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2022-09-30-accounts
| 1 |
|
Legal and administrative information |
| 2-4 |
|
Report ofthe trustees |
| S |
|
Report of the independent examiner |
| 6 |
|
Statement of financial activities |
| 7 |
|
Balance sheet |
| 8 |
|
Statement of cashflows |
| 9- |
16 |
Notes to the financial statements |
| Trustees: |
S S Bal |
|
Ms G K Sandhu |
| Company number: |
07030547 |
| Charity registration: |
1136163 |
| Registered office: |
90 Gillott Road, Edgbaston, Birmingham, B16 DES |
| Independent examiner: |
Malcolm Hi Wilicox, FCCA |
|
Messrs Malcolm Wilicox & Co, Chartered CertifledAccountants |
|
Hagley House, 93 Hagley Road, Edgbaston, Birmingham, B16 BLA |
| Bankers: |
Cashplus Bank |
|
6 London Wall, London, EC2Y SEB |
|
|
|
|
Period ended |
Period ended |
Year to |
Year to |
|
Notes |
Unrestricted |
Restricted |
5.8.2022 |
|
30.9.2021 |
|
|
Notes |
Fund |
Funds |
|
Total |
|
Total |
|
|
£ |
£ |
|
£ |
|
F |
| INCOME |
|
|
|
|
|
|
|
| Donation5 and legacies |
( 2) |
479,021 |
- |
479,021 |
|
853,601 |
|
| Investment |
( 3 ) |
1,216 |
- |
|
1,216 |
|
989 |
| Government grants |
|
- |
- |
|
- |
|
56,341 |
| Total income |
|
480,237 |
- |
480,237 |
|
910,931 |
|
| EXPENDITURE |
|
|
|
|
|
|
|
| Charitable activities |
(4) |
(677,762) |
- |
(677,762) |
|
(916,444) |
|
| Net income/expenditure for the |
|
|
|
|
|
|
|
| year before transfers |
|
(197,525) |
- |
(197,525) |
|
( |
5,513) |
| Transfer between funds |
|
- |
- |
|
- |
|
- |
| Net income/expenditure forthe year |
|
(197,525) |
- |
(197,525) |
|
( |
5,513) |
| Fund balances at 1 October 2021 |
|
75,733 |
119,821 |
|
195,554 |
|
201,067 |
| Fund balances at 5 August 2022 |
|
(121,792) |
119,821 |
( |
1,971) |
|
- |
| Deficit on fund balances transferred |
|
|
|
|
|
|
|
| to Sikh Channel CIC |
|
121,792 |
(119,821) |
|
1,971 |
|
- |
| Fund balances at 30 september 2022 |
|
Nil |
Nil |
|
Nil |
|
195,554 |
|
|
|
2022 |
|
2021 |
|
|
Notes |
E |
|
£ |
£ |
£ |
| FIXED ASSETS |
|
|
|
|
|
|
| Tangible assets |
(8 ) |
|
|
- |
|
19,157 |
| Investment |
( 9 ) |
|
|
- |
|
100 |
|
|
|
|
- |
|
19,257 |
| CURRENT ASSETS |
|
|
|
|
|
|
| Debtors |
(10) |
- |
|
|
270,172 |
|
| Cash at bank and in hand |
|
- |
|
|
114,616 |
|
|
|
- |
|
|
384,788 |
|
CREDITORS
—amountsfalling due |
|
|
|
|
|
|
| within oneyear |
(11) |
- |
|
|
(208,491) |
|
| Net current assets |
|
|
|
- |
|
176,297 |
| Total assets less current liabilities |
|
|
|
- |
|
195,554 |
| ACCUMULATED FUNDS |
|
|
|
|
|
|
| Restricted funds |
(12) |
|
|
- |
|
119,821 |
| Unrestricted funds |
|
|
|
- |
|
75,733 |
|
|
|
|
- |
|
195,554 |
|
|
|
|
2022 |
|
|
|
2021 |
|
|
Notes |
|
£ |
|
|
£ |
£ |
|
£ |
| Cash flow5from operating activities |
|
|
|
|
|
|
|
|
|
| Cash absorbed by operations |
(15) |
|
|
|
(112,591) |
|
|
|
( 28,801) |
| Investing activitie5 |
|
|
|
|
|
|
|
|
|
| Purchase of tangible fixed assets |
|
( |
3,241) |
|
|
|
|
|
|
| Interest received |
|
|
1,216 |
|
|
|
989 |
|
|
| Net cash used in investing activities |
|
|
|
|
( |
2,025) |
|
|
989 |
| Net decrease in cash |
|
|
|
|
|
|
|
|
|
| and cash equivalents |
|
|
|
|
(114,616) |
|
|
|
( 27,812) |
| Cash and cash equivalents at beginning of year |
|
|
|
|
|
114,616 |
|
|
142,428 |
| Cash and cash equivalents at end of year |
|
|
|
|
|
- |
|
|
214,616 |
| 2 |
|
DONATIONS AND LEGACIES |
|
|
|
|
|
|
|
|
|
Unrestricted |
Restricted |
Total |
Total |
|
|
|
|
Funds |
Funds |
2022 |
2021 |
|
|
|
|
£ |
£ |
£ |
£ |
|
|
Donations and gifts |
|
473,393 |
- |
473,393 |
662,317 |
|
|
Gift Aid |
|
5,628 |
- |
5,628 |
191,284 |
|
|
|
|
479021 |
- |
479,021 |
853601 |
|
|
|
|
|
|
2022 |
2021 |
|
|
|
|
|
|
£ |
£ |
|
3 |
INVESTMENT INCOME |
|
|
|
|
|
|
|
Bank interest |
|
|
|
- |
18 |
|
|
Interest on Gift Aid |
|
|
|
1,216 |
971 |
|
|
|
|
|
|
1,216 |
989 |
|
|
|
Production |
Broadcasting |
Donations |
Total |
Total |
|
|
|
costs |
costs |
made |
2022 |
2021 |
|
|
|
£ |
£ |
£ |
£ |
£ |
|
4 |
CHARITABLE ACTIVITIES |
|
|
|
|
|
|
|
Production & broadcasting costs |
127,732 |
215,514 |
- |
343,246 |
425,084 |
|
|
Donations, gifts and |
|
|
|
|
|
|
|
charitable expenditure |
- |
- |
37,428 |
37,428 |
43,352 |
|
|
|
127,732 |
215,514 |
37,428 |
380,674 |
468,436 |
|
|
Share of support costs (noteS) |
106,630 |
179,909 |
- |
286,539 |
427,879 |
|
|
Share ofgovernance costs (noteS) |
3,926 |
6,623 |
- |
10,549 |
20,129 |
|
|
|
238,288 |
402,046 |
37,428 |
677,762 |
916,444 |
|
|
Analysis by fund |
|
|
|
|
|
|
|
Unrestricted funds |
238,288 |
402,046 |
37,428 |
677,762 |
|
|
|
Restricted funds |
- |
- |
- |
- |
|
|
|
|
238,288 |
402,046 |
37,428 |
677,762 |
|
|
|
For the year ended 30 september2021 |
|
|
|
|
|
|
|
Unrestricted funds |
318,877 |
490,412 |
23,221 |
|
832,510 |
|
|
Restricted funds |
25,966 |
37,837 |
20,131 |
|
83,934 |
|
|
|
344,843 |
528,249 |
43,352 |
|
916,444 |
|
|
Support |
Governance |
Period ended |
Year to |
|
|
costs |
costs |
5.8.2022 |
30.9.2021 |
|
|
£ |
£ |
£ |
£ |
| S |
SUPPORT COSTS |
|
|
|
|
|
Staff costs |
172,289 |
- |
172,289 |
275,618 |
|
Redundancy pay |
14,499 |
- |
14,499 |
- |
|
Depreciation |
4,890 |
- |
4,890 |
6,386 |
|
Equipment leasing |
836 |
- |
836 |
1,091 |
|
Rent, rates and insurance |
30,129 |
- |
30,129 |
38,001 |
|
Heat and light |
7,457 |
- |
7,457 |
9,515 |
|
Cleaning |
2,688 |
- |
2,688 |
3,586 |
|
Foreign exchange cost |
60 |
- |
60 |
1,389 |
|
Bank interest and charges |
7,082 |
- |
7,082 |
15,889 |
|
Repairs and maintenance |
2,418 |
- |
2,418 |
1,451 |
|
Printing, stationery and advertising |
3,093 |
- |
3,093 |
1,650 |
|
Telephone and postage |
5,177 |
- |
5,177 |
26,387 |
|
Motor and travelling expenses |
17,214 |
- |
17,214 |
11,227 |
|
Legal and professional fees |
16,061 |
5,709 |
21,770 |
46,816 |
|
Sundry expenses |
2,646 |
40 |
2,686 |
3,002 |
|
Accountancy fees |
- |
4,800 |
4,800 |
6,000 |
|
|
286,539 |
10,549 |
297,088 |
448,008 |
|
Analysed between charitable activities |
286,539 |
10,549 |
297,088 |
448,008 |
|
No trustees received any expenses.
Key management person
£80,709). |
nel’s remuneration was £55 |
,396 (2021 |
|
|
2022 |
2021 |
|
|
Number |
Number |
| 7 |
EMPLOYEES |
|
|
|
The average number ofemployees |
9 |
11 |
|
Employment costs |
|
|
|
Wages and salaries including redundancy pay |
170,648 |
252,004 |
|
Social security costs |
12,698 |
18,330 |
|
Other pension costs |
3,442 |
5,284 |
|
|
186,788 |
275,618 |
|
|
Fixtures, fittings & |
|
|
|
|
|
|
computer |
|
Motor |
|
|
|
|
equipment |
|
vehicle |
|
Total |
|
|
£ |
|
£ |
|
£ |
| 8 |
TANGIBLE FIXED ASSETS |
|
|
|
|
|
|
Cost: |
|
|
|
|
|
|
At 1 October 2021 |
171,044 |
|
7,356 |
178,400 |
|
|
Additions |
3,241 |
|
- |
|
3,241 |
|
Transfer to Sikh Channel CIC |
(174,285) |
( |
7,356) |
(181,641) |
|
|
At 30 September 2022 |
- |
|
- |
|
- |
|
Depreciation and impairment: |
|
|
|
|
|
|
At 1 October 2021 |
153,196 |
|
6,047 |
159,243 |
|
|
Depreciation charged in the period |
4,618 |
|
272 |
|
4,890 |
|
Transfer to Sikh Channel CIC |
(157,814) |
( |
6,319) |
(164,133) |
|
|
At 30 September 2022 |
- |
|
- |
|
- |
|
Carrying amount: |
|
|
|
|
|
|
At 30 September 2022 |
- |
|
- |
|
- |
|
At 30 September 2021 |
17,848 |
|
1,309 |
|
19,157 |
|
|
|
|
|
Unlisted |
|
|
|
|
|
|
investment |
|
|
|
|
|
|
|
£ |
| 9 |
FIXED ASSETS INVESTMENT |
|
|
|
|
|
|
Cost orvaluation: |
|
|
|
|
|
|
At 1 October 2021 & 5 August 2022 |
|
|
|
|
100 |
|
Transfer to Sikh Channel CIC |
|
|
|
( |
100) |
|
Carrying amount |
|
|
|
|
|
|
At 30 September 2022 |
|
|
|
|
- |
|
At 30 September2021 |
|
|
|
|
100 |
|
|
|
|
2022 |
|
2021 |
|
|
|
|
£ |
|
£ |
| 10 |
DEBTORS
— amountsfailing due within one year: |
|
|
|
|
|
|
Amounts due from subsidiary undertaking |
|
|
- |
|
67,947 |
|
Other debtor |
|
|
- |
|
2,446 |
|
Prepayments and accrued income |
|
|
- |
|
44,344 |
|
Gift Aid debtors |
|
|
- |
|
155,435 |
|
|
|
|
- |
|
270,172 |
|
|
2022 |
2021 |
|
|
£ |
£ |
| 11 |
CREDITORS
—amountsfalling due within one year: |
|
|
|
Other taxation and social security |
- |
24,913 |
|
Trade creditors |
- |
156,270 |
|
Other creditors |
- |
15,234 |
|
Accruals |
- |
12,074 |
|
|
- |
208,491 |
|
|
|
|
|
Transfer to |
|
|
Balance at |
|
Incoming |
Resources |
Sikh Channel |
Balance at |
|
|
1.10.21 |
resources |
expended |
CIC |
30.9.22 |
|
|
£ |
£ |
£ |
£ |
£ |
|
The SMART Centre Appeal |
119,821 |
- |
- |
(119,821) |
- |
|
|
|
|
Unrestricted |
Restricted |
Total |
|
|
|
|
£ |
£ |
£ |
| 13 |
ANALYSIS OF NETASSETS BETWEEN |
FUNDS |
|
|
|
|
|
Fund balances at 30 September 2022 |
were represented by: |
|
|
|
|
|
Tangible assets |
|
|
- |
- |
- |
|
Investment |
|
|
- |
- |
- |
|
Net current assets |
|
|
- |
- |
- |
|
Fund balances at 30 September 2021 were represented by: |
|
|
|
|
|
|
Tangible assets |
|
|
19,257 |
- |
29,157 |
|
Investment |
|
|
100 |
- |
100 |
|
Current assets/liabilities |
|
|
56,476 |
119,821 |
176,297 |
|
|
|
|
75,733 |
119,821 |
195,554 |
|
|
|
2022 |
|
2021 |
|
|
|
£ |
|
£ |
| 15 |
CASH ABSORBED BY OPERATIONS |
|
|
|
|
|
Deficit for the period to S August 2022 |
(197,525) |
|
( |
5,513) |
|
Adjustments for: |
|
|
|
|
|
Investment income recognised in statement of financial activities |
( |
1,216) |
( |
989) |
|
Depreciation and impairment of tangible fixed assets |
|
4,890 |
|
6,386 |
|
Disposal of fixed assets to Sikh Channel CIC |
|
17,608 |
|
- |
|
Effect of net liabilities transferred to Sikh Channel CIC |
|
1,971 |
|
- |
|
Movements in working capital: |
|
|
|
|
|
Decrease/increase in debtors |
|
270,172 |
( 46,442) |
|
|
Decrease/increase in creditors |
(208,491) |
|
|
17,757 |
|
Cash absorbed by operations |
(112,591) |
|
|
( 28,801) |
|
|
|
£ |
|
|
| 16 |
ASSETS AND LIABILITIES TRANSFERRED |
|
|
|
|
|
Transfers to Sikh Channel CIC during the year: |
|
|
|
|
|
Tangible fixed assets |
|
17,508 |
|
|
|
Fixed asset investment |
|
100 |
|
|
|
Amount due from subsidiary undertaking |
|
34,356 |
|
|
|
Debtors and prepayments |
|
99,800 |
|
|
|
Bank accounts |
|
94,610 |
|
|
|
|
|
246,374 |
|
|
|
Creditors |
|
(248,345) |
|
|
|
Restricted fund |
|
(119,821) |
|
|
|
|
|
(368,166) |
|
|
|
Deficit on unrestricted fund |
|
(121,792) |
|
|
| 17 |
SHARE CAPITAL |
|
|
|
|
|
The company is limited by guarantee and does not have any share capital. |
|
|
|
|