Registered number
04630683
Bhat Singh Sabha (Highgate)
Filleted Accounts
31 March 2023
Bhat Singh Sabha (Highgate)
Registered number: 04630683
Balance Sheet
as at 31 March 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 8 2,148,961 2,150,752
Current assets
Debtors 9 30,033 3,963
Cash at bank and in hand 31,589 5,271
61,622 9,234
Creditors: amounts falling due within one year 10 (118,804) (104,270)
Net current liabilities (57,182) (95,036)
Total assets less current liabilities 2,091,779 2,055,716
Creditors: amounts falling due after more than one year 11 (207,709) (231,363)
Net assets 1,884,070 1,824,353
Capital and reserves
Profit and loss account 1,884,070 1,824,353
Shareholder's funds 1,884,070 1,824,353
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Pritpal Singh
Director
Approved by the board on 13 March 2024
Bhat Singh Sabha (Highgate)
Notes to the Accounts
for the year ended 31 March 2023
1 Accounting policies
Basis of preparation
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Vehicles 25% reducing balance
Fixtures, fittings, tools and equipment 25% reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price).
Income
All income is recognised in the statement of financial activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Grants awarded are included in the statement of financial activities when approved by the trustees and agreed with the recipient. The value of grants unpaid at the year end is accrued. Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
Taxation
The charity is exempt from corporation tax on its charitable activities.
Pensions
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the statement of financial activities in the period to which they relate.
Fund accounting
Unrestricted general funds may be used in accordance with the charity's objects at the discretion of the trustees. Designated funds are amounts set aside by the trustees out of unrestricted general funds for specific future purposes or projects.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 14 11
3 Charitable activities costs 2023 2022
£ £
Direct costs (note 4) 124,105 100,823
Support costs (note 5) 78,026 65,499
Total 202,131 166,322
4 Direct costs of charitable activities 2023 2022
£ £
Staff costs 94,813 92,533
Corporate catering 29,292 8,139
Nursery food & provisions - 151
Total direct costs of charitable activities 124,105 100,823
5 Support costs for charitable activities 2023 2022
£ £
Indirect employee costs 716 576
Premises Costs 38,285 24,926
Administrative overheads 31,346 26,775
Legal & professional fees 3,608 8,153
Depreciation of assets used for charitable purposes 1,791 2,389
Accountancy fees 2,280 2,140
Examination fee - 540
Total support costs for charitable activities 78,026 65,499
6 Trustees' remuneration and benefits
The aggregate amount of expenses paid to trustees was £0 (2021: £0)
Neither the trustees nor any persons connected with them have received any renumeration from the charity or any related entity, either in the current or prior year.
7 Staff costs 2023 2022
£ £
Gross Salaries 93,026 85,181
Employer's National Insurance 1,559 6,645
Pension 228 707
94,813 92,533
The average number of employees during the year was as follows: 2023 2022
Management 1 1
Others 13 10
No employees received emoluments in excess of £60,000
8 Tangible fixed assets
Freehold Property Nursery Fixtures & Fittings Fixtures & Fittings
£ £ £
Asset cost, valuation or revalued amount
At 1 April 2022 2,143,587 142,973 99,898
Additions - - -
Disposals
At 31 March 2023 2,143,587 142,973 99,898
Depreciation and impairment provisions
At 1 April 2022 - 141,076 94,942
Charge for the year - 474 1,239
Disposals
At 31 March 2023 - 141,550 96,181
Net book value
At 31 March 2023 2,143,587 1,423 3,717
At 31 March 2022 2,143,587 1,897 4,956
Motor vehicle Computer equipment Totals
£ £ £
Asset cost, valuation or revalued amount
At 1 April 2022 16,772 4,453 2,407,683
Additions - - -
Disposals (16,772) (16,772)
At 31 March 2023 - 4,453 2,390,911
Depreciation and impairment provisions
At 1 April 2022 16,772 4,141 256,931
Charge for the year - 78 1,791
Disposals (16,772) (16,772)
At 31 March 2023 - 4,219 241,950
Net book value
At 31 March 2023 - 234 2,148,961
At 31 March 2022 - 312 2,150,752
9 Debtors 2023 2022
£ £
Trade debtors 30,033 2,769
Prepayments and accrued income - 1,194
30,033 3,963
10 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 92,287 90,304
Trade creditors 5,161 9,417
Deferred income 4,628 3,545
Accruals 1,201 1,735
Taxation and social security costs 13,315 (6,121)
Other creditors 2,212 5,390
118,804 104,270
11 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans more than 5 years by instalment 207,709 231,363
12 Fund balances
Opening funds Movement in funds Closing funds
£ £ £
Unrestricted funds 1,824,353 59,717 1,884,070
1,824,353 59,717 1,884,070
The purposes for which the funds are held by the charity are:
Unrestricted funds These funds are held for the objectives of the charity, and to provide free reserves for future activities, and, subject to charity legislation are free from all restrictions on their use.
13 Controlling party
The charity is wholly under the control of the board of Trustees.
14 Other information
Bhat Singh Sabha (Highgate) is a charitable company limited by guarantee and incorporated in England. Its registered office is:
256 Moseley Road
Highgate
Birmingham
B12 0BS
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