The Charity Registration Number is 512762 Guru Arjan Dev Gurdwara Sikh Temple Report and Accounts 31 December 2024 Guru Arian Dev Gurdwara Sikh Temple Report and accounts for the year ended 31 December 2024 Contsnt8 Page Charlty Infonnatlon Tru8teg3' Annual Report statgm•nt of dlr&ctors' ro8pon¥lbllltle8 Indepondent Examlnor'8 Report Fun(ts Slotgments... Slalemenl ol Financial Actlvllle8 Slalemenl ol Flnanclal Aclivllles - Prlor Year 8lalemenl Slalemenl of lolal recognised galns and108se8 Movements in funds Revenue Funds Sumrnary of funds Income and Expendllure account Balance 8h99t Not$8 to thg accounts 15 Guru Arjan Dov Gurdwara Slkh Temple Trustg08' Annual Roport lor thè year ond•d 31 Decembor 2024 The Trustees present their Report and Accounts for the year ended 31 December 2024. Referenca and adminl8trallv& d&talls rhè charfty name. The legal name of the charlty i8'.- Guru Arjan Dev Gurdwara Slkh Temple. The charlly is also known by ils operallng name, Guru Arl8n Dev Gurdwara Sikh Temple, The charllys areas operatlon and UK charltable reglstratlon. The charity is registered in England & Wales with the Charily CommI88Ion in England & Wales ICCEW) with charity number 512762, The charity does not operate in any overseas lurlsdlclions. Legal structurn of tho charlty The charity is consllluled a8 an unincorporated charity, eslab118hed by Trust Deed. The goveming document of the charlly is the Trust Deed establishing the charity, There are no reslriclions In the governing documents on the oper81ion of the Charity or on 118 inve8lmenl power8 Other than those Imposed by Charity Law. The Iruslees are all Indivlduals. Thé prlnclpal op•ratlng addrg88, telephone numbor, omall and web addre8899 of thè charlty are',- Stanhope Street Derby, Derbyshire. DE23 6QJ Telephone 01332 776872 Email Address gadderby holmaiS.co.uk Web address hllp.'1￿.gadgUrdwar0.coM Th• Tru8t•48 In offlce on thè datg the rgport wats approvod wore:. Mr P8vendeep Slngh Mr Manpreel Slngh Mann Mr R8vSnder Singh r Bhajan Singh Dhlllon Mr Mehmber Singh Mr Major Singh Sandhu Mr Jagtar Slngh Mr Gutwlnd6r Singh Mr Malkial Singh Mr Jatinder Slngh Mr Jaswanl Rallu Miss Kashmlr Kaur Mr H8twinder Singh Mf Tejbir Singh Lldher Mr Ajll Singh The Iruslees who Served as a Iruslee in the reporting period, and. if applicable, their dates of appolnlment or re81gnalion durlno the vear were:_ Name Appolntéd Reslgnèd/Rellred All the Iruslees are also members ol the charity. Gunj Arlan Dev Gurdwara Slkh Tgmplè Trusteès. Annual Roport for thè year ended 31 D•cember 2024 Oblocts and actlvltles of the charlty The purposes of tho charlty as set out In its governlno document. The piincipal activities of the Charity in the year under review were the worship of God and promotlon of the Sikh religlon through social. cultural and sporting aclbvllies. The maln actlvltles undgrtaken In relatlon to thos8 purposes durlng th• year and to furtherthe ¢h•rlty> putPOSe for the public benefit. The Gurdwara Is open lo all members ol the community where they can worshlp. attend our fegul8r classes such as punjabi, sport events, trips and also take parl in our free langar service offered lo all. The Iruslees have h8d regard lo the Charity Commlsslon'8 guldance on publlc b8nefS1 In rnanaglng the acllvS1Ses of the ch8rlly. Th• maln achlgvoments and pèrformancè of tho chorlty durlng the ywr. The Charlty has successfully achieved ils aims and oblecllve8 outlined In thè Trust Deed and con51ilullon and conllnu88 10 further these acllvilles, The Managernenl Trustee8 con51der the slate of affairs lo be 8a1I8faclory. Fundrnl8ln9 actlvltl•s durlng thgye8r. The chaiily's prlncipal source of Income Is voluntary donallon8 from congregations. Other sources Include hall booking5 for weddlnqs. trips 8nd money boxes. The dlfference the charltys achlevem8nts andpgrformonce durlng the yfrarha8 madè to tha beneflclarles of the charlty and wldor$oclg1v. Followlng the Illling of covld re8lricllons. our free langar servlce was In full operallon. The publlc were 8bl& lo access the Gurdwara and use Il's facllllles as norrnal. Expèndllure Incurredln thg yg8r In order to ro1¥9 Income In the future. Structurn. govgrnance and managomgnt of tho charlty The method8 Used to recmltand appolnt new charfty frust8•s. The board of Irujlees consists of 3 members elected by the execullve cornmillee. New board ol Iruslees may be elected on recommendation of Ihe executive commlllee, to be endorsed by the Sikh corKJregallon al the annual general meeting. Flnanclal revlow Tho ch•rlly$ financlol posltlon at Ihe ond of theyeor gnded31 December 2024 The financial position of the charity al 31 December 2024 and comparatives for the prior period, as more fully detailed in the accounts, can be summari5ed as follows:. 2024 2023 Not Income 16,2831 129,7431 Unreslricled Revenue Funds available for the general purpose8 of the charity 2,798,213 2,804,496 Total Funds 2,798.213 2 804,496 Guru Arlan Dèv Gurdwara Slkh Templg Trustees. Annual Report for th• year ondod 31 Decambgr 2024 Flnancl81 revlew of the posltlon at the reportlng dale, 31 Docgmbor 2024. The trustees consider the lillancial performance by the charity during the ￿ar lo have been salisfactoiy. We had a small increase in donations compared lo la51 year. Oijr donations increased from £482.296 10 £488,994, an increase of £6,698. The gym membership income has Sncfeasd 51ighlly from £47,287 10 £47,116. Property rental income by £500 from £45,150 10 £45,650. Gift Aid increased from £21,734 10 £39,634. predominanlly due lo applying more often than previously done. We had a loss of £6,283 which is better than the prior year where there wa$108ses of £29.743. A laige amount of our expenses is made up of depreciation in assets which amoLJnls lo £98.479- mainly the gym equlpmtsnl and on fixtures and fillings. Furthermore the rtspair8 and malnlenance expen8es Increased lo £93,184 whlch18 8lgnKlcanlly more that the prlor year. Our expenses increase by £4,103 predominantly due lo the renovation cosls. We have seen decreases in our langar cos18 from £123,19110 £119,994. Our main Cost culling expense was our lighting and heating costs which decreased by £44,348 from £134.210 10 £89.862 over the year. Th18 was because we had spoken lo our supplier and are now gelts'ng beller ra16s. Interest rates are still high and our intere81 paid on loans amounts lo £27,348, sllghlly less than the prior year. The wages also Increased due lo the rise in National Livlng Wage, A lolal of £156.177 increasing by £6,330 from 2023. Looklng al our balance 8heel, our langlble assets have decreased lo £2.93m. Our c88h reserves are £191,191. an increasè of £45,024. FLJrthermore our Ilabi1S1ie8 are conllnubng lo fall as we are making repayments toward our loan from Nalwe81 on Ilme. Specific changes In flxed 888els are delalled In the notes lo the accounts. Pollclos on rese￿. The charlty ha8 a pollcy lo keep reserves al £10,000. As we are a charity rellanl majorly on donations, and considering the slze of the Gurdwara. we keep alleasl £10,000 reserved lo pay lor any unexpected expen86s, The board understand policy 1.23 and do not accumulate fund8 unnece88arlly. Avallablllty andadequacy ofassets of eech of the fvn(ts The board of Iru$lee818 sa11811ed that the charllV8 a88el8 In each fund are available and adequate lo lulfil Ils obllg81ions In r&8pecl of each fund. Dots518 of Tho Indopondgnt Examlnor Zain Imleyaz MAAT Member ol AAT Rana & Co Accountan¢8 Llmlled 97 Walbrook Road Oerby Derbyshire OE23 8SF Statgment of Tru$tg98' R98ponslbllltle8 Tho charlly's Iruslees are responsible lor the preparation of the accounts in accordarre MAlh the lemi8 ol the Charities Act 2011 and the Charilles IAccounls and Reports) Regulallons 2008. Nolwlhstandlng the explicll requlremenl in the extant slalulory regulalions,Ihe Charilles (Accounts and Reports) Regulations 2008, to prepare the financial slalemenls in accordance wilh the SORP 2005, in view of the fact that the SORP 2005 has been wthdrawn, the Trustees determined lo interpret this responslbility a8 requiring them lo follow Current best practice and prepare the accounts according lo the FRS 102 SORP (Slalement of Recommended Practs'ce for Accounting and Reporting by Charib'esl 2015, las amended by the Bulletin issued in October 2018 and applicable to all accounting periods beginning on or after 1st January 20191, (The SORPI.. Guru Arjan Dev Gurdwara Slkh Temple Trusts9$' Annual Rèport for tho yaar gndod 31 Docembgr 2024 In particular. charlly law require5 the Trijslees, If they prepare accounts on an accruals ba858, lo prepare financial slalemenls for each financial year which give a IrLJe and fair view of the stale of affairs of the charity as al the end ol the 1Snancial year and of the surplus or deficit of the charity. In preparlng those financial slalemenls the Trustee8 are requI￿d lo lo prepare the accounts in accordance ￿th United Kingdom Generally Accepted Accounting Pra¢tlGe (United Kingdom Accounting Standards and applicable lawl. select suitable accoLJnllng pollcies and apply them ¢on8Sslenlly'. make ludgements and eslimales that are reasonable and prudent., prepare the financl81 slalements on the golng concem baslg unless il Is inappropriate lo presume that the charlty will continue in business". 51ale whether applicable 8¢counling standards and slalements of recommended practice have been followed, subject to any malerlal depailures dlsclosed and explained In the financial slatemenls,. The law requlres that the Iruslees musl not approve the accoun18 un1&55 they are sallsfled Ihal they glve a true and falr view of the slate of aff8lrs of the charlly and of the surplus or deficll of the charity for the year. The Trustees are also responslble lor mainlainlng adequate accounting records whlch dlsclose with reasonable aceuracy al any lime the financial position of the charlty and whlch are 5ufficlent lo shDW and explaln the ch8rlly's transactions and enabltr them lo ensure that the financial slalemenls comply with regulations made under the Charilles Act 2011. They are also respon8lble for safeguardlng the assets of tho charlty and henc& for18klrvJ reasonable slep8 lor the preventlon and detection of fraud and other Ir￿gUlarIties. The Trustees are also responsible lor the conten18 of the Trustees. report, and the slalulory responsibllily of the In(Jependenl Examlner in relation lo the Trustees, report Is Ilmlled lo examlning th8 report and ensurlng that , on the face of the report, there are no malerlal incon81slencle5 wllh the figures dI8c108ed Sn the Iln8nclal slalernents. Th58 report was approved by the board of Iruslees on 17 October 2025. Mr Jaspal Slngh Nanuwan Trustee Mr8 Shamlnder Kaur Lllher Trustee Mr Keeral Slngh Bains Trustee f B Guru Arjan Dèv Gurdwara Slkh Temple Report of Ihtr Independent Examlner to th8 Tru8tee8 of tho charlty on tho accounts fortho yoar ènded 31 De¢ember 2024 I report lo the Trustees on my oxamination ol the financial stalemenls of the Charity on pages 7 10 20 for the year ended 31 December 2024 which have been prepared in 8ccordance with the Charities Act 2011 (the Acll and with the Financial Reporting Standard 102, (effective 1st January 20161 adapted to meet the needs of unincorporated organisations, as modified by FRS 102 SORP Istalemenl of Recommended Practice for Accounting and Reporting by Charities) 2015, las amended by th6 Bulletin issued in October 2018 and applicable to all accounting periods beginning on or after 1 st January 20191, (The SORPI. published by the Charity Commission in England & Wales ICCEWI , and und8r the historical cost convention and the accounlinq policies set out on Daae 15. R08P8Ctlvè re8pon8lbllltlo8 of the Tru8tèe8 and the Ind8pend8nt Examlner and As described on page 3, you. the charity's Trustees, are responsible for the preparation of the financial statements in accordance with th8 Charities Act 2011 and all other applicable law and with United Kingdom Generally Accepted Accounting Practice, applicable to smaller enlilies, and for being satisfi'ed that the financial statements give a true and fair view. The Trustees consider that the audit requirement of Section 144111 of the Charities Act 2011 Ith6 Act) does not apply, and that there is no requir8ment in the Governing Document for the conducting of an audit. As a consequence. the Trustees have elected that the financial statements be subject to independent examination. Having satisfied myself that the financial slalements are not required lo be audited under any legal provision, or otherwise, and are eligible for independent examination, it is my responsibility lo'.- al examine the financial statements of the charity under Section 145 of the Act., bl follow the applicable proceduros in the Dire¢lions given by the Charity Commission under section 145{5llbl of the Act. Ba858 of Indapendènt Examln8rf8 Statement and 8cope of work undortakon Since the charity's gross income exceeded £250,000. thè charity's examiner must be a member of a body listed in s8Ction 145 of the Act. I confirm that l am qualified to undertake thè 6xamination because l am an aulhorised mernbar of Accountant, which is one of the listed bodies. I report in respect of my examination of the charity'5 financial statements carried out under s145 of tho Act. In carrying out my examination, I have followed all th8 applicable Directions given by the Charity Commission under sèction 14515llbl of the Act setting out the duties of an independent examiner in relation to the conducting of an independent examination, An independent examination includes a review of the accounting records kept by the charity and of the accounting systems employed by the charity and a comparison of the financial statements presenl&d with those records. It also includes consideration of any unusual items or disclosures in the financial statements, and seeking explanations from you. as Trustees, concerning such matters. The purpose of the examination is lo establish as far as possible that there have been no breaches of charity legislation and that, on a lest basis of evidence relevant lo the amounts and disclosures made, the financial statements comply with the SORP. The procedures undertaken do not provide all the evidence that would be required in an audit, and information supplied by the Trustees in the course of the examination is not subjected to audit tests or enquiries and does nol cover all the matters that an auditor would consider in arriving al an opinion. The planning and conduct of an audit goes beyond the limited assurance that an independent examination can provide Guru Arian Dev Gurdwara Sikh Temple Consequently, I do not express an audit opinion on the view given by the financial statements, and in particular, l express no opinion as lo whether the financial statements give a true and fair view of the affairs of the charity, and my report is limited to the matters set out in the statement below. I planned and performed my examination so as to satisfy myself that the objecb'ves of the independent examination are achieved and before finalising the report l obtained written assuiances from the Trustees of all material matters. IndepBndent Examlner'g Statèment, Report and Oplnlon Subject to the limitations upon the scope of rny work as detailed above, I have completed my examination.. and can confirm that'.- The gross income of the charity in the year ended 31 December 2024 appears to exceed the sum speoified in Section 145{31 of the Act, namely £250000, and that l am qualified lo act as Independent Examiner in accordance with that section by virtue of my being a qualified member of Accountant., This is a report in respect of an examination carried out under 145 of the Act and in accordance with Directs'ons given by the Charity Commission under section 14515llb} of the Act which may be applicable, and that no material mallers have come to my attention in connection with the examination giving me caus8 to believe that in any material respect'.- accounting records were not kept in respect of the charily as required by with Section 130 of The Charities Act 2011, the financial statements do not accord with those records.. or the financial statements do not comply with th8 applicable requiremenls concerning th8 form and content of accounts sel out in the Charities IAccounls and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair, view, which is not a matter consid6red as part of an independent examination., have not béèn prepared in accordance with the methods and principles s81 out in th8 FRS 102 SORP Istalemenl of Recommended Practice for Accounting and Reporting by Chariliesl 2015, las amended by the Bulletin issued in October 2018 and applicable to all accounting periods beginning on or after 1st January 20191, (The SORPI. I have no concèrns and have come across no other matters in connection with the èxamination to which attention should be drawn in this report in order10 8nable 8 proper understanding of the financial statements to b8 reached. Slgned:. Zain Imte Accountant Rana & Co Accounlanls Limitsd 97 Walbrook Road Derby Derbyshire DE23 8SF z MAAT- Independent Examiner This report was signed on 17 October 2025 Guru Arjan Dev Gurdwara Slkh Temple - Statement of Flnanclal Actlvltles for the year ended 31 December 2024 Statement of Flnan¢lal Activities for the year ended 31 December 2024 80RP Rol Curroftt year Unre8trSct6d Funds Current year Rgs¢rlctsd Funds Current year Total Fund¥ PrforYè4r Totsl Fund8 2024 2024 2024 2023 Incom& & Endowments from.. Donatlons & Legacies Investments A1 577.744 47.299 577,744 47,299 551,317 46,163 Total Incom 625,043 625,043 597,480 Expondlture on.. Charitable activlties 82 631,326 631,326 627,223 Total 8xp&ndltur• 631,326 831,326 627,223 N•t Income for the year 16,2831 16,2631 129,7431 Not Incomg aftgr tran8feM A.B.C 16,2831 16,2831 129,7431 N•t movoment In fund8 16,2831 16,283 129.7431 R8conelllatlon of fundB'.. Total fund$ brouohl fomrd 2,804,496 2,804,496 2,834,239 Total fund8 carrled forward 2,798,213 2,798,213 2,804,496 The'SORP Ref indicated above 18 th$ ¢1889ific8ts'on ol income sel out in tha formal SORP ¢Yocument8. As reqUI￿d by paragraph 4.60 of th? SORP, the brought forward atYJ c8rrled forward funds above have èéen agree(J lo the Balance Sheet. A separate Statemanl of Totsl Recogni8ed Gain8 and LoBses 15 not requir&d as thi8 ststernenl inc4udes all reco9n189d g81n8 and1088e8. All the prior year Iransacts'ons were unrestrictgd Ilem8, 8nd no further analysis 18 required All activill88 derlve from continuing operations The notes attachod on page8 15 to 20 lorm an Integral part of theso aGcounts. Guru Arjan Dev Gurdwara Slkh Temple - Statsmenl of Flnanclal Actlvltles for the year ended 31 Decembor 2024 All actlvltle8 derlve from contlnulng operatlon8 The not88 attached on pages 16 to 20 form an Intsgral part of these accounts. Guru Arjan Dev Gurdwara Slkh Temple- Re8ourc88 appllèd In the year ended 31 D8comb8r 2024 toward8 flxed assets for Charlty Use:. 2024 2023 Funds generated in the year as de1811ed In the SOFA Resources applied on fundion81 fixed 88sels Other applications of funds 16.2831 117,9281 129,7431 112,7841 Not regourcgs avallable to fund charltsbl8 actlvltl68 24,211 The re50urce8 applied on fixed asset5 for charity use rapfegents th8 cost of &ldits'ons le58 proceeds of any di8P08818, Guru Arjan Dev Gurdwara Slkh Temple - Statement of Flnanclal ActSvltie8 for the yaar ended 31 Decèmber 2024 The not89 attached on pago8 15 to 20 fomi an Intègral part of the89 account8. Movomgnts In ravenue and capltal funds for the year ended 31 Dècember 2024 Ra￿nue accumulated fund8 Unrejjtrlcted Funds 2024 Restrlct•d Funds 2024 Tot41 FundB 2024 La¥t year Total Funds 2023 Accumulated funds brought forw8r(J 2,804,496 2,804,496 2,834,239 Rgcognised gains And losses before transfers 16,2831 16,2831 129,7431 2,798,213 2,798,213 2,804,486 CIo8lng ravonuè fund8 2,798,213 2,798,213 2,804,496 Summory of fund8 Unrn81rlct•d and D88lgnA¢•d funds 2024 Rostrlctsd Fund• Totsl Fund• La•t Y68r Total Fund• 2024 2024 2023 Revenue accumulated fvnds 2,798,213 2,798,213 2,804,498 The notes attached on pages 15 to 20 form an Integral part of th8#8 •Gcount•. Guru Arjan Dev Gurdwara Slkh Temple- Ststement of Flnanclal Actlvltles forlhe year ended 31 December 2024 Guru Arjan Dev Gurdwara Sikh Temple Income and Expendlture Account for the year ended 31 December 2024 as requlred by the Companles Act 2006 2024 2023 Income Income trom oporalions Refunds from HMRC on gift aided donations 538,110 39,634 529.583 21.734 Investment income and interest Income frorn investments, other th8n inl8r881 receivable Intere81 receivable 45,650 1,649 45,150 1,013 GroJJ Income In tho yèar bafor• 8xcepllonal Item8 625,043 597,480 Gro88 Incomè In tho y8ar Includlng gxceptlonal Itgms 62S,043 597,480 Expgndlture Charitable expenditure. excluding depreciation and arnortr'sation Depreciatlon and 8morll88tion Inleresl p8y8ble Ragll$ed 108se$ on disposals of social inveslmenis which are progr8mm9 related 505.498 98.480 27,348 494,667 104,925 27.631 Total gxpendlture In the year 631,326 827,223 Nèt Income bgforo tsx In the flnanclal year 18,2831 129,7431 Ta% on 8urplu8 on ordinary activities Net Income altor tax In tho Ilnanclal ygar 16,2831 129,7431 Retalned surplus for the flnanclal yoar 6,283 All actlvllles derive from continuing opèrations In 8¢ty)rd8nce with the provisions of the Companies Act 2006, the headings and subheading$ used in the Income and Expenditure gccounl have been 8dapled lo ￿leCt the Special natu￿ of the charitys activities. The notes atiached on page8 15 to 20 form an Integral part of these a¢Gounts. Guru Arian Dev Gurdwara Slkh Temple - Balancè Sheet a$ at 31 December 2024 SORP Note Rof 2024 2023 Flx•d as80ts Tangible assets Invoslmenls held as fbxed assets 10 A2 11 A4 2,781,840 147,399 2,662,392 147,399 Total flxed assots 2,929,239 3,009,791 Current assots Cash al bank and In hand B4 191,191 146,167 Crodttor8.' amount8 lalllng duè wlthln one y$ar 12 C1 53.938 154.856 Ngt current a88•ts 137.253 91,311 3.(￿6.492 3,101,102 Ng1 888•ts Credllors.. amounts falling due after more than one year 13 C2 1268,2791 1296,6061 Thè total not a•8ot8 of the charlty 2,798.213 2,804,496 Tho totsl not as80t8 of thg charlty ar8 fundod by the fund8 ol th8 charltyi a8 follow8:. Re8trlctad lund8 Unra•trlctsd FundB Unre8lricted Revenue Funds 16 D3 2,798,213 2,804.496 2,798,213 2,804,496 Do8lgnated Funds Total charlty funds 2,798.213 2,804.498 Guru Aryan Dev Gurdwara Slkh Temple- Balanco Sheet a8 at 31 December 2024 The 'SORP Ref indicated above Is the classification of Balance Sheet rtems as sel out in the formal SORP documents. As required by paragraph 4.60 of the SORP. the brought forward and carried forward funds above have been agreed lo the SOFA., The Trustees acknowledge their responslbllllles for complying ￿th the requirement8 of charlty legi81alion wlh respect lo accounting records and the preparation of accounts. The chafbty Is subject to Independent Examlnalion uThler charity legislation, and the ￿port of the Ind6pendenl Examintrr is on page 6. The Trustees are sallslled that, although the charily18 not regisleied ullder the Companies Acts, il il were so registered, il would be eligbble lo prepare accounts In accordance with Ihe provlsions in Part 15 of the Companle8 Act 2006. applicable lo cofflpanie5 subject to the small companies iegime. Tru81ee Approved by the board of Iruslees on 17 October 2025 Thg not￿ attached on pag08 16 to 20 fomi an Intogral port ol th989 fyccounls. 12 Guru Arjan Dev Gurdwara Slkh Temple D*tsiiÉd onolys1¥ of Incom8 and expendltur6 forthé year andèd 31 Dfrc8mb8r 2024 a8 requlrod by tho SORP 2016 Thls enalysls Is cl8s8slfl8d by conventlon•l nomlnal desGriptiOnS andnotbyaetlvlty. 20 Don•Uon$, Grants and Leqaclos Currènt y•Ai Unrt&trl¢iod Fund CurY•nt yair Curyolll y•ar Pr￿rY•ar Totsi Fund$ Fund 2024 2024 2024 2023 Donatlons snd glfts from Indlvldu#l8 Ratunds from HMRC on gift aided donations Gen8fBI Fund 39.634 39.634 21.734 4e8,994 48B,994 482,296 Tot41 donatlonj 4nd glfls from 628.628 628.628 504,030 Cuiront￿￿r unM8tli¢W(I Fund cu￿t￿r Currlrtty•4r K•iinCt•4 ToLI1 Furd Fur￿* PrfOrY•Nr 2024 2024 1014 M8mbor8hlp 6ub8crlptlon8 al don&tlon$ 49,118 49.116 47,267 Total DonAtSon8, Grant8 and Legacl88 Totsl Donatlons, Gr8nt8 and Legacle A1 577,744 877,744 051.317 21 Inv•8tm•nt Incom8 Curr•nt y•llr Curr•ni y••r Curr•niy•ir Totil Futtd Tot41 Fund Fun Fund• 2Q24 2014 ia Pro￿rtY Ranlal Income ank Interest Recelvab 45,e50 1,849 40,010 1,849 45.150 1,013 Totsl Investment Incom8 A4 22 Exp8ndltur8 on charltable Actlvltl88. Dlrect 8Pondlno Curr•nt y•4r vn¢+#iri¢l•U Funds CuYr•n¢ y•¥r 11tr1¢1*0 Fundi Curr•ni y•ir P￿OrY•￿V Totsi Fundi Curront Y•ar 2024 2024 2013 Gr088 wag88 and 88lwl88- ch8rllable Employ8r8' Nl- Charrf8ble 8cll¥blle8 Dtrfinèd benefrt p8n$ion ¢o$l8- ch8rllabl8 8cilvilk8S Travel and Subslstence- Ch8rN8bl8 Free kitchen Ilangarl exwnses Festival and loumament expg Recruitment la6,177 7.217 116,177 7,217 149,847 7,273 1,786 1,786 1,B48 1,027 119.994 5.185 1.190 1,027 119.994 5.1B6 1,190 123,191 9,248 1,376 Total dlrect Spendlng B2a 292 578 293 $72 Guru Arlan Dev Gurdw8f8 Slkh Tomple Detallett an8ly818 of In¢?me and oXP8ndlture forthe year •nd8d 31 Decemb8r 2024 a8 r¢qulred by th8 SQRP 2015 23 Support Costs for charltablv actlvltl08 Curr•nl yaar Unr•$tri¢t* Fund Currontygar PrtorYe4r Tothi Funds Tot41 Fund* Current Year 2Q24 2024 2023 Pr•mtses Exponsos Rates and w&ter ¢hqrge8 Llyhl h&91 power Premlse8 rep8lr8, ren8w81$ and tN8inlenance Property InsurBnc¢ 8,638 89.862 6,838 89.862 3,156 194,210 41.933 93.183 93,163 9,368 9,003 Admlnl¥tratlve ovorhe8ds Telephone. fax gnd inlernel PDStoge Stationary Sollware licences ond exptn889 Sundry 8xpenseÈ 933 1,827 829 342 933 1,827 829 342 881 1,596 806 Prol•s¥lonal f•es pald to advlsors otherth•n ¢he audltororoxamlner Accounl8ncy1888 other than examlnallon or audll fe69 Lagal fe0$ ,ts48 8.370 8,370 2,266 Flnancl81 costs Bank charg88 L08n Initrrtr61 Depreclfilion & AmortSgatlon In 19101 for Ihg porlod 972 27,348 972 27,348 1,721 27,631 98.480 98.480 104,926 Support ¢o•i• b•lor• r•4llocatlon J98,750 a3B.750 333.801 Totsl BUPPOrt C08ts. Curr•nt Y•4r 338.700 338 7SO 333 661 The bo$l& of o11¢)caiion ol costs boN¥e•n fictlvftles IB descrlbed undo1 o¢¢ouniino polldos All the expandNure In the prlor ye4rwo$ unrojlrlctod. Admlnlsir4tlv6 0￿r￿a8￿$ The baoli olall¢¢iii¢n of CO•lB betwoon 8clSvllle$18 de8c￿bad undw8¢¢¢wniino poll¢k*i 24 Total Ch•rltabl* •xp•ndltur• Curt•ni y••r ¢Jrr4nty••r CLYthni yp4r PrforY••r Toi11 Fundi Currnni Y••r Fun6 1024 Fynd• 2024 2024 1013 TolBI dlr8th 8pendlng Total support C0818 824 B2d 292.578 338.750 292,570 338,750 293,572 333,6S1 Total Gh4rftsble expond￿Te 631326 831328 627 223 AII IIItr exp8￿lIurtr prlorye* urKeilrlcted PrlurY•4r unr••tnct+o FundD PdorY••r X•llrloWJ Fund• 2023 prforY•4¢ Prlor Year 2023 2023 Total dire¢1 $pendlno Tol818UPPOrt CO8ls 924 82d 293,572 333,651 293,672 333,661 Total charltable 8XPondlture B2 627 223 627 223 14 Guru Arjan Dev Gurdwara Slkh Temple Not•s to the Accounts lor the year ond•d 31 December 2024 1 Accountlng pollel•8 Pollcles rglgtlng to thé productlon of th• accounts. Basls of pr8par8tlon 8nd accountlng ¢onventlon The accounts have bg&n prepared on th8 accruals basis, under thfrhiytorical cost (xnvention, and In accordance with the Financial R&porting Stand8rd 102, l&ff8¢1ive 1st January 20161 and 'FRS 102 SORP Istslemenl of Recommended Practic8 for Ac¢ounting and Reporbng by Charities) 2015. las amended by the Bull8lin issued in October 2018 and applicabl8 to 811 accounlino peiiods b&olnning on or after 18t January 20191, IThe SORPI, published by the Charity commissi￿ in England & W8188 ICCEW). effective January 2016. and in accordance w4th all applicabI818w in the ¢harlty'sluri$dl¢tion of registration, except that the charity h88 pr8paffjd the financial 818t8m$nts in accordance ￿th th& FRS 102 SORP Istoletnenl of Recommended Prad¢& lorAccountina and Reporting by Chariliesl 2015. la8 8m8nd8d by Ihg Bulletln issued in Oclob&r 2018 and applicable lo all accounting p8riod8 b&ginning on or after 1st January 20191, (The SORPI, in preferanc& to th8 pr¥vlous SORP. the SORP 2005, which has been Mlhdrawn. notiMth$landing the fact Ih8t the extant Slalutory regulation8, th& Chdrities (Accounts and Reports) Reoulaiion9 2008 refer ex￿1¢11￿ to the SORP 20QS. This has bèen don8 to accord ¥￿th current best pyactice. Golnu Concern The charitable 8Ctlville$ are enlI￿lY dewdent on contlnulng grani old and voluntary don8tlons a$ well as trading ffjvenue5. As a consequ8nce. the going Concern b88is is d8P8ndeftl on th8 futurtr flow ol th888 uncertain funding 8lream$. AGGordinGly. the Trusta8$ have obtained forecasts 8nd, after revlewlng tha financial foreca515 for future periods to 31 December 2021, th8 Tru$tee8 sre satis1￿d th8t, at the tIff￿ olapproving th8 rinancial $tstements. Il 18 appropriate to adopt the going ¢oncem bag1$ in preparlng th8 linBn¢lal slalements. Other than these mallars. the Tru8tee$ ara not swar8 ofany m81eri81 uncertalniieg about the cherlV$ aèillty to conllnue A8 a oolng conc•rn. Rl•k8 and future a88umptlon• The charlty Is a publlc bgneflt entity. Polle1•8 r•l•tlng lo cat8gorles ollncomo &ndlncorne recopnttlon. Nature of Income Gro88 Sncome rapr•sents th8 valug. net of value &dd¢d tsx and d18count8. of goods provided to CU8tomerg ancl work carri8d out In respect ol Servicès provlded to cu$lomer8. Catsgorle8 of Incomo Inc0rn8 18 C8tsgorised 88 incoma from exchange tr8n$8cWon8 Iconiracl incorn818nd Income from nor exchang• Ir8n8gction8 Igiflsl. Inv881mgnt Income and other incom8. Income from exchonge tran8actlon• 1$ received by th8 charity forgood$ or $8ririce8 supplled under contract or where eniillement is subject to fulfillinG pgrforman¢o related condilion8 Tho in¢oma the charity receives18 approxim8taly 8ouoI in value to Ihtr good8 or 88Nlces supplled by th6 charity lo the purchaser. Incomè from H non-8xchang8 tr8n88Ctlon Is whew the charity reedves value from the donor vAthout providing @qual value in exchange, and includ88 don8tlong of money, good8 and 8erwi¢e$ freely given wilhcul givlng equal valu8 in exchange. 15 Guru Arjan Dev Gurdwara Slkh Tomple Note8 to th• Accounts for the year end•d 31 Dgcember 2024 Income re¢ognltion In￿M8. whelh8r from exchange or non exchange transactions, is recognised in the st8lem8nt of finandal activities ISOFAI on a r8c8lvabl& basiy. when a tran8action or othei¥vÈnt re$ull$ in an Increase in th& charity's a8set$ or a reduGtion in its liabiliti88 and only when the ch8rty has legal en*'tlement. th& Incomè 1$ probable and can b& rn8a8U￿d rdlably. In￿[ne subject to terms and conditlons which must b8 mat b8fow th9 charlty18 &nlllled to th& re$ource5 15 not r8cogn188d vntil the wndilion5 h8ve b8en m81. All incom818 ac¢ounied for gr05s, befor8 dedu¢tSno any related fe8sor co8t8. Pollcles r•l•tlng to exp￿dIt￿re on goods and ¥fytrvl¢e8 prnvldod to tho charlty. Recoonltlon of Ilabllltle8 and expendlture A lisbility, and Y)è relal&d expendlture, is recogni88d when a18ual or¢(x)$tru¢iive obll9atI￿ exists as a r88uII ol a past event. and when it 13 more Ilk8ty thsn not that a Irsnsfer of 8conornic benefits wlll b8 reqUIr￿ In settlam8nt. and when the arrK)unl of the oblig8tlon G8n bè mea$uffjd or relSably esiimalthl.. Llabillti&$ arising from future funding commitments and conslruclive obligotion8, including performanc8 related grants, whare the limino or th& amount of the future exynditure r8quir8d to $81118 the oblSgatlon are uncertain, olve ri$8 to a provision in the accounts. whlch is r8vl84ved al the accountlng year end. Tho provl8lon 18 Increased trj refl8cl any incf&a$&$ In liabilities, and 18 d8cr888ed by Ihe utilisali(M) olany provision wthin the per1￿, and fevors8d if sny provi8ion 18 no longer requilod. These rnovemenls ere charged or credi18d b the re5pedve fund8 and acllviues to whlch the provlsion relates. Pollcles relatlng to •ssel¥, Il•bllltl•$ ind provl8lons ond other matt•r8. Flxed A•¥et Inv88tm8nts Inve3lmont property is shown at most recent vsluatlon. Any aggr8gat¢ $urplug or defidt arlslng frL chang88 in mark81 v8lua 18 tron$ferigd lo 8 revaluotbn r8seNtr. Tanplble flx8das5ets Tangible fixed 8s8018 are M￿Sure￿ at Ih&r orlolnal eost vslue, or 8ubsequ8nl rev81u8lbn. or If donated, as describad above. C08t V8lu8 include8 all costs expended In bringlno the a$gei into its intended working condill¢n. Depreciatlon has been provlded at the followlnq r8te8 In cydgr lo wrllg off the oswlg lo Imr anlclpaied re51dual their estlma18d uselul Ilvee, Fr88hold preml&88 Plant and machinery Motor vehlcles 'h on cost 25 uh on reduciw tslanc 25 % on r8ducir( b818r￿e Dobtor8 Dobtors are rneasur8d al Ihelr r8coverabl8 8mount8 al the b818ncg $he8¢ dote. Cr8dltor8 ond provlslons Short term ¢￿dItorS are mee8ured 8t tr8n8a¢tion prl¢e Iwhlch 19 u$uallytho involce pricel. Loon8 and other rinancial liabilities are initi8lly r8cognised al transaction price nel of any Iransacllon co8t$ ond subsequently measured al amortised Cost dolermined uslng the effe¢live interest ft￿th0d. Ca¥h and bank b8lanceJ Ca$h held by the ¢harily Is included at the 8mounl actually held and counted at the yoorend. Bank balance8, helher in credit or overdrawn, are shown at the amounts properly reconciled to the bank slalements. Pon810Tr8- dèflned ¢ontrlbutltsn schemes Th8 charity operates a defined contribution pension schem8. ContribulDns are ch8rged lo the profflt los$ account as they becom& payable In a¢cord8nce with the rules of th8 $cheme. Fund Accountlng Unrestrlct8d funds are availatsle for usa at the t11$crets'￿ ofthe tru$te88 in furtherance of the ggneral objects'ves. 16 Guru Arjan Dev Gurdwara Slkh Temple Not08 to the A¢counts for the year ended 31 December 2024 We hava no daslonated fund8. We have no r88tricled funds rhere are no endowment funds. 2 Llablllty to tsxatlon rh8 Truste89 consid&r that the ¢harity $ati$fies the lest$ Set out In P8rapr8ph 1 Schgjule 6 of th8 Financ8 Act 2010 for UK corporation lax purpose8. Accordingly, the Charity is potentially exempt from taxalK)n in r&spe¢l of Incoma or capitsl gains received within Galeoori85 covered by chapter 3 part 11 of th6 Corporation Tax Act 2010 or Section 256 of th8 T8K8tion of Chargeabl8 Gain8 Act 1992, to the extent that such in¢om8 or o8Sns are appll8d éx¢lusl¥ely on tho Specifio ¢haritabltr objeGl$ of the ch8rily ar￿ for no other purpo88. V8lu6 Added Tax is not recoverabl8 by th8 charity, and 18 ther8fore included in the relevant costs in the Statémènt or Fin8ncial Adlvilie$. 3 Wlndlng up or d18#01utlon of th• ¢hArlty If upon winding up or dissolution of the charity there remain any a$$ets, after th8 8a118faction of all debts 8nd liabilities, the 888818 r8pr888nl8d by th8 8ccumul818d fund 8h811 be transferred to 8ome other Charitable body or bodies having Similar object8 to the charity. 4 81gnlflcan¢o of flnanclal In8tNment8 to the charfjty'8 PO8ltlon The charlty took out g few loans lo cover the c08t ￿ the expanslon of the Gurdwara and th8 building of th8 Car park. At the reporting dale Ih8ra is £331,788 owed to NalWe81. which 18 repaid In monthly In$tsiimanig. Tha monthly repaymant$ are $1111 balng pald on time and variod bety￿en £4.000 and £4.300 per month T8klno Into account the a88818 owned by tha charlty, we are In a very strong PO￿tIon lo meet repaymBnli. o Net •urpluo boforo tsx In the Ilnon¢l¥l y￿r 2024 2023 The net 8urplu& belore lax In the finandal year 1$ stsled attgr charoing.. Depreciation ol oM)ed fixed aseets Penalon co8t5 98,480 104.925 1.848 6 Int*re8t payablo 2024 2023 Loan inl8re8t 27,348 27,e31 7 Th8 contrlbutlon of volunt••r8 The Charity currently has a governlng ￿ard of four Tru8tee8 all of whom arg volunteers, 8 Staff cost• and emolumènt• Salary eo8ts 23 Gro$$ Salarle8 excluding trustees and key manag8m8nt personnel Employerfs Nalionsl Insurqnce for all staff Employe¢8 contribution to defined benefit ￿nSIon s¢ham&8 156,177 7.217 1,788 149.847 7,273 1,84e Totsl salarle8, wage$ ond relatsd costs 186,180 168,986 Numbers olfull tlm• wnployees orfull tlme oqulval8nls 2024 2023 The 8verage number of total staff employed In Ihe year w88 N8ith8r the Iru8te6s nor any per$on$ connected with them have r8cwved any ￿m￿neration from the charity or any ￿lated entity. dther in the current or prior year. No employee$ received 8moluments18xduding pension costs) in excess of £60.OW p8r 8nnum, Guru Arjan Dev Gurdwara Slkh Tgmple Note8 to the Accounts for the year ended 31 December 2024 9 Remuneratlon and payments to Tru8tO05 and per80n8 connecte