Sant Baba Joglnder Singh Ji Domeli Charitable Trust (A Charitable Incorporated Organisation} REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024 Charity No. 1172354 Sant Baba Joginder Singh Ji Domeli Charitable Trust CONTENTS Page Report of the Trustees Report of the Independent Examiner Statement of Fina ncial Activitie5 Balance Sheet Accounting Policies Notes to the Financial Statements 9-12 Sant Baba Joginder Singh Ji Domeli Charitable Trust REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JULY 2024 The Trustees present their report along with the financial statements of the charity for the year ended 31 July 2024. The financial statements have been prepared in accordance with the accounting policies set out in the notes thereto and comply with the charity's trust deed and applicable law. These accounts have been prepared from information held by the Trustees. They assume that arrangements will be established under which the Trust operates a place of worship and uses the donation income to maintain the property and fulfil its charitable objectives. Reference and admlnlstratlve Information Name of charity.. Registered charity number.. Sant Baba Joginder Sin8h Ji Domeli Charitable Trust 1172354 Address for correspondence., 29 Warstone Drive West Bromwich 8714BH The trustees who served in the period were.. Joginder Singh Futi Singh Edward Gurutegh Singh Independent examiner: Michael Nielsen ACA UHY Hacker Young18irmingham} LLP 9-11 Vittoria Street Birmin8ham BI 3ND Bank: Barclays Bank plc Leicester LE87 2BB Sant Baba Joginder Singh JI Domeli Charitable Trust REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JULY 2024 Structure, Governance and Management Governing document The Sant Baba Joginder Singh Ji Domeli Charitable Trust was established 31 March 2017 and is a charitable incorporated organisation regulated by the Charities Commission. It is a registered charity with charity number 1172354. Recruitment and oppointment of Trustees The Trustees who served during the period covered by the accounts, and since year end, are set out in the reference and administration details on page l. Day to day activities are managed by the Trustees. Any other items such as disposals are to be recommended by the Trusts and Charities Committee by Full Council. New Trustees are appointed by full council as seen fit, and inducted by existing Trustees on the objectives and governance policies of the Trust. Objectlves and Activities The objects of the charity are set out as follows.. 11 The advancement of the Sikh religion in accordance with the teachings of Sri Guru Granth Sahib, in particular but not exclusively by.. a) The provision of centres or schools or other establishments for religious worship and ancillary educational and cultural activities; bl Fostering brotherhood between Sikhs in particular and also all faith5 in general,. cl The preachin8, preservation and practice of the Sikh tenents in the manner originally laid down by the ten Gurus,. d) The provision of all necessary religious services as required by the Sikh faith and the provision of spiritual wellbeing,. e} Ensuring that all properties under the charity ownership are managed, maintained, and enhanced in order to adequately deliver the above objectives. 21 The promotion and protection of good eye health in the Punjab region of India by the provision of a medical team to detect and prevent early signs of blindness and visual impairment by individuals. The charity owns a place of worship and it uses this asset to generate income to help deliver its objectives. Public Beneflt The Trustees have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the aims and objectives of the charitable company and in planning any future activities. In pa rticular, the Trustees have considered how planned activities will contribute to the aims and objectives set. AchSevements and Performance The main activities include daily religious programmes, which begin at 5am and conclude by 9pm, every day. On weekends and select religious festivals, prayers are recited continuously. Provision of Lan8ar (communal kitchen) where vegetarian food is prepared and served freshly every day, at no cost to anyone who attends the Gurdwara, which can also be taken away for those who are unable to attend or vulnerable groups. Educational classes were mixed as online classes and in a purpose-built classroom. In order to meet its objectives, the Charity's ongoing activities cover the maintenance and upkeep of its land, which encompass a temple and its grounds. We have taken the opportunity to revisit the current offerings which we feel have been restricted by the current building layout and space. To this end we have continued to work with consultants to present an application to the local council in pursuit of offering more for the local community by increasing the floorspace and enhancing facilities within which we can operate. The charity are still waiting on the approval of planning permission for the temple redevelopment, although the design has been completed. Despite the delays experienced to date, we remain confident of a favourable response from the Council before the end of the calendar year, sant Baba Joginder Singh Ji Domeli Charitable Trust REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JULY 2024 Financial Review Unrestricted income for the year amounted to £185,727 12023.. £181,518), and the principal funding source is charitable donations. Restricted income for the year amounted to nil. Unrestricted expenditure totalled £79,279 12023.. £47,426) and of this £6,719 {2023.' £9.871} is for repair and maintenance. Restricted expenditure for the year amounted to £9,86412023'. £9.8641. which relates entirely to the depreciation charge on the tangible fixed assets. The Trustees are of the opinion that the Balance Sheet discloses funds adequate for the purpose of fulfillin8 the obligations of the charity. ReseNes Policy It is the policy of the charity to retain unrestricted funds which is equivalent to 12 months of core operatng expenditure. Based on the current budget, this equates to approximately £80k. Investment Pollcv There is currently no investment policy in place, however the Trustees may implement such a policy if and when they see fit to aid in achieving the objectives of the trust. All investments are subjett to the Trustee Act 2000. Remuneratlon Pollcv Trustees act on a voluntary basis and therefore receive no remuneration. Risk Management The Trustees keep under review the major strategic and operational risks which the charity faces and are satisfied that systems have been established in order to minimise the possible effects of such risks on the charity, Systems are in place which likewise lessens any risk associated. Trustees, Responslbllltles In Relatlon to the Flnanclal Statements The Trustees are responsible for preparing the Annual Report and the Financial Statements in accordance with applicable law and United Kingdom Accounting Standards l United Kingdom Generally Accepted Accounting Practice). The law applicable to charities in England and Wales requires the Trustees to prepare financial statements for each Select suitable accounting policies and then apply them consistently; Observe the methods and principles in the Charities SORP; Make judgements and estimates that are reasonable and prudent,. State whether applicable accounting standard5 have been followed, subject to any material departures Prepare the financial statements on the going concern basis unless it is inappropriate to presume that The Trustees are responsible for keeping proper accounting records that disclose with reasona ble accuracy at any Approved by the Trustees and signed on their behalf bv.. Trustee: Edward Gurutegh Singh 23 May 2025 Sant Baba Joginder Singh Ji Domeli Charitable Trust INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES FOR THE YEAR ENDED 31 JULY 2024 I report to the charity trustees on my examination of the accounts of the Sant Baba Joginder Singh Ji Domeli Charitable Trust for the year ended 31 July 2024. Responsibilities and basls of report As the charity's trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 20111"the Act'l. 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{5llbl of the Act. Independent examlnerfs statement I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe.. 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 15 not a matter considered a5 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. Michael Nielsen 23 May 2025 Relevant professional qualification and body.. ACA- Chartered Accountant UHY Hacker Young (Birmingham) LLP 9-11 Vittoria Street Birmingham 813ND Sant Baba Joginder Singh Ji Domeli Charitable Trust STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 JULY 2024 Restricted Flxed Asset Funds Unrestricted Funds Total 2024 Total 2023 Note INCOMING RESOURCES Incoming resources from generated funds Voluntary Income Public Donations Gift Aid 183,333 2,394 183,333 2,394 176,390 5,128 TOTAL INCOMING RESOURCES 185,727 185,727 181,518 RESOURCES EXPENDED Charltable Activltles Management & Adminlstration Governance 54,562 2,340 22,377 9,864 64,426 2.340 22,377 45,206 2,220 Staff Costs TOTAL RESOURCES EXPENDED 79.279 9,864 89,143 47,426 NET INCOMING/(OUTGOING} RESOURCES 106,448 19,864) 96,584 134,092 Transfers between fund5 (2,360) 2,360 NET MOVEMENT IN FUNDS 104,088 17,504) 96,584 134,092 Fund Balances brought forward io 821,050 500,237 1,321,287 1,187,195 FUND BALANCES CARRIED FORWARD io 925.138 492,733 1,417,871 1,321,287 Sant Baba Joginder Singh Ji Domeli Charitable Trust BALANCE SHEET AS AT 31 JULY 2024 2024 2023 Note FIXED ASSETS Tangible Assets 492,733 500,237 CURRENT ASSETS Debtors Cash at Bank and in Hand 1,648 926,743 928,391 8,195 815,285 823,480 LIABILITIE5 Amounts due within one year 3,253 2,430 NET CURRENT ASSETS 925,138 821,050 TOTAL ASSETS LESS CURRENT LIABILITIES 1,417,871 1,321,287 FUNDS Unrestricted Funds io 925,138 821,050 Restricted Funds io 492,733 500,237 TOTAL FUNDS 1,417,871 1,321,287 The financial statements on pages 5 to 12 were approved by the trustees and authorised for issue on 23 May 2025 and signed on their behalf by., Name: Edward Gurutegh Singh Signed ...................,.........,...,...,,..,......,.. Sant Baba Joginder Singh Ji Domeli Charitable Trust ACCOUNTING POLICIES FOR THE YEAR ENDED 31 JULY 2024 Basis of Preparation The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notelsl to these accounts. The accounts have been prepared in accordance with Accounting and Reporting by Charities: 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 IFRS 1021, Charities SORP IFRS 10212019, the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 and the Charities Act 2011. These accounts have been prepared in accordance with the provisions applicable to small companies subject to the small companies regime and in accordance with FRS102 SORP 2019. Golng Concern The trustees assess whether the use of going concern is appropriate i.e. whether there are any material uncertainties related to events or conditions that may cast Si8nificant doubt on the ability of the company to continue as a going concern. The trustees make this assessment in respect of a period of one year from the date of approval of the financial statements. INCOME Recognltlon of Income 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. Grants Grants and donations are only included in the SOFA when the general income recognition criteria are met. Tax reclaims on donations and glfts 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 specif led otherwise. EXPENDITURE AND LIABILITIES LlabllSty recognltion 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. Governance and support costs Support costs have been allocated between governance costs and other support. Governance cost5 comprise all costs involving public accountability of the charity and its compliance with regulation and good practice. Sant Baba Joginder Singh Ji Domeli Charitable Trust ACCOUNTING POLICIE5 FOR THE YEAR ENDED 31 JULY 2024 ASSETS Tangible fixed assets for use by charltv These are capitalised if they can be used for more than one year, and cost at least £500. They are valued at cost, net of depreciation and any provision for impairment. Where tangible fixed assets have been acquired with the aid of specific grants, either from the government or from the private sector, they are included in the Balance Sheet at cost and depreciated over their expected useful economic life. Where there are specific conditions attached to the funding requirin8 the continued use of the asset, the related grants are credited to a restricted fixed asset fund in the Statement of Financial Activities and carried forward in the Balance Sheet. Depreciation on the relevant assets is charged directly to the restricted fixed asset fund in the Statement of Financial Activities. Where tangible fixed assets have been acquired with unrestricted funds, depreciation on such assets is charged to the unrestricted fund. Depreciation is provided on a straight line basis beginning in the year in which the asset is brought into use on the cost of tangible fixed assets, to write them down to their estimated residual values over their expected useful lives. The principal annual rates used for assets are., Land and Buildings Fixtures and Fittings 15% Sant Baba Joginder Singh Ji Domeli Charitable Trust NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 JULY 2024 ANALYSIS OF INCOME Unrestricted Funds Restricted Funds 2024 2023 Public Donations Gift Aid TOTAL INCOME 183,333 2,394 185,727 183,333 2.394 185,727 176,390 5,128 181,518 ANALYSIS OF EXPENDITURE Management & Administration Insurance 2024 2023 1,897 40,177 6,719 400 1,696 23,475 9,871 300 utilities Repairs and Maintenance Sundries Computer Costs Depreciation Professional Fees 1,133 9,864 4,236 64,426 9,864 45,206 2024 2023 FEES FOR EXAMINATION OF THE ACCOUNTS Independent Examiner's fees Assurance services other than Independent Examlnation 900 900 1,440 2,340 1,320 2,220 STAFF COSTS Staff costs and employee beneflts Salarie5 and wages Social security costs Pension costs {defined contribution scheme) 2024 2023 21,667 710 22.377 No employees received employee benefits (excluding employer pension costs) for the reporting period of more than £60,000 Average head count In the year Charitable Activities 2024 2023 Sant 8aba Joginder Singh Ji Domeli Charitable Trust NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 JULY 2024 io Freehold Land Fixtures & Assets under TANGIBLE FIXED ASSETS & Buildings Fittings Construction Total Cost At l August 2023 Additions Revaluations Disposals At 31 July 2024 459,862 4,444 86,793 2,360 551,099 2,360 459,862 4,444 89,153 553,459 Depreciation At l August 2023 Disposals Depreciation Impairment At 31 July 2024 49,817 1,045 SO,862 9,197 9,864 59,014 1,045 60,726 Net book value At 31 July 2023 At 31 July 2024 410,045 400 848 3,399 86,793 500,237 492 733 2024 2023 COMMITMENTS Contracted for, but not provided in the financial 5tatementS Authorised by trustees, but not yet contracted 2024 2023 DEBTORS AND PREPAYMENTS Prepayments Accrued Income 1,648 1.567 6,628 8,195 1,648 2024 2023 CREDITORS AND ACCRUALS Amounts due within one year: Accruals and deferred income Other creditors 2,550 703 2.430 3,253 2,430 2024 2023 CASH AT BANK AND IN HAND Cash at Bank 926,743 926,743 815,285 815,285 Sant Baba Joglnder Singh Ji Domeli Charitable Trust NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 JULY 2024 li 10 CHARITY FUNDS The income of funds of the charity comprise of the following balances for the year ended 31 July 2024.. Balance at Incoming l August 2023 Resource5 Resources Gains. Losses Balance at Expended & Transfer5 31 July 2024 Restricted Fixed Asset Fund Donated Assets Capital Expenditure from Unrestricted Funds 410,045 90,192 500,237 19.1971 16671 {9,864) 400,848 91,885 492,733 2,360 2.360 Unrestrlcted Funds Unrestricted Funds 821,050 821,050 185,727 185,727 179,2791 179,279) 12,3601 {2,3601 925,138 925,138 11 CHARITY FUNDS The income of funds of the charity comprise of the following balances for the year ended 31 July 2023: Balance at Incomin8 I Au8USt 2022 Resources Resources Gains, Losses Balance at Expended & Transfers 31 July 2023 Restricted Flxed Asset Fund Donated Assets Capital Expenditure from Unrestricted Funds 419,242 55.231 474,473 19.1971 16671 19,864) 410,045 90,192 500,237 35,628 35,628 Unrestrlcted Fund5 Unrestricted Funds 712,722 712,722 181,518 181,518 137,5621 137,562) 135,6281 135,6281 821,050 821,050 Restricted Unrestrlcted Fixed Asset Fund5 Funds 12 ANALYSIS OF NET ASSETS BETWEEN FUNDS AnalysSs of Net Assets between funds for the year ended 31 July 2024 Net Current Assets Fixed Asset5 925,138 492,733 492,733 925,138 Analysis of Net Assets between funds for the year ended 31 July 2023 was as follows.. Restricted Unrestricted Fixed Asset Fund5 Funds Net Current Assets 821,050 Fixed Assets 500,237 500,237 821,050 Sant Baba Joginder Singh Ji Domeli Charitable Trust NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 JULY 2024 12 13 TRUSTEE REMUNERATION AND BENEFITS None of the trustees have been paid ar)v remuneration or received any other benefits from an employment with their charity or a related entitv. 14 TRANSAcfioNS WITH RELATED PARTIES During the year, the total amount of donations received from the trustees without conditions was £Nil12023.' £Nill.