OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2021-03-31-accounts

Charity Registration No. 509337

RAMGARHIA SABHA DERBY

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2021

RAMGARHIA SABHA DERBY

LEGAL AND ADMINISTRATIVE INFORMATION

a Trustees Mr M S Manku MrM S Lall Mr R S Manku Charity number 509337

Principal address

278 St. Thomas Road Derby DE23 8SY

Independent examiner

Philip Handley FCA HSKSG 48 St Christopher's Way Pride Park Derby DE24 8JY

O_O

.

RAMGARHIA SABHA DERBY

----- Start of picture text -----
CONTENTS
I
Page
Trustees’ report 1-3
Independent examiner's report 4
Statement of financial activities 5
Statement of financial position 6
Notes to the financial statements 7-13
----- End of picture text -----

a

RAMGARHIA SABHA DERBY

TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2021

Oe The trustees present their report with the financial statements of the charity for the year ended 31 March 2021. The trustees have adapted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019). The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the Trust's [governing document], the Charities Act 2011 and "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

The principal activities of the Charity in the year under review were the worship of God and promotion of the Sikh religion through social, cultural and sporting activities.

The trustees have regard to the Charities Commissions guidance on public benefit.

Achievements and performance

Charitable activities

During the year under review, the COVID-19 pandemic has become a significant emerging risk to the global economy. The trustees continue to monitor the impact on the charity on an ongoing basis.

Due to COVID-19 restrictions the temple was closed from 27th March 2020 to 4th July 2020 and reopened on 5th July 2020 for limited hours only. Online weekly programmes were organised to provide the service to community. Various onsite events were also allowed in line with the COVID-19 guidelines issued by the government from time to time.

The Charity has successfully achieved its aims and objectives outlined in the Trust Deed and constitution and continues to further these activities. The Trustees consider the results for the year and the state of affairs at 31 March 2021 to be satisfactory.

Donation to Institutions During the year, £575 (2020: £975) was donated to Sikh institutions situated across the United Kingdom and around the world. The trustees consider such donations to be permissible under the Charity's Constitution as they relate to promotion of the Sikh religion.

Financial review

Principal funding sources

The Charity's principal source of income comprises voluntary donations from congregations. The Temple also receives funds when weddings and religious occasions are held at the Temple, and also during Sikh festivals.

Due to the COVID-19 restrictions, the donations received were 70% down on previous year. Since the restrictions are released, donations are rising and are getting back to the normal level. Government grant from local council was received of £10,000 during the year as compensation for the closed period.

oS -1-

RAMGARHIA SABHA DERBY

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021 Cs TG

Going concern

The trustees have assessed the balance sheet and likely future cash flows at the date of approving these financial statements.

The trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements. At the time of approving these financial statements, the trustees do not consider COVID-19 to impact the charity’s ability to continue as a going concern and considers the balance sheet to be appropriately valued. The trustees note this is a non-adjusting post balance sheet event.

Reserves policy

The management committee have established a policy whereby the unrestricted funds not committed or invested in tangible fixed assets (‘the free reserves’) held by the charity should be between three and six months of the resources expended. At this level, the management committee feel they would be able to continue in short term the current activities of the charity in the event of a significant drop in funding. Current free reserves are negative £267,551 (2020: negative £255,608). The trustees understand this equates to a shortfall and are taking appropriate action to remedy this shortfall in the short to medium term.

During the year, the Charity did not expand the new Temple premises situated at 278, St. Thomas Road, Derby, DE23 8SY. Total costs of the project have so far amounted to £1,300,809. The premises were occupied in November 2014.

The total balance of interest free loans received from the Holding Trustees, Executive Committee members and the wider Ramgarhia community remaining unpaid at the year end amounted to £11,000 (2020: £11,000). These loans were used to defray the cost of the new Temple premises.

Structure, governance and management

Governing document The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.

The Trustees who served during the year and up to the date of signature of the financial statements were:

Mr M S Manku Mr M §& Lall Mr RS Manku

Holding Trustees

Trustees holding title to the property are:

Mr. Tejpal Singh Seehra Mr. Makhan Singh Lall

Mr. Paramjit Singh Bhogal Mr. Harjinder Singh Naitta

a—_ S090 a Qin

RAMGARHIA SABHA DERBY

TRUSTEES' REPORT (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2021

----- Start of picture text -----
aoe
----- End of picture text -----

Organisational structure The Holding Trust Board consists of 4 members elected by the Executive Committee. New Holding Trustees may be elected on recommendation of the Executive Committee, to be endorsed by the Sikh congregation at the annual general meeting.

The Executive Committee consists of 7 members, of which 3 members constitute the Management Trust Board, which is responsible for the Charity's day to day running and operational activities.

The Executive Committee has another 9 co-opted members.

The Trustees' report was approved by the Board of Trustees.

----- Start of picture text -----
fi
Mr M S Manku
Trustee
Date: MOB Pe Dopo
----- End of picture text -----

----- Start of picture text -----
= /
Mr M§ Lall ,
Trustee
----- End of picture text -----

----- Start of picture text -----
J) Ow Rewwrle OV
~ ‘ Hormeaty TR 1ec
MO RAT NALS AME ZEC\—
UK ( of [12 Mea. .laxreaeTe § Seeuea
12.03.2022
----- End of picture text -----

-3-

RAMGARHIA SABHA DERBY

INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF RAMGARHIA SABHA DERBY

| report to the Trustees on my examination of the financial statements of Ramgarhia Sabha Derby (the Trust) for the year ended 31 March 2021.

Responsibilities and basis of report As the Trustees of the Trust you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (the 2011 Act).

| report in respect of my examination of the Trust’s financial statements carried out under section 145 of the 2011 Act. In carrying out my examination | have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement | have completed my examination. | confirm that no matters have come to my attention in connection with the

Philip Haneyy \ eK\ <_

HSKSG 18 St Christopher's Way Pride Park Derby DE24 8JY Dated: liek:CW MARC aida

who

RAMGARHIA SABHA DERBY

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2021

FOR THE YEAR ENDEDYEAR ENDEDENDED 31 MARCH 2021MARCH 20212021 FOR THE YEAR ENDEDYEAR ENDEDENDED 31 MARCH 2021MARCH 20212021 FOR THE YEAR ENDEDYEAR ENDEDENDED 31 MARCH 2021MARCH 20212021 FOR THE YEAR ENDEDYEAR ENDEDENDED 31 MARCH 2021MARCH 20212021
I
0
Unrestricted Unrestricted Unrestricted Unrestricted
funds funds
2021 2020
Notes £ £
Income from:
Donationsand legacies
Investments		 3
4		 43,462
14		 140,471
75
Total income 43,476 140,546
Expenditure
on:
Charitable activities		 5 81,046 99,888
Net(expenditure)/incomefortheyear/
Netmovement infunds		 (37,570) 40,658
Fund balances at 1 April2020 904,051 863,393
Fundbalancesat 31March2021 866,481 904,051

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

a TT -5-

RAMGARHIA SABHA DERBY

STATEMENT OF FINANCIAL POSITION

AS AT 31 MARCH 2021

AS AT 31AT 3131 MARCH 2021 AS AT 31AT 3131 MARCH 2021 AS AT 31AT 3131 MARCH 2021 AS AT 31AT 3131 MARCH 2021 AS AT 31AT 3131 MARCH 2021 AS AT 31AT 3131 MARCH 2021 AS AT 31AT 3131 MARCH 2021
TT
090
2021 2020
Notes £ £ £ £
Fixed assets
Tangible assets		 9 1,134,032 1,159,661
Current assets
Debtors
Cash atbank and in hand		 10 9,874
55,112		 34,610
43,762
64,986 78,372
Creditors: amounts falling due within
oneyear		 11 (32,972) (18,940)
Netcurrentassets 32,014 59,432
Total assets less current liabilities 1,166,046 1,219,093
Creditors: amounts falling due after
morethanoneyear		 12 (299,565) (315,042)
Netassets 866,481 904,051
Income funds
Unrestrictedfunds		 866,481 904,051
866,481 904,051
Thefinancial statementswereapprovedbytheTrusteesonilos(22..
iy
™Mshin SVMolen
MrMSManku		 4
je
Pde Fase
MrMSLall
°		 5. gbchede
—
Trustee Trustee

----- Start of picture text -----
/ } oN Berar oF
mo Lad rel s- ahrott Li
Me, —_rere S Seewew
}2.0.3.2e22—
----- End of picture text -----

----- Start of picture text -----
ee nn nana nnn unc n n
----- End of picture text -----

-6-

RAMGARHIA SABHA DERBY

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

Re

Charity information Ramgarhia Sabha Derby is an unincorporated charity registered with charity commission of England and Wales.

4.1 Accounting convention The financial statements have been prepared in accordance with the Trust's governing document, the Charities Act 2011, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "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). The Trust is a Public Benefit Entity as defined by FRS 102. The Trust has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows.

The financial statements are prepared in sterling, which is the functional currency of the Trust. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.5 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.

a: TG -7-

RAMGARHIA SABHA DERBY

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2021

Inn 1 Accounting policies (Continued)

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold land and buildings 2% on cost Fixtures and fittings 15% on reducing balance Motor vehicles 15% on reducing balance

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 the statement of financial activities.

2 Critical accounting estimates and judgements

In the application of the Trust'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 sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

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.

: Unrestricted Unrestricted
funds funds
general general
2021 2020
£ £
Donations and gifts
Government grant		 43,462
-		 130,471
10,000
43,462 140,471

IS990 -8-

RAMGARHIA SABHA DERBY

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2021

FOR THE YEAR ENDEDYEAR ENDEDENDED 31 MARCH 2021MARCH 20212021 FOR THE YEAR ENDEDYEAR ENDEDENDED 31 MARCH 2021MARCH 20212021 FOR THE YEAR ENDEDYEAR ENDEDENDED 31 MARCH 2021MARCH 20212021 FOR THE YEAR ENDEDYEAR ENDEDENDED 31 MARCH 2021MARCH 20212021
I
—_ i G60
3 Donationsand legacies (Continued)
Donations and gifts
Donation
Appeals		 43,462
-		 127,471
3,000
43,462 130,471
4 Investments
Unrestricted Unrestricted
funds funds
general general
2021 2020
£ £
Interestreceivable 14 75

O_O -9-

||||zo
2A
69
EN|al|WwDnror aDnnmnweamnoea aD
DANRR@OaONTONDSOT
KANNAN DANTOOT
rao
oO
NK owvrw
for)
NA
=|oO
|r
| QR
ie)
a|Ke)
fee]
FF
|B
OD | ©
2
@|Ke)
fee]
FF
|B
OD | ©
2
@|| |---|---|---|---|---|---|---|---|---|---| ||||5
oO
qi
s
oO
Pay
A|wl|To a
©
© ©)
LO
o=-
—
oO
ras
oO
N|N
foe)
oo
co|u|Nn
foe)
oO
©
2|| ||||nrou
2eg
eggs||roreoeott
F
Pt Q@Meaoem
tl
!
ano
Ne|N
o
XC|Ke)
nf]
&|&
o
N|| ||||fe}||||||| ||||a||||||| ||||Dono
eon
geo
>
©|WwW|'aroram'i'
'' !
An rode
OANA OA
NW
- OO
~~
N
—||@
a
ie
Oo
ve)|" |@
2
o
=)
wo||| ||||Sco
2N
69
EN|ow|tyarentren'agee
lr
ArT OnDDRa
ONO
Looms
ANAS
RM TN ©
N oO
-
fo>)
(=)
N=
2||KR
~|©
|v
lS
ba
=|| ||||=
<=
o
A
=
o
5
s|Gi|a
oD od
aq
No
N
NA
=
ao
N|oO
jo
eet
16
2|:|©
—
ae
Ko)
2|| ||||eee
§29||>
a
os|2
cs|i|2
fs|=| ||||fe}||||||| ||||[a]||||||| ||~~
QO
i||Dor
cUoN
RES
2s|Ww|'orwanaroar'''' |@
—-rTrONwD oe
N
hm SE
02 0 SN
ae
No NoO
N
ise)
~
°||‘ |8
N
co
°||| ||=||4||||||| ||zE||||||||| ||5O||||||||| ||—_||||||||| |“ =
zn
ws
Ss
nN
Ww =
=~
&
m
<&
Eos
Oo
2:
gr
x
Oo 2
= 2
Ww
o
<
Q
on
<
Zz
8
—
=
=
on = | 2
2
aut]
3s
TCT
FW
©
=
[aa
>
2
fe)
=
qFuw|e
=
6
ox
FI
re
gs
Ss
w
S)
06
Ps
2
Ww
ro)|||||&
wy
oS)
oD
7)
w
-
ge
8
a
o
ce
eas
Qa
c—
ep)
Cc
=
oo 2o
ow
=
a2z35D>
wx
2,8
8
2
s
oops
&
pa
sc
s
gp
$£e232
=
gf
ois
ess
~~
oo
o
7
oS
io
eSsvelFAQe sg
G
SelfoBnnnDS oO
SSegGSLasaysr
Con
LT akvonoe~
am®@sroZae*sce
oS TLROGLOSL aS
ofre&nrfsr0aam||o
2
g
2
<2
:
~~
2
Zz
6
o
5
©
Ss
2
5
=
<
S
=
)|||

RAMGARHIA SABHA DERBY

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2021

C—OG6

6 Grants payable

Grants payable
Donations Donations
spent spent
2021 2020
£ £
Grants to institutions (2 grants):
Ramgarhia Council
Sikh Council		 300
275
-		 725
-
250
Akaal channel
575 975

7 Trustees

Trustees' remuneration and benefits There were no trustee's remuneration or other benefits for the year ended 31 March 2021 nor for the year ended 31 March 2020.

Trustees’ expenses There were no trustee's expenses paid for the year ended 31 March 2021 nor for the year ended 31 March 2020.

8 Employees

Theaveragemonthly numberofemployees during theyearwas: 2021 2020
Number Number
: 2 4

There were no employees whose annual remuneration was more than £60,000.

a.:«CT -11-

RAMGARHIA SABHA DERBY

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021

FOR THE YEAR ENDEDENDED 31 MARCH 2021MARCH 20212021 FOR THE YEAR ENDEDENDED 31 MARCH 2021MARCH 20212021 FOR THE YEAR ENDEDENDED 31 MARCH 2021MARCH 20212021 FOR THE YEAR ENDEDENDED 31 MARCH 2021MARCH 20212021 FOR THE YEAR ENDEDENDED 31 MARCH 2021MARCH 20212021 FOR THE YEAR ENDEDENDED 31 MARCH 2021MARCH 20212021
ng
TS
9 Tangible fixed assets Freehold land Fixtures andMotorvehicles Total
and buildings fittings
£ £ £ £
Cost
At 1 April 2020
Additions		 1,300,809
-		 65,698
1,594		 5,564
-		 1,372,071
1,594
At31 March2021 1,300,809 67,292 5,564 1,373,665
Depreciation and impairment
At 1 April2020
Depreciationcharged intheyear		 147,604
26,016		 60,101
1,079		 4,705
128		 212,410
27,223
At31 March2021 173,620 61,180 4,833 239,633
Carrying amount
At31 March 2021		 1,127,189 6,112 731 1,134,032
At31March2020 1,153,205 5,597 859 1,159,661

The carrying value of assets pledged as security in support of bank borrowings amounted to £1,127,189 (2020: £1,153,205).

10 Debtors 2021 2020
Amounts falling duewithinoneyear: £ £
Tradedebtors
Other debtors
Prepaymentsandaccrued income		 7,500
-
2,374		 21,066
10,000
3,544
9,874 34,610

Trade Debtors

Debtors represents tax on gift aid donations received during the year.

41. Creditors: amountsfallingduewithin oneyear 2021 2020
Notes £ £
Bank loans
Otherborrowings
Trade creditors
Accruals and deferred income		 13 16,120
11,000
2,385
3,467		 2,840
11,000
2,580
2,520
32,972 18,940

SS (‘000

-12-

RAMGARHIA SABHA DERBY

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2021

----- Start of picture text -----
|||||||||| |---|---|---|---|---|---|---|---|---| |I_|On| |42|Creditors:|amounts|falling|due|after more than one year|2021|2020| |Notes|£|£| |Bank|loans|13|299, 565|315,042| |13|Loans and|overdrafts|2021|2020| |£|£| |Bank|loans|315,685|317,882| |Other|loans|11,000|11,000| |326,685|328,882| |Payable|within|one year|27,120|13,840| |Payable|after one year|299,565|315,042| |Amounts|included|above|which|fall|due|after|five|years:| |Payable|by instalments|(299,565)|(273,124)|

----- End of picture text -----

Bank loans are secured against the freehold property at 278 St. Thomas Road, Derby, DE23 8SY and associated assets. As discussed in the Report of the Trustees on page 1, interest free loans of £11,000 consists of appeals made by the temple to the local and wider Ramgarhia community. The Charity originally received loans totalling £144,500, of which £133,500 had been repaid or converted into donations by 31 March 2021, in accordance with the donors wishes.

As these loans are repayable on demand, they have been classifies as amounts due within one year. However, it is anticipated that, in practice, those community members will refrain from exercising their option, thereby allowing the Temple to repay the said loans over a longer period of up to 5 years.

14 Related party transactions

There were no disclosable related party transactions during the year (2020 - none).

a:CN =13'=