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