BROMLEY BY BOW BANGLADESHI FORUM Charity Registration Number: 1111302 REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 REPORTING ACCOUNTANTS: AM ACCOUNTANCY SERVICES 43 BEN JONSON ROAD LONDON E1 4SA TEL.. 020 7790 6111 Page 1 0112 BROMLEY BY BOW BANGLADESHI FORUM FOR THE YEAR ENOED 31 DECEMBER 2024 CONTENTS Pages Information of financial Statements Report oflhe Executive Committee Statement of responsibilities of the Committee.. Independent Examinerfs Report Income and Expenditure Accounts Statement of Assets and Liabilities 10 Notes lo the Accounts 11-12. Page 2 of 12 BROMLEY BY BOW BANGLADESHI FORUM FOR THE YEAR ENDED 31 DECEMBER 2024 MANAGEMENT COMMITTEE CHAIR PERSON Mr Wakibur Rahman GENERAL SECRETARY Mr Khales Uddin TREASURER Mr ILAS Mohammed ADDRESS Ground Floor Devon Tenants Hall Powis Road London E3 3NL BANKER Barclays Bank PIC INDEPENDENT EXAMINER AM ACCOUNTANCY SERVICES 43 BEN JONSON ROAD LONDON E1 4SA TEL: 020 7790 6111 Chari 's Trustees= Mr Wakibur Rahman Mr Khales Uddin Mr ILAS Mohammed Page 3of 12 BROMLEY BY BOW BANGLADESHI FORUM REPORT OF THE EXECUTIVE COMMITTEE FOR THE YEAR ENDED 31 DECEMBER 2024 The trustees present Iheir report and financial statements for the year ended 31 December 2024. The Triislees have adopted the provisions of Ilie Siatemeiit of Recommended Practice (SORP) Accounting and Reporting by Charities issued in 2005 iii preparing the annual report and finaiicial statements of the Cliarity. Legal Status: Charity: Registered with the Charity Commission, Charity Number: l 111302 Objects, Principal Activities and Organisation of the Charity The Charitys objects are for the benefit of the inhabitants of London Borougli of Tower Hamlets, and in particular Inetnbers of the Musliin Minority Ethnic Coininuiiities but exclusively who are in hardship by= a) To advance the Islamic religion and Benoali Langliage. To advancement of education of general public in the Inany facts of Islamic faith and culture. b) To help create a moral and just coillTnunity- c) To organise classes for lanouage and religious. d) To organise classes for laiiguage and religious studies for Bengali and Mu51iin Students. Page4 of 12 BROMLEY BY BOW BANGLADESHI FORUM REPORT OF THE EXECUTIVE COMMITTEE FOR THE YEAR ENDED 31 DECEMBER 2024 Organisation: A Management Committee, the members ofwhich are the trustees manages the affairs of the charity The Management Committee manages the business of the charity including the paying of all expenses Trustees: Trustees, who are all members of the executive committee, and who served during the year are set out on page i. The trustees are elected at the Annual General Meeting. for membership of the Executive Committee and serve until the end of the next Annual Geiieral Meeting, where they can stand for re- election as members of the new Executive Coinrnittee. Trustees responsibilities in relation to the financial statements The coinmitlee or Trustees are required by chai-ity's law to prepare financial statements for each financial year which give a true and fair view of the financial activities of the charity and of its financial position at the end of thal year. In preparing those financial statemenls the TrLlStees are required to- The Trustees are responsible for preparing the Trustees Annual Report and the Financial Statements in accordance with applicable law and regulations and United Kingdom Accounting Standaid5 {United Kingdom Generally Accepted Accounting Practice). The law applicable lo charities in England and Wales requires the Tru51ees to prepare Financial Statements for each financial 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 these Financial Statements. the Trustees are required to". Select suitable accounting policies and then apply them consistently.. Observe the methods and principles in the Charities SORP" Make judgements and accounting estimates that are reasonable and prudent- Prepare the Financial Slatements on the going concern basis unless it 15 inappropriate lo presume that the charity will continue in operation The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them lo ensure Ihal the Financial Slalements comply with the Charities Act 2011. The Charity (Accounts and Reports} Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for tsking reasonable steps for the prevention and detection of fraud and other irre9ularities VOLUNTEERS: The Trustees wish lo record Iheir appreciation on behalf of the Charity and community for the volunteers who assist in the smooth running of the Charity and are critical in helping lo keeps the running costs down RISK REVIEW: The Trustees have conducted their own review of the major risks to which the Charity is exposed and steps have been initiated to minimise the identified risks. All functions of the Charity are subjected to periodic review resulting in a process of ongoing improvement. All staff and volunteers are trained and have all the required slalutory and regulatory clearances required. Page5of12 BROMLEY BY BOW BANGLADESHI FORUM REPORT OF THE EXECUTIVE COMMITTEE FOR THE YEAR ENDED 31 DECEMBER 2024 SERIOUS INCIDENTS AND EXCEPTIONS: The Trustees are pleased lo note. that Ihere were no incidents which gave rise lo Ihe need for the Trustees to lodge a Serious Incident Report wilh the Charity Commission. Furthermore, there were no Exceptions recorded and which gave nse lo the need for the Trustees lo record on the Charity's Exceptions. Register. RELATED PARTY TRANSACTIONS: During Ihe year the Charity was under the conliol of Trustees and Management Commillee members as listed above. This report. which has been prepared in accordance wilh the special provisions of Part 15 of the Companies Act 2006 applicable to small companies. No members of the management committee received any remuneration during the year. No trustee or other person related to the charity had any personal interest in any contract or transaction entered into by the charity during the year. Reserve Policy It is the policy of the charity that unrestricted funds. which have not been designated for a specific use, should be maintained at a level equivalent lo its expenditure. The Trustees consider that reserves at this level will ensure thal. in the event of a significant drop in funding. They will be able to continue the charills current activities while consideration is given lo way5 in which additional funds may be raised. The Centre will actively work lo achieve this level of reserves. INDEPENDENT EXAMINER According to the provisions of the Charities Act 2008 and updated 2011. the Committee has agreed that and audit is not iequired for this financial year. However due to provisions of the same act an independent examiner is reqLJired and AM Accountancy Setvices appointed as external Accountant or Independent Examiner. 'rransaction and financial position The Statement of Financial Activitie5 shows nel surplus for the year of £134,028 and our accumulated funds stand at £368.396 in total. AM Accountancy Services carried out an independent examination of the accounts included in the report. This report, which has been prepared in accordance with the Statement of Recommended Practice ISORP} Accounting and Reporting by Charities issued in 2005. Approved by the trustees and signed on its behalf by This report was approved by the Executive Committee on and signed on their behalf. Mr Vvakibur Rahman (Chairman) Date.. Mr ILAS Mohammed (Treasurer) Date.. TJ Page 6 of 12 Accountants. Report To the Trustees of BROMLEY BY BOW BANGLADESHI FORUM FOR THE YEAR ENDED 37 DECEMBER 2024 We report on the accounts lor the year ended 31 December 2024 Set out on pages 8 10 12 which have been prepared under the hisloiical cost convention and the accounting policies sel out in note 1 lo the financial statements. Respective Responsibilities of Trustees and Accountants As described on page 5 the trustees are responsible for the preparatioii of the finaiicial statements, and they eonsider that the trust is exempt froin an audit. It is our responsibility to carry OLIt procedures designed to enable us to report our opinion to you. Ilasis of Opinion We conducled our work in accordance with the Statement of Standards for Reporting Accountants, and $0 our procedures consisted of compaiing the accounts with the accounting records kept by the charity. and making such limited enquiries of the Iruslees and officers as we considered necessary for the purpose of this report. These procedLJres provide only the assurance expressed in our opinion. Opinion In our opinion.. {a) The accounts are in agreement with the accounting records kept by the cha¥ity under the requirements of the Slalemenl of Recommended Practice- Accounling and Reporting by Charities,. Ib) HavitJg regard only to. and on the basis of, the information contained in those accounts". 11) The accounts have been drawn up in a manner consistent wilh the accounting requirements specified the Statement of Recommended Practice- Accounting and Reporting by Charilies, and 12) The charity satisfied the conditions for the exemption from an audit ol the accounts for the year specified in the Charities Act. 13) This unaudited Account we have prepared in accordance with the figure, information and explanation we have received from the management of the current committee. AM ACCOUNTANCY SE 43 BEN JONSON ROAD LONDON E14SA ICES AM ACCOUN'fAN'(.'1' SI-. I 134,028 134.028 58,563 Net Movement funds for the period: 134,028 134.028 58,563 Total Funds Brought forward 234.368 234,368 175,805 Balance at 31 December 2024 368.396 368,396 234,368 Page 80112 BROMLEY BY BOW BANGLADESHI FORUM Summary Income and Expenditure Account FOR THE YEAR ENDED 31 DECEMBER 2024 2024 Notes Income Total expenditure Nel Surplus (Deficill for the financial year 267.248 133.220 134,028 There were no recognised gains other than those included in the Income and Expenditure Account for current year. Page9of12 BROMLEY BY BOW BANGLADESHI FORUM Statement of Assets & Liabilities ( Balance Sheet) As at 31 December 2024 2024 NOTE Fixed Assets Fixture. Fittings and Equipments 17.318 17,318 Current Assets Cash at Bank & in Hand Other Debtors 224.778 151.250 376.028 Current Llabilities Amount falling due to one year Accruals 24,950 NET CURRENT ASSETS I ILIABILITIESI 351.078 TOTAL ASSETS LESS CURRENT LIABILITIES 368.396 FUNDS: Brought Forward 234.368 ExcessllDeficill of income over expenditure 134.028 Total Funds 368.396 The financial statements were approved by the Executive Committee and signed on their behalr- Mrwakibur Rahman (Chaiipersonl Mr ILAS Mohammed (Treasurer) Date". Date. L? The Notes on pages 10 to 12 form part of the financial statements. Page 10of12 BROMLEY BY BOW BANGLADESHI FORUM FOR THE YEAR ENDED 310ECEMBER 2024 NOTES TO THE ACCOUNTS 1. ACCOUNTING POLICIES a. Basis of Accounting Basis of accounting The Financial Sialemenls have been prepared under the historical cost convention, as modified by the revaluation ol certain fixed assets and investments measured al market value. The Financial Statements have been prepafed in accordance with the Financial Reporting Standard for Smaller Enlilies (effective January 20151, and the requirements of Accounting and Reporting by Charities: Slalemenl of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard for Smaller Enlities (effective January 20151 (SORP 2015). b. Giants Revenue grants are credited to the Income and Expenditure account on a receivable basis. ¢. Donations Donation are recorded on a receipt basis. d. Incoming Resources Voluntary income and donations are included in incoming resources when Ihey are receivable, except when the donors specity that they musl be used in future accounting periods or donors, conditions have not been fulfilled. then the income is deferred. The income from fundraising ventures is shown gross. with the associated costs included in fundraising costs. Resources Expended ResouTces expended are included in the Statement of Financial Activities on accruals basis. inclusive of any VAT that cannot be recovered. Expenditure that is directly attributable lo specific activities has been included in these cost categories. Where costs are attributable lo more than one activity. they have been apportioned across the cost categories on a basis consistent with the use of those resources. f. Going Concern Basis The financial statements have been prepared on the going concern basis. as in the opinion of the trustees, 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 the charitable activity. h. Taxation As a charity. they are exempl from tax on income and gains fallirig within seclion 505 of the Taxes Act 1988 or s256 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to it5 charitable objects. No tax charges have arisen in the Charity. Depreciation: Depreciation is calculated so as lo write off the cost of an asset, less its estimated residual value, over the useful economic life of thal asset as follows.. Fixture, Fitting and Equipment: 15 Vo on Reducing Balance method Page11 of12 BROMLEY BY BOW BANGLADESHI FORUM FOR THE YEAR ENDED 31 DECEMBER 2024 NOTES TO THE ACCOUNTS 2. FIXED ASSETS COST Fixtures. firtings & Improvemenis Building and Construction Al 01 January 2024 Fixtuies and fillin9S Addition Al 31 December 2024 10.329 8,603 18.932 1.442 11.771 1.442 20.374 8,603 DEPRECIATION Al 01 January 2024 Cha¥ge lor the year Al 31 December 2024 1.766 1,766 1.290 1,290 3,056 3,056 NET BOOK VALUE At 01 January 2024 Al 31 December 2024 10,329 10.005 8,603 7.313 18.932 17.318 Net Surplus of the Financial Year The excess of expenditure over income is slated after charging- 2024 A¢counlants' remuneration Depreciation 800 3.056 Creditors and Acruals Accountancy Rent 950 24.000 24.950 Fundslcapital 2024 Balance at 31 December 2023 234.368 Balance at 01 January 2024 234.368 Excessl {Deficit) of Income over Expenditure 134.028 Balance at 31 December 2024 368.396 Page 12of 12