Trustees’ annual report (including Directors’ report) for the period
From: 01/04/202022 To: 31/03/2023
Charity name: Sikh Union Ltd
Charity registration number: 1150047
Company number: 07202406
Objectives and activities
| SORP reference | ||
|---|---|---|
| Summary of the purposes of the charity as set out in its governing document |
Para 1.17 | • The advancement of amateur sports and recreational activities through the promotion of community participation. • The advancement of citizenship and community development. • Helping towards the prevention or relief of poverty anywhere in the world. • Helping towards the relief of those in need, by reason of youth, age, ill- health, disability and of suffering among victims of natural or other kinds of disaster. • The advancement of the arts and Sikh culture in Coventry & Warwickshire. |
| 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 |
During the year we held a charity walk aimed at raising monies for causes in Coventry & Warwickshire, India and Kenya. |
| Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit |
Para 1.18 | Confirmed. |
Additional information (optional) You may choose to include further statements where relevant about:
SORP reference Para 1.38 Policy on grant making
Policy on social investment Para 1.38 including program related investment Para 1.38 Contribution made by volunteers Other
Achievements and performance
Through the various activities held, we were able to encourage people to have healthier lifestyles by participating in team sports. We Summary of the main Para 1.20 also had a major impact on poor people in achievements of the charity, India by offering free cataract operations and identifying the difference the in Kenya through offering access to clean charity’s work has made to water. the circumstances of its beneficiaries and any wider benefits to society as a whole.
Additional information (optional) You may choose to include further statements where relevant about:
Para 1.41 Achievements against objectives set Para 1.41 Performance of fundraising activities against objectives set Para 1.41
Investment performance against objectives Other
Financial review
| Financial review | ||
|---|---|---|
| Review of the charity’s financial position at the end of the period |
Para 1.21 | Overall reserves increased slightly during the year as a result of increased donations. This led to us being able to pay out more in donations too. Given the challenging times faced we are happy that reserves show a strong level. |
| Statement explaining the policy for holding reserves stating why they are held |
Para 1.22 | Any reserves are held in the short-term, they are used for carrying out the Charity’s objectives in later periods. |
| Amount of reserves held | Para 1.22 | £66,799 |
| Reasons for holding zero reserves |
Para 1.22 | N/A |
| Details of fund materially in deficit |
Para 1.24 | N/A |
| Explanation of any uncertainties about the charity continuing as a going concern |
Para 1.23 | N/A |
Additional information (optional)
You may choose to include further statements where relevant about:
Para 1.47 The charity’s principal sources of funds (including any fundraising) Para 1.46 Investment policy and objectives including any social investment policy adopted Para 1.46 A description of the principal risks facing the charity Other
Structure, governance and management
| Description of charity’s trusts: |
||
|---|---|---|
| Type of governing document: for example,trust deed, memorandum and articles of association etc |
Para 1.25 | Constitution adopted 14 June 2014 |
| How is the charity constituted? for example limited company, unincorporated association, CIO |
Para 1.25 | Limited Company. |
| 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. |
Additional information (optional) You may choose to include further statements where relevant about:
Para 1.51 Policies and procedures adopted for the induction and training of trustees Para 1.51 The charity’s organisational structure and any wider network with which the charity works Para 1.51 Relationship with any related parties Other
Reference and administrative details
Charity name Sikh Union Ltd Other name the charity uses Registered charity number 1150047 Charity’s principal address 18 Grasmere Avenue, Coventry, CV3 6AY
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) |
|---|---|---|---|---|
| Bhovinder Singh Nagra |
||||
| Harbans Singh Gumman |
||||
| Palvinder Singh Chana |
||||
| Jaspal Singh Jheeta |
||||
Funds held as custodian trustees on behalf of others
Description of the assets held in this capacity Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for safe custody and segregation of such assets from the charity’s own assets
Additional information (optional)
Names and addresses of advisers (optional information)
| Type of adviser | Name Address |
Name Address |
|---|---|---|
| Accountants | Sachdev & Co | 5 Albany Road, Earlsdon, Coventry, CV5 6JQ |
Exemptions from disclosure
Reason for non-disclosure of key personnel details
Other optional information
Declarations
The company has taken advantage of the small companies’ exemption in preparing the report above.
The trustees declare that they have approved the trustees’ report (including directors’ report) above.
Signed on behalf of the charity’s trustees/directors
Signature(s) Full name(s) Bhovinder Singh Nagra Position (for example Secretary, Chair, etc)[Trustee ] Date 16/01/2024
Sikh Union Ltd Charity No Company No 1150047 7202406 Annual accounts for the period 0110412022 Period start date en date 3110312023 Section A Statement of financial activities (including summa and expenditure account) income Restrictgd income funds Unrestricted funds Endowment funds Prior year funds Recommended categories by adivity Tt)tal funds Income (Note 3) Income and endowments from: Donations and tegaae8 charitab acbwties F01 F02 F03 F04 F05 S01 37,052 2,785 37,052 2,785 12,499 S02 OtheFtrading activthes Investnts S03 S04 Separate material item of Carn Otr Total Expenditure (Notes 6) Expenditure on: Raising fvnds Ch8ri1abk acbvilies S05 S06 S07 39,837 39.837 12,499 S08 17,466 20,750 17,466 20.750 196 14,853 S09 Separate rnaleri81 expe item Other S10 S11 Total S12 38,216 38,216 15,049 Net incomel(expenditure) before tax for the reporting period S13 1,621 1.621 2,550 Tax payab S14 Net incomel{expenditure) after tsx before investment gainsl{losses} S15 1,621 1,621 2,550 Nel gainslllosses) on investments 816 S17 S18 Net incomel(expenditure) Extraordinary items Transfers between funds Other recognised gainsl(losses)". 1.621 1,621 2.550 S19 Gains antt losse5 on revaluabon of [ed assdsfor charitys ovm use Othergainslllossesl Net movement in funds $20 S21 $22 1,621 1.621 2,550 Reconciliation of funds.. Total fvnds brought fLYward Total funds carried fonvard S23 65,178 66,799 65.178 66,799 67,728 65,178 S24
Sikh Union Ltd Charity No Company No 1150047 7202406 Section B Balance sheet Restricted income funds Unrestri¢tsd funds Endowmènt Tatsl this funds year Total last Fixed assets Intangible assets Tangible assets Herltage assets Investments F01 F02 F03 F04 FOS (Note 151 (Note 141 (Note 16 {Note 171 Totsl fixed assets BOI B04 Current assets Stocks {Note 18) Debtors (Note 191 Investments (Note 17.41 Cash at bank and in hand (Note 24) Total currentassets 66.799 66 799 70,178 B10 Creditors: amounts falling due within one year (Note 20) Bll 5,000 Net tuent assets/{liabilities) 612 65,178 Total assets less cuffent Ilabilities B13 65.178 Creditors: amounts falling due after one year {Note 20) Provisions for liabiltties B14 B15 Total net assets or liabilities B 16 66,799 66,799 65,178 Funds of the Charity Endowment funds {Note 27} Restricted income funds {Note 271 Unrestricted funds Revaluation reserve Fair value reserve B17 818 819 66,799 66,799 65,178 820 B21 Totsl funds 65,178 The company was entitled to exemption from audit under s477 of the Companies Act 2006 relating to $m811 companies. The members have not requlred the company to obtain an audit in accoffjance wlth section 47fj or the Conipanies Act 2006. The directors acknowlgdge theirresponsibilities for complying with the requirements of the Companies Act with respect to accounting CordS and the preparation of accounts. These accounts have been prepared in accordance with the pmvisions applicable to small componies subject to the small companies regime and in accordance with FRS102 SORP.
Signed by one or trusleesldirectors on behalf of all the trusleesldirectors Print Name Date of approval ddlmmtyyyy Bhovinder Singh Nagia
Settion C Notes to the accc>unts Note 1 8asls of preparation This se¢tlon shouldb¢ wmpletedbyall ¢harities. 1.1 Basis of accounting These accounts have been prepared underthe hi5tcric41 cost convention wth items recogni58d at cost or transaction value unkss ¢these stated in the rekvant noielsl lo these aco)unts. The accounts have been repared in acwrdance with.. . and with- the Finanaal Repoiting Standard appli(3ble in the United Kingdorn and Republ of Ireland IFRS 1021 and with the Charitses Act 2011. The tharity constrtutes a pub(K beneft entty as defined by FRS 102." -Ti¢k as 8ppropriate 1.2 Going concem If there are maten"81 vneertainlies relatsd lo events orconditions thal Ca$191¢anf doubton the clpritS atslity to contlnuea$ 4 going concern, please provide the folk+wing delaits orstate-Not8pplic8ble" rf An explanaiion as te those factors that support the conclusion that the tharty is a goiry Not8pplic8b18 Disclosure of any uncertainties that make the going tx)nteTn a$5umpl'on doubtful., Notapplicable Wh2re accounts are not prepared t)n a going conrn basis, please di%close this tsct together wrth the basi5 on which the Iruslees ppared the accounts and wson why the Charity is not regarded as a going ¢x)ntÉm. Not applitxble 1.3 Change of ac¢ountlng pollcy The accounts present a true and fair and no d)anges have been m8d8 to the ao)Juntlng pol[c adopted in note1.1. '.Tick asapwuwiate No" ease thsclose.. (i) the natuft of the change in accountingpolicri Not applKable fil) the re8sons why8pplying the newaccounting policy provides morerehable andm¢Ye relevant infom0,. and Not apploable iiij the amountof the adiustrnent foreaeh fine affEeted tlpe ¢unlpenod. e8¢h priorpiodpresentÈd and the aggrÈgate amtsunt of thèadiu$lrn1r011Trg lo pe170ds before lh0septrenled, 3A4 FRS102 SCVIP. NOt8ppIsbIe 1.4 Changes to accounting estimates No changes lo accounting estimate5 have ocoJrred in the Rporting period13.46 FRS102 SORPI.
Yes. .TK as awopnate Pl•ase disclose.. i) fhe natur• of ch•ngoS,' Not epplicable (Iij the effect otthe Changè on In¢ome and expense or ssets and Ilabilllles forthe ¢tsfrontptrriod.' 4nd Not &pplicable (iii) wherepr8cllcable. the effetf of thp ¢hang8 in ¢)ne or More future perlods. Nol applK8ble 1.$ Materlal prior yèar error5 No material nor ear error have been lenlified in the Ye5. ortin e0 3.47 FRS102 SORP -TiL& 18 appropnale Please dl$close.' {lJ the nature of th*prlgrp¢rlod error.. Not 8pplic8ble fli) for e•chpriorpwiodpresented In the 8ecounts, the amount oflh¢ ¢orrn¢tlon foreach account Ilne Item affected,. end fiii) the arnounl of the eotrection at thp beginnlng of the eertiesl priorperlodpresented in the accounts. Not 8ppI&ble
Section C Notos to the accounts Iconti Note 2 2.2 INCOME Aeeountlng policies Recogn60 of incorno TtES8 are InLd in the Ststementof Firwnc4al Act111e5 I&FAI wDen.' Ihecth8nty becomes entiU&J to the resources", rf£ Is more like than not thai the trustee$wll receve the resources, the monew value can be nEasured vAth suffioentreliabilty Yes" Nl3" Offsetting There has b8en m offseiting ofa59ets 8nd IiatAlileS, orirwne expense& unless required or Pertte4 by the FRS 102 SORP orFRS 102. Yes" No. Granty an¢J dona110rn9 Grants and donatn$ are only indLthd in the SOFA when the gerRral In8 r8o)ynthon oi18fFa are met15.10to 5.12 FRS102 SORPI. Yes" No" In the Case OfperfOnat related graffls, inc4xne be rewgnised Io the exreni that the ¢h8rity ha5 pfcmded the specffied go(xls orseryths as entserrnttO Ihe grantOrY Lwrswhen the performarte condthrn5¥re fftl5.16 FRS 102 SORPI. Ye5" Nla" LewAes are Inc4uded in the SOFA %then 1$ proble, th is. wen there been grdnl of probate. the exaxtors have established that there are SLrffiaenl asts in the estate and any ndItionS 3tt¥hed to the legacy are etherwithin thts rntrol of the cknrity or have tw Lega¢ie5 No. Nla. Govemmertgrants The 18ntyhas le govemmentorants in the rewrtyw lyj Yes" Nl3" Tax reclaims o donations and urfts Gift4 is induded in iTMeWhe there is a valid deLlarabon the 4or. Any GIftd amounl recovered on a donati is Lvjndered to ba partofthgt grft an¢ Istreated asan addition lo the me fvNJ as the iniual dorthon unless thedonor ortheterns ofthe have swifed othemse Yes. No" la. contractual Incomo and This is OnlyinUde In tre &)FA(rtethe chatity ha5 pwded the rdd sxodsor perForrnance related orm81t perforfflarw rtlated conditions. grants Yes" Yes" No" NK3" Dorted goods Dmaied 9L%Jds are rne8sured atr¥alE (the amounttr ¥hiL thtra5setC4xAd be exchang} unless Impractscd to dos0 The th5tofany st Ofg0 donaled fordi5thb0 to befic%les isdeemed to te the fairvalue of Ih05e 9iftsattt liffle of thwr recapt and Ihey are recogfjised on re(¥pt. In the repDFbng period In which the Stocks are disthbuted, Ihey are rets)gnised as an expSeattheCarty1vj amount oflhe stctks distribuiion. No. Nla" Donated WXtsfor res4e 8re ured atfaif value on initial rTtion. isth2 trXP2Cted pr(Leedsfr(xn sale less the expectsd rAJsts ol sale. and recwnls In 'Irtome from othertraoing VIte5, the correspDnding stock recognised inthe ance sheet. On its sae Ihe value of 5tQL Is ch8rged 8gainst.1nLme from her tradin9 activities, and the pr¢)oEets frryn sak are aL%o recognised as'lrcorffrom othertradi•g aovibes' Yes" Nlg. &)CdsdonafOr) u bylhe thanty are recojnised as langlex as nd IndLhJ8d In the SOFA as ino)mino resDurr£s recgvayt. Yes. No" Nla" Grfts in nd for Ltse by the charity are indL¥J2d in the SOFA as frLKn donatians when receivabb. Yes. pJk" Donatsd $8rviGes and facile$ tnated and knlthes are included in the SOFA jh re¢¥ved al thevalueof the gift to the charity wovided the valueoflhe gfft Can be measured rdiaNy Yes" No" Oated seNices8nd facilesth3tare rnSumed Immed1ayare reowised as inwmewth an wul¥atn0I rewnised as an expense wthrtheapprwate heading In the SOFA. Yes" No. Nla. Support¢osts Thechanty has InoJned eXpendire0n sur£. Yes" No" The Wdlu2 of anyvduntsty lip reied is not inclLthd in the aGLX)unts t)ut 18 Yes. No. Nla-
YVltslIL I¢¥iy de5Gribed in the Irusiees. aDnJal Incr9 from IrrterpsL roya0$ and dlvldgnd8 Th15 18 Inrluded in tr 8xouni$ re¢typl Is probaNe and Ihe amLnl receivle an be m2a5ured reliably. Yes. No" Nla" Income frorn mèmb8r8hlp M6mbarsnip subscrtpbS received In the nature ofa gift are rwJnise¢ in Don&bons Subscription Legacie5. Yes" No" Nla" Membalp subscilpb"S hich gives 8 memberlhe nghtto buy setvice5 off)Iher benefits are recollnised a5 Incotne èame(J from th8 prov1s1 ofooods and as irKoFne trom ¢nant8ble a¢trviiies Yes. Nla" Settlemènt of in8uranco clalrn$ InsurarKe Clms 0Y inc4uLd in Ihe SoFAwltn the genwgl Income recognib" criiena are rnet15 10 to 5 12 FR8102 SORPI aj are induded as an Ilem of other Income in the SOFA. Yes" No. Nla. InlMent g8ln$ and losjes This IrKI any realL%ed orunrealised gains or losses on the saÈ of InvestNEnis and any gain or Ios5 resuthng rEvaluing investments lo market vvjw al the erf ol I Yes" 2.3 EXPENDITURE AND LIABILITIES Li8biliies art re9Th1$ed where It Is rn0 likely ihan notthatthÈttr is a ig¥l or conslruthve oblwtson commithDo the ch8ritytO P8y out resources and Ihe amoufil of ihtr obl1Wi can be me8su wlh reasonable Crtainty. Yes. Nla. Liability reCOgnon Gov8rnanco and support Support wsis h8¥e bth) allocad between govemance cos15 oth8rsupptyt Goveinance (x)sls compiise ali eosis involving publi¢ aMntalILY of the chaiity and its 0)Mlane6wIth wulabon and g(M pract. Support costs Include trntrBI funthons and have been allorknd to athwty CO81 calegones on 8 ba5i5consislentwlh the use ofrercets, eg alloc8iing WFertycosts by fbwrareas. orppr Gaplta. staff co$is by the bme spent and otherc0515 by their $8g¢ Grants with perfomi8n¢e Where the thallty gives 8 ortni ¥wih condibonsfor its payment being a specik level of conditiOnS 8$fvice Or ovipul lo te provided, such grants are only recwni5ed in the SoFAonce the reupenl of the grant has wovideu the speufed seM¢e or Oulpul Yes" Nl8' Y8S' No" Nla. Nla. Grants payftble without performance conditions WTh6re the are no wnditions attachiry to Ihe grantthattnaDies the aOr charity to rèaissiically avoid the ccthmiimgni. 8 liability ft)rthe 11 ndIng olgaiJn musi t FeuoN5ed. Yes. No. Nla. Yes" No. Nla. Redundancy cost The charity mBde no reddarLY payments duriw the reporting penod. Nla" oofarrod incom8 No malerpBI item of dtfeffed Incor has been I4d in the accounls Ye5" No. Nla. Credltors The tharity hascrediKrfS which 8re measured al Settlement amunts less aw trJe dis(ounts A liability 15 measured Dn W09nib al ils historicpl costand then subse4ueniiy Pfovlslons for liabllitl08 measured ai ihe be51 estirnate of the atnounl rewired to Settle the obligation atlhe reng date The charity accounts for tksicfinancial Instruments Iniiial recognstion a5 per paragraph 10.7 FRS102 SORP. Subseguenl measurernent is a5 per paragraphs 11 17 to 11.19. FRS102 SORP. Yes" No. Nla" Baslc flnan¢iJl Instrum•nts Yes. No. Nla" 2.4 ASSETS Tanglblo Ilx•d assth5 for These are c8pitsli il ty ran be 5 for than ontrye8r. and cost al least U8• hy ¢h8r NIA Yes" No. Nl8' TheYa valuBd81 ts)st. Thedtspwiaknon rates 8ThY methods used are disdo86d In note 14. The Charity has 1ntsngitAefixj assets. thai is. rw)n-monelary assets that do nothave physical 5ubslaKe but¥ Identifiatye and are trolleI by the chanty IhrDugh custody or ieual rights. The awrusauon r35 3rbd metriods uts8d are discjosed in note 15. Intsnglbl8fixod 0$gets Yes. No. Nla" They?¢ Valued ai (wi. Yes" Nl8' The charity ha5 hentape atsseis, Ihai 18, non-monet8ry B5se15 With hist¢. artlsbc. 8>eniifi¢, tethMlogic81, geophys11 or environtnentsi qualitses that are held ¥ maint¥ned pnnupally fortheir tributn to knowledye and cuiwre Ttte deprea0Th rates and methrth used ag d8c40s80 in note 16 Yes" HerSlag& assets Nla. YÈS. Nla. They a valued al wsl
Flxed asset Investsnents In quoted shaEs, tred ndS and smi18r 1nve¥tmts are valued at In311Y cost and bsequllY3t fairvalue Ilheir maTketvaluel ai the year d. The rne treatment Is 8pplied ID unli51ed Invesbnents urtless fairvalue tsnnot b8 measJreO r18Y in ¥thich ra5e il is nE8re4 at ujst less impaimieni Investments Yes. Nla. Inves1mts hdd for rle LY 19 their5ale and c¥sh and L3sh equi¥71ents wlh a maiuritydateof 5S than 1 year8retre¥ted as c4rrenl asset inveslmen No. Wa. Sto¢s and work in pro9SS stocks hdd forsaltraspartofnrTh¢ha7t8etradeare mpasured atthe lower or61¢r nel realis9b vaw. Yes" Nla. Gc(NtsorseMca8 w0ded as partofa chantaNe8cti¥ity8re measured atn2t INe vue bgsed w the sepite pclenbal Dded by items ofstoc. Yes" INork in progress Is v8lLd atcost less 2ny foreseeaNe knssthatis Iikoly toc¢cur the nIracL Yes" No. Nl8' DebtotS tindLvJiry trade debtars and loar6 recAvablel ar& measured on In£1 rewgnilOTr at settlem• aUnt after 8ny IFade disJuts oramounl advan by Ihe ctority. Subsequent, they are m&sured 3tthe cash or otherconsiderabTr) expecgèd to be reived. Th¢¢harity h¥s in$bt$hlC it hokls for res8 Orp¥ing theIrSa aTxJ ox5h and (zsh equivalents a maturity date sS than one year. These Inrludec8sh on depositand cash eqJN¥lents With a maturity of loss than one y8ar kninve5trnent Pu0*5 ffleet shDrt-tetm sh CLKnmilments astheyfrll due. Debtor5 Yes- No" Current asset Ye$" No. Nl¥' Nla. TW are atfrar vaup eXr£plttere theyqualify a5 baenanc91 instrLryts POLICIES ADOPTED ADDITIONAL TO OR DIFFERENT FROM THOSE ABOVE
Section C Notes to the accounts Icollt) Note 3 Income Analy515 of incom? Jnds fllnd$ Tolalfvmd$ Pr)ryear Donation5 and legacies.. Donations and rfts GIftd 8ues Gener31 grants prowded by govemmenvother charleS Mernbership subscriptions and sponsorships which are in substance donatnS Donated oods. facilities and setvices Other 33.541 3.511 33.541 3.511 12.499 Total 37.052 37.052 22.499 Charitable activities.. Stsii hire Chari walk 2.170 615 2.170 615 Yotsl 2,785 2.785 Othertrading activttles: Other Totsl Income from invesbnènts.. Interest income DIVend income Rental and leasin Other incoff Total Separate material item of inci)me Totsl Other.. Conversion of endowment funds into Income Gain on disposal of a tangib fixed asset held rtha Gain on di$po$al of a programme related investrnent Royalties from the eypEoitation of inte1ctual ro hts Other Totsi TOTAL INCOME 39 837 Otherlftfomtlon: All in the prioryearwa5 unrestiicted except lor.. Iplease provide des¢riplion Imountsl Not aFpltsb Wheye arry Èndowrrtfud is converted into irLcome in the repong period. please gfvethe reason forthe c0twer8n. Not applr3b ¥thin thè ineome items above the following itèms arè materiol.. Iplease di5clox the nature, amuntaI any prtir arnDunisI Not appIab Vdhere sums originally denonwnated in foreign curyency have en included in in¢orr, Èxplain the basts on whiGh thosè SYrn5 have ty¢erE transle(I Into stoNn914xth¢ ¢uffenw ID whi¢hthe a¢¢ounts are drawn upl. Not applicab
Section C Notes to the accounts {cont} Note 6 Expenditure Restri¢ted income funds Analysls of expenditure Unrestricted funds Endowrnent funds Total fund5 Prior year Expenditure on raising funds". Incurred seeking donations Incurred seeking legacies Incurred seeking grants Operating membership schemes and social lotteries Stsging fundraising events Fundraising agents Portfolio mana ement costs Cost of obtaining inveslment advice 2,750 2.750 196 14.716 Investment administration costs Intellectual property licencing costs Rent collection, propety repairs and maintenance charges Total expenditure on ralsing funds 17,466 2,750 Expenditure on charitable activities Donations made 20,750 20.750 14,853 Total expenditure on charitable activities 20,750 20,750 14,853 Separate material item of expense Total Other Total other expenditure TOTAL EXPENDITURE 38,216 23, 15,049
Olher infomatlon: Anatysis of expendlture on charltable actlvltles Grant funding Activity or programme Support Costs Total this year Total prior year Activities undertaken dSrectly actlviti9S Activity 1 Aclivrt 2 Other Total Prlor year exp8nditure on charitablg a1vItIeS can be analysed as follows.. Donations made out Within the oxp8ndlturo Items above the followlng Items are material: (please disclose the nature, amount and any prlor yr amountsl Not applicable Wher& $ums orlglnally denomlnated in foreign currency have been included in expenditure. explain the basis on which thos• sums have been translat9d into sterling lor the currency In whl¢h the accounts are drawn upl. Not applicable
Section C Notes to the accounts (contl Note 20 Creditors and accruals Please complete this note if th@ eharity has any creditors or accruals. 20.1 Analysis of creditors Amounts falling due within one year This year Last year Amounts falling due after more than one year This year Last year Accruals for grants payable Bank loans and overdrafts Trade creditors Payments received on account for contracts or performance-related grants Accruals and deferred income Taxation and social security Other creditors 5,000 Total 20.2 Deferred income Please complete this note if the charity has deferred income. Please ex lain the reasons wh income is deferred. Movement in deferred income account This year Last year Balance at the start of the reporting period Amounts added in current period Amounts released to income from previous periods Balance at the end of the reporting period
Section C Notes to the accounts (cont) Note 24 Cash at bank and in hand This year Last year Short term cash investments (less than 3 months maturity date) Short temi deposits Cash at bank and on hand Other Total 66,799 70,178 66,799 70,178
Independent examiner's report on the accounts
Section A Independent Examiner’s Report
| Report to the trustees/directors/ members of On accounts for the year ended Set out on pages Respective responsibilities of trustees and examiner Basis of independent examiner’s statement |
Sikh Union Limited | Sikh Union Limited | |||
|---|---|---|---|---|---|
| 31 March 2023 | |||||
| 07202406 | |||||
| Charity no.: | 1150047 | Company no.: | 07202406 | ||
| 1-13 | |||||
| The trustees (who are also the directors of the company for the purposes of company law) are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed. It is my responsibility to: • examine the accounts under section 145 of the Charities Act, • to follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act, and • to state whether particular matters have come to my attention. My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below. |
1
IER
Independent In connection with my examination, no matter has come to my attention to examiner's statement indicate that: • accounting records have not been kept in accordance with section 386 of the Companies Act 2006;
• the accounts do not accord with such records: • where accounts are prepared on an accruals basis, whether they fail to comply with relevant accounting requirements under section 396 of the Companies Act 2006, or are not consistent with the Charities SORP (FRS102) • any matter which the examiner believes should be drawn to the attention of the reader to gain a proper understanding of the accounts.
Signed: Date: 16/01/2024 Name: Dr Rakesh Sachdev BSc MSc PhD FCCA ACA Relevant professional ICAEW & ACCA qualification(s) or body (if any): Address: 5 Albany Road Coventry CV5 6JQ
2
IER