REGISTERED CHARITY f4UMBER: 1198168 REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE PERIOD 1ST OCTOBER 2023 TO 31ST JULY 21124 SHRI GUR RAVIDASS TEMPLE FOLESHILL R Pau & Co Limited Chartered Certified A¢¢ountants 12-16 Station Street East CoY¢ntry West Midlands CV6 5FJ
SHRI GURU RAVIDASS TEMPLE FOLESHILL CONTENTS OF THE FINANCIAL STATEMENTS RTHEPE OD 1ST ocfoBER 20 TO LY 2024 Page Report of the Trustees Ind¢pend¢Dt Exatniner's R¢port ststemeDt of Financial Aetivltles Bglance Sheet Note5 to the Financijl Statement$ 10 12 Detailed Statement of Financial A¢tlvitie9 13 to 14
SHRI GURU RAVIDASS TEMPLE FOLESHILL REPORT OF THE TRUSTEES FOR THE PERIOD 1ST OCTOBER 2023 TO 31ST JULY 2024 Th¢ inist¢es present their r¢port with the financial statements of the charity for the period Isi October 2023 to 3151 July 2024. The trustees have adoptrd ihe provisions of Accounting and Reporting by Ch&rities-. Statemcni of Recommended PrdGtice applicable to charilies preparing their accounis in accordance with the Financial Reporting Siandard appli¢able in the UK and Republic of Ireland (FRS 102) (effective l January 2019). OBJECTIVES AND AcfivITIES Objectlves and alms The objectives detail¢d in the governing document are.. l. The advancement of Religion according to the tcachings of shri Guru Ravidass 2. Promote Ravidassia faith by providing a place of worship 3. Promote Ravida55ia faith by educating people in the teachings ofshri Guru Ravidass 4. Helping those in need through poverty sickness. Public benefit The management CODunittee and the ttvstees have considered the Charity Commission's guidance on public benefii and, in particular. the specific guidance given on charities and the advancem1 of religion. The work of th¢ temple gives rise io public benefit by enabling ordinary people io liv¢ out their faith as part of the con)munity through.. (&) The Maintenan of a place of worship with the servi¢¢s of a religious WOTker who is tssked io serve and meet the spiritual and r¢ligiou5 n¢¢ds of devo¢ees. Ib) The provision of resources foT the teaching of the principles of Shri Gun] Ravidass Ji. (c) The provision of care and advice for the congregation and lo] people. (d) The provision of langar, a wmmunity kitchen providing fr¢¢ meals to the wngr¢gation and local people. Voluntsers The Charity required approximately 15.910 hours of volunteer's effort5 ill the year to carry out ils obligations particUllY in the bre of maintenance, preparation and rnanag¢ment of festivals. events, catering and admini5trdlion. It is ditTicult to attribute an economic value to this contribution that the voluntrers make of their time but it is crucial to the basic funclion of the Charity. Th¢ committee ensures that best value is derived from the efforts of the volunteers. Page I
SHRI GURU IL4VIDASS TEMPLE OLESHILL REPORT OF THE TRUSTEES FOR THE PERIOI) 1ST OCTOBF.R 2023 TO 31ST JULY 2024 ACHIEVEMENT AND PERFORMANCE Cbaritable activities The obj¢ctives detailed in th¢ governing ducument were achieved in this year as follows.. (a) The advanc¢rnent of Religion according to the leachings of s1 Guru Ravidass The tharity provided religious sl¢eS ai the temple (b) Promtste Ravidassia faith by providing a place of WOTship The charity managed and maintain¢d the teJnple. (¢) Promote Ravida5sia fasth by educating p¢ople in the teachings of Shri Guru Ravidass Liieratur¢ and materhals in l)oth English and Punjabi are made available to the congregation and local peopl¢. (d) Helping those in need through poverty and sickness This objectiv¢ wa5 achieved by the provision of Langar? (meals aDd refreshment). each day for the congregation and oihers. Issues ouistsnding at the start of the year: l. B¢gin the process of recording and clatming gift aid. 2. Carry out refurbishment work in the dining area. 3. Make arrangements for a second religious worker to ¢ome to the temple. 4. Improve the them)al efficieDQ of the building. 5. Look into obtaining off site parking for the temple. Mait¢rs arising during the year.. l. Processes have been put in place to generate the documentation ne¢essory to make the first gift aid claim in th¢ ture. 2. Rcthrbishment of the dining area has been put on hold. 3. The existing religiou5 worker will be leaving soon and two appli¢ations for a replacement have been made. 4. Several ev¢nts and nCtIonS w¢r¢ caled out attendances hav¢ been good. In particular the Ravidass birthday ¢vcnt was the highest att¢ndan¢¢ we have ever achieved 5. We continu¢ to cany out work on improving the the8] efficiency of the templ¢. 6. Actively looking for off site parking is no longer a priority but should an opporNnity arise the ¢ommittee will consider ihe matter. 7. The committee have altcyed the accouT)ting year end to 3 1st July so thai more Cuent figu will be availabl¢ at annual general m¢eting5 in future. For the fiLNre the following issues need to be addressed.. l. Begin the proce of ¢laiming gift aid. 2. Make arrangements for a second religious worker to corne to the templ¢. Page 2
SHR[ GURU RAVIDASS TEMPLE FOLESHILL REPORT OF THE TRUSTEES FOR THE PERIOD 1ST OCTOBF.R 2023 TO 31ST JULY 2024 FINANCIAL REVIEW Reserv¢s poli¢y Over and above any Restric¢cd Funds. it is the policy of the charity to maintain unrestricted r¢serv¢s not ¢ommitted or investd in tangible as5elS, which are th¢ free r¢serves of the chariry, at a level, which equates w approximately three y¢ars unrestylcted expenditure. This should prtsvide sutricieni fvnds to covcr operational costs orth¢ current activities of the charity in the ev¢nt of a significant decline in donations income. Tho period would then giv¢ suificient time to eonsider how th¢ funding would be replaced or the activities chang¢d. In addition, the unrestrict¢d reseTves also need to be available io fund future work anticipated on the Mple and any other planrted capital exp¢ndsture Should the charity be required to do so within a short time scale. Th¢ target levels for frce reserves have ther¢fore not been arhieved. For the foreseeable future, net incoming r¢sources will be accumulated. subject to the capital expenditure planned. until the tsrget levels are achieved. STRUCTURE, GOVERNANCE AND MANAGEMENr Governing doeurntnt The ¢harity is controlled by its governing document, a deed of mist and nStItUteS an unincorp)rnied charity. The chaxity is 8ovem¢d under the Tules laid down in its constitution adopted on 18th De¢¢mber 2021. Organlzational structure The Executive Committee members ar¢ ¢lecd by members using a democratic electoral system and Serve a term of two years. N¢w tSte¢S do not receive fomial training but are guided in their duties by the exi51ing trustees. The Executive Committ¢e, (Chariry Tn]stees), may me¢t regularly. (and ad hoc wh¢n required), to consider ihe proper nnning of the uu51 and its activilies. There are time limited sub-committees which deal with specific issues and matt¢rs directed by the ExeGutsve Committee. Those SUgrOupS r¢port to the Executive Committee, which then considers their recommendations. The four Honorary Trust¢es are appoinied by the members we r¢5ponsible for maintaining continuity in the event of action(s)lev¢nt{s) which would rend¢r the trustees position(s) untenable. They meet the ¢xecutive committee of the charity when necessary. REFERENCE AND ADMINISTRATIVE DETAIIS Registered Charity number 1198168 Prlncipal addresg 475 Fole5hill Road Coventry CV6 5AQ Page 3
SHRI GURU RAVIDASS TEMPLE FOLESHILL REPORT OF THE TRUS Rl BER TO TJUL Trllstecs Honorary Ttwtees Mr Raj Kumar Mr Hans Raj Mr Rajhans Kalair Mr Ram¢sh Salhan Executive Committee President Vice President G¢neral Secretary Assistant Gencral Secretary Treasurer Assistant Treasurer Siag¢ Secretary Assistani Stsge Secr¢tary Member mernr M¢mber Member Mrs Anita Puri Mr Hari Paul Mehmi Mr Gur¥haran Paul Rabida5 Mr Harvinder Parshad Mr Gurjind¢r Singh Mr Ajit Pshad Mr Joshi Ram Mr Shivdayal Lochab Mr Desraj Sandi Mr Deshraj Kelay DrMLal Baldev Kumar appoinied January 2024 appointed January 2024 appointed January 2024 appointed January 2024 appointed January 2024 appointed January 2024 appointcd January 2024 appoinled January 2024 appointed January 2024 appOind Sanuary 2024 appointed January 2024 appoint January 2024 Independent Examiner R Pau & Co Limited Chartered Certified A¢¢ountants 12-16 Ststion Street East Covcntry West Midlands CV6 5FJ Approved by order of lh¢ board of trustees on 13th Jjnuary 2025 and Signed i)n its behalf by.. Mr R Kumar- Tnle¢ Page 4
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF SHRI GURU IL4VIDASS TEMPLE FOLESHILL IndtpendeDt examiner's report to the trustees of Shri Guru Ravld855 Templ¢ {Foleshill) I report to ihe charity irustees on my exatnitiation of the a¢unt& of Shri Guru Ravidass Temple (Foleshill) (the Trust) for the rKriod 1st October 2023 to 315t July 2024. Responsibilltles basis of report As the charity tnBiees of ¢h¢ Trust you are responsible for ihe preparation of the accounts in accordance with the requirements of the Charities Act 2011 {Ihe Act,). I report in respect of my examinauon of the TnJsVs wcounts Carried out under stiOn 145 of the Act and in carying out Tny examination I have followed all applicable Directions given by the Charity Comrnission und¢r Section 145(5){b) of the Aci. Independent examiner's stgtement I hav¢ completed my examination. I confirn] that no material matters have come to my attention in connection with th¢ exatnination giving me cause ro believe that in any malerial Tesp¢ct'. aOUntIng re¢ords were not kept in respect of the Trust required by Sc¢lion 130 of the Act. or the Unts do not accord with those records. or the accounts do not comply with the appli¢able requirements concerning the forni And content of accounts sei out in ihe Chariti¢5 (Accounts and R¢p)rts) Regulations 2008 other than any requirement that the accounts give a tNe and fair view whi¢h is not a matter ¢onsider¢d as part of an indep¢Ddet)t examination. I hav¢ no coTrc¢rttq and have come a¢ross no other matters in connection with the examination to which attention should be drnwn in this r¢port in ord¢r to enable a proper understanding of the accounts io be rea¢hed. R Pau & Co Lirnited Chartered Certified Accountants 12-16 Ststion Street East Coventry West Midlands CV6 5FJ 13th January 2025 Page 5
SHRI GURU RAVIDASS TEMPLE FOLESHILL srATEMENT OF FINANCIAL ACTIVITIES FOR TH PERIOD 1ST BEK 2023 TO 31ST JULY 2024 Period Iiior23 Year Ended 3019123 Total funds 3117124 Unrestricted fund Notes INCOME AND ENDOWMENTS FROM Donations and legacies 72,810 61.779 Investmeni income 59,485 63,671 TotAI 132,295 125.450 EXPENDITURE ON Raising fimds 57.686 88.720 Other 15,346 7,547 Totsl 73.032 96,267 NET INCOME 59,263 29,183 RECONCILIATION OF FUNDS Total fimds brought forward 957,307 8.124 TOTAL FUNDS CARRIED FORWARD 1.016.570 957,307 The notes forni part of these Fancial statements Pag¢ 6
SHRI GURU RAVID SS TEMPLE FOLESHILL BALANCE SHEFT 31ST JULY 2024 2024 Unrestri¢red fund 2023 Total funds Notes FIXED ASSETS Tangible ass¢ts 306,960 310,257 CURRENT ASSETS Debtors Cash at bank and in hand 4.051 708,608 649,954 712,659 649,954 CREDITORS Amounts falling due within one yeor (3,049) (2,904) NET CURRENT ASSETS 709,610 647,050 TOTAL ASSETS LESS CURREIYT LIABILITIF.S 1.016,570 957,307 NET A&8ETS 1.016,570 957,307 FUNDS Unrestricted funds 10 ,016,570 957,307 TOTAL FUNDS 1,016,570 957.307 The fmancial statenntS were approved by th¢ Board of Trustees and authorised for issue on 13th January 2025 and were signed on its behalf by: Mr R Kutnar- Trustec fvtr H Raj . Tntstee The notes forni part of these financial statements Page 7
SHRI GURU RAVIDASS TEMPLE OLESHILL NOTES TO THE FIf4ANCIAL STATEMEIYTS FOR THE PEIUOD 1ST OCTOBER 2023 TO JIST JULY 2024 ACCOUNTING POLICIES Basis of pr¢paring the financial 5tstements Th¢ financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordaD¢e with the Charities SORP (FRS 102) 'AQuAting and R¢porting by Charities.. Statement of Recommended PraGtice applicable to charities pr¢paring their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) (effcctive l January 2019),, Financial Reporting Standard 102 The Financial Reporting Standard applicabl¢ in thc UK and Republic of Ir¢land' and the Charities Act 2011. The financial siatements have been prepared under the historical cost convention. lThcome All income is recognised in the Statement of Financial Activities once th¢ charity has eniitlement to th¢ nds. it is probable thai the income will be receiv and the amount Can be measur¢d reliably. Expenditure Liabilities are ruognised as expendittwe as 500n as there is a legal or Constructive obligation ¢ornmitting the charity io that expenditure, it is probable th a transfer of economic benefit5 will be required in setLlem¢nt and the amowit of th¢ obligation can b¢ rne¢ured reliably. F.xpenditUTe is a¢¢ount¢d for on an a¢ual5 basis and ha5 been classified under headiDg5 ihat aggregate all cost rel¢d to the category. Where costs C14nnoi be directly attributed to particular heading5 they have b¢en allocated to activities on a basis consistent with the use of resources. Tangible fixed assets Depreciation 15 provided at the following annual re$ in order to write off each a55¢t over its estitnatcd useful life. Plant artd ma¢hinery Computer equipm¢5]t 1 SYO reducing balance 33 % on cost Taxation The charity is exempt from lax on its charitable activities. Fund accounting Unrestricted funds can be used ill accordance with the charitable objeclives at the di5¢retion of tb¢ trustees. Restrided funds can only be used for particular rcstricted purposes within th¢ objects of the chariry. Restrictions arise when specified by the donor or when funds are raised for particular re51ricted purposes. Furth¢r explanation of the natyre and purpose ofeach fvnd is included in the notes to the financial stat¢ments. DONATIONS AND LEGACIES Period 1110123 Year Ended 3019123 31nn4 Temple revenue Giftaid Interest receiv¢d 56,452 4.051 12.307 56.631 5,148 72,810 61,779 Pag¢ 8 continued..-
SHRI GURU RAVIDASS TEMPLE FOLESHILL NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE P OD 1ST OCTOBER 2 1ST JULY 2024 INVESTMENT INCOME Period 1110123 to 3117124 Year Ended 3019123 Rents received Recharges and other income 46,913 12.572 55,000 8,671 59,485 63,671 TRUSTEES, REMUNERATION AND BENEFITS There were no tNst¢es' reTuuneration or other b¢nefits for th¢ period ended 3 1st July 2024 nor for th¢ year ended 30th September 2023. Trustees. expetts There were no tySt¢¢s' exp¢nses paid for the p¢riod end¢d 31st July 2024 nor for th¢ year ended 3(hh September 2023. COMPAEL4TIVES FOR THE STATEMENT OF FIf4ANCIAL ACTIVITIES UnrestriCte41 nd INCOME AND ENDOWMENTS FROM Donations and legacies 61,779 63.671 Investment income 125.450 Tot¥1 EXPENDITURE ON Raising ndS 88,720 7.547 Other 96,267 Total 29,183 NET INCOME RECONCILIATION OF FUNDS Total funds brought forward 928.124 TOTAL FUNDS CARRIED FORWARD 957,307 Pe9 continued...
SHRI GURU RAVIDASS TEMPLE FOLESHILL NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE PERI DIST BER 2023 TO 31ST JULY 2024 TANGIBLE FIXED ASSETS Improvcments to properry Freehold property Plant and rna¢hinery Computer equipment Totals COST At 1st October 2023 and 3 1st July 2024 185.000 106,739 43,050 2,226 337,015 DEPRECIATION At 1st O¢wber 2023 Charge for year 26,016 2.555 742 742 26.758 3,297 At 315t July 2024 28,571 1,484 30.055 NET BOOK VALUE At 31st July 2024 185,000 106.739 14,479 742 306.960 At 30th September 2023 185,000 106,739 17,034 1,484 310,257 DEBTORS: AMOUNTS FALLING DUE AYfER MORE THAN ONE YEAR 2024 2023 Gift aid 4.051 CASH AT BANK AND IN HAND 2024 Total funds 2023 Total funds Cash in hand HSBC bank account XXXX421 HSBC bank account XXXX234 Ba[ayS baDk account XXXX689 HSBC Bank Account XXXX985 HSBC Money Markef XXXXXX 4,607 136,653 2,053 112,232 29205 423,858 7,250 96.952 413.604 116,875 15,273 Total 708,608 649,954 Page 10 continu¢d...
SHRI GURU RAVll)ASS TEMPLE LESHILL NOTES TO THE FINANCIAL STATEMENTS - continued ORTH PERI BER 2023 TO 1ST LY CREDITORS: AMOUNTS FALLIP4G DUE WITHIN of4E YEAR 2024 2023 Other Creditors 3,049 2,904 MOVEMENT IN FUNDS At 1110123 movement in funds At 3117124 Unrestrict¢d funds Gener&1 fund 957,307 59,263 1.016.570 TOTAL FUNDS 957,307 59,263 1,016,570 Nei movement in ftmds, In¢lded in the above &$ follows: Incoming r¢sourc¢s Resources expended Movement in fund5 Unrestricted fund$ General fund 132,295 (73,032) 59,263 TOTAL FUNDS 132,295 (73,032) 59,263 CompArntives for movement In funds Nel movement in funds At Iiior22 A¢ 3019123 Unrestricted funds GeD¢ral fund 928.124 29,183 957 J07 TOTAL FUPIDS 928,124 29,183 957.307 Comparaiive nei movement in funds, included in the above are as follows.. Incoming r¢source$ Resources expended Movement in funds Unrestrieted fllnds General fund 125,450 (96267) 29.183 TOTAL FUNDS 125.450 (96,267) 29,183 Page 11 continued...
SHRI GiiRU RAVIDASS TEMPLE OLESHILL NOTESTO THE FIN 1ST NCI TOB STATEMENTS- con 202 inued LY 24 RELATED PARTY DISCLOSURES Ther¢ w¢re no related paty transactions for thc period end¢d 3151 July 2024. P8ge 12
SHRI GURU RAVIDASS TEMPLE DET AILED STATEMEPtr OF FINANCIAL ACTIVITtES RTHEP OD 1ST OCTOBER 2 23T Is JULY 2024 FOLESHILL P¢Tiod 1110123 Year F.n 3019123 ded 3117124 INCOME AND ENDOWMENTS DoDYltions #nd legacies T¢mple revenue Gift aid Interest received 56,452 4,051 12.307 56,631 5,148 72,810 61,779 Investment income R¢nts received Re¢harg¢s and other income 46,913 12.572 55,000 ,671 59,485 63,671 125,450 Totsl Ineoming re50urees 132,295 EXPENDITURE Other tr4dirtg activities Subcontractors 2,837 ,492 Other Groceries 12,049 7,547 Support Costs Finance Gross wages and national insurance Rates and wa Insurance Light and heat Telephone and postage Sundries Bank charges 5,003 4,642 4,816 25,111 2,149 6,061 250 14,722 1263 4.039 24,328 1,022 5,545 218 48,032 51,137 InforJDJtion technology Trawel Adverting Accountancy Professional fees Carried forward 386 150 3,048 867 4,451 1,303 100 2,904 8,335 12,642 This page does not fom) part of the statutory financial statcments Pag¢ 13
SHRI GURU RAVIDASS TEMPLE FOLESHILL DETAILED ST ATEMENT OF FINANCIAL ACTIVITIES FOR THE PERIOD 1ST OCTOBER 2023 TO 31ST JULY 2024 Period 1110123 to YeAr En 3117f24 3019123 Inforrngtion teehnology Broughi forward R¢pair5 and renewals 4,451 2,366 12,642 19.701 6.817 32,343 Other Plant and machinery Computer equipment 2,5SS 742 3,006 742 3,297 3.748 Total resources expend¢d 73.032 96,267 Net income 59.263 29.183 This page do¢s not forni part of thc statutory financial statements Page 14