Charlty registratlon number.. 282510 RAMGARHIA SIKH ASSOCIATION TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
Ramgarhla Sikh Asgorlatlon ConteDt$ P49¢ Trustees, Report Independent Auditorfs Report ststement of Financlal Actlvltles Statement of Flnonctsl Poslth)n Statement of Cash Flows Note5 to the Statement of Cash Flows Note5 to the FlnJThclal Ststernents LO-16 The tsll¢wlng pJge3 do not lorm part of the statutory accounts.. Detalled Statement of Flnanclal A¢tlvY(les 17-18
Ramgarhia Sikh Assoclatlon Trustees. Report For The Year Ended 31 December 2025 The trustees present their report and the financlal statements for the year ended 31 December 2025. ObJertlv•• and Actlvltles Almj and Objectives The trustees present their report and the financial statemenrs for the year ended 31 December 2025, The charlty Is controlled by Its governing docurnenl, a deed of Trust and constltutes an unlncorporated charity. Slgnlflcant Actlvltl•s The Charlty provldes the followlng facillties to Its congregation from Its letation in Golden Crescent. Hayes. Mi4dlesex. l. Early momlng prayers tlally from 5.00am 2. A full breakfast, lunch and evenlng meal for those that vlsit the tetnple Includlng those In need. A large Thumber of meals are served every day at the temple through charltable donatlons 3. A speclal ladies congregatlDn Is held every Wednesday aftemoon 4. Slkh weddings and funerals In accordance with Slkh 5crlpture5 and rites 5. Children's muslc and language Classe5 that are attended by large number of students for whleh the charlty prevlde5 all 5tstionery and readlng Tnaterials. 6. Health related activltles and awarene5S 7. Annual chlldren's summer camp 8. A full readlng of the 51kh scrlptures 148.hour serwlcel almost every weekend but mostly on 411 Slkh Religlous fe$tival$ and major Sikh rellglous occaslons 9. A full Sunday congregation fr¢m 5.00am tlll 8.30pm whlch can be ottended by over 500 followers at any glven tlrne. The Trustees ore fully cornrnltted to Servlng the Slkh Comrnunlty for the purposes of worshlp by holdlng Sikh congregatlons afid provlding facllltles that Include blrth. death, baptism, and marrlage ceTemonies at the temple. Publlc B•n•flt Publ1¢ B•n•flt The trustee5 conflrm that they have complled wlth the requlrements of Sectlon 17 of the Charltles Act 2011 to have due regard to the Charlty Commission's guldonce on publlc beneflt. A<hl•v•m•ni* Ind P•rformonc• M•ln Achl•v•m•nts l. Sports actlvltles such as tsble tennls, judo and karate are held on a weekly basls 2. Monthly dementlè health asse55ments are performed at the temple 3. Free use of the premise5 for other related art+vltle$ wh¢ look after youngsters to gulde them away frorn drug use and alcohol abuse 4. Weekly lessons for guldènce agalnst antl-soclal behaviour and cyber bullylng are held at the temple 5. NHS health check day Is èlso made avallable for everyone by the charlty Pln•n¢lal R•vl•w Flnanelal Po•ltlon ThE financial 5tandlng of the ChatY remalns solld, with sufflclent resources to support Its ongolng actlvltle5. Inve•tm•nt pullcy and obJectlv•s 1. Short-term lettin9 of the Ilbrary flats an(J the warehouse untll future fundlng and re.¢ev4opment plans are re- established and put Into place for the benefit of the cornrnunity 2. A speclalSst architett who has experlence in the deslgn of slkh temples In the UK has rentlY v151ted the charity and oThgolng discusslons are currently taklng place R•Strv•# Pollcv The charlty Is holdlng reserves as It is contlnulng to pursue a pollcy of refurbishment and expansion of its existing prernSse5. Strurtur•. Governanu and M•n•g•m•nt Governing Documert The charity Is controlled by Irs governlng document, a deed of trust and constitutes an unlncorrorated chartty. Reeruitrnent and appolntm•nt of new trurtee• One trustee must resign at ihe tlme of the general elections, whlch are held every two years. and another one must be ehosen on hl /hor place who muort bo unanimouJly elcctcd by thc 9cncral body. Paye I
Ramgarhla Sikh Assoclatlon Trustees, Report (contlnued) For The Year Ended 31 December 2025 The trustee5 conflrm that they have complied with the requlremeThts of Section 17 of the Ch)rkn'es Act 2011 to have due regard to the Charlly Commission's guidance on publ*c beneflt. R•f•r•nc• and Admlnlitratlv• D•tsll• Trustms T Bhogal S Ja55 J KuThdl Ire51gned 3010312026) K Bansal O Sambhl N Vlrdee lappolnted 1210412026) Ch•rlty Number 282510 Prlnclp•l Addr••• Slkh Temple Golden Cregcent Hayes UB3 IAQ Audltor• The Corporate Pra¢rice Llmlted Chartered Accountants Statutory Audltor5 65 Delamere Road Haye5 Mlddlesex UB4 ONN Page 2
Ramgarhla Slkh Association Trustees. Report (contlnued) For The Year Ended 31 December 2025 st•tsm¢nt ofTNste*#' Rt¥ponsibilitie The trustees are respon51ble for preparing the Trustees, Report and the hn8ncial staternents in aCCordare wlth applicable law and Unlted Klngdorn Accounting Standards (Unrted Klngdom Genernlly Accepted Accountlng Practltrl. The law appllcable t¢ charttles In Englanit and Wales wqulres the trustees to prepare financial statements for each fin8n¢lal year which glve a true and fair vlew of the state of affalrs of the charity and of the IncorniThg resources and appliution of resources of the ch8rity for that period. In preparlng the financial 5taternents the trustees are required to.. select suitable accounting policies and then èpply them ¢ons15tentlyi tsb$erye the methods and prlnclples in the Charlty SORP,. make judgrnents and accouThtln9 estimates that are reasonable and prudent,. • State syhether appllcable accountlng standards have been followed., subject to any departures dlsclosed and explalned in the flnanclal sratements.. and prepare the tinanclal ststement5 on the going concern basls unless it 15 inappropriate to presume that the charity wlll continue In bu51ne55. The trustee5 are responsible for keeplng adequate accounting COrdS whlch disclose wlth reasonable accuracy at anytlme the financlal position or the ch&rity and to enable them to ensure that the accounts comply v41th the Charlties Aet 2011, the Charftles IA¢¢ounts and Reports) Regulètlon5 2008 and the provlslons of the trust deed. They are also responslble for sofeguardlng the a55et5 of the charlty and hence fvr taking reasonable steps for the pventIon and detection of fraud and other Irregularltles. The tru5tee5 are responslble for rhe malntenance and Integrlty of the corporate and financial InforrnatloTh included on the charlty'$ webslte. Leglslatlon In the Unlted Klngdom 9overnlThg the preparotloTh and dlssemlnatlon of finanelol ststements rnay dlfler trom legislatloTh In other lurlsdlctlon$. The trustees. reptsrt was Jpproved by the board of tru5tee5 and slgned on Its behalf bv= D Sambhl Trustee 27 August 2026 Page 3
Independent Audltor's Report to the Members of Ramgarhia Slkh Associatlon Oplnlon We have audited the nnancial statements of Ramgarhia Sikh Assoclatlon Ithe chanty'l for the year ended 31 Decernber 2025 which cornprtse the Statement of FSnanclal Activities (including Incotne and Expendlture Accoufitl. Statement of Financiol Posltien, Ststement vf Cash Flows and the related notes, Includlng a summary of signiflcant accountin9 pollcies. The Ananciol reportlng frnmework that has been applled In their prepèration 15 applicable law and Vnlted Klngdom Accountlng Standards (United Kingdom Generally Accepted Accounting Practkel. Induding FRS 102 'The Financial Reporting Standard appllcable In the UK and RepublSc of Ireland" In our oplnlon the financial statements.. give 4 true and falr vlew of the state of the charlty's affalrs as at 31 December 2025 tf Its Incoming reseurces and pplication of resources, for the year then ended,. have been propedy prepared in accordance wlth Llnited Kingdorn Generally Accepted AccountlTrg Prattl. and have been prepored In actordance v41th the requlrements of the Chorltles Act 2011. B•glJ for Oplnlon We conducted our audlt in accordance Internatlonal Standards on Audlting IUKI IISAS IUKI) and appllcable lav4. Our responslbllltles under those standards are further de5crlbed In the Auditorfs responsSbllitles ler the audit of the fiThanclal statements section of our report. We are Independent of the chadty ITh a¢tordance wlth rhe ethlcal requirernent5 that are relevènt to our audlt of the financlal statements ITh the UK, Includlng the FRC'S Ethlcal Standard, and we have fulfllled our other ethlcal responsibilitie5 In accordance with these requirement5. We belleve that the audlt evldence we have obtalned Is sufflclent ind approprfote to provide 8 ba$ls for our oplnlon. Conclu•lon• Rel•tlff g to Golng C•nurn ITh audlting the flnanclal statements, we have concluded that the trustees. u% of the golng concern basls of accountlng In the preparatlon of the financial statements 1$ appreprlate. 8a5ed on the work we have performed, we have not Identified any materlal ncertaIntleS relatlng to events or condltlons that, Indlvldually or collectlvely, may cast slgnlficant doubt on the charity's ablllty to contlnue a5 O 9oln4 concem for o perlod of at least 12 month5 from when the flnanclal statements are authorised for ls$ve. Our rttpL¥nsibilltles ènd the respon51bllltle5 Of the tNs¢ees wlth respect to 9olng concern are descrlbed In thi relevant sectlons of th15 pOrt. Oth¢r Inforniatlon The other InforrnètlDn compr15es the Informatinn inrliided ITh the. InniJAI report, other than the Ilnanclal stjternents ènd our audltor's report thereon. The trustees are sponsible for the other Inforrnatlon contained wlthln the annual report. Our gplnion on the flnanclal statements does not cover the other Informatlon and wje do not express any ferrn of a55urance eoncluslon theon. In connertion wlth our audlt of the flnanclal statements, our responslblllty Is to read the other Informatio antl, In doing $0, conslder whether the other 1nformatlon Is rnaterially Inconslstent with the flnanclal statements or our knowledge obtalned in the 8udlt or otherwise appear5 to be materially mlsstated. If vle Identlfy such rnaterlal In¢on$lstencles or apPOnt ffloterlal misstatements. we are requlred to determine Y4hether this gives rlse to a materlal rnlsstatement In the hnanclal statements themselves. If, based on the work we have performed, we conclude that there Is a material mlsstatement of th15 other Informatlon, we are requlred to report that fatt. We have nothlng to pOrt in this regard. Matt•rn oth Whlch W• Ar• R•qulred to R•port by Exc•ptlon We have nothlng tD report in respect OF the followlng tnattets in relation to whlch the Choribes IAccount5 and Report51 Regulatlons 2008 requlre us to report to you Ir, In our opinion.. the Informarion given In the Trnstees, Report 1$ inconsistent In any materlal respect with the flnancial statements,. or sufficient accountlng records have not been kept., or the financlal statements are not in agreernent wlth the accountlng records or return5,' or we hove not received all the Informatlon and explanatlons Y4e requi for our audlt. Page 4
Independent Auditor's Report (continued) to the Members of Ramgarhia Sikh Assoclatlon RaipoMlbllltle• of Tru6tses A5 explaSned more fully in the Trustees, Responsibilltle5 Statement set out on page 1-3. the trustees are responslble for the preparatlon of the financlal statements and for hn9 $atisfled that they give a true and fair vlew. and for such internal control as the rrustees determine Is necessary to enable the preparatlon of financial statements thot are free from matenal 15Staternent, whether due to frau¢J or error. In preparlng the financlal statements, the trustee5 are responsible for asse551ng the charlty's 8bllity to continue as a goinp concem, d15closing as appllcable, matter5 related to going concem and using the going concern basis ol accountSng unless the trustees either Intend tts liquidate the charity or to cease operdtlOll5, or have no reali5tlc alternatlve but to do so. Audltor'• Ruponslbllltl¢s lor the Audlt of th• Flnanclal Statm•nts We have beeTh appointed as audltor under section 145 of th¢ Charltles Aet 201 L and report in accordance wlth the Act and relevant regulations m8dè or having effect thereunder. Our oblectlves are to obtain reasonable assurnnce about whether the flnancial staternents as a whole are free from materlal rnlsstatement, whether due to fraud or error, and to Issue an audltor's report that Includes eur oplnion. Reasonable assurance Is a hlgh level ef assurance, but Is not a guarantee that an audit conducted In accordance wlth ISAS IUKI wlll alway5 detect moterlal mls5tatetnent when It exlsts. Mlsstatements can •rf5e frorn fraud or error and are con5IderEd mJterlal If, Individually ar In the agggate, they could reasonably be expected to influence the economlc decisions of u5er5 taken on the basls or these financial statements. The extent t¢ vlhleh our procedures are capable of detectlng irregularltles, Includlng frnud 19 detsiled beltsw., Non-compllance vlith law5 and re9ulatlons Enqulry of fflaThagement and those charged wlth governance around actual and potentlal Iltlgatlon tlalrns. Revlewing mlnutes of meetings of those charged with govemance, Ileviewing flnancial 5taternent dlsclcsures and testing to supportlng documentatlon to assess cornpllance wlth appllcable law5 and re9ulatlons. Mènagernent ovethde ol controls Audltlng the risk of managernent override of contrels, Inclu¢ln9 through testlng journal entrles and other adjustments for approprlateness, and evaluatlng the bu51ne55 ratlonale of slgnlficant transactlons outside the normal course ol bvslness. A lurther descrlptlon of our responsibilitles for the audlt of the finoncial statements Is located on the Flnanclal Reportlng Councll's webslte www.frc.ory.uklauditorsresponslbllltles. This descrSptlon forms part of our audltor's report. Use Of Our R•port Thls report is rnade solely to the charity's trustee5, as a body. In •ccordance wlth Part 4 of the Charftles (Accounts and Reports) Regulation5 2008. Our audit work ha5 been undertaken so that we ml9ht state to the charlty's trustees those rnotters that we a requlred to state to thern In an auditor's report and for no other purpose. To the fullest extent permltted by law, we do not accept or assume respon51blllty to anyone other than the chaNty and the chadty's trustees as a bodyi for our audlt work, for thls report, or for the opinlon$ we have foryred. Th orporate Practice Lirnited 27 August 2026 The Corporate Prnctlce Llmited Chartered Accountants and Statutory Audltors 65 Delamere Road Hayes Mlddlesex U84 ONN The Corporate Practice Limited 15 ellgible for appolntment as auditor of the Charlty by vSrtue of Its ellglbS1Sty for appolntment as auditor of a company under secknon 1212 of the Companles Act 2006. Page S
Ramgarhia Sikh Assoclatlon statement of Flnanclal Actlvltles For The Year Ended 31 December 2025 2025 2024 uthre•trietsd Unr¢strSctsd fund• fundj Not INCOME AND ENDOWMENTS FFIOM: DonaUon5 and leg8cles Investrnents 786,319 118,851 669,287 109,447 905,170 778,734 EXPENDITURE ON: Ralsln9 funds 1356,0571 1259,625} NET INCOME BEFORE IP4VtSTMeNT GAIP4S Net Ilossesllg•iny on Investments 549,113 1479.1351 519,109 61,584 NET LNCOME 69,978 560,693 NET MOVEMENTJ14 PU14DS RICONCILIATION OF FUPIDS,. Tot81 fund$ brought lorward 69,978 580,693 5,415,659 4,834,966 TOTAL FUNDS CARRIED FORWARO 19 5,485,637 5,415,659 The notes on pages 9 to 16 lorm part of these flnanclal statements. Page 6
Ramgarhla Sikh Association Statement of Flnancial Posltlon As At 31 December 2025 2025 2024 Unretri¢ted fund¥ Totsi funds Not FIXED ASSETS Tanglble Assets Investment Prnpertles 12 817,207 809.326 2,860.865 3.340.000 3,678,072 4,149.326 CURRENT ASSETS Debtors 14 84,779 88,420 2,363,018 1.863.923 C45h at bank and In hand 2,447,797 1.952,343 Crdltor•: Amounts Falllng Du• Wlthln On• Y••r 15 167,3071 180,0551 NET CURRENT AET9 (LIABILITIES) 2,380,490 1,872,288 TOTAL ASSETS Less CURRENT UABILmi$ 6,058.562 6.021,614 Cr•dltor•: Amounts Palllng Du• Aft•r Mor• Th*n On• Y••r 16 1572,9251 1605,9551 NET ASSETS 5,485,637 5,415,659 PUNDS OP Tme CHARITY Unrestrlcted Fund5 5,485,637 S,415.659 TOTAL FUNDS 19 5,485,637 5.415,659 On behalf of the board D Sambhl Trustee 27 August 2026 The notes on page5 9 to 16 fomi part of these flnancial statements. Page 7
Ramgarhla Slkh Assoclatlon Statement of Cash Flows For The Year Ended 31 December 2025 2025 2024 Not•1 Ca•h flow4 from op•ratlng actlvltl•s Net cash generated from operatlons Interest paid 514,772 144,630} 429,182 152,9561 Nel ush generated from operating activits 470,142 376,226 Cah Ilow• from Inv••tlng ortlvltl¢• Purchase of tanglble a55ets Interest received 131,914) 1,420 106,027 Rents ceIVed from Investment propert*s 118,851 Net cash generated from Investlng actlvltles 86,937 109,447 C4•h flow• from 1finalng actl¥ltl•% Repayment of bank borrowln9$ 157,9841 160,8241 Increase In co5h and cash eouivalent$ Cash and cash equivalents at beglnnlng of year 499,095 1,863.923 424,849 1,439,074 Cash and co5h equlvalents at end of year 2,363,018 1,863.923 Page 8
Ramgarhia Sikh Association Notes to the Statement of Cash Flows For The Year Ended 31 December 2025 l. R•conclll•tlon of Incom• to ca•h 94n•rat•d from op•rntlo 2025 2024 Net Sncome 69,978 580,693 Adjustments for.. Interest expense Interest incorne 44,630 52,956 11,4201 1108,0271 12,397 {61,5841 Income from invtmentS DepreclatSon of tangible assets Net falr value b55es/lgainsl recognised In proflt or loss Moven7ents In worklng capltal.. Decreaselllncreasel In trade and other debtors Increage in trade and other credltors 1118,8511 24,033 479,135 3,641 12,206 {46,5551 722 Net cash 9enerated from Operatn5 514,772 429,182 2, Ca•h and £•h •qulval•nts C•$h •nd cash equivalents, as stated In the Statement ol Cash Flow$, relates to the followlng Items In the Balance Sheet.. 2025 2024 Cash at bank and In hand 2,363.018 1,863,923 3. An•ly•l• •f th•ng•• In n•t fund• A••ti J4nu•ry 2025 C•h flowi AJat3A D•c•mb•r 2025 Cash at bank and In hand Debts falllng due wlthln one year Debts falllng due after rn0 than one year 1,863,923 161.4191 1605.9551 499,095 24.954 33.030 2,363,018 136.4651 1572,9251 1,196,549 557,079 1,753,628 Page 9
Ramgarhla Slkh Associatlon Notes to the Financlal Statements For The Year Ended 31 December 2025 l. Gen•ral Intormatlon Ramgarhla Sikh Association 15 an unineorptyrnted charlty registered with the Charity Commission, reglsrered charlty nurnber 28251D. The prlnclpal address is Sikh Temple Golden Crescent , Hayes, U83 IAQ. 2. Accountino Pollcle• 2,1. B•l• of Prep4ratlon of Fln4nclJl Ststem•nt• The flnanclal statements have been prepared in aceardance wlth the Chadtles SOKP IFRS 1021 "Accounting and Reportlng by Charitle$'. statement of Recommended Practice applicable to charltles prepadng thelr accounts In arcordaThce v4ith the Financlal Reportlng Standard applicable in the UK and Republlc of Ireland IFRS 1021 (effective I January 20191" Flnanclal Reporting standard 102 The Flnancial Reporting Standard applicable In the UK and Republic of Ireland and the Charities Act 2011. The chartty Is a Publlc 8eneflt Entity as defined by FRS 102. 2.2. Golng Conc•rn Dl¥cloJur• The twstees have not entIfIed rnaterfal uncertalntles related to events or condltlons that may cast $lgnlficant oubt about the charlty's ability to continue a5 a golng concern. 2.3. Fund Ac¢ountlng Unrestricted funds can be used In accordance wlth the th8rltable oblectlve5 at the dlscretlon of the trustees. Deslgnated funds comprfj5e uThrestrlcted funds that h)ve been set aslde by the tru5ttts for a speciflc purpose. Restrlcted lunds are to be used for specSfSc purposes a5 laid down by the donor. Further explanation or the nature and purpose of each fuThd 15 Included In the notes to the flnarKlal statements. 2.4. Inc•mlng Rè•our¢•• Income Is reco9n15ed wheTh the charlty 15 legally entitled to It aftef any performance condltlons have been rnet, the amounts can be rneasured lIably1 and It Is probable that Income wlll be recelved. Cash donatlons are recegnlsed on recelpt. Other donatlons are recognised once the charity has been notified of the donation, unless perfomwnce condltlens requlre deferrol of the amount. Income tax recoverable In relatlon to donatlon5 recelved under Glft Ald or deeds of covenant Is recogn15ed at the tlme of the donatlon. Legacle5 are recognlsed on recelpt or OtherlSe Ir the charlty has been notlfled of on Impending dlstrlburign, the amount Is known, and receipt Is expected. If the amount 15 not known, the legacy Is treated as a contlngent aS5et. 2.S. Re•our¢•• Exp•nded Expenrtiture is recognlsed once there is a legal or t¢rstruttive obllgetlon to transfer economlc beneflt to a thlrd party, it is probable thèt a transfer of economic benellts will be reouired In settlement, and th¢ amount of the obligatlon can be measured reliably, Expendlture Ss dasslfied by actlvity. The costs of each 8rtivlty are made up of the total of direti tttsts shared COSts, includlng support costs involved In undertaklng each activity. Direct costs attributable to a single activity are allocated directly to that attivity. Shared costs which contribute to morp than one actlvity and suppert costs whlch are not attdbutable to 1 51ngle attivlty are apportloned between those actlvitle5 on a basis conslstent wlth the use of resourc. Staff ccsts are allocated on the basis of time spent, and depreciation chorge5 are allocated on the portlon of the asset'5 use. 2.6. T•nglble Flx•d Assets and D•pr•¢l•tlon TrTrgible fixed assets are rneasured at cost less accumulated deprEciatlon and ony accurnulated Impairment k)55es. Depreeladon Is provided at rates calculated to wrlte off the cost of the flxed assets, less their estimated resldual v#lue, over their expected usthl Ilves on the followlng base5'. Freehold Plant & Machlnery 2% per annum 15% on reduclng balance basls Page 10
Ramgarhla Sikh Association Notes to the Flnancial Statement$ (contlnued) For The Year Ended 31 Decernber 2025 2.7. Inveotment Propertles All intrestrnent properties are carried at falr value detemiined anfiually and deThved frorn the cUrnt market rents and invegtrnent property yields for comparable real estate, adjusted If necessary for any dIfferen in the nature, locatlon or condltlon of the speclflc asset. No depreclatSon Is provided for. Chan9es in fair value are reco9nlsed in the statement of financlal actlvltles. 2.8. Ca¥h and Cuh Equlvalents Cash and cash equivalents are baslc flnonclal assets and include cash in hand and deposlts held at call with banks other 5hort-terrn hSghly Ilquld Investtnents that rnature in no more than three months from the date of acqulsltlon and are reodlly convertlble to è known amount ol co5h wlth Inslgnlficant rlsk of change in value. bank OVErdrafts. 2.9. Fln•ncS•l Instrum•nts The charlty ha5 elected to apply the provlslons ef Sèction 11 '8aslc Flnanclal Instruments, and Sectlon 12 '0ther Flnancial Instruments Issues, ef FRS 102 to all of It5 flnanclol Instruments. Flnanclal Instruments are recognised ITh the charlty'$ balance Sheet when the chorlty becomes patty to the contractual prov151ons ol the Instrument. FlTr8nclal assets and Iiabllitie5 are offset, wlth the net amount$ presented In the financial statements, Ylhen there Is le9ally enforceable right to set off the Tecogn15ed amounts and there Is an Intentlon to settle on a net basls or to reallse the a55et and settk rhe Ilablllty slmultaneously. Baslc fin&nclal assets Ba51c financial assets, whlch In¥ude debtors and eash and bank balances, are Initlally measured at trans•ctlon prke Including traThsoctlon costs and subsequently carrled at amortised cost using the effective ifjtere5t method unless the orrangement COn5titute5 a finoncing transactlon, where the transaction is measured at the present value ef the futts recelpts discounted at a market rate of Interest. Flnan¢lal a55et5 clas51fled as recelvable wlthin one year are not amertlsed. slc flnancial Ilabllltle5, Includlng credltois and bènk loans are Initially recogn15ed at transortlon pdce unless the 4rr(Ingement constltutes a flnanclng transactlon, where the Oebt Instrument Is measured at the present value ef the luty payrnents d15COUnted at a market rate of Inte$t. Financial Ilabllltles classlfled as payable wlthln one year are not amortised. Debt Instruments are subsequently camed at amortlsed cost, u$in9 the effectlve Interest rate method. Trade credltDrs ire obll9atlons te pay for goods or servlces that have been acqulred In the erdlnary ceurse of operatlon5 from supplSers. Amounts paybble are classified as current Iiabillties If payment Is due thIn one year or le55. If not, they are presented as non-current Ilablllties. Tra(Je credltors a recognised initially at transattion pdce nd subsequently measured at amortlsed cost uslng the effective Interest rnethod. DerecognltSon of flnanclal Ilobllitles Flnanclal Ilablllties are dewognlsed when the charlty'5 COntractu41 obllgatlons expl or are dlscharged or cancelled. Incom• from Donatlon• and Lvg•cl•• 2025 2024 UnrestrlLtsd Unr¢•irl¢t•d funds Donètlons and gifts Gift Jid 775,319 11,ooD 615.507 53.780 786,319 669,287 In¥eJtment Jth¢om• Page 11
Ramgarhla Slkh Associatlon Notes to the Financlal Statements (contlnued) For The Year Ended 31 December 2025 Z025 2024 VnreJtrl¢t•d Unrestrlctqd lund6 Bank Interest receSvable Rents recelved from Investment propertles 1,420 108,027 Il8.851 118,851 109,447 5. N•t Income/(Exp•ndltur•> The net Income Is stated after charglng/lcreditln91'. 2025 2024 Depwlatlon of taThglble flxed assets - owned 24,033 12,397 6. An•ly•l* of Exp•ndltur• 2025 Actl¥ltl und•rtak•n Support dlr•ctly colts (see nore 7} 15ee note 81 Total Ralslng fund$ 72,163 283.894 356,057 2014 Actl¥btl•• und•rtak•n Support dlr•ctly ¢4•ts (see note 71 Isee note 81 Tot•1 Ralsing funds 50,576 209,049 259,625 7. Dlrect ColtB 2015 2024 RaSslng fundi Ralklng fund• Cosr of goods sold.. Langer Spend Waste disposal 69,769 2,394 48,958 1,618 72,163 50,576 Page 12
Ramgarhia Slkh Assoclatlon Notes to the Financlal Statements (contlnued) For The Year Ended 31 December 2025 8. Support Cojts 2025 2024 R)1glng ftd• Ralslng fund Employee cost5 Premlses expenses Gener81 administration 62.766 111,409 41,056 24,033 44,630 52,239 $4,386 36.804 12,397 53,223 Depreciatlon Interest payable 283,894 209.049 9. Audltor'g R•muner•tlon Rernuneratlon received by rhe charlty's audltors and thelr a550date5 durtng the year wa5 as follows.. 2025 2024 Audlt S•rvlce• Audlt of the cofflpany's flnanclal statements 7,000 6,000 10. Staff Colts Staff costs were as follows.. 2025 2024 Wages and salaries Soclal 5ecurlty costs Other penslon costs 61,298 248 1,220 49,860 2,359 62,766 52,239 No employee5 recelved employee benefits (excdIng ernployer pension costs) for the reportlng perlod of more than £60,OCO. 11, Av•rag• Numb•r of Employe Average number of employees durfng the year w8$.. 3 12024.. 2) 12. T•n9lble A•Mts Land & Prop¢rty Pr¢•hold Plant & M4chln•ry Total Cojt or Voluatlon As at l January 2025 Addition5 789,297 30,000 109,121 1.914 89B,418 31.914 As at 31 Oecernber 2025 B19,297 111.035 930.332 .CONTINUED Page 13
Ramgarhia Sikh Assoclatlon Notes to the Flnanclal Statements {contlnued) For The Year Ended 31 December 2025 Depreclation As at l January 2025 Provided durlng the period 7,533 7,593 81,559 16,440 89,092 24,033 As at 31 December 2025 15.126 97.999 113,125 Net Book V•lu As at 31 December 2025 804,171 13,036 817,207 As at l January 2025 781,764 27,562 809,326 13, In¥••tment PrOrty 2025 P•lr Valu• A5 at l January 2025 Revaluatlons 3,340,000 1479,1351 A5 Ot 31 Decernber 2025 2,860,865 14. D•btor• 2025 2024 Du• wlthln on yr Other del)tors 84,779 88,420 15. Cr•dltorJ: Amouftt• Folllng Due Wlthln On• Y••r 2015 2024 Bank loan5 and overdrafts other credltors Trxation and socljl SecUtY Accrua15 and deferred Incorne 36,465 9,664 821 20,357 61,419 6,000 12,636 67,307 80,055 16. Crndltsr•: Amounts Falllnq Due Aft•r More Than Oth• Y•r 1025 2024 Bank loans 572.925 605,955 Page 14
Ramgarhia Sikh Association Notes to the Flnanclal Statements (contlnued) For The Year Ended 31 December 2025 17. Loans An analysis of the maturlty of loans is given below.. 2015 2024 Amounts falllng due within one year or on demand., Bank loans 36.465 61.419 2025 2014 Amounts f¢lllng due between one and five years.. Bank loans 572,925 605,955 18. Penilon Commltmqnt• The chartty operate5 a deflned contrlbutlon penslon scheme. The assets of the Scheme are held separately Irom those of the Charlty In an Independentty adffllnlstered fund. Durlng the year the chorge to the statement of flnanclal actlvltles In respect ol dellned contrlbutloTh $chtme5 was £1,220 12024.. £2,359). At the st)tement ol flnanclal p055tlon date contrlbutlons ol ÉNIL were due to the lund and ère Included In creditors. 19. Mo¥•m¢nt In lund• A••ti January 2025 Asat31 D•cemb•r 2025 Incr•m• Exp•ndStur• Unr••trlrt•d fund• General.. General unrestrtcted fund 5,415,659 905,170 1635,1921 5,485,637 Total fynd• S,415.659 905.170 1835.1921 5.485,637 A•thtl January 2024 Asat31 Dec•mb•r 2024 Incgm• Exp•ndl¢ur• Unr••trlct•d fund General.. General unrestrlcted fund 4,834,966 778,734 1198.0411 5.415,659 Trt•l fund• 4,834,966 778,734 {198,0411 5,415,659 20. Traniactlon* wlth Tru•te•s None of the trustees recelved any rernuneration or any other bendts frorn an employment wlth the charSty or a related entity duThn9 the current or PvIOuS year. No trustee expenses have been Incurred. Page 15
Ramgarhla Slkh Assoclatlon Notes to th• Flnanclal Statements (contlnued) For The Year Ended 31 December 2025 21. Ra1&t Party Dlsclo%ur•s There have been no related pbrty transactlons In the reporung perlod that requlre dlsclosure. Page 16
Ramgarhia Sikh Assoclatlon Detalled Statement of Financial Activities For The Year Ended 31 December 2025 2025 2024 Total fundi Tot•1 funds IP4CQME AND ENDOWMENTS FROM: Donatlon• and lèpacl Donatlons and glfts Gift aid 775.319 11,000 615,507 53,780 786.319 669,287 Inve•tm•nts Rental Income from investment property Bank Interest re1vable 118,851 108,027 1,420 118,851 109,447 905,170 778,734 EXPE14DITURE ON: R•l•lng lund• Langer Spend Wwte disposal Wages and salarle5 Employers Nl Empk)yer$ pen51on5 deflned contrlbutlons scherne Rate5 Llght and heat Llght and Heat - pOr year Repalrs. renewals and rnolntenonce Insuran Prlntln91 Postage )nd stationery Telecommunlcations and data Costs Audlt fees Accountancy lees Le9al lee9 Pmfesslonal fee$ Subscrlptlons Charltoble donatlons Other offlce costs DepciatIOn Bank interest poyable (69,7691 12,3941 161,2981 12481 11,2201 130,5351 162,3361 116,5381 17,7061 17,2211 11,8941 11,6301 {7,0001 148,9581 11,6181 149,8801 12,3591 129,6861 124.700) 113,3231 18,3691 11,6721 11,6351 16,0001 13,0001 12,5601 112,0161 11,8861 12501 15001 19531 124,0331 144,6301 12251 112,3971 {53,2231 1356,0571 1259,6251 (356,0571 1259,6251 NET INCOME BEFORE INVEsfMENT GAINS 549,113 519,109 N•t {108Jes}/galn• on Inve•tment• Fair value Ideficltl/surplus Dn valuation of Investmerst property 1479,1351 61,584 1479,1351 61,584 .CONTINUED Page 17
Ramgarhia Sikh Auoclatlon Detslled Statement of Financlal Actlvltles {contlnued) For The Year Ended 31 December 2025 NETINCOME 69,978 580,693 Page 18