## **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**
**----- Start of picture text -----**
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
**----- End of picture text -----**
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:
- SORP reference
- 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
- Contribution made by Women’s Day and City Sikhs Midlands: volunteers Para 1.38 Lockdown One Year On panel discussion events
- Up to 100 members have volunteered to become mentors in the City Sikhs mentoring program
- 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:
**----- Start of picture text -----**
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
**----- End of picture text -----**
## **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**
**----- Start of picture text -----**
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
**----- End of picture text -----**
## **Reference and Administrative details**
**----- Start of picture text -----**
Charity name City Sikhs Foundation
Other name the charity City Sikhs
uses
Registered charity 1160843
number
**----- End of picture text -----**
**----- Start of picture text -----**
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**
**----- Start of picture text -----**
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
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
**----- End of picture text -----**
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
**----- Start of picture text -----**
Trustee name Dates acted if not for whole
year
**----- End of picture text -----**
**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|
**1**
## **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:
- Examine the accounts under section 145 of the Charities Act,
- 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
- 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:
- the accounting records were not kept in accordance with section 130 of the Charities Act; or
- the accounts did not accord with the accounting records; or
- 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
**2**
## **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
-|
|---|---|---|---|---|
|||||**7,395**|
|||||953
9,297|
|||||**10,250**|
|||||**(2,855)**
-
20,269|
|||||**17,414**|
The notes on page 8 - 10 form part of these financial statements.
**3**
**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
-|
|---|---|---|
|||**17,702**
288|
|||**17,414**|
|||6,644
10,770|
|||**17,414**|
The Trustees declare that they have approved the accounts.
Signed Date 27/10/2022 Name: Harpreet Singh Virdee
**4**
**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.
**5**
**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|
||||**233**|
||||**2020**
**£**
233
360
360
-
-
-
-
-
-
-
-|
||||**953**|
**6**
**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**|
|---|---|---|---|
## **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
**7**