Charity Number: 517411
Shri Guru Ravidass Sabha, Bradford
Report and Financial Statements
31 December 2022
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 |
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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 2022
Purposes and Aims
Our charity was established in 1986 to advance and spread the Ravidassia teachings. The key purpose can be fulfilled by:
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encouraging the community to follow the teachings and philosophy of Shri Guru Ravidass Ji;
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publishing and circulating literature on his life and teachings;
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holding conferences in which scholars and researchers are involved; and
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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 £76,550 which derives from donations and includes a Gift aid reclaim. During the year the charity spent £13,637 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 £55,639 has been added to the Charities unrestricted funds which at the balance sheet date total £800,194.
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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:
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles of the Charities SORP;
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make judgements and estimates that are reasonable and prudent;
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state whether applicable UK Accounting Standards have been followed, subject to any material departures
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prepare the financial statements on the going concern basis unless it is not appropriate to assume that the charity will continue on that basis.
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 13 September 2023 and signed on its behalf by:
Jarnail Ram
Rattan Pal
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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 2022, 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:
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Examine the accounts under section 145 of the 2011 Act;
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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
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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;
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Which gives me reasonable cause to believe that in any material respect the requirements:
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a. To keep accounting records in accordance with section 130 of the 2011 Act; and
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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
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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
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Shri Guru Ravidass Sabha, Bradford Statement of Financial Activities For The Year Ended 31 December 2022
| Incoming Resources Donations HMRC Gift Aid Resources Expended Langar costs Light & Heat Rates and Water Insurance Repairs and maintenance Telephone and broadband Cleaning and sundry expenses Other expenses Air pressure testing Travelling costs Donations Postage and stationery Bank Charges Bank Interest Depreciation Profit and loss on disposals Depreciation of fixtures and fittings Net movements in funds |
2022 £ £ 62,803 13,747 76,550 1,007 2,707 155 984 2,365 466 365 150 212 650 301 75 - 4,200 13,637 62,913 - 7,274 7,274 55,639 |
2022 £ £ 62,803 13,747 76,550 1,007 2,707 155 984 2,365 466 365 150 212 650 301 75 - 4,200 13,637 62,913 - 7,274 7,274 55,639 |
2021 £ £ 52,987 - 52,987 314 1,216 65 940 1,582 435 306 120 152 - - - 4,581 9,711 43,276 - 8,518 8,518 34,758 |
2021 £ £ 52,987 - 52,987 314 1,216 65 940 1,582 435 306 120 152 - - - 4,581 9,711 43,276 - 8,518 8,518 34,758 |
|---|---|---|---|---|
| 76,550 13,637 |
52,987 9,711 |
|||
| - 7,274 |
- 8,518 |
|||
| 62,913 7,274 |
43,276 8,518 |
|||
| 55,639 | 34,758 |
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Shri Guru Ravidass Sabha, Bradford Statement of Financial Position For The Year Ended 31 December 2022
| 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 |
2022 £ £ 870,720 461 4,013 4,474 - 4,474 875,194 75,000 800,194 744,555 55,639 800,194 |
2022 £ £ 870,720 461 4,013 4,474 - 4,474 875,194 75,000 800,194 744,555 55,639 800,194 |
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 |
|---|---|---|---|---|
| 4,474 - |
31,730 - |
|||
| 75,000 | 164,950 | |||
| 875,194 | 909,505 | |||
| 800,194 | 744,555 | |||
| 744,555 55,639 |
709,797 34,758 |
|||
| 800,194 | 744,555 |
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Shri Guru Ravidass Sabha, Bradford Notes to the Financial Statements For The Year Ended 31 December 2022
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.
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Shri Guru Ravidass Sabha, Bradford Notes to the Financial Statements (Continued) For The Year Ended 31 December 2022
4. Tangible Assets
| Cost As at 1 January 2022 Disposals Additions As at 31 December 2022 Depreciation As at 1 January 2022 Disposals Provided during the period As at 31 December 2022 Net Book Value As at 1 January 2022 As at 31 December 2022 |
Land & Buildings Fixtures & Fittings Total £ £ £ 829,504 67,301 896,805 - - - 219 219 |
|---|---|
| 829,504 67,520 897,024 |
|
| - 19,030 19,030 - - - 7,274 7,274 |
|
| - 26,304 26,304 |
|
| 829,504 48,271 877,775 |
|
| 829,504 41,216 870,720 |
5. Long Term Loans
| Interest free loans | received, repayable on demand. | received, repayable on demand. |
|---|---|---|
| Name | 2022 | 2021 |
| Jarnail Ram | 0.00 | 10,000 |
| Gurmail Chand | 11,000 | 11,000 |
| Bank Loan | 64,000 |
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