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2023-03-31-accounts

sccyc WATERSIDE:CONNECT CONNECTING COMMUNITIES ANNUAL REPORT YEAR END 31 MARCH 2023 Sikh Community Centre & Youth Club SCCYC Registered Charity No: 1056764 info@sccyc.co.uk 07770 088568 1 01604 475802 sccyc www.scc c.co.uk Illl @sccycwatersideconnect U 35-37 st James Mill Road, NN5 5JW WATERSIDE..CONNECT CONNECTINGCOMMUNITIES 8:Illocal ivin eaVSCCYC FoodAidl

SCCYC collect and collate data in quantitative and qualitative methods to monitor all services to ensure outputs, outcomes and quality services are delivered.

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Our Impact
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2,200
3
5,000+ People People were 23
58
People directly
indirectly supported indirectly
Partnerships
supported by SCCYC
by SCCYC awareness supported by
SCCYC Health & Well-being
services, events and SCCYC Services
Services
Service
digital engagement
Recognition
Awards
324
People directly 66
People supported
supported by SCCYC Food
by SCCYC Education &
Aid Service, Resources,
39 Training Services
Emergency Aid Campaigns
956
67
people Volunteer accessed
6,000
Volunteered in
48 Recognition visited the venue
People were
SCCYC Services,
Awards Sikh Museum hire/catering -
directly supported by
£35,000 value of new Social
Northampton
SCCYC Welfare Service
volunteering hours
Enterprise Hub
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Our Services
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Welfare
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Sustainability Wellbeing
Heritage
Skills
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An established innovative community hub providing vital needs led support for Northampton’s diverse community.

Core values led organisation, promoting socio, health, gender and racial equality.

Centre for enterprise where all profit is dedicated to the social benefit of disadvantaged communities.

Achievement Awards 2023

The Mayor of Northampton Certificate for Volunteering

Presented to our volunteers in May 2023, for their substantial voluntary work entailed within all SCCYC services.

SME Press Release: The UK Enterprise Awards showcases a selection of SMEs of varying sizes, strengths, and interests, in order to showcase the sincere hard work carried out across the UK.

With tremendous passion and drive, these businesses – and the individuals that they are made up of – demonstrate just how fantastic we can be as a collective. With a proud stance, our winners are the sturdy yet flexible backbone of the UK.

SME News prides itself on the validity of its awards and winners. The awards are given solely on merit and are awarded to commend those most deserving for their ingenuity and hard work, distinguishing them from their competitors and proving them worthy of recognition.

SCCYC won the Best Music Award and Runner Up for Floats audience engagement in Northampton Carnival!

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

Peoples’ lives are saved and changed and reactions to your news is an example of your reputation built up over years of hard work. Service driven by your faith is evident in all you do. It is a special and precious gift from you to the town.

We are grateful for the Recognition

Thank you!”

Vice Lord Lieutenant of Northamptonshire

Background

Aims & Objectives

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:

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:

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

Our Team

Trustees and Management Board

Executive trustees are responsible for the overall assets of SCCYC and overall executive decision making. Harinder Singh, Nirmal Chandi, Sean Sidhu-Brar, Resh Diu are professionals and successful local multibusinesspeople. Charanjit Grewal is a qualified and experienced retired social worker.

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

Chair Harjinder Kooner Managing Director, HSBC Bank plc
Secretary Kuljit Bhangra Actuary - Associate Director
Treasurer Jagjit Shairi Management Accountant
Vice Treasurer Tarndeep Minhas Clinical Representative
IT Systems Rupinder Thind Senior Architect
Elders Services Charanjit Grewal Retired Social Worker
Youth Service Harpreet Jawanda University Student

Our Staff

Our Development Manager, has 19 years' experience of successfully devising strategy and securing funding towards services, organisational development and managing SCCYC operations. She has completed a Specialist Degree in ‘Managing Voluntary & Community Organisations’ to implement our services, continued growth and sustainability plans. We contract qualified and experienced sessional staff to deliver specific projects and services in a professional and user led manner.

Our Volunteer Leaders

SCCYC is a volunteer led organisation, volunteers co-design and help to manage and deliver all aspects of services. Most of our volunteers are long standing and enjoy their roles and gain friendships, skills and sense of belonging and achievement.

Our Partners

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

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23 Informal
Partnerships
130 Donors
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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 to provide a joined-up approach to service delivery.

Our partners include funding bodies, individuals, and voluntary, public and private sectors.

Rachel McGrath, CEO Northamptonshire Community Foundation

Our Stakeholders

People receiving critical support, such as food, hygiene products, toiletries or complex welfare support

SCCYC conduct annual stakeholder surveys and continual feedback from service users to ensure high quality needs led services are delivered. Qualitive and Quantitive data is recorded, evaluated, reported and the relevant improvements implemented.

Issues faced by service users:

Service Needs:

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1800
1600
1400
1200
1000
800
600
400
200
0
Year 1 Year 2 Year 3
Actual (Annual) Actual (Cumulative) Project End Target
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Table 1 and 2 demonstrate the support provide from October 2022 – April 2023 to address need.

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3 Year Programme
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5,480 0utput (2022-2024)

Programme Aims:

Delivery outcomes £138,000 (October 2022-March 2024):

Annual Feedback over 11 years showed a gap in local globalised service provision. There has been an urgent need for personalised support for vulnerable, poverty disadvantaged and BAME communities, particularly those that have language barriers and cultural empathy needs to progress from start to finish.

To address this long-standing gap, and to address the even more critical issues caused by the pandemic - SCCYC took action to secure and deliver a needs led, personalised 3 year ‘Connecting Critical Programme’, £340,026 funded by National Lottery Reaching Communities fund.

Case Study

4 people transitioned from poverty

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Volunteering
Food Aid Welfare Wellbeing Thematic Employment
& Training
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A European woman accessed SCCYC Food Aid due to financially difficulty. Upon assessment by our food aid officer, it was identified that the woman had complex benefits issues and multiple other issues. Our welfare officer befriended the very vulnerable woman to build trust so that she could support her with welfare support. She supported her with benefits, housing and legal challenges. The woman was also coached by our wellbeing officer to work on her anxiety and to work towards building confidence and to plan and achieve her personal and professional goals.

Only 5 months later the woman’s welfare issues were all addressed, and she built confidence and wanted to give back, so she started volunteer at SCCYC. We then offered her certified short courses so that she could source employment as her long-term goal was to earn to become financially independent and to prove to social services that she was stable, emotionally and financially to get her children back out of care.

She noticed we had ad hoc earning opportunities and applied for the role using her employment training. She was successful and built enough confidence and skills to source external employment. The woman is now earning and has her children back at home. ☺ The woman continues to visit, asks for sustainable support and supports us with our services.

Client

Transitioned from Poverty to Employment

324 Clients

SCCYC Food Aid

40% of clients transitioned

80% of clients suffer multiple complex issues. Clients include families, individuals, young people, rough sleepers, university students, pensioners, and isolated people. Care is taken to tailor services to meet client's needs.

from Critical Food Aid after the detrimental impact of the pandemic. In Year 3, SCCYC Food Aid has worked in a multi-agency approach providing weekly food and assisting over 200 clients into non reliance on emergency services.

“Thanks for being there from day one. Since I’ve been struggling, you have been a God send, with food, clothing and self-care bags. I will forever be grateful. I’ve never been shown so much kindness in my life by everyone. Wonderful people.”

Female Food Aid Client with young children.

SCCYC Welfare

48 Clients

Multiple Issues

Approx. 2,200 Awareness

Pandemic impact, poverty, benefits issues, emotional health, physical health, addictions, abuse, trauma, housing, migration challenges, language/cultural barriers, cost of living crisis, social isolation.

Support for effective and long-term impact in addressing multiple complex issues.

✓ Personalised ✓ Tailored

Approx. 2,200 people accessed Sunday Support Surgeries which raised awareness and provided sign posting.

48 clients received direct support to address complex issues and to stabilise them financially.

✓ Long Term ✓ Collaborative

CASE STUDY –

SCCYC Welfare service assisted a vulnerable woman who desperately suffered from multiple complex issues. She was from an abusive relationship, she was self-harming and suffered from anxiety, depression, OCD. We listened to her and befriended her; we built trust which made her feel comfortable to accept help. We provided her with a SIM card for her mobile credit to communicate with us; we resolved her benefits issues by working with DWP. We referred her to Adult Social Care, mental health teams and we sign posted her to counselling services, self-help apps, free skills courses, and a crisis café.

The woman has gained confidence, received benefits, learned skills and is currently working towards independent living!

Vulnerable Female client suffering from multiple complex issues.

SCCYC Wellbeing Hub

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58 service
users
60 accessed
events
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“ You have saved my life, my wife passed away, the staff talk to me and check on me when I am unwell, I have somewhere to go now, you are my family now”.

Mind-Body-Soul Programme

Senior Gym/Wellbeing Hub Member

Much more than just a Gym

SCCYC Thematic Groups

Tackling Inequalities

✓ Socio ✓ Health ✓ Gender ✓ Race

We run thematic groups such as a Youth/Kids clubs, senior group, women's events and wellbeing events. We also take part in local forums such as WNC women’s, interfaith and diverse communities forums, to promote and support social connection, social prescribing, and skills development. The social groups naturally start to give back by volunteering for campaigns and making positive change in the community.

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Youth Club
Social
Action
Healthy
Heart
Campaign
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Womens
Support &
Awareness
Interfaith
Community
Cohesion
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Approx.
1,700
Participants
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SCCYC Heritage & Arts

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127 Service
Users
Approx.
6,000
Audiences
4 passed
GCSE
Punjabi
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✓ Core Values, Citizenship, Community Cohesion

✓ GCSE Curriculum – Punjabi & RS Studies Support

✓ Sikh-Punjabi Heritage & Performing Arts

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Approx 6000 people 2,100 People attended 835 young people
from diverse Heritage Events: from schools, scouts
communities, visited Vaisakhi; V&A Museum; and youth clubs took
the Sikh-Punjabi Heritage Open Day; part in facilitated
Heritage Museum. Punjabi Teeyan Mela. Tours and Talks.
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The exhibitions preserve and share our rich heritage and skills for the future generations and to enjoy in the present. The Sikh and core equality values aim is to break down barriers towards an inclusive and cohesive society.

67

Volunteering & Skills Development

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Volunteers
Approx.
35,000 hrs
11
Training
Courses
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Feedback on the benefits of Volunteering:

SCCYC venue hire and inhouse catering has with approx. 956 delegates accessing the service this year.

The Heritage Gift Shop has been relaunched with plans for expansion to generate income towards museum maintenance.

We have trialled a ‘Wellbeing in the Workplace’ venture to generate income to . provide wellbeing services for free to disadvantaged people

WATERSIDE CONNECT ENTERPRISES

Giving Back to the Community

The greatest thing about supporting SCCYC Enterprises is that all profits are dedicated towards supporting Food Aid which currently supports over 400 poverty disadvantaged and vulnerable people in the Town.

Conferencing Facilities

Inhouse Catering

Wellbeing In the Workplace

Heritage Gift Shop

All Profit dedicated to support disadvantaged clients

Social Impact

Employment Skills

Service Gap

Sustainability

Our vital service for this year continues to be the Food Aid service which remains pivotal to the work we do, providing disadvantaged members of the Northampton commLrnity with dry, fresh, hot food and resources on a regular basis as well as welfare services. Accounts Year End 31st March 2023 Income: Grants. Donations, Enterprises, Activities.. £197,419 Expenditure: Services, Projects, Running Costs: £185,968 Restrirted Grant Funds.. Services, Projects. Running Costs". £91,659 Contingency.. emergency / unrestricted match funding: £30,000 Our main programme of services for the next 2 years (funded by National Lottery Fund) will continue the Covid-19 critical Response seNices which include Poverty and Welfare support- Recovery activities which include health, wellbeing, and social activities,. Resilience development activities which include volunteering, training and employment skills to transition the disadvantaged into further education, earnin8 and independent living. We launched our Social Enterprise Hub this year which offers delicious in house catering available for both tske away and in conjunction with hiring out of our meeting room facilities, An expanded Heritage Gift Shop and Wellbeing in the Workplace venture. Any profits generated go back into SCCYC Food Aid to help the most disadvantaged people in the Town. We also see this is a key source of Ltre income to becoffle more financially self-sustainable, as part of the long- term plan to intrease diversification of all income streams. SCCYC'S income forthe year was £197k revenue which allowed us to expand our Servi￿$. This is up slightly on prior year1£167kl. The key driver for greater expenditure this year is increased staff costs as we upscaled our team to deliver our expanded services. We are grateful for the financial support provided by the following who efiable us to continue to benefit the community (National Lottery Reaching Community £134.509; West Northamptonshire Council £15,682,. Awards for All: £10,000,. Sport England Capital Fund £5.871; Northamptonshirs Community I Foundation Social Enterprise Fund £5.000; Faraway Childrens .harity £2,009 Northamptonshire Community Foundation £1.880," Neighbourl Sainsbury. £1,000) as well as our partners, donors, staff and dedicated vo ntser b3S& Signed on behalf of the Management Board Harjinder Kooner, Chair Date: Iith February 2024. sccyc

Accounts Year End 31March2023 - Attached

Sikh Community Centre & Youth Club SCCYC Registered Charity No: 1056764 https://localgiving.org/appeal/SCCYC_FoodAid/

info@sccyc.co.uk 07770 088568 I 01604 475802 www.sccyc.co.uk @sccycwatersideconnect 35-37 St James Mill Road, NN5 5JW

Charity registration number 1056764

SIKH COMMUNITY CENTRE & YOUTH CLUB SCCYC ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

SIKH COMMUNITY CENTRE & YOUTH CLUB SCCYC

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees H S Kooner
J Shairi
K Bhangra
N Sidhu-Brar (Appointed 22 January 2023)
R Diu (Appointed 22 January 2023)
N Singh
C Grewal
R Thind
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 - 14

SIKH COMMUNITY CENTRE & YOUTH CLUB SCCYC TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2023 The trustees present their annual reFlOrt and financial statements for the year ended 31 March 2023. The finoncial 8t8tement8 have been prepared in accordance with Ihe accounting policies set out in note 1 to the rinancial slatemenls and comply with the charity's goveming document. the Charities Act 2011 and "Accounting and Reporting by Charities.. Stalemenl of Recommended Practi￿ applicable to Gharities preparing Iheir accounts in accordanL* wlh the Financial Reporting Standard appllcable in the UK and Republic of Ireland IFRS 102)" leffe¢tive 1 January 2019). Flnancial revlow The Irustees have assessed the major risks to whlch the charity Is exposed, and are Satisfied that syslems ar8 In place to mitigate exposure to the major risks. Structure, govornan¢e and management The charlty 15 controlled by tt's goveming document, 8 deed of trust and conslllutes an unlncorporated charity. The trustee5 who served during the year and up to the date of slgnature of the financlal st8tements were: H S Kooner J ShaSri K Bhangra N Sidhu-Brar RDIU N Singh C Grewal A Sandhu R Thind (Appointed 22 January 2023) (Appointed 22 January 2023) The truslees, report was approved by the Board of Trustees. H S Kooner Trustee Daled: 28 January 2024

SIKH COMMUNITY CENTRE & YOUTH CLUB SCCYC

STATEMENT OF TRUSTEES' RESPONSIBILITIES

FOR THE YEAR ENDED 31 MARCH 2023

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 Ihe tnjstees on my examination of the financial statements of Sikh Community Centre & Youth Club sccyc (the charity} for the year ended 31 March 2023. Responsibilities and basis of report As Ihe Irusiees of the charity you are ￿SponSi1￿e for Ihe preparaiion of the finanual statements in accordance with the requirements of the Chaiities Act 2011 Ilhe 2011 Acll. I report in respect of my examination ol Ihe charity's financial 5tatement5 carried out under section 145 of the 2011 Act. In cairying out my examination I have followed all the applicable Direclions given by the Charity Commission uThler section 14515}Ibl of Ihe 2011 Aci. Ind&pendent examinerfs statement Your altenlion Is diawn lo the lact that Ihe charity has prepared financial slatemenls in accordance with Accounting and Reporting by Chaiilies pieparing their accounts in accordance with Ihe Finaniial Reporting Standard appli¢able in the UK and Republic of Ireland IFRS 1021 In prefe￿nce to the Accounb"ng and Reporting by Charilies." Slalemenl of Recommended Praclice issued on 1 April 2005 whiGh is ieferred lo in the exlanl regulations bul has now been wilhdr8wn. l understand that this has been done in order lor finanaal slalements to provide a twe and fair view in accordance wilh Geneially Accepted A¢counting Practi￿ effective for reporting periods beginning on or after 1 January 2015. I have completed my examination. I confirm that no matters havè ¢ome lo my attention in Connection with the examination giving me cause lo believe Ihat in any material resped". accounting records were not kepl in respecl ol the charity as required by section 130 of the 2011 Act., or the financial 51alements do not accord with those records.. or the financial staten)ents do not coniply with Ihe applicable requirements conceming the fofm and conlenl of accounts sel out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and lair view which is nol a maller considered as part ol an independent examination. I have no concerns and have corne across no other matlers in connection wth the examination lo which allenlion should be drawn in this report in order lo enable a proper understanding of the finanaal statements to be reached. Jervls & Partners 30 Hathorough Road Kingslhorpe Northamplon NN2 7AZ Dated." 28 January 2024

SIKH COMMUNITY CENTRE & YOUTH CLUB SCCYC

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 MARCH 2023

Unrestricted
Restricted
funds
funds
2023
2023
Notes
£
£
Income and endowments from:
Donations and legacies
3
-
175,942
Other trading activities
4
21,477
-
Investments
5
64
-
Other income
6
4,746
-
Total income
26,287
175,942
Expenditure on:
Raising funds
7
47,173
-
Charitable activities
8
-
140,105
Total expenditure
47,173
140,105
Net income/(expenditure)
(20,886)
35,837
Transfers between
funds
(2,764)
2,764
Net movement in
funds
(23,650)
38,601
Reconciliation of funds:
Fund balances at 1 April 2022
52,424
479,269
Fund balances at 31 March
2023
28,774
517,870		 Total
Unrestricted
Restricted
funds
funds
2023
2022
2022
£
£
£
175,942
-
140,394
21,477
26,675
-
64
7
-
4,746
4,000
-
202,229
30,682
140,394
47,173
134,968
-
140,105
-
-
187,278
134,968
-
14,951
(104,286)
140,394
-
124,619
(124,619)
14,951
20,333
15,775
531,693
32,091
463,494
546,644
52,424
479,269		 Total
2022
£
140,394
26,675
7
4,000
171,076
134,968
-
134,968
36,108
-
36,108
495,585
531,693

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 ASAT31 MARCH2023 2023 2022 Flxed 888ets Tanglble 885918 13 543,601 514.368 CuTr•nt a•••ts Debtors Cash at bank 8nd in hand 14 744 133,469 173,756 134,213 173.756 CrodthY•: amounts falllng due wlthln one ywr 16 108,171 123,536 Net ¢urrent as¥els 26,042 50,220 Totsl a8Mts1•88 curr•nt Ilabllltl 569,643 564,588 Cr•dltor•: amount• falllng du• •ft•r mor• than ono yMr 17 122,999) 132,895) N•t ••••ts 531,693 Th• fvnds of the char Restricted income funds Unrestrictod funds 18 517,870 28,774 479,269 52,424 531,693 The financlal ststemonts were approved by the tN8te88 on 28 January 2024 H S Kooner Tru8t••

SIKH COMMUNITY CENTRE & YOUTH CLUB SCCYC

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

1 Accounting policies

Charity information

Sikh Community Centre & Youth Club SCCYC is a Registered Charity in England and Wales.

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

The financial statements have been prepared under the historical cost convention. 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 or grantors 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.

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.

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.

SIKH COMMUNITY CENTRE & YOUTH CLUB SCCYC

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

1 Accounting policies

(Continued)

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.

1.8 Financial instruments

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

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 payments 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.

Derecognition of financial liabilities

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

1.9 Retirement benefits

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

SIKH COMMUNITY CENTRE & YOUTH CLUB SCCYC

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

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 Restricted
funds funds
2023 2022
£ £
Grants 175,942 140,394
Grants receivable for core activities
Heritage fund - 14,900
Sport England - 9,800
Awards for All 10,000 -
Sport England Capital Fund 5,871 -
Neighbourly Sainsburys 1,000 1,000
Northamptonshire Community Foundation 1,880 2,000
West Northamptonshire Council 15,682 25,330
Northamptonshire Community Foundation Social Enterprise Fund 5,000 -
National Lottery Reaching Communities 134,509 69,912
Faraway Childrens Charity 2,000 -
Other - 17,452
175,942 140,394

4 Income from other trading activities

Unrestricted Unrestricted
funds funds
2023 2022
£ £
Fundraising activities 16,991 2,686
Other donations 4,486 23,989
Other trading activities 21,477 26,675

SIKH COMMUNITY CENTRE & YOUTH CLUB SCCYC

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

5 Investments

Unrestricted Unrestricted
funds funds
2023 2022
£ £
Interest receivable 64 7
Other income
Unrestricted Unrestricted
funds funds
2023 2022
£ £
Employment allowance 4,746 4,000

6 Other income

SIKH COMMUNITY CENTRE & YOUTH CLUB SCCYC

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2023

7 Raising funds

Unrestricted Unrestricted
funds funds
2023 2022
£ £
Trading costs
Other trading activities 1,310 -
Support costs 45,863 134,968
Trading costs 47,173 134,968
47,173 134,968

8 Expenditure on charitable activities

Charitable
costs
2023
£
Direct costs
Staff costs 80,284
Depreciation and impairment 166
Heat & light 10,348
Stationery 937
IT consumables 1,850
Health & Safety 4,694
Venue hire 1,940
Subscriptions 1,001
Telephone & internet 3,450
Van hire 4,800
Resources 10,425
Advertising & marketing 1,494
Professional charges 565
Resources & equipment 10,537
Volunteer & training 5,352
Insurance 1,346
Repairs 916
140,105
Analysis by fund
Restricted funds 140,105

SIKH COMMUNITY CENTRE & YOUTH CLUB SCCYC

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

9
Support costs
Staff costs
Depreciation
Sundries
Gas
Telephone
IT consumables
Consulting
Stationery
Insurance
Advertising and
marketing
Venue hire
Professional charges
Bank charges
Health & safety costs
Volunteering and training
Resources & equipment
Repairs
Interest paid
Subscriptions
Analysed between
Trading		 Support
costs
Governance
costs
£
£
19,297
-
20,027
-
493
-
-
-
-
-
69
-
-
-
-
-
-
-
26
-
-
-
1,719
-
(15)
-
70
-
123
-
1,080
-
216
-
2,758
-
-
-
45,863
-
45,863
-		 2023Support costs Governance
costs
£
£
£
19,297
59,623
-
20,027
-
-
493
947
-
-
11,767
-
-
1,769
-
69
1,443
-
-
7,150
-
-
1,006
-
-
1,189
-
26
1,540
-
-
360
-
1,719
3,285
-
(15)
869
-
70
5,119
-
123
4,896
-
1,080
27,604
-
216
4,839
-
2,758
-
-
-
1,562
-
45,863
134,968
-
45,863
134,968
-		 2022
£
59,623
-
947
11,767
1,769
1,443
7,150
1,006
1,189
1,540
360
3,285
869
5,119
4,896
27,604
4,839
-
1,562
134,968
134,968

10 Trustees

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

11 Employees

The average monthly number of employees during the year was:

2023 2022
Number Number
1 3

SIKH COMMUNITY CENTRE & YOUTH CLUB SCCYC

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

11
Employees
Employment costs
Wages and salaries
Social security costs
Other pension costs		 (Continued)
2023
2022
£
£
41,926
53,931
4,746
4,390
1,157
1,302
47,829
59,623		 (Continued)
2023
2022
£
£
41,926
53,931
4,746
4,390
1,157
1,302
47,829
59,623
59,623

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

12 Taxation

The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.

13 Tangible fixed assets

Tangible fixed assets
Freehold land
and buildings
£
Cost
At 1 April 2022 514,368
Additions 49,259
At 31 March 2023 563,627
Depreciation and impairment
Depreciation charged in the year 20,026
At 31 March 2023 20,026
Carrying amount
At 31 March 2023 543,601
At 31 March 2022 514,368
Debtors
2023 2022
Amounts falling due within one year: £ £
Trade debtors 744 -

14 Debtors

SIKH COMMUNITY CENTRE & YOUTH CLUB SCCYC

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2023

15
Loans and overdrafts
Bank loans
Payable within one year
Payable after one year
16
Creditors: amounts falling due within one year
Notes
Bank loans
15
Other taxation and social security
Trade creditors
Other creditors
Accruals and deferred income
17
Creditors: amounts falling due after more than one year
Notes
Bank loans
15		 2023
£
32,999
10,000
22,999
2023
£
10,000
1,873
1,144
91,659
3,495
108,171
2023
£
22,999		 2022
£
42,895
10,000
32,895
2022
£
10,000
1,968
-
111,268
300
123,536
2022
£
32,895

18 Restricted funds

The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.

At 1 April Incoming Resources Transfers At 31 March
2022 resources expended 2023
£ £ £ £ £
479,269 175,942 (140,105) 2,764 517,870
Previous year: At 1 April Incoming Resources Transfers At 31 March
2021 resources expended 2022
£ £ £ £ £
463,494 140,394 - (124,619) 479,269

SIKH COMMUNITY CENTRE & YOUTH CLUB SCCYC

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

19 Unrestricted funds

The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.

At 1 April Incoming Resources Transfers At 31 March
2022 resources expended 2023
£ £ £ £ £
General funds 52,424 26,287 (47,173) (2,764) 28,774
Previous year: At 1 April Incoming Resources Transfers At 31 March
2021 resources expended 2022
£ £ £ £ £
General funds 32,091 30,682 (134,968) 124,619 52,424

20 Analysis of net assets between funds

Unrestricted
Restricted
funds
funds
2023
2023
£
£
Fund balances at 31 March 2023 are represented by:
Tangible assets
28,569
515,032
Current assets/(liabilities)
205
25,837
Long term liabilities
-
(22,999)
28,774
517,870
Unrestricted
Restricted
funds
funds
2022
2022
£
£
Fund balances at 31 March 2022 are represented by:
Tangible assets
-
514,368
Current assets/(liabilities)
52,424
(2,204)
Long term liabilities
-
(32,895)
52,424
479,269		 Total
2023
£
543,601
26,042
(22,999)
546,644
Total
2022
£
514,368
50,220
(32,895)
531,693

21 Related party transactions

There were no disclosable related party transactions during the year (2022 - none).