Registered Charity Number- 263297 Ram8arhla Slkh Gurdwara East London Trustees, Annual Report and Flnanclal Statements For the year ended 28 February 2024
Ramgarhia Sikh Gurdwara East London Contents of the Trusteerf Annual Report and Audited Flnanclal Statements for the Year ended 28 February 2024 Page Report of the TNstees Report of the Independent Auditors 8-10 Stat•m•nt of Financial Artlvltles li Balance Sheet 12 Notes to the Flnan¢lal Statements 13-17 The followln8 Is not part of statutory accounts Detall¢d Income and ExpendSture A¢Unt For the ye•r ended 28 Februory 2024 18
Ramgarhla Sikh Gurdwara East London Report of the Trustee5 for the year ended 28 February 2024 The trustees present their annual report and audited financial statements for the year ended 28 February 2024. The tru5tee5 have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their account5 in accordance wlth the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS1021 leffective l January 20191. Reference and Adrnlnlstrative Informatlon Charity Name Ramgarhia Sikh Gurdwara East London Charlty Registration Number 263297 Worship Registration Number 40163 Marriage Reference Number 76171 Princlpal address 10-16 Neville Road, Forest Gate. London E7 9QX Present- from 13 July 2025 Prevlous Property Holding Trustees,. Gurdev Singh Chana Gurdev Singh Chana Jasblr Singh Rooprai Surlit Singh Bharji Pawinder Singh Sabharwal Ma8har Singh Hunjan Tarlok Slngh Sura HaNinder Singh Vlrdee Pawinder Slngh Sabharwal Committee of Trustees: President Baldev Singh Sehmbi Baldev Singh Sehmbl Vice President Surinder Singh Jandu Jodh Slngh Jandoo General Secretary Hardev Singh Sira Surinder Singh Jandu Vice General Secretary Bhagwant Singh Matharu Hardev Sln8h Sira Treasurer Gurpal Singh Bhambra Gurpal Sin8h Bhambra Asslstant Treasurer Charanjlt Singh Bansal Stage Secretary Pritam Singh Rehal Kewal Singh Panesar Assistant Stage Secretary Kewal Singh Panesar Ratnager SlnEh Panesar Building Superintendent Amarjit Singh Phull Amarjit Singh Phull As5i5tant Building Superintendent Harbinder Sin8h Mankoo Satpal Singh Chana continued....
Ramgarhla Slkh Gurdwara East London Report of the Trustees for the year ended 28 February 2024 Present- frorn 13 July 2025 Prevlous ..continued Store Keeper Harjit Singh floopral Harjit Singh Rooprai Educatlon Secretary Balblr Slngh Sagoo Mr5 Manlit Kaur Matharu Cultural and Sports Secretary Pritam Sin8h Rehal Balblr Singh Barmi Llbrarlan Saroop Singh Kalsi Matrlmonlal Secretary Harylnder Singh Virdee Pritam Singh Bamrah Other committee Members Ratnagar Sin8h Panesar Telpal Slngh Ubhi Statutory Audltor5 Buslness Ledger Llmlted, Chartered Certlfied Accountants 3 Waterslde Orlve, Langley Berkshlre SL3 6EZ
Ramgarhia Sikh Gurdwara East London Report of the Trustees for the year ended 28 February 2024 Structurei governance and rnanagernent Governin8 document The charity is governed by a constitution adopted in April 1972 and last updated in May 2012. The trustees, who are elected every 2 years, are responsible for general control and management of the charity. The trustees glve their time freely and receive no remuneration or other financlal benefits. The trustees meet monthly to conduct the business of the charity. These meetings follow a formal agenda and decislons are based on a simple majorlty. At the meetings the trustees agree the broad strategy ond areas of actbvity for charity Including reserves and risk management, relationshlp with group5 and other charities and Indivlduals, policies and performances. The day-to- day administratSon of the charlty 15 delegated to the Executive Commlttee. Trustees, Indurtlon and tralnlna Most trustees are already familiar wlth the charity. New trustee5 are invited and encouraged to famlllarise themselves with the charity and the context with in which it operates. Also new Trustees are encouraged to Use the resource available at the Charity Commission website. Trustees are fully involved in the operations of charity and have full access to all members to ensure that they can be fully aware of the methods and activitles of the charlty. Rlsk Management The trustees carry out an annual review of the rlsks the charity may face and are satlsfled that systems are In place to monitor and control these rlsks to mitl8ate any impact they may have on the charity In future, All the Internal financial controls are in place. In f uture if the need arises the trustees will seek professlonal advice to establish systems and procedures to manage those risks Ilf any) and to provide reasonable assuran against fraud and error. Oblectlves and actlvltles Our alms The main object is the advancement of Sikhism. as in the past celebrated all the Gurpurabs, weekly and monthly religlou5 occasions, and also performed en8agernents and weddin8 ceremonies. In addition. occasionally rellglous servlces were performed at the funeral of the members of the Sikh community.
Ramgarhia Sikh Gurdwara East London Report of the Trustees for the year ended 28 February 2024 Publlc Benellt The trustees and the management committee have had due regards to the Charity Commission's guidance on public benefit when reviewing our aims and objectfves and plannlng our future activities. Istri Sabha (Ladies Section) has been holding weekly Diwans and outings to other Sikh Gurdwaras in the country. A5 usual their annual Jap Sahib, Chaupai and Sukhmani Sahib (prayers for world peace and harmonyl programmes have been very successful and appreclated by the congregation. Ramgarhia Panjabi School has been operating under the auspices of the Gurdwara and is runnin8 classes to teach the Panjabi language and promote the Panlabl culture. The school continues to thrlve. The School building is also used by Dhol Academy to teach Dhol Ilndian drumsl. Other organisatlons have been using premises at 270 Neville Road. Volunteer5 Many volunteers give up thelr tlme to help at the Gurdwara, particularly at the week-end and In the evenings. We are greatly indebted to these volunteer5 for their commitment and support, ACHIEVEMENT AND PERFORMANCE The Charitles activlties during the year were for public beneflt. The trustees conslder that these activltles provide benefit both to those who worship at Ram8arhia Sikh Gurdwara and the wider community. We have achleved its planned targets. In line wlth alms and objectlves wrltten in the Governing Document. The trustees would like to record their gratitude to variou5 volunteers and donors whose contrlbutions, financlal or otherwise, have helped the smooth running of the Gurdwara In the past year Flnanclal Revlew The trustee5 report that the net Incoming resources for the year were in surplus of £124,11212023- surplus of £45.4271 takin8 accumulated fund5 to £3,978,988 from £3,854.876. The operating surplus for the year 15 similar to Increase in bank balances at the year.end as compared to previous year-end. Resebyes pollcy The charity relies on donation5 and offerln8s from Sangat IPublicl. These donatlons and offerings can flurtuate from year to year therefore the trustees aim to ensure that the charlty has sufficient resources to continue its artivities and to meet its obligations. To this end. It Is considered pruder¢t that Sufficient liquid funds are malntalned.
Ramgarhla Slkh Gurdwara East London Report of the Trustees for the year ended 28 February 2024 Results for the year The total income ir)creased by £144,199 to £381,620. The total expenditure for the year including depreciation increased in the year from £191,994 to £257,507 caused mainly by increase in wages, food ingredients, maintenance and light & heat costs. The net movement in funds for the year was £124,112 thereby increasing the unrestricted funds to £3,978,988 of which £3,552.229 Iwith the difference being bank deposits) is invested in the charity's total fixed assets. Future Plans The charity does not anticipate any change in its operation5 and expects to continue to provide Improved facilities to the members of the Sikh communlty as well a5 the wider local community. The Charity wishes to continue the promotion of the Sikh faith in the local community and to contlnue helping those in need. The trustees have taken all steps to reduce costs where possible and continue to Improve Gurdwara facilities. The trustees are of the opinion that the Gurdwara is a golng concern. Ststement of irustees responslbllltles The tru5tee5 are responsible for preparing the Annual Report and the financial statements in accordance wlth applicable law and regulation5. The law applicable to charltles In England & Wales requires the trustees to prepare financial statement5 for each financial year in accordance with United Klngdom Generally Accepted Accounting Practice Iunited Kin8dom Accountin8 Standards and appllcable lawl. The trustees must not approve the financial statements unless they are satlsfied that they give a true and fair view of the state of affairs of the charlty and of the incomln8 resources and applicatlon of resource5. includln8 the income and expenditure, of the charity for that perlod. In preparing these financial statements, the trustees are required to.. al select Sultable accounting pollcies and apply them conslstently; bl observe the methods and prlnclples In the Charities SORP.. cl make judgments and accountlng estimates that are reasonable and prudent,. dl state whether applicable UK Accounting Standar(is have been followed. subject to any materlal departures dlsclosed and explained In the flnancial statements. el prepare the financial statements on the goin8 concern basls unle55 it is inappropriate to presume that the charity will continue to operate.
Ramgarhia Sikh Gurdwara East London Report of the Trustees for the year ended 28 February 2024 The trustees are responsible for keeping sufficient accounting record5 that di5c105e with reasonable accuracy at anv time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. 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 irregularities. Approved by the trustees on and si8ned on their behalf by: Baldev Slngh Sehmbi Gurpal SinRh Bhambra Presldent Treasurer Hardev Singh Slra Gurdev SinBh Chana Gener Trustee Date
Report of The Independent Audltors to the Trustees of Ramgarhla Sikh Gurdwara East London Oplnlon We have audited the financial statements of Ramgarhla Sikh Gurdwara East London (the 'charltyl for the year ended 28 February 2024 which comprise profit and loss, balance sheet and notes to the financial statements, including a Summary of significant accountin8 policies, The financial reporting framework that has been applled in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Finonciol Reporting Stondord applicable in the UKand Republic of Ireland (United Kin8dom Generally Accepted Accountin8 Pracrlcel. In our opinion, the financial statements.. give a true and fair view of the state of the chariV5 aff8irs as at 28 February 2024 and of its incomlng resources and appllcation of resources for the year then ended: have been properly prepared in accordance with United Kin8dom Generally Accepted Accounting Practice; and have been prepared in accordance with the requlrements of the Charities Act 2011. Basls for oplnlon We conducted our audlt In accordance with Intematlonal Standards on Auditln8 IUKI IISAS IUKII and applicable law. Our re5ponsibllitles under those standards a further described In the Audltorfs respon51bllltles for the audlt of the financial statements sectlon of our report. We are Independent of the charlty In accordance wlth the ethical requirement5 that are relevant to our audit of the flnanclal statements In the UK, Includin8 the FRCS Ethical Standard, and we have fulfilled our other ethical responslbilities in accordance with these requirements. We belleve that the audit evidence we have obtained15 sufficient and approprlate to provide a basis for our opinlon. Concluslons relatlng to goln8 concern In audltln8 the financial statements, we have concluded that the trustee5' use of the golng concern basls of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identSfled any materlal uncertaintles relatlng to events or condltlons that. Individually or collectlvely. may cast signlflcant doubt on the charit5 ablllty to continue as a goin8 concern for a period of at least twelve months from when the financlal statements are authorised for Issue. Our responsibilities and the responsibilities of the trustees with respect to 8oln8 concem are descrlbed in the relevant sections of this report. Other Informatlon The other information comprises the infomiation included In the annual report other than the flnancial statements and our auditorfs report theOn. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial Statements does not cover the other information and, except to the extent otherwise explicitly stated in our reF)Ort, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other informatlon and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit or otherwise appear5 to be materially misstated. If we identify such material inconsistencies or apparent material misstatements. we are required to determine whether thls gives rise to a material misstatement in the financial statements
Report of The Independent Audltors to the Trustees of Ramgarhia Sikh Gurdwara East London themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other infomation. we are required to report that fact. We have nothin8 to report in this regard. Matters on which we are required io report by exception We have nothing to report in respect of the followin8 matters in relation to which the Charities (Accounts and Reports) Regulations 2(XJ8 requlre us to report to you if, In our opinlon.. the information given in the trustees, port is inconsistent in any material respect with the financial statements- or sufficient accountlng records have not been kept,. or the flnancial Statements are not In agreement with the accounting records and returns,. or we have not recelved all the information and explanatlons we requlre for our audlt. Responslbllltles of trustees A5 explalned more fully in the trustee5' re5ponsSbllltles Statement Set out on page 7 the trustee5 are re5pon51ble for the preparation of the financlal statements and for belng satlsfled that they give a true and falr vlew, and for such internal control as the tru5tee5 determine is nece55ary to enable the preparation of financial statements that are free from materlal mi55tatement, whether due to fraud or error. In preparln8 the flnanclal ststements, the trustees are responslble for asse55lng the charl5 ablllty to continue as a going concern. disclosin8, as appllcable. matters lated to golng concern and usln8 the golng concern basis of accountlng unle55 the trustees either intend to liquidate the charity or to cease operations, or have no realistlc alternative but to do so. Audltorfs responslbllltles for the audlt of the flnanclal statements We have been appointed as auditor under sectlon 145 of the Charitles Act 2011 and report In accordance with the Act and relevant regulations made or having effect thereunder. Our objectives are to obtain reasonable assLtrance about whether the financlal statements as a whole are free from material misstatement. whether due to fraud or error, and to issue an auditorfs report that Includes our oplnlon. Reasonable assurance is a hi8h level of assurance, but is not a guarantee that an audit conducted In accordance with ISAS IUKI will always detect a material misstatement when it exists. Mi55tatements can arise from fraud or error and are considered materlal if, indlvidually or in the aggregate, they could reasonably be expected to influence the economic decislons of users taken on the basis of these flnancial statement5. Irregularitie5, including fraud, are Instances of non-compliance wlth laws and regulations. We design procedures in line with our respon5ibilitie5, Outlined above, to detect material misstatements in respect of irregularitie5, including fraud. The extent to whlch our procedures are capable of detecting irregularities, includin8 fraud is detailed below- al Enquiry of maTragement to identify any instances of non-tompllance wlth laws and regulation5,' checking all statutory submissions have been submitted on time and are complete including those for The Charlty Commission bl Enqulry of management with regards to actual and potential litlgation and claims.
Report of The Independent Auditors to the Trustees of Ramgathia Sikh Gurdwara East London c) Performing audit work over the risk of management override of controls, including testing of journal entries and other adjustment5 for appropriateness, and reviewing accountlng estimates for evidence of management bias. dl Reviewing disclosures in the financial Statements and testing to supporting documentation to assess compliance with applicable law5 and re8ulations. el Checklng existence and continued use of fixed assets; checklng calculation5 of depreciation; and checkin8 falr valuation of assets. Because of the inherent Ilmitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement In the financial statements, or no-compllance with regulation. This risk increases the more that compliance wlth a law or regulation is removed from the events and transactions reflected in the financial Statements, as we wlll be less Ilkely to become aware of instance of non-compliance. The rlsk is also greater regardln8 irre8ularltie5 occurrlng due to fraud rather than error, as fraud Involves intentional concealment, forgery. collusion, omission or misrepresentation. A further descriptlon of our responsibllltles for the audit of the financial statements Is located on the Flnanclal Reportlng Council's website at: htt www.frc.or auditorsres onslbllltl s. Thls descrlptlon forms part of our auditorfs report. Use of our report This report Is made solely to the charlVs trustees, as a body, In accordance wFth Part 4 of the Charlties (Accounts and Reports) Regulatlons 28. Our audlt work has been undertaken so that we might state to the charitV5 tru5tee5 those matters we are requId to state to them In an audltorfs report and for no other purpose. To the fullest extent permltted by law, we do not accept or assume responsibility to anyone other than the charlty and the charltvs trustees as a body, for our audit work, for thls report. or for the opinions we have formed. Business Ledger Limited Chartered Certlfled Accountant5 Statutory Auditor 3 Waterside Drive Langley, Berkshire SL3 6EZ Business Ledger Limited is eligible for appointment as auditor of the charlty by vlrtue of its eligibillty for apNiintment as auditorof a company under sertion 1212 of the Companies Att 2CQ6. io
Ramgarhia Sikh Gurdwara Ea$t London statèmènt of Flnancial Arti¥itle5 forthe year ended 28 February 2024 Total Funds 2023 General Fund INCOME and ENDOWMENTS Donations and legacies Other Income 373.191 39.187 350,382 31,237 TOTAL INCOME 412,378 381,620 EXPENDITURE Charltsble a¢tlvlties Governance costs TOTAL EXPENDITURE 349,927 3.947 353,874 254,117 3,390 257.507 Oporatlbvd IDeflcltl Surplus lor thè year 124,112 NET INCOMEIIEXPENDITURE) 58.504 124,112 NEf MOVEMENT IN FUNDS 58,504 124,112 RECONCILIATION OF FUNDS Totsl funds brou8ht forward 3.978.988 3,854,876 Total Funds urrled fobward 4,037,492 3,978,988 li
Ram8arhia Sikh Gurdwara East London Balance Sheet as at 28 FebTry 2024 frjote General Fynd General Fund 2023 FIXED ASSETS Tangible a55ets Investrnent5 rotulfixed ossets 2.282.713 1,275,rMIo 3.557.713 2.285.524 1,27S.000 3,560,524 CURRENT ASSETS Debtors Cash at bank and In hand Total current assets 9,393 489.522 498.914 5,733 426,758 432,491 UABILITIES Credltors.. Amounts falling due wlthln one year io 119,1351 114,0271 NET CURRENT ASSETS 479,779 418.464 TOTAL ASSETS LESS CURRENT LIABILlEs 4,037,492 3,978,988 TOTAL NET ASSETS 4,037,492 3,978,988 FUNDS Unrestrlcted funds li 4,037,492 3,978,988 TOTAL FUNDS 4.037.492 3,978,988 The flnanclal Statements were approved by the Board of Trustees on and were si8ned on its behalf by.. 31 Baldev Sln8h Sehmbl President Gurpal 51ngh Bhambhra Treasurer Hardev Slngh Slra General Secretary Gurdev Slngh Chana Trustee 12
Ramgarhlo Slkh Gurdwara East London Note5 to the Flnanclal Statements for the year ended 28 February 2024 ACCOUNTING POLICIES sls of preparfn8 the Ilnanclal statements The flnanclal statements have been prepared in accordance wlth 'Accountin8 and Reportin8 by Charltles.. Statement of Recommended Practice applicable to charitles preparing their accounts In a¢¢ordan¢e with the Financial Reporting Standard applicable in the UK Ind Republic of Ireland IFRS 1021 Isecond Editlonl, and the Flnanclal Reportlng Standard applicable In the United Klngdom and Republic of Ireland IFRS 1021 and the Charitie5 Act 2011 and UK Generally Atcepted Practice as it applies from l January 2015. The financial statements have been prepared to glve a 'true and falrf eW and have departed from the Charltles (Accounts and Aeportsl Regulatlons 2008 only to the extent required to provlde a'true and fair vIe. This departure has involved following'Attountin¥ and Reportin8 by CharitSes'. Statement of flecommended Practlce appllcable to charltles preparlng thelr sccounts in accordance wlth the Flnanclal Reporting Standard appllcable In ihe LIK and Republic of Ireland IFRS 102115econd Edltlonl'ratherthan the Accountlng and Reportin8 by CharitSe5'. Statement of Aecommended Practl¢e effe¢tlve frorn l ApTII 2005 whlch has slnce been wlthdrawn. The trustees considerthat there are no materlal un¢ertalnties about ihe Charlty's ablllty to contlnue as a golng concern. Funds The charlty has one unrestrlcted Income general fund. Unrestricted income funds comprlse those funds which the trustees are free to Use for any purpose In furtherance of the charltable objects. In restrl¢ted funds include designated funds where the trustees, have set aslde resources for a spe¢ific purpose. Income All incorne is re¢o8ftlsed in Statement of Flnanclal Actlvltles once the Charlty has entltlement to the funds, it15 probable that the Income wlll be recelved and the amount can be measured reliablv. Exp•b)dbtur• Liablllties are recognlsed as expendlture as soon as there is a legal or constructlve obllgatlon committin8 the charity to that expenditure, It 15 probable that a transfer of economic benefits wlll be requlred In settlement and the amount of the obll8atlon can be measured rellably. Expendlture 15 accounted for Expenditure Is accounted for on an accurals basls and has been Gla55ified under headlngs that aggregate all costs related to the category. Irrvo¥•rabl• VAT Irrecoverable VAT15 charged against the cate80ry of expendlture forwhich It Wa5 incurred. Allocatlon of overhead and support costs Support costs include administrative office fun¢lions are allocated to the activlty cost categories on a basls conslstent wlth the use of rèsources. Costs ot8eneTatln8 funds Costs of generating funds are those costs incurred In attractlng voluntary ineome. or incurred In tradlng activities undertaken to raise fund5. Charitable activities Charitable expendlture comprlses those costs incurred by the ¢harity in the delivery of its actiwties for Its beneflclarles. It Includes both dlrect pay ènd non-pay costs and support Costs relating to those 13
Ramgarhia Sikh Gurdwaya East L¢d0Th Note5 to the Financial Statement5 for the year ended 28 February 2024 fjovèrnance tosts Governance ¢95ts include those costs associated with meetln6 the constltutional and statutory requirements of the charity, and include its audit fees and othe¥ similar costs of the charlty Including trustee expenses. Tan8ible flxed assets and depreclatlon All assets costin8 more than £1,000 are tapltallsed and at histor1¢ ¢ost. Fixed asset5 are stated at C05t less accumulated depreclatlon and any impairmeht. The feehold property is valued at histolic C05t and 15 not depreciated. as the Gurdwara and related community hall are consldered to have a useful1Sfe as a buildlng of greater than 50 years and 50 any depreciation charge is considered immaterial. Depreciatlon Is provlded at the followlng annual rates In order wrlte off the cosi less estimated residual value of each asset ovèr Its estimated useful life. Flxtures. flitln8s and equlpment Llbarary books 20% reducing balance 5% reduclng balance Imiv5tment property Investment property Is shown al most recent valuatlon. Any movement Is allocated to Its general fund. Go¥ernm•nt Giants The Governmènt IQRSI has been classlfied as a 'revenue-based' grant on the accrual model and re¢o8nlsed within other income. 2024 2023 DONATIONS AND LEGACIES Donations Donated bulldlng materlals 373.191 327,4S9 22.g23 350.382 373,191 All donations are voluantry. No fund ralsin8 activlty takes place at the Gurdwara. Durin8 the year ended 28 Februaiy 2023, the Gurdwara received buildln8 materials as donatlons for the extenslon behlnd 8 Nevllle Road E17, amountln8 to £22,923 from Mr H S Mankoo & others. See note 7 & 13. OTHER INCOME Rental Income Interest 34,642 4,545 39.187 30,447 790 31.237 14
Ram8arhla Slkh Gurdwara East London Notesto the Flnanclal Ststements for the year ended 28 February 2024 2024 2023 CHARITABLE AcfiviTIES Worshlp costs Sub5criptlon5 and donatlons Food and vegetables Panlabl and music school Travel & parknr4J Advertilng Telephone Cc*nputer costs Postsge and ststlonery Laundry and deanlThJ Repalrs and malntenan ¢>ant expense Sundry expenses Water rates and COU11 tsx Znsurnnce Llght and heat Bank charges Depredavc 104.241 1,125 6¥940 4.501 99,649 1,156 44,208 5,196 450 400 2,848 528 3.063 6,280 23,811 3,763 1,042 17,168 9,821 103,302 238 4,856 349.927 3,673 294 4,352 28,875 2,534 11,539 6,875 36,053 1,025 6,059 254.117 GOVERNANCE COSTS Legal and wifeIcal Audlt fee5 1,347 2.600 3,947 750 2,640 3,390 STAFF COSTS Ilnduded In Charltatsle Eyndlturel Worship costs Muslc & Punlabi teachers Employer NIC Employer Penslon costs 102,350 4,501 1309 582 108.742 97,758 5,196 1309 582 104,845 The average monthly number of employees durinB the year wa5 as follows.. No employee receive5 total employment benefits of more than £60,OCiI No trustees or the managlng committee have received any remuneration or other beneffit5 or expenses from the Charltv There are no key fflanagement personnel employed byth? Charity. 15
Ram8arhia Slkh Gurdwara East L¢nd¢)n Note5 to the Flnanclal 5tatemeb)ts for the yeJr ended 28 February 2024 TANGIBLE FIXED LSSETS Freehold land & buildin8s Flxtures flttlng & equipment Llbrary book5 Total COST OR VALUATION At l Mafch 2023 Additions At 28 February 2024 2,260,350 2,046 2,262,396 195,561 3,853 2.459.764 2.046 2.461,810 195.561 3.853 DEPRECIATION AND IMPAIRMENTS At l March 2023 Depreciation At 28 February 2024 171,575 4,797 176,372 2,665 59 2,725 174,241 4,856 179,097 NET BOOK VALUE At 28 Febfvary 2024 At 29 February 2023 2,262,396 2.260,350 19.189 23,986 1,128 1,188 2,282.713 2,285,524 INVESTMENT PROPERTY VALUATION At l March 2023 and 28 February 2024 1,275,000 TheTrustees and ihe Executive Commlttee conslder there has not beèn s18nificant movement in the market value of the investment property based on resale value of ¢omparable propertSes. No chan8e In carrylng value of the Investment Property Is requlred. 2024 2023 CURRENT ASSETS Prepayments Other debtors 3,774 5,619 9,393 3,774 1.959 5.733 10 CREDITORS: AMOUNTS FALLING OUE WITHIN ONE YEAR other credltors 19.135 19,135 14,027 14,027 16
Ram8arhia Sikh Gurdwara East London Notss to the Financial Statemeb)ts for the year ended 28 February 2024 11 SUMMARY OF FUNO MOVEMENT General Fund At l Marth 2023 Income Expenditure At Z8 Febry 1024 3,978,988 412,378 1353.8741 4,037,492 12 RELATED PARTY DurlnB the year the Gurdwara purchased 8oods and servlces from the followlng bvslnesses whlch are con51dered as related party transactions 2024 2023 H S Roopral K S Panesar S S Jandu Tsubhl . All amounts were pald durln8 the year. 13.637 29,588 1,125 65 70 Durlng the year the Gurdwara also recelved donated bulldin8 material amountlng to12023. £22,923 from Mr H 5 M & others. 13 FRC ETHICAL STANDARD- PROVISIONS AVAILABLE FOA SMALL ENTITIES In common wlth many other buslnes5es of our slze and nature we use our audltors to a551st wlth the preparatlon of the flnanclal statements. 17
Ramgarhla Slkh Gurdwara East London DetsilÈd Incomè and ExpÈnditwe for the year ended 28 February 2024 General Fund Total 2023 Intom• tk)natlons Golak Rent PunbI xhcA)I Investment Income tk*nated building rnaterlals Total Incom• 228,963 143,493 34,642 T35 4.545 203,099 124,360 30,447 790 22,923 381.620 412,378 Expendltw• Wage5 Panjabi and music School Kirtan bhet and slropaos Subscriptions and donations Food and vegetables Travel & parknng Advertlsing Telephone Postage and statyonery puter costs LauTrJry and canIng Repalrs and malntena Grant expenses gjndry expenses Legal and profe5slonal Water rates and counal tsx Insuran Ught and heat Bank Charges Depredawon Aud lees 102,346 4,501 1,895 1,125 61,940 99.498 5,196 151 1,156 44,208 450 180 3,673 294 4Q) 2,848 3,063 528 6,280 23,811 3,763 1,042 1,347 17,168 9,821 103,302 1,238 4,856 4,352 28,875 2.534 750 11,539 8,875 36,053 1,025 6,059 2,640 257,507 353.874 Net Movèment In Funds 58,504 124,112 18