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2021-03-31-accounts

Charity Registration No. 1151816

Company Registration No. 08085962 (England and Wales)

BANGLADESHI WOMEN'S ASSOCIATION LIMITED ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2021

BANGLADESHI WOMEN'S ASSOCIATION LIMITED

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees Ms Razia Sattar (Chairperson) Mrs Sayrun Nessa (Treasurer) Ms Hazera Zehora Mr Alek Ahmed Mrs Sabiya Yasmin Mrs Khabita Ali Mrs Syeda Khatun MBE (Principal staff) Charity number 1151816 Company number 08085962 Registered office Tipton Muslim Community Centre Wellington Road Tipton West Midlands DY4 8RS

BANGLADESHI WOMEN'S ASSOCIATION LIMITED

CONTENTS

Page
Report Including Directors' report 1 - 5
Independent examiner's report 6
Statement of financial activities 7
Balance sheet 8
Notes to the financial statements 9 - 14

BANGLADESHI WOMEN'S ASSOCIATION LIMITED

REPORT INCLUDING DIRECTORS' REPORT (INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 MARCH 2021

The Trustees present their report and financial statements for the year ended 31 March 2021.

The financial statements have been prepared in accordance with the accounting policies set out in note s to the financial statements and comply with the BWA's governing document s , the Companies Act 2006 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)".

Objectives and activities

The principle object of the Bangladeshi Women’s Association (BWA) is to improve the conditions and quality of life for residents in Tipton and surrounding areas. This is done through:

  1. The promotion of racial harmony;

  2. The relief of financial hardship;

  3. The advancement of education; and

  4. The provision of recreational and leisure activities.

The Trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the BWA should undertake.

History

The Bangladeshi Women’s Association (BWA) works in Tipton. Encountered with multiple deprivation, BWA was established in 1985 by a group of enthusiastic Bangladeshi women who wanted to meet the social and economic needs of their disadvantaged peers, young people, and families in Tipton. Its unique genesis resulted in a core advantage for the foundation of the association; it initiated its programmes based on the needs and issues understood by and experienced by communities themselves, where communities are supported to take the lead in identifying and implementing local solutions. BWA started its activities initially taking the issues of social exclusion, poor access to services, women’s and child rights through a community regeneration approach.

About Tipton

The picture of poverty in Tipton is one where there are a significant number of families facing deep seated poverty. Tipton is one of the lowest paid town in Sandwell and half of Tipton’s Lower Super Output Areas fall in the worst 10% most deprived in England. For the families in Tipton, poverty means being reliant on welfare benefits, not being able to get a job, heat their home, pay rent, or buy the essentials for their children. Members of Tipton families whom we have worked with over the years have told us that they wake up every day facing insecurity, uncertainty, and impossible decisions about money. For many families especially, those who represent the BME Groups, poverty means facing marginalisation and even discrimination because of their financial circumstances. The reality is, almost everyone in Tipton experience poverty and it is wasting their potential, depriving Tipton economy of the skills and talents of those who have valuable contributions to make.

Organisational Beliefs

It is BWA’s perception that poverty is created by many interconnected and interdependent problems. BWA believes that the bonds between these problems can only be broken and development made truly sustainable by addressing many of the issues simultaneously. Most community organisations have chosen to specialise their expertise in one or two areas but BWA has retained its emphasis on the holistic approach. BWA believes it must work in all sectors of the development context to be effective and sustainable. Furthermore, BWA believes that the community will only truly embrace development if they themselves identify their needs and lead the process of change. BWA’s credentials in community involvement is now widely recognised and many similar organisations in the community sector are following its lead.

BANGLADESHI WOMEN'S ASSOCIATION LIMITED

REPORT INCLUDING DIRECTORS' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2021

Structure, governance and management

BWA is a formally constituted charity registered with the Charity Commission in England (No: 1151816). BWA is also registered with the Companies House as a Company Limited by Guarantee (No: 08085962). The members of the Trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:

Ms Razia Sattar (Chairperson); Mrs Sayrun Nessa (Treasurer); Ms Hazera Zehora; Mr Alek Ahmed; Mrs Sabiya Yasmin and Mrs Khabita Ali.

The constitution of BWA has given the supreme authority to the Board who approve budgets and major policy amendments. The day-to-day running is overseen by the Chief Executive Officer supported by a team of twenty experienced staff which consists of project coordinator, community support officers, sessional workers and a HR Officer. In relation to funding, the BWA has its own financial manual and procedures, and the Board is responsible for controlling the budget, allocation of overheads and for the preparation of financial reports.

Quality Standards

Since 2013, BWA has maintained its Matrix Quality Standard for Information Advice and Guidance Services and continues to hold its accredited membership with the Office of the Immigration Service.

Partnership Networks

As a leading & inclusive charity, BWA works with several community consortiums in Sandwell through its membership of the Inclusive Muslim Action Network, Sandwell Consortium, Sandwell Community Hubs, and the Sandwell Advice Service Network. This has led to a number of mutual benefits including raising BWA’s image whilst interacting with the local community, develop and enhance relationships with networks, being included in joint projects and funding bids, boosting morale within our workforce and giving everyone the opportunity to share their skills with their peers, and making a real difference to local people facing disadvantages and deprivation.

Achievements and performance

In the past thirty-six years BWA has developed into a community organisation of standing and has been successful in building strong partnership working towards serving the totality of community in Tipton, not just BME residents. BWA is particularly proud of its success in bridging the gap between the public sector and the communities– bringing them closer together to create a ‘win-win’ solution for those who are most disadvantaged. The trustees are pleased to report that BWA continues to be committed to Sandwell Council’s Vision 2030 through planning, design and delivery of new, innovative, and exciting community development services for the benefit of the most disadvantaged communities. From 1 st of April 2020 to 31 st March 2021, BWA had 4299 attendances for all services delivered from the two community centres and generated £919,876.66 in income gains for the community.

BANGLADESHI WOMEN'S ASSOCIATION LIMITED

REPORT INCLUDING DIRECTORS' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021

BANGLADESHI WOMEN'S ASSOCIATION LIMITED

REPORT INCLUDING DIRECTORS' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021

breathing space in the fresh air. Funding has been secured from SCVO Vision 2030 & Gregg’s Foundation for sustainable development of the project.

Financial review

The attached financial statements show a deficit of £ 10,300 for the year .

It is the policy of the BWA that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month’s expenditure. The Trustees 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 BWA’s current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year. The Trustees have assessed the major risks to which the BWA is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.

BANGLADESHI WOMEN'S ASSOCIATION LIMITED

REPORT INCLUDING DIRECTORS' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021

Thank you

We are pleased to report that overall, we are satisfied that the Board is fulfilling its role very well in what has been one of the most challenging years in the history of the Association, and we retain confidence that the Association is operating fully in accordance with its charitable purpose. We finish by thanking our staff and our volunteers for their resourcefulness, resilience and forbearance throughout this difficult time. We also thank our community members and partners whose support has proved more valuable than ever despite the difficulties of meeting in person.

Special thanks go to our key funders (Sandwell Council, the National Lottery Fund, BBC Children In Need, Sandwell Consortium, Coop Foundation, Independent Age, Power to Change and the Sandwell Council of Voluntary Organisation) who have demonstrated a remarkable commitment to our cause. We are extremely grateful to everyone who has helped us get through this challenging year and look forward to working with all in the Associations ‘family’ in the years of recovery to come.

The report was approved by the Board of Trustees

Ms Razia Sattar (Chairperson)

Dated: 16 December 2021

BANGLADESHI WOMEN'S ASSOCIATION LIMITED

INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF BANGLADESHI WOMEN'S ASSOCIATION LIMITED

We report to the Trustees on our examination of the financial statements of Bangladeshi Women's Association Limited (the BWA) for the year ended 31 March 2021.

Responsibilities and basis of report

As the Trustees of the BWA (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 (the 2006 Act).

Having satisfied ourself that the financial statements of the BWA are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, We report in respect of our examination of the BWA’s financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Act) . In carrying out our examination we have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

Since the BWA’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. We confirm that we are qualified to undertake the examination because we are a member of Chartered Certified Accountants, which is one of the listed bodies.

We have completed our examination. We confirm that no matters have come to our attention in connection with the examination giving us cause to believe that in any material respect:

We have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.

Kaiser Nouman Nathan LLP 57 Alfred Street Birmingham B12 8JP

Dated: 16 December 2021

BANGLADESHI WOMEN'S ASSOCIATION LIMITED

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2021

Unrestricted
Restricted
funds
funds
2021
2021
Notes
£
£
Income from:
Donations and legacies
3
-
70,663
Income
4
76,388
214,478
Total income
76,388
285,141
Expenditure on:
Charitable activities
5
1,251
370,578
Net (expenditure)/income for the year/
Net movement in funds
75,137
(85,437)
Fund balances at 1 April 2020
51,357
88,080
Fund balances at 31 March 2021
126,494
2,643		 Total
2021
£
70,663
290,866
361,529
371,829
(10,300)
139,437
129,137		 Total
2020
£
-
356,553
356,553
367,908
(11,355)
150,792
139,437

The Statement of financial activities includes all gains and losses recognised in the year

All income and expenditure derive from continuing activities.

The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.

BANGLADESHI WOMEN'S ASSOCIATION LIMITED

BALANCE SHEET

AS AT 31 MARCH 2021

Notes
Fixed assets
Tangible assets
8
Current assets
Debtors
9
Cash at bank and in hand
Creditors: amounts falling due within
one year
10
Net current assets
Total assets less current liabilities
Income funds
Restricted funds
Unrestricted funds		 2021
£
8,321
153,696
162,017
(45,837)		 £
12,957
116,180
129,137
2,643
126,494
129,137		 2020
£
8,129
144,048
152,177
(27,986)		 £
15,246
124,191
139,437
88,080
51,357
139,437

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 March 2021.

The directors acknowledge their responsibilities for ensuring that the charity keeps accounting records which comply with section 386 of the Act and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its incoming resources and application of resources, including its income and expenditure, for the financial year in accordance with the requirements of sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Trustees on 16 December 2021

Ms Razia Sattar (Chairperson)

Trustee

Company Registration No. 08085962

BANGLADESHI WOMEN'S ASSOCIATION LIMITED

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

1 Accounting policies

Charity information

Bangladeshi Women's Association Limited is a private company limited by guarantee incorporated in England and Wales. The registered office is Tipton Muslim Community Centre, Wellington Road, Tipton, West Midlands, DY4 8RS.

1.1 Accounting convention

The financial statements have been prepared in accordance with the BWA's [governing document], the Companies Act 2006 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)". The BWA is a Public Benefit Entity as defined by FRS 102.

The BWA has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.

The financial statements are prepared in sterling , which is the functional currency of the BWA. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.2 Going concern

At the time of approving the financial statements, the Trustees have a reasonable expectation that the BWA has adequate resources to continue in operational existence for the foreseeable future. Thus the Trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the Trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

Endowment funds are subject to specific conditions by donors that the capital must be maintained by the BWA.

1.4 Income

Income is recognised when the BWA is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the BWA has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Legacies are recognised on receipt or otherwise if the BWA has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

1.5 Expenditure

Expenditure is included in the financial statements on an accruals basis.

BANGLADESHI WOMEN'S ASSOCIATION LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021

1 Accounting policies

(Continued)

1.6 Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment

15% on written down value

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in net income/(expenditure) for the year.

1.7 Impairment of fixed assets

At each reporting end date, the BWA reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any ) .

1.8 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.9 Financial instruments

The BWA has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the BWA's balance sheet when the BWA becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

BANGLADESHI WOMEN'S ASSOCIATION LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021

1 Accounting policies

(Continued)

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future p aymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the BWA’s contractual obligations expire or are discharged or cancelled.

1.10 Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the BWA is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

2 Critical accounting estimates and judgements

In the application of the BWA’s accounting policies, the Trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3 Donations and legacies

Restricted Total
funds
2021 2020
£ £
Job Retention Scheme HMRC 70,663 -

BANGLADESHI WOMEN'S ASSOCIATION LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021

4 Income

Unrestricted
Income
Restricted
Income
£
£
Income
Enterprise Income
3,688
Jubilee Park Community Centre for Training
3,200
Job Retention Scheme-HMRC
24,528
BBC Children in Need
22,659
National Lottery Fund - STEP
26,447
Independent Age
12,647
National Lottery Fund-CCSF
36,000
Power to change
10,135
Sandwell Consortium: BBO: Bridges
14,219
Sandwell Consortium: BBO: Family Matters
7,685
Sandwell Consortium: Better Health Programme
13,000
Sandwell Consortium: CMF
4,051
Sandwell Consortium: Sandwell Advice Service
25,174
Sandwell Council for Voluntary Organisations
5,000
Co-op Foundation
10,000
SMBC Modern Apprentice Grant
800
SMBC Covid Business Grants
69,500
SMBC Playscheme
1,919
SMBC TMCC-Service Level Agreement
70,877
76,388
285,141		 Total
2021
£
3,688
3,200
24,528
22,659
26,447
12,647
36,000
10,135
14,219
7,685
13,000
4,051
25,174
5,000
10,000
800
69,500
1,919
70,877
361,529

BANGLADESHI WOMEN'S ASSOCIATION LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021

5 Charitable activities

Unrestricted
expenses
Restricted
expenses
£
£
Accountancy& Payroll
1,500
Bank charges & interest
228
Licence & permits
321
Legal & professional
3,000
16,564
Light & heat
15,206
Insurance
1,415
Project costs
43,595
Repair & renewals
27,646
Telephone
3,721
Cleaning
3,670
Staff training & welfare
770
Volunteers expenses
80
169
Donations
165
30
Wages & Salary
(4,867)
208,808
Water rates
534
Travel
1,949
Postage
17
Stationery and printing
130
Equipment expense
41,319
Equipment Hire
2,898
Sundry Expenses
672
Depreciation
1,145
1,144
1,251
370,578		 Total
£
1,500
228
321
19,564
15,206
1,415
43,595
27,646
3,721
3,670
770
249
195
203,941
534
1,949
17
130
41,319
2,898
672
2,289
371,829

6 Trustees

None of the Trustees (or any persons connected with them) received any remuneration or benefits from the BWA during the year.

7 Employees

The average monthly number of employees during the year was:

Employment costs
Wages and salaries		 2021
Number
20
2021
£
203,941		 2020
Number
20
2020
£
240,189

BANGLADESHI WOMEN'S ASSOCIATION LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021

8 Tangible fixed assets

Cost
At 1 April 2020
At 31 March 2021
Depreciation and impairment
At 1 April 2020
Depreciation charged in the year
At 31 March 2021
Carrying amount
At 31 March 2021
At 31 March 2020
9
Debtors
Amounts falling due within one year:
Trade debtors
10
Creditors: amounts falling due within one year
Trade creditors
Other creditors		 Plant and equipment
£
38,692
38,692
23,446
2,289
25,735
12,957
15,246
2021
2020
£
£
8,321
8,129
2021
2020
£
£
31,828
17,794
14,009
10,192
45,837
27,986

11 Related party transactions

There were no disclosable related party transactions during the year (2020 - none).