Sangini Financial Statements – 1[st] April 2020 – 31[st] March 2021
## **SANGINI**
## **Financial Statements For the period 1[st] April 2020 – 31[st] March 2021**
## **Charity No. 1124769**
_Prepared By:_
Julie Maxwell MICB 11 Edith Street Jarrow NE32 5HS
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Sangini Financial Statements – 1[st] April 2020 – 31[st] March 2021
## **Legal and Administrative**
## **Registered office address**
126 Talbot Road South Shields Tyne and Wear NE34 0RG
## **Charity No. 1124769**
**Trustees**
**Mrs Sree Reddy**
**Dr Gitika Banerjee**
**Nilima Chowdhry**
**Cllr Pat Hay**
## **Kathleen Boodhai**
**Jean Copp**
## **Bankers**
Barclays Bank
The Trustees have pleasure in presenting their report and the unaudited financial statements of SANGINI for the period ended 31[st] March 2021
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Sangini Financial Statements – 1[st] April 2020 – 31[st] March 2021 **Principle Activity**
Sangini believes in the creative interventions and creates various approaches to address issues, such as Mental Health, Domestic Violence, Gender Equality. The activities include:
- Arts Projects
- Artists Commissioning
- Education Workshops
## **Objectives**
To promote for the benefit of women of all ages, in particular women from minority ethnic communities in this country and abroad, although with particular reference to those living in the North East, especially in the Tyne and Wear Region, the following charitable purposes:
- The relief of poverty
- The preservation and protection of good physical health and mental health
- The advancement of education
- The promotion of equality and diversity
- The provision of facility in the interests of social welfare for recreation or other leisure time occupation of individuals who have need of such facilities by reason of their youth, age, infirmity or disability, financial hardship or social circumstances with the object of improving their conditions of life
## **Statement of trustee’s responsibilities**
The trustees are responsible for preparing the Trustees' Annual Report and the Financial Statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). In preparing those financial statements, the trustees are required to:
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Sangini Financial Statements – 1[st] April 2020 – 31[st] March 2021
- select suitable accounting policies and apply them consistently;
- make judgements and estimates that are reasonable and prudent;
- state whether applicable accounting standards have been followed, subject to any material 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 operation.
The trustees are responsible for keeping accounting records that disclose with reasonable accuracy at any time the financial position of the charity. 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
Trustee Signature …………………………………………………………. Name
…………………………………………………..
Date …………………………………………………………………………………
## **Independent Examiners Report**
I report on the financial statements of Sangini for the period ended 31[st ] March 2021.
## **Independent Examiners Statement**
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Sangini Financial Statements – 1[st] April 2020 – 31[st] March 2021 As the charity trustees of the Trust, 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 the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed 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:
- accounting records were not kept in accordance with section 130 of the Act or
- the accounts do not accord with the accounting records
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Signed Date 23/11/2021
Julie Maxwell MICB – Independent Examiner
11 Edith Street Jarrow Tyne and Wear NE32 5HS
This page does not form part of the statutory financial statements
Statement of Financial Activities
**Receipts Unrestrict Restricte Total 2021 Total**
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## Sangini Financial Statements – 1[st] April 2020 – 31[st] March 2021
||**ed**||**d**|||**2020**|
|---|---|---|---|---|---|---|
||£||£||£|£|
|**Voluntary Receipts**|||||||
|Grants|20,165||72,751||92,916|4,500|
|**From Charitable**
**Activities**|||||0|0|
|Consultancy|20,541||||20,541|410|
|Sessional Costs|||||0|2,900|
|Other Income|||||0|57|
|**Total Income**|**40,706**||**72,751**||**113,457**|7,866|
|**Payments**|||||||
|Consultancy Fees|||44113||44113|5,971|
|Rent||450|1,962||2,412|3,600|
|IT||||144|144|0|
|Ofce Costs||||320|320|2,285|
|Project Costs|||11,387||11,387|350|
|Direct Expenses|||8,231||8,231|8,804|
|Supplies|||5,479||5,479|1,321|
|Fundraising Expenses|||||0|0|
|Sundries|||||0|55|
|AccountingFees||970|||970|710|
|**Total Payments**|**1,420**||**71,636**||**73,056**|23,09
6|
|Adjustment from||||||10,33|
|Reserves||||||3|
|Surplus/(defcit) for
year|39,286||1,115||40,401|-4,896|
|||||||0|
|||||||0|
|Opening cash at
Bank|34,244|||0|34,244|34,24
4|
|||||||0|
|Closing Reserves|73,530||1,115||74,645|29,34
8|
**Balance Sheet as 31/03/2021**
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Sangini Financial Statements - I" April 2020 - 31" March 2021
2021
71 Page
Sangini Financial Statements – 1[st] April 2020 – 31[st] March 2021 **ASSETS**
|**ASSETS**|||
|---|---|---|
|Fixed Assets|672||
|Ofce equipment and IT|£168||
||Total Fixed Assets|£840|
|**Current Assets**|||
|Trade Debtors|£3,398||
|Bank and Cash|£78,686||
||Total Current Assets|£82,084|
||TOTAL ASSETS|£82,924|
|**LIABILITIES**|||
|**Current Liabilities**|||
|Arts Connect|£8,229||
|Accounts|£250||
||Total Current Liabilities|£8,479|
||TOTAL LIABILITIES|£8,479|
||TOTAL NET ASSETS|£74,445|
|**Funds**|Restricted Funds|£0|
||Unrestricted Funds|£34,445|
||Designated Funds|£15,000|
||Reserves|£25,000|
||Total Funds|£74,445|
Name……………………………………………………. Signed ………………………………………………….. Date ……………………………………………………….
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Sangini Financial Statements – 1[st] April 2020 – 31[st] March 2021
## **1. Accounting Policies**
The Financial Statements of the charity have been prepared under the historic cost convention in accordance with the Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard application in the UK and Republic of Ireland (FRS102) Charities SORP (FRS102) and the Charities Act 2011
## **2. Basis of Preparation**
The accounts have been prepared using the accruals method. An audit is not required by the Charity's constitution and has not been requested by the Trustees.
## **3. Grants**
The following funding was received during the period:
|**Grants**|**Unrestricted**|**Restricted**|**Total**
**2021**|
|---|---|---|---|
|Heritage Lottery Fund||19700|19,700.00|
|Covid Response Funding|9,922.00||9,922.00|
|Coalfelds Funding||20205|20,205.00|
|Winter Resilience||10000|10,000.00|
|Mind|8,942.74||8,942.74|
|Hadrian Trust|1,000.00||1,000.00|
|Arts Council England||13495|13,495.00|
|Rotary Club|300.00|||
|CommunityFoundation||9351|9,351.00|
|Total|20,164.74|72,751.00|92,615.74|
## **4. Transactions with trustees and related parties**
No Trustees were paid any remuneration or expenses during the period
## **5. Guarantee**
There have been no guarantees given by Sangini at 31[st] March 2021.
## **6. Debt**
There is no debt outstanding which is owed by Sangini and which is secured by an excess charge on any of the assets of Sangini at 31[st] March 2021
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Sangini Financial Statements – 1[st] April 2020 – 31[st] March 2021 **7. Governing Document**
The organisation is a Charitable Incorporated Organisation - Foundation registered 1[st] July 2008 as a body corporate under part 11 of the Charities Act 2011.
## **8. Risks**
The trustees have examined the major risks which the charity faces in relation to external factors, governance and management, internal operations and business. The trustees have considered the likelihood and the impact of risks, and continually review the systems in place to reduce those risks. The systems are being designed to provide reasonable assurance against material loss.
## **9. Charity Funds**
The Charity has set aside from unrestricted reserves an ‘Emergency Fund’ shown as a Designated Fund on the statement of Financial Activities, this pot is aside from the Restricted Reserves
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Sangini Financial Statements – 1[st] April 2020 – 31[st] March 2021
## **Profit and Loss**
|**Proft and Loss**|||
|---|---|---|
|Sales|||
|4000 - SWAG Group|1,056.00||
|4003 - Friends of the Drop in|2,250.00||
|4004 - Heritage Lottery Fund|19,700.00||
|4005 - Covid Response Funding|9,922.00||
|4006 - Coalfelds Funding|20,205.00||
|4007 - Sales- Packs|434||
|4008 - Winter Resilience|10,000.00||
|4009 - Mind|8,942.74||
|4010 - Grants - General|2,800.00||
|4011 – Voice4Change|1,000.00||
|4012 - Arts Council England|13,495.00||
|4020 - Grants Restricted|9,351.00||
|4900 - Other income|12,793.30||
|4915 - Income unrestricted|1,508.00||
||Total Sales|£113,457.04|
|Direct Expenses|||
|5000 - Specialist Worker / Trainers|755.22||
|5020 - Project Co-ordination|19,056.00||
|5060 - Other Direct Expenses|861.46||
||Total Direct Expenses|£20,672.68|
||GROSS PROFIT / LOSS|£92,784.36|
|Overheads|||
|6000 - Flyers and Marketing|280||
|7000 - Employee Wages and Salaries|23,440.00||
|7091 - Sessional Workers|8,231.43||
|7100 - Rent|2,412.00||
|7200 - PPE / Health and Safety|554||
|7300 - Materials|5,479.64||
|7330 - Website|1,201.30||
|7400 - Travelling|9.45||
|7460 - Subsistence|70.46||
|7510 - Postage and Carriage|83.77||
|7520 - Ofce Stationery|168.26||
|7530 - Telephone|320.32||
|7610 - Accountancy Fees|970||
|7620 - Consultancy & Professional Fees|2,060.77||
|7900 - Bank Charges and Interest|-1.85||
|8030 - Ofce Equipment and IT Depreciation|5,859.65||
|8210 - Subscriptions|1,235.39||
|8240 - Refreshments|9.7||
||Total Overheads|£52,384.29|
||NET PROFIT / LOSS|£40,400.07|
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