Charity registration number 1003212 {England and Wales) SMETHWICK BANGLADESHI MUSLIM WELFARE ASSOCIATION ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
SMETHWICK BANGLADESHI MUSLIM WELFARE ASSOCIATION LEGAL AND ADMINISTRATIVE INFORMATION Trustees Moliqur Rahrnan Mohammed Taj Uddin Mohammed Ashraful Islam Mohammed Abdul Hannan (Appoinled 1 June 20251 (Appointed 1 June 20251 (Appointed 1 June 2025} Charity number (England and Wales) 1003212 Principal address 253 Halfords Lane Smethwick Birmingham UK B661BD Independent examiner Mohammed Yaseen ACCA Soho House 362 - 364 Soho Road Birmingham B21 gQL
SMETHWICK BANGLADESHI MUSLIM WELFAREASSOCIATION CONTENTS Page Trustees report Ind&pendent examiner's report ststement of financial activities Balance sheet Notes to the financial statements 6-12
SMETHWICK BANGLADESHI MUSLIM WELFAREASSOCIATION TRUSTEES REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 The trustèes present th&ir annual report and financial statèments for the year ended 31 December 2024. The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Charities Act 2011, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "Accounting and Reporting by Charitie5= 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 IFRS 102)" Objectives and activities The charity's activities are governed by its Constitution. The charity's objects laid down in the Constilution include.. the advancement and preservation of the Islamic faith; the advancement of education including instruction in the Islamic faith., to provide facilities for recreation or other leisure-time occupation in the interests of social welfare with the object of irnproving the conditions of life for the inhabitants of the area of Smelhwick. to advance and cater for the religious needs and educational activities. lo undertake the day-to-day management of the Association in accordance with the Constitution., and to foster goodwill and harmonious relations. Public benefit The trustees havo paid due regard to guidance issued by th8 Charity Commission in d8ciding what activities the charity should undertake. Activitl8S The main activities include catering for the religious needs of the community and the provision of educational activities. The Mosqu8 is a centre for worship and activitl8s connected to the IslarniG faith. The Mosque is open to members of public from outside of Smethwick. Educational activit18s are open to children and adults. Activities range from basic classes to tutorials on everyday manners to help create goodwill in public. Achlevements and performance Signific8nt activities and achievements against objectives The charity received incoma of £290,030 during the year, thanks mainly to the generosity of donors within the area and other parts of the UK. It has been an extrernely challenging year with the ongoing renovation works to the charity building. Thi5 should provide the public with improved facilities and services. Of the donations collected, £229,672 has been specifically donated for the renovation work. The charity users and the public in general have been very generous in donating lowards this project. We thank all those who hav8 supported the charity and hope to achieve continuing donations lo progress Wlth the project. The charity held a number of conferences during the year which had attendees from various parts of the Midlands. The topics included the importance of family values, education, and good manners in society. On Fridays, an increasin9 numbar of the public from outside Smethwick are using the charity's services.
SMETHWICK BANGLADESHI MUSLIM WELFAREASSOCIATION TRUSTEES REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Flnancial review The Trustees are satisfied with the financial position of the charity at the period end. There are sufficient cash funds and relatively small liabilities. At 31 December 2024 there were total unrestricted resarves of £762,649. Reslricted reserves at this date wer& £44,259. Reserves policy There is no set policy on the level of unreslricted reserves other than to maintain any surpluses left from donalions for the furtherance of ils Objecls. Aseparate restricted reseNe was sel up for the continulng renovation work to the charity propety- structure, governance and management The charity's activities are govemed by ils Constitulion The trustees who s&rved during Ihe year and up to the dale of signature of the financial statements were: Moliqur Rahman Mohammed Taj Uddin Mohammed Ashraful Islam Mohammed Abdul Hannan {Appointed 1 June 2025) {Appointed l June 20251 (Appointed 1 June 20251 Thé trustges report was approved by the Board of Trustees. Mol Truslee ahman 29 October 2025
SMETHWICK BANGLADESHI MUSLIM WELFARE ASSOCIATION INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF SMETHWICK BANGLADESHI MUSLIM WELFARE ASSOCIATION I report to the trustees on my examination of the financial statements of Smethwick Bangladeshi Muslim Welfare Association {the charity) for the year ended 31 December 2024. Responsibilltles and basls of report As the trustees of the Gharity you are responsible for Ihe preparation of the financial statements in accordance with the requir6ments of the Charities Acl 2011. report in respect of my examination of the charity's financial slatements carried out under seclion 145 of the Charities Act 2011. In carrying out my examinalion I have followed the Directions given by the Charity Commission under section 145(5){b) of the Charities Act 2011. Independent examlnerfs statemenl Since the charity's gross income exceeded £250,000, the independent examiner must be a member of a body listed in section 145 of the Charilies Act 2011. 1 confirm that l am qualified to undertake the examination because l am a member ofACCA, which is one of the listed bodies. Your attention is drawn to the fact that the charity has prepared the financial statements in accordance with the relevant version of the Statement of Recommended Practice applicable to charities preparing their financial statemenls in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 1021 in preference to the Accounting and Reporting by Charities.. Statement of Recommended Practice issued on 1 April 2005 which is r8ferred to in the extant regulations but has now been withdrawn. l understand thal this ha5 been done in order for the financial statements to providè a true and fair view in accordance with UK Generally Accepted AcGounting Practi. 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 that in any material respect.. accounling records were not kept in respect of the charity as required by section 130 of the Charities Act 2011. the financial slatements do not accord with those records- or the financi81 statements do not cornply wilh the applicable requirements concerning the form and content of financial statements set out in the Charities (Accounts and Reports) Regulations 2008 other than any requiremenl that Ihe financial ststem6nts give a true and fair view, which is not a matter considered as part of an independent exarnination. I have no concerns and have come across no other matters in connection with the examination to which attenlion should be drawn in this report in order to enable a proper undersianding of the financial slatements to be reached. Mohammed Yaseen ACCA Soho House 362 - 364 Soho Road Birmingham B219QL 29 October 2025
SMETHWICK BANGLADESHI MUSLIM WELFAREASSOCIATION STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2024 Unrestricted Restricted funds funds 2024 2024 Total Unr8Strlcted Restrlcted funds funds 2023 2023 Total 2024 2023 Notes Income and endowments frorn: Donations and legacies other income 59,090 1,268 229,672 288,762 1,268 45.502 1,245 38,598 84,100 1,245 Total Incomg 60,358 229.672 290,030 46,747 38.598 85,345 Expendlture on: Charitable activities 65,819 65,819 36.330 61 36,391 Total expendlture 65,819 65,819 36,330 61 36,391 Net incornel(expenditure) 15.4611 229,672 224,211 10,417 38.537 48,954 Transfers betsveen funds 277,722 1277,722) 29,466 (29,4661 Not movament in funds 272,261 148,050) 224,211 39,883 9,071 48,954 Reconciltation of funds: Fund balances at 1 January 2024 490.388 92,309 582,697 450,505 83,238 533,743 Fund balances at 31 December 2024 762,649 44,259 806,908 490,388 92,309 582,697 The statement of financial activities includes all gains and losses recognised in the year. All income and 8xpenditure derive from continuing activities.
SMETHWICK BANGLADESHI MUSLIM WELFARE ASSOCIATION BALANCE SHEET ASAT 31 DECEMBER 2024 2024 2023 Notes Fixed assets Tangible assets 10 795,286 308,468 Current assets Cash at bank and in hand 160,629 278,013 Creditor5: amounts falllng due withln one year 11 11,0071 12,7841 Net currenl assets 159,622 275,229 Total assets less current liabilities 954,908 583,697 Credltors: amounts falling du8 after more than one year 12 (148,000) (1,000) Nel assets 806,908 582,697 The funds of the charlty Restricted income funds Unrestricted funds 14 15 44.259 762,649 92,370 490,327 806,908 582,697 The fin I stalements were approved by the trustees on 29 October 2025 Moliqur Rahman Trustee
SMETHWICK BANGLADESHI MUSLIM WELFARE ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Accounting pollcles 1.1 Basis of preparation Th8 financial statements have been prepared in accordance with the charity's goveming documenl, the Charities Act 2011, FRS 102 "The Financial Rèporting Standard applicable in the UK and Republic of Ireland" and the Charitie5 SORP "Accounting and Roporting by Charities.. Slatem8nt of Recommended PractlC8 applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102)" The charity is a Public Benefit Entity as defined by FRS 102. The charity has taken advantage of Ihe provisions in the SORP for charities not to prepare a statement of cash flows. The financial statements have departed from the Charities {Accounts and Reports) Regulations 2008 only to the extent required lo provide a true and fair view. This departure ha5 involved following the Statement of Recommended Practice for charities applying FRS 102 ralher than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn. The financial stat8ments are prepared in sterling, which is th6 funGlional currency of the charity. Monetary amounts in these financial statements are rounded lo the nearest £. The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below. 1.2 Going concgm At the time of approving the financial stslemenls, th8 trustees have a reasonable expectation that the charity has adequate resources lo continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements. 1.3 Charltable funds Unrestricted funds arg 8vailable for LFse at the discretion of the trustees in furtherance of their charitable objectives. Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restrictod funds are set out in the notes to the financial statements. 1.4 Incomg Income is recognised when the charity is legally enliued to it after any perfomiance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received. Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of IhB amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. Legacies are recognised on receipl or othe1$0 if the charity has been notified of an impending dislribution, Ihe amount is known, and receipt is expected. If the amount is not known. th8 legacy is treated as a contingent asset.
SMETHWICK BANGLADESHI MUSLIM WELFAREASSOCIATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Accounting policles (Continued) 1.5 Expenditurè Expenditure is recognised onoe there is a legal or constructive obligation to Iransfer economic benefit to a third party, it is probable that a Iransfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including 5UPPOrt costs involved in undertaking each activity. Direcl costs attributable to a single activily are allocaled directly to that activity. Shared costs which contribute to more than one activity and support Costs which are not attributable to a single activity are apportioned between thoso activities on a basis consistent wilh the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocaled on th8 portion of the asset's sjse. 1.6 Tangible fixed assets Tangible fixed assets are initially maasured al cost and subsequently measur8d al c05t or valuation, net of depreciation and any impairment losses. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases.. Plant and equipment 20¥0 on cost Th8 gain or loss arising on the disposal of an asset is determined as the difference between the sa18 proceeds and the carrying value of the asset, and is recognised in the staternent of financial activities. 1.7 Cash and cash equivalents Cash and cash equivalents include cash in hand, deposits held at call with banks, Other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. 1.8 Employee beneflts The cosl of any unused holiday entitlement 15 recognised in the period in which the employee's services are rèceived. Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee OT to provide termination benefits. 1.9 Retirement beneflts Paymenls to defined contribution retirement benefit schemes are charged as an expense as they fall due. Income from donations and legacies Unrestricted Re5trlcted funds funds 2024 2024 Total Unrestricted Restrlcted funds funds 2023 2023 Total 2024 2023 Donations and gifts 59,090 229,672 288.762 45,502 38,598 84,100
SMETHWICK BANGLADESHI MUSLIM WELFARE ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Other income Unrestricted Unrestrl¢ted funds funds 2024 2023 Olher income 1,268 1,245 Expenditure on charitable activilies Charitable actlvities 2024 Charltable activities 2023 Direct costs Share of support and governance costs (see note 5> Support Governance 65,099 720 35,791 600 65,819 36,391 Analysis by fund Unrestricted funds 65.819 36,391
SMETHWICK BANGLADESHI MUSLIM WELFARE ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Support costs allocated to activitios 2024 2023 Staff costs Depreciation Cleaning Equipment expensed Events Insurance JustGiving service chargés Light and heat other legal and prof Rales stationery and printing Bank charges Repairs and maintenanc8 Scanners Telephone and internet Temps and recruitment Governance costs 19,363 814 240 1,240 9,382 1,077 6,619 8,983 380 1,287 1,018 12,922 814 251 200 8,870 942 8,412 75 1,149 154 1,323 529 150 393 359 13,760 720 600 65,819 36,391 Analysed betweèn: Charitable activities 65,819 36,391 Nel movement In funds 2024 2023 The net movement in funds is stated after chargingllcrediting}'. Depreciation of own8d tangib18 fixed assets 814 814 Trustees None of the trustees lor any persons connected with them) received any remuneration or benefits from the charity during Ihe year. Employees The average monthly number of employees during the year was= 2024 Number 2023 Number
SMETHWICK BANGLADESHI MUSLIM WELFARE ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Employees (Continued) Employment costs 2024 2023 Wages and salaries Other pension costs 19,363 12,905 17 19.363 12,922 There were no employees whose annual remuneration was moro than £60.000. Remuneration of key management personnel The rernuneration of key management personnel was as follows.. Taxatlon The charily is exempt from taxation on its activities because all its income is applied for charitable purposes. 10 Tangible fixed assets Freehold land and buildlngs Plant and equipmant Total Cost At 1 January 2024 Additions 305,620 487.632 11.263 316,883 487,632 At 31 December 2024 793,252 11.263 804,515 Depreclation and impairment Al 1 January 2024 Deprecialion charged in the year 8,415 814 8,415 814 At 31 December 2024 9,229 9.229 Carrying amount Al 31 December 2024 793.252 2,034 795,288 At 31 December 2023 305,620 2,848 308,468 10-
SMETHWICK BANGLADESHI MUSLIM WELFARE ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 11 Creditors: amounts falling due within one year 2024 2023 Other taxation and social security Trade creditors Other creditors 277 90 640 257 1,887 640 1,007 2,784 12 Creditors: amounls falling du8 after more than one yoar 2024 2023 Loans (Qarze Hasana) 148,000 1,000 13 Retirement beneflt schemes 2024 2023 Deflned contrlbution schemes Charge to profil or loss in resp8Ct of defined contribution schemes 17 The charity operates a defined contribution pension schem6 for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administ8red fund. 14 R8strictÈd funds The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how Ihey may b8 used. At 1 January 2024 Incoming resouTces Resourc88 expended Transfers At31 December 2024 92,309 229,672 {277,722) 44,259 Previous year: At 1 January 2023 Incoming resources Resources expended Transfers At31 December 2023 83,238 38,598 161} 129,466) 92,309 11
SMETHWICK BANGLADESHI MUSLIM WELFARE ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 15 Unrestricted funds The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes. At 1 January 2024 Incomlng resources Resources expended Transfers At31 December 2024 General funds 490,388 60,358 (65,819) 277,722 762,649 Previous year: At 1 January 2023 Incomlng resources Resources expended Transfers At31 December 2023 Ggn8ral funds 450,505 46.747 136,330) 29,466 490,388 16 Related party transactlons There were no disclosable related party transactions during the year (2023 - none}. 12-