REGisfERED CRIARITY NUMBER: SCOA3958 R¢pDrt ofthe Trn#tttJ and UD4udited FlnoJn¢i•l Ststeortots for the Yur Ended 31 Martb 2024 for Ramgarthl• Auodalloo of GI%oW Stevenson & Kyks Ciwttred Accountwnts 25 Sandyford Pla¢¢ Glasgow G3 7NG
Ramgarbla ABwdAlknn of Glsgow CoDlents of the FlnneiAI StateéDts for the Yeir Ettded 31 March 2024 Pace Referentt abd Adml•lknifv¢ Dclalll Report of the Tru8teeJ Indtp¢ndemt Eimiller'8 R¢prt St•lemeDt of FIMnd•l Acdvliles S¢atewit olFluAd•l P(1 Notos lo the FlnAn¢hl Stateme*ts Detalled Ststememt of Flo•eel•l Aetfviti
Ra•yrbfi• Asgo¢lailo• of Glww Reference AdwlDhirsdve Del•ns for the Year EDded 31 mch zOZ4 TRUSTEES PRINCIPAL ADDRKSS Guw Non•k STr1 h T¢mple 19-27 ow Str¢¢t Gllls8OW G12 JJJ REGISTERED CIIARITY UMBER SC013958 INDEPENDENT KXAMINLR St¢v¢nTh & Kyks Chrtwed Accounnts 25 SandY(d Pla¢¢ Glas8QW G3 7NG PaBe I
R•mgarthla Al¢1both OCGI Report of the Trwjle for the Ymr Emde4 31 21Y24 Th¢ trustces present their report with the fiftclaI 5taiemcn15 of the chirity for the year ended 31 March 2024. The trnstees have Bdopted the provisi($ of Acc()unting and Reportill8 by Charities: Stst¢meArt of Reemended Practice applicable to charities Preparin8 their accounts in a¢¢ordance with the Finan¢iaJ R¢portinB sIdard applicable in the UK knd Republic of Jrel•nd (FRS I IY2) (effective l JuNuary 2019). OWECTIVES AND ACTiYrriES ObJectlvt8 a•d 41ms The Trustccs, rts$ for the year w45 to continu¢ to rn•tnlain and develcp the f4¢ilitl¢s at tli¢ Sikh Gurdwarn and provide T¢Ii8lOIIS #liviti4s. FUrth¢Mre. the Executive Commiltrc are 8ttll in the pro¢¢ss of gainlng accreditati¢)n for the Sikh GuTdMfara to become an rK¢tedi¢cd ¢cntrr to Provide education of the Punjabi language al an ordinary and advanced I¢1. STRucfuRE, C.OVERNANCE AND hfANAGEMENT GOVERNANCE AND MANAGEMENT The Ixccutivc Committe¢ m¢d5 at least oncc every c41cndar rnonih and uTjdekes ¢ontrol and yeneral mana8emenl of the charity. The r.xe£utiv¢ Committee is Also rexpthsibk for makin8 decisions on &ll activitie4 8nd matteT5 of th¢ Al511t1, including hi)w funds Are utilised. All ¢ommittee members give their tim¢ generously and T¢ccive no remun¢ralion of finKial benefits. The A&s(KIaiion 1$ govrrned by a conslFtution. The Constiiulion ineludes ScIr m¢&sur¢$ for the ASlatIOn lo devrlop op¢ralional controls and gov¢rnance arranEement5. Reeruilmemt aDd •ppolDtthED¢ of new Iru¢e The process of pIntMent ro thc Executi Lommiitr¢ is based on ele¢lion ol. Offiec Bcarer5 at the Association's Annual Gcneral MectinB as (rtrtliued in Ih¢ Constituiion. oifi¢e Bearers serve 01¢¢ for a two year ierm And ire eli8ibJ¢ for re-¢ltiorn All m¢mberA of the Assceiation are encourn8cd to #and for eleetN)Tr to the Ex¢¢utive Commitle¢. DtelslrJD m•kl•g The Ex¢¢utive Committee has inbpyoved its fInCIal manag¢mcnt arysements with regular mi¢w8 of the rinkneial stslements of the Associalion. Appfov¢d by order of the boArd of trustees on l July 21r24 and signed on its behalf by: Page 2
l•dtpeudent ExmlBer's Reporl to the Trnsteei ol RmEArhl of Gjwow I lert on the ounts for the year ended 31 Marth 2024 set (Mrt M pap fow to eight. Respeetfve respollslbilitla Of¢r and exAmlDer The charitys trusiees are r¢$Fw5Jknk the pr•ioo of the xcounts in accordnc¢ wilh tht terms of ihe Charilies and Trustec Invcslmcnl (Scthd) Act 21KJ5 tk Ch4riti¢8 Accounts (Scotland) Resulati$ 2006 (a8 amended). The ch•yiWs trust¢¢s ¢ottsi&t thttt the Ludit requirtmenl of lie8ulation ICKI )(a) to (c) of thc A¢count5 Regulatio$ does not apply. It is my Jesp05}bl1ty to ¢xathine the occounts as requir un&r Se¢tiQA 44(IX¢) of the Act and to state whahef partis)Jl•r m•ffcrs havc come to my attention. ol the Independeat exm1•eO Ytport My examination was arTied out in a¢cordfin¢e with Resulalion I l of the Charilies Accounts (Scotland) R¢¥ulaiions 2006. An eMMinlOn in¢lwk$ a review ol the actIng Tecords kept by the clwity and comparison of the accounls PTu¢nled with those reu)rds. It a150 iniludes con5idèrnlion of any unusual ii¢nis or di8¢losur¢$ in the accounW and seeking explanations from yju a8 trustees conccrning any Sueh matters. The protedureg undertaken do noi provide all the ¢vidence thal would be TC4uir¢d in th audit. Jnd on$equcntly I do not expTCSS an I11 opinlon the view 81n by th¢ Its. IndtptDdent exminer'i MtemeAI In C(nec110 with Y examinatio no m•tter ha5 come lo my Attenlion . ( l) which ¥iv¢5 m¢ Te450Mbk cause kn believe thal ift any m8*ri•l re5pcc¢ ihe Kquircments to keep accoun(In¥ IOrdS in &rdance with Seclion 44(IX•) of the 2005 A¢¢ and Re6ulation 4 of th¢ 2Q06 A¢)unIS R¢8ul•ti0ts8: and to prepar¢ xrounts which x¢ord with the xcountin8 r¢cordJ and to comply with Ke8ula¢ion 8 of the 2006 Ac¢ounts Rc8ulitions have not beem met. or (2) to w11i¢l in my opini(M4 aitenlion should be drnwn in OTdcr to ¢rnbk a propcr und¢rstsndin8 of the a¢nts to be reache4 Stcvcnson & Kyles Chartered Awountants 25 qandyford PlaL GlasBOW G3 7NG Pi8e 3
Ramyrhi• of Gl Stste¥t olFiDneil Aerfvit for the Ye•r KDded 31 March 2024 2024 Total funds UDrestriclEd RestrKted nd fund 2023 Total funds Notes INCOME AND ENDOWMENTS FROM Donations and le8acies 64.114 64,114 53,314 Other trnding tIVitIeS Ekv¢stment income 3.297 20 3.297 20 2,956 20 Toeal 67,431 67.431 58.290 EXPENDITURE ON Raising furKIs 59.822 59,822 54.503 NET INCOME Transftrn between f•nds 7,609 7.750 3,787 (7,750) N¢t mov¢m¢nt In fw•di 15J59 (7,750) 7.609 3,787 RECONCILIATION OF FUNDS Total funds brought forward 163.897 7.750 171.647 167,860 TOTAL FUNDS CARRIED FORWARD 179,256 179.256 171,647 The notes fth7n part of these finan¢ial 5t4tements Pa8e 4
Rm£rhla Asgoeltio• OtGIww 31 Mrch 2024 2024 Totsl funds 2023 Totsl nds UnTestricted Restrid¢d fund CURRENT ASSETS C45h at bank and in hd 179.256 179,256 171,647 74ET CURRFTr4T A&8ETS 179.256 179,256 171.647 TOTAL ASSETS LESS CURRENT LIABILITIES 179256 179.256 171.647 NET ASSETS 179,256 179.256 171.647 FiiNDS lJnrestrict&4 fund$ Restricted funds 179.256 163.897 7,750 TOTAL FUNDS 179256 171,647 The financial 51alements were apwov¢d by Ihe Brd of "I'ruths auihorised for issue on l July 2024 and were .8i8n¢d on its bphalf by.. notes foym prt of thes¢ finala1 statements Pa8e S
for the Year EDdtd 31 M*rch 2024 ACCOUThNG POLICIV B•Aii of prepAAmE the Ilm Jtaiem¢thts The financial statements of the charity. which is a bIle benefit cntity under FRS 102, havc b¢en prepared in accordknc¢ with thc ChaTiti¢s SORP (FRS 102) 'A¢¢ounting and Reporting by ChitIes. Stsiement of Rw)mmend+xI Practice applicabk to ¢harities prepanD8 their accounts in accordance with the Financill Reporting Siandard applicable in the UK and Republic of Ireland (FRS 102) (cffective l )vary 2019),. Financi81 Rel1$ Stsndard 102 The Fin•n¢ial Rew)rting Stsndard applicable in the UK 4nd Ryblic of Ir¢l•nd' ond the Charilics aTrJ Truste¢ Investment (Scotland) A¢t 2005. The financial stat¢ments have wepared under the historical cos1 convention. All income is reco8nised in th¢ Ststenxnt of FinJnci&l Activitics orte the chrity has entitlemenl to the funds, it is PTobabl¢ that the incomc will be rffeivcd and thc atzThnt can be measured rcliably. ExpeHdlt¥re Liabilities are regnised as exFnditure as s(M)n as there is 8 Icgal or ¢onstNcliv¢ obligation committing th¢ charity to that exPdifurfy it 1$ probable that a tronsfeT of economic b¢nefits will be requir¢d in settlement and thc amount of the obligalion can be mcasured reliably. Exp¢nditur¢ is accounted for on a cash basis and has been classified under headings thai 488r¢8ale ill cost r¢latcd to the ¢ale80ry. Where W$15 cannot be directly attributed io partieulaT heing8 they have been allo¢ated to tiviti¢$ on a basis consist¢nt wilh the usc of r¢sour¢es. Taxatlon Th¢ tharity is exempt tsx (m Its ¢haritsble Activilies. Unrestricted fund5 can b¢ in acrdance wilh the chaThabl¢ obj¢¢tiv¢s at the dlscretion of th¢ trustees. Restricted funds can only k u5¢d for particular restricted purposes within the objects of Ihc charity. Rcstriltions •ris¢ when specified by thc doTh)r or whcn funds are raised for particular restri¢t¢d purposes. Further ¢xplanation of the natUTe and pu4)ose of ettch fuTha is included in the notc$ to th¢ financial ststements. OTHER TRADING ACTIVITIES 2024 2023 Ladies 5atsAn8 3.297 2,956 Pa8e 6 continu¢d.,,
RaMgAl Aswellli of GIWW Notes to Ihe Flnneial Staternmts - condnu¢d for the Yr Ended 31 M•r¢b 2024 INVESTMENT COmE 2024 2023 D¢posit acwunt interest 20 20 RAISING FUNDS RislD8 donitlons g*d l¢gaei 2024 2023 Support costs 59.822 54.503 TRusfEES' REMUNEIL4TION AI¥D BENEFITS There w¢re no trustees, r¢muncTation or other twKfits for th¢ year ended 31 Marth 2024 nor for th¢ yw cnded 31 Mah 2023. TruJt¢eB' exp¢w Thcre were no truste¢s expa)s¢s pid for the year ended 31 Maw¢h 2024 nor for the year ended 31 March 2023. MOVEMF.NT IN FUNDS N¢t movement in fvnds Transfus b¢tw¢en funds At 31.3.24 At 1.4.23 UDMtrl¢led fryAds GeDeral fund 163.897 7.750 J792S6 R¢8trlcted fundi Restricted fund 7.750 (7,750) TOTAL FUNDS 171.647 179.256 Net movement in funds. included in the are Is follows: Incoming resourc¢s Resources Movcmcnt ¢xpended in funds Unrestrlc¢ed funds Gcnerdl fund 67.431 (59.822) TOTAL FUNDS 67,431 (59.822) 7.609 Page 7 continued...
Rmyrhla Awothilom ofGlsgow Nots lo the FluxelAI SiaieMbeDlJ- ¢ontlDued fi)r the Year Edrd JI M•rch 2024 MOVEM IN FUNDS- ¢owJlln4ed CompAYtivu for moveent la hods Nct movement in funds At 31.3.23 At1.4.22 UDreJtrk¢ed fund8 GeneTal fund 16D.I 10 3,787 163.897 ReBtrlcted fun R¢$tricted fund 7,750 7,750 TOTAL FUNDS 167.860 3.787 171,647 Comparativ¢ net mov¢ment in funds. included in the above ar¢ M follows: Ine4)ming Tcsour¢es Resources expcnded Mo¥¢ment in funds UDMtri¢ied fuAds Gcn¢rnl fw)d $8290 (54,503) J.787 TOTAL FUNDS 58,ts) (54,503) 3,787 General fund - Ihis fund is foT the day to day Tunnin8 of th¢ or8anigalion. Restrict¢d fund . this fund is for the installalion of security ¢quipnent. RELATED PARTY DISCiA)SURFS There were no Telatrd party knn54ions for the year ended 31 M4rch 2024. Pasc 8
Rm8arhla Aw)d•tiOll 0[GI•s tktalkd ststenI of Fl•nclal Artivltkj for ihe Ymr Exded 31 Maytb 2024 2024 2023 INCOME AND EIYDOWME DonAtIon# And le8tie Donations 64,114 55.314 Other trIll£ attlvlt Ladies s8tsan8 3,297 2,956 InveA(methl l•eome Dew)sit account irtterest 20 20 To¢il ljcomlry ruollr¢es 67.431 58,290 EXPENDITURE Support ¢oJts GDverno0¢¢ Wa8eS 11.193 1,334 4.895 25,553 1,556 250 4,749 l2,326 1,812 4,522 14.066 1,325 758 6,292 6,070 2,722 2,301 1,904 405 Insurance l.i8ht And l elephi)N¢. pos¢ #nd statloKry Advertising Repairs and r¢ncwils AOnIY and leyl fres Donations Cleanin8 Ration and food Cla55 ¢05ts TrAv¢I 2.246 2,388 5,279 379 59.822 54.503 Total resources expended 59,822 54,503 r4rf imeome 7,609 3,787 This pa8e thxs not forni part of the 5tstutory financial al¢ments