GLOUCESTERSHIRE BENGLADESHI ASSOCIATION FINANCIAL ACCOUNTS FOR THE YEAR EF4DED 31 March 2024 (Registered Charity Iyth 1081260) GLOUCESTERSKtRE BENGLADESHI ASSOCIATION Fll¥ANCIAL STATEMEIYIS FOR THE YEAR ENDED 31 March 2024 (Regljlered Charity 1081260) CONTENTS Page Trustees Annual Report Ind￿￿dent Examiner's Report Receipts and PaYM￿ts Account Statement of Assets and Liabjlrttes Notes to the Financial Statements GLOUCESTERSHIRE BENGLADESHI ASSOCIATION Page I ANNUAL REPORT FOR THE YEAR ENDED 31 March 2024 The Gloucestershire Bangladeshi Association is rA)nstituted by the Con5titirtion dated 2 November 1999 and is Registered Charity No.1081260. and Administrative Infonnation Principal addr￿S 14 Conthiit Street. Gloucester.GLI 4XH BankeTS Lloyds TSB Bank 19 Eastgate Street Gloucester.GLI INU Indep￿d￿t Examiner H A Bhula (FCCA) 5 Howard Street Gloucester Solicitors Tayntons 8-12 Clarence Street GIouLYSter GLI IDZ Aims and Orgallization A Management Committee elthl from the members of the Association and uyjmprisas: President Vice Presidfflt Honary Secretary Honary Treasurer Committee member Committee member Committee member Con]mittee member MT. Shahin Aluned Mr. Jamal Uddin Mr. Nesar Alom Mr. Mohammed Gh￿1 Mr. Abdul Ghoni Mr. Saydul tslam Mr. Oliur Rahman Mr. Nunu Miah There were no changas during the year. The constitution allows for a further five members be el￿ted as Lx)mmittee members. The Association h&8 not had any reason to take up this optio GLOUCESTERSHtRE BENGLADESHI ASSOCIATION Page 2 ANNUAL REPORT FOR THE YEAR ENDED 31 Marth 2024 (Conld.) Aims and OrganiTAtion (Contd.) The objects of the Association are:. To promote the welfare of the community and in particular BangIadeshi Community in meeting their needs. as regards to religion and Ban￿a educatio￿ sports and leisur4 housing and healttyemploymenLwelfare rights. immi8Tation and nationality and any othff needs which affects their welfare. II. To meet the social and cultUTal needs of the community and in particular Bangladeshi Community. To promote good relatior￿ bkneen perso￿ of different racial wups. generally and particularly those of Asian Origin living in the area of ba]efiL Review of progress and achievements The Association continues to operate an Op￿ door policy in respect of re11￿.0US education for the benefit of Muslims and non-muslims who are eager to learn about Islam. The Association also has an ongoing policy of seeking to create harnK>ny within the LY)mmunity at large and. to this end. has CO-Op￿ted with the polic& hospital and socllal services to m&ximize Unde￿tandIng of the various cultural needs. Review of fwanrial activitie5 and affairs As shown on the Receipts and Payments ac(y)unt on page 4. there w&8 a net SUTplus of £ 17.312 for the year. (2023 deficil £ (125217)) and bank and c&gh balances on hand of £50.252 at 3 1 March 2024 (2023 £39,240). Income from donations and collections was down by £12K' but this balanced by In￿￿e in Rental income by £IOK During the year more building and refi￿lshment work was caTried out on the propety next to the main mosque building and the shop which cost £25.000. (2023 £66,5(X)). Mr.S . PreSid￿t On behalf of the Executive Committee 28 Jamiary 2025 GLOUCESTERSHIRE BENGLADESHI ASSOCIATION TO THE TRUSTEES OF GLOUCESTERSHtRE BENGLADESHI ASSOCIATION Page 3 I report on the accounts of TTh￿t for the year ended 31 March 2024. wbich are set out on pages 4 to 6. Respective responsibilities of trnstees and evami￿r As the dwity's trustees you are responsible for the preparation of the accounts; you consider the audit requirement of section 43(2) of the Charities Act 1993 (the Act) does not apply. It is my respo￿81b11llty to state, on the basis of procalures specified in the General Directions given by the Charity Commissioners under section 43 (7)(b) of the ACL whether parlicular matters have come to my attention. Basis of independent examinerd. report My ekgmination was Carri￿ out in accordance with the General Directions given by the Clwity Commissioners. An examI￿On indudes a review of the accounting records kept by the Trust and a comparison of the accounts presented with those records. It a]so includes the consideration of any unusual items or disclosu￿S in the accounts, and seeking explanations from you &8 trustees concerning any such matters. The pro¢￿UTeS undertaken do not provide all the evidence that would be required in an audil and consequently I do not express an audit opinion on the accounts. Independent ekqminera" report In connection with our eXaini￿o￿ no matter h&$ come to my attention: (l) which gives me reasonable cause to believe that in any material respect the rquiranents to keep accounting records in accordance with section 41 of the Act. and to prepare accounts wthich accord with the accounting records and to comply with the accounting requirements of the Act have not been me¢ or (2) To Whic￿ in my Opinio￿ attention should be drawn in order to enable a proper understanding of the accounts to be reached. H A BHULA Chartered Certified ALKountant Glou(Yster. 28 January 2025 GLOUCESTERSHIRE BANGLADESHI ASSOCIATION YEAR ENDED 31 MARCH 2024 RECEIPTS AND PAYMENTS ACCOUNT GENERAL PURPOSES FUND Page 4 RECEIPTS Voluntary sources Donations and collections Rental income County Council Support GrantslAppeals 66.441 14,500 1.000 78.514 4,000 6,560 81,941 89,074 PAYMENTS Dire£t charltable expenditure Gross wages ,Nic and Pension Repairs and maintenance to Mosque Repairs and maintenance- rentsl prop General rates Insurance Light and heating - Mosque Postage, stationery & photocopying Transmitter èxpenses Water rates - Mosque Appeals and donations Sundry 30.139 2,679 824 23.942 3,300 1.275 515 5,029 649 2,946 609 6.560 570 455 39.629 43,099 Capital expenditure 25,000 171,192 Total payments 64.629 214,291 Net 8urplusl{deficitl for the year 17.312 (125,217) Net Loan rnovemenl Cash and bank balances at 1 Aprll 2023 32.940 158.158 Cash and bank balances at 31 March 2024 50.252 32.940 GLOUCESTERSHIRE BANGLADESHI ASSOCIATION STATEMENT OF ASSETS AND UABILITIES AT 31 MARCH 2024 Page 6 2024 2023 Bank and cash balances: Uoyds TSB current account C0286442n Uoyds TSB current account C04881248) Cash in hand 23,911 26,329 12 15.062 17.867 11 Total for general purposes funds 50.252 32.940 Non4lonetary Assets Costl b¢)ok value Market value Land and buildings used by the Associalion-: Umar Mosque-conduit street { at C05t ) Refurbishment cost 363.238 417,724 215,233 Assets held for functional use by the Tnjst." Various fumiture and fixtures (net book value ) 5,692 Falkner Road p￿pertY Shop 183,294 124,692 183.294 124,692 -1-The property occupied by the association being 14 Conduit Street.GIou￿Ster.GL1 4XH. is owned by Mohibur Rohman.Rajah Miah,Shahin Ahmed and Alxlul Rakib who are also part of the Management Committee. 2-As stated in the Proprietorship Register. No disrM)stiion by a sole proprielor of the land (not being a trnst corporation) under which Gapilal money arises is to be registered except under an o￿ler of the registrar or of the court. &ExceO under an order of the regI￿rar no disposition by the proprieto￿ of the laNI is to be registered unless the certificate is fumished signed by the secretary or solicitor of the comfflillee of the society that the di5POSition is in accordance of the Nles of the society and has been authorised by the comrnittee. The financial statements on pages 4 to 6 were approved by the Executive committee on 28th January 2025 and were signed on its behalf by . Signed . For arKI on behalf of the Executive Committee GLOUCESTERSHIRE BANGLADESHI ASSOCIATION Page 6 NOTES TO THE FINANCIAL ACCOUNTS Year ended 31 March 2024 Accounting Basis The accounts have been prepared on a receipts and payments basis arml comply with section 42(3) of the Charities Act 1993. 2. Incoming resources Voluntary income is received by way of donationsllegacies and glfts and is included in full in the Statement of Financial Activities when receivable. No value has been placed in the Financial Statements on goods and services received for use by the charity for its own activities. Resources expended Resources expended are recognised in the period in which they afe incurred. 4. Capital Expenditure The Association spent £25.000 on adjoining 8nd shop property (2023 £66,500). 5. Taxation The association Is a registered Charity under the Charities Act 1960 8nd as such is exempt from taxation of its income and capital gains.