2022-07-31-accounts - Patishahi 6 CIO

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REGISTERED COMPANY NUMBER: CE026195 (England and Wales) REGISTERED CHARITY NUMBER:

REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE PERIOD 7 JULY 2021 TO 31 JULY 2022 FOR

PATISHAHI 6 CIO

Four Oaks Taxation & Accounting Services Limited Suite D, Astor House 282 Lichfield Road Four Oaks Sutton Coldfield West Midlands B74 2UG

PATISHAHI 6 CIO

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE PERIOD 7 JULY 2021 TO 31 JULY 2022

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Report of the Trustees 1 to 2
Independent Examiner's Report 3
Statement of Financial Activities 4
Balance Sheet 5
Notes to the Financial Statements 6 to 7
Detailed Statement of Financial Activities 8
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PATISHAHI 6 CIO

REPORT OF THE TRUSTEES FOR THE PERIOD 7 JULY 2021 TO 31 JULY 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 period 7 July 2021 to 31 July 2022. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) 'Accounting and Reporting by Charities' issued in March 2005.

INCORPORATION

The charitable company was incorporated on 7 July 2021.

REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number

CE026195 (England and Wales)

Registered Charity number

Registered office

158 Chester Road Birmingham B73 6SJ

Trustees

P S Salarna - appointed 7.7.2021 I S Judge - appointed 7.7.2021 L Singh - appointed 7.7.2021

Company Secretary

Independent examiner

Four Oaks Taxation & Accounting Services Limited Suite D, Astor House 282 Lichfield Road Four Oaks Sutton Coldfield West Midlands B74 2UG

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.

The trustees meet every month to discuss the operations, goals and objectives of the charity amongst any other relevant business. It discusses the finances and scrutinises the performance of the charity. Meetings with other members of the public and volunteers happen outside this meeting.

The trustees recruited are still the same trustees as interception. Only when a trustee resigns or is removed will another trustee be put in their place. If the charity governance requires further trustees it will recruit fairly, publicly and upon their merit. The current trustees and in default, reliable supporters of the charity will conduct the impartial recruitment.

Risk management

The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.

Page 1

PATISHAHI 6 CIO

REPORT OF THE TRUSTEES FOR THE PERIOD 7 JULY 2021 TO 31 JULY 2022

OBJECTIVES AND ACTIVITIES

Objectives and aims

Facilitate x3 in-person classes in the local community for free.
Find a location for the in-person classes that would solely be used by the charity users with the intention to advance classes.
Develop the administration of the in-person classes by recruiting voluntary supervisors and provide said volunteers with appropriate training.
Continue online fundraising for the Virtual Learning Academy (VLE) and its associated courses and resources.
Complete the Sandhi basics course (online course)
Endeavour to start tuition as a social enterprise for the sustainability of free classes (in person and virtual)

ACHIEVEMENT AND PERFORMANCE Charitable activities

X3 classes facilitated:

o Monday classical music classes where 25 weekly students attend for free. Instruments are also provided for those who cannot afford them. Students have progressed to learn multitude of classical compositions

o Wednesday language classes where 25 weekly students attend for free. All resources are provided for and students have progressed from no knowledge to reading small scriptures.

o Friday martial art classes where 50 weekly students attend for free. All equipment is provided for free and students have continued to progress through to the different weapons. Students have also performed in multiple events, demonstrating the art and providing understanding of its history.

X4 Supervisors recruited who are committed to the facilitation of the above classes and administration of the student details
Variety of different seminars have been delivered across the UK so to advance the sikh religion and faith as per the overriding objectives of the Charity.

Approved by order of the board of trustees on 8 March 2023 and signed on its behalf by:

L Singh - Trustee

Page 2

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF PATISHAHI 6 CIO

I report on the accounts of the company for the period 7 July 2021 to 31 July 2022, which are set out on pages four to seven.

Responsibilities and basis of report

As the charity's trustees (and also the 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.

Having satisfied myself that the charity is not subject to audit under company law and is eligible for independant examination, I have examined your charity's accounts as required under section 145 of the Charities Act 2011 ('the 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.

My role is to state whether any material matters have come to my attention giving me cause to believe:

that accounting records were not kept as required by section 386 of the Companies Act 2006; or
that the accounts do not accord with those records; or
that the accounts do not comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the 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; or
that there is further information needed for a proper understanding of the accounts.

Independent examiner's statement

I have completed my examination and have no concerns in respect of the matters (1) to (4) listed above and, in connection with following the Directions of the Charity Commission I have found no matters that require drawing to your attention.

Michael J Rudd FCA CTA ICAEW Four Oaks Taxation & Accounting Services Limited Suite D, Astor House 282 Lichfield Road Four Oaks Sutton Coldfield West Midlands B74 2UG

8 March 2023

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PATISHAHI 6 CIO

STATEMENT OF FINANCIAL ACTIVITIES FOR THE PERIOD 7 JULY 2021 TO 31 JULY 2022

Notes INCOMING RESOURCES Incoming resources from generated funds Voluntary income RESOURCES EXPENDED Costs of generating funds Costs of generating voluntary income Governance costs	Unrestricted fund £ 45,460 42,687 1,200
Total resources expended	43,887
NET INCOMING RESOURCES	1,573
TOTAL FUNDS CARRIED FORWARD	1,573

The notes form part of these financial statements

Page 4

PATISHAHI 6 CIO

BALANCE SHEET AT 31 JULY 2022

Notes CURRENT ASSETS Cash at bank CREDITORS Amounts falling due within one year 3	Unrestricted fund £ 2,773 (1,200)
NET CURRENT ASSETS	1,573
TOTAL ASSETS LESS CURRENT LIABILITIES	1,573
NET ASSETS	1,573
FUNDS 4 Unrestricted funds	1,573
TOTAL FUNDS	1,573

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 July 2022.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 July 2022 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
(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.

These financial statements have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to charitable small companies and with the Financial Reporting Standard for Smaller Entities (effective January 2015).

The financial statements were approved by the Board of Trustees on 8 March 2023 and were signed on its behalf by:

L Singh -Trustee

The notes form part of these financial statements

Page 5

PATISHAHI 6 CIO

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD 7 JULY 2021 TO 31 JULY 2022

1. ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention, and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008), the Companies Act 2006 and the requirements of the Statement of Recommended Practice, Accounting and Reporting by Charities.

Incoming resources

All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.

Resources expended

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.

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.

2. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the period ended 31 July 2022.

Trustees' expenses

There were no trustees' expenses paid for the period ended 31 July 2022.

3. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

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||| |---|---| |£| |Other creditors|1,200|

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4. MOVEMENT IN FUNDS

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|||| |---|---|---| |Net movement| |in funds|At 31.7.22| |£|£| |Unrestricted funds| |General fund|1,573|1,573| |TOTAL FUNDS|1,573|1,573|

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PATISHAHI 6 CIO

NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE PERIOD 7 JULY 2021 TO 31 JULY 2022

4. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

Unrestricted funds General fund	Incoming Resources Movement in resources expended funds £ £ £ 45,460 (43,887) 1,573
TOTAL FUNDS	45,460 (43,887) 1,573

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PATISHAHI 6 CIO

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE PERIOD 7 JULY 2021 TO 31 JULY 2022

INCOMING RESOURCES Voluntary income Donations Total incoming resources RESOURCES EXPENDED Costs of generating voluntary income Rent, rates and water Light and heat Telephone Virtual learning costs Teaching costs Governance costs Accountancy Total resources expended Net income	£ 45,460 45,460 2,154 203 417 37,076 2,837 42,687 1,200 43,887 1,573

This page does not form part of the statutory financial statements

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