REGISTERED CHARITY NUMBER: 290475
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 December 2024
for
Sri Guru Ravidass Sabha (Medway)
Aggarwal & Co 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 2024
| 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 2024
The trustees present their report with the financial statements of the charity for the year ended 31 December 2024.
OBJECTIVES AND ACTIVITIES
Objectives and aims
The charity was established in 1984 to advance and spread the Ravidassia faith. The key objectives are to:
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encourage the community to follow the teachings and philosophy of Shri Guru Ravidass Ji;
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publish and circulate literature on his life and teachings;
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hold conferences in which scholars and researchers are involved; and
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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 £454 to other Ravidassia gurdwaras and £10,000 to the Punjab Broadcasting Channel (PBC).
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 been have celebrations for Holi, Diwali, other festivals and various birthdays and passing of examinations. The younger generation are being encouraged to become involved in the teachings, languages and the sports.
FINANCIAL REVIEW
Financial position
The charity received during the year income of £86,622 (2023: £60,160). Investment income, which is mainly rent received from a children's nursery, is £37,700 (2023: £33,500). Other income received was donations which increased from £26,660 to £48,922 due to increase in the availability of the temple.
Expenditure decreased from £44,664 to £42,059 mainly due to decrease in electricity, gas and water costs, also food costs and repairs and decorations decreased significantly £4,441 to 3,519 and 6,021 to £577, respectively.
The result is that there was a surplus of £44,563 (2023: £15,496). This amount has been added to unrestricted funds which at the balance sheet date totalled £547,286.
Reserves policy
The trustees have reserves not invested in the freehold property and other fixed assets of £285,187. Of this, £18,978 relates to payments expected to be expensed in the upcoming year-end accounts. This leaves £266,209 as 'free' reserves which is deemed sufficient for current purposes.
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Sri Guru Ravidass Sabha (Medway)
Report of the Trustees for the Year Ended 31 December 2024
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The organisation is an unincorporated charity governed by its constitution adopted on 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 Tirath Ram N S Bunger - General Secretary
The following are Custodian Trustees: H Kumar Bagha Tirath Ram N S Bunger
Independent Examiner
A Aggarwal, FCA CTA Aggarwal & Co Chartered Accountants 5 London Road Rainham Gillingham Kent ME8 7RG
Bankers
Barclays Bank plc 40-46 High Street Maidstone Kent ME14 1SS
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Sri Guru Ravidass Sabha (Medway)
Report of the Trustees for the Year Ended 31 December 2024
Approved by order of the board of trustees on 17[th] September 2025 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 2024, 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:
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accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
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the accounts do not accord with those records; or
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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.
A Aggarwal, FCA CTA Aggarwal & Co Chartered Accountants 5 London Road Rainham Gillingham Kent ME8 7RG
Date: 17[th] September 2025
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Sri Guru Ravidass Sabha (Medway)
Statement of Financial Activities for the Year Ended 31 December 2024
| 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 |
2024 £ 48,922 37,700 86,622 42,059 44,563 502,723 547,286 |
2023 £ 26,660 33,500 60,160 44,664 15,496 487,227 502,723 |
|---|---|---|
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.
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Sri Guru Ravidass Sabha (Medway)
| Statement of Financial Position 31 December 2024 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 |
2024 £ 262,099 18,978 266,869 285,847 (660) 285,187 547,286 547,286 547,286 547,286 |
2023 £ 262,403 65,000 176,760 241,760 (1440) 240,320 502,723 502,723 502,723 502,723 |
|---|---|---|
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 17[th] September 2025 and were signed on its behalf by:
H Kumar Bagha – President & Trustee
Tirath Ram - Trustee
N S Bunger – Trustee & General secretary
Page 6
Sri Guru Ravidass Sabha (Medway)
Notes to the Financial Statements for the Year Ended 31 December 2024
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:
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Voluntary income is received by way of gifts and is included in full when receivable.
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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 £100 are not capitalised.
Taxation
As a charity, the Sri Guru Ravidass Sabha (Medway) is exempt from tax on the 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 | ||
|---|---|---|
| 2024 | 2023 | |
| £ | £ | |
| Rents received | 37,700 | 33,500 |
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Sri Guru Ravidass Sabha (Medway)
Notes to the Financial Statements - continued for the Year Ended 31 December 2024
3. STAFF COSTS AND NUMBERS
| Wages of the one priest | 2024 £ 7,810 |
2023 £ 5,547 |
|---|---|---|
The average number of employees during the year was 1 (2023 - 1).
4. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 December 2024 nor for the year ended 31 December 2023. 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 2024 Addition in Year DEPRECIATION At 1 January 2024 Charge for year At 31 December 2024 NET BOOK VALUE At 31 December 2024 At 31 December 2023 7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Other debtors Prepayments 8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Other creditors |
Freehold property £ 237,916 - 237,916 - - - |
Fixtures and fittings £ 29,834 - 29,834 5,347 304 5,651 |
Totals £ 267,750 - |
Totals £ 267,750 - |
|
|---|---|---|---|---|---|
| 267,750 | |||||
| 5,347 304 |
|||||
| 5,651 | |||||
| 237,916 237,916 |
24,183 24,487 2024 £ - 18,978 18,978 2024 £ 660 |
262,099 | |||
| 262,403 | |||||
| 2023 £ 65,000 - |
|||||
| 65,000 | |||||
| 2023 £ 1,440 |
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Sri Guru Ravidass Sabha (Medway)
Notes to the Financial Statements - continued for the Year Ended 31 December 2024
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 |
Net movement At At 1.1.24 in funds 31.12.24 £ £ £ 502,723 44,563 547,286 502,723 44,563 547,286 Incoming Resources Movement resources expended in funds £ £ £ 86,622 42,059 44,563 86,622 42,059 44,563 |
|---|---|
Comparatives for movement in funds
| Unrestricted funds General fund TOTAL FUNDS |
Net movement At 1.1.23 in funds £ £ 487,227 15,496 487,227 15,496 |
At 31.12.23 £ 502,723 502,723 |
|---|---|---|
Comparative net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 60,160 | (44,664) | 15,496 |
| TOTAL FUNDS | 60,160 | (44,664) | 15,496 |
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Sri Guru Ravidass Sabha (Medway)
Detailed Statement of Financial Activities for the Year Ended 31 December 2024
INCOME AND ENDOWMENTS Donations and legacies Donations Investment income Rents received Total incoming resources EXPENDITURE Charitable activities Insurance Electricity, gas and water Telephone Repairs and decoration Sundry Food costs Computer, IT and software Postage and stationery Priest Cleaners Depreciation of tangible fixed assets Grants to other Ravidassia communities Other donations Governance costs Accountancy and legal fees Total resources expended Net income |
2024 £ 48,922 48,922 37,700 86,622 4,239 12,171 964 577 - 3519 500 281 7,810 52 304 454 10,000 40,871 1,188 42,059 44,563 |
2023 £ 26,660 26,660 33,500 60,160 3,453 22,102 847 6,021 110 4,441 - 802 5,547 70 303 224 - 43,920 744 44,664 15,496 |
|---|---|---|
This page does not form part of the statutory financial statements
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