BIJOY YOUTH GROUP Charity Registration Number: 1075206 REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 REPORTING ACCOUNTANTS: AM ACCOUNTANCY SERVICES 43 BEN JONSON ROAD LONDON E14SA TEL-. 020 7790 6111 Page 1 of 13
BIJOY YOUTH GROUP FOR THE YEAR ENDED 31 MARCH 2024 CONTENTS Pages Information ol financial Statements Report of the Executive Committee Statement of responsibilities of the Committee.. Independent Examine¢s Report Income and Expenditure Accounts Statement of Assets and Liabilities 10 Notes to the Accounts 11-12. Page2 0113
BIJOY YOUTH GROUP FOR THE YEAR ENDED 31 MARCH 2024 ADDRESS 191 Roman Road London Belhnal Green E2 OQY BANKER Barclays Bank INDEPENDENT EXAMINER AM ACCOUNTANCY SERVICES 43 BEN JONSON ROAD LONDON EI 4SA TEL. 020 7790 6111 Charlty's Trustees- Mohammed Zabir Ahmed Md Diluwar Hussen Tahera Islam Bushra Md Amirul Islam Page 3 of 13
BIJOY YOUTH GROUP REPORT OF THE EXECUTIVE COMMITTEE FOR THE YEAR ENDED 31 MARCH 2024 The Iruslees present their report and financial slalemenls for the year ended 31 March 2024. The TrLlStei's liave Ildopted the provisioiis of Ilie Statenieiit of Recommeiided Practice (Sotip) AccoLinti iigJ and RLpoi'ting by Cli<l1'lties iSSLied in 2005 in preparinir tlie aiinual repoi-l and fiiiaiicial staleineiits of the Cliai-ily. Legiil Status: Cliarity: Registered with the Chaiity Comniissioii, Cliarity Nuniber: 1075206 Objects, Principal Activities and Orgallisatlon of the Charity The Cli<ll'ity'S object is lo promotc tlie benefil ol. banglades11 people re5ideiil In tlie london borough () I l-lackney, Newhain and -rower Hamlets by &sc)C Iclting together Ihe iiihabil<tnts and the local auihoi-iliLs, voliintary and otlier oi"(T1c nisations lo advaiice e(1 Licalion,a and to provide l iL cilities in tlie interests ol- social i.vcltare For rccrcation cll)cI ILisure titne OLLLipatioii 1[111] tlie object of improvir)(r the conditioiis of l i IL lor tlie inhabitaiits of the area of benefit. To oriF(11) Isc culiuial, recreatioliiil 111d faith based religiuiis <iclivities for old aiid YOLIIILI alikL iii tlie said are<1 in ordei- Io Liiliance theii. understandi11(T on issues sucli as COliiliiLlllIty cohesioii. race relation aiid multi Icllth and Imulti CLiltural visioii. Org¢ql)isation: A Management Committee. the members of which are the trustees mar)age5 the affairs of the charity The Management Committee manages the business of the chaiity including the paying ol all expenses TrustL'es: Trustecs, who are al I Incinbers ot- the cxecutive coinmittee, and who sei'ved durino tlie year are set oul on page ). The Ii-Ll%tLes are elected al the Aiiiiii<il General Meeting. I'or Inembership of the ExecLilive Comn)ittee and sei-VL Illltil tlie end of the iiexl Annual General Meeliii(y where they cali 5taiid foi- rc- election as m¢inbci-s of the new Executive Cominittee. Trustees responsibilities in rel1< tion to the financial statements Tlie coiiiiniltee or Trustees are I'equired by charity's law to prepare finaiicial stateineiits foi. each tiiiancial year whicli give a true and fair view of Ihc financial acliviti¢s of the charity and of ils tiiiaiicial position at the eiid of tliat year. In preparingy those financial statements tlie Trustees are required to= The Trustees are responsible for preparing the Trustees Annual Report and the Financial Slalements in accordance wilh applicable law and regulations and United Kingdom Accounting Standards (United Kingdom Generally Accepted Page40113
Accounting Practice). The law applicable to charities in England and Wales requires the Trustees lo prepare Financial Statements for each financial year which give a true and fair view of the slate of allairs of the charity and of the incoming resources and application of resources ol the charity for that period. In preparing Ihese Financial Statements, the Trustees are required to". Select suitable accounting policies and then apply them consislerntly; Observe the methods and principles in the Charities SORP.. Make judgements and accounting estimates that are reasonable and prudent; Prepare the Financial Statements on the going concern basis unless il is inappropriate to presume that the charity will continue in operation Page 5 of 13
BIJOY YOUTH GROUP REPORT OF THE EXECUTIVE COMMITTEE FOR THE YEAR ENDED 31 MARCH 2024 The Tiustees are responsible lor keeping proper accounting records that disclose with reasonable accuracy al any time the financial position of the charity and enable them to ensure that the Financial Statements comply with the Charilies Act 2011. The Charity {Accounls and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding Ihe assets ol the charity and hence for taking reasonable steps for the prevention and detection ol fraud and other irregularities VOLUNTEERS: The Trustees wish lo record their appreciation on behalf ol the Charity and community lor the volunteers who . assist In the smooth running ol the Charity and are critical In helping to keeps the running Costs down RISK REVIEW: The Trustees have conducted their own review of the major risks to which the Charity is exposed and steps have been initiated lo minimise the identified risks. All functions of the Charity are subjected to periodic review resulting in a process of ongoing Impiovement. All staff and volunteers are Irained and have all the required statutory and regulatory clearances required. SERIOUS INCIDENTS AND EXCEPTIONS: The Trustees are pleased to note. that there were no incidents which gave rise to the need for the Trustees *Jerious Incidant Report with the Charity Commission. Furth..rinore., there were no Exceptions recorded aiid which gave rise lo the need for the Trustees lo record ori the bh2". ity's Exceptions, Register. RELATED PARTY TRANSACTIONS: During the year Ihe Cliol Ity was under the control of Tru51ees and Management Comtnitlee members as listed above. This report. which has been prepared in accordance with the special provision5 of Part 15 01 the Companies Act 2006 applicable lo small companies_ No member5 of the management committee received any remuneration during the year. No trustee or other person related to the charity had any personal interest in any contract or transaction entered Into by the charity during the year. Reserve Policy 11 is the policy of the charity that unre51ricted funds, which have not been designated for a specific use. should be maintained al a level equivalent lo its expendilufe. The Trustee5 consider that reserves at this level will ensure that, in the event of a significant drop in funding. They will be able lo continue the charity's CLJrrent activities while consideration is given to ways in which additional fund5 may be raised. The Centre will actively work to achieve this level of reserves. INDEPENDENT EXAMINER According to the provisions ol the Charities Act 2008 and updated 2011, the Committee has agreed that and audit is not required for this financial year. However due to provisions ol the same act an independent examiner is required and AM Accountancy Services appointed as external Accountant or Independent Examiner. Page6 of13
Trans<lCtion and financial position The Slalement of Financia5 Activities shows net deficit for the year of £5.009 and our accumulated funds stand al £11 in total. AM Accountancy Services carried out an independent examination of the accounts included in the report. This report, which has been prepared in accordance with the Statement of Recommended Practice {SORP) Accounting and Reporting by Charities issued in 2005. Approved by the trustees and signed on its behalf by This report was approved by the Executive Committee on and signed on their behalf. Name.. {Trusleel Date: Sl-01-I02 Page 7 0113
Accountants, Report To the Trustees of BIJOY YOUTH GROUP FOR THE YEAR ENDED 31 MARCH 2024 We report on the accounts for the year ended 31 March 2024 sel out on pages 8 to 12 which have been prepared under the historical cost convention and the accounting policies set out in note 1 lo the financial statements. Respective Responsibilities ofTrustees and Accountants As described on page 5 the trLlStees are responsible for the preparation of tlie financial statements, aiid they considei- that tlie IrLlSt is exempt from an audit. It is our responsibi lity to carry OLII procedures designed to eiiable us to report our opinion to you. Basis of Opinion We conducted our work in accordance with the Slalement ol Standards for Reporting Accountants, and so our procedures consisted of comparing the accounts with the accounting records kept by the charity. and making such limited enquiiies of the trustees and officers as we considered necessary for the purpose of this report. These prOdureS provide onlv the assurance expressed in our opinion. Opinion In our opinion.. {a) The accounts are in agreement with the accounting records kept by the charity under the requirements of the Statement of Recommended Practice - Accounting and Reporting by Charities,. Ibl Having regard only lo. and on the basis of, the information contained in those accounts= 111 The accounts have been drawn up in a manner consistent with the accounting requirements specified the Statement of Recommended Practice- Accounting and Reporting by Charities, and (21 The charity satisfied the conditions for the exemption from an audit of the accounts for the year specified in the Charities Act. {3) This unaudited Account we have prepared in accordance with the figure, information and explanation we have received from the management of the current committee. AM ACCOUNTANCY SER 43 BEN JONSON ROAD LONDON E14SA ICES AM AC.COIINTAN'CI' sr.Iiiiic.'F.S -7 EILN .11.iiNbi IN I£( ).1 I.) LONDON LI 4SA TLL.. (I?0 779U ()1 I I FAX: O?0 77&)0 80JJ Date.. Page8 of13
BIJOY YOUTH GROUP Statement of Financial Activities (Income & Expense Statement) FOR THE YEAR ENDED 31 MARCH 2024 2024 Total Notes Unrestricted Reslricled Incoming Resources Voluntary income: Membership Fees Student Fees Donations 600 4.100 20,302 600 4.100 20,302 Total Incomin Resources 25,002 25,002 Resources Expended Direct Charitable Expenditure Printing. Postage. Stationery Telephone. fax and photocopies Books and Materials Wages Events and activities 29,389 29.389 Direct charitable ex enditure 29.389 29,389 Management &"Administration ExpeiTrses= Accountanoy Travel and promotion Bank trharge Repairs emenl & Administration Expenses 600 600 22 22 Mana 622 622 Total Resources Ex ended 30.011 30.011 Net Incoming Reso ces I (resources expended) -5,009 -5.009 Net Movement funds for the period- -5.009 -5.009 Total Funds Brought fonNard 5.020 5,020 Balance at 31 March 2024 11 11 Page 9of 13
BIJOY YOUTH GROUP Summary Income and Expenditure Account FOR THE YEAR ENDED 31 MARCH 2024 2024 Notes Income Total expenditure Nel Surplus (Deficit) for the financial year 25,002 30,011 -5,009 There were no recognised gains other than those included in the Income and Expenditure Account for current year. Page 10 of13
BIJOY YOUTH GROUP ststement of Assets & Liabilities ( Balance Sheet) As at 31 March 2024 2024 NOTE Current Assets Cash at Bank & in Hand 3.029 3,029 Current Liablllties Anioui'il lallsng due lo one year 3.018 NET CURRENT ASSETS I ILIABILITIESI 11 TOTAL ASSETS LESS CURRENT LIABILITIES FUNDS: Brought Forward 5.020 ExcessllDeficitl of income over expeprjiture 5.009 Total Funds Ttrie Iinancial italenienls werp approi,'od by tFie F_ <ecutive Committee and sign-d on their behalf.. Nanie. (Trusleel 13aLir A4- l-Zo2s- Date: The Notes on pages 10 10 12 form part of the financial statements. Page11 of13
BIJOY YOUTH GROUP FOR THE YEAR ENDED 31 MARCH 2024 NOTES TO THE ACCOUNTS 1. ACCOUNTING POLICIES a. Basis of Accounting Basis of accounting The Financial Statements have been prepared under the historical cost convention, as modified by the revaluation of certain fixed assets and investments measured at market value. The Financial Statements have been prepared in accordance wilh the Financial Reporting Standard for Smaller Entities {effective January 20151. and the requirements of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard for Smaller Entities (effective January 20151 ISORP 20151. b. Grants Revenue grants are credited to the Income and Expenditure account on a receivable basis. c. Donations Donation are recorded on a receipt basis. d. Incomlng Resources Voluntary income and donations are included in incoming resources when they are receivable. except when the donors specify that they musl be used in future aGcounling periods or donors, conditions have not been fulfilled, then the income is delerred. The income from fundraising ventures is shown gross, with the associated costs included in lundraising Costs. ReSOIA."ces Exp-,.i-.£.:I,. Resources expended ai e included in the Statement of Financial Activities on accruals b2SIS inclusive of any VAT that cannot be recc)vered. Expenditure that is direLlly altribulable to specilic activities has been included in these cost categories Where costs are attributable to more than one aclivily, they have been apportioned acioss the cost categories on a basis cons5Stent with the use ol those resources. f. Going Concern Basis The financial Statem1)l8 hav6 been prepared 9n the goinq concern basis, as in the opinii4n of Ihg truslees. there are no issues ar4sing which would suggest any other basis as being tnore appropriate. g. Administration Costs Administration expenditure includes all expenditure not directly related to the charitable activity. h. Taxation As a charity, they are exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or s256 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to ils charitable objects. No tax charges have arisen in the Charity. Depreciation: Depreciation is calculated so as to write off the cost ol an asset. less its estimated residual value. over the useful economic life of that asset as follows-. Fixture, Fitting and Equipment.. 15 10 on Reducing Balance method Page 12of 13
BIJOY YOUTH GROUP FOR THE YEAR ENDED 31 MARCH 2024 NOTES TO THE ACCOUNTS Net Surplus of the Financial Year The excess of expenditure over income is stated after charging.. 2024 Accountants, remuneration Depreciation 600 Creditors and Acruals Accountancy PAYE Loan 600 278 2.140 3.018 Fundslcapital 2024 Balance al 31 March 2023 5,020 31 Mariil 2.023 5,020 Excessl IOeficit} of Income over Expenditure -5.009 Balance at 31 March 2024 11 Page 130113