The Sunderland Sikh
Association
Executive Committee’s Report For The Year Ended 31st March 2021
The executive committee has pleasure in submitting their annual report and financial statements for the year ended 31st March 2021.
Structure
The charity is registered as The Sunderland Sikh Association under number 1085546. The principal activity of the charity is to advance the Sikh religion.
Objects
The objects of the charity, which is governed by constitution, are to:
Advance the Sikh religion by: -
-
Propagating the teachings of the ten Gurus and Sikh Guru Granth Sahib;
-
Maintaining a library and reading rooms;
-
Encouraging and promoting the study of Sikh religion amongst the public and social cultural dialogue.
Also to promote the benefit of the inhabitants, primarily the Sikh inhabitants, of Sunderland and Tyne & Wear without distinction of sex or sexual orientation, race or political, religious or other opinions by associating together with the said inhabitants, the local authorities and voluntary and other organisations in a common effort to: -
-
Advance the education of the said inhabitants
-
Provide facilities for the recreation of other leisure-time occupation for the said inhabitants in the interests
-
of their social welfare with the object of improving their conditions of life.
-
Establish or secure the establishment of a community centre and to maintain and manage the same in
-
furtherance of these objects.
-
Promote such other charitable purposes as may from time to time be determined.
Review of activities and future developments
The statement of Financial Activities for the year is set out on page 8 for the financial statements. A summary of the financial results and the work of the charity are set out below.
Financial results
The charity had total incoming resources in the year of £123,931. The unrestricted incoming resources mainly comprise of voluntary donations and Government Grants received
After deduction of the resources expended, comprising of the running costs, the total funds carried forward were £696,876. This amount represents unrestricted funds of £696,876, and restricted funds of £0.
Reserves
The general fund generated a small surplus for the year. The Executive Committee has established a policy whereby any surplus unrestricted funds held by the charity should be designated for future projects.
Risk review
The executive committee continually reviews areas of risk to its operation and procedures are implemented to reduce any risks so far as possible.
Executive committee and members
Full membership of the charity, where each member should carry one vote, is open to any person over the age of 18 years interested in furthering the objects, who has paid the annual subscriptions laid down from time to time by the Executive Committee is either:
Of Sikh or Indian Origin; Married to a person as above; or A child of a person of the above.
Associate membership of the charity will be open to individuals of the community interested in furthering the objects without distinction of sex, sexual orientation, race, political or other opinions, and who have paid an annual subscriptions fee.
The executive committee consists of not less than 16 nor more than 20 members being:
-
The honorary officers (a chairman, a secretary and a treasurer) who must be members of the charity; and
-
Not less than 13 and not more than 17 members elected at the annual general meeting.
The executive committee can, in addition, appoint co-optative members with the provision that no one can be appointed as a co-opted member if, as a result, more than one third of the members of the executive committee would be co-opted members.
The charity has a co-optative sub-committee, the members of which attend the executive committee meetings.
All members of the executive committee shall retire from office together at the end of the first annual general
meeting following the date on which they came into office, but they may be re-elected or re-appointed.
The Sunderland Sikh Association Financial Statements For the Year Ended 31st March 2022
Contents
Legal and Administrative Details Executive Committee’s Report Independent Examiner’s Report Statement of Financial Activities Balance Sheet Notes to the Financial Statements
2
The Sunderland Sikh Association Legal and Professional Details For The Year Ended 31st March 2022
Charity Number 1085546 President: Surjeet Singh Sangha Trustees: Mr A S Kang Mr G S Dhesi Mr M S Dulay Mr J S Batth General Secretary: Buta Singh Sangha Stage Secretary: Baljeet Singh Sandhu Treasurer: Mohinder S Atkar
Address: The Cloisters (Off Ryhope Road) Sunderland Tyne & Wear SR2 7ED Bankers: HSBC Unit 49-51 The Bridges Shopping Centre Sunderland Tyne & Wear SR1 3LE
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Executive Committee’s Report For The Year Ended 31st March 2022
The Sunderland Sikh Association
The executive committee has pleasure in submitting their annual report and financial statements for the year ended 31st March 2022.
Structure
The charity is registered as The Sunderland Sikh Association under number 1085546. The principal activity of the charity is to advance the Sikh religion.
Objects
The objects of the charity, which is governed by constitution, are to:
Advance the Sikh religion by: -
-
Propagating the teachings of the ten Gurus and Sikh Guru Granth Sahib;
-
Maintaining a library and reading rooms;
-
Encouraging and promoting the study of Sikh religion amongst the public and social cultural dialogue.
Also to promote the benefit of the inhabitants, primarily the Sikh inhabitants, of Sunderland and Tyne & Wear without distinction of sex or sexual orientation, race or political, religious or other opinions by associating together with the said inhabitants, the local authorities and voluntary and other organisations in a common effort to: -
-
Advance the education of the said inhabitants
-
Provide facilities for the recreation of other leisure-time occupation for the said inhabitants in the interests of their social wel-
-
fare with the object of improving their conditions of life.
Establish or secure the establishment of a community centre and to maintain and manage the same in furtherance of these objects.
- Promote such other charitable purposes as may from time to time be determined.
Review of activities and future developments
The statement of Financial Activities for the year is set out on page 8 for the financial statements. A summary of the financial results and the work of the charity are set out below.
Financial results
The charity had total incoming resources in the year of £157,588. The unrestricted incoming resources mainly comprise of voluntary donations and Government Grants received
After deduction of the resources expended, comprising of the running costs, the total funds carried forward were £770,567. This amount represents unrestricted funds of £770,567, and restricted funds of £0.
4
The Sunderland Sikh Association
Executive Committee’s Report
For The Year Ended 31st March 2022
Reserves
The general fund generated a small surplus for the year. The Executive Committee has established a policy whereby any surplus unrestricted funds held by the charity should be designated for future projects.
Risk review
The executive committee continually reviews areas of risk to its operation and procedures are implemented to reduce any risks so far as possible.
Executive committee and members
Full membership of the charity, where each member should carry one vote, is open to any person over the age of 18 years interested in furthering the objects, who has paid the annual subscriptions laid down from time to time by the Executive Committee is either:
Of Sikh or Indian Origin; Married to a person as above; or A child of a person of the above.
Associate membership of the charity will be open to individuals of the community interested in furthering the objects without distinction of sex, sexual orientation, race, political or other opinions, and who have paid an annual subscriptions fee.
The executive committee consists of not less than 16 nor more than 20 members being:
-
The honorary officers (a chairman, a secretary and a treasurer) who must be members of the charity; and
-
Not less than 13 and not more than 17 members elected at the annual general meeting.
The executive committee can, in addition, appoint co-optative members with the provision that no one can be appointed as a coopted member if, as a result, more than one third of the members of the executive committee would be co-opted members.
The charity has a co-optative sub-committee, the members of which attend the executive committee meetings.
All members of the executive committee shall retire from office together at the end of the first annual general meeting following the
date on which they came into office, but they may be re-elected or re-appointed.
5
Sunderland Sikh Association Statement of Financial Activities for the Year Ended 31st March 2022
Statement of executive committees’ responsibilities for financial statements
The charities Act 1993 requires the executive committee to keep proper books of account in respect of the affairs of the charity, and to prepare financial statements of account for each accounting period consisting of a statement of financial activities and a balance sheet.
The executive committee is also responsible for safeguarding the charity’s assets, and hence for taking reasonable steps for the prevention and detection of error, fraud and other irregularities.
In preparing the financial statements the executive committee is expected to:
Select suitable accounting policies and apply them consistently, making judgements and estimates that are reasonable and prudent.
Follow the recommendations of the Charities Commission and of the accounting profession with regard to form and content of the financial statements or to disclose and explain any departures there from; and
Prepare the financial statements on the going concern basis unless it is inappropriate to assume that the charity will be able to continue to meet its objectives.
Signed on behalf of the Executive Committee
.................................. Surjeet Singh Sangha President
…………………….. Buta Singh Sangha Secretary
Dated: ..................................
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Sunderland Sikh Association Statement of Financial Activities for the Year Ended 31st March 2022
Incoming resources Grants Interest Received Donations Total Incoming Resources Resources Expended Cleaning and sanitary Accountancy Wages & National Insurance Rates Insurance Printing, Postage & Stationary Immigration fees Telephone Heat, Light & Water Repairs & Renewals Sundries Depreciation Refreshments Professional fees Motor expenses Bank charges Donations and school Total resources expended Net Incoming/(Outgoing)incoming Less Transfers to Capital Assets Fund balances brought forward Fund balances carried forward |
Notes (2) (3) |
Unrestricted Fund 3,740 29 153,819 157,588 967 1440 7,571 2,244 9,482 59 706 448 8,171 3,204 285 16,897 2,129 5,274 93 89 24,839 83,898 73,690 696,876 770,566 |
Unrestricted Fund 3,740 29 153,819 157,588 967 1440 7,571 2,244 9,482 59 706 448 8,171 3,204 285 16,897 2,129 5,274 93 89 24,839 83,898 73,690 696,876 770,566 |
Restricted Fund - |
Total Fund 31.3.22 3,740 29 153,819 157,588 967 1440 7,571 2,244 9,482 59 706 448 8,171 3,204 285 16,897 2,129 5,274 93 89 8,079 83,898 73,690 - 696,876 770,566 |
Total Fund 31.3.22 3,740 29 153,819 157,588 967 1440 7,571 2,244 9,482 59 706 448 8,171 3,204 285 16,897 2,129 5,274 93 89 8,079 83,898 73,690 - 696,876 770,566 |
|---|---|---|---|---|---|---|
| 770,566 | 770,566 | 696,876 |
The notes on pages 10 to 12 form part of the financial statements
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Fixed Assets Tangible assets Current Assets Cash at bank Cash in hand Debtors Creditors: Amounts Falling due Within one year Net Current Assets Net Assets Funds Unrestricted Restricted |
Notes (4) (5) (6) (7) |
£ 368,937 2,283 5,258 376,478 1,440 |
The 2022 £ 395,528 375,038 770,566 770,566 0 770,566 |
Sunderland Sikh Association Balance Sheet As at 31st March 2022 2021 £ £ 403,830 285,340 3,545 6,313 295,198 2,152 293,046 696,876 696,876 0 696,876 |
|---|---|---|---|---|
| 295,198 | ||||
| 770,566 |
Approved by the Executive Committee on And signed on its behalf by:
.................................. Surjeet Singh Sangha President
……………………..
Buta Singh Sangha Secretary
Dated: ..................................
The notes on pages 9 to 10 form part of these financial statements
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The Sunderland Sikh Association Notes to the Financial Statements For the year ended 31st March 2022
1. Accounting policies
-
(a) The accounts are prepared under the historical cost convention. They comply with the requirements of the Statement of Recommended Practice Accounting and Reporting by Charities (SORP) and are in accordance with the Financial Reporting Standards for Smaller Entities (effective June 2002).
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(b) General accumulated funds are unrestricted funds available to the charity for its general purpose and include funds designated by the charity for a particular purpose; the use of such designated funds remains at the discretion of the charity’s officers and executive committee.
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(c) Restricted funds are subject to restrictions imposed by the donor or by the specific terms of the appeal under which the funds are raised. The restrictions are binding upon the executive committee of the charity.
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(d) All income and expenditure is accounted for on an accruals basis.
-
(e) Donations, grants and legacies are included in the Statement of Financial Activities (SOFA) when:
-
-
-
The charity becomes entitled to the income and any conditions for receipt are met,
-
The trustees are reasonably certain they will receive it, and
-
The trustees are reasonably certain that the value can be reliably measured.
(f)
write off the assets over their expected useful lives, grant aided items are written off over a ten year period on a straight line basis.
| The depreciation rates are as follows: | |
|---|---|
| Improvements to property | 4% |
| Buildings | 2% |
| Fixtures and fittings | 10% |
| Equipment | 10% |
| Grant aided improvements | 10% straight line |
2.
3.
Donations
| Unrestricted Restricted FundFund General donations 153,819 - Staff Costs Wages & Salaries The average number of employees analysed by functions was General Teacher/Preacher |
Total Total 31.3.22 31.3.21 153,819 100,257 31.3.2231.3.21 7,571 25,640 31.3.22 31.3.21 1 1 11 2 2 |
|---|---|
The executive committee did not receive any remuneration during the year nor were any expenses reimbursed.
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The Sunderland Sikh Association Notes to the Financial Statements For the year ended 31st March 2022
4. Tangible fixed assets
| Improvements Fixtures and Equipment To Property Buildings Fittings Cost As at 1 April 2021 9,072 151,675 403,789 61,857 Additions - 8,596 - - At 31st March 20229,072 160,271 403,789 61,857 Depreciation At 1 April 2021 6,324 81,451 88,910 45,878 Charge for year305 8,697 6,297 1,598 At 31st March 20226,629 90,148 95,207 47,476 Net Book Value At 31st March 2021 2,748 70,224 314,880 15,978 At 31st March 20222,443 70,123 308,582 14,380 |
Total 626,393 8,596 634,989 222,564 16,897 239,461 403,830 395,528 |
|---|---|
5. Creditors
(a) Creditors: amounts falling due within one year Other creditors
| Other creditors | 2022 | 2021 | |||
|---|---|---|---|---|---|
| 1,440 | 2,152 | ||||
| Unrestricted funds | |||||
| Balance | Incoming | Expenditure | Transfers | Balance | |
| At 1.4.21 | Resources | At 31.3.22 | |||
| Designated | |||||
| Fund: | |||||
| Capital Fund | 420,272 | 420,272 | |||
| General Fund: | |||||
| Income and | |||||
| Expenditure | 276,604 | 157,588 | (83,898) | 0 | 350,294 |
| 696,876 | 157,588 | (83,898) | 0 | 770,566 |
6. Unrestricted funds
The designated capital fund has been set up to represent the charity’s investment in capital expenditure. The fund is charged with depreciation.
7. Analysis of net assets by fund
| Unrestricted Restricted Fund Fund Fixed assets 395,528 - Net current Assets 375,039 - - |
Total 395,528 375,039 |
|---|---|
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Independent examiner's report on the accounts
Section A Independent Examiner’s Report
| Report to the trustees/ members of On accounts for the year ended Set out on pages |
Charity Name The Sunderland Sikh Association |
Charity Name The Sunderland Sikh Association |
Charity Name The Sunderland Sikh Association |
|---|---|---|---|
| 31stMarch 2022 | Charity no (if any) |
1085546 | |
| 3 to 11 (remember to include the page numbers of additional sheets) |
Report to the trustees/ members of
I report to the trustees on my examination of the accounts of the above charity for the year ended 31/03/2022 /03 /2021
Responsibilities and basis of report
As the charity's trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).
I report in respect of my examination of theTrust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect:
-
the accounting records were not kept in accordance with section 130 of the Charities Act; or
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the accounts did not accord with the accounting records; or
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the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair’ view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Signed: Date: 16/12/2022 Name: Christopher Allison Relevant professional N/A qualification(s) or body (if any): Address: 39 St Marks Road, Sunderland Tyne and Wear
Oct 2018
IER
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SR4 7EF
Section B Disclosure
Only complete if the examiner needs to highlight material matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners).
Give here brief details of any items that the examiner wishes to disclose .
Oct 2018
IER
2