Docusign Envekjpe ID ¢9FE7lE￿5E4I4824AE6F-l￿89AE308sl REG15TEREDCHARtTY NUMBER.. 279733 GURU NANAK NISHKAM SEWAK JATHA (LONDON) UK ANNUAL REPORT OF THE TRUSTEES & FINANCIAL STATEMENTS 31 MARCH 2024 Docu$lgn Envelope ID.. C9FE71E9-SE414824AE6F-1566S4E30851 CONTENTS Pages Report of the Trustees 3to7 Trustees Responsibilities Statement Report of the Independent Auditors 9t012 Statement of Financbal Activities 13 Balance Sheet 14 Cash flow Statement 15 Notes to the Financial Ststements 16to26 Docusign Envelope10 C9FE71E94E41482*AE6F-15669AE30851 THE TRUSTEES REPORT The trustees present their annual report and financial Pay Pollcy for senlor stsff statements of the charity for the period l April 2023 The trustee5 comprise of the key management until 31 March 2024. The financial statements have personnel of the charity directing and controlling, been prepared in accordance with the accounting running and operating the Charity on a day to day basis. policies set out in note I to the accounts and comply The trustees give their time freely and no trustee with the charity's trust deed. the Charities Act 2011 and receNed Temuneration iwb the year. Accounting and Reporting Charities= Statement of Recommended Practice applicable to charitie5 preparing their accounts in accordance with the Financial Reportin8 Standard applicable in the UK and Republic of Ireland IFRS1021 leffective l January 20191. The pay of staff is reviewed annually and normally increased in accordance with average earnings. Prlnclpal fundlng source The charity's funding comes from (lonations from the public and investment income. REFERENCE AND ADMINISTRATIVE DETAILS Reglstered Charlty number 279733 Reserves pollcv The Present level of fi&nding is adequate for the future activities of the charity and is assessed by the trustee5 on a re8ular basis. Prlnclpal Address GUTU Nanak Nishkam Sewak Jatha London UK. 142 Martindale Road, Hounslow. TW4 7HQ OBJECTIVES AND AcrivtriES Trustees Mr. Sarup Singh Mahon Mr. Sukhbir Singh Bimrah Mr. Bhagirath Sin8h Mr. Gurmit Singh Lall Mr. Kuldip Singh Rooprai Objectives and alms The Charity's objertNes and regulations are regulated by it5 Constitution document dated 13 March 1980 and as amended on the 17th February 1984. It is established for the propagation and advancement of the Sikh religion based upon the teachin8s of the ten Gurus and Sri Guru Granth Sahib Ji and for the relief of poverty. Audltors BSN Chartered Accountants 3B Swallowfield Courtyard Wolverhampton Road Oldbury West Midlands B69 2JG Publlc benefft GNNSJ carries out a wide ran8e of activities to achieve the require(i charitable objectives. The array of artivities provide benefit for both those who attend the Gurudwara and Benerally for the wider community at large. Benefrts ran8e from a spiritual uplift through initiation and nurturing of Sikh practitioners; capacity building of individuals, familie5 and communities with values based education. STRucfuRE, GOVERNANCE AND MANAGEMENT GovernSn8 document The charity is controlled by its governing document, deed of trust, and constiluies a charitable trust. ACHIEVEMENT AND PERFORMANCE FINANCIAL REVIEW Rlsk m4nagement The Trustees actively review the major risks which the Charity faces on a regular basis and believe that Financial review maintaining reserves at current levels, combined with The Statement of Financial Activities show5 totsl an annual review of the controls over key financial income of £607.994 and expenses of £414,838 systems. will provide sufficient resources in the event of 8enerotin8 a net income of £193,156. The Balance adverse conditions. The Trustees have also examined Sheet shows total funds of £6.847.361. other operating and business risk5 faced by the Charity and confirm that they have established systems to mitigate risks. Trustees and prlndpal offlcers The charity has a Supreme Council of fNe trustees one of whom is approved as the Chairman. Docu5pJn Envelope ID.. C9FE71 E9ffjE4l48244E6F-l566￿E3O851 THE TRUSTEES REPORT ACHIEVEMENT AND PERFORMANCE FINANCIALREVIEW ICONTINUEDI Investment poliry and objectives The Charity's principle objective is to uplift humanity through the practice of faith values within the context of shared responsibility. selflessne55, love, forgiveness. altruism and compassion. The Trust's investment policy 15 to defray the income gained from donations and its investment portfolio to support the community. At the balance sheet date the Trust'5 investment portfolio has a market value of £4,103,500 and generated income of £127,593. The funds raised are expected to achieve the objectives of the Charity. Development activltv GNNSJ London's vision 15 to redevelop the existing facilities which provide for a site capable of further benefitting neighbouring and wider communities. Given the size and complexity of the project, it could take several years to achieve plannin8 permission and further construct the new slte. Fundralslng No fundTa15in8 events or attivities took place in the vear. Golng concern The accounts have been prepared pn the basis of bein8 going concern. The Trustees confirm that they have taken into accoL¢nt all available information about the future for at least 12 months from the date of the accounts were approved and conclude there is no uncertainty relatin8 to Boin8 concem. Docusign Envelope ID C9FE71E9-5E4148244E6F-15669AE30B51 GNNSJ London- Falth Based Artivlty Guru Nanak Nishkam Sewak Jatha ILondonl UK Paaths. In addition to these services, the community GNNSJ is a faith led 'not for profit, benevolent participates within Simran (chanting of God's namel, organisation. It is dedicated to practicin8 and Nitnem IS morning prayers), Rehras (evening prayer) promoting Nishkam Iselflessl seryice in the name and Kirtan lsinging of hymns) on a daily basis. There was of Guru Nanak Dev Ji 11469 15391. the founder of also an Akhand Jaap with all day Kirtan and Nitnem Jaap the Sikh Dharam. The word Dharam is reflective of with an all day reading of the 5 morning prayers. religion/faith but also encompasses Sikh's wider Sense of obligation and duty in their way Funerals:. There was 7 Funerals that took place during of life and their actions towards others and all ol the year. The Gurudwara also offered the service for God's creation. dispersal of cremation ashes. GNNSJ'S mission ￿ the propagation. practice and Langar.. A vegetarian me31 at no cost from the Guru's advancement of the Sikh Dharam based on teachings kitchen is available 24 hours a day to any devotee or ofthe ten Gurus and Guru Granthsahib Ji. the visitor irrespectNe of their caste, colour or creed. eternal Guru and sacred scripture of the Sikhs. Around s,2￿ meals are served per week. With engagement over 30 years in spiritual development and enrichment from London, GNNSJ Teachinz of Scriptures and Kirtan. Sacred music IKiTtanl continues steadfast in its endeavours to propagate clas5e5. In the year there were Gurmat school classes faith values. with 80 students. kirtan classes with 25 students, weekly and fortnightly tabla classes with 12 students. How our artlvltles dellver publlc benefit Gurpurab and Valsakhl Paaihs Prayers were held GNNSJ carries out a wide range of activities in throughout the period to celebrate the births of the Sikh pursuance its charitable objedives. The array Gurus and the birth of the Khalsa fraternity. of activities provide benefit both lor those who attend the Gurudwara and the wider community at Annual Paaths were also held at GNNSI London to large. 8enefits range from spiritual uplift thTOU8h commemorate the anniversaries of GNNSI'S founder nurturin8 of Sikh practitioners: capacity building of Saint, Sant Baba Puran Singh li IBaba Jil, as well as Baba individuals, families and communities with Ji's successor. Bhai Sahib Bhai Noran8 Singh Ji. Photos values through the re8ular practice of voluntary service from the seThice are included within this report. and collective worship. avll socSety support of SWAT (Sikh Welfare Awareness Society), contribution to making Langar on a weekly basis to support the serving of over 2,000 free meals for the homeless across Greater London. Visits from local MPS and councillors as well as the local Police to build community relations. Donations of food for charitable fund raiser events held by local school5. Partlclpatlon and En8aiement The Sikh Gurudwara (Sikh plate of worship) in Hounslow, Greater London is at the heart of the London based latha's activities and aims. promotes spiritual and physical reBeneration through the promotion and propagation of the Sikh Oharam Ireligionl. Community support through Spiritual and family 8uidance,' local council advi50ry service5,' financial advice Prayer seNites.' These promote spiritual well-bein8 for the vulnerable,. school admissions sUPPOrt,' aSSlSting and ultimately improve the quality of life for police vislts to deal with local issues and community devotees and the widei community, they are advice as well as supporting wellbebn8 through Yoga provided on a non-stop basis thTouBhout the classes. In the current year, GNNSJ also assisted in period. This may be through Akhand Paath Sehaj providin8 additional food for those in need due to covid. Paath5 Simran (chanting of God'5 namel and Kirtan (singing of hymns) on a daity basis. Falth Practlce and propagation Prayer services: These promote Spiritual well-being and ultimately improve the quality of life for devotees and the wider commLtnity. During the year there have been 20 Akhand Paaths, 42 Sehaj P8aths, 110 Sukhmani Sahib Docusign Envelope ID.. C9FE71E9-SE41482*AE6F-15669AE30851 Snapshot of activities in key events. preparation of langar and community engagement The Proposed Development Plans DocuskJn Envelope ID.. CgFE71Eg4E41482UE6F-15669AE30851 GNNSJ London - Vision GNNSJ London was established on the 13th March 1980 and has grown from serving the local Sikh faith to supporting 3 large and flourishing community, which undertakes extensive local charitable work. On a weekly basis the Gurudwara currently serves approximately 5,200 congregation members. In order to accommodate the growing congregation the base grew from a single residential property to a multitude of adjoining Struttures. The athievements of NSWL through the on-going and ever-strengthening partnerships with parents. volunteers and the local community ensured that the school succeeded even when it was housed in temporary site (September 2013 July 20181 for longer than anticipated. Dedicated volunteers adapted the internal and external space to ensure that the 350 students had the best possible facilities available to them. Without this immense contribution from the local community and volunteers. and the understanding and patience of parents and staff, it would have been impossible to remain at the temporary site without depleting school resources on basic building works alone. It is proposed to demolish and completety redevelop the Gurudwara with a design keeping in with traditional Sikh architecture. This will provide a state- of-the art, purpose-built facility serving the needs of the local community. It is also proposed to create a large underground carpark as part of the development to alleviate parkin8 pressures on neighbourinB streets. Before the school moved to the new site in Osterley. in September 2018, a large volunteer effort to clean and landscape the site perimeter took place. The estimated cost of this volunteer effort surpassed £25,000. GNNSJ London's vision is to redevelop the existing facilities which provide for a site capable of further benefitting neighboring and wider communities. Given the size and complexity of the project, it could take several year5 to achieve planning permission and further construct the new site. NSWL is fast becoming an integral part of the local community. providing high standard educational opportunities for local children and employment opportunities for local resident5. It also provide5 Space for several or8anisations including community gfOUPS to use the facilities out of hours. These facilities would seek to offer sustainability, have multi-functional usage and belit the needs of an ever Nishkam SWAT (Sikh Welfare & Awareness 8rowln8 community The proposed development Team) is a charitable or8ani5ation based in West would seek to continue to provide the following London. It was founded in 2￿8, when it opened its services to the local community- youth club which offered regular workshops on substance abuse awareness, informal talks on the Sikh and other faiths, and group discussions and debates on current issues. allowing chIld￿n and youth to open up about the problems they face such as gang cijlture, druB addiction and alcohol abuse. In 2009 the Nishkam SWAT Homeless Project was established amidst the growinB concerns for the ever increasing homeless population in and around London. Volunteers would spend their evenings prepar4n8 food and servin8 It across the city. A primary tollaboration for this Period has been the cookin8 of ITr) meals every Monday at the Gurudwara for those who are homele5S. Prayer Selfless Service I Volunteerin8 Langar Wedding ceremonies/Funerals Supplementary Education Health & Wellbeing Childcare. Vouth & Family Support Elderly Care Advise & Guidance Services Councilors Clinics The Nishkam School West London is an Ofsted 'Outstanding' school that was completed in This equates to just over 5000 hot meals. The Zero July 2018 and is operating under the Government Hun8er with Nishkam Langar 15 an innovative approach free school programme as a separate entity. Through to achieving the UN goal of zero hunger. The project is the redevelopment of the once derelict site in based in Malawi. East Africa. and provides local children Osterley, and the construction of the brand new state free food at school, which in turn provides children with of the art 'all throuBh' school buildin& the area an incentive to attend and gain an education which will previously associated with illegal dumping and support theTn throughout their lives. The initiative travellers. has been transformed. More recently the works on a self-su5tainin8 program where local work undertaken by NSWL, in conjunction with communities are not only provided free meals. they are also provbded with land, machinery and training to another local secondary school and the k)cal rugby become self-reliant. Currently Zero Hunger with club, is due to be submitted for a National PlanninB Partnership Award. highlighting the great work Nishkam LanBar served I￿,000 mea15 a month, and is undertaken by national bodie5, local councils and on target to seThe in excess of I million meals per year. voluntary organisations. Do¢u5ign Fnvebpe ID. C9FE71E9-SE414824-AE6F_1568A4E30851 Guru Nanak Nishkam Sewak Jatha (London) UK Trustses, Annual Report (conotnuedj Year ended 31 March 2024 Flnancial rgviow Trustees. responslblllties statement The trustees are responsible for preparing the tnjstees. report and the financial statements in accordance with applicable law and United Kingdom AC￿￿ntIng Standards Iunited Kingdom Generally kcepted Accounbng Prath"cel. The law appli¢able lo ¢hanlies in England and Wales requires the charity trustees lo prepare financial ststements for each year which give a true and lair view of the slate of affairs of the charity and of the incoming resources and application of resources. of the charity for that period. In preparing these finan¢ial $latements, the trustees are required to.. select Suitable accounting policies and then appty them consislentty,. observe the methods and principles in the applicable Charitses SORP.. make judgments and accounting estimates that are reasonable and prudent.. stale whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial $laten*nts- prepare the financial staterrénts on the going concem basis unless it is inappropriate lo presume that the charity will Continue in business. The trustees are re$pon$ibb for keeping adequate accounting records that are sufficient lo show and explain the ¢harity'$ transa¢lion$ and disclose with reasonable accuracy al any lime the financial po$ilion of the ¢harity and enable them lo ensure that the financial stslemenls cornp￿ with the Charities Ael 2011, the appli¢able Charrties (Accounts and Reportsl Regulations, and the provisions of the Trust Oeed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregulanlies. 30 OdobeT 2024 The trustees, annual ￿pOrt wa$ approved on .............................. and signed on behalf of the board of trustees by.. *n14W. 5021173C¢CC54 Mr Sarup Singh Mahon Trustee Docusign Envèlcpe ID.. c9FE7lE￿E414824-AE6F-l￿6gAE3D8Sl Guru Nanak Nishkam Sewak Jatha (London) UK Independent Auditor's Report to the Members of Guru Nanak Nishkam Sewak Jatha (London) UK Year ended 31 March 2024 Opinion We have audited the financial ststemenls of Guru Nanak Nishkam Sewak Jatha ILondonl UK Ilhe 'charity'l for the year ended 31 March 2024 which comprise the statement of financial aclivilies. statement of financial position, slalement of cash fk)ws and the related notes, including a summary of significant accounting policies. The financial reporting framewoth that has been applied in their preparation is applicable law and Unrted lQngdom Accounting Standards, including FRS 102 The Financial Reporting Standard applicab￿ in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practs'cel. In our opinion the finanaal S￿te￿￿nts- give a true and fair view of the state of the ¢harity's affairs as at 31 March 2024 and of ils incoming resources and applieth.on of ￿SourCes, In￿ding rt$ income and expendrture. for the year then ended., have been property prfrpar￿ in ac¢ordanc8 with United Kingdom Generally Accepted Accounting Practice", have been prepared in accordance wrth the requiremgnts of the Chariti8s Act 2011. 8a818 for oplnlon We conducted our audrt in accordance with Inlemational Standards on Auditing IUKI IISAS IUKII and applicable law. Our responsibilities under those standards are further described in the auditorfs respon51bililEs for the audit of the financial statements sects.on of our report. We are independent of the ¢harity in a¢¢ordance with the ethi¢al requirements Ihat are relevant to our audit of the financial slatemenls in the UK, in¢luding the FRC'$ Elh&i1 Standard. and we have fvlfilled our other ethi¢al responsibilil¢e$ in ac¢ordan¢e with these requirements. We believe that the audtt evidence we have obtained is sufficient and appropriate lo provKle a basis for our opinion. Con¢lu$lon• r•latlng to golng ¢on¢om In auditing the financial slatemenls, we have ¢on¢luded that the twstees. use of the going concern basis of arxounling in the preparation of the financial ststements is appropriate. 8ase¢J on the work we have perfomed, we have not idenbfied any material un¢ertainties relating lo events or ¢ondilions that. individualty or ¢ollectivety, may ca51 signtficanl doubl on the charity's ability lo continue a$ a going concern for a perkxl of at least ￿efve months from when the financial stslemenls are aLtlhofised foi issue. Our responsibilities and the responsibilrties of the tw$tee$ wilh ￿SPect to going ¢on¢ern are described in the relevant sections of this ￿port. Docusign Envekipe ID". C9FE7lE9-5E414824-AE6F-1￿9AE3D8sl Guru Nanak Nishkam Sewak Jatha {London) UK Independent Auditorfs Report to the Members of Guru Nanak Nishkam Sewak Jatha (London) UK (ct>nllnued) Year ended 31 March 2024 Olher infomiation The other inf0m￿li0￿ comprises the infomialion included in the annual report, other than the financial statements and our auditor's report Ihereon. The trustees are responsible for the other information. Our opinion on the financial statements does not ￿Ver the other infomiation and, except to the extent otherwise explicilty staled in our report, we do not express any fom of assurance conclusion Ihereon. In connection with our audrt of the financial slalernents. our responsibility is to read the other information and, in doing so, consider whether the olher informats'on is materially inconsislenl with the financial slalements or our knowledge obtained in Ihe audit or otherwise appears lo be materially misstated. If we identify such material inconsisleneies or apparent material rnisslatements. we are required lo determine whether there is a material misslalement in the financial statements or a material misslatemenl of the other information. If, based on the work we have performed. we conclude that there is a material misstatement of this other infomwb'on, we are reqUi￿¢j to report that fact. We have nothing to report in this regard. Mattgr8 on which w• are requlrod to report by exc•ptlon In the light of the knowledge and understanding of the charity and its environff*nl obtained in the course of Ihe audit, we have not idenlffied material misststements in the Iruslees, rep)rt. We have nothing to rnport in respect of the folk)wing matters in relalK>n to which the Charities Act 2011 requires us lo report lo you rf. in OUT opinion.. the informats'on given in the trustees, report is inconsislent in any material respe¢l with the financial stalemenls.. or adequate accounting records have not been kept., or the financial slalements are not in agreement wth the accountsng records and returns,. or we have not received all the Info￿natIon and explanations we require for our audit. R¢$pon$lbllltie$ of t￿¥t*￿S As explained more fulty in the trustees. responsibilities stslemenl. the trustees are responsible for the preparation of the financial 51alemenls and for being satssf￿d that they give a true and fair view, and for sueh internal control as the Iruslees determine is necessary to enable the preparalh)n of financial Slalements that are free from material misstslemen( whether due lo fraud or error. In preparing the financial slatemenls, the trustees are responsibte for assessing the ¢haTity's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend lo liquidate the charity or to Cease operation5, or have no realist￿ alternatNe bul to do so. 10 DocL6YJn EnYek)pe ID. c9FE7fjE￿E4l4824AE6F_1ses9AE308sI Guru Nanak Nishkam Sewak Jatha (London) UK Independent Auditor's Report to the Members of Guru Nanak Nishkam Sewak Jatha (London) UK (conllnuvdj Year ended 31 March 2024 Auditorfs responsibilitigs for th? audit of the financial stalements Our objectives are lo obtain reasonable assurance about whether the financial statements as a whole are free from material misstslemenl, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit condueled in accordance with ISAS (UK) will a￿ayS delecl a material misslalemenl when rt exists. Misslalemenls can arise from fraud or error and are considered material if, individually or in the aggregate, they couky reasonabty be expected lo influence the economic decisions of users taken on the basis of these financial slalemenls. Irregularities, including fraud, are instances of non*ompliance with laws and regulations. We design procedures in line with our responsibilities, outlined alK*ve, to delect material mis5tatemenls in respect of irregularibes. including fraud. The extenl lo which our procedures are capabLg of delecling irregularities, including fraud is detailed bebw.. Irregularities that result from fraud might be inhefenuy mre drfficutt than irregularities that result from error, which gives risk to a risk of material misstatemenl. We are of the opinion that the planned audit approach, the d¢xumenlation and interrogation of the entity's Controls means that the audrf( procedures carried out were Capab￿ of detecting irregularities, including fraud. We have also reviewed financial statement disclosures and lesled these lo supporting documentation lo asses$ compliance with applicable laws and regulations. We have audited the risk of management override of controls, including through lesling journal entries and other adjustments for appropriateness, and evaluating the business rationale of signif￿ant transactions outside the nomial Course of business. We have also made enquiries of entity staff in tax and compliance lunctions lo ider*lfy any Inslan¢e$ of non compliance with laws and regulalsons. As part of an audit in accordance wlh ISAS IUKI. we exercise professional judgment and maintain professional sceplicism throughout the audit. We also". Identify and asse83 the risks of material misstatement of the financial gtstements, whether due to fraud or error, desi9n and perfomi audrt procedures responsrve lo those risks, and obtain audit evidence that is sufficient and appropriate to provide a basi$ for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one ￿SuItIng from error, as fraud may invofve collusKJn, forgery. intenlronal omi$$ion$, misrepresentations, or the override of inlemal control. Obtsin an understanding of inlemal control relevant lo the audit in order lo design audit procedures that afe appropriale in the circurnslances, but not for the purpose of expressing an opinion on the effeelivene$$ of the internal conlrd. Evaluate the appropriateness of accounting policies used and Ihe reasonableness of accounting estimates and related disclosures made by the trustees. Conclude on the appropriateness of the trustees, use of the going concem basis of accounting and, based on the audit evidence obtained. whether a matenal uncertainty exists related lo events or conditions that may east significant doubt on the charity's ability lo continue as a goin9 concern. If we conclude that a material uncertainty exists, we are required lo draw attention in our auditorfs report to the related disck)sure5 in the financial slalemenls or, if such disclosures are inadequate, to modify our opinion. Our condusions are based on the audit evidence obtained up to the date of our auditors report. However, fvlure events or conditions may cause the charity to Cease to continue as a going concem. 11 Docusign Enveh)p8 10.. c9FEFlE￿5E4l4824-ME6F-15669AE3Q8sl Guru Nanak Nishkam Sewak Jatha (London) UK Independent Auditor's Report to the Members of Guru Nanak Nishkam Sewak Jatha (London) UK(conllnued) Year ended 31 March 2024 Evaluate the overall presentskn"on. structure and content of the finan¢ial $tatement$, including the disclosures, and whether the financial slalements represent the underlying tran$actions and events in a manner that achieves lair presentation. We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and signifieanl audit findings, including any significant defi'ciencies in internal control that we identify during our audit. Use of our report This report is made solety to the charity's members, as a body, in accordance with section 144 of the Charities Act 2011 and iegulalions made under section 154 of that Act. Our audit work has been undertaken so that we might stale lo the charrty's members those matters we are required lo state to them in an auditor's report and for no olhef purpose. To the fullest exlenl permitted by law, we do not accept or assume responsibility lo anyone other than the charity and the charity's members as a body. for our audit work, for th￿ ieporL or for the opinions we have fomied. I&sN L_ Hannah Justice FCA FCCA (Senior Statutory Auditor) For and on behalf of BSN Associates Limited Chartered accoLbntants & ststutory auditor 3B Swallowfield Courtyard Wofverhamplon Road Oldbury West Midlands B69 2JG 30 Ocknbtr IoL4 12 Docusign Envelope ID.. C9FE71Eg-sE414824-AE6F-1￿9AE308sl Guru Nanak Nishkam Sewak Jatha (London) UK Ststsment of Financial Activities Year ended 31 March 2024 2024 Restricted funds Total fvnds Total funds 2023 Unrestricted funds Note Ineome and endowments Donations and legacies Investment income 443,535 127,593 36,866 480,401 127,593 411,744 101,030 Total Income 571,128 36,866 607,994 512,774 Expendituro Expenditure on raising fvnd$'. Investment managernent costs Expenditure on charitable actsvitses Total 8xpendltur• 3.086 411.752 3,086 411.752 3,087 256,865 414,838 414.838 259,952 Ngt Incomo and not mov8moDt ID fund8 156,290 36.866 193.156 252,822 Roconclllatlon of funds Total funds brought forward Total funds carrled lorward 8.194.155 6.350.445 460.050 6,654.20S 6,847.361 6.401,383 6,654,205 496.916 The statement of financial aclivrties includes all gains and losses recognised in the year. All income and expenditure derive from ¢onlinuing activit￿. The notes on pages 10 to 20 fonn part of these financial Statements. 13 Docusign Enveknpe ID.. C9FE71E9-5E41-4824-AE6F-1W9AE31)851 Guru Nanak Nishkam Sewak Jatha (London) UK Statement of Financial Position 31 March 2024 2024 2023 (Restst¢d) Note Fixed assets Tangible fixed assets Investments 15 850,906 16 4,103,500 4,954,406 826,912 4.103,500 4.930,412 Current assets Debtor$ Cash at bank and in hand 17 36,192 2,040.832 22,413 1,753,999 2,077,024 1,776,412 Credltor8.' amounts falllng due wfthln on• y¢•r Net current assets 18 184,069 52,619 1,892,955 6,847,361 1,723,793 Total assots less currnnt Ilabllltles 6,654,205 Not assèts 6.847,361 6,654,205 Funds of the charlty Restricted funds Unrestricted funds.. Revaluation reserv8 Other unreslricled income funds 496,916 460,050 1.379,099 4.971,346 1,379,099 4,815.056 Totsl unrestrlcted fund• 6.350,445 6,194,155 Totsl ¢harfty funds 21 6.847,361 6,654,205 These financial statements were approved by the boafd of trusleas and aulhorised for issue on .?.J..Q.AQhQl.aP.¥4 and are signed on behalf of the board by.. 15eBDF&5F1•B4FE. Mr Bhagirath Singh Trustee The notes on pages 10 to 20 form part of Ilnanclal statemènts. 14 Docusign Envelope ID.. C9FElIE9-5E414824-AE6F-1566￿308s1 Guru Nanak Nishkam Sewak Jatha (London) UK Statement of Cash Flows Year ended 31 March 2024 2024 2023 (restalo Cash flows from operatlng activities Nel income 193,1&8 252,822 Adjuslmgnts for.. Depreciation of tangible fixed assets Dividends, interest and rents from investments Other interest receivable and similar income 24,886 (101,347} 126,246} 19,271 197,3501 13,6801 Changes in.. Trade and other debtors Trade and other creditors 113,7791 131,450 208.120 579 14,2671 167,375 Cash generated from operations Interest received 26.246 3,680 Net cash from operating activities 234.366 171,055 Cash flows from investlng actlYStle• Dividends. Interest and rents from investments Purchase of tangible assels Nel ¢a$h from investing a¢livffj'es 101,347 148,8801 52,467 97,350 119,7981 77.552 Net IncTeaso In cuh and cash •qulvalont8 Cash and cash •qulval•nt• at beglnnlng of y•ar Cash and cash oqulvalonts at ond ofyear 286,833 1,753,999 2,040,832 248,607 1,505,392 1,753,999 The notes on pages 10 to 20 form part ofthese financial statsments. 15 Docu51gn Envebpe ID". C9FE71E9-5E414824-AE6F-l￿gAE308sl Guru Nanak Nishkam Sewak Jatha (London) UK Notes to the Financial Statements Year ended 31 March 2024 General inforniation The charity is a public benefit entity and a registered Charity in England and Wale5 and 15 unincorporated. The aiklress of the principal Offi￿ is 142 Martindale Road, Hounslow, TW4 7HQ. Statement of compliance These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland,, the Statement of Recommended Practice applicable lo charities preparing their a¢¢ounts in ac¢ordan¢e with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (Chanties SORP IFRS 10211 and the charit￿S Act 2011. Accountlng polltS Ba818 of prepar•tlon The financial statements have been prepared on the historical cost basis. as modified by the revaluation of certain financial assets and &"abilits"es and investrnent properties measured at fair value through income or expendriure. The financial statements are prepa￿d in stefh'ng, which is the fvnctional currency of the entity. Golng concem There are no material uncertaint￿5 about the charty'$ abilty to continue. Dl•cloiure oxomptlon• The entity holds no s￿n￿leant financ￿1 in$lruments other Ihars cash, debtors and creditors and therefore no disclosure in relation to financial inslrumenls ha$ been included. Judgement• and key lources ol 88tlmallon unc•rtalnty The Preparation of the financial stalemenls requires management lo make judgements. eslimales and assumptions that affect the amounts reported. These estimates and judgement5 are conlinvally reviewed and are based on experience and other factors, including expectations of fvtUTe events that are believed to be reasonable un¢Jer tho circumstances. Income tax Th8 chanty is exempt from tax on ils charitable xtivities. Fund accountlng Unreslricled funds are av8ilable for use * the discretion of the trustees to further any of the charity's purposes. Restricted funds are subjected to re5trbctions on their expenditure declared by the donor or through the temis of an appeal, and fall into one of tsvo sub