COMPANY REGISTRATION NUMBER: 07767690 CHARITY REGISTRATION NUMBER: 1148670 Guru Nanak Society Of London Trust Company Limited by Guarantee Financial Statements 30 August 2025 TAXA ITED Chartered accountants & statutory auditors The Grange, 1 Central Road, Morden, England, Surrey SM4 5PQ Guru Nanak Society Of London Trust Company Llmited by Guarantee Flnancial Statements Year ended 30 August 2025 Page Trustees, annual report (incorporating the directorfs report) Independent auditorfs report to the members Statemenl of financial activities (including income and expenditure account) 14 Statement of financial position Notes to the financial statements 15 16 The following pages do not form part of the financial statements Detailed statement of financial activities Notes to the detailed statement of financial activities 25 Guru Nanak Society Of London Trust Company Limited by Guarantee Trustees, Annual Report {Incorporating the Director's Report) Year ended 30 August 2025 The ttuslees, 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 2025. Rgf¢ren¢è and administrative details Rogi$tered ¢harity narng Guru Nanak Society Of London Trust Charlty reglstratlon number 1148670 Company regl8tratlon number 07767690 Prlnclpal offlce 673 Garratt Lane Wandsworth London SW17 OPB England Reglstered offlce 673 Garratt Lane Wandsworth London SVV17 OPB England Th• Irustoes Mr Gogar Mr Chopra Mr Manocha Mr Sachdev Mr Jagmama (ReS￿ned 10 January 2025) (Appointed 30 September 20241 Audltor Taxaudit Accountants Limited Chartered accountants & statutory auditors The Grange, 1 Central Road. Morden. England, Surrey SM4 5PQ Guru Nanak Society Of London Trust Company Limited by Guarantee Trustees, Annual Report Ilncorporating the Directorfs Report) (¢oniin¢wdJ Year ended 30 August 2025 structure, governancè and management Governing document The charity is governed by a Constitution adopted in September 2011 and last revised In August 2012. and constitutes 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 lime voluntarily and ￿ceIve no ￿muneratIon or other financial benefits. TTuslee meetings are helrj monthly and follow a formal agenda. De¢isions a￿ made by simple majority vole. These meetings ¢over strategic oversight, risk and reserves management, policy direction, inter- organisalional relations, and performance monitoring. Day-to-day operations and administration are delegated to the Executive Committee. Governanc¢ Trustee meetings are held regularly throughout the year, including informal and operational discussions held in conjunction with weekly religious gatherings and community activities at the Gurdwara. Decisions are generally made collectively by the trustees through majoiity agreement where required. Matters considered by the trustees inclu(Je strateglc oversight, safeguarding. financial management, operational aclivilies. reserves management, Compliance mallers, and the ongoing development and operation of the charity's facilities, including the Soulhall Gurdwara site. Given the size and community-based nature of the charity, the day-to-day administration and operational activities are managed directly by the Iruslees with the support of authorised volunteers and members of the Sangat. Guru Nanak Society Of London Trust Company Llmlted by Guarantse Trustees. Annual Report (Incorporating the Dlrector's Report) (cotrJllnuÈdJ Year ended 30 August 202S ObjeGtlves and acllvltles The charity's principal objectives are the advancement of the Sikh ￿ligIOn and Ihe promotion of community cohesion through religious. educats'onal. and charitable activities. This is achieved through the provision and maintenance of Guardian faeilib'es and through promoting Sikh philosophy, Punjabi language, Sikh heritage, culture, and religious practices for the benefit of both the Sikh and wider communities. The aims of the charity a￿.. Organising and celebrating Gurpurbs and significant Sikh religious events Maintaining and operats'ng the Gurdwara and Sikh community facilities Providing facilities for the teaching of Punjabi and Sikh Studies Promoting Sikh values, teachings, and Sikh Rehal Maryada Supporting interfaith dialogue and community engagement Providing community Welfa￿ support and ¢harilable assistance Operating langar {free community kil¢hen facilities) Supporting educational. cultural, and religious seminars and activities Daily religious services and community activities continued throughout the year at the charitys established premises. The trustees confim that they have complied with their duty under Section 17 of the Charrties Act 2011 to have due regard to the Charity Commission's public benefit guidance when planning and undertaking the charity's activities. Trustee Induction and Tralning Most Iruslees have extensive experience and familiarity with the charity's religious and community aclivilies. Newly appointed trustees and volunteers are encouraged to undertake relevant training and development to support the effe￿ve discharge of their responsibilities. Trustees are provided with guidance regarding their legal obligations under charity and company law, including responsibilities relating to safeguarding, fi'nancial oversight, and public benefit requirements. Risk Management Trustees conduct an annual review to identify and assess risks facing the charity. They are satisfied that appropriate systems are in place to miligale these risks. Where necessary, professional advice is sought lo ensure robust intemal controls and risk management procedures. The Iruslees have considered the major financial and other risks faced by the charity and where appropnate have enlisted the help of professional advisors to establish systems and procedures to manage those risks. Rellglous Actlvltles Major Sikh religious observances and Gurpurbs were ¢e￿brated during the year in accordance with Sikh traditions and Teli9ious customs. Religious services, kirtan programmes. and community gatherings continued to form a central part of the charity's activities. Volunteers The trustees wish to place on record their sincere appreciation to all volunteers. donors, sewadars. Guru Nanak Society Of London Trust Company Limited by Guarantse Trustees. Annual Report Ilncorporating the Directorfs Report) (contlnued) Year ended 30 August 2025 and members of the Sangal for their continued support and dedication throughout the year. Their voluntary contributions remain essential to the successful operation of the charity's religious. charitable, and community activities, including the operation of langar services and support for both Gurdwara sites. strategic report The following sections for achievements and performance and finanoal review form the strategic report of the charity. AGhigvements and performance Major Developrnents During the Year & Post Balance She&t Evgn¢$ wara Sitb A significant focus of the trustees during the year continued to be the development and preparation of the charity's second Gurdwara sile known as.. Gurdwara Guru Amar Das Ji Norwood Green. Poplar Avenue, Southall, Middlesex. UB2 4PN. The trustees consider this development to represent a major milestone in the long-term growth and expansion of the charity's religious and charitable activities within Ihe Southall and wider West London Sikh community. The trustees are pleased to report that subsequent to the year end. the Nishan Sahlb (Sikh flagl al the Norwood Green site was respectfully raised on 30 January 2026. formally marking the commencement of limited religious activities at the site. Since that date, the premises have been opened on a controlled and limited basis for Sangat attendance. Maryada observance, prayers, and related religious purposes. The Iruslees emphasise that the site is not yet fully operational for unrestricted public use, as certain remaining construction works. compliance mallers, and operational preparations are still ongoing prior to the formal official opening of the Gurdwara. However, the trustees are pleased lo confirm that religious activities have now commenced at the site and the Soulhall Gurdwara is partially functional and serving the Sangal community. Donations are currendy being accepted both through fixed Golak donation facilities and electronic card payment terminals installed at the premises. The Iruslees believe that comptetion and full operation of the Southall Gurdwara will significantly enhance the charity's ability lo deliver religious, educational, and community services in future years. Guru Nanak Society Of London Trust Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Reportl (contln4ffj¢Y) Year ended 30 August 2025 Flnanclal revlew The charity Continues to be primarily funded through donab'ons and offerings received from memters of the Sangat and the wider cornmunty. For the year ended 30 August 2025, the charity recorded total donation income of approximately £406,954. The charity reported a surplus for the year before appropriations of approximately £210,124. During the year. expenditure continued to be incurred on repairs and maintenance, langar services. financing costs, professional fees. and ongoing capital development work5 relating to the Southall site. Capital additions during the year amounted to approximalely £83,907 relating primarily lo ongoing property and development expenditure. Reser¥e5 poIIcy The trustee5 recognise the importance of maintaining adequate reserves to ensure th8 continued financial stability and sustainability of the charity. The charity seeks to maintain sufficient unrestricted reserves to support ongoing operabons, meet fi'nancial obligations and loan repayments. maintain religious facilib'es, and support future developmenl and expansion projects. The trustees regularly review the resetwes position as part of their ongoing financial oversight responsibilities. Guru Nanak Society Of London Trust Company Limited by Guarantee Trustees, Annual Report Ilncorporatlng the Dlrector's Report) (contlnu•dJ Year ended 30 August 2025 Plans for future periods The Iruslees intend to continue developing and expanding the charity's religious and community aGlivitie5 over the coming years. Key priorities include.. Completion and formal opening of the Soulhall l N0￿c4)d Green Gurdwara site Expansion of religious and educational programmes Continued investment in Gurdwara facilities and infrastructure Enhancement of digital donation systems and financial controls Ongoing maintenance and improvement works at existing premises Continued promotion of Sikh teachings, heritage. and community integration The trustees remain committed to ensuring that the charity continues lo serye both the Sikh and wider mmunitie5 effeGlively and sustainably. Trustees. responsibilities statement The trustees. who are also directors for the purposes of company law, are responsible for preparing the trustees, report and the financi81 statements in accordance with applicable law and Unrted Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Praclicel. Company law requires the charity trustees lo prepare financial statements for each year which give true and fair view of the state of affairs of the charitable company and the incoming resources and application of resources. including the income and expenditure. for that period. In preparing these financial slalements. the trustees are required to.. select suitable accounting policies and then apply them Gonsistentty,. observe the methods and principles in the applicable Charities SORP., make judgments and accounts'ng estimates that are reasonable and prudent.. stale whether applicable UK Accounting Standards have been followed, subject to 8ny material departures disclosed and explained in the financial stslemenls- prepare the financial statement5 on the going concern basis unless rt is inappropriate to presume that the charity will continue in business. The trustees are responsible for keeping adequate accounting records that are sufficient lo show and explain the charity's transactions and disclose with reasonab￿ accuracy al 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 the assets of the charity and hence for tsking reasonable steps for the prevention and deteclion of fraud and olher i(regularities. Guru Nanak Society Of London Trust Company Limited by Guarantee Trustses. Annual Report (Incorporating the Director's Report) (contlnued) Year ended 30 August 2025 Auditor Each of the persons who is a trustee at the date of aPPToval of this report confirms that.. so far as they are aware, there is no relevant audit informalion of which the charity's auditor Is unaware-, and they have taken all steps that they ought lo have taken as a trustee to make themselves aware of any relevant audit information and to establish that the charty's auditor is aware of thal information. The Iruslees. annual report and the strategi¢ report were approved on 26 May 2026 and signed on behalf of the board of trustees by.. Mr Gogar Trustee Mr Chopra Trustee 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 2025 Oplnion We have audited the financial statements of Guru Nanak Scciety Of London Trust (the 'charitll for the year ended 30 August 2025 which comprise the statement of financial actsvities (including income and expenditure account), statement of financial position and the related notes. including a summary of significant accounting policies. The financial reporting framework 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 Iunited ￿'ngdoM Generally Accepted Accounting Practice). In our opinion the financial statements.. give a true and fair view of the state of the charity's affairs as at 30 August 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 Klngdom Generalty Accepled A¢¢ounting Practice.. have been prepared in accordance with the requirements of the Companies Act 2006. Basi$ for opinion We have been appointed as auditor under section 144 of the Charities A¢t 2011 and report in accordance wlh the Act and relevant regulations m&le or having effect Ihereunder. We conducted our audit in attordance with International Standards on Auditing (UK) IISAS IUKII and applicable law. Our responsibilities under those standards are fijrther described in the auditor's responsibilities for the audit of the financial ststements section 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 Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is suffi'cRnt and appropriate to provide a basis for our opinion. Conclusions relating to going ¢on¢ern In auditing the financial statements. we have ¢on¢luded that the trustees. use of the going ¢on¢ern basis of acGounting in the preparation of the finan¢ial ststemenls 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 concern for a period of at least fftfve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the Iruslee5 Wlth respect to going concern are described in the relevant sections of this report. Guru Nanak Society Of London Trust Company Limited by Guarantee Independent Auditor's Report to the Members of Guru Nanak Society Of London Trust (eontlftt*d) Year ended 30 August 2025 Other Infomiation The other information comprises the information included in the annual report, other than the financial 5tstements and our auditorfs report thereon. The trustees are responsible for the other information. Our opinion on the financial statements doe5 not cover the other information and, ex￿p1 to the extent otherwise explicitly stated in our report, we do not express any form of a5suran¢e conclusion Ihereon. In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsislenl wlh the financial statements or our knowledge obtained in the audit or otherwise appears lo be materially misslaled. If we identify such material inconsistencies or apparent material mi55tstements, we are required to determine whether there is a material misstatement in the financial statements or 2 material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information. we are required to ￿ port that fact. We have nothing to report in this regard. Opinions on other matter8 pre8crlbed by the Companle8 Act 2006 In our opinion, based on the work undertaken in the course of the auditr. the information given in the trustees, report for the financial year for which the financial statements are prepared is consistent with the financial slalements.. and the trustees, report has been prepared in accordance wf(h applicable legal requirements. Matters on whlch wg are requlrod to rèport by oxceptlon In the light of the knowledge and understanding of the charity and its environment obtained in the course of the audit, we have not identsfi'ed material misstatements in the trustees, report. We have nothing lo reFXIrt in respect of the following mallers in relat￿n to whiGh the Companies Act 2006 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 received from branche5 riot visited by us., or the financial staternents are nol in agreement with the accounting records and returns- or certain disdosures of trustees, remuneration specified by law are not made.. or We have not rec8ived all the information and explanations we require for our audit. Guru Nanak Soclety Of London Trust Company Limitsd by Guarantee Independent Auditor's Report to the Members of Guru Nanak Soclety Of London Trust I￿ntInUe￿I Year ended 30 August 2025 Respon6lbllltle$ of trustoes As explained more fully in the trustees, responsibilities statement, the Irustees (who are also the directors for the purposes of company law) are responsible for the preparation of the finaneial statements an¢J for being satisfied that they give a true and fair view, and for such internal control as the Iruslees determine is necessary lo enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements. the Iruslees are responsible for assessing the charity's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going ¢on¢ern basis of accounting unless the Iruslees either intend to liquidate the charity or to cease operations, or have no realistic allernalive but lo do so. 10 Guru Nanak Society Of London Trust Company Limitsd by Guarantee Independent Auditor's Report to the Members of Guru Nanak Society Of London Trust(¢onllnu•(lJ Year ended 30 August 2025 Auditorfs respon8lbllltle8 for the audlt of the flnanclal statements Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstalemenl, whether due to fraud or error. and to issue an auditorfs 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 {UK} wll a￿ayS detect a material misstatement when It exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected lo influence the economic de¢islons of users taken on the basis of these financial statements. Irregularities, including fraud. are instances of non