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
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MINHA FOUNDATION
FOR THE YEAR ENDED 31 DECEMBER 2023
CONTENTS
Pages
Cover
Contents
Information of Financial Statements
Report of the ExecUti￿e CommiTtee
Statement of Financiatr Actrvities
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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
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MINHA FOUNDATION
REPORT OF THE EXECUTIVE COMMi￿EE
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 hardS￿P 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 .
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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
fIr￿n¢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* accou￿9 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 eF*sure OFWIF
compliance and improvement.
All vofunteers are appropriatety trained and. where necessary, hold relevant
clearances.
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MINHA FOUNDATION
REPQRT QF THE EXECUTIVE COMmI￿EE
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 V￿re no matters requiring errtry in the Chari￿s eX￿p110nS 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
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MINHA FOUNDATION
Statement of Financ￿1 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 BroU￿t Forward
(01 Jan 2023)
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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.
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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.
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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.
T￿fiNancial 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.
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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
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