REGISTERED COMPANY NUMBER: CE018678 (England and Wales) REGISTERED CHARITY NUMBER: 1185103
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 5 April 2022
for
SHAHEEDI BUNGA
K G Solanki & Co. Hamilton House 315 St Saviours Road Leicester Leicestershire LE5 4HG
SHAHEEDI BUNGA
Report of the Trustees FOR THE YEAR ENDED 5 APRIL 2022
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 5 April 2022. The trustees have adopted the provisions of 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 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The object of the CIO is to advance the Sikh religion for the benefit of the public through the holding of meetings for religious observance, the provision of lectures and classes for religious education , public celebration of religious festivals and supporting related activities involving the wider community which advance Sikh religion.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
Shaheedi Bunga is governed by a Constitution registered with Charity Commission on 30 August 2019.
Recruitment and appointment of new trustees
Charity trustees are appointed at a properly convened meeting and shall hold office for a period of five years.
Charity Trustees must be baptised (amritdhari) Sikhs and their appointment must have regard to the skills, knowledge and experience needed for the effective administration of the CIO.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
CE018678 (England and Wales)
Registered Charity number
1185103
Registered office
22 Beckett Road Leicester Leicestershire LE5 0HE
Page 1
SHAHEEDI BUNGA
Report of the Trustees FOR THE YEAR ENDED 5 APRIL 2022
Trustees
B S Varaich M Singh H Singh S Singh B Singh D S Gill B S Samra P S Garcha B S Gill N Singh A Singh H Singh J S Gill
Company Secretary
Independent Examiner
K G Solanki & Co. Hamilton House 315 St Saviours Road Leicester Leicestershire LE5 4HG
Approved by order of the board of trustees on 6 April 2023 and signed on its behalf by:
B S Varaich - Trustee
Page 2
Independent Examiner's Report to the Trustees of Shaheedi Bunga
Independent examiner's report to the trustees of Shaheedi Bunga ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 5 April 2022.
Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.
Page 3
Independent Examiner's Report to the Trustees of Shaheedi Bunga
Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
-
accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act 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; or
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the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
I have no concerns and 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.
K G Solanki & Co
K G Solanki & Co. Hamilton House 315 St Saviours Road Leicester Leicestershire LE5 4HG
6 April 2023
Page 4
SHAHEEDI BUNGA
Statement of Financial Activities FOR THE YEAR ENDED 5 APRIL 2022
| 2022 Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 11,693 EXPENDITURE ON Charitable activities Donations made 4,521 Other running expenses 4,362 Other 240 Total 9,123 NET INCOME 2,570 RECONCILIATION OF FUNDS Total funds brought forward 10,984 TOTAL FUNDS CARRIED FORWARD 13,554 |
2021 Total funds £ 9,619 3,032 15 240 3,287 6,332 4,652 10,984 |
|---|---|
The notes form part of these financial statements
Page 5
SHAHEEDI BUNGA
Balance Sheet
5 APRIL 2022
| 2022 Unrestricted fund Notes £ CURRENT ASSETS Cash at bank 14,034 CREDITORS Amounts falling due within one year 4 (480) NET CURRENT ASSETS 13,554 TOTAL ASSETS LESS CURRENT LIABILITIES 13,554 NET ASSETS 13,554 FUNDS 5 Unrestricted funds 13,554 TOTAL FUNDS 13,554 |
2021 Total funds £ 11,224 (240) 10,984 10,984 10,984 10,984 10,984 |
|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2022.
The members have not required the company to obtain an audit of its financial statements for the year ended 5 April 2022 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
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(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
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(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
The notes form part of these financial statements
continued...
Page 6
SHAHEEDI BUNGA
Balance Sheet - continued 5 APRIL 2022
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 6 April 2023 and were signed on its behalf by:
B S Varaich - Trustee
The notes form part of these financial statements
Page 7
SHAHEEDI BUNGA
Notes to the Financial Statements FOR THE YEAR ENDED 5 APRIL 2022
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
continued...
Page 8
SHAHEEDI BUNGA
Notes to the Financial Statements - continued FOR THE YEAR ENDED 5 APRIL 2022
2. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 5 April 2022 nor for the year ended 5 April 2021.
Trustees' expenses
There were no trustees' expenses paid for the year ended 5 April 2022 nor for the year ended 5 April 2021.
| 3. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES |
|---|---|---|
| Unrestricted | ||
| fund | ||
| £ | ||
| INCOME AND ENDOWMENTS FROM | ||
| Donations and legacies | 9,619 | |
| EXPENDITURE ON | ||
| Charitable activities | ||
| Donations made | 3,032 | |
| Other running expenses | 15 | |
| Other | 240 | |
| Total | 3,287 | |
| NET INCOME | 6,332 | |
| RECONCILIATION OF FUNDS | ||
| Total funds brought forward | 4,652 | |
| TOTAL FUNDS CARRIED | ||
| FORWARD | 10,984 |
continued...
Page 9
SHAHEEDI BUNGA
Notes to the Financial Statements - continued FOR THE YEAR ENDED 5 APRIL 2022
| 4. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||
|---|---|---|---|---|---|
| 2022 | 2021 | ||||
| £ | £ | ||||
| Trade creditors | 480 | 240 | |||
| 5. | MOVEMENT IN FUNDS | ||||
| Unrestricted funds | At 6/4/21 £ |
Net movement in funds £ |
At 5/4/22 £ |
||
| General fund | 10,984 | 2,570 | 13,554 | ||
| TOTAL FUNDS | 10,984 | 2,570 | 13,554 | ||
| Net movement in funds, included in the above | are as follows: | ||||
| Unrestricted funds | Incoming resources £ |
Resources expended £ |
Movement in funds £ |
||
| General fund | 11,693 | (9,123) | 2,570 | ||
| TOTAL FUNDS | 11,693 | (9,123) | 2,570 | ||
| Comparatives for movement in funds | |||||
| Unrestricted funds | At 6/4/20 £ |
Net movement in funds £ |
At 5/4/21 £ |
||
| General fund | 4,652 | 6,332 | 10,984 | ||
| TOTAL FUNDS | 4,652 | 6,332 | 10,984 | ||
continued...
Page 10
SHAHEEDI BUNGA
Notes to the Financial Statements - continued FOR THE YEAR ENDED 5 APRIL 2022
5. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | Movement | |
|---|---|---|---|---|
| resources | expended | in funds | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 9,619 | (3,287) | 6,332 | |
| TOTAL FUNDS | 9,619 | (3,287) | 6,332 |
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund TOTAL FUNDS |
Net movement At 6/4/20 in funds £ £ 4,652 8,902 4,652 8,902 |
At 5/4/22 £ 13,554 13,554 |
|---|---|---|
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds General fund TOTAL FUNDS |
Incoming Resources Movement resources expended in funds £ £ £ 21,312 (12,410) 8,902 21,312 (12,410) 8,902 |
|---|---|
continued...
Page 11
SHAHEEDI BUNGA
Notes to the Financial Statements - continued FOR THE YEAR ENDED 5 APRIL 2022
6. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 5 April 2022.
Page 12
SHAHEEDI BUNGA
Detailed Statement of Financial Activities FOR THE YEAR ENDED 5 APRIL 2022
| INCOME AND ENDOWMENTS Donations and legacies Donations Total incoming resources EXPENDITURE Charitable activities Sundries Other community expenses Grants to individuals Other Accountancy Total resources expended Net income |
2022 £ 11,693 11,693 - 4,362 4,521 8,883 240 9,123 2,570 |
2021 £ 9,619 9,619 15 - 3,032 3,047 240 3,287 6,332 |
|---|---|---|
This page does not form part of the statutory financial statements
Page 13
SHAHEEDI BUNGA
Contents of the Financial Statements FOR THE YEAR ENDED 5 APRIL 2022
| Page | |
|---|---|
| Report of the Trustees | 1 to 2 |
| Independent Examiner's Report | 3 to 4 |
| Statement of Financial Activities | 5 |
| Balance Sheet | 6 to 7 |
| Notes to the Financial Statements | 8 to 12 |
| Detailed Statement of Financial Activities | 13 |