**CHARITY REGISTRATION NUMBER: 275993** 

## **Shri Guru Ravidass Sangat Luton Bedfordshire Unaudited Financial Statements 30 September 2022** 



**Shri Guru Ravidass Sangat Luton Bedfordshire** 

## **Financial Statements** 

## **Year ended 30 September 2022** 

||**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 2022** 

The trustees present their report and the unaudited financial statements of the charity for the year ended 30 September 2022. 

## **Reference and administrative details** 

**Registered charity name** Shri Guru Ravidass Sangat Luton Bedfordshire **Charity registration number** 275993 **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. 

**1** 



## **Shri Guru Ravidass Sangat Luton Bedfordshire** 

## **Trustees' Annual Report** _**(continued)**_ 

## **Year ended 30 September 2022** 

## **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 £21,440 (2021 – £23,951). At the end of the financial year the reserves were £254,897 (2021 - ££231,565) of unrestricted funds and £17,510 (2021 - £19,404) 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** 



## **Shri Guru Ravidass Sangat Luton Bedfordshire** 

**Trustees' Annual Report** _**(continued)**_ 

## **Year ended 30 September 2022** 

The trustees' annual report was approved on 12 June 2023 and signed on behalf of the board of trustees by: 

## _J_[�] . _NUVL_ 

Mr Jagan Nath - Chairperson Trustee 

**3** 



**Shri Guru Ravidass Sangat Luton Bedfordshire** 

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

## **Year ended 30 September 2022** 

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 2022. 

## **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: 

1. accounting records were not kept in respect of the charity as required by section 130 of the Act; or 

2. the financial statements do not accord with those records; or 

3. 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 

**4** 



## **Shri Guru Ravidass Sangat Luton Bedfordshire** 

## **Statement of Financial Activities** 

## **Year ended 30 September 2022** 

||||**2022**||2021|
|---|---|---|---|---|---|
|||Unrestricted|Restricted|||
|||funds|funds|**Total funds**|Total funds|
||**Note**|**£**|**£**|**£**|£|
|**Income and endowments**||||||
|Donations and legacies|**4**|36,054|38,865|74,918|100,674|
|Other income|**5**|13,778|–|13,778|2,100|
|||`────────`|`────────`|`────────`|`─────────`|
|**Total income**||49,832|38,865|88,696|102,774|
|||`════════`|`════════`|`════════`|`═════════`|
|**Expenditure**||||||
|Expenditure on charitable activities|**6,7**|26,500|40,758|67,256|78,823|
|||`────────`|`────────`|`────────`|`─────────`|
|**Total expenditure**||26,500|40,758|67,256|78,823|
|||`════════`|`════════`|`════════`|`═════════`|
|||`────────`|`────────`|`────────`|`─────────`|
|**Net income and net movement in**|**funds**|23,332|(1,893)|21,440|23,951|
|||`════════`|`════════`|`════════`|`═════════`|
|**Reconciliation of funds**||||||
|Total funds brought forward||231,565|19,403|250,968|227,018|
|||`─────────`|`────────`|`─────────`|`─────────`|
|**Total funds carried forward**||254,897|17,510|272,407|250,969|
|||`═════════`|`════════`|`═════════`|`═════════`|



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.** 

**5** 



**Shri Guru Ravidass Sangat Luton Bedfordshire** 

## **Statement of Financial Position** 

## **30 September 2022** 

|||**2022**|2021|
|---|---|---|---|
||**Note**|**£**|£|
|**Fixed assets**||||
|Tangible fixed assets|**12**|187,876|188,367|
|**Current assets**||||
|Cash at bank and in hand||86,933|63,802|
|**Creditors: amounts falling due within one year**|**13**|2,400|1,200|
|||`────────`|`────────`|
|**Net current assets**||84,532|62,602|
|||`─────────`|`─────────`|
|**Total assets less current liabilities**||272,408|250,969|
|||`─────────`|`─────────`|
|**Net assets**||272,408|250,969|
|||`═════════`|`═════════`|
|**Funds of the charity**||||
|Restricted funds||17,510|19,404|
|Unrestricted funds||254,897|231,565|
|||`─────────`|`─────────`|
|**Total charity funds**|**14**|272,407<br>`═════════`|250,969<br>`═════════`|



These financial statements were approved by the board of trustees and authorised for issue on 12 June 2023, 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.** 

**6** 



**Shri Guru Ravidass Sangat Luton Bedfordshire** 

## **Notes to the Financial Statements** 

## **Year ended 30 September 2022** 

## **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. 

**7** 



**Shri Guru Ravidass Sangat Luton Bedfordshire** 

## **Notes to the Financial Statements** _**(continued)**_ 

## **Year ended 30 September 2022** 

## **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. 

**8** 



**Shri Guru Ravidass Sangat Luton Bedfordshire** 

## **Notes to the Financial Statements** _**(continued)**_ 

## **Year ended 30 September 2022** 

## **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|**2022**|
||£|£|**£**|
|**Donations**||||
|Donations type 1|19,946|38,865|58,810|
|**Grants**||||
|Gift aid|16,108|–|16,108|
||`────────`|`────────`|`────────`|
||36,054|38,865|74,918|
||`════════`|`════════`|`════════`|
||Unrestricted|Restricted|Total Funds|
||Funds|Funds|2021|
||£|£|£|
|**Donations**||||
|Donations type 1|42,592|38,254|80,846|



**9** 



## **Shri Guru Ravidass Sangat Luton Bedfordshire** 

## **Notes to the Financial Statements** _**(continued)**_ 

## **Year ended 30 September 2022** 

## **4. Donations and legacies** _**(continued)**_ 

||||Unrestricted|Restricted|Total Funds|
|---|---|---|---|---|---|
||||Funds|Funds|2021|
||||£|£|£|
||**Grants**|||||
||Gift aid||19,828|–|19,828|
||||`────────`|`────────`|`─────────`|
||||62,420|38,254|100,674|
||||`════════`|`════════`|`═════════`|
|**5.**|**Other income**|||||
|||Unrestricted|<br>**Total Funds**|Unrestricted|Total Funds|
|||Funds|<br>**2022**|Funds|2021|
|||£|**£**|£|£|
||Other income type 1|13,778|<br>13,778|2,100|2,100|
|||`════════`|<br>`════════`|`═══════`|`═══════`|
|**6.**|**Expenditure on charitable activities by fund type**|||||
||||Unrestricted|Restricted|**Total Funds**|
||||Funds|Funds|**2022**|
||||£|£|**£**|
||Activity type 1||1,354|5,906|7,260|
||Support costs||25,146|34,852|59,996|
||||`────────`|`────────`|`────────`|
||||26,500|40,758|67,256|
||||`════════`|`════════`|`════════`|
||||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|
||||`════════`|`════════`|`════════`|
|**7.**|**Expenditure on charitable activities by activity type**|||||
|||Activities||||
|||undertaken||**Total funds**|Total fund|
|||directly|Support costs|**2022**|2021|
|||£|£|**£**|£|
||Activity type 1|7,260|<br>–|7,260|34,805|
||Governance costs|–|<br>59,996|59,996|44,018|
|||`───────`|<br>`────────`|`────────`|`────────`|
|||7,260|<br>59,996|67,256|78,823|
|||`═══════`|<br>`════════`|`════════`|`════════`|



## **8. Net income** 

Net income is stated after charging/(crediting): 

Depreciation of tangible fixed assets 

|**2022**|2021|
|---|---|
|**£**|£|
|491|615|
|`════`|`════`|



**10** 



**Shri Guru Ravidass Sangat Luton Bedfordshire** 

## **Notes to the Financial Statements** _**(continued)**_ 

## **Year ended 30 September 2022** 

## **9. Independent examination fees** 

||**2022**|2021|
|---|---|---|
||**£**|£|
|Fees payable to the independent examiner for:|||
|Independent examination of the financial statements|1,200<br>`═══════`|1,200<br>`═══════`|



## **10. Staff costs** 

The average head count of employees during the year was Nil (2021: 1). 

No employee received employee benefits of more than £60,000 during the year (2021: 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** 

||Freehold|||
|---|---|---|---|
||property|Equipment|**Total**|
||£|£|**£**|
|**Cost**||||
|**At 1 October 2021 and 30 September 2022**|185,911|7,305|193,216|
||`═════════`|`═══════`|`═════════`|
|**Depreciation**||||
|At 1 October 2021|–|4,849|4,849|
|Charge for the year|–|491|491|
||`─────────`|`───────`|`─────────`|
|**At 30 September 2022**|–|5,340|5,340|
||`═════════`|`═══════`|`═════════`|
|**Carrying amount**||||
|**At 30 September 2022**|185,911|1,965|187,876|
||`═════════`|`═══════`|`═════════`|
|At 30 September 2021|185,911|2,456|188,367|
||`═════════`|`═══════`|`═════════`|
|**Creditors:** **amounts falling due within one year**||||
|||**2022**|2021|
|||**£**|£|
|Accruals and deferred income||2,400|1,200|
|||`═══════`|`═══════`|



## **13. Creditors: amounts falling due within one year** 

**11** 



## **Shri Guru Ravidass Sangat Luton Bedfordshire** 

## **Notes to the Financial Statements** _**(continued)**_ 

## **Year ended 30 September 2022** 

## **14. Analysis of charitable funds** 

## **Unrestricted funds** 

||**Unrestricted funds**|||||
|---|---|---|---|---|---|
||||||**At**|
|||At||**30**|**September**|
||1|October 2021|Income|Expenditure|**2022**|
|||£|£|£|£|
||General funds|231,565|49,832|(26,500)|254,897|
|||`═════════`|`════════`|<br>`════════`|`═════════`|
||||||At|
|||At||30 September||
||1 October 2020||Income|Expenditure|2021|
|||£|£|£|£|
||General funds|213,097|64,520|(46,052)|231,565|
|||`═════════`|`════════`|`════════`|`═════════`|
||**Restricted funds**|||||
||||||**At**|
|||At||**30**|**September**|
||1 October 2021||Income|Expenditure|**2022**|
|||£|£|£|£|
||Restricted Fund 1 - desc in a/cs|19,403|38,865|(40,758)|17,510|
|||`════════`|`════════`|<br>`════════`|`════════`|
||||||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|
|||`════════`|`════════`|<br>`════════`|`════════`|
|**15.**|**Analysis of net assets between funds**|||||
|||||Unrestricted|**Total Funds**|
|||||Funds|**2022**|
|||||£|**£**|
||Tangible fixed assets|||187,876|187,876|
||Current assets|||86,932|86,932|
||Creditors less than 1 year|||(2,400)|(2,400)|
|||||`─────────`|`─────────`|
||**Net assets**|||272,408|272,408|
|||||`═════════`|`═════════`|
|||||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|
|||||`═════════`|`═════════`|



## **16. Related parties** 

There were no related party transactions during the period. 

**12** 



**Shri Guru Ravidass Sangat Luton Bedfordshire** 

## **Management Information** 

## **Year ended 30 September 2022** 

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

**13** 



## **Shri Guru Ravidass Sangat Luton Bedfordshire** 

## **Detailed Statement of Financial Activities** 

## **Year ended 30 September 2022** 

||**2022**|2021|
|---|---|---|
||**£**|£|
|**Income and endowments**|||
|**Donations and legacies**|||
|Donations type 1|58,810|80,846|
|Gift aid|16,108|19,828|
||`────────`|`─────────`|
||74,918|100,674|
||`────────`|`─────────`|
|**Other income**|||
|Other income type 1|13,778|2,100|
||`────────`|`───────`|
||`────────`|`─────────`|
|**Total income**|88,696|102,774|
||`════════`|`═════════`|
|**Expenditure**|||
|**Expenditure on charitable activities**|||
|Wages and salaries|–|12,463|
|Rates and water|378|537|
|Light and heat|2,306|1,792|
|Repairs and maintenance|52,677|20,897|
|Insurance|1,950|1,966|
|I.T classes|2,520|7,660|
|Lunch club and langer|415|604|
|Legal and professional fees|1,500|1,890|
|Telephone|456|395|
|Other office costs|238|3,464|
|Depreciation|491|614|
|Grants and donations|1,354|1,430|
|Classes and events|2,971|19,673|
|Garden project|–|5,438|
||`────────`|`─────────`|
||67,256|78,823|
||`────────`|`─────────`|
||`────────`|`────────`|
|**Total expenditure**|67,256|78,823|
||`════════`|`════════`|
||`────────`|`────────`|
|**Net income**|21,440|23,951|
||`════════`|`════════`|



**14** 



## **Shri Guru Ravidass Sangat Luton Bedfordshire** 

## **Notes to the Detailed Statement of Financial Activities** 

## **Year ended 30 September 2022** 

||**2022**|2021|
|---|---|---|
||**£**|£|
|**Expenditure on charitable activities**|||
|**Activity type 1**|||
|**_Activities undertaken directly_**|||
|Direct charitable activity 1 - IT class|2,520|7,660|
|Direct charitable activity 1 - lunch club and langer|415|604|
|Direct charitable activity 1 - grants and donations|1,354|1,430|
|Direct charitable activity 1 - classes and events|2,971|19,673|
|Direct charitable activity 1 - garden project|–|5,438|
||`───────`|`────────`|
||7,260|34,805|
||`───────`|`────────`|
|**Governance costs**|||
|Governance costs - wages/salaries|–|12,463|
|Governance costs - rates & water|378|537|
|Governance costs - light & heat|2,306|1,792|
|Governance costs - repairs & maintenance|52,677|20,897|
|Governance costs - insurance|1,950|1,966|
|Governance costs - accountancy fees|1,200|1,200|
|Governance costs – bookkeeping and secretarial|300|690|
|Governance costs - telephone|456|395|
|Governance costs - other office costs|238|3,464|
|Governance costs - depreciation|491|614|
||`────────`|`────────`|
||59,996|44,018|
||`────────`|`────────`|
||`────────`|`────────`|
|**Expenditure on charitable activities**|67,256|78,823|
||`════════`|`════════`|



**15** 



**CHARITY REGISTRATION NUMBER: 275993** 

## **Shri Guru Ravidass Sangat Luton Bedfordshire Unaudited Financial Statements 30 September 2022** 



**Shri Guru Ravidass Sangat Luton Bedfordshire** 

## **Financial Statements** 

## **Year ended 30 September 2022** 

||**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 2022** 

The trustees present their report and the unaudited financial statements of the charity for the year ended 30 September 2022. 

## **Reference and administrative details** 

**Registered charity name** Shri Guru Ravidass Sangat Luton Bedfordshire **Charity registration number** 275993 **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. 

**1** 



## **Shri Guru Ravidass Sangat Luton Bedfordshire** 

## **Trustees' Annual Report** _**(continued)**_ 

## **Year ended 30 September 2022** 

## **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 £21,440 (2021 – £23,951). At the end of the financial year the reserves were £254,897 (2021 - ££231,565) of unrestricted funds and £17,510 (2021 - £19,404) 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** 



## **Shri Guru Ravidass Sangat Luton Bedfordshire** 

**Trustees' Annual Report** _**(continued)**_ 

## **Year ended 30 September 2022** 

The trustees' annual report was approved on 12 June 2023 and signed on behalf of the board of trustees by: 

## _J_[�] . _NUVL_ 

Mr Jagan Nath - Chairperson Trustee 

**3** 



**Shri Guru Ravidass Sangat Luton Bedfordshire** 

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

## **Year ended 30 September 2022** 

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 2022. 

## **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: 

1. accounting records were not kept in respect of the charity as required by section 130 of the Act; or 

2. the financial statements do not accord with those records; or 

3. 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 

**4** 



## **Shri Guru Ravidass Sangat Luton Bedfordshire** 

## **Statement of Financial Activities** 

## **Year ended 30 September 2022** 

||||**2022**||2021|
|---|---|---|---|---|---|
|||Unrestricted|Restricted|||
|||funds|funds|**Total funds**|Total funds|
||**Note**|**£**|**£**|**£**|£|
|**Income and endowments**||||||
|Donations and legacies|**4**|36,054|38,865|74,918|100,674|
|Other income|**5**|13,778|–|13,778|2,100|
|||`────────`|`────────`|`────────`|`─────────`|
|**Total income**||49,832|38,865|88,696|102,774|
|||`════════`|`════════`|`════════`|`═════════`|
|**Expenditure**||||||
|Expenditure on charitable activities|**6,7**|26,500|40,758|67,256|78,823|
|||`────────`|`────────`|`────────`|`─────────`|
|**Total expenditure**||26,500|40,758|67,256|78,823|
|||`════════`|`════════`|`════════`|`═════════`|
|||`────────`|`────────`|`────────`|`─────────`|
|**Net income and net movement in**|**funds**|23,332|(1,893)|21,440|23,951|
|||`════════`|`════════`|`════════`|`═════════`|
|**Reconciliation of funds**||||||
|Total funds brought forward||231,565|19,403|250,968|227,018|
|||`─────────`|`────────`|`─────────`|`─────────`|
|**Total funds carried forward**||254,897|17,510|272,407|250,969|
|||`═════════`|`════════`|`═════════`|`═════════`|



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.** 

**5** 



**Shri Guru Ravidass Sangat Luton Bedfordshire** 

## **Statement of Financial Position** 

## **30 September 2022** 

|||**2022**|2021|
|---|---|---|---|
||**Note**|**£**|£|
|**Fixed assets**||||
|Tangible fixed assets|**12**|187,876|188,367|
|**Current assets**||||
|Cash at bank and in hand||86,933|63,802|
|**Creditors: amounts falling due within one year**|**13**|2,400|1,200|
|||`────────`|`────────`|
|**Net current assets**||84,532|62,602|
|||`─────────`|`─────────`|
|**Total assets less current liabilities**||272,408|250,969|
|||`─────────`|`─────────`|
|**Net assets**||272,408|250,969|
|||`═════════`|`═════════`|
|**Funds of the charity**||||
|Restricted funds||17,510|19,404|
|Unrestricted funds||254,897|231,565|
|||`─────────`|`─────────`|
|**Total charity funds**|**14**|272,407<br>`═════════`|250,969<br>`═════════`|



These financial statements were approved by the board of trustees and authorised for issue on 12 June 2023, 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.** 

**6** 



**Shri Guru Ravidass Sangat Luton Bedfordshire** 

## **Notes to the Financial Statements** 

## **Year ended 30 September 2022** 

## **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. 

**7** 



**Shri Guru Ravidass Sangat Luton Bedfordshire** 

## **Notes to the Financial Statements** _**(continued)**_ 

## **Year ended 30 September 2022** 

## **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. 

**8** 



**Shri Guru Ravidass Sangat Luton Bedfordshire** 

## **Notes to the Financial Statements** _**(continued)**_ 

## **Year ended 30 September 2022** 

## **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|**2022**|
||£|£|**£**|
|**Donations**||||
|Donations type 1|19,946|38,865|58,810|
|**Grants**||||
|Gift aid|16,108|–|16,108|
||`────────`|`────────`|`────────`|
||36,054|38,865|74,918|
||`════════`|`════════`|`════════`|
||Unrestricted|Restricted|Total Funds|
||Funds|Funds|2021|
||£|£|£|
|**Donations**||||
|Donations type 1|42,592|38,254|80,846|



**9** 



## **Shri Guru Ravidass Sangat Luton Bedfordshire** 

## **Notes to the Financial Statements** _**(continued)**_ 

## **Year ended 30 September 2022** 

## **4. Donations and legacies** _**(continued)**_ 

||||Unrestricted|Restricted|Total Funds|
|---|---|---|---|---|---|
||||Funds|Funds|2021|
||||£|£|£|
||**Grants**|||||
||Gift aid||19,828|–|19,828|
||||`────────`|`────────`|`─────────`|
||||62,420|38,254|100,674|
||||`════════`|`════════`|`═════════`|
|**5.**|**Other income**|||||
|||Unrestricted|<br>**Total Funds**|Unrestricted|Total Funds|
|||Funds|<br>**2022**|Funds|2021|
|||£|**£**|£|£|
||Other income type 1|13,778|<br>13,778|2,100|2,100|
|||`════════`|<br>`════════`|`═══════`|`═══════`|
|**6.**|**Expenditure on charitable activities by fund type**|||||
||||Unrestricted|Restricted|**Total Funds**|
||||Funds|Funds|**2022**|
||||£|£|**£**|
||Activity type 1||1,354|5,906|7,260|
||Support costs||25,146|34,852|59,996|
||||`────────`|`────────`|`────────`|
||||26,500|40,758|67,256|
||||`════════`|`════════`|`════════`|
||||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|
||||`════════`|`════════`|`════════`|
|**7.**|**Expenditure on charitable activities by activity type**|||||
|||Activities||||
|||undertaken||**Total funds**|Total fund|
|||directly|Support costs|**2022**|2021|
|||£|£|**£**|£|
||Activity type 1|7,260|<br>–|7,260|34,805|
||Governance costs|–|<br>59,996|59,996|44,018|
|||`───────`|<br>`────────`|`────────`|`────────`|
|||7,260|<br>59,996|67,256|78,823|
|||`═══════`|<br>`════════`|`════════`|`════════`|



## **8. Net income** 

Net income is stated after charging/(crediting): 

Depreciation of tangible fixed assets 

|**2022**|2021|
|---|---|
|**£**|£|
|491|615|
|`════`|`════`|



**10** 



**Shri Guru Ravidass Sangat Luton Bedfordshire** 

## **Notes to the Financial Statements** _**(continued)**_ 

## **Year ended 30 September 2022** 

## **9. Independent examination fees** 

||**2022**|2021|
|---|---|---|
||**£**|£|
|Fees payable to the independent examiner for:|||
|Independent examination of the financial statements|1,200<br>`═══════`|1,200<br>`═══════`|



## **10. Staff costs** 

The average head count of employees during the year was Nil (2021: 1). 

No employee received employee benefits of more than £60,000 during the year (2021: 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** 

||Freehold|||
|---|---|---|---|
||property|Equipment|**Total**|
||£|£|**£**|
|**Cost**||||
|**At 1 October 2021 and 30 September 2022**|185,911|7,305|193,216|
||`═════════`|`═══════`|`═════════`|
|**Depreciation**||||
|At 1 October 2021|–|4,849|4,849|
|Charge for the year|–|491|491|
||`─────────`|`───────`|`─────────`|
|**At 30 September 2022**|–|5,340|5,340|
||`═════════`|`═══════`|`═════════`|
|**Carrying amount**||||
|**At 30 September 2022**|185,911|1,965|187,876|
||`═════════`|`═══════`|`═════════`|
|At 30 September 2021|185,911|2,456|188,367|
||`═════════`|`═══════`|`═════════`|
|**Creditors:** **amounts falling due within one year**||||
|||**2022**|2021|
|||**£**|£|
|Accruals and deferred income||2,400|1,200|
|||`═══════`|`═══════`|



## **13. Creditors: amounts falling due within one year** 

**11** 



## **Shri Guru Ravidass Sangat Luton Bedfordshire** 

## **Notes to the Financial Statements** _**(continued)**_ 

## **Year ended 30 September 2022** 

## **14. Analysis of charitable funds** 

## **Unrestricted funds** 

||**Unrestricted funds**|||||
|---|---|---|---|---|---|
||||||**At**|
|||At||**30**|**September**|
||1|October 2021|Income|Expenditure|**2022**|
|||£|£|£|£|
||General funds|231,565|49,832|(26,500)|254,897|
|||`═════════`|`════════`|<br>`════════`|`═════════`|
||||||At|
|||At||30 September||
||1 October 2020||Income|Expenditure|2021|
|||£|£|£|£|
||General funds|213,097|64,520|(46,052)|231,565|
|||`═════════`|`════════`|`════════`|`═════════`|
||**Restricted funds**|||||
||||||**At**|
|||At||**30**|**September**|
||1 October 2021||Income|Expenditure|**2022**|
|||£|£|£|£|
||Restricted Fund 1 - desc in a/cs|19,403|38,865|(40,758)|17,510|
|||`════════`|`════════`|<br>`════════`|`════════`|
||||||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|
|||`════════`|`════════`|<br>`════════`|`════════`|
|**15.**|**Analysis of net assets between funds**|||||
|||||Unrestricted|**Total Funds**|
|||||Funds|**2022**|
|||||£|**£**|
||Tangible fixed assets|||187,876|187,876|
||Current assets|||86,932|86,932|
||Creditors less than 1 year|||(2,400)|(2,400)|
|||||`─────────`|`─────────`|
||**Net assets**|||272,408|272,408|
|||||`═════════`|`═════════`|
|||||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|
|||||`═════════`|`═════════`|



## **16. Related parties** 

There were no related party transactions during the period. 

**12** 



**Shri Guru Ravidass Sangat Luton Bedfordshire** 

## **Management Information** 

## **Year ended 30 September 2022** 

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

**13** 



## **Shri Guru Ravidass Sangat Luton Bedfordshire** 

## **Detailed Statement of Financial Activities** 

## **Year ended 30 September 2022** 

||**2022**|2021|
|---|---|---|
||**£**|£|
|**Income and endowments**|||
|**Donations and legacies**|||
|Donations type 1|58,810|80,846|
|Gift aid|16,108|19,828|
||`────────`|`─────────`|
||74,918|100,674|
||`────────`|`─────────`|
|**Other income**|||
|Other income type 1|13,778|2,100|
||`────────`|`───────`|
||`────────`|`─────────`|
|**Total income**|88,696|102,774|
||`════════`|`═════════`|
|**Expenditure**|||
|**Expenditure on charitable activities**|||
|Wages and salaries|–|12,463|
|Rates and water|378|537|
|Light and heat|2,306|1,792|
|Repairs and maintenance|52,677|20,897|
|Insurance|1,950|1,966|
|I.T classes|2,520|7,660|
|Lunch club and langer|415|604|
|Legal and professional fees|1,500|1,890|
|Telephone|456|395|
|Other office costs|238|3,464|
|Depreciation|491|614|
|Grants and donations|1,354|1,430|
|Classes and events|2,971|19,673|
|Garden project|–|5,438|
||`────────`|`─────────`|
||67,256|78,823|
||`────────`|`─────────`|
||`────────`|`────────`|
|**Total expenditure**|67,256|78,823|
||`════════`|`════════`|
||`────────`|`────────`|
|**Net income**|21,440|23,951|
||`════════`|`════════`|



**14** 



## **Shri Guru Ravidass Sangat Luton Bedfordshire** 

## **Notes to the Detailed Statement of Financial Activities** 

## **Year ended 30 September 2022** 

||**2022**|2021|
|---|---|---|
||**£**|£|
|**Expenditure on charitable activities**|||
|**Activity type 1**|||
|**_Activities undertaken directly_**|||
|Direct charitable activity 1 - IT class|2,520|7,660|
|Direct charitable activity 1 - lunch club and langer|415|604|
|Direct charitable activity 1 - grants and donations|1,354|1,430|
|Direct charitable activity 1 - classes and events|2,971|19,673|
|Direct charitable activity 1 - garden project|–|5,438|
||`───────`|`────────`|
||7,260|34,805|
||`───────`|`────────`|
|**Governance costs**|||
|Governance costs - wages/salaries|–|12,463|
|Governance costs - rates & water|378|537|
|Governance costs - light & heat|2,306|1,792|
|Governance costs - repairs & maintenance|52,677|20,897|
|Governance costs - insurance|1,950|1,966|
|Governance costs - accountancy fees|1,200|1,200|
|Governance costs – bookkeeping and secretarial|300|690|
|Governance costs - telephone|456|395|
|Governance costs - other office costs|238|3,464|
|Governance costs - depreciation|491|614|
||`────────`|`────────`|
||59,996|44,018|
||`────────`|`────────`|
||`────────`|`────────`|
|**Expenditure on charitable activities**|67,256|78,823|
||`════════`|`════════`|



**15** 



**CHARITY REGISTRATION NUMBER: 275993** 

## **Shri Guru Ravidass Sangat Luton Bedfordshire Unaudited Financial Statements 30 September 2022** 



**Shri Guru Ravidass Sangat Luton Bedfordshire** 

## **Financial Statements** 

## **Year ended 30 September 2022** 

||**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 2022** 

The trustees present their report and the unaudited financial statements of the charity for the year ended 30 September 2022. 

## **Reference and administrative details** 

**Registered charity name** Shri Guru Ravidass Sangat Luton Bedfordshire **Charity registration number** 275993 **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. 

**1** 



## **Shri Guru Ravidass Sangat Luton Bedfordshire** 

## **Trustees' Annual Report** _**(continued)**_ 

## **Year ended 30 September 2022** 

## **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 £21,440 (2021 – £23,951). At the end of the financial year the reserves were £254,897 (2021 - ££231,565) of unrestricted funds and £17,510 (2021 - £19,404) 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** 



## **Shri Guru Ravidass Sangat Luton Bedfordshire** 

**Trustees' Annual Report** _**(continued)**_ 

## **Year ended 30 September 2022** 

The trustees' annual report was approved on 12 June 2023 and signed on behalf of the board of trustees by: 

## _J_[�] . _NUVL_ 

Mr Jagan Nath - Chairperson Trustee 

**3** 



**Shri Guru Ravidass Sangat Luton Bedfordshire** 

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

## **Year ended 30 September 2022** 

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 2022. 

## **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: 

1. accounting records were not kept in respect of the charity as required by section 130 of the Act; or 

2. the financial statements do not accord with those records; or 

3. 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 

**4** 



## **Shri Guru Ravidass Sangat Luton Bedfordshire** 

## **Statement of Financial Activities** 

## **Year ended 30 September 2022** 

||||**2022**||2021|
|---|---|---|---|---|---|
|||Unrestricted|Restricted|||
|||funds|funds|**Total funds**|Total funds|
||**Note**|**£**|**£**|**£**|£|
|**Income and endowments**||||||
|Donations and legacies|**4**|36,054|38,865|74,918|100,674|
|Other income|**5**|13,778|–|13,778|2,100|
|||`────────`|`────────`|`────────`|`─────────`|
|**Total income**||49,832|38,865|88,696|102,774|
|||`════════`|`════════`|`════════`|`═════════`|
|**Expenditure**||||||
|Expenditure on charitable activities|**6,7**|26,500|40,758|67,256|78,823|
|||`────────`|`────────`|`────────`|`─────────`|
|**Total expenditure**||26,500|40,758|67,256|78,823|
|||`════════`|`════════`|`════════`|`═════════`|
|||`────────`|`────────`|`────────`|`─────────`|
|**Net income and net movement in**|**funds**|23,332|(1,893)|21,440|23,951|
|||`════════`|`════════`|`════════`|`═════════`|
|**Reconciliation of funds**||||||
|Total funds brought forward||231,565|19,403|250,968|227,018|
|||`─────────`|`────────`|`─────────`|`─────────`|
|**Total funds carried forward**||254,897|17,510|272,407|250,969|
|||`═════════`|`════════`|`═════════`|`═════════`|



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.** 

**5** 



**Shri Guru Ravidass Sangat Luton Bedfordshire** 

## **Statement of Financial Position** 

## **30 September 2022** 

|||**2022**|2021|
|---|---|---|---|
||**Note**|**£**|£|
|**Fixed assets**||||
|Tangible fixed assets|**12**|187,876|188,367|
|**Current assets**||||
|Cash at bank and in hand||86,933|63,802|
|**Creditors: amounts falling due within one year**|**13**|2,400|1,200|
|||`────────`|`────────`|
|**Net current assets**||84,532|62,602|
|||`─────────`|`─────────`|
|**Total assets less current liabilities**||272,408|250,969|
|||`─────────`|`─────────`|
|**Net assets**||272,408|250,969|
|||`═════════`|`═════════`|
|**Funds of the charity**||||
|Restricted funds||17,510|19,404|
|Unrestricted funds||254,897|231,565|
|||`─────────`|`─────────`|
|**Total charity funds**|**14**|272,407<br>`═════════`|250,969<br>`═════════`|



These financial statements were approved by the board of trustees and authorised for issue on 12 June 2023, 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.** 

**6** 



**Shri Guru Ravidass Sangat Luton Bedfordshire** 

## **Notes to the Financial Statements** 

## **Year ended 30 September 2022** 

## **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. 

**7** 



**Shri Guru Ravidass Sangat Luton Bedfordshire** 

## **Notes to the Financial Statements** _**(continued)**_ 

## **Year ended 30 September 2022** 

## **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. 

**8** 



**Shri Guru Ravidass Sangat Luton Bedfordshire** 

## **Notes to the Financial Statements** _**(continued)**_ 

## **Year ended 30 September 2022** 

## **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|**2022**|
||£|£|**£**|
|**Donations**||||
|Donations type 1|19,946|38,865|58,810|
|**Grants**||||
|Gift aid|16,108|–|16,108|
||`────────`|`────────`|`────────`|
||36,054|38,865|74,918|
||`════════`|`════════`|`════════`|
||Unrestricted|Restricted|Total Funds|
||Funds|Funds|2021|
||£|£|£|
|**Donations**||||
|Donations type 1|42,592|38,254|80,846|



**9** 



## **Shri Guru Ravidass Sangat Luton Bedfordshire** 

## **Notes to the Financial Statements** _**(continued)**_ 

## **Year ended 30 September 2022** 

## **4. Donations and legacies** _**(continued)**_ 

||||Unrestricted|Restricted|Total Funds|
|---|---|---|---|---|---|
||||Funds|Funds|2021|
||||£|£|£|
||**Grants**|||||
||Gift aid||19,828|–|19,828|
||||`────────`|`────────`|`─────────`|
||||62,420|38,254|100,674|
||||`════════`|`════════`|`═════════`|
|**5.**|**Other income**|||||
|||Unrestricted|<br>**Total Funds**|Unrestricted|Total Funds|
|||Funds|<br>**2022**|Funds|2021|
|||£|**£**|£|£|
||Other income type 1|13,778|<br>13,778|2,100|2,100|
|||`════════`|<br>`════════`|`═══════`|`═══════`|
|**6.**|**Expenditure on charitable activities by fund type**|||||
||||Unrestricted|Restricted|**Total Funds**|
||||Funds|Funds|**2022**|
||||£|£|**£**|
||Activity type 1||1,354|5,906|7,260|
||Support costs||25,146|34,852|59,996|
||||`────────`|`────────`|`────────`|
||||26,500|40,758|67,256|
||||`════════`|`════════`|`════════`|
||||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|
||||`════════`|`════════`|`════════`|
|**7.**|**Expenditure on charitable activities by activity type**|||||
|||Activities||||
|||undertaken||**Total funds**|Total fund|
|||directly|Support costs|**2022**|2021|
|||£|£|**£**|£|
||Activity type 1|7,260|<br>–|7,260|34,805|
||Governance costs|–|<br>59,996|59,996|44,018|
|||`───────`|<br>`────────`|`────────`|`────────`|
|||7,260|<br>59,996|67,256|78,823|
|||`═══════`|<br>`════════`|`════════`|`════════`|



## **8. Net income** 

Net income is stated after charging/(crediting): 

Depreciation of tangible fixed assets 

|**2022**|2021|
|---|---|
|**£**|£|
|491|615|
|`════`|`════`|



**10** 



**Shri Guru Ravidass Sangat Luton Bedfordshire** 

## **Notes to the Financial Statements** _**(continued)**_ 

## **Year ended 30 September 2022** 

## **9. Independent examination fees** 

||**2022**|2021|
|---|---|---|
||**£**|£|
|Fees payable to the independent examiner for:|||
|Independent examination of the financial statements|1,200<br>`═══════`|1,200<br>`═══════`|



## **10. Staff costs** 

The average head count of employees during the year was Nil (2021: 1). 

No employee received employee benefits of more than £60,000 during the year (2021: 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** 

||Freehold|||
|---|---|---|---|
||property|Equipment|**Total**|
||£|£|**£**|
|**Cost**||||
|**At 1 October 2021 and 30 September 2022**|185,911|7,305|193,216|
||`═════════`|`═══════`|`═════════`|
|**Depreciation**||||
|At 1 October 2021|–|4,849|4,849|
|Charge for the year|–|491|491|
||`─────────`|`───────`|`─────────`|
|**At 30 September 2022**|–|5,340|5,340|
||`═════════`|`═══════`|`═════════`|
|**Carrying amount**||||
|**At 30 September 2022**|185,911|1,965|187,876|
||`═════════`|`═══════`|`═════════`|
|At 30 September 2021|185,911|2,456|188,367|
||`═════════`|`═══════`|`═════════`|
|**Creditors:** **amounts falling due within one year**||||
|||**2022**|2021|
|||**£**|£|
|Accruals and deferred income||2,400|1,200|
|||`═══════`|`═══════`|



## **13. Creditors: amounts falling due within one year** 

**11** 



## **Shri Guru Ravidass Sangat Luton Bedfordshire** 

## **Notes to the Financial Statements** _**(continued)**_ 

## **Year ended 30 September 2022** 

## **14. Analysis of charitable funds** 

## **Unrestricted funds** 

||**Unrestricted funds**|||||
|---|---|---|---|---|---|
||||||**At**|
|||At||**30**|**September**|
||1|October 2021|Income|Expenditure|**2022**|
|||£|£|£|£|
||General funds|231,565|49,832|(26,500)|254,897|
|||`═════════`|`════════`|<br>`════════`|`═════════`|
||||||At|
|||At||30 September||
||1 October 2020||Income|Expenditure|2021|
|||£|£|£|£|
||General funds|213,097|64,520|(46,052)|231,565|
|||`═════════`|`════════`|`════════`|`═════════`|
||**Restricted funds**|||||
||||||**At**|
|||At||**30**|**September**|
||1 October 2021||Income|Expenditure|**2022**|
|||£|£|£|£|
||Restricted Fund 1 - desc in a/cs|19,403|38,865|(40,758)|17,510|
|||`════════`|`════════`|<br>`════════`|`════════`|
||||||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|
|||`════════`|`════════`|<br>`════════`|`════════`|
|**15.**|**Analysis of net assets between funds**|||||
|||||Unrestricted|**Total Funds**|
|||||Funds|**2022**|
|||||£|**£**|
||Tangible fixed assets|||187,876|187,876|
||Current assets|||86,932|86,932|
||Creditors less than 1 year|||(2,400)|(2,400)|
|||||`─────────`|`─────────`|
||**Net assets**|||272,408|272,408|
|||||`═════════`|`═════════`|
|||||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|
|||||`═════════`|`═════════`|



## **16. Related parties** 

There were no related party transactions during the period. 

**12** 



**Shri Guru Ravidass Sangat Luton Bedfordshire** 

## **Management Information** 

## **Year ended 30 September 2022** 

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

**13** 



## **Shri Guru Ravidass Sangat Luton Bedfordshire** 

## **Detailed Statement of Financial Activities** 

## **Year ended 30 September 2022** 

||**2022**|2021|
|---|---|---|
||**£**|£|
|**Income and endowments**|||
|**Donations and legacies**|||
|Donations type 1|58,810|80,846|
|Gift aid|16,108|19,828|
||`────────`|`─────────`|
||74,918|100,674|
||`────────`|`─────────`|
|**Other income**|||
|Other income type 1|13,778|2,100|
||`────────`|`───────`|
||`────────`|`─────────`|
|**Total income**|88,696|102,774|
||`════════`|`═════════`|
|**Expenditure**|||
|**Expenditure on charitable activities**|||
|Wages and salaries|–|12,463|
|Rates and water|378|537|
|Light and heat|2,306|1,792|
|Repairs and maintenance|52,677|20,897|
|Insurance|1,950|1,966|
|I.T classes|2,520|7,660|
|Lunch club and langer|415|604|
|Legal and professional fees|1,500|1,890|
|Telephone|456|395|
|Other office costs|238|3,464|
|Depreciation|491|614|
|Grants and donations|1,354|1,430|
|Classes and events|2,971|19,673|
|Garden project|–|5,438|
||`────────`|`─────────`|
||67,256|78,823|
||`────────`|`─────────`|
||`────────`|`────────`|
|**Total expenditure**|67,256|78,823|
||`════════`|`════════`|
||`────────`|`────────`|
|**Net income**|21,440|23,951|
||`════════`|`════════`|



**14** 



## **Shri Guru Ravidass Sangat Luton Bedfordshire** 

## **Notes to the Detailed Statement of Financial Activities** 

## **Year ended 30 September 2022** 

||**2022**|2021|
|---|---|---|
||**£**|£|
|**Expenditure on charitable activities**|||
|**Activity type 1**|||
|**_Activities undertaken directly_**|||
|Direct charitable activity 1 - IT class|2,520|7,660|
|Direct charitable activity 1 - lunch club and langer|415|604|
|Direct charitable activity 1 - grants and donations|1,354|1,430|
|Direct charitable activity 1 - classes and events|2,971|19,673|
|Direct charitable activity 1 - garden project|–|5,438|
||`───────`|`────────`|
||7,260|34,805|
||`───────`|`────────`|
|**Governance costs**|||
|Governance costs - wages/salaries|–|12,463|
|Governance costs - rates & water|378|537|
|Governance costs - light & heat|2,306|1,792|
|Governance costs - repairs & maintenance|52,677|20,897|
|Governance costs - insurance|1,950|1,966|
|Governance costs - accountancy fees|1,200|1,200|
|Governance costs – bookkeeping and secretarial|300|690|
|Governance costs - telephone|456|395|
|Governance costs - other office costs|238|3,464|
|Governance costs - depreciation|491|614|
||`────────`|`────────`|
||59,996|44,018|
||`────────`|`────────`|
||`────────`|`────────`|
|**Expenditure on charitable activities**|67,256|78,823|
||`════════`|`════════`|



**15**