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Official Statement From Mata Sahib Kaur Sikh Academy Regarding Financial Situation + Bank Details


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Waheguru Ji Ki Khalsa

Waheguru Ji Ki Fateh

I received an official statement from 'Mata Sahib Kaur Sikh Academy' regarding the financial situation and structure, I have pasted a copy of the statement below.

Guru Roop Saadsangat Jeo

The following is a short summary of the financial situation that the Mata Sahib Kaur Sikh Academy is currently experiencing :

Waheguru Jee Ka Khalsa Waheguru Jee Ke Fateh

In July 2008 a loan of 1.2million for two years was taken out with Natwest bank, in conjunction with the purchase of the Mata Sahib Kaur Sikh Academy. With the grace of Akaal Purkh Waheguru and thanks to the Saadsangat not only across the UK, but Worldwide, all the Quarterly repayments to Natwest bank have always been made on time and over 200,000 has been spent on the total refurbishment and additions of the Academy since it’s purchase.

This loan agreement expired in July 2010, with the bank (Due to the worldwide financial climate/recession and restructuring of banks) calling in the whole of the outstanding amount of 1.2million. With continous negogiations the bank then extended the deadline for full repayment of the outstanding debt to the end of September 2010.

However, with the continous help of the Saadsangat an improved business plan with the addition of a pre-school nursery was submitted to Natwest bank, and thankfully the amount required to restructure the loan agreement was agreed to be 300,000; incorporating a deadline of 31st December 2010, with which the bank agreed.

With Guru Maharaj’s beant kirpa a sum of 150,000 has been arranged and this leaves a shortfall of just 150,000. Although the deadline has once again expired, the idea is to forward all the outstanding amount to Natwest bank ASAP, as it is collected, hopefully within the next 14 days; before the case is passed to the Bank’s Recovery Dept, which would make it virtually impossible to secure a deal on the previously agreed terms.

This is a humble baentee to all Saadsangat that today on the day we celebrate the pavitar avtar divas of Dhan Dhan Dhan Sri Guru Gobind Singh Jee Maharaj, please, please, please look inside ourselves and with the Guru’s kirpa be brave and give any amount you can to save our true mothers house, always remembering and rejoicing in the thought that our amazing father gave their all for us.

Dhan GURU , DHAN GURU PYARE

Waheguru Jee Ka Khalsa Waheguru Jee Ke Fateh

Update: You can now donate online, go to http://www.sikhacademy.co.uk/ scroll down and click on the yellow/gold 'Donate' button which will lead you to paypal.

Below are the bank account details for those members of the sangat who which to make a donation towards saving the academy:

Payee Details:

Account Name: SCYS Ilford

Reference: The Academy

Sort Code: 01-08-15

Account Number: 53596595

There will be an urgent meeting being held at Mata Sahib Kaur Sikh Academy on Wednesday 12th January at 8:00PM. This will be to discuss the financial situation and for the sangat to ask any questions they may have, the meeting is open to all sangat, below are the Academy details for those wishing to attend

Mata Sahib Kaur Academy

8 Oaks Lane

Newbury Park

Ilford

Essex

IG2 7PL

Akaaaal

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Waheguru Ji Ka Khalsa

Waheguru Ji Ki Fateh

Below are the bank account details for those members of the sangat who which to make a donation towards saving the academy:

Payee Details:

Account Name: SCYS Ilford

Reference: The Academy

Sort Code: 01-08-15

Account Number: 53596595

There will be an urgent meeting being held at Mata Sahib Kaur Sikh Academy on Wednesday 12th January at 8:00PM. This will be to discuss the financial situation and for the sangat to ask any questions they may have, the meeting is open to all sangat, below are the Academy details for those wishing to attend

Mata Sahib Kaur Academy

8 Oaks Lane

Newbury Park

Ilford

Essex

IG2 7PL

Akaaaal

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mata sahib kaur sikh academy is the best place for the youth because it teaches them how to do seva the right way also during the coures of the week there are different classes from gurbani santhia to self defence classes and on saturdays over 50 kids come to learn gurbani santhi or gatka or even arts and crafts but most importantly

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mata sahib kaur sikh academy is the best place for the youth as it teaches them how to do seva the right way

over 50 kids come to the academy on saturday to learn gurbani santhia,gatka,kirtan and even arts and crafts but most importantly we are in the darbar sahib for 2 hours listening to saakhi about the guru sahibs

during the coures of the week there are different classes like gurbani santhi ,kirtan ,gatka football and khalsa camp

This is like a home to us....:waheguru:

please please please benti to all the saadsangat please help the mata sahib kaur sikh academy!!!!!!!!!!!!!!!

As this is our Mothers house

vaheguru ji ka khalsa

vaheguru ji ki fateh !!!!!!!!!

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WJKK WJKF

Some like myself may not be able to attend, so please let us know the outcome of this meeting here.

I find it completely distressing that from the area where the academy is located, there are also major Sikh businesses and 150k should not be an issue, but it is..somehow.

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Waheguru Ji Ka Khalsa Waheguru Ji Ki Fateh

I would like to tell all the well known sikh sites such as SikhRoots.Com and G5Sikhmeida.com, to put this information up about Mata Sahib Kaur Sikh Academy, we need to try our best so more sangat knows, This information is very sad news, we can't let Mata Sahib Kaur Sikh Academy get closed down.

Waheguru Ji Ka Khalsa Waheguru Ji Ki Fateh

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Just an idea, if the academy representatives approach the sikh tv channelss and other radio stations as mentioned by someone before it will let the uk sangat be aware of this issue. Everyone has been saying only good about the academy so it needs to be saved.

How about if the academy requests all gurdware in uk to help out if they can. to ask the sangat attending this weekend to donate like even £1 each would help achieve its goal. If the sikh channels and radio and other media even like des pardes cover the story highlighting the immense good work the academy does the uk sangat would help. Surely uk sangat can raise the required amount if all chip in a little bit.

Also if members from sikhsangat.com donate even £10 each that would be enough on its own.18000 + members so like £180000 the academy can be saved. But i think not all are active, but like one bhai sahib said he would donate £1000, so if all that can even donate a £1, £10 or £100 + it will all help.

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