Trustees’ Annual Report for the period
From 01-Jan-2021 Period start date To 31-Dec-2021 Period end date
Charity name: City Sikhs Foundation
Charity registration number: 1160843
Objectives and Activities
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SORP reference
Summary of the purposes Para 1.17 To promote the following charitable
of the charity as set out purposes for the benefit of the public and
in its governing in particular for members of the Sikh and
South Asian communities in Britain and
document
around the world by providing them with
support and assistance in the following:
A. Advancing education and in particular
the development of individual capabilities,
competencies and skills needed to excel
within professional careers;
B. Promoting religious and racial harmony
by raising awareness and understanding of
Sikh and South Asian religious beliefs,
culture and heritage;
C. Promoting equality and diversity by
enabling people of Sikh and South Asian
heritage to understand the religious beliefs
of others and vice versa;
D. Advancing community capacity building
by developing the capacity and skills of
members of the Sikh and South Asian
community
in such a way that they are better able to
identify, and help meet, their needs and to
participate more fully in society;
E. Advancing citizenship and community
development through the promotion of
volunteering and the voluntary sector;
F. The promotion of the moral or spiritual
welfare or improvement of the community;
Summary of the main Para 1.17 and Panel discussion events organised:
activities in relation to 1.19 Marking International Women’s Day
those purposes for the 2021
public benefit, in City Sikhs Midlands: Lockdown One
particular, the activities, Year On
Organ Donation for Sikhs #OrganSewa
projects or services
identified in the Untold Stories: Funding for public art in
London - faith communities event
accounts.
The Sikh Family - Past, Present and
Future
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Mentoring: Running the first 9 month mentoring scheme to support professionals in their careers Interfaith: Continue to represent the Sikh community at the Faith Forum for London. Statement confirming Para 1.18 The Trustees confirm that they have had whether the trustees regard to the Charity Commission’s public benefit guidance where relevant. have had regard to the guidance issued by the Charity Commission on public benefit
Additional information (optional)
You may choose to include further statements where relevant about:
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SORP reference
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Policy on grant making Para 1.38 n/a Policy on social investment including Para 1.38 n/a program related investment City Sikhs Ambassadors have helped to organise both the Internationals
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Contribution made by Women’s Day and City Sikhs Midlands: volunteers Para 1.38 Lockdown One Year On panel discussion events
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Up to 100 members have volunteered to become mentors in the City Sikhs mentoring program
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Other
Achievements and Performance
SORP reference
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.
Additional information (optional)
You may choose to include further statements where relevant about:
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Achievements against Para 1.41
objectives set
Performance of
fundraising activities Para 1.41
against objectives set
Investment performance Para 1.41
against objectives
Other
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Financial Review
Review of the charity’s Para 1.21 financial position at the end of the period Statement explaining the Para 1.22 policy for holding reserves stating why they are held Amount of reserves held Para 1.22 Reasons for holding zero Para 1.22 reserves Details of fund materially Para 1.24 in deficit Explanation of any Para 1.23 uncertainties about the charity continuing as a going concern
Additional information (optional)
You may choose to include further statements where relevant about:
The charity’s principal sources of funds Para 1.47 (including any fundraising) Investment policy and objectives including any Para 1.46 social investment policy adopted A description of the Para 1.46 principal risks facing the charity Other
Structure, Governance and Management
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Description of charity’s
trusts:
Type of governing Para 1.25
document
(trust deed, royal
charter)
How is the charity Para 1.25 CIO
constituted?
(e.g unincorporated
association, CIO)
Trustee selection Para 1.25
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
Additional information (optional)
You may choose to include further statements where relevant about:
Policies and procedures
adopted for the induction Para 1.51
and training of trustees
4 Trustees
1 Director
The charity’s
organisational structure Para 1.51
and any wider network
with which the charity
works
None
Relationship with any Para 1.51
related parties
Other
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Reference and Administrative details
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Charity name City Sikhs Foundation
Other name the charity City Sikhs
uses
Registered charity 1160843
number
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Charity’s principal c/o City Sikhs Foundation
address 77-79 Charlotte Street
London
W1T 4PW
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Names of the charity trustees who manage the charity
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Name of person (or body)
Dates acted if not for
Trustee name Office (if any) entitled to appoint trustee
whole year
(if any)
1 Jasvir Singh Chair Since Oct 2010
2 Param Singh Vice Chair Since Oct 2010
3 Harpreet Virdee Treasurer Since Oct 2017
4 Meeno Chawla Oct 2021
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6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
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Corporate trustees – names of the directors at the date the report was approved Director name
Name of trustees holding title to property belonging to the charity
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Trustee name Dates acted if not for whole
year
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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 Name Address adviser
Name of chief executive or names of senior staff members (Optional information)
Rita Chadha
Exemptions from disclosure
Reason for non-disclosure of key personnel details
Other optional information
Declarations
The trustees declare that they have approved the trustees’ report above.
Signed on behalf of the charity’s trustees Signature(s) Jasvir Singh Full name(s) Jasvir Singh Position (eg Chair Secretary, Chair, etc)
Date 23/10/2022
CITY SIKHS FOUNDATION
Charity number 1160843
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31st DECEMBER 2021
CITY SIKHS FOUNDATION
CONTENTS FOR THE YEAR ENDED 31 DECEMBER 2021
| Page | |
|---|---|
| Legal & administrative information | 1 |
| Independent examination report | 2 |
| Statement of financial activity | 3 |
| Balance sheet | 4 |
| Notes forming part of the financial statements | 5-7 |
CITY SIKHS FOUNDATION
LEGAL & ADMINISTRATIVE INFORMATION FOR THE YEAR ENDED 31 DECEMBER 2021
| Charity Number: | 1160843 |
|---|---|
| Trustees: | Jasvir Singh OBE |
| Param Singh MBE | |
| Harry Virdee | |
| Registered address: | Apartment 40888 |
| PO Box 6945 | |
| London | |
| W1A 6US | |
| Independent examiners: | Community360 |
| Winsleys House | |
| High Street | |
| Colchester | |
| Essex | |
| CO1 1UG | |
| Bankers: | Barclays Bank |
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CITY SIKHS FOUNDATION
INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 MARCH 2022
I report on the accounts of City Sikhs Foundation for the year ended 31 December 2021 which are set out on pages 6 to10.
Respective responsibilities of trustees and examiner
The Charity’s Trustees 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 (2) of the Charities Act 2011 (The Act) but that an independent examination is needed.
It is my responsibility to:
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Examine the accounts under section 145 of the Charities Act,
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To follow the procedures laid down in the General Directions given by the Charity Commissioners (under section 145(5)(b) of the Charities Act, and
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To state whether particular matters have come to my attention.
Basis of independent examiner’s Statement
My examination was carried out in accordance with the General Directions given by the Charity Commissioners. 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 considerations of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently I do not express an audit opinion on the view given by the accounts.
Independent examiner’s statement
In the course of my examination, no material matters have come to my attention which gives me cause to believe that in, any material respect:
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the accounting records were not kept in accordance with section 130 of the Charities Act; or
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the accounts did not accord with the accounting records; or
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the accounts did not comply with the applicable requirements concerning the form and content of the accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair' view which is not a matter considered as part of an independent examination.
I have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Shelley-Marie Rudling FMAAT AATQB for and on behalf of: Community360
Winsley’s House, High Street, Colchester, Essex Date 28.10.2022
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CITY SIKHS FOUNDATION
STATEMENT OF FINANCIAL ACTIVITY FOR THE YEAR ENDED 31 DECEMBER 2021
| Note Income Donations & legacies 2 Charitable activities Total Income Expenditure Charitable activities 5 Cost of raising funds 4 Total Expenditure Net Income/(Expense) Transfer between funds Total funds at 1 January 2021 Total funds at 31 December 2021 |
Unrestricted Funds £ 4,544 5,000 9,544 2,697 5 2,702 6,842 1,907 6,644 15,393 |
Restricted Funds £ - 11,000 11,000 10,152 892 11,044 (44) (1,907) 10,770 8,819 |
2021 Total £ 4,544 16,000 20,544 12,849 897 13,746 6,798 - 17,414 24,212 |
2020 Total £ 7,395 - |
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| 7,395 | ||||
| 953 9,297 |
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| 10,250 | ||||
| (2,855) - 20,269 |
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| 17,414 |
The notes on page 8 - 10 form part of these financial statements.
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CITY SIKHS FOUNDATION
BALANCE SHEET AS AT 31 DECEMBER 2021
| Note Current Assets Cash at bank and in hand Debtors 7 Total Current Assets Current Liabilities Creditors 8 Total assets Unrestricted Funds 10 Restricted Funds 10 Total Funds |
2021 £ 24,091 700 24,792 579 24,212 15,393 8,819 24,212 |
2020 £ 17,702 - |
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| 17,702 288 |
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| 17,414 | ||
| 6,644 10,770 |
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| 17,414 |
The Trustees declare that they have approved the accounts.
Signed Date 27/10/2022 Name: Harpreet Singh Virdee
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CITY SIKHS FOUNDATION
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2021
1. Accounting policies
The principle account policies are summarised below. The accounting policies have been applied consistently throughout the year and in the preceding year.
Basis of the preparation of the accounts
The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement on Recommended Practise applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy or note.
Fund accounting
Unrestricted funds are avaliable for use at the discretion of the trustees in furtherance of the general objectives of the charity.
Designated funds are unrestricted funds earmarked by the trustees for particular purposes. Restricted funds are subject to restrictions on their expenditure imposed by the donor or through the terms of an appeal.
Incoming resources
All income is included in the statement of financial activity when the charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income.
• Voluntary income is received by way of grants, donations and gifts and is included in full when receivable.
• Donated services and facilities are included at the value to the charity where this can be quantified. The value of services provided by volunteers has not been included in these accounts.
- Investment income is recognised on an accruals basis.
Resources expended
Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure is classified under the following activity headings:
• Costs of raising funds relate to the costs incurred by the charitable company in inducing third parties to make voluntary contributions to it, as well as the cost of any activities with a fundraising purpose.
• Expenditure on charitable activities includes the cost of activities undertaken to further the purposes of the charity and their associated support costs.
- Other expenditure represents those items not falling into any other
Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.
Allocation of support costs
Resources expended are allocated to the particular activity where the cost relates directly to that activity. However, the cost overall direction and administration of each activity, comprising the administrative and overhead costs of the central function apportioned based on trustee/volunteer time, of the amount attributable to each activity.
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CITY SIKHS FOUNDATION
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2021
Where such information about the aims, objectives and projects of the charity is also provided to potential donors, activity costs are apportioned between fundraising and charitable activities on the basis of area of literature occupied by each activity.
Cash flow
The financial statements do not include a cash flow statement because the charity, as a small reporting entity, is exempt from the requirement to prepare such a statement under Financial Reporting Standard 1 "Cash flow statements".
| 2. Donations and legacies Unrestricted £ Donations & gift aid recoverable 4,544 4,544 3. Charitable activities Unrestricted £ Grants 5,000 5,000 4. Cost of raising funds Unrestricted £ Event costs 5 5 5. Expenditure of charitable activities Unrestricted £ Administration costs - Subscriptions 360 Accountancy & professional fees 456 Marketing 183 Insurance 140 Wages £905 Other staff - Project expenses - Training 125 IT & computer costs 384 Bank charges 144 2,697 |
Restricted £ - - Restricted £ 11,000 11,000 Restricted £ 892 892 Restricted £ - - - - - - 5,204 4,948 - - - 10,152 |
2021 £ 4,544 4,544 2021 £ 16,000 16,000 2021 £ 897 897 2021 £ - 360 456 183 140 905 5,204 4,948 125 384 144 12,849 |
2020 £ 7,395 |
|---|---|---|---|
| 7,395 | |||
| 2020 £ - |
|||
| - | |||
| 2020 £ 233 |
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| 233 | |||
| 2020 £ 233 360 360 - - - - - - - - |
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| 953 |
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CITY SIKHS FOUNDATION
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2021
6. Trustee remuneration and expenses
No trustee or other person related the the charity had any personal interest in any contract or transaction entered into by the charity during the year (2020: Nil). The trustees received £Nil for expenses incurred.
| 7. Debtors Other debtors 8. Creditors Accruals 9. Analysis of net assets between funds Current assets Current liabilities 10. Movements in funds At 1 January 2021 £ Restricted funds: NHSBT grant 10,000 NHSBT Community Engagement MHFA grant 770 AHPN grant - Total restricted funds 10,770 General fund 6,644 Fayre Share Foundation - Total unrestricted funds 6,644 Total funds 17,414 |
Incoming resources £ - 10,000 - 1,000 11,000 4,544 5,000 9,544 20,544 |
General funds £ 7,970 (579) 7,390 Outgoing resources £ 6,095 4,948 770 - 11,813 - 3,217 3,217 15,030 |
2021 2020 £ £ 700 - 700 - 2021 2020 £ £ 579 288 579 288 Restricted Total funds funds 2020 £ £ 16,822 24,792 - (579) - 24,212 At 31 December Transfers 2021 £ £ (1,907) 1,998 5,052 - - - 1,000 (1,907) 8,050 3,690 7,498 (1,783) - 1,907 7,498 - 15,548 |
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11. Number of staff
From August 2021, there was one employee for the organisation (2020: Nil)
12. Going Concern
The charity is operating on a going concern basis
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