Charity registration number: 508859 

BEBE NANKI CHARITABLE TRUST TRUSTEES' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 



## BEBE NANKI CHARITABLE TRUST 

## (Registered Charity No: 508859) 

## Contents 

||Page|
|---|---|
|Trust Information|1|
|Trustees' Report|2-4|
|Independent Auditor's Report|5-6|
|Statement of Financial Activities|7|
|Statement of Financial Position|8|
|Notes to the Financial Statements|9-13|





|Bebe Nanki Charitable Trust|Bebe Nanki Charitable Trust||
|---|---|---|
|Trust Information|||
|For the year ended|31stDecember, 2024||
||Charities Registration Number:|508859|
||Governing Document:|Trust Constitution|
|||(Last Updated on 19thNovember, 2016)|
||Address:|189 Rookery Road|
|||Handsworth|
|||Birmingham|
|||United Kingdom|
|||B21 9PX|
||Trustees:|Mr. Surinder Singh Ajimal|
|||Mr. Balbir Singh Gill|
|||Mr. Avtar Singh Virdee|
|||Mrs. Bimla devi Lyall|
|||Mrs. Nirmaljit Kaur Phull|
|||Mrs. Amarjit Kaur Kalsi|
|||Mrs. Kulwinder Kaur Padhan|
|||Mr. Jaspal Singh Sangar|
|||Mrs. Jackie Davinder Kaur Phull|
||Banker:|Lloyds Bank|
|||Everyday Banking|
|||2 Bankhead Crossway North|
|||Edinburgh|
|||EH11 4DT|
||Auditors:|PBG Associates Ltd|
|||Chartered Accountants and Statutory Auditors|
|||65 Delamere Road|
|||Hayes, Middlesex|
|||UB4 0NN|



Page 1 



## BEBE NANKI CHARITABLE TRUST 

(Registered Charity No: 508859) 

## Trustees' Report for the year ended 31 December 2024 

The trustees present their report and the financial statements for the year ended 31 December 2024. 

## Report of the Trustees for the Year Ended 31 December 2024 

The trustees present their report with the financial statements of the charity for the year ended 31 December 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective January 2019) 

## Structure, governance and management Governing document 

The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity. 

Administration and management of the Trust is in hands of executive committee of 2 members. The Trust management is aware of the potential risks to charity including financial risks and has implemented strategies to control or minimize risks. Assessment have been undertaken of these major risks, governance and compliance with laws and regulations. 

## Reference and administrative details 

Registered Charity number 508859 

## Principal Address 

189 Rookery Road Handsworth Birmingham B21 9PX 

## Reference and Administrative Details 

## Trustees 

The trustees shown below have held office during the whole of the period from 1[st] January, 2024 to the date of this report 

Mr. Balbir Singh Gill Mr. Avtar Singh Virdee Mrs. Bimla Devi Lyall Mrs. Nirmaljit Kaur Phull Mrs. Amarjit Kaur Kalsi Mrs. Kulwinder Kaur Padhan 

## Other changes in trustees holding office are as follows: 

Mr. Kalwant Singh Ajimal – Resigned 20[th] September 2024 

Mr. Daljit Singh Phullar – Resigned 19[th] September 2024 Mr. Jaspal Singh Sangar – Appointed 3[rd] February, 2025 Mr. Surinder Singh Ajimal - Appointed 3[rd] February, 2025 Mrs. Jackie Davinder Kaur Phull - Appointed 3[rd] February, 2025 

## Auditors 

PBG Associates Ltd Chartered Accountants and Statutory Auditors 65 Delamere Road Hayes, Middlesex UB4 0NN 

## Statement of Trustees' Responsibilities 

The trustees are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). 

The law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing the financial statements the trustees are required to: 

select suitable accounting policies and then apply them consistently; observe the methods and principles in the Charity SORP; make judgments and accounting estimates that are reasonable and prudent; and prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business. 

Page 2 



## BEBE NANKI CHARITABLE TRUST 

(Registered Charity No: 508859) 

## Trustees' Report for the year ended 31 December 2024 

## Statement of Trustees' Responsibilities (Continued…) 

The trustees are responsible for keeping adequate accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the accounts comply with the Charities Act 2011, the Charities (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. 

## Objectives and Activities 

The charity is a Sikh temple to provide place of worship for Sikhs to support community in connecting with its religion and integrate into the community through providing general day to day religious and social services to the community including community meals (langar) during services. The services include birthday celebrations, marriage celebrations including legal registrations and funerals. teaching of Punjabi and music including Gurbani kirtan, day shelter for all. Community Service: Providing essential services like free meals (Langar) and shelter for the homeless, alongside food banks and support for vulnerable individuals and families. 

The Sikh Temple has been in existence from the year 1979. The objective of the trust is to Practice, advance, propagate the Sikh religion. Cultural Preservation: Organizing events, exhibitions, and workshops to educate about Sikh traditions, history, music, and language, fostering pride and intercultural understanding. 

Religious Education: Offering classes and seminars on Sikh scripture, philosophy, and ethics, empowering individuals to live by Sikh principles 

## Achievements and Performance of the Trust 

The Charity has continued to provide its wide range of spiritual and religious philosophy services to the community. This includes the advancement of the Sikh religion through propagation and the practice of Sikh Dharam, based on the teachings of our Ten Gurus and Siri Guru Granth Sahib Ji, "The Eternal Guru" — the sacred scriptures of the Sikhs. 

Bebe Nanaki Gurdwara provides a wide range of activities for the community (Sangat), including religious functions such as prayers, Gurpurabs, Amrit Sanchar, Akhand Paths, Kirtan Darbars, civil and religious wedding services, and funeral services. It also serves as a learning hub, offering educational classes, musical training including Harmonium and Tabla, yoga, Panjabi language classes, Gurbani Santhiya, health awareness sessions, and the promotion of Seva (Selfless Service) as well as equal opportunities for women to ensure fairness and inclusion. 

Free vegetarian meals from the Guru's Kitchen (Langar) are provided to all devotees and community members, irrespective of faith, caste, gender or background, with Langar operating to a high food standard agency rating. The Trust Board's vision is to uplift humanity through the practice of Sikh faith values, within a context of shared responsibility, selflessness, love, forgiveness and compassion. The Charity's fundraising continues to rely on voluntary donations and contributions received at religious functions and gatherings. None of this would be possible without the blessings of Siri Guru Granth Sahib Ji Maharaj, the spiritual guidance of our late founder Chairperson Bibi Balwant Kaur Ji MBE, and the continuing support and dedication of our committee, voluntary Sevadaars and congregation. 

The Gurdwara fully participated in Nagar Kirtan in April 2024, and celebrated Siri Guru Nanak Dev Maharaj Ji's Gurpurab (November 2024) and Bebe Nanaki Ji's Janam Utsav (Birthday) in April 2024, alongside all Shaheedi Smagams, Gurpurabs and Vaisakhi celebrations. Throughout the year, Bebe Nanaki Gurdwara also facilitated 60 Siri Akhand Paths, 145 Siri Sukhmani Sahib Paths, 30 Siri Sehaj Paths, 4 Engagements, 2 Weddings, and 29 Funerals. 

The Trust Board and Management Team are planning to renovate and refurbish the Trust's houses in the foreseeable future, to enable educational and recreational classes — disrupted during the Covid-19 pandemic — to resume; this remains a high priority. The Gurdwara's front façade renovation project also remains a high priority. Looking ahead, the Board will continue to build on projects delivered in previous years, with planned areas of development including refurbishing the gents', ladies' and disabled toilets, establishing a library service, improving the front façade, and repairing the empty houses to establish and expand a programme for the elderly and an education centre. These developments will be progressed as resources allow, in line with the Sikh values of Seva (Selfless Service) and Sarbat da Bhalla (Welfare for All). 

The Gurdwara Trustees will continue to provide its core activities in the coming years, ensuring the Charity continuously evolves and improves its services to the community. 

## Financial Review 

These financial statements for the year ended 31 December 2024 have been prepared in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Accepted Accounting Practice). The financial statements are prepared under the historic cost convention. During the year, the charity received total income of £312,048 (2023: £304,170). After meeting its operating, management and administrative expenses, the charity generated a net surplus of £97,344 (2023: £90,199), which has been transferred to the charity's reserves. 

Page 3 



BEBE NA14KZ CHARrrABLE TRilSr
(Regthred Charity Plo.. 508859)
Trustees. Report for the year end￿ 31 DeCern￿r 2024
¢ondu*on th* Tru¥t••o
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The trustees, re¥rf was apkyoved by tho board clln*oes aTh1 ￿gr￿j b•haWty:
Mr. Bal￿r Glll
Trust
Mrs. Arrwrjrt K*
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## BEBE NANKI CHARITABLE TRUST 

(Registered Charity No: 508859) 

## Independent Auditor's Report to the Trustees of Bebe Nanki Charitable Trust 

## Opinion 

We have audited the financial statements of BEBE NANKI CHARITABLE TRUST (the "charity") for the year ended 31 December 2024 which comprise the Statement of Financial Activities (including Income and Expenditure Account), Statement of Financial Position and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland". 

In our opinion the financial statements: 

- give a true and fair view of the state of the charity's affairs as at 31 December 2024 and of its incoming resources and application of resources, for the year then ended; 

have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and have been prepared in accordance with the requirements of the Charities Act 2011. 

## Basis for Opinion 

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. 

## Conclusions Relating to Going Concern 

In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. 

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least 12 months from when the financial statements are authorized for issue. 

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report. 

## Other Information 

The other information comprises the information included in the trustees report, other than the financial statements and our auditor's report thereon. The trustees are responsible for the other information contained within the trustees report. Our opinion on the financial statements does not cover the other information and we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard. 

## Matters on Which We Are Required to Report by Exception 

We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 require us to report to you if, in our opinion: 

the information given in the Trustees' Report is inconsistent in any material respect with the financial statements; or sufficient accounting records have not been kept; or 

the financial statements are not in agreement with the accounting records or returns; or we have not received all the information and explanations we require for our audit. 

## Responsibilities of Trustees 

As explained more fully in the Trustees' Responsibilities Statement set out on page 2-3, the trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the charity's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so. 

Page 5 



## BEBE NANKI CHARITABLE TRUST 

(Registered Charity No: 508859) 

## Independent Auditor's Report to the Trustees of Bebe Nanki Charitable Trust 

## Auditor's Responsibilities for the Audit of the Financial Statements 

We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder. 

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. 

## Explanation as to what extent the audit was considered capable of detecting irregularities, including fraud 

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect irregularities, including fraud. The risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through collusion. The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below. However, the primary responsibility for the prevention and detection of fraud rests with trustees of trust. Our approach was as follows: 

- Enquiring with trust management to gain an understanding of the trust including constitution, activities, financial reporting and known fraud or error and corroborated the same through review of supporting documents and trust board meetings minutes, whether they were aware of any instances on non compliances with laws and regulations or whether they have knowledge of actual, suspected or alleged fraud; 

- Assessing the susceptibility of risks of fraud particularly in relation to management override of controls and misappropriation of assets. In addressing the risk of fraud through management override of controls, tested the appropriateness of journal entries and other adjustments, assessed whether the judgements made in making accounting estimates are indicative of a potential bias, and evaluating the rationale of any significant transactions that are unusual or outside the normal course of the trust’s activities; 

- Identification of Laws and regulations that are of significance in the context of the charity. The key laws and regulations we considered in this context included Charities Act 2011, The Charities (Accounts and Reports) Regulations 2008 and guidance issued by the Charities Commission for England and Wales. Further considering whether there were any indicators of noncompliance with constitution of trust, that could have a material effect on the financial statements; 

- Enquiring with the trust management relating to compliance in relation to trust’s constitution and assessing whether there is any impact on the financial position of the trust; 

- Communication of all relevant laws and regulations and fraud risks to all engagement team members and remained alert of any indications of fraud or non compliance with laws and regulations throughout the audit. 

- The engagement partner assessed the engagement team’s collective competence and capabilities, considering relevant audit experience, engagement complexity, and sector knowledge. 

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulations. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation. 

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council’s website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors. 

## Use Of Our Report 

This report is made solely to the charity's trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charity's trustees those matters that we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not acce **p** t or assume responsibility to anyone other than the charity and the charity's trustees as a body, for our audit work, for **this report, or for** the opinions we have formed. 

**………………………** ……………… 

**Dipak Patel (Seni** or Statutory Auditor) For and on behalf of PBG Associates Ltd Chartered Accountants and Statutory Auditors 65 Delamere Road, Hayes Middlesex UB4 0NN 

Date:               2026 27 July 

Page 6 



## BEBE NANKI CHARITABLE TRUST (Registered Charity No: 508859) Statement of Financial Activities 

For The Year Ended 31 December 2024 

|Notes<br>INCOME AND ENDOWMENTS FROM:<br>Donations and legacies<br>3<br>Other Income<br>4<br>Total Incoming resources<br>EXPENDITURE ON:<br>Charitable activities:<br>-<br>Direct Cost<br>-<br>Support Cost<br>6<br>7<br>Total Expenditure<br>NET INCOME<br>NET MOVEMENT IN FUNDS<br>RECONCILIATION OF FUNDS:<br>Total funds brought forward<br>TOTAL FUNDS CARRIED FORWARD<br>15|2024<br>2023<br>Unrestricted<br>funds<br>Unrestricted<br>funds<br>£<br>£<br>270,908<br>270,845<br>41,140<br>33,325|
|---|---|
||312,048<br>304,170|
||(74,398)<br>(140,306)<br>(78,781)<br>(135,190)|
||(214,704)<br>(213,971)|
||97,344<br>90,199|
||97,344<br>90,199<br>2,937,932<br>2,847,733<br>3,035,276<br>2,937,932|



The notes on pages 9 to 13 form part of these financial statements. 

Page 7 



BEBE NANKI CHARThABLE TRUST
(Registered Charity No.- 508859)
statement of Flnanclal Posltlon
As At 31 December 2024
2024
21n3
FIXED AsseTS
Taryl￿e Assets
2,586,566 2.616.123
2,586.566 2.616,123
CURRENT ASSETS
Debtor5
Cash at bank and In
4.634
854.186
764.187
8S8.820
764,187
Cr•ditor•: Amounts F•lllThg Wrthln On• Y￿r
(47,0881 140.2641
811.T32
723.923
TOTAL ASSETS LESS CUAAEMT UABIUTIES
3,398,298 3.340,046
C¥￿5t￿r*. Amounts F•lling Du• Aft•r Mor•Th•Th OM Y••T
1363,0221 {402,1141
3.035,276 2.937.932
FUNDS OF THE f>lARirY
Unrestdrted Funds
3.Q35.276 2,937.932
3.035,276 2,937.932
TOTAL FUNDS
The Flnancial St•tsments were apryoved by the TFU5tee5 and aut￿￿14￿ tr Issw on s￿ned C￿ b•hall
of the TrLStÈes
Mr. 8alt4rSlngh
Amatyt KaurK•tsl
l<o&•C /fJ4i.
Th• notes on p•ges 9 to 13 part ofthese flnand￿

BEBE NANKI CHARITABLE TRUST (Registered Charity No: 508859) Notes to the Financial Statements For The Year Ended 31 December 2024 

## 1. General Information 

BEBE NANKI CHARITABLE TRUST is an unincorporated charity registered with the Charity Commission, registered charity number 508859. The principal address is 189 Rookery Road, Handsworth, Birmingham, B21 9PX. 

## 2. Accounting Policies 

## 2.1. Basis of Preparation of Financial Statements 

The financial statements have been prepared in accordance with Charity’s Governing document and the Charities SORP (FRS 102) "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)", Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities Act 2011. 

The charity is a Public Benefit Entity as defined by FRS 102. 

The financial statements are presented in Pounds Sterling (£), which is the functional and presentation currency of the charity. Monetary amounts included in the financial statements have been rounded to the nearest pound (£), unless otherwise stated. 

The charity has taken advantage of the exemption in paragraph 14.1 of the Charities SORP (FRS 102) from preparing a statement of cash flows because its gross income does not exceed £500,000. 

## 2.2. Going concern basis of accounting 

The financial statements have been prepared on the assumption that the charity is able to continue as a going concern, which the trustees consider appropriate having regard to the current level of unrestricted reserves. There are no material uncertainties about the charity's ability to continue as a going concern. 

## 2.3. Income 

Income is recognized when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received. 

Cash donations are recognized on receipt. Other donations are recognized once the charity has been notified of the donation, unless performance conditions require deferral of the amount. 

## 2.4. Expenditure 

Liabilities are recognized as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings, they have been allocated to activities on a basis consistent with the use of resources. 

## 2.5. Tangible Fixed Assets and Depreciation 

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. 

Freehold Property 1% (Reducing Balance basis) Fixtures & Fittings 20% (Reducing Balance basis) 

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognized in the statement of financial activities. 

## Impairment of fixed assets 

At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is an indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). 

## 2.6. Financial Instrument 

The charity has elected to apply the provisions of section 11 'Basic Financial Instruments' and section 12 'other financial instruments issues' of FRS 102 to all of its financial instruments.  Financial instruments are recognized in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognized amounts and there is an intention to settle on a net basis or to realize the asset and settle the liability simultaneously. 

Page 9 



## BEBE NANKI CHARITABLE TRUST (Registered Charity No: 508859) Notes to the Financial Statements For The Year Ended 31 December 2024 

## Basic Financial Assets 

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortized cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate interest. Financial assets classified as receivable within one year are not amortized. 

## Basic Financial Liabilities 

Basic financial liabilities, including creditors and bank loans are initially recognized at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortized.  Debt instruments are subsequently carried at amortized cost, using the effective interest rate method. 

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payables are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognized initially at transaction price and subsequently measured at amortized cost using the effective interest method. 

## Derecognition of financial liabilities 

Financial liabilities are derecognized when the charity's contractual obligations expire or are discharged or cancelled. 

## 2.7 Cash and Cash Equivalents 

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts. 

## 2.8 Fund Accounting 

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Designated funds comprise unrestricted funds that have been set aside by the trustees for a specific purpose. Restricted funds are to be used for specific purposes as laid down by the donor. 

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. 

## 2.9 Interest Expenses 

Interest expense is typically recognized as an expense in the statement of financial activities when it accrues. 

## 2.10 Taxation 

The charity is exempt from tax as all its income is charitable and applied for charitable purposes 

## 2.11 Critical Accounting Estimates and Judgements 

In the application of the charity's accounting policies, the Trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognized in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both the current and future periods. 

## Provisions for Liabilities 

Provisions are recognized when the Trust has a present legal or constructive obligation as a result of a past event, it is probable that an outflow of economic benefits will be required to settle the obligation, and a reliable estimate of the amount can be made. Provisions are measured at the best estimate of the expenditure required to settle the obligation at the reporting date, taking into account risks and uncertainties surrounding the obligation. 

Page 10 



## BEBE NANKI CHARITABLE TRUST 

## (Registered Charity No: 508859) Notes to the Financial Statements (continued) For The Year Ended 31 December 2024 

## 3. Income from Donations and Legacies 

|Donations and gifts<br>Gift aid<br>4. Other Income<br>Rental Income from properties<br>5. Net Income<br>The net income is stated after charging:<br>Depreciation of tangible fixed assets - owned<br>6.Direct Costs<br>Langar Cost:<br>- Food supplies<br>- Gas*<br>7. Support Costs<br>Premises expense<br>General administration<br>Depreciation<br>Interest payable|2024<br>Unrestricted<br>funds<br>£<br>268,828<br>2,080|2023<br>Unrestricted<br>funds<br>£<br>251,166<br>19,679|
|---|---|---|
||270,908|270,845|
||2024<br>Unrestricted<br>funds<br>£<br>41,140<br>2024<br>£<br>29,557<br>2024<br>£<br>52,405<br>21,993<br>74,398<br>2024<br>£<br>60,830<br>14,270<br>29,557<br>35,649<br>140,306|2023<br>Unrestricted<br>funds<br>£<br>33,325<br>2023<br>£<br>30,713<br>2023<br>£<br>39,514<br>39,267<br>78,781<br>2023<br>£<br>58,738<br>10,613<br>30,713<br>35,126<br>135,190|



*Gas Expenses included in Langar Cost (Direct Expenses) amounting to 39,267 has been reclassified from support cost to direct cost this year end considered necessary to facilitate comparision with current year figures. 

## 8. Trustees’ remuneration and benefits 

There were no trustees’ remuneration or other benefits for the year ended 31 December 2024 nor for the year ended 31 December 2023. 

Trustees’ expenses 

There were no trustees’ expenses paid for the year ended 31 December 2024 nor for the year ended 31 December 2023. 

Page 11 



## BEBE NANKI CHARITABLE TRUST (Registered Charity No: 508859) Notes to the Financial Statements (continued) For The Year Ended 31 December 2024 

## 9. Auditor's Remuneration 

Remuneration received by the charity's auditors during the year was as follows: 

||2024|2023|
|---|---|---|
||£|£|
|Audit Services|||
|Audit of the Trust's financial statements|3,000|3,000|



|Remuneration received by the charity's auditors during the year was as follows:|Remuneration received by the charity's auditors during the year was as follows:|Remuneration received by the charity's auditors during the year was as follows:|Remuneration received by the charity's auditors during the year was as follows:|Remuneration received by the charity's auditors during the year was as follows:|Remuneration received by the charity's auditors during the year was as follows:|
|---|---|---|---|---|---|
|Audit Services<br>Audit of the Trust's financial statements<br>3,000<br>3,000<br>2024<br>2023<br>£<br>£||||||
|10.Average Number of Employees<br>Average number of employees during the year was: NIL (2023: NIL)<br>11. Tangible Assets<br>Cost<br>As at 1 January 2024<br>As at 31 December 2024<br>12. Debtors<br>Due within one year<br>Prepayments<br>13. Creditors: Amounts Falling Due Within One Year<br>Bank loans<br>Other creditors<br>Depreciation<br>As at 1 January 2024<br>Provided during the year<br>As at 31 December 2024<br>Net Book Value<br>As at 31 December 2024<br>As at 1 January 2024|£<br>3,067,711<br>3,067,711<br>Land &<br>Property<br>(Freehold)<br>469,461<br>25,982||£<br>151,661<br>151,661<br>2024<br>£<br>4,634<br>Fixtures<br>&<br>Fittings<br>133,788<br>3,575<br>137,363<br>14,298<br>17,873||£<br>3,219,372<br>3,219,372<br>Total<br>603,249<br>29,557|
||495,443||||632,806|
||2,572,268<br>2,598,250||||2023<br>£<br>-<br>2,586,566<br>2,616,123|
||||2024<br>£<br>39,092<br>7,996<br>47,088||2023<br>£<br>34,491<br>5,773<br>40,264|



Page 12 



## BEBE NANKI CHARITABLE TRUST (Registered Charity No: 508859) Notes to the Financial Statements (continued) For The Year Ended 31 December 2024 

## 14. Creditors: Amounts Falling Due After More Than One Year 

|Amounts falling due between one and five years:<br>Bank loans<br>15.Movement in Funds<br>Unrestricted funds<br>General:<br>General unrestricted fund<br>Total funds<br>Unrestricted funds<br>General:<br>General unrestricted fund<br>Total funds|As at 1<br>January<br>2024<br>£<br>2,937,932<br>2,937,932<br>As at 1<br>January<br>2023<br>£<br>2,847,733<br>2,847,733|Income<br>£<br>312,048<br>312,048<br>Income<br>£<br>304,170<br>304,170|2024<br>£<br>363,022<br>Expenditure<br>£<br>(214,704)<br>(214,704)<br>Expenditure<br>£<br>(213,971)<br>(213,971)|2023<br>£<br>402,114<br>As at 31<br>December<br>2024<br>£<br>3,035,276<br>3,035,276<br>As at 31<br>December<br>2023<br>£<br>2,937,932<br>2,937,932|
|---|---|---|---|---|



## 16. Related Party Disclosures 

There were no related party transactions for the year ended 31 December 2024. Throughout the current year and previous period, the charity was not under control of any single individual or entity. 

## 17.   Post Balance Sheet Events 

Post Balance Sheet events have been evaluated till the date on which is the financial statements were issued. There are no Post Balance Sheet events which have impact on the financial statements. 

Page 13 



## BEBE NANKI CHARITABLE TRUST (Registered Charity No: 508859) Detailed Statement of Financial Activities For The Year Ended 31 December 2024 

|INCOME AND ENDOWMENTS FROM:<br>Donations and legacies<br>Donations and gifts<br>Gift aid<br>Other<br>Rental and other income from property<br>EXPENDITURE ON:<br>Langar Expenses:<br>Food Supplies<br>Gas<br>Support Cost:<br>Electricity<br>Water rates<br>Repairs and maintenance<br>Cleaning<br>Insurance<br>Printing, postage and stationery<br>Telecommunications and data costs<br>Audit Fees<br>Professional Fee<br>License Fees<br>Bank Charges<br>Depreciation<br>Bank interest<br>NET INCOME|2024<br>Total<br>funds<br>£<br>268,828<br>2,080<br>270,908<br>41,140<br>41,140<br>312,048<br>(52,405)<br>(21,993)<br>(74,398)<br>(30,631)<br>(13,087)<br>(14,804)<br>(2,307)<br>(3,094)<br>(48)<br>(992)<br>(3,000)<br>(4,200)<br>(2,092)<br>(845)<br>(29,557)<br>(35,649)<br>(140,306)<br>(214,704)<br>97,344|2023<br>Total<br>funds<br>£<br>251,166<br>19,679|
|---|---|---|
|||270,845<br>33,325|
|||33,325|
|||304,170<br>(39,514)<br>(39,267)|
|||(78,781)|
|||(9,623)<br>(3,562)<br>(43,008)<br>(2,545)<br>(4,410)<br>-<br>(885)<br>(3,000)<br>(2,000)<br>(318)<br>-<br>(30,713)<br>(35,126)|
|||(135,190)|
|||(213,971)<br>90,199|



(This page does not form part of the Financial Statements)