Charity registration number 258487
GURU NANAK SIKH TEMPLE
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024
SIKIIG(/
SEDGLEYSTREET

GURU NANAK SIKH TEMPLE
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
Mr Gumiukh Singh
Mr Santokh Singh
Mr Malkit Singh
Mr Piara Sinoh
Charity number (England and Wales)
258487
Principal addres5
Sedgley Street
Wolverhamplon
West Midlands
WV2 3AJ
Auditor
BK Plus Audit Limited
Suite GA, St, George's House
Lever Street
WoSverhampton
England
WI2 IEZ

GURU NANAK SIKH TEMPLE
CONTENTS
Page
Trustees, report
Statement of trustees. responsibilities
Independent aLJditoVs report
9- 11
Statement of financial activities
12
Balance sheet
13
Statetnent of cash flows
14
Notes to the financial statements
15-22

GURU NANAK SIKH TEMPLE
TRUSTEES. REPORT
FOR THE YEAR ENDED 31 MA Y 2024
The Guru Nanak Sikh Temple present their annual rgport and finanaal statements for th& year ended 31 May 2024.
The finanaal statements have been prepared in accordance with tho aecounting policies set out in notè 1 to the
financial ststements and comply with the charily's goveming document. the Charities Act 2011 and "Accoumting and
Reporting by Charities.. Slalement of Recornmended Practice applicable to charities preparing their accounts in
accordan￿ with the Finanaal Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021
leffective 1 January 20191.
Objectivès and actlvlties
The objectives of the Charity continue to be the furtherance of the Sikh Religion in accordance with thé teaching of
Sri Guru Granlh Sahib Ji. The primary objective ol the Charity is to enable those of a Sikh heritage, be it as initiated
Ib8Ptisedl Sikhs (known as Amritdharil or those on the path of Sikhi aspiring to become Amritdhari at sorn8 point In
their joumey - to share a place of worship as part ol thé Sangat Icongregationl in receiving the spiritual fulfilrnent of
their mind and soul from the teachings of Sri Guru Granth Sahib Ji and Guru Ka Langar (communal kitchen serving
blessed loodl for the physical sustenance ol their body.
Th8 Charity prides itself on being able to extend its building and its volunteers, time lo all members of the
ommunity. With over thirty years of selfless service from its current location. Guru Nanak Sikh Temple continues lo
be true to its core principles ol love, cornpassion, s3crifice, seNice, truthfulness and forgiveness, which transcends
the barriers of human frailties. These core teachings are best seNed by Sri Guru Namak Dev Ji, the first Sikh Guru
and founder of the Sikh f8lth - Naam Jappau using the glorious pralses ol Waheguru (Godl in all we do. Kiral Karo
use your Waheguru (Godl given gifts to earn your keep, eam an honest living through hard work 2nd eNde2vour.
Van Shako- share your good fortume with those less fortunate, be it food. kn(>wledge or just being there In their time
of need.
This year the Charity's objectives were as follows..
1. Practice of Sikhi-. to provide facilities to enable followers of the Sikh religion to practise their faith in a oonvenient
and conducive environment in accordance to Sikh Rehat Maryada i.e. the prinoples and rules laid down by th8 Ten
Gurus and Sri Gutu Granlh Sahib (The Holy Scriptures).
2. Celebration of key Sikh G8lend8r events which commemorate and rejoice the Sikhi spiritual and rnartial spirit.
3. Education and sports.. ensure the Charity delivers education on both th8 Sikh religion and Punjabi language,
providing opportunities lor sports and the distribution of non-faith information and education.
4. Community Focus and Public Benefit." focus on the community Integration and diversily, the Témple has always
en an 'open door. policy for all the community during its core hours of operation.

GURU NANAK SIKH TEMPLE
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MA Y 2024
Public benefit
The Trustees have had due reg8rd to the Charity Commission's guid8nc8 on public benefit. In particular, Guru
Nanak Sikh Temple continues to provid8 public benefit in relation lo the advancement of religion and of community
development particularfy through its education and youth activities which involves all rnembers of the local
community.
Volunteers
Many volunteers give up their time to help at the Gurdwara, particularly at weekends and in the evenings. We are
greatly indebted to these volunteers for their commitment and support. Without our voluntèèrs, the Charity would not
be able to lulfil its obligations to the extent it manages so effectively.
Practice of Sikhi:
The Guru Nanak Sikh Temple currently has seven Granthis (Priestsl who perform all the core religious services both
at the Gurdwara premises and at the ¢ongregation's home dwellings. The Gurdwara is open daily between 4am to
9pm. Daily morning and evening services are ¢onducted inside the Gurdwara.
Servi￿s and other practices according to the Sikh Reh2t Maryada Isikh Code ol Conduct) are perfonned for
Weddings, Birthdays, New born Name-Giving Ceremonies, Funerals and amy other occasion according to the needs
of the worshippers throughout the year.
Regulsr daily serviceslprayers are conducted at the followino times..
Monday to Friday
4.00am to 10.00am (Nitnem and moming services)
6.00pm to 8.00pm IRehras and evening servi¢esl
Friday, Saturday and Sunday
10.30am to 1 30pm (Sri Akhand Path Sahlbl
The Gurdwara Management Committee has invited over 30 world renowned Kirtan (narrating, reciting and telling of
Sikhi based compositions to music) and Jath8's Igroup of Sikh singers and musicians). Guru-ka-langar Ilree kitchen
for alS1- a k8y tenet of Sikh Code of Conduct, support8d and kept running throughout the year.

GURU NANAK SIKH TEMPLE
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MA Y 2024
Celebration of Sikhi and Sikh beliefs..
The Guru Nanak Sikh Temple celebrates all main events on the Sikh Calendar. All the major Gurpurab (special
religious anniversariesl and Sangrand services are held at the st8rt of each month.
An annual Nagar Kirtan Ithe procession of the Sikh congregation led by Sri Guru Granlh Sahib Ji through ils local
neighbourhoodl in the month ol April is organised to celebrate the birthday of the Sikh Nation - the Khalsa Panth.
This h8s proved very popular not only amongst the Sikh populations, bul also the wider local wrnmunity. We have
used this as a springboard as a means ol interaction and dialogue with our local community. The Nagar Kirtan was
atlended by over 9,000 people who line the streets. The Guru Nanak Sikh Temple volunteers provide free
refreshments and food to all members of the public who line up along the route. The event is covered by local
English and Punjabi press as well as by Sikh TV and Radio Channels. The event is also an excellent example of
working with a host of Ioc81 service providers i.e. the police, council, inter-faith groups and neighbourhood meetings
wilh
local businesses.
The Guru Nanak Sikh Temple funds and supports the Guru Nanak Khalsa College, which ¢onducts Punjabi
language classès in the premises 8very Saturday and Sunday. Approximately 800 students are currer)tly on role and
altend over the weekend. Thirty-seven-part time teaching staff are employed, every tèacher commands Punjabi
language skills to be able to teach children up to A Level standard.
In 2ddition to Punjabi language teaching, the Guru Nanak Sikh Gurdwara promdes Sikh educational classes which
are open lo all from the community..
l. Kirtan ¢Sasses, Classical Sikh hymns recit818
2. T2bla and Hamonium ¢lasses. Learning to play rnusical instiuments
3. Gurmallsikhi, weekly classes to teach the Sikh teachings and correct recital of Ihe Holy Scriptures.
4. Weekly Gatka Class Isikh Martial Arts lor self-defensel
5. Wrestling and Karate dasses have been running since April 2018,
Sikhi camps are run by the local youth group who are supported by the 'Sikh Helpline, la nationwide Sikh free phone
advisory support group which is staffed to help vulnerable chIld￿n and adults). The camp is held every y8ar during
the summer schwl holidays, attendance grows every year with around 200 children participating in Ihe vanous
splritual and general well-being activities which a150 incorporate sports. The camp is fully funded by the Templg and
volunteers. Numerous classes are held both on Sikhi and also awareness classes around the dangers ol drugs,
violEnce and sexual exploitation related crimes etc. Specialist qualified speakers are invited to add￿sS the key
subjed matters.
Autlsm support for asian famllles
Autism is a lifelong developm8ntal disability that affects how people perceive the world and inter8d with others.
Autistic p8ople see, hear and feel the wodd differently to other people. If you are autistic, you are autistic for life,.
autism is not 8n illness or disease and cannot be 'cured'. Often people feel being autistic is a fundamental aspect of
their identity. Autism is not as well und8lStood and recognised within Asian families as it should be. Guru Nanak
Sikh Gurdwara has continued its support for a lo￿1 charity - Hope & Compassion who hold Autism and learning
difficulty awareness events at the Gurdwara.

GURU NANAK SIKH TEMPLE
TRUSTEES. REPORT {CONTINUED)
FOR THE YEAR ENDED 31 MA Y 2024
Achievements and performancè
Revlew of performance
The following highlights some ol the key results delivered during the year'.-
Community focus and public benefit
A variety of events tijok pla￿ during the year lo promote wmmunty diversity and integration for the greater public
benefit.
Th8 Gurdwara continued to host education visits, ranging from Primary Schools to Universities_ On average the
Temple entertains three to four visits in 8 week. The feedback we get is an inspiration lor us all. These are in
most cases invaluable for both us and the recipients who use it foi their religious studies.
The Guru Nanak Temple held community fun day events which have been open lo everyone in the local community
and th8 turnout has extseded expectations.
There were regular visits from the NHS and Public Heavth and Wellbeing organisalions who promole health and
safety, informing aboul healthy lrfestyles and diets and hold blood donation sessions.
A local solicitor attended the Temple to provide free and irnpartial advice on a va￿ety of 18gal rnatters. GLJrdwara
volunt88rs have worked closely with the staff of the local Compton Hospi¢e to support and promote within the
oommunity the selfless serwce the Hospice provides to both the terminally ill and their loved ones.
The Gurdwara is a founding member and adive participant as well a5 a supporter of the Sikh Council UK, the UK
and Europe Sikh Gurdwara's umbrella body who act on behalf of the Sikh faith's supreme authority which is based
In Amritsar, India.
No political conferences Ore held al the Templ8.
Fund raislng for good causes
Th8 Gurdwara congr8gation h35 actively supported with both their personal financial donations direct to a number of
charities and also with their participation in the following charitable events:_
Sikh Helpline - IA charity which helps and supports vulnerable Sikh and non-sikh individuals). Supported a bike ride
by the Sikh Helpline which concludes at the Gurdwara.
Children In Need A number of the local Sikh Gurdwaras supported this national charity. A group of dedic8ted Sikhs
and non-sikhs undertook fundraising activities loo. for which the Gurdwara congregation provided their peT50nal
financial donations.
Kh8ls8 Aid The Gurdwara has continued to provide a monthly direot debil donation to the charity which operates
on a global scale. The charity is world renowned for their international disaster charity work wherever people have
been affected by natural disasters by providing the basic necessities lor human survival.
Nursery I school- The Gurdwar8 has leased a building lor use as a Child￿n'S nursery, operated by the independent
body GNG Community Servi￿$ Ltd. In additiorTr lo running the nursery, GNG Community Services Ltd facilitates six
classrooms lor the Khalsa School, where approximately 400 children receive Punjabi language education ea¢h
year.
As part of the arrangement, these classroom facilities are provided to the Gurdwara free of ¢harge. At the same
time, the Gurdwara receives rental income from GNG Community Services Ltd, supporting ils fin8nci81
sustainability.

GURU NANAK SIKH TEMPLE
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 3t MA Y 2024
Khalsa Collage - SeNlng the Punjabi community.
Guru N8nak Khalsa College, Sedgley, Wolverhampton IGNKCI was started in 1989 by the Management Cotntnitlee
of Guru Nanak Sikh Gurdwara. Thank5 to the commitment and dediration of Suc￿sSive Management Gornrnittees
over the years, parents and the dedication of the staff, the numbers of pupils and the staff have doubled over thè
last ten years. We are very pleased 8nd proud to announ￿ that we now have over 800 pupils.
The p8rerits bring their children to the college from as far as a 20 miles radius of our City af Wolverhampton. We
have over 37 wall qualified and experienced teaching staff who do not treat teaching al the College as their job, in
fact they regard this as an opportunity to seNe their community and work diligently towards keeping the Punjabi
language, culture and above all th8 Sikh teachings alive and well for the gen8rations to come. The main strengths of
the college are the co-operation of the Managing Committee, Ihe dedication and support ol the parent5.
hardworking well qualified staff and of course the commitment of the pupils, whom we ¢811 thé nuggets ol gold and
the treasure chèst ol the community. They are the on8s who are preparing themselves today for the challenges of
tornorrow in a worfd that is transfomiing our lives.
We have a culture of a big extended family in the College. The staff feel that pupils who attend GNKC are the psrt of
our family whose every single member is entitled to have complele care and attention for hislher overall future
success and welfa￿.
Tests are usually carried out twiee a year, one in December and the final annual exam at the end of June. If a pupil
is making good progress ill hislher stLJdies helshe is promoled to the next higher level in consult2tion with the
parents and lea¢hers during the year. However the impact ol the pandemic this year meant that no exams were set
for pupils, and grades were provi(fed by teachers on the basis of classroorll assessrn8nt.
Guru Nanak Khalsa College would endeavour to develop the capability and awareness of its students who will be
able to pass ON and promote the values ol Sikhi to the next generalion. The College would lik8 to educate and
inspire each of its students to be proud of our identity and spr&ad the fundamental messages of our Gurus 2nd
Inspi￿ them to tske higher Education and to be successful in the intemational job market.
Inspir8 each and every student io educate themselves professionally to raise the image of their family and the Sikh
Nation as a whole in this very challenging worfd of job opportunities. Motivate and help all the Punjabis regardless of
their religK>n to be ab18 to speak, read and write Punjabi to ke8p our culture alive and well in the future. Inspire the
students to learn Sikh history and have fundamental knowledge of Sikhi to spread the message ol our Guru's and
feel proud ol their Sikh identity and heNtagè.
Th& current Management Committee 'School Managerf appointed representative has been instrumental in worf(ing
with the college Piincipal and staff to Introdu￿ for the first tirne an accredited Sikhi focused Punjabi syllabus from
the organisation Sikhi Resources
material that was unlike anything known previously and designed by PGCE
qualified teachers. The 14Janagement Committee have supported nearfy half a dozen Sikhi camps, this has be8n led
by the School Manager who has bgen working in partnership with the RE department of GNKC, sharing
responsibilitie5 and camp schedules with a view to increasing the participation of GNKC students within the
Gurdwara Sangat.
Financial rev5ew
The Trustee Committee consider the surplus achieved on its aotivities for the year lo be positive.
The Statement of Financial Activities shows a surplus of £316,344 this year Compared to a SLJrplus of £230,460 in
the previous year. The income incre8sed by 15.8Q/ this year and the costs for the iunning of the Temple increased
by 8.3Q/..

GURU NANAK SIKH TEMPLE
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MA Y 2024
ReseNes policy
The Charity Trustees have developed a reserves policy that requires a minimurn of six months of expenses to be
held as reserves to ensure the Charity could continue in the short term initially if for some re8son its major source of
income li.e. donalionsl ￿ased. As the majority of funds come from donations, it is felt that if these donations
ceased that a six month period should be long enough to assess and pul right the reasons for donations ceasing or
to start looking for additional fundino sources.
In addition, the reserves policy requires reserves to be built up to fund the development of The Sikh Heritage Cent
at an estimated cost ol approximately £5 million.
un￿striCted income funds of £10,676,124 includes a revaluation reserve of £1,748,309 al the 31st May 2024.
However £7,356,236 01 this balance is tled up in fixed assets. Uncommitted free reserves available lor financing
current activities, repres8nted by significant funds held at the bank, therefore arnounted to £3,319,888 which is in
line with the policy explained above.
Risk assessment
The Trustees regularly review the major operational, business and financial risks which the Charity faces. Systems
have been e5tsblished to mitigate the significant risks where ne￿$Sary, or continue to be developed as part ol the
review process. The Trustees ensure that all decisions are taken with the advice of experts, whether that is from a
Solicitor, Accountant or Bank.
Plans for future perfods
The Sikh Heritage Cenlre.
It's regrettable that this exciting and much needed new build has taken such a long lime to Commen￿ when the
plans were approved in Novernber 2015. ACP Architecture Limited, a local fim based in Wolverhampton were
awarded the oontract to design and projed manage through to cornpletion the new build projecl. The Management
Commiltee can announce that work has now comMen￿d and demolishing lend8rs have been issued by Reade
Buray Associates for the Charity.
The Charity will continue and increase it5 level of participation in the 'lnterfaith' organisaiion wilh students from local
educstion centres visiting to learn about Sikhi. There will also be greater participation with the local community
including liaising wilh the nearby cornmunily Centre and buildin9 Partnerships with local schools.
An increase in car parking provision is being pursued with the local Councillor with a v￿W to convert part or 811 of 8n
open space along Baggol Street, which is opposite the current Gurdwara Car Park. As per the guidance of the
Charity Commission five Singhs have been be llo[ni￿ated by the trustees and approved by the congregation.
Conclusion
The Trustees and Management Committee remain indebted lo all those who perform semess services in the name
of the Almighty. Our Ardaas Iprayerl continues to be made lor their blessings. We I(￿k forward to next year to
further capitali5e on the assets ol the Charity and continue to deliver towards the needs of our growing
beneficiaries.
Structure, governance and management
The Guru Nanak Sikh Temple is a charity located in Wolverhampton that serves the local cornrnunity providing both
faith and non-faith based servioes and support to over 12,000 beneficiaries. All asp8cts of the Guidwaia operations
and management are p￿mISed on the foundations of Sikh teachings and principles.
The Guru Nanak Sikh Temple Is dedicated to practising and promoting the Sikh religion in the name of the living
eternal Sikh Guru, Sri Guru Granth Sahib Ji which is the embodirnent of the Ten Sikh Gurus.
Goveming document
The charity is an unincorporated organisation governed by its constitution adopted on 25th May 1969.

GURU NANAK SIKH TEMPLE
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MA Y 2024
Trustees
The Charity is govemed by four main Trustees, who oversee ils complignoe. Addititrnally, the Gurdwara is supported
by a management committ88 consisting of twenty-five members.
Mr Gurmukh Singh
Mr Sanlokh Singh
Mr Malkit Singh
Mr Pi8ra Singh
Structure and organlsallon
Since the inception of the conslitution, the twenty-five-rnemb8r Management Committee has been appoinl8d every
Iwo years through an established process. This committee is the officially recognised governing body by both the
Charity Commission and the Gurdwara Constitution. It holds full accountability for overseeing the Charity's day-t
day operations as well as its strategic direction.
Trustee induction and training
Advice lor Trustees published by the Charity Commission is given lo new Tnjstees and new guidance is notified and
made available at Committee meeting5.
The trustees, report was approved by the Board ofTrusteÈs.
Gumiukh Singh
Trustee
12 S8pt8tnber 2025

GURU NANAK SIKH TEMPLE
STATEMENT OF TRUSTEES. RESPONSIBILITIES
FOR THE YEAR ENDED 31 MA Y 2024
The Trustees are responsible for preparing the Trustees, Report and the financial s18tements in accordance with
applicable law and United Kingdom Ac£ountillg Standards (United Kingdom Generally Acc8Pted Accounting
Pr8Cticel.
The law applicable to charities in England and Wales requires the Trustees to pr8pare financial statements for each
financial year which give a true and fair view of the state ol affairs of the charity and ol the incoming resources and
application of resoUr￿S ol the charity for that year.
In preparing these financial statements, the Trustees are required lo-.
select suitable acwunting policies and thèn apply them consistently.,
observe the methods and principles in th8 Charities SORP.,
make judgements and estimates that are reasonable and ptudent.,
state whether applicable accounting standards have be8n followed. subject to any material departures disclosed
and explained in the financial statements,. and
prepare the financial statements on the going concern basis unless it is inappiopriate to presume that the charity
will continue in operation.
The Trustees are ￿SPonsible for keeping sufficient accounting reeords that disclose with reason8b18 aeeuracy at
any time the financial position of the charity and enable them lo énsure that the financial statements comply with the
Charities Act 2011. the Charity (Accounts and Reportsl Regulations 2008 and the provisions ol the trust deed. They
are also responsible for safeguarding the assets ol the charity and hen￿ for taking rèasonable steps lor Ihe
pravenlion and detection of fraud and other irregularities.

GURU NANAK SIKH TEMPLE
INDEPENDENT AUDITOR'S REPORT
TO THE TRUSTEES OF GURU NANAK SIKH TEMPLE
Opinion
We h8ve audited the financial slalements of Guru Nanak Sikh Temple {the 'charity'l for the y8ar ended 31 May 2024
which compris8 the statement of financial activities, the balance sheet, the statement of ￿sh flows and notes to the
financial statements, including significant accounting policies. The financial reporting framework that has b88n
applied in their preparation is applicable law and United Kingdom Accounting Standards, includino Finaneial
Reporting Standard 102 The Finanoal Reporting St8nd8rd applicabls in the UK and Republic of Ireland (United
Kingdom Generally Accepted AccoLJnling Practice).
In our opinion, the financial statements..
give 8 true and fair view of the stat6 of the charills affairs as at 31 May 2024 and of its incorning resources
and application of resources. for the year then ended,,
have been properly prepared in accordance with United Kingdom Generally Accepted Aocounting Practice,"
and
have been prepared in accordance with the Charities Act 2011.
Basls for oplnlon
We conducted our audit in accordance with International Standards on Auditing IUKI IISAS IUKII and applicable
law. Our responsibilities under those standards are further described in the Auditorfs responsibilities for the auclit of
Ihe finèncial stè16ments section of our report. We are independent of th8 charity in accordance with the ethical
requirernentS that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical
Standard, and we h8ve fulfilled OLJr other ethical responsibilities in accordance with these requir8ments. W6 believe
that the a￿di1 evidenc8 we have obtainèd is sufficient and appropriate to provide a basis for our opinion.
Concluslons relating to golng concern
In auditing the financial statements. we have ooncluded that the trustees, use of the going concem basis of
accounting in the p￿paratIon of the financial statem8nts is appropriat&.
Based on th8 work we have performed, we have not identified any material uncert8intios relating to events or
conditions that. individually or collectively, rnay cast significant doubt on the charity's ability lo continue as a going
con¢em for a period of at least twelve months from when the financial statements are authorised for issue.
Our ospon5ibilities and the responsibilities of the Trustees with resp8Ct to going concern are described in the
relevant sections of this report.
Other information
The other information comprises the information induded in the annual rep)rt other than the financial slatetments
and our auditor's report Ihereon. The Trustees are responsible for thè other information contained within the annual
report. Our opinion on the financial statements does not COV8r the other information 2nd we do not express any form
ol assurance conclusion Ihereon. Our responsibilily is lo read the other information and, in doing so, consider
whether the other infortnation is tnaterially inconsistent with the financial statements or our knowledge obtained in
the course of the audil, or Oth8￿lSe appears to be materially misstated. 11 we identify such material inconsislencie5
or apparent material misstatements. we are required to detertnine whether this gives rise to a material misstatetnent
in the financia5 statements themselves. If. based on th8 work we have performed, we conclude that there is
material misstatement of this other information. we ar8 r8quir8d to report that fact.
W8 have nothing io report in this regard.
Matters on which we are required to report by exceptlon
We have nothing to report In respect ol the following matters in relation lo which the Charities (Accounts and
Reports) Regulations 2008 requires us to report to you if, in our opinion..
the inforrnation given in the financial statements is inconsistent in any malerial ￿spect with the trustees.
report.. o
sufficient accounting records have not been kepl,. or
the financial statements are not in agreernent with the accounting récords,. or
we have not received all the information and explanations we require lor our audit.

GURU NANAK SIKH TEMPLE
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE TRUSTEES OF GURU NANAK SIKH TEMPLE
Responsibilities of Trustees
As explained more fully in the statement of trustees, responsibilities, the Trustees are responsible for Ihe
preparation of the financi81 statements and for being satisfied th8t they give a true and fair view, and lor such
ntemal control as the Trustees deterwine is necessary to enable the preparation of financial statements that are
free from material misstatement, whether due lo fraud or error. In preparing the finanrial statements. the Trustees
are responsible for assessing the charity's ability lo continue as a going Con￿￿, disclosing, as applicable. matters
related lo going concern and using the going coneern basis ol accounting unless the Trustees eiiher intend to cease
operations. or have no realistic altemative but to do so.
Auditorfs responslbllitSes for the audit of the financial statements
We have been appointed as audiior under seotion 144 of the Chgriti8s Act 2011 and rèport in accordance with the
Act and relevant regulations made or having effect Ihereunder.
Our objectives are lo obtain reasonable assurance about whether the financial staternents as a whole a￿ free from
material rnisstatement, whether due to fraud or error, and to issue an auditor's report that includ8s our opinion.
Reasonable assurance is a high level of assurance bul is not a gu3ranlee that an audit conducted in accordance
with ISAS IUKI will always delect a material misstatement when it exists. Misslalemenls can arise from fraud or
error and are considered material If, individually or in the aggregate, they could ￿asonablY be expected to influence
the economic decisions of users taken on the basis of these financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design proc8dures in
line with our responsibilities, OLJtlined above, to detect material misslalements in respe¢t ol irreg￿l￿rities. including
fraLJd. The extent to whlch our procedures are Capable of detecting irregularities. induding fraud, is detailed below.
Frorn the preliminary of the audtt. we ensure our understanding of the entity is up to date. This includes, bul is not
limited to, current knowledge of their activities. the business and control environménts, and thèir Compliance wilh
the applicable legal and regulatory frameworks. This information supports our risk identification and the subsequent
design of audit pro￿du￿$ to mitigate those risks., ensuring that the audit eviden￿ obtsined is sufficienl 8nd
appropriat8 to support our oplnlon.
In response to the risks identified. spe¢ifi¢ lo this entity. we designed procedures which induded. bLJt were not
limited lo..
Enqulry of management and those charged wth governance around actual and potential litigation and
claims.,
Reviewng minutes of meetings of those charged wth govemanee, if available,,
Reviewing financial statement disclosures and testiNg lo supporting documentation to assess compliance
with applicable laws and regulations.,
Auditing the risk of management override of controls, including through testing joumal entries and oth$r
adjuslments for appropriateness, and evaluating the business rationale lor significant transactions outsid8
the normal course of business.
A further description of our responsibilities is available on the Financial Reporting Council's website 8t.. https."Il
wbvw.frc.org.uklauditorsresptsnsibilities. This description forms part of our audilorfs report.
Other matters
Your attention is drawn to the fact that the ch8rity has pr8pared financial stat8ments in aceoidance with "Accounting
and Rgporting by Charities.. Slalernent of Recommended Pr8Ctice applicable lo charities preparing their accounts in
accordance with the Financial Reporting Standard applicable in the UK and Republio of Ireland IFRS 1021" las
amended) in pieference to the Accounting and Reporting by Charities.. Slalemenl ol Re¢ornrnended Practice issued
on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn.
This has been done in order for the financial statements to provide a true and fair view in accordan￿ with Current
Generally Accepted Accounting Pr8¢lice.
10-

GURU NANAK SIKH TEMPLE
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE TRUSTEES OF GURU NANAK SIKH TEMPLE
Use of our report
This report is mad8 solely to the charitls trustees, as a bocly, in accordance wlh Part 4 of the Charities IAccounts
and Reports) Regulations 2008. Our audit work has been undertaken so that we n)ighl state to the charity's trustees
those matters we are required to state to them an 8uditor's report and for no other purpose. To the full8st Extent
permltted by law, we do not a¢￿p1 or assume responsibility to anyone other than the charity and the charity's
trustees a5 a body, for our audit work, for this report, or for the opinions we have fomed.
Andrew Wllllams FCCA (Senior Statutory Auditor)
for and on behalf of BK Plus Audit Limited
12 September 2025
Suite GA, St, George's House
Lever Street
Wolverhampton
England
WV2 1EZ
BK Plus Audit Limited is eligible for appointment as auditor ol the charity by virtue of its eligibility for appointment as
auditor of a company under section 1212 of the Companies Act 2006.

GURU NANAK SIKH TEMPLE
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MA Y 2024
Unrestricted
funds
2024
Unrestricted
funds
2023
Notes
Incorne and endowments from..
Donations
Other Income
1,030.064
888,163
1.068
Totsl income
1,030,064
889,231
Expènditurè on..
Charitable activities
713,720
658,771
Totsl expenditure
713,720
658.771
Net incorna and movement in funds
316,344
230,46Q
Reconciliation of funds:
Fund ba18nces at 1 June 2023
10,359,780
10,129,320
Fund balances at 31 May 2024
10,676,124
10,359,780
The statement of financial 8Ctivities includes all gains and losses recognised in the year. All income and expenditure
de￿ve from continuing 8¢tivities.
The notes on pages 15 to 23 fortn an integral part ol these financial st8tements_
12

GURU NANAK SIKH TEMPLE
BALANCE SHEET
AS AT 31 MAY2024
2024
2023
Notes
Fixed assets
Tangible 2ssets
Investm8nt propgrty
10
11
5,529.717
1,826,519
5,442,610
1,826,519
7,356,236
7,269,129
Current assets
Debtors
Cash at bank and in hand
13
15,389
3,359,719
9,939
3,139,T78
3.375,108
3,149.717
Creditors: amounts falllng due wlthln
one year
14
155,2201
159,0661
Net current assets
3,319.888
3.090,651
Totsl assèts less current liabilities
10,676,124
10.359,780
Net assets excludlng pensSon Ilablllly
10,676.124
10,359,780
The funds of the charity
Unrestncted funds
10,676,124
10,359,780
10,676,124
10,359,780
The notes on page 15 10 23 form an integral part ol these financial statements.
The financial statements were approved by the Trustees on 12 September 2025
Mr Gurmukh Singh
Trustee
13

GURU NANAK SIKH TEMPLE
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 MA Y 2024
2024
2023
Notes
Cash flows from operating activities
Cash generated from operations
17
319,223
280,285
Investing activities
Purchase of tangible fixed assets
Proceeds from disposal of tangible fixed
ssets
Purchase of investment property
199,2821
142,4811
6,259
1531,5191
11
Net cash used in investing activities
199,2821
1567.7411
Nèt eash us•d In financlng actlvitles
Net increaselldecreasel in cash and cash
equlvalents
219,941
1287,4561
Cash and cash equivalents at beglnning of year
3,139.778
3,427,234
Cash and cash equivalent$ at end of year
3,359.719
3,139.778
14-

GURU NANAK SIKH TEMPLE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MA Y 2024
Accounting policies
Charlty Infomiatlon
The Guru Nanak Sikh Ternple Is a charity located in Wolverhampton that serv9S the local community providing
both faith and non-faith based serviogs and support lo over 12,000 beneficiaries. All aspects of the Gurdwara
operations and management are premised on the foundations of Sikh teachings and principles.
1.1 Accounting convention
The financial statem8nts have been prepared in a￿ordanCe with the charity's governing document. the
Charities Act 2011, FRS 102 'The Financi21 Reporting Slandard applicabl8 in the UK and Republic of Ire1gnd'
I'FRS 102.1 and the Charities SORP "Accounting and Reporting by Charities.. Statement ol Recommended
Practice applicable to charilies preparing their 2CCOUnts in accordance with Ihe Financial Reporting Standard
applicable in the UK and Republic ol Ireland IFRS 1021" leffectlve 1 January 20191. The charity is a Public
Benefit Entity as defined by FRS 102.
The financial statements have departed frotm the Charities (Accounts and Reports) Regulations 2008 only to
the extent required to provide a true and fair view. This departure has involved followng the Statement of
Recommended Practice for charities applying FRS 102 rather than the version of the Statement of
Recornmended Practice which is referred to in the Regulations but which has sints been withdrawn.
The financial statements are prepared in sterflng, which is the functional currency of the charily. Monetary
amounts in these financial statements are rounded to the nearest £.
The finanoial statements have been prepared under the historical cost convention, modified to includ8 the
revaluation of freehold prop8rties and to include inveslrnent properbes and certain financial instruments at fair
Value. The principal accounting policies adopted Bre set out below.
1.2 Going concern
At th8 time of approving the financial statements, the Trustee5 have a reasonable expectation that the charity
has ad8quate resources to continue in operational existence for the foreseeable lulure. The charity remains in
a net asset positlon 8nd holds cash reserves lo more than suffioi8ntly cover cashflow throughoul th8 next 12
months even if unexpect9d ev8nts occur. Given this the Trustees continue to adopt the current concern basis
of accounting and preparing these financial statements
1.3 Charitable funds
Unrestricted funds are available for use at the discretion of the Trustees in furtherance of their charitable
objectives.
R85tricted fund5 are subject to specific conditions by donors or grantors as to how Ih8y rnay be used. The
purposes and uses ol the restricted funds are set out in th8 notes to the financial statements.
Endowrnent funds aFe subject to specific conditions by donors that the capital must be maintained by the
charity.
1.4 Incom8
Ineome is recognised when the charity is legally entitled to it after any performance conditions have been mel,
the 8tnounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised onee the charity has been notified
of the donation, unless performance conditions require deferral of the amount. Incorne tax recoverable in
relation lo donations recelved under Gift Aid or d88ds of covenant is recognised al the time of the donation.
15-

GURU NANAK SIKH TEMPLE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MA Y 2024
Aecountlng pollcles
Icontinuedl
Lggacies are re(x)gnisèd on re￿Ipt or otherwise if the charity has been notified of an Impending distribution,
the arnount is known, and receipt is expected. If the amount is not known, the 1gg3w is treated as a
contingent asset.
1.5 Expenditure
Expenditure is recognised On￿ there is a legal or constructive obligation to transfer economic benefit to a
third party, it is probable that a transfer of economie benefits will be required in settlement. and the amounl of
the obligation can be measured reliably.
Expenditure is classified by activity. The costs of each aotiwty are made up of the total of d1￿cl costs and
shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single
activity are allocated directly to that activity. Shared costs which contribute lo more than ome activity and
support costs which are not attributable to a single activity are apportioned between those activities on a basis
consistent with the use of resources Central staff costs are allocated on the basis of lime spent, and
depreciation charges are allocated on the portion of the asset's use.
1.6 Tangible fixèd assèls
Tangible fixed assets are initially measur8d at cost 8nd subsequently measured at cost or valuation, net ol
depreciation and any impaiment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their
useful live5 on the following bases..
Frèehold land and buildings
FixtLJres and fittings
Not depreciated
10Vo straight line basls
The gain or loss arising on the disposal of an asset is deterrnined as the difference between the sale proceods
and the carying value ol the asset, and is recognised in the statemènt of financial activities.
1.7 Investment property
Investrnent property, which is property held to earn rentals andlor for capital appreciation, is initially
recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequendy
it is measured 8t fair value at the reporting end date. The surplus or deficit on revaluation 15 recognised in
profil or loss.
1.8 Impairment of fixed assets
Al each reporting end dale, the eharity reviews the carrying amounts of its tangible assets to determine
whelher there is any indication that those assets have suffered an imp2irment loss. If any such indication
exists, the recoverable amount of the asset is estimated in order to determine the extent of the impaiiment
loss lif any).
1.9 Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with b8nk5. Other short-temi liquid
investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts a￿ shown
wlhin borrowings in Current liabilities.
16

GURU NANAK SIKH TEMPLE
NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI
FOR THE YEAR ENDED 31 MA Y 2024
Accounting policies
Icontlnuedl
1.10 Financial Instruments
The charity has elected to apply the provisions of SectioN 11 'Basie Financial Instwments. and Section 12
'Other Financial Instruments Issués. ol FRS 102 to all of its financial instruments.
Financial illstruments are recognised in the charity's balance sheet when th8 charity becomes party to th8
contractual provisions ol the instrument.
Financial assels and li8bilities are offset, ￿rith the net amounts presented in Ihe f1nan¢ial slaternents, when
there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net
basis or to ￿aliSe the asset and settle the liability simultaneously.
Basic finan¢ial assefs
Basic financial assets, which include debtors and cash and bank b818nces. are initially measured at
transaction price including transaction costs and are subsequently carried at amortised wsl using the effective
Interest method unless the arrangement constitutes a financing transaction, where the transaction is
measured at the present value of the future re￿ip1S discounted 8t a Tnarket rate of interest. Financial assets
¢18Ss[￿e￿ as receivable within one year are not amortised.
Basic financial liabilities
Basic financial liabilities, including creditors and bank loans are initially recognised 8t transaction price unless
the arrangement constitutes a financing transaction. where the debt instrument is me85urèd at the present
valLJe of the future payménts discounted at a market rat8 of interest. Financial liabilities classified as payable
within one year are not amortiS8d.
Debt instruments are subsequently Carried 8t amortised cost, using the effective interest rate method.
Trade creditors 8re obligations to pay for goods or services that have been acquired in the ordinary course of
operations from suppliers. ATllOUnts payable are ¢lassified as current liabilities if payment is due within one
year or less. 11 nol, they are presented as non-currenl li8bilities. Trade creditors are recogllised inltially al
transaction price and subsequently me2sured at amortised cost using the effective interest method.
Derecognilion of financial liabilllles
Finana31 liabilities are derecognised when the ¢h8rity's contractual obligations 8xpirè or are discharged or
cancelled.
1.11 Employee benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee's servi¢¢s are
received.
Temiination benefits are recognised immediately as an expense when the ch8rity is dgmonstrably committed
to terminate the employrn8nt of an employee or to provid8 termination benefits.
1.12 Retirement beneflts
Payments to defined contribution ietirement benefit schemes are charged as an expense as they fall due.

GURU NANAK SIKH TEMPLE
NOTES TO THE FINANCIAL STATEMENTS {CONTINUEDI
FOR THE YEAR ENDED 31 MA Y 2024
Key accounting estimatès and judgements
In the application of the charity's accounting policies, the Trustees are required to make judgetnents,
estimates 8nd assumptions about the carying amount of assets 2nd liabilities that are not readily apparent
from other sources. The estimates and associ81ed assurnplions a￿ based on historical experience and oth8r
faetors that are considered to be relevant. Actual results may differ from these estirnates.
The estimates and underlying assumptions are ￿vieWed on an ongoing basis. Revisions to accounting
estimates are recognised in the period in which the estimate is revised where the revision affects only that
period, or in the period of the revision and future periods where the revision affects both current and futurè
periods.
Key sources of estimation uncertainty
The estimates and assumptions which have a significant risk of causing a rnaterial adjustrnent to the carrying
arnounl of 8ssets and li8bilitiès are as follows.
Property valuations
The determination of lair value for investment properties requir8S th8 us& of professional judgement and
estimation by external valuers. Key assumptions include re￿fflt market transactions, rental income, yield
rates, 0￿up8￿cY leve15. and future economic conditions. Significant changes in these a5SUmPtions could
materially affect the carrying valu8 of investment properties.
Incom& from donatlons and legacles
Unrestri¢ted
funds
2024
Unrèstrlcted
funds
2023
Donation boxes- Golak
Donations
Gift Aid
Government grant income
Religious literature In￿￿8
Investrllent incorne
806,806
8,398
85,905
11,202
1,632
116,121
706,820
14,673
73.299
13.957
1,227
78,187
1,030,064
888,163
Included wthin investment income is bank interest received of £44,40112023.. £20,217).
Othèr Income
Unrestricted Unrestricted
funds
funds
2024
2023
Net gain on disposal of tangible fixed assets
1,068
18

GURU NANAK SIKH TEMPLE
NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI
FOR THE YEAR ENDED 31 MAY 2024
Expenditure on charitablè actlvlties
Expenditure Expenditure
2024
2023
Direct costs
Siaff costs
Dgpreciation
Religious literature
Premises expenses
Donations
Repairs and rnaintenance
Insurance
Cleaning, refuse and pest control
Motor vehide expenses
Legal & professional fees
Auditor's remuneration
L2ng8r (Food Servi￿$)
Office expenses
Bank charges
Advertising
So¢ial activity & function expenses
other charitable expenditure
217,078
12,175
3,056
211,346
11,175
39,323
15,433
3,369
2,690
5,193
6,300
136,963
18,831
8.211
1,200
16,364
5,013
206,995
6,966
2,484
165,239
5,200
46,839
15.002
4,534
4,501
13,733
6,000
101,152
33,047
17,518
3,321
14,397
11.843
713,720
658,771
Analysis by fund
Unrestricted funds
713,720
658,771
Net movement in funds
2024
2023
The net movement in funds is stated after chargingllueditingl".
Depreciation of owned tangible fixed assat5
Lossllprofitl on disposal of tangible fixed assets
12,175
6,966
11,0681
Trustees
None of the Trustees lor any persons connected with thetnl received any remuneration or benefits trom the
Charity during the year.
19-

GURU NANAK SIKH TEMPLE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MA Y 2024
Employees
The 8verage number of full time equivalent employ88s during the year was..
2024
Number
2023
Number
Granthis IPriestsl
Educational staff
38
37
Total
45
44
Employment costs
2024
2023
Wages and salaries
Social security costs
Other pension costs
205,918
7,310
3,850
197,489
7,311
2.215
217,078
206,995
There were no 8mployees whose annual retmuneration was more than £60,000.
Taxation
The charity is exernpt from taxation on its activities because all its income is applied for ch8ritable purposes.
10 Tangiblé fixèd assets
Freehold land Fixtures and
and buildings
fittings
Totsl
Cost
At 1 June 2023
Additions
5,385,208
90,458 5,475,666
99,282
99,282
At 31 May 2024
5,385,208
189,740 5,574,948
Depreciation and Impairment
At 1 June 2023
Depreciation charged in the year
33,056
12,175
33,056
12,175
At 31 May 2024
45,231
45,231
Carrying amount
At 31 May 2024
5,385,208
144,509 5,529,717
At 31 May 2023
5,385,208
57,402 5,442,610
-20-

GURU NANAK SIKH TEMPLE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MA Y 2024
11
Invastment prop8rty
2024
Fair value
At 1 June 2023 and 31 May 2024
1,826,519
The investment property was revalued by independent Chartered Surveyors, Towler Shaw Roberts LLP, in
September 2019, who are not connected with the ¢h8rity. The valuation was made on an open market value
basis by reference lo market evidence of transaction prices for similar praperties.
The Trustees have been unable to revalue in the intervening ￿ri0d and have perfomed a desktop review on
recent Sales lo ensure they ar8 Still materially ¢orrecUy valued.
12 Revaluations
The carrying amount of a11 revalued freehold land and buildings 8nd investment properties under the cost
model would have been £3.719.24512023.' £3,719,245).
13 Debtors
2024
2023
Amounts falling duè wlthin one year=
Prepayrments
15,389
9,939
14 Credltors.. amounts falling due withln one year
2024
2023
Other taxation and social security
Trade Creditors
Other creditors
Accruals
2,241
12,441
5,203
35,335
3,628
12,753
4,041
38,644
55,220
59.066
15 Retirement benefit schemes
2024
2023
Defined contribution schemes
Charge to profit or loss in respect of defined contribution schemes
3,850
2,215
The charrty operates 8 defined contribution pension scheme for all qualifying employees. The assets of the
schem8 are held separately from those of the charity in an independently administered fund.
21

GURU NANAK SIKH TEMPLE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MA Y 2024
16 Unrestricted funds
The unrestricted funds ol the charity Comprise the unexpended balances of donations and grants which gre
not subject to specific conditions by donors and grantors as to how they may be used. These include
designated funds which have been set aside out of unrestricted funds by the ttustees for specific purposes.
At 1 Junè
2023
Incomlng
resources
Resources
expended
At 31 May
2024
General funds
10,359.780
1,030,064
1713,7201 10,676,124
Previous year..
At 1 June
2022
In¢oming
resources
Resource5
expended
At 31 May
2023
Revaluation reserve
General funds
1,748,309
8,381,011
1,748,309
8,611,471
889,231
{658,7711
10.129,320
889,231
1658,7711
10,359,780
17 Cash generated from operations
2024
2023
Surplus foi the year
316,344
230,460
Adjustments for..
Gain on disposal of tangible fixed assets
Depr&ci8tion and impairment of tangible fixed assets
{1,0681
6,966
12,175
Movements In worklng capital..
Ilncreaselldecrease in debtors
IDecreasellincrease in creditors
15,4501
13,8461
43,081
846
Cash generated from operations
319,223
280.285
18 Analysis of changes in net funds
The charity had no m8teYi81 debt dunng the year.
-22-