REGISTERED CHARITY NUMBER: 1083651
Report of the Trustees and Financial Statements for the Year Ended 31 March 2024
For
Sikh Welfare and Research Trust
Sikh Welfare and Research Trust
Contents of the Financial Statements
For the Year Ended 31 March 2024
Page Report of the Trustees 1 Independent Examiner’s Report 2 Statement of Financial Ac�vi�es 3 Balance Sheet 4 Notes to the Financial Statements 5 to 6 Detailed Statement of Financial Ac�vi�es 7
Sikh Welfare and Research Trust
Report of the Trustees For the Year Ended 31 March 2024
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
1083651
Principle address
32 Manor Avenue Hounslow TW4 7JL
Trustees
Dr J S Rai Prabhjot Singh Bhinder Jasvinder Nagra
Independent Examiner
84 Parkside Avenue RM1 4NH
STRUCTURE, GOVERNANCE AND MANAGEMENT Government document
unincorporated charity.
Risk management
to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
………………………………………. / Trustee
Independent Examiner’s Report to the Trustees of Sikh Welfare and Research Trust
I report on the accounts for the year ended 31 March 2024 set out on pages three to six.
Basis of the independent examiner’s report
charity and a comparison of the accounts presented with those records. It also includes
do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair view’ and the report is
Independent examiner’s statement
respect:
-
Accounting of the Act; or
-
The accounts do not accord with those records; or
-
The accounts do not comply with the applicable requirements concerning the form
2008 other than any requirement that the accounts give a true and fair view which is
a proper understanding of the accounts to be reached.
Date: 7[th] November 2024
Sikh Welfare and Research Trust
Statement of Financial Ac�vi�es For the Year Ended 31 March 2024
| 31.3.24 | 31.3.23 | |||
|---|---|---|---|---|
| Unrestricted Funds Total | Total | |||
| Note £ | £ | £ | ||
| INCOMING RESOURCES | ||||
| Incoming resources from | ||||
| generated funds | ||||
| Voluntary income | 63,846 | 63,846 | 78,289 | |
| Gi� Aid | 24,845 | 24,845 | 36,718 | |
| Investment income | 2 | - | - | - |
| Total incoming resources | 88,691 |
88,691 | 115,007 | |
| RESOURCES EXPENDED | ||||
| Charity ac�vi�es | ||||
| Human Rights | - | - | 8,500 | |
| Grants | 32,600 | 32,600 | 52,400 | |
| Other resources expended | 58,958 | 58,958 | 48,192 | |
| Total resources expended | 91,558 | 91,558 | 109,092 | |
| NET INCOMING/(OUTGOING) | (2,867) | (2,867) | 5,915 | |
| RESOURCES | ||||
| RECONCILIATION OF FUNDS | ||||
| Total funds brought forward | 11,553 | 11,553 | 5,638 | |
| TOTAL FUNDS CARRIED FORWARD | 8,686 | 8,686 | 11,553 |
Sikh Welfare and Research Trust
Balance Sheet At 31 March 2024
| 31.3.24 | 31.3.24 | 31.3.24 | 31.3.23 |
|---|---|---|---|
| Unrestricted Funds Total Total | Unrestricted Funds Total Total | Unrestricted Funds Total Total | Unrestricted Funds Total Total |
| Note £ £ £ | Note £ £ £ | Note £ £ £ | Note £ £ £ |
| CURRENT ASSETS | |||
| Debtors 5 - - - | Debtors 5 - - - | Debtors 5 - - - | Debtors 5 - - - |
| Cash at bank 8,686 8,686 11,553 | Cash at bank 8,686 8,686 11,553 | Cash at bank 8,686 8,686 11,553 | Cash at bank 8,686 8,686 11,553 |
| CREDITORS | |||
| Amounts falling due within 6 - - - | Amounts falling due within 6 - - - | Amounts falling due within 6 - - - | Amounts falling due within 6 - - - |
| One year | One year | One year | |
| NET CURRENT ASSETS | NET CURRENT ASSETS | NET CURRENT ASSETS8,686 8,686 11,553 | 8,686 8,686 11,553 |
| TOTAL ASSETS LESS CURRENT | |||
| LIABILITIES | LIABILITIES | LIABILITIES8,686 8,686 11,553 | 8,686 8,686 11,553 |
| ACCRUALS AND DEFERRED | ACCRUALS AND DEFERRED7 - - - | 7 - - - | 7 - - - |
| INCOME | |||
| NET ASSETS | NET ASSETS | NET ASSETS8,686 8,686 11,553 | 8,686 8,686 11,553 |
| FUNDS | FUNDS8 | ||
| Unrestricted funds 8,686 11,553 | Unrestricted funds 8,686 11,553 | Unrestricted funds 8,686 11,553 | Unrestricted funds 8,686 11,553 |
| TOTAL FUNDS | TOTAL FUNDS | TOTAL FUNDS8,686 11,553 | 8,686 11,553 |
November 2024 These financial statements were approved by the Board of Trustees on 7[th] and were signed on its behalf by: ………………………………………… f- C4 Trustee –
Sikh Welfare and Research Trust
Noted to the Financial Statements For the Year Ended 31 March 2024
ACCOUNTING POLICIES
Accoun�ng conven�on
been prepared in accordance with the Charity SORP (FRS 102) ‘Accoun�ng and Repor�ng by Chari�es: Statement of Recommended Prac�ce applicable to the chari�es preparing their accounts in accordance with the Financial Repor�ng Standard applicable in the UK and Republic of Ireland(FRS 102) (effec�ve 1 January 2015)’, Financial Repor�ng Standard 102 ‘The Financial Repor�ng Standard applicable in the UK and Republic of Ireland and the Chari�es Act 2011. The financial statements have been prepared under the historical cost conven�on.
Incoming resources
All incoming resources are included on the Statement of Financial Ac�vi�es when the charity is legally en�tled to the income and the amount can be quan�fied with reasonable accuracy.
Resources expended
that aggregate all cost related to the category. Where costs cannot be directly a�ributed to par�cular headings they have been allocated to ac�vi�es on a basis consistent with the use of resources. Grants offered subject to condi�ons which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
Taxa�on
The charity is exempt from tax on its charitable ac�vi�es.
Fund accoun�ng
Unrestricted funds can be used in accordance with the charitable objec�ves at the discre�on of the trustees.
Restricted funds can only be used for par�cular purposes within the objects of the charity. Restric�ons arise when specified by the donor or when the funds are raised for par�cular restricted purposes. Further explana�on of the nature of each fund is included in the noted
INVESTMENT INCOME
| 31.3.24 | 31.3.23 | |
|---|---|---|
| £ | £ | |
| Deposit account interest | - | - |
TRUSTEES’ REMUNERATION AND BENEFITS
nor for the year ended 31 March 2023.
Trustees’ Expenses
There were no trustees’ expenses paid for the year ended 31 March 2024 nor for the year ended 31 March 2023.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| 31.3.24 | 31.3.23 | ||
|---|---|---|---|
| £ | £ | ||
| Gi� Aid | - | - | |
| Other | - | - | |
| CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||
| 31.3.24 | 31.3.23 | ||
| £ | £ | ||
| Credit Card | - | - | |
| Other Creditors | - | - | |
| ACCRUALS AND DEFERRED INCOME | |||
| 31.3.24 | 31.3.23 | ||
| £ | £ | ||
| - | - | ||
| MOVEMENT INF UNDS | |||
| At 01.04.23 Net Movement | At 31.3.24 | ||
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 11,553 (2,867) | 8,686 | |
| TOTAL FUNDS | 11,553 (2,867) | 8,686 | |
| Net movement in funds, included in the above are as follows: | |||
| Incoming Resources | Movement | ||
| resources expended | in funds | ||
| Unrestricted funds | £ | £ | £ |
| General fund | 88,691 (91,558) | (2,867) | |
| TOTAL FUNDS | 88,691 (91,558) | (2,867) |
Sikh Welfare and Research Trust
Detailed Statement of Financial Ac�vi�es For the Year Ended 31 March 2024 31.3.24 31.3.23 £ £ INCOMING RESOURCES Income Voluntary Dona�ons 63,846 78,289 Grants - - Gi� Aid 24,845 36,718 Investment Income Deposit account interest - - Total incoming resources 88,691 115,007 RESOURCES EXPENSED Charitable ac�vi�es Grants to ins�tu�ons 32,600 60,900 Support Costs Wages 46,095 29,421 Professional and consultancy fees - 2,193 Telephone 1,967 1,633 Prin�ng, postage & sta�onary 31 - Motor & Travel 180 473 Membership & subscrip�ons - - Sundries - 2,903 Computer and website expenses 10,606 11,113 58,879 47,736 Finance Bank charges 79 455 Total resources expended 91,558 109,092 Net income/(expenditure) (2,867) 5,915