Chartty registration number: 1160078
ASTJR
KHALSA CENTRE GURDWARA
TRUSTEES. REPORT AND
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Astar Business Advisors knmited
Chartered Certified Accountants
The Grange
I Central Roa(1
Morden
SM4 5PQ

Khalsa Centre Gurdwara
Contents
Page
Trustees, Report
Independent Examlnerfs Report
ststement of Financial Artivities
statement of FEnandal Position
Statement of Cash Flows
Notes to the Statement of Cash Flows
Notes to the Finanaal Statements
9-14
The fr)Ilowing pages do not fom part of the statutory accounts:
Detailed Statement of Flnancial Activities
15

Khalsa Centre Gurdwara
Trustees. Report For The Year Ended 31 December 2024
The trustees present their report and the finan(3al 5tstements for the year ended 31 December 2024.
Objectlves and Activitles
Aims and ObJe¢Uves
The oblettlves of the Charlty are:
To advance the education of the Slkh communlty wlthln Greater London.
To provide recreatlonal and leISure-￿Me facillties In the interests of social weffare for member5 of the Sikh
community who have particular needs arfslng from youth, age, infimiity, disabilityi poverty, or %xial and economic
disadvantage.
In furtheran￿ of these aim5, the Charity delivers a rdnge of religious and community-based artivities for the public benefit.
Regular programmes include Diwans on Saturday evenings, Naam Simran on Wednesday evenings, and Asa Ki Vaar on
Sunday mornings. Additional special programmes-such as Gurpurab5, Sangratbd, Purdnmashi, ladies, satsang. and other
notable occasions-are organi5ed throughout the year and communicated through the monthly programme.
The Charity also condurts Anand Kafaj marriage ￿remonieS in accordance with Sikh Maryada. Where required, a registrar
from the local authority can attend the Gurdwara to complete the legal marriage formalities. Furthermore, the Charity
a￿ange5 special prayers and servi￿$ for the WFder Sadh Sangat and upon request from individual members of the
community.
Publlc Benefit
The Trustees confirm that they have complied with their duty to have due regard to the Charity Commission's guidance on
public benefit when carrying out their responsibilities. The public benefits arising from the Charity's work are described in
the settion entitled 'Objeciives and Activitie5. above.
The trustees confirm that they have complied with the requirements of Settion 17 of the Charities Act 2011 to have due
regard to the Charity Comrnission's guidan￿ on public benefit.
Achievements and Perfornian¢e
Main Achievements
Throughout the year. the Charity has continued tr) deliver its regular weekly programmes. including Wednesday services,
Saturday evening diwans and Sunday morning Asa Ki Vaar. In addition. a range of servi￿5 and programmes were held to
commemorate significant Sikh religious occaslons such as Gurpurabs, San9rand, Puranmashi, Avtar and Shaheedi days. The
Gurdwara also accommodates ceremonies requested by members of the community, including birthday5, naming
ceremonies. engagements. wedding5. anniver5arie5 and funerdl service5.
The Charity continues to SUPPOrt the educational and cultural development of the community by offering free classes in
Punjabl, Engllsh. Vaja, Kirtan and Tabla. as well as promoting awareness and understanding of Slkh scriptures. An annual
summer coach trip to a seaside resort was also organised, providing recreatlonal and social opportunities for mefflbe￿.
Khalsa Centre conttnue5 to flourlsh with the on9olng sUPPOrt of Its congregation and wider wmmunity. The generoslty of
donors ha5 enabled the Charity to Strengthen its finanaal position and build reserves. allowing the Trustees and
management to plan for ￿tUre improvement works aimed at upgrading and refurbishing the Gurdwara premises to provide
a MO￿ welcoming and conducive envlronment for worshlp and community attlvities.
The Trustees have established dear goals and objectives to further develop the Charity Into a posltlve, Inclusive and
supportive environment for the benefit of all members of the Sikh communlty.
Referen¢0 and Adm•nistratlve Detslls
TNstees
Mr Paramjit Slngh Hunjan - Trustee
Mr Satpal Singh Rayit - Chair
Mr Bhagwant Singh Rayit - Trustee
Mr Bavinder Slngh Rlyat - Trustee
Mr Ravinder Singh Jandir - Trustee
Page I

Khalsa Centre Gurdwara
Trustees. Report (continued)
For The Year Ended 31 December 2024
Charity Number
1160078
Prlnclpal Address
95
Upper Tooting Road
London
SW17 Trw
Independent Examiner
Rocky Bhaii FCCA
Astar Business Advisors Llmite
Chartered Certified Accountants
The Grange
I Centrdl Road
Morden
SM4 5PQ
Page 2

Khalsa Centre Gurdwara
Trustees. Report (continued)
For The Year Ended 31 December 2024
Re-appolntment of Independent Examln
Astar Business Advisors Limited, Chartered Certlfled Accountants have expressed their willingness to stand for
reappointment and a re501ution proposing their re-appointment will be put forward at the Trustees, meeting at which the
accounts are approved.
ststement of Trusteu. R￿PonsIbIlItIeS
The Trustees, are responsible for preparing the Trustees. Report and the financlal statements in accordance with applicable
law and United Klngdom Accounting Standards (United ￿ingdOM Generally Accepted Accountlng Practi￿).
The law appllcable to charities In England and Wales requires the trustees to prepare financial statements for each financial
year which give a true and fair vlew of the state of affair5 of the charity and of the incoming resources and application of
resources of the charity for that period. In preparing the firKncial statements the trustees are required to:
select suitable accounting policies and then apply them consistentlyi
observe the methods and principles in the Charity SORP;
• make judgments and accounting estimates that are reasonable and prudent; and
prepare the financial statements on the going con￿rn basis unless it is inappropriate to presume that the charlty wlll
continue in business.
The trustees are responsible for keeping adequate accounting records which disclose with reasonable accuracy at anyknme the
financial position of the charity and to enable them to ensure that the accounts comply with the Charities Act 2011, the
Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They a￿ also responsible ftir
safeguarding the assets of the charlty and hence for taking reasonable steps for the prevention and detection of frdud and
ther irregularities.
The trustees are responsible for the Maintenan￿ and integrity of the corpordte and financial inforniation included on the
charity's website. Leglslation in the United Kingdom governing the preparation and dissemination of finanaal statements may
differ from legislation in other jurisdictions.
The trustees. report was approved by the board of trust￿ and signed on its behalf by:
Mr Satpal Singh Rayit
Mr Bhagwant Si
h Rayit
Trustee
2611112025
Trustee
Page 3

Khalsa Centre Gurdwara
Independent Examiner's Report to the Trustees of Khalsa Centre Gurdwara
For The Year Ended 31 December 2024
I report to the trustees on my examination of the accounts of Khalsa Centre Gurdwara (the Trust) for the year ended 31
December 2024.
Responslbilitles and Basls ol Report
As the charfty trustees of the Trust you are responsible for the preparation of the accounts in accordance with the
reqU1￿ments of the Charities Act 2011 fthe Att-).
I report In respect of my examination of the Trust's accounts carried out under sethon 145 of the 2011 Act and in carrylng
out my examination, I have followed the applioble Direttion5 gtven by the Chaiity Commtssion under settion 145(5)(b) of
the Act.
Independent Examlneff's Statement
I have complete(J my examination. I confinn that no material matters have come to my attention In connertion with the
examination glving me cause to believe that in any material *:
l. accounting records were not kept in respett of the Trust as required by section 130 of the Art; or
2. the accounts do not accord with those records: or
3. the accounts do not comply with the applicable requirements conorning the form and contents of accounts set out in
the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the account5 give a 'true and
fair view, whith .
ot a matter considered as part of an independent examination.
I have no co
drawn in th.
erns
have come across no other matters in connection with the examination to whith attention should be
In ord to enable a proper understanding of the accounts to be ￿aChed.
Rock
Bhari
2611112025
Astar Business Ad
ited
Chartered Certified Accountants
The Grange
I Central Road
Mor(len
SM4 5PQ
CCA
Page 4

Khalsa Centre Gurdwara
Statement of Financial Activities
For The Year Ended 31 December 2024
2024
2023
Unrestricteql Unrestrlcted
funds
funds
INCOME AND ENDOWMENTS FROM:
Donations and legacies
Investments
152,424
2,958
93,159
207,879
73
71,200
other
248,541
279,152
EXPENDrnIRE ON:
Raising funds
Charitsble actlvities:
(52,109)
(39,9631
NEf INCOME
196,432
239,189
NET MOVEMENT IN FUNI>S
RECONCILIATION OF FUNDS:
Total funds brought forward
196,432
239,189
2.601,410
2,362,221
TOTAL FUNDS CARRIED FORWARD
16
2,797,842
2,601.410
The notes on pages 8 to 14 form part of these financial statements.
Page 5

Khalsa Centre Gurdwara
ststement of Financial Posltlon
As At 31 December 2024
2024
2023
Unrestricted Total
ftinds
funds
FIXED ASSETS
7angible Assets
Investment Propertles
12
13
673,123
673.844
1,850,643 1,353,895
2,523,766 2,027,739
CURRENT ASSErs
Debtors
Cash at bank and in hand
14
8.457
277,951
5,596
575,111
286,408
580,707
Credltors: Amounts Falllng Due Wlthln One Year
15
(12,332}
(7,036)
NET CURREprr ASSETS (LIABILZTIES)
274,076
573,671
TOTAL ASSEfs LESS CURRENT UABILrnES
2.797.842 2,601,410
NEf ASSErs
2,797,842 2,601,410
FUNDS OF THE CHARITY
Unrestricted Funds
2,797,842 2,601,410
TOTAL FUNDS
16
2,797,842 2,601,410
On behalf of the board
Mr Satpal Singh Rayit
Mr Bhagwant Singh Rayf(
Trust
2611112025
Trustee
The notes on pages 8 to 14 fomi part of these financial statements.
Page 6

Khalsa Centre Gurdwara
statement of Cash Flows
For The Year Ended 31 December 2024
2024
2023
Cash flows from operatln9 arthrttles
Net cash generated from operntions
Net cash generated from operating activities
Cash flows from Investlng artlvltles
Purchase of tsngible assets
Interest received
197,581
242,409
197,581
242,409
(497.699)
2,958
(532,860)
73
Net cash used in investing attivltles
(494,741)
(532,787)
Decrease In cash and cash equivalents
Cash and cash equivalents at beginning of year
Cash and cash equlvalents at end of year
(297,160)
575,111
(290,3781
277,951
(290,378)
Page 7

Khalsa Centre Gurdwara
Notes to the Statement of Cash Flows
For The Year Ended 31 December 2024
l. Recondllation of Income to cash generated from operatlons
2024
2023
Net income
Adjustments for..
Inte￿$t income
Dep￿latIOn of tangible assets
Movernents In worknng capital..
Increase In trade and other debtors
Increase in trade and other creditors
196,432
239,189
(2,958)
1,672
(73)
1,853
(2,800)
5,235
(5,596)
7,036
Net cash generdted from operdtions
197,581
242,409
2. Cash and cash equivalents
Cash and cash equivalents, as ststed in the Statement of Cash Flows, relate5 to the following items In the Balan￿ Sheet..
2024
2023
Cash at bank and in hand
277.951
575,111
3. Analysis of Changes in net funds
sati
January
2024
Asat31
December
2024
Cash at bank and in hand
575,111
(297.160)
277,951
Page 8

Khalsa Centre Gurdwara
Notes to the Financial Statements
For The Year Ended 31 December 2024
l. General Infornhitlon
Khalsa Centre Gurdwara 15 a charitable incorporated organisation registered with the Charity Commlsslon, registered charity
number 1160078. The principal address is 95, Upper Tootlng Road, London, SW17 Trw.
2. Accountlng Poll¢les
2. 1. Basls of Preparatlon ol Flnanci•l stat￿nents
The financial statements have been prepared in accordance with the Charitles SORP (FRS 102) "Accounting and
Reporting by Charities.. Statement of Recommended Prdctice applicable to charities preparing their accounts in
accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effertive I
January 2019)° Financial Reporting Standard 102 Yhe Finandal Reporting Standard applicable in the UK and Republi
of Ireland" and the Charities Att 2011.
The charity is a Public Benefit Entity as defined by FRS 102.
2.2. Going Concern Disdosure
The trustees have not identified any material Un￿rtaIntieS related to events or conditions that may cast significant
doubt about the charity's ability to continue as a going con￿rn.
2.3. Incoming Resources
During the year, the Charity generdted rental income from Its investment propertles, which are held to provide an
ongoing and 5UStainable source of fund5 to support the charitable objertives of Khalsa Centre GurdwaR. Rental
income is dertved from residential tenants under ft>rmal rental arrangements.
Total rental income recognised in the Ststement of F5nancial Activities for the year ended 31 De￿rnber 2024 amounted
to £92.620 (YE 31 December 2023 £71,200). Thi5 iricome is reCogn￿d on an accruals basis, reflecting the period to
which it ￿lates, With amounts due but not yet received included in debtor5 at year-end.
There were no significant rent arrear5, or contingent rents during the year. All rental arrangements are considered to
be at arm's length and consistent with market terns.
2.4. Resources Expended
Resources expended are recogni5ed on an accruals basis and are dassified under activity headings that reflect the
Charity's prinapal operations. Expenditure on charitable actlvities comprises costs dirertly related to the Gurdward's
religious service5. community progrdmmes, and educational provision. together with an appn)priate share of support
and governance costs. Expenditure relating to the managernent and upkeep of investment propertie5 is presented
separdtely. No trustee remuneration is incurred, and volunteer contributions are not induded in the financial
statement5.
2.5. Tangible Flxed Assets and Depreclatlon
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impaimient 1055es.
Depreciation 15 provided at rBtes calculated to write off the cost of the fixed assets, les5 their estimated residual value,
over their expected useful lives on the following bases:
Freehold
Fixtures & Frttings
20% Reduang Balance Method
2.6. Investment Properties
All investment properties are carried at fair value detemined annually and derived from the current market rents and
Investment pmperty yields for comparable real estate, adjusted if necessary for any difference in the nature, location
or condition of the specific asset. No depreciation is provided for. Change5 in fair value are recognised in the statement
of financial activities.
2.7. Cash and Gish Equivalents
Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call wlth banks.
other short-term highly liquid investments that mature in no more than three Months from the date of acquisition and
are readlly convertible to a known amount of cash with inslgnlficant risk of change in value, and bank overdrafts.
3. Income from Donatlons and Legacies
Page 9

Khalsa Centre Gurdwara
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2024
2024
2023
Unrestrlrted Unrestricted
funds
funds
Donations and gifts:
Donations from indlvlduals
Gift aid
Other:
71,956
77,738
37,317
Golak
Parshad
55,035
25,433
64,837
27,987
152,424
207,879
2024
2023
Unrestrlcted Unrestrlcted
funds
funds
Bank interest receivable
2.958
73
S. Other Income
2024
2023
Unrestrlcted Unrestricted
funds
funds
Rental and other income from property
Other income - PAYE rebate
92,620
539
71,200
93,159
71,200
6. Net Income/(Expertdlture)
The net income is stated after chargingl{credlting}:
2024
2023
Depreciation of tangible fixed assets - owned
1.672
1,853
7. Analysls of Expenditure
2024
Support
costs
(see note 8)
undertaken
dirertty
Total
Ralslng funds
2.362
49,747
52,109
Page 10

Khalsa Centre Gurdwara
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2024
2023
Actlvities
undertaken
directly
Support
costs
(see note 8)
Total
Raising fijnds
1,932
38.031
39,963
8. Support Costs
2024
Ralslng
fvnds
Employee costs:
Wage5 and salaries
Employers Nl
Premises expenses:
Rates
Light and heat
Water rates
Repairs and maintenan
Premi5e5 insurari
Generdl administration:
Insurance on plant, machinery and equipment
Telecommunications
Independent examineffs fees
Legal fees
Bank charyes
Credit card charges
Depreciation..
Depreaation
22,208
539
1.584
4.329
2.485
10,092
1,816
610
365
1,440
1,741
610
256
1,672
49,747
2023
Ralslng
funds
Employee costs:
Wages and salaries
Employer5 Nl
Premises expenses:
Rates
Property management and servlce charges
Light and heat
Water rates
6,055
2,603
1,086
12,574
1,667
3,880
2,634
Repalrs and malntenan
Premlses Insurance
General administration:
Insurance on plant, machinery and equipment
Prbnting, postage and stationery
582
li
..cowrINUED
Page 11

Khalsa Centre Gurdwara
Notes to the Financlal Statements (continued)
For The Year Ended 31 December 2024
Telecommunication5
Independent examineV5 fees
Legal fees
Bank charges
Depreclatlon..
Depredatlon
989
1,440
2,640
io
1,853
38.031
9. Independent Examiner's Remuneratlon
2024
2023
Independent examination of the financial statements
1,440
10. Staff Cosis
Staff costs were as follows:
2024
2023
Wages and salaries
Social security costs
22,208
539
6,055
22,747
6.062
No employees received employee benefits (excluding employer pension costs) for the reporting period of more than £60,000.
11. Average Number of Employees
Averdge number of employees during the year was: l (2023: 1)
12. Tanglble Assets
Land &
Freehold
Flxtures &
Fittings
Total
As at l January 2024
Additions
666.434
9,263
951
675,697
951
As at 31 December 2024
666.434
10,214
676,648
Depre¢latlon
As at l January 2024
Provided during the period
1,853
1,672
1,853
1,672
As at 31 December 2024
3,525
3,525
Net Book Value
As at 31 December 2024
666,434
6,689
673.123
As at l January 2024
666.434
7,410
673,844
Page 12

Khalsa Centre Gurdwara
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2024
13. Investment Property
2024
Falr Value
As at l January 2024
Additlons
1,353,895
496.748
As at 31 December 2024
1,850,643
14. Debtors
2024
2023
Due wlthln one year
Deposit Protection Scheme
PAYE liability
8,396
61
5,596
8,457
5.596
15. Credttors: Amounts Falling Due Wlthln One Year
2024
2023
Trade creditors
Net wages
Rent DeposÈt
Accrua15
(i)
1,056
8,397
2.880
(i)
5.597
1,440
12,332
7,036
16. Movement In Funds
Asati
January
2024
Asat31
December
2024
Income Expendlture
Unrestrlcted funds
General:
General unrestricted fund
2,601.410
248.541
(52,109)
2,797,842
Totsl funds
2.601.410
248,541
152,109)
2,797,842
Asati
January
2023
Asat31
December
2023
Incon￿ Expendlture
Unrestricted fvnds
General:
General unrestrirted fund
2.362,221
279,152
(39,963)
2,601,410
Total funds
2,362,221
279.152
(39,963)
2,601,410
17. Transactlons wlth T￿￿eeS
Page 13

Khalsa Centre Gurdwarn
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2024
None of the tnJstee5 received any remunerdtion or any other ben￿ from an employment wlth the charlty or a related entity
during the current or previous year.
No trustee expenses have been inwrred.
18. Related Party Disclosures
There have been no related party transactlons In the reporting period that require dlsclosure.
Page 14

Khalsa Centre Gurdwara
Detailed Statement of Financial Activities
For The Year Ended 31 December 2024
2024
2023
Total
funds
Total
funds
INCOME AND ENDOWMEpifs FROM:
Donations and legacles
Donations from indlviduals
Gift ald
Golak
Parshad
71,956
77,738
37,317
64,837
27,987
55,035
25,433
152.424
207,879
Bank interest recwvable
2,958
73
2.958
73
Rental and other income from property
Other income - PAYE rebate
92,620
539
71,200
93,159
71,200
24B.541
279.152
EXPENDrnIRE ON..
Raising funds
Purchases
(2,362}
(22,208)
(539)
(1,584)
(1,932)
(6,055)
(7)
(2.603)
(1,086)
(12.574)
(1,667)
(3.880)
(2,634)
(582)
(li)
(989)
(1.440)
{2,640)
(io)
Wages and salarie5
Employer5 NI
Rate5
Property management and Servi￿ charges
Light and heat
Water rates
Repairs and maintenan
Premises insurance
Insurdntr on plant, machinery and equlpment
Prlntlngy Postage and Stationery
Telecommunicatlons
Independent examinevs fee5
Legal fees
Bank charges
Credit card charges
Depreciation
(4,329)
(2.485)
(10.092)
(1,816)
(610)
(365)
(1,440)
(1,741)
(610)
(256)
(1,672)
(1.853)
(52,109)
(39,963)
(52,109)
(39,963)
NEf INCOME
196.432
239,189
Page 15