TARAKI WELLBEING

Company limited by guarantee

Company Registration Number:
11906363 (England and Wales)

Unaudited statutory accounts for the year ended 31 March 2024

Period of accounts

Start date: 01 April 2023

End date: 31 March 2024

TARAKI WELLBEING

Company limited by guarantee

Contents of the Financial Statements

for the Period Ended 31 March 2024

Company Information - 3
Report of the Directors - 4
Income and Expenditure Account - 5
Balance sheet - 6
Additional notes - 8
Income And Expenditure notes - 11
Balance sheet notes - 12

TARAKI WELLBEING

Company limited by guarantee

Company Information

for the Period Ended 31 March 2024




Director: Shuranjeet Singh Takhar
Navraj S Dhesi
Amrita K Sohal
Secretary: Kamaljit Kaur Takhar
Registered office: Taraki Wellbeing, Office 1, Izabella House
24-26 Regent Place, City Centre
Birmingham
England
B1 3NJ
Company Registration Number: 11906363 (England and Wales)

TARAKI WELLBEING

Company limited by guarantee

Directors' Report Period Ended 31 March 2024

The directors present their report with the financial statements of the company for the period ended 31 March 2024

Principal Activities

Founded in October 2017 by Shuranjeet Singh in response to his personal mental health challenges, Taraki has evolved from sharing mental health stories on social media into a thriving, community-led movement.

Additional information

Working with Punjabi communities to reshape approaches to mental health, Taraki have secured consistent financial support from a range of funders whilst making a discernably positive impact. Taraki's work expanding the Cha in the City model for Punjabi men’s mental health presents a transformative approach to community mental health. Funded by the Movember Foundation, Taraki were tasked with improving support for Punjabi men’s mental health. Building off their existing peer support offering, Taraki decided to develop a training package to share and scale their peer support model within grassroots communities around the world. Now, Taraki does not run but ‘powers’ Punjabi men’s peer support across a number of sites, including Birmingham, Leicester, Leeds, Southall, Surrey (Canada). These groups are led by Taraki’s grassroots partners but were sparked through their close involvement, training and mentorship. This programme is being evaluated as to its impact on social isolation and loneliness. It is hoped that even after this programme has formally ended that Taraki’s grassroots partners can continue offering this support within their local communities. Taraki want to share our skills and expertise, ensuring our communities can support themselves and each other. Secondly, Taraki has taken positive steps forward in its media and campaigns work over the last year. The content cycle of the modern world rewards activity as opposed to outcome; risksing the ritualistaion of creating ‘content’ for its own sake. Taraki have developed an approach to content creation which is based in reflection, compassion and curiosity. In doing so, Taraki’s engagement across social media has grown exponentially. Taraki have been able to uplift community voices by speaking about positive change and positive visions for Punjabi mental health. Taraki have not resorted to ‘clickbait’ or ‘controversial’ content to gather views and engagement. In our current time it is very easy to benefit from quantity, not quality. Taraki’s media and campaigns team have worked hard to drive forward their values-led approach to creating well informed, representative and exciting content which is evidently connecting with our audiences. Current sources of income include Movember Foundation and Zoom Cares. Some stats to be proud of include that we have an active following of over 17,000 on social media and engage around 40,000 people per month across our channels. To date we have engaged over 800 people through our peer support offerings, both run by Taraki and powered by Taraki. We have published 10 research outputs, including primary research, secondary research, lived experience reports, and literature reviews. Taraki are very proud of what they have achieved this year. None of it would be possible without our team, our funders, and most of our all our communities for entrusting us with this work.

Directors

The directors shown below have held office during the whole of the period from 01 April 2023 to 31 March 2024
Shuranjeet Singh Takhar

The director(s) shown below were appointed to the company during the period
Navraj S Dhesi
16 January 2024
Amrita K Sohal
16 January 2024

Secretary
Kamaljit Kaur Takhar

This report was approved by the board of directors on 24 December 2024
And Signed On Behalf Of The Board By:

Name: Shuranjeet Singh Takhar
Status: Director

TARAKI WELLBEING

Company limited by guarantee

Income and Expenditure Account

for the Period Ended 31 March 2024


Notes

2024
£

2023
£
Turnover 120,545 77,438
Cost of sales ( 756 ) ( 250 )
Gross surplus or (deficit) 119,789 77,188
Administrative Expenses ( 119,287 ) ( 73,814 )
Operating surplus or (deficit) 502 3,374
Surplus or (deficit) before tax 4 502 3,374
Tax on surplus ( 56 ) ( 11 )
Surplus or (deficit) for the period 446 3,363

The notes form part of these financial statements

TARAKI WELLBEING

Company limited by guarantee

Balance sheet

As at 31 March 2024


Notes

2024
£

2023
£
Fixed assets
Intangible assets: 5 250 500
Tangible assets: 6 3,987 3,525
Total fixed assets: 4,237 4,025
Current assets
Stocks: 0 0
Debtors: 7 2,000
Cash at bank and in hand: 187,265 218,563
Total current assets: 187,265 220,563
Prepayments and accrued income: 8,503 7,896
Creditors: amounts falling due within one year: 8 ( 55 ) ( 1,401 )
Net current assets (liabilities): 195,713 227,058
Total assets less current liabilities: 199,950 231,083
Accruals and deferred income: ( 179,466 ) ( 211,046 )
Total net assets (liabilities): 20,484 20,037

The notes form part of these financial statements

TARAKI WELLBEING

Company limited by guarantee

Balance sheet continued

As at 31 March 2024


Notes

2024
£

2023
£
Reserves
Income and expenditure account 20,484 20,037
Members funds 20,484 20,037

For the year ending 31 March 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 24 December 2024
And Signed On Behalf Of The Board By:

Name: Shuranjeet Singh Takhar
Status: Director

The notes form part of these financial statements

TARAKI WELLBEING

Company limited by guarantee

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

TARAKI WELLBEING

Company limited by guarantee

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 2. Employees


    2024

    2023
    Average number of employees during the period 0 0

TARAKI WELLBEING

Company limited by guarantee

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 3. Off balance sheet disclosure

    No

TARAKI WELLBEING

Company limited by guarantee

Notes to the Financial Statements

for the Period Ended 31 March 2024

4.Surplus or (deficit) before tax

Turnover breakdown;
Grant income £101,636
Donations £13,552
Sales £5,356

TARAKI WELLBEING

Company limited by guarantee

Notes to the Financial Statements

for the Period Ended 31 March 2024

5. Intangible assets

Other Total
Cost £ £
At 01 April 2023 1,000 1,000
Additions - -
Disposals - -
Revaluations - -
Transfers - -
At 31 March 2024 1,000 1,000
Amortisation
Amortisation at 01 April 2023 500 500
Charge for year 250 250
On disposals - -
Other adjustments - -
Amortisation at 31 March 2024 750 750
Net book value
Net book value at 31 March 2024 250 250
Net book value at 31 March 2023 500 500

TARAKI WELLBEING

Company limited by guarantee

Notes to the Financial Statements

for the Period Ended 31 March 2024

6. Tangible assets

Fixtures & fittings Office equipment Total
Cost £ £ £
At 01 April 2023 - 4,126 4,126
Additions - 1,838 1,838
Disposals - - -
Revaluations - - -
Transfers - - -
At 31 March 2024 - 5,964 5,964
Depreciation
At 01 April 2023 - 601 601
Charge for year - 1,376 1,376
On disposals - - -
Other adjustments - - -
At 31 March 2024 - 1,977 1,977
Net book value
At 31 March 2024 - 3,987 3,987
At 31 March 2023 - 3,525 3,525

TARAKI WELLBEING

Company limited by guarantee

Notes to the Financial Statements

for the Period Ended 31 March 2024

7. Debtors


2024
£

2023
£
Prepayments and accrued income 2,000
Total 2,000

TARAKI WELLBEING

Company limited by guarantee

Notes to the Financial Statements

for the Period Ended 31 March 2024

8.Creditors: amounts falling due within one year note


2024
£

2023
£
Taxation and social security 55 11
Other creditors 1,390
Total 55 1,401