REGISTERED COMPANY NUMBER: 05337262 (England and Wales)

REGISTERED CHARITY NUMBER: 1108102

Report of the Trustees and

Unaudited Financial Statements for the Year Ended 5 April 2025

for

Sri Guru Singh Sabha Gurdwara Letchworth

Page

Report of the Trustees

1

to

3

Independent Examiner's Report

4

Statement of Financial Activities

5

Balance Sheet

6

to

7

Notes to the Financial Statements

8

to

14

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 5 April 2025. 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 1 January 2019).

OBJECTIVES AND ACTIVITIES

Objectives and aims

- To promote and advance the Sikh faith within the Sikh and the wider community in Letchworth Garden City and the surrounding areas.

- To promote better understandings of how to be good citizens via education and physical activities.

- To promote and advance the Sikh religion in accordance with the teachings of Sri Guru Granth Sahib (the Sikh holy book) and for the furtherance of the objective by arranging regular congregations of the Sadh Sangat (people who have faith in Sikhism) to worship Akalpurkh (the immortal one) in the Guru's way.

- Set up classes on various topics to educate and encourage youngsters to learn and participate.

- To provide facilities for performing marriages and other rites according to the Sikh traditions and in accordance with the laws of England.

- To arrange name giving ceremonies for new born babies of Sikh families.

- To carry on any other activities that may further advance the Sikh religion.

Achievements and Performance

1. To further improve religious Sikh education, we have 1 Giani to perform Kirtan, Katha and teach Guru Granth Sahib Ji.

2. Special classes on correct pronunciation and reading of Sri Guru Granth Sahib Ji are in progress. Furthermore, to understand the meanings of the teaching we have Bani grammar classes for children and adults.

3. Religious ceremonies performed regularly every day, main ones once a week and additional ceremonies according to demand.

4. Engagement and Marriage ceremonies, birthday ceremonies are being performed on as required basis with a full view of the legal requirement of this country.

5. Additional Gianis, Katha Vachiks, Dhadi Jathas etc are called to enhance the religious ceremonies.

6. Punjabi School with about 35 children and some 5 teachers. Children have achieved good understanding of Punjabi reading and writing with GCSE in Punjabi during the year.

7. Youth development team set up with wider female participants.

8. The property has been remains at the value of £1,250,000 by the Trustees as at 5 April 2025.

9. The kitchen has been fully refurbished and the works were signed off by building control.

10.The HSBC COVID-19 Bounce Back Loan was available to all businesses, including charities. The Gurdwara has the ability to repay this loan at any time and is not in debt.

FINANCIAL REVIEW

Financial position

The charity's net income for the year amounted to £39,499 therefore total funds carried forward as at 5 April 2025 is £1,448,994. The financial position of the company, the results for the year and the transfers of funds are shown on page 5.

Principal funding sources

The main source of funds is the donations from Sadh Sangat and so far, it has been positive and responsive. We thank all the Sikh community for their financial support.

Investments

The trustees' investment powers are governed by the Memorandum and articles of Association.

Reserves policy

We are looking to invest charity's reserves so as not to lose its value by investing in land and building.

FUTURE PLANS

The whole of Irvin House has been purchased and a section of the area is being rented to keep Sangat's burden to a minimum. All plans will be completed with a view to available funds and long-term survival of the Gurdwara. Leases and permissions have now all been secured.

The much needed car park issue is still with us and we must find a solution to address this requirement, pending funding and nearby place availability.

Structural investments have been made and are required to keep the old building in usable order , but we monitor carefully whether such expenditure enhances the building value. We also keep usage permission issues in check.

We will focus more on education and seminars going forward including youth development.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

Charity constitution

Sri Guru Singh Sabha Gurdwara Letchworth is constituted under the Memorandum and Articles of Association dated 23 December 2005 and is a registered charity No. 1108102. Sri Guru Singh Sabha Letchworth is an incorporated charity and the company registration number is 05337262.

Recruitment and appointment of new trustees

Appointment by the Trustees from the nominees proposed by the Sangat using a selection process in compliance with the Memorandum and Articles of Association.

Risks

The Board examines the major risks that the charity faces each period when preparing and updating the strategic plan. The charity has developed systems to monitor and control these risks to mitigate any impact they may have on the charity in the future.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

05337262 (England and Wales)

Registered Charity number

1108102

Registered office

Irvin House

Icknield Way

Letchworth Garden City

SG6 1EF

Trustees

R S Aujla Director

J S Johal Director

K H Jagpal Director

Mrs K Kaur Nurse

M S Parhar Chairman

A S Sandhu Trustee

D S Sangha Trustee

B S Sandhu Trustee

Company Secretary

R S Sangha

Independent Examiner

George Hay Partnership LLP

Chartered Accountants

Brigham House

High Street

Biggleswade

Bedfordshire

SG18 0LD

Approved by order of the board of trustees on 11 November 2025 and signed on its behalf by:

M S Parhar - Trustee

Independent examiner's report to the trustees of Sri Guru Singh Sabha Gurdwara Letchworth ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 5 April 2025.

Responsibilities and basis of report

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.

Independent examiner's statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

1.	accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or

2.	the accounts do not accord with those records; or

3.	the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or

4.

the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Richard Dilley FCA FCCA

George Hay Partnership LLP

Chartered Accountants

Brigham House

High Street

Biggleswade

Bedfordshire

SG18 0LD

23 December 2025

5/4/25

5/4/24

Unrestricted

Restricted

Total

Total

funds

funds

funds

funds

Notes

£

£

£

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

110,200

-

110,200

116,883

Investment income

2

70,658

-

70,658

54,087

Total

180,858

-

180,858

170,970

EXPENDITURE ON

Raising funds

4,125

-

4,125

-

Charitable activities

Management and adminstration

137,498

-

137,498

122,022

Total

141,623

-

141,623

122,022

NET INCOME

39,235

-

39,235

48,948

RECONCILIATION OF FUNDS

Total funds brought forward

1,409,495

-

1,409,495

1,360,547

TOTAL FUNDS CARRIED FORWARD

1,448,730

-

1,448,730

1,409,495

5/4/25

5/4/24

Unrestricted

Restricted

Total

Total

funds

funds

funds

funds

Notes

£

£

£

£

FIXED ASSETS

Tangible assets

7

1,324,283

-

1,324,283

1,258,253

CURRENT ASSETS

Debtors

8

55,371

-

55,371

56,769

Cash at bank and in hand

127,258

-

127,258

156,364

182,629

-

182,629

213,133

CREDITORS

Amounts falling due within one year

9

(20,965

)

-

(20,965

)

(17,772

)

NET CURRENT ASSETS

161,664

-

161,664

195,361

TOTAL ASSETS LESS CURRENT LIABILITIES

1,485,947

-

1,485,947

1,453,614

CREDITORS

Amounts falling due after more than one year

10

(37,217

)

-

(37,217

)

(44,119

)

NET ASSETS

1,448,730

-

1,448,730

1,409,495

FUNDS

13

Unrestricted funds

1,448,730

1,409,495

TOTAL FUNDS

1,448,730

1,409,495

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 April 2025 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

(a)	ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on 11 November 2025 and were signed on its behalf by:

M S Parhar - Trustee

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with 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 Companies Act 2006. The financial statements have been prepared under the historical cost convention, as modified by the revaluation of certain assets.

Going Concern

The financial statements are prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value. The financial statements are presented in sterling which is the functional currency of the charity and rounded to the nearest £.

Financial reporting standard 102 - reduced disclosure exemptions

The charitable company has taken advantage of the following disclosure exemption in preparing these financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland':

•

the requirements of Section 7 Statement of Cash Flows.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and Fittings - 25% Reducing balance

Equipment - 25 % Reducing balance

The freehold property has been revalued during the year and therefore no depreciation has been included.

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

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

Grant Income

Income from government and other grants are recognised at fair value when the charity has entitlement after any performance conditions have been met, it is probable that the income will be received and the amount can be measured reliably. If entitlement is not met then these amounts are deferred.

Pension costs and other post-retirement benefits

The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

2.	INVESTMENT INCOME

5/4/25

5/4/24

£

£

Rents received

70,614

54,046

Interest receivable

44

41

70,658

54,087

3.	NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

5/4/25

5/4/24

£

£

Depreciation - owned assets

6,281

2,574

4.	TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 5 April 2025 nor for the year ended 5 April 2024.

Trustees' expenses

There were no trustees' expenses paid for the year ended 5 April 2025 nor for the year ended 5 April 2024.

5.	STAFF COSTS

5/4/25

5/4/24

£

£

Wages and salaries

34,610

43,229

Other pension costs

1,035

1,292

35,645

44,521

The average monthly number of employees during the year was as follows:

5/4/25

5/4/24

Staff

2

2

No employees received emoluments in excess of £60,000.

6.	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted

Restricted

Total

funds

funds

funds

£

£

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

116,883

-

116,883

Investment income

54,087

-

54,087

Total

170,970

-

170,970

EXPENDITURE ON

Charitable activities

Management and adminstration

122,022

-

122,022

NET INCOME

48,948

-

48,948

RECONCILIATION OF FUNDS

Total funds brought forward

1,360,547

-

1,360,547

TOTAL FUNDS CARRIED FORWARD

1,409,495

-

1,409,495

7.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

and

property

fittings

Equipment

Totals

£

£

£

£

COST OR VALUATION

At 6 April 2024

1,250,000

37,248

34,089

1,321,337

Additions

-

72,311

-

72,311

Disposals

-

(33,000

)

-

(33,000

)

At 5 April 2025

1,250,000

76,559

34,089

1,360,648

DEPRECIATION

At 6 April 2024

-

36,386

26,698

63,084

Charge for year

-

4,433

1,848

6,281

Eliminated on disposal

-

(33,000

)

-

(33,000

)

At 5 April 2025

-

7,819

28,546

36,365

NET BOOK VALUE

At 5 April 2025

1,250,000

68,740

5,543

1,324,283

At 5 April 2024

1,250,000

862

7,391

1,258,253

Cost or valuation at 5 April 2025 is represented by:

Fixtures

Freehold

and

property

fittings

Equipment

Totals

£

£

£

£

Valuation in 2020

(388,182

)

-

-

(388,182

)

Valuation in 2021

(118,893

)

-

-

(118,893

)

Valuation in 2022

39,717

-

-

39,717

Valuation in 2023

50,000

-

-

50,000

Cost

1,667,358

76,559

34,089

1,778,006

1,250,000

76,559

34,089

1,360,648

At the end of the reporting period the property was restated to fair value based on an assessment made by the trustees. They have assessed the value of the property to be £1,250,000 (one million, two hundred and fifty thousand) as at 5 April 2025. The last external valuation was undertaken was during March 2022.

8.	DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

5/4/25

5/4/24

£

£

Other debtors

53,500

54,931

Prepayments and accrued income

1,871

1,838

55,371

56,769

9.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

5/4/25

5/4/24

£

£

Bank loans and overdrafts (see note 11)

6,903

5,621

Accruals and deferred income

14,062

12,151

20,965

17,772

10.	CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

5/4/25

5/4/24

£

£

Bank loans (see note 11)

37,217

44,119

11.

LOANS

An analysis of the maturity of loans is given below:

5/4/25

5/4/24

£

£

Amounts falling due within one year on demand:

Bank loans

6,903

5,621

Amounts falling between one and two years:

Bank loans - 1-2 years

7,077

6,902

Amounts falling due between two and five years:

Bank loans - 2-5 years

22,320

21,770

Amounts falling due in more than five years:

Repayable by instalments:

Bank loans more 5 yr by instal

7,820

15,447

12.	LEASING AGREEMENTS

Operating Leases - Lessor

Minimum lease payments under non-cancellable operating leases are receivable as follows:

2025

2024

£

£

Within one year

16,500

16,500

Between one and five years

9,625

26,125

26,125

42,625

13.	MOVEMENT IN FUNDS

Net

movement

At

At 6.4.24

in funds

5.4.25

£

£

£

Unrestricted funds

General fund

1,409,495

39,235

1,448,730

TOTAL FUNDS

1,409,495

39,235

1,448,730

Net movement in funds, included in the above are as follows:

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

General fund

180,858

(141,623

)

39,235

TOTAL FUNDS

180,858

(141,623

)

39,235

Comparatives for movement in funds

Net

movement

At

At 6.4.23

in funds

5.4.24

£

£

£

Unrestricted funds

General fund

1,360,547

48,948

1,409,495

TOTAL FUNDS

1,360,547

48,948

1,409,495

Comparative net movement in funds, included in the above are as follows:

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

General fund

170,970

(122,022

)

48,948

TOTAL FUNDS

170,970

(122,022

)

48,948

A current year 12 months and prior year 12 months combined position is as follows:

Net

movement

At

At 6.4.23

in funds

5.4.25

£

£

£

Unrestricted funds

General fund

1,360,547

88,183

1,448,730

TOTAL FUNDS

1,360,547

88,183

1,448,730

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

General fund

351,828

(263,645

)

88,183

TOTAL FUNDS

351,828

(263,645

)

88,183

14.	RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 5 April 2025.