Charity No: 1160078 KHALSA CENTRE GURDWARA TRUSTEE REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 KHALSA CENTRE GURDWARA CHARITY INFORMATION Trustees Mr Satpal Sin8h Rayit Mr Bhagwant Singh Rayit Mr Ravtnder Singh Jandir Mr Paramlit Singh Hunjan Mr Bavinder 5ingh Rlyat Charlty Number 116(X178 Reglrtered oince 95 Upper Tooting Road London SW17 Trw Accountants Astar Buslness Advlsors Lirnlted The Grange I Central Road Morden SM4 SPQ Charftable Incorporated Orzanlzath)n KHALSA CENTRE GURDWARA CONTENTS Trurtee's Rei Statement of flnanclal a¢tlvftle5 Independent Examlner's Report to the T￿￿tee$ of Balance Sheet Notes to the flnancoal statements KHALSA CENTRE GURDWARA TRUSTEE'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 Objectlves and actlvltles The objertives of the charity are: To provide the education of the Sikh Community in Greater London To provide recreation and lei5ure-time facilities in the interest of social welfare for those members of the Sikh community who have need of such facilities by reason of their youth. age. infirmity or dlsablemenL poverty or soclal and economic circumstances. The maln •ctlvltSes undertaken forthe wblk benefft In relatlon to these objects dlwans on Saturday evenln8s, Naam Slmran on Wednesday evenlngs and Asa Ki War on Sunday mornings. In addltion. there are special programs such as Gurprubhs. Sangrand. Puranmashl. ladles satsang and More. whith are published on the monthly programme. It also conduct5 reli8i0U5 m•rrla8e ceremonies accordin8 to Sikh maryada and a wtstrar from the counol can be arranged to attend the Gurdwara to carry out the legal marrfa8e ceremony. The charity organlses speclal prnyers for the sadh sangat nd at the request of individuals. Statement on Publlc Benefft The Trustees confirm that they have complled wlth thelr dirty to have due regard to the guldance on publlc benefft published by the Charity Commission In exercising their powers or dutie5. The public benefits of the charity's activitles are outlined under'oblertives and actmtles. above. Achl veme and Perlo The re8ular weekly funrtions held on Wednesdays, Saturday evenlngs and on Sunday momlngs have contlnued as normal throughout the year. In addition. further funrtions are held on other days to mark the Slkh religlou5 day5 such 45 Gurprubh5. Sangrand, Puranmashl, Avtar and Shaheedl. Functlons are also held at the request ol Indlvlduals to celebrate blrthdays. namlng ceremonles, engagements. weddings. annlversarles and fvneral& Free classes are Ofganlzed to teach Punjabi. English. Vaja, Kirtan and Tabla and to promote the awareness of the Sikh scrlptures. Annual Summer coach trip is arran8ed to a seaside resort. Khalsa Centre contlnues to thrlve wlth the support of its members and re8ular worshlppers attendln8 the Gurdwara. Thelr 8enerous donations have enabled the Gurdwara to bulkl up surplus fund5 to enable the management to plan a project of upgrading and refurfolshlng the Gurdwara to provlde a more conduct]ve envlronment for worshippers. The Trustees have set goals and obkctlves totransfomi the charity into a positive environment for the benefrt of all members. Glft ald submlsslon was submltted and recelved in 2023. KHALSA CENTRE GURDWARA TRUSTEE'S REPORT (coiifiNUED) FOR THE YEAR ENDED 31 DECEMBER 2023 ers of Trustees The member5 who are also Trustee for the purpose of Charity law are set out on the Charlty Commission infomiatlon page. The Trustees also certify that all the retevant information have been provided to the examiner. whlch management 15 aware of. Res nsl Tr Law requlres the mana8ement committee to prepare fi￿nCl815t9ternents for each financial year which g￿e a true and falr vlew of the affairs of the charltles at the balance sheet date and of Incomin8 resources and applkation of resources. includlng Income and expenditu￿ for the financlal wlod. In preparatlon of such statements. the Trustees should follow l)e5t practlce and: Selett sultsble accountln8 poll¢ie5 and apply them consistently: Makejudgements and accountln8 estlmate5 that are reasonable and prudent,. and Prepare the flnanclal ststements on the golng concern basls Unle￿ it is not approprlate to assume ihat the Charlty wlll contlnue on that basis.statemerits on the 8olnB contem b•515 unless It Is not approprlate to assume that the Charlty wlll contlnue on that basis, The Trustees are ￿ponsIble to keep adequate accounti￿ records that are suffident to show and explaln the Charltle's transactions and dlsclose wlth reasonable accuraty at any time the financial posltlon of the charitable or8anizatSon and enable them to ensure that the financial statements comply wlth the Charitsble Or8anlzatk+n Law. The Trustees are also responslble for safe8uardin8 the assets of the Ch•rlty and hence for takln8 reasonable steps forthe preventlon of fraud and other Irre8ularitbes. Intm•nt of Ind ndent Examlner Astar 8uslness Athilsors Llmlted, Chartered certIf￿ Ac¢ountsnts have expressed thelr wllllngness to rtand for re- appointment and a resolutlon prowslng thelr r￿ppOIntrnent wlll be put f0Th￿rd at the Trustees, meetln8 at which the accounts are •pproved. The report Is prepared In accordance wtth recommended praLtlce: accountln8 and reportlng by charltles and a150 In accordan￿ with Charitie5 Art. Approved by the Trustees Trustees Mr Satpal Singh Raylt- Trustee Mr Bha8want Si 8h Raylt- TNstee ZLI KHALSA CENTrE GURDWARA INDEPENDEMf EXAMINER'S REPORTTO THE TRUSTEES OF Khalsa Centre Gurdward Independent examinees report to the tTUStees of Khalsa Centre Gurdwara I report to the charity trustees on my examination of the accounts ofthe Charity for the year ended 31 December 2023. Res onslbllltles and basls of re As the charrws trustees you are responsible for the preparI￿n of the accouftts In accordan￿ w￿h the requlfements of the Charlties Act 2011. I report in respect of my examination of your chaiity's accounts as carried out under sertlon 145 of the Charities Act 2011 I'the 2011 Att'l. In carrying out my examination I have followed the Directions given by the Charty Cornmi55ion under sertlon 145151 Ibl of the 2011 Act. In nde I have completed my examlnation. I conflrm that no mattefs have come to my attentbon In connectlon wlth the examlnatlon gfvSn8 me cause to belkeve: l. Accountlng records were not kept In accordance wlth Sectlon 130 of Charltles Act. or 2. The accounts do not accord with those records: or 3. The accounts did not compty wtth the applicable requirements concernin8 the form and content of accounts set out In the Char¢ties (Accounts and Reports) Regulations 2(X)8 other than any requirement that the account5 give a true & fair vlew which is not a matter considered a5 part of an independent examlnation. I have no concerns and have come across no other matters In Connettlon wlth the examlnatk>n to whlch attentlon should be drawn In thls report In order to enable a proper understandlng of the accounts to be reached. Rocky BharS FCCA Astar Business Advisors Limited 8usiness Advisors & Registered Audiiors The GranBe I Central Road Morden, SM4 SPQ KHALSA CENTRE GURDWARA STATEMENT OF FINANCIAL AcrnimES (INCOME AND EXPENDrniRE ACCOUNTI FOR THE YEAR ENDED 31 DECEMBER 2023 2022 T4>tal Funds Tot*1 Fund5 NCOMIN Golak Par5had Donations and membe￿, subscriptions Glft Ald Rentsl Income TOTAL INCOMING RESOUKES 64￿37.￿XI 27387. 77.738.(KI 37316.72 2CQ.(LI 7&n 64,837.(K> 27.987.( 77.738. 37,316.72 71200.00 279 44,096.00 25,278.00 76,928.25 70,958.19 18.680.00 279 ftc EXPEN Food purchases Wages and salarles Employers Nl Property mana8ement and serwce tharyes Rates Water rates Llght and heat Tdephone and fax Prlntln& posts8e and ststlonery Bank charges Insuran Repalrs and malntenance Travel expenses Independent examlnerfs fees Investment Char8es Advlsor Charges Capltal Expendlture Furnlture Le8al fees Depreclatlon Sundry expenses TOTAL RESOURCES EXPENOED L931.81 6.054.71 1,931.81 6,054.71 9,427.46 L086.11 1603.27 1,666.79 11574.49 989.17 ii.io 9.87 3.215.fA 3,880.11 1,086.11 2,￿3.27 1.666.79 12,574.49 989.17 ii.io 9.87 3.215.63 3,880.11 2,554.67 3,127.86 4,255.57 527.00 13.04 76.00 1,893.55 787.70 370.16 1,440.00 1,523.30 3,461.76 1,643.15 1.440.CQ 0.04 1640. L852.55 2,640.CQ 1.852.55 423.23 31 $24.45 Oth•r op•r•tlry I￿orn• GaFn/b5s on d15posal of ta￿￿b￿ assets Other interest recelved Bank Inter￿t Gro￿ transfers bèhyeen funds 7172 72.72 127.797.741 27 797.74 239,ts8.29 239,188.29 176.618.25 8alns •nd lots•s NET MOVEMEP4T IN FUN05 FUNDS AT BEGINNING OF YEAA FUNDS AT END OF YEAR 239,188.29 362,221.25 239.188.29 1362,221.25 176,618.25 2 185 603.00 2 221.25 None ofthe Charlty's Otheract￿ttlts was acqulred LY dlsuMtlrn*d dUrI￿the two finandal yeats. The Charlty has no reco8nlzed gains and losses other than dèalt with in thè statemeni offinan¢ial artIvit￿. The notss on page 6 fomi part ofthe accoun KHALSA CENTRE GURDWARA CHARITY NO: 1160078 BALANCE SHEET AS AT 31 DECEMBER 2023 R•strIc￿d 2023 Totsl 2022 Total Funds Land and buildings Investment F￿OpertY Investment property- dlsposal Investment property- ad