REGISTERED COMPANY NUMBER: |
REGISTERED CHARITY NUMBER: |
Report of the Trustees and |
Unaudited Financial Statements for the Year Ended 28 February 2023 |
for |
Bangladesh Community Development |
REGISTERED COMPANY NUMBER: |
REGISTERED CHARITY NUMBER: |
Report of the Trustees and |
Unaudited Financial Statements for the Year Ended 28 February 2023 |
for |
Bangladesh Community Development |
Bangladesh Community Development |
Contents of the Financial Statements |
for the Year Ended 28 February 2023 |
Page |
Report of the Trustees | 1 | to | 2 |
Statement of Financial Activities | 3 |
Balance Sheet | 4 | to | 5 |
Notes to the Financial Statements | 6 | to | 9 |
Bangladesh Community Development (Registered number: 05169619) |
Report of the Trustees |
for the Year Ended 28 February 2023 |
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 28 February 2023. The trustees have adopted the provisions of 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 2019). |
OBJECTIVES AND ACTIVITIES |
The Charity is established for charitable purposes and the objects of the Charity are:- |
To promote, provide for and encourage the benefits of the inhabitants of Birmingham particular but not exclusively those inhabitants from the Bangladeshi community, without distinction of sex, sexual orientation, race or other opinions, by associating together the said inhabitants, local authorities, voluntary and other organisations in a common effort to advance education and to provide facilities in the interest of social welfare for recreation and other leisure-time occupation with the objective of improving the conditions of life of the said inhabitants. |
ACHIEVEMENT AND PERFORMANCE |
BCD has plans to expand on these activities to cater for the needs of the community and create a better society. Funding has been a constraint in past few years and the organisation hopes to be able to secure further funding in the coming year to carry out its objects. |
FINANCIAL REVIEW |
Reserves policy |
The trustees have established a policy whereby the unrestricted funds held by the charity should be between 3 and 6 months of the resources expended. At this level, the management committee feel that they would be able to continue the current activities of the charity in the event of a significant drop in the funding. At present the free reserves do not reach this target level and the trustees are looking at various options to improve this situation. |
The management committee meets every Tuesday to review the activities and finances of the charity. |
Total incoming resources for the period amounted to £ Nil (2022: Nil) with neither a gain or deficit (2022: Nil) at the year end. |
FUTURE PLANS |
BCD plans to continue with its activities and provide additional services subject to obtaining further funding as required. |
STRUCTURE, GOVERNANCE AND MANAGEMENT |
Bangladesh Community Development was formed as a charity under a trust deed dated 18th August 1998 and is registered with the Charity Commission - registered number 1074027. The charity was incorporated as a company limited by guarantee on 2nd July 2004, company number 5169619. |
The charity is governed by the board of trustees who are also it's directors. New directors are appointed by resolution of the members at a general meeting. |
The Projects Supervisor, who is not a trustee, is responsible for the day to day management of the charity. |
Bangladesh Community Development (Registered number: 05169619) |
Report of the Trustees |
for the Year Ended 28 February 2023 |
REFERENCE AND ADMINISTRATIVE DETAILS |
Registered Company number |
Registered Charity number |
Registered office |
Trustees |
Company Secretary |
Approved by order of the board of trustees on |
Bangladesh Community Development |
Statement of Financial Activities |
for the Year Ended 28 February 2023 |
28.2.23 | 28.2.22 |
Unrestricted | Restricted | Total | Total |
funds | fund | funds | funds |
Notes | £ | £ | £ | £ |
NET INCOME |
RECONCILIATION OF FUNDS |
Total funds brought forward | ( |
) | ( |
) | ( |
) |
TOTAL FUNDS CARRIED FORWARD | ( |
) | ( |
) | (907 | ) |
Bangladesh Community Development (Registered number: 05169619) |
Balance Sheet |
28 February 2023 |
28.2.23 | 28.2.22 |
Unrestricted | Restricted | Total | Total |
funds | fund | funds | funds |
Notes | £ | £ | £ | £ |
CURRENT ASSETS |
Debtors | 6 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 7 | ( |
) | ( |
) | ( |
) | ( |
) |
NET CURRENT ASSETS/(LIABILITIES) | ( |
) | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
( |
) |
( |
) |
NET ASSETS/(LIABILITIES) | ( |
) | ( |
) | ( |
) |
FUNDS | 9 |
Unrestricted funds | ( |
) | (907 | ) |
TOTAL FUNDS | ( |
) | (907 | ) |
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023. |
The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 in accordance with Section 476 of the Companies Act 2006. |
The trustees acknowledge their responsibilities for |
(a) | ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. |
Bangladesh Community Development (Registered number: 05169619) |
Balance Sheet - continued |
28 February 2023 |
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime. |
The financial statements were approved by the Board of Trustees and authorised for issue on |
Bangladesh Community Development |
Notes to the Financial Statements |
for the Year Ended 28 February 2023 |
1. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. |
Tangible fixed assets |
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. |
Fixtures and fittings | - |
Computer equipment | - |
Taxation |
The charity is exempt from corporation tax on its charitable activities. |
Fund accounting |
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. |
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. |
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. |
2. | TRUSTEES' REMUNERATION AND BENEFITS |
There were no trustees' remuneration or other benefits for the year ended 28 February 2023 nor for the year ended 28 February 2022. |
Trustees' expenses |
There were no trustees' expenses paid for the year ended 28 February 2023 nor for the year ended 28 February 2022. |
Bangladesh Community Development |
Notes to the Financial Statements - continued |
for the Year Ended 28 February 2023 |
3. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES |
Unrestricted | Restricted | Total |
funds | fund | funds |
£ | £ | £ |
NET INCOME |
RECONCILIATION OF FUNDS |
Total funds brought forward | (907 | ) | - | ( |
) |
TOTAL FUNDS CARRIED FORWARD |
(907 |
) |
- |
(907 |
) |
4. | AVERAGE NUMBER OF EMPLOYEES |
0 |
5. | TANGIBLE FIXED ASSETS |
Fixtures |
and | Computer |
fittings | equipment | Totals |
£ | £ | £ |
COST |
At 1 March 2022 and 28 February 2023 |
DEPRECIATION |
At 1 March 2022 and 28 February 2023 |
NET BOOK VALUE |
At 28 February 2023 |
At 28 February 2022 |
Bangladesh Community Development |
Notes to the Financial Statements - continued |
for the Year Ended 28 February 2023 |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
28.2.23 | 28.2.22 |
£ | £ |
Other debtors |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
28.2.23 | 28.2.22 |
£ | £ |
Bank loans and overdrafts (see note 8) |
Other creditors |
Accrued expenses |
8. | LOANS |
An analysis of the maturity of loans is given below: |
28.2.23 | 28.2.22 |
£ | £ |
Amounts falling due within one year on demand: |
Bank overdrafts |
9. | MOVEMENT IN FUNDS |
Net |
movement | At |
At 1.3.22 | in funds | 28.2.23 |
£ | £ | £ |
Unrestricted funds |
General fund | (907 | ) | - | (907 | ) |
TOTAL FUNDS | ( |
) | - | (907 | ) |
Net movement in funds, included in the above are as follows: |
Incoming | Resources | Movement |
resources | expended | in funds |
£ | £ | £ |
TOTAL FUNDS | - |
Bangladesh Community Development |
Notes to the Financial Statements - continued |
for the Year Ended 28 February 2023 |
10. | RELATED PARTY DISCLOSURES |
11. | COMPANY LIMITED BY GUARANTEE |
Members of the charitable company guarantee to contribute an amount not exceeding £1 to the assets of the charitable company in the event of a winding up. The total number of such guarantees at 28th February 2023 was 4 (2022: 4). |