Registered Charity Number 286079
Sikh Association Kingston
Report and Unaudited Accounts
31 March 2023
Page 1
Sikh Association Kingston Report and accounts Contents
| Page | |
|---|---|
| Trustees' Report | 3 |
| Statement of Financial Activities | 4 |
| Balance sheet | 5 |
| Notes to the accounts | 6 |
| Schedule to the Statement of Financial Activities | 9 |
| Independent Examiner's Report | 10 |
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Sikh Association Kingston
The report of the trustees for the year ended 31 March 2023
Introduction
The trustees present their annual report and accounts for the year ended 31 March 2023.
The board of trustees are satisfied with the performance of the charity during the year and the position at 31 March 2023 and consider that the charity is in a strong position to continue its activities during the coming year, and that the charity's assets are adequate to fulfill its obligations. The trading name of the Charity was Gurudwara Guru Har Rai Sahib Ji.
Objects
The objects of the Gurudwara are to advance, permit and propagate the Sikh religion in Kingston and surrounding area by
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celebrating the principle Sikh Religious Festivals
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by extending a welcome to all Sikhs Newly arrived in or visiting the area
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managing the Gurudwara in accordance with Sikh tenents and local Government rules and regulations.
Reference and Adminstrative Details
| Principal address | 58 Lower Marsh Lane |
|---|---|
| Kingston Upon Thames | |
| Surrey | |
| KT1 3BJ | |
| Charity Registration Number | 286079 |
| Trustees | |
| Mr Harpreet Singh Khurana | |
| Mr Jani Singh | |
| Mr Jagandar Singh | |
| Mr Mehar Budhraja | |
| Mr Preet Singh Gulati |
Structure, Governance and Management
Organisational Structure
The Holding Trust board consists of 21 members elected by the executive committee for a term of office not exceeding five years.
New Holding Trustees may be elected on recommendation of the executive committee, to be endorsed by the Sikh congregation at the annual general meeting.
Governing Document
The Charity is controlled by its governing document, a deed of trust, and constitutes an unincorporated charity
Risk Management
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
Background
The management committee is thankful to all the worshipers for their generous donations and continued financial support in making it a successful year for the congregation. Also provided financial support to Guru Nanak Darbar with the New Building project of Gurudwara Sahib.
On behalf of the board of Trustees
…………………………… …………………………… Mr Jani Singh - Trustee Mr Preet Singh Gulati - Trustee Date: 21 August 2024 Date: 21 August 2024
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Sikh Association Kingston Statement of Financial Activities for the year ended 31 March 2023
| Notes Incoming resources Incoming resources from generated funds Donation & Grants 1 Total incoming resources Activities furthering charitable objects 4 Management & administration of charity 5 Total resources expended Fund balances - surplus in the period Balance brought forward Balance carried forward |
Unrestricted Total Last Year Funds Funds Total Funds 2023 2023 2022 £ £ £ 122,820 122,820 132,915 122,820 122,820 132,915 30,441 30,441 15,662 61,687 61,687 43,916 92,128 92,128 59,578 30,692 30,692 73,337 611,112 611,112 537,775 641,804 641,804 611,112 |
|---|---|
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Sikh Association Kingston Balance Sheet as at 31 March 2023
| Notes The assets and liabilities of the charity : Fixed Assets Tangible assets 7 Total fixed assets Current assets Cash at Bank Other Debtor / Short term loan Cash in Hand Total current assets Creditors: amounts falling due within one year 8 Net current assets Total assets less current liabilities Net assets Financed by Accumulated funds Balance b/f - Unrestricted Fund balances - surplus in the period - Unrestricted Balance c/fwd (Unrestricted) -------------------------------------------- Mr Jani Singh - Trustee |
37,969 140,000 15,159 193,128 24,002 611,112 30,692 |
2023 2022 £ £ 472,678 437,337 472,678 437,337 30,914 140,000 21,861 192,775 19,000 169,126 173,775 641,804 611,112 641,804 611,112 537,775 73,337 641,804 611,112 - - -------------------------------------------- Mr Preet Singh Gulati - Trustee |
|---|---|---|
Approved by the trustees on 21 August 2024
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Sikh Association Kingston Notes to the Accounts for the year ended 31 March 2023
1 Accounting policies
Basis of preparation of the accounts
The financial statements have been prepared under the historical cost convention and in accordance with :
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(a) Part VI of the Charities Act;
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(b) the Charities (Accounts and reports) Regulation 1995 and 2000;
(c) the Statement of Recommended Practice 'Accounting and Reporting by Charities' issued in October 2000 "SORP 2008") by the Charity Commission for England and Wales;
(d) applicable UK Accounting Standards issued or adopted by the Accounting Standards Board; and
Incoming Resources
Incoming resources are accounted for on an accrual basis on the statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.
Resources Expended
Expenditure is accounted for on an accrual basis and has been classified under the headings that aggregate all cost related to that category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on the basis consistent with the use of its resources.
Corporatioin Tax
The charity is exempt from tax on its charitable income and gains falling within section 505 of the Taxes Act. No tax charges have arisen in the charity.
Bank Interest
Bank interest is recognised as an incoming resource when it is credited to the bank statement. All bank interest is treated as unrestricted income to the General Fund.
Fund Accounting
Incoming resources that may be applied for the Gurudwara's general purposes are treated as Unrestricted' incoming resources and are credited to the 'Unrestricted Funds'.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
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Sikh Association Kingston Notes to the Accounts for the year ended 31 March 2023
| 1 Incoming resource 2023 £ Donations & Grants 122,820 2023 2 Bank Interest £ Interest received (Gross) - 3 Costs of Generating Voluntary Income 2023 £ Support Costs - 4 Activities furthering the charitable objects 2023 £ Groceries and Langar facilities 29,521 Rent, rates & service charges 365 Bank charges 555 30,441 5 Management and Administration of the charity 2023 £ Ragi Jathe and Granthi 19,739 Light & heat 12,594 Decoration and poshaki 1,277 Depreciation 2,139 Premises repairs & renewals 21,777 Telephone expenses - Insurance - Cleaning expenses 4,161 61,687 |
2022 £ 132,915 2022 £ - 2022 £ - 2022 £ 15,490 67 105 15,662 2022 £ 23,840 7,064 1,527 2,139 5,291 - - 4,056 43,917 |
|---|---|
6 Trustees' Remuneration and Benefits
There were no trustees' rumeneration or other benefits for the year ended 31 March 2023
Trustees' Expenses
There were no trustees' expenses for the year ended 31 March 2023
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Sikh Association Kingston Notes to the Accounts for the year ended 31 March 2023
| 7 Tangible Fixed Assets Cost At 1 April 2022 Additions Disposal At 31 March 2023 Depreciation At 1 April 2022 Charge for the year At 31 March 2023 Net Book Value At 31 March 2023 At 31 March 2022 |
Equipments Land & Building £ £ 13,370 428,780 - 37,480 - 13,370 466,260 4,813 - 2,139 - 6,952 - 6,418 466,260 8,557 428,780 |
Total £ 442,150 37,480 479,630 4,813 2,139 6,952 472,678 437,337 |
|---|---|---|
10 Movement in Funds
| Unrestricted funds | At 1 April 2022 Net Movements31 March 2023 in funds £ £ |
|---|---|
| General Funds | 537,775 30,692 568,467 |
| 537,775 30,692 568,467 |
|
| Net movement in funds, included in the above are as follows: | |
| Unrestricted funds | Incoming Resources Movement in resources expended Funds £ £ £ |
| General Funds | 122,820 (92,128) 30,692 |
| 122,820 (92,128) 30,692 |
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Sikh Association Kingston Schedule to the Statement of Financial Activities for the year ended 31 March 2023
| Voluntary Income Unrestricted Funds: Building Funds Unrestricted Funds: General Donations Unrestricted Funds: Golak Donation Unrestricted Funds: Karah Prasad and Ardas Unrestricted Funds: Sukhmani Sahib & Akhand Path Investment Income Bank interest received (Gross) Total Incoming resources Resources Expended Specific governance costs Employee costs: Granthi Sahib Bheta Ragi Jathe and lecturers Premises Costs Rates, water and service charges Light and heat Depreciation Premises repairs and renewals Decoration General administrative expenses: Remuneration - Raagi Jatha and Pathees Subscriptions Cleaning & hygiene Telephone Bank charges and interest Groceries and Langar Total governance costs after reallocation |
2023 £ - 61,099 44,613 - 17,108 122,820 - 122,820 - 11,402 8,337 19,739 365 12,594 2,139 21,777 1,277 38,152 4,161 - 555 29,521 34,237 92,128 |
2022 £ - 74,100 42,185 - 16,630 132,915 - 132,915 - 9,000 14,840 23,840 67 7,064 2,139 5,291 1,527 16,088 - - 4,055 - 105 15,490 19,650 59,578 |
|---|---|---|
The basis for the allocation of costs as shown above is explained in the accounting policies and the notes to the accounts.
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Sikh Association Kingston Independent Examiner's Report to the trustees of the charity
Report of the Independent Examiner to the trustees of Sikh Association Kingston
on the accounts of the Charity for the year ended 31 March 2023
We report on the accounts of the Sikh Association Kingston Charity for the year ended 31st March 2023, which are set out on page 3 to 9.
This report is made solely to the Sikh Association Kingston's trustees, as a body, in accordance with section 6(4) the Charities Act 2011 ("Act"). My examination has been undertaken so that we might state to the trustees those matters we are required to state to them in an independent examiner's 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 Association and the Association's trustees as a body for my examination, for this report or for the opinions we have formed.
Respective responsibilities of trustees and examiner
As the charity's trustees, you are responsible for the preparation of accounts. You consider that the audit requirement of section 6(4) of the Charities Act 2011 does not apply and that an independent examinations is required.
It is my responsibility to :
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examine the accounts under section 6(4) of the Act.
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to follow such procedures laid down in the General Directions given by the Charity Commissioners under section 6(4) of the 2011 Act
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to state whether particular matters have come to my attention.
Basis of opinion and scope of work undertaken
We conducted our examination in accordance with the General Directions given by the Charity Commissioners for England & Wales in relation to the conducting of an independent examination. An independent examination includes a detailed review of the accounting records kept by the Charity and of the accounting systems employed by the Charity and a comparison of the financial statements with those records. It also includes consideration of any unusual items or disclosures in the financial statements , and seeking explanations from you as trustees concerning such matters. The purpose of the examination is to establish as far as possible that there have been no breaches of the Charities legislation and that the financial statements comply with the Statement of Recommended Practice issued by the Charity Commissioners for England & Wales (effective April 2005), on a test basis, of evidence relevant to the amounts and disclosures in the financial statements.
The procedures undertaken do not provide all the evidence that would be required in an audit , and information supplied by the trustees in the course of the examination is not subjected to audit tests or enquiries, and consequently we do not express an audit opinion on the view given by the financial statements, and in particular, we express no opinion as to whether the financial statements give a true and fair view of the affairs of the charity.
We planned and performed our examination so as to satisfy ourselves that the objectives of the independent examination are achieved and before finalising the report we obtain written assurances from the trustees of all material matters.
Independent Examiner's Statement, report and opinion
Subject to the limitations upon the scope of my work as detailed above , in connection with my examination, no matter has come to my attention :
1) which gives me reasonable cause to believe that in any material respect the requirements to keep accounting records in accordance with section 41 of the Act; and to prepare financial statements which accord with the accounting records and to comply with the accounting requirements of the Act or of the Charities (Accounts and Reports) Regulations 2005 have not been met or
2) to which, in my opinion , attention should be drawn to enable a proper understanding of the accounts to be reached.
This report is in respect of an examination carried out under section 6 of the 2011 Act and in accordance with any directions given by the Commissioners under subsection (7)(b) of that section which are applicable.
JS Gulati & Co
Chartered Accountants 4 Peter James Business Centre Pump Lane, Hayes UB3 3NT
Date : 21 August 2024
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