BANGLADESH YO[ll AND CULTURAL SHOMtTI (A company limited by guarantee) Report and Financial Statements Year ended 31st March 2024 Charity number. 1075077 Company number: 3700476
BANGLADESH YOUTH AND CULTURAL SHOMITI (A company limited by guarantee) CONTENTS Page Charity Reference and Administrative Details Report of the Management Board Independent Examiners Report Statement of Financial Activities Balance Sheet Notes to the Accounts 10- 18 Income & Expenditure- Consolidated 19 Income & Expenditure- Main Account 20 Income & Expenditure - General Reserves 21 Page I
BANGLADESR YoirrH AND CULTURAL SHOMrri (A company limited by guarantee) Cbarity Reference and Administrative Detsils Charity number: 1075077 Company number: 3700476 Principal Office: 30-32 Biddulph Street Leicester LE2 IBF Trustees: Abdul Bari Nazrul Miah Zahirul Haque Majibur Rahman Azizur Rahman Anjuman Miah Mosarrof Hossain Zakaria Gulam Wahid Abdur Rahim Chowdhury Humayun Kabir Moymun Nessa Anwara Bibi Bala Bibi Ahmed Mohammed Abdus Salam Badrul Islam Ruhel Miah Chairy)erson Vice-ChaiTperson Treasurer Honorary Secretary Publicity Secretary Women Secretary Cultural Secretary Sports Secretary Management Board Member Management Board Member Management Board Member Management Board Member Management Board Member Management Board Member Management Board Member Management Board Member Independent Examiners: Celerica Ltd Chartered Certified Accountants First Floor, The Old Chapel 9 Kempson Road Leicester LE2 8AN Bankers Barclays Bank plc Leicester LE87 2BB Page 2
BANGLADESH YOUTH AND CULTURAL SHOMrri (A company limited by guarantee) Report of the Management Board for the year ended 31st March 2024 The trustees present their report and unaudited financial statements of the charity for the year ended 31 March 2024. Thc trustees have adopted the provisions of the Statement of Recommended Practice (SORP) "Accounting by Charities" (FRS 102) in preparing the annual report and fmancial statements of the charity. Trustees of the chari The directors of the charitable company (the cbarity) are its trustees for the purpose of charity law and throughout this report are collectively referred to as the Management Board. The Management Board serving during the year and since the year end were as follows: Abdul Bari Nazrul Miah Zahirnl Haque Maj ibur Rahman Azizur Rahman Anjuman Miah Mosarrof Hossain Zakaria Gulam Wahid Abdur Rahim Chowdhury Humayun Kabir Moyinun Nessa Anwara Bibi Bala Bibi Ahmed Mohammed Abdus Salam Badrul Islam Ruhel Miah Chairperson Vice-Chai4)erson Treasurer Honorary Secretary Publicity Secretary Women Secretary Cultural Secretary Sports Secretary Management Board Member Management Board Member Management Board Member Management Board Member Management Board Member Management Board Member Management Board Member Management Board Member Ob ectives & Activities The Bangladesh Youth and Culturdl Shomiti is a charitable organisation providing lifelong learning and community development activities for people, mainly but not cxclusively of Bangladeshi descent, living in Leicester helping them to take advantage of the opportunities of society today. Public Benefit Statement The Management Board have considered the general guidance on public benefit issued by the Charity Commission and taken duc regard of that guidance. The Managemenl Board consider that they are satisfied that the charity's activities do provide a wide public social benefit. AchieveRllents and erformance The main areas of the charitable activities are offering education and training for literacy and numeracy, as well as inforniation, advice & guidance to people of all ages and background. The organisation also provides women only sessions when needed. The Shomiti has been recognised by Investors in People and is Matrix accredited for advice services. Page 3
BANGLADESH YoufH AND CULTURAL SHOMrrI (A company limited by guarantee) Report of the Management Board for the year ended 31st March 2024 (Continued) Achievements and erforniance continued The Shomiti is registered with Highfield Awarding Body for Compliance (HABC), Assessment and Qualification Alliance (AQA), Cambridge ESOL examination board and City & Guilds. In March 2024, the charity was successful in attracting capital grants for essential repairs and development works at its Biddulph Street site. The funds were awarded by the Community Ownership Fund of the Department for Levelling Up, Housing. and Conllnunities, recently renamed as the Ministry of Housing, Communities and Local Government (£409,653 Capital Grant plus £24,000 Revenue Grant for alternative venue hire and stordge during construction). These funds will be received during 2024-2025. FinAncial Revlew Income has fallen by £64,253 during the year, thi's relates to a reduction in the grants from many funders detailed on page 13 of the financial statements. coeSpOndIng expenditure has also fallen by £18,540. This has resulted in a net deficit for the year of £41.569. Plans for Future Perlods The charity plans to continue the activities outlined above, in the ensuing years to obtaining satisfactory funding arrangements. Structure Governance and Mana ement Governin Document The organisation is a charitable company limited by guarantee. Its objects are to provide training, recreational, social and cultural aclivities for individuals from the City of Leicester. The company was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Association. Recruitment and A ointment of the Board of Directors The directors of the company are also charity trustees for the purposes of charity law and under the ompany's Articles are known as members of the Management Board. All members have to be re- elected every three years at the annual general meeting. New members of the Board must be members of the Shomiti with due consideration taken by existing members of the new members, suitability before being elected. Mana emenl Board Induction and Trainin The management board are recruited locally and appointed at the Annual General Meeting. As all of the management board must be members of the Shomiti, they are familiar with the practical work of the clwity and its objectives. Each potential board member is given a brief which includes a role description, inforniation about the service and legal responsibilities of management board / company directors. In-house tining is provided. Page 4
BANGLADESH YOtrrH AND CULTURAL SHOMrri (A company limited by guarantee) Report of the Management Board for the year ended 31st March 2024 (continued) Risk Mana ement The management board are aware of the significant risks to the funding and review the situation at every Management Board meeting. Appropriate plans to deal with this are in place and are continually monitored. Procedures are also in place to monitor the health and safety of all of the Shomiti's staff members and visitors to the centre. Strncture Governance vand Mana ement Continued anisation The Bangladesh Youth and Cultural Shomiti has a management board of 16 members who meet regularly and are responsible for the strategic direction and policy of the Shomiti. The Management Board work as a team with a scheme designated in place to ensure the charity delivers and maintains the services specified. The charity has a significant number of volunteers who are supported and supervised by the relevant service manager. An annual review of their work is also carried out. Reserves Polic The Management Board have examined the charity's requirements for reserves in light of the main risks to the organisation. The Charity does not have any reserves at present as nearly all of its funds have been allocated. The charity is working towards building reserves in the future. Mana ement Board's Res onsibilities in Relation to tbe Financial Statements The mdndgement board (who are also directors of the charity for the pUOSeS of company law) are responsible for preparing the Report of the Management Board and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the management board to prepare fmancial statements for each financial year, which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing these Financial Statements, the Management Board are required to". select suitable accounting policies and then apply them consistently. observe the methods and principles in the Charities SORP 2019 (FRS102)' make judgements and estimates that are reasonable and prudent. state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements. prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in operation. The management board are responsible for keeping adequate accounting records that disclosc with reasonable accuracy at any time the fmancial position of the charitable company 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 charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Page 5
BANGLADESII YOUTH AIYD CULTURAL SIIOMITI (A conipani, liniited bi, guarantee) Report of the Management Board for the )'ear ended 31st March 2024 (continued) ement Board's Res onsibilities in Relation lo the Financial Stalemenls Conlinued Tlie managpeincnt l)oard are responsible for the Jnainlevlance and inlegvriiy of the corporale aiid fiiiclncial infoniialioii included on tlie charilable coiiipany s ivebsite. Legislalioii in tlie Uiiiled Kiiigydoiii gpoverning tlie preparalion and disseminalion of financial slalemenls may diffeT froin lebiislation iii oil)er jurisdiLlions. Tliis report has been prepared in accordance wilh Part 15 of ilie Coinpanies Act 2006 relating to small companies. Approval Autliority to approve ihis report was made on 2 December 2024. By order ol" Ilie Maiiagieineiil Board ABDUL BARI Cliairperson Pagle 6
BANGLADESH YOUTH AND CULTURAL SHOMrri (A company limited by guarantee) Inde endent Examiner's Re ort to the Manyd Cultural Sbomiti for the ement Committee of Ban ear eDded 31 March 2024 ladesh Youth and We report to the charity trustees on our examination of the accounts of the company for the year ended 31 March 2024 which are set out on pages 8 to 18. Responsibilities and basis of report As the charity trnstees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act,). Having satisfied ourselves thal the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent cxamination, we report in respect of our examination of your company's accounts as carried out under section 145 of the Charities Act 2011 ('the 201 l Act,). In carying out our examination we have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. Independent examiner's statement We have completed our examination. We confirni that no matters have come to our attention in connection with the examination giving us cause to believe that in any material respect: accounting records were not kepi in respeci of the company as required by section 386 of the 2006 Acl. or the accounts do not accord with those records. or the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair view, which is not a matter considered as part of an independent examination. or the accounts have not been prepared in accordance with the methods and principles of ihe Statement of Recommended Praclice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). We 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 accounts to be reached. Celerica Limited Chartered Certified Accountants First Floor, The Old Chapel 9 Kempson Road Leicester LE2 8AN Dated: 2 December 2024 Page 7
BANGLADESH YOUTH AND CLILTURAL SHOMITI (LIMITED BY GUARANTEE) Company Number 3700476 STATEMENT OF FINANCIAL ACTIVITIES {including Income & Expendilure Account) FOR THE YEAR ENDED 31 MARCH 2024 2024 2024 2024 Total Funds 2023 Total Funds Unre5tricied Restriettd Funds Funds No Income and endowments from: Charitable activilies Other Investments 25.000 5.652 196,191 221,191 5.652 287.201 3,895 Tot*1 ineome and endowments 30,652 196,191 226,843 291,096 Expenditure on: Charitable aciivilies Raisin8 funds 25.000 243,412 268,412 285,556 ,396 TotAI expenditure 25,000 243,412 268.412 286,9$2 Net income l (expendlture) 5,652 {47,221) (41,569) 4.144 TrAnsfers between funds Net movement in funds 5,652 (47,221) (41,569) 4,144 Reconciliation of funds: Total funds broughi forward 98.930 94,840 193,770 189,626 Total funds carried forwArd 104,$82 47,619 152,201 193,770 All figu$ relate to Continuing operdtions. There weff no recognised gains or losses for the current or previous period other than as stated above. The movement in fund5 15 due to ihe net incoming resources for the year. Page 8
BANCLADESH YOIITH AND CULTUIL4L SHOIIIITI (LIIIIITED BY GU.41L4N'TEE) Compan!. Number 3700476 BALANCE SHEET AS AT 31 hlARCH 2024 2024 2023 FIXED ASSETS 343,6?8 343,504 CURRENT ASSETS Debiors & prepaynieni.s Ca411 al bank & in hand 10 126.403 8?,686 ?09.089 35.750 1 ?4.405 160.155 CURRENT LIABILITIES Crediior% 13,902 113,902 13,017 13.017 NET CURRENT ASSETS 95.187 147.138 TOTAL ASSETS 438,815 490,642 Creditor4: ainounls fallingy due after one year NET ASSF.TS 12 1114.089) (1?4.347) 16 324.726 366,29S FUNDS Uiiresiri¢ted Re4lricled 104.582 47.619 152.?01 172.5?5 324.726 98.930 94,840 193.770 172.525 366,295 Revaluation re.serve 'he Lliariiable iompai)y 1% eniiiled 10 exemplion froili audit under Seciion 477 of Ihe Conipanies Acl for the year ended 31 March 2024. Tlie meinber% have not required the charilable Lompany lo obtain an audit of the fiiiancial sialeinent for the year ended 31 MarLh 2024 in accordance with Seclion 476 of ihe Companies Acl 2016. Tlie Iru%lee% a¢knowledgFe Ilieir re%ponsibililies for- en%uringi Ihal the charitable company keeps accounling records that comply willi Sections 386 and 387 of the Companies Act 2006 and preparing linancial stalemenis which ¥ive a true and fair view of ihe %lale of the charilable company a% at Ihe end of the financial year and of il.% surplus or deficii for each financial year in accordance with the requirements of Seclions 394 and 395 and which oilierwise coiiiply wilh Ihe requirenienl% of the Companies Act 2006 relatin¥ lo financial slalenienls, so far as applicable io a charitable ¢on)pany. b) Tliese tinancial slalemenls have been approved in accordance with the special provisions of Part 15 nf the Con)panies Act 2006 relaiing lo .4iiiall charitable con)panies. The financial slalemenls were approved by the Board of Truslees on 2nd December 2024. Abdiil Bari - Chairperson Zahirul Haque- Treasurer The notes forni part of ihe4e financial slalements Page 9
BANGLADESH YOUTH AND CULTURAL SHOMITI (LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 l Accounting Polteies l. Summary of significant accounting polities Gener41 inforniation and basis of preparntion The charity is a registered charity in England and Wales and also a company ihat Is also limited by guarantee. In the event of the charity being wound up. the liabilily in respect of the guarantee is limited to £ I per member of the Charity. The address of the charity's head office is given on page 2 of ihese financial statements. The nature of the chariws operations and principal activities detailed on page 3 of these financial ststements. The charity constituies a public benefil enlity as defined by FRS 102. The financial staiements have been prepared in accordance with Accounling 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 issued in October 2019, the Financial Reporting Siandard applicable in the Uniied Kingdom and Republic of Ireland (FRS 102). Ihe Charilies Act ?01 I, the Companies Act 2006 and UK Generally Accepted Accounting practice. The financial statements have been prepared to gTve a "true and fair" view and have departed from the Charities (Accounts and Reports) Regulalions 2008 only lo the extent required to provide a "true and fair" view. This departure has involved following the Accounling and Reporting by Charities: Staiement of Recommended Practice applicable to charities preparing iheir a¢¢ounts in accordance with the Financial Reportin8 Standard applicable in ihe UK and Republic of Ireland {FRS102) issued October 2019 rather (han ihe Accounting and Reporting by Charities: Statemeni of Recommended Practice effective from l April 2005 which has Since been withdrdwn. The financial statements are prepared on a going concern basis under the historical cosi convention. modified to include certain items at fair value where considered necessary. The financial Stslements are presented in sterling which is the functional cUencY of the charity are rounded to the nearest pound. b Funds Unrestricted funds are available for use at the discrelion of the trusiees in furtherance of the general objectives of the charity and which have not bttn designated for other purposes. Designated funds comprise unrestricted funds that have been Set aside by the trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements. Restricted funds are fund5 which are to be used in accordance with specific re51rictions imposed by donors or which have ben raised by the charity for particular purp05e5. The cost of raising and administering such funds are Charged against the specific fund. The aims and objectives of each funding are included in the respective funding contract. Page 10
BANGLADESH YOUTH AND CULTURAL SHOMITI {LIMITED BY GUARAINTEE) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 (CONTINUED) l Ae¢ounling Policies (Continued) l. Summ2ry of signifieant accounting policies {Continued) Income recognition All incoming resources are included in the Siatemeni of Financial Activilies (SOFA) when the charity is legally entitled to the income after any perfomiance of ¢ondilions have been meL the amount can be measured reliably and it is probable that the income will be received. For donations to be recognised the charity will have been nolified of ihe amounts and the settlement date in wriling. If ihere are conditions artached io ihe donation and ihis requires a level of performance before enlitlement can be obtained then income is deferred until ihose conditions are fully mel or the fulfilment of those conditions is within the control of the chariiy and it is probable that they wi51 be fulfilled. Donated facilities and donaied professional services are recognised in income at their fair value when their economic benefit is probable, il can be measured reliably and the charity h&s control over the item. Fair value is d¢M)ined on the basis of the value of the gift to the charity. A corresponding amount is recognised in expenditure. No amount of time is included in the financial ststements for volunteer lime in line with SORP FRS (102). Further detail is given in the Trustees Annual Report. Gift5 in kind donated for resale are included ai fair value, being the expected proceeds from sale less the expected cost of the sale. Where esiimaiing the fair value is praciicable upon receipt it is recognised in Stock and "Income from other trading activilies" Upon sale. the value of stock is charged against "Income from trading activities" and the proceeds are reco8nised as 'lncome from other trading activilies" Where it is impracticable to fair value the items due to the volume of low value items they are not recogni5ed in the financial statements until sold. This is re¢ognised within "Income from trading a¢tivities Fixed assets gifts in kind are recognised when receivable are included at fair value. They are not deferred over the life of the asset. For le8a¢ies. entitlement is the earlier of the charity being notified of an impending distribution or the legacy being received. At this poinl incorne is recognised. On occasion. legacies will be notified to the charity however it 15 not possible to measure the amount expected to be distributed on these occasions, the legacy is treated a5 a contingent asset and disclosed. Income from irdding aclivities includes income earned from ndraising events and trading activilies to raise funds for the charity. Income is received in exchange for supplying goods and services in order to raise funds and is recognised when entitlemeni has occurred. Investment income is earned through holding assets for investsnent purposes such as interest. Interest income is recognised using the ¢ff¢¢tive interest mdhi)d. Any dividend and rent income is recognised as the charity's right to receive payment is ¢5tablish¢d. Page11
BANGLADESH YOUTH AND CULTURAL SHOMITI (LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS roR TIIE YEAR ENDED 31 MARCII 2024 (COIYTINUED) l Accounting Poli¢ies (Continued) SummAry of significant accounting policies (Continued) Expenditure recognition All expenditure is accounted for on an a¢enlS basis and has been classified under headings that aggregate all ¢osts related io the category. Expenditure is recognised where there is a legal or constructive obligation to make payments to third parties, it is probable that the settlement will be required and the amount of the obligation can be measured reliably. It is categorised under the following headin8S'. Charitable activities Raising funds Other expenditure represents those items not falling inio the above categories. Irrecoverable VAT is charged as an expense againsi ihe activity for which the expenditure arose. Support ¢osts allocation Support costs are those ihai &ssisi the work of the charity but do not directly represeni charitable activities and include offi¢e Cosis, governance costs and administrnlive costs. They are incurred directly in support of expendilure on ihe objecls of the charity. Fundraising costs are those incurred in seeking voluntary contribulions and do not include the costs of disseminaiing infomialion in support of the charitable activities. The analysts of these costs are included in noie 5. Tangible fixed assets Tangible fixed asseis are $ed at cost less depreciation. Depreciation is provided at rates cal¢ulat¢d to write off the cost or valuation of fixed assets, less capital grant received and their e5timaied residual value over expected useful lives on the following basis:. Freehold property Fixtures, fittings and equipment Not depreciated Between 500/0 and l OOO/ The freehold property is not deplated since il is the opinion of ihe Management Board that it's market value is in excess of its book value. It is a requirement from ihe Companies Act 2006 and FRS102 to charge depreciation on all tangible fixed a55els. bul in the opinion of the management board, Ihe valuation as stated provides a true and fair view. The varying depreciation rate for fixtures, fittings and equipment is justifiable as the composition of some of these assets wear more than others. The rate of application is decided by the Management Board. Provisions Provisions are recognised when the charity has an obligation at the balance sheet date as a result of a past event, It is probable that an outflow of ewnomic benefits will be required in settlement and the amount can be reliably estimated. LeAses Rentals payable or receivable under operating leases are charged to the SOFA on a Straight line basis over the period of the lease. Page 12
BANGLADESH YOUTH AND CULTURAL SHOMITI (LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 (CONTINUED) l Accounting Policies (Continued) I. Summary of significant accounting policies (Continued) Taxation No provision has been made for taxation as the charity's charitable ststus renders it ¢xempi from UK direct laxation. j Going concern The financial statements have been prepared on a going concern basis as the trustees believe that no material uncertainties exist. The trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from auihorising ihe financial statements. The budgeted income and expenditure is sufficient with the level of reserves for the charity to be able to continue as as a going concem. 2 Income from charitable aclivities Incoming resources from charitable activities comprise: 2024 2023 Unrestricted Restricted TOTAL TOTAL V AL - BBO Leicestershire Consultation Lloyds Bank Foundation Positive Communities Future- IAG National Grid Sport England Dementia Grants 4.160 4,160 25,000 40J42 61,989 i 0,000 5,000 96,106 25,000 40,342 61.989 10,000 5,000 6J,222 72,673 S,OIH) LCC UKSPF Everyday English Western Power Distribution NCS Trust Locality NHS Super Vaccinator Project Leicester City Council - Multiply PCC Leicestershire - Our Place Highfields National Lottery Community Fund - Architect Fees National Lottery Community Fund LCC Ward Fund LRCF Coronavirus Support Fund (DCMS) ESOL Lessons for Connexions 4,000 10,000 30,901 3,800 30,901 3,800 4,600 4,500 2,100 10,000 24,000 24,000 9,999 1,000 9,999 1,000 20,000 1,000 1.000 I,iJoo 25,000 196,191 221,191 287,201 Page 13
BANGLADESH YOUTH AND CULTURAL SHOMITI (LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 (CONTINUED) 3 Other income 2024 2023 Unrestricted Restricted TOTAL TOTAL Membership fees Bangla school income Other 167 1.514 3.971 5,652 167 1.514 3,971 5,652 156 .717 2.022 3,895 4 1nve$tm¢nt income 2024 Restricted TOTAL 2023 nrestri OTAL Bank inierest received 5 Expenditure on charitable a¢¢ivilies 2024 Unrestricted Rtstrieted TOTAL 2023 TOTAL Dlr¢¢t Ch$ritable: Staff cost5 Training Equipment leasing Equipment ort Costs: Light & heat Insurance Repairs Rales & water Building mainlenance & cleaning Postage, stationery & printin8 Telephone Miscel laneous Travel expenses Depreciaiion Governance: Bookkeeping & payroll Independent examiners fees Affiliation fees & sub5cription5 Advertising & publicity Legal & professional expenses Bank charges Bank loan interest 10,000 182,686 330 699 192,686 220.646 330 699 699 135 5,000 7,629 3,269 8.512 1,497 7.335 2,348 3.959 2,151 1,938 12.629 3,269 9.512 1.497 7,335 2.348 3,959 2.151 ,938 8,304 2.970 3,433 753 3,796 3.171 3,406 13 1,114 4.491 1,000 1.620 1.500 2,096 400 5.730 134 8,448 1.620 1,500 2.096 400 14,730 134 8.448 1,152 1.500 6,765 4.202 12,520 172 6.197 9,000 25,000 243.412 268,412 285,556 Page 14
BANGLADESH YOUTH AND CULTURAL SHOMITI (LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 {CONTINUED) Expenditure on raising funds 2024 2023 Unrestrieted Restricted TOTAL TOT AL Activity expenses Total 1,396 1,396 Wages and s*lAries 2024 2023 Salaries So¢ial security costs 185,331 211.578 7,355 9.068 192.686 220,646 Average number of employees analysed by function: Provision for opportunities.. Full time Part Time 17 21 18 All Slaff are employed by the charity and no employee received in excess of £60,000 per annum. Independent examiner's fees 2024 2023 Independent examiner's fees Other services 1,500 ,620 3,120 .500 .152 2,652 Page 15
BANGLADESH YOUTH AND CULTURAL SHOMITI (LIMITED BY GUARANTEE) NOTES TO THE ACCOV]YTS FOR THE YEAR ENDED 31 MARCH 2024 (CONTINUED) 9 Fixed assets & Alierations ment ui COST: As al l April 2023 Additions Disposals As at 31 March 2024 343,001 156,879 1,255 499.880 1.255 343,001 158,134 501.135 DEPRECIATION: As at l April 2023 Charge for the year Eliminaied on disposals As ai 31 March 2024 156,376 156.376 157,507 157.507 NET BOOK VALUE.. As al 31 March 2024 343,001 627 343,628 As al 31 March 2023 343.001 503 343,504 Cost or valuation al 31 March 2024 is represented by: Fixlures ui Freehold 170,476 172,525 Total 171,103 172,525 Cost Revaluation Reserve 627 343,001 627 343,628 The Freehold Propert). and alieralions comprise of.. O l M)nl¢ Road. L¢i¢¢ster. LE2 1 BF Cost O l Myrtle Road. L¢i¢¢sier. LE2 1 BF ReN'aluaiion 170.475 172.525 343.000 30-32 Biddulph Street. Leicester. LE2 IBF Total 343.001 * The cost of 30-32 Biddulph Sireet has been confirmed and revaluation has undertaken on the grounds th r¢stri¢tive covenanis have been applied on ihe property. Page 16
BANGLADESH YOL TH AND CULTURAL SHOMITI {LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 (CONTINUED) 10 Debtors 2024 2023 Prepayments Other debior5 126.403 126,403 35,750 J I Creditor$ 2024 2023 Bank loan and overdraft Trade creditors Accruals and deferred income 11,000 91.037 11.865 113,902 11.152 1,865 13,017 12 Creditors: amounts falling due after one yer 2024 2023 Bank loan and overdraft 114,089 124J47 Bank loan is secured by a legal charge dated I sl March 2004 over the company's freehold property. 13 M4ngement board No emoluments or expenses were paid lo any members of the Management Board during the year. 14 Controlling interest The Company is controlled by the Managemeni Board. IS Sh¥r¢ c8pit41 The company is limited by guarantee. The members have agreed to contribule to the assets in the evenl of winding up to an amount not exceeding £1. Page 17
BANGLADESH YOUTH AND CULTURAL SHOMITI (LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED31 MARCH 2024 (CONTINUED) 16 Analysis of net assets between funds Revaluation Unrestricted Restrieted Reserve Funds Funds Total 2024 Total 2023 Fund balances at 31 March 2024: Tangible fixed assels Net current assets 172,525 83,514 (35,895) 256,039 68,687 250,504 115.791 104,582 172,525 104,582 47,619 324,726 366,295 17 Movements in funds Balance Incomin 0110412023 Resources Out oin Resources Total 3110312024 Transfer Unreslricted Funds General Fund Restricted Funds Main Account Revaluation Reserve Revaluation Reserve 98,930 30.652 (25,(K)O) 104,582 94.840 196,191 (243,412) 47,619 172.525 366,295 172,525 324,726 226,843 (268,412) 18 Capital commitments As at 31 March 2024, there were no capital commitments. 19 Statement of total recognised gains and losses for the year ended 31st March 2024 2024 2023 Net income / (expenditure) Unrealised Surplus on Revaluation (41,569) 4,144 Total Recognised Gains and Losses (41,569) 4,144 Page 18
BAGLADESH I'OI:TH.4ND CI'LTI'RAL SHOIIITI LI%IITED BI, GI',AIL4NTEE Con501id8t ded 3151 Il¥rcb 2 for the 'e*r 24 2024 2023 Income VAL- BBO Leicestershire Consultation Lloyds Bank Foundation Positive Communities Futures - IAG National Grid Sport England tkmentia tirants LCC UKSPF EI'cTJday F.nglish Western Poi¥'er Distribution NCS Trust Locality NIIS Super Va¢¢inalor Project .eicester City Council Multiply PCC l.eicestershire - Our Place Highfields National Lottery Community Fund National Lottery Community Fund- Architect Fees LCC WaTd Fund LRCF Coronavirus Suppon Fund IDCMSI ESOL ikssons for Connexions Other 4.160 25.000 40.342 61.989 10.000 5,000 96,106 61.222 72.673 5.000 4,000 i 0.000 30,901 3,800 4.600 4.500 2.100 24.000 9.999 10.000 1,000 20,000 1,000 3,895 291,096 1.000 5.652 226,843 14e$$ Expendlivre SiatT¢osis Rales & waier l.ight & heal Insurance TTaining Eluilding rnainl¢nan¢¢ & cleanin8 Equipmcnt leasing Repairs Equipment Actil'ities Postage. stationery & prinling Telephone Miscellaneous Traiel expenses Bookkeeping & payroll Independent examiners fees A1]iatiOn fees & subscriptions Advertising & publicity Legal & professional expenses Bank charges Depreciation Bank loan int¢rest 192.686 .497 12.629 3.269 330 7.335 699 9.512 220.646 753 8.304 2.970 117 3.796 699 3.433 135 1.396 3.171 3.406 13 2.348 3.959 2.151 1.938 1.620 1.500 2.096 400 14.730 134 1.152 1.500 6.765 4.202 12.520 172 4.491 6.197 8.448 268.412 141,569) 286.952 4.144 Ntt (deficit) incomf for tbe )'¢4r Fund balance brought forward 193,770 189.626 Fund bal3Thce carried f(trrward 152JOI 193,770 This page does noi forni part of th¢ statutory financial stat¢m¢nts Page 19
BANGL,IDESH I'OI"TH AN'D CilLTI'RAL SHOIIITI LI.IIITED BI. GI ARANTEE lain .4¢fount for the )'e*r tttdtd 31st Ilarth 2024 2024 2023 Ine&me VAL - BBO Lct¢¢st¢rshire Con5ultalion Positive Communiti Futur¢s- IAG National Grid Sport England Demeniia Grants LCC UKSPF Everyday English Western Power Disiribuiion NCS Trust Locality NHS Super Va¢cinaior Project Leicester City Council Multiply PCC L¢h¢¢siershire- Our Plac¢ Highfield5 Naiional l.ottery Communit), Fund Naiional Lotiery Community Fund - Architect Fees LCC Ward Fund LRCF Coronavirus Support Fund IDCMS) SOL Lessons for Connexions 4.160 40,342 61,989 10.0 96,106 61,222 72,673 10.000 30.901 3,800 4.600 4.500 2,100 24.Otx) 9,999 10,000 20.000 1,000 196.191 287,201 Less Expendlture Staff ¢osis Training allowance Rales & water Light & heal Insuran¢¢ Training Building mainienon¢e & ¢legJ)in8 Equipment le&sin8 Repairs Equipment Activities Postage, s(ationery & priniin8 '] elephone Mis¢ell#neous Travel expenses Bookk¢¢ping & payroll Independen( examiners fees Affiliation f¢¢% & subs¢TIPlions Advertising & publicity Legal & Professional expense5 Bank ¢harg¢s Depreciation Bank loan intercst 182,686 220,646 ,497 7,629 3,269 330 7.335 699 8.512 753 ,304 2,970 117 3.796 699 3.433 135 1.396 3,171 3,406 13 2,348 3.959 2.151 1,938 1.620 1.500 2.096 400 5,730 134 1,152 1.500 6.765 4.202 12,520 172 4.491 6.197 8.448 243.412 {47221) 286.952 249 Net income Ideficitl for the )'ear Fund balance brought fonvard 94%0 Transfer from unr¢strict¢d fuDd5 Fund balanfe Carri forward 47,619 94,840 This page d$ not form part of ihe statutory financial stslenKnts Page 20
BANGLADESH I'OUTH Af4D CULTUIL4L SHOfvIITI LII¥IITED BY GUARANTEE General Reserves ear ended 31$t March 2024 for the 2024 2023 Incorne Llo>'ds Barkk Foundation Other 25.000 5.652 30.652 3,895 3,895 Less Expenditure Stafi. cosls Training allowance Rent Rates & waier Ligh( & heal Insurance Training Building maintenance & cleaning Equipment leasing Repairs Deprecialion Summer Playscheme Aciivities Pusld¥e. slalion¢ry & prinliny Telephone Misc¢llan¢ou$ Trav¢S exp¢n5¢5 Bookkeeping & pa>'roll Independent examiners fees AtTiliation fees & subscriptions Advertising & publicity L¢gal & professional expenses Grants lo other organisations Bank charges Bank loan interest lo.0 9.iKIO 25.000 5,652 Net income for the year 3095 Fund balAn¢e brought forward 98,930 95,035 Transfer to restricted Funds Fund balance carried forJv*rd 104.-$82 98.930 This page does nol lom) pai1 of the stalutory financial statements Page 21