**REGISTERED CHARITY NUMBER: 1133114** 

## **REPORT OF THE TRUSTEES AND** 

## **UNAUDITED FINANCIAL STATEMENTS** 

## **FOR THE YEAR ENDED 30 SEPTEMBER 2023** 

## **FOR** 

## **THE SIKH CULTURAL AND SPORTS COMMUNITY C** 

Shah & Co (Accountants) Ltd Chartered Certified Accountants Cash's Business Centre 1st Floor 228 Widdrington Road Coventry West Midlands CV1 4PB 



**THE SIKH CULTURAL AND SPORTS COMMUNITY C** 

## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 SEPTEMBER 2023** 

The trustees present their report with the financial statements of the charity for the year ended 30 September 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 2019). 

## **OBJECTIVES AND ACTIVITIES** 

## **Objectives and aims** 

(a) To provide a Day Centre and meeting place for senior citizens regardless of race or religion residents primarily  in the area of Leamington and Warwick 

- (b)     To provide facilities for indoor sports and social activities for properly organised groups or clubs 

- (c)     To promote a wider knowledge of indian music, decorative arts and dancing by providing classes for same 

- (d)    To promote knowledge of the Punjabi language by providing classes for teachings of same 

(e) To promote knowledge of Sikh Culture and religion by providing lectures particularly the teaching of Guru Granth Sahib Ji 

(f) To provide facilities for weddings to take place among members of the Sikh Community in accordance with tenets of Sikh religion 

## **Significant activities** 

The charity is to provide for the benefit of the Sikh Community and the inhabitants of Warwick District facilities for the recreation or other leisure time occupation in the interests of social welfare to improve their conditions of life. 

## **ACHIEVEMENT AND PERFORMANCE** 

## **Charitable activities** 

This charity donates to Khalsa football. 

## **Fundraising activities** 

This charity does not raise funds from the public. 

## **STRUCTURE, GOVERNANCE AND MANAGEMENT** 

## **Governing document** 

The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity. 

## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number** 

1133114 

## **Principal address** 

17A-17B QUEENSWAY TRADING ESTATE L SPA CV31 1LZ 

## **Trustees** 

S S Malle Trustee (resigned 18/6/2023) S S Gill Trustee (resigned 18/6/2023) S S Malle (resigned 18/6/2023) D S Aulak Trustee (resigned 18/6/2023) Mrs S K Lotta (appointed 18/6/2023) Y S Sahota (appointed 18/6/2023) D S Dulay (appointed 18/6/2023) H S Dhaliwal (appointed 18/6/2023) P S Bahi (appointed 18/6/2023) 

K S Dulay (Treasurer) (appointed 18/6/2023) 

1 



**THE SIKH CULTURAL AND SPORTS COMMUNITY C** 

## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 SEPTEMBER 2023** 

**REFERENCE AND ADMINISTRATIVE DETAILS Independent Examiner** Shah & Co (Accountants) Ltd Chartered Certified Accountants Cash's Business Centre 1st Floor 228 Widdrington Road Coventry West Midlands CV1 4PB 

Approved by order of the board of trustees on 21 May 2024 and signed on its behalf by: 

Y S Sahota - Trustee 

2 



## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE SIKH CULTURAL AND SPORTS COMMUNITY C** 

## **Independent examiner's report to the trustees of The Sikh cultural and sports community c** 

I report to the charity trustees on my examination of the accounts of The Sikh cultural and sports community c (the Trust) for the year ended 30 September 2023. 

## **Responsibilities and basis of report** 

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 Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act. 

## **Independent examiner's statement** 

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: 

1. accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or 

2. the accounts do not accord with those records; or 

3. the accounts do 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. 

Shah and Co Accoutants Ltd 

Shah & Co (Accountants) Ltd Chartered Certified Accountants Cash's Business Centre 1st Floor 228 Widdrington Road Coventry West Midlands CV1 4PB 

21 May 2024 

3 



**THE SIKH CULTURAL AND SPORTS COMMUNITY C** 

## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 SEPTEMBER 2023** 

|30.9.23<br>Unrestricted<br>fund<br>Notes<br>£<br>**INCOME AND ENDOWMENTS FROM**<br>Donations and legacies<br>36,776<br>Other trading activities<br>2<br>11,382<br>Investment income<br>3<br>97,041<br>**Total**<br>145,199<br>**EXPENDITURE ON**<br>Raising funds<br>4<br>57,221<br>**Charitable activities**<br>DEFAULT 1<br>70,458<br>Other<br>1,630<br>**Total**<br>129,309<br>**NET INCOME**<br>15,890<br>**RECONCILIATION OF FUNDS**<br>Total funds brought forward<br>188,415<br>**TOTAL FUNDS CARRIED FORWARD**<br>204,305|30.9.22<br>Total<br>funds<br>£<br>33,111<br>4,124<br>97,709<br>134,944<br>12,294<br>47,662<br>3,495<br>63,451<br>71,493<br>116,922<br>188,415|
|---|---|



The notes form part of these financial statements 

4 



**THE SIKH CULTURAL AND SPORTS COMMUNITY C** 

## **BALANCE SHEET** 

## **30 SEPTEMBER 2023** 

|30.9.23<br>Unrestricted<br>fund<br>Notes<br>£<br>**FIXED ASSETS**<br>Intangible assets<br>7<br>22,500<br>Tangible assets<br>8<br>14,792<br>37,292<br>**CURRENT ASSETS**<br>Cash at bank and in hand<br>171,003<br>**CREDITORS**<br>Amounts falling due within one year<br>9<br>(3,990)<br>**NET CURRENT ASSETS**<br>167,013<br>**TOTAL ASSETS LESS CURRENT**<br>**LIABILITIES**<br>204,305<br>**NET ASSETS**<br>204,305<br>**FUNDS**<br>10<br>Unrestricted funds<br>204,305<br>**TOTAL FUNDS**<br>204,305|30.9.22<br>Total<br>funds<br>£<br>22,500<br>15,693<br>38,193<br>151,650<br>(1,428)<br>150,222<br>188,415<br>188,415<br>188,415<br>188,415|
|---|---|



The financial statements were approved by the Board of Trustees and authorised for issue on 21 May 2024 and were signed on its behalf by: 

S K Lotta - Trustee 

Y S Sahota - Trustee 

The notes form part of these financial statements 

5 



**THE SIKH CULTURAL AND SPORTS COMMUNITY C** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023** 

## **1. ACCOUNTING POLICIES** 

## **Basis of preparing the financial statements** 

The financial statements of the charity, 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 Charities Act 2011. 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 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. 

## **Hire purchase and leasing commitments** 

Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease. 

## **Pension costs and other post-retirement benefits** 

The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the  Statement of Financial Activities in the period to which they relate. 

6 



**THE SIKH CULTURAL AND SPORTS COMMUNITY C** 

## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 SEPTEMBER 2023** 

## **2. OTHER TRADING ACTIVITIES** 

|**2.**|**OTHER TRADING ACTIVITIES**|||
|---|---|---|---|
|||30.9.23|30.9.22|
|||£|£|
||Passport & pancards|5,467|2,926|
||Other Income|5,915|1,198|
|||11,382|4,124|
|**3.**|**INVESTMENT INCOME**|||
||Deposit account interest|30.9.23<br>£<br>629|30.9.22<br>£<br>16|
||Rent received|96,171|97,556|
||Photocopying|241|137|
|||97,041|97,709|
|**4.**|**RAISING FUNDS**|||
||**Raising donations and legacies**|||
||Support costs|30.9.23<br>£<br>57,221|30.9.22<br>£<br>12,294|



## **5. TRUSTEES' REMUNERATION AND BENEFITS** 

There were no trustees' remuneration or other benefits for the year ended 30 September 2023 nor for the year ended 30 September 2022. 

## **Trustees' expenses** 

There were no trustees' expenses paid for the year ended 30 September 2023 nor for the year ended 30 September 2022. 

## **6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES** 

|**INCOME AND ENDOWMENTS FROM**|Unrestricted<br>fund<br>£|
|---|---|
|Donations and legacies|33,111|
|Other trading activities|4,124|
|Investment income|97,709|
|**Total**|134,944|
|**EXPENDITURE ON**||
|Raising funds|12,294|
|**Charitable activities**||
|DEFAULT 1|47,662|
|Other|3,495|
|**Total**|63,451|



7 



**THE SIKH CULTURAL AND SPORTS COMMUNITY C** 

## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 SEPTEMBER 2023** 

## **6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued** 

|||Unrestricted|
|---|---|---|
|||fund|
|||£|
||**NET INCOME**|71,493|
||**RECONCILIATION OF FUNDS**||
||Total funds brought forward|116,922|
||**TOTAL FUNDS CARRIED FORWARD**|188,415|
|**7.**|**INTANGIBLE FIXED ASSETS**||
||**COST**|Development<br>costs<br>£|
||At 1 October 2022 and 30 September 2023|22,500|
||**NET BOOK VALUE**||
||At 30 September 2023|22,500|
||At 30 September 2022|22,500|
|**8.**|**TANGIBLE FIXED ASSETS**||
||**COST**|Fixtures<br>and<br>fittings<br>£|
||At 1 October 2022|80,294|
||Additions|729|
||At 30 September 2023|81,023|
||**DEPRECIATION**||
||At 1 October 2022|64,601|
||Charge for year|1,630|
||At 30 September 2023|66,231|
||**NET BOOK VALUE**||
||At 30 September 2023|14,792|
||At 30 September 2022|15,693|
||||



8 



**THE SIKH CULTURAL AND SPORTS COMMUNITY C** 

## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 SEPTEMBER 2023** 

## **9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR** 

|Taxation and social security<br>Other creditors<br>**MOVEMENT IN FUNDS**<br>At<br>1/10/22<br>£<br>**Unrestricted funds**<br>General fund<br>188,415<br>**TOTAL FUNDS**<br>188,415<br>Net movement in funds, included in the above are as follows:<br>Incoming<br>resources<br>£<br>**Unrestricted funds**<br>General fund<br>145,199<br>**TOTAL FUNDS**<br>145,199<br>**Comparatives for movement in funds**<br>At<br>1/10/21<br>£<br>**Unrestricted funds**<br>General fund<br>116,922<br>**TOTAL FUNDS**<br>116,922<br>Comparative net movement in funds, included in the above are as follows:<br>Incoming<br>resources<br>£<br>**Unrestricted funds**<br>General fund<br>134,944<br>**TOTAL FUNDS**<br>134,944|30.9.23<br>30.9.22<br>£<br>£<br>3,191<br>829<br>799<br>599<br>3,990<br>1,428<br>Net<br>movement<br>At<br>in funds<br>30/9/23<br>£<br>£<br>15,890<br>204,305<br>15,890<br>204,305<br>Resources<br>Movement<br>expended<br>in funds<br>£<br>£<br>(129,309)<br>15,890<br>(129,309)<br>15,890<br>Net<br>movement<br>At<br>in funds<br>30/9/22<br>£<br>£<br>71,493<br>188,415<br>71,493<br>188,415<br>Resources<br>Movement<br>expended<br>in funds<br>£<br>£<br>(63,451)<br>71,493<br>(63,451)<br>71,493|
|---|---|



## **10. MOVEMENT IN FUNDS** 

9 



**THE SIKH CULTURAL AND SPORTS COMMUNITY C** 

## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 SEPTEMBER 2023** 

## **10. MOVEMENT IN FUNDS - continued** 

A current year 12 months and prior year 12 months combined position is as follows: 

|||Net||
|---|---|---|---|
||At|movement|At|
||1/10/21|in funds|30/9/23|
||£|£|£|
|**Unrestricted funds**||||
|General fund|116,922|87,383|204,305|
|**TOTAL FUNDS**|116,922|87,383|204,305|
|A current year 12 months and prior year 12 months combined net movement in funds, included in the above||||
|as follows:||||
|**Unrestricted funds**|Incoming<br>resources<br>£|Resources<br>expended<br>£|Movement<br>in funds<br>£|
|General fund|280,143|(192,760)|87,383|
|**TOTAL FUNDS**|280,143|(192,760)|87,383|



A current year 12 months and prior year 12 months combined net movement in funds, included in the above  are as follows: 

## **11. RELATED PARTY DISCLOSURES** 

There were no related party transactions for the year ended 30 September 2023. 

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**THE SIKH CULTURAL AND SPORTS COMMUNITY C** 

## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 SEPTEMBER 2023** 

||30.9.23|30.9.22|
|---|---|---|
||£|£|
|**INCOME AND ENDOWMENTS**|||
|**Donations and legacies**|||
|Donations|16,876|21,030|
|Grants|19,900|11,649|
|Trip money|-|432|
|**Other trading activities**|36,776|33,111|
|Passport & pancards|5,467|2,926|
|Other Income|5,915|1,198|
|**Investment income**|11,382|4,124|
|Deposit account interest|629|16|
|Rent received|96,171|97,556|
|Photocopying|241|137|
||97,041|97,709|
|**Total incoming resources**|145,199|134,944|
|**EXPENDITURE**|||
|**Charitable activities**|||
|Wages|21,293|16,803|
|Pensions|860|1,084|
|Hire of plant and machinery|1,200|-|
|Rates and water|6,308|4,116|
|Insurance|2,720|2,414|
|Light and heat|32,242|18,557|
|Telephone|1,291|1,139|
|Postage and stationery|510|759|
|Sundries|485|390|
|Teachers wages|3,549|2,400|
|**Other**|70,458|47,662|
|Depreciation of tangible fixed assets|1,630|3,495|
|**Support costs**|||
|**Management**|||
|Cleaning|6,717|2,162|
|Repairs & renewals|43,637|1,978|
||50,354|4,140|



This page does not form part of the statutory financial statements 

11 



**THE SIKH CULTURAL AND SPORTS COMMUNITY C** 

## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 SEPTEMBER 2023** 

||30.9.23|30.9.22|
|---|---|---|
||£|£|
|**Management**|||
|**Governance costs**|||
|Accountancy and legal fees|1,280|1,820|
|Computer costs|87|1,834|
|Charitable donation|5,500|4,500|
||6,867|8,154|
|Total resources expended|129,309|63,451|
|**Net income**|15,890|71,493|
||||



This page does not form part of the statutory financial statements 

12 



**THE SIKH CULTURAL AND SPORTS COMMUNITY C** 

## **CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 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|
|**Detailed Statement of Financial Activities**|11|to|12|