REGISTERED CHAIUTY NUMBER: 504277 Trnstees, Report Ind Unaudfiied Flnn¢ll Statements for the Year Ended 31 M*r¢h 2025 for SRI DASMESH SIKH TEMPLE Brindleys Limit¢d 2 Wheeleys Road Edgbaslon Birmingham West Midlands B152LD
SIU DASMESH SIKH TEMPLE Contents of the FlnanelAI Statements for Ihe Year Ended 31 March 2025 PAge Trustees, Report I to 2 Independent Examiner's Report Statement of Flnan¢ll Aetfivltieg Balance Sheet Notes to the Flnantll StAtements 6 to 11 DetAlled StAtement of Fin*nclAI Activities 12 to 13
SRI DASMESH SIKH TEMPLE Try5tee5' Report for the Year Ended 31 Mxr¢h 2025 Th¢ tTusiees pTrsenl their report with the financial statements of the charity for the year ended 31 March 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities.. Statement of Recommended Practice applicable lo charilies preparing iheir a¢¢ounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019). OBJEcfivES AND A1VITIEs Objectives and aims The charity is a local, indyndent non4knominationa]. Sikh Temple and Community Centre. established for the worship and the advancement of Sikh religio based upon the teachings of Guru and Shri Granth Sahib Ji, the relief of hardship and distr¢ss and the enhancement ol lile, by pmvision of the chariws facilities for the local community. ACHIEVEMENT AND PERFORMANCE CharitAble activities The charity coniinues lo practice and promote the advancement of the Sikh faith. The continued sUPPOrt & contribution from devotees, worshippers and the general public has ¢nabled the Charity to provide ¢ss¢ntial services of providing free meals lo all visitors to the Temple. Fundr*tslng Ictlvltles The statement of financial activities is shown on page 4 with notes and analysis on pages 5 to I l. The net income for the year £183,014 has been added to the reserve broughi forward. to give totsl funds of £2,602,744 to carry forwurd. FINANCIAL REVIEW Re5erve$ pollcy The ¢harity's reserve wilicy aims lo secure al least twelve months of running costs within genernl reserves to ensure ongoing sustainability for specific projects and K) wver rela¢ cosls. FUTURE PLANS The charity ha5 plans continuing the activitics ouilin¢d above in the forthcoming years. subjecl to salisfactory funding. STRUCTURE, GOVERNANCE AND MANAGEMENT Governlng document The charity 1$ govemed by a Trust Deed dated18th Febnwy 1974 Inductlon gnd training of new tru$¢ees M05t Iruslees are familiar with the practical work of the charity having been encourn8ed to lake up the internal management course5 and quanerly me¢lings. The internal management courses Cover. The obligations of Management Committee members. Th¢ main documents which sel out the operaiional framework for the Charity. Resourcing the current financial position as set out in the last accounts. Future plans and objectives. REFERENCE AND ADMINISTRATIVE DETAILS Registered Chwrity number 504277 Prlnclpal address 305 Wheeler Road Lozells Bim)ingham West Midlands B219SE Page I
SRI DASMESH SIKH TEMPLE Trustee5' Report for the Year Ended 31 Mrch 2025 Trustees Gian Singh Gill Santokh Singh Malhi Ram Lubhay& Suglani Avtar Singh Ghundale {resigned 6.9.24) Kewal Singh Chohan Harbinder Singh Raindi (resigned 31.8.24) Paramjii Singh Tank Lal Singh Doal Independent ExAmlner Kulwinder Singh Chawla F.C.C.A. Brindleys Limited 2 Wheeleys Road Edgbaslon Bimiingham West Midlands B15 2LD Bnkers Barclays Bank PIC 3511359 Soho Road Wesl Bromwich B70 8LX FREEHOLD PROPERTIES The charity (re8lStered number- 504277) currently owns the following freehold prnperties. Temples 305 Wheeler Street, Lozells, Birmingham 350 Wheeler Street, Lozells, Birmingham 12 Malthouse Gardens. Lozells, Binningham Residential PToperties 7 Old Postway, Lozells. Birniingham Commercial Properties 50. 50a, 50b. 50¢ & 50d Lozells Rorf Lozells, Birn)ingham 52, 52a. 52b. 52¢. 52d & 52e Lozells Road. L4)zells. Birmingham Approved by order of th¢ IM)ard of trustees on 29 January 2026 and Sied on its iKhalf by.. Sanlokh Singh Malhi - Trustee Page 2
Independent Examiner's Report to the Trustees of Sri Dasmesh Sikh Temple Independent ¢xamin¢r's report to the trustees of Sri Dasmesh Sfikh Temple I report lo the charity trnstees on my examination of the accounts of Sri D&smesh Sikh Temple (the Trust) for the year ended 31 March 2025. Responsibilities and basis of report As the charity tnJst¢¢s of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the A¢l'). I report in respect of my examination of the Trust's ¥¢ounts wried out under Section 145 of the Aci and in carying uut my examination I have followed all applicable Dir08 given by the Clwity Commission under Section 145(5)(b) of the Act. Independent exAmlner's statement Since your charily's gross income exceeded £250,(KK) your examiner musl be a member of a listed body. I can confimi that I am qualified to undertake the examination because l am a member of the Association of Charter¢d Certified Accountant5. which is one of the listed bodies. I have compleled my examination. I confirni that no malerial matters have come to my attention in connection with the examination giving me cause lo belteve thai in any maierial respect.. accounting records were noi kept in respect olthe TnLSt &$ reqUId by Section 130 of the Aci. or the aLLounts do nul accord with those records: or the a¢¢oLmiS do not ¢omply with the applicabl¢ requirements concerning the forn] and con*nt of accounts sei out in the Charities (Accounts and Rew)rts) Regulations 2008 other than any requirement that the accounts give a trje and falr view which is not a matter considered as pan of an Indedent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Kulwinder Singh Chawla F.C.C.A. Brindleys Limited 2 Wheeleys Road Edgbaslon Bimiingham West Midlands B15 2LD 29 January 2026 Page 3
SRI DASMESH SIKH TEMPLE ststemettt of Financial Activilies for the Year Ended 31 March 2025 2025 Unre5trl¢ted fund 2024 Total fimds INCOME AND ENDOWMENTS FROM Donations and legacies 269,898 218,443 Investment income 120.036 102.128 Total 389,934 320,571 EXPENDITURE ON Ch#rltAble actlvltles Charity 206.920 222.384 NET INCOME 183,014 98,187 RECONCILIATION OF FUNDS To¢al funds brought forward 2.419,7JO 2,321,543 TOTAL FUNDS CARRIED FORWARD 2.602,744 2,419,730 The notes fOn part of these fit]anciai st*m¢nts Page 4
SRI DASMESH SIKH TEMPLE Balance Sheet 31 March 202S 2025 Unrestrlcted fund 2024 Total funds FIXED ASSETS Tangible assets 1,449,432 1.449.264 CURRENT ASSETS Debtors Investments Cash 81 bank and in hand 1,587 1,015.866 141,955 5,956 877,566 97,041 1,159,408 980,563 CREDITORS Amounts falling due within one year (6,096) (10,097) NET CURREIYT ASSETS I,IS3J12 970.466 TOTAL ASSETS LESS CURRENT LIABILITIES 2,602,744 2.419,730 NET ASSETS 2,602,744 2,419,730 FUNDS Un$trIcI¢d funds 2,602.744 2,419,730 TOTAL FUNDS 2,602,744 2,419.730 The financial statements were approved by the BoaTd of Tnle¢S and authorised for issue on 29 January 2026 and were signed on its behalf by.. Gian Singh Gill- Trustee Lal Singh Doal - Trustee Sanlokh Singh Malhi- Tnjstee The notes fotrn part of these financial ststements Page 5
SIU DASMESH SIKH TEMPLE Notes to the Financial Statements for the Year Ended 31 March 2025 ACCOUNTING POLICIES Basis of preparlng the financlal statements The financial stai¢tn¢nts of the charity. which is a public benefit entity under FRS 102. have en pr¢pared in accordance with the Charitie5 SORP {FRS 102) 'Accounting and Rep)rting by Charilies: Statemenl of Recommended Practice applicable to chan'ties preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102} (¢ff¢¢tive l January 2019),, Financial RetK)rting Standard 102 'The Financial Reporting Stsndard applicable in the UK and Republic of Ireland, and the Charities Act 2011. The financial ststements have been prepared under the historical cost convention. Income All income is recowsed in the Statement of Financial Activities once the charity has entiilement to the fund5. it is probable that the income will be received and the amount can be measured reliably. Expenditure Liabilities are recognised as expenditure as s(7 as there is a legal or consttuctive obligation conunirting the Charity to Ihat expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligalion can be measured reliably. Expendire is accounied for on an accruals basis and has been classified under h¢3dings ihai awgate all ¢051 relaied lo the eategory. 1¥h¢ Costs cannot be directly attributed to particular headings they have been allocated lo aclivilies on a basis consislent with the use of resources. Tanglble flxed Ass¢ts Depreciation is provided al the following annual rates in order to write off asset over its eslimaled usefiil lif¢. Freehold Property Fixtures and fittin8S 2 /0 on straight line basis 150/0 on reducing balanc¢ T4xdon The clwity is exempt from tax on its charitsble activities. Fund accountlng Unrestricted fund8 can Ix in accordance with th¢ ¢harithble objectives at the dis¢r¢tion of the trustees. Restricted funds can i)nly be used for particular restricted PUTposes within the objects of the charity. Restrictions arise when Specifi by the donor or when fuDd5 are rdised for particular re5tricied purposes. Further explanalion of the nattwe and Purpose of each fillid is included in the notes to the financial statements. Hlre purchse And leslng commltmtnts Rentals paid under operating leases are charged io the Stament of Financial Activities on a straight line basis over thc period of the lease. Pension costs and other post-retirement benefits The charity operaies a defined conlribulion pension 5ch¢me. Contribution5 payable lo the charity's pension Scheme are charged lo the Ststement of Financial A¢tiviti¢s in the period to which they relate. Page 6 ontinued...
SRI DASMESH SIKH TEMPLE Notes to the FiDancial Stst¢ments- continued for the Year Ended 31 March 2025 INVESTMENT INCOME 2025 2024 Rents received Deposit account interest 81,735 38JOI 75,883 26.245 120,036 102.128 TRUSTEES, REMUNERATION AND BENEFITS There were no tsuslees, remunerntion or other benefits for the year ended 31 March 2025 nor for the year ended 31 March 2024. Trustees, expenses There were no trusiees, expenses paid for the year ended 31 March 2025 nor for the year ended 31 Mar¢h 2024. STAFF COSTS The average monthly number of employees duTing the year was as follows.. 202S 2024 Staff No employees received emolumenLS in excess of £60.(KKJ. 2023 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted fund INCOME AND ENDOWMENTS FROM Donations and legacies 218,443 Investment income 102.128 Total 320,571 EXPENDITURE ON Charitable activities Charity 222,384 NET INCOME 98,187 RECONCILIATION OF FUNDS Total funds brought forward 2,321,543 TOTAL FUNDS CARRIED FORWARD 2.419,730 Page 7 ontinued...
SRI DASMESH SIKH TEMPLE Notes to the Finaneial Ststements - ¢ontinued for the Year Ended 31 March 2025 TANGIBLE FIXED ASSETS Fixtures Freehold Property Compuler equipment fittings Totals COST Ai l April 2024 Additions 2520,795 18,41NJ 331,416 3J35 798 i.ioi 2,853,009 23,036 Ai 31 March 2025 2539.195 334,951 1.899 2,876.045 DEPRECIATION Ai l April 2024 Charge for year ,134,708 12,696 268,917 9,905 120 267 1,403,745 22,868 Ai 31 March 2025 1,147,404 278,822 387 1,426,613 NET BOOK VALUE At 31 Mah 2025 lJ91,791 56.129 1.512 1,449A32 Ai 31 March 2024 1.386,087 62.499 678 1,449,264 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 2024 Prepayments and accrued income 1.587 5.956 CURRENT ASSET IIYVEsTMEs 2025 2024 Terni Deposits 1.015,866 877,566 Page 8 ontinued...
SRI DASMESH SIKH TEMPLE Notes to the Financial Ststements- continued for the Year Ended 31 Mar¢h 2025 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 2024 Trnde creditors Taxation and social security Other ¢rediiors 2,518 (1.222) 4,800 3,938 (1.048) 7,207 6,096 10,097 MOVEMENT IN FUNDS movement in funds At 31.3.25 At 1.4.24 Unrestricted funds General fund 2,419,730 183,014 2,602,744 TOTAL FUNDS 2,419,730 183.014 2,602,744 Net movement in fimds, thcluded in the above are a5 follows.. Incoming Resources expended Movemeni in funds Unrestricted funds General fund 389.934 (206,920) 183,014 TOTAL FUNDS 389,934 (206,920) 183,014 Comparatives for movement in funds Net movement in funds At 31.3.24 At 1.4.23 Unrestricted funds General fund 2,321,543 98.187 2,419,730 TOTAL FUNDS 2,321,543 98,187 2,419,730 Page 9 ¢ontinu¢d...
SRI DASMESH SIKH TEMPLE Notes to the Fin4ncial Statements- continued for the Year Ended 31 March 2025 io. MOVEMENT IN FUNDS- continued Comparntive net movement in fimds, included in the above are as follows: Incoming Movement in funds expended Unrestrlcted funds General fund 320,571 (222.384) 98.187 TOTAL FUNDS 320,571 (222,384) 98.187 A current year 12 months and prior year 12 months combined position is &8 follows: Nel mov¢m¢nt in funds At 31.3.25 At 1.4.23 Unrestricted funds General fund 2.321.543 281,201 2,602,744 TOTAL FUNDS 2.321,543 281,201 2.602,744 A current year 12 months and prior year 12 rnonths Combined net movement in fun(ts. included in the above are as follows: Incoming Resources expended Movement in fund5 Unrestrlcted funds General fund 710.505 {429,304) 281,201 TOTAL FUNDS 710,505 (429,304) 281,201 Page 10 continued...
SRI DASMESH SIKH TEMPLE Notes to the Financigl Ststements- rontinued for the Year Ended 31 M¥rch 2025 ii. RELATED PARTY DISCLOSURES There were no relaled party transactions for the year ended 31 March 2025. Pagell
SIU DASMESH SIKH TEMPLE Detailed Stalemenl of Financial Activities for the Year Ended 31 March 2025 2025 2024 INCOME AND ENDOWMENTS Donatlons and legacles t)onations 269,898 218,443 Investment income Rents received Deposit account interest 81.735 38JOI 75,883 26,245 120,036 102,128 Total Sncomlng resourc¢J 389,934 320,571 EXPENDITURE CharltAble actlvltles Wages Pensions Repairs & Maintenance Water Rates Insurance Light and heat Telephone Printing.Stationary & Postage Cleaning Sundrie5 Kirtan Expense Donations Food for Worshipper Depn of freehold propety Fixtures and fittin8S Computer equipment 49,074 228 13,731 4,667 6,749 27215 2,199 4,618 1,200 7,965 44.990 727 22,063 4,266 12.804 41,157 2,661 1,512 708 6.384 7,770 251 52,103 12,604 11,029 120 5VS1 12,696 9,905 267 21M.065 221,149 Support costs ManAgement 695 635 Flnance Bank charges & Interest 60 Governance costs Accountancy Carried fornvard 600 6W This page does noi form part of the statutory financial statements Page 12
SRI DASMESH SIKH TEMPLE DetsRled Statement of Financial Activities for the Year Ended 31 March 2025 2025 2024 Governance costs Brought lorward Legal Fee 600 1,5(H) 600 2,11)0 600 ToLql resources expended 20A920 222.384 Net Income 183,014 98,187 This page does not forni part of the Statutory financial slatements Page 13