Company Registration Number: 04237350 Charity Registration: 1138142
Bangladesh Association and Community Project (BACP) (A Company Limited By Guarantee) TRUSTEES’ ANNUAL REPORT AND FINANCIAL STATEMENTS For The Year Ended 31 March 2022
Bangladesh Association and Community Project (BACP)
CONTENTS
| Page | |
|---|---|
| Members of the Board and Professional Advisers | 3 |
| Trustees Annual Report | 4 to 8 |
| Independent Examiners Report | 9 |
| Statement of Financial Activities | 10 |
| (incorporating the income and expenditure account) | |
| Balance Sheet | 11 |
| Notes to the financial statements | 12 to 17 |
2
Bangladesh Association and Community Project (BACP) MEMBERS OF THE BOARD AND PROFESSIONAL ADVISORS
| Registered Charity Name | Bangladesh Association and Community Project (BACP) |
|---|---|
| Charity Number | 1138142 |
| Company Number | 04237350 |
| Registered Office | 108 Ramsey Street |
| Rochdale | |
| Lancashire | |
| OL16 2EZ | |
| Directors and Trustees | Muhammed Muhibur Rahman |
| Islam Saiful Siddique | |
| Muhammed Abdul Basith | |
| Abul Kalam | |
| Suhel Miah | |
| Shek Mohammed Koyrul Alam | |
| Faruk Ali | |
| Abdul Aziz Jayed | |
| Fozor Ali | |
| Syed Sorkum Islam | |
| Sakon Miah | |
| Syed Jamal Hussain | |
| Mohammed Abdul Bashir | |
| Dipan Kumar Paul | |
| Chairperson | Muhammed Muhibur Rahman |
| Secretary | Faruk Ali |
| Independent Examiner | Community Accounting Lancashire C.I.C. |
| Foxfields | |
| 9 Norley Close | |
| Chadderton | |
| Oldham | |
| OL1 2RA | |
| Bankers | NatWest |
| Rochdale Branch | |
| Town Hall Square | |
| Rochdale | |
| Lancashire | |
| OL16 1LL |
3
Bangladesh Association and Community Project (BACP)
TRUSTEES ANNUAL REPORT
The Directors, who are the trustees of the charity, present their annual report and independently examined financial statements for the year ended 31 March 2022.
STRUCTURE. GOVERNANCE AND MANAGEMENT
The Charity is a company limited by guarantee and is governed by its Memorandum and Articles of Association dated 19 June 2001 and subsequent approved amendments. It is registered as a charity with the Charity Commission.
The membership of the organization is open to all residents of Rochdale of Bangladeshi origin. The services of the organization, however, are open to all and is in no way limited to its members only. BACP adheres to the Equality Policy and serves all the communities within its reach who form the beneficiaries of the charity.
The Board has the power to make bye laws and rules governing the affairs of the charity. The members, in general meeting, may alter or appeal such rules and bye laws.
The members of the company agree to contribute a sum not exceeding £1 in the event of the charity being wound up.
With a view to effectively govern, the general members during the elections of the board of trustees, also elect the Office Bearers - the Chair, Vice Chair, General Secretary and the Treasurer. The office bearers maintain a close link with the centre management to oversee the operation. In addition, the Board elects sub- committees, where necessary, for the effective monitoring of different services and also to take the lead on its behalf on matters relating to the services to ensure the best interest of the beneficiaries.
APPOINTMENT OF DIRECTORS AND TRUSTEES
The Directors, who are the Trustees, are appointed by the members in the general meeting every third year and are collectively known as the Board. The current board of directors was elected unopposed and approved at the AGM held on 30th October 2016. Normalcy was disrupted during the long Covid -19 crisis and immediate aftermath and current board continued in operation with the approval of the general members in the AGM of 2021. The election of new trustees is now due and the board is now considering how best to address this.
The Trustees who served during the year are listed on page 3. One Trustee, Mohammad Abdus Salam passed away, so the effective number of trustees was reduced to fourteen.
TRUSTEE INDUCTION AND TRAINING
The organisation has a process for the induction of the members of the Board of Directors.
ORGANISATION
The Board, which must not be less than three members and not more than fifteen, administers the charity and meets as necessary, usually 6 to 8 times during the year. Besides the office bearers and the sub-committees, the Board also, occasionally, sets up ad-hoc working groups to look at specific matters if and when necessary and to report back.
The day to day operation of the charity is the responsibility of the Centre Manager, to whom the Trustees delegate authority for operational matters including finance, employment and development, within the overall strategy agreed by the Board.
4
Bangladesh Association and Community Project (BACP)
TRUSTEES ANNUAL REPORT continued
RISK MANAGEMENT
The Trustees have undertaken a review of the major risks to which the charity is exposed, and systems have been established to mitigate those risks. Periodic reviews are made to ensure that the charity continues to identify and mitigate any major risk that may arise. The major financial risks facing the charity arise in connection with:
The uncertainty about the continuing financial capacity of the regular funders to continue to support the work. The short-term nature of project funding.
The charity may also face continuing organisational challenges in aligning its resources to meet the requirements of its service users/grantors, whilst maintaining its financial viability.
CHARITY’S MISSION AND OBJECTIVES
The charity’s mission is to promote the wellbeing of the deprived and disadvantaged communities within Rochdale without distinction of race, colour, ethnicity, gender or views held such as political, religious or other.
The key charitable objectives of the organization are:
-
Providing welfare advice, information, and support services
-
Facilitating ESOL, IT learning and other vocational training
-
Providing Job Club support
-
Providing day care facilities and activities for the elderly and promoting active ageing
-
Promoting healthy, active lifestyles and providing gender specific fitness facilities
-
Promoting and facilitating positive children and youth activities
-
Promoting community cohesion by celebrating cultural diversity and encouraging racial harmony
-
Fostering a positive outlook by engaging young people, women and the elderly in productive activities.
ENSURING THE WORK DELIVERS THE CHARITY’S AIMS AND OBJECTIVES
The management committee meets regularly during the year to review, guide and direct the work of the organization. The major service areas are closely monitored by the office bearers, who inform the full committee of the activities, issues, challenges and opportunities. This governance structure seeks to ensure that the services and the activities carried out by the charity are in keeping with its objectives and satisfies the needs of the community to deliver its overall mission.
In particular, the trustees refer to the guidance contained in the Charity Commission’s general guidance on public benefit when considering how planned activities will contribute to the charity objectives and aims.
REVIEW OF PROGRESS AND ACHIEVEMENTS
The year 2021/22 was the year the country was slowly coming out of Covid-19 pandemic but still suffered its effects. Normal activities and services were slow to get back to some semblance of normalcy due to the community still being fearful and cautious. BACP opened up to resume all its normal (prepandemic) activities when the lockdowns were entirely lifted and face to face services were allowed to start.
There were a total of 33 Male day care sessions, 41 Women’s Group sessions, 57 Talk English classes, 7 Community Health Champions’ sessions, 2 Food Hygiene courses, 19 Arabic (Tajweed) classes, 6 sessions of Young Adult’s Evening Club taking place monthly, 2 Mother’s and Toddler’s Group sessions,
5
Bangladesh Association and Community Project (BACP)
TRUSTEES ANNUAL REPORT continued
6 sessions of Summer Youth Club (self-defence) and 6 Community Events including celebration of 50 years of Bangladesh Independence. There were 22 external bookings of BACP premises during the year. BACP continued to deliver digital and admin support service to the community. At a nominal ‘photocopying fee’ of 10p per copy equivalent, about 20,000 of such instances were recorded.
Total footfall recorded during the year, except those relating to external bookings, was 2273, as below:
| Advice, Information & Guidance Service | - 430 |
|---|---|
| Day Care Service | - 187 |
| Women’s Group | - 363 |
| Talk English | - 379 |
| Community Health Champion’s sessions | - 49 |
| Arabic Class | - 177 |
| Food Hygiene | - 13 |
| IT/Digital Service | - 146 |
| Young Adult’s Evening Club | - 107 |
| Mother’s and Toddler’s Group | - 8 |
| Socialisation (non-day care days) | - 92 |
| Gym | - 30 |
| Community Events | - 238 |
HOW OUR ACTIVITIES DELIVER PUBLIC BENEFIT
The key beneficiaries of our work are the communities in the catchment that we serve. Predominantly, our users come from the local Bangladeshi, Pakistani and the Kashmiri communities; however, the Equality Policy that we abide by ensures that no deserving individual is discriminated against. Our focus has been on all age groups, and both men and women. Our service users come from all over Rochdale Borough.
The Advice, Information and Guidance service is primarily taken up by the people for whom English is not their first language and who lack the knowledge or the confidence of dealing with authorities on their own. Besides addressing the consumer and welfare rights issues, the service also helps with on line form filling.
The day care service targets the local elderly and vulnerable adults, both male and female, by operating gender specific day care days.
The fitness service, likewise, run gender specific sessions and the main beneficiaries have been the community’s Asian women who because of their religious and cultural sensitivities, generally, avoid mixed gym.
The learning and training service focuses on the needs of the community by facilitating ESOL, IT and other vocational classes.
Similarly, the various ad-hoc projects are all designed to benefit the respective sections of the community. The centre being at the heart of the community allows the user groups and the local communities to meet, discuss, consult and run cohesion activities.
We also forge partnerships with other charitable and corporate organizations to bring in services that benefit the communities.
6
Bangladesh Association and Community Project (BACP)
TRUSTEES ANNUAL REPORT continued
FINANCIAL REVIEW
The charity plans its budget at the beginning of the year to ensure it maintains its services to the community. This year ended with a loss (deficit) in the Income and Expenditure account of (£3,830) in comparison to a surplus of £38,853 in the previous year.
The management of the existing funds and resources continued to be robust, including cash in the bank which showed as £148,495 at the end of the year (in comparison to £155,075 in the previous year), and the operation has a sizeable back up of free reserves for any unforeseen circumstances.
IMPACT OF THE COVID-19 PANDEMIC
The Covid-19 pandemic severely affected our service delivery over the past two years. Being a community hub, we traditionally relied on face to face service delivery rather than remote.
The year 2021/22 was the year when the country was getting back to normal as all restrictions were gradually getting lifted. The recovery for us was understandably slow as the service users remained anxious, cautious and fearful. BACP realised that it needed to adapt to the changing circumstances to remain relevant. Therefore, side by side with offering face to face services it had to strengthen its capacity to deliver more online services.
This realisation forced BACP to prepare and plan to upgrade its digital capacity and to explore opportunities to forge relevant partnerships. New ways of engaging with the service users and innovations that are required are viewed as opportunities for the long term change post Covid-19. No doubt, given the low IT literacy for some of the age- groups, the front line service delivery will remain crucial.
However, BACP will continue its efforts to adapt to the environmental changes in order to remain relevant.
FUTURE PLANS
-
The new Business Plan to be given formal acceptance and action initiated.
-
The IT infrastructure and capacity will continue to be strengthened.
-
Following the successful capital funding application with The National Lottery Community Fund, work to be initiated and completed for the building extension.
-
Simultaneously, work to continue in line with the Business Plan to increase organizational capacity and resources to be in readiness to reap the maximum benefit from the new extension in terms of serving the communities.
-
A new, more diversified board in terms of skills, experience, gender and age to be recruited.
-
New funding opportunities, both, from the charitable and the corporate sectors, will continue to be explored in order to ensure sustainability in the face of continued risk of reduction or elimination of the core funding.
7
Bangladesh Association and Community Project (BACP)
TRUSTEES ANNUAL REPORT continued
DIRECTOR’S RESPONSIBILITIES
The trustees and directors for the purposes of company law, present their annual report and the unaudited financial statements of the charity for the year ended 31 March 2022.
The Board have adopted the provision of the Charities SORP (FRS 102) – Accounting and Reporting by Charities: Statement of Recommended practice applicable in the UK and Republic of Ireland (effective 1 January 2015, and including update bulletins on 2 February 2016 and 5 October 2018) in preparing the annual report and financial statements of the charity. The accounts have been prepared in accordance with the Companies Act 2006.
The trustees (who are also directors of Bangladesh Association and Community Project – BACP) 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) and with the provision for small companies.
Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources.
In preparing the financial statements, the directors are required to:
-
select suitable accounting policies and then apply them consistently;
-
observe the methods and principles in the Charities SORP;
-
make judgements and estimates that are reasonable and prudent;
-
state whether applicable 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 charity will continue in business.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and which enable them to ensure that the financial statements comply with 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.
In so far as the trustees and directors are aware:
-
there is no relevant audit information of which the charitable company’s auditors are unaware; and
-
the trustees and directors have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditor is aware of that information.
The report of the members of the board were approved by the Board on and signed on their behalf:
Islam Saiful Siddique Director
8
Bangladesh Association and Community Project (BACP)
REPORT TO THE MEMBERS ON THE UNAUDITED FINANCIAL STATEMENTS OF BANGLADESH ASSOCIATION AND COMMUNITY PROJECT (BACP)
YEAR ENDED 31 MARCH 2022
I report to the charity’s trustees on my examination of the accounts of the Bangladesh Association and Community Project (BACP) for the year ended 31 March 2022 as set out on pages 10 to 17.
Respective Responsibilities of Trustees and Examiner
The charity’s trustees (who are also the directors of the company for the purposes of company law) are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (the 2006 Act). The trustees consider that an audit is not required for this year, and that an independent examination is needed under s144 (2) of the Charities Act 2011 (the 2011 Act).
Having satisfied myself that the charity is not subject to audit under company law (part 16 of the 2006 Act) and is eligible for independent examination, it is my responsibility to:
-
examine the accounts under s145 of the Charities Act 2011 (the 2011 Act)
-
follow the procedure laid down in the General Directions given by the Charity Commissioners (under s145(5)(b) of the 2011 Act, and
-
to state whether particular matters have come to my attention.
Basis of Independent Examiners Opinion
My examination was carried out in accordance with General Directions given by the Charity commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items of disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an opinion as to whether the accounts present a ‘true and fair view’ and the report is limited to those matters set out in the statement below.
Independent Examiners Statement
I have completed my examination for the year ended 31 March 2022.
I can confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that:
-
accounting records were not kept in accordance with s386 of the Companies Act 2006; or
-
the accounts do not accord with such records; or
-
the accounts do not comply with relevant accounting requirements under section 396 of the Companies Act 2006 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 accounts have not been prepared in accordance with the methods and principles of the Charities SORP (FRS 102) – Accounting and Reporting by Charities: Statement of Recommended Practice applicable in the UK and Republic of Ireland (effective 1 January 2015, and including update bulletins on 2 February 2016 and 5 October 2018).
I have no concerns and have come across no matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached.
12[th] July 2022
Miss Jacqueline Bird F.M.A.A.T.
Community Accounting Lancashire C.I.C.
Foxfields, 9 Norley Close, Chadderton, Oldham, OL1 2RA
9
Bangladesh Association and Community Project (BACP)
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING THE INCOME AND EXPENDITURE ACCOUNT)
YEAR ENDED 31 MARCH 2022
| Unrestricted Funds Restricted Funds 2022 2022 Notes £ £ Income from: Grants & Donations 2 16,445 17,145 Charitable Activities 3 12,052 - Other Income 4 12,064 - Total 40,561 17,145 Expenditure on: Charitable activities 5 37,744 23,792 Total 37,744 23,792 Net income/(expenditure) 2,817 (6,647) Transfers between funds - - Net movement in funds 2,817 (6,647) Reconciliation of funds: Total Funds brought forward 10 139,838 403,005 Total Funds carried forward 10 142,655 396,358 |
Total Funds 2022 £ 33,590 12,052 12,064 57,706 61,536 61,536 (3,830) - (3,830) 542,843 539,013 |
Total Funds 2021 £ 37,394 3,998 38,333 79,725 40,872 40,872 38,853 - 38,853 503,990 542,843 |
|---|---|---|
The statement of financial activities contains all gains and losses for the year and all activities relate to continuing operations. The profit for the purposes of the Companies Act 2006 is the net incoming resources before unrealised losses/gains.
The notes on pages 12 to 17 form part of these financial statements.
Note 14 to the accounts shows a comparative Statement of Financial Activities for the year ended 31 March 2021.
10
Bangladesh Association and Community Project (BACP)
BALANCE SHEET
YEAR ENDED 31 MARCH 2022
| Notes FIXED ASSETS Tangible Fixed Assets 9 CURRENT ASSETS Debtors 7 Cash at Bank and in Hand CREDITORS: Amounts falling due within one year 8 NET CURRENT ASSETS NET ASSETS FUNDS OF THE CHARITY Unrestricted Funds 10 Restricted Funds 10 TOTAL FUNDS |
2022 £ 3,676 148,495 152,171 (8,170) |
£ 395,012 144,001 539,013 142,655 396,358 539,013 |
2021 £ 1,163 155,075 156,238 (9,101) |
£ 395,706 147,137 542,843 139,838 403,005 542,843 |
|---|---|---|---|---|
For the year ending 31 March 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director’s responsibilities:
-
i. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476
-
ii. The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The accounts are prepared in accordance with the provisions applicable to companies’ subject to the small companies’ regime and in accordance with Charities SORP (FRS 102).
The accounts were approved by the Board of Directors on
and signed on its behalf by:
Islam Saiful Siddique Director
11
Bangladesh Association and Community Project (BACP)
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2022
1. ACCOUNTING POLICIES
Basis of accounting
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 (FRS102) issued on 16 July 2014 (as updated through Update Bulletin 1 published on 2 February 2016 and also Update Bulletin 2 published on 5 October 2018) – (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
Incoming resources
Grants are credited to revenue on a receivable basis. All income is recognised once the charity has entitlement to the income. It is probable that the income will be received, and the amount of income receivable can be measured reliably.
Restricted funds are to be used for specified purposes as laid down by the donor. Expenditure which meets these criteria’s is identified to the fund, together with a fair allocation of overheads and support costs. Unrestricted funds are donations and other incoming resources received or generated for charitable purposes.
Resources expended
All expenditure is accounted for on an accruals basis. All expenses including support costs and governance costs are allocated or apportioned to applicable expenditure headings.
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 settlement will be required, and the amount for the obligation can be measured reliably.
Fixed assets
Fixed assets for the following are capitalised if they can be used for more than one year, and cost at least £500;
~ Gym & Gym Equipment
~ Furniture & Office Equipment
They are initially recorded at cost and depreciated by 20% on a reducing balance basis.
12
Bangladesh Association and Community Project (BACP)
NOTES TO THE FINANCIAL STATEMENTS continued
YEAR ENDED 31 MARCH 2022
2. Income from Grants & Donations
| ncome from Grants & Donations | ||||
|---|---|---|---|---|
| Unrestricted | Restricted | 2022 | 2021 | |
| Funds | Funds | Total Funds | Total Funds | |
| £ | £ | £ | £ | |
| RMBC | 15,000 | - | 15,000 | 15,000 |
| RMBC Project Fund | 1,000 | - | 1,000 | - |
| TNL Community Fund | - | 15,145 | 15,145 | - |
| Digital EU Assistance Scheme | 375 | - | 375 | 325 |
| Community Support Project | - | - | - | 10,000 |
| Action Together | - | - | - | 1,000 |
| Community Hub Sustenance Support Project | - | - | - | 9,069 |
| Groundwork Comic Relief Women’s Project | - | 2,000 | 2,000 | 2,000 |
| Membership | - | - | - | - |
| Donations | 70 | - | 70 | - |
| 16,645 | 17,145 | 33,590 | 37,394 | |
| ncome from Charitable Activities | ||||
| Unrestricted | Restricted | 2022 | 2021 | |
| Funds | Funds | Total Funds | Total Funds | |
| £ | £ | £ | £ | |
| Gym | 276 | - | 276 | 186 |
| Room Hire & Rent | 9,396 | - | 9,396 | 3,258 |
| Arm-Chair Exercise Contributions | - | - | - | - |
| Utility Reimbursement | - | - | - | - |
| Refunds | - | - | - | 65 |
| Community Admin Service | 2,380 | - | 2,380 | 489 |
| 12,052 | - | 12,052 | 3,998 | |
| ther Income | ||||
| Unrestricted | Restricted | 2022 | 2021 | |
| Funds | Funds | Total Funds | Total Funds | |
| £ | £ | £ | £ | |
| HMRC Job Retention Scheme Grant | 4,064 | - | 4,064 | 8,426 |
| RMBC Restart Grant | 8,000 | - | 8,000 | - |
| RMBC Local Restrictions Support Grant | - | - | - | 5,907 |
| RMBC Closed Business Lockdown Grant | - | - | - | 4,000 |
| Covid-19 Government Support Grant | - | - | - | 20,000 |
| 12,064 | - | 12,064 | 38,333 |
3. Income from Charitable Activities
4. Other Income
During the period the charity benefitted from a total of £12,064 of Government Grants. In accordance with accounting policy, this credit is included in ‘Other Income’ within the ‘Statement of Financial Activities (incorporating the Income and Expenditure Accounts)’ in the period for which they compensate.
13
Bangladesh Association and Community Project (BACP)
NOTES TO THE FINANCIAL STATEMENTS continued
YEAR ENDED 31 MARCH 2022
5. Expenditure on Charitable activities
| Unrestricted Support Costs Restricted Support Costs Unrestricted Direct Costs Restricted Direct Costs Unrestricted Governance Costs £ £ £ £ Electric & Gas 2,467 - - - - Water 240 - - - - Business Rates 311 - - - - Room Hire - 960 - - - Repairs / Maintenance 4,130 - - - - Insurance 1,163 - - - - Depreciation - - - 694 - TV & Music Licence 159 - - - - Telephone & Internet 503 - - - - IT Costs 785 450 - - - Stationery & Postage 501 - - - - Cleaning 72 - - - - Salaries / PAYE - - 24,771 1,239 - Session Workers - - - 1,647 - Extension Prep Work 896 15,145 - - - Payroll Costs - - 301 - - Community Admin 58 412 - - - Gym 48 100 - - - Ad Hoc Projects - 3,145 - - - Trips & Travel - - - - - Events - - 572 - - Publicity - - - - - Sundries (74) - - - - Accounts - - - - 670 Bank Charges 158 - - - - Companies House - - - - 13 11,417 20,212 25,644 3,580 683 6. Staff Costs 2022 The movement in the year is after charging: Wages and Salaries 26,010 26,010 Average number of full-time equivalent employees in the year 2022 Charitable Activities & Administration 2.0 |
Total Funds 2022 Total Funds 2021 £ £ 2,467 1,273 240 387 311 121 960 - 4,130 1,492 1,163 1,163 694 867 159 157 503 890 1,235 820 501 461 72 23 26,010 27,019 1,647 909 16,041 3,529 301 298 470 - 148 160 3,145 467 - 3 572 15 - - (74) - 670 670 158 135 13 13 61,536 40,872 2021 27,019 27,019 2021 2.0 |
|---|---|
No Trustee received any remuneration during the year.
No employee received emoluments of £60,000 or above (2021: none).
14
Bangladesh Association and Community Project (BACP)
NOTES TO THE FINANCIAL STATEMENTS continued
YEAR ENDED 31 MARCH 2022
7. Debtors 2022 £ Trade Debtors 2,117 Prepayments and Accrued Income 1,559 3,676 8 . Creditors: Amounts Falling Due within One Year 2022 £ Accountancy Fees 670 Other Accruals - Deferred Income 7,500 8,170 9. Tangible Fixed Assets Freehold & Long Lease Property Gym & Gym Equipment Furniture & Office Equipment Cost or Valuation £ £ £ Cost at 01/04/21 400,241 31,156 1,158 Additions - - - Revaluations - - - Disposals - - - Cost at 31/03/22 400,241 31,156 1,158 Accumulated Depreciation Accumulated Depreciation at 01/04/21 8,005 27,810 1,034 Depreciation charge for the year - 669 25 Revaluations - - - Disposals - - - Accumulated Depreciation at 31/03/22 8,005 28,479 1,059 Net Book Value Net Book Value at 31/03/21 392,236 3,346 124 Net Book Value at 31/03/22 392,236 2,677 99 |
2021 £ - 1,163 1,163 2021 £ 670 931 7,500 9,101 Total £ 432,555 - - - 432,555 36,849 694 - - 37,543 395,706 395,012 |
|---|---|
15
Bangladesh Association and Community Project (BACP)
NOTES TO THE FINANCIAL STATEMENTS continued
YEAR ENDED 31 MARCH 2022
10. Movement in Funds
| Balance as at | Incoming | Outgoing | Balance as at | |
|---|---|---|---|---|
| 1st April | 31st March | |||
| 2021 | 2022 | |||
| £ | £ | £ | £ | |
| Unrestricted Funds | 139,838 | 40,561 | (37,744) | 142,655 |
| Restricted Funds | ||||
| Fixed Assets | 395,706 | - | (694) | 395,012 |
| Grants: | ||||
| TNL Community Fund | - | 15,145 | (15,145) | - |
| Community Support Project | 4,130 | - | (4,130) | - |
| Groundwork Comic Relief Women’s Project | 1,823 | 2,000 | (3,823) | - |
| Active Ageing Project (Lottery) | 28 | - | - | 28 |
| Active Ageing Project (RBC) | 583 | - | - | 583 |
| Women’s Wellbeing Project | 735 | - | - | 735 |
| Total Restricted Funds | 403,005 | 17,145 | (23,792) | 396,358 |
| TOTAL FUNDS | 542,843 | 57,706 | (61,536) | 539,013 |
11. Company Status
The charity is limited by guarantee and has no share capital. There are 14 members and the liability of each member in the event of winding up is limited to £1.
12. Related Parties
There were no related party transactions during the year.
13. Corporation Tax
Tax Act 2010 or section 256 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects. No tax charges have arisen in the charity.
16
Bangladesh Association and Community Project (BACP)
NOTES TO THE FINANCIAL STATEMENTS continued
YEAR ENDED 31 MARCH 2022
| 14. Comparative Information (Previous Year) Unrestricted Funds Restricted Funds 2021 2021 £ £ Notes Income from: Grants & Donations 2 16,325 21,069 Charitable Activities 3 3,998 - Other Income 38,333 - Total 58,656 21,069 Expenditure on: Charitable activities 4 24,599 16,273 Total 24,599 16,273 Net movement in funds 34,057 4,796 Total funds brought forward 9 105,781 398,209 Total funds carried forward 9 139,838 403,005 |
Total Funds 2021 £ 37,394 3,998 38,333 79,725 40,872 40,872 38,853 503,990 542,843 |
|---|---|
17