2023-04-05-accounts - Shaheedi Bunga

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Registered company number: CE018678 Registered Charity Number: 1185103

Shaheedi Bunga

Report and Accounts

5 April 2023

Shaheedi Bunga Company Information

Trustees

Baljinder Singh Varaich Sukhdev Singh Baljinder Singh Daljinder Singh Gill Balinder Singh Samra Boota Singh Gill Jasvir Singh Gill

Independent Examiner

KRC and Associates 81 London Road Leicester LE2 0PF

Registered office

22 Beckett Road Leicester Leicestershire LE5 0HE

Company registered number

CE018678

Registered Charity number

1185103

Shaheedi Bunga Registered number:

CE018678

Report of the Trustees

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 2023. 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.

This report was approved by the board on 23 September 2024 and signed on its behalf.

Baljinder Singh Varaich Trustee

Independent Examiner's Report to the Trustees of Shaheedi Bunga

Independent examiner's report to the trustees of Shaheedi Bunga ('the Company') Shaheedi Bunga

I report to the charity trustees on my examination of the accounts of the Company for the year ended 5 April 2023.

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.

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
the accounts do not accord with those records; or
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
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.

KRC and Associates Certified Public Accountants

81 London Road Leicester LE2 0PF

23 September 2024

Shaheedi Bunga Profit and Loss Account for the year ended 5 April 2023

Income and endowments Administrative expenses Operating (deficit)/surplus (Deficit)/surplus Reconciliation of funds Total Funds Carried Forward	2023 £ 12,662 (17,265) (4,603) (4,603) 13,554 8,951	2022 £ 11,693 (9,123) 2,570 2,570 10,984 13,554

Shaheedi Bunga Registered number: CE018678 Balance Sheet as at 5 April 2023

Notes Current assets Cash at bank and in hand Creditors: amounts falling due within one year 3 Net current assets Net assets Funds Unrestricted funds Total funds	2023 £ 9,551 (600) 8,951 8,951 8,951 8,951	2022 £ 14,034 (480) 13,554 13,554 13,554 13,554

The Trusteess are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.

The members have not required the company to obtain an audit in accordance with section 476 of the Act.

The Trustees acknowledge their responsibilities for ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and

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.

Baljinder Singh Varaich Trustee

Approved by the board on 23 September 2024

Shaheedi Bunga Notes to the Accounts for the year ended 5 April 2023

1 Accounting policies

Basis of preparation

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.

Trustees' Remuneration And Benefits

There were no trustees' remuneration or other benefits for the year ended 5 April 2023 nor for the year ended 5 April 2022.

Shaheedi Bunga Notes to the Accounts for the year ended 5 April 2023

2 Trustees' Remuneration And Benefits

There were no trustees' remuneration or other benefits for the year ended 5 April 2023 nor for the year ended 5 April 2022.

Average number of persons employed by the company 3 Creditors: amounts falling due within one year Other creditors	2023 Number 0 2023 £ 600	2022 Number 0 2022 £ 480

4 Related party transactions

There were no related party transactions for the year ended 5 April 2023.

5 Other information

Shaheedi Bunga is a private company limited by shares and incorporated in England. Its registered office is:

22 Beckett Road

Leicester Leicestershire LE5 0HE

Shaheedi Bunga Detailed Statement of Financial Activities for the year ended 5 April 2023

Income and endowments Administrative expenses Operating (deficit)/surplus (Deficit)/surplus	2023 £ 12,662 (17,265) (4,603) (4,603)	2022 £ 11,693 (9,123) 2,570 2,570

Shaheedi Bunga Detailed Statement of Financial Activities for the year ended 5 April 2023

Income and endowments Donations and legacies Expenditure Charitable activities Other community expenses Grants to individuals Premises costs: Rent General administrative expenses: Stationery and printing Legal and professional costs: Accountancy fees Advertising and PR	2023 £ 12,662 4,250 7,446 11,696 3,300 3,300 1,177 1,177 630 462 1,092 17,265	2022 £ 11,693 4,362 4,521 8,883 - - - - 240 - 240 9,123