Docusign Envelope ID.. 387A981 F-67FE4DD2-BA37-D9482963D031 Charity No: 1039522 SATIL4AR ASIAN ELDERS DAY CARE SERVICES REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31st MARCH 2024 Page l of 11 Docusign Envelope ID.. 387A981 F-67FE4DD2-BA37-D9482963D031 SATKAAR'S LEGAL AND ADMINISTRATION INFORMATION TRUSTEES: Vikas Tara Madhur Sharma Deepak Chandrababu Adam Blaxter Paliwala Kamala Devi Tarsem Lal Punj Kamaljit Rajput Kailash Chander Mr Yash Pal Tara Ramesh Gupta SATKAAR ASIAN ELDERS DAY CARE SERVICES, OFFICE: Sikh Community Centre 17AIB Queensway Leamington Spa CV313LZ Telephone.. 01926 315191 Email: satkaar@btconnect.com Web address . www.satkaar.co.uk INDEPENDENT EXAMINER'S: Tara and Co Accounting 21-23 Clemens Street Leamington Spa Warwickshire CV312DW SOLICITORS: Alsters Kelly Solicitors Hamilton House 20-26 Hamilton Terrace Leamington Spa Warwickshire CV32 4LY BANKERS: Natwest Bank plc The Parade Leamington Spa CV32 4WY Coventry Building Society Page 2 of 11 Docusign Envelope ID.. 387A981 F-67FE4DD2-BA37-D94B2963D031 SATKAAR ASIAN ELDERS DAY CARE SERVICES TRUSTEES. REPORT FOR THE I'E,IR ENDED 31 M,IRCH 2024 The Trustees present their report along with the financial statements of the Charity forthe year ended 31 March 2024. The financial statements have been prepared in accordance with the accounting policies and notes to the accounts Set out on pages 8-13 and comply with the Charity's Trust Deed and applicable law. GOVERNING DOCUMENT The Charity is governed by its constitution. which was adopted on 18 May 1992 and amended on 31 March 1994.30 June1999,18 September 2002,25 lune 2003,13 July 2005 and further amended on 15 Augusr 2(X)7. APPOINTMENTS OF TRUSTEES The Annual General Meeting of the Society shall elect not less than 8 and not more than 10 members. These elected members shall constitute the management committee of the society. TRUSTEE INDUCllON AND TRAINING New trustees under80 an orientation process to brief them on their legal obligations under Charity law, the Charitys governing documents, the committee and decision making proce55es, the business plan and recent financial performance of the Charity- During the induction process they meet key employees and other Trustees. Trustees are encouraged to attend appropriate external and internal training events which will assist them in carrying out their role. SATKAAR will continue to develop and strengthen the trustees governance and managernent structure by recruiting and electing to the management committee Trustees with appropriate financial. management and other relevant skills and expertise. ORGANISATION The Management committee of the Society rneet at least four times a year. The Management committee and SATKAAR'S day care 5etvice centre Officers are re5pon5ible for the day to day running of the centre. RISK MANAGEMENT The Trustees have risk management strategy whith comprises.. An annual review of the risk5 the Charity may face The establishment of the systems and procedures to mttigate those risks identified. The implementation of procedures designed to minimise any potential impact on the Chartty should those risks materialise. OBJECTtVES AND ACTrVITIES PRINCIPAL OBJE￿5 The object5 of the Charity shall be:_ IA) The Society is e5tabli5hed to promote the relief ol those tnembers of the Asian cornmunity in need by reason of age.youth. ill-health or of mental illness or the promotion and protertion of the mental health of sufferers of a recognised or diagnosed mental conéition or other disadvantage in any manner which now is or hereafter may be deemed by law to be for a charitable purpose and is for the public benefit wf(hin the boundaries of the County of Warwickshirelhereinafter called the area of benefit) in p3rticu13r, but without limitation by.. i. The prevention or relief of povertv- ii. The advancement of education. iii. The developrnent of health and Social care facilities to meet particular cultural need5. iv. The participation in health promotion scheme to encourage healthy eating and healthy living. v. The provision of advice, counseling and assistance which directly relieves the needs of the beneficiaries. vi. The advancement of culture. community development. citiien5hip. racial harmony or equality and diversity- vii. Any other PLJrposes charitable in law. Page 3 of 11 Docusign Envelope ID.. 387A981 F-67FE4DD2-BA37-D9482963D031 SATKAAR ASIAN ELDERS DAY CARE SERVICES TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2024 CONTINUED SIGNIFICANT AcfiviTIES SATKAAR has been serving the local Asian community for over the past two decades. The services which it has been providing to Asian elderly women have in the main been funded by the local authority-warwickshire County Council IWCCI. SATKAAR has been serving the local Asian community for over the past two decades. The services which it has been providing to Asian elderly women have in the main been funded by the local authority-warwickshire County Council IWCCI. Satkaar has been providing for last 14 years from 1st April 2002 social day care services to the elderly Asian women as well as men which are over the age of 60 assessed and referred by Local authority, so as the people continue to live in community rather than going to residential home. Under this agreement the county council was responsible for providing a grant to cover the staffing14 Staff members) with stipu lated skills and other premises cost (rent, heating, lighting and cleaning etc). Since the county council had lease with SYDNI Centre for 10 Years they were directly paying the rent to SYDNI Centre and invoices account for the premises services such as cleaning, Electricity, heating, water and other communal se￿ices. These invoices were submitted on 3 monthly ba51S through SATKAAR for checking by county council for recommended payment to SYDNI Centre. County Council terminated the contract on 31st March 2012.County Council offered an arrangement on following terms.. They will not pay any annual grant instead they will charge day care charges as per their standard Hourly rate to users who are referred to SATKAAR by county Council who attend day care services and send to county council on monthly basis in arrears and any user contributing making a weekly contribution are deducted from our invoices and the contribution payable by the people Who are assessed are directly collected by us and county council only pays for their attendance charges. Satkaar is responsible for the payment of premises for lease and all its services and this arrangement with County Council is for 4 Years. MONITORING OF SERVICE PERFORMANCE Service quality standard are monitored by the Chair of management Committee on an on-going basis and regular reports are provided to the management committee along with the financial and service development reports. Service user care plans are discussed and reviewed individually with the service users via staff on a quarterly basis to ensure that their care and other support is provided according to the assessed care plans. Annual service review is carried out by AH&CS to ensure that the care service is provided to the service users in accordance with the service specification of the SLA. In 2009 SATKAAR was adjudged offering Best Value for money day care services for elderly Asian women in accordance with the arrangement set out above and a5 per arrangement agreed with local authority. STAFF AND VOLUNTEER TRAINING AND DEVELOPMENT Staff and volunteers receive training on an on-going basis in the use of IT at work and basic first aid and other appropriate training to enhance their career development prospects. SATKAAR'S website is popular with people wanting to find out about SATKAAR and the services we provide {www.satkaar.co.ukl. Page 4 of 11 Docusign Envelope ID.. 387A981 F-67FE4DD2-BA37-D9482963D031 SATKAAR ASIAN ELDERS DAY CARE SERVICES TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2024 CONTINUED Satkaar service seeks to.. Promote the well-being of Asian elders and help make later life a fulfilling experience. Empower and support Asian elders to live independently and with dignity. Enable Asian elders to live independently and exercise choice by providing them with support. information and advice. Consult service users in the planning development and delivery of services to the Asian community, on an on-going basis. Promote healthy living and eating. Promote a caring and compassionate service through culturally appropriate provision of services; offering a highly committed workforce with high expertations of quality of service delivery with a commitment to confidentiality. Offer and conduct, on regular basis, independent customer satisfaction feedback surveys to improve the quality and standards of Delivery of care to the Se￿iCe users. Provide counseling, advice and support forthe well-being of Asian women suffering from mental health problems so as to enable them to live independently in the community. FINANCIAL REVIEW Ourtotal income for the Year ending 31st March 2024 wa5 £84,385 and expenditure £94,738.65 RESERVES POLICY AND PERFORMANCE have 3 months revenue expenditure. For this year 50K has been allocated for general reserves to coverthree month salaries. any redundancies & Notices and remaining is kept as capital reserves to cover our liability for the lease of premises. Any surplus in reserves fund is towards raising fund for buying and running the services from our premises. Active steps are being taken to further develop the existing services and new services such as service for Asian women suffering from dementia. DEVELOPMENT OF NEW SERVICES SATKAAR will be able to develop any acre services for Asian community which are funded jointly by the local authority and NHS as they have statutory duty to provide these se￿iceS. For any seNices which the local authority and NHS have no statutory duty to provide, SATKA4R will be looking for other funds and donor5 to provide funding. SATKAAR a5 a charity has no responsibility to use its own funds to provide any services to the community. Page 5 of 11 DocusvJn Envelope ID.. 387A9B1 F-67FE4DD2-BA37-D94B2963D031 SATKAAR ASIAN ELDERS DAY CARE SERVICES TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2024 CONTINUED PUBLIC BENEFIT STATEMENT The Trustees of the Charity confirm that they comply with the Charity's objects and Charity Commission's guidelines on the operations of the Public Benefit requirement under Section 4 of the Charities Act 2011. STATEMENT OF TRUSTEES, RESPONSIBILITIES Law applicable to Charities in England and Wales requires the Trustees to prepare financial statements for each fi nancial year that give a true and fair view of the Charity's financial activities during the year and of its financial position at the end of the year. In preparing those financial statements, the Trustees are required to.. a) Select suitable accounting policies and apply them consistently,. bl Make judgements and estimates that are reasonable and prudent; cl State whether applicable accounting standards and statements of recommended practice have been followed, subject to any departures disclosed and explained in the financial statements; dl Prepare the financial statements on a going concern basis unless it is inappropriate to presume that the Charity will continue in operation. The Trustees are responsible for keeping accounting records which disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Charities Act 1993,the Charity's Trust Deed and the requirements of the Charities SORP 2005.They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. APPROVAL This report was approved by the Trustees on 31st January 2025 and signed on their behalf by . SvJn•d by.. YaPaT 83C6D1ACD5C2498 Mr Tara Chair 31 January 2025 Page 6of 11 Docusign Envelope ID.. 387A981 F-67FE4DD2-BA37-D9482963D031 STATEMENTS OF FINANCIAL ACTIVITIES R THE YEAR ENDED IMAR 24 Unrestricted Restricted Funds Funds 2024 2024 Notes Total funds 2024 Total funds 2023 Incoming resources from generated funds Voluntary Income Donations and other incomes Activities for generating funds Meal Lharges to Customers Investment Income Rcntal Incom¢ from Prop¢rty Grants from HMRC Grants from Adult Health and Community service Misc Incorne Subscriptions ReceiTr'ed Annual Contractual grant Charges collection from service user (through WCC) Grants in kind.. Premises services costs Renl of day care centre premises Vegetarian kitchen rcnt Contribution towards catering unit cost 30,795.27 30,795.27 28,150.52 200.00 2,037.47 40.20 20,793.00 1.175.00 7.65 24,000.00 1,175.00 7.65 24,000.00 £7,265.70 £600.46 £7,265.70 £600.46 20.542.92 20,542.92 10,902.17 TOTAL INCOMING RESOURCES 84,387.00 84,387.00 62,123.36 RESOURCES EXPENDED Charitable Activities Governance cosls 3 88,378.65 4 6,360.00 94,738.65 88,378.65 6,360.00 94,738.65 63,103.38 8.954.42 72,057.80 TOTAL RESOURCES EXPENDED 0.00 NET INCOMING RESOURCES FOR THE YEAR -10.i51.65 0.00 -10,351.65 9,934.44 TheTe were no recognised gains or1055es for 2023-2024, other than those included in the Statement fiT]ancial Activities. All arnounts derive frorn continuing activities. Page 7 of 11 DocusvJn Envelope ID.. 387A9B1 F-67FE4DD2-BA37-D94B2963D031 FIXED ASSETS Property 7000(X).(Kl £7(K).(XX).(M) 700000 00 700,000.00 CIJRREl4tT ASSETS Bank c￿￿ent Account5 Funds on tenii dep05lt ILong terni F.D} Coventy Building Society illstatlt access accoullt Petty cash balance Debtors Propety Ad￿'ance Adult Healtl) & cotntnunity Seryice Contribution towards catering Contribuiion rowards de¢oraiion Ma￿rial costs Contribuiion towards legal Fees Meal iharges to cusromers Prepaid reni Insurance Prepaid rent - day care centre Prepaid rent- vegetarian kitchen 114.17 £63.88 4238.19 578.05 4,238.19 (:IIRRENT LIABILITIES Creditor and a¢¢ruals: Grant- watwiikshire Counry Council ioward culwral diversiry EN'ents for Asian Womell MHS Accountancy tees Book- keeping fees Telephone expenses Prepaid rent- ￿'¢getariall kitchen Wages 14168.82 13169.95 £1.5(Xl. 1500.(K) £642.98 21200. £1.072.89 NIC 38.584.69 -38.(KI6.64 661.993.36 14¥.266.10 14.669.95 -10,431.76 689.568.24 165,487.33 Currellt Assets less CurreDt Liabilities: Total Assets less l.'urreDt Liabilities: Long Term Liiibilities 0.00 524,080.91 Total Assets le$$ Tot41 Li4biiitie$: Represenied by.. RESTRICTED FLNDS I see n￿e 7} UNRESTRtCTED FUNDS I see noie 7) TOTAL FLNDS 513,727.26 3.5(Nl.(M) 510.•27.26 513,727.26 3,500.00 520,580.91 524.080.91 The fuL￿￿claI staletllellts were approved bythe T￿￿teeS on 31 January 202 5aDd SiBr*d ￿theI[bebalfbY. stgned by. YA4 PAI TA4 83C6DIACDSC2496 Mr Tara Chair Page 8of 11 Docusign Envelope ID.. 387A981 F-67FE4DD2-BA37-D9482963D031 SATKAAR ￿AN ELDERS DAY CARE SERVICES NOTESTO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 I. ACCOUNTING POUCIES al BA5150F PREPARATION OFACCOUNTS The financial statements are p￿pared underthe historiol coa convention in accordantrwith the Financial Reporting Standard for Smaller Entitie5 leffertwe April 20081 and The Charitie5 Art 2011. ID preparing the finan[ial 5tatementS the Charityfollow5 best practiie a5 laid down in the StateTnent of Recotnmended Prartiie"Aicounting and Reporting by Charitie5" ISORP 2(KlS1 i55ued in Marih 2W5. bl INCOMEAND EXPENDITURE In¢ominÈ resources are included Sn the Statement of Finan¢*l Artiwiiesvihen the Charity6leEaltyentitled to the income. Donated services are included at estimated marketvalue. Expenditure directlyattributable to specrfii actwities ha5 been included in the cost ￿tegorieS relatingtoth05e activfties. Certain other c05t5, including support costs, which are attributed to more than one activity have been allocated over c05tcategories and artwities on the ba515 of an estirnate of the time Spent on, benefit5 re￿Ned by,floor areas or estimated usage bythose actwitie5. CI FUND ACCOUNMNG The Charity's funds comprise.. Unrestricted Fund5- these are fund5 that can be used in accordancewith the Charity'50bject5 at the discretion of the Tru5tee5. Restricted Funds- these are funds that can only be used for particular purposes ¥￿thIn the objects of ihe Charity as spetified by the funders and includes funds raised for spe¢ific purposes. dl TAXATION SatkaarAsian Elders Day Care SerVI￿s is registered with the Charitycommission and underthe prowsionsof Sectitrn 505. Income and Corporation Taxes Act 1988. is exempt from liabilityto taxation. 2. OPERATING RESULTS 2024 2023 The operating re5ult5are stated aftercharging.. Independent Exatniners fees 7(X).IM) 7W.00 Unrestrirte Restrirted d Funds Funds 3. CHARITABLE ACTivmES Total 2024 Total 2023 Staff 105ts Inote 61 Travel and training expenses Support Costs (note 51 £48 3.74 48.223.74 36.170.24 0.00 ?6,938.14 63 103.38 40.1￿.9[ 88 378.65 88 j78.65 Pageg of 11 Docusign Envelope ID.. 387A981 F-67FE4DD2-BA37-D9482963D031 SATKAAR ASIAN ELDERS DAY CARE SERVICES NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 CONTINUED Restricted Funds 4. GOVERNANCE COSTS Unrestricted Funds Total 2024 Total 2023 Independent Examiner's fees Insurance Consultancy Legal Fees Book-keeping 700.00 1.994.64 1,776.78 803.00 3.680.00 8,954.42 £0. 2.880.(K) £0. 3.480.00 6.360.1 £0.¢ 2,880.00 £0. 3,480.00 6,360.00 5. SUPPORTCOSTS Rent and rates Advertisement Repairs and renewals Telephone TV licencel Sky Cost Volunteer expenses Sundry expenses Printing, stationery and postage Cleaning expense5 Food & pantry expenses Service users transport cost of outings Insurance Bank charges Bank loan interest Repairs & Renewals Legal & prof. fees 23.350. 23.350.00 10.300.00 150. 1.306.67 615.23 15.(KJ 3.982.32 150.(K 1,306.67 615.23 15.(K) 3.982.32 1.284.46 702.00 0.00 4,206.87 1.365.46 282.06 1.365.46 282.06 2.590.00 1,210.01 24.00 6,615 80 0.00 9.088_17 9,088.17 40.154.91 40,154.91 26.933.14 Disclosed as.. Charitable Activities 40.154.91 26.933.14 6. STAFF COSTS 2024 2023 Wages and salaries Social security costs 48,223.74 36,170.24 0.00 36,170.24 48,223.74 The average monthly number of staff employed, excluding trustee5, calculated a5 full time equivalent5, during the year was as follows= 2024 No. 2023 No. Administration and Advice Catering No employee received remuneration of more than £60.000. No remuneration or expense5 were paid to Tru5tee5 in either the current or previou5 year. Page 10 or li Docusign Envelope ID.. 387A981 F-67FE4DD2-BA37-D9482963D031 SATKAAR ASIAN ELOERS DAVCARESERWCES NOTESTOTHE AccovfiTS FOR THEYEAR ENDED 31 MAROI Z024 COWIINUED At 31st Marth 2024 7. STATEMENTOF FUNDS At 1st A ril 2023 Movements in Resourtrs Incotni oin Equity In property 520.580.91 84,385.LX) 94.738.65 510,227.26 Contingpncyfund forfuture Staff liabilitie5 Office equipment and intern81 modification Premises shared Servic￿ costs Caterins unit contribution of Adult Health and Cornrnunity Services Staff and volunteer training Rental fund Rental fund Kitchen New Serviies development initiative Mea15 char8e5 collectiOn5from Servi￿ users Total Restricted Funds 2.(KK).(K> 2.(KKI.( 1,5(K).LK> 1SW.LK 3,5(K>.(K> 3,5￿.[ Total Funds 524,1>80.91 84,385. 94,738.65 513,727.26 RESTRICTED FUNDS Contingentyfund Th15 fundw3stran5ferredto gene￿1 resen￿ aSthere¥￿S no rnare requiremEntto keep t￿Se. oiri¢eequipment ypdate This fvnd wa51ransferredio general re5erye asiherewds ￿ rnLwe requirementof ihik Premlses shared servlces