REGISTERED CHARITY NUMBER: 510980
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 December 2020
for
GURU RAMDAS SINGH SABHA
Skeh Accountants Limited 61B Caroline Street The Jewellery Quarter Birmingham West Midlands B3 1UF
GURU RAMDAS SINGH SABHA
Contents of the Financial Statements for the Year Ended 31 December 2020
| Page | |
|---|---|
| Report of the Trustees | 1 |
| Independent Examiner's Report | 2 |
| Statement of Financial Activities | 3 |
| Balance Sheet | 4 |
| Notes to the Financial Statements | 5 to 9 |
| Detailed Statement of Financial Activities | 10 to 11 |
GURU RAMDAS SINGH SABHA
Report of the Trustees for the Year Ended 31 December 2020
The trustees present their report with the financial statements of the charity for the year ended 31 December 2020. 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).
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
510980
Principal address 495 MOSELEY ROAD BALSALL HEATH BIRMINGHAM West Midlands B12 9BX
Trustees
A Singh T Singh S Singh S S Potiwal G Singh
Independent Examiner
Skeh Accountants Limited 61B Caroline Street The Jewellery Quarter Birmingham West Midlands B3 1UF
Approved by order of the board of trustees on 6 March 2022 and signed on its behalf by:
S Singh - Trustee
Page 1
Independent Examiner's Report to the Trustees of GURU RAMDAS SINGH SABHA
Independent examiner's report to the trustees of GURU RAMDAS SINGH SABHA
I report to the charity trustees on my examination of the accounts of GURU RAMDAS SINGH SABHA (the Trust) for the year ended 31 December 2020.
Responsibilities and basis of report
As the charity trustees of the Trust 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 Trust's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the 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:
-
accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
-
the accounts do not accord with those records; or
-
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.
ARUN KUMAR FMAAT Skeh Accountants Limited 61B Caroline Street The Jewellery Quarter Birmingham West Midlands B3 1UF
1 March 2022
Page 2
GURU RAMDAS SINGH SABHA
Statement of Financial Activities for the Year Ended 31 December 2020
| 31.12.20 Unrestricted funds Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 20,878 Other trading activities 2 14,380 Total 35,258 EXPENDITURE ON Raising funds 3 - Charitable activities Property Expenses 11,777 Administaration Expenses 7,080 Fund Raising Expenses - Other Expenses 2,032 Total 20,889 NET INCOME 14,369 RECONCILIATION OF FUNDS Total funds brought forward 102,620 TOTAL FUNDS CARRIED FORWARD 116,989 |
31.12.19 Total funds £ 25,631 - 25,631 294 12,065 11,414 1,858 - 25,631 - 102,620 102,620 |
|---|---|
The notes form part of these financial statements
Page 3
GURU RAMDAS SINGH SABHA
Balance Sheet
31 December 2020
| 31.12.20 Unrestricted funds Notes £ FIXED ASSETS Tangible assets 6 48,573 CURRENT ASSETS Cash at bank and in hand 69,166 CREDITORS Amounts falling due within one year 7 (750) NET CURRENT ASSETS 68,416 TOTAL ASSETS LESS CURRENT LIABILITIES 116,989 NET ASSETS 116,989 FUNDS 8 Unrestricted funds 116,989 TOTAL FUNDS 116,989 |
31.12.19 Total funds £ 48,573 54,797 (750) 54,047 102,620 102,620 102,620 102,620 |
|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 6 March 2022 and were signed on its behalf by:
S Singh - Trustee
The notes form part of these financial statements
Page 4
GURU RAMDAS SINGH SABHA
Notes to the Financial Statements for the Year Ended 31 December 2020
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 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.
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.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
continued...
Page 5
GURU RAMDAS SINGH SABHA
Notes to the Financial Statements - continued for the Year Ended 31 December 2020
2. OTHER TRADING ACTIVITIES
| 2. | OTHER TRADING ACTIVITIES | ||
|---|---|---|---|
| 31.12.20 | 31.12.19 | ||
| £ | £ | ||
| Exceptional items | 14,380 | - | |
| 3. | RAISING FUNDS | ||
| Investment management costs | |||
| Property repairs | 31.12.20 £ - |
31.12.19 £ 294 |
4. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 December 2020 nor for the year ended 31 December 2019.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 December 2020 nor for the year ended 31 December 2019.
5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| INCOME AND ENDOWMENTS FROM | Unrestricted funds £ |
|---|---|
| Donations and legacies | 25,631 |
| EXPENDITURE ON | |
| Raising funds | 294 |
| Charitable activities | |
| Property Expenses | 12,065 |
| Administaration Expenses | 11,414 |
| Fund Raising Expenses | 1,858 |
| Total | 25,631 |
| NET INCOME | - |
continued...
Page 6
GURU RAMDAS SINGH SABHA
Notes to the Financial Statements - continued for the Year Ended 31 December 2020
| 5. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL | COMPARATIVES FOR THE STATEMENT OF FINANCIAL | COMPARATIVES FOR THE STATEMENT OF FINANCIAL | ACTIVITIES - | ACTIVITIES - | |
|---|---|---|---|---|---|---|
| continued | ||||||
| Unrestricted | ||||||
| funds | ||||||
| £ | ||||||
| RECONCILIATION OF FUNDS | ||||||
| Total funds brought forward | 102,620 | |||||
| TOTAL FUNDS CARRIED | ||||||
| FORWARD | 102,620 | |||||
| 6. | TANGIBLE FIXED ASSETS | |||||
| COST | Fixtures Freehold and property fittings £ £ |
Motor vehicles £ |
Totals £ |
|||
| At 1 January 2020 and | ||||||
| 31 December 2020 | 41,172 | 1 | 7,400 | 48,573 | ||
| NET BOOK VALUE | ||||||
| At 31 December 2020 | 41,172 | 1 | 7,400 | 48,573 | ||
| At 31 December 2019 | 41,172 | 1 | 7,400 | 48,573 | ||
continued...
Page 7
GURU RAMDAS SINGH SABHA
Notes to the Financial Statements - continued for the Year Ended 31 December 2020
7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Trade creditors Other creditors 8. MOVEMENT IN FUNDS At 1.1.20 £ Unrestricted funds General fund 102,620 TOTAL FUNDS 102,620 Net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 35,258 TOTAL FUNDS 35,258 |
31.12.20 31.12.19 £ £ (750) - 1,500 750 750 750 Net movement At in funds 31.12.20 £ £ 14,369 116,989 14,369 116,989 Resources Movement expended in funds £ £ (20,889) 14,369 (20,889) 14,369 |
|---|---|
continued...
Page 8
GURU RAMDAS SINGH SABHA
Notes to the Financial Statements - continued for the Year Ended 31 December 2020
9. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 December 2020.
Page 9
GURU RAMDAS SINGH SABHA
Detailed Statement of Financial Activities for the Year Ended 31 December 2020
| Detailed Statement of Financial Activities for the Year Ended 31 December 2020 |
||
|---|---|---|
| 31.12.20 | 31.12.19 | |
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Donations | 20,878 | 25,631 |
| Other trading activities | ||
| Exceptional items | 14,380 | - |
| Total incoming resources | 35,258 | 25,631 |
| EXPENDITURE | ||
| Investment management costs | ||
| Property repairs | - | 294 |
| Charitable activities | ||
| Wages | 6,100 | - |
| Rates and water | 48 | - |
| Insurance | 1,089 | 1,088 |
| Light and heat | 10,424 | 9,476 |
| Telephone | 930 | 822 |
| Sundries | - | 748 |
| Support costs | 18,591 | 12,134 |
| Management | ||
| Wages | 323 | 7,800 |
| Rates and water | - | 1,501 |
| Insurance | 170 | 1,110 |
| Postage and stationery | - | 320 |
| Advertising | - | 28 |
| Sundries | - | 1,694 |
| No description | 150 | - |
| 643 | 12,453 | |
| Finance | ||
| Postage and stationery | 50 | - |
This page does not form part of the statutory financial statements
Page 10
GURU RAMDAS SINGH SABHA
| Detailed Statement of Financial Activities | ||
|---|---|---|
| for the Year Ended 31 December 2020 | ||
| 31.12.20 | 31.12.19 | |
| £ | £ | |
| Finance | ||
| Information technology | ||
| Repairs and renewals | 216 | - |
| Sundries | 1,389 | - |
| Governance costs | 1,605 | - |
| Accountancy and legal fees | - | 750 |
| Total resources expended | 20,889 | 25,631 |
| Net income | 14,369 | - |
This page does not form part of the statutory financial statements
Page 11