Guru Nanak Society Of London Trust
Company Limited by Guarantee
Trustses, Annual Report (Incorporating the Directorfs Report)
Year ended 30 August 2024
The trustees, who are also the directors for the purposes of company law, present their report and the
financial statements of the charity for the year ended 30 August 2024.
Referen¢• and admlnlstrative detslls
Registered charity name
Guru Nanak Soaely Of London Trust
Charlty registration number
1148670
Company reglstratlon number 077676
Prlncipal office
673 Garratt Lane
Wandsworth
London
SW17 OPB
England
Registorod offlce
673 Garratt Lane
Wandsworth
London
SW17 OPB
England
The trustees
Mr Ahuja
r Gogar
Mr Chopra
Mr Manocha
Mr Sachdev
Mr Jagmama
(Regigned 8 September 20231
(Re￿gned 10 January 2025)
(Appointed 30 September 2024)
Audilor
Taxaudit Accountsnls Limited
Chartered account8nls & Statutory auditors
The Grange.
1 Central Road,
Morden, England,
Surrey
SM4 5PQ

Guru Nanak Society Of London Trust
Company Limited by Guaranteo
Trustees, Annual Report Ilncorporating the Director's Report) (conllnu•dJ
Year ended 30 August 2024
structure. govemance aTrd managèment
Govorning document
The charity is governed by a Constitution adopted in September 2011 and last revised in August 2012.
and conslilules a limited company, limited by guarantee. as defined by the Companies Act 2006. The
Board of Trustees. holds ultimate responsibility for the overall control and strategic direction of the
charity. Trustees offer their time voluntarily and receive no remuneration or other financial benefits.
Trustee meetsngs are held monthly and follow a formal agenda. Decisions are made by &mple
majority vote. These meeb'ngs cover strategic oversight. risk and reserves management. policy
direction, inter4Jrganisational relations, and Ferformance monilonng.
D8y-tO-day operations and administration are delegated lo the Executive Commrttee.

Guru Nanak Society Of London Trust
Company Limited by Guarantse
Trustees. Annual Report (Incorporating the Directorfs Report) (co*>tlnued)
Year ended 30 August 2024
ObjectNe8 and actlvltle8
The objects d the charity are the promots.on of Sikhism and the development of communrty integration
by providing faalitie5 to support ils members and other5 in understanding Sikh philosophies through
education and discussions.
The aims of the charity are..
Organising Diwans and celebrdle Gurpurbs.
Maintain the Gur¢JWara and the Sikh Centre.
Provide facilities for the learning of the Punjabi language and Sikh Studies
Maintain a library and other resources and material ¢)n the Sikh religion. history, and heritage.
Prornoting interfaith understanding and cooperation wlh other c(ynmunities and charrties.
Organise philosophical discussions and promote the Sikh Rehat Maryada.
Supporting academic research into Sikhism.
Discouraging practices contrary to Sikh teachings.
The charity carries out Its aims through a variety of educational and religious activitie$ including
seminars, discus$ion$, training sessions, and daily religious services. A free community kn'tchen
Ilangarl 0￿rateS most days of the year. Special religious events, including weekly Diwans. Gurpurbs,
and Nagar Kirtans, are also conducted.
The trustees confimi they have had regard to the Charity Commisston's guidance on public ￿nefit
when selling objeth'ves and planning a¢livitie$.
Trustee Induction and Training
Most trustees are well-acquainled with the charity's work. New trustees and volunteers are
encouraged to acquire relevant skills to effectively support the charity's objectives. The Charity
facililale$ suilatje Iraining opportunities through external voSuntary sector training providers. New
trustees are supported in familiarising themSe￿e5 wth the charity's operations and the wder context
in which il functions.
Ri$k Man•gornont
Trugtees Conduct an annual review lo identify and assess risks facing the charity. They are satisfied
that appropriate systems are in place to mitsgale these risks. Where nece&5ary, professional advice is
sought lo ensure robust intemal controls and risk management procedures.
The trustees have considered the major financia and other risks faced by the charity and where
appropriate have enligted the help of professional a(fvisors to establish systems and procedures to
manage thoge risks.
Rellglous Activitiès
Major rdigious observances and Gurpurbs were celebrated in accordance wlh religious customs and
relevant govemmenl guidelines.
Volunteer5
The trustees express sin￿￿ gratitude to 311 volunteers and donors whose generous contributions
particularly in the langar and community services
have supported the smooth functs'oning of both
Gurtharas.

Guru Nanak Society Of London Trust
Company Limited by Guarantee
Tru8tees' Annual Report (Incorporating the Director's Report) (wthnu•d)
Year ended 30 August 2024
Strateglc report
The followng sections for achievements and performance and financial review fomi the strategic
le￿t of the charity.
Achle¥ement8 and perforynance
The charity anlicipales continling with its current aclivil'es and enhancing its faulities for both the Sikh
and wider Iccal communits'es. Key future inrtiatives indude..
Constitutional Review.. Upd*'ng the Trust's Constitution lo refiect modern governance best
practices, current UK charity law, and broader legal obligations.
Digital Donalion5' Installation of contactless card reader temiinals (Electronic Gdlaksl lo reduce
reliance on cash donations
Facilities Mainlenance.. Establishing servi* contracts lo support long term maintenance at Tcob'ng
Gurdwara following the expiration of ¢ontractors' initial guarantee periods
During the year, £83.778 was stent on building enhancements to secure planning Femiission for a
new sile. Opemtional costs remain primarily associated with langar services, Utilit￿eS (notably affected
by rising energy tariffsl, and maintenance. All expenditures are carefully reviewed lo ensure value for
money and service effectiveness. Cost-efficiency measure$ have been Im￿eMented where possible.
The trustees are pleased to rewrt that full planning permission ha5 now been obtained for the
development of the charity's new site. This marks a significant milestone in the Trust's long-lerm vi&on
to expand ils facilities and better serve both the Sikh and wder eommunities. Subject lo construction
timdines and regulatory processe& it is anlicipaled that the rsew site wll be operational by autumn
2025. The trustee$ are committed lo ensuring the project is delivered to a high standard, in keeping
th the charity's values and community aspirations.
The Sile address is as follow,
North Side of FM)plar Avenue
Soulhall
UB2 4PN
Financlal revigw
The trustees are pleased to report that the net incr@a5e in Unrestricted fund$.
Reserves policy
The charity pnmarily relies on donations and offerings from members. Recognising the inherent
volats.lily of such income, the trustees aim lo maintain sufficient reserves to SUPFN)rl ongoing
operations, meet financial obligations, and invest in capital development ￿ere needed. The charity
priorilises holding liquid re*rves to ensure financial stability.
TTusto&s' responslbllltle8 Statement
The trustees. who are also directors for the purposes of company law, are responsible for preparing
the trustees, report and the financial statements in accordance with applicable law and United
Kingdom Accounting Standards (United lfjngdom Generally Accepted Accounting Prath'cel.

Guru Nanak Soal•ty Of London Trust
Company Llmh•d by Gu•ranlee
Trusle•s' Annual R•port {In¢orpor•llng lh• Dlr•ctor'• R•port) ¢t•nlmu•dl
Year ended 30 Augu•t 2024
Compony lffw rnquth th• th•rtty INile•• Io PTep•rn fln•ndal il•lem•nl• lor •Kh y•w vthlth gl¥• •
l•k th ol th• il•t• ol •ll•tr• of th• th•rft•bl• ¢ompDny Dnd lh• trumlny i••owc•• •nd
￿P￿•￿tK￿ ol Ye￿urr￿. kthiTvJ th• Ino)n* •nd •xpendNurn. lor Ihol p•rlod.
In prep•nnp Ihes• In•￿181 vjlalements. lh• Iwilem ore wu*ed lo..
Ipd iuitibk• •cCO￿ting pold•8 ond I￿n them rxNh81•1ontly:
•)bwM lh• m•lhrth and wln*kn In th• •PFllc•bl• Chqrltbgi SORP..
m•kè ludgm¢nh •cawJnbnu rttim•t•• th•1 108wi•bh and pn￿onI.
•t•t• op￿tI* UK A¢counllng Standa￿) h•¥• be￿ Id[tr￿ed. iutyocl lo •ny mo1•ts1
d￿led •nd expwned finwKlfil •tsl•menli'.
yepare Ihe ￿•r￿lI7 $lalèmoTr11 on th• o)ncem ￿1￿￿1 Inopproprl8t• lo wewme
th•1 th•rly conlknu• kn b￿1n•￿.
The l¢ustee8 8r8 lot k•epkng adoqu•l• •c£Oun1h￿ ter¥)th th•1 aro *ufficaenl to •nd
oxpkgni Ihe lrnnsxbons •nd whh rna6ona￿è ov￿rary 01 ony I'me tho fm•nd•l
F•)sftx+n ol the •n•bb th•m to •nsur8 thal the fin8rKlal $141ementi ojmpty the
Compon*$ 2006. Ttw 4180 rn3ponalble lor MleguDrdlThJ the assets of the charity 8rMI hence
for 18kM￿ rfj•son•ble ¥l•ps lor Pr￿n{1)n •nd detec1K￿•1fr8Ud •nd vrtg￿￿￿eI.
AudlhT
Eath Ol Ihe p•rnon• li a trwt•• It the d)1• ofapprnv81 ofth* r¥Forl D)nfinn* thal..
so tsf U th•y 4r• •w•rn. ther• i• no Triev￿1 audrt Mform•lb?n ol th• chaiill• auditor Trs
iaken al 8t•P8 Ihat they oughl to have laken •8 • bwte• lo make themJ•fv•$ •war• of
any mlevllnt aud* inlonmtitin •Thl to ••1gbli8h audmor h 4war• ol Ihat
truth￿. •nrN•l report and lh• slrnlegk i•pcrfl wer• 8pwov•d on 26 Juno 2025 and 81gned ¢)ft
behjlfofthe ollNstees ty.
Mr G(yar
Mrcho
TNs¢••

Guru Nanak Society Of London Trust
Company Limited by Guarantee
Independent Auditor's Report to the Members of Guru Nanak Society Of
London Trust
Year ended 30 August 2024
Opinion
We have audited the financial statements of Guru Nanak Society Of London Trust Ilhe 'charily'l for the
year ended 30 August 2024 which CC￿p11Se the stslemenl of financial actwities linclwjing income and
expenditure account), slalement of financial position and the related note5, including a summary of
significant accounting policies. The finan￿al reporting framewcKk that has been applied in their
preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 The
Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally
A￿pted Accounb"ng Practice).
In our opirion the finanaal statements..
give a true and fair view of the state of the charrty's affairs as al 30 August 2024 and of ils
incoming resources and application of resources, including its income and expenditure, for the
year then ended..
have been property prepared in accordance wlh United Kingdom Generally Accepted
Accounting Practs'ce"
have been prepared in accordance wth the requir￿entS of the Companies Act 2006.
Basis for opinion
We conducted our 8udil in accordance with Internats'onal Standards on Auditing (UK) {ISAs IUKII and
applicatAe law. Our responsibilities under those standards are further described in the audilorfs
responSi￿.11t1eS for the audit of the financial statements section of our report. We are independent of
the charity in accordance wlh the ethical requirements that are relevant to our audit of the finanaal
statemen15 in the UK. including the FRC'S Ethical Standard, and we have fulfilled our ￿her ethical
responsiknlilies in accordance wlh these requirements. We believe that the audit evidence we have
obtained is sufficient and appropriate lo provide a basis for our opinion.
Conclusions rnlating to going concem
In audits'ng the financia stalemenls. have concluded that the Irustee5' Use of the going concern
basis of accounting in the preparation of the financial statements 15 appropriate.
Based on the we have performed, have not identified any malenal uncertainli85 rdating to
events or conditions that, individually or ¢ollectNdy, may cast ￿gnIf￿an1 doubt on the charity's ability
to continue as a going concern for a period (rf at least tvElve months from when the finanaal
statements are aulhorised for issue.
Our responsb11ilies and the respon￿bil￿.eS of the trustees with respect to going concern are described
in the relevant sections of this report.

Guru Nanak Society Of London Trust
Company Limited by Guarantee
Independent Auditorf8 Report to the Members of Guru Nanak Society Of
London Trust I￿At￿t￿l)
Year ended 30 August 2024
othor infomiation
The other infomiation comprises the infomation included in the annual report, other than the financial
statements and our auditor's report thereon. The trustees are responsible for the other infomalion.
Our opinion on the financial statements does not cover the other informats'on and, except to the extent
otherwise explicitly staled in our reporL we do not expTess any form of assurance conclusion the￿On.
In connecb.on ￿th our audit of the financial slatemenls. our Tesponsibility is to read the other
infomation and, in doing so, consider whether the other infomats'on is materially inconsistent wth the
financial statements or our kn￿edge obtained in the audit or Othe￿iSe appears to be materially
misstated. If we identfy such material inconsistencies or apparent material misstatements, we are
required lo delemine whether there is a material mi58talemenl in the financial statements or a
material misslalenient of the other infomatson. If, based on the work we have performed, we conclude
that there is a material misslalement d this other information, we are required to report that fact.
We have nothing to report in this regard.
Opinions on other matters pr￿Cribed by the Conwnle8 Act 2006
In our opinion. based on the work undertaken in the ci)urse of the audiL'
the information given in the trustees, report for the financia year for ￿1¢h the financial
stslements are prepared is Consistent with the financial statements.. and
the trustees, report has been prepared in accordance with apFAicable legal requirements.
Matters on vthlch w• are roquirod to roport by oX¢gPtion
In the light of the kno￿edge aThJ understanding of the charity and its environment obtained in the
course of the audi( we have not identified material misstalemenls in the trustees, report.
We have nothing to rep￿ in respect of the fdlowng matters in rdatson to Nthich the Comparues Act
20C6 requires us to report lo you if, in our opinion..
adequate accounting records have not been kept, or returns adequate for our audit have not
been re￿iVed from branches not visled by us.. or
the financial slatdnents are ncl in agreement wlh the accounting records and retums., or
certain disclosures of trustees, remuneration specrfied by law a￿ not made., or
we have not received all the infomalion and explanations wa require for our audit.

Guru Nanak Society Of London Trust
Company Limited by Guarantee
Independent Auditorfs Report lo the Members of Guru Nanak Society Of
London Trust (continue
Year ended 30 August 2024
Re¥ponsibilltles of iru8tees
As explaned more fully in the trustees, respC￿S1bil1tieS statement. the trusteeg I￿0 are also the
directors for the purposes of company lawl 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 conlrd as
the trustees determine 1$ necessary to enoble the preparation of financial statements that are free
from materia misstatement, vthether due lo fraud or error.
In Fyeparing the finanaal slalements, the trustees are responsible for assessing the charity's ability to
continue as a going concern, disdosing, as applicable. matters rdaled lo going concern and using the
going concern basis of accounting unless the Iru5tees either intend to liquidate the Charity or to cease
operations. or have no ￿alIStiC allemative but to do so.

Guru Nanak Society Of London Trust
Company Limitsd by Guarantse
Independent Auditor's Report to the Members of Guru Nanak Society Of
London Trust Icontlnued)
Year ended 30 August 2024
Audito¢s responsibilitigs for the audlt of the financial ststemgnts
Our ot4"ectwes are to obtain reasonable assurance about whether the financial statements as a whole
are free from material misstatement, whether due lo fraud or error, and to issue an auditor's report that
includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that
an audit conducted in accordance with ISAS {UKI wll always detect a material misslatemenl when it
exists. Misstalemenls can arise from fraud or error and are considered material if. individually or in the
aggregate. they could reasonably be expected lo infiuènce the eCt￿orniC deusions of users taken on
the basis of these financial stalemenls.
Irre9ularib"es, including fraud. are instance5 of non40mplian￿ with laws and regulation5. We design
procedures in line wlh our responsibilities, outlined above, tr) deleel material misstatements in respect
of irregularities, including fraud. The extent to ￿1¢h our procedures are capable of detecting
irregularities. including fraud is detailed I￿loW..
Our assessment of the su￿epts.bIPIlY of the charity's financial stslements to materi81 misstatement.
including how fraud might occur, Is considered to be low. This conclusion was reached after the
congderation of the fdlowng..
Due to the relatively simple business model and low number of transactions wlhin the Charity. There
are Comparabvely few unexpected fluctuation5 In the reported results and balances and any such
unexpe¢led items would be specifically inquired into by us,. and
There a￿ a number of individuals which comprise "management" and therefore there is no single
individual who is likely to be able lo override conlrcls lo effect a fraud.
We designed our audit pr￿edureS lo respond lo identified audit risks, including non-compliance with
laws and regulations lirregulantiesl that are Tnaerial lo the financial slalemenls. Some of the specrfic
procedures performed lo delect irregularities, including fraud. are detailed below.
Obtaining and reviewng for completeness a list of entrie5 and persons considered to be related
partie5 las defined by Finarcial Reporting Standard 1021 and reviewing the ledgers of the Charity for
previously unreported related party transactions.,
Review of transactions journals for any indication of fra￿ or management override., and
Review of trustee meeting minutes for unrecorded transactions
Because of the inherent limitations of an audit, there is a risk that we will not delecl all irregularities,
ncluding those leading to a material misstalemenl in the financial statements or non-complian￿ wth
regulalion. This risk increases the more that compliance ¥Mth a law or regulation is removed frorn the
events and transactions reflected in the financial slalements, as we wll be less likdy to become aware
of instances of non-compliance. The risk is also greater regarding irregularits'es occurring due lo fraud
rather than error, as fraud irwolves intentional concealment, forger, cc41usion, omission
misrepresentation.
This report 15 mad8 solely to the Charity's Trustees, as a body, in accordance wth Part 4 of the
Chanties (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we
might state to the Charity's Tnjstees those matters we are required to state lo them in an auditor's
port and no other purpose. To the lullest extent permitted by law, we do not accept or assume
responsib'lity to anyone other than the Charity ar)d the Charity's Trustees as a a body. for our audit
wjrk. for this report, or for the opinions we have formed.

Guru Nanak Society Of London Trust
Company Llmitod by Guarantee
Independent Auditorfs Report to the Members of Guru Nanak Society Of
London Trust Icontinuedj
Year ended 30 August 2024
As part of an audit in accordance wlh ISAS IUKI, we exercise profe55ional judgment and maintain
professional 5cepticism throughout the audit. We also..
Identify and a&8ess the risks of material misslatemenl of the financial stat&nents, whether due lo
fraLKI or error. design and perform audit procedures responsive to those risks, and obtain audit
evidence that is sufficient and appropriate to provide a basis for our oiinion. The risk of not
detecting a material misstatement resulting from fraud is higher than for one resulting from error.
as fraud may involve collusion. forgery, intentional omissions. misrepresentations. or the override
of internal control.
Obtain an understanding of internal control relevant to the audit in order lo design audit
procedures that are appropriate in the circumstances, but not for Ihe wrwJse of expressing an
opinion on the effectiveness of the interna control.
Evaluate the appropriateness of accounting policies used and the reasonableness of accounting
estimates and related disclosures made by the trustees.
Conclude on the appropriateness of the trustees, use of the going concern basis of accounting
and. based on the audit evidence obtained. whether a material Un￿rtaInty exists related to
events or conditions that may cast significant rjoubl on the charity's ability to continue as a going
oncern. If we condude that a material unTrrtainly exists, are required lo draw allenlion in
our auditor's report lo the related dI￿10S￿re5 in the financial statements or. if such disclosures
are inadequate, to modrfy our opinion. Our conclusions are based on the audit evidents obtained
up lo the dale of our auditor's report. However, future events or conditions may cause the charity
lo ￿￿Se to conts'nue as a going concein.
Evaluate the overall presentsti(M, structure and content of the financial statements, induding the
disclosures. and whether the financial statements represent the underlying transactions and
events in a manner that achieves fail presentation.
10

Guru Nanak Society Of London Trust
Company Limited by Guarantee
Independent Auditor's Report to the Members of Guru Nanak Society Of
London Trust(continued)
Year ended 30 August 2024
We communicate MAth those charged wlh governance regarding. among other m*lers, the planned
scope and timing of the audit and significant audit findings, including any sgnifi.canl defiaencies in
intemal control that identify during our audit.
Use of out report
This report is made solely lo the charity'5 memters, as a body, in accOrdar￿e with Chapter 3 of Part
16 of the Ccxnpanies Act 2006. Our audit ￿r￿ has been undertaken so that might state lo the
charity's members tho
matters are required lo slate to them in an audito¢s report and for no
other purwse. To
e fullest extent pemiitted by law, v* do not aocept or assume responsibility lo
anyone other tha
the Charity and the charity's members as a body, for our audit work, for this report,
or for the opinio
we have formed.
Rocky Bhafl IS
Stalulory
uditorl
For and on behalf of
Taxaudit Accountants Limited
Chartered accountan15 & stalulory auditors
The Grange.
1 Central Road,
Morden, England.
Surrey
SM4 5PQ
27 June 2025
11

Guru Nanak Society Of London Trust
Company Limited by Guarantee
Statement of Financial Activities
lincluding income and expenditure account)
Year end8d 30 August 2024
2024
un￿strICted
funds Total funds Total funds
2023
Notg
Income and end0￿entS
Donations and legacies
Total Income
393,782
393,782
349,482
393,782
393,782
349,482
Expenditure
Expenditure on charitable ath'vrtie$
Total expenditure
209,670
209,670
209,670
160,345
160,345
209,670
Nel Income and net movement in funds
184,112
184,112
189.137
Reconciliation of funds
Total funds brought forvard
Total fund8 carried forward
3.137,426
3,137.426
3.321.538
2,948,289
3,137,426
3.321.538
The statement of financial ath'vilies includes all gains and losses recognised in the year.
All inccKne and expenditLJre derNe from conts'nuing activities.
The noteB on Pa9￿ 14 to 20 fonn part of these flnan¢lal $tstem•nts.
12

Guru Nanak So¢l•ty 01 London Tru8t
Comp•ny Llmltod by GuArinle•
statement ol Flnan¢lAI Posltlon
30 Augusl 2024
2D24
2023
Flx•d •ss•ts
Tor¥Jlble fixed I$8el•
12 4,893,107
4.879,788
C¥Tr•nl •s••ts
Cfrsh •1 b•nk and In ￿nd
61.395
36228
Cr•dltors: •m•unts falllng du• ￿thIft ¢fft• y••r
Pl•t ¢UTrnrt Il•bllltl•s
IJ
294,125
232,7XI
107.273
4.880,377 4.772.515
143.501
Tot*1 ass•ts1•¥s ¢¥rv•nt Il•blllll•#
Crndltars: •mounts l•lllhg th• •ft•r mor• than onè y•ar
N•1
14 1,338,e39 1.835.089
3,321.538
3,137.426
Funds gfth• ¢h•rtty
UnrestriLled fvnds
3.321.538
16 3.321,538
3.137,420
3,137.426
Totsl ¢h•rtty fvnds
These frnncaal slalemeN8 *w• approved by Ihe board ol Irusl#e¥ •Trd athhtyisèd Issue on 26
The 2025, and •re •fvJnod behaMofI￿ bojrd br.
Mr Gc9ar
TnJsle•
IAr Choprn
Trust
Th• on pA•rt 14 to 20 lorni p•rt d th•M fln•n•l•l •l•hm•nts.
13

Guru Nanak Society Of London Trust
Company Limited by Guarantee
Notes to the Financlal Stat8ments
Year ended 30 August 2024
General Infomiation
The charity is a public benefit entity and a privale Company limited by guarantee, registered in
England and Wales and a regISte￿d charity in England and Wales. The address of the
registered office is 873 Garratt Lane, Wandsworth, London, SW17 OPB, England.
ststement of Compliance
Th￿ financial statements have IRen prepared in ¢omFAiance wth FRS 102, 'The Financial
Reporting Standard applicaLle in the UK and the Republic of Irdand.. the Statement of
Recommended Practice applicable to charitie5 preparing their accounts in accordance wlh the
Financial Re￿rtIng Standard ap￿1¢able in the UK and Republic of Ireland IFRS 102) (Charities
SORP IFRS 102)) and the Companies Act 2006.
Accounting policle8
Basis of prgparatlon
The financial statements have been prepared on the historical cost basis, as modified by the
revaluabon of certain financial assets and liabilibes and investment properb'es measured at fair
value through income or expenditure.
The finan¢i?I statements are prepared in sterfing, thich 1$ the functional currency of the enb"ty.
Golng concern
There are no material uroertainb.es atroul the charity's atj'lity lo continue.
Fund accountlng
Unrestricted funds are available fcf use at the discretion of the Iruslees to further any of the
charity's purposes.
Designated funds are unrestricted funds earmarked by the trustees for particular future project or
commiknent.
Restricted funds are subjected lo restrictions on th￿r expeThJiture declared by the donor or
through the temis of an appeal. and fall inlo one of tsvo sub-clagses." re￿rIcted income funds or
endowmenl funds.
14

Guru Nanak Society Of London Trust
Company Limited by Guarantee
Notes to the Flnanclal Statements (conts"nued)
Yoar ended 30 August 2024
Accountlng pollcies Iconrinu¢dJ
Incomlng resour¢oS
All incoming resources are included in the statement of financial activities when enlidement has
passed lo the charity., it is probable that the economic benefits associated with the transaction
11 flow to the charity and the amount can be reliably measured. The following specific poliaes
are applied to path"cular categories of income..
income from donations or grants is recognised ¥pthen the￿ is evidence of entiuement to the
gift. receipt is probable and its amount Can be rneasured reliably.
legacy incixne 15 recognised when receipt is probable arKI entillemenl is established.
income from donated gO￿lS is measured at the fair value of the goods unless this 1$
impractscal lo measure reliatAy, in which case the value is derived from the cost to the donor
or the estimated resale value. Donated facilities and services are recognised in the
accounts when ￿e1Ved if the value can be reliably measured. No amounts are induded for
the contribution of general volunteers.
income from contracts for the supply of services is recognised wlh the delivery of the
contracted seTvice. Thi5 is classified as unrestncted funds unless there is a contractual
requirement for it to be spent on a path'cular purpose and retumed if unspent, in which case
it may be regarded as restricted.
Resources expended
Expenditure is recognised on an ￿¢ru315 basis as a liability Is incurred. Expenditure includes any
VAT which cannot te fully recovered. and is classified under heading5 of the slalemenl of
finanaal activities to ￿lCh it relates..
expenditure on raising funds includes the costs of all fundraising activities, events.
non-charitable trading acb"vities, and the sale of donated goods.
expenditure on charitatle activits'es includes all costs incurred by a charity in undertaking
acts'vits"es that further its charitable aims for the benefit of its beneficiaries. including th05e
support costs and costs relating to the govemance of the Gharity apportioned to charitable
aclivilies.
other expenditure includes all expenditure that is n￿ther related lo raising funds for the
charity nor part of its expendrture on charitable activities.
All costs are allocat&J to expenditure categories ￿flectIng the use of the resource. Direct cost5
allribulable to a single actwity are allocated direclly to that actNily. Shared costs are apportioned
between the activities they contnbute lo on a reasonable, iuslifiable and consistent basis.
Tangible as5els
Tangible assets are initially recorded at cost, and subsequenUy staled al cost les5 any
accumulated depreciation 2nd impaimient losses. Any langitAe assets carried at revalued
amounts are recorded at the fair value al the dale of revaluation less any subsequent
accumulated depreciation and subsequent accumulat8J impaimienl losses.
15

Guru Nanak Society Of London Trust
Company Llmitsd by Guarantee
Notes to the Financial Statements fcon¢lnuedJ
Year ended 30 August 2024
Accounting policle8 (coniinuod)
Tanglble a88ets (conllnued)
An increase in the carying amount of an asset as a result of a revaluation, is recognised in other
recognised gains and losses, unless it reverses a charge for 1mpairment that has previously been
recognised as expenditure within the statement of financial actThiilies. A decrease in the carrying
amount of an asset as a result of revaluation, is recognised in other recognised gains and losses,
except to whiGh it offsets any previous revaluation gain, in which case the loss is shown w7thin
other recognised gains and losses on the statement d finanaal acb'vib'es.
D&pr•¢iatlon
Depreoalion is calculated so as lo write off the cost or valuation of an asset, less its ￿SIdUal
value, over the useful economic life of that asset as follows..
Freehold property
Long leasehold propety
Fixtures and fittings
1Vo Straight line
999 years over the remaining life of asset
25Yv reducing balance
Impalrment of flxed assets
A review for indicators of impairment is carried out al each reporting date, wth the recOVera￿e
amount being estimated ￿ere such indicators exist Where the carrying value exceeds the
recoverable amount, the asset is impared accordingly. Prior impairments are also reviewed for
possble reversal at each reporting date.
For the purposes of impaimienl lesling, when it is not posSi￿e lo estimae the recoveratle
amount of an individual asset, an estimate is made of the recoverable amount of the
cash-generaling unil lo which the as*t belongs. The cash-generaling unit is the smallest
identifiable group of assets that Includes the asset and generates cash inflows that largely
independent of the cash inflows from other assets or groups of assets.
For impairment testing of g¢x)dwll, the gooth"Il a¢qui￿d in a business ￿mbinatIon is, frcm the
acquisition dale. allocated to each of the cash-generating units that are expected lo benefrt from
the synergies of the combination, irresFective of whether other as5els or liabilities of the charity
a￿ assigned to those units.
Financial Instruments
A financial asset or a finan￿al liability is re¢cxJnised only when ttE charity bewmes a paty to the
contractual provisions of the instrument.
Bawc financial instruments are initially reccgnised al the amount receivable or payable including
any related transaction cost5.
Current assets and current liabilities are stjbsequently measured * the cash or other
consideration expected to be paid or received and not discounted.
Debt instruments are subsequently measured at amorb.sed cost.
16

Guru Nanak Society Of London Trust
Company Limited by Guarantse
Notes to the Financial Ststements i¢ontinuedJ
Year ended 30 August 2024
Accounting policles (¢¢)nllnuedJ
Financial inslruments (conthued)
Where investments in shares are publicly traded or their fair value can otherwse be measured
reliably, the investment is subsequently measured at fair value wlh changes in fair value
recognised in income and expenditure. AJI other such investments are subsequently measured at
cost less impaimient.
Other h'nancial instruments, induding deriv*ive$, a￿ initially ￿Cognised at fair value. unle5S
payment for an asset is deferred beyond normal busi￿$$ terms or financed al a rate of interest
that is not a market rate, in which case the asset 1$ measured at the present value of the future
payments discounted at a market rate of intere51 for a similar debt instrument.
Other fi'nancial instruments are subsequently measured al fair value, wth any changes
recognised in the statement of financial activities. ¥Mth the exeepts'on of hedging instruments in a
designated hedging relationship.
Financial assets that are measured at C091 or amortiged cost are reviewed for objective evidence
of impaimenl at the end of each reports'ng date. If there is obj'ective ￿Idence of impairment, an
impaimient loss is reccgnised under the appropriate heading in the statement of finan¢ial
activities in which the inrtial gain was recognised.
For all equrty inslrumentg regardless of significan￿, 2nd other fin2ncial assets that are
individually significant, these are assessed individually for impairment. Other fir￿ncIal assets are
either assessed individually or grouped on the basis of similar credit risk ¢haracleristi¢s.
Any reversals of impairment are recognised immediatdy. to the extent that the reversal does not
result in a carying amount of the financial asset that exceeds what the carrying amount would
have been had the impaimient not previously been recognised.
Llmlted by guarantoè
The Charity is limited by guarantee.
Donations andlggaclgs
Unrestricted Total Fund8 Unrestricled Total Funds
Funds
2024
Funds
2023
{roSt8t•dJ
Donations
Ctjnalions
393.782
393.782
349.482
349,482
17

Guru Nanak Society Of London Trust
Company Limited by Guarantee
Notes to tho Financial Statements (continued)
Year ended 30 August 2024
Expenditurg on charltable activltlgs by fund type
Unrestricted Total Funds Unre$trs¢led Total FurKIs
Funds
2024
Funds
2023
(r8St&tedJ
Current year acb'vty
Support costs
203,670
6.000
203,670
s,000
158,343
2,002
160,345
158.343
2.002
160.345
209,670
209,670
Expenditure on charitable activilie5 by aclivity type
A¢b"vilies
undertaken
directly Support costs
Total funds
2024
Total fund
2023
Current year activity
GOv￿nanCe costs
203,670
203,670
6,000
158.343
2,002
6,000
6,000
203,670
209,670
160.345
Net Incorne
Net income is stated after charginty{credilingl."
2024
2023
{resrate¢¥J
Depreciation of tangible fixed assets
70,460
14,275
Audilors remunoration
2024
2023
(reslated)
Fees payable for the audit of the financial statements
6.000
3,500
10. Staff c08ts
The total staff costs and employee benefits for the reporting period are analysed as follow6..
2024
2023
(rest•tvdJ
Wages and salaries
14,269
During the year, no priest was hired lo perform religious services for the Sangat. All rdigious
duties and ceremonies were voluntarily conducted by memters of the ccmmunity. As such, no
expenditure was incurred for priest services during the financial year.
18

Guru Nanak Society Of London Trust
Company Limited by Guarantee
Notes to the Financial Statements icontlnued)
Year ended 30 August 2024
10. Staff costs f¢¢)nWftu6d)
The average head count of employees during the year was Nil {2023.. 1). The average number of
full-time equivalent employees during the year 15 analysed as follows=
2024
2023
Number of staff - tyFe 1
No emF4oyee received emF4oyee benefits of more than £60.000 during the year12023.. Nill.
11. Trustse rgmunerdtlon and expon$é8
No remuneration or other tenefits fr￿Tr employment with the charity or a related entity ￿tre
received by the Iruslees.
12. Tangible fixed asset8
Long
leasehold Fixtures and
propety
fitbngs
Freehdd
propety
Total
Al 31 August 2023 las restated)
A¢*litions
4,169,436
83,779
667.524
68,730
4,905,690
83,779
At 30 August 2024
Dèpr•¢iation
At 31 August 2023
Charge for the year
At 30 August 2024
Carrying amount
At 30 August 2024
At 30 August 2023
4.253,215
667.524
68,730
4.989.469
25,902
21,246
47,148
25,902
70,480
96,362
42,532
42.532
6,682
6,682
4.210.683
660.842
21,582
4.893.107
4,169,436
667,524
42,828
4.879.788
13. Creditors: amounts falllng due wlthln ono yèar
2024
2023
(r•s¢atodJ
Other loan5
Bank loans
Accruals and deferred incorne
140,000
148,125
6,000
140,001
3,500
294,125
143,501
19

Guru Nanak Society Of London Trust
Company Limitsd by Guarantee
Notes to tho Financial Statsments (continued)
Year ended 30 August 2024
14. Credilors.. amounts falllng due after more than one year
2024
2023
(rosiatedj
Bank loans and overdrafts
1,338,839
1.635,089
The loan is secured on charity property.
15. Analysis of charftable fund8
Unrgstricted funds
Al
31 August 20
23
Al
30 August 20
Ircome Expenditure
General funds
3,137,426
393,782
{209.6701 3,321,538
Al
31 August 20
22
At
30 August 20
23
I￿orne Expenditure
General funds
2,948,289
349,482
1160.3451 3,137,426
18. Analysis of nel assets belween funds
Unrestricted Total Funds
Funds
2024
Tangible fixed assets
Current assets
Creditors lexs than 1 year
Creditors greater than 1 year
Not assets
4,893,114
4.893,114
61,395
61,395
1146,0011 1146,0011
11,486,9641 {1,486,9641
3.321.544
3.321,544
Unrestricted Total Funds
Funds
2023
Tangible fixed assets
Current assets
Creditors less than 1 year
Creditors greater than 1 year
Nel assets
4,879,787
4.879,787
36,228
36,228
{143, 5001
1143,5001
{1,635,0891 {1,635,0891
3.137.426
3.137,426
20

Guru Nanak Society Of London Trust
Company Limitsd by Guarantse
Management Infomiation
Year ended 30 August 2024
Tho following pages do not form part of tho financial statements.
21

Guru Nanak Society Of London Trust
Company Limltod by Guarantee
Detailed Ststsment of Financial Activities
Year ended 30 August 2024
2024
2023
Income and endovmionts
Donatlon8 and Itga¢ie5
Donations
393,782
349,482
Total in¢ome
393.782
349,482
Exp&nditure
Expendituro on charitable actlvltles
Wages and salaries
Rates and ￿dter
Light and heal
Repairs and manlgnance
Insurance
Legal and professional fees
Depreciation
Bank charges
Interest on bank loans
Kitchen Langar
Cleaning
14.269
1.064
15.710
375
5.516
3.877
14.276
1.287
101,559
1861
2,498
160,345
878
15,735
1.057
2.166
6.000
70.459
2.267
1C6.581
2.020
2,507
209.670
Total expendI￿rn
209,670
160,345
Net incorno
184,112
189,137

Guru Nanak Society Of London Trust
Company Limited by Guarantee
Notes to the Detailed Statement of Financial Activities
Year ended 30 August 2024
2024
2023
Expendlture on Charitable activitie8
Current year activity
Activities undertaken directly
Direct charitable activity 1 - wageslsalaries
Di[￿t charitable activity 1 raes & water
Oirect charitable activity 1 - light & heal
Direct charitable adivily 1 repairs & maintenance
Direct charitable activity 1 insurance
Direct charitable activity 1 - legal and professional fees
Direct charitable adivity 1 depreciation
Direct charitable adivity 1 Bank charges
Direct charitable activity 1 interest on bank loans
Direct charilable activity 1 Kitchen langar
Direct charitable activity 1 CleaniThJ
14,269
878
15.735
1,057
2.166
15.710
375
5,516
375
14,276
1,287
101,559
1.414
2.498
70.459
2.267
106,581
2.020
2.507
203,670
158.343
Governanc8 c08ts
Govwnance costs - audit fees
Gov￿nanCe costs- Previous year correction
6.000
3,502
11,5001
2,002
6,000
Expènditur• on charitablo actlvltle8
209,670
160,345
23