REGISTERED COMPANY NUMBER: 05283848 (England and Wales) REGISTERED CHARITY NUMBER: 1109863
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 March 2023
for
SAHIL PROJECT
SKS Justa & Co Ltd Justa House 206-208 Holbrook Lane Coventry CV6 4DD
SAHIL PROJECT
Contents of the Financial Statements for the Year Ended 31 March 2023
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 2 |
| Independent Examiner's Report | 3 | ||
| Statement of Financial Activities | 4 | ||
| Balance Sheet | 5 | ||
| Notes to the Financial Statements | 6 | to | 10 |
SAHIL PROJECT
Report of the Trustees for the Year Ended 31 March 2023
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 2023. 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).
Trustee's responsibilities statement
The following statement is made with a view to distinguishing for members the respective responsibilities of the Trustees and the Accountants in relation to the financial statements.
The Trustees are required to prepare accounts for each financial year which give a true and fair view of the state of affairs of the project and of the surplus/deficit of the project for that period. In preparing those accounts, the Trustees are required to:
- select suitable accounting policies and then apply them consistently;
- make judgments and accounting estimates that are reasonable and prudent;
- state whether applicable accounting standards and statements of recommended practice have been followed subject to any departures disclosed and explained in the financial statements;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charity's transactions and 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 1993. 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.
Iqbal Kaur Rihal Trustee
.
Page 1
SAHIL PROJECT
Report of the Trustees for the Year Ended 31 March 2023
STRUCTURE, GOVERNANCE AND MANAGEMENT
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.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
05283848 (England and Wales)
Registered Charity number
1109863
Registered office
449 FOLESHILL ROAD FOLESHILL COVENTRY WEST MIDLANDS CV6 5AQ
Trustees
Aravinda Rao Parnandi Dr Usha Jetty Iqbal Kaur Rihal Resham Kaur Zahoor Bargir
Company Secretary Rani Harjit Saund
Independent Examiner
SKS Justa & Co Ltd Justa House 206-208 Holbrook Lane Coventry CV6 4DD
Approved by order of the board of trustees on 28 November 2023 and signed on its behalf by:
Iqbal Kaur Rihal - Trustee
Page 2
Independent Examiner's Report to the Trustees of SAHIL PROJECT
Independent examiner's report to the trustees of SAHIL PROJECT ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2023.
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:
-
accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or
-
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.
Mandeep Singh Sahota, FCCA, FFA
SKS Justa & Co Ltd Justa House 206-208 Holbrook Lane Coventry CV6 4DD
28 November 2023
Page 3
SAHIL PROJECT
Statement of Financial Activities
for the Year Ended 31 March 2023
| Unrestricted funds Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 2 11,843 EXPENDITURE ON Charitable activities 3 Expenditure on charitable activities 85,186 NET INCOME/(EXPENDITURE) (73,343) RECONCILIATION OF FUNDS Total funds brought forward 137,486 TOTAL FUNDS CARRIED FORWARD 64,143 |
Restricted fund £ 123,589 109,890 13,699 5,969 19,668 |
2023 Total funds £ 135,432 195,076 (59,644) 143,455 83,811 |
2022 Total funds £ 159,605 141,034 18,571 124,884 143,455 |
|---|---|---|---|
The notes form part of these financial statements
Page 4
SAHIL PROJECT
Balance Sheet 31 March 2023
| Unrestricted funds Notes £ FIXED ASSETS Tangible assets 9 12,755 CURRENT ASSETS Debtors 10 24,580 Cash at bank and in hand 33,032 57,612 CREDITORS Amounts falling due within one year 11 (6,225) NET CURRENT ASSETS 51,387 TOTAL ASSETS LESS CURRENT LIABILITIES 64,142 NET ASSETS 64,142 FUNDS 12 Unrestricted funds Restricted funds TOTAL FUNDS |
Restricted fund £ - - 19,669 19,669 - 19,669 19,669 19,669 |
2023 Total funds £ 12,755 24,580 52,701 77,281 (6,225) 71,056 83,811 83,811 64,142 19,669 83,811 |
2022 Total funds £ 15,006 24,580 106,937 131,517 (3,068) 128,449 143,455 143,455 137,486 5,969 143,455 |
|---|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
-
(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.
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 28 November 2023 and were signed on its behalf by:
Iqbal Kaur Rihal - Trustee
The notes form part of these financial statements
Page 5
SAHIL PROJECT
Notes to the Financial Statements for the Year Ended 31 March 2023
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.
2. DONATIONS AND LEGACIES
| Donations Lloyds Bank Foundation Coventry Warwickshire Mind Partnership Hire of room Warwickshire Community Safety- Innovation Fund Lottery Commonwealth Active Communities Funding Coventry City Council Covid -19 Related Grants Carried forward |
2023 £ 943 17,250 98,320 120 12,489 780 3,440 2,090 - 135,432 |
2022 £ - 25,000 98,320 266 28,270 - - 1,000 6,749 |
|---|---|---|
| 159,605 |
continued...
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SAHIL PROJECT
Notes to the Financial Statements - continued
for the Year Ended 31 March 2023
2. DONATIONS AND LEGACIES - continued
| Brought forward 3. CHARITABLE ACTIVITIES COSTS Expenditure on charitable activities 4. SUPPORT COSTS Expenditure on charitable activities 5. NET INCOME/(EXPENDITURE) Net income/(expenditure) is stated after charging/(crediting): Depreciation - owned assets |
Direct Costs £ 183,680 |
2023 2022 £ £ 135,432 159,605 135,432 159,605 Support costs (see note 4) Totals £ £ 11,396 195,076 Management £ 11,396 2023 2022 £ £ 2,251 2,649 |
|---|---|---|
6. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2023 nor for the year ended 31 March 2022.
TRUSTEES' EXPENSES
There were no trustees' expenses paid for the year ended 31 March 2023 nor for the year ended 31 March 2022.
7. STAFF COSTS
The average monthly number of employees during the year was as follows:
2023 2022
No employees received emoluments in excess of £60,000.
continued...
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SAHIL PROJECT
Notes to the Financial Statements - continued for the Year Ended 31 March 2023
| 8. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted funds £ INCOME AND ENDOWMENTS FROM Donations and legacies 32,015 EXPENDITURE ON Charitable activities Expenditure on charitable activities 19,413 NET INCOME 12,602 RECONCILIATION OF FUNDS Total funds brought forward 124,884 TOTAL FUNDS CARRIED FORWARD 137,486 9. TANGIBLE FIXED ASSETS COST At 1 April 2022 and 31 March 2023 DEPRECIATION At 1 April 2022 Charge for year At 31 March 2023 NET BOOK VALUE At 31 March 2023 At 31 March 2022 10. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Other debtors |
Restricted fund £ 127,590 121,621 5,969 - 5,969 2023 £ 24,580 |
Total funds £ 159,605 141,034 18,571 124,884 143,455 Fixtures and fittings £ 64,001 48,995 2,251 51,246 12,755 15,006 2022 £ 24,580 |
|---|---|---|
continued...
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SAHIL PROJECT
Notes to the Financial Statements - continued for the Year Ended 31 March 2023
11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Other Creditors Social security and other taxes Accrued expenses 12. MOVEMENT IN FUNDS Unrestricted funds Restricted funds Restricted TOTAL FUNDS Net movement in funds, included in the above are a Unrestricted funds Restricted funds Restricted TOTAL FUNDS |
At 1.4.22 £ 137,486 5,969 143,455 s follows: |
Net movement in funds £ (73,344) 13,700 (59,644) Incoming resources £ 11,843 123,589 135,432 |
2023 2022 £ £ 2,360 - 1,933 1,412 1,932 1,656 6,225 3,068 Transfers between At funds 31.3.23 £ £ - 64,142 - 19,669 - 83,811 Resources Movement expended in funds £ £ (85,187) (73,344) (109,889) 13,700 (195,076) (59,644) |
|---|---|---|---|
continued...
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SAHIL PROJECT
Notes to the Financial Statements - continued
for the Year Ended 31 March 2023
12. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| Net movement At 1.4.21 in funds £ £ Unrestricted funds 124,884 12,602 Restricted funds Restricted - 5,969 TOTAL FUNDS 124,884 18,571 Comparative net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds 32,015 Restricted funds Restricted 127,590 TOTAL FUNDS 159,605 13. RELATED PARTY DISCLOSURES |
Transfers between At funds 31.3.22 £ £ - 137,486 - 5,969 - 143,455 Resources Movement expended in funds £ £ (19,413) 12,602 (121,621) 5,969 (141,034) 18,571 |
|---|---|
There were no related party transactions for the year ended 31 March 2023.
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