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GURU NANAK DURBAR (SIKH TEMPLE), ERITH & BELVEDERE, KENT

Registered charity 1070449 · accounts filings on the Charity Commission register · also known as GURU NANAK DURBAR ASSOCIATION, ERITH & BELVEDERE, KENT

Latest income
£926k
Latest spending
£1.5m
Registered
1998
Accounts read
FY2023

Financial health, per its FY2023 accounts

The accounts state that the charity generated a surplus of £690,552 for the year ended 31 December 2023, with total unrestricted reserves of £3,696,589. The trustees report that the charity's financial position is satisfactory and that it has adequate resources to continue in operational existence for the foreseeable future. The charity maintains unrestricted funds at a level equivalent to between one and three months' expenditure, which is considered sufficient to sustain operations during funding drops.

What the accounts disclose

Reserves policy: between one and three month’s expenditure (held: £3.7m)
“It is the policy of the Charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between one and three month’s expenditure.” — page 5
Per its FY2023 accounts as filed with the Charity Commission.

Accounts audited by KLSA LLP.

Structured financials (annual return, FY ending 31/12/2024)

Total income
£926k
Total spending
£1.5m
Reserves (reported)
£3.2m
Employees
3

Reported reserves equal ~25.4 months of spending — in the top quarter for charities its size (median 5.2 months; benchmarks).

Trustees

Trustee list from the Charity Commission register (current, not historical).

Operates in: Bexley

Income and spending

Financial year endIncomeSpending
31/12/2024£926k£1.5m
31/12/2023£857k£167k
31/12/2022£582k£130k
31/12/2021£189k£138k
31/12/2020£154k£159k

Common questions

Is GURU NANAK DURBAR (SIKH TEMPLE), ERITH & BELVEDERE, KENT financially healthy?

The accounts state that the charity generated a surplus of £690,552 for the year ended 31 December 2023, with total unrestricted reserves of £3,696,589. The trustees report that the charity's financial position is satisfactory and that it has adequate resources to continue in operational existence for the foreseeable future. The charity maintains unrestricted funds at a level equivalent to between one and three months' expenditure, which is considered sufficient to sustain operations during funding drops. Its FY2023 accounts were audited by KLSA LLP.

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