2021-09-30-accounts - Shri Guru Ravidass Sangat Luton Bedfordshire

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CHARITY REGISTRATION NUMBER: 0275993

Shri Guru Ravidass Sangat Luton Bedfordshire Unaudited Financial Statements 30 September 2021

Shri Guru Ravidass Sangat Luton Bedfordshire

Financial Statements

Year ended 30 September 2021

	Page
Trustees' annual report	1
Independent examiner's report to the trustees	4
Statement of financial activities	5
Statement of financial position	6
Notes to the financial statements	7
The following pages do not form part of the financial statements
Detailed statement of 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 2021

The trustees present their report and the unaudited financial statements of the charity for the year ended 30 September 2021.

Reference and administrative details

Registered charity name Shri Guru Ravidass Sangat Luton Bedfordshire Charity registration number 0275993 Principal office 31 Cardigan Street Luton Bedfordshire LU1 1RP The trustees Mr Jagan Nath - Chairperson Mr B Dass Mr A S Lagah Mr R Lal Mrs K D Kainth Independent examiner Durrani & Co 72 Cardigan Street Luton Bedfordshire LU1 1RR

Structure, governance and management

The constitution provides for a minimum of three trustees. Where there is a requirement for new trustees, these would be identified and appointed by the remaining trustees, subject to the approval by AGM. The chair of the trustees is responsible for the induction of any new trustee which involves awareness of a trustee’s responsibility, the governing document, administrative procedures, the history and philosophical approach of the charity. The trustees have taken steps to identify major risks to which the charity is exposed and systems have been established to mitigate those risks.

Shri Guru Ravidass Sangat Luton Bedfordshire

Trustees' Annual Report (continued)

Year ended 30 September 2021

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

The members of the Sikh community alongside the charity 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.

Cookery classes and tuition

Here the charity organised many classes where local members of the Sikh community can attend and be taught cooking lessons.

Financial review

The net incoming resources for the year was a gain of £23,951 (2020 – £27,933). At the end of the financial year the reserves were £231,565 (2020 - £213,097) of unrestricted funds and £19,404 (2020 - £13,921) 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.

Shri Guru Ravidass Sangat Luton Bedfordshire

Trustees' Annual Report (continued)

Year ended 30 September 2021

The trustees' annual report was approved on 26 July 2022 and signed on behalf of the board of trustees by:

J .[�] . NUVL

Mr Jagan Nath - Chairperson Trustee

Shri Guru Ravidass Sangat Luton Bedfordshire

Independent Examiner's Report to the Trustees of Shri Guru Ravidass Sangat Luton Bedfordshire

Year ended 30 September 2021

I report to the trustees on my examination of the financial statements of Shri Guru Ravidass Sangat Luton Bedfordshire ('the charity') for the year ended 30 September 2021.

Responsibilities and basis of report

As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (‘the Act’).

I report in respect of my examination of the charity's financial statements carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner's statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination 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 financial statements do not accord with those records; or
the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair' view which is not a matter considered as part of an independent examination.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Durrani & Co Independent Examiner

72 Cardigan Street Luton Bedfordshire LU1 1RR

Shri Guru Ravidass Sangat Luton Bedfordshire

Statement of Financial Activities

Year ended 30 September 2021

			2021		2020
		Unrestricted	Restricted
		funds	funds	Total funds	Total funds
	Note	£	£	£	£
Income and endowments
Donations and legacies	4	62,420	38,254	100,674	115,665
Other income	5	2,100	–	2,100	–
		`────────`	`────────`	`─────────`	`─────────`
Total income		64,520	38,254	102,774	115,665
		`════════`	`════════`	`═════════`	`═════════`
Expenditure
Expenditure on charitable activities	6,7	46,052	32,771	78,823	87,732
		`────────`	`────────`	`─────────`	`─────────`
Total expenditure		46,052	32,771	78,823	87,732
		`════════`	`════════`	`═════════`	`═════════`
		`────────`	`────────`	`─────────`	`─────────`
Net income and net movement in	funds	18,468	5,483	23,951	27,933
		`════════`	`════════`	`═════════`	`═════════`
Reconciliation of funds
Total funds brought forward		213,097	13,921	227,018	199,085
		`─────────`	`────────`	`─────────`	`─────────`
Total funds carried forward		231,565	19,404	250,969	227,018
		`═════════`	`════════`	`═════════`	`═════════`

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

The notes on pages 7 to 12 form part of these financial statements.

Shri Guru Ravidass Sangat Luton Bedfordshire

Statement of Financial Position

30 September 2021

		2021	2020
	Note	£	£
Fixed assets
Tangible fixed assets	12	188,367	188,249
Current assets
Cash at bank and in hand		63,802	39,619
Creditors: amounts falling due within one year	13	1,200	850
		`────────`	`────────`
Net current assets		62,602	38,769
		`─────────`	`─────────`
Total assets less current liabilities		250,969	227,018
		`─────────`	`─────────`
Net assets		250,969	227,018
		`═════════`	`═════════`
Funds of the charity
Restricted funds		19,404	13,921
Unrestricted funds		231,565	213,097
		`─────────`	`─────────`
Total charity funds	14	250,969	227,018
		`═════════`	`═════════`

These financial statements were approved by the board of trustees and authorised for issue on 26 July 2022, and are signed on behalf of the board by:

Mr Jagan Nath - Chairperson Trustee

The notes on pages 7 to 12 form part of these financial statements.

Shri Guru Ravidass Sangat Luton Bedfordshire

Notes to the Financial Statements

Year ended 30 September 2021

1. General information

The charity is a public benefit entity and a registered charity in England and Wales and is unincorporated. The address of the principal office is 31 Cardigan Street, Luton, Bedfordshire, LU1 3RP, England.

2. Statement of compliance

These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Charities Act 2011.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

There are no material uncertainties about the charity's ability to continue.

Disclosure exemptions

The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. Its financial statements are consolidated into the financial statements of (enter name of group financial statements) which can be obtained from (enter detail). As such, advantage has been taken of the following disclosure exemptions available under paragraph 1.12 of FRS 102:

(a) No cash flow statement has been presented for the company.

(b) Disclosures in respect of financial instruments have not been presented.

Fund accounting

Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.

Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment.

Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.

Shri Guru Ravidass Sangat Luton Bedfordshire

Notes to the Financial Statements (continued)

Year ended 30 September 2021

3. Accounting policies (continued)

Incoming resources

All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:

income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.
legacy income is recognised when receipt is probable and entitlement is established.
income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers.
income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.

Resources expended

Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:

expenditure on raising funds includes the costs of all fundraising activities, events, non-charitable trading activities, and the sale of donated goods.
expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.
other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.

All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at 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 (continued)

Year ended 30 September 2021

3. Accounting policies (continued)

Tangible assets (continued)

An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless it reverses a charge for impairment that has previously been recognised as expenditure within the statement of financial activities. A decrease in the carrying amount of 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 statement of financial activities.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Equipment - 20% reducing balance

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.

For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the charity are assigned to those units.

4. Donations and legacies

	Unrestricted	Restricted	Total Funds
	Funds	Funds	2021
	£	£	£
Donations
Donations type 1	42,592	38,254	80,846
Grants
Gift aid	19,828	–	19,828
	`────────`	`────────`	`─────────`
	62,420	38,254	100,674
	`════════`	`════════`	`═════════`
	Unrestricted	Restricted	Total Funds
	Funds	Funds	2020
	£	£	£
Donations
Donations type 1	53,139	62,526	115,665

Shri Guru Ravidass Sangat Luton Bedfordshire

Notes to the Financial Statements (continued)

Year ended 30 September 2021

4. Donations and legacies (continued)

			Unrestricted	Restricted	Total Funds
			Funds	Funds	2020
			£	£	£
	Grants
	Gift aid		–	–	–
			`────────`	`────────`	`─────────`
			53,139	62,526	115,665
			`════════`	`════════`	`═════════`
5.	Other income
		Unrestricted	Total Funds	Unrestricted	Total Funds
		Funds	2021	Funds	2020
		£	£	£	£
	Other income type 1	2,100	2,100	–	–
		`═══════`	`═══════`	`════`	`════`
6.	Expenditure on charitable activities	by fund type
			Unrestricted	Restricted	Total Funds
			Funds	Funds	2021
			£	£	£
	Activity type 1		2,034	32,771	34,805
	Support costs		44,018	–	44,018
			`────────`	`────────`	`────────`
			46,052	32,771	78,823
			`════════`	`════════`	`════════`
			Unrestricted	Restricted	Total Funds
			Funds	Funds	2020
			£	£	£
	Activity type 1		22,388	13,360	35,748
	Support costs		6,847	45,137	51,984
			`────────`	`────────`	`────────`
			29,235	58,497	87,732
			`════════`	`════════`	`════════`
7.	Expenditure on charitable activities	by activity type
		Activities
		undertaken		Total funds	Total fund
		directly	Support costs	2021	2020
		£	£	£	£
	Activity type 1	34,805	–	34,805	35,748
	Governance costs	–	44,018	44,018	51,984
		`────────`	`────────`	`────────`	`────────`
		34,805	44,018	78,823	87,732
		`════════`	`════════`	`════════`	`════════`
8.	Net income
	Net income is stated after charging/(crediting):
				2021	2020
				£	£
	Depreciation of tangible fixed assets			615	572
				`════`	`════`

Shri Guru Ravidass Sangat Luton Bedfordshire

Notes to the Financial Statements (continued)

Year ended 30 September 2021

9. Independent examination fees

	2021	2020
	£	£
Fees payable to the independent examiner for:
Independent examination of the financial statements	1,200	850
	`═══════`	`════`

10. Staff costs

The total staff costs and employee benefits for the reporting period are analysed as	The total staff costs and employee benefits for the reporting period are analysed as	follows:
	2021	2020
	£	£
Wages and salaries	12,463	–
	`════════`	`════`

The average head count of employees during the year was 1 (2020: Nil).

No employee received employee benefits of more than £60,000 during the year (2020: Nil).

11. Trustee remuneration and expenses

no remuneration or other benefits from employment with the charity or a related entity were
received by the trustees; or

no trustee expenses have been incurred.

12. Tangible fixed assets

13.

	Freehold
	property	Equipment	Total
	£	£	£
Cost
At 1 October 2020	185,961	6,522	192,433
Additions	–	783	783
	`─────────`	`───────`	`─────────`
At 30 September 2021	185,911	7,305	193,216
	`═════════`	`═══════`	`═════════`
Depreciation
At 1 October 2020	–	4,234	4,234
Charge for the year	–	615	615
	`─────────`	`───────`	`─────────`
At 30 September 2021	–	4,849	4,849
	`═════════`	`═══════`	`═════════`
Carrying amount
At 30 September 2021	185,911	2,456	188,367
	`═════════`	`═══════`	`═════════`
At 30 September 2020	185,961	2,288	188,199
	`═════════`	`═══════`	`═════════`
Creditors: amounts falling due within one year
		2021	2020
		£	£
Accruals and deferred income		1,200	850
		`═══════`	`════`

Shri Guru Ravidass Sangat Luton Bedfordshire

Notes to the Financial Statements (continued)

Year ended 30 September 2021

14. Analysis of charitable funds

Unrestricted funds

	Unrestricted funds
					At
		At			30 September
		1 October 2020	Income	Expenditure	2021
		£	£	£	£
	General funds	213,097	64,520	(46,052)	231,565
		`═════════`	`════════`	`════════`	`═════════`
					At
		At		30 September
		1 October 2019	Income	Expenditure	2020
		£	£	£	£
	General funds	189,193	53,139	(29,235)	213,097
		`═════════`	`════════`	`════════`	`═════════`
	Restricted funds
					At
		At			30 September
		1 October 2020	Income	Expenditure	2021
		£	£	£	£
	Restricted Fund 1 - desc in a/cs	13,921	38,254	(32,771)	19,404
		`════════`	`════════`	`════════`	`════════`
					At
		At		30 September
		1 October 2019	Income	Expenditure	2020
		£	£	£	£
	Restricted Fund 1 - desc in a/cs	9,892	62,526	(58,497)	13,921
		`═══════`	`════════`	`════════`	`════════`
15.	Analysis of net assets between	funds
				Unrestricted	Total Funds
				Funds	2021
				£	£
	Tangible fixed assets			188,367	188,367
	Current assets			63,802	63,802
	Creditors less than 1 year			(1,200)	(1,200)
				`─────────`	`─────────`
	Net assets			250,969	250,969
				`═════════`	`═════════`
				Unrestricted	Total Funds
				Funds	2020
				£	£
	Tangible fixed assets			188,248	188,248
	Current assets			39,620	39,620
	Creditors less than 1 year			(850)	(850)
				`─────────`	`─────────`
	Net assets			227,018	227,018
				`═════════`	`═════════`

16. Related parties

There were no related party transactions during the period.

Shri Guru Ravidass Sangat Luton Bedfordshire

Year ended 30 September 2021

Management Information

The following pages do not form part of the financial statements.

Shri Guru Ravidass Sangat Luton Bedfordshire

Detailed Statement of Financial Activities

Year ended 30 September 2021

	2021	2020
	£	£
Income and endowments
Donations and legacies
Donations type 1	80,846	115,665
Gift aid	19,828	–
	`─────────`	`─────────`
	100,674	115,665
	`─────────`	`─────────`
Other income
Other income type 1	2,100	–
	`───────`	`────`
	`─────────`	`─────────`
Total income	102,774	115,665
	`═════════`	`═════════`
Expenditure
Expenditure on charitable activities
I.T classes	7,660	–
Lunch club and langer	604	880
Grants and donations	1,430	5,134
Classes and events	19,673	17,254
Garden project	5,438	12,480
Wages and salaries	12,463	–
Rates and water	537	297
Light and heat	1,792	1,631
Repairs and maintenance	20,897	45,963
Insurance	1,966	1,922
Legal and professional fees	1,890	850
Telephone	395	365
Printing, postage and stationery	3,464	99
Depreciation	614	572
Other interest payable and similar charges	–	125
Sundry expenses	–	160
	`─────────`	`─────────`
	78,823	87,732
	`─────────`	`─────────`
	`────────`	`────────`
Total expenditure	78,823	87,732
	`════════`	`════════`
	`────────`	`────────`
Net income	23,951	27,933
	`════════`	`════════`

Shri Guru Ravidass Sangat Luton Bedfordshire

Notes to the Detailed Statement of Financial Activities

Year ended 30 September 2021

	2021	2020
	£	£
Expenditure on charitable activities
Activity type 1
*Activities undertaken directly*
Direct charitable activity 1 - IT class	7,660	–
Direct charitable activity 1 - lunch club and langer	604	880
Direct charitable activity 1 - grants and donations	1,430	5,134
Direct charitable activity 1 - classes and events	19,673	17,254
Direct charitable activity 1 - garden project	5,438	12,480
	`────────`	`────────`
	34,805	35,748
	`────────`	`────────`
Governance costs
Governance costs - wages/salaries	12,463	–
Governance costs - rates & water	537	297
Governance costs - light & heat	1,792	1,631
Governance costs - repairs & maintenance	20,897	45,963
Governance costs - insurance	1,966	1,922
Governance costs - accountancy fees	1,200	850
Governance costs - bookkeeping and secretarial	690	–
Governance costs - telephone	395	365
Governance costs - printing, postage and stationery	3,464	99
Governance costs - depreciation	614	572
Governance costs - other finance costs	–	125
Governance costs - sundry expenses	–	160
	`────────`	`────────`
	44,018	51,984
	`────────`	`────────`
	`────────`	`────────`
Expenditure on charitable activities	78,823	87,732
	`════════`	`════════`