## **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
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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 Invest￿￿nts S03 S04 Separate material item of ￿Carn￿ Ot￿r 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 tu￿ent 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 ¢the￿se 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￿$19￿1￿¢anf doubton the clprit￿S atslity to contlnuea$ 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$5umpl'on doubtful., Notapplicable Wh2re accounts are not prepared t)n a going con￿rn basis, please di%close this tsct together wrth the basi5 on which the Iruslees p￿pared the accounts and wson why the Charity is not regarded as a going ¢x)ntÉm. Not applitxble 1.3 Change of ac¢ountlng pollcy The accounts present a true and fair and no d)anges have been m8d8 to the ao)Juntlng pol[c￿ adopted in note1.1. '.Tick asapwuwiate No" ease thsclose.. (i) the natuft of the change in accountingpolicri Not applKable fil) the re8sons why8pplying the newaccounting policy provides morerehable andm¢Ye relevant infom￿￿0￿,. and Not apploable iiij the amountof the adiustrnent foreaeh fine affEeted tlpe ¢un￿lpenod. e8¢h priorp*iodpresentÈd and the aggrÈgate amtsunt of thèadiu$lrn￿1r￿011Trg lo pe170ds before lh0septr￿enled, 3A4 FRS102 SCVIP. NOt8ppI￿sbIe 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 e￿0￿ 3.47 FRS102 SORP -TiL& 18 appropnale Please dl$close.' {lJ the nature of th*prlgrp¢rlod error.. Not 8pplic8ble fli) for e•chpriorpwiodpresented In the 8ecounts, the amount oflh¢ ¢orrn¢tlon foreach account Ilne Item affected,. end fiii) the arnounl of the eotrection at thp beginnlng of the eertiesl priorperlodpresented in the accounts. Not 8ppI￿&ble Section C Notos to the accounts Iconti Note 2 2.2 INCOME Aeeountlng policies Recogn6￿0￿ of incorno TtES8 are In￿L￿d in the Ststementof Firwnc4al Act￿111e5 I&FAI wDen.' Ihecth8nty becomes entiU&J to the resources", rf£ Is more like￿ than not thai the trustee$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 Pe￿rtte4 by the FRS 102 SORP orFRS 102. Yes" No. Granty an¢J dona110rn9 Grants and donat￿n$ are only indLthd in the SOFA when the gerRral In￿￿8 r8o)ynthon oi18fFa are met15.10to 5.12 FRS102 SORPI. Yes" No" In the Case OfperfO￿na￿t related graffls, inc4xne be rewgnised Io the exreni that the ¢h8rity ha5 pfcmded the specffied go(xls orseryths as ents￿err￿nttO Ihe grantOr￿Y Lwrswhen the performarte condthrn5¥re ff*tl5.16 FRS 102 SORPI. Ye5" Nla" LewAes are Inc4uded in the SOFA %then 1$ prob*le, th* is. w*en there been grdnl of probate. the exaxtors have established that there are SLrffiaenl as*ts in the estate and any ￿ndItionS 3tt¥hed to the legacy are etherwithin thts r￿ntrol of the cknrity or have tw Lega¢ie5 No. Nla. Govemmertgrants The 1*8ntyhas ￿l￿e￿ govemmentorants in the rewrtyw ￿lyj Yes" Nl3" Tax reclaims o donations and urfts Gift￿4 is induded in iT￿MeWhe￿ there is a valid deLlarabon the 4￿or. Any GIft￿d amounl recovered on a donati￿ is Lvjn￿dered 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 Onlyin￿Ude￿ In tre &)FA(rtethe chatity ha5 pwded the rd*d sxodsor perForrnance related orm81t￿ perforfflarw rtlated conditions. grants Yes" Yes" No" NK3" Dor*ted goods Dmaied 9L%Jds are rne8sured at￿r¥al￿E (the amounttr ¥*hiL* thtra5setC4xAd be exchang￿} unless Impractscd to dos0 The th5tofany st￿* Ofg0￿ donaled fordi5th￿b0￿ to be￿fic￿%￿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 exp￿SeattheCarty1vj amount oflhe stctks *distribuiion. No. Nla" Donated W*Xtsfor res4e 8re ￿ured atfaif value on initial r￿T￿tion. 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.1nL￿me from ￿her tradin9 activities, and the pr¢)oEets frryn sak are aL%o recognised as'lrcorf*from othertradi•g ao*vibes' Yes" Nlg. &)Cdsdona￿fOr￿￿￿￿) u* bylhe thanty are recojnised as langl￿e￿x￿ 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 $8rviGes and facil￿e$ t￿nated 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" O￿ated seNices8nd facil￿esth3tare r￿nSumed Immed1a￿yare reowised as inwmewth an wul¥a￿t￿n0￿I rewnised as an expense wthrtheapprwate heading In the SOFA. Yes" No. Nla. Support¢osts Thechanty has InoJned eXpendi￿re0n sur￿£*￿. Yes" No" The Wdlu2 of anyvduntsty l*ip re￿i￿ed is not inclLthd in the aGLX)unts t)ut 18 Yes. No. Nla- YVltslIL￿* I¢¥iy de5Gribed in the Irusiees. aDnJal Incr￿9 from IrrterpsL roya￿0$ and dlvldgnd8 Th15 18 Inrluded in tr* 8xouni$ re¢typl Is probaNe and Ihe amLnl receiv*le an be m2a5ured reliably. Yes. No" Nla" Income frorn mèmb8r8hlp M6mbarsnip subscrtpb￿S received In the nature ofa gift are rwJnise¢ in Don&bons Subscription Legacie5. Yes" No" Nla" Memba￿lp 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 C￿lms*￿ 0￿Y inc4uL*d in Ihe SoFAwltn the genwgl Income recognib" criiena are rnet15 10 to 5 12 FR8102 SORPI a￿j are induded as an Ilem of other Income in the SOFA. Yes" No. Nla. In￿lMent 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 re￿9Th1$ed where It Is rn0￿ likely ihan notthatthÈttr is a i*g¥l or conslruthve oblwtson commithDo the ch8ritytO P8y out resources and Ihe amoufil of ihtr obl1Wi￿ can be me8su￿ wlh reasonable C￿rtainty. Yes. Nla. Liability reCOgn￿on Gov8rnanco and support Support wsis h8¥e bth) alloca*d between govemance cos15 oth8rsupptyt Goveinance (x)sls compiise ali eosis involving publi¢ aMnta￿lILY of the chaiity and its 0)M￿lane6wIth wulabon and g(M￿ pract￿. Support costs Include trntrBI funthons and have been allorknd to athwty CO81 calegones on 8 ba5i5consislentwlh the use ofre￿rcets, eg alloc8iing WFertycosts by fbwrareas. orppr Gaplta. staff co$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 th￿e are no wnditions attachiry to Ihe grantthattnaDies the a￿Or charity to rèaissiically avoid the ccthmiimgni. 8 liability ft)rthe ￿11 ￿ndIng o￿lgai￿Jn musi t FeuoN5ed. Yes. No. Nla. Yes" No. Nla. Redundancy cost The charity mBde no red￿darLY payments duriw the reporting penod. Nla" oofarrod incom8 No malerpBI item of dtfeffed Incor￿ has been I￿￿4￿d in the accounls Ye5" No. Nla. Credltors The tharity hascrediKrfS which 8re measured al Settlement amunts less aw tr*Je 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 re￿￿ng 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 1ntsngitAefix￿j assets. thai is. rw)n-monelary assets that do nothave physical 5ubslaKe but¥￿ Identifiatye and are ￿trolle￿I by the chanty IhrDugh custody or ieual rights. The awrusauon r3*5 3rbd metriods uts8d are discjosed in note 15. Intsnglbl8fixod 0$gets Yes. No. Nla" They?¢ Valued ai (wi. Yes" Nl8' The charity ha5 hentape atsseis, Ihai 18, non-monet8ry B5se15 With hist￿¢. artlsbc. 8>eniifi¢, tethMlogic81, geophys1￿1 or environtnentsi qualitses that are held ¥ maint¥ned pnnupally fortheir ￿￿tribut￿n to knowledye and cuiwre Ttte depre￿a￿0Th rates and methrth used ag d8c40s80 in note 16 Yes" HerSlag& assets Nla. YÈS. Nla. They a￿ valued al wsl Flxed asset Investsnents In quoted shaEs, tr*ed ￿ndS and smi18r 1nve¥tm￿ts are valued at In￿311Y *cost and ￿bsequ￿llY3t fairvalue Ilheir maTketvaluel ai the year d. The ￿rne treatment Is 8pplied ID unli51ed Invesbnents urtless fairvalue tsnnot b8 measJreO r￿18￿Y in ¥thich ra5e il is nE8￿re4 at ujst less impaimieni Investments Yes. Nla. Inves1m￿ts hdd for r￿le LY ￿￿1￿9 their5ale and c¥sh and L3sh equi¥71ents wlh a maiuritydateof ￿5S than 1 year8retre¥ted as c4rrenl asset inveslmen No. Wa. Sto¢*s and work in pro9￿SS stocks hdd forsaltraspartofnrTh¢ha7t8￿etradeare mpasured atthe lower or￿61¢r nel realis9b￿ vaw. Yes" Nla. Gc(NtsorseMca8 w0￿ded as partofa chantaNe8cti¥ity8re measured atn2t I￿Ne v￿ue bgsed w the sepite pclenbal ￿D￿ded by items ofstoc*. Yes" INork in progress Is v8lL*d atcost less 2ny foreseeaNe knssthatis Iikoly toc¢cur the ￿nIracL Yes" No. Nl8' DebtotS tindLvJiry trade debtars and loar6 recAvablel ar& measured on In￿£1 rewgnilOTr at settlem•* a￿Unt after 8ny IFade dis￿Ju￿ts oramounl advan￿ by Ihe ctority. Subsequent￿, they are m&sured 3tthe cash or otherconsiderabTr) expecgèd to be re*ived. Th¢¢harity h¥s in￿$b￿t$￿hlC* it hokls for res8￿ Orp¥￿ing theIrSa￿ aTxJ ox5h and (zsh equivalents a maturity date ￿sS than one year. These Inrludec8sh on depositand cash eqJN¥lents With a maturity of loss than one y8ar kninve5trnent Pu￿0*5 ffleet shDrt-tetm ￿sh CLKnmilments astheyfrll due. Debtor5 Yes- No" Current asset Ye$" No. Nl¥' Nla. TW are atfrar vaup eXr£pl￿ttere theyqualify a5 ba￿e￿nanc￿91 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 GIft￿d 8ues Gener31 grants prowded by govemmenvother char￿leS Mernbership subscriptions and sponsorships which are in substance donat￿nS 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 DIV￿end 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 inte1￿ctual ro hts Other Totsi TOTAL INCOME 39 837 Otherlftfom*tlon: All in the prioryearwa5 unrestiicted except lor.. Iplease provide des¢riplion Imountsl Not aFpltsb Wheye arry Èndowrr￿tfu￿d is converted into irLcome in the repo￿ng period. please gfvethe reason forthe c0twer8￿n. Not applr3b ¥thin thè ineome items above the following itèms arè materiol.. Iplease di5clox the nature, amuntaI￿ any prtir arnDunisI Not appI￿ab Vdhere sums originally denonwnated in foreign curyency have en included in in¢orr*, Èxplain the basts on whiGh thosè SYrn5 have ty¢erE transl*e(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 a￿1vItIeS 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 y￿r 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**