SGGS Academy UK
TRUSTEES ANNUAL REPORT AND ACCOUNTS
31 January 2024
SCOTTISH CHARITY NUMBER: 1155883
SGGS Academy UK Trustees Annual Report and Accounts for the year ended 31 January 2024
Scottish Charity Number: 1155883
Current Trustees
Chairperson Jagdip Bhandal Board member Dr Pritpal Singh Khaira Board member Gursinder Kaur Khaira-Bhandal
Contact address
4 Fern Avenue Lenzie Glasgow Lanarkshire G66 4LE
Recruitment and appointment of Trustees
All of the trustees are appointed or reappointed by the members at our annual general meeting.
Governing document
SGGS Academy is a charitable unincorporated association and the purposes and administration arrangements are set out in our constitution.
Charitable purposes
Our purposes, as recorded in our constitution, are to provide educational services comprising teaching the Punjabi/Gurmukhi language, the contemplation of Sikh scriptures and thereby contribute to their ability to become self-sufficient.
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SGGS Academy UK Trustees Annual Report and Accounts for the year ended 31 January 2024
Trustees remuneration and expenses
The trustees did not receive any remuneration during the year.
Reserves £ The surplus/(deficit) for the year was (8,605) The Trust held unrestricted funds of (9,619) as at 31 January 2024
Approved by the Trustees and signed on their behalf
Jagdip Bhandal
16 September 2024
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SGGS Academy UK Trustees Annual Report and Accounts for the year ended 31 January 2024
Independent Accountants' Report to the Trustees of the SGGS Academy UK
We report on the accounts of the charity for the year ended 31 January 2024 which are set out on the following pages.
Respective responsibilities of trustees and examiner
The charity's trustees are responsible for the preparation of the accounts in accordance with the terms of the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006. The charity trustees consider that the audit requirement of Regulation 10(1) (d) of the Accounts regulations does not apply. It is our responsibility to examine the accounts as required under section 44(1) (c) of the Act and to state whether particular matters have come to our attention.
Basis of independent examiner's statement
Our examination is carried out in accordance with Regulation 11 of the Charities Accounts (Scotland) Regulations 2006. 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 seeks 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, we do not express an audit opinion on the view given within the accounts.
Independent Accountants' statement
In the course of our examination, no matter has come to our attention:
- which gives us reasonable cause to believe that in any material respect the requirements:
to keep accounting records in accordance with Section 44(1) (a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations, and
to prepare accounts which accord with the accounting records and comply with Regulation 9 of the 2006 Accounts Regulations
have not been met, or
- to which, in our opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
DA Accountants Chartered Certified Accountants
Spiersbridge Business Park 1 Spiersbridge Way Thornliebank Glasgow G46 8NG 16 September 2024
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SGGS Academy UK Receipts and Payments Account for the year ended 31 January 2024
| Notes Receipts Donations received Payments Fundraising training expenses Expenses Wages and salaries Accountants fees Total Payments Surplus/(Deficit) |
2024 £ 36,246 36,246 35,845 8,956 50 9,006 44,851 (8,605) |
2023 £ 33,340 |
|---|---|---|
| 33,340 | ||
| 38,355 | ||
| 8,848 350 |
||
| 9,198 | ||
| 47,553 | ||
| (14,213) |
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SGGS Academy UK Statement of Balances as at 31 January 2024
| Notes | 2024 | 2023 | |
|---|---|---|---|
| £ | £ | ||
| Bank and Cash in Hand | |||
| Cash at bank and in hand | 6,767 | 15,797 | |
| 6,767 | 15,797 | ||
| Liabilities | |||
| Trade creditors | 2 | - | 475 |
| Accrued charges | 425 | 375 | |
| 425 | 850 | ||
| Net Assets | 6,342 | 14,947 | |
| Reserves | |||
| General funds b/fwd | (1,014) | 13,199 | |
| Surplus/(deficit) for period | (8,605) | (14,213) | |
| (9,619) | (1,014) |
All funds are unrestricted
Approved by the Trustees and signed on their behalf
Jagdip Bhandal
16 September 2024
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SGGS Academy UK Notes to the Accounts for the year ended 31 January 2024
1 Accounting basis
The accounts have been compiled on a basis that enables surpluses and deficits to be calculated in accordance with UK Generally Accepted Accounting Practice and that provides sufficient and relevant information to satisfy Charity rules.
2 Payments and Receipts
Expenses include an amount accrued in respect of accountancy fees for the preparation of the accounts. The accountants' fees were paid after the year end and is shown under liabilities on the Statement of Balances.
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