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urdw3ra Sahib Woolwich Iwoolwich Slkh Temple) Reg151ered Charity no 280961 Flnanclal Statements For the ear ended 31 March 2024 Contents Page Trustees Report Report of Indeperident Examiner 7-8 Statement of Financial Activities Balance Sheet io Notes To the Accoullts 11-12 Income and Expenditure Accounts 13 President Mr Gurmukh Singh Mann Treasurer Mr Tarlochan Singh Vaid Chailty No 280961 Charlly Address I CalderwoDd Street Woolwich London, SE18 6QW Independent Examiners HNS PARTNERSHIP. 66-68 Slnglewell Road Gravesend DAII 7PW Bankers 8arclays Bank PIC Woolwich Branch 8-9 Viilory Parade Plumstead Road Woolwich London, SE18 6FL
Gurdwara sahib Woolwich Iwoolwlch Sikh Temple) Registered Charity no 280961 Trustees, Report The Trustees preserTrt thelr arlnual report together with the financial statements for the year @nded 31 March 2025. These have been prÈp3red In actordance with the accountlng policies sei out on page 7 and comply with the Charlws Eovernlng documents and 2pplicable UK13W Achievements l. Leadershlp Transitlon.. Mr. Gurmukh Singh Mann assumed the role of President IDllowing the ietirernent of Sardar Nirmal Singh Kaily, who selflessly served for 18 years. While errorts we¥e made to form a consensus-based comrnittee and avoid electlons, the decision was ultimately made to proceed with an election in which Mr. Mann wa5 elected. 2. StaffSng Changes. The previous Klrtani latha departed wilhout prior notice, creating operational challenges. Temporary arrangements were made promptly, and a new Jatha has since been appointed. Or]e member is currEE)tly awaitlng arrlv21 to commence duties. 3. Buildlng Malntenance,. Flat 4A, an investment propeFty, developed mould issues and was fully renovated wllhln a Few months. 4. January was notably challenging due to an unexpected incre3se in bereavernent services, exacerbated by staff shortages 5. The Gurdwara successfully sponsored several commLtnity programs, Including Nagar Kirtan, Sports Dayi Ladies, seaslde trips, Sikhy Camp, Punlabi classes, and student outing5. Governlng Instrurnent.. The Charity opeiatES a Constitution originally adopted on 25 Nowember 1979 and amended on subsequent d3te5130 August 1980, 17 April 1982, 24 September 2000, and 10 October 2007. Constitution Objects and Policies The Chayity is established.. To advance the Sikh Religion and provide the facilities for the religlous worshSp and ceremonles. To provlde the facilities in in the interest of so(lal wplfare recreation and leisure-tirne occupatlon with the oblECt of improvlng the condltlons of life of the benefici3rle5. To advance education.. lal by provision of library in the lo¥m of books on religlon, rellgious-historical and prL¥Bres5ive 5Dclal litÈrature in Punlabi. Hindi and Engllsh languages, Ibl by the provlsion of facilities of teaching English and Punlabl.
Development, Actlvities and Achlevements The Charlty reported a net surplus of £79.432 (compared to a deficit of £49,185 in 2D241. Trustees are satisfled with thls year's financial outcome, made possible through voluntary contributions from the 5angat. The gurdwara would not be able to provide such & wide service to all the members and worshipei's without continuÈd support of many willing supportive people who give their service vDluntarily. Despite the pre5sure5, the trustees are Confident with the ongoing support from the 5angat, and It Is apprapriate to adopt the going concern in prepafin8 the accounts as was applied in previous years. The cash and bank reserves of £770.222 on 31 March 2025 Indicates that there arÈ no-material rlsks to the Charities ability to operate as a goinE concern. The trustees have confirmed that. after careful revlew of the reserves pollty. the most appropriate measure of reserves for the reserves of the Charity is by reference to the chèfities Ilquldity position. In consldpring th@ adequacy of the reserves, the Trustees have taken largely discretlonary nature of its expenditure into account and relativelv stable level of annual donations were retrived. Under FRS 102 paragraph 24.5E a grant that becomes receivable as compensation lor expenses or 1055es alreddy incurred or lor the purpose tsf giving immediate financial support to the entlty with no future related cost5 shall be considered a5 incomE in the period it becomes receivable, Trustees.. Appointment of trustees Is governed by thp Constltution of the Gurdwara Sahib Woolwich. The constitution allow5 for the election of Ihe Presldent only and ho then appoints his own 'Exe¢utive Commillee. The Management of Charlt¥ 15 rested in the hands of selected 'Execuiive Committe&'. The Executlve Commlttee ha5 a tenure of three years. The names of the Trustees on 31 March 2025 were as follows.. Gurmukh Singh Mann Satnam Singh Nagra Manjit Kaur Birak Narinder Singh Jassal Mandeep Kaur Bains Satnam Singh Kanth Tailo¢han SlnBh V21d Gurdip 5ingh Chattha Bhupinder Singh 8hoday Gurjit Singh Gill Balbli Singh Kundi luginder Singh Puri Rashpal Kaur Sangher Jaswinder Kaur Khunkhun Ram Sinsh Sanga N3rlnderpal Singh Bahia B31jindei Singh Boyal Tarlok 5ingh K311ar io li 12 13 14 15 16 17 18
19 Prem Slngh Bhodey Santokh Slngh Raven Juspreet Singh Kundi Nirrn81 Sln8h Kailey Baljinder Singh Sldhu 13gir Kaur Sekhon Parmlnder Singh Ohesl 20 21 22 23 24 25 In addltlon to the Executlwe Committee, the Constitution requires Holding Trustees as b@low who take no part in the runnlng of the Gurdwara but Sn whose names the Ire&hold property of the Gurdwara Is reglstered. Solicltors are In process of 8ettlng the land registry updated, l. Mr14arnalk Singh Kullar 2. Mr Dslver Singh Bas1 3. Mr Harjit Singh Vald 4. Mr Apninder Slngh Dhesl Trustee Induction and Training Most trustees are already familiar with the practical work of the Charity; when new members are appointed trainin8 Is provtded as required. Risk Management The Trustees review the major risks. which tho Charity face5 on a regu18r ba515 and believe that maintalnlng reserve5 at cUrrnt level will provide sufficient resources In the event of advorso conditions. Reserves Policy There is a reserves policy. Surplus funds are maintalned 3t 3 high level for the future unrestricted expenditure. They provide 5uffiEieni funds to cover management, admlnlstration & 5UPPOIt and the maintenance of the relisted buildings. Statement of Trustees Responsibilities Law applicable to Charities iri England W31es req(tlres the truslees to prepare linanclal statements for each financial year which give a true and fail vlew of the Charity's financlal activities during the year and its financial ptssition at the end of the year. In preparing those financial stat&ments, the trustees are requlred to.. a. Select suitable accounting polic¥es and app them consistently b. Observe the methods and principles in the ch3rities SORP. Make judBement5 and estimate5 that are reasonable and prudent d. State whether applicable accounting standards statements of rÈcommended practice have been fDllowed. subject to departure5 disclosed and explained in tho financial 5tatement5,
e. Prepare the statemEnts on a going conrn basis unless it Is Inappropriate to prp5ume that the charity will continue in operation. The Trustees are responsible for keeping the accounting records which disclose wlth reasonable accuracy at any tlme the financial position of the charity and enable them to ensure that the flnancial statements comply with relevant legislation. They are also responslble for safeguarding the 85set5 of the charlty and hence for taklng reascFnable steps for the prevention and detectlon of fraud and other Irregularities. Approval The rep was approved by the Trustees on........... 2025 and 51gned on the behalf. Tw5tee Trust I C31derwood Street Woolwi¢h, SE18 6QW
REPORT OF THE INDEPENDENT EXAMINER'S ro THE TRUSTEES OF GURDAWARA SAHIB WOOLWICH IWOOLWICH SIKHTEMPLEI We report on the accounts of Gurd3w3ra Sahib WDolwich for the year ended 31 March 2025 as Set out on Pages 9 to 12. Respective responslbillties of the Trustees and Examiner Tho Charitys Trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit Is not required for thls year under section 144121 of the Charities Act 201J (the 2011 Act) 3nd that an independent ex3rninatlon in needed. It is our Tesponslblllty to exan)ine the accounts under section 145 01 rhe 2011 Act and to follow the procedures laid down In the general direction5 given by the charity commission under Section 14515llbl ol the 2011 Act and to state whether ptrtlcular m3tte¥s have come to our attention. Basis of Independent Examiner'5 report Our examlnation was carrled out In accordance wlth the general directlons given by the Charity Commission. An examinatiL)n Includes a review of the accounting records kept by the Charity and a comparison of the account5 presented with those record5. 113lso includes conslderation of any unusual items or disdosures in the atcciunts and 5eeklng explanations from you as trustees concerning any suchmatters, The procedures undertaken do not p¥owide 811 the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts PTesent a "true and fair view" and the report is limited to those matter5 set Dut In the statement below. Independent examiner's statement In connection wlth our examlnètlon, nrF matter h85 come to our attention.. which glves vs reasonable cause to believe that in any material respect the requiremEnts, to keep accounting retords In accordance with section 130 Df the 2011 Act.. and to prepare accounts which acccrd with the 3ccountlng records and comply withthe accounting requirerments ol the 2011 Act have not been met.. or
to which. In our opinion, attentlon should be drawn to enable a properunderstanding of the accounts to be reached. Date.. Is IJINIS HNS PARTNERSHIP LTD ACCOUNTANTS & TAX CONSULTANTS 66-68 Sln8lewell Road, Gravesènd Keni DAII 7PW
Gurdwara Sahib Woolwich Registred Charity 280961 FDltheyeaieDded 31 March 24 2025 Restil(ted nStriCd luTh4s Funds R¢straded Unrestricted funds Funds Totsi T¢tsl In(oming Resou$ Donation5 &GIIIAld HMRC- lobRetènlion& Small donations Clalms RBGorGiAgranl 2,217 225.217 21,214 21,214 4,285 A98 21,q>3 187,498 Zi,903 Inve$tMentln(ome 4,85B 43,1 4,858 43,ICO 8ffj85 Rents received 44,&15 Total In(omingResNrces 299,270 299,270 263,469 263169 Resoui(es ExndEd Dirett Charitable Expenditure 217,237 218,187 1,650 L268 311,816 313,114 naBementaDd Adminisliatlo Total ResouSEXpeded 218,W 219,837 1,268 312,649 313,917 Netlncomlng Resources .9 80,383 79,433 -1,268 -49,180 -50,448 Total Funds BrouEhlForw&rd L886,4£Q 1,89D,253 5,071 1,935,630 I0,701 Total Funds Cairled Forward l966,833 1,969,686 1,881450
Gurdwara Sahib Woolwich Registred Charity 280961 Balance Sheot Forthe year endÈd 31 Marth 2024 31-Mar 2025 31-Mar 2[4 ote5 Flxed Assets Tanglble Fixed Assets 1,199,464 1,2Q6,447 Current A5set5 Debtor5 (falling due In one yearl Cash in hand l£.4,498 cashl 770,222 770,222 689 275 689,275 Credltors13mounts falllng due in I year) Net Current Assets 770,222 683,806 Total Assets le55 current Ll8bllltie5 1.969.686 8g¥J,253 Capital Funds Income Funds Restrfcted Fund 2,853 3,803 Unrestricted Fund 1,966,833 1,886,450 Tot81 1.969,686 1,890.253 Approved by the Board of Trustee5 on 25 M3y 2025 and signed on its behalf by .Trustee Trustee The Notes on pages 11 and 12 form part ol thesÈ accounts. 10
ACCOUNfiNG CONVENTION The accounts have been prepared under the Historlcal Cost Convention. FIXED ASSETS Tèngible Fixed Assets are depreciated on a reducing balance basis over their expecteduseful lives as fDIIows'. Freehobd Property and Improvement5 No depreciation Is provided as the property Is well maintained, Furnlture and Equiptnent 15% Reducing Balance Basis Motor Vehicle 25% Reducing Balance Basls MEMBERSHIP FEES Membership fEes which are for life are credited lo the Income and Expendlture Accountin the year In whi¢h they are received. DONATIONS These represents donation5 received from many well wlshers and devotoes to the Gurdwara. li
Note 2 FreÈhold Prop8tty ITripfovemenis Furlllture & de EqulpmÈnt Flxed Assets MotorVehl¢le Net Book Value Bll 234,3 92837 IGL411 38, 1,361,838 Otsp05a15 lancè clf 234.3Y) 928J137 16L411 38.Q ¥361,838 Deprklatkjll: Balance blf Provision for theyeir 121,194 6,0 34,197 950 5,391 6,983 Total Qep'n 127,227 35.147 162,3714 Ilel BoDkValue ai.Mar-Z5 234,390 928,037 2,853 1.199,464 31-Mar-24 234,390 g28,097 40.217 3,803 1,206,448 Freehold prop &Addilions No Dep'n 15 pfDvlded at property Is well malnialned Furnlture and Eoulpmeni 1SYo reduungbaLince ba515 Motors 25% reducing baTh¢e basls The Motorvehi¢le do)aied lo the temple 15 a restrlcted fund for a 5pecSNc puipose of takingthty holy book @Guru Granth Sahlb, from the tEmple to commuolly homes and /oi other place5 01 WDf5hl Note 3 2024 2024 Credltors & a¢Lr¥als RIG- Waste Dtsposal Dlsouled Lift Repalrs OTIS Repalrs IAm4nl 2280 216D ID29 5,469 Thp Motor vehl¢le donated tothe temple Is a restricted fund fora specificpurpase uf taklnE the holy book @Guru Granth 58hlb' from the temple to community homes and lar Otherp1as0f wo¥ship 12
Gurdwara Sahlb Woolwlch Reglstred Charlty 280961 Inrom• ¥nd Expendlture Accounts FaYthE yearended 31Mar¢h 2025 31-MAr 2QZ5 11-Mar Donallons New Metribprthip It71 HMRC- lob REtentlon &Smal donalions4aims RED15 Netylved IncA8eTrlsComFni551on sr¥nt- LEDprolect 223.5(M) 1,717 21,214 43,1 4,285 293,816 177,556 11,514 ZL9)3 43,270 2S4,742 8,923 263, MI5clntDme and gr055 LOy31ity Dlsount 299,270 Les5', 5.734 34.418 10,591 720 2r4 5,707 43,771 Lightand heat £vent5- Sports D3y,SlkhS Camp, lubllee, WoffleTr'5d6ys f>Ut Telephone &1nternet Televlsloll Waterraie5 aTbd CounEiI Yax Cleanlng and trf¥secolleLtlon laictuall Bank Fees Repalr5 & Rènewals and Pthlnl Renovallons.. Flat4A renDvallon 24125 ma Kitchen 23124 Tiavellln8 Motorvehlde Expen5e5 779 159 1,911 4533 S,218 1621 32,154 11618 31508 66,399 1,198 277 L482 338 I,0 46.785 5.101 3,368 6,671 29,704 l925 Waees Doftatlons &Gr3nt5 (Punlabl Schod, WellbpiDgClr &MwDrFundl Equlpment Replacement Le1 and Profe551ona fees Ratlon forgar Letllngage.nts comnlsslon SufidryExpense5 LEDLlghlin8Expeniiure Grant Relaied ,oii 315D2 ,116 3,6 I8.2 4,121 58 17,140 211854 DeprÈclatlon FumllUTe & Equlp MDtorV@hldÈ S,033 7,C97 s,983 8,365 Netsurplusorlosslortho year 79,433 Greell tner8yPiol4£t l#cluded Ill abo¥e Income.. Grant framGLA- LED Proleit 285 Less Expendliuve.. Bll $¢Year EHpendltufe on Malerla15& FlltlnECharge5 Funded bythe fjurdwarksèhlb WoDlwl¢h 13