LONDON BANGLA PRESS CLUB London Bangla Press Club Registered Charity No. 1150004 Financial Statement for the Year Ended 31 December 2024
LONDON BANGLA PRESS CLUB LEGAL INFORMATION Name of Charlty: London Bangla Press Club {LBPC) Charity Reglstratlon No. 1150004 Registered Address: 37B Princelet Street London El 5LP Email: 1bpc5ecretary@gmail.com Executive Committee: Executive Committee & Trustee5 for the Accountin Period Mr. Mohammed Jubair Mr. Tareq Chowdhury Mr. Saiyem Chowdhury Mr Taysir Mahmud Mr. Shaleh Ahmed President Senior Vice President Vice President General Secretary Treasurer Mr. Rezaul Karim Mridha Mr. Ibrahim Khalil Mr. Md Akramul Hossain Mr. Abdul Hannan Ms. Rupi Amin Mr. Shahidur Rahman Suhel Mr. Foysol Mahmud Ms. Marium Ploy Rahman Mr. Zakir Hussain Mr. Anwar Shahjahan Assistant Secretary Assistant Treasurer Organising & Training Secretary Media & IT Secretary Events & Facilities Secretary Executive Member Executive Member Executive Member Executive Member Executive Member Contact Person for the Accounts: Mr. Shaleh Ahmed Treasurer Independent Examiner: Mohammed Muhit Uddin M Com, ACA, FCCA Muhit & Co. Chartered Certified Accountants 80A Ashfield Street Unit 4 London El 2BJ Bankers: HSBC Bank PIC 75 Whitechapel Road London El IDU Legal Advlsor: Nazmin Choudhury NC- Law Solicitors 384 Garratt Lane Southfield, London SW18 4HP Page I
LONDON BANGLA PRESS CLUB REPORT OF THE MANAGEMENT COMMIThEE History• Objectives and Activities of London Bangla Press club The Executive Committee of the London Bangla Press Club submit their report and financial statements for the year ended 31 December 2024. The London Bangla Press Club was set up on the th 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 Objectives of the London Bangla Press Club are: The Chariws objects are for the benefit of the Bengali community 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 journalism, publishing 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 training for the public benefit by the provision of vocational training courses and the development of teaching skills in journalism, information technology, publishing, media studies and print, electronic and broadcasting media production. To promote the efficient and effective application of resources for charitable purposes by the provision of advice on all forms of communication media. Structure. Governance and Management The charity Is constituted by a constitution. It is governed by the regulation Set out in the Constitution and run by a voluntary Executive Committee. The charity's new committee members are elected at the Annual General Meeting every two years. The Executive Committee members are normally briefed by the President and the General Secretary in order to familiarise themselves with the rules, regulations and responsibilities of the charity. The Management Committee met six times during the year to review the activities of the charity including the approval of the annual report and accounts as well as budgets, capital expenditure and to set out the fund raising date for the charity. The day-to-day work of the charity is overseen by the President who is responsible to and reports to the Management Committee. The Executive Committee is aware of the potential risks to the charity, both financial and otherwise. Therefore, strategies are in place to control these risks. Assessments have also been taking relating to fire and health and safety. The Executive Committee are seriously looking into other risk areas such as operational, governance and compliance with law and regulations. Page 2
Achievements and Performance of London Bangla Press Club: The Executive Committee is pleased to port a very active year. London Bangla Pre55 Club is actively seeking to protect its financial security in order to continue to safeguard the ongoing development of the Club and its project5 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 achievements 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 business plan, putting policy and procedures into place for the effective and efficient running of the organisation. Using the media to raise community issues affecting the Bangladeshi community 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-wishers 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. Flnanclal Revlew The financial position of the Charity is portrayed in the accompanying Annual Accounts. Statement of Trustees, Responsibilities 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 charivs financial activities during the year and of its financial position at the end of the year. In preparing those financial statements, the trustees are required to: {a} Select suitable accounting policies and apply consistently {b) Make judgements and estimates that are reasonable and prudent; {c) State whether applicable accounting standards and statements of recommended practice have been followed, subject to any departures disclosed and explained in the financial statements; (d) 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 wFth reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the charity act 1993. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Page 3
Reserve Pollcy It is the policy of the charity that unrestricted funds, which have not been designated for a specific use, should be maintained at a level equivalent to at least 12 months expenditure. The Executive Committee consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity's current activities while consideration is given to ways in which additional funds may be raised. The London Bangla Press Club will actively work to achieve this level of reseNes. Current reserve fund consists of property value of £185,000 and other reserve of £6,204. Risk Fartors The Trustees have assessed the major risks to which the charity is exposed and are satisfied that systems are in place to mitigate exposure to the major risks. Independent Examiner According to the provisions of the Charities Act 1993, the Trustees agree that an audit is not required 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 Uddin M Com, ACA, FCCA to carry out the Independent Examination of the accounts in 202 Accounts approved on the behalf of the Executive Committee. Mohammed Jubalr President Dated: 2010112025 Page 4
INDEPENDET EXAMINER'S REPORTTO THE TRUSTEES OF LONDON BANGLA PRESS CLUB CHARITY REG: 1150004 FOR THE YEAR ENDED 31 DECEMBER 2024 We have examined the financial statements on pages 6 to 8 which have been prepared on the basis of historic cost. Res ective res onsibilities of trustees and examiner The charitvs trustees consider that an audit is not required for this year (under section 43(2} of the charities Art 19931 and that an independent examination is needed. It is our responsibility to.. Examine the accounts Follow the procedures laid down in the general directions given by the charity commission; and State whether particular matters have come to our attention. Basis of Inde endent Examinerfs statement Our 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 or disclosures in the account5 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 ndent Examinerfs Statement In the course of our examination, no matter has come to our attention: Which gives u5 reasonable cause to believe that in, any material respect, the trustees have not met the requirements to ensure that: Proper accounting record5 are kept (in accordance with section 41 of the Act). and Accounts are prepared which agree with the accounting records and comply with the accounting requirements of the Act. or To which, in our opinion, 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 2BJ Dated: 2010112025 Page 5
LONDON BANGLA PRESS CLUB INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2024 INCOME Restricted Unrestricted Fund Fund 2024 2023 Note Admin fee income Collection for Sylhet War Memorial Cricket tournament Donation Football - Sponsor Football Tournament Hall hire Members fees IA550ciate member5} Membership fees (old members) Nomination fee Press conference Program with Dr Abid Chowdhury Rental Income Save Sylhet Shoak Sovba for 5 Life members Sponsorship-Ekusa program Summer programme 666 666 14,970 14.970 6.280 2,500 1,150 3,800 3,800 2.800 1,310 60 700 700 23,040 10,200 8,230 10,200 8,230 9,000 1.500 11,794 5,000 12,498 12,498 500 500 500 2,680 2,680 TOTAL: Page 6
LESS: EXPENDITURE Note Restricted Unrestrlcted Fund Fund 1,140 200 2024 2023 Accountant's fees Advertising and PR AGM Expenses Bank charges BGM Expenses Bijoy Debosh Cleaning Cricket tournament Depreciation Ekusa programme Elertricity Equipment expensed Event with Dr Abid Chowdhury Food and refreshment Football tournament Gas safety Hall hire Meetin8 expenses Members indoor game5 Office expenses Online votlng software Paid for Sylhet war memorial Photography Postage Rent Repairs and maintenance Service charges Shok Shova Special day events Summer outln8 programme Sylhet press club Water rateslcharges 1,140 200 1,140 1,620 64 102 40,907 475 483 102 40,907 475 483 218 2,893 147 717 470 320 147 717 470 320 626 860 190 2,500 308 3,231 50 308 3,231 50 3,136 2,750 560 292 932 443 231 231 18,320 18,320 250 83 8,254 460 I,iii 9,fy)3 9,003 1,642 1,180 1,642 1,180 410 1,119 5,000 408 2,710 2,710 204 204 Total: NEf SURPLUSI(DEFICIT) FOR THE YEAR Page 7
LONDON BANGLA PRESS CLUB BALANCE SHEEr AS AT 31 DECEMBER 2024 Note 2024 2023 Fixed Assets Fixtures and fittings Land & building 588 735 185,000 185 588 185,000 Current Assets Trade debtors Cash at Bank- LBPC Current A/C IHSBCI LBPC Deposit A/C IHSBC) Cash in Hand 6.663 36 967 43,126 36 TOTAL CURRENT ASSETS TOTAL ASSETS 7,666 193 254 44,391 Less: Current Liabilities Creditors & Accruals (Current year's accounts fee) Creditors (Refundable to member applicants) Refundable to old member applicant5 1,140 1,140 910 9,520 666 Net Current Assets 218 191204 00 Net Assets / {Liabilities) Financed By: Funds B/Fwd from 2023 Surplus / (Deficit) fund in 2024 218,800 127,5961 189,368 29,432 Accumulated Fund Carrled Forward 218 Mohammed Jubair President Tayslr Mahmud Secretary General Shaleh Ahmed Treasury Secretary Page 8
LONDON BANGLA PRESS CLUB NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024 ACCOUNTING POLICIES Basis of Accounting: The financial statements have been prepared under the historical cost convention in accordance with applicable accounting standards. Grants. Donations: This represents Membership fees, Press conference fees, Nomination fess and any other grants and donations are taken to Income and Expenditure account on a receipt basis. Restrirted Unrestricted Fund Fund 10.200 2024 2023 Nomination fee Life Membership Pre55 Conference General Membership Cricket Team Participation Football Team Participation Sundry {Stamp duty refunded} TOTAL. 10,200 8,230 8.230 9.000 23.100 2,500 2,800 3,800 3,800 3. Flxed Assets: C05t As at l January 2024 Addltlon durlrig the year 1,149 At 31 December 2024 1,149 Depreclatlon At l January 2024 Charges for the year 414 147 At 31 December 2024 588 Net Book Value At 31 December 2024 561 At 31 December 2023 735 4. Sylhet War Memorial Donation: Donation of £21,250 received in 2023 and 2024 by London Bangla Press Club for contributing to Sylhet War Memorial. An amount of £18,320 already paid from the collected donation. Balance of £2,930 is yet to be transferred. 5. Current Account Balance: Bank balance as of 31 December 2024 is £6,663 which includes £910 still refundable to individuals who paid to become members but were unsuccessful during the checks by the management. During 2024 a total of £8,610 has refunded to the individuals. Page 9