INTERNATIONAL BHATSIKH COUNCIL 65 MANDALE ROAD ACKLAM MIDDLESBROUGH TSS 8AE CHARITY REGISTRATION NUMBER 1190015 STATEMENT OF ACCOUNTS AS AT 31 MARCH 2024 CHUHAN &SINGH CHARTERED ACCOUNTANTS 81 BOROUGH ROAD MIDDLESBROUGH TS13AA International Bhat Sikh Council Trustees, Annual Report Period ended 31 March 2024 The trustees present their report and the unaudited financial statements of the charity for the period ended 31 March 2024. Reference and administrative details Registered charity name Internation81 Bhat Sikh Council Charity registration number 1190015 65 Mantlale Road Acklam Middlesbrough TS5 8AE Princip21 office The trustees MrASingh Mr D S Bhakar Mr J Singh Barclays Bank PLC 167 Linthorpe Road Middlesbrough TS1 4AH Bankers Accountants Chuhan & Singh Partnership Limited Chartered accountants 81 Borough Road Middlesbrough TS1 3AA International Bhat Sikh Council Trustees, Annual Report Icontinuedl Period ended 31 March 2024 StructL¢re, governance and management The International Bhat Sikh Council 18 a constituted charitable trust registered with the Charity Commission under charity number 1190015 and operates within the framework of its governing document. It is governed by a constitution. Organisation81 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 benefits. The trustees meet together as a body and are responsible for 811 decisions taken regarding the activities provided by the charity. Recruitment and appointment of trustees The existing trustees are responsible for the recruitment of new trustees but in so doing tho trustees seekthe views and recommendations of the congregation and members of the charity- The trustees believe this approach ensures that good relations are fostered between the organisation and the people of the local community that we serve. In selecting new trustee8. the existingtTUStees seek to identify people who regularly attend events 2nd functions organised by the charity and are willing to volunteer to help in broader community work. Potential trustees are invited to attend trustees. meetings as observers and are given more details of the charity's aims and activities. With the agreement of existing trustees the individual is then proposed 8$ a new trustee at the subsequent trustees, meeting. This process allows for due consideration of the person's eligibility. personal competence, specialist knowledge and skills. Induction and training of trustees Following appointment, new trustees are introduced to their new role and given copies of the charity's constitution and a guide to the policies and procedures adopted by the charity. A number of publications from the Charity Commission 8re also provided including guidance on charities and public benefit and on the advancement of religion for public benefit. This ensures that new trustees are 8ware of the scope of their responsibilities under the Charities Act. Initially, new trustees work with an existing trustee assisting on particular activities and projects run bythe charity- After satisfactoryfeedbackfrom existingtrustees, they are then given the task of leading a particular activity or project and reportingthe progress at 2 trustees, meeting. Risk management The trustees have assessed the risks the ch8rity faces and have drawn up a risk assessment which identifies the major risks by area of activity, nature of those risks, the likelihood of the risks happening and the measures taken to manage them. The trustees review these risk assessments regularly 2t their meetings and at meetings of the sub-committees on finance, buildings and day care centre. The trustees are satisfied that systems are in place, or International Bhat Sikh Council arrangements in hand. to manage the risks that have been identified. In particular, Insursnce cover 18 in p18ce and the finances of the organisatlDn 8re kept under the review. Use of volunteers Volunteers are 8n important resource in both ourfaith and communitywork. Volunteers are involved in all of our falth and communty activities, 8nd we have people giving their time on a regular b8SiS. Objectives and activities Alms: To advance the Sikh religion. To develop an encyclopaedia on the history of the Bhat Sikh religion. To provide clean drinking water to deprived communitieg in Indla. To provide fin8ncial Support tor the 6dueatlon of poorer people in the UK and India. To provlde fln8neial8nd emotion8lsupportforwidows and bereaved families in UK and India. The objectiv8s are setto reflect our faith and comrnunity aims. Each year the trustees revi8W the objectives and 8Ctivities to ensure they continue to reflect the aims. In carrylng out this review thetrustees haveconsidered the Ch8rtyCommission's generalguidance on public beneff( and in particular its supplementary public guidance on the advancement of religion for the public beneftt. Achlevements and performance The charity carries Dut 8 wide range of activities religious and non-r81igious that deliver public benefit in pursu8nce of its charitable aims. Thetru*ees considerthatthese activities. previously mentioned, are in 8ccordance with Ihe Charity Commission's gLJidance and provide benefit to thewider communfty ofthe UKand India. Fin8noi81 review The Trustees are satisfied with the financial position of the charity and there 8re no concerns regarding the chariys ability to continue in the fLrture. It IS the policy of the ch8rty to malntain unrestricted funds that are sufficient to cover management. administr8tion and running costs ofthe charityfor a period ofrwelve months. The defictt of unrestricted income over expenditure fortheyearwas £261. Thetotal unre*ricted reseNes at 31 st March 2024 were in deficit by £2,915. The reseNes are well within the charity's target reserves. Intemational Bhat Sikh Council Trust88s' Annual R8PQrt {continued) Period ended 31 M8rch 2024 Principalfunding sources The princip81 source of funding Is through (Jonations. The trust888 consider the results of the charityto be satisfactory. Plans for future periods Thetrustees intend to malntain and expand the charity's actiwties in th8 future. of trustees by: ps/ MrDS Bhak8r Trustee Intemational Bhat Sikh Council BALANCESHEEr AS AT 31 March 2024 2024 2023 FIXED ASs￿s CURRENT ASSErs 17 78 LESS: CURRENT LIABILITIES 2 CURRENT AssErs REPRESENTED BY-. ACCUMULATED FUND agree these accounts and confimi that I have m8de available all relevant records and Information for their preparation. Date: 21 2014 Mr DS Bhakar Trustee Intemational Bhat Sikh Council NOTES TO THEACCOUNTS .FOR THE YEAR ENDED 31 MARCH 2024 CURRENT ASSErs 2024 2023 Bank and Cash CURRENT LIABILITIES 2024 2023 Accruals ACCUMULATED FUND Ba18nce B/f Add- SurplusllDefictt) of for the year Balanc8 Clf {2,6541 12.149} International Bhat Sikh Council INCOMEAND EXPENDITUREACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 2024 2023 INCOME Donations 1.644 2.124 EXPENDrruRE Supportsetvices Accountancy 8ank Charges 1705 200 2.328 300 SURPLUSI(DEFIClf) OF INCOME OVER EXPENDITURE (2fiJ