RAMGARHIA SABHA Southall RAMGARHIA SABHA SOUTHALL TRUSTEES ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 REGISTERED CHARITY NO.. 279814 Busines5 Ledger Limited Chanered Ceflified A¢countsnis Statutory Auditor 3 Waterside Drive Langley, Berkshire SI.I fiF.7. Ram8arhia Sabha, Southall Contents of the Trvstees, Annual Report and Audlted Flnanclal Statements for the Year ended 31 December 2023 Pa8e Report of the Trustees Report of the Independent AudStors 8-10 Statement of Flnanclal Artlvltles li Balance Sheet 12 Cash Aow Statement 13 Notes to the Flnanclal Statements 14-19 The followlng Is not part of statutory accounts Detalled In￿rne and Expendlture Account For the year ended 31 December 2023 20-23 Rarngarhla Sabha, Southall Report of the Trustees for the year ended 31 December 2023 The trustees P￿sent their annual report and audited flnancial statements for the year ended 31 December 2023. The trustees have adopted the provisions of AccountinB and Reporting by Charities.. Statement of Recommended Prartice applicable to charities preparing thelr accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS1021 leffective l January 20191. Reference and Admlnlstratlve Informatlon Charity Name RamBarhia Sabh3, Southall Charity Reglstration Number 279814 Worship Registration Number 72697 Marriage Reference Number 37841 Principal address 49 - 57 Oswald Road. Southall, Middlesex UBI IHN Statutory Auditors Business Ledger Limited, Chartered Certified Accountants 3 Waterside Drive. Langley Berkshire SL3 6EZ Holding TrLtstees Tejpal Singh Rayit Ichair of Holding Trustee51 Santokh Singh Ubhi Kewal Singh Sahota Surinder Singh Sahans Bhalvinder Singh Virdee (appointed 30 January 20231 President Vice President General Secretary Assist Secretary Treasurer Assist Treasurer Llbrarian Ja8iit Sin8h Jhita SLtrinder Singh Sohal Joga Singh Jutley Amarpal Singh Soor Kewal Singh Dhiman Kuldip Singh Sehmi Manjinder Singh Devgon Other Trustees Jasvir Singh Matharu Dharam Singh Bhogal Nirmal Singh Bhachu Balbir Sin8h Gahir Gurdial Singh Virdi Avtar Kaur Panesar Pritpal SinBh Sehmi Jasvinder Singh Bhachu laspal Singh lutley Bakhshish Singh Panesar Davinder Kaur Panesar Ravinder Singh Kundi Ramg•rhla Sabha. Southall Report of the Trurtees for the year ended 31 Oecernber 2023 Strurture* giy4eman¢e and mana8ement. Governing document Ramgarhia Sabha. Southall is an unincorporated association and governed by a deed of trust. The general management and the administration of the charity Is the responsibillty of the Executive Committee. The Trustees hold the chantls property includin8 land as holdlng trustees. Appotntment of Trustees is governed by the Trust Deed of the Charity. The members of the Exècutive Committee are elected each alternate year from the membershlp of the Sabha. The election takes place after the AGM (March). Any eligible member of the charity may stand for elettion. New Trustee5 are briefed by existing Trustees and Executive Commi(tee p05t holders are mentored by previou5 Post holders. The new Trustees are also shown the resources available on Charity Commission website. The Executive Commlttee meet5 monthly. Structurei 8o¥emance and mana8ement. The charity has fwe holding trustees who hold the charit￿S property. A management commlttee. who manage the charity on day-to-day basis, consists of 7 office holders and 12 other members, who hold office for two years. The charity continues to examine ways to Improve it5 management structure. R15k Mana8ement The members of executive committee have assessed the risks the charity faces including the likelihood of the risks happening and the measures taken to manage them. Special attention has been taken to ensure that those who work with Children and or other vulnerable groups. A safeguarding group has beert set-up comprisin8 Df 5 members. ObJectl¥e5 and actlvltles Our alms The objects of the charrty are set out in the charit￿5 governlng document and are summarised as follows.. To promote the Sikh reli8ion in West London and its adjoining area by the following means and such other means as the Trustees and the Executive Committee consider to be appropriate taking into account the Charity Commission's Buidance on ihe public benefit in the Advoncement of Religion lor the Public 8enefNt and have regard to rt in their administration of the charty. In doing so. Gurilwara (The Temple) provides a benefrt to the public by'.- l. The maintenance of Gurdwara and the Sports Centre and ancillary buildings; 2. The celebratlon of Sikh religious festivals,. 3. The conduct of marriage and funeral rites in accordance with Sikh rellgiou5 observance,. 4. The establishment of a library containing books in both Punjabi and Engllsh on Sikh relSgion, history and culture, we have over 2,000 books in the library,. 5. The sports centre 15 open to all the public from young children to pensioners,. actlvities range from indoor sports and multi- activrf(ies to outdoor sports and other activities including open days etc. The sport5 centre's activlties are subsidised for all. 6. To develop mutual understandinB and ham)oniou5 relationships with other communities, fatth groups and charitable organi5ations. 7. Where possible raise funds to donate to other charities, nationally and internationally. Ramgarhia Sabha, Southall Report of the Trustees for the year ended 31 Deternber 2023 Volunteers The Sabha is grateful for the efforts of its many members and other volunteers who have provided goods, services. 3rranBe charity events, in running and maintenance of kitchen, Sports Centre building and in fund raising. ACHIEVEMENT AND PERFORMANCE Charitable activities l. The Gurdwara is for the Servi￿ of the comrnunity at large. Religious services and prayers for the worshippers are provided seven days a week from early morning to evening. There are special ceremonies for Sikh Guru's birthdays, anniversaries, and other s18nificant days. 2. The Gurdwara provides services for weddings. funerals, and other religious ceremonies. 3. During Guru Nanak Devji's Birthday and Vaisakhi, the charities members participated it) ceremonial processions held in Southall along with the members of community ffom other areas includin8 visitors from overseas. This procession promotes publlc awareness of the Sikh Religion and is used by other charities and community to promote social cohesion. Cold drinks were served to the general public on the streets of Southall during the Martyrdom Day of Guru Arian Devji. Hot meals are setved every day throughout the day. 5. The Sabha also participated in the Remembrance Day Service wlth other commLtnitles. 6. Reli8lOUS Studies. teaching of Punjabi language, Sikh history culture and music lessons are taught in the Ram8arhia Sabha Southall Sikh Educatlon Centre with over 100 students attending. All the teachers in the school are DBS ¢hecked. Students also partake in the Vaisakhi Par3de at the hoistin8 of the new fla8 in April. Adult's classe5 are also held. The school is registered as an exam centre with Education Examination Boaids. Students also partlcipate in the Internatlonal sikh symposium Convention5 in the UK and USA. 7. Eminent Scholars are invited to addre55 the Congfegation and the Education Centre. Students from local and other schools and universities afound UK visit the charity to learn and understand the Sikh way of life. 8. The charity works c105ety with Indlan High Commisslon, with local faith groups, other Sikh organisations national and internationalty. community organlsatlons, elected councillors. local authorrties, and our emergency services. 9. Matrimonial introduction seryices are provided to our community. The Sabha Is also registered to conduct Cwil MarriaBes. 10. The charity piovides Sikh ChaplainLy seNices including hosprtal visits. 11. Seminars on general wellbeing and good health, safeguardin& awareness of r3dlcalisation are held in conjunction with local authority and medical seNices. 12. Community events are held throughout the year to provides a plarform to socialise. 13. As well a5 providing varlous regulaf SPOrtin8 actlvities during the year, an annual sports tournament is also held in Au8usi offering all communities in Ealing and beyond to excel in sport5 and to help and foster good community relatlons. 14. There is a designated ladies focus groLSP to ensure equalty in participation of the Gurdwara activities. 15. We Constant￿ improving our digital capabilities to correspond with our members electronicalfy, to receNe donations electronically, improve our website, a digital newsletter, electronic document storage, broadcast our programmes electronically etc. 16. Ensure that our buildin8s and infrastructure are serviced and maintained in accordance wlth statutory quirements including all relevant certiflcatlon. Ram8arhla Sabha, Southall Report ofthe Trustees for the year ended 31 December 2023 Osterley Sports and WellBeln8 Centre Buildlng work5 continued durlng the year to brlng the facility into full use. As the bullding neared completion more and more artivities have been held there. A garden party to celebrate to King'5 Coronation was held on lune 23. We now have a restaurant wlth a commercial kitthen, new men's and ladies, toilets Including a new baby changing room. On the first floor we have treated a conference room with a small kitthenette and separate toilets. We are currently looking into hiring the restaurant to a professional caterer to provide a complete service to the communitv. The orlginal building has been rented to a chlldren'5 nursery group and the lod8e house next door Is also rented. Unde¥ the OSWC umbrella we are providing various activities regularty. In addition, several new 3ctivf(ies such a5 the Cycle Club. Business and Enterprise Forum, Outdoor Frtne55 Club, var￿tY Show are being added to the OSWC portfolio. The following Sports and Soclal facilrties at the Tentelow Lane Site are available. Concord Ranger Football Club Cranford Archery Club Ostertey Hockey Club Osterley Squash Club Osterley Classic Car Club 05terley Evergreen Senior Citizens Group Osterley Radio Control Club Osterley Womewt's Well Being Club Osterley Community Farmin8 was recently added to our portfollo. Osterley Blcycle Club has also recent￿ been added to our portfolio. Project DeSF8n and Planning DLtre to the tragic death of Narinder Singh Juttla, our Arch¢tect, the plannÉng work has not progressed. Narinderfs daughter. Camille Kaur Soor who is also an Architett, will now be handling the Design and planning application. Narinder SlnBh Juttla had already had a number of preliminary meeting5 With the Planners and our local Councillors who have been very supportive of our community project. Narinder had already changed the design following feedback from Planning officers and Attive Ealing who are responsible for Sports facilities in the London Borough of Ealing. We are now hoping that his daughter will now take the project forward to achieve our Boal to get the planning permrssion. Flnanclal Revlew Reserve$ p¢lity The management committee has no established reserve policy other than to maintain sufficlent reseNes to meet ongoing expenses. The committee has not committed or planned any major expendtture. Bearing this in mind, the committee feels that it holds sufficient reserves to be able to continue Its current actIV￿leS for foreseeable future. Ramgarhla Sabha, So￿hall Report of the Trustees for the year ended 31 December 2023 Results for the year The total income increased in the year by £88.623 to £601,300. No grants were received durinB the year. The total expeniliture for the year excluding depreciation increased in the year from £334,405 to £494,914 caused mainly due to increased activity, increased energy Costs and major refurbishment of some Osterley Sports Centre & otherfacilities. The net movement in funds for the year was £103,75312022 - £174,763) Ihereby increase the unrestricted funds to £7,659,452 of which £6,817,472 ts invested in the charIt￿S total fixed assets. The charity has net current a55ets of £841.98012022 - £735,594). Statement of trustees re5ponslbllltles The trustees are responsible for preparing the Annual Report and the financlal statements in accordance with applicable law and regulation5. The law applicable to charf(ies in England & Wale5, the Charities Act 2011. Charity (Accounts and Report51 Regulations 2008 requires the tiustee5 to prepare financial statements for each financial year in accordance with United Kingdom Generally Accepted Accounting Practice Iunited Kingdom Accounting St3ndard5 and applicable lawl. The trustees must not approve the financial Statements unless they are sat15fied that they give a true and fair view of the state of affairs of the charity and of the Incoming resour￿5 and applicatlon of reSoUr￿s, including the income and expenditure, of the charity for that period. In preparing these financièl statements, the trustees are required to.. al select suitable accounting policies and apply them consistently; bl observe the rnethods and principles in the Charlties SORP,. cl make judgments and accounting estimates that are reasonable and prudent: dl state whethèr applicable UK Accounting Standards have been followed, subject to any matefial departures disclosed and explained in the financial statements. el prepare the financial statement5 on the goin8 concern basls unless it is inappropriate to presume that the charity will continue to operate. The trustees are responsible lor keeping sufficient accountinB records that disclose with Teasonable accuracy at arty time the financial p051tion of the charity and enable them to ensure that the financial staternents compty with the Charities Act 2011. the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are a150 responsible for safeguarding the assets of the charty and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Ram8arhia Sabha, Southall Report of the Trustees for the year ended 31 December 2023 Approved by th trustees and signed on their behaFF by.. Jagiit Singh Jhita Kewal Sin8h Dhiman President Trea5Ltrer Joga Singh Jutley Kewal Singh Sahota General Secretary Holdin8 Trustee Date &otyl 2£)L Y Report ol The Independent Audltor5 to the Trustees of Rarn8arhla Sabha, Southall Oplnlon We have audited the financial statements of Ram8arhla Sabha, Southall Ithe 'charity'l for the year ended 31 December 2023 which comprise profit and 1055, balance sheet, cash flow and notes to the financial statements, including a summary of significant accounting policies. The financial reportlng framework that has been applied in their preparation 15 applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Finonciol Reporting Stondord opplicable in the UKand Republic of Ireland Iunited Kingdom Generally Accepted Accounting Prarticel. In our opinion. the financial statements.. give a true and fair view of the State of the charitvs affalrs as at 31 December 2023 and of its incoming resources and application of resources for the yeèr then ended,. have been properly prepa￿d in accordance with United Kln8dom Generalfy AC￿pted Accounting Practice; and have been prepared In accordan￿ wlth the requirements of the Charlties Act 2011. Basls for oplnlon We conducted our audit in accordance with International Standards on Auditing IUKI IISA5 IUKII and applicable law. Our responsibilities under those standards are further described in the Audltorf5 responsibilitie5 for the audit of the financial statements Section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the fin3ncial statements in the UK, Ineludin8 the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordante with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our oplnion. Conduslons relatln8 tO8oln8 concern In Buditing the financial statement5, we have concluded that the tru5tees' use of the going concern basis of accounting in the preparation of the financial statèments is appropriate. Based on the work we have performed, we have not identified any material uncertaintie5 relating to events or conditions that. individually or collectivefy, may cast significant doubt on the charity's ability to continue as a going conce¥n for a period of at least twelve rnonths from when the financial statements are authorised for issue. Our responsibilities and the responsibillties of the trustees with respect to going concern are described Sn the relevant sections of this report. Other Informatlon The other information comprises the information included in the annual report other than the financial statements and our auditols report thereorj. The trustees are responsible for the other information contained within the annLtal report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not expre55 any form of a55urance conclusion thereon. Our responsibility 15 to read the other information and, in doinE so, consider whether the other information is matefially inconsistent with the financial statement5 or our knowledge obtained in the course of the audit or otherwise Report of The Independent Audlt¢xs to the Trurtees of Ram8arhla Sabha, Southall Other Informatlon Icontinuedl appear5 to be materially misstated. If we Identify SLtch material inconsistencie5 or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other informatlon. we are required to report that fact. We have nothin8 to report in this regard. Matters on whlch we are requlred to report by exceptlon We have nothing to report In respect of the following matters in relation to which the Charitles IAccounts and Reports) Regulations 2008 require us to report to you rf. in our opinion: the information given in the trustees, report Is Inconsistent in any material respect with the financFal statemeftts. or sufficient accotsntin8 records have not been kept,. or the financial statements a￿ not in agreement with the accounting records and retUTns' or we have not recewed all the information and explanations we require for our audlt. Responslbllltles of trustees As explained more fully in the trustee5' responsibilities statement set out on page 7 the trustee5 are responsible for the preparation of the financial statements and for being Saiisfied that they glve a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement. whether due to fraud or error. In preparing the financial statements. the trustees are responsible for assessing the charivs ability to continue as 3 going concern, disclosin& as applicable. matters related to going concern and using the going concern basis of accounting unless the trustee5 either intend to liquidate the charity or to cease operations, or have no realistic alternatNe but to do so. Auditorfs responsibilities for the audlt of the flnan¢Sal statements We have been appointed as auditor under section 145 of the Charities Art 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder. Ouf objectives are to obtain reasonable assurance about whether the financial statements as a whole are f￿e from material misstatement, whether due to fraud or error. and to issue an auditOT'5 report that includes our opinion. Reasonable assurance is a high level of a55urance. but is not a guarantee that an audit conducted in accordance with ISAS IUKI will always detect a material mi5Statement when it exists. Misstatements Can arise from fraud or error and are considered material rf, individually or in the aggregate, they could reasonably be expected to influence the economic decFsions of users taken on the basis of these financial statements. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below: al Enquiry of management to identify any instances of non-compliance with laws and regulations- checking all statutory submissions have been submitted on time and are complete including those for The Charity Cornmi5sion bl Enquiry of management with regards to actual and potential litigation and claims. Report of The Independent Audltors to the Trustees of Ram8arhla Sabha, Southall cl - Performing audit work over the risk of management overrlde of controls, including testing otiournal entries and other adjustments for appropriatene55, and reviewing accountin8 estimates for evidence of management bia5. dl Reviewing disclosLtres In the financial Statements and testlng to supporting documentation to assess compliance with applicable laws and regulations. el Checking existence and contlnued use of fixed a55ets,' checklng calculations of depreciation. and checking fair valuation of assets. Because of the Inhe￿nt Irmitations of an audr(, there Is a rlsk that we will not detert all Irregularities, including those leading to a material misstatement in the financlal statements, or no-compliance wlth regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactlons reflected in the financial statements, as we will be less likely to become aware of instance of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud invofves intentional concealment, forgery, collusion, omisslon or mlsrepresentation. A further description of our ￿SponsIbiLitieS for the audit of the financial statement5 15 located on the Financial Reporting Council's website at: htt www.frc.o auditorsres onsibFlitie5. Thi5 description forms part of our aydltols report. Use of our report This report is made solety to the chariVs trustees, as a body, in accordance wlth Part 4 of the Charities IAccounts and Reports) Regulations 2008. Our audrt work has been undertaken so that we might state to the charitvs tru5tee5 those matters we are required to state to them in an auditorfs report and foi no other purpose. To the fullest extent permitted by law, we do not accept or a55ume responsibility to anyone other than the charity and the charity's trustees as a body. for our audit worl for this report, Of for the opinions we have formed. 8usine55 Ledger Limited Chartered Certified Accountants Statutory Auditor 3 Waterside Drive Langley. Berkshire SL3 6EZ Business Ledger Limited is eliglble for appointment as auditor of the charity by virtue of its eligibility for appointment as auditor of a company under Section 1212 of the Companies Act 2006. io RAMfjARHIA SOUThALL STATEMENTOF FINANCIAL AcnvmES forthe V•¥T •ndln¥ 310ecember 2023 Note Unrn$tricted Fufids 2023 Total Funds 2022 General Fund Sports Centre INCOME and ENOOWMENTS Donation5 and leBacies Investment income Sports Centre TOTAL INCOME 433,871 111,789 433.871 111,789 55.640 601,300 377,898 71,250 63.529 512,677 55,640 55,640 545.660 EXPENDITURE Charitable activitie5 Raising fund5 Sport5 Centre Other TOTAL EXPE14DITURE 426,531 426.531 301,460 40 27,065 9.348 337,913 62.235 62,235 8,781 497,547 8.781 435,312 62,235 NET INCOMEIILXPENDITUREI 110.348 16.595 103.753 174,764 TMNSFERS BMVEEN FUND5 168,9791 68.979 NEf MOVEMENT IN FUNDS 41.369 62,384 103,753 174,764 RECONCILIATION OF FUND5 Total funds brou8ht forward 5,723.643 1.832.056 7.555,699 7.380.935 ToL*I Funds urrf¢d fo￿ard 5.765.012 1094,440 7.659A52 7,S55.699 li ILAMGARHIA SABH& 501mlALL BALANCE SHEET AT 310EceMBeR 2023 Note Unre#ri¢¢ed Funds 20Z3 Total Funds 2022 fjeneral Fund Sports Cent FIXED ASSETS Tanglble assets Investrnents Totollixed u55et5 io li 1.487,390 3,462,794 4.950,184 1.867.288 3J54.678 3N62,794 6￿17872 3,357.311 3,462,794 6.820.105 1,867,288 CURRENT ASS Debtors and prepayments Cash at bank èné in hand Totol cwrent Ussets 12 58,450 758.778 817,228 58,450 785,930 844.380 27,150 710,844 737,994 27.152 27.152 LIABIUTIES Cfeditors.. Amounts falling due withln one year 13 12,4(Kil 12.41JOI 12.4001 NEf cURRENT￿ET5 814,828 27,152 841,980 735.594 TOTAL ASSETS LESS CURRENT LIABIUTIES 5.765,012 1.894.440 7.659,452 7.555.699 TOTAL 14ET A55Ers 5.765.012 1,894,440 7,659,452 7,555,699 FUPIDS Unrestritted funds 14 5.765.012 1.894.440 7,659,452 7,555.699 TOTAL FUNDS 5,765,012 7,659N52 7,555,699 The financial staternents were approved by the Board ol Trustees on.......................... and ned n r(s behaw bv.. Kew•l Sin8h Dhirnan T￿aSurer President Jo6a 5In8h Jutley General Secretary Kewal Singh Sahota Holding Trustee 12 RAMfjARHIA 5ABHA. S¢)UTrIALL CASH FLOW STATEMENT forthe year endlng 31 D￿￿Mtyer 2023 2023 2022 RECONCILIATION OF NET EXPENDITURE TO NET CASH FLOW FROM OPERATING AcfiviTIES Net Incorne Adjustments for Depretlatlon charges Revaluatlon of Investment propertles Rents from investments irterest paid Ilncreasel in Debtors In¢reasellOecreasel *n Creditors Net cash provlded by fJp¢r¥tlrtK •rtMtles 103.753 174.764 2ffi33 3.508 1111.7891 171,2501 131.3001 18,800 136,7031 125.822 Cash flow5 from Inve5tln8 attlvhles Interest and rents from Investments Purchase of TarTrgible fixed assets 111.789 71.250 1136,4251 165,1751 111.789 Cash flows from flnancln8 attivttles New loans 150,0001 150,0001 Chawe In tash and cash equl¥•lents In the report4ftg period 75.086 10,647 Cash and cash equlvalents at the beginnin8 of the reporting period 710 7￿.197 C•sh Ind ush equlvalents at the end of the rep)rtln6 perlod 785.930 710,844 Analysls of c•sh and ush oqul¥alents Cash In hand and at bank 785,930 710,844 Analy515 of changes In net debt Atstart of Ca$h-fl•ws Other non At ondof Cash thanies ye•r Cash TOTAL 710.844 710.844 75,086 75,086 785.930 785.930 13 RAMGARHIA SABH& SOUTHALL Notes tothe Flnan¢lal Statements for the year ended 31 December 2023 I ACCOUNTING POLiaES Basis of preparfn8 the fifi•n¢ial rtaternents The financial statements of the charity, which is a public benefit entlty under FRS102, have been p￿pared in accordance with the Charltles SORP IFRS1021 'Accounting and Reporting by Charities.. statement of Recornrnended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS1021 leffettive l January 20191,, Financial Rewrting Standard 102 The Financial Reportin8 Standaid applKable ITr the UK and Republic of Ireland, and the Charities Att 2011. The financial staternents have been prepared under the historical c05t convention. The trustees conslder that there are no rnaterlal uncertalntles about the Charity's ability to continue as a 80ing concern. Funds The charity has two unrestrittÈtl incorne fvnds, one for 8eneral fund and the other for the sports centre. Unrestricted Income funds comprise those funds whKh the trustees are free to use for any purpose n furtherance of the charicable objects. Restricted funds include desi8nated funds where the trustees, have set aside re50ur£es for a specific purpose. Intom* All income 15 recoBnlsed In Statemerf of Flnèncial Actfvitles once the Charlty has entitlement to the funds. it 55 probable that the in¢offle will be recelved and the amount can be rneasured reliably. In¥estm¢nt Inwrne Onty the incoffle gerTrerated by Snwestment building is Ila55ifled a5 Investrnent Income. Where income is received from letting extra space in a byilijing pre dominantly used for charitable activity, this is not classified as rental income. Expendlture Liabilities are reco8nised as expenditure a$ soon asthere is a legal or construCt￿e obliKat¢on cornmlttSn8 the charity to that expenditu￿. it 1$ probable that a transfer of economic benefit5 will be requlred In settlement and the amount of the obligation can be measured reliably. Expenditure Is accounted for on an accruals b351s and has bÈen clas51f￿￿ under headin85 that a88regate all costs related to the category. Irre￿yerab1e VAT Ir￿cOVerable VAT 15 charged 88alnsi the category of expenditure for whlch ￿ was incurred. locatlon of overhead and support costs Support Costs include administrative office fvnttions are allocated to the actlvfty cost categories on a basis consistent wlth the vse of resources. The Sports Centre has it5 direct Costs allocated, there bein8 no allocation ol general overheads as the Sport5 Hall does not recover its direct expendSture. 14 RAMGARHIA SABHA SOUTHALL Notes to the FI￿8￿1•1 Staterneftts forthe year eniled 31 December 2023 Costs of geTreratin8 funds Costs of 8enerating fvnds are those costs incurred In attrartlng voluntsry Incorne, or incurred in trading attivitie5 undertaken to Taise funds. Charlt•ble actI￿tIeS Charltable expenditure cornpri5es those costs incurred bythe charity in the delivery of bts actlvltles for ￿5 beneficiar￿5. It includes both dirett pay and non-pay costs and support costs relatln8 to those actNltles. Governance Costs Governance Costs include those c05t5 a550ciated with meeting the constitutional and statutory requirements of the charfty, and include its audit lees and other sirnilar costs of the charty Includln8 trustee expense Tanglbltfixed assets and depreciatlon All assets costing more than £l.(K>O are capltalised and at hlstoric ¢05t. Flxed assets a￿ stated at cost less accumulated depreciation and any impairrnent. The long terrn leasehold property is written overthe lease term. Depreclatlon is provided at the followin8 annual rates In order write off the cost less estimated ￿SidUal value of each asset over it5 estirnated useful life. The freehold property is valued at historic cost and Is not depreciated, as the Gurdwara and related comrnunity hall are considered to have a useful Ilfe as building of greater than SO years and $0 any depreciation charge is considered immaterral. PLinL machinery. flxtvres and fittings 25% on reducing balance Investment propertv The Trustees ¢la55ify a property as Inve5trnent property where majority of Its income ￿ Snvestment Income. Investment property 15 shown at most recent valuation. Any movefflent Is allocated to its related fvnd. Go¥ernm•nt ¥rznt5 The charity has adopted the accruals model for accountlng of Govemment grants. Government Grants Shall be recognlsed as income on a systematK basis over the periods in which the related costs are Incurred. 2023 2022 2 DONATIONS AND LEGAaES Donation5 Grft Aid Donatlons forlood 350.055 55,4160 28,356 433.871 277,411 64,380 36.106 377.898 3 INVESTMENT INCOME Investment property rental income & bank Intere 111,789 111.789 71,250 71250 4 SPORT CENTRE INCOME Sport5 hall 55.640 55,640 63.529 63,529 RAMGARHIA SA8H& SOUTHALL Notes ttsthe Flnanclal Statements for the year end•d 31 December 2023 2023 2022 5 CHAR￿ABLE AcfiviTIES worSh￿p costs Food Valsèkhi & othercelebration5 Variety show Property rnaintenance and runnln8 Costs Punjabi s¢hool Charity running Costs 74.052 67,779 2L201 7.728 243,378 8,435 3,958 416.531 79,350 23.841 10,334 178.361 4,172 5.402 301,460 6 RAISING FUNDS Advenssln8 etc. 7 SPORT CENTRE COSTS Property costs Other costs 58.140 4,095 61.235 22,843 4,222 27,065 8 OThER COSTS Legal and professional costs AudStors rernuneration Depreciation- General Fund Bank charges Z.1S3 2,074 2,400 3,508 1,36S 9,348 2￿33 1.595 8,781 9 STAFF COSTS Freelantr Iworship costsi Wages and salaries Pension costs 53,469 19,180 41.601 37.267 72,649 78,868 The average monthty number of ernployees durin8the year was as follows.. No ernployee receives totsl employment beneflts of more thars £60.000 No trustees orthe managlng committee have receNed any remuneration or other benefits or expenses fror the Charity There are no key mana¥ement personnel ernployed by the Charlty. 16 RAMGARHIASA8H& SOLIThALL Notes iothe Flnanclal St•ternents for the year ended 310ecember 2023 10 TANGIBLE FIXED ASSÈTS Land & buildings Gurdwara Sports Centre buildin85 Other Total COST ORVALUATION At l January 2023 Additions At 31 December 2023 1,472.010 1.867.288 371.910 3.711,208 IA72,010 1,867,288 371,910 3,711208 DEPREOATION AND IMPAIRMENTS At l January 2023 Depreclatkon At 31 Detember 2023 353.897 2,633 356,530 353.897 2,633 356.530 NET BOOK VALUE At 31 DeCern￿r 2023 At 31 Decernber 2022 1.472,010 1,472,010 1,867,288 1,867.288 15,380 18.013 3.354.678 3357,311 Plant & equipment Flxture and PaintSngs fitting5 Other Total COST OR VALUATION At l January 2023 At 31 December 2023 154,338 154.338 210.087 210.087 7.485 7.485 371,910 371,910 DEPRECIATION ANO Imp￿RMENTs At l January 2023 Depreciation At 310ecember 2023 148,509 1,458 149.967 205,388 1,175 206,563 as3￿97 2,633 356,530 NEY B¢X)K VALue At 31 Decernber 2023 At 31 December 2022 4,371 5,829 3,524 4,699 7.485 7,485 15,380 18,013 17 RAMGARHIASA8H& SOtmiALL Notes tothe Fln•n