REGISTERED CHARITY NUMBER: 506947
REPORT OF THE TRUSTEES AND
AUDITED FINANCIAL STATEMENTS
FOR THE PERIOD6 APRIL 2024 TO 31 MARCH 2025
FOR
RAMGARHIA SIKH TEMPLE
RAMGARHIA SIKH TEMPLE
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE PERIOD 6 APRIL 2024 TO 31 MARCH 2025
Page Report of the Trustees 1 to 6 Report of the Independent Auditors 7 to 8 Statement of Financial Activities 9 Balance Sheet 10 Notes to the Financial Statements 11 to 20
« RAMGARHIA SIKH TEMPLE
REPORT OF THE TRUSTEES
FOR THE PERIOD 6 APRIL 2024 TO 31 MARCH 2025
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The trustees present their report with the financial statements of the charity for the period 6 April 2024 to 31 March 2025. The trustees have adopted the provisions of 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).
OBJECTIVES AND ACTIVITIES
Objectives and aims
Our aims and objectives
The aims and objectives of the charity are as set out in the charity's constitution and continue to be the advancement of the Sikh religion accordance with the doctrine of the Holy Guru Granth Sahib and the teachings of the Ten Gurus.
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Ensuring our work delivers our aims We review our aims, objectives and activities each year. This review looks at what we achieved and the outcomes of our work in the previous 12 months. The review looks at the success of each key activity and the benefits they have brought to those groups of people we are set up to help. The review also helps us to ensure that our aim, objectives and activities remained focused on our stated purposes. We have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing our aims and objectives and in planning our future activities. In carrying out this review the trustees have considered the Charity Commission's general guidance on public benefit and in particular its supplementary public guidance on the advancement of religion for the public benefit.
The focus of our work
The focus of the charity's work continues primarily to be the advancement of the Sikh religion in accordance with the doctrine of the Holy Guru Granth Sahib and the teachings of the Ten Gurus. The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.
Significant activities
Significant activities undertaken during the period ended 31 March 2025 continued to include the provision of a centre where the community can gather for worship and celebrate various festivals according to Sikh culture, the provision of facilities for weddings and for the teaching of the Punjabi language and music and also the promotion of sports activities, general health awareness and well-being activities such as yoga and keep fit classes for both young and elderly men and women. The management trustees, management committee, custodian trustees and the various sub-committees have endeavoured to serve the Sadh Sangat by facilitating religious programmes and functions that meet the needs of the congregation and, furthermore, promote the beliefs and teachings of the Sikh religion.
This has been achieved through the following.
- (e] Daily worship. fe) Main worship on Sundays. ° Akhand Paths, Sukhmani Sahib Paths. fe) Religious services at the residence of memnbers of the congregation. (e) Civil and religious wedding services. (e) Funeral services in accordance with the Sikh religion. (e) Preparation and provision of daily langar. (e) Education services (music and Punjabi language classes). (e) Social functions at the Ramgarhia Community Centre. fe) Coach trips to seaside resorts. ° Mamagement of the temple's car park.
Volunteers
Volunteers are an important resource in the charity's work and are involved in most of the charity's faith and community activities. For example, the organisation of various events is performed on a voluntary basis by members of the community. This includes the preparation and serving of food and cleaning. All of the management trustees work as volunteers for the charity and all trustees give their time voluntarily and receive no. benefits from the charity. Any expenses reclaimed from the charity are set out in the notes to the financial statements.
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RAMGARHIA SIKH TEMPLE
REPORT OF THE TRUSTEES
FOR THE PERIOD 6 APRIL 2024 TO 31 MARCH 2025
ACHIEVEMENTS AND PERFORMANCE
Charitable activities
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|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|How|the|charity's|activities|deliver|public|benefit|
|The|charity|carries|out|a|wide|range|of|activities|in|pursuance|of|its|charitable|aims.|The|trustees|consider|that|these|activities,|summarised|below,|
|provide|benefit|both|to those who worship|at the|charity's temple|and the wider community.|
|The|charity provides the|following|services|in|advancement|of|its|charitable|activities.|
|Religious|activities|
|Bt|The|organisation|of events|of religious|importance where|all members|of the|community can take|part and|
|benefit.|
|2|The|invitation|of lecturers|and|musicians from|abroad|to|enlighten the|congregation|on|various|aspects|of|
|the|Sikh|religion|and|culture.|
|3|The|promotion|of major functions|advertised|on|Sky media|channels.|
|Community|activities|
|1|The|organisation|of health|awareness|workshops|covering|issues such|as|heart|problems,|drug|related|
|problems,|diabetes,|depression|and|so|forth.|
|2|The|honouring|and|organising|of an|evening|of entertainment for young graduates|and|people who|have|
|acquired/gained|specific academic achievements|in|the community.|
|3|The|organisation|of Gurmat camps for children|during the summer and|half-term|holidays.|
|4|The|organisation|of day|trips to|various|places|of interest and|seaside|trips for young children|and|elderly|
|people.|
|5|The|setting up|of yoga|and|keep|fit classes|for|both|men|and women|and|the|provision|of sports|facilities|at|
|the|Ramgarhia|Community|Centre.|
|6|The|hosting of Atam|Ras|Kirtan|Darbars|attended|by|people|in the evening.|
|7|The|organising|of marriage|bureau|programmes|during the year.|
|Community|educational|activities|
|1|The|provision|of Punjabi|classes from|infants to GCSE|level. This provides|an|insight|into|the|Punjabi|
|language and|allows young|people|to|learn|the|Punjabi|language, thereby|allowing them|to|read|the|Holy|
|Guru|Granth|Sahib|and|understand|Sikh|values.|
|2|The|provision|of a|computer|learning|suite|for teaching|information technology and the teaching of the|
|Punjabi|language.|
|3|The|provision|of GCSE|Mathematics|revision|classes|for|students.|
|4|The|provision|of Gurmat|and|classical|music|classes to|help the whole|congregation,|especially young|
|people,|to|understand|the|Gurbani|and|wider Sikh|values.|
|5|Gurbani|classes|are|also|provided|for|people|of|all|ages so that people|can|read|and|comprehend|the|Holy|
|Guru|Granth|Sahib|so that|a|deeper|understanding of the Sikh|doctrine|can|be|attained.|
|Fundraising|activities|
|The|main|fundraising|activities|of the|charity|during|the|year|remain|the|receipt|of voluntary|donations|from|members|and|the|receipt|of|donations|
|from|religious functions|and|gatherings.|
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- RAMGARHIA SIKH TEMPLE REPORT OF THE TRUSTEES FOR THE PERIOD6 APRIL 2024 TO 31 MARCH 2025
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FINANCIAL REVIEW Financial position The Statement of Financial Activities for the period ended 31 March 2025 shows incoming resources totalling £485,696 (year ended 5 April 2024: £399,669) and resources expended totalling £366,332 (year ended 5 April 2024: £320,534), generating net incoming resources of £119,364 (year ended 5 April 2024: net incoming resources totalling £79,135).
As aresult, the charity's net assets have increased from £2,221,758 as at 5 April 2024 to £2,341,122 as at 31 March 2025.
The charity's management committee should like to note that included within incoming resources for the period ended 31 March 2025 is £85,080 received by the charity in insurance claims concerning roof damage sustained at the charity's temple premises. Excluding this income, the charity's surplus for the period ended 31 March 2025 would be £34,284. The charity's management committee, supported by the property trustees, have worked tirelessly to meet the needs of the congregation in arranging and holding weddings, religious functions and funerals.
In consideration of the above, the charity's balance sheet continues to be in a relatively healthy position as at 31 March 2025.
Principal funding sources The principal funding of the charity is derived from donations received from users of the temple and its facilities and from receipts for the use of the temple's car park.
Reserves policy
Ramgarhia Sikh Temple recognises the importance of having reserves. These funds are freely available to spend on any of the charity's purposes and hence exclude any restricted funds should there be any. Ramegarhia Sikh Temple faces a number of risks that may result in the need to use the charity's reserves.
Some of these include the following. fe) A reduction in funding from supporters. fe) Unexpected refurbishment costs in relation to the charity's property. ° External factors impacting the charity such as wage increases or increasing utility bills.
Reserves are represented by the fund balances as disclosed in the charity's balance sheet on page 10 of the financial statements.
The charity's balance sheet shows unrestricted reserves (reserves that do not carry out any restrictions on how they can be used) of £2,336,542 (year ended 5 April 2024: £2,214,570). In assessing our level of free reserves as at 31 March 2025 we also exclude fixed assets totalling £828,130 (year ended 5 April 2024: £856,663) and designated fund balances totalling £933,781 (year ended 5 April 2024: £890,910). This leaves free reserves at £574,631 as at 31 March 2025 (year ended 5 April 2024: £466,997) which covers approximately 19 months operational expenditure based on the results for the period ended 31 March 2025 (year ended 5 April 2024: 17 months).
It is the trustees view that this amount means that the charity has a balanced approach between having funds available to run the charity on a day to day basis and keeping funds aside in case any of the risks mentioned above materialise. The trustees believe this level of reserves provides the charity with adequate financial stability and the means to meet its charitable objectives for the future.
The level of reserves will be reviewed annually to ensure alignment with risks the charity faces.
FUTURE PLANS During the coming year the charity has made progress in the following areas in order to help advance the charity's objects and activities. 1 The charity is continuing to actively progress plans regarding the development of the Temple's Education Centre.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
Ramgarhia Sikh Temple is an unincorporated organisation and was registered as a charity on 21 August 1981.
Ramgarhia Sikh Temple is governed by a constitution which was adopted on 3 January 1971 as amended on 3 October 1977, 23 November 1980 and 26 March 2017.
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RAMGARHIA SIKH TEMPLE
FOR THE PERIOD 6 APRIL 2024 TO 31 MARCH 2025
REPORT OF THE TRUSTEES
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STRUCTURE, GOVERNANCE AND MANAGEMENT
Recruitment and appointment of new trustees
The charity has a council of five custodian property trustees who are elected every 5 years by a members’ ballot.
There are three management trustees along with twenty selected committee members and they are in charge of the day to day running of the charity. Management trustees are elected every 3 years by a members' ballot.
Induction and training of new trustees
New custodian trustees who are elected by the members have, in most instances, previously served in management committees and knowledge from these positions is utilised by the charity in their roles as trustees.
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.
The trustees have a risk management strategy that comprises the following.
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1 An annual review of the risks that the charity may face.
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2 The establishment of systems and procedures to mitigate those risks identified.
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3 The implementation of procedures designed to minimise any potential impact on the charity should those risks materialise.
The trustees are of the opinion that there are no major risks to which the charity is exposed.
Fundraising standards information
The majority of our income comes from voluntary donations from our supporters. Through the fundraising efforts of our staff, volunteers and supporters we are generating the financial resources to enable us to provide our services.
We have a wide portfolio of fundraising activities to generate voluntary donations towards the services we provide. Our Board of Trustees is deeply committed to building relationships and trust with our supporters and is committed to the strengthening of oversight and assurance concerning our fundraising programmes and in ensuring compliance and best practice in these areas.
We are particularly aware of the need to protect vulnerable individuals in any fundraising we undertake.
We continue to be committed to addressing any expression of dissatisfaction on the part of our supporters and to examining ways to improve the levels of our service to them.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
506947
Principal address Graham Street Birmingham West Midlands B13LA
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RAMGARHIA SIKH TEMPLE
FOR THE PERIOD 6 APRIL 2024 TO 31 MARCH 2025
REPORT OF THE TRUSTEES
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Trustees Custodian Trustees JS Nandhra Chairman GS Bhara Secretary M S Bhachu JS Bhogal K S Bhambha
Management Trustees Dr P S Bhogal President JS Virdee Vice-President BS Phull General Secretary - resigned 14.5.25 AS Sembhi Treasurer - resigned 10.7.25 Committee Members and Trustees JS Bansal JS Bilkhu HS Nandra DS Bhara AS Chaggar DS Nandera - resigned 14.05.25 LS Bhambra HS Dhiman S S Oubhie - appointed 16.11.25 U S Bhavrai PS Dibra JS Sandal S S Bharya MS Hunjan R S Seehra - resigned 4.6.25 H S Bhurjee - resigned 4.6.25 JS Kundi RS Seehra CS Bilkhu AS Nandra GS Sura Auditors J W Hinks LLP Chartered Accountants and Statutory Auditors 19 Highfield Road Edgbaston Birmingham West Midlands B15 3BH
STATEMENT OF TRUSTEES' RESPONSIBILITIES
The trustees are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) including Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland".
Charity law requires the trustees to prepare financial statements for each financial year. Under that law, the trustees have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under charity law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charity for that period. In preparing those financial statements, the trustees are required to
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select suitable accounting policies and then apply them consistently;
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- observe the methods and principles in the Charities SORP;
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make judgements and estimates that are reasonable and prudent;
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- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011 and The Charity (Accounts and Reports) Regulations 2008. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
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RAMGARRHIA SIKH TEMPLE
REPORT OF THE TRUSTEES FOR THE PERIOD6 APRIL 2024 TO 31 MARCH 2025
Approved by order of the board of trustees on 26 January 2026 and signed on its behalf by:
as P S Bhogal - Trustee
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- REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF RAMGARHIA SIKH TEMPLE
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Opinion We have audited the financial statements of Ramgarhia Sikh Temple (the ‘charity') for the period ended 31 March 2025 which comprise the Statement of Financial Activities, the Balance Sheet and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’. In our opinion the financial statements: - give a true and fair view of the state of the charity's affairs as at 31 March 2025 and of its incoming resources and application of resources, for the period then ended; - have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland’; and - have been prepared in accordance with the requirements of the Charities Act 2011. Basis for opinion We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.
Other information The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.
In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.
Matters on which we are required to report by exception We have nothing to report in respect of the following matters where the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinion: - the information given in the Report of the Trustees is inconsistent in any material respect with the financial statements; or - sufficient accounting records have not been kept; or - the financial statements are not in agreement with the accounting records and returns; or - we have not received all the information and explanations we require for our audit. Responsibilities of trustees As explained more fully in the Statement of Trustees’ Responsibilities, the trustees are responsible for the preparation of the financial statements which give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the charity's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so.
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REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF
RAMGARHIA SIKH TEMPLE
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Our responsibilities for the audit of the financial statements We have been appointed as auditors under Section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
- enquiring with management and others to gain an understanding of[the][organisation][itself][ including] operations, financial reporting and known fraud or error; - evaluating and understanding the internal control system; - performing analytical procedures as expected or unexpected variances in account balances or classes of transactions appear; - testing documentation supporting account balances or classes of transactions; and - confirming accounts receivable and other accounts with a third party.
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.
Use of our report
This report is made solely to the charity's trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charity's trustees those matters we are required to state to them in an auditors’ 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 charity and the charity's trustees as a body, for our audit work, for this report, or for the opinions we have formed.
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J W Hinks LLP Chartered Accountants and Statutory Auditors 19 Highfield Road Edgbaston Birmingham West Midlands B15 3BH
26 January 2026
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*RAMGARHIA SIKH TEMPLE
STATEMENT OF FINANCIAL ACTIVITIES FOR THE PERIOD 6 APRIL 2024 TO 31 MARCH 2025
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|---|---|---|---|---|---|---|
|Oeeee|
|Period|
|6.4.24|
|to|Year|Ended|
|31.3.25|5.4.24|
|Places|of|
|worship|
|Unrestricted|security|Total|Total|
|funds|fund|funds|funds|
|Notes|£|£|£|£|
|INCOME|AND|ENDOWMENTS|FROM|
|Donations and|legacies|3|254,457|-|254,457|254,136|
|Charitable|activities|6|
|Funds raised|by the womens'|sector of the temple|13,396|-|13,396|12,236|
|Other trading activities|4|106,289|-|106,289|111,006|
|Investment|income|5|26,474|-|26,474|22,291|
|Other income|7|85,080|-|85,080|-|
|Total|485,696|-|485,696|399,669|
|EXPENDITURE|ON|
|Raising funds|8|37,612|-|37,612|31,268|
|Charitable|activities|9|
|Temple and|building running costs|198,174|-|198,174|149,636|
|Support costs|127,938|2,608|130,546|139,630|
|Total|363,724|2,608|366,332|320,534|
|NET INCOME/(EXPENDITURE)|121,972|(2,608)|119,364|79,135|
|RECONCILIATION|OF|FUNDS|
|Total funds|brought forward|2,214,570|7,188|2,221,758|2,142,623|
|TOTAL FUNDS CARRIED FORWARD|2,336,542|4,580|2,341,122|2,221,758|
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The notes form part of these financial statements
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RAMGARHIA SIKH TEMPLE
BALANCE SHEET
31 MARCH 2025
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|---|---|---|---|---|---|---|---|---|
|2025|2024|
|Places|of|
|worship|
|Unrestricted|security|Total|Total|
|funds|fund|funds|funds|
|Notes|£|£|£|£|
|FIXED|ASSETS|
|Tangible|assets|15|828,130|4,580|832,710|863,851|
|CURRENT|ASSETS|
|Debtors|16|59,181|-|59,181|40,294|
|Cash|at|bank and|in|hand|1,513,344|-|1,513,344|1,428,041|
|1,572,525|-|1,572,525|1,468,335|
|CREDITORS|
|Amounts|falling due within|one year|17|(64,113)|-|(64,113)|(110,428)|
|NET CURRENT ASSETS|1,508,412|.|1,508,412|1,357,907|
|TOTAL ASSETS|LESS CURRENT|LIABILITIES|2,336,542|4,580|2,341,122|2,221,758|
|NET ASSETS|2,336,542|4,580|2,341,122|2,221,758|
|FUNDS|18|
|Unrestricted|funds:|
|General|fund|1,402,761|1,323,660|
|Building fund|933,781|890,910|
|2,336,542|2,214,570|
|Restricted|funds:|
|Places|of worship|security fund|4,580|7,188|
|TOTAL FUNDS FUNDS|2,341,122|2,221,758|
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TOTAL FUNDS FUNDS
The financial statements were approved by the Board ofTrustees and authorised for issue on 26 January 2026 and were signed on its behalf by:
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er
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P S Bhogal - Trustee
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The notes form part of these financial statements
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*RAMGARHIA SIKH TEMPLE
NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD6 APRIL 2024 TO 31 MARCH 2025
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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 treland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
General information Ramearhia Sikh Temple is an unincorporated charity registered in England and Wales. The charity's principal address and place of activity is Graham Street, Birmingham, West Midlands, B1 3LA. Accounting convention 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 United Kingdom 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 using the historic cost convention and are presented in sterling which is the functional currency of the charity, rounded to the nearest £1.
The charity has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’:
° the requirements of Section 7 Statement of Cash Flows; ° the requirement of paragraph 3.17(d).
GOING CONCERN
The financial statements have been prepared on a going concern basis as the trustees believe that no material uncertainties exist. The trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from the date of authorising these financial statements. The expected level of income and expenditure is sufficient with the level of reserves for the charity to be able to continue as a going concern.
REPORTING PERIOD The charity's financial statements for the period ended 31 March 2025 covers the period 6 April 2024 to 31 March 2025, an accounting period which is shorter in length than the charity's comparative financial statements for the year ended 5 April 2023 which covered the period 6 April 2024 to 5 April 2024.
During the period ended 31 March 2025 the charity's trustees decided to amend the charity's accounting reference period to 31 March.
As a result, the comparative amounts presented in the charity's financial statements (including the related notes) for the period ended 31 March 2025 are not entirely comparable.
INCOME All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. For donations to be recognised the charity will have been notified of the amounts. If there are conditions attached to the donation and this requires a level of performance before entitlement can be obtained then income is deferred until those conditions are fully met or the fulfilment of those conditions is within the control of the charity and it is probable that they will be fulfilled. Fees charged for services provided by the charity such as car parking services are recognised as the services are being performed. Income received in advance of the service being performed is deferred. Income from local authority grants and grants from other third parties are recognised at fair value when the charity has entitlement after any performance conditions have been met, it is probable that the income will be received and the amount can be measured reliably. If entitlement is not met then these amounts are deferred. Investment income is earned through holding assets such as cash on deposit. It includes interest receivable. Interest income is recognised using the effective interest rate method and is recognised as the charity's right to receive payment is established. a————— Page 11 continued...
RAMGARHIA SIKH TEMPLE
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE PERIOD 6 APRIL 2024 TO 31 MARCH 2025
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- ACCOUNTING POLICIES - continued
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.
Expenditure is categorised under the following headings.
o Expenditure on charitable activities. o Other expenditure representing those items not falling into the above categories.
Support costs are those that assist with the work of the charity but do not directly represent charitable activities and include office costs, governance costs and other administrative costs.
TANGIBLE FIXED ASSETS Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Freehold property - 1% oncost Improvements to property - 15% on reducing balance Musical equipment and library books - 20% on reducing balance Fixtures and fittings - 15% onreducing balance Motor vehicles - 25% on reducing balance Computer & media equipment - 33% on reducing balance Freehold land included within freehold property has not been depreciated.
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset and is recognised in net income/(expenditure) for the year.
TAXATION The charity is exempt from corporation tax on its charitable activities.
The charity is charged corporation tax on its car parking, advertising and solar panels income net of directly attributable expenditure.
CASH AND CASH EQUIVALENTS
Cash and cash equivalents include cash in hand and deposits held at call with banks. current liabilities.
Bank overdrafts are shown within borrowings in
EMPLOYEE BENEFITS
When employees have rendered service to the charity, short-term employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service.
The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received.
Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment ofan employee or to provide termination benefits.
FUND ACCOUNTING
General funds are unrestricted funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes
Designated funds comprise unrestricted funds that have been set aside by the trustees for particular purposes.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund.
Further explanations of the nature and purpose of each fund is included in the notes to the financial statements.
Se Page 12 continued...
- RAMGARHIA SIKH TEMPLE
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE PERIOD6 APRIL 2024 TO 31 MARCH 2025
es
- ACCOUNTING POLICIES - continued
FUND ACCOUNTING FINANCIAL INSTRUMENTS The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments.
Basic financial instruments are initially recognised at transaction value and subsequently measured at amortised cost.
GOVERNMENT GRANTS
Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.
A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.
HIRE PURCHASE AND LEASING COMMITMENTS
Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.
CRITICAL ACCOUNTING JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY
In the application of the charity's accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other other sources.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period or in the period of the revision and future periods where the revision affects both current and future periods.
DONATIONS AND LEGACIES
| Period | |||
|---|---|---|---|
| 6.4.24 | |||
| to | Year Ended | ||
| 31.3.25 | 5.4.24 | ||
| £ | £ | ||
| General | donations | 184,755 | 171,065 |
| Buildingfund | fund donations | 69,702 | 83,071 |
| 254,457 | 254,136 |
OTHER TRADING ACTIVITIES
| OTHER TRADINGTRADING ACTIVITIES | ||
|---|---|---|
| Period | ||
| 6.4.24 | ||
| to | Year Ended | |
| 31.3.25 | 5.4.24 | |
| £ | £ | |
| Car parkingincome | 93,403 | 105,156 |
| Gift in kind -funeral parking | 5,850 | 5,850 |
| Solarpanelsincome | 7,036 | - |
| 106,289 | 111,006 |
eiee eee Page 13 continued...
RAMGARHIA SIKH TEMPLE
NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE PERIOD 6 APRIL 2024 TO 31 MARCH 2025
5. INVESTMENT INCOME
| 5. | INVESTMENT INCOMEINCOME | |||
|---|---|---|---|---|
| Period | ||||
| 6.4.24 | ||||
| to | Year Ended | |||
| 31.3.25 | 5.4.24 | |||
| £ | £ | |||
| Depositaccountinterest | 26,474 | 22,291 | ||
| 6. | INCOME FROM CHARITABLE | ACTIVITIES | ||
| Period | ||||
| 6.4.24 | ||||
| to | Year Ended | |||
| 31.3.25 | 5.4.24 | |||
| Activity | £ | £ | ||
| Istri Sabha | Funds raised bythewomens' sectorofthetemple | 13,396 | 12,236 | |
| 7. | OTHER INCOME | |||
| Period | ||||
| 6.4.24 | ||||
| to | Year Ended | |||
| 31.3.25 | 5.4.24 | |||
| £ | £ | |||
| Exceptionalincome | 85,080 | - |
Exceptional items
During the period ended 31 March 2025 the charity received an insurance claim from its insurer totalling £85,080 (year ended 5 April 2024 - £nil) concerning roof damage sustained at the charity's temple premises.
RAISING FUNDS
OTHER TRADING ACTIVITIES
| Period | |||
|---|---|---|---|
| 6.4.24 | |||
| to | Year Ended | ||
| 31.3.25 | 5.4.24 | ||
| £ | £ | ||
| Gift | in kind -funeral parking | 5,850 | 5,850 |
| Car | park rates | 4,404 | 4,170 |
| Car | parkadministration charge | 5,875 | 2,230 |
| Car | parkrepairs and renewals and othercar parkexpenses | 80 | 323 |
| Car | parktaxation charge | 18,376 | 18,823 |
| Car | parktaxation charge - prioryear | 3,027 | (128) |
| 37,612 | 31,268 |
ee
ee Page 14 continued...
- RAMGARHIA SIKH TEMPLE
NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE PERIOD 6 APRIL 2024 TO 31 MARCH 2025
ee
----- Start of picture text -----
|||||||||
|---|---|---|---|---|---|---|---|
|9,|CHARITABLE|ACTIVITIES COSTS|
|Direct|Support|
|Costs|(see|costs|(see|
|note|10)|note|11)|Totals|
|£|£|£|
|Temple|and|building|running|costs|198,174|-|198,174|
|Support costs|-|130,546|130,546|
|198,174|130,546|328,720|
|10.|DIRECT COSTS OF CHARITABLE ACTIVITIES|Period|
|6.4.24|
|to|Year|Ended|
|31.3.25|5.4.24|
|£|£|
|Staff costs|74,841|58,519|
|Rates|and|water|4,355|7,461|
|Light and|heat|46,891|56,037|
|Sundries|17,267|8,582|
|Repairs and|renewals|54,820|19,037|
|198,174|149,636|
|11.|SUPPORT COSTS|Sundry|
|support|Governance|
|costs|costs|Totals|
|£|£|£|
|Support costs|120,977|9,569|130,546|
----- End of picture text -----
Support costs are those costs that have been incurred by the charity in order to further the continued development of the charity's charitable activities.
Support costs, included in the above, are as follows:
SUNDRY SUPPORT COSTS
----- Start of picture text -----
||||||
|---|---|---|---|---|
|Period|
|6.4.24|
|to|Year|Ended|
|31.3.25|5.4.24|
|Support|Total|
|costs|activities|
|£|£|
|Wages|23,211|7,713|
|Equipment|rental|charges|1,457|1,457|
|Food|for congregation|20,549|19,973|
|Insurance|2,712|3,429|
|Telephone|and|internet|2,677|2,865|
|Postage and|stationery|2,633|3,324|
|Sundries|14,453|24,152|
|Donations|2,101|2,000|
|Kirtan|Bheta|7,819|13,167|
|Pest control|costs|150|980|
|Depreciation|of tangible fixed|assets|43,215|48,375|
|120,977|127,435|
----- End of picture text -----
NN———— Page 15 continued...
RAMGARHIA SIKH TEMPLE
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE PERIOD6 APRIL 2024 TO 31 MARCH 2025 ————
11. SUPPORT COSTS - continued GOVERNANCE COSTS
----- Start of picture text -----
|||||
|---|---|---|---|
|Period|
|6.4.24|
|to|Year|Ended|
|31.3.25|5.4.24|
|Support|Total|
|costs|activities|
|£|f|
|Insurance|costs|1,769|2,329|
|Professional fees|-|2,066|
|Auditors'|remuneration|5,700|5,700|
|Accountancy|2,100|2,100|
|9,569|12,195|
----- End of picture text -----
TRUSTEES’ REMUNERATION AND BENEFITS
There were no trustees’ remuneration or other benefits for the period ended 31 March 2025 nor for the year ended 5 April 2024.
TRUSTEES' EXPENSES
Minor reimbursements were made to trustees during the year in relation to charity expenditure paid for personally by trustees.
STAFF COSTS
----- Start of picture text -----
|||||
|---|---|---|---|
|Period|
|6.4.24|
|to|Year|Ended|
|31.3.25|5.4.24|
|£|£|
|Wages and|salaries|97,493|66,232|
|Social|security costs|559|-|
|98,052|66,232|
----- End of picture text -----
The average monthly number of employees during the period was as follows:
----- Start of picture text -----
||||||
|---|---|---|---|---|
|Period|
|6.4.24|
|to|Year|Ended|
|31.3.25|5.4.24|
|Temple and|ancillary|staff|4|3|
----- End of picture text -----
No employees received emoluments in excess of £60,000.
Ne
----- Start of picture text -----
ele
----- End of picture text -----
Page 16
continued...
“RAMGARHIA SIKH TEMPLE
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD6 APRIL 2024 TO 31 MARCH 2025
ns
| 14. | COMPARATIVES FORTHESTATEMENTOF FINANCIAL ACTIVITIES | |||
|---|---|---|---|---|
| Places of | ||||
| worship | ||||
| Unrestricted | security | Total | ||
| funds | fund | funds | ||
| £ | £ | £ | ||
| INCOMEAND ENDOWMENTS FROM | ||||
| Donationsand legacies | 254,136 | - | 254,136 | |
| Charitable activities | ||||
| Funds raised bythewomens' sector ofthetemple | 12,236 | - | 12,236 | |
| Othertradingactivities | 111,006 | - | 111,006 | |
| Investmentincome | 22,291 | - | 22,291 | |
| Total | 399,669 | - | 399,669 | |
| EXPENDITURE ON | ||||
| Raisingfunds | 31,268 | - | 31,268 | |
| Charitable activities | ||||
| Templeand building runningcosts | 149,636 | - | 149,636 | |
| Supportcosts | 136,561 | 3,069 | 139,630 | |
| Total | 317,465 | 3,069 | 320,534 | |
| NETINCOME/(EXPENDITURE) | 82,204 | (3,069) | 79,135 | |
| RECONCILIATION OF FUNDS | ||||
| Totalfunds broughtforward | 2,132,366 | 10,257 | 2,142,623 | |
| TOTALFUNDSCARRIEDFORWARD | 2,214,570 | 7,188 | 2,221,758 | |
| 15. | TANGIBLE FIXED ASSETS | |||
| Musical | ||||
| equipment | ||||
| Improvements | and | |||
| Freehold | to | library | ||
| property | property | books | ||
| £ | £ | £ | ||
| COST | ||||
| At6April 2024 Additions |
828,068 - |
645,437 - |
27,992 480 |
|
| At31 March 2025 | 828,068 | 645,437 | 28,472 | |
| DEPRECIATION | ||||
| At6April 2024 Chargeforyear |
197,172 6,541 |
459,405 27,905 |
27,460 203 |
|
| At31 March 2025 | 203,713 | 487,310 | 27,663 | |
| NETBOOK VALUE | ||||
| At31 March 2025 | 624,355 | 158,127 | 809 | |
| At5April2024 | 630,896 | 186,032 | 532 |
$$$ Page 17 continued...
RAMGARHIA SIKH TEMPLE
NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE PERIOD 6 APRIL 2024 TO 31 MARCH 2025
ea
| 15. | TANGIBLE FIXED ASSETS - continued | ||||
|---|---|---|---|---|---|
| Fixtures | Computer | ||||
| and | Motor | & media | |||
| fittings | vehicles | equipment | Totals | ||
| £ | £ | £ | £ | ||
| COST | |||||
| At6April 2024 | 276,207 | 12,300 | 30,322 | 1,820,326 | |
| Additions | 6,339 | - | 5,255 | 12,074 | |
| At31 March 2025 | 282,546 | 12,300 | 35,577 | 1,832,400 | |
| DEPRECIATION | |||||
| At6April 2024 | 230,345 | 12,040 | 30,053 | 956,475 | |
| Chargeforyear | 7,545 | 65 | 956 | 43,215 | |
| At31 March 2025 | 237,890 | 12,105 | 31,009 | 999,690 | |
| NETBOOKVALUE | |||||
| At31 March 2025 | 44,656 | 195 | 4,568 | 832,710 | |
| At5April 2024 | 45,862 | 260 | 269 | 863,851 | |
| 16. | DEBTORS:AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||
| 2025 | 2024 | ||||
| £ | £ | ||||
| Tradedebtors | 6,053 | 4,232 | |||
| Otherdebtors | - | 3,027 | |||
| Accrued income | 48,647 | 27,647 | |||
| Prepayments | 4,481 | 5,388 | |||
| 59,181 | 40,294 | ||||
| 17. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONEYEAR | ||||
| 2025 | 2024 | ||||
| £ | £ | ||||
| Trade creditors | 1,850 | - | |||
| Tax | 20,412 | 18,823 | |||
| Social securityand othertaxes | 3,808 | 1,122 | |||
| VAT | 15,548 | 40,746 | |||
| Other creditors | 6,313 | 4,357 | |||
| Accruedexpenses | 16,182 | 45,380 | |||
| 64,113 | 110,428 |
eee Page 18 continued...
- RAMGARHIA SIKH TEMPLE
NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE PERIOD 6 APRIL 2024 TO 31 MARCH 2025
- MOVEMENT IN FUNDS
Neennaaneee
----- Start of picture text -----
|||||||||||
|---|---|---|---|---|---|---|---|---|---|
|Net|
|movement|At|
|At|6.4.24|in|funds|31.3.25|
|£|£|£|
|Unrestricted|funds|
|General fund|1,323,660|79,101|1,402,761|
|Building fund|890,910|42,871|933,781|
|2,214,570|121,972|2,336,542|
|Restricted|funds|
|Places|of worship|security fund|7,188|(2,608)|4,580|
|TOTAL FUNDS|2,221,758|119,364|2,341,122|
|Net movement|in|funds,|included|in|the|above|are|as|follows:|
|Incoming|Resources|Movement|
|resources|expended|in|funds|
|£|£|£|
|Unrestricted|funds|
|General|fund|415,994|(336,893)|79,101|
|Building fund|69,702|(26,831)|42,871|
|485,696|(363,724)|121,972|
|Restricted|funds|
|Places|of worship security fund|-|(2,608)|(2,608)|
|TOTAL FUNDS|485,696|(366,332)|119,364|
----- End of picture text -----
Comparatives for movement in funds
----- Start of picture text -----
||||||
|---|---|---|---|---|
|Net|
|movement|At|
|At|6.4.23|in|funds|5.4.24|
|£|£|£|
|Unrestricted|funds|
|General|fund|1,292,962|30,698|1,323,660|
|Building fund|839,404|51,506|890,910|
|2,132,366|82,204|2,214,570|
|Restricted|funds|
|Places of worship|security fund|10,257|(3,069)|7,188|
|TOTAL FUNDS|2,142,623|79,135|2,221,758|
----- End of picture text -----
a————— Page 19 continued...
RAMGARHIA SIKH TEMPLE
19,
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD6 APRIL 2024 TO 31 MARCH 2025
18. MOVEMENT IN FUNDS- continued
Comparative net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 316,598 | (285,900) | 30,698 |
| Buildingfund | 83,071 | (31,565) | 51,506 |
| 399,669 | (317,465) | 82,204 | |
| Restricted funds | |||
| Places ofworship securityfund | - | (3,069) | (3,069) |
| TOTALFUNDS | 399,669 | (320,534) | 79,135 |
| Purpose offunds | |||
| Unrestricted-GeneralFund |
The General Fund represents the free funds of the charity that are not designated for particular purposes.
Designated - Building Fund
The Building Fund relates to amounts that have been set aside to fund the development of a new community and education centre which is to incorporate features such as a drop-in centre for elderly people, a leisure centre, wedding halls and a nursery for the children of the community. There are also plans to expand the car parking to incorporate an underground area to increase capacity.
The Building Fund is also used to finance improvements to the charity's freehold property.
Restricted - Places of Worship Security Fund
The Places of Worship Security Fund relates to amounts received by the charity from the Home Office to help fund measures to provide protection to the congregation from hate crime.
RELATED PARTY DISCLOSURES
Minor reimbursements were made to trustees during the year in relation to charity expenditure paid for personally by trustees.
ULTIMATE CONTROLLING PARTY
The charity is controlled by a council of five custodian property trustees who are elected every 5 years by a members' ballot.
There are also three management trustees along with twenty selected committee members and they are in charge of the day to day running of the charity. Management trustees are elected every 3 years by a members' ballot.
OPERATING LEASE COMMITMENTS
As at 31 March 2025 the charity had outstanding commitments for future minimum lease payments under non-cancellable operating leases which fall due as follows. .
| Period | ||
|---|---|---|
| 6.4..24 | Year | |
| to | Ended | |
| 31.3.25 | 5.4.24 | |
| £ | £ | |
| Within oneyear | 2,394 | 2,736 |
| Betweentwoandfive years | - | 1,026 |
| In more than five years | - | - |
| 2,394 | 3,762 |
en e——s—“‘“(‘(‘(‘(‘(‘“(;CS:S:sts:SCSCtsCSa
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