REGISTERED CHARrfY NUMBER.. 290475 Report of the Trustees and Unaudited Finantial Statements for the Yeal Ended 31 December 2023 for 511 Guru Ravldass Sabha Imedwayl Aggarwal & Co Limited Chartered Accountants 5 London Road Rainham Gillirhgham Kent ME8 7RG Srl Guru Ravld355 Sabha Imedwayl Contents of the Financial Statements for the Year Ended 31 December 2023 PaBe Report of the Trustees Independent EKaminer's Report Statement of FlnancSal Actlvlties Statemeb)t of Flnanclal Posltlon Notes to the Flnancial Statements Detalled Statement Df Flnanclal Actlvltles io Srl Guru Ravld35s Sabha Imedwayl Report of the Trustees for the Year Ended 31 Dècember 2023 The trusiee5 present their report with the financial statements of the charity for the year ended 31 December 2023. OBJECTIVES AND ACTIVITIES ObjectSves and alms The charlty was established In 1984 to advance and spread the Ravidassia faith. The key objectlves are to.. encouraEe the community to follow the teachings and philosophy of Shri Guru Ravidass Ji,. publish and eirculate litèrature on his life and teachl¥Jgs- hold conferènces Ill which schtslars and researchers are involved- and dÉrert the younger generation to understand and follow the customs and traditions of the Ravidassia comrnunity. Slgnlflcant actlvlties DurinÉ the year the charity has rnaintained a ternple ln Strood wlth a resident priekt. It is open daily for the public and members to vlslt, worshlp and seek comfort. The management tommittee promote use of thé temple for cultural and religious functions connected with blrths, death5 and marriages. Also, the temple15 made available for local community groups to hold meetings and events. Public beneflt All ovr chdritable actwitios focus on the local community dnd are undertaken to further our charitable purposes for the public benefit. The management committee hdve had regard to Charity Comwission guidance on public beneflt. Giant making Durlng the year the trustees made grants of £224 to other Ravldassia Èurdwaras. ACHIEVEMENT AND PERFORMANCE Charltable actlvltlès The charity has. with the support of volunteer5 and local business, maintained a temple In Strood. Members of the Ravidassla community and others visit the temple during its dally opening times, IncludinE children from local schools. There are many rellÈious functlons, especially thosc connecte.d with births, deaths and marriages in thp local communlty. Also there been have celebrations for Holi, Diwali. other festlvals and various birthdays and passing of examinations. The younger generation are being encouraged to become involved In the teachlngs, language5 and the sporls. FINANCIAL REVIEW Financial position The charity received dullng the year income of £60,16012022- £63,469). Investment income, which is mainly rent re￿IVed from a chlldren's nursery, forms the main component ai £33,50012022'. E33,3001. Other income recelved was donatlon5 whlch decreased from £30,169 to £26,660 due to the availability of the temple. Expendlture Increased from £40,339 to £44.662 mainly due to an increase In food costs. and also In repairs and decoratlons. The result ￿ that there was a surplus of £15,46812022.. £23.1301- This amount has been added to unTestricted funds whlch at the balance sheet date totalled £502,723. During 2010, the then management comTnittee transferred £65,000 Into a bank account which the current management committee have been unable to access. Negotiations and discussion% are continuin8 to aC￿$S this money. However, at the date hereof this has not occurred, although the management comrrittee are confident thal 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 £240,320. Of this amount £65,000 may not be recoverable in the near future, as referred to above. This leaves £175.320 as 'free' reserves which is deemed sufflcient for current purptsses. Page I Syl Guru Ravldass Sabha Imedwayl Report of the Trustèes r the Year Ended 31 December 2023 STRUCTURE, GOVERNANCE AND MANAGEMENT Governlng document The organisation 15 ar) unincorporated charitYEoverned by its constitution adopted on 28 July 1984 as amended li May 2CX)4. It was re8iStered a5 a charity on 8 November 1984. Recruitment znd appolntment of new trustees The management commlttee, who are the trusteès for Eharity law purposes, are eletted for two years by the members at a spècially convened election meeting. Morninations are made by members two weeks In advance of the meeting. REFERENCE AND ADMINISTRATIVE DEfAILS Règistered Charlty number 290475 Prlncipal address I VltaraEe Road Strood Rochester Kent ME24DG Trustees H Kumar Bagha - president D Bung@r N S Bunger- general secretary The following 3Fe Custodian Trustees.. GLal P K Mahay N Slngh Independent Examiner R C Abel, FCA CTA Aggarwal & Co Limited Chartored Accountat)ts 5 London Road Rainham Gillingham Kent ME8 7RG Bankers Barclays Bank plc 40-46 High Street Maidstone Kent ME14 ISS Page 2 Srl Guru Ravldass Sabha Imedwavl Report of the Trustees forthe Year Ended 31 Decèmber 2023 Approved by order Df the board of trustee5 on May 2024 and slgned on its behalf bv.. H Kum3r Bagha - Trustee Page 3 Independent Examlner's Repoit to the Trustees of Sri Guru Ravida5s Sabha Imedwavl I report to the Iru5tees on my examlnatSon of the account5 of Sri Guru Ravlda55 Sabha Imèdwayl Ithe Chaiityl for the year ended 31 December 2023, whlch are sel out on pages 5 to 10. Responsiblllties and basis of report A5 the charlty trustees of the Charity you are responsible fDr the preparation of the accounts in actcrdance with the requirements of the Charities Act 20111'the Act'l. I repoit in respect of my examination of the Trustee's accounts carried out undei section 145 of the 2011 Act and carrying out my examinatlon I have followed all the applicable Dlrettion5 given bythe Charity Commission under section 14515llbl of the 2011 Act. Indepehdent examlner's statèment I have completed my examination. I confirm that no material matters have come to my attention in connection with the examinatlon givir)g me cause to believe that in any material respect.. accountinE records were not kept in respect of the Trust a5 required by sectltsn 130 of the Act,. or Ihe accounts do not acco¥d with those records.. or the accounts do not comply with the applicable requirement5 concernin& thg form and content of 3ccounts set out in the Charities (Accounts Bnd Reportsl Regulalions 2008 other than any requirement thdt the accounts give a 'true and fair vlew, which ts not a matter conside.red a5 part of an independent exarnination. I have no concerns and have COME across no other matters in ￿nneCtIOn with the examination to whlch attention should be drawn in this report In order to enable a proper understanding of the accounts to be rè8ched. R C Abel, FCA CTA AEgarwal & Co Limited Chartered Accountants 5 London Road Rainham Gillingham Kent ME8 7RG Date: 3 May 2024 Page 4 Srl Guru Rèvidass Sabha (Medwayl Statement of Financlal Activltles for the Year Ended 31 December 2023 2023 2022 Notes INCOMEAND ENDOWMENTS FROM Donation5 and legacles 26,660 30,169 Investment income 33,500 33,300 Total 60,160 63,469 EXPENDITURE ON CHRITABLE ACTIVITIES Operating activities 44,662 40.339 NETINCOME 15,498 23,130 RECONCILIATION OF FUNDS Total funds brought forward 487,225 464,095 TOTAL FUNDS CARRIED FORWARD 502,723 487,225 All incotne and expendlture derlve from continulng activities and represent unrestricted funds. The Statement of Flnandal Activlties Includes all gains and losses recognised in the year. The notes on pages 7 tts 9 form part of these financial statements. Page 5 Srl Guru Ravldass Sabha Imedwayl Statement of Flnanclal Posltlon 31 Oecember2023 2023 2022 Notes FIXED ASSETS Tangible assets 262,403 262.706 CURRENT ASSETS Debtors Cash at bank and in hand 65.￿0 176,760 65,000 160.960 241,760 225,960 CREDITORS Amounts falling due withln one year 11,4401 114411 NET CURRENT ASSETS 240,320 224,S19 TOTAL ASSETS LESS CURRENT UABILITIES 502,723 487,225 NET ASSETS 502,723 4￿.225 FUNDS Unre5trKted funds 502,723 467,225 TOTAL FUNDS S02,723 487,225 The note5 on pages 7 to 9 form part of these financial statements. The flnancial statements were approved by the Board ol Trustees and a(rthorised for issue on 2nd May 2024 and were signed on it5 behalf by.. D Bun8er- TFU J Mahi - Trustee Pa8e 6 Sri Guru Ravidass Sabha (Medway Notes to the Financlal Statements for the Year Ended 31 December 2023 ACCOUNTING POLICIES Basls of preparlng the flnancial statements The Flnaiicial statements of the charity, which is a publlc benefit entlty under FRS 102, have been prepared in aCcOrd3n￿ with the Charltles SORP IFRS 1021 'Accounting and Reporting by Charltles.. Statement of Recommended Practice applicable to charities préparing theiT accounts In accordan¢e with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffective l January 20191,, FinancÉal Reportlng Standard 102 'The Financial Reporting Standard applicable In the UK and Rèpublic of Ireland, and th@ Charities Act 2011. The finandal statements have been prepared undÈr the historical cost convention. Income All incoming resources are included in the statement or rinan¢ial actlvltie5 when the tharity is entitled to the income and the amount can be quantih'ed with reasonable accuracy. The following specific pollcies are applied to particular categorie5 of Incorne.. Volunlary in¢tsme is received by way of gifts and 15 Éncluded in full when receivable. Investment income is rècognised in the period to which it relates. Expendlture Liabilitie5 are recognised as expendlture as goon as there is a legal or constnF¢tive obligation commlttlng the charity to that expendiiure, it is PiCTrbable that a transfer of economic benefit5 will be requirgd in settlement and the amount of the Dhligatiom can be moasured reliabty. Expenditure is accounted for on an accruals basis and has been classified under heading5 thataggregate all cost related to the category. Whère costs C