Charlty Commlsslon No: 102407 Northern Ireland Slkh Assoclatlon Flnanlal Statements for Year to 31° March 2023
Information Bankers: Bank of Ireland. IS Strand Road. Londonderry, Co Londonderry BT48 7BT Office: Nl Sikh Association. 12 Simpsons Brae. Londonderry BT47 60L Accountants: OIC Chartered Accountants 210, Donovan Road Culmore Derry BT48 8PS
Contents Ircounlinli l•pofl si•i•m•nl ol Iln•Trcl•l Acllvlll•i loi lh• y•ir •ndid Jlil M•r(h 202J l•linc• Sh••1 Il Il Jlil M•r¢h 202J
B•sl• ol Indopend•nt Examln•r's R•port My gxarninatlon was carTied oul in accorrlonce vAth genernl Dirèclions glven by Ihe Chalrpof30n and Tre8sur•r. My examinalion Includes a Teview ol iho 8c¢ounling records kept by Iho Associaiion and a cornpad80n ol the accounlj presented with Ihose r8cords.ll also includes consideralion of any unusu81 Ilems or dlscbsures In Iho 8Ctounti. arKI seeking oxplanalions ITQM Ihe Injslees conceming any suth matlers. Tho proc4dures undertaken do not provide all the 6vidence th&1 would be required in an audil. and conseqvenlly no oplnion Is gen as lo whether ih accounts present 8 Inje and faiv view and ihe report is limited lo Ihose mallers sel out in thè stalemènl bèlow. Independent Examlnevs Statement In connecilon wilh my examination. no maller ha5 ¢om8 io my attenlion (olher Ihan thal dlsclosed below").. (l) v4hich gives me reasonable cause lo believe that m any material respecl Ihtr requiremonts: to keep atcounting records in accordance wilh sedim 130 of the Charilies Act: to PTepare aceounls whh 8ccord with the accountlng records and eomply wilh tho acc(yJntlng requlremenls ol the charitS Acl have not been nwt: or (2) to whlch, In my opinion. 81tention should be drawn In rxdor to enable a proper urKlerslandlng of thè cccMJnts to be re8ched. (3) There was a fire during the year in queslion. In additTh one of the eommittee members Mr Satnam Sln9h Gill passed away. Thls re5ulled in there being a lack of clear aceounling records and a breakdown In normal Inlemal controls. However the new committee has now been lomi&d and new procedures and a new Quickbook5 ccounting sy51am is belng Implemenlod. It should b8 emphasized that Ihal whilè thgre was a breakd¢)1 In Inlemal controls in the period under review, the tK)oks and records as we lound them wore In 8 8$OnablY cceplable condiilon and had ty be laken at face value. .Pl•as• circle as 8ppropiio18 Michael Flanag8n Nam swi•bJf• R•l•vAnl Prol8sslonal qu81illc81k)n ¢y body Inslilute ol Ch8rter•d Accounl8nl$ In lrn18nd OIC. Ch8rtered AcLt)unl8nl. 210. 00¥n Road, CuIffra. Londonderry, BT48 6PS Dats 31M112024
Ireland Sikh Association t ol Flnanclal Artivitles for the year ended 31st March 2013 Unrt5tricted Funds Restrlded Funds Notes 201) 2022 58.104 58.1 17,485 17,485 cihv irrtty 16 247 16.247 41.857 41A58 1.887 C05t ol Yner•ttr income 38.332 39507 1fj.2 Assooabon •dtrdties 1.176 620 21A09 6SO 38332 13.423 3526 16918 JJZ4 3924 lunds ifter iTrnsfers 13.423 3.526 16348 181.687 198.635 L92.183 188259 T¢)tr1 fonward ai 0110412022 18L.687 195,110 3.516
Northern Ireland Sikh Association Balance Sheet as at 31" March 2023 Balance Sheet as at 315t March 2023 Unre5trlrted Funds Restrlrted Total Total Fund5 2023 2022 Notes Plant & Equipment land & buildings 6.480 168.145 174.625 168.145 174.625 168.145 174.625 Currnnt A55ets Debtors Cash Sn hand Cash at ban 103 103 103 24.697 24.8C 24.697 24,8 8,199 8,302 Cl110r% Amounts falling due wthin one year 790 1,240 24.010 24.010 7.062 less Current Liabilities 198.635 198.635 181.687 Amounts falling due after more than one year 198,635 198,635 181.687 Unrestrlaed funds RestrfLXed lunds Tot•1 Ch•rfty 195.110 3,526 198.636 181,687 195,110 3.526 198,636 181.688 Approved by the Asmdatlon members on 2024 and 5i8ned on their behalf by: Presideni Treasurer Mrjam Mr Amerjit Nagra Satvir Gill LOL4
3.Other Income Unrestrlcted Funds RestrSded Funds 2023 Total 2022 Total Donatlons Insurance proceeds 16.247 16,247 17.485 41,857 41.857 16.247 41.857 58,104 17.485 04. Costs of generatlng Funds UnreslTlcted Fund5 Reslrlcted Funds 2023 Total 2022 Total Bank charge5 Safety clothlng Equipment Insurance 242 242 175 756 6,572 1,712 8.459 7S6 999 999 06. Associatlon activities Unrestrlcted Funds Restrlcted Funds 2023 Total 2022 Total Oepredatlon Rent & utlllty costs Hospltallty OonatSons Repllrs and Malntalnence Foyle Hosplce Walk Volunteer expenses Runnlng costs 218 10,683 218 1.151 38.332 38,332 958 1,176 958 38,332 39,507 14,38Z 07. Governance costs Unrestrlcted Funds Restrlcted Funds 2023 Total 2022 Total IDfesstonl fees 650 650 650 650 620 620
Followlng the h're- durin8 22 to 23 summary Maln activities- see constitution. Ensuring temporary repalrs to make our building safe and clearing smoke damage dangerous objects from building Main Actlvities The new structure of our organisation has been changed and will appear later our bank mandate in 2024 and the Charities commission site, as it will be formalised in the future after our next AGM. Practically it is in place as our members had a chance to object and vote on our WhatsApp group and trustees have met. Due to performance and contributt'on (not just financial and fundraising but demonstrating leadership> it has been decided our treasurer Amerjit Singh Nagra would be appointed the new trustee and President of the charity- 'Nl Sikh Associats'on." Our new president has guided us through a very diffi'cult time during a period where we had substantial challenges because of covid, a fire resulting in substantial financial issues (little income during closer) and restructuring challenges and working with the team which includes new trustees: President-Amerjit Slngh Nagra {New Trustee). Vice President Kalbinder Singh Kular Secretary- James Jasbir Singh Nagra. Vice Secretary- Manpreet Kaur Sandhu Treasurer- Satvir Kaur Gill ( New Trustee) - structure decided- formally to be ratified next year due to covid and a year of little activity. Only fumerals . conducted,from Nagra and Gill households held monthly meetings. To discus5 progress. The Trustees look forward to a new and prosperous future working with all the community and members- our policy includes inviting local communities of all faiths to use our facilities and attend cultural events, thereby delivering inclusivity. social innovation in alignment with Sikh values. The President would like to thank the trustees and members for buying into a vision of - "Future sustainability. improved facilities and for their contribution during the most challenging times In the history of the of the Nl Sikh Association, we look forward to welcoming the public and members into our improved, Insulated sustainable building- we would particularly like to thank our senlor cltizens for showlng patlence- we know they will be pleased with the new lift and warmer more comfortable facilltSes- my thoughts through out this diffi'cult period has always been with our Senlor Cltlzens and thelr needs- the trustees have also supported me through the challenges and I have no doubt wlll contlnue to support our charity In the future. Conduslon and summary Improvements will result In more sustalnable bullding and charity for future generations and improved faclllties for our members, public and particularly our senlor citi2ens and disabled who are the at the very heart of our community. Our Policy includes welcoming people from all faiths Includlng or8anisatlons like schools, educatlonal Instltutions. and other community groups to experlence and leam about the Slkh culture. Incluslvlty of all falths and Eender equality is at the centre of our pollcy. We have durlng thls dlfficult perlod developed plans. and in the process settling Insurdnce dalrn.
Declarations Trustees declare that they approve the above report: Signed by the Charity's trustees. Kalbinder Kaur Singh Kular - Trusiee and Vlce Presidenl k . l J h la. Lg" Manpreet Kaur Sandhu- Truslee and Assisianl Secretary Jam0$ Jas¥ir Singh Nagra T r u s t e e a n d Secrelgry Sa1rK#urGl11.T1uSleeandT1t•sUrer