THE CEIYI"IL4L GURDWARA IBRXTISII ISLES) LOIYDON KHALSA JATHA FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Charity registration numbcr '. 2)8324
THE CEf4TRAL GLIRDWARA (BRITISH ISLES) LONDON KHALSA JATHA FIANCIAL STATEi1qE'Ts FOR THE YF.AR ENDED 31 DECEMBER 2023 CONTENTS PAGE Report of Ihe Manatsing Trustees Indcpendenl Audiiors report C.ommittccs Approval of Financial statcmerlt Stdteinen( of Financial Activities 34 Balance shcct Notcs to the financial slatein¢nl5
The Central Cvurdwara British lslcs London Kha15a Jatha Re ort of the Mi #na rustte5 For the vear endin 11 DeLem er 023 Tlie Trustees diid ManaLTetnenl Comniitiee has ple8surc in submiltino its Repon io the MeTnbers, togcther with the Financial SiaicJncn15 of Ihe T¢iDple lor the y¢aT ending 31 Decemb¢i 2023. Iiitroduction Prirtci al Aciivi The Ccniral Gurdwara l.ondoii is a charily located iii Londoji and primaril>' seii'es ihe Sikh Lomniunity. Tlic Ccntrc?l Gui'dwara London, alsv known as the Khalsa Jatha is a rcligioiis eharity centrcd on thc Sikh faith. All dspeLls of the Khalsa Jdiha opcratiolls and managemeijl are pieinised on the toundaiions of Sikh reachings aiid principles. Wlii15t our primary objeciive is to cnable those of a Sikh heritage and Sikh commitmcnt with a plac¢ of worship, sangat Icoiigreoalionl and lai)gai' (con)mu1 kii¢hen and food). Ihc Khalsli Jatha pridcs itself on being able to cxtcnd its buildIng 2nd its olunicers, time lo all inembtrs ol. Ilie local aiid wider community. Tru5tccs and Mana emeiil Commill Th¢ follois'jnu Trustccs and MaiiagcJi)ent CoinmiiiLe Members who were apponted xnthor reappoinied and held office since I March 2020 arc.. GLirpreei Sin¥li Anand President Gurvirtdei Kaur Radha'a- Vice-Pi"esideni Jasviiidcr Sjngh Alo- General Sccr¢tary Rainncck Kaiir- A%5151anl Geiieidl Secrelary Ranbir Singh Alg- binancc Sccr¢tary' Mandip Sin(7h Sohal F.du¢ation Secrciary Harvinder Kaur Dulku- Hcalih & Wellbcing ManjLel K411r Gill - Provisions Sccretary Harinohan Sin811 Puri- Propcriy Secretary RaJvind¢r Sin(ph Jagd¢v- Fuiidraising Satbir Sinuli Choiidry- Librari?£ n A2nis and O)i£L>es In addilion io OUL. and ubjLclives as defined in our ¢onstittEtion, th¢ Kha15a Jaiha sct out It aitns and obj¢Liivcs, as follows.. Praclicc ofsikhi>lll.' to provjde facilitics to enabl¢ followcrs of the Sikh rcltgion to practise thcir faiih in a conveniait 2nd condiicivc cni.'ironmcnl in accordance lo Sikh Gurn)ai i.e., the principle5 and rules laid down by ihc Ten Gunis and Sri Gutu Granih Sahib Ithc Hol). Sciipturc51. 2. CLlebration of Sikliism and Sikh B¢licfs.' to hold key evcnt5 to highlighi evcnls on ihe Sikli culcnddr. Focu8 on ediicaiion." ensure tli¢ charity deliver5 education ot] both religious ideology and PljabI language and proiiding opportuniiics for Ihc d&siribuliun ot'noti-faiili information and education. 4. Cornmunity Focu5 aE)d PiiblTrt Bejiefit.. focus on the communiiy Integration attd diversity. Improvc (he Khalsa Jallia facilities". incrcase the f#¢ilitses and ¢apacity of the Khalsa Jaiha building. A key mcdsureinent for Ihe MaJiageJii¥ni Commiltec as 10 iheir pcrformancc over Ilit year is how clusely we inaged to dLlivcr to oiir objcctii'cs atjd lo the lshe$ of the Sangal lcvngrcoalionl.
Prd¢lici' ofsikliism Thc Gurdw'ara is open daily beiweeji 5.30 am lo 9.00 pm. Daily tnoniing and evening seTViC¢ are conducted inside rh¢ Gurdwara. Stri'ice% aiid otli¢r practiccs aLCUTdin& lo th¢ Sikh R¥liit MaTyada (Sikh c.od¢ ofconduLII <ire pcrtornicd for weddings, birthday8. naine-givina ccrcinonics, funerals or any othcr o¢casion5 according lo the needs of ii'orshipp¢rs throughout the year. Regular dail). servicewpray¢rs are conducted ai the follo.in8 times.. 0.00 ain io 7.30 am l Nit-Nem I 6.00 pin 10 7.30 pni. IRchrJs. Fv¢ning rcndcring) ourU-ka-Lgd[ IfTee kitchen for all) was supportcd and kept running throughoui Ihe year as is rEquir¢d by Sikh code of coiidu¢i. Celebration ul-sikliis111 and Sikh Beljefs The Khalsa Jaiha r¢l¢braied all main t¢1& the Sikh calendar. All the major Gurupurdbs Ispe¢ial rcligious annii'crs#ri¢sl were cclcbralcd Iliese inrllidcd.. lil AN"iaai Giirpurab Giiw Gobind Singh Jee lill I'dIsa1th IBirthday of Khalsa) liiil Slialieedi Pui'ab Giii'u knj2n Dev Jee livl l)Tm'alilH2ndI C'lihor l)Ivas Iv) Ai'iadr Giirpurab Guru Nanak DC Jc¢ li'll Shaheedi Purab Guru I'eg Bah]dur Sahib Jee Ii'iil sahiblie ShahLedi Purab Ii'iiil Sangrand services ere held at thc start of each moiith Focus oil EduLdtiort The Khalsa Jaiha holds Punjabi classes in thc premises every Suijday. Art dveragt of 50 studenls attend attd we have 6 leaching 51alf. Ei'ers, ieacliei coinman(ts sufficict]t Punjabi language skills io bc able to teacli children up to GC.SE level Stsndard. In addiitall 10 PuiijJbi language teachig. the Khalsa Jatha pr¢vid¢s educatiortal and Icarning classcs for.. b. Tabla and Harmoniuiii Gla55C8. learniiig to play Ihe Indian dnims and harmoniuin Coacli trips are organi5ed to varioug place% for the benefit of those who wish to pay for visits 10 religious events and cultural arltvitics. Conimunirv Focus and Public Benefit '.oriety of a¢tTOnS havc bccn iakcn to promotc coimmunity divergity, Integration for the greatLr public bcnefjt. These includc.. Increasing Ihe knowledge of Sikhism and the fun¢tioniiit7 of the Cjurdwara lo the wider commujiiiy through piesentalions and walkiltroughs foF local siudenrs. M'e hal'e hosted Primary, Secondary" Schools and Uiiiversilies trom aLr05s Europe, whe 51iidciiis L?nd leacliers spcIJd bvlween one and hair io two hoiirs in.qide thc Giirdwara. Tl)cy aic 5howii all IhL fdLililies provided tu Ihe S£lngJt and arc madL awdFe of all Ihe praLti¢es and traditional roulinc of pravers in thc Gurdwara. They arc taken aroiTnd the building, and shown thc Langai. Hall. where all the worsliippets prepare and eat food together. The Children show great interest in tlie sik.h iva5, nf ivorship anLt a%k inaiiy questions io sat15fy their curiosity. Refreshments arc also provjded to thcsc vi5iior5. Plans are b¢ing madc to extend Ihc Li?ngar Hall and alEo to conimcniorat¢ tlie history of PiinLess Sofja Duleep Sin¥h with a Statu¢, Conclusioiis B , Trusiees Wc rcilldiii Indcble£l lo all those who LOIllinue to perfomi sclflcss servsce in thc rtamt of Ihe Alniiglity. Our ATdas remains for thcir blcssing5. Foi and on behalfol'thc Nqanaging Tru5tCC5 Gurpreet Siiigh Anand Datcd.. 10 day of October 2024
THk CENTRAL GURDWAIL4 (BRITISH ISLES) LONDON KHALSA JATHA INDEPENDENT ALDITOH'S KLVOKT I'O I'HE TRLisfEES This rcpLTrrt Is used In TEspecl oran audii L2rried oui under Sttlion 43 of the Chariiies Aci 1993. 111¢ htsvc aUdted thc lin3n¢i41 stalrmciii3 ol'The Central CTrurdw2r2 {Brili¥h 1s1¢>1 l.ondThn Khalsa.latha lor ihc ycar ended 11 DeCeIbe¢ ?023 ¢ompTi5e ihe Income llnd Expinditurt A¢couni, Balanc¢ Sh¢¢t and ih¢ r¢lai¢d not¢s. Thc financi81 slaltmcnis haie beeji prep8r¢d und¢r Ilie accouniinb policies sel out ihcrc in. 'I'his rtport Is made solely lo Ili¢ ¢harity5 ts51£¢5. as a body, in accordance witli S¢ciion 43 of Ihe Charilits Act 1993 ()ur audil work hag been underrakcn of rhai we miohi slate 10 the cliariry'5 rru%iecs those mattcts ive are rcquired io state to ihem Iii an AudilLTrF'S iepoil aiid for no other purpose. To the lullesl cxteni perniiiied by law. we do nol accept or assume spOnsibL111Y io anyone oth¢'F thrt illi iharity and ihe charitvs tru$tees as a body, for our audit worl for ihiy report, for ihe ttpinion5 we have tornd. -rhc tYusie¢s' r¢sponsibilitics for pr¢partn¥ the AiiRuJl Rewrl aiid the fiJiaLeial siamenlS iii Jecordance with applicable law aiid Unit¢J Kingdoiii Accounting Standards l Unitcd Kingdom Generally A¢tspied A¢counling Practicel attd for bcing sarisfied thai the ¢litsriry'5 financial siaterncnts giv¢ a ituc and fair i'iew are s¢i out in thc Slalcmcnt of Trustees, Wc habc bccii appointed 85 audiiors under seLlion 43 of ihe Chariiies Aci L99J dnd repon ID accordance wilh regulaiions m&d¢ uiidei 5cclioii 44 0l.ihal Aci. Our reswnsibilily is iu ¥udii Ihe fiiiaiicial sLaiemeiils in accordaijee with relevant le&ial 2nd reglllattsry. requiicniejits and Intcrn21ional siandards on Auditijig IIJK and Iroland l. We repori lo you our opiniort as io whether ihe financial siaicmcn15 giv¢ a iru¢ and fair iiicw dnd are pruperly PLepar¢d ill accordancc wtth th¢ rel¢vani linantthl repoiting framcwork and are prepllred in accordance with the Lharilte5 Act 199.1. In additioii 't report lo yoii it.. in our opinion. the chgriiy has not kept sutyicieni accouniing F¢eords OT if the siai¢mtni of accounis docs Jiot occord w-iih those records or if we hai'¢ iiol ieceived all th¢ infuniialivn and explanaiions ,¢ r4uir¢ for out aLidit. Wc rond thL I'ru5tccs' Annual Rrporf. and consider wliciher it Is ¢tsnsislenl wthih ihe audit¢J linan¢ial slateents. Wc Consider Implicaiions for our report it- 'C bcenm¢ Jivar¢ of aiiy appar¢iir mi%¥iaiem¢nis or material iiiconsisten¢ie8 Wc rnlldiiclcd Triir audit ill .?¢coidaiice with Inteniational St&TrdJrds on Auditing (UK and Tr¢landl issu¢d by the AiidiLIII8 Prllciic¢s ljoard. Ali oudil iii¢ludcs CAamiiiatioii, a i1 bdsis. ol. evideiiie relei'ani iu the amwnls and distlusure5 In Ili¢ financial siaieTncnls. It a150 Includes an ass¢5ment ofihe significdiit csliniales and jiidLTtnL'nls Inade by Ilk trustees in the prepaiDlion of the fiNaii¢ial siai¢nients. of wlicihcT iho accounting pDli¢ies arc appropi'iate to lh¢ ¢harily'5 circuiiisiaiices. Lull51Steiiily applied aiid adquJTrly disclosed. Ivc planned aiid PLI'lorillcd ULir audii sv a5 10 obiaitt all the irtfDniiaiion attd explalion which wc considLr¢d noic55ary in ord¢T io providc us iTr-Ith 5ufFicicnt ¢Vidcii¢¢ io ¥ivc r¢a50nable 3ssiiran¢c Iliai ihe fInCial siaienienis are free ftotn illat¢rial missiiemenl. wheihcr caused by ttaud or othcr irrcgularity or error. In tormiiig oiir opiiiion we also evaluÈied the oierall adLxiuacy ol'lli¢ prcsenidliun ufinfonnaiion in Ihc finantial sthtcm¢nt5.
THE CEf4TRAI. GURDWAIiA (BRITISH ISLES) LONDON KHALSA JATHA INDEPENDENT AUDI'foR'S REPORTTO THE TRUSTEES Opinion the tinaneial statements give a true and fair view of the state ot the charJWs slTairs as al 31 December 2023 2nd of ils incoming resources and zpplieaiion of reUrCeS 115 including ils income and expenditure. for the year then ended. the finaneial slalLmeAts hai'¢ bccn propcrl5' prepared In accordancc with United Kingdon) Generally AcLcpi<,d Accounting Praciicc." and tlic financial Statements have been prepared in accordance wilh the C.harilic8 Aci 1993. RegisiererfAudiiors Ch4zrleYed AccipuNt&NIs Archer A%sociatC5 C.Iiiirchill Hause 120 Bu15 Lane Londoo NW7 ?AS Dale lY[,I,,
THE CENTRAL GURDWARA {BIUTISH ISLES) LONDON KHALSA JATHA COmmIES, APPROVAL OF FINANC.IAL STA TEMEKrs FOR THE YEAR ENDED 31 DECEMBER 2023 We approve these financial ststements for the year ended 31 DECEMBER 2023 set t on pages 7 to io and we ¢onfirni that we have made avRilable reeord$ and infomiation for their preparation. urpreet Si (Presiden¢) Anad inder SiBgh Alg tary) (Sec Ranbir Singh Alg (FiNAnce Setretsry) Date
THE CENTRAL GURDWAIL4 (BRtTISH ISLES) LOP4DON KHALSA JA THA STA'I-W'MP..Y'I- OV F'IliAINCIAL ACTlVI'fiES FOR TFIE YEAR ENDF.D JI DECENIBF.R 2023 2023 2022 otes INCOMING RESOL'RCES Dlreci ChrÈtable Income Donations 317,950 534.106 Tolal In¢om&nE re50urce¥ 317,950 514,IU6 OUI'GOING RESOURCES Dlre¢i Chritablc Ex EduLJti()n und culillral L¥n¥¥r ehditur 104,853 69,Oi8 173,912 40.518 51.734 92,252 Other expenditurc ement .4dmini5raio Sthff salaries P¢Dsioii eoiiitibuliun 59,153 1,316 3,989 6.071 35.040 12.252 34,102 4,214 2,572 1.726 73.968 827 3.433 4,693 18.6fX> Waier tes Flcatins and lighiirtg lJigur,TrnLC Laiindrv and clL'aiiiiig R¢pairs and maintcnancc Litl Inaintainanc Telephone 23.931 77,640 1,795 1,437 PosiagL' aiid slalionery Sundrv L.tPLns¢s Aiidil and &¢counlancy Bank charges Dcprcciaiion 13.088 3.567 2.220 1.804 9.250 193,195 4.735 4.-116 2,220 .412 12.733 282,q16 Totol Outgoing r¢¥our¢es 367,IU7 374.768 et lthtorning resource5 149.1571 1fj9.338 Rental Incomc Lo¢in Iiiicrcsi 73.481 167 4.560 73,699 540 P4¢t income ol th¢. lear 29,051 233,577 Funds brou¥hi f0Thrnrd 1,577,823 1.344,245 Funds carricd lonvaTd 1.600,874 1,577J22
'I'HE CENTRAL GURDWARA (BRITISH ISLES) LONDON KHALSA JATHA BALANCE SHEET AS AT31 DECEMBER 2023 Note5 2D23 2022 Flxed assets I'¥Delble 455ets FrEchold land and building .060.838 23.196 4.55. l.(H9,953 30.928 6.071 Oflic¢ cquipnKnt. ,088,587 1,086,952 Current #sset5 Dcbiors aTrd prcpaymeni C3511 ai bank and In liand Oiiierdcbii)ry 478.251 50.166 528.417 500.153 500.153 Cirrent Ilxhilitle5 Other credilors 10,130 9,283 Net current Assets I ILiabllltiC51 i18.287 490.870 Ilank loan overdraft et Iffj06,874 ,577,822 Representtd bv Unresiric*d incorne tunds 1.606.874 1.577.822 Total (unds carried foniard 1,606,874 1.577,822
'I'HE CENTRAL GURDWA]L4 (BRITISH ISLES) LONDON KHALSA JATHA o'rES TO TIIE FINANCIAL STA TEMENTS FOR THE YEAR ETr4DED 31 DECEMBER 2023 ACCUUNTlliG POLICIES Th¢sc finanancial slai¢iiicnt% have h¢¢n pyeparcd under Ihe hi51orical Losi iunvenlivtj and in accordanLe wilh applieablc accounting standai'd% and Ilie Slatements ol. Reeomtnendcd Practice on Accounting by C.liartttc% using thc folloivitig accounling polices.. DEPRECIATION DepreLiation is calculatcd so as to IrIte off the cost of att asset, net of anttcipaied disposal procecds. over lh¢ useful ccottomic life ot'that assci as follows.. bixrures and Fillings- •5 /0 Per amiurn reducing balance I'quipments- 25•/ Per annum reducing balance In accordance 1111 th¢ I'-inancial R¢purtiiig Stajidard fuF Smaller Eniiiies {Effcctive January 20151, no depreLialion is provid thc frcchold propLrty. Howevcr, Ihi8 policy is contrary to Ihe IJK Gcllcrally A¢cepted Accounting Principal las amend¢dl which specially require* that 1'angible Asseis should be depreciaied. The Eea50n for this departure ts that the use1 economic life is infinite aiid log¢iher M'iih tnainienance and repairs, th¢ iesidual v3luL of tlic assct, ar Ihc cnd of 115 econon)ic U5efLII life to the entity. 11[ be si.tsnifiLantly greateT than its carryitjg amoiinl. On these grounds the d¢pre¢iation char8e artd related accuinulal¢d dcprecialion bdldnLe are noi mai¢tial. CASH FI.OW' STAI'LMENT Thc CotntDitte¢ has iakeji adi'antagFe of the ¢xempiion in Financi(Il Reporting Standard No. I trom including a casli flo- 51atement tn the fjnancial %t31cm¢niS on th¢ grounds that the charity 1$ Small. INCotE -I"hc inconic Shown in th¢ Stat¢niciil of Financial Aetivities represents grants. donations. and subscription5 reccived during the financial year. VALUE ADDED TAX VAT is tt rccoverable by Ihc GILrdvw'ara. and as Slich J$ Included in llie levan1 Losts.
THE CENTIL4L GIIKDII'AILI IBRITISII ISLES) LO%4DON KHALSA JATHA ()TF.S I'O TAL TrINAYCTAI. SI'AI'Tr.INIF.NTS FOR YIIF YEAR F.NDED JI DEQEIIBER2021 TA.WGIBLE FIXED ASSETS Fr¢ehold latsd Dd buildlng Fixturos And Equip1¢¢5 TotAI c1. BalAnc¢ broughi ftsThv3rd AJdiliun at cosi Balon¢¢ carried Iomard 1.049.95/ 55.084 22.270 .3?7.307 255.084 22.270 D¢prcciatiTrrt Balancc bioiight foN'¥rd Depreciaiion charge ?24.156 7.732 231.888 9.250 249,605 tt boTrk value Al 31 Decernber 2023 1.01I0.81S 4.553 1.088,587 Al 31 De{emr 2022 1.049,9i3 30,928 6.071 I.O$S,952 CLRRENT LIAMILITIES 21J23 102Z PAYE 1,098 6,812 10,130 6.81? 9.gJJ