Charity No: 1160078 KHALSA CENTRE GURDWARA TRUSTEE REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 KMALSA CENTRE GURDWARA CHARITY INFORMATION Trustees Mr Satpal Singh Rayit Mr Bhagwant Singh Raylt Mr Ravinder Singh Jandir Mr Paramjit Singh Hunjan Mr Bavinder Singh Riyat Mrs Ravel Kaur Bajaj - Resignation Date 0&05-2023 Charlty Number 1160078 Re8lstered Office 95 Upper Tooting Road London SW17 7ThV Accountants Astar Busine55 Advisors Limlted The Grange I Central Road Morden SM4 5PQ Charitable Incorporated Organlzatlon KHALSA CENTRE GURDWARA CONTENTS Page Trustee's Report Statement of flnanclal actlvltles Independent Examlner's Report to the Trurtees of Balance Sheet Notes to the flnancial statements KHALSA CENTRE GURDWARA TRUSTEE'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2022 Objertlves and activities The obSectives of the charity are: To provide the educatlon of the Sikh Communlty In Greater London To provide recreatlon and lelsurfrtlme facllltles in the Interest of social welfare for those members of the Sikh community who have need of such faclllties by reason of their yovth, age, infimity or dlsablement. poverty or 51xial and economic circumstances. The main activitie5 undertaken for the publlc benefrt in relatlon to these objects dlwans on Saturday evenlngs, Noam Simran on Wednesday evenings and Asa Ki War on Sunday momings. In addltion, there are speclal programs such as Gurprubhs, Sangrand, Puranma5hl, ladies satsang and more, which are publlshed on the monthly programme. It also conducts religious marria8e ceremonies accordlng to Slkh maryada and a reglstrar from the councll can be arranged to attend the Gurdwara to carry out the legal marriage ceremony. The charity organlses speclal prayer5 for the sadh 5an8at and at the request of Indfvldual5. Statement on Publlc Benellt The Trustees confirm that they have complled wlth their duty to have due regard to the guldance on public beneflt pybllshed by ihe Charity Commlsslon in exercisin8 their powers or dutles. The publlc benefits of the charity's aCtlvltle5 are outlined under'oblectives and activities, above. ts and Performanee hlev The re8ular weekly functlon5 held on Wednesdays, Saturday eVenIn￿ and on Sunday mornlngs have corbtlnued a5 normal throughout the year. In addillon, further functlons are held on other days to mark the Slkh rellglous days such as Gurprubhs, San8rand, Puranmashi, Avtar and Shaheedi. Funclions are also held at the request of individuals to celebrate blrthdays, naming ceremonles, engagements. weddings, anniversaries and funerals. Free classes are orgonlzed to teach Punjabl, English. Vaja, Klrtan and Tabla and to promote the awareness of the Slkh scrlptures. Annual sumrner coach trip Is arranged to a seaside resort. Khalsa Centre tontlnues to thrive wrfth the sUPPOrt of its members and regular worshlpper5 attendlng the Gurdwara. Thelr generous donations have enabled the Gurdwara to build up surplus funds to enable the management to plan a project of upgradlng and refurblshing the Gur(Iwara to provlde a more ¢ondurtlve envlronment for worshlppets. The Trustees have set goals and objectlves to transform the chadty Into a positive environment for the benefit of all members. Gfft aid submission was submitted and recefved in 2022. KHALSA CENTRE GURDWARA TRUSTEE'S REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022 Members of Trustees The member5 who are also Trustee for the purpose of Charlty law are set out on the Charity Commisslon informatlon page. The Trustees also certify that all the relevant information have been provided to the examiner, which management is aware of. Res onslbllities of the Trustees Law requires the management commlttee to prepare financial statements for each financlal year whlch glve a true and fair vlew of the affalrs of the charlties at the balance sheet date and of Incoming resources and application of resources, Includlng Income and expendlture for the flnanclal period. In preparatlcn of such statement5. the Trustee5 should follow best practice and: Selert suitable accounting pollcles and apply them consistently,. Make Judgements and accountlng estlmates that are reasonable and prudent,. and Prepare the financlal statements on the 8oin8 concern basls unless it is not appropriate to assume that the Charity wlll contlnue on that basis.statements on the goln8 concern ba515 UTh￿55 it is not approprlate to a55ume that the Charlty wlll contlnue on that basls. The Trustees are responsible to keep adequate accounting records that are sufflcient to show and explaln the Charltle's transactlon5 and disclose wlth reasonable accuracy at any tlme the financial position of the charitable organizatlon and enable them to ensure that the financlal statements comply wlth the Charitable Organizatlon Law. The Trustees are also responsible for safeguardlng the assets of the Charlty and hence for taklng reasonable steps for the preventlon of fraud and other Irreguladtles. Re-a olntment of Inde endent Emamlner Astar 6uslne55 Advisors Limited, Chartered Certmed Atcountsnts have expressed thelr wlllln8ness to stand for ￿- apppintment and a resolutlon proposlng thelr re-appointment will be put forward at the Trustees, meeting at whlch the accounts are approved. The report is prepared In accordance wlth recommended prartlce: attountlng and reportlng by charltle5 and also In actordance wlth Charitles Aci. Approved by the Trustees Approved by the Trustees Mr Satpal Singh Raytt. Trwstee Mr8ha8wa h Raylt- Trustee D•téd: KHALSA CENTRE GURDWARA JNDEPENOENT EXAMINER'5 REPORTTO THETRUSTEES OF Khalsa Centre Gurdwara Independent examiner's report to the trustees of Khalsa Centre Gurdwara I report to the charty tW5tees on my examlnatlon of the accounts of the Charity for the year ended 31 December 2022. Res onslbllltle5 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 Charlties Art 2011. I report in respect of my examlnation of yovr charity's account5 as carried out under settion 145 of the Charities Art 2011 Ilhe 2011 Act'l. In carrying out my examination I have followed the Dirertions glven by the Charf(v Commission under section 145151 Ibl of the 2011 Act. Inde endent examiner's statement I have completed my examination. I confirm that no matters have come to my attention In connectlon with the examination giving me cause to belleve: l. Attounting records were not kept in accordance with Section 130 of Charities Act; or 2. The accoun15 do not accord with those records,. or 3. The accounts dld not comply with the applicable requlrement5 concerning the form and content of accounts set out in the Charitie5 IAccounts and Reports) Regulations 2008 other than any requirement that the accounts give a true & fair view whlch is not a matter Considered as part of an Independent examlnation. I have no concerns and have come across no other matter5 in connection with the examination to which attentlon should be drawn In this report in o enable a proper understanding of the accounts to be reached. Rocky Bhar Astar Business Advis rs L ited 8u5iness Advisors & Registered Auditors The Grange I Central Road Morden. SM4 5PQ Date: .. KHALSA CENTRE GURDWARA srATEMENT OF FINANCIAL ACTIVITIE5 (INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 DECEMBER 2022 Vnrestrkted ftestrfrted Funds Funds 2022 Total Funds 2021 MING RE Golak Parshad Donations and members, subs¢rTPtions Buildlng fund donations Punjabi and music dasses Gift Aid Rental Incorne TOTAL INCOMING RESOURCES 44,096. 25,278.(Kl 76.928.25 44.096.00 25,278.00 76,928.25 39,955.00 22,172.00 119,511.C 70,958.19 18,680.00 235.940.44 70.958.19 18 680.00 37,900.DO 219 538.00 RESOURCE PENDED Food purchases Rates Water rates Llght and heat Consultancy Fte Telephone and fax Prlnilng, postage and statlonery Bank £har8e5 Insurance Aepalrs and maSntenan¢¢ Travel expenses Sundry expensès Independent examlnees fee5 Investment Charges Adv150r Charge5 Professional fee5 Capital Expenditure Furniture TOTAL flESOURCES EXPENDED 9.427.46 2.554.67 3,127.86 4,255.57 9,427.46 2,554.67 3,127.86 4.255.57 792.00 543.00 603.00 6,529.00 720.00 604.00 31.00 32,CLI 1,795.00 400.00 430.00 201.00 1,440.txJ 1.567.(H) 2,353.00 745.00 144.00 18 929.00 527.0) 13.04 76.rxi 1,893.55 787.70 370.16 423.23 1,440. 1,523.30 3.461.76 527.03 13.04 76.00 1.893.S5 787.70 370.16 423.23 1,440.00 1,523.30 3,461,76 1.643.15 31 $24.45 31524.45 Other operatlni Intome Gain/1055 on disposal of tan8lble assets Other Interest recelved Bank Interest Gross transfers between funds 96,612.iJO 13,009.00 650.00 110 271.00 127.797.741 127,797.741 17 797.74 27.797.74 Net incomlng resourtes betNe oth•rreco￿lzQd alns and 195SeS Reallzed and unreallzed10sse5 on In¥esknenta55ets 176.618.25 176.618.25 310,880.00 NET MOVEMENT IN FUNDS FUNDS AT BEGINNING OF YEAR FUNDSATEND OFYEAR 176.618.25 2,185.603.LKJ 2362 1.25 176.618.25 2,185,603.00 362.221.25 310,880.00 1,874,723.00 2 185,603.00 None of the tharity's Other aetivlties was acquired or distontinued durin8the above ty40 finanoal years. The tharity has no reco8nized galns and losses otherthan th¢Me dealt wr(h In the ststernent of finantial activities. The notes on page 6 form part of the accounts. - KHALSA CENTRE GURDW CHARITY NO: 1160078 - BALANCE SHEEf AS AT 31 DECEMBER 2022 Unrestrkted Funds Restrlcted Funds 2022 Totsl Funds 2021 Flxed assets Land and buildings Investment property Investment property- dlsposal Investment property- addltions Furnlture, fixtures and fittin85- Cost blh¥d Furnityiè, fixtures and fitting5- addltlons 666.433.95 488.550. 666,433.95 488.SSO.00 666,434. 853,665.00 (365,115.001 333.644.95 6,387.39 1,715.36 96 731.65 333.644.95 6.387.39 3,055. 1.71S.36 3,332.00 1496 731.65 1161 371.00 Current assets Other debtors No￿0 Financlal Bank of Baroda current account Cash In hand 5.lJ)O.C 482,184.50 379.081.10 664.rM) S,0￿.00 s,trJo.00 482,184.50 514,967.00 379,081.10 505,520.00 664.00 185.00 866 929.60 1025 672.00 866 929.60 Curr•nt Ilabllltl•s Credltors.. amounts falling due wlthln one year 1,440.0) IA40.r 1.440.00 IA40.00 1,440.00 1,440.00 N•t Current ￿￿ell 865 489.60 865 489.60 1024 232.OJ Not assets 2361221.25 2.362,221.25 Z,185.603. R8pr•s•nt•d bv: Unrestrlcted funds Unre5trtrted funds 2.185,603. 176,618.25 1362321.25 2.185,603.CLI I,874,723.￿) 176,618.25 310,880.00 362.221.25 2,185,603.00 For the year ended 31 DECEMBER 2022 the tharlty was entitled to exemption from audlt underthe Charlty Act relatln8 to small Charltlres. Trustees. responglbllltl•s The member5 have not required the Charity to obtaln an audlt In accordance with the Charity Act. Trustees acknc*wledge thelr responsibilities for complylng wfth the requlrements of the Art with respect to accountln8 records and the preparation of accounts. These accounts have been prepared In accordance with the provisions appll¢able to char￿leS. Approved by the Trustees Mr Satpal Singh Rayit- Trustee Mr Bhaiwant Sin h Raylt- Trustee The notes on page 6 form part of these finandal 5tstements KHALSA CENTRE GURDWARA NOTES TO THE UNAUDITED ACCOUNTS . FOR THE YEAR ENDED 31 DECEMBER 2022 l Accountlng poll¢l*s Basls of preparatloft The flnancial statement5 have been prepared under the historfcal cost convention and in aC￿rdan￿ wlth the Flnanclal Aeporting Standard for Smaller EntRles effective April 2(K)8. Tan8lbl¢ thed assets and depr•clatSon Tangible flxed assets are stated at CQSL Depreciatlon Is provlded at rates calculated to wrlte off the cost of the fixed assets, less their estimated resldual value, over thelr expected usefvl lives on the following Land and buildings Buildlng extenslon Furniture, flxture5 and fitting 2 FUANITURE Purchase of furniture relate5 10 tables, chalrs and other Sundry fittings which have not been capltallzed as It forms part of the replacement of the dd and broken furnlture durlng the course of the perlod. 3 STATEMENTOF FUNDS Broutht Forw¥rd C8rrf8d Forward R•celpts P•ym•nts Tr•nslevs RESTRicfEO FUNDS 8ulldln8 fvnds SUMMARY OF FtINDS General funds Other Income Restrlcted funds 2,185,603.CM) 235,940.44 127,797.741 31.524.45 2,390,018 99 127.797.741 2.18S.603.00 208.142.70 31.524.45 2,362.221.25 The General fund reprèsents the free fvnds of the Charity which are not deslgnated for particular purposes.