REGISTERED CHARiff NUMBER.. 328223 ort of the Trustees and Unaudited Financial Statements for the Year Ended 31 Janua 2024 for BENGALI ASSOCIATION MIDLANDS Virtual Accountancy Ltd 38 School Road Birmingham West Midlands B28 8HU
BENGALI A OCIATI N MIDLANDS Re rt of the Trustees for the Year Ended 31 JU The trustees present their report with the financial statements of the charty for the yeaT ende( 31 January 2024. The trustees have adopted the provisons of Accountsng and Reporting by Chartlies Statement of Recommended praCte apph"cable to charilies preparin9 Ihthr accounts in accordance wrth th( Financial Reporting Standard applicable in UK and Repl)11¢ of Ireland (FRS 102) (effective 1 Januarn 2019). STrUCTURE, GOVERNANCE AND MANAGEMEpir Governing document The charity is controllad by its governir4J document, a deed of trust and constitute5 an uncorPOrated charity. REFERENCE ANO ADMINISTRATIVE DEfAILS Registered Charlty number 328223 Princlpal addre HEATH STREET WINSON GREEN BIRMINGHAM West Midlands B184EE Trustees Mrs M Mittra Mr U K Ghosh MrTSen Mrs D Mazumdar Mr R Bagchi MrSDe Mrs M Ghosh Mr S Sarkar Mr D Biswas Dr R Baidya Ray Mi T Mukheriee Independent Examlner Virtual Accountancy Ltd 38 School Road Birmingham Wesl Midlands 828 8HU Approyed by order of the board of twstees on .... ............... . ...................... and sigrled on its behall by.. Dr R Ba*Jya Ray- Twstee Page 1
Inde ndent Examiner's Re rt to the Trustees of BENGALI ASSOCIATION MIDLANDS Independent examiner's report to the trustees of BENGALI ASSOCIATION MIDLANDS I report to the charty trustees on my examination of the accounts of BENGALI ASSOCIATION MIDLANDC {the Trust) for the year ended 31 January 2024. Responsibilities and basis of report As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance witk the requirements of the Charities Act 2011 ('the Act.). I report in respect of my examination of the Trusvs accounts carried out under Section 145 of the Act and ir carrying out my examination I have followed all applicable Directions given by the Charity Commission unde Section 145{5)(b) of the Act. Independent examiner's statement I have completed my examination. I confim that no material matters have come to my attention in conneclior with the examination giving me cause to believe that in any material respect." accounting records were not kept in respect of the Trust as required by Section 130 of the Act,. or the accounts do not accord with those records," or the accounts do not comply the applicable requirements concerning the form and content o account5 set out in the Charities (Accounts and Reports) Regulations 2008 other than any requiremen Ihat the accounts give a true and fair view which is not a matter considered as part of an independen examination. I have no concems and have ¢ome across no other matters in connection with the examination to whictr attention should be drawn in this report in order to enable a proper understanding of the accounts to bf reached. aqas Awan irtual A¢countancy Ltd 38 School Road Birmingham West Midlands B28 8HU Date.. Page 2
BENGALI ASSOCIATION MIDLANDS Statement of Financial Activities for the Year Ended 31 Janua 2024 31.1.24 Total funds 31.1.23 Total funds Unreslricted fund Restricted fund Notes INCOME AND ENDOWMENTS FROM Donations and legacies 60.526 60,526 120.556 Charitable activities Cultural Events Support Costs GENERAL EVENTS 900 900 2,790 650 650 other trading activtties Investment income 3,900 3.226 3.900 3,226 5,316 66 Total 69,202 69,202 128.728 EXPENDITURE ON Raising funds 29.631 29.631 11,576 Charitable activities Cultural Events Support Costs 5.018 5.018 12.649 Total 34,649 34.649 24,225 NET INCOME 34,553 34,553 104,503 RECONCILIATION OF FUNDS Total funds brought forward 166.932 215.687 382,619 278,116 TOTAL FUNDS CARRIED FORWARD 201,485 215,687 417.172 382,619 The notes form part of these financial statements Page 3
DLANDS Balan 31 Janua 2024 31.1.24 Total lunds 31.1.23 Total funds Unrestricted Restricled fund fund FIXED ASSErs Tangible &%sets 152.109 213.672 365,781 347,188 CURREKf AS8Ers Dèbtots Cash at bank and in hand 26.406 23.934 26.406 25,949 2.015 36,395 50.340 2,015 52.355 36,395 CREDrroRS Amounts falling due within one year (964} (964) {964) NET CURREKf ASSErs 49,376 2,015 51.391 35.431 TOTAL ASSETS LESS CURRENT UABILITIES 201,485 215,687 417.172 382.819 NEf ASSETS 201.485 215.687 417,172 382,619 FUNDS Unre8tTicted funds Restncted funds 10 201.485 215.687 166,932 215,687 TOTAL FUKIS 417,172 382.619 The financial statements were apryoved ty Ihe 8o¥d of Truste88 and authorised for issue and wer8 signed on its behf by.. IJ R Baya Ray- Trustee Mr U K Ghosh - Tiustee The notes fonn part of Itse financial statements Pa9e 4
BENGALI ASSOCIATION MIDLANDS Notes to the Financial Statements for the Year Ended 31 Janua 2024 ACCOUNTING POLICIES Basis of pparIng the financial statements The financial statements of the charity. which is a public benefit entity under FRS 102, have beer prepared in accordance with the Charilies SORP (FRS 1021 'Accounting and Reporting by Charities Statement of Recommended Practice applicable to charities preparing their accounts in accordanct with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effectiv 1 January 2019)., Financial Reporting Standard 102 'The Financial Reporbng Standard applicable In th UK and Republic of Ireland, and the Charities Act 2011. The financial statements have been prepare( under the historical cost convention. Income All income is recognised in the Statement of Financial Activities On the charty has entrtlement to thf funds. it is probable that the income will be received and the amount can be measured reliably. Expenditure Liabililies are recognised as expenditure as soon as there is a *al or constructive obligatioi committing the charity to that expenditure, it is probable that a transfer of econofflic benefits will bt required in settlement and the amount of the obligation can be measured reliably. Expenditure i: accounted for on an accruals basis and has been classified under headings that aggregate all cos related to the category. Where costs cannot be directly attributed to particular headings they have beer allocated to activrties on a basis consistent with the use of resources. Tanglble fixed assets Depreciation is provided at the following annual rates in order to write off each asset over its estimatei useful life. Taxation The chafity is exempt from tax on its charitable activits'es. Fund accounting Unrestricted funds can be used in accordance with the charitable objectives at the discretion of th( trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity Restrictions arise when specrfied by the donor or vthen funds are raised for particular restricte( purpose5. Further explanation of the nature and purpose of each fund is included in the notes to the financia slatements. Page 5 continued...
BENGALI ASSOCIATION MIDLANDS Notes to the Financial Statements - continued for the Year Ended 31 Janua 2024 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued Unrestricted Restricted fund fund Total funds Charitable activities Support Costs 12,649 12,649 Total 24,225 24,225 NET INCOME 104.503 104,503 RECONCILIATION OF FUNDS Total funds brought forward 62,429 215,687 278.116 TOTAL FUNDS CARRIED FORWARD 166,932 215.687 382,619 TANGIBLE FIXED ASSErs Fixtures and fittings Freehold property Totals COST At 1 February 2023 Additions 341,806 19.400 35,413 377.21g 19.400 At 31 January 2024 361.206 35,413 396,619 DEPRECIATION At 1 February 2023 Charge for year 30,031 807 30.031 807 At 31 January 2024 30,838 30.838 NET BOOK VALUE At 31 January 2024 361.206 4,575 365.781 At 31 January 2023 341.806 5,382 347,188 Page 7 Continued...
8ENGALI ASSOCIATION MIDLANDS Notes to the Financial Statements- continued for the Year Ended 31 Janua 2024 DEBTORS.. AMOUNTS FALLING DUE WITHIN ONE YEAR 31.1.24 31.1.23 Other debtors 26.406 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.1.24 31.1.23 Other Creditors 964 964 10. MOVEMENT IN FUNDS Net movement in funds At 31.1.24 At 1.2.23 Unrestricted funds General fund 166,932 34.553 201,485 Restricted funds Restricted Fund - Land project Fund 215,687 215,687 TQTAL FUNDS 382,619 34.553 417,172 Net movement in funds. included in the above are as foll0v. Incoming resour$ Resources expended Movemenl in funds unstrICted funds General fund 69.202 (34,649) 34,553 TOTAL FUNDS 69.202 (34.649) 34,553 Page 8 continued..
BENGALI ASSOCIATION MIDLANDS Notes to the Financial Statements - continued for Ihe Year Ended 31 Janua 2024 10. MOVEMENT IN FUNDS - continued Comparatives for movement in fijnds Net movement in funds At 31.1.23 At 1.2.22 Unrestricted funds General fund 62.429 104.503 166,932 Restricted funds Restricted Fund - Land project Fund 215,687 215,687 TOTAL FUNDS 278.116 104,503 382,619 Comparative net movement in funds. included in the above are as follows". Incoming resources Resources expended Movement in funds Unrestricted funds General fund 128,728 124,225) 104.503 TOTAL FUNDS 128,728 (24,225) 104,503 A current year 12 months and prior lear 12 months combined position is as follows. Nel movemenl in funds At 31.1.24 At 1.2.22 Unrestricted funds General fund 62,429 139.056 201,485 Restricted funds Restricted Fund - Land project Fund 215.687 215,687 TOTAL FUNDS 278,116 139.056 417.172 Page 9 continued.-.
BENGALI ASSOCIATION MIDLANDS Notes to the Financial Statements- continued for the Year Ended 31 Janua 2024 10. MOVEMENT IN FUNDS . continued A current year 12 months and prior year 12 months combined net movement in funds. included in thE above are as follows. Incoming resources Resources expended Movement in funds Unrestricted funds General fund 197.930 158.874) 139,056 TOTAL FUNDS 197,930 {58.874) 139,056 11. RELATED PARTY DISCLOSURES There were no related party transactions for the year ended 31 January 2024. Page 10
BENGALI ASSOCIATION MIDLANDS Detailed Statement of Financial Activities for the Year Ended 31 Janua 2024 31.1.24 31.1.23 INCOME AND ENDOWMENTS Donations and legacies Gifts-Aid Donations- General E)onations - restricted Membership Fees 26,406 26,744 8,857 16,197 89,400 6.102 7,376 e0,526 120,556 Other tradlng activities Sponsorships 3.900 5,316 Investment income Deposit Account Interest 3,226 66 Charitable activities General events income Senior Citizen Club Hall Hire 1,715 400 675 650 900 1,550 2,790 Total incoming resources 69.202 128,728 EXPENDITURE Raising donations and legacies Pula Expenses 15,798 11,576 Charitable activities Cultural Event 3,718 Support costs Management Postage and stationery Cleaning 1,384 1.249 2.309 2,309 2,633 Finance Bank charges 120 Other Telephone Carried forward 180 180 648 648 This page does not form part of the statutory financial statements Page 11
BENGALI ASSOCIATION MIDiANDS Detailed Statement of Financial Activrties for the Year Ended 31 Janua 2024 31.1.24 31.1.23 Other Brought forward Fixtures and fittings 180 807 648 950 987 1,598 Other 3 Repairs Insurance Light and heat Waste Disposal 5.984 1,123 4,103 1,683 1,069 4,497 769 11,210 8,018 Governance costs Auditors, remuneration Sundries 450 57 400 507 400 Total resources expended 34,649 24,225 Net income 34,553 104,503 This page does not form part of the statutory financial statements Page 12
BENGALI ASSOCIATION IMIDLANDS Contents of the Financial Statenients for the Year Ended 31 Janua Page Report of the Trustees Independent Examinerfs Report Statement of Financial Activities Balance Sheet Notes lo the Financial Statements 5 to 10 Detailed Statement of Financial Activities 11 to 12