Company No.: 7745606 CAMBRIDGE SIKH SOCIETY LTD COMPANY LIMITED BY GUARANTEE FINANCIAL STATEMENTS For the ear ended 31st Au ust 2024 *AE303QJF" 3010512025 COMPANIES HOUSE A13
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Company No.: 7745606 CAMBRIDGE SIKH SOCIETY LTD COMPANY LIMITED BY GUARANTEE Financial Statements ear ended 31st Au ust 2024 for the Contents Inforn]ation on trusteesldirectors and professional advisers Report of the Management Board (Truste.es) 2to5 Report of the Accountants/lndependent Examiner Statement of Financial Activities Balance Sheet Notes/Schedules to the Accounts 9t014
Company No.: 7745606 CAMBRIDGE SIKH SOCIETY LTD COMPANY LIMITED BY GUARANTEE for the ear ended 31st Au ust 2024 MEMBERS OF THE BOARD AND PROFESSIOIYAL ADVISERS The Board of Trustees Mr. Ishnieet Singh Arora Mr. Padamjeet Singh Aulakh Mr. Kanwalpreet Singh Chanana Mr. Surinder Singh Saini Mr. Harjii Singh Di. Jall Singh Srai Registered Office The Grove Arbury Court Cambridge Cambridgcshire CB4 2JQ Aceountantsl Independent Examiner Hallbrookes (Accountancy) Ltd. Accountancy & Business Advisers 14 Elstow Road Bedford MK42 9LA Bankers Lloyds TSB Town Square, Stevenage PO Box 1000 BXI ILT Solicitors NBM Massucco Shelbournc Solicitors Lincoln House The Paddocks 347 Cherry Hinton Road Cambridge Cambridgeshiie CBI 8DH
Company No.: 7745606 CAMBRIDGE SIKH SOCIETY LTD COMPANY LIMITED BY GUARANTEE TRUSTEES ANNUAL REPORT For the ear ended 31st Au ust 2024 Structure Governance and Mana ement The trustees. who are also directors for the purposes of the Companies Act, have pleasure in 5t presenting their report and the financial statements of the charity for the year ended 31 August 2024. Constitution Cambridge Sikh Society Ltd is constituted under the Memorandum and Articles of Association Ih dated 18, August 2011 (amended on 14 November 2011) and is a registered charity No. 1144781. Cambridge Sikh Society Ltd is an incorporated charity and the company registration number is 7745606. Trustees Selection Methods Appointed or elected by The Gurdwara's Sadh Sangat (people who have faith in Sikhism). Charitable Ob ectives and Activities The objects of the Gurdwara 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 aiid relieve poverty among the Sikh commuiiity. To hold regular Diwan (congTegations) and celebrate Gurpurbs. 2. To conduct ceremonies in accordance with accepted Sikh-Teligion rites. 3. To organize educational activities for the benefit of the Sikh Commuiiity. 4. To maintain the Guidwara. 5. To do all such other things as are necessary for the attainmenf of the said objectives.
Company No.: 7745606 CAMBRIDGE SIKH SOCIETY LTD COMPANY LIMITED BY GUARANTEE TRUSTEES ANNUAL REPORT (continued) For the ear ended 31st Au ust 2024 Achievements and Performance to 3110812024 For many years the Cambridge Sikb Society Limited (a non-incoTporated chaTity) held Sikh prayers in a hired hall but from June 2012 a pernianent site was purchased in Arbury Court, Cambridge, CB4 2JQ and renovated as a "Gurdwara" with a fornial opening ceremony held on 2010112013 at this new site. Full improvcmentslrenovation costs are reflected in this reporuaccounts. To further iniprove religious education in the Sikh faith, learned voluntary participants from within the congregation perforni prayer services, Keertan and Katha on the teachings of Siri Guru Granth Sahib Ji, including tyition on Gurmukhi language and expert instruction in Keertan niusical instruments. Religious ceremonies are performed daily, with main congregational services held once a week on Sunday, with major festival celebrations (e.g. Vaisakhi, Bandi-chor Diva& Gurpurabs) marked on the day. Giannis, Katha Vachiks, Dhadi Jathas etc. are called to enhance religious ceremonies. In addition, speakers from the wider Sikh community are invited to provide insights on Sikhisrn and perforni Keertan during major events in the Sikh calendar, with events captured on national Sikh media channels. The free community kitchen Langar. which has had food safety and hygiene audits in January 2019 and May 2023 resulting in a 5 (highest possible) hygiene score. continues to operate on a volunteer basis. Langar activities have now extended to 'in the community, food provision to the homeless in the City, in cooperation with local Universities, Sikh students societies. We continue to provide fiee-of-charge classes to lo1 schools, educational institutions and inter-faith gioups on the basics of Sikhism. This activity has now seen some two thousand local children visit the Gurdwara over recent years. The Gurdwara also participates in local inter-faith community and educalion (SACRE) forunis providing a source of support as well as knowledge regarding the Sikh faith. Chaplaincy support links now established with local universities. schools, hospitals, prisons and airport. Ongoing site improvement continues to benefit from volunteer efforts. In 2023 this has seen full modernisation of fire safety equipment (panel, emergency lighting, fire doors, signagc), upgrading of gas supply and air ventilation and cloaknoonis. These have enabled positive Fire Safety Audits. Small graiit applications have been made including successful match-funding grant from Cisco in 2022. Refurbishments in the residential areas have also been undertaken and thes¢ costs are included in this reporting period. Premtses are routinely audited for Fire-safety and Gas-safety. In 2021, following a comprehensive audit of electrical installations, certifjcation was completed in October 2021. This also involved the installation of a complete set of new fuse boxes to the latest regulatory standards, new light-switch panels, and additional sockets with annual PAT testing undertaken.
Company No.: 7745606 CAMBRIDGE SIKH SOCIETY LTD COMPANY LIMITED BY GUARANTEE TRUSTEES ANNUAL REPORT (continued) For the ear ended 31st Au st 2024 Chari 's Polic on Reserves The Charity's current reserves policy is to maintain sufficient cash flow for known comniitments, be they for religious services, site operating costs, site maintenance and upgrades. Increasing Sangat congregation numbers and donations has allowed the Trustees to expand services throughout the year. More substantial fund-raising campaigns to support the next stage of development of the building are being planned. Financial Review The main source of funds are the donations from the Sadh Sangat and remains positive and responsive. We thank ihe Sikh comniunity for their continued financial support allowing the progressivc reduction of outstanding loans, subslantially ahead of lender requirements. Overall in¢onie to the Gurdwara now exceeds pre-pandemic levels aiid has allowed the trustees to expand religious events and services, upgrade facijilies and further reduce outstanding loans. Investments Thc trustees. investment powers are governed by the Memorandum and Articles of Association. Future Plan The Gurdwara building has been operational from 2010112013 and the forward development of more extensive community activilies and facilities is under discussion wilh the Sangal (congregation). Previous successful grant applications for site improvements were completed in 2021, made possible by an associated fimd-raising campaign undertaken by the Gurdwara and Cambridge University Sikh students. Further snlall-gtaiit applications have been made including a success1 Cisco MatCh-ndIng programme. Jmprovements to internal facilities, including electrical works (completed 2023}. enhanced lighting (completed 2024), gas supply -and air-circulation upgrading (completed 2024), enhanced fire protection (completed 2024) and refurbishnient of resideiice areas (completed in 2024). Future building developments'are now-__. being considered based on a positive financial position. Risks The Board examines the major risks that the chaTity faces each year when preparing and updating the strategic plan. The charity has d¢v¢lop¢d systenis to monitor and control these risks to mitigate any impact they may have on the charity in the future. In 2023, a second Food Safety and Hygiene Audit returned another top 5* rating score. In 2024, a successful Fire Safety Audit was completed. supported by fire safety assessments and updated strategy. Further, a review of the residenlial areas by the local City Envirotllnental team, has led to upgrading of lighting, fire doors and installation of wired alarnis for each residential room. The Trustees will continue to invest in building improvements by fund-raising and grant application, to enhance services and comply with relevant legislation. Results The results for the year, the financial position of the company and the transfer of funds are shown in the atmexed accounts.
Company No.: 7745606 CAMBRIDGE SIKH SOCIETY LTD COMPANY LIMITED BY GUARANTEE TRUSTEES ANNUAL REPORT (continued) For the ear ended 31st Au ust 2024 Statement of TrusteeslDirectors Res onsibilities The tnteeS are required by law to Prepare accounls for each financial year, which give a true and fair view of the financial activities of the charity and its financial position at the ei)d of that year. In preparing those accounts the trustees are required to: Select suitable accounttng policies and then apply them consistently. observe the niethods and principles in the charities SORP. Make judgments and estimates that are reasonable and prudent; State whether applicable accounting standards and slatements of recommended practices have been followed subject to any material departures disclosed and explained in the account5- Prepare the accounts on the going concern basis unless it is inappropriate to presume that the charity will continue in operdtion. The trustees are responsible for keeping accounting records, which disclose with reasonable accuracy the financial position of the charity and which enable them to ascertain the financial position of the charity and which enable them to ensure that the accounts comply with applicable law and regulations. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other Iegular1ties. Accountantsllnde endent Examiner Messrs. Hallbrookes (Accountancy) Ltd. are wllliog to continue in office as Accountants for the ensuing year 2024125. This report was approved by the trustees on . . and signed on their behalf. Mr Kanwalpreet Singh Chanana (Directorrrrustee)
Company No.: 7745606 CAMBRIDGE SIKH SOCIETY LTD COMPANY LIMITED BY GUARANTEE Inde endent Examiners, Re ort to the Directors of Cambrid e Sikh Socie Ltd I report to the charity trustees on my examination of the accounts of Cambridge Sikh Society Limited for the year ended 31 st August 2024, wh&ch are set out on pages 7 to 14. Responsibilities and Basis of Report As the cbarity's trustees of the company (and also its directors for the pUoSe$ of company law) you are responsible for the preparation of the accounts in accordaiice with the requirernents of the Companies Act 2006 ("the 2006 Act"). Having been satisfied 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 exaniination of your charity's accounts as carried out under s. 145 of the Charilies Act 2011 (the '201 l Act,). In carrying out niy examination I have followed the Directions given by the Charity Commission under s. 145 (5) (b) of Ihe 2011 Act. Independent Examiners, Statement I have completed my examination. I confimi that no matters have come to my atlention in coiinection with the examination giving me cause to believe: Accounting records were not kept in respect of tlie company as required by s.3 86 of the 2006 Act. The accounts do not accord with those accounting records - the accounts do not comply wilh the accounting requirements of s.396 of the 2006 Act other than any requirement that the accounts give a 'truc and fail, view which is iiot a matter considered as part of an independent examination. or The accounts have noi been prepared in accordance.with the methods and principles of the Statement of Recommended Practice for accounting aiid 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. Harvinder Kaur Josan BA (Hons) FCCA HalEbrookes (Accountancy) Limited Accountancy and Business Advisers 14 Elstow Road, Bedford, MK42 9LA Email: services hallbrookes.com Dale: J4 2c)L£
Company No.: 7745606 Cambrid e Sikh Socie Ltd Com Limited B Guarantee Statement of Financial Activities for the ear ended 31st Au ust 2024 2024 2023 Unrestricted Funds Restricted Funds Total Funds Total Fund$ Note INCOMING RESOURCES Donations and fundraising (2) 31.011 31.011 24.186 Subscriptions / tax relief on Gift Aid 3,145 3,145 5,367 Rent Received 14,770 14.770 19,520 TOTAL INCOMING RESOURCES 48,926 48,926 49,073 RESOURCES EXPEIYDED Charitable expenditure: Management and administration 41.991 41,991 32,489 TOTAL RESOURCES EXPENDED (3) NET INCOMING RESOURCES FOR THE YEAR 6.935 6.935 16,584 Balance brought forward 293,(M)6 293,006 276.422 Balance carried forward 299,941 299,941 The statement of financial activities includes all gains and losses in the year. All incoming resources and resoutces expended derived froni continuing activities.
Cambrid e Sikh So¢ie Ltd Com an Limited B Guarantee Balance Sheet as at 31st Au ust 2024 Company No.: 7745606 2024 2023 Notes Fixed Assets Tangible Assets (4) 332,636 316,876 Current Assets Debtors/Prepayments Cash at Bank and in Hand (10) 2,777 15,025 17,802 8,067 23,728 31.795 Creditors: amounts due within one ear (8) 1,027 1,877 et current liabilities 16.775 349,411 29,918 346,794 Creditors: amounts due after one ear (9) (49,470) (53,788) Net Assets 299,941 293,006 Financed b Add.. Surplus Income over Expenses Accumulated Funds Blfwd 6,935 293,006 16,584 276,422 Total Funds 299,941 293,006 For the year ended 31 st August 2024 the charitable con)pany was entitled to exemption under section 477 of the Companies Act 2006. DirectOTS' responsibilities: The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476 of the Companies Act 2006. The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounling records and the preparation of accounts. These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. These Financial Statements were approved by the DirectOrrUsteeS on were signed by: .and Mr Kanwalpreet Singii Chanana (Directorrrrustee)
Company No.. 7745606 CAMBRIDGE SIKH SOCIETY LTD COMPANY LIMITED BY GUARANTEE Notes to the Finaneial Statements For the ear ended 31st Au ust 2024 (i) ACCOUNTING POLICIES Basis of Accounts The financial statements have been prepared in accordance wilh Accounting Reporting by Charities". Statement of Recommended Practice applicable to charities preparing their accounts with the Financial Reporting Standards applicable in the UK and the Republic of Ireland (FRS 102), the Charities Act 201 l and applicable regulations. Incomin Resources Incoming resources are recognised in the statement of financial activities when entitlement has passed to the charity and the amounts are certain and measurable. Any incoming rcsources received that relate exclusively to future periods are defcrred on the Balance Sheet. Resources Ex ended Expenditure is recognised in the statement of financial activities when a liability is incurred or increased without a commensurate increase in recognised assets or a reduction in liabilities. Allocation of Costs Direct Activity Costs comprise those costs that contribute directly to an activity and are allocated to ihe relevant activity. Support Costs comprise those costs that are necessary to deliver an activity but in themselves do not producc or deliver an activity. Governance Costs are those costs incurred to meet statutory and constitutional requirements. Funds (a) Unrestricted funds, 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 pury)oses declared by the donors, are CTedited to the Income and Expenditure account when received and debited to the same account when paid. (c) Designated funds represent funds set aside by the Management Committee for specific purposes.
Company No.: 7745606 CAMBRIDGE SIKH SOCIETY LTD COMPANY LIMITED BY GUARANTEE Notes to the Financial Statements (continued) For the ear ended 31st Au ust 2024 ACCOUNTING POLICIES continued Liabili Reco nition Liabilities aTe recognised as soon as there is a legal or constructive obligation committing the charity to pay out resources. Mana ement Costs Management costs include th¢ goveniance costs of the charity, these being the costs of the preparation and audit of the statutory 2ccounts (incjuding independent examination), the costs of trustee's meetings and the costs of any legal advice to trustees on governance or constitutional matters. reciation The rates of depreciation used io write off the cost of iangible fixed assets over their expected useful Iiv¢s ar¢: Building Improvements Fixture & Fittings and Equipment 2 % per aiinuni of c051s 250/n per annum of costs No depreciation has been allowed on Buildingis in the year 2024. Building Improvements are depreciated at the rate of 20/0 pe. aiinum. (2) DONATIONS 2024 Total Funds Unrestricted Funds Restricted Funds Donations 31.011 31,011 10
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 2024 (3) TOTAL RESOURCES EXPENDED Unrestricted Funds 2024 Total 2023 Total Basis of Allocation Costs directl allocated to Activities Accountancy fees Direct PostagerrelephondAdvertising Direci Functions & Donations Direct Professional Fees Direct ort Costs allocated to activfities Premises Insurance Motorrrravel Kitchen Expenses Repairs & Renewals Mortgage Interesl Depreciation 1,025 1,263 10,985 1.025 1,263 10,985 950 138 8,121 540 Floor Area Usage Usage Usage Usage Transactions Usage 12.529 800 2,710 4,285 2.602 4,211 1.581 12,529 800 2,710 4,285 2,602 4,21] 1,581 11,771 777 1,699 2.975 756 3.578 1,184 Total resources expended 41,991 41,991 32,489 Net Incoming Resources for the year This is stated after charging: 2024 2023 Accountants, remuneration Depreciation 1,025 1.581 950 1,581
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 2024 (4) TAIYGIBLE FIXED ASSETS Land & Buildin ui rovements ment Total COST Additions 281,485 41,552 16,520 6,304 820 329,341 17340 At 31st August 2024 281485 7,124 346,681 Blfwd Charge for the year 7630 1,009 4,834 572 12,464 At 31st August 2024 8,639 5.406 14,045 NET BOOK VALUE At 31st August 2024 281.485 49433 1,718 332,636 Buildings for the charity are valued at cost as they are treated as charitable assets and not iiivestment assel. (S) STAFF NUMBERS AND COSTS 2024 2023 The charity had eniployees (6) TRUSTEE REMUNERATION & RELATED PARTY TRANSACTIONS No trustee or other person related to the charity received any remuneration during the year. No trustee or other person related to the charity had any personal interest in any contract or transaction entered by the charity during the year. 12
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 2024 (7) TAXATION As a charity, Cambridge Sikh Society Ltd is exempt from tax on income and gains falling within Section 505 of the Taxes Act 1988 or s.256 of the Taxation of Chargeable Gains Act l 992 to the extent that these are applied to its charitable objects. No tax charges have arisen in the Charity. (8) CREDITORS . Amounts fallin due within one ear 2024 2023 Accruals 1,027 1,877 1,027 (9) CREDITORS . Amounts fallin due after one ear Loan 49.470 53,788 49,470 53,788 A security is held over the mortgage by way of a charge over the freehold land and buildings. (10) DEBTORS AND PREPAYMENTS 3110812024 3110812023 Debtors - Gift Aid reclaim 2,777 8,067 13
Company No.: 7745606 Cambrid e Sikh Soclet Ltd Com an Limited B Guarantee Notes to the Financial Statements for the ear ended 31st Au ust 2024 (II) ANALYSIS OF NET ASSETS BETWEEN FUNDS 2024 2023 General Funds Restricted Funds Total Funds Total Funds Tangible fixed assets Debtors 332,636 2.777 332,636 2,777 316,876 8,067 Cash at Bank/Hand Long-tern) Liabilities Current Liabilities 15,025 {49.470) (1,027) 15,025 (49.470) (1,027) 23,728 (53,788) (1,877) Net assets at 31 st August 2024 299,941 299,941 293,006 (12) COMPANY LIMITED BY GUARANTEE The Cambridge Sikh Society Ltd is a company limited by guarantee and does not have a share capital under the provisions of section 30 of the Companies Act 2006. .Financial statenients are required to be filed annually with the Registrar of Companies. 14