RAMGARHIA SIKH SOCIETY BEDFORD 33-39 Ampthlll Street, Bedford, MK42 9BT Registered CharityNllmber: 266296 ANNUAL REPORT AND ACCOUNTS FOR THE YEAR ENDED 30" APRII 2024
RegÈstered Charity No. 266296 RAMGARHIA SIKH SOCIETY BEDFORD TH ANNUAL REPORT FOR THE YEAR ENDED 30 APRIL 2024 CONTENTS PAGE Charity reference and administrative information Annual report 2to4 Independent Examiners Report Statement of Financial Activities Balance Sheet Notes to Financial Statements 8t016
RAMGARHIA SIKH SOCIETY BEDFORD Reglstered Charity No. 266296 TH ANNUAL REPORT FOR THE YEAR ENDED 30 APRIL 2024 Name ot Charlty: Ramgarhia Sikh Society Reglstered Charity No 266296 Governing Document: Constitution Addres5: 33- 39 Ampthill Street, Bedford, MK42 9BT Trustees: The following persons served as Members of the Executive Committee of the Gurudwara: (Management Trustees) 11 President- 21 Deputy President- 31 Secretary- 41 Deputy Secretary- 51 Treasurer- 61 Deputy Treasurer- 71 Committee Member- 81 Committee Member- 91 Committee Member- IOICommittee Member- IIICommittee Member- 121Committee Member- Gurmail Singh lootle Baldev Singh Bhogal Balwlnder Singh Gahir Satnam Singh Galsin Sharanjit Kaur Sira Amarjit Singh 8hogal Kulwant Singh Bahra Baldev Singh Bhachu Sandeep Singh Sira Tara Singh Chana Kulwant Singh Ubhi Jasbir SinEh Sira Bankers: National Westmir)ster Bank 81 High Street Bedford MK40JNE Accountantsllndependent Examiners: Haines Watts First Floor Woburn Court 2 Railton Road Woburn Road Industrial Estate Kempston Bedfordshire MK42 7PN
RAMGARHIASIKH SOCIETY BEDFORD Registered Charity No. 266296 ANNUAL REPORT FOR THE YEAR ENDED 30 APRIL 2024 Trustees of the charit Please refer to page I for trustee information. Structure Governance and Man3 ement The charity is an unincorporated organisation. It is governed by the regulations set out in its constitution. New Board members are elected every two years at the Annual General Meeting IAGM}. The management board 15 aware of the potential rlsks to the charity, including financial risks and has Implemented strategies to control or minimise these risks. Assessments have been Ljndertaken of the major risks, governance and compliance with law and regulations. Ob'ectives and Artivitles for the Public Benefit The Gurdwara has been in existence ever since 1960 as a Place af Worship for the Sikh Community, initially in Victoria Road, Bedford and later at its present site at 33-39 Ampthill Street, Bedford. Objects: The objects of the Gurudwara Icharityl are to advancey permit and propagate the Sikh religion in Bedford and surrounding areas la Place of Worship). by celebrating the principal Sikh Religious Festivals. by extending a welcome to all Sikhs newly arrlved in or visiting Bedford and to manage the Gurudwara in accordance with Sikh tenets and local Government rules and regulations. The charities trustees have regarded that the services undertaken do benefit the public. All the charitable actlvitles focus on the advancement of the Sikh religion, counselling advice and informatlon to the commuDItv. Achievements and Performance All the object listed above were carried out to the fullest by the trustees in the year to 3010412024.
RAMGARHIASIKH SOCIETY BEDFORD Registered Charity No. 266296 ANNUAL REPORT FOR THE YEAR ENDED 30 APRIL 2024 continued... Fl#anclal Revlew The charitable organisation services are mainly reliant on voluntary income from the congre8ation. The trustees feel that this was a particularly good year. A summary statement of the financial activities for the year is shown on page 6 of the accounts. This shows that during year total income of £100,275 was received and after expense5 the net surplus of £50,664 was added to reserves. The Gurdwara, s current reserves policy is simply to maintain sufficient cash flow for known commitments and running costs for the next 6 months. The trustees have forecast the level of free reserves (bank and cash reserves) as being £1,093,772 which are all in the form of unrestricted funds. Plans for future eriods and Public Benelit The building works at the nèw premises Ilocated at the rear of the present Gurdwara) have not been commenced yet. However. any progress will be reported in the future accounts by the trustees. Once completed there will be more room for extra devotees/congreg3tion.
R¢gist¥fLII Cliarily No. 2CI6296 RAMGARHIA SIKH SOCIETY BEDFORD TM ANNUAL REPORT FOR THE YEAR ENDED 30 APRIL 2024 Statement of Trustees Res onsibllltles The trustees are responsible for preparing the TrustÈes' Report and the financial statements in accordance with applicable law and United KinEdom Accounting Standard5. The trustees are required by law to prepare accounts for each financial year, which give a true and fair view of the financial activities of the charity and Sts financial position at the end of that year. In preparing these flnancial statements, the trustees are required to.. select suitable accounting policies and then apply them con515tently,' make jud8ment5 and estimate5 that are reasonable and prudent,. state whether accounting standard5 and statement of recommended practlce have been followed sublÈ¢t to any material departures disclosed and explained in the accounts,. prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in oper?tiDn. The trustees are responsible for keeping proper accounting records that disclose with reasonable 3ccur3cy at any time the financial position of charity and to enable them to ensure that financial statements comply with the Charities Act 2011, the applicable Charitles (Accounts and Reportsl Regulètions. They arè also rèsponsible for Safeguarding the assets of the charity and hence for taking reasonable steps for the preventlon and detection of fraud and other irreEularitles. In so far as the trustees are aware there is no relevant information ol whlch the charity's examiners are unaware,. and the trustees have taken 311 steps that they ought to have taken to make themselves aware of any relevant information and to establlsh that the exan)iners are aware of that information. Approval Gurmail SinEh Jootle IPRESIDENTI Sharanjit Kaur Sira IHON.TREASVRERI
R<i51ered Charity No. 266296 Independent Examlnerfs Report to the TTUStees of Ramgarhla Slkh Soclety Bedford I report on the accounts of the charity for the year ended 30 April 2024 which are set out on pages 6 to 14. Responslbllltles and basls ot repoit As the charity'5 trustees you are responsible for the preparation of the accounts in accordance wlth the requirements of the Charities Act 20111'the Act'l. I report in respect of my examination of the charlty's accounts Carried out under 5ectton 145 of the Act arid in Carrying out my examination I have followed all the applicable Directions given by the Charity Commlsslon under sectlon 1451Sllbl of the Act. Independent examlner's report I have completed my examinatiot). I conflrm that no mateflal matters have come ttr my attention in connection with the examinatlon giving me cause to believe that in any material respect: accounting records were not kept In respect of the charity as required by section 130 of the Act,. or the accounts do not accord with those records; or the accounts do not comply with the applicable requirements concerning the form and content of accounts sèt out in the Charities (Accounts and Reports) Regulation$ 2008 other thon any requirement that the accounts give a 'true and fair view, which is not a matter considered a5 part of an independent examination. I have no concerns and have come acrogs nD Other rmatters In connectlon with the examlnation to which attention Should be drawn in this report in ordèr to enable a proper understanding of the atcounts to be reached, Alberto Di Lorefizo FCA Date ?( Haines Wattg Chartered Accountants First Floor, 2 Woburn Court 2 Railton Road Road Kempston Bedford MK42 7PN
Registered Charity No. 266296 RAMGARHIA SIKH SOCIETY BEDFORD Statement of Financial Activitles For the TM ear ended 30 A ril 2024 2024 2023 Notes Unrestricted Funds Unrestricted Funds Incomln Resources Donations & Grants 121 Ic,275 113,957 In 100,275 113,957 Ex enditure on Charitable Activitles.. (including governance costs) {31 49,611 48,274 Total Resources Ex ended 49,611 48,274 Net Movement in funds 50,664 65,683 th Fundsat 30 A rll 2023 Iiii 1,043,108 977.425 Total Funds at 30 th ril 2024 1,093,772 1,043,108
Registered Charlty No. 266296 RAMGARHIA SIKH SOCIETY BEDFORD TH BALANCE SHEET as at 3Q APRIL 2024 2024 2023 Fixed Assets Tangible Assets (71 555,619 507,362 Current Assets Stocks Cash in Bank and in Hand Debtors & Prepayments 250 429,236 109,727 539,213 500 415,286 124.634 540,420 191 Creditors: amounts due within oneyear {81 11,0601 14,674) Net Current Assets 538,153 535,746 Net Assets {ioi 1,093,772 1,043,108 Charit Funds: Restricted Funds Unrestrirted Funds General Funds Designated Funds 677,674 416,098 649,447 393,661 Total Fund5 Iiii 1,093,772 1,043,108 Approved by us on for and on behalf of all the trustees Gurmall Singh Jootle (PRESIDENT) sharanjit l<aur Sira {HON. TREASURER)
Registered Charity No. 266296 RAMGARHIA SIKH SOCIETY BEDFORD NOTES to the Flnanclal Statements lor the ear ended 3tyh ril 2024 i) OUNTING PO Basis of preparation The charity constitutes a public benefit entity as defined by FRS 102. The financlal statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard appllcable in the UK and Republic of Ireland issued in October 2020. the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland IFRS 1021, the Charities Act 2011 and UK Generally Accepted Accounting Practice. The financial statements have been prepared to give a 'true and fairf view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair view,. This departure has involved following the Accounting and Reportin8 by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in actordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland issued in October 2019 rather than the Accounting and Reporting by Charlties: Staternerbt of Recommended Practice effective from l April 2005 whlch has since been withdrawn. arture from SORP The charity is seeking planning permission to construct a new building. and the trustees have considered the value of the land and building currently held by the charity to be at cost, and as such has not charged depreciation on the building element. The financial statements are prepared on a going concern basls under the historical cost convention, modified to include certaln items at fair value. The financial statements 2re presented in sterling which is the functional currency of thè charity and rounded to the nearest £ Incomin Resources Incoming resources are recognised in the statement of financial activities when entitlement has passed to the charlty and the amounts are certain and, measurable. Any incoming resources re£eived that relate exclLJsively to future periods are deferred on the Balance Sheet. Resources Ex ended Expendlture is recognised in the statement of financial activitie5 when a liability is incurred or increased without a commensurate Increase in recognised assets or a reduction in liabilities. All expenditure is accounted on an accruals basis. Allocation of Costs Direct Activity Costs eomprlse those costs that contribute directly to an activity and are allocated to the relevant activitv. Support Costs comprise those costs that are necessary to deliver an adivity but in themselves do not produce or deliver an activity. Governance Costs are those costs Incurred to meet statutor¥ and constitutional requirement5.
Registered Charity No. 266296 RAMGARHIASIKH SOCIETY BEDFORD NOTES to the Financial Statements for the ear ended 30th A rll 2024 continued,.. Funds (a) Unrestricted funds, which are credited to the Income and Expenditure accounts are normally expendable at the discretion of the management. (b) Restricted funds, which are for specific purpose declared by the donors and are credited 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 trustees for specific purposes. De reciation Depreciation is calculated so as to write off the cost of tangible fixed assets on a reduclng balance over their useful lives. The rates applied are as follows.. Offite Equipment Fixtures & Fittings IO% on Reducing Balance Basis IO% on Reducing Balance Basis The land has not been depreciated. The building is under construction and depreciation will only start once completed. Taxation.. The organisation is exempt from tax on its charitable attivities.
Registered Charity No. 266296 RAMGARHIA SIKH SOCIETY BEDFORD NOTES to the Flnancial Statements for the th ear ended 30 A ril 2024 contlnued... 2024 2023 2} Donatlon5 and le acies General Donations Gift Aid 100,275 99,028 14,929 100,275 113,957 CES EXPE Basis of Reli allocation Servlees Ions Governance Total 2024 Total 2023 Costs directl allocated to attlvltles Salaries costs Repairs, Renewals and cleaning Sundries/Food Light/Heat & Water Rates Religious Function Donations Depreciation/loss on disposals Direct Direct Direct Direct Direct Dlrect 19,983 1,765 5,195 9.293 7.123 1,059 19,983 1,765 5,195 9,293 7,123 1,059 23,483 2,535 3,814 10,196 353 1,158 Su ort Costs allocated to artivitles Loan written off 2,000 Premises & Administration Usage 1,336 1,336 1,512 Bank charges Usage 759 759 736 Gelleral office Usage 1,986 1,986 1,352 Legal and Professional Usage 1,112 1,112 1,136 1,112 49,611 48,274 48,499 io
Registered Charity No. 266296 RAMGARHIA SIKH SOCIETY BEDFORD th NOTES to the Flnancial Statements for the ear ended 30 A ril 2024 contlnued... 4} Net movements of funds forthe ear This15 Stated after cha In 30 04 2024 30 04 2023 Oepreciation/L055 on disposal 1.059 1,158 5) STAFF COSTS AND TRUSTEES REMUNERATION 30 04 2024 30 04 2023 Staff Costs and Trustee's Remuneration Wages and Salaries (including Social Security Costs) 19,983 23,483 No employee earned more than 60,000 per annum. The trustees were not remunerated for the year ended 30, April 2024. 6) STAFF NUMBERS The average monthly number of employees during the year were 312023- 41 li
Registered Charlty No. 266296 RAMGARHIA SIKH SOCIETY BEDFORD NOTES to the Financial Statements for the ear ended 30, A ril 2024 continued... TANGIBLE FIXED ASSETS Land & Buildin Fixtures ui Flttin ment Total Cost b/fwd 496,944 34.345 531,289 Additions 48,323 993 49,316 Cost at 3010412024 545,267 35,338 580,605 Depreclatlon b/fwd Charge for the year At 3010412024 23.927 1,059 23,927 1,059 24,986 24,986 Net Bookvalue At 3010412023 At 3010412024 496,944 10,418 507,362 545,267 10.352 555,619 81 CREDITORS AMOUNTS FALLING DUE WITHIN ONE YEAR 30 04 2024 30 04 2023 Accruals Other Creditors Loan 540 520 504 2,170 2,oao 12
Registered Charity No. 266296 RAMGARHIA SIKH SOCIETY BEDFORD NOTES to the Financial Statements for the th ear ended 30 A rll 2024 continued... 91 DEBTORS AND PREPAYMENTS 30 04 2024 30 04 2023 Debtors Gift Aid reclaim Prepayments 14.929 109,705 124,634 109,727 109,727 10) ANALYSIS OF NET ASSETS BETWEEN FUNDS Unrestricted Funds Restricted Funds Total Tangible Fixed Assets 555,619 555,619 Stock 250 250 Debtors 109,727 109,727 Cash at Bank in Hand 429,236 429,236 Current Liabilities 11,0601 13.060 Net Assets as at 3010412024 1,093,772 1,093,772 11) Movement In Funds Balance b/fwd 0110512023 Incoming resources Resources expended Transfer between funds B31ance c/fwd 3010412024 Restricted Fund5 Unrestricted- Designated Funds Unrestricted- General Funds 393,661 22.128 1191} 416,098 649,447 78,147 149,4201 Isooi 677,674 1,043,108 100,275 149,6111 1.093,772 13
RAMGARHIA SIKH SOCIETY BEDFORD RcgisleiEd Chai'ity No. 266296 NOTES to the Financial Statements for the th ear ended 30 A rll 2024 contlnued... 12) Governance Costs The figure of £1,112 is the accountancy and professional costs for the organisation. 13) Unr stricted Funds All funds are used for unrestricted purposes to spend on activities that further any of the purposes of the charity. The designated funds have been set aside by the Trustees for the purposes of building a new temple. 14
Registered Cliarity No. 266296 RAMGARHIA SIKH SOCIETY BEDFORD BALANCE SHEET as at30th A ril 2024 2024 FIXED ASSETS Freehold property&lmprovements Fixtures/FittingslEquipment Additions 545,267 496,944 34,345 993 34,345 35,338 34,345 Less.. Depreciation 10,418 507,362 555,619 CURRENT ASSETS Stocks of Food etc. Debtors & prepayments Bank Account 8051968 Bank Account 68888880 Cash 250 109,727 35,685 389,254 4,297 539,213 500 124,634 17,506 393,661 540,420 CURRENTIIABILITIES IFL PAYEIPension Creditors / Accruals 2,000 184 2,490 1,060 3,060 4,674 TOTAL ASSETS OVER IIABILITIES 538,153 535,746 TOTAL EXCESS OFASSETSOVER LIABIIITIES 1093 ZZZ ESE 977,425 65,683 Accumulated Funds blfvid.lunrestrictedl Add: Surplus Inc. Over Exp. {unrestrictedl 1,043,108 50,664 15
.RegiSl'¢d Choiity No. 26629d ARHI ci DFO INCOME EXPENDIT RE ACCOU for the thA rll 2024 2023 INCOME unrestricted S¥Jbscriptions/ Donations /grants Buildings Fund Tax Refunds/Accrued Income 61,553 38,722 36,468 62,560 14,929 Total Income 100,275 113.957 LESS EXPENSES Water Rates Light & Heat Telephone Printing I Stationery I Postage Kirtan & Path Expense5 Salary& Nl Insurance Repairs & Renewals Refuse Collection Pest Control Accountancv Laundrylcleanlng Sundry Expenses Depreciation: Fixture & Fittings TV Licence Professional fees Food etc. 2,520 6,458 407 478 5,674 4.209 158 256 7,123 19,983 1,509 1,145 315 353 23483 1.352 1,813 312 769 939 576 600 620 722 1,543 I,Q59 159 848 1,158 159 536 536 3,652 2,965 2,000 736 Loan written off Bank charges 759 SURPLUS INCOME lunrestricted} 16