Charity Number: 517411
Shri Guru Ravidass Sabha, Bradford
Report and Financial Statements
31 December 2021
Shri Guru Ravidass Sabha, Bradford Reports and accounts Contents
| Page | |
|---|---|
| Charity Information | 2 |
| Trustees Report | 3-4 |
| Independent Examiners report | 5 |
| Statement of financial activities | 6 |
| Statement of financial Position | 7 |
| Notes to financial statements | 8-9 |
1
Shri Guru Ravidass Sabha, Bradford Charity Information
| Truestees | Mr Prem Lal Chohan |
|---|---|
| Mr Rattan Pal | |
| Mr Murti Ram Chumber | |
| Mr Jarnail Ram | |
| Reporting Accountants | B Ram & Co Accountants Ltd |
| 7 Idle Road | |
| Bradford | |
| BD2 4QA | |
| Bankers | Barclays Bank Plc. |
| 10 Market Street | |
| Bradford | |
| BD1 1EG | |
| Lloyds Bank | |
| 45 Hustlergate | |
| Bradford | |
| BD1 1NT | |
| Charity Address | 46-48 Rebecca Street |
| Bradford | |
| BD1 2RX | |
| Charity registration number | 517411 |
2
Shri Guru Ravidass Sabha, Bradford Trustees Report
The trustees present their annual report for the year ended 31 December 2021
Purposes and Aims
Our charity was established in 1986 to advance and spread the Ravidassia teachings. The key purpose can be fulfilled by:
-
encouraging the community to follow the teachings and philosophy of Shri Guru Ravidass Ji;
-
publishing and circulating literature on his life and teachings;
-
holding conferences in which scholars and researchers are involved; and
-
Directing the younger generation to understand and follow the customs and traditions of the Ravidassia community.
Financial Review
The financial statements show an income of £52,987 which derives from donations. No gift aid claim has been made during the year and has subsequently been submitted. During the year the charity spent £9,711 mainly to provide facilities at the temple and for the upkeep of its buildings and service the bank loan facility.
The surplus of funds totalling £34,758 has been added to the Charities unrestricted funds which at the balance sheet date total £744,555.
The construction of property situated at the address 46-48 Rebecca Street, Bradford, BD1 2RX has
now been completed and the final fixtures have been capitalised totalling £15,212.
Responsibilities of the Trustees
The trustees are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Charity law requires the trustees to prepare financial statements for each financial period which give a true and fair view of the state of affairs of the charity as at the balance sheet date and of its incoming resources and application of resources for the financial period. In preparing these financial statements, the trustees are required to:
-
select suitable accounting policies and then apply them consistently;
-
observe the methods and principles of the Charities SORP;
-
make judgements and estimates that are reasonable and prudent;
-
state whether applicable UK Accounting Standards have been followed, subject to any material departures
-
prepare the financial statements on the going concern basis unless it is not appropriate to assume that the charity will continue on that basis.
3
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with charity law and the provisions of the constitution. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by the Trustees on 04 July 2022 and signed on its behalf by:
Jarnail Ram
Rattan Pal
4
INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF
SHRI GURU RAVIDASS SABHA, BRADFORD
I report on the accounts of the charity for the period ended 31 December 2021, which are set out on pages 6 to 9.
Respective responsibilities of trustees and examiner
The charity’s trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this period under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.
It is my responsibility to:
-
Examine the accounts under section 145 of the 2011 Act;
-
To follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and
-
To state whether particular matters have come to my attention.
Basis of independent examiner’s report
My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a ‘true and fair view’ and the report is limited to those matters set out in the statement below.
Independent examiner’s statement
In connection with my examination, no matter has come to my attention other than disclosed below;
-
Which gives me reasonable cause to believe that in any material respect the requirements:
-
a. To keep accounting records in accordance with section 130 of the 2011 Act; and
-
b. To prepare accounts with accord with the accounting records and comply with the accounting requirements of the 2011 Act have not been met; or
-
To which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Mr Bhagat Ram Narr Bsc (Hons) AFA FAIA B Ram & Co Accountants Ltd 7 Idle Road Bradford BD2 4QA
5
Shri Guru Ravidass Sabha, Bradford Statement of Financial Activities For The Year Ended 31 December 2021
| Incoming Resources Donations HMRC Gift Aid Resources Expended Light & Heat Rates and Water Insurance Repairs and maintenance Telephone Cleaning and sundries Other expenses Legal and professional fees Donations Stationery Bank Charges Bank Interest Depreciation Profit and loss on disposals Depreciation of fixtures and fittings Net movements in funds |
2021 £ £ 52,987 - 52,987 1,216 65 940 1,582 435 306 434 152 - - 4,581 9,711 43,276 - 8,518 8,518 34,758 |
2021 £ £ 52,987 - 52,987 1,216 65 940 1,582 435 306 434 152 - - 4,581 9,711 43,276 - 8,518 8,518 34,758 |
2020 £ £ 28,447 11,137 39,584 3,112 258 1,693 - 549 179 - 380 - 65 - 5,228 11,464 28,120 - 7,337 7,337 20,783 |
2020 £ £ 28,447 11,137 39,584 3,112 258 1,693 - 549 179 - 380 - 65 - 5,228 11,464 28,120 - 7,337 7,337 20,783 |
|---|---|---|---|---|
| 52,987 9,711 |
39,584 11,464 |
|||
| - 8,518 |
- 7,337 |
|||
| 43,276 8,518 |
28,120 7,337 |
|||
| 34,758 | 20,783 |
6
Shri Guru Ravidass Sabha, Bradford Statement of Financial Position For The Year Ended 31 December 2021
| Notes Fixed Assets Tangible Assets 4 Current Assets Prepayments Cash at bank and in hand Current Liabilities Trade creditors Net Current Assets Total Assets add net Current assets Creditors: amounts falling due after one year 5 Net Assets Income Funds Funds brought forward Net Movements in year |
2021 £ £ 877,775 - 31,730 31,730 - 31,730 909,505 164,950 744,555 709,797 34,758 744,555 |
2021 £ £ 877,775 - 31,730 31,730 - 31,730 909,505 164,950 744,555 709,797 34,758 744,555 |
2020 £ £ 871,081 - 20,216 20,216 - 20,216 891,297 181,500 709,797 689,014 20,783 709,797 |
2020 £ £ 871,081 - 20,216 20,216 - 20,216 891,297 181,500 709,797 689,014 20,783 709,797 |
|---|---|---|---|---|
| 31,730 - |
20,216 - |
|||
| 164,950 | 181,500 | |||
| 909,505 | 891,297 | |||
| 744,555 | 709,797 | |||
| 709,797 34,758 |
689,014 20,783 |
|||
| 744,555 | 709,797 |
7
Shri Guru Ravidass Sabha, Bradford Notes to the Financial Statements For The Year Ended 31 December 2021
1. Accounting Policy
The accounts have been prepared under the historical cost convention.
In preparing the accounts the charity follows best practice as laid down in the Statement of Recommended practice, “Accountings and Reporting by Charities” issued in 2005.
Income
Donations are accounted for when received. Expenses are accounted on accrual basis. The value of services provided by volunteers has not been included as Incoming Resources.
Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives
Equipment & Fixtures
15% reducing balance
2. Taxation
The trust is a registered charity and accordingly is exempt from taxation on its income and gains where they are applied for charitable purposes.
3. Related party transactions
None of the trustees were paid remuneration or expenses by the charity during the year.
8
Shri Guru Ravidass Sabha, Bradford Notes to the Financial Statements (Continued) For The Year Ended 31 December 2021
4. Tangible Assets
| Cost As at 1 January 2021 Disposals Additions As at 31 December 2021 Depreciation As at 1 January 2021 Disposals Provided during the period As at 31 December 2021 Net Book Value As at 1 January 2021 As at 31 December 2021 |
Land & Buildings Fixtures & Fittings Total £ £ £ 829,504 52,089 881,593 - - - 15,212 15,212 |
|---|---|
| 829,504 67,301 896,805 |
|
| - 10,512 10,512 - - - 8,518 8,518 |
|
| - 19,030 19,030 |
|
| 829,504 41,577 871,081 |
|
| 829,504 48,271 877,775 |
5. Long Term Loans
Interest free loans received, repayable on demand after 5 years.
| Amounts | Date | ||
|---|---|---|---|
| Name | Advanced | Repayable | Position |
| Jarnail Ram | 10,000 | 19/09/2022 | Trustee |
| Gurmail Chand | 11,000 | 24/09/2022 | Charity member |
Bank Loan 143,950
9