LONDON BANGLA PRESS CLUB London Bangla Press Club Reglstered Charity No. 1150004 Financial Statement for the Year Ended 31 December 2023
LONDON BANGLA PRESS CLUB LEGALINFORMATION Name of Charlty: London Bangla Press Club IL8PCI Charlty Regi5tratlon No. 1150004 Registered Address: 37B Princelet Street. London El 5LP Email: lbpcsecretary@gmail.com Executlve Committee: Executive Committee & Trustees for the Accountin Period Mr. Mohammed E H Chowdhury Mr. Tareq Chowdhury Mr. Md Rahmat Ali MrTaysir Mahmud Mr. Shaleh Ahmed Presldent Senior Vice President Vice President General Secretary Treasurer Mr. Saiyem Chowdhury Mr. Imran Ahmed Mr. Mohammed A QuayLJm Mr. Abdul Hannan Mr. Rezaul Karim Mridha Mr. Ahad Ahmed Chowdhury Mr. J U M Na2mul Hossain Mr. Anwar Shahlahan Mr. 5arwar Hussain Ms. Shahnaj Sultana Asst. General Secretary Organlsing & Training Secretary Assistant Treasurer Media & ITSecretary Events & Facilities Secretary First Executlve Member Executive Member Executive Member Executive Member Executive Member Contart Person for the Accounts: Mr. Shaleh Ahmed Treasurer Independent Examlner.. Mohammed Muhit Uddln M Com. ACA, FCCA Muhit & Co. Chartered Certified Accountants. 80A Ashfield Street Unit4 London El 2BJ Bankers: HSBC Bank PIC 75 Whitechapel Road London El IOU Legal Advlsor: Nazmin Choudhury NC- Law Sollcitors 384 Garratt Lane Southfield, London SW18 4HP Page I
LONDON BANGLA PRESS CLUB REPORT OF THE MANAGEMENT COMMIThEE HlstOVyi Objectives and A¢tlvltles of London Bangla Press club The Executive Committee of the London Bangla Press Club submit thelr report and financial statements for the year ended 31 December 2023. The London Bangla Press Club was set up on the 15 Day of June 1993. The London Bangla Press Club was incorporated as a charity and its name was entered in the Charity Commission's Central Register on the 3rd of December 2012, The ObJectlve5 of the London Bangla Press Club are: The Charity's objects are for the benefit of the 8engali comthunity in particular people Involved in journalism, print. publishing or the media but not exclusively: To relieve poverty and distress to the public, in particular to people connected to.lournalism, publi5hlng media sector and allied trades and their dependent relatives who are in need, experiencing hardship or distress by reason of age, infirmity. disability or youth but not exclusively. The advancement of education and trainlng for the public benefit by the provision of vocational training courses and the development of teaching skllls in journallsm. information technology. publishing, medla studies and print, electronic and broadcastlng media produrtion. To promote the efficient and effective application of resource5 for charitable purposes by.the provision of advlce on all forms of communication media. Structure, Governance and Management The charity Is constituted by a constitution. It is governed by the regulatlon set out in the Constitution and run by a voluntary Executive Committee. The charlty's new committee members are elected at the Annual General Meeting every two year5. The Executive Commlttee members are normally briefed by the President and the General Secretary in order to famillarise themselve5 Wlth the rules, regulations and responsibilitie5 of the charity. The Management Committee met six time5 during the year to review the activities of the Charity including the approval of the annual report and accounts as well as budget5, capital expenditure and to set out the fund raislng date for the charitv. The day-to-day work of the charlty is overseen by the President who is responsible to and reports to the Management Committee. The Executive Committee is aware of the potential rlsks to the charity, both financial and otherwise. Therefore, strategies are in place to control these risks, Assessments have also beert taking relatin8 to fire and health and safety. The Executive Committee are seriously looklng into other rlsk areas such a5 operational, governance and compliance with law and regulation5. Page 2
AchlevemÈnts and Perforrnance of London Bangla Press Club: The Executive Committee is pleased to report a very active year. London Bangla Press Club is actively seeking to Protect its financial security in order to continue to safeguard the ongoing development of the Club and its projects and services that it offers to the local communities in the United Kingdom The London Bangla Press Club and its members are pleased with the Club's achievement5 over the last 12 months: Organised a number of events, workshop programmes to promote and highlight the work of the Bengali media in the United Kingdom. Facilitated a number of training programmes on introductory journalism courses, Strengthened the infrastructure of the organisation through policy development, development of a 3-year buslnes5 plan, putting policy and procedures Into place for the effectlve and efflcient running of the organisation. Using the media.to raise community issue5 afferting the Bangladeshl communlty in the UK in terms of welfare, education, health, achievements and successes. community cohesion and community integration. The Management Committee is indebted to all members and well" wlshers for their support to the London Bangla Press Club. The Executive Committee is very appreciative to the members for their financial support. We would.also extend a word of thanks to all individuals and other community groups/organisations, media agencies who have worked with and supported London Bangla Press Club. Financial Review The financial position of the Charity is portrayed in the accompanying Annual Accounts. Statement of frustees, Responsibllltles Law applicable to charities in England & Wales requires the Trustees to prepare financial statement for each financial year, which gives a true and fair view of the charit5 financial activities during the year and of its financial position at the end of the year. In preparing those financial statements, the trustèes are requlred to: lal Selert suitable accounting policies and apply consistently Ibl Make judgements and estimates that are reasonable and prudent,. Icl State whether.applitable accounting standards and statements of recommended practice have been followed, subjett to any departures disclosed and explained in the financial Statements,. Id) Prepare the financial statements on a going concern basis unless it Is inappropriate to presume that the charity will continue in operation. The Trustees are responsible for keeping accounting records, which discloses with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financlal statements comply with the charity act 1993. They are also responsible for safe8uarding the assets of the charity and hence tor taking reasonable steps for the prevention and detection of fraud and other .irregularities. Pa8è 3
ReseNe Pollcy It Is the policy of the charity that unrestricted funds, whi¢h have.not been designated for a specific use, should be maintalned at a level equivalent to at least 12 months expenditure. The Executive Committee Consider that reseryes at this level will ensure that, In the event of a significant drop in funding, they will be able to continue the chariws current activities while tonslderation Is given to ways in which additional funds may be raised. The London Bangla Press Club wlll artively work to achleve this level of resetves. Current reserve fund consists of property value of £185,000 and other reserve of £33,800. Risk Fartor5 The Trustees have assessed the major risks to which the charlty is exposed and are sat15fied that systems are In place to mitigate exposure to the major risks. Independent Examlner According to the provisions of the Charities Act 1993, the Trustees agree that an audit Is not requlred for this financial year,. however due to the provisions of the same act an Independent Examiner is required. The Executive Committee agreed to re-appoint Mohammed Muhit Uddln M Com, AC& FCCA to carry out the Independent Examination of the accounts in 2024. A¢counts approved on the behalf of the Executive Committee. M E H Chowdhury President Dated: 19101/2024 Page 4
INDEPENDET EXAMINER'S REPORT TO THE TRUSTEES OF LONDON BANGLA PRESS CLUB CHARITY REG: 1150004 FOR THE YEAR ENDED 31 DECEMBER 2023 We have examined the financial statements on pages 6 to 8 which have been prepared on the basis of historic cost. Res ctive re5 onsibllities of trustees and examiner The charitws trustees consider that an audit is not required for this year (under sectlon 4312} of. the charities Act 19931 and that an Independent examination is needed. It Is our responsibility to.. * Examine the accounts * Follow the procedures laid down in the general dlrections given by the charity commisslon,. and State whether particular matters have come to our attention. Basis of Inde endent Examlnerfs statement Our examination was carried out in accordance wlth General Directlons given by the Charity Commlssion. An examinatlon includes a review of the accountlng records kept by the charity and a comparison of the accounts presented with those records. It also includes consiéeration of any unusual items or 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 we do not express an audit opinion on the accounts. Inde endent Examinerfs Statement In the course of our examination, no matter has come to our attention: Which give5 us reasonable cause to believe that In, any material respect, the twstees have not met the requirements to ensure that: Proper accounting records are kept {in accordance with section 41 of the Act); and Accounts are prepared which agree with the accounting records and comply wFth"the accountlng requirements of the Act; or To which, in our opinlon, attention should be drawn in order to enable a proper understanding of the accounts to be reached. MUHIT & CO. CHARTERED CERTIFIED ACCOUNTANTS 80A ASHFIELD STREET, LONDON EI 2W Dated; 19101/2024 Page 5
LONDON BANGLA PRESS CLU8 INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2023 INCOME R•strlrted Unrestrlcted Fund Fund 20 2022. Note Cket toumament Donatlon Football Tournam9nt Hall hira Lil8 Membèrship fe? Medla cup Members fees {Assoc4at• mamber8} MÉmbership fetss {old membgrsl Nominatlon fee Press confor8nce Program wlh DrAbld Ch¢)wdhury Rental Ino)me Save Sylhat SponwrshipEkush• programm& Summer prograrnm8 Sundry-HMRC stsmp duty refund Sylhet War Memorial Training Programm8 TOTAL: 2.500 i.lso 2,8rN) 1,310 2.SCiI 1,150 2,800 1,310 610 8,500 5,100 60 23,040" 23,040 10.350 8,100 9,OCiI I,soo 11,794 5,000 soo 9.000 1,500 11,794 s.000 500 10,704 6,500 500 1,670 5.574 6,280 6,280 LESS: EXPENDITURE ote Re5trlcted Unrèstrlcted Fund 2023 202 Accountsnt ' AGM Exp8n809 Bank charges BGM Expenses Cleaning Cricket loumamenl Depreryalion Ekusha programme El8cUon stationèry printing Elactiicity Equipment 8xpensad Event wth Dr Abkl Chowdhury Football toumament Hall hire Independen¢8 gnI Legal ond professional Media Cup Meeting gXP6nses Members indoor games Offl¢$ èxp8nse5 Photogrdphy Postaga Rates 1.140 1.620 64 1,140 1,620 1,020 126 36,882 218 2.893 218 2,893 230 886 626 443 860 190 2,500 3,136 2,750 626 443 860 190 2.500 3,136 2.750 175 1,060 1,718 6,122 210 560 292 932 250 560 292 932 250 83 83 29 1.750 9,003 1.854 1.002 Rent 8254 460 8.254 460 Rgpalrs and maintenance Servico ¢harges Spacial day event8 410 410 Page 6
Stattonery and printing Summer outing programme Sundry èxpenses Swhet Ilood support Sylhel pres8 dub Training program .Varh)us event expens88 Water raleslch8ryes Total: 50 2,981 1.119 6,$00 5.000 1255 897 408 408 75 NET SURPLUSIIDEFICITI FOR THE YEAR 16 33 Page 7
LONDON BANGLA PRESS CLUB BALANCE SHEET AS AT 31 DECEMBER 2023 Note 2023 2022 Flxed Asset5 Flxtures and fittln85 Land & bulldlng 735 919 185.735 185,919 Current Assets Trade debtors Cash at Bank: 1.500 6,431 36 LBPC Current WC IHSBCI LBPC Deposlt Alc IH58CI Cash in Hand 43,126 36 TOTAL CURRENT ASSETS TOTALASSETS 44.391 8.282 Less: Currertt Llabllltles Credltors & Accruals I Current yearfs accountsfeel Credltors IRefuDdable to member appllcantsl Refvndableio old memberappllcants 1,140 9,520 666 4,077 756 218,800 189.368 Net Current A5s•ts Net Assets / (Llab11tles} Flnanced By: Funds 8IFwd from 2022 Surplus I (Deficltl fund In 2023 189.368 29,432 206,201 16.833 Atcumulated Fund thrrfed Forr4 218 Mohammed E H Chowdhury Prtsldent T•yslr Mahm1 Secrètary General Shaleh Ahmed Tr••$yry S•¢retary Page 8