OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2024-03-31-accounts

Trustees’ annual report (including Directors’ report) for the period

From: 01/04/202023 To: 31/03/2024

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		 Annual event held 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.

Achievements and performance

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 Through the various activities held, we were
able to encourage people to have healthier
lifestyles by participating in team sports. We
also had a major impact on poor people in
India by offering free cataract operations and
in Kenya through offering access to clean
water.

Financial review

Financial review
Review of the charity’s
financial position at the end
of the period		 Para 1.21 Overall reserves decreased slightly during
the year as a result of a reduction in
donations. Given the challenging times 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 £64,257
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

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,		 Para 1.25 Limited Company.
CIO
Trustee selection methods Para 1.25
including details of any Appointed by existing trustees.
constitutional provisions e.g.
election to post or name of
any person or body entitled
to appoint one or more
trustees
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		 Trustee name Office (if any) Dates acted if not for
whole year		 Name of person (or body)
entitled to appoint trustee (if
any)
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 16/01/2025

Sikh Union Ltd Char Com 1150047 7202406 eriod an No Annual accounts for the To Period start date Period end date 0110412023 3110312024 Section A Statement of financial activities (including summary income and expenditure account) Restricted In¢ome funds Unrestricted funds Endowment funds PriOr￿r funds R&¢¢¥hmended categorfas by activity Totsl funds Income {Note 3) F01 F02 F03 F04 F05 Income and endowments from: and legacie5 Charitsbleacthtie8 Other trading *Yivitres Investrnents Sol 34,068 37,052 2,785 S02 S03 Total Expenditure (Notes 6) S07 34,066 39.837 E¥ppndiiure on: AasirvJ fund5 ctt2ritab￿ aclivthes $08 15.877 20.731 15,877 20.731 17,466 20,750 S09 Separate roatsrial expense itém S10 S11 Totsl S12 36,608 36,608 38,216 Net incornel{expenditurel before tax for the reporting period $13 2.542 2,542 1,621 Tax paY£￿e S14 Net incomel{expenditure) after tsx before investsnent gainslllosses} Nei gaifjslll(Bses1 on inveslments S15 2,542 2,542 1,621 S16 Net incomellexpenditure Extraordinary items Transfers between funds Other re¢ognised gainslllosses): S17 2,542 2,542 1,621 $18 S19 Gains and losses on re￿￿•Don offixed assets forthe haritys Nn LL8e other gainslllossesl Net movement in fiinds 2,542 2,542 1,621 Reconciliation ol funds.. Totsl fvnds tmLuhl fornvard 66.799 64,257 66,799 84,257 65,178 66,799 Totsl funds carried fonyard S24

Slkh Union Ltd Charity No Company No 11S0047 7202406 Section B Balance sheet Restricted income funds Unrestricted funds Endowment Total this funds Total last yèar Fixed assets Intsngible assets Tangible assets Heritsge assets Investments F01 F02 F03 F04 FOS {Note 15) (Note 14) (Note 161 (Note 17) Total fixed assets B01 B02 B03 804 Current assets Stocks (Note 18) (Note 19) INote 17.4 B06 Dèbtors Investments B07 808 Cash at bank and in hand (Note 24) Total current assets 809 64,257 64,257 66,799 810 64,257 64,257 66,799 Creditors: amounts falling due within one year (Nots 201 B11 Net current asse￿[118bllitsesJ 812 64.257 64,257 66.799 Total assets less current liabilities B13 66,799 Creditors: amounts falling due after one year (Note 20) Provisions for liabiltties B14 815 Total nef assets or liabilities Funds of the Charity Endowment funds (Note 27 Restricted income funds (Note 271 Unrestrictsd funds Revaluation reseNe Falr value reserve 816 64.257 64,257 66.799 B17 818 B19 64,257 64,257 66,799 B20 B21 Total funds B22 64,257 64,257 66,799 The company was entitled to exemption from audit unders477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordan¢• with section 476 of tho Compani•s Act 2006. The diTrector8 ￿knOwledge thelr r￿POnsIbIlItIeS for complylng wlth the requlrements of the Companles A with respect to accounting records and the preparation of accounts. Thesè accounts have been preparnd In accordanee with the provisions applicable to small companles subject to the small compani•s regime and in accordance with FRS102 SORP. Signed by one or Irusleesldireclors on behaw of all the trusteesldirectors Print Name Date of approval ddlmmlyyyy Bhovinder Sin hNa 1610112025

Se¢tion C Notes to the accounts Note 1 Basis of preparation This SÈdion shouklbe complotÈdbyall eharib•s. 1.1 Basis of accounting These accounts have b8en prepa￿1 underthe histoTrcal cost Conven￿On with items recagnised at C05t or tran$action value unkss otrrwse $tate(l in the rekvant ngtelsl to these accounts. The a￿Ounts have been prepared in accorfance vrith.. . and with" the Fin8rri81 Reporting Sl8ndard applieabie in the United Kin9dom and Republic of Irelan¢J IFRS 1021 and with the Charibes Ad 2011. The charity constrtute$ a public benefit entity as defined by FRS 102." 12 Going concern ff there are material untèrtainties Trlated to events or¢ondilions thatC35tsignfficantdoubton Ihe charftyts abllty to ¢ontinueas a goffln9 ¢on¢em, pIeèsepmT￿de the following t¥et•ils orslate-Not applicable-, rfappmprf¢.' An expL8nation as to those factors that 5UPPOrt the conclusion that thè charity is a going concern.. Nol 8pplicable Disdosure ofany unc•rtaintie5 that make the going ¢oncem assumption doubtful.. Not applicablg Where accounts arè not prepared on a going con￿rn basis, please disdo$e this fact together bwth the basis on which the trustee5 prepared the attounts and the reason why the tharTty is not regarde(l as a goin9 Con￿M. NotapplK8ble 1.3 Change of a¢¢ounting policy The accounts present 8 true and tsir and no change5 have been made to accounting polic￿$ adopted in nole 1.1. Pleas$ disclosfr." {1? the Ralure of tho change in accountingpolicyj NOtappI￿a)I8 {ii? the tsasons whyèpplying the newaceountingpolicy pmvides more reliable 8ndmore relev8ntlnft•rni¢lon,' Not8pplicable (iii) the mountof the adiustmentfttreach line affected in the currentperiod. eachp170rpeiyodpresetrtedand the aggTrgate amourt ofthe adjustn￿￿tr?l8ting to periods before thosepresented. 3.44 FRS102 SORP. Nol 8pplicable

Section C Notes to the accounts Icontl Note 2 2.2 INCOME Accounting policl&s RecognitioTr of incom8 se are kn thè Ststement of Finanoal Aetivilkqs ISOFAI wthEn.' the charity bè(yJrnes entitled to thè ￿$oUr¢es.. rt is Trore liketythan noi thai the twslees ￿11 le￿Ne the resour¢e5'. Ihe monetsryvalue can be measured wth surricient relk9bll(ty. Yes- a. Qff8ettlng re has been no offselbng of assets IkAknlilies, orinGvne and expenses. unkss requirpd or pemitted bythe FRS 102 SORP or FRS 1W2. Grants and donatiDns Graftts anj donabons are induded In Iha SOFA %Yhen trÈ general Income reeognilion criterfa are met15.10 to 5.12 FRS102 SORPI. Yes" Nla" In case of perfmance rdated grants. inccthe musl only be reL￿n￿d to the extent that th8 cbarity has provided the speofied goods or ser4rices as ent￿eMent to the grant or¢ty o(y)Jr5 when the pertornn￿ related wnditions are met15.16 FRS 102 SORPI. Yes. No" Legaues are included in the SOFA whèn reipl ￿ probaNÈ. that is. ¥¥tten there has been grant of probate. trE exeurtons have eslabltshed that there are suffic¥ent assets IhÈ estste and any condihons aftached to ts ￿gaty are eithw%YAhh &￿trol of the ch81ity or have been met. LegaGie5 Yes. No" Govornmentgrarts The charity has re￿Ne0 9ovemment grants in the reporting period Nla" GfftASd receivable 1$ Ir￿￿￿ed in incomewbÈn thwe is a valkl dedaration donor. Any Grft amount ￿COVered on a donation is cons￿￿8￿ lo be part oflhat gift and is ITealed as an a04￿On to the same fund as the donation unless Ihe donorortf tetms of the appeal have specffied othe￿iSe. Tax ro¢laitnS Oh donations and 9itts Y8S' No" Nla" Contractual incofflg 4rKI This is only induded h the SOFA once the charity has provhJ80 Ihe ￿lated goods or perfomiance mlatsd serv1￿5 (K niet the perfomiance related GonOition5. grants Yes- No. Nl2" Ye5- No" Donalod goods Donated goLs are measured at tsirvalue Itts 8mountfor asset Gouhl be exchanged) un￿sS imptaLral to do so. Mla" cost of any stock of goods donated fordsthbution to benefiuarEs deemed to be the tsir value of those gffts 81 tme of Iheir receipt arKJ they are recognised on receipt. In Ihe reportiry per￿d in which the stocks are disthbuted, trEy are recogni as an expense atthe G4rying amount of the stocs al distrSbution. Nla. )natsd go￿jS for resak are measured atfair on in￿"al recOgnI￿on. Ihe expected procE2ds from sale less ts eyectsd costs of sa￿. aThJ recognised in 'In￿rne 0lhprtradir¢ activ￿. with the corresponding slock recognised in the balan￿ sheel. On its sale Ite value of stock is thargeo againsl'lncome from otrr trading actsvits' and tho proc8eds from $819 are also recognised as'lncome from other trading acbwties,. Yes- No" Nla" Good5 donated for on-going use bythe charity are re￿gnIsert as tawib fixed assets and Included Sn Ihe SOFA as In¢￿Ir￿j resourc2s when recelvable. Yes. No" Nla" Gifts in kind for use by Ihe charty are inc&Oed kl the SOFA as inwme fTorn donations n recy￿dbÈ. Yes. Donated servlces and facllitl88 Donated se￿￿e$ and facilities are indL¥Jed in the SOFA sthen receNed at the Val￿ of the giftto Ihe tharity provided tha value of the gfft can be measured ￿lIat￿y. ND- Donated seN¢£s and fatslths that are corovwEd immedi8tdy a￿ re¢ognis8d as Yes- Nla.

kKome ￿￿th an equivalent amount recognlsed as an expense undertrE approwÈte headlry In Ihe SOFA. Ye5" No. Nla" Support CO8 Tre tharity has IKurr8d expenditure on 5UPPOrt Costs. Volur+tsor help The Value of any voluntary help roc8ived is not induded in the accounts but is descdbed in the trustees. annual report. Yes" No. Nla. Inc¢)m& from Interut roy4lt49s and dividendts ThLS 13 irJuded in the accounts when receipt 15 probable and amount recefvabta on be measured 181iaNy. Yes. No. Nla. from mgmbershlp Membership subscriplSons received in the nalure of a 9tN r8coyThsed In Donallons subsGrfptlons and Le￿a￿e$. Yes. No" Nla. Membership subscriptions which g￿eS a memberthe right to buy SeN1￿ or other r6fits are recivJnised a5 intome &am8d from tha provlsbn of 9OCNls and services as income from charitable actwilies. Yes. No. Nl&' S9tt19n￿Tr1 of Intsurncè clalms Insurance dalms aro only includsd kn th8 SOFA when thè genèral income recognition tjiteria ara mat 15.10 to 5.12 FRS102 SORPI and arg induded as an item of 01￿[ income in the SOFA. Yes. No. Nla. InvoBtmont g•ln and 108888 This In￿ude8 any r8ali88d or unrealk8ed 98ins or on the of inveslrnents and any gain or loss resuming from revaluing inve51rnents lo market valu2 at Ihe end of tl year Y8S' No. Nla. 2.3 EXPENDITURE AND LIABILITIES abi111ies are recogni5ed thre it is moffd likely than not thai there Is 8 legal or on5truclive obligation committiNJ the charity 10 pay out resources and the amount of IhÈ otAigation ¢n b& m&asured ¥￿1￿ reasonable tsrtalnly. Yes. No. Nla. Llablllty ro¢09nrtlon Gov8rnan¢e and support Support costs have been allocated befvRen go¥emarKe c051s and other support. ¢06t8 GovernarK& costs umprise all costs involvirg public accountability of Ihe charity and Ils compliance ￿th regulation and good practi￿. Support costs include centra1 functions and have been alkicaled ID actrwly cosl categor￿$ on a basis consislenl ¥￿th the use of resoU￿s. eg allocating propety costs by fioor areas. or per capila. stsff costs by the liffle spent and i)trEr costs by their L6ay&. Gronts wlth pgrforrn4nc¢ Where the charity gwe5 a grant with corKlition5 lor it5 payment being a $pècthc level of ¢ondltlon6 service or oulwtto tye provided, such grants are only recagnised in the SOFA onGe the ent of the grant has provKled the speL¥fied service or output. Yes" No. Nla. Y8S" No. Nla. Y8S' No. Nla. Grant8 payablo wltho Where IherÉ are no <rKlitions attathing to th8 grani that ena￿eS the donor chadly lo Perfo￿￿nCe ¢ondlVons realistical￿ avoKI the r￿mmItment, a liabilty foriht full funding oblioation must be reGOgni5￿. Yes. No. Nla. Rodundancy cotst The charity made no redundarcy payments during the repDrting period. Yes" No. Nla. Yes. No. Nla" Dolorrod In¢omo Nts material itsm of dèferred income has been Induded In a(uunl8. Yes" No. Nla. r•dMors The tharity has (xediiors whitl) S￿ measured al settlement amwn1518ss gny tr8¢e di&counls A liability is measured on re¢ognilK)n at its hi8iorKal ￿818￿ th8n subsequenlty Provlslons lor Il•bllltlg¥ mpasured al the best estimats of the amount required to settle Ihe oUigation al the reporting date The ¢harily 8xouni$ for ba$i¢fin8ndal Instruments on initial reco9nilh)n as per paragraph 10.7 FRS102 SORP. subseq￿nI measu￿ment is as per paragr8ph$ 11.17 10 11.19. FRS102 SORP. Yes" No. Nla" BA$1¢ fi￿n¢la1 Instsuments Yes. NO. Nla" 2.4 ASSETS Ttngibl• fixad asts•ts for These are Gapitaliwl rfthey bs used for mor& Ihan one year. and eosl at least usé by charity NIA Yes" No" Nla. They a￿ valued ai eosL depret4aivJn rates and methods used are disdosed in note 14.

The ¢harrty has Intangib￿ fixed assets, that Is. rvJrFmorptsry assets that do not have physical sub51anr£ are ideniffiable and a￿ controlkd bythe charitythrough cusknly orlgjal rights. The amOrt￿￿On rates and melhods used are Oiscbwl in note 15. IDtangibl¢ fixed ass¢ts Ye5" No" Nla" y arp vaw al cc61. Nla. The £ariti has hentage a55ets. that is. non-monetary assets ¥￿th htsioritt, artysl $GEnlffic, teinological. geophysic81 orenwronmenlal qualllS Ihat ar8 hekl and maintsined princip8￿Y forkneir coniribvlton lo knovAedge and cu￿re. The depwiabon rates ar￿ methods vsed 88d￿ck)sed note 16. Yes" Nla" They are ¥al￿d at ￿¥t. Wa. Fixed asset investrnenls in qwted shares. tsded bonds and similarinve5tfflenls are vatued al inthaiiy at cost and sub5equenly al fair valL Ilheir ma¢rt&l vaiuel al ts year ervj. The same treatment is applied to unlisted inveslm&ni$ Un￿55 fair value rannoi be measured reliabty in whith cxse it is me88ured al tx)st ￿ irnpairnent Yes" a" Investments held for resa￿ or pending the+rsa￿ and equiv8knts vrilh a maturity dal? ofless Ihan 1 year are trea￿3 as al￿ntasSet N)vesknents Yes. No. Nla. Stocks and work ift progress Stoths tkl forse as part of nrThchaAt8￿e trade are measured atthe Iwor c05t or net real￿ab￿ value. Yes" Nla" Goods or5ervi￿ prowdpd as part of a L￿arI￿Ne actlvily are measured 8t rtt reab$ab￿ value based on the seNre potential W0￿￿e￿ by hems of 5toth. Yes- Nla" W(Yk in prngress ￿ valued at cost less any foreseeabJe1055 that Ikdy to Lwjr on the conlract. No" Debtors IlncbJdiNJ trade ¢ebtoTs aThY k)ans r￿Nab￿l are measured on initigl recrynth.on ai s￿Ment amount atterany Irade dwwnts or amounl adwdnced by the atity. Subsequeniiy, they are rneasu￿d at the cash or otrr ¢D￿S￿eratIon expeced Detrrtors No" Nla. CuT￿ntO$s81 investments The chanty has iThve51ments whio) it hokls for resak or pendlrKJ thr sale and c&5h and Gash equ1¥a￿￿t5 ￿ryth a maturity date less than one year. These indude cash on deposit and cash eqU￿4￿ntS ￿1th a ma￿rity of k)$5 than ore year heid for investment PUTposes ratherlhan to meet short-lerm cash commibnents as theyfall due. Nl8' Yes" Pila" They arèvalued at fairvalue exceptwhere Ihey quaffy as basic fina4)L?al ¥￿1rur￿nts. POLICIES ADOPTED ADD￿lONAL TO OR DIFFERENT FROM THOSE ABOVE

Section G Notes to the accounts (cont) Note 3 Income Rèstrictsd incorne funds Analysis of income Unrestrlctsd fvnds Endowmènt funds Total funds Prror year Donations and legacies: Donations and ifts Gift Aid Le acies General grants provided by govemmenvother charities Membership subscriptions and sponsorships which are in Substan￿ donations 28,220 5,846 28,220 5.846 33,541 3,511 Donated goods, facilities and services Other Total 34.066 34,066 37.052 Charitsble activities: Stall hire Chari walk 2,170 615 Other Total 2,785 Other trading activities: other Total Income from investments: Interest income Dividend income Rental and leasin Other income Total Separate material item of Income Totsl Other: Conversion of endowment funds into income Gain on disposal of a tangible fixed asset held for charity's own use Gain on disposal of a programme related investment Royalties from the Lxploitation of intellectual property rights

Other Totsl TOTAL INCOME 34,066 34,066 39,837 Oth&r informatlon.. All income in the prior year was unrostricted except for.. (please provide description and amounts) Not applicable Where any endowment fund Is convertod into income In th& rèporting period, please give the reason for the ¢onvetsion. Not applicable Wlthin the income items above the following Items are material- (please disclose the nature, amount and any prior year amounts) Not applicable Where sums orlglnally denominated In forgign currency have been included In Income, explain the basis on whlch those sums have been translated into starling lor the currency In which the accounts are drawn upl. Not applicable

Section C Notes to the accounts (contl Note 6 Expenditure RestrOetÈd Unrestricted Incomè funds funds Analysis of expenditure Endowment funds Totsl funds Prtor year Expenditure on raising funds: Incurred seeking donations Incurred seeking legacies Incurred seeking grants Operating membership schemes and social lotteries 1,869 1,869 2,750 staging fundraising events 14,008 14,008 14,716 Fundraising agents Operating charity shops Operating a trading company undertaking non-charilable trading activi Advertising. marketing, direct mail and ublici Start up costs inCu￿ed in generating new Sour￿ of future income Intellectual propety li￿nCing costs Rent collection, Pfopety repairs and Maintenan￿ charges Total expendilure on raising funds 15,877 15,877 17,466 Expenditur? on charitable activities Donations made 20,731 20,731 20,750 Total expenditure on charitable activtties 20,731 20,731 20,750 Separate material item of expense Total

Othor Total other expandlture TOTAL EXPENDITURE 36,608 36,608 38,216

Other informatton: Analysis ol expenditure on charitable activities Grant funding Activty or pro9ramrne Support Costs Totsl this year rotal prforyear AGtivities undertaken directly activities Activity 1 Activi Other Total Prior year expenditure on charltable activities tan be analysed as follows: Donations made out Within the expenditure items above the following items are material: (please dlsclose the nature. amount and any prior year amoufttsl Not applicablé Where sums originally denominated in foreign currency have been included in expenditure, explain the basis on which those sums have been translated into sterling (or the Currency in which the accounts are drnwn up). Not applicable

SeGtion C Notes to the accounts (contl Note 24 Cash at bank and In hand This year Last year Short temi ¢a$h investments (less than 3 months maturity datel Short term deposits Cash at bank and on hand other ToLIl 64,257 66,799 64,257 66.799

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		 Sikh Union Limited Sikh Union Limited
31 March 2024
07202406
Charity no.: 1150047 Company no.: 07202406
1-13

Basis of independent My examination was carried out in accordance with general Directions given examiner’s statement 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:

Signed: Date: 18/01/2025 Name: Dr Rakesh Sachdev BSc MSc PhD FCCA ACA Relevant professional ACA (ICAEW) & FCCA qualification(s) or body (if any): Address: 5 Albany Road Coventry CV5 6JQ

2

IER