- S2tstYts*C. 19 RAMGARHIA SABHA Southall RAMGARHtA SABHA SOUTHALL TRUSTEES ANNUAL REPORT AND FINANCIAL STATEMENrs FOR THE YEAR ENDED 31 DECEMBER 2024 REGISTERED CHARITY NO: 279814 Business Ledger Limited Chartered Certified Accountants ststutory Auditor 3 Waterside Drive Langle!,, Rerkshire
Registered Charity Number.. 279814 Ramgarhla Sabha, Southall Trustees, Annual Report and Flnancial Statements For the year ended 31 December 2024
Ramgarhia Sabha, Southall Contents of the Trustee5' Annual Report and Audlted Financlal Statements for the Year ended 31 December 2024 Page Report of the Trustees Report of the Independent Auditors 8-10 Statement of FInanal Artlvlties li Balance Sheet 12 Cash Flow Statement 13 Notes to the Financial Statements 14-19 The followin8 15 not part of statutory accounts Detslled Income and Expenditure Actount For the year ended 31 December 2024 20-23
Ramgarhla Sabha, Southall Report of the Trustees for the year ended 31 December 2024 The trustees present their annual report and audited financial statements for the year ended 31 December 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities.. 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 IFRS1021 (effective l January 20191. Reference and Admlni5tratlve Information Charity Name Ramgarhia Sabha, Southall Charity Registration Number 279814 Worship Registration Number 72697 Marriage Registrar Number 37841 Principal address 49 - 57 Oswald Road, Southall, Middlesex UBI IHN Statutory Auditors Business Ledger LimSted, Chartered Certlfied Accountants 3 Waterside Drive, Langley Berkshire SL3 6EZ Holding Trustees Tejpal Singh Rayit (Chair of Holding Trustees) Santokh Singh Ubhi Kewal Singh Sahota Surinder Singh Sahans Bhalvinder Singh Virdee President Vice President General Secretary Assist Secretary Treasurer Assist Treasurer Librarian Joga Singh Jutley Manjinder Singh Devgon Surinder Singh Sohal Bakhshish Singh Panesar Kuldip Singh Sehmi Kewal Singh Dhiman Jagiit Singh Jhita Other Trustees Dharam Singh 8hogal Nirmal Singh Bhachu Balbir Singh Gahlr Avtar Kaur Panesar Jasvinder Singh Bhachu Jaspal Singh Jutley Ravinder Singh Kundi Avtar Singh Rehinsl Manjit Singh Jutla Jasbir Singh Ubhi Manjit Singh Sian Paramjit Singh Bhambra Tarlochan Kaur Sagoo Narinder Singh Chana Jaswant Singh Rayet
Ramgarhla Sabha, Southall Report of the Trustee5 ft>r the year ended 31 December 2024 Structure, governance and management. 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 responsibility of the Executive Committee. The Trustees hold the charitvs property intluding land as holding trustee5. Appointment of Trustees is governed by the Trust Deed of the Charity. The members of the Executive Committee are elected each alternate year from the membership of the Sabha. The election takes place after the AGM (March). Any eligible member of the charity may stand for election. New Trustees are briefed by existing Trustees and Executive Committee post holders are mentored by previous post holders. The new Trustees are also shown the resources available on Charity Commission website. The Executive Committee meets monthly. Structure, governance and management. The charity has five holding trustees who hold the charivs property. A management committee, who manage the charity on day-to-day basis, consists of 7 office holders and 15 other members, who hold office for two years. The charity continues to examine ways to improve its management structure. Rlsk Management The members of executive commlttee 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 been set-up comprising of 5 members. Objectlves and artlvltles Our aims The objects of the charity are set out in the charity's governing document and are summarised as follows: To promote the Sikh religion 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'5 guidance on the public benefit ir¢ the Advancement of Religion for the Public Benefit and have regard to it in thelr administratlon of the charity. In doing so, Gurdwara IThe Temple) provides a benefit to the public by:_ l. The maintenance of Gurdwara and the Sports Centre and ancillary buildings: 2. The celebration of Sikh religious festivals; 3. The Conduct of marriage and funeral rites in accordance with Sikh reli8lOU5 observance,. 4. The establishment of a library containing books in both Punjabi and English on Sikh religion, history and culture, we have over 2,000 books in the library: 5. The sports centre is open to all the public from young children to pensioners- activities range from indoor sports and multi- artivities to outdoor sports and other activities including open days etc. The sports centre's activities are subsidised for all. 6. To develop mutual understanding and harmonious relationships with other communities, faith groups and charitable organisations. 7. Where possible raise funds to donate to other charities, nationally and internationally.
Ram8arhia Sabha, Southall Report of the Trustees for the year ended 31 December 2024 Volunteers The Sabha is grateful for the efforts of its many members and other volunteers who have provided goods, services, arrange 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 seNice of the community at large. Religious Se1£eS 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 significant days. 2. The Gurdwara provides services for weddings, funera15. and other religious ceremonies. 3. During Guru Nanak Devji's Birthday and Vaisakhi, the charitie5 members participated Sn ¢eremonial processions held in Southall along with the members of community from other areas including visitors from overseas. This processlon promotes p4Jblic awareness of the Sikh Religion and is used by other charitie5 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 Arjan Dev Ji. 4. Hot meals are seNed every day throughout the day. 5. The Sabha also participated in the Remembrance Day Service with other communities. 6. Religious studies, teaching of Punjabi language, Sikh history culture and music lessons are taught In the Ramgarhia Sabha Southall Sikh Education Centre with over 100 students attending. All the teachers in the school are DBS checked. Students a150 partake in the Vaisakhi Parade at the hoisting of the new flag in April. Adult's classes are also held. The school is registered as an exam centre with Education Examination Boards. Students also participate in the International Sikh symp05ium Conventions in the UK and USA. 7. Eminent Scholars are invited to address the Congregation and the Education Centre. Students from local and other schools and universities around UK visit the charity to learn and understand the Sikh way of life. 8. The charity works closely with Indian High Commission, with local faith groups, other Sikh organisations national and internationally, community organisations, elected councillors, local authorities, and our emergency services. 9. Matrimonial introdudion services are provided to OLTrr communSty. The Sabha is also registered to conduct Civil Marriages. 10. Seminars on general wellbeing and good health, safeguardin& awareness of radicalisation are held in conjunction with local authority and medical service5. 11. Community events are held throughout the year to provide5 a platform to socialise including Variety Show, Annual Dinner, Children's lead monthly religious evenings. 12. As well as providin8 various regular sporting activitie5 during the year, an annual sports tournament is also held in August offering all communities Sn E31ing and beyond to excel in sports and to help and foster good community relations. 13. There is a designated ladies focus group to ensure equality in participation of the Gurdwara activities. 14. We constantly improving our digital capabilities to correspond with our members electronically, to receive donations electronically, improve our website, a digital newsletter. electronic document storage, broadcast our programmes electronically etc. 15. Ensure that our buildings and infrastructLrre are serviced and maintained in accordance with statutory requirements including all relevant certification.
Ramgarhla Sabha, Southall Report of the Trustee5 ft>r the year ended 31 December 2024 Osterley Sports and WellBeing Centre (OSWCI Building works continued during the year to bring the facility into full use. As the building neared completion more and more artivities have been held there. We now have a restaurant with a commercial kitchen, new men's and ladies, toilets including a new baby changing room. On the first floor we have created a conference room with small kitchenette and separate toilets. We are currently looking into hiring the restaurant to a professional caterer to provide a complete service to the community. The original building has been rented to a children's nursery group and the lodge house next door is also rented after major refurbishment during the year. Under the OSWC umbrella we are providing various artivitie5 regularly. In addition, several new attivities such as the Cycle Club, Business and Enterprise Forum, Outdoor Fitness Club. The following Sports and Social facilities at the Tentelow Lane Site are available. Concord Ranger Football Club Cranford Archery Club Osterley Hockey Club Osterley Squash Club Osterley Classic Car Club Osterley Evergreen Senior Citizens Group Osterley Radio Control Club Osterley Women's Well Being Club Osterley Community Farming Osterley Bicycle Club has also recently been added to our portfolio. Project Des18n and Planning The planning work is progressing with Juttla Architects lead by Camille Kaur Soor, who will now be handling the Design and Planning Application. Late Narinder Singh Juttla had already changed the design following feedback from Councillors, Planning officers and Active Ealing who are responsible for Sports facilities in the London Borough of Ealing. We are grateful that his daughter. Camille is now taking the project forward to achieve our goal to get the planning permission. Financial Review ReseNes pollcy The management committee has no established reserve policy other than to malntain sufficlent reserves to meet ongoing expenses. The committee has not committed or planned any major expenditure. Bearing this in mind, the committee feels that it hold5 sufficient reserves to be able to continue its current activities for foreseeable future. Although no contrarts have been given, the committee is planning the following works at the Sabha and OWSC deigns for new sports centre planning application with Juttla Architects as described above Designs for Ramgarhia Sabha front extension with Stones Architects. New fire alarm system in the main Gurdwara complex. IT projects new screens in Darbar Hall and upgrade of the sound system.
Ram8arhla Sabha, Southall Report of the Trustee5 for the year ended 31 De¢ernber 2024 Results for the year The total income increased in the year by £59,127 to £660.427. The total expenditure for the year excluding depreciation decreased in the year from £494,914 to £469,707 caused mainly due to savings in electricity costs, expense on Ramgarhia Hall, and Stores, whilst increasing expenditure on Lodge House and Paath bheta during the year The net movement in funds for the year was E180,49612023 - £103,753) thereby increasing the unrestricted fund5 to £7,839,948 of which £6,848,128 is invested in the charItS totsl fixed a55ets. The charity has net current assets of £991.82012023 - £841,980). Statement of trustee5 responsibilities The trustees are responsible for preparing the Annual Report and the financial statements in accordance with applicable law and regulations. The law applicable to charities In England & Wales, the Charities Act 2011, Charity (Accounts and Reports) Regulations 2008 requires the trustees to prepare financial statements for each financial year in accordance with United Kingdom GenerallyAccepted Accounting Practice (United Kingdom Accounting Standards and applicable lawl. The trustees must not approve the financial Statements unless they are satisfied that they give a true and fair view of the state of affalrs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charity for that period. In preparing these financial statements, the trustee5 are required to.. al select suitable accounting policies and apply them consistently,. bl observe the methods and principles in the Charities SORP,. cl make judgments and accountlng estimates that are reasonable and prudent; dl state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements. el prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue to operate. The trustee5 are responsible for keeping sufficient accounting record5 that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity IAccounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charlty and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Ramgarhia Sabha, Southall Report of the Trustee5 for the year ended 310ecember 2024 Approved by the trustees and signed on their behalf bv.. Joga Singh Jutley ngh Sehmi President Treasurer Surinder Singh Sohal Kewal Singh Sahota General Secretary Holding Trustee Date
Report of The Independent Audltors to the Trustees of Ramgarhia Sabha, Southall Oplnlon We have audited the financlal statements of Rarngarhia Sabha, Southall Ithe 'chariVI for the year ended 31 Oecember 2024which comprise profit and1055, balance sheet. cash flow and notes to the financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financi(71 Reporting 5tundard applicable in the UK and Republic of Ireland Iunited Kingdom Generally Accepted Accounting Practice). In our opinion, the financial statements.. Ive a true and fair view of the state of the chariW5 affairs a5 at 31 December 2024 and of its incoming resources and application of resources for the year then ended,. have been properly prepared in accordance wlth United Kingdom Generally Accepted Accounting Practice; and have been prepared In accordance with the requirements of the Charities Act 2011. 8asls for oplnlon We conducted our audit in accordance with International Standards on Auditing IUKI IISAS IUKII and appllcable law. Our responsibilities under those standards are further described in the Auditorfs responsibilities for the audit of the flnancial 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 financial statements in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and approprlate to provide a basis for our opinion. Conclusions relatlng to going concem In auditing the financial statements, we have concluded that the trustees, use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report. Other information The other information comprises the information included in the annual report other than the financial statements and our aLbditorfs report thereon. The trustees are responsible for the other information contained within the annual 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 express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially incon515tent with the financial statements or our knowledge obtained in the course of the audit or otherwise
Report of The Independent Auditors to the Trustees of Ramgarhla Sabha, Southall Other Information (continued) appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements. we are required to determine whether this gives rise to a materlal misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there 15 0 material mi55tatement of this other information, we are required to report that fact. We have nothing to report in this regard. Matters on whlch we are requlred to report by exception We have nothing to report in respect of the following matters in relation to which the Charities IAccounts and Reports) Regulations 2008 require us to report to you if, in our opinion.. the Information given in the trustees, report Is inconsistent in any material respect with the flnancial statement5,' or sufficlent accounting records have not been kept,. or the financial statements are not in agreement with the accounting records and retums; or we have not received all the information and explanations we require for our audit. Respon51bllltles of trustees A5 explained more fully in the trustees, responsibilities statement set out on page 7 the trustees are responsible for the preparation of the financial statements and for being satisfied that they give 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 charity's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations. or have no realistic alternative but to do so. Auditorf5 responslblllties for the audit of the Ilnancial statements We have been appointed as auditor under section 145 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder. Our objertives are to obtain reasonable assurance about whether the financial Statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditorfs report that includes our oplnion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audlt conducted in accordance with ISA5 IUKI will always detect a material misstatement when it exists. Mi5Statements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic declsions 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 instar)ces of non-compliance with laws and regulations; checking all Statutory ssjbmissions have been submitted on time and are complete including those for The Charlty Commi55ion bl Enquiry of management with regards to actual and potential litlgation and claims.
Report of The Independent Auditors to the Trustees of Ram8arhia Sabha, Southall c} Performing audit work over the risk of management override of controls, including testing of journal entries and other adjustments for appropriateness, and reviewing accounting estimates for evidence of management bias. dl Reviewing disclosures in the tinancial statements and testing to supporting documentation to assess compliance with applitable laws and regulations. el Checking existence and continued use of fixed assets; checking calculations of depreciation: and checking fair valuation of assets. Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statement5, or no-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions 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 involves intentional concealment, forgery. collusion, omission or misrepresentation. A further descriptlon of our responsibilities for the audit of the financial statement5 is located on the Financial Reporting Council's webslte at.. htt vw.frc.or auditorsres onsibilities. This description forms part of our auditorfs report. Use of our report This report Is made solely to the charit$ trustees, as a bodyi in accordance with Part 4 of the Charities IAccounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charity's trustees those matters we are required to state to them in an avditorfs report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charitls trustees as a body, for our audit work, for this report, or for the opinions we have formed. Business Ledger Limited Chartered Certified Accountants Statutory Auditor 3 Waterside Drive Langley, Berkshire SL3 6EZ Business Ledger Limited is eligible 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
RAMGARHIA SABHA SOUTHALL STATEMENT OF FINANCIAL AcnviriES for the year ending 31 De¢ember 2024 Note Unrestrl¢ted Funds 2024 Total Funds 2023 General Fund Sports Centre INCOME and ENOOWMENTS Donations and le8acies Investment income Sport5 Centre TOTAL INCOME 490.6S3 93.158 490.653 93.158 76,616 660,427 433.871 111,789 55,640 601,300 76.616 76,616 583,811 EXPENDITURE Charitable actlvities Raising funds Sports Centre Other TOTAL EXPENDITURE 340,590 340,590 426.531 120.386 120,386 18,955 479.931 62,235 8,781 497,547 18,955 359,545 120,386 NET INCOMEIIEXPENDITUREI 224,266 143,7701 180,496 103,753 TRANSFERS BEfwEEN FUNDS 121,1301 21,130 NET MOVEMENT IN FUNDS 203,136 122.6401 180,496 103,753 RECONCIUATION OF FUNDS Total funds brought forward 5.765,012 1,894,440 7.659.452 7,555,699 Total Fund5 cathed forward 5,968,148 1,871,800 7,839,948 7,659,452 li
IWAGARHIA SOUTHALL BALANCE SHEET AT 31 DECEMBER 2024 Note Unrestrlrted Funds 2024 Total Funds 2023 General Fund Sports Centre FIXED A$5Ers Tangible a$5ets Investments Totolfixed ossets 1.518,046 3.462,794 4,980.840 1.867.288 3,385,334 3,462,794 6,848,128 3.354,678 3.462.794 6.817.472 li 1,867.288 CURRENT A55Ers Debtors and prepayments Cash at bank and in hand Totolturrent 055ets 12 58,450 785,930 844.380 989,708 989,708 6,512 6,512 996.220 996,220 UABIUTIES Creditors.. Amounts fallin8 due wlthln one year 13 I2,4)} 12,CM)01 14,4001 12,4CX)I NET CURRENT ASSETS 987.308 4.512 991.820 841,980 TOTAL ASSETS LESS CURRENT UABiimES 5,968,148 1.871,800 7.839.948 7,659,452 TOTAL NET ASSETS 5,968,148 1,871.800 7,839,948 7,659.452 FUNDS UnrestrKted funds 14 5,968,148 1.871.8Th) 7.839.948 7.659,452 TOTAL FUNDS 5,968,148 1,871,8LTh) 7,839,948 7,659.452 The finandal statements were approved by the Board of Trustees on ......... and were signed on its behalf by.. Joga Sin8h Jutley President Kuldlp Sin8h Sehmi Treasurer Surlnder 51ngh Sohal General Secretsry ewal Sin8h Sahota HoldingTrustee 12
RAMGARHIA SA8H4 SOUTHALL CASH FLOW STATEMENT for the year ending 31 December 2024 2024 2023 RECONCILIATION OF NET EXPENDITURE TO NET CASH FLOW FROM OPEPATING ACTIVITIES Net Income Adjustments for Depreciation charges Revaluation of Investment properties Rents from investments Interest paid Ilncreasel in Debtors Increase/lDecreasel in Creditors Net cash provided by operating artlvltles 180,496 103.753 10.224 2.633 193,1581 1111.7891 58.450 131,3001 158.012 136,7031 Cash flows from investing actlvltSes Interest and rents from investments Purchase of Tangible fixed assets 93,158 140,8801 52,278 111,789 111,789 Cash flows frorn financing ortlvltles New loans Change In cash and cash tquivalenls In the reportlng perlod 210,290 75.086 Cash and cash equivalents at the beglnning of the reporting period 785.930 710.844 Cash and ¢ash equl¥alents at the end of the reporting perlod 996,220 785,930 Analy515 of $h and cash equlvalÈnts Cash in hand and 3t bank 996,220 785,930 Analysis ot change5 In net debt At $tart of Cash-flows Other non- Atend of year Cash chan8es v•ar Cash TOTAL 785.930 785.930 210,290 210,290 996,220 996.220 13
RAMGARHIA SABH& SOUTHALL Note5 to the Flnanclal Statements for the year ended 31 December 2024 I ACCOUNTING POUCIES Basls of preparing the Ilnan¢lal statements The financial statements of the charity, which is a public benefil entity under FRS102, have been prepared In accordance with the Charities SORP IFRS1021 'Accounting and Reporting by Charities.. Statement trf Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFR51021 (effective I january 20191,, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Charities Act 2011. The financial statements have been prepared under the historical cost convention. The trustees consider that there are no material uncertaintles aboyt the Charity's ability to continue as a going concern. Funds The charity has two unrestricted income funds, one for general fund and the other forthe sports centre. unrerICted income funds Comprise those fund5 which the trustee5 are free to use for any purpose in further3nce of the charitable objects. Restrirted funds include deslgnated funds where the trustees, have Set aside resources for a specific purpose. Income All income is reco8nised in Statement of Financlal Activities once the Charity has entitlement to the funds, it 15 probable that the income will be received and the amount can be rneasured reliably. Investment In¢ome Only the Income generated by inve5trnent building is classified as Investment Income. Where income is receNed from lettin8 extra space in a buildlng pre domlnantly used for charStable activity, this is not classified as rentsl Income. Empenditure Liabilities are recognised as expenditure as soon a5 there is a legal or constructive obligation committing the charity to that expenditure. it 15 probable that a transfer of economic benefits will be required in 5ettlernent and the arnount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headin85 that a88regate all costs related to the category. Irrecoverable VAT Irrecoverable VAT is char8ed against the cate80ry of expenditure for which it was incurred. Allocatlon of overhead and support costs Support costs include administrative office funrtions are allocated to the activity cost categorie5 on a basis consistent with the use of resouree5. The Sports cent has Its direct costs allocated. there being no allocation of general overhead5 as the Sport5 Hall does Thot recover it5 dirert expenditure. 14
RAMGARHIA SABHK SOUTHALL Notesto the Financlal statements for the year ended 31 December 2024 Costs of generating funds Costs of generating funds are those costs incurred in attrarting voluntary income. or incurred in trading activities undertaken to raise funds. Charltable artivltles Charitable expenditure comprises those costs incurred by the charity in the delivery of it5 artivlties for its beneficiaries. It includes both direct pay and non-pay costs and Sltpport costs relating to those Governante costs Governance costs include those costs associated with meeting the constitutional and statutory requirements of the charity. and include its audit fees and other 5irnilar costs of the charity includin8 trustee expenses. Tangible fixed asset5 and depreciation All assets costin8 more than £1,000 are capitalised and at historic cost. Fixed assets are stated at cost less accumulated depreciation and any impairment. The long term leasehold property 15 written over the lease term. Depreciation Is provided at the following annual rates in order write off the cost less estimaied residual value of each asset over its estimated useful life. The freehold property 15 valued at historic cost and is not depreciated, as the Gurdwara and related community hall are ¢on5tdered to have a useful life as a buildin8 of 8Teater than 50 year5 and so any depreciation cha¥8e is considered irnmaterial. Plant. machinery, fixtures and fittln85 25% gn reducSng balance Investment propertv The Trustees classify a property a5 Investment property where majority of its income 15 investment income. Investment property is shown at most recent valuation. Any movement is allocated to its related fund. Govemmert 8fant5 The charity has adopted the accrua15 model for accounting of Governmefit grants. Governrnent Grants shall be recognised as Sncome on a systematic basis over the period5 in whlch the related costs are incurred. 2024 2023 2 DONATIONS AND LEGACIES Donations Gift Aid Donation5 for food 384,839 81.105 24.709 490.653 350,055 55.460 28.356 433.871 3 INVESTMENT INCOME Investment property rental income & bank interest 93,158 93.158 111,789 111.789 4 SPORT CENTRE INCOME Sports hall 76,616 76,616 55,640 55,640 15
AMGARHIA SAaHA. soiTfHALL Notes to the Financial Statements for the year ended 31 December 2024 1024 2023 5 CHARITA8LE A1VITIEs Worship costs Food VaSsakhi & other celebrations Variety show Property rnalntenance and running costs Punjabi school Charity running costs 80.601 53.980 17,922 6,153 166,178 10,376 5,380 340,590 74,052 67.779 21,201 7,728 243.378 8,435 3.958 426,531 6 RAISING FUNDS Advertising etc. 7 SPORT CENTRE COSTS Property costs Other costs 113.509 6.877 120,386 58.140 4,095 62,235 OTHER C05T5 Legal and professional c05t5 Auditors remuneration Depreciation- General Fund Bank charges 4,113 2.153 10,224 2,218 18,955 2.633 1,595 8,781 9 STAFF COSTS Freebance Iworshlp costs) Wages and salaries Penslon costs 60,798 15,168 53,469 19,180 75,966 72,649 The average monthly nurnber of employee5 during the year wa5 as follow5.' No employee recelves total employment benefits of more than £60,000 No trustees or the managing commlttee have receNed any remuneration or other benefits or expen5e5 from the charity There are no key management personnel employed by the Charitv. 16
FLAMGARHIA SABHA. SOUTHALL Notes to the Finan¢lal Statements forthe year ended 31 December 2014 10 TANG18LE FIXED ASSErs Land & buildings Gurdwara Sports Centre buildings Other Total COST OR VALUATION At l January 2024 Additions At 31 December 2024 1.472,010 1,867,288 371,910 40,880 412.790 3,711.208 40.880 3.752,088 1,472,010 1,867.288 DEPRECIATION AND IMPAIRMENTS At l January 2024 Depreciation Al 31 December 2024 356,530 10,224 366,754 356.530 10,224 366.754 NET BOOK VALUE At 31 December 2024 At 31 December 2023 1,472,010 1.472,010 1,867.288 1.867,288 46,036 15,380 3,385,334 3,354,678 Plant & equipment Flxture and Paintings fittings Other Total COST OR VALUATION At l January 2024 Additions At 310ecember 2024 154,338 33,000 187,338 210,087 7,880 210.087 7,485 371,910 40,880 412,790 7.485 DEPRECIATION AND IMPAIRMENTS At l January 2024 Depreciatlon At 31 December 2024 149,967 9,343 159,310 206,563 356.550 10.2Z4 366.754 207,444 NET BOOK VALUE At 31 December 2024 At 31 December 2023 28,028 4.371 2,643 3,524 7,485 7.485 46.036 15.380 17
RAMGARHIA SABH& SOUTHALL Notes to the Flnan¢lal Statements forthe year ended 31 December 2024 11 INVESTMENT PROPERTY VALUATION At l January 2024 Revaluation during the year At 31 December 2024 3A62.794 3.462,794 The Trustees and the Executive Committee consider there has not been significant movernent in the market value of the investment property based on resale value of cornparable properties. No change in ¢arryin8 value of the Investment Property is required. 2024 2023 12 DEBTORS Prepayments and accrued income 58.450 13 CREDFTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Other creditor5 4,400 4,400 2,400 14 SUMMARY OF FUND MOVEMENT General Fund Sports CeTrtre Unrestrlrted Funds Total Fund5 At l January 2024 Income Expenditure Transfer At 31 December 2024 5,765,012 583,811 1359,5451 121,1301 5.968.148 1.894,440 76.616 1120,3861 21,130 1.871.8(KJ 7.659.452 660.427 1479,9311 7.659A52 660.427 1479.9311 7,839,948 7.839,948 18
RAMGARHIASABH& SOUTHALL Note5 to the Flnancial Stotements for the year ended 31 December 2024 15 SUMMARY OF ASSETS BY FUND General Fund Sports Centre Unrestrlcted Funds Total Funds Tangible fixed assets Investment Property Current Assets 1,518.046 3,462,794 989,708 1,867.288 3.385,334 3.462,794 996.220 3,385,334 3.462,794 996,220 6.512 Amounts falling due in one year At 31 Decèmber 2024 12,4001 5,968,148 12,0001 1,871,800 14.4001 7.839,948 14,4001 7.839,948 16 REiATED PARTY There are no related party transactions between the charity and the trustees or the manèging Committee. 17 FRC ETHICAL STANDARD- PROV1510N5 AVAILABLE FOR SMALL ENTITIES In common with many other buslnesse5 of our size and nature we use our auditors to a551St with the preparation of the financial statements. 19