Charity number: 1040931 Newcastle Bangladesh Association Report of the Trustees and Unaudited Financial Statements For the year ended 31 March 2024 Newcastle Bangladesh Association Contents Page For the year ended 31 March 2024 |Report of the Trustees|1 to 2| |---|---| |Independent Examiner's Report to the Trustees|3| |Statement of Financial Activities|4| |Statement of Financial Position|5| |Notes to the Financial Statements|6| |Detailed Statement of Financial Activities|7| ## Newcastle Bangladesh Association Report of the Trustees ## For the year ended 31 March 2024 The Trustees have pleasure in presenting their report and the financial statements for the charity for the year ended 31 March 2024. The Trustees have adopted the provisions of 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 the Republic of Ireland (FRS 102) (effective 1 January 2019). ## **OBJECTIVES AND ACTIVITIES** ## **Objectives and aims** The trustees have considered the Charity Commission’s guidance on public benefit, including the guidance 'public benefit: running a charity (PB2)'. ## **REFERENCE AND ADMINISTRATIVE INFORMATION** **Name of Charity** Newcastle Bangladesh Association **Charity registration number** 1040931 **Principal address** 246-248 Elswick Road Newcastle Upon Tyne NE4 6SN ## **Trustees** The trustees and officers serving during the year and since the year end were as follows: Mr Matab Miah Mr Humayun Choudhury Mr Shahan Ahmed Chowdhury Mr Abul Boshar Mr Shah Moynul Hoque Jahan Mrs Jebba Begum Mr Siraj Miah Mr Oliur Rahman Mr Abdul Rahim Karim Mr Sufi Ahmed Mr Mohammed Shakir A Quraishi Mr Azmol Hussain Mr Mohammed Ahsan Uz Zaman Arif Mrs Kazi Latifa Khanam Mrs Shamima Akter Shanu Mr Mojir Siddique **Independent examiners** Nesar Ali Chartered Certified Accountant 121 Violet Avenue Hillingdon Middlesex UB8 3PT **Bankers** Lloyds Bank Plc 25 Gresham Street London EC2V 7HN Barclays Bank Plc 1 Churchill Place London E14 5HP 1 of 7 Newcastle Bangladesh Association Report of the Trustees Continued For the year ended 31 March 2024 Approved by the Board of Trustees and signed on its behalf by 11 October 2024 ............................................................................. Mr Siraj Miah 2 of 7 Newcastle Bangladesh Association Independent Examiners Report to the Trustees I report on the accounts of the charity for the period ended 31 March 2024, which comprise the Statement of Financial Activities, the Statement of Financial Position and the related notes. ## **Respective responsibilities of trustees and examiner** The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is required. ## It is my responsibility to: - examine the accounts under section 145 of the 2011 Act; - to follow the procedures laid down in the General Directions given by the Charity Commission (under section 145(5)(b) of the 2011 Act); and - to state whether particular matters have come to my attention. ## **Basis of independent examiner's report** My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a 'true and fair view' and the report is limited to those matters set out in the statement below. ## **Independent examiner's statement** In connection with my examination, no matter has come to my attention: (1) which gives me reasonable cause to believe that, in any material respect, the requirements: - to keep accounting records in accordance with 130 of the 2011 Act; and - to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act ## have not been met, or (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. Nesar Ali Chartered Certified Accountant 121 Violet Avenue Hillingdon Middlesex UB8 3PT ## Newcastle Bangladesh Association Statement of Financial Activities For the year ended 31 March 2024 |**Notes**
**Income and endowments from:**
Charitable activities
2
**Total**
**Expenditure on:**
Charitable activities
3
**Total**
**Net income**
**Reconciliation of funds**
Total funds brought forward
**Total funds carried forward**|**Unrestricted**
**funds**
**£**
135,276|**2023**
**£**
243,926| |---|---|---| ||**135,276**|**243,926**| ||(94,348)|(238,675)| ||**(94,348)**|**(238,675)**| ||**40,928**
929,734|**5,251**
924,483| ||**970,662**|**929,734**| 4 of 7 ## Newcastle Bangladesh Association Statement of Financial Position As at 31 March 2024 |**Notes**
**Fixed assets**
Tangible assets
**Current assets**
Cash at bank and in hand
**Creditors: amounts falling due within one year**
**Net current assets**
**Total assets less current liabilities**
**Creditors: amounts falling due after more than one year**
**Net assets**
**The funds of the charity**
Unrestricted income funds
**Total funds**|**£**
**2024**
1,030,875|**£**
**2023**
1,033,525| |---|---|---| ||**1,030,875**|**1,033,525**| ||29,106|12,032| ||**29,106**|**12,032**| ||(15,385)
**13,721**|(14,059)
**(2,027)**| ||**1,044,596**|**1,031,498**| ||(73,934)|(101,764)| ||**970,662**|**929,734**| ||970,662|929,734| ||**970,662**|**929,734**| The financial statements were approved and authorised for issue by the Board and signed on its behalf by: Mr Siraj Miah Trustee 11 October 2024 5 of 7 ## Newcastle Bangladesh Association Notes to the Financial Statements For the year ended 31 March 2024 ## **1. Accounting Policies** ## **Basis of accounting** The financial statements have been prepared under the historical cost convention, except for investments which are included at market value and the revaluation of certain fixed assets and in accordance with the Charities SORP (FRS 102) ‘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 (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), and the Charities Act 2011. Newcastle Bangladesh Association meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s). ## **Going concern** The Charity remains in a very strong position relating to future growth. No short or medium term financial risk to the Charitie's continued operations has been identified. In the opinion of the trustees there are no going concern issues. The trustees have agreed to maintain a reserve of at least six month's annual expenditure in order to meet operational costs in the event a lack of new income in the form of donations or other potential revenue. The trustees assess the adequacy of this policy on an annual basis. ## **Statement of cash flows** The Trustees have taken advantage of the exemption in SORP FRS 102 from including a cash flow statement in the financial statements on the grounds that the charity is small. ## **Tangible fixed assets** Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: Plant and Machinery Computer Equipment Motor Vehicles Fixtures and Fittings 10 percent Reducing balance 10 percent Reducing balance 10 percent Reducing balance 10 percent Reducing balance 6 of 7 ## Newcastle Bangladesh Association Notes to the Financial Statements Continued ## For the year ended 31 March 2024 ## **2. Income from charitable activities** |**Unrestricted funds**
_Mosque_
Jummah Donations
Ramadan Donations (Mosque)
Other Income & Donations
Gift Aid
_Community Centre_
Hall Hire
Gift Aid
Other Income & Donations
Karde Hasana
Grants
**osts of charitable activities by fund type**
**Unrestricted funds**
Mosque
Community Centre|**2024**
**£**
43,329
17,981
17,132
-|**2023**
**£**
40,508
14,974
25,180
16,827| |---|---|---| ||**78,442**
41,070
-
3,235
-
12,529|**97,489**
17,390
15,500
10,670
89,877
13,000| ||**56,834**|**146,437**| ||**135,276**|**243,926**| ||**2024**
**£**
32,711
61,637|**2023**
**£**
105,426
133,249| ||**94,348**|**238,675**| ## **3. Costs of charitable activities by fund type** ## **4. Trustee remuneration and related party transactions** All trustees acted on a voluntary basis and therefore no remuneration or expenses were paid by the charity. There were no related party transactions during the financial year. ## **5. Comparative for the Statement of Financial Activities** The comparative year values on the Statement of Financial Activities are for unrestricted funds. 7 of 7 ## Newcastle Bangladesh Association Detailed Statement of Financial Activities For the year ended 31 March 2024 |**INCOME AND ENDOWMENT**
**Charitable activities**
Jummah Donations (Mosque)
Ramadan Donations (Mosque)
Other Income & Donations (Mosque)
Gift Aid (Mosque)
Hall Hire (Community Centre)
Gift Aid (Community Centre)
Other Income & Donations (Community Centre)
Karde Hasana (Community Centre)
Grants (Community Centre)
**Total incoming resources**
**EXPENDITURE**
**Charitable activities**
Cost Of Direct Charitable Activity (Mosque)
Cost Of Direct Charitable Activity (Community
Centre)
**Total resources expended**
**Net Income**|**£**
**2024**
43,329
17,981
17,132
-
41,070
-
3,235
-
12,529
**135,276**|**£**
**2023**
40,508
14,974
25,180
16,827
17,390
15,500
10,670
89,877
13,000| |---|---|---| |||**243,926**| ||**135,276**
(32,711)
(61,637)
**(94,348)**|**243,926**
(105,426)
(133,249)| |||**(238,675)**| ||**(94,348)**|**(238,675)**| ||**40,928**|**5,251**| 7 of 7 This page does not form part of the statutory financial statements