## **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) ............................................ 1 ## **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. 2 ## **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)**| 3 ## **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| 4 ## **NOVO JIBON** ## **NOTES TO THE ACCOUNTS ENDING 05 APRIL 2024** 1. 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** **----- Start of picture text -----**
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
**----- End of picture text -----**
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