Shri Guru Ravidass Cultural Association Darlaston Trustees's Annual Report and Accounts 28 February 2025 Charity No. 514570
Shri Guru Ravidass Cultural Association Darfaston Contents Page Charlty information Report of the Trustees Report of the Independent Examiner Statement of Financial Activibes Balance sheet Notes to the accounts
Shri Guru Ravidass Cultural Association Darfaston Reference and Administrative Inforniation Trustees (Executive Committee) RK Mehmi Jarnail Singh Rajesh Jassal Registernd Charity numbor 514570 Registernd office 37-38 Pinfold Street Darlsaton West Midlands WS10 7TF Independent Examiner James & Co Consultants Ltd Chartered Certified Accountants 116 Oscott School Lane Binningham 844 9EN Bankers Lloyds Bank PO Box 46 The Bridge Walasll West Midlands Pag8 1
Shri Guru Ravidass Cultural Association Darfaston Report of the Trustees for the year ended 28 February 2025 The Executive Commfftee (frustees) present their Report and Accounts of the charity for the year end&d 28 February 2025. The Accounts have been prepared in accordance the accounting policies set out in note 1 to the Accounts and comply with the Charity's goveming document, applicable SORP (FRS102), the Chatities Act 2011 and the CharTti'es (Accounts and Reports) Regulations 2008. Responsibililies of th• Trustees Th8 Trustees are responsible for preparing the Trustees, Report and the Accounts in accordance with applicable law and United lfjngdom Accounting Standards (United Kingdom Generalty Accepted Accounting Practtce). The law applicable to charities in England & Wales requires the trustees to prepare financial ststements for each accounting period, which give a true and fair view of the state of affairs of the Charty and of the incoming resources and application of resources of the Charity for that period. In preparing those Accounts, the Trustees are required to: ' select suitable policies 8nd then apptying them cx)nsistenty; observe the methods and principles in the Charities SORP 2019 make judgements and estimates that are reasonable and prudent; ' state vthether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements: prepare the Accounts on the going concern basis unless rt is inappropriate to presume that th8 Charity wlll conlinue in operalton. The Trustees are responsible for keeplng accounting records, which disclose with reasonable accuracy at any tlme the financial position of the Charity and enable kl to ensure that the Accounts comply with applcable legislation. They are also responsible for safeguarding the Assets of the Charlty arKI hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The statutory responsibillty of the IndeperKlent Examiner in relation to th8 Trustses, r8POrt is limited to examining the report and ensuring that , on the face of the report, there are no material inconsistencies with the figures disclosed in the financial statements. Reference and Administrative Detalls Reference and administrative details are sh(wn on p8ge 1. Page 2
Shrl Guru Ravidass Cuftural Association Darlaston Report of the Trustees for the year ended 28 February 2025 Structure, Goverance and Managemeirt Shri Guru Ravidass Cultural Association Darlaston (working name of Ravidassia Communty Centre, Darlaston) was established on 1 December 1983 as an unincorporated associakn'on under rts constitution, which was last amended on 2 February 2009. The Assoctation is a registered charity (no. 514570). The Charity Commission granted permission to use the narne °Shri Guru Ravidass Cultural Association Darlaston. as a working name in February 2007. The association is administered and managed by the Executive CommFttee, whose members are elected at the Annual General Meeting or appointed by the Women's Committee or the Youth Committee. The Executive Commrttee may appoint such Su0mmIttee$ as it sees fit to facilttat8 the carrying out of its functs'ons. Under charity law, the members of the Executive Committee, being those persons having the general control and management of the administration of the Charity, are deemed to be tharrty trustees. Objectives and activities eob ectlv . To advanc6 religion through the promotion of the tsachings of Shri Guru Ravidass Ji and to provide a place of worship according lo his teachings: . To advance the education of the inhabitants of Darlaston by Ihe promotion of the culture, kgnguage and traditions of Shri Guru Ravidass Ji; To promote facilits'es for the benefit of the inhamants of Darlaston In the Interest of social welfare. •Ji . Shri Guru Ravidass Cultural Association currently provid6s daily r8Citals of hymns and FN)ems and circulates literature on the life and teachings and philosophy of Shri Guru Ravidass Ji. Members and their families are encouraged to pray and follow Customs and traditions of Ravidassi8 community and partake in specially prepared food. Elderly people have the use of a recreation room and are provided Imth refreshments. nevpaperS and joumals. How our activities delNer Public Benefft:_ The trustees have complied with their duty to have due regard to the guidance on public benefft published by the Charity Commission in exercising their power5 or dulles. The prayer hall and kitchen facilÉties are available to the pUbC seven days a week and the services of the religious priest are also available at the temple or in people's homes. Page 3
Shri Guru Ravidass Cuttural Association Darlaston Report of the Trustees for the year ended 28 February 2025 Achievements and perfomiance The Management Committee continues seeking funding to comp18te the buikling and the fitting out of the new Temple and Community Centre. The Temple has been open to visrtors all year and so there has been a considerable increase in weekly donations. Financial Review The finances of the charity are under the control of the Exectslive Committee and funds may only be applied to further the objects of the chanty and for no other purpose. Incoming Resources for the year exceeded Resources Expended by £77,354 (2024 - £52,326) resuttlng in total funds at 28 February 2025 of £908,428 Q024 - £831,069>. R8s•rves Policy Unrestricted income funds amounted to £391,866 as of 28 February 2025. These funds will for the foreseeable future, be used to support the repayment of loans & other liabilities incurred in financing the Temple construction 8nd furnishrnent. With the expected level of annual charitable activities being funded by annual generated voluntary income, the Executive Committee considers the present level of reserves is adequate to support the continuation of activities for the time being and the financial posttion of the charity is therefore satisfactory. It keeps the level of reserves under review on a regular basis. Going Con¢ern At the time of approvlng the financial statements, the Executive Commrttee has a reasonabl8 expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. Thus, the Executive Committee continue to adopt the going concem basis of accounting in preparing the financial statements. The trustees. report was approved by the Trustees. ate: R K Mehmi /]- IL?a Trustee Page 4
Shri Guru Ravidass Cultural Association Darlaston Independendent Examineffs Report To the Trustees for the year ended 28 February 2025 I report to the charity trustees on my examination of the accounts for the year ended 28 February 2025. Responslbilities and basis of report As the charitys trustees, you are responsible for the preparats'on of the accounts in accordance knith the requirements of the Charikn'es Act 2011 (Ihe Ad?. I report in respect of my examination of the charity's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. Independent Examlnerfs statsment In last yeafs accounts certain loans due within one year of £140.500 were raised as 8 matter of concern because of a lack of sufficient evidence of infonatIon relating to their repayrnent. These loans are included in the current yearfs accounts at a balance of £127,000. These loans are provlded to the charity by members of the congregation and businesses owned by the members in order to facilitate the temple construction. The trustees are confident that as the charitys income rises it will be able to repay these loans in due course as they are supported by the congregation. Th8 charity has been successfulty paying down its bank loans during the year. I confirm that no other matters have come to my attention in connectlon %Mth the examlnation givlng me cause to believe that in any material respect: accounting records were not kept in respect of the charity as required by section 130 of the Act; or 2 the accounts do not accord wrth those records: or 3 the accounts do not comply the applicable requirements conceming the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requlrement that the accounts give a Irue and tsir, view which is not a matter considered as part of an independent examination. I confirm that there are no other mattetS to which your attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. James & Co Consultants Ltd Chartered Certified Accountants 116 Oscott School Lane Birmingham B44 9EN Date: Page 5
Shri Guru Ravidass Cuftural Association Darlaston Statement of Financial Actlvlties for the year ended 28 February 2025 Total Funds 2025 Total Fundg 2024 Unrestrlcted Funds Restricted Funds Notes INCOMING RESOURCES Incomlng reources from generated funds Vountary Income Actwites for generating funds 104.345 1.770 16,925 121,270 1.770 88.774 Totsl Incomlng Resources 1(E 115 RESOURCES EXPENDED Charitable Activities Governace Costs 4&5 40,030 5,6 40.030 5,658 32,287 4,161 Total Resources Expended 45,686 45,686 36,448 NET INCOMINGI(OUTGOING) RESOURCES Before Tran8fer8 Gross Transfers tetsveen funds 60,429 16,925 Tl,354 52,326 Net Incomlngl{Outgolng) Resources 60.429 16.925 77,354 52,326 RECONCILIATION OF FUNDS Total Funds brought fowdrd 331,437 499,632 831,C69 831,069 TOTAL FUNOS CARRIED FORWARD 391,8 516,557 908,423 883,395 The notes on page 8 - 14 form part of these xcounts. Page 6
Shri Guru Ravidass Cultural Association Dartaston Balance Sheet as at 28 February 2025 Notes 2025 2024 Fixed assets Tangible assets 1.209.188 1,197,356 1,209,188 1,197,356 Current assets Cash at bank and in hand 3,100 3,100 4,106 4,106 Creditors: amounts falling due within one year (199,954) (242,726) Net current liabilitles (196.&54) (238,620) Total assets less current Ilabllitiès 1,012,334 958,736 Credltors: amounts falllng due after one year 10 (103,911) (127,667) Total assets less current liabilities 908,423 831,069 FUNDS 11 Restricted funds Unrestricted funds 516,S57 391,866 499,632 331.437 TOTAL FUNDS 908,423 831,069 The financial statements were approved by the board of Trustees and signed on its behalf by: R Jassal- Date.. R K Mehmi - Truste Page 7
Shri Guru Ravidass Cultural Association Darlaston Notes to the Accounts for the year ended 28 February 2025 1 Accounting policios General inforniation Shri Guru Ravidass Cultural Association is an unincorporated association under tts constitution. The principal address of the charity is given in the chaiity information on page 1. The nature of the charitys operations and principal activities are to provide facilities to the general public to enable them to follow the teachings of Shri Guru Ravidas Ji. The charity constitutes a public benefft enb'ty was defined by FRS102. The financial statsments have been prepared In accordance vnth Accounting and Reporting by Ch81itFes: Statement of Recommended Practice applicable to chariti'es preparing their accounts in accordance with the Financial Reporting Standard appliCate in the UK and Repubhc of Ireland published on 16 July 2014 (as amended by Update 8ulleb'n 1 published 2 February 2016), the Financial Reporting standard applicable in the Unrted Kingdom and Republlc of Ireland (FRS 102), the Charities Act 2011 and UK Generally Acceptsd Practice as it applies from l January 2015. The finanaal statements are prepared on a going concem basis ufKler the historical cost convention, modified to include certaln items at fair value. The financial statements are presented In sterling which is the function81 currency of the charity and rounded to th6 nearest pound. The significant accounting policies applied in the preparation of these finanual ststements are set out below. These policles hav8 been consistentty applied to all years presented unless otheThvlse Funds Unrestricted funds are available for use at the discre*'on of the Executive Committee in furtherance of g8neral objectives of the chanty and which have not been designated for other purposes. Restricted funds are funds wthich are to be used in accordance bmth specific restrictions Imposed by donors or whlch have been raised by the charity for particular purposes. The cost of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements. Income recognition All incoming resources are included in the Statement of Financial Activities (SOFA) when the charity is legally entitled to the income after any perforynance conditions have been met, the amount can be measured reliabty and it is probable that the income will be received. For donations to be recognised the charity hill have been notified of the amounts and the settlement date. If there are conditions attached to the donation and this requires a level of perfonanCe before entitlement can be otrtained then income is deferred until those conditions are ftjlly met or the fulfilment of those conditions is within the control of the charity and it is probable that they will be fulfilled. No amount is included in the financial statements for volunteer time in line with the SORP (FRS 102). Further detail is gNen in the Trustees, Annual RepotL Fixed asset gifts In kind are recognFsed when receivable and are included at fair value. They are not deferred over the life of the asset. For legactes, entitlement is the earlier of the chanty being nolified of an impending distribution or the legacy being received. At this point income is recognised. On occasion legaaes WFII be notified to the charity however it is not possible to measure the amount expected to be distributed. On these occasions, the legacy is treated as a contingent asset and disdosed. Page 8
Shri Guru Ravidass Cultural Association Darlaston Notes to the Accounts for the year ended 28 February 2025 Expenditure recognition All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Expenditure is recognised where there is a legal or constructive obligation to make payments to third parlies, it is probable that the settlernent will be required and the amount of the obligation can be measured reliabty. It is categorised under the following headings: Expenditure on charitable activites includes all costs relating to meet'ng the objeclTves of the charity. - Governance costs represents those items not falling into the tegOry above. Irrecoverable VAT is charged as an expense against the aclivity for which expenditure arose. Donations payable to third parties are within the charitable objectives. Fixed Assets Tangible fjxed assets are stated at cost (or deemed cost). Cost includes costs directty attributable to making the asset capable of operatlng as intended. Land & bulldlngs were valued at cost. Depre¢iatlon 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 propety - No depreciat'on Fixtures, fittings & equipment- 20% per annum on reducing balanc8 The gain or loss arising on the disposal of an asset is detennined as the difference be08n the sale proceeds and the carrylng value of the asset, and is credited or charged to the SOFA. Loans and borrowings Loans and borrowings are Initially recognlsed at the transaction price including transaction costs. Subsequently, they are m8asured at amortised Cost using the effective interest rate method, less impairment. If an arrangement ¢onstitut6s a finance transaction it is measured al present value. Impaimwnt Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the a5S8t's cash generakn'ng unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impainnent loss is a revaluation decrease. Provisions Provisions are recognised when the chaiity has an obligation at the balance sheet date as a result of a past event. it is probable that an oufflow of economic benefits will be required in settlement and the amount can be reliably estirnated. Pa9e 9
Shri Guru Ravidass Cultural Association Darlaston Notes to the Accounts for the year ended 28 February 202S Going Concern The fjnanaal 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 expect8d level of income and expenditure for 12 months from authorising these financial statements. The budgeted income and expenditure is sufficient with the18vel of reseNes for the charity to be able to conts'nu8 as a going concem. 2 Voluntary Income Unrestricted Funds Restricted Funds Total 2025 Total 2024 Donations Weekty Donation Income Gift aid refunds Building Fund Donatior 91,965 12.380 91,965 12.380 16,925 59,008 10,511 19,255 16,925 121270 3 Incoming Resources From Aclivities for Generating Funds Unwestrict•d Funds Restrictod Funds Totsi 2025 Total 2024 Dlwall Membershlp 1.770 1,770 1.770 1,770 4 Costs of Charitable ActNty by Fund Type Unrestricted Funds Restricted Funds Total 2025 Total 2024 Shri Guru Ravidass Darlsaton 45,686 45.686 36,448 45,686 45,686 36,448 5 Costs of Charitable Activity by Activity Type Own Activites Total 2025 Total 2024 Donatlons Temple & Commnunty Centre 35.394 4,636 40,030 32,287 35,394 4,636 40,030 32,287 Page 10
Shri Guru Ravidass Cultural Association Darfaston Notes to the Accounts for the year ended 28 February 2025 5 Governance Costs Unrestrictsd Funds Restricted Funds Total 2025 Totsl 2024 Accountancy Depreciation 3.408 2,248 5,656 3.408 2,248 5,656 1.350 2,811 4,161 7 staff costs No salaries or wages have been paid to the members of the Executive Committee during the year (2024 - £nil). 8 Tanglbl• flxed assets Freehold property Fixtures & equipment Total Cost At 1 March 2024 Additions Dlsposals At 28 February 2025 1,186,114 14.080 23,541 1.209,655 14,080 1,200,194 23,541 1,223,735 Oepreclation At 1 March 2024 Charge for the year On disposals At 28 February 2025 12,299 2,248 12,299 2,248 14,547 14,547 Net book value At 28 February 2025 1,200,194 8,994 1.209,188 At 29 February 2024 1,186,114 11,242 1.197,356 9 Creditors: amounts falllng due within one year 2026 2024 Trade creditors Accruals Bank overdrats Bank Loan accounts Loans 44,152 2,700 2,964 23,138 127,000 199,954 84.702 3,792 10,594 23,138 140,500 242,726 Page11
Shri Guru Ravidass Cultural Association Darfaston Notes to the Accounts for the year ended 28 February 2025 10 Creditors: amounts falling due after more than one year Bank Loan account 2025 2024 103,911 103,911 127.667 127,667 11 Income Funds At 0110312024 Incoming Resources Outgoing Resources At 2810W2025 Unrestricited funds General fund 331,437 106,115 (45,886) 391,866 Restricted funds Building Fund 499,632 16.925 516,557 Total funds 831.069 908 423 Page 12
Shri Guru Ravidass Cultural Association Dartaston Detailed Trading and Profrt and Loss Account for the year ended 28 February 2025 Incomin Resources 2025 2024 Vountary Income Weekty Donab'on Income Gift aid refunds Building Fund Donations 91.965 12,380 16,925 59,008 10,511 19,255 121.270 88,774 Activities For Generating Funds Diwali 1,770 other Income Memberships Totsl Incomlng Resources 123.040 88,774 Resources Ex ende Charitsble Activitles Roorn hire Rates & Water Heat & Light Insurance Repairs and maintenance Bank charges Bank interest Bank loan interest Donats'ons Training Sundry expenses 300 201 15.723 1,700 1.217 421 1,324 11,033 51 2,306 17.502 1.793 1,783 447 813 9,837 4,836 350 563 317 40.030 32,287 Goverance Costs Accountancy Depreciation 3,408 2248 1,350 2,811 5,656 4,161 Total Resources Expended 45,686 36,448 Net (deficit)I surplus for the year 77,354 52.326 Page 13