REGISTERED CHARrrY NUMBER: 1109719 REPORT OF THE TRUSTEES AND UNAUDITED FtNANCIAL STATEMENTS FOR THE YEAR EKDED 31 MARCH 2024 FOR BANGLADESH YOUTH LEAGUE (LUTON) FKCA Limitrd 260 - 270 Butt¢rfield Great Marlings Luton B¢dfor(Lghire LU2 8DL
BANGLADESH YoufH LEAGUE Ill0) CONTENTS OF THE FINANCIAL STATEMENTS for the Year EndeAI 31 MARCH 2024 Page Rt(eren¢e aDd Admlnlstradve Details R¢port of th¢ Tr¢¢e9 IDdepend¢nt ExamiDerls Report Statement of Financial Actlvldes 7 to 8 Balance Sheet C95b Flow Statement io Notes to the Cxsh Flow Ststement Notes to the FlnAnel•l Statements 12 to 24 Detailed Statement of Financial Activitles 25 to 26
BAIYGLADESH YOUTH LEAGUE (LUTON) REFERENCE AND ADMTMSTIL4TIVE DETAILS for the Year Ended 31 MARCH 2024 TRUSTEES S Zam8n (r¢sign¢d 24.7.24) M Ahm¢d {r¢sign¢d 24.7.24) G Y Chowdhury (resigned 24.7.24) I K Chowdhury A Haqu¢ (appointed 1.4.23) (resigned 24.7.24) T Khan J151am (resigned 24.7.24) S Koyes {resigned 24.7.24) M A Koyes (resied 24.7.24) M Miah S Ahmed (resiwd 24.7.24) S Miah {Tcsigntd 24.7.24) A Halim S Begum (appoinled 14.10.24) N Tasreen (appoinled 14.10.24) M J Islam (appointed 24.7.24) PRINCIPAL ADDRESS 94 Leagrave Ro Luton BedfordshiTe LU4 8HZ REGISTERED CHARITY NUMBER 1109719 ]M)EPENDEiYf EXAMINER FKCA LirDited 260 - 270 Butterfield Great Marlings Lutoll BedfOrshIrc LU2 8DL Page I
BANGLADESH YOUTH LEAGUE (LUTON) REPORT OF THE TRUSTEES for th¢ Year Ended 31 MARCH 2024 The IteeS present thcir ieport with the fuwiciai ststenLents of the charity for thc year ended 31 Mah 2024. Tbe trustees have adopted ihe provisions ol the Statem¢nt of Recommended Practice (SORP) 'Accounting and Reporting by Charities,. OBJECTIVES AND ACTIVITIES Objectives and aims Through a dedicated and professional systrm of youih and communiry development work. Ihe organisation NTrill seek to improve the quality of life of the community. allevia poverty and promote good health through the provision of education and training, including social cducation prograTnmes; advo¢acy' advice. inforni&tion- outrearh and ccntre based activiti¢S,' and liaison with other sitnilar servic¢ wovidcrs. In setting these aims the InteeS hav¢ considered tbe Charity Commissions general guidance on public benefit. Bangladeshi Youth League (Luton) (BYL) actively promotes equality, OpponitIeS and diveTsity, being non-rcligious and non-political. ACHIEVEMENT AIYD PERFORMANCE Ch•rit2ble activities The following arttvities are tsken part in as the Executive Committee sees fit to further such charitable Purposes for the benefit of the ¢ommulliry in and around Luton or such other places wben required (in particular but not exclusively for those of Bengali and other ethnic origin).. Rclicving those in financial need, bardship or distrc5S' Advancing education, in p&rti¢ular. through traininE and providing educational prograt)vnes; R¢li¢vAng the uncrnploycd,. Protecting and preserving hcalth. in particular. through th¢ provision of aid and advice (including advocacy and othcr ccntre-based piogrammes). Establishing and maintaining a youth and Community ¢entr¢' and Providing or assistin8 it] tlLe provi$kon of facilities the iuteresis of social lfare for rccre&tiOD or other leisure time occupation of individuals who have need of such facilities by reason of their youth. age, infirn7ity or disability, fUCIal hardslll'p or social circUfttanCes with the object of improving their rondiiions of life. iv. vi. Page 2
BANGLADESH YOUTH LEAGUE (LirroN) REPORT OF THE TRUSTEES for the Ye4r Ended 31 MARCH 2024 ACHIEVEMENT AND PERFORMANCE Fundraislng activltles The Bangladesh Youth League has ¢ontinu¢d its trajectory of success. despite challenges, thanks to our dedicated partners, fimders, and the unwavcring support of the community and service users. One of our Si[1f]cant achievements includes Securing fidIng from thr Dcpartsnent for Digital, Culture, Media & Sport (DCMS) lo enhance our facilities, enabling the dcv¢lopmenl of a new multi-use games area (MUGA} Ind replacing the access lift. 'fhis has greatly improved accessibility and contributed to community engagement_ Furth¢miore, the Ndtional Lottery's Cost of LiviEtg Fwid has allowed us to expand our Keeping Warm and Healthy (kWH) initiativ& which supports elderly residents by improving cncrgy eifjcicncy and reducing our carbon footprint through the installalion of new equipment at the Centre for Youth & Community Dcvclopmcnt (CYCDI centrc. We have a150 been award¢d some core fjjnding from the BBC Children in Necd (BBC) for three years and from Energise Luton, a program that benefits children on free school meals. In the health and wellbeing sector, we have r¢kindlcd our leadership rol¢ by securing funding for a consortium of s¢ven organi£iltionb to addrcss key hea]th chall¢ng¢s in the community. Our environmental effort5 have also flourished, wilh ihe Greener Future Fund supporting the developTn¢ni of the CYCD gard¢n, wherc we engage the community in growing herbs <Lnd proEnoting sustainability. These milestones highlight the BYL'S ¢oniinued growth and impaci across multipl¢ s¢¢tors. Public Benefit: The Trustees have read and i]nderstood the g¢n¢ral 8uid2nce provided by the Charities Commission rcgarding a slaicmcnt for the benefit of tb¢ Public. Thc charity carries out a wide range of activitics in the pursuit of its charitable aims. The trusk¢s consider that thesc etivities. dtiailcd bclow, are provided for the Public B¢n¢fit of the wider Luton ¢ommunity. Little Stars Pre-school: Our pre-school provides two free sessions per day (Monday - Friday- 1.5 hours per session) during the school tenn for ¢hildr¢n agcd between I to 4 years old. Our Pre-school was graded 'Good' by an OFSTED inspcction in November 2018. Our pre-sLhool follows a lailored, foundation stage curTiLulum to providc support for the Children, ¢nGouragiTJg Ihcm to become independent, self_motivatrd and reflectivc learn¢rs by fostcring wonder, curiosiry, conccntratioD, pcr51St¢nce and a pleasure in achievement. A total of 60 children have benefitted from the pre-scbool each t¢mi during 2023-2024. Rongdhonu Bang12 School: EaLh Saturday during school t¢rn1-time. a mothcr tongue school is supported and supervised by qualified iuiors. 20 chtldren. agcd between 5 to I l years, attended the school to learn the Bengali languagc and gain knowledge about the Bengali cuiwre & heritage 2nd a totsl of 1,140 teaching hours were provided during the year 2023-2024. Access Disab115ty Project IADP): ADP is a partncFship proj¢ct l¢d by Autism B¢dfordshir¢ and funded via Bedfordshkrc Luton Community Foundation from LLltou Risillg. A total of 45 young people agcd between 6 - 30 y¢ars old with disabilities and Special Educational N¢¢ds (mosily from Pakisiani, Kashmiri. Ban8l&dcshi & other communilics) benefit from this projeci rhrough various aclivilie5 during week days and all sGhool holidays. A total 143 support scssions and 11,089 Short Break Hours providcd during thc year 2023-2024. Youth Provision: The Charity provided a progranun¢ of aclivities, including a mixture of non-accrcdi*d leamitig opporninities, such as issue-based workshops, physical & mental health improvement actTVIITes, life-skills training s¢ssions, sdY support sessions, trips io various outdoor CentrelPlace5 2nd employment support for young pcople agcd 10 - 18 years old. A total of 687 young pcople have benefited from this during the year 2023-2024. Health & Wellbeing Club.. The Health & Wellbeing Club continues lo pro¥re55 well &TJd over 320 p¢ople aged 50+ hav¢ engaged with this through fitness, infonnation. workshops, health-checks. outings and heal(hy eaiing sessions. Thc clubs wEtich includes a healthy lunch, Mondays to Wednesday at the CYCD Centre. We are proud ro work in panncrship with a group of 7 South As7an Health & Wellbeing Clubs. Page 3
BANGLADESH YOUTH LEAGUE (LirroN) REPORT OF THE TRUSTEES for ¢he Y¢ar Ended 31 MARCH 21124 ACHIEVEMENT AND PERFORMANCE Welfare Advice Surgery: The Charity rart w¢lfare advice sessions on every Thursday lin parthership wilh Luton RI][s} to provide confid¢ntial advicc on welfare and oiher social security benefits. A total of 150 people have benefited froln the advice surgery during thc year. Supporting women *t rlsk of domestic abus4 mental health & well-belng: During the year, having identified a key ikgue of local women being at risk from domestic abuse and meTtsI health i&sucs, the CFwity sci up a women's 5UPPOrt service with a help-line and when pemiii(¢d to do so, face-to-fjace support. A tolal of175 women have benefited from this projecL Rising Stgr5 Holidays Pl2y4¢heme for Free School Meal (FSM) Childrtn: A holiday play scheme for FSM childrcn aged 6 to I l years old took place, with support frotn Active Luwn. Working it) partnership vlith local primary schools, a total of 180 children have been b¢nefitcd from thc project through a widc rangc of indoor & outdoor activities during Eastcr, Summer Christmas school holidays in 2023. EmploymeTht & Trainlng Project: Funding was se¥ured in October 2023 for a 3 year project to support local people to gain IT skills, ESOL skdls and Cmployability skills. A total of 78 participants who wcre unemployed andlor e¢onomi¢ally inactivc have bcnefitted from this proj¢¢t during the year 2023-2024. As a result of this Project, all participants have gained basic skills. 12 unemployed participants gained ¢mploymeni and 45 inaciive participants have gained employrnenl andlor are aetivcly s¢ar¢hing for job through the Universal Job Match. Training Courses: Barnfleld College various ESOL {cntry level 1, 2 and 3) at our CYCD Centre. A to1 of 125 learners from different ethnic backgrounds have been attended thc ¢ours¢s and 5p¢nt over 2.500 guid¢d learning hours with qll21ified t0[s. H911. Rooms & Minibus: Our hall, minibus and rooms werc available for us¢ by local groups and organisations. Our minibus is avail%kble for hire by chaTities. clubs and non-profit making organisations vthich have Section 19 Small Bus Perniits. FINANCIAL REVIEW Principal funding Sf•urce5 Principal fidIng sources for ed¢h project can be found on the individual projects, financtal statements and in th¢ preceding report. Reserves policy Unrc5tr1Cted reserves are requircd to ensure that sulTicicnl finance is availuble to adcquately rcspond to tbc potenti for a curtailment or cessation of operations in thc event ora significant variation in fundin& A onc ycar period is considered appropriate to manage this pro¢¢ss. Additional reserves are required to provide for risks in r¢latt'on io premises= Wher¢ Cessation of operations would require a reassignment of the prop¢rty and. Ongoing maintenancc costs. Wherever possible the trustccs will designale funding to be used to dev¢lop projeLts where gaps in scrvic&s exist. These services will be required to enable the fulfilmcnt of one or mor¢ of our key objectives. Review and results The Trusiees wish to report a nei gain of £164,966 on opcr31ions within restricted and unrestricied ndS for ihe year under revicw. This is represented by a SUTplus in the unrestricted general fimds of £15,882, a dcficit in the unrestricted desionatcd fijnds of £18,664, and a gain in the restricted fvnds of £167,748. The unrestricted gEneral reserve5 now stand at £481.617, desi8nated reserves at £370.614, and restricted reserveg kl £457,893. Dclails of the major iicms on the balance sheei can be found in the notes to the accounts. The fluctuations in debtor5 ¢rediiors ycar on year are purely the result of timing of Teceipis and paymenrs around thc year end. Sfephen Mason has ST1fied his willingne&s to continue in office a5 Indcpcndent Examincr and & iesolution proposing re-appointment will be put to the forthcoming Annual General Meeting. Page 4
BANGLADESH YOUTH LEAGUE (LUTON) REPORT OF THE TRLSTEES for the Year Ended 31 MARCH 2024 FUTURE DEVELOPMENTS In th¢ challenllg titnc5 ah¢ad. the TThstees of the Bdngladesh Youth League arc cornmittcd to sustsining thc cxisting Service provisions and developTng Trew scrv5CCS to mccr thc changing nccd5 of th¢ lo ¢ommuniti¢s. The organisa¢ion is also aiming to become more sclf-financing and is developing a stralegy to meet this objcctive. STRUCTURE, GOVERNANCE AND MANAGEMENT CoverT•ITJg dotument The governing insinllnent is Ihe consritulion of the Bangladesh Youth League (Luton) which was adopt¢d on 22 May 2005. Re¢ruitwent and appointmenl ol llew trnste¢$ New Trnste¢b are nominated from mcmb¢rs of BYL and clected at thc AGM. OrganisationAI strncture Management is thmugh an Executive CommiLte¢ of Truslces up to a Tnaximum of19. Executive Committee m¢¢tings 8re held on a monthly basis. Ther¢ is oll¢ stsnding sub-coJnmiUce with a remit for Prcmiscs and Iluman Resources. Other ad hoc sub-comrnittees are set up to inv¢stigate and develop particular issues and to provide a written report and recommcndations to the Executive Committee. Induetion training of new trustees Tntres are introduccd to the work of thc Charity in three stages.. by one-to-one discussions with the owlees reviewing the ain #nd purposes. by the provision ofdocumcnts such as the business plan, minul¢s of m¢clitigs and reports wknch provide a background lo Currcnt wot* and decisions" and thc cngagcmeni ryth their fellow tnJst¢es. Ttustees undertake a skills assessment to enable their involvement in areas of work where they will irwnediat¢ly add value aud idelllify auy areas they wish to develop but will require support or training. Rtsk management The trustees are responsibl¢ for ensurin8 that the Gharity has assessed the risks Tttewd in carrying on its business and m8Jtes appropriate policy provisions to ellsure that appropriate action is undertaken. The m]stees have undertaken an assessment of major risks io which Ihe charity is exposed and are satisfied that systems 8re in place to Tnitigatc CXPOsure to the major risks tncluding fraud and error. ApDrovcd bv order of the board of tsustees 00 ... signed on its behalf by.. T Khan- TtUse Pdge 5
INDEPENDET EXAMINER'S REPORT TO TFIE TRUSTEES OF BthGLADESH YOUTH LEAGUE (LUTON) Independent examiner's report to the trustees of Bnglade$h Youth LeY&gue (Luton) I report 10 the Charity trSleeS on my ex&mination of th¢ accowits of Bangladesh Youth League (Luton) (the Trust) for the year ended 31 March 2024. Responslbilltles and basis of report As the ¢hariry Irust¢es of the TTht you are responsible for the pr¢paration of the a¢¢oullts in accordance with the requir¢ments of the Charities Act 2011 {he Act,). I report in r¢spe¢t of my examination of thc Trost's accounts carried out under Section 145 of the Act and in carying oul my ¢xamination I have followed all applicable Directions giv¢n by ihe Charity Conunission under Section 145(5llb) of the Act. Independent examlner's ststejnent Since your charitys gross in¢om¢ excttded £250,000 YOUT examiner must be a member of a listed body. I can confirm that I am qualified to undenak¢ the examination baUse l am a member of the lThstitute of Chartered Accoulltsnts in England and Wales, which ts one of the listed bodi¢5. I have completed my cxaTninatioM. I confirnl that no material matters hav¢ come to my attention in contjection with the examination giving me caus¢ io believe that in any ma(erial respect.. accounting records wcre not kept in respecr of the Tr$t as Tequir¢d by Section 130 of the Act- or thc accounts do not accord wilh those records" or th¢ accounts do not Comply with the applicable requiTemer]ts concerning th¢ fonn and content of accounts set out ID the Charities (AccounLS and Repons) Regulations 2008 other than any requiremeni that th¢ a¢counts give a truc and fair vt¢w which is not a matter considered as part olan independtni examination. I have no concerns and havc come across no other matters in conn¢Gtiun with the exatnination to which attention should be drawn in this repor( in order to abl¢ a pr r understanding of the accounts to be r¢ached. Stephen on BSC FCA FKCA imitcd 260- 270 Butterfield Great Marlings Luton Bedford&hire LU2 8DL Page 6
BANGLADESH YoirrH LEAGUE (LUTON) STATEMENT OF FINANCIAL AcfiviTtES for the Year Ended 31 MARCH 2024 2024 2023 Unrestrtcted nds- D¢signaied Unrestrictcd fund R¥5tri¢ted fill)d Total nd5 Total fidS Notes INCOME AND ENDOWMENTS FROM Charitable activitlos Bangladesh Youth League Centrc for Youth and Community Development BanElad¢sh After School Educational Support Service Little Stkrs Prc-school B YL Lunchcon Clubs Access Disability Project Rising Stars Play Sehcmc BBO Support into Employment Luton Digital Skills and Employment Project 3230 366,850 370.080 293,037 110.758 94.853 205.611 40.615 740 4,750 159,022 2.500 84.094 30.722 5,490 159.022 2,500 84,094 30,722 5.710 149.799 77,681 28,976 15.516 49248 49.248 119.471 Other trading activities Investment income OtheT income 1,057 29.553 1.846 1.057 29,553 1,846 21,882 298 Total 147.184 792,039 939,223 752.985 EXPEIYDrruRE ON Investment manag¢mcnt costs 8,464 8,465 6,270 Chgrltable a¢tlvltles Bangladesh Yollth League Centre for Youth aud Community D¢v¢lopmcnt Bangladcsh After S¢hool Educational Support Servicc Little Stars Pre-school BYL Luncheon Clubs A¢c¢55 Disability Proje¢r Rising Stars Play S¢hemc BBO Support into Employment Luton Digital Skills and Employlnent Project 56572 18.664 196.522 271,758 262,889 63.154 88,857 152,011 67.596 2,755 158,060 5,530 86,411 28,444 2,755 158.060 5,530 96.861 28,444 2.033 146,999 1,309 74.817 25.467 15.516 10,450 1,125 49,248 50,373 119.498 ToÉg1 131,302 18.664 624,291 774.257 722.394 Net gains on invcstments 5,671 NET INCOME/(EXPENDITURE) Transfers between funds 15,882 61.443 (18.664) {61,443) 167,748 164.966 36,262 21 Net movetDent in funds 77,325 180.107) 167,748 164,966 36,?62 The notes fomi p&rt of thesc financial staents Page 7
BANGLADESH YOUTH LEAGUE ILUTON) STATEMENT OF FINANCIAL ACTIVITIES for the Ye4r Ended 31 MARCH 2024 2024 2023 Unrestricled UnrestricEed fijnd RcsiricLed rund Total fimds Total funds Desi&in#ied Notes RECONCILIATION OF FUNDS Totsl fvllds brought forward 404,292 450,721 290,145 1.145,158 1.108.896 TOTAL FUNDS CARRIED FORWARD 481,617 370.614 457.893 1.310.124 1.145.158 Thc noies fonn part of these financi Statements Page 8
BANGLADESH YOiryH LEAGUE {LiON) BALANCE SHEET 31 MARCH 2024 2024 2023 Nolcs FIXED ASSETS Tangible assets Investment property 13 14 988,599 289.232 840.966 289,232 1,277,831 1,130.198 CURRENT ASSETS Debtors Cash at bank and in hand 15 9,516 380,483 68,410 294,528 389,999 362.938 CREDITORS Atnounts falling due within onc year 16 (234.910) (210,986) NET CURRELYT ASSETS 155.089 151,952 TOTAL ASSETS LESS CURRE LIABILITIES 1.432.920 1.282,150 CREDfTORS Amowits falling dlle aftcr morc than on¢ y¢ar 17 (122,796) (136.992) ASSETS 1.310.124 1.145.158 FUNDS 21 Unrestricted fiu)ds: General fid Designated Fund- Propcrty 481,616 370.614 404,292 450.721 852,230 855,013 Restricted fijnds 457.894 290.145 TOTAL FUNDS ,310,124 1.145,158 ncia iatcmenis were approved by the Board of TnLStees and authorised for issue wcrc signed on its behatf by.. on T Khan- Trustcc l K Chowdhury- Ttwsrcc The notes fom part of these financial starements Pag¢ 9
BANGLADESH YoirrH LEAGUE ILUTON) CASH FLOW STATEMENT for tht Year Ended 31 MARCH 2024 2024 2023 Notes Cash now5 from operating actlvities Cash generated from operations Ititerest paid 296.055 (8.465) 155,749 {6270) Net cash provided by operating activities 287.590 149,479 Cash now5 from investing aetivities Purchase of tanble fixed Sets (188.463) (68,191) Net cash us¢d in investing activities (188.463) {68,191) Cash flows from financing a¢tivltie$ Loan repayments ill year (13,172) {14,399) Net cmsh used in financing activities (13.172) (14,399) Change Sn tash and cash equivalents in the reporting period Cash and cAsh equlv*lents at the beginning of the reporting pertod 85.955 66,889 294.528 227,639 Cash and cash equivakll15 at the end of the reporting period 380.483 294.528 Th¢ notes fonn part of these financial stalemenis Page 10
BANGLADESH YOUTH LEAGUE (LUTON) NOTES TO THE CASH FLOW STATEMENT for the Year Ended 31 MARCH 2024 RECONCTLtATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTivrriES 2024 2023 Net income for the reportlng period (a$ per tbe Statement ofFinaD¢ial AelIties) Adjustments for: Depreciation charges Losses on inveSthntS Jnterest paid Decr¢ascl(increase) in debtors Increabe in creditors 164,966 36,262 40.830 34.617 (5.671) 6,270 (11,786) 96,057 8.465 58.894 22,900 Net ¢Ash provided by operatAons 296,055 155,749 ANALYSIS OF CHANGES IN NET FUNDS At 1.4.23 Cash flow At31.3.24 Net cash Cash at bank and in hand 294,528 85,955 380,483 294,528 85,955 380,483 Debt Dcbt5 falling due wRthin l year Debts falling due after l year (14,399) (136.992) (1,024) 14,196 (15.423) (122.796} (151,391) 13,172 (138.219) Total 143.137 99,127 The nots form part of these financial statemenrs Pagell
BANGLADESH YOUTH LEAGUE (LuroN) NOTES TO THE FTNANCIAL STATEMENTS for the Year Ended 31 MARCH 2f124 ACCOUNTING POLICIES Basis of preparing the fjnancial statements Thc fall(la1 siat¢mcnts have bcen pr¢pared under the historical cost convention with items reeognis¢d at C051 or trnnsaction value unless othcThis¢ slat¢d in thc r¢l¢vanL note(s) to thesc accounts. The financial statements have been prepared in accordanc¢ with the Statem¢nt of Recommcnded Practice.. Accounting and Reporiing by Charities pr¢paring their accounts in accordan¢e with the Financial R¢porting Siandard applicable in the UK and Republic of Ireland IFRS 102) and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011. Bangladesh Youth Lffdg {Luton) meets th¢ deftsnition of a publi¢ benefit ¢nliry under FRS 102. Th¢ pr¢sentatioD currency olthe fuwi¢ial sratem¢nt5 is the Pound Sierling (£) PreparAtion of the accounts on A going concern bisis The TNstecs believ¢ that thc charity has adequate resources in place and has takgn appropriate measures to approprialcly manage any principal risks and unccrtainlies. Thc trust¢¢s have considcred all relevant matters and believe thar the going concern basis continu¢s b¢ appropriate when preparing these accounts. Income All income is reCOls¢d in Èhe Statement of Finan¢ial Activitics once th¢ chdrity has entiil¢ment to the funits. it is probable that th¢ income will be rcccived and ihe amowjt can b¢ mcasured reliably. Government gran¢s GovcTnment grants are recogni5cd in the incomc and expendiDJrc accounts within other income when it is d¢¢lld to be r¢ccivabl¢ by th¢ Ch1 Expendlture Liabilits"¢s are recognised as expenditur¢ as suon as there is a legal or constntiVC obligation Gommitting th¢ charity to thai expenditure. it is probabl¢ thal a transfcr of economic ben¢fits will be requircd in settlemcnt and the amount of the obligation can be measwed reliably. Expellditure is acGounted for on an accruals basis and has been classified under headings that aggregate all cost related to th¢ category. Wh¢re costs cannot be directly attributed 10 pÈrti¢ular headings thcy have been allocated w activities on a basis consistent with th¢ use of resour¢¢s. Charitgble activlties Charitable actilitics costs comprise all direct eXpendIne and suppott costs attribuied (o the ¢haritable projects. Support costs are allocated directly io the project lo which they relat¢ and as such no apportiontnent a¢tiviucs arc use Governantt costs Governance costs comprises all costs involving the publ7¢ accountsbiliry of the charity artd its compliance with regulation and good praeiice. These COSL5 include thosc r05ts relating to th¢ statutory audit and legal fees. Allocation and apportionrnent of ¢ost5 All costs are directly allocatcd to the activity to which they relate. Tanglble fixed assets Tangible fixed asscts held for the companys use are stated al Cost less accumulated depr¢cixtion and accwnulated impairnient losses. Deprcciation is provided at the following annual rntes in order to write off each asset over it5 Estimated useful lifc. Freehold propcrry FiXtte8 and fittings Straighi line ovcr 40 years Page 12 conlinued...
BANGLADESH YOUTh LEAGUE (LUTO NOTES TO THE FINANCIAL STATEMENTS- continued for the Year Ended 31 MARCH 2024 ACCOUNTING POLICIES - continued TAnglble fixed assets Motor vehicles Computer equipment - 2/fj on cost 2/tr on ¢ost Included wtthin fixed a&sets is a freehold propety which is used in part to rther the charity's objectives and in part let out to commewial tenants. Land is not deprcciated. TDvestment property Investtnent propertie5 for which fair value carn be measured reliably without undue cost or effort are measured al fair value al each reporting date with changes in fair value rccognised in profit or105S. The methods and significanl assumptions used to ascertain the fair value at the balance sheei date and fair value movement included in thc profit for the year ar¢ follows= Properties are valued using an open market valuats'on by th¢ Board of Tnre¢s. Taxation The Charity is exempt from tax on its ¢harirable aclivitlCS. Fund accounting Unrestri¢t¢d fillS can be used in accordan¢e with the charitable ObJtiveS al the discrction of thv Ituslees. Restricted funds ¢an only b¢ used for particular restyi¢*d purposes within the objects of ihe charity. Restrictions aris¢ when splfIed by thc donor or when funds are raised for particular rcstr1cd puryJos¢s. Designated fid$ have arisen on the purchase of a n¢w building. This fjjnd can bc used in accordance with thc charitable objectives al the discrelion of the trustees. Financial instruments, cash and bank b4lan¢es Cath held by the ¢harity is inGluded at the amoun( acttthlly held and counted al the Ye end. Bank balances, whether ill credit or ovcrdrawi. are shown at the amounts properly reconciled to the bank stsl¢m¢nts. Financial instruments arc measur¢d as fatr vatue. tn the case of unlisted invesknents thcy are valued at nQTrJinal valuc. OTHER TRADING ACTIVITIES 2024 2023 Cafe Income 1,057 Page 13 conlinu¢d...
BANGLADESH YOUTH LEAGtr£ (LUTON) NOTES TO THE FINANCIAL STATEMENTS - continued for the Yexr Ended 31 MARCH 2024 INVESTMENT tNCOME 2024 2023 R¢nts re¢¢ived 29.553 21,882 INCOME FROM CHARITABLE A1VITIEs Bangladesh After School EducatiollaL Support Service Centre for Youth Bangladesh Youtèk Lcague Little Stars PTe-School BYL Luncheon Clubs Community Delopment Management fecs Room letting Granis Nursery fees Sundry 50,913 52,206 94.853 366,850 4.750 2,500 159,022 3.230 7.639 740 370,080 205.611 5.490 159,022 2,500 2024 2023 Luton Digital Skills and Employment Rising Stars Play Schem¢ A¢ces5 Disability Projeci Totsl Total Project actLVIti¢s IIVLtics Management fees Room Ictting Grants Nursery fees Sundry 50,913 52.206 633,017 159,022 11.609 9.185 21.690 548.369 149,799 1,762 84.094 30,722 49,248 84,094 30,722 49.248 906.767 730.805 OTHER INCOME 2024 2023 Bank interest 1.846 298 Page 14 conlinucd...
BANGLADESH YOUTH LEAGUE (LUTON) NOTES TO THE FINANCIAL STA TEMENTS- contlnued for the Yegr Ended 31 MARCH 2024 JNVESTMENT MANAGEMEIYT COSTS Investment management costs 2024 2023 Inter¢st payabl¢ and similar charges 8.465 6,270 CHARITABLE AcfiviTIES COSTS Support costs (see note 8) Direct Costs Tothls Banglddcsh Youth League Centre for Youth and Community Development Banglad¢sh After S¢hool Educational Support Servicc Little Stars Pre-school BYL Luncheon Clubs Access Dtsability ProJect Rising Stars Play Scherne Luton Digital Skn"115 and Emplojinent Project 266.508 5.250 271.758 152,011 152.011 2,755 158.060 5.530 96,861 28,444 2.755 158.060 5.530 96,861 28.444 50,373 50.373 760.542 5.250 765,792 SUPPORT COSTS Governance ¢osts Bangladcsh Youih Lcague 5.250 IIYDEPENDENT EXAMINERS REMUF4ERATION During the year, the ind¢pcndent exniller charged f¢es of £1,750 (2023.. £1.215) for the independent examination of the financial stdtcmcnts and £3.500 (2023.- £2.945) for non indcpend¢nt examination scrvicc io. TRUSTEES, REMUNERATION AND BENEFrrs There weie no trgle¢s, remuneration or otb¢r benefits for the year eJ]ded 31 March 2024 nor foi th¢ year ended 31 March 2023. Trustees, expenses There wer¢ no tnLStees' exp¢ns¢s paid for the y¢ar ended 31 March 2024 nor for tbe year ettded 31 Mar¢h 2023. Page 15 continued...
BANGLADESH YOUTH LEAGUE (LUTON) NOTES TO THE FINANCIAL STATEMENTS- continued for the Year Ended 31 MARCH 2024 STAFF COSTS 2024 2023 Wag¢s Social s¢¢urity Pensions Other staff ¢osts 305.805 17,101 3,184 83,044 306,436 18.325 11,047 81.697 409,134 305,967 The average monthly number of employ¢¢s during th¢ y¢ar was as follows: 2024 18 2023 21 Charitable activities No employees re¢eiv#d emoluments ill ¢xGcss of £60.000. 12. cOMPAIL4TEs FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestri¢t¢d fiwds- Designatcd Unrestricted fimd Restrictcd fund Total funds INCOME ENDOWMENTS FROM Charbtable activitie5 Bangladesh Youlb League Centr£ for Youth and Cornmunity D¢v¢lopm¢nt Bangladcsh After School Educational Support Service Little Stsrs Pr¢-S¢hool Access Disability Project Risitlg Stsrs Play Scheme BBO Support into Elnployment Luion Digitxl Skills and Employment Project 293.037 293,037 31.927 8.688 40.615 710 6,877 5,000 142.922 77,681 28,976 15,516 119.471 5,710 149.799 77,681 28,976 15,516 119,471 Investment incom¢ Other income 21,882 298 21,882 298 Total 61,694 691,291 752,985 EXPENDrruRE ON Invcsttnenr management costs (i) 6,270 6.270 Charitable *ctivities Bangladesh Youth League Centre for Youth and Communiry Devclopmellt Bangladesh After School Educational Support Service Little Stars Pre-school BYL Luncheon Clubs Access Disability Project Rising Stars Play Scheme BBO Support into EMploYnnt Lllton Digiial Skills and Employinent Project 12.431 17,541 232,917 262,889 58,908 8.688 67,596 2,033 146.999 2,033 146,999 1,309 74,817 25,467 15,516 119.498 .309 74.817 25,467 15,516 119,470 28 Page 16 continucd...
BANGLADESH YOLryH LEAGUE (LUTON) NOTES TO THE FINANCIAL STATEMENTS- continued for the Year Ended 31 MARCH 21124 12. COMPARA TIVES FOR THE STA TEMENT OF FINANCIAL ACTivfTtES- Continued Unr¢slriGkd ftthds. Desigllatrd Unrcstricled fund Rcstricled fimd Total fjJnds Totsl 72,677 17,540 632,177 722.394 Net E&ins on investhients 5,671 5.671 ET llYCOMEI(EXPENDrruRE) (5.312) 283,561 (17,540) (283,561) 59,J14 36262 Transfers between funds Net movem¢nt in funds 278.249 (301,101) 59.114 36,262 RECONCILL4TION OF FUNDS Total fijnds brought forward 126,043 751,822 231.031 1,108.896 TOTAL FUNDS CARRtED FORWARD 404.292 450.721 290,145 1,145.158 13. TANGIBLE FIXED ASSETS Freehold property. land And imp¥ovcm¢nts Fixtures Motor vehiclcs Cofflputcr equipment fiuings Totals COST At l April 2023 Additions 1.207.073 171,925 155,044 2,166 50.310 70.959 14,372 1.483,386 188,463 At 31 March 2024 1,378,998 157.210 50.310 85.331 1,671.849 DEPRECIATION At l April 2023 Chargc for year 393,240 27,581 145,403 3,503 50,310 53.467 9.746 642.420 40.830 Ar 31 March 2024 420.821 148.9Q6 50.310 63,213 683.250 NET BOOK VALUE At 31 March 2024 958,177 8.304 22,118 988.599 At 31 March 2023 813.833 9,641 17,492 840.966 Page 17 coniinued...
BANGLADESH YOUTH LEAGUE ILUTON) NOTLS TO THE FINANCIAL STATEMENTS- contlnued for the Year Ended 31 MARCH 21124 14. INVESTMENT PROPERTY FAIR VALUE Al l April 2023 and 31 M8rch 2024 289,232 I¥ET BOOK VALUE Ai 31 March 2024 289,232 At 31 March 2023 289.232 Thcrc are no restrictions on the ability to realise investsD¢nÉ propety or on thc remittance of income and proc¢¢d5 of dispotsal. nor are there any contraLtaj obligations for the purchase, consttwtion, or development of investment property OT for repairs, maintenance or enhan¢ements. L¢asing Agreements Minimum lease payments under non-cancellable operating l¢ases are receivable as follows-. 2024 2023 Within one year B¢cw¢¢n one and five years 17.4(K) 24.000 23,000 36.000 41.400 59,000 Fair valuc at 31 March 2024 15 Tcpresclld by: Valvltion in 2023 289,232 A5. DEBTORS: AMOUNTS FALLG DUE WITHIN ONE YEAR 2024 2023 Rcccivables Other debtors Prepaym¢nls and aCcnd income 3,420 4,751 1,345 26.826 40.289 1,295 9,516 61¢.410 Pa¢Fe l 8 continued...
BANGLADESH YOUTH LEAGUE (LUTON) OTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 MARCH 2024 16. CREDtTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Bank loans and overdrafts (see note 18) Payables Other creditors Grants payable Accruals and deferred income 15,423 42,448 50,640 1,590 124,809 14,399 42,751 21.566 1,590 130,680 234,910 210,986 DEFERRED ll¥COME Grant Income Defcrred Income brought forward at l April 2023 tn¢omtng resources d¢ferred in thc current year Amounts released from prcvious years 125,821 114.660 (124.8211 Defured Itjcomc caTTied fonvard at 31 March 2024 115,660 Grant ittconr is defetted as the charity is not ertlitted to the income until certain conditions arc MCL 17. CREDITORS: AMOUNTS FALLtNG DUE AFTER MORE THAN ONE YEAR 2024 2023 Bank loans (s¢e note 18) 122,796 136,992 18. LOANS An alySIS of the maturity of108ns is giv¢n below.. 2024 2023 Atnowirs falling due witbin one year on demand: Bank loans 15.423 14,399 Amounts falling duc between Iwo and five y¢ars". Bartk loans- 2-5 ycars 111.228 88,669 Amounts falling due in MOTC than five ycars.. Repayable by instslments: Bank loans > 5 years 11.568 48.323 Pabye 19 continued...
BANGLADESH YOUTH LEAGUE (LUTON) NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 MARCH 2024 19. SECURED DEBTS The following s¢cur¢d debts aff included within creditors.. 2024 2023 Bank loans 138,219 151,391 Land at 108 tEagrave Road is held as security over the mortgage. 20. ANALYSIS OF NET ASSETS BETWEEN FUNDS 2024 2023 Unrestrictcd fidS - Dcsignated Unrestricted fund Restricred fund Tolal funds Total fimds Fixcd assets Inve5tmcnts CutTent assets Cllrr¢nt liabilities Long tenn liabilili¢5 99,215 289,232 312,655 (219.486) 508.833 380,551 988,599 289,232 389,999 (234,910) 1122.796) 840,966 289.232 362.938 (210,986) (136.992) 77.344 (15.423) (122,796) 481.616 370,614 457,894 1,310.124 ,145.158 21. MOVEMENT IN FUIWS Nct ovement in funds Transfers behveen fijnds At 31.3.24 At 1.4.23 Unrestrfeted funds Gcncral fund Designated Fund - Property 404,292 450.721 15,881 (18,664) 61.443 {6l,443) 481.616 370.614 855,013 (2.783) 852.230 Restricted funds Restricted fijnd 290.145 167.749 457,894 TOTAL FUNDS 1.145.158 164.966 1,310,124 Nct Tnov¢m¢nt in funds. Included in thc abovc are as follows: Incoming resources Rcsourccs expended Movement in fiJnd5 Unrestrlcted funds General frd Designated Fund - Property 147,184 (131.303) {18,664) 15.881 (18,664) 147,184 {149,967) (2.783) Restricled fund5 Restricted fund 792.039 (624,290) 167.749 TOTAL FUNDS 939,223 (774,257) 164,966 Page 20 continued...
BANGLADESH YOiryH LEAGUE WUTQN) NOTES TO THE FINANCIAL STATEMENfs- contlnued for tbe Year Ended 31 MARCH 2024 21. MOVEMENT IN FUIWS- continued Comparadves for Tllovem¢llt in funds Nel nx)vemenl in funds Transfers between funds At 31.3.23 At 1.4.22 Unrestrieted fundi General fund Designated Fund- Property 126,043 751.822 (5.312) (17,540) 283,561 (283,561) 404.292 450.721 877.865 (22,852) 855.013 Restricted fund5 Reslricled fund 231,031 59,114 290.145 TOTAL FUls 1.108,896 36.262 1,145.158 Comparative net movernent in fimds. included in the above are as follows= Incoming rG%ources Resources expended Gains and losses Movn¢nI iu funds Unr¢stricted fund5 General fijnd Designated Fund- Propety 61,694 (72.677) {17,540) 5,671 (5,312) (17.540) 61,694 (90.217) 5.671 (22,852) Restricted funds Restrict¢d fiujd 691.291 (632,177) 59,114 TOTAL FUNDS 752,985 (722.394) 5,671 36,262 A current year 12 months and prior year 12 months combined position is as follows: Net movcmcnt in funds Transfers between fids Ai 31.3.24 At 1.4.22 Unrestric¢ed fund$ General futsd Designated Fund_ Propety 126,043 751,822 10.569 (36,204) 345.004 (345.004) 481.616 370,614 877,865 (25.635) 852,230 Restricted funds Restrict fiind 231,031 226.863 457,894 TOTAL FUNDS 1.108.896 201,228 1,310,124 Page21 ontinued...
BANGLADESH YOUTH LEAGUE (LirroN) NOTES TO THE FINANCIAL STATEMENTS- eontlDued for ¢he Year Ended 31 MARCH 2(124 21. MOVEMENT IN FUNDS- continued A current year 12 months and prior year 12 rnonths combined net mov¢mcnt in fiJnds. included in the above are as follows.. Incoming resourc¢s R¢sourccs expended Gains and losses Movement in funds UDre$tricted ndS GeD¢ral fund Design&ted Fund- Property 208.878 (203.980) (36,204) 5,671 10.569 (36,204) 208.878 (240,184) 5.671 (25,635) Restricted funds Restricted fiind 1.483.330 {1.256.467) 226,863 TOTAL FUNDS 1,692.208 (1,496.651) 5,671 201,228 Page 22 ¢oniinued...
BANGLADLSH YOUTH LEAGUE {LoN) NOTES TO THE FINANCIAL STATEMENTS- CntinUed for ¢he Year Ended 31 MARCH 2024 21. MOVEMENT IN FUNDS- contlnued Restricted fund Project Balance 4t 31 March 2024 (£) 55,800 Remarks National Lottery Cotnmunity Fund BYL This 1¢6¢rv¢ in¢lude5 capital expenditure of £60,000, which was speni in the year 2022-23.This will be released to SOFA as the asscts arc deprecia(ed. This re5etve includcs capital expenditure of £6.119. which was spcnt in the year 2023-24.This will be relcased lo SOFA as the asscts arc depreciated. The restricted underspend will be spent during 2024-2025 Iinanctal year. The restricted underspend will be spent durtng 2024-2025 financial yeai.. Th¢ r¢stricted wjderspend will bc spcnt during 2024-2025 finan¢iat y¢ar. This was spcnr on capital items in the year 2016-l7. This will be released to SOFA as the asset is dcprcciated. This reserye includes capital cxpcnditure of £47.326 which vaas spent in thc year5 2013-14 and 2014-15. The iiems will be released te SOFA as the assets is depreciated. The Testricted underspend will be sp¢ni during 2024-2025 fmancial year. This res¢rve iRclud¢s £4,566 which was spent oll Building works in thc y¢ar 2014-15 and £107,033 was spent on capital item5 in the year 2013-14. This Thill be released to SOFA as the assei is d¢prcciated. The underspw]d will bc bpcnt during 2024-25 financial year. Cost of Living Grants- Nabonal Lottery Community Fund CYCD 5.997 Henry Smith Charity BYL 11,040 Flood Fund Rais¢ BYL 4.131 Lon Borough Council BASESS 7,094 Luton Borough Council LUNCHEON 1.421 Autism Bedfordshire ADP 36,914 Autism Bedfordshire ADP 10,959 Nursery Education Funding (NEF)ITwo Year Funding Little Star5 Pre4ch¢x)I 87.047 Nursery Ethication Funding {NEF)ITwo YcaT Funding A¢tiv¢ Lulon Little Siars Pre-school 27,079 Rising Stars 13,719 Tbe underspend will be spent during 202&25 financial year. This was sp¢nt on capiral items in the year 2021-22. This will be released (o SOFA as the asset is depreciated. This was spent on capital itcms in the year 2023-24. This will be rele&sed to SOFA as thc asset is deprecialcd. DCMS Youth Inv¢slmenl Fund BYL 34.993 Youth Invcstment Fund (Y} BYL 161,700 457,894 Transfers between funds A transfer has been made between gen¢ral and designatcd fund5 to reflect the value of the property designatcd, less the valu¢ of the mortgage left to pay. PagTe 23 conlinued...
BANGLADESH YOUIH LEAGUE (LUTON) OTES TO THE FINANCIAL STATEMENTS- contlnued for the Year Ended 31 MARCH 2024 22. RELATED PARTY DISCLOSURES Therc wcre no related party transactions for the pr ended 31 MaTch 2024 nor for the year ended 31 March 2023. 23. ULTIMATE COY4TROLLING PARTY The ehority is jointly controlled by the Executive Committee of Trustees. 24. RESTRICTED GRANfs RECEIVED Income 2024 Restricted Fund Project BYL BYUCYCD BYL BYL B YLICYCD BYL Stccl Charitablc Tnjsi Garfield Weston Foundation National Lottery Hcritagc Fund National Lottery coE[ullity Fund Cost of Living Grants- Naiional Lottery Community Fund Bedfordshire & Luton Community Foundation (Health & Wellbeing and Garden Project) Bcdfordshirc & Luton Community Foundation (Domesti¢ Violen¢e)) Hcnry Smith Charity Awards for All Post Code Lottcry Sported FouLdation Luton Borough Council Luton Borough Counc Wixamtr¢¢ TNbt Autism B¢dfordshir¢ Active Lutoll Nursery Education Funding (NEF) l Two Year Funding 5,025 20.000 30.479 80.762 74,853 BYL 13,375 BYL BYL BYL BYL BYL BASESS LUNCHEON ADP ADP ADP Littl¢ Stars Pre•school Luron Digital Skills & Employment Project Rising Stars BYL 15,680 34,950 3.328 17.752 500 4,750 2.500 5,000 63.844 15,250 159.022 EsFWP AGtive Luton Youth Inveskn¢nt Fund (YIF) 49.248 30,722 165,000 792,040 Pa¢ye 24