Charitable Incorporated Organisation Charity Number : 1173535 ## ANNUAL REPORT ## AND FINANCIAL STATEMENTS Period of accounts Start Date 1[st] April 2021 End Date 31[st] March 2022 Kartar Farm **l** New Road **l** Swindon **l** Dudley **l** DY3 4PP info@jetsinghtrust.org **l** www.jetsinghtrust.org ## **TRUSTEES REPORT** History of Jet Singh Trust The Trust was set up in memory of Wolverhampton born Jatinder Singh Chatha (1983 – 2016), affectionately known as Jet. Jet was an accomplished wrestler who competed on the international stage. He was a skilful fitness trainer with an outstanding passion for coaching people to good health. His untimely passing in 2016 was to mark the inception of the charity in his name. ## AIMS and OBJECTIVES Our aim is to galvanise people to join together to improve their physical, mental and social health, while simultaneously fundraising for a diverse range of worthy causes. Community spirit forms the bedrock of the Trust. ## KHALSA SEVA CHARITABLE TRUST On an international scale, Jet Singh Trust has decided to help support on a long term basis – Khalsa Seva Charitable Trust. Khalsa Seva is a non profit making organisation based in New Batala Colony, Batala Jalandhar Road, Punjab, India. Their mission statement is ‘Lifting the vulnerable out of poverty’. ## SERVE HUMANITY SERVE GOD They are a charity in Chandiarh India that help spinal chord patients, they played a huge role in the Farmers Protest in Delhi. They managed all our donation in regards to purchasing tents, fire extinguishers’, washing machines, food parcels and also they verify the poor families in India that need help with paying children’s school fees, homes that need renovating and also food parcels for the poor. They also opened a COVID medical facility where people could attend for care, oxygen and other essentials. We are in regular contact with Swaranjeet Singh (president) who provides us with updates on how our donations are being spent and also investigates appeals of help. We share their video updates with our regular donors vis social media channels. We have been able to donate money to them so they can purchase physiotherapy equipment to help with rehabilitation of people in their care at their charity hospital. They are still awaiting Government approval on their bank accounts, which can take upto 5 years, therefore we send money Moneygram to them. ## DONATIONS During this past year we have been in and out of lockdowns and COVID restrictions therefore not many events have taken place. We are looking at future events to help raise the profile of The Bearded Runner who is running 2022 miles in the year 2022 raising funds for the Benches of Hope project and Mental Health awareness. We will be seeking course providers in the coming year to offer Mental Health and Suicide Prevention Online courses. The Benches of Hope will act as a signpost to people in distress, they will feature helpline numbers. At the time of writing the Ukraine Invasion by Russia is causing much distress to Ukranians living in the UK. We have been working hard with our Ukranian friends from the Wrestling community to collect and purchase donations relevant to them in this time of distress. We made an appeal for donations and wee completely overwhelmed, within 5 days we collected 5 van loads full of donations and delivered to the polish Border. We were then able to take another 4 van loads full of donations 3 weeks later. We have been in close contact with the Hub in Ukraine where our donations were received and are being distributed to those effected by the invasion. ## STRUCTURE, GOVERNANCE AND MANAGEMENT – Constitution – Association – Appointed by a resolution passed at a Type of governing document – How the charity is constituted – Trustee selection methods – meeting of charity trustees ## TRUSTEES Davinder Singh Chatha Harvinder Singh Chatha Narinderjit Kaur Mahal Daniel Paul Chandip Bal Amritpal Singh Chatha JEf SINGH TRusr REPORT AND FINANaAL STATEMEI FOR THE YEAR ENDED 31ST MARCH 2022 Charlty No. 1173535 JEf SINGH TRusr INDEX Page LEGAL AND ADMINISTRATIVE INFORMATION REPORT OFTHE INDEPENDENT EXAMINER STATEMENT OF FINANCIAL ACTivrfiES BALANCE SHEET ACCOUNTING POLICIES NOTES TO THE FINANCIAL STATEMENTS 6-9 JETSINGH TRusr LEGAL AND ADMINisfRATIVE INFORMATION Trustees Dschatha A Chatha H Chatha N Mahal CBal D Paul Registered Offl¢•: Foley House, Heath Mill Road. Wombourfie, Wofverhampton. WV5 8AP Bankers: Uoyds Bank PLC, 12 Swan Street, Warwicl Warwlckshlre, CV34 4BJ Accountants: UHY Hacker Youn8 (Birmlnghaml LLP. 9- 11 Vlttorla Street. BimiNdham, 813ND JEf SINGH TRUST INDEPENDEKf EXAMINER'S REPORT TO THE TRUSTEES Respertlve Responsibilities of Trustees and Examlner The trustees {who are also the directors of the company for the purposes of company law) are responsible for the preparation of the accounts. The tharirfs trustees consider that an audit is not required for this year under sectlon 144 of the Charitie5 Act 2011 {the Charities Act) and thai an Independent examination Is needed. It Is our responslblllty lo.. examine the accounts under sectknn 145 of the Chartt*sAct to follow the procedures lald down in the generdl Directlons 8iven by the Charlty Commlsslon (under sectk)n 14515)Ib) of the Charlt*s Act, and to stste whether particulor matters have come to my attention. Basls of lrnde￿ent examln•¢5 Stltrment Our examination was carrfed out In accordance with general Dlrectlons 8iven by the Charlty Comrnlsslon. An examlnatlon Includes a revlew of the accountln8 records kept ￿ the charlty and a comparlson of the accounts presented wbth tl)ose record& It also Includes considefatlon of any unusual 6tems or disclosures In the accounts, and seeking explanations from the trustees concemln8 any such matters. The pmcedures undertaken do rMJt provlde all the evldence that would be requlred In an audlt, and consequentty no oplnlon Is glven as to whether the accounts present a 'true and falrf view and the report Is Ilmited to those matters set out In the statement below. Independ•nt ex•mlnerfs st•temert I hve completed my examlnatk)n. I confim) that no m•tethl matters have come to my attentlon In connectlon wlth the examlnatlon 8fvln8 me cause to belleve that In any materlal respecl: a¢countln8 records were not kept In respert of the charfty as requlred by sertion 130 of the Acl. or the accounts do not accord wlth those records; or the accounts do r￿t comply vffth the appllcable ￿quIreMents concemlng the fonn and content of accounts set out In the Charitles (Accounts and Reports) Re8ulatK)n5 2(M)8 other than any requirement that the accounts 8l¥e a 'true and falr VIe￿ *thkh Is nol a matter consldered 1$ part of an Independent ¨n4tlon. Malcolm Wlnston 27 January 2023 Relevant professlonal quallfthion and body: FCCA. quallfied A¢￿￿ntIn1 UHY Hacker Youry (Blrrni*m) LLP 11 Vlttorla Street Blrniln8ham B13NO JEf SINGH TRUST STATEMENT OF FINANCIAL AcnviTIES FOR THE YEAR ENDED 31 MARCH 2022 Restrirted Total T¢)tsl LIDrestrictod Restrfcted Flxed Asset Year Ended Year Ended F￿d$ Funds Funds 31.03.22 31.03.21 INCOMING RESOURCES IncomlTr8 Te50urcu from oenerated fwNts Voluntary In¢om¢ Donatlons Donatlons (Chatha Famlly l)onatlons) Unrestricted Grants Investment Income 127.445 28,145 127,445 32,395 86,719 17,830 30,757 4.250 Income for Charftable P£tlvlile5 Restrlcted Grants 13,041 13,041 57,883 TOTAL INCOMING RESOURCES 155,590 13,041 172,881 193,189 RESOURCES EXPENDED Charltsble Artlvltieg char￿able Actlvhle5 Premlses and Runnln8 Costs 64.573 25,473 11.480 1,561 76,053 30,082 67,561 23,175 io TOTAL RESOURCES EXPENDED 13.041 106.135 90,736 NEf INCOMING/ioiTfGOING RESOURCES) 65W4 202 66.746 IOI453 Trnn$fers betwe•n Funds 70) 970 NEf MOVEMENT IN FUNDS 64574 in 66.746 102N53 Fund Balances brought forward 202.791 11.372 214.163 111,710 FUND &4LANCES CARRIED FORWARD 267.365 13 280,909 214.163 JET SINGHTRusr BALANCE SHEET AS AT 315r MARCH 2022 Total Totsl Asat 31 March 2021 31 March FIXED AS5Ers Tan8ible Assets 13,544 11,372 CURREKfA5SErs Debtors Cash at Bank and In Hand 651 264.414 1.647 203.034 204,681 UABILITIES Amounts due wlthln one year 1.950 I￿90 IIEf CURRENT A5SET5 263,1 201791 TOTAL ASSETS LESS CURRENT UABIUTIES 274659 214,163 FUNDS Unrestrlrted Funds Restrlcted Funds 267,365 13,544 202,791 11,372 TOTAL FUNDS 280,909 214.163 The flnènclal ￿aternents on pages 3 to 9 were approved by the trustees and authorised for Issue on 27 January 2023 and $18ned on thelr be￿lf by: Name: Narlnd•rJlt Mahal Slgned: JE[ SINGH TRUST ACCOUNTING POLICIES FOR THE PERIOD ENDED 31 MARCH 2022 Basls of Preparation The financial statements have been prepared in accordance with Accounting and Reportlng by CharitTres: Statefflent of Recommended Practice applicable to charitles preparin8 their accounts in ac¢orflance with the Financial Reportin8 Stsndard applicable in the UK and Republlc of Ireland IFRS 1021 leffeclive l January 20191- Charities SORP IFRS 102), the Financial ReFM)rting Standard applicable in the UK and Republic of Ireland IFRS 102) and the Charities Ath 2011. Golng Concern The trustees a5se55 whether the use of 80in8 concern is appropriate l.e. whether there are any material uncertaintles related to events or conditions that may cast significant doubt on the abllity of the company to continue as a 8olng concern. The trustees make ihis assessment in respert of a perlod of one year from the date of approval of the financial ststements. Grants Granls receivable are credlted to Income Sn the year to which they relate. Tan8lble Flxed Assets Asset5 COStlng £51XI or more are capitsllsed as tsnglble flxed assets and are carrled at Cost, net of depreclatlon and any provlsion for impairment. Where tangible fixed asseis have been acqulred wlth the ald of 5￿fiC 8rants, elther from the government or from ihe prlvate sector, they are Included In the Balance sI￿t at Cost and depreclated over their expected useful economlc Ilfe. Where there are specific conditlons attached to the fundin8 requirlng the contlnued use of the asset the related grants are credited to a re5trlrted fixed asset fund In the Ststement of Financlal Activitles and carried forward In the Balance Sheet. Depreciatlon on the relevant assets Is charged dirertl¥ to the restrlcted fixed asset fund in the Statement of Flnanclal Actlvitles. Where tsn8ible fixed assets have been acquir￿ wlth unrestrlcted funds. depreciation on such assets Is charged to the unrestricted fund. Depreclatlon Is prowded on a stral8ht Ilne basls (except for motor vehldes whlch Is on a reduclng balance bas15) on the cost of tanglble fixed a55et5. to write them down to their e51imated residual values over thelr expected useful lives. The prlncipal annual rates used for assets are: Motor Vehicles Flxtures & Fittln8S 25.0% 10.0% JEf SINGH TRusr NOTES TO THE AccouNfs FOR THE YEAR ENDED 31 MARCH 2022 I TANGIBLE FIXED ASSETS FIx￿re5 & Flttln8S Motor Vehlcles Totsl 2022 At l April 2021 Additions D55P05als At 31 March 2022 5.430 970 19.2(K) 4,250 24,630 5.220 23,450 Depv•datlon At l Aprll 2021 Charged In year Dlsposals At 31 March 2022 470 559 12,788 13.258 1,029 15,277 16306 Net l)ook value At l Aprll 2021 At 31 March 2022 6AIZ 8,In 11.J7Z 44 5,371 Asat 31 Marth 2022 31 M•rch 2021 2 DEBTORS Prepayments Other Debtors 651 1,143 1647 651 LIABILMES Amounts due wlthln one year. Accruals 2022 2021 1.950 1.950 1,890 I￿90 FUNDS At l Aprfl 2021 Surplus for year 202,791 64,574 11.372 2.172 At 31st Marth 2022 267,365 13y4 Funds are desi8nated as follows: - General Unrestricted Reserve5 - Fixed Asset Reserve5 267,365 13.544 267,365 13W4 JEf SINGH TRUST NOTES TO THE AccouKfs FOR THE YEAR ENDED 31 MARCH 2022 FUNDS (CONT'D) The Charity is carrying funds of £276.65912021: £214,163). £263,11512021: £202.7911 is 8eneral unrestrirted reserves and £13.54412021: £11,372) 15 restricted fixed assets reserve& Unrn5trlcted Restri Flxed Asset Analy515 of Net Assets Net Current Assets Fixed Assets 263,IlS 13,544 13,544 263,115 Year Ended 31.03.22 Year Ended 31.OJ.21 DONATIONS Donations (See Note 121 Unrestricted 151,340 151,340 104,549 104,549 Year Ended 31.03.Z2 Y•ar Ended 31.03.21 FUNDING FOR TRusfs CHARITABLE AcnvmES Grants (See Note 131 - Unrestrlcted Restrlcted 30,757 57,883 13.041 13,041 Year Ended 31.03.22 Y•ar Ended 31.03.21 INVESTMENT INCOME Bank Interest Year Ended 31.03.22 Year Ended 31.03.21 8 sfAFF COSTS WaBe5 & Salaries {Note 101 Soclal Securlty Costs 1,260 3,304 1,260 3.304 No employee earned £60,(KKI p.a. or more The avera8e number of employee5 Was: Management & Administration JEf SINGH TRusr NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2022 Total Unlestrf￿ R•strkted Year Ended 31.03.22 Total Year Ended 31.03.21 RESOURCES EXPENDED Charltable Expendlture Grants to other Charities Charitable ActlvS1ies 64,573 64.573 11.480 76,053 59,867 11.480 11,480 64,573 67,561 Skd Y•ir Ended Y••r End•d 3L03.22 31.03.21 10 RES(KIRCES EXPENDED ManJ8ement & Mmlnlstralion stsff Costs Accountancy Payroll costs Motor & TravelllnB Expenses DepreclJtlon . Vehldes Depreclatlon- Flxtures & Flttin8S InsuTrnce Advertising and MarketSn8 Prlntln& Postage and StatSonery Rent and Rates Repalrs and Renewa Bank Char8es Computer Costs Professlonal Fees 1,260 1,950 1,260 1,950 3.304 450 635 1,138 345 1,227 2.603 19 10,461 37 341 341 2,489 559 1.887 3,666 2,489 559 1.887 3.666 11,367 2.240 330 702 1,262 25A73 1,561 12,928 2.240 330 702 1,262 30,082 156 23.175 Yur Ended 31.03.22 Year Ended 31.03.21 11 fjOVERNA14CE COSt5 Fees pald lo IndeperKlent Examlner 1,950 1,950 1,800 Vnrestrf￿ Re5trlcted Year Ended 31.03.2Z Year End•d IIAH.21 12 DONATIONS Other Donations frorn the Publk Other t)onatlons from the Tnthes 127,445 23.895 151,340 127,445 28.145 155,590 86,719 17,830 104.549 4,250 4,250 JEf51NGH TRUST NOTES TO THE ACCOUNT5 FOR THE YEAR ENDED 31 MARCH 2022 Year Ended 31.03.ZZ Year Ended 31.0321 13 FUNDING FOR TRU5fs CHARITABLE AcfMTIES Non￿O¥ernment Grants Grants in Ilne with the Trust's Objectives Olher Government Grants Local Airthority Grants COVI0-19 Addltlonal Fundin8 Coronavirus Job Retention Scheme Grdnt 5,021 5,021 56,038 8,OtM) 29.669 20 13.LS11 20 13.041 2,933 88,640 14 TRusfEES REMUNERATION & EXPENSES No remuneration or expenses were paid to tn15tees during the year. 15 RELATED PARTY TRANSAcnoN5 Davinder Chatha Is a trustee of Jet Sin8h Trust. Dvrin8 the year. Davinder Chaiha, members of the Chatha Famllv, and other trustees, made personal donations to Jet Sin8h Trust totslling £23,89512021: £17,830} to tover management ènd adminirtratlve cos15 of runnln8 the chaflty.