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2020-12-31-accounts

Charity Registration No. 1053786

Company Registration No. 03010064 (England and Wales)

DHAKA AHSANIA MISSION

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

DHAKA AHSANIA MISSION

CONTENTS

Page
Trustees’ report 4 med
Statement of trustees' responsibilities 5
Independent examiner's report 6
Statement offinancial activities 7
Balance sheet 8
Notestothefinancialstatements 9-17

DHAKA AHSANIA MISSION TRUSTEES' REPORT (INCLUDING DIRECTORS’ REPORT) FOR THE YEAR ENDED 31 DECEMBER 2020

The trustees present their report and financial statements for the year ended 31 December 2020.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Companies Act 2006 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 (FRS 102) (effective 1 January 2019)".

Objectives and activities

In 1995 a group of experienced development workers put their commitment to Bangladesh into practice by establishing Dhaka Ahsania Mission in the UK (DAM UK). DAM UK’s Memorandum and Articles of Association state the Company's objects as being “To relieve poverty, distress, sickness and improve the welfare of the inhabitants of less privileged countries giving preference to Bangladesh’.

DAM UK is a company limited by guarantee (registered in England and Wales, company number 3010064) and not having a share capital. itis also a registered charity, number 1053786.

Working towards a vision of a world in which everyone can thrive, DAM UK supports local efforts that challenge poverty and inequality in Bangladesh.

DAM UK works in support of local partner, also called Dhaka Ahsania Mission, a leading Bangladesh-registered charity, which has provided quality development programmes nationwide since 1958.

Ensuring that ‘no-one is left behind’, DAM UK supports initiatives in Bangladesh to:

The Trustees confirm that they have referred to the guidance contained in the Charity Commission’s general guidance on public benefit when reviewing the Trust’s aims and objectives and in planning future activities for the year.

Achievements and performance

Despite significant development gains in Bangladesh over recent years, all too many people in Bangladesh are unable to live their lives with dignity and respect, unable to thrive. For example, 6.7 million children are out of school, 55% of Bangladesh’s urban population live in cramped, ill-planned slums lacking basic services such as sanitation, and climate change is making it harder for smallholder farmers to make a decent living. Meanwhile, Bangladesh is hosting one of the world’s largest refugee communities, approximately 800,000 Rohingya from neighbouring Myanmar. During 2020, the COVID 19 pandemic exacerbated many of the challenges facing poor people in Bangladesh with both lives and livelihoods lost.

During 2020 DAM’s work in Bangladesh included the following:

During 2020, learning from the experience of our peer organisations and responding to the growing expectations in general of our funding partners, DAM UK continued to prioritise the strengthening of our internal systems and processes.

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DHAKA AHSANIA MISSION

TRUSTEES' REPORT (INCLUDING DIRECTORS’ REPORT) (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2020

Financial review Results The income of the charity for the year ended 31 December 2020 amounted to £280,431 and after deducting direct costs of £ 23,094, governance expenses of £1,980, fundraising costs of £40 and grants of £239,779 the net incoming resources for the year are £15,538 consisting of an unrestricted deficit of £1,055 and a restricted surplus of £16,593.

Reserves policy

As at 31 December 2020, DAM UK held unrestricted reserves of £96,401 (compared to £97,456 the previous year). Trustees believe that this level of reserves gives DAM UK the confidence of financial viability, enabling the organisation to both continue and, critically, to be able to grow to support education, livelihoods, WASH and humanitarian initiatives in Bangladesh. The reserves have been earmarked for the following purposes: £12,000 towards the forecast core budget deficit as systems and capacity are put in place to enable future growth; £40,000 to enable DAM UK to confidently bid for larger institutional grants where funds are released in arrears; and £15,000 (equivalent to six months operating costs) to be held to for the event of the cessation of DAM UK operations.

Funds

At 31 December 2020, the charity's total reserves balance was £141,591 (2019: £126,053). Of this, £96,401(2019: £97,456) was in unrestricted funds and relates solely to free reserves which can be expended on the purposes of the charity.

Going concern

The Trustees have considered ongoing working capital requirements in light of the Covid 19 emergency. In view of the availability of unrestricted funds, the Trustees believe that preparing the financial statements on the going concern basis remains appropriate.

Risk management

The directors have a risk management strategy which comprises:

This work has identified that financial sustainability is the major risk for the charity. A key element in the management of financial risk is regular fund raising with grant making bodies and corporations.

Plans for the future Charities in the UK have been significantly impacted by the Covid-19 pandemic. The Trustees considered and approved an organisational budget 2021 based on programme need, fund-raising potential and the charity’s reserves position. The Trustees consider the approved budget to be cautious in nature and recognise that, whilst it is not possible to guarantee future grant income streams, relationships with donors are generally positive, anticipated revenue streams are steady and the charity’s reserves position is strong.

In 2020 DAM UK completed a thorough strategy renewal process, culminating in a launch of a new strategy for the period 2021 — 2025. The new strategy retains focus on four programmatic themes (Education, Health, Livelihoods & Humanitarian Response) and sets three key objectives:

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DHAKA AHSANIA MISSION

TRUSTEES’ REPORT (INCLUDING DIRECTORS’ REPORT) (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2020

Structure, governance and management

Governing document

Dhaka Ahsania Mission is a company limited by guarantee governed by its Memorandum and Articles of Association dated 16th January 1995. It is a registered Charity with the Charities Commission.

Appointment of Directors

As set out in the Articles of Association new trustees are selected by the board of Directors. The current Board has a membership of twelve people. The charity may by ordinary resolution appoint a person who is willing to act as a director to fill vacancy or as an additional director.

Subject to the Act, the Directors may appoint a person who is willing and able and qualified to act to be a director, either to fill a vacancy or as an additional director.

Training and induction of directors

The directors are inducted in the aims of the Charity as detailed in the Governance Guide.

The skills of the directors are reviewed annually to ensure that the Charity has the right skills, with new directors recruited to fill any skills or management gaps.

Directors’ indemnities

As permitted by the Articles of Association, the directors have the benefit of an indemnity which is a qualifying third-party indemnity provision as defined by Section 234 of the Companies Act 2006. The indemnity was in force throughout the last financial year and is currently in force. The company also purchased and maintained throughout the financial year Directors' and Officers’ liability insurance in respect of itself and its Directors.

Organisation

The board of Directors, which consists of twelve members, administer the charity. The board normally meets triennially. Day to day management is facilitated by one member of staff.

Related parties

None of the Directors receive remuneration or other benefit from their work with the charity.

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DHAKA AHSANIA MISSION

TRUSTEES' REPORT (INCLUDING DIRECTORS’ REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020

Reference and administrative details
Charity name DhakaAhsania Mission
Company number 03010064
Charity number 1053786
Registered office 12 Camplins
Clevedon
Avon
BS21 5EY
Company Secretary NeazAhmed
Trustees NeazAhmed
Kazi Alam
Emma Crump
Josephine Davies - appointed 29/1/21
David Fear
Zina Fear
Raymond Kennedy
Dr Yasmin Khan
Shamim Saifullah
Martin Shirley
David Sternberg
Derek Thorne - appointed 29/1/21
Shah Kibria - resigned 26/4/21
Elizabeth Shepherd - resigned 4/1/21
Independent examiners Azets Audit Services
Ty Derw
Lime Tree Court
Cardiff Gate Business Park
Cardiff
CF23 8AB
Bankers Santander
2 Triton Square
London
NW13AN

Nenad by the Board of Trustees.

David Sternberg - Trustee Dated: 17 September 2021

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DHAKA AHSANIA MISSION

STATEMENT OF TRUSTEES’ RESPONSIBILITIES

FOR THE YEAR ENDED 31 DECEMBER 2020

The trustees, who are also the directors of Dhaka Ahsania Mission for the purpose of company law, are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company Law requires the trustees to prepare financial statements for each financial 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, including the income and expenditure, of the charitable company for that year.

In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The trustees are responsible for the maintenance and integrity of the charity and financial information included on the charity's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

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DHAKA AHSANIA MISSION

INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF DHAKA AHSANIA MISSION

| report to the trustees on my examination of the financial statements of Dhaka Ahsania Mission (the charity) for the year ended 31 December 2020.

Responsibilities and basis of report

As the trustees of the charity (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 (the 2006 Act).

Having satisfied myself that the financial statements of the charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, | report in respect of my examination of the charity's financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Act). In carrying out my examination | have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

Since the charity's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. | confirm that | am qualified to undertake the examination because | am a member of The institute of Chartered Accountants in England and Wales, which is one of the listed bodies.

| have completed my examination. | confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

1 accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or

| have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.

Sarah Case FCA DChA

Azets Audit Services

Ty Derw Lime Tree Court Cardiff Gate Business Park Cardiff

CF23 8AB

Dated: BAW

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DHAKA AHSANIA MISSION

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 DECEMBER 2020

Unrestricted Restricted Total Unrestricted Restricted Total
funds funds funds funds
2020 2020 2020 2019 2019 2019
Notes £ £ £ £ £ £
Income from:
Donations and legacies 3 23,242 257,085 280,327 26,873 182,670 209,543
Investments 4 76 28 104 253 105 358
Total income 23,318 257,413 280,431 27,126 182,775 209,901
Expenditure on:
Raising funds 5 40 - 40 396 - 396
Charitable activities 6 24,333 240,520 264,853 26,947 206,428 233,375
Total resources
expended 24,373 240,520 264,893 27,343 206,428 233,771
Net(expenditure)/income for
the year/
Netmovement infunds (1,055) 16,593 15,538 (217) (23,653) (23,870)
Fund balances at 1
January2020 97,456 28,597 126,053 97,673 52,250 149,923
Fund balances at 31
December2020 96,401 45,190 141,591 97,456 28,597 126,053

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.

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DHAKA AHSANIA MISSION

BALANCE SHEET

AS AT 31 DECEMBER 2020

2020 2019
Notes £ £ £ £
Current assets
Debtors 11 23,325 11,554
Cash at bank and in hand 120,006 114,499
143,331 126,053
Creditors: amounts falling duewithin
one year 12 (1,740) =
Net current assets 141,591 126,053
Income funds
Restrictedfunds 13 45,190 28,597
Unrestricted funds 96,401 97,456
141,591 126,053

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 December 2020.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

----- Start of picture text -----
\ pn statements were approved by the Trustees on 17 September 2021
David Sternberg - Trustee Shamim Saifullah -
----- End of picture text -----

Shamim Saifullah - Trustee

Company Registration No. 03010064

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DHAKA AHSANIA MISSION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

Charity information

Dhaka Ahsania Mission is a private company limited by guarantee incorporated in England and Wales. The registered office is 12 Camplins, Clevedon, Avon, BS21 5EY.

1.1. Accounting convention The financial statements have been prepared in accordance with the charity's governing document, the Companies Act 2006 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 (FRS 102) (effective 1 January 2019)". The charity is a Public Benefit Entity as defined by FRS 102.

The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

The Trustees have considered ongoing working capital requirements considering the COVID-19 emergency.

At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operationa! existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

14 Income

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

In most cases the charity receives grant funding from donors in advance of project expenditure being incurred. In these cases, the charity can sub-grant funds to DAM in Bangladesh prior to them incurring project costs. However, the Trustees note that increasingly the Charity is receiving grants where the donor terms involve them releasing funds in arrears (l.e. after some or all project expenditure has been incurred). To avoid the cashflow burden falling on our partner DAM in Bangladesh and their suppliers, the Director's reserves policy provides the discretion to advance funds to Bangladesh against contracted donor income.

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DHAKA AHSANIA MISSION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2020

Income from interest and dividends is recognised when its receipt is probable and the amount receivable can be measured reliably.

Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settiement will be required and the amount of the obligation can be measured reliably.

Expenditure is classified under the following activity neadings:

Raising funds solely relate to amounts paid regarding fundraising expenses.

Expenditure on charitable activities includes all costs relating to the furtherance of charity’s objectives as stated in the trustees report. This also includes all costs relating to compliance with constitutional and statutory requirements.

The charity is not registered for VAT and all income and expenditure is therefore VAT inclusive.

All costs are allocated between the expenditure categories in the Statement of Financial Activities on a basis designed to reflect the use of the resource. Costs relating to a particular activity are allocated directly while others are apportioned on an appropriate basis, consistent with the use of resources.

Governance costs comprise all costs involving public accountability of the charity and its compliance with regulation and good practice.

Grants payable are payments made to third parties in the furtherance of the charitable objectives of the charity. The grants are recognised where the trustees have agreed to pay the grant and the recipient has a reasonable expectation that they will receive a grant, provided they comply with the terms of the agreement. Grants offered subject to terms and conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.7 Financial instruments

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are measured at transaction price including transaction costs. Financial assets classified as receivable within one year are not amortised.

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DHAKA AHSANIA MISSION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020

Basic financial liabilities

Basic financial liabilities, including creditors are recognised at transaction price. Financial liabilities classified as payable within one year are not amortised.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.

As a registered charity, the charity is entitled to the exemption from taxation in respect of income and capital gains received with sections 478-489 of the Corporation Tax Act 2010 and section 256 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects purposes only.

2 Critical accounting estimates and judgements

In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3 Donations and legacies

Unrestricted Restricted Total Unrestricted Restricted Total
funds funds funds funds
2020 2020 2020 2019 2019 2019
£ £ £ £ £ £
Donations and gifts 23,242 257,085 280,327 26,873 182,670 209,543
Donations and gifts
General 23,242 - 23,242 26,873 - 26,873
Education - 112,007 112,007 - 132,551 132,551
Community Development
- 145,078 145,078 = 50,119 50,119
23,242 257,085 280,327 26,873 182,670 209,543

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DHAKA AHSANIA MISSION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2020

4 Investments

Unrestricted Restricted Total Unrestricted Restricted Total
funds funds funds funds
2020 2020 2020 2019 2019 2019
£ £ £ £ £ £
Interest receivable 76 28 104 253 105 358

5 Raising funds

Unrestricted Unrestricted
funds funds
2020 2019
£ £
Fundraising and publicity
Fundraising expenses 40 396
40 396

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DHAKA AHSANIA MISSION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2020

8 Support costs

Support costscosts
Support Governance 2020Support costs Governance 2019
costs costs costs
£ £ £ £ £ £
Accountancy - 1,980 1,980 - 240 240
- 1,980 1,980 - 240 240
Analysed between
Charitableactivities - 1,980 1,980 - 240 240

Governance costs includes payments to the independent examiners.

9 Trustees

None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the current or prior year.

During the year 6 trustees were reimbursed travel and subsistence expenses totalling £93 (2019: 5 trustees totalling £208).

10 Employees

The average monthly number of employees during the year was:

2020 2019
Number Number
Total - -
11 Debtors
2020 2019
Amounts falling duewithin one year: £ £
Otherdebtors 22,617 10,899
Prepayments 708 655
23,325 11,554
12 Creditors: amounts falling duewithin one year
2020 2019
£ £
Accrualsanddeferredincome 1,740 "

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DHAKA AHSANIA MISSION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020

13 Restricted funds

The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes:

----- Start of picture text -----
||||||||||| |---|---|---|---|---|---|---|---|---|---| |Movement|in|funds|Movement|in|funds| |Balance|at|Incoming|Resources|Balance|at|Incoming|Resources|Balance|at| |1|January|resources|expended|{|January|resources|expended|31|December| |2019|2020|2020| |£|£|£|£.|£|£|£| |Education|18,343|132,616|(132,341)|18,618|112,019|(117,477)|13,160| |Community| |Development|33,731|50,159|(74,087)|9.803|145,094|(122,867)|32,030| |Flood|Relief|176|-|-|176|~|(176)|-| |§2,250|182,775|(206,428)|28,597|257,113|(240,520)|45,190|

----- End of picture text -----

Education

This fund provides education to children and adolescents in both urban and rural areas. The charity received education grants including the following:

Community Development

This fund includes WASH provision, Livelinoods activities and Humanitarian interventions. The charity received Community Development grants including the following:

e Human Appeal - £93,237 (2019 £40,000)

° Read foundation-£40,000 (2019: Enil)

Flood Relief

This fund is used to alleviate hardship after devastating floods.

14 Analysis of net assets between funds

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||||| |---|---|---|---| |Fund|balances|at|31| |December|2020|are| |represented|by:| |Current|assets/(liabilities)|

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||||||| |---|---|---|---|---|---| |Unrestricted|Restricted|Total|Unrestricted|Restricted|Total| |funds|funds|funds|funds| |2020|2020|2020|2019|2019|2019| |£|£|£|£|£|£| |96,401|45,190|141,591|97,456|28,597|126,053| |96,401|45,190|141,591|97,456|28,597|126,053|

----- End of picture text -----

15 Related party transactions

There were no disclosable related party transactions during the year (2019 - none).

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DHAKA AHSANIA MISSION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2020

16 Legal status

The liability of each member is limited to £1.

17 COVID-19

The pandemic has had impacts around the globe during 2020. In Bangladesh, the health impacts of COVID-19 and economic consequences of the government-enforced lock-down are creating significant humanitarian need. Meanwhile, in the UK, the trustees note the current funding challenges faced by many UK charities. The trustees continue to regularly monitor performance against the approved budget 2020. Despite the context of COVID-19, in fact all scheduled donor grant payments to date have been received as anticipated and the charity saw an increase in income during 2020 compared to the previous year. Looking forward, while year to date performance in 2021 is encouraging, considering the unprecedented uncertainty the trustees have stress-tested assumptions using budget scenarios. The trustees are confident that, due to its reserves, the charity can withstand even the worst-case scenario. In conclusion, despite the wider disruption of the COVID-19 pandemic, the charity’s income is ahead of budget and based on donor feedback this trend is anticipated to continue for the rest of the year.

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