##
||||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|
##
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##
##
##
##
##
##
##
##
##
##
##
##
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##
##
||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|costs||||
|---|---|---|---|---|---|---|
||||||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|