Guru Nanak Sikh Temple,sedgley Street,wolverhampton UK

Analysis

Guru Nanak Sikh Temple,sedgley Street,wolverhampton UK is a registered charity in England and Wales, based in West Midlands. It was registered in June 1969, 57 years ago. Its declared purposes cover general charitable purposes, education/training, the advancement of health or saving of lives and the prevention or relief of poverty, which this site groups under health and saving lives. It says it provides services, provides advocacy/advice/information and acts as an umbrella or resource body.

In the financial year ending May 2024, Guru Nanak Sikh Temple,sedgley Street,wolverhampton UK reported income of £1.0m and spending of £714k, leaving 31% of income unspent that year. Across the 4 years on record, from May 2021 to May 2024, income grew from £427k to £1.0m (+141%), an average of +34% a year. The sharpest change came in the year to May 2022, when income rose by 79%. Over the whole period it spent 69% of the income it received.

Among 24,651 England and Wales charities whose main cause is health and saving lives and that reported income, Guru Nanak Sikh Temple,sedgley Street,wolverhampton UK sits at the 89th percentile: it is larger than about 89% of them. Against every charity in England and Wales with reported income it ranks in the 94th percentile. Charities of a similar size with the same main cause include Ehsaas Trust (£1.0m), AFC Wimbledon Foundation (£1.0m) and 10 Count Boxing Gym CIO (£1.0m).

In its latest detailed accounts, income came from donations and legacies 89% and investments 11%. Charitable activities took 98% of spending and raising funds 0.4%. Grants to other organisations totalled £11k. Reserves of £10.7m would cover about 177 months of spending at that rate. It employed 45 people.

Data notes from the register: The regulator lists this charity's latest annual return or accounts as overdue.