MANCHESTER BANGLADESHI WOMEN'S PROJECT REGISTERED CHARITY NUMBER . 1030292 FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
MANCHESTER BANGLADESHI WOMEN'S PROJECT FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Pages Index Trustees Annual Report Independent Examiners Report Statement of Financial Activities Balance Sheet Statement of Cash Flows 9-14 Notes to the Accounts 15 (For Management Purposes only) Traditional Income & Expenditure Account
MANCHESTER BANGLADESHI WOMEN'S PROJECT Report of the trustees for the year ended 31 March 2024 The trustees present their annual report and financial statements of the charity for the year ended 31 St March 2024. The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the charity's trust deed, the Charities Act 2011 and Accounting and Reporting by Charities. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard Applicabfe in the UK and Republic of Ireland published (FRS 102) (January 2019) Reference and administrative information Charity Name.. Manchester Bangladeshi Women's Organisation Charity Number: 1030292 st Trustees (at the date the report is approved) Chair DrJ Ahmed Vice Chair Dr S Sobhani Treasurer Mrs L Choudhury Joint Treasurer Mrs N Ahmad Secretary DrJ Ahmed Joint Secretary Community Liaison Officer Ms Hasina Islam (resigned 29. 9. 23) Mrs T Doly Joint Community Liaison Mrs P Begum Service User Representative Mrs R Pasha Co-ordinator Nasima Begum to August 2023: Hasina Islam from September 2023 Principal Office 360 Dickenson Road, Longsight Manchester, M13 ONG Independent Examiners Community Accountancy Service Limited The Grange , Pilgrim Drive Beswrck , Manchester, M113TQ Bankers The Royal Bank of Scotland St Ann's Street, Manchester M60 2SS Structure, governance and management The Charity is a registered charity and is constituted under a trust deed dated 26TH June 1993 and registered on 14th December 1993. Appointment of trustees New trustees are appointed by existing trustees and serve for one year after which they may put themselves forward for re-appointment. The Trust Deed provides for a maximum of 8 trustees.at the monthly trustee meetings, the trustees agree the broad strategy and areas of activity for the Charity, including investment, reserves and risk management policies and performance. The day to day administration of the Charity is delegated to the Co-ordinator.
MANCHESTER BANGLADESHI WOMEN'S PROJECT Trustee induction and training Trustees are given a stafflvolunteers handbook when they start as a Trustee. This contains an overview of policies and where to find them. We are currently reviewing our Trustee recruitment, retention and induction process. Objectives and activities The purposes of the charity are to promote for the benefit of primarily women of Bangladeshi heritage in the city of Manchester, by associating the Local Authority, voluntary organisations and local inhabitants in a common effort to advance education and provide facilities in the interests of social welfare, for recreation and leisure time occupation, with the object of improving the condition of life with the particular attention for the said women. The trustees confFrm that they have referred to the Charity Commission's guidance on public benefit when reviewing the Charity's aims and objectives, in planning future activities, and setting the policies for the year. The charity furthers its charitable purposes for the public benefit through continuing to be a safe welcoming and inclusive community centre that is culturally competent and provides meaningful actfvlties, support, information and signposting particularly for disadvantaged women that are victimslsurvivors of domestic abuse or mental ill health. Review of Activities In 2023124 we did this through providing our core activities and community development work. The activttres we provide are chose through consultation wtth women who regularly attend the centre and access services. We endeavour to offer classes/activities through continuous coproduction that reflects the changing needs of the community The following is a summary of key activities, which included- Drop in information/signposting sessions, where we covered issues such as housing, education, welfare rights, health, employment, benefits amongst others. We provided learning and training opportunities to disadvantaged and vulnerable women such as ESOL entry level 1 and 2, CV, IT and Employabrlity and Digital Literacy. The classes are facilitated to encourage women who are not comfortable accessing mainstream classes to attend. We have provided peer support and social engagement activities, where we have hosted weekly coffee mornings for women with ill mental health andlor those who are socially isolated. We have provided weekly lunch club for over 50's and those suffering from enduring mental health, long term health issues, carers and supdivorslvictims of domestic abuse. We also provided yoga, swimming, gardening and wellbeing sessions. As part of the health and wellbeing sessions, we have had workshops on menopause, cervical cancer, bowel cancer and other issues that are more prevalent in the Bangladeshi community. Our carer's group continued remotely via WhatsApp due to the caring responsibilities the women have and they decided as a group to continue online. There are sporadic in real life get togethers that are arranged by the group according to the groups availability. We continued our partnerships with local organisations and delivered creative sessions, health workshops, information and awareness and also statutory organisations, health bodies and educational institutions have approached us to gauge information to influence polrcy change and addressing important issues. Our community development work included- Providing one to one practical and emotional support and advocacy for women who suffer from enduring mental health issues, Providing outreach to marginaltsed, housebound women, who may be not be engaging in mainstream services as they are not culturally appropriate, to prevent crisis and to provide some initial appropriate crisis support.
MANCHESTER BANGLADESHI WOMEN'S PROJECT Working in partnership with local organisations to deliver services, with a common objective to alleviate social issues, such as housing, domestic abuse, social isolation and health inequalities. Continuing to participate and work with statutory/public sector organisations to engage in relevant health/social research projects, such as: We have been working with CHEM (Community Health Equity Manchester) NHS, Public Health to consult on how our community is affected by health inequalities, what the barriers are to the Bangladeshi community in accessing the appropriate health services and what improvements can be made to ensure everyone is afforded health equality. We have continued with our NHLF fund and Young Girls Group, where the girls have looked at issues, of identity and heritage. The girls have attended workshops, sessions and trips to cultural institutions. Our mental health coffee morning, carers group and lunch club have continued and we directly supported our community with bereavement, digital poverty, loss of income, social isolation, stigma within the community and many other issues. A review of our achievements and performance: How our activities delivered public benefit. A summary of some of the outcomes during the year included- Ananna supported almost 530 women this year, who are disadvantaged andlor vulnerable, to improve their life outcomes through access to better informationladvocacy around housing, welfare issues, employment, volunteering, education, health and trainFng As well as providing access for social connection, through trips, celebrations, events and ensuring the centre is a safe space for women to come and socialise and meet others. Ananna improved the wellberng of almost 400 local women who partook in health sessions, soclal groups, and accessed one to one practical and emotional support through our mental health project. This impacted them by improving social connectedness, reducing isolation and enabling our users to learn new skills and access training to becoming more economically Independent, in safe space that is encouraging and inclusive. Through our volunteering programme and gaining experience through helping at the organisation, three women have gone on to paid employment. We currently have over 24 volunteers, including board members. They help facilitate weekly activities and events during the year. This encourages women to take ownership of the organisation, whilst improving their confidence and skills and giving them practical experience which may be beneficial when applytng for jobs. Financial review Total income in the year was £208,714 and total expenditure £158,816 leaving a surplus of £49,898, (2023 surplus £45,887) Restricted reserves at the year end totalled £174,232 of which £70,619 were revenue reserves and the balance capital. The Trustees met throughout the year to look at any potential fÉnancial risk, to develop (and continuously review) the strategy for fundraising as well as mrtigating any risk from current funding streams comtng to an end. Investment powers and policy The trustees, having regard to the liquidity requirements of operating the charity, have kept available funds in an interest bearing account. Reserves policy and going concern The balance held in unrestricted reserves at 31 March 2024 was £248,256 of which £235,483 are free reserves, after allowing for funds tied up in tangible fixed assets, with £75,699 being designated. The trustees aim to maintain free reserves in unrestricted funds at a level which equates to approximately six months of charitable expenditure, currently £79,000. The trustees consider that this level will provide sufficient funds to respond to applications for grants and ensure that support and governance costs are covered. The Trustees consider, having regard to the budget for the next twelve months, that the charity is a going concern. st
MANCHESTER BANGLADESHI WOMEN'S PROJECT Risk management The trustees have conducted a review of the major risks to which the charity is exposed and systems have been established to mitigate those risks. Plans for Future Periods This year we have been continuing to work to transfer our charity's assets to a CIO. We have been working with an external consultant who has expertise in governance with third sector organisations. They are supporting us with developing long term sustainability. Our focus for future plans are for us to start the building work which had been put on hold due to the pandemic and issues around locating appropriate contractors that are willing to take on a project for a building works on a charity. The next two years we will focus on allocating resources to refurbish the building so that it is fit for purpose and execute this through meticulous planning and finding suitable funding through our reserves, CHEM and fundraising. We are also looking at developing a social enterprise, where we will upskill the women first on self employability, branding, marketing and other skills. Trustees responsibilities in relation to the financial statements The charity trustees are responsible for preparing a trustees, annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) The law applicable to charities in England and Wales requires the charity trustees to prepare financial statements for each year which give a true and farr view of the state of affairs of the charity and of the incoming resources and application of resources, of the charity for that period. In preparing the financial statements, the trustees are required to: Select suitable accounting principles and then apply them consistently. Observe the methods and principles in the applicable Charities SORP. Make judgments and estimates that are reasonable and prudent. State whether applicable accounting standards have been followed, subject to any material departures that must be disclosed and explained in the financial statements; Prepare the financial statements on a going concern basis unless it is appropriate to presume that the charity will continue in business. The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the f(nancial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports} Regulations, and the provision of the Trust deed. They are also responsible for safeguarding the assets of the charity and taking reasonable steps for the prevention and detection of fraud and other irregularities. Approved by tho trustees on 5th November 2024 and signed on their behalf by: Dr J Ahmed Chair of Trustees
INDEPENI)ENT EXAMINERS REPORT TO THE TRUSTEES OF MANCFIISTER BANCLADFSHI WOMIN'S PROJICT REGISTIRED CIIAIIITY NO. 1031)292 I I'eport 011 tlie accoLlllts of tlie cliaL"it),, for tlie Year Elided 31 March 20?4 wliicli are set out on pacjes 6 to 14. Respective Responsibilities of Trustees and Exaininer Tlie Lharity s tl"Lislees al'e respoiisible for tlie prepai"alioii ot" tlie accouiits. Tlie charity trustees consider that an aLidit is Iiot reqLllI'ed for tliis yeai" Linder sectioii144(2) of tlie Charities Act 2011 (tlie 201 l Acl) aiid tIiat ali iiidepeiideiit exaiiiiiicltioii is Iieeded. Tlie chai.ity is pi'epc21"ing acci.ued accouiits and I c1111 qLialified to Iiiidei'taLe Ilie exaiiiiiiatioii by bLiiigJ a qLialified mLinber of tlie Institute of Cliartei'ed ALcountaiits iii Eiiglaiid aiid WaIes. It is my responsibility to: exaiiiine tlie accouiits Liiidei. sectioii 145 of tlie 201 l Act. follow tlie procedLlI"es laid down iii the gLiiei'al Dii"ectioiis gJiveii by tlic Charity Coiiiiiiission uiider sLction 145(b) of tlie 201 l Acl. aiid state whethci" PcQl'ticular Iiiatlei's hcive coiiie to Iny atteiition. Basis of Independent Examiners Report My exaiiiination was cai"I"ied OLII in accordaiice with tlie Genei'al Directioiis giveii by the Cliarity Coiiiiiii ssioii. Ali exaii) iiiatioii iiicliides a I"eview of tlie accounliiig) recoi.ds kept by the cliarity aiid a coiiiparisoii of tlie accoLints preseiiled witli tliose I'ecords. 11 also iiicludes considei"alion of aiiy UIILISLial iteiiis oi" disclosLlI"es iii Ilie accoiiiits: aiid seekiiig explciiialioiis from you as trustees coiicei"niiig7 aiiy SLiclI Iiialtei's. l-lie pi'ocedLirLs Iindei'talceii do not pi'ovide all the evidence thal would be I"eqLllI"ed iii ali aLILlit, cliid coiiseqlieiiily 110 opiiiioii is g)iveii as to wlietliei" Ihe accolints pi-esLnt a "Ii"ue aiid fail" view" aiid the repoit is liiiiited to tliose Iiiattei"s set out in the statemeiit below, Independent Examiner's Statement Iii coniiection witli niy exainiiiatioii, no Inc?tter hc2S come to Iiiy atteiition: ( l ) Mihich gii/cs Iiie rLcisoiiabIe caLLse to belieiie Ihat 111 c111y malerial respect the reqLiiremeiits: lo Iceep accouiitiiig recoi.ds Iiave iii accoi"daiice witli sectioii l )0 of tlie ?01 I ALt; and to prepare accoLlllts whicli accoi"d witli tlie accoLlllting recoi.ds and to coniply witli tlie accountiiig reqLllI"eiiieiits of tlie ?0 I I ALt, Iiave Iiol bLen Iiiet. oi" (2) to which, iii niy opiiiion, atteiitioii sliould be drawii iii ordei" to Liiable a proper Liiiderstaiidiiig of the accouiits to be I'eaclied. E.L. Aiidei'son Date: 5 November 2024 Commiiiiit)i AccoLintancy sei.vice Ltd The Graiige, Pilgriiii Drive, Beswick, Maiicliester: M l13TQ
MANCHESTER BANGLADESHI WOMEN'S PROJECT STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024 Year Ended 31.3.24 Total Funds Year Ended 31.3.23 Total Funds Notes Unrestricted Restrtcted Funds Funds INCOME FROM: Fundraising & Donations Charitable Income Income from Trading Activities Bank Interest 1,653 19,036 4,199 3,703 1,653 199,159 4,199 3,703 1,194 195,092 2,385 1,066 (2) (3) 180,123 TOTAL 28,591 180,123 208,714 199,737 EXPENDITURE ON: Raising Funds Grants Made Charitable Activities {4) (5) (6) (903) (292) (1,195) (18,300) <18,300) (9,787) (129,534) (139,321) {992) (152,858) TOTAL (10,690) (148,126) (158,816) (153,850) NET INCOMING (OUTGOING) RESQURCES FOR THE YEAR 17,901 31,997 49,898 45,887 TRANSFER BETWEEN FUNDS (14) RECONCILIATION OF FUNDS Total Funds Brought Forward 230,355 142,235 372,590 326,703 Total Funds Carried Forward (14) 248,256 174,232 422,488 372,590 The statement of financial activities includes all gains and losses in the year. All incoming resources and resources expended derive from continuing activities. The notes on pages 9 to 14 form part of these accounts.
MANCHESTER BANGLADESHI WOMEN'S PROJECT BALANCE SHEET AS AT 31 MARCH 2024 2024 2023 Notes FIXED ASSETS Tangible Fixed Assets (10) 116,387 118,765 CURRENT ASSETS Debtors Cash at Bank and in Hand (11) 4,809 313,349 318,158 7,189 273,663 280,852 LIABILITIES: Amounts falling due within one year (12) (12,057) (27,027) 306,101 253,825 NET CURRENT ASSETS 422,488 372,590 ACCUMULATED FUNDS Restricted Unrestricted (14) (14) 174,232 248,256 142,235 230,355 422,488 372,590 Approved and signed on behalf of the Trustees Management Committee ) Joint Treasurer Mrs N Ahmad Joint Treasurer Mrs L Choudhury Date: 5th November 2024 The notes on pages 9 to 14 form part of these accounts.
MANCHESTER BANGLADESHI WOMEN'S PROJECT STATEMENT OF CASH FLOWS FOR THE YEAR ENDING 31ST MARCH 2024 Reconciliation of net movement in funds to net cash flow from operating activities 2024 2023 Net movement in funds Add back depreciation Deduct investment income Decrease/(increase) in debtors I ncrease/(decrease) in creditors 49,898 45,887 2,378 2,378 (3,703) (1,066) 2,380 (5,661) (14,970) (15,862} Net cash used in operating activities 35,983 25,676 Cash flows from investment activities: Interest 3,703 1,066 Net cash provided by investing activities 3,703 1,066 Increasel(decrease) in cash and cash equivalents during the year 39,686 26,742 Cash and cash equivalents brought forward 273,663 246,921 Cash and cash equivalents carried forward 313,349 273,663
MANCHESTER BANGLADESHI WOMEN'S PROJECT NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 1. ACCOUNTING POLICIES (a) Basis of preparation and assessment of going concern The accounts (ftnancial statements} have been prepared under the historical cost convention with items recognised at cost or transaction value unless othenvise stated in the relevant notes to these accounts. The financial statements have been prepared in accordance with the Statement of Recommended PractÉce: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) January 2019 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011. The charity constitutes a public benefit entity as defined by FRS 102. The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern. (b) Funds structure Restricted funds are funds which are to be used in accordance with specific restrictions imposed by the donor or trust deed. There are 16 restricted funds at the year end. Unrestricted income funds comprise those funds which the trustees are free to use for any purpose in furtherance of the charitable objects. Unrestricted funds include designated funds where the trustees, at their discretion have created a fund for a specific purpose. Further details of each fund are disclosed in note 14. (c) Income recognition All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably. Donatrons are recognised when the charity has been notrfied in writrng of both the amount and settlement date. In the event that a donation is subject to conditions that require a level of performance before the charity is entitled to the funds, the income is deferred and not recognised until erther those conditions are fully met, or the fulfilment of those conditions is wholly within the control of the charity and it is probable that those conditions will be fulfilled in the reporting period. Interest on funds held on deposit is included when receivable and the amount can be measured refiably by the charity. this is normally upon notification of the interest paid or payable by the bank. (d) Expenditure Recognition Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that settlement will be required and the amount of the obligation can be measured reliably. All expenditure is accounted for on an accruals basis, All expenses including support costs and governance costs are allocated or apportioned to the applicable expenditure headings. For more information on this attribution refer to note (fj below. (e) Irrecoverable VAT Irrecoverable VAT is charged against the expenditure heading for which it was incurred. (f) Allocation of support and governance costs Support costs have been allocated between governance costs and other support costs. Governance costs comprise all costs involving the public accountability of the charity and its complÉance with regulation and good practice. These costs include costs related to independent examinatron and legal fees together with an apportionment of overhead and support costs. Governance costs and support costs relating to charitable activities have been apportioned based on staff time and facilities used in each activity. The allocation of support and governance GOStS Is analysed in note 7. {g) Charitable Activities Costs of charitable activities include governance costs and an apportionment of support costs as shown in Note 6. The charity made 61 grants to individuals to help with the cost of living crisis, Note 5. (h) Debtors Trade and other debtors are recognised at settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
MANCHESTER BANGLADESHI WOMEN'S PROJECT NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 10 (i) Creditors and Provisions Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probabfy result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowFng for any trade discounts due. (j) Tangible fixed assets and depreciation Fixed assets are included in the accounts at net book value. Additions of a single item or a group of similar assets exceeding £500, are capitalised at cost (valuation for donated assets) Depreciation is provided to write off the cost less the estimated residual value of tangrble fixed assets over their estimated useful lives as follows:_ Long Leasehold Buildings 2% oncost Computer & Office Equipment 20 % on cost Fixtures & Equipment 200/0 on cost Long leasehold land is not being dereciated on the basis it does not have a limited useful life. The charity, being a public benefit entity, does not consider that it holds the buFldings as an investment. Areas not used directly by the charity are let or hired to other public benefit organisations, specifically those offering education and charitabfe services, at rates that aim to cover the running costs of the facilities over time. The fair value of any investment component cannot be measured reliably. The building and improvements are therefore stated at cost less accumulated depreciation. (k) Taxation The organisation is exempt from income tax by reason of its charitable status. Income tax suffered on investment income is reclaimed in full. The Charity is not currently registered for VAT. (l) Pensions The charity has an auto enrolment pension scheme. Contributions are charged against expenditure as they fall due. The charity has no liabrlity beyond making its contributions and paying across the deductions for the employees, contributions. (m) Contingent liabilities A contingent liability is rdentified and disclosed for those transactions resulting from a possible obligation which will only be confirmed by the occurrence of one or more uncertain future events not wholly within the trustees, control. (n) Independent Examiner's Remuneration Total 2024 Total 2023 Independent Examination Other Financial Servrces 996 1,360 996 1,037 2 INCOME FROM CHARITABLE ACTIVITIES Unrestricted Restricted Funds Funds Total 2024 Unrestricted Restricted Funds Funds Total 2023 Our Manchester VCS Heritage Lottery Fund MACC- Cost of Living Grant MCC Covid Support Opens Community Champions BME Community Network NHS Manchester Membership Fees & Activities Speaker Fees, Articles & Consulta Partnership Payments 99,990 36,192 40,625 99,990 36,192 40,625 16,320 71,767 5,837 71,767 5,837 16,320 29,727 29,727 29,201 7,500 42,900 5,751 500 1,909 1,909 119,285 195,092 29,201 7,500 42,900 3,206 500 2,716 3,316 6,032 2,545 19,036 180,123 199,159 75,807
MANCHESTER BANGLADESHI WOMEN'S PROJECT NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 11 3 INCOME FROM OTHER TRADING ACTIVITIES Unrestricted Restricted Funds Funds Total 2024 Unrestricted Restricted Funds Funds Total 2023 Room Hrre & Refreshments Interpreting Other 4,199 4,199 1,900 450 35 2,385 1,900 450 35 2,385 4,199 4,199 4 EXPENDITURE ON RAISING FUNDS Unrestricted Restricted Funds Funds Total 2024 Unrestricted Restricted Funds Funds Total 2023 Employment Costs Fundraistng Expenses 903 903 292 1,195 722 270 992 722 270 992 292 292 903 5 GRANTS MADE Cost of Living Grants (61) 18,300 18,300 18,300 18,300 EXPENDITURE ON CHARITABLE ACTIVITIES Unrestricted Restricted Funds Funds Total 2024 Unrestricted Restricted Funds Funds Total 2023 Employment Costs Training Travel & Other Expenses DBS Checks Freelance & Sessional Work Partner Payments Participant Costs Project Activities Support Costs Governance Costs 99,353 168 87 183 410 220 99,353 168 91 244 470 2,920 13,610 86,376 99,986 61 60 2,700 1,600 12,583 1,600 12,733 750 7,589 8,548 24,777 25,572 3,664 3,664 136,594 152,858 150 750 959 795 2,351 2,974 1,637 9,787 5,202 19,264 4,647 129,534 7,553 22,238 6,284 139,321 16,264 ALLOCATION OF GOVERNANCE AND SUPPORT COSTS General Support Total 2024 General Support Total 2023 Governance Governance Employment Costs Premises Costs Repairs & Maintenance Telephone & Broadband Print, Post & Stationery Insurance IT Support,Software & Minor EquiF Website Payroll Costs Consultancy Depreciation Bank Charges Interest Paid Sundry Trustee Meetings & AGM Costs Ananna Expenses Accountancy 5,035 4,710 3,333 934 580 2,467 1,726 36 1,000 1,259 523 6,294 5,233 3,333 934 580 2,467 1,726 36 1,000 2,698 2,378 209 7,140 5,590 3,786 925 841 2,125 1,714 36 1,037 1,785 621 8,925 6,211 3,786 925 841 2,125 1,714 36 1,037 2,698 2,378 2,378 2,378 212 209 212 36 36 239 360 996 28,522 239 360 996 6,284 50 50 996 3,664 22,238 996 29,236 25,572
MANCHESTER BANGLADESHI WOMEN'S PROJECT NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 8 STAFF COSTS 12 2024 2023 Wages and Salaries Employers National Insurance Pension Costs 102,896 106,222 1,726 1,522 1,928 1,889 106,550 109,633 The charity considers its key management personnel comprises the trustees and the Centre manager. The total employment benefits, including employer pension contributions of the key management personnel were £25,714 (2023 £21,262). No employee has benefits in excess of £60,000 The average number of employees, working on a part time or sessional basis, analysed by function was: Services Management & Administration Estimated Full trme Equivalent 4 9 TRUSTEES. REMUNERATION AND EXPENSES No remuneration was paid directly or indirectly out of the funds of the charity to any trustee or to any persons known to be connected with them. No reimbursement of expenses has been made or is due to be made to any of the trustees in respect of the period. 10 FIXED ASSETS Leasehold Leasehold Fixtures & Office Land Buildings Equipment Equipment COST As at 1 st April 2023 Additions As at 31 March 2024 Total 57,000 112,436 5,042 4,682 179,160 57,000 112,436 5,042 4,682 179,160 DEPRECIATION As at 1 st April 2023 Charge for year As at 31 March 2024 50,792 2,258 53,050 5,042 4,561 120 4,681 60,395 2,378 62,773 5,042 NET BOOK VALUE As at 31 March 2024 As at 31 March 2023 57,000 57,000 59,386 61,644 116,387 121 118,765 11 DEBTORS 2024 2023 Other Debtors Prepayments 1,688 3,121 4,809 3,121 1,688 4,809 4,920 2,269 7,189 3,750 3,439 7,189 Restricted Funds Unrestricted Funds 12 LIABILITIES: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Bank Current Account Other Creditors Deferred Income Third Party Grants Held (Ardwick & Longsight Mutual Aid Group) Accruals 4,507 774 650 953 17,512 5,000 2,912 27,027 22,512 4,515 27,027 5,000 1,776 12,057 5,000 7,057 12,057 Restricted Funds Unrestricted Funds The bank current accoLtnt has a sweep function whereby funds are transferred from a deposrt account on a daily basis. At any point in time cheques issued may not have been presented resulting in a credit balance when a reconciliation is performed, as the sweep is only activated when a transaction is cleared.
MANCHESTER BANGLADESHI WOMEN'S PROJECT NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 13 DEFERRED INCOME 13 2024 2023 Deferred income comprises grants and commissioned services in advance Balance brought forward Released in Year Balance as carried fomard 17,512 28,385 (17,512) (10,873) 17,512 14 MOVEMENT IN FUNDS OF THE CHARITY Balance 1 April 2023 Balance 31 March 2024 Incoming Transfers Outgoing Restricted Funds." Manchester City Council - Lunch Group Opens BAME Holistic Mental Health Support BME Network & Covid Support Our Manchester VCS Gr Mcr NHS Foundation Trust Heritage Lottery Fund MACC Cost of Living Grants Members Trips Partnership Payments - First 100 Days 752 3,794 1,816 6,136 20,618 1,015 (105> 752 (3,794) 1,816 6,136 22,380 1,015 13,305 22,325 2,890 99,990 (98,228) 36,192 40,625 3,316 (22,782) (18,300) (471) (2,757) (146,332) 45 2,757 36,828 Restricted Capital Funds.. National Lottery Tudor Trust English Partnership-Land English Partnership-Building Lankelley Foundation Children In Need Manchester City Council- CAS-H Awards for All 180,123 70,619 14,414 7,800 57,000 4,001 4,262 13,340 2,022 2,568 105,407 142,235 (554) (300) 13,860 7,500 57,000 <154) 3,847 (164) 4,098 (460) 12,880 (71) 1,951 (91) 2,477 (1,794) 103,613 (148,126) 174,232 TOTAL Unrestricted Funds." Designated Funds - Covid adaptations & building maintenance Designated Funds - development of cellar General Unrestricted Capital Funds TOTAL 180,123 16,437 60,000 140,561 13,357 230,355 372,590 (738) 15,699 60,000 (9,368) 159,784 (584) 12,773 (10,690) 248,256 (158,816) 422,488 28,591 28,591 208,714 Details re funds: Restricted Funds.. Contrrbution Towards". Our Manchester VCS Opens general running costs of the charity. Gr Mcr NHS Foundation Trust towards the Opens project Heritage Lottery Fund towards a wellbeing and gardening project MACC Cost of Living Grants towards a part time Project Co-ordinator, training, workshops and exhibition Restricted Capital Funds.- grants to individuals to help wrth cost of living Nationaf Lottery - grant towards the purchase of premises for the project. Tudor Trust - grant towards the purchase of premises for the project. English Partnerships - grant towards the cost of construction work. Lankelley Foundation - part of the grant was used for leasehold refurbishments. Children In Need - towards extension of the creche. Manchester City Councif- CAS-H - towards replacing windows Awards for All towards hinges, back waif, fire alarm etc.The balance carried fomard is the book value of assets stiif to be depreciated. The outgoing charge represents deprecration on capital assets. Designated Funds." The reseroes are towards non-routine premises costs and a fund to be used to develop the cellar..
MANCHESTER BANGLADESHI WOMEN'S PROJECT NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 14 MOVEMENT IN CHARITY FUNDS cont... Previous Year: 14 Balance 1 April 2022 Balance 31 March 2023 Incoming Transfers Outgoing Restricted Funds: Manchester City Council - Lunch Group Opens BAME Holistic Mental Health Support BME Network & Covid Support Our Manchester VCS Gr Mcr NHS Foundation Trust Heritage Lottery Fund Members Trips Partnership Payments - First 100 Days 752 12,050 1,816 3,836 25,990 1,015 752 3,794 1,816 6,136 20,618 1,015 (105) 45 2,757 36,828 29,727 (37,983) 7,500 71,767 (5,200) <77,139) 5,837 2,545 1,909 119,285 (5,942) (2,500) <6,004) (134,768) 6,852 52,311 Restricted Capital Funds. National Lottery Tudor Trust English Partnership-Land English Partnership-Building Lankelley Foundation Children In Need Manchester City Council- CAS-H Awards for All 14,968 8,100 57,000 4,155 4,426 13,800 2,093 2,691 107,233 159,544 (554) (300) 14,414 7,800 57,000 (154) 4,001 (164) 4,262 (460) 13,340 (71) 2,022 (123) 2,568 (1,826) 105,407 (136,594) 142,235 TOTAL Unrestricted Funds: Designated Funds - Covid adaptations & building maintenance Designated Funds - development of cellar General Unrestricted Capital Funds 119,285 16,437 60,000 76,781 13,941 167,159 326,703 16,437 60,000 (493) 104,879 {r)84) 13,357 {1,077) 194,673 (137,671) 336,908 28,591 TOTAL 28,591 147,876 15 ANALYSIS OF NET ASSETS BETWEEN FUNDS Fixed Assets Net Current Assets 2024 Total Fixed Assets Net Current Assets 2023 Tota I RESTRICTED FUNDS. RESTRICTED FUNDS {CAPITAL) UNRESTRICTED FUNDS: TOTAL FUNDS 70,619 70,619 103,613 248,256 422,488 103,613 12,773 116,386 36,828 36,828 105,407 216,997 230,355 253,825 372,590 105,407 13,358 118,765 235,483 306,102 16 GOING CONCERN The charity's matn source of income is grant funding and rental income. The trustees consider that it is appropriate to prepare the accounts on a going concern basis and, consequently, the accounts do not incfude any adjustments that would be necessary if the funding income should cease. 17 POST BALANCE SHEET EVENTS The Trustees do not consider that there have been any events since the balance sheet date that significantly impact on the financial statements as presented. 18 FINANCIAL INSTRUMENTS The charity only has financial assets and liabilities of a kind that qualify as basic financial instruments.Basic financial instruments are initially recognised on a transaction value and subsequently measured at their settlement value wrth the exception of bank loans which are subsequently measured at an amortised cost using the effective interest method.
MANCHESTER BANGLADESHI WOMEN'S PROJECT TRADITIONAL INCOME & EXPENDITURE ACCOUNT YEAR ENDED 31 MARCH 2024 (for management purposes only) 15 Income.. Grants and Contracts: Our Manchester VCS Heritage Lottery Fund MACC - Cost of Living Grant MCC Covid Recovery NHS Manchester BME Communrty Network Community Champions Opens 2024 2023 99,990 36,192 40,625 16,320 71,767 5,837 42,900 7,500 29,201 29,727 186,932 193,127 Interpreting Partnership Payments Bank Interest Speaker Fees, Articles & Consultation Fees Room Hire & Refreshments Donations Fundraising Memberships Members Trips Members Events Sundry Income 450 1,909 1,066 500 1,900 60 1,134 2,765 2,545 441 35 199,737 3,703 4,199 87 1,566 2,716 3,316 208,714 Expenditure.. Employment Costs Training Travel & Other Expenses DBS Costs Freelance & Sessional Work Grants Made - Cost of Living Partnership Payments Participant Costs Premises Costs Repairs & Maintenance Project Activities & Events Telephone & Broadband Printing, Postage & Stationery Insurance Accountancy Ananna expenses Trustee Meetings & AGM Costs IT Support, Software & Minor Equipment Website Fundraising Expenses Bank Charges Payroll Costs Consultancy Sundry Interest Paid Depreciation 106,550 168 91 244 470 18,300 2,920 109,633 1,600 12,733 750 6,211 3,786 8,548 925 841 2,125 996 5,233 3,333 7,553 934 580 2,467 996 360 239 1,726 36 292 209 1,000 2,698 36 50 1,714 36 270 212 1,037 2,378 2,378 Surpfus / ( Deficit ) for the Year 158,816 49,898 153,850 45,887