CHARrrY REGISTER D NUMBER:1137053 THE AZAD CHOUDH DUCATI AND WEL TRU RUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023 ABU & ABU CHARTERED CERTIFIED ACCOUNT ABU NOWSHED CENTRE 71 WORD WORTH RO SMALL HEATH BIRMINGHA BIO OED WEST MIDLANDS NTS THE AZAD CHOUDHURY EDUCATION AND WELFARE TRUST LEGAL AND ADMINISTRATIVE INFORMATION Registered Charity Number: 1137053 Trustee5: Umar Ibne Azad Choudhury Abul Kalam Azad Choudhury Monika Badham Beresford Badham Aleya Choudhury Sorowar Murshed Choudhury Regtstered Office: 112 Russell Road Hall Green BirErtingham B28 8SQ Aeeountsnts: Abu &Abu Cl>artered Certified Accountants Abu Noiv5hed Centre 71 Wordsworth Road Small Heath, Birmingham BIOOED Wesl Midlands THE.4ZAD CHOUDHURY EDU ION ANDWELFARE TRU FOR THE YEAR ENDED 30SEPTEMBER2023 CONTENTS Page Charity- Examiners report Trustee5' report Balan¢e shee Statement of financ%al activities S¢hedule of funds Note5 INDEPENDENT EX MINER'S REPORT TO THE TRUSTEE OF THE AZAD CHOUDHURY EDUCATION AND WELFARE TRUST FOR THE YEAR E ED 30 SEPTEMBER 2023 I report on the ac¢ounts ivhich are set out on pages 4 to 9 Respeetlve res￿nSibIlItieS of the The trustees are respot)siblt for the preparatton of the accounts. The trustees consider that an audit 15 not required for this year under section 14412) of the Charities Act 2011 Ith¢ 2011 Act) and that all independent exatnination is needed. It is my re5WtLsibility to.. The irustees who are also dircctors of the compan), for the purpose of Eiamirje the ac¢ountS Ltnder section 145 of the 2011 A¢t., follow the procedures laid down in th¢ generdl directions given by the Chaiity Commission (under Section 145{5)Ibl of the 2011 Act); and state whether particular matteTS have come to my attentio￿. Basis of Independent examlner'5 rei)ort My examination was earried in aceordance ivith the Genernl Dtrections griven bi, the Charlty CommÉssion. An examination in¢lude5 a review of the accounting records kept by the Charity and 2 wmpAri50n of the accounts P￿ented with those re¢ord5. It also includes consider21ton of any unusual it¢ms or dis¢losLtr¢5 111 the accounfs, and seeking e.YplanalÉons from you ￿ trustees concerning any su¢h rnatters. The procedures undertaken do noi piovide all the evÉdent¢ that would be required tn at) audit. and consequently no opinion is givetS 2S to whether ihe &ccounis present a 'true atjd fair view" and the rewrt is limited to those matters set out in the Statement below. Independettt exAmi4er'$ 5tAtement In our opanion ihe finan¢ial statem¢nts: give a true and fair view of th¢ of the state of the eomparky'5 affairs as at 30 Septemttr 2023 and of its profit for the yvdr then ended- have been properly prepared in accordance with Uni*d Kingdom Generally Accewed Acc4)uoting Practice - Finatlcial Rewrtin8 Siandard 102. ar have been prep￿ed tn a￿Ord￿nCe with the requirements of the Companies Act 2(K>6. ated.'29 July 2024 Abu Nowshed, FCCA Chartered Certified Accountants Abu Nowshed Centre 71 Wordsworth Road Small Heath: Birningham BIOOED West Midl&nds Page THE AZAD CHOUDHURY EDUCATION AND WELFARE TRU REPORT OFTHE FOR THE YEAR ENDED 30SEPTEMBER202 The Charitie5 Act 2011. togeiher wilh the financial st￿ernents for the year: and confirm that the latter comply with the requiTement5 of the Act, the Tryst Deed and the Charities SORP 2005. Strueture. Governance gmd Managemont Organisation A board of trustees of up to 6 members, who meet regularly and administer the charity. Risk TK>Iicy The tTUStees have examined the major Strategic, IIy5iness and operational risks which the ¢haTity faces and confirm that systeffl5 have been establish¢d io enable regular re]x>rts to be produced so that the necessary steps can be taken to lessen th¢5e risL%. Volunleers Many volunteets give up their time to help at the school. particularly at ive¢k¢nds and in the evenings. W¢ are greatly indebted to ihese voluntter5 for their commitment and support. Objectives and activities The princÉpal a¢tivity of the company continues to k that of tnhancing. enrichsng and distributing educational values and System through providing educatio￿1 matersals and resour¢e5 in a school SylheL Bangladesh thro￿£h sponsor5hip5 and thnations. Achlevements #nd perfoTmstnc¢ The I￿￿te¢S consider the goals achtev¢d from school activities aT¢ particularly satisfactory Ix>wever, the trustees continued effort in supporting the children in the s¢hool has helped many disadvantsged childten &chievin8 higher educatÉon and seeing prospering in lafe. F3Trancial rewxew Pl#n$ for future period$ The organization conttnu¢s to build on its Strength5 and woviding edu￿10￿al services to much needed communiiy. Page 2 THE AZAD CIIOUDHURY EDUCATION AND WELFA UST REP OF THE (Continued) FOR THE YEAR ENDED 30 SEPTEMBER 2023 Accountlng #nd reportiDg responslbÉlities The tnkstees Tesponsibl¢ for preparing the Tru5tees' Annual Report aTrd the financial stat¢mertts irj cordance ￿1th applicable law and Ullited Kingdom Accounting Siandard5 IUTrited Kingdom Generally Accepted Accounting Practice). The lai¥ Applicable to ¢haTities in England and Wale5 requires the trustees to prepare financial siatements for each fjnancial year which give o true and fair vteiy of the st&te of affair5 of the charity and of the in¢oming resources and application of ¥esources of the charity for that period. In preparin8 these financial 51atementy the trusiees are required to: select suitable accounling policies atjd appl>. them consistentl)" observe the methods and pr*n¢iples in the Charities SORP 2015 IFRS1021' n2ake judgemellts and estimates that are reasonÈble and prudent. Sta￿ Ivhether applicable accounting Standard5 have been followed:subject lo an>. material departUTes disclosed and explaiRed in the financial st&temeThis: prepare the financial st2temettts OD a going eoncern basis unles5 jt is inappropriaÈe to presume that the ¢hariiy will continue in operation. The trustees are responstble for keeping proper accollnling records which disclose w'ith reasonable accurdcy at any time the financial position of the charit>. and enable ¢heTh to ensure that the firTrancial staiements cotnply with the CharitEes Aci 2011. the Ch8rity' IA¢¢ounts 2nd Reports) Regulations 2008 and the provision orth¢ trust deed. Thew ore also responsible for safe8uarding the assets of the charity and hen¢e for taking reasot)able steP5 for the Prevention and detection of fraud and other iTrtgularities. Approved by the trustees on 29 July 2024 signed on its behalf by: Umar Ibne Azad Choudhu stee Pag¢ 3 THE AZAD CHOUDH RY ON AIYD WELFARE TRUST BALANCE SHEET AT 30 SEPTEMBER 2023 Note 2023 2021 Current assets Bank Accouttts 1.538 4.913 1,538 4,913 Crtdltors Amounts fallin8 due ivitbin ot)e year 520 288 Net currwt assets 1.018 4,625 Tot#1 assets les5 current liabilitles 1,018 4.625 Net assets £1,018 £4.625 Capit21 fun¢ts Resiri¢ted funds Ut]restricled fllnds 966 52 .559 i,066 Total (und$ £1,018 £4.625 Ap oved trust¢e5 on July 2024 and signed on its behalf. Umar Ibne Azad Choudhury The ann&xed notes f¢)rni part o these financial ststem¢n¢s. Page 4 THE AZAD CHOUDHURY E ATION AND WELFARE TR STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 SEPTEMBER 2 Rest'd Income Fvnd$ T•tal Fun 21ll3 Total Fund8 2022 Unrest'd F￿ndS Intoming resovrces Incoming Resources from generated funds.. Volunlary income 27,936 1.182 29,118 16.169 Totgl iR¢omlng resourtes 27.936 29,118 16.169 Rtsource5 expended Charitable activities 30,430 1,775 32.205 12,409 GoYernarKe costs 520 520 396 Total r&ources e7pended 30.950 1,775 32.725 12.805 Net movement funds {3.014) {593) 13.607} 3.364 Total brought fonvArd £ 3,066 £ 1,559 £ 4.625 ,261 Total funds ¢Arrl¢d forwArd £ 52 £ 966 £ 1,018 £ 4,625 tktails of Incomkng resources and resources used aye given in the tM)te5 fo the financial statement5. Page 5 THE AZAD CHOUDHURY EDUCATION AND WELFARE TR srATEMENT OF FINANCIAL ACTIVITIES DETAILED ANALY ov MENTS IN FUNDS FOR THE YEAR ENDED 30 SEvfE 02 2023 2022 Unrestrleted Generftl w￿lld OrKning balance Gerteral donation Ov¢rseas donaiions Accountancy 3.066 27,936 (30.4301 15201 79 13,122 {9,739) 13961 52 Re5trlcted StudeDt Fund Openittg Ba18nce Student Sponsorships Overseas donations 1.559 1.182 {1,775) 1.182 3,047 {2.6701 1.559 Total funds 8t 30 Septemb¢r 2023 £1.018 £4,625 Poge 6 THEA D CHOUDH RY EDUCATION AND WELFARE TRUST NOTES TO THE FINAN IAL STATEMENTS FORT E YEAR ENDED 30 SEPTEMBER2023 Accounting polleies The charity ConStit￿te$ a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with Accounting and Reporting by Chariiies.. Statement of Re¢ommend¢d Practice applicable to charities preparing their accounts in accordance ivith ihe Financial Rewrting Stsndard appli¢able in the UK and Republic of Ireland IFRS1021 issued on 16 Julv 2014 las updaied through Bulletin I published on 2 February 2016).. the Financial Reporting Standard appli¢able in the United Kingdom and Republic of Ireland IFRS102}.. the Charities Act 2011 and UK Generally Accepted Pra¢ti¢e as it applies from l January 2015. The clmriry has applied Update Bulletin l as publsshed on 2 February 2016 and doe5 Elot include 3 cash t]mY statement on the grounds that li is applyitÈ8 FRS 102 Section IA. Th¢ financial Statements are pre￿red on a going ¢on¢eTn basis under the hsstOTi¢al conventjOD (modified to include Cellain items at fair value). The fin&n¢ial statements are presented in sterling which is the funclional ¢urrency of the charity and rounded Éo the nearest pound. The sigrkificant &ccounting policies applied in the PTeparation of these fJnan¢ial statements are set out belo￿. These policies hav¢ been conskstently 8ppli¢d lo a]1 yeaT5 unless othernvise stattd. Cx$hflow 5talement The Cotnpan} has tsken advantage of the exemption in Financial Re￿rtIng Standard No.1 from the requiremeni to produce a whllow statement on the grouRds that it 15 a small company. Incoming resources All incoming resources are in¢lu