## **Trustees’ Annual Report for the period** **From** 01/01/2022 **to** 31/12/2022 **Charity name:** Coventry Asian Sports Federation **Charity registration number:** 1129955 ## **Objectives and Activities** ||SORP reference|| |---|---|---| |Summary of the purposes of
the charity as set out in its
governing document|Para 1.17|To promote sports amongst citizens of Asian
origin, and to encourage multicultural
organisations into participating in sporting
events.| |Summary of the main
activities in relation to those
purposes for the public
benefit, in particular, the
activities, projects or services
identified in the accounts.|Para 1.17 and
1.19|Promotion of kabaddi sports through the
holding of an annual tournament, and by
holding various exhibition matches between
visiting sports teams from around the world.
Providing training to youths in kabaddi, and
encouraging youngsters to join this sport
throughout the year.| |Statement confirming
whether the trustees have
had regard to the guidance
issued by the Charity
Commission on public
benefit|Para 1.18|Yes| |**Achievements and Performance**||| ||SORP reference|| |Summary of the main
achievements of the charity,
identifying the difference the
charity’s work has made to
the circumstances of its
beneficiaries and any wider
benefits to society as a
whole.|Para 1.20|The charity has continued to promote sports
of an Asian origin in the UK. After a 3 year
break due to COVID-19, the annual kabaddi
tournament was held once again in
Coventry, with funds generated through
sponsorships and donations from
individuals.| ## **Financial Review** |**Financial Review**||| |---|---|---| |Review of the charity’s
financial position at the end
of the period|Para 1.21|The charity was in a strong financial position
at the end of December 2022, with its
financial reserves increasing over the year.| |Statement explaining the
policy for holding reserves
stating why they are held|Para 1.22|Reserves are held only in the short-term,
and are used towards the next tournament
the following year.| |Amount of reserves held|Para 1.22|£13,216| |Reasons for holding zero
reserves|Para 1.22|Not applicable| |Details of fund materially in
deficit|Para 1.24|Not applicable| |Explanation of any
uncertainties about the
charity continuing as a going
concern|Para 1.23|Not applicable| ## **Structure, Governance and Management** |Description of charity’s
trusts:||| |---|---|---| |Type of governing document|Para 1.25|Constitution adopted 1 February 2009,
amended on 10 June 2015.| |How is the charity
constituted?|Para 1.25|Trust| |Trustee selection methods
including details of any
constitutional provisions e.g.
election to post or name of
any person or body entitled
to appoint one or more
trustees|Para 1.25|Appointed by existing trustees| ## **Reference and Administrative details** |Charity name|Coventry Asian Sports Federation| |---|---| |Other name the charity uses|| |Registered charity number|1129955| |Charity’s principal address|16 Barnack Avenue
Coventry
CV3 6LA| ## **Names of the charity trustees who manage the charity** |1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20|**Trustee name**|**Office (if any)**|**Dates acted if not for whole**
**year **|**Name of person (or body) entitled**
**to appoint trustee (ifany)**| |---|---|---|---|---| ||Mr Satnam Singh
Gill|||| ||Mr Bhajan Singh
Samra|||| ||Mr Shinder Singh
Pahal|||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| ## – Corporate trustees names of the directors at the date the report was approved **Director name** Name of trustees holding title to property belonging to the charity **Trustee name Dates acted if not for whole year** **Funds held as custodian trustees on behalf of others** Description of the assets held in this capacity Not applicable Name and objects of the charity on whose behalf the assets are held and how this Not applicable falls within the custodian charity’s objects Details of arrangements for safe custody and segregation of such assets Not applicable from the charity’s own assets ## **Additional information (optional)** ## **Names and addresses of advisers (Optional information)** |**Names and addresses of advisers (Optional information)**|**Names and addresses of advisers (Optional information)**|**Names and addresses of advisers (Optional information)**| |---|---|---| |**Type of**
**adviser**
**Name**
**Address**||| |Accountants|Sachdev & Co.|5 Albany Road, Earlsdon, Coventry, CV5 6JQ| |||| |||| |||| |**Name of chief executive or names of senior staff members (Optional information)**||| |||| ## **Exemptions from disclosure** Reason for non-disclosure of key personnel details ## **Other optional information** ## **Declarations** **The trustees declare that they have approved the trustees’ report above.** **Signed on behalf of the charity’s trustees** |**Signed** **on behalf of the**|**charity’s trustees**|| |---|---|---| |**Signature(s)**
**Full name(s)**
**Position (eg Secretary,**
**Chair, etc) **
**Date**||| ||Bhajan Singh Samra|Satnam Singh Gill| ||
Trustee|Trustee| ||26 September 2022|| ||26 September 2022|| CHARITY COMMIS510N FOR ENGLAND AND WALES Coventry Asian Sports Federation Chari Annual Accounts for the Period 01 January 2022 To 31 December 2022 No 1129955 Section A Statement of financial activities Restricted income fijnds R￿OrnMended eat8gorie8 by activity Unrestrietsd funds Endowmènt funds Prior year funds Totsl funds Incoming resouT¢es (Note 31 F01 F02 F03 F04 F05 Income and endowments from: Donatyw$and10oaties Charitable attivrtres Other trnding Investments Separ* ￿￿ter1￿ item of inrome Oiher Sol 36,567 36,567 S02 S03 $04 sos 10,000 10,000 rotal Resources exptrnded (Note 6 $07 46,567 46,567 Exppnditure on: F Ihis is d8tailedin the box below. Re¢¢)5Jnition of Income These are included in the Stslement cf Finanaal A¢bvities ISOFAI when.. Ihe ¢harty become8 enbtkd to the r8sourc*s', it ts more likely th2n nat thatthe trustees wll re￿1ve the resOu￿S,. and the rnonetary value ¢an be measured with suffiient reliabilty. Yes No Nla There has been no offsetting Qf assets and Itabilitiès, QT income and expen3es. un￿$ required or pemiitted by the FRS 102 SORP or FRS 1￿2. Yes No Nla Yes No Nla Grants and donabon5 ar8 onty induded in the ScFAwken the geneTal ncorne recogn￿On uitsria are met15.10 to 5.12 FRS102 SORPI. Grants and donations In Ihe ¢ase of perftsrman￿ related grants. inco￿￿ mu$t onty be recognised to the extent that the charty has pmmded the spectr￿d goods orse[vi￿ as entit￿Ment to the grant only Ocfxjrs when the performance rejoted ¢ondthon5 are m8t15.16 FRS 102 SORPI. Legaoe5 ar8 Includ￿ in the SOFAwhen receipt is probable. that is, %vhen there has been grant of probate, the exeojtors have established Ihal there are strffi(ient assets in thé estate and any conditions attathed io the legacy a￿ etherwithin the control of the ¢harity or have bean met Yes No Nla Le9aciÈs Yes N12 Yes No Govemment grants The Charity h?s reteNd govern￿￿￿t grants in the reportrng Fericd Grfl￿d receivab￿ 1$ In￿￿e￿ in incorne when there is a v81id dedaration from the donor. My Grft￿d amount recovered on a donation i8 ¢onsKlered to be part of Ihat gift and is treat￿ 8s an addrtion to the same lund as the initial donation unks8 the donor or Ihe tem￿ of ¥)e appeal have spec¢fEd otherwse. Tax re¢Jaims on donatlgrs an(1 gitts Yes Nla Contrn¢tual income and performance related grants Yes No This Is only mduded in the SOFA ts￿￿ the charty h8s provided the reLgted goods or or met the perforrnance relat￿ conditions. Yes Donated 900(1s D¢nat•d goods ar• ￿aSured atfgir valuè (the amount for whith the asset coukl be exthangedl unless impra¢lK31 to do so. The costof any $tod¢ of 9wls donated for di¥tribubon to benefioarie5 15 deem￿ to be fair value of those gffts at the time oftheir receipt and th8y are rewgnised on r￿lpt. In the ￿￿ting period in which Ihe Stocks are dtstributed, they are recognised as an expense atthe carrying amount of the stocks at dBtribution. Donated gcods for resale ate T￿easu￿tt atfairvalue on inrtial ￿COgnition. wht¢h Ls the expected proceeds from sak kss the expected costs of sale, and recognised in'lnccrne frorn othertrading acti¥￿'e5. with the Co￿eSpOnding stock recogni8ed in the balan( sheet. On sale the value of stock B charged against'lncom8 from othertrading acb¥￿e$, an¢ the pr￿d$ from sak are abo r¢cognised as'lncorrE frorn othertrading activities.. Yes No Nla Yes Nlg Yes No Nla G<￿$ donated for owthng use by the charity are recogni5ed a5 tsn9ib￿ fL¥ed assets and included in the SOFA as incotning resour￿ when re￿1Vable. Yes No Nla Gffts in kind for use by the ¢harity are Inclut¥aY the SOFA as inc0￿e frorn donations %then re￿Nab￿. Dor￿tell services an facilities Donated Sertes and faCil￿eS are induded in the SOFAwhen re¢tNed at the value of the gfft to the charity provided the value of the grft can be Mèasur￿ reltably. Donated servw and fa¢ilthe$ that are consumed imrnediatety are ￿cOgniSed as income with an equNaknt amount re￿gn￿d as an expense L*nder the appropriate heading in the SOFA Yes Nla Yes No Nla Yes Nla Support ¢osts The charity has Incur￿ expendrture on support costs. Th*th io nr%+ inn11￿4￿￿ in +ha hi0 Yes No Nla Volunteer help in th8 Iru5tees' annual TEtX)rt es Income Intar•s( ThKs 15 included in the accounts when receipt 18 probab￿ and the amgunt r8eeNabb can royaltles and divides)ds bè measured Teliably. es Nla Income from momb8rshlp Memt¢rship $ubscripts"on5 r8c8ived In the nature of a 9rft are reccgnised In Donations sub$¢rlptions and Legacies Memb8rship sub5GriPtions which 9ive$ 8 memberthe rtght to buy 5eTvice$ or other benefits are recogni5ed as income eamed from the provi5i0n ofgotsJ8 and seT¥ice$ as neom8 fvom charilabk activitES. Insurance claim$ are only included in the SOFA when the g8n8r81 income re￿gnition rrteria afe m8t15.10 to 5.12 FRS102 SORPI and are included 8$ an item of other incorne the SOFA. es Yes Nla 5ottlem8nt of insurance claims Yes No Nl8 Investment gains and los$es This Indudes any realised or un￿alISed gains or k)sses on the sale cf inve$tm8nts and any gain or loss resulting fvom revaluing Inve81ment5 to marf(et value at the 6￿1 of the year. 2.3 EXPENDITURE AND LIABILITIES Llablllty recognitlon Liabilitie5 are ￿COgnised where It is more lik81y than not that there is a legal or conslru¢tyvg obligation committing the charity lo pay out rtsources and the amount ol the obligation can be measured with ￿8$Onabl8 Certainty. SuppDrt ¢0$18 have been allotated between gtsvemance costs and other SUPFQrt. Govèrnan￿ costs compn8e all costs involving public a¢countability of the charity and its tompliance with regulation and good practi￿. Yes Nla e5 Governan¢¢ and sUPPOrt costs Support costs Indude central fUn￿KIn$ and have been allocated to activity cost categories on a ba$b consistent with tt)e use of re50urco$, eg allocats.ng property costs by floor areas. or per capila. staff Costs by the tir￿ Spent and other costs by their usage. Yes No Nla es la Grants wlth perfornance conditions Where the tharity gwes a grant wikn condition$ for its paym8nt bèing a Specffic level of Sérvi￿ or output to ba provided. such grants are only recognised in the SoFAort￿ the recipient of the grant has prOV￿ed the specified servKe or output Where the￿ a￿ no condrtions atta¢hing to the grant that ￿nab￿S th• donor charity to alisli¢alty avoid the commitment. a Irability for the full funding oblh3ation rnu51 be recognised Yes No Nla Grants payable witho¥Jl perfomiance condlllons Yes Nla Redundancy cost Th8 made no redundancy paymen15 duriry the rwrting perK)d. Ye5 No Nla Dgferrod income No material item of defer￿d inc¢me has been included in the account5. es No Nla Cr8dltors The charity has creditors %Yhich are measured at settlement amounts any trade discounts A Iiabilty is measured on recognition at its historical cost and then subsequenuy measured at best estimate of the amount required to setlle the obligation at thè porting dale The charity accounts foi basic financial instrument5 on initial recognition a5 pgr paragr8ph 10.7 FRS102 SORP. Subwuenl measur8rn8nt Is a$ per paragraphs 11.17 to 11.19. FRS102 SORP. Yes No Nla Provlslons for Ilabllltl•s Ba51c financial instruments Yes No N18 2.4 ASSETS Tangible flxed assets for These ar8 caprtalised if they can be used for more than one year, and cost at ￿88t use by ¢harlty Nla Yes No They are valued at cost. The depreciation rates and methods used are disclosed in note 9.2. The th8rity has intsng1tl￿ fixed as5et$, that is, non-monetary a$sets that do not have physical substance but are identifiabl8 and are ¢onirolled by the charity through custody or legal rights. The amortisalion rates and methods used 8re disdosed in note 9.5 Intanglble flxed assots Yes No Nla es They are valued at cost. The chaity has heritage a55ets, that 1$, non-monelary assets with historic. aflistic. sc*ntlf￿. technological. geophy8icaS or environmental qualities that ar8 held and maintsined principally for their contribution to knO￿edge and cultu￿. The d8precialion rat8s and methods used as disdosed in note 9.6.1.4. Heritage assets Yes No Nia Wa They are valued at cost asset investrnents in quoted shares, tratted bonds and Similar investmenls a valued al initially at cost and suwuenlly at fair value Ilheir market value) at the year end. The same treatrent 6 applied to unl￿tEd invesbments unèss tsir value cannot be measured rtrliabty in which case il is measured at Cost less unpairrnent Invethents held for ￿Sale or pending their sale and cash and ¢ash eouivaknts with 8 maiurrty date of kn than 1 year are treated as current asset investments Yes Nla Yes No Nla Stocks and work in progress Stod($ held for sale as part of noTrcharitsble trade a￿ measured at the I￿r or rx)st or net realisable value. No Good5 orservir£s prOV￿ed as part of a d)aritable actNity are Measu￿ at net realisab￿ ¥a￿e based the service potential provided by Items of stod(. Yes Nla Work in prvJres$ k% valued at Cost * ?ny foreseeabk k)ss that 15 likely to occur on t contract. Yes No Nla Debtors Ilnduding tr3de debtots and loans receiv8b￿l arg mea$ured on In￿01 at settlement amount afterany tr8de discounts or amount aOvan(td by the charity. Subsequenty, they are Measu￿ at the cash or other consideration expected to be re￿Ned. The tharity has has investrnents whi¢h it for resale orpending their Sa￿ and cash and cash equivaknts wth a rnaturity date less than one year. These in¢lude ¢a$h on deposit and cash equivalents with 8 matsjrty date of less than one year hekl lor investrlent purposes Tather than to meet $horttem ¢ash Commthents as they fall Yes No Nla Debtors Current asset inyesthients Yes Nla Yes No Nla They are vaJu&1 attsir Val￿ eX￿ptW￿ere they qualfy as basicfinan¢Aal instruments. POLICIES ADOPTED ADDITIONAL TO OR DIFFERENT FROM THOSE ABOVE Section C Notes to the accounts Icontl Note 3 Analysis of income Rvtrictsd Unmtrithd Income En¢Jowmont Funds Total funds PIlory￿r Ana 18 Donations and lègacles.. Donèhons and Gift Aid acies General grants provided by governm8nUother 36,567 Membership subscriptions and sponsorships wh an￿￿ Donated oods. 18cJlities and services Other Total 36.567 36,567 Charltable octlvltkn$'. Other Totsi Other trading activitiès: Other Total Incc*me from Investments: Interest Incorne Dividend illCOrnE Rental and leasin Othor in￿rne Totsi Separate materfal item of income.. Monies Released b Askews LLP 10.000 Total 10.000 Other. Conversion of endowrnent funds into incorne Gain on disposal of a langible fixeLI asset held own Gain on disposal of a programme related Royalties Irorn the exploitation ol intelleth231 Offter Totsl TOTAL INCOME 46 567 36 567 Olher information.. All Incomo In the prlof yearwas unrestricted *x¢aptfor: Ipleas8 providè d88CriPtion and amountsl Not applic•bl• Where any endovmient lund is ¢onvort6d into In¢om8 In th8 reportlng perlod, plg0s* glve the rea$tsn lor the converslon. Notappllcabl• y￿thIn th• Income items above the folltswlng Items are material.. (plea88 dixlow the natuvo. amount and any prioi year amounts Notjpplleable Section C Note5 to the accounts Iconti Nots6 Analysis of expenditure Restrscted Unrestrithd income End¢)￿rt funds lund5 funds Total fun¢Js Prio(￿r Ana is Incurred seeking donations Incurred seÈking 18garyes Incurred seeking grants Operats"ng membership sch&me5 and social lotteries Stsging fundraising events ExpendibJrB on raising funds= 36.387 Fudraising agents Opèrating tharty shops Operating a trading company undertaking non