British Sikh Council UK Charity Number 1173066 Accounts For Year Ending 31 July 2021 Offlke 01922.915462 A*)blle 0779&17LW5 ## British Sikh Council UK ## Company Information Business Address 101 Wolverhampton Road West Walsall West Midlands WS2 0BX Accountants A Singh Accountancy Office No.4 Grove House Grove Terrace Walsall WS1 2NE Tele 0121-358-1047 Mob 07796-170805 Trustees Mr Tarsem Singh Mr Gurdev Singh Mr Sucha Singh Dhanda Mr Makhan Singh Mr Bir Singh Mann ## Charity Number 1173066 _**A Singh Accountancy Office 01922-915462 Mobile 07796-170805**_ ## British Sikh Council UK ## Contents ||Page No.| |---|---| |Trustees Report|1| |Profit and loss account|2| |Balance sheet|3| |Fixed Assets|4| _**A Singh Accountancy Office 01922-915462 Mobile 07796-170805**_ ## British Sikh Council UK ## Trustees Report ## For Year Ending 31 July 2021 The Trustees present their annual report for the year ended 31st July 2021 under the Charities Act 1993, together with the unaudited accounts for the year and confirm that the latter comply with the requirements of the Charities Act, the Trust Deed and the charities SORP 2005. **Structure, Governance and Management Governing documents** British Sikh Council UK has been a registered charity since April 2003 under the CRN 1122686. In May 2017 the charity changed its status to a CIO and had all assets transferred over to the new charity registration number 1173066. **Governing bodies** The British Sikh Council is governed by it’s constitution that was dated 17 May 2017. The Council is responsible for: -Appointing the members of the administrative committee. -Policies and procedures for induction and training of Trustees - Organisational structure **Recruitment and Training of the Trustees** The charity’s elected trustees are appointed a meeting of the British Sikh Council . Eligibility is determined by the individual competence, and availability to serve in the role. **Organisational Management** The Charity Trustees are legally responsible for the overall management, monitoring and control of British Sikh Council, and meet at regular intervals Branch structure and relationship The Charity is based in the West Midlands. Objects, aims, Objectives and activities **Charitable objectives** The main objectives of the charity are as below:1) The advancement of the Sikh Religion (by promoting Sikh teachings and Guru Nanak’s Mission of a Haleemi Raj). 2) The relief of financial hardship, in particular but not exclusively in Sikh Communities in India, by making grants of money for providing or paying for items, services or facilities. 3) The relief to and assistance of people in any part of the world, who are the victims of war or natural disaster, trouble, infringement of human rights or catastrophe.. 4) The promotion of religious harmony. a) Educating the public in different religious beliefs including an awareness of their distinctive features and thir common ground to promote good relations between persons of different faith. . b) Promoting knowledge and understanding and respect of beliefs and practices of different religious faiths. **Financial review** The Statement of Financial Activities shows incoming resources of £358963 (2020 £710039), with the primary funding sources being from charitable donations. Resources expended on projects, appeals and donations was £432500 (2020 £736110) Resources Expended on the administration and general running of the charity was £90423 (2020 £50238). The charity has been severely hit by COVID19 with all donations being 50% down. **Reserves Policy** The British Sikh Council NAC has reviewed the level of reserves, and is satisfied they are sufficient to meet known future costs and to protect the Charity against financial risk. **Future Plans** The main priority of the Charity’s 5 year development plan is to increase donations received , so that it can pursue its’ objectives more ## **Page 1** _**A Singh Accountancy Office 01922-915462 Mobile 07796-170805**_ ## British Sikh Council UK ## Trading Profit & Loss Account ## For Year Ending 31 July 2021 |||**2021**||**2020**| |---|---|---|---|---| |Donations|242131||504064|| |Clothing|61997||111419|| |TV Appeals|29817||14776|| |Rentals|7612||14584|| |Metal|1109||0|| |Gift Aid|16297||65196|| |**Total Income**||**358963**||**710039**| |**Cost of Sales**||||| |RMT/SatnamWelfare|382500||725331|| |RMT/Guru Teg Bhadur|0||0|| |TV Appeal|0||10779|| |Charitable donations|50000||0|**736110**| |**Total COS**||**432500**||| |**Less: expenses**||||| |Legal and professional fees|3771||220|| |Rates|6371||3760|| |Light & Heat|0||1025|| |Insurance|5461||8881|| |Repairs and renewals|55926||2099|| |Equipment repairs and renewals|0||419|| |Telephone and fax|0||106|| |Computer software and maintenanc|0||0|| |Printing, postage and stationery|0||431|| |Trade subscriptions|0||633|| |Sundry expenses|927||3215|| |Motor expenses|1585||9900|| |Petrol or diesel|9669||10966|| |Travel and subsistence|1851||4207|| |Advertising|400||0|| |Accountancy fees/ Professional|1080||900|| |Bank charges|747||35|| |Depreciation|2635||3512|| |Bank Interest|0||-71|| |Loan Interest|0||0|| |HP Interest|0|**90423**|0|**50238**| |||||| |**Net profit for the year**||**-163960**||**-76309**| The notes on page 4 form part of these accounts ## **Page 2** _**A Singh Accountancy Office 01922-915462 Mobile 07796-170805**_ ## British Sikh Council UK ## Balance Sheet ## For Year Ending 31 July 2021 |**Notes**
**Fixed assets**
Freehold Investments
Motor Vehicles
**Current assets**
Debtors
Bank
Loans
Gift Aid
Other Debtors
**Less current liabilities**
Trade Creditors
Loans
HM Revenue & Social Security
Other Creditors
**Net current liabilities**
**Net (Liabilities)/Assets**
**Financed by:**
**Capital account**
Balance brought forward
Capital introduced
Net profit for the year
Drawings|**2021**
0
7903
**7903**
11149
151235
0
0
0
**162384**
0
1250
9057
11474
**21781**
**140603**
**148506**
0
312466
0
0
0
-163960
0
0
**148506**|**2020**
250000
10538
**260538**
11818
46572
50000
16720
0
**125110**
275
54000
7708
11199
**73182**
**51928**
**312466**
388775
0
-76309
0
**312466**|**2020**
250000
10538
**260538**
11818
46572
50000
16720
0
**125110**
275
54000
7708
11199
**73182**
**51928**
**312466**
388775
0
-76309
0
**312466**| |---|---|---|---| ||||**312466**| I approve the accounts set out on page 2 to 4 disclosing a defecit of £163960 in respect of the year ending 31 July 2021. I confirm that I have made available all relevant records and information for the purpose of preparing these accounts ## **Mr Tarsem Singh** Proprietor Date **21-May-22** The notes on page 4 form part of these accounts ## **Page 3** _**A Singh Accountancy Office 01922-915462 Mobile 07796-170805**_ ## British Sikh Council UK ## Notes to the Accounts ## For Year Ending 31 July 2021 ## **Tangible Fixed Assets** |**Cost**
1-Aug-20
Additions in year
31-Jul-21
**Depreciation**
1-Aug-20
Cost for year
31-Jul-21
**Net Book Values**
1-Aug-20
31-Jul-21|**Plant &**
**Machinery**
0
0
**0**
0
0
**0**
**0**
**0**|**Motor**
**Vehicles**
23225
0
**23225**
12687
2635
**15322**
**10538**
**7903**|**Fixtures**
**& Fittings**
0
0
**0**
0
0
**0**
**0**
**0**|**Total**
23225
0
**23225**
12687
2635
**15322**| |---|---|---|---|---| |||||**10538**| |||||| |||||**7903**| ## **Page 4** _**A Singh Accountancy Office 01922-915462 Mobile 07796-170805**_ ## British Sikh Council UK ## Notes to the Accounts ## For Year Ending 31 July 2021 ## 1 **Principal accounting policies** ## **Accounting convention** The accounts have been prepared under the historical cost convention ## **Sales** Sales represent the total invoice value, excluding value added tax, of sales made during the financial year ## **Depreciation** Depreciation is calculated to write down the cost, less estimated residual value , of all tangible fixed assets over their expected useful lives. The rates generally applicable are:- |Motor Vehicles|**25.00%**| |---|---| |Plant and Machinery|**N/A**| |Fixtures and Fittings|**N/A**| |Office Equipment|**N/A**| ## **Page 5** _**A Singh Accountancy Office 01922-915462 Mobile 07796-170805**_