2024-04-05-accounts - Novo Jibon

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FINANCIAL STATEMENTS FOR THE YEAR ENDED 05 APRIL 2024

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 2024, 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: 27 December 2024

Approved For and on behalf of the board of Trustees Mr. S Khan (Chairman)

............................................

NOVO JIBON

TRUSTEES ANNUAL REPORT YEAR ENDED 05 APRIL 2024

Registered Charity Number

1081528

Trustees

The following were Trustees during the year:

1. Mr. Shohiduzzaman Khan	(Chairman)
2. Mrs. Fatma Bouziri	Secretary
3. Mrs. Patricia Modestus	Trustee
4. Mrs. Rabah 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.

NOVO JIBON

Income Statement for 12 months to 05 April 2024

NOTE Ordinary Income Donations Received Donation Given Gross Surplus Expenses : Staff & Fundraisers Cost Rent and Rates Traveling & Entertainment Telephone & Office Exp Printing and Stationery Professional fees Advertising - Marketing Postage Miscellaneous Expenses Card Machines Charges Bank Charges Total Expenses Surplus or Deficit	2024 673,031.26 448,738.90	2023 779,003.53 709,500.00
	224,292.36	69,503.53
	103,308.00 7,800.00 18,295.34 1,257.41 5,142.87 1,900.00 40,271.47 176.27 977.46 2,992.47 65.47	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
	182,187.10 42,105.26	190,204.79 (120,701.26)

NOVO JIBON

Balance Sheet as at 05 APRIL 2024

NOTE ASSETS Fixed Assets Current Assets Bank and Cash Total Current Assets Current Liabilities NET CURRENT ASSETS NET ASSETS Equity Funds / Surplus TOTAL EQUITY	54,481.07	2024 212.60 54,693.67 (650) 54,043.67	98,609.23	2023 265.76 98,609.23 (900) 97,974.99



		54,043.67		97,974.99
		54,043.67		97,974.99
		54,043.67		97,974.99

NOVO JIBON

NOTES TO THE ACCOUNTS ENDING 05 APRIL 2024

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

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EQUIPMENT
& FURNITURE
£
B/F 265.76
ADDITION DURING THE PERIOD -
265.76
DEPRECIATION
Depreciation charge for the period 20% 53.15
NET BOOK VALUE 05 APRIL 2015 212.60
3. Donations
Donation Received £673,031.26 (100%)
Donations given out £448,738.90 (67%)
Total Expenses £182,187.10 (27%)
Balance in Banks £ 54,481.07
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