INTERNATIONAL BHAT SIKH COUNCIL 65 MANDALE ROAD ACKLAM MIDDLESBROUGH TS5 8AE CHARITY REGISTRATION NUMBER 1190015 STATEMENT OF ACCOUNTS AS AT 31 MARCH 2023 CHUHAN & SINGH CHARTERED ACCOUNTANTS 81 BOROUGH ROAD MIDDLESBROUGH T51 3AA Intemational Bhat Sikh Council Tnjstees, Annual Report Period ended 31 March 2023 The trustees present th8ir report and the unaLsdlted f inancial st8tements of the charity for the period ended 31 March 2023. Reference and administrative details Registered charty name Intern8tional 8hat Sikh Council Charity registration number 1190015 65 M8ndale Road Acklam Middlesbrough TS5 8AE Principal office Th8 trustees MrASingh MrDSBhakar Mrjsingh Berclays Bank PLC 167 Linthorp8 Road Middlesbrough TSI 4AH Bankers Accountants Chuhan &Singh Partnership Limited Chartered accountants 81 Borough Road Middlesbrough TS13AA International Bhat Sikh Council Trustees, Annual Report Icontinuedl Period end8d 31 March 2023 Structure. Eovernance and management The International Bhat Sikh Council is a constit￿ed charitable trust regist8red with the Charity Commission under charity number 1190015 and operates within the frameworkof its governing document. It is governed by a constTtution. Org8nisational Structure The charitytrustees are responsible for the general control and management of the charity. The trustees give their time freely and receive no remuneration or other financial benBfrts. The trustees meet together as a body and are responsible for all decisions taken regording the activities provided bythe charty. Recruitment 2nd appointment of trustees The existing trustees are responsible for the recruttment of new trustees but in so doing th8 trust8esseektheviews and recommendations ofthe congregation and memb8rs ofth8charity. The trustees belleve this approach ensures that good relations are fostered between th8 organisation and the people ofthe loeal cDrnmunityth8t we seNe. In Selectlng newtrustees, the existingtrustees seekto identity people who regulaTly attend events and functions organised by the charity'and a.re willing to volunteer to help in broader community work Pot8ntia'L trustees are invited to attend trustees. meetings as observ8rs and are given more details of the charlty's aims and activities. With the agreement ot 8XiStingtrustees the individual is thBn proposed as a new trustee at the subsequent trustees, meetlng. This process allows for due consideration of the person's oligibility. personal competence, speciali8t knowledge and skills. Induction and training of trustees Following appointment, new trustees are introduced to their new role and given copies of the charty's constitution and a gLJide to the policies and procedures adopted by the charity. A number of publications from the Charity Commission are also provided including guidance on charities and public benefit and on the advancement of religion for public benefit. Thi8 ensures that n8W trustees are aware of the scope of their responsibililies under the Charities Act. Initially, newtrustees work with an existingtrustee assisting on particular activities and projects run bythe charity. Arter satisfactoryfeedbackfrorn 8xistingtrustees. they arethen given thetssk of leading a particular 8Ctivity or project and reporting the progress at a trustses, rne8ting. Risk management The trustees have assessed the risks the charity faces and have drawn up a risk assessment which identifies the major risks by area ol actwity, nature of those risks. the likelihood of the risks happening and the measures tsken to manage them. The trustees rewew these risk assessments regularly at their meetings and at meetings of tho sub-committee8 on finance. buildings and day care centre. The trustees are satisfied that systems are in place. or International Bhat Sikh Council arrangements in harÈd, to m8n8ge the risks that have been identtfied. In particular, Insurance cover is in p18ce and the finances of the organisation are k8Pt under the review. Use of volunteers Volunteers are an important resource in both ourfatth and communrywork. Volunteers are involved in all of ourfafth and communty activlties. and we have people givingthelr tlme on a regular basis. Objectives and 8Ctivlti8S Aim8: To advance the Sikh religion. To develop an encyclopaedi8 on the history of the Bhat Sikh religion. TD provid9 tslean drinking water to deprived communities In Indla. To provide financial support for the educatlon of ptsorer people in the UK and India. To provideflnanclal and emotion81 support forwidows and bereaved families in UK and India. The objectives are settD r8f18Ct our faith and comrnunity aims. Each yearthe trustees reviewthe objectives and activities to ensure th8y contlnue to reflect the aim8. In carrying OLrt this review the trustees have consldered the Charty Commission's general guidance on public benefit and in particular its supplementary public guidance on the advancement of religlon forthe public benefit. Achievements 8nd pertonyjance The charity carries out a wide range of actniities reugious and non-religious that deliver public benef(t in pursuance of its ¢h8ritable aims. Thetrustees considerthatthese activities, previously mentioned, are in accordance with {he Charity Commission'g guidance and provide benefit to thewider communityofthe UK8nd India. Financial review The Trust88s are satisfied with the financial position of the charity and there are no concerns reg8rding the charity's abilityto continue in the futurg. It is the policy of the charity to maintsin unrestrlcted funds that are sufficient to cover management. administration and runnlng costs ot the charityfor a period oftwelve months. The deficit of unrestricted income over expenditureforthe yearwas £505. The total unrestricted rescNes 2t'31st March 2023 were in deficit by £2.654. The reseNes are well wthin the ch8ritys target reseNes. International Bhat Sikh Council Trustees, Annual Report Icontinuedl Period ended 31 March 2023 Princlpal fundlng sources The principal source ot funding is through donations. The trustees consider the results of th8 chartyto be satisfactory. Plens for future periods The trustees intend to maintain and expand the charitys activities in th8future. 21 The trustees, annual report was approved on ... . of trustees by: signed on behalf ofthe board fj$* MrD S Bhakar Trustee International Bhat Sikh Council BALANCE SHEEr ASAT31 March 2023 2023 2022 FIXED ASSErs CURRENT ASs￿s 78 283 LESS: CURRENT LIABILITIES 2 NETCURkENT ASSETS REPRESENTED BY:_ ACCUMULATED FUND l agree these accounts and confirm that I have made available all relevant records and information for th8ir preparation. Date: 21 102S Mr D S Bhakar Trustee International Bhat Sikh Council NOTES TO THE ACCOUNTS FOR THEYEAR ENDED 31 MARCH 2023 CURRENT ASs￿s 2023 2022 Bank end Cash CURRENT LIABILITIES 2023 2022 Accruals ACCUMULATED FUND Balance Blf Add: SurplusllDeficitl of for the year Balance Clf 12,1491 {2.4321 International Bhat Sikh Council INCOMEAND EXPENDrruREAccouTrrr FOR THE YEAR ENDED 31 MARCH 2023 2023 2022 INCOME Donations 2.124 2.188 EXPENDITURE T81ephone & Internet Orheroffice costs Legal Fees Support Services Accountancy BankCharEe$ 180 414 1838 2.328 300 2,328 300 SURPLUSI{DEFICIT) OF INCOME OVER EXPENDITURE I