REGISTERED CHARITY NUMBER: 1137016
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 March 2024
for
Bangladesh Regeneration Trust UK
Bangladesh Regeneration Trust UK
Contents of the Financial Statements for the Year Ended 31 March 2024
| 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 to 15 |
Bangladesh Regeneration Trust UK Reference and Administrative Details for the Year Ended 31 March 2024
TRUSTEES
PRINCIPAL ADDRESS
Mohammed I Ali Mohammed M Hussain Nazir Ali 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 2024
The trustees present their report with the financial statements of the charity for the year ended 31 March 2024. 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 bi-annually reappointed. The balance of the trustees is assessed regularly to determine if there is a need to change profile or add new members depending on the objectives for BRTUK going forward.
All new members are vetted for the appropriateness and compatibility with the political and religious neutrality of 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 financial contributions to the operating costs of BRTUK.
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Bangladesh Regeneration Trust UK
Report of the Trustees for the Year Ended 31 March 2024
OBJECTIVES AND ACTIVITIES
Objectives and aims
BRTUK 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 relief for those impacted by floods and 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:
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To continue to manage and support the Principle Womens College in Kamalpur in Biswanath, Bangladesh. BRTUK has been financially supporting this college and will continue to do so until it can run itself financially.
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Support approximately 30 gifted students currently, with the aim of expanding this programme across Bangladesh. This will be under our Student Investment Programme.
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Provide emergency livelihood support for cases identified by our representatives in Bangladesh.
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Provide health and medical projects identified by our representatives in Bangladesh.
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Support community initiatives in areas of health, education and livelihood in London, United Kingdom.
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Bangladesh Regeneration Trust UK
Report of the Trustees for the Year Ended 31 March 2024
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:
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Fundraising dinners with guest speakers covering topical issues for British Bangladeshis.
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Sponsored activities, taking volunteers for various events who commit to raise funds through sponsorship.
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General word of mouth and networking among extended friends, family and colleagues. We encourage everyone to donate via JustGiving, LaunchGood and other fund-raising websites.
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Our aim is to attract all people from all backgrounds with a common goal of supporting the activities of our charity in Bangladesh and potential future initiatives in London, United Kingdom.
During the course of each year, we aim for at least one trustee to visit Bangladesh, to observe 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 2023 to 31 March 2024 the charity raised £98,555 (2023: £126,594). The expenditure in the same period was £86,861 (2023:£139,403), the charity was left with a surplus of £11,694 (2023: a deficit of £12,809) 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 2024 was £21,950 (2023: £10,255).
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, colleague, local community and targeted businesses.
The charity also has no restricted funds, and there were none in the prior year.
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
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Bangladesh Regeneration Trust UK
Report of the Trustees
for the Year Ended 31 March 2024
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
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 17 January 2025 and signed on its behalf by:
............................................................ Mohammed I Ali - 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 2024.
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:
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accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
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the accounts do not accord with those records; or
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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
26/01/2024 Date: .............................................
Page 6
Bangladesh Regeneration Trust UK
Statement of Financial Activities for the Year Ended 31 March 2024
| 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 |
31.3.24 Unrestricted fund £ 98,555 11,054 75,807 86,861 11,694 8,299 19,993 |
31.3.23 Total funds £ 126,594 6,982 132,421 139,403 (12,809) 21,108 8,299 |
|---|---|---|
The notes form part of these financial statements
Page 7
Bangladesh Regeneration Trust UK
Balance Sheet 31 March 2024
| 31.3.24 | 31.3.23 | ||
|---|---|---|---|
| Unrestricted | Total | ||
| fund | funds | ||
| Notes | £ | £ | |
| CURRENT ASSETS | |||
| Cash at bank | 21,950 | 10,256 | |
| CREDITORS | |||
| Amounts falling due within one year | 5 | (1,957) | (1,957) |
| NET CURRENT ASSETS | 19,993 | 8,299 | |
| TOTAL ASSETS LESS CURRENT | |||
| LIABILITIES | 19,993 | 8,299 | |
| NET ASSETS | 19,993 | 8,299 | |
| FUNDS | 6 | ||
| Unrestricted funds | 19,993 | 8,299 | |
| TOTAL FUNDS | 19,993 | 8,299 |
The financial statements were approved by the Board of Trustees and authorised for issue on 17 January 2025 and were signed on its behalf by:
............................................. Mohammed I Ali - 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 2024
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 2024
2. RAISING FUNDS
Raising donations and legacies
| Sundries Fundraising cost Support costs |
31.3.24 £ 3,504 2,922 4,628 11,054 |
31.3.23 £ 380 2,451 4,151 6,982 |
|---|---|---|
3. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2024 nor for the year ended 31 March 2023.
4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted | |
|---|---|
| fund | |
| £ | |
| INCOME AND ENDOWMENTS FROM | |
| Donations and legacies | 126,594 |
| EXPENDITURE ON | |
| Raising funds | 6,982 |
| Charitable activities | |
| Charitable activities | 132,421 |
| Total | 139,403 |
| NET INCOME/(EXPENDITURE) | (12,809) |
| RECONCILIATION OF FUNDS | |
| Total funds brought forward | 21,108 |
| TOTAL FUNDS CARRIED FORWARD | 8,299 |
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continued...
Bangladesh Regeneration Trust UK
Notes to the Financial Statements - continued for the Year Ended 31 March 2024
| 5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||
|---|---|---|---|---|
| 31.3.24 | 31.3.23 | |||
| £ | £ | |||
| Other creditors | 1,957 | 1,957 | ||
| 6. | MOVEMENT IN FUNDS | |||
| Net | ||||
| movement | At | |||
| At 1.4.23 | in funds | 31.3.24 | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 8,299 | 11,694 | 19,993 | |
| TOTAL FUNDS | 8,299 | 11,694 | 19,993 | |
| Net movement in funds, included in the above are as follows: | ||||
| Incoming | Resources | Movement | ||
| resources | expended | in funds | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 98,555 | (86,861) | 11,694 | |
| TOTAL FUNDS | 98,555 | (86,861) | 11,694 | |
| Comparatives for movement in funds | ||||
| Net | ||||
| movement | At | |||
| At 1.4.22 | in funds | 31.3.23 | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 21,108 | (12,809) | 8,299 | |
| TOTAL FUNDS | 21,108 | (12,809) | 8,299 |
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continued...
Bangladesh Regeneration Trust UK
Notes to the Financial Statements - continued for the Year Ended 31 March 2024
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 £ 126,594 126,594 |
Resources expended £ (139,403) (139,403) |
Movement in funds £ (12,809) (12,809) |
|---|---|---|---|
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund TOTAL FUNDS |
Net movement At 1.4.22 in funds £ £ 21,108 (1,115) 21,108 (1,115) |
At 31.3.24 £ 19,993 |
|---|---|---|
| 19,993 |
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 | 225,149 | (226,264) | (1,115) |
| TOTAL FUNDS | 225,149 | (226,264) | (1,115) |
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continued...
Bangladesh Regeneration Trust UK
Notes to the Financial Statements - continued for the Year Ended 31 March 2024
7. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2024.
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Bangladesh Regeneration Trust UK
| Detailed Statement of Financial Activities for the Year Ended 31 March 2024 INCOME AND ENDOWMENTS Donations and legacies Donations Total incoming resources EXPENDITURE Raising donations and legacies Sundries Fundraising cost Charitable activities College & school programme costs Livelihood support schemes Flood relief support Family support & seasonal initiatives (Ramadan & Qurbani) House building scheme Heritage tour programme Women's hygiene programme Support costs Management Administrative costs & bank charges Programme cost Other Website charges Governance costs Accountancy and legal fees Total resources expended Net income/(expenditure) |
31.3.24 £ 98,555 98,555 3,504 2,922 6,426 10,520 15,850 - 33,400 13,164 2,873 - 75,807 1,167 1,311 2,478 1,250 900 86,861 11,694 |
31.3.23 £ 126,594 126,594 380 2,451 2,831 10,000 16,924 39,750 36,691 12,067 1,989 15,000 132,421 2,631 620 3,251 - 900 139,403 (12,809) |
|---|---|---|
This page does not form part of the statutory financial statements
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Bangladesh Regeneration Trust UK
Detailed Statement of Financial Activities for the Year Ended 31 March 2024
| 31.3.24 | 31.3.23 |
|---|---|
| £ | £ |
This page does not form part of the statutory financial statements
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