**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** **----- Start of picture text -----**
Page
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: 1. that accounting records were not kept as required by section 386 of the Companies Act 2006; or 2. that the accounts do not accord with those records; or 3. 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 4. 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 Page 3 **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** **----- Start of picture text -----**
||| |---|---| |£| |Other creditors|1,200| **----- End of picture text -----**
## **4. MOVEMENT IN FUNDS** **----- Start of picture text -----**
|||| |---|---|---| |Net movement| |in funds|At 31.7.22| |£|£| |Unrestricted funds| |General fund|1,573|1,573| |TOTAL FUNDS|1,573|1,573| **----- End of picture text -----**
Page 6 **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| Page 7 **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 Page 8