2024-03-31-accounts

Enfield Bangladesh Welfare Association (EBWA) Registered Charity FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024 Charity number: 1055430

Enfield Bangladesh Welfare Association {EBWA) Legal and Administrative Information For the year ended 31 March 2024 Executive Committee and Trustees: Mr Chaudhury Anwar MBE Ms Rehanaz Noor Mr Mohammed Rafiqul Alam Mr Mohammed Mizanur Rahman Ms Salma S Chowdhury Mr Ruhul Amin Mrs Sumona Chowdhury Mr Hamid Ullah Mr Mohammad Abu Mazhar Mr Kazi Alamgir Mr Abdul Wadood Masood Mrs Morsheda Begum Mr Fardoush Chowdhury Chairman - Not a trustee from 12th Sept 24 General Secretary Vice Chair Vice Chair Vice Chair Treasurer Chair- Women & Culture Chair - Youth & Sports Chair Social Welfare Chair Education Executive Member Executive Member Executive Member Address: 180 High Street Ponders End Enfield Middlesex EN3 4EU Charity Registration Number: 1055430 Independent Examiner: TACTS ACCOUNTANT Chartered Certified Accountants 61 Fountains Crescent London N14 6BD

Enfield Bangladesh Welfare Association (EBWA) FINANCIAL ACCOUNTS FOR YEAR ENDED 31ST MARCH 2024 CONTENTS Pages 4-5. Trustees Report Independent Examiners Report Statement of Financial Activities Balance Sheet 9-12. Notes to the Accounts

Enfield Bangladesh Welfare AssocRation (EBWA) Report of the Trustees For the year ended 31 March 2024 The trustees are pleased to present their annual report for the year ending 31 St March 2024. 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 i. 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 povety 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.

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 for the funding from Big Lottery who supported our cost-of-living project. We are grateful for the ongoing support from our member's contributions which help the sustenance of the organisation, luncheon club and trip activities Future plans In 2024-25 we plan to continue 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 appoint an accountant as Independent Examiner for the following year which is under review. Signed on behalf of the trustees and committees Ms Rehanaz Noor (General Secretary) Date: 3010912024

Independent examiner's report to the trustees of Enfield Bangladesh Welfare Association (EBWA) I reporl on the accounts of the Trust for the year ended 31S1 March 2024, which are set out on pages 7 to 12. Respective responsibilities of trustees and examiner The chlarity'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 ne8ded. 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 seclion 145{5)Ibl 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 wilh 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 accounls, 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 lo whether the accounts presenl 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 (21 to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. Date: 3010912024 Chartercd Certified Accountant T ACTS Accountant. 61 Fountains Crescent, London, N14 6BD

ENFIELD BANGLADESH WELFARE ASSOCIATION (EBWA) STATEMENT OF FINANCIALACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024 Total Total Fund Fund 2024 2023 Notes Unrestricted Restricted fund fund INCOMING RESOURCES Voluntary IncomelDonation 5,279 5,279 2,456 Grants to provide charltable activities: Big Lottery Fund - Cost of Living project Claremont Community (17) (17) 50,000 2,000 50,000 2.000 Other Income: Pitha Mela Stall Contribution Trip Contribution 320 3.105 320 3,105 370 1,835 TOTAL INCOMING RESOURCES 8,704 52,000 60,704 4,661 RESOURCES EXPENDED Cost of raising funds (18) 2,500 Expenditure from charitable activities (18) 8,705 50,000 58,705 32,331 TOTAL RESOURCES EXPENDED 8,705 50,000 58,705 34,831 Net Incomings and (Outgoings) 2,000 2,000 30,170 Balances Brought Forward 55,705 85,875 Balances Carried Forward 55,705 2,000 57,705 55,705 There were no reco9nised gains or losses for the above period other than those shown in the stslement of financial activities for the above financial year. All incoming resources and resources expended are derived from continuing activities. (The notes attached fonn part of these financial statemenlsl

ENFIELD BANGLADESH WELFARE ASSOCIATION (EBWA) BALANCE SHEET AT 31 MARCH 2024 Notes 2024 2023 FIXED ASSETS Tangible assets (14) 354 443 Current Assets Cash at Bank and in Hand 63,451 55,647 Current Liabilities Creditors.. Falling due within one year Accruals and creditors (13) 6,100 385 Net Current Assets 57,351 55,262 Net Assets 57,705 55,705 As Represented By: Restricted Fund Unrestricted fund Designated Fund (15) 2,000 15,705 40,000 15,705 40,000 (16) Total Funds 57,705 55,705 The accounts were approved by the Trustees on 3010912024 and signed on their behalf by: Ms Rehanaz Noor (General Secretary) Mr Ruhul Amin (Treasurer)

Enfield Bangladesh Welfare Associatlon (EBWA) Notes to the Financial Statements For the year ended 31 St March 2024 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)Preparalion 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 re￿1vable 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.

1. 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.
2. Pension costs and other post-retirement benefits EBWA has set up a pension scheme to auto-enrol staff to meet its legal compliance requirement.
3. 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: 200/0 per annum on a reducing balance,
4. 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.
5. Status Enfield Bangladesh Welfare Association (EBWA) is a registered charity.
6. Staff Costs The total Salary Costs for the year were £nil (£7,332 in 202212023) including Tax, National Insurance Contributions and pensions. There was no paid staff on payroll in this year. Trustees are not remunerated.
7. Debtors The organisation has no debtors.

8. Accruals and Creditors 2024 2023 Professional Fees Other Creditors (Cost of living project) 485 5,615 6,100 385 385 10

9. Tangible Fixed Assets Computers Equipment At Cost 11,506 Depreciation: At 1 April 2023 Charge for the year 11.063 89 At 31st March 2024 11,152 NET BOOK VALUE At 31 March 2024 354 At 31 March 2023 443

10. Restricted Fund Analysis Funder Balance 01-Apr-23 Income Expenditure Balance 31-Mar-24 Big Lottery Fund Claremont Community Total 50.000 2,000 52,000 50,000 2,000 2,000 50,000 'Big Lottery Fund was used to support cost of living crisis. Claremont Community will be used towards educational & health activities.
11. Designated Fund The executive committee of EBWA has resolved to designate a sum of £40,000 to cover for organisational risk, cash flow and maintain some core functional activities in case of loss in funding support and any delay in fund payments from funders.

12. Grant to provide charitable activities: Funder Project and Purpose 2024 2023 Big Lottery Fund Claremont Community Cost of living project Education and Health 50,000 2,000 52,000

13. Resources Expended Total Fund 2024 Total Fund 2023 Unrestricted Restricted fund fund RESOURCES EXPENDED Costs of raising funds Cost of living activities Salary Cost Sessional Workers and Trainers Volunteer Expenses Events and Elderly project activities Office Rent & Hall Hire Office costs & Utilities Legal and Professional fees Accountancy fee Insurance & Licenses Trip and educational activities AGM and Committee Meetings Depreciation 2,500 18,929 18,929 7,332 1,185 18,116 950 1,857 6,257 1,478 648 485 785 495 18,116 950 2.875 10,270 1,478 648 485 785 3,600 480 89 1.018 4,013 3,315 14,563 2,199 300 385 746 2,195 3,105 480 89 112 TOTAL RESOURCES EXPENDED 8,705 50,000 58.705 34,831

14. Support and Governance Cost General Support Governance Total Office Rent Office Costs & Utilities Accountancy fee AGM and Committee Meetings Insurance Depreciation 8,738 1,478 8,738 1,478 485 480 785 89 12,055 485 480 785 89 10,305 1.750 12