Sikh Empowerment Voluntary Association – S.E.V.A Accounts For the year ended 31st March 2023
INDEX
| Charity Info | 2 |
|---|---|
| Trustees' Note | 3 |
| Income & Expenditure | 4 |
| Balance Sheet | 5 |
| Exeminer's Note | 6 |
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SIKH EMPOWERMENT VOLUNTARY ASSOCIATION -S.E.V.A
Company Information
TRUSTEES
Parminder Cholia Tajinder Ghatoura Hardeep Sunnar
Exeminers
FINANCIAL PEOPLE LTD 124 CITY ROAD LONDON EC1V 2NX 0333 335 5398 - accounting@financial people.com www.financial-people.com
Bankers
LLOYDS BANK [LC 25 GRESHAM STREET LONDON EC2V 7HN
Registered office
51B BARKING INDUSTRIAL PARK ALFRED’S WAY BARKING IG11 8TJ
Registered number
1168776
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TRUSTEE REPORT
The Trustees are pleased to present their Annual Report and financial statements for Year Ending 31st March 2023.
AIM & PURPOSES
The Charity’s main objectives are to reach out and provide support and aid to individuals who are in conditions of need, hardship or distress as a result of local or national disaster or by reason of their social and economic circumstances and to advance and promote the Sikh religion.
Main areas of work include:
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The preparation & distribution of warm meals to homeless and destitute individuals
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The meal is offered on an unconditional basis, with no charge or expectation of any contribution from the beneficiary
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The collection and distribution of warm clothing and blankets to the Homeless and destitute individuals
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The promotion of other qualified, registered and regulated service providers by signposting their details to homeless and destitute individuals directing them to request formal assistance from other specialist government and charitable organisations leading individuals to secure accommodation and employment
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The promotion and advancement of the Sikh religion
The above list is not exclusive or exhaustive nor set in order of priority, the trustees may include further activities from time to time which will support one or more of the objects of the charity, all of which shall be to further such other charitable purposes for the public benefit as are exclusively charitable according to the laws of England and Wales as the Trustees may from time to time determine.
STRUCTURE, GOVERNANCE & MANAGEMENT
The Trustees manage the business of the Charity and are responsible for the day to day running of operations. No Trustee or volunteer is paid any wage from the charity funds. All the work undertaken is solely voluntary service from all. We have currently around 100 members (volunteers) on our books. Each Volunteer undergoes an induction / Training programme which they have to complete before they are able to participate in the activities of the charity. The training programme covers all health and safety aspects in relation to the preparation and distribution of food. The volunteers are an essential part of the charity and it is their work that makes our objectives possible.
ACHIEVEMENTS
Homeless Feeds – Every Tuesday the Seva Team get together to prepare and distribute around 80-100 Homeless people in Ilford Town Centre. The Weekly feed has been going since June 2015 and this is our main activity during the week. Over time and with experience, we have developed a system for smoother running of operations and everything is now running perfectly. We have ‘Food Prep Team’, ‘Stock Team’ and ‘Feed Team’ within which also has ‘Response Team’ that deals with the safety and welfare of the team while distribution takes place. Our work has been highlighted in local newspapers and national TV channels (Sikh Channel & KTV). The weekly feeds have continued as normal even through the COVID 19 Pandemic as it was classed an ‘essential Service’.
LANGAR WEEK
Participated in Langar week were we provided 3000 plus meals to the general public and explained the general concept of Langar.
LOCAL AUTHORITY GRANTS
We applied various grants to help us continue and further our work and we managed to get £12,000 and £6000 respectively. This will help us grow operations and help more people in need.
FUTURE PLANS
We are looking to increase the number of feeds we currently do and try to further help homeless individuals that are in need of a meal. We also plan to do various fundraising events to further boost the financial capacity of the charity to further fulfil the objectives of the charity.
Thank You
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Client : Sikh Empowerment Voluntary Association – S.E.V.A Year end : 31 Mar 2023
Statement of Financial Activies
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31/03/2023 31/03/2022 Variance
Particulars
£ £ £ £ % Amount
Income
Income 15,707.83 17,715.16 -11.33%
Grants 18,400.00 - 100.00%
(Other trading income - 2) - - 0.00%
34,107.83 17,715.16 92.53%
Generating Costs
-
Opening Stock
- -
Opening work in progress
COS - Food Items 10,597.48 1,703.46
COS - Cloths 48.49
10,597.48 1,751.95
Less :
Closing Stock 2,500.00 2,500.00 0.00%
- -
Closing work in progress
10,597.48 1,751.95 504.90%
GROSS Income 23,510.35 15,963.21 47.28%
Other income
Bank Interest received - -
Bank interest - -
Other income - -
- -
(Income - 1)
- -
(Income - 2)
- -
23,510.35 15,963.21 47.28%
Expenditure
Disposables 1,173.16 102.56
Donation 279.00 40.00
Donation for Amitoj Sahota - 1,000.00
Insurance 1,033.69 397.80
Pest control - 350.00
Reimbursement to Volunteer 196.10 75.00
Repairs & Maintenance 7.95 210.00
Subscription fee 216.00 216.00
Sundry 206.82 20.00
Vehicle Running exp 522.84 1,501.27
Website Maintenance 187.17 160.18
Depreciation - Plant and machinery 390.94 177.75
Depreciation - Motor vehicle 1,519.47 1,787.61
Depreciation - Computer equipment 224.70 -
5,957.84 6,038.17 -20.76%
NET OUTGOING RESOURCES FOR THE YEAR 17,552.51 9,925.04 88.67%
C/F TO FUNDS : 17,552.51 9,925.04
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Client : Sikh Empowerment Voluntary Association – S.E.V.A Year end : 31 Mar 2023
Balance sheet
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31/Mar/2023 31/Mar/2022
Particulars
£ £ £ £
FIXED ASSETS
Tangible assets 9,284 10,663
CURRENT ASSETS
Stock 2,500 2,500
Cash at bank and in hand 45,704 26,772
48,204 29,272
CREDITORS
NET CURRENT ASSETS / (LIABILITIES) 48,204 29,272
TOTAL ASSETS LESS CURRENT LIABILITIES 57,488 39,935
NET ASSETS 57,488 39,935.50
FUNDS
Unrestricted Funds 42,146 24,594
Restricted Funds 15,342 15,342
TOTAL FUNDS 57,488 39,936
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For the year ending 31/03/2023 the organisation was entitled to exemption from audit under Trustee responsibilites
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The memebers have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
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The trustees acknowledge their responsibilites for complying with the requirements of the Act w.r.t to accounting periods and the prepration of accounts.
These accounts have been prepared in accordance with the provision applicable to companies subject to small companies regime.
Apporved by the Trustees and signed on their behalf by :
Trustee / Secretary
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Exeminer's Note
I report on the accounts of the charity for the year ended 31 March 2023, which are set out on pages 4 to 5.
Respective responsibilities of trustees and examiner
The charity’s trustees, are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year and that an independent examination is needed. I am qualified to undertake the examination being a qualified member of Chartered Institute of Management Accountants.
Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to:
(i) examine the accounts under section 145 of the 2011 Act;
(ii) to follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and
(iii) to state whether particular matters have come to my attention.
Basis of independent examiner's report
My examination was carried out in accordance with the general Directions given 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 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 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 next statement.
Independent examiner's statement
In connection with my examination, no matter has come to my attention: (a) which gives me reasonable cause to believe that in any material respect the requirements:
(i) to keep accounting records in accordance with section 41 of the Act 2006; and (ii) to prepare accounts which accord with the accounting records, comply with the accounting requirements of the Act and with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities; have not been met or
(b) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Tajinder Dhuria ACMA FINANCIAL PEOPLE LTD 124 CITY ROAD LONDON EC1V 2NX
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