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REGISTERED COMPANY NUMBER: 08043739 (England and Wales)
REGISTERED CHARITY NUMBER: 1154075














Report of the Trustees and

Unaudited Financial Statements for the Year Ended 31 March 2024

for

BeaniBazar Education Trust UK

BeaniBazar Education Trust UK






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Report of the Trustees 1 to 2

Statement of Financial Activities 3

Balance Sheet 4

Notes to the Financial Statements 5 to 9

BeaniBazar Education Trust UK (Registered number: 08043739)

Report of the Trustees
for the Year Ended 31 March 2024


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 31 March 2024. 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
Objectives and aims
1) To advance the education and welfare of the people of Beani Bazar, Bangladesh (whether members of the charity or not), without distinction of sex, political, or other opinion to support local educational establishments and work with the relevant local authorities in meeting these objects.

2) To provide for the relief of natural disasters and alleviation of poverty in Beani Bazar, Bangladesh.

3) To further all other charitable pursuits as deemed appropriate by the trustees with particular regard to education, welfare and the relief of poverty.

ACHIEVEMENT AND PERFORMANCE
Fundraising activities
Total incoming resources in the year amounted to £466 (2023: £1,053) with deficit of £459 (2023: £2,020 deficit ) at the year end.

FUTURE PLANS
The organisation intends to carry on its core services to advance the education and welfare, provide for the relief of natural disasters and alleviation of poverty and further all other charitable pursuits regard to education, welfare and the relief of poverty in Beani Bazar, Bangladesh.

STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

Organisational structure
The charity was incorporated as a company limited by guarantee on 24 April 2012 and it was registered with the Charities Commission on 3 October 2013.

REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
08043739 (England and Wales)

Registered Charity number
1154075

Registered office
SKN Business Centre
1 Guildford Street
Birmingham
West Midlands
B19 2HN


BeaniBazar Education Trust UK (Registered number: 08043739)

Report of the Trustees
for the Year Ended 31 March 2024

Trustees
Mohammed S Ahmad Trustee
Jahur Uddin Trustee
Lukman A Chowdhury Trustee

Company Secretary

Approved by order of the board of trustees on 17 October 2024 and signed on its behalf by:





Mohammed S Ahmad - Trustee

BeaniBazar Education Trust UK

Statement of Financial Activities
for the Year Ended 31 March 2024

31.3.24 31.3.23
Unrestricted Total
fund funds
Notes £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 108 670

Investment income 2 358 383
Total 466 1,053

EXPENDITURE ON
Raising funds 3 925 973

Charitable activities
School Donation - 2,100
Total 925 3,073

NET INCOME/(EXPENDITURE) (459 ) (2,020 )


RECONCILIATION OF FUNDS
Total funds brought forward 13,515 15,535

TOTAL FUNDS CARRIED FORWARD 13,056 13,515

BeaniBazar Education Trust UK (Registered number: 08043739)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Unrestricted Total
fund funds
Notes £    £   
CURRENT ASSETS
Cash at bank and in hand 13,056 13,515

NET CURRENT ASSETS 13,056 13,515

TOTAL ASSETS LESS CURRENT
LIABILITIES

13,056

13,515

NET ASSETS 13,056 13,515
FUNDS 6
Unrestricted funds 13,056 13,515
TOTAL FUNDS 13,056 13,515

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.


The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

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 17 October 2024 and were signed on its behalf by:





Mohammed S Ahmad - Trustee

BeaniBazar Education Trust UK

Notes to the Financial Statements
for the Year Ended 31 March 2024

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.

Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

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.


BeaniBazar Education Trust UK

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. INVESTMENT INCOME
31.3.24 31.3.23
£    £   
Interest receivable 358 383

3. RAISING FUNDS

Raising donations and legacies
31.3.24 31.3.23
£    £   
Support costs 925 973

4. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023.


Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2024 nor for the year ended 31 March 2023.


5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
fund
£   
INCOME AND ENDOWMENTS FROM
Donations and legacies 670

Investment income 383
Total 1,053

EXPENDITURE ON
Raising funds 973

Charitable activities
School Donation 2,100
Total 3,073

NET INCOME/(EXPENDITURE) (2,020 )


RECONCILIATION OF FUNDS
Total funds brought forward 15,535


BeaniBazar Education Trust UK

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
Unrestricted
fund
£   
TOTAL FUNDS CARRIED
FORWARD

13,515

6. MOVEMENT IN FUNDS
Net
movement At
At 1.4.23 in funds 31.3.24
£    £    £   
Unrestricted funds
General fund 13,515 (459 ) 13,056

TOTAL FUNDS 13,515 (459 ) 13,056

Net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 466 (925 ) (459 )

TOTAL FUNDS 466 (925 ) (459 )


Comparatives for movement in funds

Net
movement At
At 1.4.22 in funds 31.3.23
£    £    £   
Unrestricted funds
General fund 15,535 (2,020 ) 13,515

TOTAL FUNDS 15,535 (2,020 ) 13,515

BeaniBazar Education Trust UK

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

6. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 1,053 (3,073 ) (2,020 )

TOTAL FUNDS 1,053 (3,073 ) (2,020 )

A current year 12 months and prior year 12 months combined position is as follows:

Net
movement At
At 1.4.22 in funds 31.3.24
£    £    £   
Unrestricted funds
General fund 15,535 (2,479 ) 13,056

TOTAL FUNDS 15,535 (2,479 ) 13,056

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 1,519 (3,998 ) (2,479 )

TOTAL FUNDS 1,519 (3,998 ) (2,479 )


BeaniBazar Education Trust UK

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

7. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 March 2024.

8. COMPANY LIMITED BY GUARANTEE

Members of the charitable company guarantee to contribute an amount not exceeding £10 to the assets of the charitable company in the event of a winding up. The total number of such guarantees at 31 March 2024 was 3 (2023: 3).