MIRGONJ WELFARE ORGANISATION
Charity Number: 1191021
Financial Statements
For the Year Ended 31 March 2024
12 Lobbs Wood Close Leicester, LE5 1DH
MIRGONJ WELFARE ORGANISATION
Financial Statements
For the year ended 31 March 2024
| Contents | ||
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| Page(s) | ||
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| Title Page | ||
| Contents Page | 2 | |
| Board of Trustees | 3 | |
| Management Committee Summary | 4 | |
| Statement of Financial Activities | 5-7 |
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MIRGONJ WELFARE ORGANISATION
Committee 2024
Abdul Ahad Helaly (Chairperson) Anamul Haque Fokrul Islam Azad Miah Naeem Islam Mohammed Abdul ahad Abdul Mannan Abdul Ali Mohammed Abdul Nessa Jasim Uddin Mahmud Miah
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MIRGONJ WELFARE ORGANISATION
Management Committee Summary
This is our third report since the appointment of this board of Trustee elected by the members of the Centre on 25 August 2020. This report contains the Centre’s financial activities starting from 01 April 2022 to 31 March 2024. This was prepared for submission to the Charity Commission.
In line with our constitution requirements, we always endeavor to deposit collections of your kind and generous donations into the Centre’s bank account in a timely manner, as well as making all payments via the bank account, acquiring receipts; sometimes we cannot do so for those small petty cash expenses.
We have collected donations mainly from trustee’s and from other individuals who were interested to give donations for the poor people and children of Mirgonj area, Bangladesh (Mirgonj is an area of Sylhet district).
We have given donations to the children and people for education, food, clothes etc.
Our trustees organize that particular donation program and make sure there is fairness and accountability.
We thank to the participants who provides donations to the poor people of Mirgonj.
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MIRGONJ WELFARE ORGANISATION
Receipts and Payments Accounts
For the year ended 31[st] March 2024
Notes to financial statements
1. Accounting policies
- (a) Basis of preparation
The financial statements have been prepared under the historical cost convention. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities (SORP 2005) issued in 2005 and applicable UK Accounting Standards and the Charities Act 1993.
- (b) Fund’s structure
Unrestricted income funds comprise those funds which the trustees are free to use for any purpose in furtherance of the charitable objects. Unrestricted funds include designated funds where the trustees, at their discretion, have set aside resources for a specific purpose.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by the donor.
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(c) Incoming resources
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All incoming resources are recognised once the charity has entitlement to the resources, it is certain that the resources will be received, and the monetary value of incoming resources can be measured with sufficient reliability. The following specific policies are applied to categories of income:
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(d) Resources expended.
Liabilities are recognized as resources expended as soon as there is a legal or constructive obligation committing the charity to the expenditure. All expenditure is accounted for an accruals basis and has been classified under headings that aggregate all costs related to the category.
- (e) Charitable activities
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both the direct pay and non-pay costs and support costs relating to those activities.
2. Related party transactions and trustees’ remuneration
The trustees received nil remuneration during the year.
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MIRGONJ WELFARE ORGANISATION
Receipts and Payments Accounts Receipts and payments At the year ended 31[st] March 2024
Unrestricted funds Receipts £ Donations from trustees and other individuals 6,900.00 Payments Spent on education/clothes/food 00.00 Net of receipts/(payments) for the year 6,900.00
Approved by the trustees on date and signed on their behalf by:
Abdul Ahad Helaly
(Chairperson)
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