2023-12-31-accounts - Khalsa Foundation

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

==> picture [202 x 50] intentionally omitted <==

Trustees’ Annual Report for the period

From 01/01/2023 Period start date To 31/12/2023 Period end date

Charity name: Khalsa Foundation

Charity registration number: 1161419

Objectives and Activities

	SORP reference
Summary of the purposes of the charity as set out in its governing document	Para 1.17	The advancement of the Sikh faith and its practices in the UK and abroad by arranging lectures and seminars, conferences, and educational camps. These take place at universities, Gurdwaras and multi-faith events, as well as online
Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts.	Para 1.17 and 1.19	The aim of the charity is the advancement of the Sikh faith and its practices in the UK and abroad by arranging workshop, seminars, conferences, talks, residential camps and day camps. These take place at universities, Gurdwaras, multi-faith events across the country and internationally, as well as online, both in Punjabi and English. Internationally these events have been in the UK, USA, Canada, Europe, India, Australia and New Zealand. The organisation has also made available books, multimedia material in Punjabi and English to provide accessible sources of educational material on the Sikh faith.
Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit	Para 1.18	In planning our activities for the year, we have continued to ensure adherence to the Charity Commissions guidance on public benefit.

Additional information (optional) You may choose to include further statements where relevant about:

SORP reference Para 1.38 Policy on grant making Para 1.38 Policy on social investment

including program related investment
Contribution made by volunteers	Para 1.38	A number of volunteers provide Khalsa Foundation with time and resources.
Other

Achievements and Performance

	SORP reference
Summary of the main achievements of the charity, identifying the difference the charity’s work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole.	Para 1.20	In 2023, the Khalsa Foundation saw significant progress through a refreshed team structure and a renewed vision for Khalsa Camp and other key initiatives. With a lot of new volunteers, we implemented a new strategic framework emphasizing content quality, economic sustainability, and outreach. Khalsa Camp achieved remarkable success, attracting around 70% first-time campers and generating excellent feedback. Enhanced marketing and social media strategies helped Khalsa Foundation expand its reach, revitalize its social media presence, and increase engagement, especially through educational content. Our efforts resulted in a substantial rise in followers, views, and interactions across platforms, allowing us to connect with a broader audience. Khalsa Family Retreat, held as our final 2023 event, maintained its popularity as a unique family-oriented retreat. With limited spaces, the retreat quickly sold out, and fulfilling its purpose of promoting Sikh values. Our Sikh Parenting Course continued to gain traction internationally, receiving high praise for its relevance and effectiveness in supporting Sikh family life, with a focus on Sikh and British values. With growing demand, we also piloted the Anand 4 Life course and launched classes focusing on reading and pronunciation of Gurbani, helping our community connect more deeply with Sikh teachings. Furthering our collaborative efforts, Khalsa Foundation partnered with other educational charities and participated in

multi-faith events, delivering talks in schools and engaging diverse communities. Khalsa Foundation also worked with a UN affiliated organisation to support humanitarian efforts. Looking ahead, we have several new educational resources and books in development, slated for launch in 20242025. Through these resources and ongoing events, the foundation remains committed to enriching the lives of its beneficiaries and providing a wider societal benefit by fostering educational growth, cultural understanding, and family values within the Sikh community and beyond.

Additional information (optional) You may choose to include further statements where relevant about:

Achievements against objectives set	Para 1.41
Performance of fundraising activities against objectives set	Para 1.41
Investment performance against objectives	Para 1.41
Other

Financial Review

Financial Review
Review of the charity’s financial position at the end of the period	Para 1.21	The organisation is in a financially healthy position and can continue to expand its operations sustainably. Inflation and cost of operations has increased significantly over the past few years, and this has had an impact, however we look to adjust to this and increase fundraising efforts over the next year ensuring continued efficiencies in our spending. This year the focus on sustainability and change in team and strategy particularly for Khalsa Camp gave greater financial footing. Greater awareness of the organisation through marketing and word of mouth has garnered more support from other charities and businesses within the Sikh community.
Statement explaining the policy for holding reserves stating why they are held	Para 1.22	It is ensured that funds remain in reserves to ensure the organisation can pay unforeseen costs that may arise.
Amount of reserves held	Para 1.22
Reasons for holding zero reserves	Para 1.22
Details of fund materially in deficit	Para 1.24
Explanation of any uncertainties about the charity continuing as a going concern	Para 1.23

Additional information (optional)

You may choose to include further statements where relevant about:

The charity’s principal sources of funds (including Para 1.47 any fundraising) Investment policy and objectives including any Para 1.46 social investment policy adopted A description of the principal Para 1.46 risks facing the charity Other

Structure, Governance and Management

Description of charity’s trusts:
Type of governing document (trust deed, royal charter)	Para 1.25	CIO Constitution
How is the charity constituted? (e.g unincorporated association, CIO)	Para 1.25	Charitable Incorporated Organisation (CIO)
Trustee selection methods including details of any constitutional provisions e.g. election to post or name of any person or body entitled to appoint one or more trustees	Para 1.25	Appointed
Additional information (optional) You may choose to include further statements		where relevant about:
Policies and procedures adopted for the induction and training of trustees	Para 1.51
The charity’s organisational structure and any wider network with which the charity works	Para 1.51	The charity appoints trustees who are working professionals. These individuals retain a good standing within their local communities and actively aid the promotion of the charity as well as its activities. The charity has continued to build strong relationships with other Sikh charities, NGOs, and interfaith groups across the globe, particularly through collaborations of various projects. All trustees give their time voluntarily and receive no remuneration or any other benefits.
Relationship with any related parties	Para 1.51
Other

Reference and Administrative details

Charity name	Khalsa Foundation
Other name the charity uses
Registered charity number	1161419

Charity’s principal address 43 West Street Banbury Oxfordshire OX16 3HA

Names of the charity trustees who manage the charity

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20	Trustee name	Office (if any)	Dates acted if not for whole year	Name of person (or body) entitled to appoint trustee (if any)
	JagdeepSingh
	HardipSingh
	Bhagat Singh
	Parmvir Singh
	Manvir Singh

– Corporate trustees names of the directors at the date the report was approved

Director name

Name of trustees holding title to property belonging to the charity

Trustee name Dates acted if not for whole year

Funds held as custodian trustees on behalf of others

Description of the assets held in this capacity

Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity’s objects

Details of arrangements for safe custody and segregation of such assets from the charity’s own assets

Additional information (optional)

Names and addresses of advisers (Optional information)

Type of Name Address adviser

Name of chief executive or names of senior staff members (Optional information)

Exemptions from disclosure

Reason for non-disclosure of key personnel details

Other optional information

Declarations

The trustees declare that they have approved the trustees’ report above.

Signed on behalf of the charity’s trustees

Signature(s) Parmvir Singh Full name(s) Jagdeep Singh Position (eg Secretary, Chair, etc) Date 31/10/2024

CharityName: Khalsa Foundation	CharityName: Khalsa Foundation	CharityName: Khalsa Foundation	Charity No (if any)	1161419
Annual accounts for theperiod
Period start date	01/01/2023	To	Period end date	31/12/2023

Section A Statement of financial activities

Unrestricted funds Restricted income funds Endowment funds Total funds Prior year funds £ £ £ £ £ F01 F02 F03 F04 F05	Unrestricted funds Restricted income funds Endowment funds Total funds Prior year funds £ £ £ £ £ F01 F02 F03 F04 F05	Unrestricted funds Restricted income funds Endowment funds Total funds Prior year funds £ £ £ £ £ F01 F02 F03 F04 F05	Unrestricted funds Restricted income funds Endowment funds Total funds Prior year funds £ £ £ £ £ F01 F02 F03 F04 F05	Unrestricted funds Restricted income funds Endowment funds Total funds Prior year funds £ £ £ £ £ F01 F02 F03 F04 F05
-	-	-	-	-
124,903	-	-	124,903	67,558
-	-	-	-	-
-	-		-	-
-	-	-	-	-
-	-	-	-	-
124,903	-	-	124,903	67,558

8,222	-	-	8,222	5,216
119,241	-	-	119,241	73,402
-	-	-	-	-
11,966	-	-	11,966	6,317
139,429	-	-	139,429	84,935

14,526 -	-	-	14,526 -	17,377 -
-	-	-	-	-
14,526 -	-	-	14,526 -	17,377 -
-	-	-	-	-
-	-	-	-	-

-	-	-	-	-
-	-	-	-	-
14,526 -	-	-	14,526 -	17,377 -

61,159	-	-		78,536

46,633	-	-	46,633	61,159

Section B Balance sheet

Unrestricted funds £ F01	Restricted income funds £ F02	Endowment funds Total this year £ £ F03 F04	Endowment funds Total this year £ £ F03 F04	Total last year £ F05
-	-	-	-	-
-	-	-	-	-
-	-	-	-	-
-	-	-	-	-
-	-	-	-	-

-	-	-	-	-
-	-	-	-	-
-	-	-	-	-
~~55,993~~	~~-~~	~~-~~	~~55,993~~	62,413
55,993	-	-	55,993	62,413

9,360	-	-	9,360	1,254

46,633	-	-	46,633	61,159

~~46,633~~	~~-~~	~~-~~	~~46,633~~	61,159

-	-	-	-	-
-	-	-	-	-

46,633	-	-	46,633	61,159

-			- - 46,633 -	-
	-	-		-
46,633				61,159

46,633	-	-	46,633	61,159

Signature		Print Name		Date of approval dd/mm/yyyy
		Mr Parmvir Singh		31/10/2024
		Mr Jagdeep Singh		31/10/2024

CC17a (Excel)

31/10/2024

Section C Notes to the accounts

Note 1 Basis of preparation

This section should be completed by all charities .

1.1 Basis of accounting

These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.

The accounts have been prepared in accordance with:

the Statement of Recommended Practice: Accounting and Reporting by Charities • and with √ preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 • and with √ the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102)

and with the Charities Act 2011.

The charity constitutes a public benefit entity as defined by FRS 102.*

1.2 Going concern

If there are material uncertainties related to events or conditions that cast significant doubt on the charity's ability to continue as a going concern, please provide the following details or state "Not applicable", if appropriate:

An explanation as to those factors that support the conclusion that the charity is a going concern; Disclosure of any uncertainties that make the going concern assumption doubtful; Where accounts are not prepared on a going concern basis, please disclose this fact together with the basis on which the trustees prepared the accounts and the reason why the charity is not regarded as a going concern.

1.3 Change of accounting policy

The accounts present a true and fair view and the accounting policies adopted are those outlined in note { }.

Yes √ * -Tick as appropriate No Please disclose: (i) the nature of the change in accounting policy; (ii) the reasons why applying the new accounting policy provides more reliable and more relevant information; and (iii) the amount of the adjustment for each line affected in the current period, each prior period presented and the aggregate amount of the adjustment relating to periods before those presented, 3.44 FRS 102 SORP.

1.4 Changes to accounting estimates

No changes to accounting estimates have occurred in the reporting period (3.46 FRS 102 SORP).

Yes * -Tick as appropriate No √ Please disclose: (i) the nature of any changes; (ii) the effect of the change on income and expense or assets and liabilities for the current period; and (iii) where practicable, the effect of the change in one or more future periods.

1.5 Material prior year errors

No material prior year error have been identified in the reporting period (3.47 FRS 102 SORP).

Yes * -Tick as appropriate No √

CC17a (Excel)

31/10/2024

Section C Notes to the accounts (cont)

Note 2 Accounting policies 2.2 INCOME

This standard list of accounting policies has been applied by the charity except for those ticked "No" or "N/a". Where a different or additional policy has been adopted then this is detailed in the box below.

Recognition of income Settlement of insurance claims Insurance claims are only included in the SoFA when the general income recognition criteria are met (5.10 to 5.12 FRS102 SORP) and are included as an item of other income in the SoFA. Gifts in kind for use by the charity are included in the SoFA as income from donations when receivable. Support costs The charity has incurred expenditure on support costs. Volunteer help Donated goods for resale are measured at fair value on initial recognition, which is the expected proceeds from sale less the expected costs of sale, and recognised in 'Income from other trading activities' with the corresponding stock recognised in the balance sheet. On its sale the value of stock is charged against 'Income from other trading activities' and the proceeds from sale are also recognised as 'Income from other trading activities'. Goods donated for on-going use by the charity are recognised as tangible fixed assets and included in the SoFA as incoming resources when receivable. The value of any voluntary help received is not included in the accounts but is described in the trustees’ annual report. These are included in the Statement of Financial Activities (SoFA) when:  the charity becomes entitled to the resources; · it is more likely than not that the trustees will receive the resources; and  the monetary value can be measured with sufficient reliability. Donated goods Contractual income and performance related grants Offsetting There has been no offsetting of assets and liabilities, or income and expenses, unless required or permitted by the FRS 102 SORP or FRS 102. Grants and donations Grants and donations are only included in the SoFA when the general income recognition criteria are met (5.10 to 5.12 FRS102 SORP). This is only included in the SoFA once the charity has provided the related goods or services or met the performance related conditions. Donated goods are measured at fair value (the amount for which the asset could be exchanged) unless impractical to do so. In the case of performance related grants, income must only be recognised to the extent that the charity has provided the specified goods or services as entitlement to the grant only occurs when the performance related conditions are met (5.16 FRS 102 SORP). Legacies Legacies are included in the SOFA when receipt is probable, that is, when there has been grant of probate, the executors have established that there are sufficient assets in the estate and any conditions attached to the legacy are either within the control of the charity or have been met. Government grants The charity has received government grants in the reporting period Tax reclaims on donations and gifts Gift Aid receivable is included in income when there is a valid declaration from the donor. Any Gift Aid amount recovered on a donation is considered to be part of that gift and is treated as an addition to the same fund as the initial donation unless the donor or the terms of the appeal have specified otherwise. Donated services and facilities that are consumed immediately are recognised as income with an equivalent amount recognised as an expense under the appropriate heading in the SOFA. The cost of any stock of goods donated for distribution to beneficiaries is deemed to be the fair value of those gifts at the time of their receipt and they are recognised on receipt. In the reporting period in which the stocks are distributed, they are recognised as an expense at the carrying amount of the stocks at distribution. Donated services and facilities Donated services and facilities are included in the SOFA when received at the value of the gift to the charity provided the value of the gift can be measured reliably. This includes any realised or unrealised gains or losses on the sale of investments and any gain or loss resulting from revaluing investments to market value at the end of the year. Income from interest, royalties and dividends This is included in the accounts when receipt is probable and the amount receivable can be measured reliably. Income from membership subscriptions Membership subscriptions received in the nature of a gift are recognised in Donations and Legacies. Membership subscriptions which gives a member the right to buy services or other benefits are recognised as income earned from the provision of goods and services as income from charitable activities. Investment gains and losses	Yes No N/a	Yes No N/a	Yes No N/a
	
	Yes No N/a
	
	Yes No N/a
			
	Yes No N/a
			
	Yes No N/a
			
	Yes No N/a
			
	Yes No N/a
	
	Yes No N/a
			
	Yes No N/a
	
	Yes No N/a
	
	Yes No N/a
	
	Yes No N/a
	
	Yes No N/a
	
	Yes No N/a
	
	Yes No N/a
			
	Yes No N/a
	
	Yes No N/a
	
	Yes No N/a
	
	Yes No N/a
			
	Yes No N/a
			
	Yes No N/a
			
	Yes No N/a
			

2.3 EXPENDITURE AND LIABILITIES

2.4 ASSETS Intangible fixed assets Heritage assets They are valued at cost. These are capitalised if they can be used for more than one year, and cost at least Redundancy cost The charity made no redundancy payments during the reporting period. Deferred income No material item of deferred income has been included in the accounts. Creditors The charity has creditors which are measured at settlement amounts less any trade discounts Provisions for liabilities A liability is measured on recognition at its historical cost and then subsequently measured at the best estimate of the amount required to settle the obligation at the reporting date Basic financial instruments The charity has intangible fixed assets, that is, non-monetary assets that do not have physical substance but are identifiable and are controlled by the charity through custody or legal rights. The amortisation rates and methods used are disclosed in note 9.5 They are valued at cost. The charity has heritage assets, that is, non-monetary assets with historic, artistic, scientific, technological, geophysical or environmental qualities that are held and maintained principally for their contribution to knowledge and culture. The depreciation rates and methods used as disclosed in note 9.6.1.4. Liability recognition Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out resources and the amount of the obligation can be measured with reasonable certainty. The charity accounts for basic financial instruments on initial recognition as per paragraph 10.7 FRS102 SORP. Subsequent measurement is as per paragraphs 11.17 to 11.19, FRS102 SORP. Tangible fixed assets for use by charity The depreciation rates and methods used are disclosed in note 9.2. Governance and support costs Support costs have been allocated between governance costs and other support. Governance costs comprise all costs involving public accountability of the charity and its compliance with regulation and good practice. Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, eg allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage. They are valued at cost. Investments Fixed asset investments in quoted shares, traded bonds and similar investments are valued at initially at cost and subsequently at fair value (their market value) at the year end. The same treatment is applied to unlisted investments unless fair value cannot be measured reliably in which case it is measured at cost less impairment. Investments held for resale or pending their sale and cash and cash equivalents with a maturity date of less than 1 year are treated as current asset investments Grants with performance conditions Where the charity gives a grant with conditions for its payment being a specific level of service or output to be provided, such grants are only recognised in the SoFA once the recipient of the grant has provided the specified service or output. Grants payable without performance conditions Where there are no conditions attaching to the grant that enables the donor charity to realistically avoid the commitment, a liability for the full funding obligation must be recognised. Stocks and work in progress Stocks held for sale as part of non-charitable trade are measured at the lower or cost or net realisable value. Goods or services provided as part of a charitable activity are measured at net realisable value based on the service potential provided by items of stock. Work in progress is valued at cost less any foreseeable loss that is likely to occur on the contract. Debtors Debtors (including trade debtors and loans receivable) are measured on initial recognition at settlement amount after any trade discounts or amount advanced by the charity. Subsequently, they are measured at the cash or other consideration expected to be received. Current asset investments The charity has has investments which it holds for resale or pending their sale and cash and cash equivalents with a maturity date less than one year. These include cash on deposit and cash equivalents with a maturity date of less than one year held for investment purposes rather than to meet short term cash commitments as they fall due. They are valued at fair value except where they qualify as basic financial instruments.		Yes No N/a	Yes No N/a	Yes No N/a
		
		Yes No N/a
				
		Yes No N/a
				
		Yes No N/a
				
		Yes No N/a
				
		Yes No N/a
				
		Yes No N/a
				
		Yes No N/a
		
		Yes No N/a
				
		Yes No N/a
		
		Yes No N/a

		
		Yes No N/a
				
		Yes No N/a
				
		Yes No N/a
				
		Yes No N/a
				
		Yes No N/a
				
		Yes No N/a
				
		Yes No N/a
		
		Yes No N/a
		
		Yes No N/a
		
		Yes No N/a
		
		Yes No N/a
		
		Yes No N/a
		

Section C Notes to the accounts (cont)

Note 3 Analysis of income

Other informati Donations and legacies: Charitable activities: TOTAL INCOM Other: Other trading activities: Income from investments: Separate material item of income:	Analysis	Unrestricted funds Restricted income funds Endowment funds Total funds Prior year £ £	Unrestricted funds Restricted income funds Endowment funds Total funds Prior year £ £	Unrestricted funds Restricted income funds Endowment funds Total funds Prior year £ £	Unrestricted funds Restricted income funds Endowment funds Total funds Prior year £ £	Unrestricted funds Restricted income funds Endowment funds Total funds Prior year £ £
	Donations andgifts	112,417	-	-	112,417	67,558
	Gift Aid	12,486	-	-	12,486	-
	Legacies	-	-	-	-	-
	General grants provided by government/other charities	-	-	-	-	-
	Membership subscriptions and sponsorships which are in substance donations	-	-	-	-
	Donatedgoods,facilities and services	-	-	-	-	-
	Other	-	-	-	-	-
	Total	124,903	-	-	124,903	67,558

		-	-	-	-	-
		-	-	-	-	-
		-	-	-	-	-
	Other	-	-	-	-	-
	Total	-	-	-	-	-

		-	-	-	-	-
		-	-	-	-	-
		-	-	-	-	-
	Other	-	-	-	-	-
	Total	-	-	-	-	-

	Interest income	-	-	-	-	-
	Dividend income	-	-	-	-	-
	Rental and leasingincome	-	-	-	-	-
	Other	-	-	-	-	-
	Total	-	-	-	-	-

		-	-	-	-	-
		-	-	-	-	-
		-	-	-	-	-
		-	-	-	-	-
	Total	-	-	-	-	-

	Conversion of endowment funds into income	-	-	-	-	-
	Gain on disposal of a tangible fixed asset held for charity's own use	-	-	-	-	-
	Gain on disposal of a programme related investment	-	-	-	-	-
	Royalties from the exploitation of intellectual propertyrights	-	-	-	-	-
	Other	-	-	-	-	-
	Total	-	-	-	-	-
	on: E
		124,903	-	-	124,903	67,558

All income in the prior year was unrestricted except for: (please provide description and amounts)
Where any endowment fund is converted into income in the reporting period, please give the reason for the conversion.


Within the income items above the following items are material: (please disclose the nature, amount and any prior year amounts)

CC17a (Excel)

31/10/2024

Section C Notes to the accounts (cont)

Note 6 Analysis of expenditure

Note 6 Analysis of expenditure	Analysis of expenditure
Fudraising agents Operating charity shops Travellings Prior Year Adjustment Advertising, marketing, direct mail and publicity Start up costs incurred in generating new source of future income Rent collection, property repairs and maintenance charges Operating membership schemes and social lotteries Staging fundraising events Merchandise Other trading activities Analysis Portfolio management costs Intellectual property licencing costs Cost of obtaining investment advice Expenditure on raising funds: Incurred seeking legacies Total expenditure on charitable activities Other Total expenditure on raising funds Total Equipment Expenses AccountancyFees Independent Examiners fees Separate material item of expense Incurred seeking grants Langar Investment management costs: Incurred seeking donations Expenditure on charitable activities Donation Camp Hire Investment administration costs Venue Hire TOTAL EXPENDITURE Total other expenditure Stationary Other Website/Bank Charges	Analysis	Unrestricted funds Restricted income funds Endowment funds Total funds Prior year £ £
	Incurred seeking donations	-	-	-	-	-
	Incurred seeking legacies	-	-	-	-	-
	Incurred seeking grants				-
	Operating membership schemes and social lotteries				-
	Staging fundraising events				-
	Fudraising agents				-
	Operating charity shops				-
	Camp Hire	-			-	-
	Advertising, marketing, direct mail and publicity	909	-	-	909	306
	Start up costs incurred in generating new source of future income	-	-	-	-	-
	Merchandise	7,313	-	-	7,313	4,910
	Other trading activities
	Investment management costs:	-	-	-	-
	Portfolio management costs	-	-	-	-	-
	Cost of obtaining investment advice	-	-	-	-	-
	Investment administration costs	-	-	-	-	-
	Intellectual property licencing costs	-	-	-	-	-
	Rent collection, property repairs and maintenance charges	-	-	-	-	-
		-	-	-	-	-
	Total expenditure on raising funds	8,222	-	-	8,222	5,216

	Donation		-	-	-	-
	Equipment Expenses	11,825	-	-	11,825	419
	Langar	-	-	-	-	-
	Venue Hire	89,564	-	-	89,564	58,213
	Travellings	17,852			17,852	14,770
	Prior Year Adjustment	-				-
	Total expenditure on charitable activities	119,241	-	-	119,241	73,402

		-	-	-	-	-
		-	-	-	-	-
		-	-	-	-	-
		-	-	-	-	-
	Total	-	-	-	-	-

	AccountancyFees	1,900	-	-	1,900	1,250
	Independent Examiners fees	500	-	-	500	500
	Stationary	7,943	-	-	7,943	4,042
	Website/Bank Charges	544	-	-	544	200
	Other	1,079	-	-	1,079	325

	Total other expenditure	11,966	-	-	11,966	6,317

		139,429	-	-	139,429	84,935

CC17a (Excel)

31/10/2024

Section C Notes to the accounts (cont)

Note 20 Creditors and accruals

Please complete this note if the charity has any creditors or accruals.

20.1 Analysis of creditors

Amounts falling due within oneyear	Amounts falling due within oneyear	Amounts falling due after more than oneyear	Amounts falling due after more than oneyear
This year £	Last year £	This year £	Last year £
-	-	-	-
-	-	-	-
8,860	-	-	754
-	-	-	-
500	-	-	500
-	-	-	-
-	-	-	-
~~9,360~~	~~-~~	~~-~~	~~1,254~~

20.2 Deferred income

Please complete this note if the charity has deferred income.

Please explain the reasons why income is deferred.

Movement in deferred income account Balance at the start of the reporting period Amounts added in current period Amounts released to income from previous periods Balance at the end of the reporting period

This year £	Last year £
-	-
-	-
-	-
-	-

CC17a (Excel)

31/10/2024

Section C Notes to the accounts (cont)

Note 24 Cash at bank and in hand

Paypal Cash at bank and on hand Total Short term cash investments (less than 3 months maturity date) Short term deposits	This year £	Last year £
	-	-
	-	-
	39,172	34,884
	16,821	27,529
	55,993	62,413

CC17a (Excel)

31/10/2024

==> picture [189 x 53] intentionally omitted <==

Independent examiner's report on the accounts

Section A Independent Examiner’s Report

Report to the trustees/ Charity Name Khalsa Foundation members of

On accounts for the year ended Set out on pages Responsibilities and basis of report	31 December 2023	Charity no (if any)	1161419

	1 and 2 of Statement of Financial Activities
	I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 31/12/2022. As the charity's trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).

I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent I am qualified to undertake the examination by being a qualified member of examiner's statement The Association of Chartered Certified Accountants .

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect:

the accounting records were not kept in accordance with section 130 of the Charities Act; or
the accounts did not accord with the accounting records; or
the accounts did not comply with 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 give a ‘true and fair’ view which is not a matter considered as part of an independent examination.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Please delete the words in the brackets if they do not apply.

Signed: Date: 31/10/2024 Name: Kaman Singh Waiba Relevant professional ACCA qualification(s) or body (if any):

Oct 2018

IER

Address: Vista Centre 50 Salisbury Road, Hounslow, TW4 6JQ

Section B Disclosure

Only complete if the examiner needs to highlight material matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners).

Give here brief details of any items that the examiner wishes to disclose .

Oct 2018

IER