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
7**Other 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