Company Registration Number: 2045625 Charity Registration Number: 1011723
BANGLADESH YOUTH MOVEMENT 21-23 HENRIQUES STREET LONDON E1 1NB
_______ FINANCIAL STATEMENT AND REPORT OF THE DIRECTORS/TRUSTEES FOR THE YEAR ENDED 31[St] MARCH 2021
___________
RAHMAN & CO INCORPORATED EXECUTIVE ACCOUNTANTS 167 CANNON STREET ROAD LONDON E1 2LX Tel: 020 7702 0562
BANGLADESH YOUTH MOVEMENT
CONTENTS
| Page | |
|---|---|
| Charity Information | 1 |
| Report of the Directors/Trustees | 2 |
| Independent Auditors’ Report | 4-4(i) |
| Income and Expenditure Account | 5 |
| Balance Sheet | 6 |
| Accounting Policies | 7 |
| Notes to the Accounts | 8 - 10 |
BANGLADESH YOUTH MOVEMENT
CHARITY INFORMATION FOR THE YEAR ENDED 31[st] MARCH 2021
Status:
The organization is a charitable company limited by guarantee. The company was established under a Memorandum and Articles of Association which established the objects and powers of the charitable company and is governed under its Articles of Association.
Trustees who held office during the year
Norul Islam Chairperson Khalil Uddin Vice Chair Abul Kalam Makhan Secretary Althaf Hussain Assistant Secretary Abdul Khalique Treasurer Ms. Nurjahan Haque Woman & Children Secretary Kala Miah ECM Ms. Hushnera Begum ECM
Secretary
Abul Kalam Makhan
Registered Office
21 – 23 Henriques Street London E1 1NB
Company Registration Number
2045625 England & Wales
Charity Registration Number
1011723
Auditors
Rahman & Co Incorporated Executive Accountants 167 Cannon Street Road London E1 2LX
Bank
HSBC 75 Whitechapel Road London E1 1DU
1
BANGLADESH YOUTH MOVEMENT
REPORT OF THE DIRECTORS/TRUSTEES FOR THE YEAR ENDED 31[st] MARCH 2021
The Directors/Trustees of Bangladesh Youth Movement present their report together with the financial statements for the year ended 31[st] March, 2021.
Principal Activity
The principal activity of the charity in the year under review was that of running a non-profit making welfare rights, advice, youth, women activities-training and community service.
Directors/Trustees
The Directors/Trustees of the charity who held office during the year were as follows:
Norul Islam Khalil Uddin Abul Kalam Makhan Abdul Khalique Ms. Hushnera Begum Althaf Hussain Kola Miah Nurjahan Haque
Risk Mitigation
The board has examined the principal areas of the Charity’s operations and considered the major risks which may arise in each of these areas. In the opinion of the Trustees the Charity has established resources and review systems which, under normal conditions, should allow the risks identified by them to be mitigated to an acceptable level in its day to day operations.
Reserve Policy
It is the policy of the charity that unrestricted funds, which have not been designated for a specific use should be maintained at a level equivalent to at least 3 months expenditure. The executive committee considers that the reserves at this level will ensure that in the event of a significant drop in funding, they will be able to continue the charity’s current activities while consideration is given to ways in which additional funds may be raised.
Results for the Year
The results of the period and financial position of the charity are shown in the annexed financial statements.
The Income and Expenditure Account shows net outgoing resources for the year of £147,361 and reserves of £75,106
A review of the charity’s activities during the period covered by these accounts and trustees report is contained in the Annual Report, which is available from the registered office.
Tangible Fixed Assets for use by the Charity
Fixed Assets are set out in the Notes to the Accounts.
2
Statement of Directors/Trustees Responsibilities
The Directors/Trustees are required by law to prepare financial statements for each financial period which give a true and fair view of the financial activities of the charity and of its financial position at the end of that period. In preparing those financial statements the trustees are required to:
a) Select suitable accounting policies and apply them consistently;
b) Make judgements and estimates that are reasonable and prudent;
c) Follow applicable accounting standards, subject to any material departures disclosed and explained in the accounts;
d) Prepare the financial statements on a going concern basis unless it is inappropriate to assume that the charity company will continue in operation.
The Directors/Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity company and enable them to ensure that the financial statements comply with the Companies Act 2006 and charity legislation. They are also responsible for safeguarding the assets o the charity company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Auditors
The auditors, Rahman & Co, have indicated their willingness to be proposed for re-appointment in accordance with the Companies Act 2011.
Approved by the directors trustees on: 17/02/2022 and signed on their behalf by
Trustee
Signature Name
3
BANGLADESH YOUTH MOVEMENT
INDEPENDENT EXAMINER’S REPORT FOR THE YEAR ENDED 31[st] MARCH 2021
We have audited the accounts of Bangladesh Youth Movement for the year ended 31[st] March 2021 on pages 4 to 5 which have been prepared under the historical cost convention in accordance with the SORP, Accounting and Reporting by Charities Commission issued in January 2015 and applicable Accounting Standards and Charities Act 2011.
Respective responsibilities of Trustees and Auditors
As the Charity’s Trustees, you are responsible for the preparation of the Financial Statements. The Executive Committee considers that an Audit is not required for this year (under section 144 (2) of the Charities Act 2011) and that an Independent Examiner is needed.
It is our responsibility to:
-
Examine the Financial Statements under section 145 of the 2011 Act.
-
Follow the procedure laid down in the general directions given by the Charity Commissioners (under section 145(5)(b) of the 2011 Act and to state whether particular matters have come to my attention
For the financial year in question the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
No member has required the company to obtain an audit of its accounts for the year in question in accordance with section 476 of the Companies Act 2006.
The Directors acknowledge their responsibility for complying with the requirements of the Act with respect to accounting records and for the preparation of accounts.
These Accounts have been prepared in accordance with the provision applicable to the small companies, regime
Basis of Opinion
We conducted our audit in accordance with the general directions issued by the Charities Commissioner. The examination includes:
-
-A review of the accounting records kept by the Charity
-
-A comparison of the accounts presented with those records made available
-
-It includes consideration of an unusual items of disclosures in the accounts.
Finally, obtaining explanations from you as the Executive Committee concerning any such matters relating to the accounts. The examination also includes examination of any such matters of evidence relevant to the account disclosures in the financial statements. It includes assessment of the significant estimates and judgments made in the preparation of the financial statements, and whether the accounting policies and appropriate to the charity’s circumstances consistently applied and adequately disclosed. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts.
Independent Examiners’ statement
In connection with our examination no matter has come to our attention:
-
(1) Which gives us reasonable cause to believe that in any material respect the requirements:
-
To keep accounting records in accordance with section 130 of the 2011 Act; and
-
To prepare accounts which accord with the accounting records and comply with the accounting requirements of the Act have not been met; or
-
(2) To which in our opinion attention should be drawn in order to enable a proper understanding of the accounts to be reached.
4
Opinion
In our opinion the accounts give a true and fair view of the state of the charity company’s affairs as at 31[st] March 2021 and of its incoming resources and application of resources, including its income and expenditure, in the period then ended and have been properly prepared with the general direction given by the Charities Commissioner.
Dr. M. N. Alam (FAIA) Rahman & Co Incorporated Executive Accountants 167 Cannon St Road London E1 2LX
17/02/2022
4(i)
BANGLADESH YOUTH MOVEMENT
Statement of Financial Activities
Incorporating the Income and Expenditure account for the year ended 31 March 2021
| Notes Gross Incoming Resources Grants and Donations 4 Income of charitable activities 5 Investment returns 6 Other income 7 Total Incoming resources Resources expended Charitable expenditure: -Direct expenditure 8 -Support expenditure 9 -Management and administration 10 Total expenditure Surplus(deficit) on ordinary activities before funds transfers Transfers between funds 15 Transfer from designated funds Net outgoing resources Fund balances at 1 April 2020 Fund balances at 31 March 2021 |
Unrestricted Funds Restricted Funds Designated General |
Unrestricted Funds Restricted Funds Designated General |
2021 2020 Total Funds Total Funds |
|---|---|---|---|
£ 0 |
£ £ 4,239 17,354 175,754 0 4,239 193,108 86,542 4,304 54,266 2,250 4,304 143,058 (65) 50,050 (65) 50,050 -65 50,050 36,533 -14,253 36,468 35,797 |
£ £ 21,593 4,439 175,754 95,011 0 0 |
|
| 197,347 99,450 |
|||
| 86,542 47,616 58,569 40,561 2,250 2,064 |
|||
| 147,361 90,241 |
|||
| 49,985 9,209 |
|||
| 0 2,841 |
49,985 9,209 25,121 15,912 |
||
| 2,841 | 75,106 25,121 |
The notes on pages 8 to 12 form part of these accounts.
5
BANGLADESH YOUTH MOVEMENT
Balance Sheet as at 31 March 2021
| BANGLADESH YOUTH MOVEMENT Balance Sheet as at 31 March 2021 |
|||
|---|---|---|---|
| Notes Fixed Assets 11 Tangible Fixed Assets Current Assets Debtors 12 Cash at bank and in hand 13 Creditors: amounts falling due within one year 14 Net current assets/(liabilities) Net Assets Funds General Funds 15 Designated Funds Total unrestricted Funds Restricted Funds 16 Total funds 17 |
31-Mar-21 £ £ 10,414 117,650 117,650 52,958 64,692 75,106 36,468 2,841 39,309 35,797 75,106 |
31-Mar-20 | |
| £ 117,650 |
£ 45,449 |
£ 7574 17,547 |
|
| 117,650 52,958 |
45,449 27,902 |
||
| 36,468 2,841 |
36,533 2,841 |
||
| 25,121 | |||
| 39,374 -14,253 |
|||
| 25,121 |
These financial statements have been prepared under the historical cost convention in accordance with the SORP, Accounting and Reporting by Charities Commission issued in April 2005 and applicable Accounting Standards and Charities Act 1993.
For the financial year in question the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
No member has required the company to obtain an audit of its accounts for the year in question in accordance with section 476 of the Companies Act 2006.
The Directors acknowledge their responsibility for complying with the requirements of the Act with respect to accounting records and for the preparation of accounts.
These Accounts have been prepared in accordance with the provision applicable to the small companies, regime
Approved by the Directors/Trustees and signed on their behalf by:
Trustee
Trustee
Approved by the board on: 17/02/2022
The notes on pages 8 to 12 form part of these accounts.
6
BANGLADESH YOUTH MOVEMENT
ACCOUNTING POLICIES
FOR THE YEAR ENDED 31[st] MARCH 2020
1 Accounting policies
Accounting Convention
The financial statements have been prepared:
a) under the historical cost convention:
b) in accordance with the Financial Reporting Standard for Smaller Entities (effective June 2002); c) in accordance with the Statement of Recommended Practice: Accounting and reporting by Charity Commission issued in March 2005 and applicable Accounting Standards and Charities Act 1993.
Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as a small undertaking under FRS1.
Incoming Resources
Incoming resources are the amounts derived from the provision of charitable services, the receipt of gifts, subscriptions and grants falling within the charity’s ordinary activities and are shown net of VAT where applicable.
Restricted Funds
Restricted funds are to be used for specified purposes as laid down by the funder. Direct and support expenditure which meets these criteria are identified to the fund together with a fair allocation of other costs.
Unrestricted Funds
Unrestricted Funds are funds received which have no restrictions placed on their use and are available as general funds.
Designated Funds
Designated funds are unrestricted funds earmarked by the trustees for particular purposes.
Voluntary income
Voluntary income received by way of donations and gifts is included in full when received.
Revenue grants
Revenue grants are credited to incoming resources on the earlier of when they are received or when they are due. If they relate to a specified future period they are deferred.
Allocation of costs
Costs are allocated directly to projects where they can be identified as relating solely to that project. Other costs are allocated between the funds based on staff time spent on the fund activities.
Management and Administration
Administration expenditure includes all expenditure not directly related to or supporting the charitable activity.
Tangible Fixed Assets
Tangible Fixed Assets are stated at cost less depreciation. Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer and office equipment - 33% on cost Furniture and fittings - 25% on reducing balance
2 Incoming Resources
The incoming resources and surplus are attributable to the principal activities of the charity.
7
| BANGLADESH YOUTH MOVEMENT Notes to the Accounts for the year ended 31 March 2021 3 Net outgoing resources Net outgoing resources are stated after charging: Auditors fees - audit services Auditors fees - other services Depreciation - owned assets Unrestricted £ 4 Grants and Donations H M REVENUE & Customs - JRS Grant LBTH (Rates Discretionary Payment) 2000 Donations 2238.68 4238.68 5 Income of charitable activities LBTH - Mainstream (Advice/STIFFORD) LBTH - LCF- WOMEN HEALTH PROJECT LBTH - YOUNG CHALLENGE FOR YOUTH EXTENTION The City Bridge Trust (City Of London) Trust For London LBTH - Older People Project East End Community Fund Covid19 Emergency Fund ESF - London Council H M Gvt in partnership with National Lottery Covid 19 London Community Response LCRF Wave2 LBTH/EECF (female advice) Power to Change-Covid 19 Community Recovery London Community Response Fund Wave3 LBTH - EECF - LONELINESS PROJECT Other donations 0 DEFERRED INCOME B/F DEFERRED INCOME C/F 0 6 Investment returns Unrestricted £ Bank interest received 7Other Income Zurich Municipal Insurance Claim 0 8 Direct Expenditure Project costs/Direct Charity Expense Womans Health, Workshop & Training Expense Youth Educational, Sports & Training Activities Volunteer expenses Wages Covid 19 Food Supply & Household Essentials Expense Capacity Building & Mentoring Support Social / Cultural Meeting Events |
Unrestricted £ 2000 2238.68 |
Restricted £ 17354.07 17354.07 0 21,542 0 28,750 15,000 12,770 10,000 0 37,972 19,000 4,891 23,768 21,081 5,000 0 0 -24,020 175,754 Restricted £ 0 0 11,740 6,819 2,624 6,037 40,858 11,371 4,375 2,718 86,542 |
2021 2020 £ £ 4,304 2,977 |
|---|---|---|---|
| 4238.68 | 21592.75 4,189 |
||
| 0 7,215 21,542 20,971 0 6,500 28,750 23,250 15,000 15,000 12,770 0 10,000 0 0 7,475 37,972 0 19,000 0 4,891 0 23,768 0 21,081 0 5,000 0 0 250 0 14,600 -24,020 0 |
|||
| 0 | 175,754 99,450 |
||
| Unrestricted £ |
2020 2020 Total Total £ £ |
||
| 0 | |||
| 11,740 6,947 6,819 555 2,624 1,085 6,037 3,455 40,858 31,629 11,371 4,375 0 2,718 3,945 |
|||
| 86,542 47,616 |
8
BANGLADESH YOUTH MOVEMENT
Notes to the Accounts
for the year ended 31 March 2021
| 9 Support Expenditure Telephone & Internet Printing, postage & Stationery Subscription & membership Consultancy & Fund Raising costs Repairs, renewals and small equipment Insurance/professional indemnities AQS Promotions & Publicities Rent & services - Water Charges Light & Heat Volunteer Training, Development & Workshop Expenses Matrix Licence Renewal fee Cleaning, cleaning materials and trade refuse Materials, Books & Literature Staff Training & Development Sessional work / Part time Travel & Transport cost Depreciation: Fixtures and fittings Depreciation: Computer Equipment 10 Management and administration Auditors remuneration Accountancy fees Bookkeeping & payroll charges Professional fees Legal fees Bank charges 11 Tangible fixed assets As at 1 April 2020 Additions As at 31 March 2021 Depreciation Charge for the year As at 31 March 2020 Net book value As at 31 March 2019 As at 31 March 2020 |
Unrestricted £ 559 3,745 |
Restricted £ 2,471 614 1,443 13,198 4,630 2,465 875 10,216 863 5,040 0 600 1,499 2,430 7,316 605 54,266 Restricted £ 2,250 - - 0 0 2,250 Furniture & Fittings 2,236 0 2,236 559 559 2,236 1,677 |
2020 £ 2,471 614 1,443 13,198 4,630 2,465 875 10,216 863 5,040 0 600 1,499 2,430 7,316 605 559 3,745 |
2019 £ 2,212 650 750 3,300 450 1,150 550 10,550 938 1,350 1,800 200 540 700 0 0 105 0 |
|||
|---|---|---|---|---|---|---|---|
| 4,304 Unrestricted £ - - - - - 0 |
58,569 2020 £ 2,250 - - 0 0 |
25,245 2019 £ 2,000 - - 0 64 |
|||||
| 0 | 2,250 | 2,064 Computers & Equipment 5,338 7,144 |
|||||
| 12,482 | |||||||
| 3,745 | |||||||
| 3,745 5,388 |
|||||||
| 8,737 |
9
BANGLADESH YOUTH MOVEMENT
Notes to the Accounts
for the year ended 31 March 2021
| 12 Debtors: amounts falling due within one year Other debtors Accrued income 13 Bank and cash in hamd Bank deposit account Bank current account 14 Creditors: amounts falling due within one year Accruals / Deferred Income Other Creditors /Payroll Taxes Salaries Accountancy 15 Designated Funds Property & equipment fund |
Opening Resources balance arising 2,841 0 |
2021 2020 £ £ 0 0 |
|---|---|---|
| 0 0 |
||
| - - 117,650 46,448 |
||
| 117,650 46,448 |
||
| 24,020 0 19,275 20,645 4,613 3,257 5,050 4,000 |
||
| 52,958 27,902 |
||
Resources Closing utilised balance 0 2,841 |
||
| 2,841 0 |
0 2,841 |
This designated fund represents the amount of charity funds locked up in Property and equipment fund fixed assets
which are needed for operational purposes. The funds are carried at the net book value of the fixed assets at the balance sheet date, after deducting any outstanding
loans and restricted funds used to finance their acquisition.
| 16 Restricted Funds BYM Projects |
Opening Incoming Resources Transfers & Closing balance Resources expended adjustments balance -14,253 193,108 143,058 35,797 |
|---|---|
| -14,253 193,108 143,058 - 35,797 |
Restricted funds (continued)
Projects financed by restricted funds are supported by unrestricted funding where necessary. This occurs where the funding is in arrears or the incidence of expenditure on the project occurs disproportionately at the beginning of the project compared to the income flows. Where restricted projects end the year with a deficit, this is met by after year-end restricted income or transfers from unrestricted funds.
| 17 Net assets attributable to funds Tangible fixed assets Current assets Current liabilities Net assets represented by funds |
Total £ 10,414 117,650 52,958 |
|---|---|
| 75,106 |
18 Taxation
The company is a registered charity and does not trade or undertake non-charitable activities and has been granted tax exempt status by the Inland Revenue.
10