Docusign Envelope ID: 2CAB470A-BCF9-41F6-8E08-FEF795152A7D
Charity registration number: 1169568
Guru Hargobind Sahib Trust Accounts for the year ended 31 March 2025
Ashton Shah & Co Limited Chartered Certified Accountants Laxmi House 2-b Draycott Avenue Kenton Harrow Middlesex HA3 0BU
Docusign Envelope ID: 2CAB470A-BCF9-41F6-8E08-FEF795152A7D
## **Guru Hargobind Sahib Trust Trustee`s report and accounts Contents**
||**Page**|
|---|---|
|Charity information|1|
|Trustee`s annual report|2 to 3|
|Independent examiner`s report|4|
|Statement of financial activities|5|
|Statement of financial position|6|
|Notes to the accounts|7 to 11|
Docusign Envelope ID: 2CAB470A-BCF9-41F6-8E08-FEF795152A7D
## **Guru Hargobind Sahib Trust Charity Information**
## **Charity registration number**
1169568
## **Trustees**
Mr Saptar Singh Gulati Mr Gurinder Singh Madhan
## **Accountants**
Ashton Shah & Co Limited Chartered Certified Accountants Laxmi House 2-b Draycott Avenue Kenton Harrow Middlesex HA3 0BU
## **Principle office**
Yeading Fork Farm Hayes Middlesex UB4 9DG
## **Independent Examiner**
Ratnakar Dhundiraj Lele(FCCA) Ratan Lele Consulting Ltd 14 Caxton Way Romford ESSEX RM1 4GS
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Docusign Envelope ID: 2CAB470A-BCF9-41F6-8E08-FEF795152A7D
## **Guru Hargobind Sahib Trust Charity registration number: 1169568 Trustee`s Annual Report**
The trustees presents their report and the financial statements of the charity for the year ended 31 March 2025.
## **Objectives and activities**
## Objectives
To advance the Sikh religion in London and the surrounding area for the benefit of the public in such ways as the trustees from time to time may think fit. To advance the education of the public in the following subjects: Languages, in particular Punjabi, and Sikh beliefs, culture and heritage. To provide or assist in the provision of facilities in the interest of social welfare for recreation or other leisure time occupation of individuals who have need of such facilities by reason of their youth, age infirmity or disability, financial hardship or social circumstances with the object of improving their conditions of life.
## Activities
Raising funds through donations and raising awareness of the charity and it's objectives to the public and community it wishes to serve. Raising finance and awareness of the charity. The funds received by donations are to be used to achieve the Charity's objectives as well as to obtain a premises to carry out said objectives.
The trustees have had regard to the Charity Commission's guidance on public benefit in managing the activities of the charity.
## **The Trustees**
The following persons served as trustees during year Mr Saptar Singh Gulati Mr Gurinder Singh Madhan
## **Structures,governance and management**
## **Trustee selection methods**
Appointed by resolution of the trustees passed at a special meeting
## **Additional governance issues**
The charity shall have at least two trustees.
In selecting persons to be appointed as trustees, the trustees shall take into account the benefits of appointing a person who is able by virtue of his or her personal or professional qualifications to make a contribution to the pursuit of the objectives or the management of the charity. The trustees shall hold at least one ordinary meeting each year.
## **Achievements and performance**
The trustees of the Charity have assessed their performance as successful for the period in which establishment, and increased awareness of the Charity has taken place by carrying out it's objectives as stated above.
Fundraising activities during the period was that of receiving donations from the public and community the charity aims to serve in carrying out its objectives as per the governing document.
By securing a freehold land in previous years, the Trust has refurbished the existing structure solely for the purpose of creating a hall which is used for meetings of the members of the Trust and for the restoration, preservation and secure storage of aged sacred texts, including the Guru Granth Shahib, in accordance with Sikh religious traditions which resulted in substantial increase in donations by members and the community and no major fund raising event was organised.
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Docusign Envelope ID: 2CAB470A-BCF9-41F6-8E08-FEF795152A7D
## **Guru Hargobind Sahib Trust Charity registration number: 1169568 Trustee`s Annual Report**
The degree to which the charity has benefited the wider society has been in the form of obtaining funds from donations and advertising itself to the public and community it wishes to serve.
This has been in the form of holding meetings between the members and trustees as to how they are to reach out to the wider community and achieve their objectives as defined in the governing document.
## **Financial review**
It is the general policy of the charity not to accumulate or hold reserves other than those which are to be expensed in the following period on activities and other general expenses in order to achieve its objectives. It is not yet possible to quantify this amount until the charity has become fully established where costs can be accurately predicted.
The trustees consider the financial performance by the charity during the year to have been satisfactory. During the period, the charity received donations of £585,532 and incurred expenditure of £173,667.
## **Trustee`s responsibilities statement**
The trustees are responsible for preparing the trustee's report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England and Wales requires the charity trustees to prepare financial statements for each year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, of the charity for that period.
In preparing these financial statements, the trustees are required to: •select suitable accounting policies and then apply them consistently;
•observe the methods and principles in the applicable Charities SORP; •make judgments and accounting estimates that are reasonable and prudent;
• prepare the financial statements on the going concern basis unless it is inappropriate to presume tha the charity will continue in business.
The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charity's transactions and disclose with reasonable accuracy at any time the financial position of the charity and enable him to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the provisions of the Trust Deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The trustee`s annual report was approved and signed on behalf of the board of
trustees by: Signed by: DocuSigned by: ….............................. 8652FAD3121745C... ….................................... B93B1791E52F4E7... Mr Saptar Singh Gulati Mr Gurinder Singh Madhan Trustee 1/19/2026 Trustee 19/01/2026
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Docusign Envelope ID: 2CAB470A-BCF9-41F6-8E08-FEF795152A7D
## **Guru Hargobind Sahib Trust Independent Examiner`s Report**
## **Independent Examiner`s Report to the trustees of Guru Hargobind Sahib Trust**
I report to the trustees on my examination of the financial statements of Guru Hargobind Sahib Trust (the Charity) for the year ended 31 March 2025.
## **Responsibilities and basis of the report**
As the trustees of the charity, you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011(the 2011 Act)
I report in respect of my examination of the charity's financial statements carried out under section 145 of the 2011 Act. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act
## **Independent examiner's statement**
Since the Charity's gross income exceeded £ 250,000 your examiner must be a member of body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Chartered Association of Certified Accountants of applicable listed body which is one of the listed bodies.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: 1. Accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act or
2. The financial statements do not accord with those records: or
3.The financial statements do not comply with the applicable requirements of section 130 of the Act other than any requirement that the accounts give true and fair view which is not 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 financial statements to be reached.
Ratnakar Dhundiraj Lele (FCCA) Independent examiner 14 Caxton Way Romford Essex RM1 4Gs
…...........................
20/01/2026
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Docusign Envelope ID: 2CAB470A-BCF9-41F6-8E08-FEF795152A7D
## **Guru Hargobind Sahib Trust Statement of financial activities for the year ended 31 March 2025**
|**Note**
**Income and endowments**
Donations
4
Other income
5
**Expenditure**
Expenditure on charitable activities
6-7
**Total expenditure**
**Net movement in funds**
**Reconciliation of funds**
Total Funds Brought Forward
**Total Funds Carried Forward**|**2025**
**£**
**Unrestricted**
**Funds**
585,532
-
585,532
173,667
173,667
411,865
1,575,251
1,987,116|**2024**
**£**
**Unrestricted**
**Funds**
313,986
12,000
325,986
381,461
381,461
(55,475)
1,630,726
1,575,251|
|---|---|---|
The statement of financial activities includes all gains all gains and losses recognised in the year. All income and expenditure derive from continuing activities
5
Docusign Envelope ID: 2CAB470A-BCF9-41F6-8E08-FEF795152A7D
## **Guru Hargobind Sahib Trust Charity registration number:** 1169568 **Balance Sheet as at 31 March 2025**
|**Notes**|**Notes**||**2025**||**2024**|
|---|---|---|---|---|---|
||||Unrestricted||Unrestricted|
||||Funds||Funds|
||||**£**||**£**|
|**Fixed assets**||||||
|Tangible assets|11||2,519,226||2,519,474|
|**Current assets**||||||
|Debtors|12|78,984||97,369||
|Cash at bank and in hand||27,916||54,042||
|**Creditors: amounts falling due**||106,900||151,411||
|**within one year**|13|(639,010)||(1,095,634)||
|**Net current liabilities**|||(532,110)||(944,223)|
|**Net assets**|||1,987,116||1,575,251|
|**Funds of the charity**||||||
|Unrestricted funds|||1,987,116||1,575,251|
|**Total charity funds**|||1,987,116||1,575,251|
These financial statements were approved by the board of trustees and authorised for issue on 2025, and are signed on behalf of the board by: Signed by: DocuSigned by: [Safar …..................... 8652FAD3121745C...Sing. Col ….................... [GivinB93B1791E52F4E7... Sing Malan Mr Saptar Singh Gulati Mr Gurinder Singh Madhan Trustee Trustee Approved by the Board on 1/19/2026
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Docusign Envelope ID: 2CAB470A-BCF9-41F6-8E08-FEF795152A7D
## **Guru Hargobind Sahib Trust Notes to the Accounts for the year ended 31 March 2025**
## **1** _**General information**_
The charity is a public benefit entity and a registered charity in England and Wales and is unincorporated. The address of the principal office is Unit 4, Swallowfield, Hayes, UB3 1DQ, Middlesex.
## **2** _**Statement of compliance**_
These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Charities Act 2011.
## **3** _**Accounting policies**_
## _**Basis of preparation**_
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.
The financial statements are prepared in sterling, which is the functional Currency.
## **Going concern**
There are no material uncertainties about the charity's ability to continue.
## **Judgements and key sources of estimation uncertainty**
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
## **Fund accounting**
Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.
Designated funds are unrestricted funds earmarked by the trustee for particular future project or commitment.
Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.
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Docusign Envelope ID: 2CAB470A-BCF9-41F6-8E08-FEF795152A7D
## **Guru Hargobind Sahib Trust Notes to the Accounts for the year ended 31 March 2025**
## _**Incoming resources**_
"All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:
• income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.
• legacy income is recognised when receipt is probable and entitlement is established.
• income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers.
• income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted."
## _**Resources expended**_
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:
• expenditure on raising funds includes the costs of all fundraising activities, events, non charitable trading activities, and the sale of donated goods.
• expenditure on charitable activities includes all costs incurred by a charity in undertakin activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.
• other expenditure includes all expenditure that is neither related to raising funds for the charit nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.
8
Docusign Envelope ID: 2CAB470A-BCF9-41F6-8E08-FEF795152A7D
## **Guru Hargobind Sahib Trust Notes to the Accounts for the year ended 31 March 2025**
## _**Tangible fixed assets**_
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless it reverses a charge for impairment that has previously been recognised as expenditure within the statement of financial activities. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses, except to which it offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of financial activities.
- Freehold buildings Plant and machinery over 5 years
## _**Impairment of fixed assets**_
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cashgenerating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.
## _**Financial instruments**_
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted.
Debt instruments are subsequently measured at amortised cost.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised.
Any reversals of impairment are recognised immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
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Docusign Envelope ID: 2CAB470A-BCF9-41F6-8E08-FEF795152A7D
## **Guru Hargobind Sahib Trust Notes to the Accounts for the year ended 31 March 2025**
|**4**
**Donations and legacies**
Donations
**5**
**Other income**
Rent received
**6**
**Expenditure on charitable activities by fund type**
**7**
**Expenditure on charitable activities by activity type**
Event expenses
Governance costs
Support costs
**8**
**Analysis of support costs**
Premises costs
General office
Finance costs
**9**
**Employees**
The average head count of employees during the year was|**2025**
Unrestricted
Funds
**£**
585,532
-
173,667
-
20,527
153,140
173,667
18,640
23,971
110,529
153,140
**2025**
**Number**
NIL|**2024**
Unrestricted
Funds
**£**
313,986
12,000
381,461
130,578
16,840
234,043
381,461
91,025
4,572
138,446
234,043
**2024**
**Number**
NIL|
|---|---|---|
## **10 Trustees remuneration and expenses**
No remuneration or other benefits from employment with the charity or a related entity were received by the trustees.
## **11 Tangible fixed assets**
|**Cost**
At 1 April 2024
At 31 March 2025
**Depreciation**
At 1 April 2024
Charge for the year
At 31 March 2025
**Net book value**
At 31 March 2025
At 31 March 2024|**Freehold**
**land**
**£**
2,518,480
2,518,480
-
-
-
2,518,480
2,518,480|**Plant and**
**machinery**
**etc**
**£**
1,242
1,242
248
248
496
746
994|**Total**
**£**
2,519,722
2,519,722
248
248
496
2,519,226
2,519,474|
|---|---|---|---|
10
Docusign Envelope ID: 2CAB470A-BCF9-41F6-8E08-FEF795152A7D
## **Guru Hargobind Sahib Trust Notes to the Accounts for the year ended 31 March 2025**
|**12 Debtors**
Other debtors
**13 Creditors: amounts falling due within one year**
Bank loans and overdrafts
Trade creditors
Other creditors|**2025**
Unrestricted
Funds
**£**
78,984
**2025**
**£**
600,000
-
39,010
639,010|**2024**
Unrestricted
Funds
**£**
97,369
**2024**
**£**
855,027
3,322
237,285
1,095,634|
|---|---|---|
Bank loan is secured by way of a legal charge on the freehold land and a personal guarantee by the trustee Mr S S Gulati.
## **14 Analysis of charitable funds**
|At
1st Apr 2024
**Unrestricted funds**
General funds
1,575,251
At
1st Apr 2023
General funds
1,630,726
**15 Analysis net assets between funds**
Tangible fixed assets
Current Assets
Creditors less than 1 Year
**Net Assets**
Tangible fixed assets
Current Assets
Creditors less than 1 Year|Income
585,532
Income
325,986|Expenditure
(173,667)
Expenditure
(381,461)
**Unrestricted**
**Funds**
2,519,226
106,900
(639,010)
1,987,116
**Unrestricted**
**Funds**
2,519,474
151,411
(1,095,634)
1,575,251|At
31st Mar 2025
1,987,116
At
31st Mar 2024
1,575,251
**Total Funds**
**31st Mar 25**
2,519,226
106,900
(639,010)
1,987,116
**Total Funds**
**31st Mar 24**
2,519,474
151,411
(1,095,634)
1,575,251|
|---|---|---|---|
## **16 Controlling party**
The Charity is controlled by the board of trustees.
11
Docusign Envelope ID: 2CAB470A-BCF9-41F6-8E08-FEF795152A7D
## **Guru Hargobind Sahib Trust Detailed income and expenditure account for the year ended 31 March 2025**
_This schedule does not form part of the statutory accounts_
|**Donations**
Administrative expenses
**Net income**
Rent received
Loan interest and fees
**Excess of income/(loss) over expenditure**|**2025**
Unrestricted
Funds
**£**
585,532
63,252
522,280
-
(110,415)
411,865|**2024**
Unrestricted
Funds
**£**
313,986
243,090
70,896
12,000
(138,371)
(55,475)|
|---|---|---|
12
Docusign Envelope ID: 2CAB470A-BCF9-41F6-8E08-FEF795152A7D
## **Guru Hargobind Sahib Trust Detailed income and expenditure account for the year ended 31 March 2025**
_This schedule does not form part of the statutory accounts_
|**Income**
Donations
**Less: Administrative expenses**
Rent
Rates
Light and heat
Cleaning
Telephone and internet
Bank charges
Charity
Insurance
Repairs and maintenance
Depreciation
Sundry expenses
Event expenses
Land & security expenses
Audit fees
Accountancy fees
Accountancy fee -u/provision
Consultancy fees
Other legal and professional
**Excess of income over expenditure**|**2025**
Unrestricted
Funds
**£**
585,532
-
254
5,301
-
31
114
19,100
354
-
248
4,623
-
12,700
-
6,320
-
2,890
11,317
63,252
522,280|**2024**
Unrestricted
Funds
**£**
313,986
2,000
-
5,300
635
-
75
921
339
10,230
248
3,403
130,578
72,521
4,560
4,800
1,500
2,100
3,880
243,090
70,896|
|---|---|---|
13