BANGLADESH YOUTH AND CULTURAL SHOMITI (A company limited by guarantee) Report and Financial Stgtements Year ended 31st March 2025 Charity numkr: 1075077 Company number: 3700476
BANGLADESH YOUTH ANDCULTURAL SHOMITI (A company limited by guarantee) CONTENTS Page Charity Reference and Athninistrative tktails Report of the Management Board Independent Examiners Report Statemenl of Financial Activities Balance Sheet 9- 10 Notes to the Accounts Income & Expenditure- Consolidated 20 Income & Expenditure- Main Account 21 Income & Expenditure- General Reserves 22 Page I
BANGLADESH YOUTH AND CULTURAL SHOMITI (A company limited by guarantee) Charity Reference and Administrative Details Charity number: 1075077 Company number: 3700476 Principal OtTice: 30-32 Biddulph Street Leicester LE2 IBF Trustees: Alxlul Bari Nazrul Miah Zahirul Haque Majibur Rahman Azizur Rahman Anjuman Miah Mosarrof Hossain Zakaria Gulam Wahid Humayun Kabir Moymun Nessa Bala Bibi Ahmed Badrul Islam Ruhel Miah Chairperson Vice-chairperson Treasurer Honorary Secretary Publicity Secretary Women Secre Cultural Secretary Sports Secretary Management Board Member Management Board Member Management Board Member Management Board Member Management Board Member Independent Examiners: Celerica Ltd Chartered Certified Accounlants Firsi Floor, The Old Chapel 9 Kempson Road Leicester LE2 8AN Bankers Barclays Bank plc Leicester LE87 2BB Page 2
BANGLADESH YOUTH AND CULTURAL SHOMITI (A company limited by guarantee) Report of the Management Board for the year ended 31st March 2025 The trustees presenl their report and unaudited financial statements of the charity for the year ended 31 March 2025. The teeS have adopted the provisions of the Statement of Recommended Practice (SORP) "Accounting by Charities" (FRS 102) in preparing the annual report and financial statements of the charity. Trustees of the Chari The directors of the charitable company (the charity) are ils trustees for the purpose of charity law and throughoul 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 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 Shiuli Rahman 24.11.25) Chairperson Vi¢e-Chairperson Treasurer Honorary Secretary Publicity Secretary Women Secretary Cultural Secretary Sports Secretary Management Board Member (Resigned 03.07.25) Management Board Member Management Board Member Management Board Member (Resigned 08.12.24) Management Board Member Management Board Member (Resigned 08.12.24) Management Board Member Management Board Member Management Board Member (Appointed 08.12.24 and Resigned Ob'ectives & Activities The Bangladesh Youth and Cultural Shomiti is a charitable organisation providing lifelong learning and community developmenl activities for people, mainly but not exclusively of Bangladeshi descent, living in Leicester helping them to lake advantage of the opportunities of society today. Public Benefit Statement The Management Board have considered the general guidance on public benefil issued by the Charity Commission and taken due regard of that guidance. The Managemeni Board Consider that they are satisfied that the charity's activities do provide a wide public social benefit. Achievements and erformance The main objectives of the charity is to offer education and training for literacy and numeracy, as well as inforniation, advice and guidance to people of a]1 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 I'OUTH AND CULTURAL sHolITI (A compan), limited by guarantee) Report of the Management Board for the year ended 31st March 2025 (Continued) Achievements and erformance continued Tlie Shomili is registered with Highfield Awarding Body for Compliance (HABC), Assessinent and QualiEicalion Alliance (AQA), Cainbridge ESOL examination board and Ciiy & Guilds. In March 2024, the charity was successful in attracting capilal granls for essenlial repairs and developinenl works al its Biddulph Sireet sile. The funds were awarded by ilie Coininunily Ownersliip Fund of ihe Department for Levelling Up, Housing and Cominunities, recently renanied as the Ministry of Housing. Communities and Local Goven]nient (£409,653 Capital Grant plus £24.000 Revenue Grani for alternalive venue hire and slordge during construction). Tliese funds were lo be received during 2024-2025. As the project slrdddles accounting periods, £245,846 of this income was deferred. Financial Review Income has risen by £141,525 during the year, bul ihis is purely because of a one-off Capital Grant from Community Ownership Fund which amounled to £150,566. Expenditure has also increased by £160,142. This has resulied in a net deficit for ihe year of £60.186. Unrestricled reserves wenl up by £36.010 but £48,577 was transferred io cover Ihe oveTspeiid on restricted funds which can happen to fulfil the slandards the Cenlre wishes to attain. Plans for Future Periods Tlie charity plans lo continue the activities ouilined above. in the coining years, will) satisfactory fuiidin&7 a(inle1n¢nts. The Cenlre will also scek io continue lo build its unreslricted general reserves Ihroug¥h tnaking bids lo various funding organisations. Structure Governance and Mana ement Govemiii F Docuinenl Tlie orbiaiiisation is a charitable company limited by guarantee. Ils objecls are to provide training, recreational, social and cultural activities for individuals froin the City of Leicester. Tlie Lompany was established under a Memornndum of Associalion which eslablished the objects and powers of ihe charitable company and is governed under ils Articles of Association. Recruilinent and A ointmenl of the Board of Directors The direclors of tlie coinpany are also charily Irustees for ihe Purposes of charity law and under the company's Articles are known as Ineinbers of the Managemeni Board. All meinbers 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 laken by exisliiigy Ineinbers of the neK' members suilabiliiy before being elected. Mana einent Board Induction and Trainin The management board are recruiled locally and appointed at the Annual General Meeting. As all ot the managemeni board inust be meinbers of ihe Sliomili. they are familiar with tlie practical work of the charity and its objectives. Eacli potential board member is g*iven a brief wliiLlI includes a role descripiion, int"onnalion about Ilie service and legal responsibilities of nianagpeiiieni board I coinpaiiy directors. In-house training is provided. Page 4
BANGLADESH YOUTH AND CULTURAL SHOMITI (A company limited by guarantee) Report of the Management Board for the year ended 31st March 2025 (continued) Structur Governance and Mana ement Continued Risk Mana ement The management board are aware of the significant risks to the fvnding 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 healih and safety of all of the Shomiti's staff members and visitors to the centre. anisation The Bangladesh Youth and Cultural Shomiti has a management board of 16 members who meet regularly and are responsible for the slrategic direction and policy of the Shomiti. The Management Board work as a team with a scheme designated in place io 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 caled out. Reserves Polic The Management Board have examined the charity's requirements for reserves in light of the main risks to the organisation. Th¢ Charity does not have any reserves ai presenl 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 the Finaneial Statements The management board (who are also directors of the Charity for ihe PUryK)ses of company law) are responsible for preparing the ReFM)rt of the Management Board and the financial statements in accordance with applicable law and United Kingdom Accounting Slandards (United Kingdom Generally Accepted Accounting Practice). Company law requires the management bwd to prepare financial slatements for each financial year, which give a twe and fair view of the stale 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 Siatemenls, the Management Board are required to: select suitable accounting policies and ihen apply them consislently. observe the methods and principles in the Charilies SORP 2019 (FRS102); make judgements and eslimates 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 disclose with reasonable accuracy at any time the financial 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 irregularitie5. Page 5
BANGLADESH YOUTH AND CULTURAI. SHOMITI (A compan), limited bv guarantee) Report of the MaDagement Board for the vear ended 31st March 2025 (continued) Mana ement Board's Res onsibilities in ReIalion to the Financial Statements Continued The management board are responsible for the maintenance and integrity of the COOrate and finaiicial infomiation included on tlie charitable company s ivebsite. Legislation in the United Kingdom governing the preparation and dissemination of financial slatements may differ froin legislation in other jurisdictions. This report has been prepared in accordance with Pan 15 of the Companies Act 2006 relating to small companies. Approval Autliority to approve ihis report was made on 15 December 2025. By order of the Management Board ABDUL BARI Cliairperson Page 6
BANGLADESH YOUTH AND CULTURAL SHOMITI (A company limited by guarantee) Inde endent Examiner's Re ort to the Mana Cultufdl Shomiti for the ement Committee of Ban ear ended 31 March 2025 ladesh Youth and We report to the charity trustees on OUT examination of the accounts of the company for the year ended 31 March 2025 which are set out on pages 8 to 19. Responsibilities and basis of report As the charity trustees 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 that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and a eligible for independent examination, we report in respect of our examination ofyour company's accounts as carried out under section 145 of the Charities Act 2011 ('the 201 l Act,). In carrying out our examination we have followed the Directions given by the Charity Commission under section 145(5){b) of the 201 l Act. Independent examiner's statement We have completed our examination. We confiml 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 kept in respect of the company as required by section 386 of the 2006 Act. or the accounts do not accord with those re¢oTds' 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 the Statemenl of Recommended Practice 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 a¢counls to be reached. Celerica Limited Chartered Certified Accountants First Floor, The Old Chapel 9 Kempson Road Leicester LE2 8AN Page 7
BANGLADESH YOUTH AND CULTURAL SHOMITI (LIMITED BY GUARANTEE) Company Number 3700476 STATEMENT OF FINANCIAL ACTIVITIES (including Income & Expenditure Account) FOR THE YEAR ENDED 31 MARCH 2025 2025 2025 Unrestricted Restricted Funds Funds 2025 Total Funds 2024 Total Funds Note Income and endowmenls from: Charilable activities Other Investments 27.500 9,540 331.328 358.828 221,191 9.540 5.652 Total income and endowments 37,040 331 J28 368,368 226,843 Expenditure on: Charitable activities Raising funds ,030 426,489 1.035 427,519 268.412 ,035 Total expendlture 1,030 427,524 428,554 268,412 Net income l (expenditure) 36,010 (96.196) (60,186) (41,569) Transfers between funds (48,577) 48.577 Net movement in funds (12,567) (47,619) (60,186) (41,569) Reconciliation of funds: Total funds broughi forward 104,582 47.619 152.201 193,770 Total funds carried fonvard 92,015 92,015 152,201 All figures relate to continuing operdtions. There were no recognised gains or losses for the current or previous period other than as stated above. The movement in funds is due to the net incoming resources for the year. Page 8
BANGLADESH YOUTH AND CULTURAL SHOMITI (LIMITED BY CUARANTEE) Company Number 3700476 BALANCE SHEET AS AT 31 MARCH 2025 2025 2024 Note FIXED ASSETS 351,573 343,628 CURRENT ASSETS Debtors & prepayments Cash at bank & in hand 10 28294 353,416 381,710 126,403 82.686 209.089 CURRENT LIABILITIES Creditors 367,452 367,452 113,902 113,902 NET CURRENT ASSETS 14,258 95,187 TOTAL ASSETS 365,831 438,815 Creditors: amounts falling due after one year 12 (101,291) (114,089) NET ASSETS 16 264,540 324,726 FUNDS Unrestricted R¢stricted 17 92,015 104,582 47.619 152,201 172,525 324,726 17 92,015 172,525 264,540 Revaluation reserve 17 17 The charitable company is entitled to exemption frorn audit under Section 477 of the Companies Act for the year ended 31 March 2025. The members have not required the charitable cornpany to obtain an audit of the financial statements for the year ended 31 March 2025 in accordance with Se¢lion 476 of the Companies Act 2016. The trustees acknowledge their responsibilities for: ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of ihe Companies Act 2006 and preparing financial slatements which give a true and fair view of the state of the charitable company as at the end of the financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to a charitable company. b) Page 9
BANGLADESH YOUTH AND CULTURAL SHOMITI (LIMITED BY GUARANTEE) Company Number 3700476 BALANCE SHEET AS AT 31 MARCH 2025 (Continued) These financial slatemenls have been approved in accordance with the special provisions of Part 15 ot"Ilie Companies Aci 2006 relating to small charilable companies. Tlie financial statements were approved by tlie Board of TsleeS on 15th Deceinber 2025. Abdul Bari - Chairperson Zahirul Haque - Tr surer The notes fonn part of these financial slatemeiits Page 10
BANGLADESH YOUTH AND CULTURAL SHOMITI (LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 l Accounting Policies l. Summary of slgnifitant accounting policies General information and basts of preparatlon The charity is a registered charity in England and Wales and also a company thal is also limited by guarantee. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the Charity. The address of the charity's head office is given on page 2 of these fmancial statements. The nature of the charity's operations and principal activities detailed on page 3 of these financial statements. The charity constituies a public benefit entity &$ defed by FRS 102. 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 issued in October 2019, the Financial Reporting Stsndard applicable in the United Kingdom and Republic of Ireland (FRS 102). the Charities Act 2011, the Companies Aa 2006 and UK Generally Accepted Accounting practice. The financial statements have been prepared to give a "true and fair" view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a "true and fair" view. This departure has involved following the Accounting and Reporting by Charities: Statement of Recommended Praclice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) issued October 2019 raiher than the Accounting and Reporting by Charities: Stalernent of Recommended Practice effective from l April 2005 which has since been wiihdrawn. The financial statements are prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value where nSidered necessary. The financial stalements are presented in sterling which is the funclional currency of the charity are rounded to the neare51 pound. b Funds Unrestricted funds are available for use at the discretion of the trnstees in furtherance of the general objectives of the charity and which have not been 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 funds which are to be used in accordance with specific restrictions imposed by donors or which have been rnised by the charity for particular purposes. The cost of raising and administering such funds are charged against the specific fund. The aims and objectives of each fijnding are included in the respective funding contract. Page11
BANGLADESH YoirrH AND CULTURAL SHOMITI (LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 (CONTINUED) I Accounting Policies (Conllnued) l. Summary of signifi¢ant accounting policies (Continued) Income recognition All incoming resources are included in the Slalement of Financial Activities (SOFA) when the charity is legally entitled to the income after any performance of conditions have been met, the amounl can be measured reliably and it is probable that the income will be received. For donations to be recognised the charity will have been notified of the amounts and the settlement date in writing. If there are conditions attached to the donation and this requires a level of perforniance before enlitlement can be obiained then income is deferred until those conditions are fully met or the fulfilment of those Conditions is wiihin the control of the charity and it is probable that they will be fulfilled. Donated facilities and donated professional services are recognised in income at their fair value when their ewnomic benefit is probable, it can be measured reliably and the charity has control over the item. Fair value is deterniined 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 slalements for volunteer time in line with SORP FRS (102). Further detail is given in the Trustees Annual Report. Gifts in kind donated for resale are included at fair value, being the expected proceeds from sale less the expected cost of the sale. Where estimaling the fair value is practicable upon receipt it is recognised in stock and "Income from other trading activities" Upon sale, the value of stock is charged against "Income from trading activities" and the proceeds are recognised as "Income from other trading activities" Where it is impracticable to fair value the ilems due to the volume of low value items they are not recognised in the financial ststements until sold. This is recognised within "Income from trading activities" Fixed assets gifts in kind are recognised when receivable are included at fair value. They are noi deferred over the life of the asset. For legacies, entitlement is the earlier of the charity being notified of an impending distribution or the legacy being received. Al this point income is recognised. On occasion, legacies will be notified to the charity however it is not possible to measure the amount expected io be distributed on these occasions, the legacy is treated as a contingent assel and disclosed. Income from trading activities includes income earned from fundraising events and trading aclivities lo raise funds for the charity. Income is received in exchange for supplying goods and services in order to rdise funds and is recognised when entitlement has OCCUTred. Investment income is earned through holding assets for investment purposes such as interest. Int¢Test income is recognised using the effective inleresl method. Any dividend and rent income is recognised as the charity's right to receive payment is established. Page 12
BANGLADESH YOUTH AND CULTURAL SHOMITI (LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 (CONTINUED) l Accounting PolTeies (Continued) Summary of significant accounting polieks (Continued) Expenditur¢ recognltion All expenditure is accounted for on an accruals basis and h&$ been classified under headings that aggregate all costs related io the category. Expenditure is recognised where there is a legal or constructive obligation to make payinents lo third parties, it is probable that the settlement will be required and ihe amount of the obligation can be measured reliably. It is categorised under the following headings.. Charitable activities Raising funds Other expenditure represents those items not falling into the above categories. Iecoverable VA T is charged as an expense against the activity for which the expenditure arose. Support costs allocalion Support costs are those that assist the work of the charity bui do not directly represent charitable activities and include office cosls, governance costs and administrative costs. They are incurred directly in support of expenditure on the objects of the charity. Fundraising costs are those incurred in seeking voluntary contributions and do not include the costs of disseminating inforn]ation in support of the charitable activities. The analysis of these costs are included in note 5. Tangible fixed assets Tangible fixed assets are stated at cosi less depreciation. Depreciation is provided at rates calculated to write off the cost or valuation of fixed asseis, less capital grant received and their estimated residual value over expected useful lives on the following basis:. Freehold property Fixtures, fittings and equipment The freehold property is noi depreciated since it is the opinion of the Management Board that il's market value is in excess of its book value. 11 is a requirement from the Companies Act 2006 and FRS102 to charge depreciation on all tangible fixed assets. but in the opinion of the management board, the 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. Not depreciated Between 50 % and IOIY/o 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 ouiflow of economic 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 13
BANGLADESH YoirrH AND CULTURAL SHOMITI (LIMITED BY GUARALYfEE) IYOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 (CONTINUED) l Accounting Policies (Continued) l. Summary of significant accounting policies (Continued) Taxation No provision has been made for taxation as the charitys charitable status renders it exempt from UK direct taxation. j Going concern The financial statements have Ixen 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 authorising the 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 concern. 2 Income from ebaritable activilies Incoming resources from charitable activities comprise: 2025 2024 Unrestricted Restricted TOTAL TOTAL V AL - BBO Leicestershire Consultation Lloyds Bank Foundation Posilive Communities Future - IAG National Grid Sport England LCC UKSPF Everyday English NCS Trust Locality Leicester City Council - Multiply The National Lottery Community Fund (TNLCF) Community Ownership Fund (COF) Leicestershire County Council Grant ESOL Lessons for Connexions 4,160 25,000 40,342 61,989 10,000 5,000 4,000 30,901 3,800 24,000 9,999 1,000 27,500 27.500 59,255 44,362 59,255 44,362 7,000 18,147 7,000 18,147 24,000 24,998 150,566 3,000 24,000 24,998 150,566 3,000 1,000 27,500 331 J28 358,828 221,191 Page 14
BANGLADESH YOUTH AND CULTURAL SHOMITI (LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 (CONTINUED) 3 Other income 2025 2024 TOTAL Unrestricted Restricted TOTAL Membership fees Bangla school income Oth¢T 149 1,789 7.602 9540 149 1,789 7,602 9,540 167 1,514 3,971 5,652 4 Investment incorne 2025 Restrieted TOTAL 2024 TOTAL nrestriet Bank interest received 5 Expenditure on charitable activities 2024 re tri Restrlcted TOTAL OT Direct Charitable: Siaff costs Training Equipment leasing COF Expenditure ort Costs: Light & heat Insurance Repairs Rates & water Building maintenance & cleaning Postage, slationery & printing Telephone Miscellaneous Travel expenses Depreciation Governance: Bookkeeping & payroll Independent examiners fees Affiliation fees & subscriptions Advertising & publicity Legal & professional expenses Bank charges Bank loan interest 199,327 199,327 192,686 330 699 783 150,566 783 150,566 15,432 3,615 277 1,835 8,048 2,095 3,358 826 328 9,200 15,432 3,615 ,307 1,835 8.048 2,095 3,358 826 328 9,200 12,629 3.269 9,512 1,497 7,335 2,348 3.959 2,151 1,938 1,131 1,030 1,620 1,500 2,096 400 14,730 134 8,448 2,604 4,751 99 9,649 7,166 6,530 2,604 4,751 99 9.649 7,166 6,530 1,030 426,489 427319 268,412 Page 15
BANGLADESH YOUTH AND CULTURAL SHOMITI (LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 (CONTINUED) Expenditure on raising funds 2025 2024 Unrestricted Restricted TOTAL TOTAL Aclivity expenses Total .035 1,035 .035 1,035 Wgges and salaries 2025 2024 Salaries Social security costs 191.972 185.331 7,355 7,355 199J27 J92,686 Average number of employees analysed by fimction: Provtsion for oppommities: Full time Part Time 13 18 13 18 All staff are employed by the charity and no employee received in excess of £60,000 per annum. Independent examiner's fees 2025 2024 Independent examinerfs fees Other services ,500 1.104 2,604 1,500 1,620 3,120 Page 16
BANGLADESH YOUTH AND CULTURAL SHOMITI (LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 (CONTINUED) 9 Fixed assets Fittin & Alterations ment ui COST: As at l April 2024 Additions Disposals As at 31 March 2025 343.001 158,134 17.145 501.135 17,145 343.001 175,279 518.280 DEPRECIATION: As at l April 2024 Charge for the year Eliminated on disposals As at 31 March 2025 157.507 9.200 157.507 9,200 166,707 166,707 NET BOOK VALUE: As at 31 March 2025 343,001 8,572 351573 As at 31 March 2024 343 001 627 343 628 Cost or valuation at 31 March 2025 is represented by: Fixture ui 8,572 Freehold 170.476 172,525 Total 179,048 172,525 351,573 Cost Revaluation Reserve 343,001 8,572 The Freehold Property and alteraiions comprise of: Propety improvements Cost 61 Mynle Road, Leicester, LE2 1 FU Cost 61 Myrtle Road. Leicesier, LE2 1 FU Revaluation 170.475 172.525 343.000 30-32 Biddulph Street, Leicester. LE2 IBF Toial 343,001 The cost of 30-32 Biddulph Street has been eonfirmed and no revaluation has been undertaken on the grounds that restrictive covenants have been applied on the property. Page 17
BANGLADESH YOUTH AND CULTURAL SHOMITI (LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 (CONTINUED) l O Debtors 2025 2024 Prepayments Other debiors 28,294 28294 126,403 126,403 I I Creditors 2025 2024 Bank loan and overdrafi Trade creditors Accruals and deferred income 11,000 110.606 245,846 367,452 1.000 91,037 11.865 113,902 12 Creditors: amounts falling due after one year 2025 2024 Bank loan and overdraft 101,291 114,089 Bank loan is secured by a legal charge daied I st March 2004 over the company's freehold propety. 13 Management bogrd No emoluments or expenses were paid to any members of the Management Board during the year. 14 Controlling interest The Company is controlled by the Management Board. 1 S Share capital The company is limited by guarantee. The memb3 have agreed to contribute to the assets in the event of winding up to an amount not exceeding £ l. Page 18
BANGLADESH YOUTH AND CULTURAL SHOMITI (LIMITED BY GUARANTEE) NOTES TO THE Accouwrs FOR THE YEAR ENDED 31 MARCH 2025 (CONTINUED) 16 Analysis of net assets between funds Revaluation Unrestricted Restricted Reserve Funds Funds Total 2025 Total 2024 Fund balances at 31 March 2025: Tangible fixed assets Net current assets 172,525 179,048 92,015 (179,048) 351,573 (87,033) 256,039 68,687 172J25 92,015 264,540 324,726 17 Movements in funds Balance Incomin 0110412024 Resources Out oin Resources Total 3110312025 Transfer Unrestricted Funds General Fund Restricted Funds Main Account Revaluation Reserve Revaluation Reserve 104.582 37.040 (1,030) (48,577) 92,015 47,619 331,328 (427,524) 48,577 172,525 324,726 172,525 264,540 368J68 (428,554) 18 Capital commitments As at 31 March 2025, there were no capital commitments. 19 Statement of total recognised gains and losses for the year ended 31st March 2025 2025 2024 Net income / (expenditure) Unrealised Surplus on Revaluation (60,186) (41,569) Total Recognised Gains and Losses (60,186) (41,569) Page 19
BANGLADESH YOUTH AND CULTURAL SHOMITI LIMITED BY GUARANTEE Con501idated ear ended 31st March 2025 for the 2025 2024 Income VAL - BBO Leicestershire Consultation Lloyds Bank Foundation Positive Communities Futures - IAG National Grid Sport England LCC UKSPF Everyday English NCS Trust Locality Leicester City Council Multiply The National Lottery Community Fund (TNLCF) Community Ownership Fund (COF) ESOL Lessons for Connexions Leicestershire County Council Grant Other 4.160 25.000 40,342 61,989 i 0.000 5.000 4.000 30,901 3,800 24,000 9,999 1,000 1,000 27.500 59.255 44.362 7.000 18.147 24.000 24.998 150,566 3,000 9,540 368,368 5,652 226,843 Less Expenditure Staff costs Rates & water Light & heat Insurance Training Building maintenance & cleanin8 Equipmenl leasing Repairs COF expenditure Activities Postage, stationery & printing Telephone Miscellaneous Travel expenses Bookkeeping & payroll Independent examiners fees Affiliation fees & subscriptions Advertising & publicity Legal & professional expenses Bank charges Depreciation Bank loan interest 199.327 1.835 15.432 3,615 192,686 1,497 12,629 3,269 330 7,335 699 9,512 8,048 783 1,307 150,566 1,035 2,095 3,358 826 328 2.348 3.959 2,151 1,938 1,620 1,500 2,096 400 14,730 134 2,604 4,751 99 9,649 7.166 9.200 6.530 8,448 428,554 (60,186) 268,412 (41,569) Net (deficit) for the year Fund balance brought forward 152,201 193,770 Fund balance carried foard 92,015 152,201 This page does not forni part of the statutory financial statements Page 20
BANGLADESH YOUTH AND CULTU114L SHOMITI LIMITED BY GUARAKfEE Main Account egr endÈd 31st March 2025 for the 2025 2024 Income V AL - BBO Leicestershire Consultation Positive Communities Futures - IAG National Grid Sport England LCC UKSPF Everyday English NCS Trust Locality Leicester City Council Multiply The National Lottery Community Fund (TNLCF) Community Ownership Fund {COF) Leicestershire County Council Grant ESOL Lessons for Connexions 4,160 40.342 61,989 i 0.000 5,000 4.000 30,901 3,800 24.000 9,999 1.000 59.255 44,362 7.000 18,147 24.000 24,998 150.566 3,000 1.000 331,328 196,191 Less Expenditure Stsff costs Training allowance Rates & water Light & heat Insurance Training Building maintenance & cleaning Equipment leasing Repairs Equipment Activities Postage, stationery & printing Telephone Miscellaneous Travel expenses Bookkeeptng & payroll Independent examiners fees Affiliation fee5 & subscriptions Adverttsing & publicity Legal & professional expenses Bank charges Depreciation Bank loan interest 199,327 182.686 1,835 15.432 3,615 1.497 7,629 3.269 330 7.335 699 8.512 8,048 783 277 150.566 ,035 2.095 3,358 826 328 2,348 3,959 2,151 1,938 1,620 1,500 2,096 400 5,730 134 1,131 8.448 2,604 4.751 9.649 7,166 9,200 6,530 427.524 (96,196) 243,412 (47,221) Nel {defieit) for the year Fund balance brought fonvard 47,619 94040 Trnnsfer from unrestricted funds 48577 Fund balance carried forward 47,619 This page does not forni part of the statutory financial statements Page 21
BANCLADESH YOUTH AND CULTU114L SHOMITI LIMITED BY GUARANTEE General Reserves t*r ended 31st March 2025 for the 2025 2024 Intom¢ Lloyds Bank Foundation Other 27,500 9,540 37.040 25,(Y)O 5.652 30.652 Less Expenditure Staff costs Training allowance Rent Rates & water Light & heat Insurance Training Building maintenance & cleaning Equipment leasing Repairs Depreciation Summer Playscheme A¢livilies Postage, staiionery & printin8 Telephone Miscellaneous Travel expenses Bookkeeping & payroll Independent examiners fees A]llatIOn fees & subscriptions Advertisin8 & publicity LLgal & professional eXpenS Grants to other organisations Bank charges Bank loan interest 10,000 ,030 I,IK)O 9,¢0 1.030 36,010 25.000 5,652 Net income for the year Fund balanee brought forwArd Transfer to restrieted Funds 104 182 98,930 (48 477) FuDd balance carrled forwgrd 92,015 104,582 This page does not forni part of the statutory financial statements Page 22