LEVY + PARTNEFIS 1/150NI
Chartered Accountants
Chartered Tax Advisers
Statutory Auditors
74 Ritr Parade, Westgrn Avenue. London W5 3RA
Tel.. 020 8932 1932 Fax.. 020 8932 0122
wvwJ.levyandpartners.com
email.. info@levyandpartners.com
1964
16 O¢tober 2023
Our Ref:
K0271ALJIMU
Postcd certiti¢ate of p051ing proof Royal Mail
Re8lStrar of Companies
Companies Ilousc
c.rown Way
Maindy
Cardift.
cr14 3UZ
l)C¢ir Sirs
KHALSA C.OLLF,C.L I,nNDON
IA C.QMPANY I.IMITID BY CUARAN'I-F.FI_C.QMPANV NU. ll2081264
CHARITY NO. 2Y61112
I'RUS'fF.Tr'S' RLPQR T AYI D FINAN(.'IAI. s'rAI'LMKNT5 FOR 'I'IIE YEAR ￿ND￿.D 31 JANIIARY 2023
We enLloye for filing the 'l'rustecs' Rep()rt and Financial Statcnicnls tor the Ycar Ended 31 .lanuary 2023, for
the abc)VL company.
Yoiir5 faithtully
Lev
rtners Limited
Enc..
Chartered
Prowiploi. Levy + Partners Llmiied ITr8dlng a$ Le￿ + Parf￿r81. c￿PanY Ilo. 6642925 IRe9tsler80 in England).
RÈgi5tefed Olfice". 7.8 Rilz Parade. Wesiein Avenue. London W5 3RA. MYW le
aiTrdparIiitits￿M
Tax Advisers Re9th￿r0 Gairyon au¢lt and￿v￿are￿￿Or3 range a¢11￿1￿5 byfhg In8fv1u￿ olChartere(I
Ac￿￿￿¢6nts in England and Wales Rtrglsteltrd￿rh Ihe Cliarfe￿ Inslilul& or raxal￿ as a Iiini olCharterÈd f&xAJV15ers
ICAEW
CHARTERED
ACCOUNTANTS

ChArity number: 296012
CompAny number.. 02081264
IKhalsa College London
(A company limited by guarantee)
Trustees, report and financial statements
for the year ended 31 Januthry 2023

Khalsa College London
(A company limited by guarantee)
Contents
PAg¢
Legal and &dministrotiv¢ infomthtion
Trustees, r¢port
Independent ex8miners' report
Statement of financial activiti¢s
Balance sheet
Notes lo the financial statements
-12

Khalsa College London
(A company limited by guar4ntee)
Legal and administrY4tive information
Charity number
296012
Company rtgbtratlon numb¢r 02081264
Regtstered offlce
26 si Thonw Drive
Pinn¢r
Middlegex
IIA5 4SS
Truste¢y
Dr S S Kgpoor
Mrs M K Kapoor
MrP S KApoor
Mr R S Kapoor
Secret¥Jry
Dr S S Kapoor
Independent examlner
Aryind L Joshi. FCA. CTA,DChA
Levy + PartneTS Limitrd
ChArtered A¢countsnts
7-8 Ritz Parad¢
W¢s¢ern Avenue
London
W5 3RA
Bankers
Barcluys Bank Pl
Harrow Branch
355 StAtion Road
Harrow
Middlesex HAI 2AN
PAgt I

Khalsa College London
(A compaiiy limited by guarante¢}
Report of the trustees (incorporating the directors, report)
For the year ended 31 January 2023
The iru5tees present their report and the financial statements foT the year ended 31 January 2023. The irustecs, who are
also directors of Khalsa Colleg¢ London for the purposes of company law and who served during the y¢ar and up to the
date of this IEpori are ser out on pakre l.
Structvrey governance and man*£¢ment
Khalsa College London was incorporated as a private company limited by guarant¢¢ with the COTnpany number 2081264.
It has no share capital but ¢&¢h member undertakc5. in the event of winding up, to Coniribuie £1 loward3 th¢ w5t and
expenses of winding up.
Thc ¢ompally's bpoverning document is the Memorandum and Articles of Association incorported 5 December 1986.
Objectives #nd activitles
To advance Ilie education of the public with 5pec181 re￿Ord to the educational needs of the ¢ominuniry of thc sub
coiitinent ot India by tlie establislimeni and Thainten￿lee ofun instirulion for ira¢hin&T and re5e¥rch.
Achlev¢ments and p¢rform4nce
Operations have bcen 58ti$facrory in the year under r¢vi¢w.
Flnancial revlew
The inc()min8 resourccs and resour¢es used are set oul on the anjiexed pag¢ 5 of die financial statements.
Publ1¢ be￿tflI
Th¢ rrustec5 contirin that they have referred io the guidanc¢ contained itt lh¢ Chariry Commission's 8eneral 8uidance on
public benefit wlien reviewing th¢ cliarity's obj¢ctiv¢s wid aclivilie¥ and in plannin& fiJiur¢ octiviiies. It is the jud&Tement
of ihe tNBtecs (hal activities in pursuil of the abovc objectives thlly m¢1 th¢ public benefit test, whi¢h they hav¢ k¢p¢ in
mind in plannin8 prograrnmc for th¢ ¢h&Tity.
Si8tement of dlrectors, {Irll5tees) r¢spon.sibilities
Th¢ directors are It5ponsible for prep8ring th¥ annual report, which a150 constitutcs the Truste¢s Report for ihc purpo.1¢
of cliarity law. and Ilie fJnanciRI srwtements in a¢¢ordancL with applicuble law And Unikd Kingdom Aceuunttng
Standards (Unit¢d Kingdoni Generally A¢¢¢pt¢d Aicounting PTLlCticel.
Company liw requires the trUSlce5 to prepare financial siatement5 for each finan¢iAI year which give a true and fair view
of Ilie st¥te of affaÈrs ofihc cliarilablc company and o(the incoming resource$ aiid application of resour¢¢5, including the
income and expeiidilure, of the charitable company for tliat period. In preparing these financial 5tat¢mcnts, the tru5tecs
are required io..
s¢l¢ct suitable a¢¢ounling policie5 and then apply theih Co￿lStently,.
observe ihe methods and priiiciples in the Charities SORP.,
makc judgemenls and estimates th&1 are r¢450nable and prudent.
state whether applicable LfK Accounting Siandards have been followed. subject to any material departures disclosed
and explained in thE financial stat¢ments,' and
prepare the financial statement5 on the going coD¢ern basis unless it 15 inappropriate to presume that the charitable
ompany will ¢ontinue in operation.
PAEe 2

Khaba Colle%¢ LondDn
IA Company I1￿￿ted by 8u*r*ntee)
Report of the trllSt¢u (ill¢Trryonling the 41ArectorJ' report)
For the ye•r ended 31 JAnuary 2023
The 8Te respon￿ble for kwiDg ptoper A¢wuJJting r¢ctsTth vknich dixlwe with r•Bwttabk at aDy time
the fitjancittl position of the charitsbl¢ wnp4lly and which ¢n8ble them lo th&1 the fiTh8nciRi 8tht¢ments COTry)Iy
ryth the CDmpthi¢• knt 2006. or¢ akn r¢•pLYthibl¢ for wfwwrdlttg tbt asÈet> of tho ehaTltsbl¢ ¢oD)p•ny Ind h¢n¢¢
for tthng re￿nAble it6ps for the prevention a￿d d￿ection of fraud Jnd otbcr iThe8uIDritSC8.
cgmpgny prov1￿00*
Thi8 report I￿¥ b¢¢n prepir¢d 4¢GOTdw¢ ￿thIn the Jpe¢1￿ provision8 for gmiu etimpAtiiM under 15 of tho
Cotiwic8 Ad 21K)6,
On ixknlfDfthe board
SSKwor
Trurtet
13 O¢tob¢r 2023
P*8e 3

Kholsa College London
{A company limited by guArontee)
Independent examiner's report to the trustees on the unauditLd fjllancial stAt¢ments of Khals#
College London.
I report tsn thc a¢counts of Khalsa Coll¢g¢ London for the year ¢nded 31 January 2023 8et out on pages 2 to 12.
Rcspcrtfve responsibillties of trustce5 and independent examlner
The ti'ustee5 IWIK) al'e also the directors of the compaliy foi. the purposes of company law} are re8ponsible for the
prcparation of the accounts. The chai'ity's trustees consider that an audit is not Irquired for this ycar under scction 144121
ofthe Charilies Acl 20111th¢ 201 l A¢tl and that an independeiit ¢xamin&tion is needed.
Haviiig sat15fied Inyself that Ihe chdrity is not subject to audit under company law and is eligible for independciit
exa]nination, it is my responsibility to..
examine Ili¢ accounts under s¢glion 145 of th¢ 2011 A¢¢.,
to follow Ihe procedures laid dowii in thc General Dir¥cliuns given by the Charity Commission undcr section
145{Sllbl ol'ihe 2011 ALt' aiid
10 gtaie wlicther particular matters havL come to my attcntion.
Basis of indepethd¢nt cx*mlner's statem¢nt
My exaniinaiion was Carried out in accordance with the General Directions given by th¢ Charity Commission. An
¢xumiiiation includeb a r¢vi¢w ol'the a¢¢ountin&y rc¢ords k¢p¢ by th¢ charity and a ¢omparisoii of the ac¢ount¥ pr¢senL¢¢J
with Ihose records. It alsD Lncludes coiisideration ol. any unusual itC1115 ur di5Llosure8 in the accoun15. and the 5eekiii8 ()f
explaiiations fi'om you as trUSt¢es eoii¢eming any suLlI jnaiiers. I'h¢ pro¥¢dur¢s uiid¢rtak¢n do nor provide 011 the
evidcnce that would be required in an audit and coiise(iueiitly 110 opiniaih is giveii as io whether the 4ccouiils pre$ent
'Itue and fllir view and the repon ts liinittd io thn5e matter% Sel Dill in Ilie ncxl slatcmciil.
Independ¥nt examiner's statement
In ¢oi)n¢¢lion with Iny examinalion. no matter has come lo my Y411entiot)'.
which sives me r¢asonabl¢ ¢&us¢ to b¢liev¢ thA¢, in any mat¢rig1 r¢spe¢t, th¢ require1￿¢￿ts..
la) to keep accouiiting Tectsrds in accordaiice with section 186 of the Companie5 Act 2D06. and
Ib) tv prcpare acu)unls whi¢h a¢eord with the a¢¢ovnling r¢cord$, comply with the a¢¢ounling r¢quir¢m¢nts ol.
s¢¢tion )96 of the Companies Act 2006 aiid with the methods and principles of ihe Statement of
Re¢DmiMend¢d Practicc.. Accountill8 and R¢portin8 by Charilies
have not been mel, or
2. to which, in my opinion, attcntion should be draw) in order to enable a prop¢r understanding of the ac¢ounts to be
reached.
Arvlnd tfoshi, FCA, CTA,DChA
l.evy + Partners Limited
Ch4rt¢red A¢counlants
7-8 Ritz Parade
Western Avenue
London
W5 311A
Dat¢.' 13 October 2023
Poge 4

Khals# College London
(A company limited by guarY4ntee)
Statement of financial aetivities (Incorporating the income 2nd expenditure account)
For the year ended 31 January 2023
Unrestrleted
2013
Totsl
2022
Total
Nolt8
Incomt
Voluntary income
Activits¢s for g¢nerating ￿ttds
67.01.3
67,013
47,662
Total In¢ome
67.013
67.013
60,445
Eipendlture
Ex&min&tion fees
Stoff costs
TTUStees remuneration
Esiablishmeiit costs
Travel Hnd subsisten¢e of volunteers
AcLourhtancy fe¢5
Overheads
Interest payable similar chw$e$
Amortlsation and impairment
Depreciation ai)d impain]J¢nt
Insuranc¢
Printingp posia8¢ and stationery
Telephone
Bank chArs¢s
6,947
45,505
6,001
14.983
2,339
1.716
5,470
6,947
45.505
6,001
14,983
2,339
1,716
3.470
35.016
5,200
10.765
3,663
2,844
7,212
8,875
6,392
1,099
6,006
564
184
8,875
6,392
1,099
6.006
564
184
8,875
8,384
951
3,186
974
219
Total expendlture
106,081
l D6.081
87.289
Net movement In funds
139.0681 {39,0681
126.8441
Total funds brought forward
442.830
442,830
469,674
Total fmnds carried forward
403,762
40J,762
442,830
The notu OR pages 8 to 12 form an integral pgrt ot these finineiAI statements.
P*ge 5

Khalsa College London
(A company limited by guarantee)
Balanc¢ sheet
as at 31 January 2023
2023
2022
Noteg
Flxed Assets
Tjngible assets
Current Assets
Cash at bank and in hand
351.243
364.710
55,413
79.401
55,413
79,401
Crtdltors: 4mounts fAlllng
dut wlthln on¢ yelr
Net current 4Jsets
10
(2,894)
11,281}
52,519
78.120
N¢t assets
403,762
442,8.10
The fund8 of the chArlty
Unre$tricted income fundB
403.762
442,830
Tot41 thnds
403,762
442,830
The Balance She¢¢ ¢ontinue9 on the followin8 p8g¢.
The notes on pages 8 to 12 forni inte8r41 p•rt ofthese fin*nelal Jt4tements.
Page 6

Kba]s* ColhKe Londo
(A ¢ompiny llmlted by guarantee)
Balance sheet (contlnu¢d)
Trurtees ital¢ments requlred by tb¢ CompaDleJ Act 2006
for th• yeAr ended 31 JAnuary 2023
In 8PProvinB these stytcnKnts &8 I￿sIc¢1 of the wanywe hereby wnfJrnL
(8) th8t for the Jwr Btltsd abov¢ th¢ compdtty tntitl¢d to th¢ ¢xeJWI'on ¢onferr¢d by irclioD 477 of th¢ Compwji
Ib) th&1 Do notice has been depo8ited di thc rc8Litered otTic¢ orth¢ pursvani to ie¢tioJ) 476 of the cOn￿an14
Act 2000 icqu¢4tin8 thai an Audlt b¢ wndu¢*d for th¢ y¢Ar ¢ndcd 31 J4nuy2023.
Ic>thHiW¢ A¢kmowW ow resp¢thiJiti¥ for,.
(l) ensurio8 that thE corllpw k¢epA pMpDr •oEiYmtiDI TOCOTd# whlch ¢ompty with 8¢dlon 386 of th¢ CtsJDpani¢B Act
21MJ6, Jnd
(21 Pf¢PArtns iIn•n¢1￿ Ththlch 8lv¢ a atsd hii vi¢w of th¢ Jtat¢ of affthi of th¢ ¢cthyny the ¢od or
the fiDkn¢ial y¢ar4nd of or1o1 for th¢ y¢ar therL •nd•d In I￿Ord￿¢¢with the Tequtscrnulti ofsec*i0tyo 394 alld
395, 11￿ W￿.b Oth¢Ni￿ comply with th¢ provi8iOW C*f th• CothrAnic& A¢1 r¢)AdllB kn fill￿￿1￿1 BtrAte]Trxths. Bo for
Il¢tsbJo lo tb¢ cotswy.
The fill￿£13] xtrt¢monts ￿10 approved by thÈ board on 13 OotobET 2023 ond 8i4n¢d OD its bekn]f by
Dr S S Kapoor
Tnutee
Company re8tstr4iion Mwmb•r,' 02081304
The nrtes paw l ts 12 f•rn •A Jntsgr*] PArt oftheje rtotsm¢nts.
P41¢ 7

Khalsa College London
(A company limited by guarantee)
Noles to financial stAteMe￿ts
for the year ended 31 January 2023
Statement of compliance
The principal ac¢ouniiThg policies are summarised below. The accounting policies have been applied consisl¢i)Ily
throughoui ihe year and the prectdiiig year. The trwisition to FRS 102 has resulted in no chan&e5 in ac¢ouniing
policies lo ihose applied previously.
1.1. Basis of aeeoullting
'riic financial slalemenis Are prepared httve beeji prepared in accordance with Accounting and Reporting by
ChaTlties.. Statemeni of Recommended Pracitce applicable to Charities pr¢p2ring their accounts in 4iccordance with
the Finoneial Reporting Stdndard >Lpplicablt iii th¢ UK and Repiibli¢ of Ir¢land {FRS 1021 leffe¢tive l January
2a15}- (Charilies SORP IFRS 10211, and t]ie Compani¢¥ A¢t 2006.
1.2. Incoming reyourc&%
All incoiiiing resour¥¢s are included in the statement of finatteial activities wlien the c114rity is ¢iititl¢d to the
income and the amouni ¢an be ouantifi¢d with reasonable acLura¢y. -file followiiibl specific policie5 are applied io
p&rticul&r cate&ori¢s of in¢oni¢',
Voluiil&ry iiicome is received by way ol grants, donatioiis and 8ifis and 15 included in fvll in ¢h¢ statemeiiL Of
Iinancial activities when r¥i¢iw&ble, Grdllts where eiiiitlcmeni is noi cL)ndiliunal on tli¢ delivery of & specific
perfonmbncc by tlic ¢liarity, are r¢cogrsised wli¢n Ilie ¢hai'ity b¢¢thm¥s un¢(>iidilioi)ally enlitlcd lo Ilie bJf811t.
Donated service.4 aiid f8¢ilitie5 are included at the valuc to the charity whert this Lan b¢ quantified. The value of
seryi¢es provided by volunteer8 h&.4 noi been iiiclud¢d.
Gifts d(iiiated for resale are included as incoming resource$ withiii Acllvities for ¥enerating fund¥ wheii they are
sold.
Grants. in¢luding grants for ihe purchase or rixcd os5ets. Are recognised iii fjjll in Ihe siatement of finaiicial
&ctivities iTh the year in which they are receivable.
1.3. Resource5 expended
ExpeiiditUTe is re¥vgnis¢d on fin Accrual bASlS QS 11 liability is incurred. Expenditu￿ in¢ludes any VAT which
chnnoi be fully recov¢i'¢d, Afhd is r¢porr¢d as pail ofthe cxpcnditUTe lo which il r¢lal¢s,
C03t5 of generatin8 fiinds comprise the costs associated with attracting voluntary inwm¢ and the ￿$ts of trading
for fundraising purposes including the charity'5 shop.
Charitablc cxp¢nditure comprises those costs incurred by th¢ ¢h8rity in th¢ delivery of its activities and services
for its benefJciarie$. 11 includes both costs that can be allocated directly to such activitie￿ alld those costs of an
indirect nattwe ne¢css8ry to support them.
Support costs ar¢ those costs incurred dir¢clly in 5UPPOrt of¢xp¢nditUTe on the objects of the charity and in¢lud
project maiiagcment,
Page 8

Kbalsx College London
{A compaDy limited by guarantee)
Notey to fiDaDcial statemelltg
for the year ended 31 January 2023
1.4. Tgnglble fixed assets and depreciition
Tangible fixed assets are stuted ai cost less aceumulated depreciation. Depreciation is provided at rates calculated
to write off the cosi less residual Yalu¢ of each asset ovei its expected useful life. as follows:
Land and buildiTh8S
Building and improvements
Office equipmeni
Fixturts, fittings and ¢quipment
Libi?ry books
No depreciation is provided on freehold land
Strnight line over thirty years
30°h per aniium- reducing b￿#￿¢¢ basis
30•/0 per annum- r¢ducin¥ balance basis
3￿/0 per annuin- redu¢ing b￿allee basis
1.5. Defined eontributlon pension s¢hem¢$
The pension costs ch￿ged in tlie finaftci41 st&tements represent th¢ contributioTh payabl¢ by th¢ charity during the
y¢Ar.
1.6. GolThg Concern
The accounts have been prepa￿d on the assumption that the Charity is able to cary on ils activities as
80in8 concem, which ihe trustees consider appropriate having regord lo the circumstances.
Voluntary Income
2023
Total
21122
Tot41
C J R S Grants receivAble
12,783
12.783
Actlvitles for generAtlng fund8
Unreitrlcted
fund9
2023
Tot81
2022
Totol
Other activities for gener&tiiw furtdj i11￿me
67,013
67,013
47.662
67,013
67,013
47,662
Net outgoing resources for the year
2023
2022
Net outgoing T¢sources 23 Stat¢d after charging,.
Depreciation and other amounts MTitten off tangible fixed assets
15,267
17,259
Poge 9

Khalsa College LoDdoJ)
(A company limited by guarantee)
Notes to financiAI ststements
for the year ended 31 January 2023
Employees
Employment costs
2023
2021
Wuges and 8alaries
Pension costs
43,098
2,407
34,631
385
45,505
35,016
No employee receivcd ¢molum¢nts of more than £60.00012022 .. None).
Number of employees
The averagc monthly numb¢rs of employee5 {in¢ludtn8 the trust¢¢sl durin8 the year. cAl¢ulat¢d on the bmsis of
11 time equivalents, wa5 as follow5.'
2023
Number
2022
Number
TTUStee$' ¢molumenty
2023
21122
Remuneration and other benefits
6,001
5.200
Penslon cojts
The company operates a deflned conlribution pension scheme in respect of the Smart P¢n5ion Ltd. The schen)e
and it5 ￿$¢ts are held by independent manager5. Th¢ pension ¢harg¢ r¢prescnt5 contributions due from tlic
company and was as follows..
2023
2022
Pension charge
2.407
.185
Taxatio
The charity'5 8Ctivitie5 fall within the ex¢mptions afforded by the provisions of the Seclton 478 of the
Corporation Tax Act 2010. A¢cordingly, there is no t￿tIOn charg¢ in th¢se accounts.
Page 10

Khalsa College London
(A company limited by guarantee)
Notes to fin8nei41 $¢at¢ments
for the year ended 31 January 21b23
land and
Property
buildlnymprovements
fre¢hold
Flyture4
Offit¢ fitting5 and
equiprn¢nt equlpment
TAnglble fixed assets
Librory
books
Tot*1
Cost
At l February 2022
Additions
391,515
46.973
155,727
1,800
22,715
54,343
671,273
1.800
At 31 January 2023
391,515
46,973
157.S27
22,715
54,343
673,073
D#preclatlon
At l F¢bTuary 2022
Charge for Ihe year
At 31 January 2023
56,345
6,525
34,197
140.712
5.605
22.525
86
52.784
701
306,563
15,267
62,870
36,547
146,317
22,611
53.485
J21.830
Net book v&lves
At J l January 2023
328,645
10,426
11,210
104
858
351,243
Af 31 Janvjry 2022
335.170
12,776
15,015
190
,559
364,710
The c.harity purchased its School premises jointly with Iniernationwl school of Sikli studies London, anoiher
Charity with common trustees. The share of 43°/D of th¢ fre¢liold wst h&8 beerh capitslised in the ac¢oui)¢s and the
bAlance of 57% is l)eld on trus1 for Inlernalion81 schoold of Sikh Sludies.
io.
Credltors: amounts falllng due
Ivithln one year
2023
2022
OtheT taxes and social security
Unpaid wages
Accruals
824
1.057
1.013
268
1,013
2.894
1.281
ii.
An*ly815 of net assets between funds
Vnrestrl¢t¢d
nd8
TotAI
funds
Fund balanc¢5 at 31 January 2023 as r¢pTe5ent¢d by..
TanEiblc fjxed a&8ets
Curr¢nl 8ssets
Currcnt liabilities
351.243
55.413
2,894
351,243
55.413
2,894
409.550
409.550
P8gell

Kha15* College London
(A company limited by guarantee)
Notes to finrdncial statementg
for the yer4r ended 31 Januory 2023
12.
Unr¢$trict¢d funds
At
At
l February IDeoming Outgoing 31 JanuAry
2022
resources
r4sourcts
2023
Unr¢stri¢t¢d Fund
442,830
67.013
(106,0811
403,762
13.
Relatsd porty traTh$gctlon5
Th¢re w¢re no related paty transactlOll5.
14,
Company Ilmlted by gu4r4Dt¢e
Khalsi Cglleg¢ iA)ndort is a company limitcd by yarantee and wordirtgly does not h8ve a share ¢8pil*l.
Every member of the ¢ompgny undert&keg to contribut¢ su¢h amount as may be required nol excetdin8 £1 to th¢
Assets of the chHritsble compdny in the event of ils b¢in8 wound up whil¢ he or she is a member, or within one
y¢aT after h¢ OT she ¢eases io be a member.
Page 12