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THE MEDWAY TOWNS GURUDWARA SABHA LIMITED

Registered charity 259740 · accounts filings on the Charity Commission register · also known as THE MEDWAY TOWNS GURUDAWARA SABHA LIMITED

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Latest income
£517k
Latest spending
£397k
Registered
1970
Accounts read
FY2024

Financial health, per its FY2024 accounts

The accounts state that the charity reported a surplus of £172,091 for the year ended 30 December 2024, with total income increasing to £486,871 and expenditure decreasing to £314,780. The trustees confirm that unrestricted reserves of £3,207,730 are maintained at a level equivalent to between three and six months of expenditure, satisfying their stated reserves policy. The auditor confirmed that the charity is a going concern with no material uncertainties identified.

Automated summary of the FY2024 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Reserves policy: between three and six month’s expenditure (held: £3.2m)
“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 three and six month’s expenditure.” — page 4
Per its FY2024 accounts as filed with the Charity Commission.

Accounts audited by Samuels LLP. Discloses 4 of 6 completeness components.

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

Total income
£0
Total spending
£397k
Cost of raising funds
£397k
Reserves (reported)
£0
Employees
4

Reported reserves equal ~0.0 months of spending — in the bottom quarter for charities its size (median 5.2 months; benchmarks).

Trustees · trustee networks

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

Operates in: Medway

Income and spending

Financial year endIncomeSpending
31/12/2024£517k£397k
31/12/2023£460k£350k
31/12/2022£344k£241k
31/12/2021£231k£288k
31/12/2020£163k£241k

Common questions

Is THE MEDWAY TOWNS GURUDWARA SABHA LIMITED financially healthy?

Per its FY2024 accounts: The accounts state that the charity reported a surplus of £172,091 for the year ended 30 December 2024, with total income increasing to £486,871 and expenditure decreasing to £314,780. The trustees confirm that unrestricted reserves of £3,207,730 are maintained at a level equivalent to between three and six months of expenditure, satisfying their stated reserves policy. The auditor confirmed that the charity is a going concern with no material uncertainties identified. Its FY2024 accounts were audited by Samuels LLP.