BANGLADESHI PARENTS AND CARERS ASSOCIATION (A Company Limited by Guarantee) Trustees, Report and Financial Statements for the year ended 31 March 2024 Company Registration Number:03993557 Registered Charity Number: 1082770 Rafique & Co Chartered Certified Accountants 289 Bethnal Green Road London E2 6AH
BANGLADESHI PARENTS AND CARERS ASSOCIATION (A Company Limited by Guarantee) Financial Statements Year Ended 31 March 2024 Contents Page Charity Information Trustees, annual report Independent examiner's report Statement of financial activities Statement of financial position Statement of cash flows 2to7 10 Notes to the financial statements 12to19
BANGLADESHI PARENTS AND CARERS ASSOCIATION {A Company Limited by Guaranteel Reference and Administrative Details of the Charity, its Trustees and Advisers For the Year Ended 31 March 2024 Mrs Moymona Begum, Chairperson Mr Farid Uddin Ahmed, Deputy Chair Mr Tony Hardie, Treasurer Mr Zeeshan Arrf Chattha hAr Akkas Ullah Miah Mrs Shaleha Khanam Mr Jamal Hussain Mrs Lillyan Ali Zama Miss Ka Wing So Trustees Company Number 03993557 Charlty Number 1082TKO Registered office Sl. Margaret's House 21 Okl Ford Road London E2 9PL Company Secretary Mr Zeeshan Arif Chattha Chief executive officer Mrs Shamimara Choudhury Indepèndènt Examiner Rafique & Co Charted CerIed Accountants 289 Bethnal Green Road London E2 6AH
BANGLADESHI PARENTS AND CARERS ASSOCIATION (COMPANY LIMITED BY GUARANTEE) Trustees, Annual Report Year ended 31 March 2024 The Trustees present their annual report together with the unaudited financial statement of Bangladeshi Parents and Carers Association (hereafter "BPCA" or'the charity") for the period 1 April 2023 to 31 March 2024. The Trustees confirm that the annual report and financial statements of the company comply with the current statutory requirements, the requirements of the companys governing document and provisions of the Statement of Recommended Practice (SORP). applicable to charities preparing their accounts and in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102) (effective 1 January 2015) as amended by Update Bulletin 1 (effective 1 January 2015)- Structure, governance and management A. Constitution: The organisation is a company limited by guarantee and a registered charity. Its constitution is logged with the Charity Commission. The Charity is constituted under amended by special resolution on 11 September 2013 and is a registered charity number 1082770. th B. Method of Appointment or Election of Trustees: The Trustees formed the Management Committee. The Management Committee may co-opt to serve on the Committee providing always that the number does not exceed one third of the total elected membership of the management Committee. At every Annual General Meeting, one third of those elected at the AGM shall retire from the offi. The Management Committee seeks to ensure a good mix of skills from the business. social and voluntary sectors and has an ongoing policy of identifying suitable potential members. C. Policies Adopted for the Induction and Training of Trustees: BPCA has a comprehensive Trustees Induction Handbook that includes a Trustees Induction Programme that covers all aspects of responsibilities. policy and procedures. D. Pay Policy for senior staff: The pay of the senior management staff is reviewed annually and increased in accordance with market rates. E. Organisation Structure and Decision Making: The Management Committee has overall responsibility for the strategic direction, policy and human and financial resources of the organisation. Day-to-day operational management of the charity is delegated by the Management Committee to the CEO, who is responsible for ensuring that the Charity delivers the services specified through its team of staff.
BANGLADESHI PARENTS AND CARERS ASSOCIATION (COMPANY LIMITED BY GUARANTEE) Trustees, Annual Report Year ended 31 March 2024 F. Related Party relationships: Funders and Partners who supported the organisation throughout the whole year are: Partners: St. Margaret's House Tower Hamlets Community Transport London Borough of Newham ABC Bookkeeping and Accountancy Ltd ASK London College Ellis Whittam KEW Garden valan Community Sports Association Ltd AFME Group- donation NCS Tower Project Vikingsl GLS CityTel Telecommunication Limited Husna Parvin - Art Therapist Paul Fisher- Consultant Spare Tyre Ghyama Arts Chocolate films National Lottery Miles Fraser Circus Daniel Rose - Juggler Circus Ability Cycling Priyanka Chauhan - Dance Step Change Studios Funders: London Borough of Tower Hamlets Tower London Borough of Newham London Borough of Hackney Risk Management: The Board of Trustees has reviewed the major risks to which the Charity is exposed and a further review will be undertaken. produreS are in place or being established as appropriate to mitigate identified risks. Internal control risks are minimises by the implementation of procedures for authorisation of all transactions and services. Procedures are in place and under review to ensure the health and safety of staff, volunteers, service users and visitors in the office 2nd in relation to data protection and confidentiality. We have a comprehensive health and safety policy that is reviewed and action took regularly. Ellis Whittam provides employment law, HR and health & safety service to BPCA.
BANGLADESHI PARENTS AND CARERS ASSOCIATION {COMPANY LIMITED BY GUARANTEE) Trustees, Annual Report Year ended 31 March 2024 Objectives and activities Bangladeshi Parents and Carers Association (BPCA) is a non-profit making organisation based in the heart of East London. Established in 2000, the charity aims to serve the community by providing centres for charitable purposes to benefit the residents of East London, particularly those in local neighbourhoods. BPCA offers day care ServIS to adults with learning, physical and sensory disabilities. The charity operates under a spot purchase arrangements with Tower Hamlets. Newham, Hackney and Thurrock. While some services are funded directly by the local authorities, other are financed through direct payments and personal budgets managed either by the primary caregiver or via brokerage. These arrangements affect our income. as BPCA only receives payment when service users activity participate in the services. BPCA runs two day service centres.. the Opal Support Hub in Tower Hamlets, known for its dynamic social and creative workshops, and the Sapphire Support Hub in Newham, which features tailored programmes that emphasise community involvement with two floors tailored for elderly services and for learning disability. Our services are tailored to meet the evolving needs of service users and are delivered with the highest level of professionalism. BPCA is committed to fostering a learning, working, and social environment that respects the rights and dignity of all its members. Our services and activities are designed to encourage active involvement from individuals with disabilities. as well as their parents, carers, or guardians. Achievements and Perforniance Awards The year 2023 was an exceptional year for BPCA, during which we received two prestigious awards. We were honoured with the Best Day Opportunities Experience at the CPV NEL Care Award 2023 on th 5 October 2023. This award reflects our commitment to delivering outstanding care and services to our users. We also received the Building Bridges Award at the Tower Hamlets Together Staff Integrated Care Awards in December 2023.This award recognises teams or individuals who demonstrate collaborative across services and organisations to meet the changing needs of the population or workforce. Transport Transition This year, we successfully transitioned all se1 users at the Opal Support Hub from GETT (Black Taxi), UBER and minibus services to Tower Hamlets Transport. This significant achievement required extensive team work dedication, site visits. risk assessments, the creation of a new timetable and
BANGLADESHI PARENTS AND CARERS ASSOCIATION (COMPANY LIMITED BY GUARANTEE) Trustees, Annual Report Year ended 31 March 2024 collaboration with homecare providers, SOGial workers, care staff and families. We extend our gratitude to the Tower Hamlets Commissioning Teams. CLDS. Tower Hamlets Transport, BPCA staff, families and care agencies for their vital contributions to making this transition a success. Future Plan and Strategy Our mission is to establish BPCA as a second home for our users by providing high quality services and ensuring complete user satisfaction. We plan to purchase a permanent space for delivering our day care services in Tower Hamlets in the near future. To addressing rising property Gosts, the Trustee have designated £400,000 towards buying a more suitable property. In addition, we aim to raise funds and secure donations to support this goal. Looking ahead, BPCA is committed to becoming a specialised arts and well-being organisation, leveraging the power of creative expression to enrich the lives of our users. We aspire to integrate arts and well-being programmes into our core serVis. fostering a supportive and stimulating environment that promotes both physical and mental health. The Board of Trustees. staff and volunteer at BPCA remain dedicated to providing high quality services in the most effective and efficient way. with optimism for the future of the organisation. Financial review Going Concern: After making appropriate enquiries, the trustee have a reasonable expectation that the charity has adequate resources to continue in its operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statement. Reserves policy: The board of Trustees has examined the charity's reserves in the light of the main risk of the Charity. It has established a policy whereby unrestricted fund not committed or invested in fixed assets held by the Charity should be at least three months of expenditure (estimates at 168.600)- This acknowledge the financial risk and contractual obligation associated with the employment of staff and contractual requirements relating to premises and equipment.
BANGLADESHI PARENTS AND CARERS ASSOCIATION (COMPANY LIMITED BY GUARANTEE) Trustees, Annual Report Year ended 31 March 2024 Financial Summary: BPCA'S income mainly has come from three neighbouring borough, Tower Hamlets, Newham and Hackney. We wish to express our gratitude to those who have given us their support and hope that., this will continue and grow in the coming years. As is the case for most voluntary sector organisations, our Charity seeks funding in the context of limited resources being available locally and nationally, with most funding being time-limited and frequently not guaranteed from year to year Trustees. responsibilities statement The trustees, who are also directors for the purposes of company law, are responsible for preparing the trustees, report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the charity trustees to prepare financial statements for each year, which give a true and fair view of the state of affairs of the charitable company and the incoming resources and application of resources, including the income and expenditure, for that period. In preparing these financial statements. the trustees are required to: select suitable accounting policies and then apply them consistently., observe the methods and principles in the applicable Charities SORP., make judgments and accounting estimates that are reasonable and prudent. state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements- Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business. The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charity's transactions and disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregLJlarities.
BANGLADESHI PARENTS AND CARERS ASSOCIATION (COMPANY LIMITED BY GUARANTEE) Trustees, Annual Report Year ended 31 March 2024 Disclosure of infomiation to Independent Examiner Each of the persons who is a trustee at the date of approval of this report confirms that: So far as they are aware, there is no relevant information of which the charity's independent examiner is unaware" and They have taken all sleps that they ought to have taken as a trustee to make themselves aware of any relevant information and to establish that the charity's independent examiner is aware of that information. The trustees, annual report and the strategic report were approved on signed on behalf of the board of trustees by.. ..l.¥.. .November 2024 and Mrs Moymona Begum (Chairperson) Mr Tony Hardie (Treasurer)
BANGLADESHI PARENTS AND CARERS ASSOCIATION (A Company limited by Guarantee) For the year ended 31 March 2024 Independent examinerfs report to the Members of Bangladeshi Parents and Carers Association (the 'charity) I report lo the charity Trustees on my examination of the accounts of the charity for the year ended 31 March 2024. This report is made solely to the charity's Trustees. as a body. in accordance with Part 4 of the Charities (Accounts and Reports) Regulation 2008. My work has been undertaken so that I might slate lo the charity's Trustees those matters l am require to state lo them in an independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and Ihe char6tqs Trustees as a body, for my work or for this report. Responsibilities and basis of report As the Trustees of the charity land its director for the purpose of company lawl you are responsible for the preparation of the accounts in accordance wth the requirements of the Companies Act 2006 ('the 2006 Act'l. Having satisfied myself that the accounts of the charity are not required lo be audited under Part 16 of the 2006 Act and are eligible for independent examinalion. I report in respect of my examination of the charity's accounts carried out under section 145 of the Charities Act 2011 {'Ihe 2011 Acl'l. In carrwng out my examination I have followed the direction given by the Charity Commission under section 14515lb of the 2011 Act. Independent examlnerts statement I have completed my examination. I can confirm that no matters have come lo my attention in connection with the examminalion giving me cause to believe- 1. accounting records were not kept in respect of the charity as required by section 386 of ihe 2006 Act- or 2. the accounts do not accord with those records.. or 3. the accounts do not comply wth the accounting requirements of the section 396 of the 2006 Act other than any qijiremenl that the accounts give Mrue and fairf view which is not a matter considered as part of an independent examination.. or 4. the a¢¢ounts have not been prepared in accordance with the methods and principles of the Ststement of Recommended Practice for accounting and reporting by charities applicable lo charities preparing their accounts in accordan with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021. I have no concerns and have come across no other matters in connection with the examination lo which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Signed.. Date: 16 ..November 2024 Mohammad Rafiqul Islam, FCCA Rafique & Co Chartered Certified Accountants 289 Bethnal Green Road London E2 6AH
BANGLADESHI PARENTS AND CARERS ASSOCIATION (A Company Limited By Guarantee) Statement of Financial Activities incorporating Income and Expenditure Account For the Year Ended 31 March 2024 Unrestricted funds 2024 Total Funds 2024 Total funds 2023 Notes INCOME FROM". Charitable Activities Income Investment Income Other Income 681.167 111 158 681,167 111 158 647,106 25 168 TOTAL INCOME 681.436 681,436 647,299 EXPENDITURE ON: Charitable activities 674,651 674,651 668,075 TOTAL EXPENDITURE 674,651 674,651 668,075 NET INCOMEI(EXPENDITURE) BEFORE OTHER RECOGNISE GAIN AND LOSSES 6,785 6,785 120,7761 NET MOVEMENT IN FUNDS 6.785 6,785 {20,776) RECONCILIATION OF FUNDS: Total funds brought foNrd 828,418 828,418 849,194 TOTAL FUNDS CARRIED FORWARD 835.203 835.203 828,418 The notes on pages 12 10 19 foTm part of these accouT)ts.
BANGLADESHI PARENTS AND CARERS ASSOCIATION {A Company Limited by Guarantee) Statement of Financial Position as at 31 March 2024 Notes 2024 2023 FIXED ASSETS Tangible assels 73,669 89,522 73,669 89,522 CURRENT ASSETS Debtors Cash at bank and in hand 10 82.181 695.430 80,076 682,121 777,611 762,197 CREDITORS: amounts falling due within one year {16.077) 23,301 NET CURRENT ASSETS 761.534 738,896 NET ASSETS 835,203 828,418 CHARfFY FUNDS Unrestricted Funds 12 835.203 828,418 TOTAL FUND 835,203 828,418 For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Acct 2006 relating to small companies. The member has not require the MpanY to obtsin an audit in accordance with section 476 of the Companies Acl 2006. The directors acknowledge their responsibilities for complwng with ihe requirements of the Act with respect to accounting records and preparation of accounts. These accounts have been prepared in accordance with the provisions applicable to companies subjecl to the small companies. regime. Approved by the Board of Trustees on November 2024 and signed on its behalf by: Mrs Moymona Begum {Chairperson) MrTony Hardie (Treasurer) The notes on pages 12 to 19 form part of these accounts. 10
BANGLADESHI PARENTS AND CARERS ASSOCIATIONS l A Company Limited by Guarantee) Statement of Cash Flows for the Year Ended 31 March 2024 2024 2023 Note Cash flows from operation activities Net cash (used in)Iprovided by operating activities 14 27.757 {85,9081 Cash flow from investing activities Purchase of tangible fixed assets (1,301) Net cash after investing activities 27.757 (87,2091 Change in cash and cash equivalents in the year 27,757 {87,2091 Cash and cash equivalent brought forward 586,848 674,057 Cash and cash equivalent carried forward 15 614,605 586,848 The notes on pages 12 to 19 fomi part of these accounts.
BANGLADESHI PARENTS AND CARERS ASSOCIATION (A Company Limited by Guarantee) Notes to the Financial Statements For the year ended 31 March 2024 ACCOUNTING POLICIES 1.1 Basis of preparation of financial statements The financial statements have been prepared in accordance with Accounting and Reporting by Charilies.'Siatement of Recommended practi applicable to charities preparing their accounts in accordance with the Financial Reporting Slandard applicable in the UK and Republic of Ireland IFRS 1021 leffeclive 1 January 20151- {Chartties SORP (FRS 102)). the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102} and the Companies Act 2006. Bangladeshi Parents and Carers Association meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise slated in the relevant accounting policy. The Charity prepares its financial statements in sterling, the functional currency of the Charity, and amounts are rounded to the nearest £. 1.2 Company status The Charity is a company limited by gu2rantee.The members of the company are the Trustees named on page 1. In the event of the Charity being wound up. the liability in respe¢l of the guarantee is limited lo £1 per member of the Charity- 1.3 Income All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and amount of income receivable can be measures reliably. Donated service or facilities are recognised when Ihe Charity has control over Ihe item. any condition associated with the donated item have been met. the receipts of economic benefil from the use of the Charity of the item is probable and that economic benefit can be measured reliably. On receipts, donated professional servi$ and donated facilities are recognised on the basis of the value of the gift to the Charity which is the amount the Charity would have been willing to pay lo obtain services or facilities of equivalenl economic benefit on the market- a corresponding amount is then recognised in expenditure in the period of reIptS. 1.4 Expenditure Expenditure is recoonised once there is a legal or conslruclive obligation to transfer economic benefit to a third party, it is probable Ihal a transfer of economic benefits will be reqLJired in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the lot21 direct costs and shared costs. including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directed to that activity- Shared costs which contribute lo more than one activity and support costs which are nol attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset's use. Support costs are those costs incurred directly in support of expendilure on the objects of the Charity and include costs of overall management of the Charity- Govemance costs are those incurred in connection wtih administration of the Charity and compliance with constitutional and statutory requirements. 12
BANGLADESHI PARENTS AND CARERS ASSOCIATION IA Company Limited by Guarantee) Notes to the Financial Statements For the year ended 31 March 2024 ACCOUNTING POLICIES { continued I Costs of generating funds are costs incurred in attracting volunlary income, and those incurred in trading activities that raise funds. Charitable activities and Govemance Costs incurred on the Charity's educational operations, including support costs and cost relating to the governance of the Charitls apportioned to the charitable activities. 1.5 Tangible fixed assets and depreciation All assets costing more than £100 are capitalised. A review for the impairment of a fixed assets is carried out if events or changes in Circumstances indicate that the carrying value of any fixed assels may not be recoverable. Shortfalls between the Carrying value of fixed assets and their recoverable amounts are recognised as impairments. Impairment losses are recognised in the Ststement of Financial Activities incorporating Income and Expenditure Account. Tangible fixed assets are carried at cost.nel of depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value. over their expected lives on the following bases= Short-term leasehold property Fixture and fittings 5°/0 Straight line 20tyk straight line 1.6 Interest receivable Inleresl on fvnds held on deposit account is included when re1vable$ and the amount can be measured reliably by the Charity; this is nomially upon notificalion of the interest paid or payable by the bank. 1.7 Debtors Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepaymenls are valued at the amount prepaid net of any trade discount due. 1.8 Cash at bank and in hand Cash at bank and in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the dale of acquisition or opening of the deposit or similiar account. 1.9 Financial Instruments The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic firbancial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the expIlOn of bank loans which are subsequently measured at amortised cost using the effective interest meihod. 13
BANGLADESHI PARENTS AND CARERS ASSOCIATION {A Company Limited by Guarantee) Notes to the Financial Statements For the year ended 31 March 2024 ACCOUNTING POLICIES { continued ) 1.10 Liabilities and provisions Liabilities are recognised when there is an obligation al the Balance Sheet date as a result of a past evenl,it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlemenl can be estimated reliably.Liabililies are recognised at the amount that the Charity anticipates il will pay to settle the debl or the amount if has received as advanced payments for the goods or services it must provide. Provisions are measured al the best eslimales of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts. discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised within interest payable and similar charges. 1.11 Pensions The charity operates a defined pension scheme arbd the pension charge represents the amounts payable by the Charity to the funds in respect of the year. 1.12 Fund accounting General funds are unreslricted funds are available for the use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes. INCOME FROM CHARITABLE ACTIVITIES Unrestricted funds 2024 Total funds 2024 Total funds 2023 Day centre- fees 681,167 681,167 647,106 681,167 681,167 647,106 Unrestricted funds 2024 Total funds 2024 Total funds 2023 Investment Income Bank interest 111 111 111 111 25 25 14
BANGLADESHI PARENTS AND CARERS ASSOCIATION (A Company Limited by Guarantee) Notes to the Financial Statements For the year ended 31 March 2024 DIRECT COST Day centre 2024 Total 2024 Total 2023 Rent Cleaning Event cost Travel and transport Repair and maintenance Telephone, fax and intemet Printing,poslage and office supplies Equipment hire Sundry expense Wages and salaries National insurance Pension cost Depreciation Profit on sale of motor vehicle Recruilment Expense 69,899 2,705 2,309 53,295 2,747 2,311 3.094 69,899 2,705 2,309 53,295 2,747 2,311 3,094 81,453 1,438 1,671 72,736 3,120 2.284 4,726 745 55 339,934 21,729 1,889 15,854 (19.9991 412 319 355,616 17,224 1,816 15.854 319 355,616 17,224 1,816 15,854 474 474 527,663 527.663 528.047 SUPPORT COSTS Total 2024 Total 2023 Governance Day centre Telephone, fax and Intemet Prinling, postage and office supplies Insurance Payroll services and bookkeeping Accountsncy fee Legal 2nd professional fees Bank Charges Independent Examination fees 578 774 4,267 9,800 578 774 4,267 9,800 1,200 6,050 466 2,300 571 1.181 1.946 9,600 1,200 7,498 494 2.300 1.200 6.050 466 2,300 Wages and salaries National insurance 12,428 460 98.611 10,054 111,039 10,514 104,662 10,576 22,438 124,550 146,988 140,028 Total Charitable Expenditure 22,438 652,213 674.651 668.075
BANGLADESHI PARENTS AND CARERS ASSOCIATION {A Company Limited by Guarantee) Notes to the Financial Statements For the year ended 31 March 2024 NET INCOMEI{EXPENDITURE) This is slated after charging.. 2024 2023 Depreciation of tangible fixed assets owned by the charity (Profitllloss on sale of fixed asset 15,854 15,854 119,999 14,145} 15.854 During the year, no Trustees received any remuneration {2023-£NILI During the year, no Trustees received any benefits in kind {2023-£NILI During the year, no Trustees received any reimbursement of expenses (2023-£NILI INDEPENDENT EXAMINERS. FEE The Independent Examiners. fees amount to £3,500 (2023- £3.500), and other seNices lo the value of -NIL {2023- NIL). STAFF COSTS Staff costs were as follows.. 2024 2023 Wages and salaries Social security costs Other pension costs 466,655 27,738 1,816 444,596 32,305 1,889 496.209 478.790 The average number of persons employed by the Charity during the year was as follows.. 2024 No. 2023 No. Administration Direct 25 30 27 32 During the year Mrs Shamimara Choudhury. Chiel Executive Officer received remuneration amounting to £65,028.Total remuneration and benefits (including employerfs NIC contributions I paid in respect of key management during the year total £218.250 {2023 £206,024).Due to reduction of direct staff 50 % of the hours worked by the key management were directly attributable to charitable activities.
BANGLADESHI PARENTS AND CARERS ASSOCIATION (A Company Limited by Guarantee) Notes to the Financial Statements For the year ended 31 March 2024 Tangible fixed assets Short-terni Leasehold Property Fixture and fittings Total Cost At 1 st April 2023 288,023 52,178 340,201 As at 31 March 2024 288,023 52,178 340,201 Depreciation At 1 st April 2023 Charge for the Period 204,320 14,400 46,358 1,454 250,678 15,854 As at 31March 2024 Net book value At 31 March 2024 At 31 March 2023 218,720 47,812 266,532 69.303 4.366 73,669 10 . DEBTORS 2024 2023 Trade Debtors Prepayments and accrued income 70,166 12,015 78,595 1,481 82.181 80,076 11 . CREDITORS: Amounts falling due within one year 2024 2023 Trade creditors Other taxes and social security costs Other creditors Accruals and deferred income 11,832 39 706 3.500 14,844 4,251 706 3,500 16.077 23.301 12 . STATEMENT OF FUNDS STATEMENT OF FUNDS- CURRENT YEAR Balance at 01 April 2023 Balance at 31 March 2024 Income Expenditure Unrestricted funds General Funds 828.418 681,436 (674,651) 835,203 17
BANGLADESHI PARENTS AND CARERS ASSOCIATION IA Company Limited by Guarantee) Notes to the Financial Statements For the year ended 31 March 2024 12 . STATEMENT OF FUNDS { continued) STATEMENT OF FUNDS- PRIOR YEAR Balance at 01 April 2022 Balance at Expenditure 31 March 2023 Income General funds 849,194 647,299 (668,0751 828.418 Total funds 849.194 647,299 668,075 828,418 13 . ANALYSIS OF NET ASSETS BETWEEN FUNDS ANALYSIS OF NET ASSETS BETWEEN FUNDS- CURRENT YEAR Unrestricted funds 2024 Total funds 2024 Tangible fixed assets Current assets Creditors due within one year 73,669 777.611 116.077) 835,203 73,669 777611 {16,077 835.203 ANALYSIS OF NET ASSETS BEfwEEN FUNDS- PRIOR YEAR Unrestri¢ted funds 2023 Total funds 2023 Tangible fixed assets Current assets Credilors due within one year 89,521 762.197 23,301) 828,417 89,521 762,197 23,301 828,417 14 . RECONCILIATION OF NET MOVEMENT IN FUNDS TO NET CASH FLOW FROM OPERATING ACTIVITIES 2024 2023 Net of income for the year las per Statement of Financial Activities) Adjustment for.. Deprecialion charges and loss on disposal Ilncrease)Idecrease in debtors Ilncrease)Idecrease in creditors Net cash {used in)Iprovided by operating activities 6,785 (20,776) 15.854 (2,1051 7,224 27,757 (4,145) 166,724) 5.737 185,908
BANGLADESHI PARENTS AND CARERS ASSOCIATION (A Company Limited by Guarantee) Notes to the Financial Statements For the year ended 31 March 2024 15 . ANALYSIS OF CASH AND CASH EQUIVALENTS 2024 2023 Cash and cash equivalent 614.605 586,848 614,605 586,848 16 . PENSION COMMITMENTS The Charity operates a defined pension scheme.The assets of the scheme are held separately from Ihose of the Charity in an independenlly administered fund. The pension cost charge represents conlribulion5 payable by the Charity to the fund amounted to £1.815 { 2023 £1,8891.Conlributions lolalling £3912023- £14) were payable to the fvnd at the balance sheet date and are included in creditors. 17 . RELATED PARTY TRANSACTIONS Other than elsewhere disclosed in these financial statements, there were no transactions with relaled parties in either the current or prior year Ihat require disclosure. 18 . POST BALANCE SHEET EVENTS There are no evidence of significant post balance sheet event or matertal uncertainly which may require disclosure in the financial statements. 19