MANCHESTER BANGLADESHI WOMEN'S PROJECT REGISTERED CHARITY NUMBER: 1030292 FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 MANCHESTER BANGLADESHI WOMEN'S PROJECT FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Pages Index Trustees Annual Report Independent Examiners Report Statement of Financial Acttvities 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 31st March 2025 The trustees present their annual report and financial statements of the charity for the year ended 31st Mar¢h 2025. 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 Applicable 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 Trustees (at the date the report is approved) Chair Dr J Ahmed Vice Chair Dr S Sobhani Treasurer Mrs L Choudhury Joint Treasurer Mrs N Ahmad Secretary Mrs P Begum Community Liaison Officer Mrs T Doly ServFce User Representative Mrs R Pasha Co-ordinator Hasina Eslam Principal Office 360 Dickenson Road, Longsight Manchester, M13 ONG Independent Examiners Hilton Jones Ua Community Accountancy Serdice Hollinwood Business Centre Albert Street Oldham OL8 3QL 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 26TtrI 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 provtdes for a maximum of 8 trustees.at the monthly trustee meetings, the trustees agree the broad strategy and areas of acttvity 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. Trustee induction and training MANCHESTER BANGLADESHI WOMEN'S PROJECT Trustees are gsven a stafflvolunteer's handbook when they start as a Trustee. This contains an overview of policies and where to find them. We are curreiitly reviewing our Trustee recruitment, retention and induction process. ObJe¢tlves 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 LocaF 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 improvtng the condition of life with the particular attention for the said women. The trustees confirm 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 actÉvities, support, information and signposting particularly for disadvantaged woinen that are victims/survivors of domestic abuse or mental ill health, Review of Activities In 2024125 we did this through providing our core activities and community development work. The activities we provide are done through consultation with women who regularly attend the centre and access services, Our foundation is based on the ethos of continuous coproduction reflectÉng the changing needs and demographics of the local Bangladeshi community. The following is a summary of key actÈvEties, which included Drop in informationlsignposting 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 Employability. Classes are facilitated to encourage women who are not comfortable accessing mainstream classes to attend and to be a way of easing women into education and to guide them in to gaining the confidence to go to other centres for courses. We have provtded peer support and sociaE engagement activities, where we have hosted weekly coffee mornings for women with tll mental health andlor those who are socially isolated. We have provided weelcly lunch club for over 50's and those suffering from enduring mental health, long term health Èssues, carers and survivorslvictims 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 diabetes, Alzheinier's, thyroid 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 dectded as a group to continue online. There has been an increase in real life meet ups and gatherings which we have hosted at the office. The carers bring in a dish each and this is a time for them to catch up and socialise, We continued our partnerships with local organisations and delivered creative sessions, art therapy, information and awareness and also statutory organisations, health bodies and educational institutions have approached us to gauge information to influeiice policy change and addressing Important issues. We have engaged with young and older women and girls as part of the intergenerational project funded by NHLF. Where we upskilled young girts in recording oral historÉes from the older women. This project culminated in an event held at CentraE Library, where both older women and young girls, read haikus and performed cultural folk dances, We have led the Bangladeshi Sounding Board for CHEM, this has glven us the opportunlty to relay the health inequalitÉes faced by the Bangladeshi community and to engage with health Services and public health to ensure services are culturally appropriate. MANCHESTER BANGLADESHI WOMEN'S PROJECT Our community development work included - Providing one to one practical and emotional support and advocacy for women who suffer from enduring mental health issues and have limited or minimal family support or no social circles. Providing outreach to marginalised, housebound women, who may not be engaging in mainstream seNices as they are not culturally appropriate, to prevent crisis and to provide some initial appropriate crisis support. Worklng in partnership with local organisations to deEtver seNices, with a common objectÉve to alleviate social issues, such as housing, domestic abuse, social isolation and health inequalities. Our ongoing volunteering SGheme has upskilled women and given them an opportunity to gain experience, make new friends and also encourage them to enter paid employment, which many of our volunteers have done. Continuing to participate and work with statutorylpublic sector organisations to engage in relevant healthlsocial research projects, such as: We have been working with CHEM (Community Health Equity Manchester) NHS, PublÉc 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 serrfices 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 institutlons. The project was concluded with an event held at Central Library, Our mental health coffee morning, carers group and lunch club have contrnued, 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 550 women this year, who are disadvantaged andlor vulnerable, to improve their life outcomes throLJgh access to better information/advocacy around housing, welfare issues, employment, volunteering, education, health and training. As well as providing access for social conne¢tion, through trips, celebrations, events and ensuring the centre is a safe space for women to come and socÈalise and meet others, Ananna improved the wellbeing of almost 450 local women who partook in health sessions, social 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. Throijgh our volunteering programme and gaining experience through helping at the organisation, three women have gone on to paid employment. We currently have over 30 volunteers, including board members. They help facilitate weekly activities, such as coffee morning, lunch cEub, gardening project and events during the year. This encourages women to take Gwnership of the organisation, whilst improving their confidence and skills and giving tliem practFcal experience which may be beneftcial when applying for jobs. Investment powers and policy The trustees, having regard to the liquidity requirements of operatÉng the charity, have kept available funds in an Interest-bearing account. Reserves policy and going concern The balance held in unrestricted resewes at 31 st March 2025 was £262,595 of which £250,286 are free reserves, after allowing for funds tied up in tangible fsxed assets, with £75,699 being designated. MANCHESTER BANGLADESHI WOMEN'S PROJECT The trustees aim to maintaÉn free reserves in unrestricted funds at a level which equates to approximately six months of charitable expenditure, currently £71,000. The trustees consider that thts level wilt provide sufficÉent 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 chartty is a going concern, 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 We have continued to work in transferring to a CIO, we are at the last stage of the process, which is the legal transfer of the building from the charity trustees to the CIO. Our future plans include the retrofitting, adaptation and reduciiig our carbon footprint by renovating the building. We want to change the building so it is fit for purpose and can accommodate the activities we have, as currently we have had to reduce classes as we do not have the space to do so. But keeping in mind how the building can be energy efficient and be committed to net zero. 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 fair view of the state of affairs of the charity and of the incoming resources and application of resources, of the charity for that period. I n 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 applicabEe 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 ts appropriate to presume that the charity will continue in business. The trLlStees are responsible for keeping proper accounting records that dÉsclose with reasonable accuracy at any time the financial position of the charity and to enable thery) to ensure that the financial statements comply with the Charities Act 2011, the appEÈcable Charities (Accounts and Reports) Regulations, and the provision of the Trust deed. They are also responsible for safeguarding the assets of the charity and takFng reasonable steps for the prevention and detection of fraud and other Érregularities. Approved by the stees on 191h Octobei. 2025 and signed on their beh21f by: Dr J Ahmed Chair of Trustees INDEPENDENT [4 XAMINERS REPORT TO THE TRUSTEE4 S OF MANCHESTER BANGLADEI,SHI WOME4 NYS PROJECT REGISTERED CHARITY NO. 1030292 I I'epoit on the accounts of the chai'ity, foi. the Yeai, Ended 31 ' Mai'ch 2025 whicli are set oiit on pages 6 to 14. Respective Responsibilities of Trustees and Examiner The chai'ity's ti'ustees are I'esponsible foi" the pi'epai'ation of the accounts. The charity trustees Colisider that an audit is not I'equired for tliis year undei. section 144(2) ot, the Chai'ities Act 2011 (the 201 l Act) aiid that an iiidepeiident examiiiation 18 needed. Tlie chai'ity is pi'epai'iiig acci'ued accounts and l am qualified to uiideittake tlie examinatioii by being a qiialified Inember of the Association of Cliaitiered Cei'tified Accountants in England and Wales. It is my I'esponsibility to: ex￿nille the accounts uiidei, section 145 of the 201 l. Act, follow the pi'ocedui'es laid down in tlie geiiei'al Directioiis givLii by Ihe Chai'ity Commission uiider section 145(b) of the 2011 Act; and state whetliei. pai'ticul¢2r mattel's have coiiie to my atteiition, Basis of Iiidependent xailliiiers Report My examination was caii'ied out in accoi'dance with the General Dii"ections given by tlie Charity Commission, An exaiiiination incliides a I'eview of the accounting recoi'ds kept by the charity and a conipai.ison of the accounts pi'esented with those I'ecoi'ds, It also incliides Lonsideiation of any uniisual items or disclosui'es in th,e accounts and seelcing explanations from you as ti'iistees concei'ning any sucli Inattei's. Tlie pi'ocedurLs undeitakeii do not provide all the evidence tliat would be I'equired in an £iiidit, and conseqiiently no opinion is given as to whethei" the accounts pi'esent a "true and fail. view" and the I'epoi't is limited to those niattei's set out in the statellieiit below. Independent Exainillei s Statement In connection with Iiiy exainination, no mattel, lias coine to my atteiition: (l ) which gives me I'easonable cause to believe that iii any Inatei'ial respect tlie reqLllI'ements: to keep accouiiting I"ecords Iiave in accoi"dance witli seLtioii 130 of t.he 2011 Act; and to pi'epare accoliiits which accoi'd witli tlie accounting rLcoi'ds and lo comply with the accoiinting I"equii'eineiits of the 2011 Act, Iiave not been met; oi, (2) to which, iii niy opiiiioii, atteiition sliould be di'awii iii oi'dei, to enable a pi'opei. undei'staiiding of the accounts to be l'eached. Signed: Janies Hilton Jones Hiltoii Jones t/a Con)rnuiiity AccoLI.ntaiicy Sei'vice Holli11wood Business Centi"e, Albei"t Sti'eet, Oldliam, OL8 3QL Dic te: 19 Octoliei. 2025 MANCHESTER BANGLADESHI WOMEN'S PROJECT STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025 Year Ended 31,3,25 Total Funds Ye (379) (1,727) (44,700) (44,700) (12,955) (127,211) (140,166) (1,195) (18,300) (139,321) TOTAL 14,303 172,290 186,593 158,B16 NET INCOMING (OUTGOING) RESOURCES FOR THE YEAR 14,339 (39,616) (25,277} 49,898 TRANSFER BETWEEN FUNDS (14) RECONCILIATION OF FUNDS Total Funds Brought Forward 248,256 174,232 422,488 372,590 Total Funds Cari'ied Foward 114) 262,595 134,616 397,211 422,488 The statement of financial activities tnclLides all galns and losses in tlie year. All incoming resources and resources expended derive from continLfing activities. The notes on pages 9 to 14 form part of these acGounts. MANCHESTER BANGLADESHI WOMEN'S PROJECT BALANCE SHEET AS AT 31 MARCH 2025 2025 2024 Notes FIXED ASSETS Tangible Fixed Asspts (10) 114,129 116,387 CURRENT ASSETS Debtors Cash at Bank and in Hand (11) 2,533 287,685 290,198 4,809 313,349 318,158 LIABILITIES: Amounts falEing due wilhln one year (12) 7,116 12,057 283,082 306,101 NET CURRENT ASSETS 397,211 422,488 ACCUMULATED FUNDS Restricted Unrestricted {14) (14) 134,616 262,595 174,232 248,256 397,211 422,488 Approved and signed on behalf of the Trustees Management Committee Joint Treasurer Mrs N Ahmad ) Joint Treasurer Mr8 L Choudhury Date: 19th October 2025 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 2025 Reconciliatlon of net movement in funds to net cash flow from operating activlties 2025 2024 Net movement in funds Add back depreciatton Deduct investment income Decreasel(Éncrease) in debtors Increase/(decrease) Én creditors (25,277) 49,898 2,2Jf8 2,378 (4,027) (3,703) 2,276 2,380 (4,941) (14,970) Net cash used in operating activities 29,711 35,983 Cash flows from investment activities: Interest 4,027 3,703 Net cash provided by investing activities 4,027 3,703 IncreaseJ(decrease) in cash and cash equivalents during the year (25,684) 39,686 Cash aiid cash equivalents brought foNvard 313,349 273,663 Cash and cash equlvalents carrfed forward 287,665 313,349 MANCHESTER BANGLADESHI WOMEN'S PROJECT NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 1. ACCOUNTING POLICIES (a) Basis of preparation and assessment of going Goncern The accounts (fFnancial statements) have been prepared under the historical cost convention with items recognlsed at cost or transaction value unless otherwlse stated in the relevant notes to tliese accounts. The financial statements have been prepared in accordance with the Statement of Recommended Practice; Accounting and ReportÉng by Charitles 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 uncert8énties about the charity's abslity to conlinue as a going concern. (b) Funds structure Restricted funds are funds which are to be used in accordance with specific restrictions Fmposed 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 theÈr dÉscretion have created a fund for a speGific purpose. Further details of each fund are disclosed in note 14. (c) Income recognition AIE Income is recognised once the charity has entitEement to the income, it is probable that the Income will be received and the amount of income receivable can be measured reliably. Donations are recognised when the charity has be@n notified in writing of both the amount and settlemenl date. In the event that a donation is subject to conditions that requlre a level of performance before the charity Is entitled to the funds, the Income is deferred and not recogiilsed until either those conditions are fuEly met, or the fulfilment of those Gondltlons is wholly wlthin the control of the charity and It Is probable that those conditions will be fulfilled In the reportlng period. Interest on funds held on deposit is fncluded when recelvable and the amount can be measured reliably by the chartty; Ihis ts normally upon notification of the Interest paid or payable by the bank. (d) Expendlture Recognition Liabilities are recogiiised 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 relrably. All expenditure is accounted for on an accruals basis. All expenses includtng support costs and governance costs are allocated or apportioned to the applicable expenditure headings. For more information on this attribution refer to note (Q below. (e) Irrecoverable VAT Irrecoverable VAT is charged against the expenditure heading for whiGh it was Incurred. (f) Allocatlon of support and governance costs Support costs have been alloGated bebNeen governanGe costs and other support costs. Governance costs comprlse all costs involving the public accountability of the charity and its compliance with regulation and good practice. These costs include costs related to independent examinalion and legal fees together with an apportionment of overhead and support costs. Governance costs and support costs relatFng to charltable activitles have been apportioned based on staff time and faGililies used in eaGh aGtivity, The allocation of support and governance cosls is analysed in note 7, (g) Charitable Activities Costs of charitable activities include governance costs and an apportioiiment of sijpport costs as shown in Note 6. The charity made 157 grants to individuals to help with the cost of living crlsls, Note 5. (h) Debtors Trade and other debtors are recognlsed at setllement amount diie after any trade discount offered, Prepayments are valued at the ainount prepaid net of any trade discounts due, MANCHESTER BANGLADESHI WOMEN'S PROJECT NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 10 (i) Credltors and Provisfjons Credttors and provisions are recognised where the charity has a present oblFgalion resulting from a past event that will probably 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 tlieFr settlement amount after allowing for any trade d6scounts due. ti) 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 capilalised at cost (valuation for donated assets). Depreciation is provided to write off the cost less the estimated residual value of tangÉble fixed assets over their estimated useful lives as follows:_ Long Leasehold Buildings 2'/o on cost Computer & Offlce Equipment 20 % on cost Fixtures & Equlpment 20% on cost Long leasehold land is not being dereciated on the basis it does not have a Ilmited useful life. The charlty, being a public benefit entity, does not consider that it holds the buildiiigs as an investment. Areas not used directly by the charity are let or hired to other PLiblic benefit organisatlons, specÈfically those offering education and charitable services, at rates that aim to cover the running Costs of the facilittes over time. The falr value of any inveslment component cannot be measured reliably. The building and improvements are therefore stated at cost less accvmulated depreciation, (k) Taxatlon 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 CLirrently reqistered for VAT. (l) Pensions The chartty has an auto enrolment pension scheme, Contrlbutions are charged against expenditure as they fall due. The charity has no Ilability beyond niaking its contributions and paytng across the deductions for the @mployees, contrlbutlons. (m) Contingent liabilities A contingent Ilability is identified and dÈsclosed for those transactions resulting from a possible obligation whlch will only be confirmed by the occurrence of one or more uncertain future events not wholly withln the trustees, control. {n) Independent Examiner's Remuneration Total 2025 Total 2024 Independent Examination other Financial Services 996 1,196 996 1,360 2 INCOME FROM CHARITABLE ACTIVITIES Unrestricted Restricted Funds Funds Total 2025 Unrestiicted Restricted Funds Funds Total 2024 Our Manchester VCS 14erltage Lottery Fund MACC- Cost of Living Grant MCC Covid Support Membership Fees & Activities 99,990 4,654 25,800 99,990 4,654 25,800 16,320 3,235 149,999 99,990 36,192 40,625 99,990 36,192 40,625 16,320 3,316 6,032 180,123 199,159 16,320 3,235 19,555 16,320 2,716 19,036 130,444 MANCHESTER BANGLADESHI WOMEN'S PROJECT NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 11 3 INCOME FROM OT,HER TRADING ACTIVITIES Unrestricted Restricted Funds Funds Total 2025 U nrestricted Restricted Funds Funds Total 2024 Room Hire & Refreshments Other 4,815 141 4,956 4,815 141 4,956 4,199 4,199 4,199 4,199 4 EXPENDITURE ON RAISING FUNDS Unrestricted Restricted Funds Funds Total 2025 Unrestricted Restrtcted Funds Funds Total 2024 Employment Costs Fundraising Expenses 1,348 1,348 379 1,727 903 903 292 1,195 379 379 292 292 1,348 903 5 GRANTS MADE Cost of Llvlng Grants (61) 44,700 44,700 44,700 44,700 18,300 18,300 18,300 18,300 EXPENDITURE ON CHARITABLE ACTIVITIES Unrestricted Restricted Funds Funds Total 2025 Unrestricted Restricted Funds Funds Total 2024 Employment Costs Training Travel & Other Expenses DBS Checks Freelance & Sessional Work Partner Payments Project Activities Support Costs Governance Costs 94,748 94,748 99,353 99,353 168 168 87 91 183 244 410 470 220 2,920 5,202 7,553 19,264 22,238 4,647 6,284 129,534 139,321 24C) 246 61 60 2,700 2,351 2,974 1,637 9,787 3,423 2,400 8,505 11,174 6,715 127,211 3,423 2,400 8,505 23,529 7,315 140,166 12,35J 600 12,955 ALLOCATION OF GOVERNANCE AND SUPPORT COSTS General Support Total 2025 General Support Total 2024 Governance Governance Employment Costs Premisos Costs Repairs & Maintenance TeFephone & Broadband Prinl, Post & Stationery Insurance IT Support,Software & Minor Equip Website Payroll Costs Consultancy Depreciation Bank Charges Interest Pald Sundry Trustee Meetings & AGM Costs Ananna Expenses Accountanoy 4,779 4,752 3,625 1,047 821 3,078 2,153 503 528 5,282 5,280 3,625 1 ,047 821 3,078 2,153 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 1,016 1,016 4,600 2,258 205 4,600 2,698 2,2Jf8 2,378 205 209 36 36 239 360 996 28,522 303 180 996 7,315 303 180 996 30,844 239 360 996 6,284 23,529 22,238 MANCHESTER BANGLADESHI WOMEN'S PROJECT NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 12 8 STAFF COSTS 2025 2024 Wages and SaEaries Employers National Insurance Penslon Co8ts 97,622 102,896 1,846 1,726 1,910 1,928 101,378 106,550 The charity considers its key managemerit personnel comprises the trustees and the Centre manager. Tho total employment benefits, incfuding employer pension contrlbutions of the key management personnel were £29,335 (2024 £25,714), No employee has benefits tn excess of £60,000 The average number of employees, working on a part time or sessional basFs, analysed by function was: Services Management & AdininistratÈon Estimated Full time Equivalent = 4 9 TRUSTEES, REMUNERATION AND EXPENSES No remuneratÈon was paid directly or indirectly out of the funds of the charity to any trustee or to any persons known to be connected witli 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 Land Leasehold Fixtures & Office Buildings Equipment Equipment Total COST As at 1 st April 2024 Additions As at 31 March 2025 57,000 112,436 5,042 4,682 179,160 57,000 112436 5,042 4,682 179,160 DEPRECIATION As at 1st April 2024 Charge for year As at 31 March 2025 53,050 2,258 55,308 5,042 4,681 62,773 2,258 65,031 5,042 4,681 NET BOOK VALUE As at 31 March 2025 As at 31 March 2024 r7,000 57,000 57,128 59,386 114,129 116,387 11 DEBTORS 2025 2024 other Debtors Prepayments 1,688 3,121 4,809 3,121 1,688 4,809 2,533 2,533 2,533 Restricted Funds Unresti"icted Funds 2,533 12 LIABILITIES: AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 2024 Bank Current Account other Creditors Third Parly Grants Held (Ardwick & Longsight Mutual Aid Group) Accruals 4,507 774 5,000 1,776 12,057 5,000 7,057 12,057 440 5,000 1,676 7,116 5,000 2,116 7,116 Restricted Funds Unrestricted Fuiids The bank current account has a sweep function whereby funds are transferred from a deposlt accoLJlIt on a daily basis, At any point Fn time cheques issued may not have been presented resulting Èn a credit balance when a reconciliation rs 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 2025 13 13 DEFERRED INCOME 2025 2024 Deferred Income comprÈses grants and commissioned services Èn advance Balance brouglit fonvard Released Èn Year Balance as carrled forward 17,512 17,512 14 MOVEMENT IN FUNDS OF THE CHARITY Balance l April 2024 Balance 31 March 2025 Incoming Transfers Outgoing Restrlcted Funds.. Manchester City Council - Lunch Group BAME Holistic Mental Health Support BME Netr¥vork & CovÉd Support Our fvlanchester VCS Gr Mcr NHS Foundation Trust Heritage Lottery Fund MACC Cost of Llvtng Grants Members Trips 752 1,816 6,136 22,380 1,015 13,305 22,325 2,890 70,619 752 1,816 4,138 19,000 785 (1,998) (103,370) (230) (17,959) (44,700) (2,240 170,497 99,990 4,654 25,800 2,230 132,674 3,425 2,880 32,796 Restricted Capital Funds.. National Lottery Tudor Trust English Partnership-Land English Partnership-Building Lankelley Foundation Children In Need Manchester City Councll- CAS-H Awards for All 13,860 7,500 J7,000 3,847 4,098 12,880 1,951 2,477 103,613 174,232 (554) (300) 13,306 7,200 57,000 3,693 3,934 12,420 1,880 2,387 101,820 134,616 (154) (164) (460) (71) 90 1,793 172,290 TOTAL Unrestricted Funds.. Designated Funds - Covld adaptations & building maintenance Designated Funds - development of cellar Gerieral UnrestrÉcted Capital Funds TOTAL 132,674 15,699 60,000 159,784 12,773 248,256 422,488 15,699 60,000 (777) 171,329 13,526 15,567 14,303 262,595 186,593 397,211 12,322 16,32Q 28,642 161,316 Details re funds= Restricted Funds." Our Manchester VCS Opens Gr Mcr NHS Foundatlon Trust Heritage Lottery Fund MACC Cost of Living Grants Resfrictod Capltal Funds.. National Lottery - grant towards the purchase of premises for the project. Tudor Trust - grant towards the purchase of premises for thè project. English Partnershtps - grant towards the cost of construction work. Lankelloy Foundation - part of the grant was used for leasehold refurbishments. Children In Need - towards extension of the creche. Manchester City CouncÉl- CAS-H - towards replaciiig windows Awards for All towards hinges, back wall, fEre alarm etc.The balance carried fopNard is the book value of assets slill to be depreciated. The outgoing charge represents deprecialion on capital assets. Designated Funds.. The reserves are towards non-routine premises costs and a fund to be used to develop the cellar.. Contribution Towards: general running costs of the charity, towards the Opens project towards a wellbelng and gardening project towards a part time Project Co-ordinator, tralning, workshops and exl)ibition granls to individuals to help with cost of living MANCHESTER BANGLADESHI WOMEN'S PROJECT NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 14 14 MOVEMENT IN CHARITY FUNDS cont.., Prevlous Year: Balance 1 April 2023 Balance 31 March 2024 Incoming Transfers Outgoing Restricted Fundts., Manchester City CoLincil - Lunch Group Opens BAME Holistic Mental Health Support BME Network & Covid Support Our Mdnchester VCS Gr Mcr NPIS Foundation Trust Heritage Lottery Fund 752 3,794 1,816 8,136 20,618 1,015 (105) 752 (3,794) 1816 6136 22380 1015 13305 22325 2890 99,990 (98,228) 36,192 40,625 3,316 (22,782) (16,300) (471) (2,757 (146,332) Members Trips Partnership Payments- First 100 Days 45 2,757 36,828 180,123 70,619 Restricted Capital Funds: National Lottery Tudor Trust English Partnership-Land English Partnership-Bullding Lankelley Foundalion Children In Need Manchester City Coiincil- CAS-H Awards for All 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 - CovÈd adaptations & building maintenance Designaled Funds - development of cellar General Unrestricted Capital Funds 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 TOTAL 15 ANALYSIS OF NET ASSETS BETWEEN FUNDS Fixed Assets Net Current Assets 2025 Total Fixed Assets Net Current Assets 2024 Total RESTRICTED FUNDS: RESTRICTED FUNDS (CAPITAL). UNRESTRICTED FUNDS. TOTAL FUNDS 32,796 32,796 101,820 262,595 397,211 70,619 70,619 103,613 235,483 248,256 306,102 422,488 101,820 12,309 114,129 103,613 12,773 116,386 250,286 283,082 16 GOING CONCERN The charily's main source of income is grant fundlng 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 inGlude any adjustments that would be necessary if the funding income shouEd 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 liabilitles of a klnd that qualify as basic flnancFaf instrument8,Basfc financial instruments are inifially recog nised on a transaction value and siibsequently measured at their setttement value with the exception of bank loans which are siibsequenlly measured at an amortised cost using the effective Interest method. MANCHESTER BANGLADESHI WOMEN'S PROJECT 15 TRADITIONAL INCOME & EXPENDITURE ACCOUNT YEAR ENDED 31 MARCH 2025 (for management purposes only) 2025 2024 Incoine,. Grants and Contracts; Our Manchester VCS Heritage Lottery Fund MACC - Cost of Living Grant MCC Covid Recovery 99,990 4,654 25,800 16 320 99,990 36,192 40,625 16,320 146,764 193,127 Bank Interest Room Hlre & Refreshments Donattons FundraisFng Memberships Members Trips Sundry Income 4,027 4,815 104 3.703 4.199 87 1,566 2,716 3,316 3,235 2,230 141 161,,316 208,714 Exp81?diture.' Employment Costs Training Travel & Other Expenses DBS Costs Freelance & Sessional Work Grants Made- Cost of Living Partnership Payments Premises Costs Repairs & Maintenance Project Activities & Events Telephone & Broadband Printing, Postage & Stationery Insurance Accountancy Ananna expenses Trustee Meetings & AGM Costs IT Support, Software & Minor Equtpment Website Fundraislng Expenses Bank Charges Payroll Costs Consultancy Sundry Interest Paid Depreciation 101,378 106,550 168 91 244 470 18,300 2,920 5,233 3,333 7,553 934 580 2,467 996 360 239 1,726 36 292 209 1,000 2,698 36 246 3,423 44,700 2,400 5,280 3,625 8,505 1,047 821 3,078 996 180 303 2,153 379 205 1,016 4,600 2,258 2,378 Surplusl(Defrcit) for the Year 188,593 {25,277 158,816 49,898