B C UK - BRAC UK Annual Report... · 2013-01-02 · BRAC UK COMPANY LIMITED BY GUARANTEE TRUSTEES REPORT For The Year Ended 30 April 2011 c. Grant making policies Resources (intellect,

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B C UK(A Registered Charity and Company Limited by Guarantee)

REPORTS AND FINANCIA L STATEM ENTS

01 May 2010 - 30 April 2011

Registered Charity No. 1 115482

Registered as a Company in England & W ales No. 5802246

BRAC UKCOMPANY LIMITED BY GUARANTEEReport and Financlal Statem entsFor The Year Ended 30 April 2011

CONTENTS Pages

Trustees repod

lndependent Auditors' repod

4-10

11-12

Statement of snancial activities 13

Balance sheet 14

Notes to the accounts 15-20

2

BRAC UKCOMPANY LIMITED BY GUARANTEE

TRUSTEES REPORTFor The Year Ended 30 April 2011

Regi:tered Charity Number: 1115482

Company Registration Number: 5802246

Om cial Company Name: BRAC UK

Principal address and Registered Office

32-36 Loman StreetLondonSE1 0EE

Trustees/ Directors of the Charity and Com pany

Ms Simone Sultana (Chair, appointed Feb 2011)Mr Ajexander Manu (Treasurer)Ms Sylvia BorrenMr. Robert John Emlyn EvansMr. Mark Ian Golding, CBEMr. Murad Qureshi, AM

Patrick Vaughan (Chair, until Jan 2011)

Auditors

KW SR & CoChadered Accountants & Statutory Auditor136 Merton High StreetLondonSW 19 1BA

Bankers

HSBC8 Victoria StreetW estminsterLondonSW IH 0NJ

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The Trustees, who are also directors of the charity for the purposes of the Companies Act,

submit their annual repod and the financial statements of BRAC UK (the company) for theperiod ended 30 April 2011. The Trustees confifm that the annual report and financialstatements of the company comply with current statutol requirements, the fequirements of thecompany's governing document and the provisions of the Statement of Recommended Practice(SORP) uAccounting and Repoding by Charities'' issued March 2005.

STRUCTURE,GOVERNANCE AND MANAGEMENT

a. ConstitutionThe company ig rqgistered as a charitable comqany Iimited by guarantee and was set up by aMemorandum of Association on 02/05/2006 and Is a registered charity number 1115482.

The principle object of the company is alleviation of poverty and empowerment of the poor inAfrica, Asia and Latin America.

b. Method of appointment or election of TrusteesThe management of the company is the responsibility of the Trustees who are elected and co-opted under the terms of the Memorandum of the Articles.

c. Policies adopted for the induction and training of TrusteesThe six Board members are oriented to and have approved the vision and objectives of theorganisation. Plans, budgets and strategies are regularly reviewed and approved. Publicationsfrom the Charities Commission and other organisations regardinj Trustees' roles andresqonsibilities are made available and training for general and speclfic role of Trustees areavallable, when required.

d- Organisational structure and decision makingThe board consists of Simone Sultana. Sylvia Borren, Murad Qureshi AM, Robed Evans, MarkGolding CBE and Alexander Manu

OBJECTIVES AND ACTIVITIES

a. Policies and objectivesBRAC UK is an independent international development organisation. As a member of theexpanding family of BRAC, the orjanisations share a common mission, goals, ethos andcollegial relationship. Among other Interventions, it will adapt and use BRAC'S experiences,expedise, models and materials for independent and mutual fund raising effods, programmeimplementation and advocacy for development Ied by the south.

BRAC UK's mission is the alleviation of povefty and empowerment of the poor in Africa. Asiaand Latin America and to provide relief from financial hardship, in padicular to provideoppodunities for the aforementioned residents to participate fully in the Iife of their community inways which address and alleviate hardship.

b. Strategies for achieving objectivesStrategies have been developed for economic development, international developmentawareness/advccacy, volunteering and fund raising as a pad of the evolving business plan.

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c. Grant making policiesResources (intellect, time, monies, Iand, buildings, etc) are accepted from institutions,associations and individuals who accept BRAC UK's objectives and ethos. The Board, staftvolunteers and well-wishers are wofking collaboratively to take the organisation fo- ard in itsendeavours.

d. Programme related investmentsEconomic Development Programme:Grants were received from the Citi Foundation (235,244 for the period up to Janual 2011) andother contributions totalling 25,910 were received from Career Development Group, (CDG)Sower Hamlets Borough Council, and Citizens Advice Bureau (CAB).

Development Awareness Programme:Funded under the UK Department for International Development's (DFID) DevelopmentAwareness Fund, the Beyond Boundaries project suppods disadvantaged young people.between the ages of 16-25, in the London Borough of Tower Hamlets to Iearn about theMillennium Development Goals (MDGS) and international development, and facilitates actionson global issues. The project worked with 112 disadvantaged young people to Ieam aboutcurrent global issues and take actions within their own Iives to make a difference. The qrojectstaded in 2009 and has completed its second year (April 2010 - May 201 1) with contributlons ofE31,988.47 from DFID to cover the activities.

Diaspora Volunteering Programme:The UK Depadment for International Development (DFID). via grant manager VSO UK,approved a second grant of 277,000 from September 2009 to Atlgust 2010 to implementPorishöd, a Diaspora Volunteering Programme to enable British Bangladeshi professionals tovolunteer with BRAC and other non-governmental organisations in Bangladesh. Theimplementation phase was extended from the end of August to the start of January 201 1 toensure that aII 22 volunteer placements funded by the programme could be comqleted.Volunteers also raised a minimum of 2300 each to contribute to their padicipation ln theprogramme. Unspent monies raised by volunteers contributed to BRAC UK's funds availablefor grants to other projects.

Preparing for Life in the UK:BRAC UK was granted up to E7,500 by London South Bank University to support with therecruitment and training of volunteefs to pilot their Preparing for Life in the UK programme fromSeptember 2010 until June 2011. London South Bank Univedisy secured funding from theEuropean Integration Fund (EIF) to lead on a three year project, which aims to use a range ofinnovative approaches to teaching and Iearning to support the successful integration of thirdcountry national women to the UK. Prior to departure aII three pilot volunteers raised atminimum of E400 each to contribute to their padicipation In the programme. Unspent moniesraised by volunteers contributed to BRAC UK's funds available for grants to other projects.

Southern Sudan Education Programme:Petrofac awarded a second grant of US $200,000 to continue running 60 BRAC non formalprimary schools in Southern Sudan. The grant covered a 14 month period from May 2010 toJune 2011. In April 2011, Petrofac confirmed a third grant of US $150,699 towards the foudhand final year of the schools programme, covering the nine month period from July 2011 toMarch 2012.

Comic Relief approved a grant of E600,000 in Febrtlary 2011 for 75 new BRAC CommunityGirls Schools in Southern Sudan under their 'People Affected by Conflid' programme. This is a

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three year (or 39 months) project from February 2011 until May 2014. The budget for the firstyear, February 201 1 to February 2012, is E206,033, which includes 248,215 for the secondyear. The Collc Relief funded programme aims to enable 2250 disadvantajed children aged8-11 with basic literacy and numeracy skills, and provide employment and tralning opportunitiesto at Ieast 83 local women in Southern Sudan as volunteer teachers and community organisers.

Vision Bangladesh:BRAC Bangladesh invested E25,000 towards Vision Bangladesh fundraising costs includingdeveloping promotional materials and researching, planning and executing appropriate activitiesand events. Vision Bangladesh is a BRAC and Sightsavers initiative, which aims to eradicate80% of blindness in Sylhet by 2013 and across the whole of Bangladesh by 2020.

Dlaspora Volunteering Alliance/ DFID:BRAC UK was commissioned to carry out a mapping exercise of strategic stakeholders forDiaspora volunteering and international development by the DVA and VSO UK, and wasawarded :3,750 from September to November 2010 to conduct the research and write up therepod as part of the DVA'S Advocacy and Netwofking strategy. '

ACHIEVEMENTS AND PERFORMANCE

a. Factors relevant to achleve objectivesEconomic Development Programme:The Economic Development Programme reached over 1,000 people between 2010 and 2011.Seventy-two money management sessions were conducted in English, Bengali or Somali,reaching 653 women and young people from low income backgrounds, exceeding the target of600 geople for the year. The Women Organisefs' pfoject reached a further 190 individuals byprovlding money manajement information on their doorstep. The money managementsessions were tailored thls year to incorporate a wider range of disadvantaged groups, namelywomen affected by domestic violence and those in the 50+ category. Programme staff alsosupported Iocal community events in the London Borough of Tower Hamlets, thereby reachinga Iarger target group audience with money management information.

Development Awareness Fund:The Development Awareness programme worked with 112 young people from across TowerHamlets and delivered 11 sessions through youth clubs, schools, colleges and the council.Young people Iearnt about the Millennium Development Goals (MDGs), their histoly, progressstill to be made, and critiqued how their Iives are having an impact on those in other countries.AII young qeople who worked with the project decided on an action they would undertake intheir own Ilves to suppod poverty alleviation and the MDGS. The project also ran a stall at theBaishahki Mela. and took part in many other events including the Brady Centre's YoungW omen's Day and City Gateway's 100 W omen.

Diaspora Volunteering Programme:The Iast ten Pofishöd volunteers carried out 3-8 week placements in Bangladesh from May2010 to April 2011 - eight volunteers with BRAC departments (Communications; Gender,Justice and Diversity, Human Rights and Legal Services, Centre for Languages, BRACUniversity, and BRAC Enterprises including Aarong) and two piloted placements withTARANGO (Training, Assistance and Rural Advancement Non-Government Organisation), Thevolunteers were recruited from a wide range of professional backgrounds here in the UK, andadded to the overall purpose of the programme, which was to support BRAC and other selectedNGOS in Bangladesh with improving and innovating their programmes and Ieam from their

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approach to development in order to raise awareness about these issues in the UK.

Preparing for Life in the UK:BRAC UK seccessfully assisted London South Bank University to recfuR and train threevolunteers to pilot the programme with UKBET (UK and Bangladesh Education Trust) in Sylhet.The volunteers travelled to Bangladesh in April 2011 to carry out their eight week placementswith the UK and Bangladesh Education Trust in Sylhet. BRAC UK also contributed to the UKAdvisory Group meetings on a quaderly basis.

Southem Sudan Education ProgrammePetrofac:The 60 Petrofac funded schools continued to provide basic Iiteracy and numeracy skills to 1,723(out of an initial 1,800) students aged 8-11 years and employment and training oppodunities to66 Iocal women in Southern Sudan as volunteer teachers and community organisers.

Comic Relief:By the end of April 2011, 25 schools had opened and 50 were about to open by mid May 2011across the four states. BRAC Southern Sudan's Education programme is already operating in -Central Equatoria (Juba and Yei), Eastem Equatoria (Torit), Jonglei State (Bor) and Lakes State(Rumbek). 2,250 disadvantaged children aged 8-11, of whom 60% are girls, have beenselected to benefit from the basic Iiteracy and numeracy skills to be covered by the schools. 75young women volunteer teachers have been recruited and trained to deliver lessons to thestudents within a safe and child-friendly environment. Eight community organisers have beenrecruited and trained to supervise the schools and provide management support to theteachers. School Management Committees consisting of seven Iocal parents and communitymembers were being set up as the schools were opening.

Vision Bangladesh:During the financial year, promotional materials including a video and dedicated website weredeveloped for Vision Bangladesh. The *E1 on the Bilr campaign was researched, planned andprepared', Iocal and regional events were organised and funds were raised', a direct responseW appeal and online donation camyaign was Iaunched; planning and preparation for aTelethon with Channel S and Baishahkl Mela (two May 2011 events) took place; research for anational gala was undedaken; as was research into relijious/ mosque/ Ramadan giving. In all,just under 220,000 was raised or pledged during this penod.

Diaspora Volunteering Alliance:BRAC UK acted as the secretariat for the Diaspora Volunteering Alliance (DVA) and led on theDVA Advccacy and Networking strand. BRAC UK was commissioned by the DVA and VSO UKto carry out a mapping exercise to identify strategic stakeholders at the international, regional,national, UK regional and Iocal Ievel in order for Diaspora organisations to influence theirgrogrammes, policies, and resource allocations for the benefit of Diaspora volunteering andIntemational development. The research was carried otlt between September and December2010 and the repod, 'Diaspora Connections: Engaging with Diaspora organisations at multiplegeo-political levels' was finalised in March 2011 (and published and disseminated in June2011). BRAC UK also attended and contributed to DVA membeo meetings and wasrepresented on the Board of the DVA.

b. FundingDonors include: Citigroup, UK Department for International Development (DFID), EuropeanIntegration Fund (via London South Bank University), Petrofac, Comic Relief, BRAC, volunteersandlndividual supporters.


TRUSTEES REPORTFor The Year Ended 30 Aprll 2011

c. Manygement and stamngDuring the 2010-11 year, BRAC UK was governed by a Board of six Trustees, had five full timeand one pad-time staff, nine sessional workers, occasional consultants, volunteers and paidinterns. and received pro bono services. Suppoder groups were active in London andManchester. In January 2011, the founding Chair and Executive Director both retired. MsSimone Sultana was elected to the position of Chair. An Interim Executive Director managedthe organisation from February to November 2011.

FINANCIAL REVIEW

a. Principal FundlngPrincipal funding came from Petrofac, DFID (managed by Crown Agents), Comic Relief andBRAC.

b. Material investment policyMaterial investments policy is being developed.

The statement of financial activities shows substantial growth, with incom ing resourcesincreasing from E363,430 in 2009-10 to E663,640 in 2010-11. This growth was mainly due toinnovative project developments that met the current needs of both the community and theservices users we suppod. The expenditure E517,560 (2009-10: E330,764) were propodionate tothe income. The unrestricted reserve decreased to E2,1 11 (2009-10: E 27,783) while therestricted funds at the end of the year was E207,299 (2009-10: f35,547).

RESERVE POLICY

BRAC lnternational guarantees on-going support to the operations of BRAC UK. Trustees willbe developing a reserves policy in the fodhcoming year that will enable the organisation to havesome level of independence should those resources be delayed.

PLANS FOR THE FUTURE

In March-April 201 1 the Board and staff carried otlt a review which Ied to the adoqtion of astrategic plan for 2011-12 to 2013-14. Hencefodh BRAC UK will focus on fund ralsing andpublic awareness raising in the UK and elsewhere in Europe to suppod BRAC'S work in Asiaand Africa. BRAC works in countries where poor and vulnerable communities have beenidentified as needing services in essential health care, maternal and child health, non-formalprimary education and government teacher capacity building, agriculture and Iivestock(Iivelihoods), adolescent development, and capacity building.

BRAC UK Trustees and staff will work to strengthen the charity's governance, financial andgrant management and communications.

The charl will conlinqe to raise funds at cqlpmunity Ievel t: suppod 'Vision Bangladeqh'. Thecamppign ls primaqly Intended to enable Brltlsq Bangladeshls to Iearn jbout and contnbute toBRAC'

S elods to ellm inate avoidable bllndness ln Sylhet and elsewhere In Bangladesh

Activijes incluje the 'E1 on the bill' scheme with padicipating restaurants, telethon appeal andweb slte donatlons.

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RESPONSIBILITIES OF THE TRUSTEES

The Trustees (who are also the directors of BM C UK for the purposes of company Iaw) a(eresponsible f9r preparing the Trusteqs Annual Repod and the financial slatements lnaccordance wlth applicable Iaw and Unlted Kingdom Accounting Standards (Unlted KingdomGenerally Accepted Accounting Practice).

Company Iaw requires the Tœstees to prepare financiyl statements for each financial year which givea true and fair view of the state of affaim of the chantable comqany and of the iqcoming resourcesacd apqlir-ion of rqsources, including the income and expendOre, of the chantabM company forthat penod. In prepacng these financial statements, the Trustees are required to:

seled suitable accotlnting policies and then apply them consistently;observe the methods and principles in the Charifes SORP;makejudgements and estimates that are reasonable and pfudent;state whether applicable UK Accounting Standards have been followed, stlbject to anymaterial departures disclosed and explained in the snancial statement'l

o prepare the financial statements on the going concem basis unless it ls inappropriate topresume that the chae ble company will continue in operation.

The Trustnnn are responsible !or keeping proper accounting rKords that disclose with reasonableaccuracy at any time the fnanclal position of the charitable company and enable them to ensqre thatthe ùnanciyl statements œ mply with the Companies Ad 2006. The Tœstees are also responslble forsafeguardlng the assets of the chae ble qompany and hence for Kking reasonable steps for theprevention and detection of fraud and other Irfegtllarities.

In so far as the Tœstees are aware:

there is no relevant audit info= ation of which the charitable company's auditor is unaware; andthe Truste s hayq taken !I1 steps that they ought to have taken to make thjmselveq aware ofany relevant audlt lnformatlon and to establish that the auditor is aware of that lnformatlon.

MANAGEMENT AND DECISION MAKING

Day to day running of the Chanty' Iies in the hands of full time sta; who make day to day decisionsregarding operational matters. Sta; work arr.nrding to work plans set and agreed quarterly inadvance with the Chief Executive to ensure strategic objecfves of the organisation and the businessplan are being met. Trustees are responsible for decision making on Iong term strategic diredion andgovemance.

DISCLOSURE OF INFORMATION TO TRUSTEES

Each of the Trustees has consrmed that thqre is no information of which they are aware which isrelevant to the audit, but of which the auditor ls unaware. They have further confinned that tqey havetaken appropriate steps to identify stlch relevant infoc ation and to establish that the audltoœ areaware of such info= ation:

PUBLIC BENEFIT STATEMENT

The DirH ors of BRAC UK have considered the requirements which are explained on the Chanty'Commission website.

The se ions pf this repod abov: entitled ''Objects of the Chanty'' ' and ''Review of the Adivities andAchievementsn set out BRAC Uq's objKtives and repods on the agtiv'lty and suer>-qses in the year to30 April 2011 as well as explainlng the plans for the current financlal year.

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The Dfrector's have considered this nnatter and concludedl

That the atms of the organisaticm contjnue to be charktable;That the atms and the work done jive identifiable benefits to the charitable sector and

both indirectly and directly to indivlduals in need'rThat the benefits are for the public, are not unreasonably restricted in any way andcerlainly not by ability to pay; andTihat there is rio detriment or harm artsing from the aims or aclivlies,

The r>port has been prepared in accordence vkith the special provisiop for small companies underpart 15 of the Companies Act 2006.

Signed on behalf of the Trustees

Registered officer BRAC UK

32-36 Loman Street

London SE1 0EE

<..- '.. ..v

.>jm s wzxsc a..p..xf7t'x . .u..

Sil,none Suztana Chair

1) 0

INDEPENDENT AUDITOR'S REPO RT TO THE M EM BERS OF


UNQUALIFIED AUDIT REPORT

W e have audited the financial statements of BRAC UK for the year ended 30 April 201 1 onpages 1 to 20. The financial repoding framework that has been applied in their preparation isapplicable Iaw and United Kingdom Acœunting Standards (United Kingdom GenerallyAccepted Accounting Practice).

This report is made solely to the charity's members, as a body, in accordance with Chapter 3 ofPart 16 of the Companies Act 2006. Our audit work has been undertaken so that we mightstate to the charity's members those matters we are required to state to them in an auditor'sreport and for no other purpose. To the fullest extent permitted by Iaw, we do not acœ pt orassume responsibility to anyone other than the charity and the charity's mem bers as a body, forour audit work, for this repod, or for the opinions we have formed.

Respective responsibilities of trustees and auditors

As explained more fully in the Statement of Trustees' Responsibilities Iset out on page 4 to 10,the trustees (who are also the directors of the charitable company for the purposes of companyIaw) are responsible for the prepamtion of the financial statements and for being satisfied thatthey give a true and fair view.

Our responsibility is to audit and express an opinion on the financial statements in accordancewith applicable Iaw and Intemational Standards on Auditing (UK and Ireland). Those standardsrequire us to comply with the Auditing Practices Board's (APB's) Ethical Standards for Auditors.

Scope of the audit of the financial statements

An audit involves obtaining evidence about the amounts and disclosures in the financialstatements sufficient to give reasonable assurance that the financial statements are free frommaterial misstatement, whether caused by fraud or error. This includes an assessment of:whether the accounting policies are appropriate to the charitable com pany's circumstances andhave been consistently applied and adequately disclosed', the reasonableness of signifiœ ntaccounting estimates made by the trustees', and the overall presentation of the financialstatements. In addition, we read aII the financial and non-financial information in the Repods &Financial Sltements to identify material inconsistencies with the audited financial statements.If we beœ me aware of any apparent material misstatements or inconsistencies we consider theimplications for our report.

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INDEPENDENT AUDITOR'S REPORT TO THE M EM BERS O F


Opinion on financial statements

In our opinion the financial statements:give a true and fair view of the state of the charitable company's affairs as at 30 April 201 1 andof its inœ ming resources and application of resources, including its inœ me and expenditure, forthe 30 April 2011 then ended',have been properly prepared in accordance with United Kingdom Generally AcceptedAccounting Practice', andhave been prepared in accordance with the requirements of the Companies Act 2006.

W ithout qual'lfying our opinion, we draw attention to the comparative figures for the year ended30 Ajril 2010. These figures have not been audited but were subject to an lndependentExamlnation by us.

Opinion on other ma/er prescribed by the Companies Act 2006

ln our opinion the information given in the Trustees' Annual Repod for the financial year ended30 April 2011 for which the financial statements are prepared is consistent with the financialstatements.

Mahers on which we are required to repo/ by exception

W e have nothing to repod in respect of the following matters where the Companies Act 2006requires us to report to you if, in our opinion:

adequate acœ unting reœ rds have not been kept or returns adequate for our audit have notbeen œ ceived from branches not visited by us; orthe financial statements are not in agreement with the accounting records and returns', orcertain disclosures of trustees' remuneration specified by Iaw are not made; orwe have not reœ ived all the information and explanations we require for our audit. orthe trustees were not entitled to prepare the financial statements in accordanœ with the smallcompanies regime.

Susan Rahman (Senior Statutory Auditor)For and on behalf of KW SR & CoChartered Acœ untants & Statutory Auditor

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STATEMENT OF FINANCIAL ACTIVITIESFor The Year Ended 30 April 2011

: unrestricted RestrictedY Funds FundsZ

E E

Toel2011

FundsE

Total2010Funds

EINCOMING RESOURCESVoluntary incomeVoluntal income 2

Investment income 3Other incoming resources

TOTAL INCOMINGRESOURCES

43,665 619,590 663,255 363,30914 0 14 121371 - 0 371 0

44,050 619,590 663,640 363,430

RESOURCES EXPENDEDCosts of generating fundsActivities for jenerating funds 4

Charitable activlties 5Govemance costs 6Other resources expended

TOTAL RESOURCESEXPENDED

951 16,465 17,416 6,52162,659 434,238 496,897 321,2433,247 0 3,247 3,000

0 0 0 0

66,857 450,703 517,56: 330,764

(22,807) 168,887 149,:80 32,666Net income/texpenditure) for the

year

Transfer be- een funds

RECONCILIATION OF FUNDSTotal funds brought forwardTotal funds carried forward

(2,865) 2,865

27,783 35,547 63,330 30,6642,111 267,299 209,410 63,330

AIl recognised gains and losses are included in the Statement of Financial Activities.

SOFA incorporates income and expenditure accounts.

AlI activities during the above two financial years arose from continuing operations.

The accompanying notes are an integral pad of these financial statements.

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BRAC UKCOMPANY LIMITED BY GURANTEE

BALANCE SHEETAs At 30 April 2011

Comparty Registration No. 5802246

g Unrestficted Restricted Total Funds Total Funds*d Funds Funds 30-Apr-2;1 1 30-Apr-2O10Z E f f 92

259 0 259 2,7082.453 Q 2,,453 - ... 2,7742,712 ti i,7iF 5,482

FIXED ASSETSIntangible assets 9Tangible assets 9

TOTAL FIXED ASSEETS

CURRENT ASSETSDebtoErs 1 1Cash at bank and in band

YOTAL CURRENT ASSETS

9:264 42,1 10 51,374 91,0638,435 1971274 205.709 148,366

'1# tùùt. iitù 384 257,:83 ' btij 4tù! :1 ' )

LIA'BILITIESCreditors: Amottnts failling dtleïAxpithin one year

NET CURRENTASSETS/ILLABILITIES)TOTAL ASSETS LESSCURRENT LIABILITIES

TOTA'L NET ASSE'FS

1 :! (- -1 11: - :5$ tzl t2).) !: :1$-.-:14 ? (:i t!k tii ). .-. ( tsi (:k ,..:?$ 159--15;-- --)--------..... (. ti 4i!.1(.- tq; 1E1 -1 J

( !)4114-3- î!------------JiLf)(Ti: !-?-@-@-- .-..--.------ :p! f:i (57 , ili tlp 13 --- - $-? t1;. .-;'. - tih 'Cl 15$ )

207,299 2'09.410 63,330

Xi i-i- i-O ,'i7% 20s?4, 1 o 64..%

THE FUNDS OF THE CHAPITY

Unrestricted fundsRestricted

TOTAL CHARITY FUNDS

- 2,111 27.783- 207,299 207,299 35,54.47-

2,1 1 1 207,299 209,410 63.339

The financial statements were a pproved by the Tsustees and akithorised for issue on.œ*

..v 3 a ''b''et j j h N kk x. t .. x , . .'.tz.J-l--- - ol,..à-i''fk%x'kXk'>-kt?s.'y . . - - - . - . - 201 2 and sfqned on .thelr behalf by;

ls. .'*#N'%* RW

. à(

4 %*N- j 1. .. .-w. . N k...x. .. x: . .. sw- . . g . JkJ. % .. % e' Nx - -.1% .' ' ' ' thN' N llsxp Xk w v Nh. - <...'' ' % k C.' N.' V.L- . . .# . N .

Simor' le Su rta na, Chai r '

14


NOTES TO THE ACCOUNTSFor The Year Ended 30 April 2011

1) ACCOUNNNG POLICIESBasis of accounting

The snancial statements have been prepared under the historical cost convention and inaccordance with aqplicable United Kingdom accounting standards, the Statement ofRecommended Practlce ''Accounting and Reporting by Charities'' issued in March 2005 (SORP2005) and the Companies Act 2006. and in arrnrdance with the Financial Reporting Standardfor Smaller Entities (effective April 2008)The Charity has taken advantage of the exemption in the Financial Reporting Standard forSmaller Entities (effective January 2008) frpm the requirement to produce a cash flowstatement on the grounds that it is a small chanty.

AlI accounts have been prepared in ar-rnrdance with applicable United Kingdom accouqtingstandaqd ,s the Statement of Recommlnded Practice ''Accounting and Reporting by Charlties/issued In March 2005 and the Companles Act 2006

Incoming resources

Assets and jervices given for usq by the charity are recognised when receivable. Income hasbeen recognlsed gross on the basls of entitlement, certainty and measurement.

Donations, legacies and Fther forms of voluntary income are recognised as incoming resourceswhen receivable, except lnsofar as they are incapable of financial measurement.

Graqts are recognised in full in the statement of financial activities in the year in which they arerecelvable of any requirement imposed on the grant is fulslled.

lnvestment income is recognised on a receivable basis.

Fund accounEng

Unrestricted funds are peneral funds tqat are available for use at the Trustees' discretion infurtherance of the objectlves of the Charlty.

Restricted funds are subject to specific conditions by donors as to how they may be used. Thepurposes and uses of the restricted funds are set out in the notes to the accounts.

Resources expended

Expenditure is recognised on an accruals basis, inclusive of value added tax.

Costs of qenerating funds are thqse cpsts incurrel iq aqractinq vgluntary income, in padiculargrant fundlng and the costs of malntainlng the Charlty's profile wlthln the sector.

Goverpanqe costs includq those qosts incurred in the govergance of the Charity's assets andare prlmarlly associated wlth constltutional and statutol requlrements.

Liabilitiys are recognised when incurred. Provisions are only recognised when there is a presentobligatlon as a result of past events.

15



Notes to the Attounts (continued)

Fixed assets

AII sxed assets are initially recorded at cost.

Depreciation

Depreciation is calculated so as to write off the cost of an asset, Iess its estimated residualvalue, over the useful economic Iife of that asset as follows:

EquipmentFixtures & Fittings

25% straight Iine25% straight line

Operating lease agreements

Rentals payable under operating leases are charged against income on a straight Iine basisover the lease term.

2) VOLUNTARY INCOM E

Unrestricted RestrictedE E

7.663 20,911 28,574 59,10336,002 598,679 634,681 304,20643,665 619,590 663,255 363,309

2011Total

2010Total

t

DonationsDonations and giftsGrants received

3) INVESTMENT INCOME

Unrestricted RestrictedE E

14 - 14 1-41

2011Total

E

2010Total

E

Bank interest receivable

4) COST OF ACWWTIES FOR GENERAWNG FUNDS

Publicity materialEventsMarketing and promotion

2011 2010Unrestricted Restricted Total Total

E E E t0 7,646 7,646 3060 4,206 4,206 570

951 4,613 5,564 5,645951 16,465 17,416 6,521

16



Notes to 1he Actounts (tonlinued)

5) CHAKTABLE EXPENDITURE ANALYSIS

Salaries including NIGrants and direct project expConsultantsRent & ratesInsuranceBank chafgesTravel and subsistenceAccountancy feeComputer maintenanceTelephoneOther office costsDepreciationVolunteer expensesMeeting, refreshmentsStationery,printing & postage

2011 2010Unrestricted Restricted Total Total

E E t E35,799 144,246 180,045 133,2291,228 197,110 198,338 161,923

0 36,348 36,348 07,897 22,368 30,265 11,076289 14 303 292335 362 697 421

1,371 9,159 10,530 1,32210,008 0 1 ,0 008 4,735650 532 1182 2,364311 329 640 482

2,957 8,718 11,675 289904 0 904 1,826590 10,587 11,177 1,03884 687 771 917236 3,778 4,014 1,329

62,659 434,238 496,897 321,243

6) GOVERNANCE COSTS

UnrestrictedE

3,150 3,150 3,00097 97 0

3,21 3,247 3,coo

2011Total

E

2010Total

E

Audit and Iegal feesTrustees meeting

7) TRUSTEE REMUNERAWON

The TruMees received no remuneration during the year (2010 = f nil).

Notes to the Atcounts (continued)

17



8) STAFF COA 52011 2010

Waqes and salariesSoclal security costs

163,933 121,30716,112 11,922180,045 133,229

Average number of full time equivalent staff involved in:

5 5

Number of sta#whose emoluments were over :60,000 pa NII NiI

9) % ED ASSETSlntangible Fixtures & ComputerW ebsites Fittings Equipment

E E E

4,240 893 6,133 11,266- - 499 499

(3,150) - - (3,150)1,090 893 *332 8,615

Totalst

Asset CostAt 1 May 2010AdditionsLess: Disposals

At 30 April 201 1

AccumulatedDepreciationAt 1 May 2010Les: disposalsCharge for the year

At 30 April 20111

Net Book ValueAt 30 April 201 1

At 30 April 2010

10) NET OUTGOING RESOURCES OF THE YEAR

1,532 610 3,642 5,78478s) - - (78s)(85 71 748 904832 681 4,390 5,903

258 212 2,242 2,7122,708 28b 2,491 s,482

This is stated after charging;

Depreciation - owned assetsW ebsKe charge for amortisationAuditors remuneration:- audit of the financial statements

Total at Total at30-Apr-11 30-Apr-10

E E819 92485 902

3,000 3,000

Notes to 1he Atcounts (continued)

18


NOTE: TO THE ACCOUjTSFor The Year Ended 30 Aprll 2011

l1) DEBTORS


L ESundry Debtors 1,853 2,196Security deposit 4,015 1,998Grant receivable 42,110 83,705Prepayments 3,396 3,164

TOTAL DEBTORS 51,374 91,063

IZICREDWORS:AMOUNTS FALLING DUE U HIN ONE YEAR


E EAccruals 14,979 7,035Taxation and social security 3,321 4,858Bank overdraft 0 10,313Other creditors 32,085 0Deferred income 0 159,375

TOTAL CREDITORS 50,385 181,581

13) FUND ANALYSIS

Restricted income funds

Vision BangladeshSouth Sudan: PetrofacSouth Sudan: Com ic reliefPakiMan floodDev. Awareness Fund: DAFDiaspora Volunteering AllianceMoney management: G TIPorishod/DiasporaEIF: South Bank UniversityDev. & Communications

Total restricted funds

Unrestricted income funds

Total charity funds

1,021 36,202 (35,832) 1,3917,370 167,341 (174,525) 186

0 206,033 (2,426) 203,6070 1,680 0 1,680

(1,429) 38.928 (37,873) 374 01,347 47,104 (48,451) - 016,503 32,146 (48,106) (543) 08,851 35,868 (44,719) 0

0 5,788 (5,353) 4351 884 48,500 (53,418) 3,034 035,547 619,590 (450,703) 2,865 207,299

27,783 44,050 (66,857) (2,865) 2,111

TransferBalance Incoming Outgoing between Balance

01-May-10 Resources Resources Funds 30-Apr-11E E E E E

63,330 663,640 (517,560) - 209,410

Notes to the Aceounts (continued)

19


NOTES TO THE ACCOUNTSForThe Year Ended 30 April 2011

M IANLYSIS OF NET ASSETS BETW EEN FUNDS

Other netTangible assets/

fixed assets (Iiabilities)E E

2,712 (601) 2,1110 207,299 207,299

2,712 206,698 209,410

TotalsE

Unrestricted fundsRestricted fundsTotal funds

ISICOMPANY UMITED BY GURANTEE

Each Trustee is a member of the company and guarantees to contribute 21 in the event ofwinding up.

20

Documents

B C UK - BRAC UK Annual Report... · 2013-01-02 · BRAC UK COMPANY LIMITED BY GUARANTEE TRUSTEES REPORT For The Year Ended 30 April 2011 c. Grant making policies Resources (intellect,