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2021-03-31-accounts

REGISTERED CHARITY NUMBER: 1137016

Report of the Trustees and

Unaudited Financial Statements for the Year Ended 31 March 2021

for

Bangladesh Regeneration Trust UK

Bangladesh Regeneration Trust UK

Contents of the Financial Statements for the Year Ended 31 March 2021

Page
Reference and Administrative Details 1
Report of the Trustees 2 to 5
Independent Examiner's Report 6
Statement of Financial Activities 7
Balance Sheet 8
Notes to the Financial Statements 9 to 13
Detailed Statement of Financial Activities 14

Bangladesh Regeneration Trust UK Reference and Administrative Details for the Year Ended 31 March 2021

TRUSTEES A Y I Alkas Chairman (resigned 20.8.20) T Uddin Secretary (resigned 20.8.20) A M Uddin Executive (resigned 20.8.20) Mohammed I Ali (appointed 18.8.20) Mohammed M Hussain Miss Saleha Islam (appointed 18.8.20) Miss Anjuma Choudhury (appointed 18.8.20) Nazir Ali PRINCIPAL ADDRESS 113 Romford Road Stratford London E15 4LY REGISTERED CHARITY 1137016 NUMBER INDEPENDENT EXAMINER Quilfords Limited Chartered Certified Accountants 113 Romford Road London E15 4LY

Page 1

Bangladesh Regeneration Trust UK

Report of the Trustees

for the Year Ended 31 March 2021

The trustees present their report with the financial statements of the charity for the year ended 31 March 2021. The trustees have adopted the provisions of 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 2019).

All members of the trust are annually reappointed. The balance of the trustees is assessed annually to determine if there is a need to change profile or add new members depending on the objectives for the forthcoming year.

All new members are vetted for the appropriateness and compatibility with the political and religious neutrality of Bangladesh Regeneration Trust UK (BRTUK).

Trustees are required to commit the time necessary to run the charity, to complete fundraising and awareness campaigns and to identify new initiatives for the charity. This is on the basis of no financial or non-financial compensation from BRTUK.

New trustees go through an induction programme with existing trustees to ensure that they are set up appropriately and that there is a transitionary period.

All trustees are expected to make contributions to the BRTUK.

Page 2

Bangladesh Regeneration Trust UK

Report of the Trustees

for the Year Ended 31 March 2021

OBJECTIVES AND ACTIVITIES

Objectives and aims

BBRTUK provides a platform for our donors and members to support some of the poorest people in Bangladesh, helping to alleviate poverty and assisting development within deprived and destitute communities. In addition to this, through our fundraising activities we engage in community support initiatives in the United Kingdom.

Our aim is to provide for the basic needs of people relating to the areas of livelihood support, healthcare and education in Bangladesh, including supporting emergency initiatives such as the issues being faced by the displaced Rohingya refugees in Bangladesh.

Our objectives are assessed annually based on where we see the greatest need and where we have the appropriate infrastructure in place to deliver services to those in need.

In setting our objectives, we look at guidance notes from the Charity Commission and discuss issues with other charities operating in a similar field in Bangladesh and other parts of the world. To further this transparency and accountability we have a recognised delivery partner in Global Unnayan Seba Sangstha (GUSS) based in Dhaka, Bangladesh, who are approved by the NGO Affairs Bureau of Bangladesh. GUSS liaise and co-ordinate major projects across Bangladesh. The trustees review and then approve the primary objectives on an annual basis.

Our current objectives are:

Page 3

Bangladesh Regeneration Trust UK

Report of the Trustees

for the Year Ended 31 March 2021

ACHIEVEMENT AND PERFORMANCE Fundraising activities

The charity aims to organise three to four events a year to promote awareness and raise funds.

The events organised typically fall into:

During the year trustees will visit Bangladesh to see the projects and validate expenditure on programmes. This is at the personal expense of each trustee.

FINANCIAL REVIEW

Funds in surplus

During the financial period 01 April 2020 to 31 March 2021 the charity raised £146,771 (2020: £104,680). The expenditure in the same period was £138,827 (2020: £114,358), the charity was left with a surplus of £7,944 (2020: a deficit of £9,678) for the year.

The only assets held by the charity is the cash in HSBC bank account in the UK, the balance at 31 March 2021 was £17,654 (2020: £9,710).

Income

The charity does not distinguish its income sources; all of this is generated through donations direct to its bank in the UK or via crowdfunding website. Donations are mainly generated from a wide network of friends, family, colleagues and targeted businesses.

The charity also has no restricted funds, and there were none in 2020.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.

Page 4

Bangladesh Regeneration Trust UK

Report of the Trustees

for the Year Ended 31 March 2021

STRUCTURE, GOVERNANCE AND MANAGEMENT

Organisational structure

As a charitable trust we have established a committee of the Charity's Trustees as the Executive Committee (the Committee). All members of this Committee have operating responsibilities and meet regularly to discuss issues and update on progress.

The Committee appoint representatives in the UK and in Bangladesh to manage and oversee the charity's activities in both regions. These individuals are appointed based on their fit, competencies and appropriateness given the challenging environment in Bangladesh.

At least one member of the Committee visits Bangladesh annually to verify activities on the ground and ensure that our projects and campaigns reach the intended beneficiaries. Operating in Bangladesh comes with its own challenges requiring additional care to ensure that we comply with changing government requirements, protect ourselves from bribery and corruption risks and ensure that we are politically and religiously neutral.

In order to accommodate this we have established a supporter base open to all political and religious affiliations to ensure that we have a common understanding within the communities where we are active.

Approved by order of the board of trustees on 5 January 2022 and signed on its behalf by:

Mohammed M Hussain - Trustee

Page 5

Independent Examiner's Report to the Trustees of Bangladesh Regeneration Trust UK

Independent examiner's report to the trustees of Bangladesh Regeneration Trust UK

I report to the charity trustees on my examination of the accounts of Bangladesh Regeneration Trust UK (the Trust) for the year ended 31 March 2021.

Responsibilities and basis of report

As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').

I report in respect of my examination of the Trust's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner's statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  1. accounting records were not kept in respect of the Trust as required by section 130 of the Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.

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 of the accounts to be reached.

Askir Ali Quilfords Limited Chartered Certified Accountants 113 Romford Road London E15 4LY

5 January 2022

Page 6

Bangladesh Regeneration Trust UK

Statement of Financial Activities
for the Year Ended 31 March 2021
Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
EXPENDITURE ON
Raising funds
2
Charitable activities
Charitable activities
Total
NET INCOME/(EXPENDITURE)
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD		 31.3.21
Unrestricted
fund
£
146,771
16,747
122,080
138,827
7,944
8,053
15,997		 31.3.20
Total
funds
£
104,680
18,712
95,646
114,358
(9,678)
17,731
8,053

The notes form part of these financial statements

Page 7

Bangladesh Regeneration Trust UK

Balance Sheet 31 March 2021

31.3.21
Unrestricted
fund
Notes
£
CURRENT ASSETS
Cash at bank
17,654
CREDITORS
Amounts falling due within one year
5
(1,657)
NET CURRENT ASSETS
15,997
TOTAL ASSETS LESS CURRENT
LIABILITIES
15,997
NET ASSETS
15,997
FUNDS
6
Unrestricted funds
15,997
TOTAL FUNDS
15,997		 31.3.20
Total
funds
£
9,710
(1,657)
8,053
8,053
8,053
8,053
8,053

The financial statements were approved by the Board of Trustees and authorised for issue on 5 January 2022 and were signed on its behalf by:

Mohammed M Hussain - Trustee

The notes form part of these financial statements

Page 8

Bangladesh Regeneration Trust UK

Notes to the Financial Statements for the Year Ended 31 March 2021

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charity, 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 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. 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.

Page 9

continued...

Bangladesh Regeneration Trust UK

Notes to the Financial Statements - continued for the Year Ended 31 March 2021

2. RAISING FUNDS

Raising donations and legacies

Sundries
Fundraising cost
Support costs		 31.3.21
£
100
13,675
2,972
16,747		 31.3.20
£
-
16,076
2,636
18,712

3. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2021 nor for the year ended 31 March 2020.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2021 nor for the year ended 31 March 2020.

4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted
fund
£
INCOME AND ENDOWMENTS FROM
Donations and legacies 104,680
EXPENDITURE ON
Raising funds 18,712
Charitable activities
Charitable activities 95,646
Total 114,358
NET INCOME/(EXPENDITURE) (9,678)
RECONCILIATION OF FUNDS
Total funds brought forward 17,731
TOTAL FUNDS CARRIED
FORWARD 8,053

Page 10

continued...

Bangladesh Regeneration Trust UK

Notes to the Financial Statements - continued for the Year Ended 31 March 2021

5.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Other creditors
6.
MOVEMENT IN FUNDS
At 1.4.20
£
Unrestricted funds
General fund
8,053
TOTAL FUNDS
8,053
Net movement in funds, included in the above are as follows:
Incoming
resources
£
Unrestricted funds
General fund
146,771
TOTAL FUNDS
146,771
Comparatives for movement in funds
At 1.4.19
£
Unrestricted funds
General fund
17,731
TOTAL FUNDS
17,731		 31.3.21
£
1,657
Net
movement
in funds
£
7,944
7,944
Resources
expended
£
(138,827)
(138,827)
Net
movement
in funds
£
(9,678)
(9,678)		 31.3.20
£
1,657
At
31.3.21
£
15,997
15,997
Movement
in funds
£
7,944
7,944
At
31.3.20
£
8,053
8,053

Page 11

continued...

Bangladesh Regeneration Trust UK

Notes to the Financial Statements - continued for the Year Ended 31 March 2021

6. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
TOTAL FUNDS		 Incoming
resources
£
104,680
104,680		 Resources
expended
£
(114,358)
(114,358)		 Movement
in funds
£
(9,678)
(9,678)

A current year 12 months and prior year 12 months combined position is as follows:

Net
movement At
At 1.4.19 in funds 31.3.21
£ £ £
Unrestricted funds
General fund 17,731 (1,734) 15,997
TOTAL FUNDS 17,731 (1,734) 15,997

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
TOTAL FUNDS		 Incoming
resources
£
251,451
251,451		 Resources
expended
£
(253,185)
(253,185)		 Movement
in funds
£
(1,734)
(1,734)

Page 12

continued...

Bangladesh Regeneration Trust UK

Notes to the Financial Statements - continued for the Year Ended 31 March 2021

7. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 March 2021.

Page 13

Bangladesh Regeneration Trust UK

Detailed Statement of Financial Activities
for the Year Ended 31 March 2021
INCOME AND ENDOWMENTS
Donations and legacies
Donations
Total incoming resources
EXPENDITURE
Raising donations and legacies
Sundries
Fundraising cost
Charitable activities
College & school programme costs
Student investment programme
Livelihood support schemes
Sadaqah initiatives
Family support & seasonal initiatives
(Ramadan & Qurbani)
House building scheme
Heritage tour programme
Rohingya support scheme
Medical tour programme
Women's hygiene
Support costs
Management
Administrative costs & bank charges
Programme cost
Governance costs
Accountancy and legal fees
Total resources expended
Net income/(expenditure)		 31.3.21
£
146,771
146,771
100
13,675
13,775
8,840
4,200
4,000
-
60,730
1,000
-
41,100
100
2,110
122,080
1,274
1,098
2,372
600
138,827
7,944		 31.3.20
£
104,680
104,680
-
16,076
16,076
21,400
1,000
7,000
10,000
26,050
1,100
11,250
7,500
10,346
-
95,646
2,036
-
2,036
600
114,358
(9,678)

This page does not form part of the statutory financial statements

Page 14