East Anglian Bangladeshi Islamic Trust Charity No. 01190589 Trustees, Report and Unaudited Accounts 30 September 2024 EastAn8lian Ban5lad85hi 151amiETru5t Table of Content Pages Trustees, Annual Report 2to2 Independeffl Examlner's Report 3103 ststement of Financial ACt￿ltIeS 4t04 Balance She 5105 Statement of Cash flows 6t06 Notes tothe Atcounts 7t07 Detalled Statement ol Flnandal Activltles EastAn8lian Bans￿dEShi 151amKTru5t INCORPORAT1014 The ¢h8rit3ble company w8s incorporated on 28July 2020 and commenced rrading 1st oaober 2020. STRUCTVRE, GOVERNANCE AND MANAGEMENT Govemlng Docume The chanty Is controlled by its governing document, a deed of trust, and constitutes a Limited tompany, limited by guarantee, as as defined by the Companies Act 2006 Thetrustees present their report with the unaudited financial statements of the charity forthe year ended 30 September 2024. REFERENCE AND ADMINISTRATIVE DETAILS Charlty Mo. 01190589 Trustees Thefollowing tru5tee5 served during the year.. M Uddin IAppointed 28th July 20201 A Hussain (Appointed 28th July 20201 S A Ali (Appointed 28th November 20221 J A Ali (Appointed 28th November 20221 A Safique (Appointed 28th November 20221 N Ahmed (Appointed 28thJuly 20201 Independerrt Examiner Prime Accountants Chartered Secretary & Accountants 29A New Road, London EI IHE Statement of trustees. responslbllltles In relatlon to the flnanclal statement$ The charity trustees 3re responsible for preparing a trustee5' Bnnual report 2nd financial statements in accordance with applicable13w and United Kingdorn Accounting Standards Iunited Kingdorn Generally Accepted Accountin£ Practicel. The trustees are responsible for keeping proper accounting fft¢Drds that dlsclost wlth reasDnable accuro¢y at any tlmethe fin8n¢ial position of rhe charity and ro enable them to ensure that the financi?1 statemenrs comply with the Ch3rities Act 2011, the applicable Charities (Accounts and Reportsl Regulations, and the provisions of the Trust deed. The Trustees are 3150 responsible for $3fe8uardin8 the a55et5 of the charity and hence taking reasonable step5 forthe prevention i detettion of fraud and other irrègularities. signed on behalf of the charity's trusrees N Ahmed- Trustee 16th June 2025 EastAn8lian Bans￿dEShi 151amKTru5t Independerrt Examinerfs Report to the trustee5 of East An￿lan Ban8lade5hi IslamicTrust I reporr to the irustees on my examination of the financial staiemenis of East Anglian Bangladeshi Islamic Trust for rhe year ended 30 September 2024. Responsibilities and basis of report As the charity's trustees you are responsible for rhe preparation of the financial statements ID ac¢ordaD¢e wirh the requirements of the Charities Act 20111.the Act'l. I report in respect of my examination of the ch3rity'S financièl statements carried out under section 145 of the 2011 Act and In carrying out my examSnation I have followed all the appllcable DSredions given by the CharSty Commlsslon under section 14515llbl of the Aci. Independent examiner'5 Statement I have completed my examination. I tan confirm that no material m3ttÈrs have tome to my attention In connection with the examination giving me cause to believe that in any material respect.. the accounting record5 were not kept in respect of the charity a5 required by Section 130 of the Act,. or the financial statèments do not accord with those records., or the financial staremenis do not comply with rhe applicable requirements Concerning the form and contenr of financial st3tements set out in the Charities (Accounts and Reports) Regulations 2008 other th3n any requirementthat the financial 5t3ternent5 8ive a'true and fair, view which is not a matter considered as part of an independent examination. I 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 ststements to be reached. Moin Nayeem ACIS AFA MIPA MAAT Chartered Governance Insrituie Prime Accountants 29A New Road London EI IHE 16th June 2025 EastAn8lian Bans￿dEShi 151amKTru5t ststen*Dt of FlnanclalA¢tfvftles Forth8y8ar 8nded 305￿pt￿rnkngr 2024 Unrestrkted lund5 2024 Total fund5 20Z4 Totslfund5 2023 Notes Incornea￿ endowments 52,103 52.103 31.406 Other Totsi 52.103 52.103 31.406 EypendTtuYe on.. Other 41,B74 41.874 20.450 Total Net8ains on investments NEtincom• Transfers between fvnds 41,874 41.874 2Q,45Q 10,229 10.229 10,956 Netlncomebeforeother8alns/llossesl 10.229 10.229 10.956 OtherySnsand lomes Netmovement In funds RecondlSatlon of lunds.. 10.229 10.229 10,956 Total funds br¢ughtfotward 176.261 176.261 165.305 TOtsIf￿￿d$farrf¢dfDrnwa 186,490 186,490 EastAn8lian Bans￿dEShi 151amKTru5t 88lawe Sheet At 30SeptembEr2024 2024 2025 Fixed assets T?ngible a$5ets 145.881 145.881 145.881 145,881 C￿￿enta$sets Debtors sh at bank and in hènd io 6,499 34,299 40,798 6,499 24.020 Creditor5'. Amountf311ingdue within oneyear Neicurrent assets 35,220 25.132 Netassets exdudlngpenslon assetorllabllltv Totsi w assets 171.D13 Thefunds ofthe tharity Re5tridedfund5 Ufflre5trictedfund5 196,145 176,261 196,145 176.261 Resetves 12 Tgtalfunds 196,145 176.261 Approved bytheiwstees on 15April 2025 And signed on their behalf bw. N Ahmed-Tru5tee Trustee 16th June 2025 EastAn8lian Bans￿dEShi 151amKTru5t East Anglian Bangladeshl IslamicTrnst Notes to the Accounts forthe year ended 30 Sewember 2024 l Accountin¥ policie5 Basis of preparatlon The financ131 statemenrs have been prepared in accordance with siaiement of Recommended Pr3¢tice'. Accounting and Reporting by Charities preparing their accounts in Bccordance with the Financial Reporting Standard applicable in the UK and Republic if Ireland IFRS 1021 issued on 16 july 2014 and the Financial Reportln8 Standard applicable in the United Kin8dom Republic of Irel3nd IFRS 1021 and the Charities Att 2011. than8e in basis of accounting orto prevlous accounts There has been no change to the accounting policies Ivaluation rule5 and method of accounting) since last yearand no change5 have been madeto accounts for previous years. Fund a££ounting Unrestricted fund5 These are available for use at the discretion of the tru5tee5 in furtherance of the seneral objects of Deslgnated funds These are Jnrestricted funds earmarked bythetrustees for partlcular purposes. Income Recognition of income Income is Included In the St8rement of Financial Activities15oFAI when the charity becomes entirled to. 3n( virtually certain to receive, the income 2nd the amount of the income can be measured with 5uMicient Intome with related Where intomÈ has related expenditurÈ the intome and related Èxpenditure is reported gross In the expenditure SOFA. Donarions and Volunrary income received by way of grants. donations and gifts is included In the the SOFA when receivable 2nd only when the Charity has uncondition31 entitlement to the income. Income from tax reclaims 15 included in the SOFA atthe same time as the giftldonation to which it relate5. These are only included in income (with èn equivalent amount in expenditure) where the benefit to the Charlty is reasonably quantSflable, measurable and Tax reclaims on donations Donated services and Volunteer help The value of any volunteer help received Is not included In the accounts. Investment income This is included In the accounts when receivable This includes any gain or loss resulting from revaluing investments to market Value atthe end of the year. assets G3ins/llossesl This includes ènygain or loss on the sale of investments. on investment EastAn8lian Bans￿dEShi 151amKTru5t Expendi(ure Recognition of expenditure E¥penditure on Expenditure is recognised on an accruals basis. Expenditure includes any VATwhiih cannot be fully recovered, and is ￿ ported as part of the expenditure to which it relates. These comprise the costs associated with attracting voluntary Income. fundraising tr8ding costs and investment management cost5. These comprise the costs incurred bythe Charity in the delivery of its activitie5 and service5 In the furtherance of its oble¢ts, including the making of Erants and governante tosts. Expenditure on Grants payable All grant expenditure is accounted for on an actu31 paid basis plus an accru31 for grants th3t h3ve been approved by the trustees at the end ofthe year but not yet paid. Govemance costs These Include those costs assoclared wlth meetlng rhe constltutional and statutory reqJlrements of the Charity, including any auditlindependent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration cost5. Other expenditure These are 5UPPOrt costs not allocated to a particular activity. Taxatlon The ch3rity is exemptfrom tax on its charitable activities. Freehold inve￿ment property Invesrment properties are measured Initi?Ily ar cost and subsequently at fair value It e¥ch balance sheet date and are not depreciated. All gains or losses are taken to the Statement of Fin3ncial Activitie5 a5 they arise. Stocks 5to¢k is Included at the lower of cost or net realisable value. Donated items of stock are re¢ognised at fair value which is the amount the charity would have been willing to pay for the items on the open market. Trade and other debtors Trade and other debtors are recognised ar the settlemenr amount due after any trade discount offered. Prepayments are valued atthe amount prepaid net of any trade discounts due. Cash and tash equivalerfs Cash and cash equivalents comprise cash at bank and on hand, demand deposits wirh banks and other short-term hlghly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdraft5 are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalent5 are shown net of bank overdraft5 that are repayable on dernand and form an integral part of the coTnpany's cash management. Trade and other creditors Shortterm creditors are measured at the transaction price. Other creditor5 and provisions are reco8n15ed where the charity hès è present obligation resulting from a past èvènt that will probèbly result in the transferof funds to è third party ènd the amount due to settle the obligation can be me8sJred or estimated reliably. Crediiors and provisions are normally recognised attheir settlement amount after allowing for any trade discount5 due. EastAn8lian Bans￿dEShi 151amKTru5t Notes to the Accoums Research and development Expènditure on rèsearch ènd development is written off in theyeèr in which it is inturred. Forel8n currencle$ Monetary a55ets and liabilitie5 denominated in currencies other than thefunction31 currencyofthe charity are tr3n51ated at the rate5 of exchange prevailing atthe end of the reporting period. Transactions in ¢urren¢ies other than the functional currency of the charity are recorded at the rate of exchange on the date that the transaction occurred. All exchange difference5 are are taken into account in arriving at net income/expend1tu￿. Leased assets Where the charity enters Inio a lease which entails taking subst¥ntially all the risks and rewards of ownership of an asset. the lease istreated as a finance lease. Leases which do nottran5fEr substantially all the risks and reward5 of ownershipto charity are classified as operating lea5e5. lease or, if lowèr, at the present value of ihe minimum lease payments. The corresponding liability to the lessor is intluded In the balance sheet date as a finance lease obligation. Lease payments are apportioned between finance expenses and reduction of the le35e obligation so a5 to achieve a constant rate of interest on the remainin8 balance of the liability. Finance expenses are recognised immediately. unless they a￿ directly attributable to 4Utlifying èssets, in which case they are Asset5 held underfinance lease5 are depreciated in the same way as owned assets. Operating lease payments are recognised 35 an expense on a straight-line ba515 over the lease term. In the event that lease intentives are received to entèr into trperatinE leases, such incentives are recognised as 3 lièbility. The aggregtte benefit of in¢enrives is rectsgnised as a reducrion Of rental expense on a straight-line basis. Pension cost5 The charity opèrate5 a defined contribution plan for its employees. A defined cantribution plan is a pension plan under which the charity pays fixed contributions into a separate entlty. Once the Contributions have been paid the charity has no further p3yments obligations. The contributions are recognised as expenses when they fall due. Amounts not paid are shown in 3ccrua15 in the balance sheet. The asset5 of the plan are held separatelyfrom the charity in independently administered funds. Recelpt of donated goods. facllltlesand senA¢es All donated goods, facilities and services received are recognised within incoffling resources and expenditure at an estimate of the value to the charity. EastAn8lian Bans￿dEShi 151amKTru5t East Anglian Bangladeshi IslamicTrust Notes to the Account5 2 Ststement of Financial Actlvitles- prlor year Unrestricted lunds Total funds 2023 2023 Imtome and endowments from.. Donations and legacies Other 31,406 31.406 Total Expend￿Ure on.. Raising funds Other 31.406 31,406 20,450 20,450 20,450 20,450 Total Net income Net income before other gainslllossesl Other Ealns and losses: Net movtment In funds Reconciliation of funds.. Total funds ¢arrled forward 10,956 10,956 10,956 10,956 10,956 10,956 In¢omelrom donations and legacies Unrestrfjrte Total 2024 Total 2023 4 Other income Totsl 2024 Total 2023 Expenditure on raisin8 fund5 Total Total 2024 2023 Investment monooement costs 6 Other expenditure Unrestricte Total 2024 Total 2021 Employee costs Premises costs Amortisation, depreciation, irnpairment, profit/1055 on di5P05al of fixed 355et5 GeTrer31 admlnlstratlve costs Legal and professional costs 11.509 24.053 11.509 24.053 7,785 9,803 4,312 4,312 2,255 607 EastAn8lian Bans￿dEShi 151amKTru5t Net income belore transfer5 2024 2021 This is stated after charging-. Depreciation of owned fixed asset5 8 stsff tosts 2024 2023 larie5 and wages Pension costs 11,411 98 7,526 259 No employee received ernoluments in excess of Cost or revaluation At l October 2023 At 30 September 2024 Net book values At 30 September 2024 145,881 145,881 145.881 145,881 145 881 At 30 September 2023 145.881 145 881 10 Debtors 2024 2023 Other debtors 6,499 6,499 6,499 6.499 11 Creditor5'. amounts falling due within one year 2024 2023 Othertaxes and social se¢urirv Othercreditor5 Accrua15 191 5,¥87 191 5,196 5.578 IZ Movement In funds At30 58pt8rnb8v 2024 resources other Èainslitssse51 Re5ource5we￿ded AtIOrtober Resitltted funds.. Unrestricted funds.. General funds 52,103 141,8741 186,490 Total funds 176 261 186 490 13 Analyslsof assets bdween funds Unrestricted lunds Total Fixed A55etS Net Current Assets 145,881 35,299 181.180 145,881 35,299 181,180 EastAn8lian Bans￿dEShi 151amKTru5t 14 Reconclllatlon of net debt At 1st Ortober At30th September Cash flows 2023 2024 Cash and cash equivalents 24,070 10,229 34,299 24,070 10,229 34,299 Net debt 24.070 10.229 34,299 15 Commitment5 Operotlng leuse commltments Annual ¢ommirments under non-cancellable operating leases are as follows.. 2024 Land and bulldln2S 1024 2023 Land and bulldlngs 2023 Other Operatin8 leases with expiry date.. Penslon commltmet7ts The pension cost charge tothe Adjustments for.. 2024 2023 EastAn8lian Bans￿dEShi 151amKTru5t East Anglian Bangladeshi IslamicTrust ststement of Cash Flows forthe year ended 30 Sewember 2024 2024 2023 Cash IIDwsfrom operating actr¥ities Net income perstaternent of Financial Activitie5 10,666 11,426 Adjustmentsfor.. Decrea5e/llncrea5el in trade and other receivable5 Increase in trade and other payables 14371 17601 Net cash provided by/lused in) operating activities 10,229 10,666 Net cash from investing activities Net cash from financing actNities Net increase In cash and tash equivalents 10,229 10,666 Cash and cash equivalents atthe beginningof the year 24,070 13,876 Cash and Cash equivalents atthe end of the ¥e•r Componenis of Cash and cash equlvalerfs Cash 3nd bank balances 34,299 24,070 EastAn8lian Bans￿dEShi 151amKTru5t Detailed StsterneTrt