MINHA FOUNDATION Charity Registration Number.. 1200760 REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Prepared and approved by the Trustees of the Charity Page1 of11
MINHA FOUNDATION FOR THE YEAR ENDED 31 DECEMBER 2023 CONTENTS Pages Cover Contents Information of Financial Statements Report of the ExecUtie CommiTtee Statement of Financiatr Actrvities Page2of11
MINHA FOUNDATION FOR THE YEAR ENDED 31 DECEMBER 2023 Chalrperson Mr Mahfuzur Rahman ADDRESS 6 Duckett Street Londoo E14LU Mr Mahfuzur Rahman Mr Saieh Iqbal Mr Mostafa Bayzid Al-sadi Page3of11
MINHA FOUNDATION REPORT OF THE EXECUTIVE COMMiEE FOR THE YEAR ENDED 31 DECEMBER 2023 The trustees present their report and financial statements for the year ended 31 December 2023. The trustees have prepared the financial statements in accordance viith Ihe Charities SORP {FRS 102) and applicable accounting stsndards and regulations. LO9 Statu& The charity is registered with the Charity Commission. Charty Number: 1200760. The charity was established with a view to promoting the benefit of Bangladeshi al The relief of financial hardSP and relief ot sickness and weservation of health among people residing in Bangladesh b> The relief of povety throughout thfr Wofld aFKI the PFOViSiOlI of SUPFQrt wi# education . Page4of 11
MINHA FOUNDATION REPORT OF THE EXECLMVE COMMirrEE FOR THE YEAR ENDED 31 DECEMBER 2023 Organisation: The charity is managed by a Management Committee. whose members are the trustees. The Management Committee is responsible for managing the affairs of the charity, including the authorisatKJn and payment of expenses. IrJJ Trustees: The trustees, who are members of the Executive Committee and who served during the year, are Ilsted on page 3. Trustees are elected at the Annual General Meeting and serve until the conclusion of the next Annual General Meeting, where they are eligible for re-election. Truslees, Responsibilities in Relalion ta tha Financial Slatements The trustees are responsible for preparing the Twstees, Annual Report and the fIrn¢la1 statements in accordatKe wilh applicable law and United Kingdofft accounting standards, including the Charities SORP (FRS 102}. The law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view ol the state of affairs of the charity and of the incoming resources and application of resources for that period. In preparing these financial statements, the truslees are required to. Select Suitab accounting policies and apply them consistenty ObseNe the methods and principles in the Charities SORP (FRS 102) Make judgements and estimates that are reasonable and prudent Prepare the financial statements on a going concern basis unless it is inappropriate to presume that the tharty. will continue in operation Th8 trust88s are Fasponsi fot keeping adequ accou9 Fecotds that aFft sufficient to show and explain the charity's transactions and disclose with reasonable accuracy the financial position of the charty. They are also responsible for safeguarding the assets of the charity and for laking reasonable steps for the prevention and detection of fraud and other irregularities. Volunteers: The trustees wish to record their appreciation to the volunteers who support the charity. Their contribution is essential to the effective operation of the charity and helps to keep adrninistrative costs low. Risk Revlew: The trustees have conduG(od a rqview of the maior risks lo whioh the tharty is exposed and have established systems and procedures to mitigate those risks. The charty continues to monilor and Feview its act+v11 to eFsure OFWIF compliance and improvement. All vofunteers are appropriatety trained and. where necessary, hold relevant clearances. Page5of 11
MINHA FOUNDATION REPQRT QF THE EXECUTIVE COMmIEE FOR THE YEAR ENDED 31 DECEMBER 2023 Serlous Incidents and Exceptions: The trustees confirm that there were no serious incidents during the year that Fequtfed reporting to the Chafty Commtssion. The tfustees ale also satlsfied that there Vre no matters requiring errtry in the Charis eXp110nS register. Related Party Transactions: During the year, the charty was under the control of its trustees and Management Committee members as listed in this report. No trustee or member of the Management Committee received any remuneration during the year. No trustee or rei&ed party had any material interest ID. any contraGt or transaction. entoied iryto by the charty during the year. Reserve Policy: 11 is tho w)licy of tho chartiy to maintain unr8stFiCtod ros8rv•s at 810Vg1 suffKionl to cover approximately one year of expenditure. The trustees consider this level of reserves appropriate to ensure continuity of the charity's activities in the event of a reduction in funding. The trustees continue to monitor reserves and consider ways to maintain or improve this level where necessary. Under the provisions of the Charities Act 2011, the charity is not required to have a full audit for this financiaf year. The revised financiaf statements have been prepared. and approved by the trustees based on the chaiity's ac¢ountin9 records. Flnanclal Rwl•w: The Statement of Financial Activities shows a nel surplus for the year of £1,928. At the end ot the tinanciat year, totat funds stood at £4,489. These financial statements have been prepared in accordance with the Charities SORP {FRS 102) and applicable United Kingdom accounting standards. Approval: ro¥8d by tho tfkJSt8es and signed on thoii behalf b Mr mahf.uzur Rahman . Chairperson Date.. 2610412026 Page6of11
MINHA FOUNDATION Statement of Financ1 Activities (Income & Expenditure Ststement) FOR THE YEAR ENDED 31 DECEMBER 2023 Incoming Resources Description General Donation & Contribution Unrestricted (£) Restricted (£) Total (£1 3.340 3.340 Resources Expended Direct Charitable Expenditure Rent. Rates and Service Charges cteaning 120 120 Management & Administration Expenses Accountancy 450 450 Consultaney Administration Expenses llllllll 1.134 1134 Net Incoming Resources (Surplus) Fund5 1,928 1928 Net Movement for the Year 1,928 1928 Total Funds BroUt Forward (01 Jan 2023) Page Tof fl
MINHA FOUNDATION Sumrnary Income and Expenditure Account FOR THE YEAR ENDED 31 DECEMBER 2023 Notes 2023 (£) Description 1340 Net Surplus for the Financial Year There were no recognised gains or losses other than those included in the Income and Expenditure Aco)unt for the year. Page8of11
MINHA FOUNDATION Ststemenl of Assets & Liabilities (Balance Sheet) As at 31 December 2023 oril Current Assets Cash al Bank & in Hand 939 Current Liabilities Description. Accruals (Note 3) Totsl Current tiabilities Funds: Brought Forward 2,561 Surplus for the Year 1.928 Total Funds Iheir behalf.. Mr Mahfuzur Rahman Chairperson Date: 2610412026 The Notes on pages 10 to 11 fomi part of these financial statements. Page9of11
MINHA FOUNDATION FQR THE YEAR ENDED 31 DECEMBER 2Q23 NOTES TO THE ACCOUNTS 1. ACCOUNTING POLICIES &asis of AccouThtiThg The financial statements have been prepared under the historical cost convention. TfiNancial statements have been Pfepared irF aecofdance with the Chafities SORP (FRS 102) and the Statement of Recommended Practice (SORP) applicable to charities. b. Income Income from donations and contributions is recognised when received. Donalions are recorded on a receipt basis. d. lftcomhig Resources Voluntary income is included in the Statement of Financial Activities when receivable. Where income is received for a specrfic future purpose, It is deferred until the conditions are met. Expenditure is accounted for on an accruals basis and indudes irrecoverable VAT. Costs are amocated directy to the activities to which they relate. Where costs relate to more than one activity, they are apportioned on a reasonable basis. f. Going Concern Tho financial statements have been prewed ott a going ooncem ljasks. The trustees consider that there are no material uncertainties about the chanty's ability to continue as a concefft. g. Admlnlstratlon Costs Administration costs include all expendfture not thirectiy related to charitable activities. h. Taxation The charty is exempt from Lix on its in(xxne and gains to the extent that they are applied for charitable purposes. Fixod Assets The charity had no fixed assets during the year. Accordingly. no depreciation has been charged. Page100111
MINHA FOUNDATION FQR THE YEAR ENDED 31 DECEMBER2Q23 NOTES TOTHE ACCOUNTS 2023 (£) 2. Net Surplus of the Financial Year The net surplus for the year is stated after charging: Accountancy fees 450 3. Creditors and Accruals Accountsncy accrual Total 450 450 4. Funds Balance at 7 January 2023 Net surplus the year Balanc8 at 31 Decornbor 2023 2,561 Page11 of11