Sikh Sangat London East
FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025
SIKH SANGAT LONDON EAST
CONTENTS
For The Year Ended 30 April 2025
| Page | ||
|---|---|---|
| 1. | Executive Committee Report | 1-2 |
| 2. | Independent Examiner Report | 3-4 |
| 3. | Financial Activities | 5-6 |
| 4. | Statement of Financial Position | 7 |
| 5. | Approval of Financial Statements | 8 |
SIKH SANGAT LONDON EAST
EXECUTIVE COMMITTEE REPORT
FOR THE YEAR ENDED 30 APRIL 2025
REPORT OF THE TREASURER
I am pleased to present the Treasurer’s report for the period ending 30 April 2025. This report sets out the financial position, the issues facing the organization and its long-term stability and growth.
Financial summary (previous financial year figures in brackets)
Our total income for the year is £88,471.78 (2024 - £102,169). Our total expenditure is £58,546.37 (2024 - £94,247). This results in a net Surplus for the year of £35,700.63 (2024 – surplus of £9,134).
Income
Donation income received during the year was £51,155.78 (2024 - £65,253.42). Golak donations were £19,799(2024 - £23,010). The majority of Langar and Prashad donations received during the year have been reported in Receipted donations £1,273 (2024 – £625). Kirtan Bheta is reported in Receipted Donations. Rental Income for 65/67 Francis Road increased in the year to £36,816 (2024 - £31,707).
Expenditure
Staff costs were £25,643.34 (2024 - £36151.09. Property costs decreased to £506.96 (2023 - £2,239). Sangat and Community Welfare decreased to £3,687.21 (£3,808). Interest Income increased significantly to £2,262.27 (2024 - £1,212).
Assets & Liabilities
In relation to Assets, the total assets of the Sikh Sangat London East, increased during the period to £154,246.21 (2024 - £115,450). Loans to staff were £633.19 (2024 - £3,293). Accrued Income was 0 (2024 - £4,697). Payroll liabilities were -£-389.05 (2024 - -£650)
Acknowledgements, Contributions and Sources of Funds
The time and effort contributed by our Sangat and volunteers is an invaluable and unaccountable source of support which cannot be easily quantified. The donations are of course much needed, and coupled with the above, this makes the Sikh Sangat London East representative of our community in Britain.
The contributions include professional expertise where members work in a voluntary capacity for the Sikh Sangat London East and share their experiences and community perspectives. We were also fortunate to have several volunteers who have provided valuable support to the gurdwara at times of need.
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SIKH SANGAT LONDON EAST
EXECUTIVE COMMITTEE REPORT
FOR THE YEAR ENDED 30 APRIL 2025
REPORT OF THE TREASURER (continued)
The Sikh Sangat London East Constitution requires the Treasurer on behalf of the Executive Committee to prepare financial statements.
The Treasurer is responsible for preparing the financial statements and has followed best practice in preparing them.
The Executive Committee is responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the organisation and following best practice enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the organisation and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Independent Examiner
An independent examination was carried out by Mr Taranvir Singh
This report was approved by the Executive Committee on 19/02/2026
Signed on behalf of the board of Executive Committee,
Varjodh Johal Treasurer
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SIKH SANGAT LONDON EAST
INDEPENDENT EXAMINER REPORT
FOR THE YEAR ENDED 30 APRIL 2025
Opinion
I report on my examination of the accounts for the year ended 30[th] April 2025, Charity no. 278097.
Respective responsibilities of the Trustees and Independent Examiner
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As trustees of the charity, the members of the Gurdwara, Sikh Sangat London East are responsible for the preparation of the accounts. They consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.
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select suitable accounting policies and apply them consistently.
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examine the accounts under section 145 of the 2011 Act;
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follow the procedures laid down in the General Directions given by the Charity Commissioners section 145(5)(b) of the 2011 Act; and
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make judgements and estimates that are reasonable and prudent
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state whether particular matters have come to my attention.
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation
The trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Each of the trustees confirms that:
So far as that trustee is aware, there is no relevant audit information of which the Gurdwara, Sikh Sangat London East auditor is unaware.
The trustee has taken all the steps that they ought to have taken in order to make themselves aware of any relevant audit information and to establish that the auditors are aware of that information.
Basis of Independent Examiner’s Statement
My examination was carried out in accordance with the General Directions given by the Charity Commission.
An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from the management committee concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in a full audit, and consequently I do not express an audit opinion on the accounts.
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SIKH SANGAT LONDON EAST
INDEPENDENT EXAMINER REPORT
FOR THE YEAR ENDED 30 APRIL 2025
Independent Examiner's Statement
I report on the accounts for the year ended 30[th] April 2025, Charity no. 278097
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect:
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the accounting records were not kept in accordance with section 130 of the Charities Act; or
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the accounts did not accord with the accounting records; or
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the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair’ view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Taranvir Singh Independent Examiner 19/02/2026
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SIKH SANGAT LONDON EAST
STATEMENT OF FINANCIAL ACTIVITIES (Incorporating income and expenditure account)
FOR THE YEAR ENDED 30 APRIL 2025
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SIKH SANGAT LONDON EAST
STATEMENT OF FINANCIAL ACTIVITIES (Incorporating income and expenditure account)
FOR THE YEAR ENDED 30 APRIL 2025
These financial statements were approved by the Executive Committee and authorized for issue on 19/02/2026.
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SIKH SANGAT LONDON EAST STATEMENT OF FINANCIAL POSITION
(Incorporating income and expenditure account)
FOR THE YEAR ENDED 30 APRIL 2025
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SIKH SANGAT LONDON EAST
APPROVAL OF FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2025
As requested by the Executive Board of Sikh Sangat London East, I have conducted an independent review for the financial year 2024 - 2025. The accounts were prepared by Mr Varjodh Johal. During the Independent review, no irregularities were detected.
Accounts reviewed by
Taranvir Singh Independent Examiner
Accounts prepared by
Varjodh Singh Johal Treasurer
Board representative
Herman Singh Johal President
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