Reglstered number: 04681096 Charity number: 1129714 BANGLADESHI YOUTH ORGANISATION (A company limited by guarantee) FOR THE YEAR ENDED 31 MARCH 2024
BANGLADESHI YOUTH ORGANISATION {A company limited by guarantee) CONTENTS Page Reference and admlnistratlve details of the charity, its trustees and advisers Trustees. report Trustee5' responsibilities statement Independent examinerfs report Statement of financial aGtivities Balance sheet Notes to the financial statements 8-15 The following pages do not form part of the statutory financial statements: Detailed income and expenditure account and summaries 16-17
BANGLADESHI YOUTH ORGANISATION (A company limited by guarantee) REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2024 Trustees Abdul Rouf. Chair Abdul Karim, Treasurer Mohammed Azad, Secretary Shahidur Rahman Yasmin Haq Abdul Khalique Hiron Miah Company registered number 04681096 Charity registered number 1129714 Registered office 52 Cornwall Road, Bradford. West Yorkshire, BD8 7JN Company secretary Mohammed Azad Chief executive officer Abdul Rouf Accountants Hentons, 124 Acomb Road. YORK, Y024 4EY Bankers National Westminster Bank, 1 Market Street, Bradford. West Yorkshire. BD1 1 EG Page 1
BANGLADESHI YOUTH ORGANISATION (A company Ilmited by guarantee) TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2024 The Trustees present their annual report together with the financial statements of the Gompany for the 1 April 2023 to 31 March 2024. The Trustees confimi that the Annual Report and financial statements of the company comply with the current statutory requirements, the requirements of the company's governing document and the provisions of the Statement of Recommended Practice (SORP). applicable to Gharities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015) as amended by Update Bulletin 1 (effective 1 January 2015). Since the company qualifies as small under section 383, the strategic report required of medium an(J large companies under The Companies Act 2006 (Strategic Report and Directorts Report) Regulations 2013 is not required. Objectives and Activities a. POLICIES AND OBJECTIVES In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charrity Commission relating to public benefit and in particular to its supplementary public benefit guidance. b. ACTIVITIES FOR ACHIEVING OBJECTIVES Activities are planned to enable young people to become aware of their social responsibilities and to develop interactive skills. Activities are also planned for the benefit of people's mental health and general wellbeing All activities are planned for the benefit of people living in the Bradford area. Achievements and performance a. FINANCIAL PERFORMANCE Through increased funding and strict control over expenditure the results for the year show a surplus of £32315 {2023.- deficit £39681) The Organisation's income increased from £99682 in 2023 to £188785 in the year to 31 March 2024 The increase in funding has been provided by grants from Bradford Metropolitan District Council, The Community Foundation, the National Lottery and many other local organisations. Even through increased overhead costs the results for the year are considered satisfactory and within the Organisation's budgets and expectations. b. REVIEW OF ACTIVITIES During the year the Charity has continued to support and provide benefits to the community despite contraints on the availability of funding and will continue to carefully plan the services of the Charity over the next few years. The Charity has provided activities involving young people during the Summer, Christmas and Easter school holiday periods under the HAF scheme (Holiday Activities and Food) funded by Bradford MDC with a grant of £21120. HAF activities enabled young people up to the age of 11 to engage in various sports. social and educational activities. In addition the Chartty was involved in the make-up and distribution of Food Parcels. funded by a grant of £35000. Activities and events were also provided for the benefit of people's mental health and general health care through Mens and Laides Day Care sessionsby practical help and organised activities and events. None of the activities could have taken place without th8 help of dedicated staff. volunteers and sessional staff. Page 2
BANGLADESHI YOUTH ORGANISATION {A company limFted by guarantee) TRUSTEES, REPORT (continued) FOR THE YEAR ENDED 31 MARCH 2024 Financial review a. GOING CONCERN After making appropriate enquiries, the trustees have a reasonable expectation that the company ha5 adequate resources to continue in operational existence for the foreseeable future. For this reason they continue to adopt the uoing concern basis in preparing the financial statements. Further details regarding the adoption of The going Goncem basis can be found in the Accounting Policies. b. PRINCIPAL RISKS AND UNCERTAINTIES The Trustees have considered the major risk5 to which the charity is exposed,in particular those related to the operations and finances of the charity. The Trustees are satisfied that systems ara in place to mitigate the exposure to these Major risks. Structure, governance and management a. CONSTITUTION The company is registered as 2 charitable company limited by guarantee and was set up by a Memorandum of Associatton on 27 February 2003 . The company is constituted under a Memorandum of Association dated 27 February 2003 and is a registered cnarity number 112971 The principal object of the company is to improve the condition of young Bangladeshi's in Bradford. to promote cultural and sporting links with Bangladeshi cultural heritage. b. METHOD OF APPOINTMENT OR ELECTION OF TRUSTEES Tne management of the company is th8 responsibility of the Trustees who are electea and co-opted under ihe ternis of the Articles of Association. This report was approved by the Trustees, on 17 December 2024 and signed on their benalf by: .odul l(arim Page 3
BANGLADESHI YOUTH ORGANISATION (A company limited by guarantee) TRUSTEES. RESPONSIBILITIES STATEMENT FOR THE YEAR ENDED 31 MARCH 2024 The Trustees (who are also directors of BANGLADESHI YOUTH ORGANISATION for the purposes of company law) are responsible for preparing the Trustees, report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the Trustees to prepare financial statements for each financial year. Under company law the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources. including the income and expenditure. of the charitable company 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 of the Charities SORP.. make judgments and accounting estimates that are reasonable and prudent: state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements,. prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in operation. The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charilable company's transactions and disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statemenls comply with the Companies Act 2006. 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. Page 4
BANGLADESHI YOUTH ORGANISATION (A company limited by guarantee) INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 MARCH 2024 INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF BANGLADESHI YOUTH ORGANISATION I report to the charity Trustees on my examination of the accounts of the company for the year ended 31 March 2024. This report is made solely to the companys Trustees. as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so Ihat I might state to the company's Trustees those matters l am required to state to them in an Independent examineffs report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the company and the company's Trustees as a body, for my work or for this report. RESPONSIBILITIES AND BASIS OF REPORT As the Trustees of the company (and its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act,). Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the CoMpanS accounts carried out under section 145 of the Charities Act 2011 ('the 2011 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. INDEPENDENT EXAMINER'S STATEMENT I have completed my examination. I can confirm that no matters have come to my attention in connection with the examination giving me cause to believe= accounting records wer& not kept in respect of the Gompany as required by section 386 of the 2006 Act. or 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 requirement that the accounts give a 'true and fair, view which is not a matter considered as part of an independent examination- or the accounls have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 10211. I have no concems and have come across no othar matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Signed . D Walker Dated: 20 December 2024 David Walker FCA Hentons 124 Acomb Road YORK Y024 4EY Page 5
BANGLADESHI YOUTH ORGANISATION IA company limited by guarantee) STATEMENT OF FINANCIAL ACTIVITIES INCORPORATING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 Unrestricted Restricted funds funds 2024 2024 Total funds 2024 Total funds 2023 Note INCOME FROM". Grants and donations Investments 30,361 5,980 152,444 182,805 5,980 94.855 4,827 TOTAL INCOME 36,341 152,444 188,785 99, 682 EXPENDITURE ON: Charitable activities 28,768 127,702 156,470 139.363 TOTAL EXPENDITURE 28,768 127,702 156,470 139.363 NET INCOME I (EXPENDITURE) BEFORE TRANSFERS Transfers between Funds NET INCOME I (EXPENDITURE) BEFORE OTHER RECOGNISED GAINS AND LOSSES NET MOVEMENT IN FUNDS 7,573 (12,417) 24,742 12.417 14 32,315 (39,681) (4,844) 37,159 32,315 (39. 681) (4,844) 37,159 32,315 (39, 681) RECONCILIATION OF FUNDS: Total funds brought forward 82.063 8,227 90,290 129,971 TOTAL FUNDS CARRIED FORWARD 77,219 45,386 122,605 90,290 The notes on pages 8 to 15 form part of these financial statements. Page 6
BANGLADESHI YOUTH ORGANISATION {A company limited by guarantee) REGISTERED NUMBER: 04681096 BALANCE SHEET AS AT 31 MARCH 2024 2024 Note 2023 FIXED ASSETS Tangible assets CURRENT ASSETS Debtors Cash at bank and in hand 29,247 30,077 12 1,086 118,553 969 81,596 119,639 CREDITORS: amounts falling due within one year 82.565 13 (26,281) NET CURRENT ASSETS NET ASSETS (22,292) 93,358 60,273 122,605 90, 290 CHARITY FUNDS Restricted funds Unrestricted funds 14 45,386 77,219 14 8,227 82, 063 TOTAL FUNDS 122,605 90,290 The company's financial statements have been prepared in accordance wilh the provisions applicable to companies subject to the small compar)ies regime. The Trustees consider that the company is entitled to exemption from the requirement to have an audit under Ihe provisions of section 477 of the Companies Act 2006 ("the Act") and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Act. The Trustees acknowledge their responsibilities for Gomplying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements. The financial statements were approved and authorised for issue by the Trustees on 17 December 2024 and signed on their behalf Abdul Karim The notes on pages 8 to 15 form part of these financial statements. Page 7
BANGLADESHI YOUTH ORGANISATION (A company Ilmited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 ACCOUNTING POLICIES 1.1 Basis of preparation of financial statements The financial statements have been prepared in accordance with 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) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102) and the Companies Act 2006. Bangladeshi Youth Organisation meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy. 1.2 Company status The company is a company limited by guarantee. The members of the company are the Trustees named on page l. In the event of the company being wound up, the liability in respect of the guarantee is limited to £1 per member of the company. 1.3 Income All income is recognised once the company has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably. 1.4 Expenditure Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party. it is probable that a transfer of economic benefits will be required in settlement and thè amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned betsyeen those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent. and depreciation charges allocated on the portion of the asset's use. Support costs are those costs incurred directly in support of expenditure on the objects of the company and include project management carried out at Headquarters. Governance costs are those incurred in connection with administration of the company and compliance WFth constitutional and statutory requirements. Charitable activities and Governance costs are cost5 incurred on the companys educational operations, including support costs and costs relating to the governance of the company apportioned to charitable activities. 1.5 Tangible fixed assets and depreciation All assets costing more than £100 are capitalised. Tangible fixed assets are carried at cost, net of depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases= Freehold property Fixtures and fittings office equipment 2¥0 Straight line 15 % Straight line 25Yo Reducing balance Page 8
BANGLADESHI YOUTH ORGANISATION (A Company Ilmited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 ACCOUNTING POLICIES (continued) 1.6 Interest receivable Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the company- this is normally upon notification of the interest paid or payable by the Bank. 1.7 Debtors Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. 1.8 Cash at Bank and in hand Cash at bank and in hand includes cash and short term highly Siquid investrnents with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. 1.9 Liabilities and provisions Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement. and the amount of the settlement can be estimated reliably. Liabilities are recognised at the amount that the company anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide. Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material. the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reftects the risks specific to the liability. The unwinding of the discount is recognised within interest payable and similar charges. 1.10 Fund accounting General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Company and which have not been designated for other purposes. Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the company for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements. Page 9
BANGLADESHI YOUTH ORGANISATION (A company limlted by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 INCOME FROM DONATIONS AND LEGACIES Unrestricted Restricted funds funds 2024 2024 Total funds 2024 Total funds 2023 Donations Grants 30,361 152,444 3,770 91.085 182,805 Total donations and legacies 30,361 152,444 182,805 94, 855 Total 2023 45,361 49.494 94.855 INVESTMENT INCOME Unrestricted funds 2024 Restricted funds 2024 Total funds 2024 Total funds 2023 Rents received Bank interest 4,500 1,480 4,500 1,480 4, 500 327 5.980 5,980 4,827 Total 2023 4,827 4.827 DIRECT COSTS Basis of Allocation Running Running Youth Youth Centre centre Other costs Total 2024 Total 2023 Running Youth centre Wages and salaries Depreciation actual actual actual 33,506 65.612 770 55,212 88,718 65,612 770 705, 720 28. 040 3. 183 99,888 55,212 155,100 736.943 Total 2023 136,943 136.943 Page 10
BANGLADESHI YOUTH ORGANISATION (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 SUPPORT COSTS Basis of Allocation Total 2024 Total 2023 Activities Payroll costs actual 270 270 105 Total 2023 705 105 GOVERNANCE COSTS Unrestricted funds 2024 Restricted funds 2024 Total funds 2024 Total funds 2023 Independant examiners fee Promotional expenses 1,100 1,100 910 1,405 1,100 1.100 2.315 ANALYSIS OF EXPENDITURE BY EXPENDITURE TYPE Staff costs Depreciation Other costs 2024 2024 2024 Total 2024 Total 2023 Running Youth centre Running Youth Centre 65.612 770 33,776 55,212 100,158 55,212 137,048 Charitable activities 65,612 770 88.988 155.370 137.048 Expenditure on governance 1,100 1,100 2,315 65.612 770 90,088 156,470 139.363 Total 2023 28, 040 3.183 108. 740 139.363 Page11
BANGLADESHI YOUTH ORGANISATION {A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 NET INCOMEI{EXPENDITURE) This is stated after charging- 2024 2023 Depreciation of tangible fixed assets.. - owned by the charity 770 3.183 During the year. no Trustees received any remuneration {2023 - £NIL). During the year, no Trustees ceiVed any benefits in kind {2023 - £NIL) During the year. no Trustees received any reimbursement of expenses (2023 - £NIL). AUDITORS. REMUNERATION The Independent Examiner's remuneration amounts to an Independent Examination fee of £ 500 (2023 - £ 450). and accountancy of £ 600(2023 - £ 460). Page 12
BANGLADESHI YOUTH ORGANISATION (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 10. STAFF COSTS Staff costs were as follows.. 2024 2023 Wages and salaries 65,612 28.040 The average number of persons employed by the company during the year was as follows: 2024 No. 2023 No. No employee received mUneratIon amounting to more than £60,000 in either year. 11. TANGIBLE FIXED ASSETS Freehold property Plant and Fixtures and machinery fittings Office equipment Total Cost At 1 April 2023 and 31 March 2024 38,470 18.000 2,589 16,427 75,486 Depreciation At 1 April 2023 Charge for the year 8.453 770 18,000 2,589 16.427 45.469 770 At 31 March 2024 9,223 18,000 2.589 16,427 46.239 Net book value At 31 March 2024 29,247 29,247 At 31 March 2023 30,017 30.017 12. DEBTORS 2024 2023 Prepayments and accrued inrne 1,086 969 Page 13
BANGLADESHI YOUTH ORGANISATION (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 13. CREDITORS: Amounts falling due withln one year 2024 2023 Bank loans and overdrafts Grants in advance Accruals and deferred income 7,001 16,800 2,480 4,506 13,848 3,938 26,281 22.292 14. STATEMENT OF FUNDS STATEMENT OF FUNDS- CURRENT YEAR Balance at 1 April 2023 Balance at 31 March 2024 Income Expenditure Transfers inlout Unrestricted funds General Funds - all funds Bradford MDC Other Rent Interest 82,063 7,246 23,115 4,500 1,480 {16,045) (12,723) {12,417) 60,847 10,392 4,500 1.480 82.063 36.341 (28,768) (12,417) 77,219 Restricted funds Food Parcels CommLrnity Foundation Bradford MDC Healthcare Bradford HAF National Lottery Other Restricted Funds 35,356 19,848 17,000 21,120 22.013 37,107 {44,518) (14,458) (10,608) (24,375) (16,719) {17,024) 8,227 9,162 13,617 6,392 3,255 5,294 20,083 8,227 152,444 (127,702) 12,417 45,386 Total of funds 90,290 188,785 {156,470) 122,605 STATEMENT OF FUNDS - PRIOR YEAR Balance at I April 2022 Income Transfers in/out Balance at 31 March 2023 Expenditure Gains/ (Losses) Unrestricted funds General Funds- all funds 129,971 50, 188 (94.714) (3,382) 82, 063 129,971 50.188 (94, 714) (3,382) 82,063 Page 14
BANGLADESHI YOUTH ORGANISATION {A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 14. STATEMENT OF FUNDS {¢ontinued) Restrlcted funds Food Parcels Other Resrticted Funds 24.000 25,494 (27,382) (77,267) 3,382 8,227 49,494 (44, 649) 3,382 8.227 Total of funds 129,971 99.682 (139,363) 90,290 15. ANALYSIS OF NET ASSETS BETWEEN FUNDS ANALYSIS OF NET ASSETS BETWEEN FUNDS - CURRENT YEAR Unrestricted Restricted funds funds 2024 2024 Total funds 2024 Tangible fixed assets Current assets Creditors due within one year 29.247 42,420 {26,281) 29,247 119,639 (26.281) 77,219 77,219 45,386 122,605 ANALYSIS OF NET ASSETS BETWEEN FUNDS - PRIOR YEAR Unrestricted fiJnds 2023 Restricted funds 2023 Tot81 funds 2023 Tangible fixed assets Current assets Creditors due within one year 30,017 74,337 {22,291) 30.017 82,564 (22, 291) 8.227 82.063 8,227 90.290 Page 15