Registered Charity Number 511489
Ramgarhia Sikh Temple, Bradford
Annual Report and Financial Statements
For The Year Ended
31 December 2024
Ramgarhia Sikh Temple, Bradford Report and accounts Contents
| Page | |
|---|---|
| Charity's information | 1 |
| Trustee's Report | 2 |
| Statement of Financial Activities | 3 |
| Income and Expenditure account | 4 |
| Statement of total recognised gains and losses | 5 |
| Movements in Accumulated Funds | 5 |
| Balance sheet | 6 |
| Notes to the accounts | 7 |
Ramgarhia Sikh Temple, Bradford Charity Information
Trustees
Daljit Singh Panesar Nirmal Singh Notay Amarjit Singh Riyait
President
Kuldip Kaur Bharj
Accountants
Sidhu & Co 4 Albert Road Queensbury Bradford West Yorkshire BD13 1PB
Registered office
720 Bolton Road Bradford West Yorkshire BD3 0ND
Registered number 511489
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Ramgarhia Sikh Temple, Bradford
The report of the trustees for the year ended 31 December 2024
Introduction
The trustees present their annual report and accounts for the year ended 31 December 2024. The financial statements have been prepared in accordance with the accounting policies set out on page 6 and comply with the charity's constitution.
The board of trustees are satisfied with the performance of the charity during the year and the position at 31 December 2024 and consider that the charity is in a strong position to continue its activities during the coming year, and that the charity's assets are adequate to fulfil its obligations.
Name, registered office and constitution of the charity
The full name of the charity is "Ramgarhia Sikh Temple, Bradford"
Date of formation 06 March 1981 The Principal Office is 720 Bolton Road, Bradford, BD3 0ND Charity Registration Number 511489
Objectives and Activiies
The Charity's Objects
The charity is governed by its constitution and its main objects are:-
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(A) To advance the Sikh religion.
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(B) To advance education both generally and in the principles of the Sikh faith.
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(C) To provide assistance to the poor and needy.
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(D) To provide facilities for recreational and social activities.
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(E) To run the Gurdwara according to the Constitution.
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(F) To propagate Sikhism and Amrit Parchar.
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(G) To educate generally in the principles of the Sikh faith, in the relevant language.
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(H) To help the faithful who believe in the teachings of the Ten Gurus and the Guru Granth Sahib.
(I) To arrange events for the Sikh Sangat and others for the understanding of the mission and life hi
(J) To organise events for the celebration of the birth anniversaries and commemoration of the mart
Achievements and performance
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The charity is fulfilling its main object of providing a place of worship and other related activities for
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Religious ceremonies are performed regularly on a daily and weekly basis
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Punjabi teaching school has approximately 20 students attending regularly.
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Religious dignitaries are encouraged to lecture or give performances on Sikhism.
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Ramgarhia Sikh Temple, Bradford Statement of Financial Activities for the year ended 31 December 2024
| Notes Incoming resources Incoming resources from generated funds Voluntary Income Investment Income Total incoming resources Costs of charitable activities Governance costs (Wages + Casual) Total resources expended Net incoming resources before transfers between funds Net incoming resources before Other recognised gains and losses Other recognised gains and losses Net movement in funds Reconciliation of funds Total funds brought forward Total Funds carried forward |
Funds Funds Funds Total Funds 2024 2024 2024 2023 - - - - 121,484 - 121,484 100,167 87 - 87 36 121,571 - 121,571 100,203 67,101 - 67,101 38,467 35,894 - 35,894 31,275 102,995 - 102,995 69,742 18,576 - 18,576 30,461 18,576 - 18,576 30,461 18,576 - 18,576 30,461 646,768 - 646,768 616,307 665,344 - 665,344 646,768 |
|---|---|
The net movement in funds referred to above is the net incoming resources as defined in the Statement of Recommended Practice for Accounting and Reporting issued by the Charity Commission for England & Wales and is reconciled to the total funds as shown in the Balance Sheet on page 6 as required by the said statement.
All activities derive from continuing operations
The notes on pages 07 to 11 form an integral part of these accounts.
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Ramgarhia Sikh Temple, Bradford Statement of Financial Activities for the year ended 31 December 2024
Income and Expenditure Account for the year ended 31 December 2024
| Turnover Direct costs of turnover Gross surplus Governance costs (Wages + Casual) Operating surplus Interest receivable Surplus on ordinary activities before tax Surplus for the financial year Gift Aid Payments Retained surplus for the financial year All activities derive from continuing operations |
2024 - 121,484 67,101 54,383 35,894 18,489 87 18,576 18,576 - 18,576 |
2023 - 100,167 38,467 61,700 31,275 30,425 36 30,461 30,461 - 30,461 |
|---|---|---|
The notes on pages 07 to 11 form an integral part of these accounts.
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Ramgarhia Sikh Temple, Bradford Statement of Financial Activities for the year ended 31 December 2024
Statement of Total Recognised Gains and Losses for the year ended 31 December 2024
| Excess of income over expenditure before realisation of assets Profit per Profit and Loss account Net Movement in funds before taxation |
2024 2023 18,576 30,461 18,576 30,461 18,576 30,461 |
|---|---|
Movements in revenue and capital funds for the year ended 31 December 2024
| Revenue accumulated funds Accumulated funds brought forward Recognised gains and losses before transfers Closing revenue accumulated funds |
Unrestricted Restricted Total Last year Funds Funds Funds Total Funds 2024 2024 2024 2023 - - - - 646,768 - 646,768 616,307 18,576 - 18,576 30,461 665,344 - 665,344 646,768 665,344 - 665,344 646,768 - - |
|---|---|
| The notes on pages 07 to 11 form an integral part of these accounts. | The notes on pages 07 to 11 form an integral part of these accounts. | The notes on pages 07 to 11 form an integral part of these accounts. | ||
|---|---|---|---|---|
| Summary of funds | **Designated Unrestricted ** | Restricted | Total | Last Year |
| Funds Funds |
Funds | Funds | Total Funds | |
| 2024 2024 |
2024 | 2024 | 2023 | |
| Revenue accumulated funds | - 665,344 |
- | 665,344 | 646,768 |
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Ramgarhia Sikh Temple, Bradford Balance Sheet as at 31 December 2024
| Notes 2024 - The assets and liabilities of the charity : Tangible assets 7 576,593 Total fixed assets 576,593 Current assets Debtors 8 3,475 Cash at bank and in hand 90,432 Total current assets 93,907 amounts due within one year 9 (5,156) Net current assets 88,751 Total assets less current liabilities 665,344 Creditors:- amounts due after more than one year - Net assets including pension asset / liability 665,344 The funds of the charity : Unrestricted income funds Unrestricted revenue accumulated funds 665,344 Designated revenue funds - Unrestricted capital funds Designated fixed asset funds - Total unrestricted funds 665,344 Restricted income funds Restricted capital funds Total restricted funds - Total charity funds 665,344 ….......................... Trustee Approved by the trustees on 6 April 2025 |
2023 - 528,118 528,118 268 131,776 132,044 (13,394) 118,650 646,768 - 646,768 646,768 - - 646,768 - 646,768 |
|---|---|
The notes on pages 07 to 11 form an integral part of these accounts.
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Ramgarhia Sikh Temple, Bradford Notes to the Accounts for the year ended 31 December 2024
1 Accounting policies
Basis of preparation of the accounts
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 . The accounts have been drawn up in accordance with the provisions of the Charities Acts , and include the results of the charity's operations which are described in the Trustees' Report, all of which are continuing.
Insofar as the Statement of Recommended Practice for Accounting and Reporting issued by the Charity Commissioners for England & Wales, (revised June 2008) requires compliance with specific Financial Reporting Standards other than the FRSSE then the specific Financial Reporting Standards have been followed where their requirements differ from those of the FRSSE.
Accounting convention
The financial statements are prepared,on a going concern basis, under the historical cost convention as modified by the revaluation of freehold land and buildings and fixed asset investments.
The charity is entirely dependent on continuing donations, grants and gift aid rebates and as a consequence the going concern basis is also dependent on the continuing donations, grants and gift aid rebates.
Incoming Resources
Donations, grants and gift aid rebates are accounted for as received by the charity. Where funding is specifically for spending in a subsequent accounting period then the relevant portion is deferred and included within creditors. Incoming resources also includes income from the sale of publications and other items, and hire of kitchen and hall facilities.
Recognition of liabilities
Liabilities are recognised on the accruals basis in accordance with normal accounting principles, modified where necessary in accordance with the guidance given in the Statement of Recommended Practice for Accounting and Reporting (revised June 2008) , issued by the Charity Commissioners for England & Wales .
Fixed assets and depreciation
Free hold properties are not depreciated as the trustees do not consider that there has been any impairment in value.
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Ramgarhia Sikh Temple, Bradford Notes to the Accounts for the year ended 31 December 2024
2 Winding up or dissolution of the charity
If upon winding up or dissolution of the charity there remain any assets, after the satisfaction of all debts and liabilities, the assets represented by the accumulated fund shall be transferred to the Sharomani Gurdwara Parbandhak Committee, Amritsar, Panjab, India.
| 3 | Surplus for the financial year 2024 2023 - - This is stated after crediting :- Revenue Turnover from ordinary activities 121,484 100,167 and after charging:- Depreciation of owned fixed assets 11,587 8,925 Legal fees 655 637 |
|---|---|
Funds belonging to the charity have been used for the purchase of insurance to protect the charity from loss arising from the neglect or defaults of its trustees,employees or agents, or to indemnify its trustees,employees or agents, against the consequences of any neglect or default on their part. The sum expended on such insurance was as indicated in the above schedule.
4 Statement that no expenses were paid to trustees or connected persons
No expenses were paid to trustees or persons connected with them.
| 5 | Investment Income | 2024 | 2023 |
|---|---|---|---|
| - | - | ||
| Other bank deposit interest received | 87 | 36 |
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Ramgarhia Sikh Temple, Bradford Notes to the Accounts for the year ended 31 December 2024
| 6 | Staff Costs and Emoluments | 2024 | 2023 |
|---|---|---|---|
| - | - | ||
| Gross Salaries | 35,894 | 31,275 | |
| Numbers of full time employees or full time equivalents | 2024 | 2023 | |
| Engaged on charitable activities | 3 | 3 | |
| There were no fees or other remuneration paid to the trustees | |||
| There were no employees with emoluments in excess of £60,000 per annum |
Neither the trustees nor any persons connected with them have received any remuneration, either in the current year or the prior year.
7 Tangible functional fixed assets
| Freehold Land and buildings 0 Asset cost, valuation or revalued amount At 1 January 2024 509,418 Additions 32,415 At 31 December 2024 541,833 Accumulated depreciation and impairment provisions At 1 January 2024 - Depreciation on revaluation - Charge for the year - At 31 December 2024 - Net book value At 31 December 2024 541,833 At 31 December 2023 509,418 8 Debtors Trade debtors |
Plant, Machinery & Vehicles 0 26,715 27,647 54,362 8,015 - 11,587 19,602 34,760 18,700 2024 - 3,475 |
Total 0 536,133 60,062 596,195 8,015 - 11,587 19,602 576,593 528,118 2023 - 268 |
|---|---|---|
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Ramgarhia Sikh Temple, Bradford Notes to the Accounts
for the year ended 31 December 2024
| 9 Creditors: amounts falling due within one year Trade creditors 10 Analysis of the Net Movement in Funds Net movement in funds from Statement of Financial Activities Net resources applied on functional fixed assets Net movement in funds available for future activities |
2024 2023 - - 5,156 13,394 2024 2023 - - 18,576 30,461 (60,062) - (41,486) 30,461 |
|---|---|
| **11 ** | Particulars of Individual Funds and analysis of assets and liabilities representing funds | Particulars of Individual Funds and analysis of assets and liabilities representing funds |
|---|---|---|
| Tangible Fixed Assets | funds funds funds Funds - - - - 576,593 - - 576,593 |
|
| Current Assets | 93,907 - - 93,907 |
|
| Current Liabilities | (5,156) - - (5,156) |
|
| 665,344 - - 665,344 |
||
| At 1 January 2024 | - - - - Unrestricted Designated Restricted Total |
|
| Tangible Fixed Assets | 528,118 - - 528,118 |
|
| Current Assets | 132,044 - - 132,044 |
|
| Current Liabilities | (13,394) - - (13,394) |
|
| 646,768 - - 646,768 |
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Ramgarhia Sikh Temple, Bradford Notes to the Accounts for the year ended 31 December 2024
| Voluntary Income Costs of charitable activities Governance costs Unrestricted revenue accumulated Analysis of movements in funds Voluntary Income Costs of charitable activities Governance costs |
Funds at Movements 2023 in Funds as below - - - 121,571 - (67,101) - (35,894) f 646,768 - 646,768 18,576 as shown in the table above Incoming Outgoing Resources Resources - - 121,571 - - 67,101 - 35,894 121,571 102,995 |
Transfers Between funds - - - - - - Gains & Losses - - - - - |
Funds at 2024 - 121,571 (67,101) (35,894) 646,768 665,344 Movement in funds - 121,571 (67,101) (35,894) 18,576 |
|---|---|---|---|
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