REGISTERED CHARITY NUMBER: 1125412
Report of the Trustees and Unaudited Financial Statements for the Year Ended 31 October 2021 for Shropshire Bangladeshi Welfare Society
Shropshire Bangladeshi Welfare Society
Contents of the Financial Statements for the Year Ended 31 October 2021
| Page | |
|---|---|
| Report of the Trustees | 1 to 2 |
| Independent Examiner's Report | 3 |
| Statement of Financial Activities | 4 |
| Balance Sheet | 5 to 6 |
| Notes to the Financial Statements | 7 to 9 |
| Detailed Statement of Financial Activities | 10 |
Shropshire Bangladeshi Welfare Society
Report of the Trustees
for the Year Ended 31 October 2021
The trustees present their report with the financial statements of the charity for the year ended 31 October 2021. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) 'Accounting and Reporting by Charities' issued in March 2005.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
1125412
Principal address
2 Preston Street Shrewsbury SY2 5NY
Trustees
Sufu Miah Chairperson M Azadur Rahman Trustee Kabir Uddin Trustee Torikot Ullah Trustee
Independent examiner
Mr Shalim Uddin FCA, JP ICAEW SKN Services Ltd Chartered Accountants SKN Business Centre 1 Guildford Street Birmingham West Midlands B19 2HN
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes an unincorporated charity.
Organisational structure
The organisation was registered with the Charities Commission on 7 August 2008. It is governed by its constitution that was adopted on 26 June 2007 and amended 3 August 2007 and 23 November 2008.
Risk management
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
The charity is tightly controlled by its board of trustees. A management committee meets regularly to review the activities of the charity.
Page 1
Shropshire Bangladeshi Welfare Society
Report of the Trustees
for the Year Ended 31 October 2021
OBJECTIVES AND ACTIVITIES
Objectives and aims
To promote the benefit of the inhabitants of shropshire (whether members of the society or not) and in particular those of bangladeshi origin, without distinction of sex, political, religious, or other opinion by:
(a) advancing education concerning good citizenship in a multi-racial, multi-cultural and multi-faith society and promoting good relations between such persons.
(b) advancing education concerning the bangladeshi culture and history either independently or jointly with other organisations having similar objects.
(c) to provide an advice and information service to such persons who are in conditions of need, hardship and distress and who lack the means of obtaining such advice and information from their own resources.
(d) associating with local authorities, voluntary organisations and inhabitants, in common effort to advance education and to provide facilities in the interest of social welfare for recreation and leisure time occupation with the object of improving conditions of life for the said inhabitants.
(e) establishing or securing the establishment of a community centre and independently or cooperating with any statutory authority, provide for the management and maintenance of such a centre, for the activities promoted by the society in furtherance of the above objects.
(f) to advance the muslim faith.
(g) promote such other charitable purposes as may from time to time be determine.
FINANCIAL REVIEW
Total incoming resources in the year amounted to £38,372 (2020: £13,709) with a net surplus of £9,692 (2020: net deficit £2,031) at the year end.
FUTURE DEVELOPMENTS
The organisation intends to carry on its core services of advancing education concerning good citizenship in multi-cultural and multi-faith society, advancing education concerning the bangladeshi culture and history, providing an advice and information service and providing Islamic classes to advance the muslim faith.
The charity hopes to continue with its fundraising campaign in the coming year in order to improve services and fulfil its objects.
Approved by order of the board of trustees on 20 July 2022 and signed on its behalf by:
Sufu Miah - Trustee
Page 2
Independent Examiner's Report to the Trustees of Shropshire Bangladeshi Welfare Society
I report on the accounts for the year ended 31 October 2021, which are set out on pages four to nine.
Responsibilities and basis of report
As the charity's trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I have examined your charity's accounts as required under section 145 of the Charities Act 2011 ('the Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
My role is to state whether any material matters have come to my attention giving me cause to believe:
-
that accounting records were not kept as required by section 130 of the Act; or
-
that the accounts do not accord with those records; or
-
that the accounts do not comply with the accounting requirements of the Act; or
-
that there is further information needed for a proper understanding of the accounts.
Independent examiner's statement
I have completed my examination and have no concerns in respect of the matters (1) to (4) listed above and, in connection with following the Directions of the Charity Commission I have found no matters that require drawing to your attention.
Mr Shalim Uddin FCA, JP ICAEW SKN Services Ltd Chartered Accountants SKN Business Centre 1 Guildford Street Birmingham West Midlands B19 2HN
20 July 2022
Page 3
Shropshire Bangladeshi Welfare Society
Statement of Financial Activities for the Year Ended 31 October 2021
| 31.10.21 | 31.10.20 | ||
|---|---|---|---|
| Unrestricted | Total | ||
| fund | funds | ||
| Notes | £ | £ | |
| INCOMING RESOURCES | |||
| Incoming resources from generated funds | |||
| Voluntary income | 38,372 | 13,709 | |
| RESOURCES EXPENDED | |||
| Charitable activities | |||
| Education / Training | 27,960 | 15,020 | |
| Governance costs | 720 | 720 | |
| Total resources expended | 28,680 | 15,740 | |
| NET INCOMING/(OUTGOING) | |||
| RESOURCES | 9,692 | (2,031) | |
| RECONCILIATION OF FUNDS | |||
| Total funds brought forward | 19 | 2,050 | |
| TOTAL FUNDS CARRIED FORWARD | 9,711 | 19 |
The notes form part of these financial statements
Page 4
Shropshire Bangladeshi Welfare Society
Balance Sheet
At 31 October 2021
| 31.10.21 | 31.10.20 | ||
|---|---|---|---|
| Unrestricted | Total | ||
| fund | funds | ||
| Notes | £ | £ | |
| CURRENT ASSETS | |||
| Debtors | 3 | 10,000 | 128 |
| Cash at bank and in hand | 1,563 | 2,494 | |
| 11,563 | 2,622 | ||
| CREDITORS | |||
| Amounts falling due within one year | 4 | (1,852) | (2,603) |
| NET CURRENT ASSETS | 9,711 | 19 | |
| TOTAL ASSETS LESS CURRENT | |||
| LIABILITIES | 9,711 | 19 | |
| NET ASSETS | 9,711 | 19 | |
| FUNDS | 5 | ||
| Unrestricted funds | 9,711 | 19 | |
| TOTAL FUNDS | 9,711 | 19 |
The notes form part of these financial statements
Page 5
continued...
Shropshire Bangladeshi Welfare Society
Balance Sheet - continued
At 31 October 2021
The financial statements were approved by the Board of Trustees on 20 July 2022 and were signed on its behalf by:
Sufu Miah -Trustee
M Azadur Rahman -Trustee
Kabir Uddin -Trustee
Torikot Ullah -Trustee
The notes form part of these financial statements
Page 6
Shropshire Bangladeshi Welfare Society
Notes to the Financial Statements for the Year Ended 31 October 2021
1. ACCOUNTING POLICIES
Accounting convention
The financial statements have been prepared under the historical cost convention, and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008), the Charities Act 2011 and the requirements of the Statement of Recommended Practice, Accounting and Reporting by Charities.
Incoming resources
All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.
Resources expended
Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
2. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 October 2021 nor for the year ended 31 October 2020 .
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 October 2021 nor for the year ended 31 October 2020 .
3. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| 31.10.21 | 31.10.20 | |
|---|---|---|
| £ | £ | |
| Other debtors | 10,000 | 128 |
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Shropshire Bangladeshi Welfare Society
Notes to the Financial Statements - continued for the Year Ended 31 October 2021
4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| 31.10.21 | 31.10.20 | ||
|---|---|---|---|
| £ | £ | ||
| Trade creditors | 81 | 1,640 | |
| Taxation and social security | 195 | - | |
| Other creditors | 1,576 | 963 | |
| 1,852 | 2,603 | ||
| MOVEMENT IN FUNDS | |||
| Net | |||
| movement | |||
| At 1/11/20 | in funds | At 31/10/21 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 19 | 9,692 | 9,711 |
| TOTAL FUNDS | 19 | 9,692 | 9,711 |
| Net movement in funds, included in the above are as follows: | |||
| Incoming | Resources | Movement | |
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 38,372 | (28,680) | 9,692 |
| TOTAL FUNDS | 38,372 | (28,680) | 9,692 |
| Comparatives for movement in funds | |||
| Net | |||
| movement | |||
| At 1/11/19 | in funds | At 31/10/20 | |
| £ | £ | £ | |
| Unrestricted Funds | |||
| General fund | 2,050 | (2,031) | 19 |
| TOTAL FUNDS | 2,050 | (2,031) | 19 |
5. MOVEMENT IN FUNDS
Page 8
Shropshire Bangladeshi Welfare Society
Notes to the Financial Statements - continued for the Year Ended 31 October 2021
5. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement in | |
|---|---|---|---|
| resources | expended | funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 13,709 | (15,740) | (2,031) |
| TOTAL FUNDS | 13,709 | (15,740) | (2,031) |
A current year 12 months and prior year 12 months combined position is as follows:
| Net | |||
|---|---|---|---|
| movement | |||
| At 1/11/19 | in funds | At 31/10/21 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 2,050 | 7,661 | 9,711 |
| TOTAL FUNDS | 2,050 | 7,661 | 9,711 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 52,081 | (44,420) | 7,661 |
| TOTAL FUNDS | 52,081 | (44,420) | 7,661 |
Page 9
Shropshire Bangladeshi Welfare Society
Detailed Statement of Financial Activities for the Year Ended 31 October 2021
| 31.10.21 | 31.10.20 | |
|---|---|---|
| £ | £ | |
| INCOMING RESOURCES | ||
| Voluntary income | ||
| Donations | 20,941 | 13,709 |
| Grants | 17,431 | - |
| 38,372 | 13,709 | |
| Total incoming resources | 38,372 | 13,709 |
| RESOURCES EXPENDED | ||
| Charitable activities | ||
| Hosting | 48 | 48 |
| Wages and salaries | 12,800 | - |
| Rates and water | 3,105 | 1,941 |
| Light and heat | 4,020 | 3,867 |
| Repairs and maintenance | 246 | 221 |
| Insurance | 302 | - |
| Telephone | 204 | 196 |
| Post and stationery | - | 263 |
| Advertising | 30 | 358 |
| Professional fees | 7,205 | 8,126 |
| 27,960 | 15,020 | |
| Governance costs | ||
| Accountancy | 720 | 720 |
| Total resources expended | 28,680 | 15,740 |
| Net income/(expenditure) | 9,692 | (2,031) |
This page does not form part of the statutory financial statements
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