FINANCIAL STATEMENTS FOR THE YEAR ENDED 05 APRIL 2023
OF
NOVO JIBON
(Charity N0: 1081528)
NOVO JIBON
INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF THE NOVO JIBON CHARITY
I report on the accounts of the Charity for the year ended 05 APRIL 2023, which are set out on pages, 3-5
Respective responsibilities of the Trustees and Examiner
As the Charity’s Trustees, you are responsible for the preparation of the Accounts; and you are also responsible under Section 45 of the Charities Act 1993 to prepare an annual report containing the information required by the Charities (Accounts and Reports) Regulation 1995. It is my responsibility to state, on the basis of procedures specified in the General Directions given by the Charity Commissioners under Section 43 (7) of the Act, whether particular matters have come to my attention
Basis of the Independent Examiner’s Report
Our examination was carried out in accordance with the General Directions given by the charities Commissioners. An examination includes a review of the accounting records kept by the Charity and a comparison of the Accounts presented with those records. It also includes consideration of any unusual items or disclosures in the Accounts, and seeking explanations from you as Trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts
Independent Examiner’s Statement
We have prepared the accounts based only on the information and records provided to us by the management. We confirm that the information reflect the current financial position of the charity.
BUSINESS FIRST CONSULTING Accountant & Management Consultant
Dated: 01 December 2023
Approved For and on behalf of the board of Trustees Mr. S Khan (Chairman)
............................................
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NOVO JIBON
TRUSTEES ANNUAL REPORT YEAR ENDED 05 APRIL 2023
Registered Charity Number
1081528
Trustees
The following were Trustees during the year:
| 1. Mr. Shohiduzzaman Khan | (Chairman) |
|---|---|
| 2. Mr. Huq Shaheed Riza | Treasurer |
| 3. Mrs. Fatma Bouziri | Secretary |
| 4. Mrs. Raba Amiri | Trustee |
| 5. Mrs. Shohana Kamal | Trustee |
| 6. Mrs. Huma Qizilbash | Trustee |
Address
Mr. Khan Shohiduzzaman, 51 Bramley Road, Ealing, London W5 4ST
Professional Advisers
Bankers : HSBC Bank, Lloyds TSB Bank
Constitution
The Charitable Trust was established by a Trust Deed dated 12 July 2000.
Objectives and Activities
The principal objective of the Trust is to eradicate poverty, illiteracy and to relieve sickness, hardship and distress amongst needy people in the United Kingdom and elsewhere.
The only source of income was from donations collected.
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NOVO JIBON
Income Statement for 12 months to 05 April 2023
| NOTE Ordinary Income Donations Received Donation Given Gross Surplus Expenses : Staff & Fundraisers Cost Rent and Rates Office Expenses Traveling & Entertainment Telephone & Office Exp Printing and Stationery Professional fees Advertising - Marketing Postage Miscellaneous Expenses Card Machines Charges Total Expenses Surplus or Deficit |
2023 779,003.53 709,500.00 |
2022 701,716.28 433,365.16 |
|---|---|---|
| 69,503.53 | 268,351.12 | |
| 78,071.00 12,000.00 - 26,624.00 3,793.07 942.06 1,850.00 63,634.02 747.36 1,656.83 886.45 |
73,359.07 12,000.00 - 25,569.02 1,622.07 1,026.80 650.00 23,815.00 1,025.00 232.21 1,763.44 |
|
| 190,204.79 (120,701.26) |
141,063.06 127,288.06 |
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NOVO JIBON
| Balance Sheet as at 05 APRIL 2023 NOTE 2023 ASSETS Fixed Assets 265.76 Current Assets Bank and Cash 98,609.23 Total Current Assets 98,609.23 Current Liabilities (900) NET CURRENT ASSETS 245,027.90 NET ASSETS 97,974.99 Equity Funds / Surplus 97,974.99 TOTAL EQUITY 97,974.99 |
Balance Sheet as at 05 APRIL 2023 NOTE 2023 ASSETS Fixed Assets 265.76 Current Assets Bank and Cash 98,609.23 Total Current Assets 98,609.23 Current Liabilities (900) NET CURRENT ASSETS 245,027.90 NET ASSETS 97,974.99 Equity Funds / Surplus 97,974.99 TOTAL EQUITY 97,974.99 |
Balance Sheet as at 05 APRIL 2023 NOTE 2023 ASSETS Fixed Assets 265.76 Current Assets Bank and Cash 98,609.23 Total Current Assets 98,609.23 Current Liabilities (900) NET CURRENT ASSETS 245,027.90 NET ASSETS 97,974.99 Equity Funds / Surplus 97,974.99 TOTAL EQUITY 97,974.99 |
245,677.90 | 2022 332.20 245,677.90 (650.00) 245,027.90 |
|---|---|---|---|---|
| 97,974.99 | 258,468.86 | |||
| 97,974.99 | 245,360.10 | |||
| 97,974.99 | 245,360.10 |
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NOVO JIBON
NOTES TO THE ACCOUNTS ENDING 05 APRIL 2023
- Accounting Policies
The principal accounting policies which have been adopted in the preparation of the Trust’s accounts are as follows:
- Accounting Convention
The accounts have been prepared under the historical cost convention
- Depreciation
Depreciation is calculated to write off the cost of fixed assets over their estimated useful lives: based on Reducing Balance Method at the rate of 20% p.a.
- Going Concern
The financial statements have been prepared on a going concern basis in the context of continued financial support from the general member of the public
2. Fixed Assets
EQUIPMENT & FURNITURE £ B/F 332.20 ADDITION DURING THE PERIOD - 332.20 DEPRECIATION Depreciation charge for the period 20% 66.44 NET BOOK VALUE 05 APRIL 2015 265.76
3. Donations
Donation Received £779,003.53 (100%) Donations given out £709,500.00 (91%) Total Expenses £190,204.79 (24%) Balance in Banks £ 98,609.23
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