REGISTERED COMPANY NUMBER: |
REGISTERED CHARITY NUMBER: |
Trustees' Report and |
Unaudited Financial Statements |
for the Year Ended 31 March 2024 |
for |
Bangladesh Association And Community |
Project |
(A Company Limited by Guarantee) |
REGISTERED COMPANY NUMBER: |
REGISTERED CHARITY NUMBER: |
Trustees' Report and |
Unaudited Financial Statements |
for the Year Ended 31 March 2024 |
for |
Bangladesh Association And Community |
Project |
(A Company Limited by Guarantee) |
Bangladesh Association And Community |
Project |
Contents of the Financial Statements |
for the Year Ended 31 March 2024 |
Page |
Trustees' Report | 1 | to | 7 |
Independent Examiner's Report | 8 |
Statement of Financial Activities | 9 |
Balance Sheet | 10 | to | 11 |
Notes to the Financial Statements | 12 | to | 18 |
Bangladesh Association And Community |
Project (Registered number: 04237350) |
Trustees' Report |
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 |
CHARITY’S MISSION AND OBJECTIVES |
The charity's mission is to promote the welfare and wellbeing of the deprived and disadvantaged communities within Rochdale without distinction of race, colour, ethnicity, gender or views held such as political, religious or other. |
The key charitable objectives of the organization are: |
• Providing welfare advice, information, and support services |
• Facilitating ESOL, IT learning and other vocational training |
• Providing administrative, IT and Job Club support |
• Promoting active ageing through day care facilities and activities for the elderly |
• Promoting healthy, active lifestyles and providing gender specific fitness facilities |
• Promoting and facilitating positive children and youth activities |
• Promoting community cohesion by celebrating cultural diversity and encouraging racial harmony |
• Fostering a positive outlook by engaging young people, women and the elderly in productive activities. |
ENSURING THE WORK DELIVERS THE CHARITY’S AIMS AND OBJECTIVES |
The management committee meets regularly during the year to review, guide and direct the work of the organization. The major service areas are closely monitored by the office bearers, who inform the full committee of the activities, issues, challenges and opportunities. This governance structure seeks to ensure that the services and the activities carried out by the charity are in keeping with its objectives and satisfies the needs of the community to deliver its overall mission. |
In particular, the trustees refer to the guidance contained in the Charity Commission's general guidance on public benefit when considering how planned activities will contribute to the charity objectives and aims. |
Bangladesh Association And Community |
Project (Registered number: 04237350) |
Trustees' Report |
for the Year Ended 31 March 2024 |
OBJECTIVES AND ACTIVITIES |
HOW OUR ACTIVITIES DELIVER PUBLIC BENEFIT |
The key beneficiaries of our work are the communities in the catchment that we serve. Predominantly but not exclusively, our users come from the local Bangladeshi, Pakistani and the Kashmiri communities; however, the Equality Policy that we abide by ensures that no deserving individual is discriminated against. Our focus has been on all age groups above 5, and both men and women. Our service users come from all over the borough of Rochdale. Additionally, we have started to digitally assist individuals from other parts of the country through telephone appointments as a triage partner with WAD and HMCTS. |
The Advice, Information and Guidance service is primarily taken up by the people for whom English is not their first language and those who lack the knowledge or the confidence of dealing with the authorities on their own. Besides addressing the consumer and welfare rights issues, the service also helps with form filling. |
The day care service targets the local elderly and vulnerable adults, both male and female, by operating gender specific wellbeing days. |
The fitness service, likewise, run gender specific sessions and the main beneficiaries have been the community's |
Asian women who because of their religious and cultural sensitivities, generally, avoid mixed gym. (The gym is currently closed due to on-going construction). |
The learning and training service focuses on the needs of the community by facilitating ESOL, IT, other vocational classes and weekend homework club. |
The weekend youth club focuses on the development of the children and youth through fun and enriching STEAM activities. As a licensed provider of the Duke of Edinburgh Awards programme, we benefit the local youths from disadvantaged background in acquiring crucial life skills to help them navigate with confidence in adult life. |
Similarly, the various ad-hoc projects are all designed to benefit the respective sections of the community. The centre being located at the heart of the community allows easy access to the user groups and the local communities to meet, discuss, consult and run activities. |
We also forge partnerships with other charitable and corporate organizations to bring in services that benefit the communities. |
Bangladesh Association And Community |
Project (Registered number: 04237350) |
Trustees' Report |
for the Year Ended 31 March 2024 |
ACHIEVEMENT AND PERFORMANCE |
REVIEW OF PROGRESS AND ACHIEVEMENTS |
The most notable achievement for the year was the recognition of the Cadent/BACP partnership. The BACP Cadent Centre for Warmth project was nominated for an award Third Sector Business Charity Awards held in May 2024. BACP Centre for Warmth came runner up behind Sky (with partner Age UK, Age Scotland, Age Cymru and Age NI) in the Community Impact Category. On the backdrop of this success, the partnership with Cadent has been extended for another year up to May 2025. We were also successful in attracting funding for running HAF (Holiday Activity and Foods) programme during summer and winter school holidays. The building extension work was in progress. To accommodate the construction work, however, some regular services, were kept on hold. |
The total footfall recorded during the year, except those relating to external ad-hoc bookings, was 6943, as below: |
Advice, Information & Guidance Service | 1255 |
Women's Wellbeing Group | 860 |
DOFE Sessional activites | 86 |
Talk English | 665 |
Health Talks | 97 |
Arabic Class | 253 |
IT/Digital Service/Job Search | 131 |
Friday Get Together | 128 |
Saturday Youth Club | 689 |
Sunday STEAM Club | 728 |
HAF(Holiday, Activities & Foods) | 584 |
Homework Club | 554 |
Socialisation (non-day care days) | 167 |
Community Events/Activities | 746 |
FINANCIAL REVIEW |
The charity plans its budget at the beginning of the year to ensure it maintains its services to the community. |
This year ended with a surplus in the income and expenditure account of £289,644, of which £272,707 was spent on the building improvements shown in note 10. The net surplus being £14,422 unrestricted and £2,515 restricted. (2023 Surplus £208,845 of which £153,801 was spent on building improvements). |
The management of the existing funds and resources continued to be robust, including cash in the bank which showed as £224,486 at the end of the year (in comparison to £205,877 the previous year), and the operation has a sizeable back up of free reserves for any unforeseen circumstances. |
Bangladesh Association And Community |
Project (Registered number: 04237350) |
Trustees' Report |
for the Year Ended 31 March 2024 |
FUTURE PLANS |
- Work to change the organizational structure to CIO (Charitable Incorporated Organisation) from the current Companies Limited by Guarantee, to be revisited and re-proposed to the general membership for approval. |
- New funding opportunities, both, from the charitable and the corporate sectors, will continue to be explored in order to ensure sustainability in the face of a continued risk of reduction/elimination of the core funding. |
- New services/activities to be explored in consultation with the community to reap the maximum benefit from the new extension. We'll actively explore to turn BACP into a community hub side by side offering our own services. |
- The IT infrastructure and organizational capacity will be strengthened. |
- The marketing and social media presence will be strengthened to raise the profile of the organisation. |
- A new futuristic logo for the organisation to signal change, modernity and diversity will be actively explored. |
- The existing building will be upgraded in terms of energy efficiency options and external facelift. |
- Effort will continue on recruiting a more diversified board in terms of skills, experience, gender and age. |
- Preparatory work to start to write the next 3-year business plan for the organisation. |
STRUCTURE, GOVERNANCE AND MANAGEMENT |
Governing document |
The Charity is a company limited by guarantee and is governed by its Memorandum and Articles of Association dated 19 June 2001and subsequent approved amendments. It is registered as a charity with the Charity Commission. |
The membership of the organization is open to all residents of Rochdale of Bangladeshi origin. The services of the organization, however, are open to all and is in no way limited to its members only. BACP adheres to the Equality Policy and serves all the communities within its reach who form the beneficiaries of the charity. |
The Board has the power to make bye laws and rules governing the affairs of the charity. The members, in general meeting, may alter or appeal such rules and bye laws. |
The members of the company agree to contribute a sum not exceeding £1 in the event of the charity being wound up. |
With a view to effectively govern, the general members during the elections of the board of trustees, also elect the Office Bearers - the Chair, Vice Chair, General Secretary and the Treasurer. The office bearers maintain a close link with the centre management to oversee the operation. In addition, the Board elects sub- committees, where necessary, for the effective monitoring of different services and also to take the lead on its behalf on matters relating to the services to ensure the best interest of the beneficiaries. |
APPOINTMENT OF DIRECTORS AND TRUSTEES |
The Directors, who are the Trustees, are appointed by the members in the general meeting every third year and are collectively known as the Board. The current board of was elected unopposed and approved at the AGM held on 30th October 2016. Normalcy was disrupted during the long Covid -19 crisis and the immediate aftermath and the current board continued in operation with the approval of the general members in the AGM of 2021. In the AGM of 2022, the existing board was allowed to continue till the construction of the building extension was completed. The building work is still in progress. |
The Trustees who served during the year are listed on page 5. |
Bangladesh Association And Community |
Project (Registered number: 04237350) |
Trustees' Report |
for the Year Ended 31 March 2024 |
STRUCTURE, GOVERNANCE AND MANAGEMENT |
ORGANISATION |
The Board, which must not be less than three members and not more than fifteen, administers the charity and meets as necessary, usually 6 to 8 times during the year. Besides the office bearers and the sub-committees, the Board also, occasionally, sets up ad-hoc working groups to look at specific matters if and when necessary and to report back. |
The day to day operation of the charity is the responsibility of the Centre Manager, to whom the Trustees delegate authority for operational matters including finance, employment and development, within the overall strategy agreed by the Board. |
TRUSTEE INDUCTION AND TRAINING |
The organisation has a process for the induction of the members of the Board of Directors. |
RISK MANAGEMENT |
The Trustees have under taken a review of the major risks to which the charity is exposed, and systems have been established to mitigate those risks. Periodic reviews are made to ensure that the charity continues to identify and mitigate any major risk that may arise. The major financial risks facing the charity arise in connection with: |
- the uncertainty about the continuation of funding by the core funder, Rochdale Borough Council, due to their own cost saving pursuits.; |
- the short term nature of project funding; |
- the charity may also face continuing organisational challenges in aligning its resources to meet the requirements of its service users/grantors, whilst maintaining its financial viability. |
REFERENCE AND ADMINISTRATIVE DETAILS |
Registered Company number |
Registered Charity number |
Registered office |
Trustees |
Bangladesh Association And Community |
Project (Registered number: 04237350) |
Trustees' Report |
for the Year Ended 31 March 2024 |
REFERENCE AND ADMINISTRATIVE DETAILS |
Company Secretary |
Independent Examiner |
Mrs J Roach |
Thompson Jones Business Solutions Limited |
2 Heap Bridge |
Bury |
Lancashire |
BL9 7HR |
DIRECTOR’S RESPONSIBILITIES |
The trustees and directors for the purposes of company law, present their annual report and the unaudited financial statements of the charity for the year ended 31 March 2024. |
. |
The Board have adopted the provision of the Charities SORP (FRS 102) – Accounting and Reporting by Charities: Statement of Recommended practice applicable in the UK and Republic of Ireland (effective 1 January 2015, and including update bulletins on 2 February 2016 and 5 October 2018) in preparing the annual report and financial statements of the charity. The accounts have been prepared in accordance with the Companies Act 2006. |
The trustees (who are also directors of Bangladesh Association and Community Project – BACP) for the purposes of company law) are responsible for preparing the Trustees’ Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and with the provision for small companies. |
Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources. |
In preparing the financial statements, the directors are required to: |
• select suitable accounting policies and then apply them consistently; |
• observe the methods and principles in the Charities SORP; |
• make judgements and estimates that are reasonable and prudent; |
• state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; |
• prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business. |
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and which enable them to ensure that the financial statements comply with Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. |
In so far as the trustees and directors are aware: |
• there is no relevant audit information of which the charitable company’s auditors are unaware; and |
• the trustees and directors have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditor is aware of that information. |
The report of the members of the board were approved by the Board on |
Bangladesh Association And Community |
Project (Registered number: 04237350) |
Trustees' Report |
for the Year Ended 31 March 2024 |
Independent Examiner's Report to the Trustees of |
Bangladesh Association And Community |
Project |
Independent examiner's report to the trustees of Bangladesh Association And Community Project ('the Company') |
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2024. |
Responsibilities and basis of report |
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act'). |
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act. |
Independent examiner's statement |
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies. |
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe: |
1. | accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or |
2. | the accounts do not accord with those records; or |
3. | the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or |
4. | the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)). |
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. |
Mrs J Roach |
Thompson Jones Business Solutions Limited |
2 Heap Bridge |
Bury |
Lancashire |
BL9 7HR |
24 October 2024 |
Bangladesh Association And Community |
Project |
Statement of Financial Activities |
(Incorporating an Income and Expenditure Account) |
for the Year Ended 31 March 2024 |
2024 | 2023 |
Unrestricted | Restricted | Total | Total |
fund | fund | funds | funds |
Notes | £ | £ | £ | £ |
INCOME AND ENDOWMENTS FROM |
Grants and donations | 2 |
Charitable activities | 3 |
Gym, room hire & rent | 18,533 | - | 18,533 | 17,666 |
Other income |
Total |
EXPENDITURE ON |
Charitable activities | 4 |
Support costs | 118,572 | - | 118,572 | 76,901 |
Action Together | - | - | - | 700 |
Governance costs | 2,177 | - | 2,177 | 2,031 |
Total |
NET INCOME |
RECONCILIATION OF FUNDS |
Total funds brought forward |
TOTAL FUNDS CARRIED FORWARD | 747,858 |
CONTINUING OPERATIONS |
All income and expenditure has arisen from continuing activities. |
Bangladesh Association And Community |
Project (Registered number: 04237350) |
Balance Sheet |
31 March 2024 |
2024 | 2023 |
Unrestricted | Restricted | Total | Total |
fund | fund | funds | funds |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 10 |
CURRENT ASSETS |
Debtors | 11 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 12 | ( |
) | ( |
) | ( |
) |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
NET ASSETS |
FUNDS | 14 |
Unrestricted funds | 160,024 |
Restricted funds | 587,834 |
TOTAL FUNDS | 747,858 |
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. |
Bangladesh Association And Community |
Project (Registered number: 04237350) |
Balance Sheet - continued |
31 March 2024 |
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 Association And Community |
Project |
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. |
INCOMING RESOURCES |
Grants are credited to revenue on a receivable basis. All income is recognised once the charity has entitlement to the income. It is probable that the income will be received, and the amount of income receivable can be measured reliably. |
Restricted funds are to be used for specified purposes as laid down by the donor. Expenditure which meets these criteria’s is identified to the fund, together with a fair allocation of overheads and support costs. |
Unrestricted funds are donations and other incoming resources received or generated for charitable purposes. |
RESOURCES EXPENDED |
All expenditure is accounted for on an accruals basis. All expenses including support costs and governance costs are allocated or apportioned to applicable expenditure headings. |
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 settlement will be required, and the amount for the obligation can be measured reliably. |
TANGIBLE FIXED ASSETS |
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. |
Gym & Gym Equipment | - |
Furniture & Office Equipment | - |
TAXATION |
The charity is exempt from tax on income and gains falling within chapter 3 of part 11 of the Corporation Tax Act 2010 or section 256 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects. No tax charges have arisen in the charity. |
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. |
Bangladesh Association And Community |
Project |
Notes to the Financial Statements - continued |
for the Year Ended 31 March 2024 |
2. | GRANTS AND DONATIONS |
2024 | 2023 |
£ | £ |
RMBC |
Action Together | 4,404 | 1,200 |
TNL Community Fund | 235,750 | 153,071 |
Cadent Centre For Warmth | 98,800 | 100,751 |
Donations | - | 500 |
HAF Project | 15,173 | - |
Youth Funders | 6,000 | - |
DOFE Award Project | 8,895 | - |
Rochdale Township Capital Proj | 5,000 | - |
3. | INCOME FROM CHARITABLE ACTIVITIES |
2024 | 2023 |
£ | £ |
Gym | 15 | 124 |
Room Hire & Rent | 13,479 | 14,754 |
Community Admin Service | 2,082 | 2,053 |
We Are Digital Service | 1,096 | 735 |
Other Income | 986 | - |
Fundraising | 810 | - |
Donation | 65 | - |
18,533 | 17,666 |
4. | CHARITABLE ACTIVITIES COSTS |
Direct | Support |
Costs (see | costs (see |
note 5) | note 6) | Totals |
£ | £ | £ |
Support costs | 118,572 | - | 118,572 |
Governance costs | - | 2,177 | 2,177 |
118,572 | 2,177 | 120,749 |
Bangladesh Association And Community |
Project |
Notes to the Financial Statements - continued |
for the Year Ended 31 March 2024 |
5. | DIRECT COSTS OF CHARITABLE ACTIVITIES |
2024 | 2023 |
£ | £ |
Staff costs | 78,937 | 66,060 |
Payroll Costs | 365 | 325 |
Insurance | 2,078 | 1,729 |
Light and heat | 7,397 | 3,422 |
Telephone | 317 | 360 |
Postage and stationery | 1,025 | 603 |
Cleaning | 1,032 | 45 |
Sundries | 1,010 | 515 |
Water | 738 | 856 |
Repairs / Maintenance | 1,424 | 715 |
Business Rates | 319 | 489 |
IT Costs | 2,689 | 1,725 |
Events | 2,854 | 427 |
Ad Hoc Projects | 17,784 | 321 |
TV & Music Licence | 159 | 159 |
Depreciation | 444 | 555 |
118,572 | 78,306 |
6. | SUPPORT COSTS |
Governance |
costs |
£ |
Governance costs | 2,177 |
2024 | 2023 |
£ | £ |
Accountancy Fees | 1,944 | 1,800 |
Companies House | 34 | 13 |
Bank Charges | 199 | 218 |
2,177 | 2,031 |
Bangladesh Association And Community |
Project |
Notes to the Financial Statements - continued |
for the Year Ended 31 March 2024 |
7. | NET INCOME/(EXPENDITURE) |
Net income/(expenditure) is stated after charging/(crediting): |
2024 | 2023 |
£ | £ |
Depreciation - owned assets |
8. | 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. |
9. | STAFF COSTS |
2024 | 2023 |
£ | £ |
Wages and salaries |
78,937 | 66,060 |
The average monthly number of employees during the year was as follows: |
2024 | 2023 |
Charitable Activities & Administration |
Bangladesh Association And Community |
Project |
Notes to the Financial Statements - continued |
for the Year Ended 31 March 2024 |
10. | TANGIBLE FIXED ASSETS |
Furniture |
Freehold | Gym & Gym | & Office |
property | Equipment | Equipment | Totals |
£ | £ | £ | £ |
COST |
At 1 April 2023 |
Additions |
At 31 March 2024 |
DEPRECIATION |
At 1 April 2023 |
Charge for year |
At 31 March 2024 |
NET BOOK VALUE |
At 31 March 2024 |
At 31 March 2023 |
11. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Trade debtors |
Prepayments and Accrued Income | 2,027 | 1,874 |
12. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Bank loans and overdrafts (see note 13) |
Other creditors |
Accrued expenses |
Deferred Income |
Bangladesh Association And Community |
Project |
Notes to the Financial Statements - continued |
for the Year Ended 31 March 2024 |
13. | LOANS |
An analysis of the maturity of loans is given below: |
2024 | 2023 |
£ | £ |
Amounts falling due within one year on demand: |
Bank overdrafts |
14. | MOVEMENT IN FUNDS |
Net |
movement | At |
At 1.4.23 | in funds | 31.3.24 |
£ | £ | £ |
Unrestricted funds |
General fund | 160,024 | 14,422 | 174,446 |
Restricted funds |
Restricted fund | 587,834 | 275,222 | 863,056 |
TOTAL FUNDS | 289,644 | 1,037,502 |
Net movement in funds, included in the above are as follows: |
Incoming | Resources | Movement |
resources | expended | in funds |
£ | £ | £ |
Unrestricted funds |
General fund | 135,171 | (120,749 | ) | 14,422 |
Restricted funds |
Restricted fund | 275,222 | - | 275,222 |
TOTAL FUNDS | ( |
) | 289,644 |
Bangladesh Association And Community |
Project |
Notes to the Financial Statements - continued |
for the Year Ended 31 March 2024 |
14. | MOVEMENT IN FUNDS - continued |
Comparatives for movement in funds |
Net |
movement | At |
At 1.4.22 | in funds | 31.3.23 |
£ | £ | £ |
Unrestricted funds |
General fund | 142,655 | 17,369 | 160,024 |
Restricted funds |
Restricted fund | 396,358 | 191,476 | 587,834 |
TOTAL FUNDS | 539,013 | 208,845 | 747,858 |
Comparative net movement in funds, included in the above are as follows: |
Incoming | Resources | Movement |
resources | expended | in funds |
£ | £ | £ |
Unrestricted funds |
General fund | 95,660 | (78,291 | ) | 17,369 |
Restricted funds |
Restricted fund | 193,522 | (2,046 | ) | 191,476 |
TOTAL FUNDS | 289,182 | (80,337 | ) | 208,845 |
15. | RELATED PARTY DISCLOSURES |