Charity number: 1011216 Company number: 1011216
(England and Wales)
UNITED SIKH ASSOCIATION
Report of the Trustees and Unaudited Financial Statements
For the year ended 30 June 2024
UNITED SIKH ASSOCIATION Contents Page For the year ended 30 June 2024
| Report of the Trustees | 1 |
|---|---|
| Independent Examiner's Report to the Trustees | 2 |
| Statement of Financial Activities | 3 |
| Statement of Financial Position | 4 |
| Notes to the Financial Statements | 5 to 8 |
| Detailed Statement of Financial Activities | 9 |
UNITED SIKH ASSOCIATION Report of the Trustees For the year ended 30 June 2024
The Trustees, who are also directors for the purposes of company law, have pleasure in presenting their report and the financial statements for the charitable company for the year ended 30 June 2024. The Trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and the Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The trustees have considered the Charity Commision's guidance on public benefit, including the guidance 'public benefit: running a charity (PB2)'.
REFERENCE AND ADMINISTRATIVE INFORMATION
Name of Charity UNITED SIKH ASSOCIATION Charity registration number 1011216 Company registration number 1011216 Principal address Sikh Community Centre Wellington Avenue Liverpool L15 0EJ
Trustees
The trustees and officers serving during the year and since the year end were as follows:
Ranjit Singh Gill Hardev Singh Sohal Rajinder Singh Panesar Independent examiners Accountancy Solutions Office 5 Mansfield Business Centre Ashfield Avenue Mansfield Nottinghamshire NG18 2AE
Approved by the Board of Trustees and signed on its behalf by
20 May 2025
............................................................................. Ranjit Singh Gill
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UNITED SIKH ASSOCIATION Independent Examiners Report to the Trustees For the year ended 30 June 2024
I report to the trustees on my examination of the accounts of the charitable company for the year ended 30 June 2024.
Responsibilities and basis of report
As the charity Trustees, who are also directors for the purposes of company law, are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiners statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair view' which is not a matter considered as part of an independent examination; or
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the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Accountancy Solutions Office 5 Mansfield Business Centre Ashfield Avenue Mansfield Nottinghamshire NG18 2AE
20 May 2025
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UNITED SIKH ASSOCIATION
Statement of Financial Activities (including Income and Expenditure Account) For the year ended 30 June 2024
| Notes Income and endowments from: Donations and legacies 2 Total Expenditure on: Charitable activities 3/4 Total Net income/expenditure Reconciliation of funds Total funds brought forward Total funds carried forward |
Unrestricted funds £ 56,759 56,759 (55,651) (55,651) 1,108 110,847 111,955 |
2023 £ 43,088 |
|---|---|---|
| 43,088 | ||
| (44,741) | ||
| (44,741) | ||
| (1,653) 112,500 |
||
| 110,847 |
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Registered Number :
1011216
UNITED SIKH ASSOCIATION Statement of Financial Position As at 30 June 2024
----- Start of picture text -----
|||||
|---|---|---|---|
|Notes|2024|2023|
|£|£|
|Fixed assets|
|Tangible assets|9|95,140|95,948|
|95,140|95,948|
|Current assets|
|Cash at bank and in hand|17,490|15,574|
|17,490|15,574|
|Creditors: amounts falling due within one year|10|(675)|(675)|
|Net current assets|16,815|14,899|
|Total assets less current liabilities|111,955|110,847|
|Net assets|111,955|110,847|
|The funds of the charity|
|Unrestricted income funds|11|111,955|110,847|
|Total funds|111,955|110,847|
----- End of picture text -----
For the year ended 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476,
The trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime.
The financial statements were approved and authorised for issue by the Board and signed on its behalf by:
Ranjit Singh Gill Trustee 20 May 2025
4 of 9
UNITED SIKH ASSOCIATION Notes to the Financial Statements For the year ended 30 June 2024
1. Accounting Policies
Basis of accounting
The financial statements have been prepared under the historical cost convention, except for investments which are included at market value and the revaluation of certain fixed assets and in accordance with the Charities SORP (FRS 102) ‘Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), and the Companies Act 2006.
UNITED SIKH ASSOCIATION meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).
2. Income from donations and legacies
| Unrestricted funds Donations received 3. Costs of charitable activities by fund type Unrestricted funds Support costs 4. Costs of charitable activities by activity type Activity 1 5. Analysis of support costs Activity 1 Governance costs |
2024 £ 56,759 56,759 2024 £ 55,651 2024 £ 55,651 2024 £ 55,651 |
2023 £ 43,088 |
|---|---|---|
| 43,088 | ||
| 2023 £ 44,741 2023 £ 44,741 2023 £ 44,741 |
5 of 9
UNITED SIKH ASSOCIATION Notes to the Financial Statements Continued
For the year ended 30 June 2024
6. Net income/(expenditure) for the year
This is stated after charging/(crediting):
| This is stated after charging/(crediting): | ||
|---|---|---|
| 2024 | 2023 | |
| £ | £ | |
| Depreciation of owned fixed assets | 809 | 1,011 |
| Accountancy fees | - | 900 |
| Trustees' remuneration | 20,756 | 19,365 |
7. Staff costs and emoluments
Total staff costs for the year ended 30 June 2024 were:
| Salaries and wages Casual Employees |
2024 £ 20,756 20,756 2024 0 0 |
2023 £ 19,365 |
|---|---|---|
| 19,365 | ||
| 2023 0 |
||
| 0 |
8. Comparative for the Statement of Financial Activities
The comparative year values on the Statement of Financial Activites are for unrestricted funds.
6 of 9
UNITED SIKH ASSOCIATION Notes to the Financial Statements Continued For the year ended 30 June 2024
9. Tangible fixed assets
| Cost or valuation At 01 July 2023 At 30 June 2024 Depreciation At 01 July 2023 Charge for year At 30 June 2024 Net book values At 30 June 2024 At 30 June 2023 |
Land and Buildings £ 91,905 91,905 - - - 91,905 91,905 |
Furniture,fittin gs, tools and £ 15,389 15,389 11,346 808 12,154 3,235 4,043 |
Total £ 107,294 |
|---|---|---|---|
| 107,294 | |||
| 11,346 808 |
|||
| 12,154 | |||
| 95,140 | |||
| 95,948 |
10. Creditors: amounts falling due within one year
| Creditors: amounts falling due within one year | ||
|---|---|---|
| Trade creditors | 2024 £ 675 675 |
2023 £ 675 |
| 675 |
11. Movement in funds
| Unrestricted Funds General General Unrestricted Funds - Previous year General General |
Balance at 01/07/2023 £ 110,847 110,847 Balance at 01/07/2022 £ 112,500 112,500 |
Incoming resources £ 56,759 56,759 Incoming resources £ 43,088 43,088 |
Outgoing resources £ (55,651) (55,651) Outgoing resources £ (44,741) (44,741) |
Balance at 30/06/2024 £ 111,955 |
|---|---|---|---|---|
| 111,955 | ||||
| Balance at 30/06/2023 £ 110,847 |
||||
| 110,847 |
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UNITED SIKH ASSOCIATION Notes to the Financial Statements Continued
For the year ended 30 June 2024
Purpose of unrestricted Funds
General
Charity
12. Analysis of net assets between funds
| Unrestricted funds General General Previous year Unrestricted funds General General |
Tangible fixed assets Net current assets / (liabilities) Net Assets £ £ £ 95,140 16,815 111,955 |
|---|---|
| 95,140 16,815 111,955 |
|
| Tangible fixed assets Net current assets / (liabilities) Net Assets £ £ £ 95,948 14,899 110,847 |
|
| 95,948 14,899 110,847 |
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UNITED SIKH ASSOCIATION Detailed Statement of Financial Activities For the year ended 30 June 2024
| INCOME AND ENDOWMENT Donations and legacies Donations Total incoming resources SUPPORT COSTS Governance costs Governance costs Total resources expended Net Income |
£ 2024 56,759 56,759 56,759 (55,651) (55,651) (55,651) 1,108 |
£ 2023 43,088 |
|---|---|---|
| 43,088 | ||
| 43,088 (44,741) |
||
| (44,741) | ||
| (44,741) | ||
| (1,653) |
9 of 9 This page does not form part of the statutory financial statements