Registered Charity number: 294601
STEVENAGE BANGLADESHI CULTURAL CENTRE (SBCC)
Annual Report and Financial Statements
For the Year Ended
31 July 2024
STEVENAGE BANGLADESHI CULTURAL CENTRE (SBCC) Report and accounts Contents
| Page | |
|---|---|
| Reference and Administrative Details | 1 |
| Trustees' Report & Statement of responsibilities | 2-4 |
| Independent Examiner Report | 5 |
| Statement of Financial Activities | 6 |
| Balance Sheet | 7 |
| Notes to the Annual Accounts | 8-10 |
STEVENAGE BANGLADESHI CULTURAL CENTRE (SBCC) Reference and Administrative Details
Trustees S Uddin Trustee A Helem Trustee M F Islam Trustee A Sattar Trustee Principal Office 79 Albert Street Stevenage Herts SG1 3NY Bankers Lloyds Bank Town sq Stevenage Herts Independant Examiner HA Accountants 26 Leagrave Road Luton Beds LU4 8HZ
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STEVENAGE BANGLADESHI CULTURAL CENTRE (SBCC)
The report of the trustees for the year ended 31 July 2024
The trustees present their annual report and accounts for the year ended 31 July 2024
Objectives and Activities.
Charitable Objectives.
The Charity's is governed by the Trust Deed amended on 7th February 2010.
Aims and Objectives
The objectives of the Trust set by the constitution is to provide facility for the Bangladeshi Muslim community within Stevenage and surrounding areas in providing facilities to practice Islam and teach Islamic education in accordance with the Holy Quran and Ahadith within the bounds of Ahle-Sunna Wal Jamaat
Objectives for the year.
During this year the charity sought to:
-Further improve awareness of it's existence, facilities and services offered.
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-To continually enhance the facilities provided.
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-To develop and enhance the educational curriculum.
Public benefit statement
The Trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit published by the Charity Commission for England & Wales.
Use of volunteers
The charity uses the services of volunteers in a number of ways;
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To assist in raising the profile of the charity.
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To assist with maintaining the records of the charity.
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To assist with the development of the charity.
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To maintain the buildings.
Achievements and Performance of the Charity
-The Charity continued to provide service and facilities for the Bangladeshi Muslim Community in Stevenage.
Financial Review
During the year the charity's income was £45,931 (2023: £45,703) and after expenditure of £52,772 ( 2023 : £44,953) the carry forward reserves stood at £241,257 (2023: £248,098).
Reserves policy
The Trustees have resolved to establish over the next few years reserves to provide for future activities, and to provide funding for the expected expenditure for twelve months ahead.
C t d t b d k l d d i
Principal funding source
The principal income was generated from donations though the public in accordance with the objectives of the charity. The principal expenditure related to the provisions of prayer facilities and childrens Islamic education.
Plans for future periods
The Charity will also continue enhance building facility in delivering the aims and objectives of the Trust.
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STEVENAGE BANGLADESHI CULTURAL CENTRE (SBCC) The report of the trustees for the year ended 31 July 2024
Structure, Governance and Management
Nature of the Governing Documents and constitution of the charity
The Charity's objects and regulation are regulated by the constitution adopted on 28 May 1986 as amended on 7 February 2010 and the charity is an unincorporated association. Eligibility for membership of the charity, and membership of the board of trustees is governed by the constitution. There are no restrictions in the constituiton on the operation of the charity or on its investment powers, other than those imposed by general charity law.
Recruitment and appointment of new trustees
New Trustees are appointed by invitation based upon the specific requirements and the skill set needed by the charity to help advance the charitable objectives.
Induction and training of trustees.
We have at the moment no policy or procedure for the training of trustees, other than the "do's and don'ts" publication provided by the charity.
Organisational structure and management.
Trustees meet regularly on a monthly basis to discuss and plan objectives and implementation thereof. Matters of general concern are raised with all members. Day to day management and responsibility for implementing policies is carried out by trustees.
The Trustees undertake all final decisions with implementation being delegated amongst each other.
Membership of a wider network
The charity has no responsibility for nor is it answerable to any other organisation.
Related parties
Other than the Trustees and those persons connected with them there are no individuals who are related parties. Details of transactions with related parties are shown in the notes to the accounts. This includes remuneration and expenses paid to Trustees.
Risk Management
The trustees acknowledge their responsibilities for establishing a risk management system and satisfield that appropriate systems and procedures are under development and continue to keep the strategic, business and operational risk under review with view to introducing, where necessary, additional procedures to mitigate these risks.
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STEVENAGE BANGLADESHI CULTURAL CENTRE (SBCC) The report of the trustees for the year ended 31 July 2024
Statement of Trustees' Responsibilities
The Charities Acts require the Board of Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity as at the end of the financial year and of the surplus or deficit of the charity. In preparing those financial statements the Board is required to :-
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select suitable accounting policies and then apply them consistently;
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make judgements and estimates that are reasonable and prudent; and - prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
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state whether applicable accounting standards and statements of recommended practice have been followed, subject to any material departures disclosed and explained in the financial statements.
The Trustees are also responsible for maintaining adequate accounting records which disclose with reasonable accuracy at any time the financial position of the charity and which are sufficient to show and explain the charity's transactions and enable them to ensure that the financial statements comply with regulations made under the Charities Act.
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.
The trustees are also responsible for the contents of the trustees' report, and the responsibility of the independent examiner/ auditor in relation to the trustees' report is limited to examining the report and ensuring that , on the face of the report, there are no inconsistencies with the figures disclosed in the financial statements.
This report was approved by the board of trustees on 14th May 2025
M F Islam Trustee
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Independent Examiners Report on the Accounts
Report to the trustees/members of:
STEVENAGE BANGLADESHI CULTURAL CENTRE (SBCC)
On accounts for the year ended:
31 July 2024
Charity no: 294601 Set out on pages: 8 to 13
Respective responsibilities of trustees and examiner
The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the Charities Act) and that an independent examination is needed.
It is my responsibility to:
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examine the accounts under section 145 of the Charities Act 2011.
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to follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the 2011 Act), and
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to state whether particular matters have come to my attention.
Basis of independent examiner’s statement
My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a 'true and fair' view and the report is limited to those matters set out in the statement below.
Independent examiner’s statement
ln connection with my examination, no matter has come to my attention which gives me reasonable cause to believe that, in any material respect, the requirements:
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to keep accounting records in accordance with section 130 of the Charities Act 2011 Act; and
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to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act have not been met.
Name: M A Haque Bsc, MBA, FFA
HA Accountants 26 Leagrave Road Luton Beds LU4 8HZ
15th May 2025
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STEVENAGE BANGLADESHI CULTURAL CENTRE (SBCC)
Statement of Financial Activities For the Year Ended 31 July 2024
| Notes Income and Endownments from Donations and legacies Other Income 2 RESOURCES EXPENDED Cost of charitable activities Governance costs 3 Total funds carried forward Total incoming resources Total resources expended Net movement in funds Total funds brought forward |
Unrestricted funds Total Funds 2024 £ £ 45,931 45,931 0 0 45,931 45,931 52,372 52,372 400 400 52,772 52,772 -6,841 -6,841 248,098 248,098 241,257 241,257 |
Last Year Total Funds 2023 £ 45,703 0 45,703 44,553 400 44,953 750 247,348 248,098 |
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The net movement in funds referred to above is the net incoming resources as defined in the Statement of Recommended Practice for of Accounting and Reporting issued by the Charity Commission for Engtand & Wales and is reconciled to the total funds as shown in the Balance Sheet on page 7 as required by the said statement.
All activities derive from continuing operations
The notes on pages 8 to 10 form an integral part of these accounts
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STEVENAGE BANGLADESHI CULTURAL CENTRE (SBCC)
BALANCE SHEET
As at 31 July 2024
| Notes The assets and liabilities of the chartty: Fixed Assets 5 Total fixed assets Current Assets 14,442 14,442 6 (3,305) The funds of the charity: 8 241,257 Total assets less current liabilities Total Net Assets Unrestricted income funds Total charity funds Tangible assets Cash at bank and in hand Creditors: amounts falling due within one year Net Current Assets |
2024 £ 230,120 230,120 11,137 241,257 241,257 241,257 |
12,536 12,536 (614) 248,098 |
2023 £ 236,176 236,176 11,922 248,098 248,098 248,098 |
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Approved by the board of trustees on 14th May 2025
M F Islam Trustee
The notes on pages 8 to 10 form an integral part of these accounts.
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STEVENAGE BANGLADESHI CULTURAL CENTRE (SBCC) Notes to the Accounts For the Year Ended 31 July 2024
1 Accounting policies
Statement of compliance
These accounts have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015)- (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
Basis of preparation
The Charity meets the definition of public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.
Exemption from preparing a cash flow statement
The Charity opted to early adopt Bulletin 1 published on 2 February 2016 and therefore not included a cash flow statement in these accounts.
Going concern
The trustees consider that there are no material uncertainties about the Charity's ability to continue as a going concern.
Transition to FRS 102
In preparing the accounts, the trustees have considered whether in applying the accounting policies required by FRS 102 and Charities SORP FRS 102 a restatement of comparative items was required. No restatements are required as a result of the transition to FRS 102.
Income and endowments
Voluntary income including donations, gifts, legacies and grants that provide core funding or are of a general nature is recognised when Charity has entitlement to the income, it is probable that the income will be received and the amount can be measured with sufficient reliability.
Going concern
Donations and legacies are recognised on a receivable basis when receipt is probable and the amount can be reliably measured.
Volunteer help
The value of any voluntary help received is not included in the accounts but is described in the trustees’ annual report.
EXPENDITURE AND LIABILITIES
Liability Recognition
Liabilities are recognised where it is more likely than not there is a legal or constructive obligation committing the charity to pay out resources and the amount of the obligation can be measured with reasonable certainty.
Governance costs
Include costs of the preparation and examination of statutory accounts, the costs of trustee meetings and cost of any legal advice to trustees on governance or constitutional matters.
Fixed assets and depreciation
All tangible fixed assets are capitalised if they can be used for more than one year and are stated at cost less depreciation. Items of less than £1000 are not capitalised.
Depreciation has been provided at the following rates in order to write off the assets (less their estimated residual value) over their estimated useful economic lives.
Freehold Building 2% straight line
A regular annual review of the likelihood of asset impairment is undertaken.
Taxation
The charity is exempt from corporation tax on its charitable activities.
Funds stucture policy
The charity maintains a general unrestricted fund which represents funds which are expendable at the discretion of the trustees in furtherance of the objects of the charity. Such funds may be held in order to finance both working capital and capital investment. Restricted funds can only be used for particular restricted purposes within the objects of the charity.
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STEVENAGE BANGLADESHI CULTURAL CENTRE (SBCC) Notes to the Accounts For the Year Ended 31 July 2024
| 2 Incoming resources 2024 £ Voluntary income General Donations 45,931 45,931 Other Income Sundry 0 0 3 Resources expended 2024 Charitable activities: £ Staff Cost 27,213 Pension 0 Motor Expenses 0 27,213 Premises Cost Non Domestic & Water Rates 10,340 Light & Heat 4,260 Repairs & Maitenance 2,535 17,135 Administrative expenses Insurance 1,049 Telephone 319 Depreciation 6,056 7,424 Others Professional Charges 0 Equipment Expense 600 Sundry Expenses 0 600 52,372 Governance costs: Accountancy/ Internal Examiner 400 4 Staff Costs and Emoluments 2024 £ Gross Salaries 27,213 Employer's National Insurance 0 27,213 Numbers of full time employees or full time equivalents 2024 £ Engaged on charitable activities 2 Administration 0 There were no fees or other remuneration paid to the trustees There were no employees with emoluments in excess of £60,000 per annum |
2023 £ 45,703 45,703 0 0 2023 £ 29,034 133 300 29,467 799 2,323 2,872 5,994 862 1,049 6,056 7,967 0 0 1,125 1,125 44,553 400 2023 £ 29,034 0 29,034 2023 £ 1 0 |
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STEVENAGE BANGLADESHI CULTURAL CENTRE (SBCC) Notes to the Accounts For the Year Ended 31 July 2024
5 Tangible fixed assets
| Freehold Property £ Asset cost, valuation or revalued amount At 1 August 2023 302,795 Additions 0 At 31 July 2024 302,795 Accumulated depreciation and impairment provisions At 1 August 2023 66,619 Charge for the year 6,056 At 31 July 2024 72,675 Net book value At 1 August 2023 236,176 At 31 July 2024 230,120 All assets are used for charitable purposes. 6 Creditors: amounts falling due within one year Trade creditors 7 Analysis of the Net Movement in Funds Net movement in funds from Statement of Financial Activities Net movement in funds available for future activities 8 Net Assets by fund Unrestricted funds £ Tangible Fixed Assets 230,120 Current Assets 14,442 Current Liabilities (3,305) Long Term Liabilities - 241,257 |
Fixtures & Fittings 0 0 0 0 0 0 0 0 2024 £ 3,305 3,305 Restricted funds £ - - - - 0 |
Total £ 302,795 0 302,795 66,619 6,056 72,675 236,176 230,120 2023 £ 614 614 2024 £ -6,841 -6,841 Total Funds 2024 £ 230,120 14,442 (3,305) - 241,257 |
2023 £ 750 750 Total Funds 2023 £ 236,176 12,536 (614) - 248,098 |
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9 Related Party Transactions
No fee or expenses were paid to trustees or persons connected with them
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