**REGISTERED CHARITY NUMBER: 290475** ## **Report of the Trustees and** **Unaudited Financial Statements for the Year Ended 31 December 2021** **for** **Sri Guru Ravidass Sabha (Medway)** Aggarwal & Co Limited Chartered Accountants 5 London Road Rainham Gillingham Kent ME8 7RG **Sri Guru Ravidass Sabha (Medway)** **Contents of the Financial Statements for the Year Ended 31 December 2021** ||**Page**| |---|---| |**Report of the Trustees**|1 to 3| |**Independent Examiner's Report**|4| |**Statement of Financial Activities**|5| |**Statement of Financial Position**|6| |**Notes to the Financial Statements**|7 to 9| |**Detailed Statement of Financial Activities**|10| ## **Sri Guru Ravidass Sabha (Medway)** ## **Report of the Trustees for the Year Ended 31 December 2021** The trustees present their report with the financial statements of the charity for the year ended 31 December 2021. ## **OBJECTIVES AND ACTIVITIES** ## **Objectives and aims** The charity was established in 1984 to advance and spread the Ravidassia faith. The key objectives are to: - encourage the community to follow the teachings and philosophy of Shri Guru Ravidass Ji; - publish and circulate literature on his life and teachings; - hold conferences in which scholars and researchers are involved; and - direct the younger generation to understand and follow the customs and traditions of the Ravidassia community. ## **Significant activities** During the year the charity has maintained a temple in Strood with a resident priest. It is open daily for the public and members to visit, worship and seek comfort. The management committee promote use of the temple for cultural and religious functions connected with births, deaths and marriages. Also, the temple is made available for local community groups to hold meetings and events. ## **Public benefit** All our charitable activities focus on the local community and are undertaken to further our charitable purposes for the public benefit. The management committee have had regard to Charity Commission guidance on public benefit. ## **Grant making** During the year the trustees made grants of £2,000 to other Ravidassia gurdwaras. ## **ACHIEVEMENT AND PERFORMANCE** ## **Charitable activities** The charity has, with the support of volunteers and local business, maintained a temple in Strood. Members of the Ravidassia community and others visit the temple during its daily opening times, including children from local schools. There are many religious functions, especially those connected with births, deaths and marriages in the local community. Also there have celebrations for Holi, Diwali, other festivals and various birthdays and passing examinations. The younger generation are being encouraged to become involved in teachings, languages and sports. ## **FINANCIAL REVIEW** ## **Financial position** The charity received during the year income of £45,470 (2020 : £42,773). Investment income, which is mainly rent received from a children's' nursery, forms the main component at £30,900 (2020: £30,900). Other income is donations which increased from £11,873 to £14,570 due to the availability of the temple after the pandemic lockdowns. Expenditure reduced from £30,743 to £24,279 mainly due to reduced staff costs and repairs and decorations. The result is that there was a surplus of £21,191 (2020: £12,030). This amount has been added to unrestricted funds which at the balance sheet date totalled £464,095. During 2010, the then management committee transferred £65,000 into a bank account which the current management committee have been unable to access. Negotiations and discussions are continuing to access this money. However, at the date hereof this has not occurred, although the management committee are confident that these funds will eventually be at their disposal. ## **Reserves policy** The trustees have reserves not invested in the freehold property and other fixed assets of £202,119. Of this amount £65,000 may not be recoverable in the near future, as referred to above. This leaves £137,119 as 'free' reserves which is deemed sufficient for current purposes. Page 1 ## **Sri Guru Ravidass Sabha (Medway)** ## **Report of the Trustees for the Year Ended 31 December 2021** ## **STRUCTURE, GOVERNANCE AND MANAGEMENT** ## **Governing document** The organisation is an unincorporated charity governed by its constitution adopted 28 July 1984 as amended 11 May 2004. It was registered as a charity on 8 November 1984. ## **Recruitment and appointment of new trustees** The management committee, who are the trustees for charity law purposes, are elected for two years by the members at a specially convened election meeting. Nominations are made by members two weeks in advance of the meeting. ## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number** 290475 ## **Principal address** 1 Vicarage Road Strood Rochester Kent ME2 4DG ## **Trustees** H Kumar Bagha - president D Bunger N S Bungar - general secretary M L Humraz - stage secretary G Lal - social public affairs secretary P K Mahay J Mahi - education secretary S Power - religious secretary The following are Custodian Trustees: G Lal P K Mahay N S Bungar ## **Independent Examiner** R C Abel, FCA CTA Aggarwal & Co Limited Chartered Accountants 5 London Road Rainham Gillingham Kent ME8 7RG ## **Bankers** Barclays Bank plc 40-46 High Street Maidstone Kent ME14 1SS Page 2 **Sri Guru Ravidass Sabha (Medway)** ## **Report of the Trustees for the Year Ended 31 December 2021** Approved by order of the board of trustees on 1 May 2023 and signed on its behalf by: H Kumar Bagha - Trustee Page 3 ## **Independent Examiner's Report to the Trustees of Sri Guru Ravidass Sabha (Medway)** I report to the trustees on my examination of the accounts of Sri Guru Ravidass Sabha (Medway) (the Charity) for the year ended 31 December 2021, which are set out on pages 5 to 10. ## **Responsibilities and basis of report** As the charity trustees of the Charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011(‘the Act’). I report in respect of my examination of the Trustee’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. ## **Independent examiner’s statement** I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: 1. accounting records were not kept in respect of the Trust as required by section 130 of the Act; or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair view’ which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. R C Abel, FCA CTA Aggarwal & Co Limited Chartered Accountants 5 London Road Rainham Gillingham Kent ME8 7RG Date: 2 May 2023 Page 4 ## **Sri Guru Ravidass Sabha (Medway)** ## **Statement of Financial Activities for the Year Ended 31 December 2021** |**Notes**
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
Investment income
2
**Total**
**EXPENDITURE ON CHRITABLE ACTIVITIES**
Operating activities
**NET INCOME**
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
**TOTAL FUNDS CARRIED FORWARD**|**2021**
**£**
14,570
30,900
45,470
24,279
21,191
442,904
464,095|**2020**
**£**
11,873
30,900
42,773
30,743
12,030
430,874
442,904| |---|---|---| All income and expenditure derive from continuing activities and represent unrestricted funds. The Statement of Financial Activities includes all gains and losses recognised in the year. The notes on pages 7 to 9 form part of these financial statements. Page 5 ## **Sri Guru Ravidass Sabha (Medway)** |**Statement of Financial Position**
**31 December 2021**
**Notes**
**FIXED ASSETS**
Tangible assets
6
**CURRENT ASSETS**
Debtors
7
Cash at bank and in hand
**CREDITORS**
Amounts falling due within one year
8
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS CURRENT LIABILITIES**
**NET ASSETS**
**FUNDS**
9
Unrestricted funds
**TOTAL FUNDS**|**2021**
**£**
261,976
65,000
137,839
202,839
(720)
202,119
464,095
464,095
464,095
464,095|**2020**
**£**
262,156
65,000
116,468
181,468
(720)
180,748
442,904
442,904
442,904
442,904| |---|---|---| The notes on pages 7 to 9 form part of these financial statements. The financial statements were approved by the Board of Trustees and authorised for issue on April 2023 and were signed on its behalf by: D Bungar - Trustee J Mahi - Trustee Page 6 **Sri Guru Ravidass Sabha (Medway)** ## **Notes to the Financial Statements for the Year Ended 31 December 2021** ## **1. ACCOUNTING POLICIES** ## **Basis of preparing the financial statements** The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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 (FRS 102) (effective 1 January 2019)', 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. ## **Income** All incoming resources are included in the statement of financial activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income: - Voluntary income is received by way of gifts and is included in full when receivable. - Investment income is recognised in the period to which it relates. ## **Expenditure** Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure. ## **Tangible fixed assets** The freehold interest in land and buildings is stated at cost. Depreciation is not considered to be required as they are partly used by the charity and partly let to tenants to produce an income for the charity. A valuation would serve no useful purpose. Also, it is not practical to calculate the financial impact of the departure from accounting standards as depreciation is only one of the factors to consider. Other fixed assets are stated at historical cost less depreciation. Depreciation is calculated at 25% of cost so as to write off the cost of each asset, less its estimated residual value, over its expected useful life. Assets with a value below £500 are not capitalised. ## **Taxation** As a charity, the Sri Guru Ravidass Sabha (Medway) is exempt from tax on income and gains to the extent that these are applied to its charitable objects. ## **Fund accounting** Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. ## **2. INVESTMENT INCOME** |**INVESTMENT INCOME**||| |---|---|---| ||2021|2020| ||£|£| |Rents received|30,900|30,900| Page 7 **Sri Guru Ravidass Sabha (Medway)** ## **Notes to the Financial Statements - continued for the Year Ended 31 December 2021** ## **3. STAFF COSTS AND NUMBERS** |Wages of the one priest|2021
£
-|2020
£
4,900| |---|---|---| ## **4. TRUSTEES' REMUNERATION AND BENEFITS** There were no trustees' remuneration or other benefits for the year ended 31 December 2021 nor for the year ended 31 December 2020. In addition, there were no trustees' expenses paid for either of the years. ## **5. RELATED PARTY TRANSACTIONS** There are no related party transactions in the current year or previous year. ## **6. TANGIBLE FIXED ASSETS** |**COST**
At 1 January 2021 and 31 December 2021
**DEPRECIATION**
At 1 January 2021
Charge for year
At 31 December 2021
**NET BOOK VALUE**
At 31 December 2021
At 31 December 2020
**7.**
**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Other debtors
**8.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Other creditors|Freehold
property
£
237,916
-
-
-
237,916||Fixtures
and
fittings
£
28,620
4,380
180
4,560
24,060|Totals
£
266,536|Totals
£
266,536| |---|---|---|---|---|---| |||||4,380
180|| |||||4,560|| |||||261,976|| ||237,916||24,240
2021
£
65,000
2021
£
720|262,156|| ||||||2020
£
65,000| ||||||2020
£
720| Page 8 ## **Sri Guru Ravidass Sabha (Medway)** ## **Notes to the Financial Statements - continued for the Year Ended 31 December 2021** ## **9. MOVEMENT IN FUNDS** |**Unrestricted funds**
General fund
**TOTAL FUNDS**
Net movement in funds, included in the above are as follows:
**Unrestricted funds**
General fund
**TOTAL FUNDS**
**Comparatives for movement in funds**
**Unrestricted funds**
General fund
**TOTAL FUNDS**|Net
movement
At
At 1.1.21
in funds
31.12.21
£
£
£
442,904
21,191
464,095
442,904
21,191
464,095
Incoming
Resources
Movement
resources
expended
in funds
£
£
£
45,470
(24,279)
21,191
45,470
(24,279)
21,191
Net
movement
At
At 1.1.20
in funds
31.12.20
£
£
£
430,874
12,030
442,904
430,874
12,030
442,904| |---|---| Comparative net movement in funds, included in the above are as follows: ||Incoming|Resources|Movement| |---|---|---|---| ||resources|expended|in funds| ||£|£|£| |**Unrestricted funds**|||| |General fund|42,773|(30,743)|12,030| |**TOTAL FUNDS**|42,773|(30,743)|12,030| Page 9 ## **Sri Guru Ravidass Sabha (Medway)** ## **Detailed Statement of Financial Activities for the Year Ended 31 December 2021** ||2021|2020| |---|---|---| ||£|£| |**INCOME AND ENDOWMENTS**||| |**Donations and legacies**||| |Donations|14,570|9,525| |Grants|-|2,348| ||14,570|11,873| |**Investment income**||| |Rents received|30,900|30,900| |**Total incoming resources**|45,470|42,773| |**EXPENDITURE**||| |**Charitable activities**||| |Wages|-|4,900| |Insurance|3,067|2,890| |Electricity, gas and water|9,569|6,395| |Telephone|624|596| |Advertising|55|760| |Repairs and decoration|725|4,305| |Food costs|1,674|1,605| |Travel costs|35|72| |Postage and stationery|-|657| |Legal fees|-|931| |Priest|5,320|3,433| |Cleaners|82|722| |Sponsorship|-|202| |Depreciation of tangible fixed assets|180|218| |Grants to other Ravidassia communities|2,000|2,051| ||23,331|29,747| |**Support costs**||| |**Governance costs**||| |Accountancy and legal fees|948|996| |Total resources expended|24,279|30,743| |**Net income**|21,191|12,030| This page does not form part of the statutory financial statements Page 10 ## **Virtual Cabinet Portal Digital Signatures** ## **Digital Signature Verification** You can verify that this is a genuine Virtual Cabinet Document Portal signed document by uploading it to the following secure web page: https://www.virtualcabinetportal.com/VerifySignedDocument ## **Signature Dates and Times** All dates and times shown in the signatures below are expressed in Coordinated Universal Time (UTC), which is generally equivalent to GMT. You can find out more about UTC at the following web page: http://www.virtualcabinetportal.com/WhatIsUTC ## **Signature 1** Signed by Sukvinder Bhardwaj using authentication code KDkkcnFFMkclVWdW at IP address 92.30.13.133, on 2024/07/24 18:07:18 Z. Sukvinder Bhardwaj's e-mail address is: ravidassiamedway@gmail.com.