RAMGARHIA SIKH ASSOCIATION, WOOLWICH
Financial health, per its FY2022 accounts
The accounts state that unrestricted funds totalled £2,429,587 at the end of the year, representing a net income increase of £167,164 from the previous year. The trustees note that surplus funds are maintained at a high level to cover management and administration costs, although they explicitly state there is no formal reserves policy. The charity received an independent examiner's report confirming the accounts give a true and fair view.
What the accounts disclose
Trustees
- Sarbjeet Singh Bhambrachair
- Amrik Singh Virdi
- Avtar Kaur Bilkhu
- Darshan Singh Panesar
- Gurmit Singh Matharu
- Harjinder Singh Seera
- Kulvinder Kaur Rayat
- Kulvinder Kaur Sethi
- Mandeep Singh Virdi
- Manjit Singh Chana
- Manvinder Singh Plahi
- Nirmal Singh Bansal
- Surinder Kaur Saggu
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £302k | £118k |
| 31/12/2023 | £291k | £189k |
| 31/12/2022 | £326k | £159k |
| 31/12/2021 | £229k | £116k |
| 31/12/2020 | £231k | £167k |
Common questions
Is RAMGARHIA SIKH ASSOCIATION, WOOLWICH financially healthy?
The accounts state that unrestricted funds totalled £2,429,587 at the end of the year, representing a net income increase of £167,164 from the previous year. The trustees note that surplus funds are maintained at a high level to cover management and administration costs, although they explicitly state there is no formal reserves policy. The charity received an independent examiner's report confirming the accounts give a true and fair view. Its FY2022 accounts were independently examined.