SHRI GURU RAVIDASS MISSION INTERNATIONAL
Financial health, per its FY2024 accounts
The accounts state that the charity reported a deficit of £32,366 for the year, reducing its unrestricted reserves from £489,863 to £457,497. The financial health is characterized by significant uncertainty, as the charity's primary asset is an £814,771 loan to a loss-making subsidiary, Kanshi TV Ltd, which holds net liabilities of £946,080. Despite this dependency, the trustees maintain the going concern basis, citing substantial reserves and the expectation that the subsidiary will eventually become profitable.
What the accounts disclose
“The Trustees are of the opinion that reserves in the order of £100,000 would normally be appropriate to ensure the smooth running of the Charity and its wholly-owned subsidiary.” — page 4
“The Trustees' loan accounts shown in Note 14 above comprise loans from Mr Hans Raj Banga £75,140 (2023 £75,140), from Mr Balbir Kalair £11,250 (2023 £11,250) and from Mr Raj Bangar £74,000 (2023 £74,000). These loans are unsecured, interest free and repayable as soon as possible when the Charity can afford to pay.” — page 14
“During the year the Charity paid Kanshi TV Ltd £240,000 (2023 £200,000) for television air time.” — page 14
“The Trustees' loan accounts shown in Note 14 above comprise loans from Mr Hans Raj Banga £75,140 (2023 £75,140), from Mr Balbir Kalair £11,250 (2023 £11,250) and from Mr Raj Bangar £74,000 (2023 £74,000). These loans are unsecured, interest free and repayable as soon as possible when the Charity can afford to pay.” — page 14
“During the year the Charity paid Kanshi TV Ltd £240,000 (2023 £200,000) for television air time.” — page 14
“The charity owns the entire share capital (100 ordinary shares) of its subsidiary company, Kanshi TV Ltd, which operates the TV channel on the Sky platform used by the Charity for its charitable activities in advancing the Ravidassia faith.” — page 12
Trustees
- HANS RAJ BANGAchair
- BALBIR KALAIR
- HANS RAJ JAKHU
- Rajinder Kumar Bangar
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/05/2025 | £210k | £205k |
| 31/05/2024 | £225k | £258k |
| 31/05/2023 | £216k | £210k |
| 31/05/2022 | £211k | £181k |
| 31/05/2021 | £231k | £126k |
Common questions
Is SHRI GURU RAVIDASS MISSION INTERNATIONAL financially healthy?
The accounts state that the charity reported a deficit of £32,366 for the year, reducing its unrestricted reserves from £489,863 to £457,497. The financial health is characterized by significant uncertainty, as the charity's primary asset is an £814,771 loan to a loss-making subsidiary, Kanshi TV Ltd, which holds net liabilities of £946,080. Despite this dependency, the trustees maintain the going concern basis, citing substantial reserves and the expectation that the subsidiary will eventually become profitable. Its FY2024 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| EDWARD HARVIST (ALSO KNOWN AS THE HARVIST ESTATE) | 1 | £2k |