Charity No: 1160078 KHALSA CENTRE GURDWARA TRUSTEE REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 KHALSA CENTRE GURDWARA CHARITY INFORMATION Trustees Mr Satpal Singh Rayit Mr Bhagwant Singh Rayit Mr Baljinder Singh Darar Mrs Ranjit Kaur Mrs Dalblr Kaur Kharay Mrs Ravel Kaur Bajaj Mr Ravinder Singh Jandhir Resigned 1011112021 Resigned 1011112021 Reslgned OU1012021 Charlty Number 1160078 Registered OffSce 95 Upper Tootlng Road London SW17 7P4V Accountants Astar Business Advisors Limited 80 Kingston Road Wimbledon London SW19 ILA Charitsble Incorporated Organlzatlon KHALSA CENTRE GURDWARA CONTENTS Page Trustee's Report Statement of Ilnanclal actlvltles Independent Examlner's Report to the Trustees of Balance Sheet Notes to the flnanclal statements KHALSA CENTRE GURDWARA TRUSTEE'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2021 Objertives and activities The objettives of the charity are: To provide the educatlon of the Slkh Community in Greater London To provide recreation and lelsure-tlme frdcllltles in the Inte￿$t of social welfare for those member5 of the Sikh ommunity who have need of such facilltSes by reason of their youth, age, infirmity or disablement, poverty or social and economic circumstances. The main actlvltles undertaken for the public benefrt in relation to these objects diwans on Saturday evenin8s, Naam Simran on Wednesday evenings and Asa Ki War on Sunday mornings. In a(Jdrtlon, there are Special program5 such as Gurprubhs, Sangrand. Puranmashi, ladies satsang and more, which are published on the monthly programme. It a150 conducts religious marrlage teremonies accordlng to Slkh maryada and a registrar from the councll can be arranged to attend the Gurdwara to carry out the le8al marriage ceremony. The charity organises speaal prayer5 for the 5adh san8at and at the request of individuals. Statement on Publlc Benellt The Trustee5 confirm that they have complied with their duty to have due re8ard to the guidance on public benefit publlshed by the Charity Commission in exercisin8 their powers or duties. The public benefits of the charky's actlvltles are outSined under 'Obiectives and activities. above. Achl The regular weekty functlons held on Wednesdays, Saturday evenln8s and on Sunday mornings have contlnued a5 normal throughout the year. In addltlon, further functions are held on other day5 to mark the Sikh religious days such as Gurprubhs, Sangrand, Puranmashl. Avtar and Shaheedi. Funttions are also held at the request of individuals to celebrate blrthdays, namin8 ceremonies. en888ements, weddin85. anniversaries and funerals. Free classes are organized to teach Punjabl, English. Vaja. Kirtan and Tabla and to promote the awareness of the Slkh scrlptures. Annual summer coach trip is arranged to a seaside resort. Gurdwara. Their generous donatlons have enaDied the Gurdwara to build up surplus funds to enable the management to plan a projert of up8radin8 and ￿furb15h1n& the Gurdwara to provide a more conductive environment for worshippers. Wlth help from Mr Paramlit Singh Hunlan a planning appllcatlon was submltted to Increase the size5 for the upstairs Giani li rooms by chan8ing the pitch roof to a dormer. This application was met with objections from the nei8hbour5 and therefore relected. After a further consuhation with Mr Hunjan a new appllcatlon will be submltted. The boller that serves the Glanl JI rooms heatin8 was repaired more than once. After several repairs it wa5 decided uneconomical to continue to repair it and it wa5 replaced with a new combination boiler. The Trustees have set 8oals and objeciives to transfom the charlty into a posrtive environment for the beneflt of all member5. Gift aid submission was not made in 2021 but submitted and received in 2022. KHALSA CENTRE GURDWARA TRUSTEE'S REPORT {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021 Members of Trustees The members who are a150 Trustee for the purpose of Charity law are Set out on the Charity Commission information Page. The Trustees also certlfy ihat all the relevant Infomiatlon have been provided to the examiner. which management is aware of. We had 3 Trustees step down thi5 year- Mrs Dalblr Kaur Kharay on OV1012021. Mr Balllnder Slngh Darar and Mrs Ranllt Kaur both on IOI1112021 Res onslbllltles ol the Trustee In preparatlon of such statement5, the Trustees should follow best practlce and.. Select sultable accounting policies and apply them consistentlyi Make judgements and accounting estimates that are reasonable and prudent,. an¢J Prepare Ihe financial statements on the 80in8 concern ba515 unless it Is not appropriate to assume that the Charity wlll continue on that basis. In preparatlon of Such slatement5, the Tw5tees should follow best practlce and- Select Sultable accountlng pollcles and appty them consistently,. Make Judgements and accountin8 estimates that are reasonable and prudent. and Prepare the financial statements on the goin8 concern basis unless ti is not appropriate to assume that the Charity will continue on that b•sis.stalements on the going concern ba51s unless it is not approprlate to assume that the Charrty wlll continue on that basis. The Trustees are responslble to keep adequate accountlng records that are sufflclent to show and explaln the CharStle's transactions and dlsclose wlth reasonable accuracy at any tirne the financial position of the charitable organlzation and enable them to ensure that the financial statements compty with the Charitable Organizatlon Law. The Trustees are also responsible for s3fe8uardlng the assets of the Charity and hence for takin8 reasonable steps for the preventlon of fravd and other irregularhles. Re-a olntment of Inde endent Examlner Astar Business Advlsors Limited, Chartered Certrfied Accountants have eXp￿Ssed thelr wllllngness to Stand for ￿- appolntment and a resolutlon proposing their re-appointment will be put forward at the Trustees, meetlng at whlch the accounts •r* •pprov•d. The report is prepared in accordance with recommended practice.. accountin8 and reportin8 by charitie5 and also in accordance with Charities Act. Approved by the Tr Approved by the Trustees Mr Satpal Singh Rayit Trustee Mr Bha8want Sing Rayrt- Trustee Dated: KHALSA CENTRE GURDWARA INDEPENDENT EXAMINER'S REPORTTO THE TRU5TEE5 OF Khalsa Centre Gurdwara Independent examiner's report to the trustees of Khalsa Centre Gurdward I report to the charity trustees on my examlnatlon of the accounts of the Charity for the year ended 31 December 2021. Res onsibilities and basls of re ort As the charity's trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charltie5 Act 2011. I report In respert of my examination of your charity's accounts as carrled out under sertion 145 of the Charities Act 2011 I'the 2011 Act'l. In carryin8 Out my examlnatlon I have followed the Directions given by the Charity Commission under sectlon 145151 Ibl of the 2011 Art. Inde endent examlner's statement I have completed my examination. I conflrm that no matters have come to my attentlon In conneclloD wbth the examlnatlon glvlng me cause to belleve: l. Accountln8 record5 were not kept In accordance with Section 130 of Charities Art- or 2. The accounts do not accord with those records; or 3. The accounts did not compty wrth the applicable requirements concerning the form and content of accounts set out In the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts 8ive a true & fair vlew whichls not a matter consldered as part of an independent examination. I have no concerns and hav be drawn In thls report across no other matters in connectlon wlth the examination lo whlch attentlon should rder to enable a proper understanding of the accounts to be reached. Rocky Bharj FC Astar Buslne55 Limited Business Advisors & Registered AudStor$ 80 Kingston Road Wlmbledon London SW19 ILA Date: KHAiSA CENTRE GURDWARA STATEMENT OF FINANCIAL AcfiviTIES (INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 DECEMBER 2021 Unrestrlcted Restrtttsd Fund5 Funds 2021 Totsl Funds 2020 MING RESOURCES Golak Parshad Donatltsns and member5, subscriptions Building fund donations Punjabi and mu51c tlasses Gift Aid Rental Incorne Investment Income TOTAL INCOMING RESOVRCES 39,955.tXI 22.172.ts) 119,511.C 39,955.00 22.172.00 119.511.00 32.967.CM) 16.689.00 58,458.00 1,671.00 80.00 27,639.00 37,500.00 9.753.tM) 184 757. 37.9DJ.tK) 37,900.00 219 s38.crfl 219 538.00 RE RCE5 EXPENDED Fcod purchase5 Rates Water rates LS8ht and heat Consultancy Fee Telephone and lax Prlntlng, postage and 5tationtry Bank charges Insurance RepaSrs and maintenance Travel expenses Sundry expenses Independent examinels fees Investment Char8es Advisor Charges Prolesslonal fees Capltal Expendlture Furnltvre TOTAL RESOURCES EXPENDED 792 00 543.00 603.IX> 6.529.rxi 720.￿) 604.CXI 31.1￿7 32.¢XI 1,795.lJO 792.00 543.00 603.00 6,529.00 720 604. 31.00 3200 1,795.00 41)0 00 430.00 201.00 1,440.00 I,S67.00 2,353.00 745.00 144.frj 922.00 1,240.00 2,104.00 4,537.00 1,087.00 2.00 15.00 3,085.00 818.00 35.OQ 13.00 1,440.00 3,351.00 523.00 1,436.00 7 57S,00 28 183.00 430 CKI 201.00 L440 C 1.567.00 2,353.NJ 745.03 144.C*) Other operatlng Incom• Gain/loss on disposa1 ol tanglble assets Other interest receNed 8ank interest Gross transfers bet￿een funds %,612.t)) 13.C119.C 650.CX) 110.271. 96,612.00 13,009.00 650 00 110 271.00 Net Intomlng resources before oihèr reco￿lIed zalns and losses Reallzed and unreallzed10s$es on In¥estri)Ènt assets 310,880. 310180.00 156,574.00 NET MOVEMENTIN FUND5 FUNDS AT BEGINNING OF YEAR FUNDS AT END OFYV4R 310.880.1)0 1.874.723.00 2,185 603.IXI 310,880.00 1,874,723.00 185,603.IY) 156,574.00 1.718,149.00 1874 723.00 None of the Charity's other actmties was atquirtd or discontinued during the above two financial years. The CharSty has no recogni2etl gains and losses otherthan thosè dealt wlth In the statèment of financial actNlties. The notes on page 6 form part of the accounts. KHALSA CENTRE GURDWARA CHARITI NO: 1160078 BALANCE SHEET AS AT 31 DECEMBER 2021 Unrestrlrted Re5tflrted Funds Funds 2021 Total Funds 2020 Hxed assèts Land ond buildin8S Buildin8 exten5i0n Building extension- additional at cost Investment property Investment property- disposal Investment property. addltlons Furnlturt, flxtures and flttings 666.434.￿) 666,434.CrfJ 203,021.00 430,377.00 33.036.00 853,665.00 853,665.t)) 1365.115 001 3,055.00 3.332.00 1161371.00 853.665.C 1365,115.QJl 3.055.C*) 3,332.1Y) 3,055,00 1161371.00 1 523 154.00 Current assets Other debtors Flxed terrn deposlt Novla Flnanclal Bank of Baroda current account Cash in hand 5.(m.CX) 5,1)JO.00 230.000.00 105,879.00 16,476.00 654.00 353 009.00 514.967.00 505.520 185.CQ 1025 672.00 514,967.00 505,520.00 185.00 1025 672.00 Current Ilabllltles Creditors.. arnount5 falllng due wlthln one year 1.440.()J IA40.00 1,440.00 1,440.00 1,440.00 1,440.00 Net current iss•ts 1024 232.C 1024 232. 351569. Nel a55ets 2.185,603.IXI 2.185,603.00 1.874,723.00 R•pr4senttd by. VnrÈstricted fvnds Unrestrlcted fvnds L872,723.IXI 310.880.00 2,183.603.¢)0 1,872,723.CQ 1,718.149.00 310,880 CQ 154,574,00 2.183,603.00 72.723.00 For the year ended 31 DECEMBER 2021 the Charity was entltled to èxemptlon from *Jdit untler the tharity Act relatin8 t0 small Cha￿tIre5. Trustees, respOn￿bIlItIeS The members have not required the Charity to obtsln an audit In ac£ordancÈ with the Charity ACL The Trustees acknowledge thelr responsibillties for cornplwn8with the requirements of the Artwith ￿sPe￿ to attountin8 record5 and the preparation of attounts. These accounts have been prepared in accordan¢e with the prowsions appllcable to Charities. Approvèd b the Tr st Mr Satpal Singh Rayit- Trustee Mr Bhagwant Sn8h Rayit- Trustee The notes on pa8e 6 form part ofthese finanual statements KHALSA CENTRE GURDWARA NOTES TO THE UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2021 l Atcounting poli¢ies Basls ot preparatlon The financlal statements have been prepared under the historical cost convention and in accordance with the Finonclal Reportin8 Standard for Smallèr Entities effective April 21JO8. Tanglble fixed assets and depreclatlon Tangible fixed assets are ststed at wst. Depreciatlon is provided at rates calculated to wrlte off the cost of the fSxed assèts, less their estimated residual value, over their expected usefvl lives on the following Land and buildin85 Bullding extension Furniture, flxtures and fittii Nil 2 FURNITURE Purchase ol furniture relates to tables, thalr5 and other sundry fitttngs whith have not been capitolized 05 It forms part of the replacement ol thè old and broken lurniturt during rhe course of the period. 3 STATEMENTOF FUNDS Broutht Forward Carrfed Fonward Reeelpts Pwnents T1￿%1•r5 REsfRicfED FUNDS Building fund5 SUMMARY OF FUNDS General funds Other Incorne Restricted fvnds 1,872,723.LKI 219,538.C 110,271.LKI 18.929.tXJ 2,073,332.C¥) 110,271.00 IA72.723.(KJ Y29.809.OD 18.929.00 2.183.603.ty) The General fund represents the free fund5 of the Charity whlth are not deslgnated for particular purposes.