BROMLEY BY BOW BANGLADESHI FORUM Charity Registration Number: 1111302 REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 REPOR TING ACCOUNTANTS.. AM ACCOUNTANCY SERVICES 43 BEN JONSON ROAD LONDON E14SA TEL. 020 7790 6111 Page 10112
BROMLEY BY BOW BANGLADESHI FORUM FOR THE YEAR ENDED 31 DECEMBER 2023 CONTENTS Pages Infoimalion ol finanoal Statements Report of thé Exècutive Comrnillee Slalemenl ol responsibilitie5 01 the Committee.. Independent Examinerfs Report Income and Expenditure Accounts staiem8nt of Assets 8nd Liabilities 10 Notes lo the Account5 Page 2 0112
BROMLEY BY BOW BANGLADESHI FORUM FOR THE YEAR ENDED 31 DECEMBER 2023 MANAGEMENT COMMIThEE CHAIR PERSON Mr Wakibur Rahman GENERAL SECRETARY Mr Khales Uddin TREASURER Mr ILAS Mohammed AODRESS Ground Floor Devon Tenants Hall Powis Road LonfSon E3 3NL BANKER Barclays Bank P INDEPENDENT EXAMINER AM ACCOUNTANCY SERVICES 43 BEN JONSON ROAD LONDON E1 4SA TEL" 020 7790 6111 Chari 's Trustees.. Mi Wakibur Rahman Mr Khale5 Uddin Mr ILAS Mohamrned Page3of 12
BROMLEY BY BOW BANGLADESHI FORUM
REPORT OF THE EXECUTIVE COMMITTEE
FOR THE YEAR ENDED 31 DECEMBER 2023
The trustees present their report and linancial slalemenls for the year ended 31
December 2023.
Tl)e Ti'u5tccs liave adopted the provisions of the Statein¢nt ot Reconiiiiended l)raclice (SORPI
Accounting aiid Reporting by Chai"ities iSSLied iii 200) in prepuriiig Ihc annual report
aiid financial Sl¢ilemeiits of Èlle ChaTIty.
Legal Sl¢ltus:
Charity- Rc¥oistered with Ihe Charily Commission, Charity Niimbcr.- 1111302
Objects, l)rincipal Activities an(1 Organisation of the Charity
The Charity's objects are for tlie bciicfit of the inhabitanis of London Borouoh of Tower Iq<iinlets, and
iii parlÈciilar Iiiembers ol ihe Muslini Minority Eilii)ic CoinrniiniliL5 but cxclusively who (ire in
hardship by.,
al To advaiice tl)e l$12mic rrligioii and BLnuali Language. To
BROMLEY BY BOW BANGLADESHI FORUM REPORT OF THE EXECUTIVE COMMITTEE FOR THE YEAR ENDED 31 DECEMBER 2023 Org#2nisation: A Management Committee, the members ofwhieh are th8 trustees manages the aHair5 of the charity The Managernent Committee manages the business ol the ¢h8rity induding the pawng of all expenses Trustees: Trustees, who clie all llieiJbEr5 vf the e.xeculivL comiiiitiee, and who served dLirinLt the year are 5Ct oiit on paLve J. The trustees are elected ai the Annual Geiieral Meetin for m¢mbership of the Executive Coiiiinittce and Serve until the end of tlie next Aniiual Geiieral Meetin¥, where Ihey cali slaiid for re- ¢l¢¢iion as meinbers of the iiLw ExLcuiiv¢ CommitlLe. Trustees re5iionsibtlities in relalioll lo the financial statement.s The comtnittee or TrLlStces are r4uired by ch£lrity's la¥v to prepare tinaiicial 51ateinents for each Iinancizl year vhicl) give a irue aiid fair vieil of tlie fii)<lllLl<il aciivilic5 of the chariry and of ils financial position at Ihe end of thai year. Iii picpariiig those IiiiclllLl£il sialeineiits tlie Truslees are required to.. The Trustees are re.sponsible for preparing the Tstee$ Annual Report and the Financial Statements in accordance with applicable law and regulations and United Kingdom Accounlirig Standards (United Kingdom Generally AcTrpted A¢countin9 Practice) The law applicable to chafilies in England and Wales requires the Trustees to prepare Financial Statements lor each financial year which give a Iiuè and fair view of the slate ol allairs ol the charity and ol the Incomin9 resources and application ol resources ol the charity lor that period. In preparing these Financial Sialements. the Trustees are required lo.. Select suitable accounting policies and Ihen apply them consistently., ObseNe the methods and principles In the Charities SORP". Make judgemenls and accounting estimates that are feasonable and pwdenl, Prepare the Financial Slalemenls on the going concern basis unless Il is inappropriale to presume that the chanly will continue in operation The Trustees ale iespon5ible foi keeping proper accounting recoids Ihal disclose with asonable acGuracy at any time the financial position of the chanty and enable Ihem to ensure that the Financial Slatements Cotnply wth the Charities Act 2011 Ttte Charity {Accounts and Reportsl Regulations 2008 and the provisions ol the trust deed They are also iesponsible lor saleguaiding the a5set5 of the charity and hence loi iaking reasonable steps loi the prèvention and detection of fraud and other jrregularih.es VOLUNTEERS.. The Trustees wish to record their appreaation on behalf of the Charity and cofflmunity lor Ihe volunteers who assist in the smooth wnning ol the Charity and are critical in helping to keeps the running costs down RISK REVIEW= The Tiustees have conducted their OW review of the major risks to which the Charity is exposed and steps have been initialed lo minimise the identified risks. IUI functions of the Charity ale SUbjeed to periodic review resulting in a process of ongoing improvement All staff and volunteers are trainetj and have all the required statutory and regulatory clearances requiied. Page50112
BROMLEY BY BOW BANGLADESHI FORUM REPORT OF THE EXECUTIVE COMMITTEE FOR THE YEAR ENDED 31 DECEMBER 2023 SERIOUS INCIDENTS AND EXCEPTIONS= The Trustees ale pleased lo note. that there were no incidents which gave rise lo the need lor the Trustees lo lodge a Serious Incident Report with the Charity Cotnrn155ion. Furthermore. there were no Exceptions coided ancl which gave rise to the need for the Trustees lo record on the Charilf s Exceptions. Register. RELATED PARTY TRANSACTIONS.. During the yeai the Charity wa5 under Ihe conliol ol Trusltes and MHn3gernenl Cornmillee rnember5 as lisled above. This report. which h85 been prepared in accordance wlh the special provisions ol Part 15 ol the Companies Act 2006 applicable lo sm811 companies. No members ol the management committee received any remuneration during the year. No Iru51ee or olher person related lo the charity had any personal Inteiesl in any contract or transacts.on entered Into by the charity during the year. Reserve Policy 11 is the policy ol the charity thai unrestricted ftJnd5, which have not been designated lor a specific use, should be mainlainerj al a level equivalent lo its expenditure. The Trustees consider that resetV8s at this level will ensure that, In the event ol a significant diop in hjnding. They will be able lo conh-nue the charity's current activities while consideration is given to ways In which additional lunds may be raised. The Centre will aclivety work to achieve this level ol reserwes. INDEPENDENT EXAMINER According to Ihe provisions of the Charities Act 2008 and updated 2011, the Commillee has agreed that and audit 5s not required loi this financi31 ye8r. However due lo provisions ol the same act an independent examiner is required and AM Accountancy SeNicès appointed a5 external Accountant or Incsependeni Exarniner. Transaction and financial position The Statement of Financial Activities shows nel surplus for the year of £61,902 and our accumulated funds stand al £237.707 in lolal. AM Accountancy SeNices carried oul an Independent eKaTninalion ol the accounts included in th8 ièport. This report. which has been prepared in a¢cor68nce with the Statement ol Recommended Practice ISORPI Accounting and Reporting by Charities issued in 200S. Approved by the trustees and Signed on ils behalf by This report was approved by the Executive Commilt¢e on and signed on their behalf. Mr Wakibur Rahman Ichaiimanl Dale.. Mr ILAS Mohamrned (Treasurer) Dale". Page6of12
Accountants, Report
To the Trii.ste¢s of
BROMLEY BY BOW BANGLADESHI FORUM
FOR THE YEAR ENDED 31 DECEM8ER 2023
We report on the accounts for Ihe year ended 31 December 2023 set out on pages 8 10 12 which have
been prepared undei Ihe historical cost convention and the awounling policies Sel out in Dote 1
lo the financial 5taletnEnis
Rcspecliv¢ Responsibilities of Truytecs and Accountants
A5 described oli pag¢ 5 tlie tr115tees ai'¢ I'e5ponsiblc toi. tli¢ prei)aralioii of the financial
%l<ilLIIILnts. and they considcr Ili
BROMLEY BY BOW BANGLADESHI FORUM Statement of Financial Activities {Income & Expense Statement} FOR THE YEAR ENDED 31 DECEMBER 2023 2023 Total 2022 Total Notes Unrestricted Restricted Incoming Resources Voluntary Income.. Friday Collections General Colleclion- Boxes Shabebaraal l Lailalul Qadar Tarabi collection Ileqaf Eid Collection Donations & Conlribuli(>n Advertising Shop Students collection (Parents Conlributionl Membership Fees 62.950 36,238 2,035 8,300 62,950 36,238 2,035 8,300 54,865 271 1,705 8,110 200 3,459 2,337 650 1,004 74,545 3,440 4,246 4.246 375 82.200 375 82.200 Other Income.. Donations Via Gift Aid & Just Giving Total Incomin Resources 196.344 196.344 150,586 Resources Expended Difecl Charitable Expenditure Pnnting. postage. stationery & Advets'semenl Telephone. fax and pholocopies Rent, Rat85 and service charg05 Lighl, Heal and Water Cleaning Wages and Free13n¢e Cost5 Maklab Wages and Freelance Costs Events and a¢livilies (Project Coslsl 370 524 6,000 13.281 57 42.454 68.175 1.459 370 524 6.000 13,281 57 42.454 68,175 1.459 850 325 6,000 6.430 53 12,040 29,192 Direcl charitable ex endilure 132.320 132,320 54.891 Management & Administration Expen5es-. Accountancy Adverti51ng and promob.on Bank chafges Insurance Legal & Piolessional Costs Depreciation Sunclry Repa115 emB Trt & Adminislrab"on Ex 600 600 500 352 117 117 600 3,872 3.341 3.341 1.403 5.481 1,403 5,461 1,117 6,495 Mana enses". Total Re$oui¢es Ex ended 137.781 137,781 61.386 Net Incoming Resources 1 Iresources expended) 58,563 58.563 89,200 Net Movement funds for the period= 58,563 58.563 89.200 Total Fund5 Brought forward 175,805 175.805 86.805 8alance at 31 December 2023 234,368 234 368 175,805 Page8of12
BROMLEY BY BOW BANGLADESHI FORUM Summary Income and Expenditure Account FOR THE YEAR ENDED 31 DECEMBER 2023 2023 Notes 5ncome Total expendilu Nei Surplu5 (Deficill for the finariGial year 198.344 137.781 58.583 There were no recogni5ed gain5 Other than Ihose indLJded in the Income and Expeniyilure AccDunl lor current year. Page9of12
BROMLEY BY BOW BANGLADESHI FORUM Statement of Assets & Liabilities l Balance Sheeti As at 31 December 2023 2023 NOTE Fixed Assets Fixlure. Fittings and Equipmenls 18,932 18.932 Current As$Èt5 Cash at Bank & in Hand 240,186 240,186 Current Liabillties Atnount falling due lo one year Accruals 24,750 NET CURRENT ASSETS I ILIABILITIESI 215.436 TOTAL ASSETS LESS CURRENT LIABILITIES 234.368 FUNDS.. Brought Forward 175.805 ExcessJlDefi'otl tsl income over expenditure 58,563 Total Funds 234.368 The financial statements were approved by the Executive Committee and signed on their behalf". Mr W8kibur Rahman Ichairpersonl Mr ILAS Mohammed ITreasurerl Oale.. Dale." Z The Notes on pages 10 to 12 foim part of the fi'nancial slatemenls. Page 10of 12
BROMLEY BY BOW BANGLADESHI FORUM FOR THE YEAR ENDED 31 DECEMBER 2023 NOTES TO THE ACCOUNTS 1. ACCOUNTING POLICIES a. Basis of Accountlng 8asis of accounting The Financial Statements have been prepared under the historical cost convents'on, as modified by the revaluation ol certain fixed assets and investrnenls me3SLkred at market value. The Finanoal Statements have been prèpared in accordancè wilh the Financial Reporting Standard for Smaller Entslies lelleclive January 20151. and the reouirements of Accounting and Reporting by Charities.. Statement of Recommended Practice applicable lo chanlies preparing their accounts In accordance with Ihe Finanoal Reporting Standard for Smaller Entities (effective January 20151 ISORP 20151. b. Grants Revenue grants are credited lo the Income and Expenditure account on a receivable basi5 e. Donations Donatson affj recorded on 8 r¢cgipI basi5. d. IncomÉn9 Resources Voluntary Income and donations ale Inciuded in incorning resource5 when they are receivable. except when the donors specify that they must be used In lulure accounting periods or donors, conditions have not been fulfilled. then the income is deferred. The Income fvom fundraising ventures is shown gros5. wlh the as50aaled c05ts included In lundr8isin9 Costs. e. Resources Expendeil Resources expended are included in the Statement ol Financial Activities on accruals basis. inclusivè ol any VAT that cannot be recovered. Expenditure that is directly attributable to specific act1Vlties has been included in these cost categories Where cosls are alliibulable to more than one aclivily. they have been apportioned across the cost catègories on a basis CDnsistent wilh the use of those re50urces. f. Going Coneern Basis The financial stslemenls have been prepared on the going concern basis. as In th8 opinion of the titJstee5, there are no issues arising which would suggest any other basis as being more appropriate. g. Administration Costs Administration expenditure includes all expenditure not directly related to Ihe ehaiit8bl6 acbvity. h. Taxation As a charity, they are exempl from tax on income and gains falling within seGlion 505 of the Taxes Act 1988 or s25S of the Taxats'on ol Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects No tax charges have arisen in the Charity. Depreciation.. Depreciation is calculated so as to wiite off the cost of an asset. less its e5bmated resiiyual value, over the useful economic life ol that asset as follows. Fixture, Fitting and EquipmellL 15 % on Reducing BalariGe method Page11 0112
BROMLEY BY BOW BANGLADESHI FORUM FOR THE YEAR ENDED 31 DECEMBER 2023 NOTES TO THEACCOUNTS 2. FIXED ASSETS COST Bu11ng and Conslrvcti Impr¢vempn Al 01 January 2023 FixiU$ and fillings Addilion Al 31 December 2023 21.940 21.940 DEPRECIATION Al 01 January 2023 harge for Ihe year Al J1 Decernr 2023 1.773 1.773 3.291 3.291 1.518 NET BOOK VALUE At 01 January 2023 Ai 31 D&c8mber 2023 10,121 8.603 21.940 18.649 10.046 Net Surplus of the Financial Year The excess ol exp•ndilure over income is slated alter chargillg 2022 Accountants, rernulleralion Depreciation 600 3,291 Creditors and Acrua15 Accountancy Rent 750 24.000 24.750 Fundslcapital 2023 Balance at 31 Decèmber 2022 175,805 Balance al 01 January 2023 175,805 Excessl (Defiatl of Income over Expenditurè 58,563 Balance at 31 December 2023 234,368 Page 120112