**CHARITY REGISTRATION NUMBER: 0275993** ## **Shri Guru Ravidass Sangat Luton Bedfordshire Unaudited Financial Statements** **30 September 2020** Shri Guru Ravidass Sangat Luton Bedfordshire Financial Statements Year ended 30 September 2020 Page Trustees, annual reporl Independent examinerfs report to the tnjstees Slatement of financial activities Statement of financial position Noles lo Ihe linancial slatements The followlng pages do nol form part of the flnanclal statements Delailed statement ol financial activities 14 Notes to the detailed statement of financial activities 15 Shri Guru Ravidass Sangat Luton Bedfordshire Trustees, Annual Report Year ended 30 September 2020 The trustees present their rerM)rt and the unaudited financial statements ol the charity for the year ended 30 Septernber 2020. Reference and administrative details Reglslered charlty name Shri Guru Ravklass Sangat Luton Bedlordshire Charlty reglstratlon number 0275993 Principal office 31 card￿an Street Lulon Bedlordshire LU1 1RP Tho twste88 Mr Jagan Nath- chaI￿arSOn Mr 8 Dass Mr A S Lagah MrRLal Mrs K D Kainlh Independent examlner Durrani & Co 72 Cardigan Street Lulon Bedlordshire LU1 1RR Structure, governance and management The conslilulion provides lor a minimum ol three Iruslees. Where Ihefe is a requirement lor new Iruslees, these would be idenlilied and appointed by the remaining liuslees, subject lo the approval by AGM. The chair ol the Iruslees is responsible lor Ihe induction ol any new Iruslee which involves awareness ol a Iruslee's reswnsibility, the governing documenl, adminislralive procedures, the history and philosophical approach ol the charily. The Iruslees have taken steps lo idenlily major risks lo which the charily is expgsed and systems have been established lo mil￿ale Ihose risks. **Shri Guru Ravidass Sangat Luton Bedfordshire** **Trustees' Annual Report** _**(continued)**_ ## **Year ended 30 September 2020** ## **Objectives and activities** On constitution it was believed the cohesion and togetherness of the members of the Sikh faith in Luton required addressing. The charity began with an initial donation. Both the initial donation and subsequent donations since have been under the terms which allow the trustees to either retain the amounts as capital or to spend them. The objectives of the charity include; a) To bring together members of the Sikh community in Luton for deeper dialogue and cooperation b) To increase understanding and trust within the Sikh community, building on common ground between them yet respecting the unique contribution which each brings c) To work towards greater social cohesion and community integration in Luton d) To provide a place of worship for members of the local Sikh community ## **Achievements and performance** During the year the charity continued with its high profile charity work. This included: Day Centre Programme - Shri Guru Ravidass Wellbeing Club The members of the Sikh community alongside the charity and other communities participated in a day care programme where the elderly and vulnerable members of the local Sikh community where given shelter and warmth. This also ensured they had a local social community aswell as alleviating isolation. Cookery classes and tuition Here the charity organised many classes where local members of the community can attend and be taught cooking lessons. ## **Financial review** The net incoming resources for the year was a gain of £27,933 (2019 - £88,204). At the end of the financial year the reserves were £213,097 (2019 - £189, 193) of unrestricted funds and £13,921 (2019 - £9,892) of restricted funds. The adequacy of the reserves policy is reviewed annually. The trustees are satisfied that reserves are presently more than adequate to meet future expenditure. The reserves policy is to have reserves available in order to ensure the day to day operation continue into the foreseeable future. **2** **Trustees' Annual Report** _**(continued)**_ ## **Shri Guru Ravidass Sangat Luton Bedfordshire** ## **Year ended 30 September 2020** The trustees' annual report was approved on 29 July 2021 and signed on behalf of the board of trustees by: Mr Jagan Nath - Chairperson Trustee **3** Shri Guru Ravidass Sangat Luton Bedfordshire Independent Examiner's Report to the Truslees of Shri Guru Ravidass Sangat Luton Bedfordshire Year ended 30 September 2020 I report lo the Iruslees on my examination ol the financial statements ol Shri Guru Ravidass Sangal Lulon 8edlordshire I'lhe charity) lor the year ended 30 September 2020. Responslbllltles and ba$ls of report As the trustees ol the charity you are responsible for the Preparation of the linancial statements in accordance wth the requirements ol the Charities Act 20111'the Act'l. I report in respect of my examinalion ol th8 charivs linancial slalemenls carried out under section 145 ol Ihe 2011 Act and in carrwng out my examination I have lo110v￿ all the applicable Directions given by the Charity Commission under section 14515llbl ol the Act. Independent examlner's statement I have completed my examination. I conliTm that no material matters have come lo my att&nlion in connection wilh the examination giving me cause to ￿lIeVe that in any material respect.. accounting records were not kept in resr*th ol the charity as required by section 130 01 the Act., or the linancial stalements do not aexord with th0￿ Te¢ords'. or the financial slalemenls do not eomply wilh the applicable requirements concerning the form and conlenl ol accounls sel out in the Charities IAccounls and Re￿rts) Regulations 2008 other than any requiremenl Ihal the accounts give a 'lrue and lair. view which is not a maller COns￿er9d as part ol an independent examination. I have no con¢erns and have come across no other matters in Connection wlh the examination to which attention should be drawn in Ihis rewl in ￿￿er lo enable a proper undgrslanding ol th¢ accounts to be reached. Durrani & Co Independent Examiner 72 Cardigan SITeel Lulon Bedlordshire LU1 1RR Shri Guru Ravidass Sangat Luton Bedfordshire Statement of Financial Activities Year ended 30 September 2020 2020 Restricted funds Total fund$ 2019 Unrestrided funds Total funds Note Income and endowments Donations and legacies Other income 53.139 62.526 115.665 143,707 4,269 Total Income 53,139 62,526 115,665 147,976 Expenditure Expenditure on charitable activities Total expenditure 29,235 58,497 87.732 59,772 29,235 58,497 87,732 59,772 Net Income and net movement In lunds 23.gm 4.029 27.933 88,204 Reconclllallon ol lunds Total ILJnds brought forward Total funds carrled forward 189,193 9,892 199,085 110,881 213,097 13,921 227.018 199,085 The slalemenl ol financial activities incIL￿eS all gains and losses recognised in Ihe year. All income and expenditure derive from continuing aclivilies. The notes on pages 7 to 12 fowrn part of these financial statements. ## **Shri Guru Ravidass Sangat Luton Bedfordshire** ## **Statement of Financial Position** ## **30 September 2020** |**Statement of Financial Position**
**30 September 2020**|||| |---|---|---|---| |||**2020**|2019| ||**Note**||£| |**Fixed assets**|||| |Tangible fixed assets|**12**|188,249|2,860| |**Current assets**|||| |Cash at bank and in hand||39,619|197,025| |**Creditors: amounts falling due within one year**|**13**|850|800| |**Net current assets**||38,769|196,225| |**Total assets less current liabilities**||227,018|199,085| |**Net assets**||227,018|199,085| |**Funds of the charity**|||| |Restricted funds||13,921|9,892| |Unrestricted funds||213,097|189,193| |**Total charity funds**|**14**|227,018|199,085| These financial statements were approved by the board of trustees and authorised for issue on 29 July 2021, and are signed on behalf of the board by: _J_ .[�] . _NUVL_ Mr Jagan Nath - Chairperson Trustee **The notes on pages 7 to 12 form part of these financial statements.** **6** Shri Guru Ravidass Sangat Luton Bedfordshire Notes to the Financial Statements Year ended 30 September 2020 General Infomiatlon The charity is a public benefit entity arK4 a registered charity in England and Wales and is unincorporated. The addTess ol the principal office is 31 Cardigan Street, Lulon, Bedlordshire, LU1 3RP, England. Statement of compllance These financial statements have been prepared in compliance with FRS 102, The Financial Reporting Standard applicable In Ihe UK and the Republic ol Ireland,, the Statement ol Recommtsnded Practice applicable lo charities preparing their accounts in accordance with the Financial Rewrting Standard applicable in the UK and Republic ol Ireland IFRS 1021 Icharili8S SORP IFRS 10211 and the Charities Act 2011. A¢¢ountlng pollcles Basls of preparatlon The linancid slalemenls have been prepared on the historical cost basis, as m¢xlilied by the revaluation ol certain linancial assels and liabilities investment proFerties measured al lalr value through income or expendilure. The financial slalemenls are prepared in sterfing. which ￿ the functional currency ol the enlily. Golng concern There are no material uncertalnlies about the chariVs ability lo continue. Dlselosura •x•mptlon$ The entity salisligs th¢ Criteria ol boing a qualifying gnlily as defined in FRS 102. Its financial slatemenls are consolidat8d into thg linancial statements ol (enter name ol group financial slatemenlsl which ean be obiained from lènler detail). As such. advantage has been taken ol the following di8ck)sure exemptions available under paragraph 1.12 01 FRS 102.. lal No cash flow slalemenl has ￿en presented lor the company. Ibl Disclosures in respect ol linancial inslrumenls have not ￿en presenled. Fund accountlng Unrestricted lurmjs are available IOT use at the discretion ol the trustees lo further any ol the charilys purposes. Designated funds are unrestricted funds earmarked ty the trustees lor particular future project or commitment. Restricted lunds are subjected to restrictions on their expenditure declared by the donor or through the terms ol an appeal, and fall into one ol iwo Su￿laSseS.. restricted incoffle funds or endowrnent funds. Shri Guru Ravidass Sangat Luton Bedfordshire Notes to the Financial Statements leon11m￿) Year ended 30 September 2020 Accountlng pollcles (conllnwd) Incoming resources l incoming resources are included in the statement ol financial activities when enlillemenl has passed lo the charity., il is probable that the economic benefits associated with the transaction will flow lo the ¢harity and Ihe amount can be reliably measured. The following specific PDli¢ies are applied to particular categories ol income.. income from donations or grants is recognised when there is ev￿enCe ol enlillemenl lo the gift, receipt is probable and its amounl can be measured reliably. legacy inwme is recognised when receipt IS Probable arKI entrtlement is established. income from donated goods is measured al Ihe lair value ol the goods unless this is impraclical lo measure reliably. in which case the value is derived from the cost lo the donor or Ihe eslimaled resale value. Donated lacililies and seNices are recognised in the accounts when received il the value can be reliably measured. No amounts are included lor the onlribution ol general volunteers. income from contracts lor the supply of services is recognised with the delivery ol the conlracled service. This is classified as unreslricled funds unless there is a conlraclual rgquiremenl lor il lo be spenl on a particular rAJrpose and relumed il unspent. in which case il rnay be regarded as restricted. Resources expended Expenditure is recognised on an accfuals basis as a liab'lity is incurred. Expendilure includes any VAT which cannot be lully recovered. is classified under headings ol the slalemenl ol financial activities lo which it relates= Èxpenditure on raising lunds includes the costs ol all lundraising aclivilies, evènts, non- charitable trading aclivilies, ancl the sale ol donated goods. expenditure on charilable aclivities includes all cosls incurred by a charity in undertaking activities that lurther its charilable aims lor the benelit ol its beneficiaries, including those support costs arKI costs relating lo the governance ol the chanty apportioned lo charitable activities. olhgr expenditure includes all expenditure that is nerthgr rglalgd lo raising funds lor Ihg charity nor part ol ils expendilure on charitable activilies. All costs are albcated to expenditure categories rellecting the use ol the resource. Direct costs attributable to a single activity are allocated directly to that activty. Shared ¢osts are apKxirtioned between the aetwities they contribute to ¢)n a reasonable, justifiable and ¢onsislenl basis. Tangible assets Tangible assets are iniliany recorded at cosl, and subseqLJenUy stated at cosl less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded al the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Shri Guru Ravidass Sangat Luton Bedfordshire Notes to the Financial Statements leon11m￿) Year ended 30 September 2020 Accountlng pollcles (conllnwd) Tangible assels {wntin￿￿) An increase in the carrying amount ol an assel as a result ol a revaluation, is recognised in other recognised gains and losses, unless il reverses a charge lor impairment that has previously been recognised as expenditure within the slalemenl ol financial activities. A decrease in the Carrying amount ol an asset as a result of revaluation. is recognised in other recognised gains and losses. except to which it offsets any previous revaluation gain. in which case the loss is shown within other recognised gains and losses on the statemenl ol financial activities. Depreclalion Depreciation is calculated so as lo write off Ihe cost or valuation ol an asset, less ils residual value, over the uselul economic life ol that asset as follows.. Equipment 20% reducing balance Impalrment of flxed assets A review for indicators ol impairment is carried out at each reForting dale. with the recoverable amount being eslimaled where such indicators exist. Where the carrying value exceeds the recoverable amount, Ihe asset is impaired accordingly. Prior impairments are also reviewed lor P95siblo reversal at each reporting date. For the purposes ol impairment lesling. when it is not pjssible lo estimate the recoverable amount ol an individual assel. an estimate is made ol the recoverable amount ol the cash- generating unil lo which the asset belongs. The cash-generaling unil is the smallest idenliliable group ol assets that includes the asset and generates cash inflows that largely independent ol the cash inflows from olhor assets or groups ol assets. For impairmenl testing ol goo(hw'll, the goodwll acquired in a business combination is. from th¢ aequisition dale. allocaled to each ol the eash-generating unils thai are expected to bènefit from the synergies ot the combination, Irrespective ol whether other assets or liabilities ol the charlty are assigned lo those units. Donatlons and legacles UnreslTiCted Funds RestTlCted Total Funds Funds 2020 Donallons Donations type 1 53,139 62,526 115,665 Unrestricted FutKIs Reslricled Total Funds Funds 2019 Don8tlons Donations type 1 118,988 24,719 143,707 Shri Guru Ravidass Sangat Luton Bedfordshire Notes to the Financial Statements leon11m￿) Year ended 30 September 2020 Other Income Unrestricted Total Funds Llnrestricted Total Funds Funds 2020 Funds 2019 Other income M)e 1 4.269 4,269 Expendllure on charflable actlvltles by lund type Unrestricted FurKIs Restricted Total Fund8 Funds 2020 Activity type 1 sU￿rt costs 22.388 6,847 13.360 45.137 35.748 51,984 29,235 58,497 87,732 Unresliicted Funds Reslricled Total Funds Funds 2019 Activity type 1 Support costs 32,266 12,679 6.319 8.508 38,585 21,187 44,945 14.827 59,772 Expendllure on ¢h•rflabl¢ a¢tlvltlo$ by a¢tlvlty ty Activities undertaken diTeclly SuFWrt cost$ Total lunds 2020 Total fund 2019 Activity type 1 Governance costs 35,748 35,748 51.984 38,585 21,187 51,984 35,748 51,984 87,732 59,772 Net Income Nel income is slate(l after chargingllcredttiwJl: 2020 2019 Depreciation ol tangible fixed asseis 572 714 Independent examination fees 2020 2019 Fees payable lo the independent examiner tor.. Independent examination ol the financial slalemenls 850 800 10 Shri Guru Ravidass Sangat Luton Bedfordshire Notes to the Financial Statements leon11m￿) Year ended 30 September 2020 10. Statl costs The total staff costs and employee beneftts for the reporting period are analysed as follows.. 2020 2019 Wages and salari8S 8,508 The average head counl ol employees during Ihe year was Nil12019: 11. No employee received employee benelits of more Ihan £60,000 during the year12019.' Nill. 11. Trustee remuneratlon and expenses no remuneration or other benefits Irom employThenl with the charity or a related enlily were received by the Iruslees," or 12. Tanglble Ilxed assets Frgghold pro￿rtY Equipment Total ¢o¥t Al 1 October 2019 Additions 6.522 6,522 185,961 185,961 AI 30 S•ptèmbor 2020 Depreclollon Al 1 October 2019 Charge lor the year AI 30 September 2020 Carrylng amount At 30 September 2020 AI 30 Seplemter 2019 185,961 6.522 192,483 3,662 572 3.662 572 4,234 4.234 185.961 2.288 188.249 2,860 2,860 13. Credltors: amounts falllng due within onè year 2020 2019 Accruals and deferred income 850 800 Shri Guru Ravidass Sangat Luton Bedfordshire Notes to the Financial Statements leon11m￿) Year ended 30 September 2020 14. Analysls of charltable funds Unrestricted funds Al 1 Octob8r 201 Al 30 Septembe r 2020 Income Expenditure General lurKIs 189,193 53.139 129,2351 213,097 At 1 October 201 At 30 September 2019 Incomè Ex￿ndItUre General funds 110.881 123,257 144,9451 189,193 Restrlcted lunds Al 1 October 201 At 30 S8ptemb8 r 2020 Income Expenditure Reslricled Fund 1 desc in alcs 9,892 62.526 158,4971 13,921 Al l October 201 Al 30 Seplemb&r 2019 Income Exp8ndilure Reslricled Fur￿ 1 desc in ajcs 24,719 114,8271 9,892 15. Analyslg ol net assets between funds Unrestricted Totsl Fund8 Funds 2020 Tangible fixed assets Current assets Creditors less Ihan 1 year Net assets 188.248 39.620 18501 227,018 188,248 39,620 18501 227,018 Unreslricled Total Funds Funds 2019 Tangible fixed assets Current assets Creditors less than 1 year Net assets 2,860 197,025 18001 199,085 2,860 197.025 18001 199,085 12 Shri Guru Ravidass Sangat Luton Bedfordshire Management Information Year ended 30 September 2020 The lollowlng pages do not lorn) part of the flnanclal statemen 13 Shri Guru Ravidass Sangat Luton Bedfordshire Detailed Statement of Financial Activities Year ended 30 September 2020 2020 2019 Income and endowmenls Donations and legacies Donations type 1 115.665 143,707 Other Income Other in¢ome type 1 4,269 Total income 115,665 147.976 Expondltur ExpendSture on ¢harStable actlvllles Wages and salaries Rates and water Light and heal Repairs and maintenance Insurance l.T Classes Lunch club Other molorltravel costs Legal and professional lees Telephone Other office costs Depreciation Other interèst payable and similar charges Sundry expenses Grants and donations Classes and events Garden project 8,508 421 2,625 3.395 1.206 6.319 297 1.631 45.963 1,922 880 665 800 266 3,475 715 850 365 99 572 125 160 5.134 17.254 12.480 1,905 1,218 28,254 87.732 59,772 Tolol expendlture 87,732 59.772 Net Income 27.933 88,204 14 Shri Guru Ravidass Sangat Luton Bedfordshire Notes to the Detailed Statement of Financial Activities Year ended 30 September 2020 2020 2019 Expenditure on charitablo aclivilies Aclivily lype 1 Activltles undertaken dlrectly Direct ¢harilable aclivily 1 IT ¢lass Direct ¢haritable activity 1 lunch Club Direct charitable activity 1 eventslcoach hire Direct charitable activity 1 other office costs Direct charitable activity 1 langer and food Direct charitable activity 1 grants and donalions Direct charitable activity 1 classes and events Direct charitable activity 1 garden project 6,319 880 665 536 1.593 1,218 28,254 5,134 17.254 12.480 35.748 38,585 Governance costs Governance costs - wageslsalaries Governance costs - rates & wal Governance costs - lighl & heal Governance costs - repairs & maintenance Governance Costs . insurance Governance costs - accountancy lees Governance costs - telephone Governance costs - other olliee costs Governance costs depreciation Governance costs - other finance costs Governance costs - sundry exp8 8,508 421 2,625 3,395 1,206 800 266 2,939 715 297 1.631 45.963 1.922 850 365 99 572 125 160 312 51,984 21,187 Expendlture on charltable actlvltles 87.732 59,772 15