2024-12-31-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. This document is also available as Markdown.

Trustees’ Annual Report for the period

From 1 Jan 2024 Period start date To 31 Dec 2024 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 retreats and day camps. These take place at universities, Gurdwara’s, 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 significant number of volunteers have dedicated their time and resources to help Khalsa Foundation deliver in our charitable goals, and the organisation is grateful for this.
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	2024 was a year of landmark growth for the Khalsa Foundation, anchored by the expansion of our core vision for the Khalsa Family Retreat. For the first time in the charity's history, we successfully delivered three major flagship events. Crucially, the Khalsa Family Retreat was hosted twice—a sold-out summer event and a second sold-out winter edition. These high-impact, multi-day retreats welcomed over 600 delegates, with a remarkable 75%+ retention rate demonstrating the value perceived by returning families. The Retreats served as vital opportunities for families to learn together, connect deeply with one another, and build relationships within a supportive community. In addition, the long-standing Khalsa Camp continued to evolve, offering essential individual learning pathways in Sikhi. Our core support services thrived, including the free-of-charge Sikh Parenting Course, which provided practical guidance to families on embedding Sikhi into family life. The Anand 4 Life course focused on strengthening marriages, delivering strategies to help newlyweds and future couples navigate relationship difficulties through UK-wide and online events. We actively pursued collaborative engagement, partnering with fellow educational charities and participating in multi-faith initiatives. This outreach included delivering educational talks in schools and engaging with diverse community groups.

By investing in these comprehensive resources and dynamic events, the Foundation fulfilled its mission to enrich beneficiaries' lives, foster educational growth and cultural understanding, and contribute positively to wider society.

Additional information (optional) You may choose to include further statements	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 Trustees are pleased to report that the Khalsa Foundation maintained a financially sustainable position throughout 2024, enabling the successful delivery of our ambitious program schedule and expansion of core charitable activities. The Foundation’s principal source of income continues to be voluntary donations from the Sikh community. The significant investment in 2024 allowed for the hosting of three flagship events (the two Khalsa Family Retreats and Khalsa Camp), the continued free provision of the Sikh Parenting Course, and the expansion of the Anand 4 Life course across the UK and online. Whilst the organisation is in a financially healthy position and can continue to expand its operations, inflation and cost of operations has increased significantly over the past year, and this has continued to have an impact, however the organisation has adjusted and increase fundraising efforts to ensure continued efficiencies in our spending.
Statement explaining the policy for holding reserves stating why they are held	Para 1.22	The Trustees continue to monitor the financial health of the charity carefully, ensuring that all funds are utilised efficiently to maximise our charitable impact for the public benefit while ensuring long-term operational resilience.
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 social investment policy adopted	Para 1.46
A description of the principal risks facing the charity	Para 1.46
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	Panjab Times, Bridle Gate Lane, Alvaston, Derby, DE24 0QW

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)
	Parmvir Singh
	Bhagat Singh
	HardipSingh

– 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) Bhagat Singh Full name(s) Parmvir Singh ~~a~~ Position (eg Secretary, Chair, etc) ~~—a—~~ Date 4/11/2025 ~~|~~

Charity No (if any) 1161419 Period start date 01/01/2024 To Period end date 31/12/2024 Charity Name: Khalsa Foundation Annual accounts for the period ”—————— FOR ENGLAND AND WALES	Charity No (if any) 1161419 Period start date 01/01/2024 To Period end date 31/12/2024 Charity Name: Khalsa Foundation Annual accounts for the period ”—————— FOR ENGLAND AND WALES	Charity No (if any) 1161419 Period start date 01/01/2024 To Period end date 31/12/2024 Charity Name: Khalsa Foundation Annual accounts for the period ”—————— FOR ENGLAND AND WALES	Charity No (if any) 1161419 Period start date 01/01/2024 To Period end date 31/12/2024 Charity Name: Khalsa Foundation Annual accounts for the period ”—————— FOR ENGLAND AND WALES	Charity No (if any) 1161419 Period start date 01/01/2024 To Period end date 31/12/2024 Charity Name: Khalsa Foundation Annual accounts for the period ”—————— FOR ENGLAND AND WALES	Charity No (if any) 1161419 Period start date 01/01/2024 To Period end date 31/12/2024 Charity Name: Khalsa Foundation Annual accounts for the period ”—————— FOR ENGLAND AND WALES	Charity No (if any) 1161419 Period start date 01/01/2024 To Period end date 31/12/2024 Charity Name: Khalsa Foundation Annual accounts for the period ”—————— FOR ENGLAND AND WALES	Charity No (if any) 1161419 Period start date 01/01/2024 To Period end date 31/12/2024 Charity Name: Khalsa Foundation Annual accounts for the period ”—————— FOR ENGLAND AND WALES	Charity No (if any) 1161419 Period start date 01/01/2024 To Period end date 31/12/2024 Charity Name: Khalsa Foundation Annual accounts for the period ”—————— FOR ENGLAND AND WALES	Charity No (if any) 1161419 Period start date 01/01/2024 To Period end date 31/12/2024 Charity Name: Khalsa Foundation Annual accounts for the period ”—————— FOR ENGLAND AND WALES	Charity No (if any) 1161419 Period start date 01/01/2024 To Period end date 31/12/2024 Charity Name: Khalsa Foundation Annual accounts for the period ”—————— FOR ENGLAND AND WALES	Charity No (if any) 1161419 Period start date 01/01/2024 To Period end date 31/12/2024 Charity Name: Khalsa Foundation Annual accounts for the period ”—————— FOR ENGLAND AND WALES	Charity No (if any) 1161419 Period start date 01/01/2024 To Period end date 31/12/2024 Charity Name: Khalsa Foundation Annual accounts for the period ”—————— FOR ENGLAND AND WALES		a
Section A Statement of financial activities	Section A Statement of financial activities	Section A Statement of financial activities					Section A Statement of financial activities	Section A Statement of financial activities
Recommended categories by activity Incoming resources (Note 3)		Guidance Notes	Unrestricted funds £ F01		Unrestricted Restricted income funds £ F02			Endowment funds £ F03		Total funds £ F04				Prior year funds £ F05
Income and endowments from:
Donations and legacies		S01		-		-			-			-		-
Charitable activities		S02		158,565		-			-			158,565		124,903
Other trading activities		S03		-		-			-			-		-
Investments		S04		-		-						-		-
Separate material item of income		S05		-		-			-			-		-
Other		S06		-		-			-			-		-
*Total*		S07		158,565		-			-			158,565		124,903
Resources expended (Note 6)
Expenditure on:
Raising funds		S08		16,257		-			-			16,257		8,222
Charitable activities		S09		141,069		-			-			141,069		119,241
Separate material item of expense		S10		-		-			-			-		-
Other		S11		10,229		-			-			10,229		11,966
*Total*		S12		167,555		-			-			167,555		139,429

Net income/(expenditure) before investment
gains/(losses)		S13	-	8,990 -		-			-	-		8,990 -	-	14,526 -
Net gains/(losses) on investments		S14		-		-			-			-		-
Net income/(expenditure)		S15	-	8,990 -		-			-	-	-	8,990 -	-	14,526 -
Extraordinary items		S16		-		-			-			-		-
Transfers between funds		S17		-		-			-			-		-
Other recognised gains/(losses):
Gains and losses on revaluation of fixed assets for the charity’s own use		S18		-		-			-			-		-
Other gains/(losses)		S19		-		-			-			-		-
*Net movement in funds*		S20	-	8,990 -		-			-	-	-	8,990 -	-	14,526 -
*Reconciliation of funds:*
Total funds brought forward		S21		46,633		-			-			46,633		61,159

*Total funds carried forward*		S22		37,643		-			-			37,643		46,633

Section B Balance sheet

	Guidance Notes	Unrestricted funds		Restricted income funds	Endowment funds Total this year	Total last year
		£		£	£ £	£
Fixed assets		F01		F02	F03 F04	F05
Intangible assets (Note 15) Tangible assets (Note 14) Heritage assets (Note 16) Investments (Note 17) *Total fixed assets* Current assets	B01 B02 B03 B04 B05	- - - - - - - - - - - - - - - - - - - - - - - - - ~~=ee=e~~
Stocks (Note 18) Debtors (Note 19) Investments (Note 17.4) Cash at bank and in hand (Note 24) *Total current assets* Creditors: amounts falling due within one year (Note 20)	B06 B07 B08 B09 B10 B11	- - - - - - - - - - - - - - - 40,643 - - 40,643 55,993 40,643 - - 40,643 55,993 3,000 - - 3,000 9,360 ~~———~~
*Net current assets/(liabilities)*	B12	37,643	-	-	- 37,643	46,633

*Total assets less current liabilities*	B13	37,643	-	-	- 37,643	46,633
Creditors: amounts falling due after one year (Note 20) Provisions for liabilities *Total net assets or liabilities* Funds of the Charity	B14 B15 B16	- - - - - - - - - - 37,643 - - 37,643 46,633 ~~=ssc6~~
Endowment funds (Note 27)	B17	-			-	-
Restricted income funds (Note 27)	B18		-	-	-	-
Unrestricted funds	B19	37,643			- 37,643	46,633
Revaluation reserve	B20				-
*Total funds*	B21	37,643	-	-	- 37,643	46,633

Signed by one or two trustees on behalf of all						Date of
the trustees		Signature			Print Name	approval dd/mm/yyyy
					Mr Parmvir Singh	03/11/2025
					Mr Jagdeep Singh Mr Bhagat Singh	03/11/2025

CC17a (Excel)

03/11/2025

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 the Financial Reporting Standard applicable in the United Kingdom and Republic of • and with √ 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)

03/11/2025

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


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.

Section C Notes to the accounts (cont)

Note 3 Analysis of income

==> picture [324 x 512] intentionally omitted <==

----- Start of picture text -----
Restricted
Unrestricted income Endowment
funds funds funds Total funds Prior year
Analysis £ £
Donations Donations and gifts 158,565 - - 158,565 112,417
and legacies: Gift Aid - - - - 12,486
Legacies - - - - -
General grants provided by government/other
charities - - - - -
Membership subscriptions and sponsorships
which are in substance donations
- - - -
Donated goods, facilities and services - - - - -
Other - - - - -
Total 158,565 - - 158,565 124,903
Charitable
activities: - - - - -
- - - - -
- - - - -
Other - - - - -
Total - - - - -
Other trading
activities: - - - - -
- - - - -
- - - - -
Other - - - - -
Total - - - - -
Income from Interest income - - - - -
investments: Dividend income - - - - -
Rental and leasing income - - - - -
Other - - - - -
Total - - - - -
Separate - - - - -
material item - - - - -
of income: - - - - -
- - - - -
Total - - - - -
Other: 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
property rights - - - - -
Other - - - - -
Total - - - - -
TOTAL INCOME 158,565 - - 158,565 124,903
Other information:
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)
----- End of picture text -----

CC17a (Excel)

03/11/2025

Section C Notes to the accounts (cont)

Note 6 Analysis of expenditure

==> picture [391 x 610] intentionally omitted <==

----- Start of picture text -----
Restricted
Unrestricted income Endowment
funds funds funds Total funds Prior year
Analysis £ £
Expenditure on Incurred seeking donations - - - - -
raising funds: 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 79 - - 79 909
Start up costs incurred in generating
new source of future income
- - - - -
Merchandise
16,178 - - 16,178 7,313
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 16,257 - - 16,257 8,222
Expenditure on Donation 18,083 - - 18,083 -
charitable Equipment Expenses
activities 6,129 - - 6,129 11,825
Langar - - - - -
Venue Hire 92,552 - - 92,552 89,564
Travellings 24,305 24,305 17,852
Prior Year Adjustment - -
Total expenditure on charitable
141,069 - - 141,069 119,241
activities
Separate material - - - - -
item of expense
- - - - -
- - - - -
- - - - -
Total - - - - -
Other
Accountancy Fees 3,990 - - 3,990 1,900
Independent Examiners fees 500 - - 500 500
Stationary 3,585 - - 3,585 7,943
Website/Bank Charges 663 - - 663 544
Other 1,491 - - 1,491 1,079
Total other expenditure 10,229 - - 10,229 11,966
TOTAL EXPENDITURE 167,555 - - 167,555 139,429
----- End of picture text -----

CC17a (Excel)

03/11/2025

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

Accruals for grants payable Bank loans and overdrafts Trade creditors Payments received on account for contracts or performance-related grants Accruals and deferred income Taxation and social security Other creditors Total	This year Last year This year Last year £ £ £ £ - - - - - - - - - - - 8,860 - - - - 3,000 - - 500 - - - - - - - - Amounts falling due within one year Amounts falling due after more than one year
	3,000 - - 9,360

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)

03/11/2025

Section C Notes to the accounts (cont)

Note 24 Cash at bank and in hand

Short term cash investments (less than 3 months maturity date) Short term deposits Cash at bank and on hand Paypal Total

==> picture [92 x 67] intentionally omitted <==

----- Start of picture text -----
This year Last year
£ £
- -
- -
17,064 39,172
23,579 16,821
40,643 55,993
----- End of picture text -----

CC17a (Excel)

03/11/2025

CHARITY COMMISSION FOR ENGLAND AND WALES Independent examinerfs report on the accounts Section A Independent Examiner's Report Report to the trusteesl members of Khalsa Foundation On accounts for the year ended 31 Dember 2024 Charity no (if any) 1161419 Set out on pages 1 and 2 of Statement of Financial Activities I report to the trustees on my examination of the accounts of the above charity {llhe Trust") for the year ended 31/1212024 Responsibilities and basis of report As the charity's trustees. you are responsible for the preparation of the accounts in accordance with the qUirementS of the Charities Act 2011 (Ihe Act.). I report in respect of my examination of the Trust's accounts carried out under section 145 of the 2011 Act and in carying out my examination. I have followed all the applicable Directions given by the Charity Commission under section 145(5}(b) of the Act. Independent l 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 confinn 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 cOrdS-, or the accounts did not comply with the applicable requirements conceming the fonn 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 fairf view which is not a matter considered as part of an independent examination. I have no concems and have come across no other matters in connection with the examination to whiGh attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Plea te the words in the brackets rf they do not apply. Signed: Date: 0811112025 Name: Kaman Singh Waiba Relevant professional qualification(s) or body (if any): ACCA Address: Vista Centre 50 Salisbury Road, Hounslow, TW4 6JQ IER

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 .

IER