JUNNURAIN EDUCATION & CULTURAL TRUST Charity Registration Number: 1141217 REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 REPORTING ACCOUNTANTS= AM ACCOUNTANCY SERVICES 43 BEN JONSON ROAD LONDON E14SA TEL.. 020 7790 6111 Page 1 of 12
JUNNURAIN EDUCATION & CULTURAL TRUST FOR THE YEAR ENDED 31 MARCH 2024 CONTENTS Pages Information ol financial Stateffler>ts Report ¢)f the Exewlive Committee Stsiement of r85ponsibililie5 of the Committee.. Indèpendent Examinerfs Report Income and Expenditure Accounts statement of Assets and Liabilits"es 10 Notes to the Acwunts 11-12. Page2 of 12
JUNNURAIN EDUCATION & CULTURAL TRUST FOR THE YEAR ENDED 31 MARCH 2024 MANAGEMENT COMMIThEE CHAIR PERSON Mr AtKlul Motlib ADDRESS 79 Feenan Highway Tilbury Essex RM188EX BANKER HSBC BANK PLC INDEPENDENT EXAMINER AM ACCOUNTANCY SERVICES 43 BEN JONSON ROAD LONDON E1 4SA TEL.. 020 7790 6111 Chari s Trustees: Mr Abdul Motlib Mr Shahiqul Haque Mr MD Syedul Islam P8ge3of12
JUNNURAIN EDUCATION & CULTURAL TRUST REPORT OF THE EXECUTIVE COMMITTEE FOR THE YEAR ENDED 31 MARCH 2024 The trustees present their report and financial slalement5 for the year ended 31 March 2024. Tlie Trustees have adopted tlie provisions of the SiaieTMent of Recommended Practice {SORPI Accoiinting and Reporting by Charities issued in 2005 in preparing the annual report and financial 5taiemenls of tlie Charity. Legal Status: Charity- Registered with the Charily Commission, Charity Number.. 1141217 Objects, Principal Activities and Organisation of the Charity The Charity was esiablished witETr a view ro promoting the benefit of Bangladeshi people resident in the UK or Bangladesh by.. a) To Advance the education of Children in Bangladesh b} Tl)e relief of financial hardship and relief of sickness and pieservation of health among elderly people residiiig in Baiigladcsh c) The reliefof poverty througout the world Page40112
JUNNURAIN EDUCATION & CULTURAL TRUST REPORT OF THE EXECVTIVE COMMITTEE FOR THEYEAR ENDED 31 MARCH 2024 Organisation: A Management Committee, the members ol whith are the trustees manage5 the affairs ol the chaiity The Management C¢)mrnittee manages the business of the charity inclu¢Jing the pawng of all expenses Truslees: Trustees, wl)o are all members of the executive committee, and who served during the year are set out on page J. The trustees are elected at th¢ Aiinual General Meeting, for tncmbership ofthe Ex¢¢ulive Committee and seTve until Ihe end of thc n¢Kt Annual General Meeting, wliere they can stand for r<- election as member5 of tlie new Executiv¢ Committee. Trustees rcsponsibililies in relation to the finaneial statement5 The cominÈrtee or Trustees are required by ¢h2rily'S law to prepare financial stateinents for each financial year which give a true and fair view of the financial activiti¢s ot the charity and of its finaiicial positioii at the end of Ilial yeai.. Iii preparing those financial siatements the Trusiee.% aT¢ required to". The Trustees are responsible for preparifig the Trustees Annual Report and the Financial Slaternents in accordance with èpplicab5e law and regulations and United Kingdom Ac¢ounling Standards Iunited Kingdom Generally Accepted Accounts'ng Praclicel. The law applicable lo charities in England and Wale5 require5 the Trustees to prepare Financial Statements lor each financial year which give a true and fair view ol the state ol affairs of the charity and ol the incorning resources and applicAtion of resources ol the charty for that penod. In piep8ring these Financial Staternent5, the Trijstees are required to". Select suitable accounting policies and then apply Ihem consistently. Observe the methods and principles in the Cmarities SORP., Make judgements and kccountsng estimates that are reasonable and prudent., Prepare the Fin8naal Statements on the going concem basis unless it is inappropriate to presume that the charity will continue in ope¥atson The Trustees are responsible for keeping proper accounting records that disclose Nmth reasonable accuracy at any time the financial position of the charity and enable them to ensure that the Financial Statements comply with the Charities Act 2011. The Charity (Accounts and Reports) Regu1atrons 2008 and the provisions ol the trust deed. They are also itrsponsible lor safeguaiding the 8ssets ol the charity and hence for taking reasonable steps for the prevention and deieolion of fraud and other irregularities VOLUNTEERS.. The Trustees wsh lo record their appreaalion on behalf ol the Charity and Community lor ttte VUnteerS who. assist in the smooth running of the Charity and are critical in helping to keeps the running costs dovm RISK REVIEW: The Trustees have conducted their own review ol the majoi risks to which the Charity is exKM)sed and steps have been initiated lo minimise the ifsentified risks. All functions ol the Chanty are subjected to rIOdIC review resulting in a pio¢o$s of ongoing irnprovement. All staff and volunteers are trained ancs have all the reqUId stalulory and regulatory ckarances required. Page5of 12
JUNNURAIN EDUCATION & CULTURAL TRUST REPORT OF THE EXECUTIVE COMMITTEE FOR THE YEAR ENDED 31 MARCH 2024 SERIOUS INCIDENTS AND EXCEPTIONS: The Trustees are pleased to note. thal there were no incidents which gave rise lo the need for the Trustees to lodge a Serious Incioenl Report with the Charity Comtni5sion Furthermore. there were no Exceptions recorded 8nd whh gave rise to the need for the Trustees to record on the Charill5 Exceptions, Register. RELATED PARTY TRANSACTIONS.. During th& yearthe Charitywa5 under the control of Tiuslees and Management C¢Nnmillee memr$ as listed above. This repotL which has been prepared in accor¢Jance with the special provisions of Part 1S ol the Companies Act 2006 applicable to sm811 companies. No tnembers ol the management committee received any remuner8tion duong the year. No trusteo or othei person ielaled lo the charity had any personal Inteiesl in any contract or transaction entered into by the charity during the year. Reser¥e Policy 1115 the policy ol the charity that unrestricted funds. whh have not been designated lor a specific use. should be maintained at a level equivalent to its expenditure. The Tnjstees consider that reserve5 al thi5 level wll ensure that. in the event ol a significant drop in funding. They will be able to continue the charity's cuiient activib'es while Consideration is given to ways in which additional funds may be raisett. The cent S11 actively work to achieve thi5 level of serVeS. INDEPENDENT EXAMINER According to the provisions of the Charities Act 2008 and updated 2011. the Committee has agreed that and audit is not reqUId for this financial year However due to provisions ol the same act an independent examiner is required and AM Accountanw Services appointed as extern31 Accountant or Independent ExaThiner Transaction and financial position The Statement of Financi81 Aclivith'es shows net deficit lor the year of £31.359 and our accumulated funds stand at £7,940 in total. AM Accountancy Servi5 cathed out an independent examination of the accounts included in the report. Thi5 report which h85 been prepared in accordan with the Stalemenl of Recommended Practice ISORPI Accounting and Reporbng by Ch3ritie3 issued in 2005. Approved by the trustees and signed on its behalf by This report was approved by the Exe¢ub"ve Committee on and Signed on their behair Mr Abdul Mollib IChaim8nl Dale.. Page6of12
Accountsnts, Report To the Trustees of JUNNURAIN EDUCATION & CULTURAL TRUST FOR THE YEAR ENDED 31 MARCH 2024 We report on the accxiunts for the year ended 31 March 2024 sel out on pages 810 12 which have been prepared under the historical cost convention and the accounting policEs set out in note 1 to the financial statements. Respeetive Responsibilities of Trustees and Accountants As described on page 5 the trnstees aTC r¢sponsible for the prepaiation of the financial st&tetnents, and they consider that the trust is exempl froTn an audit. It is our responsibility to carry out procedures designed to enabl¢ us lo r¢port our opinion to you. Basis of Opinion Vve conducted ourwork in accordan with the Statement of Standards for Reporting Accountant5, and so our piocedure5 con5i5ted of comparing the accounts with the accounting records kept by the charity. and making such limited ènquiries of the trustees and officers as we considered necessary for the purpose ol this pOrt. These procedures piovi(Se only the assurance expressed in our i)pinion. Opinion In our opinion-. lal The accounts are in agreernenl with ihe accouniing recor(Js kept by the charity under the requirements ol the Staternent of Recornmended Practice- Accounting and Reporbng by Charities., Ibl Having Iggaid only10. 8nd on the basis ol, the Inlom)atson coniainÈd in those accounts.. 111 The accounts have been drawn up in a mannei con51Stent with the accounting requirements SP8cified the Statèment of Recommended PraCtI- Accwnting and Reporting by Charities, and 121 The charity satisfied the conditions for the exemption Irorn an audit of the accounts for the year specified in the Charitses Aet. 131 Thi5 unaudited Account we have prepared in accoidanco with the figure, information and explanation we have received frorn the management of the current committee. Le5 AM ACCOIINTANCY SERVICES 43 14LIY JONSON KOAL) LONDON El ¥lSA TCL.. 020 7790 6111 FAX.. O?0 7790 8033 AM ACCOUNTANCY SERVICES 43 BEN JONSON ROAD LONDON E14SA Date.. gd Page7 of 12
JUNNURAIN EDUCATION & CULTURAL TRUST Statement of Financial Activities Ilncome & Expense Statement} FOR THE YEAR ENDED 31 MARCH 2024 2024 Total 2023 Total Notes Unresth¢ted Resthcte Incomlng Resources Voluntary Income.. Memebership fees General Donation & Contribution Projecls lor Poor & Needy 25.751 6,146 25,751 8.146 22,535 8,644 Other Income.. Donations Via Gift Aid & Just Giving Total In¢omln Resources 31.897 31.897 Resources Expended Direct Charitabl• Expenditure Education and Building projects in Bangladesh Projects for Poor & Needy Donations to Charitie5 Postage and Statsoneries Telephone. fax and photocopies Rent, Rates and setvice charges Light, Heal and Water Books and Materials Travel & Tran5POrt Cleaning Wage5 and Volunteer expensès 25.396 36,754 25.396 36.754 20,973 1,027 160 160 150 195 195 Oirecl charitab* ex endilure 62.505 62,505 22.330 Management & Administration Expen505'. Accountancy A(5vertising and promots.on 8ank charges Insurance CRB fee Depreciation Sundry Re ement & Adrninistration Ex 400 400 351 351 264 Mana enses.. 751 751 664 Total ReSQue6 Ex nded 63.256 63.256 22,994 Net Incoming Resources I Iresources expendedl .31,359 41,359 8.185 Net Movement funds for the perlod: 41,359 -31,359 8,185 Total Funtls Brought fofward 39.299 39.299 31.114 Balance at 31 March 2024 7.940 7,940 39,299 Page80112
JUNNURAIN EDUCATION & CULTURAL TRUST Summary Income and Expenditure Account FOR THE YEAR ENDED 31 MARCH 2024 2024 Notes Income Total 6xpendilure Net Surplus IDeficill lor the financial year 31,897 83,256 -31.359 There were no cogniSed gains other than those included In the Income and Expendituie Account for current year. Page9of12
JUNNURAIN EDUCATION & CULTURAL TRUST statement of Assets & Liabilities l Balance Sheet} As at 31 March 2024 2024 NOTE Currènt Assets Cash at Bank & in Hand 11,432 11.432 Current Liabilities Amount falling due to one year Creditors & Accruals 3,492 NET CURRENT ASSETS I ILIA8ILITIESI 7.940 TOTAL ASSETS LESS CURRENT LIABILITIES 7.940 FUNOS.. Brought Forward 39,299 ExcessllDeficitl ol income ov&1 expenditure 31,359 Total Funds 7,940 The finanoal staletnents were approved by the Exe¢ub"vo Cornmiltee and signed on their behalf.. Mr Abdul Motlib {Chaiipersonl Date.. The Notes on pages 10 to 12 form part of the financial Statements. Page 100112
JUNNURAIN EDUCATION & CULTURAL TRUST FOR THE YEAR ENDED 31 MARCH 2024 NOTES TO THE ACCOUNTS 1. ACCOUNTING POLICIES a. Basts of Accounting Basis of accounting The Finanaal Statements have been ppared under the historical eosl ¢onvention. as modified by the revaluation of rtain fixed assets and Investtnents measured at market value. The Financial Slalements have been prepared in accordance with the Financial Reporting Standard lor Smaller Entities (effective January 20151. and the requirements ofAccounting and Reporting by Charitie5'. Statement of Recommended Practice applicable to charities preparing their accounts In accordance wlh the Financial Reportin9 Standard for Smaller Entib"es leffects've January 20151 ISORP 20151. b. Grants Revenue grants are credited to the In¢ome and Expen¢Jiture aecount on a receivablé basis. c. Donations Donation are recorded on a receipt basis. d. Incomlng Resourte Voluntary incorne anrt donations are included in incoming re50urTrs when Ihey are iec&vable, except when the donors speufy that they rnusl be used in future accounting periods or donor5. conditions have not been fulfilled, then the Incorne 15 deferred. The income from fundraising ventures is shown gross. with the associated costs Included in fundraising costs. e. Resources E¥pended Resources expended are induded in the Statèmènt of Financial Acts"vitie5 on aral$ basis, inclusive ol any VAT that cannot be recovered. Expenditure that is directly attributablp to speufic 3ctivilies has been Included in these cost Categories. Wherp c05t5 are allribulable to more than one 3Ctivily. they have been apportioned acf05S the cost categories on a t)asis ¢onsistent wth the use of thos8 resources. f. G04ng Concern Basis The financial statements have been prepared on the going concem ba515, as in the opinion ol the trustees, there are no issues arising which would suggest any ottter basis as besng more approlate. g. AdminlstratÉon Costs Administration expenditure indudEs all expenditure not direcvy related lo the charitable activity. h. Taxation As a charity, they a exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or $256 of the Taxation ol Chargeable Gains Act 1992 to the extent that these are applied to its charitable trbjecls. No tax charges have arisen in the Charity. i. Depreciation= Depreciation is calculated 50 a5 to write off the cost ol an asset. le55 Its estimated residual value, over ihe useful economic life ol that asset a5 follows". Fixlure, Fitting and Equipm8nl' 15 % on Reducing Balance method Page 110112
JUNNURAIN EDUCATION & CULTURAL TRUST FOR THE YEAR ENDED 31 MARCH 2024 NOTES TO THE ACCOUNTS Net Surplus of the Finanelal Year The excess of expenditure over income 15 Stated arter charging.. 2024 Accountsnts, rernunerabon 400 Creditors and Acruals Interest Fie¢ Loan Accountancy 1,892 1,600 3.492 Fund$lCapitsl 2024 8alanGe at 31 March 2023 39,299 Balance at 1 April 2023 39,299 Excessl (Deficitl ol Income over Expenditure -31.359 Balance at 31 Marr.h 2024 7,940 Page 120112