Chari Re istration No 1191157 S K COMMUNITY UNAUDITED FINANCIAL STATEMEwrs FOR THE YEAR ENDED 31ST MARCH 2024
S K COMMUNITY Contents of the Financigl Statements for the year ended 31 M#reb 2024 Page Report of the Trustees ststemeDt of Financigl A¢tivites Balallce Sheet Notes to the Financial Slatements 8-10
Po8t3 S K COMMUNrrY TRUSTEES REPORT FOR THE YEAR Ef4DED 31ST MARCH 2024 The Trustees present their report with the financial statements of the charity for the year ended 31 March 2024. The trusiees have adopted the provisons of the Statement of Recomrnended Practice {SORP) Accounting and Reporting by Charities issued in March 2005. REFERENCE AND ADMINISTRATIVE DETAII Registered Charity Number is 1191157 Re istered Office 42 Druid Road. Coventry CV2 4AT Chari Trustees Matbeiv Danfiel (Chair) Biju John Georgekutty Thomas Tijo Joseph Thomas Ch#eko STRUCTURE, GOVERNANCE, AND MANAGEMENT Governing Document The Charity is conlrolled by its governing docum¢nts. a constitution adopted on 04 September 2020. AppointtneDt of Trustees All ihe Trustees are appointed at the Annual General Body Meeting of the Charity Risk Management The Trustees have a duty to id¢ntify and review the risks to which the charity exposed and to ensure appropiate controls are in place to provide reasonable assurance against fraud and error. Current Bank Account The Charity operartes current bank account with Lloyds Bank PIC
S K COMMUNITY TRUSTEKS REPORT FOR THE YEAR ENDED 31ST MARCH 2024 OBJECTIVES Af4D AcfiviTIES Objectives And Aims The main objective of the charity is to promote Social, Cultural. Economic and Comrnunity Development in the ethinc minority community (mainly Kerdla Expatriates) and enhance integration of the community to the United Kingdom The Main actitives of the Charity are organi5ing cultura], sport and family events during the year The charity 15 wn by volunteers. without remuneration. No salary paid to the trustees during the year FINANCIAL REVIEW Reserves Policy The Charity reserves are held to fund its Cuent and future activities. The retained surplus of the charity as of 31 March 2024 WLS £1,543.86 ( £973.24 on 31 March 2023) Fund8 in deficit There is no funds in deficit Principal Fundillg Sources The Charity principal sources of funds are income from subcription, sponsorship for the evenw raffle contribution from the members for the events, Charity Donation Appeals Programmes during the Year Cultural Event (Onam Festiva]) organised by the charity in Coventry on Sep 2023 to raise funds. Charity help to runs the traditional indian drum and dance classes on weekly basis Charity help to runs the once in a month teal coffee service in sacred heart church hall Charirty actively involved in the mutli ¢ultural evenl organised by sacred heart Chureh in June 2023
S K COML¥IUNITY TRUSTEES REPORT FOR THE YEAR ENDED 31ST MARCH 2024 Trustees, responsibilities for tbe financial ststements The Trustees are required to prepare financial statements for ¢ach finan¢ial y¢ar which giv¢ & true and fair view of the stai¢ of affairs of the Charity and of the income and expenditure for that period. In preparing those financial statements the Tnle¢S are required to: s¢l¢ct suitable accounting policies and then apply them consistently. observe the methods and principles in the applicable Charities SORP. make judgements and estitnates that are reasonable and prudent. state whether appli¢able accounting slalldards and statements of recommended praetice have been followed. and prepare the accounts on the going concern basis unless it is inappropriate lo presume that the Charity will continue ils operations. The Trustees are responsible for keeping proper a¢¢ounting records which disclose with reasonable accuraey at any time the finan¢ial position of the Trust and to enable them to ensure that the accounts comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations and the provisions of th¢ Irusl de¢( They are also responsible for safegUdIng the assets of the Trust and hence for taking reasonable steps for the prevention and det¢¢tion of fraud and other irregularities. ON BEHALF OF THE TRUSTEES AND CHARITY Tijo Joseph Trustee 24 September 2024 Biju John Trustee 24 September 2024
Pa8e6 S K COMMUNITY STATEMENT OF FINANCIAL ACTIVITES FOR THE YEAR Ef4DED 31 MARCH 2024 2024 Total Funds 2023 Total Funds Unrestricted Res¢ri¢tsd Funds Funds Notes INCOMING RESOURCES Incoming resources from generated funds Stewardship Income Sponsorship Income Events Income Gift Aid Income Aid Appeal Income Other Income 10,663 10,663 1,670 441 935 li Total Incoming Re50urcey 10,663 10,663 3,046 RESOURCES EXPENDED Cost of generating funds Cost and expenses of generating income and governing costs Aid Appeal Contributions Other ResoUe$ expanded 10,092 10.092 1,668 940 Total Resources Expanded 10,092 10,092 2,608 NET INCOMING RESOURCES BEFORE TRANSFERS 571 571 438 Gross Iransfers behveen funds Net incoming l (outgoing) resources 571 571 438 RECONCILIATION OF FUNDS Total funds brought fon4Tard 973 973 535 TOTAL FUNDS CARRIED FORWARD 1,544 1,544 973
S K commuNy BALANCE SHEET AS AT 31 MARCH 2024 2024 Total Funds 2023 Total Funds Unrestricted Restricted Funds FuDd5 Notes FIXED ASSETS Tangible Assets CURRENT ASSETS Debtor5 Cash in Hand Cash at bank- Current Account Cash at bank- Reserve Ac¢ounl 1,544 ,544 973 1,544 1,544 973 CREDITORS: Atnoumts falling due within one yvar NET CURREIYT ASSESTS 1,544 1,544 973 TOTAL ASSETS LESS CURRENT LIABILITIES 1,544 1,544 973 NET ASSETS 1,544 1,544 973 FUNDS Unrestricted Funds Desiganted Fund(Fixed Asset Reserve) Restricted Funds 1,544 1,544 973 TOTAL FUNDS 1,544 1,544 973 The financial st tem t were approved by Trustees on 24 SepteTnber 2024 and were signed on ils b alfb MatbeTrv Dolliel Trustee and Chgirman Ceorgekutty Tbomas Trustee Tbo ha¢ko stee ttnd Treasurer
S K COMMUNrrY NOTES TO THE FINANCIAL STATEMENrs FOR THE YEAR ENDED 31ST MARCH 2024 Accoanting Policies Basis of aeeounting The financial statements have been prepared under the historical a¢counting rules and in accordance with the Financial Reporting Standard for Srnaller Entities (effe¢liv¢ April 2008) the Charties Act 201 l and the requirements of the Satam¢nl of Recommended Practic¢, Aceounting and Reporting by Charities Depreciation Depreciation of fixed assets is calculated lo write off their cost or valuation less any residual value over their estimated useful lives as follows, Tangible Assets Computer Equipsnents 20% straight line b8SiS straight line basis Taxation The Charity is exempt from lax on its charitsble activities Intoming Resources All incoming resources are included on th¢ statement of Financial Activities when the charity is legally entitled lo the income and the amount can be quanitfied with reasonable accuracy. Resources Expanded Expenditure is accounted for on an ac¢urals basis and has been classified under headings that aggregate all cost relat lo the category, where costs cannot be directlry attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. Fund Accounting Unrestricted funds can be used in accordance with the chartiable objectives al th¢ discretion of the trustees Restricted funds can only be used for particular reslrieted purposes within the objecls of the charity Restrictions arise when specified by the donor or when funds are raised or surplus retain for particluar reslrieted purposes 8nd further approval of the Board IAGM
Pw9 S K COMMUNITY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024 Trustees Remuneration and Benefits There were no trustees remuneralion or other benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023. Trustees Expenses There were no trustees expenses paid for the year ended 31 March 2024 nor for the year ¢nded 31 March 2023. Events Income 2024 2023 Event l - Cultural Event Event 2- Family Events Event 3 - Drum Class Event 4- Mutlicultural 9.173 180 945 365 800 660 210 Events Eipense Event l - Cultural Event Event 2 - Family Events Event 3- Drum Class Event 4- Mutlicultural 8,862 180 855 195 787 660 221 Debtors Other Debtors Other Receivables Creditors.. Amounts fg11ing due wlthin one year Other Creditors Other Payables
S K COMIVIUNITY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST LIIARCH 2024 io Movement of Funds Net Movement in Funds Transfer Between As At Funds 31 Mar24 Ason 01 Apr23 Unrestricted Funds- GeDeTal 973 571 1.544 Restricted Funds- Cbarity Unrestricted Funds- Designated TotAI Fllnds 973 571 1,544 li Ald Appeal Fllnds 2024 2023 Fund I Coyid Fund 2-Cancer Appeal I Fund 3 - Cancer Appeal 2 645 290 935 12 Aid Appeal Contributions Fund l - Covid Fund 2 -cancer Appeal I Fund 3 - Cancer Appeal 2 650 290 940