## **Enfield Bangladesh Welfare Association (EBWA)**
Registered Charity
FINANCIAL STATEMENTS FOR THE YEAR ENDED
31[ST] MARCH 2021
Charity number: 1055430
## **Enfield Bangladesh Welfare Association (EBWA)**
## **Legal and Administrative Information**
## **For the year ended 31 March 2021**
## **Executive Committee and Trustees:**
- Mr. Chaudhury Anwar MBE Chairman Mr. Ekramuzzaman Khan Vice Chair Mr. Mohammad Abu Mazhar Vice Chair-Religious & Social Welfare Mrs. Salma S Chowdhury Vice Chair Mrs Rehanaz Noor Anne General Secretary Mr Mohammed Mizanur Rahman Treasurer Mr Minhaz Khan Executive Member Chair-Cultural Mrs. Sumona Chowdhury Executive Member- Chair Education Mrs. Morsheda Begum Executive Member- Chair Women’s Mr. Ashraf Zaman Executive Member – Chair - Youth & Sports Mr. Abdul Wadood Masood Executive Member Mr Mohammed Rafiqul Alam Executive Member Mr Mohammad Kamruzzaman Executive Member Mr Mahmudul Hasan Executive Member Mr Kazi Alamgir Executive Member Mr. Ruhul Amin Executive Member Mr Fardoush Chowdhury Executive Member Mr Kajal Sarker Executive Member
## **Address:**
180 High Street Ponders End Enfield Middlesex EN3 4EU
**Charity Registration Number:** 1055430
## **Independent Examiner:**
TACTS ACCOUNTANT Chartered Certified Accountants 81 Rayleigh Road Palmers Green London N13 5QW
2
## **Enfield Bangladesh Welfare Association (EBWA)**
# **FINANCIAL ACCOUNTS**
# **FOR YEAR ENDED 31[ST] MARCH 2021**
## **CONTENTS**
## **Pages**
- **4-5. Trustees Report**
**6. Independent Examiners Report**
**7. Statement of Financial Activities**
**8. Balance Sheet**
## **9-12. Notes to the Accounts**
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## **Enfield Bangladesh Welfare Association (EBWA) Report of the Trustees For the year ended 31 March 2021**
The trustees are pleased to present their annual directors’ report for the year ending 31[st] March 2021.
The financial statements comply with the Charities Act 2011, the Constitution, 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 2015).
## **Legal Status**
Enfield Bangladesh welfare Association is a registered unincorporated charity with registration number is 1055430.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
The Charity is managed by a board of trustees which is ultimately responsible for all the aspects of the overall management of the organisation. The trustees meet on a regular basis to conduct the business of the organisation and review progress.
The trustees constantly review the risks that the charity faces. This is to ensure that grants received from various funding agencies are utilised for the purpose that they have been granted. To ensure minimal risks take place, that may have an effect on the aims and objectives of the organisation and the expectations of funders, these risks are covered by our insurance policy and are also monitored by way of staff reports, which highlight the planned activities. The trustees recognise there are some areas of work which require the acceptance and management of risk if our key objectives are to be achieved.
## **OBJECTIVES AND ACTIVITIES**
1. To advance the education of the public, particularly members of the Bangladeshi Community in Enfield, by the provision of weekend schools, vocational training for the unemployed and Bangladeshi cultural events of educative value.
2. To relieve poverty amongst the Bangladeshi Community in the London Borough of Enfield by the provision of Legal Advice to persons unable to afford solicitor’s fees, and by enabling such persons to access local statutory and voluntary social services by the provision of an interpretation and translation services.
3. To relieve the elderly, particularly members of the Bangladeshi community in Enfield.
4. To advice the administration of Law Arbitrating in legal disputes and promoting the protection of the public from criminal acts by liaison with the Police.
5. To provide facilities for recreation or other leisure time occupation for persons resident in Enfield with the objective of improving their condition of life.
6. To relieve persons suffering from shock or depression by the provision of a counselling service.
7. To protect and preserve public health by the provision of advice and health classes for women.
4
## **Reserves policy and going concern**
The Board has assessed the charity’s requirements for reserves in the light of the main risks to the organisation. As a result, the Board has approved a policy whereby the unrestricted funds not committed, should be held in reserve and maintained at a level which ensures that EBWA’s core activity could continue during a period of unforeseen difficulty. The target reserve amount represents at least 6 months’ (26 weeks) expenditure and will be reviewed annually.
## **Risk management**
The trustees have a risk management strategy which comprises:
● an annual review of the principal risks and uncertainties that the charity undertakes.
● the establishment of policies, systems and procedures to mitigate those risks identified in the annual review; and
● the implementation of procedures designed to minimise or manage any potential impact on the charity should those risks materialise.
The Trustees constantly review risks relevant to the charity. Any risks identified are reported to the Trustees and decisions made on how to minimise risk.
## **Finance and Fundraising**
We are delighted that the London Borough of Enfield has continued their support for our elderly project this year. BBC Children in Need have funded our educational programme. This year we ran the Mela from our own contributions.
We are grateful for the ongoing support from our member’s contributions which help the sustenance of the organisation.
## **Future plans**
In 2021-22 we plan to re-start our health and supplementary education & recreational activities. We will be applying for funds to strengthen and develop our organisation further and envisage enhancing the lives of many more disadvantaged Bangladesh children, elderlies and families in the London Borough of Enfield.
## **Trustees and their responsibilities**
Charity trustees are the people who serve on the governing body of a charity. They may be known as trustees, directors, board members, governors or committee members. The principles and main duties are the same in all cases.
Trustees have, and must accept, ultimate responsibility for directing the affairs of a charity, and ensuring that it is solvent, well-run, and meeting the needs for which it has been set up.
## **Annual Independent Examination**
The Trustees will place a resolution before the next Board meeting to re-appoint TACTS Accountant as Independent Examiner for the following year.
Signed on behalf of the trustees and committees
Mr Choudhury Anwar (Chairman)
Date: 18/08/2021
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## **Independent examiner’s report to the trustees of Enfield Bangladesh Welfare Association (EBWA)**
I report on the accounts of the Trust for the year ended 31[st] March 2021, which are set out on pages 7 to 12.
## **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 needed.
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 section 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.
Date: 18/08/2021
## Chartered Certified Accountant
TACTS Accountant, 81 Rayleigh Road, Palmers Green, London N13 5QW
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||**ENFIELD BANGLADESH WELFARE ASSOCIATION (EBWA)**|**ENFIELD BANGLADESH WELFARE ASSOCIATION (EBWA)**|
|---|---|---|
||**STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2021**||
||**Notes**
**INCOMING RESOURCES**
Voluntary Income
**Grants to provide charitable activities:**
BBC Children in Need
(17)
**Other Income:**
London Borough of Enfield
Trip & Mela Contributions
Other
**TOTAL INCOMING RESOURCES**
**RESOURCES EXPENDED**
Raising Funds
Direct Charitable Activities
(18)
**TOTAL RESOURCES EXPENDED**
Net Incomings and (Outgoings)
Balances Brought Forward
**Balances Carried Forward**|**Unrestricted Restricted**
**Total**
**Fund**
**Total**
**Fund**
**fund**
**fund**
**2021**
**2020**
**£**
**£**
**£**
**£**
1,682
**1,682**
11,811
-
7,980
**7,980**
7,011
9,000
-
**9,000**
**-**
8,948
6,436
-
**6,436**
**-**|
|||**17,118**
**7,980**
**25,098**
**27,770**|
|||-
-
-
2,901
15,162
1,279
**16,441**
43,722|
|||**15,162**
**1,279**
**16,441**
**46,623**|
||||
|||**1,957 **
**6,701 **
**8,658**
**(18,853)**|
||||
|||**66,612**
**3,529**
**70,140**
**88,993**|
||||
|||**68,568**
**10,230**
**78,797**
**70,140**|
There were no recognised gains or losses for the above period other than those shown in the statement of financial activities for the above financial year. All incoming resources and resources expended are derived from continuing activities.
(The notes attached form part of these financial statements)
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## **ENFIELD BANGLADESH WELFARE ASSOCIATION (EBWA) BALANCE SHEET AT 31 MARCH 2021**
|Notes
**FIXED ASSETS**
Tangible assets
(14)
**Current Assets**
Cash at Bank and in Hand
**Current Liabilities**
Creditors: Falling due within one year
Accruals and creditors
(13)
Net Current Assets
Net Assets
**As Represented By:**
Restricted Fund
(15)
Unrestricted fund
Designated Fund
(16)
**Total Funds**|**2021**
**£**
694
78,603
500
78,103|**2020**
**£**
868
69,922
650|
|---|---|---|
|||69,272|
||||
||**78,797**|**70,140**|
||10,230
8,567
60,000|3,529
6,611
60,000|
||**78,797**|**70,140**|
The accounts were approved by the Trustees on 18[th] August 2021 and signed on their behalf by: -
………………………….. …..…………………………….
Mr Choudhury Anwar Mr Mohammed Mizanur Rahman (Chairman) (Treasurer)
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## **Enfield Bangladesh Welfare Association (EBWA) Notes to the Financial Statements For the year ended 31[st] March 2021**
## **1. Accounting basis.**
The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows:
## a) Basis of preparation
The financial statements have been prepared in accordance with 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 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). EBWA 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).
## b) Preparation of the accounts on a going concern basis
The Charity trustees are of the view that measures taken subsequent to the year-end to reduce operating costs and increased fundraising, have secured the immediate future of the Charity for the next 12 to 18 months and that on this basis the charity is a going concern.
## **2. Income**
Income is recognised in the period to which it relates, unless specified otherwise by the funder. Project funding is, in general, repayable if not expended within the relevant project. Such income is only recognised to the extent that it ceases to be repayable. The income is accounted for on a receivable basis.
## **3. Resource Expended**
Resources expended are included in the Statement of Financial Activities inclusive of VAT which cannot be recovered. Direct charitable expenditure include includes the direct costs of the activities. Where such costs relate to more than one functional cost category, they have been apportioned in line with the direct costs of the relevant service.
## **4. Taxation**
EBWA is a registered charity and is not liable for corporation tax on its income under section 505 of the Income and Corporation Taxes Act 1988 to the extent that it is applied to its charitable activities.
## **5. Fund Accounting**
Fund accounting unrestricted funds are available to spend on activities that further any of the purposes of charity.
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## **6. Support Cost**
Allocation of support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Support costs include back-office costs, finance, personnel, and governance costs which support the Charity activities. These costs have been allocated between cost of raising funds and expenditure on charitable activities. The bases on which support costs have been allocated are set out in note 19.
## **7** . **Pension costs and other post-retirement benefits**
EBWA has set up a pension scheme to auto enrol staff to meet its legal compliance requirement.
## **8. Tangible Fixed Assets**
All Fixed assets are initially recorded at cost.
## **Depreciation**
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
20% per annum on a reducing balance.
## **9. Cash Flow Statement**
The trustees have taken advantage of the exemption in Financial Reporting Standard No 1 (revised) from including a cash flow statement in the financial statements on the grounds that the charity is small.
## **10. Status**
Enfield Bangladesh Welfare Association (EBWA) is a registered charity.
## **11. Staff Costs**
The total Salary Costs for the year was £6,844 including Tax, National Insurance Contributions and pensions. One part-time staff was employed during this financial year.
None of the employees received emoluments in excess of £60,000 in the year or the previous year.
Trustees are not remunerated
## **12. Debtors**
The organisation has no debtors.
## **13. Accruals and Creditors**
|**3. Accruals and Creditors**||
|---|---|
|Professional Fees|**2021**
**2020**
**£**
**£**
500
650|
||**500**
650|
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## **14. Tangible Fixed Assets**
|**4. Tangible Fixed Assets**||
|---|---|
|**At Cost**
**Depreciation:**
At 1 April 2020
Charge for the year
At 31st March 2021
**NET BOOK VALUE**
At 31 March 2021
At 31 March 2020|**Computers**
**&**
**Equipment**
£
11,506
10,638
174|
||10,812|
||694|
||868|
## **15. Restricted Fund Analysis**
|**Funder**
BBC Children in Need|**Balance**
**01-Apr-20**
**£**
3,529|**Income**
**£**
7,980|**Expenditure**
**£**
1,279|**Balance**
**31-Mar-21**
**£**|
|---|---|---|---|---|
|||||10,230|
*BBC Children in Need fund is to support our educational activities.
## **16. Designated Fund**
The executive committee of EBWA has resolved to create a property purchase and designated sum of £60,000.
## **17. Grant to provide charitable activities:**
|**Funder**
**Project and Purpose**
BBC Children in Need
Education project|**2021**
**£**
7,980
**7,980**|**2020**
**£**
7,011|
|---|---|---|
|||**7,011**|
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## **18. Direct Charitable Activities and Raising Funds**
|Salary Cost
Sessional Workers and Trainers
Volunteer Expenses
Venue Hire
Transport & Trip
Mela Expenses & Other events
Publicity, flyers and advert
Office Rent
Office costs & Utilities
Trustees Training & AGM Expenses
Legal and Professional fees
Insurance & Licenses
Depreciation
**Total Outgoing Resources**|**2021**
**£**
**6,844**
**330**
**-**
**-**
**-**
**-**
**-**
**6,187**
**1,824**
**-**
**550**
**531**
**174**
**16,441**|**2020**
**£**
14,506
7,240
560
2,925
2,890
6,530
260
7,688
2,231
412
650
515
217|
|---|---|---|
|||46,623|
## **19. Support and Governance Cost**
|Office Rent
Office Costs & Utilities
Legal and Professional fees
Insurance
Depreciation|**General Support**
**Governance**
**Total**
**£**
**£**
**£**
6,187
-
**6,187**
1,824
-
**1,824**
-
500
**500**
-
531
**531**
174
-
**174**|
|---|---|
||8,185
1,031
**9,217**|
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