Kutu Chand Foundation Trustees Annual Report and Financial Statement For The Year Ended Ist February 2023 WWW.KUTUCHANDFOUNDATION.ORG.UK **----- Start of picture text -----**
A N N U A L R E P O R T
A N D F I N A N C I A L S T A T E M E N T
Legal &
Administrative
Information
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## **CHARITY NAME** Kutu Chand Foundation ## **CHARITY REGISTRATION NUMBER** 1196433 ## **TRUSTEES** Taj Uddin Bilal Ahmed Aysha Khatun Dr Alim Uddin ## **REGISTERED OFFICE** 38 Fernhall Drive Ilford IG4 5BW ## **BANK** Lloyds Bank PLC 15 Blackheath Village London SE3 9LH ## **INDEPENDENT EXAMINER** Mohammed Chowdhury FMAAT (Affiliated member of ACIE) Chadwell Accounting Services Limited T/A Alam & Co Office 6, 65B London Road, Romford RM7 9QA info@alamandco.co.uk P A G E 0 2 W W W . K U T U C H A N D F O U N D A T I O N . O R G . U K A N N U A L R E P O R T A N D F I N A N C I A L S T A T E M E N T ## Message **from The Board of Trustees** Kutu Chand was the nickname of Mofur Uddin. He started from humble beginnings and became an orphan at a very young age. Much of his early life was lived in poverty. Things took a positive turn for him when he was given the opportunity to migrate to the UK. Life in the UK was difficult for him as he worked most of his working life in factories and sometimes worked 7 days a week. Through his hard work he was able to change the financial situation of his family. He was known among the community in the UK as well as in Bangladesh for his generosity and willingness to help the poor and needy. He was diagnosed with lung cancer in 2016 and sadly passed away in 2019. Kutu Chand Foundation was started by us, his family, after his death as we wanted to continue his legacy of charity. It was registered with the Charity Commission around two years after his death. It fills us with great pride that we have been able to establish this charity which has already helped so many people and changed so many lives. The achievements of the last year have been many and none of it would have been possible without the hard work of all those involved with Kutu Chand Foundation. We would like to take this opportunity to extend our gratitude and appreciation to all our donors, volunteers and well wishers for their continued support and hard work. With your continued help and support we plan on building on this in the coming year and helping even more of the poor and needy in Bangladesh. **----- Start of picture text -----**
Bilal Ahmed Aysha Khatun
P A G E 0 3
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A N N U A L R E P O R T A N D F I N A N C I A L S T A T E M E N T ## Trustees **Report** The Trustees of Kutu Chand Foundation present their first Annual Report and Financial Statement for the period from 5th November 2021 to 1st February 2023. The Trustees confirm that the Annual Report and Financial Statements of the charity comply with the current statutory requirements, the requirements of the charity’s governing document and the provisions of the Statement of Recommended Practice (SORP) “Accounting and Reporting by Charities” applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and the Republic of Ireland (FRS 102) (effective 01 January 2015). ## Structure, Governance **and Management** ## **GOVERNING CONSTITUTION** Kutu Chand Foundation is a charity registered with the Charity Commission for England and Wales. The charity was established by Constitution and registered with the Charity Commission for England and Wales on 5th November 2021, under registration number 1196433. It is governed by a constitution adopted on 26th June 2021. ## **ORGANISATIONAL STRUCTURE** The trustees are responsible for the governance of the charity and the day-to-day management is performed by the trustees and volunteers. All trustees and volunteers give their time voluntarily and receive no renumeration or other benefits. The trustees meet regularly and are responsible for the decisions taken in relation to running the charity. ## **RISK MANAGEMENT** The trustees have assessed the risks the charity faces and the nature of those risks. The trustees review risks regularly and strengthen their perspective on these issues through meetings. The trustees are satisfied that systems are in place, or arrangements are in hand to manage the risks that have been identified. P A G E 0 4 W W W . K U T U C H A N D F O U N D A T I O N . O R G . U K A N N U A L R E P O R T A N D F I N A N C I A L S T A T E M E N T ## **VOLUNTEERS** Volunteers are involved and are a crucial part of all our charity projects and meet regularly in team meetings. When recruiting volunteers, we make the necessary checks to ensure the volunteers have the appropriate skills for the organisation and understand the charity objectives. ## **PUBLIC BENEFIT** The trustees confirm that they have considered the general guideline issued by the Charity Commission in connection with Public Benefit in setting the objectives of the charity. ## Our **Objectives** Our aims and objectives at Kutu Chand Foundation are to relieve poverty in Bangladesh. ## Our **Vision** The relief of poverty in Bangladesh by providing grants for healthcare, education, nutrition, sanitation, clean water and skills training designed to enable individuals to generate sustainable income and become self sufficient. P A G E 0 5 A N N U A L R E P O R T A N D F I N A N C I A L S T A T E M E N T ## Our **Mission** Our mission consists of the following key areas: **----- Start of picture text -----**
Sanitation/
clean water
Income
Healthcare
generation
Food/cash
distribution
Shelter/
Education
House buidling
Family/orphan
sponsorship
P A G E 0 6 W W W . K U T U C H A N D F O U N D A T I O N . O R G . U K
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W W W . K U T U C H A N D F O U N D A T I O N . O R G . U K A N N U A L R E P O R T A N D F I N A N C I A L S T A T E M E N T ## Our ## **Values** **----- Start of picture text -----**
100%
Accountability Transparency
Donation policy
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## Achievements **and Performance in 2022*** 2022* has been a hugely successful year for Kutu Chand Foundation and we have been able to carry out some amazing work. * 5th November 2021 to 1st February 2023 ## **SUMMARY OF 2022** P A G E 0 7 W W W . K U T U C H A N D F O U N D A T I O N . O R G . U K A N N U A L R E P O R T A N D F I N A N C I A L S T A T E M E N T ## Projects **Delivered** **----- Start of picture text -----**
House
Building
Family/Student Cash
Distribution
Sponsorship
Projects
Food
Clean Water
Distribution
Income
Generation
P A G E 0 8 W W W . K U T U C H A N D F O U N D A T I O N . O R G . U K
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W W W . K U T U C H A N D F O U N D A T I O N . O R G . U K A N N U A L R E P O R T A N D F I N A N C I A L S T A T E M E N T ## Food Distribution **in Lama Chandarpur** - Over 350 food packages distributed in the village of Lama Chandarpur - Food packages consisted of staple food items, including rice, onions, lentils and oil - Two distributions were carried out - Winter 2021 and Ramadan 2022 P A G E 0 9 W W W . K U T U C H A N D F O U N D A T I O N . O R G . U K A N N U A L R E P O R T A N D F I N A N C I A L S T A T E M E N T ## Cash **Distribution** - £10,924 was distributed as cash to the poor and needy - Cash was distributed all over Sylhet - Majority of the cash distribution was carried out directly by the trustees who all visited Bangladesh in 2022 P A G E 1 0 W W W . K U T U C H A N D F O U N D A T I O N . O R G . U K A N N U A L R E P O R T A N D F I N A N C I A L S T A T E M E N T ## Shelter/House **Building** - A total of £12,528 spent - 6 houses built or repaired P A G E 1 1 W W W . K U T U C H A N D F O U N D A T I O N . O R G . U K A N N U A L R E P O R T A N D F I N A N C I A L S T A T E M E N T ## Income **Generation** - Two families were provided for - £1,898 spent - Two cows were bought for one family - Another family was provided with a tuktuk P A G E 1 2 W W W . K U T U C H A N D F O U N D A T I O N . O R G . U K A N N U A L R E P O R T A N D F I N A N C I A L S T A T E M E N T ## Family/Student **Sponsorship** - £6,692 spent - 8 orphans/families sponsored ## Clean **Water** - Four tube wells built - £850 spent P A G E 1 3 W W W . K U T U C H A N D F O U N D A T I O N . O R G . U K A N N U A L R E P O R T A N D F I N A N C I A L S T A T E M E N T ## Plans **for 2023** Whilst 2022 has been a very successful year, we always strive to improve and our aim is to make 2023 an even better year. We hope, with your help, to continue these projects and deliver many more successful projects. Our plan is to impact many more individuals and families and give them hope of a better future. The entire team at Kutu Chand Foundation look forward to 2023 to continue our mission to relieve poverty in Bangladesh. ## Statement of **Trustees’ Responsibilities** The trustees are required to prepare financial statements for each financial year in compliance with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and all other applicable law which give a true and fair view of the state of affairs of the charity and the incoming resources and application of resources, including the net income and expenditure for the year. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. In preparing those financial statements, the trustees are required to: - Select suitable accounting policies and then apply them consistently; - Make judgements and estimates that are reasonable and prudent; - State whether applicable accounting standards have been followed, subject to any material departures Disclosed and explained in the financial statements; and - Prepare the financial statements on the going concern basis, unless it is inappropriate to presume that the charity will continue to operate. The trustees confirm that the accounts comply with current statutory requirements. This report was approved by the trustees and signed on their behalf by: Name: Taj Uddin Position: Treasurer & Trustee Date: 4/6/2023 P A G E 1 4 W W W . K U T U C H A N D F O U N D A T I O N . O R G . U K A N N U A L R E P O R T A N D F I N A N C I A L S T A T E M E N T |**ACCOUNT FROM 5 NOVEMBER 2021 TO 1 FEB 2023**|**ACCOUNT FROM 5 NOVEMBER 2021 TO 1 FEB 2023**|**ACCOUNT FROM 5 NOVEMBER 2021 TO 1 FEB 2023**|**ACCOUNT FROM 5 NOVEMBER 2021 TO 1 FEB 2023**|**ACCOUNT FROM 5 NOVEMBER 2021 TO 1 FEB 2023**| |---|---|---|---|---| ||**NOTES**|**UNREDSTRICTED**|**RESTRICTED**|**TOTAL**| |Receipts|1|||| |Donations||37,815||37,815| |Justgiving|||366|366| |Amazon Smile||21||21| |Gift Aid||9,225||9,225| |**Total Receipts**||**47,061**|**366**|**47,427**| |||||| |Payments|2|||| |Charitable Costs||44,466|366|44,832| |Governance Costs||300||300| |**Total**||**44,766**|**366**|**45,132**| |||||| |**Total Surplus/Loss**||**2,295**|**0**|**2,295**| |||||| |**Funds b/f**||||| |**Funds c/f**||**2,295**|**0**|**2,295**| P A G E 1 5 W W W . K U T U C H A N D F O U N D A T I O N . O R G . U K A N N U A L R E P O R T A N D F I N A N C I A L S T A T E M E N T |**Notes 1 & 2: RECEIPTS AND PAYMENT ANALYSIS**|**Notes 1 & 2: RECEIPTS AND PAYMENT ANALYSIS**|**Notes 1 & 2: RECEIPTS AND PAYMENT ANALYSIS**|**Notes 1 & 2: RECEIPTS AND PAYMENT ANALYSIS**|**Notes 1 & 2: RECEIPTS AND PAYMENT ANALYSIS**|**Notes 1 & 2: RECEIPTS AND PAYMENT ANALYSIS**|**Notes 1 & 2: RECEIPTS AND PAYMENT ANALYSIS**|**Notes 1 & 2: RECEIPTS AND PAYMENT ANALYSIS**|**Notes 1 & 2: RECEIPTS AND PAYMENT ANALYSIS**|**Notes 1 & 2: RECEIPTS AND PAYMENT ANALYSIS**|**Notes 1 & 2: RECEIPTS AND PAYMENT ANALYSIS**|**Notes 1 & 2: RECEIPTS AND PAYMENT ANALYSIS**|**Notes 1 & 2: RECEIPTS AND PAYMENT ANALYSIS**|**Notes 1 & 2: RECEIPTS AND PAYMENT ANALYSIS**| |---|---|---|---|---|---|---|---|---|---|---|---|---|---| |**PROJECT NAME**||**FOOD**
**DISTRIBUTION**
**TO POOR AND**
**NEEDY**||**CASH**
**DISTRIBUTION**
**TO POOR AND**
**NEEDY**||**SHELTER/HOUSE**
**BUILD PROJECT**||
**INCOME**
**GENERATION**
**PROJECT**||**CLEAN WATER**|**FAMILY/**
**STUDENT**
**SPONSORSHIPS**|**GENERAL HELP**
**FUNDS**|**TOTAL**| |Donations||||||||||||37,815|37,815| |Gift Aid||||||||||||9,225|9,225| |Justgiving||366|||||||||||366| |Amazon Smile||||||||||||21|21| |**Total Receipts1**||**366**||||||||||**47,061**|**47,427**| ||||||||||||||| |**Project Costs**|5,680||11,174||12,528||1,898||1,100||6,442|6,010|44,832| |**Governance Costs**||||||||||||300|300| |**Total Payments2**|**5,680**||**11,174**||**12,528**||**1,898**||**1,100**||**6,442**|**6,310**|**45,132**| ||||||||||||||| |Surplus/Loss|(5,314)||(11,174)||(12,528)||(1,898)||(1,100)||(6,442)|40,751|2,295| ||||||||||||||| |**Funds b/f**|||||||||||||| |Transfers|5,314||11,174||12,528||1,898||1,100||6,442|(38,456)|**0**| |**Funds c/f**|**0**||**0**||**0**||**0**||**0**||**0**|**2,295**|**2,295**| P A G E 1 6 W W W . K U T U C H A N D F O U N D A T I O N . O R G . U K A N N U A L R E P O R T A N D F I N A N C I A L S T A T E M E N T |**RECEIPTS AND PAYMENT ANALYSIS**|**RECEIPTS AND PAYMENT ANALYSIS**| |---|---| |**Tangible Assets**|| |**Net Assets:**|| |Bank and Cash in Hand|2,595| |**Total Assets**|**2,595**| |Liabilities ‘Creditors|300| |**Total Assets less Liabilities**|**2,295**| ||| |**Capital Reserve**|| |Unstricted Funds|2,295| |Restricted Funds|0| |**Total Reserve**|**2,295**| ## Approved by Trustees Name: Taj Uddin Position: Treasurer & Trustee Date: 4/6/2023 P A G E 1 7 W W W . K U T U C H A N D F O U N D A T I O N . O R G . U K LSLTDT "AIJM&COF.01 51 Indep*￿ ExaMIn￿ RtyLWt to the Tfu%tee ol Kuni CHAND FOUNDATION: I rewrt on the accounts t* the tharlty ts the 1st Feiw 2023. requlrement of S144 {2) of the tharities act 2011 indth COn￿eratIOn of any unusual Items or (Ksclowres In tsE Kc(wnts a￿1 seeking of explarkitions from ￿ as trustees corthnlrKJ any SL matters. The procedures urKlertaken do rnt mide all trR eldentr that Mxjld ￿ req￿re0 In a￿lIt •KI consequenty no orth is g1￿ as to tre and falr VW and the report Is Ilmited to those matters set (Krt in the staternert below. To keep r£C(￿nts reciYd5 In CC S130 rf the 2011 Act r￿u1re￿￿ts of ￿ 2011 .kL 24-o&- A023 MOHAM ED CHO￿￿Ry FIIAAT (Affiliated member of ACIE) Chadwell ACC￿nting S8¥Kes Lnnited (TIA Alam & Co) Offio 6, 65B London Road, Romford, Essex RM7 9QA T1￿￿m&cO OITKe 6 6SB London Road RMI aat acie Office 6, 65B lo￿l0n Road. Romfonl. Esse4 RM7 PAGE 18 WWW.KUTUCHANDFOUNDATION.ORG.UK Kutu Chand Foundation WWW.KUTUCHANDFOUNDATION.ORG.UK