smibu￿vIEXGh SABKA 2024 / 25 SGSSGR ANNUAL REPORT L£ Registered Charity Number: 266714 Siri Guru Singh Sabha Gunlwara Contents of the Trustees. Annual Report and Audlted Financlal Statements fow the Year ended 31 March 2025 Page Report ofthe Trustees Report ofthe Independent Auditors 10-12 Ststement of Flnanclal Actlvltles 13 8alan¢e Sheèt 14 Notes to the Flnanclal Statements 15 The followln8 Is not part of ststutory accounts Oetalled Income and Expendhure Account For the year ended 31 March 2025 21 Siri Guru Sin8h Sabha Gunhmara Report of the Trustees forthe year ended 31 Marth 2025 The trustees present their annual ￿pOrt and audited financial statements for the year ended 31 March 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities- Statement of Recommended Practice applitable to charf(ies preparing their accounts in attordance with the Financial Rewrting Standard appllcable in the UK and Republic of Ireland IFRS1021 (effective l January 20191. Reference and Administrallve Information Chartty Name Siri Guru Slngh Sabha Gurdwara Chorily Reglstration Number 266714 Worshlp Re815tration Number 77318 Marrla8e Reference Number 40870 Prlntipal address 30a Cumberland Road. Readin& Berkshlre RGI 3L8 Statutory Auditors 8usines5 Led8er Limited, Chartered Certified Accountants 3 Waterslde Drlve, Langley Berkshire SL3 6EZ Current Ranveer Slngh Sahota (Chairl Man8al Sin8h Bhullar Surinder Slngh Gill Surjit Slngh Sidhu Harlleet Sln8h Haran Raj Singh Gill Kamalprit Singh Dhaliwal Pre¥4ous Ranveer Singh Sahota (Chalrl Mangal Slngh Bhullar Surlnder Singh Gill Surlit Singh Sidhu Harijeet Sin8h Haran Ral Sln8h Glll Kamalprit Slngh Dhallwal Trustees IHoldlng} Managln8 commlttee Mukh Sevadaar 5aihek Mukh Sevadaar Joint General Secretary Amarlft Slngh Khera Malklt Singh Gill Avtar SSngh Sindher Gurcharan Slngh Gumiail SinFh Garcha Navllt Kaur Glll A5SiStant General Secretary Pamiinder Kaur 8rar Kuljtt Kaur Treasurer Vininder Singh Bajwa ljointl Parmjeet Kaur Sandhu ljointl Sarabjit Singh Pavr¢ar Singh Kularla Sukhdev Singh Sira Balbir Singh Purewal Sukhpal Singh Grewal Jasbir Kaur Aulakh Surian Singh Grewal Sarbjit KaurThakar Paramjit Kaur Gill Vininder Singh 8ajwa Assistant Treasurer Stage Secretary Building Malntenante Kitchen Sevadaar Fire l Health & Safely Siri Guru Sln8h Sabha Gurdwarn Report of the Trustees for the year ended 31 March 2025 Other committee membefs Kuljtt Kaur Kuljit Kaur Jaspal Singh Sadhu Ramandeep Kaur Amardeep Slngh AjTt Singh Khalon Balbir Kaur Lalli Satinder Singh Bassl Ajaib Singh Manjit Kaur Sahota Pavltar Singh Kularla Ajmer Singh Siri Guru Singh Sabha Gurdwara Report of the TTustee5 for the year ended 31 March 2025 Structiirei govemance and mana8ement Governin8 document Siri Guru Singh Sabha Gurdwara is an unincorporated association and governed by declaration of Trust dated 5 November 1973 as varied by a scheme dated 8 October 1998. The charity Siri Guru Singh Sabha Gurdwara In Readlng Is hereafter referred to as SGSSGR The day-to-day management and the administration of the charity Is de￿gated to the Managlng Commlttee. The Holding Trustees hold the charity's property including land as custodlans of the tharlty's freehold properties. The financial controls lie with the Trustees known as mana8in8 committee. The membershlp of the managlng Commlttee comprises 15 Office holders that mana8e the day to day running of the charity. Strurtureth governance and management The Gurdwara Is rnanaged by a team of Trustees who are responsible for overseein8 its operatlons and ensurin8 compliance with regulatory requirements. The Trustees meet regular￿ to review activities, finance5, and strateglc directlon. The Trustees confirm that they have complSed wfth thelr duty to have due regard to the 8uidonce on public beneflt published by the Chartty Commission. Rlsk Mana8ernent The Managing Trustees have a duty to identify and ￿VIeW the risks to which the charity 15 exposed and to ensure approprlate controLs are In place to provlde reasonable assurance agalnst fraud and error. The Managlng Trustees activety revlew the major rlsks whlch the charlty faces on a regular basls and belleve that maSntalnlng reseryes at current levels, combined wrih an annual review of the controls over key financial systems, wlll provide sufficlent resources in the event of adverse conditions. Risks which are identifled are dealt with appropriately, including insurance cover bein8 taken where feasible. The Trustees have also examined other operational and l)usines5 risks faced by the charity and confimi thal they have established Systems to mitigate the risks. The conclusion was that the system of control in the areas reviewed was adequate In all slgniflcant respects for the purpose of the charity to contlnue in r¢s activities Siri Guru Sin8h Sabha Gurdwara Report of the Trustees for the year ermled 31 March 2025 Alms and Objertives The objectives of SGSSGR are rooted in Sikh principles of equality, humility, and selfless service. The chariws primary objectives include.. Promotion of Slkh Fafth: Offering daily prayers, kirtan (hymn singing}, and gurmat cla55es to encourage spiritual growth among all ages. Community Service (Seval: Running a free community kitchen Ilangar) to serve meals to all vlsitors. regardless of background, faith, or circumstances. Educatlon and Cultural Preservatlon: Or8anising Punjabi language and Sikh history classes for children to preserve cultural heritage. Charltsble Support: Providing support and Buidance to individuals and familles facln8 financial, emotional, or social challenges. Key activities during the year included.. Dally Worship Services: Conducting prayers and religious ceremonie5 for the community. Langar Ser¥lce: Serving over 150.CW meals throughout the year, including during major festivals and event5. We hosted a number of Gurpurabs and nearly IIXI families booked Akand Paaths, Sukhmani Sahibs and Sehaj Paaths. Health and Safety: We achieved/retsined our 5-star food hy8iene and ensure all meals and food stored are clearly labelled for allergies which ensures sangat understand what thelr food contains. Our sevadars wear appropriate PPE when preparin& servin8 and cleanin8 in the kitchen. £ducatlonal Programmes: Enrolling over 45 participants in Punjabi and gurmat and kirtan tla5ses. Communlty Outreach: Collaborating With other local charities to support those in need, providing a safe space to a large number of individuals and families who are feeling the effects of the cost-of- living crises. Achlevements and Perfomi•n¢e Durlng the financial year. SGSSGR successfully achieved the following milestones: Facility Improvements: Minor upgrades to the Gurdwara's current faciltties to asslst congregation members with their experience of visiting the Gurdwara. Festivals and Events: Hosted community-wide celebrations with attendance exceeding 1,000 at our annual Nagar Kirtan event f05tering unity and inclusion. Charitable Glvln8: Supported over 50 families and individuals with welfare and wellbein8 SUPPOrt. yO￿h Engagement: Expanded programmes for youth participation, including our long-term affiliation with Singh Sabha Taekwondo Club, youth camps and guest speakers/workshops. We are also pleased to support a number of Duke of Edinburgh award candidates who supported the charity through volunteering at the Gurdwara. External visits: A large number of Schoo15 and other groups have visited the Gurdwara to learn first hand about the Sikh faith and our community support through Sewa and Langar. This was very positively received and helped to promote interfaith harmony in our local community. Digital Presence: We've updated our website and regularly post key updates to our growing social media audience. Slrl Guru Slngh Sabha Gwdwarn Report of the Trustees for the year ended 31 March 2025 Arquisition and Refurbishment of a New Gurdwara Site In the previous financial year, the congregation of SGSSGR achieved a significant milestone by coming together to acquire a new site for the Gurdwara. This remarkable achievement reflects the collective spirit, dedication, and generosity of our community, who contributed selflessly to this monumental project. The new site, located at Reading Road. Winnersh, RG41 SHE is larger and better equipped to meet the growing needs of our congregation. Once completed, it will offer enhanced facilities, including: A larger prayer hall to accommodate increased attendance durlng regular services and major events. Modernised langar facilities with expanded seating capacity. Dedicated spaces for education. youth programmes. and communlty activities. Accessible Infrastrurture to ensure inclusivlty for all members of the communty. Refurblshment Progress and Vislon Refurbishment of the new site is currently underway, with the aim of creating a welcomln8 and Insplring space that reflects the core values of Sikhi: devotion, service, and equallty. The work is being carried out In phases to ensure efficient use of resources and minimal disruption to our services. Sustainability and belng self-sufficient is important therefore over 200 solar panels have been installed at the new site . Excess energy generation is bein8 sold back to the national grid so the monthly income from the solar energy offsets the installation costs. This initiative will help future proof the green footprint of the Gurdwara goin8 forwards and optimise operational costs We are pleased to report that the project is on schedule, with an antlclpated completion date within 2026. Thls ambitious initiative would not have been possible without the tireless efforts of volunteers and the continued 5UPPQrt of donors. whose contributions are making this Vision a reality. Communlty Involvernent The acquisition and refurbishment of the new site have provided an opportunity for the entlre community to unite in Seva. Volunteers have been involved in fundraising efforts, refurbishment planning, and logistical SUPPOrt. Looking Ahead Once completed, the new Gurdwara will not only serve as a place of worship but also as a hub for education, cultural preservation, and community outreach. It will enable SGSSGR to expand it5 services and further strengthen the bonds Wlthin the congregation. The Trustees express their deepest gratitude to all members of the community for their unwavering support and look forward to welcoming everyone to the new Gurdwara upon its completion. Siri Guru Sin8h Sabha Gurdwara Report ofthe Trustees forthe year ended 31 March 2025 Voluntary Community Hub In addition to its spiritual and cultural activities. SGSSGR operates a voluntarily run community hub that provides vital support to local residents. This hub serves as a lrfeline for individua15 and families facing a variety of challenge5, offering assistance with accommodation, food security, job opportunities, and emotional support in times of need. The hub is staffed entirely by dedicated volunteers who give their time and expertise to ensure that no one in the community is left behind. Over the past year, the community hub has successfully: A5S15ted over 50 individuals with housing-related issues by connerting them to appropriate service5 and resources. Provided food parcels and grocery support to a large number of families experiencing food insecurity. Facilitated job-seeking initiatives, including resume-writing workshops and job application support, helping over 30 individuals secure job inte￿iewS and employment. Delivered support to vulnerable individuals during crises. including mental health guidance and acce55 to flnanclal ald. The hub embodie5 the Sikh principle of Seva, creatin8 a sense of unity and care within the local cornmunity. It remain5 an essential pillar of the Gurdwara's mission to serve humanity and uplift those in need. The Trustees commend the incredible efforts of all volunteers who have contrlbuted to the succes5 of this initiatlve. These achievements reflect our ongolng commitment to 5UPPOrting the spiritual, cultural, and soclal well- being ofour community. Flnanclal Revlew Reserves pollcy Currently the trustees conslder that the level of free reserves (net assets excluding fixed assets) is adequate. The conversion of the new building into a Gurdwara building is progressin8 at pace. All ex￿$5 funds are commltted ft)rthis conversion. Once the building is tompleted, the Trustees wlll ensure enough funds are retained to meet the day-to- day expenses together with the repayments of the loan. The trustees plan to ensure that unrestricted fund reserves are malntained which are sufficient to meet the need5 of the charlty for next six months. Based on current projections, it is anticipated that within the next financial year approxlmately £750,Ctrf) wlll be spent on completing the refurbishment of the new site. This will be a mixture of cash reserves and additional donation5 received throvgh our fundraisin8 Initiatives. Slrl Guru Sin8h Sabha Gurdwara eport of the Trustees forthe year ended 31 March 2025 Results for the year In 2017, three members funded the acqulsltlon of land lying to the South of Reading Road, Winnersh, Readlng for the Gurdwara for the sum of £196,OLK). The land was a potential site fora new Gurdwara Isubjert to appropriate plannin8 permissions) and a Declaration of the Trnst dated 2 June 2017 was executed. As at 31 March 2025, thè amount of £196.OCK)12024.' £196.(XX)l is repayable to these three members. The total income decreased in the year by £444.686 to £668,750. The total expenditure for the year excludin8 depreciation and interest increased In the year from £122,681 to £156,637. The net movement in funds for the year was £314,96312024- £1,863,229) thereby increasing the unrestricted funds to £4,803,316 of which £4,730,45812024 - £4,470,197) is invested in the charitys total fixed assets. The charity has net current assets of £777.94212024- £738.2401. The trustees are of the opinion that the Gurdwara Is a 80ing concern. Plans forthe F￿Ure In the comlng year, the Trustee5 aim to.. Complete the refurbishment of the new Gurdwara site and make that the permanent base of the local congregation. Enhance the Gurdwara's offerings of religious services, educational courses and sports activStles. Increase our support to vulnerable members of the community including buildln8 partnershlps with other local charities to help counteract food insecurity and homelessness. Acknowledgements Volunteers. Donors & Community The Trustees would like to express their heartfelt gratitude to all volunteers, donors. and community members who contributed their time, effort, and resources to the success of SGSSGR mission. Slrl Guru Slngh Sabha Gurdwarn Report ot the Trustees for the year ended 31 March 2025 Statement of trustees responsibilities The trustees are responsible for preparing the Annual Report and the finanaal statements In accordance wlth applicable law and regulations. The law applicable to chartiies in England & Wale5, the Charities Act 2011, Charity IAttt*unts and Reportsl Regulatlons 2CQ8 requlres the trustees to prepare financial statements for each finanaal year in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable lawl. The trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affaiT5 of the charity and of the incomin8 resources and application of resources, including the income and expendityre, of the charlty for that period. In preparlng these financlal statements, the tnjstees are requlred to.. al select sultable accountlng pollcies and apply them consistently: bl observe the methods and principles in the CharrÉies SORP,. cl make judgments and accountin8 estimates that are reasonable and prudent: dl state whether applicable UK Accountlng Standards have been followed. sublect to any materlal departures db5closed ond explained in the flnancial statements. el prepare the financial statements on the golng concern basls unless It ts Inapproprlate to presume that the charlty will continue to operate. The trustees are responsible for keeping sufficSent accout)tlng ￿COrdS that dlsclose wlth reasonable accuraty at any tlme the flnancial posltion of the charity and enable them to ensure that the financial statements comply with the Charities Art 2011, the Charlty (Accounts and Rewrtsl Regylatlons 2008 and the provlslons of the trust deed. They are also responsible for safeguarding the assets of the charty and hence for taking reasonable steps for the prevention and detection of fraud and other irre8ularr¢ies. Approved by the trustees on and $18ned on thelr behalf bv: Haran Ral Slngh Glll (Trustee) Vinln er Singh Baj ITreasurerl rt Gurn Singh Sabha Gurdwara The Independent Auditor< Report to the Trustees of Siri Guru Singh Sabha Gurdwara Oplnlon We have audited the financial statements of Siri Guru Singh Sabha Gurdwara Ithe'chariVI for the year ended 31 March 2025which comprise profit and loss. balance sheet, cash flow an(1 notes to the financial statement5, including 0 Summary of signthcant accounting policies. The financial reporting framework that has been applied in their preparation Is applicable law and Unf(ed Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reportlng Stondordopplicoble in the UKand Republic of Irelond (United Kingdom Generally Accepted Accounting Praclicel. In our opinlon, the financial statements- give a true and fair vlew of the state of the charitvs affairs as at 31 March 2025 and of Its incorning reSour￿S and application of resources for the year then ènded- have been property p￿pa￿d In accordance wlth Unlted Kingdom Generalty Accepted Accounting Practice,. and have been prepared In accordance with the requlrements of the Charilies Act 2011. Basls for oplnlon We conducted our audit in accordance with International Standards on Auditin8 IUKI IISAS IVKII and applicable law. Our responsiblllties under those standards are further described in the Auditorfs responsibilities for the audit of the financlal statements section of our rep)rt. We are independent of the charéty In accordance with the ethical requlrements that are relevant to our audit of the financial slalements In the UL Includlng the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilrties in accordance with these requirements. We believe that the audlt evldence we have obtained is sufflclent and appropriate to provide a basis for our opinion. Concluslons relatlng to 8oln8 (oncem In audltlng the financial statements. we have concluded that the trustees. useof the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed. we have nol Identlfied any material uneertainties relating to events or conditions that. indlvidualty or collectNeiy. may cast signifKant doubt on the charTVs èbility to continue as a goinB concern for a perlod of at least twelve months from when the financial statements are authorised for issue. Our re5phJnsibilities and the resp)nslbilrties of the trustees with resped to going concern are described in the relevant 5eclions of this report. Other Informatlon The other information comprises the information induded in the annual report other than the flnancial statements and our auditorfs report the￿on. The trustees are ￿5￿nSIble forthe other information contained within the annual report. Our opinion on the financial statements does not coverthe other information and. except to the extent otherwise explicrtly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibiltty is to read the other inforniation and. in doin8 so, consider whether the other informatloll 15 materially inconsistent with the financial statements or our knowledge obtained in the course of the audit or othe￿ise io Report ofThe Independent Audltors to theTrustees of Slrl Guru Sin8h Sabha Gurdwarn Other informatlon Icontinuedl appears to be materially misstated. If we Identfy such material inconsistentles or apparent material misstatements, we are required to deterniine whether this gives rise to a material misstatement in the financial statement5 themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other informatlon, we are required to report that fact. We have nothing to report In this regard. Matters on whlch we are requlred to report by exception We have nothlng to report in respect of the following matters in relation to which the CharTtles (Accounts and Reports) Regulatlons 2￿8 require us to report to you rf, in our oplnion.. Ihe Informatlon given in the trustees, report 15 inconsistent in arry materlal respect with the flnanclal statements- or suffitient accountlng ￿cordS have not been kept; or the financial statements are not in agreement with the accountlng records and retums,. or we have not received all the Infomialion and explanatlons we require for our audit. Responsibllltles of trustee5 As explained more fully in the trustees, responsibilities statement set out on page 7 the trustees are responslble for the preparatlon of the financlal statemen15 and for bein8 Satisfied that they gTve a true and falr vlew, and for such internal control as the trustees determine Is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparlng the financial statements. the trustees are ￿SponsIble for assessing the charity's ability to contSnLte a5 golng concern, dlscloslng, as applicable, matter5 related to going concern and using the goin8 contern basls of accounting unless the trustees either Intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so. Audltorfs responslbllltles for the audlt of the finandal statements We have been appointed as audrtor under section 145 of the Charities Act 2011 and report in accordance wlth the Act and ￿levant regulations made or having effect thereunder. Our oblertives a￿ to obtain reasonable assurance about whether the financlal statements as a whole are free from material misstatement. whether due to fraud or error, and to Issue an audTtorfs ￿P)rt that Includes our oplnion. Reasonable assurance is a hlgh level of assurance, but is not a guarantee that an audit conducted In accordance with ISAS IUKI will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material rf, individually or in the aggregate, they could ￿aSOnablY be expected to influence the economlc decisions of users taken on the basss of these financlal statements. The extent to which our procedures are capable of detecting irre8ulaiities, including fraud is detailed below: al Enquiry of management to identify any instsnce5 of non-complk?n￿ with laws and regulations- checking all statutory submission5 have been submitted on time and are complete induding those for The Charlty Commission bl Enquiry of management wtth regards to actual and potential litigation and daims. li tl Perlormiry8 audii work ry4er the rlsk of management override of Col￿oIs. tncluding testln8 ofioumal errtrles and other odju5trnerrts for appropnatsness. and re￿e￿r* accounting estimates for e¥ydence of management bi dl Rv4fRwln8 discknsures In final￿al 5t3tements andteSt1￿to SVPPOrtiw¥docufflentthon toasse55 ¢(trmptlance wth applkatye law5 and regulatior el Checklng existence and contlnued useof r￿d asgets,. d)tckltYakulatl￿ of dewetlatlon; and checkin8 fair valuation of assets. Because ot the inhelent Ilmltations of an audlt, there 15 a ri5kthat T*e wlll rKJt detecl all irntgttlarlts"es. includlng those leading to a material m15Statement In thefft"nan¢ial staternefFts. or no<¢xnpllance with re8ulatlon. This 115k Increases the rnore that compliance a law or requlation i5 rem0￿rt from the e*nts and tran5artions reflected in the Ilnanclal Statements, as we ¥AII be less Ibketyto betome aware of Inst•n¢e of nonn-pay costs and support costs relatingto those actNities. 15 51RI GURU SINGH SABKAGURDWARA Notestothe Finantial Statements forthe yearended 31 Marth 2025 Governan￿ costs Governance costs include those costsassociated with meeting the Consty"tUt￿nal antl statutory requirementsof the charrty, and include tts audit fees arKI other simitsr costsof the charty includin8 trustee expenses. Tan8lbl• flx4d assets and depredatlon All assets costing rnore than £l.(KKJ are Capital￿ed and at htstorie cost. Fixed a55etsare ststed at cost les5 accurnulated depreciation and any impaiment. Depreciation is provided at the fdjowing annual rates in order wrfte off the cost ￿$5 esty"mated residual value of each asset over Its estimated useful lrfe. Plant, machinery. fixtur￿ and fittin8S 25% on reduclng b&￿nCe Inv•stm•rrt Investment property Is shown at most recent w4ltsatlon. Any movement is alknoted to ts reL4tedfvnd. 2025 2024 DONAnONS AND LEGAOES Donatlons GfftAld 8uilding donatio 242.515 156.104 68,565 467,184 221,194 12,789 688,966 922,949 INVESTMENT INCOME Bank interest Invéstment prgperty rental IrKome 3.588 197,978 201,566 3,162 187.325 190,487 CHARITABLE Acnvmfs Wor5hSp costs Food Donatlons 45329 8.923 39.754 4.302 150 17,363 24,842 8.546 24,199 119,156 34.107 18.57S 10.505 25,298 144.457 Property mainienancè Investment property fee5 Charity runninB tosts 16 SIRI GURU SINGH SABHA fjURDWAR4 Nffjestotht F5nandal Statements forthe year ended 31 Marth 2025 2025 2024 OTHER COSTS Legal and professional costs Auditors remuneration Depreciation Interest 8,380 3.800 3.410 193.739 209,329 3.525 3.483 94,571 101,579 NEfGAINS ON INVESTMENTS Gain on revaluatlon 970,528 10 STAFF COSTS Freelance Iworshlp tt*stsl Wages and salaries Pension costs 21.387 23,706 136 45,229 22,655 17,099 39,754 The average moNhly number0femp1o￿S durlTh8 the yearwas as folkgws.. No tmployee receNestotal employmem beneffts of rrore t￿n E60,OCK) No trustees or ihe mana8lng committee have received any ￿muneration orother beneffts or expenses Irom the char 17 SIRI GURU SINGH SA8HAGURDWARA Note5 to the Finanual Ststemerfs forthe year ended 31 Marth 2015 11 TANGIBLE FIXED ASSETS Freehold Land & buildings Plant & equipment Other Tot•1 cosroR VALUATION At 14)ril 2024 AddFtions Isee below) At 31 March 2025 4.447,469 263.672 4,711,141 73.841 92.829 4.614,139 263,672 4.877,811 73.841 92.829 OEPRECIATION At4D IMPAIRMENTS At l April 2024 Depreciation At 31 Mar¢h 2025 61,804 1,806 63.610 82.138 1.604 83,742 143,942 3,410 147,352 NET 8OOK VALUE At 31 March 2025 At 31 March 2024 4.711.141 4A47.469 10.231 12.037 9,087 10.691 4,730.459 4,470,197 Kitchen equipment Motor vehicles In¥. Property plant & equiprnent Other Total COST OR VALUATtChY At l Apdl 2024 61.294 11,328 20,207 92A29 t 31 March 2025 61,294 11.328 20,207 92A29 DEPREcwnoN AND IMPAIRMEpif5 At l Apdl 2024 DepreclatSoTh At 31 March 2025 53.023 1.241 54.264 11,327 17.788 363 18.151 82,138 1,604 83,742 11,327 BOOK VAWE At 31 March 2024 At 31 March 2025 7,030 8271 2,056 2,419 9,087 10,691 -The historic CO￿ of 30A Cumberknd Road. whefe the p￿sent dayGurdwara ￿ sr(uated was £26.¢XY) when Pufthased in 1976. Thiscost has never been recorded in the finarKkil ststernents of the Gurdwara. -The c05t 01 £4,447.469 on l April 2024 sh¢)wn underthe FreelKJld land and building5 includes amount £196,916 wh￿h represems the land hdd bn Trust forGurdwara by thrèe membersof the congre8ation. It also includes £137.962 for professional fee5. - The addition durin8 the yearof £263,972 aboNE 15 the nN)ney spent on refrJrbishingihe new gurdwara building. It alKJ include5 £72,870 professional fees paid durin8 the year. It is planned that the Gurdwara will move to the the new premi5e5 in 2026. 18 SIRI GURU SINGH SABHA GURDWARA Notes to the Finanoal Ststert*nts ft*th*year ended 31 Marth 2025 12 INVEStMENf PROPERTY VALUATION At l Aprll 2024 Revaluation during theyear At 31 March 2025 3,696.916 3,696.916 The Trustees and the Executfve Committee consider there has not been signlflcant movement In the market value of the InveSt￿nt property based on rental yields. The properties are induded In Ilne with the valuation provided by Haslams Chartered Valuers in 2023. 2025 2024 DEBTORS Gift Aid payment due Amount ou15tandtngfrom tenants 1.646 2585 2.585 1,646 14 CREDITORS.. AMOUNTS FALLING DUE wmiiN ONE YEAR Bank loans and overdrafts (s￿Ured} Tenant deposit & p￿paYmeTht Other creditors 8,092 9,624 17,716 8,092 5,190 13,282 15 CREDITORS: AMOUNTS FALUNG DUE AFTER MORETHAN ONE YEAR Loans frorn con8T4atlon Imembersl Bank loans15ecuredl 1,614,CilO 2,788,000 4,402,000 1,629,CX)O 2,788,(K)o 4,417,000 A sum of £196,Cth) Includes tht bans from th￿e memborsof con8fe88tion for the Land held In Trust ft)r tht Gurdwara. 16 sÈaiRED 8ANK LOANS Repayable within gne year Repayable afteroneyearand withln flveyears 278,800 278AOO 278,800 278.800 Bank ban with Handlesbanken of £2.788,0(Kg is sKured by a le8al charge overthe charity's F￿ehOld Investment Property. The loan is interert onty until AFfil 2028. Loan amortisatign will be8ln after April 2028. 17 SUMMARY OF FUND MOVEMENT General Fund Total Funds Balance at l April 2024 Income Expenditu Net Gains on Investments Balance at 31 Marth 2025 4.488,353 668,750 1353,7861 4.488J53 668,750 1353,7861 4,803.317 4,803.317 19 SIW GURU SINGH SABHAGURDWARA Note5 to the Flnanaal Statements fortheyeareThJed 31 Marth 2025 SUMMARY OF ASSEfs BY FUND General Fund Total Funds Tangible fixed assets Investment Propertv Current Assets LKabilities Amounts falling due in oneyear 80lan￿ at 31 Mar