SHRI GURU RAVIDASS SABH CHARITY REGISTRATION NUMBER 273317 282 WESTBRN ROAD SOTJfHALL MIDDLESEX UB2 5JT FINJINCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2024 GARCHA & CO CHARTERED CERTIFIED ACCOUNTANTS AND STATUTORY AUDITORS HEASLEIGH HOUSB 79A SOUTH ROAD SOiTfHALL MIDDLESEX UBI ISQ TEL: 020 8843 1816 9010 FAX.. 020 8813 8249 SHRI GURU RAVIDASS SABH CHARITY REGISTL4TION NUMBER 273317 FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2024 CONTENTS PAGE Executlve Conunittee and Trustees annual report Independent Examiner, s report statement of f Inanclal activites Balance sheet Notes to the f inanclal 8tatement8 SHRI GURU PAVIDASS SABH CHARITY REGISTRATION NUMBER 273317 STATEMENf OF THE EXECUTIVE co1￿￿ITTEE (THE TRUSTEESI RESPONSIBILITIES FOR THE YEAR ENDED 31ST AUGUST 2024 The trustees are responsible for preparing the Trustee3' Report and the tinancial statements in accordance with applicable law and United Kingdom Accounting Standards Iunited Kingdom Generally Accepted Accounting Practicè) The law appllcable to charltles England & Wales requires the tru8tee8 to prepare financial statements tor each flnancial year which give true and fair view of the state of a££airs 0£ the charity an¢2 of the incoming resources and applicatlon of re8ourceg of the charlty f or that period. In preparing these f inancial Btatements, the trustee3 are requlred to: -8elect Suitable consistently,. accounting policies and then apply them -observe the methods and principles in the Charltie8 SORP,. -make J udgment8 prudent,. and accounting e8tLmate8 that are reasonable and -state whether appllcable accountlng standard8 have been f ollowed, subject to any materlal departures dLsclosed and explalned Ln the f Inanclal statements, and -prepare the tlnanclal statements on the going concern basis unless t Inapproprlate to presume that the charity will continue in buslness. The trustees are re8ponsible tor keeplng suf f ieient accounting records that dlsclose wlth reasonable accuracy at any tirAe the financial position 0£ the charity and enable them to ensure that the financial statements COTrLply with the Charities Act 2011, the Charity (Account8 and Reportsl Regulatlons 2008 and the provisions of the trust deed/constltution. They are also re8pongible for saf eguarding the assets of the charity and hence for taking reasonable steps f or the prevention and detection of fraud and other irregularities. SHRI GURU RAVIDASS SABHA CHARITY REGISTPATION TrJUi4JBER 2733 17 REPORT OF THE EXECUTIVE COMMITTEE (THE TRUSTEES) FOR THE YEAR ENDED 31ST AUGUST 2024 The Executlve Committee (The Trustees) presents accounts tor the year ended 31st August 2024. ts report and BACKGROUND Shri Guru Ravidass Sabha Charity) was formed In 1979 for 0£ provision centra! place of worship in Southall and surrounding area. The Charity Is a registered charity with the The Charity 18 a membership body and Its Charlty CoTnmisslon. members eonsi8t of Ordinary members. Membership open to indlviduals who have full faith in Shri Guru Granth Sahib and teachings and principles of Shri Guru Ravidass Ji with the requirement laid down in the Constitution. The Charity is governed by Its Constitutlon as amended on the 18th November 2018 . PURPOSE AND PRINCIPAL ACTIVITIES The purpose of the Charity IB to brlng about the the teaching8 and princlples of Shri Guru Rav&da8s Ji. The Principal act￿vIlIeS of the Charlty are: to provide a central place of worship for the £ollowers of Shr Guru Ravidass Jl, per£orm&ng all the rellglous ceremonles and to conduct publlc wcr8h&p, prayers and rltes of births, death and Tnarrlages . awarenesB 0£ to provide guidance to those in need. to provide educatlonal facllities and religlous Studles REVIEW OF THE YEAR The Charlty continued all Its activltle8 throughout the year. This report is approved on behalf of the Executlve Committee (The Trustees I Any two 0£ the following are authorised to on behal£ of the Executive sign on Committee, The Presldent, General Secretary and Finance Secretary. WJ MR. A.R. DHANDA PRESIDENT MR. C.L. BADHAN FINANCE SECRETARY FATTU GENERAL SECRETARY DATED: SHRT GtJRU R￿VID￿ss SABHA CHARITY REGISTRATION NUMBBR 273317 Accoulrfs FOR THE YEAR E14DED 31ST AUGUST 2024 INDEPBNDENT EXAMINER'S REPORT TO THE TRUSTEES OF SHRI GURU FAVE DASS SABIIA report to the trustees on my examiation of the aecounts of the above charity (the trust) for the year ended 31st August 2024 Re8 onsibilities and basis 0£ re ort As the charity, s trustees, you are respon8ible tor the preparation ot the accounts in accordance with the requirerftent of the char￿tieS Act 2011 (the Actl report in respect of my examlnatlon of the Trusti accounts carried out unaer 8ection 145 0£ the 2011 Act and in earrylng out exaTnination, I have followed all the applicable Directions given by the Charity Commissionunder sectlon 145151 Ibl of the Act. Inde endent examiner, s statement The charity, s gross income exceeded £250, 000 and I am qualifled to undertake the examination by being a quallfled member of the Assoclatlon of Chartered Certlf led Accountant8. have completed my examlnation. I confirm that no rAaterial matters have come to my attentlon in connection wlth the examination whlch give8 me cause to belleve that in, any TfLaterial respect: the accountlng records were not kept in accordance with 8ectlon 130 of the Charltles Act: or the accounts did not accord with the accountlng records: or the accounts did not cornply with he applicable requirements concerning the £orTn and content of accounL8 Set out In the Charities l Accounts and Reportsl Regulation8 2008 other than any requlrement that the account8 glvea true and fair view which IB not a matter Considered as part ot an Independent examination. I have no concern8 and have come across no ther matter8 in connection with the examiation to which attention should be drawn order to enable a proper understanding of the accounts to be reached. Mr. S.S. Garcha Senior Statutory Audltor Garcha & Cc Chartered Certif led Accountants & statutory Auditors Heasleigh House 7 9a South Road Southall, Middlesex, UBI ISQ Date: lo. SHRI GURU PAVIDASS SABHA CIUUiITY REGISTRATION IIUMBER 273317 STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST AUGUST 2024 NOTES TOTAL TOTAL RESTRICTED UIqRESTRITED FUNDS FUNDS 2024 2023 INCOME AND EXPENDITURE INCOMING RESOURCES Charawa and donatlons Gift Aid ref und Rent 328, 498 32,208 106, 380 328,498 32,208 106, 380 321, 984 32,195 78,370 , TOTAL INCOMING RESOURCES 467, 086 467,086 432, 549 RESOURCES EXPEIqDED Dlrect .expenditure Fundraising and publlclty Management and admlnistration of the charity 395, 571 4,519 395, 571 4,519 326, 068 3,803 16,201 16,201 14,240 TOtAL RESOURCES EXPENDED 416, 291 416, 291 344, 111 NET INCOMING IOUTGOINGI RESOURCES FOR THE YEAR 50,795 50,795 88,438 Balance brought forward at I September 2023 2,487,711 2,399,274 BALA￿lCE CARRIED FORWARD AT 31Au ust 2024 2,538,506 2,487,712 All of the above results are derlved from contlnulng activltles. All gains and losses recognised in the year are included above. SHRI GURU RAVIDASS SABH CHARITY REGISTRATION NUMBER 2 73 3 17 BALANCE SHEET AS AT 31ST AUGUST 2024 2024 2023 NOTES FIXED ASSETS Tangible £ixed assets 2,296,152 2,282,266 CURRENT ASSETS Debtors and prepayments5 Cash at bank 57,913 188, 966 62,921 147, 048 246, 879 209, 969 LIABILITIES: Amounts £alllng due within one year 4,525 4,523 NET CURRENT ASSETS 242, 354 205,446 NET..ASSETS 2,538,506 2,487,712 FUNDS Unrestricted £und8 ReBtr&cted £und8 2,538,506 2,487,712 2,538,506 2,487,712 .'TheBe. .account8 were approved by the Board ot Trustees and signed on their behalf by MR. . R. DHANDA PRESIDENT MR. C.L. FINANCE SECRETARY . PATTU GENERAL SECRETARY DATED: SHRI GURU RAVIDASS SABHA CHARITY REGISTIUTIODT NUMBER 273317 NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST AUGUST 2024 . 2iCCOUNTING POLICIES These accounts have been prepared in accordance with the Charities Act 2011, Charity SORP FRS102 The accounts have been prepared under the historical cost basis. Income Income is included gross, without netting off any related expendlture. Int'ome'is generally recognised when the charity becomes entitled to the resources, when receipt is probable and when the monetary amount can be measured with Sufficent reliabilty. Specific policies relating to the charity's particular income sources are as follows: Donations are included in the Statement of Financial Activitie8 ISOFAI gross 0£ any related tax reclaim. edlture 'Liabilitles are included once the charity under a legal or constructlve obligation to tran8f er econorftic regoures. Costs of charitable actIvIt￿e8 include those costB directly attributable to actlvltles undertaken in pursuit of the charity, objects. Other expendlture includes governance c08t8 whlch Include all costs relatlng to complying wlth legal and regulatory requirment8. "Funds structure Unrestricted funds are those fund8 expendable at the discretlon 0£ the Trustees accordance with the char&table objects. Restricted £und8 may only be utlllsed In accordance w£th the wi8he8 0£ LILe auii¢JL' . Taxatlon As a reglstered charity, it is genèrally exernpt from income tax and capital gains tax on Its charltable actlvities, but not from VAT. Irrecoverable VAT Included in the cost of those items to which it relates. TLUStees' emoluments None 0£ the trustees have received any remuneration, expenses or .benetits from the charity. Related art transactlons There have been no related party transactions in the reporting pp.rind that require disclosure. SHRI GLIRU RAVIDASS SABHA CHARITY REGISTPATION NUMBER 273317 NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST AUGUST 2024 DOIqATIONS ADTD GIFTS 2024 2023 Donation8 328,498 321, 984 328,498 321, 984 RESOtJRCES EXPENDED RESTRICTED UNRESTRICTED FUNDS FUNDS TOTAL 2Q24 TOTAL 20?..3 Dlrect charitable ex Educational expenses Functional expenses Donations Water rate8 and council tax Cleanlng expenses Insurance Light and heat Repairs and maintenance Printlng and stat￿onarY cap￿taL expencliture Coach trip Postage enditure 1,080 215, 100 22,967 13,947 7,852 7,399 28,260 76,113 1,391 15,331 5,365 766 1,080 215, 100 22,967 13,947 7,852 7,399 28,260 76,113 1,391 15,331 5,365 766 1,421 199, 453 1,102 7,268 5,787 6,927 28,219 68,008 1,129 4,122 1, 650 982 395, 571 395, 571 326, 068 Fundrals in Advertl8ing and ubllcit 4,519 4,519 3,803 4,519 4,519 3,803 oment and AdministratLon 0£ Telephone and postage Prof esslonal £ees Planning f ees Bank charges and overaraft interest Estate agents commission Travelling expenses 3,460 4,S24 3,460 4,524 2,463 4,524 2,894 1, 684 2,675 2,028 6,116 73 2,028 6.116 73 16,201 16,201 14,240 SHRI GURU RAVIDASS SABHA CHARITY REGISTFATION NUMBER 273 3 17 NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST AUGUST 2024 TANGIBLE FIXED ASSETS Land and buildin Cost: At 1st September 2023 Additions 2,282,266 13,886 t 31st August 2D24 2,296,152 Depreclation.. At 1st September 2023 & At 31st August 2024 Net book value at 31st Augu8t 2024 £2,296,152 Net book value at 31st August 2023 £2,282,266 2024 2023 The.net book values 0£ land and buildlng comprise8: Freehold 2,296,152 2,282,266 The £unction hall belng extended at a cost ot £ 125, 626.29. The Inltial deposlt has been paid August 2024 and construction eommenced in August 2024 with completion by November 2024. DEBTORS 2024 2023 Debtors Other debtor8 Prepa3nnents 31,920 21,000 4,993 32,195 26,000 4,726 57,913 62,921 SHRI GURU RAVIDASS SABHA CHARITY REGISTPATION NUMBER 273317 NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST AUGUST 2024 CREDITORS AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Trade creditorB Other taxes and social security costs Accruals 4,524 4,524 4,525 4,523 MOVEMEiwf IN FUIqDS 2024 Balance as at 18t SepteTnber 2023 Unrestricted f unds IncoM￿ng Resource8 Regourccs Ilxpended Transfers: Flxed Asset 2,487,711 467, 086 1416, 2911 At 31st August 2024 2,538,506 Reetricted f unds TOTAL FUNDS 2,538,506 The unrestrlcted reserve8 of £188, 965 are held tor the funding needs of the charity.