Registered number 511489
Ramgarhia Sikh Temple
Report and Accounts
31 December 2021
Ramgarhia Sikh Temple Report and accounts Contents
| Page | |
|---|---|
| Charity's information | 1 |
| Trustees's Report | 2 |
| Report of the independent examiner | 4 |
| Income and Expenditure account | 5 |
| Balance sheet | 6 |
| Notes to the accounts | 7 |
Ramgarhia Sikh Temple Company Information
Trustees
Amarjit Singh Riyait Amrik Singh Chana Dalbir Singh Kundi Nirmal Singh Notay Daljit Singh Panesar President Kuldip Kaur Bharj
Secretary
Mota Singh Marwaha
Accountants/Independent Examiners
Sidhu & CO 4 Albert Road Queensbury Bradford West Yorkshire BD13 1PB
Bankers
Barclays Bank 10 Market Street Bradford 1 Solicitors P & B Solicitors National House 951 Leeds Road Bradford BD3 8JB Registered office 720 Bolton Road Bradford BD3 0ND Charity number 511489
1
Ramgarhia Sikh Temple Registered number: 511489 Trustees Report for the year ended 31 December 2021
The trustees present their report along with the financial statements of the charity for the year ended 31 December 2021. The financial statements have been prepared in accordance with the accounting policies set out on page 7 and comply with the charity's constitution.
Trustees
The trustees named on page 1 have served throughout the year. Appointment of new or replacement trustee is governed by the constitution of the charity. The general body is authorized to appoint new trustees to fill vacancies arising through resignation or death of an existing trustee.
Investment Powers
The constitution authorizes the trustees to make and hold investments using the general funds of the charity. The balance in Deposit account at end of the year stood at £3,764.
Constitution, objects and policies
The charity is governed by its constitution and its main objects are to provide religious and religious related education service in the principles of Sikh faith and Sikh Rehat Maryada. In order to do this, the charity purchased a property and made further improvements for use by the charity.
The policy of the charity continues to be to seek additional finance and support to provide religious service to the Sikh community.
The trustees delegate the day to day responsibility for administration of the charity to the managing committee elected every two years by the general body.
Development, activities and achievements
The trustees consider that the performance of the charity this year has been satisfactory.
due to increase in revenue as a result of relxation of restrictions imposed by the Government on religious gathering on account of Covid -19 pendamic. A net profit of £27,408 was recorded. Capital additions during the year was limited to fixture and fittings only to th tune of £603. The charity would not be able to provide service to the community without the continuous support of a large number of volunteers who render services free of charge.
Financial review
The congregation continued making voluntary donations throughout the year. During the current financial year a net profit of £27,408 was realised, an increase of £33,709 compared to previous year. This was mainly due to increase in voluntary income, additional income arising from loss of income insurance claim and minor increase in establishment expenses.
Risk Managements
The trustees actively review the major risk which the charity faces on a regular basis and believe that maintaining reserves at current levels, combined with an annual review of the controls over key financial systems, will provide sufficient resources in the event of adverse conditions. The trustees have also examined other operational and business risks faced by the charity and confirm that they have established systems to mitigate the significant risks.
Future Developments
At the moment there are no plans for undertaking any development project in the near future.
2
Ramgarhia Sikh Temple Registered number: 511489 Trustees Report for the year ended 31 December 2021
Reserve Policy
It is the policy of the charity to maintain unrestricted funds at a level which equate to approximately 6 months unrestricted expenditure. The Charity's reserve funds are now standing at £70,572. The management committee has been cuationed to maintain level of at least £50,000 reserve funds at Statement of trustees' responsibilities
Law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the charity's financial activities during the year and its financial position at the end of the year. In preparing those financial statements, the trustees are required to:
a) select suitable accounting policies and apply them consistently;
b) make judgements and estimates that are reasonable and prudent;
c) state whether applicable accounting standards and statements of recommended practice have been followed, subject to any departures disclosed and explained in the financial statements; d) prepare the financial statements on a going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The trustees are responsible for keeping accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 1993. They are responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approval
This report was approved by the trustees and signed on their behalf on 20 September 2022.
Trustee
3
Ramgarhia Sikh Temple Report of the Independent Examiner to the trustees on the accounts of the Charity for the year ended 31 December 2021
I report on the financial statements of the Charity on pages 8 to 11 which have been prepared in accordance with the Charities Act 1993 and with the Financial Reporting Standard for Smaller Entities (FRSSE), effective April 2008, adapted to meet the needs of unincorporated organisations, as modified by the Statement of Recommended Practice for Accounting and Reporting issued by the Charity Commissioners for England & Wales, effective April 2008, revised in June 2008, under the historical cost convention and the accounting policies set out on page 12.
Respective responsibilities of trustees and examiner
As described on page 2 , the Charity's trustees are responsible for the preparation of the financial statements. The trustees consider that the audit requirement of Section 43(2) of the Charities Act 1993 (the Act) does not apply, and that there is no requirement in the governing document or constitution of the Charity for the conducting of an audit. It is my responsibility to state , on the basis of the procedures specified in the General Directions given by the Charity Commissioners for England & Wales under Section 43(7)(b) of the Act , whether particular matters have come to my attention.
Basis of opinion and scope of work undertaken
I conducted my examination in accordance with the General Directions given by the Charity Commissioners for England & Wales in relation to the conducting of an independent examination. An independent examination includes a detailed review of the accounting records kept by the Charity and of the accounting systems employed by the Charity and a comparison of the financial statements with those records. It also includes consideration of any unusual items or disclosures in the financial statements , and seeking explanations from you as trustees concerning such matters. The purpose of the examination is to establish as far as possible that there have been no breaches of the Charities legislation and that the financial statements comply with the Statement of Recommended Practice issued by the Charity Commissioners for England & Wales (effective April 2008), on a test basis, of evidence relevant to the amounts and disclosures in the financial statements.
The procedures undertaken do not provide all the evidence that would be required in an audit , and information supplied by the trustees in the course of the examination is not subjected to audit tests or enquiries, and consequently I do not express an audit opinion on the view given by the financial statements, and in particular, I express no opinion as to whether the financial statements give a true and fair view of the affairs of the charity.
We planned and performed our examination so as to satisfy ourselves that the objectives of the independent examination are achieved and before finalising the report we obtain written assurances from the trustees of all material matters.
Independent Examiner's Statement, report and opinion
Subject to the limitations upon the scope of my work as detailed above , in connection with my examination , no matter has come to my attention :
1) which gives me reasonable cause to believe that in any material respect the requirements to keep accounting records in accordance with section 41 of the Act; and to prepare financial statements which accord with the accounting records and to comply with the accounting requirements of the Act or of the Charities (Accounts and Reports) Regulations 2008 have not been met or
2) to which, in my opinion , attention should be drawn to enable a proper understanding of the accounts to be reached.
This report is in respect of an examination carried out under section 43 of the 1993 Act and in accordance with any directions given by the Commissioners under subsection (7)(b) of that section which are applicable.
Sidhu & CO Statutory Auditor 4 Albert Road Queensbury Bradford West Yorkshire BD13 1PB
Date: 20/09/2022
4
Ramgarhia Sikh Temple Profit and Loss Account for the year ended 31 December 2021
| Voluntary Income Costs of chartibale activites Other operating income Gross Surplus Interest receivable Surplus on ordinary activites before tax Tax on profit/(loss) Surplus for the financial year |
2021 £ 49,140 (40,504) 18,772 27,408 - 27,408 - 27,408 |
2020 £ 35,925 (42,669) 440 |
|---|---|---|
| (6,304) 3 |
||
| (6,301) - |
||
| (6,301) |
5
| Ramgarhia Sikh Temple Registered number: Balance Sheet as at 31 December 2021 Notes Fixed assets Tangible assets 4 Current assets Stocks Debtors 5 Cash at bank and in hand Creditors: amounts falling due within one year 6 Net current assets Net assets Capital and reserves Accumlated funds Total Charity Funds |
511489 2021 £ 474,369 1,011 7,202 70,572 78,785 (3,052) 75,733 550,102 550,102 550,102 |
2020 £ 475,567 1,071 8,402 39,724 49,197 (2,070) 47,127 522,694 522,694 522,694 |
2020 £ 475,567 1,071 8,402 39,724 49,197 (2,070) 47,127 522,694 522,694 522,694 |
|---|---|---|---|
| 522,694 | |||
| 522,694 | |||
| 522,694 |
…...................................................
Amarjit Singh Riyait Trustee Approved by the board on 20 September 2022
6
Ramgarhia Sikh Temple Notes to the Accounts for the year ended 31 December 2021
1 Accounting policies
Basis of preparation
The financial statements have been prepared in accordance with the Financial Reporting Standard for smaller Entities (FRSSE), effective April 2008 , and all other applicable accounting standards, as modified by the Statement of Recommended Practice for Accounting and Reporting issued by the Charity Commissioners for England & Wales, (revised June 2008) adapted to meet the needs of unincorporated organisations.
Incoming Resources
Donations, grants and gift aid rebates are accounted for as recived by the charity. Where funding is specifically for spending in a subsequent accounting period then the relevent portion is deferred and included within creditors. Incoming resources also includes income from sales of publications and other items and hire of kitchen and hall facilites.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery
25% reducing balance
2 Audit information
The audit report is unqualified.
Independent examinar Firm: Sidhu & CO Date of audit report: 20 September 2022
- 3 Employees
| Employees Average number of persons employed by the company Tangible fixed assets Land and buildings £ Cost At 1 January 2021 468,953 Additions - At 31 December 2021 468,953 |
2021 Number 2 Plant and machinery etc £ 50,140 603 50,743 |
2020 Number 2 |
|---|---|---|
| Total £ 519,093 603 |
||
| 519,696 |
- 4 Tangible fixed assets
7
Ramgarhia Sikh Temple Notes to the Accounts for the year ended 31 December 2021
| Depreciation At 1 January 2021 - Charge for the year - At 31 December 2021 - Net book value At 31 December 2021 468,953 At 31 December 2020 468,953 5 Debtors 6 Creditors: amounts falling due within one year Other creditors Amounts owed by group undertakings and undertakings in which the company has a participating interest |
43,526 1,801 45,327 5,416 6,614 2021 £ 7,202 2021 £ 3,052 |
43,526 1,801 |
|---|---|---|
| 45,327 | ||
| 474,369 | ||
| 475,567 | ||
| 2020 £ 8,402 |
||
| 2020 £ 2,070 |
7 Other information
Ramgarhia Sikh Temple is a private company limited by shares and incorporated in England. Its registered office is:
720 Bolton Road
Bradford
West Yorkshire BD3 0ND
8
Ramgarhia Sikh Temple Detailed profit and loss account for the year ended 31 December 2021
This schedule does not form part of the statutory accounts
| Voluntary Income Costs of charitable activities Other operating income Surplus on ordinary activites before tax Interest receivable Surplus for the financial year |
2021 £ 49,140 (40,504) 18,772 27,408 - 27,408 |
2020 £ 35,925 (42,669) 440 |
|---|---|---|
| (6,304) 3 |
||
| (6,301) |
9
Ramgarhia Sikh Temple Detailed profit and loss account for the year ended 31 December 2021
This schedule does not form part of the statutory accounts
| Income Donations and other voluntary income Administrative expenses Employee costs: Wages and salaries Premises costs: Rates - water Insurance Repairs and maintenance Light and heat Cleaning, waste disposal and pest control 32 Cliffe Road - Council tax General administrative expenses: Telephone and internet Stationery and printing Diwali / Vasakhi Nagar Kirtan Celebrations Subscriptions Bank charges Food and entertainment TV Licence Educational and travel Depreciation Cash Deficit Legal and professional costs: Other legal and professional Examination fees Other operating income Rental / Insurance claim / Sundry |
2021 £ 49,140 16,299 16,299 4,168 3,093 7,504 4,737 529 - 20,031 1,219 49 - 23 295 211 184 392 1,801 - 4,174 - - - 40,504 18,772 |
2020 £ 35,925 |
|---|---|---|
| 15,516 | ||
| 15,516 | ||
| - 3,080 10,069 7,355 623 295 |
||
| 21,422 | ||
| 1,368 - (300) - 189 362 154 - 2,205 2 |
||
| 3,980 | ||
| 195 1,556 |
||
| 1,751 | ||
| 42,669 | ||
| 440 |
10