Charity nurnber: Z96012
Compgny number: 02081264
Khalsa College London
(A ¢ompaJJy limited by guarantee)
Trustee8' report and finan¢ial statements
for the ye4r ended 31 January 2024

Khalsa Colleg¢ London
(A company limited by guarantee)
Content5
Pg¥e
Legal and administrAliYe information
Tru$te¢s' report
Independ¢nt cxaminers. repL)rt
Slai¢ment of finan¢iAI activitie8
Balance she¢t
Notes to th¢ financial statements

Khals• College London
(A eomp4ny limiled by guarantee)
Legal and administrative information
Charlty number
296012
Company reglsiratlon number 02081264
Regl$tered offlce
26 St Thomas Drive
Pinner
Middlesex
HA5 4SS
Trustee
Dr S S Kapoor
Mrs M K Kapoor
Mr P S Kapoor
Mr R S KapooT
Seeretory
Mr P S Kopoor
Independent txamlner
Arvlnd L Joshi, FCA, CTA,DChA
Levy + Pgrtner5 Limit¢d
Chartered Accountants
7-8 Ritz Parade
Western Avenu¢
IA>ndon
W5 3RA
B4nkers
Bar¢lay5 Bwnk Pl
Harrow Branch
355 Station R04d
H8rrow
Middlesex HAI 2AN
P#g¢ I

Kha15a College London
(A company limited by guarantee)
Report of tht trustees (ineorporating the direetors, report)
For the year ended 31 January 2024
The trust¢es pres¢i)t thcir report and the fiiiineial statements for (he year ended I l Jaiiuary 2024. The tru$tees, wlio ore
also directors of Khalsa Colle¥v L4?nd(>n for Ihe PUTPOSC.% of company law ond who served during the year and up to th¢
date of this report are set out on pag¢ l.
Structure? %overnan¢e and m4n4g¢m¢nl
Khalsa Colle¥e Londoji was incorporatcd as a privatc Lompany limitL,d by 8uaraiilee wilh the compally number 2U81264.
11 ha5 110 share Lklpltal but each member undertakes, in Ihe eveiit of windinbl UP, to Lontribute £1 iowards the Lost and
expeiises of wii)diiiki up.
The conipaiiy's 8ov¢riiing do¢uJi)¢Jit is th¢ M¢moraiidun) and Arlicl¢s of Association ineorporled 5 Decernber 1986.
ObJectiv¥¥ 4nd aLtlvltle$
'ro advan¢c tlie ¢ducaiitsn (>f the public willi special regard to the educaiional need5 of the comniunity of tlic sub
conlineiil of India by ili¢ ¢slabli$limcni and mainten&iic¢ ol'an insiilulion for t¢aching and rese8TcII.
Achlvvements perform#nce
Op¢r¢ilions huv¢ b¢Ln sa115fartory in the year uiidtr review.
FlnanLial review
ie inconiiiig T¥50urces &iid T¢Sou￿e¥ u5¢d *Lre b¢1 on th¢ aiinexed pth8¥ 5 oftlie financial siaicments.
Publlc beneflt
Thc trustees confirm Ihdt they h8ve refrrred tr) the 8uidanc¢' contained in tlie Charity Commissinn'g 8¥nernl guidancc on
publiL benefit whcn rcvicwinbT the charity's objectives aiid activitiL& atid in pltsnning future fjClivili¢s. It is the judgemeni
of the trusices thai aclivilies in pur8UTI of the hbove objeetives lully met the public bcnefit resi, which they h#ve kept in
miiid in plaiining programmc for the churity.
Si4lcment Of direclor5' (trustee5) responsibilitiLs
Thc dirc¢iois nie Irsponsible for prepAfi118 Ilie annual report, which Also COnSiilUtcs the'frustees Report for the purposc
of ¢horiiy law, the fin&n¢ial 5tJtcm¢nts in a¢¢ordanc¢ with Applicable low and Unil¢d Kin&Tdom A¢¢oiinliiig
Standards IUnit¢d Kingdom Genernlly A¢¢epted Accounting Practice).
Companylow r¢quires the Irusiees to prcparc financial stat¢mcnts for cd¢h financial yeor which give a tnJ¢ and fair view
of ih¢ statc of affairs ofih¢ ¢liarilablr c()mpaThy of the incofflTng r¢sourrE5 and appli¢alion of resouT¢¢8, iDcludiDg tlic
income and expendilur¢, of th¢ ch8rilwbl¢ boinpany for Iliai period. Iii prepariiig ih¢se fin8n¢ial 3tal¢m¢nls. Ihe trust￿%
are requircd to..
select suilabl¥ ucrouniing policies and then apply them consisiently.
observe the ni¢thods &iid priii¢ii)l¢s in the Charities SQRP.
make jiidgem¢nis and esiimate5 that are Itasonable and PTud¢nl,'
stgte whether applicable UK Accounting Staiidards have been followed, subjccl to any material departurcs disclosed
prepare the financial statcrncnt5 011 the goiiig concerii ba515 unles5 it 15 inappropriate to prc5lllllC that ihe chsrilable
Company will ¢ontiiiue in operation.
Page 2

Khx15a CollL'kiL l.oiido
(A comp*ny llmlicd bv %u*r&nte*)
Report of the Irusteu (Inrorporutffing the dlrectOTS' repoi't)
For the year eDded 31 January 2024
Sm411 comptsny provlilon$
Thio ¥L>011 hAs hi%'n p￿￿Tell In wlthin Ihe Bpttial NOViRiODY for $￿￿11 coniiiAiiieJ tsiWJ￿. 1.1 ol. the
Oh b¢h•lf I￿rd
Mi. P S KapDui'
22 OL*olxr 2024

Khalsa College London
(A company limited by guarantee)
Independent examiner's report to the trusteey on the unaudited financial statements of KhaLs
College London.
I report on the accounts of Khalsa College London foi. the year ended 31 January 2024 sct out on pa&Te8 2 to I l.
Respcctive responsibilitlLiS ol trustees and independent exAminer
Tlic trustees I￿10 are also ilie directors of tlie company for thc purp05cs of company lawl are responsible foT th
preparation of the Rccounls. The charity's trustees ¢onsidei' that an audit 1% iiDI required for this ye￿r undei. s¢¢tion 14412)
ofthe c.harities Act 201 I (tho 201 l A¢tl and that an ind¢pendent examinotion is nceded.
HAVlI)g s#risfied my.4elf that the charity is not subjcct lo audit under coinpany law and is eligible for ind¢p¢nd¢iit
exaiiiinorion, il is my responsibiliry lo..
¢xamiiiL the account5 under yection 145 of the 2011 Aci..
to lollow Ihe pni¢¢dures laid down in the GeneT81 Dire¢tion$ giveii by th¢ Charity Commission under seelion
14515llbl ot'ihe 2011 Act; and
t() stole whether particular mattcrs havc come to my attention.
Ba$l.¥ of Independent examlner's st&tem¢nt
My exaniination wo.5 Lurri¢d our in a¢cnrdHiice with the General Direction5 ¥iven hy th¢ Chariry Commiysion. An
exarniiiaii()n inLludes H rcvicw ol. the accouiitinb? rcLurd5 kLpI by the cliarily oiid a Comparison of tlie accounts prcsented
witli thosc rccords. It also iiieludes coiisideraiion of any uniisual iierns ar di%¢lo%ures in Ihe occounls, and Ihe seekiiig of
¢xplan&tions from you as Iruslees conceniin¥ any such mllltcrs. -Fhe procedures undertoken d() n(11 providi oll Ihc
evidence Iliai woiild be requir¥d in An uudit and coiisequenily no opinion is given as to wh¢ih¢r Ihe accounts present
Indcpendenl examiner'$ stAtement
In coiincction with niy examiiiation. no mattel. has come to my attcntiun..
l. whicli gives me reasonable c&use t(J believe that, in aiiy rnatcrial rL5pe¢t. the requirem¢nlJ.'
la) to keep accouiilin8 record5 111 aCCOTdancc with 5ccli(?n l8() of th¥ Companies A¢t 2006, and
Ibl to prep8re accounts which 8Lcord with the acLoui)liii¥ reLords, coinply wilh thc acLviiniing requirements of
seLlion 396 of the Companies Acl 2006 and with Ihc mcthudb and principle.% of th¢ StJl¢m¢nt of
Recoinmeiided Practice.. Ac¢oullling aiid Reportiii¥ by Ch&ritlf5
have i)01 beeii niei, or
2. to whi¢h, in niy opinion, allenlion should be drawii in ordcr lo cnablc a proper undcrstaiidiiig of th¢ u¢counts to bc
reached.
Arvl
.loshi, FCA, CTA,DChA
Levy ¥ E>artnci'5 1.iinited
Chartered Accountonls
7-8 RilT. Parade
W¢stcrn Aventse
LA>ndon
W5.IRA
Date.. 22 O¢tob¢r 2024
Page 4

Kha150 College London
(A company limited by gu4rant¢e)
Statement of financial activities (incorporating the income and expenditure account)
For the year ended 31 January 2024
Unrestrlet¢d
fund5
2024
Totil
2023
Totll
Notes
Income
Activities for generating funds
69,068
69,068
67,013
Total Incorne
69.068
69,068
67,013
Expendlture
Examination fees
Stoff i()sis
Tru5tees' remun¢ration
EJtoblishm¢nt costs
Travcl and subsistence of volunteers
Accounlon¢y lees
Overh¢ads
Int¢r¢st p#yable and similur char8¢3
Amortisaiion aiid ifflpairnient
Depreciation gnd impairmenl
Insurance
Prinliii8, postig¢ and 3¢Htionery
Telephone
Bllnk charges
12,498
29,511
6,000
17.168
506
2,142
7.272
12,498
29.511
6,000
17.168
506
2,142
7.272
6.947
45,505
6,001
14.983
1,716
5,470
8,875
4,054
8,875
4,054
8,875
6,392
1,099
6.006
564
184
697
1,324
193
697
1,324
IY3
Total expendlture
90.240
90,240
106,081
Net movement In fMnds
121.1721 (21.1721
1.39,068
Total fund5 broii8ht forwhrd
403,762
403,762
442.830
Tot&1 funds ¢Arrled forward
382.590
382.590
403,702
The notes on page$ 8 to 11 forrn integral pgrt of thes¢ finaD¢i41 st*tement&
Page 5

Khalsa College London
(A ¢ompwny limited by guarantee)
Balance sheet
as at 31 Januory 2024
2024
2023
Notes
Flx¢d 45sets
Tangible 85s¢I$
Curre￿1 assets
Cash at bank athd in hand
338.314
351,243
46,344
55,413
55,413
Credltors: amounts folllng
due within one year
(2.068}
(2,8941
Net current assets
44.276
52,519
Net osset5
382,590
403,762
The funds of the chgrlty
Unr¢5tric¢Ed income funds
10
382.590
403,762
Total funds
382,590
403,762
The BalaDC¢ Sh¢et conlinu¢s on the following p48¢.
The notes on pages 8 to I I form An integrol part of these flnonTial 3t*ternentS.
PAge 6

Khal¥a College London
(A compgny Ilmlied by guarante¢)
alanee sbtet (eoTStEnued)
Truste¢5 Statenients re4ulred by the Conipanles Act 2006
forthÈ year ondod 31 JaTru8ry 2024
In approving these filljncibl $￿tements￿E tru&lees of tli¢ comp)nywL bertbyconfurD-.
141 forthe ¥ta¥ st#lcd abov¢ tho ￿m￿llY wjji eniitl¢d lo ihe ¢xempiioii ¢Qllf¢n¢d by swLion 477 orth¢ CompDlli¢S
Ari 2006.
Ib) that DO nDti¢¢ hAs bcen dcposilcd ui ll)c rc¥isl¥ieil otTc¢ ol lh¢ compaDy pDrsu8Dt lo $¢¢uon 476 of th¢ CotJpaEUCS
ArL2006 r4ue61ing thni ￿ llydil bo ¢ondvGwd for th¢ yoar¢nded 31 Imugry 2Q24.
Ic) Ih8iwe oekn0wl¢dg¢ourr¢5po￿ibI1iTI¢5 for.
(l) on8urin¥ thai the cornpiffty k¢cp& prop¢r.D¢couuliDB F¢eoTd¥ uthl¢h roniply with iEction 386 of the CompJnie$ A¢1
2005, aDd *';
12) PT¢p&fill8 linJu¢o1 stole￿￿18 wbiLb giv¢ o vve and f8w Yi¢w of th¢ stal¢ o(èiTait¥ pfthe ￿nIp&nY 48 8L th¢ ¢Dd of
th¢ f￿AnCIal ycArarO ofÉts profil orloss lor (be ￿arthOD esyJ¢d in u¢wrdnn¢e vrith the rvquir¥ments of &¢ciions 394 and
395, aud which otheThvisp ¢onipl>'.with the proMsiOll6 of th¢ Cou)pdlli¢s A¢t T¥lotlM8 10 I]ll8nciAI 51&1¢mcni& %D fAr as
kpplicoblc lo th¢ ¢ompuny.
Th¢fjDhuknial swicmcnts appto,vc(I by the b0￿d on 22 Ociokr2024 SDdJ.¢8ned on its b¢holf by
Mr P S Kfjp¢JDr
I'ruslee Tri%ry*T_
Comptiuy. r6tyif¢iion 11riifvb￿ 0208.1204

Khalsa College London
(A company limited by guarantee)
Notes lo fittancial statements
for the year ended 31 January 2024
Statement of compliance
The prtncipal aLcouniing policies are suminarised below. The accounting policies have been applied consistently
Ihrougrhoul Ilie year and th¢ pr¢¢eding year. Tli¢ transition lo FRS 102 ha5 resulted in no ¢hAiiges iii accounliiig
poliLies to tliose applied previously.
Bos1$ of g¢counling
'l-lie finanbial SlAtemenis &re preparcd have becn prcparcd in a¥¢ordaiiLe wilh AccouiitlllbT and Reportiiix by
ClIHrities.' Slalein¢nt of R¢cumm¥nded PraLtiL¢ appli¥dble lo cliarilieg prepariiig their acLounls iii accorddiiLe willi
Ilie Finaiicial Reparnitix Stsjidard applicable iii Ilie UK aiid Republic of Ireldnd IFRS 1021 leffecliv¢ l Jaiiiiary
20151 {Charilies SORP IFRS 10211, 4t)d ili# Companies Act 2006.
¢sour¢¢$ cxpended
Expeiidilure is r¢io&rnis¥d 011 Jti basis ¥5 a liability is iiicurrcd. Lxpciidiiiire ii)cludes any VAI- which
¢aiiiiLII be fully rccovei'ed, aiid is reportcd as part of Ilie LxpLnditUTe to wliicli il r¢ldies.
Costs of xencraling fiitids comi)rise Ilic Lnsty ass(>Lialed wilh Hllracting wolunlary inLome and the cos1$ of trAdiiig
for fundrHl5in¥ piirp05Cs Trncludink Ilic eliarity's sliop.
C.hHritable expenditure comprise5 Ihn.4e cos15 incurred by the charity in Ihv deliveiy of irs activities and service$
lor ils ben¢fiLiftrics. li includcs both c05t5 that can Allne&ied directly to such uctivilies and those ¢osts of Bn
indireii naturc nc¢essary to 511PPOrt thcm.
Support cos15 Are those ¢0s18 incurrcd directly iii support of expenditure on thc objcct5 of tlie charity at)(J include
projcct management.
1.3. Tunglblc fixed Assets ond depreci#tion
Tan8ible fixL.d a55cIs are $ialed al ¢05t Icys ￿¢UMIlI￿1Ld depreLialion. Depreciation 15 pr(Ivided ai ral¢s ¥al¢ulalcd
to wri(e olf th¢ Lost Icss residual walue uf each a55rt ov¥r lis ¥xpe¢ted us¢tul lit¢, as follow5.'
Land aiid buildi118S
Biiildi118 and iillprov¢ni¢'nt¥
OffiLe ¢quipineni
Fixture%, litiin&ts and ¢quipm¢n¢
I,ibrary books
No depreciation is providcd on frcehold land
Sir4ighi lin¢ uv¢r thiriy year5
330/y per annum - redu¢in& balanc¢ basis
3JW* per hnnum- r¢diicing balaiic¢ b8sjS
33Q/• pcr annum- reduci118 balance basis
Defined ct)ntrlbullon penslon s¢h¢mes
The pension Costs Charged in th¢ financial siitements r¢pres¢nt the ¢onlribution payable by the charity durin8 the
year.
Going ¢oncern
The a¢¢ounls have been prepared on the assumption that the Charity is able lo carry on its activities a5
a goin&Y Loncern. which the Irtsstees consider &ppropriaie having regard to the cirLumslancis.
PAge 8

Kha15a College London
(A company limited by guarAntee)
Notcs to financial statementy
for the yLar end¢d 31 January 2024
Activities for generating funds
2024
Total
2023
Totil
Other activiri¢s for generating fund5 income
69,068
67.013
09,068
67,013
Nel outgolng resource5 for the year
2024
21123
Net out80in8 re50UT¢¢$ IS s¢4ted after ¢hJrging'.
DepreciAlion and other atnounts writtcn otTithllgible fixed assets
12,929
15.267
Employees
Employment ¢0st8
2Q24
2023
Wages And sAIAries
Pension ¢osts
28.978
533
43,098
2,407
45,505
No employee received emoluments of more thhn £60,00012023 None).
Number of employees
The avcTage monthly numbers of employees (including the trustees) during the year, colcul&ted on th¢ basis of
full tirne equival¢nts, wa5 85 follows..
2024
Iyumber
2023
Number
Truste￿, emoluments
2024
2023
Remuneration and other benefits
6,000
6,001
Page 9

Khalsa College London
(A company limited by guarRnte¢)
N1)t￿ to financlal statemcntS
for the year ended 31 January 2024
Pen8lon cos¢8
The company operaics A defincd conti'ibuiion pension scheme in resp¢cl of thc Smart P¢n$ion Ltd. Th¢ s¢h¢m¢
and its assets are held by independent managers. Th¢ pension ¢harg¢ r¢presents contributions due from ilie
comp4ny 8nd was a5 follows..
2024
2023
Pension ch&rge
53.1
2.407
T4x4tlo
The charity'5 activities fall within the exemptions Rffordcd by tlic provi5iOt)s of the Sectioii 478 of the
c.orporation Tax Act 2010. Accordingly. there is no taxation chY4Tbrc in thcs¢ a¢¢ounts.
L•nd Rnd
Property
buildlngsmprovements
fr¢ehold
Ixtures,
Offlce flitlngs ind
e4ulpment equlpmertt
Tanglble flxed assets
Llbr#ry
l)ooks
TotAI
Coyt
A¢ I l.'cbruary 2023 and
Ai 31 January 2024
391,515
46,973
157,527
22,715
54.343
673,073
Depre¢l*tlon
Al l February 2023
Charge for tlic year
Ai 31 J4nuary 2024
62,870
6,525
36,547
2.350
146,317
3.733
22,611
35
53,485
286
321.830
12,929
69,395
38,897
150,050
22,646
53.771
334.759
Net book valucs
Ai 31 Jaiiuary 2024
322,120
8,076
7,477
69
572
338..314
Al 31 Janumry 2023
328,645
10.426
11.210
104
858
351,243
The Charity purchased its School premises jointly with Intcrnational school of Sikh studic5 London, ￿nOther
c.harity with cornmon trustee5. The share of 430/D of the freehold c05t hBs been cHpilalised in the account5 thc
balance of 57Yo is lield on trust for International schoold of Sikh studies.
Pig¢ 10

KhalsA College London
(A company limited by guaran¢ee)
Notes to fjnancial statements
for the yerdr ended 31 January 2024
Creditors: amounts falling dlle
within one year
2024
2023
Other taxLs and 50C141 security
Uiipaid wages
Accru015
455
824
1,057
1,613
2,068
2,894
io.
Analysls ol net assets between funds
TotMI
funds
Fund balances at 31 January 2024 as represenicd by:
Unrestri¢ted funds
At
At
l February Ineomlng Owtg(blnK 31 JgnuHry
2023
r¢JoyrceJ
resources
2024
Unr¢slri¢ted Fund
403,762
69.068
(90,2401
382.590
12.
RL'loted party tran84ctlons
There w¢re no related pty transactions.
13.
Company Ilmlted by guarantee
Khalsa Colleg¢ London rs H ¢omppny limited by guarwiite¢ and accordingly th)¢$ not have a share capital,
Every member of the ¢ompany undertake$ io contribute such Amount as may be required not ex¢¢eding £1 to the
assets of thv rharitable coinpany in the event of its being wound up while h¢ or she is N m¢mber, or within one
year hfter he OT she ceases to be a meinber.
PAg¢Jl