Charliy nttthhEr: 1961J12 Compl), nuinber: 020¥1264 Khls CollL'RL' London IA compn)' Ilmlted b!, guArantee) Truy¢¢c'$' r¢purl #nd flnn¢ll stlementg for the Year ended 31 January 2025
KlIAIsg Colle2e LndOn (A ¢ompany Ilnilt by guarnntee) ConlL'nts Lesal and &dmit)i%rroflve Snfon¥thiion Tiiisiees. re ]nd¢pl1¢,nI exnmincrli, rLIMJrf tal¢1.n1 )r fin#ncial llctii'ili¢$ NoiL'S 10 ¢h¢ fii)&i)ci#l 51ottrm¢ni 8- 12
Kbals# College Loadon (A Company Ilmlted by guArantse) Legal Administrnilvt Informatlon ChxTIty 296012 CompAny rcRistr4llon number 02081264 Ro4htored ornce hqiLld1Lx IIA5,1% Trui¢ees Aiinl Kui)i)i)r ApN>inl¢d l Miy 2024 Rel18n 0Th14Jl)2Q024 Mr% Nl k Kiipnor hqr IJ Mr R % Kiipo()r Indepondetst ¢x•mlntr Arwirtd L j(h4 FCA, L TA,IknA * P•rln¢rs l imiiid LliiirfLI'ed A¢¢vvnliintli 7.A Rilz PllTU(IL Weslcrn Avenue )ndon W5 3RA B*nkcbrs Hnrilny% Iliink PIL I l.i¥row' fvlitlillL'4L'X I IAI ?AN
lilialso Collexe London (A Lumpany limited by guarant¢¢) Repvrt of tlie trustees (IneorporatlnR the dlri'ctors, report) ior IhL' vr8ri'ndc.d 31 JllnuAry 1025 The iriisiee5 1?reseiil tli¢lr r¢pon nnd illi finnncial sIMi¥ll1}IS for Ihe y¢Dr ¢iidtd .1 l Jnnudrv 20ry1. Th¢ Inisie¢8. wl)o re uls(> LlirLLior¥ iTrl' Khulyth C'i)IILyC Li)ndi)n l()r Ihc purp(Tr%L.¥ i)I'ct)mpany und wbi) dliiing IliL y¥¥r Jnd iLP lo IhL dJl¥ ol-Ilii¥ pOrn arL' oiit Qli PUK¥ I. tructure. li>vi'niAni'o wnd iiianARLiincnt Khula (:i)IIcgL l.i)n(lon lTrLDrrr1l1Cd u prii'lltL ¢iirnpunY liniilL(I IJY iyiih lh¢ iiimpaTry niJmb¢r 2nXI ?h4. li lits¢ no shmre Ciipii&I biii e•cli nKJiiber Iindenk-os. it) Ihil ¢VIl1101- Y'iiidirig up, ri7 Coiiiribiilc £ I ioward% diL Cogi )Iid XpLL of windinu up. l-li¢ cnliipnY'5 kov¢niing doc11nnI is Ilie M¥inorhi)diiin ArtiGIcs of A0¢1110n iii¢orporicil.S Deceihr 198(1. C)bJccilvib% iiid •¢tlvltlvs ALlIlL'i'emrnl% piirl'Lbrmin¢i' ()piraii4)11s huvL I)LLII XUlisltsLIIIry Lil IIIL yLiir iLndLr r%viLW. FlnMn¢lMI revlew. Tlii init)niityg Y¢Irec¥ and ri%(iurLL'% th a. %¢1 iyul iln Ihe 4nnL'xLNI PaUL S ¢)lih¥ finu11 ¥tutClllLYII%. Puhllt .eflI Tli¢ Iru%ii¢% ci)nlirni Il?Jt Ihey hyvL' N,fcrr¢d h) Ihi ¢Trniuincd i Ili¢ ('hirily Coniniis%ion'% %¢ncrAI iiii ni11 11)17lJni)ins i)I'(b¥rJn)IllL for ¢haTIIy, Siittment of dlrLiors' (trnsl¢os) r¢8pon$lblllil¢J ol. cli#riiy ltsw. und Il?L firJiinci¥l lillml.lllS in uLLui'dMnLC willi kEpplJLiblL luw Jiid UTiiILd Kinbiduin ALLtsuniiii Siai)daixl% Illnitid Kin¥dom (.71CrA1IY A¢cipi¢d A1}Until)U P¢¥cliecl. C,'omi%iny Illw. r¢qiiircs ¢h¢ ITilStLcs lo pr¢pBrL finaii¢iJl ¥1fy1¢in¢nis IOT en¢h Ilnort¢iul year which giv¢ n truc fair vi¢w (Trl Ihc ¥latL of atTaii's ol.11 ¢l)ariiablc conipaiiy %ind of Ili¢ iiiioii1iii r¢%L)Iir¢LS And apiiliudllon ol. rL'stsiire¢y, includ¢iiK II I[1. LxpiiidilLir¢. ill- Ihc bhMril&biL' Lomi?any fiJT ihui pcri(Ki. In pr¢p¥rinB Ilic&4 Iin¥nLi#I h1•W'm¥.1I, IhL I111cE nr¥ I'¢quireil ID., ¥elL¥CI suiidblL a&LMJUllling W)liLl¢ ih¢n upply iliertl Lon¥lil¢nily,' ob¥¢i'i'o Ilic principlc5 iii I1 c.hid rili¢% SORP,. ¥Jkc jiid¥Lmcnis Jiiil vylitnales Ilidi rLa%onablc prudlni: at¢ i¥thdliLf 1lPI)Ii¢iiblt UK A¥¢i)uniing 5mndllrds huvc L)ceii followcd, s11bj1 to ¢lny tnalcriiil dcpaTlures di.%Llol Id LxplJinLd iii tlil. filia,1)I1 sialLlhL'nfs,' und prLI)iirL IhL fiiiaiiriT11 %lill¥ni¢'iii% oil IIK. KL)Ill¥ ¢()n¢¢rn liasi$ uiilL5& it i iikipl)rvprillic Iv prcsuini Ihni ilie cknrilThl?l¥ eoniptiiiy w'ill coniiiikic in 4JpLYalion. Pagt 2
Kbl8ll College London (A company Ilmlted by gu4rantee) Report of the trustees (Incorporallng ihe dlrector$' report) For the yeyr ended 31 January 2025 The tru5es or¥ rtyonsible for kttping prDpBr acCNl8 records %vliich di10¢ w'ith reasonable accurn¢y ai ony time Ike finanLial p(18illLlrt of ih¢ thariiable eompttny whiLh enable them lo emwe rhthi Ik linthftelal sthnnis coffyly with tlie conipiln1 Aci 20Crf). They arL' 411SD fL)lible for ¥thr¢gr[lIng lh¢ of thL chnTi¢oblL' company 4nd hvncc rr tikin8 fcH¥oiiiibl¢ steps for Ihc prcv¢iiiion dnd di¢110n of frjiid iiiKI oilw irr¢8ulariiieA. SmAn comp*ny provlJlon$ Thi ILI)Iiri lias b¢ert prepkLr¢d in acLUiLliirtLe wihin Ihc ¥pe<ial proi'isiony for smill ionipiinies uTrJer Pfyri 13 of C¢Jmpan7e% ALI ?)6. On b¢haif¢)fih¢ bo4T MT P S K4[or Trnite¢ 9 Dx¢mb¢r 2025 Pa8¢ 3
Khaltso Colle%e Londo {A L'omp8nv 11m1t¢ by guarMnte¢) ndepeiident e%AJnlner's report to the trustse5 1111 the unaudlted fjnAnclal s18tements of Kh4151 Collegt Londtsn. I rLr+ort lyn ih¥ aLLX)iinl% IifKlia1 C'.ullL%C London for Ihc )'Lf endcd J l Jttniiary ? J?5 oul page% ? 10 12. Rospei'tliie r¢iJpuDslblllilis of tTUlteL5 iid ludependont vxamlni'r T1 IruxiLX% ur¢ &14L? IIIL (IirLLtI)1s ()f ihc ii)n)pdThy flir IhL PUTPO4C% (If cumpiiDy luw) ri¥pi)n%ibl¢ fiii. Ili¢ rKeparniion Dl-IliL a¢¢ouni¥. 'fhe Lhllrily'% ini>lCC.4 Conbidcr Ihii 1111 ¥JilI 1% 1101 reqiiircd lor ihig Yinr iind¢i' sc¢iion 144121 ol'ilie Llitsriiic.% Aci ?01 I Iilie ?01 l A¥1) ikni On ]ndL.ndnI ¢x4ininaiion 1% nkYd¢d. FluvinLr xaii%fied illy.11. I1 IhL' Lhirily iy wbjcLI l(i Trudil Urtdci LUiWny luw 1.% LliyiblL fur indLpLndLn¢ exominaiion, if is iiiy re8poii4¢bility to.. cxuminc Ihc iicLiwnts undcr 11 145 th¢ ?l)I l Alt- l(1 folli)Kv Ilie pruiLdiir&% IuLd dow'ii In t1 Ciliieral DireLlion4 givin by Ihi C.hJriiy Lommi%>ioTr unthr ¥e¢iion 14SISXhl (Il'ihL ?111 I ALI.. und l(Tr ¥liilL whLihL'r pArti¢ulai' Injllirs hav4. wmc lo my uitL'iili(Trn, BA%55 of Indei)endoni ex&mlner's stot¢meni My cxllniifftlIIn Ciirricd i)Iil In tt¢¢(?r(llln¥C will) Ihc (iciicrjil l)irL'¢iioI yivcn by thc Choriiy C'oiiiiiiisgi(¥n. ClMll4111( ineludc% th r¥vi¢w ol. IhL IlCLYJuniinbV LLcINl% k'LTI by the ¢liiiyliy and 41 ¢oiiipiiri¥(In of Iht uc¥uiiini% pr¥%Lnicil ¢Kpliinptioii8 fruiii YDII Ii ¥ Iru?l¢Ci conc¢rniiig Any siicll n)Thircrs. Th¢ pi'i)c¢diwos und¢rtokoii do not prnvidli oll Ilic ¢i,idLyiec Ihol )Uld k. requir& iii nn uudTI lind Ciins¢%UL'iiily no upjnbiiii 14 &iveJ Iiy 10 wliLilILr IIIL ILcouni5 prertI 'IruL 4iid lair viLw' und thL rkp4>rt 1% lin1ilL L4) 11)u%k InuIlL Kl iyut in I1 nL'Xt 4iulcinciil. IndepcndL'nt ibxoThlner'% qualllled ilatemont lil L(InnLLtiiin .111 my L'xarninuliun, IhL. follijwinu mutlcrs havL l(J niy Uilinliiin: 'rh¢ Iru¥i¢¢ h•v¢ iithi ¢onwlie(I wilh Ilie followirt iMii¢r¥ A I(IRn amLiiini ijf i21I,579 mlldL' ti) ¥niiihcr LhrilY nrn(, lftiirriaiiortul SLh(iiil Iif%ikh stlic Lundon wiih(Trui the .¢¢3$TY aiiihoriiy ur6d¥f Ih¥ ihiiriiy's ¢oiisiitiilion. Ther¢ urc no SUPFKtrninB docili1n¢ ¢0 Ycrify th4tl Ihc trVe1 ¢xpin.wi of£i,R16 Mr¢ TRlcied io Ihe clidTitobl¢ ncriiili¢s. Arvlnd l. J . I,'CA, CTA,DChA LrNy + P8nner% LiiiiklL(J ClIAnercd AcLountobi$ 7-8 Tli17. Pall¢ W¢¥i¢iTr AlUl. Li)ndTrrt IV5 3RA Date., Y l)cceMber ?U25 %e4
KhalsA Collrye London (A ¢tsmp4ny Ilmlted by guarantee) ststeDRnt of flnaD¢lAI M¢tlvities (In¢orpor4ting th¢ In¢omt Y4nd expendlture aceount) For the y¢ar ended 31 Jinuary 2025 Urtitrlcted fvtt 2025 T•tl In24 In¢ome Acriviiioy for 8enerotin8 Inv¢¥MWIi i0 30.709 13 30.709 13 69,068 To¢ol Intome 30.722 30,722 E%ptTrdl¢urÈ Eximimiion fees Siiil7-cosi TnL¥ltu' MU¢rN01) El11hTr¢fvl L$1$ Trnvel find Su.)1Ln¢t of voliTiii¢¢r% A¢¢oiiniiincy 1¢¢$ OvLrlKi¢l% lfiierb'yt piiyable Ind 1SmllJr ehAr8ei AnK)ni381ion illWRirrn¢iil Depr¢ciMtion Nnd iiiip4inneni Priniin& po.%ld¥& BnJ.¥illliiiiiLry T¢l¢phiiiK' Bonk ¢li¢irkies 2.71.1 27.4.$1 14.V?I 2,14? 7,272 R.87 2.7(Y> 4,n.$4 6117 1..1?4 21 97 Tot•l eipendllurt KV.435 8(J.435 77.742 N¢t m•v¢m¢nt In fvnd• {58.7131 158.713) 18.674) T1 fundB brou8hi for¥v<ird Tot1 fundi i•rrleil forw•rd J112.590 382,590 40J,762 32J.ft77 323.X77 JY5.IMIX Thc o• pA¥es 8 ts 12 forn #n IeIrl1 p•rt of thnt fininclil statcment hge5
Khalia Colleze Londo• (A ¢omp8ny Ilmlttd by £watAnltt) BalTr¢t sheet 4$ 4t 31 Janury 2025 21125 2024 Nott¥ Flxed we¢B T&n8ible osse C¥rr¢n¢ M¢ty Cash oi b¥nk And irt 34(234 3311,314 46,344 466 46,344 Crtdltom: mo¥ntx flMni dye wlthlD Dne ye•r ttyrrettl (Il#bllltitsyA• 10 122,8221 12.0681 12L3561 44a76 32J.878 J112J90 Tho fundj fjf tht eharlty .121.N7S .IX2.$1)O Totsl funds .1?.1,¥78 Thc B•l•nE¢ Shcel conunuei the followin8 Pa8e. Tre 8 to 12 forni IDtrirl part of thr ftnty¢lxl ¥tt¢ment PAI¢ 6
Kljalso College London (A company Ilmlt¢d by gu&rYdntec) B4lan¢¢ sheet (eon¢lnued) 'rrustees statement5 requlred by the CompaDles Act 2006 for thl )'¢4r ¢'ndL'd 11 Jinullry 202fj Ii) npprol'iiig Ilicse finnneinl slnteimlis ils Ini%tL¢% Ot ihc ¢i)11)pnisy wt hereb), conlirm.. 14LI Ilitsi for ihe ytor %tulLxl olx)vt Ihc roinpany Lintitlcd i(p ¢hc ¢xcmpliiTrTI L(11rrL,d by %L'tiii)n 477 nf IhL I'.nrnpdni¢¥ Aci ?006 ., Ib) Iliai iio n¥ii¢¢ ha¥ d¥posil¢d JI 111¢ r¢gi¥t¢r¢J VIT¢ ol- Ib¢ ¢(Inipttiiy 1rU111 10 [1{) 47(? ol'ili¢ C'oinpr41)1¢ Acl 1006 r¢quc$iinLI iliai lin 4iKlii bl LoiidiiciLd fL)I' IIK. ye¥r LYI(IL(l JI JaiiuAry 2025, Icl Ihyi w¢ Dcknowl¥d¥¢ OUT f¥Sponsibiliiics foi.: I I l Ln%wii18 ihai Ilie coi)IPArty keep4 prop¢r oc.¢oyThllll¥ f¥YOTcl& wlii¢li ciyiiiply wilh xeciion J8fy Lbf Ilie C-puni¢.4 Aci 121 pr¢purin&i f1nun¢iiil hl8lLmLllL4 %thiLh givL li Irue rt f1r VILIV l)I' IhL" %IIiiL ofiilYdiT% ofihL LN)mpiiny Ill al IhL' ertLI ur Ihc liiiaiikial ycor Jiiil ol'il¥ prLilIl iir 1054 fL)T Iliv >'¢ur Ih¥n iiiilcd in J¢¢nrIlnc willi th¢ rc4vif¢niLiil% thl. ili¢m¥ 3W aiid 1¥5. <iiid ivlii¢h oili¥i'wi4¥" CL)inply wlih ilic pmVisl7S 01. Ilw l.'otnp&nlc8 Acl .)ling its fipiiicinl 8tol¢niciils, so Iir(liciibl¥ li? thl Lxiinpuny, Tli¢ f11141n¥ihl ¥lotomeni¥ wer¢ ap1)IV¢d by Ihe bwrd on 9 fJ¢cenibor 2025 Jnd signed on i14 bchAlf hy Mi- l¥ % K4yuur 'rruslee The notes pAg¢s 8 to 12 form 411 integr1 p*rt •f Ih¢s¢ fin4iirlAI $tilem¢nl$. Pigc 7
Khalsa Colloge l.ottdo
(A cTrmpany Ilihfited bv guar8ntee>
Nthte8 lo finnet¥l .$l&ti'menls
for the ye4r ended 31 J&nuAr> 21125
Slalemeiit of cfjmpllaiice
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JI¢LILl+ Ii? Iho%c 4iiplicd prci'iuu%ly.
Basls of ¥4eeountlA%
TIIL tinula] ildl¢inLni% JTC l)rLp#rLd liui'¥ b¥¢n pripurLd iii d¥ii)rylaiiL¥ willi A¥Liiuiitingi IiDd RLpiirlinu bv
lh¢ trin4nLial Kiwfiinb Siiindthril iippli¥4iblL bn IliL. UK RcpublL¢ 4)r ITLlhnd11.'RS 1021 ILifLLIivL l Junudiy
?{1151 .1('h4rilie% %()RP (FR4 111?)). and thi L'iiThi?unic% Act ?IMIts.
In¢oinlnK reiouree9
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Khlsi Coll¢ge London (A tompTry Ilmited by guArantee} Y4ote$ to flnan¢ll statements ror ttte ver ended JI JJnu#ry 2025 1.6. ColD% ¢once The accounts hv¢ bLYn prqMr¢d on the assumption thai the Ch#rily is able tsj Larry on its Ktivili¢% &8 concern. which ih¢ UVSi¢L% consider 4pwopri4tr havln8 regord lo the riUl1trys. A¢ilvlil4ry for gen¢ro111)R fulldi 2•23 Totgl 2024 Other iciiviiios for fiJDds I0 30.709 69.0(J8 311,709 Inve51nitil IMe•ffte 2•25 To¢•1 21124 Totil B•nk in*r¢o1 r¢¢eivable 13 ottliolag relly1 for th¢ y¢•r 2•25 2024 oiiigoi118 Y¢soiirce% 1$ itAied &llcr bharSti8,, L)¢prcciAtiOTI And olli¢r writlai oll'100bl¢ fix 4sK15 Plet 9
Kh4Js ColloklL. Londo (A enmpThy limlted by guarantee) Not¢$ to flnnelal stltemethts for the year ended 31 J8nuary 2025 Emplo>'e Employm•nt i'oyty 2023 24 26,504 947 28.97B 5.13 PL'n%ion iiJ%14 27,4J I 29,511 No eiTrwliiyiX' reLeived enioluiN'nl$ thf tban £¢LI.Q(JO (2024 '. Niii)e). Number of tmpk)ye The #y8¢ mottihly numb1 of ¢mpkJyeM (thclwdin8 tht Inlglces) during the y¢&r, i&lculoied ot) the bfj$is or fyll tlnK oqwvilfnts. ftsllowA'. 2•28 Number 2024 Numbrr Truste•, R¢munertlon and Il¢nent¥ 21115 2024 R¢muneralion lj oth¢r benefitx 24224 6.000 colts The coiwiAny oper&ics 4 defined conlribuiioti peii%ioti %clieinc 111 thrrtci ol, Ihe Smart Pengion L. The 4Lhcm¢' nd i(¥ Jb¥il¥ 4Lre Ii¢ld by indL¥LllL¢LI)I Inlln4g¥rs. Tliv ¥17 chdr¥e TcprLrnly ¢onlribuliorts thi¢ Iri¥n Lli omp•ny ond wwb iy follows.. 2025 2024 Pension ¢hai' 947 'r•xAfioo The chAriry's ac1iviiies tAII wlihln the exen4)ii0Th8 aftordcd by ilie pr(Ivisions olthc Section 478 of th¢ Cory)oraiiDn TM Aci 2010, A¢FopJinKly, th¢r¢ is np laxaiion ¥hJrby¢ in IhE¥c J¢¢ountJ.
Kh4ls College London (A company Ilmlted hy guorantee) ()te8 to flnnelal statements for lkne year ehded 31 JgnllAry 2025 LAnd Prnperty IwllthidmprovemèTrti rreeliold Flxlyrei, Offlee IIttIDRi •Dd equlpJJÈ•t equlpmont T•ngtble flxtd I¢¢$ Llbriry T•tl Cost Ai l February 2024 Addition5 46,973 157,527 22,715 54J43 673,07J 19,500 19..41)n Al 31 Januory 2025 411,015 46.1173 157.527 22.715 54,343 92,573 Deprnd•tlon Al l F¢bruJry 21124 Chgr8e for Ehe yciw Al 3 l Jnnu8ry 2023 fi9..195 ..f25 38.897 2.J50 22.645 23 53.771 191 1.14.75X ?.4l)? 75.920 41.247 1.$2.$4? 22.668 53.961 34(1.3 19 Nel book Yaluei Ar 31 Jfynvnry 2023 3,726 4,985 4? 381 346.2.34 Ai 31 Jfiwiry 2024 322.120 8.070 7.477 70 J72 338.315 Tli¢ Charity r(hs'¢d its Bcliool pi¢m•s¢s joiiiily wlth IwLrema¢ionol %hool of stkli Jtudi¥5 LoiKlon. 4noilier Chariiy wlth cominon lrnSl¢ts. Th¢ #hlli'e of 43•/• ofili¢ I.[01 c£ hAg E¢en cApiralk¢d in ihe &¢coulS ond Ilic ol'57¥ i• Iwld on w¥t f¥)r Int¢m8rioiial s¥liotyld Sikh ¥tudir¥, 10. Credliors: f•lllA% due wlthln one yeAr 2025 AnKsunts #wed m gniup underthkin¥4 Othir und 80¢iiI ye¢ui'iiy Unpaid wage5 Ac¢runlx ?11,579 455 2.823 1,613 22,822 2.068 I l. A Tr•lysig of pet A8Kti betweea fund¥ Unrestrlcted Fund 18¢¢1 At J I JAnuAry 2rI25 ax reprchLrned by.. T8n8ibl¥ fixixl 8*8ets CunL'nl 4s5ol8 Cuffvnt liJbiliti¢s J46,234 466 22,¥22 346,214 466 22.822 369,522 369.522 ¢ 11
Kb4lr6A Coll¢&ie London (A company limited by guAranteo) Not¢$ to flnan¢lal sttmonl$ ror the y¢ar elided 31 January 2025 12. UArestrlcted fund A¢ At I Vtbruiry Imtomlni Oiityolrti .11 JAnrY 2014 resoureey r¢sourc¢s 2025 Unr¢Mrict¢d Fld IN2,4110 30,722 1119.434) 323,117b 13. Related PArty trnAiactlons Thc Iruslee for Khul.%o Coll¢g¢ London also ITus¢cc of Inleniational Schthnl nf Sikli Sliidies London. 14. Conip•Dy Ilmlted bv xu•rRlItL'c KhAl%th Li)Ilcge Lond¢)n 1% o cuixpuny lirnii¢,d by ¥yoraniL¢ #fid th¢¢,rdInglY doci ntsl knv¢ * xh&r¢ Lupilul. Tr.v¢ry m¢ihb¢r of thc InpullY und¢Tthkos lo coniribute such aniouni A8 MAY Irqiiir¢d ¢x¢¢cilin8 Ll 10 ihc 114%¢1s uf ihc LhUritlC L()rnp4ny in Ihe cv¢nl ol. litt b¢ing WiHind up whil¥ hL' nr ¥lie 14 a INniber, ¢r wlihin tsnc yenr Aftcr ho or sh¢ ¢¢05¢s lo be N rn¢inlw. h#¢ 12