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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 2024
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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 2022
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 Wahidul Islam Tutu Treasurer Ms. Nurjahan Haque Woman & Children Secretary Abdul Malik 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 2024
The Directors/Trustees of Bangladesh Youth Movement present their report together with the financial statements for the year ended 31[st] March, 2024.
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 Malik Ms. Hushnera Begum Althaf Hussain Wahidul Islam Tutu 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 £149,045 and reserves of £88,216
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 of 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: 26/12/2024 and signed on their behalf by
Signature
Norul Islam Name
Trustee
3
BANGLADESH YOUTH MOVEMENT INDEPENDENT EXAMINER’S REPORT FOR THE YEAR ENDED 31[st] MARCH 2024
We have audited the accounts of Bangladesh Youth Movement for the year ended 31[st] March 2024 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
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(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 2024 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
26/12/2024
4(i)
BANGLADESH YOUTH MOVEMENT
Statement of Financial Activities
Incorporating the Income and Expenditure account for the year ended 31 March 2024
| 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 2021 Fund balances at 31 March 2022 |
Unrestricted Funds Restricted Funds Designated General |
Unrestricted Funds Restricted Funds Designated General |
2024 2023 Total Funds Total Funds |
|---|---|---|---|
£ 0 |
£ £ 5,800 0 126,160 0 5,800 126,160 98,491 1,520 46,784 2,250 1,520 147,525 4,280 (21,365) 4,280 (21,365) 4,280 (21,365) 32,433 70,027 36,713 48,662 |
£ £ 5,800 21,593 126,160 175,754 0 0 0 0 |
|
| 131,960 197,347 |
|||
| 98,491 86,542 48,304 58,569 2,250 2,250 |
|||
| 149,045 147,361 |
|||
| (17,085) 49,985 |
|||
| 0 2,841 |
(17,085) 49,985 105,301 25,121 |
||
| 2,841 | 88,216 75,106 |
The notes on pages 8 to 12 form part of these accounts.
5
BANGLADESH YOUTH MOVEMENT
as at 31 March 2024
Balance Sheet
| BANGLADESH YOUTH MOVEMENT Balance Sheet as at 31 March 2024 |
|||
|---|---|---|---|
| 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-24 £ £ 3,704 124,068 124,068 39,557 84,512 88,216 36,713 2,841 39,554 48,662 88,216 |
31-Mar-23 | |
| £ 124,068 |
£ 137,907 |
£ 5,224 100,077 |
|
| 124,068 39,557 |
137,907 37,830 |
||
| 36,713 2,841 |
32,433 2,841 |
||
| 105,301 | |||
| 35,274 70,027 |
|||
| 105,301 |
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:
| Norul Islam | Trustee Trustee |
|---|---|
Approved by the board on:
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 2024
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 2024 3 Net outgoimg resources Net outgoimg resources are stated after charging: Auditors fees - audit services Auditors fees - other services Depreciation - owned assets 4 Grants and Donations H M REVENUE & Customs - JRS Grant LBTH (Rates Descretinary Payment) Donations 5 Income of charitable activities London Community Foundation LBTH - WOMEN HEALTH PROJECT LBTH - Main Grant The City Bridge Trust (City Of London) Trust For London People Health Trust East End Community Fund Covid19 Emergency Fund EECF /LBTH OLDER PEOPLE PROGRAMME H M Gvt in partnership with Natinal Lottery Covid 19 Together For London - LCF LBTH/EECF (female advice) Power to Change-Covid 19 Community Recovery London Community - LCF EECF - LONELINESS PROJECT The City Bridge Trust (City Of London Covid Fund) LBTH Small Fund Central Fund - Trust For London LCF - Pathway 2 Employment Programme People Health Trust (PHT) Garfield Weston Foundation Wapping Asso - Advice Consotium Grant DEFFERED INCOME B/F DEFFERED INCOME C/F 6 Investment returns Bank interest received 7Other Income Zurich Municipal Insurance Claim 8 Direct expenditure Project costs/Direct Charity Expense Womans Health & Training Youth Educational, Sports & Training Activities Volunteer expenses Wages Older People Wellbeing Project Capacity Building & Mentoring Support Social / Cultural Meeting Events |
Unrestricted £ 5800 |
Restricted £ 0 0 0 20,900 6,408 16,500 9,927 0 0 0 0 0 0 31,882 0 0 0 9,000 0 7,942 15,000 8,602 0 0 126,160 Restricted £ 0 0 9,005 5,262 1,500 6,100 61,567 6,500 6,495 2,062 98,491 |
2024 2023 £ £ 1,520 3,040 |
|---|---|---|---|
| 605 | |||
| 5800 | 5,800 605 |
||
| 0 5,500 0 21,542 20,900 0 6,408 25,490 16,500 15,000 9,927 9,927 0 0 0 5,000 0 0 0 9,907 0 0 0 0 31,882 31,882 0 0 0 2,563 0 14,033 9,000 0 0 0 7,942 0 15,000 0 8,602 0 0 8,650 0 0 |
|||
| 0 | 126,160 149,494 |
||
| Unrestricted £ |
2024 2023 Total Total £ £ |
||
| 0 | |||
| 9,005 9,545 5,262 4,600 1,500 1,388 6,100 7,768 61,567 59,204 6,500 3,050 6,495 7,710 2,062 2,140 |
|||
| 98,491 95,405 |
8
BANGLADESH YOUTH MOVEMENT
Notes to the Accounts
for the year ended 31 March 2024
| 9 Support Expenditure Telephone & Internet Printing, postage & Stationery Subscription & membership Consultancy & Fund Raising costs Repairs, renewals and small equipment Insurance/proffessional indemnities AQS Promotions & Publicities Rent & services - Water Charges Light & Heat Volunteer Training & Development 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 2023 Additions As at 31 March 2024 Depreciation Charge for the year As at 31 March 2024 Net book value As at 31 March 2023 As at 31 March 2024 |
Unrestricted £ 236 1,284 |
Restricted £ 1,173 967 2,091 8,200 4,800 2,436 750 14,448 1,228 3,750 1,080 301 2,400 3,160 0 46,784 Restricted £ 2,250 - - 0 0 2,250 Furniture & Fittings 943 0 943 236 236 2,236 707 |
2024 £ 1,173 967 2,091 8,200 4,800 2,436 750 14,448 1,228 3,750 1,080 301 2,400 3,160 0 236 1,284 |
2023 £ 2,856 3,646 1,931 5,100 6,575 3,255 850 11,350 2,083 4,018 855 320 1,020 2,950 254 315 1,835 |
|||
|---|---|---|---|---|---|---|---|
| 1,520 Unrestricted £ - - - - - 0 |
48,304 2024 £ 2,250 - - 0 0 |
49,213 2023 £ 2,250 - - 0 123 |
|||||
| 0 | 2,250 | 2,250 Computers & Equipment 4,281 0 |
|||||
| 4,281 | |||||||
| 1,284 | |||||||
| 1,284 5,388 |
|||||||
| 2,997 |
9
BANGLADESH YOUTH MOVEMENT
Notes to the Accounts for the year ended 31 March 2024
| 12 Debtors: amounts falling due within one year Other debtors Accrued income 13 Bank and cash in hand 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 |
2024 2023 £ £ 0 0 3,971 0 |
|---|---|---|
| 3,971 0 |
||
| - - 124,068 137,907 |
||
| 124,068 137,907 |
||
| 0 0 4,290 22,337 28,941 9,168 6,325 6,325 |
||
| 39,557 37,830 |
||
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 70,027 126,160 147,525 48,662 |
|---|---|
| 70,027 126,160 149,045 - 48,662 |
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 £ 3,704 133,443 39,557 |
|---|---|
| 97,590 |
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