Company registration number: CE017732 Charity registration number: 1183752
## Sikh Your Mind
A charitable incorporated organisation Annual Report and Financial Statements for the Year Ended 31 January 2021
## **Sikh Your Mind**
## **Contents**
|Reference and Administrative Details|1|
|---|---|
|Trustees' Report|2|
|Statement of Trustees' Responsibilities|3|
|Independent Examiner's Report|4|
|Statement of Financial Activities|5|
|Balance Sheet|6|
|Notes to the Financial Statements|7 to 13|
## **Sikh Your Mind**
## **Reference and Administrative Details**
**Chairman** Dr G Kaur **Trustees** Dr S K Bilkhu Dr S K Bhogal **Principal Office** 165 New Birmingham Road Oldbury B69 2JT **Company Registration Number** CE017732 **Charity Registration Number** 1183752 **Independent Examiner** Ballards LLP Oakmoore Court 11c Kingswood Road Hampton Lovett Droitwich Worcestershire WR9 0QH
Page 1
## **Sikh Your Mind**
## **Trustees' Report**
## **Objectives and activities**
## _**Public benefit**_
This year the Sikh Your Mind team have been involved in a number of virtual events due to the pandemic including events with other Sikh organisations as well as financial institutions and Universities across the UK. We have also been able to offer 68 individuals free short-term counselling due to funding from The National Lottery. Alongside this we continue to facilitate a fortnightly virtual women's group (in Punjabi and English) and have rolled out a one of a kind Mental Health and Sikhi course. Due to The Lottery Funding we were also able to offer a free and confidential telephone helpline and live web chat which served over 100 people.
We have also conducted research to investigate how Sikhs coped during the Covid-19 pandemic and hope to publish this soon.
The trustees confirm that they have complied with the requirements of section 4 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.
The annual report was approved by the trustees of the charity 23 Sep 2021on .................... and signed on its behalf by:
......................................... Dr G Kaur Chairman
Page 2
## **Sikh Your Mind**
## **Statement of Trustees' Responsibilities**
The law applicable to charities in England and Wales requires Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the Charity and of incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to:
- select suitable accounting policies and apply them consistently;
- observe the methods and principles in the Charities SORP;
- make judgements and estimates that are reasonable and prudent;
- state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.
The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Charities Act 2011 and the Charity (Accounts and Reports) Regulations 2008. They are also responsible for safeguarding the assets of the Charity and hence taking reasonable steps to prevent and detect fraud and other irregularities. The Trustees are responsible for the maintenance and integrity of the Charity and the financial information included on the Charity’s website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements maydiffer from legislation in other jurisdictions.
23 Sep 2021 Approved by the trustees of the charity on .................... and signed on its behalf by:
......................................... Dr G Kaur Chairman
Page 3
## **Sikh Your Mind**
## **Independent Examiner's Report to the trustees of Sikh Your Mind**
I report on the accounts of the charity for the year ended 31 January 2021 which are set out on pages 5 to 14 .
## **Respective responsibilities of trustees and examiner**
The trustees of the CIO are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.
Having satisfied myself that the charity is not subject to audit and is eligible for independent examination, it is my responsibility to:
- examine the accounts under section 145 of the 2011 Act;
- 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
- 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 statement below.
## **Independent examiner's statement**
In connection with my examination, no matter has come to my attention:
- (1) which gives me reasonable cause to believe that in any material respect the requirements:
- to keep accounting records in accordance with section 130 of the Charities Act 2011; and
- to prepare accounts which accord with the accounting records, comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities
have not been met; or
- (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
......................................
Ben Powell MSci ACA Ballards LLP
Oakmoore Court 11c Kingswood Road Hampton Lovett Droitwich Worcestershire WR9 0QH
Date:.............................23/09/2021
Page 4
## **Sikh Your Mind**
## **Statement of Financial Activities for the Year Ended 31 January 2021 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses)**
|**Note**
**Income and Endowments from:**
Donations and legacies
3
Other trading activities
4
Total Income
**Expenditure on:**
Charitable activities
5
Other expenditure
6
Total Expenditure
Net income
Net movement in funds
**Reconciliation of funds**
Total funds brought forward
Total funds carried forward
13
**Note**
**Income and Endowments from:**
Donations and legacies
3
Total Income
**Expenditure on:**
Charitable activities
5
Other expenditure
6
Total Expenditure
Net income
**Reconciliation of funds**
Total funds carried forward
13|**Unrestricted**
**funds**
**£**
4,338
-
4,338
(419)
(23)
(442)
3,896
3,896
3,359
7,255
**Unrestricted**
**funds**
**£**
4,665
4,665
(1,283)
(23)
(1,306)
3,359
3,359|**Restricted**
**funds**
**£**
-
42,540
42,540
(18,778)
-
(18,778)
23,762
23,762
-
23,762
**Restricted**
**funds**
**£**
-
-
-
-
-
-
-|**Total**
**31 January**
**2021**
**£**
4,338
42,540|
|---|---|---|---|
||||46,878|
||||(19,197)
(23)|
||||(19,220)|
||||27,658|
||||27,658
3,359|
||||31,017|
||||**Total**
**31 January**
**2020**
**£**
4,665|
||||4,665|
||||(1,283)
(23)|
||||(1,306)|
||||3,359|
||||3,359|
All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for 2020 is shown in note 13.
Page 5
## **Sikh Your Mind**
## **(Registration number: CE017732) Balance Sheet as at 31 January 2021**
|**Note**
**Fixed assets**
Tangible assets
11
**Current assets**
Cash at bank and in hand
**Creditors: Amounts falling due within one year**
12
**Net current assets**
**Net assets**
**Funds of the charity:**
**Restricted funds**
**Unrestricted income funds**
Unrestricted funds
**Total funds**
13|**31 January**
**2021**
**£**
23
31,798
(804)
30,994
31,017
23,762
7,255
31,017|**31 January**
**2020**
**£**
47
4,092
(780)|
|---|---|---|
|||3,312|
|||3,359|
|||-
3,359|
|||3,359|
The financial statements on pages 5 to 14 were approved by the trustees, and authorised for issue on 23 Sep 2021 .................... and signed on their behalf by:
......................................... Dr G Kaur Chairman
Page 6
## **Sikh Your Mind**
## **Notes to the Financial Statements for the Year Ended 31 January 2021**
## **1 Charity status**
The charity is a charitable incorporated organisation and consequently does not have share capital.
## **2 Accounting policies**
## **Summary of significant accounting policies and key accounting estimates**
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
## **Statement of compliance**
The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice 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 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
## **Basis of preparation**
Sikh Your Mind meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.
## **Going concern**
The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern nor any significant areas of uncertainty that affect the carrying value of assets held by the charity.
## **Exemption from preparing a cash flow statement**
The charity is exempt from preparing a cash flow statement.
## **Income and endowments**
All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of the income receivable can be measured reliably.
## _**Donations and legacies**_
Donations are recognised when the charity has been notified in writing of both the amount and settlement date. In the event that a donation is subject to conditions that require a level of performance by the charity before the charity is entitled to the funds, the income is deferred and not recognised until either those conditions are fully met, or the fulfilment of those conditions is wholly within the control of the charity and it is probable that these conditions will be fulfilled in the reporting period.
Page 7
## **Sikh Your Mind**
## **Notes to the Financial Statements for the Year Ended 31 January 2021**
## _**Grants receivable**_
Grants are recognised when the charity has an entitlement to the funds and any conditions linked to the grants have been met. Where performance conditions are attached to the grant and are yet to be met, the income is recognised as a liability and included on the balance sheet as deferred income to be released.
## **Expenditure**
All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. Other support costs are allocated based on the spread of staff costs.
## _**Charitable activities**_
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
## **Governance costs**
These include the costs attributable to the charity’s compliance with constitutional and statutory requirements, including audit, strategic management and trustees’s meetings and reimbursed expenses.
## **Taxation**
The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.
## **Tangible fixed assets**
Individual fixed assets are initially recorded at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Page 8
## **Sikh Your Mind**
## **Notes to the Financial Statements for the Year Ended 31 January 2021**
## **Depreciation and amortisation**
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
## **Asset class**
Office equipment
**Depreciation method and rate** 33% straight line
## **Cash and cash equivalents**
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
## **Fund structure**
Unrestricted income funds are general funds that are available for use at the trustees's discretion in furtherance of the objectives of the charity.
Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose.
## **3 Income from donations and legacies**
## **Unrestricted funds**
|Donations and legacies;
Donations from individuals
Grants, including capital grants;
Grants from other charities|**General**
**£**
3,338
1,000
4,338|**Total**
**31 January**
**2021**
**£**
3,338
1,000
4,338|**Total**
**6 June 2019**
**to 31**
**January**
**2020**
**£**
2,665
2,000|
|---|---|---|---|
||||4,665|
## **4 Income from other trading activities**
|Lottery funding|**Restricted**
**funds**
**£**
42,540
42,540|**Total**
**31 January**
**2021**
**£**
42,540|
|---|---|---|
|||42,540|
Page 9
## **Sikh Your Mind**
## **Notes to the Financial Statements for the Year Ended 31 January 2021**
## **5 Expenditure on charitable activities**
|**Note**
Psychology services
Governance costs
7|**Unrestricted**
**funds**
**General**
**£**
275
144
419|**Restricted**
**funds**
**£**
17,323
1,455
18,778|**Total**
**31 January**
**2021**
**£**
17,598
1,599
19,197|**Total**
**6 June 2019**
**to 31**
**January**
**2020**
**£**
360
923|
|---|---|---|---|---|
|||||1,283|
£419 (2020 - £1,283) of the above expenditure was attributable to unrestricted funds and £18,778 (2020 - £NIL) to restricted funds.
## **6 Other expenditure**
## **Unrestricted funds**
|**Note**
Depreciation, amortisation and other similar
costs|**General**
**£**
23
23|**Total**
**31 January**
**2021**
**£**
23
23|**Total**
**6 June 2019**
**to 31**
**January**
**2020**
**£**
23|
|---|---|---|---|
||||23|
Page 10
## **Sikh Your Mind**
## **Notes to the Financial Statements for the Year Ended 31 January 2021**
## **7 Analysis of governance and support costs**
## **Governance costs**
## **Unrestricted funds**
|Audit fees
Accountancy fees
Accountancy fees
Legal fees
Other governance costs|**General**
**£**
-
-
-
144
144|**Restricted**
**funds**
**£**
-
804
458
193
1,455|**Total**
**31 January**
**2021**
**£**
-
804
458
337
1,599|**Total**
**6 June 2019**
**to 31**
**January**
**2020**
**£**
780
-
-
143|
|---|---|---|---|---|
|||||923|
## **8 Trustees remuneration and expenses**
No trustees, nor any persons connected with them, have received any remuneration from the charity during the year.
No trustees have received any reimbursed expenses from the charity during the year.
## **9 Auditors' remuneration**
||||**6 June 2019**|
|---|---|---|---|
|||**Year ended**|**to 31**|
|||**31 January**|**January**|
|||**2021**|**2020**|
|||**£**|**£**|
|Audit|of the financial statements|804|780|
## **10 Taxation**
The charity is a registered charity and is therefore exempt from taxation.
Page 11
## **Sikh Your Mind**
## **Notes to the Financial Statements for the Year Ended 31 January 2021**
## **11 Tangible fixed assets**
|**Cost**
At 1 February 2020
At 31 January 2021
**Depreciation**
At 1 February 2020
Charge for the year
At 31 January 2021
**Net book value**
At 31 January 2021
At 31 January 2020
**12 Creditors: amounts falling due within one year**
Accruals
**13 Funds**
**Balance at 1**
**February**
**2020**
**£**
**Unrestricted funds**
**_General_**
Unrestricted funds
3,359
**Restricted funds**
Restricted funds
-
**Total funds**
3,359|**Incoming**
**resources**
**£**
4,338
42,540
46,878|**Furniture**
**and**
**equipment**
**£**
70
70
23
24
47
23
47
**31 January**
**2021**
**£**
804
**Resources**
**expended**
**£**
(442)
(18,778)
(19,220)|**Furniture**
**and**
**equipment**
**£**
70||**Total**
**£**
70
70
23
24
47
23
47
**31 January**
**2020**
**£**
780|
|---|---|---|---|---|---|
||||70|||
||||23
24|||
||||47|||
||||23|||
||||47|||
||||||**Balance at**
**31 January**
**2021**
**£**
7,255
23,762|
||||||31,017|
Page 12
## **Sikh Your Mind**
## **Notes to the Financial Statements for the Year Ended 31 January 2021**
|**Unrestricted funds**
**_General_**
Unrestricted funds|**Incoming**
**resources**
**£**
4,665|**Resources**
**expended**
**£**
(1,306)|**Balance at**
**31 January**
**2020**
**£**
3,359|
|---|---|---|---|
## **14 Analysis of net assets between funds**
|**14 Analysis of net assets between funds**||||
|---|---|---|---|
|Tangible fixed assets
Current assets
Current liabilities
Total net assets
**15 Analysis of net funds**
Cash at bank and in hand
Net debt|**Unrestricted**
**funds**
**General**
**£**
23
8,012
(804)
7,231
**At 1 February**
**2020**
**£**
4,092
4,092|**Restricted**
**funds**
**£**
**Total funds**
**£**
-
23
23,786
31,798
-
(804)
23,786
31,017
**Cash flow**
**£**
**At 31 January**
**2021**
**£**
27,706
31,798
27,706
31,798|**Total funds**
**£**
23
31,798
(804)|
||||31,017|
||||31,798|
## **16 Related party transactions**
There were no related party transactions in the year.
Page 13
## **Sikh Your Mind**
## **Detailed Statement of Financial Activities for the year ended 31 January 2021**
|**Income and Endowments from:**
Appeals and donations
Grants - other agencies
Lottery funding
Total Income
**Expenditure on:**
Psychology Services
Counselling/helpline payments
Sundry expenses
Accountancy fees
Legal and professional fees
Telephone and fax
Telephone and fax
Depreciation of office equipment
Total Expenditure
Net income
Net movement in funds
**Reconciliation of funds**
Total funds brought forward
Total funds carried forward|**Unrestricted**
**funds**
**£**
3,338
1,000
-
4,338
275
-
90
-
-
54
-
23
442
3,896
3,896
3,359
7,255|**Restricted**
**funds**
**£**
-
-
42,540
42,540
-
17,323
-
804
458
-
193
-
18,778
23,762
23,762
-
23,762|**Total**
**31 January**
**2021**
**£**
3,338
1,000
42,540|
|---|---|---|---|
||||46,878|
||||275
17,323
90
804
458
54
193
23|
||||19,220|
||||27,658|
||||27,658
3,359|
||||31,017|
Page 14