Trustees’ annual report (including Directors’ report) for the period
From: 01/04/202024 To: 31/03/2025
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
Through the various activities held, we were able to encourage people to have healthier lifestyles by participating in team sports Summary of the main Para 1.20 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.
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, although this was partly due to a reduction in donations being made out by the charity. 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 | £64,365 |
| 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, |
Para 1.25 | Limited Company. |
| unincorporated association, CIO |
||
|---|---|---|
| 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. |
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 |
Resigned on 31/12/2024 |
|||
| Palvinder Singh Chana |
||||
| Jaspal Singh Jheeta |
Resigned on 31/12/2024 |
|||
| Baldev Singh Chaven |
Appointed on 06/01/2025 |
Existing Trustees | ||
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 11/12/2025
Sikh Union Ltd Chari No Com an No Annual accounts for the 01Apr-24 1150047 7202406 eriod 31-Mar-25 Section A Statement of financial activities (including summary Income and expenditure account) Restricted income funds Unrestricted funds Endowment funds Prioryear funds Recommended categorles by actlvity Total funds Income (Note 3) Ineome and èndowmènts from: Clonations and legacAes Charitable aCtive$ F01 F02 F03 F04 F05 S01 33,581 33,581 34,066 S02 Other trading athits Invesbnents S03 S04 Separate material item of income Other Total Expenditure (Notes 6) Expendtture on: Raising funds Charilable a£¥eS sos sos 1,457 35.038 1,457 35,038 S07 34,066 S08 20.409 14.521 20,409 14,521 15,877 20,731 S09 Separate material exp8nse tsm Other S10 S11 Total $12 34,930 34,930 36,608 Net incomel(expenditure) before tax for the reporting period Tax payabk S13 108 108 2.542 $14 Net incomel(•xpenditure) after tax before investment gainsl{losses) Net gainslllosses) on investments S15 108 2,542 S16 Net in¢omel{expenditure) Extraordinary items Transfers between funds Other recognised gainsl{losses): Gains and losses on reValUatn of rc1 assets forth? Char$ own use Other gainslllos5esl Net movement in fiinds S17 108 108 2.542 S18 S19 S20 S21 S22 108 2,542 Reconciliation of funds.. Total funds brought forward Total funds camed fonvard S23 64,257 64,365 64,257 64,365 66,799 64,257 S24
Slkh UnSon Ltd Charity No Company No 1150047 7202406 Section B Balance sheet Restri¢ted Income funds Unrestrlcted funds Endowment Total th18 funds year Total last year Fixed assets Intsngible assets Tangible assets Heritage assets Investments F01 F02 F03 F04 F05 (Note 15} (Note 141 (Note 16) (Note 17) Total fixed assets B01 B02 B03 B04 B05 Current assets Stocks Debtors Investments (Note 18) (Note 19> (Note 17.4) B07 Cash at bank and in hand {Note 24) Total current assets 64,365 64,365 64,257 B10 64,365 64.365 64,257 Creditors: amounts falllng due wlthln one year (Note 20} B11 Net current ass•ts/(liabilities) B12 64.365 64,257 Total assets less current Ilabilities B13 64,257 Creditors: amounts falling due after one year {Note 20) Provisions for liabilities B14 815 Total net assets or Ilabilities B16 64,365 64,365 64,257 Funds of the Charity Endovnnent funds (Note 27) Restricted income funds {Note 27> Unrestricted funds B17 B18 B19 64,365 64,365 64,257 Revaluation reserve Fair value reserve B20 B21 rotal funds B22 64,365 64,257 The company was ontided to exemption fmm audit unders477 of the Companies Act 2006 rolatlng to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for Complying with the requirements of the Companies Act with respect to accounting records and the preparation of accounts. These accounts have been prepared in a¢¢ordan¢e with the provisions applicable to small companies subject to the small companies regime and in accordance with FRS102 SORP. Signed by one or tsvo trusteesldirectors on behalf of all the trustee51directrJrs Print Name Date of approval ddlmmfyyyy Bhovinder Sin hNa ra 1111212025
Section C Notes to the accounts Note 1 Basis of preparatlon This section should bè completed by all ¢horiti0s. 1.1 Basis of accountlng These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwse stated in the relevant nolelsl lo these accounts. The accounts have been prepared in accordance with.. and with. the Financial Roporting Standard applicable in the United Kingdom and Republic of Ireland IFRS 1021 and with the Charities Act 2011. The charlty conslitules a public benefit entity as defined by FRS 102.. 1.2 Going concèm If there are material uncertainties related to events or condltlons that cast slgnlflcant doubt on the charltys ability to continue 0$ a going concem, please provide the followlng detalls or state -Not applicable", If approprlate.. An explanation as lo those factors that support the conclusion that the charity is a going concem", Disdosure of any uncertainties that make the going concern assumption doubrful., Not applicable Not applicable Where aceounls are not prepared on a going concem basis, please disclose this f8Ct together with the basis on which the trustees prepared the accounts and the reason why the charity is not regarded as a going conrn. Not apicable 1.3 Change of accounting policy The accounts present a true and fair view and no changes have be?n made lo thè accounting policie$ adopted in note 1.1. Yes. No. Plse thsclose.. {1) the nature of tho change in accounting policy,. Not applK&ble (11) the reasons why applying the new a¢¢ountlng policy pmvldes more reliable and more relevant Infonnatlon.. and Not applicable
{iii) the amount of the adjustment for each line affected in the currentperiod, each priorperiodpresentedand the aggregate amount of the adjustment relating to perlods before thosepresented. 3.44 FRS102 SORP. Not appltC8ble 1.4 Changes to accounting estlmates No changes lo accounting estymates have oceurred in the reporting period13.46 FRS102 SORPI. Yes. No" Please di5close.' (i) the nature of any changes." No( appIlble (11) the effect of the change on income and expense or assets and liabilities for the Cuent period." and Not applicable (iii) whère practicable, the effect of the change ITn one or nre future period& Not applicable 1.5 Materlal prfor year errors No material prior ear error have ken identified in the reporting period13.47 FRS102 SORPI. Yes. Please disclose.. (i) the nature of the priorperiod error.. Not applicable (li) for each priorperiodpresentedin the accounts, the amount of the Correction for each account line item affected.. and Not applicable fiii) the amount of the correction at the beginnlng of the earfiestpriorperiodpre5ented in the accounts. Not appIable
Section C Notes lo the accounts (conti Note 2 2.2 INCOME Accountlng policies R•¢oqnltson of incomè These are Iru080 in the Statefflenlol Financial knbvities ISOFAI when." charity becomes entslled to the resources, il Is mor8 likèly than Dot th the teeSlI1 retsive ihe resoLrn". the monetary value oxn be measured Wrfh suffiaent reliaknlity. Ye No. Nla" Yes. No. Olfsettlnu TThere has been no off5ettiry of assets li8biithe5, or income and expenses, required or permrtttd by the FRS 102 SORP or FRS 102. Nla. Ye5" No. Nla. Grants and donation8 Gr8nts and donations are only indLthd In the SoFAwheD the 0?r¥I in¢ame recAyJnition crltena ar8 mel15 10 tD 5.12 FRS102 SORPI In the case of p6rforrn8n related grants. IDcomt musi only be iecA)gTri5ed to the extsnl thai the chanty has sxovided th& specjfia goods or 5erviGes as erttivemenl to the grant 0nlyoLLrS when the performaN2 r2latsd conditions are met15.16 FRS 102 SORPI. Yes" Nla. Ltgacjes are Included in the SOFAwben leIpl Is probable. that Is. when there has been grant of wobats, tha executors have estaLlish8d th81 theare sufficient assets in Ihe eststè arvj 8ny cond11ions attached to the legacy are eilher ¥rfiihin the control of the charityor have been rnèL L•gaci#s Yes. No. Nla. Y8S" Nl8" Govèrnmonlgrants Thè cb8fty has re•ved gDvwrwn8ni gfants in ihe repcKbng penDd GIfttt r1Vae is IndUd in income ¥then there is a valid dearatIon from the dDnor. Any Gift Aid amountre0verPd OD a ¢¢n8bon is considered lo be part of Ihat gift and treatsd a5 an addition to the $8fne lund as thè Initial dorV¢n unless the don e terms of the appeal haVtr6pecified Oiherwise. Tax r•clalm$ gn donations and gifts Ye5" No. Nla. Corrtractual income &niJ This is lY induded In the SOFA onTr thè Charity has wovided related kVJDds or perforrnanc• related servws or metthe performarte ralaEed wnditions 9rnnts Ye5. No. Nla. Yes. No. Wa" onatad 8ood5 Dated gooJ5 > measured aifar value Ithe 3fflountforwhich Ihe as5el could be exchanged) unless Impr8Cbc41 to do 50 The ty1 of¥ry $1(th ofo&id5 dDnaled ford1stnttltsn ts benekianes 18 deem 10 be the lair vglue of IhDse gifts ai th? lime of their reLeipl and ihey arp re¢c¥Jnised on rerlpL In the rèwrbw penod in which the stocks ara di$iribJied, they aFe recwnised as an expense at ihe CAT[ng amouniofthe stsk5 al diStri1j. No. Donatsd goodsfor resab are meawied atPair ¥alue on Initia5 reCan10. whtth 18 th? extE¢ied wotedsfrDm sale less the expected sts of sale. and r$U1ed In 'Incom&from omer Irading 3¢tIVEtses' cureswnding sioBk recognised In Iha balance sheet. On its sale the value of siod( is tharged aJainst'lncJ)me from other Irdding acbvitres, and Ihe $ai& ar8 81s0 recognised as'income frtsm other tradin9 aLvie8,. Gots donai•J ty oIng Use by the charity are recoynis a$trwtts fixed assets and IrKlvded In the SOFA as Incomiw resourw when rewvable. Yes" No. Nla" Yes" No. Nla. Gits in kind lor by the chanty are indLthd In the SoFAa5 irmtne from dothbens when receivable. Yes. No. Donatsd $wvi¢es and Donated 5ÈrwtrsaThJ facAliliesAre Induded In tha SOFA when received al the YalL of the gitt tolhe charity provided valLe of theoift can b2 measured rdi8tly. Ye5. No. NIB. Donated selv¥ and faolibes th8t¥re owsurned irnmed18tely are rgxgnised 85 incy)me an equivalent amount recognisej as an Èwse wder the approwale h8ading In the SOFA Ye$" Nl8" Yes. No. Nla. Support costs The tharty has Incuffed expenditure on yupporteosts. The Val of8ny voluntJy ntlp racelv8d is ied in the xcounts bJt Is Yes" No. Nla.
¥U1uiih iiJiy bed in Ihetr1eÈS, annual rerL ltt¢ome from interesL royaltie5and dlvldonds ThkS is In tha wxx)unts ¥then recèpt 15 wobableand thtrarnount reN8tle rAn be mtrasur reliabty. Yes" No. Nla. Income from membernhip Membetship sub5oiptiorts ved in the nature ofa grfla récognised In t>orbS subscriptions ¥nd LegarAe5 Yes" No. Nla" sptiOnSIl gi4 mambèrthe nghtto buy8CeS trother benefits are regnIsed as income eatned frorn the mion of goods ar 8eMcesas incornefrom tharitable aclivities. Yes. Nla. Seillemèm of insufance Insurdnce daims are only Iuded in the SoFAth the gener81 Irtthna rewiNtion clalms criteria are Tnet15.10 to 5.12 FRS1W2 SORPI and ¥e inclLYJed Ès an item of oth8r inrne in the SOF Yes" No" Wa. Investment g8in8 and losses This Inc153nY reallsed or UnTeali5&d gains h)sges on the$8le of inve8knentsand anyg8io or Ioss fftsulting frcffi rev8luing invesbments ts m8rketvalue atthe end ofthe Nla- 2.3 EXPENDITURE AND LIABILITIES Liabilitses are recognised there it Is mrye likelythan notthatthere L48 lega or Liabilty recognitsM CfJnstrucve obli9ation thè (thatity to pay oth resourcesand thearrount the obligabfyi can be rsu[Edth re85onabl&e4tsinty. GoVernall and support Supportcosts have been aiiocated govern8n C05tsand olher Support GNemance costs Lxxnprise all costs invdving publiCcoUntab]Ilfy ofthe Qalltyand ils csjmpikanWttt wulation and gODd Fte. Support Costs indude centr81 fUrt¢bS and tsve tten alloeAtedto aCtiWtycJt Catege5 OD 8 basis con51Stentwth the ust 0fres0ur, eg alh)cating ppertY sts by lloor areas. or percapita, staffcosls by the time spent and othercosts by their us8ge. Gr8llts Tmth perfOanCe Vlthere the d)arity give58 grantwth &lon5 for ils payment being a speufic le¥d of conditior servitt orouwto be provided, grents areonly rgnised In ihe SoFA0nl retipjefitoflhe gtsni has provided the swfied s& or oulpui Yes" No. Wa" Yes" No" Nla. Yes" No. Yes. Nla. Grants payablethoUI Wherethwe are no wnditions attachino to the grantthat enatyes the thnorcharityto rfomance condlllor realistiLzIty avoKI thecommltseTrl 4 Ikibility ftrihe fJll funding obl1w" MUSI L recconi Ye5" RedundarKy cost 7he charity made noBdund8nLy p8yrnent&during the rewrtrny pwiod. Yes" No" D•fprrAd In¢c•ne No IrLqterial Item of dtferri inrA)rr has been Ijude in theattounts. Yes. No" Creditors charity has creditorsythich ¥e measured atstrtuemeni £mount8 less anytrada IsaOts Yes" Nla. A liability 15 weastK&J on reryJynthon at its hlsiodcal eostand then 5ubseqtsenly measvred al the be51 estim818 oflhÈamountrequirt to setuethe obligation atb reporbng date The ¢h¥rfty acLvLnts forb8s¢fitsral instwmtsen initial ftorynition as per kBragraph 10.7 FRS102 SORP. SUbwt measunThenl Is as w P3f4fdphs 11.17 to 1 1.19. FRS102 SORP. Provisionsfor liabilitS Ye5. No. BasICfirnci0I instruments Yes" Nl8" 2.4 ASSETS ran9ible fixed a55ets for Thesewe capitalised iftheyw be LÉed formre th8n 0Year. and cost atleast use by charity NIA Theyarnvalued atC4>5L Ye5. No" Nla. The deprecl8b¢n rtte$arvJ meth)ds are disd05ed In note 14. The dprity has intsngible fixed ass*8, that is, n(YFrnonetsry 8s5ets thatdo not have I Substan trlaTe identifi8ble and are rnnirolled by the chatity through CL orlegal rights The amotti5ation rates math(wts used are dlOSed In note 15. Intanyiblefixed assets Yes" Nla. They are atC05t Yes" No. Nla. The charity has heritw assets, thai is, Mn.monetary 3ssetswth historic, arbsb scientfiG, geophysical orenwronmental qalthe$ that a hdd and rnaintained pnnapally forthtircx>nthbution lo krowkdo?8nd cumu. deweoaiion ratesand metr as di2dosed in Tthe 16 Heritsge assets Nla" Yes" No" Nl8' They 8re Val atcost
Fixed at investm8nts in quoted Shares. traded bond$ and $rnilar inve51mentsa
valuèd at Iniiially al cost and $ubs8qU8nVy al fair v31ue Ilheir matket value) 81 ye8r
The sarne treatment Is applied to unlistsd investments unless tsir value cannot b#
measu0 reliably In which £Se rt Is me85tsred 8tcost kss Imparment
Invgstmonts
Yes"
Invesbments held for r8sal& or pending their Sale and Lzsn and c¥sh equl¥alentswith
maturity dats of le88 th8n 1 yeargre treated 2s curreni 8S5et Investsnellt5
No"
Nla.
st18 ond work in
progr8$$
StrkS hdd tr 98le05 partof non
Section C Notes to the accounts (cont) Note 3 Income Restricted in¢ome funds Analysis of income Unrestrt¢ted fund$ Endowment funds Totsl funds Prior year Donations and legacies: Donations and ifts Gift Aid acies General grants provided by govemmenvolher charities Membership subscriptions and sponsorships which are in substance donations 33,581 33.581 28,220 5,846 Donated goods. facilities and services Other Total 33,581 33.581 34,066 Charitable adivities: Other Total 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 exploitation of intellectual hts Other 1,457 1,457 1.457 1,457 Total TOTAL INCOME 35,038 35,038
other Inforniatlon: All income in the prlor year was unrestrtctsd 6xcoPt for.. Iplaas• provlde doscription and amounts) Not applicable Where any èndowmont fund Is converted Into income in the reportlng period. pl•a$g give the rnason for the conversion. Not applicable Wlthln the income itsms above the followlng items Ire materlal: Iploase dlsclose thg naturn, amount and any prior year amounts) Nol applicable Whgra sums originally d8nominated in foreign currency havg been included In Incomo, explain thè basis on whl¢h those sums h•v8 bean translatsd Into storling lor tho currnncy in whlch the accounts are drawn upl. Not applicable
Section C Notes to the accounts (contl Note 6 Expenditure Restri¢tsd Unrestrtctsd in¢ome funds funds Analysis of expenditure Endowment funds Total funds Prior yèar Expenditure on raising funds: Incurred seeking donations Incurred seeking legacies Incurred seeking grants Operating membership schemes and social lotteries 1,899 1,899 1,128 Staging fundraising events 18,040 14,008 Fundraising agents Operating Charity shops Operating a trading company undertaking non-charitable trading activi Advertising, marketing, direct mail and ublici Start up costs incurred in generating new Sour of future income 470 470 741 Intellectual property licencing costs Rent collection, property repairs and maintenance charges Total expenditure on raising funds 20,409 20,409 15,877 Expenditure on Charitable activities Donations made 14.521 14.521 20,731 Total expendlture on charitable activitles 14.521 14,521 20,731 Separate material item of expense Total Other Total other expenditure TOTAL EXPENDITURE 34,930 34,930 36,608
other infomiatlon: Analysis of expenditure on Charltsble activities Grant funding Activity or programme Actlvlties undertaken dlrectty Support Costs Totsl this yoar Total priorye8r activities Activity 1 Activi Other Total Prior year expenditure on Charitable activities can be analy$9d as follows: Donations made out Withln the expenditure items above the followlng items are material.. (please dlsclo$ the nature. amount and any prior year amounts) Not applicable Where sums originally denominated in foreign currency have been Included In expenditure. explain the basis on whlch those sums have been translated Into sterling lor the currency in which the accounts arg drawn upl. Not applicable
Section C Notes to the accounts (cont) Note 24 Cash at bank and in hand This year Last year Short tenn cash investments (less than 3 months maturity date Short temi deposits Cash at bank and on hand Other Total 64,365 64,257 64.365 64,257
Independent examiner's report on the accounts
Section A Independent Examiner’s Report
Report to the trustees/directors/ Sikh Union Limited members of
On accounts for the year ended[31 March 2025 ] Charity no.: 1150047 Company no.: 07202406 Set out on pages 1-13
- Respective The trustees (who are also the directors of the company for the purposes of responsibilities of company law) are responsible for the preparation of the accounts. The trustees and examiner 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
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• to state whether particular matters have come to my attention.
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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.
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Independent In connection with my examination, no matter has come to my attention
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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:
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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)
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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:
1
IER
Name: Dr Rakesh Sachdev BSc MSc PhD FCCA ACA
| Relevant professional qualification(s) or body (if any): Address: |
ICAEW & ACCA |
|---|---|
| 5 Albany Road | |
| Coventry | |
| CV5 6JQ |
2
IER