**REGISTERED CHARITY NUMBER: 1179154**
## **REPORT OF THE TRUSTEES AND**
**UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023**
## **FOR**
**SHRI GURU RAVIDASS DHARMIK SABHA (WOLVERHAMPTON)**
E R Grove & Co Limited Grove House Coombs Wood Court Steel Park Road Halesowen West Midlands B62 8BF
## **SHRI GURU RAVIDASS DHARMIK SABHA (WOLVERHAMPTON)**
## **CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023**
|||**Page**||
|---|---|---|---|
|**Report of the Trustees**|1|to|2|
|**Independent Examiner's Report**||3||
|**Statement of Financial Activities**||4||
|**Balance Sheet**||5||
|**Notes to the Financial Statements**|6|to|9|
|**Detailed Statement of Financial Activities**|10|to|11|
## **SHRI GURU RAVIDASS DHARMIK SABHA (WOLVERHAMPTON)**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2023**
The trustees present their report with the financial statements of the charity for the year ended 30 June 2023. 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).
Shri Guru Ravidass Dharmik Sabha (Wolverhampton) was founded in 1963 and is the longest-established temple serving the UK's Ravidassia/Ad-Dharmi Community.
## **OBJECTIVES AND ACTIVITIES**
## **Objectives and aims**
To advance the Ravidassia religion in accordance with the teachings and principles of Shri Guru Ravidass without restriction as to any particular mode of worship and for that purpose to provide and maintain a temple for worship.
## **Significant activities**
To organise regular prayer and religious congregations in the temple and to organise numerous funeral prayers, birthday functions and community gatherings.
## **Public benefit**
To advance for the benefit of the community in and around the City of Wolverhampton, Dudley and Tipton, the religious, spiritual and philosophical values and principles and social teachings of Shri Guru Ravidass Ji.
To provide members of the Sabha, and members of the wider community who may be in need the following facilities, services and benefits:
1. food and nourishment (Langar) free of charge, and other forms of relief of poverty;
2. social and/or community facilities, free of charge or at low cost;
3. mother tongue teaching, free of charge or at low cost;
4. spaces, facilities and services to meet the needs of the elderly, the young, parents and infants, those with disabilities and those in need of language and cultural skills, literacy, numeracy and cultural skills; and
5. to provide health wellbeing and sports and fitness pursuits and activities for the general benefit of the community.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing document**
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
## **REFERENCE AND ADMINISTRATIVE DETAILS**
## **Registered Charity number**
1179154
## **Principal address**
181 Dudley Road Wolverhampton West Midlands WV2 3DR
## **Trustees**
Mr N Mahay Chair Mr H Randhawa President Mr B R Mahay General Secretary Mr N Ram Treasurer Mr B Kalair Trustee Mr M Ram Trustee Mr M Paul Trustee Mr J Chand Trustee Mr J L Mandher Trustee Mr P Lal Trustee Mr S K Saroy Trustee Mr S Ram Trustee Mr J L Ahir Trustee Mr H Jakhu Trustee Mr N C Jassal Trustee (deceased 27.3.23) Mr R P Hira Trustee Mr H Ram Mr R Kumar
Page 1
## **SHRI GURU RAVIDASS DHARMIK SABHA (WOLVERHAMPTON)**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2023**
## **REFERENCE AND ADMINISTRATIVE DETAILS**
## **Independent Examiner**
E R Grove & Co Limited Grove House Coombs Wood Court Steel Park Road Halesowen West Midlands B62 8BF
## **COMMENCEMENT OF ACTIVITIES**
On 10 July 2018 the assets and liabilities were transferred from a previously unincorporated and unregistered temple.
Approved by order of the board of trustees on 22 January 2024 and signed on its behalf by:
Mr N Ram - Trustee
Page 2
## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF SHRI GURU RAVIDASS DHARMIK SABHA (WOLVERHAMPTON)**
## **Independent examiner's report to the trustees of Shri Guru Ravidass Dharmik Sabha (Wolverhampton)**
I report to the charity trustees on my examination of the accounts of Shri Guru Ravidass Dharmik Sabha (Wolverhampton) (the Trust) for the year ended 30 June 2023.
## **Responsibilities and basis of report**
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.
## **Independent examiner's statement**
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
1. accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.
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.
Steven Lomas
E R Grove & Co Limited Grove House Coombs Wood Court Steel Park Road Halesowen West Midlands B62 8BF
22 January 2024
Page 3
## **SHRI GURU RAVIDASS DHARMIK SABHA (WOLVERHAMPTON)**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 JUNE 2023**
|2023
Unrestricted
fund
Notes
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
164,689
Investment income
2
34,345
**Total**
199,034
**EXPENDITURE ON**
Raising funds
18,189
Other
166,569
**Total**
184,758
**NET INCOME**
14,276
**RECONCILIATION OF FUNDS**
Total funds brought forward
634,639
**TOTAL FUNDS CARRIED FORWARD**
648,915|2022
Total
funds
£
148,991
40,038|
|---|---|
||189,029|
||16,850
139,355|
||156,205|
||32,824
601,815|
||634,639|
The notes form part of these financial statements
Page 4
## **SHRI GURU RAVIDASS DHARMIK SABHA (WOLVERHAMPTON)**
## **BALANCE SHEET 30 JUNE 2023**
|Notes
**FIXED ASSETS**
Tangible assets
5
**CURRENT ASSETS**
Debtors
6
Cash at bank and in hand
**CREDITORS**
Amounts falling due within one year
7
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS CURRENT LIABILITIES**
**NET ASSETS**
**FUNDS**
8
Unrestricted funds
**TOTAL FUNDS**|2023
Unrestricted
fund
£
575,571
15,000
71,173
86,173
(12,829)
73,344
648,915
648,915
648,915
648,915|2022
Total
funds
£
568,020
15,000
64,240
79,240
(12,621)
66,619
634,639
634,639
634,639
634,639|
|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 22 January 2024 and were signed on its behalf by:
Mr H Randhawa - Trustee
Mr N Ram - Trustee
Mr B R Mahay - Trustee
The notes form part of these financial statements
Page 5
## **SHRI GURU RAVIDASS DHARMIK SABHA (WOLVERHAMPTON)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023**
## **1. ACCOUNTING POLICIES**
## **Basis of preparing the financial statements**
The financial statements of the charity, 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 Charities Act 2011. The financial statements have been prepared under the historical cost convention.
## **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.
|Freehold property|- 1% on cost|
|---|---|
|Plant and machinery|- 10% on reducing balance|
|Fixtures and fittings|- 20% on reducing balance|
|Motor vehicles|- 25% on reducing balance|
## **Taxation**
The charity is exempt from 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.
## **Pension costs and other post-retirement benefits**
The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
## **2. INVESTMENT INCOME**
|Rents received
Deposit account interest|2023
£
34,182
163
34,345|2022
£
40,035
3|
|---|---|---|
|||40,038|
Page 6
continued...
## **SHRI GURU RAVIDASS DHARMIK SABHA (WOLVERHAMPTON)**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2023**
## **3. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 30 June 2023 nor for the year ended 30 June 2022.
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 30 June 2023 nor for the year ended 30 June 2022.
## **4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
||Unrestricted|
|---|---|
||fund|
||£|
|**INCOME AND ENDOWMENTS FROM**||
|Donations and legacies|148,991|
|Investment income|40,038|
|**Total**|189,029|
|**EXPENDITURE ON**||
|Raising funds|16,850|
|Other|139,355|
|**Total**|156,205|
|**NET INCOME**|32,824|
|**RECONCILIATION OF FUNDS**||
|Total funds brought forward|601,815|
|**TOTAL FUNDS CARRIED FORWARD**|634,639|
## **5. TANGIBLE FIXED ASSETS**
|**COST**
At 1 July 2022
Additions
At 30 June 2023
**DEPRECIATION**
At 1 July 2022
Charge for year
At 30 June 2023
**NET BOOK VALUE**
At 30 June 2023
At 30 June 2022|Freehold
Plant and
property
machinery
£
£
635,155
25,905
15,596
-
650,751
25,905
88,532
7,998
5,555
1,791
94,087
9,789
556,664
16,116
546,623
17,907|Fixtures
and
fittings
£
8,474
-
8,474
5,003
694
5,697
2,777
3,471|Motor
vehicles
£
61
-
61
42
5
47
14
19|Totals
£
669,595
15,596|
|---|---|---|---|---|
|||||685,191|
|||||101,575
8,045|
|||||109,620|
|||||575,571|
|||||568,020|
Page 7
continued...
## **SHRI GURU RAVIDASS DHARMIK SABHA (WOLVERHAMPTON)**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2023**
|**6.**|**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**||||
|---|---|---|---|---|
||||2023|2022|
||||£|£|
||Other debtors||15,000|15,000|
|**7.**|**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**||||
||||2023|2022|
||||£|£|
||Other creditors||12,829|12,621|
|**8.**|**MOVEMENT IN FUNDS**||||
||||Net||
||||movement|At|
|||At 1.7.22|in funds|30.6.23|
|||£|£|£|
||**Unrestricted funds**||||
||General fund|634,639|14,276|648,915|
||**TOTAL FUNDS**|634,639|14,276|648,915|
||Net movement in funds, included in the above are as follows:||||
|||Incoming|Resources|Movement|
|||resources|expended|in funds|
|||£|£|£|
||**Unrestricted funds**||||
||General fund|199,034|(184,758)|14,276|
||**TOTAL FUNDS**|199,034|(184,758)|14,276|
||**Comparatives for movement in funds**||||
||||Net||
||||movement|At|
|||At 1.7.21|in funds|30.6.22|
|||£|£|£|
||**Unrestricted funds**||||
||General fund|601,815|32,824|634,639|
||**TOTAL FUNDS**|601,815|32,824|634,639|
||Comparative net movement in funds, included in the above are as follows:||||
|||Incoming|Resources|Movement|
|||resources|expended|in funds|
|||£|£|£|
||**Unrestricted funds**||||
||General fund|189,029|(156,205)|32,824|
||**TOTAL FUNDS**|189,029|(156,205)|32,824|
The £20,420 losses above represent historic loans that the charity has been unable to recover. None of the loans have been made to the charities trustees.
Page 8
continued...
## **SHRI GURU RAVIDASS DHARMIK SABHA (WOLVERHAMPTON)**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2023**
## **9. RELATED PARTY DISCLOSURES**
There were no related party transactions for the year ended 30 June 2023.
Page 9
## **SHRI GURU RAVIDASS DHARMIK SABHA (WOLVERHAMPTON)**
## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 JUNE 2023**
|**INCOME AND ENDOWMENTS**
**Donations and legacies**
Donations
Marriage registrar fees
Sundry income
**Investment income**
Rents received
Deposit account interest
**Total incoming resources**
**EXPENDITURE**
**Other trading activities**
Food and other consumables
**Other**
Donations paid
**Support costs**
**Management**
Wages
Social security
Pensions
Rates and water
Insurance
Light and heat
Telephone
Postage and stationery
Advertising
Household and cleaning
Repairs and renewals
Security
Temporary temple workers
**Depreciation**
Freehold property
Plant and machinery
Fixtures and fittings
Motor vehicles
**Governance costs**
Auditors' remuneration
Legal fees|2023
£
157,363
1,890
5,436
164,689
34,182
163
34,345
199,034
18,189
6,002
3,463
69
23
18,446
4,671
47,309
3,052
279
2,135
1,570
14,820
7,413
44,531
147,781
5,554
1,791
694
5
8,044
2,540
2,202
4,742|2022
£
140,769
2,350
5,872|
|---|---|---|
|||148,991
40,035
3|
|||40,038|
|||189,029
16,850
1,693
9,707
235
110
15,214
4,255
50,401
2,814
1,127
2,900
1,512
11,537
6,985
16,580|
|||123,377
5,398
1,990
868
6|
|||8,262
2,968
3,055|
|||6,023|
This page does not form part of the statutory financial statements
Page 10
## **SHRI GURU RAVIDASS DHARMIK SABHA (WOLVERHAMPTON)**
## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 JUNE 2023**
|**DETAILED STATEMENT OF FINANCIAL ACTIVITIES**
**FOR THE YEAR ENDED 30 JUNE 2023**|||
|---|---|---|
|Total resources expended
**Net income**|2023
£
184,758
14,276|2022
£|
|||156,205|
|||32,824|
This page does not form part of the statutory financial statements
Page 11