**REGISTERED CHARITY NUMBER: 1167939**
Report of the Trustees and Unaudited Financial Statements for the Year Ended 31 March 2021 for BBPI Foundation (CIO)
BBPI Foundation (CIO)
Contents of the Financial Statements for the Year Ended 31 March 2021
||Page|
|---|---|
|Reference and Administrative Details|1|
|Report of the Trustees|2|
|Statement of Financial Activities|3|
|Balance Sheet|4|
|Notes to the Financial Statements|5 to 6|
|Detailed Statement of Financial Activities|7|
BBPI Foundation (CIO)
Reference and Administrative Details for the Year Ended 31 March 2021
**TRUSTEES** Mr Abdal Ullah (Trustee) Ms Ayesha Qureshi (Trustee) Mr Mohammed A Nazim Rahman (appointed 1.1.21)
**PRINCIPAL ADDRESS** Flat 18 Doughty Road Pursom Street London E1W 3RT **REGISTERED CHARITY** 1167939 **NUMBER WEBSITE** www.bbpifoundation.com
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BBPI Foundation (CIO)
## Report of the Trustees for the Year Ended 31 March 2021
The trustees present their report with the financial statements of the charity for the year ended 31 March 2021. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) 'Accounting and Reporting by Charities' issued in March 2005.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing document**
The charity is controlled by its governing document, a deed of trust, and constitutes an unincorporated charity.
## **Risk management**
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
## **OBJECTIVES AND ACTIVITIES Objectives and aims**
The principle objectives is to promote the education of people under the age of 25 years from the British Bangladeshi Community of the United Kingdom who are socially or economically disadvantaged in such ways as the charity trustees think fit, in particular but not exclusively by awarding grants to such persons to further their education, training, social or vocational skills.
## **FINANCIAL REVIEW**
## **Funds in surplus**
There was no material income or expenses for the year (2020: £0) (2020: expenses £993), the charity has no surplus/deficit for the year (2020: deficit of £993).
Approved by order of the board of trustees on 9 July 2021 and signed on its behalf by:
Ms Ayesha Qureshi - Trustee
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BBPI Foundation (CIO)
## Statement of Financial Activities for the Year Ended 31 March 2021
||31.3.21|31.3.20|
|---|---|---|
||Unrestricte|Total|
||d fund|funds|
|Notes|£|£|
## **RESOURCES EXPENDED**
## **Costs of generating funds**
Costs of generating voluntary income
-
## 813 **Governance costs**
-
180
## **Total resources expended**
-
993
## **NET INCOMING/(OUTGOING) RESOURCES**
-
(993)
## **RECONCILIATION OF FUNDS**
## **Total funds brought forward**
20,874
The notes form part of these financial statements
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21,867
## **TOTAL FUNDS CARRIED FORWARD**
20,874 20,874
The notes form part of these financial statements
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## BBPI Foundation (CIO)
## Balance Sheet At 31 March 2021
|||31.3.21|31.3.20|
|---|---|---|---|
|||Unrestricte|Total|
|||d fund|funds|
||Notes|£|£|
|**CURRENT ASSETS**||||
|Cash at bank||20,874|21,054|
|**NET CURRENT ASSETS**||20,874|21,054|
|**TOTAL ASSETS LESS CURRENT**||||
|**LIABILITIES**||20,874|21,054|
|**ACCRUALS AND DEFERRED INCOME**||||
|3||||
|-||||
|(180)||||
**NET ASSETS** 20,874 20,874
|**FUNDS**
4
Unrestricted funds
**TOTAL FUNDS**|20,874
20,874|20,874
20,874|
|---|---|---|
The financial statements were approved by the Board of Trustees on 9 July 2021 and were signed on its behalf by:
The notes form part of these financial statements
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Ms Ayesha Qureshi -Trustee
The notes form part of these financial statements
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BBPI Foundation (CIO)
Notes to the Financial Statements for the Year Ended 31 March 2021
## **1. ACCOUNTING POLICIES**
## **Accounting convention**
The financial statements have been prepared under the historical cost convention, and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008), the Charities Act 2011 and the requirements of the Statement of Recommended Practice, Accounting and Reporting by Charities.
The charity was dormant throughout the year ended 31 March 2021. However, reference to information in relation to the year ended 31 March 2020 has been made where appropriate.
## **Resources expended**
Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
## **Taxation**
The charity is exempt from tax on its charitable activities.
## **Fund accounting**
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
## **2. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 31 March 2021 nor for the year ended 31 March 2020.
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 31 March 2021 nor for the year ended 31 March 2020.
## **3. ACCRUALS AND DEFERRED INCOME**
||31.3.21|31.3.20|
|---|---|---|
||£|£|
|Accruals and deferred income|-|180|
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BBPI Foundation (CIO)
Notes to the Financial Statements - continued for the Year Ended 31 March 2021
## **4. MOVEMENT IN FUNDS**
||Net||
|---|---|---|
||movement||
|At 1.4.20|in funds|At 31.3.21|
|£|£|£|
|**Unrestricted funds**|||
|General fund|||
|20,874|||
|-|||
|20,874|||
|**TOTAL FUNDS**|||
|20,874|||
|-|||
|20,874|||
|Net movement in funds, included in the above are as follows:|||
|||Incoming resources|
|||Resources expended|
|||Movement in funds|
|||£|
|||£|
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TOTAL FUNDS
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BBPI Foundation (CIO)
## Detailed Statement of Financial Activities for the Year Ended 31 March 2021
||31.3.21|31.3.20|
|---|---|---|
||£|£|
|**INCOMING RESOURCES**|||
|**Total incoming resources**|-|-|
|**RESOURCES EXPENDED**|||
|**Costs of generating voluntary income**|||
|Event expenses|-|813|
|**Governance costs**|||
|Accountancy|-|180|
|**Total resources expended**|-|993|
|**Net income/(expenditure)**|-|(993)|
This page does not form part of the statutory financial statements
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