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 FI￿ANCIAL 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)mu￿1 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 appo￿nted xnthor reappoinied and held office since I March 2020 arc.. GLirpreei Sin¥li Anand President Gurvirtdei Kaur Ra￿dha￿'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 Pl￿jabI 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 ina￿ged 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 1 l.ondThn Khalsa.latha lor ihc ycar ended 11 DeCeI￿be¢ ?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 ts￿51£¢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 th￿rt illi iharity and ihe charitvs tru$tees as a body, for our audit worl for ihiy report, for ihe ttpinion5 we have torn￿d. -rhc tYusie¢s' r¢sponsibilitics for pr¢partn¥ the AiiRuJl Rewrl aiid the fiJiaLeial sia*menlS 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 slate￿ents. 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 i￿1 bdsis. ol. evideiiie relei'ani iu the amwnls and distlusure5 In Ili¢ financial siaieTncnls. It a150 Includes an ass¢5￿ment 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 expla￿lion which wc considLr¢d noic55ary in ord¢T io providc us iTr-Ith 5ufFicicnt ¢Vidcii¢¢ io ¥ivc r¢a50nable 3ssiiran¢c Iliai ihe fI￿nCial siaienienis are free ftotn illat¢rial missi*iemenl. 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 re￿UrCeS 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 Bu1￿5 Lane Londoo NW7 ?AS Dale lY[,I,, THE CENTRAL GURDWARA {BIUTISH ISLES) LONDON KHALSA JATHA COmmI￿￿ES, 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¢) Ana￿d 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 Ch*rÈtable Income Donations 317,950 534.106 Tolal In¢om&nE re50urce¥ 317,950 514,IU6 OUI'GOING RESOURCES Dlre¢i Ch*ritablc Ex EduLJti()n und culillral L¥n¥¥r ehditur 104,853 69,Oi8 173,912 40.518 51.734 92,252 Other expenditurc ement .4dmini5*ra*io 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 f0Th￿rnrd 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 polic￿es.. DEPRECIATION DepreLiation is calculatcd so as to I￿rIte 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 use￿1 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. INCo￿tE -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 t￿t 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 Equip￿1¢￿¢5 TotAI c￿1. 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{em￿r 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