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2021-03-31-accounts

ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2021

Sikh Community Centre & Youth Club (SCCYC) Registered Charity No: 1056764

Address: 35-37 St James Mill Road I Northampton I NN5 5JW Telephone: 01604 475802 I Mobile: 07770 088568 Email: info@sccyc Website: https://sccyc.co.uk Facebook: SCCYC Northampton LinkedIn; SCCYC WATERSIDECONNECT Donations/l SCCYC FOOD AID I Localgiving

Multi-Award Winning Organisation -

‘Queens Award for Voluntary Service 2020’ MBE for Volunteer Groups

‘Rose of Northamptonshire Award 2021’ Northamptonshire County Council ‘Lifetime Achievement Award 2016’ Northamptonshire Community Foundation Bronze Award ‘National Resource Curriculums Supplementary Education’ SCCYC Annual Report 31 March 2021 ‘Northamptonshire Arts Consortium Awards - Multiple ‘Active Engagement, Best Music, Float Art ’

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IMPACT REPORT

Due to the continued pandemic restrictions, SCCYC reduced services to vital support and poverty only and prioritised the completion of the Waterside Connect Centre. This is projected in the lower impact numbers this year.

700 People were indirectly supported by SCCYC Services

400 People were directly supported by SCCYC Support Services

70 people Volunteered in SCCYC Services, £30,000 value of volunteering hours

2,000+ People indirectly supported by SCCYC awareness services through digital communication.

30 People supported by SCCYC Education & Training Services

2 SCCYC Service Recognition Awards

1 Management Board Award

120 People directly 2 Volunteer supported by Recognition Hot Food Awards Poverty Service

1 High Quality Multi-use Centre

30 Supporters & Partnerships

17 People directly supported by SCCYC Health & Well-being Services

18 Volunteers developed a high quality Museum

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SCCYC Annual Report 31 March 2021

RECOGNITION AWARDS 2020

'Queens Award for Voluntary Service

- MBE for Volunteer Groups

SCCYC received the Queens Award in 2020, the highest recognition voluntary groups can receive in the UK. The award was achieved in recognition of the dedication of diverse volunteers in delivering services throughout Northampton over 25 years! SCCYC pays tribute to the hard work and commitment of past and present volunteers, whose selfless efforts have had a positive impact in the Town and led to this recognition and award.

“I am so delighted that the Sikh Community Centre & Youth Club (SCCYC) has been awarded the ‘Queens Award for Voluntary Service. This is a fantastic acknowledgement of the wonderful work that your organisation is doing within the community”.

James Saunders Watson Lord Lieutenant of Northamptonshire .

“Your hard work in the community and the way you work your volunteers is exemplary. The impact on the community is immense and, as goes with this kind of work, beyond what you can measure”.

Rachel Mallows MBE, Lord Lieutenant.

‘Rose of Northamptonshire Award’

Received for dedication to the safety of the community throughout the coronavirus pandemic. The award was presented to SCCYC for its covid-19 critical response project which provided emergency food parcels, resources and referrals from the start of the pandemic in March 2020.

“ I have been so impressed by the outstanding work of SCCYC are undertaking to support those in need during the crisis. My heartfelt thanks and appreciation to you and your team for all that you do to improve the lives and give hope to those who you are reaching out to”.

Paul Parson, High Sheriff of Northamptonshire.

SCCYC Annual Report 31 March 2021

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SCCYC BACKGROUND

Background

The Sikh Community Centre & Youth Club (SCCYC) was formed in 1996 to provide services that other organisations were unable to provide to Sikhs living in Northamptonshire. SCCYC is now recognised as an innovative and strong forefront organisation that provides quality services to the Sikh, local and wider communities of Northamptonshire.

The Vision

SCCYC exists to meet the support, social, educational, health and cultural needs of the community by involving community members in shaping their own lives.

Mission

To develop a multi agency and cross sector resource centre in Northampton that provides a one-stop solution to:

Aims & Objectives

To improve the quality of life of all inhabitants of Northamptonshire through the structured provision of support services and development activities to diverse backgrounds in a safe environment. Specific aims are to:

SCCYC Waterside Connect

SCCYC’s Community Hub, the ‘Waterside-Connect Centre’ on St James Mill Road is complete. The Centre is centrally located in the Waterside Enterprise Zone and serves residents from inner Town Centre, St James Ward, Castle Ward, as well as the Sikh Community and wider BAME communities of Northamptonshire.

Our diverse beneficiaries reside in the lowest 1%-10% indices for multiple deprivation: severe poverty, mental and physical health inequality and face isolation and migration challenges.

Our stakeholders have requested the expansion and tailoring of existing services for an all-round approach under one roof.

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SCCYC Annual Report 31 March 2021

SCCYC TEAM

Trustees and Management Board

SCCYC Structure includes executive trustees that are responsible for the overall assets of SCCYC. Harinder Singh is a multi-business man and Amarjit Atwal a director at Chamber of Commerce and logistics.

SCCYC’s Management Board is a strong, long standing and successful combination of people with professional backgrounds, experience and diverse skills. They continually strive to provide robust governance, strong leadership, and structured systems and policies towards achieving a professional and sustainable organisation. The team welcomes innovation and creativity to achieve its goals of a flourishing charity that benefits all communities.

Chair Harjinder Kooner Head of Global Risk Management Systems at HSBC
Secretary Kuljit Bhangra Actuary - Associate Director
Treasurer Jagjit Shairi Management Accountant
Vice Treasurer Tarndeep Minhas Clinical Representative
Fundraising Amarit Sandhu Chartered Accountant
IT Systems Rupinder Thind Solutions Architect
Elders Services Charanjit Grewal Retired Social Worker
Youth Service Harpreet Jawanda University Student
Children’s Services Manjinder Atwal Primary School Teaching Assistant

Our Volunteers

SCCYC is a volunteer led organisation with an average of 60 regular committed volunteers from diverse communities and age ranges. The volunteers are provided with inductions, certified training, leadership opportunities, expenses, appreciation events and achievement awards. We also provide references, opportunity to enhance CVS’s and goals coaching.

The volunteers are key in the planning, implementation and evaluation of services. SCCYC’s Volunteering Scheme contains robust structures and a volunteer recruitment pack to equip volunteers to lead services. This scheme gains support from ‘Voluntary Impact Northampton’.

Our Management Staff

Our Development Manager, has 18 years' experience of successfully devising strategy and securing funding towards organisational development and managing SCCYC operations. She has completed a Specialist Degree in ‘Managing Voluntary & Community Organisations’ towards achieving our continued growth plans.

SCCYC Annual Report 31 March 2021

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PARTNERSHIPS

SCCYC would like to thank its local, regional and national partners. SCCYC volunteers and staff dedicate a substantial amount of time and effort to build strong partnerships with all sectors: funding bodies, voluntary, public and private sectors. This is vital to SCCYC’s strength and to fulfilling its aims and values, as follows:

“….Positive impact of their work and activities which include direct support services for all communities in addressing poverty”.

Rachel McGrath, Deputy CEO Northamptonshire Community Foundation

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THANK YOU TO OUR REGULAR SUPPORTERS:

Siri Guru Singh Sabha Gurdwara Northampton I PRP Architects I Bhangals Construction I Hope Enterprises I Food Aid Alliance I Local Residents Associations I Association of Supplementary Schools I SACRE I Northamptonshire Police I Northamptonshire Action for Youth Clubs I Northampton Food Banks I Voluntary Impact Northampton I University of Northampton I Northampton Carnival Arts Consortium I Northamptonshire Community Foundation I Northampton Borough Council Forums I The Lord Lieutenant Northamptonshire I The High Sheriff Northamptonshire I Northamptonshire Camber of Commerce I Museum Development East Midlands I Northamptonshire Heritage Forum I Local Support Agencies I Local community organisations I East Hunsbury Knitters I Sikh Museum Initiative I Local Businesses: Farm Foods I Go Dharmic I Shop Zero I Waitrose I Lassaan I Shepherd & Co I Abington Place I And many more…

SCCYC Annual Report 31 March 2021

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STAKEHOLDER FEEDBACK

Collated from surveys, focus groups and service feedback evaluations (2019-2020)

Issues faced by service users:

  1. Universal credit claims declined – no next step guidance supplied

  2. Mandatory reconsideration of universal credit – status unknown

  3. Complex welfare guidance support not available and lack of language/cultural support

  4. Pre settlement status for European nationals

  5. Stress and anxiety management and lack of mental heath support

  6. Medication self-management concerns

  7. Debt advice: consolidation of loans

  8. Lack of mental health support

Our beneficiaries service needs:

In November 2017, SCCYC undertook a full stakeholder survey to obtain feedback from partners and collaborators in regards to previous work carried out and how well working relationships were fulfilled/ maintained

87.59% of Stakeholders said, “We have a Good Working Relationship with SCCYC” 99.47% of Stakeholders said, “ SCCYC provide a High to Good Quality Service”

86.9% of Stakeholders said, “We would use the New Community Centre Building”.

“All interaction with the SCCYC Representatives is always positive and helpful. Staff are happy to help and support other community group events.”

“There is a passion that is unique to you as a team in Northants and that feels like genuine desire for change. After the strategic training, I’ll offer my in-kind support and years of experience in helping you to realise your ambition, which when successful can become a Beacon for all Sikh communities in the UK for how to develop community centres for the good of all society".

Humraaj Singh, Sparrow Hawk Consultants

SCCYC Annual Report 31 March 2021

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POVERTY SERVICE

impact to many people’s lives financially, health wise, social isolation impacting wellbeing and the unfortunate loss of lives. One year later, the Food Aid service has become a large-scale operation with the support of diverse volunteers, communities, supportive partnerships and dedicated support staff.

SCCYC Food Aid works in a multi-agency approach providing: weekly food parcels, hot food, vital resources and equipment to disadvantaged, vulnerable people and rough sleeper in the town. Additionally, SCCYC provides referrals, befriending, and BAME support to meet culture specific needs.

SCCYC Poverty Service gained ‘Rose of Northamptonshire Award’ in January 2020 for dedication to the safety of the community throughout the coronavirus pandemic. Northamptonshire’s Lord Lieutenant, High Sheriff and County Council presented SCCYC with the award for its covid-19 response programme on January 21st.

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SCCYC Annual Report 31 March 2021

SUPPORT SERVICE

29 poverty disadvantaged and vulnerable people have been directly supported with referrals, sign posting and be-friending this year. Issues range from financial difficulty, single parenting, domestic violence, interpersonal abuse and bereavement. BAME women have been provided with culture specific support.

SCCYC has created a welcoming reception to great service users, provide sign posting and hold assessments to identify support required.

for personalised support for vulnerable people, particularly BAME communities that have language barriers and cultural empathy needs to progress from start to finish.

SCCYC Health & Wellbeing

16 BAME Women accessed Indian Yoga gaining flexibility, physical and mental health benefits, as well as, much needed social interaction after the covid-19 isolations.

The new community gym and changing facilities are nearly complete to help improve physical wellbeing and will have tailored timings to accommodate varying age and gender groups.

SCCYC Youth Social Action

13 young people were supported through youth social action. Young people that have left care were provided with weekly food parcels and resources. Young people helped to volunteer in food aid, held fundraising initiatives and volunteered remotely on various project planning tasks, giving them a positive focus in lockdowns. The project assisted them to gain references for employment and volunteering awards, such as the Duke of Edinburgh Award to enhance their CV’s.

SCCYC Education & Training

15 unemployed people gained confidence and soft skills in a supportive environment. Due to the pandemic, the focus was on practical development, whilst volunteering, online certified training and enhancing CV’s were focussed towards earning.

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SCCYC Annual Report 31 March 2021

SIKH MUSEUM NORTHAMPTON (SMN)

High Quality Museum - With the support of the Heritage Emergency Fund, SCCYC was able to stabilise and sustain the Museum at this unprecedented time. The support allowed for safe relocation and storage of the heritage exhibitions at the new Waterside Connect Centre until the Museum build was completed.

Additional capital funding from Heritage Fund made it possible to produce a high quality finished Museum, storage room and Lift which was vital for access to the first floor educational centre. The support has made a substantial difference allowing us to complete the project to a high standard within the set deadline.

#NationalLotteryHertiageFund #ThanksToYou

16 Volunteers worked on the 'Sikhs of Northampton - Celebrating 60 Years!’ heritage project in the midst of the pandemic. The project is capturing some amazing stories and preserving them for future years. There are stories of migration and integration challenges; and core values such as volunteering which has contributed to community accomplishments. The exhibition will exhibit high quality past projects in a heritage trail, display related objects and will have interactive activity towards active engagement.

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SCCYC Annual Report 31 March 2021

SUPPLEMENTARY EDUCATION

Due to the pandemic, the supplementary education activities were put on hold. The management board, staff and volunteers utilised the time to plan the services, ready for opening in Autumn 2021. SCCYC:

Punjabi School

Funding for the classrooms, tutor salaries, training, key resources and digital resources has been secured and a project plan entailed to aid learning to GCSE level qualification and extra-curricular education.

Sikh Education

A high quality Museum, library and digital technology has been developed to teach core values, education, citizenship and to promote community cohesion. Visitors can access guided tours, workshops and exhibitions.

Music & Arts

We hope to resume music classes, performing arts and creative arts activity from October 2021, so that children can once again learn artistic skills, gain confidence from stage performances and gain enjoyable experiences.

BUSINESS & ENTERPRISE

Venue Hire

The Waterside-Connect Centre boasts modern facilities for training, business, and enterprise, with all profits dedicated to supporting social impact services for those most vulnerable in Northampton and towards sustaining the organisation. Hire facilities include: conferencing, meetings, events, exhibitions, training and workshops.

Catering Enterprise

SCCYC’s trading arm, ‘Punjabi Fusion CIC’ will fill a gap in local existing services by providing a fusion of East meets West healthy lacto-vegan catering. The social impact of the CIC is to provide free and concession food to people living in poverty and to work towards sustaining poverty services. Three Year strategic, business, financial and operational plans are in place. Marketing & PR materials are being devised ready for operations in Autumn 2021.

Trading Ventures

The Sikh Heritage Shop has been relaunched with plans for expansion to generate income towards museum maintenance. Equipment hire of tables, chairs and musical instruments has also continued to bring in a steady income, which is also used towards sustainability of diverse services.

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SCCYC Annual Report 31 March 2021

FINANCIAL REVIEW

Accounts 2020-21

DETAILS AMOUNT
Grants, Donations, Trading £324,342
Services and Running Costs £148,409
Projects and building grants
Contingency		 £304,579
£19,471
Current and Savings £176,553

Financial Summary

In the midst of a Pandemic the last 12 months were the most successful for SCCYC from a financial perspective with Income rising by 84% from 175k to 324k which allowed us to move into our new building at St James Mill road. This is a significant achievement and would not have been possible without the tremendous financial support from our various funders (Heritage Fund £140,840; NLCF CCSS Fund £98,875; Defra Fund £23,550; Awards for All £10,000; Wrap Fund £10,000; Northamptonshire Community Foundation £5,964; Edward Goslin Fund £5,000; Rank Foundation £4,000; Councillor Funds £1,800; Northants Sport £1,500; Grantscape £2,550; Percy Bilton £500) and our partnerships, donors and our ever growing volunteer base. Our grant income increased from 160k to 304k with key contributions from Heritage Fund, National Lottery Fund and Defra Fund.

The COVID 19 backdrop has resulted in SCCYC incurring delays in being able to fully complete some aspects of our building work and services.

We have been able to fit out the Museum, largely complete the work in respect of the conference rooms and classrooms/meeting rooms. We now have a purpose built gym which will open once COVID 19 restrictions are eased as well as making good progress to have 3 purpose built meeting/classrooms and a conference centre which will enable us to execute on our strategic objectives to diversify our income stream

In addition the Food Bank has been well established and is pivotal in a lot of what we do with an increase in our support and poverty services to respond to the impact of Covid-19 on disadvantaged members of the local and wider Northamptonshire community by significantly increasing our provision of dry, fresh, and hot food banks.

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SCCYC Annual Report 31 March 2021

Sustainability

The SCCYC management have developed robust strategies towards an effective and sustainable future at the Waterside-Connect Centre. The plans are reviewed regularly to ensure feasibility, which include:

Signed on behalf of the Management Board

Harjinder Kooner Chair

Date: 30th January 2022

SCCYC Annual Report 31 March 2021

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sccyc WATERSIDE..CONNECT CONNECTING COMMUNITIES

Charity Registration No. 1056764

SIKH COMMUNITY CENTRE & YOUTH CLUB SCCYC ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2021

SIKH COMMUNITY CENTRE & YOUTH CLUB SCCYC

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees

H S Kooner T Minhas J Shairi K Bhangra

Charity number 1056764 Principal address SCCYC Waterside Connect 35-37 St James Mill Road Northampton NN5 5JW

Independent examiner

Jervis & Partners 30 Harborough Road Kingsthorpe Northampton NN2 7AZ

SIKH COMMUNITY CENTRE & YOUTH CLUB SCCYC

CONTENTS

Page
Trustees' report 1
Statement of trustees' responsibilities 2
Independent examiner's report 3
Statement of financial activities 4
Balance sheet 5
Notes to the financial statements 6 - 13

SIKH COMMUNITY CENTRE & YOUTH CLUB SCCYC

TRUSTEES' REPORT

FOR THE YEAR ENDED 31 MARCH 2021

The trustees present their annual report and financial statements for the year ended 31 March 2021.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Charities Act 2011 and "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 review

The trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.

Structure, governance and management

The charity is controlled by it's governing document, a deed of trust and constitutes an unincorporated charity.

The trustees who served during the year and up to the date of signature of the financial statements were: H S Kooner

T Minhas

J Shairi K Bhangra

The trustees' r eport was approved by the Board of Trustees.

H S Kooner

Trustee Dated: 16 January 2022

SIKH COMMUNITY CENTRE & YOUTH CLUB SCCYC

STATEMENT OF TRUSTEES' RESPONSIBILITIES

FOR THE YEAR ENDED 31 MARCH 2021

The trustees are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that year.

In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping sufficient accounting records that 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 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. 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.

SIKH COMMUNITY CENTRE & YOUTH CLUB SCCYC

INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF SIKH COMMUNITY CENTRE & YOUTH CLUB SCCYC

I report to the trustees on my examination of the financial statements of Sikh Community Centre & Youth Club SCCYC (the charity) for the year ended 31 March 2021.

Responsibilities and basis of report

As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (the 2011 Act).

I report in respect of my examination of the charity’s financial statements carried out under section 145 of the 2011 Act . In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

Since the charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of ICAEW, which is one of the listed bodies.

Your attention is drawn to the fact that the charity has prepared financial statements in accordance with Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn.

I understand that this has been done in order for financial statements to provide a true and fair view in accordance with Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.

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:

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 financial statements to be reached.

Jervis & Partners

30 Harborough Road Kingsthorpe Northampton NN2 7AZ

Dated: 16 January 2022

SIKH COMMUNITY CENTRE & YOUTH CLUB SCCYC

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2021

Unrestricted
Restricted
funds
funds
2021
2021
Notes
£
£
Income and endowments from:
Donations and legacies
3
-
304,579
Other trading activities
4
8,355
-
Investments
5
13
-
Other income
6
11,395
-
Total income
19,763
304,579
Expenditure on:
Raising funds
7
148,409
-
Total resources expended
148,409
-
Net (outgoing)/incoming
resources before transfers
(128,646)
304,579
Gross transfers
between funds
126,990
(126,990)
Net (expenditure)/income
for the year/
Net movement in funds
(1,656)
177,589
Fund balances at 1 April 2020
33,747
285,905
Fund balances at 31 March
2021
32,091
463,494		 Total Unrestricted
Restricted
funds
funds
2021
2020
2020
£
£
£
304,579
3,713
160,351
8,355
9,068
-
13
33
-
11,395
2,416
-
324,342
15,230
160,351
148,409
(109,172)
159,376
148,409
(109,172)
159,376
175,933
124,402
975
-
(124,709)
124,709
175,933
(307)
125,684
319,652
34,054
160,221
495,585
33,747
285,905		 Total
2020
£
164,064
9,068
33
2,416
175,581
50,204
50,204
125,377
-
125,377
194,275
319,652

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

SIKH COMMUNITY CENTRE & YOUTH CLUB SCCYC

BALANCE SHEET

AS AT 31 MARCH 2021

2021
Notes
£
Fixed assets
Tangible assets
11
Current assets
Cash at bank and in hand
176,553
Creditors: amounts falling due within
one year
13
(144,462)
Net current assets
Total assets less current liabilities
Income funds
Restricted funds
Unrestricted funds		 £
463,494
32,091
495,585
463,494
32,091
495,585		 2020
£
96,001
(62,254)		 £
285,905
33,747
319,652
285,905
33,747
319,652

The financial statements were approved by the Trustees on 16 January 2022

H S Kooner

Trustee

SIKH COMMUNITY CENTRE & YOUTH CLUB SCCYC

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

1 Accounting policies

1.1 Accounting convention

The financial statements have been prepared in accordance with the charity's governing document, the Charities Act 2011, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "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). The charity is a Public Benefit Entity as defined by FRS 102.

The charity has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows.

The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.

The financial statements are prepared in sterling , which is the functional currency of the charity . Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.2 Going concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity.

1.4 Income

Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

SIKH COMMUNITY CENTRE & YOUTH CLUB SCCYC

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021

1 Accounting policies

(Continued)

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.

Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.

1.5 Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold land and buildings

NIL

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities .

1.6 Impairment of fixed assets

At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any ) .

1.7 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future p aymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

SIKH COMMUNITY CENTRE & YOUTH CLUB SCCYC

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021

1 Accounting policies

(Continued)

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity ’s contractual obligations expire or are discharged or cancelled.

1.8 Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.9 Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2 Critical accounting estimates and judgements

In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3 Donations and legacies

Restricted Unrestricted Restricted Total
funds funds funds
2021 2020 2020 2020
£ £ £ £
Grants 304,579 3,713 160,351 164,064

SIKH COMMUNITY CENTRE & YOUTH CLUB SCCYC

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021

3
Donations and legacies
Grants receivable for core activities
Heritage fund
NLCF CCSS Fund
Defra Fund
Awards for All
Wrap Fund
Northamptonshire Community Foundation
Edward Goslin Fund
Rank Foundation
Councillor Funds
Northants Sport
Other
Grantscape
Percy Bilton
4
Other trading activities
Activity fees
Fundraising activities
Other donations
Other trading activities		 140,840
98,875
23,550
10,000
10,000
5,964
5,000
4,000
1,800
1,500
-
2,550
500
304,579		 (Continued)
-
34,800
34,800
-
-
-
-
-
-
-
-
-
-
-
-
-
4,906
4,906
-
-
-
-
-
-
-
-
-
-
-
-
3,713
120,645
124,358
-
-
-
-
-
-
3,713
160,351
164,064
UnrestrictedUnrestricted
funds
funds
2021
2020
£
£
-
1,255
4,701
7,476
3,654
337
8,355
9,068

4 Other trading activities

SIKH COMMUNITY CENTRE & YOUTH CLUB SCCYC

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021

5 Investments

Unrestricted Unrestricted
funds funds
2021 2020
£ £
Interest receivable 13 33
Other income
Unrestricted Unrestricted
funds funds
2021 2020
£ £
Employment allowance 11,395 2,416

6 Other income

SIKH COMMUNITY CENTRE & YOUTH CLUB SCCYC

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021

7 Raising funds

UnrestrictedUnrestricted
Restricted
funds
funds
funds
2021
2020
2020
£
£
£
Trading costs
Support costs
148,409
(109,172)
159,376
148,409
(109,172)
159,376
Support costs
Support
costs
Governance
costs
2021
Support
costs
Governance
costs
£
£
£
£
£
Staff costs
66,185
-
66,185
33,141
-
Sundries
1,199
-
1,199
2,947
-
Gas
3,995
-
3,995
425
-
Electricity
2,275
-
2,275
886
-
Telephone
1,410
-
1,410
604
-
IT consumables
3,810
-
3,810
-
-
TV license
-
-
-
155
-
Stationery
1,706
-
1,706
-
-
Insurance
1,268
-
1,268
893
-
Ricoh capital
-
-
-
1,001
-
Venue hire
9,502
-
9,502
2,491
-
Professional charges
17,049
-
17,049
6,829
-
Bank charges
128
-
128
99
-
Health & safety costs
2,253
-
2,253
-
-
Volunteering and training
2,442
-
2,442
-
-
Resources & equipment
35,187
-
35,187
-
-
Repairs
-
-
-
95
-
Xero software
-
-
-
638
-
148,409
-
148,409
50,204
-
Analysed between
Trading
148,409
-
148,409
50,204
-		 Total
2020
£
50,204
50,204
2020
£
33,141
2,947
425
886
604
-
155
-
893
1,001
2,491
6,829
99
-
-
-
95
638
50,204
50,204

8 Support costs

9 Trustees

None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.

SIKH COMMUNITY CENTRE & YOUTH CLUB SCCYC

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021

10 Employees

The average monthly number of employees during the year was:

Employment costs
Wages and salaries
Social security costs
Other pension costs		 2021
Number
2
2021
£
61,204
4,127
854
66,185		 2020
Number
1
2020
£
30,121
2,416
604
33,141

There were no employees whose annual remuneration was more than £60,000.

11 Tangible fixed assets

Freehold land and
Cost
At 1 April 2020
Additions
At 31 March 2021
Carrying amount
At 31 March 2021
At 31 March 2020
Loans and overdrafts
2021
£
Bank loans
46,250
Payable within one year
46,250		 buildings
£
285,905
177,589
463,494
463,494
285,905
2020
£
-
-

12 Loans and overdrafts

SIKH COMMUNITY CENTRE & YOUTH CLUB SCCYC

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021

13 Creditors: amounts falling due within one year

Bank loans
Other taxation and social security
Other creditors
Accruals and deferred income
14
Analysis of net assets between funds
Unrestricted
funds
Restricted
funds
2021
2021
£
£
Fund balances at 31
March 2021 are
represented by:
Tangible assets
-
463,494
Current assets/
(liabilities)
32,091
-
32,091
463,494		 Notes
12
TotalUnrestricted
funds
2021
2020
£
£
463,494
-
32,091
33,747
495,585
33,747		 2021
£
46,250
829
97,083
300
144,462
Restricted
funds
2020
£
285,905
-
285,905		 2020
£
-
2,302
59,652
300
62,254
Total
2020
£
285,905
33,747
319,652

15 Related party transactions

There were no disclosable related party transactions during the year (2020 - none) .