corYYni££ ion SUNDERLAND BANGLADESH INTERNATIONAL CENTRE LIMITED (A company limited by guarantee) REPORT AND FINANCIAL STATEMENTS Forthe year ended 31 March 2025 Charlty number 1085598 Company number 03900232
SUNDERLAND BANGLADESH lfERNATIONAL CENTRE LIMITED (A company limited by guarantee) TRUSTEES ANNUAL REPORT Forthe year ended 31 March 2025 The trustees are pleased to present their annual directors. report together with the financial statements of the charity for the year ended 31 March 2025 which are also prepared to meet the requirements for a directors, report and accounts for Companies Act purposes. The financial statements comply with the Charities Act 2011, the Companies Act 2006, the Memorandum and Arkncles of Association, and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102} {effective l January 2019). Objectlves and Aciivltles The objects of the Organisation are. To promote the benefit of the community in the City of Sunderland, primarily the Black, Minority and Ethnic Community, and especially those who are suffering from the effects of unemployment and other forms of social deprivation, through the provision and promotion of multi-cultural activities and facilities which will provide opportunities for the members of the said community to take control of their own lives, which will aid personal development and which will make the experience of unemployment more positive. To promote and provide facilities in the interest of social welfare in the fields of recreation, leisure, education, self-help and otherwise; To advance economic regeneration, job creation and job retention in the area through the promotion of co- operatives, community enterprise and other forms .of sm311 business and in particular, but not exclusively, those which will provide locally needed services and those which involve members of the community who are unemployed or suffering from the effects of social deprivation. SBIC is a responsive, connected and creative organization, always seeking new ways to help and support. SBIC'S work during the year was significantly strengthened by the contribution of volunteers. An average of 40 volunteers supported the charity, each giving approximately two hours per week, In total, this represents over 3,200 hours of volunteer involvement. Volunteers played an essential role acros5 all of our charitable activities, including Health and Wellbeing, Education and Training, Employment and Enterprise, Community Development, and Young People's Programmes. Their contribution enhanced our capacity to deliver services, extend our reach, and ensure that our activities continued to provide clear public benefit. The trustees recognise and are grateful for the commitment, skills, and time that volunteers bring to the organisation, which remains a vital non-financial resource supporting the achievement of our charitable aims.
SUNDERLAND BANGLADESH INTERNATIONAL CENTRE LIMITED (A company limited by gu8ranteel TRUSTEES ANNUAL REPORT For the year ended 31 March 2025 Principles & Values • We are positive about the future and the ability of BAME communities to contribute towards a more inclusive society. We are a learning organisation always seeking new ways to help our clients. We are a produrtive and creaiive organisation ready to make the most of limited resources. We will support our stakeholders acquire the tools they need. We are outward facing as we see the value of working with partners to achieve mutually shared ambitions. Organisational Culture Supportive We take time to understand each other's work and seek out ways we can add value. Productive We fully deliver our outputs and outcomes in the most efficient ways possible. Learning We consistently grow our skills and knowledge. Proactive We bring energy, commitment and creativity to our work. Outward facing It is our responsibility to be visible in the community. Passionate We care deeply about the people we work with and SBIC'S organi5ational purpose. Background The Sunderland Bangladesh International Centre {SBICI, established in 1999 in Hendon, Sunderland, is a long-standing anchor organisation supporting racially minoritised communities who are often underrepresented in mainstream services. SBIC currently has 1,847 active members and works to address social, economic, and racial inequalities through culturally rooted, trust-based approaches developed over 25 years.
SUNDERLAND BANGLADESH INTERNATIONAL CENTRE LIMITED (A company limited by guarantee) TRUSTEESANNUALREPORT Forthe year ended 31 March 2025 Organisational Development and Premises Following a 14-month refurbishment, SBIC reopened its modernised centre in May 2025. The £1.3m Youth Investment Fund (YIF) capital investment enabled the transformation of the building to include a 350-capacity hall, six education and training rooms, a youth hub, upgraded digital infrastructure, and improved outdoor space. A commercial kitchen was added with loan and grant support from Social Investment Business {SIB). The redevelopment was the result of a multi-year process beginning in 2019, involving feasibility studies, planning approvals. and partnership working. During the closure period, SBIC operated from temporary premises, maintaining core services despite reduced capacity and lower footfall. Context and Need Sunderland's overall population has declined over the past four decades, while its racially minoritised population has grown significantly-by 266Yo since 2001. The Black community alone has increased by over 500Yo. These demographic changes sit alongside persistent socio-economic inequalities, austerity impacts, and rising incidents of racism and far-right hostility, all of which disproportionately affect SBIC'S beneficiaries. Service Dellvery and Impact Despite operating constraints during refurbishment, SBIC supported thousands of individuals across youth work, employability, education, enterprise, health, and wellbeing. From May to July 2025, footfall reached 2,653 as services resumed at scale. Independent social impact analysis shows that for every £1 invested in SBIC, £8.25 of social value is generated. User survey5 demonstrate strong attribution of outcomes to SBIC'S work: 95% of respondents felt safe and respected 870/0 reported increased social confidence 88% felt more involved in their community 77Yo Stated no external service influenced their outcomes Trustees note the effectiveness of SBIC'S strengths-based model, underpinned by Social Accounting, SROI, and a co-produced Theory of Change, Key Programme Areas Youth Servlces: 302 young people engaged in structured programmes and 246 in cultural activities. Youth participation and safeguarding remain strategic priorities, supported by YIF investment. Employability & IAG: 242 users supported through a six-stage employability
SUNDERLAND BANGLADESH INTERNATIONAL CENTRE LIMITED IA company limited by guarantee) TRUSTEESANNUAL REPORT Forthe year ended 31 March 2025 framework addressing health, skills, confidence, finances, and work readiness. Education & Training: 155 racially minoritised learners accessed accredited training during the closure year. Capacity is projected to rise to 375 learners in 2025-26. Enterprise: 140 participants engaged in enterprise activity, resulting in 7 new businesses and 37 enterprise-ready individuals. Health & Wellbelng.. 467 users supported, addressing health inequalities linked to poverty, discrimination, and structural racism. Strategic Direction Trustees recognise the importance of Strategic partnerships in maximising collective impact, particularly across health, enterprise, and employability. SBIC aligns its work with national policy priorities, including the Government's 10-Year Health Plan, focusing on prevention, community-based care, and reducing health inequalities. Innovation will continue, including exploration of Al-supported ESOL learning to enhance accessibility and real-world communication skills. Governance and Funding The 2024-25 programme was funded by a diverse portfolio including the Youth Investment Fund, Social Investment Business, City of Sunderland, National Lottery Community Fund, Lloyds Foundation, UK Shared Prosperity Fund, Paul Hamlyn Foundation, Sport England, Independent Age, Ballinger Charitable Trust, Mercers Charitable Trust, Greggs Foundation, Community Foundation Tyne and Wear, Macmillan Cancer Support and others. Trustees express gratitude to all funders and social investors for their continued support. Conclusion Trustees are confident that SBIC remains financially stable, strategically focused, and highly impactful. The renewed premises, strong community trust, and robust evidence of social value place the organisation in a strong position to expand services and deepen impact for racially minoritised communities across Sunderland in 2025-26. Public Benefit Statement The trustees have had regard to the Charity Commission's guidance on their legal duty on public benefit, and are satisfied that the Charity delivers public benefit, and due regard is paid to the guidance on public benefit when deciding on what new projects the charity should undertake.
SUNDERLAND BANGLADESH INTERNATIONAL CENTRE LIMITED (A company limited byguar8nteel TRUSTEES ANNUAL REPORT Forthe year ended 31 March 2025 Reserves Policy and Going Concern The trustees have a policy of holding 3-6 months running costs in free reserves (unrestricted not invested in tangible fixed assets). This reserves fund on 31 March 2025 was £136,379 which is consistent with this policy. These reserves are held to cover short term gaps and shortfalls in funding and provide working capital. The financial statements have been prepared on a going concern basis. The trustees have reviewed and considered relevant information, including the annual budget and future cashflows in making their assessment. With the current resources available, the trustees have concluded that they can continue to adopt the going concern basis in preparing the annual report and accounts. Reference and Administrative Details of the Charity. its Trustees and Advisors Charity Name: Sunderland Bangladesh International Centre Registered Charity Number: 1085598 Company Number.. 03900232 Registered Office and operational address: 30 Tatham Street, Hendon, Sunderland, Tyne & Wear SRI 2QD Trustees: Syed Musaddique Ahmed Md Shahen Ahmed Motlib Miah Syed Shoyjhad Miah Syed Muazzel Ali Syed Abu Musa Syed Akhlaque Miah Syed Murshed Miah Molik Shohid Ahmed Syed Foyzul Islam Syed Abu Musa Ahsan Md Suhel Miah Sabina Rokib Syeda Chompa Begum Utara Ghosh Syeda Shilpe Chowdhury Shahida Parveen Ruksana Miah Bushra Rahman
SUNDERLAND BANGLADESH INTERNATIONAL CENTRE LIMITED {A company limited by guarantee) TRUSTEES ANNUAL REPORT Forthe year ended 31 March 2025 Chief Executive.. Abu Shama Auditor: Torgersens Chartered Accountants & Statutory Auditor East Suite, Ground Floor Avalon House St Catherine's Court Sunderland SR5 3XJ Bankers: Royal Bank of Scotland Drummond House l Redheughs Avenue Edinburgh EH12 9JN Structure, Govemance and Management Governing Document The organisation, a registered charity, is controlled by its governing document, the Artbcles of Association and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006. Recrultment and Appointment of New Trustees The SBIC Board of Trustees has between seven and twenty members. Trustees are nominated and elected from SBIC membership. Notice is sent to all members prior to the Annual General Meeting IAGMI, with each member entitled to vote. Organisational Structure SBIC is managed by a Board of Trustees elected from the membership and governed by the Memorandum and Articles of Association. The Board takes all strategic decisions relating to SBIC, including: receiving and reviewing reports from the Chief Executive acting as the formal employer of SBIC'S staff, ensuring activity and performance is regularly reviewed and evaluated • monitoring and assessing SBIC'S financial position, including budget setting developing, reviewing and monitoring SBIC'S strategic plan and annual work plan, to influence and direct SBIC'S work agreeing and reviewing appropriate policies and ensuring SBIC meets its legal responsibilities
SUNDERLAND BANGLADESH INTERNATIONAL CENTRE LIMITED (A company limited byguaranteel TRUSTEESANNUALREPORT For the year ended 31 March 2025 Risk Management Trustees reviewed the risk register this year and monitor it regularly, with a full review carried out annually. Trustees are confident that risks have been identified, appropriate preventative measures are in place and remedial activities are available. SBIC'S financial processes are regularly reviewed, both by the Board and externally, to ensure they continue to be robust. Indemnity Insurance S81C has professional indemnity insurance cover, in respect of the trustees and officers of the charity. Statement of Trustees, Responsibilities The trustees are responsible for preparing the Trustees Annual 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 trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company 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 Charities SORP Make judgements and 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 charitable company will continue in operation The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the chariL3ble company and enable them to ensure the financial statements comply with the Companies Act 2006. The Trustees are al50 responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Approved by the Board on: 30 loi Iioig and signed on their behalf by.. Mr Syed Musaddique Ahmed (Chair of Trustees)
SUNDERLAND BANGLADESH INTERNATIONAL CENTRE LIMITED INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS YEAR ENDED 31 MARCH 2025 Opinion We have audited the financial statements of Sunderland Bangladesh International Centre Limited (the 'charily') for the year ended 31 March 2025 which comprise the statement offinancial position. statement of cash flows and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, in¢luding FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice). In our opinion the financial statements-. give a true and fair view of the state ofthe charity's affairs as at 31 March 2025 and of its incoming resources and application of resources, including its income and expenditure. for the year then have been properly prepared in accordan with United Kingdom Generally Accepted Accounting Practice; have been prepared in accordance With the requirements of the Compani8s Act 2006. Basis for oplnlon We Conducted our audit in accordance with Intemational Standards on Auditing (UK) (ISAS {UK)) and applicable law. Our responsibilities under those standards are further described in the auditor's responsibilities for th8 audit of th8 financial statements Section of our r8POrt. W8 ar8 independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethi¢al Standard, and w8 have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtsined is sufficient and approprlate to provide a basls for our opinlon. Other matters Th8 financial statements for the year ended 31 March 2024, forming the comparative figures of the financial statements for the year ended 31 March 2025. are unaudited. Conclusions relating to golng concern In auditing the financial statements, we have concluded that the trustees. use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainlies relating lo events or condilions that, individualty or collectively. may cast significant doubt on the charitable company's ability to continue as a going conrn for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the trustees with respect to going concem are described in the relevant sections of this report. other inforniation The other infomation comprises the information included in the annual report, other Ihan the financial statements and our auditor's report thereon. The trustees are responsible for the other information contained in the annual report. Our opinion on the financial statements does not Gover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance Conclusion thereon. Our responsibility is to read Ihe other infomation and, in doing so, consider whether the other infomiation is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit or otherwise appears to be materially misstaled. If we identify such material in¢onsist8nci8s or apparent material misslat8m8ntS, We ar8 required to determin8 whether this gives rise to a material misststement in the financial statements themselves. If, based on the work we have
SUNDERLAND BANGLADESH INTERNATIONAL CENTRE LIMITED INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS YEAR ENDED 31 MARCH 2025 performed. we conclude that there is a material misstatemenl of this other infomiation. we are reqUId to report that fact. We have nothing to report in this regard.
SUNDERLAND BANGLADESH INTERNATIONAL CENTRE LIMITED INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS YEAR ENDED 31 MARCH 2025 Opinions on other mattors prescribed by the Companles Act 2006 In our opinion, based on the work undertaken in the Course of the audit.. the information given in the Irustees, report for the financial year for which Ihe financial stat8ments are prepared Is consistent with the financial statements,. and the trustees, report has been prepared in accordance with applicable legal requirements. Matters on which we are requirod to report by exception In the light of the knowledge and understanding of the charity and its environment obtained in the course of the audit, we have not identified material misstatements in the trustees, report. We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to r8POrt to you rf, in our opinion: adequate accounting r8cords have not been kept, or returns adequate for our audit hav8 not been received from branches not visited by us. or the financlal ststements are not in agreement with the accounting records and retums; or certain disclosures of trustees, remuneration specrfied by law are not made,. or We hav8 not r8C81V8d all the information and explanations we require for our audit. or the trustees We not entitled to pTrpare the financial statements in a¢cordan¢e with the small companies regime and take advanlage of the small companies, exemptions in preparing the trustees, report and from the reqU1ment to prepare a strategic report. Responslbllltles of trustees As explained more fully in th8 trust88s' responsibilities statement set out on pag8 7, th8 trustees (who are also the direclors for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view. and for such intemal control as the trustees determine is necessary to enable the preparation of financial statements that are free from materlal mlsstatement, whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing th8 charrty's ability to continue as a going con¢em, disclosing, as appIlble, matters related to going concern and using the going concern basis of accounling unless the trustees either intend to liquidat8 th8 charty or to cease operations. or have no realistic alternative bul to do so. Audltorfs responslbllltles for the audlt of the flnan¢lal Ststements Our objectives are to obtain reasonable assurance about whether the financial statem8nts as a whole are free from material misstatement. whelher due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit wnducted in accordance with ISAS (UK) will always detect a material misstatement when it exists. Misststements can arise from fraud or error and are considered material if. individually or in the aggregate. they could reasonably be expected to influence the economic decisions of users taken on the basis of thes8 financial statements. Irregularities, including fraud, are instances of non-mplianCe with laws and regulations. We design procedures in line with our responsibilities. outlined above. to detect material misstat8m8nts in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below: 10
SUNDERLAND BANGLADESH INTERNATIONAL CENTRE LIMITED INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS YEAR ENDED 31 MARCH 2025 Explanatlon as to what extent the audit was considered capable of detectlng Irregularities, including fraud The objectives of our audit with regards to fraud are to design tailored and specific audit procedures to enable us to gather sufficient audit evidence. These tests are proportionate and appropriate to the charitable company in terms of assessed risk level and the nature of the entity's activities. However. the primary responsibility for the prevention and detection of fraud rests wilh those charged with govemance. We obtained an understanding of the legal and regulatory requirements which applied to the charitable company, which we deemed to be the Companies Act 2006, and Statement of Recommended Practice to charities, the Financial Reporting Standard applicable in the UK and Republic of Ireland (Charities SORP (FRS102)}. We obtained an understanding of how the charitable company had complied with these regulations by reviewing their treatment of transactions, reviewing minutes of meetings and discussing complianc8 Wlth trustees and those charged with governance. W8 assessed the risk of material misstatement of the financial statements, in¢luding the risk of material misslatement due to fraud and identified that income relating to the capital refurbishment is most susceptible to fraud or error. We d8sign8d our audit work to test the controls in place regarding the processing of these transactions and how these controls are capable of prev8nting or detecting fraud or error. Our audit procedures gathered evidence to support the claims of the Irustees whilst maintaining professional scepticism to allow us to draw our own conclusion on the matter. As part of an audit in accordance with ISAS (UK), we exercise professional judgment and maintsin professional scepticism throughout the audit. We also: Id8ntify and assess the risks of material misstat8m8nt of the financial statements. whether due to fraud or error, deslgn and perform audit procedures responsive to those risks, and obtsin audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, bul not for the purpose of expressin9 an opinion on Ihe effectiveness of the internal control. Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the trustees. Conclude on the appropriateness of the trustees, use of the going concern basis of accounting and, based on the audit evidence obtained. whether a material uncertainty exists related to events or conditions that may cast significant doubt on the charity's ability to continue as a going concem. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the financial statements or. if such disclosures are inadequate. to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However. luture events or conditions may cause the charity to Gease to ¢ontinue as a going concem. Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial ststements represent th8 underfying transactions and events in a manner that achieves fair presentation.
SUNDERLAND BANGLADESH INTERNATIONAL CENTRE LIMITED INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS YEAR ENDED 31 MARCH 2025 We communi¢al8 with Ihose charged with governance regarding, among other mallers, the planned scope and liming of th8 audit and significant audit findings, including any significant deficienci6s in intemal control that we identify during our audit. Use of our report This report is made solely lo Ihe charitable companys members, as a body, in accordance with Chapler 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state lo the charitable company's members those matters we are required lo stale to them in an audilorfs report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility lo anyone other than the charitable company and the charitable companYs members as body, for our audit work, for Ihls report, or for the opinions we have formed. Alison Henshaw FCCA (Statutory Audilorl For and on behalf of TORGERSENS Chariefed Accountanls & Statutory Auditor East Suite, Ground Floor Avalon House St Calherlne's Court Sunderfand SR5 3XJ Dale.. /-,/26 12
SUNDERLAND BANGLADESH INTERNATIONAL CENTRE LIMITED (A company limited by guarantee) STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING SUMMARY INCOME & EXPENDITURE ACCOUNT) For th8 y8ar ended 31 March 2025 Unrèstrided Funds Restricted Funds Total 2025 Total 2024 Income from: Donations and legacies Charitabl8 activities Grants and contracts Other trading activilies 900 900 4,842 153,884 13.967 1,574.417 1.728,301 13,967 475,390 30,911 Total Income 168,751 1,574,417 1,743,168 511,143 ndlture on: Charitable aclivities Operation of the charity Totsl expenditure 10 190,973 274,226 465,199 543,930 190,973 274,226 465,199 543,930 Net Income/(expenditure) (22,222) 1,300,191 1.277,969 (32.787) Transfers between funds 23 1,199,466 (1,199,466) Other reco nlsed alnsl losses Gainsl{losses) on r8valuation of fixed assets (1.067.707) (1,067,707) Net movement of fiinds 109,537 100,725 210.262 { 32,787) Reconciliation of funds Total funds brought forward 697,911 57,181 755,092 787,879 Total funds carrled fonvard 807,448 157.906 965,354 755,092 The Statement of Financial Activities includes all gains and losses recognised in the year. All income and expenditure d8rive from continuing activities The notes on pages 16 to 26 fomi an integral part of these accounts. 13
SUNDERLAND BANGLADESH INTERNATIONAL CENTRE LIMrrED (A company limited by guarantee} BALANCE SHEEr As at 31 March 2025 Charlty Number 1085598 Company Number 03900232 Total 2025 Total 2024 Flxed assets Tangible assets 17 671,069 524,341 Total fixed assets 671,069 524,341 Current assets Debtors Cash at bank and in hand 18 19 1,950 385,546 22,905 281,492 Total current assets 387,496 304.397 Creditors: amounts falling due within one year 20 { 48,315) (15,202) Net current assets 339.181 289.195 Total assets less current Ilabllltles 1,010,250 813.536 Credltors: amounts falling due after more than one year 21 (44.896) (58.444) Total net assets or Ilabllitle$ 965.354 755,092 Funds of the ¢hari Unrestricted income funds Designated income funds Restricted income funds 136,379 671,069 157,906 173,570 524.341 57.181 Total funds 965,354 755.092 These accounts have been prepared in accordance with Ihe provisions applicable to charitable compani8s subject to the small companies regime and in a¢cordan¢e with FRS102 SORP. The notes on pages 16 to 26 form an integral part of these accounts. These financial statements were approved by the Board on: and are signed on its behalf by: Mr Syed Musaddiqu8 Ahmed è)loi Izrtlo Chair 14
SUNDERLAND BANGLADESH INTERNATIONAL CENTRE LIMITED (A company limited by guarantee) STATEMENT OF CASH FLOWS For the year 8nd8d 31 March 2025 2025 2024 Cash flows from o eratln actlvltles Net movement in funds Depreciation (Gains)Ilosses on investrnents Decrease in trade receivables Increase in trade payables Cash generated fmm operatlons 210,262 4,771 1.067,707 20,955 22,521 (32.787) 4.583 16,856 9,478 1,326.216 { 1.870) Cash flow from investln actlvltles Purchase of property. plant and equipment Net cash from investing activities (1,219.206) (1,219,206) (4,137) (4,137) Cash flow from flnancln actlvftles Repayment of borrowing Cash inflows from new borrowing Net cash used In flnan¢lng activities { 2,956) 61,800 (2,956) 61,800 Increase in cash and cash equivalents Cash and cash equivalents at start of year Cash and cash equivalents at end of year 104,054 281,492 385.546 55.793 225,699 281,492 All of the cash flov are derived from continuing operations during the above two periods. The notes on pages 16 to 26 form an integral part of these accounts. 15
SUNDERLAND BANGLADESH INTERNATIONAL CENTRE LIMITED (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 March 2025 1 Accounting Policies The principle accounting policies adopted. judgements and key SoUrS of estimation uncertainty in the preparation of the financial statements are as follows- 2 Basis of accounting 2.1 Basis of preparation These accounts have been prepared under the hislorical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note{s) to these accounts. The accounts have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practi applicable to charities preparing their accounts in accordance with the Financial Reporting Stsndard applicable in the UK and Republic of Ireland {FRS 102) (effective 1 January 2019)- Charities SORP (FRS 102), the Financial Reporting Stsndard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011. Sunderfand Bangladesh International Centre Limited meets the definition of a public benefit entity under FRS 102. 2.2 Preparatlon of the accounts on a going concern basls The charity reported total unrestricted funds at the year end of £136,379 and has already secured a significant amount of funding for the current year. The trustees are of the view that the immediate future of the charity for the next 12 to 18 months is secure and that on this basis the charity is a going concem. 3 Income 3.1 Recognition of income Income is recognised when the charity has entitlement to the reSoUrs, any perf0rrnan conditions attached to the item{s) of income have been met, it is more likely than not that the resources will be received and the monetary value can be measured with sufficient reliably. 3.2 Offsetting There has been no offsetting of assels and liabilities, or income and expenses, unless required or pemiitted by FRS102 SORP or FRS102. 3.3 Grants and donations Income from government and other grants. whether 'capital' grants or 'revenue' grants. is recognised when the harity has entitlement to the funds, any performance conditions attached to the grants have been met. it is probable that the income will be received and the amount can be measured reliably and is not deferred. Income received in advance or provision of other specified Servi is deferred until the criteria of income recognition are met. 16
SUNDERLAND BANGLADESH INTERNATIONAL CENTRE LIMITED (A company lirnited by guarantee) NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 March 2025 3.4 Donated goods and services Donated goods are measured at fair value (the amount for which the asset could be exchanged) unless impractical to do so. Donated services and facilities are included in the SOFA when received at the value of the gift to the charity provided that the value of the gift can be measured reliably. Donated services and facilities thal are consumed immediately are recognised as income with the equivalent amount recognised as an expense under the appropriate heading in the SOFA. 3.5 Volunteer help The value of volunteer help received is not included in the accounts but is described in the trustees, annual report. 3.6 Intsrest receivable Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charty- this is normally upon notification of the interest paid or payable by the Bank. 3.7 InGome from membershlp subscrlptlons Membership subscriptions received in the nature of a gift are recognised in donations and legacies. Membership subscriptions which gives a member the right to buy services or other benefits are recognised as income eamed from the provision of goods and ServIS as income from charitable activities. 3.8 Investment galns and loss•s This includes any realised or unrealised gains or losses on the sale of investment and any gain or loss resulting from revaluing investments to market value at the end of the year. 3.9 Fund accounting Unrestricted funds are available to spend on activities that further any of the purposes of charity. Designaled funds are unrestricted funds of the charity which the trustees have decided at their discretion to set aside to use for a specific purpose. Restricted funds are donations which the donor has specified are to be solely used for particular areas of the charities, work or for specifi'c projects being undertaken by the charity. 4 Expendlture and Ilabilitios 4.1 Liablllty recognition Liabilities are recognised when it is more likely than not that there is a legal or constructive obligation committing the charity to pay out resources and the amount of the obligation can be measured with reasonable certainty. 17
SUNDERLAND BANGLADESH INTERNATIONAL CENTRE LIMITED (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 March 2025 4.2 Charitable activities Expenditure on charitable activities includes the costs of work and other activities undertaken to further the purposes of the charity and their associated support costs. 4.3 Gov•rnanco and support costs Support costs have been allocated between governance cost and other support. Governance costs comprise all costs involving public accountability of the charity and its compliance with regulation and good practice. Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources. 4.4 Irrecovérable VAT Irrecoverable VAT is charged as a cost against the activity for which Ihe expenditure was incurred. 4.5 Creditors The charity has creditors which are measured at settlement amounts less any trade discounts. 4.6 Provisions for Ilabllltles A liability is measured on recognition at its historical cost and then subsequently measured at the best estimate of the amount required to settle the obligation at the reporting date. 5 Assets 5.1 Tangible fixed assets for use by the charity Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses, except where stated in the notes to the financial statements that the asset has been revalued. Community building Fixtures, fittings and equipment Revalued 15Qh reducing balance 6 Changes in accountlng pollcy The following have been applied for the first time from 1 April 2024 and have had an effect on the financial statements.. 6.1 Cost model to Fair Value model Land and Buildings within the financial statements have been revalued in the current year. meaning they are no longer accounted for on the cost basis but instead accounted for under the revaluation method. Sunderland Bangladesh International Centre has applied this change as the difference in values was material to the financial statements and allowed users of the assets to understand better the true value of the company's assets. As a result of this change tangible assets have decreased by -£1,067,707. 18
SUNDERLAND BANGLADESH INTERNATIONAL CENTRE LIMITED (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS For the ear ended 31 March 2025 Analysls of Income Unr8Stricted Funds Restricted Funds Total 2025 Total 2024 7 Donatlons and lega¢les Donations and gifts 900 900 4,842 900 900 4.842 8 Charitable activities Income from rants Back on the Map Ballinger Charitable Trust Recovery Grant Support Fund Community Foundation Greggs Foundation ICOS Shared Sunderfand Independent Age Grant Lbyds Bank Foundation Macmillan Cancer Support Mer¢er Charitable Trust North East Business Innovation Power for Change Sport England Sunderland Black and Minority Ethnic NeOrk (SBMEN) Sund8rland Clty Council - Community Cohesion and Reliance Sundertand NHS - Learning Disability Project Sunderfand Voluntary Sector Alliance The National Lottery Communlty Fund- Reaching Communities Together for Children Wirgin Money Foundation Youth Investment Fund capitsl Youth Investrnent Fund revenue other grants Other income 6,339 20,000 6,339 20,000 11.756 20,000 40,000 10.000 10,000 20.000 14.270 19,512 27,500 47,244 35,000 11,049 20.000 14.270 19.512 13.131 27.500 25,000 98.911 25,000 47.244 35,000 11.049 8,000 8,900 4,499 4,499 49,499 49,499 8,162 2.626 2,626 64,005 64.005 99,443 24,560 15.000 76.412 1.256,000 103,887 1,256,000 103,887 30,000 6.871 1728 301 30,000 6,871 153,884 1.115 1.574,417 475.390 9 Other trading activities Room hire Temporary letting of office space Temporary secondment of staff Gen8rat8d income 6,555 6,555 19,093 3,581 8.237 6,262 1,150 13,967 6,262 1.150 30,911 Income was £1.743,168 (2024: £511,143) of which £168.751 was unrestricted or designated (2024: £173,624) and £1.574,417 was restricted (2024.. £337.519). 19
SUNDERLAND BANGLADESH INTERNATIONAL CENTRE LIMITED (A company Ilmited by guarantee} NOTES TO THE FINANCIAL STATEMENTS For the 8ar ended 31 March 2025 Analysls of expenditure on charitable activities Unrestricted Funds Restricted Funds Total 2025 Total 2024 10 Charltable activities Direcl costs staff salaries Direct project costs 39,355 96.816 205,492 68,734 244,847 165.550 219,919 279.369 Su ort costs Premises costs Office costs Professional fees Depreciation Loan Inte$t charged 11.866 10,753 11,134 4,771 5,478 11,866 10,753 11,134 4,771 5,478 17,305 17,364 2,430 4.583 Governan costs Auditorfs fees Independent examine¢s fees for reporting on the a¢¢ounts AGM 10,800 10,800 1.290 1.670 543 930 190 973 274 226 465 199 Expenditure on charitable activities was £465,199 (2024: £543,930) of which £190,973 was unrestricted or designated (2024.. £122.545) and £274,226 was restricted (2024.. £421.385). 11 Fees for examination of the accounts 2025 2024 Independent examin8ls fees for reporting on thè accounts Audit fees for reporting on the accounts 1.290 10.800 10.800 1,290 There were no other fees paid to the examiner {2024: £nil) 20
SUNDERLAND BANGLADESH INTERNATIONAL CENTRE LIMITED (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 March 2025 12 Analysls of staff costs. and the cost of key management personnel 2025 2024 Salaries and wages Social Security costs P8nsion costs (defined contribution pension plan) Severance pay 231,093 9,972 3,782 204,877 10,192 3,880 970 219,919 No employee received remuneration above £60,000 {2024: nil). The key management personnel of the charity, comprise the Trustees and the Centre Manager. The total employee benefits of the key management personnel of Ihe tharity We £34,503 (2024.. £42,545). 13 Staff Numbers The av8rag8 monthly head count was 14 staff (2024: 12 stafQ and the average monthly number of full-time equivalent employees during the year We as follows: 2025 Number 2024 Number The parts of the charity in which the employee's work: Charitable activilies 14 Transactions with trustees None of the trustees have been paid any remuneration or received any other benefits from an employment with their charity or a relaled entity. Trustees. expenses No trustee expenses have been inCurd In the year. Transaction{s} with related parties The following detail the related paty transactions in the reporting period. During the year the son of the Chair Mr Syed Musaddique Ahmed was employed as a part time youth worker. His totsl annual Salary including employer Nl was £9,396 (2024: £6,375) this was the normal rate of pay for a part time youth worker and there was £nil outstanding at the year (2024 £nil). Mr Syed Musaddique Ahm8d was not part of the decision making process. 15 Deflned contribution pension scheme The charily operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the charity in an independently administered fund. The employerfs pension costs represent contributions payable by the charity to the fund and amount to £3.782 (2024.. £3,880). There was £657 outstanding as at 31 March 2025 {2024: £2.049). 21
SUNDERLAND BANGLADESH INTERNATIONAL CENTRE LIMITED (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 March 2025 16 Corporation Taxation The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the exlent that these are applied to its charitable objectives. Flxtures, fittings and equlpment Total Community bulldlng 17 Tanglble flxed assets Cost Balance brought foNard Additions Disposals Revaluation 498,501 1,219,206 31,806 530,307 1.219.206 { 1.067,707) 650,000 (1,067.707) 681 806 Balance carried fOard 31.806 Depreciation Basis Rate RB 15¥. Dep'n Balance brought forward D8prèclatlon charge for year Disposals Balance carrled fOard 5.966 4,771 5,966 4.771 10,737 10,737 Net book value Brought foThvard 498,501 25,840 524,341 Carried forward 650.000 21.069 671,069 The fair value of the companls Freehotd Property was revalued on 23rd December 2025 by an independent valuer. The directors do not believe the value changed between the valuation date of 23rd December 2025 and the year date of 31st March 2025, despite some small additions in this peric*J.. The name and qualification of the independent valuer ar8 Jonathan W8ast811 MRICS. Had thls class of asset been measured on a historical cost basis. the Carrying amount YUld have been £1,717.707 (2024 - £489,501). 18 Debtors and prepayments (receivable within 1 year) 2025 2024 Trade debtors Accrued income 1,950 15,298 7,607 22,905 1,950 22
SUNDERLAND BANGLADESH INTERNATIONAL CENTRE LIMITED (A company limited by guarant8e) NOTES TO THE FINANCIAL STATEMENTS Forthe 8ar ended 31 March 2025 19 Cash at bank and In hand 2025 2024 Cash at bank and in hand 385,546 385,546 281.492 281,492 20 Creditors and accruals {payable within l year) 2025 2024 Trade creditors Taxation and so¢lal securlty Pension A¢¢ruals Independent examination of accounts Audit Other aGGruals Loan 11,850 9,710 657 3,600 4,907 2,049 1.290 10,800 1,350 13,948 48,315 3,356 15.202 21 Creditors and accruals (payable after more than 1 year) 2025 2024 Loan 44,896 58,444 58,444 44,896 The loan is subject lo inlerest at 7.90/0 and is unsecured. The total loan amount was £61.800 including an arrangement fee of £1,800. The term of the loan is 60 months commencing November 2023 with a 12 months capital repayment holiday. 22 Events after the end of the reportlng perlod No events (not requiring adjustment to the accounts) have occurred after the end of the r8POrting period but before the accounts are authorised which late to conditions that arose after the end of the reporting perfod. 23
SUNDERLAND BANGLADESH INTERNATIONAL CENTRE LIMITED (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 March 2025 23 Analysls of charitable funds Fund balances brought forward Fund balances carried fOard Income resource Resources expended Gainsl (losses) Transfers Unrestricted funds General funds Designated fvnds Capital Fund 173,570 168,751 (186,202) < 19,740 } 136,379 524,341 (4,771 ) 190.973 1,219.206 1,199,466 { 1,067,707) 1,067,707 671,069 697,911 168,751 Purpose of unrestrlcted funds General unrestricted fund The 'free r8s8rves' after allowlng for designat8d funds. Designated funds Capital Fund The current value of designated funds invested in tangible fixed assets. Transfers between funds Amount Reason for transfer B&een general funds and This r8pr8sents the ¢ontrlbullon to Ihe bulldlng designated capital fund refurbishment paid for by core income that was transferred lo the capital fund. Between restricted funds This r8pr8sents the contrlbullon to the building and designated capital fund refurbishment paid for by restricted grants that were transferred to the capital fund. 19.740 1,199,466 1,219,206 Fund balances brought foThYard Fund balances carrled forward Income resour¢e R•sour¢es expended Galns I {losses) Transfers Restricted funds Community Cohesion and Relian¢e Greggs Foundation ICOS Shared Sunderland Indep8ndent Age Grant Ma¢mlllan Cancer Support Sunderland NHS - Learning Disability Proj8Ct The National Lottery Community Fund- Reaching Youth Investment Fund capital Youth Investment Fund rev8nu8 49.499 49,499 20.000 14.270 19,512 47,244 20,000 { 14,270) 19,512 (47,244) (19,331 ) 19,331 37,850 64,005 (89,494) 12.361 1,256,000 (1,199,466 } 56,534 103.887 (103.887 > 57,181 1.574,417 274,226 1,199,466 157,906 24
SUNDERLAND BANGLADESH INTERNATIONAL CENTRE LIMITED (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS For the ear end8d 31 March 2025 23 Analysis of charltable funds continu8d Purpose of restrlctod funds Restricted funds represent income resources used for a specific purpose within the charity as identified by the donor Community Coheslon and Funding io contribute to equipment for the new centre after the refurbishment. Reliance Greggs Foundatlon ICOS Shared Sunderland Funding to Contribute lo the Community Connections officer. Working in partnership wilh ICOS and New Horizon Sunderland to deliver the Shared Sunderland project with is fund8d by the Paul Hamlyn Foundation and funding SUPPOrt for 2 project staff. Funding received to engage and support 300+ racially minorttised women aged 65+ living in poverty in Sunderland's deprived areas. Working in partnership with Macmillan Cancer Support to improv8 the ¢an¢er care and support all BAME communities within Sund8rland fvnding proje¢l delivery and staff costs. Independent Age Grant Macmillan Cancer Support Power for Change Programme of personal development leading to an incr8as8 in confidence and leadership skills to bénefit the organisation and wider community. Sund6rland NHS - Learning To deliver a project to build awareness of Leaming Disability wlthin the BAME community Disability Project of Sunderland. The National Lottery Community Fund- Rea¢hing Communities Youth Inv8Stment Fund Impact for change project to bring people together, build strong relationships across Communities, improve the places and spaces that matter to communities and enable more people to fulfil their pot&ntial. Funding for the building expansion and refurbishment work. 24 Capltal ¢ommitments As at 31 March 2025, the charity had capltal ¢ommilmenls of £62.765 relating to the retention on the building works. One instalment of £31,382 was paid post year end with Ihe final instalment due slx months later. The charity had no other capital commitmenls (2024 -£nil). 25 Analysls of net assets between funds 2025 un$tCted Designated Funds Funds Restricted Funds Totsl 2025 Tangib18 fixed assets Cash at bank and in hand Other nel current assetsl{liabilities) Long term asselsl{liabilities) 671,069 671,069 385,546 146,365) (44,896) 965.354 229.836 (48,561 ) (44.896) 136,379 155,710 2,196 671,069 157,906 25
SUNDERLAND BANGLADESH INTERNATIONAL CENTRE LIMrrED (A ¢ompany limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS For the ear 8nded 31 Mar¢h 2025 Anatysls of net assets between funds 2024 Unrestricted Designated Funds Funds Restricted Funds Total 2024 Tangibl8 fixed assets Cash at bank and in hand Other net current assetsl(liabilities) Long temi assetsl{liabilities) 524,341 524,341 281,492 7,703 { 58,444) 755.092 228.318 3.696 (58,444) 173,570 53,174 4.007 524,341 57,181 26