## **Trustees’** **The Year Ended 1st February 2024** Annual Report & Financial Statement ## **Legal & Administrative Information** |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|| www.kutuchandfoundation.org.uk Page 02 Annual Report & Financial Statement ## **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. In our second year following full registration, we have been able to build on the success of the first year. Our projects have continued successfully and in particular we have had a great year for our house build and tube well projects. On top of this we have increased the number of individuals/families that we are sponsoring and been able to help many families with income generation help. With everyone’s help and support we hope to build on this success over the coming few years. www.kutuchandfoundation.org.uk Page 03 Annual Report & Financial Statement ## **Board of Trustees Kutu Chand Foundation** Bilal Ahmed Aysha Khatun Taj Uddin Dr Alim Uddin ## **Trustees Report** The Trustees of Kutu Chand Foundation present the Annual Report and Financial Statement for the period from 2nd February 2023 to 1st February 2024. 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). www.kutuchandfoundation.org.uk Page 04 Annual Report & Financial Statement ## **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. www.kutuchandfoundation.org.uk Page 05 Annual Report & Financial Statement ## 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. ## 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. www.kutuchandfoundation.org.uk Page 06 Annual Report & Financial Statement ## **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. ## Our Mission Our mission consists of the following key areas: ## Our Values 100% donation policy Accountability Transparency **----- Start of picture text -----**
Food/Cash
distribution
Income
generation
Shelter/House
building
Sanitation/
clean water
Family/orphan
sponsership
Healthcare
Education
**----- End of picture text -----**
www.kutuchandfoundation.org.uk Page 07 **----- Start of picture text -----**
Annual Report
& Financial Statement
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## **Achievements and Performance in 2023*** 2023* has been a hugely successful year for Kutu Chand Foundation and we have been able to carry out some amazing work. ## **Summary of 2023** Total Raised-59k 7 projects delivered ## *** 2nd February 2023 to 1st February 2024** www.kutuchandfoundation.org.uk Page 08 Annual Report & Financial Statement ## **Projects Delivered** **----- Start of picture text -----**
Shelter/House
building
Income
generation
Food/Cash
distribution
Clean water
Family/orphan
sponsership
Healthcare
Education
**----- End of picture text -----**
## **Food Distribution in Lama Chandarpur** Over 200 food packages distributed in the village of Lama Chandarpur, Sylhet, Bangladesh. - Food packages consisted of staple food items, including rice, onions, lentils and oil - The food distribution was carried out in Ramadan 2023. Kutu Chand Foundation donated cows and goats to the local orphanage, which were used to feed hundreds of orphan children. www.kutuchandfoundation.org.uk Page 09 Annual Report & Financial Statement ## **Shelter/House Building** A total of £16,115 spent 8 houses built or repaired In the photos below you can see a selection of the houses we have built in the last year. The photos show the condition of the houses before and after completion of the projects. www.kutuchandfoundation.org.uk Page 10 ## **Cash Distribution** - £10,582 was distributed as cash to the poor and - needy - Cash distributed was used by poor and needy families for numerous life’s necessities. - Cash was distributed all over Sylhet ## **Income Generation** - A total of £6,094 was spent on income generating projects. Projects involved providing cows to families as a means of income generation and helping to start small businesses in order to generate sustainable income and enable the recipients to become self-sufficient. www.kutuchandfoundation.org.uk Page 11 Annual Report & Financial Statement # **Family/Student Sponsorship** £9,844 spent 12 families sponsored, consisting of orphans, widows and disabled. ## **Clean Water** Seven tube wells built/installed. £2,276 spent. www.kutuchandfoundation.org.uk Page 12 Annual Report & Financial Statement ## **Medical Help** £4,284 spent Multiple poor patients helped with funds to enable them to have urgent medical treatment. www.kutuchandfoundation.org.uk Page 13 Annual Report & Financial Statement ## **Plans for 2024** 2023 has been a very successful year in which we have been able to impact the lives of many individuals and families. The lives of many families have been completely transformed, most notably though our house build project as demonstrated in the before and after photos. Our ongoing tube well project has ensured that many more families have access to clean water. These projects have only been possible through the help of our generous donors and the hard work of our volunteers. The entire team at Kutu Chand Foundation look forward to 2024 and hope that it will be an even more successful year in which we build on the success of previous years. Our hope is that with your help, we can continue and expand these projects so that we can help more individuals and families and continues our mission to relieve poverty in Bangladesh. www.kutuchandfoundation.org.uk Page 14 Annual Report & Financial Statement ## **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: **16/5/2024** www.kutuchandfoundation.org.uk Page 15 Annual Report & Financial Statement ACC4)U￿ from 2 Felxw 2023 ￿ l Feb 2024 2023 T￿1 2023 Notr8 Unrestric*l Total 2024 Donatsons LauchGood.com Just Amazon Smile Giti Aid 40,016 40,016 8.75? 37,815 8.74? 366 io.:os 752 47,427 ents Charitable co￿$ larket & Fundrai$in i ernance Costs 46.911 55.133 44.83? co￿1 ioo ?00 300 47 530 52 Funds blfwd 2,295 17 F•￿1Y1 tyJw•#d bw"Id H*Fw To*1 2024 4Q.Qifj 40.016 Gift Ajd L•uncbGood 450 75? Am410n ect Co¥ts 4.446 JO.58• 2.276 4.284 9.844 2?0 cm'em￿¢t Coim 12 3.35: Fundi b 2013 2,704 2 )9$ 10.£s: 1.6-6 9.391 Page16 www.kutuchandfoundation.org.u Annual Report & Financial Statement ## **Approved by the Trustees** Name: **Taj Uddin** Position: **Treasurer & Trustee** Date: **16/5/2024** www.kutuchandfoundation.org.uk Page 17 Annual Report & Financial Statement lam ndco. .uk E: lnfo@alamandco.co.uk HADWELL A ou VKES LTD T "ALAM& CO T:01706361 Independent Ex•mlnws Rwt to the Chand Fowxlth: T rewt on the accounts of the charity f(Y the Year Ended Ill Febn￿ry 2024. Re4>eth Rwslbllltle• of Trnrt• and Examln•r: As the charftSes trustees you are resFM)nslble for the preparatlon of accounts. You con51der the awjlt requlrement of S144 (2) of the charities att 2011 (kns not a￿y, arKI that an independent examination Is needed. It Is my reswnslbllity to examlne the accounts under s145 of the 2011 Art to follow the ocedures lald down In the general directions given by the Charity Commission under S145(5)(b) of the 2011 act and to stste whether matters have come to ry attenuon. Basls of Independent Examlnera Raport My examination was carrfed out In accordance wtth the Genernl Dlrecth)ns glwi ty tr* Charty Commtssloners. An pjamlnatlon indudes a review of the accounting records kept by the charity ènd a comparison of the accounts presented wlth those records. It also IrKludes C(¥￿deratI￿ of any unusual Items or dlsdosures In the accounts and *klng of explanatlons from you as trustees concwnlng any such matters. The procedures undertaken do not Fyovbde all the thrfdeno that wtwld te requlred In audlt and consequenty no optlon is gbven as to whether the accounts present a and fair view" and the rewt Is Ilmlted to ttrrfjse matters set out In the statement below. In Conned￿ wlth my examination, no matter has come to rny att￿tI￿. l. Whlch glves me reasonable cause to believe tha( In any materfal resFrtt the requlrements: To keep accounts r￿Orts In accordan￿ wlth the CC S130 of the 2011 Att. To prepare accounts which accord with the &counting records WKI to COM￿ vdth the accountlNJ requlrements of the 2011-AcL MOHAMMED CHO DHURY FMAAT AAT Licensed Accountant & Independent Charfty Examlner Chadwell Accounting Services Limited cfiA Alam & Co) Offio 6, 65B LorKlon Road, Romford, Essex RM7 9QA ct*lw811 AC￿unI1ng Servlceg Lld TIA.. Alam & Co Ol¢ice 6 85B London Road RM7 OQA aat LICev￿ed & Re8ulated tythe under ￿r*￿te No. 6668 acie Offlce 6, 65B London Road. Romford, Esse4 RM7 9QA Page18 www.kutuchandfoundation.org.u