REGI£RE1 D CHARrrY NUMBER: 1023236 REPORT OF THTRuE5 AND iINAiIDrrED FINANCIAL $fATEmEfS FOR THE YEAII ENDED 31 DECEMBER 2023 FOR RAMGHARIA SIKIt ASSOCLITION Aithny Flou101 Sohthns Ud 19 E411nburBh Drivv Stainu. Upon-Thott TW18 IPJ
RAMGHBARIA SIKH ASSOCIATION
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
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|Report of the Trustees|1|to|4|
|Independent Examiner's Report|5|
|Statement of Financial|Activities|6|
|Balance Sheet|7|
|Notes|to the Financial Statements|8|to|12|
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RAMGHARIA SIKH ASSOCIATION RKPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023 "Nol¢- The Term In tlth report J5tAtod ryhe Th1steel$' rcfcr ts ICh•rlty Trnsteth, unlui expllddy itated Otherwhl Th¢ Itwtees pttle Ib¢ir report with thr fill181 stslernents of th¢ clwity for the year ended 31 D¢eemiKr 2023. The Lw¢eeJ bive w10pt the pmvisiorn of Accounlltsg ond R¢pordng by chiti. Statement of Rccotnmended Prlldi lic&blB lo ¢h•rities pteparillg th¢lr Kcounts lo ¢0[dan wti& the FlnAnciAI Repjrtkng St4ndud appllublo im th¢ UKamd WIB of Ilnd{s 102) (¢lTKttv# l Janu2019). ObJectlvu and ThB obJecliv4 ofthe dbadty •Y¢ followB.' The obje¢liv¢ of the Awciall( be the advwKe4nrnt OE the Sikb Religi in accordwe with PAftth* Slkh Rckni MArygd& unoDB the R•m8barii Sikh CoJJJmunity in p8rticulw atsd the whola Sikh Community ot lar8e, ITh 8en¢rnl WoolwlcK suttoundin8 the whol¢ world luge, In furthwco of Ihcs¢ obiectivu but not further or othEn¥i8Q the A3CIall0 shall hovo th¢ followlng powers.. o) To provlde A m¢ctingplJ¢¢ for membernolthe ¢oJDznuolty. b) To PTovid¢ ¢duclltional faclllilci to ¢n•blo the Sthh Rll8ioD th bo tsU8htalottg wlth related wbjects. ¢) To hold 8ervlc# ¢ d) To perform m•tlil8ey etc. e) To crute • Teliglow 4tmosp1K 11 Ipirit of #ICe, frntemlty brotherhoud the ond thD Aswci4tion th¢ whole CommuDSty al18rge, Q To cslabllsb A Liknry Infomwdon Advlllory Bur¢mL 8) To en8HBt and Ministsrfs) (Guranthi) 4lld oth¢r to CAlly Attd in ¢anylng out the WOTk of tho As8oci•lion. h) To ctcath e¢l01 effoth ¢0 promote Boodwlll and ¢0 I)nDlIe Ihe rehtiODS between the I5¢ Mnd Immlbrnt SlEnUI¢t Aellvltlu Tho In¥ comlder the results of tho Assodotiort for this yeor hu b¢en mort SAtlsfa¢lory. Tho nat inc4Jrn for th•J ycar £105,213 (in 2022 At wu £167,164) on pw 7 orth¢ gcwt& The AllsociatioD would llol be obl¢ to prnide iurb o wide Nervic¢ lo our membm wilhoul the contind or I numberofwillin8 minL8ement who 8ivo their¥¢rvittg volUnllY. Page I
RAMCHARtA 51KH ASSOCIATION REPORT OF THE TRUSTEES riOR THE YEAR ENDED 31 DECEMBER 2023 Charltsble aedvltl How the ChArlty'i A¢dvldu dellver pllbU¢ beD¢fjt Thc &rity rrIa out A wide of 8c¢ivities ID of its clJArit8ble ainL The trustces eonsldtr that Iheso •¢livitieJ, 08 summKized below• provide a benefil to both thoK who WOTJhip A¢ the (JrIA (hudwvA and the wid¢r ththg the year the dwity provided the followinB se65 In adyancancnt of ill chadiable acilyiti R¢llWA¢vAll l. The orwi7alion of ¢vBnls ofT¢l18lo Iwrtyncewhere all members of th¢ cornmunlty t•kc pthATrd ben¢fiL Z Th¢ invlt•tlon of l¥¢urBrn and muJIclN froffj AbTh>Ad to cnlfyhten the Convesl0 OA v•riow oethe Sikh roli8ionudcuittuE. ConwiunltyActfvl l. Th• or8attlz4d(m olhealth aw¥relleJ8 wortrJ wveTln8 illues as beBIth¢1Ck.UPS, di•beM depMioll and so fortlL 2. Th• knlloring ofpeople who hav6 aqulwVE&ined Specifjc achievenmts In the ¢ommwiity. 3. Thr org8ni7Ation ofGum)ot lorchildKM durlN8 the holidays, 4. The or8anSz4ih)J of thy trfp8 to pjacu of interest Ard se8sSdo trips foryouD8 thildrcn and Ihc elderly. 5, The 8ettin8up ofyoy ond keep flt clMseJ forboth man woJDtrtt the RryArbii Cornmurrity C¢lltrv. 6. Th¢ oY8anlzation ofmBttiaBC burn dwkn8 the yw. 7. Thc JOty ofiiRhiy In the have bc converted lo low ellcrgy lighting lo contribulc lowarth fD ¢oNeryolion and wbon foolprinl I¢dlIon. The Temple 18 looking into ways boojt enw¢fficIeey. 8. R•mgatha8 Slkh Aslociotion h&8participaled a8aiD in lh¢ ortion ora Nwr Kirt4n thls year. It involves the pAr¢ of the Holy GUN Grllnih Sahlb on ajpeciolly modified Y¢hl¢le wlth palkl and the Kirtan Jathll rf0rnth18 Kirt with five beloved on¢s the conBrngation folioin8the Holy alth Sohib on fooL Th yeHrthe procwion WeXtsMeIy larye And rnised the awarcnea4oESikh vth to the ordinBry pwile of the ommunity. FTK foU8wllsO provlth Communlty EdueNi1o1I AethTIt l. The PVISIon oepllllillbi froffi toddlerA lo GCSE level. Thi8provld¢$ an In8( illto the Pwiiabil8UQs¢ and allo yOUDg people to kaftLlh¢ Pwijthi ianBUttB4 thebY fjlknviDg thcrn to th¢ Holy Owu Grnnth Sahib and widerstand Sikh volu 2. The gdting up ofA cDmpulerleRrnin8 for t¢th8 Inf0ml10Th IccluKthi8yandthe teachlng of the PUD loD8U0. 3. Thc provision of GurDln&¢lo1¥Il musicol closw ts help the whok consrwtioni ¢8pIll1Y youllg peopl4 to undentsnd thc Gurbltii and wlder Sikh lueS. 4. Gurtjolli closses are Also pD)vid¢d forp¢opl¢ of all ages io thatpeople Tead AIMI Coll[Char1 the Holy Guru 13ranth Sahll in OTder fora dceperWMktlldin8 ofthB Sikh doctrine can be llttainuL Pft8c 2
RAMGHARIA SIKH A&SOCIATION REPORT OF THE TRUSTEFS FOR THE YEAR ENDED 31 DECEMBER2023 FThAc REvw Prln¢lpl wcej The miiD Sou¢0( lllL¥)Mew Voluthy incon £247,721 (2Tr21. £261,140). The tved iThwtmf•l incDme of £3&?{1022. £30.900). FREILHOLD PROPIGRTIES The prnpcrtici wwe indenIty Ythed by Clo¢ WITW Charfered Swveyon bJ3ed on 118 in Mwrh 2006 a8 foUDWI', SIIthTempte Hlll £1200,000 At Wthnount Rood Presqnlly thcrn 13 no Rellcrve Poliry. Sutplu5 fiw& uwlttl4lnEd At * hllh IBvol for futtua Unre#dCO cxpendlture. This prnVId wffi¢i¢at t18 kn covGr 8¢M¢t ftdmituthtion and support CO511. UnltrIcted iljllth w maillthd at this level through tho ytsr. srATEMENf OF RIESPONSIBILTnES a) Selt wilablt IoUnting policks afjd apply them conililrttily. b) Maka judgements And estinleS that ue reuonoble ond pnthDL c) Sl* whether appllcable a0tbE Standard and r¢¢ot)Mnendcd prn¢ti hiv¢ been followed Subject ¢0 w rnoterlal d¢pit1urndiicloscd and oxplained in th¢ ¢(mlS. d) Pw the fjn8urial OA # 8Ui08 concern bAsli unleu il ts •pproprt•te lo prev thAt the chlty will eootinue In op¢rntlorL The troslees bye respornible for keeping qttounlin8 rewr which diwloK with r¢a¥oMble occwacy •1 any time the fimncial p05ilioD of th¢ Nod ¢tstbl# Ibrm to enwre that the fm•JKiAI Jlatements comply wlth Ihe Clwlll¢J Act 1993. They are Riso rwotssibts for Jaf• ytthn8 the Mjelj of the ChoTIty WKI henca for tskiThB Tr&wnable aty for the prnvenilonand ddectioD of fraud Ind othariTfEgularitiBs. GoY•rnlnE do¢um¢A¢ Tho charity is ronlTolld by its gov¢rniti8 docUnl, adeed of and ¢oNtilules In Wlin¢Oornted chllrlty. IndudloD And tralthg oluffly MoJ¢ thady faThiiiu with the work ofthe chiity IJW u¢ 4ppoin(ed, TrainiDB ij prnvid Re8lsl•nd ChArlty number 1023236 PrlDdpAIAddmi HIEI Woohvi¢h SE18 6EJ Page 3
RAMGHARIA SIKH ASsOCTION REPORT OF ThE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023 Thiittej oftrn*xs (atthedatsthe TeP)rt IN0ved) l. B Kuldw KaurS¢dn MBB- PteJidA I S DaThlwi SID8h Pan¢w.13aI Stcrcliry 3. 8 HAnlip Btsg811- Trusuter 4. S DAvinderSlngh KdI. Vke Praldent 6. S Kmll Sln8h Brlah-AMigtantTYea8urer 7. S NIrM SinBbBwJ¥oi. S¢ornk¢ep 8, S Hi1nder Sirn- Jrrthed•r 9, S Swints SlnBh DI0. kn1518ntlAthtsthr 10. S Gurniit SiD8h MathVU-stltrtjlthed1r 11. S Amrik SlnAh Vlrdl- Aulatant Bulldln8SuperylNbr 12. S Qurdeep Sin8h Chaggar- AJslstaDt Buildin8 Sup¥1[ C0P1ed mom1• L3. S MopvindcrS1AP]lhi. SenlorAdmiMkntsJr 14. S CArnll SlnAh Bbm IS. S AMMJII SID8b VI- RellBknM EducotionIAw 16. S JA8tsr SinBh- A¢¢ounlqnirrreaBurer 17. B Kalvlnder Kaur PAYAI. L4dtt4 S•tsani 18. B Surinder KthwSAAOO 19. 8 Upknr sknthawii. Assl6t•nlTreMu tn Addltlon to tho Exe£ulfve Cornmittee, tho AuocfaHon hBS HoldillB Tn1¢¢1. Holdin8 Thmlees arn for the of inB land eomprtaej oe fivB membern of tho A8sockn¢ioth muo¢ be Ilf¢ memberj for four b¢foYe CAn be •lfAed Holdlnl knte4 0¢ •lx¢¢d thay wlll I]d offlu for Ilvo rn Tho cvrKDI HoldtDB Tnttl Ire fourn. l. Juwln&r Sln8h Jththi Z ChATrn Sinmh math 3. Gwd¢vSin8h Rllt 4.KArnmJli KAur Blx)gql 3, B¥¢ 5in8h Salldhu IDd¢ptndelltExfflmlner lrtthfjol MAthuu FCCA Alcbemy Flrt8n¢lg1 Soluthju Lfyl 19 Edlnw Drivé TWI8 IPJ Approved by ordcrofthc b0[ ttustcu on... .. k" sLe KALpR SiGh8n ULI Page 4
INDEPENDE EXAMINERIS REPORT TO THE TRUSTEES OF
RAMGHARL4 SIKEI ASSOaATION
Independellt tyAmkner'i report to tho tru5teeJ RAmghArts Sllth knMel#¢Son
I rrwt th tho chlty tnwlces on rny Cxamillation of the Accounts of Ram8hari& Sthb Aysocilllion (the T1) for th¢ yur
ejmled 31 De¢¢¢rthcr2023.
Responslbllldu Ind of report
AS the clwTity trusteeA of thc Tru¥t YOU NPDrnibk for the prcpllrntlon of thB KCOUtJts in wlth the
teqllirements of theariti# A¢t2011 Cth• Act).
l Teport in T¢spect of my eXanthON of tho Tru,& eccounts wrfed ¢Jut under Seetlon 145 of the Act and In
RAMGHARIA SU(H ASSOCIATION STATEMEwf OF FINANCIAL AllES FOR THE YEAR ENDED 31 DECEMBER 2023 2023 Totsl UDrestricted Rcstrictcd fund fund NotCS INCOME AND ENDOWMENTS FROM Donations And lewies 251,721 251,r21 294292 InvBStmcnl iiicoiiie Othw fneome 39,769 39,769 31,210 558 291,490 291,490 32A060 EXPENDITURE ON BAi8in8 funds 147542 14792 135,606 Oth 38,735 38,735 23290 Tot 186,2TI 186,277 Is896 NET NCOME 105213 105,213 167,164 RECONCIIJATION OF FUNTh8 Tothl brougbt forw4rd 1429,587 2.429,587 2262,423 TqyfAL FUNDS CARRIED FORWARD 1534,8t)O 2534,8(Kl 2,429587 Thc not¢6 fonn part DFthese financial statemcnts Pa8¢ 6
RAMGHARIA SIKH ASSOCTATION BALANCK SHEET 31 DEcEBER2O2j 2023 Totsl 2022 Tothl funds Unttstrieled Restricted fund Not FIXED Assrrs T•tiBiblc lE11 2,099.687 1099.687 2,028,578 Debio 28,180 423,305 2B,IBO 423.305 28,180 389217 in hond 451,485 451,485 417,397 CREDITORS Amounts fallin8 duawithin one year 11fj372) {16Jn) (16,388) 435,IL3 435,113 401,009 TOTAL ASSETS LV3S CURR 2,534,800 l334,800 2h29,S87 NET ASS[8 1534,800 2,$34,81JO 2,429,587 Unr¢strictrd fimtr, Qenernl fiu 2,534,BQO 2,429587 TOTAL IIUNDS 2,534,8LKI 2,42987 Th¢ (SnAncl Wert epprnved by th¢ Boud of Thtyleu ovthoriyed for l&we on l31..11..1..2.o.Ay. w¢r¢ si¢d on Its bEhrby. Tnte¢ kLsL KAUK SicHRA The notes fi)rm part ofthese ffrthncial 8ts1ements
RAMGHARIA SIKH ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMJER 2023 ACCOUKllNG POLICILS BAth fjfprep8rlng tho IIDwnd•l itAtemenli The IlnBDcial $eMen11 of the thlty. which18 i public bEnEfit cntity under FRS 102, ha been prepar¢d I QCCDrddn¢e wlth the Charitie5 SORP (FRS 102) IAc¢owiting and Rel1n8 by Cbthtia: Siatemel of Recommendcd Prncti¢e applluble to ¢lwities pryring th¢ir ie¢ounts in with the Ffnmcial ReportinE Sthndud appl1blO In the UK a1 Rcpjblic of (FRS 102) (effc¢live l Janw 2019),. Fiftfjacial RwrtiDB Stsndard 102 The FiDJllCi81 RyJths Standllrd applicabk in Ibe UK •nd Ryblic or Irelond, and the Charities Act 2011. Th¢ finDNiil Glaiements hllvc been prepAred under the hlslorical cosl conveAtioD, All incomc li T¢¢Dbmi8ed in th¢ Statement of Fin0117 A¢tivilie8 onca tho charity cntitlunertt to the it IJ pxoblble thAt tho income will bp trcdv¢d Ind thewnouDt Can bo Tclithly. Xxpolldlture Liabilitiu #Tr TE£OlIEd u QXPQDdltwc aj SOOD there kn b kgal or constrnctsv¢ Oblition committing tho charity lo Ib•t expcndiiiiN It li probibl¢ thil a tZAnsfer of economlc benefits 11 bB ill settlertenl Jnd tho AmouDI of tbe obll8at5on can be mealed rellibly. Expen(Iliure IJ accoted for on In a¢¢nwlg ba8ls and beeD under beadEagJ thil ABve8n¢e au cost rBlated to the cateRory. Wbete costs canmt be dIrIty &ttTibutcd io particu]ar hill&S thvl b&ve been •lloc0¢ ¢0 tly1¢¥ on 4 b1# ¢ouist¢nt with the of T•nEible Ilxed ets DeprecilOn li proVId Al th# following tateg la order lo lIe olf each i6Bet ovcr its o¢lmil¢d uDJl Ilf Fixiut¢S And fittinBI Compulu ¢q1pme0t 15% ¢m rethiciD8 balance 25% on tedu¢ins bLlaoe• Tindo Tr chKiiy is exeu4>l fmm on its ¢lwit4bk a¢tivld•, riund a¢cotstIDE Unrestrlcled fillMlJ ¢m be In&¢d¢ wilb the cb*ltsblo objxtlves at the di¢110n ofthe trustse Ruttlcled fiw& can onty be ud for portirytsr rEIded wlthln Ibe objects of the thrity. Rcjtsxtionj artse whenipE¢lfied by thc donor or when are rnlRd for pthi¢ular rcjtricled FUNberexpIall1onot the Dglure WKI puTroJ¢ orch li iticlthkd in the nots to the fllMnBiil thlements. 21Y23 2022 Rents rrceived trtl¢ttsl ttceiv&bl¢- tM(hDB 36.7iXI 3,069 30,900 310 39,769 31210 Pa8e 8 continued...
RèlMGHARIA SIKH AssoATION NOTES TO THE FINANCIAL sfATEMCNTS. condnued FOR THEI YEAR ENDED 31 DECEMBER 2023 RAISING IfuNDS donAlloN 8nd kgaetel 2023 2022 Sth(feosts Swidties Support costs 69.812 992 76.n8 41286 94,320 147,542 135,606 TRUSTEESI RKMiFNERATION AND BENEFrrs Trzr Th) ttwted teMurnI10ll or other Luellts ftt the ytar ended 31 December 2W nor for the year ended JI December2022. Trwl¢u' expeni Tkn W? no Expell piid for tho yw rJthd 31 Dexonb¢r 2tr23 Dor for the yeAr ended 31 De¢embcr2022. COMPARATIVLS FOR THE sfATEMENf OF FINANCIAL ACnVIrnS UJwestrict¢d Restri¢led Tolai INCOME AND ENDOWMENTS FROM Donitlom Ind Icwi 294,292 294,292 Inveslment Income Other incornc 31210 558 31210 558 TolAI 326,060 326,060 ETrEiYDrruRE ON islni fium 135,606 135.606 Other 23,2X+ Total 158196 158,896 ll¥COME 167,164 167.164 RECONCILIATION OF Fuf4DS Tol81 brought foThvard 1261423 1262,423 TOTAL FUNDS CARRIED FORWARD 1429587 1429587 Page 9 continued...
RAMGHARIA SIKH ASSOCIATION NOTES TO THE FINANCIAL sfATEMEI NTS- ¢ontlnued FOR THE YEAR ENDED 31 Dll CEMBER 2023 TANGIBLE FIXED4L8SETS Fixture5 F¢1m}Id propety fittings Computer cquipmwt Totsli COST At l January 2023 Additiotts IIX13,078 75,038 208,727 3238 2215,043 75,038 At 31 D¢camber2023 1078,116 208.727 3238 2290,081 DEPRECIATION A¢ l January 2023 foryear 184,252 573 2213 256 186.465 3.929 At31 DecembEr2023 187,925 2,469 190J94 NET BOOKVALUE At31 Dwcmber 2023 2,078,116 20102 769 1099.687 At31 D¢¢embcr2022 1003,078 24.475 1,025 lo288 Other dEb¢o 2&180 28,180 cRED0]L8. AMOUNTS FALLING DUE wrrHIN ONEYEAR 2023 2022 Trnd¢ ¢Nlilo Other cr¢diloTs 16J71 16J88 16J72 16J88 MOVEMICNT IN FVNDS Net movement in fiwd8 At 31.1223 At1.123 Uw¢gtrleted tun G¢nErnI fiwd 2,429587 105213 1534100 2,429,587 105,213 1534,800 P8g¢ 10
RAMGHARIA SIKH ASSOCtATION NOTLS TO THE FINANCLIL STATKMENIE. contlnutd FOR THE YEAR ENDED 31 DECEMIIER2023 Netmovemeniln fiwd5. included in th¢ above ax folloM: lJcomiD8 Reu&S Movem¢nl resoue5 expended in fimd Unrutrfclul fundi 291.490 (J86277) 105.213 291,490 (186,277) 105,213 CompArwlfvu for movemtnt In fuDdi Nct movement in fiuHIs At 31,1222 At I,1.22 Unrtstrleted funds General fuNI 2,261423 107,164 281987 2,261423 167,164 2,429.387 Cornpthtive lletmovcmcnl in fund4 Induded io the abm aT¢U fouowi: Incomin r¢source8 ResoufLYS Mov¢men¢ expended in fid$ Unrulrteled fuo Oetsernl 326.060 (158196) 167,164 TOTAL FUNDS 326,Q60 (158,896) 167,164 A eunmt yur 12 W[Al0r yar 12 Mbined po0 is AS follows., Nct movement in fu8 At 31,l223 At 1.1.22 Unrejtrkled fun GeneTrl fund 1262A23 271377 l534,8lJO TOTAL FUNDS 2262,423 2713TI 1534,81 Pa8ell Continu1...
RAMGHARIA SIKH ASSOCIATION NOTES TO FINANCIAL STATEMICNTS- contlnuod FOR THE YEAR ENDED 31 DECEMBlll12023 MOvEMEr IN FUNDS- ¢onllnued A current yur 12 prior yw 12 nhinths combIntd nrt nwvemeJ)t In funth, Inc1(d in the Ibove tre as follows: Incoming Resource8 Movement urces expended In fund5 Unreltslcted Gra1 fund 617,550 (345.173) zn,377 TOTAL FUNDS 617,550 {345,173) 2T2,377 IQ. RELATED PARTY DISCLOSURFS TheR wrt¢ llo r¢la(¢d pty tran$tIOnS for the yeAreDded 31 Decernber 2023. Pa8e 12