Charity Number 1037470
Bangladeshi Islamic Society (Jami-Masjid) & Community Centre Trustees' Report and Unaudited Accounts
31-Mar-24
Bangladeshi Islamic Society (Jami-Masjid) & Community Centre Charity Information
Trustees
M.U LUDI D. MIAH M. RAHMAN
Accountants
Blackstone Accountants & Tax Advisers 61 Bradford Street Walsall West Midlands WS1 3QD
Bankers
HSBC UK 30 Market Place Wednesbury WS10 7AU
Registered office
48 Cook Street Darlaston Wednesbury WS10 9RH
Charity Number
1037470
Bangladeshi Islamic Society (Jami-Masjid) & Community Centre Charity Number 1037470
Principal activities
The purpose of the charity as set out in the governing document is the advancement of Islamic religion and the advancement of education.
The main activities undertaken in relation to these purposes is to establish common grounds, to promote good relations between people of different faiths and promoting knowledge alongside mutual understanding and respect of the beliefs and practices different religious faiths. Statement of trustees responsibilities in relation to the financial statements.
The charity trustees are responsible for preparing a trustees annual report and financial statements in accordance with applicable law and United Kingdom accounting standards (United Kingdom generally accepted accounting practice) (GAAP)
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the charities act 2011, The applicable charities accounts and report regulations and the provisions of the trust deed. Also the trustees are also responsible for safeguarding the assets of the charity and hence taking responsible steps for the prevention and detection of threat and other irregularities.
Signed on behalf of the charities trustees
M.U LUDI Trustee Date: 27/12/2024
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Bangladeshi Islamic Society (Jami-Masjid) & Community Centre Accountants' Report
Accountants' report to the director of Bangladeshi Islamic Society (Jami-Masjid) & Community Centre
As described on the balance sheet you are responsible for the preparation of the financial statements for the period ended 31 March 2024, set out on pages 5 to 9, and you consider that the company is exempt both from an audit and a report under Section 477 of the Companies Act 2006.
In accordance with instructions given to us we have prepared without carrying out an audit the annexed financial statements from information and explanations supplied to by the chairman.
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.
Blackstone Accountants & Tax Advisers
61 Bradford Street Walsall West Midlands WS1 3QD
27 December 2024
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Bangladeshi Islamic Society (Jami-Masjid) & Community Centre Profit and Loss Account for the year ended 31 March 2024
| Donations & Legacies Administrative expenses Operating Profit/(Loss) Profit/(Loss) for the financial year |
2024 £ 61,690 41,250 20,440 20,440 |
2023 £ 53,211 (62,041) (8,830) (8,830) |
|---|---|---|
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| Bangladeshi Islamic Society (Jami-Masjid) & Community Centre Registered number: 1037470 Balance Sheet as at 31 March 2024 Notes 2024 £ Current assets Cash at bank and in hand 25,926 5,485 Creditors: amounts falling due within one year 69,641 69,641 Net current assets/(liabilities) (43,715) Net assets/(liabilities) (43,715) The Funds of the charity Unrestricted Funds (59,145) Total Reserve Funds (59,145) |
2023 £ (64,156) (64,156) |
|---|---|
| (79,585) (79,585) |
M.U.LUDI Trustee Approved by the board on 27 December 2024
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Bangladeshi Islamic Society (Jami-Masjid) & Community Centre Notes to the Accounts for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.There is Furlough income included in the donations.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years Leasehold land and buildings over the lease term Plant and machinery over 5 years Fixtures, fittings, tools and equipment over 5 years
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
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Bangladeshi Islamic Society (Jami-Masjid) & Community Centre Notes to the Accounts for the year ended 31 March 2024
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
The Charity is exempt from tax on its charitable activities.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
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Bangladeshi Islamic Society (Jami-Masjid) & Community Centre Detailed profit and loss account for the year ended 31 March 2024
This schedule does not form part of the statutory accounts
| Income and endowments from: Donations and Legacies Administrative expenses Employee costs: Wages and salaries Premises costs: Light and heat General administrative expenses: Bank charges Insurance Repairs and maintenance Sundry expenses Legal and professional costs: Accountancy fees Total Expense |
2024 £ 61,690 36,842 36,842 2,310 2,310 111 1,050 704 233 2,098 - - 41,250 |
2023 £ 53,211 |
|---|---|---|
| 27,423 27,423 4,037 4,037 115 925 24,805 4,580 30,425 156 156 62,041 |
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