Company No.: 7745606 CAMBRIDGE SIKH SOCIETY LTD COMPANY LIllTED BY GUARANTEE FINANCIAL STATEMENTS For the ear ended 31st Au ust 2021 'AP4TZB2L* 2f405f2022 COMPANIES HOUSE A18
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Company No.: 7745606 CAMBRIDGE SIKH SOCIETY LTD COMPANY LIMITED BY GUARANTEE Financial Statements ear ended 31st Au ust 2021 for the Contents Information on trusteesldirectors and professional advisers Report of the Management Board (Trustees) 2to5 Report of the Ac¢ountants/Independent Examiner Statement of Financial Activities Balance Sheet Notes/Schedule to the Accounts 9t014
Company No.: 7745606 CAMBRIDGE SIKH SOCIETY LTD COMPANY LIMITED BY GUARAIYTEE MEMBERS OF THE BOARD AND PROFESSIONAL ADVISERS The Board of Trnstees Mr. Padamjeet Singh Aulakh Mr. Kanwalpreei Sintrh Chanana Prof. Karamjit Sin¢Fh Gill Mr. Surinder Singh Saini Mr. Harjit Singh Dr. Jagiit Singh Srdi • retired from post on 24110ll021 Registered olee The Grove Arbury Court Cambridge Cambridgeshire CB4 2JQ Aeeountantsl IndepeDdent Examitter Hallbr(xikes {Accountsncy) Ltd. Accountancy & Busines5 Advisers 14 Elstow Road Bedford MK42 9LA Bankers Lloyds TSB Town Square. Stevenage PO Box 1000 BXI ILT Solicitors NBM Ma5succo Shelbourne Solicitors Lincoln House The Paddocks 347 Cherry Hinton Road Cambridge Cambridgeshire CBI 8DH
Company No.: 7745606 CAMBRIDGE SIKH SOCIETY LTD COMPANY LIMITED BY GUARANTEE TRUSTEES ANNUAL REPORT For the ear ended 31st Au ust 2021 Strueture Governance and Mang ement The trustee4 who are also directors for the purposes of ihe Companies ACL have pleasure in presenting their report and the financial slatetnents of the charity for the year end¢d 31" August 2021. Constitution Cambridge Sikh Society Ltd 15 collsiituted under Ihe Memorandum and Article5 of Association dated 18 August 2011 (amended on 14 November 2011) and is a registered charity No. 1144781. Cambridge Sikh Society Ltd is an incorpordted charity and the company registration number is 7745606. Trustees Sele¢tion Methods APInted or elecied by The Gurdwara's Sadh Sangat (people who have faith in Sikhism). Charitable Ob'ectives alld Activities The objects of the Gurdwarn shall be to advance the Sikh religion among the residents of Cambridge and the neighbourhood by providing and furnishing a place of worship and to advance education and relieve poverry among the Sikh community. l. To hold regular Diwan (congregations) and ¢¢l¢brate Gurpurbs. 2. To conduct ceremonies in a¢cordance with a¢¢¢pt¢d Sikh religion ri1¢5. 3. To organize educational activities for the benefit of th¢ Sikh Community- 4. To maintain the Gurdwara. 5. To do all sueh oiher things as are necessary for the attainment of ihe said ObJtIveS.
Company No.: 7745606 CAMBRIDGE SIKH SOCIETY LTD COMPAIYY LIMITED BY GUARANTEE TRUSTEES ANNUAL REPORT (¢ontinued) For the ear ended 31st A usl 2021 Achievements and Perform*ttce to 3110812021 l. For many years the Cambridge Sikh Society (a non-incorporated ¢harity) held Sikh prayers in a hired hall but from June 2012 a pemianent site was purchased in Arbury COUQ Cambridge, CB4 2JQ and renovated as a "Gurdward" With a fomial opening c¢r¢mony held on 2010112013 at this new site. Full improv¢ments/renovaiions costs are reflected in this reportlaccounts. 2. To fvrther improve religious education in the Sikh faith. learned voluntary participants from within the congregation perfom prayer services, Ke¢rtan and Katha on Ihe teachings of Siri Guru Granth Sahib Ji. including tuition on Gurniukhi language using Cu1¢u1Urn based on sacred Gurbani texts and expert instrnaion in Keertan musical instruments. 3. tkspite COVID-19 r¢stri¢tions on publi¢ places introduced end March 2020, the Gurdwara rernained open for individual prayer, and wider Sangat attendartce from July 2020, albeit with restricted services during lockdown periods. 4. Religious ceremonies are perfornied daily. with main congregational services held once a week on Sunday, albeit with pandemic-related restrictions on visitors during lockdown periods. Major fesiival celebrations have continued and were complemented by online events due to head-count reslrictions ai th¢ Gurdward. 5. Giannis, Kaiha Vachiks, Dhadi JathLs etc. are called to enhance religiou5 ceremonies. In addition, speakers from.the wider Sikh community are invited to provide insights on Sikhism and rfOrn) K¢ertan during major events in the Sikh calendar, with events CaPred on national Sikh media channels. No major 8ath¢rings were possible during period5 of national lo¢kdown. 6. The free community kitchen Langar. which undertook a fiyxl safety and hygiene audit in January 2019 that resulted in a 5 (highest POS5ible) hygiene score. continues to operate on a volunieer basis. Langar activities have now extended to 'in the community. food provision to the homele$5 in th¢ City. in cooperation with local Universities Sikh students societies. Langar activities during lockdown w¢re restricted to those essential for religious services 7. We continue to provid¢ free-of-charge Classes to local schools. educational institutions d inter-faith groups on the basics of Sikhism. This activity has now seen some two thousand local children visit the Gurdwara over recent years. 8. The Gurdwara participates in local inter-faith community and educaiion (SACRE} forums providing a sourc¢ of support as well &s knowledge regarding the Sikh faith. 9. Ongoing site improvement continu¢ to benefit from significant volunteer effort and has this y¢Mr seen renovation of r¢sid¢nlial and external areas. A SU¢s$fill grant application for £25k. enabling an 800/0 governmeni contribution for enhanced extemal s¢¢urily, with new car-park gates. exterior lighting and other building security enhancement5 Was completed in August 2021 A student-led fund raising campaign provided £5k of balancing funds. a vital component to secure grant funding and final installation.
Company No.: 7745606 CAMBRIDGE SIKH SOCIETY LTD COMPANY LIMITED BY GUAII4NTEE TRUSTEES ANNUAL REPORT (continued) For the ear ended 31st Au USI 2021 CbY&ri '$ Poli on Reserves The Charity's current reserves policy is to maintsin sufficient cash flow for known commitments, be they for religious servi¢4 site operIng cost& site maintenance and upgrades. Despite the unprecedented Lockdown restrictions faced in 2020 (and subsequently), and the consequent reduction in Sangat congregation visitor numbers, the Trustees hav¢ continued to invest in Sunday services throughout the year and used fund raising campaigns to support addilional investments in building improvements. Financial Review Th¢ main source of funds are th¢ donalions from the Sadh Sangat and remains positive and responsive. We thank the Sikh wmmuniry for their continued financial support that has allowed the progressive reduction on outstanding loans. substantially ahead of lender requirements. nvestmellts The irustees. InveMent powers are governed by the Memorandum and Articl¢s of Ass¢xiation. Future Plan Th¢ Gurdwara building has been operntional from 20101r2013 and the forward development of more extensive community activities is under discussion with the Sangat (congr¢gation)- A succe55fjJl grant application for external site access control and lighting, 800/0 grant-fvnded, has seen related works completed in August 2021. This h&s been mad¢ possible by an associated fiJnd-raising campaign for the r¢quired 20Y• own-funds, undertaken by the Gurdwara and Cambrid8¢ University Sikh students. Risk4 The Board examines the major risks that the charity faces each year 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 irk the future. This has been critical in this second year of COV[19 disruption where we have maintained religious services to the mlMuM lev¢1 possible. whilst also investing in building improvements by nd-raISIftg and 8ranl applicalion, enabling reserves to be maintaind at nornial levels. RullS Th¢ r¢sults for Ihe year, the financial position of the company and ihe iransfer of funds are shown in the annexed accounts.
Company No.: 7745606 CAMBRIDGE SIKH SOCIETY LTD COMPANY LIMtrED BY GUARANTEE TRUSTEES ANNUAL REPORT (conthiued) For the r ended 31st Au 2021 Statement of TrnsteeslDirectors R ]bIlItS The trustees a quired by law to Prepa accounts for each financial year. which give a tnje and fair view of the financial activities of charity and its financial wisition at the end of that yew. In preparing those accounts the trusiees are required to.. Select suitable accounting policies and then apply them consistently: observe the methods and principles in the charliies SORP.. ake judgments and estimates that are reasonable and PTudent", State whether applicable accounting standards and ststements of recommended praciices have been followed subject io any maierlal depamres disclosed and explained in the accounts: Prepare the accounts on the Boing concern basis unless it is inappropriate to presume that the chariry will continue in operation. The trustees are responsible for keeping aCCOUnling records. which disclose with reasonable accuracy the fmancial position of the charity and which enable them to ascertain the financial posltion of the charliy and which enable them io ensure that the accounts comply with applicable law and regulations. They are a150 resFrf)nsible for safeguarding the assets of the charity and hence for iaking reasonable steps for the prevention and detection of fraud and other irregularities. AteountantslInde Messrs. Hallbrookes (Accounlancyl Lid. e willing to continue in office as Accountants for the ensuing year 202112022. Z2 Z•1 Thi5 report was approved by the tTUStees on ....... ..... ......... and Sign on their behalf. me: Dr Jagiit Singh Srdl (DilOrus1ee}
Company No.: 7745606 CANtBRIDCE SIKH SOCIETY LTD COTrIPANY LIMtTED BY GUARANTEE Inde endent Examiners, Re orl to the Directors of Cambrid e Sikh So¢ie Ltd I r¢port to th¢ charity trustees on my examination of the accounts of Cambridge Sikh Society Limited for the year ended 31st August 2021, which are set out on pages 7 to 14. Responsibilities and B*sis of Report As the chariry's (rustees of ihe company (and also its ditorS for the purposes of company law) you are responsible for the preparlOn of the accounts in accordance with the requirements of the Companies Act 2006 ('Xhe 2006 Act,?. Havin8 be¢n satisfied that the accounts of the company are not required to be audiied under Part 16 of the 2006 Act and are eligible for independent examination. I report in respect of my examinatiort of your charity's accounts as carried out under s. 145 of the Charities Act 2011 (the .201 l Act')- In carrying out my examination I have followed the DIrli0n5 given by the Charity Commission under s. 145 {5) (b) of the 2011 Act. Independent Examiners, Statement I have completed my examination. I confirnl that no matters have come to my attention in connection with ihe examination giving me Se to believe= Accounting records were not kept in respect of the company as requir¢d by s.386 of the 2006 Act. The accounis do not accord with those aUntIng records the accounts do not comply with the coUntIng requirements of s.396 of the 2006 Acl 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 The accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Prdctice for accounting and reporting by Charities (appli¢able to charities preparing their accounts in accordance with the Financial Reportin8 Standard applicable in the UK and Republic of Ireland (FRS 102). I have no concerns and have wme across no other matters in connection with the examination to which attentions should be drawn in this report in order to enable a proper und¢r5tanding of the accoun to be rca hed. (Fomon Singh FFA. FAIA. MAAT) Hallbrookes (Accountancy) Limited Accountancy and Business Advisers 14 Elstow Roa4 Bedford, MK42 9LA Date.. DC
Company No.: 7745606 Cambridue Sikh Socie Ltd Com 2ll Limited B Guarantee Statement of Financial Activities for the ear ended 31st Auuust 2021 2021 2020 Restaled Total FuDd$ Drestrie¢ed Funds Restricted Funds Total Funds Notes INCOMING RESOURCES Donations and fvndrai5ing Subscriptions / tax relief on Gift Aid {2) 16.940 2.585 16.940 2585 11,717 la53 Rent Received 8.099 8,099 ioJoo TOTAL INCOMING RESOURCES 27.624 23 27 624 70 RESOURCES EXPEIYDED Charitable expenditure: Mana8ement and administration 23,825 23,825 19,623 TOTAL RESOURCES EXPENDED (3) 23.825 23,825 19,623 NET INCOl[G l (OtrTGOINGI RESOURCES FOR THE YEAR 3.799 3.799 3,747 Balance brought forward ' 253.413 253.413 249,666 Balance carried forward 257.212 257212 253,413 The siatemertt of financial activities include5 all gains and105ses in the year. All incoming resources and rey)urces expended derived from continuing activitie5.
Company No.: 7745606 Cambri e Sikh Socie Ltd Com an Limited B Guarantee Bajanct Sheti asat 31stAu 2021 2020 restated 2021 Notes Flxed knets Tangible Assets {4) 317.807 315.061 Current Assets Debtor51Prepayments Cash at BankJHand {io) 2,585 3.929 6,514 2.690 5.519 8.209 Crediiors: amounts due within one (8) 3.918 1.776 Nel rrent Ilabllllles 2.596 320.403 6.433 321,494 Creditors: anwunls due after one (9) (63.1911 (68,081} Net Assets 257.212 253.413 Flnanced b Add: Surplus Incorne over Expenses Accumulated Funds Blfwd 3,799 253.413 3,747 249.666 Total Funds 257,212 253.413 For the year ended 31si Augusi 2021 the charitable compaJ)y was &)tided exemption under section 477 of the Companie5 Act 26. Dlrectors. resw)fL8ibilities: The members have noi required the company to obtain an audii of its accounts for the year in question in accordance with section 476 of the Companies Act 2006. The direciors acknowledge theiT reswnsibiliues for complylng with the Tequtrements of the Act with respect to accounting record5 and the pyepardtion of acctjjnts. These accounts have been prepared in accordance WAth the provisions applicable to companies subjeci io the small companies Rime. These Financial Statements were approved by the DirectOr[rn on . were signed by: Zo2L Name.. (Diret Dr Jagili Singh Srai rruSteel
Company No.: 7745606 CABRIDGE SIKH SOCIETY LTD COMPANY LIMITED BY GUARANTEE Notes to the Fiknaneial Statement$ For the ear ended 31st Auoust 2021 (i) AccouKfING POLICIES Basis of Accounts The financial siaiements have been prepared in accordance with Accounting Reporting by Charities: Statement of Recommended Practice applicable lo charities preparing their ac¢ountS With the Financial Reporting Starkdards applicable in the UK and the Republic of Lreland (FRS 102). the Charities Act 2011 and applicable regulations. Incomin Resources Incoming resources are recognised in the statement of financial a¢tiviti¢s when entitlement has passed to ihe charity and the amounts are ¢ertain and measurable. Any incoming resources received that relate exclusively to future periods are deferred on the Balance Sheet. Resources Ex ended ExpendIre is ognIsed in the stst¢m¢nt of financial activities when a liability is in¢urred or increased without a commensurate increase in recogni5ed &ssets or a reduction in liabilities. AllotIOn of Costs Direct Activiry Costs comprise those costs that contribute directly to an activity and are allocated to the relevant activity. Support Costs comprise those costs that are necessary to deliver an activity but in themselves do not produce or deliver an activity. Governance Costs are those costs incurred to meet ststutory and constitutional requirements. Funds (a) Unr¢strict¢d fvnds. which are credited to the Income and Expenditure accounts are nomially expendable at the discretion of the management. (b) Restricted funds, which are for specific purposes declared by the donors, are credir¢d to the Income and Expenditure account when received and debited to the same account when paid. (c) tksignated funds represent funds set asid¢ by the Management Comrnittee for specific purws¢s.
Company No.: 7745606 CAMBRIDGE SIKH SOCIETY LTD COMPANY LIMITED BY GUARANTEE Notes to the Financial Siatements (continued) For the ear ended 31st AUst 2021 ACCOUNTING POLICIES eontinued nition Liabilities are recognized &$ soon as there is a legal or constructive obligation committin8 the charity to pay out resource5. Mana emenl Cosis Management costs includ¢ the governance costs of the charity. these being the costs of the preparation and audit of the statutory accounts, the costs of trustee's meetings and the costs of any legal advice to trustees on governance or constitutional matters. reciation No depreciation has been allowed on Buildings in the year 2021. The trustees decided in the cuThent year th Building Improvements should be depreciated at the rat¢ of 20/0 per annum. and this change in estimation has been backdated aordinglY. Th¢ impact of this change is a reduction in the charity's reserves at 31 August 2020 of £5,51 l and an increase in depreciation charged againsi income in rhe year to 31 August 2021 of £721. The rdt¢s of depreciation used to write off the cost of tangible fixed assets over their expected useful lives are: Building Improvements Fixture & Fittings and Equipment 20/0 per annum of costs 25Yo per annum of costs (2) DONATIONS 2021 Total Unrestricted Restricted Funds Funds Funds Donations 16 10
Company No.: 7745606 Cambrid e Sikh Socie Ltd Com 2nv Limited B Gu2r8ntee Notes to the Financial Statements for the ear ended 31st Au ust 2021 (3) TOTAL RESOURCES EXPENDED 2021 Total 2020 Tot#1 Basis of Allocation Govern2nee Costs direct glloeated to aetiviti Accountancy fees Direct Postagerrelephone/Advertising Direet Functions & Donations Direct Wages Dit ort Costs allocated to activities Premises Insurance Motorrrrdvel Kitchen Expenses Repairs & R¢newals Sundries Mortgage Interest Depreciation 850 148 3.166 850 148 3.166 800 174 3,608 Floor Area Usage 8.788 554 400 1.648 4.773 527 1.917 1.054 8,788 554 400 1,648 4.773 527 1.917 1,054 5.913 620 681 2.183 2,158 117 2.333 1,036 Usage Usag¢ Usage Transactions Usage Totsl resourets expended 23,825 23025 19,623 Net Incoming Resources for the yegr This is stated after chargin8: 2021 2020 Accountants, remuneration Depreciation 850 1,054 800 1,036
Company No.: 7745606 Cambrid e Sikh Socie Ltd Com an Limited B Guarantee Notes to the Financial Statements for the ear ended 31st Au ust 2021 {4) TANGIBLE FIXED ASSETS Land & Buildi rovemeDts ent Total COST Additions 281,485 37.752 3.800 4.960 324,197 At 31st August 2021 281485 41,552 324 197 Blhvd Charge for the year 5,511 721 3,625 333 9,136 1.054 At 31st August 2021 6,232 3,958 10,190 NET BOOK VALUE At 31st August 2021 281.485 35.320 1.002 317,807 Buildings for the charity are valued at cost as they are treated &$ charitable assets and not investmeni asset. (5) STAFF NUMBERS AND COSTS 2021 2020 The charity had employees (6) TRUSTEE REMUNERATION & RELATED PARTY TRANSACTIONS No trustee or other person T¢lated to the charity received any rernuneration during the year. No trustee or other person related to the charlty had any personal interest in any contract or Iransaction entered by the charity during the year. 12
Company No.: 7745606 Cambrid e SRI(h Societ Ltd Com an Limited B Guarantee Note5 to the Financial Slatements for the ear ended 31st Au usl 2021 (7) TAXATION As a charity. Carnbridge Sikh SIety Ltd is ¢x¢mpt from tax on income 8aiiib fa. Ilit)g within Section 505 of the T&xes Act 1988 or s.256 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charirable objects. No tsx charges have arisen in the Charity. (8) CREDIT.ORS . Amounts f*llin duewithin ODe ear 2021 2020 Accruals 3,918 1,776 3.918 1.776 (9) CREDrroRS . Amounts fallin due after one Loan 63,191 68.081 63.191 68,081 A Curity is held over the mortgage by way of a char8¢ over th¢ freehold land and buildings. (10) DEBTO AND PREPAYTs 31108r2021 3110812020 tkbtors - Gift Aid reclaim Pr¢paym¢nts 2.535 50 2.585 1.940 750 2,690 13
Company No.:. 7745606 Cambrld e Sikh Socie Ltd Com Limited B Guarantee Notes to the Financial Statements for the ear ended 31st Au ust 2021 (11) ANALYSIS OF NET ASSETS BETWEEN FUNDS 2021 2020 restated General Funds Restricted FuDds Total Funds Total Funds Tangible fixed assets Debtors Cash at BanklHand Long-tem Liabilities Current Liabilities 317.807 2.585 3.929 (63.191) (3.918) 317.807 2.585 3.929 {63.191) (3,918) 315.061 2.690 5.519 (68.081) (1.776) Net assets at 3 1st August 2020 257.212 257.212 253.413 (12) CoA1¥y LINrED BY GUARANTEE The Cambridge Sikh S(Kiety Ltd is a company limited by 8uarantee and does not have a share capital under the provisions of section 30 of the Companies Act 2006. Financial statements are required to be filed annually with the Registrar of Companies. 14