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Central Gurdwara Singh Sabha - Glasgow

Scottish charity SC000306 · record on the Scottish Charity Register (OSCR) · accounts PDF

Latest income
£578k
Latest spending
£4.5m
Accounts read
FY2024

Financial health, per FY2024 accounts

The accounts state that the charity reported a deficit of £3,953,318 for the year ended 31 March 2024, primarily due to a £4,242,734 impairment loss on property valuations. Despite this, the charity maintains positive unrestricted reserves of £1,013,190 and the trustees consider the going concern basis appropriate based on current cash reserves and funding sources.

What the accounts disclose

Reserves position: below the charity's own stated policy
“Currently the trustees hold in excess of £100,000 in a high interest bearing account in case of any emergencies.” — page 4
Per FY2024 accounts as filed with OSCR.
Related-party transaction: Donations received from CG Berkley Properties Limited, a company where one trustee is a director.
“Donations totalling £78,000 were received from CG Berkley Properties Limited. One of the trustees, is a director of this company.” — page 22
Per FY2024 accounts as filed with OSCR.
Register data and accounts from the Scottish Charity Regulator (OSCR), used under the Open Government Licence. Automated analysis; the filed accounts are authoritative.