REGISTERED CHARITY NUMBER: 509504 REPORT OF THE TRUSTEES AND D FINANCIAL STATEMENTS FOR THE YEAR EiYD 1ST DEC R 2025 FOR GURDWARA GURU NANAK PARKASH R Pau & Co Limited Chart¢red C¢rtified Accountants & Statutory Auditors 12-16 Station Street East Coventry West Midlands CV6 5FJ
GURDWARA GURU NANAK PARKASH CONTENTS OF THE FINANCIAL STATF.MENTS FOR THE YEAR ENDED 31ST DEC BER 2025 Page Report of th¢ Trustees Rcporl of the IDd¢pemdent Auditors ststement of Flnancial Aetivities 10 Balance Shee¢ Cash Flow Statement 12 Note5 to the Cash Flow Ststement 13 Note5 to the Flnancial Statements 14 to 21 Detjiltd Statement of Financial Activiti¢$ 22 to 23
GURDWARA GURU NANAK PARKASH REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2025 The trustee5 pr¢s¢nt their report with the financial statements of the charity for the year ended 31%t December 2025. The truslees have adopted the provisions of Accounting and R¢porting by Charities.. Siaiement of Rxommended Praclice applicable to charities preparing their accouttts in cOrdanCe wilh the Financial Reporting Standard appli¢able tn the UK and Republic of Ir¢land (FRS 102) (effective l January 2019). OWECTIVES AND ACTIVITIES Objective5 4nd alms The objectives detailed in the governing document are.. To promote the Sikh religion in the area of benefi¢ by th¢ following mean5 and by such other means as the committee shall think fit.. (a) The maintenance of a place of worship (b) The ¢elebration of Sikh religious festivals (c) The conduct of baptism, matTiage and funeral ritrs in accordan¢¢ with Sikh religious observance (d) The establishment of a librnry containing books in Punjabi and English on Sikh religion, history and Culture (e) The inslni¢tiot) of ¢hildren and adults in Sikh religious prin¢ipl¢s and promoting the application of th05¢ principlcs generally to relationships within and outside the Sikh comnwnity. Each year the tNStees review the activities of the Gurdwara in order to ensure that they continue to reflect the objectives sd out in the governing document. In carrying out this review the tnle¢S h&ve wnsidered th¢ Charity Commission's general guidance on public benefit and, in particular, its supplemeTJtary guidance on ihe advancement of religion for th¢ public bemefit. It is the trustee's opinion that the operation of the Gurdwara in its pres¢ni forni is for the public benefit under the principles sel out in the Charity Commission guidance. The Grdwara is open 365 days of the year to Sikhs and non-sikhs alike and is free to all. We provide regular public servic¢$, blessings and ceremonies. We provide culiural and edu¢ational classes to promot¢ the Sikh religion and the Punjabi languag¢. In addition, the Gurdwara off¢rs a regular meeting pla¢¢ for elderly people in the local community and caters to their physical and spiritual n¢eds. Volunte¢rs The charity is grateful for th¢ unstinting efforts of its YolunÉeers who ar¢ involved in servi¢¢ provision and rnnning the Gurdwara. Without thi5 effort the Gurdwara ¢ould not function. The Gurdwara rcquires over 69,253 hours of volunteefs etTorts irt this year to cary it5 obli8ations. It 15 di](Ult tts aiiribute an economie value 10 this contribution that the volunteers moke of their time, but it is rrueial to the basic fvnction of the Charity. The exccutive ¢ommitLee ertsures that best Yalue is derived from ihe efforts of the volunteers. Page I
GURDWARA GURU NANAK PARKASH REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2025 ACHIEVEMENTS AND PERFORMANCE Charitable activitie5 The GurdwaTa fulfill¢d its objectives thi5 year by.. {a) The maintenance of a place of worship The Gurdwara provided personnel and a pla¢e to worship for Sikh5 and non-sikhs alike. Religious serviees for the congregation were condu¢t¢d. (b) The celebraiion of Sikh religious festiva15 The Gurdward celebrates public religious fr5tivals. (c) The condud of baptism, maNiage and funtrai rites in accordanc¢ with Sikh religious observance Baptisrns, rnarriages and funeral rites were conducted during the year. (d) The establishment of a library containing books in Punjabi and English on Sikh religion, history and culture Th¢ Gurdward provides a librdry of books on Sikh religion. history and culture in Punjabi and English. {¢) The insu¢tion of children and adults in Sikh r¢ligious principles and promoting the application of those principles generally to r¢lationships within and outside the Sikh community. Instntctions and disc(iurses were conduaed regularly, ot) religious principles. The Priests cany out and ¢o-ordinate much of that work In addition, lessons in Punjabi are given regularly. We are, therefor¢. happy lo report that we have achieved our objective5 this year. These acliyities provide a public benefit to those who worship at our Gurdward and th¢ local community. The primary mejsure of success or failure of these activitie5 is the number of people making use of the Gurdwara and the services it provid¢s. Attendances continue to improve. Issues outstanding fri)m last years report The ¢harity has coniinued to engagc with relevant parties in relation to planning rnatters associated with the Salvation Army site. Discussions remain ongoing at the year end, and the trustees arc working to achi¢ve a satisfactory outcom¢. The matter does not ¢urr¢ntly impact the Charitys ongoing activiti¢S. The trustees continue io fo¢us on the long-term development and effective use of the ¢haritys properties. in¢luding those at L¢iG¢ster Causeway, with a view to supporting and expanding the charitys activities for publi¢ benefit. Issues arising this year During the year, the charity undert(M)k a number of SI1r1¢an1 capital proje¢ts and improvements to enhanc¢ its facilities and botter serve the community. A new sports hall wa5 constriicted. providing additional space for r¢¢reaiional. cultural alld community activities. Thc charity also invest1 in irnprovements to air conditiolling systems within the temple. enhancing colnfort and accessibility for visitt>rs and supporting increased use of ihe facilities. The charity further expanded its property Portfolio with the acquisltion of an additional PTopeTty 4t Leicester Causeway, strengthening its capacity for fvture development and s¢rvice delivery. Refurbi5hmeni works were completed at 10 Church Street, improving the condition &bIlity of the premises. In additiOD, the charity acquired a van to support ils operational and logi5ti¢uI requirements. These developments have ¢nabl¢d the charity to ifftprove the quality of its facilities and broaden the range of activities it is able to provide. in rthern¢¢ of its charitable objectlV¢5. Page 2
CURDWARA CURU NANAK PARKASH REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2 25 Future ISSL The trustees intend to continue focusing on tlle development of the Salvation Amy siie. subject to th¢ ou(com¢ of ongoing discussions. Further improvements ar¢ planned across the Charity's propcrtie$, particularly at l.¢icesier Causeway, Lo enhance fachlit1¢5 Jnd support increased CornUnitY engagement. The trustees also plan io continuc invcsiing in air conditiot)ing and related infrastructur¢ io further improve the environment for us¢rs of the charity's premises. In plarffting thes¢ activities, the t)uste¢s have had regard to th¢ Charity Commission'5 guidance on public benefit and remain committed to ensuring that the charity'$ resources are applied effectively in support of its obje¢tives. FINANCIAL REVIEW Reserves policy Funds are collccied through voluntary donations to finance the Charity's activiti¢s and it is (his income that funds the work of th¢ ¢harity. The net incoming resources for the year amounied to £311.133 and this w&8 attributable ¢0 general res¢rve5. which now stand at £5.978,130. With regard to those generdl reserves. a policy has been established wher¢by the unrestrict¢d ndS not Committed OT invested in tangibl¢ f]xed assets, (Ihc free reserves). held by the Gurdwara Should be between 12 and 18 months of the aT)nual resources expended whirh ¢quates to £300,000 to £450.000 in gcneral funds. It Is feli that. at this l¢vel, it would be p05sibl¢ to coniinue the curren¢ arlivities of the Gurdwara in the event of a significant drop in donations. This would Ihen give sufficient time to ¢onsider how th¢ funding would be replaced or the activittcs changed. Overdll, in this year, liabilities have decreased, and T¢5¢rves have incr¢asEd. Free reserves have not reached the thrget range mentioned above. In this yeur the free reserves have not reached these target levels. For the foreseeable future nct incoming resources will continue to be accumulated. (subject to the expendilure on Capital projeBts planned and the repayment of loans). The prllnary fundin8 source is donations from the Gurdwara ¢ongregation. Th¢ fLdS from this source are used to provide the congregation with a well maintsined Gurdwara and other resources in order to achiev¢ ihe objectives of the charity. Donations decr¢ed this year as attendan¢cs continued to re¢over forni the pandemic low. Expenses increased correspondingly but this still allowed for an overall increase in Net incotne. We expe¢t gross donation5 to continue to improve in this Coming year. Attendances continue to grow. The ¢ommittee is saiisfied with these results ov¢rall and we will endeavour to maintain. and iJnprove upon, this level of incotne into th¢ future. FUTURE PLANS With regard to futur¢ strategy, the Charsty plan5 to continue the activities outlined above subjecl 10 satisfactory fithding arrangement5, (prirnarily donations). STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document Th¢ ¢harity Wds e8tablÉshed in 1980 aft¢1 the adoption of a c(Trnstitution dated IO¢h August 1979. Th¢ governing do¢ument was amended by a scheme proposed by the charity commission in July 1993 and thi5 was amcnded by another charity commission scheme in March 1998. Pag¢ 3
GURDWARA GURU NANAK PARKASH REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2025 STRUCTURE, GOVERNANCE AND MANAGEMENT Organisatlonal structure There are fiv¢ holding Irusttts who are appointed by th¢ executive committee on¢¢ every five years. They are responsible for administ¢ring the Land and Buildings of the Charity in accordance with the lowful direciions of the omrnittee. They are also responsible for a)Tanging for the election of the exccutive committee by th¢ membcrship. Althou7 th¢ is no express provision in th¢ constitution, it is established practise that the holding tsu5tees sign the annual financial statemenls There are no persons, external to the charity, which are entitled to appoin¢ trustees. The executive committee is elected every two years by the membership and is responsible for the general rnanagement and control of the charity as well as the day to day running of ihe Gurdwara. As Such they are regarded as the trustees of the charity wjder the Charities Acl. New Committee members are brieftd in their duties by the oing Committee members. The exe¢u¢iv¢ ¢ommittee meets monthly to consider the proper running of the charity and lis activitie5. In addition. from time to time, short temi sub4ommiltee5 are created and then dir¢ct¢d by (he Committee to d¢al with specific rnallers. Those sub-committees reporf ba¢k to the Committee which then considers their recommendations. There are no relaled parti¢s. REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number 509504 Principal address 71- 81 Harnall Lan¢ West Coventry West Midlands CVI 4FB Truste Mr B S Kh8tr& Mr H S Pangli Mr S S Dehil Mrv P Singh MrJ S Bhambrn Audilors R Pau & Co Limited Chart¢r¢d Certified Account8nts & Statutory AuditOTS 12-16 Station Stre¢t E45¢ Coventry West Midlands CV6 SFJ Banker5 HSBC Bank PIC 442 Foleshill Road Coventy CV6 SAL Page 4
GURDWARA GURU NANAK PARKASH REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER Z025 REFERENCE AND ADMINISTRATIVE DETAILS Executive committee The executive rornmittee retains control of the day-to-d)y management of the Charity. Pr¢sident Mr Rajinder Singh Manak (appointed 25105r2025) Mr Amarjit Singh Khatra (tern) of office end¢d 2510512025) Vice President Mr Balbir Singh Dhami (appointed 25105n025) Mr J&groop Singh (terni of orricc ended 2510512025) General Secrelary Mr Surbjit Singh Toor (appointed 25105n025) Mr Dalwinder Singh Swndhu {ierni of office ¢nded 2510512025) Assistant Generdl Seor¢tary Mr Gurdip Singh Shergill lappoint¢d 2510512025) Mr Mohinder Singh (terni of office ended 2510512025) Treasurer Mr Iqbal Singh Sandhu (appointed 2510512025) Mr Sitsl Amrik Singh Sohal {temi of office ended 25105120251 Assistant Treasuier Mr Chamjit Singh Soomal (appointed 2510512025) fr Kashtnir Singh Johal {term of office ended 2510512025) Stsge Secretsry Mr Manlvjoyt Singh Dhillon (appointed 2510512025) Mr Gulvinder Singh Liddar (tenn of office ended 2510512025) Assistant Stsge Secr¢iary Mr Sharan sgh (appointed 25105ll025) Mr GuTj¢et Singh (t¢rn] of office ended 25105n025) Education Se¢rctary Mr Steven Singh Purewal (appointed 25105ll025) Mr Galen Singh Bahi& (term of oifice ¢nded 25105ll025) Maintenance Secretary Mr Buta Singh (appointed 2510512025) Mr Inderpal Singh Sangha {terni of offic¢ ended 2510512025) Kihen and Store S¢cr¢tsry Mr Dilbar Singh Thandi {appoinled 25105f2025) Mrs Hardip Kaur Shcrgill (temi of offic¢ ended 25105ll025) Sports Secretary Mr Parn)vttr Singh Virk (appointed 2510512025) Mr Pardeep Singh (terni of otyice ended 2510512025) Librarian Mr Pamipreet Ssngh {POint¢d 2510sr2025) Cfropted Commillee Members Mrs Surinder Kaur18ppointed 2510512025) Mr Haminder Singh (appointed 2510512025) Mr Hariinder Singh GuhuDia (appointed 2510J12025) Mr5 Sukhvir Kaur Khela (apwinted 25/05023) Mr Baldev Singh Sandhu (appoinied 2510512025) Mr Parmjeet Singh (appointcd 2510312025) Mr Jarnail Sinsh Somal (appointed 2510512025) Mrs Parrnjit Kaur (appointed 25105ll025) Mr Jaswinder Singh (terrn of office ended 2510512025) Mrs Jaswinder Kaur Thandi (terni of otTice ended 2510512025) Mr Harpal Singh (temi of otTice ended 2510512025) Pag¢ 3
GURDWARA GURU NANAK PARKASH REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2025 REFERENCE AND ADMINISTRATIVE DETAILS Mr Simranpal Singh {terni of office ¢nded 2510512025) Mr Kulwant Singh Man¥k (lerrn of office e))dcd 2510512025) Mr Pargat Singh (term of office ended 251Q512025) Mt5 Narinder Kaur Sangha (terni of 0)¢¢ ended 2510512025) Mr Daljit Dhami (terni of offi¢e ended 2510512025) Mr Major Singh {tem) of office ended 2510512025) STATEMENT OF TRUSTEES, RESPONSIBILITIES The tsvstees are r¢5POrtsible for preparing the Report of the Tnjstees and the financial statements in accordan¢e with applicablc12w and United Kingdom Accounting Standards (United Kingdom Genernlly Accepted Accountin8 Practice). Charity law require5 the trustees to prepare financial statements for each financial year. Under that law, the ttuste¢s have ele¢ted to prepare the financial statemenis in accordance with United Kingdom Gellerally Accepled Ac¢ounting Practice (United Kingdom Accounting Siandardg and applicable law). Under charity law the trustees must not approv¢ th¢ financial statements unle&s they are satisfied (hat they give a true and fair view of ihe state of affairs of the charity and of thc incoming resource5 and application of resources, inrluding th¢ income and expendille. of the clwity for thal period. In prepaTing those fll)ancial 5taloTnents. the tru5t¢es are requir¢d io select suitabl¢ 2ccounting policies and then apply th¢wn consistently- observe the methods and principles in the Clwities SOE¢P. make judgements and estimates that are rea50nable and prudent- state wh¢ther applicable accounting standards have been followed, subject to any material departures disclosed and explained in she financial staiements. prepare the fmancial statements on the going concern basis unless it is inappropriate to presume that the chariry will continue in business. The tTh5t¢¢5 are responsiblc for keeping proper accounting records which disclose with reasonable arcuracy at any time the financial position of the charity and to enable them to ensure that the financial sthtements comply with the Charities Act 2011 and The Charity {Accounts and Reports) Regulations 2008. They are also responsible for safeguarding the assets of the charity and henc¢ for taking reasonable steps for the prevention aDd detection of fraud and other irregularities. Disclosure of inforniaiion to 74uditor Each tnjstee has taken 5tep5 that they ought to have taken a5 a trustee in order to make them5¢1ves aware of any relevant audit infomiation and io establish that the charitys auditor is aware of that information. 'fhe trnstees confirnj that there is no relevant inforniation that the know of and of which they know the audit 15 aware. Approved by order of the board of ffiistses on 29th April 2026 and signed on its behalf by.. TNslee Page 6
REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF GURDWARA GURU NANAK PARKASH Opinion We have audited the financial statements of Gurdwara Guru Nanak Paash (the '¢harity') for the year ended 3 1st D¢c¢rnber 2025 which comprise th¢ Statement of Financial Activiti¢s, the Balance SheeL the Cash Flow Statement and notes to the finan¢ial statements. including 3 summary of significant aOunting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Stsndard5 (United Kingdom Generally Accepted Accounting Practice). In our opinion the fu1¢1a[ statements: give a true and fair view of the sthte of the Charity's affairs as at 31st December 2025 and of its incoming resouT¢es and application of resource5, for the year then ended- have been propErly prepared in accordance with United Kingdom Gen¢raSly Accepted Accounting Practice. and have been prepared in accordance with the requirements of the Charities A¢t 2011. Basis for opinion We tonducted our audii in accordan¢e with International Standards on Auditing (UKI (ISAS (UK}) and applicable law. OUT reswnsibilities under those stsndard5 are fiffther described in the Audiiors, responsibilities for the audit of the financial stateentS section of our report. We are independent of the charity in accordance with the ethi¢al requirement5 that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical Standard, and we have fvlfilled our (xher eihical responsibilities in accordance with these requircm¢nt5. We believe that the audii evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Conclusions rel*tlng to golng concern In auditing the financial sthiements, we hav¢ ¢oncluded that the trust¢es' use of the going toncern basis of accounting in the preparation of the financial ststements is appropriate. Based on the work we have perfomied, we have noi identified any Tnaterial uncertaintie5 T¢lating to events or condition5 that, individually or collcctively, rnay cast significant doubl on the charity's abilily to continue a5 a going concern for B periiKi of at least twelve months from when the fmancial stat¢Tnents are authorised for issue. Our r¢sponsibilities and the responsibilities of the trnstees with respect to going concern are described in the relevant seclions of thi5 r¢port. Other informatlOD The trusttts are responsible for the other information. The other inforniation comprise5 the inforniation in¢luded in the Annual Repoffj other than the fjnancial statements and our R¢port of the Independent Auditors th¢reon. Our opinion on the fll)ancial st&t¢ments does not cov¢r the other inforrnation and, except to the exnt othenvise explicitly stat¢d in our r¢port, we do n(Trt ¢xpress any forni of assurance conclusion thereon. In ¢omJe¢tion with our audit of the fiThancial statements, our responsibility is to read the oth¢r inforniation and, in doing so. consider wheth¢r the other infomhation is materially ineonsistent with the financial sialements tsr our knowledge obtained in the audit or oihcnvise appears w be materially rni5Stated. If we ideDlify such material inconsistencies or apparcnt malerial mi5Statements, we are required to determine whether this gives rise to a rnaterial misstatement in the financial staiemenis themselves. If, based on the work w¢ have perfonn¢4 we conclude that there is a Trwt¢rial misstatemenl of this other infomiation, we are required to report that fact. We have nothin8 to report in this regard. Matter5 on whfieh we are required to report by exceptlon We have nothing to report in respect of th¢ following matters where the Charities (A¢¢ounts and Reports) Regulaiions 2008 requires us to report to you if, in our opinion.. the infom)ation given in the Report of the Trustees is tnconsi5tenl in any material respe¢l with the financial stalements; or sufficienl accounting records have not been kept; or th¢ financial statements ar¢ not in agreement with the accounting records and reNrns' or we have not r¢¢eived all the inforniation and explanations we quire for our audit. Pag¢ 7
REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF GURDWAK4 GURU NANAK PARKASH Responsibilities of trustees As explained more fully in the Statement of TTUStees' Re$ponsibilitie4 the ttustees are responsible for the pr¢paration of the financial statements which give a true and fair view. and for such intemal control the rnLStees deternjine is necessary to enable the preparation of financial statements ihat are free from material misststement. wh¢ther due to fraud or error. In preparing the financial 51at¢ment5. the trnstees are responsiblc for assessing the ¢harity's ability to continue as a goiTtg concern, disclosing, as applicable, matter5 related io going conccrn and using thc going Concern basis of ac¢owiiing unles5 the tNses ¢ith¢r intend to liquidate the clwity or to cease operation4 or have no realisii¢ altern1Ve but to do 50. Our responsibilities for the audit of th¢ flnanelal statements We have been appointed as auditors under Section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having efftct thereunder. Our objectives are to obtain T¢asonable assurance about whether the financial statements as a whole are free from material mi5Statemertt. whether due lo fraud or error. and to issu¢ a Report of the Indep¢nd¢nt Auditors that includes our opinion. Reasonable assurance is a high level of 8ssurdnce. but is not a guarantee ihat an audit conducted in accordance with ISAS (UK) will always detcet a material misstalernent when it exists. Misstat¢ments can arise frorn fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected ¢0 influence the economic decisions of users iak¢n on the basis of thes¢ fmancial statements. The extent to which our procedures are capable of d¢t¢cting itTegulorities, including fraud is detailed below- Based on our und¢rslanding of the charty and the sector in which li operatcs. wc identified the prin¥ipal risks of non-compliance with laws aDd regulations related to the acts by ihe charity, which were contrdry to applicable laws and r¢gulations including fraud, and we consider¢d the extent to which non-compliance mighi have a material effect on th¢ financial statements. We a150 considered those laws and regulations that have a direct impact on the preparntion of the financial statements such as the Companies Act 2006. We evaluated maDagem¢nt's inceniive5 and opportunitie5 for fraudulent manipulation of the financial statements {including the risk of overrid¢ of controls), and d¢termined that the principal risks were related to inflated revenue and the charity5 nel in¢ome for the year. Audit procedures perfortned included- review of the fmancial statement disclo5u to underlying supporting dUrn¢tafl0n. review of correspondence with and reports to the regulators, including COTrespondence with the Charity Commission, review of correspondenc¢ with legal advisor& enquiries of management, and In testing of journals and evaluating whether there was evidence of bi&s by the trnstees that r¢prrswJted a risk of material mis5tst¢ment due to fraud. There are inherent limiiations in the audit pro¢edur¢s described above and the further removed non compliance with laws and regulations is from the events and trdnsactions reflected in th¢ finaneial statements, th¢ less likely we would become aware of it. Also, the risk of not detecting a material missiatement due to fraud 15 higher than the risk of not detecting one resulting from error, as fraud may involve deliber& ¢oncea]rnent by> foT example, forgery or intentional misrepresentations. or through ¢ollu$ion. A further description of our responsibilitie5 for the audit of the financial stAtemen(s is locat¢d on the Financial Reporting Council's websiie at www.frc.org.uklauditor5re5ponsibilities. This d¢scription fornis part of our Report of the Independent Auditors. Pa8e 8
REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF GURDWARA GURU NANAK PARKASH Ust of our report This report 15 made solely to the charity's tnjstees, as a body, in accordance wlth Part 4 of the Charities (Accounts and R¢ports) Regulations 2008. Our audit work ha$ been undertaken 50 thai we might state to ihe chariW5 trustees those matters we are required to state io them in an auditors, report and for no other purpose. To the fullest extent perniitted by law, we do not accept or assume responsibility to anyone other than the charity and the ¢harity's trustees &% a body, for our audit work, for this report, or for the opinions we have formed. R Pau & Co Limited Chart¢r¢d Certified Accountants & Statutory Auditors 12-16 Station Street East Covenlry WESt Midlands CV6 5FJ 29th April 2026 Pag¢ 9
GURDWARA GURU NANAK PARKASH STATEMF T OF FINANCIAL A REf4 DE TIVITIES EM 2025 Unr¢slri¢ted fund 2024 Totsl fund5 Notcs INCOME AND ENDOWMENTS FROM L)onations and legacies 997.279 1,006.930 Other income 52.270 38,590 Total 1,049,549 1,045,520 EXPENDITURE ON Raising funds 618,186 601,850 Ch#rltgbl¢ actlvltks General 44,235 47.174 Other 75,995 59,147 TotAI 738.416 708,171 NET INCOME 311,133 337,349 RECONCILIATION OF FUNDS Total fund5 brought fonvard 5,666,997 5,329,648 TOTAL FUNDS CARRIED FORWARD 5,978.130 5,666,997 Th¢ note5 fomi part of th¢se financial statements Page 10
CURDWARA GURU NANAK PARKASH BALANCE SHF.ET 31ST DECEMBER 02 2025 2024 Total funds Unrestricted Notes FIXED ASSETS Tangible a55¢ts io 6,274.316 5,943,480 CURRENT ASSETS Debtors Cash at bank and in hand 121,428 174,902 142,431 207.349 296.330 349,780 CREDITORS Arnounts falling due within one year 12 (56,056} (58,991) NET CURREf4T ASSETS 240,274 290,789 TOTAL ASSETS LE&8 CURRENr LIABILITIES 6.514.590 6.234269 CREDITORS Amounts falling due after more ihan one year 13 1536,460) (567272) NET ASSETS 5,978,130 5,666,997 FUNDS Unrestricted fimds 16 5.978,130 5,666,997 TOTAL Fuf4DS 5.978.130 5.666.997 The financial 5tat¢m¢nts were approved by thc Board of Tru$t¢es and authorised for issue on 29th April 2026 and w¢re S)ed on its behalf by: &obiP SILL Trustee IPEkL g4fv10H. Trnstee The notes forn) part of thes¢ finanrial statements Pagell
GURDWARA GURU NANAK PARKASH CASH FLOW STATEMEIYT R THE YEAR ENDED 31ST DECEMBER 202S 2025 2024 Notes C¥$h fluws from operatittg activities Cash gen¢rated from operations Inierest paid 436,835 (36,197) 490,989 (31,267) Net cash provided by operating adivili¢5 400,638 459.722 Cash lknws from investing 8e¢lvlties Purchase of tangible fixed assets (406,829) (980,729) Nct cash used in tnvesting activities (406,829) (980.729) Cash nows from financing etlvltle8 New loans in year Loan repayments in year 592.261 (26,256) Net cash {used inllprovid¢d by fmancing aclivilies (26,256) 592.261 Ch&nge in cash and c85h equivalents in the reporting period Csh and cash equiYalent5 8t the beglnning of the reporting peri¢xl {32,447) 71.254 207,349 136,095 Cash and cash equivalents at the end of the reportfing peri4xI 174,902 207,349 The notes foTm part of these financial statements Page 12
CURDWARA GURU NANAK PARKASH NOTES TO THE CASH FLOW STA TEMENT FOR THE YEAR ENDED 31ST DECEMBER 2025 RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING AcfIviTIES 2025 2024 Nel Incom¢ for the reporting period (AS per tbe Statement of Financlal Activities) Adjustments for: D¢preciation charges Loss on disposd of fixed assets Interest paid Decr¢ase in debtors (Decrea5eyincrease in creditor5 311,133 337J49 75,653 342 36.197 21,003 (7,493) 59.147 31267 45,182 18.044 Net cash provided by operations 436,835 490,989 ANALYSIS OF CHANGES IN NET DEBT At Iiif25 C&sh flow At 3 lllJ?5 Net Cash Cash at bank and in hand 207,349 (32,447) 174.902 207.349 (32,447) 174.902 Debt Debis falling due within l year Debts falling due after l year (24.988) (567,272) {4.556) 30,812 (29,544) {536,460) (592,260) 26,256 (566,004) Tot81 (384,911) (6,191) (391,102) The notes forni part of the5t fala1 5tatrmeThts Page 13
GURDWARA GURU NANAK PARKASH NOTES TO THE FINA IAL STATEMF.NT 1ST CHARITY STATUS The charity is limited by guarnntee, incorpordted in England. and Consequently does not have share capithl. Eaeh of the trustees is liable to Gontribute an amollnt noi exceeding £1 towards the assets of the charity in the event OF liquidation. The address of its registered offJr¢ is.. 71- 81 Harnall Lane West Coventy CVI 4FB AccouwrJr4G POLICIES Basis of preparing th£ financial statements The fmancial statements of the charity. whi¢h is a public benefit ¢ntity under FRS 102, have been preparcd in accordaThce with th¢ Charities SORP (FRS 102) 'Acctsunting and Reporting by Charities-. Statement of Recommended Practice applicable to charities prcparing their a¢counts in accordance with the Financial Reporting Standard applicable in th¢ UK and Republic of Ireland IFRS 102) (effective l January 2019),, Financial Reporting Siandard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Charities Act 2011. The financial staiements have been prepared under the historical wst convention. Going eoncern The financial atements have been prepared on a going ¢on¢em basis. As at the date of this report, the trustees consider the charity to b¢ resilient con5id¢ring its healthy financial position with continuing donations b¢ing received. the support of the tteeS and robust charitable continuity planss. No(withstanding this the t11e9 reColse an increased level of uncertainty over th¢ short tern) opportunities and are continuously evaluating the risks of economie factors as they unfold. The trustees belicve that there ar¢ no material uncertainties effecting the ¢harity's ability to ¢oniinue as a going oncern nor any significant areas of concern that affect the ¢arrying value of the assets held by the charity. In¢om¢ All income is r¢¢ogDised in the Statement of Financial Activities once th¢ charity has eniitl¢ment to the funds, it is probable that the income will be received and the amount can be measur¢d reliably. Expendlture All expendire is recognised once there is a legal or ¢onstructiv¢ obligation to that ¢xpcnditure. it is probable settlemenl is r¢quired and the arnount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar cosis to that ¢agory. Wher¢ c051S cannot b¢ directly attributed to particular headirw th¢y have been allocated to activities on a basis consistent with the use of r¢s(Trurces. Raising funds These are costs incurred in attracting Yoluntary incom< the management of inv¢s¢ments and thos¢ incurred in trading activities that ra15e fvnds. Governanee eosts These in¢lud¢ the costs attributale to the charity's compliance with constiwtional and statutory requiremetms including audit, Straiegi¢ managemenl and ttustees, me¢ting5 and reimbursed expenses. Tangible fixed ass¢t$ Tangible fixed assets Costing more than £l.000 are capitalised and included cosi including any in¢iden(81 expenses of aequisi(ion. Depreciation is provided at ihe following annual rates in order to write off each asset over its estimated useful Page 14 continued..-
GURDWARA GURU NANAK PARKASH NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST DECEMBER 2025 ACCOUNTING POLICIES- conlinutd Tangible fixed 4s5ets Fixture5 and fittings- IOO/o Reducing Balance Freehold property - Straight line over 99 years (car park only) Long l¢&sehold- Straight line over 99 years Motor v¢hicl¢s- 25 % Reducing Balance Ni)ne of the freehold property stated on the balance shcd have been d¢pr¢ciated for the following reasons-. i) The Templ¢ is expected to remain a place of worship for generations to come (hundr¢ds of years). The Temple will not suffer from any economic or tethnologi[ obsoles¢¢nce. ii) The Temple 15 regularly maintsined and repaired by its members in ord¢r to keep it in irnmaculate condition as a focal point of the Sikh community. Any depreciation that would be charged would not b¢ considered to have a material impact on the accounts. Taxation The charity is exempt frorn tax on its charitable activitie5. Fund accounting Unrestrithd filnds can be used in accordan¢¢ with the charitable objectives at the discretion of the tru5t¢¢s. Reslric*d funds can only be used for particular restricted purposes within the objects of the charity. Re5trictioDs arise when ¢IfIed by the donor or when funds are raised for pthi¢ular restricted purposes. Therc are no restricted fi$ at present. Wh¢re necessary. ther¢ is fijrther explanation of the nature and purpose of ¢ach fund in ihe note on funds. Loan and borrowings Loans and borrowings are initially recognised at the transacliort price including transaciion costs. Subsequently, they are measur¢d at amortised ¢ost using ihe effcctive inierest rate m¢thod, less impairment. If an arrangement constitutes a finan¢¢ transaction it is measured at pre5¢ni value. Pension costs and other p05t-T¢tir¢ment benefits The charity operates a defined contribution pension schem¢. Contributions payable to th¢ chariry's pension scheme are charged to the Statement of Financial Activitie5 in the per50d to whi¢h they relate. Donitions and legacie All incoming r¢sour¢es are included on the Statement of Financial Activities wthen the charity is legally entitled to th¢ Incorne and th¢ amount can be quantified with rc950nable accuracy. Page 15 continued..
CURDWARA CURU NANAK PARIL4SH NOTES TO THE FINANCIAL STATEMENTS- continued FOR THF. YEAR ENDED 31ST DECEMBER2025 DONATIONS AND LEGACIES 2025 21r24 Donations Gift aid Sundry incon 876,001 116,917 4J61 886,729 117,978 2223 997279 1.006,930 OTHER INCOME 2025 2024 Rents received 52.270 38.590 RAISING YUNDS Raising donat10115 and kga£ies 2025 2024 Staff costs Rate5 and waier Insurance Light and heat Telephone Printing and ststionery Sundries Groceries Publictty Motor expenscs Repairs and renewals Nagar Kirtan exwnses Donations Coach trips Teachers f¢es Education- books and publiektions Fabric and materia15 Prof¢55itsnal fees Election and se¢urity costs 108,927 15,718 10.624 80,458 1,848 2,685 4,251 107,547 9.439 1.465 49,797 38,420 107,705 6.613 13,342 160 8,961 33,331 16,895 114.603 7,512 9,636 105,481 1,843 1.620 4,574 125,850 5,562 1,717 50,261 30,663 70,460 9,770 10,180 608 10.399 25,279 15,832 618,186 601,850 Page 16 continued...
GURDWARA GURU NANAK PARKASH IYOTES TO THF. FINANCIAL STATEMEf4TS- coThtiDued RTHEYE R ENDED 3 ECEMBER2025 CHARffABLE ACTIVITIES COSTS Support osts (sce note 7) G¢D¢ral 44,235 SUPPORT COSTS Governance costs Finance Totals General 40.221 4,014 44.235 Support cosw included in ihe above. are as follows: 2025 2024 Total activitie5 General Bank charge5 Loan arrangement fee Bank loan interest Auditors, remunerdtion 4,024 4,267 7,800 31,267 3,840 36.197 4.014 44.235 47.174 TRUSTKES, REMUNERATION AND BENEFITS There were no trustees, remuneration or other benefits for the year ended 3 1st De¢emb¢r 2025 nor for the year ended 31 De¢ember 2024. Trustee5' expenses The were no trustees, expenses paid for the year ended 31st December 2025 nor for the year ended 3 1st December 2024. STAFF COSTS 2025 2024 Gross Salaries ERNIC Staff pensions 104.239 2.237 2,451 109,307 3,177 2,119 £108,927 £114,603 Average number of staff 14 No employee received emoluments of more than £60.000 durin8 the y¢ar. P8ge 17 ontinued...
GURDWARA GURU NANAK PARKASH NOTKS TO THE FINANCIAL STATEMENTS- Continued FO THE YEAR E ED31ST D BER 2025 io. TANGIBLE FIXED ASSETS Freehold land and buildings Fixtures LA)ttg leasehold Motor vehicle5 fithngs Totals COST At 1st January 2025 Additions Disposals 5.409,034 270.180 47,705 1,064,565 78,449 45,338 58,200 {10.800) 6,560,642 406,829 (10,800) At 3 1st December 2025 5,679,214 47,705 ,143,014 92.738 6,962,671 DEPRECIATION Ai 1st January 2025 Charg¢ for year Eliminated on disp)sal 20,348 1.139 8,596 482 549,901 59,311 44,317 14.719 (10.458) 623,162 75,651 110,458) At 3 1st Dec¢mber 2025 21,487 9.078 609.212 48,578 688,355 NET BOOK VALUE At 31 st December 2025 5,657,727 38,627 533,802 44,160 6.274,316 At 3 1st De¢¢mber 2024 5,388.686 39.109 514,664 1,021 5,943,480 The above freehold can be split as follows.. Gurdwara GNP Temple {Harnall L8ne) 99-103 Harnall Lane Education Centre 8 Church Street 10 Church Street Car Park Outside GNP Temple l Lincoln Str¢et 30 Church Street IA Leicesier Clwseway 5A Leicester Causeway 3,098,626 252,000 268,912 78.991 78,991 112,811 716,145 148,519 781.419 142,800 £5,679,214 Page 18 continued...
GURDWARA GURU NANAK PARKASH NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31ST DECEMBER 2025 ii. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 2024 Prepaym¢nts 121,428 142,431 12. CREDITORS.. AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 2024 Bank loans and overdrafts (see note 14) PA YE and national insurdnce Pensions Accrued exp¢n5¢S 29,544 1,217 504 24,791 24,988 1,292 727 31,984 56,056 58,991 13. CREDITORS: AMOUtYTS FALLING DUE AFTER MORE THAN ONE YEAR 2025 2024 Bank loans (s¢¢ not¢ 14) 536,460 567,272 14, LOANS An analysis of the mamriry of loans is given below: 2025 2024 Amounts falling due within one year on d¢mand.. Bank loan 29,544 24,988 Amounts fa]ling b¢tw¢th one and NTO y¢ars'. Bank loan 536,460 567,272 SECURED DEBTS The following secured debts ar¢ included within cr¢ditors'. 2025 2024 Bank loans 506,004 592,260 The loan is secured by a legal charge over the land and buildings that form the GNP Temple at Harnall L4n¢. The n¢t t%)ok value of thos¢ land and buildings has been detailed in note 9. Page 19 continued...
GURDWARA GURU NANAK PARKASH NOTES TO THE FINANCIAL STATEMENTS- eontinued FOR THE YEAR ENDED 31 T DECEMBER 202 16. MOVEMENT IN FUNDS Net movement in funds At 31112125 At iiin5 Unrestricted fund5 General nd 5,666,997 311,133 5,978.130 TOTAL FUNDS 5,666,997 311.133 5,978.130 Net movement in nds. in¢luded in the above are as follows: Incoming resources Resource5 ¢xpended Movement in funds Unrestricted fund5 General 1.049,549 (738.416) 311.133 TOTAL FU]YDS 1,049,549 (738,416) 311,133 Comparative5 for naovement in fund5 Net movemeni in funds At 31112124 At 111124 Unrestricted fundg General fund 5,329,648 337,349 5.666,997 TOTAL FUNDS 5.329,648 337.349 5,666,997 Comparats"ve net movemeni in fiJnd5, included in the above arc as follows: Inroming resources Resourc¢s expended Movement in ndS Unrestrieted fund5 General fvnd 1,045.520 (708,171) 337,349 TOTAL FUNDS 1.045.520 (708,171) 337,349 Page 20 continued...
GURDWARA GURU NANAK PARKASH NOTES TO THE FINANCIAL ST ATEMENTS- eon inued 17. RELATED PARTY DISCLOSURES There w¢r¢ no related party transactions for the year ended 3 1st Demb¢r 2025. Page21
GURDWARA URU NANAK PARKASH DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST DECEMBER 20 2025 2024 ll¥COME AND ENDOWMENTS Donations and legAcie5 Donations Gift aid Sundry income 876,(101 116,917 4.361 886,729 117.978 2,223 997,279 1.006,930 Othtr ineome Rcnts received 52.270 38.590 Totsl inwming resources 1,049,549 1,045,520 EXPENDITURE Raising donations #nd legaeie5 Gross salaries and nali(Trnal insurance Pension5 Rates and water Insuran¢¢ Light and heat Telephone Printing and ststioncry Sundries Groceries Publicity Motor expenses Repairs and renewa15 Nagar Kirtan expenses Donations Coa¢h trips Teachers fees Education- book5 and publi¢ations Fabric and materials Professional fres Election and security wsts 106,476 2,451 15.718 10,624 80,458 1,848 2,685 4,251 107,547 9,439 1,465 49,797 38,420 107.705 0,613 13,342 160 8,961 33,331 16,895 112,484 2.119 7.512 9,636 105,481 1,843 1,620 4,574 125,850 5,562 .717 50,261 30,663 70,460 9,770 10,180 608 10,399 25,279 15.832 618,186 601,850 Other Freehold prortY Long leasehold Fixnjres at)d fittings Motor vehicles Loss on sale of iangible fixed assets 1,140 482 59,311 14,720 342 482 57.185 340 75.995 59,147 This page does not forn) part of the statOry financial stat¢ments Pag¢ 22
CURDWARA GURU NANAK PARKASH DETAILED STATEMENT OF FINANCIAL AcfiviTIE REN DECE R 2025 2025 2024 Supptsrt eosts Finance Bank charges Loan arrangement fee Bank loan interest 4.024 4,267 7,800 31,267 36.197 40.221 43,334 Governanee costs Auditor5, remuneration 4.014 3,840 Total r¢source5 expended 738,416 708.171 Net income 311.133 337,349 This page do¢s not fonD Part of the Statutory financial statements Page 23