CONFEDERATION OF BANGLADESHI ORGANISATION8 ICBO) LIMITED (A company Slmlted by guarantee and not havlng a Share Capltal) FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024 Pag8 Legal and Administrative Informatlon Management Committee's Annual Report 2to6 Ind8pendent Exarninerfs Report statement of Flnanclal Acttvltl88 Balan¢e Sheet 9 arKI 10 Notes to the Financial Statements 11to18
CONFEDERATION OF BANGLADESHI ORGANISATIONS (CBO) LIMITED LEGAL AND ADMINISTRATIVE INFORMATION Names of Direclors, who are also known as the Trustees, for the purpo88s of the Charity Law.. ChaiMn Muhamrnad Abdul Hannan Deputy Chairman Muhammad Abdul Kahar Treasur8r Abdul Qaum Assistant Treasurer Mohammed Abdul Subhan Secretary Achaman Ullah CHIEF EXECUTIVE OFFICER Shabud Ullah REGISTERED CHARITY NUMBER: 1145333 REGISTERED COMPANY NUMBER.. 07705011 REGISTERED OFFICE,. Gre8ts Green Resource Centre Ha00d Streel West Bromwi(*) West Midlands B70 9JF INDEPENDENT EXAMINER.. Klrsty Jackson FCCA ACA JW Hinks LLP Chartered Accountsnts and Registered Audltors 19 Highfield Road Edgbaston Blrmlroham 815 3BH BANKERS: CAF Bank 25 Kings Hill Avenue Kings Hill West Malling Kent ME19 4JQ The Co-OperatSve Bank PIC POBox250 Skelmersdale WN8 6wr
CONFEDERATION OF BANGLADESHI ORGANISATIONS (CBO) LIMITED MANAGEMENT COMMITTEE'S ANNUAL REPORT FQR THE YEAR ENDED 31 MARCH 2024 The Trustees who are also Dlreotors of the Charity for the purposes of the Companles Act 2006, present their report with Ihe financi81 statement$ of Ihe Charhty for the year ended 31 March 2024, The Trustees have adopt8d the provisions ofAccounting and Reporting by Charities .' Slaternent of Recommended Practice applicable to Charities preparing their accounts in a¢¢ordan¢e wllh Ihe Financial Reporting Standard applicabl8 in Ihe UK and Republic of Ireland (FRS 102) (effectlve 1 January 2015), STRUCTURE, GOVERNANCE AND MANAGEMENT OF THE ASSOCIATION Confederation of Bangladeshl Organls8tions, a community and voluntary organisalion, was flrsl established in 1985 under a constitutional document as an umbrella for Bangladeshi Organisations In the Metropolitan Borough of Sandwell to provlde 8 collectlV8 voice for communicating community need and provlding representation. In Aprll 1993 the organlsation became a registered charity. On 14 July 2011. the organisation formed a company known 8s Confederation of Bangladeshi Organisations (CBO} Limited {'CBO'). On 1 April 2012, operations comrnenced through this Llmited Company. The Charlty Is governed by ils Memorandum and Articles of Associatlon. OBJECTIVES To promote the benefit of the inhabitants of Sandwell, with particular attention to a¢¢ommodatlng the charitable needs of individuals of Bangladeshl descent, by: a) Advancing education; b> Rellevlng need, hardship and distress,. and c) Relieving or preventing povety To promote for the beneflt of the Inhabitants of Sandw811 and the surrounding area the provision of facilities for recreation or other lelsure time occupation of indlvlduals who havè need ol such f8cllltles by reason of théir youth, a9e, infirmity or disablement, financial hardship or social and economic ¢ircumstances or for the public at large in th8 interests of social welfare and with the objoct of improving th8 condition of life of the said inhabiiants. To develop the capaclty and skllls of the members of the socially disadvantaged Community of the Borough of Sandwell Sn such a way that they are better able identlfy and help meet thelr heeds and to participato more fully society,, To promote such other charitable pUoseS as ar6 excluslvely charltable under the laws of England and Wales as may be determined by the truslees. ACHIEVEMENTS AND PERFORMANCE Key achlevements 2023-2024 CBO 1$ continulng to provlde the vllal servlces to our communities in the current dlfficult and competitive environm6nt faced with many challenges including funding and rise in demand and expectations. We are also very proud of our one stop shop holistlc approach aiming to provlde a wraparound service f¢r famili8S. As well as providlng physical space and resources as a ¢ommunlty hub. The Confederation of Bangladeshi Organisatlons Is all about maklng sure people receive great services, rneeting community n88ds and h81ping people lo achieve their aspirations. W8 will build upon our tra¢k record and learn as we go sometlmes w8 need lo innovate and come up wilh new solulion8, at other times tried and tested methods wlll continue to be 8mployed. Our aspiratlon is to grow and dlverskfy $ervice5- to build our expertlse, develop our community reach and to expand our services lo the benefit of Ihe people and communlties we s8Nè. (continued>
CONFEDERATION OF BANGLADESHI ORGANISATIONS (CBO) LIMITED MANAGEMENT COmMIEE's ANNUAL REPORT (contlnued) In order to do this we need to 8nsure that we have a solid foundatlon - that our structure and governance continue to be strong and that we develop our stsff to meet the challenges of the future. Our 3 key strategic objectives,. Dellverlng great Servlcos Innovatlon and Growth Ensurlng Confèdèratlon of Bangladeshl Organlsatlons contlnues to be strong and eff•ctiv•. Our programmes activities included; J Early years- Nursery provisions. i Educalion & lifelong learning. U Employment & enterprise, O Anli-poverty - Welfare rlghts. Infomiation. advlce & guidance. Health & wellbeing. U Young people seNices, Family Support Servlces. Citizenship & cohesion. So¢ial enterprise ar)d sustainability Surnmary of key achievements include. Soclal Ent•rprlselSustalnabillty CBO recognises there are challenging times ahead for voluntary and community organisations end at the same time demand on our services are increasing and avallabillty of funding and r6sources are reducing. Working in partnership with key p2rtf]ers and stakeholders Including Sandwèll MBC, CBO is developing a self-sustainabilily strategy and we are pleased to secure planning approval to develop the land at the re8r of Greels Green Resource Centre and once developed It will generate sustalnable regu18r income for CBO which will be re-invested back into the communlty for charitable purposes. Communlty As$el Transfer In recognition of CBQ'S achievements and meeting Sandwell Council's corporate obJective plan we are very dellghted wlth the oenerosity of Sandwell Council to award CBO a 99 year lease of Greets Green Resour¢es Cenlre and surrounding lands on a renl free basis. Sandwell Council is one of our key partner and stakeholder and CBO will continuè to d8v8lop Ènd enhance partnership working to beneflt the local residents. Embedded Improvgd IT Infrastructure Successfully secured 8dditional extemal funding to irnprove and enhance the existing IT infrastructure at CBO whlch enabled our staff to support our clients rernolely as well as able to deliver services from outreach vantur8S. Improved outdoor facllltles Gre8ts Green Resources Centre is able to offer a wide range of outdoor sporting and recreational facililies for all sections of the community including: Children play area, MUGA (Multi-use Games Are8), Outdoor gym and communty garden arèa where people can grow Iheir own vegetablos and socialise. Bulldlng Brlghter Futures (BBF}- 5 years funding from The National Lottery Communlty Fund Succ8ssfully delivered the 4th year of the BBF project. The aim of the project is to bring isolated BME Gommunilies together and build strong reL4lionships in and 8cro88 comrnunitSes. Activities provided range from social. r8crealional, health acttvities to advice, training and focused inteNentlons offering a holistic approach. (continued)
CONFEDERATION OF BANGLADESHI ORGANISATIONS (CBO) LIMITED MANAGEMENT COMMITTEES, REPORT Icontlnued) Caro Sorvlces - AdvlGe Programl Communlty Development Fo¢using on welfare to work our multl- dls¢lpline team support most vulnerable and hard to reach famllies to ensure they are supported to secure their entltlement and those able lo work are supported to improve skills and Uliimately take control of their lives through securing employmenl so take positive steps out of the Cycle of deprivations. Our advice team secured £1,2m in confirmed benefrts this equates to an £18 Increase in income lor local resldents for each £1 of funding. Due to our poslllve reputation in the communlty w6 are seelng clients from diverse backgrounds and only 420/0 are from Bangladeshi origin. Looking ahead the biggesl challenge will be the impact of the cost.of.living ¢risis in particular those are already Sn poverty will be worse off. We will be working with key partners and stakeholder lo support local residents. 8udgeting and supporting clients lo be more resillent will enable us lo overcome the challenges. Green Garden Communlty Nursery Our Nurs8ry provision k8 growing from strenglh lo strength, New Nursery provisions Is anolher success of CBO'S ability to diversfy and meet the changing demand and needs of the local comrnunlty. Green Garden Nursery is registered with OFSTED and providing addltlonal serV&S complimenting th8 8XlSting GGRC servSces. As well as meeting the growlng need our Nursery is generating income whlch Is re-lnvested in delivering our oore servlces. Transformlng Gr••t$ Green Resource Cèntr• Into one stop shoplcommunlty Hub Resource centr8, Play arealMUGPJOutdoor Gymlcommunity Garden area provlsions - family centred provisionslfacilities. newbuild Nursery Implementatlon and embeddlng thematic approach to servlc• dallv•ry Focusing on Anti-povertylAdvic8 and Community Development with etho$ of wglfare to work. Extemal recognltlon through partnership and Gollath)rative working Malntalned quallty mark$ Ineludln9', Matrix OISC exemptlon OFSTED PQASSO FINANCIAL REVIEW ReseThve Management Pollcy Puose. To empower the Confederalion of Bangladeshi Organisations to perform reserve management for the purpose of meeting the aro8s of need and to initiate appropriate solutlons for development. Scope: Voluntary organl$atlons always flnd dlfficulties with sustainable core funding and innovative ideas. Many fijnders wlll only fvnd projects and bear some administration cost. Reserves can be u8ed on any 8ntlty. programme, projects or activities wllhin the Confederation of Bangladeshi Organisations. (continued)
CONFEDERATION OF BANGLADESHI ORGANISATIONS {CBO) LIMITED MANAGEMENT COMMITTEES, REPORT (¢ontlnued) Reservè poll¢y: The Confederations of Bangladeshl Organlsatlons Is commltted to sustalnable development and management practices to support and enhance our activiti8s and ideas in all areas of our organisation. We will ensure reserve management is an integral part of our decision making processes. Our policy is lo mainlain free reserves of beikneen 3 and 6 months of unrestricted expendltura. The balance 8t 31 M8r¢h 2024 of unrestricted reserves was £58.371 which is in line with the policy. To achieve this policy we will adopt a struclured managemenl approach to minimise adverse outGomes in all our actlvitles. particularly in safeguar(Jing the well being of our organisation. We will identify and take advantage of opportunlties as well as minimising adverse effects. Deslgnated Funds: The Designated Funds are held wlth the purpose of: (a) {b) {G) Purchase of 8 - 10 Carters Green. Growth and Sustainabiliiy Fund. Land held for developmenl at Wood Lane. Rastrfct6d Funds: The Restricted Funds are held with specffic restrictlons put in place on each separate one held. Further details of thase can be found in nole 1 (i). Responslbllltles: The Chief Executive Officer is accountable to the Management Commlttee In particular to the Treasurer for the implementation of the reserve policy. However, all Programme Leads of th8 organlsatlon are responslble for managing budgets in their own activities. It is the responsibilty of 8ach Programme Lèad to ensure that reseNe rnanagement is undertaken 8t the beginning of every project or as new areas of 0ratiOn are initiated, Process: A systèmatic reserve manag8rnent process will include 8slabllshlng the need. identifying reserves, assessing risks. treating rfsks and ongoing moniiorlng and evalualion. Monftorfng and Revlow: The Management Committee will monitor and review the implementation of the reserve management, The Chief Executive Officer will facilttale the implementatlon of the reserve management and report on Its Implernentatlon. Risk Management Pollcy Purposo: To empower the Confederation of Bangladeshi Org8nis81ion8 to perform periodic risk assessments for the purpos8 of determining areas of vulnerability and to initiate appropriate solutions. Scope: Risk Management can be conducted on any entity programme. projects or aclivities within the Confederation of Bangladeshi Organisatlons. Poll¢y: The Confederation of Bangladeshl Organisations is committed to good risk management practices lo support and enhance our activities in all areas of our organisation. We will ensure risk management is an Integral part of our declslon making processes. To achieve this policy w8 will adopt a structures risk management approach to minimise adver68 Outcomes in all our aclivities, partlcularfy in safeguardlng the health, safety and well being of our members. volunteers and general public, We will identify and take advantage of opportunities as well a8 minimising adverse effects. (continued)
CONFEDERATION OF BANGLADESHI ORGANISATIONS (CBO) LIMITED MANAGEMENT COMMITTEES, REPORT (contlnued) RlskslThreats to the Organl$atlon: Failure to attract new members or retain members,, Fallure to observe relevant leglslatlon or the Constltution in administratlon of the organisation; Fallure to generate adequate funds to support progr8mmes,' Over-commitment of the Organlsatlon to high cost projects: Failure to observe safe work practices on communlty proleds, endangering members, olher volunteers or the general public,, Failure to observe relevant leglslation in the pro9rommes run by the Organisation. Counleractlng Rlsksrrhreats to the Organl8atlon: Well struclur8d, strateglc oblectlve. policy and management lead services,. Acting as a window of opportunty towards empowering the community to t8ke rational actlon; Introduction of the organic regeneration concepts and strategies; Introductlon of dlversily. cohesion and inclusion In services dellvery,. strengthenlng local p80ple's control over their local Improvement plan,, Influencing building a su8tainabl8 and vibrant local communitylseetor., Joining together community bssed and mainstream servlc88', Greater p8rtnerships wlth mainstream providers,. Encouraglng greater Actlve Cilizenship and communty self confidence. Movlng forward systernatlcally to tackle lo¢al deprivation. Funds Funds held at 31 March 2024 were as fDIIows.'_ Unrestric18d funds Desi9nated funds Restrfcled funds £58,371 £596,478 £58,267 Indèpendent Examlner JW Hlnks LLP have expressed thelr wlllingness to continu8 in office as independ8nt examiner and a resolution to re-8ppoSnt them wlll be proposed at the forthcoming Annual General Meetlng. On Behalf of the Management Committee Muhammad Abdul Hannan Chalrman 51+k Aus(f& aolp 'dat8'
CONFeDERATION OF BANGLAOESHI ORGANISATIONS (CBO) LIMITED INDEPENDENT EXAPJIINER'S REPORT TO THE TRUSTEES I reportto the charity Iruste8s on my 8xamination ofthe accounts ofthe Companyforthe year ended 31 March 2024 whlch are set out on pages 7 to 18. Re$pectlve and basls of Report As the trustees of the company (and are also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requlrements of the Companl8s Act 2006 {'the 2006 Act,). Having salisf18d myself thal the accounts of the company are not requlred lo be audlted under Part 16 of the 2006 Act and are eligible for independent examinallon. I report In respect of my 8xamination of your company's accounts as carried out under section 145 of the Chariti88 Act 2011 {'th8 2011 Act,). In ¢arrying out my examination I hava followed the Directions giv8n by the Charity Commission under section 145(5){b> of thè 2011 Act. Ind•pendtnt Exomlner's Statement I conflrm that l am quallfied to undertake the examlnatlon because l arn 8 member ofthe Institute of Chartered Accountants England and Wales, I have completed my examlnation. I confirm that no matt8rs have come to my attention In connectlon with Ihe examination giving me cause to believe that in any materlal respect.. accounting records were not kept in respect of the company as requlred by section 386 Df the 2006 Act: or Ihe accounts do not accord with those records,. or the accounts do not comply wlth thè accountlng requlrements of Sectlon 396 of the 2006 Act other than any rèquirement thal Ihe accounts give a Yrue and f8lr vlew, whlch 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 statement of Recommended Practice for 8¢¢ounting and porting by ch8rities applicable to charities preparing thelr accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). I have no concerns and hav8 com8 across no other matters In connection with the exarnination to which attention should be drawn in this report in order to enable a proper und8rstanding of the accounls to be reached. Klrsty Jackson FCCA ACA JW HINKS LLP Charlered Accountants and Registered Audltors 19 Highfield Road Edgbaston Birmingham 'dale'
CONFEDERATION OF BANGLADESHI ORGANISATIONS ICBOI LIMITED STATEMENT OF FINANCIAL ACTIVITIES - YEAR ENDED 31 MARCH 2024 Oeslgnatod Unrestrlctsd R8Strlctèd Total Total 2023 Funds Funds INCOMING RESOURCES Incoming resources from genersted funds., Grants and funding (Note 2) Funds 184,987 72,925 257,912 286,786 Incoming resources from income generation: Rental income Nursery income Interest received 12,980 71.281 10,291 12,980 71,281 10,291 18.649 $3.347 2.445 TOTAL INCOMING RESOURCES 279.539 72,925 352,464 361.227 RESOURCES EXPENDED Charitable Actlvllles,. Salaries and National Insurance (Note 4) Travelling Sèsslonal work8rs Rales and water Light and heat Insurance Communal Garden Lineng, Tèlephone and internet Printing, postage and stationery Repasrs and renewals Events, trips and activilie8 Professional and consulting feps Sundrios and deaning Equipment Independent Examln8rf8 fee Payroll fees Registration, a¢cr8ditation, and trainlng fee8 Depreciation of improvements to propety Depre¢l81ion of fr8ehold property 10,000 90,330 79,454 600 3,480 169,784 600 3,605 1,063 5,058 1.680 1,599 3,160 4,628 11,931 18,779 16.623 1,435 1.566 2,280 486 953 15,627 10,000 189,355 600 1,913 663 4,033 1,937 5.069 2,804 2,780 6,034 17,905 3,700 1.285 8.242 2.220 277 634 15.627 10.000 125 1,063 2,529 1,120 1.599 2,529 560 3,160 694 1,337 13,130 3,934 10,594 5.649 16,623 718 915 1,520 243 953 1.344 717 651 760 243 14,283 TOTAL RESOURCES EXPENDED 10.000 139.259 121,598 270,857 275.078 NET INCOMINGI(OUTGOING) RESOURCES {10,000> 140,280 (48,673) 81,607 86.149 TRANSFERS BETWEEN FUNDS 161,479 (161.479} NET MOVEMENT IN FUNDS 151,479 (21,199) 148,673) 81,607 86,149 FUNDS BROUGHT FORWARD 444,999 79.570 106,940 631,509 545.360 FUNDS CARRIED FORWARD 596,478 58,371 58,267 713,116 631.509 The notes on pages 11 to 18 form part of these financial statements. There were no recognised galns or losses oth8r than those shown In the statement of financial actlvltl8s. There were no discontinued operatlons during the above financlal year.
CONFEDERATION OF BANGLADESHI ORGANISATIONS (CBO) LIMITED BALANCE SHEET AS AT 31 MARCH 2024- COMPANY NUMBER 7705011 2024 2023 FIXED ASSETS 309,954 234,102 CURRENT ASSETS Debtors and prepayments Bank balance 1.679 434,959 406,172 406,172 436,638 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Creditors 3,010 39,231 NET CURRENT ASSETS 403.162 397,407 713,116 631.509 NET ASSErs £713,116 £ 631,509 FUNDS Restricted Funds Unrestrl¢ted Funds Designated Funds 10 58,267 58,371 596.478 106,940 79,570 444,999 £713.116 £631,509 The Charltable company Is entitled to exemplion from audit under Section 477 of the Cornpanies Act 2006 for Ihe year ended 31 March 2024. The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006. The directors acknowledge their responsibililies for- la} ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and (b) preparing financlal Statements which give a true and fair view of the stato of affairs of the company as at the end of each financial year and of its profft or loss for each financial year in accordanc8 with the reqUIrentS of Sections 394 and 395 and which otherwise Comp with th8 r8qulrèmenls of the Companles Act 2006 relating to financlal statem8nts, $0 far a$ appll¢able to the company. (continued)
CONFEDERATION OF 8ANGLADESHI ORGANISATIONS (CBO) LIMITED BALANCE SHEET AS AT 31 MARCH 2024 (conllnued) - COMPANY NUMBER 7705011 These financial statements have be8n prèpared In accordance wlth the speclal provlslong of Part 15 of the Companies Act 2006 relatlng to small Charitabl• companies. Th8 Flnanclal Statements were approved on bahall of the Management Commlttee on ' signed on Its behalf by: 4 4Jtr tra014 date ' and were ABDUL QAUM Treasurer ACHAMAN ULLAH Secretary The notes on pages 10 to 18 form part of these financial statements 10-
CONFEDERATION OF BANGLADESHI ORGANISATIONS {CBO) LIMITED NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024 1. ACCOUNTING POLICIES (a) Basls of preparlng1he financial statements The financial statements of thé charitable organisation, whlch Is a public benefft entity under FRS 102, have been prepared in accordanc8 Wlth the Charlties SORP {FRS 102) 'A¢Gounting end Reportlng by Charltles . Statement of Recommended Practice applicable to charities prèparing thelr accounts in 8ccord8nce with the Financlal Reporting Standard applicable in the UK and Republic of Ireland (FRS) (effective 1 January 2015)., Financial Reporting Standard 102, The Financial Reporting Standard appllcable In the UK and Republic of Ireland, and the Charities Act 2011. The financial statem8nts have been prepar8d under the historical cost conventlon. Flnanclal Reportlng Standard 102 - Reduced Dlsclosure Exomptlons The charlty has taken advantage of the following disclosure 8xemption in preparing these financkl statements, as permltted by FRS 102 The Financial Reporting St8nd8rd applicable in Ihe UK and Republic of Ireland,: the requirèments of Section 7 Statement of Cash Flows. (b) Flxod assèts and deprèclatlon Fixed assets are initially recorded at cost. Grants ceiVed In respect of fixed assets are matched agalnst cosl In the year of acqulsition. Depreciation is provided for all langible fixed assets at rates calculated to write off the cost on a slralghl line basis over thelr expected useful economk Ilve$ as follows: Offe fumtture ar¥J equlpment Property improvemenls of Greets Gre8n Centre Freehold property Land 33Y• stralght line method 100/0 straight Ilne method 40/0 Straht line method Not depreclaled {c) Incoming resources Grants receivable are accounted ft)r in th8 year in which the Charity is entitled to recelpt. (d) Resour8 expended Exptsnditure is induded in the financial statements on an accruals basis. Irrecoverable VAT Is Charged to the Statement of Financial Actlvities {SOFA) 8$ incurred. (e) Restrl¢ted funds Restficted funds ar8 used for speclfic purposes laid down by Ihe Donor. Expenditure which meets these criteria is charged to the fund together with a fair allocation of the management and support costs. (fj De8lgnated funds The designated funds are held with th8 purpose of: 8) purchase of 8 -10 C8rters Green b) refvrblshment of the Greets Green Resource Centre for tho benefft of the Community c) Bulldlng of Sorts and Community Hall d) New Land Purchased for Development Ig) Op•rating lease rentals Rentals payable under operdting leases are Charged against incomè on a straight line basls over the 188se lerm (h) Penslon Pénsion payments to deflned Contributlon benèfit schernes are charges as an expense as they fall due. (continued) 11
CONFEDERATION OF BANGLADESHI ORGANISATIONS IC80) LIMITED NOTES TO THE FINANCIAL STATEMENTS (contlnuedl YEAR ENDED 31 MARCH 2024 Purpose of fundlng CBO is a charfty régistered communlty org8nisalion dependent on grant aid obtained mainly from Local Authonty as well as a number of other sources. Funds are based on successful proposals to deliv8r Services identifd by the Organisation and the people it serves. The purpose of funds received during the year are a$ follows.. NATIONAL LOThERY COMMUNITY FUND {NLCF}: Awards For All Funding towards development of communlty garden at the rear of Graets Green Resour Centre. BBF - Bulldlng Brlghtér Futures BBF compliments the exysting 8eNlceg al the Greets Green Resource Centre and cre8te a 'one-stop shop, for the diverse community. The aims ofthè project are to bring isolated BME communitres logether and bulld strong relationships in and across communities. Activities provided range from soclal, recrealional, health activities to advi, training and focused intervenfjons offering a holistic approach. Bulldlng Bettor Opportunltlès - BBO Brldges - in partnershlp with Sandwell Consortium and Steps to Work and jointly funded by European Soci81 Fund and Big Lottery Fd CBO is deliv8ring employabillty sarvices targeting unemployed people aged 25 years and over living in Sandwell and Black Country-wide Famlty Matters - In partnership with Sandwell Consortium and Black Country Togèthèr and Jointly ftjnded by European Social Fund and Big Lottery Fund C80 is delivering fami]y support and 8mployability courses targeting unemployed people living in Sandwell and Bla¢k Counlry-wde Multlpty- Government funded program to help adult imFrfove their numeracy skills. Apprentlceshlp grant - Govemment employer incentive grant SANDWELL METROPOLITAN BOROUGH COUNCIL (SMBC): Cora FundlnglAdvlco- funds the Advice, Information and Welfare Right8 Programme delivering quality advice on a wide range of areas including., weffare benefits. Immigration, natlonality, housing, debt and other generali8t acfvice. Hollday play s¢h¢m•- funded to deliver the holiday club during the holiday period for the young ¢hildren. Better Health Programme - funded by Sandwell publSc health towards the delivery of health-related activities. SHIP tsandwell Heafth Inequalitles Programme- Health and wellbeing program addr8ssing health InequalitlÈs affecting residents of Sandwell. CATS - Community Actlng Together- Project targetlng disadvantsggd communlties In Sandwell around community engagement and volunteering, COLTS- Cosl of Llvlng Communitlè$ Prol•d- Outreach Cost of Ilving support program for Sandwell Resldents. SLN- Sandwell Leamlng Network- funding towards delivery of ESOL and language courses. Kl¢kstart Program- Government funded scheme through Sandwell Council to provide work placement lor long term unemployed aged 16-24 years on Universal Credit. CRF S0+ - Employability project targeting 50+ CRF - Innovatlon grant- funding towards purchase of IT equipment to suppjrt 50+ Healthy Lifestyle - Health and wellbeing actlvltl8S targeting BME women. Cllmat¢ Change Grant- Energy saving grants around climate ch8nge. Esol Gourse paymonts - Fundlng towards language courses. SmalL PYoJectslMlsc- Funding In respect of Publlc Health Questtonnairés. SMBC Reach and Connect- Funding for Health and Dlgltsl Literacy projeds. SMBC- Advlee for Severe Mental Illnes$ {SMII- A pilot project provldlng advice lo Sandwell residents who have be8n dlagnosed with SMI. (continued) 12-
CONFEDERATION OF BANGLADESHI ORGANISATIONS (C80} LIMITED NOTES TO THE FINANCIAL STATEMENTS (contlnued) YEAR ENDED 31 MARCH 2024 GRANTS AND FUNDING 2024 2023 Restrfcted: National Lottery Community Fund: Bullding Brlghter Futures 72,925 98.075 £ 72.925 £ 98.075 Unrestricted: National Lottery Community Fund: - Better Building Opportunities- Bn'dges Better Building Opportunities - Family Matters SMBC - Holiday Play Scheme Grant SMBC - Core fundinglweffare rights SMBC - (Sandwell Consortium) Sandwell Learning Netsvork SMBC - (Sandwell Consortium) CRF SO+ SMBC - (Sandwell Consortium) Innovation Grant SMBC - (Sandw811 Consortium) CATS 23,394 SMBC - {Sandwell Consortium) COLTS 15,664 SMBC- {Sandwell Consortium) Multlply 5.213 SMBC- (Santhvell Consortium) QBC Ikense relmbursement 132 SMBC - Sandwell (Consortium) Advice for Severe Mental Illness SMBC - (Sandwell Consortium) SHIP {Sandwell Heallh Inequalities Programme) SMBC - {Sandwell Consor1ium)-Esol Course Grant SMBC- {Sandwèll Consortium}- Small ProleclsiMi8c SMBC- {Sandwell Consortium) Better Mentsl Health Questlonn8lTes SMBC - Reach and Reconnect SMBC Kick Stsrt Employment SMBC Healthy Lrfestyle SVCO- Climate Grant SVCO- Celebration Event SVCO - Microgrant for Digital Survey Apprenticeship grant 7.503 33,907 21,434 9,118 65.898 8.250 69.193 12,180 6,150 8,298 4.995 9,250 13,654 14.529 1,213 2,000 2,500 705 14,721 10,093 4,950 2,3 500 228 1,900 3,736 £ 184.987 £ 188.711 TOTAL GRANTS £ 257.912 £ 286.786 {¢ontlnuedl 13-
CONFEDERATION OF BANGLADESHI ORGANISATIONS (CBO) LIMITED NOTES TO THE FINANCIAL STATEMENTS (continued) - YEAR ENDED 31 MARCH 2024 TAXATION The organisation is a registered charity and accordingly Is exempt from taxatlon on Its Income and galns where they are applled for charfiable purposes. ANALYSIS OF EMPLOYEE COSTS 2024 2023 Salaries Soc181 Securty costs Pensions Gosts 162,242 4,888 2,654 180,951 5,571 2.833 £ 169,784 £ 189.355 No employee recelved emoluments of over £60.000 durfng the year, The average number of full time equr81ent employees f(* the year was 11 (2023 .. 13). RESOURCES EXPENDED The resources expended by the charlty IncSude.' 2024 2023 Independ8nt Examinerfs fee Depreciation 2,280 25,627 2,220 25,627 (continued) 14-
CONFEDERATION OF BANGLADESHI ORGANISATIONS {CBO) LIMITED NOTES TO THE FINANCIAL STATEMENTS (contlNied) - YEAR ENDED 31 MARCH 2024 FIXED ASSETS Land 1 Wood street FT••hold Property 8.10 Cart•r8 Greon Offlce furnlture and equipment Propèrty Improvements Grg•ts Green Centre Totsl As at 1 Aprll 2023 250,000 12,211 199,789 462,000 Additions Dlsposals 101,479 101.479 As at 31 March 2024 101,479 250,000 12,211 199.789 563,479 DEPRECIATION As at 1 April 2023 Charge for the year Eliminated on disposal 90,000 9,523 128.375 227,898 10,000 1,344 14,283 25,627 As at 31 March 2024 100,000 10,867 142,658 253,525 NET BOOK VALUE As at 31 March 2024 101,479 150.000 1,344 57,131 309,954 As at 31 March 2023 160.000 2,688 71,414 234,102 SUMMARY OF NET ASSETS BY FUND Re$trlcted Funds Unr08trlcted Funds D•slgnated Funds Total Fixed assets 58,475 251,479 344,999 309,954 406,172 {3.010) Current assets Current118bllltles 61,173 {2.802) (208) Net assets 58,371 58,371 596,478 713,116 (continued) 15-
CONFEDERATION OF BANGLADESHI ORGANISATIONS (CBO) LIMITED NOTES TO THE FINANCIAL STATEMENTS l¢ontlnued) - YEAR ENDED 31 MARCH 2024 DEBTORS AND PREPAYMENTS 2024 2023 Debtors and prepaid 8xpenses 1.697 CREDITORS: Arnounts falling due wllhln one year Accnjals Social Security and other Lgxes Deferred Income 3,010 2,535 1,271 35,425 Due wlthln one year £3.010 £ 39,231 10. RESTRICTED FUNDS At Incomlng Outgolng At 01.04,23 Resourc05 Rosourc08 Transfers31.03.24 NLCF - Bulldlng Brighter Fulures 35,525 72,925 (107.315) 1.135 Flxed Asset- Leamlng Hub.. Sandwell Ewly Y8ar8- Nursery Capltal 13,917 Veolia Environmenlal Trust 37.498 Enovert Communlty Trust 20.000 {2,783) {7,5) {4,000) 11.134 29,998 16,000 106.940 72,92S (121,598) 58.267 Fixed Asset- Leamiro Hub expenditur8 has been caplialised and depreciated over 10 years. (contlnued) 16-
CONFEDERATION OF BANGL4DE8HI ORGANISATIONS (CBO) LIMITED NOTES TO THE FINANCIAL STATEMENTS (contlnuedl - YEAR ENDED 31 MARCH 2024 11. DESIGNATED FUNDS At Incomlng Outgolng At 01.04.23 Resources Resourc6s Tran4fers31.03.24 Buildlng Fund - 8 -10 Carters Green 144,999 110,000) 134,999 Growth and Sustainablllty Fund 300,000 60,000 360,000 Land at 1 Wood Lane 101,479 101,479 444,999 (10,000) 161,479 596,478 The refurblshment of Greet8 Green Resource Centre was carried out in previous years at 8 cost of £56,959. This amount is written off over the 10 year3 of the lease of the property at that time. Inline with CBO'S gelf-sustaln8billty objectivès thls fund is (Trated specifically to invest to g8n8rate and dlversify income and financial stability. At a tirne of polltlcal end economic Instability. it's Imperatlve for charities to be financlally suslainable in thè long terrn and therefore this fund will enable CBO to continue with its ¢haritable objects and deal wlth Increasingly volatile financial environments. Land 8t 1 Wood Lane is for Ihe Development of apartments for the purpos8 of incom8 generation for the charity. 12. RESTRICTED FUNDS (COMPARATIVE) Al Incomlng Outgolng At 01.04.22 Resources Re8ourcfr$ Transfers 31.03.23 National Lottery Community Fund.. NFCL- Bulldlng Brlghler Fulures 21.160 98.075 {83,7101 35,525 Flxed Assel Learnlng Hub: Sandwell Early Years - Nur88ry Capital 16,700 (2,7831 13.917 Veolla Envlrorsment81 Trust Enovert Community Trust 44,998 24,000 (7.500) (4,0001 37,498 20,000 106,858 98.075 (97,9931 106,940 13. DESIGNATED FUNDS (COMPARATIVE) At Incomlng Outgolng At 01.0422 Resources Resources Trnnsfèrs 31.03.23 Building Fund- 8 -10 Carters Green 154,999 (10,000) 144,999 Growth and Sustainability Fund 200,000 100,000 300.000 354.999 (10.000) 100,000 444,999 (continued) 17
CONFEDERATION OF BANGLADESHI ORGANISATIONS (CBO) LIMITED NOTES TO THE FINANCIAL STATEMENTS (contlnued) . YEAR ENDED 31 MARCH 2024 14. MANAGEMENT COMMJrrEE'S REMUNERATION No remuneration directly or Indlrectly, OLrt of the funds, was paid or ig payable for the year to any Management Committee member or to any person (Y persons known to be connected with any of them. No reimbursement of 8xpenses has been made or is due to be made to any of the Management Commiitee in respect of the year. 15. RELATED PARTI TRANSACTIONS Durlng the year, some land was purchased by the charity with the inlenlion to develop from Mr Shabud Ullah. the Chief executive officer. This was purchased at market value, and due diligence was carrled out following advice from the solicitor. 18-