SHAH BA UIBILLAH ORPHANAGE TRUST CHARITY NUMBER.. 1147041 601 BALBOA COURT 5 PEC140RA WAY LONDON E14 7UN REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 APRIL 2024 MHC ACCOUNTANTS LTD Chartered Aecountant 22 Cavell Street, London, El 2HP Phone: 0207 790 0416, Fax: 0207 790 7845 E-mail: mhus5ainOmhcgroup.co.uk SHAH BA UIBILLAH ORPHANAGE TRUST Contents Legal and Administrative Information Trustee's Annual Report Independent Examiner's Report Income and Expenditure Account Balance Sheet Notes forniing part of the Financial Statements 01 02-03 04 05 06 07-08 PAGE-01 SHAH BA UIBILLAH ORPHANAGE TRUST CHARITY NUVIBER: 1147041 al and Administrative Information Trustee$ Mohamined Ahsan Ahmed Ruman Ahmed Shahanaz Begum Shamimur Rahman Bashar Shuara Bashai" istered Office 601 Balboa Court 5 Pechora Way London E147UN Inde endent Examiner MHC Accountants Ltd Chart¢red Accountant 22 Cavell Street London EI 2HP Bankers Natwest Bank PLC Whitech¢ipel Road Branch Black Lion House 45 Whitechapel Road London EI IDU PAGE-02 SHAH BA UIBILLAH ORPHANAGE TRUST TRUSTEES, ANNUAL REPORT TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 APRIL 2024 It is a rcquiremcnt for the trustees to prepare an Income and Expenditure Account and Balance Sheet for each finaiicial year which gives a true aiid sufficieiit view of the stat¢ of affairs of the Organisation and of the result for the year then ended. In prcparing those financial statements, the Th¢ trust¢¢s are r¢quired to.. select suitable accounting policies and then apply them consistenily. make judgements and estimates that are reasonable and prudent. state whether applicable accounting standards have been follow¢d, subject to any material depai'tures disclosed and explained in the financial stat¢m¢nts. d. prepare the financial stat¢in¢nts on thc going concern basis. OBJECTIVES AND ACTIVITIES The objectives of Shah Baquibillah Orphanage Ti'ust are wholly for the public benefit. The pi'incipal aims of the charity are: l. To advance the education of children and young people in Bangladesh by such means as the trustees may fi'om time to time determine. 2. To prevent or relieve poverty in Bangladesh by providin&, grants of financial assistance. items and services to individuals in need. 3. To I'elieve sickne55 and preserve and protect good health among people living7 in Bangladesh by such Ineans as the trustees may from time to tim¢ dctcrmine, 4. Such other chai'itable pui'poses for the public bcnefit as are exclusively charitable according to the laws of England and Wales as the ti'ustees may from tini¢ lo time determine. The trustees are responsible for keeping proper accounting records which disclos¢ with reasonable accuracy at any time the financial position of the organisation aiid enablc them to ensure that the financial statements coinply wRth I'elevant l¢gislation. They are also responsible for safeguarding th¢ assets of the organisation and hence for taking reasonable steps for the prevention and detection of fraud aiid other ii'regularities. PAGE-03 ACHIEVEMENf AND PERFOR]IIANCE Shah Baquibillah Orphanag¢ Trust continues its dedication to serving orphans and running of orphanage in Kulauri Bangladesh. During the period of 29 April 2023 to 28 April 2024 a total amount of £36.456 was transfei'i'ed to Prime Bank Ltd, Kulaura Branch, Moulvibazar, Account number- 22021050001139, First Security Islami Bank Moulvibazar, Account number- 012213100000353, South East Bank Ltd, Kulaiira Branch, Moulvibazar, Account Number- 00121000?1696, Prime Bank Ltd, Kulaura, Account number- 22021050001139, South East Bank Ltd, Kulaura Branch, Moulvibazar. Account Nuinber-0012100022792, Islami Bank Bangladesh Ltd, Kulaura Branch, Moulvibazar, Account number-20502566700289517 to fund the charitable activities in Bangladesh. All chai'itable activities were supervised aiid controlled by the trustees aiid money was spent fi'om that bank account. The main charitable activity during this accounting period was as follows. Financial Suppoit to orphan children for their education Donation to regyistei'ed orphanage to look after the orphan childi'en Every year donated to flood victim in Bangladesh All expenditure carried out in Bangladesh was in line with the policies of the charity and documented accordingly. ENDOWMENT (WAQF) The trustees have negotiated a discounted purchase of a new build property in Northampton as their first asset for the Waqf. This will geiierate long term income for the charity, A dcposit £ I I 0,000 has becn paid and the full payinenl will be made when tlie property will b¢ hand¢d over to ihe charity. The trustees will appeal to the donors and well-wishers to assist in setting up the Wdqf iiiid complete the purchase of the first income gyen¢ratiiig ass¢t of the charity. (Mohammed Ahsan Ahmed) Chaimian PAGE-04 SHAH BA UIBILLAH ORPHANAGE TRUST REPORT OF THE INDEPENDENT EXAMINERS TO EXECUTIVE COMMITTEE The charity's Trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the Charities Act), and that an independent examination is needed. It is my responsibility to: exainine the accounts under section 145(1) of the Charities Act 2011, to follow the procedui'es laid down in the geiieral Directioiis giveii by the Charity Coinmission (under section 145(5)(b) of the 201 l Act), and to state whether particular matters have come to my attention. Basis of inde endent examiner s re ort My examiiiatioii was Lai'ried out in accordaiice with general directioiis given by the Charity Commission. An exainination includes a review ot. 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 or disclosures in the accounts and seeking explanations from the trustees concerning any such matters. The procedur¢s undertaken do not provide all the evidence that would be required in an audit, and consequeiitly no opinion is given as to whethei. the accounts present a 'true and fair, view, and the report is limited to those matters set out in the statement below. Inde endent examiner's statement In coniiection with my examination, no material matter has coine to my attention.. which g7ives m¢ r¢asonabl¢ caus¢ to beli¢ve that in, any malerial respect, Ihe requirements: to keep accounting records in accordance with section 130 of the Charities Act to prcparc accounts wliich accord with tlie accountiiig records and comply with th¢ accounting requirements of the Charities Act have not been met. or 2. to which: in my opinion, attention should b¢ drawn in order to enable a proper understanding of the accounts to be reached. Md Mudabbir Hussain MHC Accountants Ltd Chartered Accouiitants 22 Cavell Street London EI 2HP Date: 1511012024 PAGE-05 SHAH BA UIBILLAH ORPHANAGE TRUST STATEMENT OF COMPREHENSIVE INCOME FOR T14E YEAR FROM 29 APRIL 2023 TO 28 APRIL 2024 2024 2023 NOTES INCOME Donation & Subscription 66,580 83,076 66,580 83,076 LESS: F.XPF,NSF.S Charilable Activities Postage Stationery & Printing Telephone and Fax Accountaiit fees Wages Equipm¢nt ¢xp¢nses Maiiagement fees Advertising and PR 36,456 154 85 40 600 10,917 60,923 272 182 65 600 9,952 949 250 594 Total Expenses 48.846 73,193 EXCESS OF INCOME OVER EXPENDITURE 17,734 9,883 We hereby approve the above accounts and confirm that we have supplied all the information and explanations required for the preparation of these accounts. roved b (Mohammed Ahsan Ahmed) Chairman PAGE-06 SHAH BA UIBILLAH ORPHANAGE TRUST STATEMENT OF FINANCIAL POSITION AS AT 28 APRIL 2024 2024 2023 NOTES FIXED ASSETS Tangible Asscts NIL NIL CURRENT ASSETS Cash at Bank-NatWest Cash in Hand Debtors-Prepayments 76,413 34 I i 0,000 56,762 34 110,000 186,447 166,796 LFSS: CURREwf LIABILITIES Creditoi's- MHC Accouiitants Ltd Creditors- Other Creditors (1,997) (80) NET CURRENT ASSETS 184,450 166.716 TOTAL NET ASSETS 184,450 166,716 REPRESENTED BY: FUNDS Openings Balance Add., Excess of Income over Expenditure 166,716 17,734 156,833 9,883 BALANCE CARRIED FORWARD 184,450 166,716 PAGE-07 SHAH BA UIBILLAH ORPHANAGE TRUST NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 28 APRIL 2024 l. ACCO NTING POLICIES Basis of Accountin The accounts have bcen prepared on the histoi'ic cost Convention. The aLcounts are in accoi'dance with applicable accounting standards, the Charities SORP (FRS 102) (AccountinLy and Reporting by Charities) and comply with the Charities (Accounts and Reports) Regulations 2008 issued under the Charities Act 1993 Donation and Grants Income from donations and gi'ants including capital grants is included in incoming resources when these are receivable, except as follows: Wheii doiioi3 specify that doiiations and grants given to the charity must be used in future accounting periods, the incoiiie is d¢fei'r¢d until those periods. When donors impose conditions. which must be fulfilled before the charity becomes entitled to use such income, the income is deferred and not included in incoining resources until the pre-conditions for use have been met. When donors specify that donations and grants, including capital grants, are for restrict¢d purposes, which do not amount to pre-conditions i-egarding entitlement, this incom¢ is included in incoming resources of restricted funds wheii receivable. enditure All expenditure is included on an accrual basis and is recognised when there is a legFal or constructive obligation to pay t.or expenditure. All costs have been directly attributed to one of the functional cate(rories of resources expeiided. The charity is not registered for VAT and accordingly exp¢nditure is shown gross of irr¢covei'able VAT. 2. Income Income represents money coll¢cted from public. No grants were rec¢ived from any government or any other charity organisation during this period. PAGE-08 SHAH BA UIBILLAH ORPHANAGE TRUST NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 28 APRIL 2024 3. WAGES SALARIES & NI Shah Baquibillah Orphan(Ige Ti"ust has a PAYE (Pay as you earn) Schemc and r¢gist¢red with HMRC as an employ¢r. Net amounts of Wagbes, salaries & Nl payment to offic¢ assistant as an employee of Shall Baquibillah Orphanage Trust.