Sikh Nari Manch UK (All Sikh Women’s Organisation)
Contents of the Financial Statements for the Year Ended 31 March 2024
| Page | |
|---|---|
| Report of the Trustees | 1 to 8 |
| Independent Examiner's Report | 9 |
| Statement of Financial Activities | 10 |
| Balance Sheet | 11 to 12 |
| Notes to the Financial Statements | 13 to 18 |
| Detailed Statement of Financial Activities | 19 to 20 |
Sikh Nari Manch UK (All Sikh Women’s Organisation)
Report of the Trustees
for the Year Ended 31 March 2024
The Trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2024. The Trustees have adopted the provisions of 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 2015).
We present our Annual Report for 2023/24. Sikh Nari Manch UK, the registered charity has been in operation for 25 years. We have been operating the: Northside Welcome Centre for 19 years now, which continues to selflessly serve the wider communities, irrespective of background Mata Tripta Darbar, also for 19 years, continues to provide inclusive opportunities for worship in the Sikh tradition.
We are pleased with how the past year has gone, we have continued with the progress of providing a warm welcome space for the community where they feel welcomed to share and feel connected. We have continued to provide a comprehensive timetable of health and well-being activities, such as: Arts and Crafts, Tai Chi, Computer Classes, Mindfulness and Healthy Eating, as well as coffee morning and providing Advice and Guidance.
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Sikh Nari Manch UK (All Sikh Women’s Organisation)
Report of the Trustees for the Year Ended 31 March 2024
OBJECTIVES AND ACTIVITIES Objectives and aims
Charitable Objects
The principal activity of the charitable company during the year was that of:
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empowering women from all ages and backgrounds in the interests of social welfare with the objective of raising their self-esteem through organising educational, spiritual, and recreational activities for them
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for general charitable purposes as determined by the Trustees.
This includes:
-the general mainstream 'offer' of services with the provision, maintenance, and management of a community centre, the Northside Welcome Centre (NWC) to support the social welfare of local people in need
-hosting Mata Tripta Darbar, an independent, non-political spiritual space in the Sikh tradition, named after the mother of Guru Nanak, the founder of the Sikh faith. Mata Tripta Darbar is an inclusive space that welcomes all, regardless of gender, class, age, ethnicity, background, sexuality, or culture. It is an experiential learning space providing opportunities for all to participate, serve and connect. Mata Tripta Darbar's focus is on promoting and teaching 'Naam Simran' (the treasure of meditation techniques in the Sikh tradition) to facilitate happiness, wellbeing, and personal transformation.
Our objectives draw upon the roots of the charity as a Sikh faith-based organisation but serve the whole of humanity in line with the principle of 'Sarbat Da Bhalla' (welfare of all). We are inspired by the four doors to the Golden Temple, which are open to people from all directions and all backgrounds, similarly, the centre is open to all. Locally we are known as the 'Welcome' centre.
Each year the Board reviews the objectives and activities to ensure that they continue to reflect our charitable objects. In conducting this review, the trustees have considered the Charity Commission's general guidance on public benefit.
Community Inclusion At Our Heart
An important aspect of our work is community welfare and education. All of our community facilities and activities
including classes, health and wellbeing initiatives, and events are open to all and widely advertised. We are proud of our track record of being a truly inclusive organisation. It is our aim to create a harmonious, vibrant, and empowered local community with NWC at the heart of a flourishing neighbourhood. It is our mission to continue to serve our locality in the spirit of graceful self-less service, which is of high quality and calibre, non-judgemental, and without any expectation.
A cross-cutting theme of our work is the Interfaith and community cohesion work we do on a very local grassroots level. This is implicit in all that we do as we have people of different backgrounds accessing our services and attending our events. It is often through the informal and unstructured exchanges between people that the opportunities for friendships and better understanding can occur in an organic and meaningful way.
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Sikh Nari Manch UK (All Sikh Women’s Organisation)
Report of the Trustees for the Year Ended 31 March 2024
OBJECTIVES AND ACTIVITIES
Plans for the Future and Public benefit
Continue to make improvements to the building and facilities. This is a priority for the Trustees in the coming years in order to improve the experience for our Service-Users and improve community usage and potential income generation. We have a number of capital funding applications that are pending decisions to improve the facilities and general condition of the building. This will enable us to deliver an improved experience and increase the range and reach of our services.
Longer-term projects are to:
-construct a two-storey extension in the rear yard to create a community hall and meeting spaces on both floors- install damp-proofing measures to improve community use of the basement level -improve the access to the first floor and basement by re-configuring the staircase, improving means of escape, and installing a platform lift to the basement- improving the frontage by leveling the roofline by installing a pitch to the flat roof of the extension and installing an architectural -glass porch which will serve as a new welcoming entrance.
Revenue funding and income generation
The charity will continue to operate in a financially prudent way with day-to-day spending and procurement of goods and services through value-for-money practices. Grant funding applications are being made for activities that support our mission. Income generation through fundraising, room hire opportunities and sales of small items will be ongoing.
The Trustees are also scoping the feasibility of investment income to future-proof the charity through a property and
affordable housing portfolio. This is at a preliminary stage of development, subject to the availability of suitable site(s) and finance.
Use of Volunteers
The concept of Seva (selfless service) in the Sikh tradition is an essential component of our work. Seva can be practiced through volunteering and we actively promote opportunities for people to give their time and skills to further our mission.
In addition, for those people looking for employment, volunteering provides valuable work experience to support job
applications. We have 0.8 FTE paid full-time member of staff and so volunteers form the backbone of the charity. We have over 30 people regularly giving their time and skills including the Board members. This equated to well over 2,000 hours of volunteer time which equates to over. £20,000 of added value.
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Sikh Nari Manch UK (All Sikh Women’s Organisation)
Report of the Trustees for the Year Ended 31 March 2024
OBJECTIVES AND ACTIVITIES
Partnerships and grants
Places of Welcome
We received funding from Albert Hunt Trust to cover costs towards the running of the Northside Welcome Centre over the period of 12 months
ENNS funded a Micro project which was specific for the Celebration of the Kings Coronation.
ENNS also funded a 12 month holistic project titled 'Be the Best Version of Yourself ' which covered workshops such as Arts & Crafts, Physical Fitness, Coping with Stress, Understanding your Body, A better Understanding of Additional Needs, Men and Women's Health and Alternative Therapies.
IM Properties funded new equipment for our computer suite, providing the Centre with new chairs, keyboards, mouses and mouse mats.
Warm Welcome Grants funded us to provide a Warm Welcome Space, giving us the ability to continue to support our weekly coffee mornings and safe space for the local community.
Inclusive Communities Fund (Heart of England) funded our 'Health and Wellness' project, providing holistic workshops for the local community.
Shared Prosperity Fund supplied funding for our 'Four Pillars of Wellness' project, which cover workshops such as Movement and Exercise, Coping with Stress, Social Interaction and Nutrition.
OBJECTIVES AND ACTIVITIES Partnerships
The Trustees confirm they have had due regard for the charity commission's guidance on public benefit when planning and delivering the charity's activities. The charity carries out a wide range of activities in the furtherance of its charitable aims. The trustees consider that these activities summarised below, provide benefit to both the Sikh community, in particular, Sikh women, by whom the charity was originally established and the wider community of Erdington and Greater Birmingham.
In providing public benefit, the charity runs the:
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Northside Welcome Centre - a community hub open to all, providing a lifeline for people seeking information, advice and guidance, employment support, formal and informal learning, health and wellbeing and volunteering opportunities.
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Mata Tripta Darbar - a spiritual space within the NWC, where the Sikh activities take place. It is led entirely by volunteers and an opportunity for Sikh women to provide leadership. The space provides a spiritual anchor for the charity enabling it to focus on its mission to gracefully serve the local community as a 'lighthouse' of support.
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Sikh Nari Manch UK (All Sikh Women’s Organisation)
Report of the Trustees for the Year Ended 31 March 2024
OBJECTIVES AND ACTIVITIES
- Mata Gujri Support Fund - we have established a discretionary fund, providing small bursaries for people to enable them to access our activities and classes. Funds are provided by 'dasvandh' (tithing) donations made by members and supporters. Support can be used towards transport, equipment, and any fees made for events on a discretionary basis by the Trustees. This year we continued to allocate a budget of £600, and we have made provision for four individuals to attend our annual retreats and workshops who wouldn't have been able to attend otherwise. Our long-term plan is to promote the fund more widely to increase donations and awards that can be made, particularly to specific people in crisis, but operate within the umbrella of SNM to keep costs to a minimum.
Supporting and Enabling Others
Over the last financial year, we have had just over 300 people attend one or more of our many services that we provided.
The clientele were of diverse background about 40% BME (black and minority ethnic) and 60% British European. Majority of the cliental were of mature age 50 plus, and majority have experienced a lot of hardship particular through the pandemic.
Many have said the Northside Welcome Centre has been a lifeline to them
Part of our strategy over the years is to be a catalyst to support grass-roots projects initiated by Sikhs and as an organisation to provide 'dasvandh' (tithing one-tenth of our annual income). Over the years, we have made donations to Comic Relief, Children in Need, Juvenile Diabetes Research Trust, Khalsa Aid, Pingalwara Charity in India, Scouts Association, and local hospices, hospitals, and other good causes. However, in line with the ethos of 'Sarbat Da Bhalla' (Welfare of All), we will support anyone who requests our help and is working towards a good cause in line with our objects. As a small organisation, we are not able to provide grants but are able to provide small donations, provide mentoring, know-how, access to our facilities, procurement, and opportunities to partner. In the past, we have supported a variety of local good causes including a local church, homeless project, food bank, small business start-ups, social enterprises and international aid appeals. Given the immense challenges of raising funds for our own charity, this year, we have supported a number of local individuals and organisations, particularly with non-financial support.
ACHIEVEMENT AND PERFORMANCE
Key Achievements for the Year
The past year has been rewarding and successful, there have been plenty of positive testimonies from many of the Centre Users which is always very pleasing to see as that makes it all worthwhile for providing services at our Northside Welcome Centre.
We have continued to provide a warm welcome space for the community to come where they can feel safe and connected, make new friends and share experiences, giving them a feeling of belonging.
Our timetable of activities has been nice and varied, providing holistic services for health and wellbeing, services which include: Arts and Crafts, Tai Chi, Computer Classes and courses, Fitness sessions, Healthy Eating workshops, Well-being Workshops and a Warm Welcome Space alongside our Coffee Morning.
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Sikh Nari Manch UK (All Sikh Women’s Organisation)
Report of the Trustees for the Year Ended 31 March 2024
FINANCIAL REVIEW
Principal funding sources
Principal funding sources The charity's main sources of income are grants, room hire, and fundraising from individuals. Income from grants equated to £25,422.
Grants towards supporting our activities are detailed above. These grants have enabled us to continue to provide support for unemployed people, promote better health and wellbeing for vulnerable people, and services for older residents.
Investment policy
Investment policy The charity owns our freehold premises outright, which we estimate to be worth in the region of £250,000. Our cash reserves are held in deposit accounts with HSBC Bank. We are currently reviewing our banking arrangements towards an ethical financial provider, which aligns with our values. NEST is used as our pension provider.
Reserves policy
The trustees approved a Reserves Policy, which requires the charity to maintain in-hand three months operating costs in reserve. The sector average is four months. The trustees recognised this is a significant risk to the Charity and are always looking to accumulate reserves to strengthen financial resilience and for unforeseen expenditure and emergencies.
FUTURE PLANS PLANS FOR FUTURE GROWTH
Our priorities for 2024/25 are to build the resilience and sustainability of the charity to: - re-establish connection with the Job Centre to support unemployed adults. We do not receive any financial support from the Job Centre, so will need to seek external funding for this service, which is offered freely without conditionality, judgment, or expectation
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improve our offer of support for adults with learning difficulties and disabilities through day opportunities
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develop new projects for older residents as an Age Well Mini-hub to promote independence, community, friendship, good health, and wellbeing
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continue inspiring and building the Sangat (spiritual community) to receive spiritual nourishment from our programmes and services in order to spark social action / 'Seva' (voluntary service), wellbeing, and personal transformation. Improve the facilities for the sangat.
-develop our Five Year Business Plan for 2025-2030 with a focus on further building refurbishments, capacity building, development of new provision to meet needs, and better utilisation of space to maximise income and provision of services
-strengthen the skills and expertise of the Board to deliver effective governance and inspirational and transformative leadership
- expand our core offer of services and activities, working in partnership with the community and in collaboration with partners such as Birmingham City Council, WEA, Job Centre, colleges and providers, and other local agencies.
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Sikh Nari Manch UK (All Sikh Women’s Organisation)
Report of the Trustees for the Year Ended 31 March 2024
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
Governing document Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006. The governing document requires the charitable company to have at least three Trustees who must also be members. Onethird of the Trustees must retire at each AGM, those longest in office retiring first. The trustees hold at least two meetings each year with majorities determining decisions.
Recruitment and appointment of new trustees
The existing Trustees and Board members are responsible for the recruitment of new trustees and Board members. In doing so, the trustees seek the views and recommendations of the wider members and beneficiaries of the charity. Although we are a Sikh-ethos-based charity, in the tradition of the Sikh faith, the concept of Sarbat Da Bhalla (for the welfare of all), and membership is open to people of all faiths and none. The Trustees believe that this approach ensures that new trustees and Board members can be recruited based on their commitment and skills-set within the framework of 'Seva'. We are actively looking to recruit new Board members.
Organisational structure
Organisational structure
The charity Trustees are responsible for the general control and management of the charity. The Trustees are volunteers and give their time freely as Seva (selfless service) and receive no remuneration or other financial benefits. The five trustees meet together as a body on a quarterly basis as part of a wider Board of Directors, which also includes the opportunity for a wider group of individuals to serve as non-executive or co-opted members of the Board to bring specific skills and insights to shape and inform decision-making.
The Board has also included two service users who have provided a direct link back to our beneficiaries and have championed their voice. In addition, other service users, John Bennet, Lisa Green and Lesley Smith have attended meetings and enriched our understanding of local needs. Our Centre Users help to keep us 'grounded' in the reality of the local context. They have also provided the link with the locality and representation at the local Ward Advisory Committee.
Our funding adviser, Jane Bailey is also in-attendance at some Board meetings. Jane also chairs another large local charity and is able to share good practice and provide a valuable external challenge to advise us on our continuous improvement.
Jane is actively involved in local inter-faith networks and the Birmingham Council of Faiths and brings this wider network into our orbit.
The day-to-day running of the Centre is delegated to the Development Officer who oversees a team of volunteers and any sessional workers who deliver sessions at the Centre.
Induction and training of new trustees
Following their appointment, new Trustees and Board members are introduced to their new role and given copies of the Memorandum and Articles of Association and a guide to the policies and procedures adopted by our charity, in particular the safeguarding of vulnerable adults. A number of good practice publications from the Charity Commission are also issued including the role of Trustees, guidance on charities and public benefit, and on the advancement of religion for public benefit. This ensures that new trustees are aware of the scope of their responsibilities under the Charities Act.
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Sikh Nari Manch UK (All Sikh Women’s Organisation)
Report of the Trustees for the Year Ended 31 March 2024
REFERENCE AND ADMINISTRATIVE DETAILS REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number 04062419 (England and Wales)
Registered Charity number 1093192 Registered office Northside Welcome Centre 176 Streetly Road Erdington Birmingham B23 7AL
Trustees
Mrs J Bhambra JP MRPS,Mr. P S Garcha MCMI,Bibi G Kaur OBE,Mr. A L Shrimpton,Mr. A S Mangat MBE
REFERENCE AND ADMINISTRATIVE DETAILS Company Secretary Mrs J Bhambra JP MRPS
Independent examiner Sajjad Bandali FCCA Harris Accountancy Services Ltd 1st Floor, Cobalt Square 83 Hagley Road Birmingham B16 8QG
Northside Welcome Centre Development Officer: Mr. Satpal Singh
Approved by order of the Board of Trustees on ......22 November 2024....................................... and signed on its behalf by:
.......................................................... Parminer Singh Garcha- Trustee
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Independent Examiner's Report to the Trustees of Sikh Nari Manch UK (All Sikh Women’s Organisation)
Independent examiner's report to the trustees of Sikh Nari Manch UK (All Sikh Women Org.) ('the Company')
I report to the charity Trustees on my examination of the accounts of the Company for the year ended 31 March 2024.
Responsibilities and basis of report
As the charity's Trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.
Independent examiner's statement
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:
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accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the accounting requirements of section 396 of the 2006 Act 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; or
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the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
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.
Sajjad Bandali FCCA
Date: .....27 November 2024........................................
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Sikh Nari Manch UK (All Sikh Women’s Organisation)
Statement of Financial Activities
for the Year Ended 31 March 2024
| 31.3.24 Unrestricted funds Notes £ INCOMING RESOURCES FROM Voluntary income 7,431 Incoming resources from charitable activities grants 25,422 Investment income 2 - Total 32,853 RESOURCES EXPENDED ON Costs of generating funds 3 22,634 Charitable activities grants 9,857 Total 32,491 NET INCOME/(EXPENDITURE) 362 RECONCILIATION OF FUNDS Total funds brought forward 240,778 TOTAL FUNDS CARRIED FORWARD 241,140 |
31.3.23 Total funds £ 6,211 24,056 1,000 31,267 23,720 10,753 34,473 (3,206) 243,984 240,778 |
|---|---|
The notes form part of these financial statements
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Sikh Nari Manch UK (All Sikh Women’s Organisation)
Balance Sheet 31 March 2024
| 31.3.24 Unrestricted funds Notes £ FIXED ASSETS Tangible assets 7 243,734 CURRENT ASSETS Cash at bank and in hand 7,437 CREDITORS Amounts falling due within one year 8 (3,299) NET CURRENT ASSETS 4,138 TOTAL ASSETS LESS CURRENT LIABILITIES 247,872 CREDITORS Amounts falling due after more than one year 9 (6,732) NET ASSETS 241,140 FUNDS 10 Unrestricted funds 241,140 TOTAL FUNDS 241,140 |
31.3.23 Total funds £ 246,396 7,480 (3,704) 3,776 250,172 (9,394) 240,778 240,778 240,778 |
|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
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(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
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(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
The notes form part of these financial statements
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Sikh Nari Manch UK (All Sikh Women’s Organisation)
Balance Sheet - continued 31 March 2024
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on ............22 November 2024................................. and were signed on its behalf by:
............................................. Parminder Singh Garcha- Trustee
The notes form part of these financial statements
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Sikh Nari Manch UK (All Sikh Women’s Organisation)
Notes to the Financial Statements for the Year Ended 31 March 2024
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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 Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, 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 accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Pension costs and other post-retirement benefits
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
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Sikh Nari Manch UK (All Sikh Women’s Organisation)
Notes to the Financial Statements - continued for the Year Ended 31 March 2024
2. INVESTMENT INCOME
| Rents received COSTS OF GENERATING FUNDS Costs of generating voluntary income Support costs NET INCOME/(EXPENDITURE) Net income/(expenditure) is stated after charging/(crediting): Depreciation - owned assets Other pension costs |
31.3.24 £ - 31.3.24 £ 18,904 31.3.24 £ 3,731 328 |
31.3.23 £ 1,000 31.3.23 £ 19,854 31.3.23 £ 3,866 328 |
|---|---|---|
3. COSTS OF GENERATING FUNDS
4. NET INCOME/(EXPENDITURE)
5. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2024 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.
6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted | |
|---|---|
| funds | |
| £ | |
| INCOMING RESOURCES FROM | |
| Voluntary income | 6,211 |
| Incoming resources from | |
| charitable activities | |
| grants | 24,056 |
| Investment income | 1,000 |
| Total | 31,267 |
| RESOURCES EXPENDED ON | |
| Costs of generating funds | 23,720 |
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Sikh Nari Manch UK (All Sikh Women’s Organisation)
Notes to the Financial Statements - continued for the Year Ended 31 March 2024
6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
| continued | |
|---|---|
| Unrestricted | |
| funds | |
| £ | |
| Charitable activities | |
| grants | 10,753 |
| Total | 34,473 |
| NET INCOME/(EXPENDITURE) | (3,206) |
| RECONCILIATION OF FUNDS | |
| Total funds brought forward | 243,984 |
| TOTAL FUNDS CARRIED | |
| FORWARD | 240,778 |
7. TANGIBLE FIXED ASSETS
| COST At 1 April 2023 Additions Reclassification At 31 March 2024 DEPRECIATION At 1 April 2023 Charge for year At 31 March 2024 NET BOOK VALUE At 31 March 2024 At 31 March 2023 |
Land and buildings £ 265,686 2,213 - 267,899 22,796 3,205 26,001 241,898 242,890 |
Plant and machinery etc £ 29,020 - (1,144) 27,876 25,514 526 26,040 1,836 3,506 |
Totals £ 294,706 2,213 (1,144) 295,775 48,310 3,731 52,041 243,734 246,396 |
|---|---|---|---|
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Sikh Nari Manch UK (All Sikh Women’s Organisation)
Notes to the Financial Statements - continued for the Year Ended 31 March 2024
| 8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.24 £ Trade creditors - Social security and other taxes 420 Accrued expenses 2,879 3,299 9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR 31.3.24 £ Loan 6,732 10. MOVEMENT IN FUNDS Net movement At 1.4.23 in funds £ £ Unrestricted funds General fund 240,778 362 TOTAL FUNDS 240,778 362 Net movement in funds, included in the above are as follows: Incoming Resources resources expended £ £ Unrestricted funds General fund 32,853 (32,491) TOTAL FUNDS 32,853 (32,491) Comparatives for movement in funds Net movement At 1.4.22 in funds £ £ Unrestricted funds General fund 243,984 (3,206) TOTAL FUNDS 243,984 (3,206) |
31.3.23 £ 1 1,904 1,799 3,704 31.3.23 £ 9,394 At 31.3.24 £ 241,140 241,140 Movement in funds £ 362 362 At 31.3.23 £ 240,778 240,778 |
|---|---|
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Sikh Nari Manch UK (All Sikh Women’s Organisation)
Notes to the Financial Statements - continued for the Year Ended 31 March 2024
10. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 31,267 | (34,473) | (3,206) |
| TOTAL FUNDS | 31,267 | (34,473) | (3,206) |
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund TOTAL FUNDS |
At 1.4.22 £ 243,984 243,984 |
Net movement in funds £ (2,844) (2,844) |
At 31.3.24 £ 241,140 |
|---|---|---|---|
| 241,140 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 64,120 | (66,964) | (2,844) |
| TOTAL FUNDS | 64,120 | (66,964) | (2,844) |
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Sikh Nari Manch UK (All Sikh Women’s Organisation)
Notes to the Financial Statements - continued for the Year Ended 31 March 2024
11. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2024.
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Sikh Nari Manch UK (All Sikh Women’s Organisation)
Detailed Statement of Financial Activities for the Year Ended 31 March 2024
| Detailed Statement of Financial Activities for the Year Ended 31 March 2024 |
|||
|---|---|---|---|
| 31.3.24 | 31.3.23 | ||
| £ | £ | ||
| INCOMING RESOURCES | |||
| Voluntary income | |||
| Gifts | (1) | - | |
| Donations | 7,432 | 6,211 | |
| 7,431 | 6,211 | ||
| Investment income | |||
| Rents received | - | 1,000 | |
| Incoming resources from charitable activities | |||
| Grants | 25,422 | 24,056 | |
| Total incoming resources | 32,853 | 31,267 | |
| RESOURCES EXPENDED | |||
| Fundraising trading: cost of goods sold and other costs | |||
| Improvements to property | 3,204 | 3,248 | |
| Fixtures and fittings | 526 | 330 | |
| Computer equipment | - | 288 | |
| 3,730 | 3,866 | ||
| Support costs | |||
| Management | |||
| Wages | 17,160 | 17,160 | |
| Social security | - | 1,214 | |
| Pensions | 328 | 328 | |
| Telephone | 560 | 592 | |
| Postage and stationery | - | 367 | |
| Sundries | 508 | 38 | |
| transport | - | 414 | |
| webhosting | 110 | 360 | |
| workshop | 600 | 1,471 | |
| volunteer expense | 1,342 | 1,234 | |
| Legal and Professional fees | 51 | 13 | |
| Rent,rates and Insurance | 6,593 | 6,166 | |
| 27,252 | 29,357 | ||
| Finance | |||
| Bank charges | 93 | 98 |
This page does not form part of the statutory financial statements
Page 19
Sikh Nari Manch UK (All Sikh Women’s Organisation)
| Detailed Statement of Financial Activities | ||
|---|---|---|
| for the Year Ended 31 March 2024 | ||
| 31.3.24 | 31.3.23 | |
| £ | £ | |
| Finance | ||
| Other 4 | ||
| Accountancy and legal fees | 1,416 | 1,152 |
| Total resources expended | 32,491 | 34,473 |
| Net income/(expenditure) | 362 | (3,206) |
This page does not form part of the statutory financial statements
Page 20