BANGLADESH WELFARE
SOCIETY OF BARNET (BWSB)
Trustees, report
and
Financial statements
For the year ended 31 December 2024
The rear of 18 Brookhill Road
East Barnel
EN4 8SD
Registered charity no.. 1111008

CONTENT
Page
Legal and Administrative Information
About BWSB
Structure: Governance and Management
Financial Review
Independent Examiner's Report to the
Board of Trustees of BWSB
Statement of Financial Activities
Balance sheet
Notes to the financial statements
10
11

LEGAL
AND
ADMINISTRATIVE INFORMATION
Status
The Irustees, who are also the directors for the purposes of company law, present Iheir report and the unaudited
financial statements of the charity for the year ended 31 December 2024.
Board of Trustees
Anhar Miah
Badrul Islam
Belal Ahmed Chowdhury
Gousul Bari Chowdhury (Chairman)
Haji Abdul Gaffar
Jamal Miah
Kalam Matin
Mohammad Fozlul Hoque
Mohammed Nurul Islam
Mohammed Fozor Ali
Mohammed Ochi Miah
Ruhul Amin (Secretary)
Siraj Uddin
Tofozzul Miah
Company secretary
Belal Ahmed Chowdhury
Registered charity number:
1111008
Company registration number: 05314510
Registered Office
The rear of 18 Brookhill Road
East Bamet
EN4 8SD
Independent Examiner
Alamgir Hossain, ACCA
Accountant
Charity Finance and Accounting
64 Gale Street
Essex
RM9 4PA
Bankers
Barclays Bank UK PIC
Whetstone Branch
London
N20 OPB
Page 1 of14

ABOUT BWSB
Our Objectives
Our objectives are to promote the Bangladeshi
Cultural Heritage., to encourage the celebration
of special events such as the Independence
Day of Bangladesh,. to encourage ethnic
minorities to socialise in their spare time: to
provide services to teach English to those with
limited ability. to provide help to the elderly in
the community" to help integration between all
societies in the community; to promote female
independence" to promote voluntary work in the
local community and to advance education,
particularly among persons of Bangladeshi
origin- to provide knowledge of Religious
Education and literacy of Bengali language.
membership and finance which meet more
regularly.
Achievements and Performance:
Over the past five years, BWSB has continued
to serve the local community by offering..
Five daily congregational prayers
Weekly Jummah prayers
Taraweeh prayers during Ramadan
Eid prayers
Additionally, our appointed experts have
completed comprehensive reports that will
enable us to commence the tendering process
for the upcoming new-build project.
Our mission
We envision a society where Bengali heritage
and culture are actively promoted and
appreciated.
In November 2024, we successfully organised a
joint charity fundraising dinner in collaboration
with our neighbouring mosque. IANL. The event
was well-received by the community and
resulted in a significant amount of funds being
raised towards our ongoing development
project.
What we do
We seek to meet the needs of the ever-growing
Muslim community in Barnet by providing and
facilitating good practice in faith, community
development & educational services.
Future charitable activities
Organisation
Bangladesh Welfare Society of Bamet Limited
is a company limited by guarantee governed by
its Memorandum and Articles of Association
dated 16th December 2004. It is registered as
charity with Charity Commission. Anyone
over the age of 18 and is a resident or working
in the London Borough of Bamet and agrees to
pay an annual subscription of £20.00 par
annum can become a member of the company
and there are currently ￿enty-One members.
each of whom agrees to contribute £10 in the
event of the charity winding up.
Our vision for the future is centered around the
completion of a new purpose-built mosque that
will better serve the needs of our growing
community. To achieve this. our primary focus
remains on fundraising, with a target of raising
approximately £2 million to cover construction
costs.
Key priorities moving forward".
The tendering process for the new build will
begin shortly, and we aim to appoint a
company that is competitive, reliable, and
fully aligned with our project requirements.
We anticipate construction to commence in
2026, subject to securing the ne￿SSary
funds.
The board of trustees consists of fourteen
members to administrate the Charity. The
board meets quarterly and there is a
subcommittee covering development,
Page 2 of 14

series of community engagement
initiatives and social media campaigns are
planned to help raise the remaining balance.
Discussions are also underway with local
charities and landlords to secure temporary
facilities while construction is in progress.
We recognise that maintaining our current
activities during the redevelopment period will
be challenging, but with the strength, unity. and
dedication of our community, we are confident
that we will succeed. Insha'Allah.
Page 3 of 14

STRUCTURE: GOVERNANCE
AND MANAGEMENT
Governing document
Bangladesh Welfare Society of Bamet Limited
is a company limited by guarantee governed by
its Memorandum and Articles of Association
dated 16th December 2004. It is registered as
charity with Charity Commission under charity
number 1111008.
make judgements and estimates that are
reasonable and prudent,.
prepare the financial statements on the
going concem basis unless it is inappropriate to
presume that the charitable company will
continue in business.
The trustees are responsible for keeping proper
accounting
records
that disclose
with
reasonable accuracy at any time the financial
position of the charity and to enable them to
ensure that the financial ststements comply with
the Charities Act 2011 and the provisions of the
trust deed. They are also responsible for
safeguarding the assets of the charitable
company and hence for taking reasonable steps
for the prevention and detection of fraud and
other irregularities.
The trustees for the purposes of charity law who
served during the year and up to the date of this
report are set out on page 1.
Organisational structure
The charity trustees are responsible for the
general control and management of the charity.
The trustees give their time freely and re￿1ve
no remuneration or other financial benefits from
the Charity.
The Board meets quarterly to review the
organisation's progress and strategy and
maintain financial oversight.
As a small
organisation, there is a strong level of
involvement of the Board in supporting BWSB'S
growth and development ranging from
fundraising support to drafting policies and
representing the organisation at external events.
Risk Management
The Board of Trustees has a risk management
strategy which comprises..
A quarterly review of the risks the charity
may face.
The establishment of systems and
procedures to mitigate those risks
identified.
The implementation of procedures
designed to minimise any potential
impact on the charity should those risks
materialise.
Trustees Responsibility Statement
The trustees are responsible for preparing the
Trustees, Report and the financial statements in
accordan￿ with applicable law and United
Kingdom Accounting Standards (UK GA4P).
The law applicable to charities in England and
Wales requires the charity trustees to prepare
financial statements for each year which give a
true and fair view of the state of affairs of the
charity and of the incoming resources and
application of resources of the charity for that
period. In preparing the financial statements.
the trustees are required to:
select suitable accounting policies and
then apply them consistently:
observe the methods and principles in
the Charity SORP",
The main risks identified by the Board of
Trustees this year include=
The reputational risk of working with
other organisations or individuals which
may affect our credibility amongst our
diverse range of stakeholders.
Changes to the law on charities and
campaigning. The Board is staying up to
Page 4 of 14

date with developments and ensuring
that BWSB remains compliant with
requirements.
existing trustee assisting on particular activities
and projects run by the charity. After satisfactory
feedback from existing trustees, they are then
given the task of leading a particular activity or
project and reporting progress at trustees,
meetings.
Recruitment and appointment of trustees
The existing trustees are responsible for the
recruitment of new trustees but in so doing the
trustees seek the views and recommendations
of both elders and community leaders. The
trustees believe this approach ensures that new
trustees are respected members of the local
communities and ensures that good relations
are fostered between the organisation and the
people of the local community that we seple.
In selecting new trustees, we seek to identify
people who regularly attend events and
functions organised by the charity and are
willing to volunteer to help in our broader
community work. Potential trustees are invited
to attend trustees, Meetings as observers and
are given more details of the charitvs aims and
activities and, if all agree, they are then
proposed as new trustees al the subsequent
trustees, meeting. This process allows due
consideration of the person's eligibility, personal
competence. specialist knowledge and skills.
Volunteers recruiting procedure
BWSB'S work would not be possible without the
large numbers of volunteers who get involved in
the day-to-day office activities as well as
supporting
events and
other
activities.
Volunteers are an important resource in both
our faith and community work. Volunteers are
involved in rnosl of our faith and community. We
encourage all members of our foundation lo be
involved in voluntary activities and to share their
skills with others. All those volunteers working
with projects involving children or other
vulnerable groups are subject to CRB checks.
Public benefit
The Board of Trustees confirms that they abide
by the Charity Commission's general guidance
on public benefit complying with Section 4 of the
Charities Act 2011 to have due regard to public
benefit in pursuance of its objectives and
activities.
Induction and training of trustees
Following the appointment, new trustees are
introduced to their new role and given copies of
the trust deed and a guide to Ihe policies and
procedures adopted by our charity. Several
publications from the Charity Commission are
also provided including the guidance on
charities
and public benefit and the
advancement of religion for the public benefit.
This ensures that new trustees are aware of the
scope of their responsibilities under the
Charities Act. Initially. new trustees work with an
Page 5 of 14

FINANCIAL REVIEW
The financial statements have been prepared in
accordance with the accounting policies set out
on page 11 of the attached Financial
Statements and comply with applicable laws
and requirements of the 'Accounting and
Reporting by Charities:
Statement
of
Recommended Practice (SORP) issued by the
Charity Commission.
The trustees have identified no material
uncertainties that may cast doubt on the ability
of the charity to continue as a going concem.
Income
6V.
94°/0
Income
Donation
Rent
The charity's total incoTne for the year was
£318.9k (2023: £177.9k), a signrficant increase
compared to the previous financial year. The
Charity received a rental income of £20k from
its property investment.
Expenditure
Our total expenditure for the year ended 31
December 2024 was £106.3k (2023.. £63.4k).
The expenditure on the charitsble objective was
£60k (2023= £60k). The fundraising expenditure
for the financial year was £17.4k (2023: £3k)
Three years, income trend (£000)
How our money spent
16%
56Yo
27Y(t
Fundraising
Charitabte activities
. Propety hAanagement
2022
2023
2024
Page 6 of 14

Net assets
The balance sheet for the charity shows a
balance of net assets of £1.2m. compared to
£1m in the previous year, representing an
increase of £212.6k in the working capital and
reserves.
The accounts of the Charity were approved by
the Board of Trustees on 12 September 2025
Financial risk
The Board of Trustees has the overall
responsibility for ensuring the Charity has an
appropriate system of controls, financial and
otherwise, across the entire organisation in
order to provide reasonable assuran￿ that:
Its assets are safeguarded against
unauthorised use or disposition,
Proper records are maintained and that
financial information is reliable,
The Charity cornplies with relevant laws
and regulations.
Goosul Bari Chowdh
Chairman
Tofozzul Miah
Trustee
Tangible fixed assets
The Charity purchased a property during the
year for investment purpose.
Investment policy
The Investment Policy of the Charity is to invest
its surplus funds in properties that will generate
income for the Charity. The profit generated
from investment properties is utilized for
charitable purposes.
Company Secretary
Reserve policy
The Trustees recognise the need lo hold
sufficient reserves to allow protection of core
activities in the event of any income shortfalls to
implement long-term strategic programmes and
enable BWSB to cary out its essents'al projects.
The reserve policy ensures, as far as possible,
the sustainability of charitable activities across
various sectors.
Page 7 of 14

INDEPENDENT EXAMINER'S REPORT TO THE
BOARD OF TRUSTEES OF BWSB
Independent examinerfs report to the
trustees of Bangladesh Welfare Society of
Barnet Limited ('the Company.)
Independent examiner's statement
I report to the charity Irustees on my examination of
the accounts of the Company for the year ended 31
December 2024.
I have completed my examination. I confirm that no
matters have come to my attention in connection with
the examination giving me cause lo believe..
Respective responsibilities of Trustees and
Examiner
accounling records were not kept in
respect of the Company as required by section 386
of the 2006 Act.. or
As the chartvs trustees of the Company (and also
its directors for the purposes of company lawl you
are responsible for the preparation of the accounts in
accordance with the requirements of the Companies
Act 2006 {'the 2006 Act,).
the accounts do not accord with
those records. or
the accounts do not comply with the
accounting requirements of section 396 of the 2006
Act other than any requirernent that the accounts
give a true and fair view which is not a matter
considered as part of an independent examination.
or
It is my responsibility to:
examine the accounts under section 145 of
the 2011 Act;
the accounts have not been
prepared in accordance with the methods and
principles of the Statement of Recommended
Practice for accounting and reporting by charities
lapplicable to charities preparing their accounts in
accordance with the Financial Reporting Standard
applicable in the UK and Republic of Ireland (FRS
102)].
to follow the procedures laid down in the
general directions given by the Charity
Commission (under section 145(5)(bl of the
2011 Act- and
to state whether particular matters have
come to my attention.
Basls of independent examiner's report
I have no concerns and have come across no other
matters in connection with the examination to which
attention should be drawn in this report in order to
enable a proper understanding ofthe accounts to be
reached
My examination was carried out in accordan￿ with
general Directions given by the Charity Commission.
An examination includes a review of the accounting
records kept by the charity and a comparison of the
accounts presented with those records. It also
includes consideration of any unusual items or
disclosures
the accounts
and seeking
explanations from you as trustees concerning any
such matters. The procedures undertaken do not
provide all the evidence that would be required in an
audit, and consequently. no opinion is given as to
whether the accounts present a 'true and fair view.
and the report is limited to those matters set out in
the Statement below.
Alamgir Hossain, ACCA
London
Date: 12 September 2025
Page 8 of 14

STATEMENT OF
FINANCIAL ACTIVITIES
For the year ended 31 December 2024
Unrestricted Restricted
Funds
Funds
Total
2024
Total
2023
Notes
INCOME
Voluntary inGome."
Donations
298,510
298,510
157,484
Rent income
20,400
20,400
20,400
TOTAL INCOME
318,910
318.910
177,884
EXPENDITURE
Costs of raising funds:
Fundraising cost
Propety Managemenl Costs
17,440
28.911
17,440
28,911
3,301
Expendltura on charltable activities:
Programme expenditure
59,997
59,997
60,081
TOTAL EXPENDITURE
106,348
106,348
63,382
Net incomel(expendlture) and net
movement in funds for the year
212,562
212,562
114,502
Reconciliation of funds:
Total Funds brought fonyard
1.023.668
1,023,668
1,023,668
Total funds carried forward
1,236,230
1,236,230
1,138,170
The slatement of financial activities indudes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
Page 9 of 14

BALANCE SHEET
As at 31 December 2024
Notes
2024
2023
Fixed assets
Tangible assets
Investments
884,450
893,760
884,450
893,760
Current assets
Debtors
Cash at bank and in hand
210,000
180,279
120,000
52,907
390,279
172,907
Credltors: amounts falling due within one year
(38,499}
(42,999)
Total assets less current liabilities
1,236,230
1,023,668
Creditors.. amounts falling due after more than one year
Net assets
1,236,230
1.023,668
The funds of the charity:
Unrestricted income funds
General fund
Restricted income funds
1,236,230
1,023,668
Total charity funds
1,236,230
1,023,668
For the year ending 31 December 2024, the charity was entiued to exemption from audit under section 477 of the
Companies Acl 2006 relating lo small companies.
Directors, responsibilities-
.The members have not required the company to obtsin an audil of its financial ststements for the year in question
in accordance with section 476.,
.The directors ackn￿edge their responsibilities for complying with the requirements of the Act with respect to
accounting records and the preparation of financial ststements.
These financial slatements have been prepa￿d in accordance with the provisions applicable to companies subject
to the small companies. regime.
These finanGial slatements were approved by the board of trustees and authorised for issue on 12 September 2025,
and are signed on behalf of the board by:
Gousul Bari Chowdhury
Chairman
Ruhul Amin
Company Secretary
Page 10 of 14

NOTES TO THE
FINANCIAL STATETh.fjFNT
For the year ended 31 December 2024
1 Accounting policies
Basis of accounting
The financial statement5 of the charitsble company,
which is a public benefit entity under FRS 102. have
been prepared in accordance with the Charities
SORP {FRS 102) 'Accounting and Reporting by
Charities.. Statement of Recommended Practice
applicable to charities preparing their accounts in
accordance with the Financial Reporting Standard
applicable in the UK and Republic of Ireland (FRS
102) (effective 1 January 2015)., Financial Reporting
Standard 102 The Financial Reporting Stsndard
applicable in the UK and Republic of Ireland. and the
Companies Act 2006. The financial statements have
been prepared under the historical cost convention.
Judgements and key sources of
estimation uncertainty
The preparation of the financial statements requires
management to make judgements, estimates and
assumptions that affect the amounts reported. These
estimates and judgements are continually reviewed
and are based on experience and other factors,
inclLwJing expectstions of future events that are
believed to be reasonable under the Circumstan￿S.
Fund accounting
Unrestricted funds are available for use at the
discretion of the trustees to further any ol the charity's
purposes.
b)
Basis of preparation
The financial statements have been prepared on the
historical cost basis, as modrfied by the revaluation of
certain financial assets and liabilities and investment
properties measured at fair value through income or
expendilure.
Designated funds are unrestricted funds earmarked
by the trustees for a particular future project or
commitment.
The financial statements are prepared in sterling,
which is the functional currency of the entity.
Restricted funds are subjected to restrictions on their
expenditure declared by the donor or through the
terms of an appeal and fall into one of sub-
classes: restricted income funds or endowment funds.
Going concern
There are no material Un￿rtaIntieS about the
charity's ability to continue.
g)
Incoming resources
All incoming resources are included in the ststement
of financial activities when entitlement has passed to
the charity- it is probable that the economic benefits
associated with the transaction will flow to the charity
and the amount can be reliably measured. The
following specific policies are applied to particular
categories of income:
d)
Disclosure exemptions
The entity satisfies the criteria of being a qualrfying
entity as defined in FRS 102. As such. advantage has
been taken of the following disclosure exemptions
available under paragraph 1.12 of FRS 102.. (al No
cash flow ststemenl has been presented for the
company. (b) Disclosures in respect of financial
instruments have not been presented.
income from donations or grants is
recognised wthen there is eviden￿ of entitlement to
the gift, the receipt is probable and its amount can be
measured reliably.
legacy income is recognised when receipt is
probable and entitlement is established.
Page11 of14

income from donated goods is measured at
the fair value of the goods unless this is impractical to
measure reliably, in which case the value is derived
from the cost to the donor or the estimated resale
value. Donated facilities and ServI￿S are recognised
in the accounts when received if the value can be
reliably measured. No amounts are included for the
contribution of general volunteers.
that activity. Shared costs are apportioned be￿een
the activities they contribute to on a reasonable,
jusb"fiable and consistent basis.
Tangible flxed assets and depreciatSon
Non-programme expenditure of more than £50 per
item for buildings, equipment and leasehold
improvements is capilalised at cost. Depreciation is
provided at rates calculated to write off the cosl less
income from contracts for the supply of
services is recognised with the delivery of the
contracled service. This is classified as unrestricted
funds unless there is a contractual requirement for il
to be spent on a particular purpose and retumed if
unspent, in which case it may be regarded as
restricted.
the residual value of each asset over ils expected
useful lrfe, as folk)ws:
Leasehold properties
Straight line over
the life of the lease
1 % straight line
250/0 straight line
100/0 Straight line
15 % straighl line
15 % straight line
Freehold properties
Computers and sofvare
Fixtures and fittings
offi￿ equipment
Motor vehicle5
h)
Resources expended
Expenditure is recognised on an accruals basis as a
liability is incurred. Expenditure includes any VAT
which cannot be fully recovered, and is classified
under headings of the statement of financial activities
to which it relates=
i)
Taxation
As a regislered charty. BWS8 is exempt from
taxation of income and gains to the extent these are
applied to charitable objectives.
expenditure on raising funds includes the
costs of all fundraising activities. events, non-
haritsble trading activities. and the sale of donaled
goods.
k)
Limited by guarantee
The liability of the company is limited by guaranlee
and has no share capital. The liability of each
member in the event of winding up is limited to £10.
expenditure on charitable activities includes
all costs incurred by a charity in undertaking activities
that further its charitable aims for the benefit of its
beneficiaries, including those support costs and costs
relating lo the governance of the charity apportioned
to charitable activities.
other expenditure includes all expenditure
that is neither related to raising funds for Ihe charty
nor part of its expenditure on charitable adivities.
All costs are allocated to expenditure categories
reflecting the use of the resource. Direct costs
attributable to a single activity are allocated directly to
Pape 12of14

Unrestricted Restrlcted
Funds
Funds
Total
2024
Total
2023
Donations
General Donation
Membership fees
298.510
298,510
157,484
298,510
298,510
157,484
Analysis of expenditure on charitable activities
2024
Total
costs
2023
Total
costs
Direct
costs
Support
costs
Cost of generating funds
Property Managemenl Costs
13.975
28.911
3.465
17,440
28.911
3.301
Charitable activities
Prayer Service and other
activities
48,075
11,922
59,997
60,081
Total Charitable actlvities
48.075
11.922
59,997
60.081
Total expenditure
90,961
15,387
106,348
63,382
Anatysls of support costs
2024
2023
Support costs
Finance and IT costs
offi￿ Expenses
Governance costs
446
12,072
3,432
15,387
15,387
15,950
Tangible fixed assets
Freehold
Buildin
Building
renovation
Furniture
& Equipment
Total
Cost
At 1 Jan 2021
Addltions
931.000
931.000
As at 31 Dec 2021
931,000
931,000
Depreciation
At 1 Jan 2021
Charge for the year
As at 31 Dec 2021
37,240
9.310
37,240
9.310
46,550
46,550
Net book values
At 31 Dec 2021
884,450
884,450
NBV at 31 Dec 2020
893,760
893,760
Page 13of14

Debtors
2024
2023
Loan given to other Charities
210.000
120,000
210,000
120,000
Creditors: amounts falling due within one year
2024
2023
Qurd Hasana Loan
Other creditors
36,000
2,499
40,500
2,499
38,499
42,999
Movement of funds
Asat
01 Jan 24
Incoming
Resources
Resources
Expended
Asat
31 Dec 24
Unrestricted funds
General fund
1.023.668
318,910
(106,348)
1,236.230
Total unrestrlcted funds
1,023,668
318,910
(106,348)
1,236,230
Restrlcted funds
Total unrestricted funds
TOTAL
1,023,668
318,910
1106,348)
1,236,230
The charity did not collect any new Qarz Hasana (loan). but refundsed £4,500 lo two individuals during the
financial year. The outstanding balan￿ of loan as al 31.12.2024 was £36.000
Page 14 of 14