2023-03-31-accounts - Bangladesh Youth League (Luton)

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			Page
Reference and Administrative Details
Report ofthe Trustees		2	to	5
Independent Examiner's	Report
Statement ofFinancial	Activities	7	to	8
Balance Sheet
Cash Flow Statement			10
Notes to the Cash Flow	Statement
Notes to the Financial Statements		12	to	23

	f	or the Year E	nded 31MARC	H 2023
					2023	2022
			Unrestricted
		Unrestricted	funds-	Restricted	Total	Total
		fund	Designated	fund	funds	funds
	Notes	f,			f,
INCOME AND
ENDOWMENTS FROM
Charitable activities	3
Bangladesh Youth League				293,037	293,037	127,112
Centre for Youth and
Community Development		31,927		8,68$	40,615	68,469
Bangladesh After School
Educational Support Service		710		5,000	5,710	6,350
Little Stars Pre-School		6,877		142,922	149,799	127,030
Access Disability Project				77,681	77,681	70,664
Rising Stars Play Scheme				28,976	28,976	43,859
BBOSupport into Employment				15,516	15,516	41,767
Luton Digital Skills and
Employment Project				119,471	119,471	155,810
Investment income		21,882			21,882	21,800
Other income		298			298	26,961
Total		61,694		691,291	752,985	689,822
EXPENDITURE ON
Investment management costs	5			6,270	6,270	4,511
Charitable activities	6
Bangladesh Youth League		12,431	17,541	232,917	262,889	121,052
Centre for Youth and
Community Development		58,908		8,688	67,596	27,618
Bangladesh Ager School
Educational Support Service				2,033	2,033	2,869
Little Stars Pre-School				146,999	146,999	134,022
BYLLuncheon Clubs		1,309			1,309	994
Access Disability Project				74,817	74,817	79,545
Rising Stars Play Scheme				25,467	25,467	37,973
BBOSupport into Employment				15,516	15,516	43,414
Luton Digital Skills and
Employment Project		28		119,470	119,49$	164,340
Total		72,676	17,541	632,177	722,394	616,338
Net gains on investments		5,671			5,671	5,560
NET
INCOME/(EXPENDITURE)		(5,311)	(17,541)	59,114	36,262	79,044
Transfers between funds	20	283,561	(283,561)
Net movement in funds		278,250	(301,102)	59,114	36,262	79,044
RECONCILIATION OF
FUNDS
Total funds brought forward		126,043	751,822	231,031	1,108,896	1,029,851
	The notes form part ofthese financial			statements

					2023	2022
			Unrestricted
		Unrestricted	funds-	Restricted	Total	Total
	Notes	fund	Designated f	fund	funds	funds
TOTAL FUNDS CARRIED
FORWARD		404,293	450,720	290,145	1,145,158	1,108,895

		BALANCE SHEET
		31MARCH 2023
			2023	2022
		Notes
FIXEDASSETS
Tangible assets		12	840,966	807,391
Investment property		13	289,232	283,561
			1,130,198	1,090,952
CURRENT ASSETS
Debtors			68,410	56,624
Cash at bank and in hand			294,528	227,639
			362,938	284,263
CREDITORS
Amounts falling due within	one year	15	(210,985)	(116,338)
NET CURRENT ASSETS			151,953	167,925
TOTAL ASSETSLESSCURRENT
LIABILITIES			1,282,151	1,258,877
CREDITORS
Amounts falling due afier more than one year		16	(136,992)	(149,9$1)
NET ASSETS			1,145,159	1,108,$96
FUNDS		20
Unrestricted funds:
General fund			404,293	126,042
Designated Fund - Property			450,721	751,823
			855,014	877,$65
Restricted funds			290,145	231,031
TOTAL FUNDS			1,145,159	1,108,$96

				CASH FLOW STATEMENT
			for	the Year Ended 31MARCH 2023
					2023	2022
				Notes
Cash llows from operating		activities
Cash generated from operations					155,749	48,744
Interest paid					(6,270)	(4,511)
Net cash provided by operating activities					149,479	44,233
Cash flows from investing		activities
Purchase oftangible fixed	assets				(68,191)	(51,427)
Net cash used in investing	activities				(68,191)	(51,427)
Cash flows from financing		activities
Loan repayments in year					(14,399)
Net cash (used in)/provided		by financing	activities		(14,399)
Change in cash and cash	equivalents		in
the reporting period					66,889	(7,194)
Cash and cash equivalents		at the
beginniug ofthe reporting		period			227,639	234,833
Cash and cash equivalents		at the end	of
the reporting period					294,528	227,639

			NOTES TO THE CASH FLOW STATEMENT for the Year Ended 31MARCH 2023	NOTES TO THE CASH FLOW STATEMENT for the Year Ended 31MARCH 2023	NOTES TO THE CASH FLOW STATEMENT for the Year Ended 31MARCH 2023
RECONCILIATION			OF NET INCOME TONET CASH FLOW FROM			OPERATING ACTIVITIES
						2023	2022
						f	f.
Net income	for the	reporting			period (as per the Statement ofFinancial
Activities)						36,263	79,045
Adjustments	for:
Depreciation	charges					34,617	32,220
Gain on investments						(5,671)	(5,560)
Loss on disposal of		fixed		assets			375
Interest paid						6,270	4,511
Increase in debtors						(11,786)	(42,493)
Increase/(decrease)		in creditors				96,056	(19,354)
Net cash provided		by	operations			155,749	48,744
ANALYSIS	OFCHANGES IN NET FUNDS
					At 1.4.22	Cash flow	At 31.3.23
						f	f
Net cash
Cash at bank	and in	hand			227,639	66,889	294,528
					227,639	66,889	294,528
Debt
Debts falling	due within			1 year	(15,808)	1,409	(14,399)
Debts falling	due after		1	year	(149,981)	12,989	(136,992)
					(165,789)	14,398	(151,391)
Total					61,850	81,287	143,137

2023f	2022 f
21,882	21,800

					Bangladesh
				Centre	Atter
				for Youth	School
			Bangladesh	and	Educational	Little	Access
			Youth	Community	Support	Stars	Disability
			League	Development	Service	Pre-School	Project
Management		fees		9,185
Room letting				21,690
Grants			293,037	8,688	5,000		77,681
Nursery	fees					149,799
Sundry				1,052	710
			293,037	40,615	5,710	149,799	77,681
						2023	2022
					Luton
					Digital
			Rising	BBO	Skills
			Stars	Support	and
			Play	into	Employment	Total	Total
			Scheme	Employment f,	Project f	activities	activities f
Management		fees				9,185	19,865
Room letting						21,690	47,601
Grants			28,976	15,516	119,471	548,369	444,212
Nursery	fees					149,799	127,030
Sundry						1,762	2,353
			28,976	15,516	119,471	730,805	641,061
OTHER INCOME
						2023	2022
Bank interest						298	14
Job Retention		Scheme					26,947
						298	26,961

	Investment	management
				2023	2022
	Interest payable and similar charges			6,270	4,511
6.	CHARITABLE ACTIVITIES COSTS
				Support
			Direct	costs (see
			Costs	note 7)	Totals
			f,
	Bangladesh	Youth League	258,729	4,160	262,889
	Centre for Youth and Community
	Development		67,596		67,596
	Bangladesh	Afier School Educational
	Support Service		2,033		2,033
	Little Stars Pre-School		146,999		146,999
	BYLLuncheon Clubs		1,309		1,309
	Access Disability Project		74,817		74,817
	Rising Stars	Play Scheme	25,467		25,467
	BBOSupport into Employment		15,516		15,516
	Luton Digital Skills and Employment
	Project		I]9,498		119,498
			711,964	4,160	716,124
7.	SUPPORT	COSTS
					Governance
					costs
					f
	Bangladesh	Youth League			4,160

				2023	2022
Wages				306,436	251,227
Social security				18,325	13,462
Pensions				11,047	11,316
Other staff	costs			81,697	29,962
				417,505	305,967
The average monthly		number ofemployees	during the year was as follows:
				2023	2022
Charitable	activities			21	17

No employees received emoluments in excess off60,000.	No employees received emoluments in excess off60,000.	No employees received emoluments in excess off60,000.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL			ACTIVITIES
			Unrestricted
			funds-	Restricted	Total
			Designated	fund	funds
INCOME AND ENDOWMENTS	FROM
Charitable activities
Bangladesh Youth League				127,112	127,112
Centre for Youth and Community
Development		68,469			68,469
Bangladesh After School Educational	Support
Service		1,350		5,000	6,350
Little Stars Pre-School				127,030	127,030
Access Disability Project				70,664	70,664
Rising Stars Play Scheme				43,859	43,859
BBOSupport into Employment				41,767	41,767
Luton Digital Skills and Employment	Project			155,8]0	155,810
Investment income		21,800			21,800
Other income		26,961			26,961
Total		118,580		571,242	689,822
EXPENDITURE ON
Investment management costs		4,243		268	4,511
Charitable activities
Bangladesh Youth League		19,557	18,444	83,051	121,052
Centre for Youth and Community
Development		27,618			27,618
Bangladesh Ager School Educational	Support
Service				2,869	2,869
Little Stars Pre-School		2,182		131,840	134,022
BYLLuncheon Clubs		994			994
Access Disability Project		8,881		70,664	79,545
Rising Stars Play Scheme				37,973	37,973
BBOSupport into Employment		1,647		41,767	43,414
Luton Digital Skills and Employment	Project	8,531		155,809	164,340

	COMPARATIVES	FOR THE	FOR THE	STATEMENT	OF FINANCIAL	ACTIVITIES - continued	ACTIVITIES - continued
						Unrestricted
						funds-	Restricted	Total
						Designated	fund	funds
							8
	Total				73,653	18,444	524,241	616,338
	Net gains on investments					5,560		5,560
	NET INCOME/(EXPENDITURE)				44,927	(12,884)	47,001	79,044
	RECONCILIATION		OF FUNDS
	Total funds brought	forward			8],115	764,706	184,030	1,029,851
	TOTAL FUNDS CARRIED FORWARD				126,042	751,822	231,031	1,108,895
12.	TANGIBLE FIXED		ASSETS
					Fixtures
				Freehold	and	Motor	Computer
				property	fittings	vehicles	equipment	Totals
	COST
	At 1 April 2022			1,150,973	148,783	50,310	65,129	1,415,195
	Additions			56,100	6,261		5,830	68,191
	At 31 March 2023			1,207,073	155,044	50,310	70,959	1,483,386
	DEPRECIATION
	At 1 April 2022			369,100	142,088	50,310	46,306	607,804
	Charge for year			24,140	3,315		7,161	34,616
	At 31 March 2023			393,240	145,403	50,310	53,467	642,420
	NET BOOK VALUE
	At 31March 2023			813,833	9,641		17,492	840,966
	At 31 March 2022			781,873	6,695		18,823	807,391

INVESTMENT PROPERTY
FAIR VALUE
At I April 2022	283,561
Revaluation	5,671
At 31 March 2023	289,232
NET BOOK VALUE
At 31 March 2023	289,232
At 31 March 2022	283,561

			2023	2022
			f.
Within one year			23,000	23,000
Between	one and five years		36,000	48,000
			59,000	71,000
Fair value	at 31 March 2023 is represented	by:
Valuation	in 2023			289,232

		2023	2022
Receivables		26,826	50,782
Other debtors		40,289	4,285
Prepayments	and accrued income	1,295	1,557
		68,410	56,624

15.	CREDITORS: AMOUN	TS FA	LLING DUE WITHIN ONE Y	EAR
				2023		2022
	Bank loans and overdralls	(see note 17)		14,399		15,808
	Payables			42,750		63,073
	Other creditors			21,566		23,018
	Grants payable			1,590		1,590
	Accruals and deferred income			130,680		12,849
				210,985		116,338
	DEFERRED INCOME
					Grant	Income
	Deferred Income brought	forward	at I April 2022			8,650
	Incoming resources deferred in the current year					124,821
	Amounts released from previous		years			(7,650)
	Deferred Income carried forward		at 31 March 2023			125,821
	Grant income is deferred	as the charity is not entitled to the income until certain conditions are			met.
16.	CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
				2023		2022
						f.
	Bank loans (see note 17)			136,992		149,981
17.	LOANS
	An analysis ofthe maturity	ofloans is given below:
				2023		2022
				f
	Amounts falling due within one year on demand:
	Bank loans			14,399		15,808
	Amounts falling due between two		and five years:
	Bank loans - 2-5 years			88,669		88,669
	Amounts falling due in more than		five years:
	Repayable by instalments:
	Bank loans &5 years			48,323		61,312

								2023	2022
Bank loans								151,391	165,789
Land at 108Leagrave Road is held				as security over		the mortgage.
ANALYSIS OF NET		ASSETS	BETWEEN FUNDS
								2023	2022
					Unrestricted
			Unrestricted			funds-	Restricted	Total	Total
				fund f	Designated 8		fund f	funds g	funds
Fixed assets				194,439		368,836	277,691	840,966	807,391
Investments				289,232				289,232	283,561
Current assets				262,149		81,884	18,905	362,938	284,263
Current liabilities			(204,535)			I	(6,451)	(210,985)	(116,338)
Long term liabilities			(136,992)					(136,992)	(149,981)
				404,293		450,721	290,145	1,145,159	1,108,896
MOVEMENT	IN FUNDS
							Net	Transfers
							movement	between	At
						At 1.4.22	in funds	funds	31.3.23
								f
Unrestricted funds
General fund						126,043	(5,311)	283,561	404,293
Designated Fund - Property						751,822	(17,541)	(283,561)	450,720
						877,865	(22,852)		855,013
Restricted funds
Restricted fund						231,031	59,114		290,145
TOTAL FUNDS					1,108,896		36,262		1,145,158
Net movement	in funds,	included	in the above are as follows:
						Incoming	Resources	Gains and	Movement
						resources	expended	losses	in funds
Unrestricted funds
General fund						61,694	(72,676)	5,671	(5,311)
Designated Fund - Property							(17,541)		(17,541)
						61,694	(90,217)	5,671	(22,852)
Restricted funds
Restricted fund						691,291	(632,177)		59,114
TOTAL FUNDS						752,985	(722,394)	5,671	36,262

			Net
			movement	At
		At 1.4.21	in funds	31.3.22
Unrestricted funds
General fund		81,115	44,927	126,042
Designated	Fund - Property	764,706	(12,884)	751,822
		845,821	32,043	877,864
Restricted	funds
Restricted	fund	184,030	47,001	231,031
TOTAL FUNDS		1,029,851	79,044	1,108,895

		Incoming	Resources	Gains and	Movement
		resources	expended	losses	in funds
		f.	6
Unrestricted funds
General fund		118,580	(73,653)		44,927
Designated	Fund - Property		(18,444)	5,560	(12,884)
		118,580	(92,097)	5,560	32,043
Restricted	funds
Restricted	fund	571,242	(524,241)		47,001
TOTAL FUNDS		689,822	(616,338)	5,560	79,044

					Net	Transfers
					movement	between	At
				At 1.4.21	in funds	funds	31.3.23
					f.
Unrestricted			funds
General	fund			81,115	39,616	283,561	404,292
Designated		Fund - Property		764,706	(30,425)	(283,561)	450,720
				845,821	9,191		855,012
Restricted		funds
Restricted		fund		184,030	106,115		290,145
TOTAL	FUNDS			1,029,851	115,306		1,145,157

			Incoming	Resources Gains and Movement	Resources Gains and Movement
			resources	expended losses in funds
Unrestricted	funds
General fund			180,274	(146,329) 5,671	39,616
Designated Fund - Property				(35,985) 5,560	(30,425)
			180,274	(182,314) 11,231	9,191
Restricted funds
Restricted fund			1,262,533	(1,156,418)	106,115
TOTAL FUNDS			],442,807	(1,338,732) 11,231	115,306
Restricted fund		Project	Balance at	Remarks
			31March
			2023 (8)
National Lottery		8YL	53,748	The restricted underspent will be spent	during
Community	Fund			2023-2024 and this was spent spent on	capital
				item in year 2022-23. This will be released to
				SOFA as the asset is depreciated.
ACE Lottery		BYL	5,634	The restricted underspent will be spent	during
				2023-2024.
DCMS Youth Investment		BYL	42,288	The restricted underspent will be spent	during
Fund				2023-2024.
Luton Borough Council		BASESS	5,099	The restricted underspent will be spent	during
				2022-2023.
Luton Borough Council		LUNCHEON	3,601	This was spent on capital item in year 2016-17.
				This will be released to SOFA as the asset is
Bedfordshire	k Luton	LUNCHEON	849	depreciated. This was spent on capital item in year 2016-17.
Community	Foundation			This will be released to SOFA as the asset is
				depreciated.
Autism Bedfordshire		ADP	50,190	This reserve includes capital expenditure which
				has been spent in year 2014-15and 2013-14.
				This items will be released to the SOFA as the
				assets is depreciated.
Nursery Education		Little Stars	106,789	This reserve also includes X4,566 which	has
Funding (NEF)/Two Year Funding		Pre-school		already spent on Building works in year 2014-2015 and 6107,033was spent on	capital
				items in year 2013-14.This will be released to
				SOFA as the asset is depreciated.
Luton Borough Council		Little Stars	6,374	The underspent will be spent during 2023-2024
		Pre-school		financial year.
Active Luton		Rising Stars	11,441	The underspent will be spent during 2023-2024
				financial year.
			290,145

							Income
Restricted Fund					Project		2023
Bedfordshire &Luton Community			Foundation	(Health &
Wellbeing)					BYL		7,088
Bedfordshire &Luton Community			Foundation	(Domestic
Violence)					BYL		7,840
Luton Borough Council					BYL		8,818
National Lottery Heritage	Fund				BYL		95,738
National Lottery Community		Fund			BYL		100,740
Active Luton					ADP		12,343
Active Luton					Rising Stars		28,976
Luton Borough Council					BASESS		5,000
Luton Borough Council					BBO		15,516
Autism Bedfordshire					ADP		65,338
Nursery Education Funding					Little Stars Pre-School		142,922
Luton Borough Council					CYCD		8,688
Wixamtree Trust					BYL		3,333
					Luton Digital	Skills &
European Social Funding					Employment	Project	119,471
Awards for Al I					BYL		6,657
Post Code Lottery					BYL		6,827
ACE Lottery					BYL		26,865
Flood Fund Raise					BYL		29,131
							691,291