BECKTON ISLAMIC ASSOCIATION Charity Registration Number: 1062331 REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 REPORTING ACCOUNTANTS: AM ACCOUNTANCY SERVICES 43 BEN JONSON ROAD LONDON E14SA TEL. 020 7790 6111 Page1of9
BECKTON ISLAMIC ASSOCIATION FOR THE YEAR ENDED 31 MARCH 2024 CONTENTS Pages Information of financial Slalements Report of the Executive Committee Statement of responsibilities of the Committee: Independent Examinerfs Report Income and Expenditure Accounts Slalemenl of Assets and Liabilities Notes to the Accounts Page2of9
BECKTON ISLAMIC ASSOCIATION FOR THE YEAR ENDED 31 MARCH 2024 MANAGEMENT COMMITTEE CHAIRMAN MAHBUB AHMEO GENERAL SECRETARY SAYED ABDUL WAHID TREASURER MUTHAHIR ALI ADDRESS 18 WARWALL WINDSOR PARK BECKTON LONDON E6 6WG BANKER Barclays Bank PIC INDEPENDENT EXAMINER AM ACCOUNTANCY SERVICES 43 BEN JONSON ROAD LONDON E1 4SA TEL.. 020 7790 6111 Charit 's Trustees: FORHAD MIAH MAHBU'B AHMED KHALILUR RAHMAN MUKID MIAH HYDOR ALI M CHAND MIAH ABDUL MUMIN ABDUL SALAM SHEIKH HASANATH AHMED CHUNU SAYED ABDUL VVAHID MUTHAHIR ALI Page3of9
BECKTON ISLAMIC ASSOCIATION REPORT OF THE EXECUTIVE COMMirrEE FOR THE YEAR ENDED 31 MARCH 2024 The trustees present their report and financial statements for the year ended 31 March 2024. The Trustees have c1dopted the provisions o*"the Stateineiil of Reconiimended Practice (SORP) Accounting aiid Repoi-tiiig by Clic21'ilics issued in 2005 in preparing the <1nnual report and financial staleinenLs of the Charity. Legal Status: Charity". Reoistered with Lhe Chcirity CoLninission, Charity Nuinber: 106?331 Objects, Principal Activities and Org¥inisation of the Chai'ity "rhe charity's objects al-e fror the bLneFIt of the iiiliabitants ot London Bori)ugh ofNewhain, c lid in pariicular menibei's of the Iwt usl im Minoi-ily Ethnic Coinmunities l)Iil exclusively who are in hardship by.. a) Relievintyc poverty, siekness and cl1sti.ess by tlirough the provi%ion of ¥1dvice aiid information lo the said inhabitants in rieed of such advice that may include welfare benefits, health and education. b) Adv1nLiiig7 educatioii in particiilar the provi%iun of langLlc1ae cliid oilier subject clic SSL c) Pi-ovid inLI 01- assislinci iii Ihc prov isioli of t1£ ci l ities for the IcLrcation £iiid the leisure lime occupation in the interests of social welfare and the object of improving their conditions of life. Or(Tanisation: A Managenient CoiiiiiiillL'e, the iiieinbers of iiili icli arc trustees managTes tlIL affairs of the chai-ity. The Management Coiiiiiiittee maiiages tlie biisiiiess oFthe Lharity inclLidin(y the paying of al l expeiises. Trustees: Trustces, who are al I iiieinbers ot- the executive coiiimittee. and who sei-ved duriiig the year are set out on page 3. The trustees are elected lil the Annual General Meeting. tor membership of the Executive Commiltee and sei-ve until the end of ihe iiext Annual Gcncr<il Meeting. where they Cic 11 Stand t.or re- election as menibers of the neiv Executive Committee. Page4of9
BECKTON ISLAMIC ASSOCIATION FOR THE YEAR ENDED 31 MARCH 2024 STATEMENTS OF RESPONSIBILITIES OF THE EXECUTIVE COMMITTEE Law applicable to charities in England & Wales require the Committee to prepare financial statements for each financial year that give a true and fair view of the charity's financial activities during the year of its financial position at the end of the year. In preparing those financial statements, the Committee is required to.. A) Select suitable accounting policies and apply them ¢onsistently', B) Make judgments and eslimates that are reasonable and prudent- C) Slate whether applicable accounting standards and statements of recommended practice have been followed, subje¢t to any departures disclosed and explained in the financial statements.. DI Prepare the financial statements on a going concern basis unless it is inappropriate lo presume that the charity will continue in operation. The Executive Committee is responsible for keeping accounting records which disclose with reasonable accuracy al any time the financial position of the charity and enable them lo ensure that the financial slalements comply with the Charities Act 1993. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. INDEPENDENT EXAMINER According lo the provisions of the Charities Act 1993. the Committee has agreed that and audit is not reqLiired for this Iinancial year. However due to Pi oiiisions of the same act an independent examiner is required. Transaction and finéqiicial position The Statement of Financial Activities shows a surplus for the year of £240,367,. Gain on disposal of £128,608., and our accumulated funds sland at £900,242 in total. AM Accountancy Services carried out an independent examination of the accounts included in the report. This report, which has been prepared in accordance with the Statement of Recommendod Practice (SORPI Accounting and Reporting by Charities issued in 2005. Approved by the trustees and signed on its behalf by This reportwas approved by the Executive Committee and signed on their behalf. MAHBUB AHMED (Chairman) Date.. SAYED ABDUL WAHID (General Secretary) Dale: MUTHAHIR ALI (Treasurer) Date: ry ! Page5of9
Accountants, Report To the Trustees of BECKTON ISLAMIC ASSOCIATION We report on the accounts for the year ended 31 March 2024 set out on pages 8 to 14 which have been prepared under the historical cost convention and the accounting policies sel out in note 1 to the financial statements. Respective Responsibilities of Trustees and Accountants As described oli page 5 the trustees are responsible for the preparation of the financial statements, and iliey consider th¢il tlie trLlSt is exempt froin ali aud it. It is our respons ibi lity to carry out procedures desitrned to enable us to report our opinion to you. Basis of Opinion We conducted our work in accordance with the Statement of Standards for Reporting Accountants, and so our procedures consisted of comparing the accounts with the accounting records kept by the charity, and making such limited enquiries of the trustees and officers as we considered necessary for the purpose of this report. TheJe procedures provide only the assurance expressed in our opinion. Opinion In our opinion.. (al The accounts are in agreement with the accounting records kept by the charity under the requirements of the Statement of Recommended Practice- Accounting and Reporting by Charities-, (b} Having regard only to, and on the basis of, the information contained in those accounts.. (1) The accounts have been drawn up in a manner consistent with the accounting requirements specified the Statement of Recommended Practice- Accounting and Reporting by Charities. and {2) The charity satisf5ed the conditions for the exemption from an audit of the accounts for the year specified in the Charities Act. AM ACCOUNTANCY S 43 BEN JONSON ROAD LONDON E14SA RVICES AM ACCQIJNTANCI, .%i.-iiv'ic'i.". LI)NL)()N L I -l.%..I -rL- L. 771 ()116111 I--AX.. O:u 77C)11 AII; Date.. Page6of9
BECKTON ISLAMIC ASSOCIATION INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 2024 Total 2023 Unrestricted Restricted Receipts Other Donations Received Rental Income Received 266,982 1,435 266,982 1,435 35,001 23,020 TOTAL INCOME 268,417 268.417 58,021 Less Payments Rent And Venue Hire Rates Setvice Charge Lighting & Heating Events and activities Staff & volunteers costs Legal & Professional Insurance Bank Charge Charity Donations Repairs and renewal PPS and Advertisement TelephonelEmail Account IIT Accountancy Depreciation Cleaning 2,818 2.818 2,571 712 272 310 310 645 1.912 25 12,816 4,984 2.392 388 600 107 1.053 645 ,912 25 1,250 629 25 6.135 4,984 2,392 388 600 107 1.053 500 21 TOTAL EXPENSES 28.050 12,114 SURPLUS I(SHORTFALL} FOR THE YEAR 240.367 240,367 45,907 GAIN ON DISPOSAL OF PROPERTY 128,608 128.608 NET SURPLUS IISHORTFALL} 368,969 368,975 45.907 Page7of9
BECKTON ISLAMIC ASSOCIATION STATEMENT OF ASSETS AND LIABILITIES AS AT 31ST MARCH 2024 NOTE 2024 Fixed Assets Freehold Property Fixtures and fittings 664,113 959 665.072 Current Assets Cash al Bank (Current accounti Cash in hand Other Assets (Property Deposit) 237,544 76 237,620 Current Liabilities Amount falling due to une year 2.450 2,450 NET CURRENT ASSETS I {LIABILITIES) 235,170 TOTAL ASSETS LESS CURRENT LIABILITIES 900.242 FUNDS: Balance BIF Income and Expenditure Account 531,267 368.975 Totsl Funds 900,242 MAHBUB AHMED (Chairman) Date.. MUTHAHIR ALI (Treasurer) Date-. Éi/ilzs Page8of9
BECKTON ISLAMIC ASSOCIATION FOR THE YEAR ENDED 31 MARCH 2024 NOTES TO THE ACCOUNTS 1. ACCOUNTING POLICIES The financial statements have been compiled in accordance with the general directions given by the Charity Commission and with the Statements of recommended Practice. Basis of Accounting The accounts have been prepared under the historical cost convention of accounting. b. Grants Revenue grants are credited to the Income and Expenditure account on a receivable basis. c. Donations Donation are recorded on a receipt basis. d. Depreciation on fixed assets is provided at the rates estimated lo write off the cost on reducing balance basis as follows= Fixtures, Fittings and Equipment 10°/. 2. FIXED ASSETS Fixtures and fitting5 Freehold Property Al 1 April 2023 Fixtures and fittings Disposals Additions At 31 March 2024 188 .320,000 320,000 664,113 664.113 320,188 320,000 664,991 665,179 878 1.066 DEPRECIATION At 01 April 2023 Charge for the year At 31 March 2024 107 107 107 107 NET BOOK VALUE At 1 April 2023 Al 31 March 2024 188 959 320.000 664,113 320,188 665.072 3. LIABILITIES Amount failing due within one year Loan (Interest free) AccountanGy 2,450 2,450 Page9of9