Charity number: 1127008
SHRI GURU RAVIDASS GURDWARA GRAVESEND
TRUSTEES' REPORT AND ACCOUNTS
For the year ended 28 February 2021
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SHRI GURU RAVIDASS GURDWARA GRAVESEND Contents Page For the year ended 28 February 2021
| Report of the Trustees | 1 to 2 |
|---|---|
| Independent Examiner's Report to the Trustees | 3 |
| Statement of Financial Ac�vi�es | 4 |
| Statement of Financial Posi�on | 5 |
| Notes to the Financial Statements | 6 to 10 |
| Detailed Statement of Financial Ac�vi�es | 11 |
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SHRI GURU RAVIDASS GURDWARA GRAVESEND Report of the Trustees For the year ended 28 February 2021
The Trustees have pleasure in presen�ng their report and the financial statements for the charity for the year ended 28 February 2021. The Trustees have adopted the provisions of Accoun�ng and Repor�ng by Chari�es: Statement of Recommended Prac�ce applicable to chari�es preparing their accounts in accordance with the Financial Repor�ng Standard applicable in the UK and the Republic of Ireland (FRS 102) (effec�ve 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objec�ves and aims
The Charity's objects are:
- Advance the teaching of Shri Guru Ravidass Ji and the Sikh religion (from the holy book) among the residents of the area to benefit by providing the furnishings a place of worship and secondly to relieve poverty
The main ac�vi�es in rela�on to the objec�ves are:
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(a) To arrange marriage ceremonies in accordance with Sikth faith and according To the current laws of England and Wales
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(b) To celebrate gurpurbs (births anniversaries of gurus) in clause 5 (1).
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(c) To give financial aid to chritable organisa�ons up to a maximum of f250 in Europe. Any contribu�on or financial aid in excess of the f250 maximum should be decided only through a mee�ng and agreement of the general body. Any financial aid to charirable organisa�ons for India should only be decided by a mee�ng and agreement of the general body (only for Shri Guru Ravidass Gurdwara).
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(d) To provide facili�es for a library, educa�onal facili�es, reading room and Punjabi school.
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(e) To bring co-opera�on, brother hood, love and unity in the community
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(f) Shri Guru Ravidass Gurdwara shall open for worshippers and dona�ons at-least 12 hours a day and 24 hours for special func�ons
The Charity through the trustees seek to ensure that all grants made are in keeping with the objects as is s�pulated in the Governing document and those grants are used for such purposes.
Statement on public benefit
The trustees have considered the Charity Commision's guidance on public benefit, including the guidance 'public benefit: running a charity (PB2)'.
FINANCIAL REVIEW
In the twelve months under review, total income was £69,021; (2019: £87,080) and total expenditure was £63,919; (2019: £72,443).
Net results for the year were £5,102; (2019: £14,637) and carries forward funds of £594,928; (2019: £589,826).
Reserves
The Trustees believes that unrestricted funds which have not been designated for a specific use should be maintained so that in the event of a significant drop in funding, they will be able to con�nue the Charity's ac�vi�es and are working towards achieving reserve levels of three to six months of running costs.
Going concern
At the �me of approving the accounts, the Trustees have a reasonable expecta�on that the Charity has adequate resources to con�nue in opera�onal existence for the foreseeable future. Thus, the Trustees' con�nue to adopt the going concern basis of accoun�ng in preparing the accounts.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is an unincorporated charity governed by a cons�tu�on adopted 02 November 2008.
REFERENCE AND ADMINISTRATIVE INFORMATION
Name of Charity SHRI GURU RAVIDASS GURDWARA GRAVESEND Charity registra�on number 1127008 Principal address SRI GURU RAVIDAS GURDWARA
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SHRI GURU RAVIDASS GURDWARA GRAVESEND Report of the Trustees Con�nued
For the year ended 28 February 2021
26A BRANDON STREET GRAVESEND DA11 0PL
Trustees
The trustees and officers serving during the year and since the year end were as follows:
Mr Harbhajan Singh (Chair) Mr Gurdass Ram Mr Rana Rai Mr Thakar Ram Mr Sadhu Ram Mr Harri Ram Rull Secretary Mr D S Bagha Independent examiners Tolu Obisesan New Bond Accountants 4a - 6a Hythe Street Dar�ord DA1 1BX
Approved by the Board of Trustees and signed on its behalf by
13 May 2021 ............................................................................. Mr D S Bagha
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SHRI GURU RAVIDASS GURDWARA GRAVESEND Independent Examiners Report to the Trustees For the year ended 28 February 2021
I report to the trustees on my examina�on of the accounts of the charity for the year ended 28 February 2021.
Responsibili�es and basis of report
As the charity trustees, you are responsible for the prepara�on of the accounts in accordance with the requirements of the Chari�es Act 2011 ('the 2011 Act').
I report in respect of my examina�on of the charity’s accounts carried out under sec�on 145 of the 2011 Act and in carrying out my examina�on I have followed all the applicable Direc�ons given by the Charity Commission under sec�on 145(5)(b) of the Act.
Independent examiners statement
I have completed my examina�on. I confirm that no ma�ers have come to my a�en�on in connec�on with the examina�on giving me cause to believe that in any material respect:
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accoun�ng records were not kept in respect of the Charity as required by sec�on 130 of the 2011 Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Chari�es (Accounts and Reports) Regula�ons 2008 other than any requirement that the accounts give a 'true and fair view' which is not a ma�er considered as part of an independent examina�on.
I have no concerns and have come across no other ma�ers in connec�on with the examina�on to which a�en�on should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Tolu Obisesan New Bond Accountants 4a - 6a Hythe Street Dar�ord DA1 1BX
13 May 2021
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SHRI GURU RAVIDASS GURDWARA GRAVESEND Statement of Financial Ac�vi�es For the year ended 28 February 2021
| Notes Income and endowments from: Dona�ons and legacies 2 Total Expenditure on: Charitable ac�vi�es 3/4 Total Net income Reconcilia�on of funds Total funds brought forward Total funds carried forward |
Unrestricted funds £ 69,021 69,021 ) (63,919 ) (63,919 5,102 589,826 594,928 |
2020 £ 87,080 87,080 ) (72,443 ) (72,443 14,637 575,189 589,826 |
|---|---|---|
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SHRI GURU RAVIDASS GURDWARA GRAVESEND Statement of Financial Posi�on As at 28 February 2021
| Notes | 2021 | 2020 | |
|---|---|---|---|
| £ | £ | ||
| Fixed assets | |||
| Tangible assets | 9 | 541,691 | 559,701 |
| 541,691 | 559,701 | ||
| Current assets | |||
| Debtors | 10 | 5,031 | 969 |
| Cash at bank and in hand | 51,225 | 32,054 | |
| 56,256 | 33,023 | ||
| Creditors: amounts falling due within one year | 11 | ) (3,019 |
) (2,898 |
| Net current assets | 53,237 | 30,125 | |
| Total assets less current liabili�es | 594,928 | 589,826 | |
| Net assets | 594,928 | 589,826 | |
| The funds of the charity | |||
| Unrestricted income funds | 12 | 594,928 | 589,826 |
| Total funds | 594,928 | 589,826 |
The financial statements were approved and authorised for issue by the Board and signed on its behalf by:
Mr Harbhajan Singh (Chair) Trustee 13 May 2021
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SHRI GURU RAVIDASS GURDWARA GRAVESEND Notes to the Financial Statements
For the year ended 28 February 2021
1. Accoun�ng Policies
Basis of accoun�ng
The financial statements have been prepared under the historical cost conven�on, except for investments which are included at market value and the revalua�on of certain fixed assets and in accordance with the Chari�es SORP (FRS 102) ‘Accoun�ng and Repor�ng by Chari�es: Statement of Recommended Prac�ce applicable to chari�es preparing their accounts in accordance with the Financial Repor�ng Standard applicable in the UK and Republic of Ireland (FRS 102) (effec�ve 1 January 2019)’, Financial Repor�ng Standard 102 the Financial Repor�ng Standard applicable in the UK and Republic of Ireland (FRS 102), and the Chari�es Act 2011.
SHRI GURU RAVIDASS GURDWARA GRAVESEND meets the defini�on of a public benefit en�ty under FRS 102. Assets and liabili�es are ini�ally recognised at historical cost or transac�on value unless otherwise stated in the relevant accoun�ng policy note(s).
Going concern
At the �me of approving the accounts, the Trustees have a reasonable expecta�on that the Charity has adequate resources to con�nue in opera�onal existence for the foreseeable future. Thus, the Trustees' con�nue to adopt the going concern basis of accoun�ng in preparing the accounts.
Funds
Funds are mainly through voluntary dona�ons and the government gi� aid scheme.
Incoming resources
All incoming resources are included in the statement of financial ac�vi�es when the Charity is en�tled to the income and the amount can be quan�fied with reasonable accuracy.
Resources expended
Liabili�es are recognised as resources expended when there is a legal or construc�ve obliga�on commi�ng the Charity to the expenditure.
Charitable ac�vites
Charitable ac�vi�es are those costs rela�ng to ac�vi�es carried out to meet the objec�ves of the charity and include directly a�ributed costs as well as support costs.
Alloca�on and appointment of costs
Direct costs a�ributable to a single ac�vity are allocated directly to that ac�vity. Shared costs which contribute to more than one ac�vity and support costs which are not a�ributable to a single ac�vity are appor�oned between those ac�vi�es on a basis consistent with the use of resources.
Taxa�on
The charity is exempt from corpora�on tax on its charitable ac�vi�es.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valua�on less deprecia�on and any provision for impairment. Deprecia�on is provided at rates calculated to write off the cost or valua�on of fixed assets, less their es�mated residual value, over their expected useful lives on the following basis:
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SHRI GURU RAVIDASS GURDWARA GRAVESEND Notes to the Financial Statements Con�nued For the year ended 28 February 2021
2. Income from dona�ons and legacies
| Unrestricted funds Dona�ons received Costs of charitable ac�vi�es by fund type Unrestricted funds Charitable Ac�vi�es Support costs Costs of charitable ac�vi�es by ac�vity type Support costs Ac�vi�es undertaken directly £ £ Support costs Charitable Ac�vi�es 41,287 22,632 Analysis of support costs Charitable Ac�vi�es Support costs Governance costs |
2021 £ 69,021 69,021 2021 £ 22,632 41,287 63,919 2021 £ 63,919 2021 £ 36,902 4,385 41,287 |
2020 £ 87,080 87,080 2020 £ 25,078 47,365 72,443 2020 £ 72,443 2020 £ 44,580 2,785 47,365 |
|---|---|---|
3. Costs of charitable ac�vi�es by fund type
4. Costs of charitable ac�vi�es by ac�vity type
5. Analysis of support costs
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SHRI GURU RAVIDASS GURDWARA GRAVESEND Notes to the Financial Statements Con�nued
For the year ended 28 February 2021
6. Net income/(expenditure) for the year
This is stated a�er charging/(credi�ng):
| This is stated a�er charging/(credi�ng): | ||
|---|---|---|
| 2021 | 2020 | |
| £ | £ | |
| Deprecia�on of owned fxed assets | 18,010 | 18,357 |
| Accountancy fees | 4,385 | 2,785 |
Total staff costs for the year ended 28 February 2021 were:
| Salaries and wages | 2021 £ 5,350 5,350 |
2020 £ 4,983 4,983 |
|---|---|---|
8. Compara�ve for the Statement of Financial Ac�vi�es
The compara�ve year values on the Statement of Financial Ac�vites are for unrestricted funds.
9. Tangible fixed assets
| Cost or valua�on At 01 March 2020 At 28 February 2021 Deprecia�on At 01 March 2020 Charge for year At 28 February 2021 Net book values At 28 February 2021 At 29 February 2020 |
Land and Buildings £ 644,895 644,895 94,815 11,704 106,519 538,376 550,080 |
Plant and Machinery £ 1,607 1,607 321 321 642 965 1,286 |
Fixtures and Fi�ngs £ 68,978 68,978 60,643 5,985 66,628 2,350 8,335 |
Total £ 715,480 715,480 155,779 18,010 173,789 541,691 |
|---|---|---|---|---|
| 559,701 |
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SHRI GURU RAVIDASS GURDWARA GRAVESEND Notes to the Financial Statements Con�nued
For the year ended 28 February 2021
10. Debtors
| Amounts due within one year: Prepayments and accrued income 11. Creditors: amounts falling due within one year Accruals and deferred income |
2021 £ 5,031 5,031 2021 £ 3,019 3,019 |
2020 £ 969 969 2020 £ 2,898 2,898 |
|---|---|---|
12. Movement in funds
Unrestricted Funds
| General General Unrestricted Funds - Previous year General General |
Balance at 01/03/2020 £ 589,826 589,826 Balance at 01/03/2019 £ 575,189 575,189 |
Incoming resources £ 69,021 69,021 Incoming resources £ 87,080 87,080 |
Outgoing resources £ ) (63,919 ) (63,919 Outgoing resources £ ) (72,443 ) (72,443 |
Balance at 28/02/2021 £ 594,928 594,928 Balance at 29/02/2020 £ 589,826 589,826 |
|---|---|---|---|---|
Purpose of unrestricted Funds
General
Unrestricted funds are available for use at the discre�on of the Commi�ee in furtherance of their charitable objec�ves unless the funds have been designated for other purposes.
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SHRI GURU RAVIDASS GURDWARA GRAVESEND Notes to the Financial Statements Con�nued For the year ended 28 February 2021
13. Analysis of net assets between funds
| Unrestricted funds General General Previous year Unrestricted funds General General |
Tangible fxed assets Net current assets / (liabili�es) Net Assets £ £ £ 541,691 53,237 594,928 541,691 53,237 594,928 Tangible fxed assets Net current assets / (liabili�es) Net Assets £ £ £ 559,701 30,125 589,826 559,701 30,125 589,826 |
|---|---|
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SHRI GURU RAVIDASS GURDWARA GRAVESEND Detailed Statement of Financial Ac�vi�es For the year ended 28 February 2021
| INCOME AND ENDOWMENT Dona�ons and legacies Dona�ons Gi� Aid Other Income Total incoming resources EXPENDITURE Charitable ac�vi�es Dona�ons Temple Ac�vi�es Kitchen SUPPORT COSTS Support costs Staf Costs - Wages & Salaries Deprecia�on - Owned Assets Adver�sement And Promo�on Cleaning And Waste Management Insurance Legal & Professional Fees Light And Heat Ofce And Administra�ve Print, Post And Sta�onary Rates And Water Telephone Repairs & Maintenance Small Equipment And Computer Expenses Transport Governance costs Accountancy Fees Total resources expended Net Income |
£ 2021 48,612 17,071 3,338 69,021 69,021 ) (10,722 ) (10,076 ) (1,834 ) (22,632 ) (5,350 ) (18,010 ) (242 - ) (2,299 ) (1,178 ) (4,053 - - ) (3,907 ) (648 ) (765 ) (450 - ) (36,902 ) (4,385 ) (4,385 ) (63,919 5,102 |
£ 2020 73,799 13,269 12 87,080 |
|---|---|---|
| 87,080 ) (4,985 ) (15,828 ) (4,265 ) (25,078 ) (4,983 ) (18,357 ) (1,010 ) (194 ) (2,184 ) (717 ) (8,048 ) (178 ) (826 ) (5,617 ) (645 ) (803 ) (368 ) (650 ) (44,580 ) (2,785 ) (2,785 |
||
| ) (72,443 14,637 |
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