2021-03-31-accounts - Bangladesh Youth League (Luton)

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

		Page
Reference snd Administrative Details
Report ofthe Trustees	2	to	6
Independent Examiner's Report
Statement ofFinancial Activities	8	to	9
Balance Sheet		10
Cash Flow Statement
Notes to the Cash Flow Statement		12
Notes to tbe Financial Statements	13	to	24
Detailed Statement ofFinancial Activities	25	to	26

TRUSTEES	SZaman
	N Pasha
	M Ahmed
	GYChowdhury
	IKChowdhury
	TKhan
	JIslam
	SKoyes
	M A Koyes
	M Miah
	SAhmed
	SMiah
	A Halim
PRINCIPAL ADDRESS	94 Leagrave Road
	Luton
	Bedfordshirc
	LU48HZ
REGISTERED CHARITY	1109719
NUMBER
INDEPENDENT EXAMINER	FKCA Limited
	260- 270 Butterlield
	Great Marlings
	Luton
	Bedfordshire
	LU2 8DL

						2021	2020
				Unrestricted
			Unrestricted	funds-	Restricted	Total	Total
		Notes	ihnd	Designated I	fund 6	funds I	funds 8
INCOME AND
ENDOWMENTS FROM
Cbarttsbte activities
Bangladesh Youth League			5,274		82,751	88,025	95,637
Centre for Youth and
Community Development			88,382		26,510	114,892	87,351
Crescent Summer School Project							30,549
Bangladesh Atter School
Educational Support Service							6475
Little Stars Pre-School					103,761	103,761	92,971
BYLLuncheon Clubs							10,350
Access Disability Project					69,317	69,317	72,500
Rising Stars Play Scheme					34,517	34,517	28,045
BBOSupport into Employment					15,903	15,903	19,925
Luton Digital Skills and
Employment Project
					38,169	38,169
Investment income		2	19,984			19,984	22,722
Other income		4	111,797			111,797	153
Total			225,437		370,928	596,365	466,478
EXPENDITURE ON
Investment management	costs		1,665		2,933	4,598	5,698
Charitable activities
Bangladesh Youth League			40,485	16,535	88,760	145,780	146,244
Centre for Youth and
Community Development			62,542		26,510	89,052	99,660
Crescent Summer School	Project						29,516
Bangladesh Atter School
Educational Support Service							5,533
Little Stars Pre-School			25,829		75,155	100,984	109,244
BYLLuncheon Clubs							]1,396
Access Disability Project			10,306		63,365	73,671	87,220
Rising Stars Play Scheme					32,470	32,470	28,044
BBOSupport into Employment			3,780		15,903	19,683	19,925
Luton Digital Skills and
Employment Project
					38,169	38,169
Total			144,607	16,535	343,265	504,407	542,4SO
Net gains on investments				8,097		8,097	7,861
NET
INCOME/(EXPENDITURE)			80,830	(8,438)	27,663	100,055	(68,141)

		fo	r the Year End	ed 31MARCH 2	021
						2021	2020
				Unrestricted
			Unrestricted	funds-	Restricted	Total	Total
			fund	Designated	fund	funds	funds
		Notes	f	8		f
RECONCILIATION	OF
FUNDS
Total funds brought	forward		286	773,143	156,367	929,796	997,937
TOTAL FUNDS CARRIED
FORWARD			81,116	764,705	184,030	1,029,851	929,796

		BALANCE SHEET
		31MARCH 2021
			2021	2020
		Notes	f.	f.
FlXEDASSETS
Tangible assets		12	788,559	808,161
Investment property		13	278,001	269,904
			1,066,560	1,078,065
CURRENT ASSETS
Debtors		14	14,131	68,755
Cash at bank and	in hand		234,833	63,610
			248,964	132,365
CREDITORS
Amounts falling	due within one year	15	(119,237)	(104,701)
NET CURRENT ASSETS			129,727	27,664
TOTAL ASSETSLESSCURRENT
LIABILITIES			1,196,287	1,105,729
CREDITORS
Amounts falling due atter more than one year		16	(166,436)	(175,933)
NET ASSETS			1,029,851	929,796
FUNDS		20
Unrestricted funds:
General fbnd			81,115	286
Designated Fund	—Property		764,706	773,143
			845,821	773,429
Restricted 1'unde			184,030	156,367
TOTAL FUNDS			1,029,851	929,796

					CASH FLOW STATEMENT
				for	the Year Ended 31MARCH 2021
						202]	2020
					Notes	6	f.
Cash ilows from operating		activities
Cash generated I'rom operations						187,946	(71,772)
Interest paid						(4,598)	(5,698)
Net cash provided by/(used		in) operating		activities		183,348	(77,470)
Cash ilows from investlag		activities
Purchase oftangible fixed	assets					(12,125)	(7,418)
Net cash used in investing	activities					(12,125)	(7,418)
Change in cash and cash	equivalents		in
the reporting period						171,223	(84,888)
Cash and cash equivalents		at the
begimdng oftbe reporting		period				63,610	148,498
Cash and cash equivalents		at tbe end	of
tbe reporting period						234,833	63,610

							2021	2020
Net income/(expenditure)				for the reporting period (as per the
Statement ofFinancial				Activities)			100,055	(68,141)
Adjustments	for:
Depreciation	charges						31,727	32,231
Gain on investments							(8,097)	(7,861)
Interest paid							4,598	5,698
Decrease/(increase)		in	debtors				54,624	(7,479)
Increase/(decrease)		in creditors					5,039	(26,220)
Net cash provided		by/(used			in) operations		187,946	(71,772)
ANALYSIS	OFCHANGES				IN NET (DEBT)/FUNDS
						At 1.420	Cash tlow	At 31.3.21
							f.	f,
Net cash
Cash at bank	and in	hend				63,610	171,223	234,833
						63,610	171/23	234,833
Debt
Debts falling	due within			1 year		(13,767)	(2,053)	(15,820)
Debts falling	due ader		1 year			(175,933)	9,497	(166,436)
						(189,700)	7,444	(182356)
Total						(126,090)	178,667	52,577

					Centre
					for Youth
				Bangladesh	arid	Little	Access
				Youth	Community	Stars	Disability
				League	Development	Pre-School	project
				f,
Management		fees		5,274	49,746
Room letting					38,636
Grants				82,751	26,510	(25,829)	69,317
Minibus
Trip fees
Nursery	fees					129,590
Sundry
				88,025	114,892	103,761	69,317
						2021	2020
					Luton
					Digital
			Rising	BBO	Skills
			Stars	Support	and
			Play	rtt to	Employment	Total	Total
			Scheme	Employment	project	activities	activities
						f
Management		fees				55,020	31376
Room letting						38,636	27,585
Grants			34,517	15,903	38,169	241338	282,138
Minibus							800
Trip fees							2,809
Nursery fees						129,590	92,971
Sundry							5,924
			34,517	15,903	38,169	464,584	443,603
OTHER	INCOME
						2021	2020
						f.	f
Bank interest						15	153
Job Retention		Scheme				111,782
						111,797	153

	Investment	management	management	costs
						2021	2020f
	Interest payable		and similar	charges		4,598	5,698
6,	CHARITABLE		ACTIVITIES COSTS
						Support
					Direct	costs (see
					Costs f.	note 7) f.	TotalsI
	Bangladesh	Youth League			140,758	5,022	145,780
	Centre for Youth		and Community
	Development				89,052		89,052
	Little Stars Pre-School				100,984		100'84
	Access Disability		Project		73,671		73,671
	Rising Stars	Play	Scheme		32,470		32,470
	BBOSupport into Employmcnt				19,683		19,683
	Luton Digital Skills and Employment
	Project
					38,169		38,169
					494,787	5,022	499,809
7,	SUPPORT	COSTS
							Governance
							costs
	Bangladesh	Youth League					5,022

						2021	2020
Wages						221.282	201,167
Social security						14.604	12,755
Pensions						3,698	3,230
Other staff	costs					3,874	23,671
						243,458	240,823
The average monthly			number ofemployees		during thc year was as follows:
						2021	2020
Charitable	activities					15	13
No employees		received entoluments		in excess off60,000.
COMPARATIVES			FORTHE STATEMENT OF FINANCIAL ACTIVITIES

COMPARATIVES FO	RTHE ST	ATEMENT	OF FINANCIAL	ACTIVITIES
				Unrestricted
			Unrestricted	funds-	Restricted	Total
			fund f	Designated	fund	funds
INCOME AND ENDOWMENTS		FROM
Charitable activities
Bangladesh Youth League					95,637	95,637
Centre for Youth and Community
Development			61,390		25,961	87,351
Crescent Summer School	Project		2,809		27,740	30,549
Bangladesh Atter School	Educational	Support
Service			3,775		2,500	6375
Little Stars Pre-School					92,971	92„rr71
BYLLuncheon Clubs			670		9,680	10,350
Access Disability Project					72,500	72,500
Rising Stars Play Scheme					28,045	28,045
BBOSupport into Emptoymcnt					19,925	19,925
Investment income			22,725		(3)	22,722
Other income			153			153
Total			91,522		374,956	466,478
EXPENDITURE ON
Investment management	costs		5,698			5,698
Charitable activities
Bangladesh Youth League			28,732	25,576	91,936	146344
Centre for Youth and Community
Development			73,699		25,961	99,660
Crescent Summer School	Project				29,516	29,516
Bangladesh Ager School	Educational	Support
Service			3,033		2,500	5,533
Little Stats Pre-School					109,244	109,244
BYLLuncheon Clubs					11,396	11,396
Access Disability Project					87,220	87,220
Rising Stars Play Schcmc					28,044	28,044

		for the Year En	ded 31MARCH 2	021	021
11.	COMPARATIVES FORTHE	STATEMENT	OF FINANCIAL	ACTIVITIES -continued
				Unrestricted
				lhnds-	Restricted	Total
				Dcsignated I	fundf	funds 8
	BBOSupport into Employmatt				19,925	19,925
	Total		111,162	25,576	405,742	542,480
	Net gains on investments			7,861		7,861
	NET INCOME/(EXPENDITURE)		(19,640)	(17,715)	(30,786)	(68,141)
	RECONCILIATION OF FUNDS
	Total funds brought fonvard		19,927	790,858	187,152	997,937
	TOTAL FUNDS CARRIED FORWARD		287	773,143	156366	929,796
12,	TANGIBLE FIXEDASSETS
			Fixtures
		Freehold	slid	Motor	Computer
		property f	fittings	vehicles f,	equipmcnt 8	Totals
	COST
	Atl April2020	1,118,322	142,893	50,310	42,648	1,354,173
	Additions				12,125	12,125
	At 31 March 2021	1,118,322	142,893	50,310	54,773	1,366398
	DEPRECIATION
	At 1 April 2020	323,714	139,737	46,158	36,403	546,012
	Charge for year	22,367	278	4,152	4,930	31,727
	At 31March 2021	346,081	140,015	50,310	41,333	577,739
	NET BOOKVALUE
	At 31 March 2021	772,241	2,878		13,440	788,559
	At 31 March 2020	794,608	3,156	4,152	6,245	808,161

FAIR VALUE
At I April 2020	269,904
Revaluation	8,097
At 31 March 2021	278,001
NET BOOKVALUE
At 31March 2021	278,001
At 31 March 2020	269,904

Minimum lease payments under non cancellable operating	leases arc receivable as follows:
	2021	2020
		f
Within one year	23,000	23,000
Between one and five years	72,000	71,000
In more than five years		12,000
	83,000

	Fair value at	31 March 2021 is represented
	Valuation in	2021		278,001
14.	DEBTORS:	AMOUNTS FALLING DUK WITHIN ONE YEAR
			2021	2020
			f	f
	Receivables		955	66,616
	Other debtors		5472
	Prcpayments	and accrued income	7,904	2,139
			14,131	68,755


15.	CREDITORS: AMOUNTS FALLING	DUE WITHIN ONE YEAR
			2021	2020
				f.
	Bank loans and overdrafis (see note 17) Payables Other creditors		15,820 41,522 28/65	13,767 27,865 28,938
	Grants payable Accruals and deferred income		1,590 32,040	34,131
			119,237	104,701
16.	CREDITORS: AMOUNTS FALLING	DUE AFTER MORE THAN ONE YEAR
			2021	2020
				f,
	Bank loans (see note 17)		166,436	175,933
17.	LOANS
	An analysis ofthe maturity ofloans is given below:
			2021	2020
			8
	Amounts falling due within one year on Bank loans	demand:	15,820	13,767
	Amounts falling due between two and five years: Bank loans —2-5 years		88,669	88,669
	Amounts falling due in more than five ymis:
	Repayable by instalmcnts: Bank loans & 5 years		77,767	87,264
18.	SKCUREDDEBTS
	The following secured debts arc included	within creditors:
			2021	2020
				8
	Bank loans		182,256	189,700
	Land at 108Leagrave Road is held as security over the mortgage.

ANALYSIS O	F NET ASSETS	BETWEEN F	UNDS		2021		2020
			Unrestricted
		Unrestricted	funds-	Restricted	Total		Total
		fundf	Designated f	fund f.	funds E		funds E
Fixed assets		67,305	557,233	164,021	788,559		808,161
Investments			278,001		278,001		269,904
Current assets		87,798	111,727	49,439	248,964		132,365
Cunent liabilities Long term liabilities		(73,988)	(15,819) (166,436)	(29,430)	(119837) (166,436)	(104,701) (175,933)
		81,115	764,706	184,030	1,029,851		929,796
MOVEMENT	IN FUNDS
					Net
					movement		At
				At 1.4.20	in funds E		31.321 f
Unrestricted funds
General fund				286	80,829		81,115
Designated Fund - Property				773,143	(8,437)		764,706
				773,429	72,392		845,821
Restricted funds
Restricted fund				156,367	27,663		184,030
TOTAL FUNDS				929,796	100055	I	029 851
Nct movement	in funds, included	in thc above are ss follows:
			Incoming	Resources	Gains and	Movement
			resources	expended	losses		in funds
			f.	E			f.
Unrestricted funds
General fund			225,437	(144,608)			80,829
Designated Fund - Property				(16,534)	8,097		(8,437)
			225,437	(161,142)	8,097		72,392
Resbicted funds
Restricted fund			370,928	(343,265)			27,663
TOTAL FUNDS			596,365	(504,407)	8,097		100,055

Comparatives for movement in funds
		Net
		movement	At
	At 1,4.19 f	in funds	31,3,20
Unrestricted funds
General fund	19,927	(19,641)	286
Designated Fund - Property	790,858	(17,715)	773,143
	810,785	(37,356)	773,429
Restricted funds
Restricted fund	187,152	(30,785)	156,367
TOTAL FUNDS	997,937	(68,141)	929,796

Comparative net movement in funds, inc	ludtxt in the above are as	follows:
	Incoming	Resources	Gains and	Movement
	resources	expended	losses f	in funds f
Unrestricted funds
General fund Designated Fund - Property	91,522	(111,163) (25,576)	7,861	(19,641) (17,715)
	91,522	(136,739)	7,861	(37,356)
Restricted funds
Restricted fund	374,956	(405,741)		(30,785)
TOTAL FUNDS	466,478	(542,480)	7,861	(68,141)

				Net
				movement	At
			At 1.4.19	in funds	31.3.2]
				f	f,
Unrestricted		funds
General fund			19,927	61,188	81,115
Designated		Fund - Property	790,858	(26,152)	764,706
			810,785	35,036	845,821
Restricted	funds
Restricted	I'und		187,152	(3,122)	184,030
TOTAL FUNDS			997,937	31,914	1,029,851

A current year as follows:	12months	and prior year 1	2 months combined	net movement in funds, included in the above a	net movement in funds, included in the above a
			Incoming	Resources Gains and Movement
			i'csourccs	expended losses in funds
				f,
Unrestricted fuads
General fund Designated Fund - Property			316,959	(255,771) (42,110) 61,188 15,958 (26,152)
			316,959	(297,881) 15,958 35,036
Restricted funds
Restricted fund			745,884	(749,006) (3,122)
TOTAL FUNDS			1,062,843	(1,046,887) 15,958 31,914
Restricted fund		Project	Balance at	Remarks
			31 March
			2021(f)
National Lottery			55	The restricted underspent will be spent during
Community Fund				2021-2022 hnancial year.
Luton Borough	Council		7,616	The restricted underspent will be spent during
				2021-2022 Snancial year.
Power to			485	The restricted underspent will be spent during
Change/CCLORS				2021-2022 tinancial year.
Luton Borough	Council	LUNCHEON	3,601	This was spent spent on capital item in year 2016-17.Ilus will be released to SOFA as the
				asset isdepreciated.
Bedfordshire &Luton		LUNCHEON	849	This was spent spent on capital item ui year
Community Foundation				2016-17.This will be released to SOFA as the
Luton Borough	Council	ADP	47,326	asset is depreciated. The underspend off12,708 will be spent o ln
(LBC)/London	Luton			Year 2021-2022.I)us reserve also includes
Airport Ltd (LLAL)/Autism Bedfordshirc				f34,619which has been spent on new minibus in year 2014-15and f21,682 was spent on capital items in year 2013-14.Ibis items will be released
				to the SOFA as the assets is depreciated.
Nursery Education Funding (NEF)/Two		Little Stars Pre-school	116,201	The underspent off9,412will be spend in Year 2021-2022,7)tis reserve also includes f4,566
Year Funding				which has already spent on Building works in year 2014-2015and f107,033was spent spent	on
				capital item sin year 2013-14.This will be
				released to SOFA as the asset is depreciated,
Luton Borough	Council	Little Stars	5,850	The undcmpent will be spent during 2021-2022
		Pre-school		financial year.
BBCChild in Need		Rising Stars	2,046	The underspent will bc spent during 2021-2022
				financial year.
			184,030

RESTRICTED GRANTS	RECE	IVED
				Income
Restricted Fund			Project	2021
Bedfordshire &Luton Community Luton Adult Education		Foundation	BYL BYL	9,849 3,360
National Lottery Community Power to Change/CCLORS Luton Borough Council Power to Change/CCLORS Luton Borough Council Autism Bedfordshire	Fund		BYL BYL BYL CYCD BBO ADP	41,827 4,920 22,796 26,510 15,903 69,317
Power to Change/CCLORS Nursery Education Funding Luton Borough Council			Linle Stars Pre-School Little Stars Prc-School Little Stars Pre-School Luton Digital Skills &	18,570 79,340 5,850
European Social Fund BBCChildren In Need			Employment Project Rising Stars	38,169 34,517
				370,928

	DETAILED STATEMENT OF FI for the Year Ended 31 M	NANCIAL ACTIVITIES ARCH 2021
		2021	2020
		8
INCOME AND ENDOWMENTS
Investment income
Rents received		19,984	22,722
Charitable activities
Management fees Room letting Grants		55,020 38,636 241,338	31,376 27,585 282,138
Minibus			800
Trip fees Nursery fees Sundry		129,590	2,809 92,971 5,924
		464,584	443,603
Other income
Bank interest		15	153
lob Retention Scheme		111,782
		111,797	153
Total inconiing resources		596,365	466,478
EXPENDITURE
Investment management Mortgage	costs	4,598	5,698
Charitable activities
Wages and social security Rates and water Insurance Light and heat Telephone Postage and stationciy Sundries		243,459 2,482 11,554 19,033 5,112 10,434 20,884	221,331 3,739 9,011 17,316 4,375 8,984 23,651
Repairs and maintenance Minibus repairs and insurance Travel expenses Admission fees for trips Arts materials and sports equipment Transport Premises Training, consultancy and research Volunteers expenses OFSTED fees		9,510 4,671 4,463 5,733 1,003 556	9,401 3,763 157 6,377 1,142 3,627 14,921 1,692 14,905 336
Foods and small equipment Cerned forward		3,855 342,749	4,924 349,652

			for the Year Ended 31MARC	H 2021
				2021	2020
					f.
Charitable activities
Brought forward Management cost Recruitment and publicity Freelance workers				342,749 29,669 4,252 60,004	349,652 31,376 1,251 68,390
Bad debts					169
Youth exchange Project and activity expenses Mortgage interest Youth and carer consortium		expenses		12,533 2,299	8,495 1,747 2,849 36,120
Payment to partner Freehold property Fixtures and fittings Motor vehicles				11,554 22,367 278 4,152	22,366 3,210 4,152
Computer equipment				4,930	2,505
				494,787	532282
Support costs
Governance costs
Independent examiners	remuneration			1,750	1,750
Independent examiners audit work	remuneration		for non	3272	2,750
				5,022	4,500
Total resources expended				504,407	542,480
Net income/(expenditure)				91,958	(76,002)