REGISTERED CHARITY NIIMBER: 1156157 Report of the Trustees and Ilnaudited Trinancial Statements for the Year F.nded 31 March 2024 for Dacorum Bangladeshi Welfare Association Cartwrights Chartered Accountants and Business Advisors Rcgcncy Flouse 33 Wood Street Bamet Hertfordshire EN5 4BE
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Dacorum Ban2lade5hi Welfare Association Report of the Trustees for the Year Ended 31 March 2024 Objecttves and activities The as80¢iation is established to promote any charitable purpose for the benefit of the Bangladeshi and ivider minority communitics in DacoNrn inLluding thL relief of poverty, prc5ervc and protection of health. the advan¢¢ment of education and the pr£)vision of faLilities for recreational and other leisure time activities in the intcr¢sl Of souial welfare and in ordcr to improve th¢ quality of life of thc said b¢neficiarics. The tru8tLes havc paid duc rLgard to guidancc issued by the Charity Cornmission on public benefit whcn deciding what activitiLs the Lharity should undertake. Achievements and performance Th¢ DB WA havc bccn providing a rang¢ of eornmunity scrviccs to th¢ Bangladeshi community. during the year. th¢ service5 provided include: Congregational Prayer fa¢ilities (ev¢ry Friday) SpLcial Ramadan Prayer fa¢ilitic% Annual "Funday" event for the whole family to enjoy Social & FIou8ing advice Tr.id parties twiLL a ycar Children and adult teaching classes (James Toom facililies for peoplc of all ages to use for socialising Purposes LadiL'b only clas5 Partnership with local hcalih organisalion for the COVID vaccine programme We wish to continue our rangc of progrnrnmes wilh a 8pecial focus on the fenle and younger demographic. Thc aim is to furth¢r help intL&vralc thLm into thc widLr so¥icty and bc Confident within tlicms¥lv¢s. now with thc purch&4¢ of a permaneni hom¢, we will be lookingv to furtlicr invesl in thcse initiatives. Financial review ThL %taL'mLnt of financial activitics show incoming7 resource5 for th¢ year of a r¢venue nalure of £203.904 {2023: £118,630). The total unrestricted reserves at the year end stand at £306,498 (2023: £212,091) It is the policy of the charity that the unrestricted funds which have not been designated for a specifi¢ use should be maintained at a l¢vel equivalent to betwcen three and six month'.% LxpcnditUTC. The truste¢s eC)tLsidcrs that re%crves at thi4 ICVLI will ensure ihat in the cvcnt of a sig?nifi¢ant drc)p in funding. they will bc able to conlinuc the charity'5 currcnt activitie% whilL consideration is byivcn to ways in which additional fund% may be Tai%ed. This lev¢1 of reserves has been mainlainLd IhrouLyhout th¢ year. Thc trustecs has assessed the major risks to which the charity is exposed and ar¢ Satisfied that the systems aT¢ in place to mitigatc cxposure to the major risks. TRIIC.TIIRE, GOVERNANI:Tr. AND MANAC#EMFNT Governing document The charity is Lontrolled by ils governing document, a deed of trust and constitutes an unincorpordted charity. RTr:F"LRI;NC:E AND ADMINISTRATIVTr. Db:TAII.S Registered Charity number 1156157 Principal address DBWA Ccntrc Hemel Ilempstead IlcrtfordshiTC HP2 6BII
Dacorum Bangladeshi Welfare Association Report of the Trustees for the Year Tr:nded 31 March 2024 Trustees S Rashid Tstee J Islam Trustee N Khan TNst¢e A Khan Trustee B Ahmed Truslcc M F Islam TSlee S Rahman Trustee W Islam Trustee I Haquc Trustcc l Rahman Trustee Independent Examiner CartTltS Chartered Accountants and Business Advisors Regency Flousc 3.3 Wood Strect Barnct FlcrtfoTdshire EN5 4BE Approvcd by ordcr of thi board of trust¢¢s on .. and signed on its behalf by: l Rahman- Trustce
Independent Examiner's Report to the Trustees of Dacorum Bangladeshi Welfare Association Independent examiner's report to the trustees of D2corum Bangladeshi Welfare Association I report to the charity trustees on my examination of the accounts of Da¢orum Bangladeghi Welfare Association (the Trust) for the year ended 31 March 2024. ResponsibilAties and basis of report As the charity trustees of the Trust you ar¢ r¢.sponsible for the prcparation of the accounts in aLcordance ll1h the requirements of the Charities Act 2011 ('the Act,). I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my cxamination I havc followed all applIcable Directions given by the Q'harity C'ommlssion under 8e¢tion 145(5}(b) of the Act. Independent examiner's statement I liave Lompleted my examinalion. I confirm ihut no matcriJl rnatterb hav¢ Come lo my att¢ntion in comlection with th¢ examination giving me cause to believe that in any material respect: accounting records were not kepl in respect of the Trust as required by SectÉon 130 of the Act. or Ihc accounts do not accord wilh Ihosc records: or Ihe accounts do nol comply with the dppliLable rLquiremLnts conccmingT tlic f()rin and contcnt of a¢iount% sct uut in the C'haritics (AccounLs and RLPC)rts) Rcg7ulaliun% 20011 othLr than any requirLmcnl that tlic accounts givc a true and faiT view which is nc)t a matter LC)n%idered as part of an indcpcndent examinalion. I have no concerns and havL cornc acr()55 no othor matter4 in Lonnectiun with the examinati()n to which attention should b¢ drawn in this rcport in ordEr lo ¢nablc a propcr undLrstandinb7 of thL a¥iuunts- to bi r¥a¥h¥d. M Khawar C'artwTighis ('hartLred Accountants and Business Advisors Reg7cncy EIou8C 33 Wood ,8treet 13arn¢t Ilertford5hire F.N.fj 4BF,
Dacorum Bangladeshi Welfare Association Statement of Financial Aetivities for the Year Ended 31 M2rch 2024 ?024 Unrcstricted funds 2023 Total funds Notes INC.OMF. AND F.NDOWMENTS FROM Donations and legaLies 170,257 88.116 C:haritable activities Charitable 34,345 30.059 Oth¢r Irading activftties Investment incomc 455 Total 204,603 118,630 FXPF.NDITIIRTr: ON Raising fund% 35,288 1,170 C'.h2ritable activities Charitable 74,208 72.145 Other 16,085 Total 109,496 89,400 NET INC:OM 95,107 29,230 RTr'C'.ONC:ILIATION OF FIINDS Total funds bruu&ht forwllrd 212,091 182,861 TOTAI. FIINDS C:ARRIF.D PORWARD 307,198 212,091 The notes forn] part of these financial statements
Dacorum Bangladeshi Welfare Association Balance Sheet 31 March 2024 2024 Unreslricted funds 2023 Total funds Notes Tr'IXLD ASSF.TS Tangible assets 397,071 406,720 C.IIRRENT ASSETS Debtor.8 Ca%h at bank 7,400 90.751 10.000 41,538 98,151 51,538 (:RFDITORS Amounl.s falling due within one year io (15.053) (15.053) NLT C'URRENT ASSETS 83.098 36.485 TOTAI. ASSF.TS LESS (:IIRRF.NT LIABII,ITIES 480.169 44.3,205 C.RF.DITORS Amounts falling due after morc than one year {172,971) (231,114) NF.T AS.¢iETS 307.198 212.091 FIINDS Unrestricted funds 13 307,198 212,091 TOTAL FIINDS 307.198 212.091 The financial stat¢ments were approvcd by the Board of Trust¢¢s and authoriscd for issue and were sigFncd on its behalf by: on l Rahman - Truslee The notes forni part of these financial statements
Dacorum Bangladeshi Welfare Association Notes to the Financial £>tatements for the Year Ended 31 March 2024 LOMPANY INTrOILMATION Dacorum Ilangladeshi Welfare AssoLiation is an atssouiation constituted under a governing document dated 13 March 2014. The address of the registered office is given on ihL legal and administrative inforniation page of these financial statements. AC.C.OIINTING POI.IC.IES Basi5 of preparing the financial statements Th¢ accounts havc bLen preparcd in accordanc¢ with teh C'.harity's governing documcnt, thc C,hariti¢s Act 2011 and 'Accounting and reporting by charities.. statement of reLommended practi¢c appliLable to charitics prcparing th¢ir acocunts in acLordancc within ihc FinanLial rOrting %tandard applicablc in thL UK and Republic of Ireland (FRS 102)" (as amended fur accounting periods commencing from l January 2016). The charity is a public benefit cntity as defined by FR8 102. The charity ha5 takcn advantage of the provisions in the SORP for charities applying FRS 102 update bulletin I nol to prepare a statement of cash tlows. The financial 5tatemcnls an. prepared in sterling. which is thc functional currency of the Lharity. Monclary amounts in these financial statement5 are rOUndL to thc ncarLst £. The financial statemcnt8 hav¢ bcen prepared under the historiLal cost convention. Income All income 18 recognised in the Statement of Finan¥ial AGtivili¢s once the Charity has entitlement to the funds, it Is probablL that thc in¢omc will bi r¢¢Liv¢d artd the amount ean bL measured r¢liably. (.'ash donations are rcuognisid on receipt. Income received from classes is recobmised upon rcc¢ipt. F.xpenditure Liabiliti¢s are recogni%ed as expcnditurc as soon as there is a legal or cunstructive obligation committing the charity to thal expcnditure, it is probable that a transfcr vf cLonomiL benefit8 will be rcquired in scttlement and the amount of the obligation Can be mcasur¢d reliably. Lxpenditurc is accounted f()T on an acertls basis and has bcLn classificd undLT hev4ding?s that ag&YrL&7at¢ all co%t related to the calegory. Where costs Cannot bL dirLCtIy attributed to particular hcadingys they havl bLLn allocatLd to a¢livities on a basis ¢onsi4tcnt with Ihc use ()f rcsourc¢s. c.haritable funds Unrcstrict¢d funds arc available for use at the discretion of the Trustees in furthcran¢c of thcir charitabl¢ objcctivcs. Designated funds compri%e fund4 which have bLLn set aside at thL discr¢tion of the Trustee% for speLific purposes. The purposes and uscs of the d¢signat¢d funds arc set out in thL notes of thc financial %tatemLmt5. Tangible fixed assets Depreciation is provided at the following amiual rates in order to rIte off each asset over its estimated useful life. Fr¢¢hold propcrty Fixture5 and fittings 2fj/0 on cost 250/0 on cost Taxation The charity is Cxenwt from tsx on ILS charitable activities. Fund accounting Ur]restri¢ted funds can be used in accordance with the charitable objertives at the discretion of the trustees.
Dacorum Bangladeshi Welfare Association Notes to the Financial Statements- continued for the Year Ended 31 March 2024 AC.C.OUNTING POLIC.IES - continued Fund accounting Restricted funds can only be u£ed for particular restricted purposes Hithin the objects of the charity. Restrictions arise when specified by the donor or whcn funds are raised for particular restrieted purpu5es. Further explanation of the nature and purpos¢ of each fund is included in the notes to the financial statements. OTHER TRADING ACTIVITIF.S ?024 2023 Salc of dat¢s 4.55 INVESTMENT INC.OME 2024 2023 Deposit account intercst RAISING FIINDS Raising donations and legacies 2024 2023 Other Fundraising costs Support costs 14.673 20,615 1,170 35,288 1,170 TRIISTEE.S' REMIINERATION AND BENF.TrIT6i There wcrc no trustees, rcmuneration or oth¢r bencfits foi the year ended 31 March 2024 nor for the year endcd 31 March 2023. Trustees, expenses There were no Irustees, expenses paid for the year ended 31 March 2024 nor for the year ended 31 March 2023. C.OMPARATIVES FOR TIIE STATEMF.NT OF FINANC:IAI. AC'.TIVITIES Unrestrithed funds INC.OME AND F.NDOWMENTS FROM Donations and legacies 88.116 C.'haritable activities L.haritable 30,059 Other trading activities 455 Total 118,630 EXPENDITIIRE ON Raising funds 1,170
D2corum Bangladeshi Welfare Association Notes to the Financial .Statements - eontinued for the Year F.nded 31 March 2024 C.OMPARATIVF.S FOR THF. STATEMENT OF TrINANCIAL ACTIVITIES- continued Unrestricted nds C'haritable aetivities Charitable 72,145 Other 16,085 Total 89,400 NF.T INC'.OM 29,230 RF.C.ONC'.11,IATION OF FIIND Total fundb brought forward 1112,861 TOTAL FIINDS C'.ARRIED Tr'ORWARD 212,091 TAIYGIBI,F. FIXED A<iSETS Pixturcs and fittinLys Frcohold propcrty Totals At l April 2023 and 31 March 2024 430.6.31 4.145 434,776 DTr.PRTr:C'.IATION At l April 2023 Charbpc for year 25,838 8,613 2,218 1,036 28.056 9,649 At 31 March 2024 34,451 3,254 37,705 NET BOOK VAI,IIF. At 31 March 2024 396.180 891 397,071 At 31 March 2023 404,793 1.927 406.720 DEBTORS: AMOIINTS FAI.I.ING DUE WITIIIN ONE YEAR 2024 2023 Other debtors 7,400 10,000
D#corum Bangladeshi Welfare Association Notes to the Financial Statements - continued for the Year Ended 31 Mareh 2024 io. CREDITORS: AMOIINTS FAI,LINC DIJE wrriiiN ONF, YF.AR 2024 2023 Bank loans and overdrafts (see note 12) Other Creditors 14,875 178 14.875 178 15.053 15,053 CREDITORS: AMOUIYTS FALI,ING DUE AFTER MORE TIIAN ONE YLAR 2024 2023 Bank loans (see note 12) 172,971 231,114 12. An analysis of the maturity of loans is givcn belvw: 2024 2023 Amounts falling due within one ycar on d¢mand: Bank loans 14,875 14,875 Amounts falling duc in more than five years: Repayable by instalmenl5: Bank loans morc 5 yr by instal 172,971 231,l14 13. MOVF.MENT IN FiifiDS Nct movemcnt in fund5 At 3113124 At 114123 Ilnreslrieted funds Cjeneral fund 212.091 95,107 307,198 TOTAL FIINDS 212.091 95,107 307,198 N¢t movement in funds. included in the above are as follows: Incorning resources Resources cxpendcd Movement in funds Unrestricted funds CJeneral fund 204.603 (109,496) 95.107 TOTAL FUNDS 204,603 (109.496) 95,107
Dacorum Bangladeshi Welfare Assoeiation Notes to the Financial Statements - continued for the Year F.nded 31 March 2024 13. MOVEMF.NT IN FUNDS - continued Comparative5 for movement in funds Net movement in funds At 3 1/3123 At 114122 Ilnrestricted funds ticncral fund 182,861 29.230 212,091 TOTAL FIINDS 182,861 212.091 Comparativc net movement in funds. included in thc above are a8 follows.. Incoming rc50urees Resources expended Movement in funds Ilnrestricted funds (icneral tund 118,630 (89,400) 29.230 TOTAI. FIINDS 118,610 (89.400) 29,230 A current y¢ar 12 months and prior y¢ar 12 months combined position is as follow8: Net movement in funds At 3113124 At 114122 Ilnrestrieted funds Gcncral fund 182,861 124,337 307.198 TOTAL FUNDS 182,861 124,337 .107.198 A Lurrent year 12 months and prior year 12 months combined net movement in funds, included in the above are &$ follows: Incoming resource5 Resources expcndcd Movement in funds Ilnreslrieted funds General fund 323,233 (198.896) 124.3.37 TOTAL FUNDS 323,233 (198.896) 124,337 -10-
Dacorum Bangladeshi Welfare Association Notes to the Financial Statements - continued for the Year Ended 31 March 2024 14. REl.ATED PARTY DISC:I.OSURES There were no related paty transartions for the year endcd 31 March 2024. 15. CONCESSIONAI, LOAN A conLCSSional Loan of £7,600 {2023 ..£10.000) paid to Muhammed Ilamid Naqvi on 1911012022 is still outs'tanding. Initial rcpaymenl tenns state that th¢ loan is to be ryaid back within 6 months of the funds bcing transferred. New tenns agreed for payment and will be repaid by 2025.
Dacorum Bangladeshi Welfare Association Detailed Statement of Financial Activities for the Year I¢'nded 31 March 2024 2024 2023 INC:OMb: AND ENDOWMTr;NTS Donations and legacieg Donations and l¢gTacics 170,257 88,116 Other trading activities Sale of dates 455 Investment income Dcposit account interest C'.haritable activities Children and adult tcachtng 34,345 30,059 Total incoming resources 204.603 118.630 EXPENDITIIRE Raising donations and legacies ()Iher Fundraising cobts- 14,673 c.haritable activities RatLS and water Insuranc¢ TLlcphone Sundrie8 Praycr Fces TcaLhing services Repair5 and Maintenance Hall Ilire pps Advertising Trreehold propcrty Trixtures and fitting5 4,026 1.227 529 8,56.5 5,293 28,586 7,096 5,137 2,822 1,278 8,61.1 1,036 4,699 1,188 467 6,001 3.728 28,778 10.228 3.414 3..$57 4.37 8.613 .035 74,208 72.145 Support costs Finance Finance charges 17,779 16.085 Cyovernance costs Lcgal and professional fees 2.836 1,170 Total resources expended 109.496 89.400 Net income 95,107 This page does not fomi part of th¢ StatOry financial statements -12-