**REGISTERED CHARITY NUMBER: 1167939** ## Report of the Trustees and Unaudited Financial Statements for the Year Ended 31 March 2022 for ## BBPI Foundation (CIO) BBPI Foundation (CIO) ## Contents of the Financial Statements for the Year Ended 31 March 2022 ||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 7| |Detailed Statement of Financial Activities|8| BBPI Foundation (CIO) Reference and Administrative Details for the Year Ended 31 March 2022 ## **TRUSTEES** Mr Abdal Ullah Trustee Ms Ayesha Qureshi Trustee Mr Mohammed A Nazim Rahman ## **PRINCIPAL ADDRESS** Flat 18 Doughty Road Pursom Street London E1W 3RT ## **REGISTERED CHARITY** 1167939 **NUMBER** Page 1 BBPI Foundation (CIO) Report of the Trustees for the Year Ended 31 March 2022 The trustees present their report with the financial statements of the charity for the year ended 31 March 2022. The trustees have adopted the provisions of 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 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** The charity received donations and income totalling £5,840 (2021: £0). After payments of outgoing expenses totalling £2,230 (2021: £0), the charity was left with a surplus of £3.610 (2021: £0 ) for the year. ## **STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document** The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity. Approved by order of the board of trustees on 13 October 2022 and signed on its behalf by: Ms Ayesha Qureshi - Trustee Page 2 BBPI Foundation (CIO) ## Statement of Financial Activities for the Year Ended 31 March 2022 ||||31.3.22|31.3.21| |---|---|---|---|---| ||||Unrestricted|| ||||Total|| ||||fund|funds| |||Notes|£|£| ||**INCOME AND ENDOWMENTS**|**FROM**||| ||Donations and legacies||5,840|-| ||**EXPENDITURE ON**|||| ||Raising funds|2|360|-| |Other||||| |1,870||||| |-||||| **Total** 2,230 - **NET INCOME** 3,610 - ## **RECONCILIATION OF FUNDS** ## **Total funds brought forward** 20,874 20,874 ## **TOTAL FUNDS CARRIED FORWARD** 24,484 20,874 The notes form part of these financial statements Page 3 The notes form part of these financial statements Page 3 BBPI Foundation (CIO) ## Balance Sheet 31 March 2022 |||31.3.22|31.3.21| |---|---|---|---| |||Unrestricted|| |||Total|| |||fund|funds| ||Notes|£|£| |**CURRENT ASSETS**|||| |Cash at bank||24,844|20,874| |**CREDITORS**|||| |Amounts falling due within one year|||| |5|||| |(360)|||| |-|||| ## **NET CURRENT ASSETS** 24,484 20,874 ## **TOTAL ASSETS LESS CURRENT LIABILITIES** 24,484 20,874 **NET ASSETS** 24,484 20,874 The notes form part of these financial statements Page 4 ## **FUNDS** 6 Unrestricted funds 24,484 20,874 ## **TOTAL FUNDS** 24,484 20,874 The financial statements were approved by the Board of Trustees and authorised for issue on 13 October 2022 and were signed on its behalf by: Ms Ayesha Qureshi - Trustee The notes form part of these financial statements Page 4 BBPI Foundation (CIO) Notes to the Financial Statements for the Year Ended 31 March 2022 ## **1. ACCOUNTING POLICIES** ## **Basis of preparing the financial statements** The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention. ## **Income** All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. ## **Expenditure** Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. 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. continued... Page 5 BBPI Foundation (CIO) Notes to the Financial Statements - continued for the Year Ended 31 March 2022 ## **2. RAISING FUNDS** ## **Raising donations and legacies** |**Raising donations and legacies**||| |---|---|---| ||31.3.22|31.3.21| ||£|£| |Support costs|360|-| ## **3. TRUSTEES' REMUNERATION AND BENEFITS** There were no trustees' remuneration or other benefits for the year ended 31 March 2022 nor for the year ended 31 March 2021. ## **Trustees' expenses** There were no trustees' expenses paid for the year ended 31 March 2022 nor for the year ended 31 March 2021. ## **4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES** Unrestricted fund £ **NET INCOME** - ## **RECONCILIATION OF FUNDS** **Total funds brought forward** 20,874 ## **TOTAL FUNDS CARRIED FORWARD** 20,874 continued... Page 6 BBPI Foundation (CIO) Notes to the Financial Statements - continued for the Year Ended 31 March 2022 |**5.**|**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**|**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**|| |---|---|---|---| |||31.3.22|31.3.21| |||£|£| ||Other creditors|360|-| |**6.**|**MOVEMENT IN FUNDS**||| |||Net|| |||movement|| |||At|| ||At 1.4.21|in funds|31.3.22| ||£|£|£| ||**Unrestricted funds**||| General fund 20,874 3,610 24,484 **TOTAL FUNDS** 20,874 3,610 24,484 Net movement in funds, included in the above are as follows: Incoming Resources Movement resources expended in funds £ £ £ ## **Unrestricted funds** General fund Page 7 5,840 (2,230) 3,610 ## **TOTAL FUNDS** 5,840 (2,230) 3,610 ## **7. RELATED PARTY DISCLOSURES** There were no related party transactions for the year ended 31 March 2022. Page 7 ## BBPI Foundation (CIO) |Detailed Statement of|Financial Activities|Financial Activities||| |---|---|---|---|---| |for the Year Ended 31|March|2022||| ||||31.3.22|31.3.21| ||||£|£| |**INCOME AND ENDOWMENTS**||||| |**Donations and legacies**||||| |Donations|||5,840|-| |**Total incoming resources**|||5,840|-| |**EXPENDITURE**||||| |**Other**||||| |Project cost|||1,870|-| |**Support costs**||||| |**Governance costs**||||| |Accountancy and legal fees|||360|-| |Total resources expended|||2,230|-| |**Net income**|||3,610|-| This page does not form part of the statutory financial statements Page 8